KonkaGroupCo.,Ltd.AnnualReport2022
KONKAGROUPCO.,LTD.
ANNUALREPORT2022
2023-18
March2023
KonkaGroupCo.,Ltd.AnnualReport2022
PartIImportantNotes,TableofContentsandDefinitions
TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofKonkaGroupCo.,Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.ZhouBin,theCompany’slegalrepresentative,LiChunlei,theCompany’sChiefFinancialOfficer(CFO),andPingHeng,theheadoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.Anyplansforthefutureorotherforward-lookingstatementsmentionedinthisReportanditssummaryshallNOTbeconsideredasabsolutepromisesoftheCompanytoinvestors.Therefore,investorsareremindedtoexercisecautionwhenmakinginvestmentdecisions.TheCompanyhasnofinaldividendplan,eitherintheformofcashorstock.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
KonkaGroupCo.,Ltd.AnnualReport2022
TableofContents
PartIImportantNotes,TableofContentsandDefinitions ...... 2
PartIICorporateInformationandKeyFinancialInformation ...... 9
PartIIIManagementDiscussionandAnalysis ...... 13
PartIVCorporateGovernance ...... 38
PartVEnvironmentalandSocialResponsibility ...... 62
PartVISignificantEvents ...... 73
PartVIIShareChangesandShareholderInformation ...... 96
PartVIIIPreferredShares ...... 102
PartIXCorporateBonds ...... 103
PartXFinancialStatements ...... 109
KonkaGroupCo.,Ltd.AnnualReport2022
DocumentsAvailableforReference
1.ThefinancialstatementswiththesignaturesandsealsoftheCompany’slegalrepresentative,ChiefFinancialOfficerandheadofthefinancialdepartment;
2.TheoriginalcopyoftheIndependentAuditor’sReportwiththesealoftheCPAfirmandthesignatures&sealsofthecertifiedpublicaccountants;
3.TheoriginalsofalltheCompany’sdocumentsandannouncementsdisclosedtothepublicintheReportingPeriod;
4.ThisReportanditssummarywiththesignatureoftheCompany’slegalrepresentativeandthesealoftheCompany;and
5.Otherrelevantmaterials.
KonkaGroupCo.,Ltd.AnnualReport2022
Definitions
Term | Definition |
The“Company”,the“Group”,“KonkaGroup”or“we” | KonkaGroupCo.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires |
ElectronicsTechnology | ShenzhenKonkaElectronicsTechnologyCo.,Ltd. |
AnhuiZhilian | AnhuiKonkaZhilianE-CommerceCo.,Ltd. |
HaimenKonka | HaimenKonkaSmartTechnologyCo.,Ltd. |
ChengduKonkaSmart | ChengduKonkaSmartTechnologyCo.,Ltd. |
ChengduKonkaElectronic | ChengduKonkaElectronicCo.,Ltd. |
NantongHongdin | NantongHongdinSmartTechnologyCo.,Ltd. |
Youzhihui | ShenzhenYouzhihuiTechnologyCo.,Ltd. |
XiaojiaTechnology | XiaojiaTechnologyCo.,Ltd. |
LiaoyangKangshunSmart | LiaoyangKangshunSmartTechnologyCo.,Ltd. |
LiaoyangKangshunRenewable | LiaoyangKangshunRenewableResourcesCo.,Ltd. |
NanjingKonka | NanjingKonkaElectronicsCo.,Ltd. |
ChuzhouKonka | ChuzhouKonkaPrecisionIntelligentManufacturingTechnologyCo.,Ltd. |
Xi'anHuasheng | Xi'anHuashengJiachengRealEstateCo.,Ltd. |
XingDaHongYe | GuangDongXingDaHongYeElectronicCo.,Ltd. |
ShanghaiXinfeng | ShanghaiXinfengZhuoqunPCBCo.,Ltd. |
KonkaCircuit | ShenzhenKonkaCircuitCo.,Ltd. |
KonkaFlexibleElectronic | SuiningKonkaFlexibleElectronicTechnologyCo.,Ltd. |
KonkaHongyeElectronics | SuiningKonkaHongyeElectronicsCo.,Ltd. |
BoluoPrecision | BoluoKonkaPrecisionTechnologyCo.,Ltd. |
BoluoKonka | BoluoKonkaPCBCo.,Ltd. |
AnhuiTongchuang | AnhuiKonkaTongchuangElectricalAppliancesCo.,Ltd. |
JiangsuKonkaSmart | JiangsuKonkaSmartElectricalAppliancesCo.,Ltd. |
AnhuiElectricalAppliance | AnhuiKonkaElectricalApplianceTechnologyCo.,Ltd. |
FrestecRefrigeration | HenanFrestecRefrigerationApplianceCo.,Ltd. |
FrestecElectricalAppliances | HenanFrestecElectricalAppliancesCo.,Ltd. |
FrestecHouseholdAppliances | HenanFrestecHouseholdAppliancesCo.,Ltd. |
FrestecSmartHome | HenanFrestecSmartHomeTechnologyCo.,Ltd. |
KonkaInvestment | ShenzhenKonkaInvestmentHoldingsCo.,Ltd. |
YibinKonkaTechnologyPark | YibinKonkaTechnologyParkOperationCo.,Ltd. |
KonkaCapital | ShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd. |
KonkaSuiyong | KonkaSuiyongInvestment(Shenzhen)Co.,Ltd. |
ShengxingIndustrial | ShenzhenKonkaShengxingIndustrialCo.,Ltd. |
ZhitongTechnology | ShenzhenKonkaZhitongTechnologyCo.,Ltd. |
KonkaFactoring | KonkaFactoring(Shenzhen)Co.,Ltd. |
BeijingKonkaElectronic | BeijingKonkaElectronicCo.,Ltd. |
KonkaLeasing | KonkaFinancialLeasing(Tianjin)Co.,Ltd. |
SuiningKonkaIndustrialPark | SuiningKonkaIndustrialParkDevelopmentCo.,Ltd. |
SuiningElectronicTechnologicalInnovation | SuiningKonkaElectronicTechnologicalInnovationCo.,Ltd. |
ShanghaiKonka | ShanghaiKonkaIndustrialCo.,Ltd. |
YantaiKangjin | YantaiKangjinTechnologyDevelopmentCo.,Ltd. |
KonkaGroupCo.,Ltd.AnnualReport2022
MobileInterconnection | ShenzhenKonkaMobileInterconnectionTechnologyCo.,Ltd. |
SichuanKonka | SichuanKonkaSmartTerminalTechnologyCo.,Ltd |
YibinSmart | YibinKonkaSmartTechnologyCo.,Ltd. |
ShenzhenKONSEMI | ShenzhenKONSEMICo.,Ltd. |
ChongqingKonka | ChongqingKonkaTechnologyDevelopmentCo.,Ltd. |
HefeiKONSEMI | HefeiKONSEMIStorageTechnologyCo.,Ltd. |
YiheElectronic | HefeiYiheElectronicCo.,Ltd. |
KowinMemory(Shenzhen) | KowinMemoryTechnology(Shenzhen)Co.,Limited |
KowinMemory(HongKong) | KowinMemoryTechnology(HongKong)Co.,Limited |
KonkaXinyunSemiconductor | KonkaXinyunSemiconductorTechnology(Yancheng)Co.,Ltd. |
IndustrialandTradeTechnology | KonkaIndustrialandTradeTechnology(Shenzhen)Co.,Ltd. |
ShenzhenNianhua | ShenzhenNianhuaEnterpriseManagementCo.,Ltd. |
KonkaHuazhong | KonkaHuazhong(Hunan)TechnologyCo.,Ltd. |
Wankaida | ShenzhenWankaidaScienceandTechnologyCo.,Ltd. |
ShenzhenChuangzhiElectricalAppliances | ShenzhenKonkaChuangzhiElectricalAppliancesCo.,Ltd. |
SuiningJiarunProperty | SuiningJiarunPropertyCo.,Ltd. |
AnhuiKonka | AnhuiKonkaElectronicCo.,Ltd. |
KangzhiTrade | AnhuiKangzhiTradeCo.,Ltd. |
TelecommunicationTechnology | ShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd. |
KonkaMobility | KonkaMobilityCo.,Limited |
DongguanKonka | DongguanKonkaElectronicCo.,Ltd. |
SuiningKonkaSmart | SuiningKonkaSmartTechnologyCo.,Ltd. |
ChongqingOptoelectronicTechnologyResearchInstitute | ChongqingKonkaOptoelectronicTechnologyResearchInstituteCo.,Ltd. |
YibinKangrun | YibinKangrunEnvironmentalTechnologyCo.,Ltd. |
YibinKangrunMedical | YibinKangrunMedicalWasteCentralizedTreatmentCo.,Ltd. |
YibinKangrunEnvironmentalProtection | YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. |
NingboKhrElectricAppliance | NingboKhrElectricApplianceCo.,Ltd. |
JiangxiKonka | JiangxiKonkaNewMaterialTechnologyCo.,Ltd. |
JiangxiHighTransparentSubstrate | JiangxiHighTransparentSubstrateMaterialTechnologyCo.,Ltd. |
JiangsuKonkaSpecialMaterial | JiangsuKonkaSpecialMaterialTechnologyCo.,Ltd. |
XinfengMicrocrystalline | JiangxiXinfengMicrocrystallineJadeCo.,Ltd. |
KonkaHuanjia | KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd. |
KonkaHuanjia(Henan) | KonkaHuanjia(Henan)EnvironmentalTechnologyCo.,Ltd. |
ShaanxiKonkaIntelligent | ShaanxiKonkaIntelligentApplianceCo.,Ltd. |
PengrunTechnology | ShenzhenKonkaPengrunTechnology&IndustryCo.,Ltd. |
JiaxinTechnology | JiaxinTechnologyCo.,Ltd. |
KonkaRonghe | KonkaRongheIndustrialTechnology(Zhejiang)Co.,Ltd. |
ChongqingKangxingrui | ChongqingKangxingruiEnvironmentalTechnologyCo.,Ltd. |
ChongqingKangxingruiAutomobileRecycling | ChongqingKangxingruiScrapedAutomobileRecyclingCo.,Ltd. |
KonkaUnifortune | ShenzhenKonkaUnifortuneTechnologyCo.,Ltd. |
JialiInternational | JialiInternational(HongKong)Limited |
Kangjiatong | SichuanKangjiatongTechnologyCo.,Ltd. |
Kanghong(Yantai)Environmental | Kanghong(Yantai)EnvironmentalTechnologyCo.,Ltd. |
Jiangkang(Shanghai)Technology | Jiangkang(Shanghai)TechnologyCo.,Ltd. |
KonkaIntelligentManufacturing | ShenzhenKonkaIntelligentManufacturingTechnologyCo.,Ltd. |
YantaiLaikang | YantaiLaikangIndustrialDevelopmentCo.,Ltd. |
KonkaGroupCo.,Ltd.AnnualReport2022
KonkaMaterial | HainanKonkaMaterialTechnologyCo.,Ltd. |
KonkaVentures | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. |
YibinKonkaIncubator | YibinKonkaIncubatorManagementCo.,Ltd. |
YantaiKonka | YantaiKonkaHealthcareEnterpriseServiceCo.,Ltd. |
ChengduAnren | ChengduAnrenKonkaCulturalandCreativeIncubatorManagementCo.,Ltd. |
KonkaEnterpriseService | GuiyangKonkaEnterpriseServiceCo.,Ltd. |
KonkaEco-Development | ShenzhenKonkaEco-DevelopmentInvestmentCo.,Ltd. |
KonkaEurope | Konka(Europe)Co.,Ltd. |
HongKongKonka | HongKongKonkaLimited |
HongdinTrading | HongdinInternationalTradingLimited |
KonkaNorthAmerica | KonkaNorthAmericaLLC |
KanghaoTechnology | KanghaoTechnologyCo.,Ltd. |
HongdinInvest | HongdinInvestDevelopmentLimited |
ChainKingdomMemoryTechnologies | ChainKingdomMemoryTechnologiesCo.,Limited |
ChainKingdomMemoryTechnologies(Shenzhen) | ChainKingdomMemoryTechnologies(Shenzhen)Co.,Limited |
Hongjet | Hongjet(HongKong)CompanyLimited |
Xi'anFeihe | Xi'anFeiheRealEstateDevelopmentCo.,Ltd. |
ChongqingXinyuanSemiconductor | ChongqingXinyuanSemiconductorCo.,Ltd. |
JiangxiKonkaIndustrialPark | JiangxiKonkaIndustrialParkDevelopmentCo.Ltd. |
RuichangKangruiRealEstate | RuichangKangruiRealEstateCo.,Ltd. |
IndustrialdevelopmentinWuhan | KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. |
KangxiaojiaDigital | ShenzhenKangxiaojiaDigitalInformationTechnologyCo.,Ltd. |
KanghongDongsheng | ShenzhenKanghongDongshengInvestmentPartnership(LimitedPartnership) |
YijiakangSmartTerminal | ShenzhenYijiakangSmartTerminalTechnologyCo.,Ltd. |
GuizhouKangkaiMaterialTechnology | GuizhouKangkaiMaterialTechnologyCo.,Ltd. |
GuizhouKonkaNewMaterialTechnology | GuizhouKonkaNewMaterialTechnologyCo.,Ltd. |
GuizhouKangguiEnergy | GuizhouKangguiEnergyCo.,Ltd. |
GuangdongXinwei | GuangdongXinweiSemiconductorCo.,Ltd. |
KangxinrunRenewableResources | ChongqingKangxingruiRenewableResourcesCo.,Ltd. |
GuizhouKangguiMaterialTechnology | GuizhouKangguiMaterialTechnologyCo.,Ltd. |
SichunChengrui | SichuanChengruiRealEstateCo.,Ltd. |
ChongqingJiarun | ChongqingJiarunRealEstateCo.,Ltd. |
NantongKanghai | NantongKanghaiTechnologyIndustryDevelopmentCo.,Ltd. |
ChongqingKangyiyun | ChongqingKangyiyunBusinessOperationManagementCo.,Ltd. |
JiangxiKonkaHigh-techPark | JiangxiKonkaHigh-techParkOperationandManagementCo.,Ltd. |
ShangraoKonkaElectronicTechnologyInnovation | ShangraoKonkaElectronicTechnologyInnovationCo.,Ltd. |
GuizhouKonkaNewEnergy | GuizhouKonkaNewEnergyMaterialTechnologyCo.,Ltd. |
ZhejiangKonkaElectronic | ZhejiangKonkaElectronicTechnologyCo.,Ltd. |
ZhejiangKonkaTechnologyIndustry | ZhejiangKonkaTechnologyIndustryDevelopmentCo.,Ltd. |
SichuanHongxinchen | SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. |
Xi'anKonkaIntelligent | Xi'anKonkaIntelligentApplianceCo.,Ltd. |
Xi'anKonkaNetwork | Xi'anKonkaNetworkTechnologyCo.,Ltd. |
Xi'anKanghongTechnologyIndustry | Xi'anKanghongTechnologyIndustryDevelopmentCo.,Ltd. |
Xi'anKonkaIntelligentTechnology | Xi'anKonkaIntelligentTechnologyDevelopmentCo.,Ltd. |
KonkaGroupCo.,Ltd.AnnualReport2022
ChongqingFangbingRealEstate | ChongqingFangbingRealEstateCo.,Ltd. |
ChongqingKonkaLowCarbon | ChongqingKonkaLowCarbonTechnologyCo.,Ltd. |
KanghongXintong | ShenzhenKanghongXintongInvestmentPartnership(LimitedPartnership) |
SongyangIndustryOperation | SongyangKonkaSmartIndustryOperationManagementCo.,Ltd. |
KangyanTechnology | ShenzhenKangyanTechnologyCo.,Ltd. |
KonkaPhotovoltaicTechnology | KonkaPhotovoltaicTechnologyCo.,Ltd. |
SongyangKonkaIntelligent | SongyangKonkaIntelligentTechnologyDevelopmentCo.,Ltd. |
KonkaNorthChina | KonkaNorthChina(Tianjin)TechnologyCo.,Ltd. |
ZhongshanKanghong | ZhongshanKanghongElectronicTechnologyCo.,Ltd. |
DigitalTechnology | ShenzhenKonkaDigitalTechnologyDevelopmentCo.,Ltd. |
CSRC | TheChinaSecuritiesRegulatoryCommission |
SZSE | TheShenzhenStockExchange |
CSRCShenzhen | TheShenzhenBureauoftheChinaSecuritiesRegulatoryCommission |
RMB,RMB’0,000,RMB’00,000,000 | ExpressedintheChinesecurrencyofRMB,expressedintensofthousandsofRMB,expressedinhundredsofmillionsofRMB |
KonkaGroupCo.,Ltd.AnnualReport2022
PartIICorporateInformationandKeyFinancialInformation
ICorporateInformation
Stockname | KonkaGroup-A,KonkaGroup-B | Stockcode | 000016,200016 |
Previousstockname(ifany) | N/A | ||
Stockexchangeforstocklisting | ShenzhenStockExchange | ||
CompanynameinChinese | 康佳集团股份有限公司 | ||
Abbr. | 康佳集团 | ||
CompanynameinEnglish(ifany) | KONKAGROUPCO.,LTD | ||
Abbr.(ifany) | KONKAGROUP | ||
Legalrepresentative | ZhouBin | ||
Registeredaddress | 15-24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China | ||
Zipcode | 518057 | ||
Pastchangesofregisteredaddress | On1July2015,duetotherelocationoftheCompanyHeadquarters,theregisteredaddresshaschangedfromOCT,NanshanDistrict,Shenzhen,GuangdongProvince,Chinato15-24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China. | ||
Officeaddress | 15-24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China | ||
Zipcode | 518057 | ||
Companywebsite | www.konka.com | ||
Emailaddress | szkonka@konka.com |
IIContactInformation
BoardSecretary | SecuritiesRepresentative | |
Name | WuYongjun | MiaoLeiqiang |
Address | BoardSecretariat,24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China | BoardSecretariat,24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China |
Tel. | 0755-26609138 | 0755-26609138 |
Fax | 0755-26601139 | 0755-26601139 |
Emailaddress | szkonka@konka.com | szkonka@konka.com |
IIIMediaforInformationDisclosureandPlacewherethisReportIsLodged
StockexchangewebsitewherethisReportisdisclosed | SecuritiesTimes,etc. |
MediaandwebsitewherethisReportisdisclosed | http://www.cninfo.com.cn/new/index |
PlacewherethisReportislodged | BoardSecretariat,24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China |
IVChangetoCompanyRegisteredInformation
Unifiedsocialcreditcode | 914403006188155783 |
ChangetoprincipalactivityoftheCompanysincegoingpublic(ifany) | Nochange |
Everychangeofcontrollingshareholdersinceincorporation(ifany) | Nochange |
KonkaGroupCo.,Ltd.AnnualReport2022
VOtherInformationTheindependentauditfirmhiredbytheCompany:
Name | ShinewingCertifiedPublicAccountantsLLP |
Officeaddress | 9/F,BlockA,FuhuaMansion,No.8ChaoyangmenNorthStreet,DongchengDistrict,Beijing,China |
Accountantswritingsignatures | TangQimeiandLiuLihong |
TheindependentsponsorhiredbytheCompanytoexerciseconstantsupervisionovertheCompanyintheReportingPeriod:
□Applicable√NotapplicableTheindependentfinancialadvisorhiredbytheCompanytoexerciseconstantsupervisionovertheCompanyintheReportingPeriod:
□Applicable√NotapplicableVIKeyFinancialInformationIndicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√Notapplicable
2022 | 2021 | 2022-over-2021change(%) | 2020 | |
Operatingrevenue(RMB) | 29,607,854,255.27 | 49,106,513,669.58 | -39.71% | 50,351,836,554.87 |
Netprofitattributabletothelistedcompany’sshareholders(RMB) | -1,471,409,748.21 | 905,352,997.68 | -262.52% | 477,633,250.14 |
Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses(RMB) | -2,665,550,383.07 | -3,250,798,107.49 | 18.00% | -2,367,590,806.95 |
Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -528,303,041.83 | 808,756,394.11 | -165.32% | 178,616,528.21 |
Basicearningspershare(RMB/share) | -0.6111 | 0.3760 | -262.53% | 0.1984 |
Dilutedearningspershare(RMB/share) | -0.6111 | 0.3760 | -262.53% | 0.1984 |
Weightedaveragereturnonequity(%) | -17.58% | 10.33% | -27.91% | 5.79% |
31December2022 | 31December2021 | Changeof31December2022over31December2021(%) | 31December2020 | |
Totalassets(RMB) | 38,016,368,073.05 | 39,874,520,771.26 | -4.66% | 49,876,267,493.61 |
Equityattributabletothelistedcompany’sshareholders(RMB) | 7,640,399,721.99 | 9,095,278,436.41 | -16.00% | 8,428,640,176.97 |
Indicatebytickmarkwhetherthelowerofthenetprofitattributabletothelistedcompany’sshareholdersbeforeandafterexceptionalgainsandlosseswasnegativeforthelastthreeaccountingyears,andthelatestindependentauditor’sreportindicatedthattherewasuncertaintyabouttheCompany’sabilitytocontinueasagoingconcern.
□Yes√No
KonkaGroupCo.,Ltd.AnnualReport2022
Indicatebytickmarkwhetherthelowerofthenetprofitattributabletothelistedcompany’sshareholdersbeforeandafterexceptionalgainsandlosseswasnegative.
√Yes□No
Item | 2022 | 2021 | Note |
Operatingrevenue(RMB) | 29,607,854,255.27 | 49,106,513,669.58 | |
Deductionsfromoperatingrevenue(RMB) | 823,347,409.73 | 579,266,272.20 | Scrapsalesrevenue,utilitiesrevenue,leaserevenue,materialsalesrevenueandotherrevenueirrelevanttotheprincipaloperations |
Operatingrevenuenetofdeductions(RMB) | 28,784,506,845.54 | 48,527,247,397.38 |
VIIAccountingDataDifferencesunderChina’sAccountingStandardsforBusinessEnterprises(CAS)andInternationalFinancialReportingStandards(IFRS)andForeignAccountingStandards
1.NetProfitandEquityunderCASandIFRS
□Applicable√NotapplicableNodifferencefortheReportingPeriod.
2.NetProfitandEquityunderCASandForeignAccountingStandards
□Applicable√NotapplicableNodifferencefortheReportingPeriod.VIIIKeyFinancialInformationbyQuarter
Unit:RMB
Q1 | Q2 | Q3 | Q4 | |
Operatingrevenue | 8,320,135,785.93 | 8,575,334,490.88 | 7,700,546,365.26 | 5,011,837,613.20 |
Netprofitattributabletothelistedcompany’sshareholders | 103,900,130.02 | 68,918,308.81 | -37,227,714.31 | -1,607,000,472.73 |
Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses | -418,548,047.01 | -323,808,134.70 | -335,657,322.29 | -1,587,536,879.07 |
Netcashgeneratedfrom/usedinoperatingactivities | -630,928,798.94 | 209,669,292.21 | 353,663,155.55 | -460,706,690.65 |
IndicatebytickmarkwhetheranyofthequarterlyfinancialdatainthetableaboveortheirsummationsdiffersmateriallyfromwhathavebeendisclosedintheCompany’squarterlyorinterimreports.
□Yes√No
KonkaGroupCo.,Ltd.AnnualReport2022
IXExceptionalGainsandLosses
√Applicable□Notapplicable
Unit:RMB
Item | 2022 | 2021 | 2020 | Note |
Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 755,498,679.55 | 4,047,094,117.70 | 2,431,648,255.26 | |
Governmentsubsidieschargedtocurrentprofitorloss(exclusiveofgovernmentsubsidiesconsistentlygivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernmentalpoliciesorstandards) | 916,334,616.72 | 1,352,377,548.16 | 908,546,202.24 | |
Gainorlossonassetsentrustedtootherentitiesforinvestmentormanagement | 18,476,648.12 | |||
Gainorlossondebtrestructuring | -5,378,929.04 | 19,777.25 | 1,127,066.94 | |
Gainorlossonfair-valuechangesinheld-for-tradingfinancialassetsandliabilities&incomefromdisposalofheld-for-tradingfinancialassetsandliabilitiesandavailable-for-salefinancialassets(exclusiveoftheeffectiveportionofhedgesthatariseintheCompany’sordinarycourseofbusiness) | -17,595,638.89 | 67,789,442.65 | 96,316,772.78 | |
Reversedportionsofimpairmentallowancesforreceivableswhicharetestedindividuallyforimpairment | 32,624,581.58 | |||
Gainorlossonloanentrustments | 119,233,091.33 | 80,625,356.41 | 64,616,181.90 | |
Non-operatingincomeandexpenseotherthantheabove | -97,161,898.46 | 48,615,769.37 | 54,271,037.60 | |
Othergainsandlossesthatmeetthedefinitionofexceptionalgain/loss | -1,907,936.23 | 1,081,111.64 | ||
Less:Incometaxeffects | 299,999,504.47 | 1,190,629,946.56 | 544,211,364.67 | |
Non-controllinginterestseffects(netoftax) | 209,414,363.46 | 247,833,023.58 | 186,647,854.72 | |
Total | 1,194,140,634.86 | 4,156,151,105.17 | 2,845,224,057.09 | -- |
Particularsaboutothergainsandlossesthatmeetthedefinitionofexceptionalgain/loss:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
√Applicable□Notapplicable
Item | Amountinvolved(RMB) | Reason |
Taxrebatesonsoftware | 12,377,884.09 | GovernmentsubsidiesgivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernment’suniformstandards |
KonkaGroupCo.,Ltd.AnnualReport2022
PartIIIManagementDiscussionandAnalysis
IIndustryOverviewfortheReportingPeriodAtpresent,thecorebusinessesoftheCompanyincludeconsumerelectronics,industrytrade,semiconductors,environmentalprotection,etc.Amongthem,fortheindustrytradebusiness,theCompanycarriesouttheprocurement,processinganddistributionofrelatedmaterialsaroundtheupstreamanddownstreamoftheconsumerelectronicsbusiness,thusitcanbecategorizedtotheconsumerelectronicsindustryorsemiconductorbusiness.Therefore,theindustriesinwhichtheCompanyoperatesduringtheReportingPeriodareconsumerelectronicsindustry,semiconductorindustryandenvironmentalprotectionindustry.Therelevantinformationisasfollows:
(I)ConsumerelectronicsindustryInthecolorTVindustry,China’scolorTVindustryhasenteredthe“stock”marketinrecentyears.Affectedbyfactorssuchasindustrycycles,geopoliticalconflicts,highcommoditypricesaswellasinsufficientconsumptiondemand,thesalesvolumeofthecolorTVindustrydroppedby5.6%year-on-year(YoY)intheworldin2022;meanwhile,astheInternethasprovidedaccessiblechannelsofdistribution,theInternetbrandscompetedontheirlowpricewithotherindustries.Consequently,theincreasinglyfiercepricecompetitionmadetheirproductslessprofitable.AccordingtostatisticsfromAllViewCloud(AVCforshort),theretailsalesvolumeinChina’scolorTVmarketin2022was36,345,000units,downby5.2%YoY,andtheretailsalesvolumewasRMB112.3billion,decliningby12.9%YoY.Inthefuture,asdisplaytechnologiesprogressandastechnologiessuchasInternetofThings(IoT),bigdata,cloudcomputing,artificialintelligenceetc.promotetheupgradeoftheintelligentializationofvariouselectronicproducts,aswellastheiterativeupdateoffuturedisplaytechnologiesrepresentedbyMiniLED,MicroLED,newcategoriesofTVhavedevelopedrapidly.Moreover,thecountryhasalsotakenactivemeasurestodriveforwardhouseholdapplianceindustry.Forexample,inJune2022,NationalRadioandTelevisionAdministrationpublishedtheOpinionsonAcceleratingtheDevelopmentofHigh-definitionandUltra-high-definitionTelevisionswithanaimtopromoteultra-high-definitiontelevisions;inDecember2022,theOutlineoftheStrategicPlanforExpandingDomesticDemand(2022-2035)issuedbytheCPCCentralCommitteeandtheStateCouncilincludesthestatedgoalofdevelopingdigitalhomebyincreasingthespendingofhomedecorationandintelligenthouseholdappliances;the2020CentralEconomicWorkConferenceput“boostingdomesticdemand”first,andstressedthatitisrequiredtotake“recoveringandincreasingconsumption”asapriority,andthatasanimportantpartofconsumption,spendingonhouseholdappliancesholdsthekeytoexpanddomesticdemand.Therefore,drivenbypolicy,technologyandotherfactors,thescaleofthecolorTVindustryisexpectedtogrow.Andatthesametime,withhigherTVparameterconfigurationandricherintelligentfunctions,moreand
KonkaGroupCo.,Ltd.AnnualReport2022
moresegmentedsceneswillbecovered.Onthesideofwhitegoodsindustry,atpresent,theinventoryofwhitegoodsinurbanhouseholdsinChinaisbasicallysaturated.Andaffectedbytheindustrycycle,changesinsupplychainsaswellasdepressingdemand,thescaleofthewhitegoodsindustryhasdecreasedin2022.Intherefrigeratorindustry,theretailsalesvolumeinChina’srefrigeratormarketin2022was30.06millionunits,decreasingby5.7%YoY,andtheretailsalesvaluewasRMB93billion,downby4.2%YoY.Aspeoplearepayingmoreattentiontohealth,foodpreservation,thefuturerefrigeratormarketwillbemainlycharacterizedbyproductupgrades.Inrespectofthewashingmachineindustry,statisticsfromAVCshowedthattheretailsalesvolumeinChina’swashingmachinemarketin2022was
37.71millionunits,decreasingby9%YoY,andtheretailsalesvaluewasRMB68.6billion,decreasingby10.4%YoY.Withagrowingdemandfortheenergyconservation,environmentalprotection,intelligenceandhealthsecurityofproducts,theupgradingofproducttechnologywillbethefuturetrendinthewashingmachineindustry.Intermsoftheair-conditioningindustry,statisticsfromAVCshowedthattheretailsalesvolumeofChina’sair-conditioningmarketwas57.14millionunitsin2021,decreasingby3.3%YoY,andtheretailsalesvaluewasRMB196.9billion,upby
0.4%YoY.Astheneedforreplacementattheconsumersiderecovers,theair-conditioningindustryisexpectedtomaintainasteadygrowthtrendinthefuture.(II)SemiconductorindustryThesemiconductorindustryisastrategic,fundamentalandleadingindustrythatsupportseconomicandsocialdevelopmentandsafeguardsnationalsecurity.Drivenbythedevelopmentof5G,artificialintelligence,theIoT,andintelligentialization,thesemiconductorindustryisexpectedtousherinanewwaveofgrowthcycles.Amongthem,semiconductorstorageisthelargestsubdivisioninthesemiconductorindustryinrecentyears.Atpresent,SouthKoreancompaniesrepresentedbySamsungandHynixareintheleadingpositioninthefieldofsemiconductorstorage.Chinahasalsoacceleratedinboostingtheproductioncapacityofsemiconductorstorageinrecentyears.Itisexpectedthattheself-sufficiencyratewillcontinuetoincrease.MicroLEDistheprevailingtrendanddevelopmentdirectionoffuturedisplaytechnology.Theindustrialchainisdividedintofourmainlinks:upstreamchipmanufacturingandmasstransfer,midstreampanelmanufacturing,anddownstreamcompletemachineapplication.TheMicroLEDhaswideindustrialapplicationandabroadmarket.(III)EnvironmentalprotectionindustryWiththeintroductionofaseriesoffavorablepoliciestoencouragetherecyclingandutilizationofrenewableresourcesandthecontinuousenhancementofenvironmentalprotectionsupervision,thetotalamountandthetotalvalueofrecycledresourcesinChinahaveshownrapidgrowth.Itisexpectedthattheindustrywillcontinuetodeveloptoagoodprospectinthefuture,andthedevelopmentscaleoftherenewableresourcerecyclingindustrywillcontinuetogrowsteadily.
KonkaGroupCo.,Ltd.AnnualReport2022
IIPrincipalActivityoftheCompanyintheReportingPeriod(I)TheconsumerelectronicsbusinessThisdivisionprimarilycomprisesthemultimediasub-divisionandthewhitegoodssub-division,withdetailsasfollows:
1.ThemultimediabusinessTheCompany'smultimediabusinessfacestheglobalmarket,mainlyincludingdomesticcolorTVbusinessandexportcolorTVbusiness.ThedomesticsalesoftheCompany’scolourTVsarerealizedmainlythroughB2B(Business-to-Business)andB2C(Business-to-Consumer),withitsbranchcompanies,businessdepartmentsandafter-salesmaintenancepointsoperatingacrossthecountry.AndtheCompanyprofitsfromthemarginsbetweenthecostsandthesellingpricesofitscolourTVs.AsforsellingitscolourTVsabroad,theCompanymainlyreliesonB2B.ItscolourTVsaresoldtoAsiaPacific,MiddleEast,Central&SouthAmerica,EastEurope,etc.AndoperatingprofitsourceisalsothedifferencesbetweenthecostsandthesellingpricesofitscolourTVs.
2.ThewhitegoodsbusinessThewhitegoodsproducedbytheCompanymainlyincluderefrigerators,washingmachines,airconditioners,freezers,etc.,whicharesoldthroughB2BandB2Cmainlytothedomesticmarket.AndtheCompanyprofitsfromthemarginsbetweenthecostsandthesellingpricesofitswhitegoods.TheCompanystrengthenedthefoundationofourwhitegoodsbrandsthroughtheacquisitionoftheFrestecbrand.Meanwhile,theestablishmentoftheNingboA/CproductionbaseasajointventurehashelpedtheCompanybuilditsownA/Cmanufacturingcapability.Theweaknessinthefront-loadingwashingmachinetechnologyhasbeenovercomebytheacquisitionofBeko(Front-loadingWashingMachine)ChinaFactory.Inaddition,theCompanywentonanewpathofexploringthedishwasherworldbysettingupXi’anSmartAppliancesPark.TheCompanyalsooptimizedtheinternalR&D,production,procurement,sales,andservicesprocesses,integratedtheexternalchannelresourcestoenablechannelsharingbetweentheupstreamprocurementprocessesanddownstreamsalesprocesses,andimprovedtheproductsalesstructureandcompetitivenessofthewhitegoodsbusiness.(II)TheindustrytradebusinessTheCompany'sindustrytradebusinessmainlyfocusesontheprocurement,processinganddistributionofICchipstorage,LCDandothermaterialsinvolvedinthecompany'straditionalmainbusiness.Theoperatingprofitcomesfromtheprocessingfeeandthepricedifferencebetweenupstreamprocurementanddownstreamsales.TheindustrytradebusinesscanhelptheCompanyestablishgoodrelationshipswithitsupstreamsuppliersanddownstreamcustomers,andkeepitinformedofpricesofthematerialsusedinitsproductionforbettercostcontroloveritsexistingproducts.Additionally,itisabletofacilitatethedevelopmentofthesemiconductorbusinessby
KonkaGroupCo.,Ltd.AnnualReport2022
helpingaccumulatecustomerresourcesforthesemiconductorandchipbusiness,providesaleschannels,andachieveaccuratematchingofmarketdemand,withashortenedproductdevelopmentperiodandalowerriskofmismatchingofR&Dandmarketdemand.(III)TheenvironmentalprotectionbusinessCurrently,thisbusinessfocusesonrecyclingofrenewableresources.Renewableresourcesarecollected,sorted,processed,distributedandsold.(IV)ThesemiconductorbusinessCurrently,theCompanyisengagedinstorage,optoelectronics,etc.withrespecttothesemi-conductorbusiness.Instorage,theCompanyprimarilyengagesinpackagingandtestingofstorageproducts.Inoptoelectronics,theCompanyprimarilydevelopsMicroLED-relatedproducts.IIICoreCompetitivenessAnalysisTheCompany’scorecompetitivenessliesinitsR&Dability,brand,marketingnetworkandhumanresources.Ithasdevelopedathree-tierR&Dsystemof“Researchinstitute+keylabs+productdevelopmentcenters”,establishedartificialintelligenceinternetofthingscomprehensivelaboratoryand5GUltraHDlaboratorywithmajoruniversitiesorscientificresearchinstitutions,establishedacademicianworkstation,andbuiltatechnologyresearchalliancematchingtheindustriallayout,withnearly100coretechnologiesandabout1,500R&Dtalents.TheCompanyhasintroducedaround100expertsonthemicroLEDproject.Intermsofbrand,theCompanycontinuestopromotebrandstrategyconstruction,systemconstruction,imageconstructionandculturalconstruction,focusesonimprovingthescientificandinternationalimageoftheenterprise,strengthensthebrandstatus,hasacertainbrandawarenessandreputationintheconsumergroup,andhasgoodbrandcreditinbanksandotherfinancingchannels.Intermsofmarketingchannels,theCompanyinnovateschannelreform,cooperatesonlineandofflineforwin-winresults,andstrivesfordevelopmentathomeandabroad.Regardingofflinechannels,theCompanyhas25branches,morethan100offices,andmorethan3,000after-salesserviceshopsacrossChina,andthemarketingandservicenetworkisalloverthecountry;asforonlinechannels,theCompanyhassettledinTmall,JD,Suning,VIPshopandothermainstreame-commerceplatformstoinnovateanddeveloplivee-commercebusiness,andseekanewgrowthpoleforbusinessdevelopment;overseaschannel,thecompanyTheCompany'sbusinesscoversLatinAmerica,Europe,AsiaPacificandothercountriesandregions,withasoundmarketingnetwork.Intermsofhumanresources,theCompanyboastsaleadershipteamofmanyyearsofmanagementandindustryexperience,aswellasahighqualityexecutionteam.
KonkaGroupCo.,Ltd.AnnualReport2022
IVCoreBusinessAnalysis
1.OverviewIn2022,inthecomplicatedcontextoftheeconomicdownturn,declineinconsumption,supplychaininterruptionsaswellastheadjustmentofmacropolicy,theCompanytookleanmanagementasitsguidingprinciple,focusedonmainbusinessdevelopment,andadheredtothethreemajorbusinesssegmentsof“ConsumerElectronics+Semiconductor+NewEnergyTechnology”.Itfurtheradvancedtheupgradingofitsbusinessstructure,tookeffectivemeasurestolowercostsandincreaseefficiency,controlandreduceexpenditure,andstrengthenedscientificandtechnologicalinnovationaswellasprofessionalcapacitybuilding.Butforthefollowingreasons,theCompanyrecordedayear-on-yeardeclineinoperatingrevenueandasignificantlossin2022.
(1)Themaincausesofayear-on-yeardeclineinoperatingrevenuein2022
①AmongexportproductsintheCompany’smainbusiness,memorysemiconductorproductsaccountforalargeshare.Accordingtothepreliminarystatisticalresultsfromthird-partyresearchinstitutions,theglobalsalesvolumeofmemorysemiconductorsdecreasedby10.4%YoYorso.Inordertoreduceoperatingrisks,theCompanyadjustedandreducedthebusinessscaleofthispart,resultinginasignificantdeclineinthesalesscaleofproductsincludingmemorychipsintheindustrialandtradingbusinesscomparedto2021.
②In2022,thestatisticsfromthird-partyresearchinstitutionsrevealedthatduetotheweakdemandandconsumption,thescaleofdomesticindustriesrelatedtotheconsumerelectronicsbusinessoftheCompanydroppedbyabout10%YoY.TheCompanyreducedby21.63%intermsofthescaleofconsumerelectronicsbusinesscomparedwith2021.③In2022,theCompanyfocusedonitsmainbusiness,remainedcommittedtothetreemajorbusinesssegmentsof“ConsumerElectronics+Semiconductor+NewEnergyTechnology”,andpromotedbusinessrestructuringbyoptimizingpartofnon-corebusinesswhichfailedtocoordinatewiththemainbusiness.
④TheCompanyremovedShandongEconTechnologyCo.,Ltd.andShenzhenE2infoNetworkTechnologyCo.,Ltd.fromthebalancesheetthroughintroducingstrategicinvestorsattheendof2021.Anditdidnotconsolidatetheoperatingrevenueoftheabove-mentionedtwocompaniesin2022.
2.Themaincausesofasignificantlossin2022①In2022,asthescaleofconsumerelectronicsbusinessreduced,itsufferedasignificantdeclineinitsgrossmarginandalossaswell,duetothevolatilityofrawmaterialprices,fiercecompetitionamongcompanies,lowaverageretailpricesofconsumerelectronicsproductsandrisingshippingcost.
②In2022,theCompanycontinuedtoinvestintheresearchanddevelopmentofsemiconductor
KonkaGroupCo.,Ltd.AnnualReport2022
business,butasitwasstillinthestageofsmall-lotproduction,itfailedtoachievecorrespondingrevenueandprofitin2022,whichaffectedtheCompany’sperformanceinitsoverallearnings.
③In2022,inordertostimulatetheassetsandfurtherfocusonmainbusiness,theCompanystrippedoffassetsthatdidnotworkforthedevelopmentofmainbusinessandtheexpansionofsupplychains.Undertheprudenceprinciple,theCompanysetasideimpairmentprovisionofRMB1.245billionforcertainassetssuchasaccountsreceivableandinventorythatmaybesubjecttocreditandassetimpairment,causingadecreaseinearnings.
④Undertheinfluenceofmacroeconomicenvironment,theCompanyreducedthebusinessofindustrialparksandinvestment,whichcausedahugedeclineinrelevantrevenue.In2021,theCompanysawRMB4,047millionofgainsondisposalofnon-currentassetsasitdisposedofsomeequityofsubsidiaryenterprises.Thegains/lossesfromthedisposalofnon-currentassetswereRMB755millionin2022,downby81.33%YoY.For2022,theCompanyrecordedoperatingrevenueofRMB29.608billion,down39.71%yearonyear.NetprofitattributabletotheShareholdersoflistedcompaniesatRMB-1.471billion,representingayear-on-yeardropof262.52%.
3.Keyoperationsduring2022
①SignificantimprovementofmanagementFirst,leanmanagementachievednotableachievements:In2022,theCompanyworkedtopromoteleanmanagementandvaluecreation,focusedonincreasedquality,efficiencyandself-promotion,andimplementedprecisequantification,standardization,inventoryprogramanddigitization.TheCompanymadeimpressivegainsinimprovingleanmanagementbyreducingcostsandcontrollingexpenditure,reclaimingreceivablesandstrippingoffsubsidiaryenterprisesthatsufferedlossesanddidnotfitinwiththecompany’sdevelopmentstrategies.Second,thecapacityofdigitalmanagementnotablystrengthened:In2022,theCompanycarriedoutmanydigitalprojectsincludingInCloudandLakeproject,financialsharingproject,contractmanagementproject,standardizedfinancialaccountingproject,intelligentmanufacturingMESofwhitegoods(digitalfactory)project,suppliermanagementandengineeringbiddingprojects.AlloftheseimprovedtheCompany’sdigitalmanagement.Third,riskmanagementachievedgreatresults:In2022,theCompanyestablished“project,standardized”riskmanagementsystemsandachievedleanriskmanagementthroughthreeriskcontrollineofdefense,three-classmanagementmechanismandthreestagesofsupervision.Meanwhile,theCompanysetupwell-establishedcompliancesystemsthroughorganizationconstruction,systemnorms,listguidelineandpersonnelallocation.②ContinuousoptimizationofindustrialstructureFirst,promotingintegratedhigh-qualitydevelopment.In2022,theCompanystayedcommittedtoelectronicstechnologyasitsmainbusiness,putforwardintegratedhigh-qualitydevelopment,and
KonkaGroupCo.,Ltd.AnnualReport2022
madeclearthreemajorbusinesssegmentsof“ConsumerElectronics+Semiconductor+NewEnergyTechnology”andthetwosupportingbusinessesof“IndustrialParks+Investment”,whichhighlightedthecorepositionofmainbusiness.Moreover,itworkedtooptimizebusinessstructure.Second,upgradingconsumerelectronicsbusinessstructure.In2022,thewhitegoodsbusinessoftheCompanyachievedgrowthinincomescalethroughincreasinginvestmentinthewhitegoods,promoting“Konka+Frestec”dual-brandoperationand“refrigerators+washingmachines+freezers+airconditioners+kitchenappliance”full-categorylayout.AndtheKonkaIndustrialParkinShaanxienteredthestageofmassproduction.
③AdvancementofexpertiseFirst,manufacturingcapacityhasmovedforwardinthedirectionofprofessionalism.IntermsofthecolorTVindustry,in2022,theCompanyhasworkedtoimproveitsintelligentmanufacturingcapacity.Forinstance,industrialInternetofThings(IIOT)platformofAnkangGreenSmartPlantpassedacceptanceinspectionanditsproductivityhasmetindustrialstandard.Thus,theplantwonthetitleof“NationalGreenSmartfactory”.Inwhitegoodsindustry,thecompanybuilt“refrigerators+washingmachines+freezers+airconditioners+kitchenappliance”full-categorymanufacturingcapacity.Onthesideofsemiconductors,thecompanylaunchedsomeindustrialprojectssuchasmassproductionlineofMLEDdirectdisplayandMLEDchip,andputintoproductionYanchengMemorySemiconductorAssembly&TestBase,theyieldofwhichsurpassed
99.95%.Second,investmentbusinesshasbeendevelopedinthedirectionofprofessionalism.In2022,theexpertiseoffullchainof“fundraising,investment,managementandwithdrawal”ininvestmentsub-divisionoftheCompanyhasgreatlyimproved.Third,furtherimprovedprofessionalcapacityofoperatingindustrialparks.In2022,theCompanyhasconsolidateditscapacityofoperatingtheindustrialparkbusinessandalsodevelopeda“government-commissionedandenterprise-operating”asset-lightstrategyandotherbusinessmodels,whichhaspushedforthecompletionoftheprojects.
④NotableimprovementofproductcapabilityFirst,theindustrializationofsemiconductortechnology.OnthesideofO-Esemiconductors,ChongqingKonkaSemiconductorOptoelectronicTechnologyIndustrialParkwasputintoproduction.Theself-developed15um*30umMicroLEDchipreached99%ofthemanufacturingyield.Besides,itlaunchedindustrialprojectsincludingthemassproductionlineprojectofMLEDdirectdisplay.IntermsofPCBsub-division,theCompanydevelopedMiniLEDdirectdisplay.Therevenueofthickcopperandcommunicationproductssawayear-on-yearincrease.Andtheproductsalesstructurehasimproved.Second,consumerelectronicqualityproductsplayedanimportantrole.TheoverseascolorTVbusinesslaunchedaseriesofhigh-margindifferentiatedqualityproductstooptimizeitsproductmix.
KonkaGroupCo.,Ltd.AnnualReport2022
Intermsofthewhitegoodssub-division,theCompanyfurtherexploredproductpotentialthroughbenchmarking,andpromotedfull-categoryproducts.ItlaunchedKonka550double-doorrefrigeratoranddrumwashingmachinewithH21colorscreenandothernewproducts.TheCompanyisengagedin5GrouterandtabletproductswithrespecttothemobileInternetsub-division,andfocusedoninternationalmarket,whichsignificantlyimprovedoverseasbusinessrevenueandgrossmargin.⑤SignificantimprovementofR&DcapacityIn2022,theCompanyremainedcommittedtoindependentinnovationasitstechnologicaldevelopmentguideline,andkeptstrengtheningthethree-tierR&Dsystemof“researchinstitute-keylaboratory-productR&Dcenter”andincreasinginvestmentinareasincludingsemiconductors,bigdata,displaytechnologyandhealthyfreshcoldtechnology.AmongonenationalawardandfourprovincialawardsthattheCompanyreceivedin2022,theParameterSeparationMethods,SmartTVandStorageMediawonChinesePatentAwardofExcellence,theKeyTechnologyofIntelligentTerminalIntegratingInformationEquipmentandSynergeticInterconnectionofBeaconwonthesecondprizeofGuangdongScienceandTechnologyProgressAward,andtheControlMethodsforTemperatureRectificationofAir-cooledRefrigeratorandtheANoiseControlMethodforRefrigeratorUsingFrequencyConversionCompressorwontheScienceandTechnologyAchievementAwardofHenanProvince.KonkaDouble15-dayEcologicalFresh-KeepingRefrigeratorwonthe2022Ultra-LongFresh-KeepingLeadingProductAwardofChina’sRefrigeratorIndustry.IntermsofcoretechnologyR&D,theCompanymadebreakthroughinmanykeytechnologiesin2022.Intheareaofsemiconductors,theCompanyindependentlydevelopedMicroLED“hybridmasstransfertechnology”withathree-colortransferyieldreaching99.999%.Inthewhitegoodsindustry,theCompanycarriedoutthebasicappliedresearchoftheDevelopmentofCryogenicRefrigeratorBasedonReverseBraytonRefrigerationTechnologyproject.Aftertheair-cooled-86°Ccryo-refrigeratorforcivilusewasdeveloped,thecoolingtemperaturesurpassed-120°C,whichopenedupthemarketspaceoftheCompany’sultra-lowtemperaturerefrigerationproductsinsuchfieldsasmedicaltreatment,militaryindustry,scientificresearchandtransportation.Furthermore,the15-dayecologicalfresh-keepingtechnologyextendedthefresh-keepingdateoffoodintherefrigeratorthroughmulti-fieldcouplingtechnology.
2.RevenueandCostAnalysis
(1)BreakdownofOperatingRevenue
Unit:RMB
2022 | 2021 | Change(%) | ||
Operatingrevenue | As%oftotaloperatingrevenue(%) | Operatingrevenue | As%oftotaloperatingrevenue(%) |
KonkaGroupCo.,Ltd.AnnualReport2022
Total | 29,607,854,255.27 | 100% | 49,106,513,669.58 | 100% | -39.71% |
Byoperatingdivision | |||||
Consumerelectronics | 10,871,843,067.02 | 36.72% | 13,873,074,181.46 | 28.25% | -21.63% |
Industrytrade | 16,052,517,705.95 | 54.22% | 29,682,677,483.94 | 60.45% | -45.92% |
Environmentalbusiness | 1,548,557,255.52 | 5.23% | 4,354,614,711.52 | 8.87% | -64.44% |
Semiconductor | 134,579,890.70 | 0.45% | 321,958,525.17 | 0.66% | -58.20% |
Other | 1,000,356,336.08 | 3.38% | 874,188,767.49 | 1.78% | 14.43% |
Byproductcategory | |||||
ColorTVs | 5,023,097,945.06 | 16.97% | 7,300,340,878.11 | 14.87% | -31.19% |
Whitegoods | 3,929,504,730.97 | 13.27% | 3,699,285,362.91 | 7.53% | 6.22% |
PCB | 663,849,487.53 | 2.24% | 913,703,904.09 | 1.86% | -27.35% |
Industrytrade | 16,052,517,705.95 | 54.22% | 29,682,677,483.94 | 60.45% | -45.92% |
Environmentalbusiness | 1,548,557,255.52 | 5.23% | 4,354,614,711.52 | 8.87% | -64.44% |
Semiconductor | 134,579,890.70 | 0.45% | 321,958,525.17 | 0.66% | -58.20% |
Other | 2,255,747,239.54 | 7.62% | 2,833,932,803.84 | 5.77% | -20.40% |
Byoperatingsegment | |||||
Domestic | 14,845,908,414.38 | 50.14% | 22,033,965,598.67 | 44.87% | -32.62% |
Overseas | 14,761,945,840.89 | 49.86% | 27,072,548,070.91 | 55.13% | -45.47% |
Bymarketingmodel | |||||
Directsales | 5,773,701,603.23 | 19.50% | 8,947,974,287.40 | 18.22% | -35.47% |
Distribution | 23,834,152,652.04 | 80.50% | 40,158,539,382.18 | 81.78% | -40.65% |
(2)OperatingDivision,ProductCategory,OperatingSegmentorMarketingModelContributingover10%ofOperatingRevenueorOperatingProfit
√Applicable□Notapplicable
Unit:RMB
Operatingrevenue | Costofsales | Grossprofitmargin | YoYchangeinoperatingrevenue(%) | YoYchangeincostofsales(%) | YoYchangeingrossprofitmargin(%) | |
Byoperatingdivision | ||||||
Consumerelectronics | 10,871,843,067.02 | 10,466,658,063.15 | 3.73% | -21.63% | -18.48% | -3.72% |
Industrytrade | 16,052,517,705.95 | 15,948,127,861.17 | 0.65% | -45.92% | -45.97% | 0.08% |
Byproductcategory | ||||||
ColorTVs | 5,023,097,945.06 | 5,081,621,150.13 | -1.17% | -31.19% | -26.59% | -6.34% |
Whitegoods | 3,929,504,730.97 | 3,523,413,567.24 | 10.33% | 6.22% | 3.77% | 2.11% |
Industrytrade | 16,052,517,705.95 | 15,948,127,861.17 | 0.65% | -45.92% | -45.97% | 0.08% |
Byoperatingsegment | ||||||
Domestic | 14,845,908,414.38 | 14,256,824,588.51 | 3.97% | -32.62% | -30.94% | -2.33% |
Overseas | 14,761,945,840.89 | 14,531,813,805.37 | 1.56% | -45.47% | -45.69% | 0.39% |
Bymarketingmodel | ||||||
Directsales | 5,773,701,603.23 | 5,538,012,338.93 | 4.08% | -35.47% | -31.87% | -5.08% |
Distribution | 23,834,152,652.04 | 23,250,626,054.95 | 2.45% | -40.65% | -40.80% | 0.25% |
CorebusinessdataoftheprioryearrestatedaccordingtothechangedstatisticalcaliberfortheReportingPeriod:
□Applicable√Notapplicable
(3)WhetherRevenuefromPhysicalSalesIsHigherthanServiceRevenue
√Yes□No
Operatingdivision | Item | Unit | 2022 | 2021 | Change(%) |
KonkaGroupCo.,Ltd.AnnualReport2022
ConsumeElectronics | Unitsales | 0,000units | 1,028 | 1,247 | -17.56% |
Output | 0,000units | 983 | 1,184 | -16.98% | |
Inventory | 0,000units | 73 | 79 | -7.59% |
Anyover30%YoYmovementsinthedataaboveandwhy:
□Applicable√Notapplicable
(4)ExecutionProgressofMajorSignedSalesandPurchaseContractsintheReportingPeriod
□Applicable√Notapplicable
(5)BreakdownofCostofSalesByproductcategory
Unit:RMB
Productcategory | Item | 2022 | 2021 | Change(%) | ||
Costofsales | As%oftotalcostofsales(%) | Costofsales | As%oftotalcostofsales(%) | |||
ColorTVs | ColorTVs | 5,081,621,150.13 | 17.65% | 6,922,606,555.81 | 14.60% | -26.59% |
Whitegoods | Whitegoods | 3,523,413,567.24 | 12.24% | 3,395,382,780.50 | 7.16% | 3.77% |
PCB | PCB | 627,609,981.96 | 2.18% | 852,737,298.50 | 1.80% | -26.40% |
Industrytrade | Industrytrade | 15,948,127,861.17 | 55.40% | 29,514,534,704.12 | 62.26% | -45.97% |
Environmentalbusiness | Environmentalbusiness | 1,511,874,387.74 | 5.25% | 4,030,685,013.80 | 8.50% | -62.49% |
Semiconductor | Semiconductor | 148,687,958.92 | 0.52% | 306,296,431.81 | 0.65% | -51.46% |
Other | Other | 1,947,303,486.72 | 6.76% | 2,379,642,196.99 | 5.02% | -18.17% |
Note:
Costofsaleschangedaccordinglywithoperatingrevenue.
(6)ChangesintheScopeofConsolidatedFinancialStatementsfortheReportingPeriod
√Yes□No
Nameofsubsidiary | Registeredcapital(RMB) | TheCompany’sinterest(%) | Dateofchange | Reasonforchange |
GuizhouKonkaNewEnergyMaterialTechnologyCo.,Ltd. | 10,000 | 98.00% | 2022-5-11 | Newlyincorporated |
JiangxiKonkaHigh-techParkOperationandManagementCo.,Ltd. | 5,000 | 100.00% | 2022-4-27 | |
ShangraoKonkaElectronicTechnologyInnovationCo.,Ltd. | 3,000 | 100.00% | 2022-4-27 | |
ZhejiangKonkaElectronicTechnologyCo.,Ltd. | 3,000 | 100.00% | 2022-6-20 | |
ZhejiangKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 3,000 | 100.00% | 2022-6-20 | |
Xi'anKonkaIntelligentApplianceCo.,Ltd. | 500 | 51.00% | 2022-7-22 | |
Xi'anKanghongTechnologyIndustryDevelopmentCo.,Ltd. | 3,000 | 100.00% | 2022-8-1 | |
Xi'anKonkaNetworkTechnologyCo.,Ltd. | 5,000 | 100.00% | 2022-8-1 | |
Xi'anKonkaIntelligentTechnologyDevelopmentCo.,Ltd. | 5,000 | 100.00% | 2022-8-1 | |
ChongqingFangbingRealEstateCo.,Ltd. | 2,000 | 80.00% | 2022-8-19 | |
KonkaPhotovoltaicTechnologyCo.,Ltd. | 15,000 | 60.00% | 2022-10-9 | |
ZhongshanKanghongElectronicTechnologyCo.,Ltd. | 100 | 51.00% | 2022-10-14 |
KonkaGroupCo.,Ltd.AnnualReport2022
SongyangKonkaIntelligentTechnologyDevelopmentCo.,Ltd. | 3,000 | 100.00% | 2022-10-26 | |
ShenzhenKangyanTechnologyCo.,Ltd. | 1,000 | 100.00% | 2022-10-28 | |
SongyangKonkaSmartIndustryOperationManagementCo.,Ltd. | 1,500 | 51.00% | 2022-10-26 | |
KonkaNorthChina(Tianjin)TechnologyCo.,Ltd. | 3,000 | 100.00% | 2022-10-10 | |
ShenzhenKanghongXintongInvestmentPartnership(LimitedPartnership) | 10,000 | 95.09% | 2022-10-21 | |
ChongqingKonkaLowCarbonTechnologyCo.,Ltd. | 1,500 | 55.00% | 2022-9-30 | |
JiangxiKonkaIndustrialParkDevelopmentCo.,Ltd. | 10,000 | 70.00% | 2022-5-25 | De-registered |
ShanghaiXinfengZhuoqunPCBCo.,Ltd. | 1,066 | 100.00% | 2022-2-10 | |
RuichangKangruiRealEstateCo.,Ltd. | 1,000 | 70.00% | 2022-5-25 | |
ShenzhenKonkaElectricalAppliancesCo.,Ltd. | 830 | 100.00% | 2022-12-1 | |
YantaiLaikangIndustrialDevelopmentCo.,Ltd. | 1,000 | 51.00% | 2022-8-4 | |
ShenzhenYijiakangSmartTerminalTechnologyCo.,Ltd. | 2,000 | 100.00% | 2022-12-9 | |
SichuanChengruiRealEstateCo.,Ltd. | 2,500 | 49.00% | 2022-4-15 | Equitytransfer |
ChongqingJiarunRealEstateCo.,Ltd. | 2000 | 49.00% | 2022-4-15 | |
Xi'anHuashengJiachengRealEstateCo.,Ltd. | 10,000 | 0.00% | 2022-6-27 | |
Xi'anFeiheRealEstateDevelopmentCo.,Ltd. | 100 | 0.00% | 2022-6-26 | |
KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. | 1,000 | 45.00% | 2022-2-25 | |
HefeiKONSEMIStorageTechnologyCo.,Ltd. | 7,400 | 34.46% | 2022-3-30 | Capitalincrease |
HefeiYiheElectronicCo.,Ltd. | 1,000 | 34.46% | 2022-3-30 | |
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | 2,000 | 80.00% | 2022-7-4 | Acquired |
ShenzhenKonkaDigitalTechnologyDevelopmentCo.,Ltd. | 2,010 | 100.00% | 2022-9-19 |
(7)MajorChangestotheBusinessScopeorProductorServiceRangeintheReportingPeriod
□Applicable√Notapplicable
(8)MajorCustomersandSuppliersMajorcustomers:
Totalsalestotopfivecustomers(RMB) | 10,924,895,999.88 |
Totalsalestotopfivecustomersas%oftotalsalesoftheReportingPeriod(%) | 36.90% |
Totalsalestorelatedpartiesamongtopfivecustomersas%oftotalsalesoftheReportingPeriod(%) | 0 |
Topfivecustomers:
No. | Customer | SalesrevenuecontributedfortheReportingPeriod(RMB) | As%oftotalsalesrevenue(%) |
1 | CustomerA | 5,236,236,676.89 | 17.69% |
2 | CustomerB | 1,878,790,089.83 | 6.35% |
3 | CustomerC | 1,600,421,458.45 | 5.41% |
KonkaGroupCo.,Ltd.AnnualReport2022
4 | CustomerD | 1,336,927,199.96 | 4.52% |
5 | CustomerE | 872,520,574.75 | 2.93% |
Total | -- | 10,924,895,999.88 | 36.90% |
Otherinformationaboutmajorcustomers:
√Applicable□NotapplicableNoneofthetopfivecustomerswererelatedpartiesoftheCompany.AndnoneoftheCompany’sdirectors,supervisors,executiveofficers,coretechnicians,over5%shareholders,actualcontrolleroranyotherrelatedpartiesheldequityinterestsinthemajorcustomers,directlyorindirectly.Majorsuppliers:
Totalpurchasesfromtopfivesuppliers(RMB) | 11,332,913,608.06 |
Totalpurchasesfromtopfivesuppliersas%oftotalpurchasesoftheReportingPeriod(%) | 39.35% |
Totalpurchasesfromrelatedpartiesamongtopfivesuppliersas%oftotalpurchasesoftheReportingPeriod(%) | 0 |
Topfivesuppliers:
No. | Supplier | PurchaseintheReportingPeriod(RMB) | As%oftotalpurchases(%) |
1 | SupplierA | 5,446,347,101.69 | 18.91% |
2 | SupplierB | 1,843,650,256.49 | 6.40% |
3 | SupplierC | 1,480,847,503.61 | 5.14% |
4 | SupplierD | 1,465,757,179.27 | 5.09% |
5 | SupplierE | 1,096,311,567.00 | 3.81% |
Total | -- | 11,332,913,608.06 | 39.35% |
Otherinformationaboutmajorsuppliers:
√Applicable□NotapplicableNoneofthetopfivecustomerswererelatedpartiesoftheCompany.AndnoneoftheCompany’sdirectors,supervisors,executiveofficers,coretechnicians,over5%shareholders,actualcontrolleroranyotherrelatedpartiesheldequityinterestsinthemajorcustomers,directlyorindirectly.
3.Expense
Unit:RMB
2022 | 2021 | Change(%) | Reasonforanysignificantchange | |
Sellingexpense | 1,240,144,735.77 | 1,428,062,895.37 | -13.16% | |
Administrativeexpense | 949,647,590.28 | 960,449,117.12 | -1.12% | |
Financecosts | 522,423,743.18 | 952,642,273.75 | -45.16% | Greatcurrencyfluctuationsintheyear |
R&Dexpense | 543,882,024.89 | 616,335,488.01 | -11.76% |
4.R&DInvestments
√Applicable□Notapplicable
NamesofmainR&Dprojects | Projectobjectives | Projectprogress | Objectivestobeachieved | ExpectedimpactontheCompany |
NewMini&MicroLEDStructureDevelopmentProject | Throughthenewstructuredesign,theestablishedgoalofphotoelectricperformanceimprovementandcostreductioncanbeachieved | Theprojecthascompletedthegivenprojectobjectivesandisthusclosed. | Thetargetofbrightnessincrease,push-pulleffortincrease,andnoblemetalusagereduction | LayasolidfoundationfortheindustrializationofMini&MicroLEDchip. |
KonkaGroupCo.,Ltd.AnnualReport2022
wasfinished. | ||||
MassTransferRepairTechnologyResearchandDevelopmentProject | Improvetheyieldthroughmasstransferrepairtechnology. | Theprojecthascompletedthegivenprojectobjectivesandisthusclosed. | Producethesamples,andtheyieldcouldachievethegoalthroughusingrepairtechnology. | Accumulatekeyachievementsofthemasstransferandmaketechnicalreservesfortheindustrializationofthistechnology. |
Multi-windowandMultitaskingSystem-MEYouOS | Toachieveitsmulti-directionaldifferentiationintermsoftheinteraction,multi-task,AI,ecologicaldevelopment,andputtheproductintouse. | Thisprojectdevelopmenthasbeencompletedandappliedinthecompany’sproducts. | Tocompletetheaccumulationofdifferentiatedtechnologysuchasself-developedmultitaskingsystems,Androidecologicalconnection,self-madeairmouseremotecontrolandintelligentsplicescreenthroughtechnicalcooperation. | Realizationofthecorecapabilityofself-developedmultitaskingsystemsandaccumulationoftechnicalreservesallowthemtoactasacoretechnologytowidenthegapbetweencompetingproducts. |
8K120HzVideoProcessor | Itisdesignedtorealizethe8Kvideoslicingfunctionbyusingself-developedchips.Convertone-channelHDMI2.18Ksignalintofour-channelHDMI2.04Ksignals,inwhichHDMI2.1inputandHDMI2.0outputinterfacesarerealizedbyself-madechips,andthenapplyvideosplicingtechnologytovideosignalsegmentationinsidetheself-madechips,andusesynchronizationmechanismtoensurethatthefour-channelHDMI2.0outputsarecompletelysynchronized. | Theprojecthasbeencompletedandgainedcustomerordersintheindustry. | BreakthroughchiptechnologyincludingHDMI2.1,8Kvideosegmentationandmulti-interfacesynchronizationandoutputprogramexternally. | Thesetechnologiescanbeusedinvarious8Klarge-screendisplayscenarios,including“100citiesand1,000screens”andtheHangzhouAsianGamesandotherimportantoccasions. |
AMDriver(ActiveMatrixDriver)MiniLEDBacklightTV | TocompleteAM-drivenhigh-zoneMiniLEDbacklightTVandlaunchproduct | ThisprojectdevelopmenthasbeencompletedandappliedinA6seriesofmodels. | CompletetheresearchanddevelopmentofrelevanttechnologiesincludingAMdriverandhigh-zoneMiniLEDbacklight,andimprovethedisplayeffectandreducethebacklightcosts. | Enhancethequalityandcompetitivenessoftheproduct. |
ResearchofCryogenicRefrigeratorBasedonReverseBraytonRefrigerationTechnology | Applythereversebraytonrefrigerationtechnologytothestudyof-120°Ccryorefrigeratortoverifythedesignparametersofkeycomponents,low-temperaturematerialselectionandstructurelayoutrelatedtothistechnology.Thetargettemperatureinthecryogenicboxistoreach-120℃. | Thecryogenictemperaturehassurpassed-120°C. | Thecryogenictechnologyhasrealizedthetemperatureof-120°C. | Todeveloptechnicalreservesforthemarketofcryogenicstorageproductsinthefieldofbiomedicine. |
KonkaGroupCo.,Ltd.AnnualReport2022
DetailsaboutR&Dpersonnel:
2022 | 2021 | Change(%) | |
NumberofR&Dpersonnel | 1,537 | 1,505 | 2.13% |
R&Dpersonnelas%oftotalemployees | 10.59% | 9.27% | 1.32% |
EducationalbackgroundofR&Dpersonnel | |||
Bachelor’sdegreeandbelow | 1,398 | 1,344 | 4.02% |
Master’sdegree | 131 | 151 | -13.25% |
Doctoraldegree | 8 | 10 | -20.00% |
AgestructureofR&Dpersonnel | |||
Below30 | 716 | 649 | 10.32% |
30-40 | 573 | 607 | -5.60% |
Over40 | 248 | 249 | -0.40% |
DetailsaboutR&Dinvestments:
2022 | 2021 | Change(%) | |
R&Dinvestments(RMB) | 543,882,024.89 | 633,205,798.71 | -14.11% |
R&Dinvestmentsas%ofoperatingrevenue | 1.84% | 1.29% | 0.55% |
CapitalizedR&Dinvestments(RMB) | 0 | 16,870,310.70 | -100.00% |
CapitalizedR&Dinvestmentsas%oftotalR&Dinvestments | 0.00% | 2.66% | -2.66% |
ReasonforanysignificantchangeinR&Dpersonnelcompositionandtheimpact:
□Applicable√NotapplicableReasonsforanysignificantYoYchangeinthepercentageofR&Dinvestmentsinoperatingrevenue:
□Applicable√NotapplicableReasonforanysharpvariationinthepercentageofcapitalizedR&Dinvestmentsandrationale:
√Applicable□NotapplicableNocapitalizationofR&DinvestmentsintheReportingPeriod.
5.CashFlows
Unit:RMB
Item | 2022 | 2021 | Change(%) |
Subtotalofcashgeneratedfromoperatingactivities | 33,467,042,610.14 | 51,951,723,686.75 | -35.58% |
Subtotalofcashusedinoperatingactivities | 33,995,345,651.97 | 51,142,967,292.64 | -33.53% |
Netcashgeneratedfrom/usedinoperatingactivities | -528,303,041.83 | 808,756,394.11 | -165.32% |
Subtotalofcashgeneratedfrominvestingactivities | 5,299,153,383.77 | 6,003,236,391.07 | -11.73% |
Subtotalofcashusedininvestingactivities | 4,972,918,573.56 | 8,688,189,017.80 | -42.76% |
Netcashgeneratedfrom/usedininvestingactivities | 326,234,810.21 | -2,684,952,626.73 | 112.15% |
Subtotalofcashgeneratedfromfinancingactivities | 21,373,734,199.02 | 24,829,208,403.38 | -13.92% |
Subtotalofcashusedinfinancingactivities | 21,706,022,136.76 | 21,264,351,013.39 | 2.08% |
Netcashgeneratedfrom/usedinfinancingactivities | -332,287,937.74 | 3,564,857,389.99 | -109.32% |
Netincreaseincashandcashequivalents | -506,435,208.13 | 1,670,291,105.79 | -130.32% |
Explanationofwhyanyofthedataabovevariessignificantly:
KonkaGroupCo.,Ltd.AnnualReport2022
√Applicable□NotapplicableNetcashgeneratedfrom/usedinoperatingactivitieschangedprimarilybecausewithincreasedinventories,cashpaymentsforgoodsandservicesasapercentageofcashinflowsfromsalesroseyearonyear.Netcashgeneratedfrom/usedininvestingactivitieschangedprimarilybecausecashpaymentsforconstructionandacquisitionoffixedassets,intangibleassetsandotherlong-termassetsdeclinedyearonyear.Netcashgeneratedfrom/usedinfinancingactivitieschangedprimarilybecauseborrowingsdeclinedyearonyear.ReasonforanybigdifferencebetweenthenetoperatingcashflowandthenetprofitforthisReportingPeriod:
□Applicable√NotapplicableVAnalysisofNon-CoreBusinesses
√Applicable□Notapplicable
Unit:RMB
Amount | As%oftotalprofit | Source/Reason | Recurrentornot | |
Returnoninvestment | 936,006,397.44 | -45.27% | Incomefromequitytransfers | Not |
Gain/lossonchangesinfairvalue | -40,731,333.54 | 1.97% | Not | |
Assetimpairments | -1,245,280,871.86 | 60.23% | Allowancesforimpairmentlosses | Not |
Non-operatingincome | 125,139,042.00 | -6.05% | Not | |
Non-operatingexpense | 224,724,245.84 | -10.87% | Not |
VIAnalysisofAssetsandLiabilities
1.SignificantChangesinAssetComposition
Unit:RMB
31December2022 | 1January2022 | Changeinpercentage(%) | Reasonforanysignificantchange | |||
Amount | As%oftotalassets | Amount | As%oftotalassets | |||
Monetaryassets | 5,988,095,490.71 | 15.75% | 6,489,553,211.24 | 16.27% | -0.52% | |
Accountsreceivable | 2,036,734,836.22 | 5.36% | 3,397,729,481.07 | 8.52% | -3.16% | |
Contractassets | 0.00% | 0.00% | 0.00% | |||
Inventories | 4,409,767,756.22 | 11.60% | 4,068,537,809.18 | 10.20% | 1.40% | |
Investmentproperty | 802,407,844.60 | 2.11% | 776,525,061.54 | 1.95% | 0.16% | |
Long-termequityinvestments | 6,351,232,955.58 | 16.71% | 5,902,588,939.51 | 14.80% | 1.91% | |
Fixedassets | 4,114,029,693.38 | 10.82% | 4,010,295,277.14 | 10.06% | 0.76% | |
Constructioninprogress | 1,990,361,377.07 | 5.24% | 1,490,777,831.39 | 3.74% | 1.50% | |
Right-of-useassets | 50,019,838.68 | 0.13% | 71,210,415.37 | 0.18% | -0.05% | |
Short-term | 7,579,559,304.97 | 19.94% | 9,920,675,121.08 | 24.88% | -4.94% |
KonkaGroupCo.,Ltd.AnnualReport2022
borrowings | |||||
Contractliabilities | 601,044,358.35 | 1.58% | 652,910,408.02 | 1.64% | -0.06% |
Long-termborrowings | 8,906,931,402.89 | 23.43% | 3,529,140,539.09 | 8.85% | 14.58% |
Leaseliabilities | 36,586,639.16 | 0.10% | 42,532,869.63 | 0.11% | -0.01% |
Indicatewhetheroverseasassetsaccountforalargerproportionofthetotalassets.
□Applicable√Notapplicable
2.AssetsandLiabilitiesatFairValue
√Applicable□Notapplicable
Unit:RMB
Item | Beginningamount | Gain/lossonfair-valuechangesintheReportingPeriod | Cumulativefair-valuechangeschargedtoequity | ImpairmentallowancefortheReportingPeriod | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Otherchanges | Endingamount |
Financialassets | ||||||||
1.Tradingfinancialassets(derivativefinancialassetsexcluded) | ||||||||
2.Derivativefinancialassets | ||||||||
3.Investmentsinotherdebtobligations | ||||||||
4.Investmentsinotherequityinstruments | 23,841,337.16 | 23,841,337.16 | ||||||
Subtotaloffinancialassets | 23,841,337.16 | 23,841,337.16 | ||||||
Investmentproperty | ||||||||
Productivelivingassets | ||||||||
Other | 2,364,852,292.22 | -7,108,260.65 | 986,428,145.86 | 467,322,675.67 | 2,876,849,501.76 | |||
Totaloftheabove | 2,388,693,629.38 | -7,108,260.65 | 986,428,145.86 | 467,322,675.67 | 2,900,690,838.92 | |||
Financialliabilities | 0.00 | 0.00 | 0.00 |
Particularsaboutotherchanges:
Item | Beginningamount | Gain/lossonfair-valuechangesintheReportingPeriod | Cumulativefair-valuechangeschargedtoequity | ImpairmentallowancefortheReportingPeriod | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Otherchanges | Endingamount |
Othernon-currentfinancialassets | 2,293,361,603.68 | -7,108,260.65 | 749,240,917.42 | 395,831,987.13 | 2,639,662,273.32 | |||
Receivablesfinancing | 71,490,688.54 | 237,187,228.44 | 71,490,688.54 | 237,187,228.44 |
SignificantchangestothemeasurementattributesofthemajorassetsintheReportingPeriod:
□Yes√No
KonkaGroupCo.,Ltd.AnnualReport2022
3.RestrictedAssetRightsasatthePeriod-End
Item | Endingcarryingvalue(RMB) | Reasonforrestriction |
Monetaryassets | 526,183,479.81 | Ofwhich,RMB435,167,024.52issecuritydepositsputinpledgeforloansortheissuanceofbankacceptancebills;RMB305,405.41isinthefiscalcustodyaccount;RMB69,800,000.00istermdepositsthatcannotbewithdrawninadvance;andRMB20,911,049.88isrestrictedforotherreasons. |
Notesreceivable | 504,958,051.41 | Inpledgefortheissuanceofbankacceptancebill |
Stock | 49,679,547.48 | Therectificationmeasureswereaffectedbytheminorityshareholdercaseofthesubsidiary,theinventorywassealedup,andthecompanydidnotwaiveitsclaims. |
Investmentproperty | 104,066,818.20 | Ascollateralforloan |
Fixedassets | 1,437,778,232.95 | Ascollateralfortheissuanceofbankacceptancebill,financelease,loanorformershareholderguarantee |
Intangibleassets | 512,162,337.46 | Mortgageloan,financialleasemortgage,originalshareholderguaranteemortgage |
Constructioninprogress | 229,757,971.08 | Ascollateralforfinancelease |
Total | 3,364,586,438.39 |
VIIInvestmentsMade
1.TotalInvestmentAmount
√Applicable□Notapplicable
AmountofReportingPeriod(RMB) | Amountofthesameperiodoflastyear(RMB) | Change(%) |
4,490,904,118.80 | 7,481,330,886.46 | -39.97% |
2.MajorEquityInvestmentsMadeintheReportingPeriod
□Applicable√Notapplicable
3.MajorNon-EquityInvestmentsOngoingintheReportingPeriod
√Applicable□Notapplicable
Unit:RMB
Item | Investmentmethod | Fixedassetsinvestmentornot | Industryinvolved | InputamountintheReportingPeriod | Accumulativeactualinputamountasoftheperiod-end | Capitalresources | Progress | Estimatedrevenues | Accumulativerealizedrevenuesasoftheperiod-end | Reasonfornotmeetingthescheduleandexpectedrevenues | Disclosuredate(ifany) | Disclosureindex(ifany) |
DongguanKonkaIntelligentIndustrialPark | Self-build | Yes | Electronicindustry | 189,688,317.71 | 544,486,076.49 | Self-andbankloan-funded | N/A | 2017-03-11 | http://www.cninfo.com.cn/new/index | |||
SuiningKonkaElectronicTechnologyIndustrialPark | Self-build | Yes | Electronicindustry | 149,933,938.79 | 483,395,087.58 | Self-funded | N/A | 2018-10-17 | ||||
ChongqingKonkaSemiconductorPhotoelectricIndustrialPark | Self-build | Yes | Electronicindustry | 219,883,550.18 | 505,627,350.19 | Self-andbankloan-funded | N/A | 2019-06-14 |
KonkaGroupCo.,Ltd.AnnualReport2022
KonkaIntelligentTerminalManufacturingBaseforExport | Self-build | Yes | Electronicindustry | 12,816,316.48 | 53,860,622.93 | Self-funded | N/A | 2020-06-06 | |||
FrestecRefrigerationPark | Self-build | Yes | Electronicindustry | 138,495,606.91 | 247,798,329.55 | Self-andbankloan-funded | N/A | 2020-07-21 | |||
Xi’anKonkaSmartAppliancesHeadquartersProject | Self-build | Yes | Electronicindustry | 38,146,161.13 | 179,661,935.88 | Self-funded | N/A | 2021-02-10 | |||
Total | -- | -- | -- | 748,963,891.20 | 2,014,829,402.62 | -- | -- | -- | -- | -- |
Note:KonkaChuzhouSmartAppliancesandEquipmentIndustrialParkhasbeencompletedandaccepted.Xi’anKonkaSmartAppliancesHeadquartersProjecthasbeenputintouse.DongguanKonkaIntelligentIndustrialPark,SuiningKonkaElectronicTechnologyIndustrialParkandFrestecRefrigerationParkareunderconstruction.RegardingtheSemiconductorPhotoelectricResearchInstituteofChongqingKonkaSemiconductorPhotoelectricIndustrialPark,theinfrastructureofthefirstphasehasbeencompletedandaccepted,withtheremaininginfrastructureanddecorationongoing.
4.FinancialInvestments
(1)SecuritiesInvestments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(2)InvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
5.UseofRaisedFunds
√Applicable□Notapplicable
(1)GeneralInformationaboutUseofRaisedFunds
√Applicable□Notapplicable
Unit:RMB’0,000
Yearofraising | Wayofraising | Totalamountraised | UsedintheCurrentPeriod | Cumulativelyused | Re-purposedamountintheReportingPeriod | Cumulativere-purposedamount | Cumulativere-purposedamountas%oftotalamountraised | Unusedamount | Purposeandwhereaboutsoftheunusedamount | Amountbeingidleformorethantwoyears |
2022 | Publicoffering | 120,000 | 120,000 | 120,000 | 0 | 0 | 0.00% | 0 | 0 | 0 |
KonkaGroupCo.,Ltd.AnnualReport2022
ofcorporatebonds | ||||||||||
2022 | Privateplacementofcorporatebonds | 120,000 | 120,000 | 120,000 | 0 | 0 | 0.00% | 0 | 0 | 0 |
Total | -- | 240,000 | 240,000 | 240,000 | 0 | 0 | 0.00% | 0 | -- | 0 |
Moreinformation | ||||||||||
AsofthedateofthisReport’sbeingauthorizedforissue,theraisedfundshavebeenusedup.TheCompanyusedraisedfundsinstrictcompliancewiththestatedpurposesintheprospectus,andthespecialaccountforraisedfundswasrunningwell. |
(2)PromisedUseofRaisedFunds
□Applicable√Notapplicable
(3)Re-purposedRaisedFunds
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIIISaleofMajorAssetsandEquityInterests
1.SaleofMajorAssets
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.SaleofMajorEquityInterests
√Applicable□Notapplicable
Counterparty | Equityinterestssold | Dateofsale | Sellingprice(RMB’0,000) | AmountcontributedbytheequityintereststonetincomeoftheCompanyfromperiod-beginningtodateofsale(RMB’0,000) | EffectofthesaleontheCompany | AmountcontributedbythesaletonetincomeoftheCompanyasapercentageoftheCompany’snetincome(%) | Pricingprinciple | Related-partytransactionornot | RelationshipbetweencounterpartyandtheCompany | Ownershipfullytransferredornot | Executedasscheduledornot,ifnot,statereasonandactionstaken | Disclosuredate | Indextodisclosedinformation |
Xi'anPortIndustrialInvestmentCo.,Ltd. | 100%ownershipofXi'anHuashengJiachengRealEstateCo.,Ltd. | 27June2022 | 22,000 | 2,133.46 | OptimizingtheCompany’sallocationofassets,increasingcapitalliquidity | 7.02% | Valuation | No | No | Yes | N/A | 21May2022 | http://www.cninfo.com.cn/new/index |
IXMajorSubsidiaries
√Applicable□NotapplicableMajorfully/majority-ownedsubsidiariesandthoseminority-ownedsubsidiarieswithanover10%
KonkaGroupCo.,Ltd.AnnualReport2022
effectontheCompany’snetprofit
Unit:RMB
Name | RelationshipwiththeCompany | Principalactivity | Registeredcapital | Totalassets | Netassets | Operatingrevenue | Operatingprofit | Netprofit |
KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | Subsidiary | Enterprisemanagementconsultingandincubationservices | RMB5,000,000 | 167,078,254.09 | 55,084,448.84 | 64,761,298.17 | 60,109,090.28 | 48,421,693.32 |
HongKongKonkaCo.,Ltd. | Subsidiary | Export&importofelectronics | HKD500,000 | 3,189,156,989.28 | 397,775,661.07 | 2,667,415,017.40 | 52,240,252.69 | 34,803,560.21 |
ChainKingdomMemoryTechnologiesCo.,Limited | Subsidiary | Export&importofelectronics | USD4,876,255.39 | 1,217,208,991.41 | 157,310,605.80 | 8,493,960,721.20 | 4,129,016.07 | 4,124,270.93 |
SubsidiariesobtainedordisposedofintheReportingPeriod:
√Applicable□Notapplicable
Subsidiary | HowsubsidiarywasobtainedordisposedintheReportingPeriod | Effectsonoveralloperationsandoperatingperformance |
GuizhouKonkaNewEnergyMaterialTechnologyCo.,Ltd. | Newlyincorporated | BeneficialtothedevelopmentoftheCompany’srelevantbusiness |
JiangxiKonkaHigh-techParkOperationandManagementCo.,Ltd. | Newlyincorporated | |
ShangraoKonkaElectronicTechnologyInnovationCo.,Ltd. | Newlyincorporated | |
ZhejiangKonkaElectronicTechnologyCo.,Ltd. | Newlyincorporated | |
ZhejiangKonkaTechnologyIndustryDevelopmentCo.,Ltd. | Newlyincorporated | |
Xi'anKonkaIntelligentApplianceCo.,Ltd. | Newlyincorporated | |
Xi'anKanghongTechnologyIndustryDevelopmentCo.,Ltd. | Newlyincorporated | |
Xi'anKonkaNetworkTechnologyCo.,Ltd. | Newlyincorporated | |
Xi'anKonkaIntelligentTechnologyDevelopmentCo.,Ltd. | Newlyincorporated | |
ChongqingFangbingRealEstateCo.,Ltd. | Newlyincorporated | |
ZhongshanKanghongElectronicTechnologyCo.,Ltd. | Newlyincorporated | |
SongyangKonkaIntelligentTechnologyDevelopmentCo.,Ltd. | Newlyincorporated | |
ShenzhenKangyanTechnologyCo.,Ltd. | Newlyincorporated | |
SongyangKonkaSmartIndustryOperationManagementCo.,Ltd. | Newlyincorporated | |
KonkaNorthChina(Tianjin)TechnologyCo.,Ltd. | Newlyincorporated | |
ShenzhenKanghongXintongInvestmentPartnership(LimitedPartnership) | Newlyincorporated | |
KonkaPhotovoltaicTechnologyCo.,Ltd. | Newlyincorporated | |
ChongqingKonkaLowCarbonTechnologyCo.,Ltd. | Newlyincorporated | |
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | Acquired | |
ShenzhenKonkaDigitalTechnologyDevelopmentCo.,Ltd. | Acquired | |
JiangxiKonkaIndustrialParkDevelopmentCo.,Ltd. | De-registered | Forbetterallocationofassets |
ShanghaiXinfengZhuoqunPCBCo.,Ltd. | De-registered | |
RuichangKangruiRealEstateCo.,Ltd. | De-registered |
KonkaGroupCo.,Ltd.AnnualReport2022
ShenzhenKonkaElectricalAppliancesCo.,Ltd. | De-registered | |
YantaiLaikangIndustrialDevelopmentCo.,Ltd. | De-registered | |
ShenzhenYijiakangSmartTerminalTechnologyCo.,Ltd. | De-registered | |
SichuanChengruiRealEstateCo.,Ltd. | Equitytransfer | BeneficialtothedevelopmentoftheCompany’srelevantbusinessandbringaboutacertainamountofgains |
ChongqingJiarunRealEstateCo.,Ltd. | Equitytransfer | |
Xi'anHuashengJiachengRealEstateCo.,Ltd. | Equitytransfer | |
Xi'anFeiheRealEstateDevelopmentCo.,Ltd. | Equitytransfer | |
KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. | Equitytransfer | |
HefeiKONSEMIStorageTechnologyCo.,Ltd. | Capitalincrease | |
HefeiYiheElectronicCo.,Ltd. | Capitalincrease |
Informationaboutprincipalsubsidiariesandjointstockcompanies:
NoneXStructuredBodiesControlledbytheCompany
□Applicable√NotapplicableXIProspectoftheCompany’sFutureDevelopmentIn2023,basedonthemainbusiness,theCompanywillsticktospecializedplatformoperation,implementleanmanagement,supportlong-termvalueandworktoincreaseitseconomicbenefits.Inaddition,itwillalsoseehigh-qualitydevelopmentasitsguideline,adheretothegeneralprincipleofdevelopmentandfocusonitsmainbusiness,aimingtoachievehigh-qualitydevelopment.TheCompany’smaintasksin2023arelistedasfollows:
(I)AdheretothegeneralprincipleofdevelopmentIn2023,theCompanywillsticktothegeneralprincipleofdevelopment,focusonthreedominantindustries“ConsumerElectronics+Semiconductor+NewEnergyTechnology”,andadoptastrategyoflengtheningandbroadening.Itwillcreateitstechnologicalbarriersandindustrialbases,expandandstrengthenrealindustry,thusachievingsteadyandhigh-qualitydevelopment.(II)Adheretoalong-termvalueorientationIn2023,basedontheestablishedstrategies,thecompanywilltakeactionwhiletakinglong-termgoalsintoconsideration,returntothenatureofoperationandbuildabusinessbase,realizeasteadyandhigh-qualitygrowth.(III)SticktodeveloptheoperationofplatformspecializationIn2023,theCompanywillremaincommittedtospecializeddevelopmentbycreatingitsowntechnologybarriers,managementbarriers,productbarriersandsupplychainbarriers,anddevelopingsub-divisionswiththestrengthofprofession,thusenhancingitscorecompetitiveedge.(IV)Sticktotheproduct-orientedoperationIn2023,theCompanywillstrengthenproductthinkingandproductcapabilityinasystematicmanner.Forexample,basedonproducts,theCompanywillmakeplanforinvestment,andbuildandreshapeorganizationalsystems,andtakecostreductionandefficiencyincreaseandgross
KonkaGroupCo.,Ltd.AnnualReport2022
marginoftheproductsastheapproachofassessingproducts.Specifically,intermsofproductcapabilityinconsumerelectronicsbusiness,theCompanywillfirstcenteronproductinnovation,focusonuserexperienceinnovationproductsandthedevelopmentoffunctionsthatmeethigh-frequentconsumerdemand,andalsofocusontheextendedfunctionsthatprovidecommercialvaluefortheCompany’soperation;second,itwillfocusonproductoperations,implementabigproductmanagersystem,significantlyincreasethesalesofstarproductsandrebuildthefulllifecycleofproductmanagement;finally,itwillfocusonproductefficiency,andimprovetheeconomicsofscaleaswellasenhancecostcompetitiveness.Onthesideofsemiconductorandnewenergybusiness,theCompanywillworktobealeadingplayerinR&Dofproductandachieveindustrialization.Withregardtothehigh-techparkbusiness,theCompanywilltrytodevelopbenchmarksamplesfortheoperationofthehigh-techparks,andformtheproductbrand.(V)SticktoleanmanagementIn2023,theCompanywilltakeastrategicviewinstrengtheningwhole-stuff,whole-processandall-roundleanmanagement,andenablethisconcepttorunthroughthewholeprocessandthewholeelementofdailyworksoastoreleasemanagementeffectiveness.First,theCompanywillestablishanall-roundleanbudgetmanagementsystem.Guidedbytheprincipleof“efficiency,accuracy,andimplementability”,itwillachievetheannualbusinessobjectivesdrivenbythebudget;second,itwillpromotecostreductionandefficiency.With“supplychainreshapingandrebuilding,procurementmanagementimprovement,digitalsupplychainconstructionandenhancement”asthecore,itaimstorealizethetransformationofall-roundqualityandefficiencyofsupplychainmanagement.Third,theCompanywillimprovetheleanqualityofcostmanagement.Specifically,itwillworktomakefinecostbudget,analyzecostmanagement,detailenergysavingandconsumptionreduction,andpromotecostcontrolandefficiencyincreaseforall.Therefore,itcanpourresourcesintothemainbusinesstomaximizecosteffectiveness.Fourth,theCompanywillrevitalizeexistingassetsthatareidleandinefficient,andinnovatemethodsforassetrevitalization.(VI)Businessoperations
1.ConsumerElectronicsIn2023,thekeytasksofthecolorTVbusinessareasfollows:First,intermsofthedomesticcolorTVbusiness,theCompanywillbeorientedtomaximizegrossmargin.Tothisend,itwillreformtheorganizationalsystems,improvethechannelstructure,strengthenbudgetmanagement,increaseefficiencyandaccelerateturnover;second,withrespecttotheoverseassub-division,theCompanywilladheretothestrategyofdevelopinglargescalebusiness,andmakeeffortstomakebreakthroughinindependentbrandsandoverseasOEMbusiness;third,regardingthemanufacturingbusiness,theCompanywillactivelydevelopstrategiccustomers.Meanwhile,itwill
KonkaGroupCo.,Ltd.AnnualReport2022
buildthemarket-orientedcompetitionmechanismofitsownproductOEMbusiness,benchmarkitselfagainstleadingenterprises,promotecostreduction,andfocusoncapacityenhancement.Inthisway,themanufacturingbusinesswillplayacriticalroleintheCompany.In2023,thekeytasksofthewhitegoodssub-divisionareasfollows:First,theCompanywilldriveforwardsounddevelopmentofthewhitegoodsbusiness,andcontinuetoexpandthisbusiness;second,theCompanywillworktoincreasetheOEMandoverseaschannels;third,itwilladoptproduct-orientedoperationstrategywhileenhancingthecapabilityofcreatinghigh-endandhigh-marginproducts.In2023,thekeytasksofmobileinternetsub-divisionareasfollows:First,theCompanywillfocusoninternationalmarketandtakestrongmeasurestoexpandthismarket;second,itwillexpandproductlinebyleveragingitsoverseasadvantage,andrealizechannelreuseofmultipleproductlines.
2.SemiconductorTechnologyIn2023,thekeytasksofthesemiconductorsub-divisionareasfollows:First,theCompanywillsteerthemanagementorientation,organizationalstructureandassessmentsystemofMicroLEDbusinessfromresearchanddevelopment-orientedtowardmarket-orientedmode,andmakeeffortstofollowmarketrules,developlarge-scalebusinesstogainprofitonthebasisofindustrializationIn2023,thekeytasksofthePCBsub-divisionareasfollows:First,theCompanywillrealizehigh-endproductsbyputtingnewplantsintoproduction;second,theCompanywillachievehigh-endproductiontechniquethroughcapabilityimprovement;third,theCompanywilltakeactivemeasurestoexplorecustomersthatplayadecisiveroleinitslong-termdevelopmentandsupportstableoperation.In2023,thekeytasksoftheindustrialandtradetechnologybusinessareasfollows:First,theCompanywilltakeactiontoreduceinventoryandreceivable;second,itwillmakecleartheindustrialandtradetechnologybusinessmodeanditspartners,andalsoreshapeitsbusinessprocesstoincreasegrossmargin.
3.EnvironmentalProtectionandNewEnergyIn2023,thekeytasksoftheenvironmentalprotectionandnewenergybusinessareasfollows:First,theCompanywillexpandnewenergybusinessthroughcapital;second,basedonsustainabledevelopment,theCompanywillpromotethetransformationofexistingenvironmentalprotectionbusinessmodel.
4.TechnologyParkIn2023,thekeytasksofthetechnologyparksub-divisionareasfollows:First,theCompanywillexplorenewprojectstolayafoundationforsustainabledevelopmentofthetechnologyparksub-division;second,theCompanywillfurtherreducethestockprojects;third,onthebasisofheadquarterseconomyandasset-lightstrategy,theCompanywillalsopromotetheinnovationofthe
KonkaGroupCo.,Ltd.AnnualReport2022
profitmodeloftheparks.Inthisway,itcanachievediversifiedexpansionmodelsandprofitmodelsoftheparks.
5.InvestmentSub-DivisionIn2023,thekeytasksofindustrialinvestmentsub-divisionareasfollows:First,theCompanywillenhancetheexpansionandreservesofnewprojects;second,theCompanywillfastentheimplementationofthedecreaseandwithdrawalofinvestedprojectsandfund,andpromotethewithdrawalofcashflow.In2023,thekeytasksofventurecapitalsub-divisionareasfollows:First,theCompanywillworktoobtainthequalificationofstate-levelincubatorsandbuildplatformfortechinnovation;second,theCompanywillacceleratethetransitiontoacommercialrealestateoperatormode.XIICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviews
√Applicable□Notapplicable
Date | Place | Wayofcommunication | Typeofcommunicationparty | Communicationparty | MaindiscussionsandmaterialsprovidedbytheCompany | Indextomaininformationcommunicated |
15April2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Earningscommunicationconference | Individual | Investorsparticipatinginthe2021AnnualResultsPresentationofKonkaGroupCo.,Ltd.viatheShenzhenStockExchangeInteractionEasywebsite(http://irm.cninfo.com.cn) | RecordFormforInvestorRelationsActivities(No.:2022-01) | http://www.cninfo.com.cn/new/index |
18May2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | LvMeng,ZhangShaopeng(ShenzhenRunfanInvestmentCo.,Ltd.) | RecordFormforInvestorRelationsActivities(No.:2022-02) | |
23May2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Institution | HanTing(InvescoGreatWallFundManagement) | RecordFormforInvestorRelationsActivities(No.:2022-03) | |
24May2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Institution | LiPeiyao(XingruiAsset) | RecordFormforInvestorRelationsActivities(No.:2022-04) | |
30May2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Institution | ZhangRuxiang(GuanglongInvestment) | RecordFormforInvestorRelationsActivities(No.:2022-05) | |
31May2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Institution | LinZunying(HaitangCapital) | RecordFormforInvestorRelationsActivities(No.:2022-06) |
KonkaGroupCo.,Ltd.AnnualReport2022
13June2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Institution | LiuXiaoyu(FirstCapitalSecurities) | RecordFormforInvestorRelationsActivities(No.:2022-07) |
28June2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | LiaoZelue(ShenzhenElitimesCapitalManagementCo.,Ltd.) | RecordFormforInvestorRelationsActivities(No.:2022-08) |
4July2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Institution | SunLei(NuoshengQianhai) | RecordFormforInvestorRelationsActivities(No.:2022-09) |
25August2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | TangzhouYingzi(ChinaInternationalCapitalCorporationLimited),HeJialin(KaiFengInvestment),MaQiwen(FirstStateCindaFund) | RecordFormforInvestorRelationsActivities(No.:2022-10) |
19September2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | ChenWeiqi,ZouHuiyang(GuosenSecurities) | RecordFormforInvestorRelationsActivities(No.:2022-11) |
9November2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Individual | InvestorsparticipatingintheKonkaGroupCo.,Ltd.2022CollectiveReceptionDayofListedCompaniesofShenzhenDistrictsviatheQuanjingRoadshowwebsite(http://rs.p5w.net/) | RecordFormforInvestorRelationsActivities(No.:2022-12) |
6December2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Roadshow | Institutionandindividual | LiJunhui(ShenwanHongyuanSecurities),LiangXing(XiaozhongCapital),YangHui(SaishuoFund),ChenXue(YuhongAssetManagement),ZhouChengdong(ZhuochengInvestment),TanShuai(GuochuangUnitedBank),ZhangBengeng(ZhongguangShengtong),ZhaoYueyang(individualinvestor) | RecordFormforInvestorRelationsActivities(No.:2022-13) |
13December2022 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Institution | MaWangjie(ChinaSecurities) | RecordFormforInvestorRelationsActivities(No.:2022-14) |
KonkaGroupCo.,Ltd.AnnualReport2022
PartIVCorporateGovernanceIGeneralInformationofCorporateGovernanceIntheReportingPeriod,strictlyinaccordancewiththeCompanyLaw,SecuritiesLawofthePRC,CodeofCorporateGovernanceforListedCompanies,ShareListingRulesofShenzhenStockExchangeandtherelevantrulesandregulationsoftheCSRC,theCompanytimelyamendedtheinternalcontrolsystemssuchastheArticlesofAssociationandAdministrativeMethodonProvisionofExternalFinancialAidsaswellasManagementSystemonInvestorsRelationship,continuouslyperfectedthecorporategovernancestructureandstandardizedtheCompany’soperation.BytheendoftheReportingPeriod,theactualconditionsofcorporategovernancebasicallymettherequirementsoftheregulatorydocumentsinrespectofcorporategovernancestructureoflistedcompaniesissuedbyCSRC.(I)ShareholdersandtheShareholders’GeneralMeetingTheCompanydrewupArticlesofAssociationandRulesforProcedureofShareholders’GeneralMeeting,ensuredthatallshareholders,inparticularmediumandminorshareholders,enjoylegalrightsandequalstandard.IntheReportingPeriod,theCompanywasabletopublishannouncementonShareholders’GeneralMeetingsinadvance,convenedShareholders’GeneralMeetingwithstrictlyaccordancetorelevantrequirements,soastoenabletheshareholdershavetheirrightsofinformationtotheCompany’smaterialissuesandtheparticipationrights.In2022,theCompanyconvenedsevenShareholders’GeneralMeetingintotal.TheCompanyseriouslydidwelltheregistration,arrangementandorganizationworkfortheShareholders’GeneralMeetingbeforethecircularonconveningtheShareholders’GeneralMeetingbeingpublishedatthedesignatedmedia.TheCompanyconvenedtheShareholders’GeneralMeetingattheofficeaddressoftheCompanystrictlyinlinewithrelevantstipulations,whichwasconvenientintraffic,andtheshareholderscouldattendthesessioninaccordancewiththeiractualsituation.TheCompany’sdirectors,supervisorsandseniormanagementstaffsmadeexplanationsanddescriptionfortheshareholders’questionsandadvicesatthesession.(II)ControllingshareholderandtheCompanyIntheReportingPeriod,thecontrollingshareholdersandactualcontrollersstrictlyregulateditsbehaviorandcompliedwithlawsinexercisingtheirrightsandobligations,notbypassedtheShareholders’GeneralMeetingtointerveneintheCompany’sdecisionsandoperationsdirectlyorindirectly.TheCompanywasseparatedfromthecontrollingshareholdersandactualcontrollersinaspectsofitsbusiness,personnel,assets,organandfinance,theBoardofDirectors,SupervisoryCommitteeandtheinternaldepartmentsoftheCompanyfunctionedindependently.
KonkaGroupCo.,Ltd.AnnualReport2022
(III)DirectorsandtheBoardofDirectorsThenumberandstructureoftheBoardBureauoftheCompanywereincompliancewithlawsandregulations.TheCompanydrewupRulesforProceduresoftheBoardBureau,soastoensureahighefficientoperationandscientificdecision-makingoftheBoardBureau;theCompanyhassetupIndependentDirectorSystemandengagedthreeindependentdirectors.IntheReportingPeriod,thenumberofdirectorsandcompositionoftheBoardofDirectorsoftheCompanyaswellastheprocedureofselectionwasinaccordancewiththerequirementsoftherulesandlawsaswellasArticlesofAssociation.TheCompanysetupfourspecialcommittees,whichwereFinancialAuditCommittee,NominationCommittee,Remuneration&AppraisalCommittee,StrategyCommitteetoprovideprofessionopinionforthedecisionoftheBoardofDirectors.Allthedirectorscarriedouttheirwork,fulfilledtheirdutiesandscrupulouslyattendedtheBoardsessionsinaccordancewithRulesofProcedurefortheBoardofDirectors,RulesforIndependentDirectors,etc.14BoardsessionswereconvenedbytheCompanyduringtheReportingPeriod,whichbroughtthedecision-makingmechanismoftheBoardofDirectorsintofullplay.(IV)SupervisorsandsupervisorycommitteeTheCompanyhasestablishedRulesforProceduresoftheSupervisoryCommittee,personsandstructureoftheSupervisoryCommitteewasinlinewithrelevantlawsandstatutes,supervisorscanearnestlyperformtheirresponsibilities,independentlyandefficientlyexecutedsupervisionandcheckresponsibilitieswithaspiritofbeingresponsibletoshareholders.IntheReportingPeriod,thenumberofsupervisorsandcompositionoftheSupervisoryCommitteeoftheCompanyaswellastheirselectingprocedurecompliedwiththelaws,regulations.InaccordancewiththerequirementoftheRulesofProcedureforSupervisoryCommittee,thesupervisorsperformedtheirdutiesinanearnestandresponsiblemanner,andexercisedtheirfunctionsofsupervisiononthedecision-makingprocedureoftheBoardofDirectors,resolutionsandtheCompany’soperationbylaw,andtookeffectivesupervisionovertheCompany’ssignificantevents,relatedtransactions,financialposition,aswellasthelegalityandcomplianceondutyperformancebythedirectors,presidentandotherseniormanagementmembers.(V)PerformanceAppraisalandIncentive&RestrictiveMechanismTheseniormanagementstaffsoftheCompanywererecruitedonanopenbasisandincompliancewiththelawsandregulations.TheCompanyhasestablishedandgraduallyimprovedtheperformanceappraisalstandardsandincentive&restrictivemechanismforseniormanagementstaffs,soastoattractqualifiedpersonnel,andensurethestabilityofseniormanagementstaffs.(VI)InterestedpartiesDuringtheReportingPeriod,theCompanyfullyrespectedandmaintainedthelegalrightsoftheinterestedparties,andrealizedthebalanceofinterestamongthepartiessuchassociety,shareholdersandemployees,etc.Meanwhile,theCompanyprotectedtherightsoftheemployees,
KonkaGroupCo.,Ltd.AnnualReport2022
promotedtheenvironmentalprotection,andactivelyjoinedinthesocialbenefitandcharitablecausesoastojointlypromotesustainableandhealthydevelopment.(VII)InformationdisclosureandtransparencyTheCompanyformulatedtheManagementSystemforInvestorRelationsandtheManagementSystemforInformationDisclosureandtheRulesonImplementationforInformationDisclosureCommittee.AndtheCompanydesignatedspecially-assignedpersontotakechargeoftheinformationdisclosure,anddesignatedspecializeddepartmenttoberesponsibleforthereceptionofshareholdersandconsultation,activelycarryingouttheworkforinvestorrelationsmanagementtoensureequalaccesstoinformationforallshareholders.TheCompanystrictlycompliedwiththerequirementsofthelaws,regulationsandtheArticlesofAssociationtodiscloseitsinformationasrequiredbytherelevantregulationsonantimely,honest,completeandaccuratebasis,toensuretheaccurateandtimelyinformationdisclosure,whileensureequalaccesstoinformationforallshareholders.(VIII)Non-standardgovernance
1.Typeofnon-standardgovernancematterexistedTherewasasituationthattheCompanydisclosedundisclosedinformation.
2.TypesandcycleofundisclosedinformationprovidedtotheprincipalshareholderTheCompanyprovidedmonthlyfinancialdatatotheprincipalshareholder.
3.Reasonsfortherelatednon-standardgovernanceexistedTheCompanysubmittedtheundisclosedinformationsuchasmonthlyfinancialdatatothesubstantialshareholderdirectlyadministratedbytheState-ownedAssetsSupervisionandAdministrationCommissionofStateCouncilinaccordancewiththemanagerialdemandofSASAC.
4.ImpactonCompanyindependenceAftertheself-inspection,theCompanykeptstrictlytotherequirementsof“NoticeonStrengtheningtheSupervisionofListedCompany’sProvisionofNon-publicInformationtoSubstantialShareholdersandActualControllers”,and“SupplementaryNoticeConcerningStrengtheningtheSupervisionoftheNon-standardGovernanceBehaviorofListedCompany'sProvisionofNon-publicInformationtoSubstantialShareholdersandActualControllers”,whilestringentlyperformedthenecessaryprocedures.Thereexistednocircumstancesofsubstantialshareholder’sabuseofcontrolanddisclosureofundisclosedinformationforinsidertrading,andhence,ithasnoimpactontheindependenceoftheCompany.(IX)Developmentofcompany’sspecialgovernanceactivity,formulationandimplementationofregistrationandmanagementsystemfortheinsiderofinsideinformation
1.EstablishmentandperfectionofmanagementsystemfortheinsiderofinsideinformationTofurtherstandardizethecompany’sinsideinformationmanagementbehavior,strengthenthe
KonkaGroupCo.,Ltd.AnnualReport2022
company’sinsideinformationconfidentialwork,andmaintainthefairprincipleofinformationdisclosure,theCompanyestablishedInsideInformationandInsiderManagementSysteminKonkaGroupCo.,Ltd.TheCompanystrictlyimplementsthesystemintheinformationdisclosurework,meanwhile,carefullyimplementstheCompany’sinsideinformationandinsiderregistrationandmanagementmethod,registerstheinsiderofinsideinformation,andreporttoShenzhenStockExchangeandShenzhenSecurityRegulatoryBureauaccordingtotheprovision.TheCompanyconductedthespecialinspectionontheinsideinformationmanagementduringtheoccurrenceofmajoreventin2022andtheannualreportin2022.Aftertheinspection,theCompanyactuallyrealizedthattheinsiderofinsideinformationstrictlykepttheconfidentialprovision,didnotdisclose,divulgeandspreadtheCompany’sinsideinformationtotheoutside,theinsiderofinsideinformationdidnotbuyandselltheCompany’ssharewiththeinsideinformationbeforedisclosingthemajorsensitiveinformationinfluencingtheCompany’sshareprice,therewasnoinvestigationandrectificationfromtheregulatorydepartmentduringtheediting,reviewanddisclosureofregularreportandmajorevent.ManagementRulesforInsideInformationandInsiderManagementSystemofKonkaGroupCo.,Ltd.wasimplementedinplaceandcontrolledeffectively.
2.Establishmentandimplementationofexternalinformationuser’smanagementsystemTostrengthenthemanagementonthereportingofCompany’sinsideinformation,theCompanyestablishesInsideInformationReportingManagementSystem,andprescribestheinsideinformationreportingrange,reportingprocedure,responsibilitydivisionandothermattersaccordingtoSecurityLawinPeople’sRepublicofChina,InformationDisclosureManagementMethodinListedCompany,InsideInformationandInsiderManagementSysteminKonkaGroupCo.,Ltd.andotherrelatedprovisionsinthelaws,regulationsandregulatorydocuments.TheCompanyconductedthespecialinspectionontheinsideinformationreportingstatusduringtheoccurrenceofmajoreventin2022andtheannualreportin2022.Aftertheinspection,theCompany’sinsideinformationreportingstatuscomplieswiththerequirementsinInsideInformationReportingManagementSystem.InsideInformationReportingManagementSystemwasimplementedinplaceandcontrolledeffectively.Indicatebytickmarketwhetherthereisanymaterialincompliancewithlaws,regulationsandprovisionsissuedbytheCSRCgoverningthegovernanceoflistedcompanies.
□Yes√NoNosuchcasesintheReportingPeriod.IITheCompany’sIndependencefromItsControllingShareholderandActualControllerinBusiness,Personnel,Asset,OrganizationandFinancialAffairsDuringtheReportingPeriod,thecompanywasfullyseparatedfromthecontrollingshareholdersintermsofbusiness,staff,assets,organs,andfinance,whichownedindependentlegalrepresentativeandmainstatusinmarketcompetitionandhadindependentaccounting,aswellaspossessed
KonkaGroupCo.,Ltd.AnnualReport2022
completebusinessandtheabilityofindependentoperationtofacethemarket.(I)Business:theCompanyownedcompletesupply,R&D,productionandsalessystem,possessedabilityofindependentoperationtofacethemarketbyindependentoperation,independentaccounting&decision-making,independentbearingresponsibility&risks,didn’tsubjecttotheinterferenceandcontrolofthecontrollingshareholders,actualcontrolleranditscontrolledenterprises.(II)Staff:theCompanywasindependentofthecontrollingshareholderwithrespecttolabor,personnelandsalariesmanagement.TheCompanyownedindependentteamofstaffs,theseniormanagementstaff,financialpersonnelandbusinesspersonnelreceivedtheirremunerationsintheCompany,andtheywerefull-timestaffsoftheCompanywithoutholdinganypost,exceptdirectorsandsupervisors,inshareholders’unitsorotherrelatedenterprises.(III)Assetsintegrity:theCompanyhadproductionandoperationpremisescompletelyseparatedfromthecontrollingshareholder,andtheunaffiliatedandintegralassetsstructure,aswellastheindependentproductionsystem,ancillaryproductionsystem,theancillaryfacilities,housepropertyrightandotherassets,whichalsopossessedindependentprocurementandsalessystem.(IV)Organ:theCompanyhaditsownfunctionalorgansadaptingtotheneedsofself-developmentandmarketcompetitiveness,allthefunctionalorganswereseparatedfromeachotherinaspectsofpersonnel,officepremisesandmanagementrules,etc.,thereexistednoparticularsaboutanyshareholders,otherunitsorindividualsinterferingtheorgansettingoftheCompany.(V)Finance:theCompanyestablishedanindependentfinancedepartmentwithfull-timefinancialpersonnelandanindependentfinanceandaccountingsystem,andindependentlycarriedoutthefinancialworkinlinewithrequirementsofrelevantaccountingrules;theCompanypromulgatedsoundfinancialmanagementsystemtooperateindependentlywithoutsharingcommonaccountswiththecontrollingshareholder,relatedenterprise,otherunitsorindividual;theCompanyindependentlydeclaredandpaidthetaxbylawswithoutparticularsonpayingtaxestogetherwithshareholders’units.IIIHorizontalCompetition
□Applicable√NotapplicableIVAnnualandSpecialGeneralMeetingsConvenedduringtheReportingPeriod
1.GeneralMeetingConvenedduringtheReportingPeriod
Meeting | Type | Investorparticipationratio | Dateofthemeeting | Disclosuredate | Meetingresolutions |
The1stExtraordinaryGeneralMeetingof2022 | ExtraordinaryGeneralMeeting | 24.2123% | 22March2022 | 23March2022 | Resolutionsofthe1stExtraordinaryGeneralMeetingof2022 |
The2021AnnualGeneralMeeting | AnnualGeneralMeeting | 24.1901% | 25April2022 | 26April2022 | Resolutionsofthe2021AnnualGeneralMeeting |
The2ndExtraordinaryGeneralMeetingof2022 | ExtraordinaryGeneralMeeting | 24.4254% | 16May2022 | 17May2022 | Resolutionsofthe2ndExtraordinaryGeneralMeetingof2022 |
KonkaGroupCo.,Ltd.AnnualReport2022
The3rdExtraordinaryGeneralMeetingof2022 | ExtraordinaryGeneralMeeting | 24.4426% | 27June2022 | 28June2022 | Resolutionsofthe3rdExtraordinaryGeneralMeetingof2022 |
The4thExtraordinaryGeneralMeetingof2022 | ExtraordinaryGeneralMeeting | 24.5327% | 25July2022 | 26July2022 | Resolutionsofthe4thExtraordinaryGeneralMeetingof2022 |
The5thExtraordinaryGeneralMeetingof2022 | ExtraordinaryGeneralMeeting | 24.5474% | 14November2022 | 15November2022 | Resolutionsofthe5thExtraordinaryGeneralMeetingof2022 |
The6thExtraordinaryGeneralMeetingof2022 | ExtraordinaryGeneralMeeting | 24.5216% | 23December2022 | 24December2022 | Resolutionsofthe6thExtraordinaryGeneralMeetingof2022 |
2.SpecialGeneralMeetingsConvenedattheRequestofPreferredShareholderswithResumedVotingRights
□Applicable√NotapplicableVDirectors,Supervisors,SeniorManagementandStaff
1.BasicInformation
Name | Officetitle | Incumbent/Former | Gender | Age | Startoftenure | Endoftenure | Beginningshareholding(share) | IncreaseintheReportingPeriod(share) | DecreaseintheReportingPeriod(share) | Otherincrease/decrease(share) | Endingshareholding(share) | Reasonforchange |
LiuFengxi | Director,ChairmanoftheBoard | Incumbent | Male | 52 | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 | |
YaoWei | Director | Incumbent | Male | 48 | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 | |
ZhouBin | Director | Incumbent | Male | 44 | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 | |
YeXingbin | Employeedirector | Incumbent | Male | 53 | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 | |
LiuJian | Independentdirector | Incumbent | Male | 57 | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 | |
WangShuguang | Independentdirector | Incumbent | Male | 52 | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 | |
DengChunhua | Independentdirector | Incumbent | Female | 60 | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 | |
CaiWeibin | Supervisor,chairm | Incumbent | Male | 50 | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 |
KonkaGroupCo.,Ltd.AnnualReport2022
IndicatebytickmarkwhetheranydirectorsorsupervisorsleftoranyseniormanagementweredisengagedduringtheReportingPeriod
√Yes□NoDuringtheReportingPeriod,theformerdirectoroftheCompanyMr.LiZhengresignedthepostof
anoftheSupervisoryCommittee | ||||||||||||
YangGuobin | Supervisor | Incumbent | Male | 54 | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 | |
LiJun | Employeesupervisor | Incumbent | Male | 52 | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 | |
ZhouBin | President | Incumbent | Male | 44 | 27March2020 | 27March2023 | 0 | 0 | 0 | 0 | 0 | |
CaoShiping | Executivevicepresident | Incumbent | Male | 45 | 23August2022 | 27March2023 | 0 | 0 | 0 | 0 | 0 | |
LiHongtao | Vicepresident | Incumbent | Male | 55 | 27March2020 | 27March2023 | 0 | 0 | 0 | 0 | 0 | |
WuYongjun | BoardSecretary | Incumbent | Male | 48 | 27March2020 | 27March2023 | 0 | 0 | 0 | 0 | 0 | |
LiChunlei | CFO | Incumbent | Male | 50 | 27March2020 | 27March2023 | 0 | 0 | 0 | 0 | 0 | |
YangBo | Vicepresident | Incumbent | Male | 53 | 27March2020 | 27March2023 | 0 | 0 | 0 | 0 | 0 | |
LinHongfan | Vicepresident | Incumbent | Male | 52 | 1June2022 | 27March2023 | 0 | 0 | 0 | 0 | 0 | |
LiZheng | Director | Former | Male | 45 | 1November2021 | 28February2022 | 0 | 0 | 0 | 0 | 0 | |
SunQingyan | Vicepresident | Former | Male | 51 | 27March2020 | 28February2022 | 26,000 | 0 | 6,500 | 0 | 19,500 | Reductionthroughcentralizedbidding |
SunShengdian | Independentdirector | Former | Male | 68 | 3December2018 | 25July2022 | 0 | 0 | 0 | 0 | 0 | |
Total | 26,000 | 0 | 6,500 | 0 | 19,500 |
KonkaGroupCo.,Ltd.AnnualReport2022
directorforjobarrangement,andtheformervicepresidentoftheCompanyMr.SunQingyanresignedthepostofvicepresidentforjobchanges.ChangeofDirectors,SupervisorsandSeniorManagement
√Applicable□Notapplicable
Name | Officetitle | Typeofchange | Dateofchange | Reasonforchange |
LiuFengxi | Director | Appointed | 25July2022 | ElectedasDirectorbytheshareholders’meeting |
LiuFengxi | ChairmanoftheBoard | Appointed | 25July2022 | ElectedasChairmanoftheBoardbytheBoard |
YaoWei | Director | Appointed | 25July2022 | ElectedasDirectorbytheshareholders’meeting |
ZhouBin | Director | Appointed | 25July2022 | ElectedasDirectorbytheshareholders’meeting |
YeXingbin | Director | Appointed | 21March2022 | ElectedasDirectorbytheshareholders’meeting |
YeXingbin | Employeedirector | Appointed | 25July2022 | ElectedasEmployeeDirectorbythecongressofworkersandstaff |
LiuJian | Independentdirector | Appointed | 25July2022 | ElectedasIndependentDirectorbytheshareholders’meeting |
WangShuguang | Independentdirector | Appointed | 25July2022 | ElectedasIndependentDirectorbytheshareholders’meeting |
DengChunhua | Independentdirector | Appointed | 25July2022 | ElectedasIndependentDirectorbytheshareholders’meeting |
CaiWeibin | Supervisor | Appointed | 25July2022 | ElectedasSupervisorbytheshareholders’meeting |
CaiWeibin | ChairmanoftheSupervisoryCommittee | Appointed | 25July2022 | ElectedasChairmanoftheSupervisoryCommitteebytheSupervisoryCommittee |
YangGuobin | Supervisor | Appointed | 25July2022 | ElectedasSupervisorbytheshareholders’meeting |
LiJun | Employeesupervisor | Appointed | 25July2022 | ElectedasEmployeeSupervisorbythecongressofworkersandstaff |
CaoShiping | Executivevicepresident | Appointed | 24August2022 | AppointedbytheBoard |
LinHongfan | Vicepresident | Appointed | 1June2022 | AppointedbytheBoard |
LiZheng | Director | Left | 28February2022 | Resignedforjobarrangement |
SunQingyan | Vicepresident | Left | 28February2022 | Resignedforjobchanges |
SunShengdian | Independentdirector | Leftforexpirationofthetermofoffice | 25July2022 | ExpirationofthetermofofficefortheBoard |
2.BiographicalInformationProfessionalbackgrounds,majorworkexperienceandcurrentdutiesintheCompanyoftheincumbentdirectors,supervisorsandseniormanagement:
1.DirectorLiuFengxi,male,ethnicgroupofHan,bornin1971,wastheChairmanoftheBoardwithamasterdegree.HeonceworkedasthemarketingGMforthemulti-mediadivisionofKonkaGroup,AssistantGMandthenViceGMofShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd.,
KonkaGroupCo.,Ltd.AnnualReport2022
ChiefoftheOperationManagementCenterofKonkaGroup,AssistanttoPresident,VicePresident,President,SecretaryofthePartyCommittee,CEOandChairmanoftheBoardofKonkaGroup,ViceGMandthememberoftheStandingCommitteeofOCTGroup,GM,SecretaryofthePartyCommitteeandChairmanoftheBoardofShenzhenHuakangChuangzhanTechnologyHoldingGroupCo.,Ltd.,ExecutiveDirectorandChairmanoftheBoardofOCTNorthInvestmentCo.,Ltd.etc.AndnowheisactingastheDeputySecretaryofthePartyCommittee,Director,GMofOCTGroup,DeputyChairmanoftheBoardandDeputySecretaryofCPCofShenzhenOverseasChineseTownCo.,Ltd.,andtheBoardChairmanofKonkaGroup.YaoWei,Director,male,ethnicgroupofHan,bachelordegree,wasbornin1975.HeonceservedasChiefAccountantinCGNWindPowerCo.,Ltd.,ChiefAccountantinCGNNewEnergyHoldingsCo.,Ltd.,ViceGM(incharge)ofFinancialDepartment,GMofFinancialDepartment,GMofFinanceandAssetManagementDepartmentinChinaGeneralNuclearPowerCorporation.Currently,heactsasthedirectorofChinaEverbrightBankCo.,Ltd.,thememberoftheStandingCommitteeandChiefAccountantinOverseasChineseTownHoldingsCompanyandDirectorofKonkaGroup.ZhouBin,male,ethnicgroupofHan,bornin1979,wastheCEO,directorandpresidentoftheCompanywithabachelordegree.Heonceservedasthedirectorassistant,deputydirectoranddirectorinOperatingManagementCenterinKonkaGroup,assistantofthepresidentintheBoardofDirectors&DirectorinOperatingManagementCenterinKonkaGroupandPresidentofKonkaGroup.Now,heactsastheChairmanofShenzhenKonkaInvestmentHoldingsCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.andDirector,SecretaryofthePartyCommitteeandPresident&CEOinKonkaGroup.YeXingbin,male,HanChinese,bornin1970,wastheEmployeeDirectoroftheCompanyandholdsabachelor'sdegree.HepreviouslyservedasaSpecialDirectorattheOverseasChineseTownHoldingsCompany(OCTGroup),andwasamemberoftheStandingCommitteeoftheQiandongnanPrefectureofGuizhouProvince,theDeputyGovernorofthePrefectureGovernment,theDirectorofShenzhenHuakangChuangzhanTechnologyHoldingGroupCo.,Ltd.,andtheDeputyPartySecretaryofthePartyCommitteeandDirectorofKonkaGroup.HeiscurrentlyservesastheViceChairmanoftheFederationofTradeUnionsCommitteeofOverseasChineseTownHoldingsCompany,DeputyPartySecretaryofthePartyCommittee,ChairmanoftheLaborUnionandEmployeeDirectorofKonkaGroup.
2.IndependentDirector
KonkaGroupCo.,Ltd.AnnualReport2022
Mr.LiuJian,IndependentDirector,isaHanChinesemanbornin1966andholdsamaster'sdegree.HisnotableprofessionalexperiencesincludehavingservedasaneditorattheForeignEconomicandTradeUniversityPressandtheChinaBusinessTimes,andalsoasanindependentdirectoratWuhanTianyuanEnvironmentalProtectionCo.,Ltd.andHisenseVisualTechnologyCo.,Ltd.Inhiscurrentcapacity,Mr.LiuJianholdsvariouspositionsindifferentorganizations.HeservesasthechiefeditorandpresidentoftheEconomicObserverNewspaper,presidesovertheBeijingJingguanCulturalMediaCo.,Ltd.asitschairman,andfunctionsasadirectorandgeneralmanagerof
ShandongEconomicObserverNewspaperMediaCo.,Ltd.Additionally,hetakesontheroleofan
executivedirectoratBeijingJingguanAdvertisingManagementCo.,Ltd.,andoperatesasanindependentdirectorofboththeFounderTechnologyGroupCorporationandKonkaGroup.WangShuguang,IndependentDirector,male,ethnicgroupofHan,wasbornin1971withadoctoraldegree.HeservedasIndependentDirectorofYantaiRuralCommercialBank,JinanRuralCommercialBank,NingboYuyaoRuralCommercialBankandSDICZhonglu,andExternalSupervisorandConveneroftheBoardofSupervisorsofIndustrialBankCo.,Ltd.Currently,heservesasProfessorandDoctoralSupervisorintheSchoolofEconomicsofPekingUniversity,ExecutiveDeputyDirectoroftheInstituteforCulturalIndustries,PekingUniversityandIndependentDirectorofKonkaGroup.DengChunhua,IndependentDirector,female,ethnicgroupofHan,bornin1963withamasterdegreeofmanagement,accountingprofessorandaCertifiedPublicAccountantinChina(non-practicingmember).SheservedasChiefAccountantandProjectManagerofWUYIGECertifiedPublicAccountsLLP.ShehasbeenteachingintheSchoolofAccountingofZhongnanUniversityofEconomicsandLawasAssistantLecturer,Lecturer,AssociateProfessorandProfessor.Currently,sheservesasaMasterTutorandProfessorintheSchoolofAccountingofZhongnanUniversityofEconomicsandLaw,theIndependentDirectorofZhejiangGoldenseaHiTechCo.,Ltd,ZhejiangJinkeTomCultureIndustryCo.,Ltd.,WolongElectricGroupCo.,Ltd.,ZhejiangYouchuangMaterialTechnologyCo.,Ltd.andKonkaGroup.
3.SupervisorCaiWeibin,ChairmanoftheSupervisoryCommittee,male,ethnicgroupofHan,Master’sDegree,wasbornin1973.HeonceservedasviceGM,deputysecretaryofthePartyCommitteeandSecretaryofCommitteeforDisciplineInspectioninChongqingOCTIndustryDevelopmentCo.,Ltd.ViceMinisterofDisciplineInspectionandSupervisionandDirectoroftheDisciplineInspectionOfficeinOverseasChineseTownHoldingsCompanyCurrently,heactsasGMofLegalComplianceDepartmentinOverseasChineseTownHoldingsCompanyandChairmanofthe
KonkaGroupCo.,Ltd.AnnualReport2022
SupervisoryCommitteeofKonkaGroup.YangGuobin,Supervisor,male,wasbornin1969,Bachelor’sDegree,CertifiedPublicAccountant.HeservedasDeputyDirectoroftheFinanceDepartmentofOCTGroup,CFOofKonkaGroupandDeputyDirectoroftheCorporateManagementDepartmentofOCTGroup.Currently,heservesasafull-timeDirectorinOCTGroupandSupervisorofKonkaGroup.LiJun,male,ethnicgroupofHan,bornin1971,wasanemployeesupervisoroftheCompanywithabachelordegree.FormerlyworkedastheSeniorManageroftheFinancialDepartmentinShenzhenTelecommunicationsTechnologyCo.,Ltd.,theSeniorManagerandassistanttothechiefanddeputydirectorofAuditingandLegalAffairsDepartmentinKonkaGroup,OfficeDirectorofdisciplineinspectioncommissionofKonkaGroup,andemployeesupervisorofKonkaGroup.PresentlyworkingasthedeputysecretaryofdisciplineinspectioncommissionofKonkaGroup,GeneralCounsel,ChiefoftheAuditingandLegalAffairsDepartmentandEmployeeSupervisorofKonkaGroup.
4.SeniorExecutiveZhouBin,male,ethnicgroupofHan,bornin1979,wasthedirectorandpresidentoftheCompanywithabachelordegree.Heonceservedasthedirectorassistant,deputydirectoranddirectorinOperatingManagementCenterinKonkaGroup,assistantofthepresidentintheBoardofDirectors&DirectorinOperatingManagementCenterinKonkaGroupandPresidentofKonkaGroup.Now,heactsastheChairmanofShenzhenKonkaInvestmentHoldingsCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.andDirector,SecretaryofthePartyCommitteeandPresident&CEOinKonkaGroup.CaoShiping,male,Hannationality,bornin1978,wastheexecutivevicepresidentoftheCompanywithamasterdegree.OnceservedastheGMinJinzhouBranchandTianjinBranchofKonkaGroupMulti-media,GMinMulti-mediaBusinessDivisionCustomerCooperationDepartment,viceGMinMulti-mediaMarketingBusinessDivision,viceGMinMulti-mediaBusinessDivisionandGMinMarketingCenter,GMinMulti-mediaBusinessDivision,GMinInternetBusinessDivisionandvicepresidentofKonkaGroup.NowheactsastheexecutivevicepresidentinKonkaGroup.LiHongtao,male,Hannationality,bornin1968,wasthevicepresidentoftheCompanywithabachelordegree.HesuccessivelytookthepostsuchasAssistanttoGM,GM,ChairmanoftheBoardandGMofShenzhenKonkaTelecommunicationTechnologyCo.,LtdandAssistantto
KonkaGroupCo.,Ltd.AnnualReport2022
PresidentandvicepresidentofKonkaGroupetc.HenowisactingasVicePresidentofKonkaGroup.WuYongjun,male,Hannationality,bornin1975,wastheBoardSecretarywithamasterdegree.FormerlyheworkedastheseniormanagerofSecretariat,assistanttothechief,vicechief,chief,SecuritiesAffairsrepresentativeandBoardSecretaryinKonkaGroup.PresentlyheisworkingasthesecretaryoftheboardofdirectorsofKonkaGroup.LiChunlei,male,Hannationality,bornin1973,wastheCFOoftheCompanywithamasterdegree.OnceservedasthedirectorinRealEstateBusinessDivisioninKonkaGroup,viceGMandGMinKunshanKangshengInvestmentDevelopmentCo.,Ltd.,deputydirector(presidethework)anddirectorinStrategicDevelopmentCenter,GMinFinancialCenterandGMinAssetSettlementCenterandCFOofKonkaGroup.NowheactsastheCFOinKonkaGroup.YangBo,male,Hannationality,bornin1970,wasthevicepresidentoftheCompanywithamasterdegree.OnceservedasthedirectorinShenzhenCableTelevisionEducationFinancialChannel,directorinthemarketsalesandsupportregionofUSTailiyangCommunicationsCompany,GMinProgramOperatingDepartmentinShenzhenTopwayVideoCommunicationCo.,Ltd.,directorandGMinShenzhenTianhuaCenturyMediaCo.,Ltd.,GMinMarketSalesCenterinShenzhenTopwayVideoCommunicationCo.,Ltd.andvicepresidentofKonkaGroup.NowheactsasthevicepresidentinKonkaGroup.LinHongfan,male,Hannationality,bornin1971,wasthevicepresidentoftheCompanywithaMBAdegree.OnceservedastheviceGMinMulti-mediaMarketingBusinessDivisionofKonkaGroup,GMofColorTVStrategyandSupplyChainManagementCenter,executiveviceGMandGMinMulti-mediaBusinessDivisionofKonkaGroup,vicepresidentandpresidentassistantofKonkaGroup.NowheactsasthevicepresidentinKonkaGroup.Officesheldconcurrentlyinshareholdingentities:
√Applicable□Notapplicable
Name | Shareholdingentity | Officeheldintheshareholdingentity | Startoftenure | Endoftenure | Remunerationorallowancefromtheshareholdingentity |
LiuFengxi | OCTGroup | Director,DeputySecretaryofCPC,GM | 21May2021 | Yes | |
LiuFengxi | ShenzhenOverseasChineseTownCo.,Ltd. | DeputyChairmanoftheBoard,DeputySecretaryofCPC | 22June2021 | ||
YaoWei | OCTGroup | PartyCommitteeStandingCommitteeandChiefAccountant | 1July2020 | Yes |
KonkaGroupCo.,Ltd.AnnualReport2022
CaiWeibin | OCTGroup | GMofLegalComplianceDepartment | 1December2020 | Yes | |
YangGuobin | OCTGroup | Full-timedirectorinBoardOffice | 7March2018 | Yes | |
Notes | 1.Excepttheabovesituation,otherdirectors,supervisorsandseniormanagementdidn’tholdanypositionintheshareholders’units.2.ItisunknowntheendingdateofthepostsofMr.LiuFengxi,Mr.YaoWei,Mr.CaiWeibinandMr.YangGuobinheldintheshareholders’units. |
Officesheldconcurrentlyinotherentities:
√Applicable□Notapplicable
Name | Otherentity | Officeheldintheentity | Startoftenure | Endoftenure | Remunerationorallowancefromtheentity |
YaoWei | ChinaEverbrightBankCo.,Ltd. | Director | 5February2021 | ||
LiuJian | TheEconomicObserver | Chiefeditorandpresident | 16April2001 | Yes | |
LiuJian | BeijingEconomicObserverCultureMediaCo.,Ltd. | ChairmanoftheBoard | 25May2018 | ||
LiuJian | ShandongEconomicObserverMediaCo.,Ltd. | Director,GM | 28September2022 | ||
LiuJian | BeijingEconomicObserverBaoguangConsultingManagementCo.,Ltd. | Executivedirector | 14September2020 | ||
LiuJian | FounderTechnologyGroupCo.,Ltd. | Independentdirector | 15November2018 | Yes | |
WangShuguang | SchoolofEconomicsofPekingUniversity | Professor | Yes | ||
WangShuguang | InstituteforCulturalIndustriesofPekingUniversity | Deputydirector | |||
DengChunhua | ZhongnanUniversityofEconomicsandLaw | Professor | Yes | ||
DengChunhua | ZhejiangGoldenseaHiTechCo.,Ltd | Independentdirector | 15May2019 | Yes | |
DengChunhua | ZhejiangJinkeCultureIndustryCo.,Ltd. | Independentdirector | 8July2020 | Yes | |
DengChunhua | WolongElectricGroupCo.,Ltd. | Independentdirector | 7September2020 | Yes | |
DengChunhua | ZhejiangYouchuangMaterialTechnologyCo.,Ltd. | Independentdirector | 27October2020 | Yes | |
Notes | None |
Punishmentsimposedintherecentthreeyearsbythesecuritiesregulatorontheincumbentdirectors,supervisorsandseniormanagementaswellasthosewholeftintheReportingPeriod:
□Applicable√Notapplicable
3.RemunerationofDirectors,SupervisorsandSeniorManagementDecision-makingprocedure,determinationbasisandactualpaymentsofremunerationfordirectors,supervisorsandseniormanagement:
ThesalaryofdirectorsandsupervisorsoftheCompanyshouldbesubmittedtotheshareholdersmeetingforreviewaftertheapprovalandconsentbytheBoardofdirectors.ReferredtothesalaryleveloftheDirectorsandSupervisorofthedomesticlistedcompaniesofsameindustry,thesalaryproposaloftheDirectorandSupervisorsoftheCompanywhichapprovedandreviewedbythe2
nd
ExtraordinaryGeneralMeetingof2015wereasfollows:(1)thebasicannualsalarystandardoftheBoardChairmanwasofRMB1.2million,thesubsidystandardofotherDirectors(excludingtheDirectorsservingintheCompany)wasofRMB0.3millionperpersonperyearandthesubsidy
KonkaGroupCo.,Ltd.AnnualReport2022
standardoftheSupervisors(excludingtheEmployeeSupervisors)wasofRMB0.2millionperpersonperyear;whichwasexecutedsinceJune2015.(2)theabovestandardswereallpre-taxstandardwiththeindividualincometaxburdenedinpersonaswellastheCompanywithheldandremittedtax.Othertreatmentforindependentdirectors:travelexpensewhentheywenttoattendtheBoardsessions,SupervisorysessionsorShareholders’GeneralMeetingsandtheexpenseswhentheywereperformingtheirdutiesasstipulatedintherelevantregulationsandtheArticlesofAssociationandotherrelevantsystems,allthesecouldbereportedfordeletion.TheBoardofDirectorsdeterminedtheremunerationofseniormanagementstaffsreferringtothefollowingfactors:a.scopeofjobsandresponsibilityshouldered;b.actualprofitoftheCompany;c.marketremunerationlevelinthesameindustryandsamearea.Remunerationofthedirectors,supervisorsandseniormanagementoftheCompanyduringtheReportingPeriod
Unit:RMB'0,000
Name | Officetitle | Gender | Age | Incumbent/Former | Totalbefore-taxremunerationfromtheCompany | Anyremunerationfromrelatedparty |
LiuFengxi | ChairmanoftheBoard | Male | 52 | Incumbent | Yes | |
YaoWei | Director | Male | 48 | Incumbent | Yes | |
ZhouBin | SecretaryofCPC,CEO,Director,President | Male | 44 | Incumbent | 400.19 | No |
YeXingbin | EmployeeDirector,DeputySecretaryofCPC | Male | 53 | Incumbent | 202.02 | No |
LiuJian | Independentdirector | Male | 57 | Incumbent | 12.5 | No |
WangShuguang | Independentdirector | Male | 52 | Incumbent | 30 | No |
DengChunhua | Independentdirector | Female | 60 | Incumbent | 30 | No |
CaiWeibin | ChairmanoftheSupervisoryCommittee | Male | 50 | Incumbent | Yes | |
YangGuobin | Supervisor | Male | 54 | Incumbent | Yes | |
LiJun | EmployeeSupervisor | Male | 52 | Incumbent | 145.80 | No |
CaoShiping | Executivevicepresident | Male | 45 | Incumbent | 210.18 | No |
LiHongtao | Vicepresident | Male | 55 | Incumbent | 199.04 | No |
WuYongjun | BoardSecretary | Male | 48 | Incumbent | 195.73 | No |
LiChunlei | CFO | Male | 50 | Incumbent | 210.93 | No |
YangBo | Vicepresident | Male | 53 | Incumbent | 198.33 | No |
LinHongfan | Vicepresident | Male | 52 | Incumbent | 214.77 | No |
SunShengdian | Independentdirector | Male | 68 | Former | 17.5 | No |
LiZheng | Director | Male | 45 | Former | Yes | |
SunQingyan | Vicepresident | Male | 51 | Former | 139.86 | No |
Total | -- | -- | -- | -- | 2,206.85 | -- |
VIPerformanceofDutybyIndependentDirectorsintheReportingPeriod
1.BoardMeetingConvenedduringtheReportingPeriod
Meeting | Dateofthemeeting | Disclosuredate | Meetingresolutions |
The53rdMeetingofthe | 17January2022 | 18January2022 | Resolutionsofthe53rdMeetingofthe9thBoardofDirectors |
KonkaGroupCo.,Ltd.AnnualReport2022
9thBoardofDirectors | |||
The54thMeetingofthe9thBoardofDirectors | 21February2022 | 23February2022 | ResolutionsonAdjustingRemunerationsofSeniorManagement;Resolutionson2022DonationPlan;Resolutionsofthe54thMeetingofthe9thBoardofDirectors |
The55thMeetingofthe9thBoardofDirectors | 4March2022 | 7March2022 | Resolutionsofthe55thMeetingofthe9thBoardofDirectors |
The56thMeetingofthe9thBoardofDirectors | 28March2022 | 30March2022 | Resolutionsofthe56thMeetingofthe9thBoardofDirectors;ResolutionsonApplyingforGeneralCreditLimitfromIndustrialBankCo.,Ltd.;ResolutionsonApplyingforGeneralCreditLimitfromShenzhenBranch,ChinaGuangfaBankCo.,Ltd.;ResolutionsonApplyingforGeneralCreditLimitfromChinaConstructionBank(CCB);ResolutionsonApplyingforGeneralCreditLimitfromShanghaiPudongDevelopmentBank(SPDbank);ResolutionsonApplyingforGeneralCreditLimitfromAgriculturalBankofChina(ABC);ResolutionsonApplyingforGeneralCreditLimitfromChinaResourcesBankofZhuhaiCo.,Ltd.(CRBC);ResolutionsonApplyingforGeneralCreditLimitfromExport-ImportBankofChina(EIBC);ResolutionsonApplyingforGeneralCreditLimitfromChinaBohaiBankCo.,Ltd.;ResolutionsonApplyingforGeneralCreditLimitfromBankofHangzhou;ResolutionsonApplyingforGeneralCreditLimitfromShenzhenBranch,HuaXiaBankCo.,Ltd.;ResolutionsonApplyingforGeneralCreditLimitfromShenzhenRuralCommercialBank(SRCB);ResolutionsonBusinessPlanandFinancialBudgetPlanfor2022;ResolutionsonFormulatingDocumentsrelatedtoManagementAuthorizedbytheBoardofDirectors |
The57thMeetingofthe9thBoardofDirectors | 27April2022 | 28April2022 | The57thmeetingofthe9thBoardofDirectorsresultedintworesolutions:oneconcerninganewequityinvestmentplanfor2022,andtheotherregardinganewfixedassetsinvestmentplanfor2022. |
The58thMeetingofthe9thBoardofDirectors | 20May2022 | 21May2022 |
The58thmeetingofthe9thBoardofDirectorspassedaresolutionregardingtheinvestmentandconstructionoftheKonka(Haimen)ScienceandTechnologyInnovationParkintheNantongHaimenEconomicandTechnologicalDevelopmentZone.
The59thMeetingofthe9thBoardofDirectors | 1June2022 | 2June2022 |
The59thmeetingofthe9thBoardofDirectorsresultedinaresolutiontopurchasetheofficebuildingof"ScienceandTechnologyInnovationCloudValley".
The60thMeetingofthe9thBoardofDirectors | 10June2022 | 11June2022 | The60thmeetingofthe9thBoardofDirectorsincludedaresolutiononthelandcollectionandstorageintheeastplantareaofHenanFrestecHouseholdAppliancesCo.,Ltd. |
The61stMeetingofthe9thBoardofDirectors | 8July2022 | 9July2022 | Resolutionsofthe61stMeetingofthe9thBoardofDirectors |
The1stMeetingofthe10thBoardofDirectors | 25July2022 | 26July2022 | Resolutionsofthe1stMeetingofthe10thBoardofDirectors |
KonkaGroupCo.,Ltd.AnnualReport2022
The2ndMeetingofthe10thBoardofDirectors | 23August2022 | 25August2022 | Resolutionsofthe2ndMeetingofthe10thBoardofDirectors;ResolutionontheListingTransferof49%EquityinDongguanGuankangYuhongInvestmentCo.,Ltd.;ResolutiononApplyingforGeneralCreditLimitfromHSBC |
The3rdMeetingofthe10thBoardofDirectors | 8October2022 | Resolutionsregardingthemanagementteam'sbusinessperformanceassessmentoutcomes.Resolutionsconcerningthecompany's2021bonusplanforthemanagementteam.Resolutionspertainingtothepayrollliquidationplanfor2021andthepayrollbudgetplanfor2022.ResolutiontorequestacomprehensivecreditlinefromChinaDevelopmentBank. | |
The4thMeetingofthe10thBoardofDirectors | 27October2022 | 28October2022 | Thefourthmeetingofthe10thBoardofDirectorshaspassedtworesolutions.ThefirstresolutionisaboutrevisingtheMeasuresfortheAssessmentofBusinessPerformanceofEnterpriseHeadsofKonkaGroupCo.,Ltd.ThesecondresolutionisaboutapplyingforacomprehensivecreditlinefromXiamenInternationalBank. |
The5thMeetingofthe10thBoardofDirectors | 6December2022 | 7December2022 | Resolutionsofthe5thMeetingofthe10thBoardofDirectors;ResolutionsonLetterofCommitmentonPerformancefor2022fortheCompany’sManagementTeam;ResolutiononApplyingforGeneralCreditLimitfromBankofChina;ResolutiononApplyingforGeneralCreditLimitfromIndustrialandCommercialBankofChina(ICBC);ResolutiononApplyingforGeneralCreditLimitfromBankofCommunications;ResolutiononApplyingforGeneralCreditLimitfromBankofNingbo;ResolutiononApplyingforGeneralCreditLimitfromChinaZheshangBankCo.,Ltd.;ResolutiononApplyingforGeneralCreditLimitfromGuangdongHuaxingBank |
2.AttendanceofDirectorsatBoardMeetingsandGeneralMeetings
Attendanceofdirectorsatboardmeetingsandgeneralmeetings | |||||||
Director | Totalnumberofboardmeetingsthedirectorwaseligibletoattend | Boardmeetingsattendedonsite | Boardmeetingsattendedbywayoftelecommunication | Boardmeetingsattendedthroughaproxy | Boardmeetingsthedirectorfailedtoattend | Thedirectorfailedtoattendtwoconsecutiveboardmeetings(yes/no) | Generalmeetingsattended |
LiuFengxi | 14 | 1 | 13 | 0 | 0 | No | 0 |
YaoWei | 14 | 1 | 13 | 0 | 0 | No | 0 |
LiZheng | 2 | 0 | 2 | 0 | 0 | No | 0 |
ZhouBin | 14 | 1 | 13 | 0 | 0 | No | 7 |
YeXingbin | 11 | 1 | 10 | 0 | 0 | No | 4 |
SunShengdian | 9 | 0 | 9 | 0 | 0 | No | 2 |
LiuJian | 5 | 0 | 5 | 0 | 0 | No | 0 |
WangShuguang | 14 | 0 | 14 | 0 | 0 | No | 0 |
DengChunhua | 14 | 0 | 14 | 0 | 0 | No | 0 |
Whyanydirectorfailedtoattendtwoconsecutiveboardmeetings:
Notapplicable
3.ObjectionsRaisedbyDirectorsonMattersoftheCompany
KonkaGroupCo.,Ltd.AnnualReport2022
IndicatebytickmarkwhetheranydirectorsraisedanyobjectionsonanymatteroftheCompany.
□Yes√NoNosuchcasesintheReportingPeriod.
4.OtherInformationaboutthePerformanceofDutybyDirectorsIndicatebytickmarkwhetheranysuggestionsfromdirectorswereadoptedbytheCompany.
√Yes□NoSuggestionsfromdirectorsadoptedornotadoptedbytheCompany:
DuringtheReportingPeriod,theDirectorsoftheCompanyvigorouslyattendedtherelevantmeetings,carefullyreviewedeachproposal,fullyplayedtheroleof"makingstrategies,makingdecisionsandpreventingrisks,gainedinsightintothepresentsituationofnewbusinessessuchassemi-conductorandnewenergy,theR&Dandbrandbuildingprogress,theoperatingsituation,andtheexecutionsituationoftheinternalcontrolconstructionandtheresolutionsofthemeetingsoftheBoardofDirectorsaswellastheAnnualGeneralMeeting.DirectorsoftheCompanyputforwardtheconstructiveadvicesbyuseoftheirownprofessionalknowledgetowardstheinternalmanagement.Forexample,toactivelypromotetherefinementoftheCompany’sdevelopmentstrategyplanandimplementationthereof,toprovideadvicesonexpandingtheCompany’sbusiness,andtopayattentiontoriskscontroloftheCompanysuchasthecashflowandaccountsreceivablemanagement.TheCompanycarefullyadoptedtheadvicesfromtheDirectorsandconstantlyimprovedandenhancedthemanagementleveloftheCompany.VIIPerformanceofDutiesbySpecializedCommitteesundertheBoardduringthisReportingPeriod
Committee | Members | Numberofmeetingsconvened | Conveneddate | Content | Importantopinionsandsuggestionsraised | Otherinformationabouttheperformanceofduty | Detailsaboutissueswithobjections(ifany) |
AuditCommittee | DengChunhua,YaoWei,WangShuguang | 8 | 7January2022 | The2021FinancialstatementsandtheArrangementofthe2021AnnualAuditsubmittedbytheCompany’sfinancialcenter(issuedbytheCompanypriortotheentryoftheannualCPA) | 1.Thearrangementoftheauditworkonthe2021AnnualReportoftheCompanywasapproved.2.ItwasconsentedthattheannualfinancialstatementsshallbeprovidedtotheCPAfortheannualaudit.3.ItisrequiredthatShineWingCertifiedPublicAccountants(specialgeneralpartnership)appointedbytheCompanyshouldcarryouttheauditinginstrictaccordancewiththerequirementsoftheChinaPracticeStandardsforCertifiedPublicAccountants,andshouldpromptlycommunicatewiththeCommitteeifmajorproblemsarediscovered. | ||
4March2022 | Conductareviewofthefollowingdocuments: | Noobjectionswereraisedregardingthefollowing |
KonkaGroupCo.,Ltd.AnnualReport2022
2021AnnualInternalAuditReportofKonkaGroupsubmittedbytheauditingcompany,KonkaGroup’sInternalAuditQualitySelf-assessmentRepor”,andKonkaGroup’s2022AuditandProjectPost-evaluationWorkPlan. | documentssubmittedbythecompany:2021AnnualInternalAuditReportofKonkaGroup,KonkaGroup’sInternalAuditQualitySelf-assessmentReport,andKonkaGroup’s2022AuditandProjectPost-evaluationWorkPlan. | ||||
15March2022 | TheCPAsforannualauditwereengagedforthediscussionandreviewoftheCompany'sfinancialstatementsaftertheyhaveissuedpreliminaryauditopinions. | Noobjectionwasmadetothe2021annualfinancialstatementsoftheCompanypreliminarilyauditedbyShineWingCertifiedPublicAccountants(specialcommonpartnership). | |||
18March2022 | CommunicationsweremadewiththeInternalAuditDepartmentoftheCompany;the2021annualauditperformedbyShineWingCertifiedPublicAccountants(specialcommonpartnership)wasappraised;the2021annualfinancialstatementswerereviewedandretentionoftheaccountingfirmwasdeliberated. | 1.The2021annualauditperformedbyShineWingCertifiedPublicAccountants(specialcommonpartnership)wassatisfying.2.Noobjectionwasmadetothe2021AuditReportissuedbyShineWingCertifiedPublicAccountants(specialcommonpartnership).3.ItwasproposedthatShineWingCertifiedPublicAccountants(specialcommonpartnership)beretainedforfurtherserviceastheauditinstitutionoftheCompany's2022annualfinancialstatements. | |||
27April2022 | 2022Q1financialstatementsoftheCompany | Noobjectionwasmadetothe2022Q1financialstatementsoftheCompany. | |||
23August2022 | 2022interimfinancialstatementsoftheCompany | Noobjectionwasmadetothe2022interimfinancialstatementsoftheCompany. | |||
17October2022 | Issuesrelatedtotheselectionofaccountingfirmsfortheyear2022 | MakeaproposaltoretainRSMChinaCertifiedPublicAccountants(SpecialGeneralPartnership)astheauditfirmandinternalcontrolauditfirmforthecompany’s2022financialstatements. | |||
27October2022 | 2021Q3financialstatementsoftheCompany | Noobjectionwasmadetothe2021Q3financialstatementsoftheCompany. | |||
RemunerationandAppraisalCommittee | SunShengdian,LiuFengxi,LiZheng,WangShuguang,DengChunhua | 5 | 11February2022 | Conductareviewandpotentialadjustmentofthecompensationofseniormanagementpersonnel. | ApprovetheadjustmentofcompensationstandardsforseniormanagementpersonnelofKonkaGroupandendorsethesubmissionoftheproposalforreviewtotheCompany’sboardmeeting. |
SunShengdian,LiuFengxi,YeXingbin, | 28March2022 | Remunerationsofdirectors,supervisorsandseniormanagementasdisclosedwereaudited. | Remunerationsofdirectors,supervisorsandseniormanagementasdisclosedintheCompany's2021AnnualReportweretrue.Remunerationsofdirectors,supervisorsandsenior |
KonkaGroupCo.,Ltd.AnnualReport2022
WangShuguang,DengChunhua | managementasdisclosedwereconsistentwiththeCompany'ssalarymanagementpolicyandnoviolationwasfound. | ||||
WangShuguang,YaoWei,YeXingbin,LiuJian,DengChunhua | 19September2022 | 1.Conductareviewoftheperformanceevaluationresultsofthecompany’smanagementteam.2.Reviewthe2021bonusplanforthecompany’smanagementteam.3.Reviewthepayrollsettlementplanforthecompany’s2021totalwagebillandthebudgetplanforthecompany’s2022totalwagebill. | TheresultsoftheperformanceevaluationoftheCompany’smanagementteam,the2021bonusplanfortheCompany’smanagementteamandtheplanforthesettlementofthecompany’stotalwagebillin2021andbudgetfortheCompany’stotalwagebillin2022wereagreedtobesubmittedtotheboardmeetingfordiscussion. | ||
17October2022 | ConductareviewoftheproposaltoamendtheEnterpriseLeaderPerformanceEvaluationMethodforKonkaGroupCo.,Ltd.ofthecompany. | Approvethesubmissionoftherevised“EnterpriseLeaderPerformanceEvaluationMethodforKonkaGroupCo.,Ltd.”totheboardmeetingfordiscussion. | |||
25November2022 | Conductareviewofthe“2022PerformanceResponsibilityAgreementfortheManagementTeamoftheCompany. | Approvethesubmissionofthe2022PerformanceResponsibilityAgreementfortheManagementTeamoftheCompanytotheboardmeetingfordiscussion. | |||
NominationCommittee | SunShengdian,LiuFengxi,ZhouBin,WangShuguang,DengChunhua | 4 | 22February2022 | SelectionofnewdirectorsfortheninthBoardofDirectors. | ItwasagreedthatMr.YeXingbinwasnominatedasacandidatefornon-independentdirectoroftheCompany'sninthBoardofDirectors,andtheproposalwouldbesubmittedtotheboardmeetingoftheCompanyfordeliberation. |
23May2022 | AppointmentforthepositionofVicePresident | ApprovetheappointmentofMr.LinHongfanastheVicePresidentofKonkaGroupandendorsethesubmissionofthisproposalfordiscussiontothecompany’sBoardofDirectors. | |||
28June2022 | ConductareviewofthecandidatesfortheupcomingelectionoftheBoardofDirectors. | ApprovethenominationofMr.LiuFengxi,Mr.YaoWei,Mr.ZhouBin,Mr.LiuJian,Mr.WangShuguang,andMs.DengChunhuaascandidatesforthe10thBoardofDirectorsofthecompany,andendorsethesubmissionofthisproposalforreviewtothecompany’sBoardofDirectors. | |||
LiuJian,YaoWei,ZhouBin,WangShuguang,DengChunhua | 12August2022 | AppointmentforthepositionofExecutiveVicePresident. | ApprovetheappointmentofMr.CaoShipingastheExecutiveVicePresidentofKonkaGroupandendorsethesubmissionofthisproposalfordiscussiontotheCompany’sBoardofDirectors. |
KonkaGroupCo.,Ltd.AnnualReport2022
VIIIPerformanceofDutybytheSupervisoryCommitteeIndicatebytickmarkwhethertheSupervisoryCommitteefoundanyrisktotheCompanyduringitssupervisionintheReportingPeriod.
□Yes√NoTheSupervisoryCommitteeraisednoobjectionsintheReportingPeriod.IXEmployees
1.Number,FunctionsandEducationalBackgroundsofEmployees
Numberofin-serviceemployeesoftheCompanyastheparentattheperiod-end | 1,755 |
Numberofin-serviceemployeesofmajorsubsidiariesattheperiod-end | 12,758 |
Totalnumberofin-serviceemployeesattheperiod-end | 14,513 |
TotalnumberofpaidemployeesintheReportingPeriod | 14,513 |
NumberofretireestowhomtheCompanyastheparentoritsmajorsubsidiariesneedtopayretirementpensions | 0 |
Functions | |
Function | Employees |
Production | 7,629 |
Sales | 3,287 |
Technical | 1,537 |
Financial | 672 |
Administrative | 1,388 |
Total | 14,513 |
Educationalbackgrounds | |
Educationalbackground | Employees |
Masterandabove | 395 |
Bachelor | 3,365 |
Juniorcollege | 3,903 |
Highschoolandbelow | 6,850 |
Total | 14,513 |
2.EmployeeRemunerationPolicyTheCompanypromulgateditsremunerationsystemwiththeoperatingstrategyofservingfortheenterprisedevelopmentandenhancement,andtheprincipleofdecidingtheremunerationaccordingtothepost,businessperformanceandcapabilities,aswellasthemarketcompetitivenessandinternalfairness.Anditdecidedtheemployee’sremunerationlevelaccordingtoitsbusinessearnings,thepostsandfulfillmentofthebusinessperformanceoftheemployee.
3.EmployeeTrainingPlansTheCompanyadheredtothepeople-orientedandpaidspecialattentiontocultivatethetalents.Surroundedbythebusinessdevelopmentandtheconstructionoftalentteam,theCompanyactivelyorganizedandcarriedoutvarioustrainingactivities,andcontinuouslyperfecteditstalentscultivationsystem,aswellasfurtherenhancedtheemployee’sprofessionalskillsandoverallquality,
KonkaGroupCo.,Ltd.AnnualReport2022
soastostrengthentheconstructionofmanagementtalents,professionaltalentsandtechnicaltalentsteams.In2022,theCompanywasdriventobooststrategyandsupportbusinesses,andcentereditssuperiorresourcesonthecultivationofcrucialcoretalents.Focusingonthepersonneltrainingsystemof"ThreeTiersandSevenBrands",KonkaopenclasseshavebeenorganizedthroughouttheyearforallemployeesoftheCompany;andorganizedandcarriedoutthenewemployee’straining&cultivationprojectsrespectivelyforthegraduatesfromcampusrecruitingandpersonnelfromsocialrecruitment.Meanwhile,itcentralizedtoorganizethepointedthetrainingprojectsofgeneralmanagementskillsandpostprofessionalknowledge,etcforthepersonnelfrommarketing,R&D,manufacturing,financialandhumanresourcessystems.
4.LaborOutsourcing
□Applicable√NotapplicableXProfitDistributions(intheFormofCashand/orStock)Howtheprofitdistributionpolicy,especiallythecashdividendpolicy,wasformulated,executedorrevisedintheReportingPeriod:
√Applicable□NotapplicableThecashdividendpolicyoftheCompanywasclearlystatedinitsArticlesofAssociation,withspecificandcleardividendstandardsandratios.Therelevantdecision-makingprocedureandmechanismweresound;theindependentdirectorsfaithfullyperformedtheirdutiesandplayedtheirduerole;andthenon-controllinginterestswereabletofullyexpresstheiropinionanddesireandtheirlegalrightsandinterestswerefullyprotected.TheCompanystrictlyfollowedthecashdividendpolicyinitsArticlesofAssociation,andthecashdividendpayoutoftheCompanywasinlinewithitsArticlesofAssociationandtherelevantresolutionoftheShareholders’Meeting.AccordingtotherequirementsoftheListedCompanySupervisionGuidelineNo.3-ListedCompanies’CashDividendissuedbytheCSRC,theCompanyhasrevisedthedividendpayoutpolicyinitsArticlesofAssociation,furtherclarifyingthepriorityandproportionofcashdividendindividendpayouts.Inordertofurthernormalizeitsshareholderreturnmechanism,pushforwardtheestablishmentofascientific,sustainedandstableshareholderreturnmechanism,enhancethetransparencyandoperabilityofdecision-makingforitsdividendpayoutpolicy,andeffectivelyprotectthelegalrightsandinterestsofpublicinvestors.
Specialstatementaboutthecashdividendpolicy | |
IncompliancewiththeCompany’sArticlesofAssociationandresolutionofgeneralmeeting | Yes |
Specificandcleardividendstandardandratio | Yes |
Completedecision-makingprocedureandmechanism | Yes |
Independentdirectorsfaithfullyperformedtheirdutiesandplayedtheirduerole | Yes |
Non-controllinginterestsareabletofullyexpresstheiropinionanddesireandtheirlegalrightsandinterestsarefullyprotected | Yes |
Incaseofadjustingorchangingthecashdividendpolicy,theconditionsandprocedures | Yes |
KonkaGroupCo.,Ltd.AnnualReport2022
IndicatebytickmarkwhethertheCompanyfailstoputforwardacashdividendproposalforshareholdersdespitethefactsthattheCompanyhasmadeprofitsintheReportingPeriodandtheprofitsoftheCompanyastheparentdistributabletoshareholdersarepositive.
□Applicable√NotapplicableFinalDividendPlanfortheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIEquityIncentivePlans,EmployeeStockOwnershipPlansorOtherIncentiveMeasuresforEmployees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIIEstablishmentandExecutionoftheInternalControlSystemfortheReportingPeriod
1.EstablishmentandExecutionoftheInternalControlSystemTheCompanyhasestablishedandimprovedtheCompany'sinternalcontrolsysteminaccordancewiththeregulationsoftheChinaSecuritiesRegulatoryCommissionandtheShenzhenStockExchange,followingthebasicprinciplesofinternalcontrol,andonthebasisoftheCompany'sactualsituation.TheCompany'sFinancialAuditCommittee,andAuditandLegalAffairsCenterfollowtheguidanceofvaluemanagement,seekthegoalofstrengtheningriskmanagementandcontrol,continuouslyenhanceauditsupervisionandinternalcontrolevaluation,therebyscrutinizingandevaluatingtheCompany'sinternalcontrolmanagement.TheCompany's2022AnnualInternalControlSelf-AssessmentReportcomprehensively,factuallyandaccuratelyreflectstheactualsituationoftheCompany'sinternalcontrol.DuringtheReportingPeriod,theCompanyhadnomajororsignificantdeficienciesinitsinternalcontrol.
2.MaterialInternalControlWeaknessesIdentifiedfortheReportingPeriod
□Yes√NoXIIIManagementandControloverSubsidiariesbytheCompanyfortheReportingPeriod
involvedareincompliancewithapplicableregulationsandtransparent
Subsidiary
Subsidiary | Integrationplan | Integrationprogress | Problem | Countermeasurestaken | Settlementprogress | Follow-upsettlementplan |
N/A | N/A | N/A | N/A | N/A | N/A | N/A |
XIVInternalControlSelf-EvaluationReportorIndependentAuditor’sReportonInternalControl
1.InternalControlSelf-EvaluationReport
Disclosuredateoftheinternalcontrolself-evaluationreport | 28March2023 |
Indextothedisclosedinternalcontrolself-evaluationreport | http://www.cninfo.com.cn/new/index |
Evaluatedentities’combinedassetsas%ofconsolidatedtotalassets | 90.00% |
Evaluatedentities’combinedoperatingrevenueas%ofconsolidatedoperatingrevenue | 90.00% |
Identificationstandardsforinternalcontrolweaknesses |
KonkaGroupCo.,Ltd.AnnualReport2022
Type | Weaknessesininternalcontroloverfinancialreporting | Weaknessesininternalcontrolnotrelatedtofinancialreporting | |
Naturestandard | Thosewiththefollowingcharacteristicsshouldberecognizedasgreatdefect:(1)foundoutthereweremalpracticesoftheDirectors,SupervisorsandSeniorExecutivesoftheCompanythatformedsignificantinfluencesonthefinancialreport;(2)theCompanyrevisedthepublishedfinancialreportandrevisedthegreatmisstatementscausedbythemalpracticesorthemistakes;(3)CPAfoundouttherewasgreatmisstatementofthecurrentfinancialreportwhiledidn’tfoundduringtheoperatingprocessoftheinternalcontrol;(4)thesupervisionoftheinternalcontrolbytheFinanceAuditCommitteeandtheinternalauditinstitutionoftheCompanywasinvalid;(5)notyetrevisedthegreatdefectafterthereasonableperiodaswhichwasdiscoveredamongtheinternalcontrolassessment;(6)thesignificantbusinesslackedofsystematiccontrolorthesystematiccontrolwasinvalid..Thosewiththefollowingcharacteristicsshouldberecognizedassignificantdefect:(1)notyetchosenorappliedtheaccountingpolicesaccordingtothegenerallyacceptedaccountingstandards;(2)notyetconstructedtheanti-spamprocessorcontrolmeasures;(3)asfortheaccountsdisposaloftheunconventionalorspecialtransactions,therewasnocorrespondingcontrolmechanismorexecutionortheexistenceofthecorrespondingsupplementcontrol;(4)therewasoneormultipledefectsduringthecontrolofthecompileofthefinancialreportattheperiod-endandcouldnotreasonableguaranteethestatementofthecompiledfinancialreportreachtherealandaccuratetarget;(5)notyetrevisedthesignificantdefectafterthereasonableperiodaswhichwasdiscoveredamongtheinternalcontrolassessment.3.Otherdefectsfromtheinternalcontrolhadn’treachedtherecognitionstandardsofthegreatdefectorsignificantdefectshouldberecognizedasgeneraldefect. | Thefollowingsignsindicatedtheremayexistgreatdefectamongtheinternalcontrolofthenon-financialreport;(1)Negativemedianewsappearedmorefrequently,causinggreaterdamagetotheCompany'sreputation;(2)turnoverofpersonnelinkeypositionswasrelativelyserious;(3)therewereobviousdeficienciesinimportantbusinesscontrolsystems;and(4)importantdeficienciesidentifiedininternalcontrolevaluationswerenotrectifiedinatimelymanner.Thefollowingsignsindicatedtheremayexistsignificantdefectamongtheinternalcontrolofthenon-financialreport:(1)negativenewsoccurredratherfrequentlywhichcausedratherbigharmtotheCompany’sreputation;(2)theoutflowofthekeypositionpersonnelwasratherserious;(3)therewasobviousdefectamongthecontrolsystemofthesignificantbusiness;(4)thesignificantdefectfoundamongtheinternalcontrolassessmentnotyetberevisedintime. | |
Quantitativestandard | Greatdefect:potentialmisstatementamount≥1%ofthegrossprofitmarginofthe2022consolidatedfinancialreportoftheCompany;significantdefect:0.5%ofthegrossprofitmarginofthe2022consolidatedfinancialreportoftheCompany≤potentialmisstatementamount<1%ofthegrossprofitmarginofthe2022consolidatedfinancialreportoftheCompany;generaldefect:potentialmisstatementamount<0.5%ofthegrossprofitmarginofthe2022consolidatedfinancialreportoftheCompany. | Implementinaccordancewiththequantitativecriteriaofinternalcontroldefectevaluationinfinancialstatements | |
Numberofmaterialweaknessesininternalcontroloverfinancialreporting | 0 | ||
Numberofmaterialweaknessesininternalcontrolnotrelatedtofinancialreporting | 0 | ||
Numberofseriousweaknessesininternalcontroloverfinancialreporting | 0 |
KonkaGroupCo.,Ltd.AnnualReport2022
Numberofseriousweaknessesininternalcontrolnotrelatedtofinancialreporting | 0 |
2.IndependentAuditor’sReportonInternalControl
√Applicable□Notapplicable
Opinionparagraphintheindependentauditor’sreportoninternalcontrol | |
Weconsideredthat,inallthesignificantaspects,KonkaGroupmaintainedefficientinternalcontrolofthefinancialreportaccordingtotheC-SOXandtherelevantregulationson31December2022. | |
Disclosureofsuchreport | Disclosed |
Disclosuredate | 28March2023 |
Indextosuchreportdisclosed | http://www.cninfo.com.cn/new/index |
Typeoftheauditor’sopinion | Unmodifiedunqualifiedopinion |
Materialweaknessesininternalcontrolnotrelatedtofinancialreporting | None |
Indicatebytickmarkwhetheranymodifiedopinionisexpressedintheindependentauditor’sreportontheCompany’sinternalcontrol.
□Yes√NoIndicatebytickmarkwhethertheindependentauditor’sreportontheCompany’sinternalcontrolisconsistentwiththeinternalcontrolself-evaluationreportissuedbytheCompany’sBoard.
√Yes□NoXVRectificationsofProblemsIdentifiedbySelf-inspectionintheSpecialActionforListedCompanyGovernanceTheCompanyhascompletedtheself-inspectioninaccordancewiththerelevantrequirementsoftheCSRCandrectifiedtheproblemsidentifiedintheself-inspection.
KonkaGroupCo.,Ltd.AnnualReport2022
PartVEnvironmentalandSocialResponsibility
IMajorEnvironmentalIssuesIndicatebytickmarkwhethertheCompanyoranyofitssubsidiariesisidentifiedasamajorpolluterbytheenvironmentalprotectionauthorities.
√Yes□NoPoliciesandindustrystandardspertainingtoenvironmentalprotectionTheCompanyabidesbyenvironmentalprotectionlawsandregulations,suchastheEnvironmentalProtectionLawofthePeople’sRepublicofChina,WaterPollutionPreventionandControlLawofthePeople’sRepublicofChina,AirPollutionPreventionandControlLawofthePeople’sRepublicofChina,NoisePollutionPreventionandControlLawofthePeople’sRepublicofChina,SolidWastePollutionPreventionandControlLawofthePeople’sRepublicofChina,andothers.ThewaterpollutantdischargestandardsincludetheEmissionStandardofWaterPollutantsforElectroplatingDB44/1597-2015andtheWaterPollutantDischargeLimitStandardofGuangdongProvinceDB44/26-2001.TheairpollutantemissionstandardsincludetheEmissionStandardofVolatileOrganicCompoundsforPrintingIndustryDB44/27-2001,EmissionStandardofElectroplatingPollutantsGB21900-2008,EmissionStandardofOdorousPollutantsGB14554-93,andEmissionControlStandardofVolatileOrganicCompoundsforUnorganizedEmissionsGB37822-2019.StatusofEnvironmentalProtectionAdministrativeLicense
1.XingDaHongYeXingDaHongYereceivedapprovalfromtheZhongshanEnvironmentalProtectionBureautoestablishandconstructitsfacilityin2004(ZH.H.J.[2004]No.61),followedbysubsequentapprovalsunderZH.H.J.D.[2008]06250andZH.H.J.D.[2010]04469in2008and2010respectively.AftertheoriginalprojectofXingDaHongYewasputintoproduction,itunderwenttwoacceptancestages:thefirststagein2008(H.Y[2008]02)andthesecondstagein2012(ZH.H.Y.Report[2012]000092).XingdaHongyeenlistedtheservicesoftheZhongshanEnvironmentalProtectionScienceResearchInstituteinDecember2012toperformanenvironmentalimpactevaluationfortheirproposedtechnologicalupgradeandexpansioninitiative.Followingthis,on31December2012,theEnvironmentalProtectionBureauofZhongshanCitygrantedNo.ZH.H.J.SH.(2012)115ApprovalontheEnvironmentalImpactAssessmentReportforTechnologicalUpgradeandExpansionProgramofGuangDongXingDaHongYeElectronicCo.,Ltd.Theschemeallowedforanincreasedproductionofsix-layercircuitboards,eight-layerandabovecircuitboards,andHDIboards,whilereducingtheproductionofsingle-sidedcircuitboards.Afterthecompletionofthetechnologicalupgradeandexpansion,theproductioncapacitywasexpectedtoreachatotalof200,000squaremetersforsingle-sidedcircuitboardsperyear,250,000squaremetersfordouble-sidedcircuit
KonkaGroupCo.,Ltd.AnnualReport2022
boardsperyear,300,000squaremetersforfour-layercircuitboardsperyear,200,000squaremetersforsix-layercircuitboardsperyear,150,000squaremetersforeight-layerandabovecircuitboardsperyear,and100,000squaremetersforHDIboardsperyear.Thetechnicalrenovationandexpansionprojectmaintainedtheoriginalplatingequipmentandprocessunchangedandaddedabrowningprocesstotheexistingproductionprocess.Theadditionalplatingcapacitywasalloutsourced.Thetechnicalrenovationandexpansionprojectbeganconstructionin2013,wascompletedinJanuary2018,andwascommissionedfrom10Februaryto8July2018.Theconstructionoftheexpansionprojectmettherequirementsoftheenvironmentalimpactreportapprovalandtheconditionsforenvironmentalprotectionacceptanceofthecompletedconstructionproject.In2021,thenationalpollutantdischargepermitofXingDaHongYewasrenewed/replacedwithcertificatenumber91442000768405216J001P.In2022,thenationalpollutantdischargepermitwaschanged,withcertificatenumber91442000768405216J001P.
2.BoluoKonkaandBoluoKonkaPrecisionBoluoKonkaPrecisionTechnologyCo.,Ltd.wasapprovedbytheHuizhouEnvironmentalProtectionBureauin2000(H.S.H.J.[2000]No.23)andbeganproductionthesameyear.Itspollutiondischargepermitnumberis91441322721121283N001U.BoluoKonkaenlistedtheservicesofHuizhouEnvironmentalScienceResearchInstituteinJanuary2007tocarryoutanenvironmentalimpactassessmentforitsexpansionproject.No.H.SH.H.J.[2007]J32ApprovalonEnvironmentalImpactReportforBoluoKonka’sDouble-sidedandMultilayerBoardProjectwasissuedbytheEnvironmentalProtectionBureauofHuizhouCityon8February2007.Theapprovedexpansionprojectincludedtheinstallationofelectroplatingequipmentandprocesses,allowingforanincreaseinproductioncapacityto1millionsquaremetersforsingle-sidedcircuitboardsperyearand650,000squaremetersfordouble-sidedandmultilayercircuitboardsperyear.Uponcompletion,theprojectunderwentanenvironmentalprotectionacceptanceinspection,satisfyingtherequirementsoftheenvironmentalimpactassessmentapproval.ThecompanyalsoobtainedapollutantdischargepermitinthesameyearandunderwentanamechangetoBoluoKonkaPrecisionTechnologyCo.,Ltd..In2020,thecompanyreceivedanationalpollutantdischargepermitbearingcertificatenumber91441322799316208F001V.Theregulationsforindustrialemissionsandtheparticularrequirementsforcontrollingpollutantemissionsthoseareassociatedwithproductionandoperationalactivities.
Nameofpolluter | Typeofmajorpollutants | Nameofmajorpollutants | Wayofdischarge | Numberofdischargeoutlets | Distributionofdischargeoutlets | Dischargeconcentration/intensity | Dischargestandardsimplemented | Totaldischarge | Approvedtotaldischarge | Excessivedischarge |
XingDaHong | Pollutionsources | PH,totalcopper,COD, | Dischargeof | 1 | Maindischarge | PH6-9;totalcopper≤0.3mg/L;COD≤50mg/L; | GB21900-2008DischargeStandardFor | 0.4485millio | Totaldischarge448,500 | None |
KonkaGroupCo.,Ltd.AnnualReport2022
Ye | ofwastewater | ammonianitrogen,totalnitrogen,totalphosphorus,totalcyanide,totalnickel,totaliron,totalaluminum,petroleum,suspendedsolids | stationarypollutionsources | outletofthewastewaterstation | ammonianitrogen≤8mg/L;totalnitrogen≤15mg/L;totalphosphorus≤0.5mg/L;totalcyanide≤0.2mg/L;totalnickel≤0.1mg/L;totaliron≤2mg/L;totalaluminum≤2mg/L;petroleum≤2mg/L;suspendedsolids≤30mg/L | PollutantsFromElectroplating | ntons/year | tons/year;pollutantCOD19.061250tons/year;ammonianitrogen3.0498tons/year;totalnitrogen32.9792tons/year;totalphosphorus0.2082tons/year | ||
XingDaHongYe | Wastegaspollutants | Sulfuricacidfume,hydrogenchloride,formaldehyde,hydrogencyanide,nitrogenoxide,ammonia,benzene,toluene+xylene,TVOC,tinanditscompounds,PM(dust) | Dischargeofstationarypollutionsources | 14 | Threeontheroofofplant1,tenontheroofofplant2andoneontheroofofthecanteen | sulfuricacidfume≤30mg/m3;nitrogenoxide≤200mg/m3;hydrogenchloride≤30mg/m3;hydrogencyanide≤0.5mg/m3;TVOC≤90mg/m3;benzene≤1mg/m3;toluene+xylene≤15mg/m3;tinanditscompounds≤8.5mg/m3;PM(dust)≤120mg/m3 | EmissionStandardforElectroplatingPollutantsGB21900-2008AirEmissionLimitsTable5,EmissionstandardofVolatileOrganicCompoundsforPrintingIndustryDB44/815-2010;GuangdongAirPollutantEmissionStandardDB44/27-2001theSecondLevelStandardintheSecondPeriod,EmissionstandardforOdorPollutants(GB14554-1993)Table2Standard | 2,986,560,000standardcube/year | Totaldischarge:2,986,560,000standardcube/year(note:thetotaldischargeisnotstatedinthelatestversionofnationaldischargepermitin2021;twoexhausttowerswereaddedin2021;calculatedbasedonairvolumeinenvironmentalimpactassessment) | None |
BoluoKonkaandBoluoKonkaPrecision | Pollutionsourcesofwastewater | PH,copper,COD,ammonianitrogen,totalnitrogen,totalphosphor | Dischargeofstationarypollutionsources | 1 | Maindischargeoutletofthewastewaterstation | 1.Emissionstandardforpollutiondischargecertificate:copper≤0.5mg/L;COD≤80mg/L;ammonianitrogen≤10mg/L | 1.Dischargestandardofdischargepermit:DischargeStandardofElectroplatingWaterPollutantfor | 318,300tons/yearNote:accordingtodisch | Totaldischargeamountis318,300tons/year;CODis25.464tons/year;ammonia | None |
KonkaGroupCo.,Ltd.AnnualReport2022
us | ;totalnitrogen≤20mg/L;totalphosphorus≤0.5mg/L;2.localemissionstandard:copper≤0.5mg/L;COD≤30mg/L;ammonianitrogen≤1.5mg/L;totalnitrogen≤10mg/L;totalphosphorus≤0.3mg/L | ElectroplatingDB44/1597-2015Table1PearlRiverDeltaDischargeStandard;WaterPollutantDischargeLimitStandardofGuangdongProvinceDB44/26-2001;2.Localdischargestandard:BFBH[2019]No.58Document:COD,ammonianitrogen,totalphosphorusbasedon"EnvironmentalQualityStandardsforSurfaceWaterGB3838-2002"CategoryIVwaterstandard,thetotalnitrogendischargereaches50%ofdischargelimitrequirementofthecorrespondingindustry | argepermit | nitrogenis4.775tons/year;totalnitrogenis4.8tons/year.Note:accordingtothedischargecertificate | ||||||
BoluoKonkaandBoluoKonkaPrecision | Wastegaspollutants | Sulfuricacidfume,hydrogenchloride,formaldehyde,hydrogencyanide,nitrogenoxide,ammonia,benzene,methylbenzene,TVOC,tinanditscompounds,PM | Dischargeofstationarypollutionsources | 20 | Sixontheroofofplant1,fourteenontheroofofplant2andoneinsewagestation | sulfuricacidfume≤30mg/m3;nitrogenoxide≤200mg/m3;hydrogenchloride≤30mg/m3;TVOCogenchl;benzenenchlori;methylbenzenoride≤30;dimethylbenzenede≤30mg/;tinanditscompounds≤8.5mg/m3;PM(dust)≤≤standi;oilfume≤2mg/m3 | EmissionStandardforElectroplatingPollutantsGB21900-2008AirEmissionLimitsTable5,GuangdongAirPollutantEmissionStandardDB44/27-2001theSecondLevelStandardintheSecondPeriod,EmissionstandardforOdorPollutants | / | Thetotaldischargeisnotstatedinthelatestversionofnationaldischargepermitin2020 | None |
KonkaGroupCo.,Ltd.AnnualReport2022
(dust),oilfume | (GB14554-1993)Table2Standard,Emissionstandardofcookingfume(GB18483-2001) |
Treatmentofpollutants
1.XingDaHongYeAllproductionequipmentofGuangdongXingdaHongyeElectronicsCo.,Ltd.hasbeensetupwithsupportingenvironmentalprotectionfacilitiesaccordingtotherequirementsofenvironmentalimpactassessment.Thedischargeofwastewater,wastegasandnoiseaswellasthedisposalofallsolidwastesintheCompanyallmetthestandardsduringtheReportingPeriod.ThesewagetreatmentcentreofGuangdongXingdaHongyeElectronicsCo.,Ltd.withaninvestmentofaboutRMB15millionwasformallyputintoproductioninJune2007,andthetreatmentcapacityofthesewagetreatmentfacilitywas2,566tons/day.Aftertechnicalimprovementandexpansion,thecapacityincreasedto2,900tons/daywiththetreatmentprocessremainingunchanged.In2022,RMB20millionwasinvestedtoincreaseasetofsewagetreatmentfacilitywhichhadbeenputintooperationsoastoensurestabledischargeofsewageuptostandard.Currently,thesewagetreatmentfacilitiesarefunctioningwellandthemainpollutantdischargemeetsthedischargestandardsandenvironmentalassessmentstandards.ThepollutantsaredischargedtoFushachongafterbeingtreatedattheself-builtsewagetreatmentstation.
2.BoluoKonkaandBoluoKonkaPrecisionAllproductionequipmentofBoluoKonkaandBoluoKonkaPrecisionhasbeenreportedforenvironmentalassessment,reviewandapproval.Thesupportingenvironmentalprotectionandpollutioncontrolfacilitieshavebeendesignedbypollutanttypeandconcentrationandeffectivelyoperatedinatargetedmanner.DuringtheReportingPeriod,thedischargestandardsweremetintermsofindustrialwastewater,exhaustandfactorynoise,andallindustrialwastegeneratedwasdisposedofincompliancewithenvironmentallawsandregulations.BoluoKonkawasestablishedin2000.TomanufacturesinglesidedPCBs,itinvestedapproximatelyRMB5millioninconstructingasewagetreatmentstationwithoutthebiochemicaltreatmentfunctionandfeaturingadischargecapacityof300tonsperday.In2007,BoluoKonkaexpandeditsfactorybystartingthePhaseIIproject,whichwassubmittedforenvironmentalassessmentasBoluoKonkaPCBDoubleSidedandMulti-LayerPCBProject(latertheprojectownerwaschangedintoBoluoKonkaPrecision).ItspentaboutRMB10milliononconstructingthePhaseIIsewagetreatmentstationtoaddthebiochemicaltreatmentfunctionwithadischargecapacityof800tonsperday.In2019,accordingtotherequirementsinthedocumentsissuedbyBoluoCountyEcologyand
KonkaGroupCo.,Ltd.AnnualReport2022
EnvironmentBureau,thetwosewagetreatmentstationsofBoluoKonkaandBoluoKonkaPrecisionmustbeupgradedtowardshigherstandards.Throughcomprehensiveassessmentoftheprofessionalenvironmentalprotectioncompany,itwasdecidedthatthesewagetreatmentstationsofthesaidcompaniesbecombinedtomeettheupgradingrequirements.BoluoCountyEcologyandEnvironmentBureauapprovedthecombinationofthedischargeoutletsoftheaforementionedcompanies,andBoluoKonkawouldappointBoluoKonkaPrecisiontotreatsewage.Afterthecombination,thedischargecapacitywouldreach1,100tonsperday.TheaforementionedcompaniesspentaboutRMB20millionbetween2019and2020onupgradingthesewagetreatmentstationstowardshigherstandards,andaddedindustrialadvancedprocessesandtreatmentsystems,suchasROwatertreatment,FentonoxidationandMBRfilms.Afterthetechnologicalimprovementsandexpansion,thesewagetreatmentreaches2,200tonsperday(withadischargecapacityof1,100tonsperday)withareuserateofmorethan60%.Atpresent,thewastewatertreatmentfacilitiesareoperatingingoodconditions;thedischargeofmajorpollutantsmeetsthedischargestandards.Afteradvancedtreatmentofthewaterreusefacilities,thewatertreatedbythesewagestationsthatmeetsthestandardswillbereusedintheplants,whiletheremainingwaterwillbedischargedtothemunicipalpipenetworktobeprocessedbytheurbanandruralwatertreatmentfactorybeforebeingdischargedtotheDongjiangRiver.Environmentalself-monitoringplan
1.XingDaHongYeAccordingtotherequirementsoftheEnvironmentalProtectionAdministration,XingdaHongyeattachesgreatimportancetoenvironmentalmonitoringmanagement.Thus,pursuanttotheMeasuresforSelf-MonitoringandInformationDisclosureofNationalKeyMonitoredEnterprises,theReportontheEnvironmentalImpactoftheTechnicalImprovementandExpansionProjectofGuangdongXingdaHongyeElectronicsCo.,Ltd.andthereplyopinionsforenvironmentalimpactassessment,theCompanyhasformulatedtheEnvironmentalSelf-MonitoringPlanandreportedtothemunicipalenvironmentalprotectionbureauforapprovalandrecord.ItimplementsonlinemonitoringforthePH,CODandammonianitrogenpollutantsdischargedinwastewaterthroughreal-timemonitoringandanautomaticfrequencyofeverytwohours,entruststhequalifiedthird-partyonlinemonitoringequipmentoperationandmaintenanceinstitutetocarryoutperiodicmaintenanceonautomaticmonitoringequipmentandmonitoringdatanetworkingequipment,andentruststhequalifiedthird-partymonitoringunittocarryoutthe“threewastes”projectmonitoring.Allself-monitoringplanresultswillbereportedanddisclosedonpublicplatformsonaperiodicbasis.Inthecaseofnormalproduction,theresultswillbeupdatedonadailybasis,withonlinemonitoringdatadisclosedinrealtimeandmanualmonitoringdatadisclosedontheRealtimepublicityorevery2hoursaftercompletion.Itemsmonitoredonamonthlybasiswillbedisclosed
KonkaGroupCo.,Ltd.AnnualReport2022
bythe10thdayofthemonth.Inthecaseofpublicholidays,theoperationmonitoringdatafortheholidayperiodwillbedisclosedonthefirstworkingdayaftertheholiday.Theannualself-monitoringreportforthepreviousyearwillbedisclosedattheendofJanuaryeachyear.Inthecaseofshutdownwithdaysoff,thenumberofdaysoffwillbeindicatedintheinformationbarandrelatedproofswillbesubmittedtothemonitoringcenterofthemunicipalenvironmentalbureauforrecord.TheresultsaredisclosedonGuangdongProvinceKeyPollutionSourceRegulatoryInformationPlatformandonNationalPollutionSourceMonitoringInformationManagementandSharingPlatformforpublicmonitoring.Contingencyplanforemergentenvironmentalincident
1.XingDaHongYeInstrictaccordancewithrequirementsoflaws,regulationsandrelevantdocuments,suchasLawofthePeople’sRepublicofChinaonEmergencyResponseandInterimMeasuresonEnvironmentalEmergencyResponsePlan,GuangdongXingdaHongyeElectronicsCo.,Ltd.hasestablishedriskpreventionmeasuresandemergencyresponseplans,keptitsemergencyequipmentinanormalstate,formulatedtheContingencyPlanforEmergentEnvironmentalIncident,andputonrecordsatZhongshanEnvironmentalProtectionBureau,GuangdongProvince,recordNo.:4420002017044M.Inaddition,theCompanyconductsadrillofmajorenvironmentalpollutionincidentonitsfactorytoenhanceitsemergencyresponsecapabilitiesforemergentenvironmentalpollutionincidents.Furthermore,GuangdongXingdaHongyeElectronicsCo.,Ltd.hasbuiltanemergencypool(whichisthecomprehensivewatertankinthesewagetreatmentstationcoveringanareaof800m3)andsetupafirepool(500m3andlocatedonFloor1ofFactoryBuildingNo.2),whichserveastemporarystoragepoolsforexteriordrainageorfiredrainagetoeradicateaccidentaldischargeofwastewaterinthecaseoffailedoperationofthesewagetransmissionpipelineorfireaccidentduetooutageorotherspecialcircumstances.Thesewagetransmissionpipelinehasbeenequippedwithanti-corrosionandcathodicprotectionusinganti-corrosionpipesandcarbonsteelpipes.Pursuanttothenewdischargestandards,therelateddischargepipelinehasbeenmodifiedandtheproductiondepartmenthasbeenrequiredtodischargestrictlyinaccordancewithdischargestandardstocutthecostsofwastewatertreatment.Differenttypesofwastewaterarenormallyandproperlytreatedthroughfineshunting.Personnelhavebeenspeciallyarrangedtomanagethechemicalliquidwarehouseandexertreasonablecontrolandrequirementsovertheliquiddischargebytheplantandtimelytransportationoftheliquidbysuppliers;emergencytoolssuchasprotectivemasks,bootsandimmisciblepumpshavebeenequipped.
2.BoluoKonkaandBoluoKonkaPrecisionBoluoKonkaandBoluoKonkaPrecisionstrictlyabidesbyEmergencyResponseLawofthePeople'sRepublicofChina,InterimMeasuresfortheManagementofEmergencyPlansforUnexpectedEnvironmentalIncidents,otherrelatedlawsandregulationsaswellastherequirements
KonkaGroupCo.,Ltd.AnnualReport2022
ofrelevantdocuments.Theyhaveestablishedriskpreventionmeasuresandemergencyplans,suchasEmergencyPlanforUnexpectedEnvironmentalIncidents,andhavetheiremergencyequipmentruninanormalstatus.Inaddition,theyhavefiledwithBoluoCountyBranchofEcologyandEnvironmentBureauinHuizhou,GuangdongandHuizhouEcologyandEnvironmentBureaurespectivelywiththefileNo.441322-2020-0073-Mand441301-2021-004-M.Theyorganizeallstafftoconductdrillsformajorenvironmentalpollutionincidentseveryyeartoimprovetheirabilityfortheemergencyresponsetounexpectedenvironmentalpollutionincidents.BoluoKonkaandBoluoKonkaPrecisionarewellequippedwithallnecessaryfacilitiesforemergencyresponsetounexpectedincidents,includinganemergencyresponsepoolofindustrialwastewater(500m3,underthegroundofthesewagetreatmentstation)andafirefightingreservoir(300m3,locatedbesidethestaffdormitorybuilding).Intheeventofanunexpectedenvironmentalincident,suchasleakageorfailureofawastewatertransportingpipe,theemergencyresponsepoolwillpreventanyaccidentofindustrialwastewater;intheeventofafiresafetyaccident,thefirefightingreservoirwillbeputintouse.Alldepartmentsarerequiredtodischargepollutantsstrictlyinaccordancewithpollutantdischargestandardstoreducethecostsofwastewatertreatmentbyproperlyandreasonablydividingsolutionandwastewaterdischargedfromtheplants.Thechemicalwarehousesaremanagedbydesignatedpersonnel,withstandardcontrolandrequirementsovertheloadingandunloadingofchemicalproductsbysuppliers.Intermsofemergencyresponsesupplies,afullsetofemergencyrescuetoolsareprepared,includinggasmasks,acidandalkalineresistantboots,gloves,goggles,safetyropes,helmets,firesandandsubmersiblepumps.InputinenvironmentalgovernanceandprotectionandpaymentofenvironmentalprotectiontaxNearlyRMB37millionwasinputinenvironmentalgovernanceandprotectionandRMB32,700ofenvironmentalprotectiontaxwaspaidin2022intotal.MeasurestakentodecreasecarbonemissionintheReportingPeriodandcorrespondingeffects
□Applicable√NotapplicableNoadministrativepunishmentswerereceivedintheReportingPeriodduetoenvironmentalissues.
Subsidiary | Reasonforpunishment | Violations | Penaltyresults | Impactofproductionandoperation | Rectificationmeasures |
N/A | N/A | N/A | N/A | N/A | N/A |
Otherenvironmentalinformationthatshouldbedisclosed
1.XingDaHongYeTheenvironmentalprotectioninvestmentofGuangdongXingdaHongyeElectronicsCo.,Ltd.for2022wasapproximatelyRMB22million,mainlyusedfortheinvestmentinEnvironmentalgovernanceequipmentandfacilities,treatmentofsewage,wastegasandsolidwaste,aswellasthemaintenanceandupgradingofenvironmentalprotectionequipment.
2.BoluoKonkaandBoluoKonkaPrecision
KonkaGroupCo.,Ltd.AnnualReport2022
BoluoKonkaandBoluoKonkaPrecisioninvestedapproximatelyRMB15milliononenvironmentalprotectionin2022intotal,mainlyusedfortheupgradingandtransformationofthesewagetreatmentsystem,investmentsinreclaimedwaterreusesystem,updateanddailyoperation&managementofwastegastreatmentsystemandmaintenanceandrenewalofequipment.OtherEnvironmentalInformation.AccordingtotheexaminationbytheCompany,theCompanyanditsotherholdingsubsidiariesarenotkeypollutantunits.Allhavefaithfullyimplementedthelawsandregulationsrelatedtoenvironmentalprotection,suchasEnvironmentalProtectionLawofthePeople'sRepublicofChina,WaterPollutionPreventionandControlLawofthePeople'sRepublicofChina,LawofthePeople'sRepublicofChinaonthePreventionandControlofAtmosphericPollution,LawofthePeople'sRepublicofChinaonPreventionandControlofPollutionFromEnvironmentalNoise,LawofthePeople'sRepublicofChinaonthePreventionandControlofEnvironmentalPollutionbySolidWasteinthedailyproductionandoperation,withoutbeingpunishedforviolationsoflawsandregulationsduringtheReportingPeriod.IISocialResponsibilityTheCompanyinsiststheprincipleofhealth,stabilityandsustainabledevelopmenttobenefitshareholdersandemployeesandsatisfycustomers.Inpursuitofeconomicprofitsandprotectionofshareholders’profits,theCompanyisactiveinprotectinglegalrightsofdebtorsandemployees,treatingsuppliers,customersandconsumersingoodfaith,andparticipatinginenvironmentalprotectionandcommunityestablishmentforharmoniousdevelopmentoftheCompanyandsociety.
1.Toprotectrightsofshareholdersandcreditors
(1)TheCompanyprotectsrightsofshareholdersTheCompanyinsistsprotectionofrightsforallshareholders,especiallyequalstatusandlegalrightsformediumandsmallshareholders,andmakeinsuranceofrightstobeinformed,participationandvote.TheCompanywouldperformallobligationsofinformationdisclosuretoensuretimely,accurateandcompleteinformationandstrictlyexecuteconfidentialsystemofregistrarandinsiderinformationtoguaranteejustice.TheCompanypaysattentiontorepaytoshareholders,andinsistsmutualdevelopmentwithinvestors.Inthepreviousthreeyears,theCompanysharesdividendswithallshareholders.TheCompanystrictexecutesdividendpoliciesregulatedinArticlesofAssociation.AllcashdividendscomplywithregulationsinArticlesofAssociationandrequirementsinshareholders’conference.
(2)TheCompanyprotectsrightsofcreditorsInfullconsiderationoflegalrightsofcreditors,theCompanycomplieswithstrictbusinessrulesofcreditcooperationtoguaranteelegalrightsofcreditors.Nodamagesuponrightsofcreditorshappened.
KonkaGroupCo.,Ltd.AnnualReport2022
2.TheCompanyperformsresponsibilitiestosuppliersandcustomers
(1)Itisdevotedtoimprovecustomerservicequality.TheCompanyisinsistingphilosophyofcustomerorientationtostrengthencustomerservicemanagement,serviceconsciousnessforemployees,servicelevelsandtoprotectrightsforcustomers.Throughcustomerservicehot-line,fieldvisitandfollow-upservice,theCompanyhassetagoodcorporateimageforcustomers.
(2)BehonesttosuppliersFollowingtheprincipleofintegrityandmutuallybeneficialcooperation,theCompanykeepsgoodcooperativerelationswithsuppliersateachlevel.Thecorporateprincipleisopen,fairandimpartialtostandardizeprocurement,protectsuppliers’legalrightsandlaysolidfoundationforfurthercooperation.
3.BeenthusiastictosocialandpublicwelfareundertakingsBasedontheprincipleofappreciatingandrepayingthesociety,theCompanyhasparticipatedinallkindsofactivitiesforpublicwelfare,cooperatedwithsociety,undertakensocialresponsibilitiesactivelyandpromotedharmoniousdevelopmentbetweenenterpriseandsociety.
4.BeresponsibleforemployeesTheCompanyinsiststheprincipleofpeopleorientationtoimproveworkingenvironment,promoteoccupationalskills,provideopportunityandplatformfordevelopmentandgrowthandencourageselfupgradationandrealizationforemployees.Mutualimprovementforemployeesandenterprisecouldbeachieved.
(1)Behonestandlaw-abidingtoprotectlegalrightsforemployeesTheCompanywouldstrictlycomplywithlawsandregulationsinLaborLawandLaborContractLawtosignlaborcontractwithemployeeswithfairtreatmentinemployment,payment,promotion,training,demissionandretirement.Also,theCompanywouldpayallkindsofinsurancesandhousingfundforemployees.Regularphysicalexaminationwouldbeorganizedforeachyear.Anyproblemsfoundwouldrequirere-examinationandconsultationfromadoctor.TheCompanywouldimprovelivingquality;enhancecohesiveforceandsenseofbelongingsthroughaseriesofsafeguardmeasures.
(2)ToprotectoccupationalhealthforemployeesTheCompanywouldestablishandperfecttraining,safetyassessmentbysecuritysystemtoguaranteethesafetyandoccupationalhealthforemployees.Ontheotherhand,bypromotionoftheimportanceofsafety,safetyawarenesswouldberootedinthehearttomakeallemployeesabidebysafetystandardsandfullyplaysubjectiveinitiativeinprotectingself-occupationalsafetyandproductionsafety.
(3)TopromoteoccupationalskillsbydiversifiedprofessionaltrainingTheCompanyhasalwayspaidgreatattentionondiversifiedtrainingforemployees.Ontheone
KonkaGroupCo.,Ltd.AnnualReport2022
hand,theCompanywouldbemeticulousintrainingofregularbusinessandoccupationalskillsandcarryoutallrequirementspositivelytoimproveprofessionallevelsbynormaltrainingmanagement.Ontheotherhand,theCompanywouldestablishmethodsofself-trainingplatform,traininginstructor,themetrainingandlecturestoprovidecolorfultrainingactivities.Besidesthework,professionalandcomprehensivequalitywouldbefullypromoted.
5.BeresponsibleforenvironmentTheCompanyconcernsaboutenvironmentalchangesandcloserelationshipswithenvironmentbycreatinglowcarboneconomyintechnicalinnovation,fromgreenmanufacturing,greenproductstogreenindustrycirculareconomy.TheCompanywouldprovideeffortsinprotectingglobalecologicalenvironment.InJune2012,subsidizedproductscataloguehadbeenreleasedjointlybyNationalDevelopmentandReformCommission,MinistryofIndustryandInformationandMinistryofFinance.Subsequently,theCompanywouldundertakeallsocialresponsibilitiesbyimprovingstrategicmanagement,sustainabledevelopmentandenterpriseeconomicefficiency.Itwouldreattributeallshareholdersandwouldprotectlegalrightsforcreditorsandemployees.Tobehonesttosuppliersandcustomers,theCompanywouldservelocaleconomicdevelopmentandparticipateinsocialpublicwelfareactivitiesandenvironmentprotection.Itwouldundertakeallresponsibilitiesinmanyfieldsandmakeattributionstosocial,economic,andenvironmentalsustainabledevelopmentforasocialismharmonioussociety.IIIConsolidationandExpansionofPovertyAlleviationOutcomes,andRuralRevitalizationIn2022,theCompanycontinuedtoactivelypurchasetheagriculturalandside-lineproductsfromTianzhuandSansuicountiesinGuizhouProvinceunderthe"assistancebyconsumption"project,andcumulativelypurchasedlocalagriculturalproductsworthRMB0.25millionthisyear.Intheearlydaysof2022,KonkaGroupmadeavaliantdecisiontochoose100“dreampartners”fromwithintoprovidepersonalizededucationalaidtoimpoverishedpupilsinthecountiesofTianzhuandSansuiinGuizhou.Inanefforttofullyembracethenationalpolicyoftargetededucationassistance,theorganizationdiligentlyexecutedprecisemeasuresandinitiatives.Acomprehensivepolicyandsupportsystemgearedtowardstheeradicationofeducationalpovertywereestablished,encompassingallstudentswitheconomicdisadvantages,fromthoseenrolledincompulsoryeducationtothoseattendingvocationalschoolsandhighereducationinstitutions.Remarkably,thecompany’srateofassistancetopupilsregisteredunderthenationalpovertyalleviationprogramreachedanastounding100%.
KonkaGroupCo.,Ltd.AnnualReport2022
PartVISignificantEventsIFulfillmentofCommitments
1.CommitmentsoftheCompany’sDeFactoController,Shareholders,RelatedPartiesandAcquirers,aswellastheCompanyItselfandOtherEntitiesFulfilledintheReportingPeriodorOngoingatthePeriod-End
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.WherethereHadBeenanEarningsForecastforanAssetorProjectandtheReportingPeriodWasstillwithintheForecastPeriod,ExplainwhytheForecastHasBeenReachedfortheReportingPeriod.
□Applicable√NotapplicableIIOccupationoftheCompany’sCapitalbytheControllingShareholderoranyofItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IIIIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IVExplanationsGivenbytheBoardofDirectorsRegardingtheLatest“ModifiedOpinion”ontheFinancialStatements
□Applicable√NotapplicableVExplanationsGivenbytheBoardofDirectors,theSupervisoryBoardandtheIndependentDirectors(ifany)RegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsoftheReportingPeriod
□Applicable√NotapplicableVIYoYChangestoAccountingPolicies,EstimatesorCorrectionofMaterialAccountingErrors
□Applicable√NotapplicableVIIYoYChangestotheScopeoftheConsolidatedFinancialStatements
√Applicable□NotapplicablePleasereferto6.ChangesintheScopeofConsolidatedFinancialStatementsfortheReportingPeriodof2.RevenueandCostsofIVCoreBusinessAnalysisinPartIIIOperatingPerformanceDiscussionandAnalysisofthisReportfordetails.
KonkaGroupCo.,Ltd.AnnualReport2022
VIIIEngagementandDisengagementofIndependentAuditorCurrentindependentauditor
Nameofthedomesticindependentauditor | ShineWingCertifiedPublicAccountantsLLP |
TheCompany’spaymenttothedomesticindependentauditor(RMB’0,000) | 220 |
HowmanyconsecutiveyearsthedomesticindependentauditorhasprovidedauditservicefortheCompany | 4years |
Namesofthecertifiedpublicaccountantsfromthedomesticindependentauditorwritingsignaturesontheauditor’sreport | TangQimei,LiuLihong |
HowmanyconsecutiveyearsthecertifiedpublicaccountantshaveprovidedauditservicefortheCompany | 2years,1years |
Nameoftheoverseasindependentauditor(ifany) | N/A |
TheCompany’spaymenttotheoverseasindependentauditor(RMB’0,000)(ifany) | 0 |
HowmanyconsecutiveyearstheoverseasindependentauditorhasprovidedauditservicefortheCompany(ifany) | N/A |
Namesofthecertifiedpublicaccountantsfromtheoverseasindependentauditorwritingsignaturesontheauditor’sreport(ifany) | N/A |
HowmanyconsecutiveyearsthecertifiedpublicaccountantshaveprovidedauditservicefortheCompany(ifany) | N/A |
IndicatebytickmarkwhethertheindependentauditorwaschangedfortheReportingPeriod
□Yes√NoIndependentauditor,financialadvisororsponsorengagedfortheauditofinternalcontrols:
√Applicable□NotapplicableTheCompanyappointedShineWingCertifiedPublicAccountantsLLPastheinternalcontrolauditorin2022withRMB0.7millionofpaymentfortheinternalcontrolaudit.IXPossibilityofDelistingafterDisclosureofthisReport
□Applicable√NotapplicableXInsolvencyandReorganization
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIMajorLegalMatters
Generalinformation | Involvedamount(RMB’0,000) | Provision | Progress | Decisionsandeffects | Executionofdecisions | Disclosuredate | Indextodisclosedinformation |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedDalianGuangxin | 3,137.20 | No | Thecasehasenteredtheexecutionphase. | Thecasehasenteredtheexecutionphase.Basedontheprincipleofprudence,the | Thecaseisinexecution. | 19September2020 | http://www.cninfo.com.cn/new/index |
KonkaGroupCo.,Ltd.AnnualReport2022
EnvironmentalProtectionEquipmentTechnologyDevelopmentCo.,Ltd.,requiringthelattertoreturnequipmentpaymentalreadymadeandpayliquidateddamages. | Companyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | ||||||
AsthebillsheldbytheCompanyfailedtobepaiduponmaturity,theCompanyfiledalawsuitwiththecourt,requestingthelattertoorderWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.topaytheaforesaidbillsandcorrespondinginteresttotheCompany. | 20,000 | No | Thecasehasenteredtheexecutionphase. | TheCompanywonandthecaseisinexecution.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisinexecution. | 19September2020 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,WumartStores,Inc.suedtheBeijingBranchoftheCompanytothePeople'sCourtofShijingshanDistrictinBeijing,requiringtheBeijingBranchtoreturntheprepaymentforgoods. | 1,783.07 | No | Thesecondinstancehasbeenconcluded. | Thesecondinstancehasbeenconcluded.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thejudgmenthasbeenfulfilled. | 25June2019 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverloan,theCompany'ssubsidiary,AnhuiKonkaElectronicCo.,Ltd.,appliedforarbitrationwithChuzhouArbitrationCommission,requiringtherespondent,MakenaElectronic(Shenzhen)Co.,Ltd.,toassumetheguaranteeresponsibility. | 2,141.50 | No | Thejudgmenthasbeenfulfilled. | Thejudgmenthasbeenfulfilled.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thejudgmenthasbeenfulfilled. | 19September2020 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoveracontract,theCompanyfiledalawsuitwithZhengzouIntermediatePeople'sCourt,requiringHenanRadioandTelevisionNetworkCo.,Ltd.totakedeliveryofgoods,makepaymentforgoods,andpayinterestandliquidateddamagesaccordingtothecontract. | 3,904.90 | No | Thecasehasenteredtheexecutionphase. | Thecasehasenteredtheexecutionphase.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisinexecution. | 19September2020 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoveralogisticscontract,HefeiAnludaLogisticsCo.,Ltd.suedtheCompany'ssubsidiary,AnhuiKonkaTongchuangElectricalAppliancesCo.,Ltd.withthepeople'scourtofNanqiaoDistrict,Huzhou,requiringittoreturntheperformancebond,paythetransportationfeethat'salreadyincurredandinterest,aswellasundertakethelegalcost. | 1,282.8 | No | Theretrialhasbeendecided. | Theretrialhasbeendecided. | Thejudgmenthasbeenfulfilled. | 19September2020 | http://www.cninfo.com.cn/new/index |
Asaresultofcontractual | 15,4 | No | Thecase | TheCompanywon | Thecaseisin | 30 | http://ww |
KonkaGroupCo.,Ltd.AnnualReport2022
disputes,ShenzhenKonkaUnifortuneTechnologyCo.,Ltd.,asubsidiaryoftheCompany,hasinitiatedlegalproceedingsagainstShenzhenYaodeTechnologyCo.,Ltd.,DongshengXinluoTechnology(Shenzhen)Co.,Ltd.,ShenzhenHongyaoDingshengInvestmentManagementLimitedPartnership,ShenzhenXiangruiYingtongInvestmentManagementLimitedPartnership,LuoJingxia,LuoZongwu,LuoZongyin,LuoZaotong,andLuoSaiyin,seekingrestitutionforgoodsreceivedandclaimingdamagesforbreachofcontract. | 53.44 | hasenteredtheexecutionphase. | andthecaseisinexecution.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | execution. | November2021 | w.cninfo.com.cn/new/index | |
OnaccountoftheinfringementoftheCompany’strademarkrightsandthepracticeofunfaircompetition,alawsuithasbeeninstitutedbytheCompanyagainstXinshangElectronicsCo.,Ltd.,locatedinFu’anCity,aswellasFujianZhaoguanIndustryandTradeCo.,Ltd.,JinhuaKangjiaMedicalEquipmentFactory,andWangJun,seekinganinjunctiveordertohalttheinfringement,andclaimingcompensationforanyincurredlosses. | 3,000 | No | Thecasehasenteredtheexecutionphase. | TheCompanywonandthecaseisinexecution. | Thecaseisinexecution. | 30November2021 | http://www.cninfo.com.cn/new/index |
Asaresultofadisputearisingfromasharebuyback,theCompanyhasinitiatedlegalproceedingsagainstLuoZaotong,LuoJingxia,LuoZongyin,LuoZongwu,andShenzhenYaodeTechnologyCo.,Ltd.Thelawsuitseeksaninjunctiveordertocompelthedefendantstopaythesharebuybackamount,aswellasanyapplicableinterest. | 24,875.22 | No | TheCompanywonandthejudgmenthastakeneffect. | TheCompanywon. | Anapplicationhasbeenmadetothecourtforenforcement. | 30November2021 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoveracontract,MakenaElectronic(Shenzhen)Co.,Ltd.filedalawsuitwiththecourt,requiringtheCompanyandtheCompany'ssubsidiary,ShenzhenKonkaElectronicsTechnologyCo.,Ltd.,tomakepaymentforgoodsandpayinterestforoverduepayment. | 2,662.43 | No | Theplaintiffhaswithdrawnthelawsuit. | Theplaintiffhaswithdrawnthelawsuit. | Theplaintiffhaswithdrawnthelawsuit. | 1December2021 | http://www.cninfo.com.cn/new/index |
Asaresultofadisputearisingfromathird-partyobjectiontoexecution,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,asubsidiaryoftheCompany,hasinstitutedlegalproceedingsagainstFuxin | 11,292.73 | No | Thecaseisbeingheardinthesecondtrial | Thecaseisbeingheardinthesecondtrial | Thecaseisintrial. | 24November2022 | http://www.cninfo.com.cn/new/index |
KonkaGroupCo.,Ltd.AnnualReport2022
BankCo.,Ltd.andHuanjiaGroupCo.,Ltd.,seekinganorderfromthecourttoaffirmtheplaintiff’sownershipofthegoodsandtoexcludethedefendant’sexecution
Asaresultofadisputearisingfromathird-partyobjectiontoexecution,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,asubsidiaryoftheCompany,hasinstitutedlegalproceedingsagainstFuxinBankCo.,Ltd.andDalianJinjiaMaterialsRecyclingCo.,Ltd.,seekinganorderfromthecourttoaffirmtheplaintiff’sownershipofthegoodsandtoexcludethedefendant’sexecution | 9,243.37 | No | Thecaseisbeingheardinthesecondtrial | Thecaseisbeingheardinthesecondtrial | Thecaseisintrial. | 24November2022 | http://www.cninfo.com.cn/new/index |
Duetoadisputearisingfromathird-partyobjectiontoexecution,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,asubsidiaryoftheCompany,hasinstitutedlegalproceedingsagainstFuxinBankCo.,Ltd.,DalianJinkaisxuanRenewableResourceAcquisitionChainCo.,Ltd.,DalianYingtaiPaperCo.,Ltd.,DalianZhanhongRenewableResourceRecyclingCo.,Ltd.,andWangJinping,seekinganorderfromthecourttoaffirmtheplaintiff’sownershipofthegoodsandtoexcludethedefendant’sexecution | 3,573.17 | No | Thecaseisbeingheardinthesecondtrial | Thecaseisbeingheardinthesecondtrial | Thecaseisintrial. | 24November2022 | http://www.cninfo.com.cn/new/index |
Note:CourtsorarbitrationbodiesruledinfavoroftheCompanyinthefollowingcaseswhicharecurrentlyunderenforcement.DetailsofthesecasescanbefoundintheCompany'sAnnouncementonLargeAmountPendingLawsuitsandArbitrationsdisclosedon25June2019(AnnouncementNo.2019-63),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon19September2020(AnnouncementNo.2020-97),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon1June2021(AnnouncementNo.2021-48),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon1December2021(AnnouncementNo.2021-101),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon24November2022(AnnouncementNo.2022-89)andtheCompany'speriodicreports:1.Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestChinaEnergyElectricFuelCo.,Ltd.,ChinaEnergy(Shanghai)EnterpriseCo.,Ltd..,ShanghaiNengpingindustrialCo.,Ltd.,andShenzhenQianhaiBaoyingFactoringCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany;2.Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestShanghaiHuaxinInternationalGroupCo.,Ltd.andTianjinInternationalTradePetrochemicalCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany;3.Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestShanghaiHuaxinInternationalGroupCo.,Ltd.QingdaoBondedZhongsheInternationalTradingCo.,Ltd.andShenzhenQianhaiBenniuAgriculturalTechnologyCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany;4.Asaconsequenceofthenon-paymentofabilluponitsexpiry,KongkaFactoringhasinstitutedlegalproceedingsbeforethecourt.ThelawsuitseeksaninjunctiveordermandatingTaheGroupCo.,Ltd.,FuzhouTaijiaIndustrialCo.,Ltd.,andXiamenLianchuangMicroelectronicsCo.,Ltd.toremitpaymentforthebillamount,alongwiththecorrespondinginterest,toKongkaFactoring.;5.Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestHefeiHuajunTradingCo.,Ltd.andWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany;6.Duetodisputearisenfromalogisticscontract,theCompany’ssubsidiaryAnhuiKonkafiledalawsuittorequestthefreightforwarderShanghaiTriangle
KonkaGroupCo.,Ltd.AnnualReport2022
LinkLogisticsCo.,Ltd.ShenzhenBranchtomakecompensation;7.Duetocontractdispute,theCompany’ssubsidiaryShenzhenNianhuaappliedforarbitrationtorequesttherespondentFangXianglongandJiangYantomakecompensationforcorrespondingannualprofitandfundpossessioncost;8.Duetopaymentdispute,theCompany’ssubsidiaryHongKongKonkaappliedforanarbitrationtoShenzhenCourtofInternationalArbitrationtorequesttherespondentMakenaElectronic(HongKong)topayforgoodsandliquidateddamages;9.Becauseofadisputeovercapitalincrease,theCompany'ssubsidiary,ShenzhenKonkaInvestmentHoldingCo.,Ltd.,appliedforarbitrationwiththeShenzhenCourtofInternationalArbitration(SCIA),requestingtherespondents,ElionResourcesGroupandElionEcologicalCo.,Ltd.,toperformtherepurchaseobligation;10.Asaresultofadisputestemmingfromaninternationalsaleofgoodscontract,AnhuiKonkaElectronicCo.,Ltd.,asubsidiaryoftheCompany,hasinitiatedlegalproceedingsagainstMaoxinyuanElectronics(HongKong)Co.,Ltd.Thelawsuitseeksaninjunctiveordercompellingtherespondenttopaytheapplicanttheoverduepaymentinterestlosses;11.Asaresultofadisputearisingfromaninternationalsaleofgoodscontract,AnhuiKangzhiTradeCo.,Ltd.,asubsidiaryoftheCompany,hasinitiatedlegalproceedingsagainstB<ECHNOLOGYCO.,LIMITED.Thelawsuitseeksaninjunctiveordercompellingtherespondenttopaythepurchaseprice,aswellasanypenaltiesforbreachofcontract.12.Becauseofadisputeoveranagencyagreement,theCompany'ssubsidiary,HenanFrestecRefrigerationApplianceCo.,Ltd.suedShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,ShantouMeisenTechnologyCo.,Ltd.,LinYuanqin,HuangRuirong,ChuangfuShoppingCentreRealEstateDevelopment(Huizhou)Co.,Ltd.,requestingtoterminatethecontractandrequestingthemtoreturnthepaymentofgoodsandliquidateddamagesandpriorityshallbegiventothepaymentforthesecuredassets.Thefollowingcaseshavebeendisclosedincurrentannouncementsandperiodicreportsandarecurrentlyintrial.DetailsofthesecasescanbefoundintheCompany'sAnnouncementonLargeAmountPendingLawsuitsandArbitrationsdisclosedon25June2019(AnnouncementNo.2020-97)andtheAnnouncementonAccumulatedLawsuitsandArbitrationsdisclosedon1June2021(AnnouncementNo.2021-48)andtheAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon1December2021(AnnouncementNo.2021-101),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon24November2022(AnnouncementNo.2022-89)andtheCompany'speriodicreports:1.ThecustomerofHongKongKonka,H-BUSTERSAOPAULOINDUSTRIAECOMERCIOS.A(Brazil)wasinsolvent,andobtainedtheapprovalofthejudicialreorganizationapplicationofCotiaThirdCivilCourtoftheCourtofSaoPaulo,BrazilinMay2013.AsthecreditorofH-BUSTER,HongKongKonkafiledthedebtdeclarationdocuments,andinAugust2014,theamountconfirmedofdebtwasUSD2.78million.2.DuetotheJiangxiXinxinJian’anEngineeringCo.,Ltd.(hereinafterreferredtoasthe“JiangxiXinxin”),JiangxiShanshiTechnologyDevelopmentCo.,Ltd.(hereinafterreferredtoasthe“JiangxiShanshi”),JiangxiZhongyiDecorationMaterialsCo.,Ltd.(hereinafterreferredtoasthe“JiangxiZhongyi”)failedtorepaytheloananditsinterestofChinaGreatWallAMCJiangxiBranch(hereinafterreferredtoasthe“GreatWallJiangxiBranch”),theGreatWallJiangxiBranchsuedtothecourt,andrequiredJiangxiXinxin,JiangxiShanshi,JiangxiZhongyitorepayRMB300millionwithRMB108,000liquidateddamages,andRMB13.65millionofinterest.Meanwhile,9guarantorsincludingJiangxiKonka,XinfengMicrocrystallineandNanocrystalarerequiredtoundertakejointliabilityguaranty.ThejudgmentoffirstinstancerequiredthatJiangxiXinxin,JiangxiZhongyiandJiangxiShanshishallrepaytheprincipal,interestandliquidateddamagestoGreatWallJiangxiBranchandtheguarantorsbearthejointliabilityforsatisfactiontothedebts.Thedefendantshaveappealedagainstthefirstinstancejudgment.Later,thecourtofsecondinstanceruledthatthecaseshouldbereturnedtothecourtoffirstinstanceforretrial.3.Becauseofadisputeoveranagencyagreement,theCompany'ssubsidiary,HenanFrestecRefrigerationApplianceCo.,Ltd.,suedShantouMeisenTechnologyCo.,Ltd.,ShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,LinYuanqin,HuangRuirong,JiangsuHuadongHardwareZoneCo.,Ltd.,andChuangfuCommerce&TradePlazaRealEstateDevelopment(Huizhou)Co.,Ltd.,requestingtoterminatethecontractandrequestingthemtoreturnthepaymentofgoodsandliquidateddamagesandpriorityshallbegiventothepaymentforthesecuredassets,andthecasewasheardinthesecondtrial;4.BecauseofadisputeoveranAgencyAgreement,theCompany'ssubsidiary,AnhuiKonkaElectronicsTechnologyCo.,Ltd.suedShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,ShantouMeisenTechnologyCo.,Ltd.,LinYuanqin,HuangRuirong,JiangsuHuadongHardwareZoneCo.,Ltd.,requestingtoterminatethecontractandrequestingthemtoreturnthepaymentofgoodsandliquidateddamagesandpriorityshallbegiventothepaymentforthesecuredassets,andthecasewasheardinthesecondtrial;5.BecauseofadisputeoveranAgencyAgreement,theCompany'ssubsidiary,AnhuiKonkaElectronicsTechnologyCo.,Ltd.suedShantouMeisenTechnologyCo.,Ltd.,ShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,LinYuanqin,HuangRuirong,JiangsuHuadongHardwareZoneCo.,Ltd.,requestingtoterminatethecontractandrequestingthemtoreturnthepaymentofgoodsandliquidateddamagesandpriorityshallbegiventothepaymentforthesecuredassets;6.BecauseofadisputeoveranAgencyAgreement,theCompany'ssubsidiary,HainanKonkaMaterialTechnologyCo.,Ltd.suedShantouMeisenTechnologyCo.,Ltd.,Shenzhen
KonkaGroupCo.,Ltd.AnnualReport2022
MeisenyuanPlasticElectronicsCo.,Ltd.,JiangsuHuadongHardwareZoneCo.,Ltd.,requestingtoterminatethecontractandrequestingthemtoreturnthepaymentofgoodsandliquidateddamagesandpriorityshallbegiventothepaymentforthesecuredassets;7.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedDalianJinshundaMaterialRecyclingCo.,Ltd.,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.8.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedDalianXinjieRenewableResourcesCo.,Ltd,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.9.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedDalianTianxingRenewableResourcesCo.,Ltd,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.10.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHuanjiaMingtai(Dalian)RenewableResourcesCo.,Ltd,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.11.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedLankaoShunjiaRenewableResourcesCo.,Ltd,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.12.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHenanShunhenghuiRenewableResourcesCo.,Ltd,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.13.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHenanJiaxinRenewableResourcesCo.,Ltd,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.14.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHenanShengxiangRenewableResourcesCo.,Ltd,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.15.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedZhejiangJiadeRenewableResourcesCo.,Ltd,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.
16.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedZhejiangZhijieRenewableResourceRecyclingCo.,Ltd.,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.17.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedZhejiangXinkaiRenewableResourceRecyclingCo.,Ltd.,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.18.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHenanHuanjiaChengxinEco-protectionTechnologyCo.,Ltd.,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.19.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHenanXinchengRenewableResourceRecyclingCo.,Ltd.,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.20.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHenanGuozhengEco-protectionTechnologyCo.,Ltd.,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturntheadvancepaymentandpayliquidateddamages,andthecasewasheardinthesecondtrial.21.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,DongguanKonkaElectronicCo.,Ltd.,filedalawsuitwiththePeople'sCourtofNanshanDistrictinShenzhen,requestingDongguanGaonengHighPolymerMaterialsCo.,Ltd.,WangDong,ShenzhenXinlianXingyaoTradeCo.,Ltd.,ShenzhenJinchuanQianchaoNetworkTechnologyCo.,Ltd.,PuningJunlongTradeCo.,Ltd.andHuangZhihaotomaketheoverduepaymentforgoodsandpaycorrespondingliquidateddamages,andthecasewasheardinthesecondtrial;22.Inviewofadisputearisingfromacommission
KonkaGroupCo.,Ltd.AnnualReport2022
contract,ShenzhenKonkaPengrunTechnology&IndustryCo.,Ltd.,asubsidiaryoftheCompany,hasinstitutedlegalproceedingsagainstGuang’anOuchishiElectronicTechnologyCo.,Ltd.,GuanHongshao,HuayingGaokeDeElectronicTechnologyCo.,Ltd.,HuayingGaokeLongElectronicTechnologyCo.,Ltd.,GuizhouJiaguidaTechnologyCo.,Ltd.,SichuanHongrongyuanPropertyCo.,Ltd.,DuXinyu,LinBolong,andWangShisheng,seekinganorderforthedefendantstopaythepurchasepriceandclaimingdamagesforbreachofcontract;23.Inviewofadisputearisingfromaloancontract,theCompanyhasinitiatedlegalproceedingsagainstYantaiKangyueInvestmentCo.,Ltd.,seekinganorderforthedefendanttorepaytheloanandinterest;24.Duetoadisputearisingfromaguaranteecontract,HongKongKonkaLimited,asubsidiaryoftheCompany,hasinitiatedlegalproceedingsagainstXuXiang,ZhengBaoyao,KeHanhua,andShenzhenJinzhongIndustryCo.,Ltd.,seekinganorderforthedefendantstoassumeguaranteeliability;25Asaresultofadisputearisingfromaninternationalsaleofgoodscontract,JiaxinTechnologyCo.,Ltd.,asubsidiaryoftheCompany,hasinitiatedlegalproceedingsagainstDingxinElectronicTechnology(HongKong)Co.,Ltd.,ChenWenhuan,andChenBaohong,seekinganorderforthedefendantstopayforthegoodsandclaimingdamagesforbreachofcontract;26.Asaresultofadisputearisingfromaguaranteecontract,AnhuiKonkaElectronicCo.,Ltd.,asubsidiaryoftheCompany,hasinitiatedlegalproceedingsagainstMaoxinyuanElectronics(Shenzhen)Co.,Ltd.,seekinganorderforthedefendanttoassumejointguaranteeliabilitytotheplaintiff,andthecasewasheardinthesecondtrial;27.Duetoadisputearisingfromaninstallmentpurchasecontract,WuRonghasinstitutedlegalproceedingsagainsttheCompanyanditssubsidiary,ShenzhenKonkaElectronicsTechnologyCo.,Ltd.,seekinganorderforthepaymentofthepurchasepriceandoverduepaymentinteresttotheplaintiff;28.Asaresultofadisputearisingfromacontract,ShenzhenOrientalEntrepreneurshipInvestmentCo.,Ltd.hasinitiatedlegalproceedingsagainsttheCompany,seekinganorderforthepaymentoftherepurchaseamountandclaimingdamagesforbreachofcontract.
XIIPunishmentsandRectifications
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIIICreditQualityoftheCompanyaswellasitsControllingShareholderandDeFactoController
□Applicable√NotapplicableXIVMajorRelated-PartyTransactions
1.ContinuingRelated-PartyTransactions
√Applicable□Notapplicable
Relatedparty | RelationshipwiththeCompany | Typeoftransaction | Specifictransaction | Pricingprinciple | Transactionprice | Totalvalue(RMB’0,000) | As%oftotalvalueofallsame-typetransactions | Approvedtransactionline(RMB’0,000) | Overtheapprovedlineornot | Methodofsettlement | Obtainablemarketpriceforsame-typetransactions | Disclosuredate | Indextodisclosedinformation |
OCTEnterprisesCo.,Ltdanditssubsidiaries | Underthesameactualcontroller | Purchaseofcommoditiesandservices | Propertymanagement,utilities,officeleases | Negotiatedprice | Marketprice | 7,120.55 | 0.72% | 10,000 | Not | Cash | N/A | 30March2022 | http://www.cninfo.com.cn/new/index |
OCTEnterprisesCo.,Ltdand | Underthesameactualcontroller | Salesofgoodsand | SalesofTVs,intelligenttermin | Negotiatedprice | Marketprice | 17,867.70 | 1.75% | 20,000 | Not | Cash | N/A | 30March2022 |
KonkaGroupCo.,Ltd.AnnualReport2022
itssubsidiaries | services | als,etc.andcharginginstallationfeesofsmartTVterminalsandotherfees. | |||||||||||
Total | -- | -- | 24,988.25 | -- | 30,000 | -- | -- | -- | -- | -- | |||
Large-amountsalesreturnindetail | N/A | ||||||||||||
GivetheactualsituationintheReportingPeriod(ifany)whereanestimatehadbeenmadeforthetotalvalueofcontinuingrelated-partytransactionsbytypetooccurintheReportingPeriod | TheCompanyhaspublishedtheForecastingPublicNoticeonRoutineRelated-partyTransactionforY2022onSecuritiesTimes,ShanghaiSecuritiesNews,andChinaSecuritiesJournalaswellastheInternetwebsitedesignatedbyCSRChttp://http://www.cninfo.com.cn/new/indexon30March2022.IntheReportingPeriod,thebasisforpricing,transactionprice,transactionamountandsettlementmethodsofrawmaterialspurchasedbytheCompanywerebasicallyinaccordancewiththeforecast.ThetotalamountwasRMB249,882,500. | ||||||||||||
Reasonforanysignificantdifferencebetweenthetransactionpriceandthemarketreferenceprice(ifapplicable) | N/A |
2.Related-PartyTransactionsRegardingPurchaseorSalesofAssetsorEquityInterests
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
3.RelatedTransactionsRegardingJointInvestmentsinThirdParties
√Applicable□NotapplicableReferto7.OtherMajorRelated-PartyTransactionsofthissectionfordetails.
4.CreditsandLiabilitieswithRelatedParties
√Applicable□NotapplicableIndicatebytickmarkwhethertherewereanycreditsandliabilitieswithrelatedpartiesfornon-operatingpurposes.
√Yes□NoCreditsreceivablewithrelatedparties:
Relatedparty | Relatedrelationship | Formingreason | Whetherthereisoccupationonnon-operatingcapitalornot | Beginningbalance(RMB’0,000) | IncreasedintheReportingPeriod(RMB’0,000) | RecoveredintheReportingPeriod(RMB’0,000) | Interestrate | InterestintheReportingPeriod(RMB’0,000) | Endingbalance(RMB’0,000) |
ChuzhouKangjinHealthIndustry | Subsidiaryofcontrolling | Demandofbusinessdevelopm | Not | 15,773.64 | 0 | 15,773.64 | 7.00% | 695.90 | 0 |
KonkaGroupCo.,Ltd.AnnualReport2022
DevelopmentCo.,Ltd. | shareholder | ent | |
EffectsofcreditswithrelatedpartiesontheCompany’soperatingresultsandfinancialconditions | NoeffecttothenormaloperationoftheCompany.OthershareholdersoftheCompanyandChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd.offerfinancialassistanceunderthesameconditionsinaccordancetotheirshareholdingratio. |
Liabilitiespayablewithrelatedparties:
Relatedparty | Relatedrelationship | Formingreason | Beginningbalance(RMB’0,000) | IncreasedintheReportingPeriod(RMB’0,000) | RecoveredintheReportingPeriod(RMB’0,000) | Interestrate | InterestintheReportingPeriod(RMB’0,000) | Endingbalance(RMB’0,000) |
OCTEnterprisesCo.,Ltd. | Controllingshareholder | TheCompanyappliesentrustedloantoit | 1,091.00 | 0 | 1,091.00 | 3.85% | 21.02 | 0 |
100,000.00 | 0 | 100,000.00 | 3.85% | 2,297.25 | 0 | |||
20,000.00 | 0 | 20,000.00 | 3.85% | 598.54 | 0 | |||
0 | 150,000.00 | 18,909.00 | 3.85% | 5,585.46 | 131,091.00 | |||
0 | 50,000.00 | 0 | 3.85% | 1,213.82 | 50,000.00 | |||
0 | 70,000.00 | 0 | 3.85% | 1,646.94 | 70,000.00 | |||
0 | 100,000.00 | 100,000.00 | 3.85% | 10.69 | 0 | |||
EffectsofliabilitieswithrelatedpartiesontheCompany’soperatingresultsandfinancialconditions | TheCompanyappliesentrustedloanfromOCTEnterprisesCo.,Ltd.whichmeetstheneedsofthecompany'sexistingbusinessdevelopmentandreducesthefinancingcost. |
5.TransactionswithRelatedFinanceCompanies
□Applicable√NotapplicableTheCompanydidnotmakedepositsin,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedfinancecompanyoranyotherrelatedparties.
6.TransactionswithRelatedPartiesbyFinanceCompaniesControlledbytheCompany
□Applicable√NotapplicableThefinancecompanycontrolledbytheCompanydidnotmakedeposits,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedparties.
7.OtherMajorRelated-PartyTransactions
√Applicable□Notapplicable
(1)TheCompany’sCounter-GuaranteestoAffiliatedCompanies:On21February2022,the54thmeetingofthe9thBoardofDirectorsandthefirstextraordinarygeneralmeetingofshareholdersin2022heldon22March2022approvedtheproposalShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd.ProvidingCounter-GuaranteestoShenzhenOverseasChineseTownCo.,Ltd.Duetotheneedforbusinessdevelopment,ShenzhenOverseasChineseTownCo.,Ltd.providedafulljointandseveralliabilityguaranteeforthe800millionyuanfinancingofYibinOverseasChineseTownSanjiangRealEstateCo.,Ltd.,ajointventureofShenzhenKonkaCommunicationTechnologyCo.,Ltd.Therefore,ShenzhenKonkaCommunicationTechnologyCo.,Ltd.providesacounterguaranteeofnomorethan160millionyuantoShenzhenOverseasChineseTownCo.,Ltd.
KonkaGroupCo.,Ltd.AnnualReport2022
basedonitsshareholdingratioinYibinOverseasChineseTownSanjiangRealEstateCo.,Ltd.Thecounterguaranteemethodisjointliabilityguarantee,andthevalidityperiodoftheguaranteeamountisthreeyears.Duringthereportingperiod,ShenzhenKonkaCommunicationTechnologyCo.,Ltd.providedacounterguaranteeof100millionyuantoShenzhenOverseasChineseTownCo.,Ltd.basedonitsshareholdingratio.
(2)ApplicationforComprehensiveCreditLimitfromChinaEverbrightBankCo.,Ltd.:The56thmeetingofthe9thBoardofDirectorson28March2022,approvedtheproposalApplicationforComprehensiveCreditLimitfromChinaEverbrightBankCo.,Ltd.TheCompanyappliedforacomprehensivecreditlimitnotexceedingRMB1.5billionfromChinaEverbrightBankCo.,Ltd.tomeetitsdailyoperatingcapitalneeds.Duringthereportingperiod,theCompanysignedacreditagreementwithChinaEverbrightBankCo.,Ltd.foracreditamountofRMB1billion.
(3)Counter-guaranteesforBankCreditFacilitiesApplication:The56thmeetingofthe9thBoardofDirectorson28March2022andthe2021AnnualGeneralMeetingofShareholderson25April2022,approvedtheproposalProvidingCounter-guaranteesforBankCreditFacilitiesApplicationbytheCompany.Toreducefinancingcosts,OverseasChineseTownHoldingsCompany(“OCTGroup”forshort)providedafull,unconditional,andirrevocablejointandseveralliabilityguarantee(the“Guarantee”)fortheCompany’sbankcreditfacilitiesapplication,notexceedingRMB2.5billion.Inturn,theCompanyplanstooffercounter-guaranteestoOverseasChineseTownGroupofanequalamountandterm,withananticipatedcounter-guaranteeamountnotexceedingRMB2.5billion,andaguaranteelimitvalidforamaximumofthreeyears.
(4)GuaranteeLimitsforAffiliatedCompanies:The57thmeetingofthe9thBoardofDirectorson27April2022andthesecondextraordinarygeneralmeetingofshareholdersin2022on16May2022,passedtheproposalsProvidingGuaranteeLimitsforKunshanKangshengInvestmentDevelopmentCo.,Ltd.andProvidingGuaranteeLimitsforChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd.Accordingtoitsshareholdingproportion,theCompanyintendstoincreasethecreditguaranteelimitforKunshanKangshengInvestmentDevelopmentCo.,Ltd.(“KunshanKangshengCompany”)byRMB49million,withaguaranteelimitvalidforthreeyears.OthershareholdersofKunshanKangshengCompanywillprovideguaranteesforKunshanKangshengCompanybasedontheirrespectiveshareholdingproportions,togetherwiththeCompany.Asaresult,thetotalguaranteelimitprovidedbytheCompanyforKunshanKangshengCompanywillincreasetoRMB294million.TheCompanyalsoplanstoprovideacreditguaranteelimitofRMB98millionforChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd.(“ChuzhouKonkaCompany”)accordingtoitsshareholdingproportion,withaguaranteelimitvalidforthreeyears.OthershareholdersofChuzhouKonkaCompanywillprovideguaranteesforChuzhouKonkaCompanybasedontheirrespectiveshareholdingproportions,togetherwiththeCompany.
(5)Capitalincreaseinrelatedjointstockcompany:Atthe59thmeetingofthe9thBoardof
KonkaGroupCo.,Ltd.AnnualReport2022
DirectorsheldonJune1,2022,theCompanyreviewedandapprovedtheProposalonIncreasingtheCapitalofChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd.InordertosatisfythecapitalneedsofChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd.(ChuzhouKangjin)theCompanymadeacapitalincreaseofRMB157.7359milliontoChuzhouKangjin(considerationofRMB1forRMB1ofregisteredcapital)togetherwithShanghaiOCTCo.,Ltd.inproportiontotheirshareholdingpercentagesinChuzhouKangjin.Uponthecapitalincrease,theregisteredcapitalofChuzhouKangjinwouldincreasefromRMB30milliontoRMB351.91million.AndtheCompany’sshareholdingpercentageinChuzhouKangjinwouldremainunchanged.DuringtheReportingPeriod,theCompanyhascompletedthecapitalincreaseinChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd.Indextothepublicannouncementsaboutthesaidrelated-partytransactionsdisclosed
Titleofpublicannouncement | Disclosuredate | Disclosurewebsite |
AnnouncementonaCapitalIncreasetoChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd.andtheRelated-partyTransaction | 2June2022 | http://www.cninfo.com.cn/new/index |
AnnouncementontheProvisionofGuaranteeLineforJointStockCompanyandtheRelated-partyTransaction | 28April2022 | |
AnnouncementontheApplicationtoChinaEverbrightBankforComprehensiveCreditLine&theRelated-partyTransaction | 30March2022 | |
AnnouncementontheProvisionofCounter-guaranteefortheApplicationtoBankforCreditLine&theRelated-partyTransaction | 30March2022 | |
AnnouncementontheTerminationoftheAssetAcquisitionbyShareOfferingandCashPaymentandRaisingtheMatchingFunds&theRelated-partyTransaction | 7March2022 | |
AnnouncementontheProvisionofCounter-guaranteebyShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd.toShenzhenOverseasChineseTownCo.,Ltd.&theRelated-partyTransaction | 23February2022 |
XVMajorContractsandExecutionthereof
1.Entrustment,ContractingandLeases
(1)Entrustment
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(2)Contracting
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
KonkaGroupCo.,Ltd.AnnualReport2022
(3)Leases
√Applicable□NotapplicableNotetoleasesNosignificantleasesintheReportingPeriod.TherentofKonkaDevelopmentBuildinghasreceivedRMB69,716,914.02intheReportingPeriod.Theprojectbringingaboutgainsorlossesasover10%oftotalprofitintheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.MajorGuarantees
√Applicable□Notapplicable
Unit:RMB'0,000
GuaranteesprovidedbytheCompanyanditssubsidiariesforexternalparties(exclusiveofthoseforsubsidiaries) | ||||||||||
Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
ShandongEconTechnologyCo.,Ltd. | 28April2022 | 50,000 | 19May2022 | 1,749 | Joint-liability | No | Not | Oneyear | Not | Not |
17May2022 | 3,747 | Joint-liability | No | Not | Oneyear | Not | Not | |||
18May2022 | 4,997 | Joint-liability | No | Not | Oneyear | Not | Not | |||
28June2022 | 250 | Joint-liability | No | Not | Oneyear | Not | Not | |||
8July2022 | 2,498 | Joint-liability | No | Not | Oneyear | Not | Not | |||
27July2022 | 749 | Joint-liability | No | Not | Oneyear | Not | Not | |||
16August2022 | 25 | Joint-liability | No | Not | Oneyear | Not | Not | |||
6September2022 | 200 | Joint-liability | No | Not | Oneyear | Not | Not | |||
30September2022 | 3,747 | Joint-liability | No | Not | Twoyears | Not | Not | |||
23November2022 | 2,748 | Joint-liability | No | Not | Oneyearandahalf | Not | Not | |||
ShenzhenOverseasChineseTownCo.,Ltd. | 23February2022 | 16,000 | 31May2022 | 10,000 | Joint-liability | No | Not | Oneyear | Not | Yes |
FoshanZhujiang | 28April2022 | 1,372 | 17May2022 | 980 | Joint-liabilit | No | Not | Sixyears | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2022
MediaCreativeParkCulturalDevelopmentCo.,Ltd. | y | |||||||||||||||||
JiangxiXinxinJian’anEngineeringCo.,Ltd. | 10,000 | 12December2016 | 10,000 | Joint-liability | No | Not | Not | Not | ||||||||||
JiangxiZhongyiDecorationMaterialsCo.,Ltd. | 10,000 | 12December2016 | 10,000 | Joint-liability | No | Not | Not | Not | ||||||||||
JiangxiShanshiTechnologicalDevelopmentCo.,Ltd. | 10,000 | 12December2016 | 10,000 | Joint-liability | No | Not | Not | Not | ||||||||||
OverseasChineseTownHoldingsCompany | 30March2022 | 270,000 | 8September2022 | 60,000 | Joint-liability | No | Not | Threeyears | Not | Yes | ||||||||
18October2022 | 60,000 | Joint-liability | No | Not | Threeyears | Not | Yes | |||||||||||
TotalapprovedlineforsuchguaranteesintheReportingPeriod(A1) | 651,872 | TotalactualamountofsuchguaranteesintheReportingPeriod(A2) | 151,690 | |||||||||||||||
TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(A3) | 785,572 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(A4) | 181,690 | |||||||||||||||
GuaranteesprovidedbetweentheCompanyandsubsidiaries | ||||||||||||||||||
Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot | ||||||||
AnhuiTongchuang | 23May2018and19September2018 | 55,000 | 28October2021 | 3,000 | Joint-liability | No | Not | Oneyearandahalf | Not | Not | ||||||||
14April2022 | 5,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||||||||||
2June2022 | 3,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||||||||||
5July2022 | 5,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||||||||||
19October2022 | 10,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||||||||||
HongKongKonka | 31October2018and28April2022 | 90,000 | 9February2022 | 10,000 | Joint-liability | No | Not | Oneyear | Not | Not | ||||||||
BoluoPrecision | 31March2018and28April2022 | 125,000 | 19August2020 | 2,480 | Joint-liability | No | Not | Threeyears | Not | Not | ||||||||
25August2022 | 3,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||||||||||
ElectronicsTechnology | 19September2018 | 350,000 | 24November2022 | 8,500 | Joint-liability | No | Not | Oneyear | Not | Not | ||||||||
10October2022 | 50,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||||||||||
DongguanKonka | 19September2018and24March2021 | 90,000 | 18March2022 | 5,000 | Joint-liability | No | Not | Oneyear | Not | Not | ||||||||
23June2021 | 80,000 | Joint-liability | No | Not | Tenyears | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2022
XingDaHongYe | 19September2018 | 10,000 | 23February2022 | 5,800 | Joint-liability | No | OthershareholderofXingDaHongYeprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Twoyears | Not | Not |
25December2020 | 2,000 | Joint-liability | No | Threeyears | Not | Not | ||||
31May2021 | 750 | Joint-liability | No | Twoyears | Not | Not | ||||
JiangxiKonka | 31October2018 | 60,000 | 6November2020 | 10,000 | Joint-liability | No | OthershareholderofJiangxiKonkaprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Threeyears | Not | Not |
26June2022 | 6,000 | Joint-liability | No | Oneyear | Not | Not | ||||
29September2020 | 10,000 | Joint-liability | No | Threeyears | Not | Not | ||||
21December2020 | 5,000 | Joint-liability | No | Twoyearsandahalf | Not | Not | ||||
10March2022 | 990 | Joint-liability | No | Twoyears | Not | Not | ||||
30December2020 | 1,000 | Joint-liability | No | Threeyears | Not | Not | ||||
XinfengMicrocrystalline | 30March2019 | 25,000 | 19May2020 | 5,000 | Joint-liability | No | OthershareholderofXinfengMicrocrystallineprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Threeyears | Not | Not |
8December2020 | 2,100 | Joint-liability | No | Threeyears | Not | Not | ||||
29December2022 | 7,200 | Joint-liability | No | Oneyear | Not | Not | ||||
29June2022 | 7,200 | Joint-liability | No | Oneyear | Not | Not | ||||
JiangxiHighTransparentSubstrate | 30March2019 | 45,000 | 8January2020 | 5,000 | Joint-liability | No | OthershareholderofJiangxiHighTransparentSubstrateprovidesacounterguaranteefortheCompanyfor49%ofthe | Threeyears | Not | Not |
10March2022 | 990 | Joint-liability | No | Twoyears | Not | Not | ||||
14July2020 | 6,000 | Joint-liability | No | Threeyears | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2022
guaranteeline | ||||||||||
SichuanKonka | 31March2018and24March2021 | 65,000 | 22March2022 | 4,000 | Joint-liability | No | No | Oneyear | Not | Not |
NingboKhrElectricAppliance | 28April2022 | 12,000 | 12August2021 | 6,000 | Joint-liability | No | No | Twoyears | Not | Not |
12July2022 | 6,000 | Joint-liability | No | No | Oneyear | Not | Not | |||
YibinKangrun | 24October2020 | 10,000 | 13November2020 | 10,000 | Joint-liability | No | OthershareholderofYibinKangrunprovidesacounterguaranteefortheCompanyfor33%oftheguaranteeline | Fouryears | Not | Not |
TelecommunicationTechnology | 28April2022 | 20,000 | 20May2022 | 7,500 | Joint-liability | No | No | Oneyear | Not | Not |
AnhuiKonka | 28April2022 | 110,000 | 10August2021 | 28,000 | Joint-liability | No | OthershareholderofAnhuiKonkaprovidesacounterguaranteefortheCompanyfor22%oftheguaranteeline | Tenyears | Not | Not |
29October2021 | 7,000 | Joint-liability | No | Fiveyears | Not | Not | ||||
13September2022 | 10,000 | Joint-liability | No | Oneyear | Not | Not | ||||
18August2022 | 5,500 | Joint-liability | No | Oneyear | Not | Not | ||||
22August2022 | 18,000 | Joint-liability | No | Oneyear | Not | Not | ||||
24October2022 | 7,000 | Joint-liability | No | Fouryears | Not | Not | ||||
19September2022 | 7,000 | Joint-liability | No | Oneyear | Not | Not | ||||
KonkaCircuit | 24March2021 | 50,000 | 24May2021 | 20,000 | Joint-liability | No | No | Threeyearsandahalf | Not | Not |
MobileInterconnection | 28April2022 | 10,000 | 11August2022 | 7,000 | Joint-liability | No | No | Oneyear | Not | Not |
LiaoyangKangshun | 24March2021and28April2022 | 20,000 | 19January2022 | 5,000 | Joint-liability | No | No | Oneyear | Not | Not |
KonkaXinyun | 24March2021 | 30,000 | 12July2021 | 20,000 | Joint-liability | No | No | Fiveyears | Not | Not |
26May2022 | 6,000 | Joint-liability | No | No | Twoyears | Not | Not | |||
YibinSmart | 24March2021 | 10,000 | 31March2022 | 980 | Joint-liability | No | No | Oneyear | Not | Not |
Chongqin | 24March | 55,60 | 13December | 38,00 | Joint- | No | No | Fifteen | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2022
gKonka | 2021 | 0 | 2022 | 0 | liability | years | |||||||
FrestecSmartHome | 28April2022 | 12,240 | 6July2022 | 10,200 | Joint-liability | No | No | Eightyears | Not | Not | |||
KonkaSoftElectronic | 28April2022 | 19,000 | 19December2022 | 975 | Joint-liability | No | No | Fouryears | Not | Not | |||
TotalapprovedlineforsuchguaranteesintheReportingPeriod(B1) | 334,470 | TotalactualamountofsuchguaranteesintheReportingPeriod(B2) | 260,835 | ||||||||||
TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(B3) | 1,607,180 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(B4) | 484,165 | ||||||||||
Guaranteesprovidedbetweensubsidiaries | |||||||||||||
Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot | |||
AnhuiElectricalAppliance | 13,500 | 3July2020 | 13,500 | Mortgage,pledge | Lands,houseproperty,equityinterests | No | Threeyears | Not | Not | ||||
BoluoPrecision | 12,449 | 6July2021 | 12,449 | Mortgage | Houseproperty | No | Twoyears | Not | Not | ||||
TotalapprovedlineforsuchguaranteesintheReportingPeriod(C1) | 0 | TotalactualamountofsuchguaranteesintheReportingPeriod(C2) | 0 | ||||||||||
TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(C3) | 25,949 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(C4) | 25,949 | ||||||||||
Totalguaranteeamount(totalofthethreekindsofguaranteesabove) | |||||||||||||
TotalguaranteelineapprovedintheReportingPeriod(A1+B1+C1) | 986,342 | TotalactualguaranteeamountintheReportingPeriod(A2+B2+C2) | 412,525 | ||||||||||
TotalapprovedguaranteelineattheendoftheReportingPeriod(A3+B3+C3) | 2,418,701 | TotalactualguaranteebalanceattheendoftheReportingPeriod(A4+B4+C4) | 691,804 | ||||||||||
Totalactualguaranteeamount(A4+B4+C4)as%oftheCompany’snetassets | 90.55% | ||||||||||||
Ofwhich: | |||||||||||||
Balanceofguaranteesprovidedforshareholders,actualcontrollerandtheirrelatedparties(D) | 130,000 | ||||||||||||
Balanceofdebtguaranteesprovideddirectlyorindirectlyforobligorswithanover70%debt/assetratio(E) | 691,804 | ||||||||||||
Amountbywhichthetotalguaranteeamountexceeds50%oftheCompany’snetassets(F) | 309,784 | ||||||||||||
Totalofthethreeamountsabove(D+E+F) | 691,804 | ||||||||||||
JointresponsibilitiespossiblyborneintheReportingPeriodforundueguarantees(ifany) | N/A | ||||||||||||
Provisionofexternalguaranteesinbreachoftheprescribedprocedures(ifany) | N/A |
Compoundguarantees:
None
3.CashEntrustedforWealthManagement
(1)CashEntrustedforWealthManagement
√Applicable□NotapplicableOverviewofcashentrustedforwealthmanagementintheReportingPeriod
Unit:RMB’0,000
KonkaGroupCo.,Ltd.AnnualReport2022
Type | Fundingsource | Amount | Undueamount | Unrecoveredoverdueamount | Unrecoveredoverdueamountwithprovisionforimpairment |
Trustfinancialproducts | Self-owned | 10,000.00 | 10,000.00 | 0 | 0 |
Total | 10,000.00 | 10,000.00 | 0 | 0 |
High-riskentrustedwealthmanagementwithsignificantsingleamountorlowsecurityandpoorliquidity:
□Applicable√NotapplicableWhetherthereisthecasewheretheprincipalcannotberecoveredatmaturityorothercasewhichmaycauseimpairmentforentrustedwealthmanagement
□Applicable√Notapplicable
(2)EntrustedLoans
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
4.OtherMajorContracts
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XVIOtherSignificantEvents
√Applicable□Notapplicable(I)Corporatebondissue:Currently,thepublicofferingofcorporatebondsofRMB1.2billionwascompletedon14July2022;asforthenon-publicofferingofcorporatebondsofRMB1.8billion,RMB1.2billionofcorporatebondshavebeenissuedrespectivelyon8September2022and18October2022.AsfortherestofcorporatebondsofRMB0.6billion,relevantmattersarebeingpromotedasplanned.(II)Initiationandestablishmentoffunds:ThetotalunitsoftheOriental-KonkaIndustryM&AFundworthRMB1,001,000,000.ShenzhenKonkaInvestmentHoldingCo.,Ltd.contributedRMB500million,accountingfor49.95%ofthetotalunits.Bythedateofthisreport(31December2022),ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB487,344,000.ThefundinvestedinJiangxiYahuaElectronicMaterialsCo.,Ltd.,GenewTechnologiesCo.,Ltd.,etc.ThetotalunitsoftheKunshan-CITIC-KonkaEmergingIndustryDevelopmentInvestmentFundworthRMB1,006,000,000.ShenzhenKonkaInvestmentHoldingCo.,Ltd.contributedRMB500million,accountingfor49.7%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB195.21million.ThefundinvestedinUNIONTECH,HerculesMicrosystems(HME),etc.ThetotalunitsoftheTongxiangWuzhenJiayuDigitalEconomicIndustryFundworthRMB500million.ShenzhenKonkaInvestmentHoldingCo.,Ltd.contributedRMB200million,accounting
KonkaGroupCo.,Ltd.AnnualReport2022
for40%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB200,000,000.ThefundinvestedinFeidiTechnology(Shenzhen)Co.,Ltd.,CASICloud-TechCo.,Ltd.ThetotalunitsofYanchengKangyanIndustryInvestmentFunworthRMB3billion.ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.contributedRMB1201,500,000,accountingfor40.05%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.havecontributedRMB217,360,000.ThefundinvestedinAnhuiZhongdianXingfaandXinlongCo.,Ltd.andChongqingYPFunTechnologyCo.,Ltd.,etc.ThetotalunitsofYibinKanghuiElectronicInformationIndustryEquityInvestmentFundworthRMB1,002,000,000.ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.contributedRMB401million,accountingfor40.02%ofthetotalunits.Bytheissuancedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB104million.ThefundinvestedinTalkwebInformationSystemCo.,Ltd.ThetotalunitsofChongqingKangxinEquityInvestmentFundworthRMB2billion.ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.contributedRMB1billion,accountingfor50%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.havecontributedRMB148,248,300.ThefundinvestedinShanghaiVeigloInformationTechnologyCo.,Ltd.JiangxiTaideWisdomTechnologyCo.,Ltd.,etc.(III)Disclosureindexofsignificantinformation
AnnouncementNo. | Date | Title | Pageonnewspaper | Websitelink |
2022-01 | 8January2022 | AnnouncementonProgressofAssetAcquisitionandFundsRaisingbyIssuanceofSharesandCashPaymentandProgressofRelatedTransactionPlanAfterDisclosure | SecuritiesDailyB76,ShanghaiSecuritiesNews28,etc. | http://www.cninfo.com.cn/new/index |
2022-02 | 18January2022 | AnnouncementonResolutionsof53thMeetingoftheNinthBoardofDirectors | SecuritiesDailyB22,ShanghaiSecuritiesNews84,etc. | |
2022-03 | 18January2022 | AnnouncementonProposedintroductionofStrategicInvestorsbyControllingCompany | SecuritiesDailyB22,ShanghaiSecuritiesNews84,etc. | |
2022-04 | 25January2022 | 2021ResultForecast | SecuritiesDailyB31,ShanghaiSecuritiesNews29,etc. | |
2022-05 | 25January2022 | AnnouncementonProgressofSecurityforControllingCompany | SecuritiesDailyB31,ShanghaiSecuritiesNews29,etc. | |
2022-06 | 9February2022 | AnnouncementonProgressofAssetAcquisitionandFundsRaisingbyIssuanceofSharesandCashPaymentandProgressofRelatedTransactionPlanAfterDisclosure | SecuritiesDailyB31,ShanghaiSecuritiesNews36,etc. | |
2022-07 | 17February2022 | AnnouncementontheChangeoftheSignatoryCertifiedPublicAccountant | SecuritiesDailyB37,ShanghaiSecuritiesNews16,etc. | |
2022-08 | 23February2022 | AnnouncementonResolutionsof54thMeetingoftheNinthBoardofDirectors | SecuritiesDailyB38,ShanghaiSecuritiesNews33,etc. |
KonkaGroupCo.,Ltd.AnnualReport2022
2022-09 | 23February2022 | AnnouncementonProvidingFinancialAssistancetoShandongEconTechnologyCo.,Ltd.atShareholdingRatio | SecuritiesDailyB38,ShanghaiSecuritiesNews33,etc. |
2022-10 | 23February2022 | AnnouncementonProvidingCounterGuaranteetoandConductingConnectedTransactionwithShenzhenOverseasChineseTownCo.,Ltd.byShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd. | SecuritiesDailyB38,ShanghaiSecuritiesNews33,etc. |
2022-11 | 23February2022 | AnnouncementonProgressofGuaranteeProvisionforGuangDongXingDaHongYeElectronicCo.,Ltd. | SecuritiesDailyB38,ShanghaiSecuritiesNews33,etc. |
2022-12 | 1March2022 | AnnouncementonResignationoftheCompany'sDirector | SecuritiesDailyB48,ShanghaiSecuritiesNews60,etc. |
2022-13 | 1March2022 | AnnouncementonResignationoftheCompany'sVicePresident | SecuritiesDailyB48,ShanghaiSecuritiesNews60,etc. |
2022-14 | 7March2022 | AnnouncementonResolutionsof55thMeetingoftheNinthBoardofDirectors | SecuritiesDailyB3,ShanghaiSecuritiesNews28,etc. |
2022-15 | 7March2022 | AnnouncementonResolutionsof19thMeetingoftheNinthBoardofDirectors | SecuritiesDailyB3,ShanghaiSecuritiesNews28,etc. |
2022-16 | 7March2022 | AnnouncementonProvidingFinancialAssistancetoSichuanChengruiRealEstateCo.,Ltd.atShareholdingRatio | SecuritiesDailyB3,ShanghaiSecuritiesNews28,etc. |
2022-17 | 7March2022 | NoticeonConvening2022FirstExtraordinaryGeneralMeeting | SecuritiesDailyB3,ShanghaiSecuritiesNews28,etc. |
2022-18 | 7March2022 | AnnouncementontheTerminationofAssetAcquisitionandFundsRaisingbyIssuanceofSharesorCashPaymentandRelatedTransactionMatters | SecuritiesDailyB3,ShanghaiSecuritiesNews28,etc. |
2022-19 | 23March2022 | AnnouncementonResolutionsof2022FirstExtraordinaryGeneralMeeting | SecuritiesDailyB54,ShanghaiSecuritiesNews60,etc. |
2022-20 | 24March2022 | AnnouncementonthePostponementoftheReplacementoftheBoardofDirectorsandtheBoardofSupervisors | SecuritiesDailyB14,ShanghaiSecuritiesNews16,etc. |
2022-21 | 25March2022 | AnnouncementonProposedIntroductionofStrategicInvestorsbyControllingCompany | SecuritiesDailyB60,ShanghaiSecuritiesNews84,etc. |
2022-22 | 30March2022 | 2021AnnualReportofMercedes-BenzGroupAG | |
2022-23 | 30March2022 | AnnouncementonResolutionsof56thMeetingoftheNinthBoardofDirectors | SecuritiesDailyB55,ShanghaiSecuritiesNews57,etc. |
2022-24 | 30March2022 | AnnouncementonResolutionsof20thMeetingoftheNinthBoardofDirectors | SecuritiesDailyB55,ShanghaiSecuritiesNews57,etc. |
2022-25 | 30March2022 | AnnouncementonExpectedRoutineConnectedTransactionsin2022 | SecuritiesDailyB56,ShanghaiSecuritiesNews57,etc. |
2022-26 | 30March2022 | AnnouncementonPlanofProfitDistributionfor2022 | SecuritiesDailyB55,ShanghaiSecuritiesNews59,etc. |
2022-27 | 30March2022 | NoticeonConvening2021Shareholders'GeneralMeeting | SecuritiesDailyB55,ShanghaiSecuritiesNews57,etc. |
2022-28 | 30March2022 | AnnouncementonAccrualofAssetImpairmentReservesfor2021 | SecuritiesDailyB55,ShanghaiSecuritiesNews57,etc. |
2022-29 | 30March2022 | AnnouncementonProvidingCounterGuaranteeandConductingConnectedTransactionforApplyingforBankCreditBusiness | SecuritiesDailyB55,ShanghaiSecuritiesNews59,etc. |
2022-30 | 30March2022 | AnnouncementonIssuingthePlanfortheCompany'sPrivateOfferingofCorporateBondsandProvidingCounterGuaranteeforOCTGroup | SecuritiesDailyB56,ShanghaiSecuritiesNews59,etc. |
2022-31 | 30March2022 | AnnouncementonApplyingforaComprehensiveLineofCredittoandConductingConnectedTransactionswithChinaEverbrightBank | SecuritiesDailyB56,ShanghaiSecuritiesNews57,etc. |
2022-32 | 30March2022 | Abstractof2021AnnualReport | SecuritiesDailyB55,ShanghaiSecuritiesNews57,etc. |
2022-33 | 1April2022 | AnnouncementonCompletionofIndustrialandCommercialRegistrationofChangesforCapitalIncreaseofHefeiKONSEMIStorageTechnologyCo.,Ltd. | SecuritiesDailyB92,ShanghaiSecuritiesNews92,etc. |
2022-34 | 1April2022 | AnnouncementonHolding2021OnlineResultRelease | SecuritiesDailyB92,ShanghaiSecuritiesNews92,etc. |
2022-35 | 1April | AnnouncementonProgressofSecurityforControlling | SecuritiesDailyB100,Shanghai |
KonkaGroupCo.,Ltd.AnnualReport2022
2022 | Company | SecuritiesNews92,etc. | |
2022-36 | 26April2022 | AnnouncementonResolutionsof2021Shareholders'GeneralMeeting | SecuritiesDailyB219,ShanghaiSecuritiesNews236,etc. |
2022-37 | 28April2022 | 2022Q1Report | SecuritiesDailyB181,ShanghaiSecuritiesNews193,etc. |
2022-38 | 28April2022 | NoticeonConvening2022SecondExtraordinaryGeneralMeeting | SecuritiesDailyB183,ShanghaiSecuritiesNews194,etc. |
2022-39 | 28April2022 | AnnouncementonResolutionsof57thMeetingoftheNinthBoardofDirectors | SecuritiesDailyB181,ShanghaiSecuritiesNews193,etc. |
2022-40 | 28April2022 | AnnouncementonProposedSaleofSomeofEquityinChutianDragonCo.,Ltd. | SecuritiesDailyB183,ShanghaiSecuritiesNews194,etc. |
2022-41 | 28April2022 | AnnouncementonProgressofGuaranteeProvisionforWholly-ownedCompany | SecuritiesDailyB182,ShanghaiSecuritiesNews194,etc. |
2022-42 | 28April2022 | AnnouncementonExternalGuarantee | SecuritiesDailyB181,ShanghaiSecuritiesNews193,etc. |
2022-43 | 28April2022 | AnnouncementonProvidingSecurityLimittoandConductingConnectedTransactionwithShareholdingCompany | SecuritiesDailyB182,ShanghaiSecuritiesNews194,etc. |
2022-44 | 17May2022 | AnnouncementonResolutionsof2022SecondExtraordinaryGeneralMeeting | SecuritiesDailyB91,ShanghaiSecuritiesNews76,etc. |
2022-45 | 21May2022 | AnnouncementonResolutionsof58thMeetingoftheNinthBoardofDirectors | SecuritiesDailyB16,ShanghaiSecuritiesNews25,etc. |
2022-46 | 21May2022 | AnnouncementonTransferof100%ofEquityinXi'anHuashengJiachengRealEstateCo.,Ltd. | SecuritiesDailyB16,ShanghaiSecuritiesNews25,etc. |
2022-47 | 2June2022 | AnnouncementonResolutionsof59thMeetingoftheNinthBoardofDirectors | SecuritiesDailyB16,ShanghaiSecuritiesNews41,etc. |
2022-48 | 2June2022 | AnnouncementonIncreasingCapitaltoandConductingConnectedTransactionwithChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | SecuritiesDailyB16,ShanghaiSecuritiesNews41,etc. |
2022-49 | 2June2022 | AnnouncementonProgressintheProvisionofExternalGuarantee | SecuritiesDailyB16,ShanghaiSecuritiesNews41,etc. |
2022-50 | 2June2022 | AnnouncementonDistributionof2022AnnualEquity | SecuritiesDailyB71,ShanghaiSecuritiesNews52,etc. |
2022-51 | 11June2022 | AnnouncementonResolutionsof60thMeetingoftheNinthBoardofDirectors | SecuritiesDailyB23,ShanghaiSecuritiesNews41,etc. |
2022-52 | 11June2022 | NoticeonConvening2022ThirdExtraordinaryGeneralMeeting | SecuritiesDailyB23,ShanghaiSecuritiesNews41,etc. |
2022-53 | 11June2022 | AnnouncementonRevisionoftheArticlesofAssociationandothersystemsoftheCompany | SecuritiesDailyB22,ShanghaiSecuritiesNews41,etc. |
2022-54 | 18June2022 | AnnouncementonProgressofGuaranteeProvisionforWholly-ownedCompany | SecuritiesDailyB22,ShanghaiSecuritiesNews20,etc. |
2022-55 | 25June2022 | AnnouncementonVoluntaryInformationDisclosureforSigningCooperationFrameworkAgreementwithHangzhouHemaiPowerElectronicsCo.,Ltd. | SecuritiesDailyB71,ShanghaiSecuritiesNews60,etc. |
2022-56 | 28June2022 | AnnouncementonResolutionsof2022ThirdExtraordinaryGeneralMeeting | SecuritiesDailyB57,ShanghaiSecuritiesNews52,etc. |
2022-57 | 28June2022 | AnnouncementonProgressinTransferof100%ofEquityinXi'anHuashengJiachengRealEstateCo.,Ltd. | SecuritiesDailyB57,ShanghaiSecuritiesNews52,etc. |
2022-57 | 9July2022 | AnnouncementonResolutionsof61stMeetingoftheNinthBoardofDirectors | SecuritiesDailyB16,ShanghaiSecuritiesNews81,etc. |
2022-58 | 9July2022 | AnnouncementonResolutionsof22ndMeetingoftheNinthSupervisoryCommittee | SecuritiesDailyB16,ShanghaiSecuritiesNews81,etc. |
2022-59 | 9July2022 | NoticeonConvening2022FourthExtraordinaryGeneralMeeting | SecuritiesDailyB15,ShanghaiSecuritiesNews81,etc. |
2022-60 | 9July2022 | StatementofIndependentDirectorCandidate(LiuJian) | SecuritiesDailyB15,ShanghaiSecuritiesNews81,etc. |
2022-61 | 9July2022 | StatementofIndependentDirectorCandidate(DengChunhua) | SecuritiesDailyB15,ShanghaiSecuritiesNews81,etc. |
2022-62 | 9July2022 | StatementofIndependentDirectorCandidate(WangShuguang) | SecuritiesDailyB15,ShanghaiSecuritiesNews81,etc. |
2022-63 | 9July2022 | StatementofIndependentDirectorNominee(DengChunhua) | SecuritiesDailyB16,ShanghaiSecuritiesNews81,etc. |
KonkaGroupCo.,Ltd.AnnualReport2022
2022-64 | 9July2022 | StatementofIndependentDirectorNominee(LiuJian) | SecuritiesDailyB15,ShanghaiSecuritiesNews81,etc. |
2022-65 | 9July2022 | StatementofIndependentDirectorNominee(WangShuguang) | SecuritiesDailyB15,ShanghaiSecuritiesNews81,etc. |
2022-66 | 15July2022 | AnnouncementonPerformanceForecastforH12022 | SecuritiesDailyB17,ShanghaiSecuritiesNews84,etc. |
2022-67 | 23July2022 | AnnouncementonOverdueShareholderLoantoAffiliatedCompany | SecuritiesDailyB13,ShanghaiSecuritiesNews33,etc. |
2022-68 | 23July2022 | AnnouncementonProgressUpdateonBidforLandUseRights | SecuritiesDailyB17,ShanghaiSecuritiesNews33,etc. |
2022-69 | 26July2022 | AnnouncementonResolutionsofthe2022FourthExtraordinaryGeneralMeeting | SecuritiesDailyB37,ShanghaiSecuritiesNews52,etc. |
2022-70 | 26July2022 | AnnouncementonElectionofEmployeeDirectorsandEmployeeSupervisors | SecuritiesDailyB37,ShanghaiSecuritiesNews52,etc. |
2022-71 | 26July2022 | AnnouncementonResolutionsof1stMeetingoftheTenthBoardofDirectors | SecuritiesDailyB37,ShanghaiSecuritiesNews52,etc. |
2022-72 | 26July2022 | AnnouncementonResolutionsof1stMeetingoftheTenthSupervisoryCommittee | SecuritiesDailyB37,ShanghaiSecuritiesNews52,etc. |
2022-73 | 18August2022 | AnnouncementonReceiptofSZSENoObjectionLetterfor2022CorporateBondListingQualification | SecuritiesDailyB14,ShanghaiSecuritiesNews108,etc. |
2022-74 | 20August2022 | AnnouncementonProgressintheProvisionofExternalGuarantee | SecuritiesDailyB64,ShanghaiSecuritiesNews16,etc. |
2022-75 | 25August2022 | Summaryof2022InterimReport | SecuritiesDailyB2,ShanghaiSecuritiesNews20,etc. |
2022-76 | 25August2022 | 2022InterimReport | SecuritiesDailyB2,ShanghaiSecuritiesNews20,etc. |
2022-77 | 25August2022 | AnnouncementonResolutionsof2ndMeetingoftheTenthBoardofDirectors | SecuritiesDailyB2,ShanghaiSecuritiesNews20,etc. |
2022-78 | 9September2022 | AnnouncementonIssuanceResultsofNon-publicOfferingofCorporateBonds(TrancheI)in2022 | SecuritiesDailyA12,ShanghaiSecuritiesNews25,etc. |
2022-79 | 15September2022 | AnnouncementonProgressintheProvisionofExternalGuarantee | SecuritiesDailyB33,ShanghaiSecuritiesNews105,etc. |
2022-80 | 1October2022 | AnnouncementonMajority-ownedSubsidiaryReceivingGovernmentGrants | SecuritiesDailyB79,ShanghaiSecuritiesNews33,etc. |
2022-81 | 19October2022 | AnnouncementonIssuanceResultsofNon-publicOfferingofCorporateBonds(TrancheII)in2022 | SecuritiesDailyB99,ShanghaiSecuritiesNews81,etc. |
2022-82 | 20October2022 | AnnouncementonProgressintheProvisionofExternalGuarantee | SecuritiesDailyB59,ShanghaiSecuritiesNews57,etc. |
2022-83 | 28October2022 | 2022Q3Report | SecuritiesDailyB221,ShanghaiSecuritiesNews84,etc. |
2022-84 | 28October2022 | AnnouncementonResolutionsof4thMeetingoftheTenthBoardofDirectors | SecuritiesDailyB221,ShanghaiSecuritiesNews84,etc. |
2022-85 | 28October2022 | NoticeonConvening2022FifthExtraordinaryGeneralMeeting | SecuritiesDailyB221,ShanghaiSecuritiesNews84,etc. |
2022-86 | 28October2022 | AnnouncementonAppointmentofAuditFirmsfor2022FinancialStatementsandInternalControlAudit | SecuritiesDailyB221,ShanghaiSecuritiesNews84,etc. |
2022-87 | 1November2022 | AnnouncementonParticipationin2022ShenzhenOnlineGroupReceptionDayforListedCompanyInvestors | SecuritiesDailyB28,ShanghaiSecuritiesNews68,etc. |
2022-88 | 15November2022 | AnnouncementonResolutionsofthe2022FifthExtraordinaryGeneralMeeting | SecuritiesDailyB75,ShanghaiSecuritiesNews52,etc. |
2022-89 | 24November | AnnouncementonAccumulativeLawsuitsandArbitrations | SecuritiesDailyB33,ShanghaiSecuritiesNews33,etc. |
KonkaGroupCo.,Ltd.AnnualReport2022
2022 | |||
2022-90 | 24November2022 | AnnouncementonProgressofSecurityforControllingCompany | SecuritiesDailyB33,ShanghaiSecuritiesNews33,etc. |
2022-91 | 7December2022 | AnnouncementonResolutionsof5thMeetingoftheTenthBoardofDirectors | SecuritiesDailyB8,ShanghaiSecuritiesNews50,etc. |
2022-92 | 7December2022 | AnnouncementonFinancialAssistancetoSichuanHongxinchenRealEstateDevelopmentCo.,Ltd.BasedonShareholdingProportion | SecuritiesDailyB8,ShanghaiSecuritiesNews50,etc. |
2022-93 | 7December2022 | AnnouncementonLoansProvidedtoShareholdersbySubsidiaryCompanyBasedonEquityProportion | SecuritiesDailyB8,ShanghaiSecuritiesNews50,etc. |
2022-94 | 7December2022 | NoticeonConvening2022SixthExtraordinaryGeneralMeeting | SecuritiesDailyB8,ShanghaiSecuritiesNews50,etc. |
2022-95 | 17December2022 | AnnouncementonProgressofSecurityforControllingCompany | SecuritiesDailyB44,ShanghaiSecuritiesNews44,etc. |
2022-96 | 24December2022 | AnnouncementonResolutionsofthe2022SixthExtraordinaryGeneralMeeting | SecuritiesDailyB40,ShanghaiSecuritiesNews57,etc. |
XVIISignificantEventsofSubsidiaries
□Applicable√Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2022
PartVIIShareChangesandShareholderInformationIShareChanges
1.ShareChanges
Unit:share
Before | Increase/decreaseintheReportingPeriod(+/-) | After | |||||||
Shares | Percentage(%) | Newissues | Sharesasdividendconvertedfromprofit | Sharesasdividendconvertedfromcapitalreserves | Other | Subtotal | Shares | Percentage(%) | |
1.Restrictedshares | 19,500 | 0.00% | -19,500 | -19,500 | 0 | 0.00% | |||
1.3Sharesheldbyotherdomesticinvestors | 19,500 | 0.00% | -19,500 | -19,500 | 0 | 0.00% | |||
Sharesheldbydomesticnaturalpersons | 19,500 | 0.00% | -19,500 | -19,500 | 0 | 0.00% | |||
2.Unrestrictedshares | 2,407,925,908 | 100.00% | 19,500 | 19,500 | 2,407,945,408 | 100.00% | |||
2.1RMB-denominatedordinaryshares | 1,596,574,300 | 66.31% | 19,500 | 19,500 | 1,596,593,800 | 66.31% | |||
2.2Domesticallylistedforeignshares | 811,351,608 | 33.69% | 811,351,608 | 33.69% | |||||
3.Totalshares | 2,407,945,408 | 100.00% | 2,407,945,408 | 100.00% |
Reasonsforthesharechanges:
√Applicable□NotapplicableDuringtheReportingPeriod,Mr.SunQingyanresignedastheVicePresidentoftheCompanyforpersonalreasons,andthe19,500sharesheldbyhimintheCompanylockedupatthebeginningoftheyearshallbefullyreleasedaftersixmonthsuponhisresignationaccordingtotheapplicablelawsandregulations.Approvalofthesharechanges:
□Applicable√NotapplicableTransferofshareownership:
□Applicable√NotapplicableEffectsofthesharechangesonthebasicanddilutedearningspershare,equitypershareattributabletotheCompany’sordinaryshareholdersandotherfinancialindicatorsoftheprioryearandtheprioraccountingperiod,respectively:
KonkaGroupCo.,Ltd.AnnualReport2022
□Applicable√NotapplicableOtherinformationthattheCompanyconsidersnecessaryorisrequiredbythesecuritiesregulatortobedisclosed:
□Applicable√Notapplicable
2.ChangesinRestrictedShares
√Applicable□Notapplicable
Nameofshareholder | Beginningrestrictedshares | Unlockedinthecurrentperiod | Increaseinrestrictedsharesinthecurrentperiod | Endingrestrictedshares | Reasonforrestriction | Dateofunlocking |
SunQingyan | 19,500 | 19,500 | 0 | 0 | Oversixmonthsuponhisresignation | 1September2022 |
Total | 19,500 | 19,500 | 0 | 0 | -- | -- |
IIIssuanceandListingofSecurities
1.Securities(ExclusiveofPreferredShares)IssuedintheReportingPeriod
□Applicable√Notapplicable
2.ChangestoTotalShares,ShareholderStructureandAssetandLiabilityStructures
□Applicable√Notapplicable
3.ExistingStaff-HeldShares
□Applicable√NotapplicableIIIShareholdersandActualController
1.ShareholdersandTheirShareholdingsatthePeriod-End
Unit:share
Numberofordinaryshareholders | 86,602 | Numberofordinaryshareholdersatthemonth-endpriortothedisclosureofthisReport | 86,570 | Numberofpreferredshareholderswithresumedvotingrights(ifany) | 0 | Numberofpreferredshareholderswithresumedvotingrightsatthemonth-endpriortothedisclosureofthisReport(ifany) | 0 | ||||||||
5%orgreatershareholdersortop10shareholders | |||||||||||||||
Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheldattheperiod-end | Increase/decreaseintheReportingPeriod | Restrictedsharesheld | Unrestrictedsharesheld | Sharesinpledge,markedorfrozen | ||||||||
Status | Shares | ||||||||||||||
OVERSEASCHINESETOWNHOLDINGSCOMPANY | State-ownedlegalperson | 21.75% | 523,746,932 | 0 | 0 | 523,746,932 | |||||||||
CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | Foreignlegalperson | 7.48% | 180,001,110 | 0 | 0 | 180,001,110 | |||||||||
WANGJINGFENG | Domesticnaturalperson | 4.36% | 105,000,000 | -6,111,100 | 0 | 105,000,000 | |||||||||
GUOYUANSECURITIESBROKER(HK)CO.,LTD. | Foreignlegalperson | 2.46% | 59,227,225 | -73,100 | 0 | 59,227,225 | |||||||||
HOLYTIMEGROUPLIMITED | Foreignlegalperson | 2.38% | 57,289,100 | 0 | 0 | 57,289,100 |
KonkaGroupCo.,Ltd.AnnualReport2022
GAOLINGFUND,L.P. | Foreignlegalperson | 2.19% | 52,801,250 | 0 | 0 | 52,801,250 | |||
NAMNGAI | Foreignnaturalperson | 0.96% | 23,019,800 | 452,260 | 0 | 23,019,800 | |||
CHINAMERCHANTSSECURITIES(HK)LIMITED | State-ownedlegalperson | 0.81% | 19,457,720 | 19,457,720 | 0 | 19,457,720 | |||
BOCOMINTERNATIONALSECURITIESLIMITED | Foreignlegalperson | 0.78% | 18,896,037 | 0 | 0 | 18,896,037 | |||
HONGKONGSECURITIESCLEARINGCOMPANYLTD. | Foreignlegalperson | 0.63% | 15,138,506 | 6,426,947 | 0 | 15,138,506 | |||
Strategicinvestororgenerallegalpersonbecomingatop-10ordinaryshareholderduetorightsissue(ifany)(seenote3) | N/A | ||||||||
Relatedoracting-in-concertpartiesamongtheshareholdersabove | HappyBloomInvestmentLimited,awholly-ownedsubsidiaryoftheCompany’sfirstmajorityshareholderOverseasChineseTownHoldingsCompany(OCTGroup),holds180,001,110and18,360,000ordinarysharesintheCompanyrespectivelythroughCITICSecuritiesBrokerage(HongKong)Co.,Ltd.andChinaMerchantsSecurities(HK)Limited.HappyBloomInvestmentLimitedandOCTGrouparepartiesactinginconcert.Otherthanthat,itisunknownwhethertheothershareholdersarerelatedpartiesoracting-in-concertpartiesornot. | ||||||||
Explainifanyoftheshareholdersabovewasinvolvedinentrusting/beingentrustedwithvotingrightsorwaivingvotingrights | N/A | ||||||||
Specialaccountforsharerepurchases(ifany)amongthetop10shareholders(seenote10) | None | ||||||||
Top10unrestrictedshareholders | |||||||||
Nameofshareholder | Unrestrictedsharesheldattheperiod-end | Sharesbytype | |||||||
Type | Shares | ||||||||
OVERSEASCHINESETOWNHOLDINGSCOMPANY | 523,746,932 | RMB-denominatedordinarystock | 523,746,932 | ||||||
CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | 180,001,110 | Domesticallylistedforeignstock | 180,001,110 | ||||||
WANGJINGFENG | 105,000,000 | RMB-denominatedordinarystock | 105,000,000 | ||||||
GUOYUANSECURITIESBROKER(HK)CO.,LTD. | 59,227,225 | Domesticallylistedforeignstock | 59,227,225 | ||||||
HOLYTIMEGROUPLIMITED | 57,289,100 | Domesticallylistedforeignstock | 57,289,100 | ||||||
GAOLINGFUND,L.P. | 52,801,250 | Domesticallylistedforeignstock | 52,801,250 | ||||||
NAMNGAI | 23,019,800 | Domesticallylistedforeignstock | 23,019,800 | ||||||
CHINAMERCHANTSSECURITIES(HK)LIMITED | 19,457,720 | Domesticallylistedforeignstock | 19,457,720 | ||||||
BOCOMINTERNATIONALSECURITIESLIMITED | 18,896,037 | Domesticallylistedforeignstock | 18,896,037 | ||||||
HONGKONGSECURITIESCLEARINGCOMPANYLTD. | 15,138,506 | RMB-denominatedordinarystock | 15,138,506 | ||||||
Relatedoracting-in-concertpartiesamong | HappyBloomInvestmentLimited,awholly-ownedsubsidiaryoftheCompany’sfirst |
KonkaGroupCo.,Ltd.AnnualReport2022
top10unrestrictedpublicshareholders,aswellasbetweentop10unrestrictedpublicshareholdersandtop10shareholders | majorityshareholderOverseasChineseTownHoldingsCompany(OCTGroup),holds180,001,110and18,360,000ordinarysharesintheCompanyrespectivelythroughCITICSecuritiesBrokerage(HongKong)Co.,Ltd.andChinaMerchantsSecurities(HK)Limited.HappyBloomInvestmentLimitedandOCTGrouparepartiesactinginconcert.Otherthanthat,itisunknownwhethertheothershareholdersarerelatedpartiesoracting-in-concertpartiesornot. |
Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany)(seenote4) | WangJingfengholds105,000,000A-sharesintheCompanythroughhissecuritiesaccountforcustomercredittradingguaranteeinGuotaiJunanSecuritiesCo.,Ltd. |
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.
2.ControllingShareholderNatureofthecontrollingshareholder:Controlledbyacentralstate-ownedlegalpersonTypeofthecontrollingshareholder:legalperson
Nameofactualcontroller | Legalrepresentative/personincharge | Dateofestablishment | Unifiedsocialcreditcode | Principalactivity |
OverseasChineseTownHoldingsCompany | ZhangZhengao | 11November1985 | 91440300190346175T | Exportoftextile,lightindustrialproducts,etc;importofself-usedgoodsinShenzhen,mechanicalequipment,lightindustrialproducts,etc.asapprovedbytherelevantauthoritiesofShenzhen(underGovernmentDocumentJMB[92]WJMGTSZZNo.A19024);compensationtrade;investmentintourismandrelevantculturalindustry(includingartperformance,entertainmentandtheirservices,etc),industry,realestate,commerce&trade,packaging,decorationandinvestmentinprintingindustry.Theconvertofexportcommoditiesintodomesticsaleandthedomesticsalesofimportcommodities.Travelling,rentalofwarehouses,cultureandart,bondedwarehouseofcardonation,conventionandexhibitionservices(theprojectsinvolvedinlicensemanagementcanbeoperatedaftergettingtherelevantlicensefirst);salesofautomobile(sedancarincluded) |
Controllingshareholder’sholdingsinotherlistedcompaniesathomeorabroadintheReportingPeriod | Asof31December2022,OverseasChineseTownHoldingsCompanydirectlyheld47.01%equityofShenzhenOverseasChineseTownCo.,Ltd.(acompanylistedinShenzhenStockExchange,SZ.000069)andindirectlyheld0.96%equityofShenzhenOverseasChineseTownCo.,Ltd.throughOCTCapitalInvestmentManagementCo.,Ltd.Meanwhile,ShenzhenOverseasChineseTownCo.,Ltd.indirectlyheld70.94%equityofOCT(Asia)HoldingsLtd.(acompanylistedonthemainBoardofHongKongStockExchange,3366.HK).OverseasChineseTownHoldingsCompanyindirectlyheld53.88%equityofYunnanTourismCo.,Ltd.(acompanylistedinShenzhenStockExchange,SZ.002059).OverseasChineseTownHoldingsCompanyheld7.77%equityofChinaEverbrightBankCompanyLimited(acompanylistedonthemainBoardofShanghaiStockExchange(SH.601818)andthemainBoardofHongKongStockExchange(6818.HK).OverseasChineseTownHoldingsCompanyindirectlyheld2.74%equityofZhejiangCenturyHuatongGroupCo.,Ltd.(acompanylistedinShenzhenStockExchange,SZ.002602)throughitssubsidiaryShenzhenOCTCapitalInvestmentManagementCo.,Ltd.OverseasChineseTownHoldingsCompanyindirectlyheld11.12%ofequityofJiangsuGuoxinCorporationLimited(acompanylistedinShenzhenStockExchange,SZ.002608)throughitssubsidiaryShenzhenOCTCapitalInvestmentManagementCo.,Ltd.. |
ChangeofthecontrollingshareholderintheReportingPeriod:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
3.ActualControllerandItsActing-in-ConcertPartiesNatureoftheactualcontroller:Centralinstitutionforstate-ownedassetsmanagementTypeoftheactualcontroller:legalperson
Nameofactualcontroller | Legalrepresentative/personin | Dateof | Unifiedsocial | Principal |
KonkaGroupCo.,Ltd.AnnualReport2022
charge | establishment | creditcode | activity | |
State-ownedAssetsSupervisionandAdministrationCommissionoftheStateCouncil | ZhangYuzhuo | Notapplicable | Notapplicable | |
Actualcontroller’sholdingsinotherlistedcompaniesathomeorabroadintheReportingPeriod | Notapplicable |
ChangeoftheactualcontrollerduringtheReportingPeriod:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.OwnershipandcontrolrelationsbetweentheactualcontrollerandtheCompany:
IndicatebytickmarkwhethertheactualcontrollercontrolstheCompanyviatrustorotherwaysofassetmanagement.
□Applicable√Notapplicable
4.NumberofAccumulativePledgedSharesheldbytheCompany’sControllingShareholderortheLargestShareholderaswellasItsActing-in-ConcertPartiesAccountsfor80%ofallsharesoftheCompanyheldbyThem
□Applicable√Notapplicable
5.Other10%orGreaterCorporateShareholders
□Applicable√Notapplicable
6.LimitationsonShareholdingDecreasebytheCompany’sControllingShareholder,ActualController,ReorganizerandOtherCommitmentMakers
□Applicable√NotapplicableIVSpecificImplementationofShareRepurchasesintheReportingPeriodProgressonanysharerepurchases:
□Applicable√NotapplicableProgressonreducingtherepurchasedsharesbymeansofcentralizedbidding:
KonkaGroupCo.,Ltd.AnnualReport2022
□Applicable√Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2022
PartVIIIPreferenceShares
□Applicable√NotapplicableNoPreferencesharesintheReportingPeriod.
KonkaGroupCo.,Ltd.AnnualReport2022
PartIXCorporateBonds
√Applicable□NotapplicableIEnterpriseBonds
□Applicable√NotapplicableNoenterprisebondsintheReportingPeriod.IICorporateBonds
√Applicable□Notapplicable
1.BasicInformationoftheCorporateBonds
Unit:RMB
Name | Abbr. | Code | Issuedate | Valuedate | Duedate | Bondsbalance(RMB’0,000) | Interestrate | Wayofredemption | Tradeplace |
Privatelyplacedcorporatebondsin2021ofKonkaGroupCo.,Ltd(TrancheI) | 21Konka01 | 114894 | 8January2021 | 8January2021 | 8January2024 | 1,000,000,000.00 | 4.46% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondsin2021ofKonkaGroupCo.,Ltd(TrancheII) | 21Konka02 | 133003 | 21May2021 | 21May2021 | 21May2024 | 500,000,000.00 | 4.00% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondsin2021ofKonkaGroupCo.,Ltd(TrancheIII) | 21Konka03 | 133040 | 9July2021 | 9July2021 | 9July2024 | 800,000,000.00 | 3.95% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Corporatebondspubliclyofferedtoprofessionalinvestorsin2022ofKonkaGroupCo.,Ltd.(TrancheI)(VarietyI) | 22Konka01 | 149987 | 14July2022 | 14July2022 | 14July2025 | 1,200,000,000.00 | 3.23% | Interestsshallbepaideveryyearandtheprincipalsshallbe | ShenzhenStockExchange |
KonkaGroupCo.,Ltd.AnnualReport2022
repaidwhenexpired. | |||||||||
Privatelyplacedcorporatebondsin2022ofKonkaGroupCo.,Ltd(TrancheI)(VarietyI) | 22Konka03 | 133306 | 8September2022 | 8September2022 | 8September2025 | 600,000,000.00 | 3.30% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondsin2021ofKonkaGroupCo.,Ltd(TrancheII) | 22Konka05 | 133333 | 18October2022 | 18October2022 | 18October2025 | 600,000,000.00 | 3.50% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Appropriatearrangementoftheinvestors(ifany) | “21Konka01”,“21Konka02”,“21Konka03”,“22Konka03”and“22Konka05”wereplacedprivatelytoprofessionalinvestorsmeetingtherequirementsofmanagementmethodforinvestorseligibilityofShenzhenStockExchange,whichnotexceeding200persons.“22Konka01”wasofferedpubliclytoprofessionalinstitutionalinvestorsmeetingtherequirementsofMeasuresfortheAdministrationofIssuingandTradingCorporateBondsandopeningaqualifiedA-sharesecuritiesaccountinShenzhenBranchofChinaSecuritiesDepositoryandClearingCorporationLimited. | ||||||||
Applicabletrademechanism | Comprehensiveprotocoltradingplatform:Match-and-deal,click-and-deal,inquire-and-deal,bid-and-deal,andnegotiate-and-deal | ||||||||
Riskofdelisting(ifany)andcountermeasures | No |
Overduebonds
□Applicable√Notapplicable
2.TheTriggerandExecutionoftheOptionClauseoftheIssuersorInvestorsandtheInvestorProtectionClause
□Applicable√Notapplicable
3.IntermediaryDidtheintermediarychangeduringtheReportingPeriod?
□Yes√No
Bond | Intermediary | Officeaddress | Signatureaccountant | Contactpersonofintermediary | Contactnumber |
21Konka0121Konka0221Konka03 | IndustrialSecuritiesCo.,Ltd | 32/F,SKBuilding,No.6,JianguomenWaidajie,ChaoyangDistrict,Beijing | / | ZhangHuifang,ZhangNing | 010-50911203 |
ZTFSecuritiesCo.,Ltd. | CentralizedBusiness,FinanceandBusinessDistrict,ZoneB,ZhongtianExhibitionCity,NorthChanglingRoad,GuanshanhuDistrict,Guiyang,Guizhou(North) | / | QianXi,CaiDan | 0755-28777990 | |
UnitedRatings | No.2JianwaiStreet, | / | LiuQi | 010-85679696 |
KonkaGroupCo.,Ltd.AnnualReport2022
Co.,Ltd. | ChaoyangDistrict,Beijing | ||||
BeijingYingkeLawFirm | 19-25/F,Building2,CPCenter,Yard20,JinheEastRoad,ChaoyangDistrict,Beijing | / | ZhangJinxing,HanJian | 0755-36866600 | |
RuihuaCertifiedPublicAccountants(SpecialGeneralPartnership) | 4/F,Building2,Yard16,XisihuanMiddleRoad,HaidianDistrict,Beijing | LiuGuibin | LiuGuibin | 010-88219191 | |
ShinewingCertifiedPublicAccountants(SpecialGeneralPartnership) | 8/F,BlockA,FuHuaMansion,No.8,ChaoyangmenBeidajie,DongchengDistrict,Beijing | LiuJianhua,TangQimei | LiuJianhua,TangQimei | 028-62922886 | |
22Konka01 | IndustrialSecuritiesCo.,Ltd | 32/F,SKBuilding,No.6,JianguomenWaidajie,ChaoyangDistrict,Beijing | / | ZhangHuifang,ZhangNing | 010-50911203 |
ZTFSecuritiesCo.,Ltd. | CentralizedBusiness,FinanceandBusinessDistrict,ZoneB,ZhongtianExhibitionCity,NorthChanglingRoad,GuanshanhuDistrict,Guiyang,Guizhou(North) | / | QianXi,CaiDan | 0755-28777990 | |
UnitedRatingsCo.,Ltd. | No.2JianwaiStreet,ChaoyangDistrict,Beijing | / | LiuQi | 010-85679696 | |
BeijingYingkeLawFirm | 19-25/F,Building2,CPCenter,Yard20,JinheEastRoad,ChaoyangDistrict,Beijing | / | ZhangJinxing,HanJian | 0755-36866600 | |
ShinewingCertifiedPublicAccountants(SpecialGeneralPartnership) | 8/F,BlockA,FuHuaMansion,No.8,ChaoyangmenBeidajie,DongchengDistrict,Beijing | GuoDongchao,LiuLihong,ZhanMiaoling,LiuJianhua,TangQimei | LiuJianhua,TangQimei | 028-62922886 | |
22Konka0322Konka05 | IndustrialSecuritiesCo.,Ltd | 32/F,SKBuilding,No.6,JianguomenWaidajie,ChaoyangDistrict,Beijing | / | ZhangHuifang,ZhangNing | 010-50911203 |
ZTFSecuritiesCo.,Ltd. | CentralizedBusiness,FinanceandBusinessDistrict,ZoneB,ZhongtianExhibitionCity,NorthChanglingRoad,GuanshanhuDistrict,Guiyang,Guizhou(North) | / | QianXi, | 0755-28777990 | |
BeijingYingkeLawFirm | 19-25/F,Building2,CPCenter,Yard20,JinheEastRoad,ChaoyangDistrict,Beijing | / | ZhangJinxing,HanJian | 0755-36866600 | |
ShinewingCertifiedPublicAccountants(SpecialGeneral | 8/F,BlockA,FuHuaMansion,No.8,ChaoyangmenBeidajie,DongchengDistrict,Beijing | GuoDongchao,LiuLihong,ZhanMiaoling,LiuJianhua,TangQimei | LiuJianhua,TangQimei | 020-28309500 |
KonkaGroupCo.,Ltd.AnnualReport2022
4.ListoftheUsageoftheRaisedFunds
Unit:RMB
Partnership)Bonds
Bonds | Totalamount | Amountspent | Unusedamount | Operationofspecialaccountforraisedfunds(ifany) | Rectificationofraisedfundsforviolationoperation(ifany) | Whetherisconsistentwiththeusage,usingplanandotheragreementsstipulatedintheraisingspecification |
21Konka01 | 1,000,000,000.00 | 1,000,000,000.00 | 0 | Yes | ||
21Konka02 | 500,000,000.00 | 500,000,000.00 | 0 | |||
21Konka03 | 800,000,000.00 | 800,000,000.00 | 0 | |||
22Konka01 | 1,200,000,000.00 | 1,200,000,000.00 | 0 | |||
22Konka03 | 600,000,000.00 | 600,000,000.00 | 0 | |||
22Konka05 | 600,000,000.00 | 600,000,000.00 | 0 |
Theraisedfundswereusedforprojectconstruction
□Applicable√NotapplicableTheCompanychangedtheusageofabovefundsraisedfrombondsduringtheReportingPeriod.
□Applicable√Notapplicable
5.AdjustmentofCreditRatingResultsduringtheReportingPeriod
□Applicable√Notapplicable
6.ExecutionandChangesofGuarantee,RepaymentPlanandOtherRepaymentGuaranteeMeasuresaswellasInfluenceonEquityofBondInvestorsduringtheReportingPeriod
√Applicable□NotapplicableOCTGroupprovidesfull,unconditionalandirrevocablejointliabilityguaranteefor"21Konka01","21Konka02","21Konka03",“22Konka01”,“22Konka03”and“22Konka05”.TheCreditEnhancementMechanisms,RedemptionPlansandOtherRedemptionSecurityMeasuresduringtheReportingPeriodareexecutedaccordingtoagreement.Nochangeoccurred.IIIDebtFinancingInstrumentsofNon-financialEnterprises
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IVConvertibleCorporateBonds
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VLossesofScopeofConsolidatedFinancialStatementsduringtheReportingPeriodExceeding10%ofNetAssetsupthePeriod-endofLastYear
√Applicable□Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2022
Item | Detailsofloss | Reasonforloss | Impactonthecompany'sproduction,operationandsolvency |
Netprofitattributabletoshareholdersoflistedcompanies | DuringtheReportingPeriod,theCompany'snetprofitlossattributabletoshareholdersoflistedcompanieswasRMB1.471billion,accountingfor14.42%ofthenetassetsattheendofthepreviousyear. | 1.In2022,whilethescaleoftheconsumerelectronicsbusinessdeclined,thegrossprofitoftheCompany'sconsumerelectronicsbusinessdeclinedsignificantlyandincurredacertainamountoflossduetofactorssuchasfluctuationsinrawmaterialprices,increasinglyfiercemarketcompetition,continuedlowaverageretailpricesofconsumerelectronicsproductsandrisingshippingcosts.2.In2022,theCompany'ssemiconductorbusinesscontinuedtogrowinR&Dinvestment,butasitwasstillinthesmall-volumeindustrializationstage,itwasnotabletoachievethecorrespondingrevenueandprofitin2022,whichaffectedtheoverallearningsperformanceoftheCompany.3.In2022,inordertoeffectivelyrevitalizetheassetsandfurtherfocusonthemainbusiness,theCompanytooktheinitiativetodivestandliquidatetheassetsthatarenotstrongenoughtocontributetothedevelopmentofthemainbusinessandmakelowcontributiontotheexpansionoftheindustrialchain,andbasedontheprincipleofprudence,theCompanyrecordedcreditandassetimpairmentonsomeofthereceivablesandinventorythatmaybeimpaired.TheCompanymadeimpairmentprovisionsofRMB1,245millionforassetssuchasaccountsreceivableandinventories,resultinginadeclineinprofitability.4.Duetothemacroeconomicenvironment,theCompanyproactivelycontracteditsindustrialparkandinvestmentbusinessin2022,resultinginasignificantdeclineinrelatedearnings.RMB4,047millionofgainorlossondisposalofnon-currentassetswasincurredin2021duetothedisposalofequityinterestsinsomeoftheCompany'ssubsidiaries.Thegainorlossondisposalofnon-currentassetsin2022wasRMB755million,withadecreaseof81.33%year-on-year. | TheCompanywillbaseonitsmainbusiness,adheretotheplatformprofessionaloperation,implementleanmanagement,advocatelong-termvalue,focusonefficiencyimprovement,continuetopromotecostreductionandefficiency,costcontrolandefficiency,andcontinuetooptimizetheindustrialstructure.Fortheconsumerelectronicsbusiness,theCompanywillcontinuetopromotethereformandupgradeofthecolorTVbusinessandexpandandstrengthenthewhiteTVbusiness,soastoachieveabalancepointinthesustainabledevelopmentofthecoreconsumerelectronicsbusinessintherestructuringandenhancethemarketvoice,industrystatusandpremiumlevel.Forthesemiconductorbusiness,theCompanywillfocusoncoresemiconductortechnologybreakthroughs,acceleratethepaceofsemiconductorindustrializationandenhancemarketeffectiveness.ThelossforthereportingperiodwillnotaffectthenormalproductionandoperationoftheCompanyandtherepaymentofdebtsdue. |
VIMaturedInterest-bearingDebtexcludingBondsupthePeriod-end
□Applicable√NotapplicableVIIWhethertherewasanyViolationofRulesandRegulationsduringtheReportingPeriod
□Yes√NoVIIITheMajorAccountingDataandtheFinancialIndicatorsoftheRecent2YearsoftheCompanyupthePeriod-end
Unit:RMB’0,000
Item | 31December2022 | 31December2021 | Increase/decrease |
Currentratio | 118.17% | 88.92% | 32.89% |
Asset-liabilityratio | 77.74% | 74.42% | 3.32% |
Quickratio | 88.59% | 71.36% | 24.15% |
2022 | 2021 | Increase/decrease | |
Netprofitafterdeductingnon-recurringprofitorloss | -266,555.04 | -325,079.81 | 18.00% |
KonkaGroupCo.,Ltd.AnnualReport2022
Debt/EBITDAratio | -3.45% | 13.59% | -17.04% |
Timesinterestearned | -1.99 | 2.38 | -183.61% |
Timesinterestearnedofcash | 0.42 | 2.33 | -81.97% |
TimesinterestearnedofEBITDA | -1.12 | 2.97 | -137.71% |
Loanrepaymentrate | 100.00% | 100.00% | 0.00% |
Interestcoverage | 100.00% | 100.00% | 0.00% |
KonkaGroupCo.,Ltd.AnnualReport2022
PartXFinancialStatements
IIndependentAuditor’sReport
Typeoftheindependentauditor’sopinion | Unmodifiedunqualifiedopinion |
Dateofsigningthisreport | 24March2023 |
Nameoftheindependentauditor | ShineWingCertifiedPublicAccountants(SpecialGeneralPartnership) |
Referencenumberofauditreport | XYZH//2023GZAA7B0025 |
Nameofthecertifiedpublicaccountants | TangQimei,LiuLihong |
IndependentAuditor’sReport
XYZH//2023GZAA7B0025AllshareholdersofKonkaGroupCo.,Ltd.:
I.OpinionWehaveauditedtheaccompanyingfinancialstatementsofKonkaGroupCo.,Ltd.(the“KonkaGroup”),whichcomprisetheCompany’sandconsolidatedbalancesheetsoftheparentcompanyasat31December2022,theCompany’sandconsolidatedincomestatementsoftheparentcompany,theCompany’sandconsolidatedcashflowstatementsoftheparentcompany,theCompany’sandconsolidatedstatementsofchangesinshareholders’equityoftheparentcompanyfortheyearthenended,aswellasthenotestothefinancialstatements.Inouropinion,thefinancialstatementsattachedwerepreparedinlinewiththeregulationsofAccountingStandardsforBusinessEnterprisesinallsignificantaspectswhichgaveatrueandfairviewoftheconsolidatedandparentfinancialpositionoftheCompanyasat31December2022andtheconsolidatedandparentbusinessperformanceandcashflowoftheCompanyfor2022.II.BasisforOpinionWeconductedourauditinaccordancewithStandardsonAuditingforCertifiedPublicAccountants.OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditor’sResponsibilitiesfortheAuditoftheFinancialStatementssectionofourreport.Inaccordancewithprofessionalethicsforcertifiedpublicaccountants,weareindependentwithFoshanHuaxinPackingCo.,Ltd.andwehavefulfilledourotherethicalresponsibilities.Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforouropinion.III.KeyAuditMattersKeyauditmattersarethosemattersthat,inourprofessionaljudgment,wereofmostsignificanceinourauditofthefinancialstatementsoftheCurrentPeriod.Thesematterswereaddressedinthecontextofourauditofthefinancialstatementsasawhole,andinformingouropinionthereon,andwedonotprovideaseparateopiniononthesematters.
KonkaGroupCo.,Ltd.AnnualReport2022
1.Recognitionofoperatingrevenues | |
Keyauditmatters | Countermeasuresofaudit |
Pleaserefertothenotestothefinancialstatements"six,notestotheconsolidatedfinancialstatements"47.In2022,KonkaGroup'sconsolidatedfinancialstatementsconfirmedoperatingincomeofRMB29,607.8543million,themainlyrevenuecomesfromtheelectronicbusiness,tradingbusiness,andenvironmentalprotectionbusiness,environmentalprotectionbusiness,etc.Duetotheimportanceofrevenuetothefinancialstatementsasawhole,andtheinherentmisstatementriskofmanagement'smanipulationofrevenuerecognitioninordertoachievespecificgoalsorexpectations,wemakerevenuerecognitionakeyauditmatter. | (1)Evaluateandtestincometoconfirmtheeffectivenessofkeyinternalcontroldesignandoperation;(2)Obtainsignedsalescontracts,analyzerelevantprovisions,andevaluatewhethertherevenuerecognitionofKonkaGroupisincompliancewiththeAccountingStandardsforBusinessEnterprises;(3)ObtainthesaleslistofKonkaGroupproducts,examinethecustomers’informationregisteredwiththeindustrialandcommercialadministration,inquiretherelevantpersonnelofKonkaGroup,andidentifywhetheranyofthecustomersisarelatedpartytoKonkaGroup;(4)Performanalyticalproceduresonrevenueandcosts,evaluatetherationalityofsalesrevenueandgrossprofitmarginchanges;(5)Examinematerialssuchasimportantsalescontracts,orders,invoices,goodsownershiptransfercertificates,bankreceipts,invoices;regardingtheindustrytradebusiness,learnabouttradingbackgroundsandbusinessnaturetodecidewhetherKonkaGroupisthemainresponsibilityentityoranagent;selectimportantcustomers,verifythetransactionamountsandbalancesinwritingtoverifythetruthfulness,completenessandaccuracyofrevenue;(6)Conductacut-offtestonsalesrevenue. |
2.Recognitionofinvestmentincome | |
Keyauditmatters | Countermeasuresofaudit |
Pleaserefertothenotestothefinancialstatements"six,notestotheconsolidatedfinancialstatements"54.In2022,KonkaGroup'sconsolidatedfinancialstatementsconfirmedinvestmentincomeofRMB936.0064millionMainlyforthedisposalofinvestmentincomegeneratedbylong-termequityinvestment,thegainsfromtheremeasurementoftheremainingequityatequitymethodonthedayofthelossofcontrolrightsatfairvalue.Sincetheamountofinvestmentincomeissignificant,we | (1)Evaluateandtestincometoconfirmtheeffectivenessofkeyinternalcontroldesignandoperation;(2)Obtainingrelevantdecision-makingdocumentsforthedisposalofthetargetcompany'sequity,aswellasequitytransferagreementsandtransactiondocuments,conductinginterviewswiththecompany'smanagementandselectedequitytransfereestounderstandthecommercialbackgroundandrationalityoftheequitytransfer,inordertodeterminetheauthenticityoftheequitytransfer;(3)ObtainKonkaGroup’scustomerlist,examinethecustomers’informationregisteredwiththeindustrialandcommercialadministration,inquiretherelevantpersonnelofKonkaGroup,andidentifywhetheranyofthecustomersisarelatedpartytoKonkaGroup;(4)Performanalyticalproceduresonrevenueandcosts,evaluatetherationalityofsalesrevenueandgrossprofitmarginchanges; |
KonkaGroupCo.,Ltd.AnnualReport2022
1.Recognitionofoperatingrevenues | |
Keyauditmatters | Countermeasuresofaudit |
confirmtherecognitionofinvestmentincomeasakeyauditmatter. | (5)Examinematerialssuchasimportantsalescontracts,orders,invoices,goodsownershiptransfercertificates,bankreceipts,invoices;regardingtheindustrytradebusiness,learnabouttradingbackgroundsandbusinessnaturetodecidewhetherKonkaGroupisthemainresponsibilityentityoranagent;selectimportantcustomers,verifythetransactionamountsandbalancesinwritingtoverifythetruthfulness,completenessandaccuracyofrevenue;and(6)Conductacut-offtestonsalesrevenue. |
IV.OtherInformationThemanagementoftheCompanyisresponsiblefortheotherinformation.Theotherinformationcomprisesalloftheinformationincludedintheannualreportfor2022otherthanthefinancialstatementsandourauditor’sreportthereon.Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationandwedonotexpressanyformofassuranceconclusionthereon.Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,indoingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorourknowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.If,basedontheworkwehaveperformed,weconcludethatthereisamaterialmisstatementofthisotherinformation,wearerequiredtoreportthatfact.Wehavenothingtoreportinthisregard.V.ResponsibilityofManagementandThoseChargedwithGovernancefortheFinancialStatementsThemanagementoftheCompanyisresponsibleforthepreparationandfairpresentationofthesefinancialstatementsinaccordancewithAccountingStandardsforBusinessEnterprisestomakethemafairpresentationanddesigning,implementingandmaintaininginternalcontrolrelevanttothepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherduetofraudorerror.Inpreparingthefinancialstatements,themanagementoftheCompanyisresponsibleforassessingtheCompany’sabilitytocontinueasagoingconcern,disclosing,ifapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasisofaccountingunlessthemanagementeitherintendstoliquidatetheCompanyortoceaseoperations,orhasnorealisticalternativebuttodoso.ThosechargedwithgovernanceareresponsibleforoverseeingtheCompany’sfinancialreportingprocess.VI.CPA’sResponsibilityfortheAuditoftheFinancialStatementsOurobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawhole
KonkaGroupCo.,Ltd.AnnualReport2022
arefreefrommaterialmisstatement,whetherduetofraudorerror,andtoissueanauditor’sreportthatincludesouropinion.Wereportouropinionsolelytoyou,asabody,andfornootherpurpose.Wedonotassumeresponsibilitytowardsoracceptliabilitytoanyotherpersonforthecontentsofthisreport.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconductedinaccordancewithauditingstandardswillalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefromfraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpectedtoinfluencetheeconomicdecisionsofuserstakenonthebasisofthesefinancialstatements.Aspartofanauditinaccordancewithauditingstandards,weexerciseprofessionaljudgmentandmaintainprofessionalskepticismthroughouttheaudit.Wealso:
(1)Identifyandassesstherisksofmajormisstatementoffinancialstatementsduetofraudorerrors,designandimplementauditprocedurestodealwiththeserisks,andobtainsufficientandappropriateauditevidenceasthebasisforissuingauditopinions.Sincefraudmayinvolvecollusion,forgery,intentionalomissions,misrepresentation,oroverridinginternalcontrol,theriskoffailingtodetectamajormisstatementduetofraudishigherthantheriskoffailingtodetectamajormisstatementduetoerror.
(2)Understandtheinternalcontrolrelatedtoauditinginordertodesignappropriateauditingprocedures.
(3)Evaluatetheappropriatenessofmanagement'sselectionofaccountingpoliciesandtherationalityofaccountingestimatesandrelateddisclosures.
(4)Todrawconclusionsontheappropriatenessofthemanagement'suseofcontinuousoperationassumptions.Atthesametime,basedontheauditevidenceobtained,aconclusioncanbedrawnonwhetherthereisamaterialuncertaintythatmaycausesignificantdoubtsaboutKonkaGroup'sabilitytocontinueoperations.Ifweconcludethattherearesignificantuncertainties,theauditingstandardsrequireustodrawtheattentionoftheusersofthestatementstotherelevantdisclosuresinthefinancialstatementsintheauditreport;ifthedisclosuresareinsufficient,weshouldissueanon-reservedopinion.Ourconclusionisbasedontheinformationavailableasofthedateoftheauditreport.However,futureeventsorcircumstancesmaypreventKonkaGroupfromcontinuingitsoperations.
(5)Evaluatetheoverallpresentation,structure,andcontentofthefinancialstatements,andevaluatewhetherthefinancialstatementsfairlyreflectrelatedtransactionsandevents.
(6)ObtainsufficientandappropriateauditevidenceonthefinancialinformationoftheentitiesorbusinessactivitiesinKonkaGrouptoexpressauditopinionsonthefinancialstatements.Weareresponsibleforguiding,supervisingandexecutinggroupaudits,andassumefullresponsibilityforauditopinions.Wecommunicatewiththosechargedwithgovernanceregarding,amongothermatters,theplanned
KonkaGroupCo.,Ltd.AnnualReport2022
scopeandtimingoftheauditandsignificantauditfindings,includinganysignificantdeficienciesininternalcontrolthatweidentifyduringouraudit.Wealsoprovidethosechargedwithgovernancewithastatementthatwehavecompliedwithrelevantethicalrequirementsregardingindependence,andtocommunicatewiththemallrelationshipsandothermattersthatmayreasonablybethoughttobearonourindependence,andrelatedsafeguards(ifapplicable).Fromthematterscommunicatedwiththosechargedwithgovernance,wedeterminethosemattersthatwereofmostsignificanceintheauditofthefinancialstatementsoftheCurrentPeriodandarethereforethekeyauditmatters.Wedescribethesemattersinourauditor’sreportunlesslaworregulationprecludespublicdisclosureaboutthematterorwhen,inextremelyrarecircumstances,wedeterminethatamattershouldnotbecommunicatedinourreportbecausetheadverseconsequencesofdoingsowouldreasonablybeexpectedtooutweighthepublicinterestbenefitsofsuchcommunication.
ShineWingCertifiedPublicAccountants(SpecialGeneralPartnership) | CPA:(EngagementPartner) |
CPA:
CPA:
Beijing·China
Beijing·China | 24March2023 |
KonkaGroupCo.,Ltd.AnnualReport2022
IIFinancialStatementsCurrencyunitforthefinancialstatementsandthenotesthereto:RMB
1.ConsolidatedBalanceSheetPreparedbyKonkaGroupCo.,Ltd.
31December2022
Unit:RMB
Item | 31December2022 | 1January2022 |
Currentassets: | ||
Monetaryassets | 5,988,095,490.71 | 6,489,553,211.24 |
Settlementreserve | ||
Interbankloansgranted | ||
Held-for-tradingfinancialassets | ||
Derivativefinancialassets | ||
Notesreceivable | 1,059,737,243.54 | 1,777,477,481.28 |
Accountsreceivable | 2,036,734,836.22 | 3,397,729,481.07 |
Accountsreceivablefinancing | 237,187,228.44 | 71,490,688.54 |
Prepayments | 389,947,652.39 | 631,400,953.86 |
Premiumsreceivable | ||
Reinsurancereceivables | ||
Receivablereinsurancecontractreserve | ||
Otherreceivables | 1,442,124,845.58 | 1,837,459,705.64 |
Including:Interestreceivable | 3,878,580.64 | 2,573,082.79 |
Dividendsreceivable | 272,999.43 | |
Financialassetspurchasedunderresaleagreements | ||
Inventories | 4,409,767,756.22 | 4,068,537,809.18 |
Contractassets | ||
Assetsheldforsale | ||
Currentportionofnon-currentassets | 14,630,000.00 | 28,105,523.78 |
Othercurrentassets | 2,038,841,225.83 | 2,299,963,391.24 |
Totalcurrentassets | 17,617,066,278.93 | 20,601,718,245.83 |
Non-currentassets: | ||
Loansandadvancestocustomers | ||
Investmentsindebtobligations | ||
Investmentsinotherdebtobligations | ||
Long-termreceivables | 800,400.00 | 18,495,499.14 |
Long-termequityinvestments | 6,351,232,955.58 | 5,902,588,939.51 |
Investmentsinotherequityinstruments | 23,841,337.16 | 23,841,337.16 |
Othernon-currentfinancialassets | 2,639,662,273.32 | 2,293,361,603.68 |
Investmentproperty | 802,407,844.60 | 776,525,061.54 |
Fixedassets | 4,114,029,693.38 | 4,010,295,277.14 |
Constructioninprogress | 1,990,361,377.07 | 1,490,777,831.39 |
Productivelivingassets | ||
Oilandgasassets | ||
Right-of-useassets | 50,019,838.68 | 71,210,415.37 |
Intangibleassets | 1,116,739,707.27 | 975,295,916.08 |
Developmentcosts | 16,870,310.70 | |
Goodwill | 22,196,735.11 | 22,196,735.11 |
Long-termprepaidexpense | 387,309,503.07 | 297,497,383.39 |
Deferredincometaxassets | 1,190,454,750.62 | 725,315,725.10 |
Othernon-currentassets | 1,710,245,378.26 | 2,648,530,490.12 |
Totalnon-currentassets | 20,399,301,794.12 | 19,272,802,525.43 |
KonkaGroupCo.,Ltd.AnnualReport2022
Totalassets | 38,016,368,073.05 | 39,874,520,771.26 |
Currentliabilities: | ||
Short-termborrowings | 7,579,559,304.97 | 9,920,675,121.08 |
Borrowingsfromthecentralbank | ||
Interbankloansobtained | ||
Held-for-tradingfinancialliabilities | ||
Derivativefinancialliabilities | ||
Notespayable | 1,054,573,822.04 | 1,116,336,958.91 |
Accountspayable | 2,659,946,562.93 | 3,784,315,091.41 |
Advancesfromcustomers | 825.69 | |
Contractliabilities | 601,044,358.35 | 652,910,408.02 |
Financialassetssoldunderrepurchaseagreements | ||
Customerdepositsandinterbankdeposits | ||
Payablesforactingtradingofsecurities | ||
Payablesforunderwritingofsecurities | ||
Employeebenefitspayable | 348,608,204.05 | 410,747,084.80 |
Taxespayable | 291,102,679.36 | 295,825,170.41 |
Otherpayables | 1,895,711,373.34 | 1,788,177,748.59 |
Including:Interestpayable | 29,590,464.00 | 174,383,177.08 |
Dividendspayable | ||
Handlingchargesandcommissionspayable | ||
Reinsurancepayables | ||
Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
Currentportionofnon-currentliabilities | 409,220,030.69 | 5,089,586,269.32 |
Othercurrentliabilities | 68,449,783.71 | 109,742,188.24 |
Totalcurrentliabilities | 14,908,216,945.13 | 23,168,316,040.78 |
Non-currentliabilities: | ||
Insurancecontractreserve | ||
Long-termborrowings | 8,906,931,402.89 | 3,529,140,539.09 |
Bondspayable | 4,792,392,044.13 | 2,293,698,899.30 |
Including:Preferredshares | ||
Perpetualbonds | ||
Leaseliabilities | 36,586,639.16 | 42,532,869.63 |
Long-termpayables | 7,964,127.18 | 140,687,570.78 |
Long-termemployeebenefitspayable | 4,894,209.73 | 5,111,296.75 |
Provisions | 159,395,579.55 | 106,276,535.85 |
Deferredincome | 334,844,966.31 | 206,302,424.92 |
Deferredincometaxliabilities | 89,535,936.97 | 76,894,581.97 |
Othernon-currentliabilities | 314,233,260.08 | 104,610,663.76 |
Totalnon-currentliabilities | 14,646,778,166.00 | 6,505,255,382.05 |
Totalliabilities | 29,554,995,111.13 | 29,673,571,422.83 |
Owners’equity: | ||
Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 365,247,361.05 | 234,389,963.10 |
Less:Treasurystock | ||
Othercomprehensiveincome | -14,265,181.63 | -20,336,087.87 |
Specificreserve | ||
Surplusreserves | 1,244,180,364.24 | 1,244,180,364.24 |
Generalreserve | ||
Retainedearnings | 3,637,291,770.33 | 5,229,098,788.94 |
TotalequityattributabletoownersoftheCompanyastheparent | 7,640,399,721.99 | 9,095,278,436.41 |
Non-controllinginterests | 820,973,239.93 | 1,105,670,912.02 |
Totalowners’equity | 8,461,372,961.92 | 10,200,949,348.43 |
KonkaGroupCo.,Ltd.AnnualReport2022
Totalliabilitiesandowners’equity | 38,016,368,073.05 | 39,874,520,771.26 |
Legalrepresentative:ZhouBinCFO:LiChunleiHeadofthefinancialdepartment:PingHeng
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
Item | 31December2022 | 1January2022 |
Currentassets: | ||
Monetaryassets | 3,987,295,740.42 | 4,809,203,282.52 |
Held-for-tradingfinancialassets | ||
Derivativefinancialassets | ||
Notesreceivable | 353,764,106.66 | 912,584,879.70 |
Accountsreceivable | 4,473,878,994.50 | 4,468,684,877.11 |
Accountsreceivablefinancing | 6,250,000.00 | |
Prepayments | 2,105,477,988.44 | 1,617,640,913.05 |
Otherreceivables | 10,342,326,355.05 | 10,925,066,231.53 |
Including:Interestreceivable | 3,878,580.64 | 2,002,526.91 |
Dividendsreceivable | 393,563,347.61 | 383,943,256.80 |
Inventories | 173,658,748.80 | 192,035,723.31 |
Contractassets | ||
Assetsheldforsale | ||
Currentportionofnon-currentassets | ||
Othercurrentassets | 1,581,440,821.79 | 1,736,172,492.35 |
Totalcurrentassets | 23,017,842,755.66 | 24,667,638,399.57 |
Non-currentassets: | ||
Investmentsindebtobligations | ||
Investmentsinotherdebtobligations | ||
Long-termreceivables | ||
Long-termequityinvestments | 9,100,689,137.42 | 8,633,142,223.64 |
Investmentsinotherequityinstruments | 17,940,215.36 | 17,940,215.36 |
Othernon-currentfinancialassets | 396,353,137.96 | 200,326,093.02 |
Investmentproperty | 439,835,051.61 | 455,475,442.43 |
Fixedassets | 418,021,638.28 | 398,611,899.13 |
Constructioninprogress | 481,659,536.66 | 304,489,347.00 |
Productivelivingassets | ||
Oilandgasassets | ||
Right-of-useassets | 1,341,125.40 | 4,023,376.21 |
Intangibleassets | 65,620,126.31 | 55,814,854.54 |
Developmentcosts | ||
Goodwill | ||
Long-termprepaidexpense | 36,665,581.09 | 31,718,868.00 |
Deferredincometaxassets | 1,127,531,647.49 | 711,814,124.48 |
Othernon-currentassets | 458,931.60 | |
Totalnon-currentassets | 12,086,116,129.18 | 10,813,356,443.81 |
Totalassets | 35,103,958,884.84 | 35,480,994,843.38 |
Currentliabilities: | ||
Short-termborrowings | 2,217,049,472.22 | 4,259,749,597.92 |
Held-for-tradingfinancialliabilities | ||
Derivativefinancialliabilities | ||
Notespayable | 890,526,510.04 | 1,126,421,923.99 |
Accountspayable | 6,918,579,963.57 | 8,297,778,584.91 |
Advancesfromcustomers | ||
Contractliabilities | 2,445,363,632.98 | 740,817,658.30 |
Employeebenefitspayable | 90,137,022.47 | 128,148,938.08 |
Taxespayable | 4,095,684.11 | 8,022,098.02 |
KonkaGroupCo.,Ltd.AnnualReport2022
Otherpayables | 3,941,891,644.62 | 4,155,006,946.60 |
Including:Interestpayable | 29,271,307.22 | 171,516,416.71 |
Dividendspayable | ||
Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
Currentportionofnon-currentliabilities | 151,933,839.55 | 4,715,415,917.78 |
Othercurrentliabilities | 7,129,729.38 | 11,124,209.72 |
Totalcurrentliabilities | 16,666,707,498.94 | 23,442,485,875.32 |
Non-currentliabilities: | ||
Long-termborrowings | 8,261,287,052.44 | 3,161,298,604.12 |
Bondspayable | 4,792,392,044.13 | 2,293,698,899.30 |
Including:Preferredshares | ||
Perpetualbonds | ||
Leaseliabilities | 1,664,232.11 | |
Long-termpayables | ||
Long-termemployeebenefitspayable | ||
Provisions | 83,666,032.25 | 572,097.48 |
Deferredincome | 43,377,324.62 | 36,243,964.61 |
Deferredincometaxliabilities | ||
Othernon-currentliabilities | 42,948,698.55 | 43,677,187.49 |
Totalnon-currentliabilities | 13,223,671,151.99 | 5,537,154,985.11 |
Totalliabilities | 29,890,378,650.93 | 28,979,640,860.43 |
Owners’equity: | ||
Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 241,044,390.55 | 110,696,992.60 |
Less:Treasurystock | ||
Othercomprehensiveincome | -1,500,000.00 | -1,500,000.00 |
Specificreserve | ||
Surplusreserves | 1,260,024,039.76 | 1,260,024,039.76 |
Retainedearnings | 1,306,066,395.60 | 2,724,187,542.59 |
Totalowners’equity | 5,213,580,233.91 | 6,501,353,982.95 |
Totalliabilitiesandowners’equity | 35,103,958,884.84 | 35,480,994,843.38 |
3.ConsolidatedIncomeStatement
Unit:RMB
Item | 2022 | 2021 |
1.Revenue | 29,607,854,255.27 | 49,106,513,669.58 |
Including:Operatingrevenue | 29,607,854,255.27 | 49,106,513,669.58 |
Interestrevenue | ||
Insurancepremiumincome | ||
Handlingchargeandcommissionincome | ||
2.Costsandexpenses | 32,164,076,308.01 | 51,466,453,430.94 |
Including:Costofsales | 28,788,638,393.88 | 47,401,884,981.53 |
Interestcosts | ||
Handlingchargeandcommissionexpense | ||
Surrenders | ||
Netinsuranceclaimspaid | ||
Netamountprovidedasinsurancecontractreserve | ||
Expenditureonpolicydividends | ||
Reinsurancepremiumexpense | ||
Taxesandsurcharges | 119,339,820.01 | 107,078,675.16 |
Sellingexpense | 1,240,144,735.77 | 1,428,062,895.37 |
KonkaGroupCo.,Ltd.AnnualReport2022
Administrativeexpense | 949,647,590.28 | 960,449,117.12 |
R&Dexpense | 543,882,024.89 | 616,335,488.01 |
Financecosts | 522,423,743.18 | 952,642,273.75 |
Including:Interestexpense | 913,721,408.10 | 1,003,080,641.99 |
Interestincome | 237,115,652.09 | 169,492,982.89 |
Add:Otherincome | 928,712,500.81 | 1,353,534,580.11 |
Returnoninvestment(“-”forloss) | 936,006,397.44 | 4,216,806,949.38 |
Including:Shareofprofitorlossofjointventuresandassociates | 123,392,731.97 | 78,926,555.74 |
Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
Exchangegain(“-”forloss) | ||
Netgainonexposurehedges(“-”forloss) | ||
Gainonchangesinfairvalue(“-”forloss) | -40,731,333.54 | 52,490,907.33 |
Creditimpairmentloss(“-”forloss) | -949,885,019.53 | -1,107,273,681.31 |
Assetimpairmentloss(“-”forloss) | -295,395,852.33 | -643,102,386.02 |
Assetdisposalincome(“-”forloss) | 9,580,708.29 | 571,964.16 |
3.Operatingprofit(“-”forloss) | -1,967,934,651.60 | 1,513,088,572.29 |
Add:Non-operatingincome | 125,139,042.00 | 82,601,532.35 |
Less:Non-operatingexpense | 224,724,245.84 | 24,444,724.35 |
4.Profitbeforetax(“-”forloss) | -2,067,519,855.44 | 1,571,245,380.29 |
Less:Incometaxexpense | -297,356,565.55 | 764,544,554.19 |
5.Netprofit(“-”fornetloss) | -1,770,163,289.89 | 806,700,826.10 |
5.1Byoperatingcontinuity | ||
5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | -1,770,163,289.89 | 806,700,826.10 |
5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.2Byownership | ||
5.2.1NetprofitattributabletoshareholdersoftheCompanyastheparent | -1,471,409,748.21 | 905,352,997.68 |
5.2.1Netprofitattributabletonon-controllinginterests | -298,753,541.68 | -98,652,171.58 |
6.Othercomprehensiveincome,netoftax | 7,669,161.80 | -6,210,784.44 |
AttributabletoownersoftheCompanyastheparent | 6,070,906.24 | -3,753,045.45 |
6.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
6.1.5Other | ||
6.2Itemsthatwillbereclassifiedtoprofitorloss | 6,070,906.24 | -3,753,045.45 |
6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | -2,814,803.62 | 1,182,217.31 |
6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
6.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
6.2.5Reserveforcashflowhedges | ||
6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | 8,885,709.86 | -4,935,262.76 |
6.2.7Other | ||
Attributabletonon-controllinginterests | 1,598,255.56 | -2,457,738.99 |
7.Totalcomprehensiveincome | -1,762,494,128.09 | 800,490,041.66 |
AttributabletoownersoftheCompanyastheparent | -1,465,338,841.97 | 901,599,952.23 |
Attributabletonon-controllinginterests | -297,155,286.12 | -101,109,910.57 |
KonkaGroupCo.,Ltd.AnnualReport2022
8.Earningspershare | ||
8.1Basicearningspershare | -0.6111 | 0.3760 |
8.2Dilutedearningspershare | -0.6111 | 0.3760 |
Legalrepresentative:ZhouBinCFO:LiChunleiHeadofthefinancialdepartment:PingHeng
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
Item | 2022 | 2021 |
1.Operatingrevenue | 1,811,783,519.02 | 2,866,801,648.83 |
Less:Costofsales | 1,962,490,364.97 | 2,801,504,839.24 |
Taxesandsurcharges | 15,338,452.88 | 12,498,811.40 |
Sellingexpense | 366,876,186.97 | 424,186,040.12 |
Administrativeexpense | 336,016,963.92 | 382,489,529.42 |
R&Dexpense | 72,787,542.14 | 97,574,600.53 |
Financecosts | 285,666,822.84 | 483,733,481.27 |
Including:Interestcosts | 819,229,878.82 | 839,889,878.68 |
Interestrevenue | 353,261,761.47 | 452,535,196.29 |
Add:Otherincome | 54,121,427.81 | 39,245,757.36 |
Returnoninvestment(“-”forloss) | 538,946,392.20 | 3,464,665,015.66 |
Including:Shareofprofitorlossofjointventuresandassociates | 138,908,805.41 | 94,791,865.50 |
Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
Netgainonexposurehedges(“-”forloss) | ||
Gainonchangesinfairvalue(“-”forloss) | -44,886,112.74 | -12,011,365.31 |
Creditimpairmentloss(“-”forloss) | -711,816,020.43 | -1,004,145,022.47 |
Assetimpairmentloss(“-”forloss) | -355,291,000.36 | -556,453,134.90 |
Assetdisposalincome(“-”forloss) | 6,034,182.85 | |
2.Operatingprofit(“-”forloss) | -1,740,283,945.37 | 596,115,597.19 |
Add:Non-operatingincome | 91,504,267.54 | 13,373,472.37 |
Less:Non-operatingexpense | 64,661,744.87 | 18,967,155.53 |
3.Profitbeforetax(“-”forloss) | -1,713,441,422.70 | 590,521,914.03 |
Less:Incometaxexpense | -415,717,523.01 | 265,929,368.36 |
4.Netprofit(“-”fornetloss) | -1,297,723,899.69 | 324,592,545.67 |
4.1Netprofitfromcontinuingoperations(“-”fornetloss) | -1,297,723,899.69 | 324,592,545.67 |
4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.Othercomprehensiveincome,netoftax | 1,182,217.31 | |
5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
5.1.5Other |
KonkaGroupCo.,Ltd.AnnualReport2022
5.2Itemsthatwillbereclassifiedtoprofitorloss | 1,182,217.31 | |
5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | 1,182,217.31 | |
5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
5.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
5.2.5Reserveforcashflowhedges | ||
5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
5.2.7Other | ||
6.Totalcomprehensiveincome | -1,297,723,899.69 | 325,774,762.98 |
7.Earningspershare | ||
7.1Basicearningspershare | ||
7.2Dilutedearningspershare |
5.ConsolidatedCashFlowStatement
Unit:RMB
Item | 2022 | 2021 |
1.Cashflowsfromoperatingactivities: | ||
Proceedsfromsaleofcommoditiesandrenderingofservices | 31,247,109,491.35 | 49,515,088,981.33 |
Netincreaseincustomerdepositsandinterbankdeposits | ||
Netincreaseinborrowingsfromthecentralbank | ||
Netincreaseinloansfromotherfinancialinstitutions | ||
Premiumsreceivedonoriginalinsurancecontracts | ||
Netproceedsfromreinsurance | ||
Netincreaseindepositsandinvestmentsofpolicyholders | ||
Interest,handlingchargesandcommissionsreceived | ||
Netincreaseininterbankloansobtained | ||
Netincreaseinproceedsfromrepurchasetransactions | ||
Netproceedsfromactingtradingofsecurities | ||
Taxrebates | 622,846,091.66 | 419,652,399.70 |
Cashgeneratedfromotheroperatingactivities | 1,597,087,027.13 | 2,016,982,305.72 |
Subtotalofcashgeneratedfromoperatingactivities | 33,467,042,610.14 | 51,951,723,686.75 |
Paymentsforcommoditiesandservices | 29,639,887,809.19 | 46,186,429,808.61 |
Netincreaseinloansandadvancestocustomers | ||
Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
Paymentsforclaimsonoriginalinsurancecontracts | ||
Netincreaseininterbankloansgranted | ||
Interest,handlingchargesandcommissionspaid | ||
Policydividendspaid | ||
Cashpaidtoandforemployees | 1,800,638,478.78 | 1,952,798,829.91 |
Taxespaid | 585,416,375.42 | 862,563,882.08 |
Cashusedinotheroperatingactivities | 1,969,402,988.58 | 2,141,174,772.04 |
Subtotalofcashusedinoperatingactivities | 33,995,345,651.97 | 51,142,967,292.64 |
Netcashgeneratedfrom/usedinoperatingactivities | -528,303,041.83 | 808,756,394.11 |
2.Cashflowsfrominvestingactivities: | ||
Proceedsfromdisinvestment | 875,506,214.56 | 711,179,541.54 |
KonkaGroupCo.,Ltd.AnnualReport2022
Returnoninvestment | 128,778,266.85 | 98,795,653.56 |
Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 9,239,243.90 | 235,061,583.74 |
Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | 297,094,350.04 | 2,569,725,512.90 |
Cashgeneratedfromotherinvestingactivities | 3,988,535,308.42 | 2,388,474,099.33 |
Subtotalofcashgeneratedfrominvestingactivities | 5,299,153,383.77 | 6,003,236,391.07 |
Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 3,613,087,559.62 | 6,639,941,735.82 |
Paymentsforinvestments | 877,816,559.18 | 841,389,150.64 |
Netincreaseinpledgedloansgranted | ||
Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 96,500,200.00 | |
Cashusedinotherinvestingactivities | 482,014,454.76 | 1,110,357,931.34 |
Subtotalofcashusedininvestingactivities | 4,972,918,573.56 | 8,688,189,017.80 |
Netcashgeneratedfrom/usedininvestingactivities | 326,234,810.21 | -2,684,952,626.73 |
3.Cashflowsfromfinancingactivities: | ||
Capitalcontributionsreceived | 87,895,628.12 | 149,069,787.60 |
Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 87,895,628.12 | 149,069,787.60 |
Borrowingsraised | 20,760,552,594.08 | 23,661,013,892.77 |
Cashgeneratedfromotherfinancingactivities | 525,285,976.82 | 1,019,124,723.01 |
Subtotalofcashgeneratedfromfinancingactivities | 21,373,734,199.02 | 24,829,208,403.38 |
Repaymentofborrowings | 19,821,101,947.09 | 19,372,566,049.47 |
Interestanddividendspaid | 1,025,755,719.07 | 963,157,376.97 |
Including:Dividendspaidbysubsidiariestonon-controllinginterests | 110,680,000.00 | 49,620,733.43 |
Cashusedinotherfinancingactivities | 859,164,470.60 | 928,627,586.95 |
Subtotalofcashusedinfinancingactivities | 21,706,022,136.76 | 21,264,351,013.39 |
Netcashgeneratedfrom/usedinfinancingactivities | -332,287,937.74 | 3,564,857,389.99 |
4.Effectofforeignexchangerateschangesoncashandcashequivalents | 27,920,961.23 | -18,370,051.58 |
5.Netincreaseincashandcashequivalents | -506,435,208.13 | 1,670,291,105.79 |
Add:Cashandcashequivalents,beginningoftheperiod | 5,968,347,219.03 | 4,298,056,113.24 |
6.Cashandcashequivalents,endoftheperiod | 5,461,912,010.90 | 5,968,347,219.03 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
Item | 2022 | 2021 |
1.Cashflowsfromoperatingactivities: | ||
Proceedsfromsaleofcommoditiesandrenderingofservices | 7,297,996,873.73 | 5,382,231,744.24 |
Taxrebates | 230,063,490.93 | 146,315,048.47 |
Cashgeneratedfromotheroperatingactivities | 372,486,582.46 | 354,644,830.80 |
Subtotalofcashgeneratedfromoperatingactivities | 7,900,546,947.12 | 5,883,191,623.51 |
Paymentsforcommoditiesandservices | 7,900,208,310.15 | 4,801,085,160.78 |
Cashpaidtoandforemployees | 312,957,158.05 | 305,846,589.21 |
Taxespaid | 44,490,340.42 | 17,618,283.94 |
Cashusedinotheroperatingactivities | 927,360,896.15 | 1,090,364,534.12 |
Subtotalofcashusedinoperatingactivities | 9,185,016,704.77 | 6,214,914,568.05 |
Netcashgeneratedfrom/usedinoperatingactivities | -1,284,469,757.65 | -331,722,944.54 |
2.Cashflowsfrominvestingactivities: | ||
Proceedsfromdisinvestment | 572,941,738.40 | 3,791,610,018.69 |
Returnoninvestment | 70,285,307.27 | 416,108,161.42 |
Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 66,770.14 | 250,499.51 |
KonkaGroupCo.,Ltd.AnnualReport2022
Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
Cashgeneratedfromotherinvestingactivities | 6,707,788,692.79 | 5,806,654,263.21 |
Subtotalofcashgeneratedfrominvestingactivities | 7,351,082,508.60 | 10,014,622,942.83 |
Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 219,097,737.67 | 193,906,338.75 |
Paymentsforinvestments | 896,121,280.49 | 516,428,500.00 |
Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
Cashusedinotherinvestingactivities | 6,311,902,161.21 | 8,187,892,613.35 |
Subtotalofcashusedininvestingactivities | 7,427,121,179.37 | 8,898,227,452.10 |
Netcashgeneratedfrom/usedininvestingactivities | -76,038,670.77 | 1,116,395,490.73 |
3.Cashflowsfromfinancingactivities: | ||
Capitalcontributionsreceived | ||
Borrowingsraised | 17,271,455,216.03 | 16,431,809,395.06 |
Cashgeneratedfromotherfinancingactivities | 15,043,752,843.76 | 12,359,266,361.42 |
Subtotalofcashgeneratedfromfinancingactivities | 32,315,208,059.79 | 28,791,075,756.48 |
Repaymentofborrowings | 15,948,765,699.19 | 15,084,306,762.28 |
Interestanddividendspaid | 814,951,365.94 | 782,072,702.29 |
Cashusedinotherfinancingactivities | 15,040,575,205.97 | 11,934,250,317.89 |
Subtotalofcashusedinfinancingactivities | 31,804,292,271.10 | 27,800,629,782.46 |
Netcashgeneratedfrom/usedinfinancingactivities | 510,915,788.69 | 990,445,974.02 |
4.Effectofforeignexchangerateschangesoncashandcashequivalents | 597,369.19 | -3,272,298.44 |
5.Netincreaseincashandcashequivalents | -848,995,270.54 | 1,771,846,221.77 |
Add:Cashandcashequivalents,beginningoftheperiod | 4,682,608,814.76 | 2,910,762,592.99 |
6.Cashandcashequivalents,endoftheperiod | 3,833,613,544.22 | 4,682,608,814.76 |
KonkaGroupCo.,Ltd.AnnualReport2022
7.ConsolidatedStatementsofChangesinOwners’Equity
2022
Unit:RMB
Item | 2022 | ||||||||||||||
EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
Preferredshares | Perpetualbonds | Other | |||||||||||||
1.Balanceasattheendoftheprioryear | 2,407,945,408.00 | 234,389,963.10 | -20,336,087.87 | 1,244,180,364.24 | 5,229,098,788.94 | 9,095,278,436.41 | 1,105,670,912.02 | 10,200,949,348.43 | |||||||
Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||||
Adjustmentforcorrectionofpreviouserror | |||||||||||||||
Adjustmentforbusinesscombinationundercommoncontrol | |||||||||||||||
Otheradjustments | |||||||||||||||
2.Balanceasatthebeginningoftheyear | 2,407,945,408.00 | 234,389,963.10 | -20,336,087.87 | 1,244,180,364.24 | 5,229,098,788.94 | 9,095,278,436.41 | 1,105,670,912.02 | 10,200,949,348.43 | |||||||
3.Increase/decreaseintheperiod(“-”fordecrease) | 130,857,397.95 | 6,070,906.24 | -1,591,807,018.61 | -1,454,878,714.42 | -284,697,672.09 | -1,739,576,386.51 | |||||||||
3.1Totalcomprehensiveincome | 6,070,906.24 | -1,471,409,748.21 | -1,465,338,841.97 | -297,155,286.12 | -1,762,494,128.09 | ||||||||||
3.2Capitalincreasedandreducedbyowners | 130,857,397.95 | 130,857,397.95 | 123,636,214.83 | 254,493,612.78 | |||||||||||
3.2.1Ordinarysharesincreasedbyowners | 87,895,628.12 | 87,895,628.12 | |||||||||||||
3.2.2Capitalincreasedbyholdersofotherequityinstruments | |||||||||||||||
3.2.3Share-basedpaymentsincludedinowners’equity | |||||||||||||||
3.2.4Other | 130,857,397.95 | 130,857,397.95 | 35,740,586.71 | 166,597,984.66 | |||||||||||
3.3Profitdistribution | -120,397,270.40 | -120,397,270.40 | -110,680,000.00 | -231,077,270.40 | |||||||||||
3.3.1Appropriationtosurplusreserves | |||||||||||||||
3.3.2Appropriationtogeneralreserve | |||||||||||||||
3.3.3Appropriationtoowners(orshareholders) | -120,397,270.40 | -120,397,270.40 | -110,680,000.00 | -231,077,270.40 | |||||||||||
3.3.4Other | |||||||||||||||
3.4Transferswithinowners’equity | |||||||||||||||
3.4.1Increaseincapital(orsharecapital)fromcapitalreserves |
KonkaGroupCo.,Ltd.AnnualReport2022
3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | |||||||||||||
3.4.3Lossoffsetbysurplusreserves | |||||||||||||
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | |||||||||||||
3.4.5Othercomprehensiveincometransferredtoretainedearnings | |||||||||||||
3.4.6Other | |||||||||||||
3.5Specificreserve | |||||||||||||
3.5.1Increaseintheperiod | |||||||||||||
3.5.2Usedintheperiod | |||||||||||||
3.6Other | -498,600.80 | -498,600.80 | |||||||||||
4.Balanceasattheendoftheperiod | 2,407,945,408.00 | 365,247,361.05 | -14,265,181.63 | 1,244,180,364.24 | 3,637,291,770.33 | 7,640,399,721.99 | 820,973,239.93 | 8,461,372,961.92 |
2021
Unit:RMB
Item | 2021 | ||||||||||||||
EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
Preferredshares | Perpetualbonds | Other | |||||||||||||
1.Balanceasattheendoftheprioryear | 2,407,945,408.00 | 230,185,310.09 | -16,583,042.42 | 1,211,721,109.67 | 4,595,371,391.63 | 8,428,640,176.97 | 2,292,254,947.67 | 10,720,895,124.64 | |||||||
Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||||
Adjustmentforcorrectionofpreviouserror | |||||||||||||||
Adjustmentforbusinesscombinationundercommoncontrol | |||||||||||||||
Otheradjustments | |||||||||||||||
2.Balanceasatthebeginningoftheyear | 2,407,945,408.00 | 230,185,310.09 | -16,583,042.42 | 1,211,721,109.67 | 4,595,371,391.63 | 8,428,640,176.97 | 2,292,254,947.67 | 10,720,895,124.64 | |||||||
3.Increase/decreaseintheperiod(“-”fordecrease) | 4,204,653.01 | -3,753,045.45 | 32,459,254.57 | 633,727,397.31 | 666,638,259.44 | -1,186,584,035.65 | -519,945,776.21 | ||||||||
3.1Totalcomprehensiveincome | -3,753,045.45 | 905,352,997.68 | 901,599,952.23 | -101,109,910.57 | 800,490,041.66 | ||||||||||
3.2Capitalincreasedandreducedbyowners | 4,204,653.01 | 4,204,653.01 | -1,015,079,437.90 | -1,010,874,784.89 | |||||||||||
3.2.1Ordinarysharesincreasedbyowners | 79,947,914.99 | 79,947,914.99 | |||||||||||||
3.2.2Capitalincreasedbyholdersofotherequityinstruments |
KonkaGroupCo.,Ltd.AnnualReport2022
3.2.3Share-basedpaymentsincludedinowners’equity | |||||||||||||
3.2.4Other | 4,204,653.01 | 4,204,653.01 | -1,095,027,352.89 | -1,090,822,699.88 | |||||||||
3.3Profitdistribution | 32,459,254.57 | -273,253,795.37 | -240,794,540.80 | -42,123,733.44 | -282,918,274.24 | ||||||||
3.3.1Appropriationtosurplusreserves | 32,459,254.57 | -32,459,254.57 | |||||||||||
3.3.2Appropriationtogeneralreserve | |||||||||||||
3.3.3Appropriationtoowners(orshareholders) | -240,794,540.80 | -240,794,540.80 | -42,123,733.44 | -282,918,274.24 | |||||||||
3.3.4Other | |||||||||||||
3.4Transferswithinowners’equity | -28,270,953.74 | -28,270,953.74 | |||||||||||
3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | |||||||||||||
3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | |||||||||||||
3.4.3Lossoffsetbysurplusreserves | |||||||||||||
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | |||||||||||||
3.4.5Othercomprehensiveincometransferredtoretainedearnings | |||||||||||||
3.4.6Other | -28,270,953.74 | -28,270,953.74 | |||||||||||
3.5Specificreserve | |||||||||||||
3.5.1Increaseintheperiod | |||||||||||||
3.5.2Usedintheperiod | |||||||||||||
3.6Other | 1,628,195.00 | 1,628,195.00 | 1,628,195.00 | ||||||||||
4.Balanceasattheendoftheperiod | 2,407,945,408.00 | 234,389,963.10 | -20,336,087.87 | 1,244,180,364.24 | 5,229,098,788.94 | 9,095,278,436.41 | 1,105,670,912.02 | 10,200,949,348.43 |
8.StatementsofChangesinOwners’EquityoftheCompanyastheParent
2022
Unit:RMB
Item | 2022 | |||||||||||
Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
Preferredshares | Perpetualbonds | Other | ||||||||||
1.Balanceasattheendoftheprioryear | 2,407,945,408.00 | 110,696,992.60 | -1,500,000.00 | 1,260,024,039.76 | 2,724,187,542.59 | 6,501,353,982.95 | ||||||
Add:Adjustmentforchangeinaccountingpolicy |
KonkaGroupCo.,Ltd.AnnualReport2022
Adjustmentforcorrectionofpreviouserror | ||||||||||
Otheradjustments | 23.10 | 23.10 | ||||||||
2.Balanceasatthebeginningoftheyear | 2,407,945,408.00 | 110,696,992.60 | -1,500,000.00 | 1,260,024,039.76 | 2,724,187,565.69 | 6,501,354,006.05 | ||||
3.Increase/decreaseintheperiod(“-”fordecrease) | 130,347,397.95 | -1,418,121,170.09 | -1,287,773,772.14 | |||||||
3.1Totalcomprehensiveincome | -1,297,723,899.69 | -1,297,723,899.69 | ||||||||
3.2Capitalincreasedandreducedbyowners | 130,347,397.95 | 130,347,397.95 | ||||||||
3.2.1Ordinarysharesincreasedbyowners | ||||||||||
3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||
3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||
3.2.4Other | 130,347,397.95 | 130,347,397.95 | ||||||||
3.3Profitdistribution | -120,397,270.40 | -120,397,270.40 | ||||||||
3.3.1Appropriationtosurplusreserves | ||||||||||
3.3.2Appropriationtoowners(orshareholders) | -120,397,270.40 | -120,397,270.40 | ||||||||
3.3.3Other | ||||||||||
3.4Transferswithinowners’equity | ||||||||||
3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||||
3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||||||
3.4.3Lossoffsetbysurplusreserves | ||||||||||
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||||
3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||||
3.4.6Other | ||||||||||
3.5Specificreserve | ||||||||||
3.5.1Increaseintheperiod | ||||||||||
3.5.2Usedintheperiod | ||||||||||
3.6Other | ||||||||||
4.Balanceasattheendoftheperiod | 2,407,945,408.00 | 241,044,390.55 | -1,500,000.00 | 1,260,024,039.76 | 1,306,066,395.60 | 5,213,580,233.91 |
2021
Unit:RMB
Item | 2021 | |||||||||||
Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
Preferredshares | Perpetualbonds | Other | ||||||||||
1.Balanceasattheendoftheprioryear | 2,407,945,408.00 | 112,570,352.72 | -2,682,217.31 | 1,227,564,785.19 | 2,352,385,005.09 | 6,097,783,333.69 | ||||||
Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
Adjustmentforcorrectionofpreviouserror | ||||||||||||
Otheradjustments | 320,463,787.20 | 320,463,787.20 |
KonkaGroupCo.,Ltd.AnnualReport2022
2.Balanceasatthebeginningoftheyear | 2,407,945,408.00 | 112,570,352.72 | -2,682,217.31 | 1,227,564,785.19 | 2,672,848,792.29 | 6,418,247,120.89 | ||||
3.Increase/decreaseintheperiod(“-”fordecrease) | -1,873,360.12 | 1,182,217.31 | 32,459,254.57 | 51,338,750.30 | 83,106,862.06 | |||||
3.1Totalcomprehensiveincome | 1,182,217.31 | 324,592,545.67 | 325,774,762.98 | |||||||
3.2Capitalincreasedandreducedbyowners | -1,873,360.12 | -1,873,360.12 | ||||||||
3.2.1Ordinarysharesincreasedbyowners | ||||||||||
3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||
3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||
3.2.4Other | -1,873,360.12 | -1,873,360.12 | ||||||||
3.3Profitdistribution | 32,459,254.57 | -273,253,795.37 | -240,794,540.80 | |||||||
3.3.1Appropriationtosurplusreserves | 32,459,254.57 | -32,459,254.57 | ||||||||
3.3.2Appropriationtoowners(orshareholders) | -240,794,540.80 | -240,794,540.80 | ||||||||
3.3.3Other | ||||||||||
3.4Transferswithinowners’equity | ||||||||||
3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||||
3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||||||
3.4.3Lossoffsetbysurplusreserves | ||||||||||
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||||
3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||||
3.4.6Other | ||||||||||
3.5Specificreserve | ||||||||||
3.5.1Increaseintheperiod | ||||||||||
3.5.2Usedintheperiod | ||||||||||
3.6Other | ||||||||||
4.Balanceasattheendoftheperiod | 2,407,945,408.00 | 110,696,992.60 | -1,500,000.00 | 1,260,024,039.76 | 2,724,187,542.59 | 6,501,353,982.95 |
I.CompanyProfile
1.EstablishmentKonkaGroupCo.,Ltd.(hereinafterreferredtoastheCompanyandthe“Group”whenincludingsubsidiaries),isajoint-stocklimitedcompanyreorganizedfromtheformerShenzhenKonkaElectronicCo.,Ltd.inAugust1991uponapprovalofthePeople’sGovernmentofShenzhenMunicipality,andhasitsordinaryshares(A-shareandB-share)listedonShenzhenStockExchangewithpriorconsentfromthePeople’sBankofChinaShenzhenSpecialEconomicZoneBranch.On29August1995,theCompanywasrenamedto“KonkaGroupCo.,Ltd.”(Credibilitycode:914403006188155783)withitsmainbusinesselectronicindustry.AndnowtheheadquarterslocatesinNo.28ofNo.12ofKejiSouthRd.,Science&TechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince.
2.SharecapitalAfterthedistributionofbonusshares,allotments,increasedsharecapitalandnewsharesissuedovertheyears,asof31December2022,theCompanyhasissuedatotalof2,407,945,408.00shares(denominationofRMB1pershare)witharegisteredcapitalofRMB2,407,945,408.00.
3.Thenatureofthecompany'sbusinessandmainoperatingactivitiesTheGroupwasmainlyengagedintheproductionandsalesofcolourTVs,whitegoods,etc.;aswellastheoperationofindustrytradebusiness,environmentalprotection,semi-conductor,etc.
4.ThefinancialstatementscontainedhereinhavebeenapprovedforissuebytheBoardofDirectorsoftheCompanyon24March2023.II.Consolidationscope
TheCompanyhasatotalof127subsidiariesincludedintheconsolidationscopeincludingShenzhenKonkaElectronicsTechnologyCo.,Ltd.,AnhuiKonkaElectronicCo.,Ltd.andDongguanKonkaElectronicCo.,Ltd.TheconsolidationscopeoftheCompanyfortheReportingPeriodincreasedby20entitiesincludingJiangxiKonkaHigh-techParkOperationandManagementCo.,Ltd.,ShangraoKonkaElectronicTechnologyInnovationCo.,Ltd.andKonkaPhotovoltaicTechnologyCo.,Ltd.duetoincorporationoracquisitionanddecreasedby13householdsincludingXi'anHuashengJiachengRealEstateCo.,Ltd.andHefeiKONSEMIStorageTechnologyCo.,Ltd.duetolosingcontrolorcancellationcomparedtothesameperiodoflastyear.Fordetails,pleaserefertoNote7“Changesintheconsolidationscope”andNote8"EquityinOtherEntities".
2.AchecklistofcorporatenamesandtheirabbreviationsmentionedinthisReport
No. | Corporatename | Abbreviation |
No. | Corporatename | Abbreviation |
1 | ShenzhenKonkaElectronicsTechnologyCo.,Ltd. | ElectronicsTechnology |
2 | AnhuiKonkaZhilianE-CommerceCo.,Ltd. | AnhuiZhilian |
3 | HaimenKonkaSmartTechnologyCo.,Ltd. | HaimenKonka |
4 | ChengduKonkaSmartTechnologyCo.,Ltd. | ChengduKonkaSmart |
5 | ChengduKonkaElectronicCo.,Ltd. | ChengduKonkaElectronic |
6 | NantongHongdinSmartTechnologyCo.,Ltd. | NantongHongdin |
7 | ShenzhenYouzhihuiTechnologyCo.,Ltd. | Youzhihui |
8 | XiaojiaTechnologyCo.,Ltd. | XiaojiaTechnology |
9 | LiaoyangKangshunSmartTechnologyCo.,Ltd. | LiaoyangKangshunSmart |
10 | LiaoyangKangshunRenewableResourcesCo.,Ltd. | LiaoyangKangshunRenewable |
11 | NanjingKonkaElectronicsCo.,Ltd. | NanjingKonka |
12 | ChuzhouKonkaPrecisionIntelligentManufacturingTechnologyCo.,Ltd. | ChuzhouKonka |
13 | Xi'anHuashengJiachengRealEstateCo.,Ltd. | Xi'anHuasheng |
14 | GuangDongXingDaHongYeElectronicCo.,Ltd. | XingDaHongYe |
15 | ShanghaiXinfengZhuoqunPCBCo.,Ltd. | ShanghaiXinfeng |
16 | ShenzhenKonkaCircuitCo.,Ltd. | KonkaCircuit |
17 | SuiningKonkaFlexibleElectronicTechnologyCo.,Ltd. | KonkaFlexibleElectronic |
18 | SuiningKonkaHongyeElectronicsCo.,Ltd. | KonkaHongyeElectronics |
19 | BoluoKonkaPrecisionTechnologyCo.,Ltd. | BoluoPrecision |
20 | BoluoKonkaPCBCo.,Ltd. | BoluoKonka |
21 | AnhuiKonkaTongchuangElectricalAppliancesCo.,Ltd. | AnhuiTongchuang |
22 | JiangsuKonkaSmartElectricalAppliancesCo.,Ltd. | JiangsuKonkaSmart |
23 | AnhuiKonkaElectricalApplianceTechnologyCo.,Ltd. | AnhuiElectricalAppliance |
24 | HenanFrestecRefrigerationApplianceCo.,Ltd. | FrestecRefrigeration |
25 | HenanFrestecElectricalAppliancesCo.,Ltd. | FrestecElectricalAppliances |
26 | HenanFrestecHouseholdAppliancesCo.,Ltd. | FrestecHouseholdAppliances |
27 | HenanFrestecSmartHomeTechnologyCo.,Ltd. | FrestecSmartHome |
No. | Corporatename | Abbreviation |
28 | ShenzhenKonkaInvestmentHoldingsCo.,Ltd. | KonkaInvestment |
29 | YibinKonkaTechnologyParkOperationCo.,Ltd. | YibinKonkaTechnologyPark |
30 | ShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd. | KonkaCapital |
31 | KonkaSuiyongInvestment(Shenzhen)Co.,Ltd. | KonkaSuiyong |
32 | ShenzhenKonkaShengxingIndustrialCo.,Ltd. | ShengxingIndustrial |
33 | ShenzhenKonkaZhitongTechnologyCo.,Ltd. | ZhitongTechnology |
34 | KonkaFactoring(Shenzhen)Co.,Ltd. | KonkaFactoring |
35 | BeijingKonkaElectronicCo.,Ltd. | BeijingKonkaElectronic |
36 | KonkaFinancialLeasing(Tianjin)Co.,Ltd. | KonkaLeasing |
37 | SuiningKonkaIndustrialParkDevelopmentCo.,Ltd. | SuiningKonkaIndustrialPark |
38 | SuiningKonkaElectronicTechnologicalInnovationCo.,Ltd. | SuiningElectronicTechnologicalInnovation |
39 | ShanghaiKonkaIndustrialCo.,Ltd. | ShanghaiKonka |
40 | YantaiKangjinTechnologyDevelopmentCo.,Ltd. | YantaiKangjin |
41 | ShenzhenKonkaMobileInterconnectionTechnologyCo.,Ltd. | MobileInterconnection |
42 | SichuanKonkaSmartTerminalTechnologyCo.,Ltd | SichuanKonka |
43 | YibinKonkaSmartTechnologyCo.,Ltd. | YibinSmart |
44 | ShenzhenKONSEMICo.,Ltd. | ShenzhenKONSEMI |
45 | ChongqingKonkaTechnologyDevelopmentCo.,Ltd. | ChongqingKonka |
46 | HefeiKONSEMIStorageTechnologyCo.,Ltd. | HefeiKONSEMI |
47 | HefeiYiheElectronicCo.,Ltd. | YiheElectronic |
48 | KowinMemoryTechnology(Shenzhen)Co.,Limited | KowinMemory(Shenzhen) |
49 | KowinMemoryTechnology(HongKong)Co.,Limited | KowinMemory(HongKong) |
50 | KonkaXinyunSemiconductorTechnology(Yancheng)Co.,Ltd. | KonkaXinyunSemiconductor |
51 | KonkaIndustrialandTradeTechnology(Shenzhen)Co., | IndustrialandTrade |
No. | Corporatename | Abbreviation |
Ltd. | Technology | |
52 | ShenzhenNianhuaEnterpriseManagementCo.,Ltd. | ShenzhenNianhua |
53 | KonkaHuazhong(Hunan)TechnologyCo.,Ltd. | KonkaHuazhong |
54 | ShenzhenWankaidaScienceandTechnologyCo.,Ltd. | Wankaida |
55 | ShenzhenKonkaChuangzhiElectricalAppliancesCo.,Ltd. | ShenzhenChuangzhiElectricalAppliances |
56 | SuiningJiarunPropertyCo.,Ltd. | SuiningJiarunProperty |
57 | AnhuiKonkaElectronicCo.,Ltd. | AnhuiKonka |
58 | AnhuiKangzhiTradeCo.,Ltd. | KangzhiTrade |
59 | ShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd. | TelecommunicationTechnology |
60 | KonkaMobilityCo.,Limited | KonkaMobility |
61 | DongguanKonkaElectronicCo.,Ltd. | DongguanKonka |
62 | SuiningKonkaSmartTechnologyCo.,Ltd. | SuiningKonkaSmart |
63 | ChongqingKonkaOptoelectronicTechnologyResearchInstituteCo.,Ltd. | ChongqingOptoelectronicTechnologyResearchInstitute |
64 | YibinKangrunEnvironmentalTechnologyCo.,Ltd. | YibinKangrun |
65 | YibinKangrunMedicalWasteCentralizedTreatmentCo.,Ltd. | YibinKangrunMedical |
66 | YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. | YibinKangrunEnvironmentalProtection |
67 | NingboKhrElectricApplianceCo.,Ltd. | NingboKhrElectricAppliance |
68 | JiangxiKonkaNewMaterialTechnologyCo.,Ltd. | JiangxiKonka |
69 | JiangxiHighTransparentSubstrateMaterialTechnologyCo.,Ltd. | JiangxiHighTransparentSubstrate |
70 | JiangsuKonkaSpecialMaterialTechnologyCo.,Ltd. | JiangsuKonkaSpecialMaterial |
71 | JiangxiXinfengMicrocrystallineJadeCo.,Ltd. | XinfengMicrocrystalline |
72 | KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd. | KonkaHuanjia |
No. | Corporatename | Abbreviation |
73 | KonkaHuanjia(Henan)EnvironmentalTechnologyCo.,Ltd. | KonkaHuanjia(Henan) |
74 | ShaanxiKonkaIntelligentApplianceCo.,Ltd. | ShaanxiKonkaIntelligent |
75 | ShenzhenKonkaPengrunTechnology&IndustryCo.,Ltd. | PengrunTechnology |
76 | JiaxinTechnologyCo.,Ltd. | JiaxinTechnology |
77 | KonkaRongheIndustrialTechnology(Zhejiang)Co.,Ltd. | KonkaRonghe |
78 | ChongqingKangxingruiEnvironmentalTechnologyCo.,Ltd. | ChongqingKangxingrui |
79 | ChongqingKangxingruiScrapedAutomobileRecyclingCo.,Ltd. | ChongqingKangxingruiAutomobileRecycling |
80 | ShenzhenKonkaUnifortuneTechnologyCo.,Ltd. | KonkaUnifortune |
81 | JialiInternational(HongKong)Limited | JialiInternational |
82 | SichuanKangjiatongTechnologyCo.,Ltd. | Kangjiatong |
83 | Kanghong(Yantai)EnvironmentalTechnologyCo.,Ltd. | Kanghong(Yantai)Environmental |
84 | Jiangkang(Shanghai)TechnologyCo.,Ltd. | Jiangkang(Shanghai)Technology |
85 | ShenzhenKonkaIntelligentManufacturingTechnologyCo.,Ltd. | KonkaIntelligentManufacturing |
86 | YantaiLaikangIndustrialDevelopmentCo.,Ltd. | YantaiLaikang |
87 | HainanKonkaMaterialTechnologyCo.,Ltd. | KonkaMaterial |
88 | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | KonkaVentures |
89 | YibinKonkaIncubatorManagementCo.,Ltd. | YibinKonkaIncubator |
90 | YantaiKonkaHealthcareEnterpriseServiceCo.,Ltd. | YantaiKonka |
91 | ChengduAnrenKonkaCulturalandCreativeIncubatorManagementCo.,Ltd. | ChengduAnren |
92 | GuiyangKonkaEnterpriseServiceCo.,Ltd. | KonkaEnterpriseService |
93 | ShenzhenKonkaEco-DevelopmentInvestmentCo.,Ltd. | KonkaEco-Development |
94 | Konka(Europe)Co.,Ltd. | KonkaEurope |
95 | HongKongKonkaLimited | HongKongKonka |
No. | Corporatename | Abbreviation |
96 | HongdinInternationalTradingLimited | HongdinTrading |
97 | KonkaNorthAmericaLLC | KonkaNorthAmerica |
98 | KanghaoTechnologyCo.,Ltd. | KanghaoTechnology |
99 | HongdinInvestDevelopmentLimited | HongdinInvest |
100 | ChainKingdomMemoryTechnologiesCo.,Limited | ChainKingdomMemoryTechnologies |
101 | ChainKingdomMemoryTechnologies(Shenzhen)Co.,Limited | ChainKingdomMemoryTechnologies(Shenzhen) |
102 | Hongjet(HongKong)CompanyLimited | Hongjet |
103 | Xi'anFeiheRealEstateDevelopmentCo.,Ltd. | Xi'anFeihe |
104 | ChongqingXinyuanSemiconductorCo.,Ltd. | ChongqingXinyuanSemiconductor |
105 | JiangxiKonkaIndustrialParkDevelopmentCo.Ltd. | JiangxiKonkaIndustrialPark |
106 | RuichangKangruiRealEstateCo.,Ltd. | RuichangKangruiRealEstate |
107 | KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. | IndustrialdevelopmentinWuhan |
108 | ShenzhenKangxiaojiaDigitalInformationTechnologyCo.,Ltd. | KangxiaojiaDigital |
109 | ShenzhenKanghongDongshengInvestmentPartnership(LimitedPartnership) | KanghongDongsheng |
110 | ShenzhenYijiakangSmartTerminalTechnologyCo.,Ltd. | YijiakangSmartTerminal |
111 | GuizhouKangkaiMaterialTechnologyCo.,Ltd. | GuizhouKangkaiMaterialTechnology |
112 | GuizhouKonkaNewMaterialTechnologyCo.,Ltd. | GuizhouKonkaNewMaterialTechnology |
113 | GuizhouKangguiEnergyCo.,Ltd. | GuizhouKangguiEnergy |
114 | GuangdongXinweiSemiconductorCo.,Ltd. | GuangdongXinwei |
115 | ChongqingKangxingruiRenewableResourcesCo.,Ltd. | KangxinrunRenewableResources |
116 | GuizhouKangguiMaterialTechnologyCo.,Ltd. | GuizhouKangguiMaterial |
No. | Corporatename | Abbreviation |
Technology | ||
117 | SichuanChengruiRealEstateCo.,Ltd. | SichuanChengrui |
118 | ChongqingJiarunRealEstateCo.,Ltd. | ChongqingJiarun |
119 | NantongKanghaiTechnologyIndustryDevelopmentCo.,Ltd. | NantongKanghai |
120 | ChongqingKangyiyunBusinessOperationManagementCo.,Ltd. | ChongqingKangyiyun |
121 | JiangxiKonkaHigh-techParkOperationandManagementCo.,Ltd. | JiangxiKonkaHigh-techPark |
122 | ShangraoKonkaElectronicTechnologyInnovationCo.,Ltd. | ShangraoKonkaElectronicTechnologyInnovation |
123 | GuizhouKonkaNewEnergyMaterialTechnologyCo.,Ltd. | GuizhouKonkaNewEnergy |
124 | ZhejiangKonkaElectronicTechnologyCo.,Ltd. | ZhejiangKonkaElectronic |
125 | ZhejiangKonkaTechnologyIndustryDevelopmentCo.,Ltd. | ZhejiangKonkaTechnologyIndustry |
126 | SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | SichuanHongxinchen |
127 | Xi'anKonkaIntelligentApplianceCo.,Ltd. | Xi'anKonkaIntelligent |
128 | Xi'anKonkaNetworkTechnologyCo.,Ltd. | Xi'anKonkaNetwork |
129 | Xi'anKanghongTechnologyIndustryDevelopmentCo.,Ltd. | Xi'anKanghongTechnologyIndustry |
130 | Xi'anKonkaIntelligentTechnologyDevelopmentCo.,Ltd. | Xi'anKonkaIntelligentTechnology |
131 | ChongqingFangbingRealEstateCo.,Ltd. | ChongqingFangbingRealEstate |
132 | ChongqingKonkaLowCarbonTechnologyCo.,Ltd. | ChongqingKonkaLowCarbon |
133 | ShenzhenKanghongXintongInvestmentPartnership(LimitedPartnership) | KanghongXintong |
134 | SongyangKonkaSmartIndustryOperationManagementCo.,Ltd. | SongyangIndustryOperation |
135 | ShenzhenKangyanTechnologyCo.,Ltd. | KangyanTechnology |
136 | KonkaPhotovoltaicTechnologyCo.,Ltd. | KonkaPhotovoltaicTechnology |
137 | SongyangKonkaIntelligentTechnologyDevelopmentCo.,Ltd. | SongyangKonkaIntelligent |
138 | KonkaNorthChina(Tianjin)TechnologyCo.,Ltd. | KonkaNorthChina |
139 | ZhongshanKanghongElectronicTechnologyCo.,Ltd. | ZhongshanKanghong |
140 | ShenzhenKonkaDigitalTechnologyDevelopmentCo., | DigitalTechnology |
No. | Corporatename | Abbreviation |
Ltd. |
III.BasisforthePreparationofFinancialStatements
1.BasicforthepreparationWiththegoing-concernassumptionasthebasisandbasedontransactionsandothereventsthatactuallyoccurred,theGrouppreparedfinancialstatementsinaccordancewiththeAccountingStandardsforBusinessEnterprisesissuedbytheMinistryofFinanceandotherregulationsaswellastheaccountingpoliciesandestimationsstipulatedintheNoteIV“SignificantAccountingPoliciesandEstimations”.
2.Going-concern
TheGrouphasarecenthistoryofprofitableoperationssupportedbyfinancialresourcesandconsidersitreasonabletopreparethefinancialstatementsonagoingconcernbasis.IV.ImportantAccountingPoliciesandEstimations
1.StatementofCompliancewiththeAccountingStandardsforBusinessEnterprisesThefinancialstatementspreparedbytheGroupareincompliancewithincompliancewiththeAccountingStandardsforBusinessEnterprises,whichfactuallyandcompletelypresenttheGroup’sfinancialpositions,businessresultsandcashflows,andotherrelevantinformation.
2.FiscalPeriodTheGroup’sfiscalyearstartsonJanuary1andendsonDecember31ofeveryyearaccordingtotheGregoriancalendar.
3.OperatingCycleThenormaloperatingcyclereferstotheperiodfromthepurchaseofassetsforprocessingtotherealizationofcashorcashequivalentsbytheGroup.AnoperatingcyclefortheGroupis12months,whichisalsotheclassificationcriterionfortheliquidityofitsassetsandliabilities.
4.RecordingCurrencyTheGroupadoptedRMBasthebookkeepingbasecurrency.
5.AccountingTreatmentMethodsforBusinessCombinationsundertheSameControlornotundertheSameControlAsthecombiningparty,theassetsandliabilitiesobtainedbytheGroupinabusinesscombinationunderthesamecontrolshallbemeasuredonthebasisoftheircarryingvalueinthefinalcontrollingpartyonthecombiningdate.Asforthebalancebetweenthecarryingvalueofthenet
assetsobtainedandthecarryingvalueoftheconsiderationpaidbyit,thecapitalreserveshallbeadjusted.Ifthecapitalreserveisnotsufficienttobeoffset,theretainedearningsshallbeadjusted.Theidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquireeacquiredinthebusinesscombinationunderdifferentcontrolshallbemeasuredatfairvalueontheacquisitiondate.Themergercostisthesumofthefairvalueofcashornon-cashassets,liabilitiesissuedorassumed,equitysecuritiesissued,etc.paidbytheGrouponthepurchasedatetogaincontroloverthepurchasedpartyandalldirectlyrelatedexpensesincurredinthebusinesscombination(Themergecostofbusinesscombinationrealizedstepbystepthroughmultipletransactionsisthesumofeverysingletransaction’scost).Thebalancethatthecombinedcostgreaterthanthefairvalueshareoftheidentifiablenetassetsofthepurchasedpartyobtainedinthecombinationshallberecognizedasgoodwill;Whenthemergercostislessthanthefairvalueshareoftheidentifiablenetassetsoftheacquireeacquiredinthemerger,thefairvalueofallidentifiableassets,liabilitiesandcontingentliabilitiesacquiredinthemerger,andnon-cashassetsofthemergerconsiderationorequitysecuritiesissued,etc.shallbereviewedfirst.Afterreview,ifthemergercostisstilllessthanthefairvalueshareoftheidentifiablenetassetsoftheacquireeacquiredinthemerger,thedifferenceshallbeincludedinthenon-operatingincomeofthemergerperiod.
6.MethodsforPreparingConsolidatedFinancialStatementsThescopeofconsolidationincludesallcontrolledsubsidiariesandstructuralentities.ThefinancialstatementsofsubsidiariesareadjustedinaccordancewiththeaccountingpoliciesandaccountingperiodoftheGroupduringthepreparationoftheconsolidatedfinancialstatements,wheretheaccountingpoliciesandtheaccountingperiodsareinconsistentbetweentheGroupandsubsidiaries.Allsignificantinternaltransactions,currentbalancesandunrealizedprofitswithinthescopeofconsolidationshallbeoffsetwhenpreparingtheconsolidatedstatement.Thesharesofthesubsidiary'sowner'sequitythatdonotbelongtotheparentGroupandthesharesofminorityshareholders'equityincurrentnetprofitandloss,othercomprehensiveincomeandtotalcomprehensiveincomeshallberespectivelylistedintheconsolidatedfinancialstatement"Minorityshareholders'equity,minorityshareholders'profitandloss,othercomprehensiveincomethatbelongstominorityshareholdersandtotalcomprehensiveincomethatbelongstominorityshareholders".Forsubsidiariesacquiredthroughmergerofenterprisesunderthesamecontrol,theiroperatingresultsandcashflowsareincludedintheconsolidatedfinancialstatementsfromthebeginningofthecurrentmergerperiod.Whenpreparingthecomparativeconsolidatedfinancialstatements,therelevantitemsinthefinancialstatementsofthepreviousyearshallbeadjustedasiftheconsolidatedreportingentityhadexistedsincethefinalcontrollingpartybegantocontrolit.ThetreatmentmethodofsupplementarydisclosureinconsolidatedfinancialstatementfortheReportingPeriodwhenthecontrollingrightisacquired,iftheequityoftheinvestedorganization
underthesamecontrolissuccessivelyobtainedthroughseveraltransactionsandeventuallytheenterprisemergerisconducted.Forexample:Attheoccasionoftheequityoftheinvesteeunderthesamecontrolisacquiredstepbystepthroughmultipletransactions,andfinallyformthebusinesscombination,whenpreparingtheconsolidatedstatement,itshallbedeemedastheadjustmentismadeinthecurrentstatewhenthefinalcontrollingpartystartstocontrol.Andwhencompilingthecomparativereport,theassetsandliabilitiesofthemergedpartyshallbemergedintothecomparativestatementoftheconsolidatedfinancialstatementsoftheconsolidatedGroupwithoutanyearlierthanthetimewhentheGroupandthemergedpartyareunderthecontroloftheultimatecontrollingparty,andthecombinednetincreasedassetsshallbeadjustedtotherelevantitemsunderowners'equityinthecomparativestatements.Inordertoavoidthere-calculationofthenetassetsvalueofthemergedparty,thelong-termequityinvestmentheldbytheGroupbeforethemerger,theconfirmedrelevantprofitandlossonthesamepartywiththeGroupandthemergedpartyonthedateofacquisitionoftheoriginalequityfromthefinalcontroldatetothemergerdate,andchangesofothercomprehensiveincomeandothernetassetsshalloffsetthebeginningretainedearningsandcurrentprofitsandlossesofthecomparativestatementperiodrespectively.Forsubsidiariesacquiredthroughbusinesscombinationunderthedifferentcontrol,theoperatingresultsandcashflowshallbeincludedintheconsolidatedfinancialstatementsfromthedatewhentheGroupobtainsthecontrolright.Whenpreparingtheconsolidatedfinancialstatements,thefinancialstatementsofthesubsidiariesshallbeadjustedonthebasisofthefairvalueoftheidentifiableassets,liabilitiesandcontingentliabilitiesdeterminedontheacquisitiondate.ThetreatmentmethodofsupplementarydisclosureinconsolidatedfinancialstatementfortheReportingPeriodwhenthecontrollingrightisacquired,iftheequityoftheinvestedorganizationnotunderthesamecontrolissuccessivelyobtainedthroughseveraltransactionsandeventuallytheenterprisemergerisconducted.Forexample:Attheoccasionoftheequityoftheinvesteeunderdifferentcontrolisacquiredstepbystepthroughmultipletransactionsandeventuallyformthebusinesscombination,whenpreparingtheconsolidatedstatement,theequityoftheinvesteeheldbeforethepurchasedateisre-measuredaccordingtothefairvalueoftheequityonthepurchasedate,andthedifferencebetweenthefairvalueanditsbookvalueisincludedinthecurrentinvestmentincome.Theequityoftheacquireeheldbeforetherelevantpurchasedateinvolvesothercomprehensiveincomeundertheequitymethodandotherchangesinowner'sequityotherthannetprofitandloss,othercomprehensiveincomeandprofitdistribution,whichareconvertedintoinvestmentprofitandlossinthecurrentperiodofthepurchasedate,exceptforothercomprehensiveincomearisingfromtheremeasurementofdefinedbenefitplans'snetliabilitiesorchangesinnetassetsbytheinvestee.TheGrouppartiallydisposesoflong-termequityinvestmentsinsubsidiarieswithoutlosingcontrol,whenpreparingtheconsolidatedfinancialstatements,thedifferencebetweenthedisposalpriceandtheshareofnetassetsthatthesubsidiarieshavecontinuouslycalculatedsincethedate
ofpurchaseorthedateofconsolidationiscorrespondingtothedisposaloflong-termequityinvestments.Thecapitalpremiumorequitypremiumisadjusted.Ifthecapitalreserveisinsufficienttooffset,theretainedearningsareadjusted.IftheGrouplosescontrolovertheinvesteeduetothedisposalofsomeequityinvestmentsandotherreasons,theremainingequityshallbere-measuredatitsfairvalueonthedateoflossofcontrolwhenpreparingtheconsolidatedfinancialstatements.Thedifferencebetweenthesumoftheconsiderationobtainedfromthedisposalofequityandthefairvalueoftheremainingequity,minustheshareofthenetassetsoftheoriginalsubsidiarycalculatedonthebasisoftheoriginalshareholdingratioandcontinuouslycalculatedfromthedateofpurchaseormerger,isincludedintheinvestmentprofitandlossofthecurrentperiodwhenthecontrolrightislost,andgoodwillisoffset.Othercomprehensiveincomerelatedtotheoriginalsubsidiary'sequityinvestment,etc.,willbetransferredtothecurrentinvestmentprofitandlosswhenthecontrolrightislost.IftheGroupdisposesoftheequityinvestmentinasubsidiaryGroupstepbystepthroughmultipletransactionsuntilthelossofcontrolright,ifthetransactionsofthedisposaloftheequityinvestmentinasubsidiaryGroupuntilthelossofcontrolrightbelongtoapackagetransaction,thetransactionsshallbetreatedastransactionsofthedisposalofthesubsidiaryGroupandthelossofcontrolrightforaccounting.However,thedifferencebetweenthedisposalpriceandtheshareofthesubsidiary'snetassetscorrespondingtothedisposalinvestmentbeforethelossofcontrolrightisrecognizedasothercomprehensiveincomeintheconsolidatedfinancialstatements,andistransferredtotheinvestmentprofitandlossofthecurrentperiodwhenthecontrolrightislost.
7.ClassificationofJointArrangementsandAccountingTreatmentofJointOperationsTheGroupclassifiesjointarrangementsintojointoperationsandjointventures.Forajointoperation,theGroup,asajointoperator,recognizestheassetsandliabilitiesthatitholdsandbearsinthejointoperation,andrecognizesthejointly-heldassetsandjointly-borneliabilitiesaccordingtotheGroup’sstakeinthejointoperation;recognizesrelevantincomeandexpenseaccordingtotheGroup’sstakeinthejointoperation.WhentheGrouppurchasesorsellstheassetsnotconstitutingbusinesswiththejointoperation,theGrouponlyrecognizedtheshareoftheotherjointoperatorsinthegainsandlossesarisingfromthetransaction.
8.CashandCashEquivalentsIntheGroup’sunderstanding,thecashinthecashflowstatementincludescashonhandanddepositsthatcanbeusedforcover,thecashequivalentsinthecashflowstatementincludehighcirculatinginvestmentsheldwithinthreemonthswhichareeasilyconvertibleintoknownamountofcashandwhoserisksinchangeofvalueareminimal.
9.ForeignCurrencyBusinessesandTranslationofForeignCurrencyFinancialStatements
(1)ForeigncurrencytransactionAsforforeigncurrencytransaction,theGroupconvertedtheforeigncurrencyamountintoRMBamountattheexchangerateatthebeginningofthemonthoftransactionoccurrencedate(normallyreferredtoasthecentralparityrateofforeignexchangerateonthesamedaypublishedbythePeople’sBankofChina,thesamebelow).Onthebalancesheetdate,themonetaryitemsinforeigncurrencywereconvertedintoRMBatthespotexchangerateonbalancesheetdate.Excepttheexchangedifferencearisingfromspecialforeign-currencyborrowingforthepurposeofconstructionorproductionofassetsmeetingcapitalizationconditionstreatedintheprincipleofcapitalization,theconversiondifferencewasdirectlyincludedinthecurrentprofitsandlosses.
(2)TranslationofforeigncurrencyfinancialstatementTheassetandliabilityitemsinforeigncurrencybalancesheetwereconvertedatthespotexchangerateonbalancesheetdate;exceptfor“undistributedprofit”,owner’sequityitemswereconvertedatthesportexchangerateatthetimeofbusinessoccurrence;incomeandexpenditureitemsinincomestatementwereconvertedattheaverageexchangeratefortheperiod(monthlyaverageexchangerate)ofthetransactionoccurrencedate.Theconversiondifferenceofforeigncurrencystatementsarisingfromtheaforementionedconversionwaspresentedinothercomprehensiveincomeitem.Theforeigncurrencycashflowwasconvertedattheaverageexchangeratefortheperiod(monthlyaverageexchangerate)ofthecashflowoccurrencedate.Theamountofexchangeratechangeinfluenceoncashwasindependentlypresentedincashflowstatement.
10.FinancialAssetsandFinancialLiabilitiesTheGrouprecognizesafinancialassetorliabilitywhenitbecomesapartyoftherelevantfinancialinstrumentcontract.
(1)Financialassets
1)Classification,recognitionandmeasurementoffinancialassetsTheGroupclassifiesthefinancialassetsintofinancialassetsmeasuredatamortizedcost,financialassetsmeasuredbythefairvalueandthechangesrecordedinothercomprehensiveincomeandfinancialassetsatfairvaluethroughprofitorlossbasedonthebusinessmodelforfinancialassetsmanagementandcharacteristicsofcontractualcashflowoffinancialassets.TheGroupclassifiedthefinancialassetsmeetingthefollowingconditionsatthesametimeasfinancialassetsatamortizedcost:①ThebusinessmodeoftheGrouptomanagethefinancialassetstargetsatcollectingthecontractualcashflow.②Thecontractofthefinancialassetsstipulatesthatthecashflowgeneratedinthespecificdateisthepaymentoftheinterestbasedontheprincipalandoutstandingprincipalamount.Thesefinancialassetsinitiallymeasuredatfairvalueandrelevanttransactioncostshallbeincludedintotheinitialrecognizedamountandsubsequentlymeasuredatamortizedcost.Exceptforthosedesignatedtobehedgeitems,thedifferencebetweentheinitialrecognizedamountandtheamountdueshallbeamortizedatactual
interestrateandtheiramortization,impairmentandexchangegainandlossaswellasgainsorlossesarisingfromderecognitionshallberecordedintothecurrentprofitorloss.TheGroupclassifiedthefinancialassetsmeetingthefollowingconditionsatthesametimeasfinancialassetsatfairvaluethroughothercomprehensiveincome:①TheBusinessmodeformanagingfinancialassetsoftheGrouptakescontractcashflowcollectedastargetandsellingastarget.②Thecontractofthefinancialassetsstipulatesthatthecashflowgeneratedinthespecificdateisthepaymentoftheinterestbasedontheprincipalandoutstandingprincipalamount.Thesefinancialassetsinitiallymeasuredatfairvalueandrelevanttransactioncostshallbeincludedintotheinitialrecognizedamount.Exceptforthosedesignatedashedgeditems,asforthesefinancialassets,exceptforgainsorlossesoncreditimpairment,exchangegainandlossandinterestoffinancialassetsmeasuredatactualinterestrate,othergainsorlossesgeneratedshallberecordedintoothercomprehensiveincome.Whenderecognized,theaccumulatedgainsandlossesoriginallyrecordedintoothercomprehensiveincomeshallbetransferredoutintothecurrentprofitorloss.TheGrouprecognizesinterestincomeaccordingtotheeffectiveinterestratemethod.Interestincomeiscalculatedanddeterminedaccordingtothebookbalanceofthefinancialassetmultipliedbytheactualinterestrate,exceptforthefollowingcircumstances:①Forthefinancialassetwithcreditimpairmentthathasbeenpurchasedororiginated,fromtheinitialrecognition,theinterestincomeiscalculatedanddeterminedaccordingtotheamortizedcostofthefinancialassetandtheactualinterestrateadjustedbycredit.②Forfinancialassetspurchasedororiginatedthathavenotsufferedcreditimpairmentbuthavesufferedcreditimpairmentinsubsequentperiods,theinterestincomeshallbecalculatedanddeterminedaccordingtotheamortizedcostandactualinterestrateofthefinancialassetsinsubsequentperiods.TheGroupdesignatesnon-transactionalinvestmentinequityinstrumentsasfinancialassetsatfairvaluethroughothercomprehensiveincome.Thosedesignatednon-transactionalinvestmentinequityinstrumentsbytheGroupisinitiallymeasuredatfairvalueandrelevanttransactioncostshallberecordedintotheinitialrecognizedamount.Exceptfordividends(excludingthosebelongingtorecoveryofinvestmentcost)whichshallberecordedintothecurrentprofitorloss,otherrelevantgainsandlosses(includingexchangegainsandlosses)shallberecordedintoothercomprehensiveincomeandcannotbetransferredintothecurrentprofitorlosssubsequently.Whenderecognized,theaccumulatedgainsorlossesoriginallyrecordedintoothercomprehensiveincomeshallbetransferredoutintoretainedearnings.Equityinstrumentinvestmentsmeasuredatfairvaluethroughothercomprehensiveincomeincluded:EquityinvestmentstobeheldinthelongtermasplannedbytheGroupforstrategicpurpose,withnocontrol,jointcontrolorsignificanceinfluence,andwithnoactivemarketquotation.TheGroupclassifiesfinancialassetsnotbelongingtoabovetwoasfinancialassetsatfairvaluethroughprofitorlosswhichshallbeinitiallymeasuredatfairvalueandrelevanttransactioncostshallbedirectlyrecordedintothecurrentprofitorloss.Gainsorlossesarisingfromthese
financialassetsshallberecordedintothecurrentprofitorloss.ThecontingentconsiderationrecognizedbytheGroupinthebusinesscombinationnotunderthesamecontrolwhichconstitutesafinancialassetshallbeclassifiedasthefinancialassetatfairvaluethroughprofitorloss.
2)RecognitionandmeasurementoffinancialassetstransferTheGroupderecognizesafinancialassetwhenoneofthefollowingconditionsismet:
①therightstoreceivecashflowsfromtheassethaveexpired;②theenterprisehastransferreditsrightstoreceivecashflowsfromtheassettoathirdpartyunderapass-througharrangement;or③theenterprisehastransferreditsrightstoreceivecashflowsfromtheassetandeither(a)hastransferredsubstantiallyalltherisksandrewardsoftheasset,or(b)hasneithertransferrednorretainedsubstantiallyalltherisksandrewardsoftheasset,buthastransferredcontroloftheasset.Iftheoveralltransferoffinancialassetsfulfillstherequirementsforderecognition,thedifferencebetweenthebookvalueofthetransferredfinancialassetsandthesumoftheconsiderationreceivedduetothetransferandthecorrespondingderecognitionpartoftheaccumulatedamountoffairvaluechangesoriginallydirectlyincludedinothercomprehensiveincome(thecontracttermsinvolvingthetransferredfinancialassetsstipulatethatthecashflowgeneratedonaspecificdateisonlythepaymentoftheprincipalandinterestbasedontheunpaidprincipalamount)shallbeincludedinthecurrentprofitsandlosses.Ifthepartialtransferoffinancialassetssatisfiestheconditionsforterminationconfirmation,theentirebookvalueofthetransferredfinancialassetswillbeapportionedbetweentheterminationconfirmationportionandthenon-terminationconfirmationportionaccordingtotheirrelativefairvalues,andtheconsiderationreceivedforthetransferAndtheamountcorrespondingtotheterminationoftherecognitionofthecumulativeamountofchangesinfairvalueoriginallyincludedinothercomprehensiveincomethatshouldbeapportionedtothederecognitionpartAndthepaymentofinterestbasedontheoutstandingprincipalamount),andthedifferencebetweenthetotalbookvalueoftheaforesaidfinancialassetsallocatedisincludedinthecurrentprofitandloss.
(2)Financialliabilities
1)Classification,recognitionandmeasurementoffinancialliabilitiesTheGroup’sfinancialliabilitiesare,oninitialrecognition,classifiedintofinancialliabilitiesatfairvaluethroughprofitorlossandotherfinancialliabilities.Financialliabilitiesatfairvaluethroughprofitorlossincludeheld-for-tradingfinancialliabilitiesandfinancialliabilitiesdesignatedattheinitialrecognitiontobemeasuredbythefairvalueandtheirchangesarerecordedinthecurrentprofitorloss.Thesubsequentmeasurementshallbeatfairvalueandgainsorlossesarisingfromchangesinfairvalueandthedividendsandinterestexpenserelatedtothefinancialliabilityshallbethecurrentprofitorloss.Otherfinancialliabilitiesshallbesubsequentlymeasuredatamortizedcostwithactualinterest
rate.TheGroupclassifiesfinancialliabilitiesexceptforthefollowingitemsasfinancialliabilitiesatamortizedcost:①Financialliabilitiesatfairvaluethroughprofitorlossincludingheld-for-tradingfinancialliabilities(includingthederivativeinstrumentsbelongingtofinancialliabilities)anddesignatedfinancialliabilitiesatfairvaluethroughprofitorloss.②Financialliabilitiesarisingfromthetransferoffinancialassetsnotmeetingthederecognitionconditionsorcontinuousinvolvementinthetransferredfinancialassets.③Financialguaranteecontractnotbelongingtocasesofabove①or②andloancommitmentsatinterestratelowerthanthemarketratenotbelongingtothecasein①.TheGrouptreatsthefinancialliabilityarisingfromcontingentconsiderationrecognizedasthepurchasepartyinthebusinesscombinationnotunderthesamecontrolatfairvalueandchangesthereofshallberecordedintothecurrentprofitorloss.
2)DerecognitionoffinancialliabilitiesIncaseofcurrentobligationoffinancialliabilities(orpartialfinancialliabilities)beingterminated,derecognitionofsuchfinancialliabilities(orpartialfinancialliabilities)isconductedbytheGroup.IftheGroup(borrower)concludesanagreementwiththelendertoreplaceexistingfinancialliabilitieswithnewonesandcontacttermsofnewfinancialliabilitiesaredifferentfromthoseofexistingfinancialliabilities,derecognitionofexistingfinancialliabilitiesandrecognitionofnewfinancialliabilitiesshallbeconducted.Incaseofmaterialalterationofcontracttermsofexistingfinancialliabilities(partialfinancialliabilities)bytheGroup,derecognitionofexistingfinancialliabilitiesandrecognitionofnewfinancialliabilitiesaspermodifiedtermsshallbeconducted.Incaseofderecognitionoffinancialliabilities(partialfinancialliabilities),theGroupincludesthebalancebetweenitscarryingvalueandpaymentconsiderationintothecurrentprofitorloss.
(3)Determinationoffinancialassetsandliabilities’fairvalueTheGroupmeasuredthefairvalueoffinancialassetsandfinancialliabilitiesaccordingtothepriceatmajormarket.Ifmajormarketdoesnotexist,thefairvalueoffinancialassetsandfinancialliabilitieswasmeasuredaccordingtothepriceatthemostadvantageousmarketthroughapplyingvaluationtechniqueapplicableatthetimeandwithsufficientusabledataandotherinformationsupport.Theinputsforfairvaluemeasurementwereclassifiedintothreelevels.Level1istheunadjustedquotationofthesameassetsorliabilitiesonactivemarketavailableonthemeasurementdate.Level2istheinputofrelevantassetsorliabilitiesotherthanthatinlevel1thatareobservableeitherdirectlyorindirectly.Level3istheunobservableinputofrelevantassetsorliabilities.TheGrouppreferredlevel1input,andappliedlevel3inputatlast.Level1inputwasapplicableforlistedstockandbondheldbytheGroup,level2inputforfinancingofaccountsreceivable(mainlybankacceptancebillandtradeacceptancebillmeetingderecognitionrequirementsaftertransfer),andlevel3inputforothernon-currentfinancialassets(unlistedequityinvestmentheldbytheGroup)andheld-for-tradingfinancialassets(mainlyfinancialproductsheldbytheGroup).Thelevelattributedtothefairvaluemeasurementresultwas
determinedaccordingtothelowestleveloftheinputwithmuchsignificancetofairvaluemeasurementingeneral.TheGroupmeasuredtheinvestmentofequityinstrumentsatfairvalue.However,underlimitedsituation,iftherecentinformationfordeterminingthefairvaluewasinsufficient,orthepotentialestimatedamountoffairvaluewasinwiderange,andthecostrepresentedtheoptimalestimationoffairvalueinsuchrange,suchcostcouldrepresentappropriateestimationoffairvalueinsuchrange.Suchequityinstrumentinvestmentsincluded:EquityinvestmentsheldbytheGroupmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosseswithnocontrol,jointcontrolorsignificanceinfluence;non-tradingequityinstrumentinvestmentsweredesignatedasfinancialassetsmeasuredatfairvaluethroughothercomprehensiveincome.
(4)OffsettingfinancialassetsandfinancialliabilitiesTheGroup’sfinancialassetsandliabilitiesshallbeseparatelypresentedinthebalancesheetandnotsetoffeachother.Butwhenmeetingthefollowingconditionsatthesametime,thenetamountafteroffsetshallbepresentedinthebalancesheet:(1)TheGrouphasthestatutoryrighttosetoffrecognizedamountwhichiscurrentlyexecutable;(2)TheGroupplanstosettlewiththenetamountorrealizethefinancialassetandpayoffthefinancialliabilitysimultaneously.
(5)ThedistinctionbetweenfinancialliabilitiesandequityinstrumentsandrelatedtreatmentmethodsTheGroupdistinguishesthefinancialliabilitiesandequityinstrumentsaccordingtothefollowingprinciples:(1)IftheGroupcannotunconditionallyavoidperformingacontractualobligationbydeliveringcashorotherfinancialassets,thecontractualobligationmeetsthedefinitionoffinancialliabilities.Althoughsomefinancialinstrumentsdonotexplicitlyincludethetermsandconditionsoftheobligationtodelivercashorotherfinancialassets,theymayindirectlyformcontractualobligationsthroughothertermsandconditions.(2)IfafinancialinstrumentmustbesettledwithorcanbesettledwiththeGroup'sownequityinstrument,itisnecessarytoconsiderwhethertheGroup'sownequityinstrumentusedtosettletheinstrumentisusedasasubstituteforcashorotherfinancialassets,ortoenabletheholderoftheinstrumenttoenjoytheresidualequityintheassetsoftheissuerafterdeductingallliabilities.Ifitbelongstotheformercondition,theinstrumentisthefinancialliabilityoftheissuer;ifitbelongstothelattercondition,theinstrumentistheequityinstrumentoftheissuer.Insomecases,afinancialinstrumentcontractrequirestheGrouptouseoruseitsownequityinstrumenttosettlethefinancialinstrument,inwhichtheamountofcontractualrightsorcontractualobligationsisequaltothenumberofitsownequityinstrumentsavailableortobedeliveredmultipliedbyitsfairvalueatthetimeofsettlement,regardlessofwhethertheamountofcontractualrightsorobligationsisfixed,whetheritisentirelyorpartiallybasedonchangesinvariablesotherthanthemarketpriceoftheGroup'sownequityinstruments,thecontractshallbeclassifiedasafinancialliability.Inclassifyingfinancialinstruments(ortheircomponents)intheconsolidatedstatement,theGrouphastakenintoaccountalltermsandconditionsreachedbetweentheGroupmembersand
theholdersoffinancialinstruments.IftheGroupasawholeundertakestheobligationtodelivercash,otherfinancialassetsorsettleaccountsinotherwaysthatcausetheinstrumenttobecomeafinancialliabilityduetotheinstrument,theinstrumentshallbeclassifiedasafinancialliability.Iffinancialinstrumentsortheircomponentsarefinancialliabilities,theGroupwillincludeinterest,dividends(ordividends),gainsorlosses,andgainsorlossesarisingfromredemptionorrefinancing,etc.inthecurrentprofitsandlosses.Iffinancialinstrumentsortheircomponentsareequityinstruments,whentheyareissued(includingrefinancing),repurchased,soldorcancelled,theGroupwilltreatthemaschangesinequityandwillnotrecognizechangesinthefairvalueofequityinstruments.
11.ImpairmentofFinancialAssetsTheGroupneedstoconfirmthatthefinancialassetssubjecttotheimpairmentlossarethefinancialassetsmeasuredbasedontheamortizedcost,thedebtinstrumentinvestmentmeasuredbasedonthefairvaluewithitsvariationsincludedintoothercomprehensiveincomesandtheleaseoutlayreceivable,mainlyincludingnotesreceivable,accountreceivable,otherreceivables,investmentoncreditor’srights,otherinvestmentsoncreditor’srightsandlong-termreceivablesetc.Besides,inrespectofthecontractassetsandpartialfinancialguaranteecontract,correspondingimpairmentprovisionsshallbecalculatedandwithdrawnandcorrespondingcreditimpairmentlossesrecognizedaccordingtovariousaccountingpoliciesmentionedinthispart.
(1)MethodsfortheRecognitionofImpairmentProvisionsForallmentioneditemsabove,theGroupshallcalculateandwithdrawcorrespondingimpairmentprovisionsandrecognizecorrespondingcreditimpairmentlossesaccordingtoapplicableexpectedcreditlossmeasurementmethods(generalmethodsorsimplifiedmethods)withtheexpectedcreditlossasthebasis.Creditlossreferstothedifferencebetweenallreceivablecontractcashflowsandallexpectedcashflowsthatarediscountedtothepresentvaluebasedontheoriginalactualinterestrate--thepresentvalueofallcashshortfall.However,forthepurchasedororiginalfinancialassetssubjecttothecreditimpairment,theGroupshallrealizethediscountingbasedontheactualinterestratesubjecttothecreditadjustment.Generalmethodsappliedtomeasuretheexpectedcreditlosscanbedescribedas:theGroupshallevaluatewhetherthecreditriskofthefinancialassets(includingthecontractassetsandotherapplicableitems;thesamebelow)increasesremarkablyaftertheinitialrecognitiononthebalancesheetday;ifthecreditriskincreasesremarkablyaftertheinitialrecognition,theGroupshallmeasuretheprovisionforlossbasedonthespecificexpectedcreditlossamountduringtheentireperiodofexistence;ifnot,theGroupshallmeasuretheprovisionforlossbasedonthespecificexpectedcreditlossamountinthefollowing12months.Whileevaluatingtheexpectedcreditloss,theGroupshalltakeallreasonableandwell-foundedinformationintoconsideration,includingtheforward-lookinginformation.
Forthefinancialinstrumentoflowercreditriskonthebalancesheetday,theGroupshallassumethatitscreditriskdoesnotincreaseremarkablyaftertheinitialrecognition,andcorrespondingprovisionforlossshallbemeasuredaccordingtotheexpectedcreditlossinthefollowing12months.
(2)StandardsforJudgingWhethertheCreditRiskIncreasesRemarkablyaftertheInitialRecognitionIfanyfinancialassets’probabilityofdefaultwithintheexpectedperiodofexistencedeterminedonthebalancesheetdayisobviouslyhigherthanthatwithintheexpectedperiodofexistencedeterminedduringtheinitialrecognition,itshallindicatetheremarkableincreaseofthefinancialassets’creditrisk.Unlessitisunderspecialcircumstances,theGroupshalladoptvariousvariationsinthedefaultriskinthefollowing12monthsasthereasonablebasisforestimatingcorrespondingvariationsinthedefaultriskwithintheentireperiodofexistenceanddeterminingwhetherthecreditriskincreasesremarkablyaftertheinitialrecognition.
(3)CombinedMethodforEvaluatingtheExpectedCreditRiskbasedonCorrespondingCombinationForthefinancialassetswithremarkablydifferentcreditrisk,theGroupshallseparatelyevaluateitscreditrisk,includingthereceivablesfromrelatedparties,receivablesinvolvedinanydisputewiththeotherpartyoranylawsuitandarbitration,andreceivableswithobviousevidenceshowingthatthedebtorcannotfulfilltheduepaymentobligationetc.Exceptforthefinancialassetswhosecreditriskshallbeseparatelyevaluated,theGroupshalldividethesefinancialassetsintodifferentcombinationsbasedonthespecificriskfeatures,onwhichbasis,correspondingcreditriskscanbeevaluated.
(4)AccountingTreatmentMethodsAppliedtotheImpairmentofFinancialAssetsAttheendoftheperiod,theGroupshallcalculatetheexpectedcreditlossesofvariousfinancialassets.Iftheexpectedcreditlossishigherthanthecarryingamountofitscurrentimpairmentprovision,thedifferenceshallberecognizedastheimpairmentloss;iflower,thedifferenceshallberecognizedasthegainfromtheimpairment.
12.NotesReceivableFornotesreceivable,theGroupshallmeasuretheprovisionforlossbasedonthespecificexpectedcreditlossduringtheentireperiodofexistence.Accordingtothecreditriskcharacteristicsthereof,exceptthosewithseparateevaluationofcreditrisk,notesreceivablecanbedividedintodifferentcombinations:
Item | Basis |
BankAcceptance | TheAcceptershallbethebankwithhighcreditlevelandlowrisks |
Item | Basis |
TradeAcceptance | Classifiedbycreditriskofacceptors(thesameasaccountsreceivable) |
13.AccountsReceivableForaccountreceivableandcontractassetsexcludingsignificantfinancingcomposition,theGroupshallmeasuretheprovisionforlossaccordingtothespecificexpectedcreditlossamountwithintheentireperiodofexistence.Foraccountreceivable,contractassetsandleasepaymentreceivableincludingsignificantfinancingcomposition,theGroupshallalwaysmeasuretheprovisionforlossaccordingtothespecificexpectedcreditlossamountwithintheperiodofexistence.Excepttheaccountreceivableandcontractassetswhosecreditrisksshallbeseparatelyevaluated,theGroupshalldividethemintodifferentcombinationsbasedonthespecificcreditrisks:
Item | Basis |
AgingCombination | Thisportfolioisaccountsreceivablewithagingasthecreditriskfeature. |
Relatedpartycombination | TheaccountsreceivablefromtheotherentitieswithintheGroup |
14.AccountsReceivableFinancingTheGroup’saccountsreceivablefinancingisbasedonexpectedcreditlosses,andprovisionismadefordepreciationreservesinaccordancewiththeexpectedcreditlossmeasurementmethodfornotesreceivable.
15.OtherReceivablesTheGroupmeasuresthelossreservesonotherreceivablesinaccordancewiththefollowingcircumstances:a)Forfinancialassetswhosecreditriskhasnotsignificantlyincreasedsincetheinitialrecognition,theGroupmeasuresthelossreservesattheamountofexpectedcreditlossesforthenext12months;b)Forfinancialassetswhosecreditriskhasincreasedsignificantlysincetheinitialrecognition,theGroupmeasuresthelossreservesatanamountequaltotheexpectedcreditlossesfortheentireperiodofthefinancialinstrument;c)Forfinancialassetspurchasedororiginatedfromcreditimpairment,theGroupmeasuresthelossreservesatanamountequaltotheexpectedcreditlossesovertheentireperiodofthefinancialinstrument.Exceptotherreceivableswhosecreditrisksshallbeseparatelyevaluated,theGroupshalldividethemintodifferentcombinationsbasedonthespecificcreditriskfeatures:
Item | Basis |
AgingCombination | Thisportfolioisotherreceivableswithagingasthecreditrisk |
Item | Basis |
feature. | |
LowRiskCombination | Thiscombinationshallregardotherreceivablesofextremelylowrisk(includingtherevolvingfund,thecashdepositandtheguaranteedeposit)asthecreditriskfeature. |
Relatedpartycombination | OtherreceivablesfromtheotherentitieswithintheGroup |
16.Long-termReceivablesBydeterminingwhetherthecreditriskoflong-termaccountreceivablesincreasesremarkablyaftertheinitialrecognition,theGroupshallmeasuretheimpairmentlossbasedonthespecificexpectedcreditlossinthefollowing12monthsorduringtheentireperiodofexistence.Exceptlong-termaccountreceivableswhosecreditrisksshallbeseparatelyevaluated,theGroupshalldividethemintodifferentcombinationsbasedonthespecificcreditriskfeatures:
Item | Basis |
FinancingLeaseCombination | Regardingthelong-termreceivablesrelatedtothefinancingleaseasthecreditriskcharacteristics |
17.InventoriesTheGroup'sinventoriesmainlyincluderawmaterials,productsinprocess,semi-finishedproducts,Productsonhand,andentrustedprocessingmaterials.Theperpetualinventorymethodisusedforinventories.Inventoriesarepricedattheactualcostatthetimeofacquisition;theactualcostofinventoriesisdeterminedbytheweightedaveragemethodwheninventoriesareclaimedorissued.Low-valueconsumablesandpackagingareamortizedthroughtheone-offcharge-offmethod.Thenetrealizablevalueofinventoriesofgoodsthatareuseddirectlyforsale,suchasinventorygoods,productsinprocess,andmaterialsforsale,isdeterminedbytheestimatedsellingpriceoftheinventoryminusestimatedsaleexpenses,andrelatedtaxes;thenetrealizablevalueofinventoriesofmaterialsheldforproductionisdeterminedbytheestimatedsellingpriceofthefinishedgoodsproducedminustheestimatedcostsofcompletion,estimatedsaleexpenses,andrelatedtaxes.Theinventorieswithvariousnumbersandlowunitpriceshallbemadeprovisionsfordepreciationreservesofinventoriesaccordingtothecategoryofinventories.Forinventoriesthatareproducedandsoldinthesameregionwithsameorsimilarenduseorpurposes,andhardtobemeasuredseparatelyfromotheritems,itshallbemademergerprovisionsforfallingpriceofinventories.Thenetrealizablevaluerefers,intheordinarycourseofbusiness,totheaccountafterdeductingtheestimatedcostofcompletion,estimatedsaleexpenseandrelevanttaxesfromtheestimated
salepriceofinventories.Thenetrealizablevalueofinventoriesshallbefixedonthebasisofvalidevidenceaswellasunderconsiderationofpurposeofinventoriesandtheeffectofeventsafterbalance-sheet-date.Afterwithdrawingthedepreciationreservesforinventories,ifthefactors,whichcauseanywrite-downoftheinventories,havedisappeared,causingthenetrealizablevalueofinventoriesishigherthanitscarryingamount;theamountofwrite-downshallbereversedfromtheoriginalamountofdepreciationreserveforinventories.Thereversedamountshallbeincludedintheprofitsandlossesofthecurrentperiod.
18.ContractAssets
(1)ConfirmationmethodsandstandardsofcontractassetsContractassetsrefertotherightoftheGrouptoreceiveconsiderationaftertransferringgoodstocustomers,andthisrightdependsonfactorsotherthanthepassageoftime.IftheGroupsellstwoclearlydistinguishableproductstocustomers,ithastherighttoreceivepaymentbecauseoneoftheproductshasbeendelivered,butthepaymentisalsodependentonthedeliveryoftheotherproduct,theGrouphastherighttoreceivepaymentasacontractassets.
(2)DeterminationmethodandaccountingtreatmentmethodofexpectedcreditlossofcontractassetsForthemethodofdeterminingtheexpectedcreditlossofcontractassets,seetheabove-mentionedmeasurementmethodforimpairmentlossesofreceivables.TheGroupcalculatestheexpectedcreditlossofcontractassetsonthebalancesheetdate.Iftheexpectedcreditlossisgreaterthanthebookvalueofthecurrentcontractassetimpairmentprovision,theGroupwillrecognizethedifferenceasanimpairmentlossanddebitthe"assetimpairmentloss".Credited"Contractassetimpairmentprovision".Onthecontrary,theGrouprecognizesthedifferenceasanimpairmentgainandkeepstheoppositeaccountingrecords.IftheGroupactuallyincurscreditlossesanddeterminesthattherelevantcontractassetscannotberecovered,andthewritten-offisapproved,the"contractassetimpairmentreserve"isdebitedandthe"contractedasset"iscreditedbasedontheapprovedwrite-offamount.Ifthewritten-offamountisgreaterthantheprovisionforlossthathasbeenwithdrawn,the"assetimpairmentloss"isdebitedbasedonthedifference.
19.ContractCosts
(1)ThemethodofdeterminingtheamountofassetsrelatedtocontractcostsTheGroup’sassetsrelatedtocontractcostsincludecontractperformancecostsandcontractacquisitioncosts.Thecontractperformancecost,thatis,thecostincurredbytheGroupfortheperformanceofthecontract,doesnotfallwithinthescopeofotheraccountingstandardsandmeetsthefollowingconditionsatthesametime,asthecontractperformancecostisrecognizedasanasset:thecost
andacurrentorexpectedcontractDirectlyrelated,includingdirectlabor,directmaterials,manufacturingexpenses,clearlythecostbornebythecustomer,andothercostsincurredonlyduetothecontract;thiscostincreasestheGroup'sfutureresourcesforfulfillingitsperformanceobligations;Thiscostisexpectedtoberecovered.Thecontractacquisitioncost,thatis,theincrementalcostincurredbytheGrouptoobtainthecontractisexpectedtoberecovered,andisrecognizedasanassetasthecontractacquisitioncost;iftheassetamortizationperioddoesnotexceedoneyear,itisincludedinthecurrentprofitandlosswhenitoccurs.Incrementalcostreferstothecost(suchassalescommission,etc.)thattheGroupwillnotincurwithoutobtainingthecontract.TheGroup'sexpensesincurredinobtainingthecontract,otherthantheexpectedincrementalcostthatcanberecovered(suchastravelexpensesincurredregardlessofwhetherthecontractisobtained,etc.),areincludedinthecurrentprofitandlosswhentheyareincurred,butitisclearlybornebythecustomerexcept.
(2)AmortizationofassetsrelatedtocontractcostsTheGroup’sassetsrelatedtocontractcostsareamortizedonthesamebasisasthecommodityrevenuerecognitionrelatedtotheassetandincludedinthecurrentprofitandloss.
(3)ImpairmentofassetsrelatedtocontractcostsWhentheGroupdeterminestheimpairmentlossofassetsrelatedtocontractcosts,itfirstdeterminestheimpairmentlossofotherassetsrelatedtothecontractthatareconfirmedinaccordancewithotherrelevantbusinessaccountingstandards;then,basedontheirbookvaluehigherthantheGroup’stransferandIfthedifferencebetweentheremainingconsiderationthattheasset-relatedcommodityisexpectedtoobtainandtheestimatedcostincurredforthetransferoftherelevantcommodity,theexcessshallbeprovidedforimpairmentandrecognizedasanassetimpairmentloss.Ifthedepreciationfactorsofthepreviousperiodhavechanged,andtheaforementioneddifferenceishigherthanthebookvalueoftheasset,theoriginalprovisionforassetimpairmentshallbereversedandincludedinthecurrentprofitandloss,butthebookvalueoftheassetafterthereversalshallnotexceedAssumingnoprovisionforimpairmentismade,thebookvalueoftheassetonthedateofreversal.
20.Long-termEquityInvestmentsTheGroup'slong-termequityinvestmentsmainlyconsistofinvestmentsinsubsidiaries,associatedenterprises,andjointventures.TheGroup’sjudgmentonjointcontrolisbasedonthefactthatallparticipantsoracombinationofparticipantscollectivelycontrolthearrangementandthatthepoliciesoftheactivitiesrelatedtothearrangementshallbeunanimouslyagreedbythoseparticipantswho.TheGroupisgenerallyconsideredtohaveasignificantinfluenceontheinvesteewhenitowns,directlyorindirectlythroughasubsidiary,above20%butbelow50%ofthevotingrightsoftheinvestee.IftheGroupholdslessthan20%ofthevotingrightsoftheinvestee,italsoneedsto
judgewhethertheGrouphasasignificantinfluenceontheinvesteebytakingintoaccountthefactsandcircumstancessuchashavingrepresentativesontheboardofdirectorsorsimilarauthorityoftheinvestee,orparticipatingintheprocessofformulatingfinancialandoperatingpoliciesoftheinvestee,orhavingmajortransactionswiththeinvestee,orsendingmanagementpersonneltotheinvestee,orprovidingkeytechnicalinformationtotheinvestee.Ifcontrolovertheinvesteeisformed,itisasubsidiaryoftheGroup.Forlong-termequityinvestmentacquiredthroughbusinesscombinationunderthesamecontrol,theinitialinvestmentcostofthelong-termequityinvestmentsisrecordedatthemergerdatebasedontheacquisitionofthemergedparty'sshareofthebookvalueofthenetassetsoftheultimatecontrollerintheconsolidatedfinancialstatement.Ifthebookvalueofthenetassetsofthemergedpartyonthemergerdateisnegative,thecostoflong-termequityinvestmentsisdeterminedaszero.Iftheequityoftheinvesteeunderthesamecontrolisacquiredinstagesthroughmultipletransactionstoeventuallyresultinabusinesscombination,additionaldisclosuresofthetreatmentoflong-termequityinvestmentsintheparentGroup'sfinancialstatementsshallbemadeintheReportingPeriodinwhichcontrolisobtained.Forexample,ifthebusinesscombinationthatisultimatelyformedthroughmultipletransactionstoacquiretheequityoftheinvesteeunderthesamecontrolbelongstoapackagedeal,theGroupshallconductaccountingtreatmenttotreateachtransactionasasingletransactiontoacquirecontrol.Ifthetransactionisnotapackagedeal,theinitialinvestmentcostofthelong-termequityinvestmentisbasedontheshareofthebookvalueofthenetassetsofthemergedpartyintheconsolidatedfinancialstatementsoftheultimatecontrolleratthemergerdate.Thedifferencebetweentheinitialinvestmentcostandthesumofthebookvalueofthelong-termequityinvestmentbeforethemergerplusthebookvalueofthenewconsiderationpaidforfurtheracquisitionofsharesatthemergerdateshalloffsetagainstcapitalreserve;andwherecapitalreserveisinsufficienttobeoffset,theretainedearningsshallbeadjusted.Forlong-termequityinvestmentacquiredthroughbusinesscombinationnotunderthesamecontrol,theinitialinvestmentcostshallbetheconsolidationcost.Iftheequityoftheinvesteenotunderthesamecontrolisacquiredinstagesthroughmultipletransactionstoeventuallyresultinabusinesscombination,additionaldisclosuresofthecosttreatmentoflong-termequityinvestmentsintheparentGroup'sfinancialstatementsshallbemadeintheReportingPeriodinwhichcontrolisobtained.Forexample,ifthebusinesscombinationthatisultimatelyformedthroughmultipletransactionstoacquiretheequityoftheinvesteenotunderthesamecontrolbelongstoapackagedeal,theGroupshallconductaccountingtreatmenttotreateachtransactionasasingletransactiontoacquirecontrol.Ifthetransactionisnotapackagedeal,thesumofthebookvalueoftheequityinvestmentoriginallyheldplusthecostofthenewinvestmentshallbetheinitialinvestmentcostcalculatedinaccordancewiththecostmethod.Iftheequityheldpriortothepurchasedateisaccountedbytheequitymethod,therelevantothercomprehensiveincomeaccountedbytheoriginalequitymethod
shallnotbeadjusted.Thesamebasisofaccountingasthatusedforthedirectdisposaloftherelatedassetsorliabilitiesbytheinvesteeisusedforthedisposaloftheinvestment.Iftheequityheldpriortothepurchasedateisafinancialassetdesignatedtobemeasuredatfairvaluewithfluctuationsincludedinothercomprehensiveincome,thecumulativeprofitorlossontheequitypreviouslyrecognizedinothercomprehensiveincomeshallbetransferredfromothercomprehensiveincometotheretainedearnings;iftheequityisafinancialassetmeasuredatfairvalueandthechangesofwhichareincludedinprofitsandlossesofthecurrentperiod,theequitypreviouslyrecognizedasprofitsandlossesfromthechangesinfairvalueshallnotbetransferredtoinvestmentincome.Iftheequityheldpriortothepurchasedateisaninvestmentforotherequityinstruments,thechangesinfairvalueoftheequityinvestmentaccumulatedinothercomprehensiveincomebeforethepurchasedateshallbetransferredtotheretainedearnings.Exceptforthelong-termequityinvestmentsacquiredthroughbusinesscombinationhereinabove,long-termequityinvestmentsacquiredbypayingcasharerecordedasinvestmentcostbasedontheactualpurchasepricepaid;long-termequityinvestmentsacquiredbyissuingequitysecuritiesarerecordedasinvestmentcostbasedonthefairvalueoftheequitysecuritiesissued;long-termequityinvestmentsinvestedbyinvestorsarerecordedasinvestmentcostbasedonthevalueagreedintheinvestmentcontractoragreement.TheGroupcalculatesitsinvestmentsinsubsidiariesthroughthecostmethodanditsinvestmentsinjointventuresandassociateenterprisesthroughtheequitymethod.Forlong-termequityinvestmentscalculatedbythecostmethodforsubsequentmeasurement,thebookvalueofthecostoflong-termequityinvestmentsshallbeincreasedbythefairvalueofthecostamountpaidfortheadditionalinvestmentandrelevanttransactioncostsincurredwhentheadditionalinvestmentismade.Cashdividendsorprofitsdeclaredbytheinvesteearerecognizedasinvestmentincomeforthecurrentperiodinaccordancewiththedueamount.Inadditiontotheabove-mentionedlong-termequityinvestmentobtainedthroughbusinesscombination,thelong-termequityinvestmentobtainedbypayingcashshallberegardedastheinvestmentcostaccordingtothepurchasepriceactuallypaid;thelong-termequityinvestmentobtainedbyissuingequitysecuritiesshallberegardedastheinvestmentcostaccordingtothefairvalueofissuingequitysecurities;thelong-termequityinvestmentinvestedbyinvestorsshallberegardedastheinvestmentcostaccordingtotheinvestmentcontractoragreementThevalueoftheGroupisregardedasthecostofinvestment.TheGroupadoptsthecostmethodforinvestmentinsubsidiariesandtheequitymethodforinvestmentinjointventuresandassociatedenterprises.Forthelong-termequityinvestmentwhosesubsequentmeasurementadoptsthecostmethod,whentheadditionalinvestmentismade,thebookvalueofthelong-termequityinvestmentcostisincreasedaccordingtothefairvalueofthecostamountpaidbytheadditionalinvestmentandtherelevanttransactionexpenses.Thecashdividendsorprofitsdeclaredtobedistributedbytheinvesteeshallberecognizedasthecurrentinvestmentincomeaccordingtotheamountthat
shouldbeenjoyed.Forthelong-termequityinvestmentwithequitymethodforsubsequentmeasurement,thebookvalueofthelong-termequityinvestmentwillincreaseordecreasewiththechangeoftheowner'sequityoftheinvestedentity.Whenconfirmingtheshareofthenetprofitandlossoftheinvestee,thenetprofitandlossoftheinvesteeshallbecalculatedbasedonthefairvalueoftheidentifiableassetsoftheinvesteeatthetimeofobtainingtheinvestment,inaccordancewiththeaccountingpoliciesandaccountingperiodoftheGroup,andoffsettheinternaltransactionprofitandlossbetweenthejointventureandthejointventureaccordingtotheshareholdingratioProfitisrecognizedafteradjustment.Fordisposaloflong-termequityinvestment,thedifferencebetweenthebookvalueandtheactualpriceshallbeincludedinthecurrentinvestmentincome.Forlong-termequityinvestmentaccountedbyequitymethod,othercomprehensiveincomeaccountedbytheoriginalequitymethodshallbeaccountedonthesamebasisastheinvestee'sdirectdisposalofrelevantassetsorliabilitieswhentheequitymethodisterminated,andtheowner'sequityshallberecognizedduetootherchangesinowner'sequityoftheinvesteeexceptnetprofitandloss,othercomprehensiveincomeandprofitdistributionWhentheequitymethodisterminated,allofthemshallbetransferredintothecurrentinvestmentincome.Incaseoflossofjointcontrolorsignificantinfluenceontheinvesteeduetothedisposalofpartofequityinvestment,theremainingequityafterdisposalshallbeaccountedaccordingtotherelevantprovisionsoftherecognitionandmeasurementstandardsoffinancialinstruments,andthedifferencebetweenthefairvalueandthebookvalueoftheremainingequityonthedateoflossofjointcontrolorsignificantinfluenceshallbeincludedinthecurrentprofitsandlosses.Whentheequitymethodisterminated,theothercomprehensiveincomeoftheoriginalequityinvestmentrecognizedasaresultofitsaccountingwiththeequitymethodshallbehandledonthesamebasisastheinvestee'sdirectdisposaloftherelevantassetsorliabilitiesandcarriedforwardinproportion.Theowner'sequityrecognizedasaresultofthechangesintheowner'sequityoftheinvesteeotherthannetprofitandloss,othercomprehensiveincomeandprofitdistributionshallbecarriedforwardinproportionTransfertocurrentinvestmentincome.Ifthecontrolovertheinvesteeislostduetothedisposalofpartofthelong-termequityinvestment,andtheresidualequityafterdisposalcanjointlycontrolorexertsignificantinfluenceontheinvestee,itshallbeaccountedaccordingtotheequitymethod,andthedifferencebetweenthebookvalueofthedisposalequityandthedisposalconsiderationshallbeincludedintheinvestmentincome,andtheresidualequityshallberegardedasadjustedbytheequitymethodwhenitisobtainedIftheresidualequitycannotexercisejointcontrolorexertsignificantinfluenceontheinvestee,theaccountingtreatmentshallbecarriedoutaccordingtotherelevantprovisionsoftherecognitionandmeasurementstandardsoffinancialinstruments.Thedifferencebetweenthebookvalueofthedisposalequityandthedisposalconsiderationshallbeincludedintheinvestmentincome,andthedifferencebetweenthefairvalueandthebookvalueofthe
residualequityonthedayoflosingcontrolshallbeincludedinthecurrentprofitsandlosses.Ifthetransactionfromstep-by-stepdisposalofequitytolossofcontrolrightdoesnotbelongtopackagetransaction,accountingtreatmentshallbecarriedoutforeachtransactionseparately.Ifitisa"packagedeal",eachtransactionwillbetreatedasatransactionofdisposalofsubsidiariesandlossofcontrol.However,beforethelossofcontrol,thedifferencebetweenthedisposalpriceofeachtransactionandthebookvalueofthelong-termequityinvestmentcorrespondingtothedisposedequitywillberecognizedasothercomprehensiveincome,andwhenthecontrolislost,itwillbetransferredtothecurrentaccountoflossofcontrolPeriodprofitandloss
21.InvestmentPropertyTheterm“investmentproperty”referstotherealestateheldforgeneratingrentand/orcapitalappreciation.InvestmentpropertyoftheGroupincludetherighttouseanylandwhichhasalreadybeenrented;therighttouseanylandwhichisheldandpreparedfortransferafterappreciation;andtherighttouseanybuildingwhichhasalreadybeenrented.Inaddition,iftheboardofdirectors(orsimilarorganizations)makesawrittenresolutiontousethevacantbuildingsheldbytheGroupforoperatingleaseandtheholdingintentionwillnotchangeinashorttime,theywillalsobelistedasinvestmentrealestate.Theinitialmeasurementoftheinvestmentpropertyshallbemadeatitscost.SubsequentexpendituresincurredforaninvestmentpropertyisincludedinthecostoftheinvestmentpropertywhenitisprobablethateconomicbenefitsassociatedwiththeinvestmentpropertywillflowtotheGroupandthecostcanbereliablymeasured,otherwisetheexpenditureisrecognizedinprofitorlossintheperiodinwhichtheyareincurred.TheGroupshallmakeafollow-upmeasurementtotheinvestmentpropertybyemployingthecostpatternonthedateofthebalancesheet.Anaccrualdepreciationoramortizationshallbemadefortheinvestmentpropertyinthelightoftheaccountingpoliciesoftheuserightofbuildingsorlands.Fordetailsofimpairmenttestmethodandwithdrawalmethodofimpairmentprovisionofinvestmentproperty,pleaserefertoNoteIV.27.“Long-termassetsimpairment”.TheGroup'sinvestmentrealestateadoptstheaveragelifemethodfordepreciationoramortization.Theexpectedservicelife,netresidualvaluerateandannualdepreciation(amortization)rateofallkindsofinvestmentrealestateshallrefertothedepreciationpolicyofbuildingsinfixedassetsandtheamortizationpolicyoflanduserightinintangibleassets.Whenowner-occupiedrealestateorinventoriesarechangedintoinvestmentpropertyorinvestmentpropertyischangedintoowner-occupiedrealestate,ofwhichbookvaluepriortothechangeshallbetheentryvalueafterthechange.Whenaninvestmentpropertyischangedtoanowner-occupiedrealestate,itwouldbetransferredtofixedassetsorintangibleassetsatthedateofsuchchange.Whenanowner-occupiedrealestateischangedtobeheldtoearnrentalorforcapitalappreciation,thefixedassetorintangibleassetis
transferredtoinvestmentpropertyatthedateofsuchchange.Ifthefixedassetorintangibleassetischangedintoinvestmentpropertymeasuredbyadoptingthecostpattern,whosebookvaluepriortothechangeshallbetheentryvalueafterthechange;ifthefixedassetorintangibleassetischangedintoinvestmentpropertymeasuredbyadoptingthefairvaluepattern,whosefairvalueonthedateofsuchchangeshallbetheentryvalueafterthechange.Aninvestmentpropertyisderecognizedondisposalorwhentheinvestmentpropertyispermanentlywithdrawnfromuseandnofutureeconomicbenefitsareexpectedfromitsdisposal.Theamountofproceedsonsale,transfer,retirementordamageofaninvestmentpropertylessitscarryingamountandrelatedtaxesandexpensesisrecognizedinprofitorlossintheperiodinwhichitisincurred.
22.FixedAssetsTheGroup’sfixedassetsaretangibleassetsheldfortheproductionofgoods,provisionofservices,rentaloroperationmanagementandhaveausefullifeofmorethanoneyear.FixedassetsshouldberecognizedwhenitisprobablethattheeconomicbenefitsassociatedwiththemwillbeincorporatedintotheGroupandtheircostcanbemeasuredreliably.TheGroup’sfixedassetsincludebuildingsandconstructions,machineryandequipment,electronicequipment,transportationequipment,andotherequipment.TheGroupdepreciatesallfixedassetsbystraight-linemethod,exceptforfullydepreciatedfixedassetsthatcontinuetobeusedandlandthatisseparatelyvalued.Thecategorizeddepreciablelives,estimatednetsalvageratesanddepreciationratesoftheGroup’sfixedassetsareasfollows.
No. | Category | Method | Depreciationperiod(year) | Expectednetsalvagevalue(%) | Annualdeprecation(%) |
1 | Housingandbuilding | Straight-linedepreciation | 20-40 | 5-10.00 | 2.25-4.75 |
2 | Machineryequipment | Straight-linedepreciation | 5-10 | 5-10.00 | 9.00-19.00 |
3 | Electronicequipment | Straight-linedepreciation | 3-5 | 5-10.00 | 18.00-31.67 |
4 | Transportationvehicle | Straight-linedepreciation | 3-5 | 5-10.00 | 18.00-31.67 |
5 | Otherequipment | Straight-linedepreciation | 5 | 5-10.00 | 18.00-19.00 |
Theestimatedusefullife,estimatednetsalvagevalueanddepreciationmethodoffixedassetsarereviewedattheendofeachyear.Accountingestimationmethodsareusedwhenchangesarerequired.
23.ConstructioninProgressOnthedatewhentheconstructioninprogressreachesitsintendeduseablestate,fixedassetsarecarriedforwardattheestimatedvaluebasedontheprojectbudget,costoractualcostoftheproject,etc.Depreciationstartsfromthefollowingmonth,andthedifferenceintheoriginalvalueoffixedassetsisadjustedafterthecompletionofthefinalaccountingprocedures.
24.BorrowingCostsForincurredborrowingcosts,whichcanbedirectlyattributedtofixedassets,investmentrealestateandinventorythatneedmorethanoneyearofpurchasing,constructionorproductionactivitiestoreachthepresetusableorsellablestatus,shallbecapitalizedwhentheassetexpenditurehasoccurred,theborrowingcostshaveoccurred,andthepurchasing,constructionorproductionactivitiesnecessaryfortheassettoreachthepresetusableorsellablestatushavebegun;Whentheacquisition,constructionorproductionofassetsthatmeetthecapitalizationconditionsreachtheintendedusableorsellablestatus,capitalizationisstopped,andtheborrowingcostsincurredthereafterareincludedintheprofitsandlossesofthecurrentperiod.Ifthereisanabnormalinterruptionintheacquisition,constructionorproductionofassetsthatmeetthecapitalizationconditionsandtheinterruptionlastsformorethan3consecutivemonths,thecapitalizationofborrowingcostswillbesuspendeduntiltheacquisition,constructionorproductionofassetsstartsagain.Theto-be-capitalizedamountofinterestsshallbedeterminedinlightoftheactualinterestsincurredofthespeciallyborrowedloanatthepresentperiodminustheincomeofinterestsearnedontheunusedborrowingloansasadepositinthebankorasatemporaryinvestment;theenterpriseshallcalculateanddeterminetheto-be-capitalizedamountonthegeneralborrowingbymultiplyingtheweightedaverageassetdisbursementofthepartoftheaccumulativeassetdisbursementsminusthegeneralborrowingbythecapitalizationrateofthegeneralborrowingused.Thecapitalizationrateshallbecalculatedanddeterminedinlightoftheweightedaverageinterestrateofthegeneralborrowing.
25.Right-of-UseAssets
Theright-of-useassetsrefertotherightoftheGroupasthelesseetousetheleasedassetsduringtheleaseterm.
(1)InitialmeasurementAfterthecommencementdateoftheleaseterm,theGroupusesthecostforinitialmeasurementofright-of-useassets.Thecostincludesthefollowingfouritems:a)Theinitialmeasurementamountofleaseliabilities;b)Ifthereisaleaseincentivefortheleasepaymentpaidonorbeforethecommencementdateoftheleaseterm,therelevantamountoftheleaseincentivealreadyenjoyedshallbededucted;c)Theinitialdirectexpensesincurredaretheincrementalcostsincurredinreachingthelease;d)Thecostsexpectedtobeincurredfordismantlingandremovingtheleasedassets,restoringthesitewheretheleasedassetsarelocatedorrestoringtheleasedassetstothestateagreedinthelease
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
terms,exceptthoseincurredfortheproductionofinventories.
(2)Follow-upmeasurementAfterthecommencementdateoftheleaseterm,theGroupadoptsthecostmodeltocarryoutfollow-upmeasurementoftheright-of-useassets,thatis,theright-of-useassetsaremeasuredatcostlessaccumulateddepreciationandaccumulatedimpairmentlosses.IftheGroupre-measurestheleaseliabilitiesaccordingtotherelevantprovisionsoftheleasestandards,thebookvalueoftheright-of-useassetsshallbeadjustedaccordingly.
(3)Depreciationofright-of-useassetsFromthecommencementdateoftheleaseterm,theGrouphasaccrueddepreciationontheright-of-useassets.Right-of-useassetsareusuallydepreciatedfromthemonthwhentheleasetermbegins.Theaccrueddepreciationamountisincludedinthecostofrelatedassetsorcurrentprofitsandlossesaccordingtotheuseoftheright-of-useassets.Whendeterminingthedepreciationmethodoftheright-of-useassets,theGroupmakesadecisionbasedontheexpectedconsumptionmodeoftheeconomicbenefitsrelatedtotheright-of-useassets,andaccruesdepreciationfortheright-of-useassetsonthestraight-linemethod.Whendeterminingthedepreciationperiodoftheright-of-useassets,theGroupfollowsthefollowingprinciples:Iftheownershipoftheleasedassetscanbereasonablydeterminedwhentheleasetermexpires,depreciationshallbeaccruedwithintheremainingservicelifeoftheleasedassets;ifitcannotbereasonablydeterminedthattheownershipoftheleasedassetcanbeobtainedwhentheleasetermexpires,depreciationshallbeaccruedwithintheshorteroftheleasetermandtheremainingservicelifeoftheleasedasset.
(4)Impairmentofright-of-useassetsIftheright-of-useassetsareimpaired,theGroupcarriesoutsubsequentdepreciationaccordingtothebookvalueoftheright-of-useassetsafterdeductingtheimpairmentloss.
26.IntangibleAssetsTheGroup’sintangibleassetsincludelanduserights,patentedtechnologyandnon-proprietarytechnology,whicharemeasuredatactualcostatthetimeofacquisition.Acquiredintangibleassetsarestatedatactualcostbasedontheactualpricepaidandrelatedotherexpenses.Theactualcostofintangibleassetsinvestedbyinvestorsisdeterminedatthevalueagreedintheinvestmentcontractoragreement,butiftheagreedvalueinthecontractoragreementisnotfair,theactualcostisdeterminedatfairvalue.Intangibleassets,suchaspatents,acquiredinamergernotundercommoncontrolbutownedbytheacquireebutnotrecognizedinitsfinancialstatements,arerecognizedasintangibleassetsatfairvalueatthetimeofinitialrecognitionoftheacquiree’sassets.Landuserightsareamortizedequallyovertheyearsfromthecommencementdateofthegrant;intangibleassetssuchassoftwareandpatentsareamortizedequallyovertheshortestoftheestimatedusefullife,thecontractualbeneficiarylifeandtheeffectivelifeprescribedbylaw.Theamortizationamountischargedtothecostoftherelatedassetsandcurrentprofitorlossaccordingtotheirbeneficiaries.Theestimatedusefullifeandamortizationmethodofintangible
assetswithfiniteusefullivesarereviewedattheendofeachyear.Accountingestimationmethodsareusedwhenchangesarerequired.
(1)Specificcriteriafordividingtheresearchphaseanddevelopmentphase“Research”meansanoriginalandplannedinvestigationtoacquireandunderstandnewscientificortechnicalknowledge.“Development”meanstheapplicationofresearchresultsorotherknowledgetooneormoreplansordesignstoproduceneworsubstantiallyimprovedmaterials,devices,products,ortoobtainnewprocesses,etc.,priortocommercialproductionoruse.Expensesfortheresearchphasearechargedtocurrentprofitorlossasincurred.
(2)SpecificcriteriaforcapitalizationofdevelopmentstageexpendituresExpendituresinthedevelopmentstagearecapitalizedwhenthefollowingconditionsaremet.
①Itisfeasibletechnicallytofinishintangibleassetsforuseorsale;
②Itisintendedtofinishanduseorselltheintangibleassets;
③Theusefulnessofmethodsforintangibleassetstogenerateeconomicbenefitsshallbeproved,includingbeingabletoprovethatthereisapotentialmarketfortheproductsmanufacturedbyapplyingtheintangibleassetsorthereisapotentialmarketfortheintangibleassetsitselfortheintangibleassetswillbeusedinternally;
④Itisabletofinishthedevelopmentoftheintangibleassets,andabletouseorselltheintangibleassets,withthesupportofsufficienttechnologies,financialresourcesandotherresources;
⑤Thedevelopmentexpendituresoftheintangibleassetscanbereliablymeasured.
27.ImpairmentofLong-termAssetsFornon-currentfinancialAssetsoffixedAssets,projectsunderconstruction,intangibleAssetswithlimitedservicelife,investingrealestatewithcostmodel,long-termequityinvestmentofsubsidiaries,cooperativeenterprisesandjointventures,theGroupshouldjudgewhetherdecreaseinvalueexistsonthedateofbalancesheet.Recoverableamountsshouldbetestedfordecreaseinvalueifitexists.OtherintangibleAssetsofreputationanduncertainservicelifeandothernon-accessibleintangibleassetsshouldbetestedfordecreaseinvaluenomatterwhetheritexists.Iftherecoverableamountislessthancarryingvalueinimpairmenttestresults,theprovisionforimpairmentofdifferencesshouldincludeinimpairmentloss.Recoverableamountswouldbethehigherofnetvalueofassetfairvaluedeductingdisposalchargesorpresentvalueofpredictedcashflow.Assetfairvalueshouldbedeterminedaccordingtonegotiatedsalespriceoffairtrade.Ifnosalesagreementexistsbutwithassetactivemarket,fairvalueshouldbedeterminedaccordingtotheBuyer’spriceoftheasset.Ifnosalesagreementorassetactivemarketexists,assetfairvaluecouldbeacquiredonthebasisofbestinformationavailable.Disposalexpensesincludelegalfees,taxes,cartageorotherdirectexpensesofmerchantableAssetsrelatedtoassetdisposal.Presentvalueofpredictedassetcashflowshouldbedeterminedbytheproperdiscount
rateaccordingtoAssetsinserviceandpredictedcashflowoffinaldisposal.AssetdepreciationreservesshouldbecalculatedonthebasisofsingleAssets.IfitisdifficulttopredicttherecoverableamountsforsingleAssets,recoverableamountsshouldbedeterminedaccordingtothebelongingassetgroup.Assetgroupistheminimumassetcombinationproducingcashflowindependently.Inimpairmenttest,carryingvalueofthebusinessreputationinfinancialreportshouldbesharedtobeneficialassetgroupandassetgroupcombinationincollaborationofbusinessmerger.Itisshowninthetestthatifrecoverableamountsofsharedbusinessreputationassetgrouporassetgroupcombinationarelowerthanbookvalue,itshoulddeterminetheimpairmentloss.Impairmentlossamountshouldfirstlybedeductedandsharedtothecarryingvalueofbusinessreputationofassetgrouporassetgroupcombination,thendeductcarryingvalueofallassetsaccordingtoproportionsofothercarryingvalueofaboveassetsinassetgrouporassetgroupcombinationexceptbusinessreputation.Aftertheassetimpairmentlossisdetermined,recoverablevalueamountswouldnotbereturnedinfuture.
28.Long-termDeferredExpensesTheLong-termdeferredexpensesoftheGroupincludingrenovationcost,moldcostandsoonshallbeamortizedevenlyduringthebenefitperiod.Iftheselong-termdeferredexpensescannotbenefitthefutureaccountingperiod,theamortizedvalueofthisitemthathasnotbeenamortizedshallbetransferredtothecurrentprofitandloss.
29.ContractLiabilitiesLiabilitiesofcontractsrefertotheGroup'sobligationtotransfergoodstocustomersduetotheconsiderationreceivedorreceivablefromcustomers.Beforethetransfers,ifthecustomerhaspaidtheconsiderationoriftheGrouphasobtainedtherighttounconditionallycollectthecontractconsideration,theliabilitiesofcontractsshallberecognizedbasedontheamountreceivedorreceivableattheearlierpointbetweentheactualpaymentbythecustomerandthepaymentdue.
30.EmployeeCompensationSalariesofstaffoftheGroupincludeshort-termsalary,post-employmentbenefits,terminationcompensation,andotherlong-termbenefits.Short-termsalarymainlyincludeswages,bonuses,allowancesandsubsidies,aswellasemployeebenefits,medicalinsurance,maternityinsurance,employmentinjuryinsurance,housingprovidentfund,laborunionexpenses,andstaffeducationexpenses,andnon-monetarybenefits.Duringtheaccountingperiodwhentheemployeesprovideservices,theactualshort-termcompensationis
recognisedasaliabilitythatshallbeincludedinthecurrentprofitandlossorthecostofrelatedassetsaccordingtothebeneficiary.Thepost-employmentbenefitsmainlyincludethebasicendowmentinsurance,etc.TheyaredividedintodefinedcontributionplansanddefinedbenefitplansinaccordancewiththerisksandobligationsundertakenbytheGroup.Accordingtothedefinedcontributionplan,thedepositpaidtoaseparateentityinexchangefortheservicesprovidedbytheemployeesduringtheaccountingperiodonthebalancesheetdateisrecognizedasliabilities,andshallbeincludedinthecurrentprofitandlossorthecostofrelatedassetsaccordingtothebeneficiary.IftheGrouphasadefinedbenefitplan,thespecificaccountingmethodshouldbeexplained.Whenterminatinglabourrelationsbeforeexpirationofcontract,orlayoffswithcompensations,andtheGroupcannotterminatethelabourrelationsunilaterallyorreducethedemissionwelfare,remunerationandliabilitiesproducedfromthedemissionwelfareshouldbedeterminedandincludedincurrentprofitsandlosseswhendeterminingthecostsofdemissionwelfareandrecombination.However,demissionwelfarenotfullypaidwithin12monthsafterannualReportingPeriodshouldbehandledthesameasotherlong-termemployees’payrolls.Theinsideemployeeretirementplanistreatedbyadoptingthesameprinciplewiththeabovedismissionwelfare.TheGroupwouldrecordedthesalaryandthesocialsecurityinsurancefeespaidandsoonfromtheemployee’sserviceterminationdatetonormalretirementdateintocurrentprofitsandlosses(dismissionwelfare)undertheconditionthattheymeettherecognitionconditionsofestimatedliabilities.
Theotherlong-termwelfarethattheGroupofferstothestaffs,ifmetwiththesettingdrawingplan,shouldbeaccountingdisposedaccordingtothesettingdrawingplan,whiletherestshouldbedisposedaccordingtothesettingrevenueplan.
31.LeaseLiabilities
(1)InitialmeasurementTheGroupinitiallymeasurestheleaseobligationatthepresentvalueoftheleasepaymentsoutstandingatthecommencementdateoftheleaseterm.
1)LeasepaymentsLeasepaymentsrefertotheamountpaidbytheGrouptothelessorrelatedtotherighttousetheleasedassetsduringtheleaseterm,including:a)Fixedpaymentamountandsubstantialfixedpaymentamount.Ifthereisleaseincentive,deducttheamountrelatedtoleaseincentive;b)Thevariableleasepaymentamountdependingontheindexorratio,whichisdeterminedaccordingtotheindexorratioonthecommencementdateoftheleasetermattheinitialmeasurement;c)WhentheGroupreasonablydeterminestheexercisepriceofthepurchaseoptionwhenitwillexerciseit;d)TheleasetermreflectstheamounttobepaidtoexercisetheterminationoptionwhentheGroupwillexercisetheterminationoption;e)TheamountexpectedtobepaidbasedontheresidualvalueoftheguaranteeprovidedbytheGroup.
2)RateofdiscountWhencalculatingthepresentvalueoftheleasepayments,theGroupusestheinterestrateimplicitin
leaseastherateofdiscount,whichistheinterestrateatwhichthesumofthepresentvalueofthelessor'sleasereceiptsandthepresentvalueoftheunsecuredresidualvalueequalsthesumofthefairvalueoftheleasedassetandthelessor'sinitialdirectexpenses.IftheGroupfailstodeterminetheinterestrateimplicitinlease,theincrementalinterestrateonborrowingwillbeusedastherateofdiscount.TheincrementalinterestrateonborrowingshallmeantheinterestratepayablebytheGrouptoborrowfundsundersimilarmortgageconditionsduringsimilarperiodstoacquireassetsclosetothevalueoftheright-of-useassetsundersimilareconomiccircumstances.Theinterestrateisrelatedtothefollowingmatters:a)TheGroup'sownsituation,thatis,theCompany'ssolvencyandcreditstatus;b)Thetermof"loan",thatis,theleaseterm;c)Theamountof"borrowed"funds,thatis,theamountofleaseliabilities;d)"Mortgageconditions",thatis,thenatureandqualityoftheunderlyingassets;e)Economicenvironment,includingthejurisdictionwherethelesseeislocated,thevaluationcurrency,thetimewhenthecontractissigned,etc.TheincrementalborrowingrateisbasedontheGroup'slatestasset-basedlendinginterestrateforsimilarassetsandadjustedtotakeintoaccounttheabovefactors.
(2)Follow-upmeasurementAfterthecommencementdateoftheleaseterm,theGroupcarriesoutfollow-upmeasurementofleaseliabilitiesaccordingtothefollowingprinciples:a)Whenrecognizingtheinterestofleaseliabilities,theGroupwillincreasethecarryingamountofleaseliabilities;b)Whenpayingtheleasepayments,theGroupwillreducethebookamountoftheleaseliability;c)Whentheleasepaymentschangesduetorevaluationorleasechange,theGroupwillremeasurethebookvalueofleaseliability.TheGroupcalculatestheinterestexpensesoftheleaseobligationsduringeachperiodoftheleasetermatafixedperiodicinterestrate,andincludesthem(exceptthosethatshallbecapitalized)inprofitorlossforthecurrentperiod.PeriodicratereferstotherateofdiscountadoptedbytheGroupwheninitiallymeasuringleaseliabilities,ortherevisedrateofdiscountadoptedbytheGroupwhenleaseliabilitiesneedtoberemeasuredaccordingtotherevisedrateofdiscountduetochangesinleasepaymentsorleasechanges.
(3)Re-measurementAfterthecommencementdateoftheleaseterm,theGroupre-measurestheleaseliabilitybasedonthepresentvalueofthechangedleasepaymentandadjuststhebookvalueoftheright-of-useassetsaccordinglywhenthefollowingcircumstancesoccur.Ifthecarryingvalueoftheright-of-useassetshasbeenreducedtozero,buttheleaseobligationsstillneedtobefurtherreduced,theGroupwillincludetheremainingamountinprofitorlossforthecurrentperiod.a)Theactualfixedpaymentamountchanges(inthiscase,theoriginalrateofdiscountisusedfordiscount);b)Theestimatedamountpayableoftheresidualvaluechanges(inthiscase,theoriginalrateofdiscountisusedfordiscount);c)Theindexorratiousedtodeterminetheleasepaymentchanges(inthiscase,therevisedrateofdiscountisusedfordiscount);d)Theevaluationresultofthepurchaseoptionchanges(inthiscase,therevisedrateofdiscountisadoptedfordiscount);e)Theevaluationresultoractualexerciseoftheleaserenewaloptionortheleaseterminationoptionchanges(inthiscase,therevisedrateofdiscountisadoptedfordiscount).
32.ProvisionsTheGroupshouldrecognizetherelatedobligationasaprovisionforliabilitywhentheobligation
meetsthefollowingconditions:(1)Thatobligationisapresentobligationoftheenterprise;(2)Itisprobablethatanoutflowofeconomicbenefitsfromtheenterprisewillberequiredtosettletheobligation;(3)Areliableestimatecanbemadeoftheamountoftheobligation.Onthebalancesheetdate,anenterpriseshalltakeintofullconsiderationoftherisks,uncertainty,timevalueofmoney,andotherfactorspertinenttotheContingenciestomeasuretheprovisionsinaccordancewiththebestestimateofthenecessaryexpensesfortheperformanceofthecurrentobligation.Whenallorsomeoftheexpensesnecessaryfortheliquidationofanprovisionsofanenterpriseisexpectedtobecompensatedbyathirdparty,thecompensationshouldbeseparatelyrecognizedasanassetonlywhenitisvirtuallycertainthatthereimbursementwillbeobtained.Besides,theamountrecognizedforthereimbursementshouldnotexceedthecarryingvalueoftheestimatedliabilities.
33.PrinciplesofRevenueRecognitionandMeasurementMethodTherevenueoftheGroupmainlyconsistsoftheincomefrommainbusinessandtheincomefromotherbusinesses.
(1)RevenuerecognitionprincipleTheGrouphasfulfilledtheperformanceobligationsinthecontract,thatis,whenthecustomerobtainscontroloftherelevantgoodsorservices,revenueisrecognized.Obtainingcontroloverrelatedgoodsorservicesmeansbeingabletoleadtheuseofthegoodsortheprovisionofsuchservicesandobtainalmostalloftheeconomicbenefitsfromit.Onthestartingdateofthecontract,theGroupevaluatesthecontract,identifieseachindividualperformanceobligationcontainedinthecontract,anddetermineswhethereachindividualperformanceobligationisperformedwithinacertainperiodoftimeoratacertainpointintime.Whenoneofthefollowingconditionsismet,itisaperformanceobligationwithinacertainperiodoftime,otherwise,itisaperformanceobligationatacertainpointintime:
①ThecustomerobtainsandconsumestheeconomicbenefitsbroughtbytheGroup'sperformanceatthesametimetheGroupperformsthecontract.
②ThecustomercancontroltheproductsunderconstructionduringtheperformanceoftheGroup.
③ThegoodsproducedduringtheperformanceoftheGrouphaveirreplaceableuses,andtheGrouphastherighttocollectpaymentsforthecumulativeperformanceofthecontractduringtheentirecontractperiod.Forperformanceobligationsperformedwithinacertainperiodoftime,theGrouprecognizesrevenueaccordingtotheperformanceprogressduringthatperiod.Whentheperformanceprogresscannotbereasonablydetermined,ifthecostincurredbytheGroupisexpectedtobecompensated,therevenueshallberecognizedaccordingtotheamountofthecostincurreduntiltheperformanceprogresscanbereasonablydetermined.
Forperformanceobligationsperformedatacertainpointintime,theGrouprecognizesrevenueatthepointwhenthecustomerobtainscontroloftherelevantgoodsorservices.Whenjudgingwhetheracustomerhasobtainedcontrolofgoodsorservices,theGroupconsidersthefollowingsigns:
①TheGroupenjoysthecurrentrighttoreceivepaymentforthegoodsorservices.
②TheGrouphastransferredthelegalownershipoftheproducttothecustomer.
③TheGrouphastransferredthegoodsinkindtothecustomer.
④TheGrouphastransferredthemainrisksandrewardsoftheownershipoftheproducttothecustomer.
⑤Thecustomerhasacceptedthegoodsorservices.TheGrouphastransferredgoodsorservicestocustomersandtherighttoreceiveconsiderationislistedascontractassets,andcontractassetsaredevaluedonthebasisofexpectedcreditlosses.TheGroup'sunconditionalrighttocollectconsiderationfromcustomersislistedasreceivables.TheGroup’sobligationtotransfergoodsorservicestocustomersduetotheconsiderationreceivedfromcustomersislistedascontractliabilities.
(2)Principlesofincomemeasurement
①Ifthecontractcontainstwoormoreperformanceobligations,atthebeginningofthecontract,theGroupwillallocatethetransactionpricetoeachindividualperformanceobligationbasedontherelativeproportionofthestand-alonesellingpriceofthegoodsorservicespromisedbyeachindividualperformanceobligation.Revenueismeasuredatthetransactionpriceofeachindividualperformanceobligation.
②ThetransactionpriceistheamountofconsiderationthattheGroupexpectstobeentitledtoreceiveduetothetransferofgoodsorservicestocustomers,excludingpaymentscollectedonbehalfofthirdpartiesandpaymentsexpectedtobereturnedtocustomers.ThetransactionpriceconfirmedbytheGroupdoesnotexceedtheamountatwhichtheaccumulatedconfirmedincomewillmostlikelynotundergoasignificantreversalwhentherelevantuncertaintyiseliminated.Itisexpectedthatthemoneyreturnedtothecustomerwillnotbeincludedinthetransactionpriceasaliability.
③Ifthereisvariableconsiderationinthecontract,suchascashdiscountsandpriceguaranteesinpartofthecontractbetweentheGroupanditscustomers,theGroupdeterminesthebestestimateofthevariableconsiderationaccordingtotheexpectedvalueorthemostlikelyamount,butincludesthevariableThetransactionpriceoftheconsiderationshallnotexceedtheamountatwhichtheaccumulatedconfirmedincomeisunlikelytobereversedsignificantlywhentherelevantuncertaintyiseliminated.
④Fortheconsiderationpayabletocustomers,theGroupoffsetsthetransactionpricefromtheconsiderationpayabletocustomers,andoffsetsthecurrentincomeatthetimewhentherelevantincomeisrecognizedandthepayment(orpromisedtopay)thecustomerconsiderationislater,
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
unlesstheconsiderationpayableisforObtainotherclearlydistinguishableproductsfromcustomers.
⑤Forsaleswithasalesreturnclause,whenthecustomerobtainscontroloftherelevantproduct,theGrouprecognizesrevenuebasedontheamountofconsiderationexpectedtobereceivedduetothetransferoftheproducttothecustomer,andtheexpectedreturnduetothesalesreturnisrecognizedasanestimatedliability;Atthesametime,accordingtotheexpectedbookvalueofthereturnedgoodsatthetimeoftransfer,thebalanceafterdeductingtheestimatedcostofrecoveringthegoods(includingthevalueimpairmentofthereturnedgoods)isrecognizedasanasset,thatis,thereturncostreceivable,accordingtothetransferredgoodsThebookvalueatthetimeofthetransfer,deductingthenetcarry-overcostoftheaforementionedassetcost.Oneachbalancesheetdate,theGroupre-estimatesthefuturesalesreturnsandre-measurestheaforementionedassetsandliabilities.
⑥Ifthereisasignificantfinancingcomponentinthecontract,theGroupshalldeterminethetransactionpricebasedontheamountpayableincashwhenthecustomerassumescontrolofthegoodsorservices.Usingthediscountratethatdiscountsthenominalamountofthecontractconsiderationintothecurrentcommodityprice,thedifferencebetweenthedeterminedtransactionpriceandtheamountoftheconsiderationpromisedinthecontractisamortizedbytheactualinterestmethodduringthecontractperiod.Onthestartingdateofthecontract,theGroupexpectsthatthetimebetweenthecustomer'sacquisitionofcontrolofthegoodsorservicesandthecustomer'spaymentofthepricewillnotexceedoneyear,regardlessofthesignificantfinancingcomponentsinthecontract.
⑦Accordingtocontractualagreements,legalprovisions,etc.,theGroupprovidesqualityassurancefortheproductssoldandtheassetsbuilt.Forguarantee-typequalityassurancetoassurecustomersthatthegoodssoldmeettheestablishedstandards,theGroupconductsaccountingtreatmentinaccordancewith"contingentevents-estimatedliabilities".Fortheservicequalityassurancethatprovidesaseparateserviceinordertoassurecustomersthatthegoodssoldmeettheestablishedstandards,theGroupregardsitasasingleperformanceobligation,basedonthestand-alonesellingpriceofthequalityassuranceofgoodsandservices.Inarelativeproportion,partofthetransactionpriceisallocatedtoservicequalityassurance,andrevenueisrecognizedwhenthecustomerobtainscontroloftheservice.Whenassessingwhetherthequalityassuranceprovidesaseparateserviceinadditiontoensuringthattheproductssoldmeettheestablishedstandards,theGroupconsiderswhetherthequalityassuranceisalegalrequirement,thequalityassuranceperiod,andthenatureoftheGroup'scommitmenttoperformthetasks.
⑧WhentheconstructioncontractbetweentheGroupandthecustomerischanged:①Ifthecontractchangeaddsclearlydistinguishableconstructionservicesandcontractprices,andthenewcontractpricereflectsthestand-alonesellingpriceofthenewconstructionservices,theGroupwillThecontractchangeshallbetreatedasaseparatecontractforaccountingtreatment;
②Ifthecontractchangedoesnotfallintotheabove-mentionedcircumstance①,andthereisa
cleardistinctionbetweentheconstructionservicesthathavebeentransferredandtheconstructionservicesthathavenotbeentransferredonthedateofthecontractchange,theGroupTreatitastheterminationoftheoriginalcontract,andatthesametime,mergetheunfulfilledpartoftheoriginalcontractandthechangedpartofthecontractintoanewcontractforaccountingtreatment;
③Ifthecontractchangedoesnotfallintotheabovesituation①,andtheconstructionservicehasbeentransferredonthedateofcontractchangeThereisnocleardistinctionbetweentheconstructionserviceandtheuntransferredconstructionservice.TheGroupaccountsforthechangedpartofthecontractasacomponentoftheoriginalcontract.Theresultingimpactontherecognizedrevenuewillbeadjustedonthedateofcontractchange.
(3)Specificmethodsofrevenuerecognition
①RevenuerecognizedontimeTheGroup'ssalesofhouseholdappliances,electroniccomponents,etc.,belongtotheperformanceobligationperformedatacertainpointintime.Recognitionconditionsforincomefromdomesticsalesofgoodsandoverseasdirectsalesofgoods:TheGrouphasdeliveredtheproducttothecustomerinaccordancewiththecontractandthecustomerhasreceivedtheproduct,thepaymenthasbeenrecoveredorthereceiptofpaymenthasbeenobtained,andtherelevanteconomicbenefitsarelikelytoflowin.Themainrisksandrewardshavebeentransferred,andthelegalownershipofthegoodshasbeentransferred.Conditionsforconfirmingtheincomeofexportedgoods:TheGrouphasdeclaredtheproductsforexportaccordingtothecontract,obtainedthebilloflading,anddeliveredthegoodstothecarrierentrustedbythepurchaser.Thepaymenthasbeenrecoveredorthereceiptofpaymenthasbeenobtainedandrelevanteconomicbenefitsarelikelytoflowin.Themainrisksandrewardsofcommodityownershiphavebeentransferred,andthelegalownershipofcommoditieshasbeentransferred.
②IncomeconfirmedaccordingtotheperformanceprogressTheGroup'sbusinesscontractswithcustomersforprojectconstruction,onlineadvertising,operatingleases,etc.areperformanceobligationsperformedwithinacertainperiodoftime,andrevenueisrecognizedaccordingtotheprogressoftheperformance.
34.GovernmentGrantsThegovernmentgrantsoftheGrouparedividedintoasset-basedgrantsrelatedtoandincome-basedgrants.Asset-basedgrantsrefertothegovernmentgrantsforlong-termassetsobtainedbythepurchase,construction,andotherways.Income-basedgrantsrefertoothergrants.Ifthebeneficiariesarenotspecifiedingovernmentdocuments,theGroupwillmakethedistinctionaccordingtotheaforesaidprinciple.Beneficiarieswhicharedifficulttocategorizeshallbeclassifiedasanincome-basedgovernmentgrantasawhole.Currentelementsofgovernmentgrantsshallbemeasuredbasedontheamountactuallyreceived.Thoseshallbemeasuredaccordingtotheamountreceivablearegrantspaidaccordingtoafixed
quotastandard,orfundsthatmeettherelevantconditionsstipulatedbythefinancialsupportpolicywithconclusiveevidenceattheendoftheyearandwhichareexpectedasthefinancialsupport.Non-monetaryelementsofthegovernmentgrantsshallbemeasuredatfairvalue.Thosewhosefairvaluecannotbeobtainedreliablyshallbemeasuredatitsnominalamount(RMB1).Asset-basedgrantsshallbeusedtooffsetthecarryingvalueofrelatedassetsorpresentedasdeferredincome,andshall,overthelifeoftherelatedasset,beincludedinthecurrentprofitsandlossesbytheequalamortizationmethod.Iftherelatedassetissold,transferred,scrapped,ordamagedbeforetheendofitsusefullife,itsdeferredincomethathasnotbeendistributedshallbetransferredtothecurrentprofitandlossofassetdisposal.Income-basedgrantsthatareusedtocompensaterelatedcostsorlossesinsubsequentperiodsshallbedeemedasdeferredincomeandshallbeincludedinthecurrentprofitsandlossesduringtheperiodwhentherelatedcostsorlossesarerecognized.Governmentgrantsrelatedtoroutineactivitiesshallbeincludedinotherincomeinaccordancewiththenatureofthetransaction.Governmentgrantsnotrelatedtoroutineactivitiesshallbeincludedinnon-operatingincomeandexpenditure.TheGroupobtainsinterestgrantsonpolicy-relatedconcessionalloansintwodifferentways:theinterestsubsidyfundsareallocatedbythegovernmenteithertothelendingbankordirectlytotheGroup.Therespectiveaccountingtreatmentiscarriedoutasfollows:
(1)Wherethegovernmentallocatesthefundstothelendingbank,andthebankprovidesaloantotheGroupatapolicy-relatedpreferentialinterestrate,theactualamountoftheloanreceivedistakenastheentryvalue,andtheborrowingcostsarecalculatedbasedontheloanprincipalandthepolicy-relatedpreferentialinterestrate.
(2)WherethegovernmentallocatesthefundsdirectlytotheGroup,thegrantsareoffsetagainstborrowingcosts.WherethegovernmentgrantsthattheGrouphasrecognizedinaccountingneedtobereturned,theaccountingtreatmentinthecurrentperiodiscarriedoutasfollows:
1)Ifthebookvalueofanassetisoffsetoninitialrecognition,thebookvaluewillbeadjusted;
2)Ifthereisdeferredincome,thebookbalanceofthedeferredincomewillbeoffset,andtheexcesswillbeincludedinprofitorlossinthecurrentperiod;
3)Underanyothercircumstances,thegrantswillbeincludedinprofitorlossinthecurrentperiod.
35.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilitiesTheGroup'sdeferredtaxassetsanddeferredtaxliabilitiesarecalculatedandrecognizedbasedonthedifference(temporarydifference)betweenthetaxbaseandbookvalueoftheassetsandliabilities.Inthecaseofdeductiblelossesthatcanbedeductedfromtaxableincomeinsubsequentyearsinaccordancewiththeprovisionsofthetaxlaws,thecorrespondingdeferred
incometaxassetsarerecognized.Inthecaseoftemporarydifferencesarisingfromtheinitialrecognitionofgoodwill,thecorrespondingdeferredincometaxliabilitiesarenotrecognized.Withrespecttotemporarydifferencesarisingfromtheinitialrecognitionofanassetorliabilityinatransactionwhichisn’tabusinesscombinationandwhichaffectsneitheraccountingprofitnortaxableincome(ordeductiblelosses),thecorrespondingdeferredincometaxassetsanddeferredincometaxliabilitiesarenotrecognized.Onthebalancesheetdate,thedeferredincometaxassetsanddeferredincometaxliabilitiesaremeasuredatthetaxrateapplicabletotheperiodduringwhichtheassetsareexpectedtoberecoveredortheliabilitiesareexpectedtobesettled.TheGrouprecognizesdeferredincometaxassetstotheextentofthetaxableincomewhichitismostlikelytoobtainandwhichcanbedeductedfromdeductibletemporarydifferences,deductiblelossesandtaxcredits.
36.Leasing
(1)IdentificationofleasesTheterm"lease"referstoacontractwherebythelessortransferstherightofuseregardingtheleasedasset(s)tothelesseewithinaspecifiedtimeinexchangeforconsideration.Onthecommencementdateofthecontract,theGroupassesseswhetherthecontractisaleaseorcontainsalease.Ifapartytothecontracttransferstherightallowingthecontrolovertheuseofoneormoreassetsthathavebeenidentifiedwithinacertainperiod,inexchangeforaconsideration,suchcontractisaleaseorincludesalease.Inordertodeterminewhetherapartytothecontracttransferstherightallowingthecontrolovertheuseoftheidentifiedassetsforacertainperiodoftime,theGroupassesseswhetherthecustomersinthecontractareentitledtoobtainalmostalltheeconomicbenefitsarisingfromtheuseoftheidentifiedassetsduringtheuseperiod,andhavetherighttodominatetheuseoftheidentifiedassetsduringtheuseperiod.Ifacontractcontainsmultiplesingleleasesatthesametime,theGroupwillsplitthecontract,andconductaccountingtreatmentofeachsingleleaserespectively.Ifacontractcontainsbothleaseandnon-leasepartsatthesametime,theGroupwillsplittheleaseandnon-leasepartsforaccountingtreatment.
(2)TheGroupaslessee
1)LeaserecognitionOnthecommencementdateoftheleaseterm,theGrouprecognizestheright-of-useassetsandleaseobligationsinrespectofthelease.Fortherecognitionandmeasurementofright-of-useassetsandleaseliabilities,pleaserefertoNoteIV"25.Right-of-useassets"and"31.Leaseliabilities".
2)LeasechangeAleasechangereferstoachangeinthescope,consideration,andtermofleaseoutsidetheoriginalcontractclauses,includingtheadditionorterminationoftheoneorseveralrightstouseleaseassets,andtheextensionorreductionoftheleasetermspecifiedinthecontract.Theeffectivedateofleasechangereferstothedatewhenbothpartiesreachanagreementonleasechange.Iftheleasechangesandthefollowingconditionsaremetatthesametime,theGroupwillaccountfortheleasechangeasaseparatelease:a)Theleasechangeexpandstheleasescopeorextends
theleasetermbyincreasingtherighttouseoneormoreleasedassets;b)Theincreasedconsiderationisequivalenttotheseparatepriceoftheexpandedleasescopeortheextendedleasetermadjustedaccordingtothecontractconditions.Iftheleasechangeisnotaccountedforasaseparatelease,ontheeffectivedateoftheleasechange,theGroupwillallocatetheconsiderationofthechangedcontractinaccordancewiththerelevantprovisionsoftheleasestandardsandre-determinethechangedleaseterm.Therevisedrateofdiscountisusedtodiscountthechangedleasepaymentstoremeasuretheleaseliability.Whencalculatingthepresentvalueofthechangedleasepayments,theGroupusestheinterestrateimplicitinleaseastherateofdiscount.Iftheinterestrateimplicitinleasecannotbedetermined,theGroupadoptstheincrementalborrowingrateofthelesseeontheeffectivedateoftheleasechangeastherateofdiscount.Withregardtotheimpactoftheabove-mentionedleaseliabilityadjustment,theGroupconductsaccountingtreatmentaccordingtothefollowingsituations:a)Thelesseewillcorrespondinglyreducethebookvalueoftheright-of-useassetsandincludetheprofitorlossoftheleaseterminatedinpartorwholeinthecurrentprofitorloss,iftheleasechangenarrowsthescopeofleaseorshortenstheleaseterm.b)Thelesseewillcorrespondinglyadjustthebookvalueoftheright-of-useassets,ifotherleasechangesresultinthere-measurementoftheleaseobligation.
3)Short-termandlow-valueassetleasesForshort-termleaseswithaleasetermnotexceeding12monthsandlow-valueassetleaseswithlowervaluewhensingleleasedassetsarebrandnewassets,theGroupchoosesnottorecognizeright-of-useassetsandleaseliabilities.TheGroupincludesthepaymentsofshort-termandlow-valueassetleasesincurredduringeachperiodoftheleasetermintheprofitorlossforthecurrentperiodorthecostofrelevantassetsbythestraight-linemethod.
(3)TheGroupaslessorOnthebasisthat(1)thecontractassessedisaleaseorincludesalease,theGroup,asthelessor,classifiesleasesintofinanceleasesandoperatingleasesontheleasecommencementdate.Ifaleasesubstantiallytransfersvirtuallyallrisksandrewardsassociatedwithownershipoftheleasedasset,thelessorclassifiestheleaseasafinanceleaseandleasesotherthanfinanceleasesasoperatingleases.TheGroupusuallyclassifiesaleasethatfallsunderanyoneormoreofthefollowingcircumstancesasafinancelease:a)Whentheleasetermexpires,theownershipoftheleasedassetistransferredtothelessee;b)Thelesseehastheoptiontopurchasetheleasedasset(s).Astheagreedpurchasepriceislowenoughcomparedwiththefairvalueoftheleasedasset(s)atthetimetheoptionisexpectedtobeexercised,itcanbereasonablydeterminedattheinceptionoftheleasethatthelesseewillexercisetheoption;c)Althoughtheownershipoftheassetsisnottransferred,theleasetermaccountsformostoftheservicelifeoftheleasedassets;d)Ontheleasecommencementdate,thepresentvalueofleasereceiptsisalmostequivalenttothefairvalueofleasedassets;e)Theleasedassetsarespecialinnature,andonlythelesseecanusethemwithoutmajorrenovation.TheGroupmayalsoclassifyaleasethatfallsunderanyoneormoreofthefollowingcircumstancesasafinancelease:a)Ifthelesseecancelsthelease,lossestothelessorcausedbythecancellationwillbebornebythelessee;b)Thegainsorlossesarisingfromthefluctuationofthefairvalueoftheresidualvalueofassetsbelongtothelessee;c)Thelesseehastheabilitytocontinueleasinguntilthenexttermatarentfarbelowthemarketlevel.
1)Accountingtreatmentoffinanceleases
InitialmeasurementOnthecommencementdateoftheleaseterm,theGrouprecognizesthefinanceleasereceivablesforthefinanceleaseandderecognizestheleasedassetofthefinancelease.Itrecognizesthenetinvestmentintheleaseastheentryvalueofthefinancelease,wheninitiallymeasuringthefinanceleasereceivable.Thenetinvestmentintheleaseisthesumofthenetvalueoftheunguaranteedresidualvalueandtheleasereceivablenotreceivedonthecommencementdateoftheleasetermattheinterestrateimplicitinlease.Leasecollectionamountreferstotheamountthatthelessorshouldcollectfromthelesseefortransferringtherighttousetheleasedassetsduringtheleaseterm,including:a)Fixedpaymentamountandsubstantialfixedpaymentamountthatthelesseeneedstopay.Ifthereisleaseincentive,deducttheamountrelatedtoleaseincentive;b)Thevariableleasepaymentdependingontheindexorratio,whichisdeterminedaccordingtotheindexorratioonthecommencementdateoftheleasetermattheinitialmeasurement;c)Theexercisepriceofthepurchaseoption,providedthatitisreasonablydeterminedthatthelesseewillexercisetheoption;d)Theamounttobepaidbythelesseetoexercisetheoptiontoterminatethelease,providedthattheleasetermreflectsthatthelesseewillexercisetheoptiontoterminatethelease;e)Theresidualvalueofguaranteeprovidedtothelessorbythelessee,thepartyrelatedtothelesseeandanindependentthirdpartythathasthefinancialabilitytofulfilltheguaranteeobligation.Follow-upmeasurementTheGroupcalculatesandconfirmstheinterestincomeatafixedperiodicrateineachperiodintheleaseterm.Periodicratereferstotherateofdiscountimplicitinleaseadoptedtodeterminethenetinvestmentinthelease(inthecaseofsublease,iftheinterestrateimplicitinleaseofsubleasecannotbedetermined,therateofdiscountimplicitinoriginalleaseisadopted(adjustedaccordingtotheinitialdirectexpensesrelatedtosublease)),ortherevisedrateofdiscountdeterminedinaccordancewiththerelevantprovisionswherethechangeofthefinanceleaseisnotaccountedforasaseparateleaseandmeetstheconditionthattheleasewillbeclassifiedasafinanceleaseifthechangebecameeffectiveontheleasecommencementdate.AccountingtreatmentofleasechangeIftheleasechangesandthefollowingconditionsaremetatthesametime,theGroupwillaccountfortheleasechangeasaseparatelease:a)Theleasechangeexpandstheleasescopebyincreasingtherighttouseoneormoreleasedassets;b)Theincreasedconsiderationisequivalenttotheseparatepriceoftheexpandedleasescopeadjustedaccordingtothecontractconditions.Ifthechangeoffinanceleaseisnotaccountedforasaseparatelease,andtheconditionthattheleasewillbeclassifiedasanoperatingleaseifthechangetakeseffectontheleasecommencementdateismet,theGroupwillaccountforitasanewleasefromtheeffectivedateoftheleasechange,andtakethenetleaseinvestmentbeforetheeffectivedateoftheleasechangeasthebookvalueoftheleasedasset.
2)AccountingtreatmentofoperatingleasesTreatmentofrentTheGrouprecognizesleasereceiptsfromoperatingleasesasrentalincomeonastraight-linebasisduringeachperiodoftheleaseterm.IncentivesprovidedIftheGroupprovidesarent-freeperiod,itallocatesthetotalrentalsovertheentireleasetermwithoutdeductingtherent-freeperiodbythestraight-linemethod,andalsorecognizesrental
incomeduringtherent-freeperiod.Ifcertainexpensesofthelesseeareborne,theGroupallocatesthebalanceofrentalincomeovertheleasetermaftersuchexpensesaredeductedfromthegrossrentalincome.InitialdirectcostInitialdirectexpensesincurredbytheGroupinconnectionwithoperatingleasesshallbecapitalizedtothecostoftheleasedunderlyingassetandrecordedintheprofitsandlossesofthecurrentperiodinstagesovertheleasetermonthesamebasisofrecognitionasrentalincome.DepreciationForthefixedassetsintheassetsunderoperatinglease,theGroupadoptsthedepreciationpolicyofsimilarassetstocalculateanddistilldepreciation.Forotherassetsunderoperatinglease,theGroupamortizestheminasystematicandreasonablemanner.VariableleasepaymentsVariableleasepaymentsmadebytheGroupinrelationtooperatingleasesthatarenotincludedintheleasereceivableareincludedinthecurrentprofitorlosswhentheyareactuallyincurred.ChangeofoperatingleasesIfanoperatingleasechanges,theGroupwillregarditasanewleaseforaccountingtreatmentfromtheeffectivedateofthechange.Theadvancereceiptortheleasereceivablerelatedtotheleasepriortothechangeisrecognizedasthepaymentreceivableofthenewlease.
37.ChangesinMainAccountingPoliciesandEstimates
(1)ChangesofaccountingpoliciesOn30December2021,theMinistryofFinance("MOF")issuedAccountingStandardforBusinessEnterprises("ASBE")InterpretationNo.15(Caikuai[2021]No.35)("ASBEInterpretationNo.15").
①TheGroupimplementedtheprovisionsofASBEInterpretationNo.15"Accountingforthesaleofproductsorby-productsproducedbyanenterprisebeforeafixedassetreachesitsintendeduseablestateorinthecourseofresearchanddevelopment"issuedbytheMinistryofFinancewitheffectfrom1January2022,andthechangeinaccountingpolicyhasnoimpactontheCompany'sfinancialstatements.
②TheGrouphasimplementedtheprovisionsofASBEInterpretationNo.15"JudgmentonLoss-makingContracts"since1January2022,andthechangeinaccountingpolicyhasnoimpactontheCompany'sfinancialstatements.
(2)ChangesinAccountingEstimatesNosuchcasesintheReportingPeriod.V.Taxation
1.MainTaxesandTaxRate
Categoryoftaxes | Basis | Specificsituationofthetaxesrate |
Categoryoftaxes | Basis | Specificsituationofthetaxesrate |
VAT | CalculatedtheoutputtaxatthetaxrateandpaidtheVATbytheamountafterdeductingthedeductiblewithholdingVATatcurrentperiod,ofwhichtheVATapplicabletoeasycollectionwon’tbelongtothedeductiblewithholdingVAT. | 1%、3%、5%、6%、9%、13% |
Urbanmaintenanceandconstructiontax | Thecirculatingtaxactuallypaid | Paidat5%:DongguanKonka,XingDaHongYe,XinfengMicrocrystalline,BoluoKonkaPrecision,BoluoKonka,NingboKanghanrui,JiangsuKonkaSmart,YibinKangrun,YibinKangrunMedical,YibinKangrunEnvironmentalProtection,Jiangkang(Shanghai)Technology.Paidat3.5%:KonkaCapital.Paidat1%:JiangxiKonka,JiangxiHighTransparentSubstrate.Paidat7%:othersubsidiaries. |
Educationsurtax | Thecirculatingtaxactuallypaid | 3% |
Localeducationsurtax | Thecirculatingtaxactuallypaid | 2% |
Enterpriseincometax | Taxableincome | 25%/See2.TaxPreferenceandApprovedDocumentsfordetails |
Themaintaxpayersofdifferentcorporateincometaxratesareexplainedasfollows:
Nameofentity | Incometaxrate |
XiaojiaTechnology,ElectronicTechnology,AnhuiKonka,AnhuiTongchuang,XinfengMicrocrystalline,XingdaHongye,JiangxiKonka,JiangxiHighTransparentSubstrate,Wankaida,ChengduKonkaElectronic | 15% |
Nameofentity | Incometaxrate |
HongKongKonka,KonkaElectricalAppliancesInternationalTrading,JialiInternational,Kangjietong,JiaxinTechnology,JiaxinTechnology,KonkaElectricalAppliancesInvestment,,KonkaMobility,KowinMemory(HongKong) | 16.5% |
ChainKingdomMemoryTechnologies | 8.25%/16.5% |
KonkaEurope | 15% |
KanghaoTechnology | 22.5% |
KonkaNorthAmerica | 21% |
TheCompanyastheParentandothersubsidiaries | 25% |
Note:AccordingtoregulationsofTemporaryProvisionsofIncomeTaxofTrans-boundaryTaxPaymentEnterprisesbyStateAdministrationofTaxation,residententerpriseswithoutbusinessestablishmentorplacesoflegalpersonsshouldbetaxpaymententerpriseswiththeadministrativemeasuresofincometaxof“unifiedcomputing,level-to-leveladministration,localprepayment,liquidationsummary,andfinancetransfer”.Itcameintoforcefrom1January2008.Accordingtotheabovemethods,theCompany’ssalesbranchcompaniesineachareawillhandinthecorporateincometaxesinadvancefrom1January2008andwillbefinalsettleduniformlybytheCompanyattheyear-end.
2.TaxPreferenceandApprovedDocuments
(1)AccordingtotheNo.8announcementin2021andNo13announcementin2022issuedbyStateTaxationAdministration:Noticeontheimplementationoftheinclusivetaxreductionandexemptionpolicyforsmallandmicroenterprises,theannualtaxableincomeofsmallandprofitableenterprisesisnotTheportionexceedingRMB1millionwillbereducedto12.5%ofthetaxableincome,andthecorporateincometaxwillbepaidattherateof20%;theportionoftheannualtaxableincomeexceedingRMB1millionbutnotexceedingRMB3millionwillbereducedby25%Includethetaxableincomeandpaycorporateincometaxatarateof20%.
(2)On19December2022,XiaojiaTechnology,asubsidiaryoftheCompany,receivedthe"CertificateofHigh-techEnterprise"jointlyissuedbyShenzhenScienceandTechnologyInnovationCommittee,ShenzhenFinanceBureauandShenzhenTaxationBureauoftheStateAdministrationofTaxation,withthecertificatenumberGR202244203274,whichisvalidforthreeyears.Accordingtotherelevanttaxregulations,XiaojiaTechnologywillenjoytherelevantpreferentialtaxpoliciesregardinghigh-techenterprisesforthreeconsecutiveyearsfrom2022to2024,andpayenterpriseincometaxatapreferentialtaxrateof15%.
(3)On19December2022,ElectronicTechnology,asubsidiaryoftheCompany,receivedtheCertificateofHigh-TechEnterprisejointlyissuedbyShenzhenScienceandTechnologyInnovationCommittee,ShenzhenFinanceBureauandShenzhenTaxationBureauoftheStateAdministrationofTaxation,withthecertificatenumberGR202244205867,whichisvalidforthreeyears.Inaccordancewiththerelevanttaxregulations,ElectronicTechnologyisentitledtotherelevanttaxincentivesforthreeconsecutiveyearsfrom2022to2024toenjoytherelevanttaxpreferentialpoliciesonhigh-techenterprisesandpayenterpriseincometaxatapreferentialtaxrateof15%.
(4)On18October2022,AnhuiKonka,asubsidiaryoftheCompany,obtainedtheCertificateofHigh-TechEnterprisejointlyissuedbytheDepartmentofScienceandTechnologyofAnhuiProvince,theDepartmentofFinanceofAnhuiProvinceandtheTaxationBureauofAnhuiProvinceoftheStateAdministrationofTaxation,withthecertificatenumberGR202234002272,whichisvalidforthreeyears.Inaccordancewiththerelevanttaxregulations,AnhuiKonkaisentitledtotherelevanttaxincentivesforthreeconsecutiveyearsfrom2022to2024toenjoytherelevanttaxpreferentialpoliciesonhigh-techenterprisesandpayenterpriseincometaxatapreferentialtaxrateof15%.
(5)On18October2022,AnhuiTongchuang,asubsidiaryoftheCompany,obtainedtheCertificateofHigh-TechEnterprisejointlyissuedbytheDepartmentofScienceandTechnologyofAnhuiProvince,theDepartmentofFinanceofAnhuiProvinceandtheTaxationBureauofAnhuiProvinceoftheStateAdministrationofTaxation,withthecertificatenumberGR202234000798,whichisvalidforthreeyears.Inaccordancewiththerelevanttaxregulations,AnhuiTongchuangisentitledtotherelevanttaxincentivesforthreeconsecutiveyearsfrom2022to2024toenjoytherelevanttaxpreferentialpoliciesonhigh-techenterprisesandpayenterpriseincometaxatapreferentialtaxrateof15%.
(6)On4November2022,XinfengMicrocrystalline,asubsidiaryoftheCompany,obtainedtheCertificateofHigh-TechEnterprisejointlyissuedbytheDepartmentofScienceandTechnologyofJiangxiProvince,theDepartmentofFinanceofJiangxiProvinceandtheTaxationBureauofJiangxiProvinceoftheStateAdministrationofTaxation,withthecertificatenumberGR202236000999,whichisvalidforthreeyears.Inaccordancewiththerelevanttaxregulations,XinfengMicrocrystallineshallenjoytherelevanttaxincentivesforthreeconsecutiveyearsfrom2022to2024.Accordingtotherelevanttaxregulations,XinfengMicrocrystallineisentitledtotherelevanttaxincentivesforthreeconsecutiveyearsfrom2022to2024toenjoytherelevanttaxpreferentialpoliciesonhigh-techenterprisesandpayenterpriseincometaxatapreferentialtaxrateof15%.
(7)On20December2021,XingDaHongYe,asubsidiaryoftheCompany,obtainedthe"High-techEnterpriseCertificate"jointlyissuedbyDepartmentofScienceandTechnologyofGuangdongProvince,DepartmentofFinanceofGuangdongProvinceandGuangdongProvincialTaxServiceofStateTaxationAdministration(No.GR202144002737),whichwillbevalidforthreeyears.Accordingtorelevanttaxregulations,XingDaHongYeenjoysrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2021to2023,andpaysenterpriseincometaxatareducedrateof15%.
(8)On14September2020,JiangxiKonka,thesubsidiaryoftheCompany,obtainedahigh-techenterprisecertificatejointlyissuedbyJiangxiScienceandTechnologyDepartment,JiangxiProvincialDepartmentofFinanceandJiangxiProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR202036000802andisvalidforthreeyears.Accordingtorelevanttaxregulations,JiangxiKonkashallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2020to2022andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(9)On14September2020,JiangxiHighTransparentSubstrate,thesubsidiaryoftheCompany,obtainedahigh-techenterprisecertificatejointlyissuedbyJiangxiScienceandTechnologyDepartment,JiangxiProvincialDepartmentofFinanceandJiangxiProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR202036000568andisvalidforthreeyears.Accordingtorelevanttaxregulations,JiangxiHighTransparentSubstrateshallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2020to2022andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(10)On11December2020,Wankaida,thesubsidiaryofthisCompanyobtainedthehigh-techenterprisecertificate(certificateNo.:GR202044201940)jointlyissuedbyShenzhenTechnologyInnovationCommittee,FinanceCommitteeofShenzhenMunicipality,ShenzhenTaxationBureauofSATwithavalidperiodofthreeyears.Accordingtorelatedtaxationregulations,Wankaidaenjoysrelatedtaxationpreferentialpoliciesasahigh-techenterprisefrom2020to2022andpaystheenterpriseincometaxasperthepreferentialtaxrateof15%.
(11)InaccordancewiththeNoticeonTaxPolicyIssuesInvolvedintheFurtherImplementationoftheWesternDevelopmentStrategy(C.S.[2011]No.58)andtheAnnouncementonCorporateIncomeTaxIssuesInvolvedintheFurtherImplementationoftheWesternDevelopmentStrategy(Announcement[2012]No.12bytheStateTaxationAdministration),anenterpriseestablishedinthewesternregionwhoismainlyengagedinanindustryspecifiedintheCatalogueofEncouragedIndustriesintheWesternRegionandwhosemainbusinessincomeaccountsforover60%ofitsgrossincomeinthecurrentyear,isentitledtoareducedcorporateincometaxrateof15%.ChongqingKangxingruiandChengduKonkaElectronic,subsidiariesoftheCompany,areeligibleforthispreferentialtaxpolicy.
(12)Accordingtothefiscalandtaxationdocument[2011]No.100publishedbytheMinistryofFinanceandtheStateAdministrationofTaxation,fortheVATgeneraltaxpayerswhoselltheirself-developedandproducedsoftwareproducts,theVATshallbeleviedattherateof13%,andthenthepartthattheactualtaxburdenontheirVATexceeds3willbeimplementedwiththepolicyofimmediatewithdrawal.TheCompany’ssubsidiaries,WankaidaTechnology,ElectronicsTechnologyandAnhuiTongchuangallenjoythispreferentialpolicy.VI.NotestoMajorItemsintheConsolidatedFinancialStatementsoftheCompanyRegardingthefollowingdisclosuresinrelationtothefinancialstatements,unlessotherwisespecified,theperiod-beginrefersto1January2022,theperiod-endrefersto31December2022,thisperiodreferstotheperiodfrom1January2022to31December2022andthelastyearreferstotheperiodfrom1January2021to31December2021.ThemonetaryunitisRMB.
1.MonetaryAssets
Item | Endingbalance | Beginningbalance |
Cashonhand | 14.78 | 363.22 |
Bankdeposits | 5,473,400,175.52 | 5,968,346,855.81 |
Othermonetaryassets | 514,695,300.41 | 521,205,992.21 |
Total | 5,988,095,490.71 | 6,489,553,211.24 |
Ofwhich:totalamountdepositedoverseas | 137,008,617.40 | 167,359,880.91 |
Note:Theendingbalanceofothermonetaryfundsmainlyincludesmargindeposits,financialsupervisionaccountfunds,WeChat,Alipayandotherplatformaccountsandotherdepositssubjecttouserestrictions.Fordetails,see"NoteVI,65,AssetswithRestrictedOwnershiporUseRights".
2.NotesReceivable
(1)NotesReceivableListedbyCategory
Item | Endingbalance | Openingbalance |
Bank’sacceptancebill | 709,558,838.75 | 1,215,753,215.01 |
Commercialacceptancebill | 350,178,404.79 | 561,724,266.27 |
Total | 1,059,737,243.54 | 1,777,477,481.28 |
(2)NotesReceivablePledgedbytheCompanyatthePeriod-end
Item | Amount |
Bank’sacceptancebill | 504,958,051.41 |
Item | Amount |
Commercialacceptancebill | |
Total | 504,958,051.41 |
(3)NotesReceivablewhichHadEndorsedbytheCompanyorhadDiscountedandhadnotDueontheBalanceSheetDateatthePeriod-end
Item | Amountofrecognitionterminationattheperiod-end | Amountofnotterminatedrecognitionattheperiod-end |
Bank’sacceptancebill | 1,062,929,117.11 | |
Commercialacceptancebill | 35,251,562.48 | |
Total | 1,062,929,117.11 | 35,251,562.48 |
(4)NotesTransferredtoAccountsReceivablebecauseDraweroftheNotesFailedtoExecutetheContractorAgreementNosuchcasesintheReportingPeriod.
(5)ListedbyWithdrawalMethodsforBadDebtProvision
Category | Endingbalance | ||||
Carryingamount | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Provisionforbaddebtsprovidedindividually | |||||
Baddebtprovisionmadeasperportfolio | 1,067,029,648.07 | 100.00 | 7,292,404.53 | 0.68 | 1,059,737,243.54 |
Ofwhich:Bankacceptancebill | 709,558,838.75 | 66.50 | 709,558,838.75 | ||
Commercialacceptancebill | 357,470,809.32 | 33.50 | 7,292,404.53 | 2.04 | 350,178,404.79 |
Total | 1,067,029,648.07 | 100.00 | 7,292,404.53 | 0.68 | 1,059,737,243.54 |
(Continued)
Category | Beginningbalance | ||||
Carryingamount | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Provisionforbaddebtsprovidedindividually | |||||
Baddebtprovisionmadeasperportfolio | 1,789,175,291.65 | 100.00 | 11,697,810.37 | 0.65 | 1,777,477,481.28 |
Ofwhich:Bankacceptancebill | 1,215,753,215.01 | 67.95 | 1,215,753,215.01 | ||
Commercialacceptancebill | 573,422,076.64 | 32.05 | 11,697,810.37 | 2.04 | 561,724,266.27 |
Total | 1,789,175,291.65 | 100.00 | 11,697,810.37 | 0.65 | 1,777,477,481.28 |
Inthegroup,theprovisionforexpectedcreditlossoncommercialacceptancebillswasmadeaccordingtoaging
Name | Endingbalance | ||
Carryingamount | Baddebtprovision | Withdrawalproportion(%) | |
Within1year | 357,470,809.32 | 7,292,404.53 | 2.04 |
Total | 357,470,809.32 | 7,292,404.53 | 2.04 |
(6)Baddebtprovisionfornotesreceivablewithdrawn,collectedorreversedduringtheReportingPeriod
Category | Beginningbalance | Changedamount | Endingbalance | |||
Withdrawal | Collectedorreversed | Write-offorverified | Other | |||
Commercialacceptancebill | 11,697,810.37 | 8,112,015.62 | 12,517,421.46 | 7,292,404.53 | ||
Bank’s |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
Category | Beginningbalance | Changedamount | Endingbalance | |||
Withdrawal | Collectedorreversed | Write-offorverified | Other | |||
acceptancebill | ||||||
Total | 11,697,810.37 | 8,112,015.62 | 12,517,421.46 | 7,292,404.53 |
(7)NotesreceivableactuallywrittenoffinthecurrentperiodThereisnonotesreceivableactuallywrittenoffinthecurrentperiod.
3.AccountsReceivable
(1)AccountsReceivableListedbyWithdrawalMethodsforBadDebts
Category | Endingbalance | ||||
Carryingamount | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Accountsreceivable,forwhichtheindependentprovisionforexpectedcreditlosses | 1,487,466,561.80 | 40.11 | 1,350,460,284.27 | 90.79 | 137,006,277.53 |
Accountsreceivable,forwhichtheprovisionforexpectedcreditlosseswaswithdrawnaccordingtogroups | |||||
Ofwhich:aginggroup | 2,221,448,326.94 | 59.89 | 321,719,768.25 | 14.48 | 1,899,728,558.69 |
Subtotalofgroups | 2,221,448,326.94 | 59.89 | 321,719,768.25 | 14.48 | 1,899,728,558.69 |
Total | 3,708,914,888.74 | 100.00 | 1,672,180,052.52 | 45.09 | 2,036,734,836.22 |
(Continued)
Category | Beginningbalance | ||||
Carryingamount | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Accountsreceivable,forwhichtheindependentprovisionforexpectedcreditlosses | 1,608,537,820.30 | 33.82 | 1,061,967,130.77 | 66.02 | 546,570,689.53 |
Accountsreceivable,forwhichtheprovisionforexpectedcreditlosseswaswithdrawnaccordingtogroups | |||||
Ofwhich:aginggroup | 3,148,039,065.69 | 66.18 | 296,880,274.15 | 9.43 | 2,851,158,791.54 |
Subtotalofgroups | 3,148,039,065.69 | 66.18 | 296,880,274.15 | 9.43 | 2,851,158,791.54 |
Total | 4,756,576,885.99 | 100.00 | 1,358,847,404.92 | 28.57 | 3,397,729,481.07 |
1)Accountsreceivable,forwhich,theindependentprovisionforexpectedcreditlossismadeattheperiod-end
Name | Endingbalance | |||
Carryingamount | Baddebtprovision | Withdrawalproportion(%) | Withdrawalreason | |
ShanghaiHuaxinInternationalGroupCo.,Ltd. | 299,136,676.70 | 293,153,943.17 | 98.00 | Expectedtobedifficulttorecover |
Name | Endingbalance | |||
Carryingamount | Baddebtprovision | Withdrawalproportion(%) | Withdrawalreason | |
HongtuSanbaoHigh-techTechnologyCo.,Ltd. | 200,000,000.00 | 160,000,000.00 | 80.00 | Agreementreorganization |
ShenzhenYaodeTechnologyCo.,Ltd. | 143,135,135.62 | 121,664,865.28 | 85.00 | Expectedtobedifficulttorecover |
GuanganOuqishiElectronicTechnologyCo.,Ltd. | 113,230,553.53 | 110,965,942.46 | 98.00 | Expectedtobedifficulttorecover |
GuangxiBGNewMaterialsCo.,Ltd. | 83,396,556.37 | 81,728,625.24 | 98.00 | Expectedtobedifficulttorecover |
ZhongfuTiangongConstructionGroupCo.,Ltd. | 71,589,096.65 | 53,691,822.49 | 75.00 | Expectedtobedifficulttorecover |
GomeCustomization(Tianjin)HomeAppliancesCo.,Ltd. | 59,569,295.02 | 35,741,577.01 | 60.00 | Highercreditrisk |
No.1EngineeringCompanyLtd.ofCCCCFirstHarborEngineeringCompanyLtd. | 65,221,300.00 | 65,221,300.00 | 100.00 | Expectedtobedifficulttorecover |
XingdaHongye(Hk)Limited | 51,902,301.95 | 51,902,301.95 | 100.00 | Expectedtobedifficulttorecover |
ChinaEnergyPowerFuelCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | 100.00 | Expectedtobedifficulttorecover |
Others | 350,285,645.96 | 326,389,906.67 | 93.18 | Expectedtobedifficulttorecover |
Total | 1,487,466,561.80 | 1,350,460,284.27 |
2)Accountsreceivable,forwhichtheprovisionforexpectedcreditlosseswaswithdrawnaccordingtogroups
Aging | Endingbalance | ||
Carryingamount | Baddebtprovision | Withdrawalproportion(%) | |
Within1year | 1,627,108,997.86 | 33,193,023.51 | 2.04 |
1to2years | 160,485,489.75 | 16,080,646.09 | 10.02 |
2-3years | 172,032,450.77 | 39,034,163.05 | 22.69 |
3-4years | 80,892,519.74 | 52,483,066.78 | 64.88 |
Aging | Endingbalance | ||
Carryingamount | Baddebtprovision | Withdrawalproportion(%) | |
Over4years | 180,928,868.82 | 180,928,868.82 | 100.00 |
Total | 2,221,448,326.94 | 321,719,768.25 | 14.48 |
Thisportfolioisrecognizedbasedontheagingcharacteristicsofaccountsreceivable,andthewithdrawalproportionofbaddebtprovisionisrecognizedbasedonthehistoricallossrateandforward-lookingfactors.
(2)AccountsReceivableListedbyAging
Aging | Endingbalance |
Within1year | 1,708,338,208.62 |
1to2years | 163,165,760.88 |
2to3years | 267,210,849.90 |
3to4years | 671,539,902.08 |
Over4years | 898,660,167.26 |
Subtotal | 3,708,914,888.74 |
Less:baddebtprovision | 1,672,180,052.52 |
Total | 2,036,734,836.22 |
(3)BaddebtprovisionforaccountsreceivableduringtheReportingPeriod
Category | Beginningbalance | Changedamount | |
Withdrawal | Collectedorreversed | ||
Baddebtprovisionofaccountsreceivable | 1,358,847,404.92 | 454,228,913.77 | 17,074,349.72 |
Total | 1,358,847,404.92 | 454,228,913.77 | 17,074,349.72 |
(Continued)
Category | Changedamount | Endingbalance | |
Write-offorverified | Decreaseforotherreasons | ||
Baddebtprovisionofaccountsreceivable | 134,980,802.82 | -11,158,886.37 | 1,672,180,052.52 |
Total | 134,980,802.82 | -11,158,886.37 | 1,672,180,052.52 |
Note:ThedebtrestructuringofTianjinPropertyGroupFinanceCo.,Ltd.resultedinadecreaseofRMB100,000,000.00.OtherreasonsforthereductionofRMB11,219,324.62duetoexchangeratechanges,andRMB60,438.25duetothelossofcontrol.
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
(4)AccountsreceivableactuallyverifiedduringtheReportingPeriod
Item | Amountverified |
Actuallyverifiedaccountsreceivable | 34,980,802.82 |
Ofwhichtheverificationofsignificantaccountsreceivable:
Nameofentity | Nature | VerificationAmount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions | |
ASANZOGROUPJOINTSTOCKCOMPANY | Paymentforgoods | 6,572,331.70 | Expectedtobeunrecoverable | ApprovedbytheBoardofDirectors | No | |
ASANZOVIETNAMELECTRONICJOINTSTOCKCOMPANY | Paymentforgoods | 4,683,514.23 | Expectedtobeunrecoverable | ApprovedbytheBoardofDirectors | No | |
Xi'anHuajinTechnologyTradeCo.,Ltd. | Paymentforgoods | 4,508,000.00 | Expectedtobeunrecoverable | ApprovedbytheBoardofDirectors | No | |
ShantanInnovations | Paymentforgoods | 2,951,754.15 | Expectedtobeunrecoverable | ApprovedbytheBoardofDirectors | No | |
ASANZOMEDIAANDENT | Paymentforgoods | 2,127,153.73 | Expectedtobeunrecoverable | ApprovedbytheBoardofDirectors | No | |
ShenzhenZhongbailongIndustrialDevelopmentCo.,Ltd. | Paymentforgoods | 2,086,034.00 | Expectedtobeunrecoverable | ApprovedbytheBoardofDirectors | No | |
Total | 22,928,787.81 |
(5)Top5oftheEndingBalanceoftheAccountsReceivableCollectedaccordingtotheArrearsPartyThetotalamountoftopfiveofaccountreceivableofendingbalancecollectedbyarrearspartywasRMB1,100,214,633.59,accountingfor29.66%oftotalclosingbalanceofaccountreceivable,therelevantendingbalanceofbaddebtprovisionwithdrawnwasRMB584,194,373.72.
(6)AccountsReceivableDerecognizedduetotheTransferofFinancialAssetsTherewasnoaccountsreceivablederecognizedfortransferoffinancialassets.
(7)AmountofAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofAccountsReceivableThereisnoamountofassetsandliabilitiesformedduetothetransferofaccountsreceivableandcontinuedinvolvementinReportingPeriod.
4.AccountsReceivableFinancing
Item | Endingbalance | Beginningbalance |
NotesReceivable | 237,187,228.44 | 71,490,688.54 |
Total | 237,187,228.44 | 71,490,688.54 |
5.Prepayments
(1)Ageofprepayments
Item | Endingbalance | Beginningbalance | ||
Amount | Proportion(%) | Amount | Proportion(%) | |
Within1year | 332,218,631.50 | 85.20 | 602,386,221.38 | 95.41 |
1to2years | 52,945,431.22 | 13.58 | 20,098,838.22 | 3.18 |
2-3years | 4,191,405.92 | 1.07 | 8,614,486.12 | 1.36 |
Over3years | 592,183.75 | 0.15 | 301,408.14 | 0.05 |
Total | 389,947,652.39 | 100.00 | 631,400,953.86 | 100.00 |
Note:TheamountofprepaymentsagedoveroneyearattheendoftheperiodisRMB57,729,020.89,accountingfor14.80%ofthetotalbalanceofprepaymentsoftheCompany,andconsistsmainlyofunsettledpayments.
(2)PrepaymentstoSuppliersfromTop5PrepaidPartiesClassifiedbasedontheEndingBalanceThetotalamountofprepaymentswithtop5endingbalancecollectedbyprepaidpartywasRMB143,766,927.84,accountingfor36.87%ofthetotalendingbalanceofprepayments.
6.OtherReceivables
Item | Endingbalance | Openingbalance |
Interestsreceivable | 3,878,580.64 | 2,573,082.79 |
Dividendsreceivable | 272,999.43 | |
OtherReceivables | 1,437,973,265.51 | 1,834,886,622.85 |
Total | 1,442,124,845.58 | 1,837,459,705.64 |
6.1InterestsReceivable
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
(1)CategoryofInterestsReceivable
Item | Endingbalance | Openingbalance |
Interestontermdeposits | 3,878,580.64 | 2,002,526.91 |
Factoringinterest | 570,555.88 | |
Total | 3,878,580.64 | 2,573,082.79 |
(2)WithdrawalofBadDebtProvisionforInterestsReceivableTheGroupdidnothaveimpairedinterestsreceivable.
6.2DividendsReceivable
(1)CategoryofDividendsReceivable
Item(orinvestee) | Endingbalance | Openingbalance |
ChongqingQingjiaElectronicsCo.,Ltd. | 272,999.43 | |
Total | 272,999.43 |
6.3OtherReceivables
(1)ClassifiedbyAccountNature
Nature | Endingcarryingbalance | Openingcarryingbalance |
Depositandmargin | 1,411,807,968.60 | 1,356,193,440.22 |
Intercoursefundsamongminorityshareholdersinthebusinessconsolidationnotunderthesamecontrolandrelatedparties | 176,571,471.89 | 173,487,141.27 |
Energy-savingsubsidiesreceivable | 152,399,342.00 | 152,399,342.00 |
Others | 1,523,970,760.63 | 1,489,929,312.88 |
Total | 3,264,749,543.12 | 3,172,009,236.37 |
(2)WithdrawalofBadDebtProvisionforOtherReceivables
Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
Balanceasat1January2022 | 17,419,904.57 | 182,212,040.32 | 1,137,490,668.63 | 1,337,122,613.52 |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
IntheReportingPeriod,carryingamountofotherreceivableson1January2022 | -8,819,408.46 | 5,698,496.85 | 3,120,911.61 | |
——TransferredtothePhaseII | -8,819,408.46 | 8,819,408.46 | ||
——TransferredtothePhaseIII | -3,120,911.61 | 3,120,911.61 | ||
——TransferredbacktothePhaseII | ||||
——TransferredbacktothePhaseI | ||||
Provisionmadeinthecurrentperiod | 197,326,914.52 | 324,641,320.72 | 521,968,235.24 | |
Amounttransferredbackinthecurrentyear | 4,783,363.92 | 49,010.00 | 4,832,373.92 | |
Write-off | ||||
Verification | 2,368,413.91 | 27,727,482.07 | 30,095,895.98 | |
Otherchanges | 2,658,242.31 | -44,543.56 | 2,613,698.75 | |
Balanceasat31December2022 | 6,475,374.50 | 382,824,494.22 | 1,437,476,408.89 | 1,826,776,277.61 |
Note:Thefirststageisthatcreditriskhasnotincreasedsignificantlysinceinitialrecognition.Forotherreceivableswithanagingportfolioandalow-riskportfoliowithin1year,thelossprovisionismeasuredaccordingtotheexpectedcreditlossesinthenext12months.
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
Thesecondstageisthatcreditriskhasincreasedsignificantlysinceinitialrecognitionbutcreditimpairmenthasnotyetoccurred.Forotherreceivableswithanagingportfolioandalow-riskportfoliothatexceed1year,thelossprovisionismeasuredbasedontheexpectedcreditlossesfortheentireduration.Thethirdstageisthecreditimpairmentafterinitialconfirmation.Forotherreceivablesofcreditimpairmentthathaveoccurred,thelossprovisionismeasuredaccordingtothecreditlossesthathaveoccurredthroughouttheduration.
(3)Withdrawingbaddebtprovisionforotherreceivablesaccordingtogroup
Category | Endingbalance | ||||
Carryingamount | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion | ||
Otherreceivableswithsignificantindividualamountandmakeindependentprovisionforexpectedcreditloss | 1,461,191,467.51 | 44.76 | 1,437,476,408.89 | 98.38 | 23,715,058.62 |
Otherreceivableswithdrawnbaddebtprovisionaccordingtocreditriskscharacteristics | |||||
Ofwhich:Aginggroup | 1,342,397,234.31 | 41.12 | 372,315,645.78 | 27.74 | 970,081,588.53 |
Low-riskgroup | 461,160,841.30 | 14.12 | 16,984,222.94 | 3.68 | 444,176,618.36 |
Subtotalofgroups | 1,803,558,075.61 | 55.24 | 389,299,868.72 | 21.59 | 1,414,258,206.89 |
Category | Endingbalance | ||||
Carryingamount | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion | ||
Total | 3,264,749,543.12 | 100.00 | 1,826,776,277.61 | 55.95 | 1,437,973,265.51 |
(Continued)
Category | Beginningbalance | ||||
Carryingamount | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion | ||
Otherreceivableswithsignificantindividualamountandmakeindependentprovisionforexpectedcreditloss | 1,458,258,132.07 | 45.97 | 1,137,490,668.63 | 78.00 | 320,767,463.44 |
Otherreceivableswithdrawnbaddebtprovisionaccordingtocreditriskscharacteristics | |||||
Ofwhich:Aginggroup | 1,494,744,336.27 | 47.13 | 188,949,294.11 | 12.64 | 1,305,795,042.16 |
Low-riskgroup | 219,006,768.03 | 6.90 | 10,682,650.78 | 4.88 | 208,324,117.25 |
Subtotalofgroups | 1,713,751,104.30 | 54.03 | 199,631,944.89 | 11.65 | 1,514,119,159.41 |
Category | Beginningbalance | ||||
Carryingamount | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion | ||
Total | 3,172,009,236.37 | 100.00 | 1,337,122,613.52 | 42.15 | 1,834,886,622.85 |
(4)Listedbyaging
Aging | Endingbalance |
Within1year | 531,774,524.39 |
1to2years | 551,601,162.73 |
2-3years | 688,602,155.02 |
3-4years | 1,096,771,140.67 |
4-5years | 201,058,646.10 |
Over5years | 194,941,914.21 |
Subtotal | 3,264,749,543.12 |
Less:baddebtprovision | 1,826,776,277.61 |
Total | 1,437,973,265.51 |
(5)BadDebtProvisionforOtherReceivablesTheamountofbaddebtprovisionwithdrawnthisyearwasRMB517,135,861.32,mainlybecausetheexpectedcreditlossoftheadvanceddepositandqualityreparationsreceivableforthewholedurationwaswithdrawnbecausethesupplierofthesubsidiaryKonkaHuanjiawasinabnormalbusinessstatusandcouldnotmakedeliveryorrefundtheadvanceddepositintheshortterm.TherewasadecreaseamountingtoRMB122,818.70duetoalossofcontrollingrightoverthesubsidiary,anincreaseamountingtoRMB2,736,517.45duetoexchangeratechanges,andddecreaseofRMB30,095,895.98duetoverifiedwriteoffs.
(6)OtherReceivablesActuallyWrittenoffintheReportingPeriod
Item | Amountwrittenoff |
Otherreceivablesactuallywrittenoff | 35,665,095.98 |
(7)OtherReceivableswithTop5EndingBalancesCollectedbyArrearsPartyThetotalamountofotherreceivableswithtop5endingbalancecollectedbyarrearspartyintheReportingPeriodwasRMB1,467,347,627.97,accountingfor44.95%ofthetotalendingbalance
ofotherreceivables.ThetotalendingbalanceofbaddebtprovisioncorrespondinglywithdrawnwasRMB547,785,002.00.
(8)OtherReceivablesDerecognizedduetotheTransferofFinancialAssetsTherewerenootherreceivablesderecognizedduetothetransferoffinancialassetsduringtheReportingPeriod.
(9)AmountofAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofOtherReceivablesTherewerenoassetsorliabilitiesformedduetothetransferandthecontinuedinvolvementofotherreceivablesduringtheReportingPeriod.
7.Inventories
(1)CategoryofInventories
Item | Endingbalance | ||
Carryingbalance | Inventoryfallingpricereserves/impairmentprovisionofcontractperformancecosts | Carryingvalue | |
Rawmaterials | 1,168,223,234.28 | 64,695,751.94 | 1,103,527,482.34 |
Semi-finishedproducts | 145,186,803.18 | 37,339,815.90 | 107,846,987.28 |
Productsonhand | 3,316,097,782.82 | 270,664,206.34 | 3,045,433,576.48 |
Commissionedproducts | 2,862,799.75 | 2,862,799.75 | |
Contractperformancecosts | 254,159.33 | 254,159.33 | |
Developmentcosts | 149,842,751.04 | 149,842,751.04 | |
Total | 4,782,467,530.40 | 372,699,774.18 | 4,409,767,756.22 |
(continued)
Item | Beginningbalance | ||
Carryingbalance | Inventoryfallingpricereserves/impairmentprovisionofcontractperformancecosts | Carryingvalue | |
Rawmaterials | 1,297,747,452.36 | 56,921,789.83 | 1,240,825,662.53 |
Semi-finishedproducts | 188,626,889.60 | 36,212,915.54 | 152,413,974.06 |
Productsonhand | 2,925,212,679.95 | 252,742,763.86 | 2,672,469,916.09 |
Item | Beginningbalance | ||
Carryingbalance | Inventoryfallingpricereserves/impairmentprovisionofcontractperformancecosts | Carryingvalue | |
Commissionedproducts | 2,574,097.17 | 2,574,097.17 | |
Contractperformancecosts | 254,159.33 | 254,159.33 | |
Developmentcosts | |||
Total | 4,414,415,278.41 | 345,877,469.23 | 4,068,537,809.18 |
(2)Inventoryfallingpricereservesandimpairmentprovisionofcontractperformancecosts
Item | Beginningbalance | Increased | |
Withdrawnortransferredback | Others | ||
Rawmaterials | 56,921,789.83 | 70,103,713.00 | |
Semi-finishedproducts | 36,212,915.54 | 2,165,316.60 | |
Productsonhand | 252,742,763.86 | 84,294,399.03 | |
Commissionedproducts | |||
Contractperformancecosts | |||
Developmentcosts | |||
Total | 345,877,469.23 | 156,563,428.63 |
(Continued)
Item | Decreased | Endingbalance | |
Write-off | Other | ||
Rawmaterials | 61,949,071.27 | 380,679.62 | 64,695,751.94 |
Semi-finishedproducts | 1,038,416.24 | 37,339,815.90 | |
Productsonhand | 65,588,454.19 | 784,502.36 | 270,664,206.34 |
Commissionedproducts | |||
Contractperformancecosts | |||
Developmentcosts | |||
Total | 128,575,941.70 | 1,165,181.98 | 372,699,774.18 |
SpecificbasisfordeterminingtherealizablenetvalueandreasonsforinventoryfallingpricereservesandimpairmentprovisionforcontractperformancecoststransferredbackorwrittenoffduringtheReportingPeriod:
Item | Specificbasisforwithdrawalofinventoryfallingpricereserves | Reasonsforwrite-offofinventoryfallingpricereservesintheReportingPeriod |
Rawmaterials | Therealizablenetvaluewaslowerthanthecarryingvalue | TheyhavebeensoldorcollectedintheReportingPeriod |
Semi-finishedproducts | Therealizablenetvaluewaslowerthanthecarryingvalue | TheyhavebeensoldorcollectedintheReportingPeriod |
Productsonhand | Therealizablenetvaluewaslowerthanthecarryingvalue | TheyhavebeensoldintheReportingPeriod |
8.CurrentPortionofNon-currentAssets
Item | Endingbalance | Beginningbalance | Nature |
Currentportionoflong-termreceivable | 14,630,000.00 | 28,105,523.78 | Financeleasingamount |
Total | 14,630,000.00 | 28,105,523.78 |
9.OtherCurrentAssets
Item | Endingbalance | Beginningbalance |
Principalandinterestsofentrustedloanstoassociatedenterprises | 1,544,592,633.44 | 1,624,197,904.35 |
Prepaymentsanddeductibletaxes,andrefundoftaxforexportreceivable | 457,991,464.58 | 649,198,781.95 |
Expensestobedeferred | 17,278,894.58 | |
Costsreceivableforreturninggoods | 14,214,651.96 | 21,501,882.70 |
Others | 4,763,581.27 | 5,064,822.24 |
Total | 2,038,841,225.83 | 2,299,963,391.24 |
10.Long-termReceivables
Item | Endingbalance | ||
Carryingamount | Baddebtprovision | Carryingvalue | |
Financeleasingamount | |||
Ofwhich:unrealizedfinancingincome | |||
Cashdepositsoflong-termreceivables | 15,430,400.00 | 15,430,400.00 |
Item | Endingbalance | ||
Carryingamount | Baddebtprovision | Carryingvalue | |
Long-termreceivablesofprojectswithfranchiserights | |||
Less:Long-termreceivablesduewithinoneyear(SeeNoteVI-8fordetails.) | 14,630,000.00 | 14,630,000.00 | |
Total | 800,400.00 | 800,400.00 |
(Continued)
Item | Beginningbalance | |||
Carryingamount | Baddebtprovision | Carryingvalue | ||
Financeleasingamount | 10,960,622.92 | 10,960,622.92 | ||
Ofwhich:unrealizedfinancingincome | 390,068.94 | 390,068.94 | ||
Cashdepositsoflong-termreceivables | 35,640,400.00 | 35,640,400.00 | ||
Long-termreceivablesofprojectswithfranchiserights | ||||
Less:Long-termreceivablesduewithinoneyear(SeeNoteVI-8fordetails.) | 28,105,523.78 | 28,105,523.78 | ||
Total | 18,495,499.14 | 18,495,499.14 |
11.Long-termEquityInvestments
Investee | Openingbalance | Increase/decrease | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
KonkaVenturesDevelopment(Shenzhen)Co.,Ltd.(formerly“KonkaVenturesDevelopment(Shenzhen)Co.,Ltd.”) | 4,895,096.41 | 68,062.48 | ||||
NanjingZhihuiguangInformationTechnologyResearchInstituteCo.,Ltd. | 1,642,793.07 | 43,797.97 | ||||
FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | 10,468,555.83 | 123,048.04 | ||||
ShenzhenKangyueEnterpriseCo.,Ltd. | 32,504,265.03 | -271,849.15 | ||||
FoshanPearlRiverMediaCreativeParkCulturalDevelopmentCo.,Ltd. | 4,179,700.00 | -1,345,332.96 | ||||
KangkaiTechnologyService(Chengdu)Co.,Ltd. | 228,931.64 | -19,883.32 | ||||
PuchuangJiakangTechnologyCo,Ltd. | 1,836,583.36 | 1,821,901.35 | ||||
ChongqingQingjiaElectronicsCo., | 15,034,341.13 | 437,734.72 |
Investee | Openingbalance | Increase/decrease | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
Ltd. | ||||||
ShenzhenJielunteTechnologyCo.,Ltd. | 94,278,354.91 | 5,470,240.06 | ||||
PanxuIntelligenceCo.,Ltd. | 52,366,635.10 | 1,801,410.64 | -2,775,874.28 | |||
OrientExcellent(Zhuhai)AssetManagementCo.,Ltd. | 5,077,777.37 | 2,405,086.69 | ||||
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | 467,638,787.38 | 5,076,700.00 | 11,190,298.97 | |||
TongxiangWuzhenKunyuEquityInvestmentCo.,Ltd. | 3,528,077.43 | -315.79 | ||||
ShenzhenRF-LINKTechnologyCo.,Ltd. | ||||||
AnhuiKaikaiShijieE-commerceCo.,Ltd. | 418,721,305.96 | |||||
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 317,101,869.51 | -3,617,175.94 | ||||
ChutianDragonCo.,Ltd. | 647,490,626.93 | 141,928,645.31 | 22,575,475.16 | |||
HelongjiangLongkangZhijia | 1,117,531.32 | 1,157,647.82 | 40,116.50 |
Investee | Openingbalance | Increase/decrease | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
TechnologyCo.,Ltd. | ||||||
ShaanxiSiluYunqiSmartTechnologyCo.,Ltd. | 14,113,227.58 | -779,528.80 | ||||
ShenzhenKanghongxingSmartTechnologyCo.,Ltd. | ||||||
ShenzhenZhongbingKonkaTechnologyCo.,Ltd. | ||||||
ShenzhenBosserNewMaterialsCo.,Ltd. | 60,453,041.59 | 61,777,797.03 | 1,324,755.44 | |||
ShenzhenYaodeTechnologyCo.,Ltd. | ||||||
WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 325,645,840.91 | 29,420,000.00 | ||||
ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 49,658,397.02 | |||||
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 118,122,798.37 | 157,735,900.00 | ||||
NantongKangjianTechnologyIndustrialParkOperationsand | 116,294,808.94 | -8,984,779.08 |
Investee | Openingbalance | Increase/decrease | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
ManagementCo.,Ltd.(formerly“HaimenKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd.”) | ||||||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 185,277,588.25 | -1,966,765.00 | ||||
DongguanGuankangYuhongInvestmentCo.,Ltd.(formerly“DongguanKonkaInvestmentCo.,Ltd.”) | 539,103,920.30 | -17,762,197.93 | ||||
ShenzhenMorsemiSemiconductorTechnologyCo.,Ltd. | 2,395,748.73 | -2,395,748.73 | ||||
ShandongEconTechnologyCo.,Ltd. | 1,024,944,000.00 | 85,859,095.13 | ||||
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | 6,920,620.00 | 31,031.72 | ||||
ChongqingE2infoTechnologyCo.,Ltd.(formerly“ShenzhenE2infoNetworkTechnologyCo.,Ltd.”) | 1,018,795,584.41 | 23,227,717.58 | 27,683,195.76 |
Investee | Openingbalance | Increase/decrease | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 76,721,264.91 | -4,400,788.07 | ||||
E3(Hainan)TechnologyCo.,Ltd. | 58,715,678.97 | -7,423.93 | ||||
ShenzhenKonkaJiapinIntelligentElectricalApparatusCo.,Ltd. | 3,921,788.17 | 1,449,576.70 | ||||
ShenzhenKondaE-displayCo.,Ltd. | 82,930,520.62 | 174,430.51 | ||||
ChongqingYuanlvBenpaoRealEstateCo.,Ltd. | 33,459,820.85 | 261,753.11 | ||||
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 5,702,518.20 | -2,291,365.10 | ||||
YantaiKangtangConstructionDevelopmentCo.,Ltd. | 17,740.49 | 214,857.15 | ||||
DongguanKangzhihuiElectronicsCo.,Ltd. | 23,528,224.46 | 470,400.00 | ||||
SichuanHuayiJiakangTechnologyCo.,Ltd. | 339,893.32 | -218,489.42 | ||||
SichuanAimijiakangTechnologyCo.,Ltd. | 2,000,138.36 | -414,377.27 | ||||
BeijingKonkaJingyuanTechnology | 766,290.97 | -32,458.13 |
Investee | Openingbalance | Increase/decrease | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
Co.,Ltd. | ||||||
ChongqingLiangshanEnterpriseManagementCo.,Ltd. | 53,673.48 | 68,128.85 | ||||
ShenzhenKangeneTechnologyInnovationDevelopmentCo.,Ltd. | 907,025.65 | 60,298.27 | ||||
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | 1,478,689.46 | -104,708.20 | ||||
HenanKangfeiIntelligentElectricalAppliancesCo.,Ltd. | 1,832,647.54 | -649,684.08 | ||||
RunxinMicroelectronic(Dalian)Co,Ltd.(formerly“DalianXinguanTechnologyCo.,Ltd.”) | 47,509,494.92 | 47,509,494.92 | ||||
GuangdongKangyuanSemiconductorCo.,Ltd. | 9,214,309.08 | 6,680,000.00 | -3,117,226.80 | |||
ChongqingKangyiqingTechnologyCo.,Ltd. | 795,085.13 | 215,598.78 | ||||
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd. | 11,416,062.86 | 9,000,000.00 | -7,122,613.08 | -38,929.34 | ||
KKSmartechLimited | 1,441,263.59 | 200,331.86 |
Investee | Openingbalance | Increase/decrease | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
ChongqingKangjianOptoelectronicsTechnologyCo.,Ltd. | 12,000,000.00 | -506,967.79 | ||||
AnhuiKantaSupplyChainManagementCo.,Ltd. | 18,060,000.00 | |||||
WuhanKangtangInformationTechnologyCo.,Ltd. | 26,950,000.00 | -295,049.70 | ||||
SichuanChengruiRealEstateCo.,Ltd. | 43,120,000.00 | -1,696,485.07 | ||||
KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. | 45,000,000.00 | -1,709,307.00 | ||||
HeifeiKONSEMIStorageTechnologyCo.,Ltd. | 203,999,997.28 | -23,853,387.01 | ||||
Total | 5,902,588,939.51 | 235,502,600.00 | 275,601,302.66 | 292,119,997.28 | 109,846,718.51 | -2,814,803.62 |
(Continued)
Investee | Increase/decrease | Endingbalance | Endingbalanceofimpairment |
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | ||
KonkaVenturesDevelopment(Shenzhen)Co.,Ltd.(formerly“KonkaVenturesDevelopment(Shenzhen)Co.,Ltd.”) | 4,963,158.89 | ||||
NanjingZhihuiguangInformationTechnologyResearchInstituteCo.,Ltd. | 1,686,591.04 | ||||
FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | 10,591,603.87 | ||||
ShenzhenKangyueEnterpriseCo.,Ltd. | 32,232,415.88 | ||||
FoshanPearlRiverMediaCreativeParkCulturalDevelopmentCo.,Ltd. | 2,834,367.04 | ||||
KangkaiTechnologyService(Chengdu)Co.,Ltd. | 209,048.32 | ||||
PuchuangJiakangTechnologyCo,Ltd. | 3,658,484.71 | ||||
ChongqingQingjiaElectronicsCo.,Ltd. | 9,640,890.52 | 5,831,185.33 | |||
ShenzhenJielunteTechnologyCo., | 99,748,594.97 |
Investee | Increase/decrease | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
Ltd. | ||||||
PanxuIntelligenceCo.,Ltd. | 51,392,171.46 | |||||
OrientExcellent(Zhuhai)AssetManagementCo.,Ltd. | 7,482,864.06 | |||||
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | 483,905,786.35 | |||||
TongxiangWuzhenKunyuEquityInvestmentCo.,Ltd. | 3,527,761.64 | |||||
ShenzhenRF-LINKTechnologyCo.,Ltd. | 85,656,027.35 | |||||
AnhuiKaikaiShijieE-commerceCo.,Ltd. | 418,721,305.96 | |||||
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 313,484,693.57 | |||||
ChutianDragonCo.,Ltd. | 4,410,993.60 | 523,726,463.18 | ||||
HelongjiangLongkangZhijiaTechnologyCo.,Ltd. | ||||||
ShaanxiSiluYunqiSmart | 13,333,698.78 |
Investee | Increase/decrease | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
TechnologyCo.,Ltd. | ||||||
ShenzhenKanghongxingSmartTechnologyCo.,Ltd. | 12,660,222.73 | |||||
ShenzhenZhongbingKonkaTechnologyCo.,Ltd. | ||||||
ShenzhenBosserNewMaterialsCo.,Ltd. | ||||||
ShenzhenYaodeTechnologyCo.,Ltd. | 214,559,469.35 | |||||
WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 2,770,200.00 | 352,295,640.91 | ||||
ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 49,658,397.02 | |||||
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 275,858,698.37 | |||||
NantongKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd.(formerly“HaimenKangjianTechnology | 107,310,029.86 |
Investee | Increase/decrease | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
IndustrialParkOperationsandManagementCo.,Ltd.”) | ||||||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 183,310,823.25 | |||||
DongguanGuankangYuhongInvestmentCo.,Ltd.(formerly“DongguanKonkaInvestmentCo.,Ltd.”) | 521,341,722.37 | |||||
ShenzhenMorsemiSemiconductorTechnologyCo.,Ltd. | ||||||
ShandongEconTechnologyCo.,Ltd. | 135,296,760.09 | 1,246,099,855.22 | ||||
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | 6,951,651.72 | |||||
ChongqingE2infoTechnologyCo.,Ltd.(formerly“ShenzhenE2infoNetworkTechnologyCo.,Ltd.”) | 1,023,251,062.59 | |||||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 72,320,476.84 |
Investee | Increase/decrease | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
E3(Hainan)TechnologyCo.,Ltd. | 28,000,000.00 | 30,708,255.04 | ||||
ShenzhenKonkaJiapinIntelligentElectricalApparatusCo.,Ltd. | 5,371,364.87 | |||||
ShenzhenKondaE-displayCo.,Ltd. | 883,869.41 | 82,221,081.72 | ||||
ChongqingYuanlvBenpaoRealEstateCo.,Ltd. | 33,721,573.96 | |||||
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 3,411,153.10 | |||||
YantaiKangtangConstructionDevelopmentCo.,Ltd. | 232,597.64 | |||||
DongguanKangzhihuiElectronicsCo.,Ltd. | 23,998,624.46 | |||||
SichuanHuayiJiakangTechnologyCo.,Ltd. | 121,403.90 | |||||
SichuanAimijiakangTechnologyCo.,Ltd. | 1,585,761.09 | |||||
BeijingKonkaJingyuanTechnologyCo.,Ltd. | 733,832.84 |
Investee | Increase/decrease | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
ChongqingLiangshanEnterpriseManagementCo.,Ltd. | 121,802.33 | |||||
ShenzhenKangeneTechnologyInnovationDevelopmentCo.,Ltd. | 967,323.92 | |||||
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | 1,373,981.26 | |||||
HenanKangfeiIntelligentElectricalAppliancesCo.,Ltd. | 1,182,963.46 | |||||
RunxinMicroelectronic(Dalian)Co,Ltd.(formerly“DalianXinguanTechnologyCo.,Ltd.”) | ||||||
GuangdongKangyuanSemiconductorCo.,Ltd. | 12,777,082.28 | |||||
ChongqingKangyiqingTechnologyCo.,Ltd. | 1,010,683.91 | |||||
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd. | 13,254,520.44 | |||||
KKSmartechLimited | 1,641,595.45 | |||||
ChongqingKangjian | 11,493,032.21 |
Investee | Increase/decrease | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
OptoelectronicsTechnologyCo.,Ltd. | ||||||
AnhuiKantaSupplyChainManagementCo.,Ltd. | 18,060,000.00 | |||||
WuhanKangtangInformationTechnologyCo.,Ltd. | 26,654,950.30 | |||||
SichuanChengruiRealEstateCo.,Ltd. | 41,423,514.93 | |||||
KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. | 43,290,693.00 | |||||
HeifeiKONSEMIStorageTechnologyCo.,Ltd. | 180,146,610.27 | |||||
Total | 135,296,760.09 | 45,705,953.53 | 6,351,232,955.58 | 312,875,719.43 |
12.InvestmentinOtherEquityInstruments
(1)InvestmentinOtherEquityInstruments
Item | Endingbalance | Openingbalance |
ShenzhenTianyilianScience&TechnologyCo.,Ltd. | ||
ShenzhenAdoptNetworkCo.,Ltd. | ||
BeijingAoweiMutualEntertainmentTechnologyCo.,Ltd. | 5,901,121.80 | 5,901,121.80 |
FeihongElectronicsCo.,Ltd. | ||
ZAEFI | ||
ShenzhenChuangceInvestmentDevelopmentCo.,Ltd. | ||
ShanlianInformationTechnologyEngineeringCenter | 1,860,809.20 | 1,860,809.20 |
ShenzhenCIUScience&TechnologyCo.,Ltd. | 953,000.00 | 953,000.00 |
ShenzhenDigitalTVNationalEngineeringLaboratoryCo.,Ltd. | 7,726,405.16 | 7,726,405.16 |
ShanghaiNationalEngineeringResearchCenterofDigitalTVCo.,Ltd. | 2,400,000.00 | 2,400,000.00 |
BohuUHD | 5,000,001.00 | 5,000,001.00 |
Total | 23,841,337.16 | 23,841,337.16 |
(2)InvestmentinNon-tradingEquityInstrumentsintheReportingPeriod
Item | Dividendincomerecognizedthisyear | Accumulativegains | Accumulativelosses | Amountofothercomprehensiveincometransferredtoretainedearnings | Reasonforassigningtomeasureinfairvalueofwhichchangesincludedothercomprehensiveincome | Reasonforothercomprehensiveincometransferredtoretainedearnings |
ShenzhenTianyilianScience&TechnologyCo.,Ltd. | 4,800,000.00 | Long-termholdingbasedonstrategicpurpose | ||||
ShenzhenAdoptNetworkCo.,Ltd. | 5,750,000.00 | Long-termholdingbasedonstrategicpurpose | ||||
BeijingAoweiMutualEntertainmentTechnologyCo.,Ltd. | 98,878.20 | Long-termholdingbasedonstrategicpurpose | ||||
FeihongElectronicsCo.,Ltd. | 1,300,000.00 | Long-termholdingbasedonstrategicpurpose | ||||
ZAEFI | 100,000.00 | Long-termholdingbasedonstrategicpurpose | ||||
ShenzhenChuangceInvestmentDevelopmentCo.,Ltd. | 485,000.00 | Long-termholdingbasedonstrategicpurpose | ||||
ShanlianInformationTechnologyEngineeringCenter | 3,139,190.80 | Long-termholdingbasedonstrategicpurpose | ||||
ShenzhenCIUScience&TechnologyCo.,Ltd. | 200,000.00 | Long-termholdingbasedonstrategicpurpose |
Item | Dividendincomerecognizedthisyear | Accumulativegains | Accumulativelosses | Amountofothercomprehensiveincometransferredtoretainedearnings | Reasonforassigningtomeasureinfairvalueofwhichchangesincludedothercomprehensiveincome | Reasonforothercomprehensiveincometransferredtoretainedearnings |
ShenzhenDigitalTVNationalEngineeringLaboratoryCo.,Ltd. | 1,273,594.84 | Long-termholdingbasedonstrategicpurpose | ||||
ShanghaiNationalEngineeringResearchCenterofDigitalTVCo.,Ltd. | Long-termholdingbasedonstrategicpurpose | |||||
BohuUHD | Long-termholdingbasedonstrategicpurpose | |||||
Total | 17,146,663.84 |
13.OtherNon-currentFinancialAssets
Item | Endingbalance | Openingbalance |
ChinaAssetManagement-JiayiOverseasDesignatedPlan | 200,732,067.00 | 200,326,093.02 |
TianjinHuachengPropertyDevelopmentCo.,Ltd. | 1,000,000.00 | |
TianjinPropertyNo.8EnterpriseManagementPartnership(LimitedPartnership) | 28,540,777.26 | |
CCBTrust-CaiDieNo.6PropertyRightsTrustScheme | 66,080,293.70 | |
DayeTrustCompanyLimited | 100,000,000.00 | |
YibinOCTSanjiangPropertiesCo.,Ltd. | 171,141,605.35 | 200,000,000.00 |
YiliEcologicalRestorationCo.,Ltd. | 41,812,139.03 | 90,000,000.00 |
KunshanXinjiaEmergingIndustryEquityInvestmentFundPartnership(LimitedPartnership) | 233,834,173.06 | 88,186,078.16 |
TongxiangWuzhenJiayuDigitalEconomyIndustryEquityInvestmentPartnership(LimitedPartnership) | 195,312,419.69 | 118,266,889.53 |
YibinKanghuiElectronicInformationIndustryEquityInvestmentPartnership(LimitedPartnership) | 67,706,235.45 | 116,086,430.82 |
ChuzhouJiachenInformationTechnologyConsultingServicePartnership(LimitedPartnership) | 59,700,013.59 | 52,200,130.13 |
YanchengKangyanInformationIndustryInvestmentPartnership(LimitedPartnership) | 167,230,693.52 | 225,680,330.93 |
ChongqingKangxinEquityInvestmentFundPartnership(LimitedPartnership) | 146,160,043.51 | 100,882,805.61 |
ShenzhenKanghuijiaTechnologyCo.,Ltd. | 10,137.30 | 9,273.31 |
Subtotalofequityinvestments | 1,479,260,598.46 | 1,191,638,031.51 |
ChuzhouHuikeSmartHouseholdAppliancesIndustryInvestmentPartnership(LimitedPartnership) | 626,244,139.25 | 890,768,440.22 |
NingboYuanqingNo.9InvestmentPartnership | 148,855,198.11 | 134,671,492.89 |
ShenzhenBeihuTechnologyPartnership(LimitedPartnership) | 58,000,000.00 | 58,000,000.00 |
ShanxiKangmengrongEnterpriseManagementConsultingPartnership(LimitedPartnership) | 9,163,411.30 | |
NanjingKangfengDejiaAssetManagementPartnership(LimitedPartnership) | 100,000,000.00 | |
ShenzhenGaohongEnterpriseConsultingManagementPartnership(LimitedPartnership) | 100,000,000.00 | |
ShenzhenZitangNo.1EnterpriseConsultingManagementPartnership(LimitedPartnership) | 100,386,000.00 | |
Xi'anBihuijiaEnterpriseManagementConsultingPartnership(LimitedPartnership) | 17,752,926.20 | 18,283,639.06 |
Subtotalofdebtinvestments | 1,160,401,674.86 | 1,101,723,572.17 |
Total | 2,639,662,273.32 | 2,293,361,603.68 |
14.InvestmentProperties
(1)InvestmentPropertiesMeasuredatCost
Item | Landuserights | Buildingsandconstructions | Total |
I.Originalcarryingvalue | |||
1.Beginningbalance | 44,863,032.17 | 826,709,601.47 | 871,572,633.64 |
2.Increaseintheperiod | 1,258,474.75 | 46,649,427.48 | 47,907,902.23 |
(1)Outsourcing | 8,531,405.75 | 8,531,405.75 | |
(2)Fixedassets\Constructioninprogress\Transferofintangibleassets | 1,258,474.75 | 38,118,021.73 | 39,376,496.48 |
3.Decreaseintheperiod | 93,689.25 | 93,689.25 | |
(1)Disposal | |||
(2)Othertransferout | 93,689.25 | 93,689.25 | |
4.Endingbalance | 46,121,506.92 | 873,265,339.70 | 919,386,846.62 |
II.Theaccumulativedepreciationandaccumulativeamortization | |||
1.Beginningbalance | 7,056,927.57 | 87,990,644.53 | 95,047,572.10 |
2.Increaseintheperiod | 1,363,248.72 | 22,594,081.40 | 23,957,330.12 |
(1)Provisionoramortization | 1,363,248.72 | 22,594,081.40 | 23,957,330.12 |
3.Decreaseintheperiod | -182,714.09 | 2,208,614.29 | 2,025,900.20 |
(1)Disposal | |||
(2)Othertransferout | -182,714.09 | 2,208,614.29 | 2,025,900.20 |
4.Endingbalance | 8,602,890.38 | 108,376,111.64 | 116,979,002.02 |
III.Depreciationreserves |
Item | Landuserights | Buildingsandconstructions | Total |
1.Beginningbalance | |||
2.Increaseintheperiod | |||
(1)Withdrawal | |||
3.Decreaseintheperiod | |||
(1)Disposal | |||
(2)Othertransferout | |||
4.Endingbalance | |||
IV.Carryingvalue | |||
1.Endingcarryingvalue | 37,518,616.54 | 764,889,228.06 | 802,407,844.60 |
2.Beginningcarryingvalue | 37,806,104.60 | 738,718,956.94 | 776,525,061.54 |
Note:IncreasedinvestmentpropertiesduringtheReportingPeriodweremainlyplantsleasedoutbyChongqingKonkaTechnologyDevelopment.
(2)InvestmentpropertiesmeasuredatfairvalueTherewerenoinvestmentpropertiesmeasuredatfairvalueoftheGroup.
(3)Investmentpropertiesintheprocessoftitlecertificatehandling
Item | Carryingvalue | Reason |
KonkaStandardElectronicProductPlantsProjectinSunning | 264,880,028.61 | Settlementoftheprojectisunderway,andthecertificatecanbehandledonlyafterthesettlement |
Total | 264,880,028.61 |
(4)Investmentpropertieswithrestrictedownershiporuserights
Item | Carryingvalue | Reason |
Tower1ofKonkaGuangmingTechnologyCenter(PhaseI) | 104,066,818.20 | Ascollateralforloan |
Total | 104,066,818.20 |
15.FixedAssets
Item | Endingcarryingvalue | Openingcarryingvalue |
FixedAssets | 4,114,029,693.38 | 4,010,295,277.14 |
Fixedassetspendingfordisposal | ||
Total | 4,114,029,693.38 | 4,010,295,277.14 |
(1)ListofFixedAssets
Item | Housesandbuildings | Machineryequipment | Electronicequipment | Transportationequipment | Othermachinery | Total |
I.Originalcarryingvalue | ||||||
1.Openingbalance | 2,529,405,574.18 | 2,966,454,406.17 | 240,354,786.94 | 59,322,549.91 | 351,086,303.85 | 6,146,623,621.05 |
2.Increasedamountoftheperiod | 331,795,154.98 | 261,290,200.22 | 85,966,004.39 | 4,604,657.28 | 16,906,614.56 | 700,562,631.43 |
(1)Purchase | 20,114,341.14 | 199,041,807.59 | 26,645,682.05 | 3,541,333.49 | 14,633,412.09 | 263,976,576.36 |
(2)Transferfromconstructioninprogress | 308,094,448.71 | 49,402,164.35 | 4,590,760.45 | 900,969.30 | 362,988,342.81 | |
(3)Increasethroughconsolidation | ||||||
(4)Othertransfer-in | 3,586,365.13 | 12,846,228.28 | 54,729,561.89 | 1,063,323.79 | 1,372,233.17 | 73,597,712.26 |
3.Decreasedamountoftheperiod | 907,019.01 | 124,399,475.27 | 24,011,052.84 | 4,048,034.10 | 181,967,467.30 | 335,333,048.52 |
(1)Disposalorscrap | 141,518.85 | 103,332,020.04 | 13,367,221.39 | 3,616,895.26 | 13,634,145.19 | 134,091,800.73 |
(2)Decreaseforlossofcontrollingright | 10,466,027.51 | 356,138.85 | 10,822,166.36 | |||
(3)Otherdecreases | 765,500.16 | 21,067,455.23 | 177,803.94 | 74,999.99 | 168,333,322.11 | 190,419,081.43 |
4.Endingbalance | 2,860,293,710.15 | 3,103,345,131.12 | 302,309,738.49 | 59,879,173.09 | 186,025,451.11 | 6,511,853,203.96 |
II.Accumulative |
Item | Housesandbuildings | Machineryequipment | Electronicequipment | Transportationequipment | Othermachinery | Total |
depreciation | ||||||
1.Openingbalance | 593,988,005.87 | 1,083,045,070.75 | 157,322,088.50 | 40,593,276.19 | 210,886,326.73 | 2,085,834,768.04 |
2.Increasedamountoftheperiod | 79,669,943.89 | 280,456,019.19 | 60,229,606.14 | 5,423,262.65 | 14,564,506.94 | 440,343,338.81 |
(1)Withdrawal | 72,478,592.92 | 257,403,610.39 | 22,903,951.82 | 5,391,788.42 | 14,446,611.95 | 372,624,555.50 |
(2)Increasethroughconsolidation | ||||||
(3)Otherincrease | 7,191,350.97 | 23,052,408.80 | 37,325,654.32 | 31,474.23 | 117,894.99 | 67,718,783.31 |
3.Decreasedamountoftheperiod | 273,247.05 | 104,987,202.08 | 15,863,349.79 | 3,186,846.54 | 110,865,691.68 | 235,176,337.14 |
(1)Disposalorscrap | 43,597.00 | 86,527,797.04 | 12,103,278.56 | 2,949,525.05 | 12,258,624.61 | 113,882,822.26 |
(2)Decreaseforlossofcontrollingright | 3,624,872.40 | 174,804.82 | 3,799,677.22 | |||
(3)Otherdecreases | 229,650.05 | 18,459,405.04 | 135,198.83 | 62,516.67 | 98,607,067.07 | 117,493,837.66 |
4.Endingbalance | 673,384,702.71 | 1,258,513,887.86 | 201,688,344.85 | 42,829,692.30 | 114,585,141.99 | 2,291,001,769.71 |
III.Impairmentprovision | ||||||
1.Openingbalance | 1,247,805.91 | 42,710,420.48 | 638,396.94 | 820,770.14 | 5,076,182.40 | 50,493,575.87 |
2.Increasedamountoftheperiod | 22,739,721.60 | 47,577,961.34 | 713,593.51 | 6,712.58 | 51,386.68 | 71,089,375.71 |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
Item | Housesandbuildings | Machineryequipment | Electronicequipment | Transportationequipment | Othermachinery | Total |
(1)Withdrawal | 22,739,721.60 | 47,577,961.34 | 713,593.51 | 6,712.58 | 51,386.68 | 71,089,375.71 |
3.Decreasedamountoftheperiod | 14,754,932.90 | 6,277.81 | 14,761,210.71 | |||
(1)Disposalorscrap | 340,575.20 | 6,277.81 | 346,853.01 | |||
(2)Otherdecrease | 14,414,357.70 | 14,414,357.70 | ||||
4.Endingbalance | 23,987,527.51 | 75,533,448.92 | 1,351,990.45 | 827,482.72 | 5,121,291.27 | 106,821,740.87 |
IV.Carryingvalue | ||||||
1.Endingcarryingvalue | 2,162,921,479.93 | 1,769,297,794.34 | 99,269,403.19 | 16,221,998.07 | 66,319,017.85 | 4,114,029,693.38 |
2.Openingcarryingvalue | 1,934,169,762.40 | 1,840,698,914.94 | 82,394,301.50 | 17,908,503.58 | 135,123,794.72 | 4,010,295,277.14 |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
(2)ListofTemporarilyIdleFixedAssets
Item | Originalcarryingvalue | Accumulateddepreciation | Impairmentprovision | Carryingvalue |
Machineryequipment | 865,443,988.96 | 363,412,125.18 | 62,022,693.53 | 440,009,170.25 |
Electronicequipment | 11,772,427.80 | 8,531,212.11 | 77,602.87 | 3,163,612.82 |
Transportationequipment | 3,673,189.64 | 3,317,929.05 | 355,260.59 | |
Housesandbuildings | 266,352,257.20 | 129,377,121.63 | 7,899,900.07 | 129,075,235.50 |
Othermachinery | 2,873,020.82 | 1,765,894.04 | 86,175.22 | 1,020,951.56 |
Total | 1,150,114,884.42 | 506,404,282.01 | 70,086,371.69 | 573,624,230.72 |
(3)FixedAssetsLeasedoutfromOperationLease
Item | Endingcarryingvalue |
Electronicequipment | 231,800.93 |
Machineryequipment | 42,619,267.56 |
Othermachinery | 517,453.24 |
Transportationequipment | 8,987.34 |
Total | 43,377,509.07 |
(4)DetailsofFixedAssetsFailedtoAccomplishCertificationofProperty
Item | Originalcarryingvalue | Accumulateddepreciation | Impairmentprovision | Netcarryingvalue | Reason |
Ankang'splants | 602,674,461.92 | 19,526,590.97 | 583,147,870.95 | Beinghandled | |
Bokang'sphaseIIplantsonthesecondandthirdfloorsforprinted | 33,584,624.73 | 2,015,077.48 | 31,569,547.25 | Beinghandled |
Item | Originalcarryingvalue | Accumulateddepreciation | Impairmentprovision | Netcarryingvalue | Reason |
boards | |||||
JingyuanBuildingproperty | 7,700,000.00 | 4,071,361.21 | 3,628,638.79 | Beinghandled | |
YikangBuildingproperty | 76,610,752.33 | 40,352,298.33 | 36,258,454.00 | Beinghandled | |
BuildingsandconstructionsofChongqingKonka | 345,413,277.95 | 1,653,574.20 | 343,759,703.75 | Beinghandled | |
Total | 1,065,983,116.93 | 67,618,902.19 | 998,364,214.74 |
(5)FixedAssetswithRestrictedOwnershiporUseRight
Item | Endingcarryingvalue | Reasonforrestriction |
HousingandbuildingsofAnhuiTongchuang | 145,172,450.55 | Mortgageloan |
MachineryequipmentofJiangxiKonka | 27,771,337.15 | Financeleasemortgage |
MachineryequipmentofXinfengMicrocrystalline | 35,461,691.38 | Financeleasemortgage |
HousingandbuildingsofFrestecRefrigeration | 79,903,480.27 | Financeleasemortgage |
BuildingsofKonkaGroup | 75,596,340.49 | Mortgageloan |
HousingandbuildingsofXingDaHongYe | 37,968,854.48 | Mortgageloan |
AnhuiKonka'sbuildings | 614,656,816.06 | Mortgageloan |
MachineryequipmentofXingdaHongye | 18,741,233.84 | Financeleasemortgage |
MachineryequipmentofBoluoKonkaPrecision | 11,840,840.01 | Financeleasemortgage |
HousingandbuildingsofJiangxi | 2,961,225.95 | Ascollateralforguarantee |
Item | Endingcarryingvalue | Reasonforrestriction |
Konka | whenasshareholder | |
HousingandbuildingsofJiangsuKonkaIntelligent | 38,126,186.72 | Mortgageloan |
HousingandbuildingsofBoluoKonkaPrintedBoard | 5,818,072.30 | Mortgagedforbilling |
HousingandbuildingsofChongqngKonka | 343,759,703.75 | Mortgageloan |
Total | 1,437,778,232.95 |
16.ConstructioninProgress
(1)ListofConstructioninProgress
Item | Endingbalance | Openingbalance | ||||
Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
ChongqingKonkaSemiconductorOptoelectronicsParkProject | 197,885,487.81 | 197,885,487.81 | 319,259,613.46 | 319,259,613.46 | ||
GuangmingProject | 466,051,847.89 | 466,051,847.89 | 282,501,390.70 | 282,501,390.70 | ||
JiangxiHigh-permeabilityCrystalizationKiln | 246,576,748.57 | 20,068,730.37 | 226,508,018.20 | 246,576,748.57 | 246,576,748.57 | |
DongguanKonkaNewIndustrialPark | 398,018,288.30 | 398,018,288.30 | 163,155,903.72 | 163,155,903.72 | ||
ConstructionofSuiningElectronicIndustrialParkWorkshops | 221,981,375.38 | 221,981,375.38 | 112,187,404.92 | 112,187,404.92 | ||
FrestecSmartHomeAppliancesPark | 113,146,458.03 | 113,146,458.03 | 6,412,249.47 | 6,412,249.47 | ||
Otherprojects | 410,734,273.00 | 43,964,371.54 | 366,769,901.46 | 361,012,106.76 | 327,586.21 | 360,684,520.55 |
Total | 2,054,394,478.98 | 64,033,101.91 | 1,990,361,377.07 | 1,491,105,417.60 | 327,586.21 | 1,490,777,831.39 |
(2)ChangesofSignificantConstructioninProgressthisperiod
Nameofitem | Openingbalance | Increaseinthisperiod | Decreaseinthisperiod | Endingbalance | |
Transferredtolong-termassets | Otherdecrease | ||||
ChongqingKonkaSemiconductorOptoelectronicsParkProject | 319,259,613.46 | 158,408,963.96 | 279,783,089.61 | 197,885,487.81 | |
GuangmingProject | 282,501,390.70 | 183,550,457.19 | 466,051,847.89 | ||
JiangxiHigh-permeabilityCrystalizationKiln | 246,576,748.57 | 246,576,748.57 | |||
DongguanKonkaNewIndustrialPark | 163,155,903.72 | 234,862,384.58 | 398,018,288.30 | ||
ConstructionofSuiningElectronicIndustrialParkWorkshops | 112,187,404.92 | 109,793,970.46 | 221,981,375.38 | ||
FrestecSmartHomeAppliancesPark | 6,412,249.47 | 106,734,208.56 | 113,146,458.03 | ||
Total | 1,130,093,310.84 | 793,349,984.75 | 279,783,089.61 | 1,643,660,205.98 |
(Continued)
Nameofitem | Estimatednumber(RMB100million) | Proportionestimatedoftheprojectaccumulativeinput(%) | EngineeringSchedule(%) | Accumulatedamountofinterestcapitalization | Ofwhich:theamountofthecapitalizedinterestsoftheperiod | Capitalizationrateoftheinterestsoftheperiod(%) | Capitalresources |
ChongqingKonkaSemiconductor | 7.57 | 63.10 | 63.10 | Self-ownedfund |
Nameofitem | Estimatednumber(RMB100million) | Proportionestimatedoftheprojectaccumulativeinput(%) | EngineeringSchedule(%) | Accumulatedamountofinterestcapitalization | Ofwhich:theamountofthecapitalizedinterestsoftheperiod | Capitalizationrateoftheinterestsoftheperiod(%) | Capitalresources |
OptoelectronicsParkProject | |||||||
GuangmingProject | 5.20 | 89.63 | 89.63 | 22,328,097.51 | 13,044,187.04 | 5.30 | Self-ownedfundandprojectloans |
JiangxiHigh-permeabilityCrystalizationKiln | 3.40 | 72.52 | 72.52 | 32,249,994.16 | Self-ownedfundandbankfinancing | ||
DongguanKonkaNewIndustrialPark | 5.97 | 66.72 | 66.72 | 15,266,672.03 | 9,494,147.81 | 4.76 | Self-ownedfundandbankfinancing |
ConstructionofSuiningElectronicIndustrialParkWorkshops | 7.34 | 57.96 | 57.96 | Self-ownedfund | |||
FrestecSmartHomeAppliancesPark | 4.88 | 24.54 | 24.54 | 82,500.00 | 82,500.00 | 4.50 | Self-ownedfundandbankfinancing |
Total | 69,927,263.70 | 22,620,834.85 |
(3)ImpairmentProvisionforConstructioninProgressWithdrawnthisYear
Item | Amountwithdrawnthisyear | Reasonforwithdrawal |
NanoLineOneProject | 36,181,822.63 | Conditionsforserviceunmet |
JiangxiHighPermeabilityCrystallizationKilnProject | 20,068,730.37 | Conditionsforserviceunmet |
HenanCivilEngineeringProject | 3,703,547.42 | Conditionsforserviceunmet |
DalianEquipment | 3,103,138.94 | Conditionsforserviceunmet |
Otherprojects | 648,276.34 | Conditionsforserviceunmet |
Total | 63,705,515.70 |
17.Right-of-useassets
Item | Housesandbuildings | Electronicequipment | Transportationequipment | Total |
I.Originalcarryingvalue | ||||
1.Openingbalance | 114,397,549.47 | 310,725.66 | 832,266.36 | 115,540,541.49 |
2.Increasedamountthisperiod | 30,637,971.86 | 30,637,971.86 | ||
(1)Rent | 30,637,971.86 | 30,637,971.86 | ||
(2)Others | ||||
3.Decreasedamountthisperiod | 39,155,975.49 | 67,232.32 | 832,266.36 | 40,055,474.17 |
(1)Decreaseforlossofcontrollingright | 887,522.59 | 887,522.59 | ||
(2)Others | 38,268,452.90 | 67,232.32 | 832,266.36 | 39,167,951.58 |
4.Endingbalance | 105,879,545.84 | 243,493.34 | 106,123,039.18 | |
II.Accumulativedepreciation | ||||
1.Openingbalance | 43,734,529.28 | 31,072.56 | 564,524.28 | 44,330,126.12 |
2.Increasedamountthisperiod | 46,437,260.92 | 61,545.09 | 267,742.08 | 46,766,548.09 |
(1)Withdrawal | 46,437,260.92 | 61,545.09 | 267,742.08 | 46,766,548.09 |
Item | Housesandbuildings | Electronicequipment | Transportationequipment | Total |
(2)Others | ||||
3.Decreasedamountthisperiod | 34,124,780.47 | 36,426.88 | 832,266.36 | 34,993,473.71 |
(1)Decreaseforlossofcontrollingright | 443,761.31 | 443,761.31 | ||
(2)Others | 33,681,019.16 | 36,426.88 | 832,266.36 | 34,549,712.40 |
4.Endingbalance | 56,047,009.73 | 56,190.77 | 56,103,200.50 | |
III.Impairmentprovision | ||||
1.Openingbalance | ||||
2.Increasedamountthisperiod | ||||
(1)Withdrawal | ||||
3.Decreasedamountthisperiod | ||||
(1)Disposal | ||||
4.Endingbalance | ||||
IV.Carryingvalue | ||||
1.Endingcarryingvalue | 49,832,536.11 | 187,302.57 | 50,019,838.68 | |
2.Openingcarryingvalue | 70,663,020.19 | 279,653.10 | 267,742.08 | 71,210,415.37 |
Note:Otherdecreasesoforiginalcarryingvalueandaccumulativedepreciationweremainlydecreasesupontheexpiryofleases.
18.IntangibleAssets
(1)Listofintangibleassets
Item | Landuseright | Intellectualproperty | Total | ||||
Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
I.Originalcarryingvalue | |||||||
1.Openingbalance | 927,878,747.71 | 75,609,671.41 | 163,217,317.78 | 128,853,938.95 | 367,680,928.14 | 1,295,559,675.85 | |
2.Increasedamountoftheperiod | 59,729,138.06 | 168,553,796.14 | 38,312,024.04 | 206,865,820.18 | 266,594,958.24 | ||
(1)Purchase | 12,171,519.15 | 24,393,515.90 | 24,393,515.90 | 36,565,035.05 | |||
(2)Transferfromconstructioninprogress | 168,553,796.14 | 3,968,446.39 | 172,522,242.53 | 172,522,242.53 | |||
(3)TransferfromR&D | |||||||
(4)Increasethroughconsolidation |
Item | Landuseright | Intellectualproperty | Total | ||||
Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
(5)Otherreasons | 47,557,618.91 | 9,950,061.75 | 9,950,061.75 | 57,507,680.66 | |||
3.Decreasedamountoftheperiod | 67,276,093.66 | 3,412,215.08 | 46,501,452.24 | 1,031,018.57 | 50,944,685.89 | 118,220,779.55 | |
(1)Disposal | 18,460,000.00 | 31,501,452.24 | 565,252.06 | 32,066,704.30 | 50,526,704.30 | ||
(2)Decreaseforlossofcontrollingright | 15,000,000.00 | 309,734.51 | 15,309,734.51 | 15,309,734.51 | |||
(3)Decreaseforotherreasons | 48,816,093.66 | 3,412,215.08 | 156,032.00 | 3,568,247.08 | 52,384,340.74 | ||
4.Endingbalance | 920,331,792.11 | 72,197,456.33 | 116,715,865.54 | 168,553,796.14 | 166,134,944.42 | 523,602,062.43 | 1,443,933,854.54 |
II.Accumulatedamortization | |||||||
1.Openingbalance | 83,549,162.11 | 17,998,848.90 | 108,112,881.20 | 68,896,878.23 | 195,008,608.33 | 278,557,770.44 | |
2.Increasedamountoftheperiod | 20,247,166.46 | 4,665,476.67 | 7,638,886.93 | 1,560,683.29 | 21,830,844.06 | 35,695,890.95 | 55,943,057.41 |
Item | Landuseright | Intellectualproperty | Total | ||||
Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
(1)Withdrawal | 20,247,166.46 | 4,665,476.67 | 7,638,886.93 | 1,560,683.29 | 15,123,269.19 | 28,988,316.08 | 49,235,482.54 |
(2)Otherincreases | 6,707,574.87 | 6,707,574.87 | 6,707,574.87 | ||||
3.Decreasedamountoftheperiod | 4,649,685.37 | 3,412,215.08 | 44,433,347.53 | 554,954.22 | 48,400,516.83 | 53,050,202.20 | |
(1)Disposal | 1,476,800.00 | 31,501,452.24 | 348,021.76 | 31,849,474.00 | 33,326,274.00 | ||
(2)Decreaseforlossofcontrollingright | 12,931,895.29 | 58,702.06 | 12,990,597.35 | 12,990,597.35 | |||
(3)Decreaseforotherreasons | 3,172,885.37 | 3,412,215.08 | 148,230.40 | 3,560,445.48 | 6,733,330.85 | ||
4.Endingbalance | 99,146,643.20 | 19,252,110.49 | 71,318,420.60 | 1,560,683.29 | 90,172,768.07 | 182,303,982.45 | 281,450,625.65 |
III.Impairmentprovision | |||||||
1.Openingbalance | 41,705,989.33 | 41,705,989.33 | 41,705,989.33 | ||||
2.Increased | 564,705.88 | 3,237,532.29 | 235,294.12 | 4,037,532.29 | 4,037,532.29 |
Item | Landuseright | Intellectualproperty | Total | ||||
Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
amountoftheperiod | |||||||
(1)Withdrawal | 564,705.88 | 3,237,532.29 | 235,294.12 | 4,037,532.29 | 4,037,532.29 | ||
(2)BusinessCombinationIncrease | |||||||
3.Decreasedamountoftheperiod | |||||||
(1)Disposal | |||||||
(2)Decreaseforlossofcontrollingright | |||||||
4.Endingbalance | 564,705.88 | 44,943,521.62 | 235,294.12 | 45,743,521.62 | 45,743,521.62 | ||
IV.Carryingvalue | |||||||
1.Endingcarryingvalue | 821,185,148.91 | 52,380,639.96 | 453,923.32 | 166,993,112.85 | 75,726,882.23 | 295,554,558.36 | 1,116,739,707.27 |
2.Opening | 844,329,585.60 | 57,610,822.51 | 13,398,447.25 | 59,957,060.72 | 130,966,330.48 | 975,295,916.08 |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
Item | Landuseright | Intellectualproperty | Total | ||||
Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
carryingvalue |
(2)LandUseRightwithCertificateofTitleUncompleted
Item | Carryingvalue | Reason |
LanduserightofthesubsidiaryNano-Grystallization | 5,016,325.64 | Beinghandled |
Total | 5,016,325.64 |
(3)SignificantIntangibleAssets
Item | Endingcarryingvalue | Remainingamortizationperiod(year) |
LandusagerightofDongguanKonka | 189,901,786.67 | 46.67 |
LandusagerightofFrestecSmartHomeTechnology | 92,198,819.50 | 47.75 |
LandusagerightofFrestecRefrigeration | 65,789,729.84 | 33.75 |
ConcessionsofYibinKonka | 167,459,695.65 | 17.83 |
LanduserightofKonkaHuanjia | 63,177,504.14 | 46.50 |
(4)IntangibleAssetswithRestrictedOwnershiporUsingRight
Item | Endingcarryingvalue | Reasonforrestriction |
LanduserightofDongguanKonka | 189,901,786.67 | Mortgageloan |
LanduserightofAnhuiKonka | 55,073,876.00 | Mortgageloan |
LandusagerightofFrestecRefrigeration | 65,789,729.84 | Ascollateralforfinancelease |
LandusagerightofFrestecSmartHomeTechnology | 92,198,819.50 | Mortgageloan |
LanduserightofKonkaTongchuang | 17,944,663.84 | Mortgageloan |
LanduserightofJiangsuKonka | 14,217,813.03 | Mortgageloan |
LandusagerightofXingDaHongYe | 13,580,993.18 | Mortgageloan |
LandusagerightofJiangxiKonka | 12,414,476.93 | Originalshareholderguaranteemortgage |
LanduserightofKonkaGuangming | 5,478,330.62 | Mortgageloan |
LanduserightofChongqingKonka | 45,561,847.85 | Mortgageloan |
Total | 512,162,337.46 |
19.DevelopmentCosts
Item | Openingbalance | Increase | Decrease | Endingbalance |
Internaldevelopmentcosts | Others | Recognizedasintangibleassets | Transferredintothecurrentprofitorloss | Others | ||
PerformanceimprovementprojectofMINI&MICROLED | 13,635,816.63 | 712,316.69 | 14,348,133.32 | |||
Self-developmentofchips | 3,234,494.07 | 5,541,550.64 | 8,776,044.71 | |||
Total | 16,870,310.70 | 6,253,867.33 | 23,124,178.03 |
20.Goodwill
(1)OriginalCarryingValueofGoodwill
Nameoftheinvestees | Openingbalance | Increase | Decrease | Endingbalance | ||
Formedduetobusinesscombination | Others | Disposal | Others | |||
JiangxiKonka | 340,111,933.01 | 340,111,933.01 | ||||
XingDaHongYe | 44,156,682.25 | 44,156,682.25 | ||||
Total | 384,268,615.26 | 384,268,615.26 |
(2)ProvisionsforGoodwillImpairment
Nameoftheinvestees | Openingbalance | Increase | Decrease | Endingbalance | ||
Provision | Others | Disposal | Others | |||
Jiangxi | 340,111,933.01 | 340,111,933.01 |
Nameoftheinvestees | Openingbalance | Increase | Decrease | Endingbalance | ||
Provision | Others | Disposal | Others | |||
Konka | ||||||
XingDaHongYe | 21,959,947.14 | 21,959,947.14 | ||||
Total | 362,071,880.15 | 362,071,880.15 |
(3)InformationontheAssetsGroupsorCombinationofAssetsGroupswhichGoodwillBelongstoTheCompanyengagedanassessmentinstitutiontoassesstherecoverableamountoftheassetgroupsorcombinationofassetgroupsinwhichgoodwillbelongsto.Eachassetgrouporcombinationofassetgroupsistheassetgrouprelatedtogoodwillofalloperationaltangibleassetsandrecognizableintangibleassets(excludingoperatingcapitalandnon-operatingassets)ofprincipalbusinessasreflectedinthebalancesheetofthecorrespondingsubsidiary.Therecognitionofassetgroupsatthetimeofgoodwillimpairmenttestshallbeconsistentwiththeassetgrouporcombinationofassetgroupsdeterminedatthetimeofthegoodwillimpairmenttestonthepurchasedateandinpreviousyears.
(4)Thekeyassumptionsandbasisforcalculatingtherecoverableamountofassetgroupsareasfollows:
①Itisassumedthattheassessedcompanyisincontinuousoperationandhadnosignificantchangesfromthecurrentsituationinthekeyaspectsrelatingtoproductionandoperation,includingbusinessscope,salesmodeandchannelsandthemanagement;②Itisassumedthattherearenosignificantchangesinthesocialandeconomicenvironmentsoftheassessedcompany,andtherearenosignificantchangesfromexistingonesinrelevantlaws,regulationsorpoliciesofthecountryorregionwherethecompanyislocated;③Itisassumedthattheassessedcompanykeepsimprovingandoptimizingitsbusinessscope,businesspracticeandmanagementmodelonthebasisofmaintainingconsistency,andmakesadjustmentsandinnovationsatappropriatetimeswiththedevelopmentofeconomy;④Itisassumedthatallproductssuppliedbytheassessedcompanymeetmarketdemandsandtheobjectivesandmeasuresdeterminedarerealizedasscheduledandwithexpectedprofits;⑤Itisassumedthattherearenosignificantchangesintheinterestrate,exchangerate,taxbaseandtaxratewithinthenormalrangestipulatedbythecountry.⑥Recoverableamountofassetgroupsandcombinationofassetgroupsisbasedonthefive-year
budgetapprovedbytheManagement,andiscalculatedwiththecashflowforecastingmethod.
(5)ImpairmentofgoodwilloftheCompany'sassetgroupsisdetailedasfollows:
TherecoverableamountofXingDaHongYewasdeterminedbythepresentvalueoftheforecastedfuturecashflow.Thefuturecashflowwasdeterminedatthediscountrateof12.88%basedonthefinancialbudgetfrom2023to2027approvedbytheManagement.ThecashflowofXingDaHongYeforoverfiveyearswascalculatedonthebasisofagrowthrateof0%.TheCompanyengagedShenzhenPengxinAssetsAppraisalLandRealEstateAppraisalCo.,Ltd.toassesstheXingDaHongYeassetgroup(inclusiveofgoodwill)byincomeapproach.Withthepresentvalueoftheforecastedfuturecashflowoftheassetsinthisassetgroupastherecoverableamount,theAssetValuationReportontheRecoverableAmountoftheAssetGroupContainingGoodwillFormedbytheAcquisitionofGuangdongXingDaHongYeElectronicsCo.,Ltd.inConnectionwiththeGoodwillImpairmentTesttoBePerformedbyKonkaGroupCo.,Ltd.(P.X.Z.P.B.Z.[2023]No.S032)wasissuedon15March2023with31December2022asthevaluationbasedate.ThepresentvalueofXingDaHongYe'sassetgroupwasRMB276.8654milliononthebenchmarkdateoftheassessment,thecarryingvalueoftheassetgroupafteradjustmentatfairvalue(includingtheoverallgoodwill)wasRMB272.9596million,andthecarryingvalueofgoodwill(includingminorityshareholders)wasRMB43,523,000.Therefore,XingDaHongYehadnoimpairmentofgoodwillintheyearasassessedinthegoodwillimpairmenttest.Asofthereportingdate,XingDaHongYehasaccruedapproximatelyRMB
21.9599millioningoodwillimpairment.
21.Long-termDeferredExpenses
Item | Beginningbalance | Increased | Amortizationamount | Otherdecreasedamount | Endingbalance |
Renovationcosts | 236,571,769.59 | 77,776,777.85 | 50,504,487.78 | 476,841.42 | 263,367,218.24 |
Shoppeexpense | 20,710,094.41 | 16,617,218.73 | 18,133,772.61 | 406,460.04 | 18,787,080.49 |
Others | 40,215,519.39 | 112,613,724.38 | 44,718,812.67 | 2,955,226.76 | 105,155,204.34 |
Total | 297,497,383.39 | 207,007,720.96 | 113,357,073.06 | 3,838,528.22 | 387,309,503.07 |
22.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
(1)DeferredIncomeTaxAssetswithoutOffset
Item | Endingbalance | Beginningbalance | ||
Deductibletemporarydifference | Deferredincometaxliabilitiesassets | Deductibletemporarydifference | Deferredincometaxliabilitiesassets | |
Deductiblelosses | 3,446,211,696.71 | 710,037,893.08 | 1,662,487,029.88 | 294,364,103.95 |
Assetsimpairmentprovision | 1,665,450,141.63 | 364,146,193.07 | 1,495,008,640.79 | 341,517,549.45 |
DeferredIncome | 90,355,036.00 | 22,296,259.01 | 54,518,127.50 | 13,573,281.87 |
Accruedexpenses | 208,346,464.01 | 49,058,992.22 | 211,674,351.84 | 47,600,301.64 |
Unrealizedinternalsalesprofits | 62,006,060.41 | 15,501,515.10 | 34,369,797.29 | 8,592,449.32 |
Others | 134,840,920.33 | 29,413,898.14 | 95,608,084.94 | 19,668,038.87 |
Total | 5,607,210,319.09 | 1,190,454,750.62 | 3,553,666,032.24 | 725,315,725.10 |
(2)ListsofDeferredIncomeTaxLiabilitieswithoutOffset
Item | Endingbalance | Beginningbalance | ||
Taxabletemporarydifference | DeferredincometaxliabilitiesLiability | Taxabletemporarydifference | DeferredincometaxliabilitiesLiability | |
Estimatedaddedvalueofassetsnotunderthesamecontrol | 193,084,308.55 | 41,509,033.61 | 225,287,542.61 | 46,262,753.72 |
Prepaidinterest | 46,965,768.40 | 11,741,442.10 | 51,003,370.16 | 12,750,842.54 |
Accelerateddepreciationoffixedassets | 4,406,228.55 | 1,376,446.54 | 6,990,324.63 | 1,596,656.16 |
Financialassetsatfairvaluethroughprofitorloss | 98,900,582.49 | 24,725,145.63 | 27,830,779.75 | 6,957,694.94 |
Others | 42,438,733.89 | 10,183,869.09 | 37,306,538.44 | 9,326,634.61 |
Total | 385,795,621.88 | 89,535,936.97 | 348,418,555.59 | 76,894,581.97 |
(3)ListofUnrecognizedDeferredIncomeTaxAssets
Item | Endingbalance | Beginningbalance |
Item | Endingbalance | Beginningbalance |
Deductiblelosses | 2,114,844,242.75 | 2,210,991,564.05 |
Deductibletemporarydifference | 2,967,427,358.07 | 2,024,354,413.51 |
Total | 5,082,271,600.82 | 4,235,345,977.56 |
(4)DeductibleLossesofUnrecognizedDeferredIncomeTaxAssetswillDueintheFollowingYears
Year | Endingbalance | Beginningbalance | Remarks |
2022 | 338,228,367.62 | ||
2023 | 134,203,193.22 | 150,048,845.66 | |
2024 | 92,292,924.99 | 192,104,714.11 | |
2025 | 136,655,028.18 | 503,798,833.87 | |
2026 | 263,654,830.43 | 1,026,810,802.79 | |
2027andfollowingyears | 1,488,038,265.93 | ||
Total | 2,114,844,242.75 | 2,210,991,564.05 |
23.OtherNon-currentAssets
Item | Endingbalance | ||
Carryingbalance | Impairmentprovision | Carryingvalue | |
Prepaymentforland-purchase | 1,459,111,732.63 | 1,459,111,732.63 | |
Prepaymentforconstruction,equipmentandotherlong-termassets | 251,133,645.63 | 251,133,645.63 | |
Total | 1,710,245,378.26 | 1,710,245,378.26 |
(Continued)
Item | Openingbalance | ||
Carryingbalance | Impairmentprovision | Carryingvalue | |
Prepaymentforland-purchase | 2,584,957,360.50 | 2,584,957,360.50 | |
Prepaymentforconstruction,equipmentandotherlong-termassets | 63,573,129.62 | 63,573,129.62 | |
Total | 2,648,530,490.12 | 2,648,530,490.12 |
24.Short-termBorrowings
(1)CategoryofShort-termBorrowings
Item | Endingbalance | Openingbalance | Note |
Creditloan | 5,252,631,775.26 | 7,178,420,980.60 | |
Guaranteeloan | 1,953,423,601.39 | 2,382,534,766.48 | ①②③④⑤⑥⑦⑧ |
Mortgageloan | 373,503,928.32 | 359,719,374.00 | ⑨⑩??? |
Total | 7,579,559,304.97 | 9,920,675,121.08 |
①TheCompanyprovidesjointandseveralliabilityguaranteefortheshort-termborrowingstotalingRMB996,869,990.28toitssubsidiariesElectronicTechnology,AnhuiKonka,DongguanKonka,SichuanKonka,YibinSmart,LiaoyangKangshunSmart,JiangxiKonka,JiangxiHigh-permeabilitySubstrate,XinfengMicrocrystalline,AnhuiTongchuang,andBokangPrecision.
②TheCompanyhasobtainedshort-termborrowingsamountingtoRMB801,014,444.44fromShenzhenChegongmiaoSub-branchofChinaEverbrightBankCo.,Ltd.,forwhichtheCompany'ssubsidiaryElectronicsTechnologyprovidesjointandseveralliabilityguaranteeatthemaximumamount.
③TheCompany'ssubsidiaryKonkaVentureshasobtainedshort-termborrowingsamountingtoRMB2,400,000.00fromShenzhenSub-branchofBankofHangzhouCo.,Ltd.,forwhichShenzhenHigh-techInvestmentandFinancingGuaranteeCo.,Ltd.providesguarantee.
④TheCompany'ssubsidiaryKonkaVentureshasobtainedshort-termborrowingsamountingtoRMB2,900,000.00fromShenzhenFutianSub-branchofBankofChinaCo.,Ltd.,forwhichShenzhenSMEFinancingGuaranteeCo.,Ltd.providesguarantee.
⑤AsubsidiaryoftheCompany,KonkaVentures,obtainedashort-termloanofRMB2,200,000.00fromBankofChina,ShenzhenFutianSub-branch,whichwasguaranteedbyShenzhenQianhaiDatangTechnologyCo.,Ltd.
⑥NingboKanghanruiElectric,asubsidiaryoftheCompany,obtainedashort-termloanofRMB20,000,000.00fromCixiCentralDistrictSub-branchofBankofNingboandwasguaranteedjointlyandseverallybytheCompanyandKEG.
⑦NingboKanghanruiElectric,asubsidiaryoftheCompany,obtainedashort-termloanofRMB30,000,000.00fromBankofChina,CixiGuanchengSub-branch,whichwasguaranteedjointlyandseverallybytheCompanyandKEGintheratioof3:2respectively.
⑧TheCompanyobtainedashort-termloanofRMB98,039,166.67fromCGB,ShenzhenBranch,whichwasjointlyandseverallyguaranteedbytheCompany'sparentcompany,OCTGroup.
⑨AnhuiKonka,asubsidiaryoftheCompany,obtainedashort-termloanofUS$599,255.55(equivalenttoRMB4,173,575.27)fromBankofChina,ChuzhouBranchbypledginglanduserightswithacarryingvalueofRMB36,665,009.33andbuildingsandconstructionswithacarryingvalueofRMB424,320,114.97ascollaterals.
⑩AnhuiKonka,asubsidiaryoftheCompany,obtainedashort-termloanofRMB140,200,700.27fromBankofChina,ChuzhouBranchbypledginglanduserightswitha
carryingvalueofRMB36,665,009.33andbuildingsandconstructionswithacarryingvalueofRMB424,320,114.97ascollaterals.
?JiangsuKonkaIntelligent,asubsidiaryoftheCompany,obtainedashort-termloanofRMB40,054,388.90fromtheChangzhouBranchofChinaZheshangBankCo.,Ltd.bypledginglanduserightswithacarryingvalueofRMB14,217,813.03andbuildingsandconstructionswithacarryingvalueofRMB38,126,186.72ascollaterals.?XingdaHongye,asubsidiaryoftheCompany,obtainedashort-termloanofRMB95,136,430.55fromZhongshanFushaSub-branchofZhongshanRuralCommercialBankCo.Ltd.byusinglanduserightswithacarryingvalueofRMB13,580,993.18andbuildingsandconstructionswithacarryingvalueofRMB37,968,854.48ascollateralsandpledgingtimedepositcertificatesofRMB19,800,000.00,withHuZehongprovidingjointandseveralguarantee.?AnhuiTongchuang,asubsidiaryoftheCompany,obtainedashort-termloanofRMB93,938,833.33fromChinaZheshangBank,HefeiBranchbypledginglanduserightswithacarryingvalueofRMB17,944,663.84andbuildingsandconstructionswithacarryingvalueofRMB145,172,450.55ascollaterals.
(2)OutstandingShort-termBorrowingsOverdueTherewerenooutstandingshort-termborrowingsoverdueattheperiod-end.
25.NotesPayable
Category | Endingbalance | Openingbalance |
Bank’sacceptancebill | 881,426,104.13 | 729,653,866.95 |
Commercialacceptancebill | 173,147,717.91 | 386,683,091.96 |
Total | 1,054,573,822.04 | 1,116,336,958.91 |
26.AccountsPayable
Item | Endingbalance | Openingbalance |
Within1year | 2,330,698,958.02 | 3,479,614,154.99 |
1to2years | 155,636,729.60 | 187,662,627.95 |
2to3years | 89,142,446.14 | 85,964,325.66 |
Over3years | 84,468,429.17 | 31,073,982.81 |
Total | 2,659,946,562.93 | 3,784,315,091.41 |
27.AdvancesfromCustomers
Typeofnote | Endingbalance | Openingbalance |
Rentals | 825.69 | |
Total | 825.69 |
28.ContractLiabilities
Item | Endingbalance | Openingbalance |
Salesadvancesreceived | 601,044,358.35 | 652,910,408.02 |
Total | 601,044,358.35 | 652,910,408.02 |
29.PayrollPayable
(1)ListofPayrollPayable
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
ListofShort-termSalary | 409,391,936.17 | 1,554,591,924.80 | 1,620,337,182.36 | 343,646,678.61 |
Post-employmentbenefit-definedcontributionplans | 1,203,348.63 | 118,201,755.04 | 114,804,499.69 | 4,600,603.98 |
Terminationbenefits | 151,800.00 | 27,369,218.97 | 27,160,097.51 | 360,921.46 |
Currentportionofotherbenefits | ||||
Total | 410,747,084.80 | 1,700,162,898.81 | 1,762,301,779.56 | 348,608,204.05 |
(2)ListofShort-termSalary
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
Salary,bonus,allowance,subsidy | 399,855,780.86 | 1,368,114,784.28 | 1,433,286,512.24 | 334,684,052.90 |
Welfareforemployees | 952,201.64 | 65,299,239.32 | 62,314,935.22 | 3,936,505.74 |
Socialsecurityexpense | 1,256,304.20 | 53,585,546.29 | 53,782,946.66 | 1,058,903.83 |
Ofwhich:Medicalinsurancepremiums | 955,995.78 | 48,193,997.49 | 48,607,940.30 | 542,052.97 |
Work-relatedinjuryinsurance | 68,005.10 | 3,158,080.97 | 2,967,539.00 | 258,547.07 |
Maternityinsurance | 232,303.32 | 2,233,467.83 | 2,207,467.36 | 258,303.79 |
Housingfund | 137,726.03 | 55,672,772.08 | 55,508,209.17 | 302,288.94 |
Laborunionbudgetandemployeeeducationbudget | 6,703,757.33 | 7,443,779.81 | 11,331,985.92 | 2,815,551.22 |
Short-termabsencewithpayment | ||||
Short-termprofitsharingplan | ||||
Others | 486,166.11 | 4,475,803.02 | 4,112,593.15 | 849,375.98 |
Total | 409,391,936.17 | 1,554,591,924.80 | 1,620,337,182.36 | 343,646,678.61 |
(3)ListofDefinedContributionPlan
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
Basicendowmentinsurance | 1,109,814.46 | 115,465,425.84 | 112,165,212.79 | 4,410,027.51 |
Unemploymentinsurance | 93,534.17 | 2,736,329.20 | 2,639,286.90 | 190,576.47 |
Annuity | ||||
Total | 1,203,348.63 | 118,201,755.04 | 114,804,499.69 | 4,600,603.98 |
30.TaxandFeesPayables
Item | Endingbalance | Openingbalance |
Corporateincometax | 178,994,811.66 | 168,026,929.08 |
VAT | 60,178,835.36 | 59,692,464.80 |
Fundfordisposingabandonedappliancesandelectronicproducts | 14,716,729.00 | 30,077,111.00 |
Urbanmaintenanceandconstructiontax | 3,710,919.05 | 3,696,423.98 |
EducationfeesandlocaleducationSurcharge | 2,735,721.75 | 2,840,889.56 |
Stampduty | 9,955,063.53 | 6,255,372.18 |
Landusetax | 11,028,106.31 | 8,812,080.36 |
Personalincometax | 2,477,590.24 | 9,602,569.88 |
Propertytax | 4,511,721.21 | 4,287,226.80 |
Customsduty | 1,624,434.41 | 1,962,596.87 |
Others | 1,168,746.84 | 571,505.90 |
Total | 291,102,679.36 | 295,825,170.41 |
31.OtherPayables
Item | Endingbalance | Openingbalance |
Interestpayable | 29,590,464.00 | 174,383,177.08 |
Otherpayables | 1,866,120,909.34 | 1,613,794,571.51 |
Total | 1,895,711,373.34 | 1,788,177,748.59 |
31.1InterestsPayable
Item | Endingbalance | Openingbalance |
Interestoncorporatebonds | 171,218,888.92 | |
Interestonlong-termborrowingswithinterestpaidbyinstallmentandprincipal | 29,271,307.22 |
Item | Endingbalance | Openingbalance |
paidatmaturity | ||
Interestpayableonshort-termborrowings | 319,156.78 | 3,164,288.16 |
Others | 29,590,464.00 | 174,383,177.08 |
31.2OtherPayables
(1)ListedbyNatureofAccount
Nature | Endingbalance | Openingbalance |
Intercoursefunds | 677,014,483.12 | 177,524,073.79 |
Expensespayable | 538,693,780.45 | 755,393,561.40 |
Relatedpartyborrowing | 286,552,967.74 | 313,104,212.26 |
Cashdepositandfront | 286,952,679.25 | 240,638,514.04 |
Advancemoney | 5,482,995.92 | 8,282,111.32 |
Equitytransferpayment | 6,302,796.96 | 67,482,796.96 |
Others | 65,121,205.90 | 51,369,301.74 |
Total | 1,866,120,909.34 | 1,613,794,571.51 |
(2)OtherSignificantPayablesAgingoverOneYear
Nameofentity | Endingbalance | Unpaid/Un-carry-overreason |
TheThirdConstructionEngineetingCompanyLtd.ofChinaConstructionSecondEngineeringBureau | 37,401,559.68 | Notyetdueforpayment |
Total | 37,401,559.68 |
32.Non-currentliabilitiesduewithinoneyear
Item | Endingbalance | Openingbalance |
Currentportionoflong-termborrowings | 249,391,640.39 | 2,087,374,444.43 |
Currentportionoflong-termpayables | 139,213,550.70 | 270,119,697.71 |
Bondspayableduewithin1year | 2,700,000,000.00 | |
Leaseliabilitiesduewithin1year | 20,614,839.60 | 32,092,127.18 |
Total | 409,220,030.69 | 5,089,586,269.32 |
33.OtherCurrentLiabilities
Item | Endingbalance | Openingbalance |
Accountspayablewithtradeacceptancenotes | 26,744,560.49 | 63,854,223.36 |
Item | Endingbalance | Openingbalance |
Taxtobechargedoff | 21,806,789.93 | 30,629,396.14 |
Refundspayable | 19,898,433.29 | 15,258,568.74 |
Total | 68,449,783.71 | 109,742,188.24 |
34.Long-termBorrowings
(1)CategoryofLong-termBorrowings
Item | Endingbalance | Openingbalance | Note |
Guaranteeloan | 3,116,984,312.66 | 3,185,072,777.76 | a)b)c)d)e)f) |
Mortgageloan | 849,816,227.52 | 638,086,279.01 | g)h)i)j)k) |
Entrustedborrowings | 2,595,372,200.43 | 1,322,271,760.09 | l) |
Creditloan | 2,536,925,213.87 | 471,084,166.66 | |
Pledgeloan | 57,225,088.80 | m)n) | |
Less:Currentportion | 249,391,640.39 | 2,087,374,444.43 | |
Total | 8,906,931,402.89 | 3,529,140,539.09 |
a)TheCompanyhasobtainedlong-termborrowingsamountingtoRMB1,844,741,249.94fromShenzhenBranchofChinaGuangfaBankCo.,Ltd.,thetermofwhichisfrom24June2021to22August2025,andforwhichtheCompany'sparentcompanyOCTGroupprovidesjointandseveralliabilityguaranteeatthemaximumamount.
b)TheCompanyhasobtainedlong-termborrowingsamountingtoRMB10,007,777.78fromShenzhenBranchofChinaDevelopmentBankCo.,Ltd.,thetermofwhichisfrom22December2022to22December2025,andforwhichtheCompany'sparentcompanyOCTGroupprovidesjointandseveralliabilityguaranteeatthemaximumamount.
c)TheCompanyhasobtainedlong-termborrowingsamountingtoRMB1,001,054,166.66fromtheExport-ImportBankofChina,thetermofwhichisfrom22June2022to21June2024,andforwhichtheCompany'sparentcompanyOCTGroupprovidesjointandseveralliabilityguaranteeatthemaximumamount.
d)TheCompany'ssubsidiaryAnhuiKonkahasobtainedlong-termborrowingsamountingtoRMB140,177,527.78fromChuzhouPlazaSub-branchofChinaConstructionBankCo.,Ltd.,ofwhichthetermisfrom29October2021to26October2026,andforwhichtheCompanyprovidesjointandseveralliabilityguarantee.
e)TheCompany'ssubsidiaryKonkaXinyunSemiconductorTechnology(Yancheng)Co.,
Ltd.hasobtainedlong-termborrowingsamountingtoRMB71,276,580.00fromYanchengBranchofHuaXiaBankCo.,Ltd.,thetermofwhichisfrom15September2021to21August2026,andforwhichtheCompanyanditssubsidiaryKowinMemoryTechnology(Shenzhen)Co.,Limitedprovidejointandseveralliabilityguaranteeatthemaximumamount.f)TheCompany'ssubsidiaryXingDaHongYehasobtainedlong-termborrowingsamountingtoRMB49,727,010.50fromZhuhaiBranchofXiamenInternationalBankCo.,Ltd.,andforwhichtheCompanyprovidesjointandseveralliabilityguarantee.g)TheCompanyhasobtainedlong-termborrowingsamountingtoRMB423,651,638.20fromGuanlanSub-branchofShenzhenRuralCommercialBankCo.,Ltd.,thetermofwhichisfrom22January2021to22January2026,andforwhichitprovideslanduserightsofacarryingvalueofRMB5,478,330.62andinvestmentpropertiesofacarryingvalueofRMB104,066,818.20andhousingbuildingsofacarryingvalueofRMB75,596,340.49asmortgage.h)TheCompany'ssubsidiaryAnhuiKonkahasobtainedlong-termborrowingsamountingtoRMB73,412,096.90fromChuzhouBranchofIndustrialBankCo.,Ltd.,ofwhichthetermisfrom16July2021to15July2031,andforwhichitprovideslanduserightsofacarryingvalueofRMB18,408,866.67andhousingbuildingsofacarryingvalueofRMB190,336,701.09asmortgageandtheCompanyprovidesjointandseveralliabilityguarantee.
i)TheCompany'ssubsidiaryDongguanKonkahasobtainedlong-termborrowingsamountingtoRMB296,387,014.74fromDongguanFenggangSub-branchofAgriculturalBankofChinaCo.,Ltd.,thetermofwhichisfrom22June2021to21October2030,andforwhichitprovideslanduserightsofacarryingvalueofRMB189,901,786.67asmortgageandtheCompanyprovidesjointandseveralliabilityguarantee.
j)TheCompany'ssubsidiaryFrestecSmartHomehasobtainedlong-termborrowingsamountingtoRMB10,013,750.00fromXinxiangJiankangRoadSub-branchofChinaCITICBankCorporationLimited,thetermofwhichisfrom27October2022to4May2030,andforwhichitprovideslanduserightsofacarringvalueofRMB92,198,819.50asmortgageandtheCompanyaswellasMengHonggang,thelegalpersonofChuzhouHanshangElectricApplianceCo.,Ltd.,providejointandseveralliabilityguaranteerespectivelyat51%and49%.
k)TheCompany'ssubsidiaryChongqingKonkahasobtainedlong-termborrowingsamountingtoRMB46,351,727.68fromXinxiangJiankangRoadSub-branchofChinaCITICBankCorporationLimited,thetermofwhichisfrom30December2022to19December2037,
andforwhichitprovideshousingbuildingsofacarryingvalueofRMB343,759,703.75andlanduserightsofacarringvalueofRMB45,561,847.85asmortgageandtheCompanyprovidejointandseveralliabilityguaranteeatthemaximumamount.l)TheCompany'sparentcompanyOCTGrouphasextendedentrustedloansamountingto
RMB2,595,372,200.43totheCompanythroughChinaMerchantsBankCo.,Ltd.,thetermofwhichisfrom10January2022to25February2024.
m)TheCompany'ssubsidiaryYibinKangrunMedicalhasobtainedlong-termborrowings
amountingtoRMB20,526,934.75fromYibinSub-BranchofPostalSavingsBankofChinaCo.,Ltd.withtheaccountsreceivablearisingfromtheprospectiveearningsfromaconcessionagreementwithanappraisalvalueofRMB595,900,000.00aspledge,andthetermthereofisfrom30June2022to15April2040.n)TheCompany'ssubsidiaryYibinKangrunMedicalhasobtainedlong-termborrowings
amountingtoRMB36,698,154.05fromYibinSub-BranchofIndustrialandCommercialBankofChinaCo.,Ltd.withtheaccountsreceivablearisingfromtheprospectiveearningsfromaconcessionagreementwithanappraisalvalueofRMB595,900,000.00aspledge,andthetermthereofisfrom30June2022to15April2040.
35.BondsPayable
(1)ListofBondsPayable
Item | Endingbalance | Beginningbalance |
Corporatebonds | 4,792,392,044.13 | 4,993,698,899.30 |
Less:Bondspayableduewithin1year | 2,700,000,000.00 | |
Total | 4,792,392,044.13 | 2,293,698,899.30 |
(2)ChangesofBondsPayable(ExcludingOtherFinancialInstrumentsDividedasFinancialLiabilitiessuchasPreferredSharesandPerpetualBonds)
Bondsname | Totalparvalue | Issuingdate | Duration | Issuingamount | Beginningbalance |
19Konka02(note①) | 1,500,000,000.00 | 14January2019 | 3years | 1,494,750,000.00 | 1,500,000,000.00 |
19Konka04(note②) | 500,000,000.00 | 3June2019 | 3years | 498,250,000.00 | 499,770,702.34 |
19Konka06 | 700,000,000.00 | 22July2019 | 3 | 697,550,000.00 | 699,614,779.74 |
Bondsname | Totalparvalue | Issuingdate | Duration | Issuingamount | Beginningbalance |
(note③) | years | ||||
21Konka01(note④) | 1,000,000,000.00 | 8January2021 | 3years | 996,500,000.00 | 997,798,742.17 |
21Konka02(note⑤) | 500,000,000.00 | 21May2021 | 3years | 498,250,000.00 | 498,715,932.92 |
21Konka03(note⑥) | 800,000,000.00 | 9July2021 | 3years | 797,200,000.00 | 797,798,742.13 |
22Konka01(note⑦) | 1,200,000,000.00 | 14July2022 | 3years | 1,195,800,000.00 | |
22Konka03(note⑧) | 600,000,000.00 | 8September2022 | 3years | 597,900,000.00 | |
22Konka05(note⑨) | 600,000,000.00 | 18October2022 | 3years | 597,900,000.00 | |
Total | 7,400,000,000.00 | 7,374,100,000.00 | 4,993,698,899.30 |
(continued)
Name | IssuedintheReportingPeriod | Interestaccruedatparvalue | Amortizationofpremiumanddepreciation |
19Konka02(note①) | 3,125,000.00 | ||
19Konka04(note②) | 9,791,666.69 | 229,297.66 | |
19Konka06(note③) | 18,460,555.56 | 385,220.26 | |
21Konka01(note④) | 43,732,777.82 | 1,100,628.96 | |
21Konka02(note⑤) | 12,277,777.80 | 550,314.48 | |
21Konka03(note⑥) | 15,185,555.54 | 880,503.12 | |
22Konka01(note⑦) | 1,195,800,000.00 | 19,380,000.00 | 898,113.18 |
22Konka03(note⑧) | 597,900,000.00 | 6,600,000.00 | 338,993.73 |
22Konka05(note⑨) | 597,900,000.00 | 5,250,000.00 | 283,962.28 |
Total | 2,391,600,000.00 | 133,803,333.41 | 4,667,033.67 |
(continued)
Name | RepaidintheReportingPeriod | Endingbalance |
19Konka02(note①) | 1,503,125,000.00 | |
19Konka04(note②) | 509,791,666.69 |
Name | RepaidintheReportingPeriod | Endingbalance |
19Konka06(note③) | 718,460,555.56 | |
21Konka01(note④) | 1,042,632,148.95 | |
21Konka02(note⑤) | 511,544,025.20 | |
21Konka03(note⑥) | 813,864,800.79 | |
22Konka01(note⑦) | 1,216,078,113.18 | |
22Konka03(note⑧) | 604,838,993.73 | |
22Konka05(note⑨) | 603,433,962.28 | |
Total | 2,731,377,222.25 | 4,792,392,044.13 |
Note1:
①On14January2019,theCompanyissuedRMB1.5billionofprivateplacementofcorporatebondswiththedurationof3years,theannualinterestrateof5.00%andtheduedateof14January2022."19Konka02"hasbeenfullypaidanddelistedfromtheexchangeon14January2022.②On3June2019,theCompanyissuedRMB500millionofprivateplacementofcorporatebondswiththedurationof3years,theannualinterestrateof4.70%andtheduedateof3June2022."19Konka04"hasbeenfullypaidanddelistedfromtheexchangeon3June2022.③On22July2019,theCompanyissuedRMB700millionofprivateplacementofcorporatebondswiththedurationof3years,theannualinterestrateof4.70%andtheduedateof22July2022."19Konka06"hasbeenfullypaidanddelistedfromtheexchangeon22July2022.④On8January2021,theCompanyissuedRMB1billionofprivateplacementofcorporatebondswiththedurationof3years,theannualinterestrateof4.46%andtheduedateof8January2024.⑤On21May2021,theCompanyissuedRMB500millionofprivateplacementofcorporatebondswiththedurationof3years,theannualinterestrateof4.00%andtheduedateof21May2024.⑥On9July2021,theCompanyissuedRMB800millionofprivateplacementofcorporatebondswiththedurationof3years,theannualinterestrateof3.95%andtheduedateof9July2024.⑦On14July2022,theCompanyissuedRMB1.2billionofpublicissuanceofcorporatebondswiththedurationof3years,theannualinterestrateof3.23%andtheduedateof14July2025.⑧On8September2022,theCompanyissuedRMB600millionofprivateplacementofcorporate
bondswiththedurationof3years,theannualinterestrateof3.30%andtheduedateof8September2025.
⑨On18October2022,theCompanyissuedRMB600millionofprivateplacementofcorporatebondswiththedurationof3years,theannualinterestrateof3.50%andtheduedateof18October2025.Note2:OCTGroupprovidedfull-amount,unconditionalandirrevocablejointandseveralliabilityguaranteefortheduepaymentofthepublicissuanceandprivateplacementofcorporatebonds.Note3:Thecurrentyear'srepaymentsincludeprincipalandinterest
36.LeaseLiabilities
Item | Endingbalance | Openingbalance |
Leaseliabilities | 57,201,478.76 | 74,624,996.81 |
Less:Leaseliabilitiesduewithin1year(seeNoteVI-32) | 20,614,839.60 | 32,092,127.18 |
Total | 36,586,639.16 | 42,532,869.63 |
37.Long-termPayables
Item | Endingbalance | Openingbalance |
Accruedfinancingleaseoutlay | 152,547,691.61 | 434,481,614.08 |
Less:Unrecognizedfinancingexpenses | 5,370,013.73 | 23,674,345.59 |
Less:Currentportion(seeNoteVI-32) | 139,213,550.70 | 270,119,697.71 |
Total | 7,964,127.18 | 140,687,570.78 |
38.Long-termEmployeeRemunerationPayables
Item | Endingbalance | Openingbalance |
Terminationbenefits-netliabilitiesofdefinedcontributionplans | 4,894,209.73 | 5,111,296.75 |
Total | 4,894,209.73 | 5,111,296.75 |
39.AccruedLiabilities
Item | Endingbalance | Openingbalance | Reasonforformation |
Productqualityassurance | 74,590,486.63 | 106,069,944.34 | “Threeguarantees”after-salesofhome |
Item | Endingbalance | Openingbalance | Reasonforformation |
appliances | |||
Performancecompensation | 82,723,436.52 | ||
Pendinglawsuits | 206,591.51 | 206,591.51 | |
Discardexpenses | 1,875,064.89 | ||
Total | 159,395,579.55 | 106,276,535.85 |
40.DeferredRevenue
Item | Openingbalance | Increase | Decrease | Endingbalance | Formationreason |
Governmentgrants | 206,302,424.92 | 162,651,491.70 | 34,108,950.31 | 334,844,966.31 | Relatedtoaaassets/income |
Total | 206,302,424.92 | 162,651,491.70 | 34,108,950.31 | 334,844,966.31 |
40.1CategoryofDeferredIncome
ListofGovernmentSubsidy | Openingbalance | Increase | Amountincludedinnon-operatingincomethisyear | Amountincludedinotherincomethisyear | Otherchanges | Endingbalance | Relatedtoassets/income |
PlantconstructionsubsidyforYibinKonkaIndustrialPark | 71,448,167.88 | 36,489,600.00 | 2,072,799.11 | 105,864,968.77 | Relatedtoassets | ||
MedicalwastecentralizedtreatmentprojectinGaoxianCounty,YibinCity | 4,583,311.51 | 24,088,001.42 | 265,475.12 | 28,405,837.81 | Relatedtoassets | ||
SubsidyforindustrialR&D | 20,000,000.00 | 20,000,000.00 | Relatedtoassets | ||||
ReturnedpaymentsforlandbyChongqingKonka | 18,720,000.03 | 392,727.24 | 18,327,272.79 | Relatedtoassets | |||
Relocationsubsidy | 13,085,700.00 | 13,085,700.00 | Relatedtoincome | ||||
PlantdecorationsubsidyforYibinKonkaTechnologyPark | 12,952,939.23 | 1,439,215.43 | 11,513,723.80 | Relatedtoassets | |||
Specialfundsforsupportingthedevelopmentofadvanced | 11,440,000.00 | 11,440,000.00 | Relatedtoassets |
ListofGovernmentSubsidy | Openingbalance | Increase | Amountincludedinnon-operatingincomethisyear | Amountincludedinotherincomethisyear | Otherchanges | Endingbalance | Relatedtoassets/income |
manufacturingandmodernserviceindustries | |||||||
Subsidyforhigh-techinnovationandoperationinYancheng | 11,373,198.33 | 777,166.72 | 10,596,031.61 | Relatedtoassets | |||
Othergovernmentsubsidiesrelatedtoassets/income | 67,224,807.94 | 77,548,190.28 | 24,161,566.69 | 5,000,000.00 | 115,611,431.53 | Relatedtoassets/income | |
Total | 206,302,424.92 | 162,651,491.70 | 29,108,950.31 | 5,000,000.00 | 334,844,966.31 |
Note:OtherchangesrefertothattheendingdeferredincomedecreasedRMB5millionduetothelossofcontrolbyHefeiKONSEMIStorageTechnologyCo.,Ltd.
41.OtherNon-currentLiabilities
Item | Endingbalance | Openingbalance |
Contractliabilitiesoveroneyear | 314,233,260.08 | 104,610,663.76 |
Total | 314,233,260.08 | 104,610,663.76 |
42.ShareCapital
Item | Openingbalance | Changeinthisyear(+,-) | Endingbalance | ||||
Newsharesissued | Bonusshares | Bonusissuefromprofit | Others | Subtotal | |||
Totalshares | 2,407,945,408.00 | 2,407,945,408.00 |
43.CapitalSurplus
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
Othercapitalreserves | 234,389,963.10 | 135,806,760.09 | 4,949,362.14 | 365,247,361.05 |
Total | 234,389,963.10 | 135,806,760.09 | 4,949,362.14 | 365,247,361.05 |
Note:Capitalreservesforthecurrentperiod-othercapitalreservesincreaseanddecrease
duetothemainreasons:
a)TheshareholdingcompanyShandongEconTechnologyCo.,Ltd.increasedcapitaland
shares,resultinginanincreaseinothercapitalreservesofRMB135,296,760.09;
b)OthercapitalreservesincreasedbyRMB510,000.00duetothedonationsbytheminority
shareholdersofthesubsidiaryShengxingIndustrial;
c)ThedisposalofpartoftheequityofChutianDragonSmartCardCo.,Ltd.,ledtothe
reductionofothercapitalreservesbyRMB4,765,728.77.;
d)ThedisposalofpartoftheequityofChongqingYPFunTechnologyCo.,Ltd.,ledinthe
reductionofothercapitalreservesbyRMB183,633.37.
44.OtherComprehensiveIncome
Item | BeginningoftheyearBalance | Amountincurredinthisyear | EndingBalance | |||||
Amountincurredbeforeincometaxinthisyear | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossintheCurrentPeriod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsintheCurrentPeriod | Less:Incometaxexpense | AttributabletoownersoftheCompanyastheparentaftertax | Attributabletonon-controllinginterestsaftertax | |||
I.Othercomprehensiveincomethatmaynotbereclassifiedtoprofitorloss | -6,398,878.20 | -6,398,878.20 | ||||||
Changesinfairvalueofotherequityinstrumentinvestment\ | -6,398,878.20 | -6,398,878.20 | ||||||
Others | ||||||||
II.Othercomprehensiveincome | -13,937,209.67 | 7,669,161.80 | 6,070,906.24 | 1,598,255.56 | -7,866,303.43 |
Item | BeginningoftheyearBalance | Amountincurredinthisyear | EndingBalance | |||||
Amountincurredbeforeincometaxinthisyear | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossintheCurrentPeriod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsintheCurrentPeriod | Less:Incometaxexpense | AttributabletoownersoftheCompanyastheparentaftertax | Attributabletonon-controllinginterestsaftertax | |||
thatmaysubsequentlybereclassifiedtoprofitorloss | ||||||||
Ofwhich:Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | -1,215,133.65 | -2,814,803.62 | -2,814,803.62 | -4,029,937.27 | ||||
Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | -12,722,076.02 | 10,483,965.42 | 8,885,709.86 | 1,598,255.56 | -3,836,366.16 |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
Item | BeginningoftheyearBalance | Amountincurredinthisyear | EndingBalance | |||||
Amountincurredbeforeincometaxinthisyear | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossintheCurrentPeriod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsintheCurrentPeriod | Less:Incometaxexpense | AttributabletoownersoftheCompanyastheparentaftertax | Attributabletonon-controllinginterestsaftertax | |||
Totalofothercomprehensiveincome | -20,336,087.87 | 7,669,161.80 | 6,070,906.24 | 1,598,255.56 | -14,265,181.63 |
45.SurplusReserve
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
Statutorysurplusreserves | 1,005,961,774.19 | 1,005,961,774.19 | ||
Discretionalsurplusreserves | 238,218,590.05 | 238,218,590.05 | ||
Total | 1,244,180,364.24 | 1,244,180,364.24 |
46.RetainedEarnings
Item | ThisYear | Lastyear |
ClosingBalanceofLastYear | 5,229,098,788.94 | 4,595,371,391.63 |
Add:Totalbeginningbalanceofretainedearningsbeforeadjustments | ||
Ofwhich:changeofaccountingpolicy | ||
Correctionofimportantpriorperioderrors | ||
Consolidationscopechangesunderthesamecontrol | ||
Otheradjustmentfactors | ||
OpeningBalanceofCurrentYear | 5,229,098,788.94 | 4,595,371,391.63 |
Add:NetprofitattributabletoownersoftheCompanyastheparent | -1,471,409,748.21 | 905,352,997.68 |
Othercomprehensiveincomecarriedforwardtoretainedearnings | 1,628,195.00 | |
Less:Withdrawalofstatutorysurplusreserve | 32,459,254.57 | |
Withdrawalofdiscretionalsurplusreserves | ||
Dividendofordinarysharespayable | 120,397,270.40 | 240,794,540.80 |
ClosingBalanceoftheCurrentPeriod | 3,637,291,770.33 | 5,229,098,788.94 |
47.OperatingRevenueandCostofSales
(1)OperatingRevenueandCostofSales
Item | Amountincurredinthisyear | Amountincurredlastyear | ||
Revenue | Cost | Revenue | Cost | |
Lucrativebusiness | 28,607,497,919.19 | 28,075,348,270.98 | 48,232,324,902.09 | 46,690,427,987.52 |
Item | Amountincurredinthisyear | Amountincurredlastyear | ||
Others | 1,000,356,336.08 | 713,290,122.90 | 874,188,767.49 | 711,456,994.01 |
Total | 29,607,854,255.27 | 28,788,638,393.88 | 49,106,513,669.58 | 47,401,884,981.53 |
(
)ListofDeductionfromOperatingIncome
Item | Thisyear(RMB) | Details | Sameperiodoflastyear(RMB) | Details |
Amountofoperatingincome | 29,607,854,255.27 | 49,106,513,669.58 | ||
Totalamountofitemsdeductedfromoperatingincome | 823,347,409.73 | 579,266,272.20 | ||
Proportionofthetotalamountofitemsdeductedfromoperationincomeinoperatingincome(%) | 2.78 | 1.18 | ||
I.Businessincomeirrelevanttoprincipalbusiness | ||||
1.Otherbusinessincomeoutsidenormalbusiness.E.g.,incomefromtheleaseoffixedassets,intangibleassets,packagingmaterials,salesmaterials,non-monetaryassetexchangewithmaterialsandoperationofentrustedmanagementbusiness,andincomethatisincludedintheincomefromprimarybusinessbutisoutsidethe | 823,347,409.73 | Incomefromsalesofwasteproducts,utilitybills,rentalincome,incomefrommaterialsalesandotherincomenotrelatedtothemainbusiness | 579,266,272.20 | Incomefromsalesofwasteproducts,utilitybills,rentalincome,incomefrommaterialsalesandotherincomenotrelatedtothemainbusiness |
Item | Thisyear(RMB) | Details | Sameperiodoflastyear(RMB) | Details |
normalbusinessofthelistedcompany. | ||||
2.Incomefromnon-qualifiedpseudo-bankingbusinesses;suchasinterestincomefromborrowedfunds;incomefromnewpseudo-bankingbusinessesinthereportingandpreviousfiscalyears,suchasincomefromguarantee,commercialfactoring,smallloans,financeleaseandpawn,exceptfinanceleasebusinessconductedforthesaleofprimaryproducts. | ||||
3.Incomefromnewtradingbusinessesinthereportingandpreviousfiscalyears. | ||||
4.Incomefromrelatedtransactionsirrelevanttotheexistingnormaloperationbusinessesofthelistedcompany. | ||||
5.Incomeofsubsidiariesacquiredinbusinesscombinationunderthe |
Item | Thisyear(RMB) | Details | Sameperiodoflastyear(RMB) | Details |
samecontrolfromtheperiod-beginningtothecombinationdate. | ||||
6.Incomefrombusinessesthathavenotyethadoraredifficulttohaveastablebusinessmodel. | ||||
Subtotalofbusinessincomeirrelevanttoprincipalbusiness | 823,347,409.73 | 579,266,272.20 | ||
II.Incomewithoutcommercialsubstance | ||||
1.Incomefromtransactionsoreventsthatdonotsignificantlyaltertherisk,timingoramountoffuturecashflowsofthecompany. | ||||
2.Incomefromtransactionswithouttruebusiness.E.g.,falseincomerealizedinthewayofself-transactionandfalseincomefromtransactionsbymeansofInternettechnologyoreelseotherwise. | ||||
3.Incomefrombusinessesatunfairtradeprices. | ||||
4.Incomefrom |
Item | Thisyear(RMB) | Details | Sameperiodoflastyear(RMB) | Details |
subsidiariesorbusinessesacquiredinbusinesscombinationatunfairconsiderationsorbynon-tradingmeansinthereportingfiscalyear. | ||||
5.Incomeinvolvedinnon-standardauditopinionsinauditopinions. | ||||
6.Otherincomefromtransactionsoreventswithoutcommercialrationality. | ||||
Subtotalofincomewithoutcommercialsubstance | ||||
III.Otherincomeirrelevanttoprincipalbusinessorwithoutcommercialsubstance | ||||
Amountofoperatingincomeafterdeduction | 28,784,506,845.54 | 48,527,247,397.38 |
(3)DetailsofIncomefromContracts
Categoryofcontracts | Amountincurredinthisyear | Total |
Productcategories | ||
Ofwhich:Industrytradebusiness | 16,052,517,705.95 | 16,052,517,705.95 |
ColorTVbusiness | 5,023,097,945.06 | 5,023,097,945.06 |
WhiteGoodsSub-Division | 3,929,504,730.97 | 3,929,504,730.97 |
Categoryofcontracts | Amountincurredinthisyear | Total |
EnvironmentalProtectionSub-Division | 1,548,557,255.52 | 1,548,557,255.52 |
PCBbusiness | 663,849,487.53 | 663,849,487.53 |
Semi-conductorbusiness | 134,579,890.70 | 134,579,890.70 |
Others | 2,255,747,239.54 | 2,255,747,239.54 |
Total | 29,607,854,255.27 | 29,607,854,255.27 |
Classifiedbyoperatingregion | ||
Ofwhich:Domestic | 14,845,908,414.38 | 14,845,908,414.38 |
Overseas | 14,761,945,840.89 | 14,761,945,840.89 |
Total | 29,607,854,255.27 | 29,607,854,255.27 |
(
)MainOperations(Classifiedbyproduct)
Item | Amountincurredinthisyear | Amountincurredlastyear | ||
Revenue | Cost | Revenue | Cost | |
Industrytradebusiness | 16,052,517,705.95 | 15,948,127,861.17 | 29,682,677,483.94 | 29,514,534,704.12 |
ColorTVbusiness | 5,023,097,945.06 | 5,081,621,150.13 | 7,300,340,878.11 | 6,922,606,555.81 |
WhiteGoodsSub-Division | 3,929,504,730.97 | 3,523,413,567.24 | 3,699,285,362.91 | 3,395,382,780.50 |
EnvironmentalProtectionSub-Division | 1,548,557,255.52 | 1,511,874,387.74 | 4,354,614,711.52 | 4,030,685,013.80 |
PCBbusiness | 663,849,487.53 | 627,609,981.96 | 913,703,904.09 | 852,737,298.50 |
Semi-conductorbusiness | 134,579,890.70 | 148,687,958.92 | 321,958,525.17 | 306,296,431.81 |
Others | 1,255,390,903.46 | 1,234,013,363.82 | 1,959,744,036.35 | 1,668,185,202.98 |
Total | 28,607,497,919.19 | 28,075,348,270.98 | 48,232,324,902.09 | 46,690,427,987.52 |
(
)Informationinrelationtothetradepriceapportionedtotheresidualcontractperformanceobligation:
Theamountofrevenuecorrespondingtoperformanceobligationsthathavebeensignedbuthavenotyetbeenfulfilledorcompletedattheendoftheyearis1265398010.74yuan,ofwhich1248710925.11yuanisexpectedtoberecognizedasrevenuein2023,andtheremaining16687085.63yuanisexpectedtoberecognizedasrevenuein2024andsubsequentyears.
48.TaxesandSurcharges
Item | Amountincurredinthisyear | Amountincurredlastyear |
Stampduty | 39,436,591.84 | 37,561,315.54 |
Landusetax | 27,096,008.05 | 25,605,090.28 |
Urbanmaintenanceandconstructiontax | 14,998,902.21 | 14,388,124.18 |
Propertytax | 25,401,754.51 | 11,346,770.43 |
EducationSurcharge | 6,410,329.82 | 7,253,707.52 |
Localeducationsurcharge | 4,993,164.43 | 3,648,187.79 |
Waterresourcesfund | 590,860.27 | 697,990.97 |
Others | 412,208.88 | 6,577,488.45 |
Total | 119,339,820.01 | 107,078,675.16 |
49.SalesCosts
Item | Amountincurredinthisyear | Amountincurredlastyear |
Advertisingexpense | 362,795,424.61 | 371,795,626.31 |
Employeeremuneration | 349,085,455.73 | 394,544,994.62 |
Warrantyfee | 162,483,458.52 | 190,310,768.84 |
Promotionalactivities | 132,984,672.13 | 157,616,787.85 |
LogisticFee | 76,005,945.85 | 99,881,005.27 |
Taxesandfund | 43,602,463.99 | 65,692,017.16 |
Rentalcharges | 20,000,782.87 | 21,204,278.37 |
Travelexpense | 16,412,701.43 | 20,432,505.61 |
Entertainmentexpenses | 12,319,781.49 | 15,367,291.49 |
Exhibitionexpenses | 3,049,900.87 | 8,819,407.71 |
Others | 61,404,148.28 | 82,398,212.14 |
Total | 1,240,144,735.77 | 1,428,062,895.37 |
50.ManagementCosts
Item | Amountincurredinthisyear | Amountincurredlastyear |
Employeeremuneration | 536,410,042.48 | 563,542,871.74 |
Depreciationcharge | 181,356,034.20 | 127,774,142.65 |
Item | Amountincurredinthisyear | Amountincurredlastyear |
Intermediaryfees | 70,364,121.16 | 51,683,999.24 |
Utilitybills | 15,251,139.78 | 10,672,898.71 |
Travelexpense | 11,799,889.35 | 18,560,183.40 |
Lossonscrapingofinventories | 5,066,889.35 | 4,813,357.43 |
Patentfees | 369,573.26 | 26,798,865.14 |
Others | 129,029,900.70 | 156,602,798.81 |
Total | 949,647,590.28 | 960,449,117.12 |
51.R&DExpenses
Item | Amountincurredinthisyear | Amountincurredlastyear |
Laborcost | 291,536,802.63 | 307,372,953.90 |
Depreciationandamortizationexpense | 76,242,059.21 | 79,082,388.10 |
Newproducttrialproductionexpense | 53,488,226.67 | 86,850,733.52 |
Materialexpense | 38,872,892.09 | 36,669,220.05 |
Commissionservicefee | 13,376,731.07 | 38,572,290.59 |
Testingexpense | 4,302,928.77 | 5,327,812.07 |
Informationusefee | 918,800.49 | 3,154,499.61 |
Others | 65,143,583.96 | 59,305,590.17 |
Total | 543,882,024.89 | 616,335,488.01 |
52.FinancialExpenses
Item | Amountincurredinthisyear | Amountincurredlastyear |
Interestexpense | 913,721,408.10 | 1,003,080,641.99 |
Less:Interestincome | 237,115,652.09 | 169,492,982.89 |
Add:Exchangeloss | -198,292,207.05 | 70,202,754.70 |
Otherexpenses | 44,110,194.22 | 48,851,859.95 |
Total | 522,423,743.18 | 952,642,273.75 |
53.OtherIncome
Sources | Amountincurredinthisyear | Amountincurredlastyear |
Supportfunds | 695,511,711.98 | 881,725,458.00 |
Rewardsandsubsidies | 138,985,910.13 | 176,611,973.06 |
Transferofdeferredincome | 29,108,950.31 | 261,773,501.33 |
Softwaretaxrefund | 12,377,884.09 | 12,585,857.26 |
Postsubsidies | 5,205,565.67 | 2,454,397.17 |
SubsidiesforL/Cexports | 348,111.95 | 314,298.00 |
Taxrefundandreturn | 47,174,366.68 | 18,069,095.29 |
Total | 928,712,500.81 | 1,353,534,580.11 |
54.InvestmentReturns
Item | Amountincurredinthisyear | Amountincurredlastyear |
Long-termequityinvestmentincomeaccountedbyequitymethod | 123,392,731.97 | 78,926,555.74 |
Investmentincomefromdisposaloflong-termequityinvestment | 509,249,136.96 | 2,854,953,098.82 |
Investmentincomefromdisposaloftradingfinancialassets | ||
Incomefromremeasurementofresidualstockrightsatfairvalueafterlosingcontrolpower | 239,092,139.68 | 1,169,723,182.43 |
Interestincomeearnedoninvestmentindebtobligationsduringtheholdingperiod | 69,651,317.87 | 73,807,616.46 |
Incomefromentrustfinancialproductsandentrustloans | ||
Adjustedinvestmentincomewithunrealizedprofitincurredfromcountercurrenttransactions | ||
Investmentincomefromdisposaloffinancialassetsatfairvaluethroughprofitorloss | -5,378,929.04 | 39,396,495.93 |
Total | 936,006,397.44 | 4,216,806,949.38 |
55.IncomefromChangesinFairValue
Sources | Amountincurredinthisyear | Amountincurredlastyear |
Financialassetsatfairvaluethroughprofitorloss | 4,560,753.18 | 52,490,907.33 |
Estimatedperformancecompensation | -45,292,086.72 | |
Total | -40,731,333.54 | 52,490,907.33 |
56.CreditImpairmentLoss
Item | Amountincurredinthisyear | Amountincurredlastyear |
Baddebtlossofnotesreceivable | 4,405,405.84 | 17,539,258.26 |
Baddebtlossofaccountsreceivable | -437,154,564.05 | -429,297,822.53 |
Baddebtlossofotherreceivables | -517,135,861.32 | -695,515,117.04 |
Total | -949,885,019.53 | -1,107,273,681.31 |
57.ImpairmentLossesonAssets
Item | Amountincurredinthisyear | Amountincurredlastyear |
Inventorydepreciationlossandcontractperformancecostimpairmentloss | -156,563,428.63 | -160,020,309.63 |
ContractualAssetImpairmentLoss | 12,125,778.69 | |
Impairmentlossonlong-termequityinvestment | -266,531,254.30 | |
Impairmentlossesonfixedassets | -71,089,375.71 | -3,770,121.13 |
Impairmentlossesongoodwill | -185,773,986.72 | |
Impairmentlossesonconstructioninprogress | -63,705,515.70 | -327,586.21 |
Impairmentlossesonintangibleassets | -4,037,532.29 | -38,804,906.72 |
Total | -295,395,852.33 | -643,102,386.02 |
58.AssetDisposalIncome(“-”forloss)
Item | Amountincurredinthisyear | Amountincurredlastyear | Amountrecordedinnon-recurringprofitorlossinthisyear |
Incomesfromdisposalofdisposalgroupsheldforsale | |||
Incomesfromdisposalofnon-currentassets | 9,580,708.29 | 571,964.16 | 9,580,708.29 |
Including:incomesfromdisposalofnon-currentassetsnotclassifiedastheheld-for-saleassets | 9,580,708.29 | 571,964.16 | 9,580,708.29 |
Ofwhich:Fixedassetsdisposalincome | -2,675,226.73 | 571,964.16 | -2,675,226.73 |
Intangibleassetsdisposalincome | 12,241,030.45 | 12,241,030.45 | |
Right-of-useassetsdisposalincome | 14,904.57 | 14,904.57 | |
Incomefromnon-monetaryassetexchange | |||
Incomefromthedisposalofnon-currentassetsindebtrestructuring | |||
Total | 9,580,708.29 | 571,964.16 | 9,580,708.29 |
59.Non-operatingIncome
(
)ListofNon-operatingIncome
Item | Amountincurredinthisyear | Amountincurredlastyear | Amountrecordedinnon-recurringprofitorlossinthisyear |
Performancecompensationincome | 72,653,782.00 | 4,200,000.00 | 72,653,782.00 |
Compensationandpenaltyincome
Compensationandpenaltyincome | 21,714,054.35 | 47,249,011.10 | 21,714,054.35 |
Gainsondamageandscrapofnon-currentassets | 917,512.09 | 361,063.43 | 917,512.09 |
GovernmentsubsidiesunrelatedtothenormaloperationoftheCompany | 11,428,586.31 | ||
Incomefromdebtrestructuring | 19,777.25 | ||
Others | 29,853,693.56 | 19,343,094.26 | 29,853,693.56 |
Total | 125,139,042.00 | 82,601,532.35 | 125,139,042.00 |
(
)GovernmentSubsidiesRecordedinCurrentProfitorLossNosuchcasesintheReportingPeriod.
60.Non-operatingExpenses
Item | Amountofcurrentyear | Amountofpreviousyear | Amountrecordedinnon-recurringprofitorlossinthisyear |
Abnormalinventoryloss | 148,669,068.79 | 148,669,068.79 | |
Performancecompensation | 37,431,349.80 | 37,431,349.80 | |
Compensationexpense | 3,369,768.80 | 1,634,178.14 | 3,369,768.80 |
Lossondamageandscrapofnon-currentassets | 3,340,817.47 | 6,920,746.88 | 3,340,817.47 |
Others | 31,913,240.98 | 15,889,799.33 | 31,913,240.98 |
Total | 224,724,245.84 | 24,444,724.35 | 224,724,245.84 |
Note:Theabnormallossofinventoryisthelosscausedbytheforcedauctionofthesubsidiarycompanyaffectedbythecaseofminorityshareholders,andthecompanyhasnotwaivedtheclaim..
61.IncomeTaxExpenses
(1)IncomeTaxExpenses
Item | Amountincurredinthisyear | Amountincurredlastyear |
Incometaxexpenseoftheyear | 155,149,364.07 | 282,256,027.61 |
Deferredincometaxexpense | -452,505,929.62 | 482,288,526.58 |
Item | Amountincurredinthisyear | Amountincurredlastyear |
Total | -297,356,565.55 | 764,544,554.19 |
(2)AdjustmentProcessofAccountingProfitandIncomeTaxExpense
Item | Amountincurredinthisyear |
Totalconsolidatedprofitofthisyear | -2,067,519,855.44 |
Currentincometaxexpenseaccountedatstatutory/applicabletaxrate | -516,879,963.86 |
Influenceofapplyingdifferenttaxratesbysubsidiaries | 101,322,820.25 |
Influenceofincometaxbeforeadjustment | -1,690,336.55 |
Influenceofnon-taxableincome | -97,122,352.54 |
Influenceofnon-deductiblecosts,expensesandlosses | 28,749,700.21 |
Theeffectofusingdeductiblelossesofdeferredincometaxassetsthathavenotbeenrecognizedinthepreviousperiod | -37,507,141.07 |
InfluenceofdeductibletemporarydifferenceordeductiblelossesofunrecognizeddeferredincometaxintheReportingPeriod | 299,873,382.77 |
Changesinthebalanceofdeferredincometaxassets/liabilitiesinpreviousperiodduetoadjustmentoftaxrate | -388,122.22 |
Others | -73,714,552.54 |
Incometaxexpenses | -297,356,565.55 |
62.OtherComprehensiveIncomeFordetails,referto"NoteVI-44OtherComprehensiveIncome".
63.CashFlowStatement
(1)CashGeneratedfrom/UsedinOtherOperating/Investing/FinancingActivities1)Othercashreceivedfrombusinessactivities
Item | Amountincurredinthisyear | Amountincurredlastyear |
Incomefromgovernmentsubsidy | 1,022,967,081.76 | 1,127,630,135.26 |
Frontmoneyandguaranteedeposit | 259,156,351.64 | 425,177,436.15 |
Intercoursefunds | 38,841,937.19 | 209,797,069.63 |
Interestincomefrombankdeposits | 81,268,409.97 | 71,275,968.05 |
Item | Amountincurredinthisyear | Amountincurredlastyear |
Thecommercialfactoringpayment | 43,656,915.89 | 2,793,522.48 |
Compensationandpenaltyincome | 13,515,680.81 | 16,337,009.60 |
Others | 137,680,649.87 | 163,971,164.55 |
Total | 1,597,087,027.13 | 2,016,982,305.72 |
)Cashpaymentsrelatedtootheroperatingactivities
Item | Amountincurredinthisyear | Amountincurredlastyear |
Expenseforcashpayment | 1,284,221,978.23 | 1,312,250,512.94 |
Paymentforguaranteedeposit,cashdeposit | 428,549,076.52 | 296,141,059.53 |
Paymentmadeonbehalf | 26,621,620.91 | 21,862,378.10 |
Expenseforbankhandlingcharges | 4,742,304.06 | 19,675,970.82 |
Others | 225,268,008.86 | 491,244,850.65 |
Total | 1,969,402,988.58 | 2,141,174,772.04 |
)Othercashreceivedfrominvestmentactivities
Item | Amountincurredinthisyear | Amountincurredlastyear |
Recoveryoffundsborrowing | 3,860,647,680.07 | 1,962,465,274.48 |
Cashreceivedfromacquisitionofsubsidiaries | 2,000.00 | 23,694.03 |
Others | 127,885,628.35 | 425,985,130.82 |
Total | 3,988,535,308.42 | 2,388,474,099.33 |
)Othercashpaidforinvestmentactivities
Item | Amountincurredinthisyear | Amountincurredlastyear |
Paymentforfundsborrowing | 479,034,898.06 | 421,590,000.00 |
Cashpaidfordisposalofsubsidiaries | 512,222,301.34 | |
Others | 2,979,556.70 | 176,545,630.00 |
Total | 482,014,454.76 | 1,110,357,931.34 |
5)Othercashreceivedfromfundingactivities
Item | Amountincurredinthisyear | Amountincurredlastyear |
Recoveryofmargindepositpledged | 363,847,783.60 | 443,925,442.47 |
Item | Amountincurredinthisyear | Amountincurredlastyear |
Recoveryofmargindepositpledged | 363,847,783.60 | 443,925,442.47 |
Receivingfundsborrowing | 161,410,093.19 | 504,555,407.07 |
Financingleaseaccounts | 38,000,000.00 | |
Others | 28,100.03 | 32,643,873.47 |
Total | 525,285,976.82 | 1,019,124,723.01 |
6)Othercashpaidforfundingactivities
Item | Amountincurredinthisyear | Amountincurredlastyear |
Depositasmarginforpledge | 378,218,165.91 | 289,851,369.48 |
Financeleases | 299,950,091.11 | 468,899,445.22 |
Repaymentoffundsborrowing | 142,068,831.60 | 50,523,144.79 |
Financingcost | 37,111,326.66 | 31,538,566.39 |
Others | 1,816,055.32 | 87,815,061.07 |
Total | 859,164,470.60 | 928,627,586.95 |
(2)SupplementalInformationforCashFlowStatement
Item | Amountincurredinthisyear | Amountincurredlastyear |
1.Reconciliationofnetprofittonetcashflowsgeneratedfromoperatingactivities | ||
Netprofit | -1,770,163,289.89 | 806,700,826.10 |
Add:Provisionforimpairmentofassets | 295,395,852.33 | 643,102,386.02 |
Creditimpairmentloss | 949,885,019.53 | 1,107,273,681.31 |
Depreciationoffixedassets,oil-gasassets,andproductivebiologicalassets | 396,581,885.62 | 389,517,753.75 |
Depreciationofright-of-useassets | 46,766,548.09 | 46,547,315.20 |
Amortizationofintangibleassets | 49,235,482.54 | 80,425,143.85 |
Amortizationoflong-termprepaidexpenses | 113,357,073.06 | 81,281,582.15 |
Lossesondisposaloffixedassets,intangibleassetsandotherlong-livedassets(gains:negative) | -9,580,708.29 | -571,964.16 |
Item | Amountincurredinthisyear | Amountincurredlastyear |
Lossesonscrapoffixedassets(gains:negative) | 2,423,305.38 | 6,559,683.45 |
Lossesonchangesinfairvalue(gains:negative) | 40,731,333.54 | -52,490,907.33 |
Financecosts(gains:negative) | 796,256,399.85 | 953,288,367.31 |
Investmentloss(gains:negative) | -936,006,397.44 | -4,216,806,949.38 |
Decreaseindeferredincometaxassets(gains:negative) | -465,158,595.63 | 480,269,955.17 |
Increaseindeferredincometaxliabilities(“-”meansdecrease) | 12,641,355.00 | 6,665,936.98 |
Decreaseininventories(gains:negative) | -509,708,316.12 | 215,494,199.22 |
Decreaseinaccountsreceivablegeneratedfromoperatingactivities(gains:negative) | 1,536,953,154.05 | 316,775,883.03 |
Increaseinaccountspayableusedinoperatingactivities(decrease:negative) | -1,048,804,193.14 | 206,077,002.77 |
Others | -29,108,950.31 | -261,353,501.33 |
Netcashflowfromoperatingactivities | -528,303,041.83 | 808,756,394.11 |
2.Significantinvestingandfinancingactivitieswithoutinvolvementofcashreceiptsandpayments | ||
Conversionofdebttocapital | ||
Convertiblecorporatebondsmaturedwithin1Year | ||
Fixedassetunderfinancelease | ||
3.Netincrease/decreaseofcashandcashequivalent: | ||
Endingbalanceofcash | 5,461,912,010.90 | 5,968,347,219.03 |
Less:Openingbalanceofcash | 5,968,347,219.03 | 4,298,056,113.24 |
Plus:Endingbalanceofcashequivalents | ||
Less:Openingbalanceofcash |
Item | Amountincurredinthisyear | Amountincurredlastyear |
equivalents | ||
Netincreaseincashandcashequivalents | -506,435,208.13 | 1,670,291,105.79 |
(3)NetCashPaidforAcquisitionofSubsidiariesthisYear
Item | Amountofcurrentyear |
Cashorcashequivalentspaidinthecurrentperiodforthebusinesscombinationoccurringinthecurrentperiod | 10,000.00 |
Ofwhich:GuangdongJinshengConstructionEngineeringCo.,Ltd. | 10,000.00 |
Less:cashandcashequivalentsheldbysubsidiariesonthepurchasedate | 10,000.00 |
Ofwhich:GuangdongJinshengConstructionEngineeringCo.,Ltd. | 10,000.00 |
Add:CashorcashequivalentspaidintheReportingPeriodforthebusinesscombinationoccuringinthepriorperiod | |
Netcashpaidforacquisitionofsubsidiaries |
(4)NetCashReceivefromDisposaloftheSubsidiaries
Item | Amountofcurrentyear |
CashorcashequivalentsreceivedintheReportingPeriodfromdisposalofsubsidiariesintheCurrentPeriod | 302,280,000.00 |
Ofwhich:SichuanChengruiRealEstateCo.,Ltd. | 27,280,000.00 |
Xi’anHuashengJiachengRealEstateCo.,Ltd. | 220,000,000.00 |
KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. | 55,000,000.00 |
Less:cashandcashequivalentsheldbysubsidiariesonthedateoflosingcontrolpower | 5,185,649.96 |
Ofwhich:SichuanChengruiRealEstateCo.,Ltd. | 1,845,348.16 |
Xi’anHuashengJiachengRealEstateCo.,Ltd. | 8,334.26 |
KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. | 3,331,967.54 |
Add:CashorcashequivalentsreceivedintheReportingPeriodfromdisposalofsubsidiariesinthepriorperiod | |
Netcashreceivedfromdisposalofsubsidiaries | 297,094,350.04 |
(5)CashandCashEquivalents
Item | Endingbalance | Beginningbalance |
Cash | 5,461,912,010.90 | 5,968,347,219.03 |
Including:Cashonhand | 14.78 | 363.22 |
Bankdepositondemand | 5,461,911,996.12 | 5,968,346,855.81 |
Endingbalanceofcashandcashequivalents | 5,461,912,010.90 | 5,968,347,219.03 |
64.ItemsintheStatementofChangesinShareholders'Equity
Thereisno“other”amounttoadjusttheamountattheendofthepreviousyearinthisperiod.
65.AssetswithRestrictedOwnershiporRighttoUse
Item | Endingcarringbalance | Reasonforrestriction |
Monetarycapital | 526,183,479.81 | Amongthem,RMB435,167,024.52isthemargindeposit,whichispledgedforborrowingmoneyorissuingbankacceptancebills;RMB305,405.41forfinancialsupervisionaccountfunds;RMB69,800,000.00istimedepositthatcannotbewithdrawninadvance;RMB20,911,049.88isrestrictedduetootherreasons. |
Notesreceivable | 504,958,051.41 | Pledgeformakingoutaninvoice |
Stock | 49,679,547.48 | Affectedbythecaseoftheminorityshareholderofthesubsidiary,theinventorywaswronglyseized,andthecompanydidnotgiveuptheclaim. |
Investmentproperty | 104,066,818.20 | Mortgageloan |
Fixedassets | 1,437,778,232.95 | Mortgageformakingoutaninvoice,financeleasemortgage,mortgageloan,originalshareholderguaranteemortgage |
Intangibleassets | 512,162,337.46 | Mortgageloan,financingleasemortgage,originalshareholderguaranteemortgage |
Constructioninprogress | 229,757,971.08 | Financeleasemortgage |
Total | 3,364,586,438.39 |
66.ForeignCurrencyMonetaryItems
(1)ForeignCurrencyMonetaryItems
Item | Endingbalanceofforeigncurrencies | Exchangerate | EndingbalanceinRMB |
MonetaryAssets | |||
Ofwhich:USD | 106,315,046.38 | 6.96460 | 740,441,772.02 |
EUR | 2,726,066.73 | 7.42290 | 20,235,320.73 |
EGP | 68,434,211.39 | 0.28134 | 19,253,281.03 |
GBP | 1.32 | 8.39410 | 11.08 |
HKD | 11,827,196.41 | 0.89327 | 10,564,879.74 |
CAD | 6.96 | 5.13850 | 35.76 |
PLN | 3,860,748.89 | 1.58781 | 6,130,118.91 |
AccountsReceivable | |||
Ofwhich:USD | 86,909,542.13 | 6.96460 | 605,290,197.12 |
EUR | 1,634,533.25 | 7.42290 | 12,132,976.86 |
EGP | 17,377,975.23 | 0.28134 | 4,889,119.55 |
HKD | 58,598,699.43 | 0.89327 | 52,344,460.24 |
AUD | 49,764.00 | 4.71380 | 234,577.54 |
OtherReceivables | |||
Ofwhich:USD | 111,545,094.65 | 6.96460 | 776,866,966.20 |
EGP | 134,051.34 | 0.28134 | 37,714.00 |
HKD | 1,693,608.98 | 0.89327 | 1,512,850.09 |
JPY | 21,400,000.00 | 0.05236 | 1,120,461.20 |
Short-termborrowings | |||
Ofwhich:USD | 15,090,462.34 | 6.96460 | 105,099,034.01 |
Accountspayable | |||
Ofwhich:USD | 24,084,328.20 | 6.96460 | 167,737,712.18 |
EUR | 100,199.23 | 7.42290 | 743,768.86 |
EGP | 21,623,757.13 | 0.28134 | 6,083,627.83 |
GBP | 4,419.42 | 8.39410 | 37,097.05 |
HKD | 39,282,168.35 | 0.89327 | 35,089,582.52 |
Otherpayables | |||
Ofwhich:USD | 205,546.18 | 6.96460 | 1,431,546.93 |
EUR | 2,782,163.76 | 7.42290 | 20,651,723.37 |
EGP | 115,585.15 | 0.28134 | 32,518.73 |
GBP | 4,419.42 | 8.39410 | 37,097.05 |
Item | Endingbalanceofforeigncurrencies | Exchangerate | EndingbalanceinRMB |
HKD | 19,660,731.61 | 0.89327 | 17,562,341.73 |
Interestpayable | |||
Ofwhich:USD | 10,875.01 | 6.96460 | 75,740.09 |
(2)NotestoOverseasEntitiesThesignificantoverseasentitiesincludeHongKongKonka,KonkaElectricalAppliancesInternationalTrading,ChainKingdomMemoryTechnologies,Kangjietong,JialiInternational,KowinMemory(HongKong)andKonkaMobility.ThemainoverseasoperatingplaceisHongKong.TheCompany’srecordingcurrencyisHKDsincethemaincurrencyincirculationinHongKongisHKD.
67.GovernmentSubsidies
(1)BasicInformationonGovernmentSubsidy
Project | Amount | Listeditems | Amountrecordedinthecurrentprofitorloss |
IndustrialsupportfundstoShaanxiKonka | 285,000,000.00 | Otherincome | 285,000,000.00 |
IndustrialsupportfundstoSichuanKonka | 135,351,711.98 | Otherincome | 135,351,711.98 |
IndustrialsupportfundstoXi’an | 88,160,000.00 | Otherincome | 88,160,000.00 |
IndustrialsupportfundstoJiangxiIndustrialPark | 60,000,000.00 | Otherincome | 60,000,000.00 |
IndustrialsupportfundstoZhejiang | 50,000,000.00 | Otherincome | 50,000,000.00 |
IndustrialsupportfundstoSongyang | 45,000,000.00 | Otherincome | 45,000,000.00 |
IndustrialsupportfundstoNorthChina | 20,000,000.00 | Otherincome | 20,000,000.00 |
IndustrialsupportfundstoSuining | 12,000,000.00 | Otherincome | 12,000,000.00 |
Others | 329,271,544.07 | Otherincome/deferredincome,et | 175,890,725.16 |
Project | Amount | Listeditems | Amountrecordedinthecurrentprofitorloss |
c. | |||
Total | 1,024,783,256.05 | 871,402,437.14 |
(2)ReturnofGovernmentSubsidy
NosuchcasesintheReportingPeriod.VII.ChangesofConsolidationScope
1.BusinessCombinationNotundertheSameControl
(1)BusinessCombinationNotundertheSameControlintheReportingPeriod
Nameofacquiree | Timeandplaceofgainingtheequity | Costofgainingtheequity(RMB) | Proportionofequity | Waytogaintheequity | Purchasedate | Recognitionbasisofpurchasedate | Incomeofacquireefromthepurchasedatetoperiod-end | Netprofitsofacquireefromthepurchasedatetoperiod-end(RMB) |
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | 4July2022 | 8,000.00 | 80.00 | Cashpurchase | 4July2022 | Actualcontrol | -12,424,633.57 | |
ShenzhenKonkaDigitalTechnologyDevelopmentCo.,Ltd.(FormerlyknownasShenzhenJinshengConstructionEngineeringCo.,Ltd.) | 19September2022 | 10,000.00 | 100.00 | Cashpurchase | 19September2022 | Actualcontrol | 4.95 |
(
)CombinationCostandGoodwill
Item | SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | ShenzhenKonkaDigitalTechnologyDevelopmentCo.,Ltd. |
--Cash | 8,000.00 | 10,000.00 |
Totalcombinationcost | 8,000.00 | 10,000.00 |
Less:fairvalueofidentifiablenetassetsacquired | 8,000.00 | 10,000.00 |
Theamountofgoodwill/combinedcostlessthanthefairvalueshareofidentifiablenetassetsobtained |
Note:Thefairvalueofcombinationcostshallbedeterminedbasedontheevaluatinresultofappraisalagencies.
(
)TheIdentifiableAssetsandLiabilitiesofAcquireeonPurchaseDate
Item | SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | ShenzhenKonkaDigitalTechnologyDevelopmentCo.,Ltd. | ||
Fairvalueonpurchasedate | Carryingvalueonpurchasedate | Fairvalueonpurchasedate | Carryingvalueonpurchasedate | |
Assets: | ||||
Monetaryassets | 10,000.00 | 10,000.00 | 10,000.00 | 10,000.00 |
Netassets | 10,000.00 | 10,000.00 | 10,000.00 | 10,000.00 |
Less:Non-controllinginterests | 2,000.00 | |||
Netassetsacquired | 8,000.00 | 10,000.00 |
Note:
①ThefairvalueofidentifiableassetsorliabilitiesofthemergedsubsidiarySichuanHongxinchenCompanywasevaluatedbyBeijingZhongtianheAssetEvaluationCo.,Ltd.andanassetevaluationreport(ZTH[222]PingZiNo.90065)wasissuedonJune30,2022.Accordingtotheassetbasedapproach,theappraisalvalueofallshareholders'equityofSichuanHongxinchenCompanyonthebenchmarkdateofJune15,2022wasRMB10000.
②Thefairvalueofidentifiableassetsorliabilitiesofthemergedsubsidiary,DigitalTechnologyCompany,wasassessedbyShenzhenPengxinAssetAppraisalLandRealEstateAppraisalCo.,Ltd.andanassetevaluationreportwasissuedonAugust3,2022.Accordingtotheassetbasedmethod,thetotalequityofshareholdersofDigitalTechnologyCompanywasassessedat
RMB10000onthebenchmarkdateofMay31,2022.
2.Disposalofsubsidiary
Name | Theequitydisposalprice | Equitydisposalproportion(%) | Methodofequitydisposal | Timeoflosingcontrol | Recognitionbasisforthetimeoflosingcontrolpower | Thedifferencesofenjoyednetassetsshareofthesubsidiaryincorrespondingconsolidatedstatementsofthedisposalpriceandthedisposalinvestment(RMB’0,000) |
WuhanIndustrialDevelopment | 5,500.00 | 55.00 | Transfer | 28June2022 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 4,865.34 |
Xi'anHuasheng | 22,000.00 | 100.00 | Transfer | 28June2022 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 12,128.87 |
SichuanChengrui | 2,728.00 | 31.00 | Transfer | 31March2022 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 2,124.42 |
(continued)
Name | Residualequityproportiononthedateoflosingcontrolpower(%) | Carryingvalueofresidualequityonthedateoflosingcontrolpower(RMB’0,000) | Fairvalueofresidualequityonthedateoflosingcontrolpower(RMB’0,000) | Gainsorlossesfromre-measurementofresidualequityatfairvalue(RMB’0,000) | Recognitionmethodandmainassumptionoffairvalueofresidualequityonthedateoflosingcontrolpower | Amountofothercomprehensiveincomerelatedtoformersubsidiariestransferredintoinvestmentprofitorloss(RMB’0,000) |
WuhanIndustrial | 45.00 | 519.27 | 4,500.00 | 3,980.73 | Evaluatedprice |
Name | Residualequityproportiononthedateoflosingcontrolpower(%) | Carryingvalueofresidualequityonthedateoflosingcontrolpower(RMB’0,000) | Fairvalueofresidualequityonthedateoflosingcontrolpower(RMB’0,000) | Gainsorlossesfromre-measurementofresidualequityatfairvalue(RMB’0,000) | Recognitionmethodandmainassumptionoffairvalueofresidualequityonthedateoflosingcontrolpower | Amountofothercomprehensiveincomerelatedtoformersubsidiariestransferredintoinvestmentprofitorloss(RMB’0,000) |
Development | ||||||
Xi'anHuasheng | Evaluatedprice | |||||
SichuanChengrui | 49.00 | 954.77 | 4,312.00 | 3,357.23 | Evaluatedprice |
3.Changeofmergerscopeforotherreasons
(1)SubsidiariesEstablishedbytheCompanyintheReportingPeriod
Name | Registeredcapital | Shareholdingpercentage(%) | Timeandplaceofobtainingcontrolpower | Wayofgaining |
JiangxiKonkaHigh-techPark | 5,000.00 | 100.00 | 27April2022 | Newlyestablished |
ShangraoKonkaElectronicTechnologyInnovation | 3,000.00 | 100.00 | 27April2022 | Newlyestablished |
GuizhouKonkaNewEnergy | 10,000.00 | 98.00 | 11May2022 | Newlyestablished |
ZhejiangKonkaElectronic | 3,000.00 | 100.00 | 20June2022 | Newlyestablished |
ZhejiangKonkaTechnologyIndustry | 3,000.00 | 100.00 | 20June2022 | Newlyestablished |
Xi'anKonkaIntelligent | 500.00 | 51.00 | 22July2022 | Newlyestablished |
Xi'anKonkaNetwork | 5,000.00 | 100.00 | 1August2022 | Newlyestablished |
Xi'anKanghongTechnologyIndustry | 3,000.00 | 100.00 | 1August2022 | Newlyestablished |
Xi'anKonkaIntelligentTechnology | 5,000.00 | 100.00 | 1August2022 | Newlyestablished |
ChongqingFangbingRealEstate | 2,000.00 | 80.00 | 19August2022 | Newlyestablished |
ChongqingKonkaLowCarbon | 1,500.00 | 55.00 | 30September2022 | Newlyestablished |
KanghongXintong | 10,000.00 | 95.09 | 21October2022 | Newlyestablished |
SongyangIndustryOperation | 1,500.00 | 51.00 | 26October2022 | Newlyestablished |
KangyanTechnology | 1,000.00 | 100.00 | 28October2022 | Newlyestablished |
KonkaPhotovoltaicTechnology | 15,000.00 | 60.00 | 9October2022 | Newlyestablished |
SongyangKonkaIntelligent | 3,000.00 | 100.00 | 26October2022 | Newly |
Name | Registeredcapital | Shareholdingpercentage(%) | Timeandplaceofobtainingcontrolpower | Wayofgaining |
established | ||||
KonkaNorthChina | 3,000.00 | 100.00 | 10October2022 | Newlyestablished |
ZhongshanKanghong | 100.00 | 51.00 | 14October2022 | Newlyestablished |
(2)Cancellationofsubsidiariesinthecurrentyear
Name | Registeredcapital | Shareholdingpercentage(%) | Liquidationcompletiontime |
ShanghaiXinfeng | 1,066.40 | 51.00 | 10February2022 |
YantaiLaikang | 1,000.00 | 51.00 | 4August2022 |
JiangxiKonkaIndustrialPark | 10,000.00 | 70.00 | 25May2022 |
RuichangKangruiRealEstate | 1,000.00 | 70.00 | 25May2022 |
YijiakangIntelligent | 2,000.00 | 100.00 | 9December2022 |
GuizhouKangkaiMaterial | 1,000.00 | 51.00 | 29December2022 |
(3)Others
①TheCompany’ssubsidiaryHefeiKONSEMIintroducedstrategicinvestorsandincreasedthecapital,whichcausedthedecreaseoftheCompany’sshareholdingproportionto34.459459%andtransferofcontrolpower.Anditwillnolongerbeincludedintotheconsolidationscope.
VIII.EquityinOtherEntities
1.EquityinSubsidiary
(1)Subsidiaries
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
1 | KonkaVentures | Guangdong,Shenzhen | Guangdong,Shenzhen | Enterprisemanagementconsulting,incubationmanagement,housingleasing,etc. | 51 | Establishmentorinvestment | |
2 | YantaiKonka | Shandong,Yantai | Shandong,Yantai | Otherprofessionalconsultationandinvestigation | 51 | Establishmentorinvestment | |
3 | ChengduAnren | Sichuan,Chengdu | Sichuan,Chengdu | Enterpriseincubationmanagement | 51 | Establishmentorinvestment | |
4 | KonkaEnterpriseService | Guizhou,Guiyang | Guizhou,Guiyang | Enterprisemanagementconsulting | 51 | Establishmentorinvestment | |
5 | YibinKonkaIncubator | Sichuan,Yibin | Sichuan,Yibin | Commercialservices | 51 | Establishmentorinvestment | |
6 | AnhuiKonka | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturingindustry | 78 | Establishmentorinvestment | |
7 | KangzhiTrade | Anhui,Chuzhou | Anhui,Chuzhou | Wholesale | 78 | Establishmentorinvestment | |
8 | KonkaFactoring | Guangdong,Shenzhen | Guangdong,Shenzhen | Insuranceagents(non-bankfinance) | 100 | Establishmentorinvestment | |
9 | KonkaUnifortune | Guangdong,Shenzhen | Guangdong,Shenzhen | Tradeandservices | 51 | Establishmentorinvestment | |
10 | JialiInternational | China,HongKong | China,HongKong | Tradeandservices | 51 | Establishmentorinvestment | |
11 | Wankaida | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwaredevelopment | 100 | Establishmentorinvestment |
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
12 | DongguanKonka | Guangdong,Dongguan | Guangdong,Dongguan | Manufacturingindustry | 75 | 25 | Establishmentorinvestment |
13 | SuiningKonkaSmart | Sichuan,Suining | Sichuan,Suining | Wholesale | 100 | Establishmentorinvestment | |
14 | KonkaEurope | Germany,Frankfurt | Germany,Frankfurt | Internationaltrade | 100 | Establishmentorinvestment | |
15 | TelecommunicationTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Manufacturingindustry | 75 | 25 | Establishmentorinvestment |
16 | KonkaMobility | China,HongKong | China,HongKong | Commercial | 100 | Establishmentorinvestment | |
17 | MobileInterconnection | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercial | 100 | Establishmentorinvestment | |
18 | SichuanKonka | Sichuan,Yibin | Sichuan,Yibin | Manufacturingindustry | 100 | Establishmentorinvestment | |
19 | YibinSmart | Sichuan,Yibin | Sichuan,Yibin | Manufacturingindustry | 100 | Establishmentorinvestment | |
20 | AnhuiTongchuang | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturingindustry | 100 | Establishmentorinvestment | |
21 | AnhuiElectricalAppliance | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturingindustry | 51 | Establishmentorinvestment | |
22 | FrestecRefrigeration | Henan,Xinxiang | Henan,Xinxiang | Manufacturingindustry | 51 | Establishmentorinvestment | |
23 | FrestecSmartHome | Henan,Xinxiang | Henan,Xinxiang | Manufacturingindustry | 51 | Establishmentorinvestment | |
24 | FrestecElectricalAppliances | Henan,Xinxiang | Henan,Xinxiang | Manufacturingindustry | 51 | Establishmentorinvestment | |
25 | FrestecHouseholdAppliances | Henan,Xinxiang | Henan,Xinxiang | Manufacturingindustry | 51 | Establishmentorinvestment | |
26 | JiangsuKonkaSmart | Jiangsu,Changzhou | Jiangsu,Changzhou | Manufacturing | 51 | Establishment |
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
orinvestment | |||||||
27 | Kangjiatong | Sichuan,Yibin | Sichuan,Yibin | Tradeandservices | 100 | Establishmentorinvestment | |
28 | PengrunTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Tradeandservices | 51 | Establishmentorinvestment | |
29 | JiaxinTechnology | China,HongKong | China,HongKong | Tradeandservices | 51 | Establishmentorinvestment | |
30 | BeijingKonkaElectronic | Beijing | Beijing | Saleofhomeappliance | 100 | Establishmentorinvestment | |
31 | KonkaLeasing | TianjinPilotFreeTradeZone | TianjinPilotFreeTradeZone | Serviceindustry | 100 | Establishmentorinvestment | |
32 | KonkaCircuit | Guangdong,Shenzhen | Guangdong,Shenzhen | Manufacturingindustry | 100 | Establishmentorinvestment | |
33 | BoluoPrecision | Guangdong,Boluo | Guangdong,Boluo | Manufacturingindustry | 100 | Establishmentorinvestment | |
34 | BoluoKonka | Guangdong,Boluo | Guangdong,Boluo | Manufacturingindustry | 100 | Establishmentorinvestment | |
35 | HongKongKonka | China,HongKong | China,HongKong | Internationaltrade | 100 | Establishmentorinvestment | |
36 | HongdinInvest | China,HongKong | China,HongKong | Investmentholding | 100 | Establishmentorinvestment | |
37 | ChainKingdomMemoryTechnologies | China,HongKong | China,HongKong | Internationaltrade | 51 | Establishmentorinvestment | |
38 | ChainKingdomMemoryTechnologies(Shenzhen) | Guangdong,Shenzhen | Guangdong,Shenzhen | Tradeandservices | 51 | Establishmentorinvestment | |
39 | Hongjet | China,HongKong | China,HongKong | Tradeandservices | 51 | Establishmentorinvestment | |
40 | HongdinTrading | China,HongKong | China,HongKong | Internationaltrade | 100 | Establishmentorinvestment |
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
41 | KanghaoTechnology | Egypt,Cairo | Egypt,Cairo | Internationaltrade | 67 | Establishmentorinvestment | |
42 | KonkaNorthAmerica | America,California | America,California | Internationaltrade | 100 | Establishmentorinvestment | |
43 | KonkaInvestment | Guangdong,Shenzhen | Guangdong,Shenzhen | Capitalmarketservices | 100 | Establishmentorinvestment | |
44 | YibinKonkaTechnologyPark | Sichuan,Yibin | Sichuan,Yibin | Industrialparkdevelopmentandoperationmanagement | 100 | Establishmentorinvestment | |
45 | KonkaCapital | Guangdong,Shenzhen | Guangdong,Shenzhen | Capitalmarketservices | 100 | Establishmentorinvestment | |
46 | KonkaSuiyong | Guangdong,Shenzhen | Guangdong,Shenzhen | Businessserviceindustry | 51 | Establishmentorinvestment | |
47 | ShengxingIndustrial | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 51 | Establishmentorinvestment | |
48 | ZhitongTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwareandinformationtechnologyservices | 51 | Establishmentorinvestment | |
49 | ElectronicsTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Manufacturingindustry | 100 | Establishmentorinvestment | |
50 | AnhuiZhilian | Anhui,Chuzhou | Anhui,Chuzhou | e-Commerce | 100 | Establishmentorinvestment | |
51 | Youzhihui | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwareandinformationtechnologyservices | 100 | Establishmentorinvestment | |
52 | XiaojiaTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Retailtrade | 100 | Establishmentorinvestment | |
53 | HaimenKonka | Jiangsu,Nantong | Jiangsu,Nantong | Tradeandservice | 100 | Establishmentorinvestment | |
54 | ChengduKonkaSmart | Sichuan,Chengdu | Sichuan,Chengdu | Tradeandservice | 100 | Establishmentorinvestment | |
55 | ChengduKonkaElectronic | Sichuan,Chengdu | Sichuan,Chengdu | Manufacturingindustry | 100 | Establishment |
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
orinvestment | |||||||
56 | XingDaHongYe | Zhongshan,Guangdong | Guangdong,Zhongshan | Manufacturingindustry | 51 | Establishmentorinvestment | |
57 | LiaoyangKangshunSmart | Liaoyang,Liaoning | Liaoyang,Liaoning | Wholesale | 100 | Establishmentorinvestment | |
58 | LiaoyangKangshunRenewable | Liaoyang,Liaoning | Liaoyang,Liaoning | Comprehensiveutilizationofrenewableresources | 100 | Establishmentorinvestment | |
59 | NanjingKonka | Jiangsu,Nanjing | Jiangsu,Nanjing | Wholesale | 100 | Establishmentorinvestment | |
60 | KonkaHuanjia | Dalian,Liaoning | Dalian,Liaoning | Renewableresourcesprocessingtrade | 51 | Establishmentorinvestment | |
61 | KonkaHuanjia(Henan) | Henan,Lankao | Henan,Lankao | Renewableresourceprocessingtrade | 51 | Establishmentorinvestment | |
62 | ShanghaiKonka | Shanghai | Shanghai | Realestate | 100 | Establishmentorinvestment | |
63 | YantaiKangjin | Shandong,Yantai | Shandong,Yantai | Realestate | 62.8 | Establishmentorinvestment | |
64 | JiangxiKonka | Jiangxi,Jiujiang | Jiangxi,Jiujiang | Manufacturingandprocessing | 51 | Establishmentorinvestment | |
65 | XinfengMicrocrystalline | Jiangxi,Nanchang | Jiangxi,Nanchang | Manufacturingandprocessing | 51 | Establishmentorinvestment | |
66 | JiangsuKonkaSpecialMaterial | Jiangsu | Yancheng | Wholesale | 51 | Establishmentorinvestment | |
67 | ShenzhenNianhua | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 100 | Establishmentorinvestment | |
68 | ShenzhenKONSEMI | Guangdong,Shenzhen | Guangdong,Shenzhen | Semiconductors | 100 | Establishmentorinvestment | |
69 | ChongqingKonka | Chongqing | Chongqing | Softwareandinformationtechnologyservices | 100 | Establishmentorinvestment |
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
70 | KonkaEco-Development | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 51 | Establishmentorinvestment | |
71 | SuiningKonkaIndustrialPark | Sichuan,Suining | Sichuan,Suining | Industrialparkdevelopmentandoperationmanagement | 100 | Establishmentorinvestment | |
72 | KonkaRonghe | Zhejiang,Jiaxing | Zhejiang,Jiaxing | Wholesaleandretailtrade | 51 | Establishmentorinvestment | |
73 | SuiningElectronicTechnologicalInnovation | Sichuan,Suining | Sichuan,Suining | Commercialservices | 100 | Establishmentorinvestment | |
74 | ShenzhenChuangzhiElectricalAppliances | Guangdong,Shenzhen | Guangdong,Shenzhen | Wholesale | 100 | Establishmentorinvestment | |
75 | Kanghong(Yantai)EnvironmentalProtection | Shandong,Yantai | Shandong,Yantai | Comprehensiveutilizationofabandonedresources | 51 | Establishmentorinvestment | |
76 | ChongqingKangxingrui | Chongqing | Chongqing | Recycling,processingandsalesofrenewableresources | 51 | Establishmentorinvestment | |
77 | ChongqingKangxingruiAutomobileRecycling | Chongqing | Chongqing | Recycling,processingandsalesofwasteresources | 51 | Establishmentorinvestment | |
78 | ChongqingOptoelectronicTechnologyResearchInstitute | Chongqing | Chongqing | Research&experimentdevelopment | 75 | Establishmentorinvestment | |
79 | KowinMemory(Shenzhen) | Guangdong,Shenzhen | Guangdong,Shenzhen | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
80 | KonkaXinyunSemiconductor | Yancheng,Jiangsu | Yancheng,Jiangsu | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
81 | Jiangkang(Shanghai)Technology | Shanghai | Shanghai | Research&experimentdevelopment | 51 | Establishmentorinvestment | |
82 | NingboKanghrElectricalAppliance | Zhejiang,Ningbo | Zhejiang,Ningbo | Electricalmachineryandequipmentmanufacturing | 60 | Establishmentorinvestment | |
83 | KonkaIntelligentManufacturing | Guangdong,Shenzhen | Guangdong,Shenzhen | Research&experimentdevelopment | 51 | Establishmentorinvestment | |
84 | SuiningJiarunProperty | Sichuan,Suining | Sichuan,Suining | Realestate | 100 | Establishment |
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
orinvestment | |||||||
85 | YibinKangrun | Yibin,Sichuan | Yibin,Sichuan | Ecologicalprotectionandenvironmentalgovernanceindustry | 67 | Establishmentorinvestment | |
86 | KonkaMaterial | Hainan,Haikou | Hainan,Haikou | Commercialservices | 100 | Establishmentorinvestment | |
87 | JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | Jiangxi,Jiujiang | Jiangxi,Jiujiang | Manufacturingandprocessing | 51 | Establishmentorinvestment | |
88 | NantongHongdin | Jiangsu,Nantong | Jiangsu,Nantong | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
89 | ChuzhouKonka | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturingindustry | 94.9 | Establishmentorinvestment | |
90 | KonkaSoftElectronic | Sichuan,Suining | Sichuan,Suining | Manufacturingindustry | 95 | Establishmentorinvestment | |
91 | KonkaHongyeElectronics | Sichuan,Suining | Sichuan,Suining | Manufacturingindustry | 90.1 | Establishmentorinvestment | |
92 | KowinMemory(HongKong) | HongKong | HongKong | Wholesaleofcomputers,softwareandauxiliaryequipment | 100 | Establishmentorinvestment | |
93 | IndustrialandTradeTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Wholesale | 100 | Establishmentorinvestment | |
94 | KonkaHuazhong | Hunan,Changsha | Hunan,Changsha | Businessserviceindustry | 100 | Establishmentorinvestment | |
95 | YibinKangrunMedical | Sichuan,Yibin | Sichuan,Yibin | Ecologicalprotectionandenvironmentalgovernanceservices | 63.65 | Establishmentorinvestment | |
96 | YibinKangrunEnvironmentalProtection | Sichuan,Yibin | Sichuan,Yibin | Ecologicalprotectionandenvironmentalgovernanceservices | 40.87 | Establishmentorinvestment | |
97 | ShaanxiKonkaIntelligent | Shaanxi,Xi’an | Shaanxi,Xi’an | Manufactureofhouseholdcleaningandsanitaryelectricalappliances | 51 | Establishmentorinvestment |
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
98 | ChongqingXinyuanSemiconductor | Chongqing | Chongqing | Scienceandtechnologypromotionandapplicationservices | 75 | Establishmentorinvestment | |
99 | KangxiaojiaDigital | Guangdong,Shenzhen | Guangdong,Shenzhen | SoftwareandITservices | 100 | Establishmentorinvestment | |
100 | KanghongDongsheng | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 95.09 | Establishmentorinvestment | |
101 | GuizhouKonkaNewMaterialTechnology | QiannanMiaoandDongAutonomousPrefecture,GuizhouProvince | QiannanMiaoandDongAutonomousPrefecture,GuizhouProvince | Manufacturingandprocessing | 51 | Establishmentorinvestment | |
102 | GuizhouKangguiEnergy | QiannanMiaoandDongAutonomousPrefecture,GuizhouProvince | QiannanMiaoandDongAutonomousPrefecture,GuizhouProvince | Wholesaleandretail | 100 | Establishmentorinvestment | |
103 | GuangdongXinwei | Lufeng,Guangdong | Lufeng,Guangdong | Semiconductors | 100 | Establishmentorinvestment | |
104 | KangxinruiRenewableResources | Chongqing | Chongqing | Recycling,processingandsalesofrenewableresources | 51 | Establishmentorinvestment | |
105 | GuizhouKangguiMaterialTechnology | QiannanMiaoandDongAutonomousPrefecture,GuizhouProvince | QiannanMiaoandDongAutonomousPrefecture,GuizhouProvince | Manufacturingandprocessing | 70 | Establishmentorinvestment | |
106 | NantongKanghai | Jiangsu,Nantong | Jiangsu,Nantong | Realestate | 51 | Establishmentorinvestment | |
107 | ChongqingKangyiyun | Chongqing | Chongqing | Realestate | 80 | Establishmentorinvestment | |
108 | JiangxiKonkaHigh-techPark | Jiangxi,Shangrao | Jiangxi,Shangrao | Commercialservices | 100 | Establishmentorinvestment | |
109 | ShangraoKonkaElectronicTechnologyInnovation | Jiangxi,Shangrao | Jiangxi,Shangrao | Research&experimentdevelopment | 100 | Establishmentorinvestment |
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
110 | GuizhouKonkaNewEnergy | Guizhou,Kaili | Guizhou,Kaili | Manufactureofnon-metallicmineralproducts | 98 | Establishmentorinvestment | |
111 | ZhejiangKonkaElectronic | Zhejiang,Shaoxing | Zhejiang,Shaoxing | Research&experimentdevelopment | 100 | Establishmentorinvestment | |
112 | ZhejiangKonkaTechnologyIndustry | Zhejiang,Shaoxing | Zhejiang,Shaoxing | Commercialservices | 51 | 49 | Establishmentorinvestment |
113 | SichuanHongxinchen | Sichuan,Chengdu | Sichuan,Chengdu | Realestate | 80 | Establishmentorinvestment | |
114 | Xi'anKonkaIntelligent | Shaanxi,Xi’an | Shaanxi,Xi’an | Wholesale | 51 | Establishmentorinvestment | |
115 | Xi'anKonkaNetwork | Shaanxi,Xi’an | Shaanxi,Xi’an | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
116 | Xi'anKanghongTechnologyIndustry | Shaanxi,Xi’an | Shaanxi,Xi’an | Commercialservices | 40 | 60 | Establishmentorinvestment |
117 | Xi'anKonkaIntelligentTechnology | Shaanxi,Xi’an | Shaanxi,Xi’an | Retail | 100 | Establishmentorinvestment | |
118 | ChongqingFangbingRealEstate | Chongqing | Chongqing | Retail | 80 | Establishmentorinvestment | |
119 | ChongqingKonkaLowCarbon | Chongqing | Chongqing | Wholesale | 55 | Establishmentorinvestment | |
120 | KanghongXintong | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 95.09049 | Establishmentorinvestment | |
121 | SongyangIndustryOperation | Zhejiang,Lishui | Zhejiang,Lishui | Softwareandinformationtechnologyservices | 51 | Establishmentorinvestment | |
122 | KangyanTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
123 | KonkaPhotovoltaicTechnology | Zhejiang,Hangzhou | Zhejiang,Hangzhou | Scienceandtechnologypromotionandapplicationservices | 60 | Establishmentorinvestment | |
124 | SongyangKonkaIntelligent | Zhejiang,Lishui | Zhejiang,Lishui | Wholesale | 100 | Establishment |
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
orinvestment | |||||||
125 | KonkaNorthChina | Tianjin | Tianjin | Electricalmachineryandequipmentmanufacturing | 100 | Establishmentorinvestment | |
126 | ZhongshanKanghong | Guangdong,Zhongshan | Guangdong,Zhongshan | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 51 | Establishmentorinvestment | |
127 | DigitalTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwareandinformationtechnologyservices | 100 | Establishmentorinvestment |
(
)SignificantNon-wholly-ownedSubsidiary
Name | Shareholdingproportionofnon-controllinginterests | Profitorlossattributabletominorityshareholdersthisyear | Declaringdividendsdistributedtominorityshareholdersthisyear | Endingbalanceofminorityinterests |
ChainKingdomMemoryTechnologiesCo.,Limited | 49.00% | 2,020,892.76 | 77,082,196.84 |
(3)TheMainFinancialInformationofSignificantNotWholly-ownedSubsidiary
Name | Endingbalance | |||||
Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
ChainKingdomMemoryTechnologiesCo.,Limited | 1,214,833,527.86 | 2,375,463.55 | 1,217,208,991.41 | 1,052,691,278.28 | 7,207,107.33 | 1,059,898,385.61 |
(continued)
Name | Openingbalance | |||||
Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
ChainKingdomMemoryTechnologiesCo.,Limited | 1,122,601,899.81 | 1,496,802.37 | 1,124,098,702.18 | 983,206,412.40 | 983,206,412.40 |
(continued)
Name | Amountincurredinthisyear | |||
Revenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
ChainKingdomMemoryTechnologiesCo.,Limited | 8,493,960,721.20 | 4,124,270.93 | 4,124,270.93 | -69,349,463.30 |
(continued)
Name | Amountincurredlastyear | |||
Revenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities |
Name | Amountincurredlastyear | |||
Revenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
ChainKingdomMemoryTechnologiesCo.,Limited | 9,416,436,242.22 | 16,707,246.42 | 12,907,671.17 | 163,768,485.18 |
2.EquityinJointVenturesorAssociatedEnterprises
(1)SignificantJointVenturesorAssociatedEnterprises
Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Accountingtreatmentoftheinvestmenttojointventureorassociatedenterprise | |
Directly | Indirectly | |||||
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | Zhuhai | Zhuhai | Investmentmanagement | 49.95 | Equitymethod | |
ShenzhenJielunteTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Professionalmachinerymanufactur | 42.79 | Equitymethod |
(
)MainFinancialInformationofSignificantAssociatedEnterprise
Item | Endingbalance/amountincurredthisyear | |
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | ShenzhenJielunteTechnologyCo.,Ltd. | |
Currentassets | 971,913,521.98 | 253,227,910.38 |
Non-currentassets | 288,320,463.89 | |
Totalassets | 971,913,521.98 | 541,548,374.27 |
Currentliabilities | 3,340.00 | 233,990,644.75 |
Non-currentliabilities | 74,263,430.52 | |
Totalliabilities | 3,340.00 | 308,254,075.27 |
Equityofnon-controllinginterests | 12,856,913.14 | |
EquityattributabletoshareholdersoftheCompanyastheparent | 971,910,181.98 | 220,437,385.86 |
Netassetssharescalculatedattheshareholdingproportion | 483,905,786.35 | 99,748,594.97 |
Adjusteditems | ||
-Goodwill | ||
-Internalunrealizedprofit | ||
-Others | ||
Carryingvalueofinvestmenttoassociatedenterprises | 483,905,786.35 | 99,748,594.97 |
Fairvaluesofequityinvestmentsofjointventureswithquotedprices |
Item | Endingbalance/amountincurredthisyear | |
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | ShenzhenJielunteTechnologyCo.,Ltd. | |
Revenue | 514,976,783.54 | |
Financialexpenses | -461,885.81 | -430,655.59 |
Incometaxexpenses | ||
Netprofit | 16,036,036.59 | 7,917,120.47 |
Netprofitfromdiscontinuedoperations | ||
Othercomprehensiveincome | ||
Totalcomprehensiveincome | 16,036,036.59 | 7,917,120.47 |
Dividendsreceivedfromthejointventureinthecurrentperiod |
(continued)
Item | Openingbalance/amountincurredlastyear | |
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | ShenzhenJielunteTechnologyCo.,Ltd. | |
Currentassets | 945,498,650.28 | 273,102,104.88 |
Non-currentassets | 220,186,531.13 | |
Totalassets | 945,498,650.28 | 493,288,636.01 |
Currentliabilities | 730.00 | 258,379,870.36 |
Non-currentliabilities | 18,381,235.37 | |
Totalliabilities | 730.00 | 276,761,105.73 |
Equityofnon-controllinginterests | 9,047,500.16 | |
EquityattributabletoshareholdersoftheCompanyastheparent | 945,497,920.28 | 207,480,030.12 |
Netassetssharescalculatedattheshareholdingproportion | 467,638,787.38 | 94,278,354.91 |
Adjusteditems | ||
-Goodwill | ||
-Internalunrealizedprofit | ||
-Others | ||
Carryingvalueofinvestmenttoassociatedenterprises | 467,638,787.38 | 94,278,354.91 |
Fairvaluesofequityinvestmentsofjointventureswithquotedprices | ||
Revenue | 475,403,349.60 | |
Financialexpenses | -517,521.24 | 5,058,668.75 |
Incometaxexpenses |
Item | Openingbalance/amountincurredlastyear | |
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | ShenzhenJielunteTechnologyCo.,Ltd. | |
Netprofit | 45,293,790.73 | 12,209,183.84 |
Netprofitfromdiscontinuedoperations | ||
Othercomprehensiveincome | ||
Totalcomprehensiveincome | 45,293,790.73 | 12,209,183.84 |
Dividendsreceivedfromthejointventureinthecurrentperiod |
(
)SummaryFinancialInformationofInsignificantJointVenturesorAssociatedEnterprises
Item | Endingbalance/ReportingPeriod | Beginningbalance/Sameperiodoflastyear |
Associatedenterprises: | ||
Totalcarryingvalueofinvestment | 5,767,578,574.26 | 3,617,582,425.90 |
Thetotaloffollowingitemsaccordingtotheshareholdingproportions | ||
--Netprofit | 93,186,179.48 | -32,617,474.82 |
--Othercomprehensiveincome | -2,814,803.62 | 1,486,737.16 |
--Totalcomprehensiveincome | 90,371,375.86 | -31,130,737.66 |
IX.TheRiskRelatedtoFinancialInstruments
TheCompany’smainfinancialinstrumentsincludeborrowings,accountsreceivable,accountspayable,tradingfinancialassetsandliabilities,etc.PleaserefertoNoteVIfordetaileddescriptionsofvariousfinancialinstruments.Risksrelatedtothesefinancialinstruments,andriskmanagementpoliciestheCompanyhasadoptedtoreducetheserisksaredescribedasfollows.TheCompanymanagementmanagesandmonitorstheriskexposureinordertoensuretheaboveriskstobecontrolledinalimitedscope.
1.VariousRiskManagementObjectivesandPolicies
ThegoalsoftheCompanyengagedintheriskmanagementistoachievetheproperbalancebetweentherisksandbenefits,reducedthenegativeimpacttotheCompanyoperatingperformancerisktoaminimum,maximizedtheprofitsofshareholdersandotherequityinvestors.Basedontheriskmanagementgoal,thebasicstrategyoftheCompany'sriskmanagementisdetermineand
analyzethevariousrisksfacedbytheCompany,setupthebottomlineofriskandconductedappropriateriskmanagement,andtimelysupervisedvariousrisksinareliablewayandcontrolledtheriskwithintherangeoflimit.
(1)MarketRisk
1)ForeignExchangeRiskForeignexchangeriskreferstotherisksthatmayleadtolossesduetofluctuationinexchangerate.TheforeignexchangeriskbornebytheCompanyisrelatedtoUSD.ExcepttheprocurementandsalesinUSDoftheCompany'ssubsidiariesHongKongKonka,HongdinTrading,ChainKingdomMemoryTechnologies,HongjetandJiali,theCompany'sotherprimarybusinessactivitiesaresettledinRMB.ThecurrencyriskarisingfromtheassetsandliabilitiesofsuchbalanceinUSDmayaffecttheGroup'soperatingresults.Asat31December2022,theCompany'sassetsandliabilitiesweremainlythebalanceinRMBexceptfortheassetsorliabilitiesofabalanceinUSDaslistedbelow.
Item | Endingbalance | Openingbalance |
MonetaryAssets | 106,315,046.38 | 104,127,945.47 |
AccountsReceivable | 86,909,542.13 | 150,964,132.67 |
OtherReceivables | 111,545,094.65 | 97,035,927.80 |
Otherpayables | 205,546.18 | |
Short-termborrowings | 15,090,462.34 | 89,678,741.45 |
Accountspayable | 24,084,328.20 | 35,718,564.93 |
Interestpayable | 10,875.01 | 106,816.56 |
TheCompanypayscloseattentiontotheimpactofexchangeratechangesontheCompany'sforeignexchangerisk,andrequiresmajorcompaniesinthegroupthatpurchaseandsellinforeigncurrencytopayattentiontothechangesinforeigncurrencyassetsandliabilities,managetheGroup'sforeigncurrencynetassetexposureinaunifiedway,implementsinglecurrencysettlement,andreducethescaleofforeigncurrencyassetsandliabilities,soastoreduceforeignexchangeriskexposure.
2)InterestRateRisk
TheCompanybearsinterestrateriskduetointerestratechangesofinterest-bearingfinancialassetsandliabilities.TheCompany'sinterestbearingfinancialassetsaremainlybankdeposits,ofwhichthevariableinterestrateismostlyshort-term,whiletheinterestbearingfinancialliabilitiesaremainlybankloansandcorporatebonds.TheCompany'slong-termborrowingsfrombanksandcorporationbondsareatfixedinterestrates.Theriskofcashflowchangesoffinancialinstruments
causedbyinterestratechangesismainlyrelatedtoshort-termborrowingsfrombankswithfloatinginterestrates.TheCompany'spolicyistomaintainthefloatinginterestratesofsuchborrowingstoeliminatethefairvalueriskofinterestratechanges.Asat31December2022,thebalanceofsuchshort-termborrowingswasRMB7,579,559,304.97.
(2)CreditRiskAsat31December2022,themaximumcreditriskexposurethatmaycausefinanciallossestotheCompanymainlycamefromlossesgeneratedfromtheCompany'sfinancialassetsduetofailureoftheotherpartyinacontracttoperformitsobligationsandthefinancialguaranteeundertakenbytheCompany,including:
Thecarryingamountoffinancialassetsrecognizedintheconsolidatedbalancesheet;forfinancialinstrumentsmeasuredatfairvalue,thebookvaluereflectstheirriskexposure,butnotthemaximumriskexposure,andthemaximumriskexposurewillchangewiththechangeoffuturefairvalue.Inordertoreducecreditrisk,theCompanyhassetupagrouptodeterminethecreditlimit,conductcreditapproval,andimplementothermonitoringprocedurestoensurethatnecessarymeasuresaretakentorecoveroverdueclaims.Inaddition,theCompanyreviewstherecoveryofeachsinglereceivableoneachbalancesheetdatetoensurethatsufficientbaddebtprovisionismadefortheunrecoverableamount.Therefore,theCompany'smanagementbelievesthattheCompany'screditriskhasbeengreatlyreduced.TheCompany'sworkingcapitalisdepositedinbankswithhighcreditrating,sothecreditriskofworkingcapitalislow.TheCompanyhasadoptednecessarypoliciestoensurethatallcustomershavegoodcreditrecords.Exceptforthetopfivecustomersintermsoftheamountofaccountsreceivable,theCompanyhasnoothermajorcreditconcentrationrisk.ForthefinancialassetsoftheCompanythathavebeenindividuallyimpaired,pleasereferto4.AccountsReceivableand7.OtherReceivablesinNoteVI.
(3)LiquidityRisk
LiquidityriskreferstotheriskthattheCompanyisunabletofulfillitsfinancialobligationsontheduedate.TheCompanymanagesliquidityriskinthemethodofensuringthatthereissufficientliquiditytofulfilldebtobligationswithoutcausingunacceptablelossordamagetotheCompany’sreputation.Inordertomitigatetheliquidityrisk,theManagementoftheCompanyhascarriedoutadetailedinspectionontheliquidityoftheCompany,includingthematurityofaccountspayableandotherpayables,bankcreditlineandbondfinancing.TheconclusionisthattheCompanyhas
sufficientfundstomeettheneedsoftheGroup'sshort-termdebtsandcapitalexpenditure.
TheanalysisofthefinancialassetsandfinancialliabilitiesheldbytheCompanybasedonthematurityperiodoftheundiscountedremainingcontractualobligationsisasfollows:
Amountasat31December2022:
Item | Within1year | 1to2years | 2to5years | Over5years | Total |
Financialassets | |||||
MonetaryAssets | 5,988,095,490.71 | 5,988,095,490.71 | |||
TradingFinancialAssets | |||||
NotesReceivable | 1,059,737,243.54 | 1,059,737,243.54 | |||
AccountsReceivable | 1,633,221,269.04 | 145,341,434.46 | 258,111,844.72 | 60,288.00 | 2,036,734,836.22 |
OtherReceivables | 524,599,485.31 | 495,631,494.36 | 421,877,628.71 | 16,237.20 | 1,442,124,845.58 |
Long-termReceivables | 800,400.00 | 800,400.00 | |||
OtherCurrentAssets | 2,038,841,225.83 | 2,038,841,225.83 | |||
Financialliabilities | |||||
Short-termborrowings | 7,579,559,304.97 | 7,579,559,304.97 | |||
Notespayable | 1,054,573,822.04 | 1,054,573,822.04 | |||
Accountspayable | 2,330,698,958.02 | 155,636,729.60 | 170,176,259.09 | 3,434,616.22 | 2,659,946,562.93 |
Otherpayables | 1,422,927,166.13 | 170,293,026.70 | 275,570,243.86 | 26,920,936.65 | 1,895,711,373.34 |
Payrollpayable | 348,608,204.05 | 348,608,204.05 | |||
Non-currentliabilitiesduewithinoneyear | 409,220,030.69 | 409,220,030.69 | |||
Long-termborrowings | 6,811,464,725.39 | 1,655,495,707.05 | 439,970,970.45 | 8,906,931,402.89 | |
BondsPayable | 2,368,040,974.94 | 2,424,351,069.19 | 4,792,392,044.13 | ||
Long-termpayables | 7,964,127.18 | 7,964,127.18 |
2.SensitivityanalysisTheCompanyadoptssensitivityanalysistechnologytoanalyzethepossibleimpactofreasonableandpossiblechangesofriskvariablesoncurrentprofits/lossesorshareholders’equity.Asanyriskvariablerarelychangesinisolation,andthecorrelationbetweenvariableswillhaveasignificanteffectonthefinalimpactamountofthechangeofariskvariable,thefollowingcontentisbasedontheassumptionthatthechangeofeachvariableisindependent.
(1)SensitivityanalysisofforeignexchangeriskAssumptionforthesensitivityofforeignexchangerisk:Allnetinvestmenthedgingandcashflowhedgingofoverseasoperationsarehighlyeffective.Onthebasisoftheaboveassumption,undertheconditionthatothervariablesremainunchanged,theimpactofreasonablechangesintheexchangerateoncurrentprofits/lossesandequityaftertaxisasfollows:
Item | Exchangeratefluctuations | 2022 | |
Impactonnetprofit | Impactonshareholders'equity | ||
USD | Appreciationof1%againstRMB | 15,551,310.88 | 11,270,323.99 |
USD | Depreciationof1%againstRMB | -15,551,310.88 | -11,270,323.99 |
(2)SensitivityAnalysisofInterestRateRiskSensitivityanalysisofinterestrateriskisbasedonthefollowingassumptions:
Changesinmarketinterestratesaffecttheinterestincomeorexpenseoffinancialinstrumentswithvariableinterestrates;
Forfinancialinstrumentswithfixedinterestratesmeasuredatfairvalue,marketinterestratechangesaffectonlytheirinterestincomeorexpense;
Changesinthefairvaluesofderivativefinancialinstrumentsandotherfinancialassetsandliabilitiesarecalculatedatthemarketinterestrateonthebalancesheetdatebydiscountedcashflow.
Onthebasisoftheaboveassumptionsandundertheconditionthatothervariablesremainunchanged,theimpactofreasonablechangesintheinterestrateoncurrentprofits/lossesandequityaftertaxisasfollows:
Item | Interestratefluctuations | 2022 | |
Impactonnetprofit | Impactonshareholders'equity |
Borrowingsatfloatinginterestrates | Up0.5% | 28,813,464.20 | 28,058,882.34 |
Borrowingsatfloatinginterestrates | Down0.5% | -28,813,464.20 | -28,058,882.34 |
X.TheDisclosureofFairValue
1.EndingFairValueofAssetsandLiabilitiesatFairValue
Item | Endingfairvalue | |||
Fairvaluemeasurementitemsatlevel1 | Fairvaluemeasurementitemsatlevel2 | Fairvaluemeasurementitemsatlevel3 | Total | |
I.Consistentfairvaluemeasurement | ||||
i.TradingFinancialAssets | ||||
1.Financialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod | ||||
(II)Accountsreceivablefinancing | 237,187,228.44 | 237,187,228.44 | ||
(II)Otherequityinvestments | ||||
(III)Otherequityinstrumentinvestment | 23,841,337.16 | 23,841,337.16 | ||
(IV)Investmentproperties | ||||
(V)Biologicalassets | ||||
(V)Othernon-currentfinancialassets | 2,639,662,273.32 | 2,639,662,273.32 | ||
Thetotalamountofassetsconsistentlymeasuredatfairvalue | 237,187,228.44 | 2,663,503,610.48 | 2,900,690,838.92 | |
Totalamountofliabilitiesatfairvalue | ||||
II.Inconsistentfairvaluemeasurement | ||||
Totalassetsofinconsistentfairvaluemeasurement |
Item | Endingfairvalue | |||
Fairvaluemeasurementitemsatlevel1 | Fairvaluemeasurementitemsatlevel2 | Fairvaluemeasurementitemsatlevel3 | Total | |
Totalliabilitiesofinconsistentfairvaluemeasurement |
2.BasisforDeterminingtheMarketPricesofConsistentandInconsistentFairValueMeasurementItemsatLevel1InputvalueatLevel1istheunadjustedquotationintheactivemarketofthesameassetsorliabilitiesthatcanbeobtainedonthemeasurementdate.
3.ValuationTechniqueAdoptedandQualitativeandQuantitativeInformationofImportantParametersforConsistentandInconsistentFairValueMeasurementItemsatLevel2TheLevel2fairvaluemeasurementofinputvalueatLevel2istheinputvalueobservabledirectlyorindirectlyofrelevantassetsorliabilitiesexclusiveofinputvalueatLevel1.
4.ValuationTechniqueAdoptedandQualitativeandQuantitativeInformationofImportantParametersforConsistentandInconsistentFairValueMeasurementItemsatLevel3
InputvalueatLevel3istheinputvalueunobservableofrelevantassetsorliabilities.XI.RelatedPartyandRelated-partyTransaction
(I)RelationshipofRelatedParty
1.ControllingShareholderandtheUltimateController(
)ControllingShareholderandtheUltimateController
Name | Registrationplace | Natureofbusiness | Registeredcapital | ShareholdingratiototheCompany(%) | VotingrightratiototheCompany(%) |
OCTGroupCo.Ltd. | Shenzhen | Tourism,realestate,electronicsindustry | RMB12billion | 29.999997 | 29.999997 |
Note:TheultimatecontrolleroftheCompanyisState-ownedAssetsSupervisorCommissionoftheStateCouncil.
(2)TheRegisteredCapitaloftheControllingShareholderanditsChanges
Controllingshareholders | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
OCTGroupCo.Ltd. | 12,000,000,000.00 | 12,000,000,000.00 |
(3)ControllingShareholders’SharesorEquityandtheirChanges
Controllingshareholders | Shareholdingamount | Shareholdingpercentage(%) | ||
Endingbalance | Openingbalance | Endingpercentage | Openingpercentage | |
OCTGroupCo.Ltd. | 722,383,542.00 | 722,383,542.00 | 29.999997 | 29.999997 |
2.SubsidiaryRefertonoteVIII-1.(1)Subsidiariesfortheinformationofsubsidiaries.
3.AssociatedEnterprisesandJointVenturesRefertoNoteVIII-2.(1)SignificantAssociatedEnterprisesfordetailsofsignificantassociatedenterprisesoftheCompany.InformationonotherjointventuresorassociatedenterprisesoccurringconnectedtransactionswiththeCompanyinReportingPeriod,orformingbalanceduetoconnectedtransactionsmadeinpreviousperiod:
Name | RelationshipwiththeCompany |
AnhuiKaikaiShijieE-commerceCo.,Ltd. | Associate |
AnhuiKangfuNewEnergyCo.,Ltd. | Associate |
AnhuiKangtaSupplyChainManagementCo.,Ltd. | Associate |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | Associate |
ChutianDragonCo.,Ltd. | Associate |
OrientExcellent(Zhuhai)AssetManagementCo.,Ltd. | Associate |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | Associate |
DongguanKangzhihuiElectronicsCo.,Ltd. | Associate |
DongguanGuankangHongyuInvestmentCo.,Ltd. | Associate |
FeidiTechnology(Shenzhen)Co.,Ltd. | Associate |
GuangdongKangyuanSemiconductorCo.,Ltd. | Associate |
HefeiKONSEMIStorageTechnologyCo.,Ltd. | Associate |
HenanKangfeiIntelligentElectricalAppliances | Associate |
Name | RelationshipwiththeCompany |
Co.,Ltd. | |
KangkongVentureCapital(Shenzhen)Co.,Ltd. | Associate |
NantongKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | Associate |
PuchuangJiakangTechnologyCo,Ltd. | Associate |
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | Associate |
ShenzhenAimijiakangTechnologyCo.,Ltd. | Associate |
ShenzhenJielunteTechnologyCo.,Ltd. | Associate |
ShenzhenKanghongxingSmartTechnologyCo.,Ltd. | Associate |
ShenzhenKopenDigitalTechnologyCo.,Ltd. | Associate |
ShenzhenKondaE-displayCo.,Ltd. | Associate |
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd. | Associate |
ShenzhenMorsemiSemiconductorTechnologyCo.,Ltd. | Associate |
ShenzhenKonkaJiapinIntelligentElectricalApparatusCo.,Ltd. | Associate |
ShenzhenKangxiTechnologyInnovationDevelopmentCo.,Ltd. | Associate |
ShenzhenRF-LlinkTechnologyCo.,Ltd. | Associate |
ShenzhenYaodeTechnologyCo.,Ltd. | Associate |
ShenzhenZhongbingKonkaTechnologyCo.,Ltd. | Associate |
SichuanChengruiRealEstateCo.,Ltd. | Associate |
SichuanHuayiJiakangTechnologyCo.,Ltd. | Associate |
KKSmartechLimited | Associate |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | Associate |
YanchengKangyanInformationIndustryInvestmentPartnership(LimitedPartnership) | Associate |
YibinKanghuiElectronicInformationIndustryEquityInvestmentPartnership(limitedpartnership) | Associate |
E3info(Hainan)TechnologyCo.,Ltd. | Associate |
ShandongEconTechnologyCo.,Ltd. | Associate |
Name | RelationshipwiththeCompany |
ChongqingKangjianPhotoelectricTechnologyCo.,Ltd. | Associate |
ChongqingKangxinEquityInvestmentFundPartnership(limitedpartnership) | Associate |
ChongqingKangyiqingTechnologyCo.,Ltd. | Associate |
ChongqingQingjiaElectronicsCo.,Ltd. | Associate |
4.InformationonOtherRelatedParties
Name | RelationshipwiththeCompany |
HOHOELECTRICAL&FURNITURECO.,LIMITED | Minorityshareholderofsubsidiary |
BeijingXuriShengxingTechnologyCo.,Ltd. | Minorityshareholderofsubsidiary |
ChuzhouHanshangElectricApplianceCo.,Ltd. | Minorityshareholderofsubsidiary |
KoreaElectricGroupCo.,Ltd. | Minorityshareholderofsubsidiary |
HuZehong | Minorityshareholderofsubsidiary |
HuanjiaGroupCo.,Ltd. | Minorityshareholderofsubsidiary |
ShenzhenNewJourneyEnergyConservationandEnvironmentalProtectionServiceCo.,Ltd. | Minorityshareholderofsubsidiary |
CentralEnterprisesinpoverty-strickenareas(Jiangxi)IndustrialInvestmentFundsPartnership(L.P.) | Minorityshareholderofsubsidiary |
ChongqingLiangshanIndustrialInvestmentCo.,Ltd. | Minorityshareholderofsubsidiary |
JiangxiMeijiEnterpriseCo.,Ltd. | Thecompanycontrolledbytheultimatecontrolleroftheminorityshareholdersofthesubsidiary |
DaiRongxing | Closefamilymembersofminorityshareholders |
ZhejiangDonghongAssetManagementCo.,Ltd. | Subsidiaryofassociatedenterprise |
AMobileIntelligentCorp.Ltd. | Subsidiaryofassociatedenterprise |
YantaiKangyueInvestmentCo.,Ltd. | Subsidiaryofassociatedenterprise |
ChongqingLanlvMomaRealEstateDevelopmentCo.,Ltd. | Subsidiaryofassociatedenterprise |
5.Related-partyTransactions
1.Related-partytransactionsofpurchaseandsaleofgoods,provisionandacceptanceof
services
(1)Purchasinggoods/receivingservices
Relatedparty | Content | Amountincurredinthisyear | Amountincurredlastyear |
ChuzhouHanshangElectricApplianceCo.,Ltd. | Purchasinggoods | 361,343,092.66 | 677,309,389.23 |
PuchuangJiakangTechnologyCo,Ltd. | Purchasinggoods | 346,728,064.51 | 240,633,703.30 |
KKSmartechLimited | Purchasinggoods | 45,029,492.58 | 10,780,582.86 |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | Purchaseofgoodsandservices | 44,307,009.34 | 55,547,081.78 |
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd.anditssubsidiaries | Purchasinggoods | 41,158,319.46 | 8,227,826.34 |
KoreaElectricGroupCo.,Ltd.anditssubsidiaries | Purchasinggoods | 35,518,472.38 | 55,836,238.79 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesaswellasitsassociatedenterprises | Purchasinggoods | 30,219,079.03 | 72,163,184.57 |
ShenzhenKondaE-displayCo.,Ltd. | Purchasinggoods | 28,026,932.54 | 46,107,911.06 |
DongguanKonkaSmartElectronicTechnologyCo.,Ltd. | Purchaseofgoodsandservices | 22,735,162.01 | 23,557,646.94 |
HOHOELECTRICAL&FURNITURECO.,LIMITED | Purchasinggoods | 19,585,193.41 | 22,211,733.88 |
DongguanKangjiaNewMaterialTechnologyCo.,Ltd.(formerlyknownasDongguanKonkaPackingMaterialCo.,Ltd.) | Purchasinggoods | 12,289,697.95 | |
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | Purchasinggoods | 10,162,140.56 | 12,374,579.16 |
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | Purchasinggoods | 8,531,405.75 | |
ChongqingRuiyinRenewableResourcesCo.,Ltd.anditssubsidiaries | Purchaseofgoodsandservices | 2,272,578,727.02 | |
OrientExcellent(Zhuhai)AssetManagementCo.,Ltd. | Purchasingservices | 8,421,613.00 | |
Subtotalofotherrelatedparties | Purchaseofgoodsandservices | 7,972,143.19 | 4,336,673.63 |
(2)Informationofsalesofgoodsandprovisionoflaborservice
Relatedparty | Content | Amountincurredinthisyear | Amountincurredlastyear |
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | Salesofgoodsandprovisionoflaborservice | 189,148,548.38 | 103,201,296.73 |
Relatedparty | Content | Amountincurredinthisyear | Amountincurredlastyear |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | Salesofgoodsandprovisionoflaborservice | 178,677,010.72 | 144,139,658.68 |
KoreaElectricGroupCo.,Ltd.anditssubsidiaries | Salesofgoodsandprovisionoflaborservice | 161,244,155.22 | 279,074,296.50 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesaswellasitsassociatedenterprises | Salesofgoodsandprovisionoflaborservice | 157,730,471.80 | 52,708,375.55 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | Salesofgoodsandprovisionoflaborservice | 107,734,901.38 | 192,124,416.17 |
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | Salesofgoods | 52,139,839.35 | 63,427,905.20 |
HefeiKONSEMIStorageTechnologyCo.,Ltd. | Salesofgoods | 45,466,225.40 | |
ShenzhenAimijiakangTechnologyCo.,Ltd.(formerlyknownasSichuanAimijiakangTechnologyCo.,Ltd.) | Salesofgoodsandprovisionoflaborservice | 42,265,781.54 | 28,278,036.50 |
ShenzhenKondaE-displayCo.,Ltd.Anditssubsidiaries | Salesofgoodsandprovisionoflaborservice | 39,405,582.28 | 43,781,944.59 |
HenanKangfeiIntelligentElectricalAppliancesCo.,Ltd. | Salesofgoods | 27,910,005.34 | 49,621,167.82 |
HOHOELECTRICAL&FURNITURECO.,LIMITED | Salesofgoods | 21,684,854.42 | 49,653,058.20 |
DongguanKonkaSmartElectronicTechnologyCo.,Ltd. | Salesofgoodsandprovisionoflaborservice | 18,795,403.33 | 28,080,693.48 |
NantongKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | Renderlaborservice | 14,150,943.39 | |
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd.anditssubsidiaries | Salesofgoodsandprovisionoflaborservice | 9,193,457.83 | 2,680,541.63 |
E3info(Hainan)TechnologyCo.,Ltd.anditssubsidiaries | Salesofgoodsandprovisionoflaborservice | 7,676,760.48 | 9,540,876.11 |
YanchengKangyanInformationIndustryInvestmentPartnership(LimitedPartnership) | Renderlaborservice | 3,539,336.04 | 1,449,574.89 |
SichuanHuayiJiakangTechnologyCo.,Ltd. | Salesofgoodsandprovisionoflaborservice | 1,095,847.95 | 70,997,038.78 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd.anditssubsidiaries | Salesofgoods | 21,944.26 | 5,660,377.20 |
Subtotalofotherrelatedparties | Salesofgoodsandprovisionoflaborservice | 11,450,833.50 | 11,914,248.40 |
2.InformationonRelated-partyLeaseLeasesituation
Nameoflessor | Nameoflessee | Categoryofleasedassets | Leasefeerecognizedthisyear | Leasefeerecognizedlastyear |
OCTGroupCo.,Ltd.anditssubsidiaries | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | Commercialresidencesandofficebuildings | 25,078,697.16 | 21,435,068.58 |
OCTGroupCo.,Ltd.anditssubsidiaries | KonkaGroupCo.,Ltd. | Commercialresidencesandofficebuildings | 1,819,825.44 | 1,571,011.20 |
3.InformationonRelated-partyGuarantee(
)TheCompanywasguarantor
Securedparty | Contractedguaranteeamount(RMB10,000) | Actualguaranteeamount(RMB10,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
AnhuiTongchuang | 3,000.00 | 3,000.00 | CNY | 28October2021 | 27October2022 | No |
AnhuiTongchuang | 5,000.00 | CNY | 14April2022 | 14April2023 | No | |
AnhuiTongchuang | 3,000.00 | 3,000.00 | CNY | 2June2022 | 1June2023 | No |
AnhuiTongchuang | 5,000.00 | CNY | 5July2022 | 4July2023 | No | |
AnhuiTongchuang | 10,000.00 | 7,000.00 | CNY | 19October2022 | 19October2023 | No |
ElectronicsTechnology | 8,500.00 | 5,941.83 | CNY | 24November2022 | 10January2024 | No |
ElectronicsTechnology | 50,000.00 | 50,000.00 | CNY | 10October2022 | 21July2023 | No |
SichuanKonka | 4,000.00 | 4,000.00 | CNY | 22March2022 | 21March2023 | No |
BoluoPrecision | 2,480.11 | 575.00 | CN | 19August | 19August | No |
Securedparty | Contractedguaranteeamount(RMB10,000) | Actualguaranteeamount(RMB10,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
Y | 2020 | 2023 | ||||
BoluoPrecision | 3,000.00 | 3,000.00 | CNY | 25August2022 | 24August2023 | No |
BoluoPrecision | 12,449.00 | 2,761.58 | CNY | 6July2021 | 5July2023 | No |
HongKongKonka | 10,000.00 | 10,098.67 | CNY | 9February2022 | 5September2022 | No |
DongguanKonka | 5,000.00 | 5,000.00 | CNY | 18March2022 | 17March2023 | No |
DongguanKonka | 80,000.00 | 29,638.70 | CNY | 23June2021 | 7May2031 | No |
TelecommunicationTechnology | 7,500.00 | 5,000.00 | CNY | 20May2022 | 20May2023 | No |
KonkaCircuit | 20,000.00 | 7,864.23 | CNY | 24May2021 | 30November2024 | No |
MobileInterconnection | 7,000.00 | 4,000.00 | CNY | 11August2022 | 11August2023 | No |
KonkaXinyunSemiconductor | 6,000.00 | 1,000.00 | CNY | 26May2022 | 25May2024 | No |
KonkaXinyunSemiconductor | 20,000.00 | 7,127.66 | CNY | 12July2021 | 11July2022 | No |
LiaoyangKangshunSmart | 5,000.00 | 3,000.00 | CNY | 19January2022 | 18January2023 | No |
YibinSmart | 980.00 | 980.00 | CNY | 31March2022 | 30March2023 | No |
ChongqingKonka | 38,000.00 | 4,635.17 | CNY | 13December2022 | 13December2037 | No |
XingDaHongYe | 5,800.00 | 4,961.32 | CNY | 23February2022 | 23February2024 | No |
XingDaHongYe | 2,000.00 | 699.29 | CNY | 25December2020 | 25December2023 | No |
XingDaHongYe | 750.00 | 259.41 | CNY | 31May2021 | 31August2023 | No |
JiangxiKonka | 10,000.00 | 3,000.00 | CNY | 6November2020 | 1December2023 | No |
JiangxiKonka | 6,000.00 | 5,000.00 | CNY | 26June2022 | 25June2023 | No |
JiangxiKonka | 990.00 | 990.00 | CNY | 10March2022 | 9March2024 | No |
JiangxiKonka | 10,000.00 | 3,455.71 | CNY | 29September2020 | 29September2023 | No |
Securedparty | Contractedguaranteeamount(RMB10,000) | Actualguaranteeamount(RMB10,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
JiangxiKonka | 5,000.00 | 4,400.00 | CNY | 21December2020 | 31December2023 | No |
JiangxiKonka | 1,000.00 | 343.01 | CNY | 30December2020 | 30December2023 | No |
XinfengMicrocrystalline | 5,000.00 | 887.79 | CNY | 19May2020 | 19May2023 | No |
XinfengMicrocrystalline | 2,100.00 | 725.62 | CNY | 8December2020 | 8December2023 | No |
XinfengMicrocrystalline | 7,200.00 | CNY | 29December2022 | 28December2023 | No | |
XinfengMicrocrystalline | 7,200.00 | 6,000.00 | CNY | 29June2022 | 28June2023 | No |
JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | 5,000.00 | 448.87 | CNY | 8January2020 | 8January2023 | No |
JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | 990.00 | 990.00 | CNY | 10March2022 | 9March2024 | No |
JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | 6,000.00 | 1,479.81 | CNY | 14July2020 | 14July2023 | No |
NingboKanghrElectricalAppliance | 6,000.00 | 1,200.00 | CNY | 12August2021 | 27July2023 | No |
NingboKanghrElectricalAppliance | 6,000.00 | 1,800.00 | CNY | 12July2022 | 11July2023 | No |
YibinKangrun | 10,000.00 | 10,000.00 | CNY | 13November2020 | 31December2024 | No |
AnhuiKonka | 10,000.00 | CNY | 13September2022 | 13September2023 | No | |
AnhuiKonka | 5,500.00 | 2,793.51 | CNY | 18August2022 | 18August2023 | No |
AnhuiKonka | 18,000.00 | CNY | 22August2022 | 22August2023 | No | |
AnhuiKonka | 28,000.00 | 7,330.99 | CNY | 10August2021 | 15July2031 | No |
Securedparty | Contractedguaranteeamount(RMB10,000) | Actualguaranteeamount(RMB10,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
AnhuiKonka | 7,000.00 | 7,000.00 | CNY | 29October2021 | 26October2026 | No |
AnhuiKonka | 7,000.00 | 7,000.00 | CNY | 24October2022 | 26October2026 | No |
AnhuiKonka | 7,000.00 | 7,000.00 | CNY | 19September2022 | 18September2023 | No |
FrestecSmartHome | 10,200.00 | 510.00 | CNY | 6July2022 | 4May2030 | No |
KonkaSoftElectronic | 975.00 | 55.28 | CNY | 19December2022 | 19December2023 | No |
EconTechnology | 1,748.80 | 1,748.80 | CNY | 19May2022 | 18May2023 | No |
EconTechnology | 3,747.44 | 3,747.44 | CNY | 17May2022 | 16May2023 | No |
EconTechnology | 4,996.58 | 4,996.58 | CNY | 18May2022 | 17May2023 | No |
EconTechnology | 249.83 | 249.83 | CNY | 28June2022 | 27June2023 | No |
EconTechnology | 2,498.29 | 1,667.36 | CNY | 8July2022 | 7July2023 | No |
EconTechnology | 749.49 | 749.49 | CNY | 27July2022 | 26July2023 | No |
EconTechnology | 24.98 | 24.98 | CNY | 16August2022 | 15August2023 | No |
EconTechnology | 199.86 | 199.86 | CNY | 6September2022 | 5September2023 | No |
EconTechnology | 3,747.44 | 761.23 | CNY | 30September2022 | 29September2024 | No |
EconTechnology | 2,748.12 | CNY | 23November2022 | 23May2024 | No | |
AnhuiElectricalAppliance | 13,500.00 | 5,000.00 | CNY | 3July2020 | 1July2023 | No |
ShenzhenOverseasChineseTownCo.,Ltd. | 10,000.00 | 580.00 | CNY | 31May2022 | 30May2023 | No |
FoshanZhujiangMediaCreativeParkCulturalDevelopmentCo.,Ltd. | 980.00 | 783.28 | CNY | 17May2022 | 21March2023 | No |
OCTGroup | 60,000.00 | 60,000.00 | CNY | 8September2022 | 8September2025 | No |
OCTGroup | 60,000.00 | 60,000.00 | CN | 18October | 18October | No |
Securedparty | Contractedguaranteeamount(RMB10,000) | Actualguaranteeamount(RMB10,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
Y | 2022 | 2025 |
(2)TheCompanywassecuredparty
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
ElectronicsTechnology | 80,000.00 | CNY | 15September2022 | 14September2023 | No |
OCTGroup | 100,000.00 | CNY | 8January2021 | 8January2024 | No |
OCTGroup | 50,000.00 | CNY | 21May2021 | 21May2024 | No |
OCTGroup | 80,000.00 | CNY | 9July2021 | 9July2024 | No |
OCTGroup | 60,000.00 | CNY | 8September2022 | 8September2025 | No |
OCTGroup | 60,000.00 | CNY | 18October2022 | 18October2025 | No |
OCTGroup | 120,000.00 | CNY | 14July2022 | 14July2025 | No |
OCTGroup | 100,000.00 | CNY | 22June2022 | 21June2024 | No |
OCTGroup | 149,250.00 | CNY | 24June2021 | 23June2024 | No |
OCTGroup | 45,000.00 | CNY | 23August2022 | 22August2025 | No |
OCTGroup | 1,000.00 | CNY | 22December2022 | 22December2025 | No |
HuZehong,LiangRuiling,DaiYaojin | 2,431.05 | CNY | 23February2022 | 23February2024 | No |
HuZehong,LiangRuiling,DaiYaojin | 342.65 | CNY | 25December2020 | 25December2023 | No |
HuZehong,LiangRuiling,DaiYaojin | 127.11 | CNY | 31May2021 | 31August2023 | No |
ZhuXinming | 1,470.00 | CNY | 6November2020 | 1December2023 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 2,450.00 | CNY | 26June2022 | 25June2023 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 485.10 | CN | 10March2022 | 9March2024 | No |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
Y | |||||
JiangxiXinzixinRealEstateCo.,Ltd. | 1,693.30 | CNY | 29September2020 | 29September2023 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 2,156.00 | CNY | 21December2020 | 31December2022 | No |
ZhuXinming | 168.08 | CNY | 30December2020 | 30December2023 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 435.02 | CNY | 19May2020 | 19May2023 | No |
ZhuXinming | 355.55 | CNY | 8December2020 | 8December2023 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 2,940.00 | CNY | 29June2022 | 28June2023 | No |
ZhuXinming | 219.95 | CNY | 8January2020 | 8January2023 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 485.10 | CNY | 10March2022 | 9March2024 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 725.11 | CNY | 14July2020 | 14July2023 | No |
EconTechnology | 3,300.00 | CNY | 13November2020 | 31December2024 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 614.57 | CNY | 18August2022 | 18August2023 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 1,612.82 | CNY | 10August2021 | 15July2031 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 1,540.00 | CNY | 29October2021 | 26October2026 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 1,540.00 | CNY | 24October2022 | 26October2026 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 1,540.00 | CNY | 19September2022 | 18September2023 | No |
ShenzhenHenglongtongTechnologyCo.,Ltd.,GuizhouHuajinrunTechnologyCo.Ltd.,HuayingGaokedeElectronicsTechnologyCo.,Ltd.,HuayingGaokelongElectronicsTechnologyCo.,Ltd.,ShenzhenBaili | 488.37 | CNY | 1January2022 | 31December2025 | No |
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
YongxingTechnologyCo.,Ltd. |
ShenzhenHenglongtongTechnologyCo.,Ltd.,GuizhouHuajinrunTechnologyCo.Ltd.,HuayingGaokedeElectronicsTechnologyCo.,Ltd.,HuayingGaokelongElectronicsTechnologyCo.,Ltd.,ShenzhenBailiYongxingTechnologyCo.,Ltd.
552.72 | CNY | 1January2022 | 31December2025 | No |
ShenzhenHenglongtongTechnologyCo.,Ltd.,GuizhouHuajinrunTechnologyCo.Ltd.,HuayingGaokedeElectronicsTechnologyCo.,Ltd.,HuayingGaokelongElectronicsTechnologyCo.,Ltd.,ShenzhenBailiYongxingTechnologyCo.,Ltd.
735.00 | CNY | 1January2022 | 31December2025 | No | |
HuZehong,LiangRuiling,DaiYaojin | 2,450.00 | CNY | 1July2018 | 31December2025 | No |
HuZehong,LiangRuiling,DaiYaojin | 4,899.02 | CNY | 1July2018 | 31December2025 | No |
SuiyongRongxinAssetManagementCo.,Ltd. | 980.00 | CNY | 1January2018 | 31December2022 | No |
SuiyongRongxinAssetManagementCo.,Ltd. | 2,450.00 | CNY | 1January2018 | 31December2022 | No |
SuiyongRongxinAssetManagementCo.,Ltd. | 1,862.00 | CNY | 1January2018 | 31December2022 | No |
ZhuXinming | 11,123.00 | CNY | 15October2021 | 14October2022 | No |
ZhuXinming | 1,323.00 | CNY | 15October2021 | 14October2022 | No |
ZhuXinming | 443.45 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 283.32 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 235.95 | CN | 1January2022 | 31December | No |
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
Y | 2022 | ||||
ZhuXinming | 13,249.19 | CNY | 19February2022 | 18February2023 | No |
ZhuXinming | 6,860.00 | CNY | 1March2022 | 28February2023 | No |
ZhuXinming | 2,330.54 | CNY | 9March2022 | 8March2023 | No |
ZhuXinming | 44.05 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 443.45 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 278.55 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 231.91 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 44.05 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 443.45 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 274.27 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 66.67 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 44.05 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 443.45 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 78.79 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 44.05 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 224.27 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 214.50 | CNY | 1January2022 | 31December2022 | No |
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
ZhuXinming | 262.79 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 649.29 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 298.90 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 490.00 | CNY | 28February2022 | 27February2023 | No |
ZhuXinming | 224.27 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 210.90 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 224.27 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 260.25 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 210.90 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 298.90 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 224.27 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 60.57 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 224.27 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 257.71 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 60.57 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 286.65 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 224.27 | CNY | 1January2022 | 31December2022 | No |
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
ZhuXinming | 224.27 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 255.17 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 110.25 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 101.77 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 4.58 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 223.85 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 171.33 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 93.12 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 223.85 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 171.33 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 93.12 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 223.85 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 171.33 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 93.12 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 223.85 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 76.44 | CNY | 1January2022 | 31December2022 | No |
ZhuXinming | 93.12 | CNY | 1January2022 | 31December2022 | No |
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
ZhuXinming | 2,940.00 | CNY | 1March2022 | 28February2023 | No |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 2,450.00 | CNY | 19May2022 | 19May2023 | No |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 2,083.96 | CNY | 19May2022 | 19May2023 | No |
YuanShengxiang,YudongEnvironmentalProtectionTechnologyCo.,Ltd. | 6,370.00 | CNY | 15August2022 | 14August2023 | No |
YuanShengxiang,YudongEnvironmentalProtectionTechnologyCo.,Ltd. | 2,450.00 | CNY | 21December2022 | 14August2023 | No |
KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | 1,322.54 | CNY | 15December2021 | 5November2022 | No |
WuGuoren | 875.00 | USD | 31December2019 | 31December2024 | No |
WuGuoren | 2,450.00 | USD | 31December2019 | 31December2024 | No |
WuGuoren | 212.50 | USD | 31December2019 | 31December2024 | No |
XiaoYongsong | 840.00 | USD | 31December2019 | 31December2024 | No |
XiaoYongsong | 2,352.00 | USD | 31December2019 | 31December2024 | No |
XiaoYongsong | 204.00 | USD | 31December2019 | 31December2024 | No |
ShenzhenUnifortuneSupplyChainManagementCo.,Ltd. | 1,477.84 | USD | 21June2021 | 31December2022 | No |
ShenzhenUnifortuneSupplyChainManagementCo.,Ltd. | 867.30 | USD | 21June2021 | 31December2022 | No |
GuizhouHuajinrunTechnologyCo.Ltd. | 381.15 | USD | 1January2022 | 31December2025 | No |
GuizhouHuajinrunTechnologyCo.Ltd. | 157.50 | USD | 1January2022 | 31December2025 | No |
ShenzhenHenglongtongTechnologyCo.,Ltd. | 241.40 | USD | 1January2022 | 31December2025 | No |
ShenzhenHenglongtongTechnologyCo.,Ltd. | 99.75 | USD | 1January2022 | 31December | No |
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
2025 | |||||
AUJETINDUSTRYLIMITED | 3,227.63 | USD | 10November2021 | 31December2023 | No |
AUJETINDUSTRYLIMITED | 89.18 | USD | 10November2021 | 31December2023 | No |
AUJETINDUSTRYLIMITED | 1,029.00 | USD | 20July2020 | 31December2023 | No |
4.BorrowingsofFunds
Nameofrelatedparties | Amount | Currency | Startdate | Maturitydate |
Borrowing: | ||||
OCTGroup | 131,091.00 | CNY | 10January2022 | 25February2024 |
OCTGroup | 50,000.00 | CNY | 19May2022 | 25February2024 |
OCTGroup | 70,000.00 | CNY | 26May2022 | 25February2024 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 10,535.00 | CNY | 1February2022 | 31January2023 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 490.00 | CNY | 30May2022 | 29May2023 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 1,837.50 | CNY | 10November2022 | 31December2022 |
EconTechnology | 33.00 | CNY | 31March2022 | 19March2023 |
EconTechnology | 31.35 | CNY | 2June2021 | 19March2023 |
EconTechnology | 20.13 | CNY | 4June2021 | 19March2023 |
EconTechnology | 1,536.15 | CNY | 13August2021 | 19March2023 |
EconTechnology | 285.85 | CNY | 13October2021 | 19March2023 |
EconTechnology | 40.26 | CNY | 17December2021 | 19March2023 |
EconTechnology | 99.26 | CNY | 16February2022 | 19March2023 |
EconTechnology | 95.96 | CNY | 12May2022 | 28February2023 |
EconTechnology | 39.60 | CNY | 16June2022 | 28February2023 |
EconTechnology | 1,070.92 | CNY | 23June2022 | 28February2023 |
EconTechnology | 49.50 | CNY | 19September2022 | 28February2023 |
EconTechnology | 33.00 | CNY | 19December2022 | 28February2023 |
ChongqingKangjianPhotoelectricTechnologyCo.,Ltd. | 800.00 | CNY | 26October2022 | 24February2023 |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
Nameofrelatedparties | Amount | Currency | Startdate | Maturitydate |
GuangdongWanrundaohengCultureTourismDevelopmentCo.,Ltd. | 3,040.00 | CNY | 19July2022 | 17July2023 |
GuangdongWanrundaohengCultureTourismDevelopmentCo.,Ltd. | 5,074.10 | CNY | 15September2022 | 17July2023 |
KangkongVentureCapital(Shenzhen)Co.,Ltd. | 245.00 | CNY | 21July2022 | 19July2023 |
BeijingXuriShengxingTechnologyCo.,Ltd. | 228.67 | CNY | 5December2022 | 30November2023 |
Total | 276,676.25 | |||
Lending: | ||||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 10,020.00 | CNY | 23November2021 | 22November2022 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 3,230.00 | CNY | 25August2022 | 24August2023 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 1,020.00 | CNY | 17March2022 | 19January2023 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 3,400.00 | CNY | 23May2022 | 30December2022 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 2,500.00 | CNY | 1June2022 | 30December2022 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 2,430.00 | CNY | 28November2022 | 14November2023 |
DongguanGuankangyuhongInvestmentCo.,Ltd. | 19,600.00 | CNY | 6August2022 | 15July2023 |
ChongqingLanlvMomaRealEstateDevelopmentCo.,Ltd. | 18,843.00 | CNY | 25November2020 | 24November2021 |
EconTechnology | 18,315.11 | CNY | 28December2022 | 16March2023 |
SichuanChengrui | 14,724.50 | CNY | 8December2022 | 7December2023 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 15,288.00 | CNY | 18December2022 | 17October2023 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 735.00 | CNY | 6January2022 | 4January2023 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 16,758.00 | CNY | 26March2022 | 21March2023 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 1,359.26 | CNY | 22March2022 | 20March2023 |
ChongqingLiangshanIndustrialInvestmentCo.,Ltd. | 7,524.80 | CNY | 24December2022 | 23December2023 |
YantaiKangyueInvestmentCo.,Ltd. | 12,852.70 | CNY | 16December2021 | 5November2022 |
Nameofrelatedparties | Amount | Currency | Startdate | Maturitydate |
Total | 148,600.37 |
5.InformationonAssetsTransferandDebtRestructuringbyRelatedParty
Nameofrelatedparties | Content | Amountincurredinthisyear | Amountincurredlastyear |
OCTGroupanditssubsidiariesandassociates | Equitytransfer | 1,400,000,000.00 | |
ChutianDragonCo.,Ltd. | Equitytransfer | 1,000,000.00 | |
OCTGroupanditssubsidiariesandassociates | Transferofpatents,softwarecopyrightsandtrademarks | 12,843,396.23 | |
Total | 12,843,396.23 | 1,401,000,000.00 |
6.InformationonRemunerationforKeyManagementPersonnel
Item | ReportingPeriod(RMB’0,000) | Sameperiodoflastyear(RMB’0,000) |
Totalremuneration | 2,206.85 | 2,646.29 |
(II)BalanceswithRelatedParty
1.AccountsReceivable
Relatedparty | Endingbalance | Openingbalance | ||
Carryingbalance | Baddebtprovision | Carryingbalance | Baddebtprovision | |
Accountsreceivable: | ||||
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 156,687,630.71 | 8,433,199.71 | 112,295,325.56 | 2,448,228.43 |
ShenzhenYaodeTechnologyCo.,Ltd.anditssubsidiaries | 143,135,135.62 | 121,664,865.28 | 131,032,162.46 | 65,516,081.23 |
HOHOELECTRICAL&FURNITURECO.,LIMITED | 123,273,472.66 | 18,429,711.73 | 113,606,433.75 | 7,481,903.77 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 52,156,655.05 | 1,063,995.77 | 45,393,066.82 | 926,018.56 |
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | 47,638,172.10 | 2,368,282.48 | 148,730,451.88 | 8,135,088.28 |
ShenzhenKanghongxingSmartTechnologyCo.,Ltd. | 39,215,316.77 | 32,913,147.45 | 39,940,213.90 | 6,151,331.52 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesaswellasitsassociatedenterprises | 13,523,856.80 | 410,843.28 | 22,468,132.66 | 458,349.90 |
ShenzhenKondaE-displayCo.,Ltd.anditssubsidiaries | 10,824,609.83 | 220,822.05 | 12,099,780.90 | 247,013.76 |
Subtotalofotherrelatedparties | 22,671,223.40 | 675,458.06 | 27,367,315.41 | 583,847.73 |
Total | 609,126,072.94 | 186,180,325.81 | 652,932,883.34 | 91,947,863.18 |
Financingaccountsreceivable/Notesreceivable: | ||||
KoreaElectricGroupCo.,Ltd.anditssubsidiaries | 103,340,000.00 | 15,000,000.00 | ||
ChuzhouHanshangElectricApplianceCo.,Ltd. | 5,028,746.39 | 14,000,000.00 | ||
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | 63,064.76 | 1,815,713.26 | ||
Total | 108,431,811.15 | 30,815,713.26 | ||
Dividendsreceivable | ||||
ChongqingQingjiaElectronicsCo.,Ltd. | 272,999.43 | |||
Total | 272,999.43 | |||
Otherreceivables: | ||||
JiangxiMeiji | 93,512,640.31 | 86,901,651.51 | 93,512,640.31 | 52,729,155.43 |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
EnterpriseCo.,Ltd. | ||||
DaiRongxing | 83,058,831.58 | 83,058,831.58 | 79,974,500.96 | 52,816,781.04 |
ChongqingLiangshanIndustrialInvestmentCo.,Ltd. | 75,330,416.70 | 1,536,740.51 | 223,196,349.34 | 4,553,205.53 |
ShenzhenKanghongxingSmartTechnologyCo.,Ltd. | 39,888,921.64 | 36,024,193.48 | 36,670,149.78 | 23,809,925.53 |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 35,760,987.33 | 20,304,912.84 | 30,429,787.06 | 19,968,912.07 |
HuanjiaGroupCo.,Ltd. | 25,083,675.53 | 24,582,002.02 | 25,083,675.53 | 17,302,185.43 |
DongguanGuankangYuhongInvestmentCo.,Ltd.(formerlyknownasDongguanKonkaInvestmentCo.,Ltd.) | 22,000,000.00 | 220,000.00 | ||
HOHOELECTRICAL&FURNITURECO.,LIMITED | 2,443,773.67 | 554,492.25 | 2,237,153.78 | 224,162.83 |
HuZehong | 2,058,174.06 | 41,986.75 | ||
Subtotalofotherrelatedparties | 159,634.37 | 3,230.02 | 117,002.15 | 46,468.84 |
Total | 379,297,055.19 | 253,228,040.96 | 491,221,258.91 | 171,450,796.70 |
Prepayments: | ||||
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd.anditssubsidiaries | 5,720,375.37 | |||
PuchuangJiakangTechnologyCo,Ltd. | 3,176,682.44 | |||
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 1,094,665.28 | |||
ShenzhenKanghongxingSmartTechnologyCo.,Ltd. | 4,298,225.15 | |||
KKSmartechLimited | 1,534,918.13 |
Subtotalofotherrelatedparties | 1,184,075.41 | 961,888.99 | |
Total | 11,175,798.50 | 6,795,032.27 | |
Currentportionofnon-currentassets: | |||
FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | 10,395,523.78 | ||
Total | 10,395,523.78 | ||
Othercurrentassets: | |||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 366,191,797.92 | 339,338,066.67 | |
YantaiKangyunIndustrialDevelopmentCo.,Ltd.anditssubsidiaries | 238,121,355.60 | 127,164,360.00 | |
ChongqingLanlvMomaRealEstateDevelopmentCo.,Ltd. | 220,546,846.61 | 205,263,079.97 | |
DongguanGuankangYuhongInvestmentCo.,Ltd.(formerlyknownasDongguanKonkaInvestmentCo.,Ltd.) | 217,760,251.21 | 211,662,473.43 | |
ShandongEconTechnologyCo.,Ltd.anditssubsidiaries | 183,151,149.03 | 427,620,131.62 | |
YantaiKangyueInvestmentCo.,Ltd. | 160,287,449.78 | 149,862,482.00 | |
SichuanChengrui | 158,533,783.32 |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 163,287,310.66 | ||
Total | 1,544,592,633.47 | 1,624,197,904.35 | |
Long-termreceivables: | |||
FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | 565,099.14 | ||
Total | 565,099.14 |
2.AccountsPayable
Relatedparty | Endingcarryingbalance | Openingcarryingbalance |
Accountspayable: | ||
ChuzhouHanshangElectricApplianceCo.,Ltd. | 22,429,429.76 | 46,950,863.88 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiaries | 13,942,717.31 | 30,500,867.67 |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 13,114,183.37 | 9,087,624.55 |
ShenzhenKondaE-displayCo.,Ltd.anditssubsidiaries | 12,879,895.22 | 15,522,755.99 |
HOHOELECTRICAL&FURNITURECO.,LIMITED | 6,083,652.55 | 2,391,530.03 |
PanxuIntelligenceCo.,Ltd.anditssubsidiaries | 5,894,192.83 | 1,433.53 |
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | 4,615,128.91 | 4,370,387.10 |
HandianGroupCo.,Ltd.anditssubsidiaries | 2,609,330.74 | 9,047,641.17 |
DongguanKangzhihuiElectronicsCo.,Ltd. | 1,730,506.79 | 6,435,302.72 |
ChongqingRuiyinRenewableResourcesCo.,Ltd.anditssubsidiaries | 10,737,902.34 | |
Subtotalofotherrelatedparties | 6,167,532.67 | 9605,650.30 |
Total | 89,466,570.15 | 144,651,959.28 |
Notespayable: | ||
ChuzhouHanshangElectricApplianceCo.,Ltd. | 13,000,000.00 | |
HandianGroupCo.,Ltd.anditssubsidiaries | 9,889,686.67 | 15,984,491.27 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiaries | 4,868,677.92 | 8,933,479.14 |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | 5,664,319.21 | 6,265,841.17 |
(formerlynamed:DongguanKonkaPackingMaterialsCo.,Ltd.) | ||
PanxuIntelligenceCo.,Ltd.anditssubsidiaries | 4,425,575.22 | 4,782,566.22 |
PuchuangJiakangTechnologyCo,Ltd. | 22,412,418.23 | |
Total | 37,848,259.02 | 58,378,796.03 |
Contractualliabilities/othercurrentliabilities: | ||
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 42,395,460.49 | 46,611,404.78 |
ShenzhenKondaE-displayCo.,Ltd.anditssubsidiaries | 2,873,318.85 | |
ShenzhenAimijiakangTechnologyCo.,Ltd.(formerlyknownasSichuanAimijiakangTechnologyCo.,Ltd.) | 2,541,156.83 | 6,360,494.53 |
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | 1,328,665.36 | 58,029.27 |
Subtotalofotherrelatedparties | 1,625,651.76 | 1,117,757.57 |
Total | 50,764,253.29 | 54,147,686.15 |
Otherpayables: | ||
ChuzhouHanshangElectricApplianceCo.,Ltd. | 185,043,644.73 | 130,054,989.90 |
GuangdongWanrundaohengCultureTourismDevelopmentCo.,Ltd. | 83,480,206.21 | 120,212,000.00 |
ShandongEconTechnologyCo.,Ltd.anditssubsidiaries | 42,331,626.74 | 20,241,596.71 |
ChongqingKangjianPhotoelectricTechnologyCo.,Ltd. | 8,029,369.86 | |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 5,897,248.07 | 4,008,920.58 |
KangkongVentureCapital(Shenzhen)Co.,Ltd.(formerlyknownasKonkaVentureCapital(Shenzhen)Co.,Ltd.) | 2,483,024.67 | |
CentralEnterprisesinpoverty-strickenareas(Jiangxi)IndustrialInvestmentFundsPartnership(L.P.) | 2,400,000.00 | |
BeijingXuriShengxingTechnologyCo.,Ltd. | 2,396,943.13 | 1,100,000.00 |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd.(formerlynamed:DongguanKonkaPackingMaterialsCo.,Ltd.) | 209,400.00 | 4,923,662.92 |
E3info(Hainan)TechnologyCo.,Ltd.anditssubsidiaries | 163,730.25 | 50,166,438.36 |
FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | 6,503,608.50 | |
ChongqingRuiyinRenewableResourcesCo.,Ltd.anditssubsidiaries | 2,454,022.61 |
Subtotalofotherrelatedparties | 10,210,205.65 | 8,757,387.53 |
Total | 342,645,399.31 | 348,422,627.11 |
XIV.Contingency
(1)BeforetheCompanyacquiredJiangxiKonka,JiangxiKonkaanditssubsidiariesXinfengMicrocrystallineandJiangxiHighTransparentSubstrate(formerlyknownasNano-GrystallizedGlass)providedjointandseveralliabilityguaranteefortheloansfromNanchangRuralCommercialBankCo.,Ltd.toJiangxiXinxinJian'anEngineering,JiangxiZhongyiDecorativeMaterialandJiangxiShanshiScienceandTechnology,relatedpartiesofformercontrollingshareholdersofJiangxiKonka,andNanchangRuralCommercialBankCo.,Ltd.thentransferredtheclaimstoChinaGreatWallAMCJiangxiBranch.ForthefailureofJiangxiXinxinJian'anEngineering,JiangxiZhongyiDecorativeMaterialandJiangxiShanshiScienceandTechnologytorepaytheborrowingsontime,ChinaGreatWallAMCJiangxiBranchfiledalawsuitrequestingJiangxiXinxinJian'anEngineering,JiangxiZhongyiDecorativeMaterialandJiangxiShanshiScienceandTechnologytorepaytheloanprincipalamountingtoRMB300millionandtheliquidateddamageandinterestarisingfromitandguarantorsJiangxiKonka,XinfengMicrocrystallineandJiangxiHighTransparentSubstratetobearjointandseveralliabilityforsuchdebts.OnOctober31,2019,JiangxiProvincialSuperiorPeople’sCourtruledinthefirstinstancethatJiangxiXinxinJian'anEngineering,JiangxiZhongyiDecorativeMaterial,JiangxiShanshiTechnologyshouldrepaytoChinaGreatWallAMCJiangxiBranchtheloanprincipalofRMB300millionandtheinterestandliquidateddamagearisingfromitwithin10daysfromtheeffectivedateofthejudgment,andJiangxiKonkaNewMaterial,ZhuXinming,LengSumin,Nano-GrystallizedGlass,XinfengMicrocrystallineshouldbearjointandseveralliabilityforalldebtsrecognizedinthisjudgment.Thedefendantsappealedagainstthefirst-instancejudgmentandtheSupremePeople'sCourtacceptedtheappeal.OnMarch24,2021,theSupremePeople'sCourtofthePeople'sRepublicofChinamadethefollowingruling:I.CivilJudgment(2018)G.M.CH.No.110madebyJiangxiProvincialSuperiorPeople'sCourtisabrogated;II.ThiscaseisremandedtoJiangxiProvincialSuperiorPeople'sCourtforretrial.Asofthedateofissuanceofthisreport,thecaseisstillbeingtriedinthefirstinstance.TheactualcontrollerofJiangxiKonkaNewMaterials,ZhuXinming,andhisspouse,LengSumin,asguarantors,providedatotalofaboutRMB143millionofrealestatemortgageguaranteetoGreatWallAMCfortheaboveloans.ZhuXinmingandLengSuminalsoprovidedjointliabilityguarantees.InordertoavoidtheadverseimpactofthiscaseontheCompany,theCompanyhasagreedintheacquisitionagreementofJiangxiKonka,XinfengMicrocrystallineandnanometermicrocrystallinethatallcontingentdebtsincurredbyJiangxiKonkabytheoriginalshareholdersof
Konkanewmaterialintheformofjointandseveralliability.JiangxiXinzixinRealEstateCo.,ltd.hasheldatotalofaboutRMB243millionofrealestateassetsasthecaseoftheanti-guaranteemortgagetoKonkagroupandwentthroughthemortgageregistrationprocedures.
(2)AsforthedisputeoftheCompanywithLuoZaotong,LuoJingxia,LuoZongyin,LuoZongwuandShenzhenYaodeTechnologyCo.,Ltd.onsharerepurchase,sincetheotherpartydidnotactivelyperformtherepurchaseobligation,theCompanyfiledalawsuitwiththePeople'sCourtofNanshanDistrict,Shenzhen.TheamountofthesubjectmatterinvolvedinthelawsuitisRMB249million.OnNovember22,2021,theCompanyappliedtoShenzhenNanshanDistrictPeople'sCourtforpropertypreservation.On11January2023,thePeople’sCourtofNanshanDistrictofShenzhenrenderedajudgmentoffirstinstance,rulingthatLuoZaotong,LuoJingxia,LuoZongyinandLuoZongwupaytherepurchaseamountofRMB172millionplusthesumofinterestcalculatedat12%perannumfrom6April2017tothedateofpaymentoftheequityrepurchasebythedefendantLuoZaotong,LuoJingxia,LuoZongyinandLuoZongwu.Asatthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(3)AstheacceptorfailedtopaythecommercialacceptancebillsheldbytheCompanyuponmaturity,theCompany,astheplaintiff,requesteddebtorsHongtuSanpowerTechnologyCo.,Ltd.,JiangsuHongtuHighTechnologyCo.,Ltd.,SanpowerGroupCo.,Ltd.,NanjingJiongjiongElectronicTechnologyCo.,Ltd.andShenzhenQianhaiBenniuAgriculturalTechnologyCo.,Ltd.tobearjointandseveralliabilityforthebillsandtheoverdueinterest.InJuly2019,thecompanyfiledalawsuitwiththecourt,andthecourthaspreservedthedefendant'scorrespondingproperty.Asatthedateofissuanceofthisreport,thecaseisintrial.
(4)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompanyandWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.,PengChaojun,HeJiaguo,HeJiayi,LiangXiangzhou,XuYizheng,HeFan,PangHuasheng,SongLiangming,andLiangXiangmeiovertherightofrecourseforbillsisRMB200millionandthecorrespondinginterest.InSeptember2020,theCompanyfiledalawsuitwithWuhanIntermediatePeople'sCourt,andtheCourtorderthedefendanttopayKonkaGroupthebillsandinterest.Asatthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(5)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryKonkaUnifortuneandShenzhenYaodeTechnologyCo.,Ltd.,DongshengXinluoTechnology(Shenzhen)Co.,Ltd.,ShenzhenHongyaoDingshengInvestmentManagementCo.,Ltd.,ShenzhenXiangruiYingtongInvestmentManagementCo.,Ltd.,LuoJingxia,LuoZongwu,LuoZongyin,LuoZaotongandLuoSaiyinovercontractsisRMB155million.On8September2022,thecourtissuedajudgmentinfavouroftheCompany’ssubsidiary.Asatthedateofissuanceofthisreport,thecase
wasexecutedinprogress.
(6)AstheacceptorfailedtopaythecommercialbillsheldbytheCompanyuponmaturity,theCompany,astheplaintiff,filedalawsuittothecourtonthematuredbillsamountingtoRMB300million,requestingthebillacceptorShanghaiHuaxinandpriorpartiesinvolvedtobearjointandseveralliabilityforthebillsandliquidateddamageandinterest.Asatthedateofissuanceofthisreport,thecaseinvolvingRMB150millionisincompulsoryexecutionandshareholdershavebeenaddedaspersonstobeexecutedinthiscase.FortheremainingRMB150million,thedefendantshavebeenorderedtopayKonkaGroupthebillsandinterest,whichisnowincompulsoryexecution.Asatthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(7)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiariesFrestecRefrigeration,AnhuiKonka,KonkaMaterialandAnhuiTongchuang(plaintiff)andShantouMeisenTechnologyCo.,Ltd.,ShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,LinYuanqin,HuangRuirong,JiangsuHuadongHardwareZoneCo.,Ltd.,ChuangfuCommerce&TradePlazaRealEstateDevelopment(Huizhou)Co.,Ltd.andPuningJunlongTradeCo.,Ltd.(defendants)overcontractsisRMB380million.Asatthedateofissuanceofthisreport,thecaseisintrial.
(8)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryKonkaInvestment(plaintiff)andElionResourcesGroupCo.,Ltd.andElionEcologicalCo.,Ltd.(defendants)overcapitalincreaseisRMB98million.Thecourtofarbitrationissuedanawardon27January2022.On16February2022,theenforcementhasbeenfiled.On9September2022,theCompanyandElionenteredintoanexecutionsettlementagreement,whichprovidesformonthlyrepaymentfrom15September2022to25August2023topayofftheoutstandingamountofthiscase.Asattheissuanceofthisreport,anaccumulatedamountofRMB63millionhasbeenreturned,andthecasewasexecutedinprogress.
(9)Thecompany'ssubsidiaryKangjiaHuanjia(theplaintiff)andHuanjiaGroupCo.,LTD.,DalianJinshundaMaterialRecyclingCo.,LTD.(thedefendant)and38othercompaniesinaseriesofsalescontractdisputes,thesubjectofthelitigationamountis890millionyuan.KangjiaHuanjiahasappliedforthecourttosealupandfreezethedefendant'scorrespondingproperty.Inthecaseinvolving322millionyuanoflitigation,thecourtdeliveredarulingoffirstinstancetoKangjiainMarch2023,rejectingthesuitofKangjiaHuanjia.Theremainingcases,involving568millionyuan,weredecidedbythecourtoffirstinstanceinDecember2022,andKangjiaHuanjiadunhasappealedtotheLiaoningProvincialHighPeople'sCourt.Asofthedateofthisreport,thecaseisundertrial.
(10)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryDongguanKonka(plaintiff)andDongguanGaonengPolymerMaterialsCo.,Ltd.,WangDong,
ShenzhenXinlianXingyaoTradingCo.,Ltd.,ShenzhenJinchuanQianchaoNetworkTechnologyCo.,Ltd.,PuningJunlongTradingCo.,Ltd.andHuangZhihao(defendants)oversalesandpurchasecontractsisRMB90million.InDecember2020,theCompanyfiledalawsuittothecourt.Asofthedateofissuanceofthisreport,thecaseisintrial.
(11)AstheacceptorfailedtopaythecommercialbillsheldbytheCompanyuponmaturity,theCompany,astheplaintiff,filedalawsuittothecourtonthematuredbillsamountingtoRMB78million,requestingthecourttoorderHefeiHuajunTradingCo.,Ltd.andWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.topaytheCompanythebillsandtheinterestfordefault,andappliedforpropertypreservation.ThecaseexecutedareturnofRMB2million,andtheCompanyisapplyingtothecourtforaddingshareholdersaspersonstobeexecuted.Asatthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(12)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryKonkaFactoring(theplaintiff)andTahoeGroupCo.,Ltd.,FuzhouTaijiaEnterpriseCo.,Ltd.andXiamenLianchuangMicro-electronicsCo.,Ltd.(thedefendants)overtherightofrecourseforbillsisRMB50millionandthecorrespondinginterest.OnSeptember1,2021,theIntermediatePeople'sCourtofXiamenMunicipality,Fujian,orderedthedefendantstopaytheplaintiffe-commercialacceptancebillsofRMB50millionandthecorrespondinginterest.On4January2022,theenforcementhasbeenfiled.ThecaseexecutedareturnofRMB43million.Asatthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(13)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany(plaintiff)andChinaEnergyElectricFuelCo.,Ltd.,ChinaEnergy(Shanghai)EnterpriseCo.,Ltd.,ShanghaiNengpingEnterpriseCo.,Ltd.andShenzhenQianhaiBaoyingCommercialFactoringCo.,Ltd.(defendants)overtherightofrecourseforbillsisRMB50millionandthecorrespondinginterest.InSeptember2018,theCompanyfiledalawsuitwithShenzhenIntermediatePeople’sCourt,whichhaspreservedthedefendant’scorrespondingproperty.Thejudgmentofthiscasehascomeintoeffect.TheCourtorderedChinaEnergyElectricFuelCo.,Ltd.andotherdefendantstopaytheCompanythebillsofRMB50millionandtheinterest.Asatthedateofissuanceofthisreport,thecaseisinexecution,andtheCompanyhasappliedtothecourtforaddingshareholdersaspersonstobeexecuted.
(14)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryAnhuiKonka(plaintiff)andMakenaElectronic(HongKong)(defendant)overthesalesandpurchasecontractisRMB5,440,200.OnDecember7,2021,AnhuiKonkafiledanarbitrationwiththeShenzhenCourtofInternationalArbitration.On14October2022,theenforcementhasbeenfiled.Asatthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(15)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryAnhuiKonka(plaintiff)andShanghaiLikaiLogisticsCo.,Ltd.ShenzhenBranchandShanghaiLikaiLogisticsCo.,Ltd.(defendants)overfreightforwardingcontractsinmaritimeandopenseawatersisRMB38million.OnApril26,2021,KonkaappliedtoShanghaiMaritimeCourtforcompulsoryexecution.OnJune7,2021,theCourtacceptedthecase.Asatthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(16)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany’ssubsidiaryPengrunTechnology(plaintiff)andGuanganOuQiShiElectronicTechnologyCo.,Ltd.,GuanHongshao,HuayingGaokedeElectronicTechnologyCo.,Ltd.,HuayingGaokelongElectronicTechnologyCo.,Ltd.,GuizhouJiaguidaTechnologyCo.,Ltd.,SichuanHongrongyuanRealEstateCo.,Ltd.,DuXinyu,LinbolongandWangShisheng(defendants)overtrustcontractisRMB167million.Thecasehasbeenappliedforpropertypreservationmeasures.Asatthedateofissuanceofthisreport,thecasesareundertrial.
(17)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany(plaintiff)andYantaiKangyueInvestmentCo.,Ltd.(defendant)overborrowingcontractisRMB160million.TheCompanyhasappliedtotheShenzhenIntermediatePeople'sCourtforpropertypreservation.Asatthedateofissuanceofthisreport,thecasesareundertrial.
(18)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany’ssubsidiaryKonkaHuanjia(plaintiff)andBankOfFuxinCo.,Ltd.,HuanjiaGroup,DalianJinjiaMaterialsRecyclingCo.,Ltd.,DalianJinKaixuanRenewableResourcesAcquisitionChainCo.,Ltd.,DalianYingtaiPaperCo.,Ltd.,DalianZhanhongRenewableResourcesRecyclingCo.,Ltd.andWangJinping(defendants)overtheexecutionobjectionbyanoutsiderisRMB240million.Asatthedateofissuanceofthisreport,thecasesareundertrial.
(19)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany’ssubsidiaryHongKongKonka(plaintiff)andHongKongJinzhuElectronicCo.,Limited(defendant)overasalesandpurchasecontractisRMB77million.HongKongKonkahasappliedforarbitration.ShenzhenJinzhuIndustrialCompanyLimited,XuXiang,ZhengBaoyaoandKeHanhuaprovidedguaranteesforthedebtsofHongKongJinzhuElectronicCo.,LimitedtoHongKongKonka,andHongKongKonkahasfiledalawsuitagainsttheabove-mentionedguarantors.Asatthedateofissuanceofthisreport,thecasesareundertrial.
(20)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany’ssubsidiaryJiaxinTechnologyCo.,Limited(plaintiff)andTripodElectronicsTechnology(HongKong)Limited,ChenWenhuanandChenBaohong(defendants)overasalesandpurchasecontractofinternational
goodsisRMB51million.Asatthedateofissuanceofthisreport,thecasesareundertrial.
(21)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany’ssubsidiaryKangzhiTrade(plaintiff)andB<ECHNOLOGYCO.,LIMITED(defendant)overasalesandpurchasecontractofinternationalgoodsisRMB25million.Asatthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(22)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany’ssubsidiaryAnhuiKonka(plaintiff)andMAKENAElectronic(Shenzhen)Co.,Ltd.(defendant)overaguaranteecontractisRMB21million.On27December2022,theCourtThecourtmadeajudgmentoffirstinstance,whichsupportedmostofAnhuiKonka'sclaims,andbothpartiesappealedagainstthefirstinstancejudgment.Asatthedateofissuanceofthisreport,thecasesareundertrial.
(23)TheamountofthesubjectmatterinvolvedinthedisputebetweenShenzhenOrientalVentureCapitalInvestmentCo.,Ltd.(plaintiff)andtheCompany(defendant)overacontractisRMB750million.Asatthedateofissuanceofthisreport,thecasesareundertrial.
(24)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompanyandtheCompany’ssubsidiaryElectronicsTechnology(defendants)andWuRong(plaintiff)overasalesandpurchasecontractisRMB22million.Asatthedateofissuanceofthisreport,thecasesareundertrial.XIII.CommitmentandContingency
1.CapitalCommitments
Item | Endingbalance | Beginningbalance |
Largeamountcontractsignedbuthasn’tbeenrecognizedinfinancialstatements | ||
-Commitmentonconstructionandpurchaseoflong-livedassets | ||
-Largeamountcontract | 523,553,381.89 | 954,751,938.62 |
-Foreigninvestmentcommitments | ||
Total | 523,553,381.89 | 954,751,938.62 |
2.OtherCommitmentsAsof31December2022,therewerenoothersignificantcommitmentsfortheCompanytodisclose.
XIV.EventsafterBalanceSheetDate
1.SignificantNon-adjustedEventsAsatthedateofissuanceofthisreport,nosignificantnon-adjustedeventsoccurred.
2.SalesReturnAsatthedateofissuanceofthisreport,nosignificantsalesreturnoccurred.
3.TheGrouphadnosignificantpost-balance-sheet-dateeventsotherthantheabove-mentionedonesdisclosedafterthebalancesheetdate.XV.OtherSignificantEventsTheCompanyhadnoothersignificantevents.XVI.NotesofMainItemsintheFinancialStatementsoftheCompanyastheParent
1.AccountsReceivable
(1)AccountsReceivableListedbyWithdrawalMethodsforBadDebts
Category | Endingbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Accountsreceivableofexpectedcreditlosseswithdrawnindividually | 723,559,609.63 | 13.60 | 652,094,110.07 | 90.12 | 71,465,499.56 |
Accountsreceivableofexpectedcreditlosseswithdrawnbyportfolio | |||||
Ofwhich:Agingportfolio | 410,174,776.68 | 7.71 | 193,889,834.11 | 47.27 | 216,284,942.57 |
Relatedpartygroup | 4,186,128,552.37 | 78.69 | 4,186,128,552.37 | ||
Subtotalofportfolios | 4,596,303,329.05 | 86.40 | 193,889,834.11 | 4.22 | 4,402,413,494.94 |
Total | 5,319,862,938.68 | 100.00 | 845,983,944.18 | 15.90 | 4,473,878,994.50 |
(continued)
Category | Openingbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Accountsreceivableofexpectedcreditlosseswithdrawnindividually | 963,517,996.45 | 18.14 | 660,600,525.26 | 68.56 | 302,917,471.19 |
Accountsreceivableofexpectedcreditlosseswithdrawnbyportfolio | |||||
Ofwhich:Agingportfolio | 666,828,622.16 | 12.56 | 181,017,964.57 | 27.15 | 485,810,657.59 |
Relatedpartygroup | 3,679,956,748.33 | 69.30 | 3,679,956,748.33 | ||
Subtotalofportfolios | 4,346,785,370.49 | 81.86 | 181,017,964.57 | 4.16 | 4,165,767,405.92 |
Total | 5,310,303,366.94 | 100.00 | 841,618,489.83 | 15.85 | 4,468,684,877.11 |
1)Provisionforbaddebtsofaccountsreceivableprovidedindividually
Name | Endingbalance | |||
Carryingbalance | Baddebtprovision | Withdrawalproportion(%) | Withdrawalreason | |
ShanghaiHuaxinInternationalGroupCo.,Ltd. | 299,136,676.70 | 293,153,943.17 | 98.00 | Expectedtobedifficulttorecover |
HongtuSanbaoHigh-techTechnologyCo.,Ltd. | 200,000,000.00 | 160,000,000.00 | 80.00 | Agreementreorganization |
ZhongfuTiangongConstructionGroupCo.,Ltd. | 71,589,096.65 | 53,691,822.49 | 75.00 | Expectedtobedifficulttorecover |
CCCCFirstHarborEngineeringCompanyLtd. | 55,438,105.00 | 55,438,105.00 | 100.00 | Expectedtobedifficulttorecover |
ChinaEnergyElectricFuelCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | 100.00 | Expectedtobedifficulttorecover |
HenanRadioandTelevisionNetworkCo.,Ltd. | 26,847,370.00 | 26,847,370.00 | 100.00 | Expectedtobedifficulttorecover |
Others | 20,548,361.28 | 12,962,869.41 | 63.08 | Expectedtobedifficulttorecover |
Total | 723,559,609.63 | 652,094,110.07 | 90.12 |
)Baddebtprovisionforaccountsreceivablemadeasperportfolio①AmongGroups,WithdrawalofExpectedCreditLossbyAging
Aging | Endingbalance | ||
Carryingbalance | Baddebtprovision | Withdrawalproportion(%) | |
Within1year | 165,968,762.52 | 3,385,762.76 | 2.04 |
1to2years | 54,225,280.86 | 5,433,373.14 | 10.02 |
2to3years | 2,927,210.54 | 664,184.07 | 22.69 |
3to4years | 7,537,040.46 | 4,890,031.84 | 64.88 |
Over4years | 179,516,482.30 | 179,516,482.30 | 100.00 |
Total | 410,174,776.68 | 193,889,834.11 | 47.27 |
②AmongGroups,WithdrawalofExpectedCreditLossbyAdoptingOtherMethod
Aging | Endingbalance | ||
Carryingbalance | Baddebtprovision | Withdrawalproportion(%) | |
Relatedpartygroup | 4,186,128,552.37 | ||
Total | 4,186,128,552.37 |
(2)AccountsReceivableListedbyAgingPortfolio
Aging | Endingbalance |
Within1year | 4,177,587,681.73 |
1to2years | 125,417,030.16 |
2to3years | 75,011,848.13 |
3to4years | 130,238,580.35 |
Over4years | 811,607,798.31 |
Subtotal | 5,319,862,938.68 |
Less:baddebtprovision | 845,983,944.18 |
Total | 4,473,878,994.50 |
(3)InformationofBadDebtProvisioninthisYear
Category | Openingbalance | Changesinthisyear | |
Withdrawal | Reversalorrecovery | ||
Baddebtprovisionofaccountsreceivable | 841,618,489.83 | 123,011,503.35 | |
Total | 841,618,489.83 | 123,011,503.35 |
(continued)
Category | Changesinthisyear | Endingbalance | |
Written-offorverified | Others | ||
Baddebtprovisionofaccountsreceivable | 118,646,049.00 | 845,983,944.18 | |
Total | 118,646,049.00 | 845,983,944.18 |
Note:ThedebtrestructuringofTianjinTewooGroupFinanceCo.,Ltd.resultedinadecreaseof
RMB100,000,000.00.
(
)ActuallyVerifiedAccountsReceivableinthisYear
Ofwhich,verificationofsignificantaccountsreceivable:
Nameoftheentity | Nature | Amount | Reason | Procedure | Whetheroccurredbecauseofrelated-partytransactions |
Xi’anHuajinTechnologyTradingCompany | Loan | 4,508,000.00 | Expectedunrecoverable | ReviewedandapprovedbytheBoard | Not |
ShenzhenZhongbailongIndustrialCo.,Ltd. | Loan | 2,086,034.00 | Expectedunrecoverable | ReviewedandapprovedbytheBoard | Not |
Total | 6,594,034.00 |
Item
Item | Amountverified |
Actuallyverifiedaccountsreceivable | 18,646,049.00 |
(5)ReceivableswithTop5EndingBalanceCollectedbyArrearsPartyThetotalamountofreceivableswithtop5endingbalancecollectedbyarrearspartythisyearwasRMB4,225,137,970.33,accountingfor79.42%ofthetotalendingbalanceofaccountsreceivable.ThetotalendingbalanceofbaddebtprovisioncorrespondinglywithdrawnwasRMB453,153,943.17.
(
)Therewerenoaccountsreceivablederecognizedduetothetransferoffinancialassetsthisyear.
(
)Therewerenoassetsorliabilitiesformedduetothetransferandthecontinuedinvolvementofaccountsreceivablethisyear.
2.OtherReceivables
Item | Endingbalance | Openingbalance |
Interestsreceivable | 3,878,580.64 | 2,002,526.91 |
Dividendsreceivable | 393,563,347.61 | 383,943,256.80 |
OtherReceivables | 9,944,884,426.80 | 10,539,120,447.82 |
Total | 10,342,326,355.05 | 10,925,066,231.53 |
2.1Interestreceivable
Item | Endingbalance | Openingbalance |
Termdepositinterest | 3,878,580.64 | 2,002,526.91 |
Total | 3,878,580.64 | 2,002,526.91 |
2.2DividendsReceivable
Investee | Endingbalance | Openingbalance |
HongKongKonkaLimited | 113,563,347.61 | 103,943,256.80 |
SuiningKonkaIndustrialParkDevelopmentCo.,Ltd. | 280,000,000.00 | 280,000,000.00 |
Total | 393,563,347.61 | 383,943,256.80 |
2.3OtherReceivables
(1)ClassifiedbyAccountNature
Nature | Endingcarryingbalance | Openingcarryingbalance |
Intercoursefundsamongsubsidiaries | 11,299,542,985.57 | 11,464,671,000.88 |
Energy-savingsubsidiesreceivable | 141,549,150.00 | 141,549,150.00 |
Intercoursefundswithotherrelated | 50,667,315.53 | 50,667,315.53 |
Nature | Endingcarryingbalance | Openingcarryingbalance |
parties | ||
Depositandmargin | 17,354,107.03 | 10,533,532.11 |
Others | 375,797,998.76 | 253,002,153.59 |
Total | 11,884,911,556.89 | 11,920,423,152.11 |
(
)WithdrawalofBadDebtProvisionforOtherReceivables
Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
Balanceasat1January2022 | 2,036,471.61 | 54,584,345.62 | 1,324,681,887.06 | 1,381,302,704.29 |
Inthisyear,carryingamountofotherreceivableson1January2022 | -46,988.30 | 46,988.30 | ||
-TransferredtothePhaseII | -46,988.30 | 46,988.30 | ||
-TransferredtothePhaseIII | ||||
-TransferredbacktothePhaseII | ||||
-TransferredbacktothePhaseI | ||||
Amountwithdrawnthisyear | 5,012,577.54 | 585,439,500.80 | 590,452,078.34 | |
Amounttransferredbackthisyear | 1,631,756.56 | 1,631,756.56 | ||
Amountwritten-offthisyear | ||||
Amountverifiedthisyear | 2,368,413.91 | 27,727,482.07 | 30,095,895.98 | |
Otherchanges |
Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
Balanceasat31December2022 | 357,726.75 | 57,275,497.55 | 1,882,393,905.79 | 1,940,027,130.09 |
(
)WithdrawalofBadDebtProvisionforOtherReceivablesbyPortfolio
Category | Endingbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Otherreceivablesofexpectedcreditlosseswithdrawnindividually | 1,901,377,741.07 | 16.00 | 1,882,393,905.79 | 99.00 | 18,983,835.28 |
Otherreceivablesofbaddebtprovisionwithdrawnbycreditriskcharacteristicportfolio: | |||||
Agingportfolio | 94,419,620.35 | 0.79 | 54,385,072.09 | 57.60 | 40,034,548.26 |
Low-riskportfolio | 16,755,275.76 | 0.14 | 3,248,152.21 | 19.39 | 13,507,123.55 |
Relatedpartygroup | 9,872,358,919.71 | 83.07 | 9,872,358,919.71 | ||
Subtotalofportfolios | 9,983,533,815.82 | 84.00 | 57,633,224.30 | 0.58 | 9,925,900,591.52 |
Total | 11,884,911,556.89 | 100.00 | 1,940,027,130.09 | 16.32 | 9,944,884,426.80 |
(continued)
Category | Beginningbalance | ||
Carryingbalance | Baddebtprovision | Carryingvalue |
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Otherreceivablesofexpectedcreditlosseswithdrawnindividually | 1,917,144,244.04 | 16.08 | 1,324,681,887.06 | 69.10 | 592,462,356.98 |
Otherreceivablesofbaddebtprovisionwithdrawnbycreditriskcharacteristicportfolio: | |||||
Agingportfolio | 188,615,848.46 | 1.58 | 52,782,559.62 | 27.98 | 135,833,288.84 |
Low-riskportfolio | 17,318,036.76 | 0.15 | 3,838,257.61 | 22.16 | 13,479,779.15 |
Relatedpartygroup | 9,797,345,022.85 | 82.19 | 9,797,345,022.85 | ||
Subtotalofportfolios | 10,003,278,908.07 | 83.92 | 56,620,817.23 | 0.57 | 9,946,658,090.84 |
Total | 11,920,423,152.11 | 100.00 | 1,381,302,704.29 | 11.59 | 10,539,120,447.82 |
(4)OtherReceivablesListedbyAging
Aging | Endingbalance |
Within1year | 8,060,254,524.30 |
1to2years | 1,782,503,511.04 |
2to3years | 470,794,157.38 |
3to4years | 1,006,460,259.82 |
4to5years | 389,224,526.20 |
Over5years | 175,674,578.15 |
Subtotal | 11,884,911,556.89 |
Less:baddebtprovision | 1,940,027,130.09 |
Total | 9,944,884,426.80 |
(5)BadDebtProvisionforOtherReceivablesTheamountofbaddebtprovisionwithdrawnthisyearwasRMB588,820,321.78withRMB30,095,895.98actuallyverified.
(6)OtherReceivablesActuallyWrittenoffthisYear
Item | Amountverified |
Otherreceivablesactuallyverified | 35,665,095.98 |
(
)OtherReceivableswithTop5EndingBalancesCollectedbyArrearsPartyThetotalamountofotherreceivableswithtop5endingbalancecollectedbyarrearspartythisyearwasRMB7,381,309,268.38,accountingfor62.11%ofthetotalendingbalanceofotherreceivables.ThetotalendingbalanceofbaddebtprovisioncorrespondinglywithdrawnwasRMB1,722,714,083.28.
(8)Therewerenootherreceivablesderecognizedduetothetransferoffinancialassets
thisyear.
(9)Therewerenoassetsorliabilitiesformedduetothetransferandthecontinued
involvementofotherreceivablesthisyear.
3.Long-termEquityInvestments(
)CategoryofLong-termEquityInvestment
Item | Endingbalance | Openingbalance | ||||
Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
Investmenttosubsidiaries | 7,277,554,047.75 | 781,480,000.00 | 6,496,074,047.75 | 6,697,991,519.67 | 442,644,418.70 | 6,255,347,100.97 |
Investmenttojointventuresandassociatedenterprises | 2,824,333,468.08 | 219,718,378.41 | 2,604,615,089.67 | 2,618,520,670.18 | 240,725,547.51 | 2,377,795,122.67 |
Total | 10,101,887,515.83 | 1,001,198,378.41 | 9,100,689,137.42 | 9,316,512,189.85 | 683,369,966.21 | 8,633,142,223.64 |
(
)Investmenttosubsidiaries
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
KonkaVentures | 2,550,000.00 | 2,550,000.00 | ||||
AnhuiKonka | 122,780,937.98 | 122,780,937.98 | ||||
KonkaFactoring | 300,000,000.00 | 300,000,000.00 | ||||
KonkaUnifortune | 15,300,000.00 | 15,300,000.00 | ||||
Wankaida | 10,000,000.00 | 10,000,000.00 | ||||
DongguanKonka | 274,783,988.91 | 274,783,988.91 | ||||
KonkaEurope | 3,637,470.00 | 3,637,470.00 | ||||
Telecommunication | 360,000,000.00 | 360,000,000.00 |
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
Technology | ||||||
MobileInterconnection | 100,000,000.00 | 100,000,000.00 | ||||
AnhuiTongchuang | 779,702,612.22 | 779,702,612.22 | ||||
Kangjiatong | 29,349,800.00 | 1,400,000.00 | 30,749,800.00 | |||
PengrunTechnology | 25,500,000.00 | 25,500,000.00 | ||||
BeijingKonkaElectronic | 200,000,000.00 | 200,000,000.00 | ||||
KonkaCircuit | 287,650,000.00 | 10,000,000.00 | 297,650,000.00 | |||
HongKongKonka | 781,828.61 | 781,828.61 | ||||
KonkaInvestment | 500,000,000.00 | 500,000,000.00 | ||||
ElectronicsTechnology | 1,000,000,000.00 | 1,000,000,000.00 | ||||
KonkaHuanjia | 91,800,000.00 | |||||
ShanghaiKonka | 40,000,000.00 | 40,000,000.00 | ||||
JiangxiKonka | 349,568,066.99 | 349,568,066.99 | 349,568,066.99 | 689,680,000.00 | ||
ShenzhenNianhua | 30,000,000.00 | 30,000,000.00 | ||||
ShenzhenKONSEMI | 100,000,000.00 | 100,000,000.00 | ||||
KonkaEco-Development | 50,000.00 | 50,000.00 | ||||
SuiningKonkaIndustrialPark | 200,000,000.00 | 200,000,000.00 |
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
KonkaRonghe | 5,100,000.00 | 5,100,000.00 | ||||
SuiningElectronicTechnologicalInnovation | 200,000,000.00 | 200,000,000.00 | ||||
ShenzhenChuangzhiElectricalAppliances | 10,000,000.00 | 10,000,000.00 | ||||
Kanghong(Yantai)EnvironmentalProtection | 1,025,100.00 | 1,025,100.00 | ||||
ChongqingKangxingrui | 25,500,000.00 | 25,500,000.00 | ||||
ChongqingOptoelectronicTechnologyResearchInstitute | 933,333,333.33 | 933,333,333.33 | ||||
KowinMemory(Shenzhen) | 92,520,000.00 | 100,000,000.00 | 192,520,000.00 | |||
Jiangkang(Shanghai)Technology | 90,000,000.00 | 90,000,000.00 | ||||
NingboKanghrElectricalAppliance | 510.00 | 510.00 | ||||
KonkaIntelligentManufacturing | 10,000,000.00 | 10,000,000.00 | ||||
YibinKangrun | 67,000,000.00 | 67,000,000.00 | ||||
KonkaMaterial | 9,205,452.93 | 9,205,452.93 |
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
IndustrialandTradeTechnology | 50,000,000.00 | 50,000,000.00 | ||||
KonkaHuazhong | 30,000,000.00 | 30,000,000.00 | ||||
SichuanChengrui | 8,000.00 | 19,992,000.00 | 20,000,000.00 | |||
GuizhouKangguiMaterial | 70,000,000.00 | 70,000,000.00 | ||||
NantongKanghai | 15,300,000.00 | 15,300,000.00 | ||||
JiangxiKonkaHigh-techPark | 50,000,000.00 | 50,000,000.00 | ||||
ShangraoKonkaElectronicTechnologyInnovation | 30,000,000.00 | 30,000,000.00 | ||||
SichuanHongxinchen | 20,000,000.00 | 20,000,000.00 | ||||
Xi'anKanghongTechnologyIndustryDevelopmentCo.,Ltd. | 12,000,000.00 | 12,000,000.00 | ||||
Xi'anKonkaIntelligentTechnologyDevelopmentCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | ||||
Financelease | 171,603,013.77 | 171,603,013.77 | ||||
SongyangKonkaIntelligent | 30,000,000.00 | 30,000,000.00 |
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
TechnologyDevelopmentCo.,Ltd. | ||||||
KonkaNorthChina(Tianjin)TechnologyCo.,Ltd. | 30,000,000.00 | 30,000,000.00 | ||||
Total | 6,255,347,100.97 | 610,295,013.77 | 369,568,066.99 | 6,496,074,047.75 | 349,568,066.99 | 781,480,000.00 |
(
)Investmenttojointventuresandassociatedenterprises
Investee | ClosingBalanceofLastYear | Increase/decreasethisyear | |||
Additionalinvestment | Investmentreduced | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
AnhuiKaikaiShijieE-commerceCo.,Ltd. | 17,400,738.44 | ||||
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 222,683,160.16 | -3,617,175.94 | |||
ChutianDragonCo.,Ltd. | 647,490,626.93 | 141,928,645.31 | 22,575,475.16 | ||
HelongjiangLongkangZhijiaTechnologyCo.,Ltd. | 1,157,647.82 | 1,157,647.82 | |||
ShaanxiSilkRoadCloudIntelligentTechCo.,Ltd. | 14,113,227.58 | -779,528.80 | |||
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | |||||
ShenzhenZhongbinKonkaTechnologyCo.,Ltd. |
Investee | ClosingBalanceofLastYear | Increase/decreasethisyear | |||
Additionalinvestment | Investmentreduced | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
ShenzhenKangjiaJiapinIntelligentElectricalApparatusTechnologyCo.,Ltd. | 3,921,788.17 | 1,449,576.70 | |||
ShenzhenBosserNewMaterialsCo.,Ltd. | 60,453,041.59 | 61,777,797.03 | 1,324,755.44 | ||
ShenzhenYaodeTechnologyCo.,Ltd. | |||||
WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 325,645,840.91 | 29,420,000.00 | |||
ShenzhenKONKAE-displayCo.,Ltd. | 13,097,210.11 | 354,361.82 | |||
ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 5,899,324.39 | ||||
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 15,251,484.01 | 157,735,900.00 | |||
NantongKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd.(formerlyknownasHaimenKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd.) | 14,610,460.04 | -8,984,779.08 | |||
ShenzhenKangyueEnterpriseCo.,Ltd. | 3,102,893.60 | -103,801.99 | |||
DongguanGuankangYuhongInvestmentCo.,Ltd.(formerlyknownasDongguanKonkaInvestmentCo.,Ltd.) | 17,762,197.93 | -17,762,197.93 | |||
ChongqingYuanlvBenpaoRealEstateCo.,Ltd. | -261,753.11 | 261,753.11 | |||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 12,801,830.75 | -1,966,765.00 | |||
E3info(Hainan)TechnologyCo.,Ltd. | 36,574,609.73 |
Investee | ClosingBalanceofLastYear | Increase/decreasethisyear | |||
Additionalinvestment | Investmentreduced | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 5,702,518.20 | -2,291,365.10 | |||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 8,536,245.03 | -4,400,788.07 | |||
ShandongEconTechnologyCo.,Ltd. | 823,028,634.77 | 85,859,095.13 | |||
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | 3,919,896.55 | 31,031.72 | |||
ChongqingYPFunTechnologyCo.,Ltd.(formerlyknownasShenzhenE2infoNetworkTechnologyCo.,Ltd.) | 124,903,499.07 | 3,392,368.43 | 42,233,038.78 | ||
SichuanChengruiRealEstateCo.,Ltd. | 12,250,023.10 | -4,398,830.84 | |||
WuhanKangtangInformationTechnologyCo.,Ltd. | 26,950,000.00 | -295,049.70 | |||
Total | 2,377,795,122.67 | 196,935,923.10 | 208,256,458.59 | 138,908,805.41 |
(continued)
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofdepreciationreserve | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | (Carryingvalue) | ||
AnhuiKaikaiShijieE-commerceCo.,Ltd. | 17,400,738.44 | |||||
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 219,065,984.22 |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2022to31December2022(allamountsinRMByuanunlessotherwisestated)
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofdepreciationreserve | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | (Carryingvalue) | ||
ChutianDragonCo.,Ltd. | 4,410,993.60 | 523,726,463.18 | ||||
HelongjiangLongkangZhijiaTechnologyCo.,Ltd. | ||||||
ShaanxiSilkRoadCloudIntelligentTechCo.,Ltd. | 13,333,698.78 | |||||
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | 5,158,909.06 | |||||
ShenzhenZhongbinKonkaTechnologyCo.,Ltd. | ||||||
ShenzhenKangjiaJiapinIntelligentElectricalApparatusTechnologyCo.,Ltd. | 5,371,364.87 | |||||
ShenzhenBosserNewMaterialsCo.,Ltd. | ||||||
ShenzhenYaodeTechnologyCo.,Ltd. | 214,559,469.35 | |||||
WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 2,770,200.00 | 352,295,640.91 | ||||
ShenzhenKONKAE-displayCo.,Ltd. | 883,869.41 | 12,567,702.52 | ||||
ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 5,899,324.39 | |||||
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 172,987,384.01 | |||||
NantongKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd.(formerlyknownasHaimenKangjianTechnologyIndustrialParkOperationsand | 5,625,680.96 |
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofdepreciationreserve | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | (Carryingvalue) | ||
ManagementCo.,Ltd.) | ||||||
ShenzhenKangyueEnterpriseCo.,Ltd. | 2,999,091.61 | |||||
DongguanGuankangYuhongInvestmentCo.,Ltd.(formerlyknownasDongguanKonkaInvestmentCo.,Ltd.) | ||||||
ChongqingYuanlvBenpaoRealEstateCo.,Ltd. | ||||||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 10,835,065.75 | |||||
E3info(Hainan)TechnologyCo.,Ltd. | 28,000,000.00 | 8,574,609.73 | ||||
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 3,411,153.10 | |||||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 4,135,456.96 | |||||
ShandongEconTechnologyCo.,Ltd. | 135,296,760.09 | 1,044,184,489.99 | ||||
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | 3,950,928.27 | |||||
ChongqingYPFunTechnologyCo.,Ltd.(formerlyknownasShenzhenE2infoNetworkTechnologyCo.,Ltd.) | 163,744,169.42 | |||||
SichuanChengruiRealEstateCo.,Ltd. | 7,851,192.26 | |||||
WuhanKangtangInformationTechnologyCo.,Ltd. | 26,654,950.30 |
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofdepreciationreserve | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | (Carryingvalue) | ||
Total | 135,296,760.09 | 36,065,063.01 | 2,604,615,089.67 | 219,718,378.41 |
4.OperatingRevenueandCostofSales
(1)OperatingRevenueandCostofSales
Item | Amountincurredinthisyear | Amountincurredlastyear | ||
Revenue | Cost | Revenue | Cost | |
Primarybusiness | 1,624,421,165.68 | 1,872,104,013.01 | 2,751,336,207.49 | 2,722,434,244.20 |
Others | 187,362,353.34 | 90,386,351.96 | 115,465,441.34 | 79,070,595.04 |
Total | 1,811,783,519.02 | 1,962,490,364.97 | 2,866,801,648.83 | 2,801,504,839.24 |
(2)Informationinrelationtothetradepriceapportionedtotheresidualcontractperformanceobligation:
TheamountofincomecorrespondingtotheperformanceobligationsofcontractssignedbutnotyetperformedorfullyperformedwasRMB2,393,728.63attheyear-end,amongwhichRMB2,393,728.63isexpectedtoberecognizedin2023.
5.Investmentreturns
Item | Amountincurredinthisyear | Amountincurredlastyear |
Long-termequityinvestmentincomeaccountedbycostmethod | 125,381,404.76 | 43,610,748.17 |
Long-termequityinvestmentincomeaccountedbyequitymethod | 138,908,805.41 | 94,791,865.50 |
Investmentincomefromdisposaloflong-termequityinvestment | 275,394,866.81 | 3,286,362,797.82 |
Investmentincomefromdisposaloffinancialassetsatfairvaluethroughprofitorloss | 32,839,604.17 | |
Interestincomeearnedoninvestmentindebtobligationsduringtheholdingperiod | 4,640,244.26 | 7,060,000.00 |
Others | -5,378,929.04 | |
Total | 538,946,392.20 | 3,464,665,015.66 |
XVII.ApprovalofFinancialStatementsTheFinancialStatementwasreleasedwiththeapprovaloftheCompany'sBoardofDirectorson24March2023.
XVIII.SupplementaryMaterials
1.ItemsandAmountsofNon-recurringProfitorLossthisYear
Item | Amountofcurrentyear | Note |
Gains/lossesfromthedisposalofnon-currentassets | 755,498,679.55 | |
Taxrebates,reductionsorexemptionsduetoapprovalbeyondauthorityorthelackofofficialapprovaldocuments | ||
Governmentgrantsrecognizedinthecurrentperiod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 916,334,616.72 | |
Dispossessionsurchargetonon-financialinstitutionsincludedinthecurrentprofitandloss | ||
Profitsarisingfrombusinesscombinationwhenthecombinedcostislessthantherecognizedfairvalueofnetassetsofthemergeredcompany | ||
Gain/Lossonnon-monetaryassetswap | ||
Gain/Lossonentrustingotherswithinvestmentsorassetmanagement | ||
AssetimpairmentprovisionsduetoactsofGodsuchasnaturaldisasters | ||
Gain/Lossfromdebtrestructuring | -5,378,929.04 | |
Expensesonbusinessreorganization,suchasexpensesonstaffarrangements,integration,etc. | ||
Gain/Lossonthepartoverthefairvalueduetotransactionswithdistinctlyunfairprices | ||
Currentnetprofitorlossofsubsidiariesacquiredinbusinesscombinationunderthesamecontrolfromperiod-beginningtocombinationdate | ||
Gainsandlossesarisingfromcontingenciesunrelatedtothenormaloperationofthecompany'sbusiness | ||
Gain/lossfromchangeoffairvalueoftradingfinancialassetsandliabilities,andderivativefinancialassetsandliabilities,andinvestmentgainsfromdisposaloftradingfinancialassetsandliabilities,andderivativefinancialassetsandliabilities,andinvestmentinotherobligatoryrights,otherthanvalidhedgingrelatedtothe | -17,595,638.89 |
Item | Amountofcurrentyear | Note |
Company’scommonbusinesses | ||
Reversalofprovisionforimpairmenttestofreceivablesandcontractassetsimpairment | 32,624,581.58 | |
Gain/lossonentrustmentloans | 119,233,091.33 | |
Gain/lossonchangeinfairvalueofinvestmentpropertyofwhichthefollow-upmeasurementiscarriedoutadoptingfairvaluemethod | ||
Effectoncurrentprofitorlosswhenaone-offadjustmentismadetocurrentprofitorlossaccordingtorequirementsoftaxation,accountingandotherrelevantlawsandregulations | ||
Custodianfeesearnedfromentrustedoperation | ||
Othernon-operatingincomeandexpenseotherthantheabove | -97,161,898.46 | |
Otherprofitandlossitemsinlinewiththedefinitionofnon-recurringgainsandlosses | ||
Subtotal | 1,703,554,502.79 | |
Less:Incometaxeffects | 299,999,504.47 | |
Minorityshareholders'equityimpact(aftertax) | 209,414,363.46 | |
Total | 1,194,140,634.86 |
(
)TheexplanationoftheCompanyto“Projectconfirmedwiththedefinitionofnon-recurringgainsandlosses”anddefinenon-recurringgainsandlossesasrecurringgainsandlossesaccordingtothenatureandfeaturesofnormalbusinessoperationsofcompany.
Item | Amount | Reason |
Softwaretaxrefund | 12,377,884.09 | Governmentsubsidieswhicharecloselyrelatedtothenormalbusinessofthecompanyandwhichareinaccordancewithnationalpoliciesandcertainstandardquotaorquantitativeamount |
2.ReturnonEquityandEarningsPerShare
ProfitasofReportingPeriod | WeightedaverageROE(%)Returnonnetassets(%) | EPS(RMB/share) | |
Basicearningspershare | Dilutedearningspershare | ||
NetprofitattributabletoordinaryshareholdersoftheCompany | -17.58 | -0.6111 | -0.6111 |
NetprofitattributabletoordinaryshareholdersoftheCompanyafterdeductionofnon-recurringprofitorloss | -31.85 | -1.1070 | -1.1070 |
TheBoardofDirectorsKonkaGroupCo.,Ltd.27March2023