熵基科技：2024年第一季度报告英文版
Stock Code: 301330 Abbreviation of Securities: ZKTECO Announcement No.: 2024-023
ZKTECO CO., LTD.2024 1st Quarter ReportThe Company and all members of the Board of Directors guarantee that theinformation disclosed is true, accurate and complete, without any false records,misleading statements or material omissions.
Important content tips:
1. The Board of Directors, the Board of Supervisors, directors, supervisors and senior management guarantee that the informationpresented in this report is true, accurate and complete without any false records, misleading statements or material omissions, and willundertake individual and joint legal liabilities.
2. The Company's legal representative, the person in charge of the accounting work, and the person in charge of accounting institution(accounting supervisor) hereby declare that the financial information in this report is true, accurate and complete.
3. Whether the 1st Quarter Report has been audited
□ Yes ?No
I. Key Financial Data
(I) Main Accounting Data and Financial IndicatorsWhether the Company performed a retroactive adjustment or restatement of the previous accounting data
□ Yes ?No
| Current reporting period | The same period last year | Increase/decrease in this reporting period compared to the same period last year (%) | |
| Operating revenue (RMB) | 399,677,922.33 | 403,022,827.48 | -0.83% |
| Net profit attributable to shareholders of listed companies (RMB) | 26,334,496.73 | 31,690,542.22 | -16.90% |
| Net profit attributable to shareholders of listed companies after deducting non-recurring profits and losses (RMB) | 21,211,610.69 | 30,281,180.21 | -29.95% |
| Net cash flows from operating activities (RMB) | 61,516,123.25 | 64,369,898.55 | -4.43% |
| Basic EPS (RMB/share) | 0.1363 | 0.2098 | -35.03% |
| Diluted EPS (RMB/share) | 0.1357 | 0.2121 | -36.02% |
| Weighted average return on net assets | 0.81% | 1.03% | -0.22% |
| At the end of this reporting period | At the end of the previous year | Increase or decrease at the end of this reporting period compared to the end of the previous year (%) | |
| Total assets (RMB) | 3,842,695,159.18 | 3,923,900,732.70 | -2.07% |
| Owner's equity attributable to shareholders of the listed company (RMB) | 3,233,242,654.11 | 3,265,413,589.20 | -0.99% |
(II) Items and Amounts of Non-recurring Gains and Losses?Applicable □ Not applicable
Unit: RMB
| Item | Amount during this reporting period | Remarks |
| Losses and gains from disposal of non-current assets (including the offsetting portion of the provision for asset impairment) | -39,306.15 | |
| Government subsidies included in current profits and losses (except those closely related to the normal business of the Company, which are in line with national policies and regulations, enjoyed according to determined standards, and have a continuous impact on the Company's profits and losses) | 4,244,025.36 | Mainly due to government subsidies received during the reporting period |
| Profits and losses from fair value changes arising from the holding of financial assets and financial liabilities by non-financial enterprises, as well as the gains and losses | 1,635,451.13 |
| arising from the disposal of financial assets and financial liabilities except for effective hedging business related to the normal operation of the Company | ||
| Capital occupancy fees charged to non-financial enterprises included in current profits and losses | 10,644.45 | |
| Other non-operating income and expenses other than the above items | 189,944.64 | |
| Less: income tax impact | 846,942.22 | |
| Minority interest impact (after tax) | 70,931.17 | |
| Total | 5,122,886.04 | -- |
Details of other profit and loss items that meet the definition of non-recurring profits and losses
□ Applicable ?Not applicable
The Company does not have other specific conditions of profit and loss items that meet the definition of non-recurring profits andlosses.Explanations on classifying any non-recurring gain/loss item mentioned in the "Explanatory Announcement for Information Disclosureby Companies that Issue Securities to the Public No. 1 -Non-recurring Gains and Losses" as recurring gain/loss item
□ Applicable ?Not applicable
The Company does not classify any non-recurring gain/loss item mentioned in the "Explanatory Announcement for InformationDisclosure by Companies that Issue Securities to the Public No. 1 -Non-recurring Gains and Losses" as recurring gain/loss item.(III) Changes and Reasons for Changes in Key Accounting Data and Financial Indicators
?Applicable □ Not applicable
| Balance Sheet Items | March 31, 2024 | December 31, 2023 | Change ratio | Reasons |
| Other non-current assets | 23,158,491.21 | 16,884,605.85 | 37.16% | Mainly due to the implementation fee of the new ERP system paid in the current period |
| Taxes and dues payable | 14,664,359.01 | 28,892,229.44 | -49.24% | Mainly due to the payment of previous years' corporate income tax in the current period |
| Treasury stock | 59,683,228.10 | 784,700.00 | 7505.87% | Mainly due to the repurchase of shares in the current period |
| Income Statement Items | January-March 2024 | January-March 2023 | Change ratio | Reasons |
| Taxes and surcharges | 5,753,958.79 | 2,815,533.99 | 104.36% | Mainly due to the tax increase in the first quarter of this year calculated and determined by local regulations for some overseas subsidiaries |
| Other income | 5,343,759.73 | 3,354,811.90 | 59.29% | Mainly due to the year-on-year increase in R&D subsidies received by subsidiaries in the current period |
| Gains from changes in fair value | 236,066.72 | 0.00 | 100.00% | Mainly due to the income from financial products |
| Losses from credit impairment (loss expressed with "-") | 1,471,208.38 | 818,545.26 | 79.73% | Mainly due to the decrease in accounts receivable at the end of this period, resulting in the reversal of bad debt reserves |
| Cash Flow Statement Items | January-March 2024 | January-March 2023 | Change ratio | Reasons |
Net cash flows fromoperating activities
| Net cash flows from operating activities | -51,857,022.79 | 8,704,305.63 | -695.76% | Mainly due to a decrease in current mature financial products and an increase in investment in ongoing projects |
| Net cash flows from financing activities | -69,620,223.57 | -20,327,769.95 | -242.49% | Mainly due to the payment of stock repurchase funds in the current period |
| Net increase in cash and cash equivalents | -58,904,092.39 | 49,073,776.48 | -220.03% | Mainly due to a decrease in net cash flow from investing activities and financing activities in the current period |
II. Shareholder Information(I) Table of the Total Number of Common Shareholders and the Number of Preferred Shareholders withResumed Voting Rights and Information about Top Ten Shareholders
Unit: share
| Total number of common shareholders at the end of the reporting period | 19,470 | Total number of preferred shareholders whose voting rights have been recovered at the end of the reporting period (if any) | 0 | |||
| Particulars about the top 10 shareholders (excluding shares lent through refinancing) | ||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage (%) | Total shares held at the period-end | Number of shares with trading restrictions | Pledge, marking or frozen | |
| Share status | Amount | |||||
| Shenzhen ZKTeco Times Investment Co., Ltd. | Domestic non state-owned corporation | 30.05% | 58,500,000.00 | 58,500,000.00 | Not applicable | 0.00 |
| Che Quanhong | Domestic individual | 17.48% | 34,022,300.00 | 34,022,300.00 | Not applicable | 0.00 |
| Shenzhen JYSJ Investment Enterprise (Limited Partnership) | Domestic non state-owned corporation | 7.25% | 14,107,600.00 | 10,580,700.00 | Not applicable | 0.00 |
| Shenzhen JYHY Investment Enterprise (Limited Partnership) | Domestic non state-owned corporation | 7.15% | 13,921,050.00 | 10,440,787.00 | Not applicable | 0.00 |
| Dongguan LX Investment Partnership Enterprise (Limited Partnership) | Domestic non state-owned corporation | 5.08% | 9,880,000.00 | 9,880,000.00 | Not applicable | 0.00 |
| Shenzhen JYLX Consulting Enterprise (Limited Partnership) | Domestic non state-owned corporation | 2.42% | 4,717,910.00 | 3,561,285.00 | Not applicable | 0.00 |
| Shenzhen JYQL Investment Consulting Enterprise (Limited Partnership) | Domestic non state-owned corporation | 0.89% | 1,724,900.00 | 1,322,100.00 | Not applicable | 0.00 |
| Huaxin Yuanchuang (Qingdao) Investment Management | Others | 0.87% | 1,701,621.00 | 0.00 | Not applicable | 0.00 |
| Co., Ltd. - Qingdao Walden Zhongxiang Investment Center (Limited Partnership) | ||||||
| Hong Kong Securities Clearing Company Limited | Overseas corporation | 0.36% | 700,997.00 | 0.00 | Not applicable | 0.00 |
| Shenzhen Gohedge Fund Management Co., Ltd. - Gohedge Pearl No.1 Private Equity Fund | Others | 0.35% | 688,580.00 | 0.00 | Not applicable | 0.00 |
| 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 shares without trading restrictions | Types of shares | ||||
| Types | Amount | |||||
| Shenzhen JYSJ Investment Enterprise (Limited Partnership) | 3,526,900.00 | RMB denominated ordinary shares | 3,526,900.00 | |||
| Shenzhen JYHY Investment Enterprise (Limited Partnership) | 3,480,263.00 | RMB denominated ordinary shares | 3,480,263.00 | |||
| Huaxin Yuanchuang (Qingdao) Investment Management Co., Ltd. - Qingdao Walden Zhongxiang Investment Center (Limited Partnership) | 1,701,621.00 | RMB denominated ordinary shares | 1,701,621.00 | |||
| Shenzhen JYLX Consulting Enterprise (Limited Partnership) | 1,156,625.00 | RMB denominated ordinary shares | 1,156,625.00 | |||
| Hong Kong Securities Clearing Company Limited | 700,997.00 | RMB denominated ordinary shares | 700,997.00 | |||
| Shenzhen Gohedge Fund Management Co., Ltd. - Gohedge Pearl No.1 Private Equity Fund | 688,580.00 | RMB denominated ordinary shares | 688,580.00 | |||
| Shenzhen Fuhai Juanyong I Venture Investment Fund (Limited Partnership) | 666,138.00 | RMB denominated ordinary shares | 666,138.00 | |||
| Shenzhen JYQL Investment Consulting Enterprise (Limited Partnership) | 402,800.00 | RMB denominated ordinary shares | 402,800.00 | |||
| Changjiang Wealth Asset Management - Bank of Nanjing - Changjiang Wealth - ZKTeco Employee Strategic Placement No.1 Collective Asset Management Plan | 379,592.00 | RMB denominated ordinary shares | 379,592.00 | |||
| Zhuo Qiugang | 299,790.00 | RMB denominated | 299,790.00 | |||
| ordinary shares | |||
| Explanation on associated relationship and concerted actions among above shareholders | Shareholder Che Quanhong is elder brother of shareholder Che Quanzhong from Shenzhen ZKTeco Times Investment Co., Ltd., and son of Che Jun, partner of Dongguan LX Investment Partnership Enterprise (Limited Partnership). The shareholder Che Quanhong holds 76.02% of the equity of Shenzhen ZKTeco Times Investment Co., Ltd., being the controlling shareholder of Shenzhen ZKTeco Times Investment Co., Ltd. Meanwhile, Che Quanhong holds 1.18% of the property share of shareholder Dongguan LX Investment Partnership Enterprise (Limited Partnership). Che Quanzhong, the younger brother of shareholder Che Quanhong, holds a 23.98% equity in Shenzhen ZKTeco Times Investment Co., Ltd. Che Jun, the father of shareholder Che Quanhong, holds 98.68% of the property share of Dongguan LX Investment Partnership Enterprise (Limited Partnership). In addition, there is no affiliated relationship between the other shareholders of the Company. | ||
| Information on Top 10 shareholders of participating in margin trading and short selling business (if any) | Among the top 10 shareholders, Shenzhen Gohedge Fund Management Co., Ltd. - Gohedge Pearl No.1 Private Equity Fund held a total of 688,580 shares of the Company at the end of the reporting period, including 563,520 shares held through ordinary securities accounts and 125,060 shares held through a margin account of CITIC Securities Co., Ltd. Among the top 10 shareholders not subject to trading restrictions, at the end of the reporting period, Zhuo Qiugang held a total of 299,790 shares of the Company, including 0 share held through ordinary securities accounts and 299,790 shares held through a margin account of Huatai Securities Co., Ltd. | ||
Note: Special explanations on the existence of repurchased accounts among the top 10 shareholders not subject to trading restrictionsAs of March 31, 2024, the Company's repurchased account holds 2,230,000 ordinary shares, accounting for 1.15% of the current totalshare capital of the Company. As required, it is not included in the list of the top 10 shareholders of the Company. It is hereby clarified.
Participation of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders of outstandingshares not subject to trading restrictions in the lending of shares through refinancing
□ Applicable ?Not applicable
Changes to the top 10 shareholders and the top 10 shareholders of outstanding shares not subject to trading restrictions compared tothe previous period due to reasons related to lending/repayment through refinancing
□ Applicable ?Not applicable
(II) Table of the Total Number of Preferred Shareholders of the Company and the Shareholding of the Top10 Preferred Shareholders
□ Applicable ?Not applicable
(III) Changes in Restricted Shares
□ Applicable ?Not applicable
III. Other Important Events?Applicable □ Not applicable
1. Matters related to the adjustment of investment projects with raised funds
The Company held the 9th Session of the Third Board Meeting and the 8th Session of the Third Supervisory Board Meeting onApril 22, 2024, and approved the "Proposal on Adjusting the Implementation Method, Total Investment Amount and Delay of Part ofthe Raised Fund Investment Projects". The Company plans to change the investment in Tangxia R&D Center site in the "R&D CenterConstruction Project" of the raised fund investment project from a newly built R&D site to the use of existing idle sites, and adjust thecorresponding total investment amount. The Company plans to postpone the "Hybrid Biometrics IoT Intelligent Industrial Base Project"and "R&D Center Construction Project" to the date when the expected conditions for use are met. For details, please refer to the"Announcement on Adjusting the Implementation Method, Total Investment Amount and Delay of Part of the Raised Fund InvestmentProjects" (Announcement No. 2024-020) disclosed by ZKTeco on CNINFO (http://www.cninfo.com.cn).
IV. Quarterly Financial Statements(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by: ZKTECO CO., LTD.
March 31, 2024
Unit: RMB
| Item | March 31, 2024 | January 1, 2024 |
| Current assets: | ||
| Monetary funds | 1,884,448,540.69 | 1,990,924,954.78 |
| Deposit reservation for balance | ||
| Lendings to banks and other financial institutions | ||
| Trading financial asset | 88,038,670.48 | 80,980,203.63 |
| Derivative financial assets | ||
| Notes receivable | ||
| Accounts receivable | 446,451,642.30 | 479,803,313.66 |
| Receivable financing | ||
| Prepayment | 28,917,055.59 | 23,457,907.24 |
| Premiums receivable | ||
| Reinsurance accounts receivable | ||
| Reserves for reinsurance contract receivable | ||
| Other receivables | 34,630,409.43 | 32,744,574.20 |
| Including: interest receivable | ||
| Dividends receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 384,035,852.46 | 372,714,784.31 |
| Including: Data resources | ||
| Contract assets | 282,186.31 | 282,186.31 |
| Held-for-sale assets | ||
| Non-current assets due within one year | 20,244,084.85 | 17,257,614.74 |
| Other current assets | 25,306,482.41 | 25,865,809.28 |
| Total current assets | 2,912,354,924.52 | 3,024,031,348.15 |
| Non-current assets: | ||
| Loans and advances to customers | ||
| Debt investment | 42,231,208.57 | 42,284,596.90 |
| Other debt investment | ||
| Long-term receivables | 2,575,324.44 | 2,447,228.23 |
| Long-term equity investment | 29,487,115.99 | 29,781,888.62 |
| Other equity instrument investments |
| Other non-current financial assets | ||
| Investment real estate | 22,735,195.83 | 23,145,488.85 |
| Fixed assets | 461,235,340.31 | 470,121,791.29 |
| Construction in progress | 175,005,695.51 | 138,986,483.73 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Right-of-use asset | 34,668,280.03 | 38,669,718.86 |
| Intangible assets | 64,661,035.26 | 66,016,371.68 |
| Including: Data resources | ||
| Development expenditures | ||
| Including: Data resources | ||
| Goodwill | 505,680.37 | 504,803.72 |
| Long-term deferred expenses | 3,736,506.27 | 3,768,847.81 |
| Deferred income tax assets | 70,340,360.87 | 67,257,559.01 |
| Other non-current assets | 23,158,491.21 | 16,884,605.85 |
| Total non-current assets | 930,340,234.66 | 899,869,384.55 |
| Total assets | 3,842,695,159.18 | 3,923,900,732.70 |
| Current liabilities: | ||
| Short-term loan | ||
| Borrowings from the Central Bank | ||
| Borrowings from banks and other financial institutions | ||
| Trading financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 109,360,178.00 | 122,573,544.09 |
| Accounts payable | 214,997,773.19 | 245,084,182.32 |
| Advances from customer | ||
| Contract liabilities | 80,014,301.44 | 65,331,106.17 |
| Financial assets sold for repurchase | ||
| Deposit from customers and interbank | ||
| Acting trading securities | ||
| Acting underwriting securities | ||
| Payroll payable | 52,007,326.34 | 56,630,101.98 |
| Taxes and dues payable | 14,664,359.01 | 28,892,229.44 |
| Other payables | 40,586,069.69 | 36,735,314.36 |
| Including: interest payable | ||
| Dividends payable | ||
| Handling charges and commissions payable | ||
| Reinsurance accounts receivable | ||
| Liabilities held for sale | ||
| Non-current liabilities due within one year | 16,818,104.97 | 21,094,682.36 |
| Other current liabilities | 14,573,690.68 | 16,463,934.35 |
| Total current liabilities | 543,021,803.32 | 592,805,095.07 |
| Non-current liabilities: | ||
| Reserves for insurance contracts | ||
| Long-term loan | 7,339,071.56 | 7,810,405.04 |
| Bonds payable | ||
| Including: preferred stock | ||
| Perpetual bonds | ||
| Lease liabilities | 19,799,481.86 | 19,713,286.21 |
| Long-term payables | ||
| Long-term payroll payable | ||
| Estimated liabilities | 600,000.00 | 600,000.00 |
| Deferred income | 1,807,011.40 | 1,853,549.62 |
| Deferred tax liability | 10,057,736.55 | 10,329,053.48 |
| Other non-current liabilities | ||
| Total non-current liabilities | 39,603,301.37 | 40,306,294.35 |
| Total liabilities | 582,625,104.69 | 633,111,389.42 |
| Owner's equity: | ||
| Share capital | 194,679,508.00 | 194,679,508.00 |
| Other equity instruments | ||
| Including: preferred stock | ||
| Perpetual bonds | ||
| Capital reserve | 2,079,667,212.27 | 2,075,479,375.13 |
| Less: treasury stock | 59,683,228.10 | 784,700.00 |
| Other comprehensive income | 24,206,218.33 | 28,000,959.19 |
| Special reserve | ||
| Surplus reserves | 60,455,422.50 | 60,455,422.50 |
| General risk reserves | ||
| Undistributed profits | 933,917,521.11 | 907,583,024.38 |
| Total owner's equity attributable to the parent company | 3,233,242,654.11 | 3,265,413,589.20 |
| Minority interests | 26,827,400.38 | 25,375,754.08 |
| Total owner's equity | 3,260,070,054.49 | 3,290,789,343.28 |
| Total liabilities and owner's equity | 3,842,695,159.18 | 3,923,900,732.70 |
Legal Representative: Jin Hairong. Person in charge of accounting work: Wang Youwu. Person in charge of accounting institution:
Fang Li
2. Consolidated Income Statement
Unit: RMB
| Item | 2024 Q1 | 2023 Q1 |
| I. Total operating revenue | 399,677,922.33 | 403,022,827.48 |
| Including: operating revenue | 399,677,922.33 | 403,022,827.48 |
| Interest income | ||
| Premium earned | ||
| Revenue from handling charges and commissions | ||
| II. Total operating cost | 378,734,196.82 | 366,431,964.03 |
| Including: operating cost | 201,116,936.42 | 206,936,533.66 |
| Interest expense | ||
| Expenses from handling charges and commissions | ||
| Surrender value | ||
| Net payments for insurance claims | ||
| Net provisions for policy reserves | ||
| Policy dividend expenses | ||
| Reinsurance expenses | ||
| Taxes and surcharges | 5,753,958.79 | 2,815,533.99 |
| Selling expenses | 104,329,442.47 | 89,773,070.43 |
| Administrative expenses | 25,327,005.16 | 27,990,999.21 |
| R&D expenses | 51,910,740.47 | 47,376,880.92 |
| Financial expenses | -9,703,886.49 | -8,461,054.18 |
| Including: interest expenses | 421,820.99 | 770,609.19 |
| Interest income | 13,367,815.49 | 15,105,655.30 |
| Plus: other income | 5,343,759.73 | 3,354,811.90 |
| Investment income ( loss expressed with "-") | 1,890,785.10 | 1,975,900.37 |
| Including: income from investment in associates and joint ventures | -314,021.14 | 806,641.55 |
| Gains from derecognition of financial assets measured at amortized cost | ||
| Gains from foreign exchange (loss expressed with "-") | ||
| Gains from net exposure hedging (loss expressed with "-") | ||
| Gains from changes in fair value (loss expressed with "-") | 236,066.72 | |
| Losses from credit impairment (loss expressed with "-") | 1,471,208.38 | 818,545.26 |
| Losses from impairment of assets (loss expressed with "-") | -2,438,868.00 | -3,282,698.64 |
| Gains from disposal of assets (loss expressed with "-") | -39,306.15 | -203,207.68 |
| III. Operating profit (loss expressed with "-") | 27,407,371.29 | 39,254,214.66 |
| Plus: non-operating revenue | 291,427.78 | 96,744.56 |
| Less: non-operating expenditure | 101,483.14 | 304,657.32 |
| IV. Total profit (loss expressed with "-") | 27,597,315.93 | 39,046,301.90 |
| Less: income tax expenses | 264,464.17 | 1,529,528.60 |
| V. Net profit (loss expressed with "-") | 27,332,851.76 | 37,516,773.30 |
| (I) Classification by business continuity | ||
| 1. Net profit from continuing operations (net loss expressed with "-") | 27,332,851.76 | 37,516,773.30 |
| 2. Net profit from discontinued operations (net loss expressed with "-") | ||
| (II) Classification by ownership | ||
| 1. Net profits attributable to owners of parent company | 26,334,496.73 | 31,690,542.22 |
| 2. Minority shareholders' profit and loss | 998,355.03 | 5,826,231.08 |
| VI. Other comprehensive income - after tax | -3,505,044.17 | -4,779,705.56 |
| Net of tax of other comprehensive income attributable to the owner of the parent company | -3,794,740.86 | -4,816,630.30 |
| Other comprehensive income that cannot be transferred to profit or loss | ||
| 1. Changes in re-measurement of the defined benefit plan | ||
| 2. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| 3. Changes in fair value of other |
| equity instrument investments | ||
| 4. Changes in the fair value of the Company's own credit risk | ||
| 5. Other | ||
| (2) Other comprehensive income that will be reclassified into profit or loss | -3,794,740.86 | -4,816,630.30 |
| 1. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| 2. Changes in fair value of other debt investments | ||
| 3. Amount of financial assets reclassified into other comprehensive income | ||
| 4. Provision for credit impairment of other debt investments | ||
| 5. Cash flow hedging reserve | ||
| 6. Translation difference of foreign currency financial statements | -3,794,740.86 | -4,816,630.30 |
| 7. Others | ||
| After-tax net amount of other comprehensive income attributable to the minority shareholders | 289,696.69 | 36,924.74 |
| VII. Total comprehensive income | 23,827,807.59 | 32,737,067.74 |
| Total comprehensive income attributable to owners of the parent company | 22,539,755.87 | 26,873,911.92 |
| Total comprehensive income attributable to minority shareholders | 1,288,051.72 | 5,863,155.82 |
| VIII. Earnings per share(EPS): | ||
| (I) Basic EPS | 0.1363 | 0.2098 |
| (II) Diluted EPS | 0.1357 | 0.2121 |
In the event of a merger of enterprise under the same control in the current period, the net profit realized by the combined party beforethe merger is RMB, and the net profit realized by the combined party in the previous period is RMB.Legal Representative: Jin Hairong Person in charge of accounting work: Wang Youwu Person in charge of accounting institution:
Fang Li
3. Consolidated Cash Flow Statement
Unit: RMB
| Item | 2024 Q1 | 2023 Q1 |
| I. Cash flows from operating activities: | ||
| Cash received from sale of goods and rendering of services | 525,769,205.79 | 453,759,458.45 |
| Net increase in deposits from customers and deposits in banks and other financial institutions | ||
| Net increase in borrowings from the Central Bank | ||
| Net increase in borrowings from banks and other financial institutions | ||
| Cash received from receiving insurance premiums of original insurance contracts | ||
| Net cash received from reinsurance |
| business | ||
| Net increase in deposits and investments from policyholders | ||
| Cash received from interest, handling fees and commissions | ||
| Net increase in borrowings from banks and other financial institutions | ||
| Net capital increase in repurchase business | ||
| Net cash received from vicariously traded securities | ||
| Refund of taxes and surcharges | 21,527,469.95 | 21,026,770.27 |
| Cash received from other operating activities | 31,058,775.61 | 14,989,016.60 |
| Subtotal of cash inflows from operating activities | 578,355,451.35 | 489,775,245.32 |
| Cash paid for purchase of goods and rendering of services | 262,354,081.90 | 207,708,632.71 |
| Net increase in loans and advances to customers | ||
| Net increase in deposits in Central Bank and other banks and financial institutions | ||
| Cash paid for original insurance contract claims | ||
| Net increase in lendings to banks and other financial institutions | ||
| Cash paid for interest, handling fees and commissions | ||
| Cash paid for policy dividends | ||
| Cash paid to and for employees | 143,124,378.64 | 125,445,116.49 |
| Payments of all types of taxes | 30,521,553.88 | 13,491,315.70 |
| Other cash payments relating to operating activities | 80,839,313.68 | 78,760,281.87 |
| Subtotal of cash outflows from operating activities | 516,839,328.10 | 425,405,346.77 |
| Net cash flows from operating activities | 61,516,123.25 | 64,369,898.55 |
| II. Cash flows from investing activities: | ||
| Cash received from disinvestment | 391,746,892.28 | 485,364,529.75 |
| Cash received from investment income | 1,403,273.88 | 756,078.92 |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 52,261.44 | 178,690.17 |
| Net cash received from disposal of subsidiaries and other business units | ||
| Cash received from other investing activities | 68,155.00 | |
| Subtotal of cash inflows from investing activities | 393,270,582.60 | 486,299,298.84 |
| Cash paid to acquire and construct fixed assets, intangible assets and other long-term assets | 67,171,779.69 | 18,760,852.38 |
| Cash paid for investments | 377,955,825.70 | 458,834,140.83 |
| Net increase in pledge loans | ||
| Net cash paid to acquire subsidiaries and other business units | ||
| Cash paid for other investing activities | ||
| Subtotal of cash outflows from investing activities | 445,127,605.39 | 477,594,993.21 |
| Net cash flows from operating activities | -51,857,022.79 | 8,704,305.63 |
| III. Cash flows from financing activities: | ||
| Cash received from investors | ||
| Including: cash received by subsidiaries from the absorption of minority shareholders' investments | ||
| Cash received from borrowings | ||
| Cash received from other financing activities | 1,678,200.00 | |
| Subtotal of cash inflows from financing activities | 1,678,200.00 | |
| Cash paid for debt repayments | 461,997.06 | |
| Cash paid for distribution of dividends and profits or payment of interest | 40,620.29 | 12,487,260.75 |
| Including: dividends and profits paid to minority shareholders by subsidiaries | 12,487,260.75 | |
| Cash paid for other financing activities | 70,795,806.22 | 7,840,509.20 |
| Subtotal of cash outflows from financing activities | 71,298,423.57 | 20,327,769.95 |
| Net cash flows from financing activities | -69,620,223.57 | -20,327,769.95 |
| IV. Effect of exchange rate changes on cash and cash equivalents | 1,057,030.72 | -3,672,657.75 |
| V. Net increase in cash and cash equivalents | -58,904,092.39 | 49,073,776.48 |
| Plus: beginning balance of cash and cash equivalents | 1,317,020,553.02 | 1,077,608,258.10 |
| VI. Closing balance of cash and cash equivalents | 1,258,116,460.63 | 1,126,682,034.58 |
(II) Implementation of new accounting standards adjustment for the first time starting from2024. Relevant project information on financial statements at the beginning of the year
□ Applicable ?Not applicable
(III) Audit ReportWhether the 2024 1st Quarter Report has been audited
□ Yes ?No
The Company's Q1 Report has not been audited.
ZKTECO CO., LTD.Board of Directors
April 26, 2024