KONKAGROUPCO.,LTD.INTERIMREPORT2021
2021-68
August2021
PartIImportantNotes,TableofContentsandDefinitions
TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofKonkaGroupCo.,Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.ZhouBin,theCompany’slegalrepresentative,LiChunlei,theCompany’sChiefFinancialOfficer(CFO),andGuoZhihua,theheadoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.Anyplansforthefutureorotherforward-lookingstatementsmentionedinthisReportanditssummaryshallNOTbeconsideredasabsolutepromisesoftheCompanytoinvestors.Therefore,investorsareremindedtoexercisecautionwhenmakinginvestmentdecisions.TheCompanyhasnointerimdividendplan,eitherintheformofcashorstock.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
TableofContents
PartIImportantNotes,TableofContentsandDefinitions ...... 2
PartIICorporateInformationandKeyFinancialInformation ...... 10
PartIIIManagementDiscussionandAnalysis ...... 13
PartIVCorporateGovernance ...... 28
PartVEnvironmentalandSocialResponsibility ...... 30
PartVISignificantEvents ...... 40
PartVIIShareChangesandShareholderInformation ...... 62
PartVIIIPreferredShares ...... 67
PartIXCorporateBonds ...... 68
PartXFinancialStatements ...... 73
DocumentsAvailableforReference
(I)ThefinancialstatementswiththesignaturesandsealsoftheCompany’slegalrepresentative,ChiefFinancialOfficerandheadofthefinancialdepartment;(II)TheoriginalsofalltheCompany’sdocumentsandannouncementsdisclosedtothepublicintheReportingPeriod;and(III)ThedocumentsaboveareavailableattheSecretariatoftheBoard.
Definitions
| Term | Definition |
| The“Company”,the“Group”,“KonkaGroup”or“we” | KonkaGroupCo.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires |
| AnhuiZhilian | AnhuiKonkaZhilianE-CommerceCo.,Ltd. |
| HaimenKonka | HaimenKonkaSmartTechnologyCo.,Ltd. |
| ChengduKonkaSmart | ChengduKonkaSmartTechnologyCo.,Ltd. |
| ChengduKonkaElectronic | ChengduKonkaElectronicCo.,Ltd. |
| NantongHongdin | NantongHongdinSmartTechnologyCo.,Ltd. |
| Youzhihui | ShenzhenYouzhihuiTechnologyCo.,Ltd. |
| XiaojiaTechnology | ShenzhenXiaojiaTechnologyCo.,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. |
| KonkaSoftElectronic | SuiningKonkaSoftElectronicTechnologyCo.,Ltd. |
| KonkaHongyeElectronics | SuiningKonkaHongyeElectronicsCo.,Ltd. |
| BoluoPrecision | BoluoKonkaPrecisionTechnologyCo.,Ltd. |
| BoluoKonka | BoluoKonkaPCBCo.,Ltd. |
| XiamenDalong | XiamenDalongTradingCo.,Ltd. |
| ElectronicsTechnology | ShenzhenKonkaElectronicsTechnologyCo.,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. |
| IndustrialParkDevelopment | ShenzhenKonkaIndustrialParkDevelopmentCo.,Ltd. |
| KonkaSuiyong | KonkaSuiyongInvestment(Shenzhen)Co.,Ltd. |
| KangquanEnterprise | ShenzhenKangquanEnterpriseManagementConsultingCo.,Ltd. |
| KonkaSuyuan | ShenzhenKonkaSuyuanInvestmentIndustrialCo.,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. |
| MobileInterconnection | ShenzhenKonkaMobileInterconnectionTechnologyCo.,Ltd. |
| SichuanKonka | SichuanKonkaSmartTerminalTechnologyCo.,Ltd |
| YibinSmart | YibinKonkaSmartTechnologyCo.,Ltd. |
| ShenzhenKONSEMI | ShenzhenKONSEMICo.,Ltd. |
| ChongqingKonka | ChongqingKonkaTechnologyDevelopmentCo.,Ltd. |
| HefeiKONSEMI | HefeiKONSEMIStorageTechnologyCo.,Ltd. |
| YiheElectronic | HefeiYiheElectronicCo.,Ltd. |
| ShenzhenHuiyingTechnology | ShenzhenKonkaHuiyingTechnologyCo.,Ltd. |
| ChongqingHuiyingTechnology | ChongqingKonkaHuiyingTechnologyCo.,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. |
| KonkaElectricalAppliances | ShenzhenKonkaElectricalAppliancesCo.,Ltd. |
| E2info | ShenzhenE2infoNetworkTechnologyCo.,Ltd. |
| E2info(Hainan) | E2info(Hainan)NetworkTechnologyCo.,Ltd. |
| AnhuiKonka | AnhuiKonkaElectronicCo.,Ltd. |
| KangzhiTrade | AnhuiKangzhiTradeCo.,Ltd. |
| TelecommunicationTechnology | ShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd. |
| KonkaMobility | KonkaMobilityCo.,Limited |
| DongguanPacking | DongguanKonkaPackingMaterialsCo.,Ltd. |
| 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(formerlyknownas“Nano-GrystallizedGlass”) | JiangxiHighTransparentSubstrateMaterialTechnologyCo.,Ltd.(formerlyknownas“JiangxiGoldenPhoenixNano-GrystallizedGlassCo.,Ltd.”) |
| JiangsuKonkaSpecialMaterial | JiangsuKonkaSpecialMaterialTechnologyCo.,Ltd. |
| XinfengMicrocrystalline | JiangxiXinfengMicrocrystallineJadeCo.,Ltd. |
| KonkaHuanjia | KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd. |
| KonkaHuanjia(Henan) | KonkaHuanjia(Henan)EnvironmentalTechnologyCo.,Ltd. |
| EconTechnology | ShandongEconTechnologyCo.,Ltd. |
| EconEnvironmentalEngineering | EconEnvironmentalEngineeringCo.,Ltd. |
| BeijingEcon | BeijingEconRunfengTechnologyCo.,Ltd. |
| BinzhouEconZhongke | BinzhouEconZhongkeEnvironmentalTechnologyCo.,Ltd. |
| DayiKangrunWater | DayiKangrunWaterCo.,Ltd. |
| TingyuanEnvironmental | TingyuanEnvironmentalTechnology(Shanghai)Co.,Ltd. |
| ShanghaiJiyi | ShanghaiJiyiEnvironmentalTechnologyCo.,Ltd. |
| KangrunhongEnvironmental | KangrunhongEnvironmentalTechnology(Yantai)Co.,Ltd. |
| DonggangKangrun | DonggangKangrunEnvironmentalManagementCo.,Ltd. |
| GaopingKangrun | GaopingKangrunEnvironmentalProtection&WaterCo.,Ltd. |
| Xi’anKangrun | Xi’anGaolingKangrunEnvironmentalEngineeringCo.,Ltd. |
| ChangningKangrun | ChangningKangrunWaterCo.,Ltd. |
| LushanKangrunEnvironmental | LushanKangrunEnvironmentalManagementCo.,Ltd. |
| TongchuanKangrunHonghui | TongchuanKangrunHonghuiEnvironmentalManagementCo.,Ltd. |
| RushanEcon | RushanEconWaterEnvironmentManagementCo.,Ltd. |
| MengchengKangrun | MengchengKangrunAnjianWaterCo.,Ltd. |
| ChongzhouKangrun | ChongzhouKangrunEnvironmentCo.,Ltd. |
| SuiningPengxiKangrun | SuiningPengxiKangrunEnvironmentalManagementCo.,Ltd. |
| FunanKangrunWater | FunanKangrunWaterCo.,Ltd. |
| SubeiKangrunWater | SubeiMongolAutonomousCountyKangrunWaterCo.,Ltd. |
| LinfenKangrun | LinfenKangrunJinzeWaterSupplyCo.,Ltd. |
| WuhanRunyuanWastewater | WuhanRunyuanWastewaterTreatmentCo.,Ltd. |
| BinzhouWeiyijie | BinzhouWeiyijieEnvironmentalTechnologyCo.,Ltd. |
| BinzhouBeihaiJingmai | BinzhouBeihaiJingmaiIndustrialDevelopmentCo.,Ltd. |
| Chunzhiran | YantaiChunzhiranEnvironmentalTechnologyCo.,Ltd. |
| LairunHolding | LaizhouLairunHoldingCo.,Ltd. |
| BinhaiWastewater | LaizhouBinhaiWastewaterTreatmentCo.,Ltd. |
| LairunEnvironmentalProtection | LaizhouLairunEnvironmentalProtectionCo.,Ltd. |
| LairunWastewater | LaizhouLairunWastewaterTreatmentCo.,Ltd. |
| WeifangSihaiKangrun | WeifangSihaiKangrunInvestmentOperationCo.,Ltd. |
| XixianKangrun | XixianKangrunXijianWaterEnvironmentDevelopmentCo.,Ltd. |
| AnkangKangrun | AnkangKangrunXinhengWaterEnvironmentCo.,Ltd. |
| BokangRenewable | BokangRenewableResources(Yantai)Co.,Ltd. |
| KangrunchengEnvironmentalTechnology | KangrunchengEnvironmentalTechnology(Yantai)Co.,Ltd. |
| ShaanxiKonkaIntelligent | ShaanxiKonkaIntelligentApplianceCo.,Ltd. |
| PengrunTechnology | ShenzhenKonkaPengrunTechnology&IndustryCo.,Ltd. |
| JiaxinTechnology | JiaxinTechnologyCo.,Ltd. |
| KonkaRonghe | KonkaRongheIndustrialTechnology(Zhejiang)Co.,Ltd. |
| ChongqingKangxingrui | ChongqingKangxingruiEnvironmentalTechnologyCo.,Ltd. |
| ChongqingKangxingruiAutomobileRecycling | ChongqingKangxingruiScrapedAutomobileRecyclingCo.,Ltd. |
| ChongqingKangleiOptoelectronic | ChongqingKangleiOptoelectronicTechnologyCo.,Ltd. |
| HenanKangxinProperty | HenanKangxinPropertyCo.,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. |
| KonkaMaterial | HainanKonkaMaterialTechnologyCo.,Ltd. |
| KonkaVentures | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. |
| YibinKonkaIncubator | YibinKonkaIncubatorManagementCo.,Ltd. |
| YantaiKonka | YantaiKonkaHealthcareEnterpriseServiceCo.,Ltd. |
| ChengduAnren | ChengduAnrenKonkaCulturalandCreativeIncubatorManagementCo.,Ltd. |
| KonkaEnterpriseService | GuiyangKonkaEnterpriseServiceCo.,Ltd. |
| ChuanghuiSmart | NanjingChuanghuiSmartTechnologyCo.,Ltd. |
| KonkaEco-Development | ShenzhenKonkaEco-DevelopmentInvestmentCo.,Ltd. |
| ShenzhenKangxinProperty | ShenzhenKangxinPropertyCo.,Ltd. |
| HenanKanghanProperty | HenanKanghanPropertyCo.,Ltd. |
| KonkaEurope | Konka(Europe)Co.,Ltd. |
| HongKongKonka | HongKongKonkaLimited |
| KangxinSemiconductor | KangxinSemiconductor(Yantai)Co.,Ltd. |
| HongdinTrading | HongdinInternationalTradingLimited |
| KonkaNorthAmerica | KonkaNorthAmericaLLC |
| KanghaoTechnology | KanghaoTechnologyCo.,Ltd. |
| HongdinInvest | HongdinInvestDevelopmentLimited |
| ChainKingdomMemoryTechnologies | ChainKingdomMemoryTechnologiesCo.,Limited |
| ChainKingdomMemoryTechnologies(Shenzhen) | ChainKingdomMemoryTechnologies(Shenzhen)Co.,Limited |
| HefeiChainKingdomMemoryTechnologies | HefeiChainKingdomMemoryTechnologiesCo.,Limited |
| KonkaSmartech | KonkaSmartechLimited |
| Hongjet | Hongjet(HongKong)CompanyLimited |
| YantaiKangyun | YantaiKangyunIndustrialDevelopmentCo.,Ltd. |
| YantaiKangyunProperty | YantaiKangyunPropertyDevelopmentCo.,Ltd. |
| CSRC | TheChinaSecuritiesRegulatoryCommission |
| SZSE | TheShenzhenStockExchange |
| CSRCShenzhen | TheShenzhenBureauoftheChinaSecuritiesRegulatoryCommission |
| RMB,RMB’0,000,RMB’00,000,000 | ExpressedintheChinesecurrencyofRenminbi,expressedintensofthousandsofRenminbi,expressedinhundredsofmillionsofRenminbi |
PartIICorporateInformationandKeyFinancialInformation
ICorporateInformation
| Stockname | KonkaGroup-A,KonkaGroup-B | Stockcode | 000016,200016 |
| Changedstockname(ifany) | N/A | ||
| Stockexchangeforstocklisting | ShenzhenStockExchange | ||
| CompanynameinChinese | 康佳集团股份有限公司 | ||
| Abbr.(ifany) | 康佳集团 | ||
| CompanynameinEnglish(ifany) | KONKAGROUPCO.,LTD | ||
| Abbr.(ifany) | KONKAGROUP | ||
| Legalrepresentative | ZhouBin | ||
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 |
IIIOtherInformation
1.ContactInformationoftheCompanyIndicatebytickmarkwhetheranychangeoccurredtotheregisteredaddress,officeaddressandtheirzipcodes,websiteaddressandemailaddressoftheCompanyintheReportingPeriod.
□Applicable√NotapplicableNochangeoccurredtothesaidinformationintheReportingPeriod,whichcanbefoundinthe2020AnnualReport.
2.MediaforInformationDisclosureandPlacewherethisReportisLodgedIndicatebytickmarkwhetheranychangeoccurredtotheinformationdisclosuremediaandtheplaceforlodgingtheCompany’speriodicreportsintheReportingPeriod.
□Applicable√NotapplicableThenewspapersdesignatedbytheCompanyforinformationdisclosure,thewebsitedesignatedbytheCSRCfordisclosingtheCompany’speriodicreportsandtheplaceforlodgingsuchreportsdidnotchangeintheReportingPeriod.Thesaidinformationcanbefoundinthe2020AnnualReport.IVKeyFinancialInformationIndicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
| H12021 | H12020 | Change(%) | |
| Operatingrevenue(RMB) | 21,810,161,873.08 | 17,524,183,896.74 | 24.46% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 85,449,919.57 | 94,701,792.63 | -9.77% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses(RMB) | -710,124,637.85 | -650,010,495.47 | -9.25% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -1,284,761,222.03 | -1,076,366,927.48 | -19.36% |
| Basicearningspershare(RMB/share) | 0.0355 | 0.0393 | -9.67% |
| Dilutedearningspershare(RMB/share) | 0.0355 | 0.0393 | -9.67% |
| Weightedaveragereturnonequity(%) | 1.01% | 1.16% | -0.15% |
| 30June2021 | 31December2020 | Change(%) | |
| Totalassets(RMB) | 51,648,378,528.10 | 49,876,267,493.61 | 3.55% |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 8,276,742,905.90 | 8,428,640,176.97 | -1.80% |
VAccountingDataDifferencesunderChina’sAccountingStandardsforBusinessEnterprises(CAS)andInternationalFinancialReportingStandards(IFRS)andForeignAccountingStandards
1.NetProfitandEquityunderCASandIFRS
□Applicable√Notapplicable
NosuchdifferencesfortheReportingPeriod.
2.NetProfitandEquityDifferencesunderCASandForeignAccountingStandards
□Applicable√NotapplicableNosuchdifferencesfortheReportingPeriod.VIExceptionalGainsandLosses
√Applicable□Notapplicable
Unit:RMB
| Item | Amount | Note |
| Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 268,231,018.80 | |
| Governmentsubsidieschargedtocurrentprofitorloss(exclusiveofgovernmentsubsidiesgivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsasperthegovernment’suniformstandards) | 714,611,090.13 | |
| Gainorlossonfair-valuechangesintradingandderivativefinancialassetsandliabilities&incomefromdisposaloftradingandderivativefinancialassetsandliabilitiesandinvestmentsinotherdebtobligations(exclusiveoftheeffectiveportionofhedgesthatariseintheCompany’sordinarycourseofbusiness) | 74,929,272.98 | |
| Gainorlossonloanentrustments | 36,464,688.55 | |
| Non-operatingincomeandexpenseotherthantheabove | 15,023,790.96 | |
| Less:Incometaxeffects | 229,844,293.22 | |
| Non-controllinginterestseffects(netoftax) | 83,841,010.78 | |
| Total | 795,574,557.42 |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemdefinedorlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
√Applicable□Notapplicable
| Item | Amountinvolved(RMB) | Reason |
| Taxrebatesonsoftware | 6,085,265.89 | GovernmentsubsidiesgivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernment’suniformstandards |
PartIIIManagementDiscussionandAnalysis
IPrincipalActivityoftheCompanyintheReportingPeriod(I)TheConsumerElectronicDivisionThisdivisionprimarilycomprisesthemultimediasub-divisionandthewhitegoodssub-division,withdetailsasfollows:
1.TheMultimediaSub-DivisionTheCompanyprovidesmultimediaproductsandservices,includingcolourTVsandInternetTVservices,forbothdomesticandoverseasmarkets.ThedomesticsalesoftheCompany’scolourTVsarerealizedmainlythroughB2B(Business-to-Business)andB2C(Business-to-Consumer),withitsbranchcompanies,businessdepartmentsandafter-salesmaintenancepointsoperatingacrossthecountry.AndtheCompanyprofitsfromthemarginsbetweenthecostsandthesellingpricesofitscolourTVs.AsforsellingitscolourTVsabroad,theCompanymainlyreliesonB2B.ItscolourTVsaresoldtoAsiaPacific,MiddleEast,Central&SouthAmerica,EastEurope,etc.AndoperatingprofitsourceisalsothedifferencesbetweenthecostsandthesellingpricesofitscolourTVs.InternetbusinessisbasedontheintelligentTVterminalssoldbyourcompany.Itmainlycarriesoutthreeaspectsofbusiness.Firstly,itworkswithotherInternetcompaniestoprovideenduserswith,amongothercontent,video,educational,music,medicalandgamecontenttogenerateearnings.Secondly,itanalysesuserbehavioursandoffercertainfree,interactiveservicestoincreaseattractivenesstousers,promoteitsbrandandstimulatedesireforitshardwareproducts.Finally,itistryingtobuildanInternetTVplatformwithtensofmillionsofusers,onwhichitwillprofitthroughcommercialandapplicationdistribution.ThisInternetTVbusinessiskeytotheCompany’sInternet-orientedtransformationandupgradetoadevelopmentmodelof“hardware+software”and“smartTV+endusers”.AccordingtoAllViewCloud(AVC),inthefirsthalfof2021(2021H1),drivenbyfactorsincludingtheshortsupplyofchipsandpanelsandincreasingsupplyprices,risingaverageretailprices,decreaseduserloyalty,andproducthomogenization,intermsoftheChinesecolorTVmarket,
17.81millionsetsweresoldaccumulatively,downby14.7%year-on-year(YoY).ThesalesamountedtoRMB59.4billion,upby15.1%YoY.
2.TheWhiteGoodsSub-DivisionThewhitegoodsproducedbytheCompanymainlyincluderefrigerators,washingmachines,airconditioners,freezers,etc.,whicharesoldthroughB2BandB2Cmainlytothedomesticmarket.AndtheCompanyprofitsfromthemarginsbetweenthecostsandthesellingpricesofitswhite
goods.TheCompanystrengthenedthefoundationofourwhitegoodsbrandsthroughtheacquisitionoftheFrestecbrand.TheCompanyalsooptimizedtheinternalR&D,production,procurement,sales,andservicesprocessesandintegratedtheexternalchannelresourcestoenablechannelsharingbetweentheupstreamprocurementprocessesanddownstreamsalesprocesses.Bytakingadvantageofthisopportunity,theCompanyimprovedtheproductandsalesstructureandenhancedthemanagementofonlinechannels.Withrespecttowhitegoods,AVCdatademonstratethatduetoalowbaseinthesameperiodoflastyearandtheincreaseinupstreamcosts,theretailsalesreachedRMB176.7billionin2021H1,upby
13.3%YoY.65.75millionsetsweresold,withanincreaseof4.4%YoY.Specifically,theretailsalesofair-conditionersdroppedby5.7%,whilethoseofrefrigeratorsgrewby5.9%.TheYoYincreasesintheretailsalesoffreezers,washingmachines,andclothesdryerswereprominent.(II)TheIndustryTradeBusinessIntheindustrytradebusiness,theCompanybenefitsfrompurchasingandprocessingICchips,LCDscreens,etc.,whicharerawmaterialsinitstraditionalcorebusiness,fromupstreamsuppliersandsellingthemtodownstreamcustomers.TheindustrytradebusinesscanhelptheCompanyestablishgoodrelationshipswithitsupstreamsuppliersanddownstreamcustomers,andkeepitinformedofpricesofthematerialsusedinitsproductionforbettercostcontroloveritsexistingproducts.Additionally,itisabletofacilitatethedevelopmentofthesemiconductorbusinessbyhelpingaccumulatecustomerresourcesforthesemiconductorandchipbusiness,providesaleschannels,andachieveaccuratematchingofmarketdemand,withashortenedproductdevelopmentperiodandalowerriskofmismatchingofR&Dandmarketdemand.(III)TheEnvironmentalProtectionDivisionCurrently,thisbusinessfocusesonwatertreatment,recyclingofrenewableresourcesandthenewmaterialofglassceramic.WaterengineeringPPP(Public-PrivatePartnership)projectsareundertakenunderBOT(Build-Operate-Transfer)orEPC(EnergyPerformanceContracting)models.Renewableresourcesarecollected,sorted,processed,distributedandsold.ThePlanforUrbanSewageTreatmentandRecyclingfor"14thFive-YearPlan"Period,jointlyissuedbytheNationalDevelopmentandReformCommission(NDRC)andtheMinistryofHousingandUrban-RuralDevelopment(MOHURD),highlightedthemaintasksintheenvironmentalprotectionindustryforthe14thFive-YearPlanperiod,includingimprovingthecoordinatedmechanismforwaterpollutionpreventionandcontrol,comprehensivelycontrollingkeybasinsandlakes,urbanwaterbodies,andoffshoreareas,andpushingforwardtheprotectionandrestorationofbeautifulriversandlakes.ThemarketcapacityofChina'ssewagetreatmentindustrywasexpandedsteadilyinthepastthreeyears,thankstotheall-roundsupport,includingthestrongsupportofnationalpolicies,growingcapitalinput,andconstantinnovationoftechnologiesandprocesses.Lookingahead,alongwiththeacceleratingurbanizationandcontinuousindustryprogress,the
quantityofwastewatereffluentwillkeeprising,andthesewagetreatmentdemandwillbefurtherreleased.Thewaterpollutionpreventionandcontrolindustryisconsideredapromisingindustry.(IV)TheSemi-ConductorDivisionCurrently,theCompanyisengagedinstorage,optoelectronics,etc.withrespecttothesemi-conductorbusiness.Instorage,theCompanyprimarilydesignsandmarketsmasterstoragechips,andengageinpackagingandtestingofstorageproducts.Inoptoelectronics,theCompanyprimarilydevelopsMicroLED-relatedproducts.IICoreCompetitivenessAnalysisTheCompany’scorecompetitivenessliesinitsR&Dability,brand,marketingnetworkandhumanresources.Ithasdevelopedathree-levelR&Dsystemof“KonkaResearchInstitute-MultimediaR&DCentre-specializeddesigninstitutes”,establishedartificialintelligenceinternetofthingscomprehensivelaboratoryand5gUltraHDlaboratorywithmajoruniversitiesorscientificresearchinstitutions,establishedacademicianworkstation,andbuiltatechnologyresearchalliancematchingtheindustriallayout,withnearly100corekeytechnologiesandabout150talentsThecompanyhasaR&Dteamofmorethan20people,andhasintroducedtwoprojectsofmicroledandmemorymasterchip,withmorethan100industrytechnicaltalents.Intermsofbrand,thecompanycontinuestopromotebrandstrategyconstruction,systemconstruction,imageconstructionandculturalconstruction,focusesonimprovingthescientificandinternationalimageoftheenterprise,strengthensthebrandstatus,hasacertainbrandawarenessandreputationintheconsumergroup,andhasgoodbrandcreditinbanksandotherfinancingchannels.Intermsofmarketingchannels,thecompanyinnovateschannelreform,cooperatesonlineandofflineforwin-winresults,andstrivesfordevelopmentathomeandabroad.Offlinechannel,thecompanyhasmorethan40branches,morethan200offices,morethan3000after-salesservicestoresinallprovincesandcitiesofChina,andthemarketingandservicenetworkisalloverthecountry;onlinechannel,thecompanyhassettledintmall,Jingdong,Suning,vipshopandothermainstreame-commerceplatformstoinnovateanddeveloplivee-commercebusiness,andseekanewgrowthpoleforbusinessdevelopment;overseaschannel,thecompanyThecompany'sbusinesscoversLatinAmerica,Europe,AsiaPacificandothercountriesandregions,withasoundmarketingnetwork.Thecompanyhasmanyyearsofexperienceinseniormanagementandexecutiveteam.IIIAnalysisofMainBusinesses(I)OverviewIntheReportingPeriod,theCompanyadheredtothedevelopmentstrategyintegrating"technology+industry+industrialpark"andcloselycenteredonthenewmainlineof"semiconductor+newconsumerelectronics(CE)+industrialpark".Itgraspedthedrivingforceoftechnology,exploredthevalueoftheindustry,andregardedindustrialparksasacarrierandplatform.Inaddition,the
Companyearnestlyconductedreforms,transformation,andupgrading.Inlinewithitsstrategicplanning,theCompanymainlycarriedoutthefollowingtasks:
1.TheCompanyhascontinuouslyraiseditsR&Dinputandtechnologyinnovation.IntermsofMicroLEDs,ithasbuiltawhole-procedureMicroLEDR&DandproductionlineandlaunchedMicroLEDswithsmallspacingappliedtowearables,flexibleMicroLEDs,and8KcommercialMicroLEDs.Meanwhile,thehybridmasstransfertechnologydevelopedbythecompanyhasreachedtheadvancedlevelintheindustryinbothtransferefficiencyandyield.Currently,theCompanyhascompletedthesmall-lottrialproductionofMicroLEDchipsandthesmall-andmedium-lottrialproductionofMiniLEDchips.Furthermore,theCompanywontheSecondPrizeofGuangdongScienceandTechnologyProgressAwardbyjointlycompletingtheNew-generationIntelligentVideoBusinessSystemandIndustrialization,theThirdPrizeofAnhuiScienceandTechnologyProgressAwardbyjointlycompletingtheKeyTechnologyR&DandIndustrializationofNewRefrigeratorsBasedonMulti-fieldCoupling,andthe2020ShenzhenPatentAwardforitsLED-basedMulti-functionalControlSystem.
2.IntheReportingPeriod,theCompanyperfectedandpromotedthetraditionalCEbusinessby"advocatinghigh-endbrands,localizeoverseasbusiness,andutilizeintelligentanddiversifiedmanufacturing",andvigorouslyconductedqualityprojects.Additionally,itcloselyfollowedmarketdemands,quicklyoptimizedandupgradedproducts,andlaunchedAPHAEAOLEDV5SeriesTVsandtheKFreshnessSeriesLongFreshness-keepingRefrigerator.
3.TheCompany,integratedindustrywithcitiesandhomes,strovetoexpandnewsci-techparks,givefullplaytotheindustrialclustereffect,anddriveregionalupgrading,inaccordancewiththedevelopmentstrategyof"technology+industry+industrialpark",basedonthedevelopmentofthesci-techindustry.IntheReportingPeriod,theCompanysuccessivelylaunchedtheconstructionprojectsoftheKonkaintelligenthouseholdapplianceheadquartersandtheCentralChinaheadquartersinXi'anandChangsha,andpromotedandcompletedrelevantsci-techparksinconformitywithhighrequirements,standards,andquality.Inthemeantime,itkeptstrengtheninginvestmentattraction,projectconstruction,post-lendingmanagement,andparkoperations,graduallyformeditsparkbrands,andformulatedparkoperationstandardswithitsowncharacteristics.
4.IntheReportingPeriod,theCompanymaintainedagrowthmomentuminthebusiness,provedbyitsYoYincreaseof24.46%inoperatingrevenue.(II)Year-on-yearchangesinkeyfinancialdata:
Unit:RMB
| H12021 | H12020 | Change(%) | Mainreasonforchange | |
| Operatingrevenue | 21,810,161,873.08 | 17,524,183,896.74 | 24.46% | Asthedomesticpandemicwasgraduallyundercontrolandtheindustry |
| Costofsales | 20,817,175,713.78 | 16,268,993,432.88 | 27.96% |
| rebounded,businesswasgraduallybacktonormal. | ||||
| Sellingexpense | 667,662,036.47 | 969,224,381.98 | -31.11% | Thecompanystrictlycontrolsthepublicityfeeandchannelfee. |
| Administrativeexpense | 359,053,667.07 | 440,915,780.44 | -18.57% | |
| Financecosts | 459,415,782.71 | 387,040,866.75 | 18.70% | |
| Incometaxexpense | 84,263,268.37 | 73,425,522.47 | 14.76% | |
| R&Dinvestments | 284,663,467.26 | 258,049,586.29 | 10.31% | |
| Netcashgeneratedfrom/usedinoperatingactivities | -1,284,761,222.03 | -1,076,366,927.48 | -19.36% | |
| Netcashgeneratedfrom/usedininvestingactivities | -1,785,387,038.28 | -142,693,107.96 | -1,151.21% | Increaseincashpaymentsforinvestments |
| Netcashgeneratedfrom/usedinfinancingactivities | 3,939,565,440.45 | 1,256,220,908.63 | 213.60% | Decreaseindebtrepayments |
| Netincreaseincashandcashequivalents | 861,929,112.82 | 44,203,902.08 | 1,849.89% | Mainlyduetothenetinflowofcashflowfromfinancingactivities. |
MaterialchangestotheprofitstructureorsourcesoftheCompanyintheReportingPeriod:
□Applicable√NotapplicableNosuchchanges.Breakdownofoperatingrevenue:
Unit:RMB
| H12021 | H12020 | Change(%) | |||
| Operatingrevenue | As%oftotaloperatingrevenue(%) | Operatingrevenue | As%oftotaloperatingrevenue(%) | ||
| Total | 21,810,161,873.08 | 100% | 17,524,183,896.74 | 100% | 24.46% |
| Byoperatingdivision | |||||
| Electronics | 6,262,070,661.11 | 28.71% | 5,944,882,118.18 | 33.92% | 5.34% |
| Industrytrade | 12,184,495,984.54 | 55.87% | 9,566,197,970.86 | 54.59% | 27.37% |
| Environmentalbusiness | 2,724,186,133.96 | 12.49% | 1,498,623,593.33 | 8.55% | 81.78% |
| Semiconductor | 241,973,760.06 | 1.11% | 223,849,167.50 | 1.28% | 8.10% |
| Other | 397,435,333.41 | 1.82% | 290,631,046.87 | 1.66% | 36.75% |
| Byproductcategory | |||||
| ColorTVs | 3,190,601,881.06 | 14.63% | 3,218,278,547.14 | 18.36% | -0.86% |
| Whitegoods | 1,752,194,252.46 | 8.03% | 1,918,628,399.97 | 10.95% | -8.67% |
| Industrytrade | 12,184,495,984.54 | 55.87% | 9,566,197,970.86 | 54.59% | 27.37% |
| Environmentalbusiness | 2,724,186,133.96 | 12.49% | 1,498,623,593.33 | 8.55% | 81.78% |
| Semiconductor | 241,973,760.06 | 1.11% | 223,849,167.50 | 1.28% | 8.10% |
| Other | 1,716,709,861.00 | 7.87% | 1,098,606,217.94 | 6.27% | 56.26% |
| Byoperatingsegment | |||||
| Overseas | 11,317,853,852.95 | 51.89% | 10,681,530,016.92 | 60.95% | 5.96% |
| Domestic | 10,492,308,020.13 | 48.11% | 6,842,653,879.82 | 39.05% | 53.34% |
Operatingdivision,productcategoryoroperatingsegmentcontributingover10%ofoperatingrevenueoroperatingprofit:
√Applicable□Notapplicable
Unit:RMB
| Operatingrevenue | Costofsales | Grossprofitmargin | YoYchangeinoperatingrevenue(%) | YoYchangeincostofsales(%) | YoYchangeingrossprofitmargin(%) | |
| Byoperatingdivision | ||||||
| Electronics | 6,262,070,661.11 | 5,762,383,881.2 | 7.98% | 5.34% | 13.09% | -6.31% |
| Industrytrade | 12,184,495,984.54 | 12,079,110,369.50 | 0.86% | 27.37% | 28.19% | -0.64% |
| Environmentalbusiness | 2,724,186,133.96 | 2,439,448,446.23 | 10.45% | 81.78% | 82.34% | -0.28% |
| Byproductcategory | ||||||
| ColorTVs | 3,190,601,881.06 | 3,017,183,364.20 | 5.44% | -0.86% | 10.00% | -9.33% |
| Whitegoods | 1,752,194,252.46 | 1,608,490,566.46 | 8.20% | -8.67% | -2.57% | -5.75% |
| Environmentalbusiness | 2,724,186,133.96 | 2,439,448,446.23 | 10.45% | 81.78% | 82.34% | -0.28% |
| Industrytrade | 12,184,495,984.54 | 12,079,110,369.50 | 0.86% | 27.37% | 28.19% | -0.64% |
| Byoperatingsegment | ||||||
| Domestic | 10,492,308,020.13 | 9,663,603,370.15 | 7.90% | 53.34% | 67.18% | -7.63% |
| Overseas | 11,317,853,852.95 | 11,153,572,343.63 | 1.45% | 5.96% | 6.34% | -0.36% |
CorebusinessdataoftheprioryearrestatedaccordingtothechangedstatisticalcaliberfortheReportingPeriod:
□Applicable√NotapplicableAnyover30%YoYmovementsinthedataaboveandwhy:
√Applicable□NotapplicableThechangeinrevenueoftheenvironmentalbusinesswasprimarilydrivenbygrowthinrevenue
fromenvironmentalengineeringandsteelscrap.Thechangeindomesticrevenuewasprimarilybecauseasthedomesticpandemicwasgraduallyundercontrolandtheindustryrebounded,businesswasgraduallybacktonormal.IVAnalysisofNon-CoreBusinesses
√Applicable□Notapplicable
Unit:RMB
| Amount | As%oftotalprofit | Source/Reason | Recurrentornot | |
| Returnoninvestment | 322,244,312.89 | 184.12% | Transferofequityinvestmentsincertainsubsidiariesintheperiod | Notrecurrent |
| Gain/lossonchangesinfairvalue | 40,362,513.73 | 23.06% | Notrecurrent | |
| Assetimpairments | -29,538,732.82 | -16.88% | Notrecurrent | |
| Non-operatingincome | 21,618,277.79 | 12.35% | Notrecurrent | |
| Non-operatingexpense | 6,793,873.14 | 3.88% | Notrecurrent |
VAnalysisofAssetsandLiabilities
1.MaterialChangesinAssetComposition
Unit:RMB
| 30June2021 | 31December2020 | Changeinpercentage(%) | Reasonformaterialchange | |||
| Amount | As%oftotalassets | Amount | As%oftotalassets | |||
| Monetaryassets | 5,808,945,725.97 | 11.25% | 5,431,530,180.90 | 10.89% | 0.36% | |
| Accountsreceivable | 4,549,591,026.59 | 8.81% | 3,900,897,623.59 | 7.82% | 0.99% | |
| Contractassets | 3,278,002,380.34 | 6.35% | 2,870,006,710.39 | 5.75% | 0.60% | |
| Inventories | 5,159,261,206.91 | 9.99% | 4,521,300,677.41 | 9.07% | 0.92% | |
| Investmentproperty | 517,599,145.62 | 1.00% | 538,585,668.29 | 1.08% | -0.08% | |
| Long-termequityinvestments | 4,465,804,131.62 | 8.65% | 4,375,833,584.65 | 8.77% | -0.12% | |
| Fixedassets | 3,355,378,019.70 | 6.50% | 3,178,642,017.84 | 6.37% | 0.13% |
| Constructioninprogress | 10,099,450,528.06 | 19.55% | 9,236,643,931.68 | 18.52% | 1.03% |
| Right-of-useassets | 91,722,023.03 | 0.18% | - | ||
| Short-termborrowings | 10,660,328,520.00 | 20.64% | 10,990,550,475.78 | 22.04% | -1.40% |
| Contractliabilities | 809,414,528.15 | 1.57% | 1,217,367,735.94 | 2.44% | -0.87% |
| Long-termborrowings | 7,881,025,148.48 | 15.26% | 5,964,748,997.54 | 11.96% | 3.30% |
| Leaseliabilities | 68,784,148.21 | 0.13% | - | ||
| Currentportionofnon-currentliabilities | 4,327,184,538.69 | 8.38% | 376,896,566.29 | 0.76% | 7.62% |
| Bondspayable | 2,992,708,333.32 | 5.79% | 4,993,212,788.32 | 10.01% | -4.22% |
2.MajorAssetsOverseas
□Applicable√Notapplicable
3.AssetsandLiabilitiesatFairValue
√Applicable□Notapplicable
Unit:RMB
| Item | Beginningamount | Gain/lossonfair-valuechangesintheReportingPeriod | Cumulativefair-valuechangeschargedtoequity | ImpairmentallowancefortheReportingPeriod | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Otherchanges | Endingamount |
| Financialassets | ||||||||
| 1.Tradingfinancialassets(derivativefinancialassetsexcluded) | 618,249,541.66 | 3,691,020.84 | 621,940,562.50 | |||||
| 2.Derivativefinancialassets | ||||||||
| 3.Otherdebt |
| investments | |||||||
| 4.Investmentsinotherequityinstruments | 25,343,293.16 | 25,343,293.16 | |||||
| Subtotaloffinancialassets | 643,592,834.82 | 3,691,020.84 | 621,940,562.50 | 25,343,293.16 | |||
| Investmentproperty | |||||||
| Productivelivingassets | |||||||
| Others | 1,962,211,994.20 | 6,010,580.92 | 326,778,896.86 | 141,990,945.19 | 2,153,010,526.79 | ||
| Totaloftheabove | 2,605,804,829.02 | 9,701,601.76 | 326,778,896.86 | 763,931,507.69 | 2,178,353,819.95 | ||
| Financialliabilities |
Otherchanges
Unit:RMB
| Item | Beginningamount | Gain/lossonfair-valuechangesintheReportingPeriod | Cumulativefair-valuechangeschargedtoequity | ImpairmentallowancefortheReportingPeriod | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Otherchanges | Endingamount |
| Othernon-currentfinancialassets | 1,878,154,796.76 | 6,010,580.92 | 215,403,755.99 | 57,933,747.75 | 2,041,635,385.92 | |||
| Receivablesfinancing | 84,057,197.44 | 111,375,140.87 | 84,057,197.44 | 111,375,140.87 |
SignificantchangestothemeasurementattributesofthemajorassetsintheReportingPeriod:
□Yes√No
4.RestrictedAssetRightsasatthePeriod-End
| Item | Endingcarryingvalue(RMB) | Reasonforrestriction |
| Monetaryassets | 648,960,499.91 | Amongthem,RMB543,742,698.80ismargindeposit,pledgeisusedforborrowingorissuingbankacceptancebill,RMB34,559,081.12isfinancialsupervisionaccountfund;RMB63,213,179.74isfixeddepositthatcannotbewithdrawninadvance;RMB7,445,540.25isrestrictedduetootherreasons. |
| Notesreceivable | 693,159,230.21 | TheCompanyusesthebankacceptancebillwithbookvalueofRMB693,159,230.21aspledgeforcomprehensivefinancingbusinesssuchasissuingbankacceptancebill,letterofcredit,letterofguarantee,tradefinancing,etc. |
| Investmentproperty | 140,612,795.31 | Ascollateralforloan |
| Fixedassets | 687,463,055.62 | Ascollateralforloan,financeleaseandguarantee |
| Constructioninprogress | 317,974,560.85 | Ascollateralforloan |
| Intangibleassets | 397,262,395.64 | Ascollateralforloan,financeleaseandguarantee |
| Long-termreceivables | 350,937,230.14 | Aspledgeforloan |
| Total | 3,236,369,767.68 |
VIInvestmentsMade
1.TotalInvestmentAmount
√Applicable□Notapplicable
| TotalinvestmentamountintheReportingPeriod(RMB) | Totalinvestmentamountinthesameperiodoflastyear(RMB) | Change |
| 2,768,943,435.03 | 1,709,994,661.79 | 61.93% |
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 | 22,844,500.00 | 241,864,500.00 | Self-funded | N/A | 11March2017 | http://www.cninfo.com.cn/new/index | |||
| SuiningKonkaElectronicTechnologyIndustrialPark | Self-build | Yes | Electronicindustry | 80,752,162.46 | 266,537,304.53 | Self-funded | N/A | 17October2018 | ||||
| Konka | Self- | Yes | Electr | 119,214 | 602,415,9 | Self-f | N/A | 25 |
| ChuzhouSmartAppliancesandEquipmentIndustrialPark | build | onicindustry | ,464.67 | 39.67 | unded | December2018 | |||||
| ChongqingKonkaSemiconductorPhotoelectricIndustrialPark | Self-build | Yes | Electronicindustry | 53,065,687.92 | 156,508,175.19 | Self-funded | N/A | 14June2019 | |||
| YanchengSemiconductorAssembly&TestBase | Self-build | Yes | Electronicindustry | 64,018,985.46 | 64,819,649.46 | Self-funded | N/A | 26November2019 | |||
| KonkaIntelligentTerminalManufacturingBaseforExport | Self-build | Yes | Electronicindustry | 19,831,506.95 | 28,070,706.95 | Self-funded | N/A | 6June2020 | |||
| FrestecRefrigerationPark | Self-build | Yes | Electronicindustry | 1,123,664.00 | 97,807,339.61 | Self-funded | N/A | 21July2020 | |||
| Xi’anKonkaSmartAppliancesHeadquartersProject | Self-build | Yes | Electronicindustry | 0 | 0 | Self-funded | N/A | 10February2021 | |||
| Total | -- | -- | -- | 360,850,971.46 | 1,458,023,615.41 | -- | -- | -- | -- | -- |
Note:KonkaChuzhouSmartAppliancesandEquipmentIndustrialParkhasobtainedprojectland,andinfrastructurehasbeencompleted(installationanddebugginghasbeencompletedforcertainproductionlinesandequipmentofAnkangsmartfactory).Someproductionlines,equipmentandinstrumentsofYanchengSemiconductorAssembly&TestBasearebeingdebuggedtoprepareforformalproduction.RegardingDongguanKonkaIntelligentIndustrialPark,ChongqingKonkaSemiconductorPhotoelectricIndustrialPark,SuiningKonkaElectronicTechnologyIndustrialPark,andKonkaIntelligentTerminalManufacturingBaseforExport,projectlandhasbeenobtainedandconstructionbegins.AsforXi’anKonkaSmartAppliancesHeadquartersProject,itisatastageofpreparation.
4.FinancialInvestments
(1)SecuritiesInvestments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(2)InvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIISaleofMajorAssetsandEquityInvestments
1.SaleofMajorAssets
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.SaleofMajorEquityInvestments
√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 |
| YantaiHuayiKangqiaoRealEstateCo.,Ltd. | 17%interestinYantaiKangyunIndustrialDevelopmentCo.,Ltd. | 31Mar.2021 | 3,451 | -9.30 | OptimizingtheCompany’sallocationofassets,increasingcapitalliquidity | 109.72% | Valuation | No | No | Yes | N/A | 14January2021 | http://www.cninfo.com.cn/new/index |
| Shanghai | 39%interest | 13Apr. | 7,478 | 0 | Optimizingthe | 35.50% | Valuation | No | No | Yes | N/A | 2Mar. |
| SongpuEnterpriseManagementCo.,Ltd. | inShanghaiKonkaGreenTechnologyCo.,Ltd. | 2021 | Company’sallocationofassets,increasingcapitalliquidity | 2021 | ||||||||
| XinxiangJiantengRealEstateDevelopmentCo.,Ltd. | 51%interestinShenzhenKangxinPropertyCo.,Ltd. | 17Jun.2021 | 10,442 | -705.34 | OptimizingtheCompany’sallocationofassets,increasingcapitalliquidity | 75.46% | Valuation | No | No | Yes | N/A | 27Mar.2021 |
VIIIPrincipalSubsidiariesandJointStockCompanies
√Applicable□NotapplicablePrincipalsubsidiariesandjointstockcompanieswithanover10%effectontheCompany’snetprofit:
Unit:RMB
| Name | RelationshipwiththeCompany | Principalactivity | Registeredcapital | Totalassets | Netassets | Operatingrevenue | Operatingprofit | Netprofit |
| ShandongEconTechnologyCo.,Ltd.(Consolidated) | Subsidiary | Publicservice-watermanagement | RMB164,000,000 | 14,942,559,601.76 | 1,709,247,396.00 | 987,086,128.04 | 146,681,624.08 | 128,453,230.52 |
| AnhuiKongkaElectronicCo.,Ltd. | Subsidiary | Productionandsaleofelectronics | RMB140,000,000 | 3,690,534,934.05 | 650,661,601.90 | 1,806,868,590.94 | 46,276,410.97 | 39,162,542.61 |
| E2info | Subsidiary | Internetandrelated | RMB20,174,070.81 | 553,956,780.55 | 415,500,435.15 | 234,615,129.51 | 113,598,977.66 | 96,479,893.87 |
SubsidiariesobtainedordisposedofintheReportingPeriod:
√Applicable□Notapplicable
| Subsidiary | HowsubsidiarywasobtainedordisposedintheReportingPeriod | Effectsonoveralloperationsandoperatingperformance |
| ChongqingKangleiOptoelectronicTechnologyCo.,Ltd. | De-registered | Forbetterallocationofassets |
| HenanKangxinPropertyCo.,Ltd. | De-registered | |
| NantongHongdinSmartTechnologyCo.,Ltd. | Newlyincorporated | BeneficialtothedevelopmentoftheCompany’srelevantbusiness |
| ChuzhouKonkaPrecisionIntelligentManufacturingTechnologyCo.,Ltd. | Newlyincorporated | |
| Xi'anHuashengJiachengPropertyCo.,Ltd. | Newlyincorporated | |
| SuiningKonkaSoftElectronicTechnologyCo.,Ltd. | Newlyincorporated | |
| SuiningKonkaHongyeElectronicCo.,Ltd. | Newlyincorporated | |
| KowinMemoryTechnology(HongKong)Co.,Limited | Newlyincorporated | |
| KonkaIndustrialandTradeTechnology(Shenzhen)Co.,Ltd. | Newlyincorporated | |
| KonkaHuazhong(Hunan)TechnologyCo.,Ltd. | Newlyincorporated | |
| YibinKangrunMedicalWasteCentralizedTreatmentCo.,Ltd. | Newlyincorporated | |
| YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. | Newlyincorporated | |
| KangrunchengEnvironmentalTechnology | Newlyincorporated |
| services | ||||||||
| HongKongKonkaCo.,Ltd. | Subsidiary | Export&importofelectromechanicalandelectronics | HKD500,000 | 2,739,505,284.38 | 300,611,258.28 | 1,652,745,518.47 | 74,845,278.16 | 62,111,963.10 |
| ShenzhenWankaidaScienceandTechnologyCo.,Ltd. | Subsidiary | Softwaredesignandtechnologydevelopment | RMB10,000,000 | 112,526,307.52 | 109,488,027.22 | 29,631,160.00 | 26,720,092.73 | 22,580,956.32 |
| (Yantai)Co.,Ltd. | ||
| ShaanxiKonkaIntelligentApplianceCo.,Ltd. | Newlyincorporated | |
| KangxinSemiconductor(Yantai)Co.,Ltd. | Newlyincorporated | |
| YantaiKangyunIndustrialDevelopmentCo.,Ltd. | Equitytransfer | BeneficialtothedevelopmentoftheCompany’srelevantbusinessandbringaboutacertainamountofgains |
| YantaiKangyunPropertyDevelopmentCo.,Ltd. | Equitytransfer | |
| ShenzhenKangxinPropertyCo.,Ltd. | Equitytransfer | |
| HenanKanghanPropertyCo.,Ltd. | Equitytransfer |
Informationaboutprincipalsubsidiariesandjointstockcompanies:
NoneIXStructuredBodiesControlledbytheCompany
□Applicable√NotapplicableXRisksFacingtheCompanyandCountermeasuresInregardtotheCEbusiness,colorTVs,whitehouseholdappliances,andmobileshaveenteredastockmarket.Theindustryisfacingabottleneckandfiercecompetition.Consequently,theCompany'sbusinessperformanceintheCEbusinessfellslightly.TheCompanywilladoptmultiplemeasures,suchasraisingR&Dinput,acceleratingresultconversion,integratingupstreamanddownstreamresources,intensifyingbusinesscoordination,activelyimprovingthesalesstructure,andpromotinghigh-endbrands.Inaddition,itwillendeavortoenhanceitsproductcompetitiveness,reinforceitsintelligentmanufacturing,continuetoexpandoverseasbusiness,improveuseroperations,andreinforceinternalmanagementinordertoproactivelymitigaterisks.Asforthesemi-conductorbusiness,facingtheincreasingR&DspendinganduncertaintiesintheR&Dresults,theCompanywillstepupefforttoexpandbusinessintheareasofstorage,optoelectronicsandsemi-conductorapplicationandservice,andmakeactivestepstobreakthroughthetechnologicalbottleneckofMicroLEDbusinesstowardsfasterconversionandoutputoftechnology.
PartIVCorporateGovernanceIAnnualandExtraordinaryGeneralMeetingConvenedduringtheReportingPeriod
1.GeneralMeetingsConvenedduringtheReportingPeriod
| Meeting | Type | Investorparticipationratio | Dateofthemeeting | Dateofdisclosure | Resolutionsofthemeeting |
| TheFirstExtraordinaryGeneralMeetingof2021 | ExtraordinaryGeneralMeeting | 24.48% | 15Mar.2021 | 16Mar.2021 | AnnouncementNo.2021-15ontheResolutionsoftheFirstExtraordinaryGeneralMeetingof2021ofKonkaGroupCo.,Ltd.,disclosedonhttp://www.cninfo.com.cn/new/index |
| The2020AnnualGeneralMeeting | AnnualGeneralMeeting | 24.42% | 19Apr.2021 | 20Apr.2021 | AnnouncementNo.2021-37ontheResolutionsofthe2020AnnualGeneralMeetingofKonkaGroupCo.,Ltd.,disclosedonhttp://www.cninfo.com.cn/new/index |
2.ExtraordinaryGeneralMeetingsConvenedattheRequestofPreferenceShareholderswithResumedVotingRights
□Applicable√NotapplicableIIChangeofDirectors,SupervisorsandSeniorManagement
√Applicable□Notapplicable
| Name | Officetitle | Typeofchange | Dateofchange | Reasonforchange |
| WangYoulai | ChairmanoftheSupervisoryCommittee,supervisor | Retired | 15Mar.2021 | Retired |
| CaiWeibin | Supervisor | Elected | 15Mar.2021 | Electedassupervisorbythegeneralmeeting |
| CaiWeibin | ChairmanoftheSupervisoryCommittee | Elected | 15Mar.2021 | ElectedasChairmanoftheSupervisoryCommitteebytheSupervisoryCommittee |
IIIInterimDividendPlan
□Applicable√NotapplicableTheCompanyhasnointerimdividendplan,eitherintheformofcashorstock.
IVEquityIncentivePlans,EmployeeStockOwnershipPlansorOtherIncentiveMeasuresforEmployees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
PartVEnvironmentalandSocialResponsibility
IMajorEnvironmentalIssuesIndicatebytickmarkwhethertheCompanyoranyofitssubsidiariesisidentifiedasamajorpolluterbytheenvironmentalprotectionauthorities.
√Yes□No
| Nameofpolluter | Nameofmajorpollutants | Wayofdischarge | Numberofdischargeoutlets | Distributionofdischargeoutlets | Dischargeconcentration | Dischargestandardsimplemented | Totaldischarge | Approvedtotaldischarge | Excessivedischarge |
| XingDaHongYe | Pollutionsourcesofwastewater:PH,totalcopper,COD,ammonianitrogen,totalnitrogen,totalphosphorus,totalcyanide,totalnickel,totaliron,totalaluminum,petroleum,suspendedsolids | Dischargeofstationarypollutionsources | 1 | Maindischargeoutletofthewastewaterstation | PH6-9;totalcopper≤0.3mg/L;COD≤50mg/L;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 | GB21900-2008DischargeStandardForPollutantsFromElectroplating | 0.4485milliontons/year | Totaldischarge448,500tons/year;pollutantCOD19.061250tons/year;ammonianitrogen3.0498tons/year;totalnitrogen32.9792tons/year;totalphosphorus0.2082tons/year | None |
| wastegaspollutants:sulfuric | Dischargeof | 14 | Threeontheroofof | sulfuricacidfume≤30mg/m3;nitrogen | EmissionStandardforElectroplatingPollutants | 2,986,560,000 | Totaldischarge:2,986,560,000 | None |
| acidfume,hydrogenchloride,formaldehyde,hydrogencyanide,nitrogenoxide,ammonia,benzene,toluene+xylene,TVOC,tinanditscompounds,PM(dust) | stationarypollutionsources | plant1,tenontheroofofplant2andoneontheroofofthecanteen | oxide≤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 | GB21900-2008AirEmissionLimitsTable5,EmissionstandardofVolatileOrganicCompoundsforPrintingIndustryDB44/815-2010;GuangdongAirPollutantEmissionStandardDB44/27-2001theSecondLevelStandardintheSecondPeriod,EmissionstandardforOdorPollutants(GB14554-1993)Table2Standard | standardcube/year | standardcube/year(note:thetotaldischargeisnotstatedinthelatestversionofnationaldischargepermitin2021;twoexhausttowerswereaddedin2021;calculatedbasedonairvolumeinenvironmentalimpactassessment) | |||
| BoluoKonkaandBoluoKonkaPrecision | Wastewaterpollution:PH,copper,COD,ammonianitrogen,totalnitrogen,totalphosphorus | Dischargeofstationarypollutionsources | 1 | Maindischargeoutletofthewastewaterstation | 1.Emissionstandardforpollutiondischargecertificate:copper≤0.5mg/L;COD≤80mg/L;ammonianitrogen≤15mg/L;totalnitrogen≤20mg/L;totalphosphorus≤1mg/L;2.localemissionstandard:copper≤0.5mg/L;COD≤30mg/L;ammonianitrogen≤1.5mg/L;totalnitrogen≤10mg/L;total | 1.Dischargestandardofdischargepermit:DischargeStandardofElectroplatingWaterPollutantforElectroplatingDB44/1597-2015Table1PearlRiverDeltaDischargeStandard;2.Localdischargestandard:BFBH[2019]No.58Document:COD,ammonianitrogen,totalphosphorusbasedon"EnvironmentalQualityStandardsforSurfaceWater | 318,300tons/yearNote:accordingtodischargepermit | Totaldischargeamountis318,300tons/year;CODis25.464tons/year;ammonianitrogenis4.775tons/year;totalnitrogenis4.8tons/year.Note:accordingtothedischargecertificate | None |
| phosphorus≤0.3mg/L | GB3838-2002"CategoryIVwaterstandard,thetotalnitrogendischargereaches50%ofdischargelimitrequirementofthecorrespondingindustry | |||||||
| wastegaspollutants:sulfuricacidfume,hydrogenchloride,formaldehyde,hydrogencyanide,nitrogenoxide,ammonia,benzene,methylbenzene,TVOC,tinanditscompounds,PM(dust),oilfume | Dischargeofstationarypollutionsources | 20 | Sixontheroofofplant1,thirteenontheroofofplant2andoneinsewagestation | sulfuricacidfume≤30mg/m3；nitrogenoxide≤200mg/m3；hydrogenchloride≤30mg/m3；TVOC≤90mg/m3；benzene≤12mg/m3；methylbenzen≤40mg/m3；dimethylbenzene≤70mg/m3；tinanditscompounds≤8.5mg/m3；PM（dust）≤120mg/m3；oilfume≤2mg/m3 | EmissionStandardforElectroplatingPollutantsGB21900-2008AirEmissionLimitsTable5,GuangdongAirPollutantEmissionStandardDB44/27-2001theSecondLevelStandardintheSecondPeriod,EmissionstandardforOdorPollutants(GB14554-1993)Table2Standard,Emissionstandardofcookingfume(GB18483-2001) | / | Thetotaldischargeisnotstatedinthelatestversionofnationaldischargepermitin2020 | None |
(I)Theconstructionofanti-pollutionfacilitiesanditsoperationsituation
1.XingDaHongYeAllproductionequipmentofGuangdongXingdaHongyeElectronicsCo.,Ltd.hasbeensetupwithsupportingenvironmentalprotectionfacilitiesaccordingtotherequirementsofenvironmentalimpactassessment.Thedischargeofwastewater,wastegasandnoiseaswellasthedisposalofallsolidwastesintheCompanyallmetthestandardsduringtheReportingPeriod.ThesewagetreatmentcentreofGuangdongXingdaHongyeElectronicsCo.,Ltd.withaninvestmentofaboutRMB15millionwasformallyputintoproductioninJune2007,andthetreatmentcapacityofthesewagetreatmentfacilitywas2,566tons/day.Aftertechnicalimprovementandexpansion,thecapacityincreasedto2,900tons/daywiththetreatmentprocessremainingunchanged.Currently,thesewagetreatmentfacilitiesarefunctioningwellandthemainpollutantdischargemeetsthedischargestandardsandenvironmentalassessmentstandards.ThepollutantsaredischargedtoFushachongafterbeingtreatedattheself-builtsewagetreatmentstation.
2.BoluoKonkaandBoluoKonkaPrecisionAllproductionequipmentofBoluoKonkaandBoluoKonkaPrecisionhasbeenreportedforenvironmentalassessment,reviewandapproval.Thesupportingenvironmentalprotectionandpollutioncontrolfacilitieshavebeendesignedbypollutanttypeandconcentrationandeffectivelyoperatedinatargetedmanner.DuringtheReportingPeriod,thedischargestandardsweremetintermsofindustrialwastewater,exhaustandfactorynoise,andallindustrialwastegeneratedwasdisposedofincompliancewithenvironmentallawsandregulations.BoluoKonkawasestablishedin2000.TomanufacturesinglesidedPCBs,itinvestedapproximatelyRMB5millioninconstructingasewagetreatmentstationwithoutthebiochemicaltreatmentfunctionandfeaturingadischargecapacityof300tonsperday.In2007,BoluoKonkaexpandeditsfactorybystartingthePhaseIIproject,whichwassubmittedforenvironmentalassessmentasBoluoKonkaPCBDoubleSidedandMulti-LayerPCBProject(latertheprojectownerwaschangedintoBoluoKonkaPrecision).ItspentaboutRMB10milliononconstructingthePhaseIIsewagetreatmentstationtoaddthebiochemicaltreatmentfunctionwithadischargecapacityof800tonsperday.In2019,accordingtotherequirementsinthedocumentsissuedbyBoluoCountyEcologyandEnvironmentBureau,thetwosewagetreatmentstationsofBoluoKonkaandBoluoKonkaPrecisionmustbeupgradedtowardshigherstandards.Throughcomprehensiveassessmentoftheprofessionalenvironmentalprotectioncompany,itwasdecidedthatthesewagetreatmentstationsofthesaidcompaniesbecombinedtomeettheupgradingrequirements.BoluoCountyEcologyandEnvironmentBureauapprovedthecombinationofthedischargeoutletsoftheaforementionedcompanies,andBoluoKonkawouldappointBoluoKonkaPrecisiontotreatsewage.Afterthecombination,thedischargecapacitywouldreach1,100tonsperday.TheaforementionedcompaniesspentaboutRMB20millionbetween2019and2020onupgradingthesewagetreatmentstationstowardshigherstandards,andaddedindustrialadvancedprocessesandtreatmentsystems,suchasROwatertreatment,FentonoxidationandMBRfilms.Afterthetechnologicalimprovementsandexpansion,thesewagetreatmentreaches2,200tonsperday(withadischargecapacityof1,100tonsperday)withareuserateofmorethan60%.Atpresent,thewastewatertreatmentfacilitiesareoperatingingoodconditions;thedischargeofmajorpollutantsmeetsthedischargestandards.Afteradvancedtreatmentofthewaterreusefacilities,thewatertreatedbythesewagestationsthatmeetsthestandardswillbereusedintheplants,whiletheremainingwaterwillbedischargedtothemunicipalpipenetworktobeprocessedbytheurbanandruralwatertreatmentfactorybeforebeingdischargedtotheDongjiangRiver.(II)Environmentalimpactassessmentandotherenvironmentalprotectionadministrativelicensesoftheconstructionproject
1.XingDaHongYeGuangdongXingdaHongyeElectronicsCo.,Ltd.obtainedtheapprovalfromZhongshanEnvironmentalProtectionBureau(ZHJ[2004]No.61)fortheoperationsandconstructionherein2004.Subsequently,itobtainedthedocumentsofZHJD[2008]No.06250andZHJD[2010]No.04469respectivelyin2008and2010.Aftertheoperationsofitsoriginalproject,GuangdongXingdaHongyeElectronicsCo.,Ltd.passedthetwophasesofacceptanceassessment,includingthePhaseIacceptanceassessmentin2008(HY[2008]No.02)andthePhaseIIacceptanceassessmentin2012(ZHYBG[2012]No.000092).InDecember2012,GuangdongXingdaHongyeElectronicsCo.,Ltd.commissionedZhongshan
ResearchInstituteofEnvironmentalProtectionSciencetoconducttheassessmentofenvironmentalimpactforthetechnicalimprovementandexpansionprojectofGuangdongXingdaHongyeElectronicsCo.,Ltd.On31December2012,itobtainedtheapprovaldocumenttitledReplytotheReportontheEnvironmentalImpactoftheTechnicalImprovementandExpansionProjectofGuangdongXingdaHongyeElectronicsCo.,Ltd.(ZHJS(2012)No.115)fromZhongshanEnvironmentalProtectionBureau.Thedocumentgrantedtheapprovalforadditionoftheproductionofsix-layerPCB,eight-layerPCBandaboveandHDIboardsandforreductionoftheproductionofsingle-sidedPCB.Afterthetechnicalimprovementandexpansion,thetotalproductioncapacityofsingle-sidedPCBwouldbe200,000m
/year,ofdouble-sidedPCBwouldbe250,000m
/year,offour-layerPCBwouldbe300,000m
/year,ofsix-layerPCBwouldbe200,000m
/year,ofeight-layerPCBandabovewouldbe150,000m
/yearandofHDIboardswouldbe100,000m
/year.Intheproject,whiletheoriginalplatingequipmentandprocessesremainedunchanged,thebrownoxideprocesswasaddedtotheoriginalproductionprocess;alltheincreasedplatingcapacitywouldbeoutsourced.Thetechnicalimprovementandexpansionprojectwascommencedin2013andcompletedinJanuary2018.Thecommissioningwascarriedoutfrom10February2018to8July2018.Theconstructionoftheprojectcompliedwiththerequirementsforenvironmentalimpactassessmentandmetthecriteriafortheacceptanceofenvironmentalprotectionforthecompletionofconstructionprojects.In2021,theCompanyrenewed/changedthestatesewagepermit,certificateNo.:91442000768405216J001P.
2.BoluoKonkaandBoluoKonkaPrecisionIn2000,BoluoKonkaobtainedtheapprovalfromtheHuizhouMunicipalEcologyandEnvironmentBureau(HSHJ[2000]No.23).Theprojectwascompletedandputintooperationinthesameyear.ThepollutantdischargepermitNo.is91441322721121283N001U.InJanuary2007,BoluoKonkaappointedHuizhouInstituteofEnvironmentalSciencestoconducttheenvironmentalimpactassessementoftheBoluoKonkaExpansionProject.OnFebruary8,2007,BoluoKonkareceivedtheDocumentofApprovalfortheEnvironmentalImpactReportontheProjectofBoluoKonkaDoubleSidedandMulti-LayerBoards(HSHJ[2007]No.J32).AccordingtotheDocument,approvalwasgiventotheadditionofdoublesidedandmulti-layercircuitboardsintheprojectexpansion.Theproductioncapacityforsinglesidedcircuitboardswouldreach1millionsquaremetersperyear,anddoublesidedandmulti-layercircuitboardswouldreach650,000squaremetersperyearaftertheprojectexpansion.Inaddition,electroplatingequipmentandprocesswouldbeaddedintheexpansionproject.Theconstructionoftheprojectmettheenvironmentalassessmentrequirementsandsatisfiedtheconditionsfortheenvironmentalprotectionintheprojectinspectionandacceptance.Thepollutantdischargepermitwasobtainedinthesameyear.TheaforementionedprojectwaslaterrenamedasBoluoKonkaPrecision.In2020,BoluoKonkaPrecisionobtainedthenationalpollutantdischargepermitwiththepermitNo.91441322799316208F001V.(III)Contingencyplanforemergentenvironmentalincident
1.XingDaHongYeInstrictaccordancewithrequirementsoflaws,regulationsandrelevantdocuments,suchasLawofthePeople’sRepublicofChinaonEmergencyResponseandInterimMeasuresonEnvironmentalEmergencyResponsePlan,GuangdongXingdaHongyeElectronicsCo.,Ltd.hasestablishedriskpreventionmeasuresandemergencyresponseplans,keptitsemergencyequipmentinanormalstate,formulatedtheContingencyPlanforEmergentEnvironmentalIncident,andputonrecordsat
ZhongshanEnvironmentalProtectionBureau,GuangdongProvince,recordNo.:4420002017044M.Inaddition,theCompanyconductsadrillofmajorenvironmentalpollutionincidentonitsfactorytoenhanceitsemergencyresponsecapabilitiesforemergentenvironmentalpollutionincidents.Furthermore,GuangdongXingdaHongyeElectronicsCo.,Ltd.hasbuiltanemergencypool(whichisthecomprehensivewatertankinthesewagetreatmentstationcoveringanareaof800m
)andsetupafirepool(500m
andlocatedonFloor1ofFactoryBuildingNo.2),whichserveastemporarystoragepoolsforexteriordrainageorfiredrainagetoeradicateaccidentaldischargeofwastewaterinthecaseoffailedoperationofthesewagetransmissionpipelineorfireaccidentduetooutageorotherspecialcircumstances.Thesewagetransmissionpipelinehasbeenequippedwithanti-corrosionandcathodicprotectionusinganti-corrosionpipesandcarbonsteelpipes.Pursuanttothenewdischargestandards,therelateddischargepipelinehasbeenmodifiedandtheproductiondepartmenthasbeenrequiredtodischargestrictlyinaccordancewithdischargestandardstocutthecostsofwastewatertreatment.Differenttypesofwastewaterarenormallyandproperlytreatedthroughfineshunting.Personnelhavebeenspeciallyarrangedtomanagethechemicalliquidwarehouseandexertreasonablecontrolandrequirementsovertheliquiddischargebytheplantandtimelytransportationoftheliquidbysuppliers;emergencytoolssuchasprotectivemasks,bootsandimmisciblepumpshavebeenequipped.
2.BoluoKonkaandBoluoKonkaPrecisionBoluoKonkaandBoluoKonkaPrecisionstrictlyabidesbyEmergencyResponseLawofthePeople'sRepublicofChina,InterimMeasuresfortheManagementofEmergencyPlansforUnexpectedEnvironmentalIncidents,otherrelatedlawsandregulationsaswellastherequirementsofrelevantdocuments.Theyhaveestablishedriskpreventionmeasuresandemergencyplans,suchasEmergencyPlanforUnexpectedEnvironmentalIncidents,andhavetheiremergencyequipmentruninanormalstatus.Inaddition,theyhavefiledwithBoluoCountyBranchofEcologyandEnvironmentBureauinHuizhou,GuangdongandHuizhouEcologyandEnvironmentBureaurespectivelywiththefileNo.441322-2020-0073-Mand441301-2021-004-M.Theyorganizeallstafftoconductdrillsformajorenvironmentalpollutionincidentseveryyeartoimprovetheirabilityfortheemergencyresponsetounexpectedenvironmentalpollutionincidents.BoluoKonkaandBoluoKonkaPrecisionarewellequippedwithallnecessaryfacilitiesforemergencyresponsetounexpectedincidents,includinganemergencyresponsepoolofindustrialwastewater(500m
,underthegroundofthesewagetreatmentstation)andafirefightingreservoir(300m
,locatedbesidethestaffdormitorybuilding).Intheeventofanunexpectedenvironmentalincident,suchasleakageorfailureofawastewatertransportingpipe,theemergencyresponsepoolwillpreventanyaccidentofindustrialwastewater;intheeventofafiresafetyaccident,thefirefightingreservoirwillbeputintouse.Alldepartmentsarerequiredtodischargepollutantsstrictlyinaccordancewithpollutantdischargestandardstoreducethecostsofwastewatertreatmentbyproperlyandreasonablydividingsolutionandwastewaterdischargedfromtheplants.Thechemicalwarehousesaremanagedbydesignatedpersonnel,withstandardcontrolandrequirementsovertheloadingandunloadingofchemicalproductsbysuppliers.Intermsofemergencyresponsesupplies,afullsetofemergencyrescuetoolsareprepared,includinggasmasks,acidandalkalineresistantboots,gloves,goggles,safetyropes,helmets,firesandandsubmersiblepumps.(IV)Environmentalself-monitoringplan
1.XingDaHongYe
AccordingtotherequirementsoftheEnvironmentalProtectionAdministration,XingdaHongyeattachesgreatimportancetoenvironmentalmonitoringmanagement.Thus,pursuanttotheMeasuresforSelf-MonitoringandInformationDisclosureofNationalKeyMonitoredEnterprises,theReportontheEnvironmentalImpactoftheTechnicalImprovementandExpansionProjectofGuangdongXingdaHongyeElectronicsCo.,Ltd.andthereplyopinionsforenvironmentalimpactassessment,theCompanyhasformulatedtheEnvironmentalSelf-MonitoringPlanandreportedtothemunicipalenvironmentalprotectionbureauforapprovalandrecord.ItimplementsonlinemonitoringforthePH,CODandammonianitrogenpollutantsdischargedinwastewaterthroughreal-timemonitoringandanautomaticfrequencyofeverytwohours,entruststhequalifiedthird-partyonlinemonitoringequipmentoperationandmaintenanceinstitutetocarryoutperiodicmaintenanceonautomaticmonitoringequipmentandmonitoringdatanetworkingequipment,andentruststhequalifiedthird-partymonitoringunittocarryoutthe“threewastes”projectmonitoring.Allself-monitoringplanresultswillbereportedanddisclosedonpublicplatformsonaperiodicbasis.Inthecaseofnormalproduction,theresultswillbeupdatedonadailybasis,withonlinemonitoringdatadisclosedinrealtimeandmanualmonitoringdatadisclosedontheRealtimepublicityorevery2hoursaftercompletion.Itemsmonitoredonamonthlybasiswillbedisclosedbythe10thdayofthemonth.Inthecaseofpublicholidays,theoperationmonitoringdatafortheholidayperiodwillbedisclosedonthefirstworkingdayaftertheholiday.Theannualself-monitoringreportforthepreviousyearwillbedisclosedattheendofJanuaryeachyear.Inthecaseofshutdownwithdaysoff,thenumberofdaysoffwillbeindicatedintheinformationbarandrelatedproofswillbesubmittedtothemonitoringcenterofthemunicipalenvironmentalbureauforrecord.TheresultsaredisclosedonGuangdongProvinceKeyPollutionSourceRegulatoryInformationPlatformandonNationalPollutionSourceMonitoringInformationManagementandSharingPlatformforpublicmonitoring.
2.BoluoKonkaandBoluoKonkaPrecisionInlinewiththerequirementsofenvironmentaldepartments,BoluoKonkaandBoluoKonkaPrecisionattachgreatimportancetoenvironmentalmonitoringandmanagement.BasedontheMeasuresfortheSelf-MonitoringandInformationPublicityofEnterprisesunderNationalKeyMonitoring,EnvironmentalImpactReportandtheopinionsstatedinreplytotheenvironmentalassessment,theyhaveestablishedtheEnvironmentalSelf-MonitoringPlanofEnterprisesandfiledarecordwiththemunicipalecologyandenvironmentbureau.Accordingtotheplan,theyhaveinstalledanonlinemonitoringsystemtomonitorthePHvalue,totalflow,COD,ammonianitrogenandtotalphosphorusofthewastewater,andnetworkedwiththeecologyandenvironmentbureau.Theyappointaqualifiedthird-partyonlinemonitoringequipmentoperationandmaintenanceorganizationtoperformregularmaintenanceoftheautomaticmonitoringequipmentandthemonitoringdatanetworkingequipment,andaqualifiedthird-partymonitoringorganizationtoperformthemonitoringofthe“threewastes”.Allself-monitoringresultswillbereportedandpublishedonpublicplatformsandsubjecttopublicmonitoring.(V)AdministrativepunishmentsreceivedintheReportingPeriodduetoenvironmentalissuesNosuchcasesintheReportingPeriod.(VI)Otherenvironmentalinformationthatshouldbedisclosed
1.XingDaHongYeTheenvironmentalprotectioninvestmentofGuangdongXingdaHongyeElectronicsCo.,Ltd.for
H12021wasapproximatelyRMB8million,mainlyusedforthetreatmentofsewage,wastegasandsolidwaste,aswellasthemaintenanceandupgradingofenvironmentalprotectionequipment.
2.BoluoKonkaandBoluoKonkaPrecisionBoluoKonkaandBoluoKonkaPrecisioninvestedapproximatelyRMB4.65milliononenvironmentalprotectioninH12021intotal,mainlyusedforthedailymanagementofwastewaterandgas.(VII)OtherEnvironmentalInformationAccordingtotheexaminationbytheCompany,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.
2.TheCompanyperformsresponsibilitiestosuppliersandcustomers
(1)Itisdevotedtoimprovecustomerservicequality.TheCompanyisinsistingphilosophyofcustomerorientationtostrengthencustomerservicemanagement,serviceconsciousnessforemployees,servicelevelsandtoprotectrightsforcustomers.Throughcustomerservicehot-line,fieldvisitandfollow-upservice,theCompanyhassetagoodcorporateimageforcustomers.
(2)BehonesttosuppliersFollowingtheprincipleofintegrityandmutuallybeneficialcooperation,theCompanykeepsgoodcooperativerelationswithsuppliersateachlevel.Thecorporateprincipleisopen,fairandimpartialtostandardizeprocurement,protectsuppliers’legalrightsandlaysolidfoundationforfurthercooperation.
3.BeenthusiastictosocialandpublicwelfareundertakingsBasedontheprincipleofappreciatingandrepayingthesociety,theCompanyhasparticipatedinallkindsofactivitiesforpublicwelfare,cooperatedwithsociety,undertakensocialresponsibilitiesactivelyandpromotedharmoniousdevelopmentbetweenenterpriseandsociety.InH12021,theCompanypaidatotalofoverRMB700,000toTianzhuCountyandSanshuiCountyinGuizhouProvinceasdonationsandforagriculturalproductpurchases.
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)Topromoteoccupationalskillsbydiversifiedprofessionaltraining
TheCompanyhasalwayspaidgreatattentionondiversifiedtrainingforemployees.Ontheonehand,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.
PartVISignificantEvents
ICommitmentsoftheCompany’sDeFactoController,Shareholders,RelatedPartiesandAcquirers,aswellastheCompanyItselfandOtherEntitiesFulfilledintheReportingPeriodorOngoingatthePeriod-End
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IIOccupationoftheCompany’sCapitalbytheControllingShareholderoranyofItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IIIIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IVEngagementandDisengagementofIndependentAuditorAretheinterimfinancialstatementsaudited?
□Yes√NoTheinterimfinancialstatementsoftheCompanyhavenotbeenaudited.VExplanationsGivenbytheBoardofDirectorsandtheSupervisoryCommitteeRegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsoftheReportingPeriod
□Applicable√NotapplicableVIExplanationsGivenbytheBoardofDirectorsRegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsofLastYear
□Applicable√NotapplicableVIIInsolvencyandReorganization
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIIILegalMattersSignificantlawsuitsandarbitrations:
√Applicable□Notapplicable
| Generalinformation | Involvedamount | Provision | Progress | Decisionsandeffects | Executionofdecisions | Disclosuredate | Indextodisclosedinformation |
| (RMB’0,000) | |||||||
| Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestDalianJinshundaMaterialRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 9,383.08 | Not | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered. | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered.Basedontheprincipleofprudence,theCompanyhasmadecorrespondingprovisionforimpairmentaccordingtoaccountingpolicies. | Thepublicnoticeofthejudgmentisbeingdelivered. | 19September2020 | http://www.cninfo.com.cn/new/index |
| Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestDalianXinjieRenewableResourcesCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 9,383.08 | Not | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered. | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered.Basedontheprincipleofprudence,theCompanyhasmadecorrespondingprovisionforimpairmentaccordingtoaccountingpolicies. | Thepublicnoticeofthejudgmentisbeingdelivered. | 19September2020 | http://www.cninfo.com.cn/new/index |
| Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestLiantianxingRenewableResourcesCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 2,307.90 | Not | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered. | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered.Basedontheprincipleofprudence,theCompanyhasmadecorrespondingprovisionforimpairmentaccordingtoaccountingpolicies. | Thepublicnoticeofthejudgmentisbeingdelivered. | 19September2020 | http://www.cninfo.com.cn/new/index |
| Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestHuanjiaMingtai(Dalian)RenewableResourcesCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 3,302.64 | Not | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered. | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered.Basedontheprincipleofprudence,theCompanyhasmadecorrespondingprovisionforimpairmentaccordingtoaccountingpolicies. | Thepublicnoticeofthejudgmentisbeingdelivered. | 19September2020 | http://www.cninfo.com.cn/new/index |
| Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestLankaoShunjiaRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 3,358.80 | Not | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered. | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered.Basedontheprincipleofprudence,theCompanyhasmadecorrespondingprovisionforimpairmentaccordingtoaccountingpolicies. | Thepublicnoticeofthejudgmentisbeingdelivered. | 19September2020 | http://www.cninfo.com.cn/new/index |
| Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestHenanShunhenghuiRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 3,337.29 | Not | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered. | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered.Basedontheprincipleofprudence,theCompanyhasmadecorrespondingprovisionforimpairmentaccordingtoaccountingpolicies. | Thepublicnoticeofthejudgmentisbeingdelivered. | 19September2020 | http://www.cninfo.com.cn/new/index |
| Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestHenanJiaxinRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 3,358.09 | Not | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered. | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered.Basedontheprincipleofprudence,theCompanyhasmadecorrespondingprovisionforimpairmentaccordingtoaccountingpolicies. | Thepublicnoticeofthejudgmentisbeingdelivered. | 19September2020 | http://www.cninfo.com.cn/new/index |
| Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestHenanShengxiangRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 2,922 | Not | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered. | Thepublicnoticeofthesecondinstancejudgmentisbeingdelivered.Basedontheprincipleofprudence,theCompanyhasmadecorrespondingprovisionforimpairmentaccordingtoaccountingpolicies. | Thepublicnoticeofthejudgmentisbeingdelivered. | 19September2020 | http://www.cninfo.com.cn/new/index |
| Duetodisputearisenfromalogisticscontract,AludaLogisticsfiledalawsuitwithNanqiao | 1,282.80 | Not | Inretrial | Inretrial | Pending | 19September | http://www.cninfo.com.cn/new/i |
| People’sCourtofChuzhoutorequesttheCompany’ssubsidiaryAnhuiTongchuantoreturntheperformancebond,paytransportationcostsandinterestsincurred,andbearthelitigationcosts. | 2020 | ndex | |||||
| Duetodisputearisenfromasalescontract,ZhaoYonghongfiledalawsuitwiththecourttorequesttheCompany’sKonkaHuanjiatopayforgoods. | 805.74 | Not | Inretrial | Inretrial | Pending | 19September2020 | http://www.cninfo.com.cn/new/index |
| Becauseofadisputeoverrealrightsgrantedbywayofsecurity,theCompany'ssubsidiary,HenanXinfeiRefrigerationAppliancesCo.,Ltd.,suedChuangfuBusinessSquareRealEstateDevelopment(Huizhou)Co.,Ltd.,requiringittoexercisetherealrightsgrantedbywayofsecurity. | 8,242.85 | Not | Thecaseisbeingfiledasadeferentcase. | Thecaseisbeingfiledasadifferentcase. | Pending | 1June2021 | http://www.cninfo.com.cn/new/index |
| Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,JiahuanjiaEco-protectionTechnologyCo.,Ltd.,suedHenanHuanjiaChengxinEco-protectionTechnologyCo.,Ltd.,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyin,andWangRenping,requiringthemtoreturntheadvancepaymentandpaytheliquidateddamages. | 3,358.80 | Not | Thepublicnoticeonthesecondinstancejudgmentisbeingdelivered. | Thepublicnoticeonthesecondinstancejudgmentisbeingdelivered.Basedontheprincipleofprudence,theCompanyhasmadecorrespondingprovisionforimpairmentaccordingtoaccountingpolicies. | Thepublicnoticeonthejudgmentisbeingdelivered. | 1June2021 | http://www.cninfo.com.cn/new/index |
| Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,JiahuanjiaEco-protectionTechnologyCo.,Ltd.,suedHenanXinchengRenewableResourceRecyclingCo.,Ltd.,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyin,andWangRenping,requiringthemtoreturntheadvancepaymentandpaythe | 3,358.80 | Not | Thepublicnoticeonthesecondinstancejudgmentisbeingdelivered. | Thepublicnoticeonthesecondinstancejudgmentisbeingdelivered.Basedontheprincipleofprudence,theCompanyhasmadecorrespondingprovisionforimpairmentaccordingtoaccountingpolicies. | Thepublicnoticeonthejudgmentisbeingdelivered. | 1June2021 | http://www.cninfo.com.cn/new/index |
| liquidateddamages. | |||||||
| Becauseofadisputeoverrealrightsgrantedbywayofsecurity,theCompany'ssubsidiary,HenanXinfeiRefrigerationAppliancesCo.,Ltd.,suedChuangfuBusinessSquareRealEstateDevelopment(Huizhou)Co.,Ltd.,requiringittoexercisetherealrightsgrantedbywayofsecurity. | 2,801.94 | Not | Thecaseisbeingfiledasadeferentcase. | Thecaseisbeingfiledasadifferentcase. | Pending | 1June2021 | http://www.cninfo.com.cn/new/index |
| Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,JiahuanjiaEco-protectionTechnologyCo.,Ltd.,suedHenanGuozhengEco-protectionTechnologyCo.,Ltd.,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyin,andWangRenping,requiringthemtoreturntheadvancepaymentandpaytheliquidateddamages. | 2,090 | Not | Thepublicnoticeonthesecondinstancejudgmentisbeingdelivered. | Thepublicnoticeonthesecondinstancejudgmentisbeingdelivered.Basedontheprincipleofprudence,theCompanyhasmadecorrespondingprovisionforimpairmentaccordingtoaccountingpolicies. | Thepublicnoticeonthejudgmentisbeingdelivered. | 1June2021 | http://www.cninfo.com.cn/new/index |
| Becauseofadisputeoveraconstructionprojectcontract,Road&TunndGroupGuanganWorksCo.,Ltd.filedalawsuitwiththecourt,requiringtheCompany'ssubsidiary,SubeiKangrunWaterAffairsCo.,Ltd.,topaytheconstructioncost. | 15,336.35 | Not | Infirsttrial | Infirsttrial | Pending | 1June2021 | http://www.cninfo.com.cn/new/index |
Note:CourtsorarbitrationbodiesruledinfavoroftheCompanyinthefollowingcaseswhicharecurrentlyunderenforcement.DetailsofthesecasescanbefoundintheCompany'sAnnouncementonLargeAmountPendingLawsuitsandArbitrationsdisclosedon25June2019(AnnouncementNo.2019-63)andtheAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon19September2020(AnnouncementNo.2020-97)andtheCompany'speriodicreports:a)Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestChinaEnergyElectricFuelCo.,Ltd.,ChinaEnergy(Shanghai)EnterpriseCo.,Ltd..,ShanghaiNengpingindustrialCo.,Ltd.,andShenzhenQianhaiBaoyingFactoringCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany.b)Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestShanghaiHuaxinInternationalGroupCo.,Ltd.andTianjinInternationalTradePetrochemicalCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany.c)Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestShanghaiHuaxinInternationalGroupCo.,Ltd.QingdaoBondedZhongsheInternationalTradingCo.,Ltd.andShenzhenQianhaiBenniuAgriculturalTechnologyCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany.d)Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestHefeiHuajunTradingCo.,Ltd.andWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany.e)Duetodisputearisenfromalogisticscontract,theCompany’ssubsidiaryAnhuiKonkafiledalawsuittorequestthefreightforwarderShanghaiTriangleLinkLogisticsCo.,Ltd.ShenzhenBranchtomakecompensation.f)Duetocontractdispute,theCompany’ssubsidiaryShenzhenNianhuaappliedforarbitrationtorequesttherespondentFangXianglongandJiangYantomakecompensationforcorrespondingannualprofitandfundpossessioncost.g)Duetopaymentdispute,theCompany’ssubsidiaryHongKong
KonkaappliedforanarbitrationtoShenzhenCourtofInternationalArbitrationtorequesttherespondentMakenaElectronic(HongKong)topayforgoodsandliquidateddamages.Thefollowingcaseshavebeendisclosedintemporaryannouncementsandperiodicreportsandthereisnofurtherprogress.DetailsofthesecasescanbefoundintheCompany'sAnnouncementonLargeAmountPendingLawsuitsandArbitrationsdisclosedon25June2019(AnnouncementNo.2020-97)andtheAnnouncementonAccumulatedLawsuitsandArbitrationsdisclosedon1June2021(AnnouncementNo.2021-48)andtheCompany'speriodicreports:a)Asmaturednoteswerefailedtobeaccepted,KonkaFactoringhasfiledalawsuitwiththecourttorequestTahoeGroupCo.,Ltd.,FuzhouTaijiaEnterpriseCo.,Ltd.,andXiamenLianchuangMicroelectronicsCo.,Ltd.topaythebillandthecorrespondinginteresttoKonkaFactoring.b)ThecustomerofHongKongKonka,H-BUSTERSAOPAULOINDUSTRIAECOMERCIOS.A(Brazil)wasinsolvent,andobtainedtheapprovalofthejudicialreorganizationapplicationofCotiaThirdCivilCourtoftheCourtofSaoPaulo,BrazilinMay2013.AsthecreditorofH-BUSTER,HongKongKonkafiledthedebtdeclarationdocuments,andinAugust2014,theamountconfirmedofdebtwasUSD2.78million.c)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.d)Duetothedisputeofsalescontract,WumartStores,Inc.suedtheBeijingBranchofWumarttothecourtofShijingshanDistrictofBeijing,andrequestedtheBeijingBranchtoreturntheprepaymentofgoods.e)Duetodisputearisenfromanadvertisingcontract,theCompany’ssubsidiaryE2infofiledalawsuitwithNanshanDistrictCourtofShenzhenMunicipalitytorequestTansuoMediatopaytheprincipaldueandliquidateddamages.f)Duetodisputearisenfromaloancontract,theCompanyfiledalawsuittothecourttorequestChongqingQingjiaElectronicsCo.,Ltd.torepaytheloanandinterest.g)Asmaturednoteswerefailedtobeaccepted,theCompanyfiledalawsuitwiththecourttorequestWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.topaythebillandcorrespondinginteresttotheCompany.h)Duetopaymentdispute,theCompany’ssubsidiaryAnhuiElectricalApplianceappliedforanarbitrationtoChuzhouArbitrationCommissiontorequesttherespondentMakenaElectronic(Shenzhen)tomakeguarantee.i)Duetocontractdispute,theCompanyfiledalawsuitwithZhengzhouIntermediatePeople’sCourttorequestHenanRadioandTelevisionNetworkCo.,Ltd.topickupgoodsandmakepaymentandliquidateddamagesaccordingtothecontract.j)Duetocondominiumownershipdispute,theowners’committeeofJingyuanBuildingfiledalawsuittorequestZhongfangGroupNanfangRealEstateCo.,Ltd.tomakesupplementarypaymentofmaintenancefund.ZhongfangGroupNanfangRealEstateCo.,Ltd.submittedadefenseonthegroundthattheCompanyjointlydevelopedJingyuanBuilding,andtheCompanywasfiledasthedefendant.k)Becauseofadisputeovercapitalincrease,theCompany'ssubsidiary,ShenzhenKonkaInvestmentHoldingCo.,Ltd.,appliedforarbitrationwiththeShenzhenCourtofInternationalArbitration(SCIA),requestingtherespondents,ElionResourcesGroupandElionEcological,toperformtherepurchaseobligation.l)Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,DongguanKonkaElectronicCo.,Ltd.,filedalawsuitwiththePeople'sCourtofNanshanDistrictofShenzhen,requestingDongguanGaonengHighPolymerMaterialsCo.,Ltd.,WangDong,ShenzhenXinlianXingyaoTradeCo.,Ltd.,ShenzhenJinchuanQianchaoNetworkTechnologyCo.,Ltd.,PuningJunlongTradeCo.,Ltd.,andHuangZhihaotopaytheoverdueloanandthecorrespondingliquidateddamages.m)Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,JiahuanjiaEco-protectionTechnologyCo.,Ltd.,suedZhejiangJiadeRenewableResourceRecyclingCo.,Ltd.,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyin,andWangRenping,requiringthemtoreturntheadvancepaymentandpaytheliquidateddamages.n)Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,JiahuanjiaEco-protectionTechnologyCo.,Ltd.,suedZhejiangZhijieRenewableResourceRecyclingCo.,Ltd.,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyin,andWangRenping,requiringthemtoreturntheadvancepaymentandpaytheliquidateddamages.o)Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,JiahuanjiaEco-protectionTechnologyCo.,Ltd.,filedalawsuitagainstZhejiangXinkaiRenewableResourceRecyclingCo.,Ltd.,HuanjiaGroupCo.,Ltd.,WangBingde,ZhangXueyin,andWangRenping,requestingthemtoreturntheadvancepaymentandpaytheliquidateddamages.p)Becauseofadisputeoverrealrightsgrantedbywayofsecurity,theCompany'ssubsidiary,AnhuiKonkaElectronicCo.,Ltd.,suedHuangRuirong,requiringthe
lattertoexercisetherealrightsgrantedbywayofsecurity.Otherlegalmatters:
□Applicable√NotapplicableIXPunishmentsandRectifications
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XCreditQualityoftheCompanyaswellasitsControllingShareholderandDeFactoController
√Applicable□NotapplicableTheCompanyaswellasitscontrollingshareholderanddefactocontrollerwereatasoundcreditstandingduringtheReportingPeriod.Neitherofthemisfoundtohavefailedtoexecuteanyvalidcourtdecisionorhavefailedtorepayanydebtofalargeamountthatisdue.XIMajorRelated-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 | 3,494.09 | 0.61% | 10,000 | Not | Cash | N/A | 24Mar.2021 | http://www.cninfo.com.cn/new/index |
| OCTEnterprisesCo.,Ltdanditssubsidiaries | Underthesameactualcontroller | Salesofgoodsandservices | TVs,intelligentterminals,etc.andrelatedservice | Negotiatedprice | Marketprice | 1,444.38 | 0.23% | 10,000 | Not | Cash | N/A | 24Mar.2021 |
| s | |||||||||||
| Total | -- | -- | 4,938.47 | -- | 20,000 | -- | -- | -- | -- | -- | |
| Large-amountsalesreturnindetail | N/A | ||||||||||
| GivetheactualsituationintheReportingPeriod(ifany)whereanestimatehadbeenmadeforthetotalvalueofcontinuingrelated-partytransactionsbytypetooccurintheReportingPeriod | TheCompanyhaspublishedtheForecastingPublicNoticeonRoutineRelated-partyTransactionforY2021onSecuritiesTimes,ShanghaiSecuritiesNews,andChinaSecuritiesJournalaswellastheInternetwebsitedesignatedbyCSRChttp://http://www.cninfo.com.cn/new/indexon24March2021.IntheReportingPeriod,thebasisforpricing,transactionprice,transactionamountandsettlementmethodsofrawmaterialspurchasedbytheCompanywerebasicallyinaccordancewiththeforecast.ThetotalamountwasRMB49.3847million. | ||||||||||
| Reasonforanysignificantdifferencebetweenthetransactionpriceandthemarketreferenceprice(ifapplicable) | N/A | ||||||||||
2.Related-PartyTransactionsRegardingPurchaseorDisposalofAssetsorEquityInvestments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
3.Related-PartyTransactionsRegardingJointInvestmentsinThirdParties
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
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) |
| YibinOCTSanjiangPropertiesCo.,Ltd. | Subsidiaryofcontrollingshareholder | Demandofbusinessdevelopment | Not | 7,500.00 | 0 | 3,500.00 | 5.70% | 143.44 | 4,000.00 |
| ChuzhouKangjin | Subsidiaryof | Demandof | Not | 16,084.74 | 0 | 311.10 | 7.00% | 525.55 | 15,773.64 |
| HealthIndustryDevelopmentCo.,Ltd. | controllingshareholder | businessdevelopment | |
| EffectsofcreditswithrelatedpartiesontheCompany’soperatingresultsandfinancialconditions | NoeffecttothenormaloperationoftheCompany.OthershareholdersofYibinOCTSanjiangPropertiesCo.,Ltd.andChuzhouKangjinHealthIndustryDevelopmentCo.,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 | 2,406.00 | 0 | 2,406.00 | 4.56% | 23.16 | 0 |
| 8,700.00 | 0 | 8,700.00 | 4.56% | 83.75 | 0 | |||
| 50,000.00 | 0 | 38,894.00 | 4.22% | 582.14 | 11,106.00 | |||
| 0 | 50,000.00 | 0 | 4.34% | 753.47 | 50,000.00 | |||
| 0 | 50,000.00 | 0 | 4.34% | 717.31 | 50,000.00 | |||
| 0 | 50,000.00 | 0 | 4.34% | 632.92 | 50,000.00 | |||
| 0 | 50,000.00 | 0 | 4.56% | 456.00 | 50,000.00 | |||
| 0 | 50,000.00 | 0 | 4.56% | 95.00 | 50,000.00 | |||
| EffectsofliabilitieswithrelatedpartiesontheCompany’soperatingresultsandfinancialconditions | TheCompanyappliesentrustedloanfromOCTEnterprisesCo.,Ltd.whichmeetstheneedsofthecompany'sexistingbusinessdevelopmentandreducesthefinancingcost. | |||||||
5.TransactionswithRelatedFinanceCompaniesorFinanceCompaniesControlledbytheCompany
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
6.OtherMajorRelated-PartyTransactions
√Applicable□Notapplicable
(1)ProvidesecuritylimittoShareholdingRelatedCompany:TheProposalonProvidingSecurityLimittoYibinOCTSanjiangRealEstateCo.,Ltd.wasreviewedandpassedatthe40thMeetingoftheNinthBoardofDirectorsheldonMarch22,2021,andthe2020Shareholders'GeneralMeetingonApril19,2021,whichdecidedthattheCompanywillcontinuetoprovideYibinOCTSanjiangRealEstateCo.,Ltd.withasecuritylimitofRMB400millionattheshareholdingratiowithatermofthreeyears,afterthesecuritylimit,reviewedandpassedatthe2018ThirdExtraordinaryGeneralMeeting,isdue.YibinOCTSanjiangRealEstateCo.,Ltd.willusethissecuritylimittoapplyforaloanwiththebank.OthershareholdersofYibinOCTSanjiangRealEstateCo.,Ltd.willprovide
securitytoitattheirrespectiveshareholdingratios.
(2)ProvidingadvertisingservicestoOCTGroup:Atthe42
ndMeetingoftheNinthSessionoftheBoardofDirectorson28May2021,theCompanyconsideredandapprovedtheProposalonProvidingAdvertisingServicestoOCTGroup.Accordingtothedecision,theCompanywouldprovideOCTGroup(inclusiveofitssubsidiaries)withadvertisingservicesatintelligentterminalswithaservicetransactionpriceofnomorethanRMB100million.
(3)Transfer70%oftheequityinShenzhenYipingfangNetworkTechnologyCo.,Ltd.:TheProposalonTransferofSomeofEquityinShenzhenYipingfangNetworkTechnologyCo.,Ltd.wasreviewedandapprovedatthe44thMeetingoftheNinthBoardofDirectorsoftheCompanyheldonAugust2,2021andlateratthe2
ndExtraordinaryGeneralMeetingof2021heldonAugust18,2021,whichdecidedthatthe70%oftheequityinShenzhenYipingfangNetworkTechnologyCo.,Ltd.heldbytheCompanywillbepubliclytransferredatthestate-ownedpropertyrightexchange.TheCompany'scontrollingshareholder,OverseasChineseTownHoldingsCompany(OCTGroup)(oritscontrollingshareholder)mightparticipateinthedelistingofsomeoftheequityinShenzhenYipingfangNetworkTechnologyCo.,Ltd.Indextothepublicannouncementsaboutthesaidrelated-partytransactionsdisclosed
| Titleofpublicannouncement | Disclosuredate | Disclosurewebsite |
| AnnouncementonProvidingGuaranteeLineforJointStockCompanyandRelated-partyTransaction | 24March2021 | http://www.cninfo.com.cn/new/index |
| AnnouncementonProvidingAdvertisingServicestoOCTGroupandRelated-partyTransaction | 1June2021 | |
| AnnouncementonListingTransferofSomeEquityofShenzhenE2infoNetworkTechnologyCo.,Ltd. | 3August2021 |
XIIMajorContractsandExecutionthereof
1.Entrustment,ContractingandLeases
(1)Entrustment
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(2)Contracting
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(3)Leases
√Applicable□NotapplicableNotetoleasesNosignificantleasesintheReportingPeriod.TherentofKonkaDevelopmentBuildinghasreceivedRMB29,164,184.58intheReportingPeriod.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 | ||||||||
| YibinOCTSanjiangPropertiesCo.,Ltd. | 2018/09/19 | 40,000 | 2019/09/29 | 14,000 | Joint-liability | No | Not | Threeyears | Not | Yes | ||||||||
| KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 2018/09/19 | 24,500 | 2019/09/23 | 24,500 | Joint-liability | No | Not | Threeyears | Not | Yes | ||||||||
| JiangxiXinxinJian’anEngineeringCo.,Ltd. | 10,000 | 2016/12/12 | 10,000 | Joint-liability | No | Not | Not | Not | Not | |||||||||
| JiangxiZhongyiDecorationMaterialsCo.,Ltd. | 10,000 | 2016/12/12 | 10,000 | Joint-liability | No | Not | Not | Not | Not | |||||||||
| JiangxiShanshiTechnologicalDevelopmentCo.,Ltd. | 10,000 | 2016/12/12 | 10,000 | Joint-liability | No | Not | Not | Not | Not | |||||||||
| TotalapprovedlineforsuchguaranteesintheReportingPeriod(A1) | 40,000 | TotalactualamountofsuchguaranteesintheReportingPeriod(A2) | 0 | |||||||||||||||
| TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(A3) | 133,700 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(A4) | 68,500 | |||||||||||||||
| GuaranteesprovidedbetweentheCompanyandsubsidiaries | ||||||||||||||||||
| Obligor | Disclosuredateofthe | Lineofguarantee | Actualoccurrencedate | Actualguarantee | Typeofguarantee | Collateral(if | Counterguarantee(if | Termofguarant | Havingexpiredornot | Guaranteefora | ||||||||
| guaranteelineannouncement | amount | any) | any) | ee | relatedpartyornot | |||||
| AnhuiTongchuang | 2017/7/30,2018/5/22and2018/9/18 | 90,000 | 2020/8/6 | 3,000 | Joint-liability | No | Not | Oneyear | Not | Not |
| 2020/10/19 | 3,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||
| 2021/1/21 | 5,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||
| 2021/2/25 | 4,500 | Joint-liability | No | Not | Oneyear | Not | Not | |||
| 2021/5/12 | 3,500 | Joint-liability | No | Not | Oneyear | Not | Not | |||
| HongKongKonka | 2017/3/30,and2018/10/31 | 355,000 | 2020/12/28 | 20,000 | Joint-liability | No | Not | Oneyear | Not | Not |
| 2021/2/26 | 9,690 | Joint-liability | No | Not | Oneyear | Not | Not | |||
| BoluoKonkaPrecision | 2018/3/30 | 5,000 | 2020/8/19 | 2,480 | Joint-liability | No | Not | Threeyears | Not | Not |
| ElectronicsTechnology | 2018/9/19 | 350,000 | 2020/7/24 | 10,000 | Joint-liability | No | Not | Oneyear | Not | Not |
| 2020/8/14 | 8,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||
| 2020/11/16 | 50,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||
| 2021/2/24 | 58,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||
| DongguanKonka | 2018/9/19,and2021/3/23 | 90,000 | 2021/2/8 | 5,000 | Joint-liability | No | Not | Oneyear | Not | Not |
| 2021/6/23 | 80,000 | Joint-liability | No | Not | Tenyears | Not | Not | |||
| EconTechnology | 2018/9/19 | 120,000 | 2020/6/5 | 24,000 | Joint-liability | No | OthershareholderofEconTechnologyprovidesacounterguaranteeforthe | Oneyearandahalf | Not | Not |
| 2020/8/21 | 5,000 | Joint-liability | No | Oneyear | Not | Not | ||||
| 2020/9/22 | 5,000 | Joint-liability | No | Oneyear | Not | Not | ||||
| 2021/1/29 | 3,000 | Joint-liability | No | Oneyear | Not | Not | ||||
| 2021/3/24 | 5,000 | Joint-liabil | No | One | Not | Not |
| ity | Companyfor49%oftheguaranteeline | year | ||||||||
| 2021/6/8 | 8,800 | Joint-liability | No | Oneyear | Not | Not | ||||
| 2021/6/18 | 5,000 | Joint-liability | No | Oneyear | Not | Not | ||||
| 2021/6/28 | 10,000 | Joint-liability | No | Oneyear | Not | Not | ||||
| XingDaHongYe | 2018/9/19 | 10,000 | 2020/11/12 | 5,800 | Joint-liability | No | OthershareholderofXingDaHongYeprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Twoyears | Not | Not |
| 2020/12/25 | 2,000 | Joint-liability | No | Threeyears | Not | Not | ||||
| 2021/5/31 | 1,250 | Joint-liability | No | Twoyears | Not | Not | ||||
| 2021/5/31 | 750 | Joint-liability | No | Twoyears | Not | Not | ||||
| JiangxiKonka | 2018/10/31 | 60,000 | 2019/3/18 | 11,961 | Joint-liability | No | OthershareholderofJiangxiKonkaprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Twoyearsandahalf | Not | Not |
| 2020/11/6 | 10,000 | Joint-liability | No | Threeyears | Not | Not | ||||
| 2021/6/26 | 6,000 | Joint-liability | No | Oneyear | Not | Not | ||||
| 2019/6/26 | 5,500 | Joint-liability | No | Threeyears | Not | Not | ||||
| 2019/10/30 | 6,500 | Joint-liability | No | Threeyears | Not | Not | ||||
| 2020/3/20 | 990 | Joint-liability | No | Twoyears | Not | Not | ||||
| 2020/8/4 | 3,000 | Joint-liability | No | Oneyear | Not | Not | ||||
| 2020/9/29 | 10,000 | Joint-liability | No | Oneyear | Not | Not | ||||
| 2020/12/21 | 5,000 | Joint-liability | No | Twoyears | Not | Not | ||||
| 2020/12/30 | 1,000 | Joint-liabil | No | Three | Not | Not |
| ity | years | |||||||||
| XinfengMicrocrystalline | 2019/3/30 | 25,000 | 2020/5/19 | 5,000 | Joint-liability | No | OthershareholderofXinfengMicrocrystallineprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Threeyears | Not | Not |
| 2020/5/29 | 3,479 | Joint-liability | No | Twoyears | Not | Not | ||||
| 2020/12/8 | 2,100 | Joint-liability | No | Threeyears | Not | Not | ||||
| 2020/12/28 | 7,200 | Joint-liability | No | Oneyear | Not | Not | ||||
| 2021/6/18 | 7,200 | Joint-liability | No | Oneyear | Not | Not | ||||
| JiangxiHighTransparentSubstrate | 2019/3/30 | 45,000 | 2019/6/26 | 10,000 | Joint-liability | No | OthershareholderofJiangxiHighTransparentSubstrateprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Threeyears | Not | Not |
| 2019/12/20 | 5,000 | Joint-liability | No | Threeyears | Not | Not | ||||
| 2020/1/8 | 5,000 | Joint-liability | No | Threeyears | Not | Not | ||||
| 2020/1/8 | 5,000 | Joint-liability | No | Twoyears | Not | Not | ||||
| 2020/3/20 | 990 | Joint-liability | No | Twoyears | Not | Not | ||||
| 2020/5/29 | 5,975 | Joint-liability | No | Twoyears | Not | Not | ||||
| 2020/6/24 | 7,000 | Joint-liability | No | Oneyearandahalf | Not | Not | ||||
| 2020/7/14 | 6,000 | Joint-liability | No | Threeyears | Not | Not | ||||
| SichuanKonka | 2018/3/31,and2021/3/23 | 65,000 | 2019/3/18 | 4,000 | Joint-liability | No | No | Threeyears | Not | Not |
| PengrunTechnology | 2018/9/19 | 20,000 | 2020/8/25 | 5,000 | Joint-liability | No | OthershareholderofPengrunTechnologyprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Oneyear | Not | Not |
| NingboKanghanrui | 2020/6/6 | 18,000 | 2020/7/27 | 6,000 | Joint-liability | No | No | Oneyear | Not | Not |
| YibinKangrun | 2020/10/24 | 10,000 | 2020/11/13 | 10,000 | Joint-liability | No | OthershareholderofYibinKangrunprovidesacounterguaranteefortheCompanyfor33%oftheguaranteeline | Fouryears | Not | Not |
| TelecommunicationTechnology | 2017/3/30 | 50,000 | 2020/8/26 | 7,500 | Joint-liability | No | No | Oneyear | Not | Not |
| AnhuiKonka | 2017/3/31 | 110,000 | 2020/11/25 | 10,000 | Joint-liability | No | Othershareholderof | Oneyear | Not | Not |
| 2020/12/24 | 26,800 | Joint-liabil | No | One | Not | Not |
| ity | AnhuiKonkaprovidesacounterguaranteefortheCompanyfor22%oftheguaranteeline | year | |||||||||
| 2021/3/25 | 20,000 | Joint-liability | No | Oneyear | Not | Not | |||||
| 2021/4/2 | 5,500 | Joint-liability | No | Oneyear | Not | Not | |||||
| TotalapprovedlineforsuchguaranteesintheReportingPeriod(B1) | 393,600 | TotalactualamountofsuchguaranteesintheReportingPeriod(B2) | 238,190 | ||||||||
| TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(B3) | 2,356,572 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(B4) | 562,465 | ||||||||
| Guaranteesprovidedbetweensubsidiaries | |||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot | |
| SichuanKonka | 14,000 | 2018/05/28 | 14,000 | Sevenyears | Sevenyears | Not | Not | ||||
| RushanYikeWaterEnvironmentManagementCo.,Ltd. | 29,000 | 2016/12/29 | 29,000 | Tenyears | Tenyears | Not | Not | ||||
| WuhanRunyuanWastewaterTreatmentCo.,Ltd. | 2020/01/21 | 55,200 | 2020/01/20 | 55,200 | Twentyyears | Twentyyears | |||||
| SubeiMongol | 2020/03/24 | 77,600 | 2020/03/10 | 77,600 | Fifteenyears | Fifteenyears | Not | ||||
| AutonomousCountyKangrunWaterCo.,Ltd. | ||||||||||
| DayiKangrunWaterCo.,Ltd. | 2020/05/13 | 27,400 | 2020/04/29 | 27,400 | Fifteenyears | OthershareholderprovidesacounterguaranteefortheCompany | Fifteenyears | Not | ||
| Xi’anGaolingKangrunEnvironmentalEngineeringCo.,Ltd. | 2020/12/17 | 24,571 | 2020/12/17 | 24,571 | Fifteenyears | Fifteenyears | ||||
| MengchengKangrunAnjianWaterCo.,Ltd. | 2021/2/26 | 123,400 | 2021/1/27 | 93,400 | Joint-liability | No | No | Seventeenyears | Not | Not |
| Xi’anGaolingKangrunEnvironmentalEngineeringCo.,Ltd. | 2021/2/26 | 20,000 | 2021/2/5 | 20,000 | Joint-liability | No | OthershareholderprovidesacounterguaranteefortheCompany | Fifteenyears | Not | Not |
| TongchuanKangrunHonghuiEnvironmentalManagementCo.,Ltd. | 2021/4/9 | 12,658 | 2021/3/25 | 12,658 | Joint-liability | No | Fourteenyears | Not | Not | |
| Lushan | 2021/5/3 | 95,000 | 2021/4/16 | 25,000 | Joint-liabil | No | sixteen | Not | Not |
| KangrunEnvironmentalManagementCo.,Ltd. | 1 | ity | years | |||||||
| TotalapprovedlineforsuchguaranteesintheReportingPeriod(C1) | 251,058 | TotalactualamountofsuchguaranteesintheReportingPeriod(C2) | 151,058 | |||||||
| TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(C3) | 478,829 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(C4) | 378,829 | |||||||
| Totalguaranteeamount(totalofthethreekindsofguaranteesabove) | ||||||||||
| TotalguaranteelineapprovedintheReportingPeriod(A1+B1+C1) | 644,658 | TotalactualguaranteeamountintheReportingPeriod(A2+B2+C2) | 389,248 | |||||||
| TotalapprovedguaranteelineattheendoftheReportingPeriod(A3+B3+C3) | 2,969,101 | TotalactualguaranteebalanceattheendoftheReportingPeriod(A4+B4+C4) | 1,009,794 | |||||||
| Totalactualguaranteeamount(A4+B4+C4)as%oftheCompany’snetassets | 122.00% | |||||||||
| Ofwhich: | ||||||||||
| Balanceofguaranteesprovidedforshareholders,actualcontrollerandtheirrelatedparties(D) | 38,500 | |||||||||
| Balanceofdebtguaranteesprovideddirectlyorindirectlyforobligorswithanover70%debt/assetratio(E) | 976,794 | |||||||||
| Amountbywhichthetotalguaranteeamountexceeds50%oftheCompany’snetassets(F) | 595,957 | |||||||||
| Totalofthethreeamountsabove(D+E+F) | 1,009,794 | |||||||||
| JointresponsibilitiespossiblyborneintheReportingPeriodforundueguarantees(ifany) | N/A | |||||||||
| Provisionofexternalguaranteesinbreachoftheprescribedprocedures(ifany) | N/A | |||||||||
Compoundguarantees:
None
3.CashEntrustedforWealthManagement
√Applicable□Notapplicable
Unit:RMB’0,000
| Type | Fundingsource | Amount | Undueamount | Unrecoveredoverdueamount | Unrecoveredoverdueamountwithprovisionforimpairment |
| Bankfinancialproducts | Self-owned | 61,990.62 | |||
| Total | 61,990.62 | ||||
High-riskwealthmanagementtransactionswithasignificantsingleamount,orwithlowsecurity,lowliquidityornoprincipalprotection:
□Applicable√NotapplicableSituationwheretheprincipalisexpectedlyirrecoverableoranimpairmentmaybeincurred:
□Applicable√Notapplicable
4.MajorRoutineContracts
□Applicable√Notapplicable
5.OtherMajorContracts
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIIIOtherSignificantEvents
√Applicable□Notapplicable(I)Non-publicofferingofcorporatebonds:Currently,thenon-publicofferingofcorporatebondsofRMB2.3billionwasfullyissuedbythreetrancheson9January2021,21May2021,and9July2021,respectively.ThepublicofferingofcorporatebondsofRMB2.7billionhasbeenreviewedattheShareholders'GeneralMeetingofKonka(hereinafterreferredtoasthe"Company"),andrelevantmattersarebeingpromotedasplanned.(II)Initiationandestablishmentoffunds:ThetotalunitsoftheOriental-KonkaIndustryM&AFundworthRMB1,001,000,000.ShenzhenKonkaInvestmentHoldingCo.,Ltd.contributedRMB500million,accountingfor49.95%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB385,980,000.ThefundinvestedinJiangxiYahuaElectronicMaterialsCo.,Ltd.,GenewTechnologiesCo.,Ltd.,etc.ThetotalunitsoftheKunshan-CITIC-KonkaEmergingIndustryDevelopmentInvestmentFundworthRMB1,006,000,000.ShenzhenKonkaInvestmentHoldingCo.,Ltd.contributedRMB500million,accountingfor49.7%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB43,810,000.ThefundinvestedinUNIONTECH,HerculesMicrosystems(HME),etc.ThetotalunitsoftheTongxiangWuzhenJiayuDigitalEconomicIndustryFundworthRMB500million.ShenzhenKonkaInvestmentHoldingCo.,Ltd.contributedRMB200million,accountingfor40%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB120,000,000.ThefundinvestedinFeidiTechnology(Shenzhen)Co.,Ltd.,CASICLOUD,etc.TheYibinKanghuiElectronicInformationIndustryEquityInvestmentFund,theYanchengKangyanIndustryInvestmentFund,andtheChongqingKangxinEquityInvestmentFundhavebeenfiledwiththeAssetManagementAssociationofChina(AMAC).ThetotalunitsofYanchengKangyanIndustryInvestmentFunworthRMB3,000million.ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.contributedRMB1201,500,000,accountingfor
40.05%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.havecontributedRMB81,060,000.ThefundinvestedinAnhuiSinonet&XinlongScience&TechnologyCo.,Ltd.(III)Disclosureindexofsignificantinformation
| AnnouncementNo. | Date | Title | Pageonnewspaper | Linkonhttp://www.cninfo.com.cn |
| 2021-01 | 2021-1-9 | AnnouncementonIssuanceResultsofNon-publicOfferingofCorporateBonds(TrancheI)in2021 | SecuritiesTimesB48,ShanghaiSecuritiesNews11etc. | http://www.cninfo. |
| 2021-02 | 2021-1-14 | IndicativeAnnouncementonPreparationforTransferof17%ofEquityinYantaiKangyunIndustryDevelopmentCo.,Ltd. | SecuritiesTimesB15,ShanghaiSecuritiesNews22etc. | com.cn/new/index |
| 2021-03 | 2021-1-30 | 2020ResultForecast | SecuritiesTimesB22,ShanghaiSecuritiesNews67etc. | |
| 2021-04 | 2021-1-30 | AnnouncementonProgressofSecurityforControllingCompany | SecuritiesTimesB22,ShanghaiSecuritiesNews67etc. | |
| 2021-05 | 2021-2-10 | AnnouncementonTransferof17%ofEquityinYantaiKangyunIndustryDevelopmentCo.,Ltd. | SecuritiesTimesB13,ShanghaiSecuritiesNews72etc. | |
| 2021-06 | 2021-2-10 | AnnouncementonSigningProjectAdmissionAgreementwithXi'anInternationalPortDistrictManagementCommittee | SecuritiesTimesB13,ShanghaiSecuritiesNews72etc. | |
| 2021-07 | 2021-2-25 | AnnouncementonResignationofChairmanofBoardofSupervisors | SecuritiesTimesB54,ShanghaiSecuritiesNews38etc. | |
| 2021-08 | 2021-2-27 | NoticeonConvening2021FirstExtraordinaryGeneralMeeting | SecuritiesTimesB11,ShanghaiSecuritiesNews33etc. | |
| 2021-09 | 2021-2-27 | AnnouncementonProvidingFinancialAssistancetoYantaiKangyunIndustryDevelopmentCo.,Ltd.atShareholdingRatio | SecuritiesTimesB11,ShanghaiSecuritiesNews33etc. | |
| 2021-10 | 2021-2-27 | AnnouncementonSomeAccountingPolicyChanges | SecuritiesTimesB11,ShanghaiSecuritiesNews33etc. | |
| 2021-11 | 2021-2-27 | AnnouncementonResolutionsof11thMeetingoftheNinthBoardofSupervisors | SecuritiesTimesB11,ShanghaiSecuritiesNews33etc. | |
| 2021-12 | 2021-2-27 | AnnouncementonResolutionsof39thMeetingoftheNinthBoardofDirectors | SecuritiesTimesB11,ShanghaiSecuritiesNews33etc. | |
| 2021-13 | 2021-2-27 | AnnouncementonProgressofSecurityforControllingCompany | SecuritiesTimesB11,ShanghaiSecuritiesNews33etc. | |
| 2021-14 | 2021-3-2 | AnnouncementonTransferof39%ofEquityinShanghaiKonkaGreenTechnologyCo.,Ltd. | SecuritiesTimesB23,ShanghaiSecuritiesNews49etc. | |
| 2021-15 | 2021-3-16 | AnnouncementonResolutionsof2021FirstExtraordinaryGeneralMeeting | SecuritiesTimesB40,ShanghaiSecuritiesNews81etc. | |
| 2021-16 | 2021-3-16 | AnnouncementonResolutionsof12thMeetingoftheNinthBoardofSupervisors | SecuritiesTimesB40,ShanghaiSecuritiesNews81etc. | |
| 2021-17 | 2021-3-20 | AnnouncementonReceiptofGovernmentGrantbyWhollyOwnedSubsidiary | SecuritiesTimesB10,ShanghaiSecuritiesNews73etc. | |
| 2021-18 | 2021-3-20 | AnnouncementonProgressofSecurityforWhollyOwnedSubsidiary | SecuritiesTimesB87,ShanghaiSecuritiesNews73etc. | |
| 2021-19 | 2021-3-24 | AnnouncementonResolutionsof13thMeetingoftheNinthBoardofSupervisors | SecuritiesTimesB94,ShanghaiSecuritiesNews105etc. |
| 2021-20 | 2021-3-24 | AnnouncementonExpectedRoutineConnectedTransactionsin2021 | SecuritiesTimesB93,ShanghaiSecuritiesNews105etc. |
| 2021-21 | 2021-3-24 | AnnouncementonProvisionofReservesforAssetImpairmentfor2020 | SecuritiesTimesB94,ShanghaiSecuritiesNews105etc. |
| 2021-22 | 2021-3-24 | AnnouncementonPlanofProfitDistributionfor2020 | SecuritiesTimesB94,ShanghaiSecuritiesNews105etc. |
| 2021-23 | 2021-3-24 | AnnouncementonEngagementofAnnualFinancialStatementAuditorandInternalControlAuditorfor2021 | SecuritiesTimesB95,ShanghaiSecuritiesNews105etc. |
| 2021-24 | 2021-3-24 | AnnouncementonExternalSecurity | SecuritiesTimesB94,ShanghaiSecuritiesNews105etc. |
| 2021-25 | 2021-3-24 | AnnouncementonProvidingSecurityLimittoandConductingConnectedTransactionwithShareholdingCompany | SecuritiesTimesB95,ShanghaiSecuritiesNews106etc. |
| 2021-26 | 2021-3-24 | NoticeonConvening2020Shareholders'GeneralMeeting | SecuritiesTimesB93,ShanghaiSecuritiesNews106etc. |
| 2021-27 | 2021-3-24 | Abstractof2020AnnualReport | SecuritiesTimesB93,ShanghaiSecuritiesNews105etc. |
| 2021-28 | 2021-3-24 | 2020AnnualReport | |
| 2021-29 | 2021-3-24 | AnnouncementonResolutionsof40thMeetingoftheNinthBoardofDirectors | SecuritiesTimesB93,ShanghaiSecuritiesNews106etc. |
| 2021-30 | 2021-3-27 | IndicativeAnnouncementonPreparationforTransferof51%ofEquityinShenzhenKangxinRealEstateCo.,Ltd. | SecuritiesTimesB123,ShanghaiSecuritiesNews56etc. |
| 2021-31 | 2021-3-27 | AnnouncementonProgressofSecurityforControllingSubsidiary | SecuritiesTimesB123,ShanghaiSecuritiesNews56etc. |
| 2021-32 | 2021-3-30 | AnnouncementonHolding2020OnlineResultRelease | SecuritiesTimesB27,ShanghaiSecuritiesNews120etc. |
| 2021-33 | 2021-4-1 | AnnouncementonProgressofTransferof17%ofEquityinYantaiKangyunIndustryDevelopmentCo.,Ltd. | SecuritiesTimesB27,ShanghaiSecuritiesNews72etc. |
| 2021-34 | 2021-4-10 | AnnouncementonSecurityforControllingCompany | SecuritiesTimesB120,ShanghaiSecuritiesNews137etc. |
| 2021-35 | 2021-4-14 | AnnouncementonProgressofTransferof39%ofEquityinShanghaiKonkaGreenTechnologyCo.,Ltd. | SecuritiesTimesB068,ShanghaiSecuritiesNews54etc. |
| 2021-36 | 2021-4-15 | 2021Q1ResultForecast | SecuritiesTimesB26,ShanghaiSecuritiesNews136etc. |
| 2021-37 | 2021-4-20 | AnnouncementonResolutionsof2020Shareholders'GeneralMeeting | SecuritiesTimesB100,ShanghaiSecuritiesNews152etc. |
| 2021-38 | 2021-4-21 | AnnouncementonCorrectionof2020AnnualReport | SecuritiesTimesB56,Shanghai |
| SecuritiesNews118etc. | |||
| 2021-39 | 2021-4-21 | IndicativeAnnouncementonPreparationforTransferofSomeofEquityinECONTECH | SecuritiesTimesB56,ShanghaiSecuritiesNews118etc. |
| 2021-40 | 2021-4-29 | AnnouncementonResolutionsof41stMeetingoftheNinthBoardofDirectors | SecuritiesTimesB25,ShanghaiSecuritiesNews152etc. |
| 2021-41 | 2021-4-29 | AnnouncementonTransferof51%ofEquityinShenzhenKangxinRealEstateCo.,Ltd. | SecuritiesTimesB25,ShanghaiSecuritiesNews152etc. |
| 2021-42 | 2021-4-29 | MainBodyof2021Q1Report | SecuritiesTimesB25,ShanghaiSecuritiesNews152etc. |
| 2021-43 | 2021-4-29 | FullTextof2021Q1Report | |
| 2021-44 | 2021-5-7 | AnnouncementonSigningCooperationFrameworkAgreementwithShenzhenElectronicIndustriesAssociation(SZEIA) | SecuritiesTimesB26,ShanghaiSecuritiesNews88etc. |
| 2021-45 | 2021-5-22 | AnnouncementonIssuanceResultsofNon-publicOfferingofCorporateBonds(TrancheII)in2021 | SecuritiesTimesB40,ShanghaiSecuritiesNews104etc. |
| 2021-46 | 2021-5-25 | AnnouncementonCompletionofPrivateEquityFundFilingandRegistrationofChongqingKangxinSemiconductorIndustryFundwhoseEstablishmentisParticipatedinbytheCompany | SecuritiesTimesB18,ShanghaiSecuritiesNews72etc. |
| 2021-47 | 2021-5-27 | AnnouncementonDistributionof2020AnnualEquity | SecuritiesTimesB35,ShanghaiSecuritiesNews81etc. |
| 2021-48 | 2021-6-1 | AnnouncementonAccumulativeLawsuitsandArbitrations | SecuritiesTimesB21,ShanghaiSecuritiesNews49etc. |
| 2021-49 | 2021-6-1 | AnnouncementonResolutionsof42ndMeetingoftheNinthBoardofDirectors | SecuritiesTimesB21,ShanghaiSecuritiesNews49etc. |
| 2021-50 | 2021-6-1 | AnnouncementonProvidingAdvertisingServicestoandConductingConnectedTransactionwithOverseasChineseTownHoldingsCompany(OCTGroup) | SecuritiesTimesB21,ShanghaiSecuritiesNews49etc. |
| 2021-51 | 2021-6-1 | AnnouncementonSecurityforControllingCompany | SecuritiesTimesB21,ShanghaiSecuritiesNews49etc. |
| 2021-52 | 2021-6-18 | AnnouncementonProgressofTransferof51%ofEquityinShenzhenKangxinRealEstateCo.,Ltd. | SecuritiesTimesB21,ShanghaiSecuritiesNews96etc. |
| 2021-53 | 2021-6-19 | AnnouncementonReplytoInquiryLetteron2020AnnualReportfromShenzhenStockExchange | SecuritiesTimesB18,ShanghaiSecuritiesNews38etc. |
XIVSignificantEventsofSubsidiaries
□Applicable√Notapplicable
PartVIIShareChangesandShareholderInformation
IShareChanges
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 | 0.00% | |||||
| 1.3Sharesheldbyotherdomesticinvestors | 19,500 | 0.00% | 19,500 | 0.00% | |||||
| Sharesheldbydomesticlegalperson | |||||||||
| Sharesheldbydomesticnaturalpersons | 19,500 | 0.00% | 19,500 | 0.00% | |||||
| 2.Unrestrictedshares | 2,407,925,908 | 100.00% | 2,407,925,908 | 100.00% | |||||
| 2.1RMB-denominatedordinaryshares | 1,596,574,300 | 66.31% | 1,596,574,300 | 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√NotapplicableApprovalofthesharechanges:
□Applicable√NotapplicableTransferofshareownership:
□Applicable√NotapplicableProgressonanysharerepurchase:
□Applicable√NotapplicableProgressonreducingtherepurchasedsharesbymeansofcentralizedbidding:
□Applicable√NotapplicableEffectsofthesharechangesonthebasicanddilutedearningspershare,equitypershareattributabletotheCompany’sordinaryshareholdersandotherfinancialindicatorsoftheprioryearandtheprioraccountingperiod,respectively:
□Applicable√NotapplicableOtherinformationthattheCompanyconsidersnecessaryorisrequiredbythesecuritiesregulatortobedisclosed:
□Applicable√Notapplicable
2.ChangesinRestrictedShares
□Applicable√NotapplicableIIIssuanceandListingofSecurities
□Applicable√NotapplicableIIIShareholdersandTheirHoldingsasatthePeriod-End
Unit:share
| Numberofordinaryshareholders | 106,460 | Numberofpreferredshareholderswithresumedvotingrights(ifany)(seenote8) | |||||||||
| 5%orgreaterordinaryshareholdersortop10ordinaryshareholders | |||||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalordinarysharesheldattheperiod-end | Increase/decreaseintheReportingPeriod | Restrictedordinarysharesheld | Unrestrictedordinarysharesheld | Sharesinpledge,markedorfrozen | ||||
| Status | Shares | ||||||||||
| OVERSEASCHINESETOWNENTERPRISESCO.,LTD | State-ownedlegalperson | 21.75% | 523,746,932 | 0 | 0 | 523,746,932 | |||||
| CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | Foreignlegalperson | 7.48% | 180,001,110 | -2,099,092 | 0 | 180,001,110 | |||||
| WANGJINGFENG | Domestic | 4.61% | 111,000,000 | 52,672,242 | 0 | 111,000,00 | |||||
| naturalperson | 0 | |||||||||
| GUOYUANSECURITIESBROKER(HK)CO.,LTD. | Foreignlegalperson | 2.40% | 57,850,325 | -250,000 | 0 | 57,850,325 | ||||
| HOLYTIMEGROUPLIMITED | Foreignlegalperson | 2.38% | 57,289,100 | 0 | 0 | 57,289,100 | ||||
| GAOLINGFUND,L.P. | Foreignlegalperson | 2.19% | 52,801,250 | 0 | 0 | 52,801,250 | ||||
| LIHANFA | Domesticnaturalperson | 1.07% | 25,680,000 | 25,680,000 | 0 | 25,680,000 | ||||
| NAMNGAI | Foreignnaturalperson | 0.94% | 22,567,540 | 0 | 0 | 22,567,540 | ||||
| CHINAMERCHANTSSECURITIES(HK)LIMITED | State-ownedlegalperson | 0.80% | 19,358,220 | -132,100 | 0 | 19,358,220 | ||||
| ZHENGLIN | Domesticnaturalperson | 0.52% | 12,500,000 | 12,500,000 | 0 | 12,500,000 | ||||
| Strategicinvestororgenerallegalpersonbecomingatop-10ordinaryshareholderduetorightsissue(ifany)(seenote3) | N/A | |||||||||
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | HappyBloomInvestmentLimited,awholly-ownedsubsidiaryoftheCompany’sfirstmajorityshareholderOverseasChineseTownEnterprisesCo.(“OCTGroup”forshort),holds180,001,110and18,360,000ordinarysharesintheCompanyrespectivelythroughCITICSecuritiesBrokerage(HongKong)Co.,Ltd.andChinaMerchantsSecurities(HK)Limited.HappyBloomInvestmentLimitedandOverseasChineseTownEnterprisesCo.arepartiesactinginconcert.Otherthanthat,itisunknownwhethertheothershareholdersarerelatedpartiesoracting-in-concertpartiesornot. | |||||||||
| Explainifanyoftheshareholdersabovewasinvolvedinentrusting/beingentrustedwithvotingrightsorwaivingvotingrights | N/A | |||||||||
| Specialaccountforsharerepurchases(ifany)amongthetop10shareholders(seenote11) | None | |||||||||
| Top10unrestrictedordinaryshareholders | ||||||||||
| Nameofshareholder | Unrestrictedordinarysharesheldattheperiod-end | Sharesbytype | ||||||||
| Type | Shares | |||||||||
| OVERSEASCHINESETOWNENTERPRISESCO.,LTD | 523,746,932 | RMB-denominatedordinarystock | 523,746,932 | |||||||
| CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | 180,001,110 | Domesticallylistedforeignstock | 180,001,110 | |
| WANGJINGFENG | 111,000,000 | RMB-denominatedordinarystock | 111,000,000 | |
| GUOYUANSECURITIESBROKER(HK)CO.,LTD. | 57,850,325 | Domesticallylistedforeignstock | 57,850,325 | |
| HOLYTIMEGROUPLIMITED | 57,289,100 | Domesticallylistedforeignstock | 57,289,100 | |
| GAOLINGFUND,L.P. | 52,801,250 | Domesticallylistedforeignstock | 52,801,250 | |
| LIHANFA | 25,680,000 | RMB-denominatedordinarystock | 25,680,000 | |
| NAMNGAI | 22,567,540 | Domesticallylistedforeignstock | 22,567,540 | |
| CHINAMERCHANTSSECURITIES(HK)LIMITED | 19,358,220 | Domesticallylistedforeignstock | 19,358,220 | |
| ZHENGLIN | 12,500,000 | RMB-denominatedordinarystock | 12,500,000 | |
| Relatedoracting-in-concertpartiesamongtop10unrestrictedordinaryshareholders,aswellasbetweentop10unrestrictedordinaryshareholdersandtop10shareholders | HappyBloomInvestmentLimited,awholly-ownedsubsidiaryoftheCompany’sfirstmajorityshareholderOverseasChineseTownEnterprisesCo.(“OCTGroup”forshort),holds180,001,110and18,360,000ordinarysharesintheCompanyrespectivelythroughCITICSecuritiesBrokerage(HongKong)Co.,Ltd.andChinaMerchantsSecurities(HK)Limited.HappyBloomInvestmentLimitedandOverseasChineseTownEnterprisesCo.arepartiesactinginconcert.Otherthanthat,itisunknownwhethertheothershareholdersarerelatedpartiesoracting-in-concertpartiesornot. | |||
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany)(seenote4) | WangJingfengholds111,000,000A-sharesintheCompanythroughhissecuritiesaccountforcustomercredittradingguaranteeinGuotaiJunanSecuritiesCo.,Ltd.LiHanfaholds25,680,000A-sharesintheCompanythroughhissecuritiesaccountforcustomercredittradingguaranteeinWesternSecuritiesCo.,Ltd.ZhengLinholds12,500,000A-sharesintheCompanythroughhissecuritiesaccountforcustomercredittradingguaranteeinPingAnSecuritiesCo.,Ltd. | |||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.IVChangeinShareholdingsofDirectors,SupervisorsandSeniorManagement
□Applicable√NotapplicableNochangesoccurredtotheshareholdingsofthedirectors,supervisorsandseniormanagementintheReportingPeriod.Seethe2020AnnualReportformoredetails.VChangeoftheControllingShareholderortheDeFactoControllerChangeofthecontrollingshareholderintheReportingPeriod
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.ChangeofthedefactocontrollerintheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
PartVIIIPreferenceShares
□Applicable√NotapplicableNoPreferencesharesintheReportingPeriod.
PartIXBonds
√Applicable□NotapplicableIEnterpriseBonds
□Applicable√NotapplicableNoenterprisebondsintheReportingPeriod.IICorporateBonds
√Applicable□Notapplicable
1.BasicInformationoftheCorporateBonds
| Name | Abbr. | Code | Releasedate | Valuedate | Maturitydate | Bondsbalance(RMB’0,000) | Interestrate | Wayofredemption | Tradeplace |
| Privatelyplacedcorporatebondsin2019ofKonkaGroupCo.,Ltd(TrancheI)(VarietyI) | 19Konka01 | 114418 | 14January2019 | 14January2019 | 14January2022 | - | 5.00% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
| Privatelyplacedcorporatebondsin2019ofKonkaGroupCo.,Ltd(TrancheI)(VarietyII) | 19Konka02 | 114423 | 14January2019 | 14January2019 | 14January2022 | 150,000 | 5.00% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
| Privatelyplacedcorporatebondsin2019ofKonkaGroupCo.,Ltd(TrancheII)(VarietyI) | 19Konka03 | 114488 | 3June2019 | 3June2019 | 3June2022 | - | 4.50% | Interestsshallbepaideveryyearandtheprincipalsshallbe | ShenzhenStockExchange |
| repaidwhenexpired. | |||||||||
| Privatelyplacedcorporatebondsin2019ofKonkaGroupCo.,Ltd(TrancheII)(VarietyII) | 19Konka04 | 114489 | 3June2019 | 3June2019 | 3June2022 | 50,000 | 4.70% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
| Privatelyplacedcorporatebondsin2019ofKonkaGroupCo.,Ltd(TrancheIII)(VarietyI) | 19Konka05 | 114523 | 22July2019 | 22July2019 | 22July2022 | - | 4.53% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
| Privatelyplacedcorporatebondsin2019ofKonkaGroupCo.,Ltd(TrancheIII)(VarietyII) | 19Konka06 | 114524 | 22July2019 | 22July2019 | 22July2022 | 70,000 | 4.70% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
| Privatelyplacedcorporatebondsin2021ofKonkaGroupCo.,Ltd(TrancheI) | 21Konka01 | 114894 | 8January2021 | 8January2021 | 8January2024 | 100,000 | 4.46% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
| Privatelyplaced | 21Konka | 13300 | 21May | 21May | 21May | 50,000 | 4.00 | Interests | Shenz |
| corporatebondsin2021ofKonkaGroupCo.,Ltd(TrancheII) | 02 | 3 | 2021 | 2021 | 2024 | % | shallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | henStockExchange | |
| Privatelyplacedcorporatebondsin2021ofKonkaGroupCo.,Ltd(TrancheIII) | 21Konka03 | 133040 | 9July2021 | 9July2021 | 9July2024 | 80,000 | 3.95% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
| Appropriatearrangementoftheinvestors(ifany) | “19Konka01”,”19Konka02”,“19Konka03”,“19Konka04”,“19Konka05”,“19Konka06”wereplacedprivatelytoqualifiedinstitutionalinvestorsmeetingtherequirementsofmanagementmethodforinvestorseligibilityinbondsmarketofShenzhenStockExchange,and“21Konka01”,“21Konka02”,“21Konka03”wereplacedprivatelytoprofessionalinvestorsmeetingtherequirementsofmanagementmethodforinvestorseligibilityofShenzhenStockExchange,whichnotexceeding200persons. | ||||||||
| Applicabletrademechanism | ComprehensiveagreementtradeplatformofShenzhenStockExchange | ||||||||
| Riskofdelisting(ifany)andcountermeasures | No | ||||||||
Overduebonds
□Applicable√Notapplicable
2.TheTriggerandExecutionoftheOptionClauseoftheIssuersorInvestorsandtheInvestorProtectionClause
√Applicable□Notapplicable"19Konka01","19Konka03",and"19Konka05"areattachedwiththeissuer'soptionofadjustingcouponrate:andtheinvestor'sputoption.IntheReportingPeriod,theexecutionoftheaboveclausesareasfollows:
(I)On14January2021,for"19Konka01",theissuer'soptionofadjustingcouponrateandinvestor'sputoptionwereexercised.Specifically:Theissueradjustedthecouponrateforthelastyearwithinthedurationto2.80%,thesell-backquantityto10millionshares,andthesell-backamounttoRMB1billion.Thesell-backprincipalandtheinterestoftheparttowhichtheputoption
isexercisedinthecurrentperiodhavebeentransferredinfulltotheaccountspecifiedbyChinaSecuritiesDepositoryandClearingCorporationLimited(CSDC)."19Konka01"hasbeensoldbackinfullandde-listedfromthestockexchange.(II)On3June2021,for"19Konka03",theissuer'soptionofadjustingcouponrateandtheinvestor'sputoptionwereexercised.Specifically:Theissueradjustedthecouponrateforthelastyearwithinthedurationto2.80%,thesell-backquantityto5millionshares,andthesell-backamounttoRMB500million.Thesell-backprincipalandtheinterestoftheparttowhichtheputoptionisexercisedinthecurrentperiodhavebeentransferredinfulltotheaccountspecifiedbyCSDC."19Konka03"hasbeensoldbackinfullandde-listedfromthestockexchange.(III)On22July2021,for"19Konka05",theissuer'soptionofadjustingcouponrateandinvestor'sputoptionwereexercised.Specifically:Theissueradjustedthecouponrateforthelastyearwithinthedurationto2.80%,thesell-backquantityto8millionshares,andthesell-backamounttoRMB800million.Thesell-backprincipalandtheinterestoftheparttowhichtheputoptionisexercisedinthecurrentperiodhavebeentransferredinfulltotheaccountspecifiedbyCSDC."19Konka05"hasbeensoldbackinfullandde-listedfromthestockexchange.
3.AdjustmentofCreditRatingResultsduringtheReportingPeriod
□Applicable√Notapplicable
4.ExecutionandChangesofGuarantee,RepaymentPlanandOtherRepaymentGuaranteeMeasuresaswellasInfluenceonEquityofBondInvestorsduringtheReportingPeriod
□Applicable√NotapplicableIIIDebtFinancingInstrumentsofNon-financialEnterprises
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IVConvertibleCorporateBonds
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VLossesofScopeofConsolidatedFinancialStatementsduringtheReportingPeriodExceeding10%ofNetAssetsupthePeriod-endofLastYear
□Applicable√NotapplicableVITheMajorAccountingDataandtheFinancialIndicatorsoftheRecent2YearsoftheCompanyupthePeriod-end
Unit:RMB’0,000
| Item | 30June2021 | 30June2020 | Increase/decrease |
| Currentratio | 89.14% | 93.18% | -4.04% |
| Asset-liabilityratio | 79.49% | 78.51% | 0.98% |
| Quickratio | 71.44% | 76.42% | -4.98% |
| H12021 | H12020 | Increase/decrease | |
| Netprofitafterdeducting | -71,012.46 | -65,001.05 | -9.25% |
| non-recurringprofitorloss | |||
| Debt/EBITDAratio | 3.19% | 3.28% | -0.09% |
| Timesinterestearned | 1.15 | 1.22 | -5.74% |
| Timesinterestearnedofcash | -1.50 | -0.95 | -57.26% |
| TimesinterestearnedofEBITDA | 1.72 | 1.73 | -0.58% |
| Loanrepaymentrate | 100.00% | 100.00% | 0.00% |
| Interestcoverage | 100.00% | 100.00% | 0.00% |
PartXFinancialStatements
IIndependentAuditor’sReportAretheseinterimfinancialstatementsauditedbyanindependentauditor?
□Yes√NoTheinterimfinancialstatementsoftheCompanyhavenotbeenauditedbyanindependentauditor.IIFinancialStatementsCurrencyunitforthefinancialstatementsandthenotesthereto:RMB
1.ConsolidatedBalanceSheetPreparedbyKonkaGroupCo.,Ltd.
30June2021
Unit:RMB
| Item | 30June2021 | 31December2020 |
| Currentassets: | ||
| Monetaryassets | 5,808,945,725.97 | 5,431,530,180.90 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Held-for-tradingfinancialassets | 618,249,541.66 | |
| Derivativefinancialassets | ||
| Notesreceivable | 1,517,173,391.11 | 2,358,180,193.96 |
| Accountsreceivable | 4,549,591,026.59 | 3,900,897,623.59 |
| Accountsreceivablefinancing | 111,375,140.87 | 84,057,197.44 |
| Prepayments | 1,245,612,713.12 | 1,183,270,543.41 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 2,002,670,932.02 | 2,145,736,640.60 |
| Including:Interestreceivable | 54,484,552.15 | 45,109,425.85 |
| Dividendsreceivable | 547,848.62 | 4,947,848.62 |
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 5,159,261,206.91 | 4,521,300,677.41 |
| Contractassets | 3,278,002,380.34 | 2,870,006,710.39 |
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | 69,003,761.31 | 112,310,158.82 |
| Othercurrentassets | 2,245,900,952.01 | 1,913,146,483.39 |
| Totalcurrentassets | 25,987,537,230.25 | 25,138,685,951.57 |
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | 390,636,999.59 | 399,497,204.03 |
| Long-termequityinvestments | 4,465,804,131.62 | 4,375,833,584.65 |
| Investmentsinotherequityinstruments | 25,343,293.16 | 25,343,293.16 |
| Othernon-currentfinancialassets | 2,041,635,385.92 | 1,878,154,796.76 |
| Investmentproperty | 517,599,145.62 | 538,585,668.29 |
| Fixedassets | 3,355,378,019.70 | 3,178,642,017.84 |
| Constructioninprogress | 10,099,450,528.06 | 9,236,643,931.68 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 91,722,023.03 | |
| Intangibleassets | 1,169,991,792.70 | 1,189,191,001.51 |
| Developmentcosts | 57,745.03 | |
| Goodwill | 675,795,873.17 | 675,795,873.17 |
| Long-termprepaidexpense | 212,945,657.99 | 153,198,562.82 |
| Deferredincometaxassets | 1,368,257,105.54 | 1,265,916,437.39 |
| Othernon-currentassets | 1,246,223,596.72 | 1,820,779,170.74 |
| Totalnon-currentassets | 25,660,841,297.85 | 24,737,581,542.04 |
| Totalassets | 51,648,378,528.10 | 49,876,267,493.61 |
| Currentliabilities: | ||
| Short-termborrowings | 10,660,328,520.00 | 10,990,550,475.78 |
| Borrowingsfromthecentralbank | ||
| Interbankloansobtained | ||
| Held-for-tradingfinancialliabilities |
| Derivativefinancialliabilities | ||
| Notespayable | 1,084,027,559.56 | 1,335,987,026.21 |
| Accountspayable | 9,842,554,742.32 | 9,632,366,325.76 |
| Advancesfromcustomers | ||
| Contractliabilities | 809,414,528.15 | 1,217,367,735.94 |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Employeebenefitspayable | 231,185,917.73 | 476,616,244.45 |
| Taxespayable | 339,046,643.99 | 508,214,059.16 |
| Otherpayables | 1,646,751,352.19 | 1,999,430,899.69 |
| Including:Interestpayable | 214,023,683.45 | 220,837,380.17 |
| Dividendspayable | ||
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 4,327,184,538.69 | 376,896,566.29 |
| Othercurrentliabilities | 212,650,019.72 | 441,774,317.23 |
| Totalcurrentliabilities | 29,153,143,822.35 | 26,979,203,650.51 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 7,881,025,148.48 | 5,964,748,997.54 |
| Bondspayable | 2,992,708,333.32 | 4,993,212,788.32 |
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 68,784,148.21 | |
| Long-termpayables | 471,934,338.20 | 481,409,849.96 |
| Long-termemployeebenefits | 5,178,477.38 | 5,248,309.14 |
| payable | ||
| Provisions | 106,675,570.03 | 102,353,567.91 |
| Deferredincome | 221,156,075.12 | 446,900,524.64 |
| Deferredincometaxliabilities | 70,203,372.45 | 75,819,231.93 |
| Othernon-currentliabilities | 83,705,786.99 | 106,475,449.02 |
| Totalnon-currentliabilities | 11,901,371,250.18 | 12,176,168,718.46 |
| Totalliabilities | 41,054,515,072.53 | 39,155,372,368.97 |
| Owners’equity: | ||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 234,215,703.91 | 230,185,310.09 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -17,166,086.08 | -16,583,042.42 |
| Specificreserve | ||
| Surplusreserves | 1,211,721,109.67 | 1,211,721,109.67 |
| Generalreserve | ||
| Retainedearnings | 4,440,026,770.40 | 4,595,371,391.63 |
| TotalequityattributabletoownersoftheCompanyastheparent | 8,276,742,905.90 | 8,428,640,176.97 |
| Non-controllinginterests | 2,317,120,549.67 | 2,292,254,947.67 |
| Totalowners’equity | 10,593,863,455.57 | 10,720,895,124.64 |
| Totalliabilitiesandowners’equity | 51,648,378,528.10 | 49,876,267,493.61 |
Legalrepresentative:ZhouBinCFO:LiChunleiHeadofthefinancialdepartment:GuoZhihua
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 30June2021 | 31December2020 |
| Currentassets: | ||
| Monetaryassets | 3,267,327,229.79 | 3,481,445,560.17 |
| Held-for-tradingfinancialassets | 298,497,458.33 | |
| Derivativefinancialassets | ||
| Notesreceivable | 791,122,441.73 | 879,589,355.91 |
| Accountsreceivable | 7,116,649,107.58 | 4,473,251,691.85 |
| Accountsreceivablefinancing | 5,659,400.00 | |
| Prepayments | 857,806,880.32 | 1,021,218,285.46 |
| Otherreceivables | 11,189,761,973.66 | 10,034,869,353.07 |
| Including:Interestreceivable | 53,913,996.27 | 41,138,869.97 |
| Dividendsreceivable | 746,582,755.50 | 749,431,635.50 |
| Inventories | 283,635,455.44 | 202,406,456.36 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 1,194,303,609.77 | 1,020,031,186.39 |
| Totalcurrentassets | 24,700,606,698.29 | 21,416,968,747.54 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 9,030,712,765.79 | 8,806,166,599.56 |
| Investmentsinotherequityinstruments | 17,940,215.36 | 17,940,215.36 |
| Othernon-currentfinancialassets | 203,000,000.00 | 250,230,000.00 |
| Investmentproperty | 399,312,419.35 | 406,237,236.91 |
| Fixedassets | 468,176,972.04 | 431,762,044.14 |
| Constructioninprogress | 164,703,458.80 | 132,464,938.18 |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 5,057,474.73 | |
| Intangibleassets | 56,983,456.40 | 59,506,272.63 |
| Developmentcosts | ||
| Goodwill | ||
| Long-termprepaidexpense | 14,736,111.41 | 16,532,521.69 |
| Deferredincometaxassets | 1,037,414,801.42 | 980,095,292.53 |
| Othernon-currentassets | 11,225,866.61 | 10,867,888.84 |
| Totalnon-currentassets | 11,409,263,541.91 | 11,111,803,009.84 |
| Totalassets | 36,109,870,240.20 | 32,528,771,757.38 |
| Currentliabilities: | ||
| Short-termborrowings | 4,949,529,416.45 | 5,052,990,048.93 |
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | 853,626,661.37 | 1,344,958,738.50 |
| Accountspayable | 7,374,735,672.62 | 6,811,467,585.39 |
| Advancesfromcustomers | ||
| Contractliabilities | 1,005,663,444.32 | 723,022,740.95 |
| Employeebenefitspayable | 58,059,951.87 | 147,391,317.06 |
| Taxespayable | 6,030,867.92 | 4,094,133.23 |
| Otherpayables | 5,693,492,635.27 | 4,275,347,622.57 |
| Including:Interestpayable | 207,030,892.91 | 215,828,625.04 |
| Dividendspayable | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 4,002,494,735.07 | 5,867,425.49 |
| Othercurrentliabilities | 1,271,479.50 | 6,108,675.36 |
| Totalcurrentliabilities | 23,944,904,864.39 | 18,371,248,287.48 |
| Non-currentliabilities: | ||
| Long-termborrowings | 3,432,907,132.95 | 2,930,034,612.32 |
| Bondspayable | 2,992,708,333.32 | 4,993,212,788.32 |
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 2,851,542.40 | |
| Long-termpayables | 17,633,249.67 | |
| Long-termemployeebenefitspayable | ||
| Provisions | 912,275.65 | 832,465.72 |
| Deferredincome | 40,832,761.33 | 61,530,557.55 |
| Deferredincometaxliabilities | 2,334,364.58 | |
| Othernon-currentliabilities | 10,433,597.66 | 54,162,098.05 |
| Totalnon-currentliabilities | 6,480,645,643.31 | 8,059,740,136.21 |
| Totalliabilities | 30,425,550,507.70 | 26,430,988,423.69 |
| Owners’equity: | ||
| Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 109,898,727.37 | 112,570,352.72 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -1,500,000.00 | -2,682,217.31 |
| Specificreserve | ||
| Surplusreserves | 1,227,564,785.19 | 1,227,564,785.19 |
| Retainedearnings | 1,940,410,811.94 | 2,352,385,005.09 |
| Totalowners’equity | 5,684,319,732.50 | 6,097,783,333.69 |
| Totalliabilitiesandowners’equity | 36,109,870,240.20 | 32,528,771,757.38 |
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | H12021 | H12020 |
| 1.Revenue | 21,810,161,873.08 | 17,524,183,896.74 |
| Including:Operatingrevenue | 21,810,161,873.08 | 17,524,183,896.74 |
| Interestincome | ||
| Insurancepremiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 22,632,427,029.23 | 18,353,408,488.70 |
| Including:Costofsales | 20,817,175,713.78 | 16,268,993,432.88 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 44,456,361.94 | 29,184,440.36 |
| Sellingexpense | 667,662,036.47 | 969,224,381.98 |
| Administrativeexpense | 359,053,667.07 | 440,915,780.44 |
| R&Dexpense | 284,663,467.26 | 258,049,586.29 |
| Financecosts | 459,415,782.71 | 387,040,866.75 |
| Including:Interestexpense | 488,330,464.76 | 532,953,584.28 |
| Interestincome | 78,303,181.42 | 124,261,830.72 |
| Add:Otherincome | 720,696,356.02 | 318,094,852.34 |
| Returnoninvestment(“-”forloss) | 322,244,312.89 | 598,693,576.59 |
| Including:Shareofprofitorlossofjointventuresandassociates | 19,335,816.88 | 44,717,625.76 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | 40,362,513.73 | |
| Creditimpairmentloss(“-”forloss) | -71,392,178.06 | -39,887,507.18 |
| Assetimpairmentloss(“-”forloss) | -29,538,732.82 | -1,985,659.95 |
| Assetdisposalincome(“-”forloss) | 88,668.35 | 98,454,282.86 |
| 3.Operatingprofit(“-”forloss) | 160,195,783.96 | 144,144,952.70 |
| Add:Non-operatingincome | 21,618,277.79 | 8,661,773.48 |
| Less:Non-operatingexpense | 6,793,873.14 | 7,136,875.35 |
| 4.Profitbeforetax(“-”forloss) | 175,020,188.61 | 145,669,850.83 |
| Less:Incometaxexpense | 84,263,268.37 | 73,425,522.47 |
| 5.Netprofit(“-”fornetloss) | 90,756,920.24 | 72,244,328.36 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 90,756,920.24 | 72,244,328.36 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoownersoftheCompanyastheparent | 85,449,919.57 | 94,701,792.63 |
| 5.2.1Netprofitattributabletonon-controllinginterests | 5,307,000.67 | -22,457,464.27 |
| 6.Othercomprehensiveincome,netoftax | -1,547,270.99 | 1,158,124.63 |
| AttributabletoownersoftheCompanyastheparent | -583,043.66 | -316,704.47 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbe |
| reclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | -583,043.66 | -316,704.47 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | 1,486,086.18 | |
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -2,069,129.84 | -316,704.47 |
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | -964,227.33 | 1,474,829.10 |
| 7.Totalcomprehensiveincome | 89,209,649.25 | 73,402,452.99 |
| AttributabletoownersoftheCompanyastheparent | 84,866,875.91 | 94,385,088.16 |
| Attributabletonon-controllinginterests | 4,342,773.34 | -20,982,635.17 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.0355 | 0.0393 |
| 8.2Dilutedearningspershare | 0.0355 | 0.0393 |
Legalrepresentative:ZhouBinCFO:LiChunleiHeadofthefinancialdepartment:GuoZhihua
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | H12021 | H12020 |
| 1.Operatingrevenue | 1,201,381,406.70 | 3,375,446,030.89 |
| Less:Costofsales | 1,079,261,558.34 | 2,951,099,830.85 |
| Taxesandsurcharges | 2,722,585.37 | 2,456,004.49 |
| Sellingexpense | 153,803,101.46 | 346,758,543.10 |
| Administrativeexpense | 129,288,020.36 | 159,850,052.74 |
| R&Dexpense | 21,919,059.86 | 25,536,247.49 |
| Financecosts | 185,312,072.03 | 174,356,605.73 |
| Including:Interestexpense | 395,636,089.83 | 430,353,727.41 |
| Interestincome | 249,552,400.35 | 242,970,045.01 |
| Add:Otherincome | 31,506,992.96 | 60,280,939.33 |
| Returnoninvestment(“-”forloss) | 196,794,318.43 | 508,865,061.70 |
| Including:Shareofprofitorlossofjointventuresandassociates | 6,396,453.37 | -699,839.38 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | 1,656,645.84 | |
| Creditimpairmentloss(“-”forloss) | -86,149,702.67 | -10,198,271.78 |
| Assetimpairmentloss(“-”forloss) | -2,818,595.77 | 5,726,253.37 |
| Assetdisposalincome(“-”forloss) | 98,600,000.00 | |
| 2.Operatingprofit(“-”forloss) | -229,935,331.93 | 378,662,729.11 |
| Add:Non-operatingincome | 4,699,664.41 | 315,565.50 |
| Less:Non-operatingexpense | 5,616,310.83 | 225,566.38 |
| 3.Profitbeforetax(“-”forloss) | -230,851,978.35 | 378,752,728.23 |
| Less:Incometaxexpense | -59,671,308.58 | 84,301,541.05 |
| 4.Netprofit(“-”fornetloss) | -171,180,669.77 | 294,451,187.18 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | -171,180,669.77 | 294,451,187.18 |
| 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 |
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | 1,182,217.31 | |
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | 1,486,086.18 | |
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 5.2.5Reserveforcashflowhedges | ||
| 5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -303,868.87 | |
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | -169,998,452.46 | 294,451,187.18 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | ||
| 7.2Dilutedearningspershare |
5.ConsolidatedCashFlowStatement
Unit:RMB
| Item | H12021 | H12020 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 20,963,019,142.28 | 17,398,919,184.79 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | 259,574,846.93 | 108,772,128.38 |
| Cashgeneratedfromotheroperatingactivities | 984,633,539.35 | 2,067,915,221.82 |
| Subtotalofcashgeneratedfromoperatingactivities | 22,207,227,528.56 | 19,575,606,534.99 |
| Paymentsforcommoditiesandservices | 20,801,856,591.59 | 17,115,676,821.64 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 1,040,180,023.02 | 917,713,468.04 |
| Taxespaid | 571,610,951.43 | 628,428,831.21 |
| Cashusedinotheroperatingactivities | 1,078,341,184.55 | 1,990,154,341.58 |
| Subtotalofcashusedinoperatingactivities | 23,491,988,750.59 | 20,651,973,462.47 |
| Netcashgeneratedfrom/usedinoperatingactivities | -1,284,761,222.03 | -1,076,366,927.48 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 242,490,592.58 | 387,119,277.60 |
| Returnoninvestment | 79,850,437.97 | 80,623,751.66 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 233,374,028.57 | 40,444,106.56 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | 133,143,680.12 | 3,287,293.86 |
| Cashgeneratedfromotherinvestingactivities | 726,997,513.51 | 1,208,757,541.14 |
| Subtotalofcashgeneratedfrominvestingactivities | 1,415,856,252.75 | 1,720,231,970.82 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 2,434,111,266.54 | 1,701,324,660.79 |
| Paymentsforinvestments | 334,832,168.49 | 8,670,001.00 |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 96,500,000.00 | |
| Cashusedinotherinvestingactivities | 335,799,856.00 | 152,930,416.99 |
| Subtotalofcashusedininvestingactivities | 3,201,243,291.03 | 1,862,925,078.78 |
| Netcashgeneratedfrom/usedininvestingactivities | -1,785,387,038.28 | -142,693,107.96 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | 82,672,396.60 | 94,836,439.00 |
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 82,672,396.60 | 94,836,439.00 |
| Borrowingsraised | 11,408,374,380.36 | 10,423,573,485.62 |
| Cashgeneratedfromotherfinancingactivities | 595,358,784.49 | 945,876,029.73 |
| Subtotalofcashgeneratedfromfinancingactivities | 12,086,405,561.45 | 11,464,285,954.35 |
| Repaymentofborrowings | 7,054,124,522.30 | 8,790,985,658.27 |
| Interestanddividendspaid | 612,510,498.19 | 383,175,132.72 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | 7,497,000.00 | 10,513,500.00 |
| Cashusedinotherfinancingactivities | 480,205,100.51 | 1,033,904,254.73 |
| Subtotalofcashusedinfinancingactivities | 8,146,840,121.00 | 10,208,065,045.72 |
| Netcashgeneratedfrom/usedinfinancingactivities | 3,939,565,440.45 | 1,256,220,908.63 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | -7,488,067.32 | 7,043,028.89 |
| 5.Netincreaseincashandcashequivalents | 861,929,112.82 | 44,203,902.08 |
| Add:Cashandcashequivalents,beginningoftheperiod | 4,298,056,113.24 | 4,493,701,917.22 |
| 6.Cashandcashequivalents,endoftheperiod | 5,159,985,226.06 | 4,537,905,819.30 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
| Item | H12021 | H12020 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 1,579,711,912.72 | 3,385,079,007.56 |
| Taxrebates | 125,466,130.99 | 35,643,807.10 |
| Cashgeneratedfromotheroperatingactivities | 253,268,585.04 | 6,304,828,904.25 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,958,446,628.75 | 9,725,551,718.91 |
| Paymentsforcommoditiesandservices | 2,203,917,150.41 | 2,037,612,946.86 |
| Cashpaidtoandforemployees | 186,615,478.74 | 193,201,951.98 |
| Taxespaid | 5,362,665.96 | 7,317,308.11 |
| Cashusedinotheroperatingactivities | 315,831,641.28 | 7,103,806,174.57 |
| Subtotalofcashusedinoperatingactivities | 2,711,726,936.39 | 9,341,938,381.52 |
| Netcashgeneratedfrom/usedinoperatingactivities | -753,280,307.64 | 383,613,337.39 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 336,545,500.00 | 395,943,265.00 |
| Returnoninvestment | 7,738,365.75 | 15,939,575.07 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 208,313.77 | 53,456.56 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | 3,061,287,812.44 | 1,129,057,041.14 |
| Subtotalofcashgeneratedfrominvestingactivities | 3,405,779,991.96 | 1,540,993,337.77 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 100,219,361.16 | 44,012,965.74 |
| Paymentsforinvestments | 416,340,000.00 | 966,864,001.00 |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | 3,653,620,787.61 | 112,930,416.99 |
| Subtotalofcashusedininvestingactivities | 4,170,180,148.77 | 1,123,807,383.73 |
| Netcashgeneratedfrom/usedininvestingactivities | -764,400,156.81 | 417,185,954.04 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsraised | 7,831,733,994.04 | 7,094,864,642.27 |
| Cashgeneratedfromotherfinancingactivities | 4,872,687,703.97 | 132,563,907.20 |
| Subtotalofcashgeneratedfromfinancingactivities | 12,704,421,698.01 | 7,227,428,549.47 |
| Repaymentofborrowings | 5,460,556,762.28 | 6,842,198,610.76 |
| Interestanddividendspaid | 555,580,595.63 | 322,326,562.77 |
| Cashusedinotherfinancingactivities | 5,048,804,238.24 | 381,866,448.33 |
| Subtotalofcashusedinfinancingactivities | 11,064,941,596.15 | 7,546,391,621.86 |
| Netcashgeneratedfrom/usedinfinancingactivities | 1,639,480,101.86 | -318,963,072.39 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | -524,306.83 | 3,386,774.26 |
| 5.Netincreaseincashandcashequivalents | 121,275,330.58 | 485,222,993.30 |
| Add:Cashandcashequivalents,beginningoftheperiod | 2,910,762,592.99 | 1,337,342,186.92 |
| 6.Cashandcashequivalents,endoftheperiod | 3,032,037,923.57 | 1,822,565,180.22 |
7.ConsolidatedStatementsofChangesinOwners’Equity
H12021
Unit:RMB
| Item | H12021 | ||||||||||||||
| EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
| Preferredshares | Perpetualbonds | Other | |||||||||||||
| 1.Balanceasattheendoftheperiodofprioryear | 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.BalanceasatthebeginningoftheReportingPeriod | 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) | 4,030,393.82 | -583,043.66 | -155,344,621.23 | -151,897,271.07 | 24,865,602.00 | -127,031,669.07 | |||||||
| 3.1Totalcomprehensiveincome | -583,043.66 | 85,449,919.57 | 84,866,875.91 | 4,342,773.34 | 89,209,649.25 | ||||||||
| 3.2Capitalincreasedandreducedbyowners | 4,030,393.82 | 4,030,393.82 | 20,522,828.66 | 24,553,222.48 | |||||||||
| 3.2.1Ordinarysharesincreasedbyowners | 12,701,396.58 | 12,701,396.58 | |||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | |||||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | |||||||||||||
| 3.2.4Other | 4,030,393.82 | 4,030,393.82 | 7,821,432.08 | 11,851,825.90 | |||||||||
| 3.3Profitdistribution | -240,794,540.80 | -240,794,540.80 | -240,794,540.80 | ||||||||||
| 3.3.1Appropriationtosurplusreserves | |||||||||||||
| 3.3.2Appropriationtogeneralreserve |
| 3.3.3Appropriationtoowners(orshareholders) | -240,794,540.80 | -240,794,540.80 | -240,794,540.80 | ||||||||||
| 3.3.4Other | |||||||||||||
| 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.BalanceasattheendoftheReportingPeriod | 2,407,945,408.00 | 234,215,703.91 | -17,166,086.08 | 1,211,721,109.67 | 4,440,026,770.40 | 8,276,742,905.90 | 2,317,120,549.67 | 10,593,863,455.57 |
H12020
Unit:RMB
| Item | H12020 | ||||||||||||||
| EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
| Preferredshares | Perpetualbonds | Other | |||||||||||||
| 1.Balanceasattheendoftheperiodofprioryear | 2,407,945,408.00 | 230,368,577.09 | -21,293,103.52 | 1,211,721,109.67 | 4,239,763,606.89 | 8,068,505,598.13 | 1,858,192,188.67 | 9,926,697,786.80 | |||||||
| Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||||
| Adjustmentforcorrectionofpreviouserror | |||||||||||||||
| Adjustmentforbusinesscombinationundercommoncontrol | |||||||||||||
| Otheradjustments | |||||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriod | 2,407,945,408.00 | 230,368,577.09 | -21,293,103.52 | 1,211,721,109.67 | 4,239,763,606.89 | 8,068,505,598.13 | 1,858,192,188.67 | 9,926,697,786.80 | |||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -316,704.47 | -25,695,477.77 | -26,012,182.24 | 34,565,695.53 | 8,553,513.29 | ||||||||
| 3.1Totalcomprehensiveincome | -316,704.47 | 94,701,792.63 | 94,385,088.16 | -20,982,635.17 | 73,402,452.99 | ||||||||
| 3.2Capitalincreasedandreducedbyowners | 66,061,830.70 | 66,061,830.70 | |||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | 86,836,439.00 | 86,836,439.00 | |||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | |||||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | |||||||||||||
| 3.2.4Other | -20,774,608.30 | -20,774,608.30 | |||||||||||
| 3.3Profitdistribution | -120,397,270.40 | -120,397,270.40 | -10,513,500.00 | -130,910,770.40 | |||||||||
| 3.3.1Appropriationtosurplusreserves | |||||||||||||
| 3.3.2Appropriationtogeneralreserve | |||||||||||||
| 3.3.3Appropriationto | -120,397,270.40 | -120,397,270.40 | -10,513,500.00 | -130,910,770.40 |
| owners(orshareholders) | |||||||||||||
| 3.3.4Other | |||||||||||||
| 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.BalanceasattheendoftheReportingPeriod | 2,407,945,408.00 | 230,368,577.09 | -21,609,807.99 | 1,211,721,109.67 | 4,214,068,129.12 | 8,042,493,415.89 | 1,892,757,884.20 | 9,935,251,300.09 |
8.StatementsofChangesinOwners’EquityoftheCompanyastheParent
H12021
Unit:RMB
| Item | H12021 | |||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
| Preferredshares | Perpetualbonds | Other | ||||||||||
| 1.Balanceasattheendoftheperiodofprioryear | 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 | 1,017.42 | 1,017.42 | ||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriod | 2,407,945,408.00 | 112,570,352.72 | -2,682,217.31 | 1,227,564,785.19 | 2,352,386,022.51 | 6,097,784,351.11 | ||||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -2,671,625.35 | 1,182,217.31 | -411,975,210.57 | -413,464,618.61 | ||||||||
| 3.1Totalcomprehensiveincome | 1,182,217.31 | -171,180,669.77 | -169,998,452.46 | |||||||||
| 3.2Capitalincreasedandreducedbyowners | -2,671,625.35 | -2,671,625.35 | ||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | ||||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||||
| 3.2.4Other | -2,671,625.35 | -2,671,625.35 | ||||||||||
| 3.3Profitdistribution | -240,794,540.80 | -240,794,540.80 | ||||||||||
| 3.3.1Appropriationtosurplusreserves | ||||||||||||
| 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.BalanceasattheendoftheReportingPeriod | 2,407,945,408.00 | 109,898,727.37 | -1,500,000.00 | 1,227,564,785.19 | 1,940,410,811.94 | 5,684,319,732.50 |
H12020
Unit:RMB
| Item | H12020 | |||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |
| Preferredshares | Perpetualbonds | Other |
| 1.Balanceasattheendoftheperiodofprioryear | 2,407,945,408.00 | 114,018,066.79 | -2,682,217.31 | 1,227,564,785.19 | 2,245,698,875.22 | 5,992,544,917.89 | ||||
| Add:Adjustmentforchangeinaccountingpolicy | ||||||||||
| Adjustmentforcorrectionofpreviouserror | ||||||||||
| Otheradjustments | 20,256,240.41 | 20,256,240.41 | ||||||||
| 2.BalanceasatthebeginningoftheReportingPeriod | 2,407,945,408.00 | 114,018,066.79 | -2,682,217.31 | 1,227,564,785.19 | 2,265,955,115.63 | 6,012,801,158.30 | ||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | 174,053,916.78 | 174,053,916.78 | ||||||||
| 3.1Totalcomprehensiveincome | 294,451,187.18 | 294,451,187.18 | ||||||||
| 3.2Capitalincreasedandreducedbyowners | ||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | ||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||
| 3.2.4Other | ||||||||||
| 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.BalanceasattheendoftheReportingPeriod | 2,407,945,408.00 | 114,018,066.79 | -2,682,217.31 | 1,227,564,785.19 | 2,440,009,032.41 | 6,186,855,075.08 |
KonkaGroupCo.,Ltd.NotestoFinancialStatementsforH12021
(Allamountsareexpressed,unlessotherwisestated,inRenminbi(RMB).)I.CompanyProfile
1.EstablishmentKonkaGroupCo.,Ltd.(hereinafterreferredtoas“Company”or“theCompany”),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,asof30June2021,theCompanyhasissuedatotalof2,407,945,408.00shares(denominationofRMB1pershare)witharegisteredcapitalofRMB2,407,945,408.00.
3.Thenatureofthecompany'sbusinessandmainoperatingactivitiesTheCompanyanditssubsidiariesaremainlyengagedintheproductionandsalesofcolourTVs,whitegoods,PCB,etc.;Industrytradebusiness,environmentalprotection,semi-conductor,etc.
4.ThefinancialstatementscontainedhereinhavebeenapprovedforissuebytheBoardofDirectorsoftheCompanyon26August2021.II.Consolidationscope
1.TheCompanyhasatotalof150subsidiariesincludedintheconsolidationscopeincludingElectronicsTechnology,AnhuiKonka,DongguanKonka.TheconsolidationscopeoftheCompanyfortheReportingPeriodincreasedby13householdsincludingNantongHongdinduetoincorporationanddecreasedby6householdsincludingShenzhenKangxinPropertyduetolosingcontrolorcancellationcomparedtothepreviousyear.Fordetails,pleaserefertoNote7“Changesintheconsolidationscope”andNote8"EquityinOtherEntities".
2.AchecklistofcorporatenamesandtheirabbreviationsmentionedinthisReport
| No. | Corporatename | Abbreviation |
| 1 | AnhuiKonkaZhilianE-CommerceCo.,Ltd. | AnhuiZhilian |
| 2 | HaimenKonkaSmartTechnologyCo.,Ltd. | HaimenKonka |
| 3 | ChengduKonkaSmartTechnologyCo.,Ltd. | ChengduKonkaSmart |
| 4 | ChengduKonkaElectronicCo.,Ltd. | ChengduKonkaElectronic |
| 5 | NantongHongdinSmartTechnologyCo.,Ltd. | NantongHongdin |
| 6 | ShenzhenYouzhihuiTechnologyCo.,Ltd. | Youzhihui |
| 7 | ShenzhenXiaojiaTechnologyCo.,Ltd. | XiaojiaTechnology |
| 8 | LiaoyangKangshunSmartTechnologyCo.,Ltd. | LiaoyangKangshunSmart |
| 9 | LiaoyangKangshunRenewableResourcesCo.,Ltd. | LiaoyangKangshunRenewable |
| 10 | NanjingKonkaElectronicsCo.,Ltd. | NanjingKonka |
| No. | Corporatename | Abbreviation |
| 11 | ChuzhouKonkaPrecisionIntelligentManufacturingTechnologyCo.,Ltd. | ChuzhouKonka |
| 12 | Xi'anHuashengJiachengRealEstateCo.,Ltd. | Xi'anHuasheng |
| 13 | GuangDongXingDaHongYeElectronicCo.,Ltd. | XingDaHongYe |
| 14 | ShanghaiXinfengZhuoqunPCBCo.,Ltd. | ShanghaiXinfeng |
| 15 | ShenzhenKonkaCircuitCo.,Ltd. | KonkaCircuit |
| 16 | SuiningKonkaSoftElectronicTechnologyCo.,Ltd. | KonkaSoftElectronic |
| 17 | SuiningKonkaHongyeElectronicsCo.,Ltd. | KonkaHongyeElectronics |
| 18 | BoluoKonkaPrecisionTechnologyCo.,Ltd. | BoluoPrecision |
| 19 | BoluoKonkaPCBCo.,Ltd. | BoluoKonka |
| 20 | XiamenDalongTradingCo.,Ltd. | XiamenDalong |
| 21 | ShenzhenKonkaElectronicsTechnologyCo.,Ltd. | ElectronicsTechnology |
| 22 | AnhuiKonkaTongchuangElectricalAppliancesCo.,Ltd. | AnhuiTongchuang |
| 23 | JiangsuKonkaSmartElectricalAppliancesCo.,Ltd. | JiangsuKonkaSmart |
| 24 | AnhuiKonkaElectricalApplianceTechnologyCo.,Ltd. | AnhuiElectricalAppliance |
| 25 | HenanFrestecRefrigerationApplianceCo.,Ltd. | FrestecRefrigeration |
| 26 | HenanFrestecElectricalAppliancesCo.,Ltd. | FrestecElectricalAppliances |
| 27 | HenanFrestecHouseholdAppliancesCo.,Ltd. | FrestecHouseholdAppliances |
| 28 | HenanFrestecSmartHomeTechnologyCo.,Ltd. | FrestecSmartHome |
| 29 | ShenzhenKonkaInvestmentHoldingsCo.,Ltd. | KonkaInvestment |
| 30 | YibinKonkaTechnologyParkOperationCo.,Ltd. | YibinKonkaTechnologyPark |
| 31 | ShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd. | KonkaCapital |
| 32 | ShenzhenKonkaIndustrialParkDevelopmentCo.,Ltd. | IndustrialParkDevelopment |
| 33 | KonkaSuiyongInvestment(Shenzhen)Co.,Ltd. | KonkaSuiyong |
| 34 | ShenzhenKangquanEnterpriseManagementConsultingCo.,Ltd. | KangquanEnterprise |
| 35 | ShenzhenKonkaSuyuanInvestmentIndustrialCo.,Ltd. | KonkaSuyuan |
| 36 | ShenzhenKonkaShengxingIndustrialCo.,Ltd. | ShengxingIndustrial |
| 37 | ShenzhenKonkaZhitongTechnologyCo.,Ltd. | ZhitongTechnology |
| 38 | KonkaFactoring(Shenzhen)Co.,Ltd. | KonkaFactoring |
| 39 | BeijingKonkaElectronicCo.,Ltd. | BeijingKonkaElectronic |
| 40 | KonkaFinancialLeasing(Tianjin)Co.,Ltd. | KonkaLeasing |
| 41 | SuiningKonkaIndustrialParkDevelopmentCo.,Ltd. | SuiningKonkaIndustrialPark |
| 42 | SuiningKonkaElectronicTechnologicalInnovationCo.,Ltd. | SuiningElectronicTechnologicalInnovation |
| 43 | ShanghaiKonkaIndustrialCo.,Ltd. | ShanghaiKonka |
| 44 | YantaiKangjinTechnologyDevelopmentCo.,Ltd. | YantaiKangjin |
| 45 | ShenzhenKonkaMobileInterconnectionTechnologyCo.,Ltd. | MobileInterconnection |
| 46 | SichuanKonkaSmartTerminalTechnologyCo.,Ltd | SichuanKonka |
| No. | Corporatename | Abbreviation |
| 47 | YibinKonkaSmartTechnologyCo.,Ltd. | YibinSmart |
| 48 | ShenzhenKONSEMICo.,Ltd. | ShenzhenKONSEMI |
| 49 | ChongqingKonkaTechnologyDevelopmentCo.,Ltd. | ChongqingKonka |
| 50 | HefeiKONSEMIStorageTechnologyCo.,Ltd. | HefeiKONSEMI |
| 51 | HefeiYiheElectronicCo.,Ltd. | YiheElectronic |
| 52 | ShenzhenKonkaHuiyingTechnologyCo.,Ltd. | ShenzhenHuiyingTechnology |
| 53 | ChongqingKonkaHuiyingTechnologyCo.,Ltd. | ChongqingHuiyingTechnology |
| 54 | KowinMemoryTechnology(Shenzhen)Co.,Limited | KowinMemory(Shenzhen) |
| 55 | KowinMemoryTechnology(HongKong)Co.,Limited | KowinMemory(HongKong) |
| 56 | KonkaXinyunSemiconductorTechnology(Yancheng)Co.,Ltd. | KonkaXinyunSemiconductor |
| 57 | KonkaIndustrialandTradeTechnology(Shenzhen)Co.,Ltd. | IndustrialandTradeTechnology |
| 58 | ShenzhenNianhuaEnterpriseManagementCo.,Ltd. | ShenzhenNianhua |
| 59 | KonkaHuazhong(Hunan)TechnologyCo.,Ltd. | KonkaHuazhong |
| 60 | ShenzhenWankaidaScienceandTechnologyCo.,Ltd. | Wankaida |
| 61 | ShenzhenKonkaChuangzhiElectricalAppliancesCo.,Ltd. | ShenzhenChuangzhiElectricalAppliances |
| 62 | SuiningJiarunPropertyCo.,Ltd. | SuiningJiarunProperty |
| 63 | ShenzhenKonkaElectricalAppliancesCo.,Ltd. | KonkaElectricalAppliances |
| 64 | ShenzhenE2infoNetworkTechnologyCo.,Ltd. | E2info |
| 65 | E2info(Hainan)NetworkTechnologyCo.,Ltd. | E2info(Hainan) |
| 66 | AnhuiKonkaElectronicCo.,Ltd. | AnhuiKonka |
| 67 | AnhuiKangzhiTradeCo.,Ltd. | KangzhiTrade |
| 68 | ShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd. | TelecommunicationTechnology |
| 69 | KonkaMobilityCo.,Limited | KonkaMobility |
| 70 | DongguanKonkaPackingMaterialsCo.,Ltd. | DongguanPacking |
| 71 | DongguanKonkaElectronicCo.,Ltd. | DongguanKonka |
| 72 | SuiningKonkaSmartTechnologyCo.,Ltd. | SuiningKonkaSmart |
| 73 | ChongqingKonkaOptoelectronicTechnologyResearchInstituteCo.,Ltd. | ChongqingOptoelectronicTechnologyResearchInstitute |
| 74 | YibinKangrunEnvironmentalTechnologyCo.,Ltd. | YibinKangrun |
| 75 | YibinKangrunMedicalWasteCentralizedTreatmentCo.,Ltd. | YibinKangrunMedical |
| 76 | YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. | YibinKangrunEnvironmentalProtection |
| 77 | NingboKhrElectricApplianceCo.,Ltd. | NingboKhrElectricAppliance |
| 78 | JiangxiKonkaNewMaterialTechnologyCo.,Ltd. | JiangxiKonka |
| 79 | JiangxiHighTransparentSubstrateMaterialTechnologyCo.,Ltd.(formerlyknownas“JiangxiGoldenPhoenixNano-GrystallizedGlassCo.,Ltd.”) | JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) |
| 80 | JiangsuKonkaSpecialMaterialTechnologyCo.,Ltd. | JiangsuKonkaSpecialMaterial |
| No. | Corporatename | Abbreviation |
| 81 | JiangxiXinfengMicrocrystallineJadeCo.,Ltd. | XinfengMicrocrystalline |
| 82 | KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd. | KonkaHuanjia |
| 83 | KonkaHuanjia(Henan)EnvironmentalTechnologyCo.,Ltd. | KonkaHuanjia(Henan) |
| 84 | ShandongEconTechnologyCo.,Ltd. | EconTechnology |
| 85 | EconEnvironmentalEngineeringCo.,Ltd. | EconEnvironmentalEngineering |
| 86 | BeijingEconRunfengTechnologyCo.,Ltd. | BeijingEcon |
| 87 | BinzhouEconZhongkeEnvironmentalTechnologyCo.,Ltd. | BinzhouEconZhongke |
| 88 | DayiKangrunWaterCo.,Ltd. | DayiKangrunWater |
| 89 | TingyuanEnvironmentalTechnology(Shanghai)Co.,Ltd. | TingyuanEnvironmental |
| 90 | ShanghaiJiyiEnvironmentalTechnologyCo.,Ltd. | ShanghaiJiyi |
| 91 | KangrunhongEnvironmentalTechnology(Yantai)Co.,Ltd. | KangrunhongEnvironmental |
| 92 | DonggangKangrunEnvironmentalManagementCo.,Ltd. | DonggangKangrun |
| 93 | GaopingKangrunEnvironmentalProtection&WaterCo.,Ltd. | GaopingKangrun |
| 94 | Xi’anGaolingKangrunEnvironmentalEngineeringCo.,Ltd. | Xi’anKangrun |
| 95 | ChangningKangrunWaterCo.,Ltd. | ChangningKangrun |
| 96 | LushanKangrunEnvironmentalManagementCo.,Ltd. | LushanKangrunEnvironmental |
| 97 | TongchuanKangrunHonghuiEnvironmentalManagementCo.,Ltd. | TongchuanKangrunHonghui |
| 98 | RushanEconWaterEnvironmentManagementCo.,Ltd. | RushanEcon |
| 99 | MengchengKangrunAnjianWaterCo.,Ltd. | MengchengKangrun |
| 100 | ChongzhouKangrunEnvironmentCo.,Ltd. | ChongzhouKangrun |
| 101 | SuiningPengxiKangrunEnvironmentalManagementCo.,Ltd. | SuiningPengxiKangrun |
| 102 | FunanKangrunWaterCo.,Ltd. | FunanKangrunWater |
| 103 | SubeiMongolAutonomousCountyKangrunWaterCo.,Ltd. | SubeiKangrunWater |
| 104 | LinfenKangrunJinzeWaterSupplyCo.,Ltd. | LinfenKangrun |
| 105 | WuhanRunyuanWastewaterTreatmentCo.,Ltd. | WuhanRunyuanWastewater |
| 106 | BinzhouWeiyijieEnvironmentalTechnologyCo.,Ltd. | BinzhouWeiyijie |
| 107 | BinzhouBeihaiJingmaiIndustrialDevelopmentCo.,Ltd. | BinzhouBeihaiJingmai |
| 108 | YantaiChunzhiranEnvironmentalTechnologyCo.,Ltd. | Chunzhiran |
| 109 | LaizhouLairunHoldingCo.,Ltd. | LairunHolding |
| 110 | LaizhouBinhaiWastewaterTreatmentCo.,Ltd. | BinhaiWastewater |
| 111 | LaizhouLairunEnvironmentalProtectionCo.,Ltd. | LairunEnvironmentalProtection |
| 112 | LaizhouLairunWastewaterTreatmentCo.,Ltd. | LairunWastewater |
| 113 | WeifangSihaiKangrunInvestmentOperationCo.,Ltd. | WeifangSihaiKangrun |
| 114 | XixianKangrunXijianWaterEnvironmentDevelopmentCo.,Ltd. | XixianKangrun |
| 115 | AnkangKangrunXinhengWaterEnvironmentCo.,Ltd. | AnkangKangrun |
| 116 | BokangRenewableResources(Yantai)Co.,Ltd. | BokangRenewable |
| 117 | KangrunchengEnvironmentalTechnology(Yantai)Co.,Ltd. | KangrunchengEnvironmentalTechnology |
| No. | Corporatename | Abbreviation |
| 118 | ShaanxiKonkaIntelligentApplianceCo.,Ltd. | ShaanxiKonkaIntelligent |
| 119 | ShenzhenKonkaPengrunTechnology&IndustryCo.,Ltd. | PengrunTechnology |
| 120 | JiaxinTechnologyCo.,Ltd. | JiaxinTechnology |
| 121 | KonkaRongheIndustrialTechnology(Zhejiang)Co.,Ltd. | KonkaRonghe |
| 122 | ChongqingKangxingruiEnvironmentalTechnologyCo.,Ltd. | ChongqingKangxingrui |
| 123 | ChongqingKangxingruiScrapedAutomobileRecyclingCo.,Ltd. | ChongqingKangxingruiAutomobileRecycling |
| 124 | ChongqingKangleiOptoelectronicTechnologyCo.,Ltd. | ChongqingKangleiOptoelectronic |
| 125 | HenanKangxinPropertyCo.,Ltd. | HenanKangxinProperty |
| 126 | ShenzhenKonkaUnifortuneTechnologyCo.,Ltd. | KonkaUnifortune |
| 127 | JialiInternational(HongKong)Limited | JialiInternational |
| 128 | SichuanKangjiatongTechnologyCo.,Ltd. | Kangjiatong |
| 129 | Kanghong(Yantai)EnvironmentalTechnologyCo.,Ltd. | Kanghong(Yantai)Environmental |
| 130 | Jiangkang(Shanghai)TechnologyCo.,Ltd. | Jiangkang(Shanghai)Technology |
| 131 | ShenzhenKonkaIntelligentManufacturingTechnologyCo.,Ltd. | KonkaIntelligentManufacturing |
| 132 | YantaiLaikangIndustrialDevelopmentCo.,Ltd. | YantaiLaikang |
| 133 | HainanKonkaMaterialTechnologyCo.,Ltd. | KonkaMaterial |
| 134 | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | KonkaVentures |
| 135 | YibinKonkaIncubatorManagementCo.,Ltd. | YibinKonkaIncubator |
| 136 | YantaiKonkaHealthcareEnterpriseServiceCo.,Ltd. | YantaiKonka |
| 137 | ChengduAnrenKonkaCulturalandCreativeIncubatorManagementCo.,Ltd. | ChengduAnren |
| 138 | GuiyangKonkaEnterpriseServiceCo.,Ltd. | KonkaEnterpriseService |
| 139 | NanjingChuanghuiSmartTechnologyCo.,Ltd. | ChuanghuiSmart |
| 140 | ShenzhenKonkaEco-DevelopmentInvestmentCo.,Ltd. | KonkaEco-Development |
| 141 | ShenzhenKangxinPropertyCo.,Ltd. | ShenzhenKangxinProperty |
| 142 | HenanKanghanPropertyCo.,Ltd. | HenanKanghanProperty |
| 143 | Konka(Europe)Co.,Ltd. | KonkaEurope |
| 144 | HongKongKonkaLimited | HongKongKonka |
| 145 | KangxinSemiconductor(Yantai)Co.,Ltd. | KangxinSemiconductor |
| 146 | HongdinInternationalTradingLimited | HongdinTrading |
| 147 | KonkaNorthAmericaLLC | KonkaNorthAmerica |
| 148 | KanghaoTechnologyCo.,Ltd. | KanghaoTechnology |
| 149 | HongdinInvestDevelopmentLimited | HongdinInvest |
| 150 | ChainKingdomMemoryTechnologiesCo.,Limited | ChainKingdomMemoryTechnologies |
| 151 | ChainKingdomMemoryTechnologies(Shenzhen)Co.,Limited | ChainKingdomMemoryTechnologies(Shenzhen) |
| 152 | HefeiChainKingdomMemoryTechnologiesCo.,Limited | HefeiChainKingdomMemoryTechnologies |
| No. | Corporatename | Abbreviation |
| 153 | KonkaSmartechLimited | KonkaSmartech |
| 154 | Hongjet(HongKong)CompanyLimited | Hongjet |
| 155 | YantaiKangyunIndustrialDevelopmentCo.,Ltd. | YantaiKangyun |
| 156 | YantaiKangyunPropertyDevelopmentCo.,Ltd. | YantaiKangyunProperty |
III.BasisforthePreparationofFinancialStatements
1.BasicforthepreparationWiththegoing-concernassumptionasthebasisandbasedontransactionsandothereventsthatactuallyoccurred,theCompanypreparedfinancialstatementsinaccordancewithTheAccountingStandardsforBusinessEnterprisesissuedbytheMinistryofFinanceandotherregulationsaswellastheaccountingpoliciesandestimationsstipulatedintheNoteIV“SignificantAccountingPoliciesandEstimations”.
2.Going-concernTheCompanydoesnotundergoanyaffairorsituationthatcausesmajordoubtaboutthecontinuousoperationcapacitywithin12monthsfromtheendoftheReportingPeriod.IV.ImportantAccountingPoliciesandEstimationsThespecificaccountingpoliciesandaccountingestimatesformulatedbythecompanybasedontheactualproductionandoperationcharacteristicsincludetherecognitionandmeasurementofbaddebtprovisionforreceivables,themeasurementofissuedinventories,theclassificationoffixedassetsanddepreciationmethods,amortizationofintangibleassets,revenuerecognitionandmeasurement,etc.
1.StatementofCompliancewiththeAccountingStandardsforBusinessEnterprisesThefinancialstatementspreparedbytheCompanyareincompliancewithincompliancewiththeAccountingStandardsforBusinessEnterprises,whichfactuallyandcompletelypresenttheCompany’sfinancialpositions,businessresultsandcashflows,andotherrelevantinformation.
2.FiscalPeriodTheCompany’sfiscalyearstartsonJanuary1andendsonDecember31ofeveryyearaccordingtotheGregoriancalendar.
3.OperatingCycleAnoperatingcyclefortheCompanyis12months,whichisalsotheclassificationcriterionfortheliquidityofitsassetsandliabilities.
4.RecordingCurrencyTheCompanyadoptedRenminbiasthebookkeepingbasecurrency.
5.AccountingTreatmentMethodsforBusinessCombinationsundertheSameControlornotundertheSameControlAsthecombiningparty,theassetsandliabilitiesobtainedbytheCompanyinabusinesscombinationunderthesamecontrolshallbemeasuredonthebasisoftheircarryingvalueinthefinalcontrollingpartyonthecombiningdate.Asforthebalancebetweenthecarryingvalueofthe
netassetsobtainedandthecarryingvalueoftheconsiderationpaidbyit,thecapitalreserveshallbeadjusted.Ifthecapitalreserveisnotsufficienttobeoffset,theretainedearningsshallbeadjusted.Theidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquireeacquiredinthebusinesscombinationunderdifferentcontrolshallbemeasuredatfairvalueontheacquisitiondate.Themergercostisthesumofthefairvalueofcashornon-cashassets,liabilitiesissuedorassumed,equitysecuritiesissued,etc.paidbytheCompanyonthepurchasedatetogaincontroloverthepurchasedpartyandalldirectlyrelatedexpensesincurredinthebusinesscombination(Themergecostofbusinesscombinationrealizedstepbystepthroughmultipletransactionsisthesumofeverysingletransaction’scost).Thebalancethatthecombinedcostgreaterthanthefairvalueshareoftheidentifiablenetassetsofthepurchasedpartyobtainedinthecombinationshallberecognizedasgoodwill;Whenthemergercostislessthanthefairvalueshareoftheidentifiablenetassetsoftheacquireeacquiredinthemerger,thefairvalueofallidentifiableassets,liabilitiesandcontingentliabilitiesacquiredinthemerger,andnon-cashassetsofthemergerconsiderationorequitysecuritiesissued,etc.shallbereviewedfirst.Afterreview,ifthemergercostisstilllessthanthefairvalueshareoftheidentifiablenetassetsoftheacquireeacquiredinthemerger,thedifferenceshallbeincludedinthenon-operatingincomeofthemergerperiod.
6.MethodsforPreparingConsolidatedFinancialStatementsThescopeofconsolidationincludestheCompanyanditsallsubsidiaries.ThefinancialstatementsofsubsidiariesareadjustedinaccordancewiththeaccountingpoliciesandaccountingperiodoftheGroupduringthepreparationoftheconsolidatedfinancialstatements,wheretheaccountingpoliciesandtheaccountingperiodsareinconsistentbetweentheGroupandsubsidiaries.Allsignificantinternaltransactions,currentbalancesandunrealizedprofitswithinthescopeofconsolidationshallbeoffsetwhenpreparingtheconsolidatedstatement.Thesharesofthesubsidiary'sowner'sequitythatdonotbelongtotheparentcompanyandthesharesofminorityshareholders'equityincurrentnetprofitandloss,othercomprehensiveincomeandtotalcomprehensiveincomeshallberespectivelylistedintheconsolidatedfinancialstatement"Minorityshareholders'equity,minorityshareholders'profitandloss,othercomprehensiveincomethatbelongstominorityshareholdersandtotalcomprehensiveincomethatbelongstominorityshareholders".Forsubsidiariesacquiredthroughmergerofenterprisesunderthesamecontrol,theiroperatingresultsandcashflowsareincludedintheconsolidatedfinancialstatementsfromthebeginningofthecurrentmergerperiod.Whenpreparingthecomparativeconsolidatedfinancialstatements,therelevantitemsinthefinancialstatementsofthepreviousyearshallbeadjustedasiftheconsolidatedreportingentityhadexistedsincethefinalcontrollingpartybegantocontrolit.ThetreatmentmethodofsupplementarydisclosureinconsolidatedfinancialstatementfortheReportingPeriodwhenthecontrollingrightisacquired,iftheequityoftheinvestedorganizationunderthesamecontrolissuccessivelyobtainedthroughseveraltransactionsandeventuallytheenterprisemergerisconducted.Forexample:Attheoccasionoftheequityoftheinvesteeunderthesamecontrolisacquiredstepbystepthroughmultipletransactions,andfinallyformthebusinesscombination,whenpreparingtheconsolidatedstatement,itshallbedeemedastheadjustmentismadeinthecurrentstatewhenthefinalcontrollingpartystartstocontrol.Andwhencompilingthecomparativereport,theassetsandliabilitiesofthemergedpartyshallbemergedintothecomparativestatementoftheconsolidatedfinancialstatementsoftheconsolidatedCompanywithoutanyearlierthanthetimewhentheCompanyandthemergedpartyareunderthecontroloftheultimatecontrollingparty,andthecombinednetincreasedassetsshallbeadjustedtotherelevantitemsunderowners'equityinthecomparativestatements.Inorderto
avoidthere-calculationofthenetassetsvalueofthemergedparty,thelong-termequityinvestmentheldbytheCompanybeforethemerger,theconfirmedrelevantprofitandlossonthesamepartywiththeCompanyandthemergedpartyonthedateofacquisitionoftheoriginalequityfromthefinalcontroldatetothemergerdate,andchangesofothercomprehensiveincomeandothernetassetsshalloffsetthebeginningretainedearningsandcurrentprofitsandlossesofthecomparativestatementperiodrespectively.Forsubsidiariesacquiredthroughbusinesscombinationunderthedifferentcontrol,theoperatingresultsandcashflowshallbeincludedintheconsolidatedfinancialstatementsfromthedatewhentheCompanyobtainsthecontrolright.Whenpreparingtheconsolidatedfinancialstatements,thefinancialstatementsofthesubsidiariesshallbeadjustedonthebasisofthefairvalueoftheidentifiableassets,liabilitiesandcontingentliabilitiesdeterminedontheacquisitiondate.ThetreatmentmethodofsupplementarydisclosureinconsolidatedfinancialstatementfortheReportingPeriodwhenthecontrollingrightisacquired,iftheequityoftheinvestedorganizationnotunderthesamecontrolissuccessivelyobtainedthroughseveraltransactionsandeventuallytheenterprisemergerisconducted.Forexample:Attheoccasionoftheequityoftheinvesteeunderdifferentcontrolisacquiredstepbystepthroughmultipletransactionsandeventuallyformthebusinesscombination,whenpreparingtheconsolidatedstatement,theequityoftheinvesteeheldbeforethepurchasedateisre-measuredaccordingtothefairvalueoftheequityonthepurchasedate,andthedifferencebetweenthefairvalueanditsbookvalueisincludedinthecurrentinvestmentincome.Theequityoftheacquireeheldbeforetherelevantpurchasedateinvolvesothercomprehensiveincomeundertheequitymethodandotherchangesinowner'sequityotherthannetprofitandloss,othercomprehensiveincomeandprofitdistribution,whichareconvertedintoinvestmentprofitandlossinthecurrentperiodofthepurchasedate,exceptforothercomprehensiveincomearisingfromtheremeasurementofdefinedbenefitplans'snetliabilitiesorchangesinnetassetsbytheinvestee.TheCompanypartiallydisposesoflong-termequityinvestmentsinsubsidiarieswithoutlosingcontrol,whenpreparingtheconsolidatedfinancialstatements,thedifferencebetweenthedisposalpriceandtheshareofnetassetsthatthesubsidiarieshavecontinuouslycalculatedsincethedateofpurchaseorthedateofconsolidationiscorrespondingtothedisposaloflong-termequityinvestments.Thecapitalpremiumorequitypremiumisadjusted.Ifthecapitalreserveisinsufficienttooffset,theretainedearningsareadjusted.IftheCompanylosescontrolovertheinvesteeduetothedisposalofsomeequityinvestmentsandotherreasons,theremainingequityshallbere-measuredatitsfairvalueonthedateoflossofcontrolwhenpreparingtheconsolidatedfinancialstatements.Thedifferencebetweenthesumoftheconsiderationobtainedfromthedisposalofequityandthefairvalueoftheremainingequity,minustheshareofthenetassetsoftheoriginalsubsidiarycalculatedonthebasisoftheoriginalshareholdingratioandcontinuouslycalculatedfromthedateofpurchaseormerger,isincludedintheinvestmentprofitandlossofthecurrentperiodwhenthecontrolrightislost,andgoodwillisoffset.Othercomprehensiveincomerelatedtotheoriginalsubsidiary'sequityinvestment,etc.,willbetransferredtothecurrentinvestmentprofitandlosswhenthecontrolrightislost.
IftheCompanydisposesoftheequityinvestmentinasubsidiarycompanystepbystepthroughmultipletransactionsuntilthelossofcontrolright,ifthetransactionsofthedisposaloftheequityinvestmentinasubsidiarycompanyuntilthelossofcontrolrightbelongtoapackagetransaction,thetransactionsshallbetreatedastransactionsofthedisposalofthesubsidiarycompanyandthelossofcontrolrightforaccounting.However,thedifferencebetweenthedisposalpriceandtheshareofthesubsidiary'snetassetscorrespondingtothedisposalinvestmentbeforethelossofcontrolrightisrecognizedasothercomprehensiveincomeintheconsolidatedfinancialstatements,andistransferredtotheinvestmentprofitandlossofthecurrentperiodwhenthecontrolrightislost.
7.ClassificationofJointArrangementsandAccountingTreatmentofJointOperationsTheCompanyclassifiesjointarrangementsintojointoperationsandjointventures.Forajointoperation,theCompany,asajointoperator,recognizestheassetsandliabilitiesthatitholdsandbearsinthejointoperation,andrecognizesthejointly-heldassetsandjointly-borneliabilitiesaccordingtotheCompany’sstakeinthejointoperation;recognizesrelevantincomeandexpenseaccordingtotheCompany’sstakeinthejointoperation.WhentheCompanypurchasesorsellstheassetsnotconstitutingbusinesswiththejointoperation,theCompanyonlyrecognizedtheshareoftheotherjointoperatorsinthegainsandlossesarisingfromthetransaction.
8.CashandCashEquivalentsIntheCompany’sunderstanding,thecashinthecashflowstatementincludescashonhandanddepositsthatcanbeusedforcover,thecashequivalentsinthecashflowstatementincludehighcirculatinginvestmentsheldwithinthreemonthswhichareeasilyconvertibleintoknownamountofcashandwhoserisksinchangeofvalueareminimal.
9.ForeignCurrencyBusinessesandTranslationofForeignCurrencyFinancialStatements
(1)ForeigncurrencytransactionAsforforeigncurrencytransaction,theCompanyconvertedtheforeigncurrencyamountintoRMBamountattheexchangerateatthebeginningofthemonthoftransactionoccurrencedate(normallyreferredtoasthecentralparityrateofforeignexchangerateonthesamedaypublishedbythePeople’sBankofChina,thesamebelow).Onthebalancesheetdate,themonetaryitemsinforeigncurrencywereconvertedintoRMBatthespotexchangerateonbalancesheetdate.Excepttheexchangedifferencearisingfromspecialforeign-currencyborrowingforthepurposeofconstructionorproductionofassetsmeetingcapitalizationconditionstreatedintheprincipleofcapitalization,theconversiondifferencewasdirectlyincludedinthecurrentprofitsandlosses.
(2)TranslationofforeigncurrencyfinancialstatementTheassetandliabilityitemsinforeigncurrencybalancesheetwereconvertedatthespotexchangerateonbalancesheetdate;exceptfor“undistributedprofit”,owner’sequityitemswereconvertedatthesportexchangerateatthetimeofbusinessoccurrence;incomeandexpenditureitemsinincomestatementwereconvertedattheaverageexchangeratefortheperiod(monthlyaverageexchangerate)ofthetransactionoccurrencedate.Theconversiondifferenceofforeigncurrencystatementsarisingfromtheaforementionedconversionwaspresentedinothercomprehensiveincomeitem.Theforeigncurrencycashflowwasconvertedattheaverageexchangeratefortheperiod(monthlyaverageexchangerate)ofthecashflowoccurrencedate.Theamountofexchangeratechangeinfluenceoncashwasindependentlypresentedincashflowstatement.
10.FinancialAssetsandFinancialLiabilitiesTheCompanyrecognizesafinancialassetorliabilitywhenitbecomesapartyoftherelevantfinancialinstrumentcontract.
(1)Financialassets
1)Classification,recognitionandmeasurementoffinancialassetsTheCompanyclassifiesthefinancialassetsintofinancialassetsmeasuredatamortizedcost,financialassetsmeasuredbythefairvalueandthechangesrecordedinothercomprehensiveincomeandfinancialassetsatfairvaluethroughprofitorlossbasedonthebusinessmodelforfinancialassetsmanagementandcharacteristicsofcontractualcashflowoffinancialassetsTheCompanyclassifiedthefinancialassetsmeetingthefollowingconditionsatthesametimeasfinancialassetsatamortizedcost:①ThebusinessmodeoftheCompanytomanagethefinancialassetstargetsatcollectingthecontractualcashflow.②Thecontractofthefinancialassetsstipulatesthatthecashflowgeneratedinthespecificdateisthepaymentoftheinterestbasedontheprincipalandoutstandingprincipalamount.Thesefinancialassetsinitiallymeasuredatfairvalueandrelevanttransactioncostshallbeincludedintotheinitialrecognizedamountandsubsequentlymeasuredatamortizedcost.Exceptforthosedesignatedtobehedgeitems,thedifferencebetweentheinitialrecognizedamountandtheamountdueshallbeamortizedatactualinterestrateandtheiramortization,impairmentandexchangegainandlossaswellasgainsorlossesarisingfromderecognitionshallberecordedintothecurrentprofitorloss.TheCompanyclassifiedthefinancialassetsmeetingthefollowingconditionsatthesametimeasfinancialassetsatfairvaluethroughothercomprehensiveincome:①TheBusinessmodeformanagingfinancialassetsoftheCompanytakescontractcashflowcollectedastargetandsellingastarget.②Thecontractofthefinancialassetsstipulatesthatthecashflowgeneratedinthespecificdateisthepaymentoftheinterestbasedontheprincipalandoutstandingprincipalamount.Thesefinancialassetsinitiallymeasuredatfairvalueandrelevanttransactioncostshallbeincludedintotheinitialrecognizedamount.Exceptforthosedesignatedashedgeditems,asforthesefinancialassets,exceptforgainsorlossesoncreditimpairment,exchangegainandlossandinterestoffinancialassetsmeasuredatactualinterestrate,othergainsorlossesgeneratedshallberecordedintoothercomprehensiveincome.Whenderecognized,theaccumulatedgainsandlossesoriginallyrecordedintoothercomprehensiveincomeshallbetransferredoutintothecurrentprofitorloss.TheCompanyrecognizesinterestincomeaccordingtotheeffectiveinterestratemethod.Interestincomeiscalculatedanddeterminedaccordingtothebookbalanceofthefinancialassetmultipliedbytheactualinterestrate,exceptforthefollowingcircumstances:①Forthefinancialassetwithcreditimpairmentthathasbeenpurchasedororiginated,fromtheinitialrecognition,theinterestincomeiscalculatedanddeterminedaccordingtotheamortizedcostofthefinancialassetandtheactualinterestrateadjustedbycredit.②Forfinancialassetspurchasedororiginatedthathavenotsufferedcreditimpairmentbuthavesufferedcreditimpairmentinsubsequentperiods,theinterestincomeshallbecalculatedanddeterminedaccordingtotheamortizedcostandactualinterestrateofthefinancialassetsinsubsequentperiods.TheCompanydesignatesnon-transactionalinvestmentinequityinstrumentsasfinancialassetsatfairvaluethroughothercomprehensiveincome.Thosedesignatednon-transactionalinvestmentinequityinstrumentsbytheCompanyisinitiallymeasuredatfairvalueandrelevanttransactioncostshallberecordedintotheinitialrecognizedamount.Exceptfordividends(excludingthosebelongingtorecoveryofinvestmentcost)whichshallberecordedintothecurrentprofitorloss,otherrelevantgainsandlosses(includingexchangegainsandlosses)shallberecordedintoothercomprehensiveincomeandcannotbetransferredintothecurrentprofitorlosssubsequently.Whenderecognized,theaccumulatedgainsorlossesoriginallyrecordedintoother
comprehensiveincomeshallbetransferredoutintoretainedearnings.Equityinstrumentinvestmentsmeasuredatfairvaluethroughothercomprehensiveincomeincluded:EquityinvestmentstobeheldinthelongtermasplannedbytheCompanyforstrategicpurpose,withnocontrol,jointcontrolorsignificanceinfluence,andwithnoactivemarketquotation.TheCompanyclassifiesfinancialassetsnotbelongingtoabovetwoasfinancialassetsatfairvaluethroughprofitorlosswhichshallbeinitiallymeasuredatfairvalueandrelevanttransactioncostshallbedirectlyrecordedintothecurrentprofitorloss.Gainsorlossesarisingfromthesefinancialassetsshallberecordedintothecurrentprofitorloss.ThecontingentconsiderationrecognizedbytheCompanyinthebusinesscombinationnotunderthesamecontrolwhichconstitutesafinancialassetshallbeclassifiedasthefinancialassetatfairvaluethroughprofitorloss.
2)RecognitionandmeasurementoffinancialassetstransferTheCompanyderecognizesafinancialassetwhenoneofthefollowingconditionsismet:
1)therightstoreceivecashflowsfromtheassethaveexpired;2)theenterprisehastransferreditsrightstoreceivecashflowsfromtheassettoathirdpartyunderapass-througharrangement;or3)theenterprisehastransferreditsrightstoreceivecashflowsfromtheassetandeither(a)hastransferredsubstantiallyalltherisksandrewardsoftheasset,or(b)hasneithertransferrednorretainedsubstantiallyalltherisksandrewardsoftheasset,buthastransferredcontroloftheasset.
Iftheoveralltransferoffinancialassetsfulfillstherequirementsforderecognition,thedifferencebetweenthebookvalueofthetransferredfinancialassetsandthesumoftheconsiderationreceivedduetothetransferandthecorrespondingderecognitionpartoftheaccumulatedamountoffairvaluechangesoriginallydirectlyincludedinothercomprehensiveincome(thecontracttermsinvolvingthetransferredfinancialassetsstipulatethatthecashflowgeneratedonaspecificdateisonlythepaymentoftheprincipalandinterestbasedontheunpaidprincipalamount)shallbeincludedinthecurrentprofitsandlosses.
Ifthepartialtransferoffinancialassetssatisfiestheconditionsforterminationconfirmation,theentirebookvalueofthetransferredfinancialassetswillbeapportionedbetweentheterminationconfirmationportionandthenon-terminationconfirmationportionaccordingtotheirrelativefairvalues,andtheconsiderationreceivedforthetransferAndtheamountcorrespondingtotheterminationoftherecognitionofthecumulativeamountofchangesinfairvalueoriginallyincludedinothercomprehensiveincomethatshouldbeapportionedtothederecognitionpartAndthepaymentofinterestbasedontheoutstandingprincipalamount),andthedifferencebetweenthetotalbookvalueoftheaforesaidfinancialassetsallocatedisincludedinthecurrentprofitandloss.
(2)Financialliabilities
1)Classification,recognitionandmeasurementoffinancialliabilitiesTheCompany’sfinancialliabilitiesare,oninitialrecognition,classifiedintofinancialliabilitiesatfairvaluethroughprofitorlossandotherfinancialliabilities.Financialliabilitiesatfairvaluethroughprofitorlossincludeheld-for-tradingfinancialliabilitiesandfinancialliabilitiesdesignatedattheinitialrecognitiontobemeasuredbythefairvalueandtheirchangesarerecordedinthecurrentprofitorloss.Thesubsequentmeasurementshallbeatfairvalueandgainsorlossesarisingfromchangesinfairvalueandthedividendsandinterestexpenserelatedtothefinancialliabilityshallbethecurrentprofitorloss.Otherfinancialliabilitiesshallbesubsequentlymeasuredatamortizedcostwithactualinterestrate.TheCompanyclassifiesfinancialliabilitiesexceptforthefollowingitemsasfinancialliabilitiesatamortizedcost:
①Financialliabilitiesatfairvaluethroughprofitorlossincludingheld-for-tradingfinancialliabilities(includingthederivativeinstrumentsbelongingtofinancialliabilities)anddesignatedfinancialliabilitiesatfairvaluethroughprofitorloss.②Financialliabilitiesarisingfromthetransferoffinancialassetsnotmeetingthederecognitionconditionsor
continuousinvolvementinthetransferredfinancialassets.③Financialguaranteecontractnotbelongingtocasesofabove①or②andloancommitmentsatinterestratelowerthanthemarketratenotbelongingtothecasein①.TheCompanytreatsthefinancialliabilityarisingfromcontingentconsiderationrecognizedasthepurchasepartyinthebusinesscombinationnotunderthesamecontrolatfairvalueandchangesthereofshallberecordedintothecurrentprofitorloss.
2)DerecognitionoffinancialliabilitiesIncaseofcurrentobligationoffinancialliabilities(orpartialfinancialliabilities)beingterminated,derecognitionofsuchfinancialliabilities(orpartialfinancialliabilities)isconductedbytheCompany.IftheCompany(borrower)concludesanagreementwiththelendertoreplaceexistingfinancialliabilitieswithnewonesandcontacttermsofnewfinancialliabilitiesaredifferentfromthoseofexistingfinancialliabilities,derecognitionofexistingfinancialliabilitiesandrecognitionofnewfinancialliabilitiesshallbeconducted.Incaseofmaterialalterationofcontracttermsofexistingfinancialliabilities(partialfinancialliabilities)bytheCompany,derecognitionofexistingfinancialliabilitiesandrecognitionofnewfinancialliabilitiesaspermodifiedtermsshallbeconducted.Incaseofderecognitionoffinancialliabilities(partialfinancialliabilities),theCompanyincludesthebalancebetweenitscarryingvalueandpaymentconsiderationintothecurrentprofitorloss.
(3)Determinationoffinancialassetsandliabilities’fairvalueTheCompanymeasuredthefairvalueoffinancialassetsandfinancialliabilitiesaccordingtothepriceatmajormarket.Ifmajormarketdoesnotexist,thefairvalueoffinancialassetsandfinancialliabilitieswasmeasuredaccordingtothepriceatthemostadvantageousmarketthroughapplyingvaluationtechniqueapplicableatthetimeandwithsufficientusabledataandotherinformationsupport.Theinputsforfairvaluemeasurementwereclassifiedintothreelevels.Level1istheunadjustedquotationofthesameassetsorliabilitiesonactivemarketavailableonthemeasurementdate.Level2istheinputofrelevantassetsorliabilitiesotherthanthatinlevel1thatareobservableeitherdirectlyorindirectly.Level3istheunobservableinputofrelevantassetsorliabilities.TheCompanypreferredlevel1input,andappliedlevel3inputatlast.Level1inputwasapplicableforlistedstockandbondheldbytheCompany,level2inputforfinancingofaccountsreceivable(mainlybankacceptancebillandtradeacceptancebillmeetingderecognitionrequirementsaftertransfer),andlevel3inputforothernon-currentfinancialassets(unlistedequityinvestmentheldbytheCompany)andheld-for-tradingfinancialassets(mainlyfinancialproductsheldbytheCompany).Thelevelattributedtothefairvaluemeasurementresultwasdeterminedaccordingtothelowestleveloftheinputwithmuchsignificancetofairvaluemeasurementingeneral.TheCompanymeasuredtheinvestmentofequityinstrumentsatfairvalue.However,underlimitedsituation,iftherecentinformationfordeterminingthefairvaluewasinsufficient,orthepotentialestimatedamountoffairvaluewasinwiderange,andthecostrepresentedtheoptimalestimationoffairvalueinsuchrange,suchcostcouldrepresentappropriateestimationoffairvalueinsuchrange.Suchequityinstrumentinvestmentsincluded:EquityinvestmentsheldbytheCompanymeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosseswithnocontrol,jointcontrolorsignificanceinfluence;non-tradingequityinstrumentinvestmentsweredesignatedasfinancialassetsmeasuredatfairvaluethroughothercomprehensiveincome.
(4)Offsettingfinancialassetsandfinancialliabilities
TheCompany’sfinancialassetsandliabilitiesshallbeseparatelypresentedinthebalancesheetandnotsetoffeachother.Butwhenmeetingthefollowingconditionsatthesametime,thenetamountafteroffsetshallbepresentedinthebalancesheet:(1)TheCompanyhasthestatutoryrighttosetoffrecognizedamountwhichiscurrentlyexecutable;(2)TheCompanyplanstosettlewiththenetamountorrealizethefinancialassetandpayoffthefinancialliabilitysimultaneously.
(5)ThedistinctionbetweenfinancialliabilitiesandequityinstrumentsandrelatedtreatmentmethodsTheCompanydistinguishesthefinancialliabilitiesandequityinstrumentsaccordingtothefollowingprinciples:(1)IftheCompanycannotunconditionallyavoidperformingacontractualobligationbydeliveringcashorotherfinancialassets,thecontractualobligationmeetsthedefinitionoffinancialliabilities.Althoughsomefinancialinstrumentsdonotexplicitlyincludethetermsandconditionsoftheobligationtodelivercashorotherfinancialassets,theymayindirectlyformcontractualobligationsthroughothertermsandconditions.(2)IfafinancialinstrumentmustbesettledwithorcanbesettledwiththeCompany'sownequityinstrument,itisnecessarytoconsiderwhethertheCompany'sownequityinstrumentusedtosettletheinstrumentisusedasasubstituteforcashorotherfinancialassets,ortoenabletheholderoftheinstrumenttoenjoytheresidualequityintheassetsoftheissuerafterdeductingallliabilities.Ifitbelongstotheformercondition,theinstrumentisthefinancialliabilityoftheissuer;ifitbelongstothelattercondition,theinstrumentistheequityinstrumentoftheissuer.Insomecases,afinancialinstrumentcontractrequirestheCompanytouseoruseitsownequityinstrumenttosettlethefinancialinstrument,inwhichtheamountofcontractualrightsorcontractualobligationsisequaltothenumberofitsownequityinstrumentsavailableortobedeliveredmultipliedbyitsfairvalueatthetimeofsettlement,regardlessofwhethertheamountofcontractualrightsorobligationsisfixed,whetheritisentirelyorpartiallybasedonchangesinvariablesotherthanthemarketpriceoftheCompany'sownequityinstruments,thecontractshallbeclassifiedasafinancialliability.Inclassifyingfinancialinstruments(ortheircomponents)intheconsolidatedstatement,theCompanyhastakenintoaccountalltermsandconditionsreachedbetweentheCompanymembersandtheholdersoffinancialinstruments.IftheCompanyasawholeundertakestheobligationtodelivercash,otherfinancialassetsorsettleaccountsinotherwaysthatcausetheinstrumenttobecomeafinancialliabilityduetotheinstrument,theinstrumentshallbeclassifiedasafinancialliability.Iffinancialinstrumentsortheircomponentsarefinancialliabilities,theCompanywillincludeinterest,dividends(ordividends),gainsorlosses,andgainsorlossesarisingfromredemptionorrefinancing,etc.inthecurrentprofitsandlosses.Iffinancialinstrumentsortheircomponentsareequityinstruments,whentheyareissued(includingrefinancing),repurchased,soldorcancelled,theCompanywilltreatthemaschangesinequityandwillnotrecognizechangesinthefairvalueofequityinstruments.
11.ImpairmentofFinancialAssetsTheCompanyneedstoconfirmthatthefinancialassetssubjecttotheimpairmentlossarethefinancialassetsmeasuredbasedontheamortizedcost,thedebtinstrumentinvestmentmeasuredbasedonthefairvaluewithitsvariationsincludedintoothercomprehensiveincomesandtheleaseoutlayreceivable,mainlyincludingnotesreceivable,accountreceivable,otherreceivables,investmentoncreditor’srights,otherinvestmentsoncreditor’srightsandlong-termreceivablesetc.Besides,inrespectofthecontractassetsandpartialfinancialguaranteecontract,correspondingimpairmentprovisionsshallbecalculatedandwithdrawnandcorrespondingcreditimpairmentlossesrecognizedaccordingtovariousaccountingpoliciesmentionedinthispart.
(1)MethodsfortheRecognitionofImpairmentProvisionsForallmentioneditemsabove,theCompanyshallcalculateandwithdrawcorrespondingimpairmentprovisionsandrecognizecorrespondingcreditimpairmentlossesaccordingtoapplicableexpectedcreditlossmeasurementmethods(generalmethodsorsimplifiedmethods)
withtheexpectedcreditlossasthebasis.Creditlossreferstothedifferencebetweenallreceivablecontractcashflowsandallexpectedcashflowsthatarediscountedtothepresentvaluebasedontheoriginalactualinterestrate--thepresentvalueofallcashshortfall.However,forthepurchasedororiginalfinancialassetssubjecttothecreditimpairment,theCompanyshallrealizethediscountingbasedontheactualinterestratesubjecttothecreditadjustment.Generalmethodsappliedtomeasuretheexpectedcreditlosscanbedescribedas:theCompanyshallevaluatewhetherthecreditriskofthefinancialassets(includingthecontractassetsandotherapplicableitems;thesamebelow)increasesremarkablyaftertheinitialrecognitiononthebalancesheetday;ifthecreditriskincreasesremarkablyaftertheinitialrecognition,theCompanyshallmeasuretheprovisionforlossbasedonthespecificexpectedcreditlossamountduringtheentireperiodofexistence;ifnot,theCompanyshallmeasuretheprovisionforlossbasedonthespecificexpectedcreditlossamountinthefollowing12months.Whileevaluatingtheexpectedcreditloss,theCompanyshalltakeallreasonableandwell-foundedinformationintoconsideration,includingtheforward-lookinginformation.Forthefinancialinstrumentoflowercreditriskonthebalancesheetday,theCompanyshallassumethatitscreditriskdoesnotincreaseremarkablyaftertheinitialrecognition,andcorrespondingprovisionforlossshallbemeasuredaccordingtotheexpectedcreditlossinthefollowing12months.
(2)StandardsforJudgingWhethertheCreditRiskIncreasesRemarkablyaftertheInitialRecognitionIfanyfinancialassets’probabilityofdefaultwithintheexpectedperiodofexistencedeterminedonthebalancesheetdayisobviouslyhigherthanthatwithintheexpectedperiodofexistencedeterminedduringtheinitialrecognition,itshallindicatetheremarkableincreaseofthefinancialassets’creditrisk.Unlessitisunderspecialcircumstances,theCompanyshalladoptvariousvariationsinthedefaultriskinthefollowing12monthsasthereasonablebasisforestimatingcorrespondingvariationsinthedefaultriskwithintheentireperiodofexistenceanddeterminingwhetherthecreditriskincreasesremarkablyaftertheinitialrecognition.
(3)CombinedMethodforEvaluatingtheExpectedCreditRiskbasedonCorrespondingCombinationForthefinancialassetswithremarkablydifferentcreditrisk,theCompanyshallseparatelyevaluateitscreditrisk,includingthereceivablesfromrelatedparties,receivablesinvolvedinanydisputewiththeotherpartyoranylawsuitandarbitration,andreceivableswithobviousevidenceshowingthatthedebtorcannotfulfilltheduepaymentobligationetc.Exceptforthefinancialassetswhosecreditriskshallbeseparatelyevaluated,theCompanyshalldividethesefinancialassetsintodifferentcombinationsbasedonthespecificriskfeatures,onwhichbasis,correspondingcreditriskscanbeevaluated.
(4)AccountingTreatmentMethodsAppliedtotheImpairmentofFinancialAssetsAttheendoftheperiod,theCompanyshallcalculatetheexpectedcreditlossesofvariousfinancialassets.Iftheexpectedcreditlossishigherthanthecarryingamountofitscurrentimpairmentprovision,thedifferenceshallberecognizedastheimpairmentloss;iflower,thedifferenceshallberecognizedasthegainfromtheimpairment.
12.NotesReceivableFornotesreceivable,theCompanyshallmeasuretheprovisionforlossbasedonthespecificexpectedcreditlossduringtheentireperiodofexistence.Accordingtothecreditriskcharacteristicsthereof,exceptthosewithseparateevaluationofcreditrisk,notesreceivablecanbedividedintodifferentcombinations:
| Item | Basis |
| BankAcceptance | TheAcceptershallbethebankwithhighcreditlevelandlowrisks |
| TradeAcceptance | Classifiedbycreditriskofacceptors(thesameasaccountsreceivable) |
13.AccountsReceivableForaccountreceivableandcontractassetsexcludingsignificantfinancingcomposition,theCompanyshallmeasuretheprovisionforlossaccordingtothespecificexpectedcreditlossamountwithintheentireperiodofexistence.Foraccountreceivable,contractassetsandleasepaymentreceivableincludingsignificantfinancingcomposition,theCompanyshallalwaysmeasuretheprovisionforlossaccordingtothespecificexpectedcreditlossamountwithintheperiodofexistence.Excepttheaccountreceivableandcontractassetswhosecreditrisksshallbeseparatelyevaluated,theCompanyshalldividethemintodifferentcombinationsbasedonthespecificcreditrisks:
| Item | Basis |
| AgingCombination | Thisportfolioisaccountsreceivablewithagingasthecreditriskfeature. |
| ProjectFundsCombination | Thisportfolioistheproject-relatedreceivables. |
| Relatedpartycombination | Theaccountsreceivablewithinthescopeofconsolidation |
14.AccountsReceivableFinancingTheCompany’saccountsreceivablefinancingisbasedonexpectedcreditlosses,andprovisionismadefordepreciationreservesinaccordancewiththeexpectedcreditlossmeasurementmethodfornotesreceivable.
15.OtherReceivablesTheCompanymeasuresthelossreservesonotherreceivablesinaccordancewiththefollowingcircumstances:a)Forfinancialassetswhosecreditriskhasnotsignificantlyincreasedsincetheinitialrecognition,theCompanymeasuresthelossreservesattheamountofexpectedcreditlossesforthenext12months;b)Forfinancialassetswhosecreditriskhasincreasedsignificantlysincetheinitialrecognition,theCompanymeasuresthelossreservesatanamountequaltotheexpectedcreditlossesfortheentireperiodofthefinancialinstrument;c)Forfinancialassetspurchasedororiginatedfromcreditimpairment,theCompanymeasuresthelossreservesatanamountequaltotheexpectedcreditlossesovertheentireperiodofthefinancialinstrument.Exceptotherreceivableswhosecreditrisksshallbeseparatelyevaluated,theCompanyshalldividethemintodifferentcombinationsbasedonthespecificcreditriskfeatures:
| Item | Basis |
| AgingCombination | Thisportfolioisaccountsreceivablewithagingasthecreditriskfeature. |
| LowRiskCombination | Thiscombinationshallregardotherreceivablesofextremelylowrisk(includingtherevolvingfund,thecashdepositandtheguaranteedeposit)asthecreditriskfeature. |
| Relatedpartycombination | Otherreceivableswithinthescopeofconsolidation. |
16.Long-termReceivablesBydeterminingwhetherthecreditriskoflong-termaccountreceivablesincreasesremarkablyaftertheinitialrecognition,theCompanyshallmeasuretheimpairmentlossbasedonthespecificexpectedcreditlossinthefollowing12monthsorduringtheentireperiodofexistence.Exceptlong-termaccountreceivableswhosecreditrisksshallbeseparatelyevaluated,theCompanyshalldividethemintodifferentcombinationsbasedonthespecificcreditriskfeatures:
| Item | Basis |
| FinancingLeaseCombination | Regardingthelong-termreceivablesrelatedtothefinancingleaseasthecreditriskcharacteristics |
| FranchiseCombination | Regardingthelong-termreceivablesrelatedtothePPPProjectasthecreditriskcharacteristics |
17.InventoriesTheCompany'sinventoriesmainlyincluderawmaterials,productsinprocess,semi-finishedproducts,andentrustedprocessingmaterials.Theperpetualinventorymethodisusedforinventories.Inventoriesarepricedattheactualcostatthetimeofacquisition;theactualcostofinventoriesisdeterminedbytheweightedaveragemethodwheninventoriesareclaimedorissued.Low-valueconsumablesandpackagingareamortizedthroughtheone-offcharge-offmethod.Thenetrealizablevalueofinventoriesofgoodsthatareuseddirectlyforsale,suchasinventorygoods,productsinprocess,andmaterialsforsale,isdeterminedbytheestimatedsellingpriceoftheinventoryminusestimatedsaleexpenses,andrelatedtaxes;thenetrealizablevalueofinventoriesofmaterialsheldforproductionisdeterminedbytheestimatedsellingpriceofthefinishedgoodsproducedminustheestimatedcostsofcompletion,estimatedsaleexpenses,andrelatedtaxes.Theinventorieswithvariousnumbersandlowunitpriceshallbemadeprovisionsfordepreciationreservesofinventoriesaccordingtothecategoryofinventories.Forinventoriesthatareproducedandsoldinthesameregionwithsameorsimilarenduseorpurposes,andhardtobemeasuredseparatelyfromotheritems,itshallbemademergerprovisionsforfallingpriceofinventories.Thenetrealizablevaluerefers,intheordinarycourseofbusiness,totheaccountafterdeductingtheestimatedcostofcompletion,estimatedsaleexpenseandrelevanttaxesfromtheestimatedsalepriceofinventories.Thenetrealizablevalueofinventoriesshallbefixedonthebasisofvalidevidenceaswellasunderconsiderationofpurposeofinventoriesandtheeffectofeventsafterbalance-sheet-date.
Afterwithdrawingthedepreciationreservesforinventories,ifthefactors,whichcauseanywrite-downoftheinventories,havedisappeared,causingthenetrealizablevalueofinventoriesishigherthanitscarryingamount;theamountofwrite-downshallbereversedfromtheoriginalamountofdepreciationreserveforinventories.Thereversedamountshallbeincludedintheprofitsandlossesofthecurrentperiod.
18.ContractAssets
(1)ConfirmationmethodsandstandardsofcontractassetsContractassetsrefertotherightofthecompanytoreceiveconsiderationaftertransferringgoodstocustomers,andthisrightdependsonfactorsotherthanthepassageoftime.Ifthecompanysellstwoclearlydistinguishableproductstocustomers,ithastherighttoreceivepaymentbecauseoneoftheproductshasbeendelivered,butthepaymentisalsodependentonthedeliveryoftheotherproduct,thecompanyhastherighttoreceivepaymentasacontractassets.
(2)DeterminationmethodandaccountingtreatmentmethodofexpectedcreditlossofcontractassetsThemethodofdeterminingtheexpectedcreditlossofcontractassets,refertothedescriptionof
11.FinancialAssetImpairment,12.NotesReceivable,13.AccountsReceivable.Thecompanycalculatestheexpectedcreditlossofcontractassetsonthebalancesheetdate.Iftheexpectedcreditlossisgreaterthanthebookvalueofthecurrentcontractassetimpairmentprovision,thecompanywillrecognizethedifferenceasanimpairmentlossanddebitthe"assetimpairmentloss".Credited"Contractassetimpairmentprovision".Onthecontrary,thecompanyrecognizesthedifferenceasanimpairmentgainandkeepstheoppositeaccountingrecords.Ifthecompanyactuallyincurscreditlossesanddeterminesthattherelevantcontractassetscannotberecovered,andthewritten-offisapproved,the"contractassetimpairmentreserve"isdebitedandthe"contractedasset"iscreditedbasedontheapprovedwrite-offamount.Ifthewritten-offamountisgreaterthantheprovisionforlossthathasbeenwithdrawn,the"assetimpairmentloss"isdebitedbasedonthedifference.
19.ContractCosts
(1)ThemethodofdeterminingtheamountofassetsrelatedtocontractcostsThecompany’sassetsrelatedtocontractcostsincludecontractperformancecostsandcontractacquisitioncosts.Thecontractperformancecost,thatis,thecostincurredbythecompanyfortheperformanceofthecontract,doesnotfallwithinthescopeofotheraccountingstandardsandmeetsthefollowingconditionsatthesametime,asthecontractperformancecostisrecognizedasanasset:thecostandacurrentorexpectedcontractDirectlyrelated,includingdirectlabor,directmaterials,manufacturingexpenses(orsimilarexpenses),clearlythecostbornebythecustomer,andothercostsincurredonlyduetothecontract;thiscostincreasesthecompany'sfutureresourcesforfulfillingitsperformanceobligations;Thiscostisexpectedtoberecovered.Thecontractacquisitioncost,thatis,theincrementalcostincurredbythecompanytoobtainthecontractisexpectedtoberecovered,andisrecognizedasanassetasthecontractacquisitioncost;iftheassetamortizationperioddoesnotexceedoneyear,itisincludedinthecurrentprofitandlosswhenitoccurs.Incrementalcostreferstothecost(suchassalescommission,etc.)thatthecompanywillnotincurwithoutobtainingthecontract.Thecompany'sexpensesincurredinobtainingthecontract,otherthantheexpectedincrementalcostthatcanberecovered(suchastravelexpensesincurredregardlessofwhetherthecontractisobtained,etc.),areincludedinthecurrentprofitandlosswhentheyareincurred,butitisclearlybornebythecustomerexcept.
(2)AmortizationofassetsrelatedtocontractcostsThecompany’sassetsrelatedtocontractcostsareamortizedonthesamebasisasthecommodityrevenuerecognitionrelatedtotheassetandincludedinthecurrentprofitandloss.
(3)Impairmentofassetsrelatedtocontractcosts
Whenthecompanydeterminestheimpairmentlossofassetsrelatedtocontractcosts,itfirstdeterminestheimpairmentlossofotherassetsrelatedtothecontractthatareconfirmedinaccordancewithotherrelevantbusinessaccountingstandards;then,basedontheirbookvaluehigherthanthecompany’stransferandIfthedifferencebetweentheremainingconsiderationthattheasset-relatedcommodityisexpectedtoobtainandtheestimatedcostincurredforthetransferoftherelevantcommodity,theexcessshallbeprovidedforimpairmentandrecognizedasanassetimpairmentloss.Ifthedepreciationfactorsofthepreviousperiodhavechanged,andtheaforementioneddifferenceishigherthanthebookvalueoftheasset,theoriginalprovisionforassetimpairmentshallbereversedandincludedinthecurrentprofitandloss,butthebookvalueoftheassetafterthereversalshallnotexceedAssumingnoprovisionforimpairmentismade,thebookvalueoftheassetonthedateofreversal.
20.Long-termEquityInvestmentsTheCompany'slong-termequityinvestmentsmainlyconsistofinvestmentsinsubsidiaries,associatedenterprises,andjointventures.TheCompany’sjudgmentonjointcontrolisbasedonthefactthatallparticipantsoracombinationofparticipantscollectivelycontrolthearrangementandthatthepoliciesoftheactivitiesrelatedtothearrangementshallbeunanimouslyagreedbythoseparticipantswhoTheCompanyisgenerallyconsideredtohaveasignificantinfluenceontheinvesteewhenitowns,directlyorindirectlythroughasubsidiary,above20%butbelow50%ofthevotingrightsoftheinvestee.IftheCompanyholdslessthan20%ofthevotingrightsoftheinvestee,italsoneedstojudgewhethertheCompanyhasasignificantinfluenceontheinvesteebytakingintoaccountthefactsandcircumstancessuchashavingrepresentativesontheboardofdirectorsorsimilarauthorityoftheinvestee,orparticipatingintheprocessofformulatingfinancialandoperatingpoliciesoftheinvestee,orhavingmajortransactionswiththeinvestee,orsendingmanagementpersonneltotheinvestee,orprovidingkeytechnicalinformationtotheinvestee.Ifcontrolovertheinvesteeisformed,itisasubsidiaryoftheCompany.Forlong-termequityinvestmentacquiredthroughbusinesscombinationunderthesamecontrol,theinitialinvestmentcostofthelong-termequityinvestmentsisrecordedatthemergerdatebasedontheacquisitionofthemergedparty'sshareofthebookvalueofthenetassetsoftheultimatecontrollerintheconsolidatedfinancialstatement.Ifthebookvalueofthenetassetsofthemergedpartyonthemergerdateisnegative,thecostoflong-termequityinvestmentsisdeterminedaszero.Iftheequityoftheinvesteeunderthesamecontrolisacquiredinstagesthroughmultipletransactionstoeventuallyresultinabusinesscombination,additionaldisclosuresofthetreatmentoflong-termequityinvestmentsintheparentcompany'sfinancialstatementsshallbemadeintheReportingPeriodinwhichcontrolisobtained.Forexample,ifthebusinesscombinationthatisultimatelyformedthroughmultipletransactionstoacquiretheequityoftheinvesteeunderthesamecontrolbelongstoapackagedeal,theCompanyshallconductaccountingtreatmenttotreateachtransactionasasingletransactiontoacquirecontrol.Ifthetransactionisnotapackagedeal,theinitialinvestmentcostofthelong-termequityinvestmentisbasedontheshareofthebookvalueofthenetassetsofthemergedpartyintheconsolidatedfinancialstatementsoftheultimatecontrolleratthemergerdate.Thedifferencebetweentheinitialinvestmentcostandthesumofthebookvalueofthelong-termequityinvestmentbeforethemergerplusthebookvalueofthenewconsiderationpaidforfurtheracquisitionofsharesatthemergerdateshalloffsetagainstcapitalreserve;andwherecapitalreserveisinsufficienttobeoffset,theretainedearningsshallbeadjusted.
Forlong-termequityinvestmentacquiredthroughbusinesscombinationnotunderthesamecontrol,theinitialinvestmentcostshallbetheconsolidationcost.Iftheequityoftheinvesteenotunderthesamecontrolisacquiredinstagesthroughmultipletransactionstoeventuallyresultinabusinesscombination,additionaldisclosuresofthecosttreatmentoflong-termequityinvestmentsintheparentcompany'sfinancialstatementsshallbemadeintheReportingPeriodinwhichcontrolisobtained.Forexample,ifthebusinesscombinationthatisultimatelyformedthroughmultipletransactionstoacquiretheequityoftheinvesteenotunderthesamecontrolbelongstoapackagedeal,theCompanyshallconductaccountingtreatmenttotreateachtransactionasasingletransactiontoacquirecontrol.Ifthetransactionisnotapackagedeal,thesumofthebookvalueoftheequityinvestmentoriginallyheldplusthecostofthenewinvestmentshallbetheinitialinvestmentcostcalculatedinaccordancewiththecostmethod.Iftheequityheldpriortothepurchasedateisaccountedbytheequitymethod,therelevantothercomprehensiveincomeaccountedbytheoriginalequitymethodshallnotbeadjusted.Thesamebasisofaccountingasthatusedforthedirectdisposaloftherelatedassetsorliabilitiesbytheinvesteeisusedforthedisposaloftheinvestment.Iftheequityheldpriortothepurchasedateisafinancialassetdesignatedtobemeasuredatfairvaluewithfluctuationsincludedinothercomprehensiveincome,thecumulativeprofitorlossontheequitypreviouslyrecognizedinothercomprehensiveincomeshallbetransferredfromothercomprehensiveincometotheretainedearnings;iftheequityisafinancialassetmeasuredatfairvalueandthechangesofwhichareincludedinprofitsandlossesofthecurrentperiod,theequitypreviouslyrecognizedasprofitsandlossesfromthechangesinfairvalueshallnotbetransferredtoinvestmentincome.Iftheequityheldpriortothepurchasedateisaninvestmentforotherequityinstruments,thechangesinfairvalueoftheequityinvestmentaccumulatedinothercomprehensiveincomebeforethepurchasedateshallbetransferredtotheretainedearnings.Exceptforthelong-termequityinvestmentsacquiredthroughbusinesscombinationhereinabove,long-termequityinvestmentsacquiredbypayingcasharerecordedasinvestmentcostbasedontheactualpurchasepricepaid;long-termequityinvestmentsacquiredbyissuingequitysecuritiesarerecordedasinvestmentcostbasedonthefairvalueoftheequitysecuritiesissued;long-termequityinvestmentsinvestedbyinvestorsarerecordedasinvestmentcostbasedonthevalueagreedintheinvestmentcontractoragreement.TheCompanycalculatesitsinvestmentsinsubsidiariesthroughthecostmethodanditsinvestmentsinjointventuresandassociateenterprisesthroughtheequitymethod.Forlong-termequityinvestmentscalculatedbythecostmethodforsubsequentmeasurement,thebookvalueofthecostoflong-termequityinvestmentsshallbeincreasedbythefairvalueofthecostamountpaidfortheadditionalinvestmentandrelevanttransactioncostsincurredwhentheadditionalinvestmentismade.Cashdividendsorprofitsdeclaredbytheinvesteearerecognizedasinvestmentincomeforthecurrentperiodinaccordancewiththedueamount.Inadditiontotheabove-mentionedlong-termequityinvestmentobtainedthroughbusinesscombination,thelong-termequityinvestmentobtainedbypayingcashshallberegardedastheinvestmentcostaccordingtothepurchasepriceactuallypaid;thelong-termequityinvestmentobtainedbyissuingequitysecuritiesshallberegardedastheinvestmentcostaccordingtothefairvalueofissuingequitysecurities;thelong-termequityinvestmentinvestedbyinvestorsshallberegardedastheinvestmentcostaccordingtotheinvestmentcontractoragreementThevalueofthecompanyisregardedasthecostofinvestment.Thecompanyadoptsthecostmethodforinvestmentinsubsidiariesandtheequitymethodforinvestmentinjointventuresandassociatedenterprises.Forthelong-termequityinvestmentwhosesubsequentmeasurementadoptsthecostmethod,whentheadditionalinvestmentismade,thebookvalueofthelong-termequityinvestmentcostis
increasedaccordingtothefairvalueofthecostamountpaidbytheadditionalinvestmentandtherelevanttransactionexpenses.Thecashdividendsorprofitsdeclaredtobedistributedbytheinvesteeshallberecognizedasthecurrentinvestmentincomeaccordingtotheamountthatshouldbeenjoyed.Forthelong-termequityinvestmentwithequitymethodforsubsequentmeasurement,thebookvalueofthelong-termequityinvestmentwillincreaseordecreasewiththechangeoftheowner'sequityoftheinvestedentity.Whenconfirmingtheshareofthenetprofitandlossoftheinvestee,thenetprofitandlossoftheinvesteeshallbecalculatedbasedonthefairvalueoftheidentifiableassetsoftheinvesteeatthetimeofobtainingtheinvestment,inaccordancewiththeaccountingpoliciesandaccountingperiodofthecompany,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,andthedifferencebetweenthefairvalueandthebookvalueoftheresidualequityonthedayoflosingcontrolshallbeincludedinthecurrentprofitsandlosses.Ifthetransactionfromstep-by-stepdisposalofequitytolossofcontrolrightdoesnotbelongtopackagetransaction,accountingtreatmentshallbecarriedoutforeachtransactionseparately.Ifitisa"packagedeal",eachtransactionwillbetreatedasatransactionofdisposalofsubsidiariesandlossofcontrol.However,beforethelossofcontrol,thedifferencebetweenthedisposalpriceofeachtransactionandthebookvalueofthelong-termequityinvestmentcorrespondingtothedisposedequitywillberecognizedasothercomprehensiveincome,andwhenthecontrolislost,itwillbetransferredtothecurrentaccountoflossofcontrolPeriodprofitandloss
21.InvestmentPropertyTheterm“investmentproperty”referstotherealestateheldforgeneratingrentand/orcapitalappreciation.InvestmentpropertyoftheCompanyincludetherighttouseanylandwhichhasalreadybeenrented;therighttouseanylandwhichisheldandpreparedfortransferafterappreciation;andtherighttouseanybuildingwhichhasalreadybeenrented.Inaddition,iftheboardofdirectors(orsimilarorganizations)makesawrittenresolutiontousethevacantbuildingsheldbythecompanyforoperatingleaseandtheholdingintentionwillnotchangeinashorttime,theywillalsobelistedasinvestmentrealestate.Theinitialmeasurementoftheinvestmentpropertyshallbemadeatitscost.SubsequentexpendituresincurredforaninvestmentpropertyisincludedinthecostoftheinvestmentpropertywhenitisprobablethateconomicbenefitsassociatedwiththeinvestmentpropertywillflowtotheCompanyandthecostcanbereliablymeasured,otherwisetheexpenditureisrecognizedinprofitorlossintheperiodinwhichtheyareincurred.TheCompanyshallmakeafollow-upmeasurementtotheinvestmentpropertybyemployingthecostpatternonthedateofthebalancesheet.Anaccrualdepreciationoramortizationshallbemadefortheinvestmentpropertyinthelightoftheaccountingpoliciesoftheuserightofbuildingsorlands.Fordetailsofimpairmenttestmethodandwithdrawalmethodofimpairmentprovisionofinvestmentproperty,pleaserefertoNoteIV.26.“Long-termassetsimpairment”.Thecompany'sinvestmentrealestateadoptstheaveragelifemethodfordepreciationoramortization.Theexpectedservicelife,netresidualvaluerateandannualdepreciation(amortization)rateofallkindsofinvestmentrealestateshallrefertothedepreciationpolicyofbuildingsinfixedassetsandtheamortizationpolicyoflanduserightinintangibleassets..Whenowner-occupiedrealestateorinventoriesarechangedintoinvestmentpropertyorinvestmentpropertyischangedintoowner-occupiedrealestate,ofwhichbookvaluepriortothechangeshallbetheentryvalueafterthechange.Whenaninvestmentpropertyischangedtoanowner-occupiedrealestate,itwouldbetransferredtofixedassetsorintangibleassetsatthedateofsuchchange.Whenanowner-occupiedrealestateischangedtobeheldtoearnrentalorforcapitalappreciation,thefixedassetorintangibleassetistransferredtoinvestmentpropertyatthedateofsuchchange.Ifthefixedassetorintangibleassetischangedintoinvestmentpropertymeasuredbyadoptingthecostpattern,whosebookvaluepriortothechangeshallbetheentryvalueafterthechange;ifthefixedassetorintangibleassetischangedintoinvestmentpropertymeasuredbyadoptingthefairvaluepattern,whosefairvalueonthedateofsuchchangeshallbetheentryvalueafterthechangeAninvestmentpropertyisderecognizedondisposalorwhentheinvestmentpropertyispermanentlywithdrawnfromuseandnofutureeconomicbenefitsareexpectedfromitsdisposal.Theamountofproceedsonsale,transfer,retirementordamageofaninvestmentpropertylessitscarryingamountandrelatedtaxesandexpensesisrecognizedinprofitorlossintheperiodinwhichitisincurred.
22.FixedAssetsTheCompany’sfixedassetsaretangibleassetsheldfortheproductionofgoods,provisionofservices,rentaloroperationmanagementandhaveausefullifeofmorethanoneyear.FixedassetsshouldberecognizedwhenitisprobablethattheeconomicbenefitsassociatedwiththemwillbeincorporatedintotheCompanyandtheircostcanbemeasuredreliably.TheCompany’sfixedassetsincludebuildingsandconstructions,machineryandequipment,electronicequipment,transportationequipment,andotherequipment.
TheCompanydepreciatesallfixedassetsbystraight-linemethod,exceptforfullydepreciatedfixedassetsthatcontinuetobeusedandlandthatisseparatelyvalued.Thecategorizeddepreciablelives,estimatednetsalvageratesanddepreciationratesoftheCompany’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.IntangibleAssetsTheCompany’sintangibleassetsincludelanduserights,patentedtechnologyandnon-proprietarytechnology,whicharemeasuredatactualcostatthetimeofacquisition.Acquiredintangibleassetsarestatedatactualcostbasedontheactualpricepaidandrelatedotherexpenses.Theactualcostofintangibleassetsinvestedbyinvestorsisdeterminedatthevalueagreedintheinvestmentcontractoragreement,butiftheagreedvalueinthecontractoragreementisnotfair,theactualcostisdeterminedatfairvalue.Intangibleassets,suchaspatents,acquiredinamergernotundercommoncontrolbutownedbytheacquireebutnotrecognizedinitsfinancialstatements,arerecognizedasintangibleassetsatfairvalueatthetimeofinitialrecognitionoftheacquiree’sassets.Landuserightsareamortizedequallyovertheyearsfromthecommencementdateofthegrant;intangibleassetssuchassoftwareandpatentsareamortizedequallyovertheshortestoftheestimatedusefullife,thecontractualbeneficiarylifeandtheeffectivelifeprescribedbylaw.Theamortizationamountischargedtothecostoftherelatedassetsandcurrentprofitorlossaccordingtotheirbeneficiaries.Theestimatedusefullifeandamortizationmethodofintangibleassetswithfiniteusefullivesarereviewedattheendofeachyear.Accountingestimationmethodsareusedwhenchangesarerequired.ThemainresearchanddevelopmentprojectsoftheCompanyincludetheperformanceimprovementprojectofMini&MicroLED.
(1)Specificcriteriafordividingtheresearchphaseanddevelopmentphase“Research”meansanoriginalandplannedinvestigationtoacquireandunderstandnewscientificortechnicalknowledge.“Development”meanstheapplicationofresearchresultsorotherknowledgetooneormoreplansordesignstoproduceneworsubstantiallyimprovedmaterials,devices,products,ortoobtainnewprocesses,etc.,priortocommercialproductionoruse.Expensesfortheresearchphasearechargedtocurrentprofitorlossasincurred.
(2)SpecificcriteriaforcapitalizationofdevelopmentstageexpendituresExpendituresinthedevelopmentstagearecapitalizedwhenthefollowingconditionsaremet.
①Itisfeasibletechnicallytofinishintangibleassetsforuseorsale;
②Itisintendedtofinishanduseorselltheintangibleassets;
③Theusefulnessofmethodsforintangibleassetstogenerateeconomicbenefitsshallbeproved,includingbeingabletoprovethatthereisapotentialmarketfortheproductsmanufacturedbyapplyingtheintangibleassetsorthereisapotentialmarketfortheintangibleassetsitselfortheintangibleassetswillbeusedinternally;
④Itisabletofinishthedevelopmentoftheintangibleassets,andabletouseorselltheintangibleassets,withthesupportofsufficienttechnologies,financialresourcesandotherresources;⑤Thedevelopmentexpendituresoftheintangibleassetscanbereliablymeasured.
26.ImpairmentofLong-termAssetsFornon-currentfinancialAssetsoffixedAssets,projectsunderconstruction,intangibleAssetswithlimitedservicelife,investingrealestatewithcostmodel,long-termequityinvestmentofsubsidiaries,cooperativeenterprisesandjointventures,theCompanyshouldjudgewhetherdecreaseinvalueexistsonthedateofbalancesheet.Recoverableamountsshouldbetestedfordecreaseinvalueifitexists.OtherintangibleAssetsofreputationanduncertainservicelifeandothernon-accessibleintangibleassetsshouldbetestedfordecreaseinvaluenomatterwhetheritexists.Iftherecoverableamountislessthancarryingvalueinimpairmenttestresults,theprovisionforimpairmentofdifferencesshouldincludeinimpairmentloss.Recoverableamountswouldbethehigherofnetvalueofassetfairvaluedeductingdisposalchargesorpresentvalueofpredictedcashflow.Assetfairvalueshouldbedeterminedaccordingtonegotiatedsalespriceoffairtrade.
Ifnosalesagreementexistsbutwithassetactivemarket,fairvalueshouldbedeterminedaccordingtotheBuyer’spriceoftheasset.Ifnosalesagreementorassetactivemarketexists,assetfairvaluecouldbeacquiredonthebasisofbestinformationavailable.Disposalexpensesincludelegalfees,taxes,cartageorotherdirectexpensesofmerchantableAssetsrelatedtoassetdisposal.PresentvalueofpredictedassetcashflowshouldbedeterminedbytheproperdiscountrateaccordingtoAssetsinserviceandpredictedcashflowoffinaldisposal.AssetdepreciationreservesshouldbecalculatedonthebasisofsingleAssets.IfitisdifficulttopredicttherecoverableamountsforsingleAssets,recoverableamountsshouldbedeterminedaccordingtothebelongingassetgroup.Assetgroupistheminimumassetcombinationproducingcashflowindependently.Inimpairmenttest,carryingvalueofthebusinessreputationinfinancialreportshouldbesharedtobeneficialassetgroupandassetgroupcombinationincollaborationofbusinessmerger.Itisshowninthetestthatifrecoverableamountsofsharedbusinessreputationassetgrouporassetgroupcombinationarelowerthanbookvalue,itshoulddeterminetheimpairmentloss.Impairmentlossamountshouldfirstlybedeductedandsharedtothecarryingvalueofbusinessreputationofassetgrouporassetgroupcombination,thendeductcarryingvalueofallassetsaccordingtoproportionsofothercarryingvalueofaboveassetsinassetgrouporassetgroupcombinationexceptbusinessreputation.Aftertheassetimpairmentlossisdetermined,recoverablevalueamountswouldnotbereturnedinfuture.
27.Long-termDeferredExpensesTheLong-termdeferredexpensesoftheCompanyincludingrenovationcost,moldcostandsoonshallbeamortizedevenlyduringthebenefitperiod.Iftheselong-termdeferredexpensescannotbenefitthefutureaccountingperiod,theamortizedvalueofthisitemthathasnotbeenamortizedshallbetransferredtothecurrentprofitandloss.
28.ContractLiabilitiesLiabilitiesofcontractsrefertotheCompany'sobligationtotransfergoodstocustomersduetotheconsiderationreceivedorreceivablefromcustomers.Beforethetransfers,ifthecustomerhaspaidtheconsiderationoriftheCompanyhasobtainedtherighttounconditionallycollectthecontractconsideration,theliabilitiesofcontractsshallberecognizedbasedontheamountreceivedorreceivableattheearlierpointbetweentheactualpaymentbythecustomerandthepaymentdue.
29.EmployeeCompensationSalariesofstaffoftheCompanyincludeshort-termsalary,post-employmentbenefits,terminationcompensation,andotherlong-termbenefits.Short-termsalarymainlyincludeswages,bonuses,allowancesandsubsidies,aswellasemployeebenefits,medicalinsurance,maternityinsurance,employmentinjuryinsurance,housingprovidentfund,laborunionexpenses,andstaffeducationexpenses,andnon-monetarybenefits.Duringtheaccountingperiodwhentheemployeesprovideservices,theactualshort-termcompensationisrecognisedasaliabilitythatshallbeincludedinthecurrentprofitandlossorthecostofrelatedassetsaccordingtothebeneficiary.Thepost-employmentbenefitsmainlyincludethebasicendowmentinsurance,etc.TheyaredividedintodefinedcontributionplansanddefinedbenefitplansinaccordancewiththerisksandobligationsundertakenbytheCompany.Accordingtothedefinedcontributionplan,thedepositpaidtoaseparateentityinexchangefortheservicesprovidedbytheemployeesduringtheaccountingperiodonthebalancesheetdateisrecognizedasliabilities,andshallbeincludedin
thecurrentprofitandlossorthecostofrelatedassetsaccordingtothebeneficiary.IftheCompanyhasadefinedbenefitplan,thespecificaccountingmethodshouldbeexplained.Whenterminatinglabourrelationsbeforeexpirationofcontract,orlayoffswithcompensations,andtheCompanycannotterminatethelabourrelationsunilaterallyorreducethedemissionwelfare,remunerationandliabilitiesproducedfromthedemissionwelfareshouldbedeterminedandincludedincurrentprofitsandlosseswhendeterminingthecostsofdemissionwelfareandrecombination.However,demissionwelfarenotfullypaidwithin12monthsafterannualReportingPeriodshouldbehandledthesameasotherlong-termemployees’payrolls.Theinsideemployeeretirementplanistreatedbyadoptingthesameprinciplewiththeabovedismissionwelfare.TheCompanywouldrecordedthesalaryandthesocialsecurityinsurancefeespaidandsoonfromtheemployee’sserviceterminationdatetonormalretirementdateintocurrentprofitsandlosses(dismissionwelfare)undertheconditionthattheymeettherecognitionconditionsofestimatedliabilities.Theotherlong-termwelfarethattheCompanyofferstothestaffs,ifmetwiththesettingdrawingplan,shouldbeaccountingdisposedaccordingtothesettingdrawingplan,whiletherestshouldbedisposedaccordingtothesettingrevenueplan.
30.ProvisionsTheCompanyshouldrecognizetherelatedobligationasaprovisionforliabilitywhentheobligationmeetsthefollowingconditions:(1)Thatobligationisapresentobligationoftheenterprise;(2)Itisprobablethatanoutflowofeconomicbenefitsfromtheenterprisewillberequiredtosettletheobligation;(3)Areliableestimatecanbemadeoftheamountoftheobligation.Onthebalancesheetdate,anenterpriseshalltakeintofullconsiderationoftherisks,uncertainty,timevalueofmoney,andotherfactorspertinenttotheContingenciestomeasuretheprovisionsinaccordancewiththebestestimateofthenecessaryexpensesfortheperformanceofthecurrentobligation.Whenallorsomeoftheexpensesnecessaryfortheliquidationofanprovisionsofanenterpriseisexpectedtobecompensatedbyathirdparty,thecompensationshouldbeseparatelyrecognizedasanassetonlywhenitisvirtuallycertainthatthereimbursementwillbeobtained.Besides,theamountrecognizedforthereimbursementshouldnotexceedthecarryingvalueoftheestimatedliabilities.
31.PrinciplesofRevenueRecognitionandMeasurementMethodTherevenueoftheCompanymainlyconsistsoftheincomefrommainbusinessandtheincomefromotherbusinesses.
(1)RevenuerecognitionprincipleThecompanyhasfulfilledtheperformanceobligationsinthecontract,thatis,whenthecustomerobtainscontroloftherelevantgoodsorservices,revenueisrecognized.Obtainingcontroloverrelatedgoodsorservicesmeansbeingabletoleadtheuseofthegoodsortheprovisionofsuchservicesandobtainalmostalloftheeconomicbenefitsfromit.Onthestartingdateofthecontract,thecompanyevaluatesthecontract,identifieseachindividualperformanceobligationcontainedinthecontract,anddetermineswhethereachindividualperformanceobligationisperformedwithinacertainperiodoftimeoratacertainpointintime.Whenoneofthefollowingconditionsismet,itisaperformanceobligationwithinacertainperiodoftime,otherwise,itisaperformanceobligationatacertainpointintime:
①Thecustomerobtainsandconsumestheeconomicbenefitsbroughtbythecompany'sperformanceatthesametimethecompanyperformsthecontract.②Thecustomercancontroltheproductsunderconstructionduringtheperformanceofthecompany.
③Thegoodsproducedduringtheperformanceofthecompanyhaveirreplaceableuses,andthecompanyhastherighttocollectpaymentsforthecumulativeperformanceofthecontractduringtheentirecontractperiod.Forperformanceobligationsperformedwithinacertainperiodoftime,thecompanyrecognizesrevenueaccordingtotheperformanceprogressduringthatperiod.Whentheperformanceprogresscannotbereasonablydetermined,ifthecostincurredbythecompanyisexpectedtobecompensated,therevenueshallberecognizedaccordingtotheamountofthecostincurreduntiltheperformanceprogresscanbereasonablydetermined.Forperformanceobligationsperformedatacertainpointintime,thecompanyrecognizesrevenueatthepointwhenthecustomerobtainscontroloftherelevantgoodsorservices.Whenjudgingwhetheracustomerhasobtainedcontrolofgoodsorservices,thecompanyconsidersthefollowingsigns:
①TheCompanyenjoysthecurrentrighttoreceivepaymentforthegoodsorservices.
②TheCompanyhastransferredthelegalownershipoftheproducttothecustomer.
③TheCompanyhastransferredthegoodsinkindtothecustomer.④TheCompanyhastransferredthemainrisksandrewardsoftheownershipoftheproducttothecustomer.
⑤Thecustomerhasacceptedthegoodsorservices.Thecompanyhastransferredgoodsorservicestocustomersandtherighttoreceiveconsiderationislistedascontractassets,andcontractassetsaredevaluedonthebasisofexpectedcreditlosses.Thecompany'sunconditionalrighttocollectconsiderationfromcustomersislistedasreceivables.Thecompany’sobligationtotransfergoodsorservicestocustomersduetotheconsiderationreceivedfromcustomersislistedascontractliabilities.
(2)Principlesofincomemeasurement
①Ifthecontractcontainstwoormoreperformanceobligations,atthebeginningofthecontract,thecompanywillallocatethetransactionpricetoeachindividualperformanceobligationbasedontherelativeproportionofthestand-alonesellingpriceofthegoodsorservicespromisedbyeachindividualperformanceobligation.Revenueismeasuredatthetransactionpriceofeachindividualperformanceobligation.②Thetransactionpriceistheamountofconsiderationthatthecompanyexpectstobeentitledtoreceiveduetothetransferofgoodsorservicestocustomers,excludingpaymentscollectedon
behalfofthirdpartiesandpaymentsexpectedtobereturnedtocustomers.Thetransactionpriceconfirmedbythecompanydoesnotexceedtheamountatwhichtheaccumulatedconfirmedincomewillmostlikelynotundergoasignificantreversalwhentherelevantuncertaintyiseliminated.Itisexpectedthatthemoneyreturnedtothecustomerwillnotbeincludedinthetransactionpriceasaliability.
③Ifthereisvariableconsiderationinthecontract,suchascashdiscountsandpriceguaranteesinpartofthecontractbetweenthecompanyanditscustomers,thecompanydeterminesthebestestimateofthevariableconsiderationaccordingtotheexpectedvalueorthemostlikelyamount,butincludesthevariableThetransactionpriceoftheconsiderationshallnotexceedtheamountatwhichtheaccumulatedconfirmedincomeisunlikelytobereversedsignificantlywhentherelevantuncertaintyiseliminated.
④Fortheconsiderationpayabletocustomers,thecompanyoffsetsthetransactionpricefromtheconsiderationpayabletocustomers,andoffsetsthecurrentincomeatthetimewhentherelevantincomeisrecognizedandthepayment(orpromisedtopay)thecustomerconsiderationislater,unlesstheconsiderationpayableisforObtainotherclearlydistinguishableproductsfromcustomers.
⑤Forsaleswithasalesreturnclause,whenthecustomerobtainscontroloftherelevantproduct,thecompanyrecognizesrevenuebasedontheamountofconsiderationexpectedtobereceivedduetothetransferoftheproducttothecustomer,andtheexpectedreturnduetothesalesreturnisrecognizedasanestimatedliability;Atthesametime,accordingtotheexpectedbookvalueofthereturnedgoodsatthetimeoftransfer,thebalanceafterdeductingtheestimatedcostofrecoveringthegoods(includingthevalueimpairmentofthereturnedgoods)isrecognizedasanasset,thatis,thereturncostreceivable,accordingtothetransferredgoodsThebookvalueatthetimeofthetransfer,deductingthenetcarry-overcostoftheaforementionedassetcost.Oneachbalancesheetdate,thecompanyre-estimatesthefuturesalesreturnsandre-measurestheaforementionedassetsandliabilities.
⑥Ifthereisasignificantfinancingcomponentinthecontract,thecompanyshalldeterminethetransactionpricebasedontheamountpayableincashwhenthecustomerassumescontrolofthegoodsorservices.Usingthediscountratethatdiscountsthenominalamountofthecontractconsiderationintothecurrentcommodityprice,thedifferencebetweenthedeterminedtransactionpriceandtheamountoftheconsiderationpromisedinthecontractisamortizedbytheactualinterestmethodduringthecontractperiod.Onthestartingdateofthecontract,thecompanyexpectsthatthetimebetweenthecustomer'sacquisitionofcontrolofthegoodsorservicesandthecustomer'spaymentofthepricewillnotexceedoneyear,regardlessofthesignificantfinancingcomponentsinthecontract.
⑦Accordingtocontractualagreements,legalprovisions,etc.,thecompanyprovidesqualityassurancefortheproductssoldandtheassetsbuilt.Forguarantee-typequalityassurancetoassurecustomersthatthegoodssoldmeettheestablishedstandards,thecompanyconductsaccountingtreatmentinaccordancewith"contingentevents-estimatedliabilities".Fortheservicequalityassurancethatprovidesaseparateserviceinordertoassurecustomersthatthegoodssoldmeettheestablishedstandards,thecompanyregardsitasasingleperformanceobligation,basedonthestand-alonesellingpriceofthequalityassuranceofgoodsandservices.Inarelativeproportion,partofthetransactionpriceisallocatedtoservicequalityassurance,andrevenueisrecognizedwhenthecustomerobtainscontroloftheservice.Whenassessingwhetherthequalityassurance
providesaseparateserviceinadditiontoensuringthattheproductssoldmeettheestablishedstandards,thecompanyconsiderswhetherthequalityassuranceisalegalrequirement,thequalityassuranceperiod,andthenatureofthecompany'scommitmenttoperformthetasks.⑧Whentheconstructioncontractbetweenthecompanyandthecustomerischanged:
①Ifthecontractchangeaddsclearlydistinguishableconstructionservicesandcontractprices,andthenewcontractpricereflectsthestand-alonesellingpriceofthenewconstructionservices,thecompanywillThecontractchangeshallbetreatedasaseparatecontractforaccountingtreatment;
②Ifthecontractchangedoesnotfallintotheabove-mentionedcircumstance①,andthereisacleardistinctionbetweentheconstructionservicesthathavebeentransferredandtheconstructionservicesthathavenotbeentransferredonthedateofthecontractchange,thecompanyTreatitastheterminationoftheoriginalcontract,andatthesametime,mergetheunfulfilledpartoftheoriginalcontractandthechangedpartofthecontractintoanewcontractforaccountingtreatment;
③Ifthecontractchangedoesnotfallintotheabovesituation①,andtheconstructionservicehasbeentransferredonthedateofcontractchangeThereisnocleardistinctionbetweentheconstructionserviceandtheuntransferredconstructionservice.Thecompanyaccountsforthechangedpartofthecontractasacomponentoftheoriginalcontract.Theresultingimpactontherecognizedrevenuewillbeadjustedonthedateofcontractchange.
(3)Specificmethodsofrevenuerecognition
①RevenuerecognizedontimeThecompany'ssalesofhouseholdappliances,electroniccomponents,etc.,belongtotheperformanceobligationperformedatacertainpointintime.Recognitionconditionsforincomefromdomesticsalesofgoodsandoverseasdirectsalesofgoods:Thecompanyhasdeliveredtheproducttothecustomerinaccordancewiththecontractandthecustomerhasreceivedtheproduct,thepaymenthasbeenrecoveredorthereceiptofpaymenthasbeenobtained,andtherelevanteconomicbenefitsarelikelytoflowin.Themainrisksandrewardshavebeentransferred,andthelegalownershipofthegoodshasbeentransferred.Conditionsforconfirmingtheincomeofexportedgoods:Thecompanyhasdeclaredtheproductsforexportaccordingtothecontract,obtainedthebilloflading,anddeliveredthegoodstothecarrierentrustedbythepurchaser.Thepaymenthasbeenrecoveredorthereceiptofpaymenthasbeenobtainedandrelevanteconomicbenefitsarelikelytoflowin.Themainrisksandrewardsofcommodityownershiphavebeentransferred,andthelegalownershipofcommoditieshasbeentransferred.
②IncomeconfirmedaccordingtotheperformanceprogressThecompany'sbusinesscontractswithcustomersforprojectconstruction,onlineadvertising,operatingleases,etc.areperformanceobligationsperformedwithinacertainperiodoftime,andrevenueisrecognizedaccordingtotheprogressoftheperformance.
32.GovernmentGrantsThegovernmentgrantsoftheCompanyaredividedintoasset-basedgrantsrelatedtoandincome-basedgrants.Asset-basedgrantsrefertothegovernmentgrantsforlong-termassetsobtainedbythepurchase,construction,andotherways.Income-basedgrantsrefertoothergrants.
Ifthebeneficiariesarenotspecifiedingovernmentdocuments,theCompanywillmakethedistinctionaccordingtotheaforesaidprinciple.Beneficiarieswhicharedifficulttocategorizeshallbeclassifiedasanincome-basedgovernmentgrantasawhole.Currentelementsofgovernmentgrantsshallbemeasuredbasedontheamountactuallyreceived.Thoseshallbemeasuredaccordingtotheamountreceivablearegrantspaidaccordingtoafixedquotastandard,orfundsthatmeettherelevantconditionsstipulatedbythefinancialsupportpolicywithconclusiveevidenceattheendoftheyearandwhichareexpectedasthefinancialsupport.Non-monetaryelementsofthegovernmentgrantsshallbemeasuredatfairvalue.Thosewhosefairvaluecannotbeobtainedreliablyshallbemeasuredatitsnominalamount(RMB1).Asset-basedgrantsshallbeusedtooffsetthecarryingvalueofrelatedassetsorpresentedasdeferredincome,andshall,overthelifeoftherelatedasset,beincludedinthecurrentprofitsandlossesbytheequalamortizationmethod.Iftherelatedassetissold,transferred,scrapped,ordamagedbeforetheendofitsusefullife,itsdeferredincomethathasnotbeendistributedshallbetransferredtothecurrentprofitandlossofassetdisposal.Income-basedgrantsthatareusedtocompensaterelatedcostsorlossesinsubsequentperiodsshallbedeemedasdeferredincomeandshallbeincludedinthecurrentprofitsandlossesduringtheperiodwhentherelatedcostsorlossesarerecognized.Governmentgrantsrelatedtoroutineactivitiesshallbeincludedinotherincomeinaccordancewiththenatureofthetransaction.Governmentgrantsnotrelatedtoroutineactivitiesshallbeincludedinnon-operatingincomeandexpenditure.TheCompanyobtainsinterestgrantsonpolicy-relatedconcessionalloansintwodifferentways:
theinterestsubsidyfundsareallocatedbythegovernmenteithertothelendingbankordirectlytotheCompany.Therespectiveaccountingtreatmentiscarriedoutasfollows:
(1)Wherethegovernmentallocatesthefundstothelendingbank,andthebankprovidesaloantotheCompanyatapolicy-relatedpreferentialinterestrate,theactualamountoftheloanreceivedistakenastheentryvalue,andtheborrowingcostsarecalculatedbasedontheloanprincipalandthepolicy-relatedpreferentialinterestrate.(Alternatively,thefairvalueoftheloanistakenastheentryvalue,andtheborrowingcostsarecalculatedusingtheeffectiveinterestratemethod.Thedifferencebetweentheactualamountreceivedandthefairvalueisrecognizedasdeferredincome,whichisamortizedusingtheeffectiveinterestratemethodduringtheloantermtooffsetborrowingcosts);
(2)WherethegovernmentallocatesthefundsdirectlytotheCompany,thegrantsareoffsetagainstborrowingcosts.WherethegovernmentgrantsthattheCompanyhasrecognizedinaccountingneedtobereturned,theaccountingtreatmentinthecurrentperiodiscarriedoutasfollows:
1)Ifthebookvalueofanassetisoffsetoninitialrecognition,thebookvaluewillbeadjusted;
2)Ifthereisdeferredincome,thebookbalanceofthedeferredincomewillbeoffset,andtheexcesswillbeincludedinprofitorlossinthecurrentperiod;
3)Underanyothercircumstances,thegrantswillbeincludedinprofitorlossinthecurrentperiod.
33.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilitiesTheCompany'sdeferredtaxassetsanddeferredtaxliabilitiesarecalculatedandrecognizedbasedonthedifference(temporarydifference)betweenthetaxbaseandbookvalueoftheassetsandliabilities.Inthecaseofdeductiblelossesthatcanbedeductedfromtaxableincomein
subsequentyearsinaccordancewiththeprovisionsofthetaxlaws,thecorrespondingdeferredincometaxassetsarerecognized.Inthecaseoftemporarydifferencesarisingfromtheinitialrecognitionofgoodwill,thecorrespondingdeferredincometaxliabilitiesarenotrecognized.Withrespecttotemporarydifferencesarisingfromtheinitialrecognitionofanassetorliabilityinatransactionwhichisn’tabusinesscombinationandwhichaffectsneitheraccountingprofitnortaxableincome(ordeductiblelosses),thecorrespondingdeferredincometaxassetsanddeferredincometaxliabilitiesarenotrecognized.Onthebalancesheetdate,thedeferredincometaxassetsanddeferredincometaxliabilitiesaremeasuredatthetaxrateapplicabletotheperiodduringwhichtheassetsareexpectedtoberecoveredortheliabilitiesareexpectedtobesettled.TheCompanyrecognizesdeferredincometaxassetstotheextentofthetaxableincomewhichitismostlikelytoobtainandwhichcanbedeductedfromdeductibletemporarydifferences,deductiblelossesandtaxcredits.
34.LeasingTheterm"lease"referstoacontractwherebythelessortransferstherightofuseregardingtheleasedasset(s)tothelesseewithinaspecifiedtimeinexchangeforconsideration.TheCompanywill,ontheeffectivenessdateofacontract,assesswhetherthecontractisaleaseorincludesanylease.TheCompanywillnotreassesswhetheracontractisaleaseorincludesanylease,unlessthereisanyalterationofthetermsorconditionsofthecontract.
(1)TheCompany'srecordingoftheleasebusinessasthelessee
1)LeasesplittingIfacontractcontainsbothleaseandnon-leaseparts(oneormoreparts),theCompanywillsplittheleaseandnon-leaseparts,andsplitcontractconsiderationaccordingtotherelativeproportionbetweenthesumofthepricesofalltheleasepartsandthatofthepricesofallthenon-leaseparts.
2)Right-of-useassetsTheCompanywillrecognizelease-relatedright-of-useassetsontheinceptiondateoftheleaseterm,excludingshort-termandlow-valueassetleases.Theterm"leaseinceptiondate"referstothestartdateonwhichthelessorprovidestheleasedasset(s)tomakeit/themavailabletotheCompany.TheCompanyinitiallymeasurestheright-of-useassetsatcost.Thecostincludes:
a)Initialmeasurementamountofleaseobligation;b)Leasepaymentsmadeonorbeforetheleaseinceptiondate(ifaleaseincentiveexists,deducttheamountrelatedtotheleaseincentivealreadytaken);c)InitialdirectexpensesincurredbytheCompany;d)CostsexpectedtobeincurredbytheCompanyfordismantlingandremovingtheleasedasset(s),restoringthepremiseswheretheleasedasset(s)is/arelocated,orrestoringtheleasedasset(s)tothestatusagreedintheleasingclauses(excludingcostsincurredforinventoryproduction)TheCompanydepreciatestheright-of-useassetsinaccordancewithrelevantdepreciationprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.4-FixedAssets.Ifitisreasonablycertainthattheownershipoftheleasedasset(s)willbeobtainedattheendoftheleaseterm,theCompanywilldepreciatetheright-of-useassetsovertheremainingservicelifeoftheleasedasset(s).Ifitisnotreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,theCompanywilldepreciatetheleasedasset(s)overtheleasetermortheremainingservicelife,whicheverisshorter.TheCompanywilldeterminetheimpairmentoftheright-of-useassetsandconductaccountingtreatmentoftheimpairmentlossesalreadyidentifiedinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.
3)LeaseobligationTheCompanyinitiallymeasurestheleaseobligationontheinceptiondateoftheleasetermatthepresentvalueoftheleasepaymentsoutstandingonthesamedate,excludingshort-termandlow-valueassetleases.Whencalculatingthepresentvalueoftheleasepayments,theCompanyusestheinterestrateimplicitinleaseastherateofdiscount.IftheCompanyfailstodeterminethe
interestrateimplicitinlease,itsincrementallendingratewillbeusedastherateofdiscount.Theterm"leasepayments"referstothepaymentsmadebytheCompanytothelessorintermsoftheuseoftheleasedasset(s)withintheleaseterm,including:
a)Fixedleasepaymentsandsubstantialfixedleasepayments(ifaleaseincentiveexists,deducttheamountrelatedtotheleaseincentive);b)Variableleasepaymentsthatdependonindexationorratio;c)ExercisepriceofthepurchaseoptionreasonablydeterminedbytheCompanytoexercise;d)PaymentsrequiredtobemadeforexercisingtheoptiontoterminatetheleaseiftheleasetermreflectsthattheCompanywillexercisesuchanoption;e)PaymentsestimatedtobemadeinlinewiththesecuredresidualvalueprovidedbytheCompany.Thevariableleasepaymentsthatdependonindexationorratioshall,intimesofinitialmeasurement,bedeterminedaccordingtotheindexationorratioontheinceptiondateoftheleaseterm.Variableleasepaymentsthatarenotcoveredinthemeasurementoftheleaseobligationsareincludedinprofitorlossforthecurrentperiodorthecostofrelevantassetswhenactuallyincurred.TheGroupwill,aftertheinceptiondateoftheleaseterm,calculatetheinterestexpensesoftheleaseobligationsduringeachperiodoftheleasetermatafixedperiodicinterestrate,andincludetheminprofitorlossforthecurrentperiodorthecostofrelevantassets.
4)Short-termandlow-valueassetleasesTheCompanyselectsnottorecognizetheright-of-useassetsandleaseobligationsfortheshort-termandlow-valueassetleasesofhouses,buildings,machineryequipment,transportationtools,officeequipmentandotherequipment.Ashort-termleasereferstoaleasewhoseleasetermdoesnotexceed12monthsfromtheinceptiondatethereof,typicallynotinvolvingthepurchaseoption.Alow-valueassetleasereferstoaleaseinwhichthevalueofasingleleasedassetistypicallylowerthanotherassetsifitisanewasset.TheCompanyincludesthepaymentsofshort-termandlow-valueassetleasesincurredduringeachperiodoftheleasetermintheprofitorlossforthecurrentperiodorthecostofrelevantassetsbythestraight-linemethod.
(2)TheCompany'srecordingoftheleasebusinessasthelessor
1)TheCompany'srecordingoftheleasebusinessasthelessorTheCompanyrecognizesthereceiptsoftheoperatingleaseincurredduringeachperiodoftheleasetermasrentalsbythestraight-linemethod.TheCompanycapitalizestheinitialdirectcostsrelatedtotheoperatingleaseuponincurrencethereofand,withintheleaseterm,apportionsandincludessuchcostsinthecurrentprofitorlossonthebasissameastherecognitionofrentals.
2)TheCompany'srecordingofthefinanceleasebusinessasthelessorOntheinceptiondateoftheleaseterm,theCompanyrecordsthesumoftheminimumleasereceiptsandtheinitialdirectcostsastheentryvalueofthefinanceleasereceivables,whilerecordingtheunguaranteedresidualvalue,anditrecognizesthedifferencebetweenthesumoftheminimumleasereceipts,theinitialdirectcostsandtheunguaranteedresidualvalueandthatoftheirpresentvaluesasunrealizedfinancingincome.Thebalanceofthefinanceleasereceivablesupondeductionoftheunrealizedfinancingincomeisrespectivelylistedinthelong-termclaimsandlong-termclaimsduewithinoneyear.Duringtheleaseterm,theunrealizedfinancingincomeiscalculatedandrecognizedasthefinancingincomeforthecurrentperiodbytheeffectiveinterestratemethod.Thecontingentrentalsareincludedintheprofitorlossforthecurrentperioduponactualincurrencethereof.
35.ChangesinMainAccountingPoliciesandEstimates
(1)ChangesofaccountingpoliciesIn2018,theMinistryofFinanceissuedtherevised"AccountingStandardsforBusinessEnterprisesNo.21-Leases"(referredtoasthe"NewLeaseStandards").TheCompanystartstoimplementtheabovenewlyrevisedstandardssince1January2021.Inaccordancewiththelinkupprovision,noadjustmentwasmadetoinformationofcomparativeperiod,andtheCompany
retroactivelyadjustedtheretainedearningsofperiod-beginandamountofotherrelevantitemsinfinancialstatementsbasedonthedifferencebetweenthecurrentstandardsandthenewstandardsonthefirstexecutiondate.Thenewleasestandardshaveimprovedthedefinitionoflease,addedsuchcontentsasleaseidentification,separationandcombination,canceledtheclassificationofoperatingleaseandfinanceleasebythelessor,andproposedsucharequirementthattheright-of-useassetsandleaseobligationsshall,ontheleaseinceptiondate,berecognizedandrespectivelyincludedindepreciationandinterestexpensesforallleases(excludingshort-termandlow-valueassetleases);inaddition,theyhavealsoimprovedthelessee'ssubsequentmeasurementofleases,whileaddingsuchcontentsasaccountingtreatmentincaseofoptionreassessmentandleasechangeaswellasrelevantdisclosurerequirements.Thesenewstandardshavealsoenrichedthecontentstobedisclosedbythelessor.Accordingtotheprovisionsoftheaforesaidnewleasestandards,foracontractalreadyexistingpriortotheinitialexercisedate,theCompanywilldecidenottoreassesswhetheritisaleaseorincludesanyleaseontheinitialinceptiondate.ForoperatingleasesinwhichanyassetleasedbytheCompanyasthelesseepriortotheinitialexercisedateisalow-valueasset,andforoperatinglicensetobecompletedwithin12months,theCompanywilltreattheminasimplifiedwaywithoutrecognizingtheright-of-useassetsorleaseobligations.Accordingtothenewleasestandards,itisunnecessaryfortheCompanyasthelessortoadjustleasesaccordingtothebridgingprovisions,andtheaccountingtreatmentofleasesshallbeconductedaccordingtothesenewstandardsasoftheinitialexercisedate.
(2)ChangesinAccountingEstimatesNosuchcasesintheReportingPeriod.
(3)AdjustmentstotheFinancialStatementsattheBeginningoftheFirstExecutionYearofanyNewStandardsGoverningLeasessince20211）Consolidatedbalancesheet:
Unit:RMB
| Item | 31December2020 | 1January2021 | Adjustment |
| Currentassets: | |||
| Prepayments | 1,183,270,543.41 | 1,182,471,715.24 | -798,828.17 |
| Otherreceivables | 2,145,736,640.60 | 2,145,209,803.70 | -526,836.90 |
| Totalcurrentassets | 25,138,685,951.57 | 25,137,360,286.50 | -1,325,665.07 |
| Non-currentassets: | |||
| Right-of-useassets | 103,838,847.54 | 103,838,847.54 | |
| Totalnon-currentassets | 24,737,581,542.04 | 24,841,420,389.58 | 103,838,847.54 |
| Totalassets | 49,876,267,493.61 | 49,978,780,676.08 | 102,513,182.47 |
| Currentliabilities: | |||
| Otherpayables | 1,999,430,899.69 | 1,991,555,887.10 | -7,875,012.59 |
| Currentportionofnon-currentliabilities | 376,896,566.29 | 425,552,664.43 | 48,656,098.14 |
| Totalcurrentliabilities | 26,979,203,650.51 | 27,019,984,736.06 | 40,781,085.55 |
| Non-currentliabilities: | |||
| Leaseliabilities | 61,732,096.92 | 61,732,096.92 |
| Item | 31December2020 | 1January2021 | Adjustment |
| Totalnon-currentliabilities | 12,176,168,718.46 | 12,237,900,815.38 | 61,732,096.92 |
| Totalliabilities | 39,155,372,368.97 | 39,257,885,551.44 | 102,513,182.47 |
| Totalliabilitiesandshareholders’equity | 49,876,267,493.61 | 49,978,780,676.08 | 102,513,182.47 |
）BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 31December2020 | 1January2021 | Adjustment |
| Currentassets: | |||
| Totalcurrentassets | 21,416,968,747.54 | 21,416,968,747.54 | |
| Non-currentassets: | |||
| Right-of-useassets | 6,321,843.42 | 6,321,843.42 | |
| Totalnon-currentassets | 11,111,803,009.84 | 11,118,124,853.26 | 6,321,843.42 |
| Totalassets | 32,528,771,757.38 | 32,535,093,600.80 | 6,321,843.42 |
| Currentliabilities: | |||
| Currentportionofnon-currentliabilities | 5,867,425.49 | 8,297,306.42 | 2,429,880.93 |
| Totalcurrentliabilities | 18,371,248,287.48 | 18,373,678,168.41 | 2,429,880.93 |
| Non-currentliabilities: | |||
| Leaseliabilities | 3,891,962.49 | 3,891,962.49 | |
| Totalnon-currentliabilities | 8,059,740,136.21 | 8,063,632,098.70 | 3,891,962.49 |
| Totalliabilities | 26,430,988,423.69 | 26,437,310,267.11 | 6,321,843.42 |
| Totalliabilitiesandshareholders’equity | 32,528,771,757.38 | 32,535,093,600.80 | 6,321,843.42 |
ThefollowingaremajorchangesandinfluencesbroughttotheCompanybytheexecutionofnewleasestandards:
On1January2021,theCompanyrecognizedleaseobligations(includingthoseduewithinoneyear)amountingtoRMB110,388,195.06,andright-of-useassetsamountingtoRMB103,838,847.54.Foroperatingleasespriortotheinitialexercisedate,theCompanynowmeasurestheleaseobligationsthereofaccordingtothepresentvaluediscountedattheincrementalborrowingrate(rangingfrom4.35%to4.90%)ontheinitialexercisedate.Duetotheexecutionofnewleasestandards,theCompanyhastherentalspayableinadvancethatarepreviouslyincludedintheprepaymentsandotherreceivablesandtheunpaidrentalspayablethatarepreviouslyincludedinotherreceivablesreclassifiedintotheright-of-useassets.V.Taxation
1.MainTaxesandTaxRate
| Categoryoftaxes | Basis | Specificsituationofthetaxesrate |
| VAT | CalculatedtheoutputtaxatthetaxrateandpaidtheVATbytheamountafterdeductingthedeductiblewithholdingVATatcurrentperiod, | 1%,3%,5%,6%,9%,13% |
| Categoryoftaxes | Basis | Specificsituationofthetaxesrate |
| ofwhichtheVATapplicabletoeasycollectionwon’tbelongtothedeductiblewithholdingVAT. | ||
| Urbanmaintenanceandconstructiontax | Thecirculatingtaxactuallypaid | Paidat5%:DongguanKonka,XingDaHongYe,XinfengMicrocrystalline,BoluoKonkaPrecision,BoluoKonka,DongguanPacking,NingboKanghanrui,JiangsuKonkaSmart,ShanghaiKonka,ChengduAnren,BinzhouBeihaiJingmai,BinzhouEconZhongke,SuiningPengxiKangrun,DayiKangrunWater,LushanKangrunEnvironmental,FunanKangrunWater,SubeiKangrunWater,MengchengKangrun,TingyuanEnvironmental,YibinKangrun,YibinKangrunMedical,YibinKangrunEnvironmentalProtection.Paidat7%:KonkaCapital.Paidat1%:JiangxiKonka,JiangxiHighTransparentSubstrate,Jiangkang(Shanghai)Technology.Paidat7%:othersubsidiaries. |
| Educationsurtax | Thecirculatingtaxactuallypaid | 3% |
| Localeducationsurtax | Thecirculatingtaxactuallypaid | 2% |
| Enterpriseincometax | Taxableincome | 25%/2.TaxPreferenceandApprovedDocuments |
Themaintaxpayersofdifferentcorporateincometaxratesareexplainedasfollows:
| Nameofentity | Incometaxrate |
| ElectronicsTechnology,AnhuiKonka,AnhuiTongchuang,EconTechnology,Wankaida,JiangxiKonka,XinfengMicrocrystalline,JiangxiHighTransparentSubstrate,SichuanKonka,BoluoKonkaPrecision,ChongqingKangxingrui | 15.00% |
| HongKongKonka,KonkaElectricalAppliancesInternationalTrading,JialiInternational,Kangjietong,JiaxinTechnology,JiaxinTechnology,KonkaElectricalAppliancesInvestment,KonkaSmartTech,KonkaMobility,KowinMemory(HongKong) | 16.50% |
| ChainKingdomMemoryTechnologies | 8.25%/16.50% |
| KonkaEurope | 15.00% |
| KanghaoTechnology | 22.50% |
| KonkaNorthAmerica | 21.00% |
| TheCompanyastheParentandothersubsidiaries | 25.00% |
Note:AccordingtoregulationsofTemporaryProvisionsofIncomeTaxofTrans-boundaryTaxPaymentEnterprisesbyStateAdministrationofTaxation,residententerpriseswithoutbusinessestablishmentorplacesoflegalpersonsshouldbetaxpaymententerpriseswiththeadministrativemeasuresofincometaxof“unifiedcomputing,level-to-leveladministration,localprepayment,liquidationsummary,andfinancetransfer”.Itcameintoforcefrom1January2008.Accordingtotheabovemethods,theCompany’ssalesbranchcompaniesineachareawillhandinthecorporateincometaxesinadvancefrom1January2008andwillbefinalsettleduniformlybytheCompanyattheyear-end.
2.TaxPreferenceandApprovedDocuments
(1)AccordingtoCaishui[2019]No.13:Noticeontheimplementationoftheinclusivetaxreductionandexemptionpolicyforsmallandmicroenterprises,from1January2019to31December2021,theannualtaxableincomeofsmallandprofitableenterprisesisnotTheportionexceedingRMB1millionwillbereducedto25%ofthetaxableincome,andthecorporateincometaxwillbepaidattherateof20%;theportionoftheannualtaxableincomeexceedingRMB1millionbutnotexceedingRMB3millionwillbereducedby50%Includethetaxableincomeandpaycorporateincometaxatarateof20%.
(2)On9September2019,AnhuiKonka,thesubsidiaryoftheCompany,obtainedacertificateofhigh-techenterprisejointlyissuedbyAnhuiScienceandTechnologyDepartment,AnhuiProvincialDepartmentofFinanceandAnhuiProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR201934000966andisvalidforthreeyears.Accordingtorelevanttaxregulations,AnhuiKonkashallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2019to2021andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(3)On16September2019,XinfengMicrocrystalline,thesubsidiaryoftheCompany,obtainedahigh-techenterprisecertificatejointlyissuedbyJiangxiScienceandTechnologyDepartment,JiangxiProvincialDepartmentofFinanceandJiangxiProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR201936000744andisvalidforthreeyears.Accordingtorelevanttaxregulations,XinfengMicrocrystallineshallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2019to2021andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(4)On20November2019,AnhuiTongchuang,thesubsidiaryoftheCompany,obtainedahigh-techenterprisecertificatejointlyissuedbyAnhuiScienceandTechnologyDepartment,AnhuiProvincialDepartmentofFinanceandAnhuiProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR201934001964andisvalidforthreeyears.Accordingtorelevanttaxregulations,AnhuiTongchuangshallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2019to2021andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(5)On28November2019,SichuanKonka,asubsidiaryoftheCompany,obtainedacertificateofhigh-techenterprisejointlyissuedbySichuanScienceandTechnologyDepartment,SichuanProvincialDepartmentofFinanceandSichuanProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR201951002096andisvalidforthreeyears.Accordingtorelevanttaxregulations,SichuanKonkashallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2019to2021andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(6)On2December2019,BokangPrecision,asubsidiaryoftheCompany,obtainedthehigh-techenterprisecertificatejointlyissuedbytheGuangdongProvincialDepartmentofScienceandTechnology,theGuangdongProvincialDepartmentofFinance,theGuangdongStateTaxationBureau,andtheGuangdongLocalTaxationBureau.ThecertificatenumberisGR201944007820,validforthreeyears,accordingtorelevanttaxregulations,BokangPrecisionhasenjoyedrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2019to2021,andissubjecttocorporateincometaxatapreferentialtaxrateof15%.
(7)On9December2019,ElectronicsTechnology,thesubsidiaryoftheCompany,obtainedaCertificateofHigh-techEnterprisejointlyissuedbyShenzhenScienceandTechnologyDepartment,ShenzhenProvincialDepartmentofFinanceandShenzhenProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR201944204287andisvalidforthreeyears.Accordingtorelevanttaxregulations,ElectronicsTechnologyshallenjoyrelevant
preferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2019to2021andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(8)On17August2020,EconTechnology,asubsidiaryoftheCompany,obtainedtheHigh-techEnterpriseCertificate(certificateNo.:GR202037000258)jointlyissuedbyDepartmentofScienceandTechnologyofShandongProvince,DepartmentofFinanceofShandongProvince,ShandongProvincialOffice,SAT,ShandongLocalTaxationBureauwithavalidperiodofthreeyears.Accordingtotherelevanttaxregulations,EconTechnologyenjoysrelatedtaxincentivesforhigh-techcompaniesforthreeconsecutiveyearsfrom2020to2022,andissubjecttocorporateincometaxatapreferentialrateof15%.
(9)On14September2020,JiangxiKonka,thesubsidiaryoftheCompany,obtainedahigh-techenterprisecertificatejointlyissuedbyJiangxiScienceandTechnologyDepartment,JiangxiProvincialDepartmentofFinanceandJiangxiProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR202036000802andisvalidforthreeyears.Accordingtorelevanttaxregulations,JiangxiKonkashallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2020to2022andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(10)On14September2020,JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”),thesubsidiaryoftheCompany,obtainedahigh-techenterprisecertificatejointlyissuedbyJiangxiScienceandTechnologyDepartment,JiangxiProvincialDepartmentofFinanceandJiangxiProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR202036000568andisvalidforthreeyears.Accordingtorelevanttaxregulations,JiangxiHighTransparentSubstrateshallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2020to2022andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(11)On11December2020,Wankaida,thesubsidiaryofthisCompanyobtainedthehigh-techenterprisecertificate(certificateNo.:GR202044201940)jointlyissuedbyShenzhenTechnologyInnovationCommittee,FinanceCommitteeofShenzhenMunicipality,ShenzhenTaxationBureauofSATwithavalidperiodofthreeyears.Accordingtorelatedtaxationregulations,Wankaidaenjoysrelatedtaxationpreferentialpoliciesasahigh-techenterprisefrom2020to2022andpaystheenterpriseincometaxasperthepreferentialtaxrateof15%.
(12)InaccordancewiththeNoticeonTaxPolicyIssuesInvolvedintheFurtherImplementationoftheWesternDevelopmentStrategy(C.S.[2011]No.58)andtheAnnouncementonCorporateIncomeTaxIssuesInvolvedintheFurtherImplementationoftheWesternDevelopmentStrategy(Announcement[2012]No.12bytheStateTaxationAdministration),anenterpriseestablishedinthewesternregionwhoismainlyengagedinanindustryspecifiedintheCatalogueofEncouragedIndustriesintheWesternRegionandwhosemainbusinessincomeaccountsforover70%ofitsgrossincomeinthecurrentyear,isentitledtoareducedcorporateincometaxrateof15%.ChongqingKangxingrui,asubsidiaryoftheCompany,iseligibleforthispreferentialtaxpolicy.
(13)AccordingtotheNoticeonIssuesConcerningthePromotionofEnergy-SavingServiceIndustryDevelopmentVATBusinessTaxandCorporateIncomeTaxPolicyIssuedbytheMinistryofFinanceandtheStateAdministrationofTaxation(Caishui[2010]No.110)Fortheincome,theenterpriseenjoysthe"threeexemptionsandthreehalves"preferentialtreatmentofcorporateincometaxsincethetaxyearinwhichthefirstproductionandoperationincomeoftheprojectisobtained.BinhaiSewage,LairunHoldingsandRushanEcon,subsidiariesoftheCompany,enjoythistaxincentive.BinhaiSewageandLairunHoldingswillbeexemptfromcorporateincometaxfrom2017to2019,andcorporateincometaxwillbeleviedathalfthe25%legaltaxratefrom2020to2022.RushanEconwillbeexemptfromcorporateincometaxfrom
2019to2021,andcorporateincometaxwillbeleviedathalfthe25%legaltaxratefrom2022to2024.
(14)Accordingtothefiscalandtaxationdocument[2011]No.100publishedbytheMinistryofFinanceandtheStateAdministrationofTaxation,fortheVATgeneraltaxpayerswhoselltheirself-developedandproducedsoftwareproducts,theVATshallbeleviedattherateof13%,andthenthepartthattheactualtaxburdenontheirVATexceeds3willbeimplementedwiththepolicyofimmediatewithdrawal.TheCompany’ssubsidiaries,WankaidaTechnology,YouzhihuiandElectronicsTechnologyallenjoythispreferentialpolicy.
(15)AccordingtotheregulationsoftheSpecialCatalogueofVATConcessionsforProductsandLaborswithComprehensiveUtilizationofResourcesissuedbytheMinistryofFinanceandtheStateAdministrationofTaxation(FinanceandTaxation[2015]No.78),thewastewatertreatmentbusinessoperatedbyLairunHoldingsandBinhaiSewage,subsidiariesoftheCompany,belongstothethiscatalogue.ThenafterleviedtheVATatthestatutorytaxrate,itcurrentlycarriesoutthetaxrateof6%(SATAnnouncement[2020]No.9,theactualtaxburdenonthewastewatertreatmentincometaxwillberefundedinaccordancewiththe70%oftheactualtaxburden,andtheactualtaxburdenontherenewablewaterincomeVATwillberefundedimmediatelyat50%.ThewastewatertreatmentbusinessoperatedbyRushanEcon,subsidiariesoftheCompany,belongstothecatalogue.ThenafterleviedtheVATatthestatutorytaxrate,itcurrentlycarriesoutthetaxrateof6%(SATAnnouncement[2020]No.9,theactualtaxburdenonthewastewatertreatmentincometaxwillberefundedinaccordancewiththe70%oftheactualtaxburden,andtheactualtaxburdenontherenewablewaterincomeVATwillberefundedimmediatelyat50%.
(16)AccordingtotheAnnouncementontheApplicablePoliciesfortheSettlementandPaymentofCorporateIncomeTaxofIntegratedCircuitDesignEnterprisesandSoftwareEnterprisesin2019(C.S.[2020]No.29),integratedcircuitdesignenterprisesandsoftwareenterprisesthatarelegallyestablishedwithintheterritoryofChinaandmeetcertainrequirements,areentitledtoaperiodofpreferentialtaxratesstartingfromthefirstprofitableyearbefore31December2019.Theyareexemptfromcorporateincometaxinthefirstandsecondyears,andforthenextthreeyearstilltheexpirationofthisperiod,thecorporateincometaxrateishalfofthestatutoryrateof25%.TheCompany'ssubsidiaryYouzhihuienjoysthepreferentialpolicies,anda0%incometaxrateisapplicablein2021.VINotesonMajorItemsinConsolidatedFinancialStatementsoftheCompanyUnlessotherwisenoted,thefollowingannotationproject(includingthemainprojects,annotationofthefinancialstatementoftheCompany),theperiod-beginrefersto1January2021,theperiod-endrefersto30June2021,thisperiodreferstotheperiodfrom1January2021to30June2021andthelastperiodreferstotheperiodfrom1January2020to30June2020.Themonetaryunitisrenminbi.
1.MonetaryAssets
| Item | Endingbalance | Beginningbalance |
| Cashonhand | 9,534.97 | 16,052.88 |
| Bankdeposits | 5,159,975,691.09 | 4,298,040,060.36 |
| Othermonetaryassets | 648,960,499.91 | 1,133,474,067.66 |
| Total | 5,808,945,725.97 | 5,431,530,180.90 |
| Ofwhich:totalamountdepositedinoverseas | 79,359,852.77 | 202,052,024.94 |
Note:Theendingbalanceofothercurrencyassetsismainlymargindeposits,financialsupervisionaccountfundsandotherdepositssubjecttousagerestrictions.RefertoNoteVI-66Assetswithrestrictedownershiporuserightfordetails.
2.Tradingfinancialassets
| Item | Endingbalance | Beginningbalance |
| Financialassetsatfairvaluethroughprofitorloss | 618,249,541.66 | |
| Ofwhich:debtinstrumentinvestment | ||
| Equityinstrumentinvestment | ||
| Structuraldeposits | 618,249,541.66 | |
| Financialassetsassignedtobemeasuredatfairvaluethroughprofitorloss | ||
| Ofwhich:debtinstrumentinvestment | ||
| Hybridinstrumentinvestment | ||
| Total | 618,249,541.66 |
3.Notesreceivable
(1)NotesReceivableListedbyCategory
| Item | Endingbalance | Beginningbalance |
| Commercialacceptancebill | 484,538,424.18 | 1,012,776,099.43 |
| Bank’sacceptancebill | 1,032,634,966.93 | 1,345,404,094.53 |
| Total | 1,517,173,391.11 | 2,358,180,193.96 |
(2)NotesReceivablePledgedbytheCompanyatthePeriod-end
| Item | Amount |
| Bank’sacceptancebill | 693,159,230.21 |
| Total | 693,159,230.21 |
(3)NotesReceivablewhichHadEndorsedbytheCompanyorhadDiscountedandhadnotDueontheBalanceSheetDateatthePeriod-end
| Item | Amountofrecognitionterminationattheperiod-end | Amountofnotterminatedrecognitionattheperiod-end |
| Bank’sacceptancebill | 701,692,531.30 | |
| Commercialacceptancebill | 2,433,471.02 | 199,491,442.79 |
| Total | 704,126,002.32 | 199,491,442.79 |
(4)NotesTransferredtoAccountsReceivablebecauseDraweroftheNotesFailedtoExecutetheContractorAgreement
| Item | Amountofthenotestransferredtoaccountsreceivableattheperiod-end |
| Bank’sacceptancebill | 200,000,000.00 |
| Commercialacceptancebill | 745,878,417.66 |
| Total | 945,878,417.66 |
Note:Attheendoftheperiod,thebillstransferredtotheaccountsreceivableduetotheissuer’sfailuretoperformweretheoverduebillsofthecompany'sfactoringbusiness.
(5)ListedbyWithdrawalMethodsforBadDebtProvision
| Category | Endingbalance | ||
| Carryingamount | Baddebtprovision | Carryingvalue | |
| Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
| Provisionforbaddebtsprovidedindividually | |||||
| Baddebtprovisionmadeasperportfolio | 1,527,263,819.71 | 100.00 | 10,090,428.60 | 0.66 | 1,517,173,391.11 |
| Ofwhich:Bankacceptancebill | 1,032,634,966.93 | 67.61 | 1,032,634,966.93 | ||
| Commercialacceptancebill | 494,628,852.78 | 32.39 | 10,090,428.60 | 2.04 | 484,538,424.18 |
| Total | 1,527,263,819.71 | 100.00 | 10,090,428.60 | 0.66 | 1,517,173,391.11 |
(Continued)
| Category | Beginningbalance | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | |||
| Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
| Provisionforbaddebtsprovidedindividually | |||||
| Baddebtprovisionmadeasperportfolio | 2,387,417,262.59 | 100.00 | 29,237,068.63 | 1.22 | 2,358,180,193.96 |
| Ofwhich:Bankacceptancebill | 1,345,404,094.53 | 56.35 | 1,345,404,094.53 | ||
| Commercialacceptancebill | 1,042,013,168.06 | 43.65 | 29,237,068.63 | 2.81 | 1,012,776,099.43 |
| Total | 2,387,417,262.59 | 100.00 | 29,237,068.63 | 1.22 | 2,358,180,193.96 |
(6)Inthegroup,notesreceivable,forwhichtheprovisionforexpectedcreditlosswasmadeaccordingtotradeacceptance
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion(%) | |
| Within1year | 494,628,852.78 | 10,090,428.60 | 2.04 |
| Total | 494,628,852.78 | 10,090,428.60 | 2.04 |
(7)Baddebtprovisionfornotesreceivablewithdrawn,collectedorreversedduringtheReportingPeriod
| Category | Beginningbalance | Changedamount | Endingbalance | ||
| Withdrawal | Collectedorreversed | Write-offorverified | |||
| Commercialacceptancebill | 29,237,068.63 | 19,146,640.03 | 10,090,428.60 | ||
| Total | 29,237,068.63 | 19,146,640.03 | 10,090,428.60 | ||
(8)NotesreceivableactuallywrittenoffinthecurrentperiodThereisnonotesreceivableactuallywrittenoffinthecurrentperiod.
4.AccountsReceivable
(1)ListedbyWithdrawalMethodsforExpectedCreditLoss
| Category | Endingbalance | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | |||
| Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
| Accountsreceivable,forwhichtheindependentprovisionforexpectedcreditlosses | 1,398,702,013.10 | 24.34 | 765,540,779.44 | 54.73 | 633,161,233.66 |
| Accountsreceivable,forwhichtheprovisionforexpectedcreditlosseswaswithdrawnaccordingtogroups | |||||
| Ofwhich:aginggroup | 3,396,271,822.61 | 59.10 | 308,692,123.69 | 9.09 | 3,087,579,698.92 |
| Projectpaymentgroup | 952,005,539.60 | 16.56 | 123,155,445.59 | 12.94 | 828,850,094.01 |
| Subtotalofgroups | 4,348,277,362.21 | 75.66 | 431,847,569.28 | 9.93 | 3,916,429,792.93 |
| Total | 5,746,979,375.31 | 100.00 | 1,197,388,348.72 | 20.84 | 4,549,591,026.59 |
(Continued)
| Category | Beginningbalance | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | |||
| Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
| Accountsreceivable,forwhichtheindependentprovisionforexpectedcreditlosses | 1,384,462,893.38 | 27.50 | 750,096,749.22 | 54.18 | 634,366,144.16 |
| Accountsreceivable,forwhichtheprovisionforexpectedcreditlosseswaswithdrawnaccordingtogroups | |||||
| Ofwhich:aginggroup | 3,004,054,396.28 | 59.66 | 271,291,702.62 | 9.03 | 2,732,762,693.66 |
| Projectpaymentgroup | 646,556,634.10 | 12.84 | 112,787,848.33 | 17.44 | 533,768,785.77 |
| Subtotalofgroups | 3,650,611,030.38 | 72.50 | 384,079,550.95 | 10.52 | 3,266,531,479.43 |
| Total | 5,035,073,923.76 | 100.00 | 1,134,176,300.17 | 22.53 | 3,900,897,623.59 |
1)Accountsreceivable,forwhich,theindependentprovisionforexpectedcreditlossismadeattheperiod-end
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion(%) | Withdrawalreason | |
| ShanghaiHuaxinInternationalGroupCo.,Ltd | 300,018,021.01 | 240,014,416.81 | 80.00 | Debtdefault |
| HongtuSanbaoHigh-techTechnologyCo.,Ltd. | 200,000,000.00 | 80,000,000.00 | 40.00 | Agreementreorganization |
| TewooFinanceCompanyLimited | 200,000,000.00 | 90,000,000.00 | 45.00 | Judicialreorganization |
| ChinaNuclearEngineeringConstructionGroupCo.,Ltd | 72,639,096.65 | 22,374,785.74 | 30.80 | Increasedcreditrisk |
| No.1EngineeringCompanyLimitedofCCCCFirstHarborEngineeringCompanyLimited | 65,221,300.00 | 58,699,170.00 | 90.00 | Expectedtobedifficulttorecoverinfull |
| TahoeGroupCo.Ltd | 50,000,000.00 | 20,000,000.00 | 40.00 | Debtreorganization |
| ChinaEnergyElectricFuelCo.,Ltd | 50,000,000.00 | 40,000,000.00 | 80.00 | Expectedtobedifficulttorecoverinfull |
| EmpireElectronicCorp | 42,051,136.30 | 42,051,136.30 | 100.00 | Long-termcollectionandcannotberecovered |
| H-BUSTERDOBRASILI | 17,767,310.32 | 17,767,310.32 | 100.00 | Thecounterpartyisbankruptandisexpectedtobedifficulttorecover |
| TreeviewBusinessRegistration | 11,533,071.11 | 11,533,071.11 | 100.00 | Expectedtobedifficulttorecoverinfull |
| Others | 389,472,077.71 | 143,100,889.16 | 36.74 | Increasedcreditrisk |
| Total | 1,398,702,013.10 | 765,540,779.44 | 54.73 | |
2)Accountsreceivable,forwhichtheprovisionforexpectedcreditlosseswaswithdrawnaccordingtogroups
①Inthegroup,accountsreceivable,forwhich,theprovisionforexpectedcreditlosswasmadeaccordingtoaginggroups
| Aging | Endingbalance |
| Carryingamount | Baddebtprovision | Withdrawalproportion(%) | |
| Within1year | 2,556,074,660.66 | 52,143,923.09 | 2.04 |
| 1to2years | 550,987,178.29 | 55,208,915.26 | 10.02 |
| 2-3years | 104,180,404.75 | 23,638,533.82 | 22.69 |
| 3-4years | 20,867,959.50 | 13,539,132.11 | 64.88 |
| Over4years | 164,161,619.41 | 164,161,619.41 | 100.00 |
| Total | 3,396,271,822.61 | 308,692,123.69 | 9.09 |
②Inthegroup,accountsreceivable,forwhich,theprovisionforexpectedcreditlosswasmadeaccordingtoprojectpaymentgroups
| Aging | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion(%) | |
| Within1year | 579,801,611.63 | 28,990,080.58 | 5.00 |
| 1to2years | 215,058,744.95 | 21,505,874.48 | 10.00 |
| 2-3years | 61,349,562.07 | 18,404,868.62 | 30.00 |
| 3-4years | 82,889,837.11 | 41,444,918.56 | 50.00 |
| Over4years | 12,905,783.84 | 12,809,703.35 | 99.26 |
| Total | 952,005,539.60 | 123,155,445.59 | 12.94 |
(2)AccountsReceivableListedbyAging
| Aging | Endingbalance |
| Within1year | 3,137,254,613.66 |
| 1to2years | 1,283,600,174.24 |
| 2-3years | 985,861,130.06 |
| 3-4years | 118,434,709.06 |
| Over4years | 221,828,748.29 |
| Subtotal | 5,746,979,375.31 |
| Less:provisionforbaddebts | 1,197,388,348.72 |
| Total | 4,549,591,026.59 |
(3)BaddebtprovisionforaccountsreceivableduringtheReportingPeriod
| Category | Beginningbalance | Changedamount | Endingbalance | |||
| Withdrawal | Collectedorreversed | Write-offorverified | Decreaseforotherreasons | |||
| Baddebtprovisionof | 1,134,176,300.17 | 64,007,725.46 | 795,676.91 | 1,197,388,348.72 | ||
| Category | Beginningbalance | Changedamount | Endingbalance | |||
| Withdrawal | Collectedorreversed | Write-offorverified | Decreaseforotherreasons | |||
| accountsreceivable | ||||||
| Total | 1,134,176,300.17 | 64,007,725.46 | 795,676.91 | 1,197,388,348.72 | ||
(4)AccountsreceivableactuallyverifiedduringtheReportingPeriodTherewerenoaccountsreceivableactuallyverifiedduringtheReportingPeriod
(5)Top5oftheEndingBalanceoftheAccountsReceivableCollectedaccordingtotheArrearsPartyThetotalamountoftopfiveofaccountreceivableofendingbalancecollectedbyarrearspartywasRMB1,850,904,230.04,accountingfor32.21%oftotalclosingbalanceofaccountreceivable,therelevantendingbalanceofbaddebtprovisionwithdrawnwasRMB446,133,386.05.
(6)Therewasnoaccountsreceivablederecognizedfortransferoffinancialassets.
(7)Thereisnoamountofassetsandliabilitiesformedduetothetransferofaccountsreceivableandcontinuedinvolvementinthisyear.
5.AccountsReceivableFinancing
| Item | Endingbalance | Beginningbalance |
| NotesReceivable | 111,375,140.87 | 84,057,197.44 |
| Total | 111,375,140.87 | 84,057,197.44 |
Note:AccountsreceivablefinancingisthebankacceptancesofhighercreditratingheldbytheCompany,whichaimatbothcollectingcontractcashandsellingthefinancialassetsthemselves.
6.Prepayments
(1)Ageofadvancestosuppliers
| Item | Endingbalance | Beginningbalance | ||
| Amount | Proportion(%) | Amount | Proportion(%) | |
| Within1year | 1,180,899,468.37 | 94.80 | 1,165,964,102.58 | 98.60 |
| 1to2years | 48,185,527.45 | 3.87 | 14,282,024.18 | 1.21 |
| 2-3years | 14,919,139.92 | 1.20 | 733,390.33 | 0.06 |
| Over3years | 1,608,577.38 | 0.13 | 1,492,198.15 | 0.13 |
| Total | 1,245,612,713.12 | 100.00 | 1,182,471,715.24 | 100.00 |
Note:TheamountofprepaymentsagedoveroneyearattheendoftheperiodisRMB64,713,244.75,accountingfor5.20%ofthetotalbalanceofprepaymentsoftheCompany,andconsistsmainlyofpaymentsforgoodsafloatorunsettledpayments.
(2)AdvancestosuppliersfromtopfiveprepaidpartiesclassifiedbasedontheendingbalanceThesumtotalofprepaymentswithtopfiveendingbalancecollectedaspertheprepaidpartyisRMB666,288,915.38,andtheproportionintotalendingbalanceofpaymentsis53.49%.
7.Otherreceivables
| Item | Endingbalance | Beginningbalance |
| Interestreceivable | 54,484,552.15 | 45,109,425.85 |
| Item | Endingbalance | Beginningbalance |
| Dividendsreceivable | 547,848.62 | 4,947,848.62 |
| OtherReceivables | 1,947,638,531.25 | 2,095,152,529.23 |
| Total | 2,002,670,932.02 | 2,145,209,803.70 |
7.1Interestreceivable
| Item | Endingbalance | Beginningbalance |
| Fixtimedeposit | 1,324,149.54 | 10,235,673.76 |
| Entrustedloans | 52,589,846.73 | 34,303,196.21 |
| Factoringincome | 570,555.88 | 570,555.88 |
| Total | 54,484,552.15 | 45,109,425.85 |
7.2Dividendsreceivable
| Investee | Endingbalance | Beginningbalance |
| ChongqingQingjiaElectronicCo.,Ltd. | 547,848.62 | 547,848.62 |
| BinzhouBeihaiWeiqiaoSolidWasteTreatmentCo.,Ltd. | 4,400,000.00 | |
| Total | 547,848.62 | 4,947,848.62 |
7.3Otherreceivables
(1)ClassifiedbyAccountNature
| Item | Endingbalance | Beginningbalance |
| Deposit,Deposit,Deposit | 1,680,032,404.13 | 1,642,180,460.58 |
| Intercoursefundsamongminorityshareholdersinthebusinessconsolidationnotunderthesamecontrolandrelatedparties | 178,104,342.21 | 176,427,511.36 |
| Energy-savingsubsidies | 152,399,342.00 | 152,399,342.00 |
| Disposalofnon-currentassets | 132,331,700.00 | |
| Others | 610,032,960.00 | 638,277,470.76 |
| Total | 2,620,569,048.34 | 2,741,616,484.70 |
(2)WithdrawalofBadDebtProvision
| Baddebtprovision | PhaseI | PhaseII | PhaseIII | Total |
| Expectedcreditlossesoverthenext12months | Expectedcreditlossesfortheentireduration(nocreditimpairment) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| Balanceasat1January2021 | 22,563,051.40 | 60,086,857.29 | 563,814,046.78 | 646,463,955.47 |
| IntheReportingPeriod,Carryingamountofotherreceivableson1January2021: |
| Baddebtprovision | PhaseI | PhaseII | PhaseIII | Total |
| Expectedcreditlossesoverthenext12months | Expectedcreditlossesfortheentireduration(nocreditimpairment) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| ——TransferredtothePhaseII | -6,491,687.33 | 6,491,687.33 | ||
| ——TransferredtothePhaseIII | -243,220.74 | 243,220.74 | ||
| ——TransferredbacktothePhaseII | ||||
| ——TransferredbacktothePhaseI | ||||
| Provisionmadeinthecurrentyear | -281,860.53 | 28,935,282.95 | -2,122,329.79 | 26,531,092.63 |
| Amounttransferredbackinthecurrentyear | ||||
| Write-off | ||||
| Verification | ||||
| Otherchanges | -64,531.01 | -64,531.01 | ||
| Balanceasat30June2021 | 15,724,972.53 | 95,270,606.83 | 561,934,937.73 | 672,930,517.09 |
Note:Thefirststageisthatcreditriskhasnotincreasedsignificantlysinceinitialrecognition.Forotherreceivableswithanagingportfolioandalow-riskportfoliowithin1year,thelossprovisionismeasuredaccordingtotheexpectedcreditlossesinthenext12months.Thesecondstageisthatcreditriskhasincreasedsignificantlysinceinitialrecognitionbutcreditimpairmenthasnotyetoccurred.Forotherreceivableswithanagingportfolioandalow-riskportfoliothatexceed1year,thelossprovisionismeasuredbasedontheexpectedcreditlossesfortheentireduration.Thethirdstageisthecreditimpairmentafterinitialconfirmation.Forotherreceivablesofcreditimpairmentthathaveoccurred,thelossprovisionismeasuredaccordingtothecreditlossesthathaveoccurredthroughouttheduration.
(3)Withdrawingbaddebtprovisionforotherreceivablesaccordingtogroup
| Category | Endingbalance | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | |||
| Amount | Proportion(%) | Amount | Withdrawalproportion | ||
| Otherreceivableswithsignificantindividualamountandmakeindependentprovisionforexpectedcreditloss | 1,176,983,042.62 | 44.91 | 561,934,937.73 | 47.74 | 615,048,104.89 |
| Category | Endingbalance | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | |||
| Amount | Proportion(%) | Amount | Withdrawalproportion | ||
| Otherreceivableswithdrawnbaddebtprovisionaccordingtocreditriskscharacteristics | |||||
| Aginggroup | 1,234,608,154.98 | 47.12 | 103,359,395.49 | 8.37 | 1,131,248,759.49 |
| Low-riskgroup | 208,977,850.74 | 7.97 | 7,636,183.87 | 3.65 | 201,341,666.87 |
| Subtotalofgroups | 1,443,586,005.72 | 55.09 | 110,995,579.36 | 7.69 | 1,332,590,426.36 |
| Total | 2,620,569,048.34 | 100.00 | 672,930,517.09 | 25.68 | 1,947,638,531.25 |
(Continued)
| Category | Beginningbalance | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | |||
| Amount | Proportion(%) | Amount | Withdrawalproportion | ||
| Otherreceivableswithsignificantindividualamountandmakeindependentprovisionforexpectedcreditloss | 1,177,068,758.61 | 42.93 | 563,814,046.78 | 47.90 | 613,254,711.83 |
| Otherreceivableswithdrawnbaddebtprovisionaccordingtocreditriskscharacteristics | |||||
| Aginggroup | 1,327,676,325.32 | 48.43 | 73,662,861.99 | 5.55 | 1,254,013,463.33 |
| Low-riskgroup | 236,871,400.77 | 8.64 | 8,987,046.70 | 3.79 | 227,884,354.07 |
| Subtotalofgroups | 1,564,547,726.09 | 57.07 | 82,649,908.69 | 5.28 | 1,481,897,817.40 |
| Total | 2,741,616,484.70 | 100.00 | 646,463,955.47 | 23.58 | 2,095,152,529.23 |
(4)Listedbyaging
| Aging | Endingbalance |
| Within1year | 830,239,625.35 |
| 1to2years | 1,445,123,746.26 |
| 2-3years | 143,356,114.57 |
| 3-4years | 6,173,200.66 |
| Aging | Endingbalance |
| 4-5years | 5,293,746.88 |
| Over5years | 190,382,614.62 |
| Subtotal | 2,620,569,048.34 |
| Less:baddebtprovision | 672,930,517.09 |
| Total | 1,947,638,531.25 |
(5)BadDebtProvisionforOtherReceivablesTheamountofbaddebtprovisionforReportingPeriodwasRMB26,531,092.63,decreasingRMB64,531.01whichwasmainlyduetoexchangeratechanges
(6)Top5OtherReceivablesinEndingBalanceCollectedaccordingtotheArrearsPartyThetotalamountoftopfiveofaccountotherreceivablesofendingbalancecollectedbyarrearspartywasRMB1,020,353,281.63,accountingfor38.94%oftotalclosingbalanceofotherreceivables,therelevantendingbalanceofbaddebtprovisionwithdrawnwasRMB199,693,940.01.
(7)TherewerenootherreceivablesderecognizedduetotransferoffinancialassetsduringtheReportingPeriod.
(8)Therewerenoassetsandliabilitiesformedbytransferringotherreceivablesandcontinuingtobeinvolvedinthisperiod.
8.Inventories
(1)CategoryofInventory
| Item | Endingbalance | ||
| Carryingamount | Inventoryfallingpricereserves/impairmentprovisionofcontractperformancecosts | Carryingvalue | |
| Rawmaterials | 1,808,248,192.19 | 20,090,802.48 | 1,788,157,389.71 |
| Semi-finishedproduct | 194,322,474.09 | 13,226,031.20 | 181,096,442.89 |
| Inventorygoods | 3,352,411,906.73 | 209,137,182.49 | 3,143,274,724.24 |
| Contractperformancecosts | 46,732,650.07 | 46,732,650.07 | |
| Total | 5,401,715,223.08 | 242,454,016.17 | 5,159,261,206.91 |
(Continued)
| Item | Beginningbalance | ||
| Carryingamount | Inventoryfallingpricereserves/impairmentprovisionofcontractperformancecosts | Carryingvalue | |
| Rawmaterials | 1,246,721,423.97 | 28,137,287.12 | 1,218,584,136.85 |
| Semi-finishedproduct | 158,870,091.24 | 12,636,819.92 | 146,233,271.32 |
| Inventorygoods | 3,389,343,445.93 | 249,362,200.01 | 3,139,981,245.92 |
| Item | Beginningbalance | ||
| Carryingamount | Inventoryfallingpricereserves/impairmentprovisionofcontractperformancecosts | Carryingvalue | |
| Contractperformancecosts | 16,502,023.32 | 16,502,023.32 | |
| Total | 4,811,436,984.46 | 290,136,307.05 | 4,521,300,677.41 |
(2)Inventoryfallingpricereservesandimpairmentprovisionofcontractperformancecosts
| Item | Beginningbalance | Increased | Decreased | Endingbalance | |
| Withdrawal | Write-off | Decreasebylosingcontrollingright/otherreasons | |||
| Rawmaterials | 28,137,287.12 | -4,614,719.70 | 3,431,764.94 | 20,090,802.48 | |
| Semi-finishedproduct | 12,636,819.92 | 589,211.28 | 13,226,031.20 | ||
| Inventorygoods | 249,362,200.01 | 14,598,745.33 | 54,823,762.85 | 209,137,182.49 | |
| Total | 290,136,307.05 | 10,573,236.91 | 58,255,527.79 | 242,454,016.17 | |
（3）WithdrawalProvisionBasisoftheFallingPriceoftheInventoryandtheReasonsoftheReversedorWrite-off.
| Item | Specificbasisofwithdrawaloffallingpricereservesofinventory | Reasonsforwrite-off |
| Rawmaterials | Therealizablenetvaluewaslowerthanthecarryingvalue | Soldordisposedinthecurrentperiod |
| Semi-finishedproduct | Therealizablenetvaluewaslowerthanthecarryingvalue | Soldordisposedinthecurrentperiod |
| Inventorygoods | Therealizablenetvaluewaslowerthanthecarryingvalue | Soldinthecurrentperiod |
9.Contractualassets
(1)Detailsofcontractualassets
| Item | Endingbalance | ||
| Carryingamount | Impairmentprovision | Carryingvalue | |
| Accountsreceivablefromsettledbutconditionalpaymentprojects | 3,382,989,961.11 | 198,514,062.13 | 3,184,475,898.98 |
| Unsettledadvertisingpayments | 95,474,154.11 | 1,947,672.75 | 93,526,481.36 |
| Total | 3,478,464,115.22 | 200,461,734.88 | 3,278,002,380.34 |
(Continued)
| Item | Beginningbalance | ||
| Carryingamount | Impairmentprovision | Carryingvalue | |
| Accountsreceivablefromsettledbutconditionalpaymentprojects | 3,002,127,112.18 | 180,488,971.89 | 2,821,638,140.29 |
| Unsettledadvertisingpayments | 49,375,837.18 | 1,007,267.08 | 48,368,570.10 |
| Total | 3,051,502,949.36 | 181,496,238.97 | 2,870,006,710.39 |
(2)Amountandreasonofsignificantchangeinthebookvalueofthecontractualassetsinthecurrentyear
| Item | Amountchanged | CausesoftheChange |
| Accountsreceivablefromsettledbutconditionalpaymentprojects | 362,837,758.69 | Newengineeringprojects |
| Total | 362,837,758.69 |
(3)Makingforimpairmentprovisionofcontractualassetsinthecurrentyear
| Item | Provisionmadeinthecurrentyear | Amounttransferredbackinthecurrentyear | Write-off/Verificationinthecurrentyear | Reasons |
| Accountsreceivablefromsettledbutconditionalpaymentprojects | 18,025,090.24 | Theexpectedcreditlossisgreaterthanthebookvalueofthecurrentcontractassetimpairmentprovision | ||
| Unsettledadvertisingpayments | 940,405.67 | Theexpectedcreditlossisgreaterthanthebookvalueofthecurrentcontractassetimpairmentprovision | ||
| Total | 18,965,495.91 |
10.CurrentPortionofNon-currentAssets
| Item | Endingbalance | Beginningbalance | Nature |
| Currentportionofdebtinvestment | 40,000,000.00 | 75,000,000.00 | Entrustedloansforassociatedenterprises |
| Currentportionoflong-termreceivable | 29,003,761.31 | 37,310,158.82 | Financeleasingamount |
| Total | 69,003,761.31 | 112,310,158.82 |
(1)Significantdebtinvestment/otherdebtinvestmentattheyearend
| Debtinvestmentin | Endingbalance | |||
| Parvalue | Couponrate | Actualrate | ExpiryDate | |
| YibinOCTSanjiangRealestateCo.Ltd. | 40,000,000.00 | 5.70% | 5.70% | 2021-10-24 |
| Debtinvestmentin | Endingbalance | |||
| Parvalue | Couponrate | Actualrate | ExpiryDate | |
| Total | 40,000,000.00 | |||
(Continued)
| Debtinvestmentin | Beginningbalance | |||
| Parvalue | Couponrate | Actualrate | ExpiryDate | |
| YibinOCTSanjiangRealestateCo.Ltd. | 35,000,000.00 | 5.70% | 5.70% | 2021/4/24 |
| YibinOCTSanjiangRealestateCo.Ltd. | 40,000,000.00 | 5.70% | 5.70% | 2021/10/24 |
| Total | 75,000,000.00 | |||
11.OtherCurrentAssets
| Item | Endingbalance | Beginningbalance |
| Prepaymentsanddeductibletaxes,andrefundoftaxforexportreceivable | 1,003,270,717.12 | 926,643,711.18 |
| Principalofentrustedloanstojointventures | 1,098,703,380.39 | 826,684,400.00 |
| Temporarydifferenceofinputtax | 119,716,769.30 | 148,183,307.23 |
| Others | 24,210,085.20 | 11,635,064.98 |
| Total | 2,245,900,952.01 | 1,913,146,483.39 |
12.Long-termReceivables
(1)ListofLong-termReceivables
| Item | Endingbalance | ||
| Carryingamount | Baddebtprovision | Carryingvalue | |
| Financeleasingamount | 27,613,130.76 | 27,613,130.76 | |
| Ofwhich:unrealizedfinancingincome | 1,169,368.74 | 1,169,368.74 | |
| Cashdepositsoflong-termreceivables | 41,090,400.00 | 41,090,400.00 | |
| Long-termreceivablesofprojectswithfranchisetights | 350,937,230.14 | 350,937,230.14 | |
| Less:Currentportionoflong-termreceivableSeeNoteVI.10fordetails) | 29,003,761.31 | 29,003,761.31 | |
| Total | 390,636,999.59 | 390,636,999.59 | |
(Continued)
| Item | Beginningbalance | ||
| Carryingamount | Baddebtprovision | Carryingvalue | |
| Financeleasingamount | 44,609,921.40 | 44,609,921.40 | |
| Ofwhich:unrealizedfinancingincome | 2,526,836.56 | 2,526,836.56 | |
| Cashdepositsoflong-termreceivables | 41,090,400.00 | 41,090,400.00 | |
| Item | Beginningbalance | ||
| Carryingamount | Baddebtprovision | Carryingvalue | |
| Long-termreceivablesofprojectswithfranchisetights | 351,107,041.45 | 351,107,041.45 | |
| Less:Currentportionoflong-termreceivableSeeNoteVI.10fordetails) | 37,310,158.82 | 37,310,158.82 | |
| Total | 399,497,204.03 | 399,497,204.03 | |
(2)ListofProjectswithFranchiseRights
| Item | Type | Projectscale | Franchiserights | Dateofcontract | Operation |
| PPPProjectofwatersupplyandsewageRushanSilverBeach | PPP | 452,802,100.00 | Rightofchargeforsewagedisposal | July2016 | Partialtrialoperation |
(3)ChangesinLong-termReceivablesofProjectswithFranchiseRights
| Item | Initialinvestedamount | Beginningbalance | Decreased | Endingbalance | |
| Principalrecover | Otherdecrease | ||||
| PPPProjectofwatersupplyandsewageRushanSilverBeach | 351,107,041.45 | 351,107,041.45 | 169,811.31 | 350,937,230.14 | |
| Total | 351,107,041.45 | 351,107,041.45 | 169,811.31 | 350,937,230.14 | |
13.Long-termEquityInvestment
| Investee | Beginningbalance | ChangeintheCurrentPeriod | ||||
| Newinvestment | Investmentreduced | Costmethodtoequitymethod | Gain/lossrecognizedatequitymethod | Adjustmenttoothercomprehensiveincome | ||
| KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | 2,250,590.00 | 571,291.00 | ||||
| NanjingZhihuiguangInformationTechnologyResearchInstituteCo.,Ltd. | 1,573,831.23 | 60,003.31 | ||||
| FeideTechnology(Shenzhen)Co.,Ltd. | 10,671,986.45 | -318,372.70 | ||||
| ShenzhenKangyueIndustrialCo.,Ltd. | 33,146,954.42 | -446,727.83 | ||||
| FoshanPearlRiverMediaCreativeParkCulturalDevelopmentCo.,Ltd. | 4,900,000.00 | -308,496.41 | ||||
| ShenzhenKonkaCross-BorderTechnologicalInnovationServiceCo.,Ltd. | 19,020.00 | -632.96 | ||||
| ChengduKonkaIncubatorManagementCo.,Ltd. | 254,670.00 | -74,359.99 | ||||
| DongguanKonkaSmartElectronicTechnologyCo.,Ltd. | 16,172,903.60 | -929,500.60 | ||||
| PuchuangJiakangTechnologyCo.,Ltd. | 1,399,457.69 | 898,750.07 | ||||
| GuoguangRuilian(Shenzhen)NetworkTechnologyCo.,Ltd. | ||||||
| KhorgosYilingfangInformationTechnologyCo.,Ltd. | 1,795.48 | -1,795.48 | ||||
| ChongqingQingjiaElectronicCo.,Ltd. | 18,801,653.84 | -219,255.91 | ||||
| ShenzhenJielunteTechnologyCo.,Ltd. | 89,187,905.40 | 1,975,628.71 | ||||
| Investee | Beginningbalance | ChangeintheCurrentPeriod | ||||
| Newinvestment | Investmentreduced | Costmethodtoequitymethod | Gain/lossrecognizedatequitymethod | Adjustmenttoothercomprehensiveincome | ||
| PanxuIntelligenceCo.,Ltd. | 50,704,696.31 | 391,349.14 | ||||
| BeijingKonkaJingyuanTechnologyCo.,Ltd. | 766,290.97 | |||||
| DongfangJiahui(Zhuhai)AssetManagementCo.,Ltd. | 3,027,971.50 | -307,974.19 | ||||
| OrientKonkano.1(zhuhai)privateequityinvestmentfund(limitedpartnership) | 336,170,619.84 | 43,828,800.00 | 34,171,344.83 | -10,322,239.82 | ||
| TongxiangWuzhenKunyuEquityInvestmentCo.,Ltd. | 3,500,000.00 | |||||
| ShenzhenXiaoruiTechnologyCo.,Ltd. | 53,107,714.82 | -1,135,930.87 | ||||
| WeihaiWaterEnvironmentalProtectionTechnologyCo.,Ltd. | 2,526,483.15 | -1,518.43 | ||||
| WeihaiYihengEnvironmentalTechnologyCo.,Ltd. | 4,812,630.25 | 30,224.08 | ||||
| HuoqiuKangrunKaitianWaterEnvironmentalProtectionCo.,Ltd. | 52,434,987.50 | 12,435,012.50 | 7,497,000.00 | |||
| HuarunEnvironmentalProtectionWaterTreatmentCo.,Ltd. | 17,316,442.28 | 391,778.04 | ||||
| BinzhouBeihaiWeiqiaoSolidWasteTreatmentCo.,Ltd. | 182,666,028.25 | 17,371,700.00 | ||||
| ShandongBishuiyuanEnvironmentalTechnologyCo.,Ltd. | 26,390,437.98 | 102,188.81 | ||||
| YunnanHongkangSolidWasteDisposalUtilizationCo.,Ltd. | 2,809,775.13 | -110,373.99 | ||||
| Investee | Beginningbalance | ChangeintheCurrentPeriod | ||||
| Newinvestment | Investmentreduced | Costmethodtoequitymethod | Gain/lossrecognizedatequitymethod | Adjustmenttoothercomprehensiveincome | ||
| ShandongKonkaZhijiaElectricalAppliancesCo.,Ltd. | 2,148,063.47 | -1,245,650.56 | ||||
| HenanKonkaZhijiaElectricalAppliancesCo.,Ltd. | 1,059,137.34 | 130,459.63 | ||||
| AnhuiKaikaishijieE-commerceCo.,Ltd. | 419,065,032.33 | |||||
| WanjunTechnology(Kunshan)Co.,Ltd. | 175,204,642.85 | -2,046,465.83 | ||||
| KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 269,673,264.00 | 32,849,354.55 | ||||
| ChutianlongCo.,Ltd. | 650,206,807.02 | 4,824,758.43 | ||||
| HeilongjiangLongkangZhijiaTechnologyCo.,Ltd. | 1,060,725.79 | -3,709.66 | ||||
| KonkaGreen,KonkaTechnology | 75,261,304.56 | 75,261,304.56 | ||||
| ShaanxiSiluYunqiSmartTechnologyCo.,Ltd. | 17,649,295.81 | -1,596,222.64 | ||||
| ShenzhenKonkaInformationNetworkCo.,Ltd. | ||||||
| ShenzhenZhongbingKonkaTechnologyCo.,Ltd. | 2,214,307.33 | -2,214,307.33 | ||||
| ShenzhenKonkaSmartElectricalApplianceTechnologyCo.,Ltd. | 3,973,386.95 | -1,441,954.44 | ||||
| ShenzhenBoshengNewMaterialCo.,Ltd. | 58,400,000.00 | -2,064,227.96 | ||||
| ShenzhenYaodeTechnologyCo.,Ltd. | 219,357,772.76 | -4,569,192.27 | ||||
| Investee | Beginningbalance | ChangeintheCurrentPeriod | ||||
| Newinvestment | Investmentreduced | Costmethodtoequitymethod | Gain/lossrecognizedatequitymethod | Adjustmenttoothercomprehensiveincome | ||
| WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 304,654,243.69 | 13,222,348.47 | ||||
| ShenzhenKonkaYishijieCommercialDisplayCo.,Ltd. | 81,955,858.27 | |||||
| ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 49,658,397.02 | -1,172,317.71 | ||||
| ChuzhouKangjinHealthcareIndustryDevelopmentCo.,Ltd. | 118,122,798.37 | -6,410,036.65 | ||||
| HaimenKangjianTechnologyIndustrialParkOperationandManagementCo.,Ltd. | 120,729,335.67 | -3,070,358.71 | ||||
| ChuzhouKangxinHealthcareIndustryDevelopmentCo.,Ltd. | 187,180,000.00 | -1,310,518.75 | ||||
| DongguanKonkaInvestmentCo.,Ltd. | 563,500,000.00 | -12,122,313.26 | ||||
| ChongqingKonkaRealEstateDevelopmentCo.,Ltd. | 49,500,000.00 | -7,987,220.86 | ||||
| ChongqingChengdaRealEstateCo.,Ltd. | 29,205,000.00 | -303,372.41 | ||||
| Yilifang(Hainan)TechnologyCo.,Ltd. | 58,715,678.97 | 3,310,556.06 | ||||
| ShenzhenMorsemiTechnologyCo.,Ltd. | 2,723,686.36 | -217,343.28 | ||||
| ChongqingLiangshanEnterpriseManagementCo.,Ltd. | 50,000.00 | |||||
| ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 6,000,000.00 | -1,063,135.76 | ||||
| ShenzhenKangeneTechnologyInnovation | 900,000.00 | 808.91 | ||||
| Investee | Beginningbalance | ChangeintheCurrentPeriod | ||||
| Newinvestment | Investmentreduced | Costmethodtoequitymethod | Gain/lossrecognizedatequitymethod | Adjustmenttoothercomprehensiveincome | ||
| DevelopmentCo.,Ltd. | ||||||
| DalianXinguanTechnologyCo.,Ltd. | 50,000,000.00 | -1,411,462.01 | ||||
| YantaiKangyunIndustryDevelopmentCo.,Ltd. | 68,185,019.88 | -78,596.04 | ||||
| ChongqingKangyiqingTechnologyCo.,Ltd. | 1,000,000.00 | |||||
| SichuanAimijiakangTechnologyCo.,Ltd. | 2,000,000.00 | |||||
| GuangdongKangyuanSemiconductorCo.,Ltd. | 3,214,600.00 | 213,202.98 | ||||
| Total | 4,375,833,584.65 | 119,428,412.50 | 109,432,649.39 | 68,185,019.88 | 19,335,816.88 | |
(Continued)
| Investee | ChangeintheCurrentPeriod | Endingbalance | Closingbalanceofimpairmentprovision | |||
| Otherequitychanges | Cashdividendorprofitdistributiondeclared | Impairmentallowance | Others | |||
| KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | 2,821,881.00 | |||||
| NanjingZhihuiguangInformationTechnologyResearchInstituteCo.,Ltd. | 1,633,834.54 | |||||
| FeideTechnology(Shenzhen)Co.,Ltd. | 10,353,613.75 | |||||
| ShenzhenKangyueIndustrialCo.,Ltd. | 32,700,226.59 | |||||
| FoshanPearlRiverMediaCreativeParkCulturalDevelopmentCo.,Ltd. | 4,591,503.59 | |||||
| Investee | ChangeintheCurrentPeriod | Endingbalance | Closingbalanceofimpairmentprovision | |||
| Otherequitychanges | Cashdividendorprofitdistributiondeclared | Impairmentallowance | Others | |||
| ShenzhenKonkaCross-BorderTechnologicalInnovationServiceCo.,Ltd. | 18,387.04 | |||||
| ChengduKonkaIncubatorManagementCo.,Ltd. | 180,310.01 | |||||
| DongguanKonkaSmartElectronicTechnologyCo.,Ltd. | 15,243,403.00 | |||||
| PuchuangJiakangTechnologyCo.,Ltd. | 826,052.90 | 1,472,154.86 | ||||
| GuoguangRuilian(Shenzhen)NetworkTechnologyCo.,Ltd. | 51,964.09 | |||||
| KhorgosYilingfangInformationTechnologyCo.,Ltd. | ||||||
| ChongqingQingjiaElectronicCo.,Ltd. | 18,582,397.93 | |||||
| ShenzhenJielunteTechnologyCo.,Ltd. | 91,163,534.11 | |||||
| PanxuIntelligenceCo.,Ltd. | 51,096,045.45 | |||||
| BeijingKonkaJingyuanTechnologyCo.,Ltd. | 766,290.97 | |||||
| DongfangJiahui(Zhuhai)AssetManagementCo.,Ltd. | 2,719,997.31 | |||||
| OrientKonkano.1(zhuhai)privateequityinvestmentfund(limitedpartnership) | 335,505,835.19 | |||||
| TongxiangWuzhenKunyuEquityInvestmentCo.,Ltd. | 3,500,000.00 | |||||
| ShenzhenXiaoruiTechnologyCo.,Ltd. | 51,971,783.95 | 33,684,243.40 | ||||
| WeihaiWaterEnvironmentalProtectionTechnologyCo.,Ltd. | 2,524,964.72 | |||||
| WeihaiYihengEnvironmentalTechnology | 4,842,854.33 | |||||
| Investee | ChangeintheCurrentPeriod | Endingbalance | Closingbalanceofimpairmentprovision | |||
| Otherequitychanges | Cashdividendorprofitdistributiondeclared | Impairmentallowance | Others | |||
| Co.,Ltd. | ||||||
| HuoqiuKangrunKaitianWaterEnvironmentalProtectionCo.,Ltd. | 72,367,000.00 | |||||
| HuarunEnvironmentalProtectionWaterTreatmentCo.,Ltd. | 17,708,220.32 | |||||
| BinzhouBeihaiWeiqiaoSolidWasteTreatmentCo.,Ltd. | 200,037,728.25 | |||||
| ShandongBishuiyuanEnvironmentalTechnologyCo.,Ltd. | 26,492,626.79 | |||||
| YunnanHongkangSolidWasteDisposalUtilizationCo.,Ltd. | 2,699,401.14 | |||||
| ShandongKonkaZhijiaElectricalAppliancesCo.,Ltd. | 902,412.91 | |||||
| HenanKonkaZhijiaElectricalAppliancesCo.,Ltd. | 1,189,596.97 | |||||
| AnhuiKaikaishijieE-commerceCo.,Ltd. | 419,065,032.33 | |||||
| WanjunTechnology(Kunshan)Co.,Ltd. | 173,158,177.02 | |||||
| KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 302,522,618.55 | |||||
| ChutianlongCo.,Ltd. | 6,720,000.00 | 648,311,565.45 | ||||
| HeilongjiangLongkangZhijiaTechnologyCo.,Ltd. | 1,057,016.13 | 2,470,398.03 | ||||
| KonkaGreen,KonkaTechnology | ||||||
| ShaanxiSiluYunqiSmartTechnologyCo.,Ltd. | 16,053,073.17 | |||||
| Investee | ChangeintheCurrentPeriod | Endingbalance | Closingbalanceofimpairmentprovision | |||
| Otherequitychanges | Cashdividendorprofitdistributiondeclared | Impairmentallowance | Others | |||
| ShenzhenKonkaInformationNetworkCo.,Ltd. | 12,660,222.73 | |||||
| ShenzhenZhongbingKonkaTechnologyCo.,Ltd. | ||||||
| ShenzhenKonkaSmartElectricalApplianceTechnologyCo.,Ltd. | 2,531,432.51 | |||||
| ShenzhenBoshengNewMaterialCo.,Ltd. | 56,335,772.04 | 18,536,771.07 | ||||
| ShenzhenYaodeTechnologyCo.,Ltd. | 214,788,580.49 | |||||
| WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 317,876,592.16 | |||||
| ShenzhenKonkaYishijieCommercialDisplayCo.,Ltd. | 81,955,858.27 | |||||
| ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 48,486,079.31 | |||||
| ChuzhouKangjinHealthcareIndustryDevelopmentCo.,Ltd. | 111,712,761.72 | |||||
| HaimenKangjianTechnologyIndustrialParkOperationandManagementCo.,Ltd. | 117,658,976.96 | |||||
| ChuzhouKangxinHealthcareIndustryDevelopmentCo.,Ltd. | 185,869,481.25 | |||||
| DongguanKonkaInvestmentCo.,Ltd. | 551,377,686.74 | |||||
| ChongqingKonkaRealEstateDevelopmentCo.,Ltd. | 41,512,779.14 | |||||
| ChongqingChengdaRealEstateCo.,Ltd. | 28,901,627.59 | |||||
| Yilifang(Hainan)TechnologyCo.,Ltd. | 62,026,235.03 | |||||
| Investee | ChangeintheCurrentPeriod | Endingbalance | Closingbalanceofimpairmentprovision | |||
| Otherequitychanges | Cashdividendorprofitdistributiondeclared | Impairmentallowance | Others | |||
| ShenzhenMorsemiTechnologyCo.,Ltd. | 2,506,343.08 | |||||
| ChongqingLiangshanEnterpriseManagementCo.,Ltd. | 50,000.00 | |||||
| ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 4,936,864.24 | |||||
| ShenzhenKangeneTechnologyInnovationDevelopmentCo.,Ltd. | 900,808.91 | |||||
| DalianXinguanTechnologyCo.,Ltd. | 48,588,537.99 | |||||
| YantaiKangyunIndustryDevelopmentCo.,Ltd. | 68,106,423.84 | |||||
| ChongqingKangyiqingTechnologyCo.,Ltd. | 1,000,000.00 | |||||
| SichuanAimijiakangTechnologyCo.,Ltd. | 2,000,000.00 | |||||
| GuangdongKangyuanSemiconductorCo.,Ltd. | 3,427,802.98 | |||||
| Total | 7,546,052.90 | 4,465,804,131.62 | 67,403,599.32 | |||
14.OtherEquityInstrumentInvestment
(1)Investmentinnon-tradingequityinstruments
| Item | Endingbalance | Beginningbalance |
| ShenzhenTianyilianScience&TechnologyCo.,Ltd. | ||
| ShenzhenAdoptNetworkCo.,Ltd. | ||
| AVO | 5,901,121.80 | 5,901,121.80 |
| ShaoyangHaishangEcologicalAgriculturalTechnologyCo.,Ltd. | 1,501,956.00 | 1,501,956.00 |
| 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 | 25,343,293.16 | 25,343,293.16 |
(2)Non-transactionalEquityInstrumentInvestment
| Item | Dividendincomerecognizedinthecurrentperiod | Accumulativegain | Accumulativeloss | Amountofretainedearningstransferredfromothercomprehensiveincome | Reasonforbeingdesignatedtobemeasuredatfairvalueofwhichrecordedinothercomprehensiveincome | Reasonforretainedearningstransferredfromothercomprehensiveincome |
| ShenzhenTianyilianScience&TechnologyCo.,Ltd. | 4,800,000.00 | Long-termholdingbasedonstrategicpurpose | ||||
| ShenzhenAdoptNetworkCo.,Ltd. | 5,750,000.00 | Long-termholdingbasedonstrategicpurpose | ||||
| AVO | 98,878.20 | Long-termholdingbasedonstrategicpurpose | ||||
| ShaoyangHaishangEcologicalAgriculturalTechnologyCo.,Ltd. | 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 | ||||
| ShenzhenDigitalTVNationalEngineeringLaboratoryCo.,Ltd. | 1,273,594.84 | Long-termholdingbasedonstrategicpurpose | ||||
| ShanghaiNationalEngineeringResearchCenterofDigitalTVCo.,Ltd. | Long-termholdingbasedonstrategicpurpose | |||||
| BohuUHD | Long-termholdingbasedon |
| Item | Dividendincomerecognizedinthecurrentperiod | Accumulativegain | Accumulativeloss | Amountofretainedearningstransferredfromothercomprehensiveincome | Reasonforbeingdesignatedtobemeasuredatfairvalueofwhichrecordedinothercomprehensiveincome | Reasonforretainedearningstransferredfromothercomprehensiveincome |
| strategicpurpose | ||||||
| Total | 17,146,663.84 |
15.OtherNon-currentFinancialAssets
| Item | Endingbalance | Beginningbalance |
| ChinaAssetManagement-JiayiOverseasDesignatedPlan | 203,000,000.00 | 203,000,000.00 |
| HunanWanrongTechnologyCo.,Ltd. | 47,230,000.00 | |
| YibinOCTSanjiangPropertyCo.,Ltd. | 200,000,000.00 | 200,000,000.00 |
| YiliEcologicalRestorationCo.,Ltd. | 90,000,000.00 | 90,000,000.00 |
| KunshanXinjiaEmergingIndustryEquityInvestmentFundPartnership(LimitedPartnership) | 43,805,874.28 | 13,028,268.90 |
| ShenzhenKanghongDongshengInvestmentPartnership(LimitedPartnership) | 33,559,302.86 | 17,754,800.00 |
| TongxiangWuzhenJiayuDigitalEconomyIndustryEquityInvestmentPartnership(LimitedPartnership) | 120,000,000.00 | 40,000,000.00 |
| YibinKanghuiElectronicInformationIndustryEquityInvestmentPartnership(LimitedPartnership) | 4,000,000.00 | 4,000,000.00 |
| ChuzhouJiachenInformationTechnologyConsultingServicePartnership(LimitedPartnership) | 49,200,000.00 | 49,200,000.00 |
| YanchengKangyanInformationIndustryInvestmentPartnership(LimitedPartnership) | 81,167,900.00 | 1,050,000.00 |
| ChongqingKangxinEquityInvestmentFundLimitedPartnership(LimitedPartnership) | 5,000,000.00 | |
| Subtotalofequityinvestments | 829,733,077.14 | 665,263,068.90 |
| ChuzhouHuikeSmartHouseholdAppliancesIndustryInvestmentPartnership(LimitedPartnership) | 1,019,230,815.89 | 1,049,891,727.86 |
| NingboYuanqingNo.9InvestmentPartnership | 134,671,492.89 | 98,000,000.00 |
| ShenzhenBeihuTechnologyPartnership(LimitedPartnership) | 58,000,000.00 | 65,000,000.00 |
| Subtotalofdebtinvestments | 1,211,902,308.78 | 1,212,891,727.86 |
| Total | 2,041,635,385.92 | 1,878,154,796.76 |
16.InvestmentProperty
(1)Investmentpropertiesmeasuredatcost
| Item | Plant&buildingsandlanduseright |
| I.Originalcarryingvalue | |
| 1.Beginningbalance | 600,562,678.71 |
| 2.Increaseintheperiod | 46,308,273.16 |
| (1)Outsourcing | |
| (2)Fixedassets\Constructioninprogress\Transferofintangibleassets | 46,308,273.16 |
| 3.Decreaseintheperiod | 60,197,571.56 |
| (1)Disposal | |
| (2)Othertransferout | 60,197,571.56 |
| 4.Endingbalance | 586,673,380.31 |
| II.Theaccumulativedepreciationandaccumulativeamortization | |
| 1.Beginningbalance | 61,977,010.42 |
| 2.Increaseintheperiod | 7,097,224.27 |
| Item | Plant&buildingsandlanduseright |
| (1)Provisionoramortization | 7,097,224.27 |
| 3.Decreaseintheperiod | |
| (1)Disposal | |
| (2)Othertransferout | |
| 4.Endingbalance | 69,074,234.69 |
| III.Depreciationreserves | |
| 1.Beginningbalance | |
| 2.Increaseintheperiod | |
| (1)Withdrawal | |
| 3.Decreaseintheperiod | |
| (1)Disposal | |
| 4.Endingbalance | |
| IV.Carryingvalue | |
| 1.Endingcarryingvalue | 517,599,145.62 |
| 2.Beginningcarryingvalue | 538,585,668.29 |
Note:TheincreaseofinvestmentrealestateinthecurrentperiodismainlyduetotheKonkaYibinIndustrialParkandKonkaYantaiIndustrialPark.
(2)InvestmentpropertiesmeasuredatfairvalueTherewerenoinvestmentpropertiesmeasuredatfairvalueoftheCompany.
(3)Investmentpropertiesintheprocessoftitlecertificatehandling
| Item | Carryingvalue | Reason |
| KonkaYibinIndustrialPark | 144,589,955.57 | Incorporationandunderprocessing |
| KonkaYantaiIndustrialPark | 38,753,062.88 | Incorporationandunderprocessing |
| Total | 183,343,018.45 |
17.Fixedassets
| Item | Endingcarryingvalue | Beginningcarryingvalue |
| FixedAssets | 3,355,378,019.70 | 3,178,642,017.84 |
| Fixedassetspendingfordisposal | ||
| Total | 3,355,378,019.70 | 3,178,642,017.84 |
(1)ListofFixedAssets
| Item | Housesandbuildings | Mechanicalequipment | Electronicequipment | Transportationequipment | Otherequipment | Total |
| I.Originalcarryingvalue | ||||||
| 1.Beginningbalance | 1,885,131,717.55 | 2,691,194,912.55 | 206,926,929.73 | 64,942,921.83 | 298,050,533.07 | 5,146,247,014.73 |
| 2.Increasedamountoftheperiod | 241,729,370.77 | 176,521,453.22 | 9,374,827.99 | 3,240,495.06 | 16,111,111.36 | 446,977,258.40 |
| (1)Purchase | 3,750,493.22 | 20,712,938.66 | 9,374,827.99 | 3,240,495.06 | 14,807,369.41 | 51,886,124.34 |
| (2)Transferofconstructioninprogress | 237,978,877.55 | 155,808,514.56 | 1,303,741.95 | 395,091,134.06 | ||
| (3)Transferofinvestmentproperty | ||||||
| 3.Decreasedamountoftheperiod | 47,484,848.64 | 169,743,139.85 | 1,401,154.46 | 3,590,532.85 | 2,339,699.51 | 224,559,375.31 |
| (1)DisposalorScrap | 2,203,045.83 | 6,046,941.58 | 1,401,154.46 | 3,590,532.85 | 2,339,699.51 | 15,581,374.23 |
| (2)Decreaseforlossofcontrollingright | ||||||
| (3)Transfertoinvestmentproperty | 45,281,802.81 | 45,281,802.81 | ||||
| (4)Decreaseforotherreasons | 163,696,198.27 | 163,696,198.27 | ||||
| 4.Endingbalance | 2,079,376,239.68 | 2,697,973,225.92 | 214,900,603.26 | 64,592,884.04 | 311,821,944.92 | 5,368,664,897.82 |
| II.Accumulativedepreciation | ||||||
| 1.Beginningbalance | 501,722,343.90 | 1,044,306,408.80 | 148,018,198.44 | 43,570,055.60 | 160,664,350.97 | 1,898,281,357.71 |
| 2.Increasedamountoftheperiod | 36,658,487.94 | 108,910,156.14 | 10,794,355.24 | 4,122,025.48 | 15,348,947.22 | 175,833,972.02 |
| (1)Withdrawal | 36,658,487.94 | 108,910,156.14 | 10,794,355.24 | 4,122,025.48 | 15,348,947.22 | 175,833,972.02 |
| Item | Housesandbuildings | Mechanicalequipment | Electronicequipment | Transportationequipment | Otherequipment | Total |
| (2)Transferofinvestmentproperty | ||||||
| 3.Decreasedamountoftheperiod | 1,169,586.01 | 123,765,723.85 | 1,324,043.18 | 2,777,160.80 | 1,107,152.26 | 130,143,666.10 |
| (1)DisposalorScrap | 1,151,989.06 | 3,287,743.04 | 1,324,043.18 | 2,777,160.80 | 1,107,152.26 | 9,648,088.34 |
| (2)Decreaseforlossofcontrollingright | ||||||
| (3)Transfertoinvestmentproperty | 17,596.95 | 17,596.95 | ||||
| (4)Decreaseforotherreasons | 120,477,980.81 | 120,477,980.81 | ||||
| 4.Endingbalance | 537,211,245.83 | 1,029,450,841.09 | 157,488,510.50 | 44,914,920.28 | 174,906,145.93 | 1,943,971,663.63 |
| III.Depreciationreserves | ||||||
| 1.Beginningbalance | 1,247,805.91 | 64,440,684.26 | 1,221,230.02 | 820,215.24 | 1,593,703.75 | 69,323,639.18 |
| 2.Increasedamountoftheperiod | ||||||
| (1)Withdrawal | ||||||
| 3.Decreasedamountoftheperiod | 7,764.50 | 660.19 | 8,424.69 | |||
| (1)DisposalorScrap | 7,764.50 | 660.19 | 8,424.69 | |||
| 4.Endingbalance | 1,247,805.91 | 64,440,684.26 | 1,213,465.52 | 820,215.24 | 1,593,043.56 | 69,315,214.49 |
| IV.Carryingvalue | ||||||
| 1.Endingcarryingvalue | 1,540,917,187.94 | 1,604,081,700.57 | 56,198,627.24 | 18,857,748.52 | 135,322,755.43 | 3,355,378,019.70 |
| 2.Beginningcarryingvalue | 1,382,161,567.74 | 1,582,447,819.49 | 57,687,501.27 | 20,552,650.99 | 135,792,478.35 | 3,178,642,017.84 |
(2)ListofTemporarilyIdleFixedAssets
| Item | Originalcarryingvalue | Accumulativedepreciation | Impairmentprovision | Carryingvalue |
| Mechanicalequipment | 15,727,901.88 | 4,847,429.03 | 1,933,845.35 | 8,946,627.50 |
| Electronicequipment | 1,959,751.03 | 1,574,316.87 | 385,434.16 | |
| Transportationequipment | 918,103.44 | 399,375.00 | 518,728.44 | |
| Otherequipment | 1,795,007.22 | 1,593,299.03 | 26,675.22 | 175,032.97 |
| Total | 20,400,763.57 | 8,414,419.93 | 1,960,520.57 | 10,025,823.07 |
(3)FixedAssetsLeasedoutfromOperationLease
| Item | Endingcarryingvalue |
| Mechanicalequipment | 16,856,106.31 |
| Transportationvehiclesandelectronicequipment | 147,827.32 |
| Total | 17,003,933.63 |
(4)DetailsofFixedAssetsFailedtoAccomplishCertificationofProperty
| Item | Originalcarryingvalue | Accumulativedepreciation | Impairmentprovision | Netcarryingvalue | Reason |
| KonkaYibinIndustrialPark | 78,686,299.55 | 742,842.69 | 77,943,456.86 | Newconstructionwithpendingcertificate | |
| YikangBuildingproperty | 76,610,752.33 | 37,766,687.72 | 38,844,064.61 | Historicalreasons | |
| JingyuanBuildingproperty | 20,018,497.00 | 9,770,559.01 | 10,247,937.99 | Historicalreasons | |
| 26-1Longzhimeng,PangjiangStreetPropertyinDadongDistrict,Shenyang | 6,072,572.34 | 1,097,627.05 | 4,974,945.29 | Underprocessing | |
| PurificationtankforliquidwasteofXingDaHongYe | 2,653,000.00 | 1,542,056.25 | 1,110,943.75 | Underprocessing | |
| Total | 184,041,121.22 | 50,919,772.72 | 133,121,348.50 |
(5)FixedAssetswithRestrictedOwnershiporUseRight
| Item | Endingcarryingvalue | Reasons |
| HousingandbuildingsofAnhuiTongchuang | 152,555,215.06 | Mortgageborrowings |
| MachineryequipmentofJiangxiKonka | 125,466,230.01 | Financeleasemortgage |
| MachineryequipmentofXinfengMicrocrystalline | 125,505,890.56 | Financeleasemortgage |
| HousingandbuildingsofFrestecRefrigeration | 92,281,884.82 | Financeleasemortgage |
| BuildingsofKonkaGroup | 71,008,186.14 | Mortgageborrowings |
| HousingandbuildingsofXingDaHongYe | 39,196,058.38 | Mortgageborrowings |
| MachineryequipmentofXingdaHongye | 22,632,718.61 | Financeleasemortgage |
| MachineryequipmentofBoluoKonkaPrecision | 11,917,835.51 | Financeleasemortgage |
| FactoriesofBoluoKonka | 1,292,009.75 | Mortgageborrowings |
| BuildingsofJiangxiKonka | 3,470,635.83 | Ascollateralforformershareholder’sguarantee |
| SmartmachineryequipmentandotherequipmentofJiangsuKonka | 42,136,390.95 | Mortgageborrowings |
| Total | 687,463,055.62 |
18.ConstructioninProgress
| Item | Endingbalance | Beginningbalance |
| ConstructioninProgress | 10,099,450,528.06 | 9,236,643,931.68 |
| Total | 10,099,450,528.06 | 9,236,643,931.68 |
18.1Constructioninprogress
(1)ListofConstructioninProgress
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
| ComprehensiveimprovementengineeringprojectofdrainagebasinsinthecityofDonggang | 992,181,212.43 | 992,181,212.43 | 878,298,840.85 | 878,298,840.85 | ||
| CentralCityComprehensiveacceleratedprogramsinEconomicandTechnologicalDevelopmentZoneofBinhai,Weifang | 1,053,704,078.58 | 1,053,704,078.58 | 854,403,424.70 | 854,403,424.70 | ||
| SewagetreatmentandwaterenvironmentprojectinAnkangCounty | 737,489,434.58 | 737,489,434.58 | 736,291,181.05 | 736,291,181.05 | ||
| PPPProjectofLushanShaheEcologicalRehabilitationandImprovement(PhaseI) | 717,639,485.24 | 717,639,485.24 | 712,003,094.27 | 712,003,094.27 | ||
| PPPProjectofFunanSewageTreatment | 742,364,507.22 | 742,364,507.22 | 698,546,462.73 | 698,546,462.73 | ||
| ComprehensivewaterenvironmentimprovementprojectinMengchengCounty,AnhuiProvince | 703,684,828.74 | 703,684,828.74 | 693,071,428.99 | 693,071,428.99 | ||
| WatersupplyengineeringprojectinMazongshanTown,SubeiMongolAutonomousCounty,GansuProvince | 715,921,467.23 | 715,921,467.23 | 651,327,229.42 | 651,327,229.42 | ||
| IntegratedPPPProjectofHuangpiSewageTreatment | 582,540,387.79 | 582,540,387.79 | 566,856,746.38 | 566,856,746.38 | ||
| AnkangSmartPlant | 384,553,302.39 | 384,553,302.39 | 549,848,298.86 | 549,848,298.86 | ||
| ThesecondlineofJiangxiNanoCrystallizedGlass | 330,813,294.31 | 330,813,294.31 | 317,578,212.72 | 317,578,212.72 | ||
| DayiProject | 448,416,794.95 | 448,416,794.95 | 315,363,263.81 | 315,363,263.81 | ||
| PhaseIofecologicalrestorationandprotectionofDanheRiverBasininGaopingCity | 352,496,648.43 | 352,496,648.43 | 294,709,246.41 | 294,709,246.41 | ||
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
| WaterenvironmentimprovementprojectindowntownChongzhou | 267,527,695.92 | 267,527,695.92 | 265,143,141.30 | 265,143,141.30 | ||
| TongchuanProject | 198,130,237.44 | 198,130,237.44 | 188,185,801.03 | 188,185,801.03 | ||
| ThesecondsewageplantofLaizhou | 204,264,290.24 | 204,264,290.24 | 185,205,457.46 | 185,205,457.46 | ||
| ConstructionofSuiningElectronicIndustrialParkWorkshops | 225,609,993.83 | 225,609,993.83 | 170,314,313.43 | 170,314,313.43 | ||
| FranchiseprojectofdisposalofkitchenwasteinGaoling,Xi'an | 215,967,649.86 | 215,967,649.86 | 159,947,876.21 | 159,947,876.21 | ||
| WatersupplyandwaterresourcesdevelopmentprojectinChangning | 45,443,426.54 | 45,443,426.54 | 129,766,743.81 | 129,766,743.81 | ||
| R&DequipmentconstructionprojectofChongqingOptoelectronicResearchInstitute | 170,072,455.78 | 170,072,455.78 | 129,657,635.39 | 129,657,635.39 | ||
| PhaseIIofRuralResidentialEnvironmentImprovementandReconstructionProject(domesticsewagetreatment)inQinhanNewTown | 140,329,311.33 | 140,329,311.33 | 122,764,816.91 | 122,764,816.91 | ||
| InfrastructureProjectofChongqingKonkaSemiconductorOptoelectronicsResearchInstitute(PartIandPartII) | 95,823,834.96 | 95,823,834.96 | 63,294,064.44 | 63,294,064.44 | ||
| Otherprojects | 774,476,190.27 | 774,476,190.27 | 554,066,651.51 | 554,066,651.51 | ||
| Total | 10,099,450,528.06 | 10,099,450,528.06 | 9,236,643,931.68 | 9,236,643,931.68 | ||
(2)ChangesofSignificantConstructioninProgress
| Nameofitem | Beginningbalance | Increased | Decreased | Endingbalance |
| Transferredtolong-termassets | Otherdecrease | ||||
| ComprehensiveimprovementengineeringprojectofdrainagebasinsinthecityofDonggang | 878,298,840.85 | 113,882,371.58 | 992,181,212.43 | ||
| CentralCityComprehensiveacceleratedprogramsinEconomicandTechnologicalDevelopmentZoneofBinhai,Weifang | 854,403,424.70 | 199,300,653.88 | 1,053,704,078.58 | ||
| SewagetreatmentandwaterenvironmentprojectinAnkangCounty | 736,291,181.05 | 1,198,253.53 | 737,489,434.58 | ||
| PPPProjectofLushanShaheEcologicalRehabilitationandImprovement(PhaseI) | 712,003,094.27 | 5,636,390.97 | 717,639,485.24 | ||
| PPPProjectofFunanSewageTreatment | 698,546,462.73 | 43,818,044.49 | 742,364,507.22 | ||
| ComprehensivewaterenvironmentimprovementprojectinMengchengCounty,AnhuiProvince | 693,071,428.99 | 10,613,399.75 | 703,684,828.74 | ||
| WatersupplyengineeringprojectinMazongshanTown,SubeiMongolAutonomousCounty,GansuProvince | 651,327,229.42 | 64,594,237.81 | 715,921,467.23 | ||
| IntegratedPPPProjectofHuangpiSewageTreatment | 566,856,746.38 | 15,683,641.41 | 582,540,387.79 | ||
| AnkangSmartPlant | 549,848,298.86 | 31,599,406.73 | 196,894,403.20 | 384,553,302.39 | |
| ThesecondlineofJiangxiNanoCrystallizedGlass | 317,578,212.72 | 13,235,081.59 | 330,813,294.31 | ||
| DayiProject | 315,363,263.81 | 133,053,531.14 | 448,416,794.95 | ||
| PhaseIofecologicalrestorationandprotectionofDanheRiverBasininGaopingCity | 294,709,246.41 | 57,787,402.02 | 352,496,648.43 | ||
| WaterenvironmentimprovementprojectindowntownChongzhou | 265,143,141.30 | 2,384,554.62 | 267,527,695.92 | ||
| TongchuanProject | 188,185,801.03 | 9,944,436.41 | 198,130,237.44 | ||
| ThesecondsewageplantofLaizhou | 185,205,457.46 | 19,058,832.78 | 204,264,290.24 |
| Nameofitem | Beginningbalance | Increased | Decreased | Endingbalance | |
| Transferredtolong-termassets | Otherdecrease | ||||
| ConstructionofSuiningElectronicIndustrialParkWorkshops | 170,314,313.43 | 55,295,680.40 | 225,609,993.83 | ||
| FranchiseprojectofdisposalofkitchenwasteinGaoling,Xi'an | 159,947,876.21 | 56,019,773.65 | 215,967,649.86 | ||
| WatersupplyandwaterresourcesdevelopmentprojectinChangning | 129,766,743.81 | 2,840,412.98 | 87,163,730.25 | 45,443,426.54 | |
| R&DequipmentconstructionprojectofChongqingOptoelectronicResearchInstitute | 129,657,635.39 | 40,414,820.39 | 170,072,455.78 | ||
| PhaseIIofRuralResidentialEnvironmentImprovementandReconstructionProject(domesticsewagetreatment)inQinhanNewTown | 122,764,816.91 | 17,564,494.42 | 140,329,311.33 | ||
| InfrastructureProjectofChongqingKonkaSemiconductorOptoelectronicsResearchInstitute(PartIandPartII) | 63,294,064.44 | 32,529,770.52 | 95,823,834.96 | ||
| Otherprojects | 554,066,651.51 | 270,809,514.32 | 50,399,975.56 | 774,476,190.27 | |
| Total | 9,236,643,931.68 | 1,197,264,705.39 | 334,458,109.01 | 10,099,450,528.06 | |
(Continued)
| Nameofitem | Estimatednumber(RMB100million) | Proportionestimatedoftheprojectaccumulativeinput(%) | EngineeringSchedule(%) | Accumulativeamountofcapitalizedinterests | Ofwhich:theamountofthecapitalizedinterestsoftheperiod | Capitalizationrateoftheinterestsoftheperiod(%) | Capitalresources |
| ComprehensiveimprovementengineeringprojectofdrainagebasinsinthecityofDonggang | 12.99 | 76.38 | 76.38 | 87,331,493.01 | 17,873,302.21 | 4.90 | Self-ownedfundandbankfinancing |
| Nameofitem | Estimatednumber(RMB100million) | Proportionestimatedoftheprojectaccumulativeinput(%) | EngineeringSchedule(%) | Accumulativeamountofcapitalizedinterests | Ofwhich:theamountofthecapitalizedinterestsoftheperiod | Capitalizationrateoftheinterestsoftheperiod(%) | Capitalresources |
| CentralCityComprehensiveacceleratedprogramsinEconomicandTechnologicalDevelopmentZoneofBinhai,Weifang | 16.50 | 63.86 | 63.86 | 38,509,281.25 | 16,433,639.59 | 4.95 | Self-ownedfundandbankfinancing |
| SewagetreatmentandwaterenvironmentprojectinAnkangCounty | 22.41 | 32.91 | 32.91 | Self-ownedfund | |||
| PPPProjectofLushanShaheEcologicalRehabilitationandImprovement(PhaseI) | 12.68 | 56.61 | 56.61 | 2,015,000.00 | 2,015,000.00 | 4.65 | Self-ownedfundandbankfinancing |
| PPPProjectofFunanSewageTreatment | 9.72 | 76.35 | 76.35 | 36,934,940.97 | 11,073,562.50 | 4.80 | Self-ownedfundandbankfinancing |
| ComprehensivewaterenvironmentimprovementprojectinMengchengCounty,AnhuiProvince | 15.93 | 44.16 | 44.16 | 2,757,333.33 | 2,757,333.33 | 4.70 | Self-ownedfundandbankfinancing |
| WatersupplyengineeringprojectinMazongshanTown,SubeiMongolAutonomousCounty,GansuProvince | 9.70 | 73.80 | 73.80 | 38,777,592.79 | 18,148,861.54 | 5.24 | Self-ownedfundandbankfinancing |
| IntegratedPPPProjectofHuangpiSewageTreatment | 7.38 | 78.89 | 78.89 | 24,202,231.56 | 9,770,644.06 | 4.34 | Self-ownedfundandbankfinancing |
| AnkangSmartPlant | 9.56 | 60.82 | 60.82 | 5,944,374.97 | 5,944,374.97 | 4.85 | Self-ownedfundandbankfinancing |
| ThesecondlineofJiangxiNanoCrystallizedGlass | 3.92 | 84.36 | 84.36 | 11,751,563.31 | 5,676,528.03 | 4.90 | Self-ownedfundandbankfinancing |
| Nameofitem | Estimatednumber(RMB100million) | Proportionestimatedoftheprojectaccumulativeinput(%) | EngineeringSchedule(%) | Accumulativeamountofcapitalizedinterests | Ofwhich:theamountofthecapitalizedinterestsoftheperiod | Capitalizationrateoftheinterestsoftheperiod(%) | Capitalresources |
| DayiProject | 8.93 | 50.23 | 50.23 | Self-ownedfund | |||
| PhaseIofecologicalrestorationandprotectionofDanheRiverBasininGaopingCity | 8.82 | 39.95 | 39.95 | Self-ownedfund | |||
| WaterenvironmentimprovementprojectindowntownChongzhou | 3.93 | 68.07 | 68.07 | Self-ownedfund | |||
| TongchuanProject | 2.56 | 77.29 | 77.29 | 9,181,614.95 | 3,893,221.38 | 5.07 | Self-ownedfundandbankfinancing |
| ThesecondsewageplantofLaizhou | 6.90 | 29.98 | 29.98 | Self-ownedfund | |||
| ConstructionofSuiningElectronicIndustrialParkWorkshops | 2.46 | 91.82 | 91.82 | 3,696,036.17 | 3,696,036.17 | 4.45 | Self-ownedfundandbankfinancing |
| FranchiseprojectofdisposalofkitchenwasteinGaoling,Xi'an | 5.57 | 38.76 | 38.76 | Self-ownedfund | |||
| WatersupplyandwaterresourcesdevelopmentprojectinChangning | 7.08 | 77.23 | 77.23 | Self-ownedfund | |||
| R&DequipmentconstructionprojectofChongqingOptoelectronicResearchInstitute | 7.99 | 21.29 | 21.29 | Self-ownedfund | |||
| PhaseIIofRuralResidentialEnvironmentImprovementandReconstructionProject(domesticsewagetreatment)inQinhanNewTown | 5.32 | 26.54 | 26.54 | 1,382,180.32 | 63,583.18 | 7.90 | Self-ownedfundandprojectfinancing |
| Nameofitem | Estimatednumber(RMB100million) | Proportionestimatedoftheprojectaccumulativeinput(%) | EngineeringSchedule(%) | Accumulativeamountofcapitalizedinterests | Ofwhich:theamountofthecapitalizedinterestsoftheperiod | Capitalizationrateoftheinterestsoftheperiod(%) | Capitalresources |
| InfrastructureProjectofChongqingKonkaSemiconductorOptoelectronicsResearchInstitute(PartIandPartII) | 4.86 | 19.73 | 19.73 | Self-ownedfund | |||
| Otherprojects | 71,479,797.02 | Self-ownedfundandfinancelease | |||||
| Total | 333,963,439.65 | 97,346,086.96 |
19.Right-of-UseAssets
| Item | Housesandbuildings | Equipment | Total |
| I.Originalcarryingvalue | |||
| 1.Beginningbalance | 103,006,581.18 | 832,266.36 | 103,838,847.54 |
| 2.Increasedamountoftheperiod | 10,321,403.56 | 10,321,403.56 | |
| (1)Increasedleases | 10,321,403.56 | 10,321,403.56 | |
| 3.Decreasedamountoftheperiod | 41,026.46 | 41,026.46 | |
| (1)Other | 41,026.46 | 41,026.46 | |
| 4.Endingbalance | 113,286,958.28 | 832,266.36 | 114,119,224.64 |
| II.Accumulateddepreciation | |||
| 1.Beginningbalance | |||
| 2.Increasedamountoftheperiod | 22,114,939.47 | 282,262.14 | 22,397,201.61 |
| (1)Withdrawal | 22,114,939.47 | 282,262.14 | 22,397,201.61 |
| Item | Housesandbuildings | Equipment | Total |
| 3.Decreasedamountoftheperiod | |||
| (1)Disposal | |||
| 4.Endingbalance | 22,114,939.47 | 282,262.14 | 22,397,201.61 |
| III.Depreciationreserves | |||
| 1.Beginningbalance | |||
| 2.Increasedamountoftheperiod | |||
| 3.Decreasedamountoftheperiod | |||
| 4.Endingbalance | |||
| IV.Carryingvalue | |||
| 1.Endingcarryingvalue | 91,172,018.81 | 550,004.22 | 91,722,023.03 |
| 2.Beginningcarryingvalue | 103,006,581.18 | 832,266.36 | 103,838,847.54 |
20.IntangibleAssets
(1)Listofintangibleassets
| Item | Landuseright | Intellectualproperty | Total | ||||
| Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
| I.Originalcarryingvalue | |||||||
| 1.Beginningbalance | 1,046,826,764.13 | 75,487,617.43 | 102,532,417.78 | 106,571,344.10 | 118,345,808.42 | 402,937,187.73 | 1,449,763,951.86 |
| 2.Increasedamountoftheperiod | 53,170,488.73 | 5,496,855.24 | 5,496,855.24 | 58,667,343.97 | |||
| (1)Purchase | 35,677,288.49 | 3,811,038.58 | 3,811,038.58 | 39,488,327.07 | |||
| Item | Landuseright | Intellectualproperty | Total | ||||
| Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
| (2)Transferofconstructioninprogress | 17,493,200.24 | 1,685,816.66 | 1,685,816.66 | 19,179,016.90 | |||
| (3)InternalR&D | |||||||
| (4)Transferfrominvestmentproperty | |||||||
| 3.Decreasedamountoftheperiod | 39,701,907.35 | 39,701,907.35 | |||||
| (1)Disposal | |||||||
| (2)Decreaseforlossofcontrollingright | 28,704,000.00 | 28,704,000.00 | |||||
| (3)Decreaseintransfer-inofinvestmentrealestate | 10,997,907.35 | 10,997,907.35 | |||||
| 4.Endingbalance | 1,060,295,345.51 | 75,487,617.43 | 102,532,417.78 | 106,571,344.10 | 123,842,663.66 | 408,434,042.97 | 1,468,729,388.48 |
| II.Accumulatedamortization | - | - | |||||
| 1.Beginningbalance | 98,643,099.35 | 5,272,452.95 | 82,831,515.87 | 15,547,087.50 | 55,377,712.07 | 159,028,768.39 | 257,671,867.74 |
| 2.Increasedamountoftheperiod | 15,375,782.10 | 277.78 | 13,151,025.27 | 2,221,012.50 | 7,958,889.76 | 23,331,205.31 | 38,706,987.41 |
| (1)Withdrawal | 15,375,782.10 | 277.78 | 13,151,025.27 | 2,221,012.50 | 7,958,889.76 | 23,331,205.31 | 38,706,987.41 |
| (2)Otherincreases | |||||||
| 3.Decreasedamountoftheperiod | 542,341.98 | 542,341.98 | |||||
| Item | Landuseright | Intellectualproperty | Total | ||||
| Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
| (1)Disposal | |||||||
| (2)Decreaseforlossofcontrollingright | |||||||
| (3)Decreaseintransfer-inofinvestmentrealestate | 542,341.98 | 542,341.98 | |||||
| 4.Endingbalance | 113,476,539.47 | 5,272,730.73 | 95,982,541.14 | 17,768,100.00 | 63,336,601.83 | 182,359,973.70 | 295,836,513.17 |
| III.Depreciationreserves | |||||||
| 1.Beginningbalance | 2,901,082.61 | 2,901,082.61 | 2,901,082.61 | ||||
| 2.Increasedamountoftheperiod | |||||||
| (1)Withdrawal | |||||||
| (2)Increaseforbusinesscombination | |||||||
| 3.Decreasedamountoftheperiod | |||||||
| (1)Disposal | |||||||
| (2)Decreaseforlossofcontrollingright | |||||||
| 4.Endingbalance | 2,901,082.61 | 2,901,082.61 | 2,901,082.61 | ||||
| IV.Carryingvalue | |||||||
| 1.Endingcarryingvalue | 946,818,806.04 | 70,214,886.70 | 3,648,794.03 | 88,803,244.10 | 60,506,061.83 | 223,172,986.66 | 1,169,991,792.70 |
| Item | Landuseright | Intellectualproperty | Total | ||||
| Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
| 2.Beginningcarryingvalue | 948,183,664.78 | 70,215,164.48 | 16,799,819.30 | 91,024,256.60 | 62,968,096.35 | 241,007,336.73 | 1,189,191,001.51 |
(2)LandUseRightwithCertificateofTitleUncompleted
| Item | Carryingvalue | Reason |
| LandusagerightofthesubsidiaryJiangxiHighTransparentSubstrate | 5,181,396.68 | Underprocessing |
| Total | 5,181,396.68 |
(3)SignificantIntangibleAssets
| Item | Endingcarryingvalue | Remainingamortizationperiod(year) |
| LandusagerightofFenggangKonkaIntelligentIndustrialPark | 196,005,772.67 | 48.17 |
| FrestecZhijialanduseright | 95,059,550.03 | 49.25 |
| FranchiserightsofsewagetreatmentinLaizhou | 93,282,525.01 | 21.00 |
| LandusagerightofChongqingKonka | 61,154,286.34 | 48.17 |
| LandusagerightofFrestec | 68,713,717.81 | 35.25 |
| LandusagerightofHuanjia(Henan) | 65,215,488.08 | 48.00 |
| LandusagerightofAnhuiKonka2#land | 55,369,010.66 | 47.42 |
| LandusagerightofLiaoyangKangshun | 35,200,836.96 | 49.67 |
| LandusagerightofAnhuiKonka3#land | 19,011,338.67 | 47.33 |
| Total | 689,012,526.23 |
(5)IntangibleAssetswithrestrictedownershiporusingright
| Item | Endingcarryingvalue | Reasons |
| LandusagerightofFrestec | 68,713,717.81 | Financeleasemortgage |
| LandusagerightofAnhuiKonka2#land | 55,369,010.66 | Ascollateralforloan |
| LanduserightofAnhuiTongchuang | 18,676,491.11 | Ascollateralforloan |
| LandusagerightofXingDaHongYe | 14,283,458.30 | Ascollateralforloan |
| Yikangtechnologypatentsandknow-how | 9,000,000.00 | Financeleasemortgage |
| LandusagerightofJiangxiKonka | 10,390,478.17 | Originalshareholderguaranteemortgage |
| LanduserightofKangjiainYibin | 4,678,863.20 | Ascollateralforloan |
| LanduserightofKonkaGuangming | 5,220,441.48 | Ascollateralforloan |
| LanduserightofJiangsuKonkaSmart | 14,924,162.24 | Ascollateralforloan |
| LanduserightofDongguanKonka | 196,005,772.67 | Ascollateralforloan |
| Total | 397,262,395.64 |
21.Developmentexpenditures
| Item | Beginningbalance | Increased | Decreased | Endingbalance |
| Expenditureofinternaldevelopment | Amountrecognizedasintangibleassets | Transferredintocurrentprofitorloss | |||
| PerformanceimprovementprojectofMini&MicroLED | 57,745.03 | 57,745.03 | |||
| Total | 57,745.03 | 57,745.03 |
22.Goodwill
(1)OriginalCarryingValueofGoodwill
| Nameoftheinvestees | Beginningbalance | Increased | Decreased | Endingbalance | ||
| Formedfrombusinesscombination | Others | Dispose | Others | |||
| EconTechnology | 467,825,151.34 | 467,825,151.34 | ||||
| JiangxiKonka | 340,111,933.01 | 340,111,933.01 | ||||
| XingDaHongYe | 44,156,682.25 | 44,156,682.25 | ||||
| Total | 852,093,766.60 | 852,093,766.60 | ||||
(2)ProvisionsforGoodwillImpairment
| Nameoftheinvestees | Beginningbalance | Increased | Decreased | Endingbalance | ||
| Withdrawal | Others | Dispose | Others | |||
| EconTechnology | ||||||
| JiangxiKonka | 154,337,946.29 | 154,337,946.29 | ||||
| XingDaHongYe | 21,959,947.14 | 21,959,947.14 | ||||
| Total | 176,297,893.43 | 176,297,893.43 | ||||
(3)RelevantinformationontheassetgrouporcombinationofassetgroupswheregoodwillislocatedTheassetgrouporcombinationofassetgroupsinwhichthegoodwillislocatedisthecompositionofallmainbusinessoperatingtangibleassetsandidentifiableintangibleassets(excludingworkingcapitalandnon-operatingassets)reflectedinthebalancesheetofthecorrespondingsubsidiaryandrelatedtogoodwillAssetgroup.Asof30June2021,therewerenospecificsignsofimpairmentduringthereportingperiod,andnoprovisionforimpairmentwasrequired.
23.Long-termDeferredExpenses
| Item | Beginningbalance | Increased | Amortizationamount | Otherdecreasedamount | Endingbalance |
| Renovation | 92,922,237.45 | 90,568,588.76 | 19,262,238.30 | 794,221.31 | 163,434,366.60 |
| Item | Beginningbalance | Increased | Amortizationamount | Otherdecreasedamount | Endingbalance |
| costs | |||||
| Shoppeexpense | 24,678,629.46 | 5,827,040.99 | 9,806,693.49 | 31,092.74 | 20,667,884.22 |
| Others | 35,597,695.91 | 8,160,094.22 | 14,914,382.96 | 28,843,407.17 | |
| Total | 153,198,562.82 | 104,555,723.97 | 43,983,314.75 | 825,314.05 | 212,945,657.99 |
24.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
(1)DeferredIncomeTaxAssetswithoutOffset
| Item | Endingbalance | Beginningbalance | ||
| Deductibletemporarydifference | Deferredincometaxliabilitiesassets | Deductibletemporarydifference | Deferredincometaxliabilitiesassets | |
| Deductiblelosses | 4,384,823,983.52 | 945,470,014.66 | 3,454,342,497.93 | 765,781,935.91 |
| Assetsimpairmentprovision | 1,672,761,604.43 | 357,408,076.44 | 1,672,345,584.63 | 355,173,623.87 |
| DeferredIncome | 52,695,094.43 | 12,741,367.26 | 302,984,312.52 | 75,408,820.37 |
| Accruedexpenses | 133,171,310.14 | 25,777,071.72 | 206,844,865.32 | 40,844,897.61 |
| Unrealizedinternalsalesprofits | 30,988,823.87 | 7,747,208.22 | 37,257,399.14 | 9,068,649.87 |
| Others | 88,802,295.75 | 19,113,367.24 | 90,902,865.84 | 19,638,509.76 |
| Total | 6,363,243,112.14 | 1,368,257,105.54 | 5,764,677,525.38 | 1,265,916,437.39 |
(2)ListsofDeferredIncomeTaxLiabilitieswithoutOffset
| Item | Endingbalance | Beginningbalance | ||
| Taxabletemporarydifference | DeferredincometaxliabilitiesLiability | Taxabletemporarydifference | DeferredincometaxliabilitiesLiability | |
| Estimatedaddedvalueofassetsnotunderthesamecontrol | 278,070,394.09 | 52,902,937.13 | 303,689,567.68 | 57,097,842.23 |
| Prepaidinterest | 56,730,324.55 | 13,878,051.00 | 48,578,683.63 | 11,840,140.77 |
| Accelerateddepreciationoffixedassets | 5,796,848.51 | 1,298,287.13 | 4,443,598.64 | 959,974.66 |
| Others | 14,293,237.28 | 2,124,097.19 | 27,585,930.42 | 5,921,274.27 |
| Total | 354,890,804.43 | 70,203,372.45 | 384,297,780.37 | 75,819,231.93 |
(3)ListofUnrecognizedDeferredIncomeTaxAssets
| Item | Endingbalance | Beginningbalance |
| Deductiblelosses | 1,688,694,412.44 | 1,526,406,964.50 |
| Deductibletemporarydifference | 790,183,337.45 | 766,691,485.59 |
| Total | 2,478,877,749.89 | 2,293,098,450.09 |
25.OtherNon-currentAssets
| Item | Endingbalance | ||
| Carryingamount | Impairmentprovision | Carryingvalue | |
| Prepaymentforland-purchase | 1,180,082,994.42 | 1,180,082,994.42 | |
| Prepaidamountforengineering,equipmentandotherlong-termassets | 31,451,170.53 | 31,451,170.53 | |
| Entrustedloans | 11,225,866.61 | 11,225,866.61 | |
| Constructionofgovernmentprojects | 23,463,565.16 | 23,463,565.16 | |
| Total | 1,246,223,596.72 | 1,246,223,596.72 | |
(Continued)
| Item | Beginningbalance | ||
| Carryingamount | Impairmentprovision | Carryingvalue | |
| Prepaymentforland-purchase | 1,538,728,032.15 | 1,538,728,032.15 | |
| Prepaidamountforengineering,equipmentandotherlong-termassets | 247,719,684.59 | 247,719,684.59 | |
| Entrustedloans | 10,867,888.84 | 10,867,888.84 | |
| Constructionofgovernmentprojects | 23,463,565.16 | 23,463,565.16 | |
| Total | 1,820,779,170.74 | 1,820,779,170.74 | |
26.Short-termBorrowings
| Item | Endingbalance | Beginningbalance | Description |
| Unsecuredborrowings | 8,111,519,817.09 | 7,164,301,258.30 | |
| Borrowingssecuredbyguarantee | 1,799,773,111.57 | 2,038,705,892.75 | ①②③④ |
| Borrowingssecuredbycollateral | 749,035,591.34 | 1,787,543,324.73 | ⑤⑥⑦⑧⑨⑩?? |
| Total | 10,660,328,520.00 | 10,990,550,475.78 |
Notes:a)TheCompanyprovidesjointandseveralliabilityguaranteeforitssubsidiariesAnhuiKonka,AnhuiTongchuang,PengrunTechnology,NingboKanghanruiElectricAppliance,HongKongKonka,SichuanKonka,EconTechnology,JiangxiKonka,JiangxiHigh-permeabilitySubstrateandXinfengMicrocrystallineJadeintermsoftheshort-termborrowingstotalingRMB1,230,200,628.56.b)TheCompanyhasobtainedshort-termborrowingstotalingRMB500,000,000.00fromChinaEverbrightBankCo.,Ltd.ChegongmiaoSub-branch,forwhichShenzhenKonkaElectronicTechnologyCo.,Ltd.(asubsidiaryoftheCompany)providesjointandseveralliabilityguaranteeatthemaximumamount.c)KonkaChuangtou(asubsidiaryoftheCompany)hasobtainedshort-termborrowingstotalingRMB7,250,000.00fromtheBankofHangzhouCo.,Ltd.ShenzhenKejiSub-branch,forwhichShenzhenSMEFinancingGuaranteeCo.,Ltd.andShenzhenHigh-techInvestmentand
FinancingGuaranteeCo.,Ltd.bothprovideguarantee.d)EconTechnology(asubsidiaryoftheCompany)hasobtainedshort-termborrowingstotalingRMB62,322,483.01fromtheIndustrialBankCo.,Ltd.YantaiDevelopmentZoneSub-branch,forwhichtheCompanyprovidesjointandseveralliabilityguaranteeatthemaximumamount.e)TheCompanyhasobtainedshort-termborrowingstotalingRMB347,135,000.00fromShenzhenBranch,ChinaZheshangBankCo.,Ltd.,withtheCompany'sbankdepositsamountingtoRMB47,140,000.00aspledge.f)TheCompanyhasobtainedshort-termborrowingstotalingUSD6,552,788.00(equivalenttoRMB42,331,665.76)fromtheAgriculturalBankofChinaCo.,Ltd.HaqiaochengSub-branch,withacertificateoftimedepositamountingtoUSD6,548,221.08aspledge.g)AnhuiKonka(asubsidiaryoftheCompany)hasobtainedshort-termborrowingstotalingRMB150,000,000.00fromChuzhouBranch,BankofChinaLimited,withalanduserightworthRMB55,369,010.66(bookvalue)andtheconstructioninprogressworthRMB317,974,560.85aspledge,forwhichtheCompanyprovidesjointandseveralliabilityguarantee.h)AnhuiTongchang(asubsidiaryoftheCompany)hasobtainedshort-termborrowingstotalingRMB78,000,000.00fromHefeiBranch,ChinaZheshangBankCo.,Ltd.,withabuildingworthRMB152,555,215.06(bookvalue)andalanduserightworthRMB18,676,491.11aspledge.i)BokangPrecisionElectronics(asubsidiaryoftheCompany)hasobtainedshort-termborrowingstotalingRMB5,000,000.00fromGuangdongBoluoRuralCommercialBankCo.,Ltd.TangquanSub-branch,withabuildingofBoluoKonkaworthRMB1,292,009.75(bookvalue)aspledge.j)JiangsuKangjiaIntelligentElectricAppliance(asubsidiaryoftheCompany)hasobtainedshort-termborrowingstotalingRMB30,000,000.00fromChinaZheshangBankCo.,Ltd.ChangzhouWujinSub-branch,withabuildingworthRMB42,136,390.95(bookvalue)andalanduserightworthRMB14,924,162.24aspledge.k)ShanghaiKonka(asubsidiaryoftheCompany)hasobtainedshort-termborrowingstotaling1,568,925.58fromYantaiRuralCommercialBankCo.,Ltd.,withaninvestmentpropertyworth10,882,570.03inYantaiKonkaMega-HealthIndustrialParkaspledge.l)XingdaHongye(asubsidiaryoftheCompany)hasobtainedshort-termborrowingstotaling95,000,000.00fromZhongshanRuralCommercialBankCo.,Ltd.,withacertificateoftimedepositamountingtoRMB19,800,000.00(bookvalue),abuildingworthRMB39,196,058.38andalanduserightworthRMB14,283,458.30aspledge,forwhichHuZehongprovidesjointandseveralliabilityguarantee.
27.NotesPayable
| Category | Endingbalance | Beginningbalance |
| Bank’sacceptancebill | 932,200,721.04 | 1,159,251,569.31 |
| Commercialacceptancebill | 151,826,838.52 | 176,735,456.90 |
| Total | 1,084,027,559.56 | 1,335,987,026.21 |
28.AccountsPayable
(1)ListofAccountsPayable
| Item | Endingbalance | Beginningbalance |
| Within1year | 8,606,110,762.20 | 8,134,924,659.58 |
| 1to2years | 1,054,960,597.01 | 1,279,766,515.39 |
| 2to3years | 60,512,729.21 | 87,184,184.40 |
| Over3years | 120,970,653.90 | 130,490,966.39 |
| Total | 9,842,554,742.32 | 9,632,366,325.76 |
(2)SignificantAccountsPayableAgingoverOneYear
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| HunanFifthEngineeringCo.Ltd | 589,525,468.50 | Notmeetthesettlementconditions |
| ChinaRailwayNo.4EngineeringGroupCo.,Ltd. | 243,280,667.40 | Notmeetthesettlementconditions |
| ChongqingJiulongKuiguanBuildingMaterialsCo.,Ltd. | 112,851,020.43 | Notmeetthesettlementconditions |
| HenanYaofengIndustrialCo.,Ltd. | 98,891,330.28 | Notmeetthesettlementconditions |
| RushanWaterGroupCo.,Ltd. | 96,558,100.00 | Notmeetthesettlementconditions |
| Total | 1,141,106,586.61 | — |
29.Contractualliabilities
(1)DetailsofContractualliabilities
| Item | Endingbalance | Beginningbalance |
| Salesadvancesreceived | 809,414,528.15 | 1,217,367,735.94 |
| Total | 809,414,528.15 | 1,217,367,735.94 |
(2)Thereisnosignificantchangeincarryingvalueofcontractualliabilitiesinthecurrentperiod
30.PayrollPayable
(1)ListofPayrollPayable
| Item | Beginningbalance | Increased | Decreased | Endingbalance |
| ListofShort-termSalary | 473,200,796.84 | 715,153,156.86 | 958,964,772.15 | 229,389,181.55 |
| Post-employmentbenefit-definedcontributionplans | 2,283,275.82 | 62,184,560.57 | 63,705,222.00 | 762,614.39 |
| Terminationbenefits | 1,132,171.79 | 5,409,163.52 | 5,507,213.52 | 1,034,121.79 |
| Currentportionofotherbenefits | ||||
| Total | 476,616,244.45 | 782,746,880.95 | 1,028,177,207.67 | 231,185,917.73 |
(2)ListofShort-termSalary
| Item | Beginningbalance | Increased | Decreased | Endingbalance |
| Salary,bonus,allowance,subsidy | 458,065,525.46 | 623,838,432.88 | 871,495,866.00 | 210,408,092.34 |
| Welfareforemployees | 1,003,285.92 | 29,776,459.67 | 25,772,705.01 | 5,007,040.58 |
| Socialsecurityexpense | 4,887,689.95 | 29,784,783.14 | 30,132,787.04 | 4,539,686.05 |
| Ofwhich:Medicalinsurancepremiums | 1,257,574.78 | 26,053,428.59 | 26,598,717.72 | 712,285.65 |
| Work-relatedinjuryinsurance | 87,286.29 | 1,253,811.80 | 1,283,122.70 | 57,975.39 |
| Maternityinsurance | 3,542,828.88 | 2,477,542.75 | 2,250,946.62 | 3,769,425.01 |
| Housingfund | 1,494,931.38 | 19,778,390.39 | 20,936,346.94 | 336,974.83 |
| Item | Beginningbalance | Increased | Decreased | Endingbalance |
| Laborunionbudgetandemployeeeducationbudget | 7,283,186.41 | 5,600,920.29 | 3,786,718.95 | 9,097,387.75 |
| Short-termabsencewithpayment | ||||
| Short-termprofitsharingplan | ||||
| Others | 466,177.72 | 6,374,170.49 | 6,840,348.21 | |
| Total | 473,200,796.84 | 715,153,156.86 | 958,964,772.15 | 229,389,181.55 |
(3)ListofDefinedContributionPlan
| Item | Beginningbalance | Increased | Decreased | Endingbalance |
| Basicpensionbenefits | 2,188,388.21 | 60,611,800.66 | 62,119,767.22 | 680,421.65 |
| Unemploymentinsurance | 94,887.61 | 1,548,151.91 | 1,560,846.78 | 82,192.74 |
| Annuity | 24,608.00 | 24,608.00 | ||
| Total | 2,283,275.82 | 62,184,560.57 | 63,705,222.00 | 762,614.39 |
31.TaxesPayable
| Item | Endingbalance | Beginningbalance |
| Corporateincometax | 197,432,879.87 | 264,749,734.19 |
| VAT | 97,813,733.02 | 186,891,111.62 |
| Fundfordisposingabandonedappliancesandelectronicproducts | 17,712,383.00 | 19,157,745.00 |
| Urbanmaintenanceandconstructiontax | 1,186,363.33 | 10,206,690.62 |
| EducationfeesandlocaleducationSurcharge | 940,271.07 | 7,361,219.22 |
| Stampduty | 4,046,396.15 | 6,041,179.34 |
| Landusetax | 8,091,073.30 | 5,095,730.68 |
| Individualincometax | 5,600,555.35 | 3,023,518.75 |
| Propertytax | 3,103,108.53 | 2,209,076.63 |
| Tariff | 1,922,353.13 | 2,008,914.61 |
| Others | 1,197,527.24 | 1,469,138.50 |
| Total | 339,046,643.99 | 508,214,059.16 |
32.Otherpayables
| Item | Endingbalance | Beginningbalance |
| Interestpayable | 214,023,683.45 | 220,837,380.17 |
| OtherPayables | 1,432,727,668.74 | 1,770,718,506.93 |
| Total | 1,646,751,352.19 | 1,991,555,887.10 |
32.1.Interestspayable
(1)Classification
| Item | Endingbalance | Beginningbalance |
| Item | Endingbalance | Beginningbalance |
| Interestoncorporatebonds | 124,958,666.67 | 180,268,944.49 |
| Interestonlong-termborrowingswithinterestpaidbyinstallmentandprincipalpaidatmaturity | 49,915,175.34 | 17,162,676.76 |
| Interestpayableonshort-termborrowings | 39,095,155.47 | 23,350,524.40 |
| Others | 54,685.97 | 55,234.52 |
| Total | 214,023,683.45 | 220,837,380.17 |
32.2Otherpayables
(1)ListedbyNatureofAccount
| Item | Endingbalance | Beginningbalance |
| Expensespayable | 605,129,775.36 | 626,909,820.31 |
| Come-and-gomoney | 164,595,180.37 | 323,092,770.74 |
| Equitytransferpayment | 67,482,796.96 | 157,682,796.96 |
| Relatedpartyborrowing | 295,208,444.71 | 344,520,800.92 |
| Cashdepositandfront | 246,561,064.97 | 243,197,538.56 |
| Advancepayment | 11,496,087.32 | 7,795,410.38 |
| Others | 42,254,319.05 | 67,519,369.06 |
| Total | 1,432,727,668.74 | 1,770,718,506.93 |
(2)OtherSignificantPayablesAgingoverOneYear
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| EquitytransfermoneyofJiangxiKonka | 61,180,000.00 | Notmeetthesettlementconditions |
| Total | 61,180,000.00 |
33.CurrentPortionofNon-currentLiabilities
| Item | Endingbalance | Beginningbalance |
| Currentportionoflong-termborrowings | 2,090,919,000.00 | 18,150,000.00 |
| Currentportionoflong-termpayables | 209,741,731.57 | 358,746,566.29 |
| Currentportionofleaseliabilities | 26,523,807.12 | 48,656,098.14 |
| Currentportionofbondspayables | 2,000,000,000.00 | |
| Total | 4,327,184,538.69 | 425,552,664.43 |
34.Othercurrentliabilities
| Item | Endingbalance | Beginningbalance |
| Accountspayablewithtradeacceptancenotes | 199,491,442.79 | 432,420,000.00 |
| Others | 13,158,576.93 | 9,354,317.23 |
| Total | 212,650,019.72 | 441,774,317.23 |
35.Long-termBorrowings
| Item | Endingbalance | Beginningbalance | Description |
| Guaranteedborrowings | 2,356,260,000.00 | 2,058,000,000.00 | ①②③ |
| Pledgeborrowings | 4,824,624,148.48 | 3,123,838,997.54 | ④⑤⑥⑦⑧⑨⑩?????????? |
| Entrustedborrowings | 2,611,060,000.00 | 611,060,000.00 | ? |
| Creditloan | 180,000,000.00 | 190,000,000.00 | |
| Less:Currentportion | 2,090,919,000.00 | 18,150,000.00 | |
| Total | 7,881,025,148.48 | 5,964,748,997.54 |
Notes:a)TheCompanyhasobtainedlong-termborrowingsamountingtoRMB2,000,000,000.00fromtheExport-ImportBankofChina,andthetermthereofisfrom22June2020to24June2022.TheOCTGroup(parentcompanyoftheCompany)providesjointandseveralliabilityguaranteeatthemaximumamount.b)TheCompanyhasobtainedlong-termborrowingsamountingtoRMB300,000,000.00fromShenzhenBranch,ChinaGuangfaBankCo.,Ltd.,andthetermthereofisfrom24June2021to23June2024,forwhichtheOCTGroup(parentcompanyoftheCompany)providesjointandseveralliabilityguaranteeatthemaximumamount.c)XingdaHongye(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB56,260,000.00fromZhuhaiBranch,XiamenInternationalBankCo.,Ltd.,andthetermthereofisfrom25November2020to25February2022,forwhichtheCompanyprovidesjointandseveralliabilityguaranteeatthemaximumamount.d)TheCompanyhasobtainedlong-termborrowingsamountingtoRMB341,847,132.95fromShenzhenRuralCommercialBankCo.,Ltd.GuanlanSub-branch,withalanduserightworthRMB5,220,441.48(bookvalue),aninvestmentpropertyworthRMB121,018,537.96(bookvalue)andabuildingworthRMB71,008,186.14(bookvalue)aspledge,andthetermthereofisfrom22January2021to22January2026.e)DongguanKonka(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB15,000,000fromtheAgriculturalBankofChinaCo.,Ltd.DongguanFenggangSub-branch,withthelanduserightofFenggangKongkaIntelligentIndustrialParkworthRMB196,005,772.67(bookvalue)aspledge,andthetermthereofisfrom23June2021to7May2031.f)SichuanKonka(asubsidiaryoftheCompany)hasobtainedentrustedborrowingsamountingtoRMB100,000,000.00fromSichuanGangrongInvestmentDevelopmentGroupCo.,Ltd.YibinKonkaTechnologyIndustrialPark(asubsidiaryoftheCompany)providespledge(alanduserightworthRMB4,678,863.20(bookvalue)andaninvestmentpropertyworthRMB8,711,687.32(bookvalue)),andCommunicationTechnologyprovidesjointandseveralliabilityguaranteefortheaforesaidentrustedborrowings.Thetermoftheentrustedborrowingsisfrom28May2018to24May2025.g)RushanYike(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB113,210,000fromChinaEverbrightBankCo.,Ltd.YantaiEconomicDevelopmentZoneSub-branchwiththelong-termreceivablesinvolvedinRushanSilverBeachWaterSupplyandDrainagePPPProjectworthRMB350,937,230.14aspledge(thetermthereofisfrom29December2016to28December2026),forwhichYikangTechnology(asubsidiaryoftheCompany)providesjointandseveralliabilityguarantee.h)DayiKangrunWaterAffairs(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB266,200,000.00fromtheIndustrialandCommercialBankofChinaCo.,Ltd.ChengduQinglongSub-branchwiththefranchiseearningrightinvolvedinDayiCountyIndustrialSewageandReclaimedWaterTreatmentPlantConstructionProjectamountingtoRMB1,000,000,000.00aspledge(thetermthereofisfrom29April2020to10April2035),forwhichEconTechnology(asubsidiaryoftheCompany)providesaletterofcommitmenttomakeupforanydifference.
i)Fu'nanKangrun(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB465,000,000.00fromtheAgriculturalDevelopmentBankofChinaFunanCountySub-branchwiththefeasibilitygapsubsidiesandgovernmentpaymentsunderthePPPProjectofWhole-regionSewageGovernanceinFunanCountyaspledge,andthetermthereofisfrom23August2019to22August2039.j)WeifangSihai(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB619,155.900.00fromtheIndustrialBankCo.,Ltd.WeifangSub-branchwiththeaccountsreceivableunderthecontractofWeifangCentralUrbanAreaComprehensiveUpgradingProjectaspledge,andthetermthereofisfrom26June2019to25June2035.k)WeifangSihai(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB42,700,000.00fromChinaConstructionBankCo.,Ltd.withtheaccountsreceivableunderthecontractofWeifangCentralUrbanAreaComprehensiveUpgradingProjectaspledge,andthetermthereofisfrom28May2021to25June2035.l)LaizhouLairun(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB162,583,906.57fromthePostalSavingsBankofChinaCo.,Ltd.LaizhouSub-branchwiththeaccountsreceivablearisingfromallrelevantearningsandearningrightsunderthecontractofthePPPProjectoftheSecondSewageTreatmentPlantinLaizhouCityandrelevantsupplementaryagreementsaspledge,andthetermthereofisfrom17January2020to16January2040.m)TongchuanKangrunHonghui(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB30,000,000.00fromTongchuanBranch,ChinaConstructionBankCo.,Ltd.withtheaccountsreceivableagreedinrelevantprojectincome(includingsewagetreatmentservicefees,garbagecollection&deliveryservicefeesandfeasibilitygapsubsidiaries)termsofthePPPProjectofEcologicalConservationandRestorationforMountains,Rivers,Forests,FarmlandsandLakesinYintaiDistrict,TongchuanCity,EspeciallyQishuiRiverandItsSurroundingAreas,ANationalPilotProjectRegardingMountains,Rivers,Forests,FarmlandsandLakessignedwiththeWaterAuthorityinYintaiDistrict,TongchuanCityaspledge,andthetermthereofisfrom25March2021to24March2035.n)LushanKangrunEnvironment(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB250,000,000.00fromHenanBranch,ChinaDevelopmentBankwiththeaccountsreceivableunderthecontractofthePPPProjectofEcologicalRestorationandImprovementforShaheRiverinLushanCounty(PhaseI)aspledge,andthetermthereofisfrom16April2021to15April2037.o)DonggangKangrun(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB828,000,000.00fromChinaConstructionBankCo.,Ltd.DonggangSub-branchwiththeaccountsreceivableunderthecontractofthePPPProjectofComprehensiveGovernanceonInlandRiversinDonggangCityaspledge,andthetermthereofisfrom31January2019to30January2036.p)SuiningPengxiKangrun(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB37,210,337.99fromtheIndustrialandCommercialBankofChinaCo.,Ltd.PengxiSub-branchwiththeaccountsreceivableunderthecontractofthePPPProjectofUrbanSewageTreatmentPlantinSuiningJinqiaoNewAreaaspledge,andthetermthereofisfrom4June2021to3January2035.q)SubeiKangrun(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB776,000,000.00fromtheAgriculturalDevelopmentBankofChinaDunhuangSub-branchwiththeaccountsreceivableunderthecontractofthePPPProjectofWaterSupplyforMazongshanTown,SubeiMongolAutonomousCounty,GansuProvinceaspledge(thetermthereofisfrom10March2020to9March2035),forwhichEconTechnology(asubsidiaryoftheCompany)providesjointandseveralliabilityguarantee.r)MengchengKangrun(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB160,000,000.00fromtheAgriculturalDevelopmentBankofChinaMengchengCountySub-branchwiththeprospectiveearningsfromthePPPProjectofComprehensiveGovernanceonWaterEnvironmentinMengchengCounty,AnhuiProvinceaspledge,andthetermthereofisfrom27
January2021to26January2038.s)Xi'anKangrun(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB150,996,870.97fromChinaConstructionBankCo.,Ltd.Xi'anGaolingDistrictJinghuannanluSub-branchwithallrelevantearningsandearningrightsinvolvedintheFranchiseProjectofKitchenGarbageTreatmentinGaolingDistrict,Xi'anCityaspledge,andthetermthereofisfrom1February2021to31January2036.t)WuhanRunyuan(asubsidiaryoftheCompany)hasobtainedlong-termborrowingsamountingtoRMB466,720,000.00fromtheAgriculturalDevelopmentBankofChina(ADBC)WuhanDixihuDistrictSub-branchwiththeaccountsreceivableunderthecontractofthePPPProjectofIntegratedGovernanceonTownshipDomesticSewageinHuangpiDistrict(thetermthereofisfrom22January2020to19January2040),forwhichEconTechnology(asubsidiaryoftheCompany)providesaletterofcommitmenttomakeupforanydifference.
u)TheOCTGroup(parentcompanyoftheCompany)hasissuedanentrustedloanofRMB2,611,060,000.00totheCompanyviaChinaMerchantsBankCo.,Ltd.Thetermoftheloanisfrom7December2020to25February2024.
36.BondsPayable
(1)ListofBondsPayable
| Item | Endingbalance | Beginningbalance |
| Non-publicofferingcorporatebonds | 4,992,708,333.32 | 4,993,212,788.32 |
| Less:Currentportionofbondspayable | 2,000,000,000.00 | |
| Total | 2,992,708,333.32 | 4,993,212,788.32 |
(2)Increase/DecreaseofBondsPayable
| Bondsname | Totalparvalue | Issuingdate | Duration | Issuingamount | Beginningbalance |
| 19Konka01(note①) | 1,000,000,000.00 | 2019-1-14 | 2+1years | 996,500,000.00 | 998,899,371.13 |
| 19Konka02(note②) | 1,500,000,000.00 | 2019-1-14 | 3years | 1,494,750,000.00 | 1,498,349,056.69 |
| 19Konka03(note③) | 500,000,000.00 | 2019-6-3 | 2+1years | 498,250,000.00 | 499,220,387.86 |
| 19Konka04(note④) | 500,000,000.00 | 2019-6-3 | 3years | 498,250,000.00 | 499,220,387.86 |
| 19Konka05(note⑤) | 800,000,000.00 | 2019-7-22 | 2+1years | 797,200,000.00 | 798,679,245.24 |
| 19Konka06(note⑥) | 700,000,000.00 | 2019-7-22 | 3years | 697,550,000.00 | 698,844,339.54 |
| 21Konka01（note⑦） | 1,000,000,000.00 | 2021-1-8 | 3years | 996,500,000.00 | |
| 21Konka02（note⑧） | 500,000,000.00 | 2021-5-21 | 3years | 498,250,000.00 | |
| Total | 6,500,000,000.00 | 6,477,250,000.00 | 4,993,212,788.32 |
(Continued)
| Bondsname | IssuedduringtheReportingPeriod | Withdrawinterestatfacevalue | Amortizationofpremiumanddiscount | RepayduringtheReportingPeriod | Endingbalance |
| 19Konka01(note①) | 1,249,999.96 | 1,100,628.87 | 1,000,000,000.00 | - | |
| 19Konka02(note②) | 36,250,000.02 | 825,471.72 | 1,499,174,528.41 |
| Bondsname | IssuedduringtheReportingPeriod | Withdrawinterestatfacevalue | Amortizationofpremiumanddiscount | RepayduringtheReportingPeriod | Endingbalance |
| 19Konka03(note③) | 9,250,000.00 | 779,612.14 | 500,000,000.00 | - | |
| 19Konka04(note④) | 11,619,444.45 | 275,157.24 | 499,495,545.10 | ||
| 19Konka05(note⑤) | 17,616,666.65 | 440,251.56 | 799,119,496.80 | ||
| 19Konka06(note⑥) | 15,993,055.53 | 385,220.10 | 699,229,559.64 | ||
| 21Konka01（note⑦） | 996,500,000.00 | 21,432,777.79 | 748,427.69 | 997,248,427.69 | |
| 21Konka02（note⑧） | 498,250,000.00 | 2,277,777.78 | 190,775.68 | 498,440,775.68 | |
| Total | 1,494,750,000.00 | 115,689,722.18 | 4,745,545.00 | 1,500,000,000.00 | 4,992,708,333.32 |
Note1:
①On14January2019,RMB1billionofprivateplacementcorporatebondswasissuedwiththedurationoftwoplusoneyears,theannualinterestrateof5.00%andtheduedateof14January2021."19Konka01"hasbeenfullysoldbackanddelistedfromtheexchangeon14January2021.
②On14January2019,RMB1.5billionofprivateplacementcorporatebondswasissuedwiththedurationofthreeyears,theannualinterestrateof5.00%andtheduedateof14January2022.
③On3June2019,RMB0.5billionofprivateplacementcorporatebondswasissuedwiththedurationoftwoplusoneyears,theannualinterestrateof4.50%andtheduedateof3June2021."19Konka03"hasbeenfullysoldbackanddelistedfromtheexchangeon3June2021.④On15January2019,RMB0.5billionofprivateplacementcorporatebondswasissuedwiththedurationofthreeyears,theannualinterestrateof4.70%andtheduedateof3June2022.⑤On22July2019,RMB0.8billionofprivateplacementcorporatebondswasissuedwiththedurationoftwoplusoneyears,theannualinterestrateof4.53%andtheduedateof22July2021.
⑥On22July2019,RMB0.7billionofprivateplacementcorporatebondswasissuedwiththedurationofthreeyears,theannualinterestrateof4.70%andtheduedateof22July2022.
⑦On8January2021,RMB1billionofprivateplacementcorporatebondswasissuedwiththedurationofthreeyears,theannualinterestrateof4.46%andtheduedateof8January2024.
⑧On21May2021,RMB0.5billionofprivateplacementcorporatebondswasissuedwiththedurationofthreeyears,theannualinterestrateof4.00%andtheduedateof21May2024.Note2:OCTGroupprovidedfull-amount,unconditionalandirrevocablejointandseveralliabilityguaranteefortheduepaymentoftheprivateofferingofcorporatebonds.
37.LeaseLiabilities
| Item | Endingbalance | Beginningbalance |
| Leaseliabilities | 95,307,955.33 | 110,388,195.06 |
| Less:Currentportion | 26,523,807.12 | 48,656,098.14 |
| Total | 68,784,148.21 | 61,732,096.92 |
38.Long-termPayables
(1)Listbynature
| Item | Endingbalance | Beginningbalance |
| Accruedfinancingleaseoutlay | 737,150,003.99 | 921,958,930.55 |
| Ofwhich:unrecognizedfinancingexpense | 55,473,934.22 | 81,802,514.30 |
| Less:Currentportion | 209,741,731.57 | 358,746,566.29 |
| Total | 471,934,338.20 | 481,409,849.96 |
39.Long-termPayrollPayableClassification
| Item | Endingbalance | Beginningbalance |
| Terminationbenefits-netliabilitiesofdefinedcontributionplans | 5,178,477.38 | 5,248,309.14 |
| Total | 5,178,477.38 | 5,248,309.14 |
40.Provisions
| Item | Endingbalance | Beginningbalance | Reasonforformation |
| Productqualityassurance | 106,468,978.52 | 102,146,976.40 | After-salesofhouseholdappliances |
| Others | 206,591.51 | 206,591.51 | |
| Total | 106,675,570.03 | 102,353,567.91 |
41.DeferredIncome
(1)CategoryofDeferredIncome
| Item | Beginningbalance | Increased | Decreased | Endingbalance | Reasonforformation |
| Governmentsubsidies | 446,900,524.64 | 35,513,702.05 | 261,258,151.57 | 221,156,075.12 | Asset-related/incomerelated |
| Total | 446,900,524.64 | 35,513,702.05 | 261,258,151.57 | 221,156,075.12 |
(2)Governmentsubsidy
| ListofGovernmentSubsidy | Beginningbalance | Newamountintheperiod | Amountchargedtonon-operatingincomeintheperiod | Amountchargedtootherincomeintheperiod | Otherchanges | Endingbalance | Asset/income-related |
| Industrysupportfunds | 322,011,927.27 | 3,514,025.05 | 230,394,777.52 | 95,131,174.80 | 与资产/收益相关 | ||
| governmentspecialsubsidyforprojects | 30,000,000.00 | 10,000,000.00 | 40,000,000.00 | 与收益相关 | |||
| UHDdisplaychipresearchanddevelopmentandindustrializationproject | 20,000,000.00 | 20,000,000.00 | 与资产相关 | ||||
| Equipmentsubsidy | 11,457,800.00 | 11,457,800.00 | 与资产相关 | ||||
| Othersubsidies | 74,888,597.37 | 10,541,877.00 | 17,563,374.05 | 13,300,000.00 | 54,567,100.32 | 与资产/收益相关 | |
| Total | 446,900,524.64 | 35,513,702.05 | 247,958,151.57 | 13,300,000.00 | 221,156,075.12 |
42.Othernon-currentliabilities
| Item | Endingbalance | Beginningbalance |
| Contractobligationsoveroneyear | 83,705,786.99 | 106,475,449.02 |
| Total | 83,705,786.99 | 106,475,449.02 |
43.Sharecapital
| Item | Beginningbalance | Increase/decrease(+/-) | Endingbalance | ||||
| Newsharesissued | Bonusshares | Bonusissuefromprofit | Others | Subtotal | |||
| Totalshares | 2,407,945,408.00 | 2,407,945,408.00 | |||||
| Total | 2,407,945,408.00 | 2,407,945,408.00 | |||||
44.CapitalReserves
| Item | Beginningbalance | Increased | Decreased | Endingbalance |
| Sharecapitalpremium | 6,702,019.17 | 6,702,019.17 | ||
| Othercapitalreserves | 230,185,310.09 | 2,671,625.35 | 227,513,684.74 | |
| Total | 230,185,310.09 | 6,702,019.17 | 2,671,625.35 | 234,215,703.91 |
Note:DuetothedisposaloftheassociatesKonkaGreenandKonkaTechnologyinthecurrentperiod,othercapitalreservesdecreasedbyRMB2,671,625.35.Duetotherepurchaseofminorityshareholders'equityinsubsidiaryXinyingSemiconductor,thecapitalreserve(sharecapitalpremium)increasedbyRMB6,702,019.17.
45.OtherComprehensiveIncome
| Item | Beginningbalance | ReportingPeriod | Endingbalance | |||||
| IncomebeforetaxationintheCurrentPeriod | Less:RecordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossintheCurrentPeriod | Less:RecordedinothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsintheCurrentPeriod | Less:Incometaxexpense | AttributabletoownersoftheCompanyastheparentaftertax | Attributabletonon-controllinginterestsaftertax | |||
| I.Itemsthatwillnotbereclassifiedtoprofitorloss | -6,398,878.20 | -6,398,878.20 | ||||||
| Changesinfairvalueofotherequityinstrumentinvestment | -6,398,878.20 | -6,398,878.20 | ||||||
| Others | ||||||||
| II.Itemsthatwillbereclassifiedtoprofitorloss | -10,184,164.22 | -1,547,270.99 | -583,043.66 | -964,227.33 | -10,767,207.88 | |||
| Ofwhich:Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | -2,397,350.96 | 1,486,086.18 | 1,486,086.18 | -911,264.78 | ||||
| Differencesarisingfromthetranslationof | -7,786,813.26 | -3,033,357.17 | -2,069,129.84 | -964,227.33 | -9,855,943.10 | |||
| Item | Beginningbalance | ReportingPeriod | Endingbalance | |||||
| IncomebeforetaxationintheCurrentPeriod | Less:RecordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossintheCurrentPeriod | Less:RecordedinothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsintheCurrentPeriod | Less:Incometaxexpense | AttributabletoownersoftheCompanyastheparentaftertax | Attributabletonon-controllinginterestsaftertax | |||
| foreigncurrencydenominatedfinancialstatements | ||||||||
| TotalOtherComprehensiveIncome | -16,583,042.42 | -1,547,270.99 | -583,043.66 | -964,227.33 | -17,166,086.08 | |||
46.SurplusReserves
| Item | Beginningbalance | Increased | Decreased | Endingbalance |
| Statutorysurplusreserves | 973,502,519.62 | 973,502,519.62 | ||
| Discretionalsurplusreserves | 238,218,590.05 | 238,218,590.05 | ||
| Total | 1,211,721,109.67 | 1,211,721,109.67 |
47.RetainedEarnings
| Item | ReportingPeriod | Sameperiodoflastyear |
| Endingbalanceoflastyear | 4,595,371,391.63 | 4,239,763,606.89 |
| Add:Totalbeginningbalanceofretainedearningsbeforeadjustments | ||
| Ofwhich:changeofaccountingpolicy | ||
| Otheradjustmentfactors | ||
| BeginningbalanceoftheReportingPeriod | 4,595,371,391.63 | 4,239,763,606.89 |
| Add:NetprofitattributabletoownersoftheCompanyastheparent | 85,449,919.57 | 477,633,250.14 |
| Retainedincomescarriedforwardfromothercomprehensiveincome | -1,628,195.00 | |
| Less:Withdrawalofstatutorysurplusreserves | ||
| Withdrawalofdiscretionalsurplusreserves | ||
| Dividendofordinarysharespayable | 240,794,540.80 | 120,397,270.40 |
| Endingbalanceofthisperiod | 4,440,026,770.40 | 4,595,371,391.63 |
48.OperatingRevenueandCostofSales
(1)OperatingRevenueandCostofSales
| Item | ReportingPeriod | Sameperiodoflastyear | ||
| Operatingrevenue | Costofsales | Operatingrevenue | Costofsales | |
| Mainoperations | 21,412,726,539.67 | 20,510,002,960.62 | 17,233,552,849.87 | 16,069,773,569.48 |
| Otheroperations | 397,435,333.41 | 307,172,753.16 | 290,631,046.87 | 199,219,863.40 |
| Total | 21,810,161,873.08 | 20,817,175,713.78 | 17,524,183,896.74 | 16,268,993,432.88 |
(2)MainOperations(Classifiedbyproduct)
| Item | ReportingPeriod | Sameperiodoflastyear | ||
| Operatingrevenue | Costofsales | Operatingrevenue | Costofsales | |
| Supplychaintradingbusiness | 12,184,495,984.54 | 12,079,110,369.50 | 9,566,197,970.86 | 9,423,055,276.96 |
| ColorTVbusiness | 3,190,601,881.06 | 3,017,183,364.20 | 3,218,278,547.14 | 2,742,839,819.16 |
| Environmentalprotection | 2,724,186,133.96 | 2,439,448,446.23 | 1,498,623,593.33 | 1,337,882,701.47 |
| Item | ReportingPeriod | Sameperiodoflastyear | ||
| Operatingrevenue | Costofsales | Operatingrevenue | Costofsales | |
| business | ||||
| Consumerappliancesbusiness | 1,752,194,252.46 | 1,608,490,566.46 | 1,918,628,399.97 | 1,650,949,066.11 |
| Semi-conductorbusiness | 241,973,760.06 | 229,060,263.71 | 223,849,167.50 | 213,510,864.28 |
| Others | 1,319,274,527.59 | 1,136,709,950.52 | 807,975,171.07 | 701,535,841.50 |
| Total | 21,412,726,539.67 | 20,510,002,960.62 | 17,233,552,849.87 | 16,069,773,569.48 |
49.TaxesandSurtaxes
| Item | ReportingPeriod | Sameperiodoflastyear |
| Stampduty | 17,210,974.34 | 7,525,016.46 |
| Urbanmaintenanceandconstructiontax | 5,272,168.22 | 4,563,133.76 |
| Landusetax | 12,591,947.22 | 7,726,576.91 |
| Propertytax | 4,521,990.47 | 4,474,412.24 |
| Educationsurcharge | 2,252,651.83 | 2,110,616.64 |
| Localeducationsurcharge | 1,295,806.68 | 1,407,025.70 |
| Waterresourcesfund | 98,737.91 | 75,715.03 |
| Others | 1,212,085.27 | 1,301,943.62 |
| Total | 44,456,361.94 | 29,184,440.36 |
50.SellingExpense
| Item | ReportingPeriod | Sameperiodoflastyear |
| Payroll | 179,194,691.52 | 206,209,082.36 |
| Advertisingexpense | 143,443,247.26 | 269,906,176.77 |
| LogisticFee | 57,131,056.01 | 186,463,203.90 |
| Promotionalactivities | 93,916,189.20 | 109,821,424.32 |
| Warrantyfee | 95,238,254.77 | 84,742,647.02 |
| Taxesandfund | 26,084,857.60 | 26,313,964.00 |
| Businesstravelcharges | 9,695,834.71 | 8,381,930.49 |
| Rentalcharges | 13,812,228.32 | 13,266,655.00 |
| Exhibitionexpenses | 2,675,578.55 | 7,513,097.13 |
| Businessentertainmentexpenses | 6,473,826.73 | 4,916,413.21 |
| Others | 39,996,271.80 | 51,689,787.78 |
| Total | 667,662,036.47 | 969,224,381.98 |
51.AdministrativeExpense
| Item | ReportingPeriod | Sameperiodoflastyear |
| Item | ReportingPeriod | Sameperiodoflastyear |
| Payroll | 172,124,998.88 | 177,373,892.49 |
| Depreciationcharge | 55,861,222.66 | 80,326,472.49 |
| Intermediaryfees | 24,599,241.61 | 64,645,576.61 |
| Businesstravelcharges | 8,275,347.12 | 4,551,426.46 |
| Lossonscrapingofinventories | 2,246,719.29 | 3,077,371.04 |
| Water&electricityfees | 5,392,545.21 | 4,831,271.94 |
| Others | 90,553,592.30 | 106,109,769.41 |
| Total | 359,053,667.07 | 440,915,780.44 |
52.R&DExpense
| Item | ReportingPeriod | Sameperiodoflastyear |
| Salary | 141,474,094.27 | 138,480,765.54 |
| Others | 143,189,372.99 | 119,568,820.75 |
| Total | 284,663,467.26 | 258,049,586.29 |
53.FinanceCosts
| Item | ReportingPeriod | Sameperiodoflastyear |
| Interestexpense | 488,330,464.76 | 532,953,584.28 |
| Less:Interestincome | 78,303,181.42 | 124,261,830.72 |
| Add:Exchangeloss | 28,226,971.34 | -64,612,997.78 |
| Other | 21,161,528.03 | 42,962,110.97 |
| Total | 459,415,782.71 | 387,040,866.75 |
54.OtherIncome
| Resources | ReportingPeriod | Sameperiodoflastyear |
| Supportfund | 342,585,919.00 | 147,152,074.00 |
| Transferofdeferredincome | 247,958,151.57 | 22,399,161.10 |
| Rewardsandsubsidies | 116,820,277.53 | 108,968,284.81 |
| Landtaxrebates | 4,728,544.03 | 7,197,234.18 |
| Softwaretaxrebates | 6,085,265.89 | 15,323,154.27 |
| Postsubsidies | 2,426,398.00 | 13,633,750.07 |
| L/Cexportsubsidy | 91,800.00 | 2,990,537.00 |
| Others | 430,656.91 | |
| Total | 720,696,356.02 | 318,094,852.34 |
55.InvestmentIncome
| Item | ReportingPeriod | Sameperiodoflastyear | |
| Long-termequityinvestmentincomemeasuredbyequitymethod | 19,335,816.88 | 49,858,252.47 | |
| Investmentincomefromdisposaloflong-termequityinvestment | 177,579,605.00 | 454,470,348.72 | |
| Item | ReportingPeriod | Sameperiodoflastyear | |
| Investmentincomefromdisposalofheld-for-tradingfinancialassets | 3,405,333.03 | ||
| Incomefromremeasurementofresidualstockrightsatfairvalueafterlosingcontrolpower | 68,185,019.88 | 23,788,733.72 | |
| Interestincomefromholdingofdebtinvestments | 34,566,759.25 | 37,286,956.28 | |
| Incomefromentrustedwealthmanagement,entrustedloans | 29,883,952.37 | ||
| Investmentincomefromdisposaloffinancialassetsatfairvaluethroughcurrentprofitorloss | 22,577,111.88 | ||
| Total | 322,244,312.89 | 598,693,576.59 | |
56.GainonChangesinFairValue
| Sources | ReportingPeriod | Sameperiodoflastyear |
| Tradingfinancialassets | 3,691,020.84 | |
| Ofwhich:gainonchangesinfairvalueofderivativefinancialinstruments | ||
| Othernon-currentfinancialassets | 36,671,492.89 | |
| Total | 40,362,513.73 |
57.CreditImpairmentLoss
| Item | ReportingPeriod | Sameperiodoflastyear |
| Lossonbaddebtsofnotesreceivable | 19,146,640.03 | 891,406.18 |
| Baddebtlossesofaccountsreceivable | -64,007,725.46 | -35,516,049.10 |
| Baddebtlossesofotherreceivables | -26,531,092.63 | -9,133,606.38 |
| Baddebtlossofprepayment | 4,506,841.30 | |
| Baddebtlossofcontractassets | -636,099.18 | |
| Total | -71,392,178.06 | -39,887,507.18 |
58.AssetImpairmentLoss
| Item | ReportingPeriod | Sameperiodoflastyear |
| Inventorydepreciationlossandcontractperformancecostimpairmentloss | -10,573,236.91 | -1,985,659.95 |
| ContractualAssetImpairmentLoss | -18,965,495.91 | |
| Total | -29,538,732.82 | -1,985,659.95 |
59.AssetDisposalIncome(“－”forloss)
| Item | ReportingPeriod | Sameperiodoflastyear | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Item | ReportingPeriod | Sameperiodoflastyear | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Incomesfromdisposalofdisposalgroupsheldforsale | |||
| Incomesfromdisposalofnon-currentassets | 88,668.35 | 98,454,282.86 | 88,668.35 |
| Including:incomesfromdisposalofnon-currentassetsnotclassifiedastheheld-for-saleassets | 88,668.35 | 98,454,282.86 | 88,668.35 |
| Ofwhich:Fixedassetsdisposalincome | 88,668.35 | -145,717.14 | 88,668.35 |
| Intangibleassetsdisposalincome | 98,600,000.00 | ||
| Total | 88,668.35 | 98,454,282.86 | 88,668.35 |
60.Non-operatingIncome
(1)ListofNon-operatingIncome
| Item | ReportingPeriod | SamePeriodoflastyear | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Insuranceindemnity | 12,736,400.00 | 12,736,400.00 | |
| Non-currentassetsdamageandretirementgains | 237,884.42 | 237,884.42 | |
| Compensationandpenaltyincome | 1,884,536.59 | 1,480,648.26 | 1,884,536.59 |
| GovernmentsubsidiesunrelatedtothenormaloperationoftheCompany | 3,000,000.00 | ||
| Gainsondebtrestructuring | 544,827.07 | 377,094.96 | 544,827.07 |
| Other | 6,214,629.71 | 3,804,030.26 | 6,214,629.71 |
| Total | 21,618,277.79 | 8,661,773.48 | 21,618,277.79 |
61.Non-operatingExpense
| Item | ReportingPeriod | SamePeriodoflastyear | Amountrecordedintothecurrentnon-recurringprofitorloss |
| Lossesondamageandscrapingofnon-currentassets | 437,270.73 | 867,633.27 | 437,270.73 |
| Compensationexpense | 161,680.10 | 161,680.10 | |
| Others | 6,194,922.31 | 6,269,242.08 | 6,194,922.31 |
| Total | 6,793,873.14 | 7,136,875.35 | 6,793,873.14 |
62.IncomeTaxExpense
(1)ListsofIncomeTaxExpense
| Item | ReportingPeriod | Sameperiodoflastyear |
| Currentincometaxexpense | 192,219,793.73 | 62,167,085.67 |
| Deferredincometaxexpense | -107,956,525.36 | 11,258,436.80 |
| Total | 84,263,268.37 | 73,425,522.47 |
(2)AdjustmentProcessofAccountingProfitandIncomeTaxExpense
| Item | ReportingPeriod |
| Profitbeforetaxation | 175,020,188.61 |
| Currentincometaxexpenseaccountedatstatutory/applicabletaxrate | 43,755,047.15 |
| Influenceofapplyingdifferenttaxratesbysubsidiaries | 596,097.16 |
| Influenceofincometaxbeforeadjustment | 25,532,149.88 |
| Influenceofnon-taxableincome | -28,842,890.50 |
| Influenceofnotdeductablecosts,expensesandlosses | 3,181,788.78 |
| Influenceofdeductablelossofunrecognizeddeferredincometaxassetsinpriorperiod | -3,070,599.55 |
| InfluenceofdeductabletemporarydifferenceordeductablelossesofunrecognizeddeferredincometaxintheReportingPeriod | 61,106,584.81 |
| Changesinthebalanceofdeferredincometaxassets/liabilitiesinpreviousperiodduetoadjustmentoftaxrate | -4,100,883.59 |
| Other | -13,894,025.77 |
| Incometaxexpense | 84,263,268.37 |
63.OtherComprehensiveIncomeReferto“NoteVI-45.OtherComprehensiveIncome”fordetails.
64.CashFlowStatement
(1)CashGeneratedfrom/UsedinOtherOperating/Investing/FinancingActivities
1)CashGeneratedfromOtherOperatingActivities
| Item | ReportingPeriod | SamePeriodoflastyear |
| Commercialfactoringaccountsreceived | 1,943,522.48 | 700,909,868.83 |
| Intercoursefunds | 164,755,704.28 | 46,698,484.01 |
| Incomefromgovernmentsubsidy | 448,099,427.58 | 319,790,565.67 |
| Frontmoneyandguaranteedeposit | 279,858,364.93 | 403,296,224.51 |
| Interestincomefrombankdeposits | 37,983,778.15 | 14,105,927.41 |
| Other | 51,992,741.93 | 583,114,151.39 |
| Total | 984,633,539.35 | 2,067,915,221.82 |
2)CashUsedinOtherOperatingActivities
| Item | ReportingPeriod | SamePeriodoflastyear |
| Thecommercialfactoringpayment | 700,000,000.00 | |
| Expenseforcashpayment | 563,280,960.36 | 661,630,597.26 |
| Item | ReportingPeriod | SamePeriodoflastyear |
| Paymentmadeonbehalf | 11,499,654.13 | 10,648,911.81 |
| Paymentforguaranteedeposit,cashdeposit | 93,768,423.51 | 367,885,658.11 |
| Expenseforbankhandlingcharges | 5,216,732.77 | 20,120,952.41 |
| Other | 404,575,413.78 | 229,868,221.99 |
| Total | 1,078,341,184.55 | 1,990,154,341.58 |
3)CashGeneratedfromOtherInvestingActivities
| Item | ReportingPeriod | SamePeriodoflastyear |
| Recoveryoffinancialproductsandfixedtermdeposits | 303,571,732.31 | |
| Recoveryofentrustedloans | 466,367,371.66 | 905,185,808.83 |
| Other | 260,630,141.85 | |
| Total | 726,997,513.51 | 1,208,757,541.14 |
4)CashUsedinOtherInvestingActivities
| Item | ReportingPeriod | SamePeriodoflastyear |
| Paymentforentrustedloans | 174,930,000.00 | 112,700,000.00 |
| Other | 160,869,856.00 | 40,230,416.99 |
| Total | 335,799,856.00 | 152,930,416.99 |
5)CashGeneratedfromOtherFinancingActivities
| Item | ReportingPeriod | SamePeriodoflastyear |
| Recoveryofmargindepositpledged | 197,949,393.49 | 629,073,059.73 |
| Lease-relatedaccounts | 34,000,000.00 | 230,602,970.00 |
| Receivingentrustedloans | 361,338,700.00 | 86,200,000.00 |
| Other | 2,070,691.00 | |
| Total | 595,358,784.49 | 945,876,029.73 |
6)CashUsedinOtherFinancingActivities
| Item | ReportingPeriod | SamePeriodoflastyear |
| Depositasmarginforpledge | 161,578,386.94 | 760,536,005.49 |
| Repaymentofentrustedloans | 29,400,000.00 | 101,052.05 |
| Lease-relatedpayments | 236,173,947.51 | 144,556,719.67 |
| Financingcost | 18,501,066.06 | 17,210,477.52 |
| Other | 34,551,700.00 | 111,500,000.00 |
| Total | 480,205,100.51 | 1,033,904,254.73 |
(2)SupplementalInformationforCashFlowStatement
| Supplementalinformation | ReportingPeriod | Sameperiodoflastyear |
| 1.Reconciliationofnetprofittonetcashflowsgeneratedfromoperatingactivities |
| Supplementalinformation | ReportingPeriod | Sameperiodoflastyear |
| Netprofit | 90,756,920.24 | 72,244,328.36 |
| Add:Provisionforimpairmentofassets | 29,538,732.82 | 1,985,659.95 |
| Creditimpairmentloss | 71,392,178.06 | 39,887,507.18 |
| Depreciationoffixedassets,oil-gasassets,andproductivelivingassets | 205,328,397.90 | 150,944,828.97 |
| Amortizationofintangibleassets | 38,706,987.41 | 35,300,611.24 |
| Amortizationoflong-termprepaidexpenses | 43,983,314.75 | 50,718,178.66 |
| Lossesondisposaloffixedassets,intangibleassetsandotherlong-livedassets(gains:negative) | -88,668.35 | -98,454,282.86 |
| Lossesonscrapoffixedassets(gains:negative) | 199,386.31 | 738,614.79 |
| Lossesonchangesinfairvalue(gains:negative) | -40,362,513.73 | |
| Financecosts(gains:negative) | 449,599,765.91 | 498,160,321.15 |
| Investmentloss(gains:negative) | -322,244,312.89 | -598,693,576.59 |
| Decreaseindeferredincometaxassets(gains:negative) | -102,340,668.15 | 10,226,485.06 |
| Increaseindeferredincometaxliabilities(“-”meansdecrease) | -5,615,859.48 | -5,187,674.24 |
| Decreaseininventories(gains:negative) | -648,533,766.41 | -228,342,968.29 |
| Decreaseinaccountsreceivablegeneratedfromoperatingactivities(gains:negative) | -266,870,721.39 | -485,454,160.52 |
| Increaseinaccountspayableusedinoperatingactivities(decrease:negative) | -580,252,243.46 | -542,846,678.70 |
| Other | -247,958,151.57 | 22,405,878.36 |
| Netcashgeneratedfrom/usedinoperatingactivities | -1,284,761,222.03 | -1,076,366,927.48 |
| 2.Significantinvestingandfinancingactivitieswithoutinvolvementofcashreceiptsandpayments | ||
| Transferofdebttocapital | ||
| Currentportionofconvertiblecorporatebonds | ||
| Fixedassetsleasedinbyfinancing | ||
| 3.Netincrease/decreaseofcashandcashequivalent: | ||
| Endingbalanceofcash | 5,159,985,226.06 | 4,537,905,819.30 |
| Less:beginningbalanceofcash | 4,298,056,113.24 | 4,493,701,917.22 |
| Add:Endingbalanceofcashequivalents | ||
| Less:Beginningbalanceofcashequivalents | ||
| Netincreaseincashandcashequivalents | 861,929,112.82 | 44,203,902.08 |
(3)NetCashReceivefromDisposaloftheSubsidiaries
| Item | Amount |
| CashorcashequivalentsreceivedintheReportingPeriodfromdisposalofsubsidiariesintheCurrentPeriod | 138,930,000.00 |
| Ofwhich:YantaiKangyun | 34,510,000.00 |
| ShenzhenKangxinProperty | 104,420,000.00 |
| Less:cashandcashequivalentsheldbysubsidiariesonthedateoflosingcontrolpower | 5,786,319.88 |
| Ofwhich:YantaiKangyun | 420,807.32 |
| ShenzhenKangxinProperty | 5,365,512.56 |
| Add:CashorcashequivalentsreceivedintheReportingPeriodfromdisposalofsubsidiariesinthepriorperiod | |
| Netcashreceivedfromdisposalofsubsidiaries | 133,143,680.12 |
(4)NetCashPaidforObtainingSubsidiaries
| Item | Amount |
| CashorcashequivalentspaidintheReportingPeriodforthebusinesscombinationoccurringintheReportingPeriod | |
| Less:cashandcashequivalentsheldbysubsidiariesonthepurchasedate | |
| Add:CashorcashequivalentsreceivedintheReportingPeriodfromdisposalofsubsidiariesinthepriorperiod | 96,500,000.00 |
| Netcashpaidforobtainingsubsidiaries | 96,500,000.00 |
(5)CashandCashEquivalents
| Item | Endingbalance | Beginningbalance |
| Cash | 5,159,985,226.06 | 4,298,056,113.24 |
| Including:Cashonhand | 9,534.97 | 16,052.88 |
| Bankdepositondemand | 5,159,975,691.09 | 4,298,040,060.36 |
| Endingbalanceofcashandcashequivalents | 5,159,985,226.06 | 4,298,056,113.24 |
65.ItemsintheStatementofChangesinShareholders'EquityThereisno“other”amounttoadjusttheamountattheendofthepreviousyearinthisperiod.
66.AssetswithRestrictedOwnershiporRighttoUse
| Item | Endingcarryingvalue | Reasonforrestriction |
| Monetaryassets | 648,960,499.91 | Amongthem,RMB543,742,698.80ismargindeposit,pledgeisusedforborrowingorissuingbankacceptancebill,RMB34,559,081.12isfinancialsupervisionaccountfund;RMB63,213,179.74isfixeddepositthatcannotbewithdrawninadvance;RMB7,445,540.25isrestrictedduetootherreasons. |
| Notesreceivable | 693,159,230.21 | ThecompanypledgedbankacceptancebillswithabookvalueofRMB693,159,230.21forcomprehensivefinancingservicessuchasissuingbankacceptancebills,lettersofcredit,guarantees,andtradefinance. |
| Investmentproperty | 140,612,795.31 | Formortgageloan |
| Item | Endingcarryingvalue | Reasonforrestriction |
| Fixedassets | 687,463,055.62 | Usedformortgageloan,financeleaseandguarantee. |
| Constructioninprogress | 317,974,560.85 | Formortgageloan |
| Intangibleassets | 397,262,395.64 | Usedformortgageloan,financeleaseandguarantee. |
| Long-termreceivables | 350,937,230.14 | Forpledgeloan |
| Total | 3,236,369,767.68 |
67.ForeignCurrencyMonetaryItems
(1)ForeignCurrencyMonetaryItems
| Item | Endingforeigncurrencybalance | Exchangerate | EndingbalanceconvertedtoRMB |
| Monetaryassets | |||
| Ofwhich:USD | 84,160,593.16 | 6.4601 | 543,685,847.87 |
| EUR | 5,936.59 | 7.6862 | 45,629.82 |
| EGP | 4,721,940.41 | 0.4125 | 1,947,800.42 |
| GBP | 5.03 | 8.9410 | 44.97 |
| HKD | 13,267,757.98 | 0.8321 | 11,040,101.42 |
| CAD | 6.96 | 5.2097 | 36.26 |
| PLN | 792,726.08 | 1.7009 | 1,348,347.79 |
| Accountsreceivable | |||
| Ofwhich:USD | 134,495,088.51 | 6.4601 | 868,851,721.28 |
| EUR | 22,053.30 | 7.6862 | 169,506.07 |
| EGP | 18,757,221.24 | 0.4125 | 7,737,353.76 |
| GBP | 908,052.33 | 8.9410 | 8,118,895.88 |
| HKD | 1,578,159.97 | 0.8321 | 1,313,186.91 |
| AUD | 49,764.00 | 4.8528 | 241,494.74 |
| Otherreceivables | |||
| Ofwhich:USD | 39,323,079.55 | 6.4601 | 254,031,026.20 |
| HKD | 1,051,222.12 | 0.8321 | 874,721.93 |
| YEN | 21,400,000.00 | 0.0584 | 1,250,359.20 |
| Interestreceivable | |||
| Ofwhich:USD | 25,006.06 | 6.4601 | 161,541.65 |
| Short-termborrowings | |||
| Ofwhich:USD | 84,416,347.52 | 6.4601 | 545,338,046.61 |
| Accountspayable | |||
| Ofwhich:USD | 31,338,417.26 | 6.4601 | 202,449,309.34 |
| EGP | 8,551,828.67 | 0.4125 | 3,527,629.33 |
| Item | Endingforeigncurrencybalance | Exchangerate | EndingbalanceconvertedtoRMB |
| HKD | 21,887,742.19 | 0.8321 | 18,212,790.28 |
| Otherpayables | |||
| Ofwhich:USD | 3,036,214.29 | 6.4601 | 19,614,247.93 |
| EUR | 18,240.00 | 7.6862 | 140,196.29 |
| EGP | 942,604.30 | 0.4125 | 388,824.27 |
| HKD | 19,172,938.70 | 0.8321 | 15,953,802.29 |
| Interestpayable | |||
| Ofwhich:USD | 325,559.34 | 6.4601 | 2,103,145.89 |
(2)NotestoOverseasEntitiesThesignificantoverseasentitiesincludeHongKongKonka,KonkaElectricalAppliancesInternationalTrading,ChainKingdomMemoryTechnologies,KangjietongandJialiInternational.ThemainoverseasoperatingplaceisHongKong.TheCompany’srecordingcurrencyisHKDsincethemaincurrencyincirculationinHongKongisHKD.
68.GovernmentSubsidy
(1)BasicInformationonGovernmentSubsidy
| Category | Amount | Listeditems | Amountrecordedinthecurrentprofitorloss |
| Industrysupportfunds | 346,099,944.05 | Otherincome | 342,598,292.32 |
| Rewardsandsubsidies | 153,816,620.53 | Otherincome | 117,218,675.79 |
| Taxrebatesonsoftware | 6,085,265.89 | Otherincome | 6,085,265.89 |
| Landtaxrebates | 4,728,566.18 | Otherincome | 4,728,544.03 |
| Postsubsidies | 2,426,398.00 | Otherincome | 2,426,398.00 |
| SubsidiesforL/Cexports | 91,800.00 | Deferredincome/Otherincome | 91,800.00 |
| Total | 513,248,594.65 | 473,148,976.03 |
(2)ReturnofGovernmentSubsidyNosuchcasesintheReportingPeriod.
VII.ChangesofConsolidationScope
1.Disposalofsubsidiary
| Nameofthesubsidiary | Theequitydisposalprice | Equitydisposalproportion(%) | Methodofequitydisposal | Timeoflosingcontrol | Recognitionbasisforthetimeoflosingcontrolpower | Thedifferencesofenjoyednetassetsshareofthesubsidiaryincorrespondingconsolidatedstatementsofthedisposalpriceandthedisposalinvestment(RMB’0,000) |
| YantaiKangyun | 3,451.00 | 17.00 | Transfer | 2021-3-31 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 3,409.25 |
| ShenzhenKangxinProperty | 10,442.00 | 51.00 | Transfer | 2021-6-22 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 8,597.34 |
(Continued)
| Nameofthesubsidiary | Residualequityproportiononthedateoflosingcontrolpower(%) | Carryingvalueofresidualequityonthedateoflosingcontrolpower(RMB’0,000) | Fairvalueofresidualequityonthedateoflosingcontrolpower(RMB’0,000) | Gainsorlossesfromre-measurementofresidualequityatfairvalue(RMB’0,000) | Recognitionmethodandmainassumptionoffairvalueofresidualequityonthedateoflosingcontrolpower | Amountofothercomprehensiveincomerelatedtoformersubsidiariestransferredintoinvestmentprofitorloss(RMB’0,000) |
| YantaiKangyun | 34.00 | 83.50 | 6,902.00 | 6,818.50 | Evaluatedprice | |
| ShenzhenKangxinProperty |
2.ChangesinCombinationScopeforOtherReasons
（1）SubsidiariesEstablishedbytheCompanyinH12021
| Name | Registeredcapital | Shareholdingpercentage(%) | Timeandplaceofobtainingcontrolpower | Methodofobtaining |
| NantongHongdin | 30,000,000.00 | 100.00 | 2021-4-22 | Newlyestablished |
| ChuzhouKonka | 100,000,000.00 | 94.90 | 2021-6-28 | Newlyestablished |
| Xi'anHuasheng | 100,000,000.00 | 66.00 | 2021-3-4 | Newlyestablished |
| KonkaSoftElectronic | 100,000,000.00 | 95.00 | 2021-3-31 | Newlyestablished |
| KonkaHongyeElectronics | 100,000,000.00 | 90.10 | 2021-5-7 | Newlyestablished |
| KowinMemory(HongKong) | HKD10,000,000.00 | 100.00 | 2021-2-2 | Newlyestablished |
| IndustrialandTradeTechnology | 50,000,000.00 | 100.00 | 2021-2-7 | Newlyestablished |
| KonkaHuazhong | 30,000,000.00 | 100.00 | 2021-6-9 | Newlyestablished |
| YibinKangrunMedical | 50,000,000.00 | 82.19 | 2021-3-26 | Newlyestablished |
| YibinKangrunEnvironmentalProtection | 76,000,000.00 | 53.69 | 2021-4-21 | Newlyestablished |
| KangrunchengEnvironmentalTechnology | 10,000,000.00 | 26.01 | 2021-3-8 | Newlyestablished |
| ShaanxiKonkaIntelligent | 120,000,000.00 | 51.00 | 2021-3-5 | Newlyestablished |
| KangxinSemiconductor | 70,000,000.00 | 100.00 | 2021-6-11 | Newlyestablished |
（2）Thesituationofthecompany'scancellationofthedistributionofremainingassetsofthesubsidiaryinH12021
| Name | Registeredcapital | Shareholdingpercentage(%) | Liquidationcompletiontime |
| ChongqingKangleiOptoelectronic | 50,000,000.00 | 51.00 | 2021-4-7 |
| HenanKangxinProperty | 50,000,000.00 | 51.00 | 2021-5-18 |
VIII.EquityinOtherEntities
1.EquityinSubsidiary
(1)Subsidiaries
| Serialnumber | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Wayofgaining |
| Directly | Indirectly | ||||||
| 1 | ElectronicsTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Manufacturingindustry | 100 | Establishmentorinvestment | |
| 2 | AnhuiZhilian | Anhui,Chuzhou | Anhui,Chuzhou | Electroniccommerce | 100 | Establishmentorinvestment | |
| 3 | HaimenKonka | Jiangsu,Nantong | Jiangsu,Nantong | Wholesaleandretailindustry | 100 | Establishmentorinvestment | |
| 4 | ChengduKonkaSmart | Sichuan,Chengdu | Sichuan,Chengdu | Wholesaleandretailindustry | 100 | Establishmentorinvestment | |
| 5 | ChengduKonkaElectronic | Sichuan,Chengdu | Sichuan,Chengdu | Manufacturingindustry | 100 | Establishmentorinvestment | |
| 6 | Youzhihui | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwareandinformationtechnologyservice | 100 | Establishmentorinvestment | |
| 7 | XiaojiaTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Retailindustry | 100 | Establishmentorinvestment | |
| 8 | LiaoyangKangshunSmart | Liaoning,Liaoyang | Liaoning,Liaoyang | Wholesaleindustry | 100 | Establishmentorinvestment | |
| 9 | LiaoyangKangshunRenewable | Liaoning,Liaoyang | Liaoning,Liaoyang | Comprehensiveutilizationofwasteresourcesindustry | 100 | Establishmentorinvestment | |
| 10 | NanjingKonka | Jiangsu,Nanjing | Jiangsu,Nanjing | Wholesaleindustry | 100 | Establishmentorinvestment | |
| 11 | XingDaHongYe | Guangdong,Zhongshan | Guangdong,Zhongshan | Manufacturingindustry | 51 | Establishmentorinvestment | |
| 12 | ShanghaiXinfeng | Shanghai | Shanghai | Commerce | 51 | Establishmentorinvestment | |
| 13 | KonkaCircuit | Guangdong,Shenzhen | Guangdong,Shenzhen | Investmentholding | 100 | Establishmentorinvestment | |
| 14 | BoluoPrecision | Guangdong,Boluo | Guangdong,Boluo | Manufacturingindustry | 100 | Establishmentorinvestment | |
| 15 | BoluoKonka | Guangdong,Boluo | Guangdong,Boluo | Manufacturingindustry | 100 | Establishmentorinvestment | |
| 16 | XiamenDalong | Fujian,Xiamen | Fujian,Xiamen | Commerce | 69.23 | Establishmentor |
| Serialnumber | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | ||||||
| investment | |||||||
| 17 | AnhuiTongchuang | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturingindustry | 100 | Establishmentorinvestment | |
| 18 | JiangsuKonkaSmart | Jiangsu,Changzhou | Jiangsu,Changzhou | Electricalmachineryandequipmentmanufacturing | 51 | Establishmentorinvestment | |
| 19 | AnhuiElectricalAppliance | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturingindustry | 51 | Establishmentorinvestment | |
| 20 | FrestecRefrigeration | Henan,Xinxiang | Henan,Xinxiang | Manufacturingindustry | 51 | Establishmentorinvestment | |
| 21 | FrestecElectricalAppliances | Henan,Xinxiang | Henan,Xinxiang | Manufacturingindustry | 51 | Establishmentorinvestment | |
| 22 | FrestecHouseholdAppliances | Henan,Xinxiang | Henan,Xinxiang | Manufacturingindustry | 51 | Establishmentorinvestment | |
| 23 | FrestecSmartHome | Henan,Xinxiang | Henan,Xinxiang | Retailindustry | 51 | Establishmentorinvestment | |
| 24 | KonkaInvestment | Guangdong,Shenzhen | Guangdong,Shenzhen | Capitalmarketsservice | 100 | Establishmentorinvestment | |
| 25 | YibinKonkaTechnologyPark | Sichuan,Yibin | Sichuan,Yibin | Industrialparkdevelopmentandoperationmanagement | 100 | Establishmentorinvestment | |
| 26 | KonkaCapital | Guangdong,Shenzhen | Guangdong,Shenzhen | Capitalmarketsservice | 100 | Establishmentorinvestment | |
| 27 | IndustrialParkDevelopment | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservice | 51 | Establishmentorinvestment | |
| 28 | KonkaSuiyong | Guangdong,Shenzhen | Guangdong,Shenzhen | Investmentinindustry,commercialinformationconsultancyandinvestmentadvisor | 51 | Establishmentorinvestment | |
| 29 | KangquanEnterprise | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservice | 51 | Establishmentorinvestment | |
| 30 | KonkaSuyuan | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservice | 51 | Establishmentorinvestment | |
| Serialnumber | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | ||||||
| 31 | ShengxingIndustrial | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservice | 51 | Establishmentorinvestment | |
| 32 | ZhitongTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwareandinformationtechnologyservice | 51 | Establishmentorinvestment | |
| 33 | KonkaFactoring | Guangdong,Shenzhen | Guangdong,Shenzhen | Insuranceagents(non-bankfinance) | 100 | Establishmentorinvestment | |
| 34 | BeijingKonkaElectronic | Beijing | Beijing | Saleofhomeappliance | 100 | Establishmentorinvestment | |
| 35 | KonkaLeasing | TianjinPilotFreeTradeZone | TianjinPilotFreeTradeZone | Leasingindustry | 100 | Establishmentorinvestment | |
| 36 | SuiningKonkaIndustrialPark | Sichuan,Suining | Sichuan,Suining | Industrialparkdevelopmentandoperationmanagement | 100 | Establishmentorinvestment | |
| 37 | SuiningElectronicTechnologicalInnovation | Sichuan,Suining | Sichuan,Suining | Commercialservice | 100 | Establishmentorinvestment | |
| 38 | ShanghaiKonka | Shanghai | Shanghai | Realestateindustry | 100 | Establishmentorinvestment | |
| 39 | YantaiKangjin | Shandong,Yantai | Shandong,Yantai | Realestateindustry | 62.80 | Establishmentorinvestment | |
| 40 | MobileInterconnection | Guangdong,Shenzhen | Guangdong,Shenzhen | Commerce | 100 | Establishmentorinvestment | |
| 41 | SichuanKonka | Sichuan,Yibin | Sichuan,Yibin | Manufacturingindustry | 100 | Establishmentorinvestment | |
| 42 | YibinSmart | Sichuan,Yibin | Sichuan,Yibin | Informationservice | 100 | Establishmentorinvestment | |
| 43 | ShenzhenKONSEMI | Guangdong,Shenzhen | Guangdong,Shenzhen | Semi-conductor | 100 | Establishmentorinvestment | |
| 44 | ChongqingKonka | Chongqing | Chongqing | Softwareandinformationtechnologyservice | 100 | Establishmentorinvestment | |
| 45 | HefeiKONSEMI | Anhui,Hefei | Anhui,Hefei | Designofintegratedcircuit | 51 | Establishmentor | |
| Serialnumber | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | ||||||
| investment | |||||||
| 46 | YiheElectronic | Anhui,Hefei | Anhui,Hefei | Wholesaleindustry | 51 | Establishmentorinvestment | |
| 47 | ShenzhenHuiyingTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Wholesaleindustry | 51 | Establishmentorinvestment | |
| 48 | ChongqingHuiyingTechnology | Chongqing | Chongqing | Computer,communicationsandotherelectronicequipmentmanufacturing | 51 | Establishmentorinvestment | |
| 49 | KowinMemory(Shenzhen) | Guangdong,Shenzhen | Guangdong,Shenzhen | Computer,communicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
| 50 | KonkaXinyunSemiconductor | Jiangsu,Yancheng | Jiangsu,Yancheng | Computer,communicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
| 51 | ShenzhenNianhua | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservice | 100 | Establishmentorinvestment | |
| 52 | Wankaida | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwaredevelopment | 100 | Establishmentorinvestment | |
| 53 | ShenzhenChuangzhiElectricalAppliances | Guangdong,Shenzhen | Guangdong,Shenzhen | Wholesaleindustry | 100 | Establishmentorinvestment | |
| 54 | SuiningJiarunProperty | Sichuan,Suining | Sichuan,Suining | Realestateindustry | 100 | Establishmentorinvestment | |
| 55 | KonkaElectricalAppliances | Guangdong,Shenzhen | Guangdong,Shenzhen | Manufacturingindustry、Commerce | 100 | Establishmentorinvestment | |
| 56 | E2info | Guangdong,Shenzhen | Guangdong,Shenzhen | Informationservice | 95.78 | Establishmentorinvestment | |
| 57 | E2info(Hainan) | Hainan,Haikou | Hainan,Haikou | Informationservice | 95.78 | Establishmentorinvestment | |
| Serialnumber | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | ||||||
| 58 | AnhuiKonka | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturingindustry | 78 | Establishmentorinvestment | |
| 59 | KangzhiTrade | Anhui,Chuzhou | Anhui,Chuzhou | Wholesaleindustry | 78 | Establishmentorinvestment | |
| 60 | TelecommunicationTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Manufacturingindustry | 75 | 25 | Establishmentorinvestment |
| 61 | KonkaMobility | China,HongKong | China,HongKong | Manufacturingindustry | 100 | Establishmentorinvestment | |
| 62 | DongguanPacking | Guangdong,Dongguan | Guangdong,Dongguan | Manufacturingindustry | 75 | 25 | Establishmentorinvestment |
| 63 | DongguanKonka | Guangdong,Dongguan | Guangdong,Dongguan | Manufacturingindustry | 75 | 25 | Establishmentorinvestment |
| 64 | SuiningKonkaSmart | Sichuan,Suining | Sichuan,Suining | Wholesaleindustry | 100 | Establishmentorinvestment | |
| 65 | ChongqingOptoelectronicTechnologyResearchInstitute | Chongqing | Chongqing | Researchandexperimentaldevelopment | 75 | Establishmentorinvestment | |
| 66 | YibinKangrun | Sichuan,Yibin | Sichuan,Yibin | Retailindustry | 67 | 16.83 | Establishmentorinvestment |
| 67 | NingboKhrElectricAppliance | Zhejiang,Ningbo | Zhejiang,Ningbo | Electricalmachineryandequipmentmanufacturing | 60 | Establishmentorinvestment | |
| 68 | JiangxiKonka | Jiangxi,Jiujiang | Jiangxi,Jiujiang | Manufacturingandprocessing | 51 | Establishmentorinvestment | |
| 69 | JiangsuKonkaSpecialMaterial | Jiangsu,Yancheng | Jiangsu,Yancheng | Wholesaleindustry | 51 | Establishmentorinvestment | |
| 70 | XinfengMicrocrystalline | Jiangxi,Nanchang | Jiangxi,Nanchang | Manufacturingandprocessing | 51 | Establishmentorinvestment | |
| 71 | KonkaHuanjia | Liaoning,Dalian | Liaoning,Dalian | Renewableresourcesprocessingtrade | 51 | Establishmentorinvestment | |
| 72 | KonkaHuanjia | Henan, | Henan, | Technologypromotion | 51 | Establishme | |
| Serialnumber | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | ||||||
| (Henan) | Lankao | Lankao | andapplicationserviceindustry | ntorinvestment | |||
| 73 | EconTechnology | Shandong,Yantai | Shandong,Yantai | Environmentaltechnologyserviceindustry | 51 | Establishmentorinvestment | |
| 74 | EconEnvironmentalEngineering | Sichuan,Chengdu | Sichuan,Chengdu | Environmentaltechnologyserviceindustry | 51 | Establishmentorinvestment | |
| 75 | BeijingEcon | Beijing | Beijing | Environmentaltechnologyserviceindustry | 51 | Establishmentorinvestment | |
| 76 | BinzhouEconZhongke | Shandong,Binzhou | Shandong,Binzhou | Environmentaltechnologyserviceindustry | 51 | Establishmentorinvestment | |
| 77 | DayiKangrunWater | Sichuan,Chengdu | Sichuan,Chengdu | Environmentaltechnologyserviceindustry | 51 | Establishmentorinvestment | |
| 78 | TingyuanEnvironmental | Shanghai | Shanghai | Researchandexperimentaldevelopment | 51 | Establishmentorinvestment | |
| 79 | ShanghaiJiyi | Shanghai | Shanghai | Environmentaltechnologyserviceindustry | 51 | Establishmentorinvestment | |
| 80 | KangrunhongEnvironmental | Shandong,Yantai | Shandong,Yantai | Environmentaltechnologyserviceindustry | 51 | Establishmentorinvestment | |
| 81 | DonggangKangrun | Liaoning,Dandong | Liaoning,Dandong | Environmentaltechnologyserviceindustry | 50.70 | Establishmentorinvestment | |
| 82 | GaopingKangrun | Shanxi,Jincheng | Shanxi,Jincheng | Environmentalprotectionandenvironmentmanagement | 48.45 | Establishmentorinvestment | |
| 83 | Xi’anKangrun | Shaanxi,Xi’an | Shaanxi,Xi’an | Environmentalprotectionandenvironmentmanagement | 48.45 | Establishmentorinvestment | |
| 84 | ChangningKangrun | Hunan,Hengyang | Hunan,Hengyang | Waterproductionandsupplyindustry | 45.89 | Establishmentorinvestment | |
| 85 | LushanKangrunEnvironmental | Henan,Pingdingshan | Henan,Pingdingshan | Environmentalprotectionandenvironmentmanagement | 45.44 | Establishmentorinvestment | |
| Serialnumber | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | ||||||
| 86 | TongchuanKangrunHonghui | Shaanxi,Tongchuan | Shaanxi,Tongchuan | Environmentalprotectionandenvironmentmanagement | 45.39 | Establishmentorinvestment | |
| 87 | RushanEcon | Shandong,Weihai | Shandong,Weihai | Environmentaltechnologyserviceindustry | 44.37 | Establishmentorinvestment | |
| 88 | MengchengKangrun | Anhui,Bozhou | Anhui,Bozhou | WaterConservancyManagementIndustry | 43.35 | Establishmentorinvestment | |
| 89 | ChongzhouKangrun | Sichuan,Chongzhou | Sichuan,Chongzhou | Environmentalprotectionandenvironmentmanagement | 42.67 | Establishmentorinvestment | |
| 90 | SuiningPengxiKangrun | Sichuan,Suining | Sichuan,Suining | Environmentaltechnologyserviceindustry | 40.75 | Establishmentorinvestment | |
| 91 | FunanKangrunWater | Anhui,Fuyang | Anhui,Fuyang | Environmentalprotectionandenvironmentmanagement | 40.55 | Establishmentorinvestment | |
| 92 | SubeiKangrunWater | Gansu,Jiuquan | Gansu,Jiuquan | Environmentaltechnologyserviceindustry | 39.78 | Establishmentorinvestment | |
| 93 | LinfenKangrun | Shanxi,Linfen | Shanxi,Linfen | Waterproductionandsupplyindustry | 39.24 | Establishmentorinvestment | |
| 94 | WuhanRunyuanWastewater | Hubei,Wuhan | Hubei,Wuhan | Environmentalprotectionandenvironmentmanagement | 35.70 | Establishmentorinvestment | |
| 95 | BinzhouWeiyijie | Shandong,Binzhou | Shandong,Binzhou | Environmentaltechnologyserviceindustry | 35.70 | Establishmentorinvestment | |
| 96 | BinzhouBeihaiJingmai | Shandong,Binzhou | Shandong,Binzhou | Environmentaltechnologyserviceindustry | 24.99 | Establishmentorinvestment | |
| 97 | Chunzhiran | Shandong,Yantai | Shandong,Yantai | Environmentaltechnologyserviceindustry | 35.70 | Establishmentorinvestment | |
| 98 | LairunHolding | Shandong,Yantai | Shandong,Yantai | Environmentaltechnologyserviceindustry | 30.60 | Establishmentorinvestment | |
| 99 | BinhaiWastewater | Shandong, | Shandong, | Environmental | 30.60 | Establishme | |
| Serialnumber | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | ||||||
| Yantai | Yantai | technologyserviceindustry | ntorinvestment | ||||
| 100 | LairunEnvironmentalProtection | Shandong,Yantai | Shandong,Yantai | Environmentaltechnologyserviceindustry | 27.54 | Establishmentorinvestment | |
| 101 | LairunWastewater | Shandong,Yantai | Shandong,Yantai | Environmentalprotectionandenvironmentmanagement | 24.14 | Establishmentorinvestment | |
| 102 | XixianKangrun | Shaanxi,XixianNewArea | Shaanxi,XixianNewArea | PublicFacilitiesManagementIndustry | 26.01 | Establishmentorinvestment | |
| 103 | AnkangKangrun | Shaanxi,Ankang | Shaanxi,Ankang | Environmentalprotectionandenvironmentmanagement | 26.01 | Establishmentorinvestment | |
| 104 | BokangRenewable | Shandong,Yantai | Shandong,Yantai | Internetandrelatedservices | 26.01 | Establishmentorinvestment | |
| 105 | PengrunTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Retailindustry | 51 | Establishmentorinvestment | |
| 106 | JiaxinTechnology | China,HongKong | China,HongKong | Retailindustry | 51 | Establishmentorinvestment | |
| 107 | KonkaRonghe | Zhejiang,Jiaxing | Zhejiang,Jiaxing | Wholesaleandretailindustry | 51 | Establishmentorinvestment | |
| 108 | ChongqingKangxingrui | Chongqing | Chongqing | Recycling,processingandsalesofrenewableresources | 51 | Establishmentorinvestment | |
| 109 | ChongqingKangxingruiAutomobileRecycling | Chongqing | Chongqing | Dismantlingandutilizationofscrappedcars | 51 | Establishmentorinvestment | |
| 110 | KonkaUnifortune | Guangdong,Shenzhen | Guangdong,Shenzhen | Retailindustry | 51 | Establishmentorinvestment | |
| 111 | JialiInternational | China,HongKong | China,HongKong | Retailindustry | 51 | Establishmentorinvestment | |
| 112 | Kangjiatong | Sichuan,Yibin | Sichuan,Yibin | Serviceindustry | 51 | Establishmentorinvestment | |
| Serialnumber | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | ||||||
| 113 | Kanghong(Yantai)Environmental | Shandong,Yantai | Shandong,Yantai | Comprehensiveutilizationofwasteresourcesindustry | 51 | Establishmentorinvestment | |
| 114 | Jiangkang(Shanghai)Technology | Shanghai | Shanghai | Researchandexperimentaldevelopment | 51 | Establishmentorinvestment | |
| 115 | KonkaIntelligentManufacturing | Guangdong,Shenzhen | Guangdong,Shenzhen | Researchandexperimentaldevelopment | 51 | Establishmentorinvestment | |
| 116 | YantaiLaikang | Shandong,Yantai | Shandong,Yantai | Commercialservice | 51 | Establishmentorinvestment | |
| 117 | KonkaMaterial | Hainan,Haikou | Hainan,Haikou | Commercialservice | 51 | Establishmentorinvestment | |
| 118 | KonkaVentures | Guangdong,Shenzhen | Guangdong,Shenzhen | Otherorganizationmanagementservices | 51 | Establishmentorinvestment | |
| 119 | YibinKonkaIncubator | Sichuan,Yibin | Sichuan,Yibin | Commercialservice | 51 | Establishmentorinvestment | |
| 120 | YantaiKonka | Shandong,Yantai | Shandong,Yantai | Otherprofessionalconsultationandinvestigation | 51 | Establishmentorinvestment | |
| 121 | ChengduAnren | Sichuan,Chengdu | Sichuan,Chengdu | Commercialservice | 51 | Establishmentorinvestment | |
| 122 | KonkaEnterpriseService | Guizhou,Guiyang | Guizhou,Guiyang | CorporateHeadquartersManagement | 51 | Establishmentorinvestment | |
| 123 | ChuanghuiSmart | Jiangsu,Nanjing | Jiangsu,Nanjing | EntrepreneurshipSpaceService | 40.80 | Establishmentorinvestment | |
| 124 | KonkaEco-Development | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservice | 51 | Establishmentorinvestment | |
| 125 | KonkaEurope | Germany,Frankfurt | Germany,Frankfurt | Internationalcommerce | 100 | Establishmentorinvestment | |
| 126 | HongKongKonka | China,HongKong | China,HongKong | Internationalcommerce | 100 | Establishmentorinvestment | |
| 127 | HongdinTrading | China,HongKong | China,HongKong | Internationalcommerce | 100 | Establishmentor | |
| Serialnumber | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | ||||||
| investment | |||||||
| 128 | KonkaNorthAmerica | America,California | America,California | Internationalcommerce | 100 | Establishmentorinvestment | |
| 129 | KanghaoTechnology | Egypt,Cairo | Egypt,Cairo | Internationalcommerce | 67 | Establishmentorinvestment | |
| 130 | HongdinInvest | China,HongKong | China,HongKong | Investmentholding | 100 | Establishmentorinvestment | |
| 131 | ChainKingdomMemoryTechnologies | China,HongKong | China,HongKong | Internationalcommerce | 51 | Establishmentorinvestment | |
| 132 | ChainKingdomMemoryTechnologies(Shenzhen) | Guangdong,Shenzhen | Guangdong,Shenzhen | Wholesaleindustry | 51 | Establishmentorinvestment | |
| 133 | HefeiChainKingdomMemoryTechnologies | Anhui,Hefei | Anhui,Hefei | Informationservice | 51 | Establishmentorinvestment | |
| 134 | KonkaSmartech | China,HongKong | China,HongKong | Internationalcommerce | 61 | Establishmentorinvestment | |
| 135 | Hongjet | China,HongKong | China,HongKong | Serviceindustry | 51 | Establishmentorinvestment | |
| 136 | NantongHongdin | Jiangsu,Nantong | Jiangsu,Nantong | Computer,communicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
| 137 | ChuzhouKonka | Anhui,Chuzhou | Anhui,Chuzhou | Non-metallicmineralproductsindustry | 94.90 | Establishmentorinvestment | |
| 138 | Xi'anHuasheng | Shaanxi,Xi’an | Shaanxi,Xi’an | Realestateindustry | 66 | Establishmentorinvestment | |
| 139 | KonkaSoftElectronic | Sichuan,Suining | Sichuan,Suining | Specialequipmentmanufacturingindustry | 95 | Establishmentorinvestment | |
| 140 | KonkaHongyeElectronics | Sichuan,Suining | Sichuan,Suining | Specialequipmentmanufacturingindustry | 90.10 | Establishmentorinvestment | |
| Serialnumber | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | ||||||
| 141 | KowinMemory(HongKong) | China,HongKong | China,HongKong | Computer,communicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
| 142 | IndustrialandTradeTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Wholesaleindustry | 100 | Establishmentorinvestment | |
| 143 | KonkaHuazhong | Hunan,Changsha | Hunan,Changsha | Technologypromotionandapplicationserviceindustry | 100 | Establishmentorinvestment | |
| 144 | YibinKangrunMedical | Sichuan,Yibin | Sichuan,Yibin | Environmentalprotectionandenvironmentmanagement | 82.19 | Establishmentorinvestment | |
| 145 | YibinKangrunEnvironmentalProtection | Sichuan,Yibin | Sichuan,Yibin | Researchandexperimentaldevelopment | 53.69 | Establishmentorinvestment | |
| 146 | JiangxiHighTransparentSubstrate | Jiangxi,Jiujiang | Jiangxi,Jiujiang | Manufacturingandprocessing | 51.00 | Establishmentorinvestment | |
| 147 | WeifangSihaiKangrun | Shandong,Weifang | Shandong,Weifang | Environmentaltechnologyserviceindustry | 32.09 | Establishmentorinvestment | |
| 148 | KangrunchengEnvironmentalTechnology | Shandong,Yantai | Shandong,Yantai | Commercialservice | 26.01 | Establishmentorinvestment | |
| 149 | ShaanxiKonkaIntelligent | Shaanxi,Xi’an | Shaanxi,Xi’an | Electricalmachineryandequipmentmanufacturing | 51.00 | Establishmentorinvestment | |
| 150 | KangxinSemiconductor | Shandong,Yantai | Shandong,Yantai | Computer,communicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
Note:TheindirectshareholdingoftheCompanyshallbethepenetrationratioofthesubsidiaryenjoyedbytheCompanyattheconsolidationlevel,andbelongstothefinalequityshareofthesubsidiaryenjoyedbytheCompany.
(2)SignificantNon-wholly-ownedSubsidiary
| Name | Shareholdingproportionofnon-contr | Theprofitorlossattributabletothenon-controllinginterests | Declaringdividendsdistributedtonon-controllinginterests | Balanceofnon-controllinginterestsattheperiod-end |
| ollinginterests(%) | ||||
| EconTechnology | 49.00% | 69,943,521.22 | 1,099,227,297.92 | |
| ChainKingdomMemoryTechnologies | 49.00% | 5,832,692.06 | 66,139,968.40 |
(3)TheMainFinancialInformationofSignificantNotWholly-ownedSubsidiary
| Name | Endingbalance | |||||
| Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliability | Totalliabilities | |
| EconTechnology | 5,477,220,513.79 | 9,465,339,087.97 | 14,942,559,601.76 | 8,785,637,395.05 | 4,447,674,810.71 | 13,233,312,205.76 |
| ChainKingdomMemoryTechnologies | 1,146,313,795.10 | 1,601,639.67 | 1,147,915,434.77 | 1,011,442,224.13 | 1,493,683.30 | 1,012,935,907.43 |
(Continued)
| Name | Beginningbalance | |||||
| Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliability | Totalliabilities | |
| EconTechnology | 4,462,132,589.77 | 8,755,726,357.81 | 13,217,858,947.58 | 8,703,704,732.25 | 2,962,052,834.96 | 11,665,757,567.21 |
| ChainKingdomMemoryTechnologies | 1,207,762,181.65 | 151,871.86 | 1,207,914,053.51 | 1,084,837,979.38 | 1,084,837,979.38 | |
(Continued)
| Name | ReportingPeriod | |||
| Operatingrevenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
| EconTechnology | 987,086,128.04 | 128,453,230.52 | 128,453,230.52 | -634,712,360.70 |
| ChainKingdomMemoryTechnologies | 3,756,519,723.85 | 13,367,681.89 | 11,903,453.19 | 80,536,781.65 |
(Continued)
| Name | Sameperiodoflastyear | |||
| Operatingrevenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
| EconTechnology | 725,770,854.14 | 96,019,839.22 | 96,019,839.22 | -189,595,823.45 |
| ChainKingdomMemoryTechnologies | 1,974,917,750.88 | 12,234,256.61 | 14,102,950.22 | -134,524,608.11 |
2.Changesintheshareofowners'equityinsubsidiariesthisperiodhavenoimpactonequity.
3.EquityinJointVenturesorAssociatedEnterprises
(1)SignificantJointVenturesorAssociatedEnterprises
| Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Holdingpercentage(%) | Accountingtreatmentoftheinvestmenttojointventureorassociatedenterprise | |
| Directly | Indirectly | |||||
| DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | Zhuhai | Zhuhai | Investmentmanagement | 49.95 | Equitymethod | |
| ShenzhenJielunteTechnologyCo.,Ltd. | Shenzhen | Shenzhen | ElectronicEquipmentManufacturing | 42.79 | Equitymethod | |
(2)MainFinancialInformationofSignificantAssociatedEnterprise
| Item | Endingbalance/ReportingPeriod | |
| DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | ShenzhenJielunteTechnologyCo.,Ltd. | |
| Currentassets | 681,199,562.63 | 252,917,231.01 |
| Non-currentassets | 222,436,194.89 | |
| Totalassets | 681,199,562.63 | 475,353,425.90 |
| Currentliabilities | 100,829.98 | 249,422,722.74 |
| Non-currentliability | 17,927,509.79 | |
| Totalliabilities | 100,829.98 | 267,350,232.53 |
| Equityofnon-controllinginterests | 9,141,304.07 | |
| EquityattributabletoshareholdersoftheCompanyastheparent | 681,098,732.65 | 198,861,889.30 |
| Bookvalueofequityinvestmentinassociatedenterprises | 335,505,835.19 | 91,163,534.11 |
| Operatingrevenue | 227,686,845.28 | |
| Financecosts | -281,006.45 | 2,748,106.23 |
| Incometaxexpense | -1,440,602.70 | |
| Netprofit | -28,114,379.69 | 3,684,846.93 |
| Netprofitfromdiscontinuedoperations | ||
| Othercomprehensiveincome | ||
| Totalcomprehensiveincome | -28,114,379.69 | 3,684,846.93 |
| Dividendsreceivedfromthejointventureinthecurrentperiod | ||
(Continued)
| Item | Beginningbalance/Sameperiodoflastyear | |
| DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | ShenzhenJielunteTechnologyCo.,Ltd. | |
| Currentassets | 686,710,061.46 | 271,865,221.76 |
| Non-currentassets | 227,090,375.33 | |
| Totalassets | 686,710,061.46 | 498,955,597.09 |
| Currentliabilities | 285,530.00 | 276,139,120.51 |
| Non-currentliability | 18,498,130.14 | |
| Totalliabilities | 285,530.00 | 294,637,250.65 |
| Equityofnon-controllinginterests | 10,008,858.78 | |
| EquityattributabletoshareholdersoftheCompanyastheparent | 686,424,531.46 | 194,309,487.66 |
| Bookvalueofequityinvestmentinassociatedenterprises | 336,170,619.84 | 89,187,905.40 |
| Operatingrevenue | 181,530,263.84 | |
| Financecosts | -74,102.12 | 1,715,621.18 |
| Incometaxexpense | -1,295,366.94 | |
| Netprofit | -4,629,057.58 | 3,589,222.29 |
| Netprofitfromdiscontinuedoperations | ||
| Othercomprehensiveincome | ||
| Totalcomprehensiveincome | -4,629,057.58 | 3,589,222.29 |
| Dividendsreceivedfromthejointventureinthecurrentperiod | ||
(3)SummaryFinancialInformationofInsignificantJointVenturesorAssociatedEnterprises
| Item | Endingbalance/ReportingPeriod | Beginningbalance/TheSameperiodoflastyear |
| Associatedenterprise: | ||
| Totalcarryingvalueofinvestment | 4,039,134,762.32 | 3,950,475,059.41 |
| Thetotaloffollowingitemsaccordingtotheshareholding | ||
| --Netprofit | 27,682,427.99 | 48,924,704.74 |
| --Othercomprehensiveincome | ||
| --Totalcomprehensiveincome | 27,682,427.99 | 48,924,704.74 |
IX.TheRiskRelatedtoFinancialInstrumentsTheCompany’smainfinancialinstrumentsincludeborrowings,accountsreceivable,accountspayable,tradingfinancialassetsandliabilities,etc.PleaserefertoNoteVIfordetaileddescriptionsofvariousfinancialinstruments.Risksrelatedtothesefinancialinstruments,andriskmanagementpoliciestheCompanyhasadoptedtoreducetheserisksaredescribedasfollows.TheCompanymanagementmanagesandmonitorstheriskexposureinordertoensuretheaboveriskstobecontrolledinalimitedscope.
1.VariousRiskManagementObjectivesandPoliciesThegoalsoftheCompanyengagedintheriskmanagementistoachievetheproperbalancebetweentherisksandbenefits,reducedthenegativeimpacttotheCompanyoperatingperformancerisktoaminimum,maximizedtheprofitsofshareholdersandotherequityinvestors.Basedontheriskmanagementgoal,thebasicstrategyoftheCompany'sriskmanagementis
determineandanalyzethevariousrisksfacedbytheCompany,setupthebottomlineofriskandconductedappropriateriskmanagement,andtimelysupervisedvariousrisksinareliablewayandcontrolledtheriskwithintherangeoflimit.（
）MarketRisk
）ForeignExchangeRiskForeignexchangeriskreferstotherisksthatmayleadtolossesduetofluctuationinexchangerate.TheforeignexchangeriskbornebytheCompanyisrelatedtoUSD.ExcepttheprocurementandsalesbyUSDforseveralsubsidiariesoftheCompany,theothermainbusinessesoftheCompanyweresettledbyRMB.TheforeignexchangerisksproducedbytheassetsandliabilitiesbalancemayaffectthebusinessperformanceoftheCompany.Asof30June2021,exceptfortheassetsorliabilitiesmentionedinthetablebelow,theassetsandliabilitiesoftheCompanyaremainlythebalanceofRMB.
| Item | Period-end | Period-begin |
| Cashandcashequivalents | 84,160,593.16 | 95,989,561.32 |
| Accountsreceivable | 134,495,088.51 | 132,221,173.92 |
| Otherreceivables | 39,323,079.55 | 135,938,277.17 |
| Interestreceivables | 25,006.06 | |
| Short-termborrowings | 84,416,347.52 | 59,159,714.38 |
| Accountspayable | 31,338,417.26 | 42,417,352.11 |
| Otherpayables | 3,036,214.29 | |
| Interestpayable | 325,559.34 | 99,200.24 |
Thecompanypayscloseattentiontotheimpactofexchangeratechangesonthecompany'sforeignexchangerisk,andrequiresmajorcompaniesinthegroupthatpurchaseandsellinforeigncurrencytopayattentiontothechangesinforeigncurrencyassetsandliabilities,managethegroup'sforeigncurrencynetassetexposureinaunifiedway,implementsinglecurrencysettlement,andreducethescaleofforeigncurrencyassetsandliabilities,soastoreduceforeignexchangeriskexposure.2）InterestRateRiskInterestrateriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsarisingfromchangesinmarketinterestrates.Interest-bearingfinancialinstrumentswithfixedinterestratemaybringthefairvalueinterestraterisktotheCompany,whilethosewithfloatinginterestratemaybringthecashflowinterestraterisktotheCompany.TheCompanybearsinterestrateriskduetointerestratechangesofinterestbearingfinancialassetsandliabilities.TheCompany'sinterestbearingfinancialassetsaremainlybankdeposits,ofwhichthevariableinterestrateismostlyshort-term,whiletheinterestbearingfinancialliabilitiesaremainlybankloansandcorporatebonds.TheCompanywilldeterminetheproportionbetweenthefinancialinstrumentswithfixedinterestrateandthosewithfloatinginterestrateincombinationwithmarketenvironment,andmaintainanappropriateportfoliooffinancialinstrumentsthroughregularreviewandmonitoring.
（2）CreditRiskAsof30June2021,themaximumcreditriskexposurethatmaycausefinanciallossestotheCompanymainlycamefromlossesgeneratedfromtheCompany’sfinancialassetsduetofailureoftheotherpartyinacontracttoperformitsobligationsandthefinancialguaranteeundertakenbytheCompany,including:
Thecarryingamountoffinancialassetsrecognizedintheconsolidatedbalancesheet;forfinancialinstrumentsmeasuredatfairvalue,thebookvaluereflectstheirriskexposure,butnotthemaximumriskexposure,andthemaximumriskexposurewillchangewiththechangeoffuture
fairvalue.Inordertoreducecreditrisk,thecompanyhassetupagrouptodeterminethecreditlimit,conductcreditapproval,andimplementothermonitoringprocedurestoensurethatnecessarymeasuresaretakentorecoveroverdueclaims.Inaddition,thecompanyreviewstherecoveryofeachsinglereceivableoneachbalancesheetdatetoensurethatsufficientbaddebtprovisionismadefortheunrecoverableamount.Therefore,thecompany'smanagementbelievesthatthecompany'screditriskhasbeengreatlyreduced.Thecompany'sworkingcapitalisdepositedinbankswithhighcreditrating,sothecreditriskofworkingcapitalislow.TheCompanyhasadoptednecessarypoliciestoensurethatallcustomershavegoodcreditrecords.Exceptforthetopfivecustomersintermsoftheamountofaccountsreceivable,theCompanyhasnoothermajorcreditconcentrationrisk.ForthefinancialassetsoftheCompanythathavebeenindividuallyimpaired,pleasereferto4.AccountsReceivableand7.OtherReceivablesinNoteVI.
（3）LiquidityRiskLiquidityriskreferstotheriskthatthecompanyisunabletofulfillitsfinancialobligationsontheduedate.TheCompanymanagesliquidityriskinthemethodofensuringthatthereissufficientliquiditytofulfilldebtobligationswithoutcausingunacceptablelossordamagetotheCompany’sreputation.Inordertomitigatetheliquidityrisk,themanagementofthecompanyhascarriedoutadetailedinspectionontheliquidityofthecompany,includingthematurityofaccountspayableandotherpayables,bankcreditlineandbondfinancing.Theconclusionisthatthecompanyhassufficientfundstomeettheneedsofthegroup'sshort-termdebtandcapitalexpenditure.TheanalysisofthefinancialassetsandfinancialliabilitiesheldbytheCompanybasedonthematurityperiodoftheundiscountedremainingcontractualobligationsisasfollows:
Amounton30June2021:
| Item | Within1year | 1to2years | 2to5years | Over5years | Total |
| Financialassets | |||||
| Monetaryassets | 5,808,945,725.97 | 5,808,945,725.97 | |||
| Held-for-tradingfinancialassets | |||||
| Notesreceivable | 1,517,173,391.11 | 1,517,173,391.11 | |||
| Accountsreceivable | 3,055,810,084.71 | 1,042,056,711.94 | 451,497,541.94 | 226,688.00 | 4,549,591,026.59 |
| Otherreceivables | 862,955,713.01 | 1,018,989,394.31 | 114,338,151.50 | 6,387,673.20 | 2,002,670,932.02 |
| Long-termreceivables | 29,003,761.31 | 29,269,369.45 | 10,430,400.00 | 350,937,230.14 | 419,640,760.90 |
| Othercurrentassets | 2,245,900,952.01 | 2,245,900,952.01 | |||
| Financialliabilities | |||||
| Short-termborrowings | 10,660,328,520.00 | 10,660,328,520.00 | |||
| Notespayable | 1,084,027,559.56 | 1,084,027,559.56 | |||
| Accountspayable | 8,606,110,762.20 | 1,054,960,597.01 | 170,805,589.48 | 10,677,793.63 | 9,842,554,742.32 |
| Otherpayables | 1,371,441,277.41 | 103,585,634.52 | 132,327,996.97 | 39,396,443.29 | 1,646,751,352.19 |
| Payrollpayable | 231,185,917.73 | 231,185,917.73 | |||
| Currentportionofnon-currentliabilities | 4,327,184,538.69 | 4,327,184,538.69 | |||
| Long-termborrowings | 2,090,919,000.00 | 2,291,060,000.00 | 1,241,847,132.95 | 4,348,118,015.53 | 9,971,944,148.48 |
| Bondspayable | 2,000,000,000.00 | 1,497,019,129.95 | 1,495,689,203.37 | 4,992,708,333.32 | |
| Long-termpayables | 209,741,731.57 | 173,347,183.69 | 270,587,154.51 | 28,000,000.00 | 681,676,069.77 |
2.SensitivityAnalysisTheCompanyadoptssensitivityanalysistechnologytoanalyzethepossibleimpactofreasonableandpossiblechangesofriskvariablesoncurrentprofits/lossesorshareholders’equity.Asanyriskvariablerarelychangesinisolation,andthecorrelationbetweenvariableswillhaveasignificanteffectonthefinalimpactamountofthechangeofariskvariable,thefollowingcontentisbasedontheassumptionthatthechangeofeachvariableisindependent.
（1）SensitivityanalysisofforeignexchangeriskAssumptionforthesensitivityofforeignexchangerisk:Allnetinvestmenthedgingandcashflowhedgingofoverseasoperationsarehighlyeffective.Onthebasisoftheaboveassumption,undertheconditionthatothervariablesremainunchanged,theimpactofreasonablechangesintheexchangerateoncurrentprofits/lossesandequityaftertaxisasfollows:
| Item | Changeintheexchangerate | 30June2021 | |
| Impactonnetprofit | Impactonshareholders’equity | ||
| USD | Appreciationof1%againstRMB | 7,506,084.49 | 4,800,223.85 |
| USD | Depreciationof1%againstRMB | -7,506,084.49 | -4,800,223.85 |
X.TheDisclosureofFairValue
1.EndingFairValueofAssetsandLiabilitiesatFairValue
| Item | Endingfairvalue | |||
| Fairvaluemeasurementitemsatlevel1 | Fairvaluemeasurementitemsatlevel2 | Fairvaluemeasurementitemsatlevel3 | Total | |
| I.Consistentfairvaluemeasurement | ||||
| (I)Tradingfinancialassets | ||||
| (II)Accountsreceivablefinancing | 111,375,140.87 | 111,375,140.87 | ||
| (III)Investmentinotherdebtobligations | ||||
| (IV)Otherequityinstrumentinvestment | 25,343,293.16 | 25,343,293.16 | ||
| (V)Othernon-currentfinancialassets | 2,041,635,385.92 | 2,041,635,385.92 | ||
| Totalassetsofconsistentfairvaluemeasurement | 111,375,140.87 | 2,066,978,679.08 | 2,178,353,819.95 | |
| Totalliabilitiesofconsistentfairvaluemeasurement | ||||
| Totalassetsofinconsistentfairvaluemeasurement | ||||
| Totalliabilitiesofinconsistentfairvalue | ||||
| Item | Endingfairvalue | |||
| Fairvaluemeasurementitemsatlevel1 | Fairvaluemeasurementitemsatlevel2 | Fairvaluemeasurementitemsatlevel3 | Total | |
| measurement | ||||
2.BasisforDeterminingtheMarketPricesofConsistentandInconsistentFairValueMeasurementItemsatLevel1InputvalueatLevel1istheunadjustedquotationintheactivemarketofthesameassetsorliabilitiesthatcanbeobtainedonthemeasurementdate.
3.ValuationTechniqueAdoptedandQualitativeandQuantitativeInformationofImportantParametersforConsistentandInconsistentFairValueMeasurementItemsatLevel2TheLevel2fairvaluemeasurementofinputvalueatLevel2istheinputvalueobservabledirectlyorindirectlyofrelevantassetsorliabilitiesexclusiveofinputvalueatLevel1.
4.ValuationTechniqueAdoptedandQualitativeandQuantitativeInformationofImportantParametersforConsistentandInconsistentFairValueMeasurementItemsatLevel3InputvalueatLevel3istheinputvalueunobservableofrelevantassetsorliabilities.XI.RelatedPartyandRelated-partyTransaction(I)RelationshipofRelatedParty
1.ControllingShareholderandtheUltimateController
(1)ControllingShareholderandtheUltimateController
| Name | Registrationplace | Nature | Registeredcapital | ShareholdingratiototheCompany(%) | VotingrightratiototheCompany(%) |
| OCTGroupCo.,Ltd. | Shenzhen | Tourism,realestate,electronicsindustry | RMB12billion | 29.999997 | 29.999997 |
Note:TheultimatecontrolleroftheCompanyisState-ownedAssetsSupervisorCommissionoftheStateCouncil.
(2)TheRegisteredCapitaloftheControllingShareholderanditsChanges
| Controllingshareholder | Beginningbalance | Increase | Decrease | Endingbalance |
| OCTGroupCo.,Ltd. | 12,000,000,000.00 | 12,000,000,000.00 |
(3)ControllingShareholders’SharesorEquityandtheirChanges
| Controllingshareholder | Shareholdingamount | Shareholdingratio(%) | ||
| Endingbalance | Beginningbalance | Percentageattheendof | Percentageatthebeginning | |
| OCTGroupCo.,Ltd. | 722,383,542.00 | 722,383,542.00 | 29.999997 | 29.999997 |
2.SubsidiaryRefertonoteVIII-1(1)Subsidiariesfortheinformationofsubsidiaries.
3.AssociatedEnterprisesandJointVenturesRefertoNoteVIII-3.(1)SignificantAssociatedEnterprisesfordetailsofsignificantassociatedenterprisesoftheCompany.InformationonotherjointventuresorassociatedenterprisesoccurringconnectedtransactionswiththeCompanyinReportingPeriod,orformingbalanceduetoconnectedtransactionsmadeinpreviousperiod:
| Name | RelationshipwiththeCompany |
| PuchuangJiakangTechnologyCo,Ltd. | Associatedenterprise |
| Name | RelationshipwiththeCompany |
| DongguanKonkaElectronicSmartTechnologyCo.,Ltd. | Associatedenterprise |
| AnhuiKaikaiSihjieE-commerceCo.,Ltd. | Associatedenterprise |
| ShenzhenJielunteTechnologyCo.,Ltd. | Associatedenterprise |
| ShenzhenKonkaE-displayCo.,Ltd. | Associatedenterprise |
| E3info(Hainan)TechnologyCo.,Ltd. | Associatedenterprise |
| WanjunTechnology(Kunshan)Co.,Ltd. | Associatedenterprise |
| ShenzhenKonkaInformationNetworkCo.,Ltd. | Associatedenterprise |
| HenanKonkaSmartElectricalApplianceCo.,Ltd. | Associatedenterprise |
| ShandongKonkaSmartElectricalApplianceCo.,Ltd. | Associatedenterprise |
| FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | Associatedenterprise |
| ShenzhenKonkaSmartElectricAppliancesTechnologyCo.,Ltd. | Associatedenterprise |
| ShenzhenYaodeTechnologyCo.,Ltd. | Associatedenterprise |
| HeilongjiangLongkangSmartElectricalApplianceCo.,Ltd. | Associatedenterprise |
| DongguanKonkaInvestmentCo.,Ltd. | Associatedenterprise |
| ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | Associatedenterprise |
| YantaiKangyunIndustryDevelopmentCo.,Ltd. | Associatedenterprise |
| ChongqingQingjiaElectronicsCo.,Ltd. | Associatedenterprise |
4.InformationonOtherRelatedParties
| Name | RelationshipwiththeCompany |
| YantaiKangyueInvestmentCo.,Ltd. | Subsidiaryofassociatedenterprise |
| ChongqingKonkaFuzeRealEstateCo.,Ltd. | Subsidiaryofassociatedenterprise |
| ChuzhouHanshangElectricApplianceCo.,Ltd. | Minorityshareholderofsubsidiary |
| HOHOELECTRICAL&FURNITURECO.,LIMITED | Minorityshareholderofsubsidiary |
| HandianGroupCo.,Ltd. | Minorityshareholderofsubsidiary |
| ShenzhenJinzhuIndustryCo.,Ltd | Minorityshareholderofsubsidiary |
| ShenzhenTradeLinkSupplyChainManagementCo.,Ltd. | Minorityshareholderofsubsidiary |
| AUJETINDUSTRYLIMITED | Minorityshareholderofsubsidiary |
| HuanjiaGroupCo.,Ltd | Minorityshareholderofsubsidiary |
| ChongqingLiangshanIndustrialInvestmentCo.,Ltd. | Minorityshareholderofsubsidiary |
| YantaiQingrunyuanEnterpriseManagementCenter(LimitedPartnership) | Minorityshareholderofsubsidiary |
| YantaiFengqingtaiInvestmentCenter(LimitedPartnership) | Minorityshareholderofsubsidiary |
| YantaiBaijiangyuanEnterpriseManagementCenter(LimitedPartnership) | Minorityshareholderofsubsidiary |
| Name | RelationshipwiththeCompany |
| ChongqingRuiyinRenewableResourcesCo.,Ltd. | Theultimatecontrolleroftheminorityshareholdersofthesubsidiary |
| ChongqingLvfengRenewableResourcesCo.,Ltd. | Thecompanycontrolledbytheultimatecontrolleroftheminorityshareholdersofthesubsidiary |
| Unifortune(HongKong)Co.,Ltd. | Companiescontrolledbyminorityshareholdersofsubsidiaries |
| DaiRongxing | Closefamilymembersofminorityshareholders |
| JiangxiMeijiEnterpriseCo.,Ltd. | Thecompanycontrolledbytheultimatecontrolleroftheminorityshareholdersofthesubsidiary |
(II)Related-partyTransactions
(1)Relatedtransactionsofpurchaseandsaleofgoods,provisionandacceptanceofservices
(1)Purchasinggoods/receivingservices
| Relatedparty | Content | ReportingPeriod | Sameperiodoflastyear |
| ChongqingLvfengRenewableResourcesCo.,Ltd. | Purchaseofgoods | 1,503,638,982.86 | |
| ChuzhouHanshangElectricApplianceCo.,Ltd. | Purchaseofgoods | 207,875,193.30 | 296,887,244.25 |
| ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesaswellasassociatedenterprises | Purchaseofgoods | 22,652,611.58 | 45,637,929.92 |
| ShenzhenKonkaE-displayCo.,Ltd. | Purchaseofgoods | 26,475,410.20 | 5,602,162.83 |
| OCTGroupCo.,Ltd.anditssubsidiariesandassociatedenterprises | Purchaseofservices | 23,801,411.18 | 16,952,626.55 |
| KoreaElectricGroupCo.,Ltd.anditssubsidiaries | Purchaseofgoods | 39,114,787.43 | 28,851,808.45 |
| PuchuangJiakangTechnologyCo,Ltd. | Purchaseofgoods | 163,541,409.57 | 184,681,510.44 |
| HOHOELECTRICAL&FURNITURECO.,LIMITED | Purchaseofgoods | 13,904,763.96 | 34,250,250.58 |
| DongguanKonkaElectronicsSmartTechnologyCo.,Ltd. | Purchaseofgoods | 15,400,576.70 | 5,755,090.87 |
| AnhuiKaikaiSihjieE-commerceCo.,Ltd. | Purchaseofgoodsandservices | 7,817,518.74 | 11,561,667.28 |
| ShenzhenKonkaIntelligentElectricalTechnologyCo.,Ltd. | Purchaseofgoodsandservices | 594,073.95 | 2,422,573.79 |
| ShenzhenJinzhuIndustryCo.,Ltd | Purchaseofgoods | 41.95 | 20,346,169.14 |
| ShenzhenTradeLinkSupplyChainManagementCo.,Ltd. | Purchaseofgoods | 5,617,295.12 | |
| ShenzhenKonkaInformationNetworkCo.,Ltd. | Purchaseofgoods | 2,630,116.46 | |
| ZhuhaiJinsuPlasticCo.,Ltd. | Purchaseofgoods | 1,082,212.94 | |
| Subtotalofotherrelatedparties | Purchaseofgoodsandservices | 144,714.85 | 4,897,091.25 |
(2)Informationofsalesofgoodsandprovisionoflaborservice
| Relatedparty | Content | ReportingPeriod | SamePeriodoflastyear |
| KoreaElectricGroupCo.,Ltd.anditssubsidiaries | Salesofgoods | 181,904,680.78 | 18,375,346.08 |
| AnhuiKaikaiSihjieE-commerceCo.,Ltd.anditssubsidiaries | Salesofgoodsandrenderlaborservice | 86,107,536.96 | 290,281,383.41 |
| OCTGroupCo.,Ltd.anditssubsidiariesandassociatedenterprises | Salesofgoodsandrenderlaborservice | 78,699,287.26 | 103,732,850.45 |
| AUJETINDUSTRYLIMITED | Salesofgoods | 73,722,203.15 | |
| HOHOELECTRICAL&FURNITURECO.,LIMITED | Salesofgoods | 35,832,964.53 | 65,543,689.34 |
| ShandongKonkaSmartElectricalApplianceCo.,Ltd. | Salesofgoodsandrenderlaborservice | 33,094,053.38 | 13,136,006.95 |
| ChuzhouHanshangElectricApplianceCo.,Ltd. | Salesofgoodsandrenderlaborservice | 30,402,393.78 | 3,547,295.36 |
| ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesaswellasassociatedenterprises | Salesofgoodsandrenderlaborservice | 23,197,082.93 | 28,339,511.01 |
| HenanKonkaSmartElectricalApplianceCo.,Ltd. | Salesofgoods | 18,874,703.89 | 14,995,854.89 |
| ShenzhenKonkaE-displayCommercialDisplayCo.,Ltd. | Salesofgoodsandrenderlaborservice | 23,556,672.37 | 10,812,583.47 |
| DongguanKonkaElectronicsSmartTechnologyCo.,Ltd. | Salesofgoodsandrenderlaborservice | 11,344,197.37 | 1,737,574.70 |
| E3info(Hainan)TechnologyCo.,Ltd.anditssubsidiaries | Salesofgoodsandrenderlaborservice | 5,124,776.56 | |
| SichuanHuayiJiakangTechnologyCo.,Ltd. | Salesofgoodsandrenderlaborservice | 3,211,244.93 | |
| FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | Renderlaborservice | 1,436,154.46 | 1,877,632.62 |
| ShenzhenKonkaSmartElectricalApparatusTechnologyCo.,Ltd. | Renderlaborservice | 240,681.17 | 2,359,154.20 |
| ShenzhenYaodeTechnologyCo.,Ltd. | Salesofgoods | 29,871,066.73 | |
| Subtotalofotherrelatedparties | Salesofgoodsandrenderlaborservice | 1,433,408.65 | 3,453,093.05 |
2.InformationonRelated-partyLease
(1)Leasesituation
| Leasee | Lessee'sname | Category | TheleasefeeconfirmedintheReportingPeriod | Theleasefeeconfirmedinthesameperiodoflastyear |
| OCTGroupCo.Ltd.Anditssubsidiaries | KonkaGroupCo.,Ltd. | Commercialresidencesandofficebuildings | 683,385.60 | 871,161.20 |
| Leasee | Lessee'sname | Category | TheleasefeeconfirmedintheReportingPeriod | Theleasefeeconfirmedinthesameperiodoflastyear |
| OCTGroupCo.Ltd.Anditssubsidiaries | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | Commercialresidencesandofficebuildings | 10,456,131.42 |
3.InformationonRelated-partyGuarantee
(1)TheCompanywasguarantor
| Securedparty | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
| NingboKanghanruiElectric | 5,940.00 | CNY | 2020-7-27 | 2021-7-26 | Not |
| KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 8,064.90 | CNY | 2019-9-23 | 2022-9-22 | Not |
| PengrunTechnology | 1,500.00 | CNY | 2020-8-25 | 2021-8-25 | Not |
| AnhuiTongchuang | 3,000.00 | CNY | 2020-8-6 | 2021-8-5 | Not |
| AnhuiTongchuang | 1,225.00 | CNY | 2020-10-19 | 2021-10-19 | Not |
| AnhuiTongchuang | 729.40 | CNY | 2021-1-21 | 2022-1-20 | Not |
| AnhuiTongchuang | 4,500.00 | CNY | 2021-2-25 | 2022-2-25 | Not |
| DongguanKonka | 5,000.00 | CNY | 2021-2-8 | 2022-2-1 | Not |
| DongguanKonka | 1,500.00 | CNY | 2021-6-23 | 2031-5-7 | Not |
| ElectronicsTechnology | 5,832.23 | CNY | 2020-7-24 | 2021-6-28 | Not |
| ElectronicsTechnology | 4,796.24 | CNY | 2020-8-14 | 2021-9-9 | Not |
| ElectronicsTechnology | 50,000.00 | CNY | 2020-11-16 | 2021-5-22 | Not |
| ElectronicsTechnology | 3,178.67 | CNY | 2021-2-24 | 2021-12-21 | Not |
| EconTechnology | 13,999.91 | CNY | 2020-6-5 | 2021-3-17 | Not |
| EconTechnology | 5,000.00 | CNY | 2020-8-21 | 2021-8-20 | Not |
| EconTechnology | 5,000.00 | CNY | 2020-9-22 | 2021-9-21 | Not |
| Econ | 3,000.00 | CNY | 2021-1-29 | 2022-1-28 | Not |
| Securedparty | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
| Technology | |||||
| EconTechnology | 5,000.00 | CNY | 2021-3-24 | 2022-3-23 | Not |
| EconTechnology | 8,000.00 | CNY | 2021-6-8 | 2022-6-7 | Not |
| EconTechnology | 5,000.00 | CNY | 2021-6-18 | 2022-6-17 | Not |
| TelecommunicationTechnology | 2,305.42 | CNY | 2020-8-26 | 2021-8-26 | Not |
| SichuanKonka | 4,000.00 | CNY | 2019-3-18 | 2022-3-19 | Not |
| YibinOCTSanjiangPropertiesCo.,Ltd. | 5,258.00 | CNY | 2019-9-29 | 2022-9-28 | Not |
| XingDaHongYe | 5,626.00 | CNY | 2020-11-12 | 2022-11-12 | Not |
| XingDaHongYe | 2,000.00 | CNY | 2020-12-25 | 2023-12-25 | Not |
| XingDaHongYe | 750.00 | CNY | 2021-5-31 | 2023-8-31 | Not |
| BoluoKonkaPrecision | 1,725.00 | CNY | 2020-8-19 | 2023-8-19 | Not |
| JiangxiKonka | 10,900.00 | CNY | 2019-3-18 | 2021-9-18 | Not |
| JiangxiKonka | 5,500.00 | CNY | 2019-6-26 | 2022-6-25 | Not |
| JiangxiKonka | 6,500.00 | CNY | 2019-10-30 | 2022-10-30 | Not |
| JiangxiKonka | 990.00 | CNY | 2020-3-20 | 2022-3-19 | Not |
| JiangxiKonka | 5,000.00 | CNY | 2021-6-26 | 2022-6-25 | Not |
| JiangxiKonka | 3,000.00 | CNY | 2020-8-4 | 2021-8-4 | Not |
| JiangxiKonka | 10,000.00 | CNY | 2020-9-29 | 2023-9-29 | Not |
| JiangxiKonka | 10,000.00 | CNY | 2020-11-6 | 2023-12-6 | Not |
| JiangxiKonka | 5,000.00 | CNY | 2020-12-21 | 2022-12-31 | Not |
| JiangxiKonka | 1,000.00 | CNY | 2020-12-30 | 2023-12-30 | Not |
| XinfengMicrocrystalline | 5,000.00 | CNY | 2020-5-19 | 2023-5-19 | Not |
| XinfengMicrocrystalline | 3,200.00 | CNY | 2020-5-29 | 2022-11-29 | Not |
| XinfengMicrocrystalline | 2,100.00 | CNY | 2020-12-8 | 2023-12-8 | Not |
| XinfengMicrocrystalline | 6,000.00 | CNY | 2020-12-28 | 2021-12-27 | Not |
| XinfengMicrocrystalline | 6,000.00 | CNY | 2021-6-18 | 2022-6-17 | Not |
| JiangxiHighTransparentSubstrate | 10,000.00 | CNY | 2019-6-26 | 2022-6-25 | Not |
| Securedparty | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
| JiangxiHighTransparentSubstrate | 5,000.00 | CNY | 2019-12-20 | 2022-12-20 | Not |
| JiangxiHighTransparentSubstrate | 5,000.00 | CNY | 2020-1-8 | 2023-1-8 | Not |
| JiangxiHighTransparentSubstrate | 5,000.00 | CNY | 2020-1-8 | 2022-1-8 | Not |
| JiangxiHighTransparentSubstrate | 990.00 | CNY | 2020-3-20 | 2022-3-19 | Not |
| JiangxiHighTransparentSubstrate | 5,500.00 | CNY | 2020-5-29 | 2022-11-29 | Not |
| JiangxiHighTransparentSubstrate | 7,000.00 | CNY | 2020-6-24 | 2021-6-24 | Not |
| JiangxiHighTransparentSubstrate | 6,000.00 | CNY | 2020-7-14 | 2023-7-14 | Not |
| HongKongKonka | 16,114.20 | CNY | 2020-12-28 | 2021-9-9 | Not |
| HongKongKonka | 1,500.00 | USD | 2021-2-26 | 2022-2-26 | Not |
| AnhuiKonka | 7,000.00 | CNY | 2020-11-25 | 2021-11-24 | Not |
| AnhuiKonka | 15,000.00 | CNY | 2020-12-24 | 2021-9-2 | Not |
| AnhuiKonka | 14,000.00 | CNY | 2021-3-25 | 2022-3-25 | Not |
| AnhuiKonka | 856.27 | CNY | 2021-4-2 | 2022-4-2 | Not |
| YibinKangrun | 10,000.00 | CNY | 2020-11-13 | 2024-12-31 | Not |
| SichuanKonka | 10,000.00 | CNY | 2018-5-28 | 2027-5-24 | Not |
| RushanEcon | 11,321.00 | CNY | 2016-12-29 | 2026-12-28 | Not |
| WuhanRunyuanWastewater | 46,672.00 | CNY | 2020-1-20 | 2040-1-19 | Not |
| SubeiKangrunWater | 77,600.00 | CNY | 2020-3-10 | 2035-3-9 | Not |
| DayiKangrunWater | 26,620.00 | CNY | 2020-4-29 | 2035-4-10 | Not |
| Xi’anKangrun | 24,571.00 | CNY | 2020-12-17 | 2035-12-16 | Not |
| MengchengKangrun | 16,000.00 | CNY | 2021-1-27 | 2038-1-26 | Not |
| Xi’anKangrun | 15,099.69 | CNY | 2021-2-5 | 2036-1-31 | Not |
| TongchuanKangrun | 3,000.00 | CNY | 2021-3-25 | 2035-3-24 | Not |
| Securedparty | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
| Honghui | |||||
| LushanKangrunEnvironmental | 25,000.00 | CNY | 2021-4-16 | 2037-4-15 | Not |
(2)TheCompanywassecuredparty
| Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
| OCTGroupCo.Ltd. | 150,000.00 | CNY | 2019-1-14 | 2022-1-14 | Not |
| OCTGroupCo.Ltd. | 50,000.00 | CNY | 2019-6-3 | 2022-6-3 | Not |
| OCTGroupCo.Ltd. | 150,000.00 | CNY | 2019-7-22 | 2022-7-22 | Not |
| OCTGroupCo.Ltd. | 150,000.00 | CNY | 2020-6-22 | 2022-6-22 | Not |
| OCTGroupCo.Ltd. | 50,000.00 | CNY | 2020-6-24 | 2022-6-19 | Not |
| OCTGroupCo.Ltd. | 100,000.00 | CNY | 2021-1-8 | 2024-1-8 | Not |
| OCTGroupCo.Ltd. | 50,000.00 | CNY | 2021-5-21 | 2024-5-21 | Not |
| OCTGroupCo.Ltd. | 30,000.00 | CNY | 2021-6-24 | 2024-6-23 | Not |
| ElectronicsTechnology | 30,000.00 | CNY | 2020-7-22 | 2021-7-22 | Not |
| ElectronicsTechnology | 30,000.00 | CNY | 2020-8-4 | 2021-8-3 | Not |
| ElectronicsTechnology | 20,000.00 | CNY | 2020-8-6 | 2020-8-5 | Not |
| YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 54,704.58 | CNY | 2018-8-19 | 2023-10-11 | Not |
| ZhuXinming | 2,450.00 | CNY | 2019-12-20 | 2022-12-20 | Not |
| ZhuXinming | 2,450.00 | CNY | 2020-1-8 | 2022-1-8 | Not |
| ZhuXinming | 2,450.00 | CNY | 2020-1-8 | 2023-1-8 | Not |
| ZhuXinming | 4,900.00 | CNY | 2020-9-29 | 2023-9-29 | Not |
| ZhuXinming | 6,370.00 | CNY | 2020-10-12 | 2021-10-11 | Not |
| ZhuXinming | 4,851.00 | CNY | 2020-10-13 | 2021-10-11 | Not |
| ZhuXinming | 1,029.00 | CNY | 2020-12-8 | 2023-12-8 | Not |
| ZhuXinming | 945.18 | CNY | 2021-2-19 | 2022-2-18 | Not |
| ZhuXinming | 1,493.69 | CNY | 2021-3-5 | 2022-2-18 | Not |
| ZhuXinming | 490.00 | CNY | 2021-3-9 | 2022-3-8 | Not |
| ZhuXinming | 504.70 | CNY | 2021-3-26 | 2022-3-8 | Not |
| ZhuXinming | 1,162.52 | CNY | 2021-4-9 | 2022-2-18 | Not |
| ZhuXinming | 651.70 | CNY | 2021-4-22 | 2022-4-21 | Not |
| Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
| ZhuXinming | 296.07 | CNY | 2021-4-27 | 2022-4-21 | Not |
| ZhuXinming | 1,031.14 | CNY | 2021-5-18 | 2022-2-18 | Not |
| ZhuXinming | 304.66 | CNY | 2021-5-18 | 2022-3-8 | Not |
| ZhuXinming | 1,739.50 | CNY | 2021-6-7 | 2021-7-9 | Not |
| ZhuXinming | 93.12 | CNY | 2021-6-8 | 2022-2-18 | Not |
| ZhuXinming | 980.00 | CNY | 2021-6-17 | 2021-7-9 | Not |
| ZhuXinming | 810.34 | CNY | 2021-6-17 | 2022-2-18 | Not |
| ZhuXinming | 44.03 | CNY | 2021-6-29 | 2022-2-18 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd. | 5,341.00 | CNY | 2019-3-18 | 2021-9-18 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd. | 2,695.00 | CNY | 2019-6-26 | 2022-6-25 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd. | 3,185.00 | CNY | 2019-10-30 | 2022-10-30 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd. | 2,940.00 | CNY | 2020-7-14 | 2023-7-14 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd. | 1,470.00 | CNY | 2020-8-4 | 2021-8-4 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd. | 4,900.00 | CNY | 2020-11-6 | 2023-12-1 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd. | 2,940.00 | CNY | 2021-6-22 | 2022-6-21 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd. | 2,450.00 | CNY | 2021-6-26 | 2022-6-25 | Not |
| YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 6,859.96 | CNY | 2020-6-5 | 2021-3-17 | Not |
| YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 2,450.00 | CNY | 2020-8-21 | 2021-8-20 | Not |
| YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter | 2,450.00 | CNY | 2020-9-22 | 2021-9-21 | Not |
| Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
| (LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | |||||
| YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 1,470.00 | CNY | 2021-1-29 | 2022-1-28 | Not |
| YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 2,450.00 | CNY | 2021-3-24 | 2022-3-23 | Not |
| YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 3,920.00 | CNY | 2021-6-8 | 2022-6-7 | Not |
| YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 2,450.00 | CNY | 2021-6-18 | 2022-6-17 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd.,ZhuXinming | 970.20 | CNY | 2020-3-20 | 2022-3-19 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd.,ZhuXinming | 2,450.00 | CNY | 2020-5-19 | 2023-5-19 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd.,ZhuXinming | 4,263.00 | CNY | 2020-5-29 | 2022-11-29 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd.,ZhuXinming | 3,430.00 | CNY | 2020-6-24 | 2021-6-24 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd.,ZhuXinming | 2,450.00 | CNY | 2020-12-21 | 2022-12-31 | Not |
| JiangxiXinzixinRealEstateCo., | 2,940.00 | CNY | 2020-12-28 | 2021-12-27 | Not |
| Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
| Ltd.,ZhuXinming | |||||
| JiangxiXinzixinRealEstateCo.,Ltd.,ZhuXinming | 490.00 | CNY | 2020-12-30 | 2023-12-30 | Not |
| YudongEnvironmentalProtectionTechnologyCo.,Ltd. | 14,210.00 | CNY | 2020-8-19 | 2023-10-31 | Not |
| ChuzhouState-ownedAssetsManagementCo.,Ltd. | 1,540.00 | CNY | 2020-11-25 | 2021-11-24 | Not |
| ChuzhouState-ownedAssetsManagementCo.,Ltd. | 3,300.00 | CNY | 2020-12-24 | 2021-9-2 | Not |
| ChuzhouState-ownedAssetsManagementCo.,Ltd. | 3,080.00 | CNY | 2021-3-25 | 2022-3-25 | Not |
| ChuzhouState-ownedAssetsManagementCo.,Ltd. | 188.38 | CNY | 2021-4-2 | 2022-4-2 | Not |
| HuZehong | 2,450.00 | CNY | 2020-8-4 | 2021-8-3 | Not |
| HuZehong | 183.75 | CNY | 2020-11-3 | 2021-11-2 | Not |
| HuZehong | 142.10 | CNY | 2020-11-4 | 2021-11-2 | Not |
| HuZehong | 1,014.30 | CNY | 2020-11-5 | 2021-11-2 | Not |
| HuZehong | 105.35 | CNY | 2020-11-16 | 2021-11-2 | Not |
| HuZehong | 24.50 | CNY | 2020-11-30 | 2021-11-2 | Not |
| HuZehong | 980.00 | CNY | 2021-1-24 | 2021-11-2 | Not |
| HuZehong | 2,205.00 | CNY | 2021-4-23 | 2021-11-2 | Not |
| HuZehong | 244.02 | CNY | 2021-4-25 | 2021-11-2 | Not |
| WuGuorenandXiaoYongsong | 7,080.50 | USD | 2019-12-31 | 2024-12-31 | Not |
| SuiyongRongxinAssetManagementCo.,Ltd. | 2,450.00 | CNY | 2020-8-9 | 2021-8-8 | Not |
| SuiyongRongxinAssetManagementCo.,Ltd. | 2,842.00 | CNY | 2020-9-23 | 2021-9-22 | Not |
| JiangxiXinzixinRealEstateCo.,Ltd.,XiongMuzhi,ZhuQingming,ZengXiaohong | 4,900.00 | CNY | 2019-6-26 | 2022-6-25 | Not |
| ChuzhouHanshangElectricApplianceCo.,Ltd. | 4,533.96 | CNY | 2021-5-20 | 2024-5-19 | Not |
| HuZehong,LiangRuiling,DaiYaojin | 2,756.74 | CNY | 2020-11-12 | 2022-11-12 | Not |
| HuZehong,LiangRuiling,DaiYaojin | 980.00 | CNY | 2020-12-25 | 2023-12-25 | Not |
| HuZehong,LiangRuiling,DaiYaojin | 367.50 | CNY | 2021-5-31 | 2023-8-31 | Not |
| ShenzhenMusenEnterpriseCo., | 3,325.73 | CNY | 2019-3-19 | 2022-3-18 | Not |
| Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
| Ltd. | |||||
| EconTechnology | 3,300.00 | CNY | 2020-11-13 | 2024-12-31 | Not |
| ShenzhenGuoxinMicro-electronicsCo.,Ltd. | 3,120.44 | CNY | 2020-8-22 | 2021-12-9 | Not |
| ShenzhenUnifortuneSupplyChainManagementCo.,Ltd. | 2,982.14 | USD | 2020-7-1 | 2021-12-31 | Not |
| ShenhzhenTradeLinkSupplyChainManagementCo.,Ltd. | 980.00 | USD | 2020-7-20 | 2021-12-31 | Not |
| ShenhzhenTradeLinkSupplyChainManagementCo.,Ltd. | 668.36 | USD | 2020-7-20 | 2023-12-31 | Not |
| ShenhzhenTradeLinkSupplyChainManagementCo.,Ltd. | 1,761.06 | USD | 2020-9-1 | 2023-12-31 | Not |
| AUJETINDUSTRYLIMITED | 936.39 | USD | 2020-7-20 | 2023-12-31 | Not |
| ShenzhenHenglongtongTechnologyCo.,Ltd. | 477.18 | CNY | 2020-10-30 | 2021-10-29 | Not |
| ShenzhenHenglongtongTechnologyCo.,Ltd. | 11.18 | CNY | 2020-11-18 | 2021-10-29 | Not |
| ShenzhenHenglongtongTechnologyCo.,Ltd. | 552.72 | CNY | 2021-1-1 | 2021-12-31 | Not |
| GuizhouHuajinrunTechnologyCo.Ltd. | 879.80 | USD | 2018-1-1 | 2021-12-31 | Not |
| ShenzhenHenglongtongTechnologyCo.,Ltd.,GuizhouHuajinrunTechnologyCo.Ltd. | 735.00 | CNY | 2018-1-1 | 2021-12-31 | Not |
4.BorrowingsofFunds
| Name | Amount | Currency | Startdate | Duedate |
| Borrowing | ||||
| OCTGroupCo.Ltd. | 111,060,000.00 | CNY | 2020-12-7 | 2022-12-9 |
| OCTGroupCo.Ltd. | 500,000,000.00 | CNY | 2021-2-25 | 2024-2-25 |
| OCTGroupCo.Ltd. | 500,000,000.00 | CNY | 2021-3-4 | 2024-2-25 |
| OCTGroupCo.Ltd. | 500,000,000.00 | CNY | 2021-3-18 | 2024-2-25 |
| OCTGroupCo.Ltd. | 500,000,000.00 | CNY | 2021-4-20 | 2024-2-25 |
| OCTGroupCo.Ltd. | 500,000,000.00 | CNY | 2021-6-16 | 2024-2-25 |
| E3info(Hainan)TechnologyCo.,Ltd. | 50,000,000.00 | CNY | 2021-6-5 | 2021-12-4 |
| ChuzhouHanshangElectricApplianceCo.,Ltd. | 105,350,000.00 | CNY | 2021-2-1 | 2022-1-31 |
| YantaiQingrunyuanBusinessManagementCenter(LP) | 5,000,000.00 | CNY | 2020-12-25 | 2021-12-24 |
| Name | Amount | Currency | Startdate | Duedate |
| YantaiQingrunyuanBusinessManagementCenter(LP) | 1,255,930.00 | CNY | 2021-3-5 | 2021-12-24 |
| YantaiBaijiangyuanBusinessManagementCenter(LP) | 15,304,560.00 | CNY | 2021-3-5 | 2022-3-4 |
| YantaiQingjiangchuanBusinessManagementCenter(LP) | 433,920.00 | CNY | 2021-3-5 | 2022-3-4 |
| YantaiFengqingtaiInvestmentCenter(LP) | 6,805,590.00 | CNY | 2021-3-5 | 2022-3-4 |
| YantaiQingrunyuanBusinessManagementCenter(LP) | 20,961,700.00 | CNY | 2021-4-19 | 2022-4-11 |
| YantaiBaijiangyuanBusinessManagementCenter(LP) | 51,280,900.00 | CNY | 2021-4-19 | 2022-4-11 |
| YantaiQingjiangchuanBusinessManagementCenter(LP) | 1,454,000.00 | CNY | 2021-4-19 | 2022-4-11 |
| YantaiFengqingtaiInvestmentCenter(LP) | 22,803,400.00 | CNY | 2021-4-19 | 2022-4-11 |
| Total | 2,891,710,000.00 | |||
| Lending | ||||
| YibinOCTSanjiangPropertiesCo.,Ltd. | 40,000,000.00 | CNY | 2018-10-25 | 2021-10-24 |
| ChongqingKonkaFuzeRealEstateCo.,Ltd. | 188,430,000.00 | CNY | 2020-11-25 | 2021-11-24 |
| ChongqingQingjiaElectronicsCo.,Ltd. | 8,900,000.00 | CNY | 2019-4-12 | 2020-4-11 |
| YantaiKangyueInvestmentCo.,Ltd. | 128,527,000.00 | CNY | 2020-12-16 | 2021-12-15 |
| ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 132,880,000.00 | CNY | 2020-8-24 | 2021-8-23 |
| ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 20,000,000.00 | CNY | 2020-12-10 | 2021-12-9 |
| ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 7,350,000.00 | CNY | 2021-1-6 | 2022-1-5 |
| ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 167,580,000.00 | CNY | 2021-3-26 | 2022-3-26 |
| ChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd. | 74,436,380.39 | CNY | 2021-1-13 | 2022-2-25 |
| ChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd. | 24,500,000.00 | CNY | 2021-6-15 | 2022-6-14 |
| ChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd. | 58,800,000.00 | CNY | 2020-9-16 | 2021-9-15 |
| YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 100,200,000.00 | CNY | 2020-11-23 | 2021-11-22 |
| DongguanKonkaInvestmentCo.,Ltd. | 22,231,944.48 | CNY | 2020-8-6 | 2021-8-5 |
| DongguanKonkaInvestmentCo.,Ltd. | 7,000,000.00 | CNY | 2020-8-14 | 2021-8-5 |
| DongguanKonkaInvestmentCo., | 166,768,055.52 | CNY | 2020-8-14 | 2021-8-5 |
| Name | Amount | Currency | Startdate | Duedate |
| Ltd. | ||||
| Total | 1,147,603,380.39 |
5.AssetsTransferofRelatedParty
| Name | Content | ReportingPeriod | Sameperiodoflastyear |
| ShenzhenKonkaHoldingGroupCo.,Ltd. | Assignmentofpatentrights | 98,600,000.00 | |
| ShenzhenKonkaHoldingGroupCo.,Ltd. | Equitytransfer | 470,986,530.00 | |
| Total | 569,586,530.00 |
6.InformationonRemunerationforKeyManagementPersonnel
| Item | ReportingPeriod(RMB’0,000) | Sameperiodoflastyear(RMB’0,000) |
| Totalremuneration | 1,000.44 | 1,229.88 |
(III)BalanceswithRelatedParty
1.AccountsReceivable
| Relatedparty | Endingbalance | Beginningbalance | ||
| Carryingamount | Baddebtprovision | Carryingamount | Baddebtprovision | |
| Accountsreceivable: | ||||
| ShenzhenYaodeTechnologyCo.,Ltd. | 132,766,748.31 | 13,303,228.18 | 134,098,413.80 | 12,181,165.68 |
| HOHOELECTRICAL&FURNITURECO.,LIMITED | 132,119,400.41 | 6,223,558.13 | 124,721,168.78 | 6,447,669.98 |
| AnhuiKaikaiShijieE-commerceCo.,Ltd. | 128,400,573.00 | 11,852,798.06 | 153,854,753.25 | 3,170,897.81 |
| KoreaElectricGroupCo.,Ltd. | 79,874,580.14 | 1,629,441.43 | 11,876,557.98 | 242,281.78 |
| OCTGroupCo.Ltd.Anditssubsidiaries,associatedenterprises | 76,596,326.16 | 1,745,927.10 | 68,938,082.60 | 1,503,214.49 |
| ShenzhenKonkaInformationNetworkCo.,Ltd. | 39,522,005.33 | 7,776,237.77 | 38,956,293.90 | 5,163,169.72 |
| ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesaswellasassociatedenterprises | 8,149,766.81 | 179,454.56 | 38,228,985.16 | 974,569.50 |
| Subtotalofotherrelatedparties | 67,102,747.62 | 4,132,146.85 | 56,114,631.87 | 3,987,467.12 |
| Total | 664,532,147.78 | 46,842,792.08 | 626,788,887.34 | 33,670,436.08 |
| Notesreceivable: | ||||
| Relatedparty | Endingbalance | Beginningbalance | ||
| Carryingamount | Baddebtprovision | Carryingamount | Baddebtprovision | |
| AnhuiKaikaiShijieE-commerceCo.,Ltd. | 8,391,829.94 | 2,231,739.87 | ||
| Subtotalofotherrelatedparties | 258,158.37 | 2,243,687.84 | ||
| Total | 8,649,988.31 | 4,475,427.71 | ||
| Interestreceivable: | ||||
| YantaiKangyueInvestmentCo.,Ltd. | 16,080,155.78 | 10,910,514.22 | ||
| ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 10,524,546.65 | |||
| ChongqingKonkaFuzeRealEstateCo.,Ltd. | 9,128,386.65 | 15,828,119.98 | ||
| DongguanKonkaInvestmentCo.,Ltd. | 7,648,251.21 | |||
| ChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd. | 5,178,239.76 | 7,564,562.01 | ||
| YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 4,030,266.68 | |||
| Total | 52,589,846.73 | 34,303,196.21 | ||
| Dividendsreceivable | ||||
| ChongqingQingjiaElectronicsCo.,Ltd. | 547,848.62 | 547,848.62 | ||
| BinzhouBeihaiWeiqiaoSolidWasteTreatmentCo.,Ltd. | 4,400,000.00 | |||
| Total | 547,848.62 | 4,947,848.62 | ||
| Otherreceivables: | ||||
| ChongqingLiangshanIndustrialInvestmentCo.,Ltd. | 167,211,334.00 | 3,411,111.21 | 262,878,000.00 | 5,362,711.20 |
| JiangxiMeijiEnterpriseCo.,Ltd. | 93,512,640.31 | 18,819,587.09 | 93,512,640.31 | 18,833,017.29 |
| DaiRongxing | 84,591,701.90 | 21,441,912.67 | 82,914,871.05 | 21,175,816.98 |
| OCTGroupCo.,Ltd.anditssubsidiaries,associatedenterprises | 28,129,378.46 | 14,236,483.61 | 30,431,127.39 | 14,223,018.11 |
| HuanjiaGroupCo.,Ltd. | 23,095,103.20 | 9,229,041.28 | 23,065,103.20 | 9,226,041.28 |
| Relatedparty | Endingbalance | Beginningbalance | ||
| Carryingamount | Baddebtprovision | Carryingamount | Baddebtprovision | |
| HOHOELECTRICAL&FURNITURECO.,LIMITED | 5,519,421.05 | 112,596.19 | ||
| Subtotalofotherrelatedparties | 3,106,970.46 | 78,354.04 | 473,279.18 | 21,303.41 |
| Total | 399,647,128.33 | 67,216,489.90 | 498,794,442.18 | 68,954,504.46 |
| Prepayments: | ||||
| ShenzhenKonkaInformationNetworkCo.,Ltd. | 40,191,388.22 | 40,220,535.22 | ||
| ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiaries | 49,570.73 | 13,483,626.36 | ||
| PuchuangJiakangTechnologyCo,Ltd. | 2,498,172.50 | 5,111,181.00 | ||
| HOHOELECTRICAL&FURNITURECO.,LIMITED | 7,655,079.81 | |||
| Subtotalofotherrelatedparties | 3,657,143.84 | 5,647,733.34 | ||
| Total | 46,396,275.29 | 72,118,155.73 | ||
| Currentportionofnon-currentassets: | ||||
| OCTGroupCo.,Ltd.anditssubsidiaries,associatedenterprises | 40,000,000.00 | 75,000,000.00 | ||
| FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | 23,553,761.31 | 30,630,065.09 | ||
| Subtotalofotherrelatedparties | 63,553,761.31 | 105,630,065.09 | ||
| Othercurrentassets: | ||||
| ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 327,810,000.00 | 152,880,000.00 | ||
| DongguanKonkaInvestmentCo.,Ltd. | 196,000,000.00 | 196,000,000.00 | ||
| ChongqingKonkaFuzeRealEstateCo.,Ltd. | 188,430,000.00 | 188,430,000.00 | ||
| ChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd. | 157,736,380.39 | 160,847,400.00 | ||
| Relatedparty | Endingbalance | Beginningbalance | ||
| Carryingamount | Baddebtprovision | Carryingamount | Baddebtprovision | |
| YantaiKangyueInvestmentCo.,Ltd. | 128,527,000.00 | 128,527,000.00 | ||
| YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 100,200,000.00 | |||
| Total | 1,098,703,380.39 | 826,684,400.00 | ||
| Long-termreceivables: | ||||
| FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | 4,059,369.45 | 12,749,762.58 | ||
| Total | 4,059,369.45 | 12,749,762.58 | ||
| Othernon-currentassets: | ||||
| ChongqingQingjiaElectronicsCo.,Ltd. | 11,225,866.61 | 10,867,888.84 | ||
| Total | 11,225,866.61 | 10,867,888.84 | ||
2.AccountsPayable
| Relatedparty | Endingcarryingamount | Beginningcarryingamount |
| Accountspayable: | ||
| ChuzhouHanshangElectricApplianceCo.,Ltd. | 35,166,221.43 | 9,462,196.04 |
| ShenzhenKonkaE-displayCo.,Ltd.anditssubsidiaries | 29,081,354.42 | 6,223,095.56 |
| KoreaElectricGroupCo.,Ltd. | 27,090,040.12 | 3,481,603.74 |
| ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesaswellasitsassociatedenterprises | 17,618,906.75 | 12,618,777.74 |
| ChongqingLvfengRenewableResourcesCo.,Ltd. | 14,779,459.37 | 18,510,819.80 |
| OCTGroupCo.,Ltd.anditssubsidiaries,associatedenterprises | 13,776,879.66 | 10,042,155.58 |
| AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | 7,861,878.28 | 2,633,353.42 |
| WanjunTechnology(Kunshan)Co.,Ltd. | 25,488.05 | 434,816.51 |
| Subtotalofotherrelatedparties | 17,610,256.05 | 19,203,126.03 |
| Total | 163,010,484.13 | 82,609,944.42 |
| Notespayable: | ||
| ChongqingLvfengRenewableResourcesCo.,Ltd. | 45,624,044.52 | |
| ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesaswellasitsassociatedenterprises | 9,667,899.38 | 11,850,973.37 |
| Subtotalofotherrelatedparties | 4,718,551.51 | 5,234,811.10 |
| Total | 60,010,495.41 | 17,085,784.47 |
| Contractliabilities/othernon-currentliabilities: |
| Relatedparty | Endingcarryingamount | Beginningcarryingamount |
| AUJETINDUSTRYLIMITED | 15,249,270.80 | |
| AnhuiKaikaiShijieE-commerceCo.,Ltd. | 7,823,907.60 | 60,750.00 |
| OCTGroupCo.,Ltd.anditssubsidiaries,associatedenterprises | 6,061,436.71 | 15,357,854.41 |
| SichuanHuayiJiakangTechnologyCo.,Ltd. | 5,142,212.00 | |
| ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiaries | 27,430,700.76 | |
| Subtotalofotherrelatedparties | 4,398,757.61 | 4,518,534.87 |
| Total | 30,851,677.12 | 47,307,090.04 |
| Otherpayables: | ||
| ChuzhouHanshangElectricApplianceCo.,Ltd. | 126,370,999.21 | 151,494,362.56 |
| YantaiBaijiangyuanBusinessManagementCenter(LP) | 67,664,518.51 | |
| E3info(Hainan)TechnologyCo.,Ltd. | 50,162,711.83 | 50,166,438.36 |
| YantaiFengqingtaiInvestmentCenter(LP) | 30,088,822.08 | |
| YantaiQingrunyuanBusinessManagementCenter(LP) | 27,727,493.25 | |
| FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | 12,215,861.75 | 13,215,861.75 |
| ChongqingLvfengRenewableResourcesCo.,Ltd. | 11,143,969.16 | 5,800,221.60 |
| OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 5,046,383.11 | 481,704.23 |
| Subtotalofotherrelatedparties | 10,374,508.26 | 6,763,074.18 |
| Total | 340,795,267.16 | 227,921,662.68 |
| Currentportionofnon-currentliabilities: | ||
| OCTGroupCo.,Ltd.anditssubsidiaries | 253,275.20 | 10,777,675.49 |
| Total | 253,275.20 | 10,777,675.49 |
| Long-termpayables: | ||
| OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 40,485,591.71 | |
| Total | 40,485,591.71 |
XII.Contingency
(1)AstheacceptorhasnotpaidthecommercialacceptancebillsheldbytheCompanyaftermaturity,theCompany,astheplaintiff,filedalawsuitwiththecourtforbillswithatotalamountof200millionyuan.ThedebtorsHongtuSanpowerTechnologyCo.,Ltd.,JiangsuHongtuHighTechnologyCo.,Ltd.,SanpowerGroupCo.,Ltd.,NanjingJiongjiongElectronicTechnologyCo.,Ltd.,andShenzhenQianhaiBenniuAgriculturalTechnologyCo.,Ltd.bearjointandseveralliabilityforthesettlementofthebillamountandoverdueinterest.InJuly2019,thecompanyfiledalawsuitwiththecourt,andthecourthaspreservedthedefendant'scorrespondingproperty.Asofthedateofissuanceofthisreport,propertyexecutionisongoing.
(2)AstheacceptorhasnotpaidthecommercialacceptancebillsheldbytheCompanyaftermaturity,theCompanyastheplaintifffiledalawsuitforbillsofRMB300,027,889.84tothecourt,askedbillacceptorandShanghaiHuaxinInternationalGroupCo.,Ltd.involvesbillsbefore
handthebillamountanddefaultinterestshallbearjointliability.Asofthedateofissuanceofthisreport,thecaseinvolving150millionyuaninthecasehasbeeninthecompulsoryexecutionstage,andtheshareholderhasbeenaddedasthepersontobeexecutedinthecase;thecourtsoftheremaining150millioncaseshaveruledthatthedefendantshouldpaybillsandinteresttoKonkaGroupEnforced.Asofthedateofissuanceofthisreport,propertyexecutionisongoing.
(3)Asthecommercialdraftheldbythecompanywasnotpaidbytheacceptorafteritexpired,thecompany,astheplaintiff,filedalawsuitwiththecourtforatotalamountof78,300,690.24yuanofduenotes,requestinganorderfromHefeiHuajunTradingCo.,Ltd.andWuhanJialianAgriculturalTechnologyCo.,Ltd.TheDevelopmentCo.,Ltd.paidthebillamountanddefaultinteresttothecompany,andappliedforpropertypreservation.Asofthedateofissuanceofthisreport,thecourthasruledthatthedefendantshouldpaythebillsandcorrespondinginteresttoKonkaGroup,andthecaseisbeingexecuted.
(4)Becausethecompany'ssubsidiaryKonkaCommercialFactoringdidnotredeemthebillsheldbytheacceptoraftermaturity,thecompany,astheplaintiff,filedalawsuitwiththecourtforthe65,221,300.00yuanduebillsandrequiredthebillacceptortohandoverthebillstothecompanyandthebillsinvolved.Andthedefaultinterestshallbearjointandseveralliabilityforrepayment.Asofthedateofissuanceofthisreport,thesecondinstancewasruledbythecourttodismisstheprosecution.Atpresent,theabove-mentionedcommercialacceptancebillhasnotbeenhonoredduringtheretrialofthecase.
(5)ThedisputeamongtheCompanyandChinaEnergyElectricFuelCo.,Ltd.,ChinaEnergy(Shanghai)EnterpriseCo.,Ltd.,ShanghaiNengpingEnterpriseCo.,Ltd.andShenzhenQianhaiBaoyingCommercialFactoringCo.,Ltd.overtherightofrecourseforbillsinvolvestheamountofthesubjectmatterofthelawsuittobeRMB50millionandthecorrespondinginterest.InSeptember2018,theCompanyfiledalawsuitwithShenzhenIntermediatePeople’sCourt,whichhaspreservedthedefendant’scorrespondingproperty.Thejudgmentofthiscasehascomeintoeffect.Inthecourt'sjudgment,defendantssuchasChinaEnergyElectricFuelCo.,Ltd.shallpaythebillamountofRMB50millionandtherelevantinteresttotheCompany.Duringtheexecutionofthecase,thecourtruledthattheCompanyshouldaddthedefendantshareholderastheco-executedparty.Asofthedateofissuanceofthisreport,thecaseisintheexecutionstage.
(6)ThedisputeinbillrecourseamongthesubsidiaryoftheCompany,KonkaFactoring(Shenzhen)Co.,Ltd.,TahoeGroupCo.,Ltd.,FuzhouTaijiaEnterpriseCo.,Ltd.andXiamenLianchuangMicro-electronicsCo.,Ltd.,hasinvolvedwiththeunderlyingamountofRMB50millionandrelevantinterest.InJanuary2019,theCompanyfiledalawsuittoXiamenMunicipalIntermediatePeople’sCourt,andtheCompanyhasappliedforpropertypreservationtothecourt.Asoftheissuancedateofthisreport,thecasehasnotgivenjudgment.
(7)TheloancontractdisputesrelatedtotheCompany’ssubsidiaryJiangxiKonkaanditssubsidiaryXinfengMicrocrystaline,JiangxiHighTransparentSubstrate,ChinaGreatWallAMCJiangxiBranch,ZhuXinming,LengSumin,JiangxiXinzixin,JiangxiXinxinJian’an
Engineering,JiangxiZhongyiDecorativeMaterial,JiangxiShanshiScienceandTechnologyandetc.DuetotheaffiliatedpartiesofJiangxiKonka’soriginalshareholder,i.e.JiangxiXinxinJian’anEngineering,JiangxiZhongyiDecorativeMaterial,JiangxiShanshiTechnology,failedtorepaytheloanonschedule.Therefore,ChinaGreatWallAMCJiangxiBranchfiledalawsuitanddemandedJiangxiXinxinJian’anEngineering,JiangxiZhongyiDecorativeMaterial,JiangxiShanshiScienceandTechnologytorepaytheloanprincipalofRMB300million,liquidateddamagesofRMB108,000andinterestofRMB13.65million.GuarantorsJiangxiKonka,ZhuXinming,LengSumin,NanoCrystallizedGlassandXinfengMicrocrystalinewererequiredtobearjointliabilityfortheabovedebts.OnOctober31,2019,theJiangxiProvincialSuperiorPeople’sCourtruledinfirstinstancethatJiangxiXinxinJian’anEngineering,JiangxiZhongyiDecorativeMaterial,JiangxiShanshiTechnologywouldrepaytheloanprincipalofRMB100million,interestandliquidateddamagestoChinaGreatWallAMCJiangxiBranchwithin10daysfromtheeffectivedateofthejudgmentrespectively.JiangxiKonka,ZhuXinming,LengSumin,NanoCrystallizedGlassandXinfengMicrocrystalineshallbearjointandseveralliabilitiesforalldebtsdeterminedbytheabovejudgment.Thedefendantsdissatisfiedwiththefirst-instancejudgmentandfiledanappeal,andtheSupremePeople'sCourthasacceptedthis;inJune2021,thesecond-instancecourtruledthatthecaseshouldbesentbacktothefirst-instancecourtforretrial.Asofthedateofissuanceofthisreport,thecaseisstillundertrial.TheactualcontrollerofKonkaNewMaterials,ZhuXinming,andhisspouse,LengSumin,asguarantors,providedatotalofaboutRMB143millionofrealestatemortgageguaranteetoGreatWallAMCfortheaboveloans.ZhuXinmingandLengSuminalsoprovidedjointliabilityguarantees.InordertoavoidtheadverseimpactofthiscaseontheCompany,theCompanyhasagreedintheacquisitionagreementofJiangxiKonka,XinfengMicrocrystallineandnanometermicrocrystallinethatallcontingentdebtsincurredbyJiangxiKonkabytheoriginalshareholdersofKonkanewmaterialintheformofjointandseveralliability.JiangxiXinzixinRealEstateCo.,ltd.hasheldatotalofaboutRMB243millionofrealestateassetsasthecaseoftheanti-guaranteemortgagetoKonkagroupandwentthroughthemortgageregistrationprocedures.Asofthedateofthisreport,thecaseisstillontrialandtheabovecommercialacceptancebillhasnotbeenhonored.
(8)Thecompany'ssubsidiaryKonkaHuanjiaEnvironmentalProtectionTechnologyCo.,Ltd.andHuanjiaGroupCo.,Ltd.,DalianJinshundaMaterialRecyclingCo.,Ltd.andother14companieshavefiledacaseinvolvingdisputesoverthesaleandpurchasecontract,andtheamountinvolvedinthelitigationisRMB568,491,466.67.KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.hasappliedforthecourttosealupandfreezethedefendant'scorrespondingproperty.Asofthedateofissuanceofthisreport,thesecondinstanceofthiscaseisundertrialandnoeffectivejudgmenthasbeenissuedforthiscase.
(9)Thecompany'ssubsidiaryKonkaHuanjiaEnvironmentalProtectionTechnologyCo.,Ltd.andHuanjiaGroupCo.,Ltd.,HenanHaoruiRenewableResourcesRecyclingCo.,Ltd.andothercompanieshavefiledacaseinvolvingdisputesoverthesaleandpurchasecontract,andtheamountofthelitigationinvolvedisRMB202,139,597.77.Asofthedateofissuanceofthisreport,noeffectivejudgmenthasbeenissuedforthiscase.
(10)ThedisputebetweentheCompanyandWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.,PengChaojun,HeJiaguo,HeJiayi,LiangXiangzhou,XuYizheng,HeFan,PangHuasheng,SongLiangming,andLiangXiangmeiontherightofrecourseforbillsinvolvedalitigationsubjectamountofRMB200,000,000.00andcorrespondinginterest.InSeptember2020,thecompanyfiledalawsuitwiththeWuhanIntermediatePeople'sCourt,andthecompanyhasappliedtothecourtforpropertypreservation.Asofthedateofissuanceofthisreport,noeffectivejudgmenthasbeenissuedforthiscase.
(11)ThedisputeinsalescontractbetweenthesubsidiaryoftheCompany,DongguanKonkaandDongguanGaonengPolymerMaterialsCo.,Ltd.,WangDong,ShenzhenXinlianXingyaoTradingCo.,Ltd.,ShenzhenJinchuanQianchaoNetworkTechnologyCo.,Ltd.,PuningJunlongTradingCo.,Ltd.,HuangZhihaohaveinvolvedinRMB90,100,998.78(includingRMB52,718,868.54ofoverduepayment,thecorrespondingliquidateddamagesandlitigationcosts).InJanuary2021,thecourtopenedthecase,andthecaseiscurrentlybeingheardinShenzhenNanshanDistrictPeople'sCourt.Asofthedateofissuanceofthisreport,noeffectivejudgmenthasbeenissuedforthiscase.
(12)Thecompany'ssubsidiaryAnhuiKonkaElectronicsCo.,Ltd.,ShanghaiLikaiLogisticsCo.,Ltd.ShenzhenBranchandShanghaiLikaiLogisticsCo.,Ltd.inthecaseofmaritimeandseafreightforwardingagencycontractdisputes,theamountinvolvedinthelitigationisUSD5,393,051.14.InJanuary2020,thecompanyfiledalawsuitinthecourt.Asofthedateofissuanceofthisreport,thecaseisintheexecutionstage,andthecompanyhasappliedtothecourtforpropertypreservation.
(13)ThedisputeincapitalincreaseamongthesubsidiaryoftheCompany,ShenzhenNianhua,FangXianglongandJiangYanhasinvolvedinRMB20,451,631.52,andShenzhenNianhuahasappliedforpropertypreservationtothecourt.Asofthedateofissuanceofthisreport,thecasehasbeencompleted,andtheShenzhenCourtofInternationalArbitrationhasissuedanaward,whichiscurrentlybeingimplemented.XIII.CommitmentandContingency
1.CapitalCommitments
| Item | Endingbalance | Beginningbalance |
| Commitmentssignedbuthasn’tbeenrecognizedinfinancialstatements | ||
| —Commitmentonconstructionandpurchaseoflong-livedassets | 277,628,800.00 | |
| —Contractwithlargeamount | 4,476,840,238.01 | 4,310,308,187.10 |
| —Foreigninvestmentcommitments | ||
| Total | 4,476,840,238.01 | 4,587,936,987.10 |
2.OperatingLeaseCommitmentsAsofthebalancesheetdate,theirrevocableoperatingleasecommitmentsthattheCompanysignedwereasfollowed:
| Item | Endingbalance | Beginningbalance |
| Minimumleasepaymentsofirrevocableoperatinglease | ||
| 1yearafterbalancedate | 52,100,737.92 | 52,265,285.12 |
| 2yearsafterbalancedate | 19,853,468.21 | 36,586,799.43 |
| 3yearsafterbalancedate | 8,034,015.25 | 8,779,702.07 |
| Followingyears | 27,532,381.93 | 26,662,526.63 |
| Total | 107,520,603.31 | 124,294,313.25 |
3.OtherCommitmentsAsof30June2021,therewerenoothersignificantcommitmentsfortheCompanytodisclose.XIV.EventsafterBalanceSheetDateNosignificantnon-adjustedeventsXV.OtherSignificantEventsOn2August2021,itwasdeterminedduringthe44thmeetingofthe9thBoardofDirectorsoftheCompanythat,the11.70%equityheldbytheCompanyinEconTechnologyCo.,Ltd.wouldbetransferredintheformofpubliclistingintheState-ownedPropertyRightExchangeinaccordancewiththeproceduresfortradingandlistingofstate-ownedpropertyrights,withthelistingpricethereofbeingexpectednottobelowerthanRMB306million.Ifequitytransferprocedurescanbecompletedwithin2021,andthefactthatneitherthebookvaluenorthelistingpriceofEconTechnologyCo.,Ltd.islowerthanRMB306millionon30June2021istakenascalculationbasis,theamountofafter-taxgainsarisingfromtheCompany'sdisposaloflong-termequityinvestmentisexpectedtoberoughlyRMB22,572,900,withtheremainingequitybeingcalculatedbytheequitymethodandremeasuredatfairvalue.Andaccordingly,thetotalamountofafter-taxgainstherefromisexpectedtoberoughlyRMB196,637,800.On2August2021,itwasdeterminedduringthe44thmeetingofthe9thBoardofDirectorsoftheCompanythat,the70.00%equityofShenzhenYipingfangNetworkTechnologyCo.,Ltd.heldbytheCompanywouldbetransferredintheformofpubliclistingintheState-ownedPropertyRightExchangeinaccordancewiththeproceduresfortradingandlistingofstate-ownedpropertyrights,withthelistingpricethereofbeingexpectednottobelowerthanRMB2.8billion.Ifequitytransferprocedurescanbecompletedwithin2021,andthefactthatneitherthebookvaluenorthelistingpriceofYipingfangNetworkTechnologyCo.,Ltd.islowerthanRMB2.8billionon30June2021istakenascalculationbasis,theamountofafter-taxgainsarisingfromtheCompany'sdisposaloflong-termequityinvestmentisexpectedtoberoughlyRMB1,812,680,200,withtheremainingequitybeingcalculatedbytheequitymethodandremeasuredatfairvalue.Andaccordingly,thetotalamountofafter-taxgainstherefromisexpectedtoberoughlyRMB913,909,400.XVI.NotesofMainItemsintheFinancialStatementsoftheCompanyastheParent
1.AccountsReceivable
(1)ListedbyWithdrawalMethodofExpectedCreditLoss
| Category | Endingbalance | ||
| Carryingamount | Baddebtprovision | Carryingvalue | |
| Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
| Accountsreceivableforwhichexpectedcreditlosswithdrawnseparately | 945,635,734.73 | 12.04 | 555,833,448.49 | 58.78 | 389,802,286.24 |
| Accountsreceivableforwhichexpectedcreditlosswithdrawnbygroup | |||||
| Ofwhich:Aginggroup | 576,499,022.45 | 7.34 | 181,416,522.05 | 31.47 | 395,082,500.40 |
| Relatedpartygroup | 6,331,764,320.94 | 80.62 | 6,331,764,320.94 | ||
| Subtotalofgroups | 6,908,263,343.39 | 87.96 | 181,416,522.05 | 2.63 | 6,726,846,821.34 |
| Total | 7,853,899,078.12 | 100.00 | 737,249,970.54 | 9.39 | 7,116,649,107.58 |
(Continued)
| Category | Beginningbalance | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | |||
| Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
| Accountsreceivableforwhichexpectedcreditlosswithdrawnseparately | 948,510,887.48 | 18.22 | 552,922,400.60 | 58.29 | 395,588,486.88 |
| Accountsreceivableforwhichexpectedcreditlosswithdrawnbygroup | |||||
| Ofwhich:Aginggroup | 574,995,507.05 | 11.05 | 178,675,741.20 | 31.07 | 396,319,765.85 |
| Relatedpartygroup | 3,681,343,439.12 | 70.73 | 3,681,343,439.12 | ||
| Subtotalofgroups | 4,256,338,946.17 | 81.78 | 178,675,741.20 | 4.20 | 4,077,663,204.97 |
| Category | Beginningbalance | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | |||
| Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
| Total | 5,204,849,833.65 | 100.00 | 731,598,141.80 | 14.06 | 4,473,251,691.85 |
1)WithdrawalofExpectedCreditLossSeparately
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion(%) | Reason | |
| CEFC(Shanghai)GroupCo.,Ltd. | 300,018,021.01 | 240,014,416.81 | 80.00 | Debtdefault |
| TewooGroupCo.,Ltd. | 200,000,000.00 | 90,000,000.00 | 45.00 | Judicialreorganization |
| JiangsuHongtuSanbaoHigh-TechTechnologyCo.,Ltd. | 200,000,000.00 | 80,000,000.00 | 40.00 | Agreementreorganization |
| ChinaNuclearEngineeringConstructionGroupCo.,Ltd. | 72,639,096.65 | 22,374,785.74 | 30.80 | Increasedcreditrisk |
| CCCCNo.1NavigationBureauNo.1EngineeringCo.,Ltd | 55,438,105.00 | 48,915,975.00 | 88.24 | Expectedtobedifficulttorecoverinfull |
| Other | 117,540,512.07 | 74,528,270.94 | 63.41 | Expectedtobedifficulttorecoverinfull |
| Total | 945,635,734.73 | 555,833,448.49 | 58.78 | |
2)WithdrawalofExpectedCreditLossbyGroup
①AmongGroups,WithdrawalofExpectedCreditLossbyAging
| Aging | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion(%) | |
| Within1year | 350,252,796.23 | 7,145,157.04 | 2.04 |
| 1to2years | 13,763,442.36 | 1,379,096.92 | 10.02 |
| 2to3years | 49,407,659.29 | 11,210,597.89 | 22.69 |
| 3to4years | 3,967,694.68 | 2,574,240.31 | 64.88 |
| Over4years | 159,107,429.89 | 159,107,429.89 | 100.00 |
| Aging | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion(%) | |
| Total | 576,499,022.45 | 181,416,522.05 | 31.47 |
②AmongGroups,WithdrawalofExpectedCreditLossbyAdoptingOtherMethod
| Aging | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion(%) | |
| Relatedpartygroup | 6,331,764,320.94 | ||
| Total | 6,331,764,320.94 | ||
Listedbyaginggroup
| Aging | Endingbalance |
| Within1year | 6,115,727,810.61 |
| 1to2years | 782,294,915.68 |
| 2to3years | 774,788,936.76 |
| 3to4years | 6,993,650.35 |
| Over4years | 174,093,764.72 |
| Subtotal | 7,853,899,078.12 |
| Less:baddebtprovision | 737,249,970.54 |
| Total | 7,116,649,107.58 |
(3)InformationofBadDebtProvisionintheReportingPeriod
| Category | Beginningbalance | Changedamount | Endingbalance | ||
| Withdrawn | Collectedorreversed | Write-offorverified | |||
| AccountsReceivableBadDebtProvision | 731,598,141.80 | 5,651,828.74 | 737,249,970.54 | ||
| Total | 731,598,141.80 | 5,651,828.74 | 737,249,970.54 | ||
(4)ActualVerificationofAccountsReceivableNoactualverifiedaccountsreceivableintheReportingPeriod.
(5)Top5oftheEndingBalanceoftheAccountsReceivableCollectedaccordingtoArrearsPartyTotalamountofTop5ofendingbalanceofaccountsreceivablecollectedaccordingtoarrearspartywasRMB6,330,799,109.11accountingfor80.61%oftotalendingbalanceofaccountsreceivable.TotalendingbalanceofbaddebtprovisionwithdrawnwasRMB0.00.
(6)ThereWasNoAccountReceivableTerminatedtheRecognitionowningtotheTransferoftheFinancialAssets.
(7)ThereWasNoAssetandLiabilityFormedduetotheTransferofAccountsReceivableandContinuedInvolvementintheReportingPeriod.
2.OtherReceivables
| Item | Endingbalance | Beginningbalance |
| Interestreceivable | 53,913,996.27 | 41,138,869.97 |
| Dividendsreceivable | 746,582,755.50 | 749,431,635.50 |
| Otherreceivables | 10,389,265,221.89 | 9,244,298,847.60 |
| Total | 11,189,761,973.66 | 10,034,869,353.07 |
2.1Interestreceivable
| Item | Endingbalance | Beginningbalance |
| Termdeposits | 1,322,411.54 | 6,830,211.26 |
| Entrustmentloans | 52,589,846.73 | 34,303,196.21 |
| Factoringinterest | 1,738.00 | 5,462.50 |
| Total | 53,913,996.27 | 41,138,869.97 |
2.2Dividendsreceivable
| Investee | Endingbalance | Beginningbalance |
| HongKongKonkaLimited | 247,959,840.00 | 250,808,720.00 |
| SuiningKonkaIndustrialParkDevelopmentCo.,Ltd. | 280,000,000.00 | 280,000,000.00 |
| DongguanKonkaElectronicCo.,Ltd. | 218,622,915.50 | 218,622,915.50 |
| Total | 746,582,755.50 | 749,431,635.50 |
2.3Otherreceivables
(1)ClassifiedbyAccountNature
| Nature | Endingcarryingamount | Beginningcarryingamount |
| Depositandmargin | 9,782,440.75 | 9,180,409.27 |
| Intercoursefundsamongsubsidiaries | 10,713,099,519.74 | 9,378,801,127.33 |
| Intercoursefundswithotherrelatedparties | 54,319,116.46 | 118,043,953.69 |
| Energy-savingsubsidyreceivable | 141,549,150.00 | 141,549,150.00 |
| Other | 43,603,862.77 | 89,315,201.21 |
| Total | 10,962,354,089.72 | 9,736,889,841.50 |
(2)WithdrawalofBadDebtProvision
| Baddebtprovision | PhaseI | PhaseII | PhaseIII | Total |
| Expectedcreditlossesoverthenext12months | Expectedcreditlossesfortheentireduration(nocreditimpairment) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| Balanceon1January2021 | 1,901,190.46 | 18,128,678.66 | 472,561,124.78 | 492,590,993.90 |
| IntheReportingPeriod,Carryingamountofother |
| Baddebtprovision | PhaseI | PhaseII | PhaseIII | Total |
| Expectedcreditlossesoverthenext12months | Expectedcreditlossesfortheentireduration(nocreditimpairment) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| receivableson1January2021: | ||||
| ——TransferredtothePhaseII | -679,520.48 | 679,520.48 | ||
| ——TransferredtothePhaseIII | -233,220.74 | 233,220.74 | ||
| ——TransferredbacktothePhaseII | ||||
| ——TransferredbacktothePhaseI | ||||
| Withdrawal | -750,500.52 | 2,014,233.70 | 79,234,140.75 | 80,497,873.93 |
| Recovery | ||||
| Write-off | ||||
| Verification | ||||
| Otherchanges | ||||
| Balanceon30June2021 | 471,169.46 | 20,589,212.10 | 552,028,486.27 | 573,088,867.83 |
Note:Thefirststageisthatcreditriskhasnotincreasedsignificantlysinceinitialrecognition.Forotherreceivableswithanagingportfolioandalow-riskportfoliowithin1year,thelossprovisionismeasuredaccordingtotheexpectedcreditlossesinthenext12months.Thesecondstageisthatcreditriskhasincreasedsignificantlysinceinitialrecognitionbutcreditimpairmenthasnotyetoccurred.Forotherreceivableswithanagingportfolioandalow-riskportfoliothatexceed1year,thelossprovisionismeasuredbasedontheexpectedcreditlossesfortheentireduration.Thethirdstageisthecreditimpairmentafterinitialconfirmation.Forotherreceivablesofcreditimpairmentthathaveoccurred,thelossprovisionismeasuredaccordingtothecreditlossesthathaveoccurredthroughouttheduration.
(3)Withdrawingbaddebtprovisionforotherreceivablesaccordingtogroup
| Category | Endingbalance | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | |||
| Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
| Otherreceivableswithsignificantindividualamountandmake | 1,827,625,727.00 | 16.67 | 552,028,486.27 | 30.20 | 1,275,597,240.73 |
| Category | Endingbalance | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | |||
| Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
| independentprovisionforexpectedcreditloss | |||||
| Otherreceivableswithdrawnbaddebtprovisionaccordingtocreditriskscharacteristics | |||||
| Aginggroup | 73,490,701.10 | 0.67 | 18,562,326.44 | 25.26 | 54,928,374.66 |
| Low-riskgroup | 11,022,883.60 | 0.10 | 2,498,055.12 | 22.66 | 8,524,828.48 |
| Relatedpartygroup | 9,050,214,778.02 | 82.56 | 9,050,214,778.02 | ||
| Subtotalofgroups | 9,134,728,362.72 | 83.33 | 21,060,381.56 | 0.23 | 9,113,667,981.16 |
| Total | 10,962,354,089.72 | 100.00 | 573,088,867.83 | 5.23 | 10,389,265,221.89 |
(Continued)
| Category | Beginningbalance | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | |||
| Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
| Otherreceivableswithsignificantindividualamountandmakeindependentprovisionforexpectedcreditloss | 1,764,691,060.74 | 18.12 | 472,561,124.78 | 26.78 | 1,292,129,935.96 |
| Otherreceivableswithdrawnbaddebtprovisionaccordingto | |||||
| creditriskscharacteristics | |||||
| Aginggroup | 128,885,012.86 | 1.32 | 15,447,446.31 | 11.99 | 113,437,566.55 |
| Low-riskgroup | 17,273,953.16 | 0.18 | 4,582,422.81 | 26.53 | 12,691,530.35 |
| Relatedpartygroup | 7,826,039,814.74 | 80.38 | 7,826,039,814.74 | ||
| Subtotalofgroups | 7,972,198,780.76 | 81.88 | 20,029,869.12 | 0.25 | 7,952,168,911.64 |
| Total | 9,736,889,841.50 | 100.00 | 492,590,993.90 | 5.06 | 9,244,298,847.60 |
(4)Listedbyaging
| Aging | Endingbalance |
| Within1year | 6,503,725,089.94 |
| 1to2years | 1,554,353,123.80 |
| 2to3years | 2,474,591,150.18 |
| 3to4years | 118,889,752.90 |
| 4to5years | 45,359,999.98 |
| Over5years | 265,434,972.92 |
| Subtotal | 10,962,354,089.72 |
| Less:baddebtprovision | 573,088,867.83 |
| Total | 10,389,265,221.89 |
(5)BadDebtProvisionforOtherReceivablesTheamountofbaddebtprovisionforthisyearwasRMB80,497,873.93,andotherreceivablesactuallywrittenoffinthisperiodwereRMB0.00.
(6)Otherreceivableswithtopfiveendingbalancescollectedbydebtors.InReportingPeriod,thetotalamountofthetopfiveotherreceivablescollectedbydebtorsattheendoftheReportingPeriodwasRMB7,626,568,292.03,accountingfor69.57%ofthetotalamountofotherreceivablesattheendoftheReportingPeriod,andthetotalamountofthecorrespondingaccruedbaddebtreservesattheendoftheReportingPeriodwasRMB393,127,325.57.
(7)ThereWasNoOtherReceivablesTerminatedtheRecognitionowningtotheTransferoftheFinancialAssets.
(8)ThereWasNoAssetandLiabilityFormedbytheTransferandtheContinuesInvolvementofOtherReceivables.
3.Long-termEquityInvestment
（1）CategoryofLong-termEquityInvestment
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Depreciationreserve | Carryingvalue | Carryingamount | Depreciationreserve | Carryingvalue | |
| Investmenttosubsidiaries | 7,376,927,068.77 | 102,532,484.69 | 7,274,394,584.08 | 7,083,817,068.77 | 102,532,484.69 | 6,981,284,584.08 |
| Investmenttoassociatesandjointventures | 1,782,484,259.87 | 26,166,078.16 | 1,756,318,181.71 | 1,851,048,093.64 | 26,166,078.16 | 1,824,882,015.48 |
| Total | 9,159,411,328.64 | 128,698,562.85 | 9,030,712,765.79 | 8,934,865,162.41 | 128,698,562.85 | 8,806,166,599.56 |
（2）InvestmenttoSubsidiaries
| Investee | Beginningbalance | Increase | Decrease | Endingbalance | Provisionforimpairmentthisyear | Endingbalanceofdepreciationreserve |
| 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 | ||||
| KonkaElectricalAppliances | 1.00 | 1.00 | 10,732,484.69 | |||
| TelecommunicationTechnology | 360,000,000.00 | 360,000,000.00 |
| Investee | Beginningbalance | Increase | Decrease | Endingbalance | Provisionforimpairmentthisyear | Endingbalanceofdepreciationreserve |
| MobileInterconnection | 100,000,000.00 | 100,000,000.00 | ||||
| AnhuiTongchuang | 779,702,612.22 | 779,702,612.22 | ||||
| Kangjiatong | 15,300,000.00 | 15,300,000.00 | ||||
| PengrunTechnology | 25,500,000.00 | 25,500,000.00 | ||||
| DongguanPacking | 8,602,009.10 | 8,602,009.10 | ||||
| E2info | 19,322,040.00 | 19,322,040.00 | ||||
| BeijingKonkaElectronic | 200,000,000.00 | 200,000,000.00 | ||||
| KonkaCircuit | 91,000,000.00 | 188,950,000.00 | 279,950,000.00 | |||
| 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 | ||||
| YantaiLaikang | ||||||
| EconTechnology | 688,500,000.00 | 688,500,000.00 | ||||
| KonkaHuanjia | 91,800,000.00 | |||||
| ShanghaiKonka | 40,000,000.00 | 40,000,000.00 | ||||
| JiangxiKonka | 689,680,000.00 | 689,680,000.00 | ||||
| ShenzhenNianhua | 30,000,000.00 | 30,000,000.00 | ||||
| ShenzhenKONSEMI | 100,000,000.00 | 100,000,000.00 |
| Investee | Beginningbalance | Increase | Decrease | Endingbalance | Provisionforimpairmentthisyear | Endingbalanceofdepreciationreserve |
| KonkaEco-Development | 50,000.00 | 50,000.00 | ||||
| SuiningKonka | 200,000,000.00 | 200,000,000.00 | ||||
| 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 | ||||
| ChongqingOptoelectronicInstitute | 933,333,333.33 | 933,333,333.33 | ||||
| XinyingSemiconductor | 56,000,000.00 | 36,520,000.00 | 92,520,000.00 | |||
| Jiangkang(Shanghai)Technology | ||||||
| NingboKanghanruiElectricalAppliances | 90,000,000.00 | 90,000,000.00 |
| Investee | Beginningbalance | Increase | Decrease | Endingbalance | Provisionforimpairmentthisyear | Endingbalanceofdepreciationreserve |
| KonkaZhizao | 510.00 | 510.00 | ||||
| SuiningJiarunRealEstate | 10,000,000.00 | 10,000,000.00 | ||||
| YantaiKangyun | 1,530,000.00 | 1,530,000.00 | ||||
| ChongqingKanglei | ||||||
| YibinKangrun | 67,000,000.00 | 67,000,000.00 | ||||
| HenanKangxinRealEstate | ||||||
| KonkaMaterial | 4,304,752.93 | 4,304,752.93 | ||||
| ShenzhenKangxinRealEstate | 25,500,000.00 | 25,500,000.00 | ||||
| ShaanxiKonkaIntelligent | 34,170,000.00 | 34,170,000.00 | ||||
| IndustrialandTradeTechnology | 5,000,000.00 | 5,000,000.00 | ||||
| KonkaHuazhong | 30,000,000.00 | 30,000,000.00 | ||||
| Total | 6,981,284,584.08 | 320,140,000.00 | 27,030,000.00 | 7,274,394,584.08 | 102,532,484.69 |
（
）InvestmenttoJointVenturesandAssociatedEnterprises
| Investee | Balanceattheendoflastyearatthebeginningoftheyear | Increase-decrease | |||
| Additionalinvestment | Reducedinvestment | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
| AnhuiKaikaiShijieE-commerceCo.,Ltd. | 17,400,738.44 | ||||
| Investee | Balanceattheendoflastyearatthebeginningoftheyear | Increase-decrease | |||
| Additionalinvestment | Reducedinvestment | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
| WanjunTechnology(Kunshan)Co.,Ltd. | 121,579,584.17 | -2,046,465.83 | |||
| KunshanKangsheng | 175,254,554.65 | 32,849,354.55 | |||
| ChutianDragonCo.,Ltd. | 650,206,807.02 | 4,824,758.43 | |||
| HelongjiangLongkangZhijiaTechnologyCo.,Ltd. | 1,100,842.29 | -3,709.66 | |||
| KonkaGreen,KonkaTechnology | 75,261,304.56 | 75,261,304.56 | |||
| ShaanxiSilkRoadCloudIntelligentTechCo.,Ltd. | 17,649,295.81 | -1,596,222.64 | |||
| ShenzhenKonkaInformationNetworkCo.,Ltd. | |||||
| ShenzhenZhongbinKonkaTechnologyCo.,Ltd. | 2,214,307.33 | -2,214,307.33 | |||
| ShenzhenKonkaIntelligentElectricalApparatusCo.,Ltd. | 3,813,134.28 | -1,441,954.44 | |||
| ShenzhenBosserNewMaterialsCo.,Ltd. | 58,400,000.00 | -2,064,227.96 | |||
| ShenzhenYaodeTechnologyCo.,Ltd. | 219,128,661.62 | -4,569,192.27 | |||
| WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 304,654,243.69 | 13,222,348.47 | |||
| KonkaE-display | 11,774,141.26 | ||||
| ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 5,899,324.39 | -1,172,317.71 | |||
| ChuzhouKangjinHealthIndustrial | 15,251,484.01 | -6,410,036.65 | |||
| Investee | Balanceattheendoflastyearatthebeginningoftheyear | Increase-decrease | |||
| Additionalinvestment | Reducedinvestment | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
| DevelopmentCo.,Ltd. | |||||
| HaimenKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | 19,044,986.77 | -3,070,358.71 | |||
| ShenzhenKangyueEnterpriseCo.,Ltd. | 3,348,297.05 | -170,576.56 | |||
| DongguanKonkaInvestmentCo.,Ltd. | 42,158,277.63 | -12,122,313.26 | |||
| ChongqingKonkaRealEstateDevelopmentCo.,Ltd. | 15,778,426.04 | -7,987,220.86 | |||
| ChongqingChengdaRealEstateCo.,Ltd. | 13,684,752.24 | -303,372.41 | |||
| ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 14,704,242.50 | -1,310,518.75 | |||
| E3info(Hainan)TechnologyCo.,Ltd. | 36,574,609.73 | 3,310,556.06 | |||
| ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 6,000,000.00 | -1,063,135.76 | |||
| YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 1,021,017.42 | -264,633.34 | |||
| Total | 1,824,882,015.48 | 7,021,017.42 | 75,261,304.56 | 6,396,453.37 | |
(Continued)
| Investee | Increase/decrease | Endingbalance(carryingvalue) | Endingbalanceofdepreciationreserve | |||
| Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Other | |||
| Investee | Increase/decrease | Endingbalance(carryingvalue) | Endingbalanceofdepreciationreserve | |||
| Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Other | |||
| AnhuiKaikaiShijieE-commerceCo.,Ltd. | 17,400,738.44 | |||||
| WanjunTechnology(Kunshan)Co.,Ltd. | 119,533,118.34 | |||||
| KunshanKangsheng | 208,103,909.20 | |||||
| ChutianDragonCo.,Ltd. | 6,720,000.00 | 648,311,565.45 | ||||
| HelongjiangLongkangZhijiaTechnologyCo.,Ltd. | 1,097,132.63 | 2,470,398.03 | ||||
| KonkaGreen,KonkaTechnology | ||||||
| ShaanxiSilkRoadCloudIntelligentTechCo.,Ltd. | 16,053,073.17 | |||||
| ShenzhenKonkaInformationNetworkCo.,Ltd. | 5,158,909.06 | |||||
| ShenzhenZhongbinKonkaTechnologyCo.,Ltd. | ||||||
| ShenzhenKonkaIntelligentElectricalApparatusCo.,Ltd. | 2,371,179.84 | |||||
| ShenzhenBosserNewMaterialsCo.,Ltd. | 56,335,772.04 | 18,536,771.07 | ||||
| ShenzhenYaodeTechnologyCo.,Ltd. | 214,559,469.35 | |||||
| WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 317,876,592.16 | |||||
| KonkaE-display | 11,774,141.26 | |||||
| ChuzhouKonkaTechnologyIndustry | 4,727,006.68 | |||||
| Investee | Increase/decrease | Endingbalance(carryingvalue) | Endingbalanceofdepreciationreserve | |||
| Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Other | |||
| DevelopmentCo.,Ltd. | ||||||
| ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 8,841,447.36 | |||||
| HaimenKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | 15,974,628.06 | |||||
| ShenzhenKangyueEnterpriseCo.,Ltd. | 3,177,720.49 | |||||
| DongguanKonkaInvestmentCo.,Ltd. | 30,035,964.37 | |||||
| ChongqingKonkaRealEstateDevelopmentCo.,Ltd. | 7,791,205.18 | |||||
| ChongqingChengdaRealEstateCo.,Ltd. | 13,381,379.83 | |||||
| ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 13,393,723.75 | |||||
| E3info(Hainan)TechnologyCo.,Ltd. | 39,885,165.79 | |||||
| ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 4,936,864.24 | |||||
| YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 756,384.08 | |||||
| Total | 6,720,000.00 | 1,756,318,181.71 | 26,166,078.16 | |||
4.OperatingRevenueandCostofSales
| Item | ReportingPeriod | SamePeriodoflastyear | ||
| Operatingrevenue | Costofsales | Operatingrevenue | Costofsales | |
| Mainoperations | 1,049,267,610.79 | 1,005,212,983.03 | 2,574,146,637.40 | 2,316,701,232.32 |
| Otheroperations | 152,113,795.91 | 74,048,575.31 | 801,299,393.49 | 634,398,598.53 |
| Total | 1,201,381,406.70 | 1,079,261,558.34 | 3,375,446,030.89 | 2,951,099,830.85 |
5.InvestmentIncome
| Item | ReportingPeriod | SamePeriodoflastyear |
| Long-termequityinvestmentincomeaccountedbycostmethod | ||
| Long-termequityinvestmentincomeaccountedbyequitymethod | 6,396,453.37 | 882,170.97 |
| Investmentincomefromdisposaloflong-termequityinvestment | 167,692,365.06 | 471,523,601.25 |
| Interestincomefromholdingofdebtobligationinvestments | 860,000.00 | 3,070,000.00 |
| Investmentincomefromdisposaloftradingfinancialassets | 3,405,333.03 | |
| Incomefromentrustfinancialproductsandentrustloans | 29,983,956.45 | |
| Investmentincomefromdisposaloffinancialassetsatfairvaluethroughprofitorloss | 21,845,500.00 | |
| Total | 196,794,318.43 | 508,865,061.70 |
XVII.ApprovalofFinancialStatementsThefinancialstatementwasapprovedon26August2021bytheBoardofDirectors.XVIII.SupplementaryMaterials
1.ItemsandAmountsofNon-recurringProfitorLoss
| Item | Amount | Note |
| Gain-Lossarisingfromdisposalofnon-currentassets | 268,231,018.80 | |
| Taxrebates,reductionsorexemptionsduetoapprovalbeyondauthorityorthelackofofficialapprovaldocuments | ||
| Governmentsubsidiesrecognizedinthecurrentperiod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 714,611,090.13 | |
| Capitaloccupationchargesonnon-financialenterprisesthatarerecordedintocurrentprofitorloss | ||
| GainsduetothattheinvestmentcostsfortheCompanytoobtainsubsidiaries,associatesandjointventuresare |
| Item | Amount | Note |
| lowerthantheenjoyablefairvalueoftheidentifiablenetassetsoftheinvesteeswhenmakingtheinvestments | ||
| Gain/Lossonnon-monetaryassetswap | ||
| Gain/Lossonentrustingotherswithinvestmentsorassetmanagement | ||
| AssetimpairmentprovisionsduetoactsofGodsuchasnaturaldisasters | ||
| Gain/Lossfromdebtrestructuring | ||
| Expensesonbusinessreorganization,suchasexpensesonstaffarrangements,integration,etc. | ||
| Gain/Lossonthepartoverthefairvalueduetotransactionswithdistinctlyunfairprices | ||
| Currentnetprofitorlossofsubsidiariesacquiredinbusinesscombinationunderthesamecontrolfromperiod-beginningtocombinationdate | ||
| Gain/LossincurredfromcontingencyunrelatedtotheCompany’snormaloperatingbusinesses. | ||
| Gain/lossfromchangeoffairvalueoftradingfinancialassetsandliabilities,andderivativefinancialassetsandliabilities,andinvestmentgainsfromdisposaloftradingfinancialassetsandliabilities,andderivativefinancialassetsandliabilities,andinvestmentinotherobligatoryrights,otherthanvalidhedgingrelatedtotheCompany’scommonbusinesses | 74,929,272.98 | |
| Reverseofbaddebtprovisionofaccountsreceivableindividuallyconductingimpairmenttest | ||
| Gain/lossonentrustmentloans | 36,464,688.55 | |
| Gain/lossonchangeinfairvalueofinvestmentpropertyofwhichthesubsequentmeasurementiscarriedoutadoptingfairvaluemethod | ||
| Effectoncurrentprofitorlosswhenaone-offadjustmentismadetocurrentprofitorlossaccordingtorequirementsoftaxation,accountingandotherrelevantlawsandregulations | ||
| Custodyfeeincomewhenentrustedwithoperation | ||
| Othernon-operatingincomeandexpenseotherthantheabove | 15,023,790.96 | |
| Projectconfirmedwiththedefinitionofnon-recurringgainsandlosses | ||
| Subtotal | 1,109,259,861.42 | |
| Less:Incometaxeffects | 229,844,293.22 | |
| Non-controllinginterestseffects(aftertax) | 83,841,010.78 | |
| Total | 795,574,557.42 |
(1)TheexplanationoftheCompanyto“Projectconfirmedwiththedefinitionofnon-recurringgainsandlosses”anddefinenon-recurringgainsandlossesasrecurringgainsandlossesaccordingtothenatureandfeaturesofnormalbusinessoperationsofcompany.
| Item | Amount | Reason |
| Item | Amount | Reason |
| Softwaretaxrefund | 6,085,265.89 | Governmentsubsidieswhicharecloselyrelatedtothenormalbusinessofthecompanyandwhichareinaccordancewithnationalpoliciesandcertainstandardquotaorquantitativeamount |
| Total | 6,085,265.89 |
2.ReturnonEquityandEarningsPerShare
| ProfitasofReportingPeriod | WeightedaverageROE(%) | EPS(Yuan/share) | |
| EPS-basic | EPS-diluted | ||
| NetprofitattributabletoordinaryshareholdersoftheCompany | 1.01% | 0.0355 | 0.0355 |
| NetprofitattributabletoordinaryshareholdersoftheCompanyafterdeductionofnon-recurringprofitorloss | -8.38% | -0.2927 | -0.2927 |
| ProfitasofReportingPeriod | WeightedaverageROE(%) | EPS(Yuan/share) | |
| EPS-basic | EPS-diluted | ||
| Thenetprofitofthecommonshareholdersofacompany | |||
TheBoardofDirectorsKonkaGroupCo.,Ltd.27August2021