博实股份：2023年第三季度报告(英文版)
HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for
The Third Quarter 2023
The Company and whole members of the Board of Directors guarantee that the information disclosedis factual, accurate and complete, and there is no false record, misleading statement or materialomission.
Important content reminder:
1.The Board of Directors, the Board of Supervisors as well as all the directors, supervisors and senior
managers of HARBIN BOSHI AUTOMATION CO., LTD. (hereinafter referred to as “the Company”)warrant the factuality, accuracy and completeness of this Report and there is no false record,misleading statement or material omission. And they will be severally and jointly liable for this Report.
2.The person in charge of the Company, the person in charge of accounting work of the Company, and
the person in charge of accounting department of the Company warrant that the financial informationin this Report is factual, accurate and complete.
3. Whether this Third Interim Report has been audited by auditing firm or not?
□Yes √No
I. Main financial data
1. Main accounting data and financial indicators
Indicate by check mark if there is any retrospectively restated accounting data of previous years.
□Yes √No
Current period
Increase/decrease in theperiod compared with thesame period of the previous
year
Year-begin to period-end
Increase/decrease fromyear-begin to period-endcompared with the same period
of the previous yearOperating Revenue (RMB) 592,913,713.25 -15.16%1,982,264,381.09 14.79%Net profit attributable to parentcompany’s shareholders(RMB)
99,131,174.72 -39.28%434,596,978.99 1.63%Net profit after deductingnon-recurringprofit or loss attributable toshareholders of the parentcompany (RMB)
91,961,860.39 -41.65%401,825,624.04 -0.74%Net cash flow from operatingactivities (RMB)
—— ——-5,427,399.95 -102.29%Basic earnings per share(RMB /share)
0.0969 -39.32%0.4250 1.63%Diluted earnings per share(RMB /share)
0.0969 -39.32%0.4220 0.91%Weighted average return onequity
3.00% -2.42%13.26% -0.80%
End of the current reporting
period
End of previous year
Increase/decrease at the period-end compared with the end of
the previous yearTotal assets (RMB)6,425,382,750.96 6,220,273,855.913.30%Total equity attributable toshareholders of the parentcompany (RMB)
3,359,223,783.66 3,169,585,012.945.98%
2. Non-recurring gains and losses
√ Applicable □Not applicable
Unit: RMB
Item Amount for the period
Amount from year-begin to
period-end
NoteProfit or loss from disposal of non-current assets (including thewrite-off of accrued for impairment of assets)
1,845.56-8,374.20Governmental subsidy reckoned into current gains or losses (excludingthe subsidy enjoyed in quota or ration according to the national policyregulations and certain standards, which are closely relevant toenterprise’s business)
3,928,838.2111,669,745.57Except for effectively hedging business related to normal businessoperations of the Company, profit or loss arising from the changes inthe fair value of financial assets held for trading, financial liabilitiesheld for trading, as well as investment income from the disposal offinancial assets held for trading, financial liabilities held for trading,and investments in other debt obligations
6,598,911.2321,250,391.06
Income from cashmanagement
Other non-operating income and expenses other than the above -1,988,088.604,439,934.81Other gain/loss items that qualified the definition of non-recurringprofit (gains)/losses
488,047.621,318,559.56Less: Impact on income tax 1,531,345.485,341,907.67
Impact on minority shareholders’ equity (after tax) 328,894.21556,994.18Total 7,169,314.3332,771,354.95 --
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
√Applicable □Not applicable
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses: Income fromtreasury reverse repos (cash management).
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on InformationDisclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined asrecurring gain/loss.
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 onInformation Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss”defined as recurring gain/loss.
3. Particulars about changes in items of main accounting data and financial index and explanations of
reasons.
Consolidated Balance Sheet items
Sep 30,2023 Dec 31,2022
Change Reasons for the changes(RMB) (RMB)Cash and cash equivalent 190,207,295.84 659,606,109.17 -71.16%
Mainly due to the impact on cash managementactivities.Other current assets 404,780,398.61 8,781,928.47 4,509.24%
Mainly due to the impact on cash managementactivities.Investment real estate 11,946,517.84 6,373,135.42 87.45%
Due to the increase in renting out the real estatevacant temporarily.Construction in progress 103,936,626.05 27,241,137.26 281.54% Capital construction investment.Short-term loans 16,000,000.00 31,830,000.00 -49.73%
Due to the decrease in short-term bank financingborrowings of subsidiary.Employee benefits payable 21,004,386.47 70,475,565.86 -70.20%
The year-end bonus of 2022 accrued at the end ofthe previous period, which was paid in Jan, 2023,and the balance decreased.Taxes payable 21,326,996.40 54,028,725.59 -60.53%
Due to the decrease of taxes payable at the periodend.Other payables 18,321,940.65 3,035,031.46 503.68%
Mainly due to increase in payable caused bydecrease of capital of the subsidiary during thisperiod.Other current liabilities 182,677,047.66 119,463,543.08 52.91%
Due to the increase in undue endorsed bankacceptance bills, which were not terminated.Other non-current liabilities 276,415,232.56 199,568,192.56 38.51%
Due to increase in prepayments from customersover one year.Consolidated Income Statement items fromthe beginning of the year to the end of the
reporting period
Jan 1 to Sep 30,2023Jan 1 to Sep 30, 2022
ChangeReasons for the changes(RMB) (RMB)Selling expenses 85,229,051.95 59,998,665.66 42.05%
The increase in the sales scope, which led theincrease in sales expenses, such as staff expenses,after sale expenses, sales service fees, etc.General and administrative expenses 64,034,974.28 81,482,790.07 -21.41%
Mainly due to the entities consolidated changedcompared with base reporting period. Overseascompany sold was no longer consolidated.Research and development expenses 108,579,721.64 71,501,574.87 51.86% Due to the increase in the R&D inputs.
Financial expenses -490,595.60 -7,885,743.35 93.78%
Due to interest expenses from convertible bond,deducted from interest revenue.Other income 64,004,359.76 42,101,143.44 52.03%
The value-added tax refund received from sales ofproduct with software increased compared withwhich of the same period of last year.Investment income (loss is stated with “-”) 4,289,834.84 17,164,499.25 -75.01%
The investment income accrued in associatesdecreased compared with which of the sameperiod of last year..Gains from changes in fair value (loss isstated with “-”)
8,915,503.57 1,727,503.34 416.09% Due to the impact on cash management activities.Credit impairment losses (loss is statedwith “-”)
-28,508,702.98 -4,691,571.35 507.66%
Due to the impact on the provision for bad debtsaccrued increased.Non-operating income 6,878,543.11 10,002.70 68,666.86%Income from contract liquidated damages.
Consolidated Cash Flow Statement itemsfrom the beginning of the year to the end of
the reporting period
Jan 1 to Sep 30,2023Jan 1 to Sep 30, 2022
Change Reasons for the changes(RMB) (RMB)Net cash flows from operating activities-5,427,399.95 237,352,418.49 -102.29%
With the performance of contract, operating cashoutflows such as production inputs, procurementetc., increased during the reporting period.Net cash flows from investing activities -184,260,513.13 205,055,247.99 -189.86%
Mainly due to the impact on cash managementactivities and investment in capital construction.Net cash flows from financing activities -279,519,211.45 179,170,076.14 -256.01%
Mainly due to the insurance of 450 millionconvertible bond in Sep 2022.
II. Shareholders Information
1. Total number of common shareholders and preference shareholders with voting rights recovered
and top ten common shareholders
Unit: Share
Total number of shareholders of commonstocks at the end of the reporting period
19,699Total preference shareholders withvoting rights recovered at end ofreporting period
Top 10 shareholdersName Nature OwnershipAmount of shares held
Amount ofrestrictedshares held
Pledged, marked, orfrozen stocksStatusAmountUnicom Kaixing Equity InvestmentManagement (Zhuhai Hengqin) Limited -Lianchuang Weilai (Wuhan) IntelligentManufacturing Industrial InvestmentPartnership (Limited Partnership)
Others 14.20%145,176,676
Deng Xijun Domestic natural person 9.41%96,181,562 72,136,172Zhang Yuchun Domestic natural person 8.09%82,696,357 62,022,268Wang Chungang Domestic natural person 5.61%57,394,047 43,045,535Harbin Institute of Technology AssetManagement Co. Ltd
Domestic state-ownedcorporate
5.00%51,127,500
Cai Zhihong Domestic natural person 4.96%50,677,029
Cai Hegao Domestic natural person 4.89%50,000,000
Cheng Fang Domestic natural person 1.39%14,174,358
Tan Jianxun Domestic natural person 1.36%13,863,433
China Life Insurance Company Limited -Traditional - General Insurance Products-005L-CT001 Shanghai
Others 1.08%11,010,370
Top 10 shareholders with unrestricted shares heldName Amount of unrestricted shares held
Type and amount of sharesType AmountUnicom Kaixing Equity InvestmentManagement (Zhuhai Hengqin) Limited -Lianchuang Weilai (Wuhan) IntelligentManufacturing Industrial InvestmentPartnership (Limited Partnership)
145,176,676RMB ordinary shares145,176,676
Harbin Institute of Technology AssetManagement Co. Ltd
51,127,500RMB ordinary shares51,127,500
Cai Zhihong50,677,029RMB ordinary shares50,677,029Cai Hegao50,000,000RMB ordinary shares50,000,000Deng Xijun24,045,390RMB ordinary shares24,045,390Zhang Yuchun20,674,089RMB ordinary shares20,674,089Wang Chungang14,348,512RMB ordinary shares14,348,512Cheng Fang14,174,358RMB ordinary shares14,174,358Tan Jianxun13,863,433RMB ordinary shares13,863,433China Life Insurance Company Limited -Traditional - General Insurance Products-005L-CT001 Shanghai
11,010,370RMB ordinary shares11,010,370
2.The total number of preferred shareholders and the top 10 preferred shareholders’ shareholdings of
the Company
□Applicable √Not applicable
III. Other Significant Events
□Applicable √Not applicable
IV. Quarterly Financial Statements
1. Financial statements
(1)Consolidated Balance Sheet
Prepared by HARBIN BOSHI AUTOMATION CO., LTD.
Sep 30, 2023 Unit: RMB
Item Sep 30,2023 Jan 1, 2023Current assets:
Cash and cash equivalent 190,207,295.84659,606,109.17Financial assets held for trading 1,033,121,635.481,268,124,738.43Derivative financial assetsNotes receivable 260,702,232.31307,322,625.28Accounts receivable 1,004,099,746.47856,529,854.29Financing receivable 86,861,096.29111,064,333.27Advance payment 117,043,772.49139,594,005.25Other receivables 32,644,822.9529,316,161.67
Thereof: Interest receivable
Dividend receivable 2,601,281.282,601,281.28Inventories 2,279,346,244.821,912,047,999.38Contract assets 119,089,690.01124,651,440.99Assets held for saleNon-current assets due within one yearOther current assets 404,780,398.618,781,928.47Total current assets5,527,896,935.275,417,039,196.20Non-current assets:
Debt investmentsOther debt investmentsLong-term receivable 20,675,655.36Long-term equity investment 387,663,745.69397,830,998.40Investment in other equity instruments 61,563,794.9357,477,364.10Other non-current financial assetsInvestment real estate 11,946,517.846,373,135.42Fixed assets 176,157,993.33192,561,428.46
Construction in progress 103,936,626.0527,241,137.26Productive biological assetsOil and gas assetsRight-of-use assets 5,758,022.762,349,347.56Intangible assets 53,818,171.3457,090,300.02Development expenditureGoodwill 1,120,909.261,120,909.26Long-term deferred expenses 85,970.2484,955.75Deferred income tax assets 50,637,721.9740,734,119.14Other non-current assets 24,120,686.9220,759,073.65Total non-current assets897,485,815.69803,622,769.02Total assets6,425,382,750.966,220,661,965.22Current liabilities:
Short-term loans 16,000,000.0031,830,000.00Financial liabilities held for tradingDerivative financial liabilitiesNotes payableAccounts payable 297,565,910.46227,581,839.47Advance from customers 193,500.0096,750.00Contract liabilities 1,597,277,444.961,725,223,007.33Employee benefits payable 21,004,386.4770,475,565.86Taxes payable 21,326,996.4054,028,725.59Other payables 18,321,940.653,035,031.46Thereof: Interest payable
Dividend payableLiabilities held for saleNon-current liabilities due within one year 2,019,281.362,097,594.87Other current liabilities 182,677,047.66119,463,543.08Total current liabilities2,156,386,507.962,233,832,057.66Non-current liabilities:
Long-term loansBonds payable 427,912,891.01415,824,511.11Thereof: Preferred stock
Perpetual debtLease liabilities 1,528,027.63
Long-term payablesLong-term employee benefits payableEstimated liabilities 6,623,830.585,195,263.40Deferred income 2,705,526.454,781,549.13Deferred income tax liability 17,194,180.9314,903,697.98Other non-current liabilities 276,415,232.56199,568,192.56Total non-current liabilities732,379,689.16640,273,214.18Total Liabilities2,888,766,197.122,874,105,271.84Shareholders' equity:
Share capital 1,022,556,281.001,022,550,000.00Other equity instruments 32,096,423.7932,103,507.97Thereof: Preferred stock
Perpetual debtCapital reserve 233,776,984.32226,083,353.77Minus: treasury sharesOther comprehensive income 26,075,395.5722,852,245.26Special reserve 29,146,626.9829,243,725.77Surplus reserve 300,522,057.11300,522,057.11General risk reserveRetained earnings 1,715,050,014.891,536,091,897.65Total equity attributable to shareholders of parentcompany
3,359,223,783.663,169,446,787.53Minority shareholder equity 177,392,770.18177,109,905.85Total shareholders' equity3,536,616,553.843,346,556,693.38Total liabilities and shareholders' equity6,425,382,750.966,220,661,965.22
Legal representative: Deng Xijun Director of Finance: Sun Zhiqiang Prepared by: Wang Peihua
(2)Consolidated Income Statement (from the year-begin to the period-end)
Unit: RMB
Item Current period Last period
1. Total revenue 1,982,264,381.09 1,726,933,928.75 Thereof : Operating revenue 1,982,264,381.09 1,726,933,928.75
2. Total cost 1,502,853,525.07 1,270,081,645.10
Thereof: Cost of sales 1,233,296,151.56 1,048,855,432.04 Taxes and surcharges 12,204,221.24 16,128,925.81 Selling expenses 85,229,051.95 59,998,665.66 General and administrative expenses 64,034,974.28 81,482,790.07 Research and development expenses 108,579,721.64 71,501,574.87 Financial expenses -490,595.60 -7,885,743.35 Thereof : Interest expenses 8,342,075.54 1,341,481.22 Interest income 9,006,178.08 8,892,090.20 Add: Other income 64,004,359.76 42,101,143.44 Investment income (loss is stated with “-”) 4,289,834.84 17,164,499.25Thereof: Investment income from associates and jointventures
-9,363,612.21 3,930,094.04Gain from the derecognition of the financial assets measuredat amortized cost
Exchange income (Loss is listed with “-”)
Net exposure hedging gains ("-" for losses) Gains from changes in fair value (loss is stated with “-”) 8,915,503.57 1,727,503.34 Credit impairment losses (loss is stated with “-”) -28,508,702.98 -4,691,571.35 Asset impairment losses (loss is stated with “-”) -7,918,363.38 -7,020,613.46 Gains from disposal of assets (loss is stated with “-”) -8,374.20 -124,736.92
3. Operating profit (loss is stated with “-”) 520,185,113.63 506,008,507.95 Add: Non-operating income 6,878,543.11 10,002.70 Less: Non-operating expenses 2,438,608.30 2,006,878.17
4. Total profit (loss is stated with “-”) 524,625,048.44 504,011,632.48 Less: Income tax expenses 65,535,949.00 64,755,677.87
5. Net profit (loss is stated with “-”) 459,089,099.44 439,255,954.61
(1) Classified by continuity of operations
Net profit from continuing operations(loss is stated with “-”) 459,089,099.44 439,255,954.61Net profit from discontinued operations(loss is stated with “-”)
(2) Classified by ownership of the equity Attributable to shareholders of the Parent Company 434,596,978.99 427,635,504.26 Minority interests 24,492,120.45 11,620,450.35
6. Other comprehensive income, net of tax 3,223,150.31 -4,264,112.53Other comprehensive income attributable to shareholders of theParent Company, net of tax
3,223,150.31 -2,384,705.47
(1) Other comprehensive income items which will not be
3,064,823.12
reclassified subsequently to profit or loss
1) Changes arising from re-measurement of defined benefit
plan
2) Other comprehensive income that will not be transferred
subsequently to profit or loss under the equity method
3) Changes in the fair value of the investment in other
equity instruments
3,064,823.12
4)Changes in the fair value of the Company’s own credit
risk
5)Others
(2) Other comprehensive income items which will be reclassified
subsequently to profit or loss
158,327.19 -2,384,705.47
1) Other comprehensive income that will be transferred
subsequently to profit or loss under the equity method
158,327.19
2)Changes in the fair value of other debt investments
3)Amount of financial assets reclassified and included in
other comprehensive income
4) Credit impairment reserves for other debt investment
5) Cash flow hedging reserve
6) Translation differences arising from translation of
foreign currency financial statements
-2,384,705.47
7)OthersOther comprehensive income attributable to minority shareholders,net of tax
-1,879,407.06
7. Total comprehensive income 462,312,249.75 434,991,842.08 Attributable to shareholders of the Parent Company 437,820,129.30 425,250,798.79 Minority interests 24,492,120.45 9,741,043.29
8. Earnings per share (1) Basic earnings per share 0.4250 0.4182 (2) Diluted earnings per share 0.4220 0.4182
Legal representative: Deng Xijun Director of Finance: Sun Zhiqiang Prepared by: Wang Peihua
(3)Consolidated Cash Flow Statement (from the year-begin to the period-end)
Unit: RMB
Item Current period Last period
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services 1,703,590,738.01 1,692,515,714.32 Refund of taxes and surcharges 63,464,496.91 36,792,855.10 Other cash receipts relating to operating activities 21,903,956.89 19,721,312.99Sub-total of cash inflows from operating activities 1,788,959,191.81 1,749,029,882.41 Cash paid for goods and services 1,073,881,310.04 914,474,850.41 Cash paid to employees and paid on behalf of employees 387,631,625.11 331,300,462.24 Payments of taxes and surcharges 208,747,338.47 181,200,514.91 Other cash payments relating to operating activities 124,126,318.14 84,701,636.36Sub-total of cash outflows from operating activities 1,794,386,591.76 1,511,677,463.92Net cash flows from operating activities -5,427,399.95 237,352,418.49
2. Cash flows from investing activities Cash received from withdrawing investments 3,968,708,440.38 1,905,561,417.02 Cash received from investment income 23,357,432.93 27,498,794.20Net cash received from disposal of fixed assets, intangible assets andother long term assets
92,495.56 106,240.67Net cash received from disposal of subsidiaries and other operatingunits
Other cash receipts relating to investing activities 653,071.00 2,812,977.50Sub-total of cash inflows from investing activities 3,992,811,439.87 1,935,979,429.39Cash paid to acquire fixed assets, intangible assets and otherlong-term assets
84,038,953.00 27,164,181.40 Cash paid to acquire investments 4,093,013,000.00 1,703,760,000.00Net increase of mortgaged loansNet cash paid to acquire subsidiaries and other operating units
Other cash payments relating to investing activities 20,000.00Sub-total of cash outflows from investing activities 4,177,071,953.00 1,730,924,181.40Net cash flows from investing activities -184,260,513.13 205,055,247.99
3. Cash flows from financing activitiesCash received from capital contributions 1,590,000.00Thereof: Cash received by subsidiaries from minority shareholders’capital contributions
1,590,000.00
Cash received from borrowings 17,930,000.00 481,760,000.00Other cash receipts from financing activitiesSub-total of cash inflows from financing activities 19,520,000.00 481,760,000.00 Cash repayments of borrowings 24,260,000.00 38,060,000.00Distribution of dividends or profits and payments for interestexpenses
257,440,719.33 256,475,456.09Thereof: Cash payments for dividends or profit to minorityshareholders by subsidiaries
Other cash payments relating to financing activities 17,338,492.12 8,054,467.77Sub-total of cash outflows from financing activities 299,039,211.45 302,589,923.86Net cash flows from financing activities -279,519,211.45 179,170,076.14
4. Effect of foreign exchange rate changes on cash and cash equivalents 921,209.91 2,287,555.38
5. Net increase in cash and cash equivalents -468,285,914.62 623,865,298.00 Add: Cash and cash equivalents at the beginning of period 656,593,226.15 290,330,558.56
6. Cash and cash equivalents at the end of period 188,307,311.53 914,195,856.56
2. Adjustments to financial report at the beginning of the year relating to the initial adoption of the
new accounting standards since 2023.
In 2022, the Ministry of Finance promulgated the Accounting Standards for Business EnterprisesInterpretation No.16, which requires enterprises listed in China to implement it from January 1
st
, 2023. TheCompany has implemented the national accounting policy changes in a unified manner, and has implementedthe Accounting Standards for Business Enterprises Interpretation No.16 since January 1
st
, 2023.
The Company adjusted the amount of the relevant items in the financial statements of the beginning of 2023in accordance with the first implementation of the Accounting Standards for Business EnterprisesInterpretation No.16.
Consolidated Balance Sheet
Unit: RMBItem Dec 31,2022 Jan 1,2023 AdjustmentAssets:Deferred income tax assets40,346,009.83 40,734,119.14 388,109.31Total non-current assets803,234,659.71 803,622,769.02 388,109.31Total assets6,220,273,855.91 6,220,661,965.22 388,109.31Liabilities:
Deferred income tax liability14,377,363.26 14,903,697.98 526,334.72Total non-current liabilities639,746,879.46 640,273,214.18 526,334.72Total Liabilities2,873,578,937.12 2,874,105,271.84 526,334.72Shareholders' equity:
Retained earnings1,536,230,123.06 1,536,091,897.65 -138,225.41Total equity attributable to shareholders of parentcompany
3,169,585,012.94 3,169,446,787.53 -138,225.41Total shareholders' equity 3,346,694,918.79 3,346,556,693.38 -138,225.41Total liabilities and shareholders' equity 6,220,273,855.91 6,220,661,965.22 388,109.31
3. Auditor’s report
Whether this Third Interim Report has been audited by auditing firm or not?
□Yes √No
TheThird Interim Report has not been audited by auditing firm.
Board of DirectorsHARBIN BOSHI AUTOMATION CO., LTD.
October 28
th, 2023