广东东方精工科技股份有限公司
英文季度报披露说明近年来中国资本市场持续加大对外开放力度，鼓励境外投资者更多参与，东方精工科技股份有限公司（以下简称“公司”）为更好地服务越来越多的境外投资者，让境外投资者更便捷地获取公司经营与财务等方面信息，同时也更充分地向境外投资者传递公司的投资价值，提升公司国际化水平，公司披露《2020年第三季度报告》的英文版本。
本次报告翻译中，涉及众多瓦楞包装机械行业和财务会计方面的专业术语。虽然公司已尽力确保原文内容得到准确的转译，但仍可能会存在不恰当之处。公司在此声明：如果您在阅读《2020年第三季度报告》的中文、英文文本的过程中，在对文本的理解上发生歧义时，以中文文本为准。
In recent years, China's capital market continues to open to the outside world and encouragedforeign investors to participate in the financial market of China. Guangdong Dongfang PrecisionScience & Technology Co., Ltd. (hereinafter referred to as “the company”) discloses its Q3 2020Report in English, that we believe can enables for foreign investors to obtain information about thecompany's operation and finance more conveniently, and fully convey the investment value of thecompany to them, and at the same time help continuously improving the company's internationallevel.As the report involves many professional terms translation of Corrugated packaging machineryindustry and financial accounting, the company has made great efforts to ensure the accuratetranslation of the original content, but there may still be some inadequacies.The company hereby declares that in case of any ambiguity in your understanding of the Chineseversion and English version of the Q3 2020 Report, the Chinese version shall prevail.
Guangdong Dongfang Precision Science&Technology Co., Ltd.
Q3 2020 Report
October 2020
Section 1 Important Notice
The company's board of directors, board of supervisors, directors, supervisors,and senior management ensure that the contents of the quarterly report are true,accurate, and complete, that there are no false records, misleading statements,or major omissions, and if there are any, we shall bear individual and joint legalresponsibilities.All the directors attended the board meeting to review this quarterly report.Tang Zhuolin, person in charge of the company, Qiu Yezhi, person in charge ofaccounting work, and Qiu Yezhi, person in charge of accounting institutions(accounting officer) hereby confirm that the financial report in the quarterlyreport is true, accurate and complete.
Section 2 Basic information of the company
I. Main Accounting Data and Financial Indicators
Does the company need to retroactively adjust or restate previous year's accounting data
□ YES √ NO
| At the end of the reporting period | At the end of last year | Increase/decrease | ||||
| Total assets (yuan) | 6,310,617,968.46 | 6,273,516,157.31 | 0.59% | |||
| Net assets attributable to shareholders of the listed company (yuan) | 4,282,835,760.02 | 4,337,064,607.87 | -1.25% | |||
| the reporting period | Increase/decrease in comparison with same period of last year | Year-begin to end of the reporting period | Increase/decrease in comparison with year-begin to Period-end of last year | |||
| Operating income (yuan) | 774,467,679.35 | -76.96% | 1,951,958,904.48 | -74.82% | ||
| Net profit attributable to shareholders of the listed company (yuan) | 98,519,590.30 | -53.70% | 225,718,052.39 | -42.88% | ||
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (yuan) | 80,885,127.45 | -59.28% | 161,903,803.31 | -55.62% | ||
| Net cash flow from operating activities (yuan) | 219,576,247.92 | 117.38% | 248,985,657.24 | -83.62% | ||
| Basic earnings per share (yuan / share) | 0.07 | -41.67% | 0.15 | -31.82% | ||
| Diluted earnings per share (yuan / share) | 0.07 | -41.67% | 0.15 | -31.82% | ||
| Weighted average return on net assets | 2.22% | -2.76% | 5.23% | -4.17% | ||
Non-recurring items and amounts
√ Applicable □ Not applicable
Unit: RMB yuan
| Item | Amount from year-begin to end of the reporting period | Explanation |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | -2,291.96 | |
| Government subsidies included in the current profit and loss (closely related to the business of the enterprise, except for government subsidies that are fixed or quantified according to the national unified standard) | 8,423,825.78 | |
| Gains or losses from changes in fair value arising from the holding of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities, and investment income from the disposal of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities, and other debt investments, except for effective hedging activities related to the Company's normal operations | 63,750,591.09 | During the reporting period, the company carried out financial investment activities such as securities investment and entrusted wealth management as authorized by the General Meeting of Shareholders and the Board of Directors, which resulted in an increase in investment income as compared with the same period last year. |
| Other non-operating income and expenses other than the above | 588,949.31 | |
| Deduct: the amount of income tax impact | 8,813,666.38 | |
| Minority shareholders' equity impact (after tax) | 133,158.76 | |
| In total | 63,814,249.08 | -- |
For the company's non-recurring gains and losses items defined by the "Announcement No. 1 of Information Disclosure byCompanies Offering Securities to the Public — Non-recurring Gains and Losses" and the non-recurring gains and losses itemsdefined by "Announcement No. 1 of Information Disclosure by Companies Offering Securities to the Public —Non-recurring Gainsand Losses" as recurring gains and losses, the reasons should be explained
□ Applicable √ Not applicable
During the reporting period of the company, there were no situations in which the non-recurring gains and losses items listed inaccordance with the definition of "Announcement No. 1 of Information Disclosure by Companies Offering Securities to the Public —Non-recurring Gains and Losses" were defined and listed as recurring gains and losses
II. The changes of the main financial indicators in the reporting period compared with thedata in the same period last year after being adjusted according to comparable standards.In view of the change in the scope of the company's consolidated financial statements during the reporting period comparedwith the same period last year: Beijing Pride New Energy Battery Technology Co., Ltd.( hereinafter referred to as "Pride”) wasincluded in the company's consolidated financial statements in the first three quarters of 2019, while no longer included in thecompany's consolidated financial statements during the reporting period, and the main business of Dongfang Precision focuseson high-end smart equipment. In order to more accurately reflect the changes in the operating performance of the company'smain business in the first three quarters of 2020 compared with the same period last year, and to ensure that the revenue andprofit data are comparable, we compare the revenue and profit data for the reporting period with the data adjusted according tothe comparable caliber excluding Pride in the same period of last year, as shown in the following table:
| the reporting period | Increase/decrease in comparison with same period of last year | Year-begin to end of the reporting period | Increase/decrease in comparison with year-begin to Period-end of last year | |
| Operating income (yuan) | 774,467,679.35 | 6.04% | 1,951,958,904.48 | 1.42% |
| Net profit belonging to shareholders of the listed company (yuan) | 98,519,590.30 | 15.70% | 225,718,052.39 | 11.24% |
| Net profit after deducting non-recurring gains and losses belonging to shareholders of the listed company (yuan) | 80,885,127.45 | 10.54% | 161,903,803.31 | -7.22% |
| Net cash flow from operating activities (yuan) | 219,576,247.92 | 2869.13% | 248,985,657.24 | 271.32% |
III. Total shareholders at the end of the reporting period and the top ten shareholders'shareholding table
1. The total number of ordinary shareholders and the number of preferred shareholders with voting rightsrestored and the top 10 shareholders' shareholding table
Unit: shares
| Total number of ordinary shareholders at the end of the reporting period | 41,125 | Total number of preferred shareholders with voting rights restored at the end of the reporting period (if any) | 0 | ||||
| The top 10 shareholders | |||||||
| Name of shareholder | Nature of shareholders | Shareholding ratio | Number of shares | Number of shares with limited sales conditions | Pledge or freeze situation | ||
| Share status | Quantity | ||||||
| Tang Zhuolin | Domestic natural person | 17.52% | 270,737,568 | 203,053,176 | Pledge | 187,000,000 | |
| Tang Zhuomian | Domestic natural person | 8.79% | 135,885,134 | ||||
| Pulead Technology Industry Co.,Ltd. | State-owned legal person | 4.97% | 76,810,172 | ||||
| Beijing Automotive Group Industry Investment Co.,Ltd. | State-owned legal person | 3.14% | 48,511,689 | ||||
| Contemporary Amperex Technology Co. Limited | Domestic non-state-owned legal person | 3.01% | 46,490,368 | ||||
| Ruan Huili | Domestic natural person | 2.92% | 45,087,232 | ||||
| Construction Investment Investment Co., Ltd. | State-owned legal person | 2.54% | 39,215,685 | ||||
| Luzhou Industrial Investment Group Co., Ltd. | State-owned legal person | 2.06% | 31,770,010 | ||||
| Huarong Securities-China Merchants Securities-Huarong Youzhi No. 1 Collective Asset Management Plan | Other | 2.03% | 31,372,549 | ||||
| Qiu Yezhi | Domestic natural person | 2.02% | 31,176,518 | 25,632,388 | |||
| Shareholdings of the top 10 shareholders with unlimited sales | |||||||
| Name of shareholder | Number of shares with unlimited sales held | Types of shares | |||||
| Types of shares | Quantity | ||||||
| Tang Zhuomian | 135,885,134 | RMB common stock | 135,885,134 | ||||
| Pulead Technology Industry Co.,Ltd. | 76,810,172 | RMB common stock | 76,810,172 | ||||
| Tang Zhuolin | 67,684,392 | RMB common stock | 67,684,392 | ||||
| Beijing Automotive Group Industry Investment Co.,Ltd. | 48,511,689 | RMB common stock | 48,511,689 | ||||
| Contemporary Amperex Technology Co. Limited | 46,490,368 | RMB common stock | 46,490,368 | ||||
| Ruan Huili | 45,087,232 | RMB common stock | 45,087,232 | ||||
| Construction Investment Investment Co., Ltd. | 39,215,685 | RMB common stock | 39,215,685 | ||||
| Luzhou Industrial Investment Group Co., Ltd. | 31,770,010 | RMB common stock | 31,770,010 | ||||
| Huarong Securities-China Merchants Securities-Huarong Youzhi No. 1 Collective Asset Management Plan | 31,372,549 | RMB common stock | 31,372,549 | ||||
| Qinghai Puren Intelligent Technology R & D Center (Limited | 26,628,340 | RMB common stock | 26,628,340 | ||||
| Partnership) | |
| Explanation of the relationship or concerted action of the aforesaid shareholders | Mr. Tang Zhuolin and Mr. Tang Zhuomian are brothers. On August 18, 2010, the two signed a "Consistent Action Agreement."Pulead Technology Industry Co.,Ltd. and Qinghai Puren Intelligent Technology R & D Center (Limited Partnership) belongs to the consistent actionist relationship. The company is not aware of whether there is an associated relationship or a concerted action other aforesaid shareholders. |
| Explanation of the top 10 common stock shareholders' participation in financing and securities lending business (if any) | As of September 30, 2020, among the top 10 shareholders of the company, Pulead Technology Industry Co., Ltd. held 73,755,050 shares of the company through the customer credit transaction guarantee securities account opened in China Securities Co., Ltd.; Luzhou Industrial Investment Group Co., Ltd. held 31,770,010 shares of the company through the customer credit transaction guarantee securities account opened in Guotai Junan Securities Co., Ltd.. |
Whether the top 10 ordinary shareholders of the company and the top 10 ordinary shareholders of unrestricted shares in the reportperiod conducted agreed repurchase transactions
□ Yes √ No
The top 10 common stock shareholders of the company and the top 10 common stock shareholders with unrestricted sales conditionsdid not engage in agreed buyback transactions during the reporting period.
2. The total number of preferred shareholders of the company and the top 10 preferred shareholders
□ Applicable √ Not applicable
Section 3 Important matters
I. The main financial data and financial indicators during the reporting period have changed and the reasons
√ Applicable □ Not applicable
Unit: RMB yuan
| 1.Balance sheet items | |||||
| Sheet items | Ending balance | Opening Balance | Change amount | Change rate | Explanation of the reason for the change |
| Advance payment | 54,480,316.09 | 25,901,123.85 | 28,579,192.24 | 110.34% | Mainly due to the increase in orders and the corresponding increase in material purchases. |
| Interest receivable | 3,608,568.80 | 721,935.36 | 2,886,633.44 | 399.85% | Mainly due to the increase in the purchase of deposit-type bank wealth management products and the corresponding increase in interest income during the reporting period. |
| Project under construction | 18,190,497.18 | 4,839,241.48 | 13,351,255.70 | 275.90% | Mainly due to the expansion of the building during the reporting period. |
| Intangible assets | 333,352,606.60 | 249,882,429.53 | 83,470,177.07 | 33.40% | Mainly due to the acquisition of business& assets of Agnati during the reporting period. |
| Long-term prepaid expenses | 12,476,141.90 | 8,699,236.33 | 3,776,905.57 | 43.42% | Mainly due to the maintenance of machinery during the reporting period and the corresponding increase in prepaid expenses. |
| Other non-current assets | 905,997.92 | 2,518,818.56 | -1,612,820.64 | -64.03% | Mainly due to completion of the amortization of borrowing costs corresponding to the long-term loan that had been repaid. |
| Short-term loan | 77,972,644.89 | 117,888,353.14 | -39,915,708.25 | -33.86% | Mainly due to the repayment of short-term loan. |
| Notes payable | 81,407,456.50 | 43,973,859.51 | 37,433,596.99 | 85.13% | Mainly due to the significant increase in the proportion of the notes settlement of the suppliers in this year. |
| Contract liabilities | 421,740,625.75 | -- | 421,740,625.75 | 100.00% | Mainly due to the reclassification of accounts in the statements corresponding to the implementation of the new income standard in the reporting period and the delay in the delivery due to Covid-19. |
| Advance receipts | -- | 286,511,724.62 | -286,511,724.62 | -100.00% | Mainly due to the reclassification of accounts in the statements corresponding to the implementation of the new income standard in the reporting period. |
| Taxes payable | 28,899,739.71 | 48,928,229.51 | -20,028,489.80 | -40.93% | Mainly due to the payment of prior year taxes in the reporting period. |
| Interest payable | 2,242,263.57 | 1,410,745.58 | 831,517.99 | 58.94% | Mainly due to the increase in the long-term loan. |
| Non-current liabilities due within one year | 221,850,934.90 | 353,399,238.29 | -131,548,303.39 | -37.22% | Mainly due to the repayment of part of the long-term loan due within one year. |
| Long-term loan | 323,114,266.24 | 224,146,667.48 | 98,967,598.76 | 44.15% | Mainly due to the increase in the long-term |
| loan in the reporting period. | |||||
| Long-term salary payable to staff and workers | 18,331,957.88 | 12,252,657.36 | 6,079,300.52 | 49.62% | Mainly due to the acquisition of business& assets of Agnati during the reporting period. |
| Treasury shares | 377,847,295.63 | 160,088,925.60 | 217,758,370.03 | 136.02% | Mainly due to the repurchase of shares in the reporting period. |
| 2.Income statement items | |||||
| Sheet items | January to September 2020 | January to September 2019 | Change amount | Change ratio | Explanation of the reason for the change |
| Operating income | 1,951,958,904.48 | 7,752,165,890.42 | -5,800,206,985.94 | -74.82% | Mainly due to the inclusion of Pride's data in the company's consolidated financial statements in the first three quarters of 2019. Excluding the impact of Pride's data, the year-over-year increase was 1.42%. |
| Operating cost | 1,399,258,221.80 | 6,570,841,608.43 | -5,171,583,386.63 | -78.71% | Mainly due to the inclusion of Pride's data in the company's consolidated financial statements in the first three quarters of 2019. Excluding the impact of Pride's data, the year-over-year increase was 1.29%. |
| Taxes and surcharges | 7,793,560.64 | 17,154,493.47 | -9,360,932.83 | -54.57% | Mainly due to the inclusion of Pride's data in the company's consolidated financial statements in the first three quarters of 2019. Excluding the impact of Pride's data, the year-over-year increase was 18.18%. |
| Selling expenses | 120,806,685.92 | 315,749,074.61 | -194,942,388.69 | -61.74% | Mainly due to the inclusion of Pride's data in the company's consolidated financial |
| statements in the first three quarters of 2019. Excluding the impact of Pride's data, the year-over-year increase was 10.81%, mainly due to the inclusion of Agnati's data that had been acquired in the beginning of 2020. | |||||
| Research and development expenses | 53,663,442.74 | 109,424,959.04 | -55,761,516.30 | -50.96% | Mainly due to the inclusion of Pride's data in the company's consolidated financial statements in the first three quarters of 2019. Excluding the impact of Pride's data, the year-over-year increase was 19.91%, mainly due to the increasing input of R&D in the reporting period. |
| Financial expenses | -278,745.49 | -13,689,867.42 | 13,411,121.93 | -97.96% | Mainly due to the inclusion of Pride's data in the company's consolidated financial statements in the first three quarters of 2019. Excluding the impact of Pride's data, there was 3 million less than the same period last year, mainly due to the impact of the exchange gains and losses in the reporting period. |
| Fair value change income | 10,224,490.31 | 5,457,534.25 | 4,766,956.06 | 87.35% | Mainly due to implementation of financial investment activities such as securities investment and entrusted wealth management as authorized by the General Meeting of Shareholders and the Board of Directors, and the corresponding change of the products’ fair value. |
| Loss on impairment of assets | -2,073,080.91 | -37,337,494.63 | 35,264,413.72 | -94.45% | Mainly due to the inclusion of Pride's data in the company's consolidated financial |
| statements in the first three quarters of 2019. Excluding the impact of Pride's data, the year-over-year decrease was 17.75%. | |||||
| Loss of credit impairment | -1,384,648.98 | - | -1,384,648.98 | -100.00% | Mainly due to the implementation of the new financial instruments accounting standard in the reporting period. |
| Other income | 8,423,825.78 | 7,912,331.83 | 511,493.95 | 6.46% | Mainly due to the increase in government subsidies related to routine operating activities during the reporting period. |
| Investment income | 53,526,100.78 | 16,871,909.05 | 36,654,191.73 | 217.25% | Mainly due to implementation of financial investment activities such as securities investment and entrusted wealth management as authorized by the General Meeting of Shareholders and the Board of Directors, and the corresponding increase in the investment income as compared with the same period last year. |
| Non-operating income | 2,106,749.39 | 13,498,463.84 | -11,391,714.45 | -84.39% | Mainly due to the acquisition of equity of Tiruna Group in the prior period, and there was no such event in the current period. |
| Non-operating expenses | 1,517,800.08 | 3,362,108.06 | -1,844,307.98 | -54.86% | Mainly due to the inclusion of Pride's data in the company's consolidated financial statements in the first three quarters of 2019. Excluding the impact of Pride's data, the year-over-year decrease was 8.17%. |
| Income tax expenses | 25,869,561.72 | 130,783,444.44 | -104,913,882.72 | -80.22% |
| Excluding the impact of Pride's data, the year-over-year decrease was 50.93%, mainly due to the decrease in the income taxes of Fosber Group as compared with the same period last year. | |||||
| 3.Cash flow statement items | |||||
| Sheet items | January to September 2020 | January to September 2019 | Change amount | Change ratio | Explanation of the reason for the change |
| Net cash flow from operating activities | 248,985,657.24 | 1,520,251,473.05 | -1,271,265,815.81 | -83.62% | Mainly due to the inclusion of Pride's data in the company's consolidated financial statements in the first three quarters of 2019. Excluding the impact of Pride's data, the year-over-year increase was 271.32%, mainly due to the acceleration of overall sales collection during the reporting period. |
| Net cash flows from investing activities | -304,321,178.06 | -1,032,329,246.59 | 728,008,068.53 | -70.52% | Mainly due to implementation of financial investment activities such as securities investment and entrusted wealth management as authorized by the General Meeting of Shareholders and the Board of Directors, and the corresponding increase in investment income as compared with the same period last year. |
| Net cash flow from financing activities | -545,229,881.16 | -1,651,923,456.49 | 1,106,693,575.33 | -66.99% | Mainly due to the inclusion of Pride's data in the company's consolidated financial statements in the first three quarters of 2019. Excluding the impact of Pride's data, the |
II. Analysis of the progress of important matters, their impact and solutions
√ Applicable □ Not applicable
1. The signing of strategic cooperation agreement with Yunyin Technology (Shenzhen) Co., Ltd.In July 2020, Dongfang Precision signed a strategic cooperation agreement with Yunyin Technology (Shenzhen) Co., Ltd (hereinafterreferred to as "Yunyin"), a holding subsidiary of Shanying International Holding Co., Ltd., to establish a strategic cooperationrelationship to jointly build an intelligent factory model and to jointly promote the Digital transformation and upgrading of theprinting and packaging industry. With the profound understanding of the industry accumulated over 20 years and the leadingtechnology of Industry 4.0 in the domestic industry, the company cooperates with Yunyin to promote the accelerated construction ofInternet ecology of the domestic intelligent packaging industry and the continuous innovation of business models, which willultimately help to enhance Dongfang Precision's comprehensive competitiveness and improve the listed company's own valuecreation ability. For details, please refer to the “Announcement on the signing of strategic cooperation agreement with YunyinTechnology (Shenzhen) Co., Ltd.” published by the Company on July 20, 2020 on Cninfo(http://www.cninfo.com.cn).
2. The Completion of the General Election of the Board of Directors and the Board of SupervisorsOn September 22, 2020, the Company held the 4th interim General Meeting of 2020, and approved the Proposal for the Election ofNon-Independent Directors of the 4th Board of Directors of the Company, the Proposal for the Election of Independent Directors ofthe 4th Board of Directors of the Company, and the Proposal for the Election of Shareholder Representative Supervisors of the 4thBoard of Supervisors of the Company. The elected shareholder representative supervisors and the employee representativesupervisors elected by the general meeting of employees on August 26, 2020 shall together constitute the 4th Board of Supervisors ofthe Company. The term of office of the above-mentioned directors and supervisors is three years from the date of the resolution of theGeneral Meeting of Shareholders. On the same day, the Company held the first (interim) meeting of the 4th Board of Directors andthe first (interim) meeting of the 4th Board of Supervisors, and considered and passed the relevant proposals on the election of theChairman of the Board of Directors, members of the special committees of the Board of Directors, the Chairman of the Board ofSupervisors and the appointment of senior management personnel. For details, please refer to the " Announcement of the Completionof the General Election of the Board of Directors and the Board of Supervisors" and the "Announcement on the Election of theChairman of the Board of Directors, Members of the Special Committees of the Board of Directors, Chairmen of the SupervisoryBoard and Appointment of Senior Management Personnel" published by the Company on September 23, 2020 on Cninfo(http://www.cninfo.com.cn).
| Overview of important matters | Disclosure date | Interim report disclosure website query index |
| “Announcement on the signing of strategic cooperation agreement with Yunyin Technology (Shenzhen) Co., Ltd.” | July 20, 2020 | Cninfo(http://www.cninfo.com.cn) |
| “Announcement on the Election of Employee Representative Supervisors to the 4th Session of the Board of Supervisors” | August 28, 2020 | Cninfo(http://www.cninfo.com.cn) |
| “Announcement of the Completion of the General Election of the Board of Directors and the Board of Supervisors” | September 23, 2020 | Cninfo(http://www.cninfo.com.cn) |
| “Announcement on the Election of the Chairman of the Board of Directors, Members of the Special Committees | September 23, 2020 | Cninfo(http://www.cninfo.com.cn) |
Implementation progress of share repurchase
√Applicable □ Not applicable
The 49th (interim) meeting of the third Board of Directors held on June 15, 2020 and the 3rd interim General Meeting of 2020 heldon June 24, 2020 examined and approved the 2020 annual share repurchase plan. The company plans to use its own funds, fundsraised that have been changed into permanent replenishment of current funds in accordance with the law, or loans from financialinstitutions, to implement a centralized bidding transaction to buy back part of the company's A-shares of RMB common shares. Thetotal amount of funds planned to be used by the company shall not be less than 500 million yuan (inclusive), not more than 1 billionyuan (inclusive), and the repurchase price shall not exceed RMB 6.42 yuan per share. All the repurchased shares will be used forwrite-off and reduce the company's registered capital. The implementation period shall be within 12 months from the date ofconsideration and adoption of this share repurchase plan by the General Meeting.By the end of the reporting period, the company had repurchased 61,518,052 shares in the plan of repurchase shares in 2020,accounting for 3.98% of the company's total share capital. As of the date of disclosure of this report, the company has carried out ashare buyback in 2020 through centralized bidding, with a total buyback of 62,519,252 shares, accounting for 4.05% of thecompany's total share capital. During the repurchase period, the highest transaction price is 5.10 yuan per share, and the lowesttransaction price is 4.57 yuan per share. The total amount paid is about 303 million yuan (excluding transaction fees).
Progress in the implementation of centralized bidding to reduce holdings of repurchased shares
□ Applicable √ Not applicable
III. The actual controllers, shareholders, related parties, purchasers and the company'scommitments related to the company's commitments that were not fulfilled during thereporting period
□ Applicable √ Not applicable
During the reporting period of the company, there were no actual commitments of the company's actual controllers, shareholders,related parties, purchasers, companies, and other related parties that failed to fulfill their commitments during the reporting period.
IV. Investment in financial assets
1.Securities investment
√ Applicable □ Not applicable
| Variety of securities | Securities code | Securities abbreviation | Initial investment cost | Accounting measurement mode | Book value at the beginning of the reporting period | Profit or loss on changes in fair value for the current period | Changes in the cumulative fair value of equity | Current purchase amount | Current sale amount | Reporting period profit and loss | Ending book value | Accounting subject | Source of funds |
| Domestic and foreign stocks | 150,001,000.00 | Fair value measurement | 0.00 | 0.00 | 212,132,277.59 | 212,132,277.59 | 7,204,713.64 | 0.00 | Transactional financial assets | Own funds | |||
| Fund | 300,000,000.00 | Fair value measurement | 4,034,275.31 | 0.00 | 300,000,000.00 | 4,034,275.31 | 304,034,275.31 | Transactional financial assets | Own funds | ||||
| Trust products | 500,000,000.00 | Fair value measurement | 3,150,684.93 | 0.00 | 500,000,000.00 | 11,438,356.16 | 503,150,684.93 | Transactional financial assets | Own funds | ||||
| Other | 5,510,627,142.11 | Fair value measurement | 1,164,039,381.59 | 3,039,530.07 | 0.00 | 5,510,627,142.11 | 6,051,848,525.15 | 40,874,696.62 | 625,857,528.62 | Transactional financial assets | Raised funds and own funds | ||
| Total | 6,460,628,142.11 | -- | 1,164,039,381.59 | 10,224,490.31 | 0.00 | 6,522,759,419.70 | 6,263,980,802.74 | 63,552,041.73 | 1,433,042,488.86 | -- | -- | ||
| Announcement and disclosure date of securities investment examination and approval board | March 28, 2020 |
| Date of announcement and disclosure of shareholders' meeting for examination and approval of securities investment (if any) | April 14, 2020 |
2. Derivatives investment
□ Applicable √ Not applicable
There was no derivative investment during the reporting period.V. Progress of Projects Financed with Raised Funds
□ Applicable √ Not applicable
VI. 2020 Annual Operating Performance ForecastWarning of a forecast loss on or a forecast significant year-on-year change in the 2020 annual net profit, as well as explanation of why:
□ Applicable √ Not applicable
VII. Significant Contracts Arising from the Company’s Ordinary Course of Business
□ Applicable √ Not applicable
VIII. Entrusted financial management
√ Applicable □ Not applicable
Unit: ten thousand yuan
| Specific type | Source of funds for entrusted financing | Entrusted financial management | Outstanding balance | Overdue amount not recovered |
| Bank wealth management products | Own funds | 65,000 | 0 | 0 |
| Bank wealth management products | Raised funds | 166,300 | 62,200 | 0 |
| In total | 231,300 | 62,200 | 0 | |
The specific situation of high-risk entrusted financial management with large single amount or low security, poor liquidity andnon-guaranteed capital
□ Applicable √ Not applicable
The entrusted financial management has expected that the principal cannot be recovered or there are other situations that may causeimpairment
□ Applicable √ Not applicable
IX. External guarantees in violation of regulations
□ Applicable √ Not applicable
During the reporting period, the company had no violations of external guarantees.
X. Non-operating capital occupation of the listed company by controlling shareholders andtheir related parties
□ Applicable √ Not applicable
During the reporting period of the company, there was no non-operating capital occupation of the listed company by the controllingshareholders and their related parties.
XI. Registration form for reception of research, communication, interviews and otheractivities during the reporting period
√ Applicable □Not applicable
| Date of communication | Place of communication | Way of communication | Type of communication party | Communication party | Main contents communicated and materials provided | Index to main information communicate |
| 7 May 2020 | The Company’s conference room | Conference call | institutional investor | Huatai Security Co., Ltd.: Huang Jinglun, Huarong Security Co., Ltd.: Bi Zinan, Xu Tianxiang, China Asset Management Co.,Ltd.: Li Pingzhu , Sunshine Insurance Group Inc., Ltd.: Elaine wong, Shenzhen Xinyuan Asset Management Co., Ltd.: Du Junsheng, Shenzhen Jianhua Xing 'an Investment Co. Ltd. : Duan Zhian, Shenzhen Huacai Investment Management Co. Ltd.: Chen Ligang, Shenzhen Qianhai Xingjian Capital Management Co. Ltd.:Zhou Shizhao, LeiLei, Honghua Capital: XiaoJian, Guangzhou Yunxi Private Equity Investment Fund Management Co. Ltd. : Long Huaming and investors, etc | Introduce the company's operation, overall business layout, core competitive advantages, business strategy, etc. and answer questions from investors | Cninfo(http://www.cninfo.com.cn), “002611 Dongfang Precision Investor relations management files 20200507” |
Section 4 Financial Statements
I. Financial Statements
1. Consolidated balance sheet
Prepared by: Guangdong Dongfang Precision Science&Technology Co., Ltd.
Unit: RMB yuan
| Item | September 30, 2020 | December 31, 2019 |
| Current assets: | ||
| Monetary funds | 1,931,953,359.25 | 2,356,703,434.60 |
| Settlement provisions | ||
| Dismantling funds | ||
| Transactional financial assets | 1,433,042,488.86 | 1,164,039,381.59 |
| Derivative financial assets | ||
| Notes receivable | ||
| Accounts receivable | 525,925,132.40 | 597,431,210.02 |
| Receivable financing | 52,691,729.09 | 55,447,099.32 |
| Advance payment | 54,480,316.09 | 25,901,123.85 |
| Premium receivable | ||
| Receivable reinsurance account | ||
| Provision for reinsurance contract receivable | ||
| Other receivables | 70,542,884.22 | 79,573,114.49 |
| Of which: interest receivable | 3,608,568.80 | 721,935.36 |
| Dividend receivable | ||
| Buy back resale financial assets | ||
| Inventory | 819,968,099.48 | 671,432,701.11 |
| Contract assets | ||
| Holding assets for sale | ||
| Non-current assets due within one year | 356,983.48 | |
| Other current assets | 20,129,395.95 | 22,346,314.29 |
| Total current assets | 4,908,733,405.34 | 4,973,231,362.75 |
| Non-current assets: | ||
| Loans and advances | ||
| Debt investment | ||
| Other debt investments | ||
| Long-term receivables | ||
| Long-term equity investment | 69,973,129.43 | 72,372,355.03 |
| Investment in other equity instruments | ||
| Other non-current financial assets | 18,128,642.88 | 20,559,159.34 |
| Investment real estate | ||
| Fixed assets | 561,871,402.02 | 585,754,900.75 |
| Project under construction | 18,190,497.18 | 4,839,241.48 |
| Productive biological assets | ||
| Oil and gas asset | ||
| Right-of-use asset | ||
| Intangible assets | 333,352,606.60 | 249,882,429.53 |
| Development expenditure | ||
| Goodwill | 333,493,169.96 | 306,633,631.93 |
| Long-term prepaid expenses | 12,476,141.90 | 8,699,236.33 |
| Deferred income tax assets | 53,492,975.23 | 49,025,021.61 |
| Other non-current assets | 905,997.92 | 2,518,818.56 |
| Total non-current assets | 1,401,884,563.12 | 1,300,284,794.56 |
| Total assets | 6,310,617,968.46 | 6,273,516,157.31 |
| Current liabilities: | ||
| Short-term loan | 77,972,644.89 | 117,888,353.14 |
| Borrowing from the Central Bank | ||
| Borrowed funds | ||
| Transactional financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 81,407,456.50 | 43,973,859.51 |
| Accounts payable | 448,444,628.31 | 472,862,744.45 |
| Advance receipts | 286,511,724.62 | |
| Contract liabilities | 421,740,625.75 | |
| Selling back financial assets | ||
| Deposits and Interbank deposit | ||
| Agent trading securities | ||
| Agent underwriting securities | ||
| Salary payable to staff and workers | 92,537,319.10 | 106,677,329.95 |
| Taxes payable | 28,899,739.71 | 48,928,229.51 |
| Other payables | 114,032,702.05 | 90,950,443.16 |
| Of which: interest payable | 2,242,263.57 | 1,410,745.58 |
| Dividend payable | ||
| Fees and commissions | ||
| Reinsurance accounts payable | ||
| Holding liabilities for sale | ||
| Non-current liabilities due within one year | 221,850,934.90 | 353,399,238.29 |
| Other current liabilities | ||
| Total current liabilities | 1,486,886,051.21 | 1,521,191,922.63 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long term loan | 323,114,266.24 | 224,146,667.48 |
| Bonds payable | ||
| Of which: preferred stock | ||
| Perpetual debt | ||
| Lease liability | ||
| Long-term payables | ||
| Long-term salary payable to staff and workers | 18,331,957.88 | 12,252,657.36 |
| Estimated liabilities | 99,912,699.92 | 78,650,466.48 |
| Deferred income | 17,215,068.43 | 18,275,808.90 |
| Deferred income tax liabilities | 13,423,908.72 | 16,915,692.91 |
| Other non-current liabilities | ||
| Total non-current liabilities | 471,997,901.19 | 350,241,293.13 |
| Total Liabilities | 1,958,883,952.40 | 1,871,433,215.76 |
| Owners' equity: | ||
| Share capital | 1,545,126,957.00 | 1,838,647,096.00 |
| Other equity instruments | ||
| Of which: preferred stock | ||
| Perpetual debt | ||
| Capital reserve | 4,095,526,421.53 | 3,862,377,838.84 |
| Minus: treasury shares | 377,847,295.63 | 160,088,925.60 |
| Other comprehensive income | 23,154,111.42 | 24,971,085.32 |
| Special reserves | ||
| Surplus reserve | 51,830,974.45 | 51,830,974.45 |
| General risk preparation | ||
| Undistributed profit | -1,054,955,408.75 | -1,280,673,461.14 |
| Total equity attributable to owners of parent company | 4,282,835,760.02 | 4,337,064,607.87 |
| Minority shareholder interest | 68,898,256.04 | 65,018,333.68 |
| Total owner's equity | 4,351,734,016.06 | 4,402,082,941.55 |
| Total Liabilities and Owner's Equity | 6,310,617,968.46 | 6,273,516,157.31 |
Legal representative: Tang Zhuolin Chief in charge of accounting work: Qiu Yezhi Head of accounting institution: Qiu Yezhi
2. Parent Company Balance Sheet
Unit: RMB yuan
| Item | September 30, 2020 | December 31, 2019 |
| Current assets: | ||
| Monetary funds | 1,425,434,035.08 | 1,899,380,375.38 |
| Transactional financial assets | 1,341,981,607.91 | 1,163,000,000.00 |
| Derivative financial assets | ||
| Notes receivable | ||
| Accounts receivable | 161,288,766.79 | 151,096,214.10 |
| Receivable financing | 49,192,665.35 | 51,139,322.12 |
| Advance payment | 3,258,632.60 | 3,233,763.27 |
| Other receivables | 73,634,330.90 | 36,670,496.12 |
| Of which: interest receivable | 3,434,196.24 | |
| Dividend receivable | 40,000,000.00 | |
| Inventory | 112,676,967.11 | 111,225,290.10 |
| Contract assets | ||
| Holding assets for sale | ||
| Non-current assets due within one year | 356,983.48 | |
| Other current assets | 638,589.97 | 4,961,417.06 |
| Total current assets | 3,168,105,595.71 | 3,421,063,861.63 |
| Non-current assets: | ||
| Debt investment | ||
| Other debt investments | ||
| Long-term receivables |
| Long-term equity investment | 462,574,189.69 | 439,638,782.00 |
| Investment in other equity instruments | ||
| Other non-current financial assets | ||
| Investment real estate | ||
| Fixed assets | 332,164,748.54 | 340,791,611.76 |
| Project under construction | 176,777.93 | 83,070.80 |
| Productive biological assets | ||
| Oil and gas asset | ||
| Right-of-use asset | ||
| Intangible assets | 58,778,201.60 | 60,733,612.10 |
| Development expenditure | ||
| Goodwill | ||
| Long-term prepaid expenses | 3,626,683.77 | 3,335,014.92 |
| Deferred income tax assets | 7,458,465.18 | 4,923,465.18 |
| Other non-current assets | 585,189.00 | 585,189.00 |
| Total non-current assets | 865,364,255.71 | 850,090,745.76 |
| Total assets | 4,033,469,851.42 | 4,271,154,607.39 |
| Current liabilities: | ||
| Short-term loan | 90,000,000.00 | |
| Transactional financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 45,402,259.42 | 43,843,859.51 |
| Accounts payable | 42,987,955.00 | 70,687,704.41 |
| Advance receipts | 17,451,789.10 | |
| Contract liabilities | 21,949,309.60 | |
| Salary payable to staff and workers | 15,116,756.94 | 26,144,254.56 |
| Taxes payable | 4,144,571.50 | 1,921,575.57 |
| Other payables | 63,686,422.73 | 50,214,415.95 |
| Of which: interest payable | ||
| Dividend payable | ||
| Holding liabilities for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | ||
| Total current liabilities | 193,287,275.19 | 300,263,599.10 |
| Non-current liabilities: | ||
| Long term loan | ||
| Bonds payable | ||
| Of which: preferred stock | ||
| Perpetual debt | ||
| Lease liability | ||
| Long-term payables | ||
| Long-term salary payable to staff and workers | ||
| Estimated liabilities | ||
| Deferred income | 13,586,136.66 | 14,423,631.66 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 13,586,136.66 | 14,423,631.66 |
| Total Liabilities | 206,873,411.85 | 314,687,230.76 |
| Owners' equity: | ||
| Share capital | 1,545,126,957.00 | 1,838,647,096.00 |
| Other equity instruments | ||
| Of which: preferred stock | ||
| Perpetual debt | ||
| Capital reserve | 3,841,740,185.11 | 3,608,591,602.42 |
| Minus: treasury shares | 377,847,295.63 | 160,088,925.60 |
| Other comprehensive income | ||
| Special reserves | ||
| Surplus reserve | 51,830,974.45 | 51,830,974.45 |
| Undistributed profit | -1,234,254,381.36 | -1,382,513,370.64 |
| Total owner's equity | 3,826,596,439.57 | 3,956,467,376.63 |
| Total Liabilities and Owner's Equity | 4,033,469,851.42 | 4,271,154,607.39 |
3. Consolidated Income Statement of the Reporting Period
Unit: RMB yuan
| Item | Current occurrence amount. | The occurrence amount of the previous period |
| 1 Total operating income | 774,467,679.35 | 3,360,816,595.53 |
| Of which: operating income | 774,467,679.35 | 3,360,816,595.53 |
| Interest income | ||
| Premiums earned | ||
| Fee and commission income | ||
| 2 Total operating cost | 671,204,175.08 | 3,101,787,320.16 |
| Of which: operating cost | 557,431,397.96 | 2,873,991,054.97 |
| Interest expense | ||
| Payment of fees and commission | ||
| Surrender fund | ||
| Net indemnity expenditure | ||
| Draw the net reserve of insurance liability contract | ||
| Policy dividend expense | ||
| Reinsurance cost | ||
| Taxes and surcharges | 2,105,418.72 | 4,631,112.28 |
| selling expenses | 29,511,096.12 | 121,593,417.82 |
| Administrative expenses | 62,241,970.84 | 77,699,654.06 |
| Research and development expenses | 18,458,518.75 | 50,475,710.14 |
| Financial expenses | 1,455,772.69 | -26,603,629.11 |
| Of which: interest expense | 3,997,432.21 | 4,963,181.77 |
| Interest income | 5,439,150.52 | 29,322,907.03 |
| Plus: other income | 1,326,553.84 | 4,380,819.31 |
| Investment income (loss with "-" sign) | 20,801,116.45 | 6,770,076.77 |
| Of which: the return on investment in collaborative ventures and joint ventures | 174,877.99 | 292,193.59 |
| Income from derecognition of financial assets measured at amortised cost (loss with "-" sign) | ||
| Exchange gain (loss with "-" sign) | ||
| Net exposure hedging gain (loss with "-" sign) | ||
| Fair value change income (loss with "-" sign) | -3,084,621.21 | 5,457,534.25 |
| Loss of credit impairment (loss is listed with "-" sign) | -1,743,190.23 | |
| Loss on impairment of assets (loss with "-" sign) | 905,316.06 | -987,131.87 |
| Income from asset disposal (loss with "-" sign) | -4,264.04 | 986,548.07 |
| 3 Operating profit (losses are listed with "-" sign) | 121,464,415.14 | 275,637,121.90 |
| Plus: non-operating income | 1,929,972.46 | 3,525,514.33 |
| Minus: non-operating expenses | 52,950.79 | 761,168.12 |
| 4 The total profit (the total loss shall be filled in with the sign "-") | 123,341,436.81 | 278,401,468.11 |
| Minus: income tax expenses | 20,227,251.72 | 65,595,152.42 |
| 5 Net profit (net loss is listed with "-" sign) | 103,114,185.09 | 212,806,315.69 |
| (1) Classified by business sustainability |
| i. Net profit from continuing operations (net loss with "-" sign) | 103,114,185.09 | 212,806,315.69 |
| ii. Net profit from termination of operation (net loss with "-" sign). | ||
| (2) Classification according to ownership. | ||
| i. Net profit attributable to the owner of the parent company | 98,519,590.30 | 212,791,166.02 |
| ii. Minority shareholders' profit and loss | 4,594,594.79 | 15,149.67 |
| 6 Net after tax of other comprehensive income | -5,768,887.59 | 679,314.85 |
| Net after tax of other comprehensive income attributable to the owner of the parent company | -5,768,887.59 | 679,314.85 |
| (1) other comprehensive income that cannot be reclassified into profit or loss | ||
| i. Re-measure the change in the benefit plan | ||
| ii. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| iii. Changes in fair value of investments in other equity instruments | ||
| iv. Fair value change of enterprise's own credit risk | ||
| v. Other | ||
| (2) Other comprehensive income reclassified into profit or loss | -5,768,887.59 | 679,314.85 |
| i. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| ii. Changes in fair value of other debt |
| investments | ||
| iii. The amount of financial assets reclassified to other comprehensive income | ||
| iv. Provision for credit impairment of other debt investments | ||
| v. Cash flow hedging reserve | ||
| vi. Translation difference of foreign currency financial statements | -5,768,887.59 | 679,314.85 |
| vii. Other | ||
| Net after tax of other consolidated income attributable to minority shareholders | ||
| 7 Total comprehensive income | 97,345,297.50 | 213,485,630.54 |
| Total consolidated income attributable to the owner of the parent company | 92,750,702.71 | 213,470,480.87 |
| Total consolidated income attributable to minority shareholders | 4,594,594.79 | 15,149.67 |
| 8 Earnings per share: | ||
| (1) Basic earnings per share | 0.07 | 0.12 |
| (2) Diluted earnings per share | 0.07 | 0.12 |
In the case of a business merger under the same control in the current period, the net profit realized by the merged party before themerger is: yuan, and the net profit realized by the merged party in the previous period is: yuan.Legal representative: Tang Zhuolin Chief in charge of accounting work: Qiu Yezhi Head of accounting institution: Qiu Yezhi
4. Parent Company Income Statement of the Reporting Period
Unit: RMB yuan
| Item | Current occurrence amount. | The occurrence amount of the previous period |
| 1 Operating income | 116,527,543.89 | 137,352,640.50 |
| Minus: operating cost | 70,212,865.82 | 81,663,742.91 |
| Taxes and surcharges | 991,391.75 | 869,107.37 |
| Selling expenses | 4,023,907.58 | 8,766,735.88 |
| Administrative expenses | 26,106,882.44 | 25,123,569.62 |
| Research and development expenses | 3,852,707.31 | 3,902,638.69 |
| Financial expenses | 50,050.19 | -9,104,138.55 |
| Of which: interest expense | 1,428,967.90 | 165,615.94 |
| Interest income | 4,130,055.85 | 6,195,629.09 |
| Plus: other income | 848,114.27 | 1,488,656.02 |
| Investment income (loss with "-" sign) | 60,663,710.99 | 66,839,416.89 |
| Of which: the return on investment in collaborative ventures and joint ventures | 174,877.99 | 561,197.71 |
| Termination of recognition of gains on financial assets measured at amortised cost (loss with "-" sign) | ||
| Net exposure hedging gain (loss with "-" sign) | ||
| Fair value change income (loss with "-" sign) | -3,435,578.93 | |
| Loss of credit impairment (loss is listed with "-" sign) | 2,220.07 | |
| Loss on impairment of assets (loss with "-" sign) | ||
| Income from asset disposal (loss with "-" sign) | -829.92 | |
| 2 Operating profit (loss shall be listed with "-" sign) | 69,368,205.20 | 94,458,227.57 |
| Plus: non-operating income | 8,276.88 | 7,603.52 |
| Minus: non-operating expenses | -1,664.32 | 5,281.36 |
| 3 The total profit (the total loss shall be filled in with the sign "-") | 69,378,146.40 | 94,460,549.73 |
| Minus: income tax expenses | -1,631,310.71 | 4,821,960.41 |
| 4 Net profit (net loss is listed with "-" sign) | 71,009,457.11 | 89,638,589.32 |
| (1) Net profit from continuing operation (net loss with "-" sign) | 71,009,457.11 | 89,638,589.32 |
| (2) Net profit from termination of operation (net loss with "-" sign) | ||
| 5 Net after tax of other comprehensive income | ||
| (1) Other comprehensive income that cannot be reclassified into profit or loss |
| i. Re-measure the change in the benefit plan | ||
| ii. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| iii. Changes in fair value of investments in other equity instruments | ||
| iv. Fair value change of enterprise's own credit risk | ||
| v. Other | ||
| (2) other comprehensive income reclassified into profit or loss | ||
| i. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| ii. Changes in fair value of other debt investments | ||
| iii. The amount of financial assets reclassified to other comprehensive income. | ||
| iv. Provision for credit impairment of other debt investments. | ||
| v. Cash flow hedging reserve. | ||
| vi. Translation difference of foreign currency financial statements. | ||
| vii. Other. | ||
| 6. Total comprehensive income | 71,009,457.11 | 89,638,589.32 |
| 7. Earnings per share: | ||
| (1) Basic earnings per share | ||
| (2) Diluted earnings per share |
5. Consolidated Income Statement from Year-begin to end of the reporting period
Unit: RMB yuan
| Item | Current occurrence amount. | The occurrence amount of the previous period |
| 1 Total operating income | 1,951,958,904.48 | 7,752,165,890.42 |
| Of which: operating income | 1,951,958,904.48 | 7,752,165,890.42 |
| Interest income |
| Premiums earned | ||
| Fee and commission income | ||
| 2 Total operating cost | 1,765,794,712.34 | 7,228,345,331.95 |
| Of which: operating cost. | 1,399,258,221.80 | 6,570,841,608.43 |
| Interest expense | ||
| Payment of fees and commission | ||
| Surrender fund | ||
| Net indemnity expenditure | ||
| Draw the net reserve of insurance liability contract | ||
| Policy dividend expense | ||
| Reinsurance cost | ||
| Taxes and surcharges | 7,793,560.64 | 17,154,493.47 |
| selling expenses | 120,806,685.92 | 315,749,074.61 |
| Administrative expenses | 184,551,546.73 | 228,865,063.82 |
| Research and development expenses | 53,663,442.74 | 109,424,959.04 |
| Financial expenses | -278,745.49 | -13,689,867.42 |
| Of which: interest expense | 10,237,015.64 | 24,080,948.95 |
| Interest income | 16,848,399.62 | 42,084,310.53 |
| Plus: other income | 8,423,825.78 | 7,912,331.83 |
| Investment income (loss with "-" sign) | 53,526,100.78 | 16,871,909.05 |
| Of which: the return on investment in collaborative ventures and joint ventures | 198,549.36 | 830,254.41 |
| Income from derecognition of financial assets measured at amortised cost (loss with "-" sign) | ||
| Exchange gain (loss with "-" sign) | ||
| Net exposure hedging gain (loss with "-" sign) |
| Fair value change income (loss with "-" sign) | 10,224,490.31 | 5,457,534.25 |
| Loss of credit impairment (loss is listed with "-" sign) | -1,384,648.98 | |
| Loss on impairment of assets (loss with "-" sign) | -2,073,080.91 | -37,337,494.63 |
| Income from asset disposal (loss with "-" sign) | -2,291.96 | 577,878.27 |
| 3 Operating profit (losses are listed with "-" sign) | 254,878,587.16 | 517,302,717.24 |
| Plus: non-operating income | 2,106,749.39 | 13,498,463.84 |
| Minus: non-operating expenses | 1,517,800.08 | 3,362,108.06 |
| 4 The total profit (the total loss shall be filled in with the sign "-") | 255,467,536.47 | 527,439,073.02 |
| Minus: income tax expenses | 25,869,561.72 | 130,783,444.44 |
| 5 Net profit (net loss is listed with "-" sign) | 229,597,974.75 | 396,655,628.58 |
| (1) Classified by business sustainability | ||
| ii. Net profit from continuing operations (net loss with "-" sign) | 229,597,974.75 | 396,655,628.58 |
| ii. Net profit from termination of operation (net loss with "-" sign) | ||
| (2) Classification according to ownership | ||
| i. Net profit attributable to the owner of the parent company | 225,718,052.39 | 395,182,302.41 |
| ii. Minority shareholders' profit and loss | 3,879,922.36 | 1,473,326.17 |
| 6 Net after tax of other comprehensive income | -1,816,973.90 | 421,736.68 |
| Net after tax of other comprehensive income attributable to the owner of the parent company | -1,816,973.90 | 421,736.68 |
| (1) other comprehensive income that cannot be reclassified into profit or loss | 65,719.32 |
| i. Re-measure the change in the benefit plan | 65,719.32 | |
| ii. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| iii. Changes in fair value of investments in other equity instruments | ||
| iv. Fair value change of enterprise's own credit risk | ||
| v. Other | ||
| (2) Other comprehensive income reclassified into profit or loss | -1,882,693.22 | 421,736.68 |
| i. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| ii. Changes in fair value of other debt investments | ||
| iii. The amount of financial assets reclassified to other comprehensive income | ||
| iv. Provision for credit impairment of other debt investments | ||
| v. Cash flow hedging reserve | ||
| vi. Translation difference of foreign currency financial statements | -1,882,693.22 | 421,736.68 |
| vii. Other | ||
| Net after tax of other consolidated income attributable to minority shareholders | ||
| 7 Total comprehensive income | 227,781,000.85 | 397,077,365.26 |
| Total consolidated income attributable to the owner of the parent company | 223,901,078.49 | 395,604,039.09 |
| Total consolidated income attributable to | 3,879,922.36 | 1,473,326.17 |
| minority shareholders | ||
| 8 Earnings per share: | ||
| (1) Basic earnings per share | 0.15 | 0.22 |
| (3) Diluted earnings per share | 0.15 | 0.22 |
In the case of a business merger under the same control in the current period, the net profit realized by the merged party before themerger is: yuan, and the net profit realized by the merged party in the previous period is: yuan.Legal representative: Tang Zhuolin Chief in charge of accounting work: Qiu Yezhi Head of accounting institution: Qiu Yezhi
6. Parent Company Income Statement from Year-begin to end of the reporting period
Unit: RMB yuan
| Item | Current occurrence amount. | The occurrence amount of the previous period |
| 1 Operating income | 276,169,291.83 | 282,760,722.29 |
| Minus: operating cost | 164,908,086.13 | 176,850,040.46 |
| Taxes and surcharges | 4,894,835.57 | 4,012,235.84 |
| Selling expenses | 14,226,411.09 | 19,952,228.33 |
| Administrative expenses | 66,428,129.54 | 65,014,403.20 |
| Research and development expenses | 13,396,113.76 | 10,139,077.86 |
| Financial expenses | -4,859,183.84 | -14,106,269.11 |
| Of which: interest expense | 2,326,561.90 | 3,915,979.61 |
| Interest income | 10,468,627.19 | 15,342,323.86 |
| Plus: other income | 5,446,099.68 | 4,126,286.02 |
| Investment income (loss with "-" sign) | 112,157,277.57 | 76,347,312.80 |
| Of which: the return on investment in collaborative ventures and joint ventures | 198,549.36 | 1,112,257.23 |
| Termination of recognition of gains on financial assets measured at amortised cost (loss with "-" sign) | ||
| Net exposure hedging gain (loss with "-" sign) | ||
| Fair value change income (loss with "-" sign) | 9,981,607.91 | |
| Loss of credit impairment (loss is listed with "-" sign) | 1,859,701.63 |
| Loss on impairment of assets (loss with "-" sign) | 519,758.39 | |
| Income from asset disposal (loss with "-" sign) | 2,152.00 | |
| 2 Operating profit (loss shall be listed with "-" sign) | 146,619,586.37 | 101,894,514.92 |
| Plus: non-operating income | 12,724.10 | 86,740.97 |
| Minus: non-operating expenses | 1,272,131.90 | 688,287.49 |
| 3 The total profit (the total loss shall be filled in with the sign "-") | 145,360,178.57 | 101,292,968.40 |
| Minus: income tax expenses | -2,898,810.71 | 6,220,191.39 |
| 4 Net profit (net loss is listed with "-" sign) | 148,258,989.28 | 95,072,777.01 |
| (1) Net profit from continuing operation (net loss with "-" sign) | 148,258,989.28 | 95,072,777.01 |
| (2) Net profit from termination of operation (net loss with "-" sign) | ||
| 5 Net after tax of other comprehensive income | ||
| (1) Other comprehensive income that cannot be reclassified into profit or loss | ||
| i. Re-measure the change in the benefit plan | ||
| ii. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| iii. Changes in fair value of investments in other equity instruments | ||
| iv. Fair value change of enterprise's own credit risk | ||
| v. Other | ||
| (2) other comprehensive income reclassified into profit or loss | ||
| i. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| ii. Changes in fair value of other debt investments | ||
| iii. The amount of financial assets reclassified to other comprehensive income. |
| iv. Provision for credit impairment of other debt investments. | ||
| v. Cash flow hedging reserve. | ||
| vi. Translation difference of foreign currency financial statements. | ||
| vii. Other. | ||
| 6. Total comprehensive income | 148,258,989.28 | 95,072,777.01 |
| 7. Earnings per share: | ||
| (1) Basic earnings per share | ||
| (2) Diluted earnings per share |
7.Consolidated statement of cash flows
Unit: RMB yuan
| Item | Current occurrence amount. | The occurrence amount of the previous period |
| 1 Cash flow generated by business activities: | ||
| Cash received from the sale of goods and the provision of services | 2,191,344,316.36 | 4,705,143,721.33 |
| Net increase in customer deposits and interbank deposits | ||
| Net increase in borrowing from the central bank | ||
| Net increase in funds transferred to other financial institutions | ||
| Cash received from the premium of the original insurance contract | ||
| Net cash received from reinsurance business | ||
| Net increase in depositors' deposits and investment funds | ||
| Cash that collects interest, commission and commission | ||
| Net increase in borrowed funds | ||
| Net increase in funds for repurchase business |
| Net cash received by agents buying and selling securities | ||
| Tax refund received | 27,067,794.23 | 42,766,749.09 |
| Receipt of other cash related to business activities | 141,235,719.07 | 57,269,540.65 |
| Subtotal cash inflows from operating activities | 2,359,647,829.66 | 4,805,180,011.07 |
| Cash paid for the purchase of goods and services | 1,370,823,824.55 | 2,075,931,738.58 |
| Net increase in customer loans and advances | ||
| Net increase in central bank and interbank deposits | ||
| Cash to pay the indemnity of the original insurance contract | ||
| Net increase in loan funds | ||
| Cash for the payment of interest, fees and commissions | ||
| Cash for the payment of policy dividends | ||
| Cash paid to and for employees | 390,338,827.65 | 538,245,634.48 |
| Taxes and fees paid | 65,884,267.48 | 472,005,127.58 |
| Payment of other cash related to business activities | 283,615,252.74 | 198,746,037.38 |
| Subtotal cash outflow from operating activities | 2,110,662,172.42 | 3,284,928,538.02 |
| Net cash flow from operating activities | 248,985,657.24 | 1,520,251,473.05 |
| 2 Cash flow generated by investment activities: | ||
| Recover the cash received from the investment | ||
| Cash received from investment income | 53,327,551.42 | 16,040,302.41 |
| Net cash recovered from disposal of fixed assets, intangible assets and other long-term assets | 5,898.53 | 40,024.97 |
| Disposal of net cash received by subsidiaries and other business units |
| Receipt of other cash related to investment activities | 6,263,980,802.74 | 50,200,000.00 |
| Subtotal cash inflows from investment activities | 6,317,314,252.69 | 66,280,327.38 |
| Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets | 97,690,291.05 | 39,233,926.52 |
| Cash paid for investment | 1,185,720.00 | |
| Net increase in pledged loans | ||
| Obtain net cash paid by subsidiaries and other business units | 129,375,647.45 | |
| Payment of other cash related to investment activities | 6,522,759,419.70 | 930,000,000.00 |
| Subtotal cash outflow from investment activities | 6,621,635,430.75 | 1,098,609,573.97 |
| Net cash flow from investing activities | -304,321,178.06 | -1,032,329,246.59 |
| 3 Cash flow generated by fund-raising activities: | ||
| Absorb the cash received by the investment | 22,600,000.00 | |
| Of which: the subsidiary absorbs the cash received from the investment of minority shareholders | ||
| Cash received for obtaining loans | 354,759,673.90 | 57,107,857.17 |
| Receipt of other cash related to fund-raising activities | 124,187,890.90 | 68,199,505.77 |
| Subtotal cash inflows from fund-raising activities | 501,547,564.80 | 125,307,362.94 |
| Cash paid to repay debts | 441,132,461.88 | 252,267,989.14 |
| Cash paid for the distribution of dividends, profits, or interest payments | 9,283,802.67 | 9,875,681.83 |
| Of which: dividends and profits paid by subsidiaries to minority shareholders | ||
| Payment of other cash related to fund-raising activities | 596,361,181.41 | 1,515,087,148.46 |
| Subtotal cash outflow from fund-raising activities | 1,046,777,445.96 | 1,777,230,819.43 |
| Net cash flow from financing activities | -545,229,881.16 | -1,651,923,456.49 |
| 4 The impact of exchange rate changes on cash and cash equivalents | -8,508,042.88 | 15,373,351.47 |
| 5 Net increase in cash and cash equivalents | -609,073,444.86 | -1,148,627,878.56 |
| Plus: balance of cash and cash equivalents at the beginning of the reporting period | 2,226,724,737.39 | 2,057,997,442.35 |
| 6 Balance of cash and cash equivalents at the end of the reporting period | 1,617,651,292.53 | 909,369,563.79 |
8.Parent company cash flow statement
Unit: RMB yuan
| Item | Current occurrence amount. | The occurrence amount of the previous period |
| Cash flow generated by business activities: | ||
| Cash received from the sale of goods and the provision of services | 287,302,740.44 | 288,210,111.17 |
| Tax refund received | 7,818,605.41 | 15,350,422.96 |
| Receipt of other cash related to business activities | 101,970,749.54 | 12,296,317.11 |
| Subtotal cash inflows from operating activities | 397,092,095.39 | 315,856,851.24 |
| Cash paid for the purchase of goods and services | 192,442,841.14 | 205,954,544.12 |
| Cash paid to and for employees | 69,958,044.07 | 66,343,519.28 |
| Taxes and fees paid | 5,709,726.37 | 11,520,728.29 |
| Payment of other cash related to business activities | 133,106,697.68 | 55,439,056.74 |
| Subtotal cash outflow from operating activities | 401,217,309.26 | 339,257,848.43 |
| Net cash flow from operating activities | -4,125,213.87 | -23,400,997.19 |
| 2 Cash flow generated by investment activities: | ||
| Recover the cash received from the investment |
| Cash received from investment income | 71,958,728.21 | 75,235,055.57 |
| Net cash recovered from disposal of fixed assets, intangible assets and other long-term assets | ||
| Disposal of net cash received by subsidiaries and other business units | ||
| Receipt of other cash related to investment activities | 6,209,749,419.70 | 200,000.00 |
| Subtotal cash inflows from investment activities | 6,281,708,147.91 | 75,435,055.57 |
| Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets | 4,553,234.07 | 8,228,324.76 |
| Cash paid for investment | ||
| Obtain net cash paid by subsidiaries and other business units | 35,840,000.00 | |
| Payment of other cash related to investment activities | 6,378,749,419.70 | 930,000,000.00 |
| Subtotal cash outflow from investment activities | 6,383,302,653.77 | 974,068,324.76 |
| Net cash flow from investing activities | -101,594,505.86 | -898,633,269.19 |
| 3 Cash flow generated by fund-raising activities: | ||
| Absorb the cash received by the investment | 22,600,000.00 | |
| Cash received for obtaining loans | ||
| Receipt of other cash related to fund-raising activities | 124,187,890.90 | 22,898,959.78 |
| Subtotal cash inflows from fund-raising activities | 146,787,890.90 | 22,898,959.78 |
| Cash paid to repay debts | 90,000,000.00 | 50,000,000.00 |
| Cash paid for the distribution of dividends, profits, or interest payments | 2,326,561.90 | 3,315,750.92 |
| Payment of other cash related to fund-raising activities | 596,361,181.41 | 101,234,948.46 |
| Subtotal cash outflow from fund-raising activities | 688,687,743.31 | 154,550,699.38 |
| Net cash flow from financing activities | -541,899,852.41 | -131,651,739.60 |
| 4 The impact of exchange rate changes on cash and cash equivalents | ||
| 5Net increase in cash and cash equivalents | -647,619,572.14 | -1,053,686,005.98 |
| Plus: balance of cash and cash equivalents at the beginning of the reporting period | 1,770,491,895.62 | 1,432,283,149.36 |
| 6 Balance of cash and cash equivalents at the end of the reporting period | 1,122,872,323.48 | 378,597,143.38 |
II. Explanation of the adjustment of financial statements
1. For the first time since 2020, the implementation of the new income standard and the new leasingstandard will be adjusted for the first implementation of the financial statements at the beginning of theyear.
√ Applicable □ Not applicable
Whether to adjust the balance sheet accounts at the beginning of the year
√ Yes □ No
Consolidated balance sheet
Unit: RMB yuan
| Item | December 31, 2019 | January 1, 2020 | Adjust integer |
| Current assets: | |||
| Monetary funds | 2,356,703,434.60 | 2,356,703,434.60 | |
| Settlement provisions | |||
| Dismantling funds | |||
| Transactional financial assets | 1,164,039,381.59 | 1,164,039,381.59 | |
| Derivative financial assets | |||
| Notes receivable | |||
| Accounts receivable | 597,431,210.02 | 597,431,210.02 | |
| Receivable financing | 55,447,099.32 | 55,447,099.32 | |
| Advance payment | 25,901,123.85 | 25,901,123.85 | |
| Premium receivable |
| Receivable reinsurance account | |||
| Provision for reinsurance contract receivable | |||
| Other receivables | 79,573,114.49 | 79,573,114.49 | |
| Of which: interest receivable | 721,935.36 | 721,935.36 | |
| Dividend receivable | |||
| Buy back resale financial assets | |||
| Inventory | 671,432,701.11 | 671,432,701.11 | |
| Contract assets | |||
| Holding assets for sale | |||
| Non-current assets due within one year | 356,983.48 | 356,983.48 | |
| Other current assets | 22,346,314.29 | 22,346,314.29 | |
| Total current assets | 4,973,231,362.75 | 4,973,231,362.75 | |
| Non-current assets: | |||
| Loans and advances | |||
| Debt investment | |||
| Other debt investments | |||
| Long-term receivables | |||
| Long-term equity investment | 72,372,355.03 | 72,372,355.03 | |
| Investment in other equity instruments | |||
| Other non-current financial assets | 20,559,159.34 | 20,559,159.34 | |
| Investment real estate | |||
| Fixed assets | 585,754,900.75 | 585,754,900.75 | |
| Project under construction | 4,839,241.48 | 4,839,241.48 | |
| Productive biological assets | |||
| Oil and gas asset | |||
| Right-of-use asset | |||
| Intangible assets | 249,882,429.53 | 249,882,429.53 | |
| Development expenditure |
| Goodwill | 306,633,631.93 | 306,633,631.93 | |
| Long-term prepaid expenses | 8,699,236.33 | 8,699,236.33 | |
| Deferred income tax assets | 49,025,021.61 | 49,025,021.61 | |
| Other non-current assets | 2,518,818.56 | 2,518,818.56 | |
| Total non-current assets | 1,300,284,794.56 | 1,300,284,794.56 | |
| Total assets | 6,273,516,157.31 | 6,273,516,157.31 | |
| Current liabilities: | |||
| Short-term loan | 117,888,353.14 | 117,888,353.14 | |
| Borrowing from the Central Bank | |||
| Borrowed funds | |||
| Transactional financial liabilities | |||
| Derivative financial liabilities | |||
| Notes payable | 43,973,859.51 | 43,973,859.51 | |
| Accounts payable | 472,862,744.45 | 472,862,744.45 | |
| Advance receipts | 286,511,724.62 | -286,511,724.62 | |
| Contract liabilities | 286,511,724.62 | 286,511,724.62 | |
| Selling back financial assets | |||
| Deposits and Interbank deposit | |||
| Agent trading securities | |||
| Agent underwriting securities | |||
| Salary payable to staff and workers | 106,677,329.95 | 106,677,329.95 | |
| Taxes payable | 48,928,229.51 | 48,928,229.51 | |
| Other payables | 90,950,443.16 | 90,950,443.16 | |
| Of which: interest payable | 1,410,745.58 | 1,410,745.58 | |
| Dividend payable | |||
| Fees and commissions | |||
| Reinsurance accounts payable | |||
| Holding liabilities for sale | |||
| Non-current liabilities due within one | 353,399,238.29 | 353,399,238.29 |
| year | |||
| Other current liabilities | |||
| Total current liabilities | 1,521,191,922.63 | 1,521,191,922.63 | |
| Non-current liabilities: | |||
| Insurance contract reserve | |||
| Long term loan | 224,146,667.48 | 224,146,667.48 | |
| Bonds payable | |||
| Of which: preferred stock | |||
| Perpetual debt | |||
| Lease liability | |||
| Long-term payables | |||
| Long-term salary payable to staff and workers | 12,252,657.36 | 12,252,657.36 | |
| Estimated liabilities | 78,650,466.48 | 78,650,466.48 | |
| Deferred income | 18,275,808.90 | 18,275,808.90 | |
| Deferred income tax liabilities | 16,915,692.91 | 16,915,692.91 | |
| Other non-current liabilities | |||
| Total non-current liabilities | 350,241,293.13 | 350,241,293.13 | |
| Total Liabilities | 1,871,433,215.76 | 1,871,433,215.76 | |
| Owners' equity: | |||
| Share capital | 1,838,647,096.00 | 1,838,647,096.00 | |
| Other equity instruments | |||
| Of which: preferred stock | |||
| Perpetual debt | |||
| Capital reserve | 3,862,377,838.84 | 3,862,377,838.84 | |
| Minus: treasury shares | 160,088,925.60 | 160,088,925.60 | |
| Other comprehensive income | 24,971,085.32 | 24,971,085.32 | |
| Special reserves | |||
| Surplus reserve | 51,830,974.45 | 51,830,974.45 |
| General risk preparation | |||
| Undistributed profit | -1,280,673,461.14 | -1,280,673,461.14 | |
| Total equity attributable to owners of parent company | 4,337,064,607.87 | 4,337,064,607.87 | |
| Minority shareholder interest | 65,018,333.68 | 65,018,333.68 | |
| Total owner's equity | 4,402,082,941.55 | 4,402,082,941.55 | |
| Total Liabilities and Owner's Equity | 6,273,516,157.31 | 6,273,516,157.31 |
Adjustment description.
Parent company balance sheet
Unit: RMB yuan
| Item | December 31, 2019 | January 1, 2020 | Adjust integer |
| Current assets: | |||
| Monetary funds | 1,899,380,375.38 | 1,899,380,375.38 | |
| Transactional financial assets | 1,163,000,000.00 | 1,163,000,000.00 | |
| Derivative financial assets | |||
| Notes receivable | |||
| Accounts receivable | 151,096,214.10 | 151,096,214.10 | |
| Receivable financing | 51,139,322.12 | 51,139,322.12 | |
| Advance payment | 3,233,763.27 | 3,233,763.27 | |
| Other receivables | 36,670,496.12 | 36,670,496.12 | |
| Of which: interest receivable | |||
| Dividend receivable | |||
| Inventory | 111,225,290.10 | 111,225,290.10 | |
| Contract assets |
| Holding assets for sale | |||
| Non-current assets due within one year | 356,983.48 | 356,983.48 | |
| Other current assets | 4,961,417.06 | 4,961,417.06 | |
| Total current assets | 3,421,063,861.63 | 3,421,063,861.63 | |
| Non-current assets: | |||
| Debt investment | |||
| Other debt investments | |||
| Long-term receivables | |||
| Long-term equity investment | 439,638,782.00 | 439,638,782.00 | |
| Investment in other equity instruments | |||
| Other non-current financial assets | |||
| Investment real estate | |||
| Fixed assets | 340,791,611.76 | 340,791,611.76 | |
| Project under construction | 83,070.80 | 83,070.80 | |
| Productive biological assets | |||
| Oil and gas asset | |||
| Right-of-use asset | |||
| Intangible assets | 60,733,612.10 | 60,733,612.10 | |
| Development expenditure | |||
| Goodwill | |||
| Long-term prepaid expenses | 3,335,014.92 | 3,335,014.92 |
| Deferred income tax assets | 4,923,465.18 | 4,923,465.18 | |
| Other non-current assets | 585,189.00 | 585,189.00 | |
| Total non-current assets | 850,090,745.76 | 850,090,745.76 | |
| Total assets | 4,271,154,607.39 | 4,271,154,607.39 | |
| Current liabilities: | |||
| Short-term loan | 90,000,000.00 | 90,000,000.00 | |
| Transactional financial liabilities | |||
| Derivative financial liabilities | |||
| Notes payable | 43,843,859.51 | 43,843,859.51 | |
| Accounts payable | 70,687,704.41 | 70,687,704.41 | |
| Advance receipts | 17,451,789.10 | -17,451,789.10 | |
| Contract liabilities | 17,451,789.10 | 17,451,789.10 | |
| Salary payable to staff and workers | 26,144,254.56 | 26,144,254.56 | |
| Taxes payable | 1,921,575.57 | 1,921,575.57 | |
| Other payables | 50,214,415.95 | 50,214,415.95 | |
| Of which: interest payable | |||
| Dividend payable | |||
| Holding liabilities for sale | |||
| Non-current liabilities due within one year | |||
| Other current liabilities | |||
| Total current liabilities | 300,263,599.10 | 300,263,599.10 |
| Non-current liabilities: | |||
| Long term loan | |||
| Bonds payable | |||
| Of which: preferred stock | |||
| Perpetual debt | |||
| Lease liability | |||
| Long-term payables | |||
| Long-term salary payable to staff and workers | |||
| Estimated liabilities | |||
| Deferred income | 14,423,631.66 | 14,423,631.66 | |
| Deferred income tax liabilities | |||
| Other non-current liabilities | |||
| Total non-current liabilities | 14,423,631.66 | 14,423,631.66 | |
| Total Liabilities | 314,687,230.76 | 314,687,230.76 | |
| Owners' equity: | |||
| Share capital | 1,838,647,096.00 | 1,838,647,096.00 | |
| Other equity instruments | |||
| Of which: preferred stock | |||
| Perpetual debt | |||
| Capital reserve | 3,608,591,602.42 | 3,608,591,602.42 | |
| Minus: treasury shares | 160,088,925.60 | 160,088,925.60 | |
| Other comprehensive |
| income | |||
| Special reserves | |||
| Surplus reserve | 51,830,974.45 | 51,830,974.45 | |
| Undistributed profit | -1,382,513,370.64 | -1,382,513,370.64 | |
| Total owner's equity | 3,956,467,376.63 | 3,956,467,376.63 | |
| Total Liabilities and Owner's Equity | 4,271,154,607.39 | 4,271,154,607.39 |
Adjustment description.
2. The first time to implement the new income standard and the new leasing standard retrospectively adjustthe comparative data in the previous period from 2020
□ Applicable √ Not applicable
III. Audit reportWhether the first quarter report has been audited
□ Yes √ No
The company's first quarter report has not been audited.