大华股份:2024Q1Report
Stock Code: 002236 Stock Abbreviation: Dahua Announcement No.: 2024-037
Zhejiang Dahua Technology Co., Ltd.
2024 Q1 ReportThe Company and all members of the Board of Directors hereby guarantee that the information disclosed hereinis authentic, accurate and complete and free of any false records, misleading statements, or material omissions.Important Notice:
1. The Board of Directors, the Board of Supervisors, directors, supervisors and senior management members of theCompany hereby guarantee that the information presented in this quarterly report is authentic, accurate, complete andfree of any false records, misleading statements or material omissions, and they will bear joint and several liability forsuch information.
2. The Company's legal representative, chief accountant, and person in charge of accounting institution (AccountingOfficer) hereby declare and warrant that the financial statements in the quarterly report are authentic, accurate, andcomplete.
3. Has the first quarter report been audited?
□ Yes ? No
I. Key Financial Data(I). Key Accounting Data and Financial IndicatorsWhether the Company needs retroactive adjustment or restatement of accounting data in prior years or not
□ Yes ? No
The Current Reporting Period | The Same Period of Last Year | Increase/Decrease of the Current Reporting Period Compared with the Same Period of the Previous Year | |
Operating revenue (RMB) | 6,180,916,716.70 | 6,015,629,882.58 | 2.75% |
Net profit attributable to shareholders of the listed Company (RMB) | 561,037,985.01 | 495,351,177.84 | 13.26% |
Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 501,290,511.61 | 398,105,107.61 | 25.92% |
Net cash flow generated by operational activities (RMB) | -1,306,666,360.66 | -1,339,410,329.62 | 2.44% |
Basic Earnings per Share (RMB/Share) | 0.17 | 0.17 | 0.00% |
Diluted Earnings per Share (RMB/Share) | 0.17 | 0.17 | 0.00% |
Weighted Average ROE | 1.60% | 1.90% | -0.30% |
At the End of the Current Reporting Period | At the End of the Previous Year | Increase/Decrease at the End of the Current Reporting Period Compared with the End of the Previous Year | |
Total assets (RMB) | 49,939,916,410.93 | 52,881,927,214.00 | -5.56% |
Owners' Equity Attributable to Shareholders of the Listed Company (Unit: RMB) | 35,332,790,306.54 | 34,719,173,825.42 | 1.77% |
(II) Non-recurring Gains or Losses and Their Amounts
? Applicable □ Not applicable
Unit: RMB
Item | Amount in the Current Reporting Period | Note |
Profits or losses from disposal of non-current assets (including the write-off for the accrued impairment of assets) | 104,462,399.04 | |
The government subsidies included in the current profits and losses (excluding the government subsidies closely related to the Company's regular business operations, in accordance with national policies, and received consistently based on established criteria, which have a sustained impact on the Company's profits and losses). | 41,453,222.16 | |
Profits and losses resulting from the changes in fair value for | -40,202,801.15 |
financial assets and financial liabilities held by non-financial enterprises, and gains/losses from the disposal of financial assets and financial liabilities, excluding the effective hedging businesses related to the regular business operation of the Company. | ||
Gains or losses from investment or asset management entrusted to others | -50,772,194.46 | |
Reversal of the receivables depreciation reserves for separate impairment test | 25,956.94 | |
Non-Operating Revenue and expenses other than the above | 2,348,690.38 | |
Other gains and losses items that fit the definition of non-recurring gains and losses | -57,699.23 | |
Less: Impact of income tax | -7,374,078.68 | |
Impact of minority equity (after tax) | 4,884,178.96 | |
Total | 59,747,473.40 | -- |
Other gains or losses that fit the definition of non-recurring gains or losses:
□ Applicable ? Not applicable
The Company has no other gains or losses that fit the definition of non-recurring gains or losses.Note for the definition of non-recurring gains and losses listed in the No. 1 Explanatory Announcement on InformationDisclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses, as recurring gainsand losses.
□ Applicable ? Not applicable
The Company did not define any non-recurring gains and losses listed in the No. 1 Explanatory Announcement onInformation Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses asrecurring gains and losses.(III) The Changes in Key Accounting Data and Financial Indicators and the Reasons
? Applicable □ Not applicablei. The changes of assets and liabilities and the reasons
1. The held-for-trading financial assets decreased by 100.00% compared to the beginning of the year due to thecollection of matured held-for-trading financial assets during the current period.
2. The dividends receivable decreased by 100.00% compared to the beginning of the year due to their receipt duringthe current period.
3. Other current assets decreased by 34.81% compared to the beginning of the year, mainly attributable to a reductionin the amount of treasury bond reverse repurchase transactions at the end of the period compared to the beginning.
6. Short-term loans decreased by 36.88% compared to the beginning of the year, mainly due to the repayment of bankborrowings during the current period.
7. Transactional financial liabilities increased by 4,740.67% compared to the beginning of the year, mainly due tochanges in fair value of foreign currency exchange contracts.
6. The salary payable to employees decreased by 57.80% compared to the beginning of the year, mainly due to thedistribution of year-end bonus in the current period.
7. The taxes payable decreased by 54.15% compared to the beginning of the year, mainly due to a decrease in value-added tax and income tax payable at the end of the current period compared to the beginning of the year.(II) The changes of items in the income statement and the reasons
1. Financial expenses decreased by 208.77% compared to the same period of the previous year, mainly due to anincrease in net interest income compared to the same period last year and a decrease in foreign exchange lossescompared to the same period last year.
2. Other incomes increased by 117.32% compared to the same period last year, mainly due to the increase inrefunded value-added tax for software received during the current period compared to the same period last year.
3. Investment incomes increased by 217.12% compared to the same period last year, mainly due to an increase inprofits from equity transfers and a decrease in losses from invested companies recognized under the equity methodcompared to the same period last year.
4. Fair value change income decreased by 168.94% compared to the same period last year, mainly due to a decreasein fair value change income from other non-current financial assets compared to the same period last year.
5. Non-operating expenses increased by 45.89% compared to the same period last year, mainly due to an increase inlosses from the disposal of non-current assets compared to the same period last year.(III) The changes of items in the cash flow statement and the reasons
1. Net cash flow generated from investing activities increased by 351.27% compared to the same period last year,mainly due to an increase in the net funds received from the disposal of subsidiaries and a decrease in capitalexpenditures for long-term assets compared to the same period last year.
2. Net cash flow generated from financing activities decreased by 111.63% compared to the same period last year,mainly due to the receipt of raised funds in the same period last year, while the net borrowing receipts and paymentsdecreased in the current period compared to the same period last year.II. Information on Shareholders(I) The total number of common shareholders, the number of preferred shareholders withrestored voting rights and shareholding status of the top 10 shareholders
Unit: share
Total Number of Common Shareholders at The End of The Reporting Period | 173,354 | Total Number of Preferred Shareholders (If Any) Whose Voting Rights have been Recovered at the End of the Reporting Period | 0 | |||
Shareholding list of top ten shareholders (excluding shares lent through stock pledge repos) | ||||||
Name of Shareholder | Nature of Shareholder | Shareholding Percentage (%) | Number of shares held | Number of shares held with limited sales conditions | Pledges, markings or freezing | |
State Of Shares | Quantity | |||||
Fu Liquan | Domestic Natural Person | 31.08% | 1,023,868,980.00 | 767,901,735.00 | Pledge | 198,007,693.00 |
China Mobile Communications Group Co., Ltd. | State-owned Legal Person | 8.90% | 293,103,400.00 | 293,103,400.00 | Not applicable. | 0.00 |
Zhu Jiangming | Domestic Natural Person | 4.86% | 159,975,490.00 | 0.00 | Not applicable. | 0.00 |
Chen Ailing | Domestic Natural Person | 2.16% | 71,262,813.00 | 53,447,110.00 | Pledge | 31,800,000.00 |
Wu Jun | Domestic | 2.10% | 69,172,886.00 | 51,879,664.00 | Not | 0.00 |
Natural Person | applicable. | |||||
Hong Kong Securities Clearing Co. Ltd. | Overseas Legal Person | 2.06% | 67,962,203.00 | 0.00 | Not applicable. | 0.00 |
National Social Security Fund 103 | Others | 1.52% | 50,000,000.00 | 0.00 | Not applicable. | 0.00 |
China Securities Finance Co., Ltd. | Domestic Non-state-owned Legal Person | 1.20% | 39,611,241.00 | 0.00 | Not applicable. | 0.00 |
Foresea Life Insurance Company Ltd.-Dividends Paying Insurance Product | Others | 0.74% | 24,520,824.00 | 0.00 | Not applicable. | 0.00 |
New China Life Insurance Company Ltd.-Conventional-Common Insurance Product-018L-CT001 Shenzhen | Others | 0.74% | 24,321,736.00 | 0.00 | Not applicable. | 0.00 |
Shareholding of the top ten shareholders without limited sales condition | ||||||
Name of Shareholder | Number of shares held without limited sales condition | Type of shares | ||||
Type of shares | Quantity | |||||
Fu Liquan | 255,967,245.00 | RMB common stock | 255,967,245.00 | |||
Zhu Jiangming | 159,975,490.00 | RMB common stock | 159,975,490.00 | |||
Hong Kong Securities Clearing Co. Ltd. | 67,962,203.00 | RMB common stock | 67,962,203.00 | |||
National Social Security Fund 103 | 50,000,000.00 | RMB common stock | 50,000,000.00 | |||
China Securities Finance Co., Ltd. | 39,611,241.00 | RMB common stock | 39,611,241.00 | |||
Foresea Life Insurance Company Ltd.-Dividends Paying Insurance Product | 24,520,824.00 | RMB common stock | 24,520,824.00 | |||
New China Life Insurance Company Ltd.-Conventional-Common Insurance Product-018L-CT001 Shenzhen | 24,321,736.00 | RMB common stock | 24,321,736.00 | |||
Industrial and Commercial Bank of China Limited - Huatai Bairui SSE 300 Exchange Traded Open-Ended Index Securities Investment Fund | 21,401,830.00 | RMB common stock | 21,401,830.00 | |||
Chen Ailing | 17,815,703.00 | RMB common stock | 17,815,703.00 | |||
Wu Jun | 17,293,222.00 | RMB | 17,293,222.00 |
common stock | |||
Description of the association relationship or concerted action of above-mentioned shareholders | Mr. Fu Liquan and Ms. Chen Ailing are husband and wife. The Company is unaware of whether other shareholders have associated relationship or are persons acting in concert. | ||
Explanation On Top Ten Shareholders’ Participation In Securities Margin Trading (If Any) | N/A | ||
Special Note Regarding Repurchase Accounts Among the Top 10 Unrestricted Shareholders | It is hereby stated that, as of March 31, 2024, the Company's securities repurchase account holds 19,819,601 ordinary A shares of the Company, representing 0.60% of the total shares outstanding. As per the requirement, these shares are not included in the list of the Company's top 10 unrestricted shareholders. |
Participation of shareholders with more than 5% ownership, the top 10 shareholders, and the top 10 shareholders ofunrestricted tradable shares in lending out shares under stock pledge repo transactions.? Applicable □ Not applicable
Unit: share
Participation of shareholders with more than 5% ownership, the top 10 shareholders, and the top 10 shareholders of unrestricted tradable shares in lending out shares under stock pledge repo transactions. | ||||||||
Name of Shareholder (full name) | The total quantity of shares held in shareholder's ordinary accounts and credit accounts | Shares lent through stock pledge repo transactions at the beginning of the period and not yet returned | The total quantity of shares held in shareholder's ordinary accounts and credit accounts at the end of the period | Shares lent through stock pledge repo transactions at the end of the period and not yet returned | ||||
Total quantity | Proportion to total shares | Total quantity | Proportion to total shares | Total quantity | Proportion to total shares | Total quantity | Proportion to total shares | |
Industrial and Commercial Bank of China Limited - Huatai Bairui SSE 300 Exchange Traded Open-Ended Index Securities Investment Fund | 14,723,730 | 0.45% | 146,800 | 0.00% | 21,401,830 | 0.74% | 23,500 | 0.00% |
Changes in the top 10 shareholders and the top 10 shareholders of unrestricted shares occurred compared to theprevious period due to shares lending/return through stock pledge repo transactions.
□ Applicable ? Not applicable
(II) The total number of preferred shareholders and the shareholdings of the top 10 preferredshareholders
□ Applicable ? Not applicable
III. Other Significant Matters? Applicable □ Not applicable
1. During the reporting period, with the approval of the Company's board of directors, board of supervisors, andshareholders' meeting, adjustments were made to the investment amount, raised fund investment amount, internalinvestment structure, implementation methods and entities, implementation locations, and project names of the"Construction Project of Xi'an R&D Center" and the "New project of Southwest R&D Center of Dahua Co., Ltd." Fordetails, see the "Announcement on Adjusting the Investment Amount, Investment Structure, and Increasing theImplementation Entity and Implementation Location of Some Fundraising Projects" published on Juchao InformationNetwork (www.cninfo.com.cn) on Jan.13, 2024.
2. To safeguard the interests of all shareholders and based on confidence in the Company's future developmentprospects and recognition of the stock's value, the Company has formulated and disclosed the "Quality and ReturnsEnhancement" action plan, fulfilling its social responsibility and building a positive market image. For specific details,see the announcement titled "Announcement on the Quality and Returns Enhancement Action Plan" disclosed onFebruary 7, 2024, on the Juchao Information Network.IV. Quarterly Financial Statements(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by: Zhejiang Dahua Technology Co., Ltd.
March 31, 2024
Unit: RMB
Item | Closing balance | Opening balance |
Current Assets: | ||
Cash and Bank Balances | 14,199,465,868.93 | 15,971,005,114.47 |
Deposit Reservation for Balance | ||
Loans to Banks and Other Financial Institutions | ||
Trading Financial Assets | 1,470,000.00 | |
Derivative Financial Assets | ||
Notes receivable | 767,300,740.03 | 813,039,192.75 |
Accounts receivable | 15,378,632,077.18 | 16,276,803,954.03 |
Receivables Financing | 814,806,964.89 | 810,713,267.86 |
Prepayments | 198,133,170.20 | 189,388,716.99 |
Premium Receivable | ||
Reinsurance Accounts Receivable | ||
Reinsurance Contract Reserves Receivable | ||
Other Receivables | 324,274,686.40 | 337,524,688.36 |
Including: interest receivable | ||
Dividends Receivable | 5,784,225.02 | |
Buying Back the Sale of Financial Assets | ||
Inventory | 5,543,183,971.99 | 5,332,608,544.02 |
Where: Data resource | ||
Contract Assets | 99,422,164.65 | 86,714,216.34 |
Holding for-sale assets | ||
Non-current Assets Due within 1 Year | 277,160,107.01 | 303,454,116.40 |
Other Current Assets | 612,350,623.64 | 939,374,868.31 |
Subtotal of Current Assets | 38,214,730,374.92 | 41,062,096,679.53 |
Non-current Assets: | ||
Granting of loans and advances | ||
Investment in Creditor's Rights | ||
Investment in Other Creditor's Rights | ||
Long-term Receivables | 883,538,394.88 | 946,659,309.70 |
Long-term Equity Investment | 717,303,813.38 | 727,453,629.75 |
Investment in Other Equity Instruments | ||
Other Non-current Financial Assets | 1,436,900,926.46 | 1,535,742,385.71 |
Investment Property | 127,569,047.18 | 129,637,004.00 |
Fixed Assets | 5,076,482,555.99 | 4,937,180,876.88 |
Projects under Construction | 1,041,535,172.42 | 1,008,612,408.49 |
Productive Biological Assets | ||
Oil and gas assets | ||
Right-of-use Assets | 281,925,992.74 | 299,202,586.56 |
Intangible Assets | 585,269,015.15 | 594,679,018.11 |
Where: Data resource | ||
Development Expenditure | ||
Where: Data resource | ||
Goodwill | 6,615,294.18 | 6,615,294.18 |
Long-term Deferred Expenses | 127,374,070.01 | 135,335,273.95 |
Deferred Income Tax Assets | 1,289,696,865.15 | 1,287,903,482.65 |
Other Non-current Assets | 150,974,888.47 | 210,809,264.49 |
Subtotal of Non-current Assets | 11,725,186,036.01 | 11,819,830,534.47 |
Total assets | 49,939,916,410.93 | 52,881,927,214.00 |
Current Liabilities: | ||
Short-term loan | 604,352,431.96 | 957,426,330.18 |
Borrowings from the Central Bank | ||
Borrowings from Banks and Other Financial Institutions | ||
Transactional financial liabilities | 2,972,175.04 | 61,400.12 |
Derivative Financial Liabilities | ||
Notes Payable | 3,093,718,421.72 | 3,296,294,946.26 |
Accounts Payable | 4,936,377,348.03 | 5,815,123,195.55 |
Received Prepayments | ||
Contract liabilities | 1,151,925,684.82 | 1,194,534,307.04 |
Financial Assets Sold for Repurchase | ||
Deposit Taking and Interbank Deposit | ||
Receiving from Vicariously Traded Securities | ||
Receiving from Vicariously Sold Securities | ||
Payroll payable | 816,040,471.66 | 1,933,955,631.12 |
Tax Payable | 570,197,239.81 | 1,243,482,361.08 |
Other Payables | 769,086,904.70 | 812,424,146.52 |
Including: interest payable | ||
Dividends Payable | 23,667,047.02 | 23,667,047.02 |
Service Charge and Commission |
Payable | ||
Reinsurance Accounts Payable | ||
Holding for-sale liabilities | ||
Non-current Liabilities Due within 1 Year | 728,393,008.87 | 901,722,028.75 |
Other Current Liabilities | 144,933,483.86 | 155,182,705.02 |
Subtotal of Current Liabilities | 12,817,997,170.47 | 16,310,207,051.64 |
Non-current Liabilities: | ||
Insurance Contract Reserves | ||
Long-term loan | ||
Bonds Payable | ||
Including: Preferred Stocks | ||
Perpetual Bonds | ||
Lease Liabilities | 149,465,124.25 | 176,580,049.57 |
Long-term Payables | ||
Long-term payroll payable | ||
Expected Liabilities | 216,493,715.84 | 224,542,626.90 |
Deferred Income | 161,337,707.12 | 166,711,673.04 |
Deferred Income Tax Liabilities | 1,002,283.68 | 737,367.19 |
Other Non-current Liabilities | 108,533,117.92 | 119,054,046.66 |
Subtotal of Non-current Liabilities | 636,831,948.81 | 687,625,763.36 |
Total Liabilities | 13,454,829,119.28 | 16,997,832,815.00 |
Shareholders' Equity: | ||
Share Capital | 3,294,468,990.00 | 3,294,468,990.00 |
Other Equity Instruments | ||
Including: Preferred Stocks | ||
Perpetual Bonds | ||
Capital Reserves | 7,176,153,592.22 | 7,124,125,996.49 |
Less: Treasury Share | 746,699,863.45 | 746,699,863.45 |
Other Comprehensive Incomes | 66,543,921.21 | 65,993,020.83 |
Special Reserves | ||
Surplus Reserves | 1,647,234,495.00 | 1,647,234,495.00 |
General Risk Reserves | ||
Undistributed Profits | 23,895,089,171.56 | 23,334,051,186.55 |
Total Shareholders' Equity Attributable to the Parent Company | 35,332,790,306.54 | 34,719,173,825.42 |
Minority Shareholders' Equity | 1,152,296,985.11 | 1,164,920,573.58 |
Total Shareholders' Equity | 36,485,087,291.65 | 35,884,094,399.00 |
Total Liabilities and Shareholders' Equity | 49,939,916,410.93 | 52,881,927,214.00 |
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting institution: Zhu Zhuling
2. Consolidated Income Statement
Unit: RMB
Item | Amount Occurred in the Current Period | Amount Occurred in the Previous Period |
I. Total Operating Revenue | 6,180,916,716.70 | 6,015,629,882.58 |
Including: Operating Revenue | 6,180,916,716.70 | 6,015,629,882.58 |
Interest Income | ||
Earned Premiums | ||
Service Charge and Commission Income | ||
II. Total Operating Cost | 5,849,133,041.74 | 5,653,548,465.50 |
Including: Operating Cost | 3,591,954,273.10 | 3,457,338,659.40 |
Interest Expenditures | ||
Service Charge and Commission Expenses | ||
Surrender Value | ||
Net Claims Paid | ||
The Net Amount Withdrawn for Insurance Liability Reserves | ||
Policyholder Dividend Expense | ||
Reinsurance Cost | ||
Taxes and Surcharges | 44,023,549.81 | 46,837,459.40 |
Sales Expenses | 1,092,762,527.36 | 978,997,029.62 |
Administration expenses | 243,515,288.59 | 266,144,460.34 |
Research and development expense | 929,481,413.25 | 855,866,109.49 |
Financial Expenses | -52,604,010.37 | 48,364,747.25 |
Including: interest expenses | 18,148,621.16 | 31,385,578.66 |
Interest Income | 88,636,919.16 | 68,480,455.12 |
Add: Other income | 324,111,658.25 | 149,138,119.57 |
Investment Income (Mark "-" for Loss) | 113,539,532.26 | -96,942,769.68 |
Including: Investment Income from Affiliates and Joint Ventures | -61,957.49 | -83,862,265.62 |
Profits from recognition Termination of Financial Assets at Amortized Cost | -365,236.35 | -74,923.17 |
Exchange Gains (Mark "-" for Losses) | ||
Profit of Net Exposure Hedging (Mark "-" for Loss) | ||
Incomes from changes in fair value (losses marked with "-") | -100,469,929.89 | 145,744,316.06 |
Credit Impairment Losses (Mark "-" for Loss) | -35,543,905.05 | -29,328,219.71 |
Asset Impairment Losses (Mark "-" for Loss) | -20,132,322.78 | -17,382,046.88 |
Asset Disposal Income (Mark "-" for Loss) | 430,249.61 | 1,538,427.95 |
III. Operating Profit (Mark "-" for Loss) | 613,718,957.36 | 514,849,244.39 |
Add: Non-operating Revenues | 3,621,238.09 | 3,195,141.31 |
Less: Non-operating Expenses | 1,516,475.11 | 1,039,470.65 |
IV. Total Profit (Mark "-" for Total Loss) | 615,823,720.34 | 517,004,915.05 |
Less: Income Tax Expense | 29,586,521.43 | 24,043,355.88 |
V. Net Profit (Mark "-" for Net Loss) | 586,237,198.91 | 492,961,559.17 |
(I) Classified by operation continuity |
1. Net Profit as a Going Concern (Mark "-" for Net Loss) | 586,237,198.91 | 492,961,559.17 |
2. Net Profit of Discontinued Operation (Mark "-" for Net Loss) | ||
(II) Classified by the attribution of ownership | ||
1. Net Profit Attributable to the Parent Company's Owner | 561,037,985.01 | 495,351,177.84 |
2. Minority Shareholders' Profit and Loss | 25,199,213.90 | -2,389,618.67 |
VI. Net Amount of Other Comprehensive Incomes after Tax | 426,836.91 | 5,226,283.43 |
Net Amount of Other Comprehensive Incomes after Tax Attributable to the Parent Company's Owner | 550,900.38 | 5,314,885.10 |
(I) Other comprehensive income that cannot be reclassified into profit or loss | ||
1. Re-measure the variation of the defined benefit plan | ||
2. Other comprehensive income that cannot be transferred to P/L under the equity method | ||
3. Changes in the fair value of investment in other equity instruments | ||
4. Changes in the fair value of the credit risk of the enterprise | ||
5. Others | ||
(II) Other comprehensive income that will be reclassified as P/L | 550,900.38 | 5,314,885.10 |
1. Other comprehensive income that can be transferred to P/L under the equity method | ||
2. Changes in the fair value of investment in other creditor's rights | ||
3. Financial assets reclassified into other comprehensive income | ||
4. Provisions for the credit impairment of investment in other creditor's rights | ||
5. Cash flow hedge reserves | ||
6. Currency translation difference | 550,900.38 | 5,314,885.10 |
7. Others | ||
Net Amount of Other Comprehensive Incomes After Tax Attributable to Minority Shareholders | -124,063.47 | -88,601.67 |
VII. Total Comprehensive Income | 586,664,035.82 | 498,187,842.60 |
Total Comprehensive Income Attributable to the Parent Company's Owner | 561,588,885.39 | 500,666,062.94 |
Total Comprehensive Income Attributable to Minority Shareholders | 25,075,150.43 | -2,478,220.34 |
VIII. Earnings per Share: | ||
(I) Basic Earnings per Share | 0.17 | 0.17 |
(II) Diluted Earnings per Share | 0.17 | 0.17 |
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting institution: Zhu Zhuling
3. Consolidated Cash Flow Statement
Unit: RMB
Item | Amount Occurred in the Current Period | Amount Occurred in the Previous Period |
I. Cash Flow Generated by Operational Activities: | ||
Cash from Sales of Merchandise and Provision of Services | 7,750,834,268.99 | 7,374,224,734.82 |
Net Increase in Customer's Bank Deposits and Interbank Deposits | ||
Net Increase in Borrowings from the Central Bank | ||
Net Increase in Borrowings from Other Financial Institutions | ||
Cash Arising from Receiving Premiums for the Original Insurance Contract | ||
Net Amount Arising from Reinsurance Business | ||
Net Increase in Deposits and Investments from Policyholders | ||
Cash Arising from Interests, Service Charges and Commissions | ||
Net Increase in Borrowings from Banks and Other Financial Institutions | ||
Net Increase in Repurchase Business Funds | ||
Net Amount of Cash Received from the Vicariously Traded Securities | ||
Tax Refund | 247,299,856.58 | 331,924,366.01 |
Other Received Cashes Related to Operational Activities | 414,580,279.26 | 287,656,842.27 |
Subtotal of cash inflow from operational activities | 8,412,714,404.83 | 7,993,805,943.10 |
Cash Paid for Merchandise and Services | 5,402,014,357.32 | 6,152,364,623.19 |
Net Increase in Loans and Advances to Customers | ||
Net Increase in Deposits with Central Bank and Other Financial Institutions | ||
Cash Paid for Original Insurance Contract Claims | ||
Net increase of funds lent | ||
Cash Paid for Interests, Service Charges and Commissions |
Cash Paid for Policy Dividends | ||
Cash Paid to and for Employees | 2,771,134,201.56 | 2,348,672,698.05 |
Cash Paid for Taxes and Surcharges | 1,018,493,205.20 | 363,575,415.68 |
Other Paid Cashes Related to Operational Activities | 527,739,001.41 | 468,603,535.80 |
Subtotal of cash outflow from operational activities | 9,719,380,765.49 | 9,333,216,272.72 |
Net cash flow generated by operating activities | -1,306,666,360.66 | -1,339,410,329.62 |
II. Cash Flow from Investment Activities: | ||
Cash Arising from Disposal of Investments | 372,086,120.47 | 521,008,100.64 |
Cash Arising from Investment Incomes | 12,071,453.32 | 14,620,795.29 |
Net Cash Arising from Disposal of Fixed Assets, Intangible Assets and Other Long-term Assets | 271,780.50 | 1,871,569.59 |
Net Cash Arising from Disposal of Subsidiaries and Other Business Units | 73,178,296.48 | |
Other Received Cashes Related to Investment Activities | 4,330,029.58 | 6,372,954.21 |
Subtotal of cash inflow from investment activities | 461,937,680.35 | 543,873,419.73 |
Cash Paid for Purchase and Construction of Fixed Assets, Intangible Assets and Other Long-term Assets | 313,115,264.69 | 377,563,502.91 |
Cash Paid for Investments | 23,334,630.75 | 198,446,286.75 |
Net Increase in Pledge Loans | ||
Net Cash Paid for Acquisition of Subsidiaries and Other Business Units | ||
Other Paid Cashes Related to Investment Activities | 429,000.00 | 17,634,100.00 |
Subtotal of cash outflows from investment activities | 336,878,895.44 | 593,643,889.66 |
Net amount of cash flow generated by investment activities | 125,058,784.91 | -49,770,469.93 |
III. Cash Flow from Financing Activities: | ||
Cash Arising from Absorbing Investments | 5,102,048,350.36 | |
Including: Cash Arising from Subsidiaries Absorbing Investments by Minority Shareholders | 6,049,190.36 | |
Cash Arising from Borrowings | 606,240,500.00 | 743,145,876.82 |
Other Received Cashes Related to Financing Activities | ||
Subtotal of cash inflow from financing activities | 606,240,500.00 | 5,845,194,227.18 |
Cash Paid for Debts Repayment | 1,144,326,953.83 | 368,081,000.00 |
Cash Paid for Distribution of Dividends and Profits or Payment of | 14,667,873.22 | 26,707,637.72 |
Interests | ||
Including: Dividends and Profits Paid to Minority Shareholders by Subsidiaries | ||
Other Paid Cashes Related to Financing Activities | 74,980,441.26 | 50,566,396.23 |
Subtotal of cash outflow from financing activities | 1,233,975,268.31 | 445,355,033.95 |
Net cash flow generated by financing activities | -627,734,768.31 | 5,399,839,193.23 |
IV. Impact of Fluctuation in Exchange Rate on Cash and Cash Equivalents | 35,256,031.86 | -37,070,716.55 |
V. Net Increase in Cash and Cash Equivalents | -1,774,086,312.20 | 3,973,587,677.13 |
Add: Cash and Cash Equivalents at the Commencement of the Period | 15,895,161,431.24 | 7,878,465,052.63 |
VI. Cash and Cash Equivalents at the End of the Period | 14,121,075,119.04 | 11,852,052,729.76 |
(II) Adjustments to relevant items in the financial statements at the beginning of the year dueto the first implementation of new accounting standards starting in 2024
□ Applicable ? Not applicable
(III) Audit Report
Has the first quarter report been audited
□ Yes ? No
The report for the first quarter has not been audited.
Board of Directors of Zhejiang Dahua Technology Co., Ltd.
Apr. 16, 2024