Hikvision 2022 Q3 ReportStock Exchange Code：002415 Abbreviation of Securities：HikvisionNo：2022-062
Hangzhou Hikvision Digital Technology Co., Ltd.
2022 3
rd
Quarter ReportThe Company and all members of the Board of Directors guarantee that the informationdisclosed is true, accurate and complete without false records, misleading statementsor material omissions.Important Content Notes:
1. The Board of Directors, Board of Supervisors, directors, supervisors and seniormanagement of Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafterreferred to as the “Company”) hereby guarantee that the information presented inthis report shall be together be wholly liable for the truthfulness, accuracy andcompleteness of its contents and free of any false records, misleading statements ormaterial omissions, and will undertake individual and joint legal liabilities.
2. Chen Zongnian, the Company's legal representative, Jin Yan, the person in charge
of the accounting work, and Zhan Junhua, the person in charge of accountinginstitution (accounting supervisor) hereby declare and warrant that the financialinformation in this report is authentic, accurate and complete.
3. Whether the 3
rd
quarter report has been audited
□Yes√ No
Hikvision 2022 Q3 ReportI. Key Financial Data
1. Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment or restatement of the previous accounting data
□Yes√ No
Unit: RMB
The total share capital of the Company as of the previous trading day of the financial report disclosure:
| The total share capital of the Company as of the previous trading day of the financial report disclosure (share) | 9, 433,208,719 |
Fully diluted earnings per share calculated using the latest share capital:
| Fully diluted earnings per share (RMB/share) calculated with the latest share capital | 0.9371 |
| 2022 Q3 | YoY Change(%) between 2022 Q3 and 2021 Q3 | 2022 Q1~Q3 | YoY Change(%) between 2022 Q1~Q3 and 2021 Q1~Q3 | |||
| Revenue (RMB) | 22,464,020,301.15 | 3.39% | 59,721,536,891.77 | 7.36% | ||
| Net profit attributable to shareholders of the Company (RMB) | 3,081,001,112.19 | -31.29% | 8,840,255,887.45 | -19.38% | ||
| Net profit attributable to shareholders of the Company excluding non-recurring gains and losses (RMB) | 2,879,656,597.51 | -35.61% | 8,525,515,615.02 | -20.28% | ||
| Net cash flows from operating activities (RMB) | — | — | 160,117,141.04 | -95.93% | ||
| Basic earnings per share (RMB/share) | 0.331 | -30.90% | 0.938 | -20.44% | ||
| Diluted earnings per share (RMB/share) | 0.331 | -30.90% | 0.938 | -20.37% | ||
| Weighted average ROE | 4.84% | -3.27% | 13.64% | -6.52% | ||
| On September 30th 2022 | On December 31st 2021 | Change(%) between December 31st 2021 and September 30th 2022 | ||||
| Total assets (RMB) | 110,264,398,002.69 | 103,864,543,195.18 | 6.16% | |||
| Net assets attributable to shareholders of the Company (RMB) | 65,309,509,415.09 | 63,460,886,665.26 | 2.91% | |||
2. Items and Amounts of Non-recurring Gains and Losses
√ Applicable □ Inapplicable
Unit：RMB
| Item | Amount occurred in the current reporting period (2022 Q3) | January 1st 2022– September 30th 2022 |
| Profit or loss from disposal of non-current assets (including the write-off for the impairment provision of assets) | -32,434.21 | -11,345,706.57 |
| Government subsidies included in the current profit and loss (except for government subsidies that are closely related to the Company's regular business operations, comply with national policies, and those that are continuously enjoyed in accordance with a certain standard fixed or quantitative basis) | 170,159,929.69 | 331,748,670.49 |
| Investment income from disposal of subsidiaries, other business units and other non-current financial assets | - | 4,635,870.42 |
| Profits and losses attributed to change in fair value for held-for-trading financial assets and held-for-trading financial liabilities; and investment income from disposal of held-for-trading financial assets, held-for-trading financial liabilities, and available-for-sale financial assets, excluding the effective hedging business related to the regular business operation of the Company. | 55,904,360.55 | 20,066,360.15 |
| Other non-operating income and expenditures except the items mentioned above | 36,541,046.11 | 64,996,121.26 |
| Less: Impact of income tax | 40,693,060.68 | 57,575,131.08 |
| Impact of the minority interests (after tax) | 20,535,326.78 | 37,785,912.24 |
| Total | 201,344,514.68 | 314,740,272.43 |
Details of other profit and loss items that meet the definition of non-recurring profit and loss:
□ Applicable √ Inapplicable
The Company does not have other specific conditions of profit and loss items that meet the definition of non-recurring profit and loss.
Explanations on classifying any non-recurring gain/loss item mentioned in the <Explanatory Announcement No. 1on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and Losses>as recurring gain/loss item.
□ Applicable √ Inapplicable
The Company does not classify any non-recurring gain/loss item mentioned in the <Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains andLosses> as recurring gain/loss item.
3. Information and Explanation about Variations in Key Accounting Data and Financial Indicators
√Applicable □Inapplicable
3.1 Explanation for variations in balance sheet items
| Item | Balance on September 30th 2022 (RMB) | Balance on December 31st 2021 (RMB) | Change (%) | Note of Changes |
| Held-for-trading financial assets | 61,783,478.39 | 34,320,010.83 | 80.02% | Increase in changes in fair values of foreign exchange hedging business caused by relatively large fluctuation in foreign exchange rate |
| Held-for-trading financial liabilities | 49,553,366.69 | 4,062,317.57 | 1119.83% | |
| Notes receivable | 2,066,974,275.75 | 1,522,760,905.30 | 35.74% | No significant change |
| Receivables for financing | 1,058,652,095.16 | 1,316,035,122.06 | -19.56% | |
| Other receivables | 595,808,517.94 | 359,620,445.88 | 65.68% | Increase in temporary payments for receivables and guarantee deposits receivables |
| Construction in progress | 3,886,577,801.85 | 2,323,336,098.68 | 67.28% | Increase in construction investments on Science and Technology Parks in various locations |
| Notes payable | 929,850,659.19 | 1,339,998,383.34 | -30.61% | Decrease in notes settlement |
| Other payables | 3,183,713,231.70 | 1,830,626,583.03 | 73.91% | Increase in accrued project payments and unexpired commercial acceptance bills that were endorsed |
| Long-term borrowings | 7,497,879,116.81 | 3,284,371,642.52 | 128.29% | Increase in demands for long-term working capital |
| Deferred income | 1,115,979,063.56 | 738,586,458.05 | 51.10% | Increase in government subsidy related to assets and future income |
| Other non-current liabilities | 2,832,037,099.11 | 534,334,158.27 | 430.01% | Increase in share capital and capital reserves caused by the grant completion of 2021 restricted share incentive plan; increase in other non-current liabilities and treasury shares due to the increased number of shares that are subject to trading restriction(s) |
| Capital reserves | 9,045,666,975.81 | 5,404,070,600.07 | 67.39% | |
| Treasury shares | 3,304,135,992.99 | 1,023,188,723.04 | 222.93% | |
| Other comprehensive income | -36,981,126.60 | -77,184,125.29 | 52.09% | Increase in exchange differences arising on conversion of financial statements denominated in foreign currencies caused by fluctuation in foreign exchange rate assets |
| Minority equity | 2,572,652,471.30 | 1,933,755,610.62 | 33.04% | Holding subsidiaries were profitable |
3.2 Explanation for variations in income statement items
| Items | 2022 Q1 ~ 2022 Q3 (RMB) | 2021 Q1 ~ 2021 Q3 (RMB) | YoY Change (%) | Note of changes |
| Financial expenses | -937,194,664.41 | -218,286,014.68 | -329.34% | Increase in foreign exchange gains and interest income |
| Losses from changes in fair value | -69,558,120.87 | -46,332,817.33 | -50.13% | Increase in losses from changes in fair value of other non-current financial assets |
| Non-operating expenses | 11,756,007.04 | 72,515,784.28 | -83.79% | 50 million RMB was donated to Henan disaster during the same period of the previous year, and there were no large donations during the current reporting period |
3.3 Explanation for variations in cash flow statement items
| Item | 2022 Q1 ~ 2022 Q3 (RMB) | 2021 Q1 ~ 2021 Q3 (RMB) | YoY Change (%) | Note of changes |
| Net cash flows from operating activities | 160,117,141.04 | 3,931,930,902.23 | -95.93% | Increase in inventory purchases and employee compensation |
Net cash flows fromfinancing activities
| Net cash flows from financing activities | -2,192,941,054.57 | -8,033,456,844.34 | 72.70% | Received the subscription payment of 2021 restricted shares and increase in net borrowing inflow |
Hikvision 2022 Q3 ReportII. Shareholder Information
1. Number of Common Shareholders and Preferred Shareholders with Resumed Voting Rights andInformation about Top 10 Shareholders
Unit: Share
| Total number of common shareholders at the end of the reporting period | 537,996 | Total number of preferred shareholders (if any) whose voting rights have been recovered at the end of the reporting period (if any) | 0 | ||||
| Particulars about top 10 shareholders | |||||||
| Name of shareholder | Nature of shareholder | Share-holding percentage (%) | Total shares held at the period-end | The number of common shares held with trading restrictions | Pledged, marked or frozen | ||
| Status | Amount | ||||||
| China Electronics Technology HIK Group Co., Ltd. | Domestic State-owned corporation | 36.08% | 3,403,879,509 | - | Pledged | 50,000,000 | |
| Gong Hongjia | Overseas individual | 10.20% | 962,504,814 | - | Pledged | 120,270,000 | |
| Hangzhou Weixun Equity Investment Partnership (Limited Partnership) | Domestic non-state-owned corporation | 4.78% | 450,795,176 | - | Pledged | 28,900,000 | |
| Shanghai Perseverance Asset Management Partnership (Limited Partnership) - Perseverance Adjacent Mountain 1 Yuanwang Fund | Other | 4.58% | 432,000,000 | - | - | - | |
| CETC Investment Holdings Co., Ltd. | Domestic State-owned corporation | 2.46% | 232,307,903 | - | - | ||
| Hangzhou Pukang Equity Investment Partnership (Limited Partnership) | Domestic non-state-owned corporation | 1.93% | 182,510,174 | - | Pledged | 132,033,000 | |
| The 52nd Research Institute at China Electronics Technology Group Co. Ltd. | Domestic State-owned corporation | 1.92% | 180,775,044 | - | - | - | |
| Hu Yangzhong | Domestic Individual | 1.65% | 155,246,477 | 116,434,858 | - | - | |
| Central Huijin Investment Co., Ltd. | Domestic State-owned corporation | 0.69% | 64,700,691 | - | - | - | |
| Hong Kong Securities Clearing Company Ltd.(HKSCC) | Overseas corporation | 0.49% | 45,793,041 | - | - | - | |
| Particulars about shares held by the Top 10 common shareholders holding shares that are not subject to trading restriction(s) | |||||||
| Name of shareholder | Number of common shares without trading restrictions held at the period-end | Type of shares | |||||
| Type | Number | ||||||
| China Electronics Technology HIK Group Co., Ltd. | 3,403,879,509 | RMB common shares | 3,403,879,509 | ||||
| Gong Hongjia | 962,504,814 | RMB common shares | 962,504,814 | ||||
| Hangzhou Weixun Equity Investment Partnership (Limited Partnership) | 450,795,176 | RMB common shares | 450,795,176 |
| Shanghai Perseverance Asset Management Partnership (Limited Partnership) - Perseverance Adjacent Mountain 1 Yuanwang Fund | 432,000,000 | RMB common shares | 432,000,000 |
| CETC Investment Holdings Co., Ltd | 232,307,903 | RMB common shares | 232,307,903 |
| Hangzhou Pukang Equity Investment Partnership (Limited Partnership) | 182,510,174 | RMB common shares | 182,510,174 |
| The 52nd Research Institute at China Electronics Technology Group Co. Ltd | 180,775,044 | RMB common shares | 180,775,044 |
| Central Huijin Investment Co., Ltd. | 64,700,691 | RMB common shares | 64,700,691 |
| Hong Kong Securities Clearing Company Ltd.(HKSCC) | 45,793,041 | RMB common shares | 45,793,041 |
| Industrial and Commercial Bank of China- Co., Ltd. – Invesco Great Wall Emerging Growth Mixed Securities Fund | 39,999,961 | RMB common shares | 39,999,961 |
| Explanation on associated relationship and concerted actions among above shareholders | China Electronics Technology HIK Group Co., Ltd., CETC Investment Holdings Co., Ltd. and The 52nd Research Institute at China Electronics Technology Group Co., Ltd. are all subject to control of China Electronics Technology Group Co. Ltd.. Ms. Chen Chunmei, limited partner of Hangzhou Pukang Equity Investment Partnership (Limited Partnership), is the spouse of Mr. Gong Hongjia, overseas individual shareholder of the Company. Hu Yangzhong, domestic individual, is holding shares in both Hangzhou Weixun Equity Investment Partnership (Limited Partnership) and Hangzhou Pukang Equity Investment Partnership (Limited Partnership). Except for these, the Company does not know whether the other shareholders are related parties or whether they are acting-in-concert parties in accordance with the Administration of the Takeover of Listed Companies Procedures. | ||
2. Total Number of Preferred Shareholders and Information about Top 10 Preferred Shareholders
□ Applicable √ Inapplicable
III. Significant Events
√Applicable □Inapplicable
On December 30
th 2021, the 7
th meeting of the 5
thsession of the Board of Directors of the Companydeliberated on and approved the Proposal on Authorizing Company Management to Begin Preparatory Work forthe Split-off and Domestic Listing of Subsidiary Hangzhou Hikrobot Technology Co., Ltd., which authorized themanagement of the Company to begin preparatory work for the Split-off and domestic listing of subsidiaryHangzhou Hikrobot Technology Co., Ltd.. For details, please refer to the Announcement on Authorizing CompanyManagement to Begin Preparatory Work for the Split-off and Domestic Listing of Subsidiary Hangzhou HikrobotTechnology Co., Ltd. published by the Company on cninfo website (www.cninfo.com.cn) on December 31
st2021(Announcement No. 2021-074). On June 10
th 2022, the 11
th meeting of the 5
thsession of the Board of Directorsand the 11
th meeting of the 5
thsession of the Board of Supervisors reviewed and approved the relevant proposalsincluding Proposal on the Initial Public Offering of Shares by Hangzhou Hikrobot Technology Co., Ltd., aSubsidiary of the Company, and Listing on the SZSE ChiNext Market, and Plan on Spin-off of Hangzhou HikrobotTechnology Co., Ltd., a subsidiary of the Company, and Listing on the SZSE ChiNext Market. Approved the initialpublic offering of RMB common shares (A shares) and listing on the SZSE ChiNext Market by the subsidiaryHikRobot after completing the joint-stock system reform. For details, please refer to the Plan on Spin-off ofHangzhou Hikrobot Technology Co., Ltd., a Subsidiary of the Company, and Listing on the SZSE ChiNext Marketpublished by the Company on June 11
th 2022 on cninfo website (www.cninfo.com.cn). On July 20
th 2022, the 5
th
meeting of the 5
th
session of the Board of Directors' Strategy Committee in 2022 reviewed and approved theProposal on the Change of the Hangzhou Hikrobot Technology Co., Ltd., a Holding Subsidiary of the Company, toa Limited-Liability Company by Shares. On July 21
st
2022, HikRobot was established as a limited-liabilitycompany by shares as a whole.
On September 15
th2022 and October 10
th
, the Company held the 13
th
meeting of the 5
th
session of the Boardof Directors and the second extraordinary general meeting of shareholders respectively, deliberated and approvedthe Proposal on the Plan of Repurchase Part of the Company's Public Shares, approved the Company using itsown fund to repurchase part of its RMB common shares (A shares) that have been issued domestically by meansof centralized bidding through the trading system of the SZSE, the aggregate amount of repurchase funds shall notexceed RMB2.5 billion (inclusive) and not less than RMB 2 billion (inclusive), the repurchase price shall notexceed RMB40 per share (inclusive), the implementation period of the repurchase shall not exceed 12 months
Hikvision 2022 Q3 Reportfrom the date of the general meeting of shareholders of the Company at which the proposal on the plan ofrepurchase part of the Company's public shares is reviewed and approved, and the Company will make repurchasedecisions and implement them based on market conditions during the repurchase period. The shares repurchasedby the Company will be cancelled for reducing the registered capital according to law. For details, please refer tothe Announcement on Resolutions of 13
th
Meeting of the 5
thSession of the Board of Directors (AnnouncementNo.: 2022-049), the Announcement on the Plan of Repurchase Part of the Company's Public Shares(Announcement No.: 2022-050), the Announcement on Resolutions of the Second Extraordinary General Meetingof Shareholders (Announcement No.: 2022-056), the Report on the Plan of Repurchase Part of the Company'sPublic Shares (Announcement No.: 2022-057) published by the Company on cninfo website(www.cninfo.com.cn) on September 16
th
2022, October 11
th2022, respectively. On October 11
th2022, theCompany first repurchased 6,820,968 shares of the Company by means of centralized bidding through a dedicatedsecurities account for the repurchase, accounting for 0.0723% of the Company's current total share capital, thehighest transaction price was RMB29.65 per share, the lowest transaction price was RMB28.71 per share, and thetotal transaction amount was RMB199,981,024.67 (excluding transaction fees). For details, please refer to theAnnouncement on the Initial Repurchase of the Company's Shares (Announcement No.: 2022-059) published bythe Company on cninfo website (www.cninfo.com.cn) on October 12
th2022.
Related inquiries on important information disclosure website:
| Title of the temporary public announcement | Disclosure Date | Disclosure website of the temporary public announcement |
| Plan on Spin-off of Hangzhou Hikrobot Technology Co., Ltd., a subsidiary of the Company, and Listing on the SZSE ChiNext Market | June 11th 2022 | www.cninfo.com.cn |
| Announcement on Resolutions of 13th Meeting of the 5th Session of the Board of Directors (Announcement No.: 2022-049) | September 16th 2022 | www.cninfo.com.cn |
| Announcement on the Plan of Repurchase Part of the Company's Public Shares (Announcement No.: 2022-050) | September 16th 2022 | www.cninfo.com.cn |
| Announcement on Resolutions of the Second Extraordinary General Meeting of Shareholders (Announcement No.: 2022-056) | October 11th 2022 | www.cninfo.com.cn |
| Report on the Plan of Repurchase Part of the Company's Public Shares (Announcement No.: 2022-057) | October 11th 2022 | www.cninfo.com.cn |
| Announcement on the Initial Repurchase of the Company's Shares (Announcement No.: 2022-059) | October 12th 2022 | www.cninfo.com.cn |
Hikvision 2022 Q3 ReportIV. Quarterly Financial Reports
1. Financial Statements
1.1 Consolidated balance sheet
Unit: RMB
| Item | September 30th 2022 | December 31st 2021 |
| Current Assets: | ||
| Cash and bank balances | 30,341,823,514.42 | 34,721,870,931.36 |
| Held-for-trading financial assets | 61,783,478.39 | 34,320,010.83 |
| Notes receivable | 2,066,974,275.75 | 1,522,760,905.30 |
| Accounts receivable | 31,771,688,554.53 | 26,174,773,100.42 |
| Receivables for financing | 1,058,652,095.16 | 1,316,035,122.06 |
| Prepayments | 545,884,154.19 | 505,798,253.35 |
| Other receivables | 595,808,517.94 | 359,620,445.88 |
| Inventories | 19,513,735,549.98 | 17,974,112,407.60 |
| Contract assets | 1,364,895,195.93 | 1,411,372,624.91 |
| Non-current assets due within one year | 1,056,620,641.05 | 975,960,437.14 |
| Other current assets | 964,423,850.13 | 1,022,600,377.78 |
| Total Current Assets | 89,342,289,827.47 | 86,019,224,616.63 |
| Non-current Assets: | ||
| Long-term receivables | 580,248,137.95 | 613,067,944.97 |
| Long-term equity investment | 1,107,004,523.75 | 982,165,546.45 |
| Other non-current financial assets | 382,213,156.24 | 438,724,172.22 |
| Fixed assets | 7,772,428,800.23 | 6,695,590,671.27 |
| Construction in progress | 3,886,577,801.85 | 2,323,336,098.68 |
| Right-of-use assets | 579,595,918.29 | 566,393,672.75 |
| Intangible assets | 1,535,334,938.04 | 1,304,247,415.07 |
| Goodwill | 218,428,511.34 | 202,381,895.37 |
| Long-term deferred expenses | 174,164,415.91 | 158,007,174.90 |
| Deferred tax assets | 1,468,063,910.11 | 1,210,877,575.24 |
| Other non-current assets | 3,218,048,061.51 | 3,350,526,411.63 |
| Total Non-current Assets | 20,922,108,175.22 | 17,845,318,578.55 |
| Total Assets | 110,264,398,002.69 | 103,864,543,195.18 |
| Current Liabilities: | ||
| Short-term borrowings | 3,466,347,210.25 | 4,074,962,469.97 |
| Held-for-trading financial liabilities | 49,553,366.69 | 4,062,317.57 |
| Notes payable | 929,850,659.19 | 1,339,998,383.34 |
| Accounts payable | 12,975,460,453.08 | 15,889,694,981.12 |
| Item | September 30th 2022 | December 31st 2021 |
| Contract liabilities | 2,492,365,486.93 | 2,580,894,226.59 |
| Payroll payable | 4,135,414,282.27 | 4,595,552,073.12 |
| Taxes payable | 1,588,192,185.42 | 1,461,470,029.69 |
| Other payables | 3,183,713,231.70 | 1,830,626,583.03 |
| Non-current liabilities due within one year | 594,396,633.98 | 596,915,360.58 |
| Other current liabilities | 869,140,553.33 | 917,479,922.61 |
| Total Current Liabilities | 30,284,434,062.84 | 33,291,656,347.62 |
| Non-current Liabilities: | ||
| Long-term borrowings | 7,497,879,116.81 | 3,284,371,642.52 |
| Lease liabilities | 348,422,777.51 | 317,951,879.21 |
| Long-term payables | 7,735,344.18 | 9,009,331.50 |
| Provisions | 218,223,318.70 | 200,675,950.96 |
| Deferred income | 1,115,979,063.56 | 738,586,458.05 |
| Deferred tax liabilities | 77,525,333.59 | 93,315,151.17 |
| Other non-current liabilities | 2,832,037,099.11 | 534,334,158.27 |
| Total Non-current liabilities | 12,097,802,053.46 | 5,178,244,571.68 |
| Total Liabilities | 42,382,236,116.30 | 38,469,900,919.30 |
| Owners’ Equity | ||
| Share capital | 9,433,208,719.00 | 9,335,806,114.00 |
| Capital reserves | 9,045,666,975.81 | 5,404,070,600.07 |
| Less: Treasury shares | 3,304,135,992.99 | 1,023,188,723.04 |
| Other comprehensive income | (36,981,126.60) | (77,184,125.29) |
| Surplus reserves | 4,672,505,348.00 | 4,672,505,348.00 |
| Retained earnings | 45,499,245,491.87 | 45,148,877,451.52 |
| Total owners' equity attributable to owner of the Company | 65,309,509,415.09 | 63,460,886,665.26 |
| Minority equity | 2,572,652,471.30 | 1,933,755,610.62 |
| Total Owners' Equity | 67,882,161,886.39 | 65,394,642,275.88 |
| Total Liabilities and Owners' Equity | 110,264,398,002.69 | 103,864,543,195.18 |
Legal Representative: Chen Zongnian Person in Charge of the Accounting work: Jin YanPerson in Charge of Accounting Institution: Zhan Junhua
1.2 Consolidated income statement from the beginning of the year to the end of the reporting period
Unit: RMB
| Item | 2022 Q1~Q3 | 2021 Q1~Q3 |
| I. Revenue | 59,721,536,891.77 | 55,629,267,490.88 |
| II．Total Operating Costs | 50,291,034,361.47 | 44,117,391,608.90 |
| Less: Cost of sales and services | 34,428,422,516.36 | 29,854,226,905.32 |
| Business taxes and surcharges | 404,250,604.06 | 429,088,237.90 |
| Selling expenses | 7,105,121,639.99 | 6,457,804,368.11 |
| Administrative expenses | 1,934,338,028.12 | 1,531,518,894.32 |
| Research and development (R&D) expenses | 7,356,096,237.35 | 6,063,039,217.93 |
| Financial expenses | (937,194,664.41) | (218,286,014.68) |
| Including：Interest expenses | 221,677,391.74 | 161,277,514.63 |
| Interest income | 654,737,093.34 | 636,331,864.30 |
| Add: Other income | 1,648,453,505.94 | 1,766,628,497.10 |
| Investment income (loss"-") | 166,250,594.06 | 219,922,536.36 |
| Including: Investment gains (losses) in associated enterprise and joint-venture enterprise | 20,851,979.61 | 8,034,443.78 |
| Gains (loss"-") from changes in fair values | (69,558,120.87) | (46,332,817.33) |
| Credit impairment losses ("-") | (478,935,914.07) | (440,543,687.06) |
| Impairment losses ("-") of assets | (238,371,890.55) | (296,003,739.00) |
| Asset disposal income (loss"-") | (10,541,208.42) | 11,281,396.84 |
| III. Operating Profit (loss"-") | 10,447,799,496.39 | 12,726,828,068.89 |
| Add: Non-operating income | 75,058,667.75 | 58,333,999.53 |
| Less: Non-operating expenses | 11,756,007.04 | 72,515,784.28 |
| IV. Total Profit (loss"-") | 10,511,102,157.10 | 12,712,646,284.14 |
| Less: Income tax expenses | 1,137,676,186.81 | 1,215,761,340.43 |
| V. Net Profit (loss"-") | 9,373,425,970.29 | 11,496,884,943.71 |
| 5.1 Classification by operation continuity | ||
| (a) Net profit (loss) on continuous operation | 9,373,425,970.29 | 11,496,884,943.71 |
| (b) Net profit (loss) on terminated operation | - | - |
| 5.2 Classification by attribution of ownership | ||
| (a) Net profit attributable to owners of parent company | 8,840,255,887.45 | 10,965,641,158.11 |
| (b) Profit or loss attributable to minority shareholders | 533,170,082.84 | 531,243,785.60 |
| VI. Other Comprehensive Income, Net of Income Tax | 93,448,547.69 | (20,947,319.59) |
| Other comprehensive income attributable to owners of the Company, net of tax | 40,202,998.69 | (19,680,081.77) |
| Item | 2022 Q1~Q3 | 2021 Q1~Q3 |
| (I) Items that will not be reclassified subsequently to profit or loss | - | - |
| (II) Other comprehensive income to be reclassified to profit or loss in subsequent periods | 40,202,998.69 | (19,680,081.77) |
| 1. Exchange differences arising on conversion of financial statements denominated in foreign currencies | 40,202,998.69 | (19,680,081.77) |
| Other comprehensive income attributable to minority interests, net of tax | 53,245,549.00 | (1,267,237.82) |
| VII. Total Comprehensive Income | 9,466,874,517.98 | 11,475,937,624.12 |
| Total comprehensive income attributable to owners of the parent company | 8,880,458,886.14 | 10,945,961,076.34 |
| Total comprehensive income attributable to minority shareholders | 586,415,631.84 | 529,976,547.78 |
| VIII. Earnings Per Share | ||
| (I) Basic earnings per share | 0.938 | 1.179 |
| (II) Diluted earnings per share | 0.938 | 1.178 |
Legal Representative: Chen Zongnian Person in Charge of the Accounting work: Jin YanPerson in Charge of Accounting Institution: Zhan Junhua
1.3 Consolidated cash flow statement from the beginning of the year to the end of the reporting period
Unit: RMB
| Item | 2022 Q1~Q3 | 2021 Q1~Q3 |
| I. Cash Flows from Operating Activities: | ||
| Cash received from sale of goods or rendering of services | 59,535,173,216.27 | 57,804,183,013.33 |
| Receipts of tax refunds | 3,065,301,011.49 | 3,223,557,982.86 |
| Other cash receipts relating to operating activities | 1,816,017,950.14 | 1,506,042,792.76 |
| Sub-total of cash inflows from operating activities | 64,416,492,177.90 | 62,533,783,788.95 |
| Cash payments for goods purchased and services received | 42,941,542,076.67 | 40,981,820,273.00 |
| Cash paid to and on behalf of employees | 12,515,261,002.67 | 9,760,464,456.89 |
| Payments of various types of taxes | 4,385,864,114.47 | 3,798,000,076.89 |
| Other cash payments relating to operating activities | 4,413,707,843.05 | 4,061,568,079.94 |
| Sub-total of cash outflows from operating activities | 64,256,375,036.86 | 58,601,852,886.72 |
| Net Cash Flows from Operating Activities | 160,117,141.04 | 3,931,930,902.23 |
| II. Cash Flows from Investing Activities: | ||
| Cash receipts from recovery of investments | 5,325,102,722.13 | 5,586,296,231.17 |
| Cash receipts from investment income | 52,646,156.83 | 116,643,801.97 |
| Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets | 15,393,463.90 | 15,477,468.87 |
| Other cash receipts relating to investing activities | 37,408,842.43 | 16,436,232.19 |
| Sub-total of cash inflows from investing activities | 5,430,551,185.29 | 5,734,853,734.20 |
| Item | 2022 Q1~Q3 | 2021 Q1~Q3 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 2,792,918,794.05 | 2,125,979,715.74 |
| Cash paid to acquire investments | 5,260,713,466.18 | 5,610,904,398.89 |
| Net cash paid to acquire subsidiaries and other business units | - | 293,105,351.50 |
| Net cash paid for disposal of subsidiaries and other business units | - | 7,355,969.42 |
| Sub-total of cash outflows from investing activities | 8,053,632,260.23 | 8,037,345,435.55 |
| Net Cash Flows from Investing Activities | (2,623,081,074.94) | (2,302,491,701.35) |
| III. Cash Flows from Financing Activities: | ||
| Cash receipts from capital contributions | 2,893,831,394.55 | 6,839,900.00 |
| Including: cash receipts from capital contributions from minority owners of subsidiaries | - | 6,839,900.00 |
| Cash receipts from borrowings | 7,552,410,026.04 | 3,856,596,155.84 |
| Sub-total of cash inflows from financing activities | 10,446,241,420.59 | 3,863,436,055.84 |
| Cash repayments of borrowings | 3,915,869,370.59 | 4,518,670,167.89 |
| Cash payments for distribution of dividends or profits or settlement of interest expenses | 8,593,072,039.85 | 7,118,986,368.12 |
| Other cash payments relating to financing activities | 130,241,064.72 | 259,236,364.17 |
| Sub-total of cash outflows from financing activities | 12,639,182,475.16 | 11,896,892,900.18 |
| Net Cash Flows from Financing Activities | (2,192,941,054.57) | (8,033,456,844.34) |
| IV. Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents | 149,153,315.95 | (95,920,442.11) |
| V. Net Decrease in Cash and Cash Equivalents | (4,506,751,672.52) | (6,499,938,085.57) |
| Add: Opening balance of Cash and Cash Equivalents | 34,603,944,429.20 | 35,024,837,878.31 |
| VI. Closing Balance of Cash and Cash Equivalents | 30,097,192,756.68 | 28,524,899,792.74 |
Legal Representative: Chen Zongnian Person in Charge of the Accounting work: Jin YanPerson in Charge of Accounting Institution: Zhan Junhua
2. Audit Report
Whether audit has been performed on this 2022 3
rd
Quarter Report
□ Yes √ No
The Company’s 2022 3
rd
Quarter report has not been audited.
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.Board of DirectorsOctober 29
th2022
Note:
This document is a translated version of the Chinese version 2022 3
rdQuarter Report (“2022年第三季度报告”),and the published announcements in the Chinese version shall prevail. The complete published Chinese 2022 3
rd
Quarter Report may be obtained at www.cninfo.com.cn.