KonkaGroupCo.,Ltd.AnnualReport2023
KONKAGROUPCO.,LTD.
ANNUALREPORT2023
2024-18
April2024
KonkaGroupCo.,Ltd.AnnualReport2023
PartIImportantNotes,TableofContentsandDefinitionsTheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofKonkaGroupCo.,Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.ZhouBin,theCompany’slegalrepresentative,LiChunlei,theCompany’sChiefFinancialOfficer(CFO),andPingHeng,theheadoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.Anyplansforthefutureorotherforward-lookingstatementsmentionedinthisReportanditssummaryshallNOTbeconsideredasabsolutepromisesoftheCompanytoinvestors.Therefore,investorsareremindedtoexercisecautionwhenmakinginvestmentdecisions.TheCompanyhasnofinaldividendplan,eitherintheformofcashorstock.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
KonkaGroupCo.,Ltd.AnnualReport2023
TableofContents
PartIImportantNotes,TableofContentsandDefinitions ...... 2
PartIICorporateInformationandKeyFinancialInformation ...... 9
PartIIIManagementDiscussionandAnalysis ...... 14
PartIVCorporateGovernance ...... 38
PartVEnvironmentalandSocialResponsibility ...... 66
PartVISignificantEvents ...... 79
PartVIIShareChangesandShareholderInformation ...... 108
PartVIIIPreferredShares ...... 115
PartIXCorporateBonds ...... 116
PartXFinancialStatements ...... 124
KonkaGroupCo.,Ltd.AnnualReport2023
DocumentsAvailableforReference
1.ThefinancialstatementswiththesignaturesandsealsoftheCompany’slegalrepresentative,ChiefFinancialOfficerandheadofthefinancialdepartment;
2.TheoriginalcopyoftheIndependentAuditor’sReportwiththesealoftheCPAfirmandthesignatures&sealsofthecertifiedpublicaccountants;
3.TheoriginalsofalltheCompany’sdocumentsandannouncementsdisclosedtothepublicintheReportingPeriod;
4.ThisReportanditssummarywiththesignatureoftheCompany’slegalrepresentativeandthesealoftheCompany;and
5.Otherrelevantmaterials.
KonkaGroupCo.,Ltd.AnnualReport2023
Definitions
Term | Definition |
The“Company”,the“Group”,“KonkaGroup”or“we” | KonkaGroupCo.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires |
ElectronicsTechnology | ShenzhenKonkaElectronicsTechnologyCo.,Ltd. |
AnhuiZhilian | AnhuiKonkaZhilianE-CommerceCo.,Ltd. |
HaimenKonka | NantongHaimenKonkaSmartTechnologyCo.,Ltd. |
ChengduKonkaSmart | ChengduKonkaSmartTechnologyCo.,Ltd. |
ChengduKonkaElectronic | ChengduKonkaElectronicCo.,Ltd. |
NantongHongdin | NantongHongdinSmartTechnologyCo.,Ltd. |
ShenzhenKangcheng | ShenzhenKangchengTechnologyInnovationandDevelopmentCo.,Ltd. |
XiaojiaTechnology | XiaojiaTechnologyCo.,Ltd. |
LiaoyangKangshunSmart | LiaoyangKangshunSmartTechnologyCo.,Ltd. |
LiaoyangKangshunRenewable | LiaoyangKangshunRenewableResourcesCo.,Ltd. |
NanjingKonka | NanjingKonkaElectronicsCo.,Ltd. |
ChuzhouKonka | ChuzhouKonkaPrecisionIntelligentManufacturingTechnologyCo.,Ltd. |
XingDaHongYe | GuangDongXingDaHongYeElectronicCo.,Ltd. |
KonkaCircuit | ShenzhenKonkaCircuitCo.,Ltd. |
KonkaFlexibleElectronic | SuiningKonkaFlexibleElectronicTechnologyCo.,Ltd. |
KonkaHongyeElectronics | SuiningKonkaHongyeElectronicsCo.,Ltd. |
BoluoPrecision | BoluoKonkaPrecisionTechnologyCo.,Ltd. |
BoluoKonka | BoluoKonkaPCBCo.,Ltd. |
AnhuiTongchuang | AnhuiKonkaTongchuangElectricalAppliancesCo.,Ltd. |
JiangsuKonkaSmart | JiangsuKonkaSmartElectricalAppliancesCo.,Ltd. |
AnhuiElectricalAppliance | AnhuiKonkaElectricalApplianceTechnologyCo.,Ltd. |
FrestecRefrigeration | HenanFrestecRefrigerationApplianceCo.,Ltd. |
FrestecElectricalAppliances | HenanFrestecElectricalAppliancesCo.,Ltd. |
FrestecHouseholdAppliances | HenanFrestecHouseholdAppliancesCo.,Ltd. |
FrestecSmartHome | HenanFrestecSmartHomeTechnologyCo.,Ltd. |
KonkaInvestment | ShenzhenKonkaInvestmentHoldingsCo.,Ltd. |
YibinKonkaTechnologyPark | YibinKonkaTechnologyParkOperationCo.,Ltd. |
KonkaCapital | ShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd. |
KonkaSuiyong | KonkaSuiyongInvestment(Shenzhen)Co.,Ltd. |
ShengxingIndustrial | ShenzhenKonkaShengxingIndustrialCo.,Ltd. |
ZhitongTechnology | ShenzhenKonkaZhitongTechnologyCo.,Ltd. |
KonkaElectronicMaterial | KonkaElectronicMaterialTechnology(Shenzhen)Co.,Ltd. |
BeijingKonkaElectronic | BeijingKonkaElectronicCo.,Ltd. |
TianjinKonka | TianjinKonkaTechnologyCo.,Ltd. |
SuiningKonkaIndustrialPark | SuiningKonkaIndustrialParkDevelopmentCo.,Ltd. |
SuiningElectronicTechnologicalInnovation | SuiningKonkaElectronicTechnologicalInnovationCo.,Ltd. |
ShanghaiKonka | ShanghaiKonkaIndustrialCo.,Ltd. |
YantaiKangjin | YantaiKangjinTechnologyDevelopmentCo.,Ltd. |
MobileInterconnection | ShenzhenKonkaMobileInterconnectionTechnologyCo.,Ltd. |
SichuanKonka | SichuanKonkaSmartTerminalTechnologyCo.,Ltd |
KonkaGroupCo.,Ltd.AnnualReport2023
YibinSmart | YibinKonkaSmartTechnologyCo.,Ltd. |
ShenzhenKONSEMI | ShenzhenKONSEMICo.,Ltd. |
ChongqingKonka | ChongqingKonkaTechnologyDevelopmentCo.,Ltd. |
KowinMemory(Shenzhen) | KowinMemoryTechnology(Shenzhen)Co.,Limited |
KowinMemory(HongKong) | KowinMemoryTechnology(HongKong)Co.,Limited |
KonkaXinyunSemiconductor | KonkaXinyunSemiconductorTechnology(Yancheng)Co.,Ltd. |
KonkaCross-border(Hebei) | KonkaCross-border(Hebei)TechnologyDevelopmentCo.,Ltd. |
ShenzhenNianhua | ShenzhenNianhuaEnterpriseManagementCo.,Ltd. |
KonkaHuazhong | KonkaHuazhong(Hunan)TechnologyCo.,Ltd. |
Wankaida | ShenzhenWankaidaScienceandTechnologyCo.,Ltd. |
ShenzhenChuangzhiElectricalAppliances | ShenzhenKonkaChuangzhiElectricalAppliancesCo.,Ltd. |
SuiningJiarunProperty | SuiningJiarunPropertyCo.,Ltd. |
AnhuiKonka | AnhuiKonkaElectronicCo.,Ltd. |
KangzhiTrade | AnhuiKangzhiTradeCo.,Ltd. |
TelecommunicationTechnology | ShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd. |
KonkaMobility | KonkaMobilityCo.,Limited |
DongguanKonka | DongguanKonkaElectronicCo.,Ltd. |
SuiningKonkaSmart | SuiningKonkaSmartTechnologyCo.,Ltd. |
ChongqingOptoelectronicTechnology | ChongqingKonkaOptoelectronicTechnologyCo.,Ltd. |
YibinKangrun | YibinKangrunEnvironmentalTechnologyCo.,Ltd. |
YibinKangrunMedical | YibinKangrunMedicalWasteCentralizedTreatmentCo.,Ltd. |
YibinKangrunEnvironmentalProtection | YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. |
NingboKhrElectricAppliance | NingboKhrElectricApplianceCo.,Ltd. |
JiangxiKonka | JiangxiKonkaNewMaterialTechnologyCo.,Ltd. |
JiangxiHighTransparentSubstrate | JiangxiHighTransparentSubstrateMaterialTechnologyCo.,Ltd. |
JiangsuKonkaSpecialMaterial | JiangsuKonkaSpecialMaterialTechnologyCo.,Ltd. |
XinfengMicrocrystalline | JiangxiXinfengMicrocrystallineJadeCo.,Ltd. |
KonkaHuanjia | KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd. |
KonkaHuanjia(Henan) | KonkaHuanjia(Henan)EnvironmentalTechnologyCo.,Ltd. |
ShanxiKonkaIntelligent | ShanxiKonkaIntelligentApplianceCo.,Ltd. |
PengrunTechnology | ShenzhenKonkaPengrunTechnology&IndustryCo.,Ltd. |
JiaxinTechnology | JiaxinTechnologyCo.,Ltd. |
KonkaRonghe | KonkaRongheIndustrialTechnology(Zhejiang)Co.,Ltd. |
ChongqingKangxingrui | ChongqingKangxingruiEnvironmentalTechnologyCo.,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. |
HainanKonkaTechnology | HainanKonkaTechnologyCo.,Ltd. |
KonkaVentures | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. |
YibinKonkaIncubator | YibinKonkaIncubatorManagementCo.,Ltd. |
YantaiKonka | YantaiKonkaHealthcareEnterpriseServiceCo.,Ltd. |
ChengduAnren | ChengduAnrenKonkaCulturalandCreativeIncubatorManagementCo.,Ltd. |
KonkaEnterpriseService | GuiyangKonkaEnterpriseServiceCo.,Ltd. |
KonkaGroupCo.,Ltd.AnnualReport2023
KonkaEco-Development | ShenzhenKonkaEco-DevelopmentInvestmentCo.,Ltd. |
KonkaEurope | Konka(Europe)Co.,Ltd. |
HongKongKonka | HongKongKonkaLimited |
HongdinTrading | HongdinInternationalTradingLimited |
KonkaNorthAmerica | KonkaNorthAmericaLLC |
KanghaoTechnology | KanghaoTechnologyCo.,Ltd. |
HongdinInvest | HongdinInvestDevelopmentLimited |
ChainKingdomMemoryTechnologies | ChainKingdomMemoryTechnologiesCo.,Limited |
ChainKingdomSemiconductor(Shaoxing) | ChainKingdomSemiconductor(Shaoxing)Co.,Ltd. |
Hongjet | Hongjet(HongKong)CompanyLimited |
ChongqingXinyuanSemiconductor | ChongqingXinyuanSemiconductorCo.,Ltd. |
AnluKonka | AnluKonkaIndustryOperationServiceCo.Ltd. |
KanghongDongsheng | ShenzhenKanghongDongshengInvestmentPartnership(LimitedPartnership) |
GuizhouKonkaNewMaterialTechnology | GuizhouKonkaNewMaterialTechnologyCo.,Ltd. |
GuizhouKangguiEnergy | GuizhouKangguiEnergyCo.,Ltd. |
GuangdongXinwei | GuangdongXinweiSemiconductorCo.,Ltd. |
GuizhouKangguiMaterialTechnology | GuizhouKangguiMaterialTechnologyCo.,Ltd. |
NantongKanghai | NantongKanghaiTechnologyIndustryDevelopmentCo.,Ltd. |
ChongqingKangyiyun | ChongqingKangyiyunBusinessOperationManagementCo.,Ltd. |
JiangxiKonkaHigh-techPark | JiangxiKonkaHigh-techParkOperationandManagementCo.,Ltd. |
ShangraoKonkaElectronicTechnologyInnovation | ShangraoKonkaElectronicTechnologyInnovationCo.,Ltd. |
GuizhouKonkaNewEnergy | GuizhouKonkaNewEnergyMaterialTechnologyCo.,Ltd. |
ZhejiangKonkaElectronic | ZhejiangKonkaElectronicsCo.,Ltd. |
ZhejiangKonkaTechnologyIndustry | ZhejiangKonkaTechnologyIndustryDevelopmentCo.,Ltd. |
SichuanHongxinchen | SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. |
Xi'anKonkaIntelligent | Xi'anKonkaIntelligentApplianceCo.,Ltd. |
Xi'anKonkaNetwork | Xi'anKonkaNetworkTechnologyCo.,Ltd. |
Xi'anKanghongTechnologyIndustry | Xi'anKanghongTechnologyIndustryDevelopmentCo.,Ltd. |
Xi'anKonkaIntelligentTechnology | Xi'anKonkaIntelligentTechnologyDevelopmentCo.,Ltd. |
AnhuiKonkaLowCarbon | AnhuiKonkaLowCarbonTechnologyCo.,Ltd. |
KanghongXintong | ShenzhenKanghongXintongInvestmentPartnership(LimitedPartnership) |
SongyangIndustryOperation | SongyangKonkaSmartIndustryOperationManagementCo.,Ltd. |
KangyanTechnology | ShenzhenKangyanTechnologyCo.,Ltd. |
KonkaPhotovoltaicTechnology | KonkaPhotovoltaicTechnologyCo.,Ltd. |
SongyangKonkaIntelligent | SongyangKonkaIntelligentTechnologyDevelopmentCo.,Ltd. |
KonkaNorthChina | KonkaNorthChina(Tianjin)TechnologyCo.,Ltd. |
ZhongshanKanghong | ZhongshanKanghongElectronicTechnologyCo.,Ltd. |
DigitalTechnology | ShenzhenKonkaDigitalTechnologyDevelopmentCo.,Ltd. |
ChongqingKangxingruiAutomobileRecycling | ChongqingKangxingruiScrapedAutomobileRecyclingCo.,Ltd. |
KangxingruiRenewableResources | ChongqingKangxingruiRenewableResourcesCo.,Ltd. |
ChongqingFangbingRealEstate | ChongqingFangbingRealEstateCo.,Ltd. |
KonkaGroupCo.,Ltd.AnnualReport2023
CSRC | TheChinaSecuritiesRegulatoryCommission |
SZSE | TheShenzhenStockExchange |
CSRCShenzhen | TheShenzhenBureauoftheChinaSecuritiesRegulatoryCommission |
RMB,RMB’0,000,RMB’00,000,000 | ExpressedintheChinesecurrencyofRMB,expressedintensofthousandsofRMB,expressedinhundredsofmillionsofRMB |
KonkaGroupCo.,Ltd.AnnualReport2023
PartIICorporateInformationandKeyFinancialInformation
ICorporateInformation
Stockname | KonkaGroup-A,KonkaGroup-B | Stockcode | 000016,200016 |
Previousstockname(ifany) | N/A | ||
Stockexchangeforstocklisting | ShenzhenStockExchange | ||
CompanynameinChinese | 康佳集团股份有限公司 | ||
Abbr. | 康佳集团 | ||
CompanynameinEnglish(ifany) | KONKAGROUPCO.,LTD | ||
Abbr.(ifany) | KONKAGROUP | ||
Legalrepresentative | ZhouBin | ||
Registeredaddress | 15-24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China | ||
Zipcode | 518057 | ||
Pastchangesofregisteredaddress | On1July2015,duetotherelocationoftheCompanyHeadquarters,theregisteredaddresshaschangedfromOCT,NanshanDistrict,Shenzhen,GuangdongProvince,Chinato15-24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China. | ||
Officeaddress | 15-24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China | ||
Zipcode | 518057 | ||
Companywebsite | www.konka.com | ||
Emailaddress | szkonka@konka.com |
IIContactInformation
BoardSecretary | SecuritiesRepresentative | |
Name | WuYongjun | MiaoLeiqiang |
Address | BoardSecretariat,24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China | BoardSecretariat,24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China |
Tel. | 0755-26609138 | 0755-26609138 |
Fax | 0755-26601139 | 0755-26601139 |
Emailaddress | szkonka@konka.com | szkonka@konka.com |
IIIMediaforInformationDisclosureandPlacewherethisReportIsLodged
StockexchangewebsitewherethisReportisdisclosed | SecuritiesTimes,etc. |
MediaandwebsitewherethisReportisdisclosed | http://www.cninfo.com.cn/new/index |
PlacewherethisReportislodged | BoardSecretariat,24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China |
IVChangetoCompanyRegisteredInformation
Unifiedsocialcreditcode | 914403006188155783 |
ChangetoprincipalactivityoftheCompanysincegoingpublic(ifany) | Nochange |
Everychangeofcontrollingshareholdersinceincorporation(ifany) | Nochange |
KonkaGroupCo.,Ltd.AnnualReport2023
VOtherInformationTheindependentauditfirmhiredbytheCompany:
Name | ShinewingCertifiedPublicAccountantsLLP |
Officeaddress | 9/F,BlockA,FuhuaMansion,No.8ChaoyangmenNorthStreet,DongchengDistrict,Beijing,China |
Accountantswritingsignatures | TangQimeiandLiuLihong |
TheindependentsponsorhiredbytheCompanytoexerciseconstantsupervisionovertheCompanyintheReportingPeriod:
□Applicable√NotapplicableTheindependentfinancialadvisorhiredbytheCompanytoexerciseconstantsupervisionovertheCompanyintheReportingPeriod:
□Applicable√NotapplicableVIKeyFinancialInformationIndicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
√Yes□NoReasonforretrospectiverestatement:
Changetoaccountingpolicies
2023 | 2022 | 2023-over-2022change(%) | 2021 | |||
Before | Restated | Restated | Before | Restated | ||
Operatingrevenue(RMB) | 17,849,331,429.24 | 29,607,854,255.27 | 29,607,854,255.27 | -39.71% | 49,106,513,669.58 | 49,106,513,669.58 |
Netprofitattributabletothelistedcompany’sshareholders(RMB) | -2,163,790,053.17 | -1,471,409,748.21 | -1,470,466,806.68 | -47.15% | 905,352,997.68 | 905,470,314.84 |
Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses(RMB) | -2,914,445,076.42 | -2,665,550,383.07 | -2,664,607,441.54 | -9.38% | -3,250,798,107.49 | -3,250,680,790.33 |
Netcashgeneratedfrom/usedinoperatingactivities(RMB) | 553,101,277.90 | -528,303,041.83 | -528,303,041.83 | 204.69% | 808,756,394.11 | 808,756,394.11 |
Basicearningspershare(RMB/share) | -0.8986 | -0.6111 | -0.6107 | -47.14% | 0.3760 | 0.3760 |
Dilutedearningsper | -0.8986 | -0.6111 | -0.6107 | -47.14% | 0.3760 | 0.3760 |
KonkaGroupCo.,Ltd.AnnualReport2023
share(RMB/share) | |||||||
Weightedaveragereturnonequity(%) | -32.58% | -17.58% | -17.57% | -15.01% | 10.33% | 10.33% | |
31December2023 | 31December2022 | Changeof31December2023over31December2022(%) | 31December2021 | ||||
Before | Restated | Restated | Before | Restated | |||
Totalassets(RMB) | 35,824,818,212.66 | 38,016,368,073.05 | 38,023,319,693.08 | -5.78% | 39,874,520,771.26 | 39,882,535,977.55 | |
Equityattributabletothelistedcompany’sshareholders(RMB) | 5,644,401,184.65 | 7,640,399,721.99 | 7,641,459,980.68 | -26.13% | 9,095,278,436.41 | 9,095,395,753.57 |
Reasonforchangetoaccountingpoliciesandcorrectionofaccountingerrors:
On30November2022,theMinistryofFinanceissuedInterpretationNo.16fortheAccountingStandardsforBusinessEnterprises,whichstipulatesthe“accountingtreatmentsfordeferredincometaxesassociatedwithassetsandliabilitiesarisingfromasingletransactiontowhichtheinitialrecognitionexemptiondoesnotapply”,effectivefortheCompanyasof1January2023.Forleaseliabilitiesandright-of-useassetsrecognisedatthebeginningoftheearliestperiodoffinancialstatementpresentationinwhichtheprovisionisfirstimplementedthatgiverisetotaxabletemporarydifferencesanddeductibletemporarydifferencesasaresultofasingletransactiontowhichtheprovisionapplies,theCompanyhasadjustedthecumulativeeffecttoretainedearningsatthebeginningoftheearliestperiodoffinancialstatementpresentationandotherrelevantfinancialstatementitemsinaccordancewiththesaidprovisionandAccountingStandardNo.18forBusinessEnterprises—IncomeTax.Indicatebytickmarkwhetherthelowerofthenetprofitattributabletothelistedcompany’sshareholdersbeforeandafterexceptionalgainsandlosseswasnegativeforthelastthreeaccountingyears,andthelatestindependentauditor’sreportindicatedthattherewasuncertaintyabouttheCompany’sabilitytocontinueasagoingconcern.
□Yes√NoIndicatebytickmarkwhetherthelowerofthenetprofitattributabletothelistedcompany’sshareholdersbeforeandafterexceptionalgainsandlosseswasnegative.
√Yes□No
Item | 2023 | 2022 | Note |
Operatingrevenue(RMB) | 17,849,331,429.24 | 29,607,854,255.27 |
KonkaGroupCo.,Ltd.AnnualReport2023
Deductionsfromoperatingrevenue(RMB) | 712,619,709.55 | 823,347,409.73 | Scrapsalesrevenue,utilitiesrevenue,leaserevenue,materialsalesrevenueandotherrevenueirrelevanttotheprincipaloperations |
Operatingrevenuenetofdeductions(RMB) | 17,136,711,719.69 | 28,784,506,845.54 |
VIIAccountingDataDifferencesunderChina’sAccountingStandardsforBusinessEnterprises(CAS)andInternationalFinancialReportingStandards(IFRS)andForeignAccountingStandards
1.NetProfitandEquityunderCASandIFRS
□Applicable√NotapplicableNodifferencefortheReportingPeriod.
2.NetProfitandEquityunderCASandForeignAccountingStandards
□Applicable√NotapplicableNodifferencefortheReportingPeriod.VIIIKeyFinancialInformationbyQuarter
Unit:RMB
Q1 | Q2 | Q3 | Q4 | |
Operatingrevenue | 4,600,647,851.61 | 5,871,413,320.33 | 4,404,631,998.81 | 2,972,638,258.49 |
Netprofitattributabletothelistedcompany’sshareholders | 152,513,923.41 | -345,754,155.74 | -521,630,694.97 | -1,448,919,125.87 |
Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses | -521,453,718.40 | -370,140,652.01 | -486,155,733.41 | -1,536,694,972.60 |
Netcashgeneratedfrom/usedinoperatingactivities | -1,182,725,927.02 | 981,175,821.78 | -120,891,719.52 | 875,543,102.66 |
IndicatebytickmarkwhetheranyofthequarterlyfinancialdatainthetableaboveortheirsummationsdiffersmateriallyfromwhathavebeendisclosedintheCompany’squarterlyorinterimreports.
□Yes√NoIXExceptionalGainsandLosses
√Applicable□Notapplicable
Unit:RMB
Item | 2023 | 2022 | 2021 | Note |
Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 198,866,019.16 | 755,498,679.55 | 4,047,094,117.70 | |
Governmentsubsidieschargedtocurrent | 264,798,178.16 | 916,334,616.72 | 1,352,377,548.16 |
KonkaGroupCo.,Ltd.AnnualReport2023
profitorloss(exclusiveofgovernmentsubsidiesconsistentlygivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernmentalpoliciesorstandards) | ||||
Gainorlossondebtrestructuring | -5,378,929.04 | 19,777.25 | ||
Gainorlossonfair-valuechangesinfinancialassetsandliabilitiesheldbyanon-financialenterprise,aswellasondisposaloffinancialassetsandliabilities(exclusiveoftheeffectiveportionofhedgesthatariseintheCompany’sordinarycourseofbusiness) | -88,236,451.43 | -17,595,638.89 | 67,789,442.65 | |
Reversedportionsofimpairmentallowancesforreceivableswhicharetestedindividuallyforimpairment | 3,055,800.22 | 32,624,581.58 | ||
Gainorlossonloanentrustments | 118,808,006.95 | 119,233,091.33 | 80,625,356.41 | |
Non-operatingincomeandexpenseotherthantheabove | -64,433,346.64 | -97,161,898.46 | 48,615,769.37 | |
Othergainsandlossesthatmeetthedefinitionofexceptionalgain/loss | 571,315,980.43 | -1,907,936.23 | ||
Less:Incometaxeffects | 239,431,992.39 | 299,999,504.47 | 1,190,629,946.56 | |
Non-controllinginterestseffects(netoftax) | 14,087,171.21 | 209,414,363.46 | 247,833,023.58 | |
Total | 750,655,023.25 | 1,194,140,634.86 | 4,156,151,105.17 | -- |
Particularsaboutothergainsandlossesthatmeetthedefinitionofexceptionalgain/loss:
√Applicable□Notapplicable
Item | Amountinvolved(RMB) | Reason |
ChutianDragonCo.,Ltd. | 574,780,174.75 | AstheCompanydisposedofcertaininterestsinsubordinatejointstockcompanyandceasedtohavesignificantinfluenceonthejointstockcompany,themeasurementofitsinvestmentwasadjustedinthecurrentperiodfromalong-termequityinvestment(undertheequitymethod)toaheld-for-tradingfinancialasset,whichincurredanexceptionalgain. |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
√Applicable□Notapplicable
Item | Amountinvolved(RMB) | Reason |
Taxrebatesonsoftware | 5,819,853.78 | GovernmentsubsidiesgivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernment’suniformstandards |
KonkaGroupCo.,Ltd.AnnualReport2023
PartIIIManagementDiscussionandAnalysis
IIndustryOverviewfortheReportingPeriodCurrently,theCompany'smajorbusinessesincludeconsumerelectronics,memorychiptradingandsemiconductorbusinesses.Therelevantindustriesaredescribedbelow:
(I)ConsumerelectronicsindustryInthecolorTVindustry,recentyearshaveseenChina'smarketenteraneraofstockadjustment.AccordingtostatisticsfromAllViewCloud(AVC),theretailvolumeofChina'scolorTVmarketin2023was31.42millionunits,up13.6%yearonyear,andtheretailvaluewasRMB109.8billion,down2.3%yearonyear.WiththecontinuousdevelopmentoffuturedisplaytechnologiesrepresentedbyMiniLEDandMicroLED,aswellastheintelligentupgradeofvariouselectronicproductsdrivenbytheInternetofThings(IoT),bigdata,cloudcomputing,andartificialintelligence,thedevelopmentofnewTVcategoriesacceleratedin2023.Thepenetrationrateofnewdisplaytechnologies,highrefreshrates,andlarge-sizemid-to-high-endproductshasbeenincreasing.Regardingnewdisplaytechnologies,MiniLEDtechnologyenteredaphaseofrapidpopularizationin2023.AVC'sdatashowthattheretailpenetrationrateofChina'scolorTVMiniLEDmarketwas9.8%in2023,up5.4%from2022.Intermsofhighrefreshrates,aslivingstandardscontinuetoimprove,consumers'pursuitofqualityviewingandgamingexperienceshasbecomeincreasinglyhigh.Consequently,TVswithhighrefreshrateshaveseenacontinuousriseinsalesduetotheirabilitytoprovidesuperiorimagequality.AVC'sstatisticsindicatethattheretailpenetrationrateofcolorTVswithrefreshratesabove120HzinChina'smarketreached31.9%in2023,up16.4%from2022.Regardinglargesizes,againstthebackdropofconsumerupgrades,thetrendoflargerscreensizesinChina'scolorTVmarketcontinues,withasteadyincreaseinthesalesshareofproducts75inchesandabove.AVC'sstatisticsshowthattheretailpenetrationrateof75-inchproductsinChina'scolorTVmarketwas19.9%in2023,up6.4%from2022.Intermsofthewhitegoodsindustry,thepaceofproductupgradesacceleratedin2023,withenhancementsinbasicfeaturesandperformance.Simultaneously,theirproductsaremorebeautiful,healthyandintegrated.Thisstructuralupgradeinproductshasdriventhegrowthinsalesofhigh-qualityhomeappliances.Regardingrefrigerators,accordingtoAVC'sstatistics,in2023,therefrigeratormarketreportedaretailsalesvalueofRMB133.3billion,up7.0%yearonyear,witharetailsalesvolumeof38.31millionunits,up1.5%yearonyear.Theshareofmid-tohigh-endproductscontinuedtorise.Forwashingmachines,AVC'sstatisticsindicatethattheretailsalesinthedomesticmarketamountedtoRMB93.4billionin2023,up5.8%yearonyear,witharetailvolumeof40.05millionunits,up3.4%yearonyear.Asidefromtheriseinsalesvolume,theaveragesellingpriceofwashingmachinesalsosawasteadyincrease.Regardingairconditioners,
KonkaGroupCo.,Ltd.AnnualReport2023
AVC'sstatisticsshowthatChina'sdomesticairconditionersalesreached156.946millionunitsin2023,up10.4%yearonyear.Thisincludes90.541millionunitssolddomestically,up12.9%yearonyear,andexportstotaling66.405millionunits,up7.3%yearonyear,indicatinganincreaseinbothdomesticandexportscales.(II)SemiconductorindustryThesemiconductorindustryisastrategic,fundamentalandleadingindustrythatsupportseconomicandsocialdevelopmentandsafeguardsnationalsecurity.Drivenbythedevelopmentof5G,artificialintelligence,theIoT,andintelligentialization,thesemiconductorindustryisexpectedtousherinanewwaveofgrowthcycles.Amongthem,semiconductorstorageisthelargestsubdivisioninthesemiconductorindustryinrecentyears.Atpresent,SouthKoreancompaniesrepresentedbySamsungandHynixareintheleadingpositioninthefieldofsemiconductorstorage.Chinahasalsoacceleratedinboostingtheproductioncapacityofsemiconductorstorageinrecentyears.Itisexpectedthattheself-sufficiencyratewillcontinuetoincrease.MicroLEDistheprevailingtrendanddevelopmentdirectionoffuturedisplaytechnology.Theindustrialchainisdividedintofourmainlinks:upstreamchipmanufacturingandmasstransfer,midstreampanelmanufacturing,anddownstreamcompletemachineapplication.TheMicroLEDhaswideindustrialapplicationandabroadmarket.IIPrincipalActivityoftheCompanyintheReportingPeriod(I)TheconsumerelectronicsbusinessThisdivisionprimarilycomprisesthemultimediasub-divisionandthewhitegoodssub-division,withdetailsasfollows:
1.ThemultimediabusinessTheCompany'smultimediabusinessfacestheglobalmarket,mainlyincludingdomesticcolorTVbusinessandexportcolorTVbusiness.ThedomesticsalesoftheCompany’scolourTVsarerealizedmainlythroughB2B(Business-to-Business)andB2C(Business-to-Consumer),withitsbranchcompanies,businessdepartmentsandafter-salesmaintenancepointsoperatingacrossthecountry.AndtheCompanyprofitsfromthemarginsbetweenthecostsandthesellingpricesofitscolourTVs.AsforsellingitscolourTVsabroad,theCompanymainlyreliesonB2B.ItscolourTVsaresoldtoAsiaPacific,MiddleEast,Central&SouthAmerica,EastEurope,etc.AndoperatingprofitsourceisalsothedifferencesbetweenthecostsandthesellingpricesofitscolourTVs.
2.ThewhitegoodsbusinessThewhitegoodsproducedbytheCompanymainlyincluderefrigerators,washingmachines,airconditioners,freezers,etc.,whicharesoldthroughB2BandB2Cmainlytothedomesticmarket.AndtheCompanyprofitsfromthemarginsbetweenthecostsandthesellingpricesofitswhite
KonkaGroupCo.,Ltd.AnnualReport2023
goods.TheCompanystrengthenedthefoundationofourwhitegoodsbrandsthroughtheacquisitionoftheFrestecbrand.Meanwhile,theestablishmentoftheNingboA/CproductionbaseasajointventurehashelpedtheCompanybuilditsownA/Cmanufacturingcapability.Theweaknessinthefront-loadingwashingmachinetechnologyhasbeenovercomebytheacquisitionofBeko(Front-loadingWashingMachine)ChinaFactory.Inaddition,theCompanywentonanewpathofexploringthedishwasherworldbysettingupXi’anSmartAppliancesPark.TheCompanyalsooptimizedtheinternalR&D,production,procurement,sales,andservicesprocesses,integratedtheexternalchannelresourcestoenablechannelsharingbetweentheupstreamprocurementprocessesanddownstreamsalesprocesses,andimprovedtheproductsalesstructureandcompetitivenessofthewhitegoodsbusiness.(II)ThememorychiptradingandsemiconductorbusinessCurrently,theCompanyisengagedinmemorychips,optoelectronics,etc.withrespecttothesemi-conductorbusiness.Inmemorychips,theCompanyprimarilyengagesinpackagingandtestingofmemorychipproducts.Inoptoelectronics,theCompanyprimarilydevelopsMicroLED-relatedproducts.TheCompany'smemorychiptradingbusinessmainlyfocusesonthememorychipsinvolvedintheCompany'straditionalmainbusiness.Theoperatingprofitcomesfromthepricedifferencebetweenupstreamprocurementanddownstreamsales.Thisbusinessisabletofacilitatethedevelopmentofthesemiconductorbusinessbyhelpingaccumulatecustomerresourcesforthesemiconductorandchipbusiness,providesaleschannels,andachieveaccuratematchingofmarketdemand,withashortenedproductdevelopmentperiodandalowerriskofmismatchingofR&Dandmarketdemand.(III)TheenvironmentprotectionandnewmaterialsbusinessInthisbusiness,renewableresourcesarecollected,sorted,processed,distributedandsold.IIICoreCompetitivenessAnalysisTheCompany’scorecompetitivenessliesinitsmanufacturingability,R&Dability,brand,marketingnetworkandhumanresources.Intermsofmanufacturingability,theCompanyhascarriedoutintelligentupgradingofmanufacturingbasesinAnhui,Dongguan,Suining,Xinxiang,etc.,ofwhichtheAnhuiKonkaplanthasbeenawardedthetitleof"NationalIntelligentManufacturingDemonstrationFactory",withanadvancedintelligentmanufacturinglevelintheindustry.Ithasdevelopedathree-tierR&Dsystemof“Researchinstitute+keylabs+productdevelopmentcenters”,establishedartificialintelligenceinternetofthingscomprehensivelaboratoryand5GUltraHDlaboratorywithmajoruniversitiesorscientificresearchinstitutions,establishedacademicianworkstation,andbuiltatechnologyresearchalliancematchingtheindustriallayout,withnearly100coretechnologiesandabout1,500R&Dtalents.TheCompanyhasintroducedaround100expertsonthemicroLEDproject.Intermsofbrand,theCompanycontinuesto
KonkaGroupCo.,Ltd.AnnualReport2023
promotebrandstrategyconstruction,systemconstruction,imageconstructionandculturalconstruction,focusesonimprovingthescientificandinternationalimageoftheenterprise,strengthensthebrandstatus,hasacertainbrandawarenessandreputationintheconsumergroup,andhasgoodbrandcreditinbanksandotherfinancingchannels.Intermsofmarketingchannels,theCompanyinnovateschannelreform,cooperatesonlineandofflineforwin-winresults,andstrivesfordevelopmentathomeandabroad.Regardingofflinechannels,theCompanyhas47branches,morethan100offices,andmorethan3,000after-salesserviceshopsacrossChina,andthemarketingandservicenetworkisalloverthecountry;asforonlinechannels,theCompanyhassettledinTmall,JD,Suning,VIPshop,Pinduoduoandothermainstreame-commerceplatformstoinnovateanddeveloplivee-commercebusiness,andseekanewgrowthpoleforbusinessdevelopment;overseaschannel,thecompanyTheCompany'sbusinesscoversLatinAmerica,Europe,AsiaPacificandothercountriesandregions,withasoundmarketingnetwork.Intermsofhumanresources,theCompanyboastsaleadershipteamofmanyyearsofmanagementandindustryexperience,aswellasahighqualityexecutionteam.IVCoreBusinessAnalysis
1.OverviewIn2023,theCompanyadoptedanewdevelopmentframeworkof“OneAxis,TwoWheelsandThreeGrowthDrivers”.Itfullyimplementedleanmanagement,andcarriedoutcampaignssuchasassetrevitalisation,costcontrolandefficiencyimprovement,legalpersonreductionandcostreductionandprofitincrease.Also,theCompanyhasrestructureditsbusinesslayoutthroughorganisationalrestructuringandoptimisationofbusinessentities,andoptimiseditsresourcestofocusonitstwomainbusinessesofconsumerelectronicsandsemiconductors,layingthefoundationforitsnextstepofhigh-qualitydevelopment.For2023,theCompanyrecordedoperatingrevenueofRMB17.849billion,down39.71%yearonyear;anetprofitattributabletoitsshareholdersofRMB-2.164billion,representingayear-on-yeardropof47.15%;andnetcashgeneratedfromoperatingactivitiesofRMB553million,aturnaroundfromlosstoprofit.Asaresultofthefollowingreasons,theCompanysawayear-on-yeardeclineinoperatingrevenueandarelativelylargelossin2023.
(1)Maincausesofoperatingrevenuedeclinein2023In2023,theCompanyfocusedonitscorebusiness,andpromotedbusinessrestructuringbyproactivelyoptimizingpartofindustrytradeandenvironmentalprotectionbusinesssegmentswhichfailedtoempowerthemainbusinessandhadlowgrossmargin.Asaresult,theCompanyexperiencedacertaindegreeofdeclineinoperatingrevenue.
KonkaGroupCo.,Ltd.AnnualReport2023
(2)Maincausesofnetlossin2023
①In2023,theCompanyincurredacertaindegreeoflossinitscolourTVbusinessduetofactorssuchasproductstrategyadjustmentsandongoingsupplychainfluctuations.IntermsofdomesticsalesofcolourTVs,theCompanymadesystematicadjustmentstoitsproductplanningandsalesstrategiesduringthecurrentperiod.Themid-to-high-endnewproductsX6/M6/R7weremainlylaunchedinthesecondhalfof2023.However,theintroductionandsalesramp-upcycleofthesenewTVproductslaggedbehind,failingtofullycompensatefortheclearancelossesresultingfromthediscontinuationofoldmodels.This,tosomeextent,affectedthesalesscaleandtotalprofitoftheCompany'sdomesticTVbusiness.RegardingTVexportsandOEMbusiness,duetothecontinuousfluctuationinupstreamsupplychaincostsin2023,thegrossmarginofordersdeliveredbytheCompany'sTVexportsandOEMbusinesswasrelativelylow.Althoughstrategicadjustmentshelpedtograduallyimprovetheoperationalqualityinthesecondhalfof2023,thegrossmarginforthefullyear2023wasstillunabletofullycoverrigidexpenses.
②In2023,inaccordancewiththeCompany'sdevelopmentstrategyandconsideringthemacroeconomicenvironment,theCompanyupheldtheprincipleof"industrialparkservicealignedwithcorebusinessstrategy"andcontinuedtoreduceitsbusinessinindustrialparks.Therewerevirtuallynonewlarge-scaleindustrialparkprojectsin2023,resultinginadecreaseinrelatedincomecomparedtothepreviousyear.
③In2023,althoughtheCompany'ssemiconductorbusinessmadecertainachievementsinseveralkeyindustrialchaintechnologies,itremainedintheearlystagesofindustrialization.R&Dinvestmentcontinuedtogrow,butscaleandefficiencyinoutputwerenotachieved,affectingtheoveralloperatingprofitoftheCompany.
④In2023,basedontheprincipleofprudence,theCompanymadeaprovisionforassetimpairmentofapproximatelyRMB1,017millioninaccordancewithaccountingpoliciesandestimates,resultinginadecreaseinprofit.
⑤In2023,theCompanystrategicallyoptimizednon-coreoperationssuchasindustrytradeandenvironmentalprotection,resultinginanarrowingofprofitsourcesandadecreaseinrelatedincome.
(3)Keytasksfor2023①ThebusinessstructureandorganizationalsystemcontinuedtobeoptimizedUnderthenewdevelopmentstrategy,theCompanyfocusedontwocorebusinesses,i.e.consumerelectronicsandsemiconductors,andactivelypromotedtheadjustmentofitsbusinessstructureandtheoptimizationofitsorganizationalsystem.Intermsofbusinessadjustments,theCompanyoptimizednon-corebusinessesbygraduallywithdrawingfromindustrytradeandenvironmentalprotectionsegmentstofocusresourcesonitstwocorebusinesses-consumerelectronicsandsemiconductors.
KonkaGroupCo.,Ltd.AnnualReport2023
Intermsoforganizationaloptimization,theCompanycontinuedtorefineitsorganizationalstructurebyfurtherimprovingthepersonnelremunerationsystem,andimplementingfull-scopecontroloverthetotalworkforcetoeffectivelyenhancepersonnelefficiency.Thisensuredthattheorganizationalsystemoperatedmoreefficiently.
②Leanmanagementyieldedtangibleresults.In2023,theCompanyimplementedtheleanmanagementconceptinvariousaspectsofresearch,production,supply,sales,andservices,aswellastheentirechainofinvestment,financing,management,andwithdrawal.Withafocuson"people,positions,andtasks",itimplementedmeticulousmanagementdowntothesmallestdetail,andintensifiedin-depthefficiencyimprovement,costcontrol,andfeereductionefforts,tooptimizeandenhanceoperatingcashflow.Including:
Asforcostcontrolandefficiencyimprovement,theCompanyadheredtothegoalof"maximizingcostefficiency"andcontinuedtostrengthenprocesscontrolaroundaspectssuchas"performancedrivers,classifiedguidance,leanmanagement,keyimprovementareas,andintegratedgovernance".Regardingcostreductionandprofitincrease,theCompanyimplementedprecisecostreductioninprocurement.Ononehand,itfocusedonthepricesofbulkmaterialsandsupply-demandtrends,enhancingitsabilitytoanalyzeandmakedecisionsregardingrawmaterialmarkets.Ontheotherhand,itstrengthenedprocurementprocesscontroltoensurethatmarketfluctuationswerealignedwithchangesinsupplyanddemandstructures.③Productcapabilitieswereeffectivelyenhanced.In2023,theCompanywasguidedbymarketdemand,ledbytechnologicalinnovation,andpositionedproductsasthecoretocoordinateresearch,production,supply,sales,andservices.Itmaintainedthemindsetofcreatingfineproducts,andadoptedaquality-orientedapproachtomake,refineandoptimizeproductsandenhancetheabilitytogenerategrossprofitfromproducts.RegardingcolourTVs,theCompanycompletedtheupgradinganditerationofdomesticallysoldproducts,withall12modelsofthefourmajornewproductseriesenteringmassproductionasplanned.Exportedproductsfocusedonpromotingthelevelofproductintelligence,withGoogleAndroidsystemplatformcertificationcompleted.In2023,thegrossprofitofthecolourTVbusinessincreasedby17.72%YoY.Forwhitegoods,theCompanylaunchednewproductsincluding500-literside-by-siderefrigerators,theZhencaiserieswashingmachines,andtheZhinyinseriesairconditioners.TheFrestec509-literfreestandingrefrigeratorswithfive-layersterilizationtechnologyenteredmassproduction,whiledishwasherproductionenteredthesmallbatchtestingphase.In2023,thegrossprofitofthewhitegoodsbusinessgrewby15.00%YoY.IntermsofPCB,theCompanysuccessfullyachievedsignificantimprovementsinthenumberoflayers,innerandouterlayercircuitry,andcircuitproductioncapabilities.Theproportionofhigh-
KonkaGroupCo.,Ltd.AnnualReport2023
endproductswithmulti-layerboardsandmetal-basedboardssignificantlysurged,facilitatingthecompletionofproductlinesandpropellingthebrandtowardsamoreupscalepositioning.In2023,thegrossprofitofthePCBbusinessincreasedby54.46%YoY.
④ManufacturingcapabilitiessignificantlystrengthenedIn2023,theCompanyadheredtoprofessionalanddifferentiateddevelopment,strengthenedleanmanufacturing,builtasolidclientele,andsolidifiedmanufacturingcapabilities.IntermsofcolourTVs,theCompanycompletedtheconstructionofaproductionlinefor120-inchultra-largepanels.TheproductionefficiencyoftheAnkangGreenSmartPlantimprovedsignificantlyyear-on-year,andtheCompanyalsoexpandeditscustomerbasetoincludeseveralstrategicclients.Regardingwhitegoods,theCompany'spercapitaefficiencyforwhitegoodsproductscontinuedtoimprove.ItestablishedpreliminarymanufacturingcapabilitiesfordishwashersandsystematicallyadvancedtheFrestecrefrigeratorandfreezernewsmartplantprojects.ThisinitiativeenabledtheCompanytobuildcomprehensivemanufacturingcapabilitiesfor"refrigerators,washingmachines,airconditionersandkitchenappliances"acrossallproductcategories,anditsuccessfullyonboardedseveralstrategicclients.ForPCB,theCompany'snewsmartplantinSuiningofficiallycommencedproduction,diversifyingtheproductlinesofmulti-layerboardsandHDI(high-densityinterconnect)boards.Italsoexpandeditscustomerbasetoincludeleadingclientsinnewenergy,automotiveelectronics,MiniLEDoptoelectronicdisplays,andotherfields.Theproportionofmid-to-high-endproductssawasignificantincrease.
⑤InternationalbusinesssteadilyadvancedOnonehand,theCompanydrovescalabledevelopmentthroughdifferentiatedstrategies.TheCompanystrengtheneditsdifferentiatedoperationsinthecolourTVbusiness.IntheMiddleEastandAfricamarkets,itfocusedonlocalmanufacturinginEgypt.IntheEuropeanmarket,itwasdrivenbyacombinationof"best-selling+high-end"products.Inemergingmarkets,itleveragedsmartTVproductsasakeystrategy.In2023,theCompanyachievedrapidgrowthinTVexportrevenue.Inthewhitegoodsbusiness,theCompanyfullyutilizedtheadvantagesoftheChina-EuropeRailwayExpress,vigorouslyexpandingintotheEuropeanmarket.ItfocusedoncoreclientsandcultivatedmajorclientsinregionssuchasRussia,Germany,andWestAfrica.Overseasbusinessrevenueexperiencedremarkableyear-on-yeargrowth.Ontheotherhand,itconstructeditsownbrandpatternthroughrefinedoperations.InthecolourTVbusiness,byimplementinghierarchicalcustomermanagementandoptimizingresourceallocation,theCompanystabilizeditspresenceintraditionalmarketssuchastheMiddleEast,LatinAmerica,andEurope.Simultaneously,itexpandedintoeightblankareasincludingAustralia,Algeria,andKazakhstan.Moreover,itassistedclientsinBrazil,Japan,Russia,Gulfcountries,andothersinexportingcustomizedlocalmarketingsolutions.Asaresult,theexportrevenueofitsproprietarybrandbusinesswitnessedsignificantgrowthin2023.
KonkaGroupCo.,Ltd.AnnualReport2023
⑥TechnologicalbreakthroughsandindustrialtransformationwererapidlyimplementedTheCompanyinsistsonbuildinganoriginaltechnologyinnovationhub,focusingonadvancingcoretechnologicalbreakthroughsandindustrialtransformation.Intermsofcoretechnologicalbreakthroughs,theCompanyhasachievedcertainresultsinareassuchashybridmasstransfer,massrepair,chipminiaturization,andMiniLEDdirectviewdisplay.ChongqingKonkaOptoelectronicTechnologyCo.,Ltd.wasincludedinthelistof"ScienceandTechnologyReformDemonstrationEnterprises"bytheSASAC,anditsapplicationtotheSASACfor"SailingEnterprises"hasenteredthedefensestage.Intermsofindustrialtransformation,theMicroLEDchipandmasstransfersegmentshaveachievedsampledeliveryandsmall-scalesalestomultipleclients.TheMiniLEDdirectviewdisplaysegmentfocusedoncostreduction,salestomajorclients,andcollaborationwithengineeringclients,anddevelopedmorethantencustomersintotal.
2.RevenueandCostAnalysis
(1)BreakdownofOperatingRevenue
Unit:RMB
2023 | 2022 | Change(%) | |||
Operatingrevenue | As%oftotaloperatingrevenue(%) | Operatingrevenue | As%oftotaloperatingrevenue(%) | ||
Total | 17,849,331,429.24 | 100% | 29,607,854,255.27 | 100% | -39.71% |
Byoperatingdivision | |||||
Consumerelectronics | 10,204,905,315.64 | 57.17% | 10,871,843,067.02 | 36.72% | -6.13% |
Memorychiptradingandsemiconductor | 3,397,161,542.60 | 19.03% | 10,411,179,055.37 | 35.16% | -67.37% |
Environmentprotectionandnewmaterials | 1,145,732,124.31 | 6.42% | 1,548,557,255.52 | 5.23% | -26.01% |
Other | 3,101,532,446.69 | 17.38% | 6,776,274,877.36 | 22.89% | -54.23% |
Byproductcategory | |||||
ColorTVs | 4,708,450,488.99 | 26.38% | 5,023,097,945.06 | 16.97% | -6.26% |
Whitegoods | 4,257,423,386.71 | 23.85% | 3,929,504,730.97 | 13.27% | 8.35% |
Memorychiptradingandsemiconductor | 3,397,161,542.60 | 19.03% | 10,411,179,055.37 | 35.16% | -67.37% |
Environmentprotectionandnewmaterials | 1,145,732,124.31 | 6.42% | 1,548,557,255.52 | 5.23% | -26.01% |
PCB | 476,456,155.62 | 2.67% | 663,849,487.53 | 2.24% | -28.23% |
Other | 3,864,107,731.01 | 21.65% | 8,031,665,780.82 | 27.13% | -51.89% |
Byoperatingsegment | |||||
Domestic | 10,716,944,822.00 | 60.04% | 14,845,908,414.38 | 50.14% | -27.81% |
Overseas | 7,132,386,607.24 | 39.96% | 14,761,945,840.89 | 49.86% | -51.68% |
Bymarketingmodel | |||||
Directsales | 5,565,516,534.04 | 31.18% | 5,773,701,603.23 | 19.50% | -3.61% |
Distribution | 12,283,814,895.20 | 68.82% | 23,834,152,652.04 | 80.50% | -48.46% |
KonkaGroupCo.,Ltd.AnnualReport2023
(2)OperatingDivision,ProductCategory,OperatingSegmentorMarketingModelContributingover10%ofOperatingRevenueorOperatingProfit
√Applicable□Notapplicable
Unit:RMB
Operatingrevenue | Costofsales | Grossprofitmargin | YoYchangeinoperatingrevenue(%) | YoYchangeincostofsales(%) | YoYchangeingrossprofitmargin(%) | |
Byoperatingdivision | ||||||
Consumerelectronics | 10,204,905,315.64 | 9,670,394,039.66 | 5.24% | -6.13% | -7.61% | 1.51% |
Memorychiptradingandsemiconductor | 3,397,161,542.60 | 3,433,148,164.76 | -1.06% | -67.37% | -66.94% | -1.31% |
Byproductcategory | ||||||
ColorTVs | 4,708,450,488.99 | 4,756,604,973.05 | -1.02% | -6.26% | -6.40% | 0.14% |
Whitegoods | 4,257,423,386.71 | 3,790,414,584.40 | 10.97% | 8.35% | 7.58% | 0.63% |
Memorychiptradingandsemiconductor | 3,397,161,542.60 | 3,433,148,164.76 | -1.06% | -67.37% | -66.94% | -1.31% |
Byoperatingsegment | ||||||
Domestic | 10,716,944,822.00 | 10,283,636,801.86 | 4.04% | -27.81% | -27.87% | 0.07% |
Overseas | 7,132,386,607.24 | 6,865,399,948.64 | 3.74% | -51.68% | -52.76% | 2.18% |
Bymarketingmodel | ||||||
Directsales | 5,565,516,534.04 | 5,405,059,203.62 | 2.88% | -3.61% | -2.40% | -1.20% |
Distribution | 12,283,814,895.20 | 11,743,977,546.88 | 4.39% | -48.46% | -49.49% | 1.94% |
CorebusinessdataoftheprioryearrestatedaccordingtothechangedstatisticalcaliberfortheReportingPeriod:
□Applicable√Notapplicable
(3)WhetherRevenuefromPhysicalSalesIsHigherthanServiceRevenue
√Yes□No
Operatingdivision | Item | Unit | 2023 | 2022 | Change(%) |
Consumerelectronics | Unitsales | 0,000units | 1,070 | 1,028 | 4.09% |
Output | 0,000units | 1,080 | 983 | 9.87% | |
Inventory | 0,000units | 81 | 73 | 10.96% |
Anyover30%YoYmovementsinthedataaboveandwhy:
□Applicable√Notapplicable
(4)ExecutionProgressofMajorSignedSalesandPurchaseContractsintheReportingPeriod
□Applicable√Notapplicable
(5)BreakdownofCostofSalesByproductcategory
Unit:RMB
Productcategory | Item | 2023 | 2022 | Change(%) | ||
Costofsales | As%oftotalcostof | Costofsales | As%oftotalcost |
KonkaGroupCo.,Ltd.AnnualReport2023
sales(%) | ofsales(%) | |||||
ColorTVs | ColorTVs | 4,756,604,973.05 | 27.74% | 5,081,621,150.13 | 17.65% | -6.40% |
Whitegoods | Whitegoods | 3,790,414,584.40 | 22.10% | 3,523,413,567.24 | 12.24% | 7.58% |
Memorychiptradingandsemiconductor | Memorychiptradingandsemiconductor | 3,433,148,164.76 | 20.02% | 10,384,753,139.40 | 36.07% | -66.94% |
Environmentprotectionandnewmaterials | Environmentprotectionandnewmaterials | 1,134,022,493.39 | 6.61% | 1,511,874,387.74 | 5.25% | -24.99% |
PCB | PCB | 420,480,569.60 | 2.45% | 627,609,981.96 | 2.18% | -33.00% |
Other | Other | 3,614,365,965.30 | 21.08% | 7,659,366,167.41 | 26.61% | -52.81% |
Note:
Costofsaleschangedaccordinglywithoperatingrevenue.
(6)ChangesintheScopeofConsolidatedFinancialStatementsfortheReportingPeriod
√Yes□No
Nameofsubsidiary | Registeredcapital(RMB) | TheCompany’sinterest(%) | Dateofchange | Reasonforchange |
AnhuiKonkaZhilianE-CommerceCo.,Ltd. | 5,000 | 0.00 | 2023-6-1 | De-registered |
JiangsuKonkaSpecialMaterialTechnologyCo.,Ltd. | 10,000 | 0.00 | 2023-10-8 | |
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | 2,500 | 49.00 | 2023-2-27 | Equitytransfer |
YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. | 7,600 | 0.00 | 2023-11-27 | |
ChongqingKangxingruiEnvironmentalTechnologyCo.,Ltd. | 5,000 | 0.00 | 2023-12-5 | |
ZhongshanKanghongElectronicTechnologyCo.,Ltd. | 7,000 | 0.00 | 2023-12-19 | |
GuizhouKangguiEnergyCo.,Ltd. | 10,000 | 0.00 | 2023-12-25 | |
Kanghong(Yantai)EnvironmentalTechnologyCo.,Ltd. | 3,000 | 0.00 | 2023-12-28 | |
ChongqingFangbingRealEstateCo.,Ltd. | 2,000 | 49.00 | 2023-2-27 | |
ChongqingKangxingruiRenewableResourcesCo.,Ltd. | 6,000 | 0.00 | 2023-12-5 | |
ChongqingKangxingruiScrapedAutomobileRecyclingCo.,Ltd. | 10,000 | 0.00 | 2023-12-5 |
(7)MajorChangestotheBusinessScopeorProductorServiceRangeintheReportingPeriod
□Applicable√Notapplicable
(8)MajorCustomersandSuppliersMajorcustomers:
Totalsalestotopfivecustomers(RMB) | 5,029,937,059.53 |
Totalsalestotopfivecustomersas%oftotalsalesoftheReportingPeriod(%) | 28.17% |
Totalsalestorelatedpartiesamongtopfivecustomersas%oftotalsalesoftheReportingPeriod(%) | 0.00% |
KonkaGroupCo.,Ltd.AnnualReport2023
Topfivecustomers:
No. | Customer | SalesrevenuecontributedfortheReportingPeriod(RMB) | As%oftotalsalesrevenue(%) |
1 | CustomerA | 1,935,159,220.70 | 10.84% |
2 | CustomerB | 1,217,950,598.75 | 6.82% |
3 | CustomerC | 694,693,692.94 | 3.89% |
4 | CustomerD | 689,729,963.97 | 3.86% |
5 | CustomerE | 492,403,583.17 | 2.76% |
Total | -- | 5,029,937,059.53 | 28.17% |
Otherinformationaboutmajorcustomers:
√Applicable□NotapplicableNoneofthetopfivecustomerswererelatedpartiesoftheCompany.AndnoneoftheCompany’sdirectors,supervisors,executiveofficers,coretechnicians,over5%shareholders,actualcontrolleroranyotherrelatedpartiesheldequityinterestsinthemajorcustomers,directlyorindirectly.Majorsuppliers:
Totalpurchasesfromtopfivesuppliers(RMB) | 5,074,672,418.49 |
Totalpurchasesfromtopfivesuppliersas%oftotalpurchasesoftheReportingPeriod(%) | 31.96% |
Totalpurchasesfromrelatedpartiesamongtopfivesuppliersas%oftotalpurchasesoftheReportingPeriod(%) | 0.00% |
Topfivesuppliers:
No. | Supplier | PurchaseintheReportingPeriod(RMB) | As%oftotalpurchases(%) |
1 | SupplierA | 1,718,825,666.93 | 10.82% |
2 | SupplierB | 1,268,987,192.38 | 7.99% |
3 | SupplierC | 704,760,127.46 | 4.44% |
4 | SupplierD | 698,255,754.27 | 4.40% |
5 | SupplierE | 683,843,677.44 | 4.31% |
Total | -- | 5,074,672,418.49 | 31.96% |
Otherinformationaboutmajorsuppliers:
√Applicable□NotapplicableNoneofthetopfivecustomerswererelatedpartiesoftheCompany.AndnoneoftheCompany’sdirectors,supervisors,executiveofficers,coretechnicians,over5%shareholders,actualcontrolleroranyotherrelatedpartiesheldequityinterestsinthemajorcustomers,directlyorindirectly.
3.Expense
Unit:RMB
2023 | 2022 | Change(%) | Reasonforanysignificantchange | |
Sellingexpense | 1,145,124,848.96 | 1,240,144,735.77 | -7.66% | |
Administrativeexpense | 807,527,910.20 | 949,647,590.28 | -14.97% | |
Financecosts | 562,016,110.24 | 522,423,743.18 | 7.58% | |
R&Dexpense | 497,993,759.86 | 543,882,024.89 | -8.44% |
4.R&DInvestments
√Applicable□Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2023
NamesofmainR&Dprojects | Projectobjectives | Projectprogress | Objectivestobeachieved | ExpectedimpactontheCompany |
Laserdirecttransfertechnologydevelopment | TodrivethedevelopmentandbreakthroughofkeycoretechnologiesintheMicroLEDdisplayindustry,alongwiththeindustrializationandlocalizationofequipment,andtostrengthentheupstreamanddownstreamsupplychainoftheMicroLEDindustry. | Theprojecthaspasseditsmid-terminspection,andwafertestingtrialstoverifycomplianceareunderway. | ToachieveexpectedbenchmarksintermsofMicroLEDdisplaymasstransferyield,efficiency,thenumberofchipsrepairedinasingleattempt,andyieldafterrepair. | Tofurtherimprovethehardwarefacilitiesformasstransferandrepairbasedontheexistingmasstransferfoundation,enhancingtheCompany'scapabilitiesinthefieldofMicroLEDlasermasstransferandrepairtechnology. |
Minichipperformanceimprovement | Toverifytheproductionprocessstabilityofredlightchipsinepitaxyandchipmanufacturing,andtointroducethemintocommercialdisplayproductioninsmallbatches. | Opticalperformancemeetstherequirementsforcommercialdisplays.Plansareunderwaytostartmassproductionfollowingthecompletionofthefinalsetup. | Tomeetcommercialdisplayopticalperformancerequirementsandinitiatemassproduction. | Theproductioncapacityoftheepitaxyandchiplinesisvalidated. |
MicroLEDchipperformanceenhancement | Toenhancechipperformancetomeettheneedsofinternalandexternalcustomers. | Developmentofgreenandbluelightchipshasbeencompleted,withongoingeffortstofurtherenhancements. | Tomeetperformanceandyieldtargets,continuouslyimprovingtheinput-outputratioofredlightchips. | Tomeettheneedsofinternalandexternalcustomersandproceedtoindustrialization. |
Developmentofmetalpress-fithybridsubstrates | Tomeetthedemandformetalsubstratesinnewenergyandenergystoragefields,broadentheproductline,andenhancetheCompany'stechnologicallevel. | Sampleshavebeensubmittedforcustomertesting. | Tostartsmall-scaleproductionin2024. | Enteringthehigh-endproductmarketwillenhancetheCompany'scompetitiveness. |
Developmentof5Gmetalsubstrateproducts | Toindependentlydevelopprojectsthatmeettherequirementsforhigh-techenterprisecertification. | Preliminarymarketresearchandmaterialpreparationhavebeencompleted,andtheprojectiscurrentlyinthetrialproductionstage. | Toenterindustrializationby2025. | ToenhancetheCompany'stechnologyreserves,improveR&Dcapabilities,andmaintainatechnologicallead. |
Researchandindustrializationofprecisefresh-keepingandintelligentstoragetechnologyforhouseholdrefrigerators | Toachieveprecisepreservationofdifferentfoodmaterialswithintherefrigerator,enhancingthepreservationeffectoftherefrigerator. |
Technologydevelopmenthasbeencompleted,appliedtoproducts,andmassproductionhasbeenrealized.ThetechnologyprojectwonthethirdprizeofScienceandTechnologyProgressAwardofChinaNationalLightIndustryCouncilin2023.
Tocompletethedevelopmentofnewtechnologyandrealizeitsapplicationinaseriesofproducts. | ToimprovetheCompany'srefrigeratorprecisefresh-keepingtechnologylevelandenhanceproductcompetitiveness. | |||
Developmentofhigh-performanceMiniLEDbacklight | Toachievethedevelopmentofhigh-performanceMiniLEDbacklighttechnologyandproductizethetechnology. | Technology-to-productconversionhasbeencommercialized. | Relatedproductshavebeenlaunchedinbatches. | ToenhancethecompetitivenessoftheCompany'sproducts. |
KonkaGroupCo.,Ltd.AnnualReport2023
DetailsaboutR&Dpersonnel:
2023 | 2022 | Change(%) | |
NumberofR&Dpersonnel | 1,479 | 1,537 | -3.77% |
R&Dpersonnelas%oftotalemployees | 10.48% | 10.59% | -0.11% |
EducationalbackgroundofR&Dpersonnel | |||
Bachelor’sdegreeandbelow | 1,349 | 1,398 | -3.51% |
Master’sdegree | 124 | 131 | -5.34% |
Doctoraldegree | 6 | 8 | -25.00% |
AgestructureofR&Dpersonnel | |||
Below30 | 695 | 716 | -2.93% |
30-40 | 551 | 573 | -3.84% |
Over40 | 233 | 248 | -6.05% |
DetailsaboutR&Dinvestments:
2023 | 2022 | Change(%) | |
R&Dinvestments(RMB) | 497,993,759.86 | 543,882,024.89 | -8.44% |
R&Dinvestmentsas%ofoperatingrevenue | 2.79% | 1.84% | 0.95% |
CapitalizedR&Dinvestments(RMB) | 0.00 | 0.00 | 0.00 |
CapitalizedR&Dinvestmentsas%oftotalR&Dinvestments | 0.00% | 0.00% | 0.00% |
ReasonforanysignificantchangeinR&Dpersonnelcompositionandtheimpact:
□Applicable√NotapplicableReasonsforanysignificantYoYchangeinthepercentageofR&Dinvestmentsinoperatingrevenue:
□Applicable√NotapplicableReasonforanysharpvariationinthepercentageofcapitalizedR&Dinvestmentsandrationale:
□Applicable√Notapplicable
5.CashFlows
Unit:RMB
Item | 2023 | 2022 | Change(%) |
Subtotalofcashgeneratedfromoperatingactivities | 18,703,945,979.20 | 33,467,042,610.14 | -44.11% |
Subtotalofcashusedinoperatingactivities | 18,150,844,701.30 | 33,995,345,651.97 | -46.61% |
Netcashgeneratedfrom/usedinoperatingactivities | 553,101,277.90 | -528,303,041.83 | 204.69% |
Subtotalofcashgeneratedfrominvestingactivities | 2,481,589,961.16 | 5,299,153,383.77 | -53.17% |
Subtotalofcashusedininvestingactivities | 2,013,333,188.02 | 4,972,918,573.56 | -59.51% |
Netcashgeneratedfrom/usedininvestingactivities | 468,256,773.14 | 326,234,810.21 | 43.53% |
Subtotalofcashgeneratedfromfinancingactivities | 11,690,214,069.69 | 21,373,734,199.02 | -45.31% |
Subtotalofcashusedinfinancingactivities | 12,521,398,097.40 | 21,706,022,136.76 | -42.31% |
Netcashgeneratedfrom/usedinfinancingactivities | -831,184,027.71 | -332,287,937.74 | -150.14% |
Netincreaseincashandcashequivalents | 212,872,338.65 | -506,435,208.13 | 142.03% |
Explanationofwhyanyofthedataabovevariessignificantly:
√Applicable□Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2023
Netcashgeneratedfrom/usedinoperatingactivitieschangedprimarilybecausewithdecreasedinventories,cashpaymentsforgoodsandservicesasapercentageofcashinflowsfromsalesdeclinedyearonyear.Netcashgeneratedfrom/usedininvestingactivitieschangedprimarilybecausecashpaymentsforconstructionandacquisitionoffixedassets,intangibleassetsandotherlong-termassetsdeclinedyearonyear.Netcashgeneratedfrom/usedinfinancingactivitieschangedprimarilybecauseborrowingsdeclinedyearonyear.ReasonforanybigdifferencebetweenthenetoperatingcashflowandthenetprofitforthisReportingPeriod:
□Applicable√NotapplicableVAnalysisofNon-CoreBusinesses
√Applicable□Notapplicable
Unit:RMB
Amount | As%oftotalprofit | Source/Reason | Recurrentornot | |
Returnoninvestment | 675,405,221.53 | -24.86% | Changetothemeasurementmethodofinvesteecompanyinthecurrentperiod | Not |
Gain/lossonchangesinfairvalue | -97,937,910.89 | 3.60% | Changetothemeasurementmethodofinvesteecompanyinthecurrentperiod | Not |
Assetimpairments | -1,017,195,966.23 | 37.43% | Impairmentsofreceivablesandinventories | Not |
Non-operatingincome | 26,263,072.49 | -0.97% | IncreasedgainsthatwerenotdirectlyrelatedtotheCompany’sroutineoperations | Not |
Non-operatingexpense | 156,685,855.03 | -5.77% | Not |
VIAnalysisofAssetsandLiabilities
1.SignificantChangesinAssetComposition
Unit:RMB
31December2023 | 1January2023 | Changeinpercentage(%) | Reasonforanysignificantchange | |||
Amount | As%oftotalassets | Amount | As%oftotalassets | |||
Monetaryassets | 6,506,359,577.02 | 18.16% | 5,988,095,490.71 | 15.75% | 2.41% | |
Accountsreceivable | 1,726,545,973.08 | 4.82% | 2,036,734,836.22 | 5.36% | -0.54% | |
Contractassets | 2,190,385.93 | 0.01% | 0.00% | 0.01% | ||
Inventories | 3,249,897,700.98 | 9.07% | 4,409,767,756.22 | 11.60% | -2.53% | |
Investmentproperty | 1,470,226,723.87 | 4.10% | 802,407,844.60 | 2.11% | 1.99% | |
Long-termequityinvestments | 5,566,483,863.29 | 15.54% | 6,351,232,955.58 | 16.70% | -1.16% | |
Fixedassets | 5,218,297,745. | 14.57% | 4,114,029,693.38 | 10.82% | 3.75% |
KonkaGroupCo.,Ltd.AnnualReport2023
16 | |||||
Constructioninprogress | 860,899,498.68 | 2.40% | 1,990,361,377.07 | 5.23% | -2.83% |
Right-of-useassets | 197,054,423.17 | 0.55% | 50,019,838.68 | 0.13% | 0.42% |
Short-termborrowings | 6,390,592,056.27 | 17.84% | 7,579,559,304.97 | 19.93% | -2.09% |
Contractliabilities | 527,975,160.12 | 1.47% | 601,044,358.35 | 1.58% | -0.11% |
Long-termborrowings | 7,779,150,079.88 | 21.71% | 8,906,931,402.89 | 23.42% | -1.71% |
Leaseliabilities | 160,218,818.92 | 0.45% | 36,586,639.16 | 0.10% | 0.35% |
Indicatewhetheroverseasassetsaccountforalargerproportionofthetotalassets.
□Applicable√Notapplicable
2.AssetsandLiabilitiesatFairValue
√Applicable□Notapplicable
Unit:RMB
Item | Beginningamount | Gain/lossonfair-valuechangesintheReportingPeriod | Cumulativefair-valuechangeschargedtoequity | ImpairmentallowancefortheReportingPeriod | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Otherchanges | Endingamount |
Financialassets | ||||||||
1.Tradingfinancialassets(derivativefinancialassetsexcluded) | 0.00 | -335,611,963.64 | 974,897,430.42 | 169,648,766.00 | 469,636,700.78 | |||
2.Derivativefinancialassets | 0.00 | |||||||
3.Investmentsinotherdebtobligations | ||||||||
4.Investmentsinotherequityinstruments | 23,841,337.16 | 23,841,337.16 | ||||||
5.Othernon-currentfinancialassets | 2,639,662,273.32 | 22,348,324.95 | 1,200,000.00 | 653,534,200.27 | 2,009,676,398.00 | |||
Subtotaloffinancialassets | 2,663,503,610.48 | -335,611,963.64 | 22,348,324.95 | 0.00 | 976,097,430.42 | 823,182,966.27 | 0.00 | 2,503,154,435.94 |
Investmentproperty | 0.00 | |||||||
Productivelivingassets | 0.00 | |||||||
Other | 237,187,228.44 | 0.00 | 0.00 | 0.00 | 173,396,326.14 | 237,187,228.44 | 0.00 | 173,396,326.14 |
Totaloftheabove | 2,900,690,838.92 | -335,611,963.64 | 22,348,324.95 | 0.00 | 1,149,493,756.56 | 1,060,370,194.71 | 0.00 | 2,676,550,762.08 |
Financialliabilities | 0.00 | 0.00 |
Particularsaboutotherchanges:
Item | Beginningamount | Gain/lossonfair-valuechangesintheReportingPeriod | Cumulativefair-valuechangeschargedtoequity | ImpairmentallowancefortheReportingPeriod | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Otherchanges | Endingamount |
Receivables | 237,187,228.44 | 173,396,326.14 | 237,187,228.44 | 173,396,326.14 |
KonkaGroupCo.,Ltd.AnnualReport2023
SignificantchangestothemeasurementattributesofthemajorassetsintheReportingPeriod:
□Yes√No
3.RestrictedAssetRightsasatthePeriod-End
financing
Item
Item | Endingcarryingvalue(RMB) | Reasonforrestriction |
Monetaryassets | 831,575,227.47 | Ofwhich,RMB384,011,696.60issecuritydepositsputinpledgeforloansortheissuanceofbankacceptancebills;RMB226,611,500.00istermdepositsthatcannotbewithdrawninadvance;andRMB220,952,030.87isrestrictedforotherreasons. |
Accountsreceivable | 2,474,071.67 | Inpledgeforloan |
Notesreceivable | 209,288,446.67 | Inpledgefortheissuanceofbankacceptancebill |
Inventories | 599,475,045.44 | Affectedbythesmallshareholdercaseofthesubsidiary,thebookvalueofthesealedinventoryis49679547.48yuan,andthecompanyhasnotwaiveditsclaims;Theyear-endbookvalueofinventoryusedformortgageloansis549795497.96yuan. |
Investmentproperty | 585,984,804.04 | Ascollateralforloan |
Fixedassets | 1,689,602,310.18 | Ascollateralforfinancelease,loan,andformershareholderguarantee |
Intangibleassets | 620,594,057.60 | Ascollateralforfinancelease,loan,andformershareholderguarantee |
Constructioninprogress | 40,629,663.23 | Ascollateralforloan |
Total | 4,579,623,626.30 |
VIIInvestmentsMade
1.TotalInvestmentAmount√Applicable□Notapplicable
AmountofReportingPeriod(RMB) | Amountofthesameperiodoflastyear(RMB) | Change(%) |
1,483,759,951.04 | 4,490,904,118.80 | -66.96% |
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 | 52,763,258.07 | 597,772,764.56 | Self-andbankloan-funded | N/A | 2017-03-11 | http://www.cninfo.com.cn/new/index | |||
SuiningKonkaElectronicTechnologyIndustrialPark | Self-build | Yes | Electronicindustry | 77,521,892.09 | 560,926,943.76 | Self-funded | N/A | 2018-10-17 |
KonkaGroupCo.,Ltd.AnnualReport2023
ChongqingKonkaSemiconductorPhotoelectricIndustrialPark | Self-build | Yes | Electronicindustry | 68,261,542.5 | 659,258,140.16 | Self-andbankloan-funded | N/A | 2019-06-14 | |||
FrestecRefrigerationPark | Self-build | Yes | Electronicindustry | 211,647,231.52 | 459,445,561.07 | Self-andbankloan-funded | N/A | 2020-07-21 | |||
Xi’anKonkaSmartAppliancesHeadquartersProject | Self-build | Yes | Electronicindustry | 416,624,730.62 | 596,286,666.50 | Self-andbankloan-funded | N/A | 2021-02-10 | |||
Total | -- | -- | -- | 826,818,654.80 | 2,873,690,076.05 | -- | -- | -- | -- | -- |
Note:DongguanKonkaIntelligentIndustrialParkhasbeencompletedandaccepted.Xi’anKonkaSmartAppliancesHeadquartersProjecthasbeenputintouse.SuiningKonkaElectronicTechnologyIndustrialParkandFrestecRefrigerationParkareunderconstruction.RegardingtheSemiconductorPhotoelectricResearchInstituteofChongqingKonkaSemiconductorPhotoelectricIndustrialPark,theinfrastructureofthefirstphasehasbeencompletedandaccepted,withtheremaininginfrastructureconstructionongoing.
4.FinancialInvestments
(1)SecuritiesInvestments
√Applicable□Notapplicable
Unit:RMB
Varietyofsecurity | Codeofsecurity | Nameofsecurity | Initialinvestmentcost | Accountingmeasurementmethod | Beginningcarryingvalue | Gain/LossonfairvaluechangesinReportingPeriod | Accumulatedfairvaluechangeschargedtoequity | PurchasedinReportingPeriod | SoldinReportingPeriod | Gain/lossinReportingPeriod | Endingcarryingvalue | Accountingtitle | Sourceofinvestmentfunds |
Domestic/Foreignstock | 003040 | ChutianDragon | 974,897,430.42 | Fairvaluemethod | 0.00 | -335,611,963.64 | 0.00 | 974,897,430.42 | 169,648,766.00 | -46,591,299.41 | 469,636,700.78 | Tradingfinancialassets | Self-funded |
Othersecuritiesinvestmentsheldattheperiod-end | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | ||
Total | 974,897,430.42 | -- | 0.00 | -335,611,963.64 | 0.00 | 974,897,430.42 | 169,648,766.00 | -46,591,299.41 | 469,636,700.78 | -- | -- | ||
Disclosuredateofannouncementonboard’sapprovingsecuritiesinvestment(ifany) | 4April2023 | ||||||||||||
Disclosuredateofannouncementonshareholders’meetingapprovingsecuritiesinvestment(ifany) | N/A |
(2)InvestmentsinDerivativeFinancialInstruments
□Applicable√Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2023
NosuchcasesintheReportingPeriod.
5.UseofRaisedFunds
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIIISaleofMajorAssetsandEquityInterests
1.SaleofMajorAssets
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.SaleofMajorEquityInterests
□Applicable√NotapplicableIXMajorSubsidiaries
√Applicable□NotapplicableMajorfully/majority-ownedsubsidiariesandthoseminority-ownedsubsidiarieswithanover10%effectontheCompany’snetprofit
Unit:RMB
Name | RelationshipwiththeCompany | Principalactivity | Registeredcapital | Totalassets | Netassets | Operatingrevenue | Operatingprofit | Netprofit |
ShenzhenKonkaCircuitCo.,Ltd. | Subsidiary | Manufacturingandsaleofelectronics | RMB1,000,000,000 | 643,458,460.23 | 451,677,708.59 | 76,790,723.30 | 9,997,602.71 | 9,795,415.03 |
AnhuiKonkaTongchuangElectricalAppliancesCo.,Ltd. | Subsidiary | Manufacturingandsaleofelectronics | RMB800,000,000 | 1,811,403,982.33 | 823,926,619.91 | 3,395,712,049.58 | 47,468,328.76 | 47,607,805.41 |
HongKongKonkaCo.,Ltd. | Subsidiary | Export&importofelectronics | HKD500,000 | 3,045,265,073.97 | 431,256,933.56 | 2,726,423,284.90 | 39,923,157.65 | 28,484,645.82 |
SubsidiariesobtainedordisposedofintheReportingPeriod:
√Applicable□Notapplicable
Subsidiary | HowsubsidiarywasobtainedordisposedintheReportingPeriod | Effectsonoveralloperationsandoperatingperformance |
AnhuiKonkaZhilianE-CommerceCo.,Ltd. | De-registered | Forbetterallocationofassets |
JiangsuKonkaSpecialMaterialTechnologyCo.,Ltd. | ||
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | Equitytransfer | BeneficialtothedevelopmentoftheCompany’srelevantbusinessandbringaboutacertainamountofgains |
YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. | ||
ChongqingKangxingruiEnvironmentalTechnologyCo.,Ltd. | ||
ZhongshanKanghongElectronicTechnologyCo.,Ltd. | ||
GuizhouKangguiEnergyCo.,Ltd. | ||
Kanghong(Yantai)EnvironmentalTechnologyCo.,Ltd. | ||
ChongqingFangbingRealEstateCo.,Ltd. | ||
ChongqingKangxingruiRenewable |
KonkaGroupCo.,Ltd.AnnualReport2023
ResourcesCo.,Ltd. |
ChongqingKangxingruiScrapedAutomobileRecyclingCo.,Ltd. |
Informationaboutprincipalsubsidiariesandjointstockcompanies:
NoneXStructuredBodiesControlledbytheCompany
□Applicable√NotapplicableXIProspectoftheCompany’sFutureDevelopmentIn2024,theCompanywillfollowthenewdevelopmentstrategyof"OneAxis,TwoWheelsandThreeGrowthDrivers,"andadheretolong-termvalue-orientedprinciplesaswellastheoperationalstrategyoffocusingonthelongterm,makingprofitbeforeexpansion,andimprovingspecializationbeforeconsolidation.Itwillalsodeepenprofessionalintegration,implementleanmanagement,andpromotehigh-qualitydevelopment.TheCompany’smaintasksin2024arelistedasfollows:
(I)AdheretothespiritofreformandcomprehensivelydeepenthenewdevelopmentstrategyFirst,reformandadjustthebusinessstructure.TheCompanywillallocateresourcestosupportthedevelopmentofitscorebusiness,focusingondrivingthegrowthandprofitabilityofthewhitegoodsandPCBsectors.LeanmanagementwillbeimplementedtoenhancevaluecreationandreducelossesinthecolourTVbusiness.Innovationeffortswillbedirectedtowardscapitalizationandefficiencyoutputofthesemiconductorbusiness,therebycreatingaspecializedbusinessmatrix.Second,reformandadjusttheproductstructure.First,theCompanywillestablishanecoproductmatrixforconsumerelectronicstodrivesystematicandecologicalproductoperations.Second,theCompanywillfocusonoptimizingtheproductmixofitscorebusiness,increasinginvestmentinR&Dresources,fixedassets,talentpool,andotherareas.Last,theCompanywillstrengthenproductsynergy,andleverageitsadvantagesinoptoelectronicsemiconductortechnology,PCBandsemiconductormemorysupplychaintopromotethehigh-endanddifferentiateddevelopmentofconsumerelectronicsproducts.Third,reformandadjustthestructureofproductioncapacityallocation.TheCompanywillfocusitsresourcesonsteadilyadvancingthefulloperationofthePCBfactoryinSuiningandthesuccessfulestablishmentofwashingmachineandairconditionerproductionbases.ItwillalsointensifyeffortstoexpandOEMbusiness,aimingtoenhancetheoperationalperformanceofmanufacturingfactoriesthrougheconomiesofscale.Fourth,reformandadjusttheorganizationalstructureofhumanresources.TheCompanywillstrengthenthecompatibilitybetweenproductionpersonnelandproductoutput,controltheoveralllaborforce,andincreasepercapitaoutput.Itwillalsocontinuouslyrecruittopscientificresearchpersonnelandoverseastalents,improveincentivesforenhancingpersonneleffectiveness,andboosttheinitiativeandenthusiasmofemployeestoimproveproductivityandefficiency.Fifth,reformandadjustthedirectionofscience,technologyandinnovation.ThecolourTV
KonkaGroupCo.,Ltd.AnnualReport2023
businesswillintegratetraditionaltechnologiessuchaspicturequalityandsoundqualitywithcutting-edgetechnologiesincludingMini/MicroLEDdisplays,5G,8Kresolution,artificialintelligence,AIlargemodels,andcloudcomputingtogainacompetitiveedgeinthedifferentiatedmarket.Thewhitegoodsbusinessaimstoextensivelyapplycutting-edgetechnologiessuchastheInternetofThings(IoT)andsensorstoproducts,whichwillmeetusers'needsforhealth,comfort,andeco-friendliness.Thesemiconductoroptoelectronicsbusinesswillstrengthenbreakthroughsinchipminiaturizationandmasstransfertechnologiestocapitalizeontheproductrevolutiondrivenbytechnologicalindustrialization.ThePCBbusinessplanstocombinetheexistinghighmultilayerthrough-holetechnologywithadvancedtechnologiessuchasHDI,thickcopper,andrigid-flexboards,toenterfieldssuchasnewenergy,automotiveelectronics,andcommunicationservers,aimingtoestablishapresenceinhigh-endproducts.(II)AdheretotheleanconceptandfullypracticenewmanagementstrategiesFirst,improveindicatorsforcorecapabilities.TheCompanywillfocusoncoreefficiencyindicatorstodrivevaluecreation,andtakerobustandeffectivemeasurestosteadilyimproveoperationalperformance.Second,continuetoimplementcost-cuttingandcost-controlmeasures.Intermsofexpenses,theCompanywillstrengthenbudgetcontrolthroughouttheprocess,andenhancemanagementforkeyexpenseitems,whileoptimizingexpensestructureandreducingadministrativeexpenses.Intermsofcostreduction,theCompanywillincreasetheproportionofcentralizedprocurement,andimplementcomprehensivecostreductionmeasuressuchasreducingprocurementprices,improvingprocurementturnovermanagement,andintegratingprocurementwithproductstoreducecosts.Third,strengthencorporategovernance.Ontheonehand,theCompanywillreducetheoperatingrisksoflegalentitiesandpromotetheinflowoffundsthroughmeasuressuchasreducinglosses,controllingdeficitsandreducingthenumberoflegalentities.Ontheotherhand,theCompanywillstrengthentheoperatingresponsibilityawarenessoflegalentities,establishatwo-prongedcontrolmechanismwithequalemphasisonmanagementlinesandlegalentitylines,andacceleratetheimprovementofthecorebusiness'sprofitability.(III)Insistonbottom-linethinkingandconsolidatetheballastagainstriskinallaspectsFirst,promoteassetsrevitalization.TheCompanywillimplementelevatedmanagementforkeyassetsrevitalizationprojectsin2024,formingaworkpatternwheretheheadquartersoverseestheoverallrevitalizationplan,businessunitsimplementspecificmeasures,andkeyprojectswarrantelevatedfocusforbreakthroughs.Second,optimizeinterest-bearingliabilities.TheCompanywillactivelyadjustandoptimizethestructureofinterest-bearingliabilities,seekmedium-tolong-termfinancingopportunities,improvetheratiooflong-termtoshort-termdebt,andreducefinancingcosts.(IV)Adheretothepathofspecializationandpromotehigh-qualitymanagementonallfronts
KonkaGroupCo.,Ltd.AnnualReport2023
"Thedriversofproducts,manufacturing,andinternationalization"serveasthemainengineforthe"two-wheel"corebusinessdevelopment,constitutingtheprimarydrivingforcefortheCompany'scorebusinessdevelopment.TheCompanywilladheretolong-termvalue-orientedprinciples,forgeaspecializedbusinessmatrix,enhancetheprofessionalcapabilitiesin"products,manufacturing,andinternationalization",andpropelhigh-qualitydevelopmentoftheprincipalbusiness.Thespecifictasksareasfollows:
1.ColourTVsIn2024,thekeytasksofthecolourTVbusinessaretoprioritizecashflowandprofit,ensuringmaximizationoftotalgrossprofit,operationalcashflow,andpercapitaoutputefficiency.Intermsofdomesticsales,first,itisnecessarytoreshapethecapabilityforvaluemanagementtoimprovegrossmargin.Second,itinvolvesfocusingoncreatinghigh-qualityproducts.Underthemarkettrendssuchashighrefreshrates(120Hzandabove)andMiniLEDtechnology,thestrategyistomanufacturelarge-screen(65inchandabove)panelsandcreatepremiumproductsthatcanrivalthebestintheindustry.Third,saleschannelsneedtobetransformedtopromoteintegrateddevelopment,whilevigorouslydevelopingemergingchannelssuchasOTO(OnlineToOffline)andinterest-basede-commerce,andpromotingthesynergisticintegrationandresourcereuseofwhiteandblackgoodscategories.Intermsofexportsales,withprofitabilityastheprimaryobjective,thefocusisonexpandingmanufacturingforinternationalmarketsandpromotingbrandabroad.Underthepremiseofmaximizinggrossprofit,effortsaredirectedtowardsmaximizingscale.Regardingmanufacturing,thereisafurtheremphasisonexpandingthecustomerbaseforstrategicbusinessclientsandincreasingthescaleofOEMproduction.
2.WhitegoodsIn2024,thekeytasksofthewhitegoodsbusinessareasfollows:First,theCompanywillaimforefficiencythroughscalewhileseekinggainsfromproductdifferentiation;second,theCompanywillincreasesalesofnewdishwashercategories,timelyestablishnewproductionbasesforproductlineswithinsufficientcapacitysuchasairconditionersandwashingmachines,andrealizeproductionwithFrestecrefrigerationtechnologies;third,theCompanywillmaintaingrowthmomentuminexportandOEMbusiness,focusonadvantageousmarkets,exploreopportunitiesinuntappedmarkets,withafocusonEurope,Asia-Pacific,andAfrica;fourth,theCompanywilleffectivelycoordinatethematrixarrangementofdualbrandsandsub-brands,promotethehigh-endupgradeofbrandsandproducts,andmaximizegrossmarginoutputthroughbrandandupscaleproducts.
3.SemiconductortechnologyIn2024,thekeytasksofthesemiconductortechnologybusinessaretwofold:First,theCompanywillachieveindustrialscaleexpansion,improveproductionefficiency,andcontinuouslypromoteBOM(BillofMaterials)optimization,processoptimization,andyieldimprovement;second,theCompanywillsolidlyadvancecostreductionandexpensecontrol,continuouslyreduceexpenses,
KonkaGroupCo.,Ltd.AnnualReport2023
strengthenexpensebudgetmanagement,implementcomprehensivebudgeting,andenforce"centralizedmanagementofcostsandexpenses",strictlycontrolnon-strategicexpenses.
4.PCBIn2024,thekeytasksofthePCBbusinessarethreefold:First,theCompanywillutilizehigh-endsmartplantsandcapabilitiesinhigh-layertechnology,HDItechnology,andrigid-flexboards,controlthepaceofproductlaunch,developstrategiccustomers,andgraduallyformascaleadvantage;second,theCompanywilladjustthecustomerstructureandcontinuouslypromotecustomerbaseupgrading;third,theCompanywillcreatehigh-qualityproductsthroughR&D,improvetheR&Dsystembasedonnewproducts,newmaterials,andnewtechnologies,andeffectivelymanagethetransformationandutilizationoftechnologicalachievementstocontinuouslyenhanceproductcompetitiveness.
5.MobileInternetIn2024,thekeytasksofthemobileinternetbusinessaretwofold:First,theCompanywillscientificallyplanorganizationalstructureandpersonnelallocation,enhanceorganizationalefficiency,andoptimizecostexpenses;second,theCompanywillimprovethegrossprofitofoverseasmobilephonebusinessandOEMbusiness,andfocusresourcesonoverseasmarketstocreatecoreproducts.
6.IndustrialparksIn2024,thekeytasksoftheindustrialparkbusinessaretofocusonassetsrevitalizationandtheoperationofexistingproperties,providespacecarriers,cashflow,andprofitsupportforindustriallayoutandenablethedevelopmentofthecorebusiness;atthesametime,tofullyrevitalizeparkassets,integratehigh-qualityoperatingassetsoftheindustrialparkbusiness,andunlockthevalueofexistingparkassets.
7.InvestmentIn2024,thekeytasksofindustrialinvestmentoperationsaretostrengthenpost-investmentmanagement,andenhancevaluepreservationandappreciationandorderlywithdrawalofinvestedprojectstoachievecapitalinflow.In2024,thekeytasksofventurecapitaloperationsareasfollows:Ononehand,theCompanywillcontinueexploringtheoperatingmodelofcommercialrealestateoperators,seekadditionalvalueforproperties,andachievebreakthroughsinoperationalbusiness;ontheotherhand,itwillcontinuecostreductionandexpensecontrolefforts,optimizestaffing,andcontrolexpenditure.XIICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviews
√Applicable□Notapplicable
Date | Place | Wayofcommuni | Typeofcommunicatio | Communicationparty | MaindiscussionsandmaterialsprovidedbytheCompany | Indextomaininformationcommunicated |
KonkaGroupCo.,Ltd.AnnualReport2023
cation | nparty | |||||
6January2023 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Institution | HuaxiSecurities:ChenYulu,LiLinDachengFund:GaoYi,HouYuelong,MaYueyang,andShuSijia | RecordFormforInvestorRelationsActivities(No.:2023-01) | http://www.cninfo.com.cn/new/index |
11April2023 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Earningscommunicationconference | Individual | Investorsparticipatinginthe2022AnnualResultsPresentationofKonkaGroupCo.,Ltd.viatheShenzhenStockExchangeInteractionEasywebsite(http://irm.cninfo.com.cn) | RecordFormforInvestorRelationsActivities(No.:2023-02) | |
14April2023 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Institution | HuaxiSecurities:ChenYulu,LaRuimengChinaLifeAssetManagement:LiShanshan | RecordFormforInvestorRelationsActivities(No.:2023-03) | |
15May2023 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | ChinaMerchantsSecurities:PengZihaoCenturySecurities:ZhengBinbin,LuoPeng | RecordFormforInvestorRelationsActivities(No.:2023-04) | |
3November2023 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | IndustrialSecurities:YanChangming | RecordFormforInvestorRelationsActivities(No.:2023-05) | |
7November2023 | ChongqingKonkaOptoelectronicTechnologyCo.,Ltd. | One-on-onemeeting | Institution | YufuElectronics:ZengJie,ZhangFengwei,GaoKaiChinaMerchantsCapital:WangRuifan,TangYunshengHuaxiSecurities:ChenYulu,LaRuimengCindaSecurities:LuoAnyang,YouZiyinShanghaiUnitedAssetsandEquityExchange:GuanYanhong,WangXiaoliChinaEquity:WangPengChinaMerchantsSecurities:PengZihaoShenwanHongyuan:LiuJialingFirstCapital:LiZeziCentralChinaSecurities:OuYangjunChuanshiInvestment:RenZhengbinChinaFilmInvestment:Deng | RecordFormforInvestorRelationsActivities(No.:2023-06) |
KonkaGroupCo.,Ltd.AnnualReport2023
ZhongwenTFSecurities:ZongYan | |||||
9November2023 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | ChinaSouthernAssetManagement:JiangYoujie | RecordFormforInvestorRelationsActivities(No.:2023-07) |
15November2023 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Individual | InvestorsparticipatingintheKonkaGroupCo.,Ltd.2023CollectiveReceptionDayofListedCompaniesofShenzhenDistrictsviatheQuanjingRoadshowwebsite(http://rs.p5w.net/) | RecordFormforInvestorRelationsActivities(No.:2023-08) |
17November2023 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | TopsperitySecurities:JinWenxi | RecordFormforInvestorRelationsActivities(No.:2023-09) |
6December2023 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | CITICSecurities:WangWeida,PangLili,TanLibo | RecordFormforInvestorRelationsActivities(No.:2023-10) |
21December2023 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | CindaSecurities:LuoAngyang | RecordFormforInvestorRelationsActivities(No.:2023-11) |
29December2023 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | HengBangZhaoFengPrivateSecuritiesFundManagement(ShenZhen):WangWenbo,DuanYingsheng,HaoLei,WangGuanhua | RecordFormforInvestorRelationsActivities(No.:2023-12) |
XIIIImplementationoftheActionPlanfor"DoubleImprovementofQualityandReturn"Hasthecompanydisclosedanactionplanfor"dualimprovementofqualityandreturn".
□Yes√No
KonkaGroupCo.,Ltd.AnnualReport2023
PartIVCorporateGovernance
IGeneralInformationofCorporateGovernanceIntheReportingPeriod,strictlyinaccordancewiththeCompanyLaw,SecuritiesLawofthePRC,CodeofCorporateGovernanceforListedCompanies,ShareListingRulesofShenzhenStockExchangeandtherelevantrulesandregulationsoftheCSRC,theCompanytimelyamendedtheinternalcontrolsystemssuchastheArticlesofAssociationandAdministrativeMethodonProvisionofExternalFinancialAidsaswellasManagementSystemonInvestorsRelationship,continuouslyperfectedthecorporategovernancestructureandstandardizedtheCompany’soperation.BytheendoftheReportingPeriod,theactualconditionsofcorporategovernancebasicallymettherequirementsoftheregulatorydocumentsinrespectofcorporategovernancestructureoflistedcompaniesissuedbyCSRC.(I)ShareholdersandtheShareholders’GeneralMeetingTheCompanydrewupArticlesofAssociationandRulesforProcedureofShareholders’GeneralMeeting,ensuredthatallshareholders,inparticularmediumandminorshareholders,enjoylegalrightsandequalstandard.IntheReportingPeriod,theCompanywasabletopublishannouncementonShareholders’GeneralMeetingsinadvance,convenedShareholders’GeneralMeetingwithstrictlyaccordancetorelevantrequirements,soastoenabletheshareholdershavetheirrightsofinformationtotheCompany’smaterialissuesandtheparticipationrights.In2023,theCompanyconvenedfourShareholders’GeneralMeetingintotal.TheCompanyseriouslydidwelltheregistration,arrangementandorganizationworkfortheShareholders’GeneralMeetingbeforethecircularonconveningtheShareholders’GeneralMeetingbeingpublishedatthedesignatedmedia.TheCompanyconvenedtheShareholders’GeneralMeetingattheofficeaddressoftheCompanystrictlyinlinewithrelevantstipulations,whichwasconvenientintraffic,andtheshareholderscouldattendthesessioninaccordancewiththeiractualsituation.TheCompany’sdirectors,supervisorsandseniormanagementstaffsmadeexplanationsanddescriptionfortheshareholders’questionsandadvicesatthesession.(II)ControllingshareholderandtheCompanyIntheReportingPeriod,thecontrollingshareholdersandactualcontrollersstrictlyregulateditsbehaviorandcompliedwithlawsinexercisingtheirrightsandobligations,notbypassedtheShareholders’GeneralMeetingtointerveneintheCompany’sdecisionsandoperationsdirectlyorindirectly.TheCompanywasseparatedfromthecontrollingshareholdersandactualcontrollersinaspectsofitsbusiness,personnel,assets,organandfinance,theBoardofDirectors,SupervisoryCommitteeandtheinternaldepartmentsoftheCompanyfunctionedindependently.
KonkaGroupCo.,Ltd.AnnualReport2023
(III)DirectorsandtheBoardofDirectorsThenumberandstructureoftheBoardBureauoftheCompanywereincompliancewithlawsandregulations.TheCompanydrewupRulesforProceduresoftheBoardBureau,soastoensureahighefficientoperationandscientificdecision-makingoftheBoardBureau;theCompanyhassetupIndependentDirectorSystemandengagedthreeindependentdirectors.IntheReportingPeriod,thenumberofdirectorsandcompositionoftheBoardofDirectorsoftheCompanyaswellastheprocedureofselectionwasinaccordancewiththerequirementsoftherulesandlawsaswellasArticlesofAssociation.TheCompanysetupfourspecialcommittees,whichwereFinancialAuditCommittee,NominationCommittee,Remuneration&AppraisalCommittee,StrategyCommitteetoprovideprofessionopinionforthedecisionoftheBoardofDirectors.Allthedirectorscarriedouttheirwork,fulfilledtheirdutiesandscrupulouslyattendedtheBoardsessionsinaccordancewithRulesofProcedurefortheBoardofDirectors,RulesforIndependentDirectors,etc.15BoardsessionswereconvenedbytheCompanyduringtheReportingPeriod,whichbroughtthedecision-makingmechanismoftheBoardofDirectorsintofullplay.(IV)SupervisorsandsupervisorycommitteeTheCompanyhasestablishedRulesforProceduresoftheSupervisoryCommittee,personsandstructureoftheSupervisoryCommitteewasinlinewithrelevantlawsandstatutes,supervisorscanearnestlyperformtheirresponsibilities,independentlyandefficientlyexecutedsupervisionandcheckresponsibilitieswithaspiritofbeingresponsibletoshareholders.IntheReportingPeriod,thenumberofsupervisorsandcompositionoftheSupervisoryCommitteeoftheCompanyaswellastheirselectingprocedurecompliedwiththelaws,regulations.InaccordancewiththerequirementoftheRulesofProcedureforSupervisoryCommittee,thesupervisorsperformedtheirdutiesinanearnestandresponsiblemanner,andexercisedtheirfunctionsofsupervisiononthedecision-makingprocedureoftheBoardofDirectors,resolutionsandtheCompany’soperationbylaw,andtookeffectivesupervisionovertheCompany’ssignificantevents,relatedtransactions,financialposition,aswellasthelegalityandcomplianceondutyperformancebythedirectors,presidentandotherseniormanagementmembers.(V)PerformanceAppraisalandIncentive&RestrictiveMechanismTheseniormanagementstaffsoftheCompanywererecruitedonanopenbasisandincompliancewiththelawsandregulations.TheCompanyhasestablishedandgraduallyimprovedtheperformanceappraisalstandardsandincentive&restrictivemechanismforseniormanagementstaffs,soastoattractqualifiedpersonnel,andensurethestabilityofseniormanagementstaffs.(VI)Interestedparties
KonkaGroupCo.,Ltd.AnnualReport2023
DuringtheReportingPeriod,theCompanyfullyrespectedandmaintainedthelegalrightsoftheinterestedparties,andrealizedthebalanceofinterestamongthepartiessuchassociety,shareholdersandemployees,etc.Meanwhile,theCompanyprotectedtherightsoftheemployees,promotedtheenvironmentalprotection,andactivelyjoinedinthesocialbenefitandcharitablecausesoastojointlypromotesustainableandhealthydevelopment.(VII)InformationdisclosureandtransparencyTheCompanyformulatedtheManagementSystemforInvestorRelationsandtheManagementSystemforInformationDisclosureandtheRulesonImplementationforInformationDisclosureCommittee.AndtheCompanydesignatedspecially-assignedpersontotakechargeoftheinformationdisclosure,anddesignatedspecializeddepartmenttoberesponsibleforthereceptionofshareholdersandconsultation,activelycarryingouttheworkforinvestorrelationsmanagementtoensureequalaccesstoinformationforallshareholders.TheCompanystrictlycompliedwiththerequirementsofthelaws,regulationsandtheArticlesofAssociationtodiscloseitsinformationasrequiredbytherelevantregulationsonantimely,honest,completeandaccuratebasis,toensuretheaccurateandtimelyinformationdisclosure,whileensureequalaccesstoinformationforallshareholders.(VIII)Non-standardgovernance
1.Typeofnon-standardgovernancematterexistedTherewasasituationthattheCompanydisclosedundisclosedinformation.
2.TypesandcycleofundisclosedinformationprovidedtotheprincipalshareholderTheCompanyprovidedmonthlyfinancialdatatotheprincipalshareholder.
3.Reasonsfortherelatednon-standardgovernanceexistedTheCompanysubmittedtheundisclosedinformationsuchasmonthlyfinancialdatatothesubstantialshareholderdirectlyadministratedbytheState-ownedAssetsSupervisionandAdministrationCommissionofStateCouncilinaccordancewiththemanagerialdemandofSASAC.
4.ImpactonCompanyindependenceAftertheself-inspection,theCompanykeptstrictlytotherequirementsof“NoticeonStrengtheningtheSupervisionofListedCompany’sProvisionofNon-publicInformationtoSubstantialShareholdersandActualControllers”,and“SupplementaryNoticeConcerningStrengtheningtheSupervisionoftheNon-standardGovernanceBehaviorofListedCompany'sProvisionofNon-publicInformationtoSubstantialShareholdersandActualControllers”,while
KonkaGroupCo.,Ltd.AnnualReport2023
stringentlyperformedthenecessaryprocedures.Thereexistednocircumstancesofsubstantialshareholder’sabuseofcontrolanddisclosureofundisclosedinformationforinsidertrading,andhence,ithasnoimpactontheindependenceoftheCompany.(IX)Developmentofcompany’sspecialgovernanceactivity,formulationandimplementationofregistrationandmanagementsystemfortheinsiderofinsideinformation
1.EstablishmentandperfectionofmanagementsystemfortheinsiderofinsideinformationTofurtherstandardizethecompany’sinsideinformationmanagementbehavior,strengthenthecompany’sinsideinformationconfidentialwork,andmaintainthefairprincipleofinformationdisclosure,theCompanyestablishedInsideInformationandInsiderManagementSysteminKonkaGroupCo.,Ltd.TheCompanystrictlyimplementsthesystemintheinformationdisclosurework,meanwhile,carefullyimplementstheCompany’sinsideinformationandinsiderregistrationandmanagementmethod,registerstheinsiderofinsideinformation,andreporttoShenzhenStockExchangeandShenzhenSecurityRegulatoryBureauaccordingtotheprovision.TheCompanyconductedthespecialinspectionontheinsideinformationmanagementduringtheoccurrenceofmajoreventin2023andtheannualreportin2023.Aftertheinspection,theCompanyactuallyrealizedthattheinsiderofinsideinformationstrictlykepttheconfidentialprovision,didnotdisclose,divulgeandspreadtheCompany’sinsideinformationtotheoutside,theinsiderofinsideinformationdidnotbuyandselltheCompany’ssharewiththeinsideinformationbeforedisclosingthemajorsensitiveinformationinfluencingtheCompany’sshareprice,therewasnoinvestigationandrectificationfromtheregulatorydepartmentduringtheediting,reviewanddisclosureofregularreportandmajorevent.ManagementRulesforInsideInformationandInsiderManagementSystemofKonkaGroupCo.,Ltd.wasimplementedinplaceandcontrolledeffectively.
2.Establishmentandimplementationofexternalinformationuser’smanagementsystem
TostrengthenthemanagementonthereportingofCompany’sinsideinformation,theCompanyestablishesinsiderinformationreportingmechanism,andregulatestheinsideinformationreportingrange,reportingprocedure,responsibilitydivisionandothermattersaccordingtoSecurityLawinPeople’sRepublicofChina,InformationDisclosureManagementMethodinListedCompany,InsideInformationandInsiderManagementSysteminKonkaGroupCo.,Ltd.andotherrelatedprovisionsinthelaws,regulationsandregulatorydocuments.TheCompanyconductedthespecialinspectionontheinsideinformationreportingstatusduringtheoccurrenceofmajoreventin2023andtheannualreportin2023.Aftertheinspection,theCompany’sinsideinformationreportingstatuscomplieswiththerequirementsinManagementRulesforInsideInformationandInsiderManagementSystemofKonkaGroupCo.,Ltd.ManagementRulesforInsideInformationandInsiderManagementSystemofKonkaGroupCo.,Ltd.wasimplementedinplaceandcontrolledeffectively.
KonkaGroupCo.,Ltd.AnnualReport2023
Indicatebytickmarketwhetherthereisanymaterialincompliancewithlaws,regulationsandprovisionsissuedbytheCSRCgoverningthegovernanceoflistedcompanies.
□Yes√NoNosuchcasesintheReportingPeriod.IITheCompany’sIndependencefromItsControllingShareholderandActualControllerinBusiness,Personnel,Asset,OrganizationandFinancialAffairsDuringtheReportingPeriod,thecompanywasfullyseparatedfromthecontrollingshareholdersintermsofbusiness,staff,assets,organs,andfinance,whichownedindependentlegalrepresentativeandmainstatusinmarketcompetitionandhadindependentaccounting,aswellaspossessedcompletebusinessandtheabilityofindependentoperationtofacethemarket.(I)Business:theCompanyownedcompletesupply,R&D,productionandsalessystem,possessedabilityofindependentoperationtofacethemarketbyindependentoperation,independentaccounting&decision-making,independentbearingresponsibility&risks,didn’tsubjecttotheinterferenceandcontrolofthecontrollingshareholders,actualcontrolleranditscontrolledenterprises.(II)Staff:theCompanywasindependentofthecontrollingshareholderwithrespecttolabor,personnelandsalariesmanagement.TheCompanyownedindependentteamofstaffs,theseniormanagementstaff,financialpersonnelandbusinesspersonnelreceivedtheirremunerationsintheCompany,andtheywerefull-timestaffsoftheCompanywithoutholdinganypost,exceptdirectorsandsupervisors,inshareholders’unitsorotherrelatedenterprises.(III)Assetsintegrity:theCompanyhadproductionandoperationpremisescompletelyseparatedfromthecontrollingshareholder,andtheunaffiliatedandintegralassetsstructure,aswellastheindependentproductionsystem,ancillaryproductionsystem,theancillaryfacilities,housepropertyrightandotherassets,whichalsopossessedindependentprocurementandsalessystem.(IV)Organ:theCompanyhaditsownfunctionalorgansadaptingtotheneedsofself-developmentandmarketcompetitiveness,allthefunctionalorganswereseparatedfromeachotherinaspectsofpersonnel,officepremisesandmanagementrules,etc.,thereexistednoparticularsaboutanyshareholders,otherunitsorindividualsinterferingtheorgansettingoftheCompany.(V)Finance:theCompanyestablishedanindependentfinancedepartmentwithfull-timefinancialpersonnelandanindependentfinanceandaccountingsystem,andindependentlycarriedoutthefinancialworkinlinewithrequirementsofrelevantaccountingrules;theCompanypromulgatedsoundfinancialmanagementsystemtooperateindependentlywithoutsharingcommonaccounts
KonkaGroupCo.,Ltd.AnnualReport2023
withthecontrollingshareholder,relatedenterprise,otherunitsorindividual;theCompanyindependentlydeclaredandpaidthetaxbylawswithoutparticularsonpayingtaxestogetherwithshareholders’units.IIIHorizontalCompetition
□Applicable√NotapplicableIVAnnualandSpecialGeneralMeetingsConvenedduringtheReportingPeriod
1.GeneralMeetingConvenedduringtheReportingPeriod
Meeting | Type | Investorparticipationratio | Dateofthemeeting | Disclosuredate | Meetingresolutions |
The1stExtraordinaryGeneralMeetingof2023 | ExtraordinaryGeneralMeeting | 24.4741% | 13March2023 | 14March2023 | Resolutionsofthe1stExtraordinaryGeneralMeetingof2023 |
The2022AnnualGeneralMeeting | AnnualGeneralMeeting | 24.3675% | 19June2023 | 20June2023 | Resolutionsofthe2022AnnualGeneralMeeting |
The2ndExtraordinaryGeneralMeetingof2023 | ExtraordinaryGeneralMeeting | 24.2222% | 28August2023 | 29August2023 | Resolutionsofthe2ndExtraordinaryGeneralMeetingof2023 |
The3rdExtraordinaryGeneralMeetingof2023 | ExtraordinaryGeneralMeeting | 24.1082% | 21December2023 | 22December2023 | Resolutionsofthe3rdExtraordinaryGeneralMeetingof2023 |
2.SpecialGeneralMeetingsConvenedattheRequestofPreferredShareholderswithResumedVotingRights
□Applicable√NotapplicableVDirectors,Supervisors,SeniorManagementandStaff
1.BasicInformation
Name | Gender | Age | Officetitle | Incumbent/Former | Startoftenure | Endoftenure | Beginningshareholding(share) | IncreaseintheReportingPeriod(share) | DecreaseintheReportingPeriod(share) | Otherincrease/decrease(share) | Endingshareholding(share) | Reasonforchange |
LiuFengxi | Male | 53 | Director,Chairmanof | Incumbent | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 |
KonkaGroupCo.,Ltd.AnnualReport2023
theBoard | |||||||||||
YaoWei | Male | 49 | Director | Incumbent | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 |
ZhouBin | Male | 45 | Director | Incumbent | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 |
YeXingbin | Male | 54 | Employeedirector | Incumbent | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 |
LiuJian | Male | 58 | Independentdirector | Incumbent | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 |
WangShuguang | Male | 53 | Independentdirector | Incumbent | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 |
DengChunhua | Female | 61 | Independentdirector | Incumbent | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 |
CaiWeibin | Male | 51 | Supervisor,chairmanoftheSupervisoryCommittee | Incumbent | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 |
YangGuobin | Male | 55 | Supervisor | Incumbent | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 |
LiJun | Male | 53 | Employeesupervisor | Incumbent | 25July2022 | 25July2025 | 0 | 0 | 0 | 0 | 0 |
ZhouBin | Male | 45 | President | Incumbent | 18May2023 | 18May2026 | 0 | 0 | 0 | 0 | 0 |
CaoShiping | Male | 46 | Executivevicepreside | Incumbent | 18May2023 | 18May2026 | 0 | 0 | 0 | 0 | 0 |
KonkaGroupCo.,Ltd.AnnualReport2023
IndicatebytickmarkwhetheranydirectorsorsupervisorsleftoranyseniormanagementweredisengagedduringtheReportingPeriod
□Yes√NoChangeofDirectors,SupervisorsandSeniorManagement
□Applicable√Notapplicable
2.BiographicalInformation
1.Non-independentDirectorLiuFengxi,male,ethnicgroupofHan,bornin1971,wastheChairmanoftheBoardwithamasterdegree.HeonceworkedastheChiefoftheOperationManagementCenterofKonkaGroup,AssistanttoPresident,VicePresident,President&SecretaryofthePartyCommittee,ChairmanoftheBoard&SecretaryofthePartyCommitteeofKonkaGroup,ViceGMandthememberoftheStandingCommitteeofOCTGroup.AndnowheisactingastheDeputySecretaryofthePartyCommittee,Director,GMofOCTGroup,DeputyChairmanoftheBoardandDeputySecretaryofCPCofShenzhenOverseasChineseTownCo.,Ltd.,VicePresidentofChinaTourismAssociation(concurrently)andtheBoardChairmanofKonkaGroup.
YaoWei,Director,male,ethnicgroupofHan,bachelordegree,wasbornin1975.Heonceserved
nt | |||||||||||
LiHongtao | Male | 56 | Vicepresident | Incumbent | 18May2023 | 18May2026 | 0 | 0 | 0 | 0 | 0 |
WuYongjun | Male | 49 | BoardSecretary | Incumbent | 18May2023 | 18May2026 | 0 | 0 | 0 | 0 | 0 |
LiChunlei | Male | 51 | CFO | Incumbent | 18May2023 | 18May2026 | 0 | 0 | 0 | 0 | 0 |
YangBo | Male | 54 | Vicepresident | Incumbent | 18May2023 | 18May2026 | 0 | 0 | 0 | 0 | 0 |
LinHongfan | Male | 53 | Vicepresident | Incumbent | 18May2023 | 18May2026 | 0 | 0 | 0 | 0 | 0 |
Total | 0 | 0 | 0 | 0 | 0 |
KonkaGroupCo.,Ltd.AnnualReport2023
asChiefAccountantinCGNWindPowerCo.,Ltd.,ChiefAccountantinCGNNewEnergyHoldingsCo.,Ltd.,ViceGM(incharge)ofFinancialDepartment,GMofFinancialDepartment,GMofFinanceandAssetManagementDepartmentinChinaGeneralNuclearPowerCorporation.Currently,heactsasthedirectorofChinaEverbrightBankCo.,Ltd.,thememberoftheStandingCommitteeandChiefAccountantinOverseasChineseTownHoldingsCompanyandDirectorofKonkaGroup.ZhouBin,male,ethnicgroupofHan,bornin1979,wastheSecretaryofthePartyCommittee,CEO,directorandpresidentoftheCompanywithabachelordegree.Heonceservedasthedirectorassistant,deputydirectoranddirectorinOperatingManagementCenterinKonkaGroup,assistantofthepresidentintheBoardofDirectors&DirectorinOperatingManagementCenterinKonkaGroupandPresidentofKonkaGroup.Now,heactsastheChairmanofShenzhenKonkaInvestmentHoldingsCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.andDirector,SecretaryofthePartyCommitteeandPresident&CEOinKonkaGroup.YeXingbin,male,HanChinese,bornin1970,wastheEmployeeDirectoroftheCompanyandholdsabachelor'sdegree.HepreviouslyservedasaSpecialDirectorattheOverseasChineseTownHoldingsCompany(OCTGroup),andwasamemberoftheStandingCommitteeoftheQiandongnanPrefectureofGuizhouProvince,theDeputyGovernorofthePrefectureGovernment,theDirectorofShenzhenHuakangChuangzhanTechnologyHoldingGroupCo.,Ltd.,andtheDeputyPartySecretaryofthePartyCommitteeandDirectorofKonkaGroup.HeiscurrentlyservesastheViceChairmanoftheFederationofTradeUnionsCommitteeofOverseasChineseTownHoldingsCompany,DeputyPartySecretaryofthePartyCommittee,ChairmanoftheLaborUnionandEmployeeDirectorofKonkaGroup.
2.IndependentDirectorMr.LiuJian,IndependentDirector,isaHanChinesemanbornin1966andholdsamaster'sdegree.HisnotableprofessionalexperiencesincludehavingservedasaneditorattheForeignEconomicandTradeUniversityPressandtheChinaBusinessTimes,andalsoasanindependentdirectoratWuhanTianyuanEnvironmentalProtectionCo.,Ltd.,HisenseVisualTechnologyCo.,Ltd.andFounderTechnologyGroupCorporation.Inhiscurrentcapacity,Mr.LiuJianholdsvariouspositionsindifferentorganizations.HeservesasthechiefeditorandpresidentoftheEconomicObserverNewspaper,presidesovertheBeijingJingguanCulturalMediaCo.,Ltd.asitschairman,andfunctionsasadirectorandgeneralmanagerofShandongEconomicObserverNewspaper
KonkaGroupCo.,Ltd.AnnualReport2023
MediaCo.,Ltd.Additionally,hetakesontheroleofanindependentdirectorofKonkaGroup.
WangShuguang,IndependentDirector,male,ethnicgroupofHan,wasbornin1971withadoctoraldegree.HeservedasIndependentDirectorofYantaiRuralCommercialBank,JinanRuralCommercialBank,NingboYuyaoRuralCommercialBankandSDICZhonglu,andExternalSupervisorandConveneroftheBoardofSupervisorsofIndustrialBankCo.,Ltd.Currently,heservesasProfessorandDoctoralSupervisorintheSchoolofEconomicsofPekingUniversity,ExecutiveDeputyDirectoroftheInstituteforCulturalIndustries,PekingUniversityandIndependentDirectorofKonkaGroup.
DengChunhua,IndependentDirector,female,ethnicgroupofHan,bornin1963withadegreeofMBA,accountingprofessorandaCertifiedPublicAccountantinChina(non-practicingmember).SheservedasChiefAccountantandProjectManagerofWUYIGECertifiedPublicAccountsLLP.ShehasbeenteachingintheSchoolofAccountingofZhongnanUniversityofEconomicsandLawasAssistantLecturer,Lecturer,AssociateProfessorandProfessor.AndsheoncedactedastheIndependentDirectorofZhejiangGoldenseaHiTechCo.,Ltd.Currently,sheservesasaProfessorintheSchoolofAccountingofZhongnanUniversityofEconomicsandLaw,theIndependentDirectorofZhejiangJinkeTomCultureIndustryCo.,Ltd.,WolongElectricGroupCo.,Ltd.,ZhejiangYouchuangMaterialTechnologyCo.,Ltd.(non-listedcompany)andKonkaGroup.
3.SupervisorCaiWeibin,ChairmanoftheSupervisoryCommittee,male,ethnicgroupofHan,Master’sDegree,wasbornin1973.HeonceservedasviceGM,deputysecretaryofthePartyCommitteeandSecretaryofCommitteeforDisciplineInspectioninChongqingOCTIndustryDevelopmentCo.,Ltd.ViceMinisterofDisciplineInspectionandSupervisionandDirectoroftheDisciplineInspectionOfficeinOverseasChineseTownHoldingsCompanyCurrently,heactsasGMofLegalComplianceDepartmentinOverseasChineseTownHoldingsCompanyandChairmanoftheSupervisoryCommitteeofKonkaGroup.
YangGuobin,Supervisor,male,wasbornin1969,Bachelor’sDegree,CertifiedPublicAccountant.HeservedasDeputyDirectoroftheFinanceDepartmentofOCTGroup,CFOofKonkaGroupandDeputyDirectoroftheCorporateManagementDepartmentofOCTGroup.Currently,heservesas
KonkaGroupCo.,Ltd.AnnualReport2023
afull-timeDirectorinOCTGroupandSupervisorofKonkaGroup.
LiJun,male,ethnicgroupofHan,bornin1971,wasanemployeesupervisoroftheCompanywithabachelordegree.FormerlyworkedastheSeniorManageroftheFinancialDepartmentinShenzhenTelecommunicationsTechnologyCo.,Ltd.,theSeniorManagerandassistanttothechiefanddeputydirectorofAuditingandLegalAffairsDepartmentinKonkaGroup,OfficeDirectorofdisciplineinspectioncommissionofKonkaGroup,andemployeesupervisorofKonkaGroup.PresentlyworkingasthedeputysecretaryofdisciplineinspectioncommissionofKonkaGroup,GeneralCounsel,ChiefoftheSupervision,AuditandLegalAffairsCenterandEmployeeSupervisorofKonkaGroup.
4.SeniorExecutiveZhouBin,male,ethnicgroupofHan,bornin1979,wastheSecretaryofthePartyCommittee,CEO,directorandpresidentoftheCompanywithabachelordegree.Heonceservedasthedirectorassistant,deputydirectoranddirectorinOperatingManagementCenterinKonkaGroup,assistantofthepresidentintheBoardofDirectors&DirectorinOperatingManagementCenterinKonkaGroupandPresidentofKonkaGroup.Now,heactsastheChairmanofShenzhenKonkaInvestmentHoldingsCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.andDirector,SecretaryofthePartyCommitteeandPresident&CEOinKonkaGroup.
CaoShiping,male,Hannationality,bornin1978,wastheexecutivevicepresidentoftheCompanywithamasterdegree.OnceservedastheGMinJinzhouBranchandTianjinBranchofKonkaGroupMulti-media,GMinMulti-mediaBusinessDivisionCustomerCooperationDepartment,viceGMinMulti-mediaMarketingBusinessDivision,viceGMinMulti-mediaBusinessDivisionandGMinMarketingCenter,GMinMulti-mediaBusinessDivision,GMinInternetBusinessDivisionandvicepresidentofKonkaGroup.NowheactsastheexecutivevicepresidentinKonkaGroup.
LiHongtao,male,Hannationality,bornin1968,wasthevicepresidentoftheCompanywithabachelordegree.HesuccessivelytookthepostsuchasAssistanttoGM,GM,ChairmanoftheBoardandGMofShenzhenKonkaTelecommunicationTechnologyCo.,LtdandAssistanttoPresidentandvicepresidentofKonkaGroupetc.HenowisactingasVicePresidentofKonka
KonkaGroupCo.,Ltd.AnnualReport2023
Group.
WuYongjun,male,Hannationality,bornin1975,wastheBoardSecretarywithamasterdegree.FormerlyheworkedastheseniormanagerofSecretariat,assistanttothechief,vicechief,chief,SecuritiesAffairsrepresentativeandBoardSecretaryinKonkaGroup.PresentlyheisworkingasthesecretaryoftheboardofdirectorsofKonkaGroup.
LiChunlei,male,Hannationality,bornin1973,wastheCFOoftheCompanywithamasterdegree.OnceservedasthedirectorinRealEstateBusinessDivisioninKonkaGroup,viceGMandGMinKunshanKangshengInvestmentDevelopmentCo.,Ltd.,deputydirector(presidethework)anddirectorinStrategicDevelopmentCenter,GMinFinancialCenterandGMinAssetSettlementCenterandCFOofKonkaGroup.NowheactsastheCFOinKonkaGroup.
YangBo,male,Hannationality,bornin1970,wasthevicepresidentoftheCompanywithamasterdegree.OnceservedasthedirectorinShenzhenCableTelevisionEducationFinancialChannel,directorinthemarketsalesandsupportregionofUSTailiyangCommunicationsCompany,GMinProgramOperatingDepartmentinShenzhenTopwayVideoCommunicationCo.,Ltd.,directorandGMinShenzhenTianhuaCenturyMediaCo.,Ltd.,GMinMarketSalesCenterinShenzhenTopwayVideoCommunicationCo.,Ltd.andvicepresidentofKonkaGroup.NowheactsasthevicepresidentinKonkaGroup.
LinHongfan,male,Hannationality,bornin1971,wasthevicepresidentoftheCompanywithaMBAdegree.OnceservedastheviceGMinMulti-mediaMarketingBusinessDivisionofKonkaGroup,GMofColorTVStrategyandSupplyChainManagementCenter,executiveviceGMandGMinMulti-mediaBusinessDivisionofKonkaGroup,vicepresidentandpresidentassistantofKonkaGroup.NowheactsasthevicepresidentinKonkaGroup.
Officesheldconcurrentlyinshareholdingentities:
√Applicable□Notapplicable
Name | Shareholdingentity | Officeheldintheshareholdingentity | Startoftenure | Endoftenure | Remunerationorallowancefromtheshareholding |
KonkaGroupCo.,Ltd.AnnualReport2023
entity | |||||
LiuFengxi | OCTGroup | Director,DeputySecretaryofCPC,GM | 21May2021 | Yes | |
LiuFengxi | ShenzhenOverseasChineseTownCo.,Ltd. | DeputyChairmanoftheBoard,DeputySecretaryofCPC | 22June2021 | No | |
YaoWei | OCTGroup | PartyCommitteeStandingCommitteeandChiefAccountant | 1July2020 | Yes | |
CaiWeibin | OCTGroup | GMofLegalComplianceDepartment | 1December2020 | Yes | |
YangGuobin | OCTGroup | Full-timedirectorinBoardOffice | 7March2018 | Yes | |
Notes | 1.Excepttheabovesituation,otherdirectors,supervisorsandseniormanagementdidn’tholdanypositionintheshareholders’units.2.ItisunknowntheendingdateofthepostsofMr.LiuFengxi,Mr.YaoWei,Mr.CaiWeibinandMr.YangGuobinheldintheshareholders’units. |
Officesheldconcurrentlyinotherentities:
√Applicable□Notapplicable
Name | Otherentity | Officeheldintheentity | Startoftenure | Endoftenure | Remunerationorallowancefromtheentity |
LiuFengxi | ChinaTourismAssociation | Vicepresident | 20December2022 | ||
YaoWei | ChinaEverbrightBankCo.,Ltd. | Director | 5February2021 | ||
LiuJian | TheEconomicObserver | Chiefeditorandpresident | 16April2001 | Yes | |
LiuJian | ShandongEconomicObserverMediaCo.,Ltd. | Director,GM | 28September2022 | ||
LiuJian | BeijingEconomicObserverCultureMediaCo.,Ltd. | ChairmanoftheBoard | 25May2018 | ||
WangShuguang | SchoolofEconomicsofPekingUniversity | Professor | Yes | ||
WangShuguang | InstituteforCulturalIndustriesofPekingUniversity | Deputydirector | |||
DengChunhua | ZhongnanUniversityofEconomicsandLaw | Professor | Yes |
KonkaGroupCo.,Ltd.AnnualReport2023
DengChunhua | ZhejiangJinkeCultureIndustryCo.,Ltd. | Independentdirector | 8July2020 | Yes | |
DengChunhua | WolongElectricGroupCo.,Ltd. | Independentdirector | 7September2020 | Yes | |
DengChunhua | ZhejiangYouchuangMaterialTechnologyCo.,Ltd.(non-listedcompany) | Independentdirector | 27October2020 | Yes | |
Notes | None |
Punishmentsimposedintherecentthreeyearsbythesecuritiesregulatorontheincumbentdirectors,supervisorsandseniormanagementaswellasthosewholeftintheReportingPeriod:
□Applicable√Notapplicable
3.RemunerationofDirectors,SupervisorsandSeniorManagementDecision-makingprocedure,determinationbasisandactualpaymentsofremunerationfordirectors,supervisorsandseniormanagement:
ThesalaryofdirectorsandsupervisorsoftheCompanyshouldbesubmittedtotheshareholdersmeetingforreviewaftertheapprovalandconsentbytheBoardofdirectors.ReferredtothesalaryleveloftheDirectorsandSupervisorofthedomesticlistedcompaniesofsameindustry,thesalaryproposaloftheDirectorandSupervisorsoftheCompanywhichapprovedandreviewedbythe2
nd
ExtraordinaryGeneralMeetingof2015wereasfollows:(1)thebasicannualsalarystandardoftheBoardChairmanwasofRMB1.2million,thesubsidystandardofotherDirectors(excludingtheDirectorsservingintheCompany)wasofRMB0.3millionperpersonperyearandthesubsidystandardoftheSupervisors(excludingtheEmployeeSupervisors)wasofRMB0.2millionperpersonperyear;whichwasexecutedsinceJune2015.(2)theabovestandardswereallpre-taxstandardwiththeindividualincometaxburdenedinpersonaswellastheCompanywithheldandremittedtax.Othertreatmentforindependentdirectors:travelexpensewhentheywenttoattendtheBoardsessions,SupervisorysessionsorShareholders’GeneralMeetingsandtheexpenseswhentheywereperformingtheirdutiesasstipulatedintherelevantregulationsandtheArticlesofAssociationandotherrelevantsystems,allthesecouldbereportedfordeletion.TheBoardofDirectorsdeterminedtheremunerationofseniormanagementstaffsreferringtothefollowingfactors:a.scopeofjobsandresponsibilityshouldered;b.actualprofitoftheCompany;c.marketremunerationlevelinthesameindustryandsamearea.ThesalaryofseniormanagementoftheCompanyshouldbesubmittedtotheBoardofDirectorsforreviewafterthereviewbytheRemunerationandAppraisalCommitteeundertheBoard.
KonkaGroupCo.,Ltd.AnnualReport2023
Theremunerationfortheyear2023disclosedbydirectors,supervisorsandseniormanagementhasbeenreviewedbytheRemunerationandAppraisalCommitteeundertheBoard.Remunerationofthedirectors,supervisorsandseniormanagementoftheCompanyduringtheReportingPeriod
Unit:RMB'0,000
Name | Gender | Age | Officetitle | Incumbent/Former | Totalbefore-taxremunerationfromtheCompany | Anyremunerationfromrelatedparty |
LiuFengxi | Male | 53 | Director,ChairmanoftheBoard | Incumbent | 0 | Yes |
YaoWei | Male | 49 | Director | Incumbent | 0 | Yes |
ZhouBin | Male | 45 | SecretaryofCPC,CEO,Director,President | Incumbent | 102.06 | No |
YeXingbin | Male | 54 | DeputySecretaryofCPC,EmployeeDirector | Incumbent | 70.66 | No |
LiuJian | Male | 58 | Independentdirector | Incumbent | 30 | No |
WangShuguang | Male | 53 | Independentdirector | Incumbent | 30 | No |
DengChunhua | Female | 61 | Independentdirector | Incumbent | 30 | No |
CaiWeibin | Male | 51 | ChairmanoftheSupervisoryCommittee | Incumbent | 0 | Yes |
YangGuobin | Male | 55 | Supervisor | Incumbent | 0 | Yes |
LiJun | Male | 53 | EmployeeSupervisor | Incumbent | 115.30 | No |
CaoShiping | Male | 46 | Executivevicepresident | Incumbent | 73.76 | No |
LiHongtao | Male | 56 | Vicepresident | Incumbent | 70.66 | No |
WuYongjun | Male | 49 | BoardSecretary | Incumbent | 70.66 | No |
KonkaGroupCo.,Ltd.AnnualReport2023
LiChunlei | Male | 51 | CFO | Incumbent | 70.66 | No |
YangBo | Male | 54 | Vicepresident | Incumbent | 70.66 | No |
LinHongfan | Male | 53 | Vicepresident | Incumbent | 70.66 | No |
Total | -- | -- | -- | -- | 805.08 | -- |
Othernotes
□Applicable?NotapplicableVIPerformanceofDutybyIndependentDirectorsintheReportingPeriod
1.BoardMeetingConvenedduringtheReportingPeriod
Meeting | Dateofthemeeting | Disclosuredate | Meetingresolutions |
The6thMeetingofthe10thBoardofDirectors | 13January2023 | 17January2023 | Resolutionsofthe6thMeetingofthe10thBoardofDirectors |
The7thMeetingofthe10thBoardofDirectors | 24February2023 | 25February2023 | Resolutionsofthe7thMeetingofthe10thBoardofDirectors;ResolutionsonApplyingforGeneralCreditLimitfromShenzhenBranch,ChinaGuangfaBankCo.,Ltd.;ResolutionsonApplyingforGeneralCreditLimitfromChinaConstructionBank(CCB);ResolutionsonApplyingforGeneralCreditLimitfromAgriculturalBankofChina(ABC);ResolutionsonApplyingforGeneralCreditLimitfromShanghaiPudongDevelopmentBank(SPDbank);ResolutionsonApplyingforGeneralCreditLimitfromBankofBeijing(BOB);ResolutionsonApplyingforGeneralCreditLimitfromIndustrialBankCo.,Ltd.;ResolutionsonApplyingforGeneralCreditLimitfromHengfengBank;ResolutionsonApplyingforGeneralCreditLimitfromChinaResourcesBankofZhuhaiCo.,Ltd.(CRBC);ResolutionsonApplyingforGeneralCreditLimitfromChinaCITICBank;ResolutionsonApplyingforGeneralCreditLimitfromBankofHangzhou;ResolutionsonApplyingforGeneralCreditLimitfrom |
KonkaGroupCo.,Ltd.AnnualReport2023
ShenzhenBranch,HuaXiaBankCo.,Ltd.;ResolutionsonApplyingforGeneralCreditLimitfromShenzhenRuralCommercialBank(SRCB);ResolutionsonApplyingforGeneralCreditLimitfromChinaMinshengBank;ResolutionsonApplyingforGeneralCreditLimitfromChinaBohaiBankCo.,Ltd. | |||
The8thMeetingofthe10thBoardofDirectors | 24March2023 | 28March2023 | Resolutionsofthe8thMeetingofthe10thBoardofDirectorsResolutionsonBusinessPlanandFinancialBudgetPlanfor2023;ResolutionsonLetterofCommitmentonPerformancefor2023fortheCompany’sManagementTeam;Resolutionson2023DonationPlan;ResolutionsonANewFixedAssetsInvestmentPlanfor2023;ResolutionsonANewEquityInvestmentPlanfor2023;ResolutionsonRevisingtheRemunerationManagementMeasuresforHeadsofKonkaGroupCo.,Ltd. |
The9thMeetingofthe10thBoardofDirectors | 31March2023 | 4April2023 | Resolutionsofthe9thMeetingofthe10thBoardofDirectors |
The10thMeetingofthe10thBoardofDirectors | 27April2023 | Resolutionsofthe10thMeetingofthe10thBoardofDirectors | |
The11thMeetingofthe10thBoardofDirectors | 18May2023 | 19May2023 | Resolutionsofthe11thMeetingofthe10thBoardofDirectors |
The12thMeetingofthe10thBoardofDirectors | 26May2023 | 27May2023 | Resolutionsofthe12thMeetingofthe10thBoardofDirectors |
The13thMeetingofthe10thBoardof | 14June2023 | Resolutionsofthe13thMeetingofthe10thBoardofDirectors |
KonkaGroupCo.,Ltd.AnnualReport2023
Directors | |||
The14thMeetingofthe10thBoardofDirectors | 10July2023 | 11July2023 | Resolutionsofthe14thMeetingofthe10thBoardofDirectors |
The15thMeetingofthe10thBoardofDirectors | 10August2023 | 11August2023 | Resolutionsofthe15thMeetingofthe10thBoardofDirectors |
The16thMeetingofthe10thBoardofDirectors | 25August2023 | Resolutionsofthe16thMeetingofthe10thBoardofDirectors;ResolutionsonAdjustingRemunerationsofSeniorManagement;ResolutionsonApplyingforGeneralCreditLimitfromtheHongkongandShanghaiBankingCorporationLimited(HSBC);ResolutionsonApplyingforGeneralCreditLimitfromShenzhenRuralCommercialBank(SRCB) | |
The17thMeetingofthe10thBoardofDirectors | 20September2023 | Resolutionsofthe17thMeetingofthe10thBoardofDirectors | |
The18thMeetingofthe10thBoardofDirectors | 30October2023 | Resolutionsofthe18thMeetingofthe10thBoardofDirectorsResolutionsonRevisingtheComplianceManagementImplementationRulesofKonkaGroupCo.,Ltd.(Revisedin2023);ResolutiononApplyingforGeneralCreditLimitfromBankofChina;ResolutiononApplyingforGeneralCreditLimitfromIndustrialandCommercialBankofChina(ICBC);ResolutiononApplyingforGeneralCreditLimitfromBankofCommunications;ResolutiononApplyingforGeneralCreditLimitfromBankofNingbo;ResolutiononApplyingforGeneralCreditLimitfromChinaZheshangBankCo.,Ltd. | |
The19thMeetingofthe10thBoardofDirectors | 4December2023 | 6December2023 | Resolutionsofthe19thMeetingofthe10thBoardofDirectors |
KonkaGroupCo.,Ltd.AnnualReport2023
The20thMeetingofthe10thBoardofDirectors | 11December2023 | Resolutionsofthe20thMeetingofthe10thBoardofDirectors |
2.AttendanceofDirectorsatBoardMeetingsandGeneralMeetings
Attendanceofdirectorsatboardmeetingsandgeneralmeetings | |||||||
Director | Totalnumberofboardmeetingsthedirectorwaseligibletoattend | Boardmeetingsattendedonsite | Boardmeetingsattendedbywayoftelecommunication | Boardmeetingsattendedthroughaproxy | Boardmeetingsthedirectorfailedtoattend | Thedirectorfailedtoattendtwoconsecutiveboardmeetings(yes/no) | Generalmeetingsattended |
LiuFengxi | 15 | 1 | 14 | 0 | 0 | No | 0 |
YaoWei | 15 | 1 | 14 | 0 | 0 | No | 0 |
ZhouBin | 15 | 1 | 14 | 0 | 0 | No | 4 |
YeXingbin | 15 | 1 | 14 | 0 | 0 | No | 4 |
LiuJian | 15 | 1 | 14 | 0 | 0 | No | 0 |
WangShuguang | 15 | 1 | 14 | 0 | 0 | No | 0 |
DengChunhua | 15 | 1 | 14 | 0 | 0 | No | 0 |
Whyanydirectorfailedtoattendtwoconsecutiveboardmeetings:
Notapplicable
3.ObjectionsRaisedbyDirectorsonMattersoftheCompanyIndicatebytickmarkwhetheranydirectorsraisedanyobjectionsonanymatteroftheCompany.
□Yes√NoNosuchcasesintheReportingPeriod.
4.OtherInformationaboutthePerformanceofDutybyDirectorsIndicatebytickmarkwhetheranysuggestionsfromdirectorswereadoptedbytheCompany.
√Yes□No
KonkaGroupCo.,Ltd.AnnualReport2023
SuggestionsfromdirectorsadoptedornotadoptedbytheCompany:
Duringthereportingperiod,thedirectorsofthecompanyactivelyattendedtherelevantmeetings,carefullyreviewedtheproposals,gavefullplaytotheroleof"settingstrategy,makingdecisions,andpreventingrisks",andhadanin-depthunderstandingofthedevelopmentofsemiconductorandotherbusinesses,aswellasthecompany'soperatingconditions,internalcontrolconstructionandtheimplementationoftheresolutionsoftheBoardofDirectorsmeeting.DirectorsoftheCompanyputforwardtheconstructiveadvicesbyuseoftheirownprofessionalknowledgetowardstheinternalmanagement.Forexample,toactivelypromotetherefinementoftheCompany’sdevelopmentstrategyplanandimplementationthereof,toprovideadvicesonexpandingtheCompany’sbusiness,andtopayattentiontoriskscontroloftheCompanysuchasthecashflowandaccountsreceivablemanagement.TheCompanycarefullyadoptedtheadvicesfromtheDirectorsandconstantlyimprovedandenhancedthemanagementleveloftheCompany.VIIPerformanceofDutiesbySpecializedCommitteesundertheBoardduringthisReportingPeriod
Committee | Members | Numberofmeetingsconvened | Conveneddate | Content | Importantopinionsandsuggestionsraised | Otherinformationabouttheperformanceofduty | Detailsaboutissueswithobjections(ifany) |
AuditCommittee | DengChunhua,YaoWei,WangShuguang | 9 | 6January2023 | The2022FinancialstatementsandtheArrangementofthe2022AnnualAuditsubmittedbytheCompany’sfinancialcenter(issuedbytheCompanypriortotheentryoftheannualCPA) | 1.Thearrangementoftheauditworkonthe2022AnnualReportoftheCompanywasapproved.2.ItwasconsentedthattheannualfinancialstatementsshallbeprovidedtotheCPAfortheannualaudit.3.ItisrequiredthatShineWingCertifiedPublicAccountants(specialgeneralpartnership)appointedbytheCompanyshouldcarryouttheauditinginstrictaccordancewiththerequirementsoftheChinaPracticeStandardsforCertifiedPublicAccountants,andshouldpromptlycommunicatewiththeCommitteeifmajorproblemsarediscovered. | ||
20February2023 | 2022AnnualInternalAuditReportofKonkaGroupandKonkaGroup’sInternalAuditQualitySelf-assessmentReportsubmittedbythe | NoobjectionswereraisedregardingthefollowingdocumentssubmittedbytheCompany:2022AnnualInternalAuditReportofKonkaGroupandKonkaGroup’sInternalAudit |
KonkaGroupCo.,Ltd.AnnualReport2023
Company | QualitySelf-assessmentReport. | ||||
10March2023 | TheCPAsforannualauditwereengagedforthediscussionandreviewoftheCompany'sfinancialstatementsaftertheyhaveissuedpreliminaryauditopinions. | Noobjectionwasmadetothe2022annualfinancialstatementsoftheCompanypreliminarilyauditedbyShineWingCertifiedPublicAccountants(specialgeneralpartnership). | |||
14March2023 | CommunicationsweremadewiththeInternalAuditDepartmentoftheCompany;the2022annualauditperformedbyShineWingCertifiedPublicAccountants(specialgeneralpartnership)wasappraised;the2022AuditReportreviewedandretentionoftheaccountingfirmfor2023wasdeliberated. | 1.The2022annualauditperformedbyShineWingCertifiedPublicAccountants(specialgeneralpartnership)wassatisfying.2.Noobjectionwasmadetothe2022AuditReportissuedbyShineWingCertifiedPublicAccountants(specialgeneralpartnership).3.ItwasproposedthatShineWingCertifiedPublicAccountants(specialgeneralpartnership)beretainedforfurtherserviceastheauditinstitutionoftheCompany's2023annualfinancialstatements. | |||
27April2023 | 2023Q1financialstatementsoftheCompany | Noobjectionwasmadetothe2023Q1financialstatementsoftheCompany. | |||
26May2023 | 2023InternalAuditPlanofKonkaGroupsubmittedbytheCompany | Noobjectionwasmadetothe2023InternalAuditPlanofKonkaGroupsubmittedbytheCompany. | |||
1August2023 | RehiringShineWingCertifiedPublicAccountants(specialgeneralpartnership)astheauditfirmandinternalcontrolauditfirmforthecompany’s2023financialstatements. | MakeaproposaltorehireShineWingCertifiedPublicAccountants(specialgeneralpartnership)astheauditfirmandinternalcontrolauditfirmforthecompany’s2023financialstatements. | |||
25August2023 | 2023interimfinancialstatementsoftheCompany | Noobjectionwasmadetothe2023interimfinancialstatementsoftheCompany. | |||
30October2023 | 2023Q3financialstatementsoftheCompany | Noobjectionwasmadetothe2023Q3financialstatementsoftheCompany. | |||
RemunerationandAppraisalCommittee | WangShuguang,YaoWei,YeXingbin,LiuJian,Deng | 2 | 14March2023 | 1.LetterofCommitmentonPerformancefor2023fortheCompany’sManagementTeam2.Remunerationsofdirectors,supervisorsandseniormanagementas | 1.TheLetterofCommitmentonPerformancefor2023fortheCompany’sManagementTeamwasapprovedandwasagreedtobesubmittedtotheBoardfordeliberation.2.Remunerationsofdirectors, |
KonkaGroupCo.,Ltd.AnnualReport2023
Chunhua | disclosed3.RevisedRemunerationManagementMeasuresforHeadsofKonkaGroupCo.,Ltd. | supervisorsandseniormanagementasdisclosedintheCompany's2022AnnualReportweretrue.Remunerationsofdirectors,supervisorsandseniormanagementasdisclosedwereconsistentwiththeCompany'ssalarymanagementpolicyandnoviolationwasfound.3.TherevisedRemunerationManagementMeasuresforHeadsofKonkaGroupCo.,Ltd.wasagreedtobesubmittedtotheBoardfordeliberation. | |||
15August2023 | Adjustingremunerationsofseniormanagement | AgreetoadjustremunerationstandardofseniormanagementandsubmitittotheBoardoftheCompanyfordeliberation | |||
NominationCommittee | LiuJian,YaoWei,ZhouBin,WangShuguang,DengChunhua | 1 | 8May2023 | Changeofseniormanagement | ApprovethereappointmentofMr.ZhouBinasthePresidentoftheCompany,Mr.CaoShipingastheExecutiveVicePresidentoftheCompany,Mr.LiHongtao,YangBoandMr.LinHongfanasVicePresidentoftheCompany,Mr.WuYongjunasBoardSecretaryoftheCompany,Mr.LiChunleiasCFOoftheCompany,andendorsethesubmissionofthisproposaltotheCompany’sBoardofDirectorsfordeliberation. |
VIIIPerformanceofDutybytheSupervisoryCommitteeIndicatebytickmarkwhethertheSupervisoryCommitteefoundanyrisktotheCompanyduringitssupervisionintheReportingPeriod.
□Yes√NoTheSupervisoryCommitteeraisednoobjectionsintheReportingPeriod.IXEmployees
1.Number,FunctionsandEducationalBackgroundsofEmployees
Numberofin-serviceemployeesoftheCompanyastheparentattheperiod-end | 1,621 |
Numberofin-serviceemployeesofmajorsubsidiariesattheperiod-end | 12,485 |
Totalnumberofin-serviceemployeesattheperiod-end | 14,106 |
KonkaGroupCo.,Ltd.AnnualReport2023
TotalnumberofpaidemployeesintheReportingPeriod | 14,106 |
NumberofretireestowhomtheCompanyastheparentoritsmajorsubsidiariesneedtopayretirementpensions | 0 |
Functions | |
Function | Employees |
Production | 7,335 |
Sales | 3,405 |
Technical | 1,479 |
Financial | 609 |
Administrative | 1,278 |
Total | 14,106 |
Educationalbackgrounds | |
Educationalbackground | Employees |
Masterandabove | 365 |
Bachelor | 3,171 |
Juniorcollege | 3,808 |
Highschoolandbelow | 6,762 |
Total | 14,106 |
2.EmployeeRemunerationPolicyTheCompanypromulgateditsremunerationsystemwiththeoperatingstrategyofservingfortheenterprisedevelopmentandenhancement,andtheprincipleofdecidingtheremunerationaccordingtothepost,businessperformanceandcapabilities,aswellasthemarketcompetitivenessandinternalfairness.Anditdecidedtheemployee’sremunerationlevelaccordingtoitsbusinessearnings,thepostsandfulfillmentofthebusinessperformanceoftheemployee.
3.EmployeeTrainingPlansTheCompanyadheredtothepeople-orientedandpaidspecialattentiontocultivatethetalents.Surroundedbytheactualstrategicbusinessdevelopment,theCompanyactivelyorganizedand
KonkaGroupCo.,Ltd.AnnualReport2023
carriedoutvarioustrainingactivities,andcontinuouslyperfecteditstalentscultivationsystem,aswellasfurtherenhancedtheemployee’sprofessionalskillsandoverallquality.In2023,underthenewdevelopmentstrategyof"OneAxis,TwoWheels,andThreeGrowthDrivers,"theCompanyupheldtheprincipleofPartyleadershipintalentmanagement.Withtheimplementationofleanmanagementasaprerequisite,theCompanycontinuedtoperformtasksfromthreeaspects:"Drivingstrategyimplementation,supportingbusinesstransformation,andcoordinatingtalentdevelopment".Focusingontheprojectoperationsystemof"ThreeTiersandSevenBrands",KonkaopenclasseshavebeenorganizedthroughouttheyearforallemployeesoftheCompany;andorganizedandcarriedoutthenewemployee’strainingprojectsrespectivelyforthegraduatesfromcampusrecruitingandpersonnelfromsocialrecruitment.Meanwhile,theCompanycontinuedtostrengthenitsprofessionaldevelopmenteffortsandempowerbusinessgrowthbyconductingongoingprofessionaltrainingformarketing,researchanddevelopment,manufacturing,andotherdepartments.
4.LaborOutsourcing
□Applicable√NotapplicableXProfitDistributions(intheFormofCashand/orStock)Howtheprofitdistributionpolicy,especiallythecashdividendpolicy,wasformulated,executedorrevisedintheReportingPeriod:
√Applicable□NotapplicableThecashdividendpolicyoftheCompanywasclearlystatedinitsArticlesofAssociation,withspecificandcleardividendstandardsandratios.Therelevantdecision-makingprocedureandmechanismweresound;theindependentdirectorsfaithfullyperformedtheirdutiesandplayedtheirduerole;andthenon-controllinginterestswereabletofullyexpresstheiropinionanddesireandtheirlegalrightsandinterestswerefullyprotected.TheCompanystrictlyfollowedthecashdividendpolicyinitsArticlesofAssociation,andthecashdividendpayoutoftheCompanywasinlinewithitsArticlesofAssociationandtherelevantresolutionoftheShareholders’Meeting.AccordingtotherequirementsoftheListedCompanySupervisionGuidelineNo.3-ListedCompanies’CashDividendissuedbytheCSRC,theCompanyhasrevisedthedividendpayoutpolicyinitsArticlesofAssociation,furtherclarifyingthepriorityandproportionofcashdividendindividendpayouts.Inordertofurthernormalizeitsshareholderreturnmechanism,pushforwardtheestablishmentofascientific,sustainedandstableshareholderreturnmechanism,enhancethe
KonkaGroupCo.,Ltd.AnnualReport2023
transparencyandoperabilityofdecision-makingforitsdividendpayoutpolicy,andeffectivelyprotectthelegalrightsandinterestsofpublicinvestors.
Specialstatementaboutthecashdividendpolicy | |
IncompliancewiththeCompany’sArticlesofAssociationandresolutionofgeneralmeeting | Yes |
Specificandcleardividendstandardandratio | Yes |
Completedecision-makingprocedureandmechanism | Yes |
Independentdirectorsfaithfullyperformedtheirdutiesandplayedtheirduerole | Yes |
SpecificreasonsandthenextstepsitintendstotaketoenhancetheinvestorreturnleveliftheCompanydidnotpaycashdividend: | N/A |
Non-controllinginterestsareabletofullyexpresstheiropinionanddesireandtheirlegalrightsandinterestsarefullyprotected | Yes |
Incaseofadjustingorchangingthecashdividendpolicy,theconditionsandproceduresinvolvedareincompliancewithapplicableregulationsandtransparent | N/A |
IndicatebytickmarkwhethertheCompanyfailstoputforwardacashdividendproposalforshareholdersdespitethefactsthattheCompanyhasmadeprofitsintheReportingPeriodandtheprofitsoftheCompanyastheparentdistributabletoshareholdersarepositive.
□Applicable√NotapplicableFinalDividendPlanfortheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIEquityIncentivePlans,EmployeeStockOwnershipPlansorOtherIncentiveMeasuresforEmployees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIIEstablishmentandExecutionoftheInternalControlSystemfortheReportingPeriod
1.EstablishmentandExecutionoftheInternalControlSystemTheCompanyhasestablishedandimprovedtheCompany'sinternalcontrolsysteminaccordancewiththeregulationsoftheChinaSecuritiesRegulatoryCommissionandtheShenzhenStockExchange,followingthebasicprinciplesofinternalcontrol,andonthebasisoftheCompany's
KonkaGroupCo.,Ltd.AnnualReport2023
actualsituation.TheCompany'sFinancialAuditCommittee,andSupervision,AuditandLegalAffairsCenterfollowtheguidanceofvaluemanagement,seekthegoalofstrengtheningriskmanagementandcontrol,continuouslyenhanceauditsupervisionandinternalcontrolevaluation,therebyscrutinizingandevaluatingtheCompany'sinternalcontrolmanagement.TheCompany's2023AnnualInternalControlSelf-AssessmentReportcomprehensively,factuallyandaccuratelyreflectstheactualsituationoftheCompany'sinternalcontrol.DuringtheReportingPeriod,theCompanyhadnomajororsignificantdeficienciesinitsinternalcontrol.
2.MaterialInternalControlWeaknessesIdentifiedfortheReportingPeriod
□Yes√NoXIIIManagementandControloverSubsidiariesbytheCompanyfortheReportingPeriod
Subsidiary | Integrationplan | Integrationprogress | Problem | Countermeasurestaken | Settlementprogress | Follow-upsettlementplan |
N/A | N/A | N/A | N/A | N/A | N/A | N/A |
XIVInternalControlSelf-EvaluationReportorIndependentAuditor’sReportonInternalControl
1.InternalControlSelf-EvaluationReport
Disclosuredateoftheinternalcontrolself-evaluationreport | 2April2024 | ||
Indextothedisclosedinternalcontrolself-evaluationreport | http://www.cninfo.com.cn/new/index | ||
Evaluatedentities’combinedassetsas%ofconsolidatedtotalassets | Over90.00% | ||
Evaluatedentities’combinedoperatingrevenueas%ofconsolidatedoperatingrevenue | Over90.00% | ||
Identificationstandardsforinternalcontrolweaknesses | |||
Type | Weaknessesininternalcontroloverfinancialreporting | Weaknessesininternalcontrolnotrelatedtofinancialreporting | |
Naturestandard | Thosewiththefollowingcharacteristicsshouldberecognizedasgreatdefect:(1)foundoutthereweremalpracticesoftheDirectors,SupervisorsandSeniorExecutivesoftheCompanythatformedsignificantinfluencesonthefinancialreport;(2)theCompanyrevisedthepublishedfinancialreportandrevisedthegreatmisstatementscausedbythemalpracticesorthemistakes;(3)CPAfoundouttherewasgreatmisstatementofthecurrentfinancialreportwhiledidn’tfoundduringtheoperatingprocessoftheinternalcontrol;(4)thesupervisionoftheinternalcontrolbytheFinanceAuditCommitteeandthe | Thefollowingsignsindicatedtheremayexistgreatdefectamongtheinternalcontrolofthenon-financialreport:(1)seriousviolationsofnationallawsandregulationsinbusinessoperations;(2)frequentexposureofnegativenewsinthemedia,causingsignificantdamagetothecompany'sreputation;(3)departureofthecoremanagementteamindrovesorseriousturnoverofpersonnelinkeypositions;and(4)lackofsystematiccontrolofimportant |
KonkaGroupCo.,Ltd.AnnualReport2023
internalauditinstitutionoftheCompanywasinvalid;(5)notyetrevisedthegreatdefectafterthereasonableperiodaswhichwasdiscoveredamongtheinternalcontrolassessment;(6)thesignificantbusinesslackedofsystematiccontrolorthesystematiccontrolwasinvalid..Thosewiththefollowingcharacteristicsshouldberecognizedassignificantdefect:(1)notyetchosenorappliedtheaccountingpolicesaccordingtothegenerallyacceptedaccountingstandards;(2)notyetconstructedtheanti-spamprocessorcontrolmeasures;(3)asfortheaccountsdisposaloftheunconventionalorspecialtransactions,therewasnocorrespondingcontrolmechanismorexecutionortheexistenceofthecorrespondingsupplementcontrol;(4)therewasoneormultipledefectsduringthecontrolofthecompileofthefinancialreportattheperiod-endandcouldnotreasonableguaranteethestatementofthecompiledfinancialreportreachtherealandaccuratetarget;(5)notyetrevisedthesignificantdefectafterthereasonableperiodaswhichwasdiscoveredamongtheinternalcontrolassessment.Otherdefectsfromtheinternalcontrolhadn’treachedtherecognitionstandardsofthegreatdefectorsignificantdefectshouldberecognizedasgeneraldefect. | businessesorsystematicfailureofthesystem;and(4)greatdeficienciesidentifiedininternalcontrolevaluationswerenotrectifiedinatimelymanner.Thefollowingsignsindicatedtheremayexistsignificantdefectamongtheinternalcontrolofthenon-financialreport:(1)negativenewsoccurredratherfrequentlywhichcausedratherbigharmtotheCompany’sreputation;(2)theoutflowofthekeypositionpersonnelwasratherserious;(3)therewasobviousdefectamongthecontrolsystemofthesignificantbusiness;(4)thesignificantdefectfoundamongtheinternalcontrolassessmentnotyetberevisedintime.Otherdefectsfromtheinternalcontrolhadn’treachedtherecognitionstandardsofthegreatdefectorsignificantdefectshouldberecognizedasgeneraldefect. | |
Quantitativestandard | Greatdefect:potentialmisstatementamount≥1%ofthegrossprofitmarginofthe2023consolidatedfinancialreportoftheCompany;significantdefect:0.5%ofthegrossprofitmarginofthe2023consolidatedfinancialreportoftheCompany≤potentialmisstatementamount<1%ofthegrossprofitmarginofthe2023consolidatedfinancialreportoftheCompany;generaldefect:potentialmisstatementamount<0.5%ofthegrossprofitmarginofthe2023consolidatedfinancialreportoftheCompany. | Implementinaccordancewiththequantitativecriteriaofinternalcontroldefectevaluationinfinancialstatements |
Numberofmaterialweaknessesininternalcontroloverfinancialreporting | 0 | |
Numberofmaterialweaknessesininternalcontrolnotrelatedtofinancialreporting | 0 | |
Numberofseriousweaknessesininternalcontroloverfinancialreporting | 0 | |
Numberofseriousweaknessesininternalcontrolnotrelatedtofinancialreporting | 0 |
2.IndependentAuditor’sReportonInternalControl
√Applicable□Notapplicable
Opinionparagraphintheindependentauditor’sreportoninternalcontrol | |
Weconsideredthat,inallthesignificantaspects,KonkaGroupmaintainedefficientinternalcontrolofthefinancialreportaccordingtotheC-SOXandtherelevantregulationson31December2023. | |
Disclosureofsuchreport | Disclosed |
KonkaGroupCo.,Ltd.AnnualReport2023
Disclosuredate | 2April2024 |
Indextosuchreportdisclosed | http://www.cninfo.com.cn/new/index |
Typeoftheauditor’sopinion | Unmodifiedunqualifiedopinion |
Materialweaknessesininternalcontrolnotrelatedtofinancialreporting | None |
Indicatebytickmarkwhetheranymodifiedopinionisexpressedintheindependentauditor’sreportontheCompany’sinternalcontrol.
□Yes√NoIndicatebytickmarkwhethertheindependentauditor’sreportontheCompany’sinternalcontrolisconsistentwiththeinternalcontrolself-evaluationreportissuedbytheCompany’sBoard.
√Yes□NoXVRectificationsofProblemsIdentifiedbySelf-inspectionintheSpecialActionforListedCompanyGovernanceTheCompanyhascompletedtheself-inspectioninaccordancewiththerelevantrequirementsoftheCSRCandrectifiedtheproblemsidentifiedintheself-inspection.
KonkaGroupCo.,Ltd.AnnualReport2023
PartVEnvironmentalandSocialResponsibilityIMajorEnvironmentalIssuesIndicatebytickmarkwhethertheCompanyoranyofitssubsidiariesisidentifiedasamajorpolluterbytheenvironmentalprotectionauthorities.
√Yes□NoPoliciesandindustrystandardspertainingtoenvironmentalprotectionTheCompanyabidesbyenvironmentalprotectionlawsandregulations,suchastheEnvironmentalProtectionLawofthePeople’sRepublicofChina,WaterPollutionPreventionandControlLawofthePeople’sRepublicofChina,AirPollutionPreventionandControlLawofthePeople’sRepublicofChina,NoisePollutionPreventionandControlLawofthePeople’sRepublicofChina,SolidWastePollutionPreventionandControlLawofthePeople’sRepublicofChina,andothers.ThewaterpollutantdischargestandardsincludetheEmissionStandardofWaterPollutantsforElectroplatingDB44/1597-2015andtheWaterPollutantDischargeLimitStandardofGuangdongProvinceDB44/26-2001.TheairpollutantemissionstandardsincludetheEmissionStandardofVolatileOrganicCompoundsforPrintingIndustryDB44/815-2010,EmissionStandardofElectroplatingPollutantsGB21900-2008,EmissionStandardofOdorousPollutantsGB14554-93,andEmissionControlStandardofVolatileOrganicCompoundsforUnorganizedEmissionsGB37822-2019.StatusofEnvironmentalProtectionAdministrativeLicense
1.XingDaHongYeXingDaHongYereceivedapprovalfromtheZhongshanEnvironmentalProtectionBureautoestablishandconstructitsfacilityin2004(ZH.H.J.[2004]No.61),followedbysubsequentapprovalsunderZH.H.J.D.[2008]06250andZH.H.J.D.[2010]04469in2008and2010respectively.AftertheoriginalprojectofXingDaHongYewasputintoproduction,itunderwenttwoacceptancestages:thefirststagein2008(H.Y[2008]02)andthesecondstagein2012(ZH.H.Y.Report[2012]000092).XingdaHongyeenlistedtheservicesoftheZhongshanEnvironmentalProtectionScienceResearchInstituteinDecember2012toperformanenvironmentalimpactevaluationfortheirproposedtechnologicalupgradeandexpansioninitiative.Followingthis,on31December2012,theEnvironmentalProtectionBureauofZhongshanCitygrantedNo.ZH.H.J.SH.(2012)115ApprovalontheEnvironmentalImpactAssessmentReportforTechnologicalUpgradeandExpansion
KonkaGroupCo.,Ltd.AnnualReport2023
ProgramofGuangDongXingDaHongYeElectronicCo.,Ltd.Theschemeallowedforanincreasedproductionofsix-layercircuitboards,eight-layerandabovecircuitboards,andHDIboards,whilereducingtheproductionofsingle-sidedcircuitboards.Afterthecompletionofthetechnologicalupgradeandexpansion,theproductioncapacitywasexpectedtoreachatotalof200,000squaremetersforsingle-sidedcircuitboardsperyear,250,000squaremetersfordouble-sidedcircuitboardsperyear,300,000squaremetersforfour-layercircuitboardsperyear,200,000squaremetersforsix-layercircuitboardsperyear,150,000squaremetersforeight-layerandabovecircuitboardsperyear,and100,000squaremetersforHDIboardsperyear.Thetechnicalrenovationandexpansionprojectmaintainedtheoriginalplatingequipmentandprocessunchangedandaddedabrowningprocesstotheexistingproductionprocess.Theadditionalplatingcapacitywasalloutsourced.Thetechnicalrenovationandexpansionprojectbeganconstructionin2013,wascompletedinJanuary2018,andwascommissionedfrom10Februaryto8July2018.Theconstructionoftheexpansionprojectmettherequirementsoftheenvironmentalimpactreportapprovalandtheconditionsforenvironmentalprotectionacceptanceofthecompletedconstructionproject.In2021,thenationalpollutantdischargepermitofXingDaHongYewasrenewed/replacedwithcertificatenumber91442000768405216J001P.In2022,thenationalpollutantdischargepermitwaschanged,withcertificatenumber91442000768405216J001P.In2023,thenationalpollutantdischargepermitwaschanged,withcertificatenumber91442000768405216J001P
2.BoluoKonkaandBoluoKonkaPrecisionBoluoKonkaPrecisionTechnologyCo.,Ltd.wasapprovedbytheHuizhouEnvironmentalProtectionBureauin2000(H.S.H.J.[2000]No.23)andbeganproductionthesameyear.Itspollutiondischargepermitnumberis91441322721121283N001U.BoluoKonkaenlistedtheservicesofHuizhouEnvironmentalScienceResearchInstituteinJanuary2007tocarryoutanenvironmentalimpactassessmentforitsexpansionproject.No.H.SH.H.J.[2007]J32ApprovalonEnvironmentalImpactReportforBoluoKonka’sDouble-sidedandMultilayerBoardProjectwasissuedbytheEnvironmentalProtectionBureauofHuizhouCityon8February2007.Theapprovedexpansionprojectincludedtheinstallationofelectroplatingequipmentandprocesses,allowingforanincreaseinproductioncapacityto1millionsquaremetersforsingle-sidedcircuitboardsperyearand650,000squaremetersfordouble-sidedandmultilayercircuitboardsperyear.Uponcompletion,theprojectunderwentanenvironmentalprotectionacceptanceinspection,satisfyingtherequirementsoftheenvironmentalimpactassessmentapproval.ThecompanyalsoobtainedapollutantdischargepermitinthesameyearandunderwentanamechangetoBoluoKonkaPrecisionTechnologyCo.,Ltd.In2020,thecompanyreceivedanationalpollutantdischargepermitbearingcertificatenumber91441322799316208F001V.BoluoKonkaPrecisionwillproduce1.65millionsquaremetersperyearofdouble-sidedandmultilayercircuit
KonkaGroupCo.,Ltd.AnnualReport2023
boards,upontheDepartmentofEcologyandEnvironmentofGuangdongProvince'sapprovaloftheReportontheEnvironmentalImpactoftheCircuitBoardsExpansionProjectwithanAnnualCapacityof1millionsquaremeters(Y.H.SH.[2023]No.124)inJune2023.Theregulationsforindustrialemissionsandtheparticularrequirementsforcontrollingpollutantemissionsthoseareassociatedwithproductionandoperationalactivities.
Nameofpolluter | Typeofmajorpollutants | Nameofmajorpollutants | Wayofdischarge | Numberofdischargeoutlets | Distributionofdischargeoutlets | Dischargeconcentration/intensity | 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 | 497,835tons/year | Totaldischargeofmajorpollutants:COD19.061250tons/year;ammonianitrogen3.0498tons/year;totalnitrogen32.9792tons/year;totalphosphorus0.2082tons/year | None |
XingDaHongYe | Wastegaspollutants | Sulfuricacidfume,hydrogenchloride,formaldehyde,hydrogencyanide,nitrogenoxide,ammonia,benzene,toluene+xylene,TVOC, | Dischargeofstationarypollutionsources | 14 | Threeontheroofofplant1,tenontheroofofplant2andoneontheroofofthecanteen | sulfuricacidfume≤30mg/m3;nitrogenoxide≤200mg/m3;hydrogenchloride≤30mg/m3;hydrogencyanide≤0.5mg/m3;TVOC≤90mg/m3;benzene≤1mg/m3;toluene+xylene≤15mg/m3;tinandits | EmissionStandardforElectroplatingPollutantsGB21900-2008AirEmissionLimitsTable5,EmissionstandardofVolatileOrganicCompoundsforPrintingIndustryDB44/815-2010;GuangdongAirPollutantEmissionStandardDB44/27-2001the | 2,986,560,000standardcube/yea | Totaldischarge:2,986,560,000standardcube/year(note:thetotaldischargeisnotstatedinthelatestversionofnationaldischargepermitin2021;twoexhaust | None |
KonkaGroupCo.,Ltd.AnnualReport2023
tinanditscompounds,PM(dust) | compounds≤8.5mg/m3;PM(dust)≤120mg/m3 | SecondLevelStandardintheSecondPeriod,EmissionstandardforOdorPollutants(GB14554-1993)Table2Standard | r | towerswereaddedin2021;calculatedbasedonairvolumeinenvironmentalimpactassessment) | ||||||
BoluoKonkaandBoluoKonkaPrecision | Pollutionsourcesofwastewater | PH,copper,COD,ammonianitrogen,totalnitrogen,totalphosphorus | Dischargeofstationarypollutionsources | 1 | Maindischargeoutletofthewastewaterstation | 1.Emissionstandardforpollutiondischargecertificate:copper≤0.5mg/L;COD≤80mg/L;ammonianitrogen≤10mg/L;totalnitrogen≤20mg/L;totalphosphorus≤0.5mg/L;2.localemissionstandard:copper≤0.5mg/L;COD≤30mg/L;ammonianitrogen≤1.5mg/L;totalnitrogen≤10mg/L;totalphosphorus≤0.3mg/L | 1.Dischargestandardofdischargepermit:DischargeStandardofElectroplatingWaterPollutantforElectroplatingDB44/1597-2015Table1PearlRiverDeltaDischargeStandard;WaterPollutantDischargeLimitStandardofGuangdongProvinceDB44/26-2001;2.Localdischargestandard:BFBH[2019]No.58Document:COD,ammonianitrogen,totalphosphorusbasedon"EnvironmentalQualityStandardsforSurfaceWaterGB3838-2002"CategoryIVwaterstandard,thetotalnitrogendischargereaches50%ofdischargelimitrequirementofthecorrespondingindustry | 318,300tons/yearNote:accordingtodischargepermit | CODis19.2tons/year;ammonianitrogenis2.4tons/year;totalnitrogenis4.8tons/year.Note:accordingtothedischargecertificate | None |
BoluoKonkaandBoluoKonkaPrecis | Wastegaspollutants | Sulfuricacidfume,hydrogenchloride,formalde | Dischargeofstationarypollut | 20 | Sixontheroofofplant1,fourtee | sulfuricacidfume≤30mg/m3;nitrogenoxide≤200mg/m3;hydrogenchloride≤30mg/m | EmissionStandardforElectroplatingPollutantsGB21900-2008AirEmissionLimitsTable5, | / | Thetotaldischargeisnotstatedinthelatestversionofnational | None |
KonkaGroupCo.,Ltd.AnnualReport2023
ion | hyde,hydrogencyanide,nitrogenoxide,ammonia,benzene,methylbenzene,TVOC,tinanditscompounds,PM(dust),oilfume | ionsources | nontheroofofplant2andoneinsewagestation | 3;TVOCogenchl;benzenenchlori;methylbenzenoride≤30;dimethylbenzenede≤30mg/;tinanditscompounds≤8.5mg/m3;PM(dust)≤≤standi;oilfume≤2mg/m3 | GuangdongAirPollutantEmissionStandardDB44/27-2001theSecondLevelStandardintheSecondPeriod,EmissionstandardforOdorPollutants(GB14554-1993)Table2Standard,Emissionstandardofcookingfume(GB18483-2001) | dischargepermitin2020 |
Treatmentofpollutants
1.XingDaHongYeAllproductionequipmentofGuangdongXingdaHongyeElectronicsCo.,Ltd.hasbeensetupwithsupportingenvironmentalprotectionfacilitiesaccordingtotherequirementsofenvironmentalimpactassessment.Thedischargeofwastewater,wastegasandnoiseaswellasthedisposalofallsolidwastesintheCompanyallmetthestandardsduringtheReportingPeriod.ThesewagetreatmentcentreofGuangdongXingdaHongyeElectronicsCo.,Ltd.withaninvestmentofaboutRMB15millionwasformallyputintoproductioninJune2007,andthetreatmentcapacityofthesewagetreatmentfacilitywas2,566tons/day.Aftertechnicalimprovementandexpansion,thecapacityincreasedto2,900tons/daywiththetreatmentprocessremainingunchanged.In2022,RMB20millionwasinvestedtoincreaseasetofsewagetreatmentfacilitywhichhadbeenputintooperationsoastoensurestabledischargeofsewageuptostandard.Currently,thesewagetreatmentfacilitiesarefunctioningwellandthemainpollutantdischargemeetsthedischargestandardsandenvironmentalassessmentstandards.ThepollutantsaredischargedtoFushachongafterbeingtreatedattheself-builtsewagetreatmentstation.
2.BoluoKonkaandBoluoKonkaPrecisionAllproductionequipmentofBoluoKonkaandBoluoKonkaPrecisionhasbeenreportedforenvironmentalassessment,reviewandapproval.Thesupportingenvironmentalprotectionandpollutioncontrolfacilitieshavebeendesignedbypollutanttypeandconcentrationandeffectivelyoperatedinatargetedmanner.DuringtheReportingPeriod,thedischargestandardsweremetintermsofindustrialwastewater,exhaustandfactorynoise,andallindustrialwastegeneratedwasdisposedofincompliancewithenvironmentallawsandregulations.BoluoKonkawasestablishedin2000.TomanufacturesinglesidedPCBs,itinvested
KonkaGroupCo.,Ltd.AnnualReport2023
approximatelyRMB5millioninconstructingasewagetreatmentstationwithoutthebiochemicaltreatmentfunctionandfeaturingadischargecapacityof300tonsperday.In2007,BoluoKonkaexpandeditsfactorybystartingthePhaseIIproject,whichwassubmittedforenvironmentalassessmentasBoluoKonkaPCBDoubleSidedandMulti-LayerPCBProject(latertheprojectownerwaschangedintoBoluoKonkaPrecision).ItspentaboutRMB10milliononconstructingthePhaseIIsewagetreatmentstationtoaddthebiochemicaltreatmentfunctionwithadischargecapacityof800tonsperday.In2019,accordingtotherequirementsinthedocumentsissuedbyBoluoCountyEcologyandEnvironmentBureau,thetwosewagetreatmentstationsofBoluoKonkaandBoluoKonkaPrecisionmustbeupgradedtowardshigherstandards.Throughcomprehensiveassessmentoftheprofessionalenvironmentalprotectioncompany,itwasdecidedthatthesewagetreatmentstationsofthesaidcompaniesbecombinedtomeettheupgradingrequirements.BoluoCountyEcologyandEnvironmentBureauapprovedthecombinationofthedischargeoutletsoftheaforementionedcompanies,andBoluoKonkawouldappointBoluoKonkaPrecisiontotreatsewage.Afterthecombinationofdischargeoutlets,thedischargecapacitywouldreach1,100tonsperday.TheaforementionedtwocompaniesspentaboutRMB20millionbetween2019and2020onupgradingthesewagetreatmentstationstowardshigherstandards,andaddedindustrialadvancedprocessesandtreatmentsystems,suchasROwatertreatment,FentonoxidationandMBRfilms.Afterthetechnologicalimprovementsandexpansion,thesewagetreatmentreaches2,200tonsperday(withadischargecapacityof1,100tonsperday)withareuserateofmorethan60%.Atpresent,thewastewatertreatmentfacilitiesareoperatingingoodconditions;thedischargeofmajorpollutantsmeetsthedischargestandards.Afteradvancedtreatmentofthewaterreusefacilities,thewatertreatedbythesewagestationsthatmeetsthestandardswillbereusedintheplants,whiletheremainingwaterwillbedischargedtothemunicipalpipenetworktobeprocessedbytheurbanandruralwatertreatmentfactorybeforebeingdischargedtotheGongzhuangRivesectionofDongjiangRiver.Environmentalself-monitoringplan
1.XingDaHongYeAccordingtotherequirementsoftheEnvironmentalProtectionAdministration,XingdaHongyeattachesgreatimportancetoenvironmentalmonitoringmanagement.Thus,pursuanttotheMeasuresforSelf-MonitoringandInformationDisclosureofNationalKeyMonitoredEnterprises,theReportontheEnvironmentalImpactoftheTechnicalImprovementandExpansionProjectofGuangdongXingdaHongyeElectronicsCo.,Ltd.andthereplyopinionsforenvironmentalimpactassessment,theCompanyhasformulatedtheEnvironmentalSelf-MonitoringPlanandreportedtothemunicipalenvironmentalprotectionbureauforapprovalandrecord.Itimplementsonline
KonkaGroupCo.,Ltd.AnnualReport2023
monitoringforthePH,CODandammonianitrogenpollutantsdischargedinwastewaterthroughreal-timemonitoringandanautomaticfrequencyofeverytwohours,entruststhequalifiedthird-partyonlinemonitoringequipmentoperationandmaintenanceinstitutetocarryoutperiodicmaintenanceonautomaticmonitoringequipmentandmonitoringdatanetworkingequipment,andentruststhequalifiedthird-partymonitoringunittocarryoutthe“threewastes”projectmonitoring.Allself-monitoringplanresultswillbereportedanddisclosedonpublicplatformsonaperiodicbasis.Inthecaseofnormalproduction,theresultswillbeupdatedonadailybasis,withonlinemonitoringdataaredisclosedinrealtime,ormanualmonitoringdataonamonthlyandquarterlybasisaredisclosedeverytwohours.
2.BoluoKonkaandBoluoKonkaPrecisionInaccordancewiththerequirementsoftheenvironmentalprotectionadministration,BoluoKonkaandBoluoKonkaPrecisionattachgreatimportancetoenvironmentalmonitoringmanagement.Thus,pursuanttotheMeasuresforSelf-MonitoringandInformationDisclosureofNationalKeyMonitoredEnterprisesandrequirementsoftheenvironmentalimpactassessment,theyhaveformulatedtheEnvironmentalSelf-MonitoringPlanandreportedtotheMunicipalEnvironmentProtectionBureauforapprovalandrecord.Meanwhile,thePHandflowrateofwastewaterdischargeareautomaticallymonitoredinrealtime,andthepollutantssuchasCOD,ammonianitrogenandtotalphosphorusareautomaticallymonitoredonlineeverytwohours.Furthermore,theyentrustthequalifiedthird-partyonlinemonitoringequipmentoperationandmaintenanceinstitutetocarryoutperiodicmaintenanceonautomaticmonitoringequipmentandmonitoringdatanetworkingequipment,andandentrustthequalifiedthird-partymonitoringunittocarryoutthe"threewastes"projectmonitoring,inlinewiththenewlyreleasednationalpollutantdischargepermitandthecorporateself-monitoringplansthathavebeenfiled.Allself-monitoringplanresultswillbereportedanddisclosedonpublicplatformsonaperiodicbasis.Inthecaseofnormalproduction,theresultswillbeupdatedonadailybasis,withonlinemonitoringdataaredisclosedinrealtime,ormanualmonitoringdataonamonthlyandquarterlybasisaredisclosedeverytwohours.Contingencyplanforemergentenvironmentalincident
1.XingDaHongYeInstrictaccordancewithrequirementsoflaws,regulationsandrelevantdocuments,suchasLawofthePeople’sRepublicofChinaonEmergencyResponseandInterimMeasuresonEnvironmentalEmergencyResponsePlan,GuangdongXingdaHongyeElectronicsCo.,Ltd.hasestablishedriskpreventionmeasuresandemergencyresponseplans,keptitsemergencyequipmentinanormalstate,formulatedtheContingencyPlanforEmergentEnvironmentalIncident,andputonrecordsat
KonkaGroupCo.,Ltd.AnnualReport2023
ZhongshanEnvironmentalProtectionBureau,GuangdongProvince,recordNo.:4420002017044M.Inaddition,theCompanyconductsadrillofmajorenvironmentalpollutionincidentonitsfactorytoenhanceitsemergencyresponsecapabilitiesforemergentenvironmentalpollutionincidents.Furthermore,GuangdongXingdaHongyeElectronicsCo.,Ltd.hasbuiltanemergencypool(600m
,undergroundpoolofsewagetreatmentstation)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(500m3,underthegroundofthesewagetreatmentstation)andafirefightingreservoir(300m3,locatedbesidethestaffdormitorybuilding).Intheeventofanunexpectedenvironmentalincident,suchasleakageorfailureofawastewatertransportingpipe,theemergencyresponsepoolwillpreventanyaccidentofindustrialwastewater;intheeventofafiresafetyaccident,thefirefightingreservoirwillbeputintouse.Alldepartmentsarerequiredtodischargepollutants
KonkaGroupCo.,Ltd.AnnualReport2023
strictlyinaccordancewithpollutantdischargestandardstoreducethecostsofwastewatertreatmentbyproperlyandreasonablydividingsolutionandwastewaterdischargedfromtheplants.Thechemicalwarehousesaremanagedbydesignatedpersonnel,withstandardcontrolandrequirementsovertheloadingandunloadingofchemicalproductsbysuppliers.Intermsofemergencyresponsesupplies,afullsetofemergencyrescuetoolsareprepared,includinggasmasks,acidandalkalineresistantboots,gloves,goggles,safetyropes,helmets,firesandandsubmersiblepumps.InputinenvironmentalgovernanceandprotectionandpaymentofenvironmentalprotectiontaxIn2023,nearlyRMB58millionwasinputinenvironmentalgovernanceandprotectionandRMB77,700ofenvironmentalprotectiontaxwaspaidintotal.MeasurestakentodecreasecarbonemissionintheReportingPeriodandcorrespondingeffects
□Applicable√NotapplicableNoadministrativepunishmentswerereceivedintheReportingPeriodduetoenvironmentalissues.
Subsidiary | Reasonforpunishment | Violations | Penaltyresults | Impactofproductionandoperation | Rectificationmeasures |
JiangxiHighTransparentSubstrateMaterialTechnologyCo.,Ltd. | Projectsunderconstructionnotsubmittedforapprovalasrequired | Failuretocompletetheenvironmentalimpactassessmentapprovalasrequiredbytheenvironmentalimpactassessmentmanagementmethod. | AfineofRMB0.4334million | Therelevantproductionlineshavebeenshutdown | Therelevantproductionlineshavebeenshutdown |
Otherenvironmentalinformationthatshouldbedisclosed
1.XingDaHongYeTheenvironmentalprotectioninvestmentofGuangdongXingdaHongyeElectronicsCo.,Ltd.for2023wasapproximatelyRMB18million,mainlyusedforthedepreciationinEnvironmentalgovernanceequipmentandfacilities,treatmentofsewage,wastegasandsolidwaste,aswellasthemaintenanceandupgradingofenvironmentalprotectionequipment.
2.BoluoKonkaandBoluoKonkaPrecisionTheenvironmentalprotectioninvestmentofBoluoKonkaandBoluoKonkaPrecisionfor2023wasapproximatelyRMB40million,ofwhich,RMB13millionwasusedfordailytreatmentofsewageandwastegasandfacilitymaintenance,RMB25millionwasusedforextensionofsewage
KonkaGroupCo.,Ltd.AnnualReport2023
treatmentstation(ofnewsupportingplant)andRMB2millionwasusedforconstructingthewastegasexhausttowerofthenewplant.OtherEnvironmentalInformationAccordingtotheexaminationbytheCompany,theCompanyanditsotherholdingsubsidiariesarenotkeypollutantunits.Allhavefaithfullyimplementedthelawsandregulationsrelatedtoenvironmentalprotection,suchasEnvironmentalProtectionLawofthePeople'sRepublicofChina,WaterPollutionPreventionandControlLawofthePeople'sRepublicofChina,LawofthePeople'sRepublicofChinaonthePreventionandControlofAtmosphericPollution,LawofthePeople'sRepublicofChinaonPreventionandControlofPollutionFromEnvironmentalNoise,LawofthePeople'sRepublicofChinaonthePreventionandControlofEnvironmentalPollutionbySolidWasteinthedailyproductionandoperation.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.Nodamagesuponrightsofcreditors
KonkaGroupCo.,Ltd.AnnualReport2023
happened.
2.TheCompanyperformsresponsibilitiestosuppliersandcustomers
(1)Itisdevotedtoimprovecustomerservicequality.TheCompanyisinsistingphilosophyofcustomerorientationtostrengthencustomerservicemanagement,serviceconsciousnessforemployees,servicelevelsandtoprotectrightsforcustomers.Throughcustomerservicehot-line,fieldvisitandfollow-upservice,theCompanyhassetagoodcorporateimageforcustomers.
(2)BehonesttosuppliersFollowingtheprincipleofintegrityandmutuallybeneficialcooperation,theCompanykeepsgoodcooperativerelationswithsuppliersateachlevel.Thecorporateprincipleisopen,fairandimpartialtostandardizeprocurement,protectsuppliers’legalrightsandlaysolidfoundationforfurthercooperation.
3.BeenthusiastictosocialandpublicwelfareundertakingsBasedontheprincipleofappreciatingandrepayingthesociety,theCompanyhasparticipatedinallkindsofactivitiesforpublicwelfare,cooperatedwithsociety,undertakensocialresponsibilitiesactivelyandpromotedharmoniousdevelopmentbetweenenterpriseandsociety.
4.BeresponsibleforemployeesTheCompanyinsiststheprincipleofpeopleorientationtoimproveworkingenvironment,promoteoccupationalskills,provideopportunityandplatformfordevelopmentandgrowthandencourageselfupgradationandrealizationforemployees.Mutualimprovementforemployeesandenterprisecouldbeachieved.
(1)Behonestandlaw-abidingtoprotectlegalrightsforemployeesTheCompanywouldstrictlycomplywithlawsandregulationsinLaborLawandLaborContractLawtosignlaborcontractwithemployeeswithfairtreatmentinemployment,payment,promotion,training,demissionandretirement.Also,theCompanywouldpayallkindsofinsurancesandhousingfundforemployees.Regularphysicalexaminationwouldbeorganizedforeachyear.Anyproblemsfoundwouldrequirere-examinationandconsultationfromadoctor.TheCompanywouldimprovelivingquality;enhancecohesiveforceandsenseofbelongingsthroughaseriesofsafeguardmeasures.
(2)Toprotectoccupationalhealthforemployees
KonkaGroupCo.,Ltd.AnnualReport2023
TheCompanywouldestablishandperfecttraining,safetyassessmentbysecuritysystemtoguaranteethesafetyandoccupationalhealthforemployees.Ontheotherhand,bypromotionoftheimportanceofsafety,safetyawarenesswouldberootedinthehearttomakeallemployeesabidebysafetystandardsandfullyplaysubjectiveinitiativeinprotectingself-occupationalsafetyandproductionsafety.
(3)TopromoteoccupationalskillsbydiversifiedprofessionaltrainingTheCompanyhasalwayspaidgreatattentionondiversifiedtrainingforemployees.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.IIIConsolidationandExpansionofPovertyAlleviationOutcomes,andRuralRevitalizationIn2023,theCompanycontinuedtoactivelypurchasetheagriculturalandsidelineproductsfromTianzhuandSansuicountiesinGuizhouProvinceunderthe"assistancebyconsumption"project.Thetotalamountspentonthisprojectin2023amountedtoRMB67,800.TheCompanyhelddonationceremoniesfor"one-on-one"pairingassistancewithstudentsfromChengguanThirdPrimarySchoolinSansuiCounty,andforaestheticeducationclassrooms.Atotalof100Konka"dreampartners"donatedasumofRMB328,000.InOctober2023,theCompanypaidvisitstothe
KonkaGroupCo.,Ltd.AnnualReport2023
studentsreceivingassistance.RepresentativesoftheCompany'sassistanceteamengagedin"hand-in-hand,face-to-face,andheart-to-heart"conversationswiththestudents,providingthemwitheconomicaidandmaterialsupporttoensuretheirbasiclivingneedsweremet.
KonkaGroupCo.,Ltd.AnnualReport2023
PartVISignificantEvents
IFulfillmentofCommitments
1.CommitmentsoftheCompany’sDeFactoController,Shareholders,RelatedPartiesandAcquirers,aswellastheCompanyItselfandOtherEntitiesFulfilledintheReportingPeriodorOngoingatthePeriod-End
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.WherethereHadBeenanEarningsForecastforanAssetorProjectandtheReportingPeriodWasstillwithintheForecastPeriod,ExplainwhytheForecastHasBeenReachedfortheReportingPeriod.
□Applicable√NotapplicableIIOccupationoftheCompany’sCapitalbytheControllingShareholderoranyofItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IIIIrregularitiesintheProvisionofGuarantees
□Applicable√Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2023
NosuchcasesintheReportingPeriod.IVExplanationsGivenbytheBoardofDirectorsRegardingtheLatest“ModifiedOpinion”ontheFinancialStatements
□Applicable√NotapplicableVExplanationsGivenbytheBoardofDirectors,theSupervisoryBoardandtheIndependentDirectors(ifany)RegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsoftheReportingPeriod
□Applicable√NotapplicableVIYoYChangestoAccountingPolicies,EstimatesorCorrectionofMaterialAccountingErrors
√Applicable□NotapplicableOn30November2022,theMinistryofFinanceissuedInterpretationNo.16fortheAccountingStandardsforBusinessEnterprises,whichstipulatesthe“accountingtreatmentsfordeferredincometaxesassociatedwithassetsandliabilitiesarisingfromasingletransactiontowhichtheinitialrecognitionexemptiondoesnotapply”,effectivefortheCompanyasof1January2023.Forleaseliabilitiesandright-of-useassetsrecognisedatthebeginningoftheearliestperiodoffinancialstatementpresentationinwhichtheprovisionisfirstimplementedthatgiverisetotaxabletemporarydifferencesanddeductibletemporarydifferencesasaresultofasingletransactiontowhichtheprovisionapplies,theCompanyhasadjustedthecumulativeeffecttoretainedearningsatthebeginningoftheearliestperiodoffinancialstatementpresentationandotherrelevantfinancialstatementitemsinaccordancewiththesaidprovisionandAccountingStandardNo.18forBusinessEnterprises—IncomeTax.VIIYoYChangestotheScopeoftheConsolidatedFinancialStatements
√Applicable□NotapplicablePleasereferto6.ChangesintheScopeofConsolidatedFinancialStatementsfortheReportingPeriodof2.RevenueandCostsofIVCoreBusinessAnalysisinPartIIIOperatingPerformanceDiscussionandAnalysisofthisReportfordetails.VIIIEngagementandDisengagementofIndependentAuditorCurrentindependentauditor
Nameofthedomesticindependentauditor | ShineWingCertifiedPublicAccountantsLLP |
TheCompany’spaymenttothedomesticindependentauditor(RMB’0,000) | 220 |
KonkaGroupCo.,Ltd.AnnualReport2023
HowmanyconsecutiveyearsthedomesticindependentauditorhasprovidedauditservicefortheCompany | 5years |
Namesofthecertifiedpublicaccountantsfromthedomesticindependentauditorwritingsignaturesontheauditor’sreport | TangQimei,LiuLihong |
HowmanyconsecutiveyearsthecertifiedpublicaccountantshaveprovidedauditservicefortheCompany | 3years,2years |
Nameoftheoverseasindependentauditor(ifany) | N/A |
TheCompany’spaymenttotheoverseasindependentauditor(RMB’0,000)(ifany) | 0 |
HowmanyconsecutiveyearstheoverseasindependentauditorhasprovidedauditservicefortheCompany(ifany) | N/A |
Namesofthecertifiedpublicaccountantsfromtheoverseasindependentauditorwritingsignaturesontheauditor’sreport(ifany) | N/A |
HowmanyconsecutiveyearsthecertifiedpublicaccountantshaveprovidedauditservicefortheCompany(ifany) | N/A |
IndicatebytickmarkwhethertheindependentauditorwaschangedfortheReportingPeriod
□Yes√NoIndependentauditor,financialadvisororsponsorengagedfortheauditofinternalcontrols:
√Applicable□NotapplicableTheCompanyappointedShineWingCertifiedPublicAccountantsLLPastheinternalcontrolauditorin2023withRMB0.7million(tax-exclusive)ofpaymentfortheinternalcontrolaudit.IXPossibilityofDelistingafterDisclosureofthisReport
□Applicable√NotapplicableXInsolvencyandReorganization
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIMajorLegalMatters
√Applicable□Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2023
Generalinformation | Involvedamount(RMB’0,000) | Provision | Progress | Decisionsandeffects | Executionofdecisions | Disclosuredate | Indextodisclosedinformation |
SinceJiangxiXinxinJiananEngineeringCo.,Ltd.(hereinafterreferredtoas"JiangxiXinxin"),JiangxiShiningStoneTechnologyDevelopmentCompanyLimited(hereinafterreferredtoas"JiangxiShiningStone"),JiangxiZhongyiDecorativeMaterialsCo.,Ltd.(hereinafterreferredtoas"JiangxiZhongyi")failedtorepaytheloananditsinteresttoJiangxiBranchofChinaGreatWallAssetManagementCo.,Ltd.(hereinafterreferredtoas“JiangxiBranchofGreatWallAsset”)whosuedthecourtforajudgmenttorepaytheloanofRMB300million,defaultpenaltyofRMB108,000andinterestofRMB13.65million,andatthesametime,nineguarantorsincludingJiangxiKangjia,XinfengMicrocrystallineandNanoMicrocrystallinewererequestedtoundertakejointandseveralliabilityguarantee. | 31,375.8 | No | Thecaseisreheardandinthesecondinstance. | Thecaseisreheardandinthesecondinstance. | Thecaseisintrial | 25June2019 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedDalianJinshundaMaterialsRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | 9,383.08 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisintrial | 19September2020 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjia,suedDalianXinjieRenewableResourcesCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | 9,383.08 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisintrial | 19September2020 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,Konka | 2,307.9 | No | Thecaseisreheardandinthe | Thecaseisreheardandinthefirstinstance. | Thecaseis | 19September | http://www.cninfo.c |
KonkaGroupCo.,Ltd.AnnualReport2023
Huanjia,suedDalianTianxingRenewableResourcesCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | firstinstance. | Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | intrial | 2020 | om.cn/new/index | ||
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHuanjiaMingtai(Dalian)RenewableResourcesCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | 3,302.64 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisintrial | 19September2020 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedLankaoShunjiaRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | 3,358.8 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisintrial | 19September2020 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHenanShunhenghuiRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | 3,337.29 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisintrial | 19September2020 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHenanJiaxinRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturn | 3,358.08 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairment | Thecaseisintrial | 19September2020 | http://www.cninfo.com.cn/new/index |
KonkaGroupCo.,Ltd.AnnualReport2023
prepaymentandpayliquidateddamages. | reservesinaccordancewithaccountingpolicies. | ||||||
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHenanShengxiangRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | 2,922 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisintrial | 19September2020 | http://www.cninfo.com.cn/new/index |
AsthebillsheldbytheCompanyfailedtobepaiduponmaturity,theCompanyfiledalawsuitwiththecourt,requestingthelattertoorderWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.topaytheaforesaidbillsandcorrespondinginteresttotheCompany. | 20,000 | No | Thecaseisretiredandispending. | Thecaseisretiredandispending.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisintrial | 19September2020 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,DongguanKonkaElectronicCo.,Ltd.filedalawsuitwithShenzhenNanshanDistrictPeople'sCourt,requestingthelattertoorderDongGuanGaoNengPolymerLimitedCompany,WangDong,ShenzhenXinlianXingyaoTradingCo.,Ltd.,ShenzhenJinchuanQianchaoNetworkTechnologyCo.,Ltd.,PuningJunlongTradingCo.,Ltd.,HuangZhihaotopaytheoverduepaymentandcorrespondingliquidateddamages. | 9,010.1 | No | Thecaseisinexecution. | TheCompanywonandthecaseisinexecution.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisinexecution. | 1June2021 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedZhejiangJiadeRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | 3,562.89 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisintrial | 1June2021 | http://www.cninfo.com.cn/new/index |
KonkaGroupCo.,Ltd.AnnualReport2023
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedZhejiangZhijieRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | 3,562.89 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisintrial | 1June2021 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedZhejiangXinkaiRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | 3,562.89 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisintrial | 1June2021 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHenanHuanjiaTrustEnvironmentalProtectionTechnologyCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | 3,358.8 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisintrial | 1June2021 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHenanXinchengRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | 3,358.8 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thecaseisintrial | 1June2021 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedHenanGuozhengEnvironmental | 2,090 | No | Thecaseisreheardandinthefirstinstance. | Thecaseisreheardandinthefirstinstance.Basedontheprincipleofprudence,the | Thecaseisintrial | 1June2021 | http://www.cninfo.com.cn/new/in |
KonkaGroupCo.,Ltd.AnnualReport2023
TechnologyCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyinandWangRenping,requiringthemtoreturnprepaymentandpayliquidateddamages. | Companyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | dex | |||||
Becauseofadisputeoveratrustcontract,theCompany’ssubsidiary,HenanFrestecRefrigerationApplianceCo.,Ltd.suedShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,ShantouMeisenTechnologyCo.,Ltd.,LinYuanqin,HuangRuirong,ChuangfuCommerce&TradePlazaRealEstateDevelopment(Huizhou)Co.,Ltd.,requiringanordertoterminatethecontract,andthemreturnthepaymentforgoods,payliquidateddamagesandgiveprioritytothemortgagedproperty. | 4,211.33 | No | Thecasehasenteredtheexecutionphase. | TheCompanywonandthecaseisinexecution. | Thecaseisinexecution. | 1December2021 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoveratrustcontract,theCompany’ssubsidiary,HainanKonkaMaterialTechnologyCo.,Ltd.suedShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,ShantouMeisenTechnologyCo.,Ltd.,JiangsuEastChinaHardwareCityCo.,Ltd.,requiringanordertoterminatethecontract,andthemreturnthepaymentforgoods,payliquidateddamagesandgiveprioritytothemortgagedproperty. | 6,806.6 | No | Thecasehasenteredtheexecutionphase. | TheCompanywonandthecaseisinexecution. | Thecaseisinexecution. | 1December2021 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverrepurchase,theCompanysuedLuoZaotong,LuoJingxia,LuoZongyin,LuoZongwuandShenzhenYaodeTechnologyCo.,Ltd.,requiringanordertopaythesharerepurchaseandinterests. | 24,875.22 | No | Thecasehasenteredtheexecutionphase. | TheCompanywonandthecaseisinexecution. | Thecaseisinexecution. | 1December2021 | http://www.cninfo.com.cn/new/index |
Note:CourtsorarbitrationbodiesruledinfavoroftheCompanyinthefollowingcaseswhicharecurrentlyunderenforcement.DetailsofthesecasescanbefoundintheCompany'sAnnouncementonLargeAmountPendingLawsuitsandArbitrationsdisclosedon25June2019(AnnouncementNo.2019-63),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon19September2020(AnnouncementNo.2020-97),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon1June2021(AnnouncementNo.2021-48),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon1December2021(AnnouncementNo.2021-101),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon24November2022(AnnouncementNo.2022-89),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon1June2023(AnnouncementNo.2023-37),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon22June2023(AnnouncementNo.2023-39)andtheCompany'speriodicreports:1.Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestChinaEnergyElectricFuelCo.,Ltd.,ChinaEnergy(Shanghai)EnterpriseCo.,Ltd..,ShanghaiNengpingindustrialCo.,Ltd.,andShenzhenQianhaiBaoyingFactoringCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany;2.Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestShanghaiHuaxinInternationalGroupCo.,Ltd.andTianjinInternationalTradePetrochemicalCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany;3.Asmaturednoteswerefailedtobe
KonkaGroupCo.,Ltd.AnnualReport2023
accepted,theCompanyhasfiledalawsuitwiththecourttorequestShanghaiHuaxinInternationalGroupCo.,Ltd.QingdaoBondedZhongsheInternationalTradingCo.,Ltd.andShenzhenQianhaiBenniuAgriculturalTechnologyCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany;4.Asaconsequenceofthenon-paymentofabilluponitsexpiry,KongkaFactoringhasinstitutedlegalproceedingsbeforethecourt.ThelawsuitseeksaninjunctiveordermandatingTaheGroupCo.,Ltd.,FuzhouTaijiaIndustrialCo.,Ltd.,andXiamenLianchuangMicroelectronicsCo.,Ltd.toremitpaymentforthebillamount,alongwiththecorrespondinginterest,toKongkaFactoring.;5.Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestHefeiHuajunTradingCo.,Ltd.andWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany;6.Duetodisputearisenfromalogisticscontract,theCompany’ssubsidiaryAnhuiKonkafiledalawsuittorequestthefreightforwarderShanghaiTriangleLinkLogisticsCo.,Ltd.ShenzhenBranchtomakecompensation;7.Duetocontractdispute,theCompany’ssubsidiaryShenzhenNianhuaappliedforarbitrationtorequesttherespondentFangXianglongandJiangYantomakecompensationforcorrespondingannualprofitandfundpossessioncost;8.Duetopaymentdispute,theCompany’ssubsidiaryHongKongKonkaappliedforanarbitrationtoShenzhenCourtofInternationalArbitrationtorequesttherespondentMakenaElectronic(HongKong)topayforgoodsandliquidateddamages;9.Becauseofadisputeovercapitalincrease,theCompany'ssubsidiary,ShenzhenKonkaInvestmentHoldingCo.,Ltd.,appliedforarbitrationwiththeShenzhenCourtofInternationalArbitration(SCIA),requestingtherespondents,ElionResourcesGroupandElionEcologicalCo.,Ltd.,toperformtherepurchaseobligation;10.Asaresultofadisputestemmingfromaninternationalsaleofgoodscontract,AnhuiKonkaElectronicCo.,Ltd.,asubsidiaryoftheCompany,hasinitiatedlegalproceedingsagainstMaoxinyuanElectronics(HongKong)Co.,Ltd.Thelawsuitseeksaninjunctiveordercompellingtherespondenttopaytheapplicanttheoverduepaymentinterestlosses;11.Asaresultofadisputearisingfromaninternationalsaleofgoodscontract,AnhuiKangzhiTradeCo.,Ltd.,asubsidiaryoftheCompany,hasinitiatedlegalproceedingsagainstB<ECHNOLOGYCO.,LIMITED.Thelawsuitseeksaninjunctiveordercompellingtherespondenttopaythepurchaseprice,aswellasanypenaltiesforbreachofcontract.12.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedDalianGuangxinEnvironmentalProtectionEquipmentTechnologyDevelopmentCo.,Ltd.,requiringthelattertoreturnequipmentpaymentalreadymadeandpayliquidateddamages.13.Becauseofadisputeoveracontract,theCompanyfiledalawsuitwithZhengzouIntermediatePeople'sCourt,requiringHenanRadioandTelevisionNetworkCo.,Ltd.totakedeliveryofgoods,makepaymentforgoods,andpayinterestandliquidateddamagesaccordingtothecontract.14.Asaresultofcontractualdisputes,ShenzhenKonkaUnifortuneTechnologyCo.,Ltd.,asubsidiaryoftheCompany,hasinitiatedlegalproceedingsagainstShenzhenYaodeTechnologyCo.,Ltd.,DongshengXinluoTechnology(Shenzhen)Co.,Ltd.,ShenzhenHongyaoDingshengInvestmentManagementLimitedPartnership,ShenzhenXiangruiYingtongInvestmentManagementLimitedPartnership,LuoJingxia,LuoZongwu,LuoZongyin,LuoZaotong,andLuoSaiyin,seekingrestitutionforgoodsreceivedandclaimingdamagesforbreachofcontract.15.OnaccountoftheinfringementoftheCompany’strademarkrightsandthepracticeofunfaircompetition,alawsuithasbeeninstitutedbytheCompanyagainstXinshangElectronicsCo.,Ltd.,locatedinFu’anCity,aswellasFujianZhaoguanIndustryandTradeCo.,Ltd.,JinhuaKangjiaMedicalEquipmentFactory,andWangJun,seekinganinjunctiveordertohalttheinfringement,andclaimingcompensationforanyincurredlosses.16.Duetothedisputeovertheentrustmentcontract,AnhuiKangjiaElectronicsCo.,Ltd.,asubsidiaryofthecompany,suedShenzhenMeisenPlasticElectronicsCo.,Ltd.,ShantouMeisenTechnologyCo.,Ltd.,LinYuanqin,HuangRuirongandJiangsuHuadongHardwareCityCo.,Ltd.,askingforanordertoterminatethecontract,returnthepaymentforgoodsandpayliquidateddamages,andgiveprioritytothemortgageproperty.Thecaseisbeingexecuted;17,Duetothecontractdispute,theCompany'ssubsidiaryAnhuiKangjiaElectronicsCo.,Ltd.suedShantouMeisenTechnologyCo.,Ltd.,ShenzhenMeisenSourcePlasticElectronicsCo.,Ltd.,LinYuanqin,HuangRuirong,JiangsuHuadongHardwareCityCo.,Ltd.,requiringtheordertoterminatethecontract,thedefendanttoreturnthepaymentandpayliquidateddamages,themortgagepropertyprioritycompensation,thecaseisbeingexecuted;18.Duetothedisputeovertheloancontract,theCompanysuedYantaiKangyueInvestmentCo.,Ltd.,requiringthedefendanttorepaytheloanandinterest,andthecaseisbeingexecuted.19.Duetothedisputeovertheguaranteecontract,AnhuiKonkaElectronicsCo.,Ltd.,asubsidiaryoftheCompany,suedMaoxinyuanElectronics(Shenzhen)Co.,Ltd.,requestingthedefendanttoassumejointandseveralguaranteeliabilityfortheplaintiff,andthecaseisbeingexecuted;20.Duetothesharebuybackdispute,theCompany'ssubsidiaryShenzhenNianhuaEnterpriseManagementCo.,Ltd.suedFangXianglongandJiangYantobuybacktheshareandpaythebuybackprice,andthecaseisbeingexecuted.21.Duetothedisputeoverthesalescontract,SichuanKangjiaIntelligentTerminalTechnologyCo.,Ltd.,asubsidiaryoftheCompany,suedShenzhenJunxingCommunicationTechnologyCo.,Ltd.,ShenzhenHongxingFengdaIndustrialDevelopmentCo.,Ltd.,ShenzhenJunxingJunyeElectronicsCo.,Ltd.,LiuyangHuaichuanHeyuanVillaCo.,Ltd.,ZengJiankaiandZhongYuhua,demandingpaymentofgoodsandliquidateddamages.Thecaseisbeingexecuted.22.Duetocontractdisputes,HongKongKonka
KonkaGroupCo.,Ltd.AnnualReport2023
CommunicationTechnologyCo.,Ltd.,asubsidiaryoftheCompany,suedHongKongJunxingElectronicsInternationalCo.,Ltd.,ZengJiankaiandZhongYuhua,demandingpaymentofgoodsandliquidateddamages,andthecaseisbeingexecuted.Thefollowingcaseshavebeendisclosedincurrentannouncementsandperiodicreportsandarecurrentlyintrial.DetailsofthesecasescanbefoundintheCompany'sAnnouncementonLargeAmountPendingLawsuitsandArbitrationsdisclosedon25June2019(AnnouncementNo.2020-97)andtheAnnouncementonAccumulatedLawsuitsandArbitrationsdisclosedon1June2021(AnnouncementNo.2021-48)andtheAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon1December2021(AnnouncementNo.2021-101),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon24November2022(AnnouncementNo.2022-89),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon1June2023(AnnouncementNo.2023-37),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon22June2023(AnnouncementNo.2023-39)andtheCompany'speriodicreports:1.ThecustomerofHongKongKonka,H-BUSTERSAOPAULOINDUSTRIAECOMERCIOS.A(Brazil)wasinsolvent,andobtainedtheapprovalofthejudicialreorganizationapplicationofCotiaThirdCivilCourtoftheCourtofSaoPaulo,BrazilinMay2013.AsthecreditorofH-BUSTER,HongKongKonkafiledthedebtdeclarationdocuments,andinAugust2014,theamountconfirmedofdebtwasUSD2.78million.2.Becauseofadisputeoveranagencyagreement,theCompany'ssubsidiary,HenanFrestecRefrigerationApplianceCo.,Ltd.,suedShantouMeisenTechnologyCo.,Ltd.,ShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,LinYuanqin,HuangRuirong,JiangsuHuadongHardwareZoneCo.,Ltd.,andChuangfuCommerce&TradePlazaRealEstateDevelopment(Huizhou)Co.,Ltd.,requestingtoterminatethecontractandrequestingthemtoreturnthepaymentofgoodsandliquidateddamagesandpriorityshallbegiventothepaymentforthesecuredassets,andthecasewasheardinthesecondtrial;3.Inviewofadisputearisingfromacommissioncontract,ShenzhenKonkaPengrunTechnology&IndustryCo.,Ltd.,asubsidiaryoftheCompany,hasinstitutedlegalproceedingsagainstGuang’anOuchishiElectronicTechnologyCo.,Ltd.,GuanHongshao,HuayingGaokeDeElectronicTechnologyCo.,Ltd.,HuayingGaokeLongElectronicTechnologyCo.,Ltd.,GuizhouJiaguidaTechnologyCo.,Ltd.,SichuanHongrongyuanPropertyCo.,Ltd.,DuXinyu,LinBolong,andWangShisheng,seekinganorderforthedefendantstopaythepurchasepriceandclaimingdamagesforbreachofcontract;4.Duetoadisputearisingfromaguaranteecontract,HongKongKonkaLimited,asubsidiaryoftheCompany,hasinitiatedlegalproceedingsagainstXuXiang,ZhengBaoyao,KeHanhua,andShenzhenJinzhongIndustryCo.,Ltd.,seekinganorderforthedefendantstoassumeguaranteeliability,andthecasehasbeenclosed;5Asaresultofadisputearisingfromaninternationalsaleofgoodscontract,JiaxinTechnologyCo.,Ltd.,asubsidiaryoftheCompany,hasinitiatedlegalproceedingsagainstDingxinElectronicTechnology(HongKong)Co.,Ltd.,ChenWenhuan,andChenBaohong,seekinganorderforthedefendantstopayforthegoodsandclaimingdamagesforbreachofcontract;6.Duetoadisputearisingfromaninstallmentpurchasecontract,WuRonghasinstitutedlegalproceedingsagainsttheCompanyanditssubsidiary,ShenzhenKonkaElectronicsTechnologyCo.,Ltd.,seekinganorderforthepaymentofthepurchasepriceandoverduepaymentinteresttotheplaintiff,andthecaseisbeingheardinthesecondinstance;7.Asaresultofadisputearisingfromacontract,ShenzhenOrientalEntrepreneurshipInvestmentCo.,Ltd.hasinitiatedlegalproceedingsagainsttheCompany,seekinganorderforthepaymentoftherepurchaseamountandclaimingdamagesforbreachofcontract.8.Asaresultofadisputearisingfromathird-partyobjectiontoexecution,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,asubsidiaryoftheCompany,hasinstitutedlegalproceedingsagainstFuxinBankCo.,Ltd.andHuanjiaGroupCo.,Ltd.,seekinganorderfromthecourttoaffirmtheplaintiff’sownershipofthegoodsandtoexcludethedefendant’sexecution,andthecaseisreheardandinthefirstinstance.9.Asaresultofadisputearisingfromathird-partyobjectiontoexecution,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,asubsidiaryoftheCompany,hasinstitutedlegalproceedingsagainstFuxinBankCo.,Ltd.andDalianJinjiaMaterialsRecyclingCo.,Ltd.,seekinganorderfromthecourttoaffirmtheplaintiff’sownershipofthegoodsandtoexcludethedefendant’sexecution,andthecaseisreheardandinthefirstinstance.10.Duetoadisputearisingfromathird-partyobjectiontoexecution,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,asubsidiaryoftheCompany,hasinstitutedlegalproceedingsagainstFuxinBankCo.,Ltd.,DalianJinkaisxuanRenewableResourceAcquisitionChainCo.,Ltd.,DalianYingtaiPaperCo.,Ltd.,DalianZhanhongRenewableResourceRecyclingCo.,Ltd.,andWangJinping,seekinganorderfromthecourttoaffirmtheplaintiff’sownershipofthegoodsandtoexcludethedefendant’sexecution,andthecaseisreheardandinthefirstinstance.11.Duetoacontractualdispute,ShenzhenKonkaUnifortuneTechnologyCo.,Ltd.,asubsidiaryoftheCompany,filedalawsuitagainstShenzhenJunxingCommunicationTechnologyCo.,Ltd.,GumeiElectronics(Hongkong)TechnologyLimited,ShenzhenHongxingfengdaIndustrialDevelopmentCo.,Ltd.,ShenzhenJunxingJunyeElectronicsCo.,Ltd.,ZengJiankai,ZhangZhenyu,HerewinTechnologyGroup(HK)Co.,Ltd.,ZhangLixia,AnhuiBaolinIndustrialCo.,Ltd.,ZengQingpeng,andZhongYuhuatoreturnthepaymentforgoodsandpaythecorrespondingliquidateddamages.12.Duetoapurchaseandsalescontract,theCompany’ssubsidiaryKonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.appealedagainstXuJianhuaandGuangxiBGNewMaterialsCo.,Ltd.torequestthecourtto
KonkaGroupCo.,Ltd.AnnualReport2023
refuseXuJianhua'sallclaimsandrequestGuangxiBGNewMaterialsCo.,Ltd.tomakepaymentforgoodsandpayliquidateddamages,andthecaseisreheardandinthefirstinstance.13.Duetoadisputeoveranequitytransferagreement,theCompanyfiledalawsuitagainstBeijingLangruihaotengTechnologyDevelopmentCo.,Ltd.,BeijingBeidaJadeBirdSecuritySystemEngineeringTechnicalCo.,Ltd.,andBeijingJingruihaotengTechnologyDevelopmentCo.,Ltd.,seekingthefinalpaymentoftheequitytransfer,andthecasewaswoninfirstinstance,thejudgmenthasenteredintoforceandtheapplicationforenforcementisinprogress.14.Duetoadisputeoverthecancellationofcreditor'srights,theCompany’ssubsidiaryAnhuiKonkaElectronicCo.,Ltd.filedalawsuitagainstWuRongandMakenaElectronic(Shenzhen)Co.,Ltd.,seekingforthecancellationoftheAgreementontheTransferofCreditor'sRightsandtherelevantsupplementalagreementpreviouslysignedbythedefendants,andthecaseisbeingheardinsecondinstance.15.Duetoapurchaseandsalescontract,SichuanShuwuGuangrunLogisticsCo.,Ltd.filedalawsuitagainsttheCompany’ssubsidiaryDongguanKonkaElectronicCo.,Ltd.,requestingthelattertomakepaymentforgoodsandpayliquidateddamages.
16.Duetoadisputeoverbankruptcy,XinxiangJiahuiDakeluoCraftsProductsCo.,Ltd.filedalawsuitagainsttheCompany’ssubsidiaryHenanFrestecRefrigerationApplianceCo.,Ltd.,requestingaconfirmationthattheperiod-endexcessVATpaidthathadbeenreturnedbythetaxauthoritytothedefendantshouldhavebeenotherpropertiestobedistributed.17.Duetoapurchaseandsalescontractofinternationalgoods,MicroCrystalTransferGroupLtd.filedalawsuitagainsttheCompany’ssubsidiaryChongqingKonkaOptoelectronicTechnologyResearchInstituteCo.,Ltd.,requestingthelattertomakepaymentforgoodsandpayliquidateddamages.18.Duetoacontractualdispute,theCompanyfiledalawsuitagainstZhuXinming,LengSumin,GongqingchengJinzhuanrongInvestmentManagementPartnership(LimitedPartnership),andGongqingchengXinruiInvestmentManagementPartnership(LimitedPartnership),requestingthemtopaytheperformancecompensation.
XIIPunishmentsandRectifications
√Applicable□Notapplicable
Name | Type | Reason | Typeofpunishment | Conclusion(ifany) | Disclosuredate | Disclosureindex |
KonkaGroupCo.,Ltd. | Other | Somepurchaseandsaletransactions,conductedbytheCompany'srelevantsubsidiariesfrom2020to2021,didnothavecommercialsubstance,therecognitionofincomeandcostsofwhichwasshortofevidence.Consequently,financialdatadisclosedinthecorrespondingperiodicreportoftheCompanywereinaccurate. | Chargingcorrection | Therefore,theShenzhenBureauoftheChinaSecuritiesRegulatoryCommission(CSRCShenzhen)decidedtotakearegulatorymeasure,requestingtheCompanytomakeacorrection,inaccordancewithItem1,Article52oftheMeasuresfortheAdministrationofInformationDisclosurebyListedCompaniesandArticle21oftheRulesfortheOn-siteInspectionofListedCompanies(ZH.J.H.G.G.[2022]No.21). | 4January2023 | http://www.cninfo.com.cn/new/index |
KonkaGroupCo.,Ltd.
KonkaGroupCo.,Ltd. | Other | (I)Long-termassetsimpairmenttestswerenotprudent.TheCompany'ssubsidiary,JiangxiKonkaNewMaterialTechnologyCo.,Ltd.,anditsaffiliatedenterprisesdidnotexercisedue | Chargingcorrectionandregulatoryinterview | PursuanttoArticle51andArticle52oftheMeasuresfortheAdministrationofInformationDisclosurebyListedCompanies,andArticle21oftheRulesfortheOn-siteInspectionofListedCompanies(Z.J.H.G.G.[2022]No.21),theShenzhenBureau | 13July2023 |
KonkaGroupCo.,Ltd.AnnualReport2023
diligenceinthelong-termassetsimpairmenttestsfor2021.(II)Informationdisclosurewasnotstandardized.IntheCompany's2022resultsforecast,informationaboutthereasonsfortheyear-on-yeardeclineinrevenuefromconsumerelectronicswasnotcompletelydisclosed.SomeinventoryoftheCompany'srelatedsubsidiarieswasseizedin2019,butsuchlimitationwasnotdisclosedinthefinancialstatements'notesuntilthe2022annualreport. | oftheChinaSecuritiesRegulatoryCommissiondecidedtotakeregulatorymeasures,includingorderingtheCompanytomakecorrectionsandconductingregulatoryinterviewswithrelevantpersonneloftheCompany. |
Informationonrectification
√Applicable□NotapplicableAsoftheendoftheReportingPeriod,theCompanyhadcompletedallremediationtasksinlinewiththerelevantregulatoryrequirements.Fordetails,seetheReportontheRemediationBasedontheCorrectiveMeasuresoftheShenzhenBureauoftheChinaSecuritiesRegulatoryCommissionagainsttheCompany(AnnouncementNo.:2023-09)andtheReportontheRemediationBasedontheCorrectiveMeasuresoftheShenzhenBureauoftheChinaSecuritiesRegulatoryCommissionagainsttheCompany(AnnouncementNo.:2023-51)disclosedbytheCompanyonhttp://www.cninfo.com.cn/new/indexrespectivelyon25February2023and11August2023.XIIICreditQualityoftheCompanyaswellasitsControllingShareholderandDeFactoController
□Applicable√NotapplicableXIVMajorRelated-PartyTransactions
1.ContinuingRelated-PartyTransactions
√Applicable□Notapplicable
Relatedparty | Relationshipwiththe | Typeoftransaction | Specifictransaction | Pricingprinciple | Transactionprice | Totalvalue(RMB’0,000) | As%oftotalvalueofallsame-type | Approvedtransactionline(RMB’0,000 | Overtheapprovedlineornot | Methodofsettlement | Obtainablemarketpriceforsame-type | Disclosuredate | Indextodisclosedinformatio |
KonkaGroupCo.,Ltd.AnnualReport2023
Company | transactions | ) | transactions | n | |||||||||
OCTEnterprisesCo.,Ltdanditssubsidiaries | Underthesameactualcontroller | Purchaseofcommoditiesandservices | Propertymanagement,utilities,officeleases | Negotiatedprice | Marketprice | 11,343.52 | 1.17% | 10,000 | Not | Cash | N/A | 28March2023 | http://www.cninfo.com.cn/new/index |
OCTEnterprisesCo.,Ltdanditssubsidiaries | Underthesameactualcontroller | Salesofgoodsandservices | SaleofTVs,intelligentterminals,etc.andrelevantservices | Negotiatedprice | Marketprice | 7,802.34 | 0.76% | 20,000 | Not | Cash | N/A | 28March2023 | |
Total | -- | -- | 19,145.86 | -- | 30,000 | -- | -- | -- | -- | -- | |||
Large-amountsalesreturnindetail | N/A | ||||||||||||
GivetheactualsituationintheReportingPeriod(ifany)whereanestimatehadbeenmadeforthetotalvalueofcontinuingrelated-partytransactionsbytypetooccurintheReportingPeriod | TheCompanyhaspublishedtheForecastingPublicNoticeonRoutineRelated-partyTransactionforY2023onSecuritiesTimes,ShanghaiSecuritiesNews,andChinaSecuritiesJournalaswellastheInternetwebsitedesignatedbyCSRChttp://http://www.cninfo.com.cn/new/indexon28March2023.IntheReportingPeriod,thebasisforpricing,transactionprice,transactionamountandsettlementmethodsofrawmaterialspurchasedbytheCompanywerebasicallyinaccordancewiththeforecast.ThetotalamountincurredwasRMB191,458,600. | ||||||||||||
Reasonforanysignificantdifferencebetweenthetransactionpriceandthemarketreferenceprice(ifapplicable) | N/A |
2.Related-PartyTransactionsRegardingPurchaseorSalesofAssetsorEquityInterests
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
3.RelatedTransactionsRegardingJointInvestmentsinThirdParties
□Applicable√Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2023
NosuchcasesintheReportingPeriod.
4.CreditsandLiabilitieswithRelatedParties
√Applicable□NotapplicableIndicatebytickmarkwhethertherewereanycreditsandliabilitieswithrelatedpartiesfornon-operatingpurposes.
√Yes□NoNocreditsreceivablewithrelatedpartiesLiabilitiespayabletorelatedparties:
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 | 131,091.00 | 0.00 | 50,000.00 | 3.45% | 4,551.91 | 81,091.00 |
50,000.00 | 0.00 | 0.00 | 3.45% | 1,748.96 | 50,000.00 | |||
70,000.00 | 0.00 | 0.00 | 3.45% | 2,448.54 | 70,000.00 | |||
EffectsofliabilitieswithrelatedpartiesontheCompany’soperatingresultsandfinancialconditions | TheCompanyappliesentrustedloanfromOCTEnterprisesCo.,Ltd.whichmeetstheneedsofthecompany'sexistingbusinessdevelopmentandreducesthefinancingcost. |
5.TransactionswithRelatedFinanceCompanies
□Applicable√NotapplicableTheCompanydidnotmakedepositsin,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedfinancecompanyoranyotherrelatedparties.
6.TransactionswithRelatedPartiesbyFinanceCompaniesControlledbytheCompany
□Applicable√NotapplicableThefinancecompanycontrolledbytheCompanydidnotmakedeposits,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedparties.
7.OtherMajorRelated-PartyTransactions
(1)GuaranteeLimitsforAffiliatedCompanies:The7thmeetingofthe10thBoardofDirectorson24February2023andtheFirstExtraordinaryGeneralMeetingofShareholdersin2023on13
KonkaGroupCo.,Ltd.AnnualReport2023
March2023,passedtheproposalProvidingGuaranteeLimitsforChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd.TheCompanyprovidedacreditguaranteelimitofRMB259.7millionforChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd.accordingtoitsshareholdingproportion,withaguaranteelimitvalidforfourteenyears.ThiscreditguaranteelimitwasusedtoapplyforloansfrombanksbyChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd.OthershareholdersofChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd.willprovideguaranteesforitbasedontheirrespectiveshareholdingproportions,togetherwiththeCompany.
(2)ApplicationforComprehensiveCreditLimitfromChinaEverbrightBankCo.,Ltd.:The7thmeetingofthe10thBoardofDirectorson24February2023,approvedtheproposalApplicationforComprehensiveCreditLimitfromChinaEverbrightBankCo.,Ltd.TheCompanyappliedforacomprehensivecreditlimitnotexceedingRMB1.5billionfromChinaEverbrightBankCo.,Ltd.tomeetitsdailyoperatingcapitalneeds.Duringthereportingperiod,theongoingcreditamountoftheCompanywithChinaEverbrightBankCo.,Ltd.wasRMB1billion.
(3)Counter-guaranteesforBankCreditFacilitiesApplication:The7thmeetingofthe10thBoardofDirectorson24February2023andtheFirstExtraordinaryGeneralMeetingofShareholdersin2023on13March2023,approvedtheproposalProvidingCounter-guaranteesforBankCreditFacilitiesApplicationbytheCompany.Toreducefinancingcosts,OverseasChineseTownHoldingsCompany(OCTGroup)providedaguaranteefortheCompany’sbankcreditfacilitiesapplication,notexceedingRMB1billion.Inturn,theCompanyofferedcounter-guaranteestoOCTGroupofanequalamountandterm,withacounter-guaranteeamountnotexceedingRMB1billion,andaguaranteelimitvalidforamaximumofthreeyears.
(4)TheCompany'snon-publicissuanceofcorporatebondsandtheprovisionofcounter-guaranteestoOCTGroup:Atthe15thmeetingofthe10thBoardofDirectorsheldon10August2023,andthesecondextraordinarygeneralmeetingofshareholdersin2023heldon28August2023,theproposalonPlanforNon-publicIssuanceofCorporateBondsbytheCompanywasdeliberatedandpassed.Toreducefinancingcosts,OCTGroupintendstoprovideafull,unconditional,andirrevocablejointliabilityguaranteefortheCompany'snon-publicissuanceofcorporatebondsnotexceedingRMB2.3billion.Simultaneously,theCompanyplanstoprovideanequivalentandconcurrentcreditcounter-guaranteetoOCTGroup,withthecounter-guaranteeamountnotexceedingRMB2.3billionandtheguaranteeperiodnotexceeding5years.Indextothepublicannouncementsaboutthesaidrelated-partytransactionsdisclosed
Titleofpublicannouncement | Disclosuredate | Disclosurewebsite |
AnnouncementontheProvisionofGuaranteeLineforJointStockCompanyandtheRelated-partyTransaction | 25February2023 | http://www.cninfo.com.cn/new/index |
KonkaGroupCo.,Ltd.AnnualReport2023
AnnouncementontheApplicationtoChinaEverbrightBankforComprehensiveCreditLine&theRelated-partyTransaction | 25February2023 |
AnnouncementontheProvisionofCounter-guaranteefortheApplicationtoBankforCreditLine&theRelated-partyTransaction | 25February2023 |
AnnouncementonPlanforNon-publicIssuanceofCorporateBondsbytheCompanyandProvisionofCounter-GuaranteetoOCTGroup | 11August2023 |
XVMajorContractsandExecutionthereof
1.Entrustment,ContractingandLeases
(1)Entrustment
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(2)Contracting
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(3)Leases
√Applicable□NotapplicableNotetoleasesNosignificantleasesintheReportingPeriod.TherentofKonkaDevelopmentBuildinghasreceivedRMB67,229,722.75intheReportingPeriod.Theprojectbringingaboutgainsorlossesasover10%oftotalprofitintheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.MajorGuarantees
√Applicable□Notapplicable
Unit:RMB'0,000
KonkaGroupCo.,Ltd.AnnualReport2023
Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
EconTechnology | 28April2022 | 50,000 | 30September2022 | 3,747 | Joint-liability | No | Not | Twoyears | Not | Not |
23November2022 | 2,748 | Joint-liability | No | Not | Oneyearandahalf | Not | Not | |||
22May2023 | 1,499 | Joint-liability | No | Not | Oneyear | Not | Not | |||
10May2023 | 3,747 | Joint-liability | No | Not | Oneyear | Not | Not | |||
5July2023 | 4,997 | Joint-liability | No | Not | Oneyear | Not | Not | |||
19July2023 | 2,498 | Joint-liability | No | Not | Oneyear | Not | Not | |||
28August2023 | 999 | Joint-liability | No | Not | Oneyear | Not | Not | |||
29December2023 | 1,374 | Joint-liability | No | Not | Oneyear | Not | Not | |||
28December2023 | 2,498 | Joint-liability | No | Not | Oneyear | Not | Not | |||
FoshanPearlRiverMediaCreativeParkCultureDevelopmentCo.,Ltd. | 28April2022 | 1,372 | 17May2022 | 980 | Joint-liability | No | Not | Sixyears | Not | Not |
JiangxiXinxinJian’anEngineeringCo.,Ltd. | 10,000 | 12December2016 | 10,000 | Joint-liability | No | Not | Not | Not | ||
JiangxiZhongyiDecorationMaterialsCo., | 10,000 | 12December2016 | 10,000 | Joint-liability | No | Not | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2023
Ltd. | |||||||||||||||||||
JiangxiShanshiTechnologicalDevelopmentCo.,Ltd. | 10,000 | 12December2016 | 10,000 | Joint-liability | No | Not | Not | Not | |||||||||||
OCTGroup | 30March2022and25February2023 | 370,000 | 8September2022 | 60,000 | Joint-liability | No | Not | Threeyears | Not | Yes | |||||||||
18October2022 | 60,000 | Joint-liability | No | Not | Threeyears | Not | Yes | ||||||||||||
22September2023 | 50,000 | Joint-liability | No | Not | Threeyears | Not | Yes | ||||||||||||
13December2023 | 30,000 | Joint-liability | No | Not | Threeyears | Not | Yes | ||||||||||||
TotalapprovedlineforsuchguaranteesintheReportingPeriod(A1) | 361,770 | TotalactualamountofsuchguaranteesintheReportingPeriod(A2) | 97,612 | ||||||||||||||||
TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(A3) | 1,083,642 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(A4) | 255,087 | ||||||||||||||||
GuaranteesprovidedbetweentheCompanyandsubsidiaries | |||||||||||||||||||
Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot | |||||||||
AnhuiTongchuang | 25February2023 | 55,000 | 2June2022 | 3,000 | Joint-liability | No | Not | Twoyears | Not | Not | |||||||||
6February2023 | 10,000 | Joint-liability | No | Not | Oneyear | Not | Not | ||||||||||||
14August2023 | 5,000 | Joint-liability | No | Not | Oneyear | Not | Not | ||||||||||||
19October2023 | 10,000 | Joint-liability | No | Not | Oneyear | Not | Not | ||||||||||||
20November2023 | 3,000 | Joint-liability | No | Not | Oneyearandahalf | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2023
BoluoPrecision | 28April2022and25February2023 | 125,000 | 19January2023 | 4,000 | Joint-liability | No | Not | Oneyear | Not | Not |
25August2023 | 4,500 | Joint-liability | No | Not | Threeyears | Not | Not | |||
ElectronicsTechnology | 25February2023 | 100,000 | 24November2022 | 8,500 | Joint-liability | No | Not | Oneyearandahalf | Not | Not |
26September2023 | 50,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||
DongguanKonka | 24March2021and25February2023 | 90,000 | 24March2023 | 5,000 | Joint-liability | No | Not | Oneyear | Not | Not |
23June2021 | 80,000 | Joint-liability | No | Not | Tenyears | Not | Not | |||
JiangxiKonka | 31October2018 | 6,990 | 10March2022 | 990 | Joint-liability | No | OthershareholderofJiangxiKonkaprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Twoyears | Not | Not |
15August2023 | 6,000 | Joint-liability | No | Oneyear | Not | Not | ||||
XinfengMicrocrystalline | 30March2019 | 25,000 | 30June2023 | 7,200 | Joint-liability | No | OthershareholderofXinfengMicrocrystallineprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Oneyear | Not | Not |
JiangxiHighTransparentSubstrate | 30March2019 | 45,000 | 10March2022 | 990 | Joint-liability | No | OthershareholderofJiangxiHighTransparent | Twoyears | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2023
SubstrateprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | ||||||||||
SichuanKonka | 24March2021and25February2023 | 20,000 | 23May2023 | 4,000 | Joint-liability | No | No | Threeyears | Not | Not |
NingboKhrElectricAppliance | 28April2022 | 12,000 | 2March2023 | 6,000 | Joint-liability | No | No | Oneyear | Not | Not |
13July2023 | 6,000 | Joint-liability | No | No | Oneyear | Not | Not | |||
YibinKangrun | 24October2020 | 10,000 | 13November2020 | 10,000 | Joint-liability | No | OthershareholderofYibinKangrunprovidesacounterguaranteefortheCompanyfor33%oftheguaranteeline | Fouryears | Not | Not |
TelecommunicationTechnology | 28April2022 | 20,000 | 23July2023 | 7,500 | Joint-liability | No | No | Oneyear | Not | Not |
AnhuiKonka | 28April2022 | 110,000 | 10August2021 | 10,216 | Joint-liability | No | OthershareholderofAnhuiKonkaprovidesacounterguaranteefortheCompanyfor22%of | Tenyears | Not | Not |
29October2021 | 7,000 | Joint-liability | No | Fiveyears | Not | Not | ||||
24October2022 | 7,000 | Joint-liability | No | Fouryears | Not | Not | ||||
19September2022 | 7,000 | Joint-liability | No | Twoyears | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2023
25June2023 | 5,000 | Joint-liability | No | theguaranteeline | Fiveyears | Not | Not | |||
31August2023 | 5,500 | Joint-liability | No | Oneyear | Not | Not | ||||
22September2023 | 18,000 | Joint-liability | No | Oneyear | Not | Not | ||||
KonkaCircuit | 24March2021 | 50,000 | 14September2022 | 5,000 | Joint-liability | No | No | Oneyearandahalf | Not | Not |
22December2022 | 5,000 | Joint-liability | No | Oneyearandahalf | Not | Not | ||||
19July2023 | 10,000 | Joint-liability | No | Threeandahalfyears | Not | Not | ||||
MobileInterconnection | 28April2022and25February2023 | 15,000 | 10November2023 | 7,000 | Joint-liability | No | No | Oneyear | Not | Not |
LiaoyangKangshun | 24March2021and28April2022 | 20,000 | 6January2023 | 5,000 | Joint-liability | No | No | Oneyear | Not | Not |
KonkaXinyunSemiconductor | 24March2021 | 30,000 | 12July2021 | 20,000 | Joint-liability | No | No | Fiveyears | Not | Not |
26May2022 | 6,000 | Joint-liability | No | No | Twoyears | Not | Not | |||
YibinKonkaIntelligent | 24March2021 | 10,000 | 23May2023 | 980 | Joint-liability | No | No | Oneyear | Not | Not |
ChongqingKonka | 24March2021 | 55,600 | 13December2022 | 38,000 | Joint-liability | No | No | Fifteenyears | Not | Not |
FrestecSmartHome | 28April2022 | 12,240 | 6July2022 | 10,200 | Joint-liability | No | No | Eightyears | Not | Not |
KonkaSoftElectronic | 28April2022 | 19,000 | 19December2022 | 975 | Joint-liability | No | No | Fouryears | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2023
Xi'anKanghongTechnologyIndustryDevelopmentCo.,Ltd. | 25February2023 | 30,000 | 26May2023 | 30,000 | Joint-liability | No | No | Tenyears | Not | Not | |||
TotalapprovedlineforsuchguaranteesintheReportingPeriod(B1) | 275,845 | TotalactualamountofsuchguaranteesintheReportingPeriod(B2) | 209,680 | ||||||||||
TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(B3) | 1,076,885 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(B4) | 429,551 | ||||||||||
Guaranteesprovidedbetweensubsidiaries | |||||||||||||
Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot | |||
N/A | |||||||||||||
TotalapprovedlineforsuchguaranteesintheReportingPeriod(C1) | 1,530 | TotalactualamountofsuchguaranteesintheReportingPeriod(C2) | 0 | ||||||||||
TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(C3) | 1,530 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(C4) | 0 | ||||||||||
Totalguaranteeamount(totalofthethreekindsofguaranteesabove) | |||||||||||||
TotalguaranteelineapprovedintheReportingPeriod(A1+B1+C1) | 639,145 | TotalactualguaranteeamountintheReportingPeriod(A2+B2+C2) | 307,292 | ||||||||||
TotalapprovedguaranteelineattheendoftheReportingPeriod(A3+B3+C3) | 2,162,057 | TotalactualguaranteebalanceattheendoftheReportingPeriod(A4+B4+C4) | 684,638 | ||||||||||
Totalactualguaranteeamount(A4+B4+C4)as%oftheCompany’snetassets | 121% | ||||||||||||
Ofwhich: | |||||||||||||
Balanceofguaranteesprovidedforshareholders,actualcontrollerandtheirrelatedparties(D) | 200,000 | ||||||||||||
Balanceofdebtguaranteesprovideddirectlyorindirectlyforobligorswithanover70%debt/assetratio(E) | 684,638 | ||||||||||||
Amountbywhichthetotalguaranteeamountexceeds50%oftheCompany’snetassets(F) | 402,418 | ||||||||||||
Totalofthethreeamountsabove(D+E+F) | 684,638 |
KonkaGroupCo.,Ltd.AnnualReport2023
JointresponsibilitiespossiblyborneintheReportingPeriodforundueguarantees(ifany) | N/A |
Provisionofexternalguaranteesinbreachoftheprescribedprocedures(ifany) | N/A |
Compoundguarantees:
None
3.CashEntrustedforWealthManagement
(1)CashEntrustedforWealthManagement
√Applicable□NotapplicableOverviewofcashentrustedforwealthmanagementintheReportingPeriod
Unit:RMB’0,000
Type | Fundingsource | Amount | Undueamount | Unrecoveredoverdueamount | Unrecoveredoverdueamountwithprovisionforimpairment |
Trustfinancialproducts | Self-owned | 10,000.00 | 10,000.00 | 0 | 0 |
Total | 10,000.00 | 10,000.00 | 0 | 0 |
High-riskentrustedwealthmanagementwithsignificantsingleamountorlowsecurityandpoorliquidity:
□Applicable√NotapplicableWhetherthereisthecasewheretheprincipalcannotberecoveredatmaturityorothercasewhichmaycauseimpairmentforentrustedwealthmanagement
□Applicable√Notapplicable
(2)EntrustedLoans
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
4.OtherMajorContracts
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XVIOtherSignificantEvents
KonkaGroupCo.,Ltd.AnnualReport2023
√Applicable□Notapplicable(I)Corporatebondsissue:Currently,asforthenon-publicofferingofcorporatebondsofRMB2.3billion,RMB1.5billionofcorporatebondshavebeenissuedon29January2024,andtherestofcorporatebondsofRMB0.8billionhavebeenissedon18March2024.(II)Initiationandestablishmentoffunds:ThetotalscaleoftheOriental-KonkaIndustryM&AFundwasRMB1,001,000,000.ShenzhenKonkaInvestmentHoldingCo.,Ltd.contributedRMB500million,accountingfor49.95%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB487,344,000.ThefundinvestedinJiangxiYahuaElectronicMaterialsCo.,Ltd.,PotronTechnologyCo.,Ltd.,etc.ThetotalscaleoftheKunshan-CITIC-KonkaEmergingIndustryDevelopmentInvestmentFundwasRMB1,006,000,000.ShenzhenKonkaInvestmentHoldingCo.,Ltd.contributedRMB500million,accountingfor49.70%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB195.21million.ThefundinvestedinUNIONTECH,HerculesMicrosystems(HME),etc.ThetotalscaleoftheTongxiangWuzhenJiayuDigitalEconomicIndustryFundwasRMB500million.ShenzhenKonkaInvestmentHoldingCo.,Ltd.contributedRMB200million,accountingfor40%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB200,000,000.ThefundinvestedinFeidiTechnology(Shenzhen)Co.,Ltd.,AllystarTechnology(Shenzhen)Co.,Ltd.,etc.ThetotalscaleofYanchengKangyanIndustryInvestmentFunwasRMB3,000million.ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.contributedRMB1201,500,000,accountingfor40.05%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.havecontributedRMB217.36million.ThefundinvestedinAnhuiZhongdianXingfaandXinlongCo.,Ltd.,ChongqingE2infoTechnologyCo.,Ltd.,etc.ThetotalscaleofYibinKanghuiElectronicInformationIndustryEquityInvestmentFundwasRMB1,002,000,000.ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.contributedRMB401million,accountingfor40.02%ofthetotalunits.Bytheissuancedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB104million.ThefundinvestedinChongqingE2infoTechnologyCo.,Ltd.,etc.ThetotalscaleofChongqingKangxinEquityInvestmentFundwasRMB2billion.ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.contributedRMB1billion,accountingfor50%ofthetotalunits.Bythedateofthisreport,
KonkaGroupCo.,Ltd.AnnualReport2023
ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.havecontributedRMB148,248,300.ThefundinvestedinShanghaiVEIGLOInformationSystemCo.,Ltd.,JiangxiTaideWisdomTechnologyCo.,Ltd.,etc.(III)Disclosureindexofsignificantinformation
AnnouncementNo. | Date | Title | Pageonnewspaper | Websitelink |
2023-01 | 4January2023 | AnnouncementonReceivingtheShenzhenBureauoftheChinaSecuritiesRegulatoryCommission'sDecisiontoTakeCorrectiveMeasuresagainstKonkaGroupCo.,Ltd. | SecuritiesDailyB108,ShanghaiSecuritiesNews116,etc. | http://www.cninfo.com.cn/new/index |
2023-02 | 17January2023 | AnnouncementonResolutionsoftheSixthMeetingoftheTenthBoardofDirectors | SecuritiesDailyB31,ShanghaiSecuritiesNews17,etc. | |
2023-03 | 17January2023 | AnnouncementonProposedSaleofSomeofEquityinChutianDragonCo.,Ltd. | SecuritiesDailyB31,ShanghaiSecuritiesNews17,etc. | |
2023-04 | 17January2023 | AnnouncementonProposedSaleofSomeofEquityinWuhanTianyuanEnvironmentalProtectionCo.,Ltd. | SecuritiesDailyB26,ShanghaiSecuritiesNews17,etc. | |
2023-05 | 18January2023 | AnnouncementonProgressintheProvisionofExternalGuarantee | SecuritiesDailyB75,ShanghaiSecuritiesNews81,etc. | |
2023-06 | 31January2023 | 2022ResultForecast | SecuritiesDailyB143,ShanghaiSecuritiesNews148,etc. | |
2023-07 | 25February2023 | AnnouncementonResolutionsoftheSeventhMeetingoftheTenthBoardofDirectors | SecuritiesDailyB57,ShanghaiSecuritiesNews41,etc. | |
2023-08 | 25February2023 | AnnouncementonResolutionsoftheFourthMeetingoftheTenthBoardofSupervisors | SecuritiesDailyB58,ShanghaiSecuritiesNews41,etc. | |
2023-09 | 25February2023 | ReportontheRemediationBasedontheCorrectiveMeasuresoftheShenzhenBureauoftheChinaSecuritiesRegulatoryCommissionagainsttheCompany | SecuritiesDailyB58,ShanghaiSecuritiesNews41,etc. | |
2023-10 | 25February2023 | AnnouncementonExternalGuarantee | SecuritiesDailyB57,ShanghaiSecuritiesNews41,etc. | |
2023-11 | 25February2023 | AnnouncementonProvidingSecurityLimittoandConductingConnectedTransactionwithShareholdingCompany | SecuritiesDailyB57,ShanghaiSecuritiesNews41,etc. | |
2023-12 | 25February2023 | NoticeonConvening2023FirstExtraordinaryGeneralMeeting | SecuritiesDailyB57,ShanghaiSecuritiesNews41,etc. | |
2023-13 | 25February2023 | AnnouncementonProvidingFinancialAssistancetoShandongEconTechnologyCo.,Ltd.at | SecuritiesDailyB58,ShanghaiSecuritiesNews41,etc. |
KonkaGroupCo.,Ltd.AnnualReport2023
ShareholdingRatio | |||
2023-14 | 25February2023 | AnnouncementonApplyingforaComprehensiveLineofCredittoandConductingConnectedTransactionswithChinaEverbrightBank | SecuritiesDailyB57,ShanghaiSecuritiesNews41,etc. |
2023-15 | 25February2023 | AnnouncementonProvidingCounterGuaranteeandConductingConnectedTransactionforApplyingforBankCreditBusiness | SecuritiesDailyB50,ShanghaiSecuritiesNews41,etc. |
2023-16 | 25February2023 | AnnouncementonProgressofGuaranteeProvisionforWholly-ownedCompany | SecuritiesDailyB58,ShanghaiSecuritiesNews41,etc. |
2023-17 | 14March2023 | AnnouncementonResolutionsof2023FirstExtraordinaryGeneralMeeting | SecuritiesDailyB49,ShanghaiSecuritiesNews41,etc. |
2023-18 | 28March2023 | 2022AnnualReport | SecuritiesDailyB178,ShanghaiSecuritiesNews177,etc. |
2023-19 | 28March2023 | Abstractof2022AnnualReport | SecuritiesDailyB178,ShanghaiSecuritiesNews177,etc. |
2023-20 | 28March2023 | AnnouncementonResolutionsoftheEighthMeetingoftheTenthBoardofDirectors | SecuritiesDailyB178,ShanghaiSecuritiesNews177,etc. |
2023-21 | 28March2023 | AnnouncementonResolutionsoftheFifthMeetingoftheTenthBoardofSupervisors | SecuritiesDailyB178,ShanghaiSecuritiesNews177,etc. |
2023-22 | 28March2023 | AnnouncementonExpectedRoutineConnectedTransactionsin2023 | SecuritiesDailyB178,ShanghaiSecuritiesNews177,etc. |
2023-23 | 28March2023 | AnnouncementonPlanofProfitDistributionfor2022 | SecuritiesDailyB178,ShanghaiSecuritiesNews177,etc. |
2023-24 | 28March2023 | AnnouncementonAccrualofAssetImpairmentReservesfor2022 | SecuritiesDailyB178,ShanghaiSecuritiesNews177,etc. |
2023-25 | 4April2023 | AnnouncementonChangeinAccountingMethodofShareholdingCompany | SecuritiesDailyB90,ShanghaiSecuritiesNews65,etc. |
2023-26 | 4April2023 | AnnouncementonProposedSaleofSomeofEquityinChutianDragonCo.,Ltd. | SecuritiesDailyB90,ShanghaiSecuritiesNews65,etc. |
2023-27 | 4April2023 | AnnouncementonResolutionsoftheNinthMeetingoftheTenthBoardofDirectors | SecuritiesDailyB90,ShanghaiSecuritiesNews65,etc. |
2023-28 | 4April2023 | AnnouncementonHolding2022OnlineResultRelease | SecuritiesDailyB90,ShanghaiSecuritiesNews65,etc. |
2023-29 | 29April2023 | 2023Q1Report | SecuritiesDailyB1204,ShanghaiSecuritiesNews988,etc. |
2023-30 | 29April2023 | AnnouncementonProgressofGuaranteeProvisionforWholly-ownedCompany | SecuritiesDailyB1204,ShanghaiSecuritiesNews988,etc. |
KonkaGroupCo.,Ltd.AnnualReport2023
2023-31 | 29April2023 | AnnouncementonSomeAccountingPolicyChanges | SecuritiesDailyB1204,ShanghaiSecuritiesNews988,etc. |
2023-32 | 13May2023 | AnnouncementonthePostponementofReplytoInquiryLetteron2022AnnualReportfromShenzhenStockExchange | SecuritiesDailyB128,ShanghaiSecuritiesNews12,etc. |
2023-33 | 19May2023 | AnnouncementonResolutionsof11thMeetingoftheTenthBoardofDirectors | SecuritiesDailyB21,ShanghaiSecuritiesNews36,etc. |
2023-34 | 20May2023 | AnnouncementonReplytoInquiryLetteron2022AnnualReportfromShenzhenStockExchange | SecuritiesDailyB173-B174,ShanghaiSecuritiesNews161,etc. |
2023-35 | 27May2023 | AnnouncementonResolutionsof12thMeetingoftheTenthBoardofDirectors | SecuritiesDailyB42,ShanghaiSecuritiesNews100,etc. |
2023-36 | 27May2023 | NoticeonConvening2022Shareholders'GeneralMeeting | SecuritiesDailyB42,ShanghaiSecuritiesNews100,etc. |
2023-37 | 1June2023 | AnnouncementonAccumulativeLawsuitsandArbitrations | SecuritiesDailyB32,ShanghaiSecuritiesNews41,etc. |
2023-38 | 20June2023 | AnnouncementonResolutionsof2022Shareholders'GeneralMeeting | SecuritiesDailyB100,ShanghaiSecuritiesNews57,etc. |
2023-39 | 22June2023 | AnnouncementonAccumulativeLawsuitsandArbitrations | SecuritiesDailyB93,ShanghaiSecuritiesNews73,etc. |
2023-40 | 22June2023 | AnnouncementonProgressintheProvisionofExternalGuarantee | SecuritiesDailyB93,ShanghaiSecuritiesNews73,etc. |
2023-41 | 11July2023 | AnnouncementontheExtensionofoutstandingmaturitiesofDongfangJiakangIndustryM&AFund | SecuritiesDailyB39,ShanghaiSecuritiesNews11,etc. |
2023-42 | 11July2023 | AnnouncementonResolutionsof14thMeetingoftheTenthBoardofDirectors | SecuritiesDailyB39,ShanghaiSecuritiesNews11,etc. |
2023-43 | 13July2023 | AnnouncementonReceivingtheShenzhenBureauoftheChinaSecuritiesRegulatoryCommission'sDecisiontoTakeAdministrativeSupervisionMeasures | SecuritiesDailyB82,ShanghaiSecuritiesNews12,etc. |
2023-44 | 15July2023 | 2023InterimResultsForecast | SecuritiesDailyB4,ShanghaiSecuritiesNews132,etc. |
2023-45 | 11August2023 | AnnouncementonProvidingFinancialAssistancetoDongguanGuankangYuhongInvestmentCompanyLimitedAccordingtoShareholdingRatio | SecuritiesDailyB49,ShanghaiSecuritiesNews73,etc. |
2023-46 | 11August2023 | AnnouncementonAppointmentofAuditFirmsfor2023FinancialStatementsandInternalControlAudit | SecuritiesDailyB49,ShanghaiSecuritiesNews73,etc. |
KonkaGroupCo.,Ltd.AnnualReport2023
2023-47 | 11August2023 | NoticeonConvening2023SecondExtraordinaryGeneralMeeting | SecuritiesDailyB49,ShanghaiSecuritiesNews73,etc. |
2023-48 | 11August2023 | AnnouncementonResolutionsof15thMeetingoftheTenthBoardofDirectors | SecuritiesDailyB50,ShanghaiSecuritiesNews73,etc. |
2023-49 | 11August2023 | AnnouncementontheResolutionsofthe7thMeetingofthe10thBoardofSupervisors | SecuritiesDailyB50,ShanghaiSecuritiesNews73,etc. |
2023-50 | 11August2023 | AnnouncementonIssuingthePlanfortheCompany'sPrivateOfferingofCorporateBondsandProvidingCounterGuaranteeforOCTGroup | SecuritiesDailyB49,ShanghaiSecuritiesNews73,etc. |
2023-51 | 11August2023 | ReportontheRemediationBasedontheCorrectiveMeasuresoftheShenzhenBureauoftheChinaSecuritiesRegulatoryCommissionagainsttheCompany | SecuritiesDailyB49,ShanghaiSecuritiesNews73,etc. |
2023-52 | 11August2023 | AnnouncementonProgressintheProvisionofExternalGuarantee | SecuritiesDailyB49,ShanghaiSecuritiesNews73,etc. |
2023-53 | 28August2023 | Summaryof2023InterimReport | SecuritiesDailyB66,ShanghaiSecuritiesNews17,etc. |
2023-54 | 28August2023 | 2023InterimReport | SecuritiesDailyB66,ShanghaiSecuritiesNews17,etc. |
2023-55 | 28August2023 | AnnouncementonSemi-annualProvisionforassetsimpairmentfor2023 | SecuritiesDailyB66,ShanghaiSecuritiesNews17,etc. |
2023-56 | 29August2023 | AnnouncementonResolutionsof2023SecondExtraordinaryGeneralMeeting | SecuritiesDailyB71,ShanghaiSecuritiesNews345,etc. |
2023-57 | 15September2023 | AnnouncementonProgressintheProvisionofExternalGuarantee | SecuritiesDailyB56,ShanghaiSecuritiesNews57,etc. |
2023-58 | 23September2023 | AnnouncementonProgressofGuaranteeProvisionforWholly-ownedSubsidiaries | SecuritiesDailyB11,ShanghaiSecuritiesNews12,etc. |
2023-59 | 31October2023 | TheThirdQuarterlyReportof2023 | SecuritiesDailyB749,ShanghaiSecuritiesNews20,etc. |
2023-60 | 4November2023 | AnnouncementontheParticipationin2023ShenzhenOnlineGroupReceptionDayforListedCompanyInvestors | SecuritiesDailyB38,ShanghaiSecuritiesNews49,etc. |
2023-61 | 18November2023 | AnnouncementonProgressofGuaranteeProvisionforWholly-ownedSubsidiaries | SecuritiesDailyB20,ShanghaiSecuritiesNews20,etc. |
2023-62 | 18November2023 | AnnouncementontheReceiptofSZSENoObjectionLetterfor2023CorporateBondListingQualification | SecuritiesDailyB20,ShanghaiSecuritiesNews20,etc. |
2023-63 | 28November | AnnouncementonOverdueShareholderLoansto | SecuritiesDailyB16,ShanghaiSecurities |
KonkaGroupCo.,Ltd.AnnualReport2023
2023 | ShareholdingCompanies | News52,etc. | |
2023-64 | 6December2023 | AnnouncementonProvidingFinancialAssistancetoChuzhouKangxinHealthIndustryDevelopmentCompanyLimitedAccordingtoShareholdingRatio | SecuritiesDailyB22,ShanghaiSecuritiesNews28,etc. |
2023-65 | 6December2023 | AnnouncementonResolutionsof19thMeetingoftheTenthBoardofDirectors | SecuritiesDailyB22,ShanghaiSecuritiesNews28,etc. |
2023-66 | 6December2023 | NoticeonConvening2023ThirdExtraordinaryGeneralMeeting | SecuritiesDailyB22,ShanghaiSecuritiesNews28,etc. |
2023-67 | 22December2023 | AnnouncementonProgressofGuaranteeProvisionforWholly-ownedSubsidiaries | SecuritiesDailyB54,ShanghaiSecuritiesNews68,etc. |
2023-68 | 22December2023 | AnnouncementonResolutionsof2023ThirdExtraordinaryGeneralMeeting | SecuritiesDailyB54,ShanghaiSecuritiesNews68,etc. |
2023-69 | 26December2023 | AnnouncementonProgressofGuaranteeProvisionforWholly-ownedSubsidiaries | SecuritiesDailyB54,ShanghaiSecuritiesNews68,etc. |
XVIISignificantEventsofSubsidiaries
□Applicable√Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2023
PartVIIShareChangesandShareholderInformation
IShareChanges
1.ShareChanges
Unit:share
Before | Increase/decreaseintheReportingPeriod(+/-) | After | |||||||
Shares | Percentage(%) | Newissues | Sharesasdividendconvertedfromprofit | Sharesasdividendconvertedfromcapitalreserves | Other | Subtotal | Shares | Percentage(%) | |
1.Restrictedshares | 0 | 0.00% | 0 | 0.00% | |||||
2.Unrestrictedshares | 2,407,945,408 | 100.00% | 2,407,945,408 | 100.00% | |||||
2.1RMB-denominatedordinaryshares | 1,596,593,800 | 66.31% | 1,596,593,800 | 66.31% | |||||
2.2Domesticallylistedforeignshares | 811,351,608 | 33.69% | 811,351,608 | 33.69% | |||||
3.Totalshares | 2,407,945,408 | 100.00% | 2,407,945,408 | 100.00% |
Reasonsforthesharechanges:
□Applicable√NotapplicableApprovalofthesharechanges:
□Applicable√NotapplicableTransferofshareownership:
□Applicable√NotapplicableEffectsofthesharechangesonthebasicanddilutedearningspershare,equitypershareattributabletotheCompany’sordinaryshareholdersandotherfinancialindicatorsoftheprioryearandtheprioraccountingperiod,respectively:
KonkaGroupCo.,Ltd.AnnualReport2023
□Applicable√NotapplicableOtherinformationthattheCompanyconsidersnecessaryorisrequiredbythesecuritiesregulatortobedisclosed:
□Applicable√Notapplicable
2.ChangesinRestrictedShares
□Applicable√NotapplicableIIIssuanceandListingofSecurities
1.Securities(ExclusiveofPreferredShares)IssuedintheReportingPeriod
□Applicable√Notapplicable
2.ChangestoTotalShares,ShareholderStructureandAssetandLiabilityStructures
□Applicable√Notapplicable
3.ExistingStaff-HeldShares
□Applicable√NotapplicableIIIShareholdersandActualController
1.ShareholdersandTheirShareholdingsatthePeriod-End
Unit:share
Numberofordinaryshareholders | 84,916 | Numberofordinaryshareholdersatthemonth-endpriortothedisclosureofthisReport | 86,489 | Numberofpreferredshareholderswithresumedvotingrights(ifany) | 0 | Numberofpreferredshareholderswithresumedvotingrightsatthemonth-endpriortothedisclosureofthisReport(ifany) | 0 | ||||||||
5%orgreatershareholdersortop10shareholders | |||||||||||||||
Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheldattheperiod-end | Increase/decreaseintheReportingPeriod | Restrictedsharesheld | Unrestrictedsharesheld | Sharesinpledge,markedorfrozen | ||||||||
Status | Shares | ||||||||||||||
OVERSEASCHINESETOWNHOLDINGSCOMPANY | State-ownedlegalperson | 21.75% | 523,746,932 | 0 | 0 | 523,746,932 | |||||||||
CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | Foreignlegalperson | 7.48% | 180,001,110 | 0 | 0 | 180,001,110 |
KonkaGroupCo.,Ltd.AnnualReport2023
WANGJINGFENG | Domesticnaturalperson | 2.91% | 70,000,000 | -35,000,000 | 0 | 70,000,000 | |
GUOYUANSECURITIESBROKER(HK)CO.,LTD. | Foreignlegalperson | 2.48% | 59,706,843 | 479,618 | 0 | 59,706,843 | |
HOLYTIMEGROUPLIMITED | Foreignlegalperson | 2.38% | 57,289,100 | 0 | 0 | 57,289,100 | |
GAOLINGFUND,L.P. | Foreignlegalperson | 1.88% | 45,366,683 | -7,434,567 | 0 | 45,366,683 | |
NAMNGAI | Foreignnaturalperson | 0.96% | 23,000,000 | -19,800 | 0 | 23,000,000 | |
HONGKONGSECURITIESCLEARINGCOMPANYLTD. | Foreignlegalperson | 0.93% | 22,292,686 | 7,154,180 | 0 | 22,292,686 | |
CHINAMERCHANTSSECURITIES(HK)LIMITED | State-ownedlegalperson | 0.82% | 19,865,520 | 407,800 | 0 | 19,865,520 | |
BOCOMINTERNATIONALSECURITIESLIMITED | Foreignlegalperson | 0.78% | 18,896,037 | 0 | 0 | 18,896,037 | |
Strategicinvestororgenerallegalpersonbecomingatop-10ordinaryshareholderduetorightsissue(ifany)(seenote3) | N/A | ||||||
Relatedoracting-in-concertpartiesamongtheshareholdersabove | HappyBloomInvestmentLimited,awholly-ownedsubsidiaryoftheCompany’sfirstmajorityshareholderOverseasChineseTownHoldingsCompany(OCTGroup),holds180,001,110and18,360,000ordinarysharesintheCompanyrespectivelythroughCITICSecuritiesBrokerage(HongKong)Co.,Ltd.andChinaMerchantsSecurities(HK)Limited.HappyBloomInvestmentLimitedandOCTGrouparepartiesactinginconcert.Otherthanthat,itisunknownwhethertheothershareholdersarerelatedpartiesoracting-in-concertpartiesornot. | ||||||
Explainifanyoftheshareholdersabovewasinvolvedinentrusting/beingentrustedwithvotingrightsorwaivingvotingrights | N/A | ||||||
Specialaccountforsharerepurchases(ifany)amongthetop10shareholders(seenote10) | None | ||||||
Top10unrestrictedshareholders | |||||||
Nameofshareholder | Unrestrictedsharesheldatthe | Sharesbytype |
KonkaGroupCo.,Ltd.AnnualReport2023
period-end | Type | Shares | |
OVERSEASCHINESETOWNHOLDINGSCOMPANY | 523,746,932 | RMB-denominatedordinarystock | 523,746,932 |
CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | 180,001,110 | Domesticallylistedforeignstock | 180,001,110 |
WANGJINGFENG | 70,000,000 | RMB-denominatedordinarystock | 70,000,000 |
GUOYUANSECURITIESBROKER(HK)CO.,LTD. | 59,706,843 | Domesticallylistedforeignstock | 59,706,843 |
HOLYTIMEGROUPLIMITED | 57,289,100 | Domesticallylistedforeignstock | 57,289,100 |
GAOLINGFUND,L.P. | 45,366,683 | Domesticallylistedforeignstock | 45,366,683 |
NAMNGAI | 23,000,000 | Domesticallylistedforeignstock | 23,000,000 |
HONGKONGSECURITIESCLEARINGCOMPANYLTD. | 22,292,686 | RMB-denominatedordinarystock | 22,292,686 |
CHINAMERCHANTSSECURITIES(HK)LIMITED | 19,865,520 | Domesticallylistedforeignstock | 19,865,520 |
BOCOMINTERNATIONALSECURITIESLIMITED | 18,896,037 | Domesticallylistedforeignstock | 18,896,037 |
Relatedoracting-in-concertpartiesamongtop10unrestrictedpublicshareholders,aswellasbetweentop10unrestrictedpublicshareholdersandtop10shareholders | HappyBloomInvestmentLimited,awholly-ownedsubsidiaryoftheCompany’sfirstmajorityshareholderOverseasChineseTownHoldingsCompany(OCTGroup),holds180,001,110and18,360,000ordinarysharesintheCompanyrespectivelythroughCITICSecuritiesBrokerage(HongKong)Co.,Ltd.andChinaMerchantsSecurities(HK)Limited.HappyBloomInvestmentLimitedandOCTGrouparepartiesactinginconcert.Otherthanthat,itisunknownwhethertheothershareholdersarerelatedpartiesoracting-in-concertpartiesornot. | ||
Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany)(seenote4) | WangJingfengholds70,000,000A-sharesintheCompanythroughhissecuritiesaccountforcustomercredittradingguaranteeinGuotaiJunanSecuritiesCo.,Ltd. |
Top10shareholdersinvolvedinrefinancingshareslending
□Applicable√NotapplicableChangesintop10shareholderscomparedwiththepriorperiod
□Applicable√NotapplicableIndicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√No
KonkaGroupCo.,Ltd.AnnualReport2023
NosuchcasesintheReportingPeriod.
2.ControllingShareholderNatureofthecontrollingshareholder:Controlledbyacentralstate-ownedlegalpersonTypeofthecontrollingshareholder:legalperson
Nameofactualcontroller | Legalrepresentative/personincharge | Dateofestablishment | Unifiedsocialcreditcode | Principalactivity |
OverseasChineseTownHoldingsCompany | ZhangZhengao | 11November1985 | 91440300190346175T | Exportoftextile,lightindustrialproducts,etc;importofself-usedgoodsinShenzhen,mechanicalequipment,lightindustrialproducts,etc.asapprovedbytherelevantauthoritiesofShenzhen(underGovernmentDocumentJMB[92]WJMGTSZZNo.A19024);compensationtrade;investmentintourismandrelevantculturalindustry(includingartperformance,entertainmentandtheirservices,etc),industry,realestate,commerce&trade,packaging,decorationandinvestmentinprintingindustry.Theconvertofexportcommoditiesintodomesticsaleandthedomesticsalesofimportcommodities.Travelling,rentalofwarehouses,cultureandart,bondedwarehouseofcardonation,conventionandexhibitionservices(theprojectsinvolvedinlicensemanagementcanbeoperatedaftergettingtherelevantlicensefirst);salesofautomobile(sedancarincluded) |
Controllingshareholder’sholdingsinotherlistedcompaniesathomeorabroadintheReportingPeriod | Asof31December2023,OverseasChineseTownHoldingsCompanydirectlyheld47.01%equityofShenzhenOverseasChineseTownCo.,Ltd.(acompanylistedinShenzhenStockExchange,SZ.000069)andindirectlyheld0.96%equityofShenzhenOverseasChineseTownCo.,Ltd.throughOCTCapitalInvestmentManagementCo.,Ltd.Meanwhile,ShenzhenOverseasChineseTownCo.,Ltd.indirectlyheld70.94%equityofOCT(Asia)HoldingsLtd.(acompanylistedonthemainBoardofHongKongStockExchange,3366.HK).OverseasChineseTownHoldingsCompanyindirectlyheld53.88%equityofYunnanTourismCo.,Ltd.(acompanylistedinShenzhenStockExchange,SZ.002059).OverseasChineseTownHoldingsCompanyheld7.11%equityofChinaEverbrightBankCompanyLimited(acompanylistedonthemainBoardofShanghaiStockExchange(SH.601818)andthemainBoardofHongKongStockExchange(6818.HK).OverseasChineseTownHoldingsCompanyindirectlyheld2.74%equityofZhejiangCenturyHuatongGroupCo.,Ltd.(acompanylistedinShenzhenStockExchange,SZ.002602)throughitssubsidiaryShenzhenOCTCapitalInvestmentManagementCo.,Ltd.OverseasChineseTownHoldingsCompanyindirectlyheld11.12%ofequityofJiangsuGuoxinCorporationLimited(acompanylistedinShenzhenStockExchange,SZ.002608)throughitssubsidiaryShenzhenOCTCapitalInvestmentManagementCo.,Ltd.. |
ChangeofthecontrollingshareholderintheReportingPeriod:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
3.ActualControllerandItsActing-in-ConcertPartiesNatureoftheactualcontroller:Centralinstitutionforstate-ownedassetsmanagementTypeoftheactualcontroller:legalperson
Nameofactualcontroller | Legalrepresentative/personincharge | Dateofestablishment | Unifiedsocialcreditcode | Principalactivity |
KonkaGroupCo.,Ltd.AnnualReport2023
State-ownedAssetsSupervisionandAdministrationCommissionoftheStateCouncil | ZhangYuzhuo | Notapplicable | Notapplicable | |
Actualcontroller’sholdingsinotherlistedcompaniesathomeorabroadintheReportingPeriod | Notapplicable |
ChangeoftheactualcontrollerduringtheReportingPeriod:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.OwnershipandcontrolrelationsbetweentheactualcontrollerandtheCompany:
IndicatebytickmarkwhethertheactualcontrollercontrolstheCompanyviatrustorotherwaysofassetmanagement.
□Applicable√Notapplicable
4.NumberofAccumulativePledgedSharesheldbytheCompany’sControllingShareholderortheLargestShareholderaswellasItsActing-in-ConcertPartiesAccountsfor80%ofallsharesoftheCompanyheldbyThem
□Applicable√Notapplicable
5.Other10%orGreaterCorporateShareholders
□Applicable√Notapplicable
6.LimitationsonShareholdingDecreasebytheCompany’sControllingShareholder,ActualController,ReorganizerandOtherCommitmentMakers
KonkaGroupCo.,Ltd.AnnualReport2023
□Applicable√NotapplicableIVSpecificImplementationofShareRepurchasesintheReportingPeriodProgressonanysharerepurchases:
□Applicable√NotapplicableProgressonreducingtherepurchasedsharesbymeansofcentralizedbidding:
□Applicable√Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2023
PartVIIIPreferenceShares
□Applicable√NotapplicableNoPreferencesharesintheReportingPeriod.
KonkaGroupCo.,Ltd.AnnualReport2023
PartIXCorporateBonds
√Applicable□NotapplicableIEnterpriseBonds
□Applicable√NotapplicableNoenterprisebondsintheReportingPeriod.IICorporateBonds
√Applicable□Notapplicable
1.BasicInformationoftheCorporateBonds
Unit:RMB’0,000
Name | Abbr. | Code | Issuedate | Valuedate | Duedate | Bondsbalance(RMB’0,000) | Interestrate | Wayofredemption | Tradeplace |
Privatelyplacedcorporatebondsin2021ofKonkaGroupCo.,Ltd(TrancheI) | 21Konka01 | 114894 | 8January2021 | 8January2021 | 8January2024 | 100,000.00 | 4.46% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondsin2021ofKonkaGroupCo.,Ltd(TrancheII) | 21Konka02 | 133003 | 21May2021 | 21May2021 | 21May2024 | 50,000.00 | 4.00% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondsin2021ofKonkaGroupCo.,Ltd(TrancheIII) | 21Konka03 | 133040 | 9July2021 | 9July2021 | 9July2024 | 80,000.00 | 3.95% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhen | ShenzhenStockExchange |
KonkaGroupCo.,Ltd.AnnualReport2023
expired. | |||||||||
Corporatebondspubliclyofferedtoprofessionalinvestorsin2022ofKonkaGroupCo.,Ltd.(TrancheI)(VarietyI) | 22Konka01 | 149987 | 14July2022 | 14July2022 | 14July2025 | 120,000.00 | 3.23% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondstoprofessionalinvestorsin2022ofKonkaGroupCo.,Ltd(TrancheI)(VarietyI) | 22Konka03 | 133306 | 8September2022 | 8September2022 | 8September2025 | 60,000.00 | 3.30% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondstoprofessionalinvestorsin2022ofKonkaGroupCo.,Ltd(TrancheII) | 22Konka05 | 133333 | 18October2022 | 18October2022 | 18October2025 | 60,000.00 | 3.50% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondstoprofessionalinvestorsin2024ofKonkaGroupCo.,Ltd(TrancheI) | 24Konka01 | 133759 | 29January2024 | 29January2024 | 29January2027 | 150,000 | 4.00% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondstoprofessionalinvestorsin2024ofKonkaGroupCo.,Ltd(TrancheII)(VarietyI) | 24Konka02 | 133782 | 18March2024 | 18March2024 | 18March2027 | 40,000 | 4.00% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
KonkaGroupCo.,Ltd.AnnualReport2023
Privatelyplacedcorporatebondstoprofessionalinvestorsin2024ofKonkaGroupCo.,Ltd(TrancheII)(VarietyII) | 24Konka03 | 133783 | 18March2024 | 18March2024 | 18March2027 | 40,000 | 4.03% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Appropriatearrangementoftheinvestors(ifany) | “21Konka01”、“21Konka02”,“21Konka03”,“22Konka03”,“22Konka05”,“24Konka01”,“24Konka02”and“24Konka03”wereplacedprivatelytoprofessionalinvestorsmeetingtherequirementsofmanagementmethodforinvestorseligibilityofShenzhenStockExchange,whichnotexceeding200persons.“22Konka01”wasofferedpubliclytoprofessionalinstitutionalinvestorsmeetingtherequirementsofMeasuresfortheAdministrationofIssuingandTradingCorporateBondsandopeningaqualifiedA-sharesecuritiesaccountinShenzhenBranchofChinaSecuritiesDepositoryandClearingCorporationLimited. | ||||||||
Applicabletrademechanism | Comprehensiveprotocoltradingplatform:Match-and-deal,click-and-deal,inquire-and-deal,bid-and-deal,andnegotiate-and-deal | ||||||||
Riskofdelisting(ifany)andcountermeasures | No |
Overduebonds
□Applicable√Notapplicable
2.TheTriggerandExecutionoftheOptionClauseoftheIssuersorInvestorsandtheInvestorProtectionClause
□Applicable√Notapplicable
3.Intermediary
Bond | Intermediary | Officeaddress | Signatureaccountant | Contactpersonofintermediary | Contactnumber |
21Konka0121Konka0221Konka03 | IndustrialSecuritiesCo.,Ltd | 32/F,SKBuilding,No.6,JianguomenWaidajie,ChaoyangDistrict,Beijing | / | ZhangHuifang,ZhangNing | 010-50911203 |
ZTFSecuritiesCo.,Ltd. | CentralizedBusiness,FinanceandBusinessDistrict,ZoneB,ZhongtianExhibitionCity,NorthChanglingRoad,GuanshanhuDistrict,Guiyang,Guizhou(North) | / | QianXi,CaiDan | 0755-28777990 | |
UnitedRatingsCo.,Ltd. | No.2JianwaiStreet,ChaoyangDistrict,Beijing | / | LiuQi | 010-85679696 |
KonkaGroupCo.,Ltd.AnnualReport2023
BeijingYingkeLawFirm | 19-25/F,Building2,CPCenter,Yard20,JinheEastRoad,ChaoyangDistrict,Beijing | / | ZhangJinxing,HanJian | 0755-36866600 | |
ShinewingCertifiedPublicAccountants(SpecialGeneralPartnership) | 8/F,BlockA,FuHuaMansion,No.8,ChaoyangmenBeidajie,DongchengDistrict,Beijing | LiuJianhua,TangQimei | LiuJianhua,TangQimei | 028-62922886 | |
22Konka01 | IndustrialSecuritiesCo.,Ltd | 32/F,SKBuilding,No.6,JianguomenWaidajie,ChaoyangDistrict,Beijing | / | ZhangHuifang,ZhangNing | 010-50911203 |
ZTFSecuritiesCo.,Ltd. | CentralizedBusiness,FinanceandBusinessDistrict,ZoneB,ZhongtianExhibitionCity,NorthChanglingRoad,GuanshanhuDistrict,Guiyang,Guizhou(North) | / | QianXi,CaiDan | 0755-28777990 | |
UnitedRatingsCo.,Ltd. | No.2JianwaiStreet,ChaoyangDistrict,Beijing | / | LiuQi | 010-85679696 | |
BeijingYingkeLawFirm | 19-25/F,Building2,CPCenter,Yard20,JinheEastRoad,ChaoyangDistrict,Beijing | / | ZhangJinxing,HanJian | 0755-36866600 | |
ShinewingCertifiedPublicAccountants(SpecialGeneralPartnership) | 8/F,BlockA,FuHuaMansion,No.8,ChaoyangmenBeidajie,DongchengDistrict,Beijing | GuoDongchao,LiuLihong,ZhanMiaoling,LiuJianhua,TangQimei | LiuJianhua,TangQimei | 028-62922886 | |
22Konka0322Konka05 | IndustrialSecuritiesCo.,Ltd | 32/F,SKBuilding,No.6,JianguomenWaidajie,ChaoyangDistrict,Beijing | / | ZhangHuifang,ZhangNing | 010-50911203 |
ZTFSecuritiesCo.,Ltd. | CentralizedBusiness,FinanceandBusinessDistrict,ZoneB,ZhongtianExhibitionCity,NorthChanglingRoad,GuanshanhuDistrict,Guiyang,Guizhou(North) | / | QianXi | 0755-28777990 | |
BeijingYingkeLawFirm | 19-25/F,Building2,CPCenter,Yard20,JinheEastRoad,ChaoyangDistrict,Beijing | / | ZhangJinxing,HanJian | 0755-36866600 | |
ShinewingCertified | 8/F,BlockA,FuHuaMansion,No.8, | GuoDongchao,LiuLihong,Zhan | LiuJianhua,TangQimei | 020-28309500 |
KonkaGroupCo.,Ltd.AnnualReport2023
PublicAccountants(SpecialGeneralPartnership) | ChaoyangmenBeidajie,DongchengDistrict,Beijing | Miaoling,LiuJianhua,TangQimei | |||
24Konka0124Konka0224Konka03 | IndustrialSecuritiesCo.,Ltd | 32/F,SKBuilding,No.6,JianguomenWaidajie,ChaoyangDistrict,Beijing | / | ZhangHuifang,ZhangNing | 010-50911203 |
ChinaMerchantsSecuritiesCo.Ltd. | No.111,Fuhua1stRoad,FutianStreet,FutianDistrict,Shenzhen,Guangdong | / | ChenCheng,FengShu | 0755-82943666 | |
SinolinkSecuritiesCo.,Ltd. | 23/F,ZizhuInternationalBuilding,No.1088FangdianRoad,PudongNewArea,Shanghai | / | YaoHeng,QingChunlin,ZhuJing,ZhuCaiyu | 021-68826021 | |
CenturySecuritiesCo.,Ltd. | 16/F,BuildingC,HuahaiFinancialInnovationCenter,No.5073,MenghaiAvenue,NanshanDistrict,Shenzhen | / | LiJiaqing,YangQi | 0755-83199417 | |
BeijingYingkeLawFirm | 19-25/F,Building2,CPCenter,Yard20,JinheEastRoad,ChaoyangDistrict,Beijing | / | ZhangJinxing,HanJian | 0755-36866600 | |
ShinewingCertifiedPublicAccountants(SpecialGeneralPartnership) | 8/F,BlockA,FuHuaMansion,No.8,ChaoyangmenBeidajie,DongchengDistrict,Beijing | TangQimei,LiuLihong | TangQimei,LiuLihong | 020-28309500 |
DidtheintermediarychangeduringtheReportingPeriod?
□Yes√No
4.ListoftheUsageoftheRaisedFunds
Unit:RMB
Bonds | Totalamount | Amountspent | Unusedamount | Operationofspecialaccountforraisedfunds(ifany) | Rectificationofraisedfundsforviolationoperation(ifany) | Whetherisconsistentwiththeusage,usingplanandotheragreementsstipulatedintheraisingspecification |
21Konka01 | 100,000.00 | 100,000.00 | 0 | Ithasbeenoperatingwell | Yes |
KonkaGroupCo.,Ltd.AnnualReport2023
21Konka02 | 50,000.00 | 50,000.00 | 0 | andtherehasbeennoviolationofrelevantregulationsandfundsupervisionagreements. |
21Konka03 | 80,000.00 | 80,000.00 | 0 | |
22Konka01 | 120,000.00 | 120,000.00 | 0 | |
22Konka03 | 60,000.00 | 60,000.00 | 0 | |
22Konka05 | 60,000.00 | 60,000.00 | 0 | |
24Konka01 | 150,000.00 | 100,000.00 | 50,000.00 | |
24Konka02 | 40,000.00 | 0 | 40,000.00 | |
24Konka03 | 40,000.00 | 0 | 40,000.00 |
Theraisedfundswereusedforprojectconstruction
□Applicable√NotapplicableTheCompanychangedtheusageofabovefundsraisedfrombondsduringtheReportingPeriod.
□Applicable√Notapplicable
5.AdjustmentofCreditRatingResultsduringtheReportingPeriod
□Applicable√Notapplicable
6.ExecutionandChangesofGuarantee,RepaymentPlanandOtherRepaymentGuaranteeMeasuresaswellasInfluenceonEquityofBondInvestorsduringtheReportingPeriod
√Applicable□NotapplicableOCTGroupprovidesfull,unconditionalandirrevocablejointliabilityguaranteefor“21Konka01”,“21Konka02”,“21Konka03”,“22Konka01”,“22Konka03”,“22Konka05”,“24Konka01”,“24Konka02”and“24Konka03”.TheCreditEnhancementMechanisms,RedemptionPlansandOtherRedemptionSecurityMeasuresduringtheReportingPeriodareexecutedaccordingtoagreement.Nochangeoccurred.IIIDebtFinancingInstrumentsofNon-financialEnterprises
□Applicable√Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2023
NosuchcasesintheReportingPeriod.IVConvertibleCorporateBonds
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VLossesofScopeofConsolidatedFinancialStatementsduringtheReportingPeriodExceeding10%ofNetAssetsupthePeriod-endofLastYear
√Applicable□Notapplicable
Item | Detailsofloss | Reasonforloss | Impactonthecompany'sproduction,operationandsolvency |
Netprofitattributabletoshareholdersoflistedcompanies | DuringtheReportingPeriod,theCompany'snetprofitlossattributabletoshareholdersoflistedcompanieswasRMB2,164million,accountingfor38.34%ofthenetassets. | 1.In2023,theCompanyincurredacertaindegreeoflossinitscolourTVbusinessduetofactorssuchasproductstrategyadjustmentsandongoingsupplychainfluctuations.IntermsofdomesticsalesofcolourTVs,theCompanymadesystematicadjustmentstoitsproductplanningandsalesstrategiesduringthecurrentperiod.Themid-to-high-endnewproductsX6/M6/R7weremainlylaunchedinthesecondhalfof2023.However,theintroductionandsalesramp-upcycleofthesenewTVproductslaggedbehind,failingtofullycompensatefortheclearancelossesresultingfromthediscontinuationofoldmodels.This,tosomeextent,affectedthesalesscaleandtotalprofitoftheCompany'sdomesticTVbusiness.RegardingTVexportsandOEMbusiness,duetothecontinuousfluctuationinupstreamsupplychaincostsin2023,thegrossmarginofordersdeliveredbytheCompany'sTVexportsandOEMbusinesswasrelativelylow.Althoughstrategicadjustmentshelpedtograduallyimprovetheoperationalqualityinthesecondhalfof2023,thegrossmarginforthefullyear2023wasstillunabletofullycoverrigidexpenses.2.In2023,inaccordancewiththeCompany'sdevelopmentstrategyandconsideringthemacroeconomicenvironment,theCompanyupheldtheprincipleof"industrialparkservicealignedwithcorebusinessstrategy"andcontinuedtoreduceitsbusinessinindustrialparks.Therewerevirtuallynonewlarge-scaleindustrialparkprojectsin2023,resultinginadecreaseinrelatedincomecomparedtothepreviousyear.3.In2023,althoughtheCompany'ssemiconductorbusinessmadecertainachievementsinseveralkeyindustrialchaintechnologies,itremainedintheearlystagesofindustrialization.R&Dinvestmentcontinuedtogrow,butscaleandefficiencyinoutputwerenotachieved,affectingtheoveralloperatingprofitoftheCompany.4.In2023,basedontheprincipleofprudence,theCompanymadeaprovisionforassetimpairmentofapproximatelyRMB1,017millioninaccordancewithaccountingpolicies | TheCompanywillfollowthenewdevelopmentstrategyof"OneAxis,TwoWheelsandThreeGrowthDrivers,"andadheretolong-termvalue-orientedprinciplesandtheoperationalstrategyoffocusingonthelongterm,makingprofitbeforeexpansion,andimprovingspecializationbeforeconsolidation.Itwillalsodeepenprofessionalintegration,implementleanmanagement,andpromotehigh-qualitydevelopment.TheCompanywillallocateresourcestosupportthedevelopmentofitscorebusiness,focusingondrivingthegrowthandprofitabilityofthewhitegoodsandPCBsectors.LeanmanagementwillbeimplementedtoenhancevaluecreationandreducelossesinthecolourTVbusiness.Innovationeffortswillbedirectedtowardscapitalizationandefficiencyoutputofthesemiconductorbusiness,therebycreatingaspecializedbusinessmatrix.ThelossforthereportingperiodwillnotaffectthenormalproductionandoperationoftheCompanyandtherepaymentofdebtsdue. |
KonkaGroupCo.,Ltd.AnnualReport2023
VIMaturedInterest-bearingDebtexcludingBondsupthePeriod-end
□Applicable√NotapplicableVIIWhethertherewasanyViolationofRulesandRegulationsduringtheReportingPeriod
□Yes√NoVIIITheMajorAccountingDataandtheFinancialIndicatorsoftheRecent2YearsoftheCompanyupthePeriod-end
Unit:RMB’0,000
andestimates,resultinginadecreaseinprofit.
5.In2023,theCompanystrategicallyoptimizednon-coreoperationssuchasindustrytradeandenvironmentalprotection,resultinginanarrowingofprofitsourcesandadecreaseinrelatedincome.Item
Item | 31December2023 | 31December2022 | Increase/decrease |
Currentratio | 87.69% | 118.17% | -25.79% |
Debt/assetratio | 83.51% | 77.74% | 5.77% |
Quickratio | 70.07% | 88.59% | -20.91% |
2023 | 2022 | Increase/decrease | |
Netprofitafterdeductingnon-recurringprofitorloss | -291,444.51 | -266,555.04 | -9.34% |
EBITDA/debtratio | -6.33% | -3.45% | -2.88% |
Timesinterestearned | -3.50 | -1.99 | -75.88% |
Timesinterestearnedofcash | 2.17 | 0.42 | 416.67% |
TimesinterestearnedofEBITDA | -2.39 | -1.12 | -113.39% |
Loanrepaymentrate | 100.00% | 100.00% | 0.00% |
Interestcoverage | 100.00% | 100.00% | 0.00% |
KonkaGroupCo.,Ltd.AnnualReport2023
PartXFinancialStatementsIIndependentAuditor’sReport
Typeoftheindependentauditor’sopinion | Unmodifiedunqualifiedopinion |
Dateofsigningthisreport | 29March2024 |
Nameoftheindependentauditor | ShineWingCertifiedPublicAccountants(SpecialGeneralPartnership) |
Referencenumberofauditreport | XYZH/2024SZAA8B0233 |
Nameofthecertifiedpublicaccountants | TangQimei,LiuLihong |
IndependentAuditor’sReport
XYZH/2024SZAA8B0233
KonkaGroupCo.,Ltd.
AllshareholdersofKonkaGroupCo.,Ltd.:
I.OpinionWehaveauditedtheaccompanyingfinancialstatementsofKonkaGroupCo.,Ltd.(the“KonkaGroup”),whichcomprisetheCompany’sandconsolidatedbalancesheetsoftheparentcompanyasat31December2023,theCompany’sandconsolidatedincomestatementsoftheparentcompany,theCompany’sandconsolidatedcashflowstatementsoftheparentcompany,theCompany’sandconsolidatedstatementsofchangesinshareholders’equityoftheparentcompanyfortheyearthenended,aswellasthenotestothefinancialstatements.Inouropinion,thefinancialstatementsattachedwerepreparedinlinewiththeregulationsofAccountingStandardsforBusinessEnterprisesinallsignificantaspectswhichgaveatrueandfairviewoftheconsolidatedandparentfinancialpositionoftheCompanyasat31December2023andtheconsolidatedandparentbusinessperformanceandcashflowoftheCompanyfor2023.II.BasisforOpinionWeconductedourauditinaccordancewithStandardsonAuditingforCertifiedPublicAccountants.OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditor’sResponsibilitiesfortheAuditoftheFinancialStatementssectionofourreport.Inaccordancewithprofessionalethicsforcertifiedpublicaccountants,weareindependentwithFoshanHuaxinPackingCo.,Ltd.andwehavefulfilledourotherethicalresponsibilities.Webelievethattheauditevidencewehaveobtained
KonkaGroupCo.,Ltd.AnnualReport2023
issufficientandappropriatetoprovideabasisforouropinion.III.KeyAuditMattersKeyauditmattersarethosemattersthat,inourprofessionaljudgment,wereofmostsignificanceinourauditofthefinancialstatementsoftheCurrentPeriod.Thesematterswereaddressedinthecontextofourauditofthefinancialstatementsasawhole,andinformingouropinionthereon,andwedonotprovideaseparateopiniononthesematters.
1.Recognitionofoperatingrevenues | |
Keyauditmatters | Countermeasuresofaudit |
Pleaserefertothenotestothefinancialstatements"six,notestotheconsolidatedfinancialstatements"50.In2023,KonkaGroup'sconsolidatedfinancialstatementsconfirmedoperatingincomeofRMB17,849,331,400,themainlyrevenuecomesfromtheColorTV,whitegoods,optoelectronicdisplay,storageandprintedcircuitboards,etc.Duetotheimportanceofrevenuetothefinancialstatementsasawhole,andtheinherentmisstatementriskofmanagement'smanipulationofrevenuerecognitioninordertoachievespecificgoalsorexpectations,wemakerevenuerecognitionakeyauditmatter. | (1)Evaluateandtestincometoconfirmtheeffectivenessofkeyinternalcontroldesignandoperation;(2)Obtainsignedsalescontracts,analyzerelevantprovisions,andevaluatewhethertherevenuerecognitionofKonkaGroupisincompliancewiththeAccountingStandardsforBusinessEnterprises;(3)ObtainthesaleslistofKonkaGroupproducts,examinethecustomers’informationregisteredwiththeindustrialandcommercialadministration,inquiretherelevantpersonnelofKonkaGroup,andidentifywhetheranyofthecustomersisarelatedpartytoKonkaGroup;(4)Performanalyticalproceduresonrevenueandcosts,evaluatetherationalityofsalesrevenueandgrossprofitmarginchanges;(5)Examinematerialssuchasimportantsalescontracts,orders,invoices,goodsownershiptransfercertificates,bankreceipts,invoices;selectimportantcustomers,verifythetransactionamountsandbalancesinwritingtoverifythetruthfulness,completenessandaccuracyofrevenue;(6)Conductacut-offtestonsalesrevenue. |
KonkaGroupCo.,Ltd.AnnualReport2023
2.Recognitionofinvestmentincome | |
Keyauditmatters | Countermeasuresofaudit |
Pleaserefertothenotestothefinancialstatements"six,notestotheconsolidatedfinancialstatements"57.In2023,KonkaGroup'sconsolidatedfinancialstatementsconfirmedinvestmentincomeofRMB675,405,200,themainlyrevenuecomesfromtheinvestmentincomefromthetransferoflong-termequityinvestmentsheldbyKonkaGrouptofinancialassetsheldfortradingasaresultofthereductionofitsholdingsinthesecondarymarketduringtheyear,aswellasinvestmentincomearisingfromthedisposaloflong-termequityinvestmentsincertainsubsidiaries.Sincetheamountofinvestmentincomeissignificant,weconfirmtherecognitionofinvestmentincomeasakeyauditmatter. | (1)Evaluateandtestincometoconfirmtheeffectivenessofkeyinternalcontroldesignandoperation;(2)Obtainingrelevantdecision-makingdocumentsforthedisposalofthetargetcompany'sequity,aswellasequitytransferagreementsandtransactiondocuments,conductinginterviewswiththeKonkaGroupcompany'smanagementandselectedequitytransfereestounderstandthecommercialbackgroundandrationalityoftheequitytransfer,inordertodeterminetheauthenticityoftheequitytransfer;(3)Obtainingbankreceiptcertificatesforthetransferofequityandinquiringaboutindustrialandcommercialchangesinthecompanythatisthesubjectofthetransferofequitysoastodeterminewhethertheformalitiesrelatedtothetransferofshareshavebeencompleted;(4)Reviewthefairnessoftheconsiderationfortheequitytransactionandcheckwhetherthemeasurementofinvestmentincomefromthedisposalofequityinterestsisinaccordancewiththeprovisionsofenterpriseaccountingstandards;(5)TheproceduresimplementedinresponsetothechangeoftheaccountingmethodfortheKonkaGroupCompany'sequityinvestmentareasfollows:①Obtaindecision-makingdocumentsrelatedtothechangeofaccountingmethods,interviewthemanagementandinvestedcompanycontrollingshareholdersoftheKonkaGroupCompany,andobtainrelevantinformation;②Basedontheinformationobtainedandthe |
KonkaGroupCo.,Ltd.AnnualReport2023
IV.OtherInformationThemanagementoftheCompanyisresponsiblefortheotherinformation.Theotherinformationcomprisesalloftheinformationincludedintheannualreportfor2023otherthanthefinancialstatementsandourauditor’sreportthereon.Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationandwedonotexpressanyformofassuranceconclusionthereon.Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,indoingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorourknowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.If,basedontheworkwehaveperformed,weconcludethatthereisamaterialmisstatementofthisotherinformation,wearerequiredtoreportthatfact.Wehavenothingtoreportinthisregard.V.ResponsibilityofManagementandThoseChargedwithGovernancefortheFinancialStatementsThemanagementoftheCompanyisresponsibleforthepreparationandfairpresentationofthesefinancialstatementsinaccordancewithAccountingStandardsforBusinessEnterprisestomakethemafairpresentationanddesigning,implementingandmaintaininginternalcontrolrelevanttothepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherduetofraudorerror.
KonkaGroupCo.,Ltd.AnnualReport2023
Inpreparingthefinancialstatements,themanagementoftheCompanyisresponsibleforassessingtheCompany’sabilitytocontinueasagoingconcern,disclosing,ifapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasisofaccountingunlessthemanagementeitherintendstoliquidatetheCompanyortoceaseoperations,orhasnorealisticalternativebuttodoso.ThosechargedwithgovernanceareresponsibleforoverseeingtheCompany’sfinancialreportingprocess.VI.CPA’sResponsibilityfortheAuditoftheFinancialStatementsOurobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefreefrommaterialmisstatement,whetherduetofraudorerror,andtoissueanauditor’sreportthatincludesouropinion.Wereportouropinionsolelytoyou,asabody,andfornootherpurpose.Wedonotassumeresponsibilitytowardsoracceptliabilitytoanyotherpersonforthecontentsofthisreport.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconductedinaccordancewithauditingstandardswillalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefromfraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpectedtoinfluencetheeconomicdecisionsofuserstakenonthebasisofthesefinancialstatements.Aspartofanauditinaccordancewithauditingstandards,weexerciseprofessionaljudgmentandmaintainprofessionalskepticismthroughouttheaudit.Wealso:
(1)Identifyandassesstherisksofmajormisstatementoffinancialstatementsduetofraudorerrors,designandimplementauditprocedurestodealwiththeserisks,andobtainsufficientandappropriateauditevidenceasthebasisforissuingauditopinions.Sincefraudmayinvolvecollusion,forgery,intentionalomissions,misrepresentation,oroverridinginternalcontrol,theriskoffailingtodetectamajormisstatementduetofraudishigherthantheriskoffailingtodetectamajormisstatementduetoerror.
(2)Understandtheinternalcontrolrelatedtoauditinginordertodesignappropriateauditingprocedures.
(3)Evaluatetheappropriatenessofmanagement'sselectionofaccountingpoliciesandtherationalityofaccountingestimatesandrelateddisclosures.
(4)Todrawconclusionsontheappropriatenessofthemanagement'suseofcontinuousoperationassumptions.Atthesametime,basedontheauditevidenceobtained,aconclusioncanbedrawnonwhetherthereisamaterialuncertaintythatmaycausesignificantdoubtsaboutKonkaGroup'sabilitytocontinueoperations.Ifweconcludethattherearesignificantuncertainties,theauditingstandardsrequireustodrawtheattentionoftheusersofthestatementstotherelevantdisclosuresin
KonkaGroupCo.,Ltd.AnnualReport2023
thefinancialstatementsintheauditreport;ifthedisclosuresareinsufficient,weshouldissueanon-reservedopinion.Ourconclusionisbasedontheinformationavailableasofthedateoftheauditreport.However,futureeventsorcircumstancesmaypreventKonkaGroupfromcontinuingitsoperations.
(5)Evaluatetheoverallpresentation,structure,andcontentofthefinancialstatements,andevaluatewhetherthefinancialstatementsfairlyreflectrelatedtransactionsandevents.Wecommunicatewiththosechargedwithgovernanceregarding,amongothermatters,theplannedscopeandtimingoftheauditandsignificantauditfindings,includinganysignificantdeficienciesininternalcontrolthatweidentifyduringouraudit.Wealsoprovidethosechargedwithgovernancewithastatementthatwehavecompliedwithrelevantethicalrequirementsregardingindependence,andtocommunicatewiththemallrelationshipsandothermattersthatmayreasonablybethoughttobearonourindependence,andrelatedsafeguards(ifapplicable).Fromthematterscommunicatedwiththosechargedwithgovernance,wedeterminethosemattersthatwereofmostsignificanceintheauditofthefinancialstatementsoftheCurrentPeriodandarethereforethekeyauditmatters.Wedescribethesemattersinourauditor’sreportunlesslaworregulationprecludespublicdisclosureaboutthematterorwhen,inextremelyrarecircumstances,wedeterminethatamattershouldnotbecommunicatedinourreportbecausetheadverseconsequencesofdoingsowouldreasonablybeexpectedtooutweighthepublicinterestbenefitsofsuchcommunication.
ShineWingCertifiedPublicAccountants(SpecialGeneralPartnership) | CPA:(EngagementPartner) | |
CPA: | ||
Beijing·China | 29March2024 |
KonkaGroupCo.,Ltd.AnnualReport2023
IIFinancialStatementsCurrencyunitforthefinancialstatementsandthenotesthereto:RMB
1.ConsolidatedBalanceSheetPreparedbyKonkaGroupCo.,Ltd.
31December2023
Unit:RMB
Item | 31December2023 | 1January2023 |
Currentassets: | ||
Monetaryassets | 6,506,359,577.02 | 5,988,095,490.71 |
Settlementreserve | ||
Interbankloansgranted | ||
Held-for-tradingfinancialassets | 469,636,700.78 | |
Derivativefinancialassets | ||
Notesreceivable | 533,171,949.15 | 1,059,737,243.54 |
Accountsreceivable | 1,726,545,973.08 | 2,036,734,836.22 |
Accountsreceivablefinancing | 173,396,326.14 | 237,187,228.44 |
Prepayments | 165,454,311.51 | 389,947,652.39 |
Premiumsreceivable | ||
Reinsurancereceivables | ||
Receivablereinsurancecontractreserve | ||
Otherreceivables | 989,121,067.51 | 1,442,124,845.58 |
Including:Interestreceivable | 6,681,258.01 | 3,878,580.64 |
Dividendsreceivable | 941,482.38 | 272,999.43 |
Financialassetspurchasedunderresaleagreements | ||
Inventories | 3,249,897,700.98 | 4,409,767,756.22 |
KonkaGroupCo.,Ltd.AnnualReport2023
Contractassets | 2,190,385.93 | |
Assetsheldforsale | ||
Currentportionofnon-currentassets | 14,630,000.00 | |
Othercurrentassets | 2,359,159,468.75 | 2,038,841,225.83 |
Totalcurrentassets | 16,174,933,460.85 | 17,617,066,278.93 |
Non-currentassets: | ||
Loansandadvancestocustomers | ||
Investmentsindebtobligations | ||
Investmentsinotherdebtobligations | ||
Long-termreceivables | 800,400.00 | |
Long-termequityinvestments | 5,566,483,863.29 | 6,351,232,955.58 |
Investmentsinotherequityinstruments | 23,841,337.16 | 23,841,337.16 |
Othernon-currentfinancialassets | 2,009,676,398.00 | 2,639,662,273.32 |
Investmentproperty | 1,470,226,723.87 | 802,407,844.60 |
Fixedassets | 5,218,297,745.16 | 4,114,029,693.38 |
Constructioninprogress | 860,899,498.68 | 1,990,361,377.07 |
Productivelivingassets | ||
Oilandgasassets | ||
Right-of-useassets | 197,054,423.17 | 50,019,838.68 |
Intangibleassets | 1,087,386,015.34 | 1,116,739,707.27 |
Developmentcosts | ||
Goodwill | 22,196,735.11 | 22,196,735.11 |
Long-termprepaidexpense | 518,919,223.71 | 387,309,503.07 |
Deferredincometaxassets | 1,426,573,982.16 | 1,197,406,370.65 |
Othernon-currentassets | 1,248,328,806.16 | 1,710,245,378.26 |
Totalnon-currentassets | 19,649,884,751.81 | 20,406,253,414.15 |
KonkaGroupCo.,Ltd.AnnualReport2023
Totalassets | 35,824,818,212.66 | 38,023,319,693.08 |
Currentliabilities: | ||
Short-termborrowings | 6,390,592,056.27 | 7,579,559,304.97 |
Borrowingsfromthecentralbank | ||
Interbankloansobtained | ||
Held-for-tradingfinancialliabilities | ||
Derivativefinancialliabilities | ||
Notespayable | 990,482,927.20 | 1,054,573,822.04 |
Accountspayable | 2,726,831,675.97 | 2,659,946,562.93 |
Advancesfromcustomers | 825.69 | |
Contractliabilities | 527,975,160.12 | 601,044,358.35 |
Financialassetssoldunderrepurchaseagreements | ||
Customerdepositsandinterbankdeposits | ||
Payablesforactingtradingofsecurities | ||
Payablesforunderwritingofsecurities | ||
Employeebenefitspayable | 304,733,103.63 | 348,608,204.05 |
Taxespayable | 214,417,135.87 | 291,102,679.36 |
Otherpayables | 1,922,791,905.14 | 1,895,711,373.34 |
Including:Interestpayable | 29,590,464.00 | |
Dividendspayable | ||
Handlingchargesandcommissionspayable | ||
Reinsurancepayables | ||
Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
Currentportionofnon-currentliabilities | 5,314,147,396.36 | 409,220,030.69 |
KonkaGroupCo.,Ltd.AnnualReport2023
Othercurrentliabilities | 54,330,715.75 | 68,449,783.71 |
Totalcurrentliabilities | 18,446,302,076.31 | 14,908,216,945.13 |
Non-currentliabilities: | ||
Insurancecontractreserve | ||
Long-termborrowings | 7,779,150,079.88 | 8,906,931,402.89 |
Bondspayable | 2,426,992,578.67 | 4,792,392,044.13 |
Including:Preferredshares | ||
Perpetualbonds | ||
Leaseliabilities | 160,218,818.92 | 36,586,639.16 |
Long-termpayables | 6,135,734.07 | 7,964,127.18 |
Long-termemployeebenefitspayable | 4,718,466.37 | 4,894,209.73 |
Provisions | 304,519,839.80 | 159,395,579.55 |
Deferredincome | 425,135,237.90 | 334,844,966.31 |
Deferredincometaxliabilities | 185,026,165.27 | 95,427,298.31 |
Othernon-currentliabilities | 179,996,351.33 | 314,233,260.08 |
Totalnon-currentliabilities | 11,471,893,272.21 | 14,652,669,527.34 |
Totalliabilities | 29,918,195,348.52 | 29,560,886,472.47 |
Owners’equity: | ||
Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 526,499,506.76 | 365,247,361.05 |
Less:Treasurystock | ||
Othercomprehensiveincome | -13,443,558.44 | -14,265,181.63 |
Specificreserve | 4,657,488.24 |
KonkaGroupCo.,Ltd.AnnualReport2023
Surplusreserves | 1,244,180,364.24 | 1,244,180,364.24 |
Generalreserve | ||
Retainedearnings | 1,474,561,975.85 | 3,638,352,029.02 |
TotalequityattributabletoownersoftheCompanyastheparent | 5,644,401,184.65 | 7,641,459,980.68 |
Non-controllinginterests | 262,221,679.49 | 820,973,239.93 |
Totalowners’equity | 5,906,622,864.14 | 8,462,433,220.61 |
Totalliabilitiesandowners’equity | 35,824,818,212.66 | 38,023,319,693.08 |
Legalrepresentative:ZhouBinCFO:LiChunleiHeadofthefinancialdepartment:PingHeng
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
Item | 31December2023 | 1January2023 |
Currentassets: | ||
Monetaryassets | 4,739,026,071.80 | 3,987,295,740.42 |
Held-for-tradingfinancialassets | 469,636,700.78 | |
Derivativefinancialassets | ||
Notesreceivable | 212,545,745.69 | 353,764,106.66 |
Accountsreceivable | 2,907,508,425.51 | 4,473,878,994.50 |
Accountsreceivablefinancing | ||
Prepayments | 3,050,914,644.86 | 2,105,477,988.44 |
Otherreceivables | 7,962,523,971.43 | 10,342,326,355.05 |
Including:Interestreceivable | 6,325,400.49 | 3,878,580.64 |
Dividendsreceivable | 395,209,709.13 | 393,563,347.61 |
Inventories | 74,359,735.29 | 173,658,748.80 |
Contractassets | ||
Assetsheldforsale | ||
Currentportionofnon-currentassets |
KonkaGroupCo.,Ltd.AnnualReport2023
Othercurrentassets | 1,776,247,847.16 | 1,581,440,821.79 |
Totalcurrentassets | 21,192,763,142.52 | 23,017,842,755.66 |
Non-currentassets: | ||
Investmentsindebtobligations | ||
Investmentsinotherdebtobligations | ||
Long-termreceivables | ||
Long-termequityinvestments | 8,353,187,518.14 | 9,100,689,137.42 |
Investmentsinotherequityinstruments | 17,940,215.36 | 17,940,215.36 |
Othernon-currentfinancialassets | 396,353,137.96 | 396,353,137.96 |
Investmentproperty | 896,398,058.58 | 439,835,051.61 |
Fixedassets | 408,039,474.28 | 418,021,638.28 |
Constructioninprogress | 10,456,702.05 | 481,659,536.66 |
Productivelivingassets | ||
Oilandgasassets | ||
Right-of-useassets | 1,341,125.40 | |
Intangibleassets | 44,546,041.59 | 65,620,126.31 |
Developmentcosts | ||
Goodwill | ||
Long-termprepaidexpense | 43,352,655.77 | 36,665,581.09 |
Deferredincometaxassets | 1,186,943,851.11 | 1,127,531,647.49 |
Othernon-currentassets | 42,958,066.97 | 458,931.60 |
Totalnon-currentassets | 11,400,175,721.81 | 12,086,116,129.18 |
Totalassets | 32,592,938,864.33 | 35,103,958,884.84 |
Currentliabilities: | ||
Short-termborrowings | 2,344,154,349.99 | 2,217,049,472.22 |
Held-for-tradingfinancialliabilities |
KonkaGroupCo.,Ltd.AnnualReport2023
Derivativefinancialliabilities | ||
Notespayable | 83,813,428.75 | 890,526,510.04 |
Accountspayable | 6,459,535,317.41 | 6,918,579,963.57 |
Advancesfromcustomers | ||
Contractliabilities | 943,718,573.19 | 2,445,363,632.98 |
Employeebenefitspayable | 65,273,780.70 | 90,137,022.47 |
Taxespayable | 9,069,845.15 | 4,095,684.11 |
Otherpayables | 3,471,748,973.76 | 3,941,891,644.62 |
Including:Interestpayable | 29,271,307.22 | |
Dividendspayable | ||
Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
Currentportionofnon-currentliabilities | 5,206,842,165.89 | 151,933,839.55 |
Othercurrentliabilities | 9,728,362.56 | 7,129,729.38 |
Totalcurrentliabilities | 18,593,884,797.40 | 16,666,707,498.94 |
Non-currentliabilities: | ||
Long-termborrowings | 6,655,411,621.10 | 8,261,287,052.44 |
Bondspayable | 2,426,992,578.67 | 4,792,392,044.13 |
Including:Preferredshares | ||
Perpetualbonds | ||
Leaseliabilities | ||
Long-termpayables | ||
Long-termemployeebenefitspayable | ||
Provisions | 201,607,949.06 | 83,666,032.25 |
Deferredincome | 40,966,821.50 | 43,377,324.62 |
Deferredincometaxliabilities | 69,803,544.47 |
KonkaGroupCo.,Ltd.AnnualReport2023
Othernon-currentliabilities | 45,682,878.82 | 42,948,698.55 |
Totalnon-currentliabilities | 9,440,465,393.62 | 13,223,671,151.99 |
Totalliabilities | 28,034,350,191.02 | 29,890,378,650.93 |
Owners’equity: | ||
Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 341,229,750.75 | 241,044,390.55 |
Less:Treasurystock | ||
Othercomprehensiveincome | -1,399,371.64 | -1,500,000.00 |
Specificreserve | ||
Surplusreserves | 1,260,024,039.76 | 1,260,024,039.76 |
Retainedearnings | 550,788,846.44 | 1,306,066,395.60 |
Totalowners’equity | 4,558,588,673.31 | 5,213,580,233.91 |
Totalliabilitiesandowners’equity | 32,592,938,864.33 | 35,103,958,884.84 |
3.ConsolidatedIncomeStatement
Unit:RMB
Item | 2023 | 2022 |
1.Revenue | 17,849,331,429.24 | 29,607,854,255.27 |
Including:Operatingrevenue | 17,849,331,429.24 | 29,607,854,255.27 |
Interestrevenue | ||
Insurancepremiumincome | ||
Handlingchargeandcommissionincome | ||
2.Costsandexpenses | 20,267,187,420.23 | 32,164,076,308.01 |
Including:Costofsales | 17,149,036,750.50 | 28,788,638,393.88 |
KonkaGroupCo.,Ltd.AnnualReport2023
Interestcosts | ||
Handlingchargeandcommissionexpense | ||
Surrenders | ||
Netinsuranceclaimspaid | ||
Netamountprovidedasinsurancecontractreserve | ||
Expenditureonpolicydividends | ||
Reinsurancepremiumexpense | ||
Taxesandsurcharges | 105,488,040.47 | 119,339,820.01 |
Sellingexpense | 1,145,124,848.96 | 1,240,144,735.77 |
Administrativeexpense | 807,527,910.20 | 949,647,590.28 |
R&Dexpense | 497,993,759.86 | 543,882,024.89 |
Financecosts | 562,016,110.24 | 522,423,743.18 |
Including:Interestexpense | 884,535,066.01 | 913,721,408.10 |
Interestincome | 286,969,209.86 | 237,115,652.09 |
Add:Otherincome | 270,618,031.94 | 928,712,500.81 |
Returnoninvestment(“-”forloss) | 675,405,221.53 | 936,006,397.44 |
Including:Shareofprofitorlossofjointventuresandassociates | -170,413,352.22 | 123,392,731.97 |
Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | -4,507,260.06 | |
Exchangegain(“-”forloss) | ||
Netgainonexposurehedges(“-”forloss) | ||
Gainonchangesinfairvalue(“-”forloss) | -97,937,910.89 | -40,731,333.54 |
Creditimpairmentloss(“-”forloss) | -456,603,000.84 | -949,885,019.53 |
Assetimpairmentloss(“-”forloss) | -560,592,965.39 | -295,395,852.33 |
KonkaGroupCo.,Ltd.AnnualReport2023
Assetdisposalincome(“-”forloss) | 54,321.20 | 9,580,708.29 |
3.Operatingprofit(“-”forloss) | -2,586,912,293.44 | -1,967,934,651.60 |
Add:Non-operatingincome | 26,263,072.49 | 125,139,042.00 |
Less:Non-operatingexpense | 156,685,855.03 | 224,724,245.84 |
4.Profitbeforetax(“-”forloss) | -2,717,335,075.98 | -2,067,519,855.44 |
Less:Incometaxexpense | -81,448,414.64 | -298,299,507.08 |
5.Netprofit(“-”fornetloss) | -2,635,886,661.34 | -1,769,220,348.36 |
5.1Byoperatingcontinuity | ||
5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | -2,635,886,661.34 | -1,769,220,348.36 |
5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.2Byownership | ||
5.2.1NetprofitattributabletoshareholdersoftheCompanyastheparent | -2,163,790,053.17 | -1,470,466,806.68 |
5.2.1Netprofitattributabletonon-controllinginterests | -472,096,608.17 | -298,753,541.68 |
6.Othercomprehensiveincome,netoftax | -84,979.37 | 7,669,161.80 |
AttributabletoownersoftheCompanyastheparent | 821,623.19 | 6,070,906.24 |
6.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
6.1.5Other |
KonkaGroupCo.,Ltd.AnnualReport2023
6.2Itemsthatwillbereclassifiedtoprofitorloss | 821,623.19 | 6,070,906.24 |
6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | -86,041.63 | -2,814,803.62 |
6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
6.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
6.2.5Reserveforcashflowhedges | ||
6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | 907,664.82 | 8,885,709.86 |
6.2.7Other | ||
Attributabletonon-controllinginterests | -906,602.56 | 1,598,255.56 |
7.Totalcomprehensiveincome | -2,635,971,640.71 | -1,761,551,186.56 |
AttributabletoownersoftheCompanyastheparent | -2,162,968,429.98 | -1,464,395,900.44 |
Attributabletonon-controllinginterests | -473,003,210.73 | -297,155,286.12 |
8.Earningspershare | ||
8.1Basicearningspershare | -0.8986 | -0.6107 |
8.2Dilutedearningspershare | -0.8986 | -0.6107 |
Legalrepresentative:ZhouBinCFO:LiChunleiHeadofthefinancialdepartment:PingHeng
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
Item | 2023 | 2022 |
1.Operatingrevenue | 1,847,995,092.79 | 1,811,783,519.02 |
Less:Costofsales | 1,881,115,675.91 | 1,962,490,364.97 |
Taxesandsurcharges | 13,005,236.44 | 15,338,452.88 |
KonkaGroupCo.,Ltd.AnnualReport2023
Sellingexpense | 246,898,982.08 | 366,876,186.97 |
Administrativeexpense | 294,635,923.59 | 336,016,963.92 |
R&Dexpense | 33,956,995.43 | 72,787,542.14 |
Financecosts | 417,683,630.95 | 285,666,822.84 |
Including:Interestcosts | 790,542,260.97 | 819,229,878.82 |
Interestrevenue | 357,509,620.15 | 353,261,761.47 |
Add:Otherincome | 51,184,013.42 | 54,121,427.81 |
Returnoninvestment(“-”forloss) | 644,677,669.41 | 538,946,392.20 |
Including:Shareofprofitorlossofjointventuresandassociates | -34,502,328.35 | 138,908,805.41 |
Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
Netgainonexposurehedges(“-”forloss) | ||
Gainonchangesinfairvalue(“-”forloss) | -133,358,646.82 | -44,886,112.74 |
Creditimpairmentloss(“-”forloss) | -86,470,747.72 | -711,816,020.43 |
Assetimpairmentloss(“-”forloss) | -90,170,750.24 | -355,291,000.36 |
Assetdisposalincome(“-”forloss) | -17,987.13 | 6,034,182.85 |
2.Operatingprofit(“-”forloss) | -653,457,800.69 | -1,740,283,945.37 |
Add:Non-operatingincome | 2,160,817.77 | 91,504,267.54 |
Less:Non-operatingexpense | 87,467,742.44 | 64,661,744.87 |
3.Profitbeforetax(“-”forloss) | -738,764,725.36 | -1,713,441,422.70 |
Less:Incometaxexpense | 10,424,753.35 | -415,717,523.01 |
4.Netprofit(“-”fornetloss) | -749,189,478.71 | -1,297,723,899.69 |
4.1Netprofitfromcontinuingoperations(“-”fornetloss) | -749,189,478.71 | -1,297,723,899.69 |
4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.Othercomprehensiveincome,netof | 100,628.36 |
KonkaGroupCo.,Ltd.AnnualReport2023
tax | ||
5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
5.1.5Other | ||
5.2Itemsthatwillbereclassifiedtoprofitorloss | 100,628.36 | |
5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | 100,628.36 | |
5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
5.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
5.2.5Reserveforcashflowhedges | ||
5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
5.2.7Other | ||
6.Totalcomprehensiveincome | -749,088,850.35 | -1,297,723,899.69 |
7.Earningspershare | ||
7.1Basicearningspershare | -0.31 | -0.54 |
7.2Dilutedearningspershare | -0.31 | -0.54 |
KonkaGroupCo.,Ltd.AnnualReport2023
5.ConsolidatedCashFlowStatement
Unit:RMB
Item | 2023 | 2022 |
1.Cashflowsfromoperatingactivities: | ||
Proceedsfromsaleofcommoditiesandrenderingofservices | 17,378,235,561.44 | 31,247,109,491.35 |
Netincreaseincustomerdepositsandinterbankdeposits | ||
Netincreaseinborrowingsfromthecentralbank | ||
Netincreaseinloansfromotherfinancialinstitutions | ||
Premiumsreceivedonoriginalinsurancecontracts | ||
Netproceedsfromreinsurance | ||
Netincreaseindepositsandinvestmentsofpolicyholders | ||
Interest,handlingchargesandcommissionsreceived | ||
Netincreaseininterbankloansobtained | ||
Netincreaseinproceedsfromrepurchasetransactions | ||
Netproceedsfromactingtradingofsecurities | ||
Taxrebates | 233,820,738.77 | 622,846,091.66 |
Cashgeneratedfromotheroperatingactivities | 1,091,889,678.99 | 1,597,087,027.13 |
Subtotalofcashgeneratedfromoperatingactivities | 18,703,945,979.20 | 33,467,042,610.14 |
Paymentsforcommoditiesandservices | 14,643,693,951.06 | 29,639,887,809.19 |
Netincreaseinloansandadvancestocustomers | ||
Netincreaseindepositsinthecentralbankandininterbankloansgranted |
KonkaGroupCo.,Ltd.AnnualReport2023
Paymentsforclaimsonoriginalinsurancecontracts | ||
Netincreaseininterbankloansgranted | ||
Interest,handlingchargesandcommissionspaid | ||
Policydividendspaid | ||
Cashpaidtoandforemployees | 1,734,831,096.85 | 1,800,638,478.78 |
Taxespaid | 466,335,778.71 | 585,416,375.42 |
Cashusedinotheroperatingactivities | 1,305,983,874.68 | 1,969,402,988.58 |
Subtotalofcashusedinoperatingactivities | 18,150,844,701.30 | 33,995,345,651.97 |
Netcashgeneratedfrom/usedinoperatingactivities | 553,101,277.90 | -528,303,041.83 |
2.Cashflowsfrominvestingactivities: | ||
Proceedsfromdisinvestment | 1,463,288,277.00 | 875,506,214.56 |
Returnoninvestment | 140,970,812.05 | 128,778,266.85 |
Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 27,438,051.10 | 9,239,243.90 |
Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | 165,963,074.98 | 297,094,350.04 |
Cashgeneratedfromotherinvestingactivities | 683,929,746.03 | 3,988,535,308.42 |
Subtotalofcashgeneratedfrominvestingactivities | 2,481,589,961.16 | 5,299,153,383.77 |
Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 1,476,559,951.04 | 3,613,087,559.62 |
Paymentsforinvestments | 7,200,000.00 | 877,816,559.18 |
Netincreaseinpledgedloansgranted | ||
Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
Cashusedinotherinvestingactivities | 529,573,236.98 | 482,014,454.76 |
Subtotalofcashusedininvesting | 2,013,333,188.02 | 4,972,918,573.56 |
KonkaGroupCo.,Ltd.AnnualReport2023
activities | ||
Netcashgeneratedfrom/usedininvestingactivities | 468,256,773.14 | 326,234,810.21 |
3.Cashflowsfromfinancingactivities: | ||
Capitalcontributionsreceived | 1,978,378.97 | 87,895,628.12 |
Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 1,978,378.97 | 87,895,628.12 |
Borrowingsraised | 10,950,030,506.74 | 20,760,552,594.08 |
Cashgeneratedfromotherfinancingactivities | 738,205,183.98 | 525,285,976.82 |
Subtotalofcashgeneratedfromfinancingactivities | 11,690,214,069.69 | 21,373,734,199.02 |
Repaymentofborrowings | 10,672,675,811.70 | 19,821,101,947.09 |
Interestanddividendspaid | 812,403,661.30 | 1,025,755,719.07 |
Including:Dividendspaidbysubsidiariestonon-controllinginterests | 735,000.00 | 110,680,000.00 |
Cashusedinotherfinancingactivities | 1,036,318,624.40 | 859,164,470.60 |
Subtotalofcashusedinfinancingactivities | 12,521,398,097.40 | 21,706,022,136.76 |
Netcashgeneratedfrom/usedinfinancingactivities | -831,184,027.71 | -332,287,937.74 |
4.Effectofforeignexchangerateschangesoncashandcashequivalents | 22,698,315.32 | 27,920,961.23 |
5.Netincreaseincashandcashequivalents | 212,872,338.65 | -506,435,208.13 |
Add:Cashandcashequivalents,beginningoftheperiod | 5,461,912,010.90 | 5,968,347,219.03 |
6.Cashandcashequivalents,endoftheperiod | 5,674,784,349.55 | 5,461,912,010.90 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
Item | 2023 | 2022 |
1.Cashflowsfromoperatingactivities: |
KonkaGroupCo.,Ltd.AnnualReport2023
Proceedsfromsaleofcommoditiesandrenderingofservices | 5,703,782,163.83 | 7,297,996,873.73 |
Taxrebates | 70,166,100.06 | 230,063,490.93 |
Cashgeneratedfromotheroperatingactivities | 208,374,488.43 | 372,486,582.46 |
Subtotalofcashgeneratedfromoperatingactivities | 5,982,322,752.32 | 7,900,546,947.12 |
Paymentsforcommoditiesandservices | 6,122,040,543.84 | 7,900,208,310.15 |
Cashpaidtoandforemployees | 250,167,106.81 | 312,957,158.05 |
Taxespaid | 21,411,524.06 | 44,490,340.42 |
Cashusedinotheroperatingactivities | 382,250,859.55 | 927,360,896.15 |
Subtotalofcashusedinoperatingactivities | 6,775,870,034.26 | 9,185,016,704.77 |
Netcashgeneratedfrom/usedinoperatingactivities | -793,547,281.94 | -1,284,469,757.65 |
2.Cashflowsfrominvestingactivities: | ||
Proceedsfromdisinvestment | 962,711,727.95 | 572,941,738.40 |
Returnoninvestment | 73,394,567.02 | 70,285,307.27 |
Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 493,918.22 | 66,770.14 |
Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
Cashgeneratedfromotherinvestingactivities | 4,984,828,057.53 | 6,707,788,692.79 |
Subtotalofcashgeneratedfrominvestingactivities | 6,021,428,270.72 | 7,351,082,508.60 |
Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 126,046,197.64 | 219,097,737.67 |
Paymentsforinvestments | 139,400,000.00 | 896,121,280.49 |
Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
Cashusedinotherinvestingactivities | 3,091,985,302.32 | 6,311,902,161.21 |
KonkaGroupCo.,Ltd.AnnualReport2023
Subtotalofcashusedininvestingactivities | 3,357,431,499.96 | 7,427,121,179.37 |
Netcashgeneratedfrom/usedininvestingactivities | 2,663,996,770.76 | -76,038,670.77 |
3.Cashflowsfromfinancingactivities: | ||
Capitalcontributionsreceived | ||
Borrowingsraised | 8,177,775,555.56 | 17,271,455,216.03 |
Cashgeneratedfromotherfinancingactivities | 9,919,391,242.45 | 15,043,752,843.76 |
Subtotalofcashgeneratedfromfinancingactivities | 18,097,166,798.01 | 32,315,208,059.79 |
Repaymentofborrowings | 7,748,613,878.32 | 15,948,765,699.19 |
Interestanddividendspaid | 816,702,948.88 | 814,951,365.94 |
Cashusedinotherfinancingactivities | 10,977,125,705.33 | 15,040,575,205.97 |
Subtotalofcashusedinfinancingactivities | 19,542,442,532.53 | 31,804,292,271.10 |
Netcashgeneratedfrom/usedinfinancingactivities | -1,445,275,734.52 | 510,915,788.69 |
4.Effectofforeignexchangerateschangesoncashandcashequivalents | 4,531,990.24 | 597,369.19 |
5.Netincreaseincashandcashequivalents | 429,705,744.54 | -848,995,270.54 |
Add:Cashandcashequivalents,beginningoftheperiod | 3,833,613,544.22 | 4,682,608,814.76 |
6.Cashandcashequivalents,endoftheperiod | 4,263,319,288.76 | 3,833,613,544.22 |
KonkaGroupCo.,Ltd.AnnualReport2023
7.ConsolidatedStatementsofChangesinOwners’Equity
2023
Unit:RMB
Item | 2023 | ||||||||||||||
EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
Preferredshares | Perpetualbonds | Other | |||||||||||||
1.Balanceasattheendoftheprioryear | 2,407,945,408.00 | 365,247,361.05 | -14,265,181.63 | 1,244,180,364.24 | 3,637,291,770.33 | 7,640,399,721.99 | 820,973,239.93 | 8,461,372,961.92 | |||||||
Add:Adjustmentforchangeinaccountingpolicy | 1,060,258.69 | 1,060,258.69 | 1,060,258.69 | ||||||||||||
Adjustmentforcorrectionofpreviouserror | |||||||||||||||
Otheradjustments | |||||||||||||||
2.Balanceasatthebeginningoftheyear | 2,407,945,408.00 | 365,247,361.05 | -14,265,181.63 | 1,244,180,364.24 | 3,638,352,029.02 | 7,641,459,980.68 | 820,973,239.93 | 8,462,433,220.61 | |||||||
3.Increase/decreaseintheperiod(“-”fordecrease) | 161,252,145.71 | 821,623.19 | 4,657,488.24 | -2,163,790,053.17 | -1,997,058,796.03 | -558,751,560.44 | -2,555,810,356.47 | ||||||||
3.1Totalcomprehensiveincome | 821,623.19 | -2,163,790,053.17 | -2,162,968,429.98 | -473,003,210.73 | -2,635,971,640.71 |
KonkaGroupCo.,Ltd.AnnualReport2023
3.2Capitalincreasedandreducedbyowners | 161,252,145.71 | 161,252,145.71 | -86,392,628.48 | 74,859,517.23 | ||
3.2.1Ordinarysharesincreasedbyowners | -16,021,621.03 | -16,021,621.03 | ||||
3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||
3.2.3Share-basedpaymentsincludedinowners’equity | ||||||
3.2.4Other | 161,252,145.71 | 161,252,145.71 | -70,371,007.45 | 90,881,138.26 | ||
3.3Profitdistribution | -735,000.00 | -735,000.00 | ||||
3.3.1Appropriationtosurplusreserves | ||||||
3.3.2Appropriationtogeneralreserve | ||||||
3.3.3Appropriationtoowners(orshareholders) | -735,000.00 | -735,000.00 | ||||
3.3.4Other | ||||||
3.4Transferswithinowners’equity | ||||||
3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||
3.4.2Increaseincapital(orsharecapital)fromsurplusreserves |
KonkaGroupCo.,Ltd.AnnualReport2023
3.4.3Lossoffsetbysurplusreserves | |||||||||||||
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | |||||||||||||
3.4.5Othercomprehensiveincometransferredtoretainedearnings | |||||||||||||
3.4.6Other | |||||||||||||
3.5Specificreserve | 4,657,488.24 | 4,657,488.24 | 669,962.82 | 5,327,451.06 | |||||||||
3.5.1Increaseintheperiod | 5,509,215.43 | 5,509,215.43 | 933,563.87 | 6,442,779.30 | |||||||||
3.5.2Usedintheperiod | 851,727.19 | 851,727.19 | 263,601.05 | 1,115,328.24 | |||||||||
3.6Other | 709,315.95 | 709,315.95 | |||||||||||
4.Balanceasattheendoftheperiod | 2,407,945,408.00 | 526,499,506.76 | -13,443,558.44 | 4,657,488.24 | 1,244,180,364.24 | 1,474,561,975.85 | 5,644,401,184.65 | 262,221,679.49 | 5,906,622,864.14 |
2022
Unit:RMB
Item | 2022 | ||||||||||||
EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||
Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treas | Othercomprehensive | Specific | Surplusreserves | General | Retainedearnings | Ot | Subtotal |
KonkaGroupCo.,Ltd.AnnualReport2023
Preferredshares | Perpetualbonds | Other | urystock | income | reserve | reserve | her | ||||||||
1.Balanceasattheendoftheprioryear | 2,407,945,408.00 | 234,389,963.10 | -20,336,087.87 | 1,244,180,364.24 | 5,229,098,788.94 | 9,095,278,436.41 | 1,105,670,912.02 | 10,200,949,348.43 | |||||||
Add:Adjustmentforchangeinaccountingpolicy | 117,317.16 | 117,317.16 | 117,317.16 | ||||||||||||
Adjustmentforcorrectionofpreviouserror | |||||||||||||||
Otheradjustments | |||||||||||||||
2.Balanceasatthebeginningoftheyear | 2,407,945,408.00 | 234,389,963.10 | -20,336,087.87 | 1,244,180,364.24 | 5,229,216,106.10 | 9,095,395,753.57 | 1,105,670,912.02 | 10,201,066,665.59 | |||||||
3.Increase/decreaseintheperiod(“-”fordecrease) | 130,857,397.95 | 6,070,906.24 | -1,590,864,077.08 | -1,453,935,772.89 | -284,697,672.09 | -1,738,633,444.98 | |||||||||
3.1Totalcomprehensiveincome | 6,070,906.24 | -1,470,466,806.68 | -1,464,395,900.44 | -297,155,286.12 | -1,761,551,186.56 | ||||||||||
3.2Capitalincreasedandreducedbyowners | 130,857,397.95 | 130,857,397.95 | 123,636,214.83 | 254,493,612.78 | |||||||||||
3.2.1Ordinarysharesincreasedbyowners | 87,895,628.12 | 87,895,628.12 | |||||||||||||
3.2.2Capitalincreasedbyholdersofotherequityinstruments | |||||||||||||||
3.2.3Share-basedpaymentsincludedinowners’equity | |||||||||||||||
3.2.4Other | 130,857,397.95 | 130,857,397.95 | 35,740,586.71 | 166,597,984.66 |
KonkaGroupCo.,Ltd.AnnualReport2023
3.3Profitdistribution | -120,397,270.40 | -120,397,270.40 | -110,680,000.00 | -231,077,270.40 | ||
3.3.1Appropriationtosurplusreserves | ||||||
3.3.2Appropriationtogeneralreserve | ||||||
3.3.3Appropriationtoowners(orshareholders) | -120,397,270.40 | -120,397,270.40 | -110,680,000.00 | -231,077,270.40 | ||
3.3.4Other | ||||||
3.4Transferswithinowners’equity | ||||||
3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||
3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||
3.4.3Lossoffsetbysurplusreserves | ||||||
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||
3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||
3.4.6Other | ||||||
3.5Specificreserve |
KonkaGroupCo.,Ltd.AnnualReport2023
3.5.1Increaseintheperiod | |||||||||||||
3.5.2Usedintheperiod | |||||||||||||
3.6Other | -498,600.80 | -498,600.80 | |||||||||||
4.Balanceasattheendoftheperiod | 2,407,945,408.00 | 365,247,361.05 | -14,265,181.63 | 1,244,180,364.24 | 3,638,352,029.02 | 7,641,459,980.68 | 820,973,239.93 | 8,462,433,220.61 |
8.StatementsofChangesinOwners’EquityoftheCompanyastheParent
2023
Unit:RMB
Item | 2023 | |||||||||||
Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
Preferredshares | Perpetualbonds | Other | ||||||||||
1.Balanceasattheendoftheprioryear | 2,407,945,408.00 | 241,044,390.55 | -1,500,000.00 | 1,260,024,039.76 | 1,306,066,395.60 | 5,213,580,233.91 | ||||||
Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
Adjustmentforcorrectionofpreviouserror | ||||||||||||
Otheradjustments | -6,088,070.45 | -6,088,070.45 | ||||||||||
2.Balanceasatthebeginningoftheyear | 2,407,945,408.00 | 241,044,390.55 | -1,500,000.00 | 1,260,024,039.76 | 1,299,978,325.15 | 5,207,492,163.46 | ||||||
3.Increase/decreaseintheperiod(“-”for | 100,185,360.20 | 100,628.36 | -749,189,478.71 | -648,903,490.15 |
KonkaGroupCo.,Ltd.AnnualReport2023
decrease) | ||||||||
3.1Totalcomprehensiveincome | 100,628.36 | -749,189,478.71 | -749,088,850.35 | |||||
3.2Capitalincreasedandreducedbyowners | 100,185,360.20 | 100,185,360.20 | ||||||
3.2.1Ordinarysharesincreasedbyowners | ||||||||
3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||
3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||
3.2.4Other | 100,185,360.20 | 100,185,360.20 | ||||||
3.3Profitdistribution | ||||||||
3.3.1Appropriationtosurplusreserves | ||||||||
3.3.2Appropriationtoowners(orshareholders) | ||||||||
3.3.3Other | ||||||||
3.4Transferswithinowners’equity | ||||||||
3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||
3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||||
3.4.3Lossoffsetbysurplusreserves | ||||||||
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings |
KonkaGroupCo.,Ltd.AnnualReport2023
3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||||
3.4.6Other | ||||||||||
3.5Specificreserve | ||||||||||
3.5.1Increaseintheperiod | ||||||||||
3.5.2Usedintheperiod | ||||||||||
3.6Other | ||||||||||
4.Balanceasattheendoftheperiod | 2,407,945,408.00 | 341,229,750.75 | -1,399,371.64 | 1,260,024,039.76 | 550,788,846.44 | 4,558,588,673.31 |
2022
Unit:RMB
Item | 2022 | |||||||||||
Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
Preferredshares | Perpetualbonds | Other | ||||||||||
1.Balanceasattheendoftheprioryear | 2,407,945,408.00 | 110,696,992.60 | -1,500,000.00 | 1,260,024,039.76 | 2,724,187,542.59 | 6,501,353,982.95 | ||||||
Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
Adjustmentforcorrectionofpreviouserror | ||||||||||||
Otheradjustments | 23.10 | 23.10 |
KonkaGroupCo.,Ltd.AnnualReport2023
2.Balanceasatthebeginningoftheyear | 2,407,945,408.00 | 110,696,992.60 | -1,500,000.00 | 1,260,024,039.76 | 2,724,187,565.69 | 6,501,354,006.05 | ||||
3.Increase/decreaseintheperiod(“-”fordecrease) | 130,347,397.95 | -1,418,121,170.09 | -1,287,773,772.14 | |||||||
3.1Totalcomprehensiveincome | -1,297,723,899.69 | -1,297,723,899.69 | ||||||||
3.2Capitalincreasedandreducedbyowners | 130,347,397.95 | 130,347,397.95 | ||||||||
3.2.1Ordinarysharesincreasedbyowners | ||||||||||
3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||
3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||
3.2.4Other | 130,347,397.95 | 130,347,397.95 | ||||||||
3.3Profitdistribution | -120,397,270.40 | -120,397,270.40 | ||||||||
3.3.1Appropriationtosurplusreserves | ||||||||||
3.3.2Appropriationtoowners(orshareholders) | -120,397,270.40 | -120,397,270.40 | ||||||||
3.3.3Other | ||||||||||
3.4Transferswithinowners’equity | ||||||||||
3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||||
3.4.2Increaseincapital(orsharecapital)fromsurplusreserves |
KonkaGroupCo.,Ltd.AnnualReport2023
3.4.3Lossoffsetbysurplusreserves | ||||||||||
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||||
3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||||
3.4.6Other | ||||||||||
3.5Specificreserve | ||||||||||
3.5.1Increaseintheperiod | ||||||||||
3.5.2Usedintheperiod | ||||||||||
3.6Other | ||||||||||
4.Balanceasattheendoftheperiod | 2,407,945,408.00 | 241,044,390.55 | -1,500,000.00 | 1,260,024,039.76 | 1,306,066,395.60 | 5,213,580,233.91 |
I.CompanyProfile
1.EstablishmentKonkaGroupCo.,Ltd.(hereinafterreferredtoas“theCompany”andthe“Group”whenincludingsubsidiaries),isajoint-stocklimitedcompanyreorganizedfromtheformerShenzhenKonkaElectronicCo.,Ltd.inAugust1991uponapprovalofthePeople’sGovernmentofShenzhenMunicipality,andhasitsordinaryshares(A-shareandB-share)listedonShenzhenStockExchangewithpriorconsentfromthePeople’sBankofChinaShenzhenSpecialEconomicZoneBranch.On29August1995,theCompanywasrenamedto“KonkaGroupCo.,Ltd.”(Credibilitycode:914403006188155783)withitsmainbusinesselectronicindustry.AndnowtheheadquarterslocatesinNo.28ofNo.12ofKejiSouthRd.,Science&TechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince.
2.SharecapitalAfterthedistributionofbonusshares,allotments,increasedsharecapitalandnewsharesissuedovertheyears,asof31December2023,theCompanyhasissuedatotalof2,407,945,408.00shares(denominationofRMB1pershare)witharegisteredcapitalofRMB2,407,945,408.00.
3.Thenatureofthecompany'sbusinessandmainoperatingactivitiesTheGroupwasmainlyengagedinconsumerelectronicsandsemiconductorbusinesses,conductingtheproductionandsalesofcolourTVs,whitegoods,optoelectronicdisplay,storageandprintedcircuitBoards,etc.
4.ThefinancialstatementscontainedhereinhavebeenapprovedforissuebytheBoardofDirectorsoftheCompanyon29March2024.
II.Consolidationscope
TheCompanyhasatotalof116subsidiariesincludedintheconsolidationscopeincludingShenzhenKonkaElectronicsTechnologyCo.,Ltd.,AnhuiKonkaElectronicCo.,Ltd.andDongguanKonkaElectronicCo.,Ltd.TheconsolidationscopeoftheCompanyfortheReportingPerioddecreasedby11householdsincludingSichuanHongxinchenRealEstateDevelopmentCo.,Ltd.,ChongqingKangxingruiEnvironmentalTechnologyCo.,Ltd.,etc.duetolosingcontrolorcancellationcomparedtothesameperiodoflastyear.Fordetails,pleaserefertoNote8“Changesintheconsolidationscope”andNote9"EquityinOtherEntities".AchecklistofcorporatenamesandtheirabbreviationsmentionedinthisReport
No. | Corporatename | Abbreviation |
1 | ShenzhenKonkaElectronicsTechnologyCo.,Ltd. | ElectronicsTechnology |
2 | AnhuiKonkaZhilianE-CommerceCo.,Ltd. | AnhuiZhilian |
3 | NantongHaimenKonkaSmartTechnologyCo.,Ltd. | HaimenKonka |
4 | ChengduKonkaSmartTechnologyCo.,Ltd. | ChengduKonkaSmart |
5 | ChengduKonkaElectronicCo.,Ltd. | ChengduKonkaElectronic |
6 | NantongHongdinSmartTechnologyCo.,Ltd. | NantongHongdin |
7 | ShenzhenKangchengTechnologyInnovationandDevelopmentCo.,Ltd. | ShenzhenKangcheng |
8 | XiaojiaTechnologyCo.,Ltd. | XiaojiaTechnology |
9 | LiaoyangKangshunSmartTechnologyCo.,Ltd. | LiaoyangKangshunSmart |
10 | LiaoyangKangshunRenewableResourcesCo.,Ltd. | LiaoyangKangshunRenewable |
11 | NanjingKonkaElectronicsCo.,Ltd. | NanjingKonka |
12 | ChuzhouKonkaPrecisionIntelligentManufacturingTechnologyCo.,Ltd. | ChuzhouKonka |
13 | GuangDongXingDaHongYeElectronicCo.,Ltd. | XingDaHongYe |
14 | ShenzhenKonkaCircuitCo.,Ltd. | KonkaCircuit |
15 | SuiningKonkaFlexibleElectronicTechnologyCo.,Ltd. | KonkaFlexibleElectronic |
16 | SuiningKonkaHongyeElectronicsCo.,Ltd. | KonkaHongyeElectronics |
17 | BoluoKonkaPrecisionTechnologyCo.,Ltd. | BoluoPrecision |
18 | BoluoKonkaPCBCo.,Ltd. | BoluoKonka |
19 | AnhuiKonkaTongchuangElectricalAppliancesCo.,Ltd. | AnhuiTongchuang |
20 | JiangsuKonkaSmartElectricalAppliancesCo.,Ltd. | JiangsuKonkaSmart |
21 | AnhuiKonkaElectricalApplianceTechnologyCo.,Ltd. | AnhuiElectricalAppliance |
22 | HenanFrestecRefrigerationApplianceCo.,Ltd. | FrestecRefrigeration |
23 | HenanFrestecElectricalAppliancesCo.,Ltd. | FrestecElectricalAppliances |
24 | HenanFrestecHouseholdAppliancesCo.,Ltd. | FrestecHouseholdAppliances |
No. | Corporatename | Abbreviation |
25 | HenanFrestecSmartHomeTechnologyCo.,Ltd. | FrestecSmartHome |
26 | ShenzhenKonkaInvestmentHoldingsCo.,Ltd. | KonkaInvestment |
27 | YibinKonkaTechnologyParkOperationCo.,Ltd. | YibinKonkaTechnologyPark |
28 | ShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd. | KonkaCapital |
29 | KonkaSuiyongInvestment(Shenzhen)Co.,Ltd. | KonkaSuiyong |
30 | ShenzhenKonkaShengxingIndustrialCo.,Ltd. | ShengxingIndustrial |
31 | ShenzhenKonkaZhitongTechnologyCo.,Ltd. | ZhitongTechnology |
32 | KonkaElectronicMaterialTechnology(Shenzhen)Co.,Ltd. | KonkaElectronicMaterial |
33 | BeijingKonkaElectronicCo.,Ltd. | BeijingKonkaElectronic |
34 | TianjinKonkaTechnologyCo.,Ltd. | TianjinKonka |
35 | SuiningKonkaIndustrialParkDevelopmentCo.,Ltd. | SuiningKonkaIndustrialPark |
36 | SuiningKonkaElectronicTechnologicalInnovationCo.,Ltd. | SuiningElectronicTechnologicalInnovation |
37 | ShanghaiKonkaIndustrialCo.,Ltd. | ShanghaiKonka |
38 | YantaiKangjinTechnologyDevelopmentCo.,Ltd. | YantaiKangjin |
39 | ShenzhenKonkaMobileInterconnectionTechnologyCo.,Ltd. | MobileInterconnection |
40 | SichuanKonkaSmartTerminalTechnologyCo.,Ltd | SichuanKonka |
41 | YibinKonkaSmartTechnologyCo.,Ltd. | YibinSmart |
42 | ShenzhenKONSEMICo.,Ltd. | ShenzhenKONSEMI |
43 | ChongqingKonkaTechnologyDevelopmentCo.,Ltd. | ChongqingKonka |
44 | KowinMemoryTechnology(Shenzhen)Co.,Limited | KowinMemory(Shenzhen) |
45 | KowinMemoryTechnology(HongKong)Co.,Limited | KowinMemory(HongKong) |
46 | KonkaXinyunSemiconductorTechnology(Yancheng)Co.,Ltd. | KonkaXinyunSemiconductor |
47 | KonkaCross-border(Hebei)TechnologyDevelopmentCo.,Ltd. | KonkaCross-border(Hebei) |
48 | ShenzhenNianhuaEnterpriseManagementCo.,Ltd. | ShenzhenNianhua |
No. | Corporatename | Abbreviation |
49 | KonkaHuazhong(Hunan)TechnologyCo.,Ltd. | KonkaHuazhong |
50 | ShenzhenWankaidaScienceandTechnologyCo.,Ltd. | Wankaida |
51 | ShenzhenKonkaChuangzhiElectricalAppliancesCo.,Ltd. | ShenzhenChuangzhiElectricalAppliances |
52 | SuiningJiarunPropertyCo.,Ltd. | SuiningJiarunProperty |
53 | AnhuiKonkaElectronicCo.,Ltd. | AnhuiKonka |
54 | AnhuiKangzhiTradeCo.,Ltd. | KangzhiTrade |
55 | ShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd. | TelecommunicationTechnology |
56 | KonkaMobilityCo.,Limited | KonkaMobility |
57 | DongguanKonkaElectronicCo.,Ltd. | DongguanKonka |
58 | SuiningKonkaSmartTechnologyCo.,Ltd. | SuiningKonkaSmart |
59 | ChongqingKonkaOptoelectronicTechnologyCo.,Ltd. | ChongqingOptoelectronicTechnology |
60 | YibinKangrunEnvironmentalTechnologyCo.,Ltd. | YibinKangrun |
61 | YibinKangrunMedicalWasteCentralizedTreatmentCo.,Ltd. | YibinKangrunMedical |
62 | YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. | YibinKangrunEnvironmentalProtection |
63 | NingboKhrElectricApplianceCo.,Ltd. | NingboKhrElectricAppliance |
64 | JiangxiKonkaNewMaterialTechnologyCo.,Ltd. | JiangxiKonka |
65 | JiangxiHighTransparentSubstrateMaterialTechnologyCo.,Ltd. | JiangxiHighTransparentSubstrate |
66 | JiangsuKonkaSpecialMaterialTechnologyCo.,Ltd. | JiangsuKonkaSpecialMaterial |
67 | JiangxiXinfengMicrocrystallineJadeCo.,Ltd. | XinfengMicrocrystalline |
68 | KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd. | KonkaHuanjia |
69 | KonkaHuanjia(Henan)EnvironmentalTechnologyCo.,Ltd. | KonkaHuanjia(Henan) |
70 | ShanxiKonkaIntelligentApplianceCo.,Ltd. | ShanxiKonkaIntelligent |
71 | ShenzhenKonkaPengrunTechnology&IndustryCo.,Ltd. | PengrunTechnology |
No. | Corporatename | Abbreviation |
72 | JiaxinTechnologyCo.,Ltd. | JiaxinTechnology |
73 | KonkaRongheIndustrialTechnology(Zhejiang)Co.,Ltd. | KonkaRonghe |
74 | ChongqingKangxingruiEnvironmentalTechnologyCo.,Ltd. | ChongqingKangxingrui |
75 | ShenzhenKonkaUnifortuneTechnologyCo.,Ltd. | KonkaUnifortune |
76 | JialiInternational(HongKong)Limited | JialiInternational |
77 | SichuanKangjiatongTechnologyCo.,Ltd. | Kangjiatong |
78 | Kanghong(Yantai)EnvironmentalTechnologyCo.,Ltd. | Kanghong(Yantai)Environmental |
79 | Jiangkang(Shanghai)TechnologyCo.,Ltd. | Jiangkang(Shanghai)Technology |
80 | ShenzhenKonkaIntelligentManufacturingTechnologyCo.,Ltd. | KonkaIntelligentManufacturing |
81 | HainanKonkaTechnologyCo.,Ltd. | HainanKonkaTechnology |
82 | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | KonkaVentures |
83 | YibinKonkaIncubatorManagementCo.,Ltd. | YibinKonkaIncubator |
84 | YantaiKonkaHealthcareEnterpriseServiceCo.,Ltd. | YantaiKonka |
85 | ChengduAnrenKonkaCulturalandCreativeIncubatorManagementCo.,Ltd. | ChengduAnren |
86 | GuiyangKonkaEnterpriseServiceCo.,Ltd. | KonkaEnterpriseService |
87 | ShenzhenKonkaEco-DevelopmentInvestmentCo.,Ltd. | KonkaEco-Development |
88 | Konka(Europe)Co.,Ltd. | KonkaEurope |
89 | HongKongKonkaLimited | HongKongKonka |
90 | HongdinInternationalTradingLimited | HongdinTrading |
91 | KonkaNorthAmericaLLC | KonkaNorthAmerica |
92 | KanghaoTechnologyCo.,Ltd. | KanghaoTechnology |
93 | HongdinInvestDevelopmentLimited | HongdinInvest |
94 | ChainKingdomMemoryTechnologiesCo.,Limited | ChainKingdomMemoryTechnologies |
No. | Corporatename | Abbreviation |
95 | ChainKingdomSemiconductor(Shaoxing)Co.,Ltd. | ChainKingdomSemiconductor(Shaoxing) |
96 | Hongjet(HongKong)CompanyLimited | Hongjet |
97 | ChongqingXinyuanSemiconductorCo.,Ltd. | ChongqingXinyuanSemiconductor |
98 | AnluKonkaIndustryOperationServiceCo.Ltd. | AnluKonka |
99 | ShenzhenKanghongDongshengInvestmentPartnership(LimitedPartnership) | KanghongDongsheng |
100 | GuizhouKonkaNewMaterialTechnologyCo.,Ltd. | GuizhouKonkaNewMaterialTechnology |
101 | GuizhouKangguiEnergyCo.,Ltd. | GuizhouKangguiEnergy |
102 | GuangdongXinweiSemiconductorCo.,Ltd. | GuangdongXinwei |
103 | GuizhouKangguiMaterialTechnologyCo.,Ltd. | GuizhouKangguiMaterialTechnology |
104 | NantongKanghaiTechnologyIndustryDevelopmentCo.,Ltd. | NantongKanghai |
105 | ChongqingKangyiyunBusinessOperationManagementCo.,Ltd. | ChongqingKangyiyun |
106 | JiangxiKonkaHigh-techParkOperationandManagementCo.,Ltd. | JiangxiKonkaHigh-techPark |
107 | ShangraoKonkaElectronicTechnologyInnovationCo.,Ltd. | ShangraoKonkaElectronicTechnologyInnovation |
108 | GuizhouKonkaNewEnergyMaterialTechnologyCo.,Ltd. | GuizhouKonkaNewEnergy |
109 | ZhejiangKonkaElectronicsCo.,Ltd. | ZhejiangKonkaElectronic |
110 | ZhejiangKonkaTechnologyIndustryDevelopmentCo.,Ltd. | ZhejiangKonkaTechnologyIndustry |
111 | SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | SichuanHongxinchen |
112 | Xi'anKonkaIntelligentApplianceCo.,Ltd. | Xi'anKonkaIntelligent |
113 | Xi'anKonkaNetworkTechnologyCo.,Ltd. | Xi'anKonkaNetwork |
114 | Xi'anKanghongTechnologyIndustryDevelopmentCo.,Ltd. | Xi'anKanghongTechnologyIndustry |
115 | Xi'anKonkaIntelligentTechnologyDevelopmentCo.,Ltd. | Xi'anKonkaIntelligentTechnology |
No. | Corporatename | Abbreviation |
116 | AnhuiKonkaLowCarbonTechnologyCo.,Ltd. | AnhuiKonkaLowCarbon |
117 | ShenzhenKanghongXintongInvestmentPartnership(LimitedPartnership) | KanghongXintong |
118 | SongyangKonkaSmartIndustryOperationManagementCo.,Ltd. | SongyangIndustryOperation |
119 | ShenzhenKangyanTechnologyCo.,Ltd. | KangyanTechnology |
120 | KonkaPhotovoltaicTechnologyCo.,Ltd. | KonkaPhotovoltaicTechnology |
121 | SongyangKonkaIntelligentTechnologyDevelopmentCo.,Ltd. | SongyangKonkaIntelligent |
122 | KonkaNorthChina(Tianjin)TechnologyCo.,Ltd. | KonkaNorthChina |
123 | ZhongshanKanghongElectronicTechnologyCo.,Ltd. | ZhongshanKanghong |
124 | ShenzhenKonkaDigitalTechnologyDevelopmentCo.,Ltd. | DigitalTechnology |
125 | ChongqingKangxingruiScrapedAutomobileRecyclingCo.,Ltd. | ChongqingKangxingruiAutomobileRecycling |
126 | ChongqingKangxingruiRenewableResourcesCo.,Ltd. | KangxingruiRenewableResources |
127 | ChongqingFangbingRealEstateCo.,Ltd. | ChongqingFangbingRealEstate |
III.BasisforthePreparationofFinancialStatements
1.BasicforthepreparationTheGroup'sfinancialstatementswerepreparedinaccordancewiththeAccountingStandardsforBusinessEnterprisespromulgatedbytheMinistryofFinanceaswellasguidelinesonaccountingstandardsforbusinessenterprises,announcementsoninterpretingtheaccountingstandardsforbusinessenterprisesandotherrelatedregulations(hereinaftercollectivelyreferredtoasthe"AccountingStandardsforBusinessEnterprises"),aswellasthedisclosureregulationsoftheGeneralProvisionsonFinancialReportingNo.15forCompaniesPubliclyIssuingSecurities(revisedin2023)bytheChinaSecuritiesRegulatoryCommission(hereinafterreferredtoasthe"CSRC").
2.Going-concernTheGrouphasevaluateditsabilitytocontinueasagoingconcernfor12monthssincetheendoftheReportingPeriod,andhasnotfoundanymattersorsituationsthatraisesignificantdoubtsaboutitsabilitytocontinueasagoingconcern.Therefore,thefinancialstatementsarepresentedonagoingconcernbasis.
IV.ImportantAccountingPoliciesandEstimations
Specificaccountingpoliciesandaccountingestimates:ThespecificaccountingpoliciesandaccountingestimatesformulatedbytheGroupaccordingtotheactualproductionandoperationcharacteristicsincludeprovisionsforbaddebtsofaccountsreceivable,provisionsforinventorydepreciation,depreciationoffixedassets,revenuerecognitionandmeasurement,etc.
1.StatementofCompliancewiththeAccountingStandardsforBusinessEnterprisesThefinancialstatementspreparedbytheGroupareincompliancewithincompliancewiththeAccountingStandardsforBusinessEnterprises,whichfactually,accuratelyandcompletelypresenttheGroup’sfinancialpositionson31December2023,businessresultsandcashflows,andotherrelevantinformationfor2023.
2.FiscalPeriodTheGroup’sfiscalyearstartsonJanuary1andendsonDecember31ofeveryyearaccordingtotheGregoriancalendar.
3.OperatingCycleThenormaloperatingcyclereferstotheperiodfromthepurchaseofassetsforprocessingtotherealizationofcashorcashequivalentsbytheGroup.AnoperatingcyclefortheGroupis12months,whichisalsotheclassificationcriterionfortheliquidityofitsassetsandliabilities.
4.RecordingCurrencyTheGroupadoptedRMBasthebookkeepingbasecurrency.
5.MethodologyforDeterminingMaterialityCriteriaandBasisforSelectionTheGrouppreparesanddisclosesfinancialstatementsadheringtotheprincipleofmateriality.Thedisclosuresinthenotestothefinancialstatementscovermattersinvolvingjudgmentsaboutmaterialitycriteria,themethodsfordeterminingmaterialitythresholds,andthebasesforselectingthesecriteria:
Disclosuresinvolvingmaterialitystandardjudgments | Locationofdisclosureofthismatterinthenotestothepresentfinancialstatements | Methodologyfordeterminingmaterialitycriteriaandbasisforselection |
Significantindividuallybad | NoteVI-4.Accounts | IndividualamountexceedingRMB50,000,000 |
Disclosuresinvolvingmaterialitystandardjudgments | Locationofdisclosureofthismatterinthenotestothepresentfinancialstatements | Methodologyfordeterminingmaterialitycriteriaandbasisforselection |
debtprovisionedreceivables | receivable(2) | |
Receivableswithsignificantamountofbaddebtprovisionrecoveredorreversedduringtheperiod | NoteVI-4.Accountsreceivable(3) | IndividualamountexceedingRMB10million |
Significantwrite-offsofreceivablesduringtheperiodWrite-offs | NoteVI-4.Accountsreceivable(4) | IndividualamountexceedingRMB10million |
Significantaccountspayableagedover1year | NoteVI-28.Accountspayable | IndividualamountexceedingRMB10million |
Significantreceiptsinadvanceandcontractualliabilities/projectedliabilities/otherpayablesagedover1year | NoteVI-29;NoteVI-30;NoteVI-33;NoteVI-41 | IndividualamountexceedingRMB10million |
Significantconstructioninprogressproject | NoteVI-18.Constructioninprogress(2) | IncreaseordecreaseinasingleassetduringtheyearorabalanceexceedingRMB0.1billion |
6.AccountingTreatmentMethodsforBusinessCombinationsundertheSameControlornotundertheSameControl
(1)BusinessCombinationsundertheSameControlAbusinesscombinationinvolvingentitiesundercommoncontrolisabusinesscombinationinwhichallofthecombiningenterprisesareultimatelycontrolledbythesamepartyorpartiesbothbeforeandafterthecombination,andthatcontrolisnottransitory.Asthecombiningparty,theassetsandliabilitiesobtainedbytheGroupinabusinesscombination
underthesamecontrolshallbemeasuredonthebasisoftheircarryingvalueinthefinalcontrollingpartyonthecombiningdate.Asforthebalancebetweenthecarryingvalueofthenetassetsobtainedandthecarryingvalueoftheconsiderationpaidbyit(oraggregatenominalamountofsharesissued),thecapitalreserveshallbeadjusted.Ifthecapitalreserveisnotsufficienttobeoffset,theretainedearningsshallbeadjusted.
(2)BusinessCombinationsnotundertheSameControlAbusinesscombinationinvolvingentitiesnotundercommoncontrolisabusinesscombinationinwhichallofthecombiningenterprisesarenotultimatelycontrolledbythesamepartyorpartiesbothbeforeandafterthecombination.Aspurchaser,theidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquireeacquiredinthebusinesscombinationunderdifferentcontrolshallbemeasuredatfairvalueontheacquisitiondate.Thebalancethatthecombinedcostgreaterthanthefairvalueshareoftheidentifiablenetassetsofthepurchasedpartyobtainedinthecombinationshallberecognizedasgoodwill;Whenthemergercostislessthanthefairvalueshareoftheidentifiablenetassetsoftheacquireeacquiredinthemerger,thefairvalueofallidentifiableassets,liabilitiesandcontingentliabilitiesacquiredinthemerger,andmergercostsshallbereviewedfirst.Afterreview,ifthemergercostisstilllessthanthefairvalueshareoftheidentifiablenetassetsoftheacquireeacquiredinthemerger,thedifferenceshallbeincludedinthenon-operatingincomeofthemergerperiod.
7.CriteriaforJudgingControlandMethodsforPreparingConsolidatedFinancialStatementsThescopeofconsolidationfortheconsolidatedfinancialstatementsoftheGroupisbasedoncontrol,includingtheCompanyandallitssubsidiaries(includingenterprises,divisiblepartsofinvestees,andstructuredentitiescontrolledbytheCompany).TheGroupassessescontrolbasedonwhetherithaspowerovertheinvestee,hasexposureorrightstovariablereturnsfromitsinvolvementwiththeinvestee,andhastheabilitytouseitspowerovertheinvesteetoaffecttheamountoftheinvestor'sreturns.ThefinancialstatementsofsubsidiariesareadjustedinaccordancewiththeaccountingpoliciesandaccountingperiodoftheGroupduringthepreparationoftheconsolidatedfinancialstatements,wheretheaccountingpoliciesandtheaccountingperiodsareinconsistentbetweentheGroupandsubsidiaries.TheimpactofinternaltransactionsbetweentheCompanyanditssubsidiaries,aswellasbetweensubsidiariesandeachother,wasoffsetinconsolidation.Thesharesofthesubsidiary'sowner'sequitythatdonotbelongtotheparentGroupandthesharesofminorityshareholders'equityin
currentnetprofitandloss,othercomprehensiveincomeandtotalcomprehensiveincomeshallberespectivelylistedintheconsolidatedfinancialstatement"Minorityshareholders'equity,minorityshareholders'profitandloss,othercomprehensiveincomethatbelongstominorityshareholdersandtotalcomprehensiveincomethatbelongstominorityshareholders".Forsubsidiariesacquiredthroughmergerofenterprisesunderthesamecontrol,theiroperatingresultsandcashflowsareincludedintheconsolidatedfinancialstatementsfromthebeginningofthecurrentmergerperiod.Whenpreparingthecomparativeconsolidatedfinancialstatements,therelevantitemsinthefinancialstatementsofthepreviousyearshallbeadjustedasiftheconsolidatedreportingentityhadexistedsincethefinalcontrollingpartybegantocontrolit.ThetreatmentmethodofsupplementarydisclosureinconsolidatedfinancialstatementfortheReportingPeriodwhenthecontrollingrightisacquired,iftheequityoftheinvestedorganizationunderthesamecontrolissuccessivelyobtainedthroughseveraltransactionsandeventuallytheenterprisemergerisconducted.Forexample:Attheoccasionoftheequityoftheinvesteeunderthesamecontrolisacquiredstepbystepthroughmultipletransactions,andfinallyformthebusinesscombination,whenpreparingtheconsolidatedstatement,itshallbedeemedastheadjustmentismadeinthecurrentstatewhenthefinalcontrollingpartystartstocontrol.Andwhencompilingthecomparativereport,theassetsandliabilitiesofthemergedpartyshallbemergedintothecomparativestatementoftheconsolidatedfinancialstatementsoftheconsolidatedGroupwithoutanyearlierthanthetimewhentheGroupandthemergedpartyareunderthecontroloftheultimatecontrollingparty,andthecombinednetincreasedassetsshallbeadjustedtotherelevantitemsunderowners'equityinthecomparativestatements.Inordertoavoidthere-calculationofthenetassetsvalueofthemergedparty,thelong-termequityinvestmentheldbytheGroupbeforethemerger,theconfirmedrelevantprofitandlossonthesamepartywiththeGroupandthemergedpartyonthedateofacquisitionoftheoriginalequityfromthefinalcontroldatetothemergerdate,andchangesofothercomprehensiveincomeandothernetassetsshalloffsetthebeginningretainedearningsandcurrentprofitsandlossesofthecomparativestatementperiodrespectively.Forsubsidiariesacquiredthroughbusinesscombinationunderthedifferentcontrol,theoperatingresultsandcashflowshallbeincludedintheconsolidatedfinancialstatementsfromthedatewhentheGroupobtainsthecontrolright.Whenpreparingtheconsolidatedfinancialstatements,thefinancialstatementsofthesubsidiariesshallbeadjustedonthebasisofthefairvalueoftheidentifiableassets,liabilitiesandcontingentliabilitiesdeterminedontheacquisitiondate.ThetreatmentmethodofsupplementarydisclosureinconsolidatedfinancialstatementfortheReportingPeriodwhenthecontrollingrightisacquired,iftheequityoftheinvestedorganizationnotunderthesamecontrolissuccessivelyobtainedthroughseveraltransactionsandeventuallythe
enterprisemergerisconducted.Forexample:Attheoccasionoftheequityoftheinvesteeunderdifferentcontrolisacquiredstepbystepthroughmultipletransactionsandeventuallyformthebusinesscombination,whenpreparingtheconsolidatedstatement,theequityoftheinvesteeheldbeforethepurchasedateisre-measuredaccordingtothefairvalueoftheequityonthepurchasedate,andthedifferencebetweenthefairvalueanditsbookvalueisincludedinthecurrentinvestmentincome.Theequityoftheacquireeheldbeforetherelevantpurchasedateinvolvesothercomprehensiveincomeundertheequitymethodandotherchangesinowner'sequityotherthannetprofitandloss,othercomprehensiveincomeandprofitdistribution,whichareconvertedintoinvestmentprofitandlossinthecurrentperiodofthepurchasedate,exceptforothercomprehensiveincomearisingfromtheremeasurementofdefinedbenefitplans'snetliabilitiesorchangesinnetassetsbytheinvestee.TheGrouppartiallydisposesoflong-termequityinvestmentsinsubsidiarieswithoutlosingcontrol,whenpreparingtheconsolidatedfinancialstatements,thedifferencebetweenthedisposalpriceandtheshareofnetassetsthatthesubsidiarieshavecontinuouslycalculatedsincethedateofpurchaseorthedateofconsolidationiscorrespondingtothedisposaloflong-termequityinvestments.Thecapitalpremiumorequitypremiumisadjusted.Ifthecapitalreserveisinsufficienttooffset,theretainedearningsareadjusted.IftheGrouplosescontrolovertheinvesteeduetothedisposalofsomeequityinvestmentsandotherreasons,theremainingequityshallbere-measuredatitsfairvalueonthedateoflossofcontrolwhenpreparingtheconsolidatedfinancialstatements.Thedifferencebetweenthesumoftheconsiderationobtainedfromthedisposalofequityandthefairvalueoftheremainingequity,minustheshareofthenetassetsoftheoriginalsubsidiarycalculatedonthebasisoftheoriginalshareholdingratioandcontinuouslycalculatedfromthedateofpurchaseormerger,isincludedintheinvestmentprofitandlossofthecurrentperiodwhenthecontrolrightislost,andgoodwillisoffset.Othercomprehensiveincomerelatedtotheoriginalsubsidiary'sequityinvestment,etc.,willbetransferredtothecurrentinvestmentprofitandlosswhenthecontrolrightislost.IftheGroupdisposesoftheequityinvestmentinasubsidiaryGroupstepbystepthroughmultipletransactionsuntilthelossofcontrolright,ifthetransactionsofthedisposaloftheequityinvestmentinasubsidiaryGroupuntilthelossofcontrolrightbelongtoapackagetransaction,thetransactionsshallbetreatedastransactionsofthedisposalofthesubsidiaryGroupandthelossofcontrolrightforaccounting.However,thedifferencebetweenthedisposalpriceandtheshareofthesubsidiary'snetassetscorrespondingtothedisposalinvestmentbeforethelossofcontrolrightisrecognizedasothercomprehensiveincomeintheconsolidatedfinancialstatements,andistransferredtotheinvestmentprofitandlossofthecurrentperiodwhenthecontrolrightislost.
8.ClassificationofJointarrangementsandAccountingTreatmentofJointOperations
TheGroupclassifiesjointarrangementsintojointoperationsandjointventures.Forajointoperation,theGroup,asajointoperator,recognizestheassetsandliabilitiesthatitholdsandbearsinthejointoperation,andrecognizesthejointly-heldassetsandjointly-borneliabilitiesaccordingtotheGroup’sstakeinthejointoperation;recognizesrelevantincomeandexpenseaccordingtotheGroup’sstakeinthejointoperation.WhentheGrouppurchasesorsellstheassetsnotconstitutingbusinesswiththejointoperation,theGrouponlyrecognizedtheshareoftheotherjointoperatorsinthegainsandlossesarisingfromthetransaction.
9.CashandCashEquivalentsIntheGroup’sunderstanding,thecashinthecashflowstatementincludescashonhandanddepositsthatcanbeusedforcover,thecashequivalentsinthecashflowstatementincludehighcirculatinginvestmentsheldwithinthreemonthswhichareeasilyconvertibleintoknownamountofcashandwhoserisksinchangeofvalueareminimal.
10.ForeignCurrencyBusinessesandTranslationofForeignCurrencyFinancialStatements
(1)ForeigncurrencytransactionForeigncurrencytransactionsoftheGroupareinitiallyrecognizedattheexchangerateatthebeginningofthemonthofthetransactiondate(usuallyreferringtothemiddlerateoftheforeignexchangerateannouncedbythePeople'sBankofChinaontheday,thesamebelow),convertingtheforeigncurrencyamountintothefunctionalcurrencyamount.Onthebalancesheetdate,themonetaryitemsinforeigncurrencywereconvertedintoRMBatthespotexchangerateonbalancesheetdate.Excepttheexchangedifferencearisingfromspecialforeign-currencyborrowingforthepurposeofconstructionorproductionofassetsmeetingcapitalizationconditionstreatedintheprincipleofcapitalization,theconversiondifferencewasdirectlyincludedinthecurrentprofitsandlosses.
(2)TranslationofforeigncurrencyfinancialstatementTheassetandliabilityitemsinforeigncurrencybalancesheetwereconvertedatthespotexchangerateonbalancesheetdate;exceptfor“undistributedprofit”,owner’sequityitemswereconvertedatthesportexchangerateatthetimeofbusinessoccurrence;incomeandexpenditureitemsinincomestatementwereconvertedattheaverageexchangeratefortheperiod(monthlyaverageexchangerate)ofthetransactionoccurrencedate.Theconversiondifferenceofforeigncurrencystatementsarisingfromtheaforementionedconversionwaspresentedinothercomprehensiveincomeitem.Theforeigncurrencycashflowwasconvertedattheaverageexchangeratefortheperiod(monthlyaverageexchangerate)ofthecashflowoccurrencedate.Theamountofexchangeratechangeinfluenceoncashwasindependentlypresentedincashflowstatement.
11.FinancialInstruments
(1)RecognitionandderecognitionoffinancialinstrumentsTheGrouprecognizesafinancialassetorliabilitywhenitbecomesapartyoftherelevantfinancialinstrumentcontract.TheCompany'sfinancialassets(oraportionofafinancialasset,orapartofagroupofsimilarfinancialassets)shallbederecognizedwhenmeetinganyofthefollowingconditions,meaningtheyareremovedfromtheaccountsandthebalancesheet:1)Therighttoreceivecashflowsfromthefinancialassetexpires;2)Thefinancialassetistransferred,andtheGrouphastransferredsubstantiallyallrisksandrewardsofownershipofthefinancialasset;3)Thefinancialassetistransferred,andtheGrouphasneithertransferrednorretainedsubstantiallyallrisksandrewardsofownership,andhasnotretainedcontroloverthefinancialasset.Incaseofcurrentobligationoffinancialliabilities(orpartialfinancialliabilities)beingterminated,derecognitionofsuchfinancialliabilities(orpartialfinancialliabilities)isconductedbytheGroup.IftheGroup(borrower)concludesanagreementwiththelendertoreplaceexistingfinancialliabilitieswithnewonesandcontacttermsofnewfinancialliabilitiesaredifferentfromthoseofexistingfinancialliabilities,derecognitionofexistingfinancialliabilitiesandrecognitionofnewfinancialliabilitiesshallbeconducted.Incaseofmaterialalterationofcontracttermsofexistingfinancialliabilities(partialfinancialliabilities)bytheGroup,derecognitionofexistingfinancialliabilitiesandrecognitionofnewfinancialliabilitiesaspermodifiedtermsshallbeconducted.Incaseofderecognitionoffinancialliabilities(partialfinancialliabilities),theGroupincludesthebalancebetweenitscarryingvalueandpaymentconsiderationintothecurrentprofitorloss.Allregularacquisitionsorsalesoffinancialassetsarerecognizedandderecognizedonatransactiondatebasis.
(2)ClassificationandmeasurementoffinancialassetsTheGroupclassifiesthefinancialassetsintofinancialassetsmeasuredatamortizedcost,financialassetsmeasuredbythefairvalueandthechangesrecordedinothercomprehensiveincomeandfinancialassetsatfairvaluethroughprofitorlossbasedonthebusinessmodelforfinancialassetsmanagementandcharacteristicsofcontractualcashflowoffinancialassets.TheGroupclassifiedthefinancialassetsmeetingthefollowingconditionsatthesametimeasfinancialassetsatamortizedcost:①ThebusinessmodeoftheGrouptomanagethefinancialassetstargetsatcollectingthecontractualcashflow.②Thecontractofthefinancialassetsstipulatesthatthecashflowgeneratedinthespecificdateisthepaymentoftheinterestbasedontheprincipalandoutstandingprincipalamount.Thesefinancialassetsinitiallymeasuredatfair
valueandrelevanttransactioncostshallbeincludedintotheinitialrecognizedamountandsubsequentlymeasuredatamortizedcost.Exceptforthosedesignatedtobehedgeitems,thedifferencebetweentheinitialrecognizedamountandtheamountdueshallbeamortizedatactualinterestrateandtheiramortization,impairmentandexchangegainandlossaswellasgainsorlossesarisingfromderecognitionshallberecordedintothecurrentprofitorloss.TheGroupclassifiedthefinancialassetsmeetingthefollowingconditionsatthesametimeasfinancialassetsatfairvaluethroughothercomprehensiveincome:①TheBusinessmodeformanagingfinancialassetsoftheGrouptakescontractcashflowcollectedastargetandsellingastarget.②Thecontractofthefinancialassetsstipulatesthatthecashflowgeneratedinthespecificdateisthepaymentoftheinterestbasedontheprincipalandoutstandingprincipalamount.Thesefinancialassetsinitiallymeasuredatfairvalueandrelevanttransactioncostshallbeincludedintotheinitialrecognizedamount.Exceptforthosedesignatedashedgeditems,asforthesefinancialassets,exceptforgainsorlossesoncreditimpairment,exchangegainandlossandinterestoffinancialassetsmeasuredatactualinterestrate,othergainsorlossesgeneratedshallberecordedintoothercomprehensiveincome.Whenderecognized,theaccumulatedgainsandlossesoriginallyrecordedintoothercomprehensiveincomeshallbetransferredoutintothecurrentprofitorloss.TheGrouprecognizesinterestincomeaccordingtotheeffectiveinterestratemethod.Interestincomeiscalculatedanddeterminedaccordingtothebookbalanceofthefinancialassetmultipliedbytheactualinterestrate,exceptforthefollowingcircumstances:①Forthefinancialassetwithcreditimpairmentthathasbeenpurchasedororiginated,fromtheinitialrecognition,theinterestincomeiscalculatedanddeterminedaccordingtotheamortizedcostofthefinancialassetandtheactualinterestrateadjustedbycredit.②Forfinancialassetspurchasedororiginatedthathavenotsufferedcreditimpairmentbuthavesufferedcreditimpairmentinsubsequentperiods,theinterestincomeshallbecalculatedanddeterminedaccordingtotheamortizedcostandactualinterestrateofthefinancialassetsinsubsequentperiods.TheGroupdesignatesnon-transactionalinvestmentinequityinstrumentsasfinancialassetsatfairvaluethroughothercomprehensiveincome.Thosedesignatednon-transactionalinvestmentinequityinstrumentsbytheGroupisinitiallymeasuredatfairvalueandrelevanttransactioncostshallberecordedintotheinitialrecognizedamount.Exceptfordividends(excludingthosebelongingtorecoveryofinvestmentcost)whichshallberecordedintothecurrentprofitorloss,otherrelevantgainsandlosses(includingexchangegainsandlosses)shallberecordedintoothercomprehensiveincomeandcannotbetransferredintothecurrentprofitorlosssubsequently.Whenderecognized,theaccumulatedgainsorlossesoriginallyrecordedintoothercomprehensiveincomeshallbetransferredoutintoretainedearnings.Equityinstrumentinvestmentsmeasuredat
fairvaluethroughothercomprehensiveincomeincluded:EquityinvestmentstobeheldinthelongtermasplannedbytheGroupforstrategicpurpose,withnocontrol,jointcontrolorsignificanceinfluence,andwithnoactivemarketquotation.TheGroupclassifiesfinancialassetsnotbelongingtoabovetwoasfinancialassetsatfairvaluethroughprofitorlosswhichshallbeinitiallymeasuredatfairvalueandrelevanttransactioncostshallbedirectlyrecordedintothecurrentprofitorloss.Gainsorlossesarisingfromthesefinancialassetsshallberecordedintothecurrentprofitorloss.ThecontingentconsiderationrecognizedbytheGroupinthebusinesscombinationnotunderthesamecontrolwhichconstitutesafinancialassetshallbeclassifiedasthefinancialassetatfairvaluethroughprofitorloss.
(3)Classification,recognitionandmeasurementoffinancialliabilitiesTheGroup’sfinancialliabilitiesare,oninitialrecognition,classifiedintofinancialliabilitiesatfairvaluethroughprofitorlossandotherfinancialliabilities.Financialliabilitiesatfairvaluethroughprofitorlossincludeheld-for-tradingfinancialliabilitiesandfinancialliabilitiesdesignatedattheinitialrecognitiontobemeasuredbythefairvalueandtheirchangesarerecordedinthecurrentprofitorloss.Thesubsequentmeasurementshallbeatfairvalueandgainsorlossesarisingfromchangesinfairvalueandthedividendsandinterestexpenserelatedtothefinancialliabilityshallbethecurrentprofitorloss.Otherfinancialliabilitiesshallbesubsequentlymeasuredatamortizedcostwithactualinterestrate.TheGroupclassifiesfinancialliabilitiesexceptforthefollowingitemsasfinancialliabilitiesatamortizedcost:①Financialliabilitiesatfairvaluethroughprofitorlossincludingheld-for-tradingfinancialliabilities(includingthederivativeinstrumentsbelongingtofinancialliabilities)anddesignatedfinancialliabilitiesatfairvaluethroughprofitorloss.②Financialliabilitiesarisingfromthetransferoffinancialassetsnotmeetingthederecognitionconditionsorcontinuousinvolvementinthetransferredfinancialassets.③Financialguaranteecontractnotbelongingtocasesofabove①or②andloancommitmentsatinterestratelowerthanthemarketratenotbelongingtothecasein①.TheGrouptreatsthefinancialliabilityarisingfromcontingentconsiderationrecognizedasthepurchasepartyinthebusinesscombinationnotunderthesamecontrolatfairvalueandchangesthereofshallberecordedintothecurrentprofitorloss.
(4)ImpairmentofFinancialInstrumentTheGroupneedstoconfirmthatthefinancialassetssubjecttotheimpairmentlossarethefinancialassetsmeasuredbasedontheamortizedcost,thedebtinstrumentinvestmentmeasured
basedonthefairvaluewithitsvariationsincludedintoothercomprehensiveincomesandtheleaseoutlayreceivable,mainlyincludingnotesreceivable,accountreceivable,otherreceivables,investmentoncreditor’srights,otherinvestmentsoncreditor’srightsandlong-termreceivablesetc.Besides,inrespectofthecontractassetsandpartialfinancialguaranteecontract,correspondingimpairmentprovisionsshallbecalculatedandwithdrawnandcorrespondingcreditimpairmentlossesrecognizedaccordingtovariousaccountingpoliciesmentionedinthispart.
1)MethodsfortheRecognitionofImpairmentProvisionsForallmentioneditemsabove,theGroupshallcalculateandwithdrawcorrespondingimpairmentprovisionsandrecognizecorrespondingcreditimpairmentlossesaccordingtoapplicableexpectedcreditlossmeasurementmethods(generalmethodsorsimplifiedmethods)withtheexpectedcreditlossasthebasis.Creditlossreferstothedifferencebetweenallreceivablecontractcashflowsandallexpectedcashflowsthatarediscountedtothepresentvaluebasedontheoriginalactualinterestrate--thepresentvalueofallcashshortfall.However,forthepurchasedororiginalfinancialassetssubjecttothecreditimpairment,theGroupshallrealizethediscountingbasedontheactualinterestratesubjecttothecreditadjustment.Generalmethodsappliedtomeasuretheexpectedcreditlosscanbedescribedas:theGroupshallevaluatewhetherthecreditriskofthefinancialassets(includingthecontractassetsandotherapplicableitems;thesamebelow)increasesremarkablyaftertheinitialrecognitiononthebalancesheetday;ifthecreditriskincreasesremarkablyaftertheinitialrecognition,theGroupshallmeasuretheprovisionforlossbasedonthespecificexpectedcreditlossamountduringtheentireperiodofexistence;ifnot,theGroupshallmeasuretheprovisionforlossbasedonthespecificexpectedcreditlossamountinthefollowing12months.Whileevaluatingtheexpectedcreditloss,theGroupshalltakeallreasonableandwell-foundedinformationintoconsideration,includingtheforward-lookinginformation.Forthefinancialinstrumentoflowercreditriskonthebalancesheetday,theGroupshallassumethatitscreditriskdoesnotincreaseremarkablyaftertheinitialrecognition,andcorrespondingprovisionforlossshallbemeasuredaccordingtotheexpectedcreditlossinthefollowing12months.
2)StandardsforJudgingWhethertheCreditRiskIncreasesRemarkablyaftertheInitialRecognitionIfanyfinancialassets’probabilityofdefaultwithintheexpectedperiodofexistencedeterminedonthebalancesheetdayisobviouslyhigherthanthatwithintheexpectedperiodofexistencedeterminedduringtheinitialrecognition,itshallindicatetheremarkableincreaseofthefinancial
assets’creditrisk.Unlessitisunderspecialcircumstances,theGroupshalladoptvariousvariationsinthedefaultriskinthefollowing12monthsasthereasonablebasisforestimatingcorrespondingvariationsinthedefaultriskwithintheentireperiodofexistenceanddeterminingwhetherthecreditriskincreasesremarkablyaftertheinitialrecognition.
3)CombinedMethodforEvaluatingtheExpectedCreditRiskbasedonCorrespondingCombinationForthefinancialassetswithremarkablydifferentcreditrisk,theGroupshallseparatelyevaluateitscreditrisk,includingthereceivablesfromrelatedparties,receivablesinvolvedinanydisputewiththeotherpartyoranylawsuitandarbitration,andreceivableswithobviousevidenceshowingthatthedebtorcannotfulfilltheduepaymentobligationetc.Exceptforthefinancialassetswhosecreditriskshallbeseparatelyevaluated,theGroupshalldividethesefinancialassetsintodifferentcombinationsbasedonthespecificriskfeatures,onwhichbasis,correspondingcreditriskscanbeevaluated.
4)AccountingTreatmentMethodsAppliedtotheImpairmentofFinancialAssetsAttheendoftheperiod,theGroupshallcalculatetheexpectedcreditlossesofvariousfinancialassets.Iftheexpectedcreditlossishigherthanthecarryingamountofitscurrentimpairmentprovision,thedifferenceshallberecognizedastheimpairmentloss;iflower,thedifferenceshallberecognizedasthegainfromtheimpairment.
(5)RecognitionandmeasurementoffinancialassetstransferTheGroupderecognizesafinancialassetwhenoneofthefollowingconditionsismet:①therightstoreceivecashflowsfromtheassethaveexpired;②theenterprisehastransferreditsrightstoreceivecashflowsfromtheassettoathirdpartyunderapass-througharrangement;or③theenterprisehastransferreditsrightstoreceivecashflowsfromtheassetandeither(a)hastransferredsubstantiallyalltherisksandrewardsoftheasset,or(b)hasneithertransferrednorretainedsubstantiallyalltherisksandrewardsoftheasset,buthastransferredcontroloftheasset.Iftheoveralltransferoffinancialassetsfulfillstherequirementsforderecognition,thedifferencebetweenthebookvalueofthetransferredfinancialassetsandthesumoftheconsiderationreceivedduetothetransferandthecorrespondingderecognitionpartoftheaccumulatedamountoffairvaluechangesoriginallydirectlyincludedinothercomprehensiveincome(thecontracttermsinvolvingthetransferredfinancialassetsstipulatethatthecashflowgeneratedonaspecificdateisonlythepaymentoftheprincipalandinterestbasedontheunpaidprincipalamount)shallbeincludedinthecurrentprofitsandlosses.Ifthepartialtransferoffinancialassetssatisfiestheconditionsforterminationconfirmation,the
entirebookvalueofthetransferredfinancialassetswillbeapportionedbetweentheterminationconfirmationportionandthenon-terminationconfirmationportionaccordingtotheirrelativefairvalues,andtheconsiderationreceivedforthetransferAndtheamountcorrespondingtotheterminationoftherecognitionofthecumulativeamountofchangesinfairvalueoriginallyincludedinothercomprehensiveincomethatshouldbeapportionedtothederecognitionpartAndthepaymentofinterestbasedontheoutstandingprincipalamount),andthedifferencebetweenthetotalbookvalueoftheaforesaidfinancialassetsallocatedisincludedinthecurrentprofitandloss.
(6)ThedistinctionbetweenfinancialliabilitiesandequityinstrumentsandrelatedtreatmentmethodsTheGroupdistinguishesthefinancialliabilitiesandequityinstrumentsaccordingtothefollowingprinciples:(1)IftheGroupcannotunconditionallyavoidperformingacontractualobligationbydeliveringcashorotherfinancialassets,thecontractualobligationmeetsthedefinitionoffinancialliabilities.Althoughsomefinancialinstrumentsdonotexplicitlyincludethetermsandconditionsoftheobligationtodelivercashorotherfinancialassets,theymayindirectlyformcontractualobligationsthroughothertermsandconditions.(2)IfafinancialinstrumentmustbesettledwithorcanbesettledwiththeGroup'sownequityinstrument,itisnecessarytoconsiderwhethertheGroup'sownequityinstrumentusedtosettletheinstrumentisusedasasubstituteforcashorotherfinancialassets,ortoenabletheholderoftheinstrumenttoenjoytheresidualequityintheassetsoftheissuerafterdeductingallliabilities.Ifitbelongstotheformercondition,theinstrumentisthefinancialliabilityoftheissuer;ifitbelongstothelattercondition,theinstrumentistheequityinstrumentoftheissuer.Insomecases,afinancialinstrumentcontractrequirestheGrouptouseoruseitsownequityinstrumenttosettlethefinancialinstrument,inwhichtheamountofcontractualrightsorcontractualobligationsisequaltothenumberofitsownequityinstrumentsavailableortobedeliveredmultipliedbyitsfairvalueatthetimeofsettlement,regardlessofwhethertheamountofcontractualrightsorobligationsisfixed,whetheritisentirelyorpartiallybasedonchangesinvariablesotherthanthemarketpriceoftheGroup'sownequityinstruments,thecontractshallbeclassifiedasafinancialliability.Inclassifyingfinancialinstruments(ortheircomponents)intheconsolidatedstatement,theGrouphastakenintoaccountalltermsandconditionsreachedbetweentheGroupmembersandtheholdersoffinancialinstruments.IftheGroupasawholeundertakestheobligationtodelivercash,otherfinancialassetsorsettleaccountsinotherwaysthatcausetheinstrumenttobecomeafinancialliabilityduetotheinstrument,theinstrumentshallbeclassifiedasafinancialliability.Iffinancialinstrumentsortheircomponentsarefinancialliabilities,theGroupwillincludeinterest,dividends(ordividends),gainsorlosses,andgainsorlossesarisingfromredemptionorrefinancing,etc.inthecurrentprofitsandlosses.
Iffinancialinstrumentsortheircomponentsareequityinstruments,whentheyareissued(includingrefinancing),repurchased,soldorcancelled,theGroupwilltreatthemaschangesinequityandwillnotrecognizechangesinthefairvalueofequityinstruments.
(7)OffsettingfinancialassetsandfinancialliabilitiesTheGroup’sfinancialassetsandliabilitiesshallbeseparatelypresentedinthebalancesheetandnotsetoffeachother.Butwhenmeetingthefollowingconditionsatthesametime,thenetamountafteroffsetshallbepresentedinthebalancesheet:(1)TheGrouphasthestatutoryrighttosetoffrecognizedamountwhichiscurrentlyexecutable;(2)TheGroupplanstosettlewiththenetamountorrealizethefinancialassetandpayoffthefinancialliabilitysimultaneously.
12.NotesReceivableFornotesreceivable,theGroupshallmeasuretheprovisionforlossbasedonthespecificexpectedcreditlossduringtheentireperiodofexistence.Accordingtothecreditriskcharacteristicsthereof,exceptthosewithseparateevaluationofcreditrisk,notesreceivablecanbedividedintodifferentcombinations:
Item | Basis |
BankAcceptance | TheAcceptershallbethebankwithhighcreditlevelandlowrisks |
TradeAcceptance | Classifiedbycreditriskofacceptors(thesameasaccountsreceivable) |
13.AccountsReceivableForaccountreceivableandcontractassetsexcludingsignificantfinancingcomposition,theGroupshallmeasuretheprovisionforlossaccordingtothespecificexpectedcreditlossamountwithintheentireperiodofexistence.Foraccountreceivable,contractassetsandleasepaymentreceivableincludingsignificantfinancingcomposition,theGroupshallalwaysmeasuretheprovisionforlossaccordingtothespecificexpectedcreditlossamountwithintheperiodofexistence.Excepttheaccountreceivableandcontractassetswhosecreditrisksshallbeseparatelyevaluated,theGroupshalldividethemintodifferentcombinationsbasedonthespecificcreditrisks:
Item | Basis |
AgingCombination | Thisportfolioisaccountsreceivablewithagingasthecreditriskfeature. |
Item | Basis |
Relatedpartycombination | Theaccountsreceivablefromtheotherentitieswithintheconsolidationscope |
14.AccountsReceivableFinancingTheGroup’saccountsreceivablefinancingisbasedonexpectedcreditlosses,andprovisionismadefordepreciationreservesinaccordancewiththeexpectedcreditlossmeasurementmethodfornotesreceivable.
15.OtherReceivablesTheGroupmeasuresthelossreservesonotherreceivablesinaccordancewiththefollowingcircumstances:a)Forfinancialassetswhosecreditriskhasnotsignificantlyincreasedsincetheinitialrecognition,theGroupmeasuresthelossreservesattheamountofexpectedcreditlossesforthenext12months;b)Forfinancialassetswhosecreditriskhasincreasedsignificantlysincetheinitialrecognition,theGroupmeasuresthelossreservesatanamountequaltotheexpectedcreditlossesfortheentireperiodofthefinancialinstrument;c)Forfinancialassetspurchasedororiginatedfromcreditimpairment,theGroupmeasuresthelossreservesatanamountequaltotheexpectedcreditlossesovertheentireperiodofthefinancialinstrument.Exceptotherreceivableswhosecreditrisksshallbeseparatelyevaluated,theGroupshalldividethemintodifferentcombinationsbasedonthespecificcreditriskfeatures:
Item | Basis |
AgingCombination | Thisportfolioisotherreceivableswithagingasthecreditriskfeature. |
LowRiskCombination | Thiscombinationshallregardotherreceivablesofextremelylowrisk(includingtherevolvingfund,thecashdepositandtheguaranteedeposit)asthecreditriskfeature. |
Relatedpartycombination | Otherreceivablesfromtheotherentitieswithintheconsolidationscope |
16.Long-termReceivablesBydeterminingwhetherthecreditriskoflong-termaccountreceivablesincreasesremarkablyaftertheinitialrecognition,theGroupshallmeasuretheimpairmentlossbasedonthespecific
expectedcreditlossinthefollowing12monthsorduringtheentireperiodofexistence.Exceptlong-termaccountreceivableswhosecreditrisksshallbeseparatelyevaluated,theGroupshalldividethemintodifferentcombinationsbasedonthespecificcreditriskfeatures:
Item | Basis |
FinancingLeaseCombination | Regardingthelong-termreceivablesrelatedtothefinancingleaseasthecreditriskcharacteristics |
17.InventoriesTheGroup'sinventoriesmainlyincluderawmaterials,productsinprocess,semi-finishedproducts,Productsonhand,andentrustedprocessingmaterials.Theperpetualinventorymethodisusedforinventories.Inventoriesarepricedattheactualcostatthetimeofacquisition;theactualcostofinventoriesisdeterminedbytheweightedaveragemethodwheninventoriesareclaimedorissued.Low-valueconsumablesandpackagingareamortizedthroughtheone-offcharge-offmethod.Thenetrealizablevalueofinventoriesofgoodsthatareuseddirectlyforsale,suchasinventorygoods,productsinprocess,andmaterialsforsale,isdeterminedbytheestimatedsellingpriceoftheinventoryminusestimatedsaleexpenses,andrelatedtaxes;thenetrealizablevalueofinventoriesofmaterialsheldforproductionisdeterminedbytheestimatedsellingpriceofthefinishedgoodsproducedminustheestimatedcostsofcompletion,estimatedsaleexpenses,andrelatedtaxes.Theinventorieswithvariousnumbersandlowunitpriceshallbemadeprovisionsfordepreciationreservesofinventoriesaccordingtothecategoryofinventories.Forinventoriesthatareproducedandsoldinthesameregionwithsameorsimilarenduseorpurposes,andhardtobemeasuredseparatelyfromotheritems,itshallbemademergerprovisionsforfallingpriceofinventories.Thenetrealizablevaluerefers,intheordinarycourseofbusiness,totheaccountafterdeductingtheestimatedcostofcompletion,estimatedsaleexpenseandrelevanttaxesfromtheestimatedsalepriceofinventories.Thenetrealizablevalueofinventoriesshallbefixedonthebasisofvalidevidenceaswellasunderconsiderationofpurposeofinventoriesandtheeffectofeventsafterbalance-sheet-date.Afterwithdrawingthedepreciationreservesforinventories,ifthefactors,whichcauseanywrite-downoftheinventories,havedisappeared,causingthenetrealizablevalueofinventoriesishigherthanitscarryingamount;theamountofwrite-downshallbereversedfromtheoriginalamountofdepreciationreserveforinventories.Thereversedamountshallbeincludedintheprofitsand
lossesofthecurrentperiod.
18.ContractAssets
(1)ConfirmationmethodsandstandardsofcontractassetsContractassetsrefertotherightoftheGrouptoreceiveconsiderationaftertransferringgoodstocustomers,andthisrightdependsonfactorsotherthanthepassageoftime.IftheGroupsellstwoclearlydistinguishableproductstocustomers,ithastherighttoreceivepaymentbecauseoneoftheproductshasbeendelivered,butthepaymentisalsodependentonthedeliveryoftheotherproduct,theGrouphastherighttoreceivepaymentasacontractassets.
(2)DeterminationmethodandaccountingtreatmentmethodofexpectedcreditlossofcontractassetsThemethodfordeterminingtheexpectedcreditlossesofcontractassetsinvolvesmeasuringtheimpairmentlossesofcontractassetsbyreferencingthemethodusedfortheimpairmentlossmeasurementofreceivablesaspreviouslydescribed.TheGroupcalculatestheexpectedcreditlossofcontractassetsonthebalancesheetdate.Iftheexpectedcreditlossisgreaterthanthebookvalueofthecurrentcontractassetimpairmentprovision,theGroupwillrecognizethedifferenceasanimpairmentlossanddebitthe"assetimpairmentloss".Credited"Contractassetimpairmentprovision".Onthecontrary,theGrouprecognizesthedifferenceasanimpairmentgainandkeepstheoppositeaccountingrecords.IftheGroupactuallyincurscreditlossesanddeterminesthattherelevantcontractassetscannotberecovered,andthewritten-offisapproved,the"contractassetimpairmentreserve"isdebitedandthe"contractedasset"iscreditedbasedontheapprovedwrite-offamount.Ifthewritten-offamountisgreaterthantheprovisionforlossthathasbeenwithdrawn,the"assetimpairmentloss"isdebitedbasedonthedifference.
19.AssetsRelatingtoContractCosts
(1)ThemethodofdeterminingtheamountofassetsrelatedtocontractcostsTheGroup’sassetsrelatedtocontractcostsincludecontractperformancecostsandcontractacquisitioncosts.Thecontractperformancecost,thatis,thecostincurredbytheGroupfortheperformanceofthecontract,doesnotfallwithinthescopeofotheraccountingstandardsandmeetsthefollowingconditionsatthesametime,asthecontractperformancecostisrecognizedasanasset:thecostandacurrentorexpectedcontractDirectlyrelated,includingdirectlabor,directmaterials,manufacturingexpenses,clearlythecostbornebythecustomer,andothercostsincurredonlydue
tothecontract;thiscostincreasestheGroup'sfutureresourcesforfulfillingitsperformanceobligations;Thiscostisexpectedtoberecovered.Thecontractacquisitioncost,thatis,theincrementalcostincurredbytheGrouptoobtainthecontractisexpectedtoberecovered,andisrecognizedasanassetasthecontractacquisitioncost;iftheassetamortizationperioddoesnotexceedoneyear,itisincludedinthecurrentprofitandlosswhenitoccurs.Incrementalcostreferstothecost(suchassalescommission,etc.)thattheGroupwillnotincurwithoutobtainingthecontract.TheGroup'sexpensesincurredinobtainingthecontract,otherthantheexpectedincrementalcostthatcanberecovered(suchastravelexpensesincurredregardlessofwhetherthecontractisobtained,etc.),areincludedinthecurrentprofitandlosswhentheyareincurred,butitisclearlybornebythecustomerexcept.
(2)AmortizationofassetsrelatedtocontractcostsTheGroup’sassetsrelatedtocontractcostsareamortizedonthesamebasisasthecommodityrevenuerecognitionrelatedtotheassetandincludedinthecurrentprofitandloss.
(3)ImpairmentofassetsrelatedtocontractcostsWhentheGroupdeterminestheimpairmentlossofassetsrelatedtocontractcosts,itfirstdeterminestheimpairmentlossofotherassetsrelatedtothecontractthatareconfirmedinaccordancewithotherrelevantbusinessaccountingstandards;then,basedontheirbookvaluehigherthantheGroup’stransferandIfthedifferencebetweentheremainingconsiderationthattheasset-relatedcommodityisexpectedtoobtainandtheestimatedcostincurredforthetransferoftherelevantcommodity,theexcessshallbeprovidedforimpairmentandrecognizedasanassetimpairmentloss.Ifthedepreciationfactorsofthepreviousperiodhavechanged,andtheaforementioneddifferenceishigherthanthebookvalueoftheasset,theoriginalprovisionforassetimpairmentshallbereversedandincludedinthecurrentprofitandloss,butthebookvalueoftheassetafterthereversalshallnotexceedAssumingnoprovisionforimpairmentismade,thebookvalueoftheassetonthedateofreversal.
20.Long-termEquityInvestmentsTheGroup'slong-termequityinvestmentsmainlyconsistofinvestmentsinsubsidiaries,associatedenterprises,andjointventures.TheGroup’sjudgmentonjointcontrolisbasedonthefactthatallparticipantsoracombinationofparticipantscollectivelycontrolthearrangementandthatthepoliciesoftheactivitiesrelatedtothearrangementshallbeunanimouslyagreedbythoseparticipantswho.TheGroupisgenerallyconsideredtohaveasignificantinfluenceontheinvesteewhenitowns,
directlyorindirectlythroughasubsidiary,above20%butbelow50%ofthevotingrightsoftheinvestee.IftheGroupholdslessthan20%ofthevotingrightsoftheinvestee,italsoneedstojudgewhethertheGrouphasasignificantinfluenceontheinvesteebytakingintoaccountthefactsandcircumstancessuchashavingrepresentativesontheboardofdirectorsorsimilarauthorityoftheinvestee,orparticipatingintheprocessofformulatingfinancialandoperatingpoliciesoftheinvestee,orhavingmajortransactionswiththeinvestee,orsendingmanagementpersonneltotheinvestee,orprovidingkeytechnicalinformationtotheinvestee.Ifcontrolovertheinvesteeisformed,itisasubsidiaryoftheGroup.Forlong-termequityinvestmentacquiredthroughbusinesscombinationunderthesamecontrol,theinitialinvestmentcostofthelong-termequityinvestmentsisrecordedatthemergerdatebasedontheacquisitionofthemergedparty'sshareofthebookvalueofthenetassetsoftheultimatecontrollerintheconsolidatedfinancialstatement.Ifthebookvalueofthenetassetsofthemergedpartyonthemergerdateisnegative,thecostoflong-termequityinvestmentsisdeterminedaszero.Iftheequityoftheinvesteeunderthesamecontrolisacquiredinstagesthroughmultipletransactionstoeventuallyresultinabusinesscombination,additionaldisclosuresofthetreatmentoflong-termequityinvestmentsintheparentGroup'sfinancialstatementsshallbemadeintheReportingPeriodinwhichcontrolisobtained.Forexample,ifthebusinesscombinationthatisultimatelyformedthroughmultipletransactionstoacquiretheequityoftheinvesteeunderthesamecontrolbelongstoapackagedeal,theGroupshallconductaccountingtreatmenttotreateachtransactionasasingletransactiontoacquirecontrol.Ifthetransactionisnotapackagedeal,theinitialinvestmentcostofthelong-termequityinvestmentisbasedontheshareofthebookvalueofthenetassetsofthemergedpartyintheconsolidatedfinancialstatementsoftheultimatecontrolleratthemergerdate.Thedifferencebetweentheinitialinvestmentcostandthesumofthebookvalueofthelong-termequityinvestmentbeforethemergerplusthebookvalueofthenewconsiderationpaidforfurtheracquisitionofsharesatthemergerdateshalloffsetagainstcapitalreserve;andwherecapitalreserveisinsufficienttobeoffset,theretainedearningsshallbeadjusted.Forlong-termequityinvestmentacquiredthroughbusinesscombinationnotunderthesamecontrol,theinitialinvestmentcostshallbetheconsolidationcost.Iftheequityoftheinvesteenotunderthesamecontrolisacquiredinstagesthroughmultipletransactionstoeventuallyresultinabusinesscombination,additionaldisclosuresofthecosttreatmentoflong-termequityinvestmentsintheparentGroup'sfinancialstatementsshallbemadeintheReportingPeriodinwhichcontrolisobtained.Forexample,ifthebusinesscombinationthatisultimatelyformedthroughmultipletransactionstoacquiretheequityoftheinvesteenotunderthesamecontrolbelongstoapackagedeal,theGroupshallconductaccountingtreatmenttotreat
eachtransactionasasingletransactiontoacquirecontrol.Ifthetransactionisnotapackagedeal,thesumofthebookvalueoftheequityinvestmentoriginallyheldplusthecostofthenewinvestmentshallbetheinitialinvestmentcostcalculatedinaccordancewiththecostmethod.Iftheequityheldpriortothepurchasedateisaccountedbytheequitymethod,therelevantothercomprehensiveincomeaccountedbytheoriginalequitymethodshallnotbeadjusted.Thesamebasisofaccountingasthatusedforthedirectdisposaloftherelatedassetsorliabilitiesbytheinvesteeisusedforthedisposaloftheinvestment.Iftheequityheldpriortothepurchasedateisafinancialassetdesignatedtobemeasuredatfairvaluewithfluctuationsincludedinothercomprehensiveincome,thecumulativeprofitorlossontheequitypreviouslyrecognizedinothercomprehensiveincomeshallbetransferredfromothercomprehensiveincometotheretainedearnings;iftheequityisafinancialassetmeasuredatfairvalueandthechangesofwhichareincludedinprofitsandlossesofthecurrentperiod,theequitypreviouslyrecognizedasprofitsandlossesfromthechangesinfairvalueshallnotbetransferredtoinvestmentincome.Iftheequityheldpriortothepurchasedateisaninvestmentforotherequityinstruments,thechangesinfairvalueoftheequityinvestmentaccumulatedinothercomprehensiveincomebeforethepurchasedateshallbetransferredtotheretainedearnings.Exceptforthelong-termequityinvestmentsacquiredthroughbusinesscombinationhereinabove,long-termequityinvestmentsacquiredbypayingcasharerecordedasinvestmentcostbasedontheactualpurchasepricepaid;long-termequityinvestmentsacquiredbyissuingequitysecuritiesarerecordedasinvestmentcostbasedonthefairvalueoftheequitysecuritiesissued;long-termequityinvestmentsinvestedbyinvestorsarerecordedasinvestmentcostbasedonthevalueagreedintheinvestmentcontractoragreement.TheGroupcalculatesitsinvestmentsinsubsidiariesthroughthecostmethodanditsinvestmentsinjointventuresandassociateenterprisesthroughtheequitymethod.Forlong-termequityinvestmentscalculatedbythecostmethodforsubsequentmeasurement,thebookvalueofthecostoflong-termequityinvestmentsshallbeincreasedbythefairvalueofthecostamountpaidfortheadditionalinvestmentandrelevanttransactioncostsincurredwhentheadditionalinvestmentismade.Cashdividendsorprofitsdeclaredbytheinvesteearerecognizedasinvestmentincomeforthecurrentperiodinaccordancewiththedueamount.Inadditiontotheabove-mentionedlong-termequityinvestmentobtainedthroughbusinesscombination,thelong-termequityinvestmentobtainedbypayingcashshallberegardedastheinvestmentcostaccordingtothepurchasepriceactuallypaid;thelong-termequityinvestmentobtainedbyissuingequitysecuritiesshallberegardedastheinvestmentcostaccordingtothefairvalueofissuingequitysecurities;thelong-termequityinvestmentinvestedbyinvestorsshallberegardedastheinvestmentcostaccordingtotheinvestmentcontractoragreementThevalueof
theGroupisregardedasthecostofinvestment.TheGroupadoptsthecostmethodforinvestmentinsubsidiariesandtheequitymethodforinvestmentinjointventuresandassociatedenterprises.Forthelong-termequityinvestmentwhosesubsequentmeasurementadoptsthecostmethod,whentheadditionalinvestmentismade,thebookvalueofthelong-termequityinvestmentcostisincreasedaccordingtothefairvalueofthecostamountpaidbytheadditionalinvestmentandtherelevanttransactionexpenses.Thecashdividendsorprofitsdeclaredtobedistributedbytheinvesteeshallberecognizedasthecurrentinvestmentincomeaccordingtotheamountthatshouldbeenjoyed.Forthelong-termequityinvestmentwithequitymethodforsubsequentmeasurement,thebookvalueofthelong-termequityinvestmentwillincreaseordecreasewiththechangeoftheowner'sequityoftheinvestedentity.Whenconfirmingtheshareofthenetprofitandlossoftheinvestee,thenetprofitandlossoftheinvesteeshallbecalculatedbasedonthefairvalueoftheidentifiableassetsoftheinvesteeatthetimeofobtainingtheinvestment,inaccordancewiththeaccountingpoliciesandaccountingperiodoftheGroup,andoffsettheinternaltransactionprofitandlossbetweenthejointventureandthejointventureaccordingtotheshareholdingratioProfitisrecognizedafteradjustment.Fordisposaloflong-termequityinvestment,thedifferencebetweenthebookvalueandtheactualpriceshallbeincludedinthecurrentinvestmentincome.Forlong-termequityinvestmentaccountedbyequitymethod,othercomprehensiveincomeaccountedbytheoriginalequitymethodshallbeaccountedonthesamebasisastheinvestee'sdirectdisposalofrelevantassetsorliabilitieswhentheequitymethodisterminated,andtheowner'sequityshallberecognizedduetootherchangesinowner'sequityoftheinvesteeexceptnetprofitandloss,othercomprehensiveincomeandprofitdistributionWhentheequitymethodisterminated,allofthemshallbetransferredintothecurrentinvestmentincome.Incaseoflossofjointcontrolorsignificantinfluenceontheinvesteeduetothedisposalofpartofequityinvestment,theremainingequityafterdisposalshallbeaccountedaccordingtotherelevantprovisionsoftherecognitionandmeasurementstandardsoffinancialinstruments,andthedifferencebetweenthefairvalueandthebookvalueoftheremainingequityonthedateoflossofjointcontrolorsignificantinfluenceshallbeincludedinthecurrentprofitsandlosses.Whentheequitymethodisterminated,theothercomprehensiveincomeoftheoriginalequityinvestmentrecognizedasaresultofitsaccountingwiththeequitymethodshallbehandledonthesamebasisastheinvestee'sdirectdisposaloftherelevantassetsorliabilitiesandcarriedforwardinproportion.Theowner'sequityrecognizedasaresultofthechangesintheowner'sequityofthe
investeeotherthannetprofitandloss,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.InvestmentpropertyoftheGroupincludetherighttouseanylandwhichhasalreadybeenrented;therighttouseanylandwhichisheldandpreparedfortransferafterappreciation;andtherighttouseanybuildingwhichhasalreadybeenrented.Inaddition,iftheboardofdirectors(orsimilarorganizations)makesawrittenresolutiontousethevacantbuildingsheldbytheGroupforoperatingleaseandtheholdingintentionwillnotchangeinashorttime,theywillalsobelistedasinvestmentrealestate.Theinitialmeasurementoftheinvestmentpropertyshallbemadeatitscost.SubsequentexpendituresincurredforaninvestmentpropertyisincludedinthecostoftheinvestmentpropertywhenitisprobablethateconomicbenefitsassociatedwiththeinvestmentpropertywillflowtotheGroupandthecostcanbereliablymeasured,otherwisetheexpenditureisrecognizedinprofitorlossintheperiodinwhichtheyareincurred.TheGroupshallmakeafollow-upmeasurementtotheinvestmentpropertybyemployingthecost
patternonthedateofthebalancesheet.Anaccrualdepreciationoramortizationshallbemadefortheinvestmentpropertyinthelightoftheaccountingpoliciesoftheuserightofbuildingsorlands.Fordetailsofimpairmenttestmethodandwithdrawalmethodofimpairmentprovisionofinvestmentproperty,pleaserefertoNoteIV.27.“Long-termassetsimpairment”.TheGroup'sinvestmentrealestateadoptstheaveragelifemethodfordepreciationoramortization.Theexpectedservicelife,netresidualvaluerateandannualdepreciation(amortization)rateofallkindsofinvestmentrealestateshallrefertothedepreciationpolicyofbuildingsinfixedassetsandtheamortizationpolicyoflanduserightinintangibleassets.Whenowner-occupiedrealestateorinventoriesarechangedintoinvestmentpropertyorinvestmentpropertyischangedintoowner-occupiedrealestate,ofwhichbookvaluepriortothechangeshallbetheentryvalueafterthechange.Whenaninvestmentpropertyischangedtoanowner-occupiedrealestate,itwouldbetransferredtofixedassetsorintangibleassetsatthedateofsuchchange.Whenanowner-occupiedrealestateischangedtobeheldtoearnrentalorforcapitalappreciation,thefixedassetorintangibleassetistransferredtoinvestmentpropertyatthedateofsuchchange.Ifthefixedassetorintangibleassetischangedintoinvestmentpropertymeasuredbyadoptingthecostpattern,whosebookvaluepriortothechangeshallbetheentryvalueafterthechange;ifthefixedassetorintangibleassetischangedintoinvestmentpropertymeasuredbyadoptingthefairvaluepattern,whosefairvalueonthedateofsuchchangeshallbetheentryvalueafterthechange.Aninvestmentpropertyisderecognizedondisposalorwhentheinvestmentpropertyispermanentlywithdrawnfromuseandnofutureeconomicbenefitsareexpectedfromitsdisposal.Theamountofproceedsonsale,transfer,retirementordamageofaninvestmentpropertylessitscarryingamountandrelatedtaxesandexpensesisrecognizedinprofitorlossintheperiodinwhichitisincurred.
22.FixedAssetsTheGroup’sfixedassetsaretangibleassetsheldfortheproductionofgoods,provisionofservices,rentaloroperationmanagementandhaveausefullifeofmorethanoneyear.FixedassetsshouldberecognizedwhenitisprobablethattheeconomicbenefitsassociatedwiththemwillbeincorporatedintotheGroupandtheircostcanbemeasuredreliably.TheGroup’sfixedassetsincludebuildingsandconstructions,machineryandequipment,electronicequipment,transportationequipment,andotherequipment.TheGroupdepreciatesallfixedassetsbystraight-linemethod,exceptforfullydepreciatedfixedassetsthatcontinuetobeusedandlandthatisseparatelyvalued.Thecategorizeddepreciablelives,
estimatednetsalvageratesanddepreciationratesoftheGroup’sfixedassetsareasfollows:
No. | Category | Method | Depreciationperiod(year) | Expectednetsalvagevalue(%) | Annualdeprecation(%) |
1 | Housingandbuilding | Straight-linedepreciation | 20-40 | 5-10.00 | 2.25-4.75 |
2 | Machineryequipment | Straight-linedepreciation | 5-10 | 5-10.00 | 9.00-19.00 |
3 | Electronicequipment | Straight-linedepreciation | 3-5 | 5-10.00 | 18.00-31.67 |
4 | Transportationvehicle | Straight-linedepreciation | 3-5 | 5-10.00 | 18.00-31.67 |
5 | Otherequipment | Straight-linedepreciation | 5 | 5-10.00 | 18.00-19.00 |
Theestimatedusefullife,estimatednetsalvagevalueanddepreciationmethodoffixedassetsarereviewedattheendofeachyear.Accountingestimationmethodsareusedwhenchangesarerequired.
23.ConstructioninProgressThecostofconstructioninprogressisdeterminedbasedonactualprojectexpenditures,includingallnecessaryprojectexpendituresincurredduringconstruction,borrowingcoststobecapitalizedbeforetheprojectreachesitspredeterminedusablestate,andotherrelatedexpenses,etc.Onthedatewhentheconstructioninprogressreachesitsintendeduseablestate,fixedassetsarecarriedforwardattheestimatedvaluebasedontheprojectbudget,costoractualcostoftheproject,etc.Depreciationstartsfromthefollowingmonth,andthedifferenceintheoriginalvalueoffixedassetsisadjustedafterthecompletionofthefinalaccountingprocedures.Constructioninprogressistransferredtofixedassetsuponreachingthepredeterminedusablestate,withthecriteriaasfollows:
Item | Criteriaforcarryingforwardfixedassets |
Item | Criteriaforcarryingforwardfixedassets |
Housesandbuildings | Themainconstructionprojectandancillaryprojectsaresubstantiallycompleted,meetingthepredetermineddesignrequirements.UponjointacceptancebytheCompany’sEngineeringDepartmentandunitsresponsibleforsurveying,design,construction,supervision,etc.,andgovernmentdepartmentssuchastheFireServicesDepartmentandtheHousingAuthority,andreachingthepredeterminedusablestatefollowingprocessapproval,itistransferredtofixedassets. |
machineryandequipment | Theequipmentmanagementdepartmentandtheequipmentmanufacturerarejointlyresponsiblefortheinstallationandcommissioningoftheequipment,includinghardwaredebugging,processconditionsdebugging,etc.Uponcompletionofdebuggingandreachingthepredeterminedusablestatefollowingprocessapproval,itistransferredtofixedassets. |
24.BorrowingCostsTheGroupcapitalizesborrowingcostsdirectlyattributabletotheacquisition,construction,orproductionofqualifyingassetsaspartofthecostofthoseassets.Otherborrowingcostsarerecognizedasexpensesinthecurrentperiod.TheassetsdeterminedbytheGroupthatmeettheconditionsforcapitalizationinclude:fixedassets,investmentrealestateandinventorythatneedmorethanoneyearofpurchasing,constructionorproductionactivitiestoreachthepresetusableorsellablestatus,shallbecapitalizedwhentheassetexpenditurehasoccurred,theborrowingcostshaveoccurred,andthepurchasing,constructionorproductionactivitiesnecessaryfortheassettoreachthepresetusableorsellablestatushavebegun;Whentheacquisition,constructionorproductionofassetsthatmeetthecapitalizationconditionsreachtheintendedusableorsellablestatus,capitalizationisstopped,andtheborrowingcostsincurredthereafterareincludedintheprofitsandlossesofthecurrentperiod.Ifthereisanabnormalinterruptionintheacquisition,constructionorproductionofassetsthatmeetthecapitalizationconditionsandtheinterruptionlastsformorethan3consecutivemonths,thecapitalizationofborrowingcostswillbesuspendeduntiltheacquisition,constructionorproductionofassetsstartsagain.Duringthecapitalizationperiod,theGrouprecognizestheamountofborrowingcostscapitalizedineachaccountingperiodusingthefollowingmethod:Inthecaseofborrowingspecial-purposeborrowings,theamountofinterestexpenseactuallyincurredinthecurrentperiod,lessinterest
incomeearnedontheunusedborrowedfundsdepositedinthebankorinvestmentincomeearnedontemporaryinvestments,shallbecapitalized;inthecaseofoccupyinggeneralborrowings,theamountshallbedeterminedonthebasisoftheweightedaveragenumberofassetexpendituresfortheportionofaccumulatedassetexpendituresinexcessofthespecial-purposeborrowingsmultipliedbythecapitalizationrateofthegeneralborrowingsoccupied,wherethecapitalizationrateiscalculatedanddeterminedonthebasisoftheweightedaverageinterestrateofthegeneralThecapitalizationrateisbasedontheweightedaverageinterestrateofgeneralborrowings.
25.Right-of-UseAssetsTheright-of-useassetsrefertotherightoftheGroupasthelesseetousetheleasedassetsduringtheleaseterm.
(1)InitialmeasurementAfterthecommencementdateoftheleaseterm,theGroupusesthecostforinitialmeasurementofright-of-useassets.Thecostincludesthefollowingfouritems:a)Theinitialmeasurementamountofleaseliabilities;b)Ifthereisaleaseincentivefortheleasepaymentpaidonorbeforethecommencementdateoftheleaseterm,therelevantamountoftheleaseincentivealreadyenjoyedshallbededucted;c)Theinitialdirectexpensesincurredaretheincrementalcostsincurredinreachingthelease;d)Thecostsexpectedtobeincurredfordismantlingandremovingtheleasedassets,restoringthesitewheretheleasedassetsarelocatedorrestoringtheleasedassetstothestateagreedintheleaseterms,exceptthoseincurredfortheproductionofinventories.
(2)Follow-upmeasurementAfterthecommencementdateoftheleaseterm,theGroupadoptsthecostmodeltocarryoutfollow-upmeasurementoftheright-of-useassets,thatis,theright-of-useassetsaremeasuredatcostlessaccumulateddepreciationandaccumulatedimpairmentlosses.IftheGroupre-measurestheleaseliabilitiesaccordingtotherelevantprovisionsoftheleasestandards,thebookvalueoftheright-of-useassetsshallbeadjustedaccordingly.
(3)Depreciationofright-of-useassetsFromthecommencementdateoftheleaseterm,theGrouphasaccrueddepreciationontheright-of-useassets.Right-of-useassetsareusuallydepreciatedfromthemonthwhentheleasetermbegins.Theaccrueddepreciationamountisincludedinthecostofrelatedassetsorcurrentprofitsandlossesaccordingtotheuseoftheright-of-useassets.Whendeterminingthedepreciationmethodoftheright-of-useassets,theGroupmakesadecisionbasedontheexpectedconsumptionmodeoftheeconomicbenefitsrelatedtotheright-of-useassets,andaccruesdepreciationfortheright-of-useassetsonthestraight-linemethod.Whendeterminingthedepreciationperiodoftheright-of-useassets,theGroupfollowsthefollowingprinciples:Iftheownershipoftheleasedassetscanbereasonablydeterminedwhentheleasetermexpires,depreciationshallbeaccruedwithintheremainingservicelifeoftheleasedassets;ifitcannotbereasonablydeterminedthattheownershipoftheleasedassetcanbeobtainedwhentheleasetermexpires,depreciationshallbeaccruedwithintheshorteroftheleasetermand
theremainingservicelifeoftheleasedasset.
(4)Impairmentofright-of-useassetsIftheright-of-useassetsareimpaired,theGroupcarriesoutsubsequentdepreciationaccordingtothebookvalueoftheright-of-useassetsafterdeductingtheimpairmentloss.
26.IntangibleAssetsTheGroup’sintangibleassetsincludelanduserights,patentedtechnologyandnon-proprietarytechnology,whicharemeasuredatactualcostatthetimeofacquisition.Acquiredintangibleassetsarestatedatactualcostbasedontheactualpricepaidandrelatedotherexpenses.Theactualcostofintangibleassetsinvestedbyinvestorsisdeterminedatthevalueagreedintheinvestmentcontractoragreement,butiftheagreedvalueinthecontractoragreementisnotfair,theactualcostisdeterminedatfairvalue.Intangibleassets,suchaspatents,acquiredinamergernotundercommoncontrolbutownedbytheacquireebutnotrecognizedinitsfinancialstatements,arerecognizedasintangibleassetsatfairvalueatthetimeofinitialrecognitionoftheacquiree’sassets.
(1)Usefullifeanditsdeterminationbasis,estimation,amortizationmethod,orreviewprocedureTheGroup'sintangibleassetsincludelanduserights,patentedtechnology,non-patentedtechnology,etc.,measuredattheactualcostatthetimeofacquisition.Forpurchasedintangibleassets,theactualcostisdeterminedbytheactualpaymentmadeandrelatedexpenditures.Forintangibleassetscontributedbyinvestors,theactualcostisdeterminedbasedonthevalueagreeduponintheinvestmentcontractoragreement;however,ifthecontractuallyagreedvalueisnotfair,thefairvalueisusedtodeterminetheactualcost.Intangibleassetssuchaspatents,whichareacquiredinabusinesscombinationundercommoncontrolbutnotrecognizedinthefinancialstatementsoftheacquiree,arerecognizedasintangibleassetsattheirfairvalueuponinitialrecognitionoftheassetsoftheacquiree.
(2)ScopeofR&DexpendituresandrelatedaccountingtreatmentThescopeoftheGroup'sR&DexpendituresincludessalariesofR&Dpersonnel,directinputcosts,depreciationandamortization,designfees,equipmenttestingfees,feesforR&Doutsourcedtoexternalparties,andotherexpenses.TheGroupclassifiesitsinternalresearchanddevelopmentprojectexpendituresintoexpenditureontheresearchphaseandexpenditureonthedevelopmentphase,basedonthenatureoftheexpendituresandthedegreeofuncertaintyinwhethertheR&Dactivitieswillresultinanintangibleasset.Expenditureontheresearchphasearerecognizedinprofitorlosswhenincurred.Expenditureonthedevelopmentphasearecapitalizedwhenallofthefollowingconditionsaremet:
a)TheGrouphasassessedthetechnicalfeasibilityofcompletingtheintangibleassetsothatitwillbeavailableforuseorsale.b)TheGroupintendstocompletetheintangibleassetanduseorsellit.c)Itisprobablethattheintangibleassetwillgeneratefutureeconomicbenefits.
d)TheGrouphastheadequatetechnical,financial,andotherresourcestocompletethedevelopmentandtouseorselltheintangibleasset.e)Theexpenditureattributabletothedevelopmentphaseoftheintangibleassetcanbemeasuredreliably.Developmentphaseexpendituresnotmeetingthesecapitalizationcriteriaarerecognizedinprofitorlossforthecurrentperiodwhenincurred.
27.ImpairmentofLong-termAssetsFornon-currentnon-financialAssetsoffixedassets,projectsunderconstruction,intangibleassetswithlimitedservicelife,investingrealestatewithcostmodel,long-termequityinvestmentofsubsidiaries,cooperativeenterprisesandjointventures,theGroupshouldjudgewhetherdecreaseinvalueexistsonthedateofbalancesheet.Recoverableamountsshouldbetestedfordecreaseinvalueifitexists.Goodwill,intangibleassetswithuncertainservicelifeandothernon-accessibleintangibleassetsshouldbetestedforimpairmentattheendofeachyear,regardlessofwhetherthereisanyindicationofimpairment.
(1)Impairmentofnon-currentassetsotherthanfinancialassets(exceptgoodwill)Iftherecoverableamountislessthancarryingvalueinimpairmenttestresults,theprovisionforimpairmentofdifferencesshouldincludeinimpairmentloss.Recoverableamountswouldbethehigherofnetvalueofassetfairvaluedeductingdisposalchargesorpresentvalueofpredictedcashflow.Assetfairvalueshouldbedeterminedaccordingtonegotiatedsalespriceoffairtrade.Ifnosalesagreementexistsbutwithassetactivemarket,fairvalueshouldbedeterminedaccordingtotheBuyer’spriceoftheasset.Ifnosalesagreementorassetactivemarketexists,assetfairvaluecouldbeacquiredonthebasisofbestinformationavailable.Disposalexpensesincludelegalfees,taxes,cartageorotherdirectexpensesofmerchantableAssetsrelatedtoassetdisposal.PresentvalueofpredictedassetcashflowshouldbedeterminedbytheproperdiscountrateaccordingtoAssetsinserviceandpredictedcashflowoffinaldisposal.AssetdepreciationreservesshouldbecalculatedonthebasisofsingleAssets.IfitisdifficulttopredicttherecoverableamountsforsingleAssets,recoverableamountsshouldbedeterminedaccordingtothebelongingassetgroup.Assetgroupistheminimumassetcombinationproducingcashflowindependently.
(2)ImpairmentofgoodwillInimpairmenttest,carryingvalueofthebusinessreputationinfinancialreportshouldbesharedtobeneficialassetgroupandassetgroupcombinationincollaborationofbusinessmerger.Itisshowninthetestthatifrecoverableamountsofsharedbusinessreputationassetgrouporassetgroupcombinationarelowerthanbookvalue,itshoulddeterminetheimpairmentloss.Impairmentlossamountshouldfirstlybedeductedandsharedtothecarryingvalueofbusiness
reputationofassetgrouporassetgroupcombination,thendeductcarryingvalueofallassetsaccordingtoproportionsofothercarryingvalueofaboveassetsinassetgrouporassetgroupcombinationexceptbusinessreputation.Themethodology,parametersandassumptionsforthegoodwillimpairmenttestaredescribedinNoteVI-21.Aftertheassetimpairmentlossisdetermined,recoverablevalueamountswouldnotbereturnedinfuture.
28.Long-termDeferredExpensesTheLong-termdeferredexpensesoftheGroupincludingrenovationcost,moldcostandsoonshallbeamortizedevenlyduringthebenefitperiod.Iftheselong-termdeferredexpensescannotbenefitthefutureaccountingperiod,theamortizedvalueofthisitemthathasnotbeenamortizedshallbetransferredtothecurrentprofitandloss.
29.ContractLiabilitiesLiabilitiesofcontractsrefertotheGroup'sobligationtotransfergoodstocustomersduetotheconsiderationreceivedorreceivablefromcustomers.Beforethetransfers,ifthecustomerhaspaidtheconsiderationoriftheGrouphasobtainedtherighttounconditionallycollectthecontractconsideration,theliabilitiesofcontractsshallberecognizedbasedontheamountreceivedorreceivableattheearlierpointbetweentheactualpaymentbythecustomerandthepaymentdue.
30.EmployeeCompensationSalariesofstaffoftheGroupincludeshort-termsalary,post-employmentbenefits,terminationcompensation,andotherlong-termbenefits.Short-termsalarymainlyincludeswages,bonuses,allowancesandsubsidies,aswellasemployeebenefits,medicalinsurance,maternityinsurance,employmentinjuryinsurance,housingprovidentfund,laborunionexpenses,andstaffeducationexpenses,andnon-monetarybenefits.Duringtheaccountingperiodwhentheemployeesprovideservices,theactualshort-termcompensationisrecognisedasaliabilitythatshallbeincludedinthecurrentprofitandlossorthecostofrelatedassetsaccordingtothebeneficiary.Thepost-employmentbenefitsmainlyincludethebasicendowmentinsurance,etc.TheyaredividedintodefinedcontributionplansanddefinedbenefitplansinaccordancewiththerisksandobligationsundertakenbytheGroup.Accordingtothedefinedcontributionplan,thedepositpaidtoaseparateentityinexchangefortheservicesprovidedbytheemployeesduringtheaccountingperiodonthebalancesheetdateisrecognizedasliabilities,andshallbeincludedinthecurrent
profitandlossorthecostofrelatedassetsaccordingtothebeneficiary.IftheGrouphasadefinedbenefitplan,thespecificaccountingmethodshouldbeexplained.Whenterminatinglabourrelationsbeforeexpirationofcontract,orlayoffswithcompensations,andtheGroupcannotterminatethelabourrelationsunilaterallyorreducethedemissionwelfare,remunerationandliabilitiesproducedfromthedemissionwelfareshouldbedeterminedandincludedincurrentprofitsandlosseswhendeterminingthecostsofdemissionwelfareandrecombination.However,demissionwelfarenotfullypaidwithin12monthsafterannualReportingPeriodshouldbehandledthesameasotherlong-termemployees’payrolls.Theinsideemployeeretirementplanistreatedbyadoptingthesameprinciplewiththeabovedismissionwelfare.TheGroupwouldrecordedthesalaryandthesocialsecurityinsurancefeespaidandsoonfromtheemployee’sserviceterminationdatetonormalretirementdateintocurrentprofitsandlosses(dismissionwelfare)undertheconditionthattheymeettherecognitionconditionsofestimatedliabilities.Theotherlong-termwelfarethattheGroupofferstothestaffs,ifmetwiththesettingdrawingplan,shouldbeaccountingdisposedaccordingtothesettingdrawingplan,whiletherestshouldbedisposedaccordingtothesettingrevenueplan.
31.LeaseLiabilities
(1)InitialmeasurementTheGroupinitiallymeasurestheleaseobligationatthepresentvalueoftheleasepaymentsoutstandingatthecommencementdateoftheleaseterm.
1)LeasepaymentsLeasepaymentsrefertotheamountpaidbytheGrouptothelessorrelatedtotherighttousetheleasedassetsduringtheleaseterm,including:a)Fixedpaymentamountandsubstantialfixedpaymentamount.Ifthereisleaseincentive,deducttheamountrelatedtoleaseincentive;b)Thevariableleasepaymentamountdependingontheindexorratio,whichisdeterminedaccordingtotheindexorratioonthecommencementdateoftheleasetermattheinitialmeasurement;c)WhentheGroupreasonablydeterminestheexercisepriceofthepurchaseoptionwhenitwillexerciseit;d)TheleasetermreflectstheamounttobepaidtoexercisetheterminationoptionwhentheGroupwillexercisetheterminationoption;e)TheamountexpectedtobepaidbasedontheresidualvalueoftheguaranteeprovidedbytheGroup.
2)RateofdiscountWhencalculatingthepresentvalueoftheleasepayments,theGroupusestheinterestrateimplicitinleaseastherateofdiscount,whichistheinterestrateatwhichthesumofthepresentvalueofthelessor'sleasereceiptsandthepresentvalueoftheunsecuredresidualvalueequalsthesumofthefairvalueoftheleasedassetandthelessor'sinitialdirectexpenses.IftheGroupfailstodeterminetheinterestrateimplicitinlease,theincrementalinterestrateonborrowingwillbeused
astherateofdiscount.TheincrementalinterestrateonborrowingshallmeantheinterestratepayablebytheGrouptoborrowfundsundersimilarmortgageconditionsduringsimilarperiodstoacquireassetsclosetothevalueoftheright-of-useassetsundersimilareconomiccircumstances.Theinterestrateisrelatedtothefollowingmatters:a)TheGroup'sownsituation,thatis,theCompany'ssolvencyandcreditstatus;b)Thetermof"loan",thatis,theleaseterm;c)Theamountof"borrowed"funds,thatis,theamountofleaseliabilities;d)"Mortgageconditions",thatis,thenatureandqualityoftheunderlyingassets;e)Economicenvironment,includingthejurisdictionwherethelesseeislocated,thevaluationcurrency,thetimewhenthecontractissigned,etc.TheincrementalborrowingrateisbasedontheGroup'slatestasset-basedlendinginterestrateforsimilarassetsandadjustedtotakeintoaccounttheabovefactors.
(2)Follow-upmeasurementAfterthecommencementdateoftheleaseterm,theGroupcarriesoutfollow-upmeasurementofleaseliabilitiesaccordingtothefollowingprinciples:a)Whenrecognizingtheinterestofleaseliabilities,theGroupwillincreasethecarryingamountofleaseliabilities;b)Whenpayingtheleasepayments,theGroupwillreducethebookamountoftheleaseliability;c)Whentheleasepaymentschangesduetorevaluationorleasechange,theGroupwillremeasurethebookvalueofleaseliability.TheGroupcalculatestheinterestexpensesoftheleaseobligationsduringeachperiodoftheleasetermatafixedperiodicinterestrate,andincludesthem(exceptthosethatshallbecapitalized)inprofitorlossforthecurrentperiod.PeriodicratereferstotherateofdiscountadoptedbytheGroupwheninitiallymeasuringleaseliabilities,ortherevisedrateofdiscountadoptedbytheGroupwhenleaseliabilitiesneedtoberemeasuredaccordingtotherevisedrateofdiscountduetochangesinleasepaymentsorleasechanges.
(3)Re-measurementAfterthecommencementdateoftheleaseterm,theGroupre-measurestheleaseliabilitybasedonthepresentvalueofthechangedleasepaymentandadjuststhebookvalueoftheright-of-useassetsaccordinglywhenthefollowingcircumstancesoccur.Ifthecarryingvalueoftheright-of-useassetshasbeenreducedtozero,buttheleaseobligationsstillneedtobefurtherreduced,theGroupwillincludetheremainingamountinprofitorlossforthecurrentperiod.a)Theactualfixedpaymentamountchanges(inthiscase,theoriginalrateofdiscountisusedfordiscount);b)Theestimatedamountpayableoftheresidualvaluechanges(inthiscase,theoriginalrateofdiscountisusedfordiscount);c)Theindexorratiousedtodeterminetheleasepaymentchanges(inthiscase,therevisedrateofdiscountisusedfordiscount);d)Theevaluationresultofthepurchaseoptionchanges(inthiscase,therevisedrateofdiscountisadoptedfordiscount);e)Theevaluationresultoractualexerciseoftheleaserenewaloptionortheleaseterminationoptionchanges(inthiscase,therevisedrateofdiscountisadoptedfordiscount).
32.ProvisionsTheGroupshouldrecognizetherelatedobligationasaprovisionforliabilitywhentheobligationmeetsthefollowingconditions:(1)Thatobligationisapresentobligationoftheenterprise;(2)Itisprobablethatanoutflowofeconomicbenefitsfromtheenterprisewillberequiredtosettlethe
obligation;(3)Areliableestimatecanbemadeoftheamountoftheobligation.Theprojectedliabilitiesareinitiallymeasuredinaccordancewiththeoptimalestimateofthenecessaryexpensesforthefulfillmentofthecurrentobligation,withtherisksrelatedtocontingentmatters,uncertainty,thetimevalueofmoney,andotherfactorstakenintoconsideration.TheGroupreviewsthecurrentbestestimateoftheprovisionsforcontingentliabilitiesatthebalancesheetdateandadjuststhecarryingamountoftheprovisionasnecessary.Whenallorsomeoftheexpensesnecessaryfortheliquidationofanprovisionsofanenterpriseisexpectedtobecompensatedbyathirdparty,thecompensationshouldbeseparatelyrecognizedasanassetonlywhenitisvirtuallycertainthatthereimbursementwillbeobtained.Besides,theamountrecognizedforthereimbursementshouldnotexceedthecarryingvalueoftheestimatedliabilities.
33.PrinciplesofRevenueRecognitionandMeasurementMethodTherevenueoftheGroupmainlyconsistsoftheincomefrommainbusinessandtheincomefromotherbusinesses.
(1)RevenuerecognitionprincipleTheGrouphasfulfilledtheperformanceobligationsinthecontract,thatis,whenthecustomerobtainscontroloftherelevantgoodsorservices,revenueisrecognized.Obtainingcontroloverrelatedgoodsorservicesmeansbeingabletoleadtheuseofthegoodsortheprovisionofsuchservicesandobtainalmostalloftheeconomicbenefitsfromit.Onthestartingdateofthecontract,theGroupevaluatesthecontract,identifieseachindividualperformanceobligationcontainedinthecontract,anddetermineswhethereachindividualperformanceobligationisperformedwithinacertainperiodoftimeoratacertainpointintime.Whenoneofthefollowingconditionsismet,itisaperformanceobligationwithinacertainperiodoftime,otherwise,itisaperformanceobligationatacertainpointintime:
①ThecustomerobtainsandconsumestheeconomicbenefitsbroughtbytheGroup'sperformanceatthesametimetheGroupperformsthecontract.
②ThecustomercancontroltheproductsunderconstructionduringtheperformanceoftheGroup.
③ThegoodsproducedduringtheperformanceoftheGrouphaveirreplaceableuses,andtheGrouphastherighttocollectpaymentsforthecumulativeperformanceofthecontractduringtheentirecontractperiod.Forperformanceobligationsperformedwithinacertainperiodoftime,theGrouprecognizesrevenueaccordingtotheperformanceprogressduringthatperiod.Whentheperformanceprogresscannotbereasonablydetermined,ifthecostincurredbytheGroupisexpectedtobecompensated,
therevenueshallberecognizedaccordingtotheamountofthecostincurreduntiltheperformanceprogresscanbereasonablydetermined.Forperformanceobligationsperformedatacertainpointintime,theGrouprecognizesrevenueatthepointwhenthecustomerobtainscontroloftherelevantgoodsorservices.Whenjudgingwhetheracustomerhasobtainedcontrolofgoodsorservices,theGroupconsidersthefollowingsigns:
①TheGroupenjoysthecurrentrighttoreceivepaymentforthegoodsorservices.
②TheGrouphastransferredthelegalownershipoftheproducttothecustomer.
③TheGrouphastransferredthegoodsinkindtothecustomer.
④TheGrouphastransferredthemainrisksandrewardsoftheownershipoftheproducttothecustomer.
⑤Thecustomerhasacceptedthegoodsorservices.TheGrouphastransferredgoodsorservicestocustomersandtherighttoreceiveconsiderationislistedascontractassets,andcontractassetsaredevaluedonthebasisofexpectedcreditlosses.TheGroup'sunconditionalrighttocollectconsiderationfromcustomersislistedasreceivables.TheGroup’sobligationtotransfergoodsorservicestocustomersduetotheconsiderationreceivedfromcustomersislistedascontractliabilities.
(2)Principlesofincomemeasurement
①Ifthecontractcontainstwoormoreperformanceobligations,atthebeginningofthecontract,theGroupwillallocatethetransactionpricetoeachindividualperformanceobligationbasedontherelativeproportionofthestand-alonesellingpriceofthegoodsorservicespromisedbyeachindividualperformanceobligation.Revenueismeasuredatthetransactionpriceofeachindividualperformanceobligation.
②ThetransactionpriceistheamountofconsiderationthattheGroupexpectstobeentitledtoreceiveduetothetransferofgoodsorservicestocustomers,excludingpaymentscollectedonbehalfofthirdpartiesandpaymentsexpectedtobereturnedtocustomers.ThetransactionpriceconfirmedbytheGroupdoesnotexceedtheamountatwhichtheaccumulatedconfirmedincomewillmostlikelynotundergoasignificantreversalwhentherelevantuncertaintyiseliminated.Itisexpectedthatthemoneyreturnedtothecustomerwillnotbeincludedinthetransactionpriceasaliability.
③Ifthereisvariableconsiderationinthecontract,suchascashdiscountsandpriceguaranteesinpartofthecontractbetweentheGroupanditscustomers,theGroupdeterminesthebestestimate
ofthevariableconsiderationaccordingtotheexpectedvalueorthemostlikelyamount,butincludesthevariableThetransactionpriceoftheconsiderationshallnotexceedtheamountatwhichtheaccumulatedconfirmedincomeisunlikelytobereversedsignificantlywhentherelevantuncertaintyiseliminated.
④Fortheconsiderationpayabletocustomers,theGroupoffsetsthetransactionpricefromtheconsiderationpayabletocustomers,andoffsetsthecurrentincomeatthetimewhentherelevantincomeisrecognizedandthepayment(orpromisedtopay)thecustomerconsiderationislater,unlesstheconsiderationpayableisforObtainotherclearlydistinguishableproductsfromcustomers.
⑤Forsaleswithasalesreturnclause,whenthecustomerobtainscontroloftherelevantproduct,theGrouprecognizesrevenuebasedontheamountofconsiderationexpectedtobereceivedduetothetransferoftheproducttothecustomer,andtheexpectedreturnduetothesalesreturnisrecognizedasanestimatedliability;Atthesametime,accordingtotheexpectedbookvalueofthereturnedgoodsatthetimeoftransfer,thebalanceafterdeductingtheestimatedcostofrecoveringthegoods(includingthevalueimpairmentofthereturnedgoods)isrecognizedasanasset,thatis,thereturncostreceivable,accordingtothetransferredgoodsThebookvalueatthetimeofthetransfer,deductingthenetcarry-overcostoftheaforementionedassetcost.Oneachbalancesheetdate,theGroupre-estimatesthefuturesalesreturnsandre-measurestheaforementionedassetsandliabilities.
⑥Ifthereisasignificantfinancingcomponentinthecontract,theGroupshalldeterminethetransactionpricebasedontheamountpayableincashwhenthecustomerassumescontrolofthegoodsorservices.Usingthediscountratethatdiscountsthenominalamountofthecontractconsiderationintothecurrentcommodityprice,thedifferencebetweenthedeterminedtransactionpriceandtheamountoftheconsiderationpromisedinthecontractisamortizedbytheactualinterestmethodduringthecontractperiod.Onthestartingdateofthecontract,theGroupexpectsthatthetimebetweenthecustomer'sacquisitionofcontrolofthegoodsorservicesandthecustomer'spaymentofthepricewillnotexceedoneyear,regardlessofthesignificantfinancingcomponentsinthecontract.
⑦Accordingtocontractualagreements,legalprovisions,etc.,theGroupprovidesqualityassurancefortheproductssoldandtheassetsbuilt.Forguarantee-typequalityassurancetoassurecustomersthatthegoodssoldmeettheestablishedstandards,theGroupconductsaccountingtreatmentinaccordancewith"contingentevents-estimatedliabilities".Fortheservicequalityassurancethatprovidesaseparateserviceinordertoassurecustomersthatthegoodssoldmeettheestablishedstandards,theGroupregardsitasasingleperformanceobligation,basedonthestand-alonesellingpriceofthequalityassuranceofgoodsandservices.Inarelativeproportion,partof
thetransactionpriceisallocatedtoservicequalityassurance,andrevenueisrecognizedwhenthecustomerobtainscontroloftheservice.Whenassessingwhetherthequalityassuranceprovidesaseparateserviceinadditiontoensuringthattheproductssoldmeettheestablishedstandards,theGroupconsiderswhetherthequalityassuranceisalegalrequirement,thequalityassuranceperiod,andthenatureoftheGroup'scommitmenttoperformthetasks.
⑧WhentheconstructioncontractbetweentheGroupandthecustomerischanged:①Ifthecontractchangeaddsclearlydistinguishableconstructionservicesandcontractprices,andthenewcontractpricereflectsthestand-alonesellingpriceofthenewconstructionservices,theGroupwillThecontractchangeshallbetreatedasaseparatecontractforaccountingtreatment;②Ifthecontractchangedoesnotfallintotheabove-mentionedcircumstance①,andthereisacleardistinctionbetweentheconstructionservicesthathavebeentransferredandtheconstructionservicesthathavenotbeentransferredonthedateofthecontractchange,theGroupTreatitastheterminationoftheoriginalcontract,andatthesametime,mergetheunfulfilledpartoftheoriginalcontractandthechangedpartofthecontractintoanewcontractforaccountingtreatment;③Ifthecontractchangedoesnotfallintotheabovesituation①,andtheconstructionservicehasbeentransferredonthedateofcontractchangeThereisnocleardistinctionbetweentheconstructionserviceandtheuntransferredconstructionservice.TheGroupaccountsforthechangedpartofthecontractasacomponentoftheoriginalcontract.Theresultingimpactontherecognizedrevenuewillbeadjustedonthedateofcontractchange.
(3)Specificmethodsofrevenuerecognition
①RevenuerecognizedontimeTheGroup'ssalesofhouseholdappliances,electroniccomponents,etc.,belongtotheperformanceobligationperformedatacertainpointintime.Recognitionconditionsforincomefromdomesticsalesofgoodsandoverseasdirectsalesofgoods:TheGrouphasdeliveredtheproducttothecustomerinaccordancewiththecontractandthecustomerhasreceivedtheproduct,thepaymenthasbeenrecoveredorthereceiptofpaymenthasbeenobtained,andtherelevanteconomicbenefitsarelikelytoflowin.Themainrisksandrewardshavebeentransferred,andthelegalownershipofthegoodshasbeentransferred.Conditionsforconfirmingtheincomeofexportedgoods:TheGrouphasdeclaredtheproductsforexportaccordingtothecontract,obtainedthebilloflading,anddeliveredthegoodstothecarrierentrustedbythepurchaser.Thepaymenthasbeenrecoveredorthereceiptofpaymenthasbeenobtainedandrelevanteconomicbenefitsarelikelytoflowin.Themainrisksandrewardsofcommodityownershiphavebeentransferred,andthelegalownershipofcommoditieshasbeentransferred.
②IncomeconfirmedaccordingtotheperformanceprogressTheGroup'sbusinesscontractswithcustomersforprojectconstruction,onlineadvertising,operatingleases,etc.areperformanceobligationsperformedwithinacertainperiodoftime,andrevenueisrecognizedaccordingtotheprogressoftheperformance.
34.GovernmentGrantsThegovernmentgrantsoftheGrouparedividedintoasset-basedgrantsrelatedtoandincome-basedgrants.Asset-basedgrantsrefertothegovernmentgrantsforlong-termassetsobtainedbythepurchase,construction,andotherways.Income-basedgrantsrefertoothergrants.Ifthebeneficiariesarenotspecifiedingovernmentdocuments,theGroupwillmakethedistinctionaccordingtotheaforesaidprinciple.Beneficiarieswhicharedifficulttocategorizeshallbeclassifiedasanincome-basedgovernmentgrantasawhole.Currentelementsofgovernmentgrantsshallbemeasuredbasedontheamountactuallyreceived.Thoseshallbemeasuredaccordingtotheamountreceivablearegrantspaidaccordingtoafixedquotastandard,orfundsthatmeettherelevantconditionsstipulatedbythefinancialsupportpolicywithconclusiveevidenceattheendoftheyearandwhichareexpectedasthefinancialsupport.Non-monetaryelementsofthegovernmentgrantsshallbemeasuredatfairvalue.Thosewhosefairvaluecannotbeobtainedreliablyshallbemeasuredatitsnominalamount(RMB1).Asset-basedgrantsshallbeusedtooffsetthecarryingvalueofrelatedassetsorpresentedasdeferredincome,andshall,overthelifeoftherelatedasset,beincludedinthecurrentprofitsandlossesbytheequalamortizationmethod.Iftherelatedassetissold,transferred,scrapped,ordamagedbeforetheendofitsusefullife,itsdeferredincomethathasnotbeendistributedshallbetransferredtothecurrentprofitandlossofassetdisposal.Income-basedgrantsthatareusedtocompensaterelatedcostsorlossesinsubsequentperiodsshallbedeemedasdeferredincomeandshallbeincludedinthecurrentprofitsandlossesduringtheperiodwhentherelatedcostsorlossesarerecognized.Governmentgrantsrelatedtoroutineactivitiesshallbeincludedinotherincomeinaccordancewiththenatureofthetransaction.Governmentgrantsnotrelatedtoroutineactivitiesshallbeincludedinnon-operatingincomeandexpenditure.TheGroupobtainsinterestgrantsonpolicy-relatedconcessionalloansintwodifferentways:theinterestsubsidyfundsareallocatedbythegovernmenteithertothelendingbankordirectlytotheGroup.Therespectiveaccountingtreatmentiscarriedoutasfollows:
(1)Wherethegovernmentallocatesthefundstothelendingbank,andthebankprovidesaloantotheGroupatapolicy-relatedpreferentialinterestrate,theactualamountoftheloanreceivedistakenastheentryvalue,andtheborrowingcostsarecalculatedbasedontheloanprincipalandthepolicy-relatedpreferentialinterestrate.
(2)WherethegovernmentallocatesthefundsdirectlytotheGroup,thegrantsareoffsetagainstborrowingcosts.WherethegovernmentgrantsthattheGrouphasrecognizedinaccountingneedtobereturned,theaccountingtreatmentinthecurrentperiodiscarriedoutasfollows:
1)Ifthebookvalueofanassetisoffsetoninitialrecognition,thebookvaluewillbeadjusted;
2)Ifthereisdeferredincome,thebookbalanceofthedeferredincomewillbeoffset,andtheexcesswillbeincludedinprofitorlossinthecurrentperiod;
3)Underanyothercircumstances,thegrantswillbeincludedinprofitorlossinthecurrentperiod.
35.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilitiesTheGroup'sdeferredtaxassetsanddeferredtaxliabilitiesarecalculatedandrecognizedbasedonthedifference(temporarydifference)betweenthetaxbaseandbookvalueoftheassetsandliabilities.Inthecaseofdeductiblelossesthatcanbedeductedfromtaxableincomeinsubsequentyearsinaccordancewiththeprovisionsofthetaxlaws,thecorrespondingdeferredincometaxassetsarerecognized.Inthecaseoftemporarydifferencesarisingfromtheinitialrecognitionofgoodwill,thecorrespondingdeferredincometaxliabilitiesarenotrecognized.Withrespecttotemporarydifferencesarisingfromtheinitialrecognitionofanassetorliabilityinatransactionwhichisn’tabusinesscombinationandwhichaffectsneitheraccountingprofitnortaxableincome(ordeductiblelosses),thecorrespondingdeferredincometaxassetsanddeferredincometaxliabilitiesarenotrecognized.Onthebalancesheetdate,thedeferredincometaxassetsanddeferredincometaxliabilitiesaremeasuredatthetaxrateapplicabletotheperiodduringwhichtheassetsareexpectedtoberecoveredortheliabilitiesareexpectedtobesettled.TheGrouprecognizesdeferredincometaxassetstotheextentofthetaxableincomewhichitismostlikelytoobtainandwhichcanbedeductedfromdeductibletemporarydifferences,deductiblelossesandtaxcredits.
36.Leasing
(1)IdentificationofleasesTheterm"lease"referstoacontractwherebythelessortransferstherightofuseregardingtheleasedasset(s)tothelesseewithinaspecifiedtimeinexchangeforconsideration.Onthecommencementdateofthecontract,theGroupassesseswhetherthecontractisaleaseorcontains
alease.Ifapartytothecontracttransferstherightallowingthecontrolovertheuseofoneormoreassetsthathavebeenidentifiedwithinacertainperiod,inexchangeforaconsideration,suchcontractisaleaseorincludesalease.Inordertodeterminewhetherapartytothecontracttransferstherightallowingthecontrolovertheuseoftheidentifiedassetsforacertainperiodoftime,theGroupassesseswhetherthecustomersinthecontractareentitledtoobtainalmostalltheeconomicbenefitsarisingfromtheuseoftheidentifiedassetsduringtheuseperiod,andhavetherighttodominatetheuseoftheidentifiedassetsduringtheuseperiod.Ifacontractcontainsmultiplesingleleasesatthesametime,theGroupwillsplitthecontract,andconductaccountingtreatmentofeachsingleleaserespectively.Ifacontractcontainsbothleaseandnon-leasepartsatthesametime,theGroupwillsplittheleaseandnon-leasepartsforaccountingtreatment.
(2)TheGroupaslessee
1)LeaserecognitionOnthecommencementdateoftheleaseterm,theGrouprecognizestheright-of-useassetsandleaseobligationsinrespectofthelease.Fortherecognitionandmeasurementofright-of-useassetsandleaseliabilities,pleaserefertoNoteIV"25.Right-of-useassets"and"31.Leaseliabilities".
2)LeasechangeAleasechangereferstoachangeinthescope,consideration,andtermofleaseoutsidetheoriginalcontractclauses,includingtheadditionorterminationoftheoneorseveralrightstouseleaseassets,andtheextensionorreductionoftheleasetermspecifiedinthecontract.Theeffectivedateofleasechangereferstothedatewhenbothpartiesreachanagreementonleasechange.Iftheleasechangesandthefollowingconditionsaremetatthesametime,theGroupwillaccountfortheleasechangeasaseparatelease:a)Theleasechangeexpandstheleasescopeorextendstheleasetermbyincreasingtherighttouseoneormoreleasedassets;b)Theincreasedconsiderationisequivalenttotheseparatepriceoftheexpandedleasescopeortheextendedleasetermadjustedaccordingtothecontractconditions.Iftheleasechangeisnotaccountedforasaseparatelease,ontheeffectivedateoftheleasechange,theGroupwillallocatetheconsiderationofthechangedcontractinaccordancewiththerelevantprovisionsoftheleasestandardsandre-determinethechangedleaseterm.Therevisedrateofdiscountisusedtodiscountthechangedleasepaymentstoremeasuretheleaseliability.Whencalculatingthepresentvalueofthechangedleasepayments,theGroupusestheinterestrateimplicitinleaseastherateofdiscount.Iftheinterestrateimplicitinleasecannotbedetermined,theGroupadoptstheincrementalborrowingrateofthelesseeontheeffectivedateoftheleasechangeastherateofdiscount.Withregardtotheimpactoftheabove-mentionedleaseliabilityadjustment,theGroupconductsaccountingtreatmentaccordingtothefollowingsituations:a)Thelesseewillcorrespondinglyreducethebookvalueoftheright-of-useassetsandincludetheprofitorlossoftheleaseterminatedinpartorwholeinthecurrentprofitorloss,iftheleasechangenarrowsthescopeofleaseorshortenstheleaseterm.b)Thelesseewillcorrespondinglyadjustthe
bookvalueoftheright-of-useassets,ifotherleasechangesresultinthere-measurementoftheleaseobligation.
3)Short-termandlow-valueassetleasesForshort-termleaseswithaleasetermnotexceeding12monthsandlow-valueassetleaseswithlowervaluewhensingleleasedassetsarebrandnewassets,theGroupchoosesnottorecognizeright-of-useassetsandleaseliabilities.TheGroupincludesthepaymentsofshort-termandlow-valueassetleasesincurredduringeachperiodoftheleasetermintheprofitorlossforthecurrentperiodorthecostofrelevantassetsbythestraight-linemethod.
(3)TheGroupaslessorOnthebasisthat(1)thecontractassessedisaleaseorincludesalease,theGroup,asthelessor,classifiesleasesintofinanceleasesandoperatingleasesontheleasecommencementdate.Ifaleasesubstantiallytransfersvirtuallyallrisksandrewardsassociatedwithownershipoftheleasedasset,thelessorclassifiestheleaseasafinanceleaseandleasesotherthanfinanceleasesasoperatingleases.TheGroupusuallyclassifiesaleasethatfallsunderanyoneormoreofthefollowingcircumstancesasafinancelease:a)Whentheleasetermexpires,theownershipoftheleasedassetistransferredtothelessee;b)Thelesseehastheoptiontopurchasetheleasedasset(s).Astheagreedpurchasepriceislowenoughcomparedwiththefairvalueoftheleasedasset(s)atthetimetheoptionisexpectedtobeexercised,itcanbereasonablydeterminedattheinceptionoftheleasethatthelesseewillexercisetheoption;c)Althoughtheownershipoftheassetsisnottransferred,theleasetermaccountsformostoftheservicelifeoftheleasedassets;d)Ontheleasecommencementdate,thepresentvalueofleasereceiptsisalmostequivalenttothefairvalueofleasedassets;e)Theleasedassetsarespecialinnature,andonlythelesseecanusethemwithoutmajorrenovation.TheGroupmayalsoclassifyaleasethatfallsunderanyoneormoreofthefollowingcircumstancesasafinancelease:a)Ifthelesseecancelsthelease,lossestothelessorcausedbythecancellationwillbebornebythelessee;b)Thegainsorlossesarisingfromthefluctuationofthefairvalueoftheresidualvalueofassetsbelongtothelessee;c)Thelesseehastheabilitytocontinueleasinguntilthenexttermatarentfarbelowthemarketlevel.
1)AccountingtreatmentoffinanceleasesInitialmeasurementOnthecommencementdateoftheleaseterm,theGrouprecognizesthefinanceleasereceivablesforthefinanceleaseandderecognizestheleasedassetofthefinancelease.Itrecognizesthenetinvestmentintheleaseastheentryvalueofthefinancelease,wheninitiallymeasuringthefinanceleasereceivable.Thenetinvestmentintheleaseisthesumofthenetvalueoftheunguaranteedresidualvalueandtheleasereceivablenotreceivedonthecommencementdateoftheleasetermattheinterestrateimplicitinlease.Leasecollectionamountreferstotheamountthatthelessorshouldcollectfromthelesseefortransferringtherighttousetheleasedassetsduringtheleaseterm,including:a)Fixedpaymentamountandsubstantialfixedpaymentamountthatthelesseeneedstopay.Ifthere
isleaseincentive,deducttheamountrelatedtoleaseincentive;b)Thevariableleasepaymentdependingontheindexorratio,whichisdeterminedaccordingtotheindexorratioonthecommencementdateoftheleasetermattheinitialmeasurement;c)Theexercisepriceofthepurchaseoption,providedthatitisreasonablydeterminedthatthelesseewillexercisetheoption;d)Theamounttobepaidbythelesseetoexercisetheoptiontoterminatethelease,providedthattheleasetermreflectsthatthelesseewillexercisetheoptiontoterminatethelease;e)Theresidualvalueofguaranteeprovidedtothelessorbythelessee,thepartyrelatedtothelesseeandanindependentthirdpartythathasthefinancialabilitytofulfilltheguaranteeobligation.Follow-upmeasurementTheGroupcalculatesandconfirmstheinterestincomeatafixedperiodicrateineachperiodintheleaseterm.Periodicratereferstotherateofdiscountimplicitinleaseadoptedtodeterminethenetinvestmentinthelease(inthecaseofsublease,iftheinterestrateimplicitinleaseofsubleasecannotbedetermined,therateofdiscountimplicitinoriginalleaseisadopted(adjustedaccordingtotheinitialdirectexpensesrelatedtosublease)),ortherevisedrateofdiscountdeterminedinaccordancewiththerelevantprovisionswherethechangeofthefinanceleaseisnotaccountedforasaseparateleaseandmeetstheconditionthattheleasewillbeclassifiedasafinanceleaseifthechangebecameeffectiveontheleasecommencementdate.AccountingtreatmentofleasechangeIftheleasechangesandthefollowingconditionsaremetatthesametime,theGroupwillaccountfortheleasechangeasaseparatelease:a)Theleasechangeexpandstheleasescopebyincreasingtherighttouseoneormoreleasedassets;b)Theincreasedconsiderationisequivalenttotheseparatepriceoftheexpandedleasescopeadjustedaccordingtothecontractconditions.Ifthechangeoffinanceleaseisnotaccountedforasaseparatelease,andtheconditionthattheleasewillbeclassifiedasanoperatingleaseifthechangetakeseffectontheleasecommencementdateismet,theGroupwillaccountforitasanewleasefromtheeffectivedateoftheleasechange,andtakethenetleaseinvestmentbeforetheeffectivedateoftheleasechangeasthebookvalueoftheleasedasset.
2)AccountingtreatmentofoperatingleasesTreatmentofrentTheGrouprecognizesleasereceiptsfromoperatingleasesasrentalincomeonastraight-linebasisduringeachperiodoftheleaseterm.IncentivesprovidedIftheGroupprovidesarent-freeperiod,itallocatesthetotalrentalsovertheentireleasetermwithoutdeductingtherent-freeperiodbythestraight-linemethod,andalsorecognizesrentalincomeduringtherent-freeperiod.Ifcertainexpensesofthelesseeareborne,theGroupallocatesthebalanceofrentalincomeovertheleasetermaftersuchexpensesaredeductedfromthegrossrentalincome.Initialdirectcost
InitialdirectexpensesincurredbytheGroupinconnectionwithoperatingleasesshallbecapitalizedtothecostoftheleasedunderlyingassetandrecordedintheprofitsandlossesofthecurrentperiodinstagesovertheleasetermonthesamebasisofrecognitionasrentalincome.DepreciationForthefixedassetsintheassetsunderoperatinglease,theGroupadoptsthedepreciationpolicyofsimilarassetstocalculateanddistilldepreciation.Forotherassetsunderoperatinglease,theGroupamortizestheminasystematicandreasonablemanner.VariableleasepaymentsVariableleasepaymentsmadebytheGroupinrelationtooperatingleasesthatarenotincludedintheleasereceivableareincludedinthecurrentprofitorlosswhentheyareactuallyincurred.ChangeofoperatingleasesIfanoperatingleasechanges,theGroupwillregarditasanewleaseforaccountingtreatmentfromtheeffectivedateofthechange.Theadvancereceiptortheleasereceivablerelatedtotheleasepriortothechangeisrecognizedasthepaymentreceivableofthenewlease.
37.ChangesinMainAccountingPoliciesandEstimates
(1)ChangesofaccountingpoliciesTheMinistryofFinanceissuedtheAccountingStandardsforBusinessEnterprisesInterpretationNo.16(C.K.[2022]No.31)(hereinafterreferredtoas"InterpretationNo.16")onNovember30,2022,interpretationNo.16that"accountingtreatmentthattheexemptionofinitialrecognitionshallnotapplytothedeferredincometaxrelatingtoassetsandliabilitiesarisingfromasingletransaction",whichhastakeneffecton1January2023,withearlyadoptionpermittedforcompaniesfromtheyearofrelease.TheCompanyhasappliedthisinterpretationstartingfrom1January2023.Fortaxabletemporarydifferencesanddeductibletemporarydifferencesarisingfromtheleaseliabilitiesandright-of-useassetsrecognisedbasedonsingletransactionsthatcomplywiththeaboveprovision,attheperiod-beginoftheearliestperiodpresentedinthefinancialstatementthatfollowedsuchprovisionforthefirsttime,theCompanywilladjustretainedincomebroughtforwardintheearliestperiodpresentedinthefinancialstatementandotherrelevantitemsofthefinancialstatementbasedonthefigurescumulativelyaffectedinaccordancewithsuchprovisionandtheAccountingStandardsforBusinessEnterprisesNo.18IncomeTaxes.InaccordancewiththerelevantprovisionsofInterpretationNo.16,thenamesandamountsofthesignificantlyaffectedstatementitemsaresetforthbelow:
Itemaffected | 1January2023 |
Beforeadjustment | Adjustmentamount | Afteradjustment | |
Totalassets | |||
Ofwhich:deferredincometaxassets | 1,190,454,750.62 | 6,951,620.03 | 1,197,406,370.65 |
Totalliabilities | |||
Ofwhich:deferredincometaxliabilities | 89,535,936.97 | 5,891,361.34 | 95,427,298.31 |
Totalshareholders | |||
Ofwhich:retainedearnings | 3,637,291,770.33 | 1,060,258.69 | 3,638,352,029.02 |
(2)ChangesinAccountingEstimatesNosuchcasesintheReportingPeriod.V.Taxation
1.MainTaxesandTaxRate
Categoryoftaxes | Basis | Specificsituationofthetaxesrate |
VAT | CalculatedtheoutputtaxatthetaxrateandpaidtheVATbytheamountafterdeductingthedeductiblewithholdingVATatcurrentperiod,ofwhichtheVATapplicabletoeasycollectionwon’tbelongtothedeductiblewithholdingVAT. | 1%,3%,5%,6%,9%,13% |
Urbanmaintenanceandconstructiontax | Thecirculatingtaxactuallypaid | Paidat5%bysubsidiariesincluding:DongguanKonka,XingDaHongYe,XinfengMicrocrystalline,BoluoKonkaPrecision,BoluoKonka,NingboKanghanrui,JiangsuKonkaSmart,YibinKangrun,YibinKangrunMedical,KonkaHuanjia(Henan),KonkaRonghe,ChengduAnren,ChainKingdomSemiconductor(Shaoxing),GuizhouKangguiMaterials,ZhejiangKonkaElectronic,ZhejiangKonkaTechnologyIndustry,SongyangKonkaIntelligentPaidreducedbyhalfat7%bysubsidiariesincluding:LiaoyangKangshunRenewable,ZhitongTechnology,YibinSmart, |
Categoryoftaxes | Basis | Specificsituationofthetaxesrate |
ShenzhenNianhua,AnhuiKonkaLowCarbon,KanghongXintongPaidreducedbyhalfat5%bysubsidiariesincluding:Jiangkang(Shanghai)Technology,GuizhouKonkaNewMaterial,GuizhouKonkaNewEnergyPaidat1%:JiangxiKonka,JiangxiHighTransparentSubstratePaidat7%:othersubsidiaries. | ||
Educationsurtax | Thecirculatingtaxactuallypaid | 3% |
Localeducationsurtax | Thecirculatingtaxactuallypaid | 2% |
Enterpriseincometax | Taxableincome | 25%/See2.TaxPreferenceandApprovedDocumentsfordetails |
Themaintaxpayersofdifferentcorporateincometaxratesareexplainedasfollows:
Nameofentity | Incometaxrate |
ElectronicsTechnology,AnhuiKonka,AnhuiTongchuang,ShanxiKonka,JiangsuKonka,XingDaHongYe,XinfengMicrocrystalline,BoluoPrecision,KowinMemory(Shenzhen),XiaojiaTechnology | 15% |
HongKongKonka,HongdinTrading,JialiInternational,Hongjet,JiaxinTechnology,HongdinInvest,KonkaMobility,KowinMemory(HongKong) | 16.5% |
ChainKingdomMemoryTechnologies | 16.5% |
KonkaEurope | 15% |
KanghaoTechnology | 22.5% |
KonkaNorthAmerica | 21% |
TheCompanyastheParentandothersubsidiaries | 25% |
Note:AccordingtoregulationsofTemporaryProvisionsofIncomeTaxofTrans-boundaryTaxPaymentEnterprisesbyStateAdministrationofTaxation,residententerpriseswithoutbusinessestablishmentorplacesoflegalpersonsshouldbetaxpaymententerpriseswiththeadministrativemeasuresofincometaxof“unifiedcomputing,level-to-leveladministration,localprepayment,
liquidationsummary,andfinancetransfer”.Itcameintoforcefrom1January2008.Accordingtotheabovemethods,theCompany’ssalesbranchcompaniesineachareawillhandinthecorporateincometaxesinadvancefrom1January2008andwillbefinalsettleduniformlybytheCompanyattheyear-end.
2.TaxPreferenceandApprovedDocuments
(1)AccordingtotheannouncementoftheStateAdministrationofTaxationNo.12of2023:Smallenterpriseswithsmallprofitsshallreducethetaxableincomeamountby25%andpaythecorporateincometaxatthetaxrateof20%,whichshallbecontinueduntil31December2027.
(2)On18October2022,AnhuiKonka,asubsidiaryoftheCompany,obtainedtheCertificateofHigh-TechEnterprisejointlyissuedbytheDepartmentofScienceandTechnologyofAnhuiProvince,theDepartmentofFinanceofAnhuiProvinceandtheTaxationBureauofAnhuiProvinceoftheStateAdministrationofTaxation,withthecertificatenumberGR202234002272,whichisvalidforthreeyears.Inaccordancewiththerelevanttaxregulations,AnhuiKonkaisentitledtotherelevanttaxincentivesforthreeconsecutiveyearsfrom2022to2024toenjoytherelevanttaxpreferentialpoliciesonhigh-techenterprisesandpayenterpriseincometaxatapreferentialtaxrateof15%.
(3)On4November2022,XinfengMicrocrystalline,asubsidiaryoftheCompany,obtainedtheCertificateofHigh-TechEnterprisejointlyissuedbytheDepartmentofScienceandTechnologyofJiangxiProvince,theDepartmentofFinanceofJiangxiProvinceandtheTaxationBureauofJiangxiProvinceoftheStateAdministrationofTaxation,withthecertificatenumberGR202236000999,whichisvalidforthreeyears.Accordingtotherelevanttaxregulations,XinfengMicrocrystallineisentitledtotherelevanttaxincentivesforthreeconsecutiveyearsfrom2022to2024toenjoytherelevanttaxpreferentialpoliciesonhigh-techenterprisesandpayenterpriseincometaxatapreferentialtaxrateof15%.
(4)On18October2022,AnhuiTongchuang,asubsidiaryoftheCompany,obtainedtheCertificateofHigh-TechEnterprisejointlyissuedbytheDepartmentofScienceandTechnologyofAnhuiProvince,theDepartmentofFinanceofAnhuiProvinceandtheTaxationBureauofAnhuiProvinceoftheStateAdministrationofTaxation,withthecertificatenumberGR202234000798,whichisvalidforthreeyears.Inaccordancewiththerelevanttaxregulations,AnhuiTongchuangisentitledtotherelevanttaxincentivesforthreeconsecutiveyearsfrom2022to2024toenjoytherelevanttaxpreferentialpoliciesonhigh-techenterprisesandpayenterpriseincometaxatapreferentialtaxrateof15%.
(5)On22December2022,BoluoPrecision,asubsidiaryoftheCompany,obtainedthe"High-techEnterpriseCertificate"jointlyissuedbyDepartmentofScienceandTechnologyofGuangdongProvince,DepartmentofFinanceofGuangdongProvinceandGuangdongProvincialTaxServiceofStateTaxationAdministration(No.GR202244017658),whichwillbevalidforthreeyears.Accordingtorelevanttaxregulations,BoluoPrecisionenjoysrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2022to2024,andpaysenterpriseincometaxatareducedrateof15%.
(6)On19December2022,ElectronicTechnology,asubsidiaryoftheCompany,receivedtheCertificateofHigh-TechEnterprisejointlyissuedbyShenzhenScienceandTechnologyInnovationCommittee,ShenzhenFinanceBureauandShenzhenTaxationBureauoftheStateAdministrationofTaxation,withthecertificatenumberGR202244205867,whichisvalidforthreeyears.Inaccordancewiththerelevanttaxregulations,ElectronicTechnologyisentitledtotherelevanttaxincentivesforthreeconsecutiveyearsfrom2022to2024toenjoytherelevanttaxpreferentialpoliciesonhigh-techenterprisesandpayenterpriseincometaxatapreferentialtaxrateof15%.
(7)On20December2021,XingDaHongYe,asubsidiaryoftheCompany,obtainedthe"High-techEnterpriseCertificate"jointlyissuedbyDepartmentofScienceandTechnologyofGuangdongProvince,DepartmentofFinanceofGuangdongProvinceandGuangdongProvincialTaxServiceofStateTaxationAdministration(No.GR202144002737),whichwillbevalidforthreeyears.Accordingtorelevanttaxregulations,XingDaHongYeenjoysrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2021to2023,andpaysenterpriseincometaxatareducedrateof15%.
(8)On23December2021,KowinMemory(Shenzhen),asubsidiaryoftheCompany,receivedtheCertificateofHigh-TechEnterprisejointlyissuedbyShenzhenScienceandTechnologyInnovationCommittee,ShenzhenFinanceBureauandShenzhenTaxationBureauoftheStateAdministrationofTaxation,withthecertificatenumberGR202144206630,whichisvalidforthreeyears.Inaccordancewiththerelevanttaxregulations,KowinMemory(Shenzhen)isentitledtotherelevanttaxincentivesforthreeconsecutiveyearsfrom2021to2023toenjoytherelevanttaxpreferentialpoliciesonhigh-techenterprisesandpayenterpriseincometaxatapreferentialtaxrateof15%.
(9)On19December2022,XiaojiaTechnology,asubsidiaryoftheCompany,receivedtheCertificateofHigh-TechEnterprisejointlyissuedbyShenzhenScienceandTechnologyInnovationCommittee,ShenzhenFinanceBureauandShenzhenTaxationBureauoftheStateAdministrationofTaxation,withthecertificatenumberGR202244203274,whichisvalidforthreeyears.Inaccordancewiththerelevanttaxregulations,XiaojiaTechnologyisentitledtotherelevanttaxincentivesforthreeconsecutiveyearsfrom2022to2024toenjoytherelevanttaxpreferentialpoliciesonhigh-techenterprisesandpayenterpriseincometaxatapreferentialtaxrateof15%.
(10)On29November2023,ShanxiKonka,asubsidiaryoftheCompany,obtainedthe"High-techEnterpriseCertificate"jointlyissuedbyDepartmentofScienceandTechnologyofShanxiProvince,DepartmentofFinanceofShanxiProvinceandShanxiProvincialTaxServiceofStateTaxationAdministration(No.GR202361002167),whichwillbevalidforthreeyears.Accordingtorelevanttaxregulations,ShanxiKonkaenjoysrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2023to2025,andpaysenterpriseincometaxatareducedrateof15%.
(11)On6November2023,JiangsuKonka,asubsidiaryoftheCompany,obtainedthe"High-techEnterpriseCertificate"jointlyissuedbyDepartmentofScienceandTechnologyofJiangsuProvince,DepartmentofFinanceofJiangsuProvinceandJiangsuProvincialTaxServiceofState
TaxationAdministration(No.GR202332008044),whichwillbevalidforthreeyears.Accordingtorelevanttaxregulations,ShanxiKonkaenjoysrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2023to2025,andpaysenterpriseincometaxatareducedrateof15%.
(12)InaccordancewiththeAnnouncementontheRenewaloftheEnterpriseIncomeTaxPolicyforWesternDevelopmentEnterprises(MinistryofFinance,GeneralAdministrationofTaxation,NationalDevelopmentandReformCommissionAnnouncementNo.23of2020),anenterpriseestablishedinthewesternregionwhoismainlyengagedinanindustryspecifiedintheCatalogueofEncouragedIndustriesintheWesternRegionandwhosemainbusinessincomeaccountsforover60%ofitsgrossincomeinthecurrentyear,isentitledtoareducedcorporateincometaxrateof15%.ChengduKonkaElectronic,asubsidiaryoftheCompany,iseligibleforthispreferentialtaxpolicy.
(13)Accordingtothefiscalandtaxationdocument[2011]No.100publishedbytheMinistryofFinanceandtheStateAdministrationofTaxation,fortheVATgeneraltaxpayerswhoselltheirself-developedandproducedsoftwareproducts,theVATshallbeleviedattherateof13%,andthenthepartthattheactualtaxburdenontheirVATexceeds3willbeimplementedwiththepolicyofimmediatewithdrawal.TheCompany’ssubsidiaries,ElectronicsTechnologyandAnhuiTongchuangallenjoythispreferentialpolicy.
VI.NotestoMajorItemsintheConsolidatedFinancialStatementsoftheCompanyUnlessotherwisenoted,forthefinancialstatementdatadisclosedbelow,"beginningoftheyear"refersto1January2023,"endoftheyear"refersto31December2023,"thecurrentyear"referstotheperiodfrom1January2023to31December2023and"lastyear"referstotheperiodfrom1January2022to31December2022.Themonetaryunitisrenminbi.
1.Monetaryassets
Item | Closingbalance | Openingbalance |
Cashonhand | 469.28 | 14.78 |
Bankdeposits | 5,892,986,243.07 | 5,473,400,175.52 |
Othermonetaryassets | 613,372,864.67 | 514,695,300.41 |
Total | 6,506,359,577.02 | 5,988,095,490.71 |
Ofwhich:Totalamountdepositedoverseas | 55,324,772.13 | 137,008,617.40 |
Note:Theclosingbalanceofothermonetaryfundsismainlythebalanceoftimedeposits,margindepositsandaccountbalanceonWeChat,Alipayandotherplatforms.Fordetailsofrestrictedfunds,pleaserefertoNoteVI-25Assetswithrestrictedownershiporuseright.
2.Held-for-tradingfinancialassets
Item | Closingbalance | Openingbalance |
Financialassetsatfairvaluethroughprofitorloss | 469,636,700.78 |
Including:Investmentinequityinstruments | 469,636,700.78 |
Total | 469,636,700.78 |
3.Notesreceivable
(1)Classifiedpresentationofnotesreceivable
Item | Closingbalance | Openingbalance |
Banker'sacceptance | 517,759,367.29 | 709,558,838.75 |
Commercialacceptancedraft | 15,412,581.86 | 350,178,404.79 |
Total | 533,171,949.15 | 1,059,737,243.54 |
(2)Listedbywithdrawalmethodsforprovisionforbaddebts
Category | Closingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
Provisionsetasideforbaddebtsbythesingleitem | |||||
Provisionsetasideforbaddebtsbyportfolio | 533,492,913.47 | 100.00 | 320,964.32 | 0.06 | 533,171,949.15 |
Ofwhich:Banker'sacceptance | 517,759,367.29 | 97.05 | 517,759,367.29 | ||
Commercialacceptancedraft | 15,733,546.18 | 2.95 | 320,964.32 | 2.04 | 15,412,581.86 |
Total | 533,492,913.47 | 100.00 | 320,964.32 | 0.06 | 533,171,949.15 |
(Continued)
Category | Openingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
Provisionsetasideforbaddebtsbythesingleitem | |||||
Provisionsetasideforbaddebtsbyportfolio | 1,067,029,648.07 | 100.00 | 7,292,404.53 | 0.68 | 1,059,737,243.54 |
Ofwhich:Banker'sacceptance | 709,558,838.75 | 66.50 | 709,558,838.75 |
Commercialacceptancedraft | 357,470,809.32 | 33.50 | 7,292,404.53 | 2.04 | 350,178,404.79 |
Total | 1,067,029,648.07 | 100.00 | 7,292,404.53 | 0.68 | 1,059,737,243.54 |
Provisionforexpectedcreditlossesoncommercialacceptancedraftbasedonagingintheportfolio
Name | Closingbalance | ||
Bookbalance | Provisionforbaddebts | Provisionpercentage(%) | |
Withinoneyear | 15,733,546.18 | 320,964.32 | 2.04 |
Total | 15,733,546.18 | 320,964.32 | 2.04 |
(3)Provisionforbaddebtsofnotesreceivablesetaside,recoveredorreclassifiedinthe
currentyear
Category | Openingbalance | Changeinthecurrentyear | Closingbalance | |||
Provision | Recoveryorreclassification | Charge-offorwrite-off | Others | |||
Commercialacceptancedraft | 7,292,404.53 | 357,873.71 | 7,329,313.92 | 320,964.32 | ||
Banker'sacceptance | ||||||
Total | 7,292,404.53 | 357,873.71 | 7,329,313.92 | 320,964.32 |
(4)Notesreceivablepledgedattheendoftheyear
Item | Amountpledgedattheendoftheyear |
Banker'sacceptance | 209,288,446.67 |
Commercialacceptancedraft | |
Total | 209,288,446.67 |
(5)Notesreceivableendorsedordiscountedbuthadnotyetmaturedonthebalancesheet
dateattheendoftheyear
Item | Amountderecognisedattheendoftheyear | Amountnotderecognisedattheendoftheyear |
Banker'sacceptance | 1,076,672,657.07 | |
Commercialacceptancedraft | 11,524,075.93 | |
Total | 1,076,672,657.07 | 11,524,075.93 |
(6)NotesreceivableactuallywrittenoffinthecurrentyearTherewerenosignificantwrite-offsofnotesreceivableinthecurrentyear.
4.Accountsreceivable
(1)Accountsreceivablelistedbyagingportfolio
Aging | Bookbalanceattheendoftheyear | Bookbalanceatthebeginningoftheyear |
Withinoneyear(inclusive) | 1,489,573,102.24 | 1,708,338,208.62 |
Onetotwoyears | 152,217,296.67 | 163,165,760.88 |
Twotothreeyears | 131,889,796.60 | 267,210,849.90 |
Threetofouryears | 265,897,663.73 | 671,539,902.08 |
Fourtofiveyears | 674,517,508.86 | 692,197,002.61 |
Overfiveyears | 894,028,569.23 | 206,463,164.65 |
Total | 3,608,123,937.33 | 3,708,914,888.74 |
(2)Accountsreceivablelistedbywithdrawalmethodsforbaddebts
Category | Closingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
Provisionsetasideforbaddebtsbythesingleitem | 1,601,967,285.04 | 44.40 | 1,524,090,371.01 | 95.14 | 77,876,914.03 |
Provisionsetasideforbaddebtsbyportfolio | |||||
Ofwhich:Agingportfolio | 2,006,156,652.29 | 55.60 | 357,487,593.24 | 17.82 | 1,648,669,059.05 |
Subtotalofportfolio | 2,006,156,652.29 | 55.60 | 357,487,593.24 | 17.82 | 1,648,669,059.05 |
Total | 3,608,123,937.33 | 100.00 | 1,881,577,964.25 | 52.15 | 1,726,545,973.08 |
(Continued)
Category | Openingbalance | ||
Bookbalance | Provisionforbaddebts | Carryingvalue |
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
Provisionsetasideforbaddebtsbythesingleitem | 1,487,466,561.80 | 40.11 | 1,350,460,284.27 | 90.79 | 137,006,277.53 |
Provisionsetasideforbaddebtsbyportfolio | |||||
Ofwhich:Agingportfolio | 2,221,448,326.94 | 59.89 | 321,719,768.25 | 14.48 | 1,899,728,558.69 |
Subtotalofportfolio | 2,221,448,326.94 | 59.89 | 321,719,768.25 | 14.48 | 1,899,728,558.69 |
Total | 3,708,914,888.74 | 100.00 | 1,672,180,052.52 | 45.09 | 2,036,734,836.22 |
1)Provisionsetasideforbaddebtsofaccountsreceivablebysingleitem
Name | Openingbalance | Closingbalance | ||||
Bookbalance | Provisionforbaddebts | Bookbalance | Provisionforbaddebts | Provisionpercentage(%) | Reasonsfortheprovision | |
ShanghaiHuaxinInternationalGroupCo.,Ltd. | 299,136,676.70 | 293,153,943.17 | 299,136,676.70 | 293,153,943.17 | 98.00 | Expectedtobedifficulttorecover |
HongtuSanbaoHigh-techTechnologyCo.,Ltd. | 200,000,000.00 | 160,000,000.00 | 200,000,000.00 | 180,000,000.00 | 90.00 | Expectedtobedifficulttorecover |
ShenzhenYaodeTechnologyCo.,Ltd. | 143,135,135.62 | 121,664,865.28 | 145,562,210.29 | 145,562,210.29 | 100.00 | Notexpectedtoberecoverable |
GuanganOuqishiElectronicTechnologyCo.,Ltd. | 113,230,553.53 | 110,965,942.46 | 113,140,553.53 | 110,965,942.46 | 98.08 | Expectedtobedifficulttorecover |
GuangxiBGNewMaterialsCo.,Ltd. | 83,396,556.37 | 81,728,625.24 | 83,396,556.37 | 81,728,625.24 | 98.00 | Expectedtobedifficulttorecover |
ZhongfuTiangongConstructionGroupCo., | 71,589,096.65 | 53,691,822.49 | 71,389,096.65 | 53,541,822.49 | 75.00 | Expectedtobedifficulttorecover |
Name | Openingbalance | Closingbalance | ||||
Bookbalance | Provisionforbaddebts | Bookbalance | Provisionforbaddebts | Provisionpercentage(%) | Reasonsfortheprovision | |
Ltd. | ||||||
GomeCustomization(Tianjin)HomeAppliancesCo.,Ltd. | 59,569,295.02 | 35,741,577.01 | 59,569,295.02 | 59,569,295.02 | 100.00 | Notexpectedtoberecoverable |
CCCCFirstHarborEngineeringCompanyLtd. | 65,221,300.00 | 65,221,300.00 | 55,438,105.00 | 55,438,105.00 | 100.00 | Notexpectedtoberecoverable |
XingdaHongye(Hk)Limited | 51,902,301.95 | 51,902,301.95 | 51,902,301.95 | 51,902,301.95 | 100.00 | Notexpectedtoberecoverable |
ChinaEnergyElectricFuelCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | 50,000,000.00 | 50,000,000.00 | 100.00 | Notexpectedtoberecoverable |
Others | 350,285,645.96 | 326,389,906.67 | 472,432,489.53 | 442,228,125.39 | 93.61 | Expectedtobedifficulttorecover |
Total | 1,487,466,561.80 | 1,350,460,284.27 | 1,601,967,285.04 | 1,524,090,371.01 |
2)Provisionsetasideforbaddebtsofaccountsreceivablebyportfolio
Aging | Closingbalance | ||
Bookbalance | Provisionforbaddebts | Provisionpercentage(%) | |
Withinoneyear | 1,454,252,297.12 | 29,667,135.82 | 2.04 |
Onetotwoyears | 91,446,278.07 | 9,162,526.34 | 10.02 |
Twotothreeyears | 107,199,985.50 | 24,323,676.70 | 22.69 |
Threetofouryears | 167,778,579.76 | 108,854,742.54 | 64.88 |
Fourtofiveyears | 34,866,178.32 | 34,866,178.32 | 100.00 |
Overfiveyears | 150,613,333.52 | 150,613,333.52 | 100.00 |
Total | 2,006,156,652.29 | 357,487,593.24 | 17.82 |
(3)Provisionforbaddebtsofaccountsreceivablesetaside,recoveredorreclassifiedin
thecurrentyear
Category | Openingbalance | Changeinthecurrentyear | |
Provision | Recoveryorreclassification | ||
Provisionforbaddebtsofaccountsreceivable | 1,672,180,052.52 | 231,993,028.00 | 22,759,281.37 |
Total | 1,672,180,052.52 | 231,993,028.00 | 22,759,281.37 |
(Continued)
Category | Changeinthecurrentyear | Closingbalance | |
Charge-offorwrite-off | Decreaseforotherreasons | ||
Provisionforbaddebtsofaccountsreceivable | 1,527,689.87 | -1,691,854.97 | 1,881,577,964.25 |
Total | 1,527,689.87 | -1,691,854.97 | 1,881,577,964.25 |
Note:DecreasesforotherreasonswereRMB-2,671,676.56duetoexchangeratechangesinthecurrentyearandthedecreasebyRMB979,821.59duetothelossofcontrollingright.
(4)Accountsreceivableactuallywrittenoffinthecurrentyear
Item | Amountwrittenoff |
Accountsreceivablewrittenoff | 1,527,689.87 |
(5)Topfiveaccountsreceivableandcontractassetsintheclosingbalancecategorisedby
debtorsThetotalamountofaccountsreceivablewithtopfiveclosingbalancecategorisedbydebtorsinthecurrentyearwasRMB1,270,247,243.45,accountingfor35.21%ofthetotalclosingbalanceofaccountsreceivable.ThetotalclosingbalanceofprovisionforbaddebtscorrespondinglysetasidewasRMB645,731,486.43.
5.Contractassets
(1)Contractassets
Item | Closingbalance | Openingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | Bookbalance | Provisionforbaddebts | Carryingvalue | |
Warranty | 2,236,000.34 | 45,614.41 | 2,190,385.93 | |||
Total | 2,236,000.34 | 45,614.41 | 2,190,385.93 |
(2)Classifiedpresentationofcontractassetsbyprovisioningmethodsofbaddebts
Category | Closingbalance |
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
Provisionsetasideforbaddebtsbythesingleitem | |||||
Provisionsetasideforbaddebtsbyportfolio | |||||
Ofwhich:Agingportfolio | 2,236,000.34 | 100.00 | 45,614.41 | 2.04 | 2,190,385.93 |
Subtotalofportfolio | 2,236,000.34 | 100.00 | 45,614.41 | 2.04 | 2,190,385.93 |
Total | 2,236,000.34 | 100.00 | 45,614.41 | 2.04 | 2,190,385.93 |
(3)Provisionsetasideforbaddebtsofcontractassetsbyportfolio
Aging | Closingbalance | ||
Bookbalance | Provisionforbaddebts | Provisionpercentage(%) | |
Withinoneyear | 2,236,000.34 | 45,614.41 | 2.04 |
Total | 2,236,000.34 | 45,614.41 |
(4)Provisionforbaddebtsofcontractassetssetaside,recoveredorreclassifiedinthe
currentyear
Item | Provisioninthecurrentyear | Recoveryorreclassificationinthecurrentyear | Charge-off/Write-offinthecurrentyear | Reasons |
Warranty | 54,626.97 | 9,012.56 | Normalprovision | |
Total | 54,626.97 | 9,012.56 |
(5)ContractassetsactuallywrittenoffinthecurrentyearTherewerenocontractassetsactuallywrittenoffinthecurrentyear.
6.Accountsreceivablefinancing
Item | Closingbalance | Openingbalance |
Notesreceivable | 173,396,326.14 | 237,187,228.44 |
Total | 173,396,326.14 | 237,187,228.44 |
7.Otheraccountsreceivable
Item | Closingbalance | Openingbalance |
Interestreceivable | 6,681,258.01 | 3,878,580.64 |
Item | Closingbalance | Openingbalance |
Dividendsreceivable | 941,482.38 | 272,999.43 |
Otheraccountsreceivable | 981,498,327.12 | 1,437,973,265.51 |
Total | 989,121,067.51 | 1,442,124,845.58 |
7.1Interestreceivable
Item | Closingbalance | Openingbalance |
Interestontermdeposits | 6,681,258.01 | 3,878,580.64 |
Total | 6,681,258.01 | 3,878,580.64 |
7.2Dividendsreceivable
(1)Categoryofdividendsreceivable
Item(orinvestee) | Closingbalance | Openingbalance |
ChongqingQingjiaElectronicsCo.,Ltd. | 272,999.43 | |
ShenzhenJielunteTechnologyCo.,Ltd. | 941,482.38 | |
Total | 941,482.38 | 272,999.43 |
7.3Otherreceivables
(1)Classifiedbyaccountnature
Natureoffund | Bookbalanceattheendoftheyear | Bookbalanceatthebeginningoftheyear |
Depositandmargin | 1,234,840,210.69 | 1,411,807,968.60 |
Intercoursefundsamongminorityshareholdersinthebusinessconsolidationnotunderthesamecontrolandrelatedparties | 179,663,586.05 | 176,571,471.89 |
Energy-savingsubsidiesreceivable | 152,399,342.00 | 152,399,342.00 |
Others | 1,496,129,924.02 | 1,523,970,760.63 |
Total | 3,063,033,062.76 | 3,264,749,543.12 |
(2)Otherreceivableslistedbyaging
Aging | Bookbalanceattheendoftheyear | Bookbalanceatthebeginningoftheyear |
Withinoneyear | 253,550,068.51 | 531,774,524.39 |
(3)Classifiedpresentationofotherreceivablesbyprovisioningmethodsofbaddebts
Category | Closingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
Otherreceivablesofexpectedcreditlossessetasidebysingleitem | 1,960,682,465.29 | 64.01 | 1,644,122,039.53 | 83.85 | 316,560,425.76 |
Otherreceivablesofprovisionforbaddebtssetasidebycreditriskcharacteristicportfolio: | |||||
Ofwhich:Agingportfolio | 975,322,848.99 | 31.84 | 413,933,906.39 | 42.44 | 561,388,942.60 |
Low-riskportfolio | 127,027,748.48 | 4.15 | 23,478,789.72 | 18.48 | 103,548,958.76 |
Subtotalofportfolio | 1,102,350,597.47 | 35.99 | 437,412,696.11 | 39.68 | 664,937,901.36 |
Total | 3,063,033,062.76 | 100.00 | 2,081,534,735.64 | 67.96 | 981,498,327.12 |
(Continued)
Category | Openingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
Otherreceivablesofexpectedcreditlossessetasidebysingleitem | 1,461,191,467.51 | 44.76 | 1,437,476,408.89 | 98.38 | 23,715,058.62 |
Otherreceivablesofprovisionforbaddebtssetasidebycreditriskcharacteristic |
Onetotwoyears
Onetotwoyears | 77,519,916.42 | 551,601,162.73 |
Twotothreeyears | 551,521,166.18 | 688,602,155.02 |
Threetofouryears | 690,507,047.29 | 1,096,771,140.67 |
Fourtofiveyears | 1,092,957,617.71 | 201,058,646.10 |
Overfiveyears | 396,977,246.65 | 194,941,914.21 |
Total | 3,063,033,062.76 | 3,264,749,543.12 |
Category | Openingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
portfolio: | |||||
Ofwhich:Agingportfolio | 1,342,397,234.31 | 41.12 | 372,315,645.78 | 27.74 | 970,081,588.53 |
Low-riskportfolio | 461,160,841.30 | 14.12 | 16,984,222.94 | 3.68 | 444,176,618.36 |
Subtotalofportfolio | 1,803,558,075.61 | 55.24 | 389,299,868.72 | 21.59 | 1,414,258,206.89 |
Total | 3,264,749,543.12 | 100.00 | 1,826,776,277.61 | 55.95 | 1,437,973,265.51 |
1)Provisionsetasideforbaddebtsofotherreceivablesbyportfolio
Aging | Closingbalance | ||
Bookbalance | Provisionforbaddebts | Provisionpercentage(%) | |
Withinoneyear | 79,420,865.29 | 1,443,228.60 | 1.82 |
Onetotwoyears | 73,767,052.51 | 2,611,493.16 | 3.54 |
Twotothreeyears | 532,898,477.68 | 120,262,928.40 | 22.57 |
Threetofouryears | 255,310,443.57 | 163,102,411.35 | 63.88 |
Fourtofiveyears | 43,789,758.21 | 32,828,634.39 | 74.97 |
Overfiveyears | 117,164,000.21 | 117,164,000.21 | 100.00 |
Total | 1,102,350,597.47 | 437,412,696.11 | 39.68 |
2)Provisionsetasideforbaddebtsofotherreceivablesbythegeneralexpectedcredit
lossmodel
Provisionforbaddebts | PhaseI | PhaseII | PhaseIII | Total |
Expectedcreditlossforthenext12months | Expectedcreditlossduringthewholeoutstandingmaturity(withoutcreditimpairment) | Expectedcreditlossduringthewholeoutstandingmaturity(withcreditimpairment) | ||
Balanceasof1January2023 | 6,475,374.50 | 382,824,494.22 | 1,437,476,408.89 | 1,826,776,277.61 |
Balanceasof1January | -796,704.84 | -43,713,266.78 | 44,509,971.62 |
Provisionforbaddebts | PhaseI | PhaseII | PhaseIII | Total |
Expectedcreditlossforthenext12months | Expectedcreditlossduringthewholeoutstandingmaturity(withoutcreditimpairment) | Expectedcreditlossduringthewholeoutstandingmaturity(withcreditimpairment) | ||
2023inthecurrentyear | ||||
--TransferredtoPhaseII | -796,704.84 | 796,704.84 | ||
--TransferredtoPhaseIII | -44,509,971.62 | 44,509,971.62 | ||
--ReclassifiedunderPhaseII | ||||
--ReclassifiedunderPhaseI | ||||
Provisioninthecurrentyear | 1,443,552.70 | 121,048,531.32 | 161,917,015.87 | 284,409,099.89 |
Recoveryinthecurrentyear | 5,678,993.76 | 24,071,209.19 | 318,202.52 | 30,068,405.47 |
Charge-offinthecurrentyear | ||||
Write-offinthecurrentyear | 68,817.68 | 68,817.68 | ||
Otherchanges | -50,264.38 | 536,845.67 | 486,581.29 | |
Balanceasat31December2023 | 1,443,228.60 | 435,969,467.51 | 1,644,122,039.53 | 2,081,534,735.64 |
Note:Thefirststageisthatcreditriskhasnotincreasedsignificantlysinceinitialrecognition.Forotherreceivableswithanagingportfolioandalow-riskportfoliowithinoneyear,thelossprovisionismeasuredaccordingtotheexpectedcreditlossesinthenext12months.Thesecondstageisthatcreditriskhasincreasedsignificantlysinceinitialrecognitionbutcreditimpairmenthasnotyetoccurred.Forotherreceivableswithanagingportfolioandalow-riskportfoliothatexceedoneyear,thelossprovisionismeasuredbasedontheexpectedcreditlossesfortheentireduration.Thethirdstageisthecreditimpairmentafterinitialconfirmation.Forotherreceivablesofcreditimpairmentthathaveoccurred,thelossprovisionismeasuredaccordingtothecreditlossesthathaveoccurredthroughouttheduration.Provisionforbaddebtsofotherreceivablessetaside,recoveredorreclassifiedinthecurrentyear
Category | Openingbalance | Changeinthecurrentyear | Closingbalance |
Provision | Recoveryorreclassification | Charge-offorwrite-off | Others | |||
Provisionforbaddebtsofotherreceivables | 1,826,776,277.61 | 284,409,099.89 | 30,068,405.47 | 68,817.68 | -486,581.29 | 2,081,534,735.64 |
Total | 1,826,776,277.61 | 284,409,099.89 | 30,068,405.47 | 68,817.68 | -486,581.29 | 2,081,534,735.64 |
Note:DecreasesforotherreasonswereRMB-490,091.29duetoexchangeratechangesandthedecreasebyRMB3,510duetothelossofcontrollingright.
(5)Otherreceivablesactuallywrittenoffinthecurrentyear
Item | Amountwrittenoff |
Otheraccountsreceivablewrittenoff | 68,817.68 |
(6)Otherreceivableswithtopfiveyear-endbalancescategorisedbydebtorsThetotalamountofotherreceivableswithtopfiveclosingbalancecategorisedbydebtorsinthecurrentyearwasRMB1,370,349,125.97,accountingfor44.74%ofthetotalclosingbalanceofotherreceivables.ThetotalclosingbalanceofprovisionforbaddebtscorrespondinglysetasidewasRMB746,602,773.17.
8.Prepayments
(1)Ageofprepayments
Item | Closingbalance | Openingbalance | ||
Amount | Proportion(%) | Amount | Proportion(%) | |
Withinoneyear | 114,332,392.60 | 69.10 | 332,218,631.50 | 85.20 |
Onetotwoyears | 827,985.04 | 0.50 | 52,945,431.22 | 13.58 |
Twotothreeyears | 46,545,996.66 | 28.13 | 4,191,405.92 | 1.07 |
Overthreeyears | 3,747,937.21 | 2.27 | 592,183.75 | 0.15 |
Total | 165,454,311.51 | 100.00 | 389,947,652.39 | 100.00 |
Note:TheamountofadvancedpaymentsagedoveroneyearattheendoftheperiodisRMB51,121,918.91,accountingfor30.90%ofthetotalbalanceofadvancedpaymentsoftheCompany,andconsistsmainlyofunsettledpayments.
(2)TopfiveprepaymentsintheclosingbalancecategorisedbypayeesThetotalamountofprepaymentswithtopfiveclosingbalancecategorisedbypayeeswasRMB100,270,755.74,accountingfor60.60%ofthetotalclosingbalanceofprepayments.
9.Inventory
(1)Inventoryclassification
Item | Closingbalance | ||
Bookbalance | Provisionforinventoryimpairment/forcontractfulfilmentcostimpairment | Carryingvalue | |
Rawmaterials | 593,131,602.70 | 86,829,664.81 | 506,301,937.89 |
Semi-finishedproducts | 96,408,258.96 | 41,741,196.19 | 54,667,062.77 |
Commoditiesinstock | 2,636,678,840.40 | 490,032,803.73 | 2,146,646,036.67 |
Commissionedproducts | 1,934,264.95 | 211,225.91 | 1,723,039.04 |
Contractfulfilmentcosts | |||
Developmentcosts | 540,559,624.61 | 540,559,624.61 | |
Total | 3,868,712,591.62 | 618,814,890.64 | 3,249,897,700.98 |
(Continued)
Item | Openingbalance | ||
Bookbalance | Provisionforinventoryimpairment/forcontractfulfilmentcostimpairment | Carryingvalue | |
Rawmaterials | 1,168,223,234.28 | 64,695,751.94 | 1,103,527,482.34 |
Semi-finishedproducts | 145,186,803.18 | 37,339,815.90 | 107,846,987.28 |
Commoditiesinstock | 3,316,097,782.82 | 270,664,206.34 | 3,045,433,576.48 |
Commissionedproducts | 2,862,799.75 | 2,862,799.75 | |
Contractfulfilmentcosts | 254,159.33 | 254,159.33 | |
Developmentcosts | 149,842,751.04 | 149,842,751.04 | |
Total | 4,782,467,530.40 | 372,699,774.18 | 4,409,767,756.22 |
(2)Inventoryfallingpricereservesandimpairmentprovisionofcontractperformancecosts
Item | Openingbalance | Increaseinthecurrentyear | |
Withdrawal | Others |
Item | Openingbalance | Increaseinthecurrentyear | |
Withdrawal | Others | ||
Rawmaterials | 64,695,751.94 | 34,137,020.94 | |
Semi-finishedproducts | 37,339,815.90 | 7,240,010.26 | |
Commoditiesinstock | 270,664,206.34 | 330,144,533.95 | |
Commissionedproducts | 212,034.71 | ||
Total | 372,699,774.18 | 371,733,599.86 |
(Continued)
Item | Decreaseinthecurrentyear | Closingbalance | |
Write-off | Others | ||
Rawmaterials | 12,546,636.83 | -543,528.76 | 86,829,664.82 |
Semi-finishedproducts | 2,838,629.97 | 41,741,204.42 | |
Commoditiesinstock | 110,287,169.31 | 488,767.25 | 490,032,795.49 |
Commissionedproducts | 808.80 | 211,225.91 | |
Total | 125,672,436.11 | -53,952.71 | 618,814,890.64 |
SpecificbasisfordeterminingtherealisablenetvalueandreasonsforinventoryfallingpricereservesandimpairmentprovisionforcontractperformancecoststransferredbackorwrittenoffduringtheReportingPeriod:
Item | Specificbasisforwithdrawalofinventoryfallingpricereserves | Reasonsforcharge-offofprovisionforinventoriesimpairmentinthecurrentyear |
Rawmaterials | Therealisablenetvaluewaslowerthanthecarryingvalue | Theyhavebeensoldorusedinthecurrentyear |
Semi-finishedproducts | Therealisablenetvaluewaslowerthanthecarryingvalue | Theyhavebeensoldorusedinthecurrentyear |
Commoditiesinstock | Therealisablenetvaluewaslowerthanthecarryingvalue | Theyhavebeensoldinthecurrentyear |
10.Currentportionofnon-currentassets
Item | Closingbalance | Openingbalance | Nature |
Long-termreceivablesduewithinoneyear | 14,630,000.00 | Financeleasepayment | |
Total | 14,630,000.00 |
11.Othercurrentassets
Item | Closingbalance | Openingbalance |
Principalandinterestsofentrustedloanstoassociatedenterprises | 1,744,123,316.97 | 1,544,592,633.44 |
Prepaymentsanddeductibletaxes,andrefundoftaxforexportreceivable | 569,875,346.61 | 457,991,464.58 |
Deferredexpenses | 28,112,001.12 | 17,278,894.58 |
Costsreceivableforreturninggoods | 15,925,346.67 | 14,214,651.96 |
Others | 1,123,457.38 | 4,763,581.27 |
Total | 2,359,159,468.75 | 2,038,841,225.83 |
12.Long-termreceivables
Item | Closingbalance | ||
Bookbalance | Provisionforbaddebts | Carryingvalue | |
Financeleasepayment | |||
Including:Unrealisedfinancingincome | |||
Cashdepositsoflong-termreceivables | |||
Long-termreceivablesfromfranchiseitems | |||
Less:Long-termreceivablesduewithinoneyear(SeeNoteVi-10fordetails) | |||
Total |
(Continued)
Item | Openingbalance | ||
Bookbalance | Provisionforbaddebts | Carryingvalue | |
Financeleasepayment | |||
Including:Unrealisedfinancingincome | |||
Cashdepositsoflong-termreceivables | 15,430,400.00 | 15,430,400.00 | |
Long-termreceivablesfromfranchiseitems | |||
Less:Long-termreceivablesduewithinoneyear(SeeNoteVi-10fordetails) | 14,630,000.00 | 14,630,000.00 |
Item | Openingbalance | ||
Bookbalance | Provisionforbaddebts | Carryingvalue | |
Total | 800,400.00 | 800,400.00 |
13.Long-termequityinvestment
Investee | Openingbalance | Changesinthecurrentyear | ||||
Increaseintheinvestment | Decreaseintheinvestment | Costmethodtoequitymethod | Profitorlossofinvestmentrecognisedbytheequitymethod | Changesinothercomprehensiveincome | ||
KonkaVenturesDevelopment(Shenzhen)Co.,Ltd.(formerlyknownas"KonkaVenturesDevelopment(Shenzhen)Co.,Ltd.") | 4,963,158.89 | 41,420.73 | ||||
NanjingZhihuiguangInformationTechnologyResearchInstituteCo.,Ltd. | 1,686,591.04 | 332,696.32 | ||||
FeidiTechnology(Shenzhen)Co.,Ltd. | 10,591,603.87 | 115,303.85 | ||||
ShenzhenKangyueEnterpriseCo.,Ltd. | 32,232,415.88 | -7,255,087.00 | ||||
FoshanZhujiangMediaCreativeParkCulturalDevelopmentCo.,Ltd. | 2,834,367.04 | -2,834,367.04 | ||||
KangkaiTechnologyService(Chengdu)Co.,Ltd. | 209,048.32 | -94,854.53 | ||||
PuchuangJiakangTechnologyCo,Ltd. | 3,658,484.71 | 57,790.00 | ||||
ChongqingQingjiaElectronicsCo.,Ltd. | 5,831,185.33 | 5,831,185.33 | ||||
ShenzhenJielunteTechnologyCo.,Ltd. | 99,748,594.97 | -3,889,533.49 | ||||
PanxuIntelligenceCo.,Ltd. | 51,392,171.46 | -2,410,150.21 | -295,544.14 | |||
OrientExcellent(Zhuhai)Asset | 7,482,864.06 | 1,115,710.93 |
Investee | Openingbalance | Changesinthecurrentyear | ||||
Increaseintheinvestment | Decreaseintheinvestment | Costmethodtoequitymethod | Profitorlossofinvestmentrecognisedbytheequitymethod | Changesinothercomprehensiveincome | ||
ManagementCo.,Ltd. | ||||||
DongfangJiakangNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)(formerly:DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)) | 483,905,786.35 | 161,022,858.56 | 15,206,372.63 | |||
TongxiangWuzhenKunyuVentureCapitalInvestmentCo.,Ltd.(formerly:TongxiangWuzhenKunyuEquityInvestmentCo.,Ltd.) | 3,527,761.64 | -3,724.56 | ||||
ShenzhenRF-LlinkTechnologyCo.,Ltd. | ||||||
AnhuiKaikaiShijieE-commerceCo.,Ltd. | 418,721,305.96 | 93,109.02 | ||||
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 313,484,693.57 | -52,251,209.71 | ||||
ChutianDragonCo.,Ltd. | 523,726,463.18 | 109,831,325.31 | ||||
ShanxiSilkRoadCloudIntelligentTechCo.,Ltd. | 13,333,698.78 | -8,144,973.65 | -1,136.65 | |||
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | ||||||
ShenzhenZhongkangBeidouTechnologyCo.,Ltd.(formerlynamed:Shenzhen |
Investee | Openingbalance | Changesinthecurrentyear | ||||
Increaseintheinvestment | Decreaseintheinvestment | Costmethodtoequitymethod | Profitorlossofinvestmentrecognisedbytheequitymethod | Changesinothercomprehensiveincome | ||
ZhongbingKonkaTechnologyCo.,Ltd.) | ||||||
ShenzhenYaodeTechnologyCo.,Ltd. | ||||||
WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 352,295,640.91 | 35,840,487.27 | ||||
ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 49,658,397.02 | -10,322,848.45 | ||||
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 275,858,698.37 | -36,821,079.39 | ||||
NantongKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | 107,310,029.86 | |||||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 183,310,823.25 | -2,558,013.46 | ||||
DongguanGuankangYuhongInvestmentCo.,Ltd. | 521,341,722.37 | -19,932,783.45 | ||||
ShenzhenMorsemiSemiconductorTechnologyCo.,Ltd. | ||||||
ShandongEconTechnologyCo.,Ltd. | 1,246,099,855.22 | -29,643,085.83 | ||||
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd.. | 6,951,651.72 | -93,956.95 |
Investee | Openingbalance | Changesinthecurrentyear | ||||
Increaseintheinvestment | Decreaseintheinvestment | Costmethodtoequitymethod | Profitorlossofinvestmentrecognisedbytheequitymethod | Changesinothercomprehensiveincome | ||
ChongqingE2infoTechnologyCo.,Ltd. | 1,023,251,062.59 | 31,709,517.46 | ||||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 72,320,476.84 | -6,436,090.68 | ||||
E3info(Hainan)TechnologyCo.,Ltd. | 30,708,255.04 | 7,423.93 | ||||
ShenzhenKangjiaJiapinIntelligentElectricalApparatusTechnologyCo.,Ltd. | 5,371,364.87 | 1,719,225.60 | ||||
ShenzhenKONKAE-displayCo.,Ltd. | 82,221,081.72 | 2,827,700.92 | 8,655.99 | |||
ChongqingYuanlvBenpaoRealEstateCo.,Ltd. | 33,721,573.96 | -5,631,658.14 | ||||
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 3,411,153.10 | -1,641,132.09 | ||||
YantaiKangtangConstructionDevelopmentCo.,Ltd. | 232,597.64 | 629,796.43 | ||||
DongguanKonkaSmartElectronicTechnologyCo.,Ltd. | 23,998,624.46 | 125,519.24 | ||||
GuangdongFanzhouInformationTechnologyCo.,Ltd.(formerly:SichuanHuayiJiakangTechnologyCo.,Ltd.) | 121,403.90 | 121,403.90 | ||||
ShenzhenAimijiakangTechnologyCo., | 1,585,761.09 | -411,890.52 |
Investee | Openingbalance | Changesinthecurrentyear | ||||
Increaseintheinvestment | Decreaseintheinvestment | Costmethodtoequitymethod | Profitorlossofinvestmentrecognisedbytheequitymethod | Changesinothercomprehensiveincome | ||
Ltd.(formerly:SichuanAimijiakangTechnologyCo.,Ltd.) | ||||||
BeijingKonkaJingyuanTechnologyCo.,Ltd. | 733,832.84 | -30,129.42 | ||||
ChongqingLiangshanEnterpriseManagementCo.,Ltd. | 121,802.33 | 56,566.20 | ||||
ShenzhenKangxiTechnologyInnovationDevelopmentCo.,Ltd. | 967,323.92 | 58,982.15 | ||||
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | 1,373,981.26 | -1,128,069.63 | ||||
HenanKangfeiIntelligentElectricApplianceCo.,Ltd. | 1,182,963.46 | 756,730.88 | ||||
GuangdongKangyuanSemiconductorCo.,Ltd. | 12,777,082.28 | -2,941,875.24 | ||||
ChongqingKangyiqingTechnologyCo.,Ltd. | 1,010,683.91 | -376,964.82 | ||||
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd. | 13,254,520.44 | -10,884,240.61 | 116,614.86 | |||
KKSmartechLimited | 1,641,595.45 | -29,444.89 | ||||
ChongqingKangjianPhotoelectric | 11,493,032.21 | -3,163,900.43 |
Investee | Openingbalance | Changesinthecurrentyear | ||||
Increaseintheinvestment | Decreaseintheinvestment | Costmethodtoequitymethod | Profitorlossofinvestmentrecognisedbytheequitymethod | Changesinothercomprehensiveincome | ||
TechnologyCo.,Ltd. | ||||||
AnhuiKangtaSupplyChainManagementCo.,Ltd. | 18,060,000.00 | -803,400.15 | ||||
WuhanKangtangInformationTechnologyCo.,Ltd. | 26,654,950.30 | -897,727.70 | ||||
SichuanChengruiRealEstateCo.,Ltd. | 41,423,514.93 | -9,714,522.86 | ||||
KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. | 43,290,693.00 | -1,156,461.11 | ||||
HefeiKONSEMIStorageTechnologyCo.,Ltd. | 180,146,610.27 | -35,576,608.88 | -7,740.71 | |||
Xi'anKang'anIntelligentStorageTechnologyCo.,Ltd. | 6,000,000.00 | |||||
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | 54,880,000.00 | -945,404.40 | ||||
Total | 6,351,232,955.58 | 6,000,000.00 | 276,806,773.10 | 54,880,000.00 | -167,423,944.75 | -86,041.63 |
(Continued)
Investee | Changesinthecurrentyear | Closingbalance | Closingbalanceoftheprovisionfor |
Changesinotherequities | Cashdividendsorprofitsdeclaredtobedistributed | Provisionsetasideforimpairment | Others | |||
KonkaVenturesDevelopment(Shenzhen)Co.,Ltd.(formerlyknownas"KonkaVenturesDevelopment(Shenzhen)Co.,Ltd.") | 5,004,579.62 | |||||
NanjingZhihuiguangInformationTechnologyResearchInstituteCo.,Ltd. | 2,019,287.36 | |||||
FeidiTechnology(Shenzhen)Co.,Ltd. | 10,706,907.72 | |||||
ShenzhenKangyueEnterpriseCo.,Ltd. | 24,977,328.88 | 24,977,328.88 | ||||
FoshanZhujiangMediaCreativeParkCulturalDevelopmentCo.,Ltd. | ||||||
KangkaiTechnologyService(Chengdu)Co.,Ltd. | 114,193.79 | |||||
PuchuangJiakangTechnologyCo,Ltd. | 1,000,000.00 | 2,716,274.71 | ||||
ChongqingQingjiaElectronicsCo.,Ltd. | ||||||
ShenzhenJielunteTechnologyCo.,Ltd. | 941,486.48 | 94,917,575.00 | ||||
PanxuIntelligenceCo.,Ltd. | 48,686,477.11 | |||||
OrientExcellent(Zhuhai)AssetManagementCo.,Ltd. | 400,000.00 | 8,198,574.99 |
Investee | Changesinthecurrentyear | Closingbalance | Closingbalanceoftheprovisionforimpairment | |||
Changesinotherequities | Cashdividendsorprofitsdeclaredtobedistributed | Provisionsetasideforimpairment | Others | |||
DongfangJiakangNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)(formerly:DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)) | 338,089,300.42 | |||||
TongxiangWuzhenKunyuVentureCapitalInvestmentCo.,Ltd.(formerly:TongxiangWuzhenKunyuEquityInvestmentCo.,Ltd.) | 3,524,037.08 | |||||
ShenzhenRF-LlinkTechnologyCo.,Ltd. | 85,656,027.35 | |||||
AnhuiKaikaiShijieE-commerceCo.,Ltd. | 418,814,414.98 | |||||
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 53,900,000.00 | 207,333,483.86 | ||||
ChutianDragonCo.,Ltd. | -413,895,137.87 | |||||
ShanxiSilkRoadCloudIntelligentTechCo.,Ltd. | 5,187,588.48 | |||||
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | 12,660,222.73 | |||||
ShenzhenZhongkangBeidouTechnologyCo.,Ltd.(formerlynamed:ShenzhenZhongbingKonkaTechnology |
Investee | Changesinthecurrentyear | Closingbalance | Closingbalanceoftheprovisionforimpairment | |||
Changesinotherequities | Cashdividendsorprofitsdeclaredtobedistributed | Provisionsetasideforimpairment | Others | |||
Co.,Ltd.) | ||||||
ShenzhenYaodeTechnologyCo.,Ltd. | 214,559,469.35 | |||||
WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 127,671,222.93 | 3,078,000.00 | 512,729,351.11 | |||
ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 39,335,548.57 | |||||
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 239,037,618.98 | |||||
NantongKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | 107,310,029.86 | |||||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 180,752,809.79 | |||||
DongguanGuankangYuhongInvestmentCo.,Ltd. | 501,408,938.92 | |||||
ShenzhenMorsemiSemiconductorTechnologyCo.,Ltd. | ||||||
ShandongEconTechnologyCo.,Ltd. | -4,074,486.01 | 81,806,510.02 | 1,130,575,773.36 | 81,806,510.02 |
Investee | Changesinthecurrentyear | Closingbalance | Closingbalanceoftheprovisionforimpairment | |||
Changesinotherequities | Cashdividendsorprofitsdeclaredtobedistributed | Provisionsetasideforimpairment | Others | |||
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd.. | 6,857,694.77 | |||||
ChongqingE2infoTechnologyCo.,Ltd. | -5,977,391.99 | 1,048,983,188.06 | ||||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 65,884,386.16 | |||||
E3info(Hainan)TechnologyCo.,Ltd. | 30,715,678.97 | |||||
ShenzhenKangjiaJiapinIntelligentElectricalApparatusTechnologyCo.,Ltd. | 7,090,590.47 | |||||
ShenzhenKONKAE-displayCo.,Ltd. | 85,057,438.63 | |||||
ChongqingYuanlvBenpaoRealEstateCo.,Ltd. | 28,089,915.82 | |||||
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 1,770,021.01 | |||||
YantaiKangtangConstructionDevelopmentCo.,Ltd. | 862,394.07 | |||||
DongguanKonkaSmartElectronicTechnologyCo.,Ltd. | 24,124,143.70 |
Investee | Changesinthecurrentyear | Closingbalance | Closingbalanceoftheprovisionforimpairment | |||
Changesinotherequities | Cashdividendsorprofitsdeclaredtobedistributed | Provisionsetasideforimpairment | Others | |||
GuangdongFanzhouInformationTechnologyCo.,Ltd.(formerly:SichuanHuayiJiakangTechnologyCo.,Ltd.) | ||||||
ShenzhenAimijiakangTechnologyCo.,Ltd.(formerly:SichuanAimijiakangTechnologyCo.,Ltd.) | 1,173,870.57 | |||||
BeijingKonkaJingyuanTechnologyCo.,Ltd. | 703,703.42 | |||||
ChongqingLiangshanEnterpriseManagementCo.,Ltd. | 178,368.53 | |||||
ShenzhenKangxiTechnologyInnovationDevelopmentCo.,Ltd. | 1,026,306.07 | |||||
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | 245,911.63 | |||||
HenanKangfeiIntelligentElectricApplianceCo.,Ltd. | 1,939,694.34 | |||||
GuangdongKangyuanSemiconductorCo.,Ltd. | 122,000.00 | 9,957,207.04 | ||||
ChongqingKangyiqingTechnologyCo.,Ltd. | 633,719.09 |
Investee | Changesinthecurrentyear | Closingbalance | Closingbalanceoftheprovisionforimpairment | |||
Changesinotherequities | Cashdividendsorprofitsdeclaredtobedistributed | Provisionsetasideforimpairment | Others | |||
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd. | 16,852,760.53 | 19,339,655.22 | ||||
KKSmartechLimited | 1,612,150.56 | |||||
ChongqingKangjianPhotoelectricTechnologyCo.,Ltd. | 8,329,131.78 | |||||
AnhuiKangtaSupplyChainManagementCo.,Ltd. | 17,256,599.85 | |||||
WuhanKangtangInformationTechnologyCo.,Ltd. | 25,757,222.60 | |||||
SichuanChengruiRealEstateCo.,Ltd. | 31,708,992.07 | |||||
KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. | 42,134,231.89 | |||||
HefeiKONSEMIStorageTechnologyCo.,Ltd. | 44,092,024.98 | 188,654,285.66 | ||||
Xi'anKang'anIntelligentStorageTechnologyCo.,Ltd. | 6,000,000.00 | |||||
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | 53,934,595.60 |
Investee | Changesinthecurrentyear | Closingbalance | Closingbalanceoftheprovisionforimpairment | |||
Changesinotherequities | Cashdividendsorprofitsdeclaredtobedistributed | Provisionsetasideforimpairment | Others | |||
Total | 178,686,130.44 | 59,319,486.48 | 106,783,838.90 | -413,895,137.87 | 5,566,483,863.29 | 419,659,558.33 |
Note1:Theaboveinvesteesareallassociates.Note2:"Other"representstheconversionoflong-termequityinvestmentsaccountedforundertheequitymethodtofinancialassets.
14.Otherequityinstrumentinvestments
14.1Otherequityinstrumentinvestments
Item | Closingbalance | Openingbalance |
ShenzhenTianyilianScience&TechnologyCo.,Ltd. | ||
ShenzhenAdoptNetworkCo.,Ltd. | ||
BeijingHuyuDigitalTechnologyCo.,Ltd.(formerly:BeijingAoweiMutualEntertainmentTechnologyCo.,Ltd.) | 5,901,121.80 | 5,901,121.80 |
FeihongElectronicsCo.,Ltd. | ||
ZAEFI | ||
ShenzhenChuangceInvestmentDevelopmentCo.,Ltd. | ||
ShanlianInformationTechnologyEngineeringCentre | 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 |
ShanghaiNationalEngineeringResearchCentreofDigitalTVCo.,Ltd. | 2,400,000.00 | 2,400,000.00 |
BOHUAUHD | 5,000,001.00 | 5,000,001.00 |
Total | 23,841,337.16 | 23,841,337.16 |
14.2Investmentsinnon-tradingequityinstrumentsinthecurrentyear
Item | Dividendincomerecognisedinthecurrentyear | Accumulativegains | Accumulativelosses | Amountofothercomprehensiveincometransferredtoretainedearnings | Reasonforassigningtomeasureinfairvalueofwhichchangesincludedothercomprehensiveincome | Reasonforothercomprehensiveincometransferredtoretainedearnings |
ShenzhenTianyilianScience&TechnologyCo.,Ltd. | 4,800,000.00 | Long-termholdingbasedonstrategicpurpose | ||||
ShenzhenAdoptNetworkCo.,Ltd. | Long-termholdingbasedonstrategicpurpose | |||||
BeijingHuyuDigitalTechnologyCo.,Ltd.(formerly:BeijingAoweiMutualEntertainmentTechnologyCo.,Ltd.) | 98,878.20 | Long-termholdingbasedonstrategicpurpose | ||||
FeihongElectronicsCo.,Ltd. | 1,300,000.00 | Long-termholdingbasedonstrategicpurpose | ||||
ZAEFI | 100,000.00 | Long-termholdingbasedonstrategicpurpose | ||||
ShenzhenChuangceInvestmentDevelopmentCo.,Ltd. | 485,000.00 | Long-termholdingbasedonstrategicpurpose | ||||
ShanlianInformationTechnologyEngineeringCentre | 3,139,190.80 | Long-termholdingbasedonstrategicpurpose | ||||
ShenzhenCIUScience&TechnologyCo.,Ltd. | 200,000.00 | Long-termholdingbasedonstrategicpurpose | ||||
ShenzhenDigitalTVNationalEngineeringLaboratoryCo.,Ltd. | 1,273,594.84 | Long-termholdingbasedonstrategicpurpose |
Item | Dividendincomerecognisedinthecurrentyear | Accumulativegains | Accumulativelosses | Amountofothercomprehensiveincometransferredtoretainedearnings | Reasonforassigningtomeasureinfairvalueofwhichchangesincludedothercomprehensiveincome | Reasonforothercomprehensiveincometransferredtoretainedearnings |
ShanghaiNationalEngineeringResearchCentreofDigitalTVCo.,Ltd. | Long-termholdingbasedonstrategicpurpose | |||||
BOHUAUHD | Long-termholdingbasedonstrategicpurpose | |||||
Total | 11,396,663.84 |
15.Othernon-currentfinancialassets
Item | Closingbalance | Openingbalance |
ChinaAssetManagement-JiayiOverseasDesignatedPlan | 200,732,067.00 | 200,732,067.00 |
TianjinHuachengPropertyDevelopmentCo.,Ltd. | 1,000,000.00 | 1,000,000.00 |
TianjinPropertyNo.8EnterpriseManagementPartnership(LimitedPartnership) | 28,540,777.26 | 28,540,777.26 |
CCBTrust-CaiDieNo.6PropertyRightsTrustScheme | 66,080,293.70 | 66,080,293.70 |
DayeTrustCo.,Ltd. | 100,000,000.00 | 100,000,000.00 |
YibinOCTSanjiangPropertiesCo.,Ltd. | 199,774,696.09 | 171,141,605.35 |
YiliEcologicalRestorationCo.,Ltd. | 41,812,139.03 | |
KunshanXinjiaEmergingIndustryEquityInvestmentFundPartnership(LimitedPartnership) | 231,190,200.00 | 233,834,173.06 |
TongxiangWuzhenJiayuDigitalEconomyIndustryEquityInvestmentPartnership(LimitedPartnership) | 201,451,000.00 | 195,312,419.69 |
YibinKanghuiElectronicInformationIndustryEquityInvestmentPartnership(LimitedPartnership) | 60,292,000.00 | 67,706,235.45 |
ChuzhouJiachenInformationTechnologyConsultingServicePartnership(LimitedPartnership) | 59,700,013.59 | 59,700,013.59 |
YanchengKangyanInformationIndustryInvestmentPartnership(LimitedPartnership) | 162,937,428.56 | 167,230,693.52 |
ChongqingKangxinEquityInvestmentFundLimitedPartnership(LimitedPartnership) | 155,691,200.00 | 146,160,043.51 |
ShenzhenKanghuijiaTechnologyCo.,Ltd. | 7,684.53 | 10,137.30 |
Subtotalofequityinvestments | 1,467,397,360.73 | 1,479,260,598.46 |
ChuzhouHuikeSmartHouseholdAppliancesIndustryInvestmentPartnership(LimitedPartnership) | 626,244,139.25 | |
NingboYuanqingNo.9InvestmentPartnership | 148,855,198.11 | 148,855,198.11 |
ShenzhenBeihuTechnologyPartnership(LimitedPartnership) | 59,735,232.88 | 58,000,000.00 |
ShanxiKangmengrongEnterpriseManagementConsultingPartnership(LimitedPartnership) | 9,163,411.30 | 9,163,411.30 |
NanjingKangfengDejiaAssetManagementPartnership(LimitedPartnership) | 100,000,000.00 | 100,000,000.00 |
ShenzhenGaohongEnterpriseConsultingManagementPartnership(LimitedPartnership) | 109,739,999.99 | 100,000,000.00 |
Item | Closingbalance | Openingbalance |
ShenzhenZitangNo.1EnterpriseConsultingManagementPartnership(LimitedPartnership) | 99,000,000.00 | 100,386,000.00 |
Xi'anBihuijiaEnterpriseManagementConsultingPartnership(LimitedPartnership) | 15,785,194.99 | 17,752,926.20 |
Subtotalofdebtinvestments | 542,279,037.27 | 1,160,401,674.86 |
Total | 2,009,676,398.00 | 2,639,662,273.32 |
16.Investmentproperty
(1)Investmentpropertiesmeasuredatcost
Item | Landuseright | Propertiesandbuildings | Total |
I.Originalcarryingvalue | |||
1.Openingbalance | 46,121,506.92 | 873,265,339.70 | 919,386,846.62 |
2.Increaseinthecurrentyear | 45,716,182.38 | 694,497,260.36 | 740,213,442.74 |
(1)Externalpurchase | |||
(2)Fixedassets\constructioninprogress\transferofintangibleassets | 45,716,182.38 | 694,497,260.36 | 740,213,442.74 |
3.Decreaseinthecurrentyear | 9,651,872.39 | 9,651,872.39 | |
(1)Disposal | 9,651,872.39 | 9,651,872.39 | |
(2)Othertransferout | |||
4.Closingbalance | 91,837,689.30 | 1,558,110,727.67 | 1,649,948,416.97 |
II.Theaccumulativedepreciationandaccumulativeamortisation | |||
1.Openingbalance | 8,602,890.38 | 108,376,111.64 | 116,979,002.02 |
2.Increaseinthecurrentyear | 12,938,742.42 | 51,685,511.31 | 64,624,253.73 |
(1)Provisionoramortisation | 12,938,742.42 | 51,685,511.31 | 64,624,253.73 |
3.Decreaseinthecurrentyear | 1,881,562.65 | 1,881,562.65 | |
(1)Disposal | 1,881,562.65 | 1,881,562.65 | |
(2)Othertransferout |
Item | Landuseright | Propertiesandbuildings | Total |
4.Closingbalance | 21,541,632.80 | 158,180,060.30 | 179,721,693.10 |
III.Provisionforimpairment | |||
1.Openingbalance | |||
2.Increaseinthecurrentyear | |||
(1)Provision | |||
3.Decreaseinthecurrentyear | |||
(1)Disposal | |||
(2)Othertransferout | |||
4.Closingbalance | |||
IV.Carryingvalue | |||
1.Closingcarryingvalue | 70,296,056.50 | 1,399,930,667.37 | 1,470,226,723.87 |
2.Openingcarryingvalue | 37,518,616.54 | 764,889,228.06 | 802,407,844.60 |
(2)ImpairmenttestofinvestmentpropertiesmeasuredatcostNoprovisionforimpairmentofinvestmentpropertieswasmadeduringtheReportingPeriod.
(3)InvestmentpropertiesmeasuredatfairvalueTherewerenoinvestmentpropertiesmeasuredatfairvalueoftheGroup.
(4)Investmentpropertiesintheprocessoftitlecertificatehandling
Item | Carryingvalue | Reasonthatthecertificateoftitlewasnotcompleted |
KonkaStandardElectronicProductPlantsProjectinSunning | 379,447,349.50 | Intheprocessofprojectclosure,projectclosurewillnotbeprocesseduntiltheprojectiscompleted. |
Total | 379,447,349.50 |
(5)Investmentpropertieswithrestrictedownershiporuserights
Item | Closingcarryingvalue | Reasonsfortherestriction |
KonkaGuangmingTechnologyCentre | 585,984,804.04 | Mortgageloan |
Total | 585,984,804.04 |
17.Fixedassets
Item | Closingcarryingvalue | Openingcarryingvalue |
Fixedassets | 5,218,297,745.16 | 4,114,029,693.38 |
Liquidationoffixedassets | ||
Total | 5,218,297,745.16 | 4,114,029,693.38 |
17.1FixedAssets
(1)Fixedassets
Item | Propertiesandbuildings | Machineryandequipment | Electronicequipment | Transportequipment | Otherequipment | Total |
I.Originalcarryingvalue | ||||||
1.Openingbalance | 2,860,293,710.15 | 3,103,345,131.12 | 302,309,738.49 | 59,879,173.09 | 186,025,451.11 | 6,511,853,203.96 |
2.Increasedamountoftheperiod | 1,299,077,259.43 | 279,351,764.21 | 30,227,593.48 | 1,761,050.75 | 8,352,110.55 | 1,618,769,778.42 |
(1)Purchase | 325,596,840.93 | 139,864,293.96 | 20,346,382.12 | 1,760,819.64 | 7,190,109.12 | 494,758,445.77 |
(2)Transfer-inofconstructioninprogress | 967,772,669.04 | 139,487,470.25 | 9,816,998.15 | 944,067.26 | 1,118,021,204.70 | |
(3)Increasethroughconsolidation | ||||||
(4)Othertransfer-in | 5,707,749.46 | 64,213.21 | 231.11 | 217,934.17 | 5,990,127.95 | |
3.Decreasedamountoftheperiod | 95,152,152.59 | 61,816,110.53 | 30,348,819.09 | 5,704,442.53 | 5,133,921.78 | 198,155,446.52 |
(1)Disposalorwrite-off | 19,526,320.70 | 60,265,701.84 | 30,004,311.36 | 5,704,442.53 | 5,062,497.96 | 120,563,274.39 |
(2)Decreaseforlossofcontrollingright | 246,216.18 | 28,066.87 | 274,283.05 | |||
(3)Otherdecreases | 75,625,831.89 | 1,550,408.69 | 98,291.55 | 43,356.95 | 77,317,889.08 | |
4.Endingbalance | 4,064,218,816.99 | 3,320,880,784.80 | 302,188,512.88 | 55,935,781.31 | 189,243,639.88 | 7,932,467,535.86 |
Item | Propertiesandbuildings | Machineryandequipment | Electronicequipment | Transportequipment | Otherequipment | Total |
II.Accumulateddepreciation | ||||||
1.Openingbalance | 673,384,702.71 | 1,258,513,887.86 | 201,688,344.85 | 42,829,692.30 | 114,585,141.99 | 2,291,001,769.71 |
2.Increasedamountoftheperiod | 88,238,734.15 | 253,047,208.96 | 25,797,795.95 | 4,288,186.59 | 14,983,833.20 | 386,355,758.85 |
(1)Provision | 88,140,964.08 | 253,047,208.96 | 25,774,051.55 | 4,286,640.96 | 14,975,209.95 | 386,224,075.50 |
(2)Increasethroughconsolidation | ||||||
(3)Otherincrease | 97,770.07 | 23,744.40 | 1,545.63 | 8,623.25 | 131,683.35 | |
3.Decreasedamountoftheperiod | 20,779,007.06 | 45,806,853.16 | 27,335,857.31 | 5,023,692.07 | 4,435,014.79 | 103,380,424.39 |
(1)Disposalorwrite-off | 8,277,772.35 | 44,360,911.18 | 27,123,276.68 | 5,023,692.07 | 4,421,359.72 | 89,207,012.00 |
(2)Decreaseforlossofcontrollingright | 142,275.35 | 10,096.45 | 152,371.80 | |||
(3)Otherdecreases | 12,501,234.71 | 1,445,941.98 | 70,305.28 | 3,558.62 | 14,021,040.59 | |
4.Endingbalance | 740,844,429.80 | 1,465,754,243.66 | 200,150,283.49 | 42,094,186.82 | 125,133,960.40 | 2,573,977,104.17 |
III.Provisionforimpairment | ||||||
1.Openingbalance | 23,987,527.51 | 75,533,448.92 | 1,351,990.45 | 827,482.72 | 5,121,291.27 | 106,821,740.87 |
2.Increasedamountofthe | 38,394,135.80 | 1,953,399.08 | 20,675.15 | 239,490.37 | 40,607,700.40 |
Item | Propertiesandbuildings | Machineryandequipment | Electronicequipment | Transportequipment | Otherequipment | Total |
period | ||||||
(1)Provision | 38,394,135.80 | 1,953,399.08 | 20,675.15 | 239,490.37 | 40,607,700.40 | |
3.Decreasedamountoftheperiod | 6,667,685.91 | 515,589.11 | 6,712.58 | 46,767.14 | 7,236,754.74 | |
(1)Disposalorwrite-off | 6,667,685.91 | 515,589.11 | 6,712.58 | 46,767.14 | 7,236,754.74 | |
(2)Otherdecrease | ||||||
4.Endingbalance | 23,987,527.51 | 107,259,898.81 | 2,789,800.42 | 841,445.29 | 5,314,014.50 | 140,192,686.53 |
IV.Carryingvalue | ||||||
1.Endingcarryingvalue | 3,299,386,859.68 | 1,747,866,642.33 | 99,248,428.97 | 13,000,149.20 | 58,795,664.98 | 5,218,297,745.16 |
2.Openingcarryingvalue | 2,162,921,479.93 | 1,769,297,794.34 | 99,269,403.19 | 16,221,998.07 | 66,319,017.85 | 4,114,029,693.38 |
(2)Listoftemporarilyidlefixedassets
Item | Originalcarryingvalue | Accumulateddepreciation | Provisionforimpairment | Carryingvalue |
Machineryandequipment | 817,733,189.57 | 405,918,829.25 | 87,442,687.20 | 324,371,673.12 |
Electronicequipment | 8,275,226.50 | 6,047,459.25 | 111,084.51 | 2,116,682.74 |
Transportequipment | 3,887,229.49 | 3,603,831.64 | 20,675.15 | 262,722.70 |
Propertiesandbuildings | 264,495,526.66 | 140,592,457.98 | 7,899,900.07 | 116,003,168.61 |
Otherequipment | 1,530,288.55 | 860,946.31 | 286,304.40 | 383,037.84 |
Total | 1,095,921,460.77 | 557,023,524.43 | 95,760,651.33 | 443,137,285.01 |
(3)Fixedassetsleasedoutthroughoperatingleases
Item | Closingcarryingvalue |
Electronicequipment | 260,911.84 |
Machineryandequipment | 23,973,121.72 |
Otherequipment | 384,458.99 |
Transportequipment | 13,785.92 |
Total | 24,632,278.47 |
(4)Detailsoffixedassetsfailedtoaccomplishcertificationofproperty
Item | Originalcarryingvalue | Accumulateddepreciation | Provisionforimpairment | Netbookvalue | Reasonthatthecertificateoftitlewasnotcompleted |
Ankang'splants | 603,604,487.36 | 33,087,555.67 | 570,516,931.69 | Beinghandled | |
HousingandbuildingsofChongqingKonka | 453,857,134.27 | 9,842,056.02 | 444,015,078.25 | Beinghandled | |
FenggangKonkaIntelligentColourTVProject(PartI)property | 425,011,644.82 | 3,984,484.17 | 421,027,160.65 | Beinghandled | |
FrestecSmartHomepropertiesand | 404,782,206.92 | 867,390.46 | 403,914,816.46 | Beinghandled |
Item | Originalcarryingvalue | Accumulateddepreciation | Provisionforimpairment | Netbookvalue | Reasonthatthecertificateoftitlewasnotcompleted |
buildings | |||||
YikangBuildingproperty | 76,610,752.33 | 42,076,014.80 | 34,534,737.53 | Beinghandled | |
BoluoPrintingPlatePhaseIIIPlant | 51,746,373.49 | 831,638.15 | 50,914,735.34 | Beinghandled | |
JingyuanBuildingproperty | 7,700,000.00 | 4,244,612.05 | 3,455,387.95 | Beinghandled | |
StandardelectronicproductplantsinSunning | 1,544,085.19 | 72,504.88 | 1,471,580.31 | Beinghandled | |
Total | 2,024,856,684.38 | 95,006,256.20 | 1,929,850,428.18 |
(5)ImpairmenttestoffixedassetsDuringtheReportingPeriod,theCompanyconductedimpairmenttestsonthefixedassetsofAnhuiKonkaElectronicCo.,Ltd.,SuiningKonkaSmartTechnologyCo.,Ltd.,GuangDongXingDaHongYeElectronicCo.,Ltd.,HenanFrestecRefrigerationApplianceCo.,Ltd.andJiangxiKonkaNewMaterialTechnologyCo.,Ltd.,determinedtheirrecoverableamountsbasedonthenetfairvaluelessdisposalcosts,andrecognisedanimpairmentlossonassetsofRMB40,607,700.4.
Item | Carryingvalue | Recoverableamount | Impairmentamount | Determinationoffairvalueanddisposalcosts | Keyparameters | Basisfordeterminingkeyparameters |
AnhuiKonkaelectronicequipment | 1,952,063.48 | 53,097.35 | 1,898,966.13 | 1.Instrumentsandmachineryequipment:fairvalue=recoveryunitprice×equipmentweight;Disposalcosts=brokerageservices2.Electronicequipment:fairvalue=recoveryunitprice×quantityofequipment;Disposalcosts=brokerageservices | Recoveryunitprice,equipmentweight,quantityofequipment,brokerageservices | 1.Therecoveryunitpriceisdeterminedbythenetpriceofdisposalofwastematerials(dismantlingandtransportationcostsareallbornebytherecoveryunit);2.Theequipmentweightisweighedon-site;3.Thequantityoftheequipmentisdeterminedbyanon-siteinventory;4.Intermediaryservicefeesmainlyincludeappraisalfeesandintermediaryfeesfortradingplatforms. |
AutomaticproductionlineofSuiningKonkaSmart | 9,851,152.18 | 6,896,106.95 | 2,955,045.23 | Fairvalue=recoveryunitprice×quantityofequipment;Disposalcosts=intermediaryservicefees | Recoveryunitprice,quantityofequipment,intermediaryservicefees | 1.Therecoveryunitpriceisdeterminedbythenetpriceofdisposalofwastematerials(dismantlingandtransportationcostsareallbornbytherecoveryunit);2.Thequantityoftheequipmentisdeterminedbyanon-siteinventory;3.Intermediaryservicefeesincludemainlyappraisalfeesandintermediaryfeesfortradingplatforms. |
MachineryequipmentofXingDaHongYe | 1,973,454.42 | 392,931.04 | 1,580,523.38 | Fairvalue=recoveryunitprice×quantityofequipment;Disposalcosts=brokerageservices | Recoveryunitprice,quantityofequipment,brokerageservices | 1.Therecoveryunitpriceisdeterminedbythenetpriceofdisposalofwastematerials(dismantlingandtransportationcostsareallbornbytherecoveryunit);2.Thequantityoftheequipmentisdeterminedbyanon-siteinventory;3.Intermediaryservicefeesincludemainlyappraisalfeesandintermediaryfeesfortradingplatforms. |
Item | Carryingvalue | Recoverableamount | Impairmentamount | Determinationoffairvalueanddisposalcosts | Keyparameters | Basisfordeterminingkeyparameters |
MachineryequipmentofFrestecRefrigeration | 7,949,779.02 | 2,857,105.30 | 5,092,673.72 | Fairvalue=replacementcostsxcomprehensivenewnessratex(1-Economicdepreciationrate);Disposalcosts=dismantlingfeesandtransportationandmiscellaneousfees+intermediaryservicefees | Replacementcosts,comprehensivenewnessrate,Economicdepreciationrate,dismantlingfees,transportationandmiscellaneousfees,intermediaryservicefees | 1.Replacementcosts:Thecostsaredeterminedmainlybydirectlyrequestingquotationsfromdealersormanufacturers,orbyreferringtopricelistsonwebsiteplatforms;2.Comprehensivenewnessrate:Ittakeintoaccountvariousfactorssuchasthecurrenttechnicalstatusoftheequipment,tangibleandintangiblelosses;3.Economicdepreciationrate=(1-(equipmentisexpectedtobeutilizedproductioncapacity/equipmentoriginaldesignproductioncapacity)^economiesofscaleindex)×100%.Economyofscaleindexthatisempiricaldata,takethevalueoftheprocessingindustryisgenerally0.7;4.Dismantlingfeesandtransportationandmiscellaneousfees:TheyaredeterminedbyreferringtotheHandbookofCommonlyUsedMethodsandParametersforAssetAppraisalandempiricaldata;5.Intermediaryservicefees:Thefeesmainlycomprisesappraisalfees,andtheintermediaryfeesfortradingplatforms. |
ProductionlineofJiangxiKonka | 449,815,738.10 | 420,735,246.16 | 29,080,491.94 | Fairvalue=replacementcostsxcomprehensivenewnessratex(1-Economicdepreciationrate);Disposalcosts=dismantlingfeesandtransportationandmiscellaneousfees+intermediaryservicefees | Replacementcosts,comprehensivenewnessrate,Economicdepreciationrate,dismantlingfees,transportationand | 1.Replacementcosts:Thecostsaredeterminedmainlybydirectlyrequestingquotationsfromdealersormanufacturers,orbyreferringtopricelistsonwebsiteplatforms;2.Comprehensivenewnessrate:Ittakeintoaccountvariousfactorssuchasthecurrenttechnicalstatusoftheequipment,tangibleandintangiblelosses;3.Economicdepreciationrate=(1-(equipmentisexpectedtobeutilizedproductioncapacity/equipmentoriginaldesignproduction |
Item | Carryingvalue | Recoverableamount | Impairmentamount | Determinationoffairvalueanddisposalcosts | Keyparameters | Basisfordeterminingkeyparameters |
miscellaneousfees,intermediaryservicefees | capacity)^economiesofscaleindex)×100%.Economyofscaleindexthatisempiricaldata,takethevalueoftheprocessingindustryisgenerally0.7;4.Dismantlingfeesandtransportationandmiscellaneousfees:TheyaredeterminedbyreferringtotheHandbookofCommonlyUsedMethodsandParametersforAssetAppraisalandempiricaldata;5.Intermediaryservicefees:Thefeesmainlycomprisesappraisalfees,andtheintermediaryfeesfortradingplatforms. | |||||
Total | 471,542,187.20 | 430,934,486.80 | 40,607,700.40 | - | - | - |
(6)FixedAssetswithRestrictedOwnershiporUseRight
Item | Closingcarryingvalue | Reasonsfortherestriction |
AnhuiKonka'sbuildings | 601,293,059.60 | Mortgageloan |
HousingandbuildingsofChongqingKonka | 337,145,406.93 | Mortgageloan |
PropertiesandbuildingsofShanxiKonkaIntelligent | 321,704,287.16 | Mortgageloan |
HousingandbuildingsofAnhuiTongchuang | 140,196,525.72 | Mortgageloan |
HousingandbuildingsofFrestecRefrigeration | 81,616,033.52 | Ascollateralforfinancelease |
MachineryequipmentofXingDaHongYe | 67,632,465.17 | Ascollateralforfinancelease |
BuildingsofKonkaGroup | 63,063,516.77 | Mortgageloan |
HousingandbuildingsofJiangsuKonkaIntelligent | 35,470,487.60 | Mortgageloan |
HousingandbuildingsofXingDaHongYe | 30,836,709.44 | Mortgageloan |
MachineryequipmentofXinfengMicrocrystalline | 8,137,181.77 | Ascollateralforfinancelease |
HousingandbuildingsofJiangxiKonka | 2,506,636.50 | Originalshareholderguaranteemortgage |
Total | 1,689,602,310.18 |
18.Constructioninprogress
(1)Constructioninprogress
Item | Closingbalance | Openingbalance | ||||
Bookbalance | Provisionforimpairment | Carryingvalue | Bookbalance | Provisionforimpairment | Carryingvalue | |
ChongqingKonkaSemiconductorOptoelectronicsParkProject | 349,269.02 | 349,269.02 | 197,885,487.81 | 197,885,487.81 | ||
GuangmingProject | 466,051,847.89 | 466,051,847.89 | ||||
JiangxiHigh-permeabilityCrystalisationKiln | 246,576,748.57 | 46,755,148.57 | 199,821,600.00 | 246,576,748.57 | 20,068,730.37 | 226,508,018.20 |
DongguanKonkaNewIndustrialPark | 398,018,288.30 | 398,018,288.30 | ||||
ConstructionofSuiningElectronicIndustrialParkWorkshops | 177,516,258.23 | 177,516,258.23 | 221,981,375.38 | 221,981,375.38 | ||
FrestecSmartHomeAppliancesPark | 994,166.33 | 994,166.33 | 113,146,458.03 | 113,146,458.03 | ||
SuiningKonkaHongyePlantDecorationProject | 76,141,438.86 | 76,141,438.86 | 1,955,898.52 | 1,955,898.52 | ||
DishwasherProjectofJiangxiKonka | 55,685,802.09 | 55,685,802.09 | 1,166,575.23 | 1,166,575.23 | ||
ProductionLineRenovationProjectofJiangxiKonka | 85,861,185.36 | 12,518,073.84 | 73,343,111.52 | 84,917,611.92 | 647,975.66 | 84,269,636.26 |
Otherprojects | 319,798,751.76 | 42,750,899.13 | 277,047,852.63 | 322,694,187.33 | 43,316,395.88 | 279,377,791.45 |
Item | Closingbalance | Openingbalance | ||||
Bookbalance | Provisionforimpairment | Carryingvalue | Bookbalance | Provisionforimpairment | Carryingvalue | |
Total | 962,923,620.22 | 102,024,121.54 | 860,899,498.68 | 2,054,394,478.98 | 64,033,101.91 | 1,990,361,377.07 |
(2)Changesinmajorprojectsunderconstructioninthecurrentyear
Nameofitem | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance | |
Transferredtolong-termassets | Otherdecreases | ||||
ChongqingKonkaSemiconductorOptoelectronicsParkProject | 197,885,487.81 | 1,518,206.33 | 198,416,543.64 | 637,881.48 | 349,269.02 |
GuangmingProject | 466,051,847.89 | 6,504,273.24 | 472,556,121.13 | ||
JiangxiHigh-permeabilityCrystalisationKiln | 246,576,748.57 | 246,576,748.57 | |||
DongguanKonkaNewIndustrialPark | 398,018,288.30 | 30,083,029.02 | 428,101,317.32 | ||
ConstructionofSuiningElectronicIndustrialParkWorkshops | 221,981,375.38 | 75,225,831.87 | 119,690,949.02 | 177,516,258.23 | |
FrestecSmartHomeAppliancesPark | 113,146,458.03 | 285,925,118.68 | 398,077,410.38 | 994,166.33 | |
Total | 1,643,660,205.98 | 399,256,459.14 | 1,616,842,341.49 | 637,881.48 | 425,436,442.15 |
(Continued)
Nameofitem | Estimatednumber(RMB100million) | Proportionestimatedoftheprojectaccumulativeinput(%) | EngineeringSchedule(%) | Accumulatedamountofinterestcapitalisation | Ofwhich:theamountofthecapitalisedinterestsinthecurrentyear | Capitalisationrateoftheinterestsinthecurrentyear(%) | Sourceoffund |
ChongqingKonkaSemiconductorOptoelectronicsParkProject | 7.57 | 95.00 | 95.00 | 32,272.52 | 32,272.52 | Self-ownedfundandbankloans | |
GuangmingProject | 5.20 | 100.00 | 100.00 | 24,439,935.22 | 2,111,837.71 | 1.43 | Self-ownedfundandprojectloans |
JiangxiHigh-permeabilityCrystalisationKiln | 3.40 | 72.52 | 72.52 | 32,249,994.16 | Bankloans | ||
DongguanKonkaNewIndustrialPark | 5.97 | 71.69 | 71.69 | 23,936,481.59 | 8,669,809.56 | 4.59 | Bankloans |
ConstructionofSuiningElectronicIndustrialParkWorkshops | 7.34 | 95.00 | 95.00 | Self-ownedfund | |||
FrestecSmartHomeAppliancesPark | 4.88 | 100.00 | 100.00 | 14,134,622.62 | 7,347,326.08 | 3.73 | Self-ownedfunds,internalentrustedloans,bankloans |
Total | 94,793,306.11 | 18,161,245.87 |
(3)Provisionsetasideforimpairmentofconstructioninprogressinthecurrentyear
Category | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance | Reasonforwithdrawal |
JiangxiHigh-permeabilityCrystalisationKiln | 20,068,730.37 | 26,686,418.20 | 46,755,148.57 | Failuretoachieveserviceableconditions |
Category | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance | Reasonforwithdrawal |
JiangxiHighTransparentNanoLine1Project | 36,181,822.63 | 36,181,822.63 | Failuretoachieveserviceableconditions | ||
HenanCivilConstructionProject | 3,703,547.42 | 3,703,547.42 | Failuretoachieveserviceableconditions | ||
KonkaHuanjiaenvironmentalequipment | 3,103,138.94 | 3,103,138.94 | Constructioninprogressisequipmentnotincludedinfixedassets,whichhasbeensold. | ||
Otherprojects | 975,862.55 | 14,735,793.62 | 328,053.25 | 15,383,602.92 | Failuretoachieveserviceableconditions |
Total | 64,033,101.91 | 41,422,211.82 | 3,431,192.19 | 102,024,121.54 | - |
(4)ImpairmenttestofconstructioninprogressDuringtheReportingPeriod,theCompanyconductedanimpairmenttestontheconstructioninprogressofJiangxiKonkaNewMaterialTechnologyCo.,Ltd.,determineditsrecoverableamountsbasedonthepresentvalueofthenetfairvaluelessdisposalcosts,andrecognisedanimpairmentlossonassetsofRMB40,655,031.97.
Item | Carryingvalue | Recoverableamount | Impairmentamount | Determinationoffairvalueanddisposalcosts | Keyparameters | Basisfordeterminingkeyparameters |
ProductionLineRenovationProjectofJiangxiKonka | 85,213,453.73 | 73,343,355.55 | 11,870,098.18 | Recoverableamount=replacementcostsx(1-economicdepreciationrate)-disposalcosts | Economicdepreciationrate | Economicdepreciationrate=(1-(capacityofequipmentexpectedtobeutilized/originaldesigncapacityofequipment)^economyofscaleindex)x100%.Economyofscaleindex,i.e.,empiricaldata,takesthevalueof0.7fortheprocessingindustryingeneral. |
Item | Carryingvalue | Recoverableamount | Impairmentamount | Determinationoffairvalueanddisposalcosts | Keyparameters | Basisfordeterminingkeyparameters |
JiangxiHigh-permeabilityCrystalisationKiln | 226,508,018.20 | 199,821,600.00 | 26,686,418.20 | Recoverableamount=replacementcostsx(1-economicdepreciationrate)-disposalcosts | Economicdepreciationrate | Economicdepreciationrate=(1-(capacityofequipmentexpectedtobeutilized/originaldesigncapacityofequipment)^economyofscaleindex)x100%.Economyofscaleindex,i.e.,empiricaldata,takesthevalueof0.7fortheprocessingindustryingeneral. |
OtherprojectsofXinfengandJiangxiHigh-permeability | 39,785,413.78 | 37,686,898.19 | 2,098,515.59 | Recoverableamount=replacementcostsx(1-economicdepreciationrate)-disposalcosts | Economicdepreciationrate | Economicdepreciationrate=(1-(capacityofequipmentexpectedtobeutilized/originaldesigncapacityofequipment)^economyofscaleindex)x100%.Economyofscaleindex,i.e.,empiricaldata,takesthevalueof0.7fortheprocessingindustryingeneral. |
Others | 944,171.00 | 176,991.15 | 767,179.85 | Fairvalue=marketquotationxquantityofequipment-disposalcosts | Marketquotation,quantityofequipment | 1.Themarketquotationisdeterminedbythenetpriceofdisposalofwastematerials(dismantlingandtransportationcostsareallbornebytherecoveryunit);2.Thequantityoftheequipmentisdeterminedbyanon-siteinventory;3.Intermediaryservicefeesincludemainlyappraisalfeesandintermediaryfeesfortradingplatforms. |
Total | 352,451,056.71 | 311,028,844.89 | 41,422,211.82 | - | - | - |
19.Right-of-useassets
(1)Right-of-useassets
Item | Propertiesandbuildings | Electronicequipment | Transportequipment | Total |
I.Originalcarryingvalue | ||||
1.Openingbalance | 105,879,545.84 | 243,493.34 | 106,123,039.18 | |
2.Increaseinthecurrentyear | 200,687,422.05 | 35,857.18 | 200,723,279.23 | |
(1)Rent | 200,618,894.31 | 35,857.18 | 200,654,751.49 | |
(2)Others | 68,527.74 | 68,527.74 | ||
3.Decreaseinthecurrentyear | 28,467,652.05 | 28,467,652.05 | ||
(1)Decreaseforlossofcontrollingright | ||||
(2)Others | 28,467,652.05 | 28,467,652.05 | ||
4.Closingbalance | 278,099,315.84 | 279,350.52 | 278,378,666.36 | |
II.Accumulateddepreciation | ||||
1.Openingbalance | 56,047,009.73 | 56,190.77 | 56,103,200.50 | |
2.Increaseinthecurrentyear | 42,829,336.65 | 58,663.68 | 42,888,000.33 | |
(1)Provision | 42,810,227.72 | 58,663.68 | 42,868,891.40 | |
(2)Others | 19,108.93 | 19,108.93 | ||
3.Decreaseinthecurrentyear | 17,666,957.64 | 17,666,957.64 | ||
(1)Decreaseforlossofcontrollingright | ||||
(2)Others | 17,666,957.64 | 17,666,957.64 | ||
4.Closingbalance | 81,209,388.74 | 114,854.45 | 81,324,243.19 | |
III.Provisionforimpairment | ||||
1.Openingbalance |
Item | Propertiesandbuildings | Electronicequipment | Transportequipment | Total |
2.Increaseinthecurrentyear | ||||
(1)Provision | ||||
3.Decreaseinthecurrentyear | ||||
(1)Disposal | ||||
4.Closingbalance | ||||
IV.Carryingvalue | ||||
1.Closingcarryingvalue | 196,889,927.10 | 164,496.07 | 197,054,423.17 | |
2.Openingcarryingvalue | 49,832,536.11 | 187,302.57 | 50,019,838.68 |
Note:Otherdecreasesinoriginalvalueandaccumulateddepreciationaremainlyduetoleaseexpiration.
20.Intangibleassets
(1)Listofintangibleassets
Item | Landuseright | Intellectualproperty | Total | ||||
Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
I.Originalcarryingvalue | |||||||
1.Openingbalance | 920,331,792.11 | 72,197,456.33 | 116,715,865.54 | 168,553,796.14 | 166,134,944.42 | 523,602,062.43 | 1,443,933,854.54 |
2.Increasedamountoftheperiod | 122,691,321.95 | 18,779,386.33 | 13,146,791.68 | 31,926,178.01 | 154,617,499.96 | ||
(1)Purchase | 122,503,853.21 | 7,057,234.54 | 7,057,234.54 | 129,561,087.75 | |||
(2)Transfer-inofconstructioninprogress | 8,245.09 | 18,779,386.33 | 6,089,557.14 | 24,868,943.47 | 24,877,188.56 | ||
(3)Otherreasons | 179,223.65 | 179,223.65 | |||||
3.Decreasedamountoftheperiod | 156,667,052.15 | 18,240.10 | 1,633,088.47 | 1,651,328.57 | 158,318,380.72 | ||
(1)Disposal | 25,524,869.53 | 18,240.10 | 1,501,672.54 | 1,519,912.64 | 27,044,782.17 |
(2)Decreaseforlossofcontrollingright | 17,493,200.24 | 17,493,200.24 | |||||
(3)Decreaseforotherreasons | 113,648,982.38 | 131,415.93 | 131,415.93 | 113,780,398.31 | |||
4.Endingbalance | 886,356,061.91 | 72,197,456.33 | 116,697,625.44 | 187,333,182.47 | 177,648,647.63 | 553,876,911.87 | 1,440,232,973.78 |
II.Accumulatedamortisation | |||||||
1.Openingbalance | 99,146,643.20 | 19,252,110.49 | 71,318,420.60 | 1,560,683.29 | 90,172,768.07 | 182,303,982.45 | 281,450,625.65 |
2.Increasedamountoftheperiod | 18,108,965.88 | 4,163,515.95 | 399,471.81 | 10,160,632.33 | 14,842,731.26 | 29,566,351.35 | 47,675,317.23 |
(1)Provision | 18,108,965.88 | 4,163,515.95 | 399,471.81 | 10,160,632.33 | 14,842,731.26 | 29,566,351.35 | 47,675,317.23 |
(2)Otherincreases | |||||||
3.Decreasedamountoftheperiod | 20,531,435.34 | 18,240.10 | 1,472,830.62 | 1,491,070.72 | 22,022,506.06 | ||
(1)Disposal | 4,582,759.52 | 1,441,881.38 | 1,441,881.38 | 6,024,640.90 | |||
(2)Decreaseforlossofcontrollingright | 553,951.33 | 553,951.33 | |||||
(3)Decreaseforotherreasons | 15,394,724.49 | 18,240.10 | 30,949.24 | 49,189.34 | 15,443,913.83 |
4.Endingbalance | 96,724,173.74 | 23,415,626.44 | 71,699,652.31 | 11,721,315.62 | 103,542,668.71 | 210,379,263.08 | 307,103,436.82 |
III.Provisionforimpairment | |||||||
1.Openingbalance | 564,705.88 | 44,943,521.62 | 235,294.12 | 45,743,521.62 | 45,743,521.62 | ||
2.Increasedamountoftheperiod | |||||||
(1)Provision | |||||||
(2)Increaseinbusinesscombinations | |||||||
3.Decreasedamountoftheperiod | |||||||
(1)Disposal | |||||||
(2)Decreaseforlossofcontrollingright | |||||||
4.Endingbalance | 564,705.88 | 44,943,521.62 | 235,294.12 | 45,743,521.62 | 45,743,521.62 | ||
IV.Carryingvalue | |||||||
1.Endingcarryingvalue | 789,631,888.17 | 48,217,124.01 | 54,451.51 | 175,611,866.85 | 73,870,684.80 | 297,754,127.17 | 1,087,386,015.34 |
Note:TherewasnoimpairmentoftheGroup'sintangibleassetsduringtheReportingPeriod.
2.Openingcarryingvalue | 821,185,148.91 | 52,380,639.96 | 453,923.32 | 166,993,112.85 | 75,726,882.23 | 295,554,558.36 | 1,116,739,707.27 |
(2)LanduserightwithcertificateoftitleuncompletedTheGroupdidnothavelanduserightsforwhichnotitledeedshadbeenissued.
(3)Significantintangibleassets
Item | Closingcarryingvalue | Remainingamortisationperiod(year) |
LanduserightofDongguanKonka | 185,832,462.67 | 45.67 |
ConcessionsofYibinKonka | 175,611,866.85 | 16.83 |
LanduserightofFrestecSmartHomeTechnology | 90,267,954.17 | 46.75 |
LandusagerightofFrestecRefrigeration | 63,840,404.52 | 32.75 |
Total | 515,552,688.21 |
(4)Intangibleassetswithrestrictedownershiporusingright
Item | Closingcarryingvalue | Reasonsfortherestriction |
LanduserightofDongguanKonka | 185,832,462.67 | Mortgageloan |
LanduserightofShanxiKonkaIntelligent | 121,439,312.85 | Mortgageloan |
LanduserightofFrestecSmartHomeTechnology | 90,267,954.17 | Mortgageloan |
LandusagerightofFrestecRefrigeration | 63,840,404.52 | Ascollateralforfinancelease |
LanduserightofAnhuiKonka | 53,873,716.00 | Mortgageloan |
LanduserightofChongqingKonka | 44,585,522.54 | Mortgageloan |
LanduserightofAnhuiTongchuang | 17,455,478.16 | Mortgageloan |
LanduserightofJiangsuKonka | 13,746,913.56 | Mortgageloan |
LanduserightofXingDaHongYe | 13,112,683.07 | Mortgageloan |
LanduserightofJiangxiKonka | 12,096,157.01 | Originalshareholderguaranteemortgage |
LanduserightofKonkaGuangming | 4,343,453.05 | Mortgageloan |
Total | 620,594,057.60 |
21.Goodwill
(1)Originalcarryingvalueofgoodwill
Investee | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance | ||
Formedthroughbusinesscombinations | Others | Disposal | Others | |||
JiangxiKonka | 340,111,933.01 | 340,111,933.01 | ||||
XingDaHongYe | 44,156,682.25 | 44,156,682.25 | ||||
Total | 384,268,615.26 | 384,268,615.26 |
(2)Provisionforgoodwillimpairment
Investee | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance | ||
Provision | Others | Disposal | Others | |||
JiangxiKonka | 340,111,933.01 | 340,111,933.01 | ||||
XingDaHongYe | 21,959,947.14 | 21,959,947.14 | ||||
Total | 362,071,880.15 | 362,071,880.15 |
(3)Informationontheassetgrouporthecombinationofassetgroupsofthegoodwill
Name | Compositionandbasisoftheassetgrouporcombinationofassetgroups | Whetheritisconsistentwiththepreviousyear |
AssetgroupofXingDaHongYe | Itisagroupofassetsrelatedtogoodwillconsistingofalloperatingtangibleassetsandrecognizableintangibleassetsofthecorrespondingsubsidiary'smainbusinessasreflectedinitsbalancesheet(excludingworkingcapitalandnon-operatingassets),basedonwhetherornotthemajorcashinflowsgeneratedbytheassetgroupareindependentofthosegeneratedbyotherassetsortheassetgroup. | Yes |
(4)SpecificdeterminationmethodforrecoverableamountTheCompany'smanagementperformedanimpairmenttestofgoodwillattheendoftheyear,andrecognisedXingDaHongYeasawholeasasingleassetgroup,whichisconsistentwithprioryears.TheCompanyusesthepresentvalueofestimatedfuturecashflowstocalculatetherecoverable
amountofanassetgroup.Futurecashflowsaredeterminedbasedonthefinancialbudgetsapprovedbymanagementfortheyears2024through2029andusingadiscountrateof12.88%.ThecashflowsofXingDaHongYeformorethansixyearsarecalculatedonthebasisofagrowthrateof0%.TheCompanyengagedanappraisalinstitution,ShenzhenPengxinAssetAppraisalLandandRealEstateAppraisalCo.,Ltd.,toconductanappraisaloftheassetgroupcontaininggoodwillofXingDaHongYebyadoptingtheincomeapproach,usingthepresentvalueoftheestimatedfuturecashflowsoftheassetsoftheassetgroupasitsrecoverableamount.Theappraisalinstitutionissuedon26February2024theP.X.Z.P.B.Z.[2024]No.S033AssetAppraisalReportontheRecoverableAmountoftheAssetGroupContainingGoodwillFormedbytheMergerandAcquisitionofGuangDongXingDaHongYeElectronicCo.,Ltd.inRelationtotheGoodwillImpairmentTesttobeConductedbyKonkaGroupCo.,Ltd.,whichtakes31December2023astheappraisalbasedate.ThepresentvalueoftheassetgroupofXingDaHongYeasattheappraisaldateamountedtoRMB257,920,000,andthebookvalueoftheassetgroupadjustedtoitsfairvalue(includingthegoodwillasawhole)wasRMB255,359,800,000,ofwhichthecarryingvalueofgoodwill(inclusiveofminorityshareholders)amountedtoRMB43,523,000.Therefore,XingDaHongYehadbeentestedforimpairmentofgoodwillandnoimpairmentofgoodwillexistedinthecurrentyear.AsoftheReportingDate,XingDaHongYehadaccumulatedgoodwillimpairmentofapproximatelyRMB21,959,900,000.
22.Long-termdeferredexpenses
Item | Openingbalance | Increaseinthecurrentyear | Amortisationinthecurrentyear | Otherdecreasesinthecurrentyear | Closingbalance |
Decorationexpenses | 263,367,218.24 | 176,711,718.86 | 68,569,296.13 | 1,120,704.09 | 370,388,936.88 |
Shoppeexpense | 18,787,080.49 | 20,632,263.63 | 13,765,981.11 | 678,887.63 | 24,974,475.38 |
Others | 105,155,204.34 | 63,771,326.63 | 45,041,486.17 | 329,233.35 | 123,555,811.45 |
Total | 387,309,503.07 | 261,115,309.12 | 127,376,763.41 | 2,128,825.07 | 518,919,223.71 |
23.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
(1)Deferredtaxassetsthathavenotbeenoffset
Item | Closingbalance | Openingbalance | ||
Deductibletemporarydifferences | DeferredtaxAssets | Deductibletemporarydifferences | DeferredtaxAssets | |
Deductiblelosses | 3,747,584,829.70 | 794,363,411.92 | 3,446,211,696.71 | 710,037,893.08 |
Provisionforassetimpairment | 1,879,389,407.11 | 407,751,765.55 | 1,665,450,141.63 | 364,146,193.07 |
Deferredrevenue | 167,691,056.33 | 36,766,230.50 | 90,355,036.00 | 22,296,259.01 |
Item | Closingbalance | Openingbalance | ||
Deductibletemporarydifferences | DeferredtaxAssets | Deductibletemporarydifferences | DeferredtaxAssets | |
Accruedexpenses | 262,522,401.07 | 58,732,850.29 | 208,346,464.01 | 49,058,992.22 |
Unrealisedinternalsalesprofits | 55,653,196.64 | 13,913,299.16 | 62,006,060.41 | 15,501,515.10 |
Leaseliabilities | 207,847,769.62 | 50,208,319.90 | 37,349,686.00 | 6,951,620.03 |
Others | 279,982,155.72 | 64,838,104.84 | 134,840,920.33 | 29,413,898.14 |
Total | 6,600,670,816.19 | 1,426,573,982.16 | 5,644,560,005.09 | 1,197,406,370.65 |
(2)Deferredtaxliabilitiesthathavenotbeenoffset
Item | Closingbalance | Openingbalance | ||
Taxabletemporarydifferences | Deferredtaxliabilities | Taxabletemporarydifferences | Deferredtaxliabilities | |
Estimatedaddedvalueofassetsnotunderthesamecontrol | 154,693,540.82 | 37,285,533.12 | 193,084,308.55 | 41,509,033.61 |
Prepaidinterest | 37,541,390.08 | 9,385,347.52 | 46,965,768.40 | 11,741,442.10 |
Accelerateddepreciationoffixedassets | 3,005,493.04 | 608,518.82 | 4,406,228.55 | 1,376,446.54 |
Financialassetsatfairvaluethroughprofitorloss | 327,802,549.12 | 81,950,637.29 | 98,900,582.49 | 24,725,145.63 |
Right-of-useassets | 195,220,008.99 | 48,074,535.52 | 30,800,411.02 | 5,891,361.34 |
Others | 47,153,970.40 | 7,721,593.00 | 42,438,733.89 | 10,183,869.09 |
Total | 765,416,952.45 | 185,026,165.27 | 416,596,032.90 | 95,427,298.31 |
(3)Breakdownofunrecogniseddeferredtaxassets
Item | Closingbalance | Openingbalance |
Deductiblelosses | 3,693,212,186.74 | 2,114,844,242.75 |
Item | Closingbalance | Openingbalance |
Deductibletemporarydifferences | 4,173,904,666.60 | 2,967,427,358.07 |
Total | 7,867,116,853.34 | 5,082,271,600.82 |
(4)Deductiblelossesofunrecogniseddeferredtaxassetsmatured/willmatureinthe
followingyear
Year | Closingbalance | Openingbalance | Notes |
2023 | 134,203,193.22 | ||
2024 | 175,414,641.28 | 92,292,924.99 | |
2025 | 464,500,932.68 | 136,655,028.18 | |
2026 | 224,104,387.87 | 263,654,830.43 | |
2027 | 110,289,035.04 | 1,488,038,265.93 | |
2028andfollowingyears | 2,718,903,189.87 | ||
Total | 3,693,212,186.74 | 2,114,844,242.75 | - |
24.Othernon-currentassets
Item | Closingbalance | ||
Bookbalance | Provisionforimpairment | Carryingvalue | |
Prepaymentforland-purchase | 1,029,317,896.04 | 1,029,317,896.04 | |
Prepaymentforconstruction,equipmentandotherlong-termassets | 219,010,910.12 | 219,010,910.12 | |
Total | 1,248,328,806.16 | 1,248,328,806.16 |
(Continued)
Item | Openingbalance | ||
Bookbalance | Provisionforimpairment | Carryingvalue | |
Prepaymentforland-purchase | 1,459,111,732.63 | 1,459,111,732.63 | |
Prepaymentforconstruction,equipmentandotherlong-termassets | 251,133,645.63 | 251,133,645.63 | |
Total | 1,710,245,378.26 | 1,710,245,378.26 |
25.Assetswithrestrictedownershiporuserights
Item | Endoftheyear |
Bookbalance | Carryingvalue | Typeofrestriction | Restrictiondetails | |
Monetaryassets | 831,575,227.47 | 831,575,227.47 | Margins,pledges,timedeposits | Amongthem,RMB384,011,696.60ismargindeposit,pledgeisusedforborrowingorissuingbankacceptance,RMB226,611,500.00istimedepositthatcannotbewithdrawninadvance;RMB220,952,030.87isrestrictedduetootherreasons. |
Accountsreceivable | 2,527,314.22 | 2,474,071.67 | Pledge | Pledgeloan |
Notesreceivable | 209,288,446.67 | 209,288,446.67 | Pledge | Theyarepledgedfortheissuanceofbankacceptance |
Inventory | 601,395,411.05 | 599,475,045.44 | Seizure,mortgage |
CarryingvalueofinventoriesseizedasaresultoftheminorityshareholdercaseofasubsidiarywasRMB49,679,547.48,andtheCompanydidnotwaiveclaims;year-endbookvalueofinventoryusedformortgageloanswasRMB549,795,497.96.
Investmentproperty | 634,578,011.63 | 585,984,804.04 | Mortgage | Mortgageloan |
Fixedassets | 2,003,558,346.93 | 1,689,602,310.18 | Mortgage | Mortgageforfinancelease,mortgageloan,mortgageguaranteedbytheoriginalshareholder |
Intangibleassets | 687,667,571.97 | 620,594,057.60 | Mortgage | Mortgageforfinancelease,mortgageloan,mortgageguaranteedbytheoriginalshareholder |
Constructioninprogress | 40,629,663.23 | 40,629,663.23 | Mortgage | Mortgageloan |
Total | 5,011,219,993.17 | 4,579,623,626.30 | - | - |
(Continued)
Item | Beginningoftheyear | |||
Bookbalance | Carryingvalue | Typeofrestriction | Restrictiondetails | |
Monetaryassets | 526,183,479.81 | 526,183,479.81 | Margins,pledges,timedeposits | Amongthem,RMB435,167,024.52ismargindeposit,pledgeisusedforborrowingorissuingbank |
Item | Beginningoftheyear | |||
Bookbalance | Carryingvalue | Typeofrestriction | Restrictiondetails | |
acceptance,RMB305,405.41isfinancialsupervisionaccountfund;RMB69,800,000.00istimedepositthatcannotbewithdrawninadvance;RMB20,911,049.88isrestrictedduetootherreasons. | ||||
Notesreceivable | 504,958,051.41 | 504,958,051.41 | Pledge | Pledgeformakingoutaninvoice |
Inventory | 201,747,758.47 | 49,679,547.48 | Seizure | Affectedbythecaseoftheminorityshareholderofthesubsidiary,theinventorywaswronglyseized,andthecompanydidnotgiveuptheclaim. |
Investmentproperty | 104,066,818.20 | 104,066,818.20 | Mortgage | Mortgageloan |
Fixedassets | 1,899,311,066.39 | 1,437,778,232.95 | Mortgage | Mortgageforbilling,mortgageforfinancelease,mortgageloan,mortgageguaranteedbytheoriginalshareholder |
Intangibleassets | 557,863,536.11 | 512,162,337.46 | Mortgage | Mortgageloan,mortgageforfinancelease,mortgageguaranteedbytheoriginalshareholder |
Constructioninprogress | 268,783,371.35 | 229,757,971.08 | Mortgage | Ascollateralforfinancelease |
Total | 4,062,914,081.74 | 3,364,586,438.39 | - | - |
26.Short-termloans
(1)Classificationofshort-termloans
Typeofborrowings | Closingbalance | Openingbalance | Notes |
Unsecuredloan | 4,741,431,032.21 | 5,252,631,775.26 | |
Guaranteedloan | 1,374,378,896.71 | 1,953,423,601.39 | ①②③④ |
Mortgageloan | 274,782,127.35 | 373,503,928.32 | ⑤⑥⑦⑧ |
Total | 6,390,592,056.27 | 7,579,559,304.97 |
①TheCompanyprovidesjointandseveralliabilityguaranteeatthemaximumamountfortheshort-termborrowingstotalingRMB909,577,438.35toitssubsidiariesYibinSmart,AnhuiKonka,DongguanKonka,JiangxiKonka,JiangxiHigh-permeabilitySubstrate,XinfengMicrocrystalline,
AnhuiTongchuang,BoluoPrecision,KonkaXinyun,ElectronicTechnology.
②TheCompanyhasobtainedshort-termborrowingsamountingtoRMB410,486,597.23fromShenzhenChegongmiaoSub-branchofChinaEverbrightBankCo.,Ltd.,forwhichtheCompany'ssubsidiaryElectronicsTechnologyprovidesjointandseveralliabilityguaranteeatthemaximumamount.
③TheCompany'ssubsidiaryNingboKhrElectricApplianceCo.,Ltd.hasobtainedshort-termborrowingsamountingtoRMB50,364,861.13fromCixiBranchofBankofChinaLimited,forwhichtheCompanyandKoreaElectricGroupCo.,Ltd.providejointandseveralliabilityguaranteeattheproportionof3:2,respectively.
④TheCompany'ssubsidiaryKonkaVentureshasobtainedshort-termborrowingsamountingtoRMB3,950,000fromShenzhenBranchofBankofHangzhouCo.,Ltd.,forwhichShenzhenQianhaiDatangTechnologyCo.,Ltd.providesgeneralguarantee.
⑤TheCompany'ssubsidiaryAnhuiKonkahasobtainedshort-termborrowingsamountingtoRMB120,736,113.45fromChuzhouBranchofBankofChinaLimited,forwhichitprovidesfixedassetsofacarryingvalueofRMB414,886,007.46andlanduserightsofacarryingvalueofRMB35,866,497.33asmortgage.
⑥TheCompany'ssubsidiaryXingDaHongYehasobtainedshort-termborrowingsamountingtoRMB94,095,305.57fromFushaSub-branchofZhongshanRuralCommercialBank,forwhichitprovidespropertiesandbuildingsofacarryingvalueofRMB30,836,709.44andlanduserightsofacarryingvalueofRMB13,112,683.07asmortgageandcertificatesoftimedepositwithacarryingvalueofRMB19,800,000.00aspledge,andHuZehongprovidesjointandseveralliabilityguarantee.
⑦TheCompany'ssubsidiaryJiangsuKonkaSmarthasobtainedshort-termborrowingsamountingtoRMB30,040,791.66fromChangzhouBranchofZheshangBankCo.,Ltd.,forwhichitprovidespropertiesandbuildingsofacarryingvalueofRMB35,470,487.60andlanduserightsofacarryingvalueofRMB13,746,913.56asmortgage.
⑧TheCompany'ssubsidiaryAnhuiTongchuanghasobtainedshort-termborrowingsamountingtoRMB29,909,916.67fromHefeiBranchofZheshangBankCo.,Ltd.,forwhichitprovidespropertiesandbuildingsofacarryingvalueofRMB140,196,525.72andlanduserightsofacarryingvalueofRMB17,455,478.16asmortgage.
(2)OutstandingShort-termborrowingsoverdueTherewerenooutstandingshort-termborrowingsoverdueattheendofthecurrentyear.
27.Notespayable
Typeofnote | Closingbalance | Openingbalance |
Banker'sacceptance | 786,833,882.36 | 881,426,104.13 |
Commercialacceptancedraft | 203,649,044.84 | 173,147,717.91 |
Total | 990,482,927.20 | 1,054,573,822.04 |
28.Accountspayable
Item | Closingbalance | Openingbalance |
Withinoneyear | 2,002,263,324.19 | 2,330,698,958.02 |
Item | Closingbalance | Openingbalance |
Onetotwoyears | 448,060,250.16 | 155,636,729.60 |
Twotothreeyears | 107,371,417.74 | 89,142,446.14 |
Overthreeyears | 169,136,683.88 | 84,468,429.17 |
Total | 2,726,831,675.97 | 2,659,946,562.93 |
29.Accountsreceivedinadvance
Typeofnote | Closingbalance | Openingbalance |
Rents | 825.69 | |
Total | 825.69 |
30.Contractliabilities
(1)Contractliabilities
Item | Closingbalance | Openingbalance |
Salesadvancesreceived | 527,975,160.12 | 601,044,358.35 |
Total | 527,975,160.12 | 601,044,358.35 |
Note:Contractualliabilitiesoveroneyeararedetailedin"VI.43.Othernon-currentliabilities"inthisnote.
(2)SignificantcontractliabilitieswithanageofmorethanoneyearTherewerenosignificantcontractliabilitieswithanageofmorethanoneyearintheReportingPeriod.
(3)SignificantchangesincarryingvalueinthecurrentyearTherewerenosignificantchangesincarryingvalueinthecurrentyear.
31.Payrollpayable
(1)Listofpayrollspayable
Item | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance |
Short-termremuneration | 343,646,678.61 | 1,546,370,655.06 | 1,587,111,050.24 | 302,906,283.43 |
Post-employmentbenefits-definedcontributionplans | 4,600,603.98 | 119,716,518.08 | 123,332,621.86 | 984,500.20 |
Dismissalbenefits | 360,921.46 | 18,945,372.20 | 18,463,973.66 | 842,320.00 |
Otherbenefitsduewithinoneyear |
Item | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance |
Total | 348,608,204.05 | 1,685,032,545.34 | 1,728,907,645.76 | 304,733,103.63 |
(2)Short-termremuneration
Item | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance |
Salaries,bonuses,allowancesandsubsidies | 334,684,052.90 | 1,356,418,260.49 | 1,398,283,059.07 | 292,819,254.32 |
Employeebenefits | 3,936,505.74 | 61,452,893.58 | 60,035,067.05 | 5,354,332.27 |
Socialinsurancepremiums | 1,058,903.83 | 55,338,539.08 | 55,832,481.16 | 564,961.75 |
Including:Medicalinsurancepremiums | 542,052.97 | 49,767,939.00 | 49,913,269.76 | 396,722.21 |
Workinjuryinsurancepremiums | 258,547.07 | 3,459,232.15 | 3,640,666.28 | 77,112.94 |
Maternityinsurancepremiums | 258,303.79 | 2,111,367.93 | 2,278,545.12 | 91,126.60 |
Housingfund | 302,288.94 | 60,035,362.19 | 59,851,639.16 | 486,011.97 |
Labourunionfundsandeducationfunds | 2,815,551.22 | 13,052,979.72 | 12,186,807.82 | 3,681,723.12 |
Short-termabsencewithpayment | ||||
Short-termprofitsharingplan | ||||
Others | 849,375.98 | 72,620.00 | 921,995.98 | |
Total | 343,646,678.61 | 1,546,370,655.06 | 1,587,111,050.24 | 302,906,283.43 |
(3)Definedcontributionplans
Item | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance |
Basicendowmentmanagementinsurance | 4,410,027.51 | 116,179,833.58 | 119,754,395.92 | 835,465.17 |
Unemploymentinsurancepremiums | 190,576.47 | 3,536,684.50 | 3,578,225.94 | 149,035.03 |
Annuitycontribution |
Item | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance |
Total | 4,600,603.98 | 119,716,518.08 | 123,332,621.86 | 984,500.20 |
32.Taxespayable
Item | Closingbalance | Openingbalance |
Corporateincometax | 91,733,192.66 | 178,994,811.66 |
Value-addedtax | 66,607,505.30 | 60,178,835.36 |
Fundfordisposingabandonedappliancesandelectronicproducts | 21,210,465.50 | 14,716,729.00 |
Landusetax | 11,704,493.10 | 11,028,106.31 |
Stampduty | 6,782,263.86 | 9,955,063.53 |
Propertytax | 5,219,025.56 | 4,511,721.21 |
Cityconstructionandmaintenancetax | 3,479,642.26 | 3,710,919.05 |
EducationfeesandlocaleducationSurcharge | 2,525,463.27 | 2,735,721.75 |
Personalincometax | 2,285,063.65 | 2,477,590.24 |
Tariff | 1,513,377.11 | 1,624,434.41 |
Others | 1,356,643.60 | 1,168,746.84 |
Total | 214,417,135.87 | 291,102,679.36 |
33.Otherpayables
Item | Closingbalance | Openingbalance |
Interestpayable | 29,590,464.00 | |
Otherpayables | 1,922,791,905.14 | 1,866,120,909.34 |
Total | 1,922,791,905.14 | 1,895,711,373.34 |
33.1Interestspayable
Item | Closingbalance | Openingbalance |
Interestoncorporatebonds | ||
Interestonlong-termborrowingswithinterestpaidbyinstalmentandprincipalpaidatmaturity | 29,271,307.22 |
Item | Closingbalance | Openingbalance |
Interestpayableonshort-termborrowings | 319,156.78 | |
Total | 29,590,464.00 |
33.2OtherPayables
(1)Otheraccountspayablepresentedbasedonthefundnature
Natureoffund | Closingbalance | Openingbalance |
Tradingfunds | 798,553,216.65 | 677,014,483.12 |
Expensespayable | 521,810,773.58 | 538,693,780.45 |
Relatedpartyborrowing | 236,064,633.74 | 286,552,967.74 |
Cashdepositandfront | 282,035,338.52 | 286,952,679.25 |
Advancepayment | 5,480,880.33 | 5,482,995.92 |
Equitypayable | 24,302,796.96 | 6,302,796.96 |
Others | 54,544,265.36 | 65,121,205.90 |
Total | 1,922,791,905.14 | 1,866,120,909.34 |
(2)Significantotheraccountspayablewithanageofmorethanoneyearoroverdue
Unit | Closingbalance | Reasonfornon-repaymentorcarry-over |
TheThirdConstructionEngineeringCompanyLtd.ofChinaConstructionSecondEngineeringBureau | 21,677,760.25 | Itwasnotyetdueforpaymentasperthecontract |
Total | 21,677,760.25 |
34.Non-currentliabilitiesduewithinoneyear
Item | Closingbalance | Openingbalance |
Long-termborrowingsduewithinoneyear | 2,891,407,222.55 | 249,391,640.39 |
Long-termpayablesduewithinoneyear | 141,650.44 | 139,213,550.70 |
Bondspayableduewithinoneyear | 2,370,572,421.45 | |
Leaseliabilitiesduewithinoneyear | 52,026,101.92 | 20,614,839.60 |
Total | 5,314,147,396.36 | 409,220,030.69 |
35.Othercurrentliabilities
Item | Closingbalance | Openingbalance |
AccountspayablepaidbyendorsementofoutstandingnotesattheendoftheReportingPeriod | 11,524,075.93 | 26,744,560.49 |
Taxtobechargedoff | 23,890,662.41 | 21,806,789.93 |
Refundspayable | 18,915,977.41 | 19,898,433.29 |
Total | 54,330,715.75 | 68,449,783.71 |
36.Long-termloans
Typeofborrowings | Closingbalance | Openingbalance | Notes |
Guaranteedloan | 4,047,706,381.39 | 3,116,984,312.66 | ①②③④⑤⑥⑦⑧ |
Mortgageloan | 1,207,161,686.81 | 849,816,227.52 | ⑨⑩??????? |
Entrustedborrowings | 2,054,850,296.35 | 2,595,372,200.43 | ? |
Unsecuredloan | 3,276,240,462.52 | 2,536,925,213.87 | |
Pledgeloan | 84,598,475.36 | 57,225,088.80 | ?? |
Less:Portionduewithinoneyear | 2,891,407,222.55 | 249,391,640.39 | |
Total | 7,779,150,079.88 | 8,906,931,402.89 |
①TheCompanyhasobtainedlong-termborrowingsamountingtoRMB1,484,131,000.00fromShenzhenBranchofChinaGuangfaBankCo.,Ltd.,thetermofwhichisfrom24June2021to20December2026,andforwhichtheCompany'sparentcompanyOCTGroupprovidesjointandseveralliabilityguaranteeatthemaximumamount.
②TheCompanyhasobtainedlong-termborrowingsamountingtoRMB1,441,235,638.84fromShenzhenBranchofChinaDevelopmentBankCo.,Ltd.,thetermofwhichisfrom22December2022to22September2026,andforwhichtheCompany'sparentcompanyOCTGroupprovidesjointandseveralliabilityguaranteeatthemaximumamount.
③TheCompanyhasobtainedlong-termborrowingsamountingtoRMB900,902,777.77fromtheExport-ImportBankofChina,thetermofwhichisfrom22June2022to21June2024,andforwhichtheCompany'sparentcompanyOCTGroupprovidesjointandseveralliabilityguaranteeatthemaximumamount.
④TheCompany'ssubsidiaryAnhuiKonkahasobtainedlong-termborrowingsamountingtoRMB100,114,583.34fromChuzhouPlazaSub-branchofChinaConstructionBankCo.,Ltd.,thetermofwhichisfrom24October2022to26October2026,andforwhichtheCompanyprovidesjointandseveralliabilityguarantee.
⑤TheCompany'ssubsidiaryAnhuiKonkahasobtainedlong-termborrowingsamountingtoRMB9,857,131.44fromChuzhouBranchofAgriculturalBankofChinaCo.,Ltd.,thetermofwhichisfrom29June2023to28June2028,andforwhichtheCompanyprovidesjointandseveralliabilityguarantee.
⑥TheCompany'ssubsidiaryAnhuiTongchuanghasobtainedlong-termborrowingsamountingtoRMB30,018,000.00fromChuzhouBranchofChinaEverbrightBankCo.,Ltd.,thetermofwhichisfrom26December2023to25June2025,andforwhichtheCompanyprovidesjointandseveralliabilityguaranteeatthemaximumamount.
⑦TheCompany'ssubsidiaryKonkaXinyunSemiconductorhasobtainedlong-termborrowingsamountingtoRMB51,375,000.00fromYanchengBranchofHuaxiaBankCo.,Ltd.,thetermofwhichisfrom10September2021to21August2026,andforwhichtheCompanyprovidesjointandseveralliabilityguarantee.
⑧TheCompany'ssubsidiarySichuanKonkahasobtainedlong-termborrowingsamountingtoRMB30,072,250.00fromYibinRuralCommercialBankCo.Ltd.,thetermofwhichisfrom23May2023to26April2026,andforwhichtheCompanyprovidesjointandseveralliabilityguarantee.
⑨TheCompanyhasobtainedlong-termborrowingsamountingtoRMB334,321,190.06fromGuanlanSub-branchofShenzhenRuralCommercialBankCo.,Ltd.,thetermofwhichisfrom21January2021to22January2026,andforwhichitprovideslanduserightsofacarryingvalueofRMB4,343,453.05andinvestmentpropertiesofacarryingvalueofRMB585,984,804.04andpropertiesandbuildingsofacarryingvalueofRMB63,063,516.77asmortgage.⑩TheCompany'ssubsidiaryAnhuiKonkahasobtainedlong-termborrowingsamountingtoRMB86.027,129.81fromChuzhouBranchofIndustrialBankCo.,Ltd.,thetermofwhichisfrom16July2021to15July2031,andforwhichitprovidesfixedassetsofacarryingvalueofRMB186,407,052.14andlanduserightsofacarryingvalueofRMB18,007,218.67asmortgage,andforwhichtheCompanyprovidesjointandseveralliabilityguarantee.?TheCompany'ssubsidiaryDongguanKonkahasobtainedlong-termborrowingsamountingtoRMB332,193,383.84fromDongguanFenggangSub-branchofAgriculturalBankofChinaCo.,Ltd.,thetermofwhichisfrom23June2021to21October2030,andforwhichitprovideslanduserightsasintangibleassetsofacarryingvalueofRMB185,832,462.67asmortgageandtheCompanyprovidesjointandseveralliabilityguarantee.?TheCompany'ssubsidiaryFrestecSmartHomehasobtainedlong-termborrowingsamountingtoRMB10,012,222.22fromXinxiangJiankangRoadSub-branchofChinaCITICBankCorporationLimited,thetermofwhichisfrom27October2022to4May2030,andforwhichitprovideslanduserightsofacarryingvalueofRMB90,267,954.17asmortgageandtheCompanyaswellasMengHonggang,thelegalpersonofChuzhouHanshangElectricApplianceCo.,Ltd.,providejointandseveralliabilityguaranteeatthemaximumamountat51%and49%,respectively.?TheCompany'ssubsidiaryNantongKanghaihasobtainedlong-termborrowingsamountingtoRMB22,973,942.90fromHaimenSub-branchofBankofSuzhouCo.,Ltd.,thetermofwhichfrom24April2023to25July2025,andforwhichitprovideslanduserightsandconstructioninprogressofacarryingvalueofRMB243,293,655.61asmortgage.?TheCompany'ssubsidiaryShanxiKonkaIntelligenthasobtainedlong-termborrowingsamountingtoRMB250,275,000.00fromShanxiFreeTradeZoneXi'anInternationalPortAreaSub-branchofIndustrialandCommercialBankofChinaCo.,Ltd.,thetermofwhichisfrom28September2023to3November2033,andforwhichitprovidespropertiesandbuildingsofacarryingvalueofRMB321,704,287.16andlanduserightsofacarryingvalueofRMB121,439,312.85asmortgage.?TheCompany'ssubsidiaryXi'anKanghongTechnologyIndustryhasobtainedlong-termborrowingsamountingtoRMB66,594,605.06fromtheBusinessDepartmentofShanxiBranchofBankofCommunicationsCo.,Ltd.,thetermofwhichisfrom15June2023to31December2032,andforwhichitprovidespropertiesandbuildingsandlanduserightsofacarryingvalueof
RMB306,501,842.35asmortgageandtheCompanyprovidesjointandseveralliabilityguaranteeatthemaximumamount.?TheCompany'ssubsidiaryYantaiKangjinhasobtainedlong-termborrowingsamountingtoRMB11,867,561.07fromYantaiRuralCommercialBankCo.Ltd.,thetermofwhichisfrom16January2023to12February2026,andforwhichitprovidesconstructioninprogressofacarryingvalueofRMB40,629,663.23asmortgage.?TheCompany'ssubsidiaryChongqingKonkahasobtainedlong-termborrowingsamountingtoRMB92,896,651.85fromChongqingLiangjiangBranchofIndustrialandCommercialBankofChinaCo.,Ltd.,thetermofwhichisfrom30December2022to29December2037,andforwhichitprovidespropertiesandbuildingsofacarryingvalueofRMB337,145,406.93andlanduserightsofacarryingvalueofRMB44,585,522.54asmortgageandtheCompanyprovidesjointandseveralliabilityguaranteeatthemaximumamount.?TheCompany'sparentcompanyOCTGrouphasextendedentrustedloansamountingtoRMB2,054,850,296.35totheCompanythroughChinaMerchantsBankCo.,Ltd.,thetermofwhichisfrom10January2022to25May2025.?TheCompany'ssubsidiaryYibinKangrunMedicalhasobtainedlong-termborrowingsamountingtoRMB49,506,950.32fromYibinBranchofIndustrialandCommercialBankofChinaCo.,Ltd.withtheaccountsreceivablearisingfromtheprospectiveearningsfromafranchiseagreementwithanappraisalvalueofRMB595,900,000aspledge,andthetermthereofisfrom30June2022to15April2040.?TheCompany'ssubsidiaryYibinKangrunMedicalhasobtainedlong-termborrowingsamountingtoRMB35,091,525.04fromYibinBranchofPostalSavingsBankofChinaCo.,Ltd.withtheaccountsreceivablearisingfromtheprospectiveearningsfromafranchiseagreementwithanappraisalvalueofRMB595,900,000aspledge,andthetermthereofisfrom30June2022to15April2040.
37.Bondspayable
(1)ListofBondsPayable
Item | Closingbalance | Openingbalance |
Corporatebonds | 4,797,565,000.12 | 4,792,392,044.13 |
Less:Bondspayableduewithinoneyear | 2,370,572,421.45 | |
Total | 2,426,992,578.67 | 4,792,392,044.13 |
(2)Changesinbondspayable
Bondname | Totalparvalue | Issuedate | Bondmaturity | Issueamount | Openingbalance |
21Konka01(notea)) | 1,000,000,000.00 | 8January2021 | Threeyears | 996,500,000.00 | 1,042,632,148.95 |
21Konka02(noteb)) | 500,000,000.00 | 21May2021 | Threeyears | 498,250,000.00 | 511,544,025.20 |
21Konka03(notec)) | 800,000,000.00 | 9July2021 | Threeyears | 797,200,000.00 | 813,864,800.79 |
22Konka01(noted)) | 1,200,000,000.00 | 14July2022 | Threeyears | 1,195,800,000.00 | 1,216,078,113.18 |
Bondname | Totalparvalue | Issuedate | Bondmaturity | Issueamount | Openingbalance |
22Konka03(notee)) | 600,000,000.00 | 8September2022 | Threeyears | 597,900,000.00 | 604,838,993.73 |
22Konka05(notef)) | 600,000,000.00 | 18October2022 | Threeyears | 597,900,000.00 | 603,433,962.28 |
Total | 4,700,000,000.00 | 4,683,550,000.00 | 4,792,392,044.13 |
(Continued)
Bondname | Issuanceinthecurrentyear | Accrueinterestbyparvalue | Amortisationofpremium/discount |
21Konka01(notea)) | 44,600,000.00 | 1,100,628.93 | |
21Konka02(noteb)) | 20,000,000.00 | 550,314.47 | |
21Konka03(notec)) | 31,600,000.00 | 880,503.14 | |
22Konka01(noted)) | 38,760,000.00 | 1,320,754.73 | |
22Konka03(notee)) | 19,800,000.00 | 660,377.36 | |
22Konka05(notef)) | 21,000,000.00 | 660,377.36 | |
Total | 175,760,000.00 | 5,172,955.99 |
(Continued)
Bondname | Prepaymentinthecurrentyear | Closingbalance |
21Konka01(notea)) | 44,600,000.00 | 1,043,732,777.88 |
21Konka02(noteb)) | 20,000,000.00 | 512,094,339.67 |
21Konka03(notec)) | 31,600,000.00 | 814,745,303.93 |
22Konka01(noted)) | 38,760,000.00 | 1,217,398,867.91 |
22Konka03(notee)) | 19,800,000.00 | 605,499,371.09 |
22Konka05(notef)) | 21,000,000.00 | 604,094,339.64 |
Total | 175,760,000.00 | 4,797,565,000.12 |
Notea:On8January2021,theCompanyissuedRMB1billionofprivateplacementcorporatebondswiththedurationofthreeyears,theannualinterestrateof4.46%andtheduedateof8January2024.Noteb:On21May2021,theCompanyissuedRMB500millionofprivateplacementcorporatebondswiththedurationofthreeyears,theannualinterestrateof4.00%andtheduedateof21May2024.Notec:On9July2021,theCompanyissuedRMB800millionofprivateplacementcorporatebondswiththedurationofthreeyears,theannualinterestrateof3.95%andtheduedateof9July2024.Noted:On14July2022,theCompanyissuedRMB1.2billionofpublicplacementcorporate
bondswiththedurationofthreeyears,theannualinterestrateof3.23%andtheduedateof14July2025.Notee:On8September2022,theCompanyissuedRMB600millionofprivateplacementcorporatebondswiththedurationofthreeyears,theannualinterestrateof3.30%andtheduedateof8September2025.Notef:On18October2022,theCompanyissuedRMB600millionofprivateplacementcorporatebondswiththedurationofthreeyears,theannualinterestrateof3.50%andtheduedateof18October2025.Note2:OCTGroupprovidedfull-amount,unconditionalandirrevocablejointandseveralliabilitiesguaranteefortheduepaymentofthepublicandprivateofferingofcorporatebonds.
38.Leaseliabilities
Item | Closingbalance | Openingbalance |
Leaseliabilities | 212,244,920.84 | 57,201,478.76 |
Less:Leaseliabilitiesduewithinoneyear(seeNoteVI-34) | 52,026,101.92 | 20,614,839.60 |
Total | 160,218,818.92 | 36,586,639.16 |
39.Long-termpayables
Item | Closingbalance | Openingbalance |
Accruedfinancingleaseoutlay | 6,823,209.13 | 152,547,691.61 |
Less:Unrecognisedfinancingexpenses | 545,824.62 | 5,370,013.73 |
Less:Amountduewithinoneyear(seeNoteVI-34) | 141,650.44 | 139,213,550.70 |
Total | 6,135,734.07 | 7,964,127.18 |
40.Long-termpayrollpayables
Item | Closingbalance | Openingbalance |
Terminationbenefits-netliabilitiesofdefinedcontributionplans | 4,718,466.37 | 4,894,209.73 |
Total | 4,718,466.37 | 4,894,209.73 |
41.Estimatedliabilities
Item | Closingbalance | Openingbalance | Cause(s) |
Pendinglitigation | 206,591.51 | 206,591.51 | |
Discardexpenses | 1,644,068.13 | 1,875,064.89 | |
Productqualityassurance | 101,726,574.07 | 74,590,486.63 | After-salesofhouseholdappliances |
Item | Closingbalance | Openingbalance | Cause(s) |
Performancecompensation | 200,942,606.09 | 82,723,436.52 | |
Total | 304,519,839.80 | 159,395,579.55 |
42.Deferredrevenue
(1)Categoryofdeferredincome
Item | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance | Cause(s) |
Governmentgrants | 334,844,966.31 | 142,412,107.74 | 52,121,836.15 | 425,135,237.90 | Relatedtoassets/income |
Total | 334,844,966.31 | 142,412,107.74 | 52,121,836.15 | 425,135,237.90 |
(2)Governmentsubsidyitems
Governmentsubsidyitems | Openingbalance | Subsidiesincreasedinthecurrentyear | Amountrecognisedasnon-operatingincomeinthecurrentyear | Amountrecognisedasotherincomeinthecurrentyear | Otherchanges | Closingbalance | Relatedtoassets/income |
Headquarters8Kdevice-sideR&DprojectofKonkaGroup | 23,800,000.00 | 1,375,077.60 | 22,424,922.40 | Relatedtoassets | |||
SubsidyforelectronicrelocationofAnhuiKonka | 13,085,700.00 | 10,000,000.00 | 3,085,700.00 | Relatedtoassets | |||
PlantconstructionsubsidyforYibinKonkaIndustrialPark | 105,864,968.77 | 2,319,532.32 | 103,545,436.45 | Relatedtoassets | |||
PlantdecorationsubsidyforYibinKonkaIndustrialPark | 11,513,723.80 | 1,439,215.44 | 10,074,508.36 | Relatedtoassets | |||
EquipmentsubsidyforKonkaXinyunSemiconductor(Yancheng) | 10,596,031.61 | 899,350.08 | 9,696,681.53 | Relatedtoincome |
Governmentsubsidyitems | Openingbalance | Subsidiesincreasedinthecurrentyear | Amountrecognisedasnon-operatingincomeinthecurrentyear | Amountrecognisedasotherincomeinthecurrentyear | Otherchanges | Closingbalance | Relatedtoassets/income |
ReturnedpaymentsforlandbyChongqingKonka | 18,327,272.79 | 392,727.24 | 17,934,545.55 | Relatedtoassets | |||
MedicalwastecentralisedtreatmentprojectinGaoxianCounty,YibinCity | 28,405,837.81 | 2,500,000.00 | 1,754,887.71 | 29,150,950.10 | Relatedtoassets | ||
Othergovernmentsubsidiesrelatedtoassets/income | 123,251,431.53 | 139,912,107.74 | 30,855,345.76 | 232,308,193.51 | Relatedtoassets/income | ||
Total | 334,844,966.31 | 142,412,107.74 | 49,036,136.15 | -3,085,700.00 | 425,135,237.90 |
43.Othernon-currentliabilities
Item | Closingbalance | Openingbalance |
Contractliabilitiesoveroneyear | 179,996,351.33 | 314,233,260.08 |
Total | 179,996,351.33 | 314,233,260.08 |
44.Sharecapital
Item | Openingbalance | Increase/decrease(+/-)inthecurrentyear | Closingbalance | ||||
Newsharesissued | Bonusissue | Bonusissuefromprofit | Others | Subtotal | |||
Totalshares | 2,407,945,408.00 | 2,407,945,408.00 |
45.Capitalreserves
Item | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance |
Othercapitalsurplus | 365,247,361.05 | 188,738,008.44 | 27,485,862.73 | 526,499,506.76 |
Total | 365,247,361.05 | 188,738,008.44 | 27,485,862.73 | 526,499,506.76 |
Note:CapitalsurplusfortheReportingPeriod--othercapitalsurplusincreaseanddecreaseduetothemainreasons:
a)TheassociatedenterpriseWuhanTianyuanEnvironmentalProtectionCo.,Ltd.issuednewsharesandconvertiblebonds,resultinginanincreaseinothercapitalsurplusofRMB127,671,222.93.b)ThefinancingandequityincentivesoftheassociatedenterpriseHefeiKONSEMIStorageTechnologyCo.,Ltd.resultedinanincreaseinothercapitalsurplusofRMB44,092,024.98.c)TheassociatedenterpriseShenzhenKangyingSemiconductorTechnologyCo.,Ltd.increasedcapitalandshares,resultinginanincreaseinothercapitalsurplusofRMB16,852,760.53.d)TheassociatedenterpriseGuangdongKangyuanSemiconductorCo.,Ltd.increasedcapitalandshares,resultinginanincreaseinothercapitalsurplusofRMB122,000.00.e)OthercapitalsurplusdecreasedbyRMB17,433,984.73asaresultofthedisposalofanassociate,GuangdongChutianDragonSmartCardCo.,Ltd.,andthechangeinitsaccountingmethod.Amongthem,othercapitalsurplusrecognizedundertheformerequitymethodofaccountingwastransferredoutwhentheequityinterestheldbyGuangdongChutianDragonSmartCardCo.,Ltd.waschangedfromequitymethodofaccountingtofinancialassetaccounting,resultinginadecreaseofothercapitalsurplusbyRMB13,777,882.20;andadecreaseofothercapitalsurplusbyRMB3,656,102.53duetothedisposalofequityinterestinGuangdongChutianDragonSmartCardCo.,Ltd..f)RepurchaseofequityinterestsforequityincentivebytheassociatedenterpriseChongqingE2infoTechnologyCo.,Ltd.resultedinadecreaseinothercapitalsurplusofRMB5,977,391.99.g)ThedecreaseincapitalsurplusandspecialreserveoftheassociatedenterpriseShandongEconTechnologyCo.,Ltd.resultedinadecreaseinothercapitalsurplusofRMB4,074,486.01.
46.Othercomprehensiveincome
Item | Beginningoftheyear | Amountincurredinthecurrentyear | Endoftheyear | |||||
Balance | Amountincurredbeforeincometaxinthecurrentyear | Less:AmountrecognisedasothercomprehensiveincomeinthepreviousperiodandtransferredtoprofitorlossintheReportingPeriod | Less:AmountrecognisedasothercomprehensiveincomeinthepreviousperiodandtransferredtoretainedearningsintheReportingPeriod | Less:Incometaxexpense | Attributabletotheparentcompanyaftertax | Attributabletominorityshareholdersaftertax | Balance | |
I.Othercomprehensiveincomethatcannotbereclassifiedasprofitsorlosses | -6,398,878.20 | -6,398,878.20 | ||||||
Changesinthefairvalueofotherequityinstrumentinvestments | -6,398,878.20 | -6,398,878.20 | ||||||
Others | ||||||||
II.Othercomprehensiveincomereclassifiedasprofitsandlosses | -7,866,303.43 | -84,979.37 | 821,623.19 | -906,602.56 | -7,044,680.24 | |||
Including:Othercomprehensiveincomethatcanbetransferredtoprofitsorlossesundertheequitymethod | -4,029,937.27 | -86,041.63 | -86,041.63 | -4,115,978.90 | ||||
Exchangedifferenceontranslatingforeignoperations | -3,836,366.16 | 1,062.26 | 907,664.82 | -906,602.56 | -2,928,701.34 | |||
Totalofothercomprehensiveincome | -14,265,181.63 | -84,979.37 | 821,623.19 | -906,602.56 | -13,443,558.44 |
47.Specialreserve
Item | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance |
Safetyproductionfund | 5,509,215.43 | 851,727.19 | 4,657,488.24 | |
Total | 5,509,215.43 | 851,727.19 | 4,657,488.24 |
48.Surplusreserves
Item | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance |
Statutorysurplusreserves | 1,005,961,774.19 | 1,005,961,774.19 | ||
Discretionarysurplusreserves | 238,218,590.05 | 238,218,590.05 | ||
Total | 1,244,180,364.24 | 1,244,180,364.24 |
49.Unappropriatedprofit
Item | Thecurrentyear | Lastyear |
Balanceasattheendoflastyear | 3,637,291,770.33 | 5,229,098,788.94 |
Add:Totalbeginningbalanceofretainedearningsbeforeadjustments | 1,060,258.69 | |
Including:Changesinaccountingpolicies | 1,060,258.69 | |
Openingbalanceofcurrentyear | 3,638,352,029.02 | 5,229,098,788.94 |
Add:Netprofitattributabletoownersoftheparentcompanyinthecurrentyear | -2,163,790,053.17 | -1,471,409,748.21 |
Less:Appropriationofstatutorysurplusreserves | ||
Ordinarysharedividendspayable | 120,397,270.40 | |
Closingbalanceofthecurrentyear | 1,474,561,975.85 | 3,637,291,770.33 |
50.Operatingrevenueandcostofsales
(1)Operatingincomeandoperatingcosts
Item | Amountincurredinthecurrentyear | Amountincurredlastyear | ||
Income | Cost | Income | Cost | |
Principalbusiness | 16,951,243,781.74 | 16,397,488,134.14 | 28,607,497,919.19 | 28,075,348,270.98 |
Other | 898,087,647.50 | 751,548,616.36 | 1,000,356,336.08 | 713,290,122.90 |
Item | Amountincurredinthecurrentyear | Amountincurredlastyear | ||
business | ||||
Total | 17,849,331,429.24 | 17,149,036,750.50 | 29,607,854,255.27 | 28,788,638,393.88 |
(2)Informationonthebreakdownofoperatingrevenueandcostofsales
Categoryofcontracts | Operatingincome | Operatingexpenses |
Businesstype | ||
Ofwhich:ColourTVbusiness | 4,708,450,488.99 | 4,756,604,973.05 |
Consumerappliancesbusiness | 4,257,423,386.71 | 3,790,414,584.40 |
Memorychiptradingandsemiconductorbusiness | 3,397,161,542.60 | 3,433,148,164.76 |
Environmentalprotectionandnewmaterialsbusiness | 1,145,732,124.31 | 1,134,022,493.39 |
PCBbusiness | 476,456,155.62 | 420,480,569.60 |
Otherbusiness | 3,864,107,731.01 | 3,614,365,965.30 |
Total | 17,849,331,429.24 | 17,149,036,750.50 |
Classifiedbyoperatingregion | ||
Ofwhich:Domestic | 10,716,944,822.00 | 10,283,636,801.86 |
Overseas | 7,132,386,607.24 | 6,865,399,948.64 |
Total | 17,849,331,429.24 | 17,149,036,750.50 |
Note:Accordingtotheadjustmentandoptimizationofourgroup'sbusinesslayout,thestoragechipprocessingtradeintheindustrialandtradebusinesswillbeadjustedtothestoragechiptradeandsemiconductorbusiness,andtheotherpartswillbemergedintoothers.
(3)Informationinrelationtothetradepriceapportionedtotheresidualcontract
performanceobligationTheamountofrevenuecorrespondingtoperformanceobligationsthathavebeencontractedbuthavenotyetbeenfulfilledorcompletedattheendoftheyearisRMB737,878,491.32,ofwhichRMB666,987,130.93isexpectedtoberecognisedasrevenuein2024,andtheremainingRMB70,891,360.39isexpectedtoberecognisedasrevenuein2025andfollowingyears.
51.Taxesandsurcharges
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Stampduty | 34,773,519.65 | 39,436,591.84 |
Landusetax | 20,537,445.82 | 27,096,008.05 |
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Propertytax | 31,766,475.03 | 25,401,754.51 |
Citymaintenance&constructiontax | 9,421,882.52 | 14,998,902.21 |
Educationalsurcharge | 4,271,078.25 | 6,410,329.82 |
Localeducationalsurcharge | 2,847,868.04 | 4,993,164.43 |
Waterresourcesfund | 935,650.62 | 590,860.27 |
Others | 934,120.54 | 412,208.88 |
Total | 105,488,040.47 | 119,339,820.01 |
52.Sellingexpenses
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Employeebenefits | 374,259,567.43 | 349,085,455.73 |
Advertisingexpense | 233,506,458.32 | 362,795,424.61 |
Warrantyfee | 167,413,447.59 | 162,483,458.52 |
Promotionalactivities | 144,332,006.20 | 132,984,672.13 |
LogisticFee | 78,886,050.69 | 76,005,945.85 |
Travelexpenses | 21,297,750.22 | 16,412,701.43 |
Leaseexpense | 12,330,023.91 | 20,000,782.87 |
Entertainmentfees | 12,054,482.82 | 12,319,781.49 |
Exhibitionexpenses | 18,344,007.57 | 3,049,900.87 |
Taxesandfund | 634,083.90 | 43,602,463.99 |
Others | 82,066,970.31 | 61,404,148.28 |
Total | 1,145,124,848.96 | 1,240,144,735.77 |
53.Administrationexpenses
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Employeebenefits | 442,241,850.70 | 536,410,042.48 |
Depreciationcharges | 221,920,806.29 | 181,356,034.20 |
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Intermediaryfees | 27,526,556.25 | 70,364,121.16 |
Travelexpenses | 11,896,505.16 | 11,799,889.35 |
Waterandelectricityexpenses | 9,399,817.49 | 15,251,139.78 |
Lossonscrapingofinventories | 2,768,674.29 | 5,066,889.35 |
Patentfee | 273,797.86 | 369,573.26 |
Others | 91,499,902.16 | 129,029,900.70 |
Total | 807,527,910.20 | 949,647,590.28 |
54.R&Dexpense
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Salary | 271,425,739.22 | 291,536,802.63 |
Depreciationandamortisationcharge | 109,324,146.88 | 76,242,059.21 |
Newproducttrialproductionexpense | 37,107,469.57 | 53,488,226.67 |
Materialexpense | 29,602,114.38 | 38,872,892.09 |
Commissionservicefee | 4,452,755.80 | 13,376,731.07 |
Testingexpense | 5,899,826.42 | 4,302,928.77 |
Informationusefee | 313,299.20 | 918,800.49 |
Others | 39,868,408.39 | 65,143,583.96 |
Total | 497,993,759.86 | 543,882,024.89 |
55.Financecosts
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Interestexpense | 884,535,066.01 | 913,721,408.10 |
Less:Interestincome | 286,969,209.86 | 237,115,652.09 |
Add:Exchangeloss | -72,904,637.81 | -198,292,207.05 |
Otherexpenses | 37,354,891.90 | 44,110,194.22 |
Total | 562,016,110.24 | 522,423,743.18 |
56.Otherincome
Resources | Amountincurredinthecurrentyear | Amountincurredlastyear |
Supportfunds | 147,251,929.00 | 695,511,711.98 |
Rewardsandsubsidies | 62,683,717.05 | 138,985,910.13 |
Transferofdeferredincome | 49,036,136.15 | 29,108,950.31 |
Softwaretaxrefund | 5,819,853.78 | 12,377,884.09 |
Postsubsidies | 3,523,345.06 | 5,205,565.67 |
SubsidiesforL/Cexports | 2,231,210.76 | 348,111.95 |
Taxrebatesandrefunds | 71,840.14 | 47,174,366.68 |
Total | 270,618,031.94 | 928,712,500.81 |
57.Investmentincome
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Returnsonlong-termequityinvestmentscalculatedbytheequitymethod | -170,413,352.22 | 123,392,731.97 |
Returnoninvestmentarisingfromthedisposaloflong-termequityinvestments | 195,999,095.98 | 509,249,136.96 |
Conversionoflong-termequityinvestmentsaccountedforbytheequitymethodtofinancialassets | 574,780,174.75 | |
Investmentincomearisingfromthedisposalofotherequityinstrumentsinvestments | 560,005.44 | |
Incomefromremeasurementofresidualstockrightsatfairvalueafterlosingcontrolpower | 51,474,909.15 | 239,092,139.68 |
Interestincomefromdebtinvestmentsduringtheholdingperiod | 56,292,758.87 | 69,651,317.87 |
Returnoninvestmentinthefinancialassetsheldfortradingduringtheholdingperiod | 9,383,976.00 | |
Incomefromthederecognitionoffinancialassetsatamortizedcost | -3,132,035.83 | |
Investmentincomefromdisposaloffinancialassetsatfairvaluethroughprofitorloss | -38,708,152.12 | -5,378,929.04 |
Others | -832,158.49 | |
Total | 675,405,221.53 | 936,006,397.44 |
58.Incomefromchangesinthefairvalue
Sourcesofincomefromchangesinthefairvalue | Amountincurredinthecurrentyear | Amountincurredlastyear |
Financialassetsatfairvaluethroughprofitorloss | -16,629,916.60 | 4,560,753.18 |
Estimatedperformancecompensation | -81,307,994.29 | -45,292,086.72 |
Total | -97,937,910.89 | -40,731,333.54 |
59.Creditimpairmentloss
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Baddebtlossofnotesreceivable | 6,971,440.21 | 4,405,405.84 |
Baddebtlossofaccountsreceivable | -209,233,746.63 | -437,154,564.05 |
Baddebtlossofotheraccountsreceivable | -254,340,694.42 | -517,135,861.32 |
Total | -456,603,000.84 | -949,885,019.53 |
60.Impairmentlossesonassets
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Inventorydepreciationlossandcontractperformancecostimpairmentloss | -371,733,599.86 | -156,563,428.63 |
Impairmentlossoflong-termequityinvestments | -106,783,838.90 | |
Impairmentlossofconstructioninprogress | -41,422,211.82 | -63,705,515.70 |
Impairmentlossonfixedassets | -40,607,700.40 | -71,089,375.71 |
Contractualassetimpairmentloss | -45,614.41 | |
Impairmentlossofintangibleassets | -4,037,532.29 | |
Total | -560,592,965.39 | -295,395,852.33 |
61.Impairmentlossesonassets("-"indicatesloss)
Item | Amountincurredinthecurrentyear | Amountincurredlastyear | Amountrecordedintothenon-recurringprofitorlossofcurrentyear |
Incomesfromdisposalofheld-for-saleassets | |||
Incomesfromdisposalofnon-currentassets | 54,321.20 | 9,580,708.29 | 54,321.20 |
Item | Amountincurredinthecurrentyear | Amountincurredlastyear | Amountrecordedintothenon-recurringprofitorlossofcurrentyear |
Including:incomesfromdisposalofnon-currentassetsnotclassifiedasheld-for-saleassets | 54,321.20 | 9,580,708.29 | |
Including:Fixedassetsdisposalincome | -8,803,043.13 | -2,675,226.73 | -8,803,043.13 |
Intangibleassetsdisposalincome | 8,559,461.64 | 12,241,030.45 | 8,559,461.64 |
Incomefromdisposalofconstructioninprogress | -321,592.91 | -321,592.91 | |
Right-of-useassetsdisposalincome | 619,495.60 | 14,904.57 | 619,495.60 |
Incomefromnon-monetaryassetsexchange | |||
Incomefromdisposalofnon-currentassetsindebtrestructuring | |||
Total | 54,321.20 | 9,580,708.29 | 54,321.20 |
62.Non-operatingincome
(1)ListofNon-operatingIncome
Item | Amountincurredinthecurrentyear | Amountincurredlastyear | Amountrecordedintothenon-recurringprofitorlossofcurrentyear |
Write-offofcurrentaccounts | 12,652,519.62 | 25,490,345.11 | 12,652,519.62 |
Compensationandpenaltyincome | 6,981,587.26 | 21,714,054.35 | 6,981,587.26 |
Non-currentassetsdamageandretirementgains | 15,390.13 | 917,512.09 | 15,390.13 |
Incomefromperformancecompensation | 72,653,782.00 | ||
Others | 6,613,575.48 | 4,363,348.45 | 6,613,575.48 |
Total | 26,263,072.49 | 125,139,042.00 | 26,263,072.49 |
(2)GovernmentsubsidiesrecordedinprofitorlossofthecurrentyearTheCompanyhadnogovernmentsubsidiesrecordedinprofitorlossinthecurrentyear
63.Non-operatingexpenses
Item | Amountofcurrentyear | Amountoflastyear | Amountrecordedintothenon-recurringprofitorlossofcurrentyear |
Performancecompensation | 74,344,977.85 | 37,431,349.80 | 74,344,977.85 |
Lossesondamageandscrapingofnon-currentassets | 4,072,756.52 | 3,340,817.47 | 4,072,756.52 |
Compensationexpense | 3,945,526.50 | 3,369,768.80 | 3,945,526.50 |
Unusuallossoninventory | 148,669,068.79 | ||
Others | 74,322,594.16 | 31,913,240.98 | 74,322,594.16 |
Total | 156,685,855.03 | 224,724,245.84 | 156,685,855.03 |
64.Incometaxexpense
(1)Incometaxexpense
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Incometaxexpenseinthecurrentyear | 58,328,317.21 | 155,149,364.07 |
Deferredincometaxexpense | -139,776,731.85 | -453,448,871.15 |
Total | -81,448,414.64 | -298,299,507.08 |
(2)Adjustmentprocessofaccountingprofitsandincometaxexpenses
Item | Amountincurredinthecurrentyear |
Totalconsolidatedprofitinthecurrentyear | -2,717,335,075.98 |
Incometaxexpensecalculatedatlegal/applicabletaxrate | -679,333,769.00 |
Impactofdifferenttaxratesappliedbysubsidiaries | 106,438,303.57 |
Impactofincometaxintheperiodsbeforeadjustment | -879,334.46 |
Impactofnon-taxableincome | 27,215,138.64 |
Impactsofnon-deductiblecosts,expenses,andlosses | 8,887,343.81 |
Impactofusingdeductiblelossesonthedeferredtaxassetsnotrecognisedpreviously | 126,332,523.09 |
Impactofdeductibletemporarydifferencesordeductiblelossesofdeferredtaxassetsnotrecognisedinthecurrentyear | 377,683,927.23 |
Changesinthebalanceofdeferredincometaxassets/liabilitiesinpreviousperiodduetoadjustmentoftaxrate | -73,940.46 |
Item | Amountincurredinthecurrentyear |
Others | -47,718,607.06 |
Incometaxexpense | -81,448,414.64 |
65.OthercomprehensiveincomeFordetails,pleasereferto"NoteVI-46Othercomprehensiveincome".
66.Itemsinthecashflowstatement
(1)Cashrelatedtooperatingactivities1)Othercashreceivedrelatedtooperatingactivities
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Incomefromgovernmentsubsidies | 362,725,223.50 | 1,022,967,081.76 |
Frontmoneyandguaranteedeposit | 392,830,280.36 | 259,156,351.64 |
Tradingfunds | 159,741,742.98 | 38,841,937.19 |
Interestincomefrombankdeposits | 116,327,870.24 | 81,268,409.97 |
Compensationandpenaltyincome | 20,504,317.63 | 13,515,680.81 |
Others | 39,760,244.28 | 181,337,565.76 |
Total | 1,091,889,678.99 | 1,597,087,027.13 |
2)Othercashpaidrelatedtooperatingactivities
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Cashpaymentfee | 898,328,046.30 | 1,284,221,978.23 |
Depositandmargin | 230,032,945.74 | 428,549,076.52 |
Paymentmadeonbehalf | 6,916,151.52 | 26,621,620.91 |
Expenseforbankhandlingcharges | 4,874,263.89 | 4,742,304.06 |
Others | 165,832,467.23 | 225,268,008.86 |
Total | 1,305,983,874.68 | 1,969,402,988.58 |
(2)Cashrelatedtoinvestmentactivities
1)Significantcashreceivedrelatedtoinvestmentactivities
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Recoveryofloanatcall | 473,934,626.67 | 3,860,647,680.07 |
Total | 473,934,626.67 | 3,860,647,680.07 |
2)Significantcashpaidrelatedtoinvestmentactivities
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Paymentofloanatcall | 310,116,949.03 | 479,034,898.06 |
Total | 310,116,949.03 | 479,034,898.06 |
3)Othercashreceivedrelatedtoinvestmentactivities
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Recoveryofloanatcall | 473,934,626.67 | 3,860,647,680.07 |
Cashreceivedfromacquisitionofsubsidiaries | 2,000.00 | |
Others | 209,995,119.36 | 127,885,628.35 |
Total | 683,929,746.03 | 3,988,535,308.42 |
4)Othercashpaidrelatedtoinvestmentactivities
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Paymentofloanatcall | 310,116,949.03 | 479,034,898.06 |
Cashpaidfordisposalofsubsidiaries | 840,192.20 | |
Others | 218,616,095.75 | 2,979,556.70 |
Total | 529,573,236.98 | 482,014,454.76 |
(3)Cashrelatedtofinancingactivities
1)Otherproceedsreceivedrelatedtofinancingactivities
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Recoveryofmargindepositpledged | 570,834,983.98 | 363,847,783.60 |
Receivingloanatcall | 167,370,200.00 | 161,410,093.19 |
Others | 28,100.03 |
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Total | 738,205,183.98 | 525,285,976.82 |
2)Othercashpaidrelatedtofinancingactivities
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Depositasmarginforpledge | 773,184,328.31 | 378,218,165.91 |
Cashpaidforleases | 145,535,542.98 | 299,950,091.11 |
Retuningloanatcall | 79,183,194.53 | 142,068,831.60 |
Financingcost | 32,222,659.12 | 37,111,326.66 |
Others | 6,192,899.46 | 1,816,055.32 |
Total | 1,036,318,624.40 | 859,164,470.60 |
3)Changesinliabilitiesarisingfromfinancingactivities
Item | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance | ||
Cashchanges | Non-cashchanges | Cashchanges | Non-cashchanges | |||
Non-currentliabilitiesduewithinoneyear | 409,220,030.69 | 5,312,118,620.81 | 384,295,482.65 | 22,895,772.49 | 5,314,147,396.36 | |
Short-termloans | 7,579,559,304.97 | 7,068,722,590.74 | 246,534,117.28 | 8,490,272,406.79 | 13,951,549.93 | 6,390,592,056.27 |
Long-termloans | 8,906,931,402.89 | 3,881,307,916.00 | 421,767,241.00 | 2,539,449,257.46 | 2,891,407,222.55 | 7,779,150,079.88 |
Bondspayable | 4,792,392,044.13 | 180,932,955.99 | 175,760,000.00 | 2,370,572,421.45 | 2,426,992,578.67 | |
Leaseliabilities | 36,586,639.16 | 206,391,170.31 | 7,495,510.95 | 75,263,479.60 | 160,218,818.92 | |
Long-termpayables | 7,964,127.18 | 377,045.54 | 1,326,996.00 | 878,442.65 | 6,135,734.07 | |
Total | 21,732,653,549.02 | 10,950,030,506.74 | 6,368,121,150.93 | 11,598,599,653.85 | 5,374,968,888.67 | 22,077,236,664.17 |
(4)NotestothepresentationofcashflowsonanetbasisNocashflowswerepresentedonanetbasisinthecurrentyear.
(5)Significantactivitiesandfinancialeffectsthatdonotinvolvecurrentcashreceipts
andpaymentsbutaffectthefinancialpositionoftheenterpriseormayaffecttheenterprise'scashflowsinthefuture
Item | Amountincurredinthecurrentyear |
Paymentformaterialsmadebyendorsementofnotesreceivable | 1,823,500,934.62 |
Acquisitionoflong-termassetsbyendorsementofnotesreceivable | 95,233,307.89 |
Otherpaymentsmadebyendorsementofnotesreceivable | 158,839,883.66 |
67.Supplementarydataonthestatementsofcashflows
(1)Supplementarydataonthestatementsofcashflows
Item | Amountofcurrentyear | Amountoflastyear |
1.Reconciliationofnetprofittocashflowsfromoperatingactivities: | — | - |
Netprofit | -2,635,886,661.34 | -1,769,220,348.36 |
Add:Provisionforassetimpairment | 560,592,965.39 | 295,395,852.33 |
Creditimpairmentloss | 456,603,000.84 | 949,885,019.53 |
Depreciationoffixedassets,depletionofoilandgasassets,anddepreciationofproductivebiologicalassets | 450,848,329.23 | 396,581,885.62 |
Depreciationofright-of-useassets | 42,868,891.40 | 46,766,548.09 |
Amortisationofintangibleassets | 47,675,317.23 | 49,235,482.54 |
Amortisationoflong-termprepaidexpense | 127,376,763.41 | 113,357,073.06 |
Lossesondisposaloffixedassets,intangibleassetsandotherlong-livedassets(""indicatesincome) | -54,321.20 | -9,580,708.29 |
Lossesonscrapoffixedassets(""indicatesincome) | 65,989,435.90 | 2,423,305.38 |
Lossesonchangesinfairvalue(""indicatesincome) | 97,937,910.89 | 40,731,333.54 |
Financecosts(""indicatesincome) | 723,081,917.40 | 796,256,399.85 |
Investmentloss(""indicatesincome) | -675,405,221.53 | -936,006,397.44 |
Decreaseindeferredincometaxassets(""indicatesincrease) | -229,384,248.41 | -464,095,009.37 |
Item | Amountofcurrentyear | Amountoflastyear |
Increaseindeferredincometaxliabilities(""indicatesdecrease) | 89,598,866.96 | 10,634,827.21 |
Decreaseininventories(""indicatesincrease) | 772,941,542.37 | -509,708,316.12 |
Decreaseinaccountsreceivablegeneratedfromoperatingactivities(""indicatesincrease) | 879,334,900.88 | 1,536,953,154.05 |
Increaseinaccountspayableusedinoperatingactivities(""indicatesdecrease) | -171,981,975.37 | -1,048,804,193.14 |
Others | -49,036,136.15 | -29,108,950.31 |
Netcashflowsfromoperatingactivities | 553,101,277.90 | -528,303,041.83 |
2.Significantinvestmentandfinancingactivitiesnotinvolvingcash | ||
Conversionofliabilitiesintocapital | ||
Convertiblecorporatebondsduewithinoneyear | ||
Fixedassetsacquiredunderfinanceleases | ||
3.Netchangesincashandcashequivalents: | ||
Balanceofcashattheendoftheyear | 5,674,784,349.55 | 5,461,912,010.90 |
Less:Openingbalanceofcash | 5,461,912,010.90 | 5,968,347,219.03 |
Add:Closingbalanceofcashequivalents | ||
Less:Openingbalanceofcashequivalents | ||
Netincreaseincashandcashequivalents | 212,872,338.65 | -506,435,208.13 |
(2)NetcashpaidfortheacquisitionofsubsidiariesinthecurrentyearNetcashwaspaidfortheacquisitionofsubsidiariesinthecurrentyear.
(3)Netcashreceivedforthedisposalofsubsidiariesinthecurrentyear
Item | Amount |
Cashorcashequivalentsreceivedinthecurrentyearfromthedisposalofsubsidiariesinthecurrentyear | 196,815,840.00 |
Including:GuizhouKangguiEnergyCo.,Ltd. | 9,500,000.00 |
Kanghong(Yantai)EnvironmentalProtectionTechnologyCo.,Ltd. | 1,091,900.00 |
ChongqingKangxingruiEnvironmentalProtectionTechnologyCo.,Ltd. | 40,308,400.00 |
Item | Amount |
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | 20,855,540.00 |
YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. | 52,460,000.00 |
ZhongshanKanghongElectronicTechnologyCo.,Ltd. | 72,600,000.00 |
Less:Cashandcashequivalentsheldbysubsidiariesonthedaywhencontrolislost | 31,692,957.22 |
Including:GuizhouKangguiEnergyCo.,Ltd. | |
Kanghong(Yantai)EnvironmentalProtectionTechnologyCo.,Ltd. | 1,932,092.20 |
ChongqingKangxingruiEnvironmentalProtectionTechnologyCo.,Ltd. | 26,937,835.64 |
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | 2,036,650.33 |
YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. | 786,379.05 |
ZhongshanKanghongElectronicTechnologyCo.,Ltd. | |
Add:Cashorcashequivalentsreceivedinthecurrentyearfromthedisposalofsubsidiariesinpreviousperiods | |
Including: | |
Netcashreceivedfromthedisposalofsubsidiaries | 165,122,882.78 |
(4)Compositionofcashandcashequivalents
Item | Closingbalance | Openingbalance |
Cash | 5,674,784,349.55 | 5,461,912,010.90 |
Including:Cashonhand | 469.28 | 14.78 |
Bankdepositsavailableforpaymentatanytime | 5,672,034,875.67 | 5,459,401,175.52 |
Othermonetaryfundsavailableforpaymentatanytime | 2,749,004.60 | 2,510,820.60 |
Balanceofcashandcashequivalentsattheendoftheyear | 5,674,784,349.55 | 5,461,912,010.90 |
(5)Presentationofcashandcashequivalentswithrestricteduse
Item | Amountofcurrentyear | Amountoflastyear | Reasonsforclassifyingthefundsascashandcashequivalents |
Item | Amountofcurrentyear | Amountoflastyear | Reasonsforclassifyingthefundsascashandcashequivalents |
Projectloanproceeds | 2,554,356.19 | Theproceedscanbeusedatanytimetomakepayments,andsuchpaymentscanonlybemadeforprojects | |
Projectpre-salefunds | 40,951,191.37 | Theproceedscanbeusedatanytimetomakepayments,andsuchpaymentscanonlybemadeforprojects | |
Total | 43,505,547.56 | - |
(6)Monetaryfundsnotclassifiedascashandcashequivalents
Item | Amountofcurrentyear | Amountoflastyear | Reasonsfornotclassifyingthefundsascashandcashequivalents |
Cashdeposit | 384,011,696.60 | 435,167,024.52 | Itispledgedforborrowingordepositforissuanceofbankeracceptance |
Timedeposits | 226,611,500.00 | 69,800,000.00 | Themanagementintendstoholdthedepositstomaturity |
Frozenfunds | 220,952,030.87 | 21,216,455.29 | Notreadilyavailableforpayment |
Total | 831,575,227.47 | 526,183,479.81 | - |
68.ItemsintheStatementofChangesinShareholders'EquityNo"other"amountintheclosingamountoflastyearwasadjustedinthecurrentyear.
69.Foreigncurrencymonetaryitems
(1)Foreigncurrencymonetaryitems
Item | Year-endforeigncurrencybalance | Exchangerate | Year-endbalancedenominatedinRMB |
Monetaryassets | |||
Including:USD | 91,184,116.43 | 7.08270 | 645,829,741.44 |
EUR | 354,034.80 | 7.85920 | 2,782,430.30 |
EGP | 60,588,354.86 | 0.22903 | 13,876,550.91 |
GBP | 1.32 | 9.04110 | 11.93 |
HKD | 9,020,139.65 | 0.90622 | 8,174,230.95 |
CAD | 6.96 | 5.36730 | 37.36 |
Item | Year-endforeigncurrencybalance | Exchangerate | Year-endbalancedenominatedinRMB |
PLN | 6,235,024.89 | 1.81068 | 11,289,634.87 |
Accountsreceivable | |||
Including:USD | 85,032,871.75 | 7.08270 | 602,262,320.74 |
EUR | 92,742.00 | 7.85920 | 728,877.93 |
EGP | 64,711.11 | 0.22903 | 14,820.79 |
HKD | 54,244,812.62 | 0.90622 | 49,157,734.09 |
AUD | 49,764.00 | 4.84840 | 241,275.78 |
Otheraccountsreceivable | |||
Including:USD | 110,836,591.33 | 7.08270 | 785,022,325.41 |
EGP | 108,000.00 | 0.22903 | 24,735.24 |
HKD | 814,032.70 | 0.90622 | 737,692.71 |
JPY | 21,400,000.00 | 0.05021 | 1,074,558.20 |
Accountspayable | |||
Including:USD | 4,828,295.25 | 7.08270 | 34,197,366.77 |
EUR | 12,698.28 | 7.85920 | 99,798.32 |
EGP | 44,517,982.34 | 0.22903 | 10,195,953.50 |
HKD | 68,208,818.14 | 0.90622 | 61,812,195.17 |
Otherpayables | |||
Including:USD | 3,453,133.32 | 7.08270 | 24,457,507.37 |
EUR | 150,799.56 | 7.85920 | 1,185,163.90 |
EGP | 911,520.00 | 0.22903 | 208,765.43 |
HKD | 5,056,341.30 | 0.90622 | 4,582,157.61 |
(2)OverseasentitiesThesignificantoverseasentitiesincludeHongdinTrading,HongKongKonka,ChainKingdomMemoryTechnologies,Kangjietong,JialiInternational,andKowinMemory(HongKong).ThemainoverseasoperatingplaceisHongKong.TheCompany'srecordingcurrencyisHKDsincethemaincurrencyincirculationinHongKongisHKD.
VII.R&Dexpenditures
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Salary | 271,425,739.22 | 291,536,802.63 |
Depreciationandamortisationcharge | 109,324,146.88 | 76,242,059.21 |
Newproducttrialproductionexpense | 37,107,469.57 | 53,488,226.67 |
Materialexpense | 29,602,114.38 | 38,872,892.09 |
Commissionservicefee | 4,452,755.80 | 13,376,731.07 |
Testingexpense | 5,899,826.42 | 4,302,928.77 |
Informationusefee | 313,299.20 | 918,800.49 |
Others | 39,868,408.39 | 65,143,583.96 |
Total | 497,993,759.86 | 543,882,024.89 |
Including:ExpensedR&Dexpenditure | 497,993,759.86 | 543,882,024.89 |
CapitalisedR&Dexpenditure |
VIII.ChangesintheScopeofConsolidation
1.CombinationsofbusinessesnotundercommoncontrolTheCompanyhadnocombinationsofbusinessesnotundercommoncontrolintheReportingPeriod.
2.CombinationsofbusinessesundercommoncontrolTheCompanyhadnocombinationsofbusinessesundercommoncontrolintheReportingPeriod.
3.Disposalofsubsidiaries
Unit:RMB10,000
Subsidiary | Disposalpriceatcontrolrightlosingtimepoint | Proportionofdisposalsatcontrolrightlosingtimepoint(%) | Disposalmethodatcontrolrightlosingtimepoint | Controlrightlosingtimepoint | Basisfordeterminingcontrolrightlosingtimepoint | Differencebetweenthedisposalpriceandtheattributableshareofnetassetsofthesubsidiaryatthelevelofconsolidatedfinancialstatementscorrespondingtotheinvestmentdisposal | Remainingequitypercentageonthedaywhenthecontrolrightislost(%) | Carryingvalueofremainingequityattheleveloftheconsolidatedfinancialstatementsonthedaywhenthecontrolrightislost | Fairvalueofremainingequityattheleveloftheconsolidatedfinancialstatementsonthedaywhenthecontrolrightislost | Gainsorlossesfromre-measurementofremainingequityatfairvalue | Recognitionmethodandmajorassumptionsoffairvalueofremainingequityattheleveloftheconsolidatedfinancialstatementsonthedaywhenthecontrolrightislost | Amountofothercomprehensiveincomerelatedtotheequityinvestmentsofformersubsidiariestransferredintoinvestmentprofitorloss |
ZhongshanKanghong | 7,260.00 | 100.00 | Transfer | 19December2023 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 4.80 | Evaluatedprice | |||||
GuizhouKangguiEnergy | 950.00 | 100.00 | Transfer | 25December2023 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 97.49 | Evaluatedprice |
Subsidiary | Disposalpriceatcontrolrightlosingtimepoint | Proportionofdisposalsatcontrolrightlosingtimepoint(%) | Disposalmethodatcontrolrightlosingtimepoint | Controlrightlosingtimepoint | Basisfordeterminingcontrolrightlosingtimepoint | Differencebetweenthedisposalpriceandtheattributableshareofnetassetsofthesubsidiaryatthelevelofconsolidatedfinancialstatementscorrespondingtotheinvestmentdisposal | Remainingequitypercentageonthedaywhenthecontrolrightislost(%) | Carryingvalueofremainingequityattheleveloftheconsolidatedfinancialstatementsonthedaywhenthecontrolrightislost | Fairvalueofremainingequityattheleveloftheconsolidatedfinancialstatementsonthedaywhenthecontrolrightislost | Gainsorlossesfromre-measurementofremainingequityatfairvalue | Recognitionmethodandmajorassumptionsoffairvalueofremainingequityattheleveloftheconsolidatedfinancialstatementsonthedaywhenthecontrolrightislost | Amountofothercomprehensiveincomerelatedtotheequityinvestmentsofformersubsidiariestransferredintoinvestmentprofitorloss |
Kanghong(Yantai)EnvironmentalProtection | 109.19 | 51.00 | Transfer | 28December2023 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 6.50 | Evaluatedprice | |||||
ChongqingKangxingrui | 4,030.84 | 51.00 | Transfer | 5December2023 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 38.84 | Evaluatedprice |
Subsidiary | Disposalpriceatcontrolrightlosingtimepoint | Proportionofdisposalsatcontrolrightlosingtimepoint(%) | Disposalmethodatcontrolrightlosingtimepoint | Controlrightlosingtimepoint | Basisfordeterminingcontrolrightlosingtimepoint | Differencebetweenthedisposalpriceandtheattributableshareofnetassetsofthesubsidiaryatthelevelofconsolidatedfinancialstatementscorrespondingtotheinvestmentdisposal | Remainingequitypercentageonthedaywhenthecontrolrightislost(%) | Carryingvalueofremainingequityattheleveloftheconsolidatedfinancialstatementsonthedaywhenthecontrolrightislost | Fairvalueofremainingequityattheleveloftheconsolidatedfinancialstatementsonthedaywhenthecontrolrightislost | Gainsorlossesfromre-measurementofremainingequityatfairvalue | Recognitionmethodandmajorassumptionsoffairvalueofremainingequityattheleveloftheconsolidatedfinancialstatementsonthedaywhenthecontrolrightislost | Amountofothercomprehensiveincomerelatedtotheequityinvestmentsofformersubsidiariestransferredintoinvestmentprofitorloss |
YibinKangrunEnvironmentalProtection | 5,246.00 | 40.87 | Transfer | 27November2023 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 610.00 | Evaluatedprice | |||||
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | 3,472.00 | 31.00 | Transfer | 27February2023 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 3,256.58 | 49.00 | 340.51 | 5,488.00 | 5,147.49 | Evaluatedprice |
4.Changesinthescopeofconsolidationduetootherreasons
(1)SubsidiariesestablishedinthecurrentyearNosubsidiarieswereestablishedinthecurrentyear.
(2)Subsidiariescancelledinthecurrentyear
Subsidiary | Registeredcapital(RMB'0,000) | Shareholdingpercentage(%) | Liquidationcompletiontime |
AnhuiZhilian | 5,000.00 | 100.00 | 1June2023 |
JiangsuKonkaSpecialMaterial | 10,000.00 | 51.00 | 8October2023 |
IX.Interestsinotherentities
1.Interestsinsubsidiaries
(1)Compositionofthebusinessgroup
No. | Subsidiary | Mainplaceofbusiness | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Acquisitionmethod | |
Direct | Indirect | ||||||
1 | KonkaVentures | Guangdong,Shenzhen | Guangdong,Shenzhen | Enterprisemanagementconsulting,incubationmanagement,housingleasing,etc. | 51 | Establishmentorinvestment | |
2 | YantaiKonka | Shandong,Yantai | Shandong,Yantai | Otherprofessionalconsultationandinvestigation | 51 | Establishmentorinvestment | |
3 | Chengdu,Anren | Sichuan,Chengdu | Sichuan,Chengdu | Enterpriseincubationmanagement | 51 | Establishmentorinvestment | |
4 | KonkaEnterpriseService | Guizhou,Guiyang | Guizhou,Guiyang | Enterprisemanagementconsulting | 51 | Establishmentorinvestment | |
5 | YibinKonkaIncubator | Sichuan,Yibin | Sichuan,Yibin | Commercialservices | 51 | Establishmentorinvestment | |
6 | AnhuiKonka | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturing | 78 | Establishmentorinvestment | |
7 | KangzhiTrade | Anhui,Chuzhou | Anhui,Chuzhou | Wholesale | 78 | Establishmentorinvestment | |
8 | KonkaElectronicMaterials | Guangdong,Shenzhen | Guangdong,Shenzhen | Otherscienceandtechnologypromotionservices | 100 | Establishmentorinvestment | |
9 | KonkaUnifortune | Guangdong,Shenzhen | Guangdong,Shenzhen | Tradeandservices | 51 | Establishmentorinvestment | |
10 | JialiInternational | China,HongKong | China,HongKong | Tradeandservices | 51 | Establishmentorinvestment | |
11 | Wankaida | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwaredevelopment | 100 | Establishmentorinvestment |
No. | Subsidiary | Mainplaceofbusiness | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Acquisitionmethod | |
Direct | Indirect | ||||||
12 | DongguanKonka | Guangdong,Dongguan | Guangdong,Dongguan | Manufacturing | 75 | 25 | Establishmentorinvestment |
13 | SuiningKonkaSmart | Sichuan,Suining | Sichuan,Suining | Wholesale | 100 | Establishmentorinvestment | |
14 | KonkaEurope | Germany,Frankfurt | Germany,Frankfurt | Internationaltrade | 100 | Establishmentorinvestment | |
15 | TelecommunicationTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Manufacturing | 75 | 25 | Establishmentorinvestment |
16 | KonkaMobility | China,HongKong | China,HongKong | Commerce | 100 | Establishmentorinvestment | |
17 | MobileInterconnection | Guangdong,Shenzhen | Guangdong,Shenzhen | Commerce | 100 | Establishmentorinvestment | |
18 | SichuanKonka | Sichuan,Yibin | Sichuan,Yibin | Manufacturing | 100 | Establishmentorinvestment | |
19 | YibinSmart | Sichuan,Yibin | Sichuan,Yibin | Manufacturing | 100 | Establishmentorinvestment | |
20 | AnhuiTongchuang | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturing | 100 | Establishmentorinvestment | |
21 | AnhuiElectricalAppliance | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturing | 51 | Establishmentorinvestment | |
22 | FrestecRefrigeration | Henan,Xinxiang | Henan,Xinxiang | Manufacturing | 51 | Establishmentorinvestment | |
23 | FrestecSmartHome | Henan,Xinxiang | Henan,Xinxiang | Manufacturing | 51 | Establishmentorinvestment | |
24 | FrestecElectricalAppliances | Henan,Xinxiang | Henan,Xinxiang | Manufacturing | 51 | Establishmentorinvestment |
No. | Subsidiary | Mainplaceofbusiness | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Acquisitionmethod | |
Direct | Indirect | ||||||
25 | FrestecHouseholdAppliances | Henan,Xinxiang | Henan,Xinxiang | Manufacturing | 51 | Establishmentorinvestment | |
26 | JiangsuKonkaSmart | Jiangsu,Changzhou | Jiangsu,Changzhou | Manufacturing | 51 | Establishmentorinvestment | |
27 | Kangjiatong | Sichuan,Yibin | Sichuan,Yibin | Tradeandservices | 100 | Establishmentorinvestment | |
28 | PengrunTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Tradeandservices | 51 | Establishmentorinvestment | |
29 | JiaxinTechnology | China,HongKong | China,HongKong | Tradeandservices | 51 | Establishmentorinvestment | |
30 | BeijingKonkaElectronic | Beijing | Beijing | Saleofhomeappliance | 100 | Establishmentorinvestment | |
31 | TianjinKonka | TianjinPilotFreeTradeZone | TianjinPilotFreeTradeZone | ServiceIndustry | 100 | Establishmentorinvestment | |
32 | KonkaCircuit | Guangdong,Shenzhen | Guangdong,Shenzhen | Manufacturing | 100 | Establishmentorinvestment | |
33 | BoluoPrecision | Guangdong,Boluo | Guangdong,Boluo | Manufacturing | 100 | Establishmentorinvestment | |
34 | BoluoKonka | Guangdong,Boluo | Guangdong,Boluo | Manufacturing | 100 | Establishmentorinvestment | |
35 | HongKongKonka | China,HongKong | China,HongKong | Internationaltrade | 100 | Establishmentorinvestment | |
36 | HongdinInvest | China,HongKong | China,HongKong | Investmentholding | 100 | Establishmentorinvestment | |
37 | ChainKingdomMemoryTechnologies | China,HongKong | China,HongKong | Internationaltrade | 51 | Establishmentorinvestment |
No. | Subsidiary | Mainplaceofbusiness | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Acquisitionmethod | |
Direct | Indirect | ||||||
38 | ZhongkangSemiconductor(Shaoxing) | Zhejiang,Shaoxing | Zhejiang,Shaoxing | Tradeandservices | 51 | Establishmentorinvestment | |
39 | Hongjet | China,HongKong | China,HongKong | Tradeandservices | 51 | Establishmentorinvestment | |
40 | HongdinTrading | China,HongKong | China,HongKong | Internationaltrade | 100 | Establishmentorinvestment | |
41 | KanghaoTechnology | Egypt,Cairo | Egypt,Cairo | Internationaltrade | 67 | Establishmentorinvestment | |
42 | KonkaNorthAmerica | America,California | America,California | Internationaltrade | 100 | Establishmentorinvestment | |
43 | KonkaInvestment | Guangdong,Shenzhen | Guangdong,Shenzhen | Capitalmarketservices | 100 | Establishmentorinvestment | |
44 | YibinKonkaTechnologyPark | Sichuan,Yibin | Sichuan,Yibin | Industrialparkdevelopmentandoperationmanagement | 100 | Establishmentorinvestment | |
45 | KonkaCapital | Guangdong,Shenzhen | Guangdong,Shenzhen | Capitalmarketservices | 100 | Establishmentorinvestment | |
46 | KonkaSuiyong | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 51 | Establishmentorinvestment | |
47 | ShengxingIndustrial | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 51 | Establishmentorinvestment | |
48 | ZhitongTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwareandinformationtechnologyservices | 51 | Establishmentorinvestment | |
49 | ElectronicsTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Manufacturing | 100 | Establishmentorinvestment | |
50 | ShenzhenKangcheng | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwareandinformationtechnologyservices | 100 | Establishmentorinvestment |
No. | Subsidiary | Mainplaceofbusiness | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Acquisitionmethod | |
Direct | Indirect | ||||||
51 | XiaojiaTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Retailtrade | 100 | Establishmentorinvestment | |
52 | HaimenKonka | Jiangsu,Nantong | Jiangsu,Nantong | Tradeandservices | 100 | Establishmentorinvestment | |
53 | ChengduKonkaSmart | Sichuan,Chengdu | Sichuan,Chengdu | Tradeandservices | 100 | Establishmentorinvestment | |
54 | ChengduKonkaElectronic | Sichuan,Chengdu | Sichuan,Chengdu | Manufacturing | 100 | Establishmentorinvestment | |
55 | XingDaHongYe | Guangdong,Zhongshan | Guangdong,Zhongshan | Manufacturing | 51 | Establishmentorinvestment | |
56 | LiaoyangKangshunSmart | Liaoning,Liaoyang | Liaoning,Liaoyang | Wholesale | 100 | Establishmentorinvestment | |
57 | LiaoyangKangshunRenewable | Liaoning,Liaoyang | Liaoning,Liaoyang | Comprehensiveutilisationofrenewableresources | 100 | Establishmentorinvestment | |
58 | NanjingKonka | Jiangsu,Nanjing | Jiangsu,Nanjing | Wholesale | 100 | Establishmentorinvestment | |
59 | KonkaHuanjia | Liaoning,Dalian | Liaoning,Dalian | Renewableresourcesprocessingtrade | 51 | Establishmentorinvestment | |
60 | KonkaHuanjia(Henan) | Henan,Lankao | Henan,Lankao | Renewableresourcesprocessingtrade | 51 | Establishmentorinvestment | |
61 | ShanghaiKonka | Shanghai | Shanghai | Realestate | 100 | Establishmentorinvestment | |
62 | YantaiKangjin | Shandong,Yantai | Shandong,Yantai | Realestate | 62.8 | Establishmentorinvestment | |
63 | JiangxiKonka | Jiangxi,Jiujiang | Jiangxi,Jiujiang | Manufacturingandprocessing | 51 | Establishmentorinvestment |
No. | Subsidiary | Mainplaceofbusiness | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Acquisitionmethod | |
Direct | Indirect | ||||||
64 | XinfengMicrocrystalline | Jiangxi,Nanchang | Jiangxi,Nanchang | Manufacturingandprocessing | 51 | Establishmentorinvestment | |
65 | ShenzhenNianhua | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 100 | Establishmentorinvestment | |
66 | ShenzhenKONSEMI | Guangdong,Shenzhen | Guangdong,Shenzhen | Semiconductors | 100 | Establishmentorinvestment | |
67 | ChongqingKonka | Chongqing | Chongqing | Softwareandinformationtechnologyservices | 100 | Establishmentorinvestment | |
68 | KonkaEco-Development | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 51 | Establishmentorinvestment | |
69 | SuiningKonkaIndustrialPark | Sichuan,Suining | Sichuan,Suining | Industrialparkdevelopmentandoperationmanagement | 100 | Establishmentorinvestment | |
70 | KonkaRonghe | Zhejiang,Jiaxing | Zhejiang,Jiaxing | Wholesaleandretailtrade | 51 | Establishmentorinvestment | |
71 | SuiningElectronicTechnologicalInnovation | Sichuan,Suining | Sichuan,Suining | Commercialservices | 100 | Establishmentorinvestment | |
72 | ShenzhenChuangzhiElectricalAppliances | Guangdong,Shenzhen | Guangdong,Shenzhen | Wholesale | 100 | Establishmentorinvestment | |
73 | ChongqingKonkaOptoelectronicTechnology | Chongqing | Chongqing | Research&experimentdevelopment | 70 | 5 | Establishmentorinvestment |
74 | KowinMemory(Shenzhen) | Guangdong,Shenzhen | Guangdong,Shenzhen | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
75 | KonkaXinyunSemiconductor | Jiangsu,Yancheng | Jiangsu,Yancheng | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
76 | Jiangkang(Shanghai)Technology | Shanghai | Shanghai | Research&experimentdevelopment | 51 | Establishmentorinvestment |
No. | Subsidiary | Mainplaceofbusiness | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Acquisitionmethod | |
Direct | Indirect | ||||||
77 | NingboKanghrElectricalAppliance | Zhejiang,Ningbo | Zhejiang,Ningbo | Electricalmachineryandequipmentmanufacturing | 60 | Establishmentorinvestment | |
78 | KonkaIntelligentManufacturing | Guangdong,Shenzhen | Guangdong,Shenzhen | Research&experimentdevelopment | 51 | Establishmentorinvestment | |
79 | SuiningJiarunProperty | Sichuan,Suining | Sichuan,Suining | Realestate | 100 | Establishmentorinvestment | |
80 | YibinKangrun | Sichuan,Yibin | Sichuan,Yibin | Ecologicalprotectionandenvironmentalgovernanceservices | 67 | Establishmentorinvestment | |
81 | HainanKonkaMaterialTechnology | Hainan,Haikou | Hainan,Haikou | Commercialservices | 100 | Establishmentorinvestment | |
82 | JiangxiHighTransparentSubstrate | Jiangxi,Jiujiang | Jiangxi,Jiujiang | Manufacturingandprocessing | 51 | Establishmentorinvestment | |
83 | NantongHongdin | Jiangsu,Nantong | Jiangsu,Nantong | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
84 | ChuzhouKonka | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturing | 94.9 | Establishmentorinvestment | |
85 | KonkaSoftElectronic | Sichuan,Suining | Sichuan,Suining | Manufacturing | 97.5 | Establishmentorinvestment | |
86 | KonkaHongyeElectronics | Sichuan,Suining | Sichuan,Suining | Manufacturing | 95.05 | Establishmentorinvestment | |
87 | KowinMemory(HongKong) | China,HongKong | China,HongKong | Wholesaleofcomputers,softwareandauxiliaryequipment | 100 | Establishmentorinvestment | |
88 | KonkaCross-border(Hebei) | Hebei,Handan | Hebei,Handan | Wholesale | 100 | Establishmentorinvestment | |
89 | KonkaHuazhong | Hunan,Changsha | Hunan,Changsha | Commercialservices | 100 | Establishmentorinvestment |
No. | Subsidiary | Mainplaceofbusiness | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Acquisitionmethod | |
Direct | Indirect | ||||||
90 | YibinKangrunMedical | Sichuan,Yibin | Sichuan,Yibin | Ecologicalprotectionandenvironmentalgovernanceservices | 63.65 | Establishmentorinvestment | |
91 | ShanxiKonkaIntelligent | Shanxi,Xi'an | Shanxi,Xi'an | Manufactureofhouseholdcleaningandsanitaryelectricalappliances | 51 | Establishmentorinvestment | |
92 | ChongqingXinyuanSemiconductor | Chongqing | Chongqing | Scienceandtechnologypromotionandapplicationservices | 75 | Establishmentorinvestment | |
93 | AnluKonka | Hubei,Anlu | Hubei,Anlu | Softwareandinformationtechnologyservices | 100 | Establishmentorinvestment | |
94 | KanghongDongsheng | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 95.09 | Establishmentorinvestment | |
95 | GuizhouKonkaNewMaterialTechnology | Guizhou,QiannanBuyiandMiaoAutonomousPrefecture | Guizhou,QiannanBuyiandMiaoAutonomousPrefecture | Manufacturingandprocessing | 51 | Establishmentorinvestment | |
96 | GuangdongXinwei | Guangdong,Lvfeng | Guangdong,Lvfeng | Semiconductors | 100 | Establishmentorinvestment | |
97 | GuizhouKangguiMaterialTechnology | Guizhou,QiannanBuyiandMiaoAutonomousPrefecture | Guizhou,QiannanBuyiandMiaoAutonomousPrefecture | Manufacturingandprocessing | 70 | Establishmentorinvestment | |
98 | NantongKanghai | Jiangsu,Nantong | Jiangsu,Nantong | Realestate | 51 | Establishmentorinvestment | |
99 | ChongqingKangyiyun | Chongqing | Chongqing | Realestate | 80 | Establishmentorinvestment | |
100 | JiangxiKonkaHigh-techPark | Jiangxi,Shangrao | Jiangxi,Shangrao | Commercialservices | 100 | Establishmentorinvestment | |
101 | ShangraoKonkaElectronicTechnologyInnovation | Jiangxi,Shangrao | Jiangxi,Shangrao | Research&experimentdevelopment | 100 | Establishmentorinvestment |
No. | Subsidiary | Mainplaceofbusiness | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Acquisitionmethod | |
Direct | Indirect | ||||||
102 | GuizhouKonkaNewEnergy | Guizhou,Kaili | Guizhou,Kaili | Manufactureofnon-metallicmineralproducts | 98 | Establishmentorinvestment | |
103 | ZhejiangKonkaElectronic | Zhejiang,Shaoxing | Zhejiang,Shaoxing | Research&experimentdevelopment | 100 | Establishmentorinvestment | |
104 | ZhejiangKonkaTechnologyIndustry | Zhejiang,Shaoxing | Zhejiang,Shaoxing | Commercialservices | 51 | 49 | Establishmentorinvestment |
105 | Xi'anKonkaIntelligent | Shanxi,Xi'an | Shanxi,Xi'an | Wholesale | 51 | Establishmentorinvestment | |
106 | Xi'anKonkaNetwork | Shanxi,Xi'an | Shanxi,Xi'an | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
107 | Xi'anKanghongTechnologyIndustry | Shanxi,Xi'an | Shanxi,Xi'an | Commercialservices | 40 | 60 | Establishmentorinvestment |
108 | Xi'anKonkaIntelligentTechnology | Shanxi,Xi'an | Shanxi,Xi'an | Retailtrade | 100 | Establishmentorinvestment | |
109 | AnhuiKonkaLowCarbon | Anhui,Ma'anshan | Anhui,Ma'anshan | Wholesale | 55 | Establishmentorinvestment | |
110 | KanghongXintong | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 95.09049 | Establishmentorinvestment | |
111 | SongyangIndustryOperation | Zhejiang,Lishui | Zhejiang,Lishui | Softwareandinformationtechnologyservices | 51 | Establishmentorinvestment | |
112 | KangyanTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
113 | KonkaPhotovoltaicTechnology | Zhejiang,Hangzhou | Zhejiang,Hangzhou | Scienceandtechnologypromotionandapplicationservices | 60 | Establishmentorinvestment | |
114 | SongyangKonkaIntelligent | Zhejiang,Lishui | Zhejiang,Lishui | Wholesale | 100 | Establishmentorinvestment |
No. | Subsidiary | Mainplaceofbusiness | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Acquisitionmethod | |
Direct | Indirect | ||||||
115 | KonkaNorthChina | Tianjin | Tianjin | Electricalmachineryandequipmentmanufacturing | 100 | Establishmentorinvestment | |
116 | DigitalTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwareandinformationtechnologyservices | 100 | Establishmentorinvestment |
(2)Majornon-wholly-ownedsubsidiaries
Subsidiary | Shareholdingofminorityshareholders | Profitorlossattributabletominorityshareholdersinthecurrentyear | Dividendsdeclaredtobedistributedtominorityshareholdersinthecurrentyear | Closingbalanceofminorityshareholders'equities |
ShanxiKonkaIntelligentApplianceCo.,Ltd. | 49.00% | -3,799,466.73 | 193,980,534.42 |
(3)Keyfinancialdataonmajornon-wholly-ownedsubsidiaries
Subsidiary | Closingbalance | |||||
Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
ShanxiKonkaIntelligentApplianceCo.,Ltd. | 523,223,416.76 | 566,375,884.26 | 1,089,599,301.02 | 398,648,732.52 | 295,071,926.82 | 693,720,659.34 |
(Continued)
Subsidiary | Openingbalance | |||||
Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
ShanxiKonkaIntelligentApplianceCo.,Ltd. | 744,667,031.91 | 89,068,283.25 | 833,735,315.16 | 419,779,159.30 | 10,323,500.45 | 430,102,659.75 |
(Continued)
Subsidiary | Amountincurredinthecurrentyear | |||
Operatingincome | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
ShanxiKonkaIntelligentApplianceCo.,Ltd. | 243,470,872.39 | -7,754,013.73 | -7,754,013.73 | 138,204,929.56 |
(Continued)
Subsidiary | Amountincurredlastyear | |||
Operatingincome | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
ShanxiKonkaIntelligentApplianceCo.,Ltd. | 146,157,865.44 | 190,320,327.09 | 190,320,327.09 | 12,271,653.60 |
2.Interestsinjointventuresorassociatedenterprises
(1)Majorjointventuresorassociatedenterprises
Nameofthejointventureorassociatedenterprise | Mainplaceofbusiness | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Accountingprocessingmethodforinvestmentinjointventuresorassociatedenterprises | |
Direct | Indirect | |||||
DongfangJiakangNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)(formerly:DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)) | Zhuhai | Zhuhai | Investmentmanagement | 49.95 | Equitymethod | |
ShenzhenJielunteTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Professionalmachinerymanufacturing | 42.79 | Equitymethod |
(2)Keyfinancialdataonsignificantassociatedenterprises
Item | Amountincurredattheendoftheyear/inthecurrentyear | |
DongfangJiakangNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)(formerly:DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)) | ShenzhenJielunteTechnologyCo.,Ltd. | |
Currentassets | 686,882,241.74 | 274,817,240.18 |
Non-currentassets | 338,361,205.79 | |
Totalassets | 686,882,241.74 | 613,178,445.97 |
Currentliabilities | 10,026,785.45 | 261,433,145.90 |
Non-currentliabilities | 133,388,974.62 | |
Totalliabilities | 10,026,785.45 | 394,822,120.52 |
Equitiesofminorityshareholders | 9,322,847.51 | |
Equitiesattributabletoshareholdersoftheparentcompany | 676,855,456.29 | 209,033,477.94 |
Shareofnetassetscalculatedbasedontheshareholding | 338,089,300.42 | 94,917,575.00 |
Adjustments |
Item | Amountincurredattheendoftheyear/inthecurrentyear | |
DongfangJiakangNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)(formerly:DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)) | ShenzhenJielunteTechnologyCo.,Ltd. | |
-Goodwill | ||
-Internalunrealisedprofit | ||
-Others | ||
Carryingvalueofequityinvestmentsinassociatedenterprises | 338,089,300.42 | 94,917,575.00 |
Fairvaluesofequityinvestmentsofjointventureswithquotedprices | ||
Operatingincome | 410,594,556.87 | |
Financecosts | -558,256.35 | 4,030,883.95 |
Incometaxexpense | 1,864,514.10 | |
Netprofit | 32,981,401.16 | -12,883,145.89 |
Netprofitfromdiscontinuedoperations | ||
Othercomprehensiveincome | ||
Totalcomprehensiveincome | 32,981,401.16 | -12,883,145.89 |
Dividendsreceivedfromassociatedenterprisesinthecurrentyear |
(Continued)
Item | Amountincurredatthebeginningoftheyear/inlastyear | |
DongfangJiakangNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)(formerly:DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)) | ShenzhenJielunteTechnologyCo.,Ltd. | |
Currentassets | 971,913,521.98 | 253,227,910.38 |
Non-currentassets | 288,320,463.89 | |
Totalassets | 971,913,521.98 | 541,548,374.27 |
Item | Amountincurredatthebeginningoftheyear/inlastyear | |
DongfangJiakangNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)(formerly:DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP)) | ShenzhenJielunteTechnologyCo.,Ltd. | |
Currentliabilities | 3,340.00 | 233,990,644.75 |
Non-currentliabilities | 74,263,430.52 | |
Totalliabilities | 3,340.00 | 308,254,075.27 |
Equitiesofminorityshareholders | 12,856,913.14 | |
Equitiesattributabletoshareholdersoftheparentcompany | 971,910,181.98 | 220,437,385.86 |
Shareofnetassetscalculatedbasedontheshareholding | 483,905,786.35 | 99,748,594.97 |
Adjustments | ||
-Goodwill | ||
-Internalunrealisedprofit | ||
-Others | ||
Carryingvalueofequityinvestmentsinassociatedenterprises | 483,905,786.35 | 99,748,594.97 |
Fairvaluesofequityinvestmentsofjointventureswithquotedprices | ||
Operatingincome | 514,976,783.54 | |
Financecosts | -461,885.81 | -430,655.59 |
Incometaxexpense | ||
Netprofit | 16,036,036.59 | 7,917,120.47 |
Netprofitfromdiscontinuedoperations | ||
Othercomprehensiveincome | ||
Totalcomprehensiveincome | 16,036,036.59 | 7,917,120.47 |
Dividendsreceivedfromassociatedenterprisesinthecurrentyear |
(3)Combinedfinancialdataoninsignificantjointventuresandassociatedenterprises
Item | Amountincurredattheendoftheyear/inthecurrentyear | Amountincurredatthebeginningoftheyear/inlastyear |
Associatedenterprise | ||
Totalcarryingvalueofinvestment | 5,133,476,987.87 | 5,767,578,574.26 |
Thetotaloffollowingitemsaccordingtotheshareholdingproportions | ||
Netprofit | -182,806,294.40 | 93,186,179.48 |
Othercomprehensiveincome | -86,041.63 | -2,814,803.62 |
Totalcomprehensiveincome | -182,892,336.03 | 90,371,375.86 |
X.Governmentgrants
1.Liabilityitemsinvolvinggovernmentsubsidies
Accounttitle | Openingbalance | Subsidiesincreasedinthecurrentyear | Amountrecognisedasnon-operatingincomeinthecurrentyear | Amounttransferredtootherincomesinthecurrentyear | Otherchangesinthecurrentyear | Closingbalance | Relatedtoassets/income |
Deferredrevenue | 334,844,966.31 | 142,412,107.74 | 49,036,136.15 | -3,085,700.00 | 425,135,237.90 | Relatedtoassets/income |
2.GovernmentsubsidiesrecognisedasprofitandlossoftheReportingPeriod
Accounttitle | Amountincurredinthecurrentyear | Amountincurredlastyear |
Otherincome | 270,618,031.94 | 928,712,500.81 |
XI.RisksRelatedtoFinancialInstruments
TheGroup'smainfinancialinstrumentsincludeborrowings,accountsreceivable,accountspayable,tradingfinancialassetsandliabilities,etc.PleaserefertoNoteVIfordetaileddescriptionsofvariousfinancialinstruments.TherisksrelatedtothesefinancialinstrumentsandtheriskmanagementpoliciesadoptedbytheGrouptomitigatetheserisksaredescribedbelow.ThemanagementoftheGroupmanagesandmonitorstheseriskexposurestoensurethattheserisksarecontrolledwithinalimitedscope.
1.ManagementobjectivesandpoliciesforvariousrisksTheGroup'sobjectiveinengagingintheriskmanagementistoachievetheproperbalancebetweentherisksandbenefits,minimisethenegativeimpactoftheserisksontheCompany'soperatingresults,andmaximisetheprofitsofshareholdersandotherequityinvestors.Basedontheriskmanagementgoal,thebasicstrategyoftheCompany'sriskmanagementisdeterminingandanalysingthevariousrisksfacedbytheCompany,settingupthebottomlineofriskandconductingappropriateriskmanagement,andtimelysupervisingvariousrisksinareliableway
andcontrollingtheriskwithintherangeoflimit.
(1)Marketrisk
1)ExchangerateriskForeignexchangeriskreferstotherisksthatmayleadtolossesduetofluctuationinexchangerate.TheforeignexchangeriskbornebytheGroupisrelatedtoUSD.ExcepttheprocurementandsalesinUSDoftheCompany'ssubsidiariesHongKongKonka,HongdinTrading,ChainKingdomMemoryTechnologies,HongjetandJiali,theGroup'sotherprimarybusinessactivitiesaresettledinRMB.ThecurrencyriskarisingfromtheassetsandliabilitiesofsuchbalanceinUSDmayaffecttheGroup'soperatingresults.Asof31December2023,theGroup'sassetsandliabilitiesweremainlythebalanceinRMBexceptfortheassetsorliabilitiesofabalanceinUSDaslistedbelow.
Item | Closingbalance | Openingbalance |
Monetaryassets | 91,184,116.43 | 106,315,046.38 |
Accountsreceivable | 85,032,871.75 | 86,909,542.13 |
Otheraccountsreceivable | 110,836,591.33 | 111,545,094.65 |
Otherpayables | 3,453,133.32 | 205,546.18 |
Short-termloans | 15,090,462.34 | |
Accountspayable | 4,828,295.25 | 24,084,328.20 |
Interestpayable | 10,875.01 |
TheGrouppayscloseattentiontotheimpactofexchangeratechangesontheGroup'sforeignexchangerisk,andrequiresmajorcompaniesintheGroupthatpurchaseandsellinforeigncurrencytopayattentiontothechangesinforeigncurrencyassetsandliabilities,managetheGroup'sforeigncurrencynetassetexposureinaunifiedway,implementsinglecurrencysettlement,andreducethescaleofforeigncurrencyassetsandliabilities,soastoreduceforeignexchangeriskexposure.
2)InterestrateriskTheGroupbearsinterestrateriskduetointerestratechangesofinterest-bearingfinancialassetsandliabilities.TheGroup'sinterestbearingfinancialassetsaremainlybankdeposits,ofwhichthemajorityofthevariableinterestratesareshort-terminnature,whiletheinterestbearingfinancialliabilitiesaremainlybankborrowingsandcorporatebonds.TheGroup'slong-termbankborrowingsandcorporatebondsareatfixedinterestrates.Theriskofcashflowchangesoffinancialinstrumentscausedbyinterestratechangesismainlyrelatedtoshort-termbankborrowingswithfloatinginterestrates.TheGroup'spolicyistomaintainthefloatinginterestratesofsuchborrowingstoeliminatethefairvalueriskofinterestratechanges.Asof31December2023,thebalanceofsuchshort-termborrowingswasRMB6,390,592,056.27.
(2)CreditriskAsof31December2023,themaximumcreditriskexposurethatmaycausefinanciallossestotheGroupmainlycamefromlossesgeneratedfromtheGroup'sfinancialassetsduetofailureoftheotherpartytoacontracttoperformitsobligationsandthefinancialguaranteeundertakenbytheGroup,including:
Thecarryingamountoffinancialassetsrecognisedintheconsolidatedbalancesheet;forfinancial
instrumentsmeasuredatfairvalue,thebookvaluereflectstheirriskexposure,butnotthemaximumriskexposure,andthemaximumriskexposurewillchangewiththechangeoffuturefairvalue.Inordertoreducecreditrisk,theGrouphassetupagrouptodeterminethecreditlimit,conductcreditapproval,andimplementothermonitoringprocedurestoensurethatnecessarymeasuresaretakentorecoveroverdueclaims.Inaddition,theGroupreviewstherecoveryofeachsinglereceivableoneachbalancesheetdatetoensurethatsufficientprovisionforbaddebtsismadefortheunrecoverableamount.Therefore,theGroup'smanagementbelievesthattheGroup'screditriskhasbeengreatlyreduced.TheGroup'sworkingcapitalisdepositedinbankswithahighcreditrating,sothecreditriskofworkingcapitalislow.TheGrouphasadoptednecessarypoliciestoensurethatallcustomershavegoodcreditrecords.Exceptforthetopfivecustomersintermsoftheamountofaccountsreceivable,theGrouphasnoothermajorcreditconcentrationrisks.ForthefinancialassetsoftheGroupthathavebeenindividuallyimpaired,pleasereferto4.Accountsreceivableand7.OtherreceivablesinNoteVI.
(3)LiquidityriskLiquidityriskreferstotheriskthattheGroupisunabletofulfilitsfinancialobligationsontheduedate.TheGroupmanagesliquidityriskinthemethodofensuringthatthereissufficientliquiditytofulfildebtobligationswithoutcausingunacceptablelossordamagetotheGroup'sreputation.Inordertomitigatetheliquidityrisk,theGroup'smanagementhascarriedoutadetailedinspectionontheliquidityoftheGroup,includingthematurityofaccountspayableandotherpayables,bankcreditlineandbondfinancing.TheconclusionisthattheGrouphassufficientfundstomeettheneedsoftheGroup'sshort-termdebtsandcapitalexpenditure.TheanalysisofthefinancialassetsandfinancialliabilitiesheldbytheGroupbasedonthematurityperiodoftheundiscountedremainingcontractualobligationsisasfollows:
Amountasof31December2023:
Item | Withinoneyear | Onetotwoyears | Twotofiveyears | Overfiveyears | Total |
Financialassets | |||||
Monetaryassets | 6,506,359,577.02 | 6,506,359,577.02 | |||
Held-for-tradingfinancialassets | 469,636,700.78 | 469,636,700.78 | |||
Notesreceivable | 533,171,949.15 | 533,171,949.15 | |||
Accountsreceivable | 1,450,456,203.34 | 82,283,751.73 | 149,915,722.31 | 43,890,295.70 | 1,726,545,973.08 |
Otheraccountsreceivable | 233,851,669.95 | 73,168,059.30 | 682,046,038.26 | 55,300.00 | 989,121,067.51 |
Long-termreceivables | |||||
Othercurrentassets | 2,359,159,468.75 | 2,359,159,468.75 | |||
Financialliabilities | |||||
Short-termloans | 6,390,592,056.27 | 6,390,592,056.27 | |||
Notespayable | 990,482,927.20 | 990,482,927.20 | |||
Accountspayable | 2,002,263,324.19 | 448,060,250.16 | 267,430,053.63 | 9,078,047.99 | 2,726,831,675.97 |
Otherpayables | 1,122,286,310.07 | 436,261,216.60 | 300,909,046.88 | 63,335,331.59 | 1,922,791,905.14 |
Payrollpayable | 304,733,103.63 | 304,733,103.63 | |||
Non-currentliabilitiesduewithinoneyear | 5,314,147,396.36 | 5,314,147,396.36 |
Long-termloans | 4,391,903,101.00 | 2,477,828,034.07 | 909,418,944.81 | 7,779,150,079.88 | |
Bondspayable | 2,426,992,578.67 | 2,426,992,578.67 | |||
Long-termpayables | 6,135,734.07 | 6,135,734.07 |
2.SensitivityanalysisTheGroupadoptssensitivityanalysistechnologytoanalysethepossibleimpactofreasonableandpossiblechangesofriskvariablesoncurrentprofits/lossesorshareholders'equity.Asanyriskvariablerarelychangesinisolation,andthecorrelationbetweenvariableswillhaveasignificanteffectonthefinalimpactamountofthechangeofariskvariable,thefollowingcontentisbasedontheassumptionthatthechangeofeachvariableisindependent.
(1)SensitivityanalysisofforeignexchangeriskAssumptionforthesensitivityofforeignexchangerisk:Allnetinvestmenthedgingandcashflowhedgingofoverseasoperationsarehighlyeffective.Onthebasisoftheaboveassumption,undertheconditionthatothervariablesremainunchanged,theimpactofreasonablechangesintheexchangerateoncurrentprofits/lossesandequityaftertaxisasfollows:
Item | Exchangeratefluctuations | 2023 | 2022 | ||
Impactonnetprofit | Impactonshareholders'equity | Impactonnetprofit | Impactonshareholders'equity | ||
USD | Appreciationof1%againstRMB | 16,574,067.76 | 12,261,381.38 | 15,551,310.88 | 11,270,323.99 |
USD | Depreciationof1%againstRMB | -16,574,067.76 | -12,261,381.38 | -15,551,310.88 | -11,270,323.99 |
(2)SensitivityanalysisofinterestrateriskSensitivityanalysisofinterestrateriskisbasedonthefollowingassumptions:
Changesinmarketinterestratesaffecttheinterestincomeorexpenseoffinancialinstrumentswithvariableinterestrates;Forfinancialinstrumentswithfixedinterestratesmeasuredatfairvalue,marketinterestratechangesaffectonlytheirinterestincomeorexpense;Changesinthefairvaluesofderivativefinancialinstrumentsandotherfinancialassetsandliabilitiesarecalculatedatthemarketinterestrateonthebalancesheetdatebydiscountedcashflow.Onthebasisoftheaboveassumptionsandundertheconditionthatothervariablesremainunchanged,theimpactofreasonablechangesintheinterestrateoncurrentprofits/lossesandequityaftertaxisasfollows:
Item | Interestratefluctuations | 2023 | 2022 | ||
Impactonnetprofit | Impactonshareholders'equity | Impactonnetprofit | Impactonshareholders'equity | ||
Borrowingsatfloatinginterestrates | Up0.5% | -24,196,276.74 | -23,679,719.04 | -28,813,464.20 | -28,058,882.34 |
Borrowingsat | Down0.5% | 24,196,276.74 | 23,679,719.04 | 28,813,464.20 | 28,058,882.34 |
Item | Interestratefluctuations | 2023 | 2022 | ||
Impactonnetprofit | Impactonshareholders'equity | Impactonnetprofit | Impactonshareholders'equity | ||
floatinginterestrates |
XII.DisclosureofFairValue
1.Closingfairvalueofassetsandliabilitiesmeasuredatfairvalue
Item | Closingfairvalue | |||
Level-1fairvaluemeasurement | Level-2fairvaluemeasurement | Level-3fairvaluemeasurement | Total | |
I.Continuousfairvaluemeasurement | ||||
(I)Held-for-tradingfinancialassets | 469,636,700.78 | 469,636,700.78 | ||
1.FinancialassetsmeasuredatfairvaluethroughprofitandlossfortheReportingPeriod | 469,636,700.78 | 469,636,700.78 | ||
(II)Accountsreceivablefinancing | 173,396,326.14 | 173,396,326.14 | ||
ii.Otherdebtinvestments | ||||
iii.Otherequityinstrumentsinvestments | 23,841,337.16 | 23,841,337.16 | ||
iv.Investmentproperties | ||||
(V)Othernon-currentfinancialassets | 2,009,676,398.00 | 2,009,676,398.00 | ||
Totalassetscontinuouslymeasuredatfairvalue | 173,396,326.14 | 2,503,154,435.94 | 2,676,550,762.08 | |
Totalliabilitiescontinuouslymeasuredatfairvalue | ||||
II.Non-continuousfairvaluemeasurement | ||||
Totalassetsnotcontinuouslymeasuredatfairvalue | ||||
Totalliabilitiesnotcontinuouslymeasuredatfairvalue |
2.Basisfordeterminingthemarketpriceofcontinuousandnon-continuouslevel-1fair
valuemeasurementprojectsThefirstleveloftheinputisanunadjustedquotedpriceinanactivemarketforthesameassetsandliabilitiesavailableonthemeasurementdate.
3.Qualitativeandquantitativedataonvaluationtechniquesandimportantparameters
adoptedforcontinuousandnon-continuouslevel-2fairvaluemeasurementprojectsTheLevel2fairvaluemeasurementofinputvalueatLevel2istheinputvalueobservabledirectlyorindirectlyofrelevantassetsorliabilitiesexclusiveofinputvalueatLevel1.
4.Qualitativeandquantitativedataonvaluationtechniquesandimportantparameters
adoptedforcontinuousandnon-continuouslevel-3fairvaluemeasurementprojectsThethirdleveloftheinputistheunobservableinputofrelatedassetsandliabilities.
XIII.RelatedPartyandRelatedPartyTransactions
Relatedpartyrelationship
(1)ParentcompanyoftheCompany
Nameoftheparentcompany | Placeofregistration | Businessnature | Registeredcapital | ShareholdingpercentageoftheparentcompanyintheCompany(%) | VotingrightpercentageoftheparentcompanyintheCompany(%) |
OCTGroup | Shenzhen | Tourism,realestate,electronicsindustry | RMB12billion | 29.999997 | 29.999997 |
TheultimatecontrolleroftheCompanyisState-ownedAssetsSupervisorCommissionoftheStateCouncil.
(2)SubsidiariesoftheCompanyPleaserefertonoteIX-1.(1)Subsidiariesfortheinformationofsubsidiaries.
(3)JointventuresandassociatedenterprisesoftheCompanyPleaserefertoNoteIX-2.(1)SignificantjointventuresandassociatedenterprisesfordetailsofsignificantjointventuresorassociatedenterprisesoftheCompany.InformationonotherjointventuresorassociatedenterpriseshavingconnectedtransactionswiththeCompanyinthecurrentyear,orformingbalanceduetoconnectedtransactionsmadeinpreviousperiod:
Name | RelationshipwiththeCompany |
AnhuiKaikaiShijieE-commerceCo.,Ltd. | Associatedenterprise |
AnhuiKangfuNewEnergyCo.,Ltd. | Associatedenterprise |
AnhuiKangtaSupplyChainManagementCo.,Ltd. | Associatedenterprise |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | Associatedenterprise |
ChutianDragonCo.,Ltd. | Associatedenterprise |
Name | RelationshipwiththeCompany |
OrientExcellent(Zhuhai)AssetManagementCo.,Ltd. | Associatedenterprise |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | Associatedenterprise |
DongguanKonkaSmartElectronicTechnologyCo.,Ltd. | Associatedenterprise |
DongguanGuankangYuhongInvestmentCo.,Ltd. | Associatedenterprise |
FeidiTechnology(Shenzhen)Co.,Ltd. | Associatedenterprise |
GuangdongKangyuanSemiconductorCo.,Ltd. | Associatedenterprise |
HefeiKONSEMIStorageTechnologyCo.,Ltd. | Associatedenterprise |
HenanKangfeiIntelligentElectricApplianceCo.,Ltd. | Associatedenterprise |
KangkongVentureCapital(Shenzhen)Co.,Ltd. | Associatedenterprise |
NantongKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | Associatedenterprise |
PuchuangJiakangTechnologyCo,Ltd. | Associatedenterprise |
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | Associatedenterprise |
ShenzhenAimijiakangTechnologyCo.,Ltd. | Associatedenterprise |
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | Associatedenterprise |
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | Associatedenterprise |
ShenzhenKONKAE-displayCo.,Ltd. | Associatedenterprise |
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd. | Associatedenterprise |
ShenzhenMorsemiSemiconductorTechnologyCo.,Ltd. | Associatedenterprise |
ShenzhenKangjiaJiapinIntelligentElectricalApparatusTechnologyCo.,Ltd. | Associatedenterprise |
ShenzhenKangxiTechnologyInnovationDevelopmentCo.,Ltd. | Associatedenterprise |
ShenzhenRF-LlinkTechnologyCo.,Ltd. | Associatedenterprise |
ShenzhenYaodeTechnologyCo.,Ltd. | Associatedenterprise |
ShenzhenZhongkangBeidouTechnologyCo.,Ltd.(formerlynamed:ShenzhenZhongbingKonkaTechnologyCo.,Ltd.) | Associatedenterprise |
SichuanChengruiRealEstateCo.,Ltd. | Associatedenterprise |
GuangdongAdreamerInformationTechnologyCo.,Ltd.(formerlyknownasSichuanHuayiJiakangTechnologyCo., | Associatedenterprise |
Name | RelationshipwiththeCompany |
Ltd.) | |
KKSmartechLimited | Associatedenterprise |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | Associatedenterprise |
YanchengKangyanInformationIndustryInvestmentPartnership(LimitedPartnership) | Associatedenterprise |
YibinKanghuiElectronicInformationIndustryEquityInvestmentPartnership(LimitedPartnership) | Associatedenterprise |
E3info(Hainan)TechnologyCo.,Ltd. | Associatedenterprise |
ShandongEconTechnologyCo.,Ltd. | Associatedenterprise |
ChongqingKangjianPhotoelectricTechnologyCo.,Ltd. | Associatedenterprise |
ChongqingKangxinEquityInvestmentFundLimitedPartnership(LimitedPartnership) | Associatedenterprise |
ChongqingKangyiqingTechnologyCo.,Ltd. | Associatedenterprise |
ChongqingQingjiaElectronicsCo.,Ltd. | Associatedenterprise |
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | Associatedenterprise |
WuhanKangtangInformationTechnologyCo.,Ltd. | Associatedenterprise |
FoshanZhujiangMediaCreativeParkCulturalDevelopmentCo.,Ltd. | Associatedenterprise |
PanxuIntelligenceCo.,Ltd. | Associatedenterprise |
(4)Otherrelatedparties
Namesofotherrelatedparties | RelationshipwiththeCompany |
HOHOELECTRICAL&FURNITURECO.,LIMITED | Minorityshareholderofsubsidiary |
BeijingXuriShengxingTechnologyCo.,Ltd. | Minorityshareholderofsubsidiary |
ChuzhouHanshangElectricApplianceCo.,Ltd. | Minorityshareholderofsubsidiary |
KoreaElectricGroupCo.,Ltd. | Minorityshareholderofsubsidiary |
HuZehong | Minorityshareholderofsubsidiary |
HuanjiaGroupCo.,Ltd. | Minorityshareholderofsubsidiary |
ShenzhenNewJourneyEnergyConservationandEnvironmentalProtectionServiceCo.,Ltd. | Minorityshareholderofsubsidiary |
CentralEnterprisesPovertyAlleviation(Jiangxi)Industrial | Minorityshareholderofsubsidiary |
Namesofotherrelatedparties | RelationshipwiththeCompany |
FundPartnership(L.P.) | |
ChongqingLiangshanIndustrialInvestmentCo.,Ltd. | Minorityshareholderofsubsidiary |
ZhuXinming | Minorityshareholderofsubsidiary |
AUJETINDUSTRYLIMITED | Minorityshareholderofsubsidiary |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | Minorityshareholderofsubsidiary |
ShenzhenUnifortuneSupplyChainManagementCo.,Ltd. | Minorityshareholderofsubsidiary |
GuizhouHuajinrunTechnologyCo.Ltd. | Minorityshareholderofsubsidiary |
ShenzhenHenglongtongTechnologyCo.,Ltd. | Minorityshareholderofsubsidiary |
SuiyongRongxinAssetManagementCo.,Ltd. | Minorityshareholderofsubsidiary |
ShenzhenQianhaiDatangTechnologyCo.,Ltd. | Minorityshareholderofsubsidiary |
WuGuoren | Minorityshareholderofsubsidiary |
XiaoYongsong | Minorityshareholderofsubsidiary |
HuZehong | Minorityshareholderofsubsidiary |
JiangsuKoreaElectricGroupCo.,Ltd. | Minorityshareholderofsubsidiary |
JiangxiMeijiEnterpriseCo.,Ltd. | Thecompanycontrolledbytheminorityshareholdersofthesubsidiary |
JiangxiXinzixinRealEstateCo.,Ltd. | Thecompanycontrolledbytheminorityshareholdersofthesubsidiary |
DaiRongxing | Closefamilymembersofminorityshareholdersofthesubsidiary |
ZhejiangDonghongAssetManagementCo.,Ltd. | Subsidiaryofassociatedenterprise |
AMobileIntelligentCorp.Ltd. | Subsidiaryofassociatedenterprise |
YantaiKangyueInvestmentCo.,Ltd. | Subsidiaryofassociatedenterprise |
ChongqingLanlvMomaRealEstateDevelopmentCo.,Ltd. | Subsidiaryofassociatedenterprise |
AnhuiJiasenPrecisionTechnologyCo.,Ltd. | Subsidiaryofassociatedenterprise |
ChuzhouJielunteMouldPlasticCo.,Ltd. | Subsidiaryofassociatedenterprise |
GuangdongJielunteTechnologyCo.,Ltd. | Subsidiaryofassociatedenterprise |
KunshanJielunteMouldPlasticCo.,Ltd. | Subsidiaryofassociatedenterprise |
DongguanKangjiePlasticMouldCo.,Ltd. | Subsidiaryofassociatedenterprise |
Namesofotherrelatedparties | RelationshipwiththeCompany |
DongguanJieluntePlasticMouldTechnologyCo.,Ltd. | Subsidiaryofassociatedenterprise |
DongguanXutongdaMouldPlasticCo.,Ltd. | Subsidiaryofassociatedenterprise |
ShenzhenKangyingStorageTechnologyCo.,Ltd. | Subsidiaryofassociatedenterprise |
ShenzhenE-DisplayCommercialDisplayServiceCo.,Ltd. | Subsidiaryofassociatedenterprise |
KonkaE-Display(HongKong)Co.,Ltd. | Subsidiaryofassociatedenterprise |
GuangdongKONKAE-displayCo.,Ltd. | Subsidiaryofassociatedenterprise |
ShanghaiJiyiEnvironmentalTechnologyCo.,Ltd. | Subsidiaryofassociatedenterprise |
2.Related-partytransactions
(1)Relatedpartytransactionsinvolvingthepurchaseandsaleofgoodsandthesupply
andacceptanceofservices1)Purchasinggoods/receivingservices
Relatedparty | Relatedpartytransaction | Amountincurredinthecurrentyear | Amountincurredlastyear |
ChuzhouHanshangElectricApplianceCo.,Ltd. | Purchaseofgoods | 331,347,005.28 | 361,343,092.66 |
PuchuangJiakangTechnologyCo,Ltd. | Purchaseofgoods | 170,595,512.46 | 346,728,064.51 |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | Purchaseofgoodsandservices | 83,132,471.79 | 44,307,009.34 |
DongguanGuankangYuhongInvestmentCo.,Ltd. | Purchaseservice | 44,767,575.56 | 2,539,413.51 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiaries | Purchaseofgoods | 41,713,723.62 | 30,219,079.03 |
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | Purchaseofgoods | 23,456,578.00 | 10,162,140.56 |
KoreaElectricGroupCo.,Ltd.anditssubsidiaries | Purchaseofgoods | 18,096,478.28 | 35,518,472.38 |
ShenzhenKONKAE-displayCo.,Ltd.anditssubsidiaries | Purchaseofgoods | 15,984,953.15 | 28,026,932.54 |
DongguanKonkaSmartElectronicTechnologyCo.,Ltd. | Purchaseofgoodsandservices | 12,468,662.09 | 22,735,162.01 |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd.. | Purchaseofgoods | 10,995,157.55 | 12,289,697.95 |
KKSmartechLimited | Purchaseofgoods | 10,415,968.34 | 45,029,492.58 |
AMobileIntelligentCorp.Ltd. | Purchaseofgoods | 7,383,664.55 | 727,144.88 |
Relatedparty | Relatedpartytransaction | Amountincurredinthecurrentyear | Amountincurredlastyear |
ShenzhenKangjiaJiapinIntelligentElectricalApparatusTechnologyCo.,Ltd. | Purchaseofgoods | 6,126,037.72 | 426,363.95 |
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd.anditssubsidiaries | Purchaseofgoods | 6,102,501.84 | 41,158,319.46 |
HOHOELECTRICAL&FURNITURECO.,LIMITED | Purchaseofgoods | 5,864,370.25 | 19,585,193.41 |
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | Purchaseofgoods | 8,531,405.75 | |
Subtotalofotherrelatedparties | Purchaseofgoodsandservices | 1,978,824.14 | 4,279,220.85 |
(2)Informationofsalesofgoodsandprovisionoflabourservice
Relatedparty | Relatedpartytransaction | Amountincurredinthecurrentyear | Amountincurredlastyear |
ChuzhouHanshangElectricApplianceCo.,Ltd. | Salesofgoods | 222,670,602.32 | 107,734,901.38 |
KoreaElectricGroupCo.,Ltd.anditssubsidiaries | Salesofgoodsandprovisionoflabourservice | 79,556,345.56 | 161,244,155.22 |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | Salesofgoodsandprovisionoflabourservice | 78,023,377.38 | 178,677,010.72 |
ShenzhenKONKAE-displayCo.,Ltd.anditssubsidiaries | Salesofgoodsandprovisionoflabourservice | 44,349,541.96 | 39,405,582.28 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiaries | Salesofgoodsandprovisionoflabourservice | 43,851,112.38 | 157,730,471.80 |
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | Salesofgoods | 21,015,219.00 | 52,139,839.35 |
E3info(Hainan)TechnologyCo.,Ltd.anditssubsidiaries | Salesofgoodsandprovisionoflabourservice | 12,779,347.18 | 7,676,760.48 |
DongguanKonkaSmartElectronicTechnologyCo.,Ltd. | Salesofgoods | 9,556,588.12 | 18,795,403.33 |
HefeiKONSEMIStorageTechnologyCo.,Ltd. | Salesofgoodsandprovisionoflabourservice | 7,988,071.97 | 45,466,225.40 |
Relatedparty | Relatedpartytransaction | Amountincurredinthecurrentyear | Amountincurredlastyear |
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd.anditssubsidiaries | Salesofgoodsandprovisionoflabourservice | 7,902,974.42 | 9,193,457.83 |
ShenzhenKangjiaJiapinIntelligentElectricalApparatusTechnologyCo.,Ltd. | Provisionoflabourservice | 4,770,320.84 | |
NantongKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | Provisionoflabourservice | 4,716,981.13 | 14,150,943.39 |
YanchengKangyanInformationIndustryInvestmentPartnership(LimitedPartnership) | Provisionoflabourservice | 3,282,937.63 | 3,539,336.04 |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | Salesofgoods | 3,406,469.40 | |
ChongqingKangxinEquityInvestmentFundLimitedPartnership(LimitedPartnership) | Provisionoflabourservice | 2,462,263.85 | |
ShenzhenAimijiakangTechnologyCo.,Ltd. | Salesofgoods | 1,455,404.13 | 42,265,781.54 |
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | Salesofgoodsandprovisionoflabourservice | 1,413,824.79 | 189,148,548.38 |
YibinKanghuiElectronicInformationIndustryEquityInvestmentPartnership(LimitedPartnership) | Salesofgoods | 1,361,406.01 | |
SichuanHuayiJiakangTechnologyCo.,Ltd. | Salesofgoodsandprovisionoflabourservice | 83,636.22 | 1,095,847.95 |
HOHOELECTRICAL&FURNITURECO.,LIMITED | Salesofgoods | 21,684,854.42 | |
Subtotalofotherrelatedparties | Salesofgoodsandprovisionoflabourservice | 5,778,315.56 | 39,382,783.10 |
(3)RelatedpartyleasesLeasesituation
Lessor | Lessee | Typeofleasedassets | Leasefeerecognisedinthecurrentyear | Leasefeerecognisedlastyear |
OCTGroupCo.Ltd.anditssubsidiaries | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | Commercialresidencesandofficebuildings | 30,302,719.98 | 25,078,697.16 |
OCTGroupCo.Ltd.anditssubsidiaries | KonkaGroupCo.,Ltd. | Commercialresidencesandofficebuildings | 1,819,825.44 |
(4)Relatedpartyguarantees
1)TheCompanywasguarantor
Securedparty | Contractedguaranteeamount(RMB'0,000) | Actualguaranteeamount(RMB'0,000) | Currency | Startdateofguarantee | Expirydateofguarantee | Whethertheguaranteeiscompleted |
BoluoPrecision | 4,000.00 | 1,800.00 | CNY | 19January2023 | 18January2024 | No |
BoluoPrecision | 4,500.00 | 4,103.40 | CNY | 25August2023 | 25August2026 | No |
KonkaCircuit | 10,000.00 | 4,307.67 | CNY | 19July2023 | 31January2027 | No |
KonkaCircuit | 5,000.00 | 1,085.27 | CNY | 14September2022 | 13September2023 | No |
KonkaCircuit | 5,000.00 | 3,212.27 | CNY | 22December2022 | 21December2023 | No |
AnhuiTongchuang | 3,000.00 | 3,000.00 | CNY | 2June2022 | 1June2023 | No |
AnhuiTongchuang | 10,000.00 | 6,440.00 | CNY | 19October2023 | 31December2024 | No |
AnhuiTongchuang | 10,000.00 | 8,000.00 | CNY | 6February2023 | 5February2024 | No |
AnhuiTongchuang | 5,000.00 | 3,600.00 | CNY | 14August2023 | 9April2024 | No |
AnhuiTongchuang | 3,000.00 | 3,000.00 | CNY | 20November2023 | 19May2025 | No |
LiaoyangKangshunSmart | 5,000.00 | CNY | 6January2023 | 5January2024 | No | |
KonkaXinyunSemiconductor | 6,000.00 | 1,550.00 | CNY | 26May2022 | 25May2024 | No |
KonkaXinyunSemiconductor | 20,000.00 | 5,137.50 | CNY | 12July2021 | 11July2022 | No |
ElectronicsTechnology | 8,500.00 | 6,064.29 | CNY | 24November2022 | 10January2024 | No |
ElectronicsTechnology | 50,000.00 | 50,000.00 | CNY | 26September2023 | 11August2024 | No |
DongguanKonka | 5,000.00 | 5,000.00 | CNY | 24March2023 | 23March2024 | No |
DongguanKonka | 80,000.00 | 33,174.19 | CNY | 23June2021 | 7May2031 | No |
TelecommunicationTechnology | 7,500.00 | 5,000.00 | CNY | 23July2023 | 23July2024 | No |
SichuanKonka | 4,000.00 | 3,000.00 | CNY | 23May2023 | 26April2026 | No |
Securedparty | Contractedguaranteeamount(RMB'0,000) | Actualguaranteeamount(RMB'0,000) | Currency | Startdateofguarantee | Expirydateofguarantee | Whethertheguaranteeiscompleted |
MobileInterconnection | 7,000.00 | 1,870.12 | CNY | 10November2023 | 10November2024 | No |
YibinSmart | 980.00 | 980.00 | CNY | 23May2023 | 26April2024 | No |
ChongqingKonka | 38,000.00 | 9,280.05 | CNY | 13December2022 | 13December2037 | No |
Xi'anKanghongTechnologyIndustry | 30,000.00 | 6,651.43 | CNY | 26May2023 | 31December2032 | No |
KonkaSoftElectronic | 975.00 | 41.46 | CNY | 19December2022 | 19December2023 | No |
NingboKanghrElectricalAppliance | 6,000.00 | CNY | 2March2023 | 27July2024 | No | |
NingboKanghrElectricalAppliance | 6,000.00 | 3,000.00 | CNY | 13July2023 | 12July2024 | No |
FrestecSmartHome | 10,200.00 | 510.00 | CNY | 6July2022 | 4May2030 | No |
JiangxiKonka | 6,000.00 | 2,369.00 | CNY | 15August2023 | 14August2024 | No |
JiangxiKonka | 990.00 | 990.00 | CNY | 10March2022 | 9March2024 | No |
XinfengMicrocrystalline | 7,200.00 | 6,000.00 | CNY | 30June2023 | 29June2024 | No |
JiangxiHighTransparentSubstrate | 990.00 | 990.00 | CNY | 10March2022 | 9March2024 | No |
YibinKangrun | 10,000.00 | 10,000.00 | CNY | 13November2020 | 31December2024 | No |
AnhuiKonka | 5,500.00 | 667.02 | CNY | 31August2023 | 31August2024 | No |
AnhuiKonka | 18,000.00 | 11,397.31 | CNY | 22September2023 | 21September2024 | No |
AnhuiKonka | 10,215.95 | 8,591.07 | CNY | 10August2021 | 15July2031 | No |
AnhuiKonka | 7,000.00 | 5,000.00 | CNY | 29October2021 | 26October2026 | No |
AnhuiKonka | 7,000.00 | 5,000.00 | CNY | 24October2022 | 26October2026 | No |
AnhuiKonka | 7,000.00 | 7,000.00 | CNY | 19September2022 | 18September2023 | No |
AnhuiKonka | 5,000.00 | 984.60 | CNY | 25June2023 | 24June2028 | No |
Securedparty | Contractedguaranteeamount(RMB'0,000) | Actualguaranteeamount(RMB'0,000) | Currency | Startdateofguarantee | Expirydateofguarantee | Whethertheguaranteeiscompleted |
ShandongEconTechnologyCo.,Ltd. | 3,747.44 | 3,040.56 | CNY | 30September2022 | 29September2024 | No |
ShandongEconTechnologyCo.,Ltd. | 2,748.12 | 2,748.10 | CNY | 23November2022 | 23May2024 | No |
ShandongEconTechnologyCo.,Ltd. | 1,498.97 | 1,498.97 | CNY | 22May2023 | 21May2024 | No |
ShandongEconTechnologyCo.,Ltd. | 3,747.44 | 3,327.88 | CNY | 10May2023 | 11August2023 | No |
ShandongEconTechnologyCo.,Ltd. | 4,996.58 | 1,747.03 | CNY | 5July2023 | 21May2024 | No |
ShandongEconTechnologyCo.,Ltd. | 2,498.29 | 2,435.11 | CNY | 19July2023 | 18July2024 | No |
ShandongEconTechnologyCo.,Ltd. | 999.32 | 736.00 | CNY | 28August2023 | 11June2024 | No |
ShandongEconTechnologyCo.,Ltd. | 1,374.06 | 1,374.06 | CNY | 29December2023 | 28December2024 | No |
ShandongEconTechnologyCo.,Ltd. | 2,498.29 | CNY | 28December2023 | 27December2024 | No | |
FoshanZhujiangMediaCreativeParkCulturalDevelopmentCo.,Ltd. | 980.00 | 941.66 | CNY | 17May2022 | 21March2023 | No |
OCTGroup | 60,000.00 | 60,000.00 | CNY | 8September2022 | 8September2025 | No |
OCTGroup | 60,000.00 | 60,000.00 | CNY | 18October2022 | 18October2025 | No |
OCTGroup | 50,000.00 | 50,000.00 | CNY | 22September2023 | 22September2026 | No |
OCTGroup | 30,000.00 | 30,000.00 | CNY | 13December2023 | 13December2026 | No |
2)Asthesecuredparty
Guarantor | Guaranteeamount(RMB'0,000) | Currency | Startdateofguarantee | Expirydateofguarantee | Whethertheguaranteeiscompleted |
ElectronicsTechnology | 41,000.00 | CNY | 15September2022 | 14September2023 | No |
OCTGroup | 100,000.00 | CNY | 8January2021 | 8January2024 | No |
OCTGroup | 50,000.00 | CNY | 21May2021 | 21May2024 | No |
OCTGroup | 80,000.00 | CNY | 9July2021 | 9July2024 | No |
Guarantor | Guaranteeamount(RMB'0,000) | Currency | Startdateofguarantee | Expirydateofguarantee | Whethertheguaranteeiscompleted |
OCTGroup | 60,000.00 | CNY | 8September2022 | 8September2025 | No |
OCTGroup | 60,000.00 | CNY | 18October2022 | 18October2025 | No |
OCTGroup | 120,000.00 | CNY | 14July2022 | 14July2025 | No |
OCTGroup | 90,000.00 | CNY | 22June2022 | 21June2024 | No |
OCTGroup | 68,750.00 | CNY | 24June2021 | 23June2024 | No |
OCTGroup | 49,500.00 | CNY | 23August2022 | 22August2025 | No |
OCTGroup | 24,000.00 | CNY | 22December2022 | 22December2025 | No |
OCTGroup | 70,000.00 | CNY | 18January2023 | 18January2026 | No |
OCTGroup | 50,000.00 | CNY | 22September2023 | 22September2026 | No |
OCTGroup | 30,000.00 | CNY | 13December2023 | 20December2026 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 1,160.81 | CNY | 15August2023 | 14August2024 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 485.10 | CNY | 10March2022 | 9March2024 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 2,940.00 | CNY | 30June2023 | 29June2024 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 485.10 | CNY | 10March2022 | 9March2024 | No |
ShandongEconTechnologyCo.,Ltd. | 3,300.00 | CNY | 13November2020 | 31December2024 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 146.74 | CNY | 31August2023 | 31August2024 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 2,507.41 | CNY | 22September2023 | 21September2024 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 1,890.03 | CNY | 10August2021 | 15July2031 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 1,100.00 | CNY | 29October2021 | 26October2026 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 1,100.00 | CNY | 24October2022 | 26October2026 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 1,540.00 | CNY | 19September2022 | 18September2023 | No |
ChuzhouState-ownedAssets | 216.61 | CNY | 25June2023 | 24June2028 | No |
Guarantor | Guaranteeamount(RMB'0,000) | Currency | Startdateofguarantee | Expirydateofguarantee | Whethertheguaranteeiscompleted |
ManagementCo.,Ltd. | |||||
WuGuoren | 875.00 | USD | 31December2019 | 31December2024 | No |
WuGuoren | 2,425.00 | USD | 31December2019 | 31December2024 | No |
XiaoYongsong | 840.00 | USD | 31December2019 | 31December2024 | No |
XiaoYongsong | 2,328.00 | USD | 31December2019 | 31December2024 | No |
ShenzhenUnifortuneSupplyChainManagementCo.,Ltd. | 1,403.85 | USD | 21June2021 | 31December2022 | No |
ShenzhenUnifortuneSupplyChainManagementCo.,Ltd. | 867.30 | USD | 21June2021 | 31December2022 | No |
GuizhouHuajinrunTechnologyCo.Ltd. | 381.15 | USD | 1January2022 | 31December2025 | No |
GuizhouHuajinrunTechnologyCo.Ltd. | 157.50 | USD | 1January2022 | 31December2025 | No |
ShenzhenHenglongtongTechnologyCo.,Ltd. | 241.40 | USD | 1January2022 | 31December2025 | No |
ShenzhenHenglongtongTechnologyCo.,Ltd. | 99.75 | USD | 1January2022 | 31December2025 | No |
AUJETINDUSTRYLIMITED | 3,227.63 | USD | 10November2021 | 31December2023 | No |
AUJETINDUSTRYLIMITED | 89.18 | USD | 10November2021 | 31December2023 | No |
AUJETINDUSTRYLIMITED | 1,029.00 | USD | 20July2020 | 31December2023 | No |
ZhuXinming | 12,446.00 | CNY | 15October2022 | 14October2023 | No |
ZhuXinming | 3,399.49 | CNY | 1January2023 | 31December2023 | No |
ZhuXinming | 13,249.19 | CNY | 19February2023 | 18February2024 | No |
ZhuXinming | 6,860.00 | CNY | 1March2023 | 28February2024 | No |
ZhuXinming | 2,330.54 | CNY | 9March2023 | 8March2024 | No |
ZhuXinming | 2,156.00 | CNY | 1April2023 | 30September2023 | No |
Guarantor | Guaranteeamount(RMB'0,000) | Currency | Startdateofguarantee | Expirydateofguarantee | Whethertheguaranteeiscompleted |
ZhuXinming | 443.45 | CNY | 13January2023 | 31December2023 | No |
ZhuXinming | 44.05 | CNY | 30March2023 | 31December2023 | No |
ZhuXinming | 443.45 | CNY | 14April2023 | 31December2023 | No |
ZhuXinming | 44.05 | CNY | 30June2023 | 31December2023 | No |
ZhuXinming | 443.45 | CNY | 14July2023 | 31December2023 | No |
ZhuXinming | 44.05 | CNY | 11October2023 | 31December2023 | No |
ZhuXinming | 149.45 | CNY | 13October2023 | 31December2023 | No |
ZhuXinming | 44.05 | CNY | 29December2023 | 31December2023 | No |
ZhuXinming | 490.00 | CNY | 28February2023 | 27February2024 | No |
ZhuXinming | 5,109.05 | CNY | 1January2023 | 31December2023 | No |
ZhuXinming | 252.63 | CNY | 13January2023 | 31December2023 | No |
ZhuXinming | 101.77 | CNY | 13January2023 | 31December2023 | No |
ZhuXinming | 203.63 | CNY | 14April2023 | 31December2023 | No |
ZhuXinming | 1,862.90 | CNY | 1January2023 | 31December2023 | No |
ZhuXinming | 223.85 | CNY | 17February2023 | 31December2023 | No |
ZhuXinming | 93.12 | CNY | 8March2023 | 31December2023 | No |
ZhuXinming | 101.35 | CNY | 19May2023 | 31December2023 | No |
ZhuXinming | 93.12 | CNY | 8June2023 | 31December2023 | No |
ZhuXinming | 93.12 | CNY | 8September2023 | 31December2023 | No |
ZhuXinming | 62.25 | CNY | 7December | 31December | No |
Guarantor | Guaranteeamount(RMB'0,000) | Currency | Startdateofguarantee | Expirydateofguarantee | Whethertheguaranteeiscompleted |
2023 | 2023 | ||||
HuZehong,LiangRuiling,DaiYaojin | 2,205.00 | CNY | 1July2018 | 31December2025 | No |
HuZehong,LiangRuiling,DaiYaojin | 4,899.02 | CNY | 1July2018 | 31December2025 | No |
SuiyongRongxinAssetManagementCo.,Ltd. | 2,450.00 | CNY | 1January2018 | 30June2024 | No |
SuiyongRongxinAssetManagementCo.,Ltd. | 2,842.00 | CNY | 1January2018 | 31December2023 | No |
ShenzhenHenglongtongTechnologyCo.,Ltd.,GuizhouHuajinrunTechnologyCo.Ltd.,HuayingGaokedeElectronicsTechnologyCo.,Ltd.,HuayingGaokelongElectronicsTechnologyCo.,Ltd.,ShenzhenBailiYongxingTechnologyCo.,Ltd.
735.00 | CNY | 1January2022 | 31December2025 | No |
ShenzhenHenglongtongTechnologyCo.,Ltd.,GuizhouHuajinrunTechnologyCo.Ltd.,HuayingGaokedeElectronicsTechnologyCo.,Ltd.,HuayingGaokelongElectronicsTechnologyCo.,Ltd.,ShenzhenBailiYongxingTechnologyCo.,Ltd.
488.37 | CNY | 1January2022 | 31December2025 | No |
ShenzhenHenglongtongTechnologyCo.,Ltd.,GuizhouHuajinrunTechnologyCo.Ltd.,HuayingGaokedeElectronicsTechnologyCo.,Ltd.,HuayingGaokelongElectronicsTechnologyCo.,Ltd.,ShenzhenBailiYongxingTechnologyCo.,Ltd.
552.72 | CNY | 1January2022 | 31December2025 | No | |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 4,533.96 | CNY | 20May2021 | 19May2024 | No |
ShenzhenQianhaiDatangTechnologyCo.,Ltd. | 441.00 | CNY | 17November2023 | 16November2026 | No |
KonkaVentures | 1,322.54 | CNY | 15December2021 | 5November2022 | No |
(5)Loansfrom/torelatedparties
Relatedparty | Amount(RMB'0,000) | Currency | Startdate | Maturity |
Borrowing: | ||||
OCTGroup | 81,091.00 | CNY | 10January2022 | 19January2025 |
OCTGroup | 50,000.00 | CNY | 19May2022 | 18May2025 |
OCTGroup | 70,000.00 | CNY | 26May2022 | 25May2025 |
Relatedparty | Amount(RMB'0,000) | Currency | Startdate | Maturity |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 10,535.00 | CNY | 1February2022 | 31December2023 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 490.00 | CNY | 30May2023 | 31December2023 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 1,837.50 | CNY | 10November2022 | 31December2023 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 2,450.00 | CNY | 2August2023 | 2August2024 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 980.00 | CNY | 14February2023 | 13February2024 |
ShandongEconTechnologyCo.,Ltd. | 33.00 | CNY | 31March2022 | 19March2024 |
ShandongEconTechnologyCo.,Ltd. | 31.35 | CNY | 2June2021 | 19March2024 |
ShandongEconTechnologyCo.,Ltd. | 20.13 | CNY | 4June2021 | 19March2024 |
ShandongEconTechnologyCo.,Ltd. | 1,536.15 | CNY | 13August2021 | 19March2024 |
ShandongEconTechnologyCo.,Ltd. | 285.85 | CNY | 13October2021 | 19March2024 |
ShandongEconTechnologyCo.,Ltd. | 40.26 | CNY | 17December2021 | 19March2024 |
ShandongEconTechnologyCo.,Ltd. | 99.26 | CNY | 16February2022 | 19March2024 |
ShandongEconTechnologyCo.,Ltd. | 95.96 | CNY | 15May2022 | 28February2024 |
ShandongEconTechnologyCo.,Ltd. | 39.60 | CNY | 16June2022 | 28February2024 |
ShandongEconTechnologyCo.,Ltd. | 1,070.92 | CNY | 23June2022 | 28February2024 |
ShandongEconTechnologyCo.,Ltd. | 49.50 | CNY | 19September2022 | 28February2024 |
ShandongEconTechnologyCo.,Ltd. | 33.00 | CNY | 19December2022 | 28February2024 |
ShandongEconTechnologyCo.,Ltd. | 97.02 | CNY | 24February2023 | 28February2024 |
KangkongVentureCapital(Shenzhen)Co.,Ltd. | 245.00 | CNY | 21July2022 | 18July2024 |
BeijingXuriShengxingTechnologyCo.,Ltd. | 228.67 | CNY | 5December2022 | 30November2024 |
Total | 221,289.17 | |||
Lending: | ||||
DongguanGuankangYuhongInvestmentCo.,Ltd. | 2,223.19 | CNY | 6August2022 | 25September2024 |
Relatedparty | Amount(RMB'0,000) | Currency | Startdate | Maturity |
DongguanGuankangYuhongInvestmentCo.,Ltd. | 17,376.81 | CNY | 6August2022 | 25September2024 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 13,288.00 | CNY | 18December2022 | 21December2024 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 2,000.00 | CNY | 18December2022 | 21December2024 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 735.00 | CNY | 5January2023 | 21December2024 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 59.45 | CNY | 5January2023 | 21December2024 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 1,240.03 | CNY | 18December2022 | 21December2024 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 16,758.00 | CNY | 22March2023 | 21December2024 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 1,359.26 | CNY | 21March2023 | 21December2024 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 109.95 | CNY | 21March2023 | 21December2024 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 1,344.36 | CNY | 22March2023 | 21December2024 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 2,080.72 | CNY | 18October2023 | 21December2024 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 562.97 | CNY | 22December2023 | 21December2024 |
SichuanChengruiRealEstateCo.,Ltd. | 14,724.50 | CNY | 21January2022 | 15April2025 |
YantaiKangyueInvestmentCo.,Ltd. | 12,852.70 | CNY | 16December2020 | 5November2022 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 10,020.00 | CNY | 23November2021 | 31March2024 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 949.00 | CNY | 25August2022 | 31March2024 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 1,394.00 | CNY | 25August2022 | 31March2024 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 323.00 | CNY | 25August2022 | 31March2024 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 564.00 | CNY | 25August2022 | 31March2024 |
Relatedparty | Amount(RMB'0,000) | Currency | Startdate | Maturity |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 1,020.00 | CNY | 17March2022 | 31March2024 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 3,400.00 | CNY | 23May2022 | 31March2024 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 2,500.00 | CNY | 1June2022 | 31March2024 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 2,430.00 | CNY | 15November2022 | 31March2024 |
ChongqingLanlvMomaRealEstateDevelopmentCo.,Ltd. | 18,843.00 | CNY | 25November2020 | 24November2023 |
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | 19,879.55 | CNY | 15September2022 | 27February2024 |
ShandongEconTechnologyCo.,Ltd. | 18,315.11 | CNY | 20December2023 | 31December2023 |
ShandongEconTechnologyCo.,Ltd. | 4,996.58 | CNY | 21December2023 | 20December2024 |
Total | 171,349.18 |
(6)Assettransferanddebtrestructuringofrelatedparties
Relatedparty | Relatedpartytransaction | Amountincurredinthecurrentyear | Amountincurredlastyear |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | Transferofpatents,softwarecopyrightsandtrademarks | 12,843,396.23 | |
Total | 12,843,396.23 |
(7)Remunerationforkeymanagementpersonnel
Project | Thecurrentyear(RMB'0,000) | Lastyear(RMB'0,000) |
Totalremuneration | 805.08 | 2,206.85 |
3.Balanceofamountreceivableandpayablebyrelatedparties
(1)Receivables
Relatedparty | Closingbalance | Openingbalance | ||
Bookbalance | Provisionforbaddebts | Bookbalance | Provisionforbaddebts | |
Accountsreceivable: |
Relatedparty | Closingbalance | Openingbalance | ||
Bookbalance | Provisionforbaddebts | Bookbalance | Provisionforbaddebts | |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 100,590,722.52 | 15,162,359.88 | 156,687,630.71 | 8,433,199.71 |
ShenzhenYaodeTechnologyCo.,Ltd.anditssubsidiaries | 145,562,210.29 | 145,562,210.29 | 143,135,135.62 | 121,664,865.28 |
HOHOELECTRICAL&FURNITURECO.,LIMITED | 124,378,346.69 | 51,863,807.49 | 123,273,472.66 | 18,429,711.73 |
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | 60,994,542.80 | 1,879,460.35 | 39,215,316.77 | 32,913,147.45 |
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | 39,226,376.64 | 39,214,097.96 | 52,156,655.05 | 1,063,995.77 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 38,536,165.52 | 786,137.78 | 47,638,172.10 | 2,368,282.48 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesandassociates | 8,538,236.25 | 173,326.20 | 13,523,856.80 | 410,843.28 |
ShenzhenKondaE-displayCo.,Ltd.anditssubsidiaries | 2,038,868.80 | 130,671.94 | 10,824,609.83 | 220,822.05 |
Subtotalofotherrelatedparties | 36,068,461.04 | 4,978,006.25 | 22,671,223.40 | 675,458.06 |
Total | 555,933,930.56 | 259,750,078.15 | 609,126,072.94 | 186,180,325.81 |
Financingaccountsreceivable/Notesreceivable: | ||||
KoreaElectricGroupCo.,Ltd.anditssubsidiaries | 10,000,000.00 | 103,340,000.00 | ||
ChuzhouHanshangElectricApplianceCo.,Ltd. | 10,000,000.00 | 5,028,746.39 | ||
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | 63,064.76 |
Relatedparty | Closingbalance | Openingbalance | ||
Bookbalance | Provisionforbaddebts | Bookbalance | Provisionforbaddebts | |
Total | 20,000,000.00 | 108,431,811.15 | ||
Dividendsreceivable | ||||
ChongqingQingjiaElectronicsCo.,Ltd. | 272,999.43 | |||
ShenzhenJielunteTechnologyCo.,Ltd. | 941,482.38 | |||
Total | 941,482.38 | 272,999.43 | ||
Otherreceivables: | ||||
JiangxiMeijiEnterpriseCo.,Ltd. | 93,512,640.31 | 93,512,640.31 | 93,512,640.31 | 86,901,651.51 |
DaiRongxing | 86,150,945.74 | 86,150,945.74 | 83,058,831.58 | 83,058,831.58 |
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | 39,888,921.64 | 39,888,921.64 | 39,888,921.64 | 36,024,193.48 |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 31,185,288.31 | 20,608,710.48 | 35,760,987.33 | 20,304,912.84 |
HuanjiaGroupCo.,Ltd. | 25,083,675.53 | 24,582,002.02 | 25,083,675.53 | 24,582,002.02 |
DongguanGuankangYuhongInvestmentCo.,Ltd. | 22,000,000.00 | 660,000.00 | 22,000,000.00 | 220,000.00 |
HOHOELECTRICAL&FURNITURECO.,LIMITED | 2,485,213.19 | 1,612,406.32 | 2,443,773.67 | 554,492.25 |
HuZehong | 1,395,042.29 | 135,057.89 | 2,058,174.06 | 41,986.75 |
ChongqingLiangshanIndustrialInvestmentCo.,Ltd. | 75,330,416.70 | 1,536,740.51 | ||
Subtotalofotherrelatedparties | 145,049.83 | 2,993.94 | 159,634.37 | 3,230.02 |
Total | 301,846,776.84 | 267,153,678.34 | 379,297,055.19 | 253,228,040.96 |
Prepayments: |
Relatedparty | Closingbalance | Openingbalance | ||
Bookbalance | Provisionforbaddebts | Bookbalance | Provisionforbaddebts | |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 238,185.12 | 1,094,665.28 | ||
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiaries | 7,764.63 | |||
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd.anditssubsidiaries | 5,720,375.37 | |||
PuchuangJiakangTechnologyCo,Ltd. | 3,176,682.44 | |||
Subtotalofotherrelatedparties | 1,184,075.41 | |||
Total | 245,949.75 | 11,175,798.50 | ||
Othercurrentassets: | ||||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 396,256,021.05 | 366,191,797.92 | ||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 256,452,466.70 | 238,121,355.60 | ||
ChongqingLanlvMomaRealEstateDevelopmentCo.,Ltd. | 235,830,613.25 | 220,546,846.61 | ||
ShandongEconTechnologyCo.,Ltd.anditssubsidiaries | 233,116,949.03 | 217,760,251.21 | ||
DongguanGuankangYuhongInvestmentCo.,Ltd. | 224,838,028.99 | 183,151,149.03 | ||
YantaiKangyueInvestmentCo.,Ltd. | 170,712,417.56 | 18,682,100.00 | 160,287,449.78 | |
SichuanChengruiRealEstateCo.,Ltd. | 168,476,988.84 | 158,533,783.32 | ||
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | 228,799,064.74 | |||
Total | 1,914,482,550.16 | 18,682,100.00 | 1,544,592,633.47 |
(2)Payables
Relatedparty | Bookbalanceattheendoftheyear | Bookbalanceatthebeginningoftheyear |
Accountspayable: | ||
HOHOELECTRICAL&FURNITURECO.,LIMITED | 10,195,877.56 | 6,083,652.55 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 43,592,692.34 | 22,429,429.76 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesandassociates | 33,987,442.17 | 13,942,717.31 |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 28,693,864.79 | 13,114,183.37 |
ShenzhenKondaE-displayCo.,Ltd.anditssubsidiaries | 10,343,033.76 | 12,879,895.22 |
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | 4,614,860.81 | 4,615,128.91 |
KoreaElectricGroupCo.,Ltd.anditssubsidiaries | 4,374,416.65 | 2,609,330.74 |
PanxuIntelligenceCo.,Ltd.anditssubsidiaries | 3,558,734.12 | 5,894,192.83 |
DongguanKonkaSmartElectronicTechnologyCo.,Ltd. | 288,114.11 | 1,730,506.79 |
Subtotalofotherrelatedparties | 62,595,100.98 | 6,167,532.67 |
Total | 202,244,137.29 | 89,466,570.15 |
Notespayable: | ||
KoreaElectricGroupCo.,Ltd.anditssubsidiaries | 4,709,353.26 | 9,889,686.67 |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | 4,352,821.66 | 5,664,319.21 |
PanxuIntelligenceCo.,Ltd.anditssubsidiaries | 1,962,738.39 | 4,425,575.22 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiaries | 916,829.48 | 4,868,677.92 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 13,000,000.00 | |
Total | 11,941,742.79 | 37,848,259.02 |
Contractualliabilities/othercurrentliabilities: | ||
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 43,675,417.58 | 42,395,460.49 |
ShenzhenKondaE-displayCo.,Ltd.anditssubsidiaries | 28,903,907.67 | 2,873,318.85 |
ShenzhenAimijiakangTechnologyCo.,Ltd.(formerlyknownasSichuanAimijiakangTechnologyCo.,Ltd.) | 1,030,654.81 | 2,541,156.83 |
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | 246,708.55 | 1,328,665.36 |
Relatedparty | Bookbalanceattheendoftheyear | Bookbalanceatthebeginningoftheyear |
Subtotalofotherrelatedparties | 1,412,447.04 | 1,625,651.76 |
Total | 75,269,135.65 | 50,764,253.29 |
Otherpayables: | ||
ChuzhouHanshangElectricApplianceCo.,Ltd. | 195,705,860.89 | 185,043,644.73 |
ShandongEconTechnologyCo.,Ltd.anditssubsidiaries | 42,146,282.34 | 42,331,626.74 |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 23,291,255.06 | 5,897,248.07 |
CentralEnterprisesinpoverty-strickenareas(Jiangxi)IndustrialInvestmentFundsPartnership(L.P.) | 9,600,000.00 | 2,400,000.00 |
BeijingXuriShengxingTechnologyCo.,Ltd. | 2,536,047.85 | 2,396,943.13 |
KonkaVenturesDevelopment(Shenzhen)Co.,Ltd.(formerlyknownas"KonkaVenturesDevelopment(Shenzhen)Co.,Ltd.") | 2,523,500.05 | 2,483,024.67 |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | 410,526.24 | 209,400.00 |
E3info(Hainan)TechnologyCo.,Ltd.anditssubsidiariesandassociatedenterprises | 63,099.88 | 163,730.25 |
GuangdongWanrundaohengCultureTourismDevelopmentCo.,Ltd. | 83,480,206.21 | |
ChongqingKangjianOptoelectronicsTechnologyCo.,Ltd. | 8,029,369.86 | |
Subtotalofotherrelatedparties | 11,052,687.80 | 10,210,205.65 |
Total | 287,329,260.11 | 342,645,399.31 |
4.RelatedpartycommitmentsTheGroupdidnothaveanyrelatedpartycommitments.
5.OthersTheGroupdidnothaveanyrelatedpartymatters.XIV.CommitmentsandContingencies
1.Significantcommitments
(1)Capitalcommitments
Item | Closingbalance | Openingbalance |
Contractsignedbuthasn'tbeenrecognisedinfinancialstatements | ||
Commitmentonconstructionandpurchaseoflong-livedassets |
Largeamountcontract | 295,615,545.67 | 523,553,381.89 |
Foreigninvestmentcommitments | ||
Total | 295,615,545.67 | 523,553,381.89 |
(2)OthercommitmentsAsof31December2023,therewerenoothersignificantcommitmentsfortheCompanytodisclose.
2.ContingenciesTheGroup'smaterialcontingenciesrequiringdisclosurearesetoutbelow:
(1)BeforetheCompanyacquiredJiangxiKonka,JiangxiKonkaanditssubsidiariesXinfengMicrocrystallineandJiangxiHighTransparentSubstrate(formerlyknownasNano-CrystallisedGlass)providedjointandseveralliabilityguaranteefortheloansfromNanchangRuralCommercialBankCo.,Ltd.toJiangxiXinxinJian'anEngineering,JiangxiZhongyiDecorativeMaterialandJiangxiShanshiScienceandTechnology,relatedpartiesofformercontrollingshareholdersofJiangxiKonka,andNanchangRuralCommercialBankCo.,Ltd.thentransferredtheclaimstoChinaGreatWallAMCJiangxiBranch.ForthefailureofJiangxiXinxinJian'anEngineering,JiangxiZhongyiDecorativeMaterialandJiangxiShanshiScienceandTechnologytorepaytheborrowingsontime,ChinaGreatWallAMCJiangxiBranchfiledalawsuitrequestingJiangxiXinxinJian'anEngineering,JiangxiZhongyiDecorativeMaterialandJiangxiShanshiScienceandTechnologytorepaytheloanprincipalamountingtoRMB300millionandtheliquidateddamageandinterestarisingfromitandguarantorsJiangxiKonka,JiangxiHighTransparentSubstrateandXinfengMicrocrystallinetobearjointandseveralliabilityforsuchdebts.On31October2019,theHigherPeople'sCourtofJiangxiProvinceruledinthefirstinstancethatJiangxiXinxinJian'anEngineering,JiangxiZhongyiDecorativeMaterial,JiangxiShanshiTechnologyshouldrepaytoChinaGreatWallAMCJiangxiBranchtheloanprincipalofRMB300millionandtheinterestandliquidateddamagearisingfromitwithin10daysfromtheeffectivedateofthejudgment,andJiangxiKonkaNewMaterial,ZhuXinming,LengSumin,Nano-CrystallisedGlass,XinfengMicrocrystallineshouldbearjointandseveralliabilityforalldebtsrecognisedinthisjudgment.ThedefendantsappealedagainsttheverdictofthefirstinstanceandtheSupremePeople'sCourtacceptedtheappeal.On24March2021,theSupremePeople'sCourtmadethefollowingruling:I.CivilJudgment(2018)G.M.CH.No.110madebytheHigherPeople'sCourtofJiangxiProvinceisabrogated;II.ThiscaseisremandedtotheHigherPeople'sCourtofJiangxiProvinceforretrial.Asofthedateofissuanceofthisreport,thefirstinstanceoftheretrialwasdecided,anappealhadbeenfiled,andthesecondinstanceoftheretrialisinprogress.TheactualcontrollerofJiangxiKonkaNewMaterials,ZhuXinming,andhisspouse,LengSumin,JiangxiXinzixinRealEstateCo.,Ltd.,ZhuZilong,ZhuQingmingandZengXiaohong,asguarantors,providedatotalofapproximatelyRMB143millionofrealestatemortgageguaranteetoGreatWallAMCfortheaboveloans.ZhuXinmingandLengSuminalsoprovidedjointliabilityguarantees.InordertoavoidtheadverseimpactofthiscaseontheCompany,theCompanyhasagreedintheacquisitionagreementofJiangxiKonka,XinfengMicrocrystallineandnanometremicrocrystallinethatallcontingentdebtsincurredbyJiangxiKonkabytheoriginalshareholdersofKonkanewmaterialintheformofjointandseveralliability.JiangxiXinzixinRealEstateCo.,Ltd.hasheldatotalofapproximatelyRMB243millionofrealestateassetsasthecaseoftheanti-guaranteemortgagetoKonkagroupandwentthroughthemortgageregistrationprocedures.Asofthedateofthisreport,thecaseisstillontrialandtheabovecommercialacceptancebillhasnotbeenhonoured.
(2)AsforthedisputeoftheCompanywithLuoZaotong,LuoJingxia,LuoZongyin,LuoZongwu
andShenzhenYaodeTechnologyCo.,Ltd.onsharerepurchase,sincetheotherpartydidnotactivelyperformtherepurchaseobligation,theCompanyfiledalawsuitwiththePeople'sCourtofNanshanDistrict,Shenzhen.TheamountofthesubjectmatterinvolvedinthelawsuitisRMB249million.On22November2021,theCompanyappliedtothePeople'sCourtofNanshanDistrict,Shenzhen,forpropertypreservation.On11January2023,thePeople'sCourtofNanshanDistrict,Shenzhen,renderedaverdictofthefirstinstance,rulingthatLuoZaotong,LuoJingxia,LuoZongyinandLuoZongwupaytherepurchaseamountofRMB172millionplusthesumofinterestcalculatedat12%perannumfrom6April2017tothedateofpaymentoftheequityrepurchasebythedefendantLuoZaotong,LuoJingxia,LuoZongyinandLuoZongwu.Asofthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(3)AstheacceptorfailedtopaythecommercialacceptancebillsheldbytheCompanyuponmaturity,theCompany,astheplaintiff,requesteddebtorsHongtuSanpowerTechnologyCo.,Ltd.,JiangsuHongtuHighTechnologyCo.,Ltd.,SanpowerGroupCo.,Ltd.,NanjingJiongjiongElectronicTechnologyCo.,Ltd.andShenzhenQianhaiBenniuAgriculturalTechnologyCo.,Ltd.toRMB200millionbearjointandseveralliabilityforthebillsandtheoverdueinterest.InJuly2019,thecompanyfiledalawsuitwiththecourt,andthecourthaspreservedthedefendant'scorrespondingproperty.Asofthedateofissuanceofthisreport,thecasewasundertrial.
(4)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompanyandWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.,PengChaojun,HeJiaguo,HeJiayi,LiangXiangzhou,XuYizheng,HeFan,PangHuasheng,SongLiangming,andLiangXiangmeiovertherightofrecourseforbillsisRMB200millionandthecorrespondinginterest.InSeptember2020,theCompanyfiledalawsuitwiththeWuhanIntermediatePeople'sCourt,andthecourtorderedthedefendanttopayKonkaGrouptheprincipalamountofthenoteofRMB200millionandrelevantoverdueinterest.AnamountofRMB38,200,000wasrecoveredthroughtheexecutionofthecase.Thedefendantappliedforretrialduringtheexecutionofthecase.Asofthedateofissuanceofthisreport,thecasewasinretrial.
(5)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryKonkaUnifortuneandShenzhenYaodeTechnologyCo.,Ltd.,DongshengXinluoTechnology(Shenzhen)Co.,Ltd.,ShenzhenHongyaoDingshengInvestmentManagementCo.,Ltd.,ShenzhenXiangruiYingtongInvestmentManagementCo.,Ltd.,LuoJingxia,LuoZongwu,LuoZongyin,LuoZaotongandLuoSaiyinovercontractsisRMB155million.On8September2022,thecourtissuedajudgmentinfavouroftheCompany'ssubsidiary.Asofthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(6)AstheacceptorfailedtopaythecommercialbillsheldbytheCompanyuponmaturity,theCompany,astheplaintiff,filedalawsuitwiththecourtonthematuredbillsamountingtoRMB300million,requestingthebillacceptorShanghaiHuaxinandpriorpartiesinvolvedtobearjointandseveralliabilityforthebillsandliquidateddamageandinterest.Asofthedateofissuanceofthisreport,thecaseinvolvingRMB150millionisincompulsoryexecutionandshareholdershavebeenaddedaspersonstobeexecutedinthiscase.FortheremainingRMB150million,thedefendantshavebeenorderedtopaytheCompanythebillsandinterest,whichisnowincompulsoryexecution.Asofthedateofissuanceofthisreport,anamountofRMB1,115,000hadbeenrecoveredthroughtheexecutionofthecase,andthecasewasexecutedinprogress.
(7)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiariesFrestecRefrigeration,AnhuiKonka,KonkaMaterialandAnhuiTongchuang(plaintiff)andShantouMeisenTechnologyCo.,Ltd.,ShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,LinYuanqin,HuangRuirong,JiangsuHuadongHardwareZoneCo.,Ltd.,ChuangfuCommerce&TradePlazaRealEstateDevelopment(Huizhou)Co.,Ltd.andPuningJunlongTradeCo.,Ltd.(defendants)overcontractsisRMB380million.Asofthedateofissuanceofthisreport,theportionofthecase,relatedtoXinfeiandMeisen,wasintrial,whiletherestcasewasexecutedinprogress.
(8)AcasehasbeenfiledonthedisputeoverthesalesandpurchasecontractsbetweentheCompany'ssubsidiaryKonkaHuanjia(plaintiff)and38companies(defendant)includingHuanjiaGroupCo.,Ltd.andDalianJinshundaMaterialRecyclingCo.,Ltd.,etc.TheamountofthesubjectmatterinvolvedinitisRMB890million.KonkaHuanjiahasappliedforthecourttosealupandfreezethedefendant'scorrespondingproperty.InthecaseinvolvingRMB322millionoflitigation,thecourtdeliveredarulingofthefirstinstancetoKangjiainMarch2023,rejectingthesuitofKangjiaHuanjia.Theremainingcases,involvingRMB568million,weredecidedbythecourtforthefirstinstanceinDecember2022,andKangjiaHuanjiadunhasappealedtotheLiaoningProvincialHighPeople'sCourt.Asofthedateofissuanceofthisreport,thecaseinvolvingRMB322millionoflitigationwasclosed,whilethecases,involvingRMB568million,wereremandedforretrial.Itiscurrentlyinthefirstinstanceoftheretrial.
(9)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryDongguanKonka(plaintiff)andDongguanGaonengPolymerMaterialsCo.,Ltd.,WangDong,ShenzhenXinlianXingyaoTradingCo.,Ltd.,ShenzhenJinchuanQianchaoNetworkTechnologyCo.,Ltd.,PuningJunlongTradingCo.,Ltd.andHuangZhihao(defendants)oversalesandpurchasecontractsisRMB90million.InDecember2020theCompanyfiledalawsuitwiththecourtandobtainedajudgmentinitsfavourinJune2023.Asofthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(10)AstheacceptorfailedtopaythecommercialbillsheldbytheCompanyuponmaturity,theCompany,astheplaintiff,filedalawsuitwiththecourtonthematuredbillsamountingtoRMB78million,requestingthecourttoorderHefeiHuajunTradingCo.,Ltd.andWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.topaytheCompanythebillsandtheinterestfordefault,andappliedforpropertypreservation.ThecaseexecutedareturnofRMB2million,andtheCompanyisapplyingwiththecourtforaddingshareholdersaspersonstobeexecuted.Asofthedateofissuanceofthisreport,anamountofRMB1,643,500hadbeenrecoveredthroughtheexecutionofthecase,andthecasewasexecutedinprogress.
(11)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryKonkaElectronicMaterials(formerlyknownasKonkaFactoring)(theplaintiff)andTahoeGroupCo.,Ltd.,FuzhouTaijiaEnterpriseCo.,Ltd.andXiamenLianchuangMicro-electronicsCo.,Ltd.(thedefendants)overtherightofrecourseforbillsisRMB50millionandthecorrespondinginterest.On1September12021,theIntermediatePeople'sCourtofXiamenMunicipality,FujianProvince,orderedthedefendantstopaytheplaintiffe-commercialacceptancebillsofRMB50millionandthecorrespondinginterest.On4January2022,thecompulsoryenforcementwasfiled.ThecaseexecutedareturnofRMB43million.Asofthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(12)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany(plaintiff)andChinaEnergyElectricFuelCo.,Ltd.,ChinaEnergy(Shanghai)EnterpriseCo.,Ltd.,ShanghaiNengpingEnterpriseCo.,Ltd.andShenzhenQianhaiBaoyingCommercialFactoringCo.,Ltd.(defendants)overtherightofrecourseforbillsisRMB50millionandthecorrespondinginterest.InSeptember2018,thecompanyfiledalawsuitwiththeShenzhenIntermediatePeople'sCourt,andthecourthaspreservedthedefendant'scorrespondingproperty.Thejudgmentofthiscasehascomeintoeffect.ThecourtorderedChinaEnergyElectricFuelCo.,Ltd.andotherdefendantstopaytheCompanythebillsofRMB50millionandtheinterest.Asofthedateofissuanceofthisreport,anamountofRMB60,400hadbeenrecoveredthroughtheexecutionofthecase,thecasewasexecutedinprogress,andtheCompanyappliedwiththecourtforaddingshareholdersaspersonstobeexecuted.
(13)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryAnhuiKonka(plaintiff)andMakenaElectronic(HongKong)(defendant)overthesalesandpurchasecontractisRMB5,440,200.On7December2021,AnhuiKonkafiledarbitrationwiththeShenzhenCourtofInternationalArbitration.On14October2022,thecompulsoryenforcementwasfiled.Asofthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(14)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryAnhuiKonka(plaintiff)andShanghaiLikaiLogisticsCo.,Ltd.ShenzhenBranchandShanghaiLikaiLogisticsCo.,Ltd.(defendants)overfreightforwardingcontractsinmaritimeandopenseawatersisRMB38million.On26April2021,KonkaappliedtoShanghaiMaritimeCourtforcompulsoryexecution.On7June2021,thecourtacceptedthecase.Asofthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(15)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryPengrunTechnology(plaintiff)andGuanganOuQiShiElectronicTechnologyCo.,Ltd.,GuanHongshao,HuayingGaokedeElectronicTechnologyCo.,Ltd.,HuayingGaokelongElectronicTechnologyCo.,Ltd.,GuizhouJiaguidaTechnologyCo.,Ltd.,SichuanHongrongyuanRealEstateCo.,Ltd.,DuXinyu,LinbolongandWangShisheng(defendants)overtrustcontractisRMB167million.Thecasehasbeenappliedforpropertypreservationmeasures.Asofthedateofissuanceofthisreport,thecasewasundertrial.
(16)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany(plaintiff)andYantaiKangyueInvestmentCo.,Ltd.(defendant)overborrowingcontractisRMB160million.TheCompanyhasappliedtotheShenzhenIntermediatePeople'sCourtforpropertypreservation.Asofthedateofissuanceofthisreport,thecasewasexecutedinprogress.
(17)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryKonkaHuanjia(plaintiff)andBankofFuxinCo.,Ltd.,HuanjiaGroup,DalianJinjiaMaterialsRecyclingCo.,Ltd.,DalianJinKaixuanRenewableResourcesAcquisitionChainCo.,Ltd.,DalianYingtaiPaperCo.,Ltd.,DalianZhanhongRenewableResourcesRecyclingCo.,Ltd.andWangJinping(defendants)overtheexecutionobjectionbyanoutsiderisRMB240million.Asofthedateofissuanceofthisreport,thecasewasundertrial.
(18)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryJiaxinTechnologyCo.,Limited(plaintiff)andTripodElectronicsTechnology(HongKong)Limited,ChenWenhuanandChenBaohong(defendants)overasalesandpurchasecontractofinternationalgoodsisRMB51million.Asofthedateofissuanceofthisreport,thecasewasundertrial.
(19)InthecaseofcontractdisputebetweentheCompany(plaintiff),ZhuXinming,LengSumin,GongqingchengBRICInvestmentManagementPartnership(limitedpartnership)andGongqingchengXinruiInvestmentManagementPartnership(Limitedpartnership)(defendant),duetothefailureoftheotherpartytopayperformancecompensationasagreed,theCompanyfiledanarbitrationwiththeShenzhenInternationalArbitrationCourtinJune2023.TheamountofthesubjectmatterinvolvedinthelawsuitisRMB939,044,100.Asofthedateofissuanceofthisreport,thecasewasundertrial.
(20)InthecaseofcontractdisputebetweentheCompany'ssubsidiaries,KonkaLifeng(Plaintiff)andShenzhenJunxingCommunicationTechnologyCo.,Ltd.,GuMeiElectronics(HongKong)TechnologyCo.,Ltd.,ShenzhenHongxingFengdaIndustrialDevelopmentCo.,Ltd.,ShenzhenJunxingJunyeElectronicsCo.,Ltd.,ZengJiankai,ZhangZhenyu,HaiyingTechnologyGroup(HongKong)Co.,Ltd.,ZhangLixia,AnhuiBaolinIndustryCo.,Ltd.,ZengQingpeng,ZhongYuhua(Defendant),thesubjectmatterofthelawsuitisRMB262,711,100.Asofthedateofissueofthisreport,thecasewasundertrial.
(21)ShenzhenNianhua(plaintiff),asubsidiaryoftheCompany,filedanarbitrationwiththeShenzhenInternationalArbitrationCourtinMarch2023inasharerepurchasedisputewithFangXianglongandJiangYan(defendant),duetotheotherparty'sfailuretorepurchasetheshareandpaytherepurchasepriceasagreed.ThesubjectmatterofthelawsuitisRMB151,605,500.Asofthedateofissueofthisreport,thecasewasunderimplementation.
(22)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryKonkaHuanjia(plaintiff)andXuJianhua,GuangxiBeigangNewMaterialsCo.,Ltd.(defendant)
overasalesandpurchasecontractisRMB110,995,700.Asofthedateofissuanceofthisreport,thecasewasinprogress.
(23)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiarySichuanKonka(plaintiff)andShenzhenJunxingCommunicationTechnologyCo.,Ltd.,ShenzhenHongxingFengdaIndustrialDevelopmentCo.,Ltd.,ShenzhenJunxingJunyeElectronicsCo.,Ltd.,LiuyangHuichuanHeyuanVillaCo.,Ltd.,ZengJiankai,ZhongYuhua(defendant)overasalesandpurchasecontractisRMB51.72million.Asofthedateofissuanceofthisreport,thecasewasunderimplementation.
(24)TheCompany(plaintiff)filedalawsuitwiththeNanshanDistrictPeople'sCourtofShenzheninMay2023concerningtheequitytransfercontractdisputewithLongruiHaotengTechnologyDevelopmentCo.,Ltd.,BeijingBeidaBlueBirdSecuritySystemEngineeringTechnologyCo.,Ltd.,andBeijingJingruiHaotengTechnologyDevelopmentCo.,Ltd.(Defendant)duetothefailureoftheotherpartytopaythebalanceoftheequitytransferasagreed.ThesubjectmatterinvolvedamountedtoRMB45.4076million.Asofthedateofissueofthisreport,thecasehasbeenwonandtheapplicationforenforcementisinprogress.
(25)TheamountofthesubjectmatterinvolvedinthedisputebetweenShenzhenOrientalVentureCapitalInvestmentCo.,Ltd.(plaintiff)andtheCompany(defendant)overacontractisRMB750million.Asofthedateofissuanceofthisreport,thecasewasundertrial.
(26)TheamountofthesubjectmatterinvolvedinthedisputebetweenSichuanShuwuGuangrunlogisticsCo.,Ltd.(plaintiff)andtheCompany'ssubsidiaryDongguanKonka(defendants)overasalesandpurchasecontractisRMB122,834,600.Asofthedateofissuanceofthisreport,thecasewasundertrial.XV.SubsequentEventsaftertheBalanceSheetDate
1.Importantnon-adjustingmattersAsKonkaHuanjia,asubsidiaryoftheCompany,wasunabletorepayitsdebtsastheymaturedanditsassetswereinsufficienttorepayallofitsdebts,theCompanyfiledanapplicationwiththePeople'sCourtofGanjiziDistrict,DalianCity,LiaoningProvince(the"DalianGanjingziDistrictCourt")forthebankruptcyandliquidationofKonkaHuanjiaon28February2024.On29February2024,theDalianGanjingziDistrictCourtdecidedinaccordancewiththelawtoaccepttheCompany'sapplication.On14March2024,theDalianGanjingziDistrictCourtappointedShanghaiSGLA(Dalian)LawFirmtoactastheadministrator(hereinafterreferredtoasthe"Administrator")ofthebankruptcyandliquidationcaseofKangjiaHuanjia.On15March2024,theAdministratortookovertherelevantinformationandphysicalobjectsofKonkaHuanjia.TheCompanynolongerexercisescontroloverKonkaHuanjiasince15March2024.Exceptfortheabovematter,theGrouphadnosignificantnon-adjustingmatterstodiscloseasofthedateofthisfinancialreport.
2.SalesreturnAsofthedateofthisfinancialreport,theGrouphadnomaterialsalesreturns.
3.NotestoothersubsequenteventsafterthebalancesheetdateExceptfortheabovedisclosureofmattersafterthebalancesheetdate,theGroupdidnothaveanyothersignificanteventsafterthebalancesheetdate.XVI.OtherKeyMatters
DuetotheCompany'scontinuousreductionplanresultingintheCompany'slossofsignificantinfluenceonChutianDragon,on31March2023,attheNinthMeetingoftheTenthSessionoftheBoardofDirectorsoftheCompany,theCompanyconsideredandapprovedtheProposalonChangingtheAccountingMethodforChutianDragon.Thus,on31March2023,theCompany
designatedtheremainingsharesheldinChutianDragonasfinancialassetsatfairvaluethroughprofitorlossforthecurrentperiod,andthereforeconvertedthemfromlong-termequityinvestmentsaccountedforundertheequitymethodtoheld-for-tradingfinancialassets.TheinvestmentincomeresultingfromthechangeinfairvalueatthedateofconversionamountedtoRMB574million.Thecumulativegainorlossfromfairvaluechangesduringtheholdingperiodfromthedateofconversionto31December2023wasRMB-52.05million.Asof31December2023,theremainingnumberofsharesheldbytheCompanyinChutianDragonwas27,897,662shares,withashareholdingratioof6.055%.Onthedateofthisreport,theclosingpriceofthefinancialassetwasRMB13.15pershare.Apartfromtheabovematters,theGrouphadnoothersignificanttransactionsandeventsthathadanimpactoninvestors'decision-makingthatneededtobedisclosed.XVII.NotestotheMainItemsoftheFinancialStatementsoftheParentCompany
1.Accountsreceivable
(1)Accountsreceivablelistedbyagingportfolio
Aging | Bookbalanceattheendoftheyear | Bookbalanceatthebeginningoftheyear |
Withinoneyear(inclusive) | 1,206,382,965.89 | 4,177,587,681.73 |
Onetotwoyears | 1,471,518,725.52 | 125,417,030.16 |
Twotothreeyears | 116,480,162.93 | 75,011,848.13 |
Threetofouryears | 58,805,217.49 | 130,238,580.35 |
Fourtofiveyears | 122,821,401.69 | 637,992,232.94 |
Overfiveyears | 806,589,292.93 | 173,615,565.37 |
Total | 3,782,597,766.45 | 5,319,862,938.68 |
(2)Accountsreceivablelistedbywithdrawalmethodsforbaddebts
Category | Closingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
Accountsreceivableofexpectedcreditlosseswithdrawnindividually | 752,763,517.97 | 19.90 | 708,873,222.27 | 94.17 | 43,890,295.70 |
Accountsreceivableofexpectedcreditlosseswithdrawnbyportfolio | |||||
Ofwhich:Agingportfolio | 355,972,586.88 | 9.41 | 166,216,118.67 | 46.69 | 189,756,468.21 |
Category | Closingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
Groupingofrelatedparties | 2,673,861,661.60 | 70.69 | 2,673,861,661.60 | ||
Subtotalofportfolio | 3,029,834,248.48 | 80.10 | 166,216,118.67 | 5.49 | 2,863,618,129.81 |
Total | 3,782,597,766.45 | 100.00 | 875,089,340.94 | 23.13 | 2,907,508,425.51 |
(Continued)
Category | Openingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
Accountsreceivableofexpectedcreditlosseswithdrawnindividually | 723,559,609.63 | 13.60 | 652,094,110.07 | 90.12 | 71,465,499.56 |
Accountsreceivableofexpectedcreditlosseswithdrawnbyportfolio | |||||
Ofwhich:Agingportfolio | 410,174,776.68 | 7.71 | 193,889,834.11 | 47.27 | 216,284,942.57 |
Groupingofrelatedparties | 4,186,128,552.37 | 78.69 | 4,186,128,552.37 | ||
Subtotalofportfolio | 4,596,303,329.05 | 86.40 | 193,889,834.11 | 4.22 | 4,402,413,494.94 |
Total | 5,319,862,938.68 | 100.00 | 845,983,944.18 | 15.90 | 4,473,878,994.50 |
1)Provisionsetasideforbaddebtsofaccountsreceivablebysingleitem
Name | Closingbalance | |||
Bookbalance | Provisionforbaddebts | Provisionpercentage(%) | Reasonsfortheprovision | |
ShanghaiHuaxinInternationalGroupCo.,Ltd. | 299,136,676.70 | 293,153,943.17 | 98.00 | Expectedtobedifficulttorecover |
HongtuSanbaoHigh-techTechnologyCo.,Ltd. | 200,000,000.00 | 180,000,000.00 | 90.00 | Expectedtobedifficulttorecover |
Name | Closingbalance | |||
Bookbalance | Provisionforbaddebts | Provisionpercentage(%) | Reasonsfortheprovision | |
ZhongfuTiangongConstructionGroupCo.,Ltd. | 71,389,096.65 | 53,541,822.49 | 75.00 | Expectedtobedifficulttorecover |
CCCCFirstHarborEngineeringCompanyLtd. | 55,438,105.00 | 55,438,105.00 | 100.00 | Notexpectedtoberecoverable |
ChinaEnergyPowerFuelCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | 100.00 | Notexpectedtoberecoverable |
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | 36,900,685.94 | 36,900,685.94 | 100.00 | Notexpectedtoberecoverable |
Others | 39,898,953.68 | 39,838,665.67 | 99.85 | Expectedtobedifficulttorecover |
Total | 752,763,517.97 | 708,873,222.27 | 94.17 |
2)Provisionforbaddebtsforaccountsreceivablemadeasperportfolio
①Intheportfolio,accountsreceivableofprovisionforexpectedcreditlossmadebyaging
Aging | Closingbalance | ||
Bookbalance | Provisionforbaddebts | Provisionpercentage(%) | |
Withinoneyear | 143,499,372.75 | 2,927,387.22 | 2.04 |
Onetotwoyears | 10,150,867.80 | 1,017,116.96 | 10.02 |
Twotothreeyears | 51,446,340.40 | 11,673,174.64 | 22.69 |
Threetofouryears | 790,336.20 | 512,770.12 | 64.88 |
Fourtofiveyears | 884,722.73 | 884,722.73 | 100.00 |
Overfiveyears | 149,200,947.00 | 149,200,947.00 | 100.00 |
Total | 355,972,586.88 | 166,216,118.67 | 46.69 |
②Intheportfolio,accountsreceivableofprovisionforexpectedcreditlossmadebyothermethods
Aging | Closingbalance | ||
Bookbalance | Provisionforbaddebts | Provisionpercentage(%) |
Aging | Closingbalance | ||
Bookbalance | Provisionforbaddebts | Provisionpercentage(%) | |
Groupingofrelatedparties | 2,673,861,661.60 | ||
Total | 2,673,861,661.60 |
(3)Provisionforbaddebtsofaccountsreceivablesetaside,recoveredorreclassifiedin
thecurrentyear
Category | Openingbalance | Changeinthecurrentyear | |
Provision | Recoveryorreclassification | ||
Provisionforbaddebtsofaccountsreceivable | 845,983,944.18 | 32,999,328.16 | 3,893,931.40 |
Total | 845,983,944.18 | 32,999,328.16 | 3,893,931.40 |
(Continued)
Category | Changeinthecurrentyear | Closingbalance | |
Charge-offorwrite-off | Others | ||
Provisionforbaddebtsofaccountsreceivable | 875,089,340.94 | ||
Total | 875,089,340.94 |
TherewerenoprovisionsforbaddebtswithsignificantamountstoberecoveredorclassifiedintheReportingPeriod.
(4)AccountsreceivableactuallywrittenoffinthecurrentyearTherewerenoaccountsreceivableactuallywrittenoffinthecurrentyear.
(5)Topfiveaccountsreceivableandcontractassetsintheclosingbalancecategorisedby
debtorsThetotalamountofaccountsreceivablewithtopfiveclosingbalancecategorisedbydebtorsinthecurrentyearwasRMB3,025,342,043.16,accountingfor79.98%ofthetotalclosingbalanceofaccountsreceivable.ThetotalclosingbalanceofprovisionforbaddebtscorrespondinglysetasidewasRMB473,153,943.17.
2.Otheraccountsreceivable
Item | Closingbalance | Openingbalance |
Interestreceivable | 6,325,400.49 | 3,878,580.64 |
Dividendsreceivable | 395,209,709.13 | 393,563,347.61 |
Otherreceivables | 7,560,988,861.81 | 9,944,884,426.80 |
Item | Closingbalance | Openingbalance |
Total | 7,962,523,971.43 | 10,342,326,355.05 |
2.1Interestreceivable
Item | Closingbalance | Openingbalance |
Interestontermdeposits | 6,325,400.49 | 3,878,580.64 |
Total | 6,325,400.49 | 3,878,580.64 |
2.2Dividendsreceivable
Item | Closingbalance | Openingbalance |
HongKongKonka | 115,209,709.13 | 113,563,347.61 |
SuiningKonkaIndustrialPark | 280,000,000.00 | 280,000,000.00 |
Total | 395,209,709.13 | 393,563,347.61 |
2.3Otherreceivables
(1)Classifiedbyaccountnature
Natureoffund | Bookbalanceattheendoftheyear | Bookbalanceatthebeginningoftheyear |
Intercoursefundsamongsubsidiaries | 9,069,786,800.21 | 11,299,542,985.57 |
Energy-savingsubsidiesreceivable | 141,549,150.00 | 141,549,150.00 |
Intercoursefundswithotherrelatedparties | 235,267,733.09 | 50,667,315.53 |
Deposit,securitydeposit,deposit | 12,721,943.88 | 17,354,107.03 |
Others | 99,060,310.98 | 375,797,998.76 |
Total | 9,558,385,938.16 | 11,884,911,556.89 |
(2)Otherreceivableslistedbyaging
Aging | Bookbalanceattheendoftheyear | Bookbalanceatthebeginningoftheyear |
Withinoneyear(inclusive) | 5,210,348,063.16 | 8,060,254,524.30 |
Onetotwoyears | 2,145,922,239.93 | 1,782,503,511.04 |
Twotothreeyears | 198,105,811.44 | 470,794,157.38 |
Threetofouryears | 439,082,181.54 | 1,006,460,259.82 |
Aging | Bookbalanceattheendoftheyear | Bookbalanceatthebeginningoftheyear |
Fourtofiveyears | 1,004,762,554.22 | 389,224,526.20 |
Overfiveyears | 560,165,087.87 | 175,674,578.15 |
Total | 9,558,385,938.16 | 11,884,911,556.89 |
(3)Classifiedpresentationofotherreceivablesbyprovisioningmethodsofbaddebts
Category | Closingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
Otherreceivablesofexpectedcreditlossessetasidebysingleitem | 2,110,298,248.95 | 22.08 | 1,958,251,651.39 | 92.80 | 152,046,597.56 |
Otherreceivablesofprovisionforbaddebtssetasidebycreditriskcharacteristicportfolio: | |||||
Agingportfolio | 84,338,231.39 | 0.88 | 32,163,233.75 | 38.14 | 52,174,997.64 |
Low-riskportfolio | 16,543,239.09 | 0.17 | 6,982,191.21 | 42.21 | 9,561,047.88 |
Groupingofrelatedparties | 7,347,206,218.73 | 76.87 | 7,347,206,218.73 | ||
Subtotalofportfolio | 7,448,087,689.21 | 77.92 | 39,145,424.96 | 0.53 | 7,408,942,264.25 |
Total | 9,558,385,938.16 | 100.00 | 1,997,397,076.35 | 20.90 | 7,560,988,861.81 |
(Continued)
Category | Openingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
Otherreceivablesof | 1,901,377,741.07 | 16.00 | 1,882,393,905.79 | 99.00 | 18,983,835.28 |
Category | Openingbalance | ||||
Bookbalance | Provisionforbaddebts | Carryingvalue | |||
Amount | Proportion(%) | Amount | Provisionpercentage(%) | ||
expectedcreditlossessetasidebysingleitem | |||||
Otherreceivablesofprovisionforbaddebtssetasidebycreditriskcharacteristicportfolio: | |||||
Agingportfolio | 94,419,620.35 | 0.79 | 54,385,072.09 | 57.60 | 40,034,548.26 |
Low-riskportfolio | 16,755,275.76 | 0.14 | 3,248,152.21 | 19.39 | 13,507,123.55 |
Groupingofrelatedparties | 9,872,358,919.71 | 83.07 | 9,872,358,919.71 | ||
Subtotalofportfolio | 9,983,533,815.82 | 84.00 | 57,633,224.30 | 0.58 | 9,925,900,591.52 |
Total | 11,884,911,556.89 | 100.00 | 1,940,027,130.09 | 16.32 | 9,944,884,426.80 |
1)Provisionsetasideforbaddebtsofotherreceivablesbythegeneralexpectedcredit
lossmodel
Provisionforbaddebts | PhaseI | PhaseII | PhaseIII | Total |
Expectedcreditlossforthenext12months | Expectedcreditlossduringthewholeoutstandingmaturity(withoutcreditimpairment) | Expectedcreditlossduringthewholeoutstandingmaturity(withcreditimpairment) | ||
Balanceasof1January2023 | 357,726.75 | 57,275,497.55 | 1,882,393,905.79 | 1,940,027,130.09 |
Balanceasof1January2023inthecurrentyear | -73,128.86 | 73,128.86 | ||
--TransferredtoPhaseII | -73,128.86 | 73,128.86 | ||
--TransferredtoPhaseIII | ||||
--ReclassifiedunderPhaseII |
--ReclassifiedunderPhaseI | ||||
Provisioninthecurrentyear | 557,099.12 | 75,857,745.60 | 76,414,844.72 | |
Recoveryinthecurrentyear | 19,044,898.46 | 19,044,898.46 | ||
Charge-offinthecurrentyear | ||||
Write-offinthecurrentyear | ||||
Otherchanges | ||||
Balanceasat31December2023 | 841,697.01 | 38,303,727.95 | 1,958,251,651.39 | 1,997,397,076.35 |
Note:Thefirststageisthatcreditriskhasnotincreasedsignificantlysinceinitialrecognition.Forotherreceivableswithanagingportfolioandalow-riskportfoliowithinoneyear,thelossprovisionismeasuredaccordingtotheexpectedcreditlossesinthenext12months.Thesecondstageisthatcreditriskhasincreasedsignificantlysinceinitialrecognitionbutcreditimpairmenthasnotyetoccurred.Forotherreceivableswithanagingportfolioandalow-riskportfoliothatexceedoneyear,thelossprovisionismeasuredbasedontheexpectedcreditlossesfortheentireduration.Thethirdstageisthecreditimpairmentafterinitialconfirmation.Forotherreceivablesofcreditimpairmentthathaveoccurred,thelossprovisionismeasuredaccordingtothecreditlossesthathaveoccurredthroughouttheduration.
(4)Provisionforbaddebtsofotherreceivablessetaside,recoveredorreclassifiedinthecurrentyearTheamountofprovisionforbaddebtsinthecurrentyearwasRMB57,369,946.26,andotherreceivablesactuallywrittenoffwereRMB0.00.
(5)OtherreceivablesactuallywrittenoffinthecurrentyearTherewerenootherreceivablesactuallywrittenoffinthecurrentyear.
(6)Otherreceivableswithtopfiveyear-endbalancescategorisedbydebtorsThetotalamountofotherreceivableswithtopfiveclosingbalancecategorisedbydebtorsinthecurrentyearwasRMB6,550,250,572.65,accountingfor68.53%ofthetotalclosingbalanceofotherreceivables.ThetotalclosingbalanceofprovisionforbaddebtscorrespondinglysetasidewasRMB1,744,736,434.49.
3.Long-termequityinvestment
Item | Closingbalance | Openingbalance | ||||
Bookbalance | Provisionforimpairment | Carryingvalue | Bookbalance | Provisionforimpairment | Carryingvalue | |
Investmentinsubsidiaries | 7,156,825,933.98 | 781,480,000.00 | 6,375,345,933.98 | 7,277,554,047.75 | 781,480,000.00 | 6,496,074,047.75 |
Investmentinassociatedenterprisesandjointventures | 2,279,596,484.20 | 301,754,900.04 | 1,977,841,584.16 | 2,824,333,468.08 | 219,718,378.41 | 2,604,615,089.67 |
Total | 9,436,422,418.18 | 1,083,234,900.04 | 8,353,187,518.14 | 10,101,887,515.83 | 1,001,198,378.41 | 9,100,689,137.42 |
(1)Investmentinsubsidiaries
Investee | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance | Impairmentprovisionsetasideinthecurrentyear | Closingbalanceoftheprovisionforimpairment |
KonkaVentures | 2,550,000.00 | 2,550,000.00 | ||||
AnhuiKonka | 122,780,937.98 | 122,780,937.98 | ||||
KonkaElectronicMaterials | 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 |
Investee | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance | Impairmentprovisionsetasideinthecurrentyear | Closingbalanceoftheprovisionforimpairment |
KonkaEurope | 3,637,470.00 | 3,637,470.00 | ||||
TelecommunicationTechnology | 360,000,000.00 | 360,000,000.00 | ||||
MobileInterconnection | 100,000,000.00 | 100,000,000.00 | ||||
AnhuiTongchuang | 779,702,612.22 | 779,702,612.22 | ||||
Kangjiatong | 30,749,800.00 | 30,749,800.00 | ||||
PengrunTechnology | 25,500,000.00 | 25,500,000.00 | ||||
BeijingKonkaElectronic | 200,000,000.00 | 200,000,000.00 | ||||
KonkaCircuit | 297,650,000.00 | 139,400,000.00 | 437,050,000.00 | |||
HongKongKonka | 781,828.61 | 781,828.61 | ||||
KonkaInvestment | 500,000,000.00 | 500,000,000.00 | ||||
ElectronicsTechnology | 1,000,000,000.00 | 1,000,000,000.00 | ||||
KonkaHuanjia | 91,800,000.00 | |||||
ShanghaiKonka | 40,000,000.00 | 40,000,000.00 | ||||
JiangxiKonka | 689,680,000.00 | |||||
ShenzhenNianhua | 30,000,000.00 | 30,000,000.00 |
Investee | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance | Impairmentprovisionsetasideinthecurrentyear | Closingbalanceoftheprovisionforimpairment |
ShenzhenKONSEMI | 100,000,000.00 | 100,000,000.00 | ||||
KonkaEco-Development | 50,000.00 | 50,000.00 | ||||
SuiningKonkaIndustrialPark | 200,000,000.00 | 200,000,000.00 | ||||
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 | ||||
ChongqingKonkaOptoelectronicTechnology | 933,333,333.33 | 933,333,333.33 | ||||
KowinMemory(Shenzhen) | 192,520,000.00 | 192,520,000.00 | ||||
NingboKanghrElectricalAppliance | 90,000,000.00 | 90,000,000.00 |
Investee | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance | Impairmentprovisionsetasideinthecurrentyear | Closingbalanceoftheprovisionforimpairment |
KonkaIntelligentManufacturing | 510.00 | 510.00 | ||||
SuiningJiarunProperty | 10,000,000.00 | 10,000,000.00 | ||||
YibinKangrun | 67,000,000.00 | 67,000,000.00 | ||||
HainanKonkaMaterialTechnology | 9,205,452.93 | 9,205,452.93 | ||||
KonkaCross-border(Hebei) | 50,000,000.00 | 50,000,000.00 | ||||
KonkaHuazhong | 30,000,000.00 | 30,000,000.00 | ||||
GuizhouKangguiMaterialTechnology | 70,000,000.00 | 42,000,000.00 | 28,000,000.00 | |||
NantongKanghai | 15,300,000.00 | 15,300,000.00 | ||||
JiangxiKonkaHigh-techPark | 50,000,000.00 | 50,000,000.00 | ||||
ShangraoKonkaElectronicTechnologyInnovation | 30,000,000.00 | 30,000,000.00 | ||||
SichuanHongxinchen | 20,000,000.00 | 20,000,000.00 | ||||
Xi'anKanghong | 12,000,000.00 | 12,000,000.00 |
Investee | Openingbalance | Increaseinthecurrentyear | Decreaseinthecurrentyear | Closingbalance | Impairmentprovisionsetasideinthecurrentyear | Closingbalanceoftheprovisionforimpairment |
TechnologyIndustry | ||||||
Xi'anKonkaIntelligentTechnology | 50,000,000.00 | 50,000,000.00 | ||||
TianjinKonka | 171,603,013.77 | 171,603,013.77 | ||||
SongyangKonkaIntelligent | 30,000,000.00 | 30,000,000.00 | ||||
KonkaNorthChina | 30,000,000.00 | 30,000,000.00 | ||||
Total | 6,496,074,047.75 | 139,400,000.00 | 260,128,113.77 | 6,375,345,933.98 | 781,480,000.00 |
(2)Investmentinassociatedenterprisesandjointventures
Investee | Balanceasattheendoflastyear | Changesinthecurrentyear | |||
Increaseintheinvestment | Decreaseintheinvestment | Profitorlossofinvestmentrecognisedbytheequitymethod | Changesinothercomprehensiveincome | ||
AnhuiKaikaiShijieE-commerceCo.,Ltd. | 17,400,738.44 | 93,109.02 | |||
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 219,065,984.22 | -52,251,209.71 | |||
ChutianDragonCo.,Ltd. | 523,726,463.18 | 109,831,325.31 | |||
ShanxiSilkRoadCloudIntelligentTechCo.,Ltd. | 13,333,698.78 | -8,144,973.65 | -1,136.65 |
Investee | Balanceasattheendoflastyear | Changesinthecurrentyear | |||
Increaseintheinvestment | Decreaseintheinvestment | Profitorlossofinvestmentrecognisedbytheequitymethod | Changesinothercomprehensiveincome | ||
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | |||||
ShenzhenZhongkangBeidouTechnologyCo.,Ltd.(formerlynamed:ShenzhenZhongbingKonkaTechnologyCo.,Ltd.) | |||||
ShenzhenKangjiaJiapinIntelligentElectricalApparatusTechnologyCo.,Ltd. | 5,371,364.87 | 1,719,225.60 | |||
ShenzhenYaodeTechnologyCo.,Ltd. | |||||
WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 352,295,640.91 | 35,840,487.27 | |||
ShenzhenKONKAE-displayCo.,Ltd. | 12,567,702.52 | 2,778,976.23 | 8,655.99 | ||
ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 5,899,324.39 | -5,899,324.39 | |||
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 172,987,384.01 | -36,821,079.39 | |||
NantongKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | 5,625,680.96 | ||||
ShenzhenKangyueEnterpriseCo.,Ltd. | 2,999,091.61 | -2,769,080.00 | |||
DongguanGuankangYuhongInvestmentCo.,Ltd. |
Investee | Balanceasattheendoflastyear | Changesinthecurrentyear | |||
Increaseintheinvestment | Decreaseintheinvestment | Profitorlossofinvestmentrecognisedbytheequitymethod | Changesinothercomprehensiveincome | ||
ChongqingYuanlvBenpaoRealEstateCo.,Ltd. | |||||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 10,835,065.75 | -2,558,013.46 | |||
E3info(Hainan)TechnologyCo.,Ltd. | 8,574,609.73 | ||||
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 3,411,153.10 | -1,641,132.09 | |||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 4,135,456.96 | -4,135,456.96 | |||
ShandongEconTechnologyCo.,Ltd. | 1,044,184,489.99 | -29,643,085.83 | |||
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | 3,950,928.27 | -93,956.95 | |||
ChongqingE2infoTechnologyCo.,Ltd. | 163,744,169.42 | 28,155,362.85 | |||
SichuanChengruiRealEstateCo.,Ltd. | 7,851,192.26 | -7,851,192.26 | |||
WuhanKangtangInformationTechnologyCo.,Ltd. | 26,654,950.30 | -897,727.70 | |||
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | 6,161,929.55 | -3,702,243.10 | |||
Total | 2,604,615,089.67 | 6,161,929.55 | 109,831,325.31 | -87,914,423.54 | 100,628.36 |
(Continued)
Investee | Changesinthecurrentyear | Closingbalance | Endingbalanceofdepreciationreserve | |||
Changesinotherequities | Cashdividendsorprofitsdeclaredtobedistributed | Provisionsetasideforimpairment | Others | (Carryingvalue) | ||
AnhuiKaikaiShijieE-commerceCo.,Ltd. | 17,493,847.46 | |||||
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 53,900,000.00 | 112,914,774.51 | ||||
ChutianDragonCo.,Ltd. | -413,895,137.87 | |||||
ShanxiSilkRoadCloudIntelligentTechCo.,Ltd. | 5,187,588.48 | |||||
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | 5,158,909.06 | |||||
ShenzhenZhongkangBeidouTechnologyCo.,Ltd.(formerlynamed:ShenzhenZhongbingKonkaTechnologyCo.,Ltd.) | ||||||
ShenzhenKangjiaJiapinIntelligentElectricalApparatusTechnologyCo.,Ltd. | 7,090,590.47 | |||||
ShenzhenYaodeTechnologyCo.,Ltd. | 214,559,469.35 | |||||
WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 127,671,222.93 | 3,078,000.00 | 512,729,351.11 | |||
ShenzhenKONKAE-displayCo.,Ltd. | 15,355,334.74 | |||||
ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. |
Investee | Changesinthecurrentyear | Closingbalance | Endingbalanceofdepreciationreserve | |||
Changesinotherequities | Cashdividendsorprofitsdeclaredtobedistributed | Provisionsetasideforimpairment | Others | (Carryingvalue) | ||
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 136,166,304.62 | |||||
NantongKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | 5,625,680.96 | |||||
ShenzhenKangyueEnterpriseCo.,Ltd. | 230,011.61 | 230,011.61 | ||||
DongguanGuankangYuhongInvestmentCo.,Ltd. | ||||||
ChongqingYuanlvBenpaoRealEstateCo.,Ltd. | ||||||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 8,277,052.29 | |||||
E3info(Hainan)TechnologyCo.,Ltd. | 8,574,609.73 | |||||
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 1,770,021.01 | |||||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | ||||||
ShandongEconTechnologyCo.,Ltd. | -4,074,486.01 | 81,806,510.02 | 928,660,408.13 | 81,806,510.02 | ||
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd.. | 3,856,971.32 | |||||
ChongqingE2infoTechnologyCo.,Ltd. | -5,977,391.99 | 185,922,140.28 |
Investee | Changesinthecurrentyear | Closingbalance | Endingbalanceofdepreciationreserve | |||
Changesinotherequities | Cashdividendsorprofitsdeclaredtobedistributed | Provisionsetasideforimpairment | Others | (Carryingvalue) | ||
SichuanChengruiRealEstateCo.,Ltd. | ||||||
WuhanKangtangInformationTechnologyCo.,Ltd. | 25,757,222.60 | |||||
SichuanHongxinchenRealEstateDevelopmentCo.,Ltd. | 2,459,686.45 | |||||
Total | 117,619,344.93 | 56,978,000.00 | 82,036,521.63 | -413,895,137.87 | 1,977,841,584.16 | 301,754,900.04 |
Note1:Theaboveinvesteesareallassociatedenterprises.Note2:"Other"representstheconversionoflong-termequityinvestmentsaccountedforundertheequitymethodtofinancialassets.
KonkaGroupCo.,Ltd.AnnualReport2023
4.Operatingrevenueandcostofsales
(1)Operatingincomeandoperatingcosts
Item | Amountincurredinthecurrentyear | Amountincurredlastyear | ||
Income | Cost | Income | Cost | |
Principalbusiness | 1,677,401,625.28 | 1,809,632,592.29 | 1,624,421,165.68 | 1,872,104,013.01 |
Otherbusiness | 170,593,467.51 | 71,483,083.62 | 187,362,353.34 | 90,386,351.96 |
Total | 1,847,995,092.79 | 1,881,115,675.91 | 1,811,783,519.02 | 1,962,490,364.97 |
(2)Informationinrelationtothetradepriceapportionedtotheresidualcontractperformance
obligationTheamountofrevenuecorrespondingtoperformanceobligationsthathavebeencontractedbuthavenotyetbeenfulfilledorcompletedattheendoftheyearisRMB15,506,737.84,ofwhichRMB15,506,737.84isexpectedtoberecognisedasrevenuein2024.
5.Investmentincome
Item | Amountincurredinthecurrentyear | Amountincurredlastyear |
Long-termequityinvestmentincomecalculatedbythecostmethod | 125,381,404.76 | |
Returnsonlong-termequityinvestmentscalculatedbytheequitymethod | -87,914,423.54 | 138,908,805.41 |
Returnoninvestmentarisingfromthedisposaloflong-termequityinvestments | 197,370,626.59 | 275,394,866.81 |
Conversionoflong-termequityinvestmentsaccountedforbytheequitymethodtofinancialassets | 574,780,174.75 | |
Investmentincomefromdisposaloffinancialassetsatfairvaluethroughprofitorloss | -55,975,275.41 | |
Interestincomefromdebtinvestmentsduringtheholdingperiod | 6,532,591.02 | 4,640,244.26 |
Returnoninvestmentinthefinancialassetsheldfortradingduringtheholdingperiod | 9,383,976.00 | |
Others | 500,000.00 | -5,378,929.04 |
Total | 644,677,669.41 | 538,946,392.20 |
XVIII.SupplementaryMaterialstotheFinancialStatements
KonkaGroupCo.,Ltd.AnnualReport2023
1.Itemsandamountsofnon-recurringprofitorlossinthecurrentyear
Item | Amountofcurrentyear | Notes |
Profitorlossesondisposalofnon-currentassets(includingtheportionoffsetforprovisionsforassetimpairment) | 198,866,019.16 | |
Governmentsubsidiesincludedinprofitandlossofthecurrentperiod(exceptforgovernmentsubsidiesthatarecloselyrelatedtotheCompany'snormalbusinessoperation,complywithnationalpoliciesandareenjoyedinaccordancewithdefinedcriteria,andhaveacontinuingimpactontheCompany'sprofitorloss) | 264,798,178.16 | |
Profitorlossesfromchangesinfairvalueoffinancialassetsandliabilitiesheldbynon-financialcorporationsandprofitorlossesfromthedisposaloffinancialassetsandliabilities,exceptforeffectivehedgingoperationsrelatedtotheCompany'snormalbusinessoperations | -88,236,451.43 | |
Dispossessionsurchargetonon-financialinstitutionsincludedinthecurrentprofitandloss | ||
Gain/Lossonentrustingotherswithinvestmentsorassetmanagement | ||
Gain/lossonentrustmentloans | 118,808,006.95 | |
Lossesonassetsresultedfromforcemajeurefactorssuchasnaturaldisasters | ||
Reclassificationofimpairmentlossallowancesofreceivablesseparatelytestedforimpairment | 3,055,800.22 | |
Profitsarisingfrombusinesscombinationwhenthecombinedcostislessthantherecognisedfairvalueofnetassetsofthemergedcompany | ||
Currentnetprofitorlossofsubsidiariesacquiredinbusinesscombinationunderthesamecontrolfromperiod-beginningtocombinationdate | ||
Profit/Lossonnon-monetaryassetswap | ||
Profit/Lossondebtrestructuring | ||
One-timecostsincurredbyanenterpriseasaresultofthediscontinuationofarelatedoperatingactivity,suchasexpensesforrelocatingemployees | ||
One-timeimpactonprofitorlossforthecurrentperiodduetoadjustmentsintax,accountingandotherlawsandregulations | ||
One-timerecognitionofshare-basedpaymentexpenseduetocancellationandmodificationofequityincentiveplans | ||
Cash-settledshare-basedpayments,profitorlossesarisingfromchangesinthefairvalueofemployeecompensationpayableafterthedateofexercisability | ||
Gain/lossonchangeinfairvalueofinvestmentpropertyofwhichthefollow-upmeasurementiscarriedoutadoptingfairvaluemethod | ||
Incomefromtransactionsatsignificantlyunfairprices | ||
ProfitandlossesarisingfromcontingenciesunrelatedtothenormaloperationoftheCompany'sbusiness |
KonkaGroupCo.,Ltd.AnnualReport2023
Item | Amountofcurrentyear | Notes |
Custodianfeesearnedfromentrustedoperation | ||
Non-operatingincomeandexpensesotherthanthoselistedabove | -64,433,346.64 | |
Otherprofitandlossitemsinlinewiththedefinitionofnon-recurringgainsandlosses | 571,315,980.43 | |
Subtotal | 1,004,174,186.85 | |
Less:Incometaxeffect | 239,431,992.39 | |
Effectofminorityshareholders'equities(aftertax) | 14,087,171.21 | |
Total | 750,655,023.25 | - |
(1)Specificinformationonotherprofitandlossitemsthatmeetthedefinitionofnonrecurringgainsandlosses:
Item | Amount | Reasons |
ChutianDragonCo.,Ltd. | 574,780,174.75 | Themainreasonisthatthecompanydisposedofaportionofitsequityinasubsidiaryholdingcompany,whichnolongerhasasignificantimpact,resultinginachangeintheaccountingmethodforthisreportingperiod,fromlong-termequityinvestments(equitymethod)totradingfinancialassets,resultinginnonrecurringgainsandlosses. |
(2)TheCompanyrecognisesitemsthatarenotlistedintheExplanatoryAnnouncementNo.1onInformationDisclosurebyCompaniesOfferingSecuritiestothePublic--Non-recurringProfitorLoss(Revisedin2023)asnon-recurringprofitorlossitems,andthethoseinvolvingsignificantmountsaswellasthenon-recurringprofitorlossitemslistedasrecurringprofitorlossitems
Item | Amount | Reasons |
Softwaretaxrefund | 5,819,853.78 | Governmentsubsidieswhicharecloselyrelatedtothenormalbusinessofthecompanyandwhichareinaccordancewithnationalpoliciesandcertainstandardquotaorquantitativeamount |
2.Returnonnetassetsandearningspershare
ProfitfortheReportingPeriod | WeightedaverageWeightedaveragereturnonnetassets(%) | EPS(RMB/share) | |
Basicearningspershare | Dilutedearningspershare | ||
NetprofitattributabletoordinaryshareholdersoftheCompanyastheParent | -32.58 | -0.8986 | -0.8986 |
NetprofitattributabletoordinaryshareholdersoftheCompanyasthe | -43.89 | -1.2103 | -1.2103 |
KonkaGroupCo.,Ltd.AnnualReport2023
TheBoardofDirectorsKonkaGroupCo.,Ltd.
1April2024