KonkaGroupCo.,Ltd.AnnualReport2021
KONKAGROUPCO.,LTD.
ANNUALREPORT2021
2022-22
March2022
KonkaGroupCo.,Ltd.AnnualReport2021
PartIImportantNotes,TableofContentsandDefinitions
TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofKonkaGroupCo.,Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.ZhouBin,theCompany’slegalrepresentative,LiChunlei,theCompany’sChiefFinancialOfficer(CFO),andGuoZhihua,theheadoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete.AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.Anyplansforthefutureorotherforward-lookingstatementsmentionedinthisReportanditssummaryshallNOTbeconsideredasabsolutepromisesoftheCompanytoinvestors.Therefore,investorsareremindedtoexercisecautionwhenmakinginvestmentdecisions.TheBoardhasapprovedafinaldividendplanasfollows:basedonthe2,407,945,408shares,acashdividendofRMB0.50(taxinclusive)per10sharesistobedistributedtotheshareholders,withnobonusissuefromeitherprofitorcapitalreserves.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
KonkaGroupCo.,Ltd.AnnualReport2021
TableofContents
PartIImportantNotes,TableofContentsandDefinitions ...... 2
PartIICorporateInformationandKeyFinancialInformation ...... 11
PartIIIManagementDiscussionandAnalysis ...... 17
PartIVCorporateGovernance ...... 49
PartVEnvironmentalandSocialResponsibility ...... 76
PartVISignificantEvents ...... 88
PartVIIShareChangesandShareholderInformation ...... 119
PartVIIIPreferredShares ...... 126
PartIXCorporateBonds ...... 127
PartXFinancialStatements ...... 134
KonkaGroupCo.,Ltd.AnnualReport2021
DocumentsAvailableforReference
1.ThefinancialstatementswiththesignaturesandsealsoftheCompany’slegalrepresentative,ChiefFinancialOfficerandheadofthefinancialdepartment;
2.TheoriginalcopyoftheIndependentAuditor’sReportwiththesealoftheCPAfirmandthesignatures&sealsofthecertifiedpublicaccountants;
3.TheoriginalsofalltheCompany’sdocumentsandannouncementsdisclosedtothepublicintheReportingPeriod;
4.ThisReportanditssummarywiththesignatureoftheCompany’slegalrepresentativeandthesealoftheCompany;and
5.Otherrelevantmaterials.
KonkaGroupCo.,Ltd.AnnualReport2021
Definitions
Term
Term | Definition |
The“Company”,the“Group”,“KonkaGroup”or“we” | KonkaGroupCo.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires |
ElectronicsTechnology | ShenzhenKonkaElectronicsTechnologyCo.,Ltd. |
AnhuiZhilian | AnhuiKonkaZhilianE-CommerceCo.,Ltd. |
HaimenKonka | HaimenKonkaSmartTechnologyCo.,Ltd. |
ChengduKonkaSmart | ChengduKonkaSmartTechnologyCo.,Ltd. |
ChengduKonkaElectronic | ChengduKonkaElectronicCo.,Ltd. |
NantongHongdin | NantongHongdinSmartTechnologyCo.,Ltd. |
Youzhihui | ShenzhenYouzhihuiTechnologyCo.,Ltd. |
XiaojiaTechnology | XiaojiaTechnologyCo.,Ltd. |
LiaoyangKangshunSmart | LiaoyangKangshunSmartTechnologyCo.,Ltd. |
LiaoyangKangshunRenewable | LiaoyangKangshunRenewableResourcesCo.,Ltd. |
NanjingKonka | NanjingKonkaElectronicsCo.,Ltd. |
ChuzhouKonka | ChuzhouKonkaPrecisionIntelligentManufacturingTechnologyCo.,Ltd. |
Xi'anHuasheng | Xi'anHuashengJiachengRealEstateCo.,Ltd. |
XingDaHongYe | GuangDongXingDaHongYeElectronicCo.,Ltd. |
ShanghaiXinfeng | ShanghaiXinfengZhuoqunPCBCo.,Ltd. |
KonkaCircuit | ShenzhenKonkaCircuitCo.,Ltd. |
KonkaFlexibleElectronic | SuiningKonkaFlexibleElectronicTechnologyCo.,Ltd. |
KonkaHongyeElectronics | SuiningKonkaHongyeElectronicsCo.,Ltd. |
BoluoPrecision | BoluoKonkaPrecisionTechnologyCo.,Ltd. |
BoluoKonka | BoluoKonkaPCBCo.,Ltd. |
XiamenDalong | XiamenDalongTradingCo.,Ltd. |
AnhuiTongchuang | AnhuiKonkaTongchuangElectricalAppliancesCo.,Ltd. |
JiangsuKonkaSmart | JiangsuKonkaSmartElectricalAppliancesCo.,Ltd. |
AnhuiElectricalAppliance | AnhuiKonkaElectricalApplianceTechnologyCo.,Ltd. |
FrestecRefrigeration | HenanFrestecRefrigerationApplianceCo.,Ltd. |
FrestecElectricalAppliances | HenanFrestecElectricalAppliancesCo.,Ltd. |
FrestecHouseholdAppliances | HenanFrestecHouseholdAppliancesCo.,Ltd. |
FrestecSmartHome | HenanFrestecSmartHomeTechnologyCo.,Ltd. |
KonkaInvestment | ShenzhenKonkaInvestmentHoldingsCo.,Ltd. |
KonkaGroupCo.,Ltd.AnnualReport2021
YibinKonkaTechnologyPark
YibinKonkaTechnologyPark | YibinKonkaTechnologyParkOperationCo.,Ltd. |
KonkaCapital | ShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd. |
IndustrialParkDevelopment | ShenzhenKonkaIndustrialParkDevelopmentCo.,Ltd. |
KonkaSuiyong | KonkaSuiyongInvestment(Shenzhen)Co.,Ltd. |
KangquanEnterprise | ShenzhenKangquanEnterpriseManagementConsultingCo.,Ltd. |
KonkaSuyuan | ShenzhenKonkaSuyuanInvestmentIndustrialCo.,Ltd. |
ShengxingIndustrial | ShenzhenKonkaShengxingIndustrialCo.,Ltd. |
ZhitongTechnology | ShenzhenKonkaZhitongTechnologyCo.,Ltd. |
KonkaFactoring | KonkaFactoring(Shenzhen)Co.,Ltd. |
BeijingKonkaElectronic | BeijingKonkaElectronicCo.,Ltd. |
KonkaLeasing | KonkaFinancialLeasing(Tianjin)Co.,Ltd. |
SuiningKonkaIndustrialPark | SuiningKonkaIndustrialParkDevelopmentCo.,Ltd. |
SuiningElectronicTechnologicalInnovation | SuiningKonkaElectronicTechnologicalInnovationCo.,Ltd. |
ShanghaiKonka | ShanghaiKonkaIndustrialCo.,Ltd. |
YantaiKangjin | YantaiKangjinTechnologyDevelopmentCo.,Ltd. |
MobileInterconnection | ShenzhenKonkaMobileInterconnectionTechnologyCo.,Ltd. |
SichuanKonka | SichuanKonkaSmartTerminalTechnologyCo.,Ltd |
YibinSmart | YibinKonkaSmartTechnologyCo.,Ltd. |
ShenzhenKONSEMI | ShenzhenKONSEMICo.,Ltd. |
ChongqingKonka | ChongqingKonkaTechnologyDevelopmentCo.,Ltd. |
HefeiKONSEMI | HefeiKONSEMIStorageTechnologyCo.,Ltd. |
YiheElectronic | HefeiYiheElectronicCo.,Ltd. |
ShenzhenKanghuijiaTechnology | ShenzhenKanghuijiaTechnologyCo.,Ltd. |
ChongqingHuiyingTechnology | ChongqingKonkaHuiyingTechnologyCo.,Ltd. |
KowinMemory(Shenzhen) | KowinMemoryTechnology(Shenzhen)Co.,Limited |
KowinMemory(HongKong) | KowinMemoryTechnology(HongKong)Co.,Limited |
KonkaXinyunSemiconductor | KonkaXinyunSemiconductorTechnology(Yancheng)Co.,Ltd. |
IndustrialandTradeTechnology | KonkaIndustrialandTradeTechnology(Shenzhen)Co.,Ltd. |
ShenzhenNianhua | ShenzhenNianhuaEnterpriseManagementCo.,Ltd. |
KonkaHuazhong | KonkaHuazhong(Hunan)TechnologyCo.,Ltd. |
Wankaida | ShenzhenWankaidaScienceandTechnologyCo.,Ltd. |
ShenzhenChuangzhiElectricalAppliances | ShenzhenKonkaChuangzhiElectricalAppliancesCo.,Ltd. |
SuiningJiarunProperty | SuiningJiarunPropertyCo.,Ltd. |
KonkaElectricalAppliances | ShenzhenKonkaElectricalAppliancesCo.,Ltd. |
E2info | ShenzhenE2infoNetworkTechnologyCo.,Ltd. |
KonkaGroupCo.,Ltd.AnnualReport2021
E2info(Hainan)
E2info(Hainan) | E2info(Hainan)NetworkTechnologyCo.,Ltd. |
AnhuiKonka | AnhuiKonkaElectronicCo.,Ltd. |
KangzhiTrade | AnhuiKangzhiTradeCo.,Ltd. |
TelecommunicationTechnology | ShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd. |
KonkaMobility | KonkaMobilityCo.,Limited |
DongguanKangjia | DongguanKangjiaNewMaterialsTechnologyCo.,Ltd.. |
DongguanKonka | DongguanKonkaElectronicCo.,Ltd. |
SuiningKonkaSmart | SuiningKonkaSmartTechnologyCo.,Ltd. |
ChongqingOptoelectronicTechnologyResearchInstitute | ChongqingKonkaOptoelectronicTechnologyResearchInstituteCo.,Ltd. |
YibinKangrun | YibinKangrunEnvironmentalTechnologyCo.,Ltd. |
YibinKangrunMedical | YibinKangrunMedicalWasteCentralizedTreatmentCo.,Ltd. |
YibinKangrunEnvironmentalProtection | YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. |
NingboKhrElectricAppliance | NingboKhrElectricApplianceCo.,Ltd. |
JiangxiKonka | JiangxiKonkaNewMaterialTechnologyCo.,Ltd. |
JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | JiangxiHighTransparentSubstrateMaterialTechnologyCo.,Ltd.(formerlyknownas“JiangxiGoldenPhoenixNano-GrystallizedGlassCo.,Ltd.”) |
JiangsuKonkaSpecialMaterial | JiangsuKonkaSpecialMaterialTechnologyCo.,Ltd. |
XinfengMicrocrystalline | JiangxiXinfengMicrocrystallineJadeCo.,Ltd. |
KonkaHuanjia | KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd. |
KonkaHuanjia(Henan) | KonkaHuanjia(Henan)EnvironmentalTechnologyCo.,Ltd. |
EconTechnology | ShandongEconTechnologyCo.,Ltd. |
EconEnvironmentalEngineering | EconEnvironmentalEngineeringCo.,Ltd. |
BeijingEcon | BeijingEconRunfengTechnologyCo.,Ltd. |
BinzhouEconZhongke | BinzhouEconZhongkeEnvironmentalTechnologyCo.,Ltd. |
DayiKangrunWater | DayiKangrunWaterCo.,Ltd. |
TingyuanEnvironmental | TingyuanEnvironmentalTechnology(Shanghai)Co.,Ltd. |
ShanghaiJiyi | ShanghaiJiyiEnvironmentalTechnologyCo.,Ltd. |
KangrunhongEnvironmental | KangrunhongEnvironmentalTechnology(Yantai)Co.,Ltd. |
DonggangKangrun | DonggangKangrunEnvironmentalManagementCo.,Ltd. |
GaopingKangrun | GaopingKangrunEnvironmentalProtection&WaterCo.,Ltd. |
Xi’anKangrun | Xi’anGaolingKangrunEnvironmentalEngineeringCo.,Ltd. |
ChangningKangrun | ChangningKangrunWaterCo.,Ltd. |
LushanKangrunEnvironmental | LushanKangrunEnvironmentalManagementCo.,Ltd. |
TongchuanKangrunHonghui | TongchuanKangrunHonghuiEnvironmentalManagementCo.,Ltd. |
KonkaGroupCo.,Ltd.AnnualReport2021
RushanEcon
RushanEcon | RushanEconWaterEnvironmentManagementCo.,Ltd. |
MengchengKangrun | MengchengKangrunAnjianWaterCo.,Ltd. |
ChongzhouKangrun | ChongzhouKangrunEnvironmentCo.,Ltd. |
SuiningPengxiKangrun | SuiningPengxiKangrunEnvironmentalManagementCo.,Ltd. |
FunanKangrunWater | FunanKangrunWaterCo.,Ltd. |
SubeiKangrunWater | SubeiMongolAutonomousCountyKangrunWaterCo.,Ltd. |
LinfenKangrun | LinfenKangrunJinzeWaterSupplyCo.,Ltd. |
WuhanRunyuanWastewater | WuhanRunyuanWastewaterTreatmentCo.,Ltd. |
BinzhouWeiyijie | BinzhouWeiyijieEnvironmentalTechnologyCo.,Ltd. |
BinzhouBeihaiJingmai | BinzhouBeihaiJingmaiIndustrialDevelopmentCo.,Ltd. |
Chunzhiran | YantaiChunzhiranEnvironmentalTechnologyCo.,Ltd. |
LairunHolding | LaizhouLairunHoldingCo.,Ltd. |
BinhaiWastewater | LaizhouBinhaiWastewaterTreatmentCo.,Ltd. |
LairunEnvironmentalProtection | LaizhouLairunEnvironmentalProtectionCo.,Ltd. |
LairunWastewater | LaizhouLairunWastewaterTreatmentCo.,Ltd. |
WeifangSihaiKangrun | WeifangSihaiKangrunInvestmentOperationCo.,Ltd. |
XixianKangrun | XixianKangrunXijianWaterEnvironmentDevelopmentCo.,Ltd. |
AnkangKangrun | AnkangKangrunXinhengWaterEnvironmentCo.,Ltd. |
BokangRenewable | BokangRenewableResources(Yantai)Co.,Ltd. |
KangrunchengEnvironmentalTechnology | KangrunchengEnvironmentalTechnology(Yantai)Co.,Ltd. |
ShaanxiKonkaIntelligent | ShaanxiKonkaIntelligentApplianceCo.,Ltd. |
PengrunTechnology | ShenzhenKonkaPengrunTechnology&IndustryCo.,Ltd. |
JiaxinTechnology | JiaxinTechnologyCo.,Ltd. |
KonkaRonghe | KonkaRongheIndustrialTechnology(Zhejiang)Co.,Ltd. |
ChongqingKangxingrui | ChongqingKangxingruiEnvironmentalTechnologyCo.,Ltd. |
ChongqingKangxingruiAutomobileRecycling | ChongqingKangxingruiScrapedAutomobileRecyclingCo.,Ltd. |
ChongqingKangleiOptoelectronic | ChongqingKangleiOptoelectronicTechnologyCo.,Ltd. |
HenanKangxinProperty | HenanKangxinPropertyCo.,Ltd. |
KonkaUnifortune | ShenzhenKonkaUnifortuneTechnologyCo.,Ltd. |
JialiInternational | JialiInternational(HongKong)Limited |
Kangjiatong | SichuanKangjiatongTechnologyCo.,Ltd. |
Kanghong(Yantai)Environmental | Kanghong(Yantai)EnvironmentalTechnologyCo.,Ltd. |
Jiangkang(Shanghai)Technology | Jiangkang(Shanghai)TechnologyCo.,Ltd. |
KonkaIntelligentManufacturing | ShenzhenKonkaIntelligentManufacturingTechnologyCo.,Ltd. |
KonkaGroupCo.,Ltd.AnnualReport2021
YantaiLaikang
YantaiLaikang | YantaiLaikangIndustrialDevelopmentCo.,Ltd. |
KonkaMaterial | HainanKonkaMaterialTechnologyCo.,Ltd. |
KonkaVentures | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. |
YibinKonkaIncubator | YibinKonkaIncubatorManagementCo.,Ltd. |
YantaiKonka | YantaiKonkaHealthcareEnterpriseServiceCo.,Ltd. |
ChengduAnren | ChengduAnrenKonkaCulturalandCreativeIncubatorManagementCo.,Ltd. |
KonkaEnterpriseService | GuiyangKonkaEnterpriseServiceCo.,Ltd. |
ChuanghuiSmart | NanjingChuanghuiSmartTechnologyCo.,Ltd. |
KonkaEco-Development | ShenzhenKonkaEco-DevelopmentInvestmentCo.,Ltd. |
ShenzhenKangxinProperty | ShenzhenKangxinPropertyCo.,Ltd. |
HenanKanghanProperty | HenanKanghanPropertyCo.,Ltd. |
KonkaEurope | Konka(Europe)Co.,Ltd. |
HongKongKonka | HongKongKonkaLimited |
KangxinSemiconductor | KangxinSemiconductor(Yantai)Co.,Ltd. |
HongdinTrading | HongdinInternationalTradingLimited |
KonkaNorthAmerica | KonkaNorthAmericaLLC |
KanghaoTechnology | KanghaoTechnologyCo.,Ltd. |
HongdinInvest | HongdinInvestDevelopmentLimited |
ChainKingdomMemoryTechnologies | ChainKingdomMemoryTechnologiesCo.,Limited |
ChainKingdomMemoryTechnologies(Shenzhen) | ChainKingdomMemoryTechnologies(Shenzhen)Co.,Limited |
HefeiChainKingdomMemoryTechnologies | HefeiChainKingdomMemoryTechnologiesCo.,Limited |
KKSmartech | KKSmartechLimited |
Hongjet | Hongjet(HongKong)CompanyLimited |
YantaiKangyun | YantaiKangyunIndustrialDevelopmentCo.,Ltd. |
YantaiKangyunProperty | YantaiKangyunPropertyDevelopmentCo.,Ltd. |
Xi'anFeihe | Xi'anFeiheRealEstateDevelopmentCo.,Ltd. |
ChongqingXinyuanSemiconductor | ChongqingXinyuanSemiconductorCo.,Ltd. |
JiangxiKonkaIndustrialPark | JiangxiKonkaIndustrialParkDevelopmentCo.Ltd. |
RuichangKangruiRealEstate | RuichangKangruiRealEstateCo.,Ltd. |
IndustrialdevelopmentinWuhan | KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. |
KangxiaojiaDigital | ShenzhenKangxiaojiaDigitalInformationTechnologyCo.,Ltd. |
KanghongDongsheng | ShenzhenKanghongDongshengInvestmentPartnership(LimitedPartnership) |
YijiakangSmartTerminal | ShenzhenYijiakangSmartTerminalTechnologyCo.,Ltd. |
ChongqingE2info | E2info(Chongqing)NetworkTechnologyCo.,Ltd. |
KonkaGroupCo.,Ltd.AnnualReport2021
LanrunEnvironmentalProtection
LanrunEnvironmentalProtection | LanrunEnvironmentProtectionTechnology(Yantai)Co.,Ltd. |
GuizhouKangkaiMaterialTechnology | GuizhouKangkaiMaterialTechnologyCo.,Ltd. |
GuizhouKonkaNewMaterialTechnology | GuizhouKonkaNewMaterialTechnologyCo.,Ltd. |
GuizhouKangguiEnergy | GuizhouKangguiEnergyCo.,Ltd. |
GuangdongXinwei | GuangdongXinweiSemiconductorCo.,Ltd. |
KangxinrunRenewableResources | ChongqingKangxingruiRenewableResourcesCo.,Ltd. |
GuizhouKangguiMaterialTechnology | GuizhouKangguiMaterialTechnologyCo.,Ltd. |
SichunChengrui | SichuanChengruiRealEstateCo.,Ltd. |
ChongqingJiarun | ChongqingJiarunRealEstateCo.,Ltd. |
NantongKanghai | NantongKanghaiTechnologyIndustryDevelopmentCo.,Ltd. |
ChongqingKangyiyun | ChongqingKangyiyunBusinessOperationManagementCo.,Ltd. |
CSRC | TheChinaSecuritiesRegulatoryCommission |
SZSE | TheShenzhenStockExchange |
CSRCShenzhen | TheShenzhenBureauoftheChinaSecuritiesRegulatoryCommission |
RMB,RMB’0,000,RMB’00,000,000 | ExpressedintheChinesecurrencyofRMB,expressedintensofthousandsofRMB,expressedinhundredsofmillionsofRMB |
KonkaGroupCo.,Ltd.AnnualReport2021
PartIICorporateInformationandKeyFinancialInformation
ICorporateInformation
Stockname
Stockname | KonkaGroup-A,KonkaGroup-B | Stockcode | 000016,200016 |
Changedstockname(ifany) | N/A | ||
Stockexchangeforstocklisting | ShenzhenStockExchange | ||
CompanynameinChinese | 康佳集团股份有限公司 | ||
Abbr. | 康佳集团 | ||
CompanynameinEnglish(ifany) | KONKAGROUPCO.,LTD | ||
Abbr.(ifany) | KONKAGROUP | ||
Legalrepresentative | ZhouBin | ||
Registeredaddress | 15-24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China | ||
Zipcode | 518057 | ||
Pastchangesofregisteredaddress | On1July2015,duetotherelocationoftheCompanyHeadquarters,theregisteredaddresshaschangedfromOCT,NanshanDistrict,Shenzhen,GuangdongProvince,Chinato15-24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China. | ||
Officeaddress | 15-24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China | ||
Zipcode | 518057 | ||
Companywebsite | www.konka.com | ||
Emailaddress | szkonka@konka.com |
IIContactInformation
BoardSecretary | SecuritiesRepresentative | |
Name | WuYongjun | MiaoLeiqiang |
Address | BoardSecretariat,24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China | BoardSecretariat,24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China |
Tel. | 0755-26609138 | 0755-26609138 |
Fax | 0755-26601139 | 0755-26601139 |
Emailaddress | szkonka@konka.com | szkonka@konka.com |
IIIMediaforInformationDisclosureandPlacewherethisReportIsLodged
Stockexchangewebsitewherethis | SecuritiesTimes,etc. |
KonkaGroupCo.,Ltd.AnnualReport2021
Reportisdisclosed
Reportisdisclosed | |
MediaandwebsitewherethisReportisdisclosed | http://www.cninfo.com.cn/new/index |
PlacewherethisReportislodged | BoardSecretariat,24/F,KonkaR&DCenter,28KejiSouthTwelfthRoad,ScienceandTechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince,China |
IVChangetoCompanyRegisteredInformation
Unifiedsocialcreditcode | 914403006188155783 |
ChangetoprincipalactivityoftheCompanysincegoingpublic(ifany) | Nochange |
Everychangeofcontrollingshareholdersinceincorporation(ifany) | Nochange |
VOtherInformationTheindependentauditfirmhiredbytheCompany:
Name | ShinewingCertifiedPublicAccountantsLLP |
Officeaddress | 9/F,BlockA,FuhuaMansion,No.8ChaoyangmenNorthStreet,DongchengDistrict,Beijing,China |
Accountantswritingsignatures | TangQimeiandLiuJianhua |
TheindependentsponsorhiredbytheCompanytoexerciseconstantsupervisionovertheCompanyintheReportingPeriod:
□Applicable√NotapplicableTheindependentfinancialadvisorhiredbytheCompanytoexerciseconstantsupervisionovertheCompanyintheReportingPeriod:
□Applicable√NotapplicableVIKeyFinancialInformationIndicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
2021 | 2020 | 2021-over-2020change(%) | 2019 | |
Operatingrevenue(RMB) | 49,106,513,669.58 | 50,351,836,554.87 | -2.47% | 55,119,125,478.72 |
Netprofitattributabletothelistedcompany’sshareholders(RMB) | 905,352,997.68 | 477,633,250.14 | 89.55% | 212,034,210.08 |
KonkaGroupCo.,Ltd.AnnualReport2021
Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses(RMB)
Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses(RMB) | -3,250,798,107.49 | -2,367,590,806.95 | -37.30% | -1,875,722,546.18 |
Netcashgeneratedfrom/usedinoperatingactivities(RMB) | 808,756,394.11 | 178,616,528.21 | 352.79% | -1,543,947,284.59 |
Basicearningspershare(RMB/share) | 0.3760 | 0.1984 | 89.52% | 0.0881 |
Dilutedearningspershare(RMB/share) | 0.3760 | 0.1984 | 89.52% | 0.0881 |
Weightedaveragereturnonequity(%) | 10.33% | 5.79% | 4.54% | 2.62% |
31December2021 | 31December2020 | Changeof31December2021over31December2020(%) | 31December2019 | |
Totalassets(RMB) | 39,874,520,771.26 | 49,876,267,493.61 | -20.05% | 42,586,955,452.27 |
Equityattributabletothelistedcompany’sshareholders(RMB) | 9,095,278,436.41 | 8,428,640,176.97 | 7.91% | 8,068,505,598.13 |
Indicatebytickmarkwhetherthelowerofthenetprofitattributabletothelistedcompany’sshareholdersbeforeandafterexceptionalgainsandlosseswasnegativeforthelastthreeaccountingyears,andthelatestindependentauditor’sreportindicatedthattherewasuncertaintyabouttheCompany’sabilitytocontinueasagoingconcern.
□Yes√NoIndicatebytickmarkwhetherthelowerofthenetprofitattributabletothelistedcompany’sshareholdersbeforeandafterexceptionalgainsandlosseswasnegative.
√Yes□No
Item | 2021 | 2020 | Note |
Operatingrevenue(RMB) | 49,106,513,669.58 | 50,351,836,554.87 | |
Deductionsfromoperatingrevenue(RMB) | 579,266,272.20 | 445,172,864.05 | Scrapsalesrevenue,utilitiesrevenue,leaserevenue,materialsalesrevenueandotherrevenueirrelevanttotheprincipaloperations |
Operatingrevenuenetof | 48,527,247,397.38 | 49,906,663,690.82 |
KonkaGroupCo.,Ltd.AnnualReport2021
deductions(RMB)
VIIAccountingDataDifferencesunderChina’sAccountingStandardsforBusinessEnterprises(CAS)andInternationalFinancialReportingStandards(IFRS)andForeignAccountingStandards
1.NetProfitandEquityunderCASandIFRS
□Applicable√NotapplicableNodifferencefortheReportingPeriod.
2.NetProfitandEquityunderCASandForeignAccountingStandards
□Applicable√NotapplicableNodifferencefortheReportingPeriod.VIIIKeyFinancialInformationbyQuarter
Unit:RMB
deductions(RMB)Q1
Q1 | Q2 | Q3 | Q4 | |
Operatingrevenue | 9,822,169,119.30 | 11,987,992,753.78 | 9,816,584,505.55 | 17,479,767,290.95 |
Netprofitattributabletothelistedcompany’sshareholders | 72,822,573.66 | 12,627,345.91 | -211,828,259.25 | 1,031,731,337.36 |
Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses | -389,266,066.84 | -320,858,571.01 | -343,893,316.75 | -2,196,780,152.89 |
Netcashgeneratedfrom/usedinoperatingactivities | -529,240,793.59 | -755,520,428.44 | -157,473,161.06 | 2,250,990,777.20 |
IndicatebytickmarkwhetheranyofthequarterlyfinancialdatainthetableaboveortheirsummationsdiffersmateriallyfromwhathavebeendisclosedintheCompany’squarterlyorinterimreports.
□Yes√NoIXExceptionalGainsandLosses
√Applicable□Notapplicable
Unit:RMB
Item | 2021 | 2020 | 2019 | Note |
Gainorlossondisposalofnon-current | 4,047,094,117.70 | 2,431,648,255.26 | 1,202,401,420.41 |
KonkaGroupCo.,Ltd.AnnualReport2021
assets(inclusiveofimpairmentallowancewrite-offs)
assets(inclusiveofimpairmentallowancewrite-offs) | ||||
Governmentsubsidieschargedtocurrentprofitorloss(exclusiveofgovernmentsubsidiesconsistentlygivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernmentalpoliciesorstandards) | 1,352,377,548.16 | 908,546,202.24 | 1,204,519,346.40 | |
Gainorlossonassetsentrustedtootherentitiesforinvestmentormanagement | 18,476,648.12 | 71,541,978.85 | ||
Gainorlossondebtrestructuring | 19,777.25 | 1,127,066.94 | 14,515,006.57 | |
Gainorlossonfair-valuechangesinheld-for-tradingfinancialassetsandliabilities&incomefromdisposalofheld-for-tradingfinancialassetsandliabilitiesandavailable-for-salefinancialassets(exclusiveoftheeffectiveportionofhedgesthatariseintheCompany’sordinarycourseofbusiness) | 67,789,442.65 | 96,316,772.78 | 49,472,415.17 | |
Gainorlossonloanentrustments | 80,625,356.41 | 64,616,181.90 | 1,992,676.20 | |
Non-operatingincomeandexpenseotherthantheabove | 48,615,769.37 | 54,271,037.60 | 121,189,478.51 | |
Othergainsandlossesthatmeetthedefinitionofexceptionalgain/loss | -1,907,936.23 | 1,081,111.64 | 145,586,810.18 | |
Less:Incometaxeffects | 1,190,629,946.56 | 544,211,364.67 | 545,067,993.60 | |
Non-controllinginterestseffects(netoftax) | 247,833,023.58 | 186,647,854.72 | 178,394,382.43 | |
Total | 4,156,151,105.17 | 2,845,224,057.09 | 2,087,756,756.26 | -- |
Particularsaboutothergainsandlossesthatmeetthedefinitionofexceptionalgain/loss:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
√Applicable□Notapplicable
Item | Amountinvolved(RMB) | Reason |
Tax | 12,585,857.26 | GovernmentsubsidiesgivenintheCompany’sordinarycourseofbusinessatfixed |
KonkaGroupCo.,Ltd.AnnualReport2021
rebatesonsoftware
rebatesonsoftware | quotasoramountsaspergovernment’suniformstandards |
KonkaGroupCo.,Ltd.AnnualReport2021
PartIIIManagementDiscussionandAnalysis
IIndustryOverviewfortheReportingPeriodAtpresent,thecorebusinessesoftheCompanyincludeconsumerelectronics,industrytrade,semiconductorsandenvironmentalprotection.Amongthem,fortheindustrytradebusiness,theCompanycarriesouttheprocurement,processinganddistributionofrelatedmaterialsaroundtheupstreamanddownstreamoftheconsumerelectronicsbusiness,thusitcanbecategorizedtotheconsumerelectronicsindustryorsemiconductorbusiness.Therefore,theindustriesinwhichtheCompanyoperatesduringtheReportingPeriodareconsumerelectronicsindustry,semiconductorindustryandenvironmentalprotectionindustry.Therelevantinformationisasfollows:
(I)ConsumerelectronicsindustryInthecolorTVindustry,withthegradualfadingofdemographicdividendsandrealestatedividends,since2016,thecompetitioninChina'scolorTVindustryhasshiftedfromtheincrementalmarkettothestockmarket.In2021,affectedbyfactorssuchasincreasinglyfiercemarketcompetition,sharpfluctuationsinrawmaterialprices,andsluggishdomesticconsumption,thegrossprofitlevelofthecolorTVindustrycontinuedtobediluted.AccordingtostatisticsfromAllViewCloud(AVCforshort),theretailsalesvolumeinChina'scolorTVmarketin2021was
38.35millionunits,decliningby13.8%YoY,andtheretailsalesvaluewasRMB128.9billion,increasingby6.6%YoY.Inthefuture,astechnologiessuchasInternetofThings(IoT),bigdata,cloudcomputing,artificialintelligence,etc.promotetheupgradeoftheintelligentializationofvariouselectronicproducts,aswellastheiterativeupdateoffuturedisplaytechnologiessuchasMicroLED,thescaleofthecolorTVindustryisexpectedtogrow.Onthesideofthewhitegoodsindustry,atpresent,theinventoryofwhitegoodsinurbanhouseholdsinChinaisbasicallysaturated.Traditionalwhitegoodssuchasairconditioners,refrigerators,washingmachines,freezers,etc.havegraduallystartedtransformingfromlow-endproductstomid-to-high-endproducts.Thewhitegoodsindustryshoweddistincttrendofconsumptionupgrade.Intermsoftheair-conditioningindustry,statisticsfromAVCshowedthattheretailsalesvolumeofChina'sair-conditioningmarketwas46.89millionunitsin2021,decreasingby8.7%YoY,andtheretailsalesvaluewasRMB152.7billion,decreasingby1.2%YoY.Astheneedforreplacementattheconsumersiderecovers,theair-conditioningindustryisexpectedtomaintainasteadygrowthtrendinthefuture.Intherefrigeratorindustry,statisticsfromAVCshowedthattheretailsalesvolumeinChina'srefrigeratormarketin2021was31.88millionunits,decreasingby2.1%YoY,andtheretailsalesvaluewasRMB97.1billion,increasingby7.9%YoY.Aspeoplearepayingmoreattentiontohealth,foodpreservationandpromotingthetrendofupgradingtheirqualityoflife,thefuturerefrigeratormarketwillbemainlycharacterizedbysteady
KonkaGroupCo.,Ltd.AnnualReport2021
developmentandproductupgrades.Inrespectofthewashingmachineindustry,statisticsfromAVCshowedthattheretailsalesvolumeinChina'swashingmachinemarketin2021was37.18millionunits,increasingby0.8%YoY,andtheretailsalesvaluewasRMB76.6billion,increasingby7.3%YoY.Offlinechannelsofthewashingmachinemarket,whichwasgreatlyaffectedbythepandemic,havebeenrecoveringgradually,andtheoverallmarketuncertaintyisdecreasing.(II)SemiconductorindustryThesemiconductorindustryisastrategic,fundamentalandleadingindustrythatsupportseconomicandsocialdevelopmentandsafeguardsnationalsecurity.Drivenbythedevelopmentof5G,artificialintelligence,theIoT,andintelligentialization,thesemiconductorindustryisexpectedtousherinanewwaveofgrowthcycles.Amongthem,semiconductorstorageisthelargestsubdivisioninthesemiconductorindustryinrecentyears.Atpresent,SouthKoreancompaniesrepresentedbySamsungandHynixareintheleadingpositioninthefieldofsemiconductorstorage.Chinahasalsoacceleratedinboostingtheproductioncapacityofsemiconductorstorageinrecentyears.Itisexpectedthattheself-sufficiencyratewillcontinuetoincrease.MicroLEDistheprevailingtrendanddevelopmentdirectionoffuturedisplaytechnology.Theindustrialchainisdividedintofourmainlinks:theupstreamchipmanufacturing,masstransfer,themidstreampanelmanufacturing,andthedownstreamcompletemachineapplication.TheMicroLEDhaswideindustrialapplicationandabroadmarket.(III)EnvironmentalprotectionindustryWiththeintroductionofaseriesoffavorablepoliciestoencouragetherecyclingandutilizationofrenewableresourcesandthecontinuousstrengtheningofenvironmentalprotectioninspections,thetotalamountandthetotalvalueofrecycledresourcesinChinahaveshownrapidgrowth.Itisexpectedthattheindustrywillcontinuetodeveloptoagoodprospectinthefuture,andthedevelopmentscaleoftherenewableresourcerecyclingindustrywillcontinuetogrowsteadily.IIPrincipalActivityoftheCompanyintheReportingPeriod(I)TheConsumerElectronicDivisionThisdivisionprimarilycomprisesthemultimediasub-divisionandthewhitegoodssub-division,withdetailsasfollows:
1.TheMultimediaSub-DivisionThecompany'smultimediabusinessfacestheglobalmarket,mainlyincludingdomesticcolorTVbusinessandexportcolorTVbusiness.ThedomesticsalesoftheCompany’scolourTVsarerealizedmainlythroughB2B(Business-to-Business)andB2C(Business-to-Consumer),withitsbranchcompanies,businessdepartmentsandafter-salesmaintenancepointsoperatingacrossthecountry.AndtheCompanyprofitsfromthemarginsbetweenthecostsandthesellingpricesofitscolourTVs.
KonkaGroupCo.,Ltd.AnnualReport2021
AsforsellingitscolourTVsabroad,theCompanymainlyreliesonB2B.ItscolourTVsaresoldtoAsiaPacific,MiddleEast,Central&SouthAmerica,EastEurope,etc.AndoperatingprofitsourceisalsothedifferencesbetweenthecostsandthesellingpricesofitscolourTVs.
2.TheWhiteGoodsSub-DivisionThewhitegoodsproducedbytheCompanymainlyincluderefrigerators,washingmachines,airconditioners,freezers,etc.,whicharesoldthroughB2BandB2Cmainlytothedomesticmarket.AndtheCompanyprofitsfromthemarginsbetweenthecostsandthesellingpricesofitswhitegoods.TheCompanystrengthenedthefoundationofourwhitegoodsbrandsthroughtheacquisitionoftheFrestecbrand.Meanwhile,theestablishmentoftheNingboA/CproductionbaseasajointventurehashelpedtheCompanybuilditsownA/Cmanufacturingcapability.Theweaknessinthefront-loadingwashingmachinetechnologyhasbeenovercomebytheacquisitionofBeko(Front-loadingWashingMachine)ChinaFactory.Inaddition,theCompanywentonanewpathofexploringthedishwasherworldbysettingupXi’anSmartAppliancesPark.TheCompanyalsooptimizedtheinternalR&D,production,procurement,sales,andservicesprocesses,integratedtheexternalchannelresourcestoenablechannelsharingbetweentheupstreamprocurementprocessesanddownstreamsalesprocesses,andimprovedtheproductsalesstructureandcompetitivenessofthewhitegoodsbusiness.(II)TheIndustryTradeBusinessThecompany'sindustryandtradebusinessmainlyfocusesontheprocurement,processinganddistributionofICchipstorage,LCDandothermaterialsinvolvedinthecompany'straditionalmainbusiness.Theoperatingprofitcomesfromtheprocessingfeeandthepricedifferencebetweenupstreamprocurementanddownstreamsales.TheindustrytradebusinesscanhelptheCompanyestablishgoodrelationshipswithitsupstreamsuppliersanddownstreamcustomers,andkeepitinformedofpricesofthematerialsusedinitsproductionforbettercostcontroloveritsexistingproducts.Additionally,itisabletofacilitatethedevelopmentofthesemiconductorbusinessbyhelpingaccumulatecustomerresourcesforthesemiconductorandchipbusiness,providesaleschannels,andachieveaccuratematchingofmarketdemand,withashortenedproductdevelopmentperiodandalowerriskofmismatchingofR&Dandmarketdemand.(III)TheEnvironmentalProtectionDivisionCurrently,thisbusinessfocusesonrecyclingofrenewableresourcesandthenewmaterialofglassceramic.Renewableresourcesarecollected,sorted,processed,distributedandsold.(IV)TheSemi-ConductorDivisionCurrently,theCompanyisengagedinstorage,optoelectronics,etc.withrespecttothesemi-conductorbusiness.Instorage,theCompanyprimarilydesignsandmarketsmasterstoragechips,andengageinpackagingandtestingofstorageproducts.Inoptoelectronics,theCompany
KonkaGroupCo.,Ltd.AnnualReport2021
primarilydevelopsMicroLED-relatedproducts.IIICoreCompetitivenessAnalysisTheCompany’scorecompetitivenessliesinitsR&Dability,brand,marketingnetworkandhumanresources.IthasdevelopedanR&Dsystemof“KonkaResearchInstitute-secondaryGroup/divisionresearchcenters-technologyapplicationcenters”,establishedartificialintelligenceinternetofthingscomprehensivelaboratoryand5GUltraHDlaboratorywithmajoruniversitiesorscientificresearchinstitutions,establishedacademicianworkstation,andbuiltatechnologyresearchalliancematchingtheindustriallayout,withnearly100coretechnologiesandabout1,500R&Dtalents.TheCompanyhasintroducedaround100expertsontwoprojectsofmicroLEDandmemorymasterchip.Intermsofbrand,theCompanycontinuestopromotebrandstrategyconstruction,systemconstruction,imageconstructionandculturalconstruction,focusesonimprovingthescientificandinternationalimageoftheenterprise,strengthensthebrandstatus,hasacertainbrandawarenessandreputationintheconsumergroup,andhasgoodbrandcreditinbanksandotherfinancingchannels.Intermsofmarketingchannels,theCompanyinnovateschannelreform,cooperatesonlineandofflineforwin-winresults,andstrivesfordevelopmentathomeandabroad.Regardingofflinechannels,theCompanyhasmorethan40branches,morethan200offices,morethan3,000after-salesservicestoresacrossChina,andthemarketingandservicenetworkisalloverthecountry;asforonlinechannels,theCompanyhassettledinTmall,JD,Suning,VIPshopandothermainstreame-commerceplatformstoinnovateanddeveloplivee-commercebusiness,andseekanewgrowthpoleforbusinessdevelopment;overseaschannel,thecompanyTheCompany'sbusinesscoversLatinAmerica,Europe,AsiaPacificandothercountriesandregions,withasoundmarketingnetwork.Intermsofhumanresources,theCompanyboastsaleadershipteamofmanyyearsofmanagementandindustryexperience,aswellasahighqualityexecutionteam.IVCoreBusinessAnalysis
1.OverviewIn2021,theCompanyadheredtothedevelopmentstrategyof“Technology+Business+IndustrialParks”,closelycenteredonthemainlineof“SemiconductorTechnology+NewConsumerElectronics+NewEnergy”,continuouslyacceleratedthetransformationandupgradingoftraditionalbusinessandthelayoutofstrategicemergingbusinesses,andsteadilypromotedtheCompany'stransformationfrom"KonkaElectronic"to"KonkaTechnology".For2021,theCompanyrecordedoperatingrevenueofRMB49.107billion.NetprofitattributabletotheCompanyastheparentstoodatRMB905million,representingayear-on-yearriseof89.55%.WhattheCompanyhasaccomplishedin2021issummarizedasfollows:
KonkaGroupCo.,Ltd.AnnualReport2021
(1)MaintainedstrategicstrengthandreshapedthebusinessstructureIn2021,theCompanyfirmlyimplementedthedevelopmentstrategyof“Technology+Business+IndustrialParks”andcloselycenteredonthethreeleadingbusinessesof“SemiconductorTechnology+NewConsumerElectronics+NewEnergy”andthetwosupportingbusinessesof"high-techparks+investment",pointingoutthedirectionfortheCompanytoachieveleadingtechnology,industrialexpansionandleapfrogdevelopmentduringthe14thFive-YearPlan.
(2)MadebreakthroughininvestmentbusinessIn2021,ChutianDragonCo.,Ltd.andWuhanTianyuanEnvironmentalProtectionCo.,Ltd.,inwhichtheCompanyhasashareholding,weresuccessfullylistedontheShenzhenStockExchange.Also,theCompanycompletedthestrategicinvestorintroductionofyikangTechnologyCo.,Ltd..andShenzhenE2infoNetworkTechnologyCo.,Ltd.,layingthefoundationforitssubsequentcapitalizationoperation.Inaddition,theCompany,togetherwithitspartners,hasinitiatedtheestablishmentofanumberofindustrialfunds,inabidtoestablishasynergisticenablingindustrialfundsystemfortheCompany'sindustrialimplementationandachievebetterinvestmentreturns.
(3)Steadilyimprovedoperationsinconsumerelectronicssub-divisionIn2021,theCompanyintensifiedeffortstostrengthentechnologicalinnovationandintelligentmanufacturingcapabilitiesofmultimediaproducts,activelycontrolledfeestoreducecostsandincreaseefficiency,lengthenedtheindustrialchain,andexpandedproductgroups.Intermsofwhitegoodssub-division,theCompanyintroducedtheKonkaKitchenApplianceProjectinShaanxi,forminganewindustrialpatternof"Konka+Frestec"dual-brandoperationand"refrigerators+washingmachines+freezers+airconditioners+kitchenappliance"full-categorylayout.
(4)ThetechnologyparkbusinessgrewsteadilyIn2021,theCompany,throughdiversifiedbusinessformssuchasindustrialparks,headquarterseconomy,andK-CareTowns,pooledpartnersupstreamanddownstreamoftheindustrialchainwithanopenandcooperativeattitude,strengthenedcoordinationwithinternalandexternalunits,andestablishedaparkprojectinvestmentexpansionmode,developmentandconstructionsystemandinvestmentpromotionoperationpathwithKonkacharacteristics.Amidmacro-control,theCompanyactivelyrespondedtothechallenges,overcamevariousdifficulties,anddevelopedandlaunchedprojectssuchasChangshaCentralChinaHeadquartersProject,Xi'anKonkaSmartHomeAppliancesHeadquartersProject,XinfeixiLandPlotUpgradingProject,YantaiGuxianProject,andChongqingBishanProject,soastofurtherpromotethesustainabledevelopmentofthetechnologyparksub-division.
(5)Realizedtechnicalbreakthroughsinsemiconductorsub-divisionIn2021,theCompanyhascontinuouslyincreasedinvestmentinresearchanddevelopmentofthesemiconductorsub-division,madebreakthroughsinchipminiaturization,masstransferandothertechnologylinks,independentlydesignedandproduced15*30micronlevelMicroLEDdisplay
KonkaGroupCo.,Ltd.AnnualReport2021
chips,anddeveloped"hybridmasstransfertechnology"withatransferyieldreaching99.9%,providingasolidfoundationforfurtherexpansionofthewearabledisplay,vehicledisplay,immersivedisplayandotherapplicationmarketsforindustryentryandrapiddevelopment.In2021,YanchengSemiconductorAssembly&TestBasewassuccessfullycompletedandputintoproduction.
(6)Transformedenvironmentalprotectionsub-divisionintonewenergyfieldIn2021,theCompanyactivelytransformeditsenvironmentalprotectionsub-divisionintothephotovoltaicfield,andextendedtosiliconmaterials,siliconwafersandrelatedphotovoltaicmodulesupstreamofthephotovoltaicglassindustrychainrelyingonthephotovoltaicglassproductionlineofJiangxiKonkaNewMaterialTechnologyCo.,Ltd.,toexplorenewbusiness.
(7)OptimizedPCBbusinessstructureandachievedsignificantimprovementinoperatingconditionIn2021,theCompanyadoptedarangeofoperatingmeasuressuchascostreductionandfeecontrol,revenuegenerationandprofitincreaseinPCBsub-division.Asaresult,theproductstructurewasgreatlyoptimized,thesalesofmulti-layercircuitboardsaccountedforover40%,andtheoperatingconditionimprovedmarkedly.
2.RevenueandCostAnalysis
(1)BreakdownofOperatingRevenue
Unit:RMB
2021
2021 | 2020 | Change(%) | |||
Operatingrevenue | As%oftotaloperatingrevenue(%) | Operatingrevenue | As%oftotaloperatingrevenue(%) | ||
Total | 49,106,513,669.58 | 100% | 50,351,836,554.87 | 100% | -2.47% |
Byoperatingdivision | |||||
Electronics | 13,873,074,181.46 | 28.25% | 14,279,587,069.66 | 28.36% | -2.85% |
Industrytrade | 29,682,677,483.94 | 60.45% | 30,483,602,365.87 | 60.54% | -2.63% |
Environmentalbusiness | 4,354,614,711.52 | 8.87% | 4,823,779,902.39 | 9.58% | -9.73% |
Semiconductor | 321,958,525.17 | 0.66% | 282,969,230.63 | 0.56% | 13.78% |
Other | 874,188,767.49 | 1.78% | 481,897,986.32 | 0.96% | 81.41% |
Byproductcategory | |||||
ColorTVs | 7,300,340,878.11 | 14.87% | 7,519,625,331.33 | 14.93% | -2.92% |
Whitegoods | 3,699,285,362.91 | 7.53% | 3,842,051,456.02 | 7.63% | -3.72% |
Industrytrade | 29,682,677,483.94 | 60.45% | 30,483,602,365.87 | 60.54% | -2.63% |
Environmental | 4,354,614,711.52 | 8.87% | 4,823,779,902.39 | 9.58% | -9.73% |
KonkaGroupCo.,Ltd.AnnualReport2021
business
business | |||||
Semiconductor | 321,958,525.17 | 0.66% | 282,969,230.63 | 0.56% | 13.78% |
Other | 3,747,636,707.93 | 7.63% | 3,399,808,268.63 | 6.75% | 10.23% |
Byoperatingsegment | |||||
Domestic | 22,033,965,598.67 | 44.87% | 19,911,879,269.36 | 39.55% | 10.66% |
Overseas | 27,072,548,070.91 | 55.13% | 30,439,957,285.51 | 60.45% | -11.06% |
Bymarketingmodel | |||||
Directsales | 8,947,974,287.40 | 18.22% | 8,142,993,900.81 | 16.17% | 9.89% |
Distribution | 40,158,539,382.18 | 81.78% | 42,208,842,654.06 | 83.83% | -4.86% |
(2)OperatingDivision,ProductCategory,OperatingSegmentorMarketingModelContributingover10%ofOperatingRevenueorOperatingProfit
√Applicable□Notapplicable
Unit:RMB
Operatingrevenue | Costofsales | Grossprofitmargin | YoYchangeinoperatingrevenue(%) | YoYchangeincostofsales(%) | YoYchangeingrossprofitmargin(%) | |
Byoperatingdivision | ||||||
Electronics | 13,873,074,181.46 | 12,838,911,837.79 | 7.45% | -2.85% | 0.55% | -3.13% |
Industrytrade | 29,682,677,483.94 | 29,514,534,704.12 | 0.57% | -2.63% | -2.22% | -0.42% |
Environmentalbusiness | 4,354,614,711.52 | 4,030,685,013.80 | 7.44% | -9.73% | -1.62% | -7.62% |
Byproductcategory | ||||||
ColorTVs | 7,300,340,878.11 | 6,922,606,555.81 | 5.17% | -2.92% | -0.04% | -2.72% |
Whitegoods | 3,699,285,362.91 | 3,395,382,780.50 | 8.22% | -3.72% | 2.36% | -5.45% |
Environmentalbusiness | 4,354,614,711.52 | 4,030,685,013.80 | 7.44% | -9.73% | -1.62% | -7.62% |
Industrytrade | 29,682,677,483.94 | 29,514,534,704.12 | 0.57% | -2.63% | -2.22% | -0.42% |
Byoperatingsegment | ||||||
Domestic | 22,033,965,598.67 | 20,644,926,945.76 | 6.30% | 10.66% | 17.71% | -5.62% |
Overseas | 27,072,548,070.91 | 26,756,958,035.77 | 1.17% | -11.06% | -10.98% | -0.09% |
Bymarketingmodel | ||||||
Directsales | 8,947,974,287.40 | 8,128,674,428.08 | 9.16% | 9.89% | 12.44% | -2.06% |
KonkaGroupCo.,Ltd.AnnualReport2021
CorebusinessdataoftheprioryearrestatedaccordingtothechangedstatisticalcaliberfortheReportingPeriod:
□Applicable√Notapplicable
(3)WhetherRevenuefromPhysicalSalesIsHigherthanServiceRevenue
√Yes□No
Operatingdivision
Operatingdivision | Item | Unit | 2021 | 2020 | Change(%) |
Electronics | Unitsales | 0,000units | 1,247 | 1,269 | -1.73% |
Output | 0,000units | 1,184 | 1,244 | -4.82% | |
Inventory | 0,000units | 79 | 89 | -11.24% |
Anyover30%YoYmovementsinthedataaboveandwhy:
□Applicable√Notapplicable
(4)ExecutionProgressofMajorSignedSalesandPurchaseContractsintheReportingPeriod
□Applicable√Notapplicable
(5)BreakdownofCostofSalesByproductcategory
Unit:RMB
Productcategory | Item | 2021 | 2020 | Change(%) | ||
Costofsales | As%oftotalcostofsales(%) | Costofsales | As%oftotalcostofsales(%) | |||
ColorTVs | ColorTVs | 6,922,606,555.81 | 14.60% | 6,925,658,808.00 | 14.55% | -0.04% |
Whitegoods | Whitegoods | 3,395,382,780.50 | 7.16% | 3,317,107,750.97 | 6.97% | 2.36% |
Industrytrade | Industrytrade | 29,514,534,704.12 | 62.26% | 30,183,532,940.90 | 63.42% | -2.22% |
Environmentalbusiness | Environmentalbusiness | 4,030,685,013.80 | 8.50% | 4,097,138,754.02 | 8.61% | -1.62% |
Semiconductor | Semiconductor | 306,296,431.81 | 0.65% | 275,286,437.09 | 0.58% | 11.26% |
Other | Other | 3,232,379,495.49 | 6.82% | 2,796,339,659.00 | 5.87% | 15.59% |
Note:
Costofsaleschangedaccordinglywithoperatingrevenue.
(6)ChangesintheScopeofConsolidatedFinancialStatementsfortheReportingPeriod
√Yes□No
Nameofsubsidiary | Registeredcapital(RMB) | TheCompany’sinterest(%) | Dateofchange | Reasonforchange |
ChongqingKangleiOptoelectronicTechnologyCo.,Ltd. | 50,000,000.00 | 51.00% | 2021-4-7 | De-registered |
HenanKangxinRealEstateCo.,Ltd. | 50,000,000.00 | 51.00% | 2021-5-18 | De-registered |
Distribution
Distribution | 40,158,539,382.18 | 39,273,210,553.45 | 2.20% | -4.86% | -2.71% | -2.16% |
KonkaGroupCo.,Ltd.AnnualReport2021
ShenzhenKangquanEnterpriseManagementConsultingCo.,Ltd.
ShenzhenKangquanEnterpriseManagementConsultingCo.,Ltd. | 10,000,000.00 | 51.00% | 2021-10-25 | De-registered |
ShenzhenKonkaSuyuanInvestmentIndustrialLimitedCompany | 10,000,000.00 | 51.00% | 2021-10-27 | De-registered |
ShenzhenKonkaIndustrialParkDevelopmentCo.,Ltd. | 100,000,000.00 | 51.00% | 2021-10-28 | De-registered |
XiamenDalongTradeCo.,Ltd. | 2,600,000.00 | 69.23% | 2021-11-10 | De-registered |
NanjingChuanghuiSmartTechnologyCo.,Ltd. | 1,000,000.00 | 40.80% | 2021-11-18 | De-registered |
HefeiChainKingdomMemoryTechnologiesCo.,Limited. | 5,000,000.00 | 51.00% | 2021-11-19 | De-registered |
KangxinSemiconductor(Yantai)Co.,Ltd. | 70,000,000.00 | 100.00% | 2021-8-4 | De-registered |
KonkaKowinMemoryTechnology(HongKong)Co.,Limited. | 10,000,000.00(HKD) | 100.00% | 2021-2-2 | Newlyincorporated |
KankaIndustrialandTradeTechnology. | 50,000,000.00 | 100.00% | 2021-2-7 | Newlyincorporated |
ShaanxiKonkaIntelligentApplianceCo.,Ltd. | 120,000,000.00 | 51.00% | 2021-3-5 | Newlyincorporated |
KangrunchengEnvironmentalTechnology(Yantai)Co.,Ltd. | 10,000,000.00 | 26.01% | 2021-3-8 | Newlyincorporated |
YibinKangrunMedicalWasteCentralizedTreatmentCo.,Ltd. | 50,000,000.00 | 72.73% | 2021-3-26 | Newlyincorporated |
SuiningKonkaFlexibleElectronicTechnologyCo.,Ltd. | 100,000,000.00 | 95.00% | 2021-3-31 | Newlyincorporated |
YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. | 76,000,000.00 | 54.39% | 2021-4-21 | Newlyincorporated |
NantongHongdinSmartTechnologyCo.,Ltd. | 30,000,000.00 | 100.00% | 2021-4-22 | Newlyincorporated |
SuiningKonkaHongyeElectronicsCo.,Ltd. | 100,000,000.00 | 90.10% | 2021-5-7 | Newlyincorporated |
KonkaHuazhong(Hunan)TechnologyCo.,Ltd. | 30,000,000.00 | 100.00% | 2021-6-9 | Newlyincorporated |
KangxinSemiconductor(Yantai)Co.,Ltd. | 70,000,000.00 | 100.00% | 2021-6-11 | Newlyincorporated |
ChuzhouKonkaPrecisionIntelligentManufacturingTechnologyCo.,Ltd. | 100,000,000.00 | 94.90% | 2021-6-28 | Newlyincorporated |
ChongqingXinyuanSemiconductorCo.,Ltd. | 50,000,000.00 | 75.00% | 2021-9-8 | Newlyincorporated |
JiangxiKonkaIndustrialParkDevelopmentCo.Ltd. | 100,000,000.00 | 70.00% | 2021-9-14 | Newlyincorporated |
RuichangKangruiRealEstateCo.,Ltd. | 10,000,000.00 | 70.00% | 2021-9-14 | Newlyincorporated |
KonkaIndustrialDevelopment(Wuhan)Co., | 10,000,000.00 | 51.00% | 2021-10-15 | Newlyincorporated |
KonkaGroupCo.,Ltd.AnnualReport2021
Ltd.
Ltd. | ||||
GuizhouKonkaNewMaterialTechnologyCo.,Ltd. | 100,000,000.00 | 51.00% | 2021-10-19 | Newlyincorporated |
GuizhouKangguiMaterialTechnologyCo.,Ltd. | 100,000,000.00 | 70.00% | 2021-10-25 | Newlyincorporated |
ChongqingJiarunRealEstateCo.,Ltd. | 20,000,000.00 | 80.00% | 2021-12-21 | Newlyincorporated |
NantongKanghaiTechnologyIndustryDevelopmentCo.,Ltd. | 50,000,000.00 | 51.00% | 2021-12-21 | Newlyincorporated |
GuangdongXinweiSemiconductorCo.,Ltd. | 20,000,000.00 | 100.00% | 2021-12-29 | Newlyincorporated |
ChongqingKangyiyunBusinessOperationManagementCo.,Ltd. | 10,000,000.00 | 80.00% | 2021-12-29 | Newlyincorporated |
ShenzhenYijiakangSmartTerminalTechnologyCo.,Ltd. | 20,000,000.00 | 100.00% | 2021-12-30 | Newlyincorporated |
ShenzhenKangxiaojiaDigitalInformationTechnologyCo.,Ltd. | 20,000,000.00 | 100.00% | 2021-12-30 | Newlyincorporated |
GuizhouKangkaiMaterialTechnologyCo.,Ltd. | 10,000,000.00 | 51.00% | 2021-12-30 | Newlyincorporated |
ChongqingKangxingruiRenewableResourcesCo.,Ltd. | 60,000,000.00 | 51.00% | 2021-12-30 | Newlyincorporated |
GuizhouKangguiEnergyCo.,Ltd. | 100,000,000.00 | 100.00% | 2021-12-31 | Newlyincorporated |
Xi'anFeiheRealEstateDevelopmentCo.,Ltd. | 1,000,000.00 | 100.00% | 2021-9-8 | Acquired |
Xi'anHuashengJiachengRealEstateCo.,Ltd. | 100,000,000.00 | 100.00% | 2021-10-12 | Acquired |
SichuanChengruiRealEstateCo.,Ltd. | 25,000,000.00 | 80.00% | 2021-11-30 | Acquired |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 30,000,000.00 | 34.00% | 2021-3-31 | Losingcontrolpower |
YantaiKangyunRealEstateDevelopmentCo.,Ltd. | 30,000,000.00 | 34.00% | 2021-3-31 | Losingcontrolpower |
ShenzhenKangxinRealEstateCo.,Ltd. | 50,000,000.00 | 0.00% | 2021-6-17 | Losingcontrolpower |
HenanKanghanRealEstateCo.,Ltd. | 50,000,000.00 | 0.00% | 2021-6-17 | Losingcontrolpower |
ShandongEconTechnologyCo.,Ltd. | 257,984,962.00 | 24.98% | 2021-11-25 | Losingcontrolpower |
DonggangKangrunEnvironmentalManagementCo.,Ltd. | 100,000,000.00 | 19.48% | 2021-11-25 | Losingcontrolpower |
SubeiMongolAutonomousCountyKangrunWaterCo.,Ltd. | 100,000,000.00 | 19.48% | 2021-11-25 | Losingcontrolpower |
Kanghong(Yantai)EnvironmentalTechnologyCo.,Ltd. | 5,680,000.00 | 24.98% | 2021-11-25 | Losingcontrolpower |
KonkaGroupCo.,Ltd.AnnualReport2021
WeifangSihaiKangrunInvestmentOperationCo.,Ltd.
WeifangSihaiKangrunInvestmentOperationCo.,Ltd. | 171,000,000.00 | 13.69% | 2021-11-25 | Losingcontrolpower |
DayiKangrunWaterCo.,Ltd. | 50,000,000.00 | 24.98% | 2021-11-25 | Losingcontrolpower |
SuiningPengxiKangrunEnvironmentalManagementCo.,Ltd. | 19,272,100.00 | 19.96% | 2021-11-25 | Losingcontrolpower |
LaizhouLairunWastewaterTreatmentCo.,Ltd. | 56,361,600.00 | 8.99% | 2021-11-25 | Losingcontrolpower |
FunanKangrunWaterCo.,Ltd. | 122,500,000.00 | 19.86% | 2021-11-25 | Losingcontrolpower |
LushanKangrunEnvironmentalManagementCo.,Ltd. | 100,000,000.00 | 22.26% | 2021-11-25 | Losingcontrolpower |
TongchuanKangrunHonghuiEnvironmentalManagementCo.,Ltd. | 76,000,000.00 | 22.23% | 2021-11-25 | Losingcontrolpower |
WuhanRunyuanWastewaterTreatmentCo.,Ltd. | 142,800,000.00 | 17.49% | 2021-11-25 | Losingcontrolpower |
TingyuanEnvironmentalTechnology(Shanghai)Co.,Ltd. | 50,000,000.00 | 24.98% | 2021-11-25 | Losingcontrolpower |
XixianKangrunXijianWaterEnvironmentDevelopmentCo.,Ltd. | 163,780,500.00 | 12.74% | 2021-11-25 | Losingcontrolpower |
GaopingKangrunEnvironmentalProtection&WaterCo.,Ltd. | 100,000,000.00 | 23.73% | 2021-11-25 | Losingcontrolpower |
MengchengKangrunAnjianWaterCo.,Ltd. | 100,000,000.00 | 21.23% | 2021-11-25 | Losingcontrolpower |
ChongzhouKangrunEnvironmentCo.,Ltd. | 50,000,000.00 | 20.90% | 2021-11-25 | Losingcontrolpower |
Xi'anCityGaolingDistrictKangrunEnvironmentalEngineeringCo.,Ltd. | 73,710,000.00 | 23.73% | 2021-11-25 | Losingcontrolpower |
AnkangKangrunXinhengWaterEnvironmentCo.,Ltd. | 100,000,000.00 | 12.74% | 2021-11-25 | Losingcontrolpower |
ChangningKangrunWaterCo.,Ltd. | 50,000,000.00 | 22.48% | 2021-11-25 | Losingcontrolpower |
LinfenKangrunJinzeWaterSupplyCo.,Ltd. | 95,000,000.00 | 19.22% | 2021-11-25 | Losingcontrolpower |
KangrunchengEnvironmentalTechnology(Yantai)Co.,Ltd. | 10,000,000.00 | 12.74% | 2021-11-25 | Losingcontrolpower |
BokangRenewableResources(Yantai)Co.,Ltd. | 30,000,000.00 | 12.74% | 2021-11-25 | Losingcontrolpower |
LaizhouBinhaiWastewaterTreatmentCo.,Ltd. | 30,000,000.00 | 14.99% | 2021-11-25 | Losingcontrolpower |
BinzhouBeihaiJingmaiIndustrialDevelopmentCo.,Ltd. | 50,000,000.00 | 12.24% | 2021-11-25 | Losingcontrolpower |
KonkaGroupCo.,Ltd.AnnualReport2021
BeijingEconRunfengTechnologyCo.,Ltd.
BeijingEconRunfengTechnologyCo.,Ltd. | 50,000,000.00 | 24.98% | 2021-11-25 | Losingcontrolpower |
EconEnvironmentalEngineeringCo.,Ltd. | 50,000,000.00 | 24.98% | 2021-11-25 | Losingcontrolpower |
ShanghaiJiyiEnvironmentalTechnologyCo.,Ltd. | 10,000,000.00 | 24.98% | 2021-11-25 | Losingcontrolpower |
BinzhouEconZhongkeEnvironmentalTechnologyCo.,Ltd. | 50,000,000.00 | 24.98% | 2021-11-25 | Losingcontrolpower |
RushanEconWaterEnvironmentManagementCo.,Ltd. | 100,000,000.00 | 21.73% | 2021-11-25 | Losingcontrolpower |
LaizhouLairunHoldingCo.,Ltd. | 100,000,000.00 | 14.99% | 2021-11-25 | Losingcontrolpower |
BinzhouWeiyijieEnvironmentalTechnologyCo.,Ltd. | 50,000,000.00 | 17.49% | 2021-11-25 | Losingcontrolpower |
YantaiChunzhiranEnvironmentalTechnologyCo.,Ltd. | 50,000,000.00 | 17.49% | 2021-11-25 | Losingcontrolpower |
LaizhouLairunEnvironmentalProtectionCo.,Ltd. | 50,000,000.00 | 8.99% | 2021-11-25 | Losingcontrolpower |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd.. | 10,000,000.00 | 35.00% | 2021-12-27 | Losingcontrolpower |
ShenzhenE2infoNetworkTechnologyCo.,Ltd. | 20,174,070.81 | 25.78% | 2021-12-30 | Losingcontrolpower |
E2info(Hainan)NetworkTechnologyCo.,Ltd. | 3,000,000.00 | 25.78% | 2021-12-30 | Losingcontrolpower |
ShenzhenKanghuijiaTechnologyCo.,Ltd. | 24,678,061.22 | 0.72% | 2021-12-30 | Losingcontrolpower |
ChongqingKonkaHuiyingTechnologyCo.,Ltd. | 30,000,000.00 | 0.72% | 2021-12-30 | Losingcontrolpower |
KKSmartechLimited | 12,450,000.00(HKD) | 49.00% | 2021-7-7 | Losingcontrolpower |
(7)MajorChangestotheBusinessScopeorProductorServiceRangeintheReportingPeriod
□Applicable√Notapplicable
(8)MajorCustomersandSuppliersMajorcustomers:
Totalsalestotopfivecustomers(RMB) | 15,597,087,360.71 |
Totalsalestotopfivecustomersas%oftotalsalesoftheReportingPeriod(%) | 31.76% |
Totalsalestorelatedpartiesamongtopfivecustomersas%oftotalsalesoftheReportingPeriod(%) | 0.00% |
Topfivecustomers:
No. | Customer | Salesrevenuecontributed | As%oftotalsalesrevenue(%) |
KonkaGroupCo.,Ltd.AnnualReport2021
fortheReportingPeriod
(RMB)
fortheReportingPeriod(RMB) | |||
1 | CustomerA | 5,453,699,861.07 | 11.11% |
2 | CustomerB | 3,971,105,121.54 | 8.09% |
3 | CustomerC | 2,397,455,165.49 | 4.88% |
4 | CustomerD | 1,892,942,976.86 | 3.85% |
5 | CustomerE | 1,881,884,235.75 | 3.83% |
Total | -- | 15,597,087,360.71 | 31.76% |
Otherinformationaboutmajorcustomers:
√Applicable□NotapplicableNoneofthetopfivecustomerswererelatedpartiesoftheCompany.AndnoneoftheCompany’sdirectors,supervisors,executiveofficers,coretechnicians,over5%shareholders,actualcontrolleroranyotherrelatedpartiesheldequityinterestsinthemajorcustomers,directlyorindirectly.Majorsuppliers:
Totalpurchasesfromtopfivesuppliers(RMB) | 16,706,736,203.10 |
Totalpurchasesfromtopfivesuppliersas%oftotalpurchasesoftheReportingPeriod(%) | 35.15% |
Totalpurchasesfromrelatedpartiesamongtopfivesuppliersas%oftotalpurchasesoftheReportingPeriod(%) | 0.00% |
Topfivesuppliers:
No. | Supplier | PurchaseintheReportingPeriod(RMB) | As%oftotalpurchases(%) |
1 | SupplierA | 6,635,611,184.04 | 13.96% |
2 | SupplierB | 2,831,037,743.63 | 5.96% |
3 | SupplierC | 2,672,973,208.01 | 5.62% |
4 | SupplierD | 2,306,061,216.81 | 4.85% |
5 | SupplierE | 2,261,052,850.60 | 4.76% |
Total | -- | 16,706,736,203.10 | 35.15% |
Otherinformationaboutmajorsuppliers:
√Applicable□NotapplicableNoneofthetopfivecustomerswererelatedpartiesoftheCompany.AndnoneoftheCompany’sdirectors,supervisors,executiveofficers,coretechnicians,over5%shareholders,actualcontrolleroranyotherrelatedpartiesheldequityinterestsinthemajorcustomers,directlyorindirectly.
3.Expense
Unit:RMB
2021 | 2020 | Change(%) | Reasonforanysignificant |
KonkaGroupCo.,Ltd.AnnualReport2021
change
change | ||||
Sellingexpense | 1,428,062,895.37 | 1,825,626,804.27 | -21.78% | |
Administrativeexpense | 960,449,117.12 | 1,022,981,943.34 | -6.11% | |
Financecosts | 952,642,273.75 | 1,091,609,967.76 | -12.73% | |
R&Dexpense | 616,335,488.01 | 681,878,611.65 | -9.61% |
4.R&DInvestments
√Applicable□Notapplicable
NamesofmainR&Dprojects | Projectobjectives | Projectprogress | Objectivestobeachieved | ExpectedimpactontheCompany |
MicroLEDDisplayKeyTechnologyResearchandDevelopmentProject | Complete104-inchmicroLEDpanel | Chiponglassstack-uphasbeenresearched.Thedrivebackplateofthelarge-sizeMicroLEDTViscompleted.ThenormaldrivingoftheMicroLEDpanelisrealized. | Enable8Kdisplayfor104-inchMicroLEDpanel | ThecompletionofthisprojectwillhelpaccumulatecoreMicroLEDtechnologyandenhancetheCompany'sR&Dstrength. |
EfficiencyImprovementProjectforMiniLED&MicroLED | ResearchanddevelopMicroLEDepitaxyandchiptechnologytorealizeindependentdesignandsupplyofkeycomponentsinMicroLED. | SmallbatchandmediumbatchtrialproductionsofbothMicroLEDchipsandMiniLEDchipshavebeencompleted. | MassproductionofmicroLEDandminiLEDchips | |
AdvancementofMassTransferTechnologyforMicroLED | Improvethespeedandyieldofmasstransfer,andmakethemassproductionofMicroLEDapossibility. | Theself-developedmixedmasstransfertechnologyhasachievedsignificantimprovementsintransferefficiencyandyield. | Byusingownequipmentandindependentprocesstechnology,themasstransferyieldcanbeincreasedtomorethan99.99%. | |
ResearchandDevelopmentand | Developthefresh-keeping | Thetechnologydevelopmenthasbeen | Newtechnologiesaredevelopedandappliedto | ImprovetheCompany'srefrigerator |
KonkaGroupCo.,Ltd.AnnualReport2021
IndustrializationofNewKeyTechnologiesforRefrigeratorsBasedonMulti-FieldCoupling.
IndustrializationofNewKeyTechnologiesforRefrigeratorsBasedonMulti-FieldCoupling. | technologyoftheCompany'srefrigeratorproducts. | completedandappliedintheCompany'sproducts. | newproducts. | fresh-keepingtechnologyandenhancetheproductcompetitiveness. |
AnewGenerationofSmartVideoServiceSystemforSmartHomeAppliances | Enhancetheadditionalvalueoftheoperationofthevideobusinessforsmarthomeappliance. | IthasbeenappliedtosmarthomeappliancessuchassmartTV. | Torealizetechnologiessuchasautomatedandefficientvideomanagement,personalizedvideorecommendation,preciseadvertising,userbigdatamanagement,multi-platformcompatibilitydesign,andtwo-wayhuman-machineinteraction. | ThemanagementandoperationefficiencyoftheCompany'ssmarthomeappliancevideobusinessisimprovedandthedigitaltransformationoftheCompany'shomeappliancebusinessisfacilitated. |
DetailsaboutR&Dpersonnel:
2021 | 2020 | Change(%) | |
NumberofR&Dpersonnel | 1,505 | 1,504 | 0.07% |
R&Dpersonnelas%oftotalemployees | 9.27% | 8.74% | 0.53% |
EducationalbackgroundofR&Dpersonnel | —— | —— | —— |
Bachelor’sdegreeandbelow | 1,344 | 1,339 | 0.37% |
Master’sdegree | 151 | 155 | -2.58% |
Doctoraldegree | 10 | 10 | 0.00% |
AgestructureofR&Dpersonnel | —— | —— | —— |
Below30 | 649 | 719 | -9.74% |
30-40 | 607 | 533 | 13.88% |
Over40 | 249 | 252 | -1.19% |
DetailsaboutR&Dinvestments:
2021 | 2020 | Change(%) | |
R&Dinvestments(RMB) | 633,205,798.71 | 683,690,447.27 | -7.38% |
R&Dinvestmentsas%ofoperatingrevenue | 1.29% | 1.36% | -0.07% |
CapitalizedR&Dinvestments(RMB) | 16,870,310.70 | 1,811,835.62 | 831.12% |
CapitalizedR&Dinvestmentsas%oftotalR&Dinvestments | 2.66% | 0.27% | 2.39% |
KonkaGroupCo.,Ltd.AnnualReport2021
ReasonforanysignificantchangeinR&Dpersonnelcompositionandtheimpact:
□Applicable√NotapplicableReasonsforanysignificantYoYchangeinthepercentageofR&Dinvestmentsinoperatingrevenue:
□Applicable√NotapplicableReasonforanysharpvariationinthepercentageofcapitalizedR&Dinvestmentsandrationale:
√Applicable□NotapplicableInvestmentsinMicroLEDR&Dprojectsincreased.
5.CashFlows
Unit:RMB
Item
Item | 2021 | 2020 | Change(%) |
Subtotalofcashgeneratedfromoperatingactivities | 51,951,723,686.75 | 52,043,626,482.73 | -0.18% |
Subtotalofcashusedinoperatingactivities | 51,142,967,292.64 | 51,865,009,954.52 | -1.39% |
Netcashgeneratedfrom/usedinoperatingactivities | 808,756,394.11 | 178,616,528.21 | 352.79% |
Subtotalofcashgeneratedfrominvestingactivities | 6,003,236,391.07 | 4,798,350,613.92 | 25.11% |
Subtotalofcashusedininvestingactivities | 8,688,189,017.80 | 7,250,899,403.98 | 19.82% |
Netcashgeneratedfrom/usedininvestingactivities | -2,684,952,626.73 | -2,452,548,790.06 | -9.48% |
Subtotalofcashgeneratedfromfinancingactivities | 24,829,208,403.38 | 22,866,838,295.94 | 8.58% |
Subtotalofcashusedinfinancingactivities | 21,264,351,013.39 | 20,731,825,242.51 | 2.57% |
Netcashgeneratedfrom/usedinfinancingactivities | 3,564,857,389.99 | 2,135,013,053.43 | 66.97% |
Netincreaseincashandcashequivalents | 1,670,291,105.79 | -195,645,803.98 | 953.73% |
Explanationofwhyanyofthedataabovevariessignificantly:
√Applicable□NotapplicableNetcashgeneratedfrom/usedinoperatingactivitieschangedprimarilybecausetheCompanyactivelypromotedsalesandcashinflowacrossallthebusinessdivisionsduringtheReportingPeriod,resultinginadecreaseinbothinventoriesandaccountsreceivable.Netcashgeneratedfrom/usedinfinancingactivitieschangedprimarilybecauseborrowings
KonkaGroupCo.,Ltd.AnnualReport2021
increasedduringtheReportingPeriodcomparedtolastyear.ReasonforanybigdifferencebetweenthenetoperatingcashflowandthenetprofitforthisReportingPeriod:
□Applicable√NotapplicableVAnalysisofNon-CoreBusinesses
√Applicable□Notapplicable
Unit:RMB
Amount
Amount | As%oftotalprofit | Source/Reason | Recurrentornot | |
Returnoninvestment | 4,216,806,949.38 | 268.37% | TransferofpartofequityinterestsinE2infointhecurrentperiod | Not |
Gain/lossonchangesinfairvalue | 52,490,907.33 | 3.34% | Not | |
Assetimpairments | -1,750,376,067.33 | -111.40% | Mainlyforsomeassets,thereareimpairmentlossessuchasreceivables,inventoryandgoodwill | Not |
Non-operatingincome | 82,601,532.35 | 5.26% | Not | |
Non-operatingexpense | 24,444,724.35 | 1.56% | Not |
VIAnalysisofAssetsandLiabilities
1.SignificantChangesinAssetComposition
Unit:RMB
31December2021 | 1January2021 | Changeinpercentage(%) | Reasonforanysignificantchange | |||
Amount | As%oftotalassets | Amount | As%oftotalassets | |||
Monetaryassets | 6,489,553,211.24 | 16.27% | 5,431,530,180.90 | 10.87% | 5.40% | |
Accountsreceivable | 3,397,729,481.07 | 8.52% | 3,900,897,623.59 | 7.81% | 0.71% | |
Contractassets | - | 0.00% | 2,870,006,710.39 | 5.74% | -5.74% | |
Inventories | 4,068,537,809.18 | 10.20% | 4,521,300,677.41 | 9.05% | 1.15% | |
Investmentproperty | 776,525,061.54 | 1.95% | 538,585,668.29 | 1.08% | 0.87% | |
Long-termequity | 5,902,588,939.51 | 14.80% | 4,375,833,584.65 | 8.76% | 6.04% |
KonkaGroupCo.,Ltd.AnnualReport2021
investments
investments | |||||
Fixedassets | 4,010,295,277.14 | 10.06% | 3,178,642,017.84 | 6.36% | 3.70% |
Constructioninprogress | 1,490,777,831.39 | 3.74% | 9,236,643,931.68 | 18.48% | -14.74% |
Right-of-useassets | 71,210,415.37 | 0.18% | 104,222,631.14 | 0.21% | -0.03% |
Short-termborrowings | 9,920,675,121.08 | 24.88% | 10,990,550,475.78 | 21.99% | 2.89% |
Contractliabilities | 652,910,408.02 | 1.64% | 1,217,367,735.94 | 2.44% | -0.80% |
Long-termborrowings | 3,529,140,539.09 | 8.85% | 5,964,748,997.54 | 11.93% | -3.08% |
Leaseliabilities | 42,532,869.63 | 0.11% | 62,278,691.85 | 0.12% | -0.01% |
Indicatewhetheroverseasassetsaccountforalargerproportionofthetotalassets.
□Applicable√Notapplicable
2.AssetsandLiabilitiesatFairValue
√Applicable□Notapplicable
Unit:RMB
Item | Beginningamount | Gain/lossonfair-valuechangesintheReportingPeriod | Cumulativefair-valuechangeschargedtoequity | ImpairmentallowancefortheReportingPeriod | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Otherchanges | Endingamount |
Financialassets | ||||||||
1.Tradingfinancialassets(derivativefinancialassetsexcluded) | 618,249,541.66 | 3,691,020.84 | 621,940,562.50 | |||||
4.Otherequityinstrumentinvestment | 25,343,293.16 | -1,501,956.00 | 23,841,337.16 | |||||
Subtotaloffinancialassets | 643,592,834.82 | 3,691,020.84 | - | - | - | 621,940,562.50 | -1,501,956.00 | 23,841,337.16 |
Other | 1,962,211,994.20 | 52,705,078.02 | - | - | 657,201,828.98 | 307,266,608.98 | 2,364,852,292.22 | |
Totalofthe | 2,605,804,829.02 | 56,396,098.86 | - | - | 657,201,828.98 | 929,207,171.48 | -1,501,956.00 | 2,388,693,629.38 |
KonkaGroupCo.,Ltd.AnnualReport2021
above
above | |||
Financialliabilities | 0 | 0 |
Particularsaboutotherchanges:
Item | Beginningamount | Gain/lossonfair-valuechangesintheReportingPeriod | Cumulativefair-valuechangeschargedtoequity | ImpairmentallowancefortheReportingPeriod | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Otherchanges | Endingamount |
Othernon-currentfinancialassets | 1,878,154,796.76 | 52,705,078.02 | 585,711,140.44 | 223,209,411.54 | 2,293,361,603.68 | |||
Receivablesfinancing | 84,057,197.44 | 71,490,688.54 | 84,057,197.44 | 71,490,688.54 |
SignificantchangestothemeasurementattributesofthemajorassetsintheReportingPeriod:
□Yes√No
3.RestrictedAssetRightsasatthePeriod-End
Item | Endingcarryingvalue(RMB) | Reasonforrestriction |
Monetaryassets | 521,205,992.21 | Ofwhich,RMB467,911,612.25wasmargindepositpledgedforborrowingsorissuingbankacceptancebills;RMB19,966,629.15wasfinancialsupervisionaccountfunds;RMB20,918,528.76wasfixed-termdepositthatcannotbewithdrawninadvance;RMB12,409,222.05wasrestrictedforotherreasons. |
Notesreceivable | 540,032,830.08 | Pledgedforbilling |
Investmentproperty | 354,245,460.11 | Mortgagedforborrowings |
Fixedassets | 1,261,093,738.34 | Mortgagedforborrowings,mortgagedforguaranteeofformershareholders,mortgagedforfinancinglease |
Intangibleassets | 380,518,831.80 | Mortgagedforborrowings,mortgagedforguaranteeofformershareholders |
Constructioninprogress | 76,401,305.41 | Mortgagedforfinancinglease |
Total | 3,133,498,157.95 |
VIIInvestmentsMade
1.TotalInvestmentAmount
√Applicable□Notapplicable
AmountofReportingPeriod(RMB) | Amountofthesameperiodoflastyear(RMB) | Change(%) |
KonkaGroupCo.,Ltd.AnnualReport2021
7,481,330,886.46
7,481,330,886.46 | 5,893,962,083.15 | 26.93% |
2.MajorEquityInvestmentsMadeintheReportingPeriod
□Applicable√Notapplicable
3.MajorNon-EquityInvestmentsOngoingintheReportingPeriod
√Applicable□Notapplicable
Unit:RMB
Item | Investmentmethod | Fixedassetsinvestmentornot | Industryinvolved | InputamountintheReportingPeriod | Accumulativeactualinputamountasoftheperiod-end | Capitalresources | Progress | Estimatedrevenues | Accumulativerealizedrevenuesasoftheperiod-end | Reasonfornotmeetingthescheduleandexpectedrevenues | Disclosuredate(ifany) | Disclosureindex(ifany) |
DongguanKonkaIntelligentIndustrialPark | Self-build | Yes | Electronicindustry | 128,898,300.00 | 347,918,300.00 | Self-funded | N/A | 2017-03-11 | ||||
SuiningKonkaElectronicTechnologyIndustrialPark | Self-build | Yes | Electronicindustry | 147,276,950.83 | 333,062,092.90 | Self-funded | N/A | 2018-10-17 | ||||
KonkaChuzhouSmartAppliancesandEquipmentIndustrialPark | Self-build | Yes | Electronicindustry | 174,000,546.01 | 657,202,021.01 | Self-funded | N/A | 2018-12-05 | ||||
ChongqingKonkaSemiconductorPhotoelectricIndustrialPark | Self-build | Yes | Electronicindustry | 181,506,291.09 | 284,948,778.36 | Self-funded | N/A | 2019-06-14 | ||||
YanchengSemiconductorAssembly&TestBase | Self-build | Yes | Electronicindustry | 147,726,544.36 | 148,527,208.36 | Self-funded | N/A | 2019-11-26 |
KonkaGroupCo.,Ltd.AnnualReport2021
KonkaIntelligentTerminalManufacturingBaseforExport
KonkaIntelligentTerminalManufacturingBaseforExport | Self-build | Yes | Electronicindustry | 32,684,007.45 | 40,923,207.45 | Self-funded | N/A | 2020-06-06 | |||
FrestecRefrigerationPark | Self-build | Yes | Electronicindustry | 12,488,805.46 | 109,172,481.07 | Self-funded | N/A | 2020-07-21 | |||
Xi’anKonkaSmartAppliancesHeadquartersProject | Self-build | Yes | Electronicindustry | 141,515,774.75 | 141,515,774.75 | Self-funded | N/A | 2021-02-10 | |||
Total | -- | -- | -- | 966,097,219.95 | 2,063,269,863.90 | -- | -- | -- | -- | -- |
Note:RegardingDongguanKonkaIntelligentIndustrialPark,ChongqingKonkaSemiconductorPhotoelectricIndustrialPark,SuiningKonkaElectronicTechnologyIndustrialPark,FrestecRefrigerationPark,andKonkaIntelligentTerminalManufacturingBaseforExport,projectlandhasbeenobtainedandconstructionbegins.TheinfrastructureofKonkaChuzhouSmartAppliancesandEquipmentIndustrialParkisgoingthroughacceptancecheckuponthecompletionofconstruction.AsforXi’anKonkaSmartAppliancesHeadquartersProject,itisatastageofconstruction.YanchengSemiconductorAssembly&TestBasehasbeenputintoproduction.
4.FinancialInvestments
(1)SecuritiesInvestments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(2)InvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
5.UseofFundsRaised
√Applicable□Notapplicable
(1)Overalluseoftheraisedfunds
√Applicable□NotapplicableUnit:TenthousandYuan
Toraisetheyear | Raiseway | Totalfundraised | Thetotalamountoffundscollectedhasbeen | Accumulateduseofthetotalamount | Totalamountoffundsraisedfor | Accumulativetotalamountofraised | Proportionofthetotalamountofraised | Totalfundsraisedhavenotyetbeen | Thepurposeanddestinationofthe | Idlemorethantwoyearsraised |
KonkaGroupCo.,Ltd.AnnualReport2021
usedin
thisperiod
usedinthisperiod | ofraisedfunds | changingpurposesduringthereportingperiod | fundsforchangeofuse | fundsforcumulativechangeofuse | used | raisedfundshavenotbeenused | funds | |||
2021 | Non-publicofferingofcorporatebonds | 230,000 | 230,000 | 230,000 | 0 | 0 | 0.00% | 0 | No | 0 |
total | -- | 230,000 | 230,000 | 230,000 | 0 | 0 | 0.00% | 0 | -- | 0 |
Descriptionoftheoveralluseoftheraisedfunds | ||||||||||
ThecompanyusesandmanagestheraisedfundsstrictlyinaccordancewiththeStandardOperationGuidelinesforListedCompaniesofShenzhenStockExchangeandotherlawsandregulationsaswellastheCompany'sManagementSystemforRaisedFunds,andthereisnoillegaluseoftheraisedfunds. |
(
)Projectstatusofraisedfundscommitment
□Applicable√Notapplicable
(3)Projectchangesofraisedfunds
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIIISaleofMajorAssetsandEquityInterests
1.SaleofMajorAssets
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.SaleofMajorEquityInterests
√Applicable□Notapplicable
Counterparty | Equityinterestssold | Dateofsale | Sellingprice(RMB’0,000) | AmountcontributedbytheequityintereststonetincomeoftheCompa | EffectofthesaleontheCompa | AmountcontributedbythesaletonetincomeoftheComp | Pricingprinciple | Related-partytransaction | RelationshipbetweencounterpartyandtheCompany | Ownershipfullytransferredornot | Executedasscheduledornot,ifnot,statereasonandactionstaken | Disclosuredate | Indextodisclosedinformation |
KonkaGroupCo.,Ltd.AnnualReport2021
nyfromperiod-beginningtodateofsale(RMB’0,000)
nyfromperiod-beginningtodateofsale(RMB’0,000) | ny | anyasapercentageoftheCompany’snetincome(%) | ornot | ||||||||||
YantaiHuayiKangqiaoRealEstateCo.,Ltd. | 17%interestinYantaiKangyunIndustrialDevelopmentCo.,Ltd. | 31Mar.2021 | 3,451 | -9.3 | OptimizingtheCompany’sallocationofassets,increasingcapitalliquidity | 8.48% | Valuation | No | No | Yes | N/A | 14January2021 | http://www.cninfo.com.cn/new/index |
ShanghaiSongpuEnterpriseManagementCo.,Ltd. | 39%interestinShanghaiKonkaGreenTechnologyCo.,Ltd. | 13Apr.2021 | 7,478 | 0 | 3.35% | Valuation | No | No | Yes | N/A | 2Mar.2021 | ||
XinxiangJiantengRealEstateDevelopmentCo.,Ltd. | 51%interestinShenzhenKangxinPropertyCo.,Ltd. | 17Jun.2021 | 10,442 | -705.34 | 7.32% | Valuation | No | No | Yes | N/A | 27Mar.2021 |
KonkaGroupCo.,Ltd.AnnualReport2021
ShandongHi-speedCompanyLimited
ShandongHi-speedCompanyLimited | 11.70%interestinShandongEconTechnologyCo.,Ltd. | 25Nov.2021 | 30,624.048 | 1,526.35 | 24.97% | Valuation | No | Yes | N/A | 21April2021 | ||
ShenzhenQiaoyiDigitalTechnologyCo.,Ltd.,YanchengKangyanInformationIndustryInvestmentPartnership(limitedpartnership),ShanghaiHuandianInformationTechnologyCo.,Ltd.,ChongqingKangxinEquityInvestmentFundPartnership(limitedpartnership),ChongqingKunyuInnovationIntelligencePrivateEquityInvestmentFundPartnership(limitedpartnership),HainanHuilongInvestmentPartnership(LimitedPartnership),YibinKanghuiElectronicInformationIndustryEquityInvestmentFundPartnership(limitedpartnership),XiyueNewMediaNo.2(Zhuhai)InvestmentFundPartnership(limitedpartnership),HangzhouYuanxingYuhanInvestmentFundPartnership(limitedpartnership),ZhuhaiZhongdiJinqiaoEquityInvestmentPartnership(LimitedPartnership),TianjinKaiyuanFutureTechnologyVentureCapitalFundPartnership(limitedPartnership),HangzhouHuashuZhipingInformationTechnologyCo.,Ltd.,HunanChangshaTianxinDistrictJiuyueVentureCapitalInvestmentPartnership(limitedpartnership),HunanJiuchengVentureCapital | 70%interestinShenzhenE2infoNetworkTechnologyCo.,Ltd | 30Dec.2021 | 280,000 | 11,587.87 | 295.68% | Valuation | Yes | ShenzhenQiaoyiDigitalTechnologyCo.,Ltd.andtheCompanysharethesamecontrollingshareholder,OCTEnterprisesCo.,Ltd. | Yes | N/A | 21Jul.2021 |
KonkaGroupCo.,Ltd.AnnualReport2021
InvestmentPartnership(limitedpartnership),JiangxiJunjianIndustrialLimitedCompany,ChutianDragonCo.,Ltd.,BeijingAllViewCloudBigDataTechnologyCo.,Ltd.
IXMajorSubsidiaries
√Applicable□NotapplicableMajorfully/majority-ownedsubsidiariesandthoseminority-ownedsubsidiarieswithanover10%effectontheCompany’snetprofit
Unit:RMB
InvestmentPartnership(limitedpartnership),JiangxiJunjianIndustrialLimitedCompany,ChutianDragonCo.,Ltd.,BeijingAllViewCloudBigDataTechnologyCo.,Ltd.
Name
Name | RelationshipwiththeCompany | Principalactivity | Registeredcapital | Totalassets | Netassets | Operatingrevenue | Operatingprofit | Netprofit |
KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | Subsidiary | Enterprisemanagementconsultingandincubationservices | RMB5,000,000 | 127,810,100.31 | 64,662,755.52 | 70,087,973.87 | 11,357,560.21 | 11,865,216.89 |
AnhuiKonkaElectronicCo.,Ltd. | Subsidiary | Productionandsaleofelectronics | RMB140,000,000 | 2,709,207,719.09 | 623,629,181.19 | 4,976,928,097.47 | 20,101,559.06 | 12,088,889.39 |
HongKongKonkaCo.,Ltd. | Subsidiary | Export&importofelectronics | HKD500,000 | 2,395,637,944.72 | 334,620,013.25 | 2,950,550,106.15 | 120,196,913.47 | 99,670,323.83 |
ShenzhenWankaidaScienceandTechnologyCo.,Ltd. | Subsidiary | Softwaredesignandtechnologydevelopment | RMB10,000,000 | 117,380,831.64 | 114,721,704.78 | 39,483,080.00 | 31,505,474.02 | 27,814,633.88 |
ChainKingdomMemoryTechnologiesCo.,Limited | Subsidiary | Export&importofelectronics | USD4,876,255.39 | 1,124,098,702.18 | 140,892,289.78 | 9,416,436,242.22 | 21,235,090.37 | 16,707,246.42 |
SubsidiariesobtainedordisposedofintheReportingPeriod:
√Applicable□Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2021
Subsidiary
Subsidiary | HowsubsidiarywasobtainedordisposedintheReportingPeriod | Effectsonoveralloperationsandoperatingperformance |
ChongqingKangleiOptoelectronicTechnologyCo.,Ltd. | De-registered | Forbetterallocationofassets |
HenanKangxinRealEstateCo.,Ltd. | De-registered | |
ShenzhenKangquanEnterpriseManagementConsultingCo.,Ltd. | De-registered | |
ShenzhenKonkaSuyuanInvestmentIndustrialLimitedCompany | De-registered | |
ShenzhenKonkaIndustrialParkDevelopmentCo.,Ltd. | De-registered | |
XiamenDalongTradeCo.,Ltd. | De-registered | |
NanjingChuanghuiSmartTechnologyCo.,Ltd. | De-registered | |
HefeiChainKingdomMemoryTechnologiesCo.,Limited. | De-registered | |
KangxinSemiconductor(Yantai)Co.,Ltd. | De-registered | |
KonkaKowinMemoryTechnology(HongKong)Co.,Limited. | Newlyincorporated | BeneficialtothedevelopmentoftheCompany’srelevantbusiness |
KankaIndustrialandTradeTechnology. | Newlyincorporated | |
ShaanxiKonkaIntelligentApplianceCo.,Ltd. | Newlyincorporated | |
KangrunchengEnvironmentalTechnology(Yantai)Co.,Ltd. | Newlyincorporated | |
YibinKangrunMedicalWasteCentralizedTreatmentCo.,Ltd. | Newlyincorporated | |
SuiningKonkaFlexibleElectronicTechnologyCo.,Ltd. | Newlyincorporated | |
YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. | Newlyincorporated | |
NantongHongdinSmartTechnologyCo.,Ltd. | Newlyincorporated | |
SuiningKonkaHongyeElectronicsCo.,Ltd. | Newlyincorporated | |
KonkaHuazhong(Hunan)TechnologyCo.,Ltd. | Newlyincorporated | |
KangxinSemiconductor(Yantai)Co.,Ltd. | Newlyincorporated | |
ChuzhouKonkaPrecisionIntelligentManufacturingTechnologyCo.,Ltd. | Newlyincorporated | |
ChongqingXinyuanSemiconductorCo.,Ltd. | Newlyincorporated | |
JiangxiKonkaIndustrialParkDevelopmentCo.Ltd. | Newlyincorporated | |
RuichangKangruiRealEstateCo.,Ltd. | Newlyincorporated |
KonkaGroupCo.,Ltd.AnnualReport2021
KonkaIndustrialDevelopment(Wuhan)Co.,Ltd.
KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. | Newlyincorporated | |
GuizhouKonkaNewMaterialTechnologyCo.,Ltd. | Newlyincorporated | |
GuizhouKangguiMaterialTechnologyCo.,Ltd. | Acquired | |
ChongqingJiarunRealEstateCo.,Ltd. | Newlyincorporated | |
NantongKanghaiTechnologyIndustryDevelopmentCo.,Ltd. | Newlyincorporated | |
GuangdongXinweiSemiconductorCo.,Ltd. | Newlyincorporated | |
ChongqingKangyiyunBusinessOperationManagementCo.,Ltd. | Newlyincorporated | |
ShenzhenYijiakangSmartTerminalTechnologyCo.,Ltd. | Newlyincorporated | |
ShenzhenKangxiaojiaDigitalInformationTechnologyCo.,Ltd. | Newlyincorporated | |
GuizhouKangkaiMaterialTechnologyCo.,Ltd. | Newlyincorporated | |
ChongqingKangxingruiRenewableResourcesCo.,Ltd. | Newlyincorporated | |
GuizhouKangguiEnergyCo.,Ltd. | Newlyincorporated | |
Xi'anFeiheRealEstateDevelopmentCo.,Ltd. | Acquired | |
Xi'anHuashengJiachengRealEstateCo.,Ltd. | Acquired | |
SichuanChengruiRealEstateCo.,Ltd. | Acquired | |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | Equitytransfer | BeneficialtothedevelopmentoftheCompany’srelevantbusinessandbringaboutacertainamountofgains |
YantaiKangyunRealEstateDevelopmentCo.,Ltd. | Equitytransfer | |
ShenzhenKangxinRealEstateCo.,Ltd. | Equitytransfer | |
HenanKanghanRealEstateCo.,Ltd. | Equitytransfer | |
ShandongEconTechnologyCo.,Ltd. | Equitytransfer | |
DonggangKangrunEnvironmentalManagementCo.,Ltd. | Equitytransfer | |
SubeiMongolAutonomousCountyKangrunWaterCo.,Ltd. | Equitytransfer | |
Kanghong(Yantai)EnvironmentalTechnologyCo.,Ltd. | Equitytransfer | |
WeifangSihaiKangrunInvestmentOperationCo.,Ltd. | Equitytransfer | |
DayiKangrunWaterCo.,Ltd. | Equitytransfer | |
SuiningPengxiKangrunEnvironmentalManagementCo.,Ltd. | Equitytransfer |
KonkaGroupCo.,Ltd.AnnualReport2021
LaizhouLairunWastewaterTreatmentCo.,Ltd.
LaizhouLairunWastewaterTreatmentCo.,Ltd. | Equitytransfer |
FunanKangrunWaterCo.,Ltd. | Equitytransfer |
LushanKangrunEnvironmentalManagementCo.,Ltd. | Equitytransfer |
TongchuanKangrunHonghuiEnvironmentalManagementCo.,Ltd. | Equitytransfer |
WuhanRunyuanWastewaterTreatmentCo.,Ltd. | Equitytransfer |
TingyuanEnvironmentalTechnology(Shanghai)Co.,Ltd. | Equitytransfer |
XixianKangrunXijianWaterEnvironmentDevelopmentCo.,Ltd. | Equitytransfer |
GaopingKangrunEnvironmentalProtection&WaterCo.,Ltd. | Equitytransfer |
MengchengKangrunAnjianWaterCo.,Ltd. | Equitytransfer |
ChongzhouKangrunEnvironmentCo.,Ltd. | Equitytransfer |
Xi'anCityGaolingDistrictKangrunEnvironmentalEngineeringCo.,Ltd. | Equitytransfer |
AnkangKangrunXinhengWaterEnvironmentCo.,Ltd. | Equitytransfer |
ChangningKangrunWaterCo.,Ltd. | Equitytransfer |
LinfenKangrunJinzeWaterSupplyCo.,Ltd. | Equitytransfer |
KangrunchengEnvironmentalTechnology(Yantai)Co.,Ltd. | Equitytransfer |
BokangRenewableResources(Yantai)Co.,Ltd. | Equitytransfer |
LaizhouBinhaiWastewaterTreatmentCo.,Ltd. | Equitytransfer |
BinzhouBeihaiJingmaiIndustrialDevelopmentCo.,Ltd. | Equitytransfer |
BeijingEconRunfengTechnologyCo.,Ltd. | Equitytransfer |
EconEnvironmentalEngineeringCo.,Ltd. | Equitytransfer |
ShanghaiJiyiEnvironmentalTechnologyCo.,Ltd. | Equitytransfer |
BinzhouEconZhongkeEnvironmentalTechnologyCo.,Ltd. | Equitytransfer |
RushanEconWaterEnvironmentManagementCo.,Ltd. | Equitytransfer |
LaizhouLairunHoldingCo.,Ltd. | Equitytransfer |
BinzhouWeiyijieEnvironmentalTechnologyCo.,Ltd. | Equitytransfer |
YantaiChunzhiranEnvironmentalTechnologyCo., | Equitytransfer |
KonkaGroupCo.,Ltd.AnnualReport2021
Ltd.
Ltd. | |
LaizhouLairunEnvironmentalProtectionCo.,Ltd. | Equitytransfer |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd.. | Equitytransfer |
ShenzhenE2infoNetworkTechnologyCo.,Ltd. | Equitytransfer |
E2info(Hainan)NetworkTechnologyCo.,Ltd. | Equitytransfer |
ShenzhenKanghuijiaTechnologyCo.,Ltd. | Capitaldecrease |
ChongqingKonkaHuiyingTechnologyCo.,Ltd. | Capitaldecrease |
KKSmartechLimited | Capitalincrease |
Informationaboutprincipalsubsidiariesandjointstockcompanies:
NoneXStructuredBodiesControlledbytheCompany
□Applicable√NotapplicableXIProspectoftheCompany’sFutureDevelopmentIn2022,basedontheexternalsituationandtheactualsituationoftheCompany,theCompanywilltacklekeyproblemsincoretechnologies,buildcorecapabilitiesandachievehigh-qualitydevelopment.TheCompany’skeyworksfor2022areasfollows:
(I)ExplorenewbusinessaroundtheupstreamanddownstreamofthemainlineIn2022,aroundthemainindustriallineof"semiconductor+newconsumerelectronics(CE)+industrialpark",theCompanywilladoptastrategyoflengtheningandbroadening.TheCompanywillextendtheindustrialchainverticallyandwidentheproductchainhorizontally,andbuildtheCompany'snewcorecompetitivenesswithadvantagesintechnologiesandsupplychain.(II)FurtherpromotecostreductionandfeecontrolIn2022,theCompanywillfurtherenhancecostreductionandfeecontrol.First,itwillreducecosts.TheCompanywillfocusonreducingsupplychaincosts.Thesecondistomanageexpenses.Whileimprovingtheuseefficiencyofvariousexpenses,theCompanywillreducethecostofstrategicpromotion,logisticsandsalesbychangingtheoperationmode..(III)VigorouslycreatebenchmarkqualityproductsIn2022,theCompanywillmakegreateffortstocreatebenchmarkqualityproducts.Bystreamliningproducts,functionsandprocesses,theCompanywillfocusitsresourcesoncreatinghigh-tech,high-marginandhigh-praiseproductsinordertomeettheneedsofusersandintensifytheCompany'scompetitiveadvantages.(IV)OptimizetheassetandfinancialstructureIn2022,theCompany,withtheaimofoptimizingtheassetsandfinancialstructure,will,firstofall,activelyimprovethedebtstructureandreducetheproportionofshort-termliabilities;secondly,itwillrevitalizeexistingassets,acceleratetherealizationofassets,andspeeduptheturnoverofinventoryandaccountsreceivable;finally,itwillactivelyexpandfinancingchannelsandreducefinancingcosts.(V)Businessoperations
1.TechnologyParkSub-Division
KonkaGroupCo.,Ltd.AnnualReport2021
In2022,thekeytasksofthetechnologyparksub-divisionareasfollows:First,theCompanywillexploreincrements,andplanfornewsectorsinthetechnologyparksub-divisiontoseekdevelopment;second,intermsofpost-investmentmanagement,theCompanywillensurethatthecontrolledprojectsaredeliveredonschedule,andtracktheprojectsitparticipates.
2.MultimediaSub-DivisionIn2022,thekeytasksofthemultimediasub-divisionareasfollows:First,theCompanywillenhancethequalityofoperation,continuetoimprovebusinessperformanceofthemultimediasub-divisionandlayagoodfoundationforturninglossesintoprofits;second,theCompanywillstrengthenproductsandmanufacturing,createbenchmarkqualityproducts,andachievesubstantialgrowthofOEMandexportbusinessrelyingonthemanufacturingcapabilitiesofintelligentmanufacturingfactories;third,theCompanywilloptimizethemanagementstructure,andfurtheroptimizemanagementstructurearoundmanufacturingandmarketingofthemultimediasub-division;fourth,itischannelreuse.Themultimediabusinesswillrealizechannelreusethroughcontinuousenrichmentofproductlinessoastoimprovechannelefficiency.
3.WhiteGoodsSub-DivisionIn2022,thekeytasksofthewhitegoodssub-divisionareasfollows:First,theCompanywillbuildanewpatternofthewhitegoodsindustrythroughcoordinateddevelopmentofthefull-categoryof"refrigerators+washingmachines+airconditioners+freezers+kitchenappliance";second,theCompanywillmakegreatereffortstoenhancegrossprofitsofthewhitegoodssub-division;third,theCompanywillactivelyengageinkeyareasintheupstreamoftheindustrialchain,buildindustrialbarriersbymeansofcapital,andfurtherenhancetherighttospeakintheindustrialchainofwhitegoods.
4.IndustryandTradeTechnologySub-DivisionIn2022,thekeytasksoftheindustryandtradetechnologysub-divisionareasfollows:First,theCompanywillfurtherpromotethe"tradetoindustry",andfindnewgrowthpointsthroughthedevelopmentofnewcustomers,newbusinessesandnewproducts,improvetheabilitytoacquiregrossprofit,andcontinuouslyimprovethequalityofoperations;second,theCompanywilladjusttheincomestructure,continuouslyincreasetheproportionofdomestictradeincome,andpromotesustainedandhealthybusinessdevelopment.
5.InvestmentSub-DivisionIn2022,thekeytasksoftheinvestmentsub-divisionaretodoagoodjobininvestment,managementandwithdrawalofexistingfunds,andcontinuetoexpandthenumberandscaleoffunds,soastoformapatternofsufficientfundraising,soundinvestment,propermanagement,andeffectivewithdrawal.
6.SemiconductorSub-DivisionIn2022,thekeytasksofthesemiconductorsub-divisionareasfollows:First,theCompanywillrealizeindustrializationandacceleratetheindustrializationofthefourphotoelectrictechnologyprojectsofMinibacklight,Minidirectdisplay,MinichipandMicrochip;second,theCompanywillensurethattheR&Dplaniscompletedonschedule;third,theCompanywillenhanceoperationofYanchengSemiconductorAssembly&TestBase,soastorealizethereplicationoftheproject.
7.EnvironmentalProtectionSub-DivisionIn2022,thekeytasksoftheenvironmentalprotectionsub-divisionareasfollows:First,theCompanywillactivelytransformtheenvironmentalprotectionsub-divisionintonewenergy,relyonphotovoltaicglassandotherprojectstoactivelyexpandtotheupstreamanddownstreamofthe
KonkaGroupCo.,Ltd.AnnualReport2021
photovoltaicindustry;second,theCompanywillpromotethetransformationofChongqingProjectCompanyfromscraprecyclingbusinesstoautomobiledismantlingfield,andacceleratetheacquisitionofcorrespondingindustrialdevelopmentqualifications.
8.MobileInternetSub-DivisionIn2022,theCompanywillfocusoncreatingcoreproducts,promotingbusinessdiversificationandtappingsustainablehigh-yieldbusinessesinthemobileInternetSub-Division.
9.PCBSub-DivisionIn2022,theCompanywillfurtheracceleratethegrowthofbusinessscale,improvetheproductstructure,expandfromthecurrentproductlinetoHighDensityInterconnection(HDI)boardandFlexiblePrintedCircuit(FPC)board,improvetheproductstructureofPCBproducts,andrealizediversifiedandhigh-endproductsinthePCBsub-division.
10.VentureCapitalSub-DivisionIn2022,theCompanywillbuildacommercialrealestateoperatormodebasedontheoperationofprojectsincludingOCTCreativePark,WuhanandFoshan,andopenupnewprofitsupportbusinessesinthesub-division.Inaddition,theCompanywillcontinuetoimproveandupgradetheconstructionofstate-levelincubators,andrelyonventurecapitalfundsandincubatorplatformstocultivateandincubatehigh-qualityenterprises.XIICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviews
√Applicable□Notapplicable
Date
Date | Place | Wayofcommunication | Typeofcommunicationparty | Communicationparty | MaindiscussionsandmaterialsprovidedbytheCompany | Indextomaininformationcommunicated |
11January2021 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Byphone | Institution | WangAnya(TaiwanDongtengInnovationInvestmentCo.,Ltd.) | RecordFormforInvestorRelationsActivities(No.:2021-01) | http://www.cninfo.com.cn/new/index |
6April2021 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Individual | InvestorsparticipatingintheOnlinePerformancePresentationfor2020ofKonkaGroupCo.,Ltd.throughhttp://www.cs.com.cn/. | RecordFormforInvestorRelationsActivities(No.:2021-02) | |
22September2021 | ConferenceRoomofOffice | One-on-onemeetin | Institution | LiuMenglin,LuoWeibin(DongguanSecurities) | RecordFormforInvestorRelationsActivities(No.: |
KonkaGroupCo.,Ltd.AnnualReport2021
BuildingofKonkaR&DBuilding
BuildingofKonkaR&DBuilding | g | 2021-03) | |||
18October2021 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | XuLiang,ChenTong(GuosenSecurities) | RecordFormforInvestorRelationsActivities(No.:2021-04) |
29October2021 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | XieJude(ShenzhenGuanlanLakeInvestmentHoldingsCo.,Ltd.) | RecordFormforInvestorRelationsActivities(No.:2021-05) |
5November2021 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | HongYan(HangzhouJiulongAssetManagementCo.,Ltd.)CaiTianfu(ShenzhenDadaoZhichengInvestmentManagementPartnership(LimitedPartnership)) | RecordFormforInvestorRelationsActivities(No.:2021-06) |
26November2021 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | Other | Institution | XuYong(PingAnSecurities)GaoYibo(PenghuaSecurities)LuLei(HawkingCapital)ChenChunyan(QianhaiHaochuang)YuJunchen(QianhaiJumpstart)ZhangXun(InforeCapital)DongCheng,FengChenxin(TefaFuhai) | RecordFormforInvestorRelationsActivities(No.:2021-07) |
3December2021 | ConferenceRoomofOfficeBuildingofKonkaR&DBuilding | One-on-onemeeting | Institution | YanZhekun(TopsperitySecurities) | RecordFormforInvestorRelationsActivities(No.:2021-08) |
KonkaGroupCo.,Ltd.AnnualReport2021
PartIVCorporateGovernanceIGeneralInformationofCorporateGovernanceIntheReportingPeriod,strictlyinaccordancewiththeCompanyLaw,SecuritiesLawofthePRC,CodeofCorporateGovernanceforListedCompanies,ShareListingRulesofShenzhenStockExchangeandtherelevantrulesandregulationsoftheCSRC,theCompanytimelyamendedtheinternalcontrolsystemssuchastheArticlesofAssociationandAdministrativeMethodonProvisionofExternalFinancialAidsaswellasManagementSystemonInvestorsRelationship,continuouslyperfectedthecorporategovernancestructureandstandardizedtheCompany’soperation.BytheendoftheReportingPeriod,theactualconditionsofcorporategovernancebasicallymettherequirementsoftheregulatorydocumentsinrespectofcorporategovernancestructureoflistedcompaniesissuedbyCSRC.(I)ShareholdersandtheShareholders’GeneralMeetingTheCompanydrewupArticlesofAssociationandRulesforProcedureofShareholders’GeneralMeeting,ensuredthatallshareholders,inparticularmediumandminorshareholders,enjoylegalrightsandequalstandard.IntheReportingPeriod,theCompanywasabletopublishannouncementonShareholders’GeneralMeetingsinadvance,convenedShareholders’GeneralMeetingwithstrictlyaccordancetorelevantrequirements,soastoenabletheshareholdershavetheirrightsofinformationtotheCompany’smaterialissuesandtheparticipationrights.In2021,theCompanyconvenedfourShareholders’GeneralMeetingintotal.TheCompanyseriouslydidwelltheregistration,arrangementandorganizationworkfortheShareholders’GeneralMeetingbeforethecircularonconveningtheShareholders’GeneralMeetingbeingpublishedatthedesignatedmedia.TheCompanyconvenedtheShareholders’GeneralMeetingattheofficeaddressoftheCompanystrictlyinlinewithrelevantstipulations,whichwasconvenientintraffic,andtheshareholderscouldattendthesessioninaccordancewiththeiractualsituation.TheCompany’sdirectors,supervisorsandseniormanagementstaffsmadeexplanationsanddescriptionfortheshareholders’questionsandadvicesatthesession.(II)ControllingshareholderandtheCompanyIntheReportingPeriod,thecontrollingshareholdersandactualcontrollersstrictlyregulateditsbehaviorandcompliedwithlawsinexercisingtheirrightsandobligations,notbypassedtheShareholders’GeneralMeetingtointerveneintheCompany’sdecisionsandoperationsdirectlyorindirectly.TheCompanywasseparatedfromthecontrollingshareholdersandactualcontrollersinaspectsofitsbusiness,personnel,assets,organandfinance,theBoardofDirectors,SupervisoryCommitteeandtheinternaldepartmentsoftheCompanyfunctionedindependently.(III)DirectorsandtheBoardofDirectors
KonkaGroupCo.,Ltd.AnnualReport2021
ThenumberandstructureoftheBoardBureauoftheCompanywereincompliancewithlawsandregulations.TheCompanydrewupRulesforProceduresoftheBoardBureau,soastoensureahighefficientoperationandscientificdecision-makingoftheBoardBureau;theCompanyhassetupIndependentDirectorSystemandengagedthreeindependentdirectors.IntheReportingPeriod,thenumberofdirectorsandcompositionoftheBoardofDirectorsoftheCompanyaswellastheprocedureofselectionwasinaccordancewiththerequirementsoftherulesandlawsaswellasArticlesofAssociation.TheCompanysetupfourspecialcommittees,whichwereFinancialAuditCommittee,NominationCommittee,Remuneration&AppraisalCommittee,StrategyCommitteetoprovideprofessionopinionforthedecisionoftheBoardofDirectors.Allthedirectorscarriedouttheirwork,fulfilledtheirdutiesandscrupulouslyattendedtheBoardsessionsinaccordancewithRulesofProcedurefortheBoardofDirectors,RulesforIndependentDirectors,etc.15BoardsessionswereconvenedbytheCompanyduringtheReportingPeriod,whichbroughtthedecision-makingmechanismoftheBoardofDirectorsintofullplay.(IV)SupervisorsandsupervisorycommitteeTheCompanyhasestablishedRulesforProceduresoftheSupervisoryCommittee,personsandstructureoftheSupervisoryCommitteewasinlinewithrelevantlawsandstatutes,supervisorscanearnestlyperformtheirresponsibilities,independentlyandefficientlyexecutedsupervisionandcheckresponsibilitieswithaspiritofbeingresponsibletoshareholders.IntheReportingPeriod,thenumberofsupervisorsandcompositionoftheSupervisoryCommitteeoftheCompanyaswellastheirselectingprocedurecompliedwiththelaws,regulations.InaccordancewiththerequirementoftheRulesofProcedureforSupervisoryCommittee,thesupervisorsperformedtheirdutiesinanearnestandresponsiblemanner,andexercisedtheirfunctionsofsupervisiononthedecision-makingprocedureoftheBoardofDirectors,resolutionsandtheCompany’soperationbylaw,andtookeffectivesupervisionovertheCompany’ssignificantevents,relatedtransactions,financialposition,aswellasthelegalityandcomplianceondutyperformancebythedirectors,presidentandotherseniormanagementmembers.(V)PerformanceAppraisalandIncentive&RestrictiveMechanismTheseniormanagementstaffsoftheCompanywererecruitedonanopenbasisandincompliancewiththelawsandregulations.TheCompanyhasestablishedandgraduallyimprovedtheperformanceappraisalstandardsandincentive&restrictivemechanismforseniormanagementstaffs,soastoattractqualifiedpersonnel,andensurethestabilityofseniormanagementstaffs.(VI)InterestedpartiesDuringtheReportingPeriod,theCompanyfullyrespectedandmaintainedthelegalrightsoftheinterestedparties,andrealizedthebalanceofinterestamongthepartiessuchassociety,shareholdersandemployees,etc.Meanwhile,theCompanyprotectedtherightsoftheemployees,promotedtheenvironmentalprotection,andactivelyjoinedinthesocialbenefitandcharitable
KonkaGroupCo.,Ltd.AnnualReport2021
causesoastojointlypromotesustainableandhealthydevelopment.(VII)InformationdisclosureandtransparencyTheCompanyformulatedtheManagementSystemforInvestorRelationsandtheManagementSystemforInformationDisclosureandtheRulesonImplementationforInformationDisclosureCommittee.AndtheCompanydesignatedspecially-assignedpersontotakechargeoftheinformationdisclosure,anddesignatedspecializeddepartmenttoberesponsibleforthereceptionofshareholdersandconsultation,activelycarryingouttheworkforinvestorrelationsmanagementtoensureequalaccesstoinformationforallshareholders.TheCompanystrictlycompliedwiththerequirementsofthelaws,regulationsandtheArticlesofAssociationtodiscloseitsinformationasrequiredbytherelevantregulationsonantimely,honest,completeandaccuratebasis,toensuretheaccurateandtimelyinformationdisclosure,whileensureequalaccesstoinformationforallshareholders.(VIII)Non-standardgovernance
1.Typeofnon-standardgovernancematterexistedTherewasasituationthattheCompanydisclosedundisclosedinformation.
2.TypesandcycleofundisclosedinformationprovidedtotheprincipalshareholderTheCompanyprovidedmonthlyfinancialdatatotheprincipalshareholder.
3.Reasonsfortherelatednon-standardgovernanceexistedTheCompanysubmittedtheundisclosedinformationsuchasmonthlyfinancialdatatothesubstantialshareholderdirectlyadministratedbytheState-ownedAssetsSupervisionandAdministrationCommissionofStateCouncilinaccordancewiththemanagerialdemandofSASAC.
4.ImpactonCompanyindependenceAftertheself-inspection,theCompanykeptstrictlytotherequirementsof“NoticeonStrengtheningtheSupervisionofListedCompany’sProvisionofNon-publicInformationtoSubstantialShareholdersandActualControllers”,and“SupplementaryNoticeConcerningStrengtheningtheSupervisionoftheNon-standardGovernanceBehaviorofListedCompany'sProvisionofNon-publicInformationtoSubstantialShareholdersandActualControllers”,whilestringentlyperformedthenecessaryprocedures.Thereexistednocircumstancesofsubstantialshareholder’sabuseofcontrolanddisclosureofundisclosedinformationforinsidertrading,andhence,ithasnoimpactontheindependenceoftheCompany.(IX)Developmentofcompany’sspecialgovernanceactivity,formulationandimplementationofregistrationandmanagementsystemfortheinsiderofinsideinformation
1.EstablishmentandperfectionofmanagementsystemfortheinsiderofinsideinformationTofurtherstandardizethecompany’sinsideinformationmanagementbehavior,strengthenthecompany’sinsideinformationconfidentialwork,andmaintainthefairprincipleofinformation
KonkaGroupCo.,Ltd.AnnualReport2021
disclosure,theCompanyestablishedInsideInformationandInsiderManagementSysteminKonkaGroupCo.,Ltd.TheCompanystrictlyimplementsthesystemintheinformationdisclosurework,meanwhile,carefullyimplementstheCompany’sinsideinformationandinsiderregistrationandmanagementmethod,registerstheinsiderofinsideinformation,andreporttoShenzhenStockExchangeandShenzhenSecurityRegulatoryBureauaccordingtotheprovision.TheCompanyconductedthespecialinspectionontheinsideinformationmanagementduringtheoccurrenceofmajoreventin2021andtheannualreportin2021.Aftertheinspection,theCompanyactuallyrealizedthattheinsiderofinsideinformationstrictlykepttheconfidentialprovision,didnotdisclose,divulgeandspreadtheCompany’sinsideinformationtotheoutside,theinsiderofinsideinformationdidnotbuyandselltheCompany’ssharewiththeinsideinformationbeforedisclosingthemajorsensitiveinformationinfluencingtheCompany’sshareprice,therewasnoinvestigationandrectificationfromtheregulatorydepartmentduringtheediting,reviewanddisclosureofregularreportandmajorevent.ManagementRulesforInsideInformationandInsiderManagementSystemofKonkaGroupCo.,Ltd.wasimplementedinplaceandcontrolledeffectively.
2.Establishmentandimplementationofexternalinformationuser’smanagementsystemTostrengthenthemanagementonthereportingofCompany’sinsideinformation,theCompanyestablishesInsideInformationReportingManagementSystem,andprescribestheinsideinformationreportingrange,reportingprocedure,responsibilitydivisionandothermattersaccordingtoSecurityLawinPeople’sRepublicofChina,InformationDisclosureManagementMethodinListedCompany,InsideInformationandInsiderManagementSysteminKonkaGroupCo.,Ltd.andotherrelatedprovisionsinthelaws,regulationsandregulatorydocuments.TheCompanyconductedthespecialinspectionontheinsideinformationreportingstatusduringtheoccurrenceofmajoreventin2021andtheannualreportin2021.Aftertheinspection,theCompany’sinsideinformationreportingstatuscomplieswiththerequirementsinInsideInformationReportingManagementSystem.InsideInformationReportingManagementSystemwasimplementedinplaceandcontrolledeffectively.Indicatebytickmarketwhetherthereisanymaterialincompliancewithlaws,regulationsandprovisionsissuedbytheCSRCgoverningthegovernanceoflistedcompanies.
□Yes√NoNosuchcasesintheReportingPeriod.IITheCompany’sIndependencefromItsControllingShareholderandActualControllerinBusiness,Personnel,Asset,OrganizationandFinancialAffairsDuringtheReportingPeriod,thecompanywasfullyseparatedfromthecontrollingshareholdersintermsofbusiness,staff,assets,organs,andfinance,whichownedindependentlegalrepresentativeandmainstatusinmarketcompetitionandhadindependentaccounting,aswellaspossessed
KonkaGroupCo.,Ltd.AnnualReport2021
completebusinessandtheabilityofindependentoperationtofacethemarket.(I)Business:theCompanyownedcompletesupply,R&D,productionandsalessystem,possessedabilityofindependentoperationtofacethemarketbyindependentoperation,independentaccounting&decision-making,independentbearingresponsibility&risks,didn’tsubjecttotheinterferenceandcontrolofthecontrollingshareholders,actualcontrolleranditscontrolledenterprises.(II)Staff:theCompanywasindependentofthecontrollingshareholderwithrespecttolabor,personnelandsalariesmanagement.TheCompanyownedindependentteamofstaffs,theseniormanagementstaff,financialpersonnelandbusinesspersonnelreceivedtheirremunerationsintheCompany,andtheywerefull-timestaffsoftheCompanywithoutholdinganypost,exceptdirectorsandsupervisors,inshareholders’unitsorotherrelatedenterprises.(III)Assetsintegrity:theCompanyhadproductionandoperationpremisescompletelyseparatedfromthecontrollingshareholder,andtheunaffiliatedandintegralassetsstructure,aswellastheindependentproductionsystem,ancillaryproductionsystem,theancillaryfacilities,housepropertyrightandotherassets,whichalsopossessedindependentprocurementandsalessystem.(IV)Organ:theCompanyhaditsownfunctionalorgansadaptingtotheneedsofself-developmentandmarketcompetitiveness,allthefunctionalorganswereseparatedfromeachotherinaspectsofpersonnel,officepremisesandmanagementrules,etc.,thereexistednoparticularsaboutanyshareholders,otherunitsorindividualsinterferingtheorgansettingoftheCompany.(V)Finance:theCompanyestablishedanindependentfinancedepartmentwithfull-timefinancialpersonnelandanindependentfinanceandaccountingsystem,andindependentlycarriedoutthefinancialworkinlinewithrequirementsofrelevantaccountingrules;theCompanypromulgatedsoundfinancialmanagementsystemtooperateindependentlywithoutsharingcommonaccountswiththecontrollingshareholder,relatedenterprise,otherunitsorindividual;theCompanyindependentlydeclaredandpaidthetaxbylawswithoutparticularsonpayingtaxestogetherwithshareholders’units.IIIHorizontalCompetition
□Applicable√NotapplicableIVAnnualandSpecialGeneralMeetingsConvenedduringtheReportingPeriod
1.GeneralMeetingConvenedduringtheReportingPeriod
Meeting
Meeting | Type | Investorparticipationratio | Dateofthemeeting | Disclosuredate | Meetingresolutions |
The1stExtraordinaryGeneralMeetingof2021 | ExtraordinaryGeneralMeeting | 24.48% | 15March2021 | 16March2021 | Resolutionsofthe1stExtraordinaryGeneralMeetingof2021 |
The2020Annual | AnnualGeneral | 24.42% | 19April2021 | 20April2021 | Resolutionsofthe |
KonkaGroupCo.,Ltd.AnnualReport2021
GeneralMeeting
GeneralMeeting | Meeting | 2020AnnualGeneralMeeting | |||
The2ndExtraordinaryGeneralMeetingof2021 | ExtraordinaryGeneralMeeting | 24.42% | 18August2021 | 19August2021 | Resolutionsofthe2ndExtraordinaryGeneralMeetingof2021 |
The3rdExtraordinaryGeneralMeetingof2021 | ExtraordinaryGeneralMeeting | 24.41% | 1November2021 | 2November2021 | Resolutionsofthe3rdExtraordinaryGeneralMeetingof2021 |
2.SpecialGeneralMeetingsConvenedattheRequestofPreferredShareholderswithResumedVotingRights
□Applicable√NotapplicableVDirectors,Supervisors,SeniorManagementandStaff
1.BasicInformation
Name | Officetitle | Incumbent/Former | Gender | Age | Startoftenure | Endoftenure | Beginningshareholding(share) | Stockoptions | Numberofgrantedrestrictedshares(share) | IncreaseintheReportingPeriod(share) | DecreaseintheReportingPeriod(share) | Otherincrease/decrease(share) | Endingshareholding(share) | Reasonforchange |
LiuFengxi | Director,ChairmanoftheBoard | Incumbent | Male | 50 | 3December2018 | 3December2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
YaoWei | Director | Incumbent | Male | 47 | 14September2020 | 3December2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
ZhouBin | Director | Incumbent | Male | 43 | 3December2018 | 3December2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
KonkaGroupCo.,Ltd.AnnualReport2021
YeXingbin
YeXingbin | Director | Incumbent | Male | 52 | 21March2022 | 3December2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SunShengdian | Independentdirector | Incumbent | Male | 67 | 3December2018 | 3December2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
WangShuguang | Independentdirector | Incumbent | Male | 51 | 3December2018 | 3December2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
DengChunhua | Independentdirector | Incumbent | Female | 59 | 3December2018 | 3December2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CaiWeibin | Supervisor,chairmanoftheSupervisoryCommittee | Incumbent | Male | 49 | 15March2021 | 3December2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
YangGuobin | Supervisor | Incumbent | Male | 53 | 3December2018 | 3December2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LiJun | Supervisor | Incumbent | Male | 51 | 29November2018 | 3December2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ZhouBin | President | Incumbent | Male | 43 | 27March2020 | 27March2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LiHongtao | Vicepresident | Incumbent | Male | 54 | 27March2020 | 27March2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
WuYongjun | BoardSecreta | Incumbe | Mal | 47 | 27March | 27March | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
KonkaGroupCo.,Ltd.AnnualReport2021
IndicatebytickmarkwhetheranydirectorsorsupervisorsleftoranyseniormanagementweredisengagedduringtheReportingPeriod
√Yes□NoDuringtheReportingPeriod,theformerChairmanoftheSupervisoryCommitteeoftheCompanyMr.WangYoulairesignedthepostsofChairmanoftheSupervisoryCommitteeandSupervisorforjobchanges(retirement);theformerdirectoroftheCompanyMr.ZhangJingresignedthepostforjobchanges.ChangeofDirectors,SupervisorsandSeniorManagement
√Applicable□Notapplicable
ry
ry | nt | e | 2020 | 2023 | |||||||||
LiChunlei | CFO | Incumbent | Male | 49 | 27March2020 | 27March2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
YangBo | Vicepresident | Incumbent | Male | 52 | 27March2020 | 27March2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CaoShiping | Vicepresident | Incumbent | Male | 44 | 27March2020 | 27March2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
WangYoulai | Supervisor,chairmanoftheSupervisoryCommittee | Former | Male | 61 | 3December2018 | 15March2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ZhangJing | Director | Former | Male | 40 | 3December2018 | 11October2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LiZheng | Director | Former | Male | 44 | 1November2021 | 28February2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SunQingyan | Vicepresident | Former | Male | 50 | 27March2020 | 28February2022 | 26,000 | 0 | 0 | 0 | 0 | 0 | 26,000 |
Total | 26,000 | 0 | 0 | 0 | 0 | 0 | 26,000 |
KonkaGroupCo.,Ltd.AnnualReport2021
Name
Name | Officetitle | Typeofchange | Dateofchange | Reasonforchange |
WangYoulai | Supervisor,chairmanoftheSupervisoryCommittee | Left | 15March2021 | Resignedforjobchanges(retirement) |
CaiWeibin | Supervisor | Elected | 15March2021 | ElectedasSupervisorbytheshareholders’meeting |
CaiWeibin | ChairmanoftheSupervisoryCommittee | Elected | 15March2021 | ElectedasChairmanoftheSupervisoryCommitteebytheSupervisoryCommittee |
ZhangJing | Director | Left | 11October2021 | Resignedforjobchanges |
LiZheng | Director | Elected | 1November2021 | ElectedasDirectorbytheshareholders’meeting |
SunQingyan | Vicepresident | Dismissed | 28February2022 | Resignedforjobchanges |
LiZheng | Director | Left | 28February2022 | Resignedforjobarrangement |
YeXingbin | Director | Elected | 21March2022 | ElectedasDirectorbytheshareholders’meeting |
2.BiographicalInformationProfessionalbackgrounds,majorworkexperienceandcurrentdutiesintheCompanyoftheincumbentdirectors,supervisorsandseniormanagement:
1.DirectorLiuFengxi,male,ethnicgroupofHan,bornin1972,wastheChairmanoftheBoardwithamasterdegree.HeonceworkedasthemarketingGMforthemulti-mediadivisionofKonkaGroup,AssistantGMandthenViceGMofShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd.,ChiefoftheOperationManagementCenterofKonkaGroup,AssistanttoPresident,VicePresident,President,SecretaryofthePartyCommitteeandChairmanoftheBoardofKonkaGroup,ViceGMofOCTGroup,GMofShenzhenKonkaHoldingGroupCo.,Ltd.,etc.AndnowheisactingastheDirector,GM,DeputySecretaryoftheStandingCommitteeofOCTGroup,DeputyChairmanoftheBoardandDeputySecretaryofCPCofShenzhenOverseasChineseTownCo.,Ltd.,ChairmanoftheBoardofShenzhenKonkaHoldingGroupCo.,Ltd.andOCTNorthInvestmentCo.,Ltd.aswellastheBoardChairmanandCEOofKonkaGroup.YaoWei,Director,male,ethnicgroupofHan,bachelordegree,wasbornin1975.HeonceservedasChiefAccountantinCGNWindPowerCo.,Ltd.,ChiefAccountantinCGNNewEnergyHoldingsCo.,Ltd.,ViceGM(incharge)ofFinancialDepartment,GMofFinancialDepartment,GMofFinanceandAssetManagementDepartmentinChinaGeneralNuclearPowerCorporation.
KonkaGroupCo.,Ltd.AnnualReport2021
Currently,heactsasthememberoftheStandingCommitteeandChiefAccountantinOverseasChineseTownHoldingsCompany,ChairmanoftheBoardofOCT(Yunnan)InvestmentCo.,Ltd.,DirectorofChinaEverbrightBankCo.,Ltd.andKonkaGroup.ZhouBin,male,ethnicgroupofHan,bornin1979,wasthedirectorandpresidentoftheCompanywithabachelordegree.Heonceservedasthedirectorassistant,deputydirectoranddirectorinOperatingManagementCenterinKonkaGroup,assistantofthepresidentintheBoardofDirectors&DirectorinOperatingManagementCenterinKonkaGroupandPresidentofKonkaGroup.Now,heactsastheChairmanofShenzhenKonkaInvestmentHoldingsCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.andShenzhenOCTKangkongPrivateEquityFundManagementCo.,Ltd.,DirectorofShenzhenKonkaHoldingGroupCo.,Ltd.,andDirector,SecretaryofthePartyCommitteeandPresidentinKonkaGroup.YeXingbin,male,HanChinese,wasbornin1970,andholdsabachelor'sdegree.HepreviouslyservedasaSpecialDirectorattheOverseasChineseTownHoldingsCompany(OCTGroup),andwasamemberoftheStandingCommitteeoftheQiandongnanPrefectureofGuizhouProvince,theDeputyGovernorofthePrefectureGovernment,andtheDeputyPartySecretaryofthePartyCommitteeofKonkaGroup.HeiscurrentlytheDeputyPartySecretaryandDirectorofthePartyCommitteeofKonkaGroup.
2.IndependentDirectorSunShengdian,amalesenioreconomist,ethnicgroupofHan,bornin1955,wastheindependentdirectoroftheCompanywithadoctordegreeinengineering.FormerlyviceGM,deputysecretaryofthePartycommittee,GMandpresidentofShenzhenSEG,HitachiColorDisplayDevicesCo.,Ltd.,president,secretaryofPartyCommitteeofShenzhenSEGGroupCo.,Ltd.directorofShenzhenChinaStarOptoelectronicsTechnologyCo.,Ltd.,independentdirectorofSkyworthHoldingLtd.,thevicepresidentofShenzhenHuakongSEGCo.,Ltd.,andtheheadofShenzhenElectronicsIndustriesAssociation.Now,heservesastheindependentdirectorofKonkaGroup.WangShuguang,IndependentDirector,male,ethnicgroupofHan,wasbornin1971,PhDineconomics,professoranddoctoralsupervisor.HeservedasIndependentDirectorofYantaiRuralCommercialBank,JinanRuralCommercialBank,NingboYuyaoRuralCommercialBankandSDICZhonglu,andExternalSupervisorandConveneroftheBoardofSupervisorsofIndustrialBankCo.,Ltd.Currently,heservesasProfessorandDoctoralSupervisorintheSchoolofEconomicsofPekingUniversity,ExecutiveDeputyDirectoroftheInstituteforCulturalIndustries,PekingUniversityandIndependentDirectorofKonkaGroup.
KonkaGroupCo.,Ltd.AnnualReport2021
DengChunhua,IndependentDirector,female,ethnicgroupofHan,bornin1963,MBA,professorandmaster’ssupervisorofaccounting,CertifiedPublicAccountantinChina(non-practicingmember).SheservedasChiefAccountantandProjectManagerofWUYIGECertifiedPublicAccountsLLP,ZhongnanUniversityofEconomicsandLaw,MemberoftheFifthSessionoftheCorporateSpecialCommitteeoftheChineseAssociationofQuantitativeEconomicsandMemberoftheProfessionalJuryCommitteeofHubeiAdministrationofSport.FromJuly1984tillnow,shehasbeenteachingintheSchoolofAccountingofZhongnanUniversityofEconomicsandLawasAssistantLecturer,Lecturer,AssociateProfessorandProfessor.Currently,sheservesasIndependentDirectorofZhejiangGoldenseaHiTechCo.,Ltd,ZhejiangJinkeTomCultureIndustryCo.,Ltd.,WolongElectricGroupCo.,Ltd.,ZhejiangYouchuangMaterialTechnologyCo.,Ltd.andKonkaGroup.
3.SupervisorCaiWeibin,ChairmanoftheSupervisoryCommittee,male,ethnicgroupofHan,Master’sDegree,wasbornin1973.HeonceservedasviceGM,deputysecretaryofthePartyCommitteeandSecretaryofCommitteeforDisciplineInspectioninChongqingOCTIndustryDevelopmentCo.,Ltd.ViceMinisterofDisciplineInspectionandSupervisionandDirectoroftheDisciplineInspectionOfficeinOverseasChineseTownHoldingsCompanyCurrently,heactsasGMofLegalComplianceDepartmentinOverseasChineseTownHoldingsCompanyandChairmanoftheSupervisoryCommitteeofKonkaGroup.YangGuobin,Supervisor,male,wasbornin1969,Bachelor’sDegree,CertifiedPublicAccountant.HeservedasDeputyDirectoroftheFinanceDepartmentofOCTGroup,CFOofKonkaGroupandDeputyDirectoroftheCorporateManagementDepartmentofOCTGroup.Currently,heservesasafull-timeexternalDirectorofBoardOfficeinOCTGroupandSupervisorofKonkaGroup.LiJun,male,ethnicgroupofHan,bornin1971,memberofCommunistParty,wasanemployeesupervisoroftheCompanywithabachelordegree.FormerlyworkedasthefinancialmanagerofNanchangBranchofTelecommunicationsTechnologyCo.,Ltd.,SeniorManageroftheFinancialDepartmentinTelecommunicationsTechnologyCo.,Ltd.,theSeniorManagerandassistanttothechiefanddeputydirectorofAuditingandLegalAffairsDepartmentinKonkaGroup,leaderofdisciplineinspectioncommissionofKonkaGroup,andemployeesupervisorofthe8
thSupervisoryCommitteeofKonkaGroup.PresentlyworkingasthedeputysecretaryofdisciplineinspectioncommissionofKonkaGroup,Generalcounsel,OfficeDirectorofdisciplineInspectionCommission,ChiefoftheAuditingandLegalAffairsDepartmentandEmployeeSupervisorof
KonkaGroupCo.,Ltd.AnnualReport2021
KonkaGroup.
4.SeniorExecutiveZhouBin,male,ethnicgroupofHan,bornin1979,wasthedirectorandpresidentoftheCompanywithabachelordegree.Heonceservedasthedirectorassistant,deputydirectoranddirectorinOperatingManagementCenterinKonkaGroup,assistantofthepresidentintheBoardofDirectors&DirectorinOperatingManagementCenterinKonkaGroupandPresidentofKonkaGroup.Now,heactsastheChairmanofShenzhenKonkaInvestmentHoldingsCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.andShenzhenOCTKangkongPrivateEquityFundManagementCo.,Ltd.,DirectorofShenzhenKonkaHoldingGroupCo.,Ltd.,andDirector,SecretaryofthePartyCommitteeandPresidentinKonkaGroup.LiHongtao,male,Hannationality,bornin1968,wasthevicepresidentoftheCompanywithabachelordegree.HesuccessivelytookthepostsuchasAssistanttoGM,GM,ChairmanoftheBoardandGMofShenzhenKonkaTelecommunicationTechnologyCo.,LtdandAssistanttoPresidentandvicepresidentofKonkaGroupetc.HenowisactingasVicePresidentofKonkaGroup.WuYongjun,male,Hannationality,bornin1975,wastheBoardSecretarywithamasterdegree.FormerlyheworkedastheseniormanagerofSecretariat,assistanttothechief,vicechief,chief,SecuritiesAffairsrepresentativeandBoardSecretaryinKonkaGroup.PresentlyheisworkingasthesecretaryoftheboardofdirectorsofKonkaGroup.LiChunlei,male,Hannationality,bornin1973,wastheCFOoftheCompanywithamasterdegree.OnceservedasthedirectorinRealEstateBusinessDivisioninKonkaGroup,viceGMandGMinKunshanKangshengInvestmentDevelopmentCo.,Ltd.,deputydirector(presidethework)anddirectorinStrategicDevelopmentCenter,GMinFinancialCenterandGMinAssetSettlementCenterandCFOofKonkaGroup.nowheactsastheCFOinKonkaGroup.YangBo,male,Hannationality,bornin1970,wasthevicepresidentoftheCompanywithamasterdegree.OnceservedasthedirectorinShenzhenCableTelevisionEducationFinancialChannel,directorinthemarketsalesandsupportregionofUSTailiyangCommunicationsCompany,GMinProgramOperatingDepartmentinShenzhenTopwayVideoCommunicationCo.,Ltd.,directorandGMinShenzhenTianhuaCenturyMediaCo.,Ltd.,GMinMarketSalesCenterinShenzhenTopwayVideoCommunicationCo.,Ltd.andvicepresidentofKonkaGroup.NowheactsasthevicepresidentinKonkaGroup.CaoShiping,male,Hannationality,bornin1978,wasthevicepresidentoftheCompanywithamasterdegree.OnceservedastheGMinJinzhouBranchandTianjinBranchofKonkaGroupMulti-media,GMinMulti-mediaBusinessDivisionCustomerCooperationDepartment,viceGMinMulti-mediaMarketingBusinessDivision,viceGMinMulti-mediaBusinessDivisionandGM
KonkaGroupCo.,Ltd.AnnualReport2021
inMarketingCenter,GMinMulti-mediaBusinessDivision,GMinInternetBusinessDivisionandvicepresidentofKonkaGroup.NowheactsasthevicepresidentinKonkaGroup.Officesheldconcurrentlyinshareholdingentities:
√Applicable□Notapplicable
Name
Name | Shareholdingentity | Officeheldintheshareholdingentity | Startoftenure | Endoftenure | Remunerationorallowancefromtheshareholdingentity |
LiuFengxi | OCTGroup | Director,DeputySecretaryofCPC,GM | 21May2021 | Yes | |
LiuFengxi | ShenzhenOverseasChineseTownCo.,Ltd. | DeputyChairmanoftheBoard,DeputySecretaryofCPC | 11September2021 | ||
LiuFengxi | ShenzhenKonkaHoldingGroupCo.,Ltd. | ChairmanoftheBoard | 9October2021 | ||
LiuFengxi | OCTNorthInvestmentCo.,Ltd. | ChairmanoftheBoard | 18December2021 | ||
YaoWei | OCTGroup | PartyCommitteeStandingCommitteeandChiefAccountant | 3July2020 | Yes | |
YaoWei | OCT(Yunnan)InvestmentCo.,Ltd | ChairmanoftheBoard | 25November2021 | ||
ZhouBin | ShenzhenKonkaHoldingGroupCo.,Ltd. | Director | 14April2020 | ||
CaiWeibin | OCTGroup | GMofLegalComplianceDepartment | 1December2020 | Yes | |
YangGuobin | OCTGroup | Full-timeexternaldirectorinBoardOffice | 7March2018 | Yes | |
Notes | 1.Excepttheabovesituation,otherdirectors,supervisorsandseniormanagementdidn’tholdanypositionintheshareholders’units.2.ItisunknowntheendingdateofthepostsofMr.LiuFengxi,Mr.YaoWei,Mr.CaiWeibin,Mr.ZhouBinandMr.yangGuobinheldintheshareholders’units. |
Officesheldconcurrentlyinotherentities:
√Applicable□Notapplicable
Name | Otherentity | Officeheldin | Startoftenure | Endoftenure | Remunerationor |
KonkaGroupCo.,Ltd.AnnualReport2021
theentity
theentity | allowancefromtheentity | ||||
YaoWei | ChinaEverbrightBankCo.,Ltd | Director | 10February2021 | ||
WangShuguang | SchoolofEconomicsofPekingUniversity | Professor | Yes | ||
WangShuguang | InstituteforCulturalIndustriesofPekingUniversity | Deputydirector | |||
DengChunhua | ZhongnanUniversityofEconomicsandLaw | Professor | Yes | ||
DengChunhua | ZhejiangGoldenseaHiTechCo.,Ltd | Independentdirector | 15May2019 | Yes | |
DengChunhua | ZhejiangJinkeCultureIndustryCo.,Ltd. | Independentdirector | 8July2020 | Yes | |
DengChunhua | WolongElectricGroupCo.,Ltd. | Independentdirector | 8September2020 | Yes | |
DengChunhua | ZhejiangYouchuangMaterialTechnologyCo.,Ltd. | Independentdirector | |||
Notes | None |
Punishmentsimposedintherecentthreeyearsbythesecuritiesregulatorontheincumbentdirectors,supervisorsandseniormanagementaswellasthosewholeftintheReportingPeriod:
□Applicable√Notapplicable
3.RemunerationofDirectors,SupervisorsandSeniorManagementDecision-makingprocedure,determinationbasisandactualpaymentsofremunerationfordirectors,supervisorsandseniormanagement:
ThesalaryofdirectorsandsupervisorsoftheCompanyshouldbesubmittedtotheshareholdersmeetingforreviewaftertheapprovalandconsentbytheBoardofdirectors.ReferredtothesalaryleveloftheDirectorsandSupervisorofthedomesticlistedcompaniesofsameindustry,thesalaryproposaloftheDirectorandSupervisorsoftheCompanywhichapprovedandreviewedbythe2
nd
ExtraordinaryGeneralMeetingof2015wereasfollows:(1)thebasicannualsalarystandardoftheBoardChairmanwasofRMB1.2million,thesubsidystandardofotherDirectors(excludingtheDirectorsservingintheCompany)wasofRMB0.3millionperpersonperyearandthesubsidystandardoftheSupervisors(excludingtheEmployeeSupervisors)wasofRMB0.2millionperpersonperyear;whichwasexecutedsinceJune2015.(2)theabovestandardswereallpre-taxstandardwiththeindividualincometaxburdenedinpersonaswellastheCompanywithheldandremittedtax.Othertreatmentforindependentdirectors:travelexpensewhentheywenttoattendtheBoard
KonkaGroupCo.,Ltd.AnnualReport2021
sessions,SupervisorysessionsorShareholders’GeneralMeetingsandtheexpenseswhentheywereperformingtheirdutiesasstipulatedintherelevantregulationsandtheArticlesofAssociationandotherrelevantsystems,allthesecouldbereportedfordeletion.TheBoardofDirectorsdeterminedtheremunerationofseniormanagementstaffsreferringtothefollowingfactors:a.scopeofjobsandresponsibilityshouldered;b.actualprofitoftheCompany;c.marketremunerationlevelinthesameindustryandsamearea.Remunerationofthedirectors,supervisorsandseniormanagementoftheCompanyduringtheReportingPeriod
Unit:RMB'0,000
Name
Name | Officetitle | Gender | Age | Incumbent/Former | Totalbefore-taxremunerationfromtheCompany | Anyremunerationfromrelatedparty |
LiuFengxi | ChairmanoftheBoard,CEO | Male | 50 | Incumbent | Yes | |
YaoWei | Director | Male | 47 | Incumbent | Yes | |
ZhouBin | Director,President | Male | 41 | Incumbent | 538.14 | No |
YeXingbin | Director,DeputySecretaryofCPC | Male | 52 | Incumbent | 217.36 | No |
SunShengdian | Independentdirector | Male | 67 | Incumbent | 30 | No |
WangShuguang | Independentdirector | Male | 51 | Incumbent | 30 | No |
DengChunhua | Independentdirector | Female | 59 | Incumbent | 30 | No |
CaiWeibin | ChairmanoftheSupervisoryCommittee | Male | 49 | Incumbent | Yes | |
YangGuobin | Supervisor | Male | 53 | Incumbent | Yes | |
LiJun | EmployeeSupervisor | Male | 51 | Incumbent | 142.95 | No |
LiHongtao | Vicepresident | Male | 54 | Incumbent | 275.13 | No |
WuYongjun | BoardSecretary | Male | 47 | Incumbent | 267.91 | No |
LiChunlei | CFO | Male | 49 | Incumbent | 292.97 | No |
YangBo | Vicepresident | Male | 50 | Incumbent | 266.94 | No |
CaoShiping | Vicepresident | Male | 44 | Incumbent | 292.99 | No |
WangYoulai | ChairmanoftheSupervisoryCommittee | Male | 61 | Former | Yes | |
ZhangJing | Director | Male | 40 | Former | Yes | |
LiZheng | Director | Male | 44 | Former | Yes |
KonkaGroupCo.,Ltd.AnnualReport2021
SunQingyan
SunQingyan | Vicepresident | Male | 50 | Former | 261.90 | No |
Total | -- | -- | -- | -- | 2,646.29 | -- |
VIPerformanceofDutybyIndependentDirectorsintheReportingPeriod
1.BoardMeetingConvenedduringtheReportingPeriod
Meeting | Dateofthemeeting | Disclosuredate | Meetingresolutions |
The38thMeetingofthe9thBoardofDirectors | 2021-1-15 | ResolutionontheIncentiveSchemeforSpecialContribution;ResolutiononApplyingforGeneralCreditLimitfromShenzhenBranch,ChinaGuangfaBankCo.,Ltd. | |
The39thMeetingofthe9thBoardofDirectors | 2021-2-26 | 2021-2-27 | Resolutionsofthe39thmeetingoftheninthBoardofDirectors.ResolutiononInvestingintheProjectofConstructingHeadquartersforKonkaSmartHomeAppliance;ResolutiononInvestingintheProjectofConstructingKonkaSilkRoadScienceandTechnologyCity. |
The40thMeetingofthe9thBoardofDirectors | 2021-3-22 | 2021-3-24 | Resolutionsofthe40thmeetingoftheninthBoardofDirectors;ResolutiononApplyingforGeneralCreditLimitfromChinaResourcesBankofZhuhaiCo.,Ltd.(CRBC);ResolutiononApplyingforGeneralCreditLimitfromShenzhenRuralCommercialBank(SRCB);ResolutiononApplyingforGeneralCreditLimitfromBankofBeijingCo.,Ltd.(BOB);ResolutiononApplyingforGeneralCreditLimitfromChinaConstructionBank(CCB);ResolutiononApplyingforGeneralCreditLimitfromChinaBohaiBankCo.,Ltd.;ResolutiononApplyingforGeneralCreditLimitfromGuangdongHuaxingBank;ResolutiononApplyingforGeneralCreditLimitfromBankofHangzhou;ResolutiononApplyingforGeneralCreditLimitfromtheShenzhenBranch,HuaXiaBankCo.,Ltd.;ResolutiononApplyingforGeneralCreditLimitfromtheShanghaiPudongDevelopmentBank(SPDbank);ResolutiononApplyingforGeneralCreditLimitfromIndustrialBankCo.,Ltd.;ResolutiononApplyingforGeneralCreditLimitfromAgriculturalBankofChina(ABC). |
The41stMeetingofthe9thBoardofDirectors | 2021-4-28 | 2021-4-29 | Resolutionsofthe41stmeetingoftheninthBoardofDirectors |
The42ndMeetingofthe9thBoardofDirectors | 2021-5-28 | 2021-6-1 | Resolutionsofthe42ndmeetingoftheninthBoardofDirectors |
The43rdMeetingofthe9th | 2021-7-16 | ResolutionontheAnnualIncentiveandSalaryPlanfor2020fortheCompany'sManagementTeam;ResolutiononApplyingforGeneralCreditLimitfromChinaEverbrightBank |
KonkaGroupCo.,Ltd.AnnualReport2021
BoardofDirectors
BoardofDirectors | |||
The44thMeetingofthe9thBoardofDirectors | 2021-8-2 | 2021-8-3 | Resolutionsofthe44thmeetingoftheninthBoardofDirectors |
The45thMeetingofthe9thBoardofDirectors | 2021-8-26 | Resolutionsofthe45thmeetingoftheninthBoardofDirectors;ResolutiononMakingDonationstoHelpAlleviatePovertyinGuangdongProvince. | |
The46thMeetingofthe9thBoardofDirectors | 2021-9-10 | 2021-9-11 | Resolutionsofthe46thmeetingoftheninthBoardofDirectors |
The47thMeetingofthe9thBoardofDirectors | 2021-10-13 | 2021-10-15 | Resolutionsofthe47thmeetingoftheninthBoardofDirectors;ResolutionontheListingTransferof49%EquityinKunshanKonkaElectronicCo.,Ltd.;ResolutiononApplyingforGeneralCreditLimitfromShenzhenBranch,ChinaMinshengBank;ResolutiononApplyingforGeneralCreditLimitfromtheHongkongandShanghaiBankingCorporationLimited;ResolutiononApplyingforGeneralCreditLimitfromChiyuBankingCorporationLimited. |
The48thMeetingofthe9thBoardofDirectors | 2021-10-27 | Resolutionsofthe48thmeetingoftheninthBoardofDirectors | |
The49thMeetingofthe9thBoardofDirectors | 2021-11-5 | 2021-11-6 | Resolutionsofthe49thmeetingoftheninthBoardofDirectors |
The50thMeetingofthe9thBoardofDirectors | 2021-11-24 | 2021-11-26 | ResolutiononParticipatingintheAuctionforLandUseRightsinBishanDistrict,Chongqing;ResolutiononInvestmentinConstructingKonkaDigitalEconomyIndustrialPark;ResolutionontheListingTransferof100%EquityinKonkaFinancialLease(Tianjin)Co.,Ltd.;ResolutiononApplyingforGeneralCreditLimitfromBankofDongguan;ResolutiononChongqingKonkaOptoelectronicTechnologyResearchInstituteCo.,Ltd.ProvidingLoanstotheShareholdersaccordingtothePercentageofEquityInterestOwnershipRation. |
The51stMeetingof | 2021-12-10 | Resolutionsofthe51stmeetingoftheninthBoardofDirectors |
KonkaGroupCo.,Ltd.AnnualReport2021
the9
thBoardofDirectors
the9thBoardofDirectors | |||
The52ndMeetingofthe9thBoardofDirectors | 2021-12-27 | Resolutionsofthe52ndmeetingoftheninthBoardofDirectors;ResolutiononApplyingforGeneralCreditLimitfromIndustrialandCommercialBankofChina(ICBC);ResolutiononApplyingforGeneralCreditLimitfromChinaCITICBank;ResolutiononApplyingforGeneralCreditLimitfromBankofNingbo;ResolutiononApplyingforGeneralCreditLimitfromChinaZheshangBankCo.,Ltd.;ResolutiononApplyingforGeneralCreditLimitfromEvergrowingBankCo.,Ltd.;ResolutiononApplyingforGeneralCreditLimitfromBankofBeijingCo.,Ltd.;ResolutiononApplyingforGeneralCreditLimitfromBankofCommunications;ResolutiononApplyingforGeneralCreditLimitfromBankofChina; |
2.AttendanceofDirectorsatBoardMeetingsandGeneralMeetings
Attendanceofdirectorsatboardmeetingsandgeneralmeetings | |||||||
Director | Totalnumberofboardmeetingsthedirectorwaseligibletoattend | Boardmeetingsattendedonsite | Boardmeetingsattendedbywayoftelecommunication | Boardmeetingsattendedthroughaproxy | Boardmeetingsthedirectorfailedtoattend | Thedirectorfailedtoattendtwoconsecutiveboardmeetings(yes/no) | Generalmeetingsattended |
LiuFengxi | 15 | 2 | 13 | 0 | 0 | No | 1 |
YaoWei | 15 | 2 | 13 | 0 | 0 | No | 0 |
ZhangJing | 9 | 1 | 8 | 0 | 0 | No | 0 |
ZhouBin | 15 | 2 | 13 | 0 | 0 | No | 4 |
SunShengdian | 15 | 2 | 13 | 0 | 0 | No | 3 |
WangShuguang | 15 | 1 | 14 | 0 | 0 | No | 0 |
DengChunhua | 15 | 2 | 13 | 0 | 0 | No | 0 |
LiZheng | 4 | 0 | 4 | 0 | 0 | No | 0 |
Whyanydirectorfailedtoattendtwoconsecutiveboardmeetings:
Notapplicable
3.ObjectionsRaisedbyDirectorsonMattersoftheCompanyIndicatebytickmarkwhetheranydirectorsraisedanyobjectionsonanymatteroftheCompany.
□Yes√NoNosuchcasesintheReportingPeriod.
4.OtherInformationaboutthePerformanceofDutybyDirectorsIndicatebytickmarkwhetheranysuggestionsfromdirectorswereadoptedbytheCompany.
√Yes□NoSuggestionsfromdirectorsadoptedornotadoptedbytheCompany:
KonkaGroupCo.,Ltd.AnnualReport2021
DuringtheReportingPeriod,theDirectorsoftheCompanyvigorouslyattendedtherelevantmeetings,carefullyreviewedeachproposal,objectivelystatedtheirownviewsandopinions,gainedinsightintothepresentsituationofbusinessesoftheCompany,theR&Dandbrandbuildingprogress,theoperatingsituation,andtheexecutionsituationoftheinternalcontrolconstructionandtheresolutionsofthemeetingsoftheBoardofDirectorsaswellastheAnnualGeneralMeeting.DirectorsoftheCompanyputforwardtheconstructiveadvicesbyuseoftheirownprofessionalknowledgetowardstheinternalmanagement.TheCompanycarefullyadoptedtheadvicesfromtheDirectorsandconstantlyimprovedandenhancedthemanagementleveloftheCompany.VIIPerformanceofDutiesbySpecializedCommitteesundertheBoardduringthisReportingPeriod
Committ
ee
Committee | Members | Numberofmeetingsconvened | Conveneddate | Content | Importantopinionsandsuggestionsraised | Otherinformationabouttheperformanceofduty | Detailsaboutissueswithobjections(ifany) |
AuditCommittee | DengChunhua,YaoWei,WangShuguang | 6 | 2021-1-13 | Thearrangementofthe2020annualauditandtheunaudited2020annualfinancialstatementsoftheCompanywerediscussedanddeliberatedwiththecertifiedpublicaccountants(CPA)fortheannualaudit. | 1.Thearrangementoftheauditworkonthe2020AnnualReportoftheCompanywasapproved.2.Itwasconsentedthattheunaudited2020annualfinancialstatementsshallbeprovidedtotheCPAfortheannualaudit.3.ItisrequiredthatShineWingCertifiedPublicAccountants(specialgeneralpartnership)shouldcarryouttheauditinginstrictaccordancewiththerequirementsoftheChinaPracticeStandardsforCertifiedPublicAccountants,andshouldpromptlycommunicatewiththeCommitteeifmajorproblemsarediscovered. | ||
2021-3-1 | TheCPAsforannualauditwereengagedforthediscussionandreviewoftheCompany'sfinancialstatementsaftertheyhaveissuedpreliminaryauditopinions. | Noobjectionwasmadetothe2020annualfinancialstatementsoftheCompanypreliminarilyauditedbyShineWingCertifiedPublicAccountants(specialcommonpartnership). | |||||
2021-3-12 | CommunicationsweremadewiththeInternalAuditDepartmentoftheCompany;the2020annualauditperformedbyShineWingCertifiedPublic | 1.The2020annualauditperformedbyShineWingCertifiedPublicAccountants(specialcommonpartnership)wassatisfying.2.Noobjectionwasmadetothe2020AuditReportissuedbyShineWingCertifiedPublicAccountants(specialcommonpartnership).3.ItwasproposedthatShineWingCertifiedPublic |
KonkaGroupCo.,Ltd.AnnualReport2021
Accountants(specialcommonpartnership)wasappraised;the2020annualfinancialstatementswerereviewedandretentionoftheaccountingfirmwasdeliberated.
Accountants(specialcommonpartnership)wasappraised;the2020annualfinancialstatementswerereviewedandretentionoftheaccountingfirmwasdeliberated. | Accountants(specialcommonpartnership)beretainedforfurtherserviceastheauditinstitutionoftheCompany's2021annualfinancialstatementsandinternalcontrolauditinstitution. | ||||
2021-4-18 | 2021Q1financialstatementsoftheCompany | Noobjectionwasmadetothe2021Q1financialstatementsoftheCompany. | |||
2021-8-26 | 2021interimfinancialstatementsoftheCompany | Noobjectionwasmadetothe2021interimfinancialstatementsoftheCompany. | |||
2021-10-17 | 2021Q3financialstatementsoftheCompany | Noobjectionwasmadetothe2021interimfinancialstatementsoftheCompany. | |||
RemunerationandAppraisalCommittee | SunShengdian,LiuFengxi,ZhouBin,WangShuguang,DengChunhua | 4 | 2021-1-4 | TheIncentiveSchemeforSpecialContributionforSomeSeniorExecutivesoftheCompanywasaudited. | ItwasconsentedthattheIncentiveSchemeshallbesubmittedtotheboardmeetingfordiscussion. |
2021-3-22 | Remunerationsofdirectors,supervisorsandseniormanagementasdisclosedwereaudited. | Remunerationsofdirectors,supervisorsandseniormanagementasdisclosedintheCompany's2020AnnualReportweretrue.Remunerationsofdirectors,supervisorsandseniormanagementasdisclosedwereconsistentwiththeCompany'ssalarymanagementpolicyandnoviolationwasfound. | |||
2021-7-6 | The2020BonusAnnualPaySchemeoftheCompany'smanagementteamwasaudited. | ItwasconsentedthattheBonusSchemeshallbesubmittedtotheboardmeetingfordiscussion. | |||
2021-12-1 | TheCompany'sRemunerationandPerformanceAssessmentPolicywasaudited. | ItwasconsentedthattheRemunerationandPerformanceAssessmentPolicyshallbesubmittedtotheboardmeetingfordiscussion. | |||
NominationCommittee | SunShengdian,LiuFengxi,WangShuguang,DengChunhua | 2 | 2021-9-30 | SelectionofnewdirectorsfortheninthBoardofDirectors. | ItwasagreedthatMr.LiZhengwasnominatedasacandidatefornon-independentdirectoroftheCompany'sninthBoardofDirectors,andtheproposalwouldbesubmittedtotheboardmeetingoftheCompanyfordeliberation. |
KonkaGroupCo.,Ltd.AnnualReport2021
SunShengdian,LiuFengxi,ZhouBin,WangShuguang,DengChunhua
SunShengdian,LiuFengxi,ZhouBin,WangShuguang,DengChunhua | 2021-12-1 | Therecruitingandselectingprogramformembersofmanagerswasaudited. | ItwasconsentedthattheRecruitingandSelectingProgramwouldbesubmittedtotheboardmeetingfordiscussion. | ||
StrategicCommittee | LiuFengxi,YaoWei,ZhouBin,LiZheng,SunShengdian | 1 | 2021-12-17 | The14thFive-YearPlanforKonkaGroupwasdeliberated. | Itwasconsentedthatthe14thFive-YearPlanwouldbesubmittedtotheboardmeetingofKonkaGroupfordeliberation. |
VIIIPerformanceofDutybytheSupervisoryCommitteeIndicatebytickmarkwhethertheSupervisoryCommitteefoundanyrisktotheCompanyduringitssupervisionintheReportingPeriod.
□Yes√NoTheSupervisoryCommitteeraisednoobjectionsintheReportingPeriod.IXEmployees
1.Number,FunctionsandEducationalBackgroundsofEmployees
Numberofin-serviceemployeesoftheCompanyastheparentattheperiod-end | 1,707 |
Numberofin-serviceemployeesofmajorsubsidiariesattheperiod-end | 14,531 |
Totalnumberofin-serviceemployeesattheperiod-end | 16,238 |
TotalnumberofpaidemployeesintheReportingPeriod | 16,238 |
NumberofretireestowhomtheCompanyastheparentoritsmajorsubsidiariesneedtopayretirementpensions | 0 |
Functions | |
Function | Employees |
Production | 9,037 |
Sales | 3,599 |
Technical | 1,505 |
KonkaGroupCo.,Ltd.AnnualReport2021
Financial
Financial | 695 |
Administrative | 1,402 |
Total | 16,238 |
Educationalbackgrounds | |
Educationalbackground | Employees |
Masterandabove | 389 |
Bachelor | 3,401 |
Juniorcollege | 4,379 |
Highschoolandbelow | 8,069 |
Total | 16,238 |
2.EmployeeRemunerationPolicyTheCompanypromulgateditsremunerationsystemwiththeoperatingstrategyofservingfortheenterprisedevelopmentandenhancement,andtheprincipleofdecidingtheremunerationaccordingtothepost,businessperformanceandcapabilities,aswellasthemarketcompetitivenessandinternalfairness.Anditdecidedtheemployee’sremunerationlevelaccordingtoitsbusinessearnings,thepostsandfulfillmentofthebusinessperformanceoftheemployee.
3.EmployeeTrainingPlansTheCompanyadheredtothepeople-orientedandpaidspecialattentiontocultivatethetalents.Surroundedbythebusinessdevelopmentandtheconstructionoftalentteam,theCompanyactivelyorganizedandcarriedoutvarioustrainingactivities,andcontinuouslyperfecteditstalentscultivationsystem,aswellasfurtherenhancedtheemployee’sprofessionalskillsandoverallquality,soastostrengthentheconstructionofmanagementtalents,professionaltalentsandtechnicaltalentsteams.In2021,theCompanywasdriventobooststrategyandsupportbusinesses,andcentereditssuperiorresourcesonthecultivationofcrucialcoretalents.Focusingonthepersonneltrainingsystemof"ThreeTiersandSevenBrands",KonkaopenclasseshavebeenorganizedthroughouttheyearforallemployeesoftheCompany;andorganizedandcarriedoutthenewemployee’straining&cultivationprojectsrespectivelyforthegraduatesfromcampusrecruitingandpersonnelfromsocialrecruitment.Meanwhile,itcentralizedtoorganizethepointedthetrainingprojectsofgeneralmanagementskillsandpostprofessionalknowledge,etcforthepersonnelfrommarketing,R&D,manufacturing,financialandhumanresourcessystems.
4.LaborOutsourcing
□Applicable√NotapplicableXProfitDistributions(intheFormofCashand/orStock)Howtheprofitdistributionpolicy,especiallythecashdividendpolicy,wasformulated,executedorrevisedintheReportingPeriod:
KonkaGroupCo.,Ltd.AnnualReport2021
√Applicable□NotapplicableThecashdividendpolicyoftheCompanywasclearlystatedinitsArticlesofAssociation,withspecificandcleardividendstandardsandratios.Therelevantdecision-makingprocedureandmechanismweresound;theindependentdirectorsfaithfullyperformedtheirdutiesandplayedtheirduerole;andthenon-controllinginterestswereabletofullyexpresstheiropinionanddesireandtheirlegalrightsandinterestswerefullyprotected.TheCompanystrictlyfollowedthecashdividendpolicyinitsArticlesofAssociation,andthecashdividendpayoutoftheCompanywasinlinewithitsArticlesofAssociationandtherelevantresolutionoftheShareholders’Meeting.AccordingtotherequirementsoftheListedCompanySupervisionGuidelineNo.3-ListedCompanies’CashDividendissuedbytheCSRC,theCompanyhasrevisedthedividendpayoutpolicyinitsArticlesofAssociation,furtherclarifyingthepriorityandproportionofcashdividendindividendpayouts.Inordertofurthernormalizeitsshareholderreturnmechanism,pushforwardtheestablishmentofascientific,sustainedandstableshareholderreturnmechanism,enhancethetransparencyandoperabilityofdecision-makingforitsdividendpayoutpolicy,andeffectivelyprotectthelegalrightsandinterestsofpublicinvestors,theCompanystrictlyfollowedtheShareholderReturnPlanningforSubsequentThreeYears(2019-2021),whichwasformulatedin2019.
Specialstatementaboutthecashdividendpolicy
Specialstatementaboutthecashdividendpolicy | |
IncompliancewiththeCompany’sArticlesofAssociationandresolutionofgeneralmeeting | Yes |
Specificandcleardividendstandardandratio | Yes |
Completedecision-makingprocedureandmechanism | Yes |
Independentdirectorsfaithfullyperformedtheirdutiesandplayedtheirduerole | Yes |
Non-controllinginterestsareabletofullyexpresstheiropinionanddesireandtheirlegalrightsandinterestsarefullyprotected | Yes |
Incaseofadjustingorchangingthecashdividendpolicy,theconditionsandproceduresinvolvedareincompliancewithapplicableregulationsandtransparent | Yes |
IndicatebytickmarkwhethertheCompanyfailstoputforwardacashdividendproposalforshareholdersdespitethefactsthattheCompanyhasmadeprofitsintheReportingPeriodandtheprofitsoftheCompanyastheparentdistributabletoshareholdersarepositive.
□Applicable√NotapplicableFinalDividendPlanfortheReportingPeriod
√Applicable□Notapplicable
Sharedividendper10sharesfromretainedearnings(share) | 0 |
Cashdividendper10shares(RMB)(taxinclusive) | 0.50 |
Sharebase(share) | 2,407,945,408 |
Totalcashdividends(RMB)(taxinclusive) | 120,397,270.40 |
KonkaGroupCo.,Ltd.AnnualReport2021
Cashdividendsinotherways(suchassharerepurchase)(RMB)
Cashdividendsinotherways(suchassharerepurchase)(RMB) | 0.00 |
Totalcashdividends(includingotherways)(RMB) | 120,397,270.40 |
Distributableprofits(RMB) | 5,229,098,788.94 |
Cashdividendsasapercentageoftotalprofitstobedistributed(%) | 100% |
DetailsofcashdividendfortheReportingPeriod | |
Theminimumproportionofcashdividendtothisprofitdistributionshouldbe80%whentheCompanydistributedtheprofitsundertheconditionthattheCompanywasinmaturestagewithlargecapitalcost. | |
Detailsabouttheproposalforprofitdistributionandconvertingcapitalreserveintosharecapital | |
Inthecompany's2021auditedconsolidatedfinancialstatements,thenetprofitattributabletotheownershareholdersoftheparentcompanyisRMB905,352,997.68,andtheundistributedprofitisRMB5,229,098,788.94.Thenetprofitintheauditedfinancialstatementsoftheparentcompanyin2021is324,592,545.67yuan,andtheundistributedprofitis2,724,187,542.59yuan.Accordingtotheprovisionsofrelevantlawsandregulations,thearticlesofassociationandthelong-termdevelopmentneedsofthecompany,theprofitdistributionplanfor2021isasfollows:1.Setaside10%ofthestatutorysurplusreserveaccordingtothenetprofitoftheparentcompany'sauditedfinancialstatementsin2021,withanamountofRMB32,459,254.57,withoutwithdrawinganyreservefund.2.Basedonthetotalsharecapitalof2,407,945,408sharesattheendof2021,cashdividendof0.50Yuan(includingtax)willbedistributedtoallshareholdersforevery10shares.Itisestimatedthatthecashdividendtobedistributedwillbe120,397,270.40yuan.Donotwithdrawstatutorysurplusreservefundandarbitraryreservefund.IfthesharecapitaloftheCompanychangesaftertheboardofDirectorsconsiderstheprofitdistributionplan,theamountofcashdividendpersharewillbeadjustedaccordingtotheprincipleofunchangedtotaldistribution. |
XIEquityIncentivePlans,EmployeeStockOwnershipPlansorOtherIncentiveMeasuresforEmployees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIIEstablishmentandExecutionoftheInternalControlSystemfortheReportingPeriod
1.EstablishmentandExecutionoftheInternalControlSystemTheCompanyhasestablishedandimprovedtheCompany'sinternalcontrolsysteminaccordancewiththeregulationsoftheChinaSecuritiesRegulatoryCommissionandtheShenzhenStockExchange,followingthebasicprinciplesofinternalcontrol,andonthebasisoftheCompany'sactualsituation.TheCompany'sFinancialAuditCommittee,andAuditandLegalAffairsCenterfollowtheguidanceofvaluemanagement,seekthegoalofstrengtheningriskmanagementandcontrol,continuouslyenhanceauditsupervisionandinternalcontrolevaluation,therebyscrutinizingandevaluatingtheCompany'sinternalcontrolmanagement.TheCompany's2021AnnualInternalControlSelf-AssessmentReportcomprehensively,factuallyandaccuratelyreflectstheactualsituationoftheCompany'sinternalcontrol.DuringtheReportingPeriod,theCompanyhadnomajororsignificantdeficienciesinitsinternalcontrol.
KonkaGroupCo.,Ltd.AnnualReport2021
2.MaterialInternalControlWeaknessesIdentifiedfortheReportingPeriod
□Yes√NoXIIIManagementandControloverSubsidiariesbytheCompanyfortheReportingPeriod
Subsidiary
Subsidiary | Integrationplan | Integrationprogress | Problem | Countermeasurestaken | Settlementprogress | Follow-upsettlementplan |
N/A | N/A | N/A | N/A | N/A | N/A | N/A |
XIVInternalControlSelf-EvaluationReportorIndependentAuditor’sReportonInternalControl
1.InternalControlSelf-EvaluationReport
Disclosuredateoftheinternalcontrolself-evaluationreport | 30March2022 | ||
Indextothedisclosedinternalcontrolself-evaluationreport | http://www.cninfo.com.cn/new/index | ||
Evaluatedentities’combinedassetsas%ofconsolidatedtotalassets | 90.00% | ||
Evaluatedentities’combinedoperatingrevenueas%ofconsolidatedoperatingrevenue | 90.00% | ||
Identificationstandardsforinternalcontrolweaknesses | |||
Type | Weaknessesininternalcontroloverfinancialreporting | Weaknessesininternalcontrolnotrelatedtofinancialreporting | |
Naturestandard | Thosewiththefollowingcharacteristicsshouldberecognizedasgreatdefect:(1)foundoutthereweremalpracticesoftheDirectors,SupervisorsandSeniorExecutivesoftheCompanythatformedsignificantinfluencesonthefinancialreport;(2)theCompanyrevisedthepublishedfinancialreportandrevisedthegreatmisstatementscausedbythemalpracticesorthemistakes;(3)CPAfoundouttherewasgreatmisstatementofthecurrentfinancialreportwhiledidn’tfoundduringtheoperatingprocessoftheinternalcontrol;(4)thesupervisionoftheinternalcontrolbytheFinanceAuditCommitteeandtheinternalauditinstitutionoftheCompanywasinvalid;(5)notyetrevisedthegreatdefectafterthereasonableperiodaswhichwasdiscoveredamongtheinternalcontrolassessment;(6)thesignificantbusinesslackedofsystematiccontrolorthesystematiccontrolwasinvalid..Those | Thefollowingsignsindicatedtheremayexistgreatdefectamongtheinternalcontrolofthenon-financialreport;(1)theoperatingactivitiesoftheenterprisesseriouslyviolatedthenationallawsandregulations;(2)negativenewsfrequentlydisclosedbythemediawhichcausedsignificantharmtotheCompany’sreputation;(3)thecoremanagementteamlefttheirpositionsoneafteranotherortheoutflowofthekeypositionpersonnelwasserious;(4)significantbusinesslackedofsystematiccontrolofthesystemwasinvalid;(5)greatdefectdiscoveredamongtheinternalcontrolassessmentnotyetberevisedintime.Thefollowingsignsindicatedtheremayexistsignificantdefectamongtheinternalcontrolofthenon-financialreport:(1)negativenewsoccurredratherfrequentlywhichcausedratherbigharmtotheCompany’sreputation; |
KonkaGroupCo.,Ltd.AnnualReport2021
withthefollowingcharacteristicsshouldberecognizedassignificantdefect:(1)notyetchosenorappliedtheaccountingpolicesaccordingtothegenerallyacceptedaccountingstandards;(2)notyetconstructedtheanti-spamprocessorcontrolmeasures;(3)asfortheaccountsdisposaloftheunconventionalorspecialtransactions,therewasnocorrespondingcontrolmechanismorexecutionortheexistenceofthecorrespondingsupplementcontrol;(4)therewasoneormultipledefectsduringthecontrolofthecompileofthefinancialreportattheperiod-endandcouldnotreasonableguaranteethestatementofthecompiledfinancialreportreachtherealandaccuratetarget;(5)notyetrevisedthesignificantdefectafterthereasonableperiodaswhichwasdiscoveredamongtheinternalcontrolassessment.3.Otherdefectsfromtheinternalcontrolhadn’treachedtherecognitionstandardsofthegreatdefectorsignificantdefectshouldberecognizedasgeneraldefect.
withthefollowingcharacteristicsshouldberecognizedassignificantdefect:(1)notyetchosenorappliedtheaccountingpolicesaccordingtothegenerallyacceptedaccountingstandards;(2)notyetconstructedtheanti-spamprocessorcontrolmeasures;(3)asfortheaccountsdisposaloftheunconventionalorspecialtransactions,therewasnocorrespondingcontrolmechanismorexecutionortheexistenceofthecorrespondingsupplementcontrol;(4)therewasoneormultipledefectsduringthecontrolofthecompileofthefinancialreportattheperiod-endandcouldnotreasonableguaranteethestatementofthecompiledfinancialreportreachtherealandaccuratetarget;(5)notyetrevisedthesignificantdefectafterthereasonableperiodaswhichwasdiscoveredamongtheinternalcontrolassessment.3.Otherdefectsfromtheinternalcontrolhadn’treachedtherecognitionstandardsofthegreatdefectorsignificantdefectshouldberecognizedasgeneraldefect. | (2)theoutflowofthekeypositionpersonnelwasratherserious;(3)therewasobviousdefectamongthecontrolsystemofthesignificantbusiness;(4)thesignificantdefectfoundamongtheinternalcontrolassessmentnotyetberevisedintime.3.Otherdefectsfromtheinternalcontrolhadn’treachedtherecognitionstandardsofthegreatdefectorsignificantdefectshouldberecognizedasgeneraldefect. | |
Quantitativestandard | Greatdefect:potentialmisstatementamount≥1%ofthegrossprofitmarginofthe2021consolidatedfinancialreportoftheCompany;significantdefect:0.5%ofthegrossprofitmarginofthe2021consolidatedfinancialreportoftheCompany≤potentialmisstatementamount<1%ofthegrossprofitmarginofthe2021consolidatedfinancialreportoftheCompany;generaldefect:potentialmisstatementamount<0.5%ofthegrossprofitmarginofthe2021consolidatedfinancialreportoftheCompany. | Implementinaccordancewiththequantitativecriteriaofinternalcontroldefectevaluationinfinancialstatements |
Numberofmaterialweaknessesininternalcontroloverfinancialreporting | 0 | |
Numberofmaterialweaknessesininternalcontrolnotrelatedtofinancialreporting | 0 | |
Numberofseriousweaknessesin | 0 |
KonkaGroupCo.,Ltd.AnnualReport2021
internalcontroloverfinancialreporting
internalcontroloverfinancialreporting | |
Numberofseriousweaknessesininternalcontrolnotrelatedtofinancialreporting | 0 |
2.IndependentAuditor’sReportonInternalControl
√Applicable□Notapplicable
Opinionparagraphintheindependentauditor’sreportoninternalcontrol | |
Weconsideredthat,inallthesignificantaspects,KonkaGroupmaintainedefficientinternalcontrolofthefinancialreportaccordingtotheC-SOXandtherelevantregulationson31December2021. | |
Disclosureofsuchreport | Disclosed |
Disclosuredate | 30March2022 |
Indextosuchreportdisclosed | http://www.cninfo.com.cn/new/index |
Typeoftheauditor’sopinion | Unmodifiedunqualifiedopinion |
Materialweaknessesininternalcontrolnotrelatedtofinancialreporting | None |
Indicatebytickmarkwhetheranymodifiedopinionisexpressedintheindependentauditor’sreportontheCompany’sinternalcontrol.
□Yes√NoIndicatebytickmarkwhethertheindependentauditor’sreportontheCompany’sinternalcontrolisconsistentwiththeinternalcontrolself-evaluationreportissuedbytheCompany’sBoard.
√Yes□NoXVRectificationsofProblemsIdentifiedbySelf-inspectionintheSpecialActionforListedCompanyGovernanceTherewerenowrittenminutesforthe35
thmeetingoftheninthBoardofDirectorsandthe10
th
meetingoftheninthBoardofSupervisorsoftheCompanyheldon30October2020.Inviewofthepandemic,holdingon-sitemeetingisnotappropriate;inthemeantime,thetopicsofthemeetingsoftheBoardofDirectorsandtheBoardofSupervisorsweresimple,andthedirectorsandthesupervisorshadbeenfullycommunicatedbeforethemeeting.Afterobtainingtheverbalconsentofalldirectorsandsupervisors,itwasdecidedthatthemeetingsoftheBoardofDirectorsandtheBoardofSupervisorsshallbeheldbyvotingthroughfaxes.Therefore,nowrittenmeetingminuteswereformulated.TheCompanywillconvenethefollowingmeetingsoftheBoardofDirectorsandtheBoardofSupervisorsinstrictaccordancewiththerequirementsofrelevantsystemandrecordthemeetingminutes.
KonkaGroupCo.,Ltd.AnnualReport2021
PartVEnvironmentalandSocialResponsibility
IMajorEnvironmentalIssuesIndicatebytickmarkwhethertheCompanyoranyofitssubsidiariesisidentifiedasamajorpolluterbytheenvironmentalprotectionauthorities.
√Yes□No
Nameofpolluter
Nameofpolluter | Nameofmajorpollutants | Wayofdischarge | Numberofdischargeoutlets | Distributionofdischargeoutlets | Dischargeconcentration | Dischargestandardsimplemented | Totaldischarge | Approvedtotaldischarge | Excessivedischarge |
XingDaHongYe | Pollutionsourcesofwastewater:PH,totalcopper,COD,ammonianitrogen,totalnitrogen,totalphosphorus,totalcyanide,totalnickel,totaliron,totalaluminum,petroleum,suspendedsolids | Dischargeofstationarypollutionsources | 1 | Maindischargeoutletofthewastewaterstation | PH6-9;totalcopper≤0.3mg/L;COD≤50mg/L;ammonianitrogen≤8mg/L;totalnitrogen≤15mg/L;totalphosphorus≤0.5mg/L;totalcyanide≤0.2mg/L;totalnickel≤0.1mg/L;totaliron≤2mg/L;totalaluminum≤2mg/L;petroleum≤2mg/L;suspendedsolids≤30mg/L | GB21900-2008DischargeStandardForPollutantsFromElectroplating | 0.4485milliontons/year | Totaldischarge448,500tons/year;pollutantCOD19.061250tons/year;ammonianitrogen3.0498tons/year;totalnitrogen32.9792tons/year;totalphosphorus0.2082tons/year | None |
XingDaHongYe | wastegaspollutants:sulfuricacidfume,hydrogenchloride,formaldehyde,hydrogen | Dischargeofstationarypollution | 14 | Threeontheroofofplant1,tenontheroofofplant2andoneon | sulfuricacidfume≤30mg/m3;nitrogenoxide≤200mg/m3;hydrogenchloride≤30mg/m3;hydrogencyanide≤0.5mg/m3; | EmissionStandardforElectroplatingPollutantsGB21900-2008AirEmissionLimitsTable5,Emission | 2,986,560,000standardcube/ye | Totaldischarge:2,986,560,000standardcube/year(note:thetotaldischargeisnotstatedin | None |
KonkaGroupCo.,Ltd.AnnualReport2021
cyanide,nitrogenoxide,ammonia,benzene,toluene+xylene,TVOC,tinanditscompounds,PM(dust)
cyanide,nitrogenoxide,ammonia,benzene,toluene+xylene,TVOC,tinanditscompounds,PM(dust) | sources | theroofofthecanteen | TVOC≤90mg/m3;benzene≤1mg/m3;toluene+xylene≤15mg/m3;tinanditscompounds≤8.5mg/m3;PM(dust)≤120mg/m3 | standardofVolatileOrganicCompoundsforPrintingIndustryDB44/815-2010;GuangdongAirPollutantEmissionStandardDB44/27-2001theSecondLevelStandardintheSecondPeriod,EmissionstandardforOdorPollutants(GB14554-1993)Table2Standard | ar | thelatestversionofnationaldischargepermitin2021;twoexhausttowerswereaddedin2021;calculatedbasedonairvolumeinenvironmentalimpactassessment) | |||
BoluoKonkaandBoluoKonkaPrecision | Wastewaterpollution:PH,copper,COD,ammonianitrogen,totalnitrogen,totalphosphorus | Dischargeofstationarypollutionsources | 1 | Maindischargeoutletofthewastewaterstation | 1.Emissionstandardforpollutiondischargecertificate:copper≤0.5mg/L;COD≤80mg/L;ammonianitrogen≤15mg/L;totalnitrogen≤20mg/L;totalphosphorus≤1mg/L;2.localemissionstandard:copper≤0.5mg/L;COD≤30mg/L;ammonianitrogen≤1.5mg/L;totalnitrogen≤10mg/L;totalphosphorus≤0.3mg/L | 1.Dischargestandardofdischargepermit:DischargeStandardofElectroplatingWaterPollutantforElectroplatingDB44/1597-2015Table1PearlRiverDeltaDischargeStandard;2.Localdischargestandard:BFBH[2019]No.58Document:COD,ammonianitrogen,totalphosphorusbasedon"EnvironmentalQuality | 318,300tons/yearNote:accordingtodischargepermit | Totaldischargeamountis318,300tons/year;CODis25.464tons/year;ammonianitrogenis4.775tons/year;totalnitrogenis4.8tons/year.Note:accordingtothedischargecertificate | None |
KonkaGroupCo.,Ltd.AnnualReport2021
StandardsforSurfaceWaterGB3838-2002"CategoryIVwaterstandard,thetotalnitrogendischargereaches50%ofdischargelimitrequirementofthecorrespondingindustry
StandardsforSurfaceWaterGB3838-2002"CategoryIVwaterstandard,thetotalnitrogendischargereaches50%ofdischargelimitrequirementofthecorrespondingindustry | |||||||||
BoluoKonkaandBoluoKonkaPrecision | wastegaspollutants:sulfuricacidfume,hydrogenchloride,formaldehyde,hydrogencyanide,nitrogenoxide,ammonia,benzene,methylbenzene,TVOC,tinanditscompounds,PM(dust),oilfume | Dischargeofstationarypollutionsources | 20 | Sixontheroofofplant1,fourteenontheroofofplant2andoneinsewagestation | sulfuricacidfume≤30mg/m3;nitrogenoxide≤200mg/m3;hydrogenchloride≤30mg/m3;TVOC≤90mg/m3;benzene≤12mg/m3;methylbenzen≤40mg/m3;dimethylbenzene≤70mg/m3;tinanditscompounds≤8.5mg/m3;PM(dust)≤120mg/m3;oilfume≤2mg/m3 | EmissionStandardforElectroplatingPollutantsGB21900-2008AirEmissionLimitsTable5,GuangdongAirPollutantEmissionStandardDB44/27-2001theSecondLevelStandardintheSecondPeriod,EmissionstandardforOdorPollutants(GB14554-1993)Table2Standard,Emissionstandardofcookingfume(GB18483-2001) | / | Thetotaldischargeisnotstatedinthelatestversionofnationaldischargepermitin2020 | None |
Theconstructionofanti-pollutionfacilitiesanditsoperationsituation
1.XingDaHongYeAllproductionequipmentofGuangdongXingdaHongyeElectronicsCo.,Ltd.hasbeensetupwith
KonkaGroupCo.,Ltd.AnnualReport2021
supportingenvironmentalprotectionfacilitiesaccordingtotherequirementsofenvironmentalimpactassessment.Thedischargeofwastewater,wastegasandnoiseaswellasthedisposalofallsolidwastesintheCompanyallmetthestandardsduringtheReportingPeriod.ThesewagetreatmentcentreofGuangdongXingdaHongyeElectronicsCo.,Ltd.withaninvestmentofaboutRMB15millionwasformallyputintoproductioninJune2007,andthetreatmentcapacityofthesewagetreatmentfacilitywas2,566tons/day.Aftertechnicalimprovementandexpansion,thecapacityincreasedto2,900tons/daywiththetreatmentprocessremainingunchanged.Currently,thesewagetreatmentfacilitiesarefunctioningwellandthemainpollutantdischargemeetsthedischargestandardsandenvironmentalassessmentstandards.ThepollutantsaredischargedtoFushachongafterbeingtreatedattheself-builtsewagetreatmentstation.
2.BoluoKonkaandBoluoKonkaPrecisionAllproductionequipmentofBoluoKonkaandBoluoKonkaPrecisionhasbeenreportedforenvironmentalassessment,reviewandapproval.Thesupportingenvironmentalprotectionandpollutioncontrolfacilitieshavebeendesignedbypollutanttypeandconcentrationandeffectivelyoperatedinatargetedmanner.DuringtheReportingPeriod,thedischargestandardsweremetintermsofindustrialwastewater,exhaustandfactorynoise,andallindustrialwastegeneratedwasdisposedofincompliancewithenvironmentallawsandregulations.BoluoKonkawasestablishedin2000.TomanufacturesinglesidedPCBs,itinvestedapproximatelyRMB5millioninconstructingasewagetreatmentstationwithoutthebiochemicaltreatmentfunctionandfeaturingadischargecapacityof300tonsperday.In2007,BoluoKonkaexpandeditsfactorybystartingthePhaseIIproject,whichwassubmittedforenvironmentalassessmentasBoluoKonkaPCBDoubleSidedandMulti-LayerPCBProject(latertheprojectownerwaschangedintoBoluoKonkaPrecision).ItspentaboutRMB10milliononconstructingthePhaseIIsewagetreatmentstationtoaddthebiochemicaltreatmentfunctionwithadischargecapacityof800tonsperday.In2019,accordingtotherequirementsinthedocumentsissuedbyBoluoCountyEcologyandEnvironmentBureau,thetwosewagetreatmentstationsofBoluoKonkaandBoluoKonkaPrecisionmustbeupgradedtowardshigherstandards.Throughcomprehensiveassessmentoftheprofessionalenvironmentalprotectioncompany,itwasdecidedthatthesewagetreatmentstationsofthesaidcompaniesbecombinedtomeettheupgradingrequirements.BoluoCountyEcologyandEnvironmentBureauapprovedthecombinationofthedischargeoutletsoftheaforementionedcompanies,andBoluoKonkawouldappointBoluoKonkaPrecisiontotreatsewage.Afterthecombination,thedischargecapacitywouldreach1,100tonsperday.TheaforementionedcompaniesspentaboutRMB20millionbetween2019and2020onupgradingthesewagetreatmentstationstowardshigherstandards,andaddedindustrialadvancedprocessesandtreatmentsystems,suchasROwatertreatment,FentonoxidationandMBRfilms.Afterthetechnological
KonkaGroupCo.,Ltd.AnnualReport2021
improvementsandexpansion,thesewagetreatmentreaches2,200tonsperday(withadischargecapacityof1,100tonsperday)withareuserateofmorethan60%.Atpresent,thewastewatertreatmentfacilitiesareoperatingingoodconditions;thedischargeofmajorpollutantsmeetsthedischargestandards.Afteradvancedtreatmentofthewaterreusefacilities,thewatertreatedbythesewagestationsthatmeetsthestandardswillbereusedintheplants,whiletheremainingwaterwillbedischargedtothemunicipalpipenetworktobeprocessedbytheurbanandruralwatertreatmentfactorybeforebeingdischargedtotheDongjiangRiver.Environmentalimpactassessmentandotherenvironmentalprotectionadministrativelicensesoftheconstructionproject
1.XingDaHongYeGuangdongXingdaHongyeElectronicsCo.,Ltd.obtainedtheapprovalfromZhongshanEnvironmentalProtectionBureau(ZHJ[2004]No.61)fortheoperationsandconstructionherein2004.Subsequently,itobtainedthedocumentsofZHJD[2008]No.06250andZHJD[2010]No.04469respectivelyin2008and2010.Aftertheoperationsofitsoriginalproject,GuangdongXingdaHongyeElectronicsCo.,Ltd.passedthetwophasesofacceptanceassessment,includingthePhaseIacceptanceassessmentin2008(HY[2008]No.02)andthePhaseIIacceptanceassessmentin2012(ZHYBG[2012]No.000092).InDecember2012,GuangdongXingdaHongyeElectronicsCo.,Ltd.commissionedZhongshanResearchInstituteofEnvironmentalProtectionSciencetoconducttheassessmentofenvironmentalimpactforthetechnicalimprovementandexpansionprojectofGuangdongXingdaHongyeElectronicsCo.,Ltd.On31December2012,itobtainedtheapprovaldocumenttitledReplytotheReportontheEnvironmentalImpactoftheTechnicalImprovementandExpansionProjectofGuangdongXingdaHongyeElectronicsCo.,Ltd.(ZHJS(2012)No.115)fromZhongshanEnvironmentalProtectionBureau.Thedocumentgrantedtheapprovalforadditionoftheproductionofsix-layerPCB,eight-layerPCBandaboveandHDIboardsandforreductionoftheproductionofsingle-sidedPCB.Afterthetechnicalimprovementandexpansion,thetotalproductioncapacityofsingle-sidedPCBwouldbe200,000m2/year,ofdouble-sidedPCBwouldbe250,000m2/year,offour-layerPCBwouldbe300,000m2/year,ofsix-layerPCBwouldbe200,000m2/year,ofeight-layerPCBandabovewouldbe150,000m2/yearandofHDIboardswouldbe100,000m2/year.Intheproject,whiletheoriginalplatingequipmentandprocessesremainedunchanged,thebrownoxideprocesswasaddedtotheoriginalproductionprocess;alltheincreasedplatingcapacitywouldbeoutsourced.Thetechnicalimprovementandexpansionprojectwascommencedin2013andcompletedinJanuary2018.Thecommissioningwascarriedoutfrom10February2018to8July2018.Theconstructionoftheprojectcompliedwiththerequirementsforenvironmentalimpactassessmentandmetthecriteriafortheacceptanceofenvironmentalprotectionforthecompletionofconstructionprojects.In2021,theCompanyrenewed/changedthe
KonkaGroupCo.,Ltd.AnnualReport2021
statesewagepermit,certificateNo.:91442000768405216J001P.
2.BoluoKonkaandBoluoKonkaPrecisionIn2000,BoluoKonkaobtainedtheapprovalfromtheHuizhouMunicipalEcologyandEnvironmentBureau(HSHJ[2000]No.23).Theprojectwascompletedandputintooperationinthesameyear.ThepollutantdischargepermitNo.is91441322721121283N001U.InJanuary2007,BoluoKonkaappointedHuizhouInstituteofEnvironmentalSciencestoconducttheenvironmentalimpactassessementoftheBoluoKonkaExpansionProject.OnFebruary8,2007,BoluoKonkareceivedtheDocumentofApprovalfortheEnvironmentalImpactReportontheProjectofBoluoKonkaDoubleSidedandMulti-LayerBoards(HSHJ[2007]No.J32).AccordingtotheDocument,approvalwasgiventotheadditionofdoublesidedandmulti-layercircuitboardsintheprojectexpansion.Theproductioncapacityforsinglesidedcircuitboardswouldreach1millionsquaremetersperyear,anddoublesidedandmulti-layercircuitboardswouldreach650,000squaremetersperyearaftertheprojectexpansion.Inaddition,electroplatingequipmentandprocesswouldbeaddedintheexpansionproject.Theconstructionoftheprojectmettheenvironmentalassessmentrequirementsandsatisfiedtheconditionsfortheenvironmentalprotectionintheprojectinspectionandacceptance.Thepollutantdischargepermitwasobtainedinthesameyear.TheaforementionedprojectwaslaterrenamedasBoluoKonkaPrecision.In2020,BoluoKonkaPrecisionobtainedthenationalpollutantdischargepermitwiththepermitNo.91441322799316208F001V.Contingencyplanforemergentenvironmentalincident
1.XingDaHongYeInstrictaccordancewithrequirementsoflaws,regulationsandrelevantdocuments,suchasLawofthePeople’sRepublicofChinaonEmergencyResponseandInterimMeasuresonEnvironmentalEmergencyResponsePlan,GuangdongXingdaHongyeElectronicsCo.,Ltd.hasestablishedriskpreventionmeasuresandemergencyresponseplans,keptitsemergencyequipmentinanormalstate,formulatedtheContingencyPlanforEmergentEnvironmentalIncident,andputonrecordsatZhongshanEnvironmentalProtectionBureau,GuangdongProvince,recordNo.:4420002017044M.Inaddition,theCompanyconductsadrillofmajorenvironmentalpollutionincidentonitsfactorytoenhanceitsemergencyresponsecapabilitiesforemergentenvironmentalpollutionincidents.Furthermore,GuangdongXingdaHongyeElectronicsCo.,Ltd.hasbuiltanemergencypool(whichisthecomprehensivewatertankinthesewagetreatmentstationcoveringanareaof800m3)andsetupafirepool(500m3andlocatedonFloor1ofFactoryBuildingNo.2),whichserveastemporarystoragepoolsforexteriordrainageorfiredrainagetoeradicateaccidentaldischargeofwastewaterinthecaseoffailedoperationofthesewagetransmissionpipelineorfireaccidentduetooutageorotherspecialcircumstances.Thesewagetransmissionpipelinehasbeenequippedwithanti-corrosionandcathodicprotectionusinganti-corrosionpipesandcarbonsteelpipes.Pursuantto
KonkaGroupCo.,Ltd.AnnualReport2021
thenewdischargestandards,therelateddischargepipelinehasbeenmodifiedandtheproductiondepartmenthasbeenrequiredtodischargestrictlyinaccordancewithdischargestandardstocutthecostsofwastewatertreatment.Differenttypesofwastewaterarenormallyandproperlytreatedthroughfineshunting.Personnelhavebeenspeciallyarrangedtomanagethechemicalliquidwarehouseandexertreasonablecontrolandrequirementsovertheliquiddischargebytheplantandtimelytransportationoftheliquidbysuppliers;emergencytoolssuchasprotectivemasks,bootsandimmisciblepumpshavebeenequipped.
2.BoluoKonkaandBoluoKonkaPrecisionBoluoKonkaandBoluoKonkaPrecisionstrictlyabidesbyEmergencyResponseLawofthePeople'sRepublicofChina,InterimMeasuresfortheManagementofEmergencyPlansforUnexpectedEnvironmentalIncidents,otherrelatedlawsandregulationsaswellastherequirementsofrelevantdocuments.Theyhaveestablishedriskpreventionmeasuresandemergencyplans,suchasEmergencyPlanforUnexpectedEnvironmentalIncidents,andhavetheiremergencyequipmentruninanormalstatus.Inaddition,theyhavefiledwithBoluoCountyBranchofEcologyandEnvironmentBureauinHuizhou,GuangdongandHuizhouEcologyandEnvironmentBureaurespectivelywiththefileNo.441322-2020-0073-Mand441301-2021-004-M.Theyorganizeallstafftoconductdrillsformajorenvironmentalpollutionincidentseveryyeartoimprovetheirabilityfortheemergencyresponsetounexpectedenvironmentalpollutionincidents.BoluoKonkaandBoluoKonkaPrecisionarewellequippedwithallnecessaryfacilitiesforemergencyresponsetounexpectedincidents,includinganemergencyresponsepoolofindustrialwastewater(500m3,underthegroundofthesewagetreatmentstation)andafirefightingreservoir(300m3,locatedbesidethestaffdormitorybuilding).Intheeventofanunexpectedenvironmentalincident,suchasleakageorfailureofawastewatertransportingpipe,theemergencyresponsepoolwillpreventanyaccidentofindustrialwastewater;intheeventofafiresafetyaccident,thefirefightingreservoirwillbeputintouse.Alldepartmentsarerequiredtodischargepollutantsstrictlyinaccordancewithpollutantdischargestandardstoreducethecostsofwastewatertreatmentbyproperlyandreasonablydividingsolutionandwastewaterdischargedfromtheplants.Thechemicalwarehousesaremanagedbydesignatedpersonnel,withstandardcontrolandrequirementsovertheloadingandunloadingofchemicalproductsbysuppliers.Intermsofemergencyresponsesupplies,afullsetofemergencyrescuetoolsareprepared,includinggasmasks,acidandalkalineresistantboots,gloves,goggles,safetyropes,helmets,firesandandsubmersiblepumps.Environmentalself-monitoringplan
1.XingDaHongYeAccordingtotherequirementsoftheEnvironmentalProtectionAdministration,XingdaHongyeattachesgreatimportancetoenvironmentalmonitoringmanagement.Thus,pursuanttothe
KonkaGroupCo.,Ltd.AnnualReport2021
MeasuresforSelf-MonitoringandInformationDisclosureofNationalKeyMonitoredEnterprises,theReportontheEnvironmentalImpactoftheTechnicalImprovementandExpansionProjectofGuangdongXingdaHongyeElectronicsCo.,Ltd.andthereplyopinionsforenvironmentalimpactassessment,theCompanyhasformulatedtheEnvironmentalSelf-MonitoringPlanandreportedtothemunicipalenvironmentalprotectionbureauforapprovalandrecord.ItimplementsonlinemonitoringforthePH,CODandammonianitrogenpollutantsdischargedinwastewaterthroughreal-timemonitoringandanautomaticfrequencyofeverytwohours,entruststhequalifiedthird-partyonlinemonitoringequipmentoperationandmaintenanceinstitutetocarryoutperiodicmaintenanceonautomaticmonitoringequipmentandmonitoringdatanetworkingequipment,andentruststhequalifiedthird-partymonitoringunittocarryoutthe“threewastes”projectmonitoring.Allself-monitoringplanresultswillbereportedanddisclosedonpublicplatformsonaperiodicbasis.Inthecaseofnormalproduction,theresultswillbeupdatedonadailybasis,withonlinemonitoringdatadisclosedinrealtimeandmanualmonitoringdatadisclosedontheRealtimepublicityorevery2hoursaftercompletion.Itemsmonitoredonamonthlybasiswillbedisclosedbythe10thdayofthemonth.Inthecaseofpublicholidays,theoperationmonitoringdatafortheholidayperiodwillbedisclosedonthefirstworkingdayaftertheholiday.Theannualself-monitoringreportforthepreviousyearwillbedisclosedattheendofJanuaryeachyear.Inthecaseofshutdownwithdaysoff,thenumberofdaysoffwillbeindicatedintheinformationbarandrelatedproofswillbesubmittedtothemonitoringcenterofthemunicipalenvironmentalbureauforrecord.TheresultsaredisclosedonGuangdongProvinceKeyPollutionSourceRegulatoryInformationPlatformandonNationalPollutionSourceMonitoringInformationManagementandSharingPlatformforpublicmonitoring.
2.BoluoKonkaandBoluoKonkaPrecisionInlinewiththerequirementsofenvironmentaldepartments,BoluoKonkaandBoluoKonkaPrecisionattachgreatimportancetoenvironmentalmonitoringandmanagement.BasedontheMeasuresfortheSelf-MonitoringandInformationPublicityofEnterprisesunderNationalKeyMonitoring,EnvironmentalImpactReportandtheopinionsstatedinreplytotheenvironmentalassessment,theyhaveestablishedtheEnvironmentalSelf-MonitoringPlanofEnterprisesandfiledarecordwiththemunicipalecologyandenvironmentbureau.Accordingtotheplan,theyhaveinstalledanonlinemonitoringsystemtomonitorthePHvalue,totalflow,COD,ammonianitrogenandtotalphosphorusofthewastewater,andnetworkedwiththeecologyandenvironmentbureau.Theyappointaqualifiedthird-partyonlinemonitoringequipmentoperationandmaintenanceorganizationtoperformregularmaintenanceoftheautomaticmonitoringequipmentandthemonitoringdatanetworkingequipment,andaqualifiedthird-partymonitoringorganizationtoperformthemonitoringofthe“threewastes”.Allself-monitoringresultswillbereportedand
KonkaGroupCo.,Ltd.AnnualReport2021
publishedonpublicplatformsandsubjecttopublicmonitoring.AdministrativepunishmentsreceivedintheReportingPeriodduetoenvironmentalissues
Nameofthecompanyorsubsidiarycompany
Nameofthecompanyorsubsidiarycompany | Penaltyreason | Violationsituation | Penaltyresult | ImpactontheproductionandoperationoftheCompany | RemediationmeasuresoftheCompany |
XingDaHongYe | On25August2021,theZhongshanCityEnvironmentalMonitoringStationconductedlegalmonitoringbysamplingfromthewastewaterdischargedfromthetotalwastewaterdischargeoutlet.Themonitoringresultsshowedthattheconcentrationsofpollutantsinthedischargedwastewaterwereabnormal,includingCOD24.3mg/L,totalnitrogen24.3mg/L,andammonianitrogen.21.9mg/L,whichexceededthestandardlimitsasstipulatedinTable3oftheEmissionStandardofPollutantsforElectroplatingGB21900-2008by0.2times,0.62times,and1.74timesrespectively.TheZhongshanBureauofEcologyandEnvironmentsetupinvestigationontheexcessivedischargeofwaterpollutantsonSeptember16,2021. | InviolationoftheprovisionsofArticle10oftheWaterPollutionPreventionLawofthePeople'sRepublicofChinathat"thepollutantsindischargedwatershallnotexceedtheDischargeStandardsforWaterPollutantsandthetotaldischargecontrolindicatorsofkeywaterpollutantsasstipulatedbythestateorlocalgovernments",andaccordingtotheprovisionsofArticle83(2)oftheWaterPollutionPreventionLawofthePeople'sRepublicofChina,supportedbythefacts,nature,circumstances,socialhazardandrelevantevidenceoftheviolation, | comparedwiththediscretionstandardasstipulatedinArticle3,Paragraph1,Item(2)in"ViolationoftheGeneralProvisionsofEcologicalEnvironmentalProtection"oftheQuantitativeCriteriaforAdministrativePenaltyDiscretionaryofZhongshanBureauofEcologyandEnvironment,afineofRMB230,000wasimposed. | Thispenaltydidnotcauseproductionsuspensionoranyimpactonnormalproductionandoperation. | GuangDongXingDaHongYeElectronicCo.,Ltd.spentRMB18millionontherectificationofenvironmentalprotectionandwastewaterprojectin2022.(Atpresent,theconstructionunithasbeendetermined,andtheapplicationforconstructionoftheprojectisbeingsubmitted.TheprojectisexpectedtobecompletedbytheendofJuly2022). |
Otherenvironmentalinformationthatshouldbedisclosed
1.XingDaHongYeTheenvironmentalprotectioninvestmentofGuangdongXingdaHongyeElectronicsCo.,Ltd.for2021wasapproximatelyRMB18million,mainlyusedfortheinvestmentinEnvironmentalgovernanceequipmentandfacilities,treatmentofsewage,wastegasandsolidwaste,aswellasthe
KonkaGroupCo.,Ltd.AnnualReport2021
maintenanceandupgradingofenvironmentalprotectionequipment.
2.BoluoKonkaandBoluoKonkaPrecisionBoluoKonkaandBoluoKonkaPrecisioninvestedapproximatelyRMB10.6708milliononenvironmentalprotectionin2021intotal,mainlyusedforthedailyoperationandmanagementofwastewaterandgasaswellasthemaintenanceandupgradingofequipment..MeasurestakentodecreasecarbonemissionintheReportingPeriodandcorrespondingeffects
□Applicable√NotapplicableOtherEnvironmentalInformationAccordingtotheexaminationbytheCompany,theCompanyanditsotherholdingsubsidiariesarenotkeypollutantunits.Allhavefaithfullyimplementedthelawsandregulationsrelatedtoenvironmentalprotection,suchasEnvironmentalProtectionLawofthePeople'sRepublicofChina,WaterPollutionPreventionandControlLawofthePeople'sRepublicofChina,LawofthePeople'sRepublicofChinaonthePreventionandControlofAtmosphericPollution,LawofthePeople'sRepublicofChinaonPreventionandControlofPollutionFromEnvironmentalNoise,LawofthePeople'sRepublicofChinaonthePreventionandControlofEnvironmentalPollutionbySolidWasteinthedailyproductionandoperation,withoutbeingpunishedforviolationsoflawsandregulationsduringtheReportingPeriod.IISocialResponsibilityTheCompanyinsiststheprincipleofhealth,stabilityandsustainabledevelopmenttobenefitshareholdersandemployeesandsatisfycustomers.Inpursuitofeconomicprofitsandprotectionofshareholders’profits,theCompanyisactiveinprotectinglegalrightsofdebtorsandemployees,treatingsuppliers,customersandconsumersingoodfaith,andparticipatinginenvironmentalprotectionandcommunityestablishmentforharmoniousdevelopmentoftheCompanyandsociety.
1.Toprotectrightsofshareholdersandcreditors
(1)TheCompanyprotectsrightsofshareholdersTheCompanyinsistsprotectionofrightsforallshareholders,especiallyequalstatusandlegalrightsformediumandsmallshareholders,andmakeinsuranceofrightstobeinformed,participationandvote.TheCompanywouldperformallobligationsofinformationdisclosuretoensuretimely,accurateandcompleteinformationandstrictlyexecuteconfidentialsystemofregistrarandinsiderinformationtoguaranteejustice.TheCompanypaysattentiontorepaytoshareholders,andinsistsmutualdevelopmentwithinvestors.Inthepreviousthreeyears,theCompanysharesdividendswithallshareholders.TheCompanystrictexecutesdividendpoliciesregulatedinArticlesofAssociation.AllcashdividendscomplywithregulationsinArticlesofAssociationandrequirementsinshareholders’conference.
(2)TheCompanyprotectsrightsofcreditors
KonkaGroupCo.,Ltd.AnnualReport2021
Infullconsiderationoflegalrightsofcreditors,theCompanycomplieswithstrictbusinessrulesofcreditcooperationtoguaranteelegalrightsofcreditors.Nodamagesuponrightsofcreditorshappened.
2.TheCompanyperformsresponsibilitiestosuppliersandcustomers
(1)Itisdevotedtoimprovecustomerservicequality.TheCompanyisinsistingphilosophyofcustomerorientationtostrengthencustomerservicemanagement,serviceconsciousnessforemployees,servicelevelsandtoprotectrightsforcustomers.Throughcustomerservicehot-line,fieldvisitandfollow-upservice,theCompanyhassetagoodcorporateimageforcustomers.
(2)BehonesttosuppliersFollowingtheprincipleofintegrityandmutuallybeneficialcooperation,theCompanykeepsgoodcooperativerelationswithsuppliersateachlevel.Thecorporateprincipleisopen,fairandimpartialtostandardizeprocurement,protectsuppliers’legalrightsandlaysolidfoundationforfurthercooperation.
3.BeenthusiastictosocialandpublicwelfareundertakingsBasedontheprincipleofappreciatingandrepayingthesociety,theCompanyhasparticipatedinallkindsofactivitiesforpublicwelfare,cooperatedwithsociety,undertakensocialresponsibilitiesactivelyandpromotedharmoniousdevelopmentbetweenenterpriseandsociety.
4.BeresponsibleforemployeesTheCompanyinsiststheprincipleofpeopleorientationtoimproveworkingenvironment,promoteoccupationalskills,provideopportunityandplatformfordevelopmentandgrowthandencourageselfupgradationandrealizationforemployees.Mutualimprovementforemployeesandenterprisecouldbeachieved.
(1)Behonestandlaw-abidingtoprotectlegalrightsforemployeesTheCompanywouldstrictlycomplywithlawsandregulationsinLaborLawandLaborContractLawtosignlaborcontractwithemployeeswithfairtreatmentinemployment,payment,promotion,training,demissionandretirement.Also,theCompanywouldpayallkindsofinsurancesandhousingfundforemployees.Regularphysicalexaminationwouldbeorganizedforeachyear.Anyproblemsfoundwouldrequirere-examinationandconsultationfromadoctor.TheCompanywouldimprovelivingquality;enhancecohesiveforceandsenseofbelongingsthroughaseriesofsafeguardmeasures.
(2)ToprotectoccupationalhealthforemployeesTheCompanywouldestablishandperfecttraining,safetyassessmentbysecuritysystemtoguaranteethesafetyandoccupationalhealthforemployees.Ontheotherhand,bypromotionoftheimportanceofsafety,safetyawarenesswouldberootedinthehearttomakeallemployeesabidebysafetystandardsandfullyplaysubjectiveinitiativeinprotectingself-occupationalsafetyand
KonkaGroupCo.,Ltd.AnnualReport2021
productionsafety.
(3)TopromoteoccupationalskillsbydiversifiedprofessionaltrainingTheCompanyhasalwayspaidgreatattentionondiversifiedtrainingforemployees.Ontheonehand,theCompanywouldbemeticulousintrainingofregularbusinessandoccupationalskillsandcarryoutallrequirementspositivelytoimproveprofessionallevelsbynormaltrainingmanagement.Ontheotherhand,theCompanywouldestablishmethodsofself-trainingplatform,traininginstructor,themetrainingandlecturestoprovidecolorfultrainingactivities.Besidesthework,professionalandcomprehensivequalitywouldbefullypromoted.
5.BeresponsibleforenvironmentTheCompanyconcernsaboutenvironmentalchangesandcloserelationshipswithenvironmentbycreatinglowcarboneconomyintechnicalinnovation,fromgreenmanufacturing,greenproductstogreenindustrycirculareconomy.TheCompanywouldprovideeffortsinprotectingglobalecologicalenvironment.InJune2012,subsidizedproductscataloguehadbeenreleasedjointlybyNationalDevelopmentandReformCommission,MinistryofIndustryandInformationandMinistryofFinance.Subsequently,theCompanywouldundertakeallsocialresponsibilitiesbyimprovingstrategicmanagement,sustainabledevelopmentandenterpriseeconomicefficiency.Itwouldreattributeallshareholdersandwouldprotectlegalrightsforcreditorsandemployees.Tobehonesttosuppliersandcustomers,theCompanywouldservelocaleconomicdevelopmentandparticipateinsocialpublicwelfareactivitiesandenvironmentprotection.Itwouldundertakeallresponsibilitiesinmanyfieldsandmakeattributionstosocial,economic,andenvironmentalsustainabledevelopmentforasocialismharmonioussociety.IIIConsolidationandExpansionofPovertyAlleviationOutcomes,andRuralRevitalizationIn2021,theCompanycontinuedtoactivelypurchasetheagriculturalandside-lineproductsfromTianzhuandSansuicountiesinGuizhouProvinceunderthe"assistancebyconsumption"project,andcumulativelypurchasedlocalagriculturalproductsworthRMB2.57millionthisyear.InSeptember2021,theCompanyofficiallylaunchedthe"KonkaDigitalEducationAssistanceProgramme"atZhaitouVillagePrimarySchoolinSansuiCounty,includinganumberofdetailedmeasuressuchasdonationofmultimediahardwareanddeploymentandimplementationofonlineteachingresources",whichappliedtheachievementsofscientificandtechnologicalinnovationin"hardwareandsoftware"oftheCompanytothepracticeinruralrevitalization.InDecember2021,theCompanyinvitedteachersandstudentsfromZhaitouPrimarySchoolinSansuiCounty,QiandongnanMiaoandDongAutonomousPrefecture,GuizhouProvincetoattendathree-daygrowthandstudytourinShenzhen,andheldapublicservicechildren'sartexhibitionintheOCTContemporaryArtCenterHuatheArtSalon.
KonkaGroupCo.,Ltd.AnnualReport2021
PartVISignificantEvents
IFulfillmentofCommitments
1.CommitmentsoftheCompany’sDeFactoController,Shareholders,RelatedPartiesandAcquirers,aswellastheCompanyItselfandOtherEntitiesFulfilledintheReportingPeriodorOngoingatthePeriod-End
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.WherethereHadBeenanEarningsForecastforanAssetorProjectandtheReportingPeriodWasstillwithintheForecastPeriod,ExplainwhytheForecastHasBeenReachedfortheReportingPeriod.
□Applicable√NotapplicableIIOccupationoftheCompany’sCapitalbytheControllingShareholderoranyofItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IIIIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IVExplanationsGivenbytheBoardofDirectorsRegardingtheLatest“ModifiedOpinion”ontheFinancialStatements
□Applicable√NotapplicableVExplanationsGivenbytheBoardofDirectors,theSupervisoryBoardandtheIndependentDirectors(ifany)RegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsoftheReportingPeriod
□Applicable√NotapplicableVIYoYChangestoAccountingPolicies,EstimatesorCorrectionofMaterialAccountingErrors
√Applicable□NotapplicableOn7December2018,theMinistryofFinance(MOF)issuedRevisionandIssuanceoftheAccountingStandardforBusinessEnterprisesNo.21:Lease(C.K.[2018]No.35)(hereinafterreferredtoas"newleasestandards").AccordingtotherequirementsoftheMinistryofFinance,thoseenterprisesthatarelistedbothathomeandabroadandthoseenterprisesthatarelistedoverseasandadopttheInternationalFinancialReportingStandardsortheAccountingStandardsfor
KonkaGroupCo.,Ltd.AnnualReport2021
BusinessEnterprisesforpreparationoffinancialstatementsshouldimplementthestandardsfrom1January2019;theotherenterprisesthatadopttheAccountingStandardsforBusinessEnterprisesshouldimplementthestandardsfrom1January2021.TheCompanyhasimplementedthenewleasestandardssince1January2021,andaccordingtotheaccumulatednumberofimpactsbasedontheexecutionofthenewleasestandard,theCompanywilladjusttheretainedincomeandtheamountofrelevantitemsinthefinancialstatementsatthebeginningofthefirstyearofexecution,andwillnotadjustinformationforcomparableperiods.ThischangeinaccountingpolicieswillnotexertasignificantimpactontheCompany'sfinancialposition,operationalresultsandcashflow.VIIYoYChangestotheScopeoftheConsolidatedFinancialStatements
√Applicable□NotapplicablePleasereferto6.ChangesintheScopeofConsolidatedFinancialStatementsfortheReportingPeriodof2.RevenueandCostsofIVCoreBusinessAnalysisinPartIIIOperatingPerformanceDiscussionandAnalysisofthisReportfordetails.VIIIEngagementandDisengagementofIndependentAuditorCurrentindependentauditor
Nameofthedomesticindependentauditor
Nameofthedomesticindependentauditor | ShineWingCertifiedPublicAccountantsLLP |
TheCompany’spaymenttothedomesticindependentauditor(RMB’0,000) | 250 |
HowmanyconsecutiveyearsthedomesticindependentauditorhasprovidedauditservicefortheCompany | 3years |
Namesofthecertifiedpublicaccountantsfromthedomesticindependentauditorwritingsignaturesontheauditor’sreport | TangQimei,LiuJianhua |
HowmanyconsecutiveyearsthecertifiedpublicaccountantshaveprovidedauditservicefortheCompany | 1year |
Nameoftheoverseasindependentauditor(ifany) | N/A |
TheCompany’spaymenttotheoverseasindependentauditor(RMB’0,000)(ifany) | 0 |
HowmanyconsecutiveyearstheoverseasindependentauditorhasprovidedauditservicefortheCompany(ifany) | N/A |
Namesofthecertifiedpublicaccountantsfromtheoverseasindependentauditorwritingsignaturesontheauditor’sreport(ifany) | N/A |
HowmanyconsecutiveyearsthecertifiedpublicaccountantshaveprovidedauditservicefortheCompany(ifany) | N/A |
IndicatebytickmarkwhethertheindependentauditorwaschangedfortheReportingPeriod
□Yes√NoIndependentauditor,financialadvisororsponsorengagedfortheauditofinternalcontrols:
KonkaGroupCo.,Ltd.AnnualReport2021
√Applicable□NotapplicableTheCompanyappointedShineWingCertifiedPublicAccountantsLLPastheinternalcontrolauditorin2021withRMB0.8millionofpaymentfortheinternalcontrolaudit.IXPossibilityofDelistingafterDisclosureofthisReport
□Applicable√NotapplicableXInsolvencyandReorganization
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIMajorLegalMatters
√Applicable□Notapplicable
Generalinformation
Generalinformation | Involvedamount(RMB’0,000) | Provision | Progress | Decisionsandeffects | Executionofdecisions | Disclosuredate | Indextodisclosedinformation |
Becauseofadisputeoveranadvertisingcontract,ShenzhenE2infoNetworkTechnologyCo.,Ltd.,asubsidiarytotheCompany,filedalawsuitagainstHangzhouExploreCultureMediaCo.,Ltd.withthecourtofNanshandistrict,Shenzhenandclaimedpaymentofthearrearsprincipalandliquidateddamages | 758.11 | No | Thedefendanthasenteredthebankruptcyliquidationstageandisdeclaringcreditofbankruptcy. | Thefirst-instancejudgmenthascomeintoeffect,andtheCompanyhaswonthecase.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Thedefendantisproceedingwiththeliquidationprocedure. | 2020-09-19 | http://www.cninfo.com.cn/new/index |
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestDalianJinshundaMaterialRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 9,383.08 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinuethetrialofthiscase. | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Pending | 2020-09-19 | http://www.cninfo.com.cn/new/index |
KonkaGroupCo.,Ltd.AnnualReport2021
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestDalianXinjieRenewableResourcesCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages.
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestDalianXinjieRenewableResourcesCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 9,383.08 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinuethetrialofthiscase. | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies.oing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Pending | 2020-09-19 | http://www.cninfo.com.cn/new/index |
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestDalianTianhaoRenewableResourcesCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 2,307.90 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinuethetrialofthiscase. | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Pending | 2020-09-19 | http://www.cninfo.com.cn/new/index |
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestHuanjiaMingtai(Dalian)RenewableResourcesCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 3,302.64 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinuethetrial | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Pending | 2020-09-19 | http://www.cninfo.com.cn/new/index |
KonkaGroupCo.,Ltd.AnnualReport2021
ofthiscase.
ofthiscase. | |||||||
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestLankaoShunjiaRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 3,358.80 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinuethetrialofthiscase. | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Pending | 2020-09-19 | http://www.cninfo.com.cn/new/index |
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestHenanShunhenghuiRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 3,337.29 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinuethetrialofthiscase. | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies.oing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Pending | 2020-09-19 | http://www.cninfo.com.cn/new/index |
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestHenanJiaxinRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvance | 3,358.09 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstanceto | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreserves | Pending | 2020-09-19 | http://www.cninfo.com.cn/new/index |
KonkaGroupCo.,Ltd.AnnualReport2021
paymentandpayliquidateddamages.
paymentandpayliquidateddamages. | continuethetrialofthiscase. | inaccordancewithaccountingpolicies. | |||||
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestHenanShengxiangRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 2,922 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinuethetrialofthiscase. | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Pending | 2020-09-19 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,suedDalianGuangxinEnvironmentalProtectionEquipmentTechnologyDevelopmentCo.,Ltd.,requiringittoreturnthepaymentforequipmentandpaytheliquidateddamages. | 3,137.20 | No | Repaymentofdebtswithpropertyhasbeencompleted. | Executed,andbasedontheprincipleofprudence,theCompanyhasmadecorrespondingprovisionforimpairmentaccordingtoaccountingpolicies. | Closed | 2020-09-19 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoveralogisticscontract,HefeiAnludaLogisticsCo.,Ltd.suedtheCompany'ssubsidiary,AnhuiKonkaTongchuangElectricalAppliancesCo.,Ltd.withthepeople'scourtofNanqiaoDistrict,Huzhou,requiringittoreturntheperformancebond,paythetransportationfeethat'salreadyincurredandinterest,aswellasundertakethelegalcost. | 1,282.80 | No | Applyingfortheprotest | Applyingfortheprotest | Applyingfortheprotest | 2020-09-19 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverapurchaseandsalescontract,ZhaoYonghongsuedtheCompany'ssubsidiary,KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd.,requiringittopaythepaymentforgoods. | 805.74 | No | Closed | Closed | Closed | 2020-09-19 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverrealrightsgrantedbywayofsecurity,theCompany's | 8,242.85 | No | Thecaseisbeingfiledasa | Thecaseisbeingfiledasadifferentcase. | Pending | 2021-06-01 | http://www.cninfo.com.cn/n |
KonkaGroupCo.,Ltd.AnnualReport2021
subsidiary,HenanXinfeiRefrigerationAppliancesCo.,Ltd.,suedChuangfuBusinessSquareRealEstateDevelopment(Huizhou)Co.,Ltd.,requiringittoexercisetherealrightsgrantedbywayofsecurity.
subsidiary,HenanXinfeiRefrigerationAppliancesCo.,Ltd.,suedChuangfuBusinessSquareRealEstateDevelopment(Huizhou)Co.,Ltd.,requiringittoexercisetherealrightsgrantedbywayofsecurity. | differentcase. | ew/index | |||||
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestZhejiangJiadeRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 3,562.89 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinuethetrialofthiscase. | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Pending | 2021-06-01 | http://www.cninfo.com.cn/new/index |
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestZhejiangZhijieRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 3,562.89 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinuethetrialofthiscase. | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Pending | 2021-06-01 | http://www.cninfo.com.cn/new/index |
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestZhejiangXinkaiRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidated | 3,562.89 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinue | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewith | Pending | 2021-06-01 | http://www.cninfo.com.cn/new/index |
KonkaGroupCo.,Ltd.AnnualReport2021
damages.
damages. | thetrialofthiscase. | accountingpolicies. | |||||
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestHenanHuanjiaChengxinEnvironmentalProtectionTechnologyCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 3,358.80 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinuethetrialofthiscase. | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Pending | 2021-06-01 | http://www.cninfo.com.cn/new/index |
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestHenanXinchengRenewableResourcesRecyclingCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 3,358.80 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinuethetrialofthiscase. | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies.oing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Pending | 2021-06-01 | http://www.cninfo.com.cn/new/index |
Becauseofadisputeoverrealrightsgrantedbywayofsecurity,theCompany'ssubsidiary,AnhuiKonkaElectronicCo.,Ltd.,suedHuangRuirong,requiringittoexercisetherealrightsgrantedbywayofsecurity. | 3,142.64 | No | Thecaseisbeingfiledasadifferentcase. | Thecaseisbeingfiledasadifferentcase. | Pending | 2021-06-01 | http://www.cninfo.com.cn/new/index |
KonkaGroupCo.,Ltd.AnnualReport2021
Becauseofadisputeoverrealrightsgrantedbywayofsecurity,theCompany'ssubsidiary,HenanXinfeiRefrigerationAppliancesCo.,Ltd.,suedChuangfuBusinessSquareRealEstateDevelopment(Huizhou)Co.,Ltd.,requiringittoexercisetherealrightsgrantedbywayofsecurity.
Becauseofadisputeoverrealrightsgrantedbywayofsecurity,theCompany'ssubsidiary,HenanXinfeiRefrigerationAppliancesCo.,Ltd.,suedChuangfuBusinessSquareRealEstateDevelopment(Huizhou)Co.,Ltd.,requiringittoexercisetherealrightsgrantedbywayofsecurity. | 2,801.94 | No | Thecaseisbeingfiledasadifferentcase. | Thecaseisbeingfiledasadifferentcase. | Pending | 2021-06-01 | http://www.cninfo.com.cn/new/index |
Duetodisputearisenformasalescontract,theCompany’ssubsidiaryKonkaHuanjiafiledalawsuittorequestHenanGuozhengEnvironmentalProtectionTechnologyCo.,Ltd.,HuanjiaGroup,WangBingde,ZhangXueyin,WangRenpingtoreturntheadvancepaymentandpayliquidateddamages. | 2,090 | No | Thecourtofsecondinstancedesignatedthecourtoffirstinstancetocontinuethetrialofthiscase. | Thefirstinstancetrialisongoing.Basedontheprincipleofprudence,theCompanyhasaccruedcorrespondingimpairmentreservesinaccordancewithaccountingpolicies. | Pending | 2021-06-01 | http://www.cninfo.com.cn/new/index |
Note:CourtsorarbitrationbodiesruledinfavoroftheCompanyinthefollowingcaseswhicharecurrentlyunderenforcement.DetailsofthesecasescanbefoundintheCompany'sAnnouncementonLargeAmountPendingLawsuitsandArbitrationsdisclosedon25June2019(AnnouncementNo.2019-63),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon19September2020(AnnouncementNo.2020-97),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon1June2021(AnnouncementNo.2021-48),theAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon1December2021(AnnouncementNo.2021-101)andtheCompany'speriodicreports:1.Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestChinaEnergyElectricFuelCo.,Ltd.,ChinaEnergy(Shanghai)EnterpriseCo.,Ltd..,ShanghaiNengpingindustrialCo.,Ltd.,andShenzhenQianhaiBaoyingFactoringCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany;2.Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestShanghaiHuaxinInternationalGroupCo.,Ltd.andTianjinInternationalTradePetrochemicalCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany;3.Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestShanghaiHuaxinInternationalGroupCo.,Ltd.QingdaoBondedZhongsheInternationalTradingCo.,Ltd.andShenzhenQianhaiBenniuAgriculturalTechnologyCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany;4.Asmaturednoteswerefailedtobeaccepted,theCompanyhasfiledalawsuitwiththecourttorequestHefeiHuajunTradingCo.,Ltd.andWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.topaythebillandthecorrespondinginteresttotheCompany;5.Duetodisputearisenfromalogisticscontract,theCompany’ssubsidiaryAnhuiKonkafiledalawsuittorequestthefreightforwarderShanghaiTriangleLinkLogisticsCo.,Ltd.ShenzhenBranchtomakecompensation;6.Duetocontractdispute,theCompany’ssubsidiaryShenzhenNianhuaappliedforarbitrationtorequesttherespondentFangXianglongandJiangYantomakecompensationforcorrespondingannualprofitandfundpossessioncost;7.Duetopaymentdispute,theCompany’ssubsidiaryHongKongKonkaappliedforanarbitrationtoShenzhenCourtofInternationalArbitrationtorequesttherespondentMakenaElectronic(HongKong)topayforgoodsandliquidateddamages;8.Becauseofadisputeovercapitalincrease,theCompany'ssubsidiary,ShenzhenKonkaInvestmentHoldingCo.,Ltd.,appliedforarbitrationwiththeShenzhenCourtofInternationalArbitration(SCIA),requestingtherespondents,ElionResourcesGroupandElionEcologicalCo.,
KonkaGroupCo.,Ltd.AnnualReport2021
Ltd.,toperformtherepurchaseobligation;9.Becauseofdishonorofnotesreceivable,KonkaFactoringfiledalawsuitwiththecourt,requiringTahoeGroupCo.,Ltd.,FuzhouTaijiaIndustrialCo.,Ltd.andXiamenLianchuangMicroelectronicsCo.,Ltd.tomakethepaymentofthenoteandthecorrespondinginteresttoKonkaFactoring;10.Becauseofdishonorofnotesreceivable,theCompanyfiledalawsuitwiththecourt,requiringWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.tomakethepaymentofthenoteandthecorrespondinginterest11.Duetocondominiumownershipdispute,theowners'committeeofJingyuanBuildingfiledalawsuittorequestZhongfangGroupNanfangRealEstateCo.,Ltd.tomakesupplementarypaymentofmaintenancefund.ZhongfangGroupNanfangRealEstateCo.,Ltd.submittedadefenseonthegroundthattheCompanyjointlydevelopedJingyuanBuilding,andtheCompanywasfiledasthedefendant.Thefollowingcaseshavebeendisclosedintemporaryannouncementsandperiodicreportsandthereisnofurtherprogress.DetailsofthesecasescanbefoundintheCompany'sAnnouncementonLargeAmountPendingLawsuitsandArbitrationsdisclosedon25June2019(AnnouncementNo.2020-97)andtheAnnouncementonAccumulatedLawsuitsandArbitrationsdisclosedon1June2021(AnnouncementNo.2021-48)andtheAnnouncementonAccumulativeLawsuitsandArbitrationsdisclosedon1December2021(AnnouncementNo.2021-101)andtheCompany'speriodicreports:1.ThecustomerofHongKongKonka,H-BUSTERSAOPAULOINDUSTRIAECOMERCIOS.A(Brazil)wasinsolvent,andobtainedtheapprovalofthejudicialreorganizationapplicationofCotiaThirdCivilCourtoftheCourtofSaoPaulo,BrazilinMay2013.AsthecreditorofH-BUSTER,HongKongKonkafiledthedebtdeclarationdocuments,andinAugust2014,theamountconfirmedofdebtwasUSD2.78million.2.DuetotheJiangxiXinxinJian’anEngineeringCo.,Ltd.(hereinafterreferredtoasthe“JiangxiXinxin”),JiangxiShanshiTechnologyDevelopmentCo.,Ltd.(hereinafterreferredtoasthe“JiangxiShanshi”),JiangxiZhongyiDecorationMaterialsCo.,Ltd.(hereinafterreferredtoasthe“JiangxiZhongyi”)failedtorepaytheloananditsinterestofChinaGreatWallAMCJiangxiBranch(hereinafterreferredtoasthe“GreatWallJiangxiBranch”),theGreatWallJiangxiBranchsuedtothecourt,andrequiredJiangxiXinxin,JiangxiShanshi,JiangxiZhongyitorepayRMB300millionwithRMB108,000liquidateddamages,andRMB13.65millionofinterest.Meanwhile,9guarantorsincludingJiangxiKonka,XinfengMicrocrystallineandNanocrystalarerequiredtoundertakejointliabilityguaranty.ThejudgmentoffirstinstancerequiredthatJiangxiXinxin,JiangxiZhongyiandJiangxiShanshishallrepaytheprincipal,interestandliquidateddamagestoGreatWallJiangxiBranchandtheguarantorsbearthejointliabilityforsatisfactiontothedebts.Thedefendantshaveappealedagainstthefirstinstancejudgment.Later,thecourtofsecondinstanceruledthatthecaseshouldbereturnedtothecourtoffirstinstanceforretrial.3.Duetothedisputeofsalescontract,WumartStores,Inc.suedtheBeijingBranchofWumarttothecourtofShijingshanDistrictofBeijing,andrequestedtheBeijingBranchtoreturntheprepaymentofgoods.4.Duetopaymentdispute,theCompany’ssubsidiaryAnhuiElectricalApplianceappliedforanarbitrationtoChuzhouArbitrationCommissiontorequesttherespondentMakenaElectronic(Shenzhen)tomakeguarantee.5.Duetocontractdispute,theCompanyfiledalawsuitwithZhengzhouIntermediatePeople’sCourttorequestHenanRadioandTelevisionNetworkCo.,Ltd.topickupgoodsandmakepaymentandliquidateddamagesaccordingtothecontract.
6.Becauseofadisputeoverapurchaseandsalescontract,theCompany'ssubsidiary,DongguanKonkaElectronicCo.,Ltd.,filedalawsuitwiththePeople'sCourtofNanshanDistrictofShenzhen,requestingDongguanGaonengHighPolymerMaterialsCo.,Ltd.,WangDong,ShenzhenXinlianXingyaoTradeCo.,Ltd.,ShenzhenJinchuanQianchaoNetworkTechnologyCo.,Ltd.,PuningJunlongTradeCo.,Ltd.,andHuangZhihaotopaytheoverdueloanandthecorrespondingliquidateddamages.7.Becauseofadisputeoveracontract,theCompany'ssubsidiary,Shenzhen
KonkaUnifortuneTechnologyCo.,Ltd.suedShenzhenYaodeTechnologyCo.,Ltd.,DongshengXinluoTechnologyCo.,Ltd.,ShenzhenHongyaoDingshengInvestmentManagementLimitedPartnership,ShenzhenXiangruiYingtongInvestmentManagementCo.,Ltd.,LuoJingxia,LuoZongwu,LuoZongyin,LuoZaotongandLuoSaiyin,requiringthemtomakethepaymentofgoodsandliquidateddamages;8.Becauseofadisputeoveranagencyagreement,theCompany'ssubsidiary,HenanFrestecRefrigerationApplianceCo.,Ltd.,suedShantouMeisenTechnologyCo.,Ltd.,ShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,LinYuanqin,HuangRuirong,JiangsuHuadongHardwareZoneCo.,Ltd.,andChuangfuCommerce&TradePlazaRealEstateDevelopment(Huizhou)Co.,Ltd.,requestingtoterminatethecontractandrequestingthemtoreturnthepaymentofgoodsandliquidateddamagesandpriorityshallbegiventothepaymentforthesecuredassets;9.Becauseofadisputeoveranagencyagreement,theCompany'ssubsidiary,HenanFrestecRefrigerationApplianceCo.,Ltd.suedShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,ShantouMeisenTechnologyCo.,Ltd.,LinYuanqin,HuangRuirong,ChuangfuCommercial&TradePlazaRealEstateDevelopment(Huizhou)Co.,Ltd.,requestingtoterminatethecontractandrequestingthemtoreturnthepaymentofgoodsandliquidateddamagesandpriorityshallbegiventothepaymentforthesecuredassets;10.BecauseofadisputeoveranAgencyAgreement,theCompany'ssubsidiary,AnhuiKonkaElectronicsTechnologyCo.,Ltd.suedShantouMeisenTechnologyCo.,Ltd.,ShenzhenMeisenyuanPlastic
KonkaGroupCo.,Ltd.AnnualReport2021
ElectronicsCo.,Ltd.,LinYuanqin,HuangRuirong,JiangsuHuadongHardwareZoneCo.,Ltd.,requestingtoterminatethecontractandrequestingthemtoreturnthepaymentofgoodsandliquidateddamagesandpriorityshallbegiventothepaymentforthesecuredassets;12.BecauseofadisputeoveranAgencyAgreement,theCompany'ssubsidiary,HainanKonkaMaterialTechnologyCo.,Ltd.suedShantouMeisenTechnologyCo.,Ltd.,ShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,JiangsuHuadongHardwareZoneCo.,Ltd.,requestingtoterminatethecontractandrequestingthemtoreturnthepaymentofgoodsandliquidateddamagesandpriorityshallbegiventothepaymentforthesecuredassets;13.Duetotheinfringementoftrademarkandunfaircompetition,theCompanysuedFu'anXinshangElectronicsCo.,Ltd.,FujianZhaoguanIndustryandTradeCo.,Ltd.,JinhuaKangjiaMedicalApparatusFactory,andWangJun,requestinganordertoceasetheinfringementandanclaimforcompensationforlosses;14.Becauseofadisputeoverrepurchase,theCompanysuedLuoZaotong,LuoJingxia,LuoZongyin,LuoZongwu,ShenzhenYaodeTechnologyCo.,Ltd.,requestingthepaymentofsharerepurchaseandinterest;15.Becauseofadisputeoveracontract,MakenaElectronic(Shenzhen)Co.,Ltd.filedalawsuit,requestingtheCompanyanditssubsidiaryShenzhenKonkaElectronicsTechnologyCo.,Ltd.topaythepriceofgoodsandtheinterestforlatepayment.
XIIPunishmentsandRectifications
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIIICreditQualityoftheCompanyaswellasitsControllingShareholderandDeFactoController
□Applicable√NotapplicableXIVMajorRelated-PartyTransactions
1.ContinuingRelated-PartyTransactions
√Applicable□Notapplicable
Related
party
Relatedparty | RelationshipwiththeCompany | Typeoftransaction | Specifictransaction | Pricingprinciple | Transactionprice | Totalvalue(RMB’0,000) | As%oftotalvalueofallsame-typetransactions | Approvedtransactionline(RMB’0,000) | Overtheapprovedlineornot | Methodofsettlement | Obtainablemarketpriceforsame-typetransactions | Disclosuredate | Indextodisclosedinformation |
OCTEnterprisesCo.,Ltdanditssubsidiaries | Underthesameactualcontroller | Purchaseofcommoditiesandservices | Propertymanagement,utilities,officeleases | Negotiatedprice | Marketprice | 7,855.32 | 1.13% | 10,000 | Not | Cash | N/A | 24Mar.2021 | |
OCTEnterprisesCo., | Underthe | Salesofgood | TVs,intelligentterminals, | Negotiated | Marketpric | 4,613.03 | 0.63% | 10,000 | Not | Cash | N/A | 24Mar.2021 |
KonkaGroupCo.,Ltd.AnnualReport2021
Ltdanditssubsidiaries
Ltdanditssubsidiaries | sameactualcontroller | sandservices | etc.andrelatedservices | price | e | ||||||||
Total | -- | -- | 12,468.35 | -- | 20,000 | -- | -- | -- | -- | -- | |||
Large-amountsalesreturnindetail | N/A | ||||||||||||
GivetheactualsituationintheReportingPeriod(ifany)whereanestimatehadbeenmadeforthetotalvalueofcontinuingrelated-partytransactionsbytypetooccurintheReportingPeriod | TheCompanyhaspublishedtheForecastingPublicNoticeonRoutineRelated-partyTransactionforY2021onSecuritiesTimes,ShanghaiSecuritiesNews,andChinaSecuritiesJournalaswellastheInternetwebsitedesignatedbyCSRChttp://http://www.cninfo.com.cn/new/indexon24March2021.IntheReportingPeriod,thebasisforpricing,transactionprice,transactionamountandsettlementmethodsofrawmaterialspurchasedbytheCompanywerebasicallyinaccordancewiththeforecast.ThetotalamountwasRMB124.6835million. | ||||||||||||
Reasonforanysignificantdifferencebetweenthetransactionpriceandthemarketreferenceprice(ifapplicable) | N/A |
2.Related-PartyTransactionsRegardingPurchaseorSalesofAssetsorEquityInterests
√Applicable□NotapplicableReferto7.OtherMajorRelated-PartyTransactionsofthissectionfordetails.
3.RelatedTransactionsRegardingJointInvestmentsinThirdParties
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
4.CreditsandLiabilitieswithRelatedParties
√Applicable□NotapplicableIndicatebytickmarkwhethertherewereanycreditsandliabilitieswithrelatedpartiesfornon-operatingpurposes.
√Yes□NoCreditsreceivablewithrelatedparties:
Relatedparty | Relatedrelationship | Formingreason | Whetherthereisoccupationonnon-operatingcapitalornot | Beginningbalance(RMB’0,000) | IncreasedintheReportingPeriod(RMB’0,000) | RecoveredintheReportingPeriod(RMB’0,000) | Interestrate | InterestintheReportingPeriod(RMB’0,000) | Endingbalance(RMB’0,000) |
KonkaGroupCo.,Ltd.AnnualReport2021
YibinOCTSanjiangPropertiesCo.,Ltd.
YibinOCTSanjiangPropertiesCo.,Ltd. | Subsidiaryofcontrollingshareholder | Demandofbusinessdevelopment | Not | 7,500.00 | 0 | 7,500.00 | 5.70% | 184.35 | 0 |
ChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd. | Subsidiaryofcontrollingshareholder | Demandofbusinessdevelopment | Not | 16,084.74 | 0 | 311.10 | 7.00% | 1,121.43 | 15,773.64 |
EffectsofcreditswithrelatedpartiesontheCompany’soperatingresultsandfinancialconditions | NoeffecttothenormaloperationoftheCompany.OthershareholdersofYibinOCTSanjiangPropertiesCo.,Ltd.andChuzhouKangjinHealthIndustryDevelopmentCo.,Ltd.offerfinancialassistanceunderthesameconditionsinaccordancetotheirshareholdingratio. |
Liabilitiespayablewithrelatedparties:
Relatedparty | Relatedrelationship | Formingreason | Beginningbalance(RMB’0,000) | IncreasedintheReportingPeriod(RMB’0,000) | RecoveredintheReportingPeriod(RMB’0,000) | Interestrate | InterestintheReportingPeriod(RMB’0,000) | Endingbalance(RMB’0,000) |
OCTEnterprisesCo.,Ltd. | Controllingshareholder | TheCompanyappliesentrustedloantoit | 2,406.00 | 2,406.00 | 4.04% | 20.52 | ||
8,700.00 | 8,700.00 | 4.04% | 74.20 | |||||
50,000.00 | 48,909.00 | 4.04% | 783.25 | 1,091.00 | ||||
50,000.00 | 50,000.00 | 4.04% | 1,694.56 | |||||
50,000.00 | 50,000.00 | 4.04% | 1,655.28 | |||||
50,000.00 | 50,000.00 | 4.04% | 1,576.72 | |||||
50,000.00 | 50,000.00 | 4.04% | 1,408.39 | |||||
50,000.00 | 50,000.00 | 4.04% | 1,099.78 | |||||
40,000.00 | 40,000.00 | 4.04% | 579.07 | |||||
100,000.00 | 4.04% | 942.67 | 100,000.00 | |||||
20,000.00 | 4.04% | 103.24 | 20,000.00 | |||||
50,000.00 | 50,000.00 | 0.00% | ||||||
Effectsofliabilitieswithrelatedpartiesonthe | TheCompanyappliesentrustedloanfromOCTEnterprisesCo.,Ltd.whichmeetstheneedsofthecompany'sexistingbusinessdevelopmentandreducesthefinancingcost. |
KonkaGroupCo.,Ltd.AnnualReport2021
Company’soperatingresultsandfinancialconditions
5.TransactionswithRelatedFinanceCompanies
□Applicable√NotapplicableTheCompanydidnotmakedepositsin,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedfinancecompanyoranyotherrelatedparties.
6.TransactionswithRelatedPartiesbyFinanceCompaniesControlledbytheCompany
□Applicable√NotapplicableThefinancecompanycontrolledbytheCompanydidnotmakedeposits,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedparties.
7.OtherMajorRelated-PartyTransactions
√Applicable□Notapplicable
(1)ProvidesecuritylimittoShareholdingRelatedCompany:TheProposalonProvidingSecurityLimittoYibinOCTSanjiangRealEstateCo.,Ltd.wasreviewedandpassedatthe40thMeetingoftheNinthBoardofDirectorsheldonMarch22,2021,andthe2020Shareholders'GeneralMeetingonApril19,2021,whichdecidedthattheCompanywillcontinuetoprovideYibinOCTSanjiangRealEstateCo.,Ltd.withasecuritylimitofRMB400millionattheshareholdingratiowithatermofthreeyears,afterthesecuritylimit,reviewedandpassedatthe2018ThirdExtraordinaryGeneralMeeting,isdue.YibinOCTSanjiangRealEstateCo.,Ltd.willusethissecuritylimittoapplyforaloanwiththebank.OthershareholdersofYibinOCTSanjiangRealEstateCo.,Ltd.willprovidesecuritytoitattheirrespectiveshareholdingratios.
(2)ProvidingadvertisingservicestoOCTGroup:Atthe42ndMeetingoftheNinthSessionoftheBoardofDirectorson28May2021,theCompanyconsideredandapprovedtheProposalonProvidingAdvertisingServicestoOCTGroup.Accordingtothedecision,theCompanywouldprovideOCTGroup(inclusiveofitssubsidiaries)withadvertisingservicesatintelligentterminalswithaservicetransactionpriceofnomorethanRMB100million.
(3)Transfer70%oftheequityinShenzhenYipingfangNetworkTechnologyCo.,Ltd.:TheProposalonTransferofSomeofEquityinShenzhenYipingfangNetworkTechnologyCo.,Ltd.wasreviewedandapprovedatthe44thMeetingoftheNinthBoardofDirectorsoftheCompanyheldonAugust2,2021andlateratthe2ndExtraordinaryGeneralMeetingof2021heldonAugust18,2021,whichdecidedthatthe70%oftheequityinShenzhenYipingfangNetworkTechnologyCo.,Ltd.heldbytheCompanywillbepubliclytransferredatthestate-ownedpropertyrightexchange.TheCompany'scontrollingshareholder,OverseasChineseTownHoldingsCompany(OCTGroup)(oritscontrollingshareholder)mightparticipateinthedelistingofsomeoftheequityinShenzhenYipingfangNetworkTechnologyCo.,Ltd.InDecember2021,aconsortiumof17transfereesincludingShenzhenQiaoyiDigitalTechnologyCo.,Ltd.,awholly-ownedsubsidiaryofthe
KonkaGroupCo.,Ltd.AnnualReport2021
Company'scontrollingshareholderOCTGroupCo.,Ltd.,wonthebidfor70%equityofShenzhenE2infoNetworkTechnologyCo.,Ltd.accordingtotherulesontransactionofstate-ownedpropertyrights.ShenzhenQiaoyiDigitalTechnologyCo.,Ltd.won35%equityofShenzhenE2infoNetworkTechnologyCo.,Ltd.
(4)Leasingpropertiesfromrelatedparties:TheCompanyheldthe49thmeetingoftheninthBoardofDirectorson5November2021.ThemeetingreviewedandapprovedtheProposalonLeasingPropertiesfromRelatedParties,anddecidedtoleasethepropertylocatedinGongrencunRoad,QingshanDistrict,Wuhan.Thetotalareaofthepropertyisnomorethan116,097squaremetersandtherentdoesnotexceedRMB197million.
(5)Issuingsharesandpurchasingassetswithcashandraisingsupportingfundsandrelatedtransactions:On10September2021,proposalsincludingtheProposalontheCompany'sIssuanceofSharesandCashPaymentandRaisingSupportingFundsandRelatedTransactionswerereviewedandapprovedonthe46thmeetingoftheninthBoardofDirectorsoftheCompany,whichproposedtoissuesharesto11shareholdersofGanzhoMinggaoTechnologyCo.,Ltd.,includingShenzhenMingGaoInvestmentHoldingCo.,Ltd.,topurchase100%equityofGanzhoMingGaoTechnologyCo.,Ltd.theyareholding;toissuesharesandpaycashto33shareholdersofJiangsuHighstarBatteryManufacturingCo.,Ltd.,includingJiangsuHighstarGroupCo.,Ltd.,topurchase100%equityofJiangsuHighstarBatteryManufacturingCo.,Ltd.theyareholding;andtoissuesharestotheCompany'scontrollingshareholderOCTGroupCo.,Ltd.toraisesupportingfunds(hereinafterreferredto"transaction").Sincethedisclosureofthistransactionplan,theCompanyandrelatedpartieshavebeenadvancingandimplementingthevarioustasksofthistransactioninanorderlymanner.However,asnoagreementwasreacheduponpartofthecoreclausesbetweentheCompanyandtheshareholdersofJiangsuHighstarBatteryManufacturingCo.,Ltd.,inordertoprotecttherightsandinterestsofallshareholders,especiallyminorityshareholders,andtheinterestsoftheCompany,theCompanyterminatedthetransactionon4March2022afterthoroughresearch.Indextothepublicannouncementsaboutthesaidrelated-partytransactionsdisclosed
Titleofpublicannouncement
Titleofpublicannouncement | Disclosuredate | Disclosurewebsite |
AnnouncementonProvidingGuaranteeLineforJointStockCompanyandRelated-partyTransaction | 24March2021 | http://www.cninfo.com.cn/new/index |
AnnouncementonProvidingAdvertisingServicestoOCTGroupandRelated-partyTransaction | 1June2021 | |
AnnouncementonListingTransferofSomeEquityofShenzhenE2infoNetworkTechnologyCo.,Ltd. | 3August2021 | |
PlanonofAcquisitionofAssetsbyShareIssuanceandCashPaymentandRaisingSupportingFundsandRelatedTransactions | 11September2021 | |
AnnouncementonLeasingPropertytoRelatedParty | 6November2021 |
KonkaGroupCo.,Ltd.AnnualReport2021
AnnouncementonTerminationofAcquisitionofAssetsbyShareIssuanceandCashPaymentandRaisingSupportingFundsandRelatedTransactions
AnnouncementonTerminationofAcquisitionofAssetsbyShareIssuanceandCashPaymentandRaisingSupportingFundsandRelatedTransactions | 7March2022 |
XVMajorContractsandExecutionthereof
1.Entrustment,ContractingandLeases
(1)Entrustment
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(2)Contracting
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(3)Leases
√Applicable□NotapplicableNotetoleasesNosignificantleasesintheReportingPeriod.TherentofKonkaDevelopmentBuildinghasreceivedRMB59,572,715.58intheReportingPeriod.Theprojectbringingaboutgainsorlossesasover10%oftotalprofitintheReportingPeriod
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.MajorGuarantees
√Applicable□Notapplicable
Unit:RMB'0,000
GuaranteesprovidedbytheCompanyanditssubsidiariesforexternalparties(exclusiveofthoseforsubsidiaries) | ||||||||||
Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
YibinOCTSanjiangPropertiesCo.,Ltd. | 2018-09-19 | 40,000 | 2019-09-29 | 14,000 | Joint-liability | No | Not | Threeyears | Not | Yes |
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 2018-09-19 | 24,500 | 2019-09-23 | 24,500 | Joint-liability | No | Not | Threeyears | Not | Yes |
EconTechnology | 2018-09-19 | 55,800 | 2021-08-11 | 24,000 | Joint-liability | No | Othershareholderof | Fivemonths | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2021
EconTechnologyprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline
2021-01-29 | 3,000 | Joint-liability | No | EconTechnologyprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Oneyear | Not | Not | |||||||||||
2021-03-24 | 5,000 | Joint-liability | No | Oneyear | Not | Not | ||||||||||||
2021-06-08 | 8,800 | Joint-liability | No | Oneyear | Not | Not | ||||||||||||
2021-06-18 | 5,000 | Joint-liability | No | Oneyear | Not | Not | ||||||||||||
2021-06-28 | 10,000 | Joint-liability | No | Oneyear | Not | Not | ||||||||||||
JiangxiXinxinJian’anEngineeringCo.,Ltd. | 10,000 | 2016-12-12 | 10,000 | Joint-liability | No | Not | Not | Not | Not | |||||||||
JiangxiZhongyiDecorationMaterialsCo.,Ltd. | 10,000 | 2016-12-12 | 10,000 | Joint-liability | No | Not | Not | Not | Not | |||||||||
JiangxiShanshiTechnologicalDevelopmentCo.,Ltd. | 10,000 | 2016-12-12 | 10,000 | Joint-liability | No | Not | Not | Not | Not | |||||||||
TotalapprovedlineforsuchguaranteesintheReportingPeriod(A1) | 40,000 | TotalactualamountofsuchguaranteesintheReportingPeriod(A2) | 55,800 | |||||||||||||||
TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(A3) | 189,500 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(A4) | 124,300 | |||||||||||||||
GuaranteesprovidedbetweentheCompanyandsubsidiaries | ||||||||||||||||||
Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot | ||||||||
Anhui | 2017-07-3 | 90,00 | 2020-08-06 | 3,000 | Joint-liabil | No | Not | One | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2021
Tongchuang
Tongchuang | 1,2018-05-23and2018-09-19 | 0 | ity | yearandahalf | ||||||
2021-01-21 | 5,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||
2021-02-25 | 4,500 | Joint-liability | No | Not | Oneyear | Not | Not | |||
2021-05-12 | 3,500 | Joint-liability | No | Not | Oneyear | Not | Not | |||
2021-07-16 | 6,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||
2021-10-28 | 3,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||
HongKongKonka | 2017-03-31and2018-10-31 | 355,000 | 2020-12-28 | 20,000 | Joint-liability | No | Not | Oneyearandahalf | Not | Not |
2021-09-08 | 11,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||
2021-02-26 | 9,564 | Joint-liability | No | Not | Oneyear | Not | Not | |||
BoluoKonkaPrecision | 2018-03-31 | 5,000 | 2020-08-19 | 2,480 | Joint-liability | No | Not | Threeyears | Not | Not |
ElectronicsTechnology | 2018-09-19 | 350,000 | 2021-10-18 | 7,000 | Joint-liability | No | Not | Oneyear | Not | Not |
2021-11-05 | 50,000 | Joint-liability | No | Not | Oneyear | Not | Not | |||
DongguanKonka | 2018-09-19and2021-03-24 | 90,000 | 2021-02-08 | 5,000 | Joint-liability | No | Not | Oneyear | Not | Not |
2021-06-23 | 80,000 | Joint-liability | No | Not | Tenyears | Not | Not | |||
XingDaHongYe | 2018-09-19 | 10,000 | 2020-11-12 | 5,800 | Joint-liability | No | OthershareholderofXingDaHongYeprovidesacounterguarante | Twoyears | Not | Not |
2020-12-25 | 2,000 | Joint-liability | No | Threeyears | Not | Not | ||||
2021-05-31 | 1,250 | Joint-liability | No | Twoyears | Not | Not | ||||
2021-05-31 | 750 | Joint-liability | No | Twoyears | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2021
efortheCompanyfor49%oftheguaranteeline
efortheCompanyfor49%oftheguaranteeline | ||||||||||
JiangxiKonka | 2018-10-31 | 60,000 | 2020-11-06 | 10,000 | Joint-liability | No | OthershareholderofJiangxiKonkaprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Threeyears | Not | Not |
2021-06-26 | 6,000 | Joint-liability | No | Oneyear | Not | Not | ||||
2020-09-29 | 10,000 | Joint-liability | No | Threeyears | Not | Not | ||||
2020-12-21 | 5,000 | Joint-liability | No | Twoyears | Not | Not | ||||
2019-06-26 | 5,500 | Joint-liability | No | Threeyears | Not | Not | ||||
2019-10-30 | 6,500 | Joint-liability | No | Threeyears | Not | Not | ||||
2020-03-20 | 990 | Joint-liability | No | Twoyears | Not | Not | ||||
2020-12-30 | 1,000 | Joint-liability | No | Threeyears | Not | Not | ||||
XinfengMicrocrystalline | 2019-03-30 | 25,000 | 2020-05-19 | 5,000 | Joint-liability | No | OthershareholderofXinfengMicrocrystallineprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Threeyears | Not | Not |
2020-05-29 | 3,479 | Joint-liability | No | Twoyearsandahalf | Not | Not | ||||
2020-12-08 | 2,100 | Joint-liability | No | Threeyears | Not | Not | ||||
2021-12-27 | 7,200 | Joint-liability | No | Oneyear | Not | Not | ||||
2021-06-18 | 7,200 | Joint-liability | No | Oneyear | Not | Not | ||||
JiangxiHigh | 2019-03-30 | 45,000 | 2019-06-26 | 10,000 | Joint-liability | No | Othersharehol | Threeyears | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2021
TransparentSubstrate
TransparentSubstrate | 2020-01-08 | 5,000 | Joint-liability | No | derofJiangxiHighTransparentSubstrateprovidesacounterguaranteefortheCompanyfor49%oftheguaranteeline | Threeyears | Not | Not | ||
2019-12-20 | 5,000 | Joint-liability | No | Threeyears | Not | Not | ||||
2020-01-08 | 5,000 | Joint-liability | No | Twoyears | Not | Not | ||||
2020-03-20 | 990 | Joint-liability | No | Twoyears | Not | Not | ||||
2020-05-29 | 5,975 | Joint-liability | No | Twoyears | Not | Not | ||||
2020-07-14 | 6,000 | Joint-liability | No | Threeyears | Not | Not | ||||
SichuanKonka | 2018-03-31and2021-03-24 | 65,000 | 2019-03-18 | 4,000 | Joint-liability | No | No | Threeyears | Not | Not |
NingboKanghanrui | 2020-06-06 | 18,000 | 2020-10-15 | 6,000 | Joint-liability | No | No | Twoyears | Not | Not |
2021-07-12 | 6,000 | Joint-liability | No | No | Oneyear | Not | Not | |||
YibinKangrun | 2020-10-24 | 10,000 | 2020-11-13 | 10,000 | Joint-liability | No | OthershareholderofYibinKangrunprovidesacounterguaranteefortheCompanyfor33%oftheguaranteeline | Fouryears | Not | Not |
Telecommunicatio | 2017-3-31 | 50,000 | 2021-04-30 | 7,500 | Joint-liabil | No | No | One | Not | Not |
KonkaGroupCo.,Ltd.AnnualReport2021
nTechnology
nTechnology | ity | year | |||||||||
AnhuiKonka | 2017-03-31 | 110,000 | 2020-11-25 | 10,000 | Joint-liability | No | OthershareholderofAnhuiKonkaprovidesacounterguaranteefortheCompanyfor22%oftheguaranteeline | Oneyearandahalf | Not | Not | |
2021-03-25 | 20,000 | Joint-liability | No | Oneyear | Not | Not | |||||
2021-04-02 | 5,500 | Joint-liability | No | Oneyear | Not | Not | |||||
2021-04-25 | 12,000 | Joint-liability | No | Oneyear | Not | Not | |||||
2021-08-10 | 28,000 | Joint-liability | No | Tenyears | Not | Not | |||||
2021-10-29 | 7,000 | Joint-liability | No | Fiveyears | Not | Not | |||||
KonkaCircuit | 2021-03-24 | 50,000 | 2021-05-24 | 20,000 | Joint-liability | No | No | Threeyearsandahalf | Not | Not | |
MobileInterconnection | 2017-03-31 | 5,000 | 2021-08-11 | 5,000 | Joint-liability | No | No | Oneyear | Not | Not | |
LiaoyangKangshun | 2021-03-24 | 10,000 | 2021-12-23 | 2,000 | Joint-liability | No | No | Oneyear | Not | Not | |
KonkaXinyun | 2021-03-24 | 30,000 | 2021-07-12 | 20,000 | Joint-liability | No | No | Oneyear | Not | Not | |
TotalapprovedlineforsuchguaranteesintheReportingPeriod(B1) | 393,600 | TotalactualamountofsuchguaranteesintheReportingPeriod(B2) | 339,964 | ||||||||
TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(B3) | 2,210,881 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(B4) | 490,778 | ||||||||
Guaranteesprovidedbetweensubsidiaries | |||||||||||
Obligor | Disclosuredateoftheguaranteelineannounce | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyor |
KonkaGroupCo.,Ltd.AnnualReport2021
ment
ment | not | |||||||||||
SichuanKonka | 2018-05-30 | 14,000 | 2018-05-28 | 14,000 | Joint-liability | No | No | Sevenyears | Not | Not | ||
SichuanKonka | 2021-12-04 | 28,772 | 2021-12-03 | 28,772 | Mortgage | Houseproperty | No | Sevenyears | Not | Not | ||
AnhuiElectricalAppliance | 13,500 | 2020-07-03 | 13,500 | Mortgage,pledge | Lands,houseproperty,equityinterests | No | Threeyears | Not | Not | |||
BoluoKonkaPrecision | 12,449 | 2021-07-06 | 12,449 | Mortgage | Houseproperty | No | Twoyears | Not | Not | |||
BoluoKonkaPrecision | 500 | 2021-06-28 | 500 | Mortgage | Houseproperty | No | Oneyear | Not | Not | |||
TotalapprovedlineforsuchguaranteesintheReportingPeriod(C1) | 12,949 | TotalactualamountofsuchguaranteesintheReportingPeriod(C2) | 12,949 | |||||||||
TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(C3) | 69,221 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(C4) | 69,221 | |||||||||
Totalguaranteeamount(totalofthethreekindsofguaranteesabove) | ||||||||||||
TotalguaranteelineapprovedintheReportingPeriod(A1+B1+C1) | 446,549 | TotalactualguaranteeamountintheReportingPeriod(A2+B2+C2) | 408,713 | |||||||||
TotalapprovedguaranteelineattheendoftheReportingPeriod(A3+B3+C3) | 2,469,602 | TotalactualguaranteebalanceattheendoftheReportingPeriod(A4+B4+C4) | 684,299 | |||||||||
Totalactualguaranteeamount(A4+B4+C4)as%oftheCompany’snetassets | 75.24% | |||||||||||
Ofwhich: | ||||||||||||
Balanceofguaranteesprovidedforshareholders,actualcontrollerandtheirrelatedparties(D) | 38,500 | |||||||||||
Balanceofdebtguaranteesprovideddirectlyorindirectlyforobligorswithanover70%debt/assetratio(E) | 565,799 | |||||||||||
Amountbywhichthetotalguaranteeamountexceeds50%oftheCompany’snetassets(F) | 229,535 | |||||||||||
Totalofthethreeamountsabove(D+E+F) | 684,299 | |||||||||||
JointresponsibilitiespossiblyborneintheReportingPeriodforundueguarantees(ifany) | N/A |
KonkaGroupCo.,Ltd.AnnualReport2021
Provisionofexternalguaranteesinbreachoftheprescribedprocedures(ifany)
Provisionofexternalguaranteesinbreachoftheprescribedprocedures(ifany) | N/A |
Compoundguarantees:
None
3.CashEntrustedforWealthManagement
(1)CashEntrustedforWealthManagement
√Applicable□NotapplicableOverviewofcashentrustedforwealthmanagementintheReportingPeriod
Unit:RMB’0,000
Type | Fundingsource | Amount | Undueamount | Unrecoveredoverdueamount | Unrecoveredoverdueamountwithprovisionforimpairment |
Bankfinancialproducts | Self-owned | 61,990.62 | 0 | 0 | 0 |
Total | 61,990.62 | 0 | 0 | 0 |
High-riskentrustedwealthmanagementwithsignificantsingleamountorlowsecurityandpoorliquidity:
□Applicable√NotapplicableWhetherthereisthecasewheretheprincipalcannotberecoveredatmaturityorothercasewhichmaycauseimpairmentforentrustedwealthmanagement
□Applicable√Notapplicable
(2)EntrustedLoans
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
4.OtherMajorContracts
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XVIOtherSignificantEvents
√Applicable□Notapplicable(I)Non-publicofferingofcorporatebonds:Currently,thenon-publicofferingofcorporatebondsofRMB2.3billionwasfullyissuedbythreetrancheson9January2021,21May2021,and9July2021,respectively.ThepublicofferingofcorporatebondsofRMB2.7billionhasbeenreviewedattheShareholders'GeneralMeetingofKonka(hereinafterreferredtoasthe"Company"),andrelevantmattersarebeingpromotedasplanned.(II)Initiationandestablishmentoffunds:ThetotalunitsoftheOriental-KonkaIndustryM&AFundworthRMB1,001,000,000.ShenzhenKonkaInvestmentHoldingCo.,Ltd.contributedRMB500million,accountingfor49.95%ofthetotalunits.Bythedateofthisreport,ShenzhenKonka
KonkaGroupCo.,Ltd.AnnualReport2021
InvestmentHoldingCo.,Ltd.hascontributedRMB482,270,000.ThefundinvestedinJiangxiYahuaElectronicMaterialsCo.,Ltd.,GenewTechnologiesCo.,Ltd.,etc.ThetotalunitsoftheKunshan-CITIC-KonkaEmergingIndustryDevelopmentInvestmentFundworthRMB1,006,000,000.ShenzhenKonkaInvestmentHoldingCo.,Ltd.contributedRMB500million,accountingfor49.7018%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB43,810,000.ThefundinvestedinUNIONTECH,HerculesMicrosystems(HME),etc.ThetotalunitsoftheTongxiangWuzhenJiayuDigitalEconomicIndustryFundworthRMB500million.ShenzhenKonkaInvestmentHoldingCo.,Ltd.contributedRMB200million,accountingfor40%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.hascontributedRMB120,000,000.ThefundinvestedinFeidiTechnology(Shenzhen)Co.,Ltd.,CASICLOUD,etc.TheYibinKanghuiElectronicInformationIndustryEquityInvestmentFund,theYanchengKangyanIndustryInvestmentFund,andtheChongqingKangxinEquityInvestmentFundhavebeenfiledwiththeAssetManagementAssociationofChina(AMAC).ThetotalunitsofYibinKanghuiElectronicInformationIndustryEquityInvestmentFundworthRMB1,002,000,000.ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.contributedRMB401million,accountingfor40.02%ofthetotalunits.Bytheissuancedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.havecontributedRMB104million.ThefundinvestedinTalkwebInformationSystemCo.,Ltd.andShenzhenE2infoNetworkTechnologyCo.,Ltd.ThetotalunitsofYanchengKangyanIndustryInvestmentFunworthRMB3,000million.ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.contributedRMB1201,500,000,accountingfor40.05%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.havecontributedRMB217,370,000.ThefundinvestedinAnhuiZhongdianXingfaandXinlongCo.,Ltd.,ShenzhenE2infoNetworkTechnologyCo.,Ltd.,XiyueNewMediaNo.2(Zhuhai)InvestmentFundPartnership(limitedpartnership).ThetotalunitsofChongqingKangxinEquityInvestmentFundPartnership(limitedpartnership)worthRMB2billion.ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.contributedRMB1billion,accountingfor50.00%ofthetotalunits.Bythedateofthisreport,ShenzhenKonkaInvestmentHoldingCo.,Ltd.andShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd.havecontributedRMB101million.ThefundinvestedinShenzhenE2infoNetworkTechnologyCo.,Ltd.(III)Disclosureindexofsignificantinformation
AnnouncementNo.
AnnouncementNo. | Date | Title | Pageonnewspaper | Linkonhttp://w |
KonkaGroupCo.,Ltd.AnnualReport2021
ww.cninfo.com.cn
ww.cninfo.com.cn | ||||
2021-01 | 2021-1-9 | AnnouncementonIssuanceResultsofNon-publicOfferingofCorporateBonds(TrancheI)in2021 | SecuritiesTimesB48,ShanghaiSecuritiesNews11etc. | http://www.cninfo.com.cn/new/index |
2021-02 | 2021-1-14 | IndicativeAnnouncementonPreparationforTransferof17%ofEquityinYantaiKangyunIndustryDevelopmentCo.,Ltd. | SecuritiesTimesB15,ShanghaiSecuritiesNews22etc. | |
2021-03 | 2021-1-30 | 2020ResultForecast | SecuritiesTimesB22,ShanghaiSecuritiesNews67etc. | |
2021-04 | 2021-1-30 | AnnouncementonProgressofSecurityforControllingCompany | SecuritiesTimesB22,ShanghaiSecuritiesNews67etc. | |
2021-05 | 2021-2-10 | AnnouncementonTransferof17%ofEquityinYantaiKangyunIndustryDevelopmentCo.,Ltd. | SecuritiesTimesB13,ShanghaiSecuritiesNews72etc. | |
2021-06 | 2021-2-10 | AnnouncementonSigningProjectAdmissionAgreementwithXi'anInternationalPortDistrictManagementCommittee | SecuritiesTimesB13,ShanghaiSecuritiesNews72etc. | |
2021-07 | 2021-2-25 | AnnouncementonResignationofChairmanofBoardofSupervisors | SecuritiesTimesB54,ShanghaiSecuritiesNews38etc. | |
2021-08 | 2021-2-27 | NoticeonConvening2021FirstExtraordinaryGeneralMeeting | SecuritiesTimesB11,ShanghaiSecuritiesNews33etc. | |
2021-09 | 2021-2-27 | AnnouncementonProvidingFinancialAssistancetoYantaiKangyunIndustryDevelopmentCo.,Ltd.atShareholdingRatio | SecuritiesTimesB11,ShanghaiSecuritiesNews33etc. | |
2021-10 | 2021-2-27 | AnnouncementonSomeAccountingPolicyChanges | SecuritiesTimesB11,ShanghaiSecuritiesNews33etc. | |
2021-11 | 2021-2-27 | AnnouncementonResolutionsof11thMeetingoftheNinthBoardofSupervisors | SecuritiesTimesB11,ShanghaiSecuritiesNews33etc. | |
2021-12 | 2021-2-27 | AnnouncementonResolutionsof39thMeetingoftheNinthBoardofDirectors | SecuritiesTimesB11,ShanghaiSecuritiesNews33etc. | |
2021-13 | 2021-2-27 | AnnouncementonProgressofSecurityforControllingCompany | SecuritiesTimesB11,ShanghaiSecuritiesNews33etc. | |
2021-14 | 2021-3-2 | AnnouncementonTransferof39%ofEquityinShanghaiKonkaGreenTechnologyCo.,Ltd. | SecuritiesTimesB23,ShanghaiSecuritiesNews49etc. | |
2021-15 | 2021-3-16 | AnnouncementonResolutionsof2021FirstExtraordinaryGeneralMeeting | SecuritiesTimesB40,ShanghaiSecuritiesNews81etc. | |
2021-16 | 2021-3-16 | AnnouncementonResolutionsof12thMeetingoftheNinthBoardofSupervisors | SecuritiesTimesB40,ShanghaiSecuritiesNews81etc. | |
2021-17 | 2021-3-20 | AnnouncementonReceiptofGovernmentGrantby | SecuritiesTimesB10,ShanghaiSecurities |
KonkaGroupCo.,Ltd.AnnualReport2021
WhollyOwnedSubsidiary
WhollyOwnedSubsidiary | News73etc. | ||
2021-18 | 2021-3-20 | AnnouncementonProgressofSecurityforWhollyOwnedSubsidiary | SecuritiesTimesB87,ShanghaiSecuritiesNews73etc. |
2021-19 | 2021-3-24 | AnnouncementonResolutionsof13thMeetingoftheNinthBoardofSupervisors | SecuritiesTimesB94,ShanghaiSecuritiesNews105etc. |
2021-20 | 2021-3-24 | AnnouncementonExpectedRoutineConnectedTransactionsin2021 | SecuritiesTimesB93,ShanghaiSecuritiesNews105etc. |
2021-21 | 2021-3-24 | AnnouncementonProvisionofReservesforAssetImpairmentfor2020 | SecuritiesTimesB94,ShanghaiSecuritiesNews105etc. |
2021-22 | 2021-3-24 | AnnouncementonPlanofProfitDistributionfor2020 | SecuritiesTimesB94,ShanghaiSecuritiesNews105etc. |
2021-23 | 2021-3-24 | AnnouncementonEngagementofAnnualFinancialStatementAuditorandInternalControlAuditorfor2021 | SecuritiesTimesB95,ShanghaiSecuritiesNews105etc. |
2021-24 | 2021-3-24 | AnnouncementonExternalSecurity | SecuritiesTimesB94,ShanghaiSecuritiesNews105etc. |
2021-25 | 2021-3-24 | AnnouncementonProvidingSecurityLimittoandConductingConnectedTransactionwithShareholdingCompany | SecuritiesTimesB95,ShanghaiSecuritiesNews106etc. |
2021-26 | 2021-3-24 | NoticeonConvening2020Shareholders'GeneralMeeting | SecuritiesTimesB93,ShanghaiSecuritiesNews106etc. |
2021-27 | 2021-3-24 | Abstractof2020AnnualReport | SecuritiesTimesB93,ShanghaiSecuritiesNews105etc. |
2021-28 | 2021-3-24 | 2020AnnualReport | |
2021-29 | 2021-3-24 | AnnouncementonResolutionsof40thMeetingoftheNinthBoardofDirectors | SecuritiesTimesB93,ShanghaiSecuritiesNews106etc. |
2021-30 | 2021-3-27 | IndicativeAnnouncementonPreparationforTransferof51%ofEquityinShenzhenKangxinRealEstateCo.,Ltd. | SecuritiesTimesB123,ShanghaiSecuritiesNews56etc. |
2021-31 | 2021-3-27 | AnnouncementonProgressofSecurityforControllingSubsidiary | SecuritiesTimesB123,ShanghaiSecuritiesNews56etc. |
2021-32 | 2021-3-30 | AnnouncementonHolding2020OnlineResultRelease | SecuritiesTimesB27,ShanghaiSecuritiesNews120etc. |
2021-33 | 2021-4-1 | AnnouncementonProgressofTransferof17%ofEquityinYantaiKangyunIndustryDevelopmentCo.,Ltd. | SecuritiesTimesB27,ShanghaiSecuritiesNews72etc. |
2021-34 | 2021-4-10 | AnnouncementonSecurityforControllingCompany | SecuritiesTimesB120,ShanghaiSecuritiesNews137etc. |
2021-35 | 2021-4-14 | AnnouncementonProgressofTransferof39%ofEquityinShanghaiKonkaGreenTechnologyCo.,Ltd. | SecuritiesTimesB068,ShanghaiSecuritiesNews54etc. |
KonkaGroupCo.,Ltd.AnnualReport2021
2021-36
2021-36 | 2021-4-15 | 2021Q1ResultForecast | SecuritiesTimesB26,ShanghaiSecuritiesNews136etc. |
2021-37 | 2021-4-20 | AnnouncementonResolutionsof2020Shareholders'GeneralMeeting | SecuritiesTimesB100,ShanghaiSecuritiesNews152etc. |
2021-38 | 2021-4-21 | AnnouncementonCorrectionof2020AnnualReport | SecuritiesTimesB56,ShanghaiSecuritiesNews118etc. |
2021-39 | 2021-4-21 | IndicativeAnnouncementonPreparationforTransferofSomeofEquityinECONTECH | SecuritiesTimesB56,ShanghaiSecuritiesNews118etc. |
2021-40 | 2021-4-29 | AnnouncementonResolutionsof41stMeetingoftheNinthBoardofDirectors | SecuritiesTimesB25,ShanghaiSecuritiesNews152etc. |
2021-41 | 2021-4-29 | AnnouncementonTransferof51%ofEquityinShenzhenKangxinRealEstateCo.,Ltd. | SecuritiesTimesB25,ShanghaiSecuritiesNews152etc. |
2021-42 | 2021-4-29 | MainBodyof2021Q1Report | SecuritiesTimesB25,ShanghaiSecuritiesNews152etc. |
2021-43 | 2021-4-29 | FullTextof2021Q1Report | |
2021-44 | 2021-5-7 | AnnouncementonSigningCooperationFrameworkAgreementwithShenzhenElectronicIndustriesAssociation(SZEIA) | SecuritiesTimesB26,ShanghaiSecuritiesNews88etc. |
2021-45 | 2021-5-22 | AnnouncementonIssuanceResultsofNon-publicOfferingofCorporateBonds(TrancheII)in2021 | SecuritiesTimesB40,ShanghaiSecuritiesNews104etc. |
2021-46 | 2021-5-25 | AnnouncementonCompletionofPrivateEquityFundFilingandRegistrationofChongqingKangxinSemiconductorIndustryFundwhoseEstablishmentisParticipatedinbytheCompany | SecuritiesTimesB18,ShanghaiSecuritiesNews72etc. |
2021-47 | 2021-5-27 | AnnouncementonDistributionof2020AnnualEquity | SecuritiesTimesB35,ShanghaiSecuritiesNews81etc. |
2021-48 | 2021-6-1 | AnnouncementonAccumulativeLawsuitsandArbitrations | SecuritiesTimesB21,ShanghaiSecuritiesNews49etc. |
2021-49 | 2021-6-1 | AnnouncementonResolutionsof42ndMeetingoftheNinthBoardofDirectors | SecuritiesTimesB21,ShanghaiSecuritiesNews49etc. |
2021-50 | 2021-6-1 | AnnouncementonProvidingAdvertisingServicestoandConductingConnectedTransactionwithOverseasChineseTownHoldingsCompany(OCTGroup) | SecuritiesTimesB21,ShanghaiSecuritiesNews49etc. |
2021-51 | 2021-6-1 | AnnouncementonSecurityforControllingCompany | SecuritiesTimesB21,ShanghaiSecuritiesNews49etc. |
2021-52 | 2021-6-18 | AnnouncementonProgressofTransferof51%ofEquityinShenzhenKangxinRealEstateCo.,Ltd. | SecuritiesTimesB21,ShanghaiSecuritiesNews96etc. |
2021-53 | 2021-6-19 | AnnouncementonReplytoInquiryLetteron2020Annual | SecuritiesTimesB18,ShanghaiSecurities |
KonkaGroupCo.,Ltd.AnnualReport2021
ReportfromShenzhenStockExchange
ReportfromShenzhenStockExchange | News38etc. | ||
2021-54 | 2021-7-6 | AnnouncementonProgressofSecurityforControllingCompany | SecuritiesTimesB50,ShanghaiSecuritiesNews38etc. |
2021-55 | 2021-7-10 | AnnouncementonIssuanceResultsofNon-publicOfferingofCorporateBonds(TrancheIII)in2021 | SecuritiesTimesB33,ShanghaiSecuritiesNews56etc. |
2021-56 | 2021-7-21 | IndicativeAnnouncementonPreparationforTransferofSomeofEquityinShenzhenE2infoNetworkTechnologyCo.,Ltd. | SecuritiesTimesB20,ShanghaiSecuritiesNews56etc. |
2021-57 | 2021-7-27 | AnnouncementonProgressofSecurityforControllingSubsidiary | SecuritiesTimesB13,ShanghaiSecuritiesNews65etc. |
2021-58 | 2021-8-3 | AnnouncementonResolutionsofthe44thMeetingoftheninthBoardofDirectors | SecuritiesTimesB109,ShanghaiSecuritiesNews121etc. |
2021-59 | 2021-8-3 | AnnouncementonthePlanoftheCompany'sPublicOfferingofCorporateBondstoprofessionalinvestors | SecuritiesTimesB109,ShanghaiSecuritiesNews121etc. |
2021-60 | 2021-8-3 | AnnouncementonTransferofSomeofEquityinShenzhenE2infoNetworkTechnologyCo.,Ltd. | SecuritiesTimesB109,ShanghaiSecuritiesNews121etc. |
2021-61 | 2021-8-3 | AnnouncementonTransferofSomeofEquityinShandongEconTechnologyCo.,Ltd. | SecuritiesTimesB109,ShanghaiSecuritiesNews121etc. |
2021-62 | 2021-8-3 | NoticeonConvening2021SecondExtraordinaryGeneralMeeting | SecuritiesTimesB109,ShanghaiSecuritiesNews121etc. |
2021-63 | 2021-8-10 | AnnouncementonProgressofSecurityforControllingSubsidiary | SecuritiesTimesB46,ShanghaiSecuritiesNews97etc. |
2021-64 | 2021-8-19 | AnnouncementonResolutionsof2021SecondExtraordinaryGeneralMeeting | SecuritiesTimesB14,ShanghaiSecuritiesNews81etc. |
2021-65 | 2021-8-19 | AnnouncementonProgressofSecurityforControllingSubsidiary | SecuritiesTimesB14,ShanghaiSecuritiesNews81etc. |
2021-66 | 2021-8-28 | AnnouncementonSemi-annualProvisionofReservesforAssetImpairmentfor2021 | SecuritiesTimesB27,ShanghaiSecuritiesNews33etc. |
2021-67 | 2021-8-28 | Summaryof2021InterimReport | SecuritiesTimesB27,ShanghaiSecuritiesNews33etc. |
2021-68 | 2021-8-28 | 2021InterimReport | SecuritiesTimesB27,ShanghaiSecuritiesNews33etc. |
2021-69 | 2021-8-31 | AnnouncementonTradingSuspensionDuetoPreparationforIssuanceofSharestoPurchaseAssets | SecuritiesTimesB18,ShanghaiSecuritiesNews198etc. |
2021-70 | 2021-9-3 | AnnouncementonApprovaloftheJoint-stockCompany'sInitialPublicOfferingbytheGrowthEnterpriseMarketListingCommitteeofShenzhenStockExchange | SecuritiesTimesB65,ShanghaiSecuritiesNews96etc. |
2021-71 | 2021-9-7 | AnnouncementonProgressofTradingSuspensionDuetoPreparationforIssuanceofSharestoPurchaseAssets | SecuritiesTimesB25,ShanghaiSecuritiesNews72etc. |
KonkaGroupCo.,Ltd.AnnualReport2021
2021-72
2021-72 | 2021-9-11 | AnnouncementonResolutionsofthe46thMeetingoftheninthBoardofDirectors | SecuritiesTimesB10,ShanghaiSecuritiesNews56etc. |
2021-73 | 2021-9-11 | AnnouncementonResolutionsof17thMeetingoftheNinthBoardofSupervisors | SecuritiesTimesB10,ShanghaiSecuritiesNews56etc. |
2021-74 | 2021-9-11 | AnnouncementontheGeneralRiskWarningsfortheRestructuring | SecuritiesTimesB10,ShanghaiSecuritiesNews56etc. |
2021-75 | 2021-9-11 | AnnouncementontheShareholdingsoftheTopTenMajorshareholdersandtheTopTenUnlimitedShareHoldersonthePreviousTradingDayBeforeTradingSuspensionDuetoPreparationforAssetRestructuring | SecuritiesTimesB10,ShanghaiSecuritiesNews56etc. |
2021-76 | 2021-9-11 | PromptAnnouncementontheDisclosureofRestructuringPlanandTradingResumptionoftheCompany'sStock | SecuritiesTimesB10,ShanghaiSecuritiesNews56etc. |
2021-77 | 2021-9-16 | AnnouncementonProgressofSecurityforWhollyOwnedSubsidiary | SecuritiesTimesB22,ShanghaiSecuritiesNews22etc. |
2021-78 | 2021-10-9 | AnnouncementontheProgressofAssetAcquisitionbyIssuanceofSharesandCashPayment,asWellasRaisingSupportingFundsandtheProgressofRelatedTransactionPlanAfterDisclosure | SecuritiesTimesB43,ShanghaiSecuritiesNews44etc. |
2021-79 | 2021-10-13 | AnnouncementonResignationoftheCompanyDirector | SecuritiesTimesB18,ShanghaiSecuritiesNews68etc. |
2021-80 | 2021-10-15 | NoticeonConvening2021ThirdExtraordinaryGeneralMeeting | SecuritiesTimesB32,ShanghaiSecuritiesNews92etc. |
2021-81 | 2021-10-15 | AnnouncementonResolutionsofthe47thMeetingoftheninthBoardofDirectors | SecuritiesTimesB32,ShanghaiSecuritiesNews92etc. |
2021-82 | 2021-10-15 | AnnouncementonParticipationinAuctionforLandUseRights | SecuritiesTimesB32,ShanghaiSecuritiesNews92etc. |
2021-83 | 2021-10-15 | AnnouncementonResultsForecastfortheFirstThreeQuartersin2021 | SecuritiesTimesB32,ShanghaiSecuritiesNews92etc. |
2021-84 | 2021-10-15 | AnnouncementonProgressofSecurityforControllingCompany | SecuritiesTimesB32,ShanghaiSecuritiesNews92etc. |
2021-85 | 2021-10-16 | AnnouncementontheProgressofParticipationinAuctionforLandUseRights | SecuritiesTimesB50,ShanghaiSecuritiesNews60etc. |
2021-86 | 2021-10-26 | AnnouncementonProgressofSecurityforControllingCompany | SecuritiesTimesB170,ShanghaiSecuritiesNews124etc. |
2021-87 | 2021-10-28 | 2021Q3Report | SecuritiesTimesB299,ShanghaiSecuritiesNews360etc. |
2021-88 | 2021-11-2 | AnnouncementonResolutionsof2021ThirdExtraordinaryGeneralMeeting | SecuritiesTimesB24,ShanghaiSecuritiesNews60etc. |
2021-89 | 2021-11-6 | AnnouncementonProgressofTransferofSomeofEquityinShandongEconTechnologyCo.,Ltd. | SecuritiesTimesB69,ShanghaiSecuritiesNews17etc. |
KonkaGroupCo.,Ltd.AnnualReport2021
2021-90
2021-90 | 2021-11-6 | AnnouncementonResolutionsof49thMeetingoftheninthBoardofDirectors | SecuritiesTimesB69,ShanghaiSecuritiesNews17etc. |
2021-91 | 2021-11-6 | AnnouncementonLeasingPropertytoRelatedParty | SecuritiesTimesB69,ShanghaiSecuritiesNews17etc. |
2021-92 | 2021-11-6 | AnnouncementonTransferofEquityinShandongEconTechnologyCo.,Ltd.andCapitalIncrease | SecuritiesTimesB69,ShanghaiSecuritiesNews17etc. |
2021-93 | 2021-11-9 | AnnouncementontheProgressofAssetAcquisitionbyIssuanceofSharesandCashPayment,asWellasRaisingSupportingFundsandtheProgressofRelatedTransactionPlanAfterDisclosure | SecuritiesTimesB34,ShanghaiSecuritiesNews52etc. |
2021-94 | 2021-11-19 | AnnouncementonWithdrawingFinancialAssistance | SecuritiesTimesB24,ShanghaiSecuritiesNews73etc. |
2021-95 | 2021-11-25 | AnnouncementonParticipatingintheOnlineCollectiveReceptionDayActivityofInvestorsofListedCompaniesin2021"CommunicatingandTransferringValue,CommunicatingandCreatingGoodEcology"ofShenzhenMunicipality | SecuritiesTimesB23,ShanghaiSecuritiesNews84etc. |
2021-96 | 2021-11-26 | AnnouncementonResolutionsof50thMeetingoftheninthBoardofDirectors | SecuritiesTimesB43,ShanghaiSecuritiesNews49etc. |
2021-97 | 2021-11-26 | AnnouncementonParticipationinAuctionforLandUseRights | SecuritiesTimesB43,ShanghaiSecuritiesNews49etc. |
2021-98 | 2021-11-26 | AnnouncementonControllingSubsidiaryProvidingLoanstoShareholdersAccordingtoPercentageofEquityInterest | SecuritiesTimesB43,ShanghaiSecuritiesNews49etc. |
2021-99 | 2021-11-26 | AnnouncementonProgressofTransferofSomeofEquityinShandongEconTechnologyCo.,Ltd. | SecuritiesTimesB43,ShanghaiSecuritiesNews49etc. |
2021-100 | 2021-11-27 | AnnouncementonCompletionofIndustrialandCommercialRegistrationofChangesforCapitalIncreaseofShandongEconTechnologyCo.,Ltd. | SecuritiesTimesB37,ShanghaiSecuritiesNews93etc. |
2021-101 | 2021-12-1 | AnnouncementonAccumulativeLawsuitsandArbitrations | SecuritiesTimesB66,ShanghaiSecuritiesNews28etc. |
2021-102 | 2021-12-4 | AnnouncementonProgressofSecurityforControllingCompany | SecuritiesTimesB36,ShanghaiSecuritiesNews44etc. |
2021-103 | 2021-12-9 | AnnouncementontheProgressofAssetAcquisitionbyIssuanceofSharesandCashPayment,asWellasRaisingSupportingFundsandtheProgressofRelatedTransactionPlanAfterDisclosure | SecuritiesTimesB14,ShanghaiSecuritiesNews89etc. |
2021-104 | 2021-12-14 | AnnouncementontheProgressofParticipationinAuctionforLandUseRights | SecuritiesTimesB10,ShanghaiSecuritiesNews85etc. |
2021-105 | 2021-12-18 | AnnouncementonProgressofTransferofSomeofEquityinShenzhenE2infoNetworkTechnologyCo.,Ltd. | SecuritiesTimesB14,ShanghaiSecuritiesNews44etc. |
2021-106 | 2021-12-25 | AnnouncementonReceiptofGovernmentGrantbytheControllingCompany | SecuritiesTimesB34,ShanghaiSecuritiesNews76etc. |
2021-107 | 2021-12-29 | AnnouncementonReceiptofGovernmentGrantbyControllingSubsidiary | SecuritiesTimesB23,ShanghaiSecurities |
KonkaGroupCo.,Ltd.AnnualReport2021
XVIISignificantEventsofSubsidiaries
□Applicable√Notapplicable
News76etc.
News76etc. | |||
2021-108 | 2021-12-31 | AnnouncementonCompletionofIndustrialandCommercialRegistrationofChangesforTransferringSomeofEquityinShenzhenE2infoNetworkTechnologyCo.,Ltd. | SecuritiesTimesB12,ShanghaiSecuritiesNews84etc. |
2021-109 | 2021-12-31 | AnnouncementonProgressofSecurityforWhollyOwnedSubsidiary | SecuritiesTimesB132,ShanghaiSecuritiesNews113etc. |
KonkaGroupCo.,Ltd.AnnualReport2021
PartVIIShareChangesandShareholderInformation
IShareChanges
1.ShareChanges
Unit:share
Before
Before | Increase/decreaseintheReportingPeriod(+/-) | After | |||||||
Shares | Percentage(%) | Newissues | Sharesasdividendconvertedfromprofit | Sharesasdividendconvertedfromcapitalreserves | Other | Subtotal | Shares | Percentage(%) | |
1.Restrictedshares | 19,500 | 0.00% | 19,500 | 0.00% | |||||
1.3Sharesheldbyotherdomesticinvestors | 19,500 | 0.00% | 19,500 | 0.00% | |||||
Sharesheldbydomesticnaturalpersons | 19,500 | 0.00% | 19,500 | 0.00% | |||||
2.Unrestrictedshares | 2,407,925,908 | 100.00% | 2,407,925,908 | 100.00% | |||||
2.1RMB-denominatedordinaryshares | 1,596,574,300 | 66.31% | 1,596,574,300 | 66.31% | |||||
2.2Domesticallylistedforeignshares | 811,351,608 | 33.69% | 811,351,608 | 33.69% | |||||
3.Totalshares | 2,407,945,408 | 100.00% | 2,407,945,408 | 100.00% |
Reasonsforthesharechanges:
□Applicable√NotapplicableApprovalofthesharechanges:
□Applicable√NotapplicableTransferofshareownership:
KonkaGroupCo.,Ltd.AnnualReport2021
□Applicable√NotapplicableEffectsofthesharechangesonthebasicanddilutedearningspershare,equitypershareattributabletotheCompany’sordinaryshareholdersandotherfinancialindicatorsoftheprioryearandtheprioraccountingperiod,respectively:
□Applicable√NotapplicableOtherinformationthattheCompanyconsidersnecessaryorisrequiredbythesecuritiesregulatortobedisclosed:
□Applicable√Notapplicable
2.ChangesinRestrictedShares
□Applicable√NotapplicableIIIssuanceandListingofSecurities
1.Securities(ExclusiveofPreferredShares)IssuedintheReportingPeriod
□Applicable√Notapplicable
2.ChangestoTotalShares,ShareholderStructureandAssetandLiabilityStructures
□Applicable√Notapplicable
3.ExistingStaff-HeldShares
□Applicable√NotapplicableIIIShareholdersandActualController
1.ShareholdersandTheirShareholdingsatthePeriod-End
Unit:share
Numberofordinaryshareholders
Numberofordinaryshareholders | 90,266 | Numberofordinaryshareholdersatthemonth-endpriortothedisclosureofthisReport | 89,329 | Numberofpreferredshareholderswithresumedvotingrights(ifany)(note8) | 0 | Numberofpreferredshareholderswithresumedvotingrightsatthemonth-endpriortothedisclosureofthisReport(ifany)(note8) | 0 | |||||||
5%orgreatershareholdersortop10shareholders | ||||||||||||||
Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheldattheperiod-end | Increase/decreaseintheReportingPeriod | Restrictedsharesheld | Unrestrictedsharesheld | Sharesinpledge,markedorfrozen | |||||||
Status | Shares | |||||||||||||
OVERSEASCHINESETOWNHOLDINGSCOMPANY | State-ownedlegalperson | 21.75% | 523,746,932 | 0 | 0 | 523,746,932 | ||||||||
CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | Foreignlegalperson | 7.48% | 180,001,110 | -2,099,092 | 0 | 180,001,110 |
KonkaGroupCo.,Ltd.AnnualReport2021
WANGJINGFENG
WANGJINGFENG | Domesticnaturalperson | 4.61% | 111,111,100 | 52,783,342 | 0 | 111,111,100 | |
GUOYUANSECURITIESBROKER(HK)CO.,LTD. | Foreignlegalperson | 2.46% | 59,300,325 | 1,200,000 | 0 | 59,300,325 | |
HOLYTIMEGROUPLIMITED | Foreignlegalperson | 2.38% | 57,289,100 | 0 | 0 | 57,289,100 | |
GAOLINGFUND,L.P. | Foreignlegalperson | 2.19% | 52,801,250 | 0 | 0 | 52,801,250 | |
NAMNGAI | Foreignnaturalperson | 0.94% | 22,567,540 | 0 | 0 | 22,567,540 | |
CHINAMERCHANTSSECURITIES(HK)LIMITED | State-ownedlegalperson | 0.80% | 19,314,220 | -176,100 | 0 | 19,314,220 | |
BOCOMINTERNATIONALSECURITIESLIMITED | Foreignlegalperson | 0.78% | 18,896,037 | 18,896,037 | 0 | 18,896,037 | |
LIHANFA | Domesticnaturalperson | 0.73% | 17,680,000 | 17,680,000 | 0 | 17,680,000 | |
Strategicinvestororgenerallegalpersonbecomingatop-10ordinaryshareholderduetorightsissue(ifany)(seenote3) | N/A | ||||||
Relatedoracting-in-concertpartiesamongtheshareholdersabove | HappyBloomInvestmentLimited,awholly-ownedsubsidiaryoftheCompany’sfirstmajorityshareholderOverseasChineseTownHoldingsCompany(OCTGroup),holds180,001,110and18,360,000ordinarysharesintheCompanyrespectivelythroughCITICSecuritiesBrokerage(HongKong)Co.,Ltd.andChinaMerchantsSecurities(HK)Limited.HappyBloomInvestmentLimitedandOCTGrouparepartiesactinginconcert.Otherthanthat,itisunknownwhethertheothershareholdersarerelatedpartiesoracting-in-concertpartiesornot. | ||||||
Explainifanyoftheshareholdersabovewasinvolvedinentrusting/beingentrustedwithvotingrightsorwaivingvotingrights | N/A | ||||||
Specialaccountforsharerepurchases(ifany)amongthetop10shareholders(seenote10) | None | ||||||
Top10unrestrictedshareholders | |||||||
Nameofshareholder | Unrestrictedsharesheldattheperiod-end | Sharesbytype |
KonkaGroupCo.,Ltd.AnnualReport2021
Type
Type | Shares | ||
OVERSEASCHINESETOWNHOLDINGSCOMPANY | 523,746,932 | RMB-denominatedordinarystock | 523,746,932 |
CITICSECURITIESBROKERAGE(HONGKONG)CO.,LTD. | 180,001,110 | Domesticallylistedforeignstock | 180,001,110 |
WANGJINGFENG | 111,111,100 | RMB-denominatedordinarystock | 111,111,100 |
GUOYUANSECURITIESBROKER(HK)CO.,LTD. | 59,300,325 | Domesticallylistedforeignstock | 59,300,325 |
HOLYTIMEGROUPLIMITED | 57,289,100 | Domesticallylistedforeignstock | 57,289,100 |
GAOLINGFUND,L.P. | 52,801,250 | Domesticallylistedforeignstock | 52,801,250 |
NAMNGAI | 22,567,540 | Domesticallylistedforeignstock | 22,567,540 |
CHINAMERCHANTSSECURITIES(HK)LIMITED | 19,314,220 | Domesticallylistedforeignstock | 19,314,220 |
BOCOMINTERNATIONALSECURITIESLIMITED | 18,896,037 | Domesticallylistedforeignstock | 18,896,037 |
LIHANFA | 17,680,000 | RMB-denominatedordinarystock | 17,680,000 |
Relatedoracting-in-concertpartiesamongtop10unrestrictedpublicshareholders,aswellasbetweentop10unrestrictedpublicshareholdersandtop10shareholders | HappyBloomInvestmentLimited,awholly-ownedsubsidiaryoftheCompany’sfirstmajorityshareholderOverseasChineseTownHoldingsCompany(OCTGroup),holds180,001,110and18,360,000ordinarysharesintheCompanyrespectivelythroughCITICSecuritiesBrokerage(HongKong)Co.,Ltd.andChinaMerchantsSecurities(HK)Limited.HappyBloomInvestmentLimitedandOCTGrouparepartiesactinginconcert.Otherthanthat,itisunknownwhethertheothershareholdersarerelatedpartiesoracting-in-concertpartiesornot. | ||
Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany)(seenote4) | WangJingfengholds111,111,100A-sharesintheCompanythroughhissecuritiesaccountforcustomercredittradingguaranteeinGuotaiJunanSecuritiesCo.,Ltd.LiHanfaholds17,680,000A-sharesintheCompanythroughhissecuritiesaccountforcustomercredittradingguaranteeinWesternSecuritiesCo.,Ltd. |
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestricted
KonkaGroupCo.,Ltd.AnnualReport2021
ordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.
2.ControllingShareholderNatureofthecontrollingshareholder:Controlledbyacentralstate-ownedlegalpersonTypeofthecontrollingshareholder:legalperson
Nameofactualcontroller
Nameofactualcontroller | Legalrepresentative/personincharge | Dateofestablishment | Unifiedsocialcreditcode | Principalactivity |
OverseasChineseTownHoldingsCompany | DuanXiannian | 11November1985 | 91440300190346175T | Exportoftextile,lightindustrialproducts,etc;importofself-usedgoodsinShenzhen,mechanicalequipment,lightindustrialproducts,etc.asapprovedbytherelevantauthoritiesofShenzhen(underGovernmentDocumentJMB[92]WJMGTSZZNo.A19024);compensationtrade;investmentintourismandrelevantculturalindustry(includingartperformance,entertainmentandtheirservices,etc),industry,realestate,commerce&trade,packaging,decorationandinvestmentinprintingindustry.Theconvertofexportcommoditiesintodomesticsaleandthedomesticsalesofimportcommodities.Travelling,rentalofwarehouses,cultureandart,bondedwarehouseofcardonation,conventionandexhibitionservices(theprojectsinvolvedinlicensemanagementcanbeoperatedaftergettingtherelevantlicensefirst);salesofautomobile(sedancarincluded) |
Controllingshareholder’sholdingsinotherlistedcompaniesathomeorabroadintheReportingPeriod | Asof31December2021,OverseasChineseTownHoldingsCompanydirectlyheld47.01%equityofShenzhenOverseasChineseTownCo.,Ltd.(acompanylistedinShenzhenStockExchange,SZ.000069)andindirectlyheld0.96%equityofShenzhenOverseasChineseTownCo.,Ltd.throughOCTCapitalInvestmentManagementCo.,Ltd.Meanwhile,ShenzhenOverseasChineseTownCo.,Ltd.indirectlyheld70.94%equityofOCT(Asia)HoldingsLtd.(acompanylistedonthemainBoardofHongKongStockExchange,3366.HK).OverseasChineseTownHoldingsCompanyindirectlyheld53.88%equityofYunnanTourismCo.,Ltd.(acompanylistedinShenzhenStockExchange,SZ.002059).OverseasChineseTownHoldingsCompanyheld7.77%equityofChinaEverbrightBankCompanyLimited(acompanylistedonthemainBoardofShanghaiStockExchange(SH.601818)andthemainBoardofHongKongStockExchange(6818.HK).OverseasChineseTownHoldingsCompanyindirectlyheld2.74%equityofZhejiangCenturyHuatongGroupCo.,Ltd.(acompanylistedinShenzhenStockExchange,SZ.002602)throughitssubsidiaryShenzhenOCTCapitalInvestmentManagementCo.,Ltd.OverseasChineseTownHoldingsCompanyindirectlyheld10.36%ofequityofJiangsuGuoxinCorporationLimited(acompanylistedinShenzhenStockExchange,SZ.002608)throughitssubsidiaryShenzhenOCTCapitalInvestmentManagementCo.,Ltd.. |
ChangeofthecontrollingshareholderintheReportingPeriod:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
KonkaGroupCo.,Ltd.AnnualReport2021
3.ActualControllerandItsActing-in-ConcertPartiesNatureoftheactualcontroller:Centralinstitutionforstate-ownedassetsmanagementTypeoftheactualcontroller:legalperson
Nameofactualcontroller
Nameofactualcontroller | Legalrepresentative/personincharge | Dateofestablishment | Unifiedsocialcreditcode | Principalactivity |
State-ownedAssetsSupervisionandAdministrationCommissionoftheStateCouncil | HaoPeng | Notapplicable | Notapplicable | |
Actualcontroller’sholdingsinotherlistedcompaniesathomeorabroadintheReportingPeriod | Notapplicable |
ChangeoftheactualcontrollerduringtheReportingPeriod:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.OwnershipandcontrolrelationsbetweentheactualcontrollerandtheCompany:
IndicatebytickmarkwhethertheactualcontrollercontrolstheCompanyviatrustorotherwaysofassetmanagement.
□Applicable√Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2021
4.NumberofAccumulativePledgedSharesheldbytheCompany’sControllingShareholderortheLargestShareholderaswellasItsActing-in-ConcertPartiesAccountsfor80%ofallsharesoftheCompanyheldbyThem
□Applicable√Notapplicable
5.Other10%orGreaterCorporateShareholders
□Applicable√Notapplicable
6.LimitationsonShareholdingDecreasebytheCompany’sControllingShareholder,ActualController,ReorganizerandOtherCommitmentMakers
□Applicable√NotapplicableIVSpecificImplementationofShareRepurchasesintheReportingPeriodProgressonanysharerepurchases:
□Applicable√NotapplicableProgressonreducingtherepurchasedsharesbymeansofcentralizedbidding:
□Applicable√Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2021
PartVIIIPreferenceShares
□Applicable√NotapplicableNoPreferencesharesintheReportingPeriod.
KonkaGroupCo.,Ltd.AnnualReport2021
PartIXCorporateBonds
√Applicable□NotapplicableIEnterpriseBonds
□Applicable√NotapplicableNoenterprisebondsintheReportingPeriod.IICorporateBonds
√Applicable□Notapplicable
1.BasicInformationoftheCorporateBonds
Unit:RMB
Name
Name | Abbr. | Code | Releasedate | Valuedate | Maturitydate | Bondsbalance(RMB’0,000) | Interestrate | Wayofredemption | Tradeplace |
Privatelyplacedcorporatebondsin2019ofKonkaGroupCo.,Ltd(TrancheI)(VarietyI) | 19Konka01 | 114418 | 14January2019 | 14January2019 | 14January2022 | 0.00 | 5.00% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondsin2019ofKonkaGroupCo.,Ltd(TrancheI)(VarietyII) | 19Konka02 | 114423 | 14January2019 | 14January2019 | 14January2022 | 1,500,000,000.00 | 5.00% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondsin2019ofKonkaGroup | 19Konka03 | 114488 | 3June2019 | 3June2019 | 3June2022 | 0.00 | 4.50% | Interestsshallbepaidevery | ShenzhenStockExchange |
KonkaGroupCo.,Ltd.AnnualReport2021
Co.,Ltd(TrancheII)(VarietyI)
Co.,Ltd(TrancheII)(VarietyI) | yearandtheprincipalsshallberepaidwhenexpired. | ||||||||
Privatelyplacedcorporatebondsin2019ofKonkaGroupCo.,Ltd(TrancheII)(VarietyII) | 19Konka04 | 114489 | 3June2019 | 3June2019 | 3June2022 | 500,000,000.00 | 4.70% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondsin2019ofKonkaGroupCo.,Ltd(TrancheIII)(VarietyI) | 19Konka05 | 114523 | 22July2019 | 22July2019 | 22July2022 | 0.00 | 4.53% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondsin2019ofKonkaGroupCo.,Ltd(TrancheIII)(VarietyII) | 19Konka06 | 114524 | 22July2019 | 22July2019 | 22July2022 | 700,000,000.00 | 4.70% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondsin2021ofKonkaGroup | 21Konka01 | 114894 | 8January2021 | 8January2021 | 8January2024 | 1,000,000,000.00 | 4.46% | Interestsshallbepaidevery | ShenzhenStockExchange |
KonkaGroupCo.,Ltd.AnnualReport2021
Co.,Ltd(TrancheI)
Co.,Ltd(TrancheI) | yearandtheprincipalsshallberepaidwhenexpired. | ||||||||
Privatelyplacedcorporatebondsin2021ofKonkaGroupCo.,Ltd(TrancheII) | 21Konka02 | 133003 | 21May2021 | 21May2021 | 21May2024 | 500,000,000.00 | 4.00% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Privatelyplacedcorporatebondsin2021ofKonkaGroupCo.,Ltd(TrancheIII) | 21Konka03 | 133040 | 9July2021 | 9July2021 | 9July2024 | 800,000,000.00 | 3.95% | Interestsshallbepaideveryyearandtheprincipalsshallberepaidwhenexpired. | ShenzhenStockExchange |
Appropriatearrangementoftheinvestors(ifany) | ”19Konka02”,“19Konka04”,“19Konka06”wereplacedprivatelytoqualifiedinstitutionalinvestorsmeetingtherequirementsofmanagementmethodforinvestorseligibilityinbondsmarketofShenzhenStockExchange,and“21Konka01”,“21Konka02”,“21Konka03”wereplacedprivatelytoprofessionalinvestorsmeetingtherequirementsofmanagementmethodforinvestorseligibilityofShenzhenStockExchange,whichnotexceeding200persons. | ||||||||
Applicabletrademechanism | ComprehensiveagreementtradeplatformofShenzhenStockExchange | ||||||||
Riskofdelisting(ifany)andcountermeasures | No |
Overduebonds
□Applicable√Notapplicable
2.TheTriggerandExecutionoftheOptionClauseoftheIssuersorInvestorsandtheInvestorProtectionClause
√Applicable□Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2021
"19Konka01","19Konka03",and"19Konka05"areattachedwiththeissuer'soptionofadjustingcouponrate:andtheinvestor'sputoption.IntheReportingPeriod,theexecutionoftheaboveclausesareasfollows:
(I)On14January2021,for"19Konka01",theissuer'soptionofadjustingcouponrateandinvestor'sputoptionwereexercised.Specifically:Theissueradjustedthecouponrateforthelastyearwithinthedurationto2.80%,thesell-backquantityto10millionshares,andthesell-backamounttoRMB1billion.Thesell-backprincipalandtheinterestoftheparttowhichtheputoptionisexercisedinthecurrentperiodhavebeentransferredinfulltotheaccountspecifiedbyChinaSecuritiesDepositoryandClearingCorporationLimited(CSDC)."19Konka01"hasbeensoldbackinfullandde-listedfromthestockexchange.(II)On3June2021,for"19Konka03",theissuer'soptionofadjustingcouponrateandtheinvestor'sputoptionwereexercised.Specifically:Theissueradjustedthecouponrateforthelastyearwithinthedurationto2.80%,thesell-backquantityto5millionshares,andthesell-backamounttoRMB500million.Thesell-backprincipalandtheinterestoftheparttowhichtheputoptionisexercisedinthecurrentperiodhavebeentransferredinfulltotheaccountspecifiedbyCSDC."19Konka03"hasbeensoldbackinfullandde-listedfromthestockexchange.(III)On22July2021,for"19Konka05",theissuer'soptionofadjustingcouponrateandinvestor'sputoptionwereexercised.Specifically:Theissueradjustedthecouponrateforthelastyearwithinthedurationto2.80%,thesell-backquantityto8millionshares,andthesell-backamounttoRMB800million.Thesell-backprincipalandtheinterestoftheparttowhichtheputoptionisexercisedinthecurrentperiodhavebeentransferredinfulltotheaccountspecifiedbyCSDC."19Konka05"hasbeensoldbackinfullandde-listedfromthestockexchange.
3.Intermediary
Bond
Bond | Intermediary | Officeaddress | Signatureaccountant | Contactpersonofintermediary | Contactnumber |
19Konka0119Konka0219Konka0319Konka0419Konka0519Konka06 | IndustrialSecuritiesCo.,Ltd | 32/F,SKBuilding,No.6,JianguomenWaidajie,ChaoyangDistrict,Beijing | / | PuHang,ZhangHuifang | 021-38565454 |
GuosenSecuritiesCo.,Ltd. | 16-26/F,GuosenSecuritiesBuilding,No.1012,HonglingRoad,LuohuDistrict,Shenzhen | / | LinYiping,ZhouLi | 0755-81981041 | |
UnitedRatingsCo.,Ltd. | No.2JianwaiStreet,ChaoyangDistrict,Beijing | / | LiuDeng | 010-85679696 | |
BeijingYingkeLawFirm | 19-25/F,Building2,CPCenter,Yard20,JinheEastRoad,ChaoyangDistrict,Beijing | / | ZhangJinxing,HanJian | 0755-36866600 |
KonkaGroupCo.,Ltd.AnnualReport2021
RuihuaCertifiedPublicAccountants(SpecialGeneralPartnership)
RuihuaCertifiedPublicAccountants(SpecialGeneralPartnership) | 4/F,Building2,Yard16,XisihuanMiddleRoad,HaidianDistrict,Beijing | LiuJianhua,TangQimei,ShenLingzhi | LiuGuibin | 010-88219191 | |
21Konka0121Konka0221Konka03 | IndustrialSecuritiesCo.,Ltd | 32/F,SKBuilding,No.6,JianguomenWaidajie,ChaoyangDistrict,Beijing | / | PuHang,ZhangHuifang | 021-38565454 |
ZTFSecuritiesCo.,Ltd. | CentralizedBusiness,FinanceandBusinessDistrict,ZoneB,ZhongtianExhibitionCity,NorthChanglingRoad,GuanshanhuDistrict,Guiyang,Guizhou(North) | / | QianXi,CaiDan | 0755-28777990 | |
UnitedRatingsCo.,Ltd. | No.2JianwaiStreet,ChaoyangDistrict,Beijing | / | LiuQi | 010-85679696 | |
BeijingYingkeLawFirm | 19-25/F,Building2,CPCenter,Yard20,JinheEastRoad,ChaoyangDistrict,Beijing | / | ZhangJinxing,HanJian | 0755-36866600 | |
RuihuaCertifiedPublicAccountants(SpecialGeneralPartnership) | 4/F,Building2,Yard16,XisihuanMiddleRoad,HaidianDistrict,Beijing | LiuGuibin | LiuGuibin | 010-88219191 | |
ShinewingCertifiedPublicAccountants(SpecialGeneralPartnership) | 8/F,BlockA,FuHuaMansion,No.8,ChaoyangmenBeidajie,DongchengDistrict,Beijing | LiuJianhua,TangQimei | LiuJianhua,TangQimei | 028-62922886 |
IndicatebytickmarkwhetheraboveintermediarychangedintheReportingPeriod
□Yes√No
4.ListoftheUsageoftheRaisedFunds
Unit:RMB100million
KonkaGroupCo.,Ltd.AnnualReport2021
Bonds
Bonds | Totalamount | Amountspent | Unusedamount | Operationofspecialaccountforraisedfunds(ifany) | Rectificationofraisedfundsforviolationoperation(ifany) | Whetherisconsistentwiththeusage,usingplanandotheragreementsstipulatedintheraisingspecification |
19Konka01 | 10.00 | 10.00 | 0.00 | Well-functionning | Notapplicable | Yes |
19Konka02 | 15.00 | 15.00 | 0.00 | |||
19Konka03 | 5.00 | 5.00 | 0.00 | |||
19Konka04 | 5.00 | 5.00 | 0.00 | |||
19Konka05 | 8.00 | 8.00 | 0.00 | |||
19Konka06 | 7.00 | 7.00 | 0.00 | |||
21Konka01 | 10.00 | 10.00 | 0.00 | |||
21Konka02 | 5.00 | 5.00 | 0.00 | |||
21Konka03 | 8.00 | 8.00 | 0.00 |
Theraisedfundswereusedforprojectconstruction
□Applicable√NotapplicableTheCompanychangedtheusageofabovefundsraisedfrombondsduringtheReportingPeriod.
□Applicable√Notapplicable
5.AdjustmentofCreditRatingResultsduringtheReportingPeriod
□Applicable√Notapplicable
6.ExecutionandChangesofGuarantee,RepaymentPlanandOtherRepaymentGuaranteeMeasuresaswellasInfluenceonEquityofBondInvestorsduringtheReportingPeriod
√Applicable□NotapplicableOCTGroupprovidesfull,unconditionalandirrevocablejointliabilityguaranteefor"19Konka01","19Konka02","19Konka03","19Konka04","19Konka05","19Konka06","21Konka01","21Konka02"and"21Konka03".TheCreditEnhancementMechanisms,RedemptionPlansandOtherRedemptionSecurityMeasuresduringtheReportingPeriodareexecutedaccordingtoagreement.Nochangeoccurred.IIIDebtFinancingInstrumentsofNon-financialEnterprises
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IVConvertibleCorporateBonds
□Applicable√Notapplicable
KonkaGroupCo.,Ltd.AnnualReport2021
NosuchcasesintheReportingPeriod.VLossesofScopeofConsolidatedFinancialStatementsduringtheReportingPeriodExceeding10%ofNetAssetsupthePeriod-endofLastYear
□Applicable√NotapplicableVIMaturedInterest-bearingDebtexcludingBondsupthePeriod-end
□Applicable√NotapplicableVIIWhethertherewasanyViolationofRulesandRegulationsduringtheReportingPeriod
□Yes√NoVIIITheMajorAccountingDataandtheFinancialIndicatorsoftheRecent2YearsoftheCompanyupthePeriod-end
Unit:RMB’0,000
Item
Item | 31December2021 | 31December2020 | Increase/decrease |
Currentratio | 88.92% | 93.18% | -4.57% |
Asset-liabilityratio | 74.42% | 78.51% | -4.09% |
Quickratio | 71.36% | 76.42% | -6.62% |
2021 | 2020 | Increase/decrease | |
Netprofitafterdeductingnon-recurringprofitorloss | -325,079.81 | -236,759.08 | -37.30% |
Debt/EBITDAratio | 13.59% | 7.61% | 5.98% |
Timesinterestearned | 2.38 | 1.40 | 70.00% |
Timesinterestearnedofcash | 2.33 | 1.63 | 42.94% |
TimesinterestearnedofEBITDA | 2.97 | 1.92 | 54.69% |
Loanrepaymentrate | 100.00% | 100.00% | 0.00% |
Interestcoverage | 100.00% | 100.00% | 0.00% |
KonkaGroupCo.,Ltd.AnnualReport2021
PartXFinancialStatements
IIndependentAuditor’sReport
Typeoftheindependentauditor’sopinion
Typeoftheindependentauditor’sopinion | Unmodifiedunqualifiedopinion |
Dateofsigningthisreport | 28March2022 |
Nameoftheindependentauditor | ShineWingCertifiedPublicAccountants(SpecialGeneralPartnership) |
Referencenumberofauditreport | XYZH/2022GZAA50020 |
Nameofthecertifiedpublicaccountants | TangQimei,LiuJianhua |
IndependentAuditor’sReport
XYZH/2022GZAA50020AllshareholdersofKonkaGroupCo.,Ltd.I.OpinionWehaveauditedtheaccompanyingfinancialstatementsofKonkaGroupCo.,Ltd.(the“Company”),whichcomprisetheCompany’sandconsolidatedbalancesheetsoftheparentcompanyasat31December2021,theCompany’sandconsolidatedincomestatementsoftheparentcompany,theCompany’sandconsolidatedcashflowstatementsoftheparentcompany,theCompany’sandconsolidatedstatementsofchangesinshareholders’equityoftheparentcompanyfortheyearthenended,aswellasthenotestothefinancialstatements.Inouropinion,thefinancialstatementsattachedwerepreparedinlinewiththeregulationsofAccountingStandardsforBusinessEnterprisesinallsignificantaspectswhichgaveatrueandfairviewoftheconsolidatedandparentfinancialpositionoftheCompanyasat31December2021andtheconsolidatedandparentbusinessperformanceandcashflowoftheCompanyfor2021.II.BasisforOpinionWeconductedourauditinaccordancewithStandardsonAuditingforCertifiedPublicAccountants.OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditor’sResponsibilitiesfortheAuditoftheFinancialStatementssectionofourreport.Inaccordancewithprofessionalethicsforcertifiedpublicaccountants,weareindependentwithFoshanHuaxinPackingCo.,Ltd.andwehavefulfilledourotherethicalresponsibilities.Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforouropinion.III.KeyAuditMattersKeyauditmattersarethosemattersthat,inourprofessionaljudgment,wereofmostsignificanceinourauditofthefinancialstatementsoftheCurrentPeriod.Thesematterswereaddressedinthecontextofourauditofthefinancialstatementsasawhole,andinformingouropinionthereon,and
KonkaGroupCo.,Ltd.AnnualReport2021
wedonotprovideaseparateopiniononthesematters.
1.Recognitionofoperatingrevenues
1.Recognitionofoperatingrevenues | |
Keyauditmatters | Countermeasuresofaudit |
Pleaserefertothenotestothefinancialstatements"six,notestotheconsolidatedfinancialstatements"48.In2021,KonkaGroup'sconsolidatedfinancialstatementsconfirmedoperatingincomeofRMB49106.51.37million,themainlyrevenuecomesfromtheelectronicbusiness,tradingbusiness,andenvironmentalprotectionbusiness,environmentalprotectionbusiness,etc.Duetotheimportanceofrevenuetothefinancialstatementsasawhole,andtheinherentmisstatementriskofmanagement'smanipulationofrevenuerecognitioninordertoachievespecificgoalsorexpectations,wemakerevenuerecognitionakeyauditmatter. | (1)Evaluateandtestincometoconfirmtheeffectivenessofkeyinternalcontroldesignandoperation;(2)Obtainsignedsalescontracts,analyzerelevantprovisions,andevaluatewhethertherevenuerecognitionofKonkaGroupisincompliancewiththeAccountingStandardsforBusinessEnterprises;(3)ObtainKonkaGroup’scustomerlist,examinethecustomers’informationregisteredwiththeindustrialandcommercialadministration,inquiretherelevantpersonnelofKonkaGroup,andidentifywhetheranyofthecustomersisarelatedpartytoKonkaGroup;(4)Performanalyticalproceduresonrevenueandcosts,evaluatetherationalityofsalesrevenueandgrossprofitmarginchanges;(5)Examinematerialssuchasimportantsalescontracts,orders,invoices,goodsownershiptransfercertificates,bankreceipts,invoices;regardingtheindustrytradebusiness,learnabouttradingbackgroundsandbusinessnaturetodecidewhetherKonkaGroupisthemainresponsibilityentityoranagent;selectimportantcustomers,verifythetransactionamountsandbalancesinwritingtoverifythetruthfulness,completenessandaccuracyofrevenue;(6)Conductacut-offtestonsalesrevenue. |
2.Recognitionofinvestmentincome | |
Keyauditmatters | Countermeasuresofaudit |
Pleaserefertothenotestothefinancialstatements"six,notestotheconsolidatedfinancialstatements"55In2021,KonkaGroup'sconsolidatedfinancialstatementsconfirmedinvestmentincomeofRMB4216.8069millionMainlyforthedisposalofinvestmentincomegeneratedbylong-termequityinvestment,thegainsfromtheremeasurementoftheremainingequityatequitymethodonthedayofthelossofcontrolrightsatfairvalue. | (1)Evaluateandtestincometoconfirmtheeffectivenessofkeyinternalcontroldesignandoperation;(2)Obtainsignedsalescontracts,analyzerelevantprovisions,andevaluatewhethertherevenuerecognitionofKonkaGroupisincompliancewiththeAccountingStandardsforBusinessEnterprises;(3)ObtainKonkaGroup’scustomerlist,examinethecustomers’informationregisteredwiththeindustrialandcommercialadministration,inquiretherelevantpersonnelofKonkaGroup,andidentifywhetheranyofthecustomersisarelatedpartytoKonkaGroup;(4)Performanalyticalproceduresonrevenueandcosts,evaluatetherationalityofsalesrevenueandgrossprofitmarginchanges;(5)Examinematerialssuchasimportantsalescontracts,orders,invoices,goodsownershiptransfercertificates,bankreceipts,invoices;regardingtheindustrytradebusiness,learnabouttradingbackgroundsandbusinessnaturetodecidewhetherKonkaGroupisthemainresponsibilityentityoranagent;selectimportantcustomers,verifythetransactionamountsandbalancesinwritingtoverifythetruthfulness, |
KonkaGroupCo.,Ltd.AnnualReport2021
1.Recognitionofoperatingrevenues
1.Recognitionofoperatingrevenues | |
Keyauditmatters | Countermeasuresofaudit |
Sincetheamountofinvestmentincomeissignificant,weconfirmtherecognitionofinvestmentincomeasakeyauditmatter. | completenessandaccuracyofrevenue;and(6)Conductacut-offtestonsalesrevenue. |
IV.OtherInformationThemanagementoftheCompanyisresponsiblefortheotherinformation.Theotherinformationcomprisesalloftheinformationincludedintheannualreportfor2021otherthanthefinancialstatementsandourauditor’sreportthereon.Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationandwedonotexpressanyformofassuranceconclusionthereon.Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,indoingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorourknowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.If,basedontheworkwehaveperformed,weconcludethatthereisamaterialmisstatementofthisotherinformation,wearerequiredtoreportthatfact.Wehavenothingtoreportinthisregard.V.ResponsibilityofManagementandThoseChargedwithGovernancefortheFinancialStatementsThemanagementoftheCompanyisresponsibleforthepreparationandfairpresentationofthesefinancialstatementsinaccordancewithAccountingStandardsforBusinessEnterprisestomakethemafairpresentationanddesigning,implementingandmaintaininginternalcontrolrelevanttothepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherduetofraudorerror.Inpreparingthefinancialstatements,themanagementoftheCompanyisresponsibleforassessingtheCompany’sabilitytocontinueasagoingconcern,disclosing,ifapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasisofaccountingunlessthemanagementeitherintendstoliquidatetheCompanyortoceaseoperations,orhasnorealisticalternativebuttodoso.ThosechargedwithgovernanceareresponsibleforoverseeingtheCompany’sfinancialreportingprocess.VI.CPA’sResponsibilityfortheAuditoftheFinancialStatementsOurobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefreefrommaterialmisstatement,whetherduetofraudorerror,andtoissueanauditor’sreportthatincludesouropinion.Wereportouropinionsolelytoyou,asabody,andfornootherpurpose.Wedonotassumeresponsibilitytowardsoracceptliabilitytoanyotherpersonforthecontentsof
KonkaGroupCo.,Ltd.AnnualReport2021
thisreport.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconductedinaccordancewithauditingstandardswillalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefromfraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpectedtoinfluencetheeconomicdecisionsofuserstakenonthebasisofthesefinancialstatements.Aspartofanauditinaccordancewithauditingstandards,weexerciseprofessionaljudgmentandmaintainprofessionalskepticismthroughouttheaudit.Wealso:
(1)Identifyandassesstherisksofmajormisstatementoffinancialstatementsduetofraudorerrors,designandimplementauditprocedurestodealwiththeserisks,andobtainsufficientandappropriateauditevidenceasthebasisforissuingauditopinions.Sincefraudmayinvolvecollusion,forgery,intentionalomissions,misrepresentation,oroverridinginternalcontrol,theriskoffailingtodetectamajormisstatementduetofraudishigherthantheriskoffailingtodetectamajormisstatementduetoerror.
(2)Understandtheinternalcontrolrelatedtoauditinginordertodesignappropriateauditingprocedures.
(3)Evaluatetheappropriatenessofmanagement'sselectionofaccountingpoliciesandtherationalityofaccountingestimatesandrelateddisclosures.
(4)Todrawconclusionsontheappropriatenessofthemanagement'suseofcontinuousoperationassumptions.Atthesametime,basedontheauditevidenceobtained,aconclusioncanbedrawnonwhetherthereisamaterialuncertaintythatmaycausesignificantdoubtsaboutKonkaGroup'sabilitytocontinueoperations.Ifweconcludethattherearesignificantuncertainties,theauditingstandardsrequireustodrawtheattentionoftheusersofthestatementstotherelevantdisclosuresinthefinancialstatementsintheauditreport;ifthedisclosuresareinsufficient,weshouldissueanon-reservedopinion.Ourconclusionisbasedontheinformationavailableasofthedateoftheauditreport.However,futureeventsorcircumstancesmaypreventKonkaGroupfromcontinuingitsoperations.
(5)Evaluatetheoverallpresentation,structure,andcontentofthefinancialstatements,andevaluatewhetherthefinancialstatementsfairlyreflectrelatedtransactionsandevents.
(6)ObtainsufficientandappropriateauditevidenceonthefinancialinformationoftheentitiesorbusinessactivitiesinKonkaGrouptoexpressauditopinionsonthefinancialstatements.Weareresponsibleforguiding,supervisingandexecutinggroupaudits,andassumefullresponsibilityforauditopinions.Wecommunicatewiththosechargedwithgovernanceregarding,amongothermatters,theplannedscopeandtimingoftheauditandsignificantauditfindings,includinganysignificantdeficienciesininternalcontrolthatweidentifyduringouraudit.Wealsoprovidethosechargedwithgovernancewithastatementthatwehavecompliedwith
KonkaGroupCo.,Ltd.AnnualReport2021
relevantethicalrequirementsregardingindependence,andtocommunicatewiththemallrelationshipsandothermattersthatmayreasonablybethoughttobearonourindependence,andrelatedsafeguards(ifapplicable).Fromthematterscommunicatedwiththosechargedwithgovernance,wedeterminethosemattersthatwereofmostsignificanceintheauditofthefinancialstatementsoftheCurrentPeriodandarethereforethekeyauditmatters.Wedescribethesemattersinourauditor’sreportunlesslaworregulationprecludespublicdisclosureaboutthematterorwhen,inextremelyrarecircumstances,wedeterminethatamattershouldnotbecommunicatedinourreportbecausetheadverseconsequencesofdoingsowouldreasonablybeexpectedtooutweighthepublicinterestbenefitsofsuchcommunication.
ShineWingCertifiedPublicAccountants
(SpecialGeneralPartnership)
ShineWingCertifiedPublicAccountants(SpecialGeneralPartnership) | CPA:(EngagementPartner) | |
CPA: | ||
Beijing·China | 28March2022 |
IIFinancialStatementsCurrencyunitforthefinancialstatementsandthenotesthereto:RMB
1.ConsolidatedBalanceSheetPreparedbyKonkaGroupCo.,Ltd.
31December2021
Unit:RMB
Item | 31December2021 | 31December2020 |
Currentassets: | ||
Monetaryassets | 6,489,553,211.24 | 5,431,530,180.90 |
Settlementreserve | ||
Interbankloansgranted | ||
Held-for-tradingfinancialassets | 618,249,541.66 | |
Derivativefinancialassets | ||
Notesreceivable | 1,777,477,481.28 | 2,358,180,193.96 |
KonkaGroupCo.,Ltd.AnnualReport2021
Accountsreceivable
Accountsreceivable | 3,397,729,481.07 | 3,900,897,623.59 |
Accountsreceivablefinancing | 71,490,688.54 | 84,057,197.44 |
Prepayments | 631,400,953.86 | 1,183,270,543.41 |
Premiumsreceivable | ||
Reinsurancereceivables | ||
Receivablereinsurancecontractreserve | ||
Otherreceivables | 1,837,459,705.64 | 2,145,736,640.60 |
Including:Interestreceivable | 2,573,082.79 | 45,109,425.85 |
Dividendsreceivable | 4,947,848.62 | |
Financialassetspurchasedunderresaleagreements | ||
Inventories | 4,068,537,809.18 | 4,521,300,677.41 |
Contractassets | 2,870,006,710.39 | |
Assetsheldforsale | ||
Currentportionofnon-currentassets | 28,105,523.78 | 112,310,158.82 |
Othercurrentassets | 2,299,963,391.24 | 1,913,146,483.39 |
Totalcurrentassets | 20,601,718,245.83 | 25,138,685,951.57 |
Non-currentassets: | ||
Loansandadvancestocustomers | ||
Investmentsindebtobligations | ||
Investmentsinotherdebtobligations | ||
Long-termreceivables | 18,495,499.14 | 399,497,204.03 |
Long-termequityinvestments | 5,902,588,939.51 | 4,375,833,584.65 |
Investmentsinotherequityinstruments | 23,841,337.16 | 25,343,293.16 |
Othernon-currentfinancialassets | 2,293,361,603.68 | 1,878,154,796.76 |
Investmentproperty | 776,525,061.54 | 538,585,668.29 |
Fixedassets | 4,010,295,277.14 | 3,178,642,017.84 |
Constructioninprogress | 1,490,777,831.39 | 9,236,643,931.68 |
Productivelivingassets | ||
Oilandgasassets | ||
Right-of-useassets | 71,210,415.37 | |
Intangibleassets | 975,295,916.08 | 1,189,191,001.51 |
Developmentcosts | 16,870,310.70 | |
Goodwill | 22,196,735.11 | 675,795,873.17 |
Long-termprepaidexpense | 297,497,383.39 | 153,198,562.82 |
KonkaGroupCo.,Ltd.AnnualReport2021
Deferredincometaxassets
Deferredincometaxassets | 725,315,725.10 | 1,265,916,437.39 |
Othernon-currentassets | 2,648,530,490.12 | 1,820,779,170.74 |
Totalnon-currentassets | 19,272,802,525.43 | 24,737,581,542.04 |
Totalassets | 39,874,520,771.26 | 49,876,267,493.61 |
Currentliabilities: | ||
Short-termborrowings | 9,920,675,121.08 | 10,990,550,475.78 |
Borrowingsfromthecentralbank | ||
Interbankloansobtained | ||
Held-for-tradingfinancialliabilities | ||
Derivativefinancialliabilities | ||
Notespayable | 1,116,336,958.91 | 1,335,987,026.21 |
Accountspayable | 3,784,315,091.41 | 9,632,366,325.76 |
Advancesfromcustomers | ||
Contractliabilities | 652,910,408.02 | 1,217,367,735.94 |
Financialassetssoldunderrepurchaseagreements | ||
Customerdepositsandinterbankdeposits | ||
Payablesforactingtradingofsecurities | ||
Payablesforunderwritingofsecurities | ||
Employeebenefitspayable | 410,747,084.80 | 476,616,244.45 |
Taxespayable | 295,825,170.41 | 508,214,059.16 |
Otherpayables | 1,788,177,748.59 | 1,999,430,899.69 |
Including:Interestpayable | 174,383,177.08 | 220,837,380.17 |
Dividendspayable | ||
Handlingchargesandcommissionspayable | ||
Reinsurancepayables | ||
Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
Currentportionofnon-currentliabilities | 5,089,586,269.32 | 376,896,566.29 |
Othercurrentliabilities | 109,742,188.24 | 441,774,317.23 |
Totalcurrentliabilities | 23,168,316,040.78 | 26,979,203,650.51 |
Non-currentliabilities: | ||
Insurancecontractreserve | ||
Long-termborrowings | 3,529,140,539.09 | 5,964,748,997.54 |
Bondspayable | 2,293,698,899.30 | 4,993,212,788.32 |
Including:Preferredshares |
KonkaGroupCo.,Ltd.AnnualReport2021
Perpetualbonds
Perpetualbonds | ||
Leaseliabilities | 42,532,869.63 | |
Long-termpayables | 140,687,570.78 | 481,409,849.96 |
Long-termemployeebenefitspayable | 5,111,296.75 | 5,248,309.14 |
Provisions | 106,276,535.85 | 102,353,567.91 |
Deferredincome | 206,302,424.92 | 446,900,524.64 |
Deferredincometaxliabilities | 76,894,581.97 | 75,819,231.93 |
Othernon-currentliabilities | 104,610,663.76 | 106,475,449.02 |
Totalnon-currentliabilities | 6,505,255,382.05 | 12,176,168,718.46 |
Totalliabilities | 29,673,571,422.83 | 39,155,372,368.97 |
Owners’equity: | ||
Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 234,389,963.10 | 230,185,310.09 |
Less:Treasurystock | ||
Othercomprehensiveincome | -20,336,087.87 | -16,583,042.42 |
Specificreserve | ||
Surplusreserves | 1,244,180,364.24 | 1,211,721,109.67 |
Generalreserve | ||
Retainedearnings | 5,229,098,788.94 | 4,595,371,391.63 |
TotalequityattributabletoownersoftheCompanyastheparent | 9,095,278,436.41 | 8,428,640,176.97 |
Non-controllinginterests | 1,105,670,912.02 | 2,292,254,947.67 |
Totalowners’equity | 10,200,949,348.43 | 10,720,895,124.64 |
Totalliabilitiesandowners’equity | 39,874,520,771.26 | 49,876,267,493.61 |
Legalrepresentative:ZhouBinCFO:LiChunleiHeadofthefinancialdepartment:GuoZhihua
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
Item | 31December2021 | 31December2020 |
Currentassets: | ||
Monetaryassets | 4,809,203,282.52 | 3,481,445,560.17 |
KonkaGroupCo.,Ltd.AnnualReport2021
Held-for-tradingfinancialassets
Held-for-tradingfinancialassets | 298,497,458.33 | |
Derivativefinancialassets | ||
Notesreceivable | 912,584,879.70 | 879,589,355.91 |
Accountsreceivable | 4,468,684,877.11 | 4,473,251,691.85 |
Accountsreceivablefinancing | 6,250,000.00 | 5,659,400.00 |
Prepayments | 1,617,640,913.05 | 1,021,218,285.46 |
Otherreceivables | 10,925,066,231.53 | 10,034,869,353.07 |
Including:Interestreceivable | 2,002,526.91 | 41,138,869.97 |
Dividendsreceivable | 383,943,256.80 | 749,431,635.50 |
Inventories | 192,035,723.31 | 202,406,456.36 |
Contractassets | ||
Assetsheldforsale | ||
Currentportionofnon-currentassets | ||
Othercurrentassets | 1,736,172,492.35 | 1,020,031,186.39 |
Totalcurrentassets | 24,667,638,399.57 | 21,416,968,747.54 |
Non-currentassets: | ||
Investmentsindebtobligations | ||
Investmentsinotherdebtobligations | ||
Long-termreceivables | ||
Long-termequityinvestments | 8,633,142,223.64 | 8,806,166,599.56 |
Investmentsinotherequityinstruments | 17,940,215.36 | 17,940,215.36 |
Othernon-currentfinancialassets | 200,326,093.02 | 250,230,000.00 |
Investmentproperty | 455,475,442.43 | 406,237,236.91 |
Fixedassets | 398,611,899.13 | 431,762,044.14 |
Constructioninprogress | 304,489,347.00 | 132,464,938.18 |
Productivelivingassets | ||
Oilandgasassets | ||
Right-of-useassets | 4,023,376.21 | |
Intangibleassets | 55,814,854.54 | 59,506,272.63 |
Developmentcosts | ||
Goodwill | ||
Long-termprepaidexpense | 31,718,868.00 | 16,532,521.69 |
Deferredincometaxassets | 711,814,124.48 | 980,095,292.53 |
Othernon-currentassets | 10,867,888.84 |
KonkaGroupCo.,Ltd.AnnualReport2021
Totalnon-currentassets
Totalnon-currentassets | 10,813,356,443.81 | 11,111,803,009.84 |
Totalassets | 35,480,994,843.38 | 32,528,771,757.38 |
Currentliabilities: | ||
Short-termborrowings | 4,259,749,597.92 | 5,052,990,048.93 |
Held-for-tradingfinancialliabilities | ||
Derivativefinancialliabilities | ||
Notespayable | 1,126,421,923.99 | 1,344,958,738.50 |
Accountspayable | 8,297,778,584.91 | 6,811,467,585.39 |
Advancesfromcustomers | ||
Contractliabilities | 740,817,658.30 | 723,022,740.95 |
Employeebenefitspayable | 128,148,938.08 | 147,391,317.06 |
Taxespayable | 8,022,098.02 | 4,094,133.23 |
Otherpayables | 4,155,006,946.60 | 4,275,347,622.57 |
Including:Interestpayable | 171,516,416.71 | 215,828,625.04 |
Dividendspayable | ||
Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
Currentportionofnon-currentliabilities | 4,715,415,917.78 | 5,867,425.49 |
Othercurrentliabilities | 11,124,209.72 | 6,108,675.36 |
Totalcurrentliabilities | 23,442,485,875.32 | 18,371,248,287.48 |
Non-currentliabilities: | ||
Long-termborrowings | 3,161,298,604.12 | 2,930,034,612.32 |
Bondspayable | 2,293,698,899.30 | 4,993,212,788.32 |
Including:Preferredshares | ||
Perpetualbonds | ||
Leaseliabilities | 1,664,232.11 | |
Long-termpayables | 17,633,249.67 | |
Long-termemployeebenefitspayable | ||
Provisions | 572,097.48 | 832,465.72 |
Deferredincome | 36,243,964.61 | 61,530,557.55 |
Deferredincometaxliabilities | 2,334,364.58 | |
Othernon-currentliabilities | 43,677,187.49 | 54,162,098.05 |
Totalnon-currentliabilities | 5,537,154,985.11 | 8,059,740,136.21 |
Totalliabilities | 28,979,640,860.43 | 26,430,988,423.69 |
Owners’equity: |
KonkaGroupCo.,Ltd.AnnualReport2021
Sharecapital
Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 |
Otherequityinstruments | ||
Including:Preferredshares | ||
Perpetualbonds | ||
Capitalreserves | 110,696,992.60 | 112,570,352.72 |
Less:Treasurystock | ||
Othercomprehensiveincome | -1,500,000.00 | -2,682,217.31 |
Specificreserve | ||
Surplusreserves | 1,260,024,039.76 | 1,227,564,785.19 |
Retainedearnings | 2,724,187,542.59 | 2,352,385,005.09 |
Totalowners’equity | 6,501,353,982.95 | 6,097,783,333.69 |
Totalliabilitiesandowners’equity | 35,480,994,843.38 | 32,528,771,757.38 |
3.ConsolidatedIncomeStatement
Unit:RMB
Item | 2021 | 2020 |
1.Revenue | 49,106,513,669.58 | 50,351,836,554.87 |
Including:Operatingrevenue | 49,106,513,669.58 | 50,351,836,554.87 |
Interestincome | ||
Insurancepremiumincome | ||
Handlingchargeandcommissionincome | ||
2.Costsandexpenses | 51,466,453,430.94 | 52,314,397,544.31 |
Including:Costofsales | 47,401,884,981.53 | 47,595,064,349.98 |
Interestexpense | ||
Handlingchargeandcommissionexpense | ||
Surrenders | ||
Netinsuranceclaimspaid | ||
Netamountprovidedasinsurancecontractreserve | ||
Expenditureonpolicydividends | ||
Reinsurancepremiumexpense | ||
Taxesandsurcharges | 107,078,675.16 | 97,235,867.31 |
Sellingexpense | 1,428,062,895.37 | 1,825,626,804.27 |
Administrativeexpense | 960,449,117.12 | 1,022,981,943.34 |
R&Dexpense | 616,335,488.01 | 681,878,611.65 |
Financecosts | 952,642,273.75 | 1,091,609,967.76 |
KonkaGroupCo.,Ltd.AnnualReport2021
Including:Interestexpense
Including:Interestexpense | 1,003,080,641.99 | 979,223,522.98 |
Interestincome | 169,492,982.89 | 164,580,939.30 |
Add:Otherincome | 1,353,534,580.11 | 928,933,528.03 |
Returnoninvestment(“-”forloss) | 4,216,806,949.38 | 2,433,336,004.85 |
Including:Shareofprofitorlossofjointventuresandassociates | 78,926,555.74 | 106,458,465.42 |
Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
Exchangegain(“-”forloss) | ||
Netgainonexposurehedges(“-”forloss) | ||
Gainonchangesinfairvalue(“-”forloss) | 52,490,907.33 | 19,089,541.66 |
Creditimpairmentloss(“-”forloss) | -1,107,273,681.31 | -722,375,850.15 |
Assetimpairmentloss(“-”forloss) | -643,102,386.02 | -462,407,098.47 |
Assetdisposalincome(“-”forloss) | 571,964.16 | 206,315,700.34 |
3.Operatingprofit(“-”forloss) | 1,513,088,572.29 | 440,330,836.82 |
Add:Non-operatingincome | 82,601,532.35 | 87,126,795.41 |
Less:Non-operatingexpense | 24,444,724.35 | 25,590,474.86 |
4.Profitbeforetax(“-”forloss) | 1,571,245,380.29 | 501,867,157.37 |
Less:Incometaxexpense | 764,544,554.19 | -38,206,305.07 |
5.Netprofit(“-”fornetloss) | 806,700,826.10 | 540,073,462.44 |
5.1Byoperatingcontinuity | ||
5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 806,700,826.10 | 540,073,462.44 |
5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.2Byownership | ||
5.2.1NetprofitattributabletoshareholdersoftheCompanyastheparent | 905,352,997.68 | 477,633,250.14 |
5.2.1Netprofitattributabletonon-controllinginterests | -98,652,171.58 | 62,440,212.30 |
6.Othercomprehensiveincome,netoftax | -6,210,784.44 | -2,800,360.64 |
AttributabletoownersoftheCompanyastheparent | -3,753,045.45 | 3,081,866.10 |
6.1Itemsthatwillnotbereclassifiedtoprofitorloss | 1,625,107.80 | |
6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
6.1.3Changesinthefairvalueofinvestmentsinother | 1,625,107.80 |
KonkaGroupCo.,Ltd.AnnualReport2021
equityinstruments
equityinstruments | ||
6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
6.1.5Other | ||
6.2Itemsthatwillbereclassifiedtoprofitorloss | -3,753,045.45 | 1,456,758.30 |
6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | 1,182,217.31 | |
6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
6.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
6.2.5Reserveforcashflowhedges | ||
6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -4,935,262.76 | 1,456,758.30 |
6.2.7Other | ||
Attributabletonon-controllinginterests | -2,457,738.99 | -5,882,226.74 |
7.Totalcomprehensiveincome | 800,490,041.66 | 537,273,101.80 |
AttributabletoownersoftheCompanyastheparent | 901,599,952.23 | 480,715,116.24 |
Attributabletonon-controllinginterests | -101,109,910.57 | 56,557,985.56 |
8.Earningspershare | ||
8.1Basicearningspershare | 0.3760 | 0.1984 |
8.2Dilutedearningspershare | 0.3760 | 0.1984 |
Legalrepresentative:ZhouBinCFO:LiChunleiHeadofthefinancialdepartment:GuoZhihua
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
Item | 2021 | 2020 |
1.Operatingrevenue | 2,866,801,648.83 | 3,714,887,652.49 |
Less:Costofsales | 2,801,504,839.24 | 3,276,220,339.62 |
Taxesandsurcharges | 12,498,811.40 | 10,739,550.81 |
Sellingexpense | 424,186,040.12 | 503,144,683.54 |
Administrativeexpense | 382,489,529.42 | 472,549,413.24 |
R&Dexpense | 97,574,600.53 | 93,029,766.19 |
Financecosts | 483,733,481.27 | 626,375,762.29 |
KonkaGroupCo.,Ltd.AnnualReport2021
Including:Interestexpense
Including:Interestexpense | 839,889,878.68 | 813,956,736.75 |
Interestincome | 452,535,196.29 | 438,850,221.34 |
Add:Otherincome | 39,245,757.36 | 66,280,682.30 |
Returnoninvestment(“-”forloss) | 3,464,665,015.66 | 1,821,844,767.52 |
Including:Shareofprofitorlossofjointventuresandassociates | 94,791,865.50 | -5,700,659.97 |
Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
Netgainonexposurehedges(“-”forloss) | ||
Gainonchangesinfairvalue(“-”forloss) | -12,011,365.31 | 9,337,458.33 |
Creditimpairmentloss(“-”forloss) | -1,004,145,022.47 | -631,160,001.21 |
Assetimpairmentloss(“-”forloss) | -556,453,134.90 | -100,464,731.32 |
Assetdisposalincome(“-”forloss) | 188,200,000.00 | |
2.Operatingprofit(“-”forloss) | 596,115,597.19 | 86,866,312.42 |
Add:Non-operatingincome | 13,373,472.37 | 35,988,778.37 |
Less:Non-operatingexpense | 18,967,155.53 | 9,642,635.24 |
3.Profitbeforetax(“-”forloss) | 590,521,914.03 | 113,212,455.55 |
Less:Incometaxexpense | 265,929,368.36 | -94,328,961.05 |
4.Netprofit(“-”fornetloss) | 324,592,545.67 | 207,541,416.60 |
4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 324,592,545.67 | 207,541,416.60 |
4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
5.Othercomprehensiveincome,netoftax | 1,182,217.31 | |
5.1Itemsthatwillnotbereclassifiedtoprofitorloss | ||
5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | ||
5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
5.1.5Other | ||
5.2Itemsthatwillbereclassifiedtoprofitorloss | 1,182,217.31 | |
5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | 1,182,217.31 | |
5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
5.2.3Othercomprehensiveincomearisingfromthe |
KonkaGroupCo.,Ltd.AnnualReport2021
reclassificationoffinancialassets
reclassificationoffinancialassets | ||
5.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
5.2.5Reserveforcashflowhedges | ||
5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
5.2.7Other | ||
6.Totalcomprehensiveincome | 325,774,762.98 | 207,541,416.60 |
7.Earningspershare | ||
7.1Basicearningspershare | ||
7.2Dilutedearningspershare |
5.ConsolidatedCashFlowStatement
Unit:RMB
Item | 2021 | 2020 |
1.Cashflowsfromoperatingactivities: | ||
Proceedsfromsaleofcommoditiesandrenderingofservices | 49,515,088,981.33 | 47,366,925,545.71 |
Netincreaseincustomerdepositsandinterbankdeposits | ||
Netincreaseinborrowingsfromthecentralbank | ||
Netincreaseinloansfromotherfinancialinstitutions | ||
Premiumsreceivedonoriginalinsurancecontracts | ||
Netproceedsfromreinsurance | ||
Netincreaseindepositsandinvestmentsofpolicyholders | ||
Interest,handlingchargesandcommissionsreceived | ||
Netincreaseininterbankloansobtained | ||
Netincreaseinproceedsfromrepurchasetransactions | ||
Netproceedsfromactingtradingofsecurities | ||
Taxrebates | 419,652,399.70 | 453,084,150.61 |
Cashgeneratedfromotheroperatingactivities | 2,016,982,305.72 | 4,223,616,786.41 |
Subtotalofcashgeneratedfromoperatingactivities | 51,951,723,686.75 | 52,043,626,482.73 |
Paymentsforcommoditiesandservices | 46,186,429,808.61 | 45,800,932,391.57 |
Netincreaseinloansandadvancestocustomers | ||
Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
Paymentsforclaimsonoriginalinsurancecontracts | ||
Netincreaseininterbankloansgranted |
KonkaGroupCo.,Ltd.AnnualReport2021
Interest,handlingchargesandcommissionspaid
Interest,handlingchargesandcommissionspaid | ||
Policydividendspaid | ||
Cashpaidtoandforemployees | 1,952,798,829.91 | 1,744,799,823.16 |
Taxespaid | 862,563,882.08 | 854,326,582.63 |
Cashusedinotheroperatingactivities | 2,141,174,772.04 | 3,464,951,157.16 |
Subtotalofcashusedinoperatingactivities | 51,142,967,292.64 | 51,865,009,954.52 |
Netcashgeneratedfrom/usedinoperatingactivities | 808,756,394.11 | 178,616,528.21 |
2.Cashflowsfrominvestingactivities: | ||
Proceedsfromdisinvestment | 711,179,541.54 | 706,624,869.40 |
Returnoninvestment | 98,795,653.56 | 125,587,929.51 |
Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 235,061,583.74 | 370,112,371.91 |
Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | 2,569,725,512.90 | 873,767,298.03 |
Cashgeneratedfromotherinvestingactivities | 2,388,474,099.33 | 2,722,258,145.07 |
Subtotalofcashgeneratedfrominvestingactivities | 6,003,236,391.07 | 4,798,350,613.92 |
Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 6,639,941,735.82 | 5,639,711,463.90 |
Paymentsforinvestments | 841,389,150.64 | 254,250,619.25 |
Netincreaseinpledgedloansgranted | ||
Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 96,500,200.00 | |
Cashusedinotherinvestingactivities | 1,110,357,931.34 | 1,356,937,320.83 |
Subtotalofcashusedininvestingactivities | 8,688,189,017.80 | 7,250,899,403.98 |
Netcashgeneratedfrom/usedininvestingactivities | -2,684,952,626.73 | -2,452,548,790.06 |
3.Cashflowsfromfinancingactivities: | ||
Capitalcontributionsreceived | 149,069,787.60 | 505,578,067.25 |
Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 149,069,787.60 | 505,578,067.25 |
Borrowingsraised | 23,661,013,892.77 | 19,606,041,084.27 |
Cashgeneratedfromotherfinancingactivities | 1,019,124,723.01 | 2,755,219,144.42 |
Subtotalofcashgeneratedfromfinancingactivities | 24,829,208,403.38 | 22,866,838,295.94 |
Repaymentofborrowings | 19,372,566,049.47 | 17,891,643,322.79 |
Interestanddividendspaid | 963,157,376.97 | 865,497,236.05 |
Including:Dividendspaidbysubsidiariestonon-controllinginterests | 49,620,733.43 | 4,513,500.00 |
Cashusedinotherfinancingactivities | 928,627,586.95 | 1,974,684,683.67 |
KonkaGroupCo.,Ltd.AnnualReport2021
Subtotalofcashusedinfinancingactivities
Subtotalofcashusedinfinancingactivities | 21,264,351,013.39 | 20,731,825,242.51 |
Netcashgeneratedfrom/usedinfinancingactivities | 3,564,857,389.99 | 2,135,013,053.43 |
4.Effectofforeignexchangerateschangesoncashandcashequivalents | -18,370,051.58 | -56,726,595.56 |
5.Netincreaseincashandcashequivalents | 1,670,291,105.79 | -195,645,803.98 |
Add:Cashandcashequivalents,beginningoftheperiod | 4,298,056,113.24 | 4,493,701,917.22 |
6.Cashandcashequivalents,endoftheperiod | 5,968,347,219.03 | 4,298,056,113.24 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
Item | 2021 | 2020 |
1.Cashflowsfromoperatingactivities: | ||
Proceedsfromsaleofcommoditiesandrenderingofservices | 5,382,231,744.24 | 3,449,433,124.12 |
Taxrebates | 146,315,048.47 | 264,186,752.60 |
Cashgeneratedfromotheroperatingactivities | 354,644,830.80 | 2,775,286,767.61 |
Subtotalofcashgeneratedfromoperatingactivities | 5,883,191,623.51 | 6,488,906,644.33 |
Paymentsforcommoditiesandservices | 4,801,085,160.78 | 4,041,185,808.91 |
Cashpaidtoandforemployees | 305,846,589.21 | 339,065,929.50 |
Taxespaid | 17,618,283.94 | 21,261,070.79 |
Cashusedinotheroperatingactivities | 1,090,364,534.12 | 2,786,729,899.09 |
Subtotalofcashusedinoperatingactivities | 6,214,914,568.05 | 7,188,242,708.29 |
Netcashgeneratedfrom/usedinoperatingactivities | -331,722,944.54 | -699,336,063.96 |
2.Cashflowsfrominvestingactivities: | ||
Proceedsfromdisinvestment | 3,791,610,018.69 | 1,504,019,339.15 |
Returnoninvestment | 416,108,161.42 | 228,657,238.16 |
Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 250,499.51 | 188,356,456.56 |
Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
Cashgeneratedfromotherinvestingactivities | 5,806,654,263.21 | 9,733,428,063.02 |
Subtotalofcashgeneratedfrominvestingactivities | 10,014,622,942.83 | 11,654,461,096.89 |
Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 193,906,338.75 | 112,518,905.62 |
Paymentsforinvestments | 516,428,500.00 | 1,400,141,815.71 |
Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
Cashusedinotherinvestingactivities | 8,187,892,613.35 | 8,258,345,751.11 |
KonkaGroupCo.,Ltd.AnnualReport2021
Subtotalofcashusedininvestingactivities
Subtotalofcashusedininvestingactivities | 8,898,227,452.10 | 9,771,006,472.44 |
Netcashgeneratedfrom/usedininvestingactivities | 1,116,395,490.73 | 1,883,454,624.45 |
3.Cashflowsfromfinancingactivities: | ||
Capitalcontributionsreceived | ||
Borrowingsraised | 16,431,809,395.06 | 14,529,825,025.55 |
Cashgeneratedfromotherfinancingactivities | 12,359,266,361.42 | 9,797,462,437.60 |
Subtotalofcashgeneratedfromfinancingactivities | 28,791,075,756.48 | 24,327,287,463.15 |
Repaymentofborrowings | 15,084,306,762.28 | 15,109,478,610.76 |
Interestanddividendspaid | 782,072,702.29 | 741,959,265.05 |
Cashusedinotherfinancingactivities | 11,934,250,317.89 | 8,075,141,705.43 |
Subtotalofcashusedinfinancingactivities | 27,800,629,782.46 | 23,926,579,581.24 |
Netcashgeneratedfrom/usedinfinancingactivities | 990,445,974.02 | 400,707,881.91 |
4.Effectofforeignexchangerateschangesoncashandcashequivalents | -3,272,298.44 | -11,406,036.33 |
5.Netincreaseincashandcashequivalents | 1,771,846,221.77 | 1,573,420,406.07 |
Add:Cashandcashequivalents,beginningoftheperiod | 2,910,762,592.99 | 1,337,342,186.92 |
6.Cashandcashequivalents,endoftheperiod | 4,682,608,814.76 | 2,910,762,592.99 |
KonkaGroupCo.,Ltd.AnnualReport2021
7.ConsolidatedStatementsofChangesinOwners’Equity
2021
Unit:RMB
Item
Item | 2021 | ||||||||||||||
EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
Preferredshares | Perpetualbonds | Other | |||||||||||||
1.Balanceasattheendoftheprioryear | 2,407,945,408.00 | 230,185,310.09 | -16,583,042.42 | 1,211,721,109.67 | 4,595,371,391.63 | 8,428,640,176.97 | 2,292,254,947.67 | 10,720,895,124.64 | |||||||
Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||||
Adjustmentforcorrectionofpreviouserror | |||||||||||||||
Adjustmentforbusinesscombinationundercommoncontrol | |||||||||||||||
Otheradjustments | |||||||||||||||
2.Balanceasatthebeginningoftheyear | 2,407,945,408.00 | 230,185,310.09 | -16,583,042.42 | 1,211,721,109.67 | 4,595,371,391.63 | 8,428,640,176.97 | 2,292,254,947.67 | 10,720,895,124.64 | |||||||
3.Increase/decreaseintheperiod(“-”fordecrease) | 4,204,653.01 | -3,753,045.45 | 32,459,254.57 | 633,727,397.31 | 666,638,259.44 | -1,186,584,035.65 | -519,945,776.21 | ||||||||
3.1Totalcomprehensiveincome | -3,753,045.45 | 905,352,997.68 | 901,599,952.23 | -101,109,910.57 | 800,490,041.66 |
KonkaGroupCo.,Ltd.AnnualReport2021
3.2Capitalincreasedandreducedbyowners
3.2Capitalincreasedandreducedbyowners | 4,204,653.01 | 4,204,653.01 | -1,015,079,437.90 | -1,010,874,784.89 | ||||||
3.2.1Ordinarysharesincreasedbyowners | 79,947,914.99 | 79,947,914.99 | ||||||||
3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||
3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||
3.2.4Other | 4,204,653.01 | 4,204,653.01 | -1,095,027,352.89 | -1,090,822,699.88 | ||||||
3.3Profitdistribution | 32,459,254.57 | -273,253,795.37 | -240,794,540.80 | -42,123,733.44 | -282,918,274.24 | |||||
3.3.1Appropriationtosurplusreserves | 32,459,254.57 | -32,459,254.57 | ||||||||
3.3.2Appropriationtogeneralreserve | ||||||||||
3.3.3Appropriationtoowners(orshareholders) | -240,794,540.80 | -240,794,540.80 | -42,123,733.44 | -282,918,274.24 | ||||||
3.3.4Other | ||||||||||
3.4Transferswithinowners’equity | -28,270,953.74 | -28,270,953.74 | ||||||||
3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||||
3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||||||
3.4.3Lossoffsetbysurplusreserves |
KonkaGroupCo.,Ltd.AnnualReport2021
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | |||||||||||||
3.4.5Othercomprehensiveincometransferredtoretainedearnings | |||||||||||||
3.4.6Other | -28,270,953.74 | -28,270,953.74 | |||||||||||
3.5Specificreserve | |||||||||||||
3.5.1Increaseintheperiod | |||||||||||||
3.5.2Usedintheperiod | |||||||||||||
3.6Other | 1,628,195.00 | 1,628,195.00 | 1,628,195.00 | ||||||||||
4.Balanceasattheendoftheperiod | 2,407,945,408.00 | 234,389,963.10 | -20,336,087.87 | 1,244,180,364.24 | 5,229,098,788.94 | 9,095,278,436.41 | 1,105,670,912.02 | 10,200,949,348.43 |
2020
Unit:RMB
Item | 2020 | ||||||||||||||
EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
Preferredshares | Perpetualbonds | Other | |||||||||||||
1.Balanceasattheendoftheprioryear | 2,407,945,408.00 | 230,368,577.09 | -21,293,103.52 | 1,211,721,109.67 | 4,239,763,606.89 | 8,068,505,598.13 | 1,858,192,188.67 | 9,926,697,786.80 |
KonkaGroupCo.,Ltd.AnnualReport2021
Add:Adjustmentforchangeinaccountingpolicy
Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||
Adjustmentforcorrectionofpreviouserror | |||||||||||||
Adjustmentforbusinesscombinationundercommoncontrol | |||||||||||||
Otheradjustments | |||||||||||||
2.Balanceasatthebeginningoftheyear | 2,407,945,408.00 | 230,368,577.09 | -21,293,103.52 | 1,211,721,109.67 | 4,239,763,606.89 | 8,068,505,598.13 | 1,858,192,188.67 | 9,926,697,786.80 | |||||
3.Increase/decreaseintheperiod(“-”fordecrease) | -183,267.00 | 4,710,061.10 | 355,607,784.74 | 360,134,578.84 | 434,062,759.00 | 794,197,337.84 | |||||||
3.1Totalcomprehensiveincome | 3,081,866.10 | 477,633,250.14 | 480,715,116.24 | 56,557,985.56 | 537,273,101.80 | ||||||||
3.2Capitalincreasedandreducedbyowners | -183,267.00 | -183,267.00 | 418,501,067.25 | 418,317,800.25 | |||||||||
3.2.1Ordinarysharesincreasedbyowners | 418,501,067.25 | 418,501,067.25 | |||||||||||
3.2.2Capitalincreasedbyholdersofotherequityinstruments | |||||||||||||
3.2.3Share-basedpaymentsincludedinowners’equity | |||||||||||||
3.2.4Other | -183,267.00 | -183,267.00 | -183,267.00 | ||||||||||
3.3Profitdistribution | -120,397,270.40 | -120,397,270.40 | -40,996,293.81 | -161,393,564.21 | |||||||||
3.3.1Appropriationtosurplusreserves |
KonkaGroupCo.,Ltd.AnnualReport2021
3.3.2Appropriationtogeneralreserve
3.3.2Appropriationtogeneralreserve | ||||||||
3.3.3Appropriationtoowners(orshareholders) | -120,397,270.40 | -120,397,270.40 | -40,996,293.81 | -161,393,564.21 | ||||
3.3.4Other | ||||||||
3.4Transferswithinowners’equity | 1,628,195.00 | -1,628,195.00 | ||||||
3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||
3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||||
3.4.3Lossoffsetbysurplusreserves | ||||||||
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||
3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||
3.4.6Other | 1,628,195.00 | -1,628,195.00 | ||||||
3.5Specificreserve | ||||||||
3.5.1Increaseintheperiod | ||||||||
3.5.2Usedintheperiod | ||||||||
3.6Other |
KonkaGroupCo.,Ltd.AnnualReport2021
4.Balanceasattheendoftheperiod
4.Balanceasattheendoftheperiod | 2,407,945,408.00 | 230,185,310.09 | -16,583,042.42 | 1,211,721,109.67 | 4,595,371,391.63 | 8,428,640,176.97 | 2,292,254,947.67 | 10,720,895,124.64 |
8.StatementsofChangesinOwners’EquityoftheCompanyastheParent
2021
Unit:RMB
Item | 2021 | |||||||||||
Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
Preferredshares | Perpetualbonds | Other | ||||||||||
1.Balanceasattheendoftheprioryear | 2,407,945,408.00 | 112,570,352.72 | -2,682,217.31 | 1,227,564,785.19 | 2,352,385,005.09 | 6,097,783,333.69 | ||||||
Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
Adjustmentforcorrectionofpreviouserror | ||||||||||||
Otheradjustments | 320,463,787.20 | 320,463,787.20 | ||||||||||
2.Balanceasatthebeginningoftheyear | 2,407,945,408.00 | 112,570,352.72 | -2,682,217.31 | 1,227,564,785.19 | 2,672,848,792.29 | 6,418,247,120.89 | ||||||
3.Increase/decreaseintheperiod(“-”fordecrease) | -1,873,360.12 | 1,182,217.31 | 32,459,254.57 | 51,338,750.30 | 83,106,862.06 | |||||||
3.1Totalcomprehensiveincome | 1,182,217.31 | 324,592,545.67 | 325,774,762.98 | |||||||||
3.2Capitalincreasedandreducedbyowners | -1,873,360.12 | -1,873,360.12 | ||||||||||
3.2.1Ordinarysharesincreasedbyowners | ||||||||||||
3.2.2Capitalincreasedbyholdersof |
KonkaGroupCo.,Ltd.AnnualReport2021
otherequityinstruments
otherequityinstruments | ||||||||||
3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||
3.2.4Other | -1,873,360.12 | -1,873,360.12 | ||||||||
3.3Profitdistribution | 32,459,254.57 | -273,253,795.37 | -240,794,540.80 | |||||||
3.3.1Appropriationtosurplusreserves | 32,459,254.57 | -32,459,254.57 | ||||||||
3.3.2Appropriationtoowners(orshareholders) | -240,794,540.80 | -240,794,540.80 | ||||||||
3.3.3Other | ||||||||||
3.4Transferswithinowners’equity | ||||||||||
3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||||
3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||||||
3.4.3Lossoffsetbysurplusreserves | ||||||||||
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||||
3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||||
3.4.6Other | ||||||||||
3.5Specificreserve | ||||||||||
3.5.1Increaseintheperiod | ||||||||||
3.5.2Usedintheperiod | ||||||||||
3.6Other | ||||||||||
4.Balanceasattheendoftheperiod | 2,407,945,408.00 | 110,696,992.60 | -1,500,000.00 | 1,260,024,039.76 | 2,724,187,542.59 | 6,501,353,982.95 |
KonkaGroupCo.,Ltd.AnnualReport2021
2020
Unit:RMB
Item
Item | 2020 | |||||||||||
Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
Preferredshares | Perpetualbonds | Other | ||||||||||
1.Balanceasattheendoftheprioryear | 2,407,945,408.00 | 114,018,066.79 | -2,682,217.31 | 1,227,564,785.19 | 2,245,698,875.22 | 5,992,544,917.89 | ||||||
Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
Adjustmentforcorrectionofpreviouserror | ||||||||||||
Otheradjustments | 19,541,983.67 | 19,541,983.67 | ||||||||||
2.Balanceasatthebeginningoftheyear | 2,407,945,408.00 | 114,018,066.79 | -2,682,217.31 | 1,227,564,785.19 | 2,265,240,858.89 | 6,012,086,901.56 | ||||||
3.Increase/decreaseintheperiod(“-”fordecrease) | -1,447,714.07 | 87,144,146.20 | 85,696,432.13 | |||||||||
3.1Totalcomprehensiveincome | 207,541,416.60 | 207,541,416.60 | ||||||||||
3.2Capitalincreasedandreducedbyowners | -1,264,447.07 | -1,264,447.07 | ||||||||||
3.2.1Ordinarysharesincreasedbyowners | ||||||||||||
3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||||
3.2.3Share-basedpaymentsincludedinowners’equity |
KonkaGroupCo.,Ltd.AnnualReport2021
3.2.4Other
3.2.4Other | -1,264,447.07 | -1,264,447.07 | ||||||||
3.3Profitdistribution | -120,397,270.40 | -120,397,270.40 | ||||||||
3.3.1Appropriationtosurplusreserves | ||||||||||
3.3.2Appropriationtoowners(orshareholders) | -120,397,270.40 | -120,397,270.40 | ||||||||
3.3.3Other | ||||||||||
3.4Transferswithinowners’equity | ||||||||||
3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||||
3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||||||
3.4.3Lossoffsetbysurplusreserves | ||||||||||
3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||||
3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||||
3.4.6Other | ||||||||||
3.5Specificreserve | ||||||||||
3.5.1Increaseintheperiod | ||||||||||
3.5.2Usedintheperiod | ||||||||||
3.6Other | -183,267.00 | -183,267.00 | ||||||||
4.Balanceasattheendoftheperiod | 2,407,945,408.00 | 112,570,352.72 | -2,682,217.31 | 1,227,564,785.19 | 2,352,385,005.09 | 6,097,783,333.69 |
I.CompanyProfile
1.EstablishmentKonkaGroupCo.,Ltd.(hereinafterreferredtoas“Company”or“theCompany”andthe“Group”whenincludingsubsidiaries),isajoint-stocklimitedcompanyreorganizedfromtheformerShenzhenKonkaElectronicCo.,Ltd.inAugust1991uponapprovalofthePeople’sGovernmentofShenzhenMunicipality,andhasitsordinaryshares(A-shareandB-share)listedonShenzhenStockExchangewithpriorconsentfromthePeople’sBankofChinaShenzhenSpecialEconomicZoneBranch.On29August1995,theCompanywasrenamedto“KonkaGroupCo.,Ltd.”(Credibilitycode:914403006188155783)withitsmainbusinesselectronicindustry.AndnowtheheadquarterslocatesinNo.28ofNo.12ofKejiSouthRd.,Science&TechnologyPark,YuehaiStreet,NanshanDistrict,Shenzhen,GuangdongProvince.
2.SharecapitalAfterthedistributionofbonusshares,allotments,increasedsharecapitalandnewsharesissuedovertheyears,asof31December2021,theCompanyhasissuedatotalof2,407,945,408.00shares(denominationofRMB1pershare)witharegisteredcapitalofRMB2,407,945,408.00.
3.Thenatureofthecompany'sbusinessandmainoperatingactivitiesTheGroupwasmainlyengagedintheproductionandsalesofcolourTVs,whitegoods,etc.;aswellastheoperationofindustrytradebusiness,environmentalprotection,semi-conductor,etc.
4.ThefinancialstatementscontainedhereinhavebeenapprovedforissuebytheBoardofDirectorsoftheCompanyon28March2022.II.Consolidationscope
Thegroupconsolidatedfinancialstatementsincludeshenzhenkonkaelectronictechnologyco.,LTD.,anhuikonkaelectronicco.,LTD.,dongguankonkaelectronicco.,LTD120subsidiaries,comparedwiththepreviousyear,thisyearbecauseofnewbuybuyincreasingshaanxikonkaintelligentelectricalappliancesco.,LTD.,southTongKangelectricintelligenttechnologyco.,LTD.,konka,tradeandindustryscienceandtechnology(shenzhen)co.,LTD.,etc.33,DuetoequitytransferlossofcontrolorcancellationofsubsidiariesreducedyikangTechnologyCo.,LTD.,ShenzhenYisquareNetworkTechnologyCo.,LTD.,56.Fordetails,pleaserefertoNote7“Changesintheconsolidationscope”andNote8"EquityinOtherEntities".
2.AchecklistofcorporatenamesandtheirabbreviationsmentionedinthisReport
No.
No. | Corporatename | Abbreviation |
1 | ShenzhenKonkaElectronicsTechnologyCo.,Ltd. | ElectronicsTechnology |
2 | AnhuiKonkaZhilianE-CommerceCo.,Ltd. | AnhuiZhilian |
3 | HaimenKonkaSmartTechnologyCo.,Ltd. | HaimenKonka |
4 | ChengduKonkaSmartTechnologyCo.,Ltd. | ChengduKonkaSmart |
5 | ChengduKonkaElectronicCo.,Ltd. | ChengduKonkaElectronic |
6 | NantongHongdinSmartTechnologyCo.,Ltd. | NantongHongdin |
7 | ShenzhenYouzhihuiTechnologyCo.,Ltd. | Youzhihui |
8 | XiaojiaTechnologyCo.,Ltd. | XiaojiaTechnology |
9 | LiaoyangKangshunSmartTechnologyCo.,Ltd. | LiaoyangKangshunSmart |
10 | LiaoyangKangshunRenewableResourcesCo.,Ltd. | LiaoyangKangshunRenewable |
11 | NanjingKonkaElectronicsCo.,Ltd. | NanjingKonka |
No.
No. | Corporatename | Abbreviation |
12 | ChuzhouKonkaPrecisionIntelligentManufacturingTechnologyCo.,Ltd. | ChuzhouKonka |
13 | Xi'anHuashengJiachengRealEstateCo.,Ltd. | Xi'anHuasheng |
14 | GuangDongXingDaHongYeElectronicCo.,Ltd. | XingDaHongYe |
15 | ShanghaiXinfengZhuoqunPCBCo.,Ltd. | ShanghaiXinfeng |
16 | ShenzhenKonkaCircuitCo.,Ltd. | KonkaCircuit |
17 | SuiningKonkaSoftElectronicTechnologyCo.,Ltd. | KonkaSoftElectronic |
18 | SuiningKonkaHongyeElectronicsCo.,Ltd. | KonkaHongyeElectronics |
19 | BoluoKonkaPrecisionTechnologyCo.,Ltd. | BoluoPrecision |
20 | BoluoKonkaPCBCo.,Ltd. | BoluoKonka |
21 | XiamenDalongTradingCo.,Ltd. | XiamenDalong |
22 | AnhuiKonkaTongchuangElectricalAppliancesCo.,Ltd. | AnhuiTongchuang |
23 | JiangsuKonkaSmartElectricalAppliancesCo.,Ltd. | JiangsuKonkaSmart |
24 | AnhuiKonkaElectricalApplianceTechnologyCo.,Ltd. | AnhuiElectricalAppliance |
25 | HenanFrestecRefrigerationApplianceCo.,Ltd. | FrestecRefrigeration |
26 | HenanFrestecElectricalAppliancesCo.,Ltd. | FrestecElectricalAppliances |
27 | HenanFrestecHouseholdAppliancesCo.,Ltd. | FrestecHouseholdAppliances |
28 | HenanFrestecSmartHomeTechnologyCo.,Ltd. | FrestecSmartHome |
29 | ShenzhenKonkaInvestmentHoldingsCo.,Ltd. | KonkaInvestment |
30 | YibinKonkaTechnologyParkOperationCo.,Ltd. | YibinKonkaTechnologyPark |
31 | ShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd. | KonkaCapital |
32 | ShenzhenKonkaIndustrialParkDevelopmentCo.,Ltd. | IndustrialParkDevelopment |
33 | KonkaSuiyongInvestment(Shenzhen)Co.,Ltd. | KonkaSuiyong |
34 | ShenzhenKangquanEnterpriseManagementConsultingCo.,Ltd. | KangquanEnterprise |
35 | ShenzhenKonkaSuyuanInvestmentIndustrialCo.,Ltd. | KonkaSuyuan |
36 | ShenzhenKonkaShengxingIndustrialCo.,Ltd. | ShengxingIndustrial |
37 | ShenzhenKonkaZhitongTechnologyCo.,Ltd. | ZhitongTechnology |
38 | KonkaFactoring(Shenzhen)Co.,Ltd. | KonkaFactoring |
39 | BeijingKonkaElectronicCo.,Ltd. | BeijingKonkaElectronic |
40 | KonkaFinancialLeasing(Tianjin)Co.,Ltd. | KonkaLeasing |
41 | SuiningKonkaIndustrialParkDevelopmentCo.,Ltd. | SuiningKonkaIndustrialPark |
42 | SuiningKonkaElectronicTechnologicalInnovationCo.,Ltd. | SuiningElectronicTechnologicalInnovation |
43 | ShanghaiKonkaIndustrialCo.,Ltd. | ShanghaiKonka |
44 | YantaiKangjinTechnologyDevelopmentCo.,Ltd. | YantaiKangjin |
45 | ShenzhenKonkaMobileInterconnectionTechnologyCo.,Ltd. | MobileInterconnection |
46 | SichuanKonkaSmartTerminalTechnologyCo.,Ltd | SichuanKonka |
No.
No. | Corporatename | Abbreviation |
47 | YibinKonkaSmartTechnologyCo.,Ltd. | YibinSmart |
48 | ShenzhenKONSEMICo.,Ltd. | ShenzhenKONSEMI |
49 | ChongqingKonkaTechnologyDevelopmentCo.,Ltd. | ChongqingKonka |
50 | HefeiKONSEMIStorageTechnologyCo.,Ltd. | HefeiKONSEMI |
51 | HefeiYiheElectronicCo.,Ltd. | YiheElectronic |
52 | ShenzhenKanghuijiaTechnologyCo.,Ltd. | ShenzhenKanghuiTechnology |
53 | ChongqingKonkaHuiyingTechnologyCo.,Ltd. | ChongqingHuiyingTechnology |
54 | KowinMemoryTechnology(Shenzhen)Co.,Limited | KowinMemory(Shenzhen) |
55 | KowinMemoryTechnology(HongKong)Co.,Limited | KowinMemory(HongKong) |
56 | KonkaXinyunSemiconductorTechnology(Yancheng)Co.,Ltd. | KonkaXinyunSemiconductor |
57 | KonkaIndustrialandTradeTechnology(Shenzhen)Co.,Ltd. | IndustrialandTradeTechnology |
58 | ShenzhenNianhuaEnterpriseManagementCo.,Ltd. | ShenzhenNianhua |
59 | KonkaHuazhong(Hunan)TechnologyCo.,Ltd. | KonkaHuazhong |
60 | ShenzhenWankaidaScienceandTechnologyCo.,Ltd. | Wankaida |
61 | ShenzhenKonkaChuangzhiElectricalAppliancesCo.,Ltd. | ShenzhenChuangzhiElectricalAppliances |
62 | SuiningJiarunPropertyCo.,Ltd. | SuiningJiarunProperty |
63 | ShenzhenKonkaElectricalAppliancesCo.,Ltd. | KonkaElectricalAppliances |
64 | ShenzhenE2infoNetworkTechnologyCo.,Ltd. | E2info |
65 | E2info(Hainan)NetworkTechnologyCo.,Ltd. | E2info(Hainan) |
66 | AnhuiKonkaElectronicCo.,Ltd. | AnhuiKonka |
67 | AnhuiKangzhiTradeCo.,Ltd. | KangzhiTrade |
68 | ShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd. | TelecommunicationTechnology |
69 | KonkaMobilityCo.,Limited | KonkaMobility |
70 | DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | DongguanKangjia |
71 | DongguanKonkaElectronicCo.,Ltd. | DongguanKonka |
72 | SuiningKonkaSmartTechnologyCo.,Ltd. | SuiningKonkaSmart |
73 | ChongqingKonkaOptoelectronicTechnologyResearchInstituteCo.,Ltd. | ChongqingOptoelectronicTechnologyResearchInstitute |
74 | YibinKangrunEnvironmentalTechnologyCo.,Ltd. | YibinKangrun |
75 | YibinKangrunMedicalWasteCentralizedTreatmentCo.,Ltd. | YibinKangrunMedical |
76 | YibinKangrunEnvironmentalProtectionPowerGenerationCo.,Ltd. | YibinKangrunEnvironmentalProtection |
77 | NingboKhrElectricApplianceCo.,Ltd. | NingboKhrElectricAppliance |
78 | JiangxiKonkaNewMaterialTechnologyCo.,Ltd. | JiangxiKonka |
79 | JiangxiHighTransparentSubstrateMaterialTechnologyCo.,Ltd.(formerlyknownas“JiangxiGoldenPhoenixNano-GrystallizedGlassCo.,Ltd.”) | JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) |
No.
No. | Corporatename | Abbreviation |
80 | JiangsuKonkaSpecialMaterialTechnologyCo.,Ltd. | JiangsuKonkaSpecialMaterial |
81 | JiangxiXinfengMicrocrystallineJadeCo.,Ltd. | XinfengMicrocrystalline |
82 | KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd. | KonkaHuanjia |
83 | KonkaHuanjia(Henan)EnvironmentalTechnologyCo.,Ltd. | KonkaHuanjia(Henan) |
84 | ShandongEconTechnologyCo.,Ltd. | EconTechnology |
85 | EconEnvironmentalEngineeringCo.,Ltd. | EconEnvironmentalEngineering |
86 | BeijingEconRunfengTechnologyCo.,Ltd. | BeijingEcon |
87 | BinzhouEconZhongkeEnvironmentalTechnologyCo.,Ltd. | BinzhouEconZhongke |
88 | DayiKangrunWaterCo.,Ltd. | DayiKangrunWater |
89 | TingyuanEnvironmentalTechnology(Shanghai)Co.,Ltd. | TingyuanEnvironmental |
90 | ShanghaiJiyiEnvironmentalTechnologyCo.,Ltd. | ShanghaiJiyi |
91 | KangrunhongEnvironmentalTechnology(Yantai)Co.,Ltd. | KangrunhongEnvironmental |
92 | DonggangKangrunEnvironmentalManagementCo.,Ltd. | DonggangKangrun |
93 | GaopingKangrunEnvironmentalProtection&WaterCo.,Ltd. | GaopingKangrun |
94 | Xi’anGaolingKangrunEnvironmentalEngineeringCo.,Ltd. | Xi’anKangrun |
95 | ChangningKangrunWaterCo.,Ltd. | ChangningKangrun |
96 | LushanKangrunEnvironmentalManagementCo.,Ltd. | LushanKangrunEnvironmental |
97 | TongchuanKangrunHonghuiEnvironmentalManagementCo.,Ltd. | TongchuanKangrunHonghui |
98 | RushanEconWaterEnvironmentManagementCo.,Ltd. | RushanEcon |
99 | MengchengKangrunAnjianWaterCo.,Ltd. | MengchengKangrun |
100 | ChongzhouKangrunEnvironmentCo.,Ltd. | ChongzhouKangrun |
101 | SuiningPengxiKangrunEnvironmentalManagementCo.,Ltd. | SuiningPengxiKangrun |
102 | FunanKangrunWaterCo.,Ltd. | FunanKangrunWater |
103 | SubeiMongolAutonomousCountyKangrunWaterCo.,Ltd. | SubeiKangrunWater |
104 | LinfenKangrunJinzeWaterSupplyCo.,Ltd. | LinfenKangrun |
105 | WuhanRunyuanWastewaterTreatmentCo.,Ltd. | WuhanRunyuanWastewater |
106 | BinzhouWeiyijieEnvironmentalTechnologyCo.,Ltd. | BinzhouWeiyijie |
107 | BinzhouBeihaiJingmaiIndustrialDevelopmentCo.,Ltd. | BinzhouBeihaiJingmai |
108 | YantaiChunzhiranEnvironmentalTechnologyCo.,Ltd. | Chunzhiran |
109 | LaizhouLairunHoldingCo.,Ltd. | LairunHolding |
110 | LaizhouBinhaiWastewaterTreatmentCo.,Ltd. | BinhaiWastewater |
111 | LaizhouLairunEnvironmentalProtectionCo.,Ltd. | LairunEnvironmentalProtection |
112 | LaizhouLairunWastewaterTreatmentCo.,Ltd. | LairunWastewater |
113 | WeifangSihaiKangrunInvestmentOperationCo.,Ltd. | WeifangSihaiKangrun |
No.
No. | Corporatename | Abbreviation |
114 | XixianKangrunXijianWaterEnvironmentDevelopmentCo.,Ltd. | XixianKangrun |
115 | AnkangKangrunXinhengWaterEnvironmentCo.,Ltd. | AnkangKangrun |
116 | BokangRenewableResources(Yantai)Co.,Ltd. | BokangRenewable |
117 | KangrunchengEnvironmentalTechnology(Yantai)Co.,Ltd. | KangrunchengEnvironmentalTechnology |
118 | ShaanxiKonkaIntelligentApplianceCo.,Ltd. | ShaanxiKonkaIntelligent |
119 | ShenzhenKonkaPengrunTechnology&IndustryCo.,Ltd. | PengrunTechnology |
120 | JiaxinTechnologyCo.,Ltd. | JiaxinTechnology |
121 | KonkaRongheIndustrialTechnology(Zhejiang)Co.,Ltd. | KonkaRonghe |
122 | ChongqingKangxingruiEnvironmentalTechnologyCo.,Ltd. | ChongqingKangxingrui |
123 | ChongqingKangxingruiScrapedAutomobileRecyclingCo.,Ltd. | ChongqingKangxingruiAutomobileRecycling |
124 | ChongqingKangleiOptoelectronicTechnologyCo.,Ltd. | ChongqingKangleiOptoelectronic |
125 | HenanKangxinPropertyCo.,Ltd. | HenanKangxinProperty |
126 | ShenzhenKonkaUnifortuneTechnologyCo.,Ltd. | KonkaUnifortune |
127 | JialiInternational(HongKong)Limited | JialiInternational |
128 | SichuanKangjiatongTechnologyCo.,Ltd. | Kangjiatong |
129 | Kanghong(Yantai)EnvironmentalTechnologyCo.,Ltd. | Kanghong(Yantai)Environmental |
130 | Jiangkang(Shanghai)TechnologyCo.,Ltd. | Jiangkang(Shanghai)Technology |
131 | ShenzhenKonkaIntelligentManufacturingTechnologyCo.,Ltd. | KonkaIntelligentManufacturing |
132 | YantaiLaikangIndustrialDevelopmentCo.,Ltd. | YantaiLaikang |
133 | HainanKonkaMaterialTechnologyCo.,Ltd. | KonkaMaterial |
134 | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | KonkaVentures |
135 | YibinKonkaIncubatorManagementCo.,Ltd. | YibinKonkaIncubator |
136 | YantaiKonkaHealthcareEnterpriseServiceCo.,Ltd. | YantaiKonka |
137 | ChengduAnrenKonkaCulturalandCreativeIncubatorManagementCo.,Ltd. | ChengduAnren |
138 | GuiyangKonkaEnterpriseServiceCo.,Ltd. | KonkaEnterpriseService |
139 | NanjingChuanghuiSmartTechnologyCo.,Ltd. | ChuanghuiSmart |
140 | ShenzhenKonkaEco-DevelopmentInvestmentCo.,Ltd. | KonkaEco-Development |
141 | ShenzhenKangxinPropertyCo.,Ltd. | ShenzhenKangxinProperty |
142 | HenanKanghanPropertyCo.,Ltd. | HenanKanghanProperty |
143 | Konka(Europe)Co.,Ltd. | KonkaEurope |
144 | HongKongKonkaLimited | HongKongKonka |
145 | KangxinSemiconductor(Yantai)Co.,Ltd. | KangxinSemiconductor |
146 | HongdinInternationalTradingLimited | HongdinTrading |
No.
No. | Corporatename | Abbreviation |
147 | KonkaNorthAmericaLLC | KonkaNorthAmerica |
148 | KanghaoTechnologyCo.,Ltd. | KanghaoTechnology |
149 | HongdinInvestDevelopmentLimited | HongdinInvest |
150 | ChainKingdomMemoryTechnologiesCo.,Limited | ChainKingdomMemoryTechnologies |
151 | ChainKingdomMemoryTechnologies(Shenzhen)Co.,Limited | ChainKingdomMemoryTechnologies(Shenzhen) |
152 | HefeiChainKingdomMemoryTechnologiesCo.,Limited | HefeiChainKingdomMemoryTechnologies |
153 | KKSmartechLimited | KKSmartech |
154 | Hongjet(HongKong)CompanyLimited | Hongjet |
155 | YantaiKangyunIndustrialDevelopmentCo.,Ltd. | YantaiKangyun |
156 | YantaiKangyunPropertyDevelopmentCo.,Ltd. | YantaiKangyunProperty |
157 | Xi'anFeiheRealEstateDevelopmentCo.,Ltd. | Xi'anFeihe |
158 | ChongqingXinyuanSemiconductorCo.,Ltd. | ChongqingXinyuanSemiconductor |
159 | JiangxiKonkaIndustrialParkDevelopmentCo.Ltd. | JiangxiKonkaIndustrialPark |
160 | RuichangKangruiRealEstateCo.,Ltd. | RuichangKangruiRealEstate |
161 | KonkaIndustrialDevelopment(Wuhan)Co.,Ltd. | IndustrialdevelopmentinWuhan |
162 | ShenzhenKangxiaojiaDigitalInformationTechnologyCo.,Ltd. | KangxiaojiaDigital |
163 | ShenzhenKanghongDongshengInvestmentPartnership(LimitedPartnership) | KanghongDongsheng |
164 | ShenzhenYijiakangSmartTerminalTechnologyCo.,Ltd. | YijiakangSmartTerminal |
165 | E2info(Chongqing)NetworkTechnologyCo.,Ltd. | ChongqingE2info |
166 | LanrunEnvironmentProtectionTechnology(Yantai)Co.,Ltd. | LanrunEnvironmentalProtection |
167 | GuizhouKangkaiMaterialTechnologyCo.,Ltd. | GuizhouKangkaiMaterialTechnology |
168 | GuizhouKonkaNewMaterialTechnologyCo.,Ltd. | GuizhouKonkaNewMaterialTechnology |
169 | GuizhouKangguiEnergyCo.,Ltd. | GuizhouKangguiEnergy |
170 | GuangdongXinweiSemiconductorCo.,Ltd. | GuangdongXinwei |
171 | ChongqingKangxingruiRenewableResourcesCo.,Ltd. | KangxinrunRenewableResources |
172 | GuizhouKangguiMaterialTechnologyCo.,Ltd. | GuizhouKangguiMaterialTechnology |
173 | SichuanChengruiRealEstateCo.,Ltd. | SichunChengrui |
174 | ChongqingJiarunRealEstateCo.,Ltd. | ChongqingJiarun |
175 | NantongKanghaiTechnologyIndustryDevelopmentCo.,Ltd. | NantongKanghai |
176 | ChongqingKangyiyunBusinessOperationManagementCo.,Ltd. | ChongqingKangyiyun |
III.BasisforthePreparationofFinancialStatements
1.Basicforthepreparation
Withthegoing-concernassumptionasthebasisandbasedontransactionsandothereventsthatactuallyoccurred,theGrouppreparedfinancialstatementsinaccordancewiththeAccountingStandardsforBusinessEnterprisesissuedbytheMinistryofFinanceandotherregulationsaswellastheaccountingpoliciesandestimationsstipulatedintheNoteIV“SignificantAccountingPoliciesandEstimations”.
2.Going-concern
TheGrouphasarecenthistoryofprofitableoperationssupportedbyfinancialresourcesandconsidersitreasonabletopreparethefinancialstatementsonagoingconcernbasis.IV.ImportantAccountingPoliciesandEstimations
1.StatementofCompliancewiththeAccountingStandardsforBusinessEnterprisesThefinancialstatementspreparedbytheGroupareincompliancewithincompliancewiththeAccountingStandardsforBusinessEnterprises,whichfactuallyandcompletelypresenttheGroup’sfinancialpositions,businessresultsandcashflows,andotherrelevantinformation.
2.FiscalPeriodTheGroup’sfiscalyearstartsonJanuary1andendsonDecember31ofeveryyearaccordingtotheGregoriancalendar.
3.OperatingCycleThenormaloperatingcyclereferstotheperiodfromthepurchaseofassetsforprocessingtotherealizationofcashorcashequivalentsbytheGroup.AnoperatingcyclefortheGroupis12months,whichisalsotheclassificationcriterionfortheliquidityofitsassetsandliabilities.
4.RecordingCurrencyTheGroupadoptedRMBasthebookkeepingbasecurrency.
5.AccountingTreatmentMethodsforBusinessCombinationsundertheSameControlornotundertheSameControlAsthecombiningparty,theassetsandliabilitiesobtainedbytheGroupinabusinesscombinationunderthesamecontrolshallbemeasuredonthebasisoftheircarryingvalueinthefinalcontrollingpartyonthecombiningdate.Asforthebalancebetweenthecarryingvalueofthenetassetsobtainedandthecarryingvalueoftheconsiderationpaidbyit,thecapitalreserveshallbeadjusted.Ifthecapitalreserveisnotsufficienttobeoffset,theretainedearningsshallbeadjusted.Theidentifiableassets,liabilitiesandcontingentliabilitiesoftheacquireeacquiredinthebusinesscombinationunderdifferentcontrolshallbemeasuredatfairvalueontheacquisitiondate.Themergercostisthesumofthefairvalueofcashornon-cashassets,liabilitiesissuedorassumed,equitysecuritiesissued,etc.paidbytheGrouponthepurchasedatetogaincontroloverthepurchasedpartyandalldirectlyrelatedexpensesincurredinthebusinesscombination(Themergecostofbusinesscombinationrealizedstepbystepthroughmultipletransactionsisthesumofeverysingletransaction’scost).Thebalancethatthecombinedcostgreaterthanthefairvalueshareoftheidentifiablenetassetsofthepurchasedpartyobtainedinthecombinationshallberecognizedasgoodwill;Whenthemergercostislessthanthefairvalueshareoftheidentifiablenetassetsoftheacquireeacquiredinthemerger,thefairvalueofallidentifiableassets,liabilitiesandcontingentliabilitiesacquiredinthemerger,andnon-cashassetsofthemergerconsiderationorequitysecuritiesissued,etc.shallbereviewedfirst.Afterreview,ifthemergercostisstilllessthanthefairvalueshareoftheidentifiablenetassetsoftheacquireeacquiredinthemerger,thedifferenceshallbeincludedinthenon-operatingincomeofthemergerperiod.
6.MethodsforPreparingConsolidatedFinancialStatementsThescopeofconsolidationincludesallcontrolledsubsidiariesandstructuralentities.
ThefinancialstatementsofsubsidiariesareadjustedinaccordancewiththeaccountingpoliciesandaccountingperiodoftheGroupduringthepreparationoftheconsolidatedfinancialstatements,wheretheaccountingpoliciesandtheaccountingperiodsareinconsistentbetweentheGroupandsubsidiaries.Allsignificantinternaltransactions,currentbalancesandunrealizedprofitswithinthescopeofconsolidationshallbeoffsetwhenpreparingtheconsolidatedstatement.Thesharesofthesubsidiary'sowner'sequitythatdonotbelongtotheparentGroupandthesharesofminorityshareholders'equityincurrentnetprofitandloss,othercomprehensiveincomeandtotalcomprehensiveincomeshallberespectivelylistedintheconsolidatedfinancialstatement"Minorityshareholders'equity,minorityshareholders'profitandloss,othercomprehensiveincomethatbelongstominorityshareholdersandtotalcomprehensiveincomethatbelongstominorityshareholders".Forsubsidiariesacquiredthroughmergerofenterprisesunderthesamecontrol,theiroperatingresultsandcashflowsareincludedintheconsolidatedfinancialstatementsfromthebeginningofthecurrentmergerperiod.Whenpreparingthecomparativeconsolidatedfinancialstatements,therelevantitemsinthefinancialstatementsofthepreviousyearshallbeadjustedasiftheconsolidatedreportingentityhadexistedsincethefinalcontrollingpartybegantocontrolit.ThetreatmentmethodofsupplementarydisclosureinconsolidatedfinancialstatementfortheReportingPeriodwhenthecontrollingrightisacquired,iftheequityoftheinvestedorganizationunderthesamecontrolissuccessivelyobtainedthroughseveraltransactionsandeventuallytheenterprisemergerisconducted.Forexample:Attheoccasionoftheequityoftheinvesteeunderthesamecontrolisacquiredstepbystepthroughmultipletransactions,andfinallyformthebusinesscombination,whenpreparingtheconsolidatedstatement,itshallbedeemedastheadjustmentismadeinthecurrentstatewhenthefinalcontrollingpartystartstocontrol.Andwhencompilingthecomparativereport,theassetsandliabilitiesofthemergedpartyshallbemergedintothecomparativestatementoftheconsolidatedfinancialstatementsoftheconsolidatedGroupwithoutanyearlierthanthetimewhentheGroupandthemergedpartyareunderthecontroloftheultimatecontrollingparty,andthecombinednetincreasedassetsshallbeadjustedtotherelevantitemsunderowners'equityinthecomparativestatements.Inordertoavoidthere-calculationofthenetassetsvalueofthemergedparty,thelong-termequityinvestmentheldbytheGroupbeforethemerger,theconfirmedrelevantprofitandlossonthesamepartywiththeGroupandthemergedpartyonthedateofacquisitionoftheoriginalequityfromthefinalcontroldatetothemergerdate,andchangesofothercomprehensiveincomeandothernetassetsshalloffsetthebeginningretainedearningsandcurrentprofitsandlossesofthecomparativestatementperiodrespectively.Forsubsidiariesacquiredthroughbusinesscombinationunderthedifferentcontrol,theoperatingresultsandcashflowshallbeincludedintheconsolidatedfinancialstatementsfromthedatewhentheGroupobtainsthecontrolright.Whenpreparingtheconsolidatedfinancialstatements,thefinancialstatementsofthesubsidiariesshallbeadjustedonthebasisofthefairvalueoftheidentifiableassets,liabilitiesandcontingentliabilitiesdeterminedontheacquisitiondate.ThetreatmentmethodofsupplementarydisclosureinconsolidatedfinancialstatementfortheReportingPeriodwhenthecontrollingrightisacquired,iftheequityoftheinvestedorganizationnotunderthesamecontrolissuccessivelyobtainedthroughseveraltransactionsandeventuallytheenterprisemergerisconducted.Forexample:Attheoccasionoftheequityoftheinvesteeunderdifferentcontrolisacquiredstepbystepthroughmultipletransactionsandeventuallyformthebusinesscombination,whenpreparingtheconsolidatedstatement,theequityoftheinvesteeheldbeforethepurchasedateisre-measuredaccordingtothefairvalueoftheequityonthepurchasedate,andthedifferencebetweenthefairvalueanditsbookvalueisincludedinthecurrentinvestmentincome.Theequityoftheacquireeheldbeforetherelevantpurchasedateinvolvesothercomprehensiveincomeundertheequitymethodandotherchangesinowner'sequityotherthannetprofitandloss,othercomprehensiveincomeandprofitdistribution,whichareconvertedintoinvestmentprofitandlossinthecurrentperiodofthepurchasedate,exceptforothercomprehensiveincomearisingfromtheremeasurementofdefinedbenefitplans'snet
liabilitiesorchangesinnetassetsbytheinvestee.TheGrouppartiallydisposesoflong-termequityinvestmentsinsubsidiarieswithoutlosingcontrol,whenpreparingtheconsolidatedfinancialstatements,thedifferencebetweenthedisposalpriceandtheshareofnetassetsthatthesubsidiarieshavecontinuouslycalculatedsincethedateofpurchaseorthedateofconsolidationiscorrespondingtothedisposaloflong-termequityinvestments.Thecapitalpremiumorequitypremiumisadjusted.Ifthecapitalreserveisinsufficienttooffset,theretainedearningsareadjusted.IftheGrouplosescontrolovertheinvesteeduetothedisposalofsomeequityinvestmentsandotherreasons,theremainingequityshallbere-measuredatitsfairvalueonthedateoflossofcontrolwhenpreparingtheconsolidatedfinancialstatements.Thedifferencebetweenthesumoftheconsiderationobtainedfromthedisposalofequityandthefairvalueoftheremainingequity,minustheshareofthenetassetsoftheoriginalsubsidiarycalculatedonthebasisoftheoriginalshareholdingratioandcontinuouslycalculatedfromthedateofpurchaseormerger,isincludedintheinvestmentprofitandlossofthecurrentperiodwhenthecontrolrightislost,andgoodwillisoffset.Othercomprehensiveincomerelatedtotheoriginalsubsidiary'sequityinvestment,etc.,willbetransferredtothecurrentinvestmentprofitandlosswhenthecontrolrightislost.IftheGroupdisposesoftheequityinvestmentinasubsidiaryGroupstepbystepthroughmultipletransactionsuntilthelossofcontrolright,ifthetransactionsofthedisposaloftheequityinvestmentinasubsidiaryGroupuntilthelossofcontrolrightbelongtoapackagetransaction,thetransactionsshallbetreatedastransactionsofthedisposalofthesubsidiaryGroupandthelossofcontrolrightforaccounting.However,thedifferencebetweenthedisposalpriceandtheshareofthesubsidiary'snetassetscorrespondingtothedisposalinvestmentbeforethelossofcontrolrightisrecognizedasothercomprehensiveincomeintheconsolidatedfinancialstatements,andistransferredtotheinvestmentprofitandlossofthecurrentperiodwhenthecontrolrightislost.
7.ClassificationofJointArrangementsandAccountingTreatmentofJointOperationsTheGroupclassifiesjointarrangementsintojointoperationsandjointventures.Forajointoperation,theGroup,asajointoperator,recognizestheassetsandliabilitiesthatitholdsandbearsinthejointoperation,andrecognizesthejointly-heldassetsandjointly-borneliabilitiesaccordingtotheGroup’sstakeinthejointoperation;recognizesrelevantincomeandexpenseaccordingtotheGroup’sstakeinthejointoperation.WhentheGrouppurchasesorsellstheassetsnotconstitutingbusinesswiththejointoperation,theGrouponlyrecognizedtheshareoftheotherjointoperatorsinthegainsandlossesarisingfromthetransaction.
8.CashandCashEquivalentsIntheGroup’sunderstanding,thecashinthecashflowstatementincludescashonhandanddepositsthatcanbeusedforcover,thecashequivalentsinthecashflowstatementincludehighcirculatinginvestmentsheldwithinthreemonthswhichareeasilyconvertibleintoknownamountofcashandwhoserisksinchangeofvalueareminimal.
9.ForeignCurrencyBusinessesandTranslationofForeignCurrencyFinancialStatements
(1)ForeigncurrencytransactionAsforforeigncurrencytransaction,theGroupconvertedtheforeigncurrencyamountintoRMBamountattheexchangerateatthebeginningofthemonthoftransactionoccurrencedate(normallyreferredtoasthecentralparityrateofforeignexchangerateonthesamedaypublishedbythePeople’sBankofChina,thesamebelow).Onthebalancesheetdate,themonetaryitemsinforeigncurrencywereconvertedintoRMBatthespotexchangerateonbalancesheetdate.Excepttheexchangedifferencearisingfromspecialforeign-currencyborrowingforthepurposeofconstructionorproductionofassetsmeetingcapitalizationconditionstreatedintheprincipleofcapitalization,theconversiondifferencewasdirectlyincludedinthecurrentprofitsandlosses.
(2)TranslationofforeigncurrencyfinancialstatementTheassetandliabilityitemsinforeigncurrencybalancesheetwereconvertedatthespot
exchangerateonbalancesheetdate;exceptfor“undistributedprofit”,owner’sequityitemswereconvertedatthesportexchangerateatthetimeofbusinessoccurrence;incomeandexpenditureitemsinincomestatementwereconvertedattheaverageexchangeratefortheperiod(monthlyaverageexchangerate)ofthetransactionoccurrencedate.Theconversiondifferenceofforeigncurrencystatementsarisingfromtheaforementionedconversionwaspresentedinothercomprehensiveincomeitem.Theforeigncurrencycashflowwasconvertedattheaverageexchangeratefortheperiod(monthlyaverageexchangerate)ofthecashflowoccurrencedate.Theamountofexchangeratechangeinfluenceoncashwasindependentlypresentedincashflowstatement.
10.FinancialAssetsandFinancialLiabilitiesTheGrouprecognizesafinancialassetorliabilitywhenitbecomesapartyoftherelevantfinancialinstrumentcontract.
(1)Financialassets
1)Classification,recognitionandmeasurementoffinancialassetsTheGroupclassifiesthefinancialassetsintofinancialassetsmeasuredatamortizedcost,financialassetsmeasuredbythefairvalueandthechangesrecordedinothercomprehensiveincomeandfinancialassetsatfairvaluethroughprofitorlossbasedonthebusinessmodelforfinancialassetsmanagementandcharacteristicsofcontractualcashflowoffinancialassetsTheGroupclassifiedthefinancialassetsmeetingthefollowingconditionsatthesametimeasfinancialassetsatamortizedcost:
①ThebusinessmodeoftheGrouptomanagethefinancialassetstargetsatcollectingthecontractualcashflow.②Thecontractofthefinancialassetsstipulatesthatthecashflowgeneratedinthespecificdateisthepaymentoftheinterestbasedontheprincipalandoutstandingprincipalamount.Thesefinancialassetsinitiallymeasuredatfairvalueandrelevanttransactioncostshallbeincludedintotheinitialrecognizedamountandsubsequentlymeasuredatamortizedcost.Exceptforthosedesignatedtobehedgeitems,thedifferencebetweentheinitialrecognizedamountandtheamountdueshallbeamortizedatactualinterestrateandtheiramortization,impairmentandexchangegainandlossaswellasgainsorlossesarisingfromderecognitionshallberecordedintothecurrentprofitorloss.TheGroupclassifiedthefinancialassetsmeetingthefollowingconditionsatthesametimeasfinancialassetsatfairvaluethroughothercomprehensiveincome:①TheBusinessmodeformanagingfinancialassetsoftheGrouptakescontractcashflowcollectedastargetandsellingastarget.②Thecontractofthefinancialassetsstipulatesthatthecashflowgeneratedinthespecificdateisthepaymentoftheinterestbasedontheprincipalandoutstandingprincipalamount.Thesefinancialassetsinitiallymeasuredatfairvalueandrelevanttransactioncostshallbeincludedintotheinitialrecognizedamount.Exceptforthosedesignatedashedgeditems,asforthesefinancialassets,exceptforgainsorlossesoncreditimpairment,exchangegainandlossandinterestoffinancialassetsmeasuredatactualinterestrate,othergainsorlossesgeneratedshallberecordedintoothercomprehensiveincome.Whenderecognized,theaccumulatedgainsandlossesoriginallyrecordedintoothercomprehensiveincomeshallbetransferredoutintothecurrentprofitorloss.TheGrouprecognizesinterestincomeaccordingtotheeffectiveinterestratemethod.Interestincomeiscalculatedanddeterminedaccordingtothebookbalanceofthefinancialassetmultipliedbytheactualinterestrate,exceptforthefollowingcircumstances:①Forthefinancialassetwithcreditimpairmentthathasbeenpurchasedororiginated,fromtheinitialrecognition,theinterestincomeiscalculatedanddeterminedaccordingtotheamortizedcostofthefinancialassetandtheactualinterestrateadjustedbycredit.②Forfinancialassetspurchasedororiginatedthathavenotsufferedcreditimpairmentbuthavesufferedcreditimpairmentinsubsequentperiods,theinterestincomeshallbecalculatedanddeterminedaccordingtotheamortizedcostandactualinterestrateofthefinancialassetsinsubsequentperiods.TheGroupdesignatesnon-transactionalinvestmentinequityinstrumentsasfinancialassetsatfairvaluethroughothercomprehensiveincome.Thosedesignatednon-transactionalinvestmentin
equityinstrumentsbytheGroupisinitiallymeasuredatfairvalueandrelevanttransactioncostshallberecordedintotheinitialrecognizedamount.Exceptfordividends(excludingthosebelongingtorecoveryofinvestmentcost)whichshallberecordedintothecurrentprofitorloss,otherrelevantgainsandlosses(includingexchangegainsandlosses)shallberecordedintoothercomprehensiveincomeandcannotbetransferredintothecurrentprofitorlosssubsequently.Whenderecognized,theaccumulatedgainsorlossesoriginallyrecordedintoothercomprehensiveincomeshallbetransferredoutintoretainedearnings.Equityinstrumentinvestmentsmeasuredatfairvaluethroughothercomprehensiveincomeincluded:EquityinvestmentstobeheldinthelongtermasplannedbytheGroupforstrategicpurpose,withnocontrol,jointcontrolorsignificanceinfluence,andwithnoactivemarketquotation.TheGroupclassifiesfinancialassetsnotbelongingtoabovetwoasfinancialassetsatfairvaluethroughprofitorlosswhichshallbeinitiallymeasuredatfairvalueandrelevanttransactioncostshallbedirectlyrecordedintothecurrentprofitorloss.Gainsorlossesarisingfromthesefinancialassetsshallberecordedintothecurrentprofitorloss.ThecontingentconsiderationrecognizedbytheGroupinthebusinesscombinationnotunderthesamecontrolwhichconstitutesafinancialassetshallbeclassifiedasthefinancialassetatfairvaluethroughprofitorloss.
2)RecognitionandmeasurementoffinancialassetstransferTheGroupderecognizesafinancialassetwhenoneofthefollowingconditionsismet:
1)therightstoreceivecashflowsfromtheassethaveexpired;2)theenterprisehastransferreditsrightstoreceivecashflowsfromtheassettoathirdpartyunderapass-througharrangement;or3)theenterprisehastransferreditsrightstoreceivecashflowsfromtheassetandeither(a)hastransferredsubstantiallyalltherisksandrewardsoftheasset,or(b)hasneithertransferrednorretainedsubstantiallyalltherisksandrewardsoftheasset,buthastransferredcontroloftheasset.Iftheoveralltransferoffinancialassetsfulfillstherequirementsforderecognition,thedifferencebetweenthebookvalueofthetransferredfinancialassetsandthesumoftheconsiderationreceivedduetothetransferandthecorrespondingderecognitionpartoftheaccumulatedamountoffairvaluechangesoriginallydirectlyincludedinothercomprehensiveincome(thecontracttermsinvolvingthetransferredfinancialassetsstipulatethatthecashflowgeneratedonaspecificdateisonlythepaymentoftheprincipalandinterestbasedontheunpaidprincipalamount)shallbeincludedinthecurrentprofitsandlosses.Ifthepartialtransferoffinancialassetssatisfiestheconditionsforterminationconfirmation,theentirebookvalueofthetransferredfinancialassetswillbeapportionedbetweentheterminationconfirmationportionandthenon-terminationconfirmationportionaccordingtotheirrelativefairvalues,andtheconsiderationreceivedforthetransferAndtheamountcorrespondingtotheterminationoftherecognitionofthecumulativeamountofchangesinfairvalueoriginallyincludedinothercomprehensiveincomethatshouldbeapportionedtothederecognitionpartAndthepaymentofinterestbasedontheoutstandingprincipalamount),andthedifferencebetweenthetotalbookvalueoftheaforesaidfinancialassetsallocatedisincludedinthecurrentprofitandloss.
(2)Financialliabilities
1)Classification,recognitionandmeasurementoffinancialliabilitiesTheGroup’sfinancialliabilitiesare,oninitialrecognition,classifiedintofinancialliabilitiesatfairvaluethroughprofitorlossandotherfinancialliabilities.Financialliabilitiesatfairvaluethroughprofitorlossincludeheld-for-tradingfinancialliabilitiesandfinancialliabilitiesdesignatedattheinitialrecognitiontobemeasuredbythefairvalueandtheirchangesarerecordedinthecurrentprofitorloss.Thesubsequentmeasurementshallbeatfairvalueandgainsorlossesarisingfromchangesinfairvalueandthedividendsandinterestexpenserelatedtothefinancialliabilityshallbethecurrentprofitorloss.Otherfinancialliabilitiesshallbesubsequentlymeasuredatamortizedcostwithactualinterestrate.TheGroupclassifiesfinancialliabilitiesexceptforthefollowingitemsasfinancialliabilitiesatamortizedcost:①Financialliabilitiesatfairvaluethroughprofitorlossincludingheld-for-tradingfinancialliabilities(includingthederivativeinstrumentsbelongingtofinancial
liabilities)anddesignatedfinancialliabilitiesatfairvaluethroughprofitorloss.②Financialliabilitiesarisingfromthetransferoffinancialassetsnotmeetingthederecognitionconditionsorcontinuousinvolvementinthetransferredfinancialassets.③Financialguaranteecontractnotbelongingtocasesofabove①or②andloancommitmentsatinterestratelowerthanthemarketratenotbelongingtothecasein①.TheGrouptreatsthefinancialliabilityarisingfromcontingentconsiderationrecognizedasthepurchasepartyinthebusinesscombinationnotunderthesamecontrolatfairvalueandchangesthereofshallberecordedintothecurrentprofitorloss.
2)DerecognitionoffinancialliabilitiesIncaseofcurrentobligationoffinancialliabilities(orpartialfinancialliabilities)beingterminated,derecognitionofsuchfinancialliabilities(orpartialfinancialliabilities)isconductedbytheGroup.IftheGroup(borrower)concludesanagreementwiththelendertoreplaceexistingfinancialliabilitieswithnewonesandcontacttermsofnewfinancialliabilitiesaredifferentfromthoseofexistingfinancialliabilities,derecognitionofexistingfinancialliabilitiesandrecognitionofnewfinancialliabilitiesshallbeconducted.Incaseofmaterialalterationofcontracttermsofexistingfinancialliabilities(partialfinancialliabilities)bytheGroup,derecognitionofexistingfinancialliabilitiesandrecognitionofnewfinancialliabilitiesaspermodifiedtermsshallbeconducted.Incaseofderecognitionoffinancialliabilities(partialfinancialliabilities),theGroupincludesthebalancebetweenitscarryingvalueandpaymentconsiderationintothecurrentprofitorloss.
(3)Determinationoffinancialassetsandliabilities’fairvalueTheGroupmeasuredthefairvalueoffinancialassetsandfinancialliabilitiesaccordingtothepriceatmajormarket.Ifmajormarketdoesnotexist,thefairvalueoffinancialassetsandfinancialliabilitieswasmeasuredaccordingtothepriceatthemostadvantageousmarketthroughapplyingvaluationtechniqueapplicableatthetimeandwithsufficientusabledataandotherinformationsupport.Theinputsforfairvaluemeasurementwereclassifiedintothreelevels.Level1istheunadjustedquotationofthesameassetsorliabilitiesonactivemarketavailableonthemeasurementdate.Level2istheinputofrelevantassetsorliabilitiesotherthanthatinlevel1thatareobservableeitherdirectlyorindirectly.Level3istheunobservableinputofrelevantassetsorliabilities.TheGrouppreferredlevel1input,andappliedlevel3inputatlast.Level1inputwasapplicableforlistedstockandbondheldbytheGroup,level2inputforfinancingofaccountsreceivable(mainlybankacceptancebillandtradeacceptancebillmeetingderecognitionrequirementsaftertransfer),andlevel3inputforothernon-currentfinancialassets(unlistedequityinvestmentheldbytheGroup)andheld-for-tradingfinancialassets(mainlyfinancialproductsheldbytheGroup).Thelevelattributedtothefairvaluemeasurementresultwasdeterminedaccordingtothelowestleveloftheinputwithmuchsignificancetofairvaluemeasurementingeneral.TheGroupmeasuredtheinvestmentofequityinstrumentsatfairvalue.However,underlimitedsituation,iftherecentinformationfordeterminingthefairvaluewasinsufficient,orthepotentialestimatedamountoffairvaluewasinwiderange,andthecostrepresentedtheoptimalestimationoffairvalueinsuchrange,suchcostcouldrepresentappropriateestimationoffairvalueinsuchrange.Suchequityinstrumentinvestmentsincluded:EquityinvestmentsheldbytheGroupmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosseswithnocontrol,jointcontrolorsignificanceinfluence;non-tradingequityinstrumentinvestmentsweredesignatedasfinancialassetsmeasuredatfairvaluethroughothercomprehensiveincome.
(4)OffsettingfinancialassetsandfinancialliabilitiesTheGroup’sfinancialassetsandliabilitiesshallbeseparatelypresentedinthebalancesheetandnotsetoffeachother.Butwhenmeetingthefollowingconditionsatthesametime,thenetamountafteroffsetshallbepresentedinthebalancesheet:(1)TheGrouphasthestatutoryrighttosetoffrecognizedamountwhichiscurrentlyexecutable;(2)TheGroupplanstosettlewiththenetamountorrealizethefinancialassetandpayoffthefinancialliabilitysimultaneously.
(5)Thedistinctionbetweenfinancialliabilitiesandequityinstrumentsandrelatedtreatment
methodsTheGroupdistinguishesthefinancialliabilitiesandequityinstrumentsaccordingtothefollowingprinciples:(1)IftheGroupcannotunconditionallyavoidperformingacontractualobligationbydeliveringcashorotherfinancialassets,thecontractualobligationmeetsthedefinitionoffinancialliabilities.Althoughsomefinancialinstrumentsdonotexplicitlyincludethetermsandconditionsoftheobligationtodelivercashorotherfinancialassets,theymayindirectlyformcontractualobligationsthroughothertermsandconditions.(2)IfafinancialinstrumentmustbesettledwithorcanbesettledwiththeGroup'sownequityinstrument,itisnecessarytoconsiderwhethertheGroup'sownequityinstrumentusedtosettletheinstrumentisusedasasubstituteforcashorotherfinancialassets,ortoenabletheholderoftheinstrumenttoenjoytheresidualequityintheassetsoftheissuerafterdeductingallliabilities.Ifitbelongstotheformercondition,theinstrumentisthefinancialliabilityoftheissuer;ifitbelongstothelattercondition,theinstrumentistheequityinstrumentoftheissuer.Insomecases,afinancialinstrumentcontractrequirestheGrouptouseoruseitsownequityinstrumenttosettlethefinancialinstrument,inwhichtheamountofcontractualrightsorcontractualobligationsisequaltothenumberofitsownequityinstrumentsavailableortobedeliveredmultipliedbyitsfairvalueatthetimeofsettlement,regardlessofwhethertheamountofcontractualrightsorobligationsisfixed,whetheritisentirelyorpartiallybasedonchangesinvariablesotherthanthemarketpriceoftheGroup'sownequityinstruments,thecontractshallbeclassifiedasafinancialliability.Inclassifyingfinancialinstruments(ortheircomponents)intheconsolidatedstatement,theGrouphastakenintoaccountalltermsandconditionsreachedbetweentheGroupmembersandtheholdersoffinancialinstruments.IftheGroupasawholeundertakestheobligationtodelivercash,otherfinancialassetsorsettleaccountsinotherwaysthatcausetheinstrumenttobecomeafinancialliabilityduetotheinstrument,theinstrumentshallbeclassifiedasafinancialliability.Iffinancialinstrumentsortheircomponentsarefinancialliabilities,theGroupwillincludeinterest,dividends(ordividends),gainsorlosses,andgainsorlossesarisingfromredemptionorrefinancing,etc.inthecurrentprofitsandlosses.Iffinancialinstrumentsortheircomponentsareequityinstruments,whentheyareissued(includingrefinancing),repurchased,soldorcancelled,theGroupwilltreatthemaschangesinequityandwillnotrecognizechangesinthefairvalueofequityinstruments.
11.ImpairmentofFinancialAssetsTheGroupneedstoconfirmthatthefinancialassetssubjecttotheimpairmentlossarethefinancialassetsmeasuredbasedontheamortizedcost,thedebtinstrumentinvestmentmeasuredbasedonthefairvaluewithitsvariationsincludedintoothercomprehensiveincomesandtheleaseoutlayreceivable,mainlyincludingnotesreceivable,accountreceivable,otherreceivables,investmentoncreditor’srights,otherinvestmentsoncreditor’srightsandlong-termreceivablesetc.Besides,inrespectofthecontractassetsandpartialfinancialguaranteecontract,correspondingimpairmentprovisionsshallbecalculatedandwithdrawnandcorrespondingcreditimpairmentlossesrecognizedaccordingtovariousaccountingpoliciesmentionedinthispart.
(1)MethodsfortheRecognitionofImpairmentProvisionsForallmentioneditemsabove,theGroupshallcalculateandwithdrawcorrespondingimpairmentprovisionsandrecognizecorrespondingcreditimpairmentlossesaccordingtoapplicableexpectedcreditlossmeasurementmethods(generalmethodsorsimplifiedmethods)withtheexpectedcreditlossasthebasis.Creditlossreferstothedifferencebetweenallreceivablecontractcashflowsandallexpectedcashflowsthatarediscountedtothepresentvaluebasedontheoriginalactualinterestrate--thepresentvalueofallcashshortfall.However,forthepurchasedororiginalfinancialassetssubjecttothecreditimpairment,theGroupshallrealizethediscountingbasedontheactualinterestratesubjecttothecreditadjustment.Generalmethodsappliedtomeasuretheexpectedcreditlosscanbedescribedas:theGroupshallevaluatewhetherthecreditriskofthefinancialassets(includingthecontractassetsandotherapplicableitems;thesamebelow)increasesremarkablyaftertheinitialrecognitiononthebalance
sheetday;ifthecreditriskincreasesremarkablyaftertheinitialrecognition,theGroupshallmeasuretheprovisionforlossbasedonthespecificexpectedcreditlossamountduringtheentireperiodofexistence;ifnot,theGroupshallmeasuretheprovisionforlossbasedonthespecificexpectedcreditlossamountinthefollowing12months.Whileevaluatingtheexpectedcreditloss,theGroupshalltakeallreasonableandwell-foundedinformationintoconsideration,includingtheforward-lookinginformation.Forthefinancialinstrumentoflowercreditriskonthebalancesheetday,theGroupshallassumethatitscreditriskdoesnotincreaseremarkablyaftertheinitialrecognition,andcorrespondingprovisionforlossshallbemeasuredaccordingtotheexpectedcreditlossinthefollowing12months.
(2)StandardsforJudgingWhethertheCreditRiskIncreasesRemarkablyaftertheInitialRecognitionIfanyfinancialassets’probabilityofdefaultwithintheexpectedperiodofexistencedeterminedonthebalancesheetdayisobviouslyhigherthanthatwithintheexpectedperiodofexistencedeterminedduringtheinitialrecognition,itshallindicatetheremarkableincreaseofthefinancialassets’creditrisk.Unlessitisunderspecialcircumstances,theGroupshalladoptvariousvariationsinthedefaultriskinthefollowing12monthsasthereasonablebasisforestimatingcorrespondingvariationsinthedefaultriskwithintheentireperiodofexistenceanddeterminingwhetherthecreditriskincreasesremarkablyaftertheinitialrecognition.
(3)CombinedMethodforEvaluatingtheExpectedCreditRiskbasedonCorrespondingCombinationForthefinancialassetswithremarkablydifferentcreditrisk,theGroupshallseparatelyevaluateitscreditrisk,includingthereceivablesfromrelatedparties,receivablesinvolvedinanydisputewiththeotherpartyoranylawsuitandarbitration,andreceivableswithobviousevidenceshowingthatthedebtorcannotfulfilltheduepaymentobligationetc.Exceptforthefinancialassetswhosecreditriskshallbeseparatelyevaluated,theGroupshalldividethesefinancialassetsintodifferentcombinationsbasedonthespecificriskfeatures,onwhichbasis,correspondingcreditriskscanbeevaluated.
(4)AccountingTreatmentMethodsAppliedtotheImpairmentofFinancialAssetsAttheendoftheperiod,theGroupshallcalculatetheexpectedcreditlossesofvariousfinancialassets.Iftheexpectedcreditlossishigherthanthecarryingamountofitscurrentimpairmentprovision,thedifferenceshallberecognizedastheimpairmentloss;iflower,thedifferenceshallberecognizedasthegainfromtheimpairment.
12.NotesReceivableFornotesreceivable,theGroupshallmeasuretheprovisionforlossbasedonthespecificexpectedcreditlossduringtheentireperiodofexistence.Accordingtothecreditriskcharacteristicsthereof,exceptthosewithseparateevaluationofcreditrisk,notesreceivablecanbedividedintodifferentcombinations:
Item
Item | Basis |
BankAcceptance | TheAcceptershallbethebankwithhighcreditlevelandlowrisks |
TradeAcceptance | Classifiedbycreditriskofacceptors(thesameasaccountsreceivable) |
13.AccountsReceivableForaccountreceivableandcontractassetsexcludingsignificantfinancingcomposition,theGroupshallmeasuretheprovisionforlossaccordingtothespecificexpectedcreditlossamountwithintheentireperiodofexistence.Foraccountreceivable,contractassetsandleasepaymentreceivableincludingsignificantfinancingcomposition,theGroupshallalwaysmeasuretheprovisionforlossaccordingtothespecificexpectedcreditlossamountwithintheperiodofexistence.
Excepttheaccountreceivableandcontractassetswhosecreditrisksshallbeseparatelyevaluated,theGroupshalldividethemintodifferentcombinationsbasedonthespecificcreditrisks:
Item
Item | Basis |
AgingCombination | Thisportfolioisaccountsreceivablewithagingasthecreditriskfeature. |
ProjectFundsCombination | Thisportfolioistheproject-relatedreceivables. |
Relatedpartycombination | Theaccountsreceivablewithinthescopeofconsolidation |
14.AccountsReceivableFinancingTheGroup’saccountsreceivablefinancingisbasedonexpectedcreditlosses,andprovisionismadefordepreciationreservesinaccordancewiththeexpectedcreditlossmeasurementmethodfornotesreceivable.
15.OtherReceivablesTheGroupmeasuresthelossreservesonotherreceivablesinaccordancewiththefollowingcircumstances:a)Forfinancialassetswhosecreditriskhasnotsignificantlyincreasedsincetheinitialrecognition,theGroupmeasuresthelossreservesattheamountofexpectedcreditlossesforthenext12months;b)Forfinancialassetswhosecreditriskhasincreasedsignificantlysincetheinitialrecognition,theGroupmeasuresthelossreservesatanamountequaltotheexpectedcreditlossesfortheentireperiodofthefinancialinstrument;c)Forfinancialassetspurchasedororiginatedfromcreditimpairment,theGroupmeasuresthelossreservesatanamountequaltotheexpectedcreditlossesovertheentireperiodofthefinancialinstrument.Exceptotherreceivableswhosecreditrisksshallbeseparatelyevaluated,theGroupshalldividethemintodifferentcombinationsbasedonthespecificcreditriskfeatures:
Item | Basis |
AgingCombination | Thisportfolioisaccountsreceivablewithagingasthecreditriskfeature. |
LowRiskCombination | Thiscombinationshallregardotherreceivablesofextremelylowrisk(includingtherevolvingfund,thecashdepositandtheguaranteedeposit)asthecreditriskfeature. |
Relatedpartycombination | Otherreceivableswithinthescopeofconsolidation. |
16.Long-termReceivablesBydeterminingwhetherthecreditriskoflong-termaccountreceivablesincreasesremarkablyaftertheinitialrecognition,theGroupshallmeasuretheimpairmentlossbasedonthespecificexpectedcreditlossinthefollowing12monthsorduringtheentireperiodofexistence.Exceptlong-termaccountreceivableswhosecreditrisksshallbeseparatelyevaluated,theGroupshalldividethemintodifferentcombinationsbasedonthespecificcreditriskfeatures:
Item | Basis |
FinancingLeaseCombination | Regardingthelong-termreceivablesrelatedtothefinancingleaseasthecreditriskcharacteristics |
FranchiseCombination | Regardingthelong-termreceivablesrelatedtothePPPProjectasthecreditriskcharacteristics |
17.InventoriesTheGroup'sinventoriesmainlyincluderawmaterials,productsinprocess,semi-finished
products,andentrustedprocessingmaterials.Theperpetualinventorymethodisusedforinventories.Inventoriesarepricedattheactualcostatthetimeofacquisition;theactualcostofinventoriesisdeterminedbytheweightedaveragemethodwheninventoriesareclaimedorissued.Low-valueconsumablesandpackagingareamortizedthroughtheone-offcharge-offmethod.Thenetrealizablevalueofinventoriesofgoodsthatareuseddirectlyforsale,suchasinventorygoods,productsinprocess,andmaterialsforsale,isdeterminedbytheestimatedsellingpriceoftheinventoryminusestimatedsaleexpenses,andrelatedtaxes;thenetrealizablevalueofinventoriesofmaterialsheldforproductionisdeterminedbytheestimatedsellingpriceofthefinishedgoodsproducedminustheestimatedcostsofcompletion,estimatedsaleexpenses,andrelatedtaxes.Theinventorieswithvariousnumbersandlowunitpriceshallbemadeprovisionsfordepreciationreservesofinventoriesaccordingtothecategoryofinventories.Forinventoriesthatareproducedandsoldinthesameregionwithsameorsimilarenduseorpurposes,andhardtobemeasuredseparatelyfromotheritems,itshallbemademergerprovisionsforfallingpriceofinventories.Thenetrealizablevaluerefers,intheordinarycourseofbusiness,totheaccountafterdeductingtheestimatedcostofcompletion,estimatedsaleexpenseandrelevanttaxesfromtheestimatedsalepriceofinventories.Thenetrealizablevalueofinventoriesshallbefixedonthebasisofvalidevidenceaswellasunderconsiderationofpurposeofinventoriesandtheeffectofeventsafterbalance-sheet-date.Afterwithdrawingthedepreciationreservesforinventories,ifthefactors,whichcauseanywrite-downoftheinventories,havedisappeared,causingthenetrealizablevalueofinventoriesishigherthanitscarryingamount;theamountofwrite-downshallbereversedfromtheoriginalamountofdepreciationreserveforinventories.Thereversedamountshallbeincludedintheprofitsandlossesofthecurrentperiod.
18.ContractAssets
(1)ConfirmationmethodsandstandardsofcontractassetsContractassetsrefertotherightoftheGrouptoreceiveconsiderationaftertransferringgoodstocustomers,andthisrightdependsonfactorsotherthanthepassageoftime.IftheGroupsellstwoclearlydistinguishableproductstocustomers,ithastherighttoreceivepaymentbecauseoneoftheproductshasbeendelivered,butthepaymentisalsodependentonthedeliveryoftheotherproduct,theGrouphastherighttoreceivepaymentasacontractassets.
(2)DeterminationmethodandaccountingtreatmentmethodofexpectedcreditlossofcontractassetsThemethodofdeterminingtheexpectedcreditlossofcontractassets,refertothedescriptionof
11.FinancialAssetImpairment,12.NotesReceivable,13.AccountsReceivable.TheGroupcalculatestheexpectedcreditlossofcontractassetsonthebalancesheetdate.Iftheexpectedcreditlossisgreaterthanthebookvalueofthecurrentcontractassetimpairmentprovision,theGroupwillrecognizethedifferenceasanimpairmentlossanddebitthe"assetimpairmentloss".Credited"Contractassetimpairmentprovision".Onthecontrary,theGrouprecognizesthedifferenceasanimpairmentgainandkeepstheoppositeaccountingrecords.IftheGroupactuallyincurscreditlossesanddeterminesthattherelevantcontractassetscannotberecovered,andthewritten-offisapproved,the"contractassetimpairmentreserve"isdebitedandthe"contractedasset"iscreditedbasedontheapprovedwrite-offamount.Ifthewritten-offamountisgreaterthantheprovisionforlossthathasbeenwithdrawn,the"assetimpairmentloss"isdebitedbasedonthedifference.
19.ContractCosts
(1)ThemethodofdeterminingtheamountofassetsrelatedtocontractcostsTheGroup’sassetsrelatedtocontractcostsincludecontractperformancecostsandcontractacquisitioncosts.Thecontractperformancecost,thatis,thecostincurredbytheGroupfortheperformanceofthe
contract,doesnotfallwithinthescopeofotheraccountingstandardsandmeetsthefollowingconditionsatthesametime,asthecontractperformancecostisrecognizedasanasset:thecostandacurrentorexpectedcontractDirectlyrelated,includingdirectlabor,directmaterials,manufacturingexpenses,clearlythecostbornebythecustomer,andothercostsincurredonlyduetothecontract;thiscostincreasestheGroup'sfutureresourcesforfulfillingitsperformanceobligations;Thiscostisexpectedtoberecovered.Thecontractacquisitioncost,thatis,theincrementalcostincurredbytheGrouptoobtainthecontractisexpectedtoberecovered,andisrecognizedasanassetasthecontractacquisitioncost;iftheassetamortizationperioddoesnotexceedoneyear,itisincludedinthecurrentprofitandlosswhenitoccurs.Incrementalcostreferstothecost(suchassalescommission,etc.)thattheGroupwillnotincurwithoutobtainingthecontract.TheGroup'sexpensesincurredinobtainingthecontract,otherthantheexpectedincrementalcostthatcanberecovered(suchastravelexpensesincurredregardlessofwhetherthecontractisobtained,etc.),areincludedinthecurrentprofitandlosswhentheyareincurred,butitisclearlybornebythecustomerexcept.
(2)AmortizationofassetsrelatedtocontractcostsTheGroup’sassetsrelatedtocontractcostsareamortizedonthesamebasisasthecommodityrevenuerecognitionrelatedtotheassetandincludedinthecurrentprofitandloss.
(3)ImpairmentofassetsrelatedtocontractcostsWhentheGroupdeterminestheimpairmentlossofassetsrelatedtocontractcosts,itfirstdeterminestheimpairmentlossofotherassetsrelatedtothecontractthatareconfirmedinaccordancewithotherrelevantbusinessaccountingstandards;then,basedontheirbookvaluehigherthantheGroup’stransferandIfthedifferencebetweentheremainingconsiderationthattheasset-relatedcommodityisexpectedtoobtainandtheestimatedcostincurredforthetransferoftherelevantcommodity,theexcessshallbeprovidedforimpairmentandrecognizedasanassetimpairmentloss.Ifthedepreciationfactorsofthepreviousperiodhavechanged,andtheaforementioneddifferenceishigherthanthebookvalueoftheasset,theoriginalprovisionforassetimpairmentshallbereversedandincludedinthecurrentprofitandloss,butthebookvalueoftheassetafterthereversalshallnotexceedAssumingnoprovisionforimpairmentismade,thebookvalueoftheassetonthedateofreversal.
20.Long-termEquityInvestmentsTheGroup'slong-termequityinvestmentsmainlyconsistofinvestmentsinsubsidiaries,associatedenterprises,andjointventures.TheGroup’sjudgmentonjointcontrolisbasedonthefactthatallparticipantsoracombinationofparticipantscollectivelycontrolthearrangementandthatthepoliciesoftheactivitiesrelatedtothearrangementshallbeunanimouslyagreedbythoseparticipantswhoTheGroupisgenerallyconsideredtohaveasignificantinfluenceontheinvesteewhenitowns,directlyorindirectlythroughasubsidiary,above20%butbelow50%ofthevotingrightsoftheinvestee.IftheGroupholdslessthan20%ofthevotingrightsoftheinvestee,italsoneedstojudgewhethertheGrouphasasignificantinfluenceontheinvesteebytakingintoaccountthefactsandcircumstancessuchashavingrepresentativesontheboardofdirectorsorsimilarauthorityoftheinvestee,orparticipatingintheprocessofformulatingfinancialandoperatingpoliciesoftheinvestee,orhavingmajortransactionswiththeinvestee,orsendingmanagementpersonneltotheinvestee,orprovidingkeytechnicalinformationtotheinvestee.Ifcontrolovertheinvesteeisformed,itisasubsidiaryoftheGroup.Forlong-termequityinvestmentacquiredthroughbusinesscombinationunderthesamecontrol,theinitialinvestmentcostofthelong-termequityinvestmentsisrecordedatthemergerdatebasedontheacquisitionofthemergedparty'sshareofthebookvalueofthenetassetsoftheultimatecontrollerintheconsolidatedfinancialstatement.Ifthebookvalueofthenetassetsofthemergedpartyonthemergerdateisnegative,thecostoflong-termequityinvestmentsisdeterminedaszero.Iftheequityoftheinvesteeunderthesamecontrolisacquiredinstagesthroughmultipletransactionstoeventuallyresultinabusinesscombination,additionaldisclosuresofthetreatment
oflong-termequityinvestmentsintheparentGroup'sfinancialstatementsshallbemadeintheReportingPeriodinwhichcontrolisobtained.Forexample,ifthebusinesscombinationthatisultimatelyformedthroughmultipletransactionstoacquiretheequityoftheinvesteeunderthesamecontrolbelongstoapackagedeal,theGroupshallconductaccountingtreatmenttotreateachtransactionasasingletransactiontoacquirecontrol.Ifthetransactionisnotapackagedeal,theinitialinvestmentcostofthelong-termequityinvestmentisbasedontheshareofthebookvalueofthenetassetsofthemergedpartyintheconsolidatedfinancialstatementsoftheultimatecontrolleratthemergerdate.Thedifferencebetweentheinitialinvestmentcostandthesumofthebookvalueofthelong-termequityinvestmentbeforethemergerplusthebookvalueofthenewconsiderationpaidforfurtheracquisitionofsharesatthemergerdateshalloffsetagainstcapitalreserve;andwherecapitalreserveisinsufficienttobeoffset,theretainedearningsshallbeadjusted.Forlong-termequityinvestmentacquiredthroughbusinesscombinationnotunderthesamecontrol,theinitialinvestmentcostshallbetheconsolidationcost.Iftheequityoftheinvesteenotunderthesamecontrolisacquiredinstagesthroughmultipletransactionstoeventuallyresultinabusinesscombination,additionaldisclosuresofthecosttreatmentoflong-termequityinvestmentsintheparentGroup'sfinancialstatementsshallbemadeintheReportingPeriodinwhichcontrolisobtained.Forexample,ifthebusinesscombinationthatisultimatelyformedthroughmultipletransactionstoacquiretheequityoftheinvesteenotunderthesamecontrolbelongstoapackagedeal,theGroupshallconductaccountingtreatmenttotreateachtransactionasasingletransactiontoacquirecontrol.Ifthetransactionisnotapackagedeal,thesumofthebookvalueoftheequityinvestmentoriginallyheldplusthecostofthenewinvestmentshallbetheinitialinvestmentcostcalculatedinaccordancewiththecostmethod.Iftheequityheldpriortothepurchasedateisaccountedbytheequitymethod,therelevantothercomprehensiveincomeaccountedbytheoriginalequitymethodshallnotbeadjusted.Thesamebasisofaccountingasthatusedforthedirectdisposaloftherelatedassetsorliabilitiesbytheinvesteeisusedforthedisposaloftheinvestment.Iftheequityheldpriortothepurchasedateisafinancialassetdesignatedtobemeasuredatfairvaluewithfluctuationsincludedinothercomprehensiveincome,thecumulativeprofitorlossontheequitypreviouslyrecognizedinothercomprehensiveincomeshallbetransferredfromothercomprehensiveincometotheretainedearnings;iftheequityisafinancialassetmeasuredatfairvalueandthechangesofwhichareincludedinprofitsandlossesofthecurrentperiod,theequitypreviouslyrecognizedasprofitsandlossesfromthechangesinfairvalueshallnotbetransferredtoinvestmentincome.Iftheequityheldpriortothepurchasedateisaninvestmentforotherequityinstruments,thechangesinfairvalueoftheequityinvestmentaccumulatedinothercomprehensiveincomebeforethepurchasedateshallbetransferredtotheretainedearnings.Exceptforthelong-termequityinvestmentsacquiredthroughbusinesscombinationhereinabove,long-termequityinvestmentsacquiredbypayingcasharerecordedasinvestmentcostbasedontheactualpurchasepricepaid;long-termequityinvestmentsacquiredbyissuingequitysecuritiesarerecordedasinvestmentcostbasedonthefairvalueoftheequitysecuritiesissued;long-termequityinvestmentsinvestedbyinvestorsarerecordedasinvestmentcostbasedonthevalueagreedintheinvestmentcontractoragreement.TheGroupcalculatesitsinvestmentsinsubsidiariesthroughthecostmethodanditsinvestmentsinjointventuresandassociateenterprisesthroughtheequitymethod.Forlong-termequityinvestmentscalculatedbythecostmethodforsubsequentmeasurement,thebookvalueofthecostoflong-termequityinvestmentsshallbeincreasedbythefairvalueofthecostamountpaidfortheadditionalinvestmentandrelevanttransactioncostsincurredwhentheadditionalinvestmentismade.Cashdividendsorprofitsdeclaredbytheinvesteearerecognizedasinvestmentincomeforthecurrentperiodinaccordancewiththedueamount.Inadditiontotheabove-mentionedlong-termequityinvestmentobtainedthroughbusinesscombination,thelong-termequityinvestmentobtainedbypayingcashshallberegardedastheinvestmentcostaccordingtothepurchasepriceactuallypaid;thelong-termequityinvestmentobtainedbyissuingequitysecuritiesshallberegardedastheinvestmentcostaccordingtothefair
valueofissuingequitysecurities;thelong-termequityinvestmentinvestedbyinvestorsshallberegardedastheinvestmentcostaccordingtotheinvestmentcontractoragreementThevalueoftheGroupisregardedasthecostofinvestment.TheGroupadoptsthecostmethodforinvestmentinsubsidiariesandtheequitymethodforinvestmentinjointventuresandassociatedenterprises.Forthelong-termequityinvestmentwhosesubsequentmeasurementadoptsthecostmethod,whentheadditionalinvestmentismade,thebookvalueofthelong-termequityinvestmentcostisincreasedaccordingtothefairvalueofthecostamountpaidbytheadditionalinvestmentandtherelevanttransactionexpenses.Thecashdividendsorprofitsdeclaredtobedistributedbytheinvesteeshallberecognizedasthecurrentinvestmentincomeaccordingtotheamountthatshouldbeenjoyed.Forthelong-termequityinvestmentwithequitymethodforsubsequentmeasurement,thebookvalueofthelong-termequityinvestmentwillincreaseordecreasewiththechangeoftheowner'sequityoftheinvestedentity.Whenconfirmingtheshareofthenetprofitandlossoftheinvestee,thenetprofitandlossoftheinvesteeshallbecalculatedbasedonthefairvalueoftheidentifiableassetsoftheinvesteeatthetimeofobtainingtheinvestment,inaccordancewiththeaccountingpoliciesandaccountingperiodoftheGroup,andoffsettheinternaltransactionprofitandlossbetweenthejointventureandthejointventureaccordingtotheshareholdingratioProfitisrecognizedafteradjustment.Fordisposaloflong-termequityinvestment,thedifferencebetweenthebookvalueandtheactualpriceshallbeincludedinthecurrentinvestmentincome.Forlong-termequityinvestmentaccountedbyequitymethod,othercomprehensiveincomeaccountedbytheoriginalequitymethodshallbeaccountedonthesamebasisastheinvestee'sdirectdisposalofrelevantassetsorliabilitieswhentheequitymethodisterminated,andtheowner'sequityshallberecognizedduetootherchangesinowner'sequityoftheinvesteeexceptnetprofitandloss,othercomprehensiveincomeandprofitdistributionWhentheequitymethodisterminated,allofthemshallbetransferredintothecurrentinvestmentincome.Incaseoflossofjointcontrolorsignificantinfluenceontheinvesteeduetothedisposalofpartofequityinvestment,theremainingequityafterdisposalshallbeaccountedaccordingtotherelevantprovisionsoftherecognitionandmeasurementstandardsoffinancialinstruments,andthedifferencebetweenthefairvalueandthebookvalueoftheremainingequityonthedateoflossofjointcontrolorsignificantinfluenceshallbeincludedinthecurrentprofitsandlosses.Whentheequitymethodisterminated,theothercomprehensiveincomeoftheoriginalequityinvestmentrecognizedasaresultofitsaccountingwiththeequitymethodshallbehandledonthesamebasisastheinvestee'sdirectdisposaloftherelevantassetsorliabilitiesandcarriedforwardinproportion.Theowner'sequityrecognizedasaresultofthechangesintheowner'sequityoftheinvesteeotherthannetprofitandloss,othercomprehensiveincomeandprofitdistributionshallbecarriedforwardinproportionTransfertocurrentinvestmentincome.Ifthecontrolovertheinvesteeislostduetothedisposalofpartofthelong-termequityinvestment,andtheresidualequityafterdisposalcanjointlycontrolorexertsignificantinfluenceontheinvestee,itshallbeaccountedaccordingtotheequitymethod,andthedifferencebetweenthebookvalueofthedisposalequityandthedisposalconsiderationshallbeincludedintheinvestmentincome,andtheresidualequityshallberegardedasadjustedbytheequitymethodwhenitisobtainedIftheresidualequitycannotexercisejointcontrolorexertsignificantinfluenceontheinvestee,theaccountingtreatmentshallbecarriedoutaccordingtotherelevantprovisionsoftherecognitionandmeasurementstandardsoffinancialinstruments.Thedifferencebetweenthebookvalueofthedisposalequityandthedisposalconsiderationshallbeincludedintheinvestmentincome,andthedifferencebetweenthefairvalueandthebookvalueoftheresidualequityonthedayoflosingcontrolshallbeincludedinthecurrentprofitsandlosses.Ifthetransactionfromstep-by-stepdisposalofequitytolossofcontrolrightdoesnotbelongtopackagetransaction,accountingtreatmentshallbecarriedoutforeachtransactionseparately.Ifitisa"packagedeal",eachtransactionwillbetreatedasatransactionofdisposalofsubsidiariesandlossofcontrol.However,beforethelossofcontrol,thedifferencebetweenthedisposalprice
ofeachtransactionandthebookvalueofthelong-termequityinvestmentcorrespondingtothedisposedequitywillberecognizedasothercomprehensiveincome,andwhenthecontrolislost,itwillbetransferredtothecurrentaccountoflossofcontrolPeriodprofitandloss
21.InvestmentPropertyTheterm“investmentproperty”referstotherealestateheldforgeneratingrentand/orcapitalappreciation.InvestmentpropertyoftheGroupincludetherighttouseanylandwhichhasalreadybeenrented;therighttouseanylandwhichisheldandpreparedfortransferafterappreciation;andtherighttouseanybuildingwhichhasalreadybeenrented.Inaddition,iftheboardofdirectors(orsimilarorganizations)makesawrittenresolutiontousethevacantbuildingsheldbytheGroupforoperatingleaseandtheholdingintentionwillnotchangeinashorttime,theywillalsobelistedasinvestmentrealestate.Theinitialmeasurementoftheinvestmentpropertyshallbemadeatitscost.SubsequentexpendituresincurredforaninvestmentpropertyisincludedinthecostoftheinvestmentpropertywhenitisprobablethateconomicbenefitsassociatedwiththeinvestmentpropertywillflowtotheGroupandthecostcanbereliablymeasured,otherwisetheexpenditureisrecognizedinprofitorlossintheperiodinwhichtheyareincurred.TheGroupshallmakeafollow-upmeasurementtotheinvestmentpropertybyemployingthecostpatternonthedateofthebalancesheet.Anaccrualdepreciationoramortizationshallbemadefortheinvestmentpropertyinthelightoftheaccountingpoliciesoftheuserightofbuildingsorlands.Fordetailsofimpairmenttestmethodandwithdrawalmethodofimpairmentprovisionofinvestmentproperty,pleaserefertoNoteIV.27.“Long-termassetsimpairment”.TheGroup'sinvestmentrealestateadoptstheaveragelifemethodfordepreciationoramortization.Theexpectedservicelife,netresidualvaluerateandannualdepreciation(amortization)rateofallkindsofinvestmentrealestateshallrefertothedepreciationpolicyofbuildingsinfixedassetsandtheamortizationpolicyoflanduserightinintangibleassets..Whenowner-occupiedrealestateorinventoriesarechangedintoinvestmentpropertyorinvestmentpropertyischangedintoowner-occupiedrealestate,ofwhichbookvaluepriortothechangeshallbetheentryvalueafterthechange.Whenaninvestmentpropertyischangedtoanowner-occupiedrealestate,itwouldbetransferredtofixedassetsorintangibleassetsatthedateofsuchchange.Whenanowner-occupiedrealestateischangedtobeheldtoearnrentalorforcapitalappreciation,thefixedassetorintangibleassetistransferredtoinvestmentpropertyatthedateofsuchchange.Ifthefixedassetorintangibleassetischangedintoinvestmentpropertymeasuredbyadoptingthecostpattern,whosebookvaluepriortothechangeshallbetheentryvalueafterthechange;ifthefixedassetorintangibleassetischangedintoinvestmentpropertymeasuredbyadoptingthefairvaluepattern,whosefairvalueonthedateofsuchchangeshallbetheentryvalueafterthechangeAninvestmentpropertyisderecognizedondisposalorwhentheinvestmentpropertyispermanentlywithdrawnfromuseandnofutureeconomicbenefitsareexpectedfromitsdisposal.Theamountofproceedsonsale,transfer,retirementordamageofaninvestmentpropertylessitscarryingamountandrelatedtaxesandexpensesisrecognizedinprofitorlossintheperiodinwhichitisincurred.
22.FixedAssetsTheGroup’sfixedassetsaretangibleassetsheldfortheproductionofgoods,provisionofservices,rentaloroperationmanagementandhaveausefullifeofmorethanoneyear.FixedassetsshouldberecognizedwhenitisprobablethattheeconomicbenefitsassociatedwiththemwillbeincorporatedintotheGroupandtheircostcanbemeasuredreliably.TheGroup’sfixedassetsincludebuildingsandconstructions,machineryandequipment,electronicequipment,transportationequipment,andotherequipment.TheGroupdepreciatesallfixedassetsbystraight-linemethod,exceptforfullydepreciatedfixedassetsthatcontinuetobeusedandlandthatisseparatelyvalued.Thecategorizeddepreciable
lives,estimatednetsalvageratesanddepreciationratesoftheGroup’sfixedassetsareasfollows.
No.
No. | Category | Method | Depreciationperiod(year) | Expectednetsalvagevalue(%) | Annualdeprecation(%) |
1 | Housingandbuilding | Straight-linedepreciation | 20-40 | 5-10.00 | 2.25-4.75 |
2 | Machineryequipment | Straight-linedepreciation | 5-10 | 5-10.00 | 9.00-19.00 |
3 | Electronicequipment | Straight-linedepreciation | 3-5 | 5-10.00 | 18.00-31.67 |
4 | Transportationvehicle | Straight-linedepreciation | 3-5 | 5-10.00 | 18.00-31.67 |
5 | Otherequipment | Straight-linedepreciation | 5 | 5-10.00 | 18.00-19.00 |
Theestimatedusefullife,estimatednetsalvagevalueanddepreciationmethodoffixedassetsarereviewedattheendofeachyear.Accountingestimationmethodsareusedwhenchangesarerequired.
23.ConstructioninProgressOnthedatewhentheconstructioninprogressreachesitsintendeduseablestate,fixedassetsarecarriedforwardattheestimatedvaluebasedontheprojectbudget,costoractualcostoftheproject,etc.Depreciationstartsfromthefollowingmonth,andthedifferenceintheoriginalvalueoffixedassetsisadjustedafterthecompletionofthefinalaccountingprocedures.
24.BorrowingCostsForincurredborrowingcosts,whichcanbedirectlyattributedtofixedassets,investmentrealestateandinventorythatneedmorethanoneyearofpurchasing,constructionorproductionactivitiestoreachthepresetusableorsellablestatus,shallbecapitalizedwhentheassetexpenditurehasoccurred,theborrowingcostshaveoccurred,andthepurchasing,constructionorproductionactivitiesnecessaryfortheassettoreachthepresetusableorsellablestatushavebegun;Whentheacquisition,constructionorproductionofassetsthatmeetthecapitalizationconditionsreachtheintendedusableorsellablestatus,capitalizationisstopped,andtheborrowingcostsincurredthereafterareincludedintheprofitsandlossesofthecurrentperiod.Ifthereisanabnormalinterruptionintheacquisition,constructionorproductionofassetsthatmeetthecapitalizationconditionsandtheinterruptionlastsformorethan3consecutivemonths,thecapitalizationofborrowingcostswillbesuspendeduntiltheacquisition,constructionorproductionofassetsstartsagain.Theto-be-capitalizedamountofinterestsshallbedeterminedinlightoftheactualinterestsincurredofthespeciallyborrowedloanatthepresentperiodminustheincomeofinterestsearnedontheunusedborrowingloansasadepositinthebankorasatemporaryinvestment;theenterpriseshallcalculateanddeterminetheto-be-capitalizedamountonthegeneralborrowingbymultiplyingtheweightedaverageassetdisbursementofthepartoftheaccumulativeassetdisbursementsminusthegeneralborrowingbythecapitalizationrateofthegeneralborrowingused.Thecapitalizationrateshallbecalculatedanddeterminedinlightoftheweightedaverageinterestrateofthegeneralborrowing.
25.Right-of-UseAssetsTheright-of-useassetsrefertotherightoftheGroupasthelesseetousetheleasedassetsduringtheleaseterm.
(1)InitialmeasurementAfterthecommencementdateoftheleaseterm,theGroupusesthecostforinitialmeasurementof
right-of-useassets.Thecostincludesthefollowingfouritems:a)Theinitialmeasurementamountofleaseliabilities;b)Ifthereisaleaseincentivefortheleasepaymentpaidonorbeforethecommencementdateoftheleaseterm,therelevantamountoftheleaseincentivealreadyenjoyedshallbededucted;c)Theinitialdirectexpensesincurredaretheincrementalcostsincurredinreachingthelease;d)Thecostsexpectedtobeincurredfordismantlingandremovingtheleasedassets,restoringthesitewheretheleasedassetsarelocatedorrestoringtheleasedassetstothestateagreedintheleaseterms,exceptthoseincurredfortheproductionofinventories.
(2)Follow-upmeasurementAfterthecommencementdateoftheleaseterm,theGroupadoptsthecostmodeltocarryoutfollow-upmeasurementoftheright-of-useassets,thatis,theright-of-useassetsaremeasuredatcostlessaccumulateddepreciationandaccumulatedimpairmentlosses.IftheGroupre-measurestheleaseliabilitiesaccordingtotherelevantprovisionsoftheleasestandards,thebookvalueoftheright-of-useassetsshallbeadjustedaccordingly.Depreciationofright-of-useassetsFromthecommencementdateoftheleaseterm,theGrouphasaccrueddepreciationontheright-of-useassets.Right-of-useassetsareusuallydepreciatedfromthemonthwhentheleasetermbegins.Theaccrueddepreciationamountisincludedinthecostofrelatedassetsorcurrentprofitsandlossesaccordingtotheuseoftheright-of-useassets.Whendeterminingthedepreciationmethodoftheright-of-useassets,theGroupmakesadecisionbasedontheexpectedconsumptionmodeoftheeconomicbenefitsrelatedtotheright-of-useassets,andaccruesdepreciationfortheright-of-useassetsonthestraight-linemethod.Whendeterminingthedepreciationperiodoftheright-of-useassets,theGroupfollowsthefollowingprinciples:Iftheownershipoftheleasedassetscanbereasonablydeterminedwhentheleasetermexpires,depreciationshallbeaccruedwithintheremainingservicelifeoftheleasedassets;ifitcannotbereasonablydeterminedthattheownershipoftheleasedassetcanbeobtainedwhentheleasetermexpires,depreciationshallbeaccruedwithintheshorteroftheleasetermandtheremainingservicelifeoftheleasedasset.Impairmentofright-of-useassetsIftheright-of-useassetsareimpaired,theGroupcarriesoutsubsequentdepreciationaccordingtothebookvalueoftheright-of-useassetsafterdeductingtheimpairmentloss.
26.IntangibleAssetsTheGroup’sintangibleassetsincludelanduserights,patentedtechnologyandnon-proprietarytechnology,whicharemeasuredatactualcostatthetimeofacquisition.Acquiredintangibleassetsarestatedatactualcostbasedontheactualpricepaidandrelatedotherexpenses.Theactualcostofintangibleassetsinvestedbyinvestorsisdeterminedatthevalueagreedintheinvestmentcontractoragreement,butiftheagreedvalueinthecontractoragreementisnotfair,theactualcostisdeterminedatfairvalue.Intangibleassets,suchaspatents,acquiredinamergernotundercommoncontrolbutownedbytheacquireebutnotrecognizedinitsfinancialstatements,arerecognizedasintangibleassetsatfairvalueatthetimeofinitialrecognitionoftheacquiree’sassets.Landuserightsareamortizedequallyovertheyearsfromthecommencementdateofthegrant;intangibleassetssuchassoftwareandpatentsareamortizedequallyovertheshortestoftheestimatedusefullife,thecontractualbeneficiarylifeandtheeffectivelifeprescribedbylaw.Theamortizationamountischargedtothecostoftherelatedassetsandcurrentprofitorlossaccordingtotheirbeneficiaries.Theestimatedusefullifeandamortizationmethodofintangible
assetswithfiniteusefullivesarereviewedattheendofeachyear.Accountingestimationmethodsareusedwhenchangesarerequired.ThemainresearchanddevelopmentprojectsoftheGroupincludetheperformanceimprovementprojectofMini&MicroLED.
(1)Specificcriteriafordividingtheresearchphaseanddevelopmentphase“Research”meansanoriginalandplannedinvestigationtoacquireandunderstandnewscientificortechnicalknowledge.“Development”meanstheapplicationofresearchresultsorotherknowledgetooneormoreplansordesignstoproduceneworsubstantiallyimprovedmaterials,devices,products,ortoobtainnewprocesses,etc.,priortocommercialproductionoruse.Expensesfortheresearchphasearechargedtocurrentprofitorlossasincurred.
(2)SpecificcriteriaforcapitalizationofdevelopmentstageexpendituresExpendituresinthedevelopmentstagearecapitalizedwhenthefollowingconditionsaremet.
①Itisfeasibletechnicallytofinishintangibleassetsforuseorsale;
②Itisintendedtofinishanduseorselltheintangibleassets;③Theusefulnessofmethodsforintangibleassetstogenerateeconomicbenefitsshallbeproved,includingbeingabletoprovethatthereisapotentialmarketfortheproductsmanufacturedbyapplyingtheintangibleassetsorthereisapotentialmarketfortheintangibleassetsitselfortheintangibleassetswillbeusedinternally;④Itisabletofinishthedevelopmentoftheintangibleassets,andabletouseorselltheintangibleassets,withthesupportofsufficienttechnologies,financialresourcesandotherresources;
⑤Thedevelopmentexpendituresoftheintangibleassetscanbereliablymeasured.
27.ImpairmentofLong-termAssetsFornon-currentfinancialAssetsoffixedAssets,projectsunderconstruction,intangibleAssetswithlimitedservicelife,investingrealestatewithcostmodel,long-termequityinvestmentofsubsidiaries,cooperativeenterprisesandjointventures,theGroupshouldjudgewhetherdecreaseinvalueexistsonthedateofbalancesheet.Recoverableamountsshouldbetestedfordecreaseinvalueifitexists.OtherintangibleAssetsofreputationanduncertainservicelifeandothernon-accessibleintangibleassetsshouldbetestedfordecreaseinvaluenomatterwhetheritexists.Iftherecoverableamountislessthancarryingvalueinimpairmenttestresults,theprovisionforimpairmentofdifferencesshouldincludeinimpairmentloss.Recoverableamountswouldbethehigherofnetvalueofassetfairvaluedeductingdisposalchargesorpresentvalueofpredictedcashflow.Assetfairvalueshouldbedeterminedaccordingtonegotiatedsalespriceoffairtrade.Ifnosalesagreementexistsbutwithassetactivemarket,fairvalueshouldbedeterminedaccordingtotheBuyer’spriceoftheasset.Ifnosalesagreementorassetactivemarketexists,assetfairvaluecouldbeacquiredonthebasisofbestinformationavailable.Disposalexpensesincludelegalfees,taxes,cartageorotherdirectexpensesofmerchantableAssetsrelatedtoassetdisposal.PresentvalueofpredictedassetcashflowshouldbedeterminedbytheproperdiscountrateaccordingtoAssetsinserviceandpredictedcashflowoffinaldisposal.AssetdepreciationreservesshouldbecalculatedonthebasisofsingleAssets.IfitisdifficulttopredicttherecoverableamountsforsingleAssets,recoverableamountsshouldbedeterminedaccordingtothebelongingassetgroup.Assetgroupistheminimumassetcombinationproducingcashflowindependently.Inimpairmenttest,carryingvalueofthebusinessreputationinfinancialreportshouldbesharedtobeneficialassetgroupandassetgroupcombinationincollaborationofbusinessmerger.Itisshowninthetestthatifrecoverableamountsofsharedbusinessreputationassetgrouporassetgroupcombinationarelowerthanbookvalue,itshoulddeterminetheimpairmentloss.Impairmentlossamountshouldfirstlybedeductedandsharedtothecarryingvalueofbusinessreputationofassetgrouporassetgroupcombination,thendeductcarryingvalueofallassetsaccordingtoproportionsofothercarryingvalueofaboveassetsinassetgrouporassetgroup
combinationexceptbusinessreputation.Aftertheassetimpairmentlossisdetermined,recoverablevalueamountswouldnotbereturnedinfuture.
28.Long-termDeferredExpensesTheLong-termdeferredexpensesoftheGroupincludingrenovationcost,moldcostandsoonshallbeamortizedevenlyduringthebenefitperiod.Iftheselong-termdeferredexpensescannotbenefitthefutureaccountingperiod,theamortizedvalueofthisitemthathasnotbeenamortizedshallbetransferredtothecurrentprofitandloss.
29.ContractLiabilitiesLiabilitiesofcontractsrefertotheGroup'sobligationtotransfergoodstocustomersduetotheconsiderationreceivedorreceivablefromcustomers.Beforethetransfers,ifthecustomerhaspaidtheconsiderationoriftheGrouphasobtainedtherighttounconditionallycollectthecontractconsideration,theliabilitiesofcontractsshallberecognizedbasedontheamountreceivedorreceivableattheearlierpointbetweentheactualpaymentbythecustomerandthepaymentdue.
30.EmployeeCompensationSalariesofstaffoftheGroupincludeshort-termsalary,post-employmentbenefits,terminationcompensation,andotherlong-termbenefits.Short-termsalarymainlyincludeswages,bonuses,allowancesandsubsidies,aswellasemployeebenefits,medicalinsurance,maternityinsurance,employmentinjuryinsurance,housingprovidentfund,laborunionexpenses,andstaffeducationexpenses,andnon-monetarybenefits.Duringtheaccountingperiodwhentheemployeesprovideservices,theactualshort-termcompensationisrecognisedasaliabilitythatshallbeincludedinthecurrentprofitandlossorthecostofrelatedassetsaccordingtothebeneficiary.Thepost-employmentbenefitsmainlyincludethebasicendowmentinsurance,etc.TheyaredividedintodefinedcontributionplansanddefinedbenefitplansinaccordancewiththerisksandobligationsundertakenbytheGroup.Accordingtothedefinedcontributionplan,thedepositpaidtoaseparateentityinexchangefortheservicesprovidedbytheemployeesduringtheaccountingperiodonthebalancesheetdateisrecognizedasliabilities,andshallbeincludedinthecurrentprofitandlossorthecostofrelatedassetsaccordingtothebeneficiary.IftheGrouphasadefinedbenefitplan,thespecificaccountingmethodshouldbeexplained.Whenterminatinglabourrelationsbeforeexpirationofcontract,orlayoffswithcompensations,andtheGroupcannotterminatethelabourrelationsunilaterallyorreducethedemissionwelfare,remunerationandliabilitiesproducedfromthedemissionwelfareshouldbedeterminedandincludedincurrentprofitsandlosseswhendeterminingthecostsofdemissionwelfareandrecombination.However,demissionwelfarenotfullypaidwithin12monthsafterannualReportingPeriodshouldbehandledthesameasotherlong-termemployees’payrolls.Theinsideemployeeretirementplanistreatedbyadoptingthesameprinciplewiththeabovedismissionwelfare.TheGroupwouldrecordedthesalaryandthesocialsecurityinsurancefeespaidandsoonfromtheemployee’sserviceterminationdatetonormalretirementdateintocurrentprofitsandlosses(dismissionwelfare)undertheconditionthattheymeettherecognitionconditionsofestimatedliabilities.
Theotherlong-termwelfarethattheGroupofferstothestaffs,ifmetwiththesettingdrawingplan,shouldbeaccountingdisposedaccordingtothesettingdrawingplan,whiletherestshouldbedisposedaccordingtothesettingrevenueplan.
31.LeaseLiabilities
(1)Initialmeasurement
TheGroupinitiallymeasurestheleaseobligationatthepresentvalueoftheleasepaymentsoutstandingatthecommencementdateoftheleaseterm.
1)LeasepaymentsLeasepaymentsrefertotheamountpaidbytheGrouptothelessorrelatedtotherighttousetheleasedassetsduringtheleaseterm,including:a)Fixedpaymentamountandsubstantialfixedpaymentamount.Ifthereisleaseincentive,deducttheamountrelatedtoleaseincentive;b)Thevariableleasepaymentamountdependingontheindexorratio,whichisdeterminedaccordingtotheindexorratioonthecommencementdateoftheleasetermattheinitialmeasurement;c)WhentheGroupreasonablydeterminestheexercisepriceofthepurchaseoptionwhenitwillexerciseit;d)TheleasetermreflectstheamounttobepaidtoexercisetheterminationoptionwhentheGroupwillexercisetheterminationoption;e)TheamountexpectedtobepaidbasedontheresidualvalueoftheguaranteeprovidedbytheGroup.
2)RateofdiscountWhencalculatingthepresentvalueoftheleasepayments,theGroupusestheinterestrateimplicitinleaseastherateofdiscount,whichistheinterestrateatwhichthesumofthepresentvalueofthelessor'sleasereceiptsandthepresentvalueoftheunsecuredresidualvalueequalsthesumofthefairvalueoftheleasedassetandthelessor'sinitialdirectexpenses.IftheGroupfailstodeterminetheinterestrateimplicitinlease,theincrementalinterestrateonborrowingwillbeusedastherateofdiscount.TheincrementalinterestrateonborrowingshallmeantheinterestratepayablebytheGrouptoborrowfundsundersimilarmortgageconditionsduringsimilarperiodstoacquireassetsclosetothevalueoftheright-of-useassetsundersimilareconomiccircumstances.Theinterestrateisrelatedtothefollowingmatters:a)TheGroup'sownsituation,thatis,theCompany'ssolvencyandcreditstatus;b)Thetermof"loan",thatis,theleaseterm;c)Theamountof"borrowed"funds,thatis,theamountofleaseliabilities;d)"Mortgageconditions",thatis,thenatureandqualityoftheunderlyingassets;e)Economicenvironment,includingthejurisdictionwherethelesseeislocated,thevaluationcurrency,thetimewhenthecontractissigned,etc.TheincrementalborrowingrateisbasedontheGroup'slatestasset-basedlendinginterestrateforsimilarassetsandadjustedtotakeintoaccounttheabovefactors.
(2)Follow-upmeasurementAfterthecommencementdateoftheleaseterm,theGroupcarriesoutfollow-upmeasurementofleaseliabilitiesaccordingtothefollowingprinciples:a)Whenrecognizingtheinterestofleaseliabilities,theGroupwillincreasethecarryingamountofleaseliabilities;b)Whenpayingtheleasepayments,theGroupwillreducethebookamountoftheleaseliability;c)Whentheleasepaymentschangesduetorevaluationorleasechange,theGroupwillremeasurethebookvalueofleaseliability.TheGroupcalculatestheinterestexpensesoftheleaseobligationsduringeachperiodoftheleasetermatafixedperiodicinterestrate,andincludesthem(exceptthosethatshallbecapitalized)inprofitorlossforthecurrentperiod.PeriodicratereferstotherateofdiscountadoptedbytheGroupwheninitiallymeasuringleaseliabilities,ortherevisedrateofdiscountadoptedbytheGroupwhenleaseliabilitiesneedtoberemeasuredaccordingtotherevisedrateofdiscountduetochangesinleasepaymentsorleasechanges.
(3)Re-measurementAfterthecommencementdateoftheleaseterm,theGroupre-measurestheleaseliabilitybasedonthepresentvalueofthechangedleasepaymentandadjuststhebookvalueoftheright-of-useassetsaccordinglywhenthefollowingcircumstancesoccur.Ifthecarryingvalueoftheright-of-useassetshasbeenreducedtozero,buttheleaseobligationsstillneedtobefurtherreduced,theGroupwill
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
includetheremainingamountinprofitorlossforthecurrentperiod.a)Theactualfixedpaymentamountchanges(inthiscase,theoriginalrateofdiscountisusedfordiscount);b)Theestimatedamountpayableoftheresidualvaluechanges(inthiscase,theoriginalrateofdiscountisusedfordiscount);c)Theindexorratiousedtodeterminetheleasepaymentchanges(inthiscase,therevisedrateofdiscountisusedfordiscount);d)Theevaluationresultofthepurchaseoptionchanges(inthiscase,therevisedrateofdiscountisadoptedfordiscount);e)Theevaluationresultoractualexerciseoftheleaserenewaloptionortheleaseterminationoptionchanges(inthiscase,therevisedrateofdiscountisadoptedfordiscount).
32.ProvisionsTheGroupshouldrecognizetherelatedobligationasaprovisionforliabilitywhentheobligationmeetsthefollowingconditions:(1)Thatobligationisapresentobligationoftheenterprise;(2)Itisprobablethatanoutflowofeconomicbenefitsfromtheenterprisewillberequiredtosettletheobligation;(3)Areliableestimatecanbemadeoftheamountoftheobligation.Onthebalancesheetdate,anenterpriseshalltakeintofullconsiderationoftherisks,uncertainty,timevalueofmoney,andotherfactorspertinenttotheContingenciestomeasuretheprovisionsinaccordancewiththebestestimateofthenecessaryexpensesfortheperformanceofthecurrentobligation.Whenallorsomeoftheexpensesnecessaryfortheliquidationofanprovisionsofanenterpriseisexpectedtobecompensatedbyathirdparty,thecompensationshouldbeseparatelyrecognizedasanassetonlywhenitisvirtuallycertainthatthereimbursementwillbeobtained.Besides,theamountrecognizedforthereimbursementshouldnotexceedthecarryingvalueoftheestimatedliabilities.
33.PrinciplesofRevenueRecognitionandMeasurementMethodTherevenueoftheGroupmainlyconsistsoftheincomefrommainbusinessandtheincomefromotherbusinesses.
(1)RevenuerecognitionprincipleTheGrouphasfulfilledtheperformanceobligationsinthecontract,thatis,whenthecustomerobtainscontroloftherelevantgoodsorservices,revenueisrecognized.Obtainingcontroloverrelatedgoodsorservicesmeansbeingabletoleadtheuseofthegoodsortheprovisionofsuchservicesandobtainalmostalloftheeconomicbenefitsfromit.Onthestartingdateofthecontract,theGroupevaluatesthecontract,identifieseachindividualperformanceobligationcontainedinthecontract,anddetermineswhethereachindividualperformanceobligationisperformedwithinacertainperiodoftimeoratacertainpointintime.Whenoneofthefollowingconditionsismet,itisaperformanceobligationwithinacertainperiodoftime,otherwise,itisaperformanceobligationatacertainpointintime:
①ThecustomerobtainsandconsumestheeconomicbenefitsbroughtbytheGroup'sperformanceatthesametimetheGroupperformsthecontract.②ThecustomercancontroltheproductsunderconstructionduringtheperformanceoftheGroup.
③ThegoodsproducedduringtheperformanceoftheGrouphaveirreplaceableuses,andtheGrouphastherighttocollectpaymentsforthecumulativeperformanceofthecontractduringtheentirecontractperiod.Forperformanceobligationsperformedwithinacertainperiodoftime,theGrouprecognizesrevenueaccordingtotheperformanceprogressduringthatperiod.Whentheperformanceprogresscannotbereasonablydetermined,ifthecostincurredbytheGroupisexpectedtobecompensated,therevenueshallberecognizedaccordingtotheamountofthecostincurreduntiltheperformanceprogresscanbereasonablydetermined.Forperformanceobligationsperformedatacertainpointintime,theGrouprecognizesrevenueatthepointwhenthecustomerobtainscontroloftherelevantgoodsorservices.Whenjudgingwhetheracustomerhasobtainedcontrolofgoodsorservices,theGroupconsidersthefollowingsigns:
①TheGroupenjoysthecurrentrighttoreceivepaymentforthegoodsorservices.②TheGrouphastransferredthelegalownershipoftheproducttothecustomer.
③TheGrouphastransferredthegoodsinkindtothecustomer.
④TheGrouphastransferredthemainrisksandrewardsoftheownershipoftheproducttothecustomer.⑤Thecustomerhasacceptedthegoodsorservices.TheGrouphastransferredgoodsorservicestocustomersandtherighttoreceiveconsiderationislistedascontractassets,andcontractassetsaredevaluedonthebasisofexpectedcreditlosses.TheGroup'sunconditionalrighttocollectconsiderationfromcustomersislistedasreceivables.TheGroup’sobligationtotransfergoodsorservicestocustomersduetotheconsiderationreceivedfromcustomersislistedascontractliabilities.
(2)Principlesofincomemeasurement
①Ifthecontractcontainstwoormoreperformanceobligations,atthebeginningofthecontract,theGroupwillallocatethetransactionpricetoeachindividualperformanceobligationbasedontherelativeproportionofthestand-alonesellingpriceofthegoodsorservicespromisedbyeachindividualperformanceobligation.Revenueismeasuredatthetransactionpriceofeachindividualperformanceobligation.
②ThetransactionpriceistheamountofconsiderationthattheGroupexpectstobeentitledtoreceiveduetothetransferofgoodsorservicestocustomers,excludingpaymentscollectedonbehalfofthirdpartiesandpaymentsexpectedtobereturnedtocustomers.ThetransactionpriceconfirmedbytheGroupdoesnotexceedtheamountatwhichtheaccumulatedconfirmedincomewillmostlikelynotundergoasignificantreversalwhentherelevantuncertaintyiseliminated.Itisexpectedthatthemoneyreturnedtothecustomerwillnotbeincludedinthetransactionpriceasaliability.③Ifthereisvariableconsiderationinthecontract,suchascashdiscountsandpriceguaranteesinpartofthecontractbetweentheGroupanditscustomers,theGroupdeterminesthebestestimateofthevariableconsiderationaccordingtotheexpectedvalueorthemostlikelyamount,butincludesthevariableThetransactionpriceoftheconsiderationshallnotexceedtheamountatwhichtheaccumulatedconfirmedincomeisunlikelytobereversedsignificantlywhentherelevantuncertaintyiseliminated.
④Fortheconsiderationpayabletocustomers,theGroupoffsetsthetransactionpricefromtheconsiderationpayabletocustomers,andoffsetsthecurrentincomeatthetimewhentherelevantincomeisrecognizedandthepayment(orpromisedtopay)thecustomerconsiderationislater,unlesstheconsiderationpayableisforObtainotherclearlydistinguishableproductsfromcustomers.
⑤Forsaleswithasalesreturnclause,whenthecustomerobtainscontroloftherelevantproduct,theGrouprecognizesrevenuebasedontheamountofconsiderationexpectedtobereceivedduetothetransferoftheproducttothecustomer,andtheexpectedreturnduetothesalesreturnisrecognizedasanestimatedliability;Atthesametime,accordingtotheexpectedbookvalueofthereturnedgoodsatthetimeoftransfer,thebalanceafterdeductingtheestimatedcostofrecoveringthegoods(includingthevalueimpairmentofthereturnedgoods)isrecognizedasanasset,thatis,thereturncostreceivable,accordingtothetransferredgoodsThebookvalueatthetimeofthetransfer,deductingthenetcarry-overcostoftheaforementionedassetcost.Oneachbalancesheetdate,theGroupre-estimatesthefuturesalesreturnsandre-measurestheaforementionedassetsandliabilities.⑥Ifthereisasignificantfinancingcomponentinthecontract,theGroupshalldeterminethetransactionpricebasedontheamountpayableincashwhenthecustomerassumescontrolofthegoodsorservices.Usingthediscountratethatdiscountsthenominalamountofthecontractconsiderationintothecurrentcommodityprice,thedifferencebetweenthedeterminedtransactionpriceandtheamountoftheconsiderationpromisedinthecontractisamortizedbytheactualinterestmethodduringthecontractperiod.Onthestartingdateofthecontract,theGroupexpectsthatthetimebetweenthecustomer'sacquisitionofcontrolofthegoodsorservicesandthe
customer'spaymentofthepricewillnotexceedoneyear,regardlessofthesignificantfinancingcomponentsinthecontract.
⑦Accordingtocontractualagreements,legalprovisions,etc.,theGroupprovidesqualityassurancefortheproductssoldandtheassetsbuilt.Forguarantee-typequalityassurancetoassurecustomersthatthegoodssoldmeettheestablishedstandards,theGroupconductsaccountingtreatmentinaccordancewith"contingentevents-estimatedliabilities".Fortheservicequalityassurancethatprovidesaseparateserviceinordertoassurecustomersthatthegoodssoldmeettheestablishedstandards,theGroupregardsitasasingleperformanceobligation,basedonthestand-alonesellingpriceofthequalityassuranceofgoodsandservices.Inarelativeproportion,partofthetransactionpriceisallocatedtoservicequalityassurance,andrevenueisrecognizedwhenthecustomerobtainscontroloftheservice.Whenassessingwhetherthequalityassuranceprovidesaseparateserviceinadditiontoensuringthattheproductssoldmeettheestablishedstandards,theGroupconsiderswhetherthequalityassuranceisalegalrequirement,thequalityassuranceperiod,andthenatureoftheGroup'scommitmenttoperformthetasks.
⑧WhentheconstructioncontractbetweentheGroupandthecustomerischanged:①Ifthecontractchangeaddsclearlydistinguishableconstructionservicesandcontractprices,andthenewcontractpricereflectsthestand-alonesellingpriceofthenewconstructionservices,theGroupwillThecontractchangeshallbetreatedasaseparatecontractforaccountingtreatment;
②Ifthecontractchangedoesnotfallintotheabove-mentionedcircumstance①,andthereisacleardistinctionbetweentheconstructionservicesthathavebeentransferredandtheconstructionservicesthathavenotbeentransferredonthedateofthecontractchange,theGroupTreatitastheterminationoftheoriginalcontract,andatthesametime,mergetheunfulfilledpartoftheoriginalcontractandthechangedpartofthecontractintoanewcontractforaccountingtreatment;③Ifthecontractchangedoesnotfallintotheabovesituation①,andtheconstructionservicehasbeentransferredonthedateofcontractchangeThereisnocleardistinctionbetweentheconstructionserviceandtheuntransferredconstructionservice.TheGroupaccountsforthechangedpartofthecontractasacomponentoftheoriginalcontract.Theresultingimpactontherecognizedrevenuewillbeadjustedonthedateofcontractchange.
(3)Specificmethodsofrevenuerecognition
①RevenuerecognizedontimeTheGroup'ssalesofhouseholdappliances,electroniccomponents,etc.,belongtotheperformanceobligationperformedatacertainpointintime.Recognitionconditionsforincomefromdomesticsalesofgoodsandoverseasdirectsalesofgoods:TheGrouphasdeliveredtheproducttothecustomerinaccordancewiththecontractandthecustomerhasreceivedtheproduct,thepaymenthasbeenrecoveredorthereceiptofpaymenthasbeenobtained,andtherelevanteconomicbenefitsarelikelytoflowin.Themainrisksandrewardshavebeentransferred,andthelegalownershipofthegoodshasbeentransferred.Conditionsforconfirmingtheincomeofexportedgoods:TheGrouphasdeclaredtheproductsforexportaccordingtothecontract,obtainedthebilloflading,anddeliveredthegoodstothecarrierentrustedbythepurchaser.Thepaymenthasbeenrecoveredorthereceiptofpaymenthasbeenobtainedandrelevanteconomicbenefitsarelikelytoflowin.Themainrisksandrewardsofcommodityownershiphavebeentransferred,andthelegalownershipofcommoditieshasbeentransferred.②IncomeconfirmedaccordingtotheperformanceprogressTheGroup'sbusinesscontractswithcustomersforprojectconstruction,onlineadvertising,operatingleases,etc.areperformanceobligationsperformedwithinacertainperiodoftime,andrevenueisrecognizedaccordingtotheprogressoftheperformance.
34.GovernmentGrantsThegovernmentgrantsoftheGrouparedividedintoasset-basedgrantsrelatedtoandincome-basedgrants.Asset-basedgrantsrefertothegovernmentgrantsforlong-termassetsobtainedbythepurchase,construction,andotherways.Income-basedgrantsrefertoothergrants.
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
Ifthebeneficiariesarenotspecifiedingovernmentdocuments,theGroupwillmakethedistinctionaccordingtotheaforesaidprinciple.Beneficiarieswhicharedifficulttocategorizeshallbeclassifiedasanincome-basedgovernmentgrantasawhole.Currentelementsofgovernmentgrantsshallbemeasuredbasedontheamountactuallyreceived.Thoseshallbemeasuredaccordingtotheamountreceivablearegrantspaidaccordingtoafixedquotastandard,orfundsthatmeettherelevantconditionsstipulatedbythefinancialsupportpolicywithconclusiveevidenceattheendoftheyearandwhichareexpectedasthefinancialsupport.Non-monetaryelementsofthegovernmentgrantsshallbemeasuredatfairvalue.Thosewhosefairvaluecannotbeobtainedreliablyshallbemeasuredatitsnominalamount(RMB1).Asset-basedgrantsshallbeusedtooffsetthecarryingvalueofrelatedassetsorpresentedasdeferredincome,andshall,overthelifeoftherelatedasset,beincludedinthecurrentprofitsandlossesbytheequalamortizationmethod.Iftherelatedassetissold,transferred,scrapped,ordamagedbeforetheendofitsusefullife,itsdeferredincomethathasnotbeendistributedshallbetransferredtothecurrentprofitandlossofassetdisposal.Income-basedgrantsthatareusedtocompensaterelatedcostsorlossesinsubsequentperiodsshallbedeemedasdeferredincomeandshallbeincludedinthecurrentprofitsandlossesduringtheperiodwhentherelatedcostsorlossesarerecognized.Governmentgrantsrelatedtoroutineactivitiesshallbeincludedinotherincomeinaccordancewiththenatureofthetransaction.Governmentgrantsnotrelatedtoroutineactivitiesshallbeincludedinnon-operatingincomeandexpenditure.TheGroupobtainsinterestgrantsonpolicy-relatedconcessionalloansintwodifferentways:theinterestsubsidyfundsareallocatedbythegovernmenteithertothelendingbankordirectlytotheGroup.Therespectiveaccountingtreatmentiscarriedoutasfollows:
(1)Wherethegovernmentallocatesthefundstothelendingbank,andthebankprovidesaloantotheGroupatapolicy-relatedpreferentialinterestrate,theactualamountoftheloanreceivedistakenastheentryvalue,andtheborrowingcostsarecalculatedbasedontheloanprincipalandthepolicy-relatedpreferentialinterestrate.
(2)WherethegovernmentallocatesthefundsdirectlytotheGroup,thegrantsareoffsetagainstborrowingcosts.WherethegovernmentgrantsthattheGrouphasrecognizedinaccountingneedtobereturned,theaccountingtreatmentinthecurrentperiodiscarriedoutasfollows:
1)Ifthebookvalueofanassetisoffsetoninitialrecognition,thebookvaluewillbeadjusted;
2)Ifthereisdeferredincome,thebookbalanceofthedeferredincomewillbeoffset,andtheexcesswillbeincludedinprofitorlossinthecurrentperiod;
3)Underanyothercircumstances,thegrantswillbeincludedinprofitorlossinthecurrentperiod.
35.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilitiesTheGroup'sdeferredtaxassetsanddeferredtaxliabilitiesarecalculatedandrecognizedbasedonthedifference(temporarydifference)betweenthetaxbaseandbookvalueoftheassetsandliabilities.Inthecaseofdeductiblelossesthatcanbedeductedfromtaxableincomeinsubsequentyearsinaccordancewiththeprovisionsofthetaxlaws,thecorrespondingdeferredincometaxassetsarerecognized.Inthecaseoftemporarydifferencesarisingfromtheinitialrecognitionofgoodwill,thecorrespondingdeferredincometaxliabilitiesarenotrecognized.Withrespecttotemporarydifferencesarisingfromtheinitialrecognitionofanassetorliabilityinatransactionwhichisn’tabusinesscombinationandwhichaffectsneitheraccountingprofitnortaxableincome(ordeductiblelosses),thecorrespondingdeferredincometaxassetsanddeferredincometaxliabilitiesarenotrecognized.Onthebalancesheetdate,thedeferredincometaxassetsanddeferredincometaxliabilitiesaremeasuredatthetaxrateapplicabletotheperiodduringwhichtheassetsareexpectedtoberecoveredortheliabilitiesareexpectedtobesettled.
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
TheGrouprecognizesdeferredincometaxassetstotheextentofthetaxableincomewhichitismostlikelytoobtainandwhichcanbedeductedfromdeductibletemporarydifferences,deductiblelossesandtaxcredits.
36.Leasing
(1)IdentificationofleasesTheterm"lease"referstoacontractwherebythelessortransferstherightofuseregardingtheleasedasset(s)tothelesseewithinaspecifiedtimeinexchangeforconsideration.Onthecommencementdateofthecontract,theGroupassesseswhetherthecontractisaleaseorcontainsalease.Ifapartytothecontracttransferstherightallowingthecontrolovertheuseofoneormoreassetsthathavebeenidentifiedwithinacertainperiod,inexchangeforaconsideration,suchcontractisaleaseorincludesalease.Inordertodeterminewhetherapartytothecontracttransferstherightallowingthecontrolovertheuseoftheidentifiedassetsforacertainperiodoftime,theGroupassesseswhetherthecustomersinthecontractareentitledtoobtainalmostalltheeconomicbenefitsarisingfromtheuseoftheidentifiedassetsduringtheuseperiod,andhavetherighttodominatetheuseoftheidentifiedassetsduringtheuseperiod.Ifacontractcontainsmultiplesingleleasesatthesametime,theGroupwillsplitthecontract,andconductaccountingtreatmentofeachsingleleaserespectively.Ifacontractcontainsbothleaseandnon-leasepartsatthesametime,theGroupwillsplittheleaseandnon-leasepartsforaccountingtreatment.
(2)TheGroupaslessee
1)LeaserecognitionOnthecommencementdateoftheleaseterm,theGrouprecognizestheright-of-useassetsandleaseobligationsinrespectofthelease.Fortherecognitionandmeasurementofright-of-useassetsandleaseliabilities,pleaserefertoNoteIV"25.Right-of-useassets"and"31.Leaseliabilities".
2)LeasechangeAleasechangereferstoachangeinthescope,consideration,andtermofleaseoutsidetheoriginalcontractclauses,includingtheadditionorterminationoftheoneorseveralrightstouseleaseassets,andtheextensionorreductionoftheleasetermspecifiedinthecontract.Theeffectivedateofleasechangereferstothedatewhenbothpartiesreachanagreementonleasechange.Iftheleasechangesandthefollowingconditionsaremetatthesametime,theGroupwillaccountfortheleasechangeasaseparatelease:a)Theleasechangeexpandstheleasescopeorextendstheleasetermbyincreasingtherighttouseoneormoreleasedassets;b)Theincreasedconsiderationisequivalenttotheseparatepriceoftheexpandedleasescopeortheextendedleasetermadjustedaccordingtothecontractconditions.Iftheleasechangeisnotaccountedforasaseparatelease,ontheeffectivedateoftheleasechange,theGroupwillallocatetheconsiderationofthechangedcontractinaccordancewiththerelevantprovisionsoftheleasestandardsandre-determinethechangedleaseterm.Therevisedrateofdiscountisusedtodiscountthechangedleasepaymentstoremeasuretheleaseliability.Whencalculatingthepresentvalueofthechangedleasepayments,theGroupusestheinterestrateimplicitinleaseastherateofdiscount.Iftheinterestrateimplicitinleasecannotbedetermined,theGroupadoptstheincrementalborrowingrateofthelesseeontheeffectivedateoftheleasechangeastherateofdiscount.Withregardtotheimpactoftheabove-mentionedleaseliabilityadjustment,theGroupconductsaccountingtreatmentaccordingtothefollowingsituations:a)Thelesseewill
correspondinglyreducethebookvalueoftheright-of-useassetsandincludetheprofitorlossoftheleaseterminatedinpartorwholeinthecurrentprofitorloss,iftheleasechangenarrowsthescopeofleaseorshortenstheleaseterm.b)Thelesseewillcorrespondinglyadjustthebookvalueoftheright-of-useassets,ifotherleasechangesresultinthere-measurementoftheleaseobligation.
3)Short-termandlow-valueassetleasesForshort-termleaseswithaleasetermnotexceeding12monthsandlow-valueassetleaseswithlowervaluewhensingleleasedassetsarebrandnewassets,theGroupchoosesnottorecognizeright-of-useassetsandleaseliabilities.TheGroupincludesthepaymentsofshort-termandlow-valueassetleasesincurredduringeachperiodoftheleasetermintheprofitorlossforthecurrentperiodorthecostofrelevantassetsbythestraight-linemethod.
(3)TheGroupaslessorOnthebasisthat(1)thecontractassessedisaleaseorincludesalease,theGroup,asthelessor,classifiesleasesintofinanceleasesandoperatingleasesontheleasecommencementdate.Ifaleasesubstantiallytransfersvirtuallyallrisksandrewardsassociatedwithownershipoftheleasedasset,thelessorclassifiestheleaseasafinanceleaseandleasesotherthanfinanceleasesasoperatingleases.TheGroupusuallyclassifiesaleasethatfallsunderanyoneormoreofthefollowingcircumstancesasafinancelease:a)Whentheleasetermexpires,theownershipoftheleasedassetistransferredtothelessee;b)Thelesseehastheoptiontopurchasetheleasedasset(s).Astheagreedpurchasepriceislowenoughcomparedwiththefairvalueoftheleasedasset(s)atthetimetheoptionisexpectedtobeexercised,itcanbereasonablydeterminedattheinceptionoftheleasethatthelesseewillexercisetheoption;c)Althoughtheownershipoftheassetsisnottransferred,theleasetermaccountsformostoftheservicelifeoftheleasedassets;d)Ontheleasecommencementdate,thepresentvalueofleasereceiptsisalmostequivalenttothefairvalueofleasedassets;e)Theleasedassetsarespecialinnature,andonlythelesseecanusethemwithoutmajorrenovation.TheGroupmayalsoclassifyaleasethatfallsunderanyoneormoreofthefollowingcircumstancesasafinancelease:a)Ifthelesseecancelsthelease,lossestothelessorcausedbythecancellationwillbebornebythelessee;b)Thegainsorlossesarisingfromthefluctuationofthefairvalueoftheresidualvalueofassetsbelongtothelessee;c)Thelesseehastheabilitytocontinueleasinguntilthenexttermatarentfarbelowthemarketlevel.
1)AccountingtreatmentoffinanceleasesInitialmeasurementOnthecommencementdateoftheleaseterm,theGrouprecognizesthefinanceleasereceivablesforthefinanceleaseandderecognizestheleasedassetofthefinancelease.Itrecognizesthenetinvestmentintheleaseastheentryvalueofthefinancelease,wheninitiallymeasuringthefinanceleasereceivable.Thenetinvestmentintheleaseisthesumofthenetvalueoftheunguaranteedresidualvalueandtheleasereceivablenotreceivedonthecommencementdateoftheleasetermattheinterestrateimplicitinlease.Leasecollectionamountreferstotheamountthatthelessorshouldcollectfromthelesseefortransferringtherighttousetheleasedassetsduringtheleaseterm,including:a)Fixedpaymentamountandsubstantialfixedpaymentamountthatthelesseeneedstopay.Ifthereisleaseincentive,deducttheamountrelatedtoleaseincentive;b)Thevariableleasepaymentdependingontheindexorratio,whichisdeterminedaccordingtotheindexorratioonthecommencementdateoftheleasetermattheinitialmeasurement;c)Theexercisepriceofthepurchaseoption,providedthatitisreasonably
determinedthatthelesseewillexercisetheoption;d)Theamounttobepaidbythelesseetoexercisetheoptiontoterminatethelease,providedthattheleasetermreflectsthatthelesseewillexercisetheoptiontoterminatethelease;e)Theresidualvalueofguaranteeprovidedtothelessorbythelessee,thepartyrelatedtothelesseeandanindependentthirdpartythathasthefinancialabilitytofulfilltheguaranteeobligation.Follow-upmeasurementTheGroupcalculatesandconfirmstheinterestincomeatafixedperiodicrateineachperiodintheleaseterm.Periodicratereferstotherateofdiscountimplicitinleaseadoptedtodeterminethenetinvestmentinthelease(inthecaseofsublease,iftheinterestrateimplicitinleaseofsubleasecannotbedetermined,therateofdiscountimplicitinoriginalleaseisadopted(adjustedaccordingtotheinitialdirectexpensesrelatedtosublease)),ortherevisedrateofdiscountdeterminedinaccordancewiththerelevantprovisionswherethechangeofthefinanceleaseisnotaccountedforasaseparateleaseandmeetstheconditionthattheleasewillbeclassifiedasafinanceleaseifthechangebecameeffectiveontheleasecommencementdate.AccountingtreatmentofleasechangeIftheleasechangesandthefollowingconditionsaremetatthesametime,theGroupwillaccountfortheleasechangeasaseparatelease:a)Theleasechangeexpandstheleasescopebyincreasingtherighttouseoneormoreleasedassets;b)Theincreasedconsiderationisequivalenttotheseparatepriceoftheexpandedleasescopeadjustedaccordingtothecontractconditions.Ifthechangeoffinanceleaseisnotaccountedforasaseparatelease,andtheconditionthattheleasewillbeclassifiedasanoperatingleaseifthechangetakeseffectontheleasecommencementdateismet,theGroupwillaccountforitasanewleasefromtheeffectivedateoftheleasechange,andtakethenetleaseinvestmentbeforetheeffectivedateoftheleasechangeasthebookvalueoftheleasedasset.
2)AccountingtreatmentofoperatingleasesTreatmentofrentTheGrouprecognizesleasereceiptsfromoperatingleasesasrentalincomeonastraight-linebasisduringeachperiodoftheleaseterm.IncentivesprovidedIftheGroupprovidesarent-freeperiod,itallocatesthetotalrentalsovertheentireleasetermwithoutdeductingtherent-freeperiodbythestraight-linemethod,andalsorecognizesrentalincomeduringtherent-freeperiod.Ifcertainexpensesofthelesseeareborne,theGroupallocatesthebalanceofrentalincomeovertheleasetermaftersuchexpensesaredeductedfromthegrossrentalincome.InitialdirectcostInitialdirectexpensesincurredbytheGroupinconnectionwithoperatingleasesshallbecapitalizedtothecostoftheleasedunderlyingassetandrecordedintheprofitsandlossesofthecurrentperiodinstagesovertheleasetermonthesamebasisofrecognitionasrentalincome.DepreciationForthefixedassetsintheassetsunderoperatinglease,theGroupadoptsthedepreciationpolicyofsimilarassetstocalculateanddistilldepreciation.Forotherassetsunderoperatinglease,theGroupamortizestheminasystematicandreasonablemanner.Variableleasepayments
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
VariableleasepaymentsmadebytheGroupinrelationtooperatingleasesthatarenotincludedintheleasereceivableareincludedinthecurrentprofitorlosswhentheyareactuallyincurred.ChangeofoperatingleasesIfanoperatingleasechanges,theGroupwillregarditasanewleaseforaccountingtreatmentfromtheeffectivedateofthechange.Theadvancereceiptortheleasereceivablerelatedtotheleasepriortothechangeisrecognizedasthepaymentreceivableofthenewlease.
37.ChangesinMainAccountingPoliciesandEstimates
(1)ChangesofaccountingpoliciesOn7December2018,theMinistryofFinanceissuedtheAccountingStandardforBusinessEnterprisesNo.21--Leasing(Revisedin2018)(C.K.[2018]No.35)(hereinafterreferredtoasthe"newleasestandards").TheGrouphasimplementedtheaforesaidnewleasestandardssince1January2021,andmadechangestorelevantaccountingpoliciesinaccordancewiththeprovisionsofthenewleasestandards.Accordingtotheprovisionsofthenewleasestandards,foracontractalreadyexistingpriortothedateofinitialadoption,theGroupdecidesnottoreassesswhetheritisaleaseorincludesanylease.TheGroupdecidestoadjustthecumulativeimpactonlyforthoseleasesoutstandingasof1January2021.Theamountofretainedearningsandotherrelevantitemsinthefinancialstatementsatthebeginningofthefirstyearofadoption(i.e.,1January2021)isadjustedinaccordancewiththecumulativeimpactofthefirstadoptionofthestandards,andthecomparableperiodinformationisnotadjusted.Onthedateofinitialadoptionofthenewleasestandards(thatis,1January2021),thespecifictreatmentoftheGroupanditsimpactareasfollows:
A.TheGroupaslesseeForthefinanceleaseonthedateofinitialadoption,theGroup,asthelessee,measurestheright-of-useassetsandleaseliabilitiesrespectivelyaccordingtotheoriginalbookvalueofthefinanceleaseassetsandthefinanceleasepayable.Fortheoperatingleaseonthedateofinitialadoption,theleaseliabilitiesaremeasuredasthepresentvaluediscountedbythelesseeaccordingtotheremainingleasepaymentamountattheincrementalborrowingrateonthedateofinitialadoption.Theunpaidrentpayableaccruedaccordingtotheaccrualbasisundertheoriginalleasestandardsisincludedintheremainingleasepayments.Foroperationalleasingpriortothedateofinitialadoption,theGroupwillmeasuretheleaseliabilitiesaccordingtothepresentvaluediscountedattheincrementalborrowingrateonthedateofinitialadoptionbasedontheremainingleasepayments,andmakenecessaryadjustmentstotheright-of-useassetsatanamountequaltotheleaseliabilities.Foroperatingleasesinwhichtheassetleasedpriortothedateofinitialadoptionisalow-valueasset,theGroupdoesnotrecognizetheright-of-useassetsorleaseliabilities.Foroperatingleasesotherthanlow-valueleasesonthedateofinitialadoption,theGroupadoptsoneormoreofthefollowingsimplifiedtreatmentsforeachlease:
Leasestobecompletedwithin12monthsafterthedateofinitialadoptionaretreatedasshort-termleases;Leaseswithsimilarcharacteristicswhenmeasuringleaseliabilitiesaretreatedwiththesamerateofdiscount;Themeasurementoftheright-of-useassetsdoesnotincludetheinitialdirectexpenses;
Ifthereisanoptiontoreneworanoptiontoterminatethelease,theGroupdeterminestheleasetermbasedontheactualexerciseoftheoptionpriortothedateofinitialadoptionandotherlatestcircumstances.Asanalternativetoimpairmenttestsforright-of-useassets,theGroup,accordingtotheAccountingStandardsforBusinessEnterprisesNo.13-Contingencies,assesseswhetherthecontractcontainingtheleaseisanonerouscontractpriortothedateofinitialadoptionandadjuststheright-of-useassetbasedontheamountofthelossprovisionrecordedinthebalancesheetpriortothedateofinitialadoption.Iftherearechangesinleasespriortothedateofinitialadoption,theGroupconductsaccountingtreatmentinaccordancewiththefinalarrangementsforleasechanges.B.TheGroupaslessorForsubleasesclassifiedasoperatingleasespriortothedateofinitialadoptionandstillinexistenceafterthedateofinitialadoption,theGroup,asthelessor,reassessestheremainingcontractualtermsandconditionsoftheoriginalleaseandsubleaseatthedateofinitialadoption.Ifthesubleaseisreclassifiedasafinancelease,theGroupconductsaccountingtreatmentforitasanewfinancelease.
(2)ChangesinAccountingEstimatesNosuchcasesintheReportingPeriod.
(3)AdjustmentstotheFinancialStatementsattheBeginningoftheFirstExecutionYearofanyNewStandardsGoverningLeasessince2021
)Consolidatedbalancesheet:
Unit:RMB
Item
Item | 31December2020 | 1January2021 | Adjustment |
Currentassets: | |||
Monetaryassets | 5,431,530,180.90 | 5,431,530,180.90 | |
Settlementreserve | |||
Interbankloansgranted | |||
Held-for-tradingfinancialassets | 618,249,541.66 | 618,249,541.66 | |
Derivativefinancialassets | |||
Notesreceivable | 2,358,180,193.96 | 2,358,180,193.96 | |
Accountsreceivable | 3,900,897,623.59 | 3,900,897,623.59 | |
Accountsreceivablefinancing | 84,057,197.44 | 84,057,197.44 | |
Prepayments | 1,183,270,543.41 | 1,182,471,715.24 | -798,828.17 |
Premiumsreceivable | |||
Reinsurancereceivables | |||
Receivablereinsurancecontractreserve | |||
Otherreceivables | 2,145,736,640.60 | 2,145,209,803.70 | -526,836.90 |
Including:Interestreceivable | 45,109,425.85 | 45,109,425.85 | |
Dividends | 4,947,848.62 | 4,947,848.62 |
Item
Item | 31December2020 | 1January2021 | Adjustment |
receivable | |||
Financialassetspurchasedunderresaleagreements | |||
Inventories | 4,521,300,677.41 | 4,521,300,677.41 | |
Contractassets | 2,870,006,710.39 | 2,870,006,710.39 | |
Assetsheldforsale | |||
Currentportionofnon-currentassets | 112,310,158.82 | 112,310,158.82 | |
Othercurrentassets | 1,913,146,483.39 | 1,913,146,483.39 | |
Totalcurrentassets | 25,138,685,951.57 | 25,137,360,286.50 | -1,325,665.07 |
Non-currentassets: | |||
Loansandadvancestocustomers | |||
Investmentsindebtobligations | |||
Investmentsinotherdebtobligations | |||
Long-termreceivables | 399,497,204.03 | 399,497,204.03 | |
Long-termequityinvestments | 4,375,833,584.65 | 4,375,833,584.65 | |
Investmentsinotherequityinstruments | 25,343,293.16 | 25,343,293.16 | |
Othernon-currentfinancialassets | 1,878,154,796.76 | 1,878,154,796.76 | |
Investmentproperty | 538,585,668.29 | 538,585,668.29 | |
Fixedassets | 3,178,642,017.84 | 3,178,642,017.84 | |
Constructioninprogress | 9,236,643,931.68 | 9,236,643,931.68 | |
Productivelivingassets | |||
Oilandgasassets | |||
Right-of-useassets | 104,222,631.14 | 104,222,631.14 | |
Intangibleassets | 1,189,191,001.51 | 1,189,191,001.51 | |
Developmentcosts | |||
Goodwill | 675,795,873.17 | 675,795,873.17 | |
Long-termprepaidexpense | 153,198,562.82 | 153,198,562.82 | |
Deferredincometaxassets | 1,265,916,437.39 | 1,265,916,437.39 | |
Othernon-currentassets | 1,820,779,170.74 | 1,820,779,170.74 | |
Totalnon-currentassets | 24,737,581,542.04 | 24,841,804,173.18 | 104,222,631.14 |
Totalassets | 49,876,267,493.61 | 49,979,164,459.68 | 102,896,966.07 |
Item
Item | 31December2020 | 1January2021 | Adjustment |
Currentliabilities: | |||
Short-termborrowings | 10,990,550,475.78 | 10,990,550,475.78 | |
Borrowingsfromthecentralbank | |||
Interbankloansobtained | |||
Held-for-tradingfinancialliabilities | |||
Derivativefinancialliabilities | |||
Notespayable | 1,335,987,026.21 | 1,335,987,026.21 | |
Accountspayable | 9,632,366,325.76 | 9,632,366,325.76 | |
Advancesfromcustomers | |||
Contractliabilities | 1,217,367,735.94 | 1,217,367,735.94 | |
Financialassetssoldunderrepurchaseagreements | |||
Customerdepositsandinterbankdeposits | |||
Payablesforactingtradingofsecurities | |||
Payablesforunderwritingofsecurities | |||
Employeebenefitspayable | 476,616,244.45 | 476,616,244.45 | |
Taxespayable | 508,214,059.16 | 508,214,059.16 | |
Otherpayables | 1,999,430,899.69 | 1,991,555,887.10 | -7,875,012.59 |
Including:Interestpayable | 220,837,380.17 | 220,837,380.17 | |
Dividendspayable | |||
Handlingchargesandcommissionspayable | |||
Reinsurancepayables | |||
Liabilitiesdirectlyassociatedwithassetsheldforsale | |||
Currentportionofnon-currentliabilities | 376,896,566.29 | 425,389,853.10 | 48,493,286.81 |
Othercurrentliabilities | 441,774,317.23 | 441,774,317.23 | |
Totalcurrentliabilities | 26,979,203,650.51 | 27,019,821,924.73 | 40,618,274.22 |
Non-currentliabilities: | |||
Insurancecontractreserve |
Item
Item | 31December2020 | 1January2021 | Adjustment |
Long-termborrowings | 5,964,748,997.54 | 5,964,748,997.54 | |
Bondspayable | 4,993,212,788.32 | 4,993,212,788.32 | |
Including:Preferredshares | |||
Perpetualbonds | |||
Leaseliabilities | 62,278,691.85 | 62,278,691.85 | |
Long-termpayables | 481,409,849.96 | 481,409,849.96 | |
Long-termemployeebenefitspayable | 5,248,309.14 | 5,248,309.14 | |
Provisions | 102,353,567.91 | 102,353,567.91 | |
Deferredincome | 446,900,524.64 | 446,900,524.64 | |
Deferredincometaxliabilities | 75,819,231.93 | 75,819,231.93 | |
Othernon-currentliabilities | 106,475,449.02 | 106,475,449.02 | |
Totalnon-currentliabilities | 12,176,168,718.46 | 12,238,447,410.31 | 62,278,691.85 |
Totalliabilities | 39,155,372,368.97 | 39,258,269,335.04 | 102,896,966.07 |
Owners’equity: | |||
Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 | |
Otherequityinstruments | |||
Including:Preferredshares | |||
Perpetualbonds | |||
Capitalreserves | 230,185,310.09 | 230,185,310.09 | |
Less:Treasurystock | |||
Othercomprehensiveincome | -16,583,042.42 | -16,583,042.42 | |
Specificreserve | |||
Surplusreserves | 1,211,721,109.67 | 1,211,721,109.67 | |
Generalreserve | |||
Retainedearnings | 4,595,371,391.63 | 4,595,371,391.63 | |
TotalequityattributabletoshareholdersoftheCompanyastheparent | 8,428,640,176.97 | 8,428,640,176.97 | |
Non-controllinginterests | 2,292,254,947.67 | 2,292,254,947.67 | |
Totalshareholders’equity | 10,720,895,124.64 | 10,720,895,124.64 | |
Totalliabilitiesandshareholders’equity | 49,876,267,493.61 | 49,979,164,459.68 | 102,896,966.07 |
Explanationofadjustmentofconsolidatedbalancesheet:Duetotheimplementationofthenewleasestandards,theGrouphasadjustedtheprepaymentsof-RMB798,828.17,otherreceivablesof-RMB526,836.90,right-of-useassetsofRMB104,222,631.14,otherpayablesof
-RMB7,875,012.59,non-currentliabilitiesduewithinoneyearofRMB48,493,286.81andleaseliabilitiesofRMB62,278,691.85initsconsolidatedfinancialstatementson1January2021.
2)BalanceSheetoftheCompanyastheParent
Unit:RMB
Item
Item | 31December2020 | 1January2021 | Adjustment |
Currentassets: | |||
Monetaryassets | 3,481,445,560.17 | 3,481,445,560.17 | |
Held-for-tradingfinancialassets | 298,497,458.33 | 298,497,458.33 | |
Derivativefinancialassets | |||
Notesreceivable | 879,589,355.91 | 879,589,355.91 | |
Accountsreceivable | 4,473,251,691.85 | 4,473,251,691.85 | |
Accountsreceivablefinancing | 5,659,400.00 | 5,659,400.00 | |
Prepayments | 1,021,218,285.46 | 1,021,218,285.46 | |
Otherreceivables | 10,034,869,353.07 | 10,034,869,353.07 | |
Including:Interestreceivable | 41,138,869.97 | 41,138,869.97 | |
Dividendsreceivable | 749,431,635.50 | 749,431,635.50 | |
Inventories | 202,406,456.36 | 202,406,456.36 | |
Contractassets | |||
Assetsheldforsale | |||
Currentportionofnon-currentassets | |||
Othercurrentassets | 1,020,031,186.39 | 1,020,031,186.39 | |
Totalcurrentassets | 21,416,968,747.54 | 21,416,968,747.54 | |
Non-currentassets: | |||
Investmentsindebtobligations | |||
Investmentsinotherdebtobligations | |||
Long-termreceivables | |||
Long-termequityinvestments | 8,806,166,599.56 | 8,806,166,599.56 | |
Investmentsinotherequityinstruments | 17,940,215.36 | 17,940,215.36 | |
Othernon-currentfinancialassets | 250,230,000.00 | 250,230,000.00 | |
Investmentproperty | 406,237,236.91 | 406,237,236.91 | |
Fixedassets | 431,762,044.14 | 431,762,044.14 |
Item
Item | 31December2020 | 1January2021 | Adjustment |
Constructioninprogress | 132,464,938.18 | 132,464,938.18 | |
Productivelivingassets | |||
Oilandgasassets | |||
Right-of-useassets | 6,705,627.02 | 6,705,627.02 | |
Intangibleassets | 59,506,272.63 | 59,506,272.63 | |
Developmentcosts | |||
Goodwill | |||
Long-termprepaidexpense | 16,532,521.69 | 16,532,521.69 | |
Deferredincometaxassets | 980,095,292.53 | 980,095,292.53 | |
Othernon-currentassets | 10,867,888.84 | 10,867,888.84 | |
Totalnon-currentassets | 11,111,803,009.84 | 11,118,508,636.86 | 6,705,627.02 |
Totalassets | 32,528,771,757.38 | 32,535,477,384.40 | 6,705,627.02 |
Currentliabilities: | |||
Short-termborrowings | 5,052,990,048.93 | 5,052,990,048.93 | |
Held-for-tradingfinancialliabilities | |||
Derivativefinancialliabilities | |||
Notespayable | 1,344,958,738.50 | 1,344,958,738.50 | |
Accountspayable | 6,811,467,585.39 | 6,811,467,585.39 | |
Advancesfromcustomers | |||
Contractliabilities | 723,022,740.95 | 723,022,740.95 | |
Employeebenefitspayable | 147,391,317.06 | 147,391,317.06 | |
Taxespayable | 4,094,133.23 | 4,094,133.23 | |
Otherpayables | 4,275,347,622.57 | 4,275,347,622.57 | |
Including:Interestpayable | 215,828,625.04 | 215,828,625.04 | |
Dividendspayable | |||
Liabilitiesdirectlyassociatedwithassetsheldforsale | |||
Currentportionofnon-currentliabilities | 5,867,425.49 | 8,347,347.05 | 2,479,921.56 |
Othercurrentliabilities | 6,108,675.36 | 6,108,675.36 | |
Totalcurrentliabilities | 18,371,248,287.48 | 18,373,728,209.04 | 2,479,921.56 |
Non-currentliabilities: |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
Item
Item | 31December2020 | 1January2021 | Adjustment |
Long-termborrowings | 2,930,034,612.32 | 2,930,034,612.32 | |
Bondspayable | 4,993,212,788.32 | 4,993,212,788.32 | |
Including:Preferredshares | |||
Perpetualbonds | |||
Leaseliabilities | 4,225,705.46 | 4,225,705.46 | |
Long-termpayables | 17,633,249.67 | 17,633,249.67 | |
Long-termemployeebenefitspayable | |||
Provisions | 832,465.72 | 832,465.72 | |
Deferredincome | 61,530,557.55 | 61,530,557.55 | |
Deferredincometaxliabilities | 2,334,364.58 | 2,334,364.58 | |
Othernon-currentliabilities | 54,162,098.05 | 54,162,098.05 | |
Totalnon-currentliabilities | 8,059,740,136.21 | 8,063,965,841.67 | 4,225,705.46 |
Totalliabilities | 26,430,988,423.69 | 26,437,694,050.71 | 6,705,627.02 |
Owners’equity: | |||
Sharecapital | 2,407,945,408.00 | 2,407,945,408.00 | |
Otherequityinstruments | |||
Including:Preferredshares | |||
Perpetualbonds | |||
Capitalreserves | 112,570,352.72 | 112,570,352.72 | |
Less:Treasurystock | |||
Othercomprehensiveincome | -2,682,217.31 | -2,682,217.31 | |
Specificreserve | |||
Surplusreserves | 1,227,564,785.19 | 1,227,564,785.19 | |
Retainedearnings | 2,352,385,005.09 | 2,352,385,005.09 | |
Totalshareholders’equity | 6,097,783,333.69 | 6,097,783,333.69 | |
Totalliabilitiesandshareholders’equity | 32,528,771,757.38 | 32,535,477,384.40 | 6,705,627.02 |
Explanationofbalancesheetadjustmentoftheparentcompany:Duetotheimplementationofthenewleasestandards,theCompanyhasadjustedtheright-of-useassetsofRMB6,705,627.02,non-currentliabilitiesofRMB2,479,921.56andleaseliabilitiesofRMB4,225,705.46duewithinoneyearinitsfinancialstatementson1January2021.V.Taxation
1.MainTaxesandTaxRate
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
Categoryoftaxes
Categoryoftaxes | Basis | Specificsituationofthetaxesrate |
VAT | CalculatedtheoutputtaxatthetaxrateandpaidtheVATbytheamountafterdeductingthedeductiblewithholdingVATatcurrentperiod,ofwhichtheVATapplicabletoeasycollectionwon’tbelongtothedeductiblewithholdingVAT. | 1%、3%、5%、6%、9%、13% |
Urbanmaintenanceandconstructiontax | Thecirculatingtaxactuallypaid | Paidat5%:DongguanKonka,XingDaHongYe,XinfengMicrocrystalline,BoluoKonkaPrecision,BoluoKonka,NingboKanghanrui,JiangsuKonkaSmart,ShanghaiKonka,YibinKangrun,YibinKangrunMedical,YibinKangrunEnvironmentalProtection.Paidat7%:KonkaCapital.Paidat1%:JiangxiKonka,JiangxiHighTransparentSubstrate,Jiangkang(Shanghai)Technology.Paidat7%:othersubsidiaries. |
Educationsurtax | Thecirculatingtaxactuallypaid | 3% |
Localeducationsurtax | Thecirculatingtaxactuallypaid | 1%forsubsidiaryShanghaiKonka,and2%forothercompanies |
Enterpriseincometax | Taxableincome | 25%/2.TaxPreferenceandApprovedDocuments |
Themaintaxpayersofdifferentcorporateincometaxratesareexplainedasfollows:
Nameofentity | Incometaxrate |
ElectronicsTechnology,AnhuiKonka,AnhuiTongchuang,XingdaHongye,Wankaida,JiangxiKonka,XinfengMicrocrystalline,JiangxiHighTransparentSubstrate,SichuanKonka,BoluoKonkaPrecision,ChongqingKangxingrui | 15% |
HongKongKonka,KonkaElectricalAppliancesInternationalTrading,JialiInternational,Kangjietong,JiaxinTechnology,JiaxinTechnology,KonkaElectricalAppliancesInvestment,,KonkaMobility,KowinMemory(HongKong) | 16.5% |
ChainKingdomMemoryTechnologies | 8.25%/16.5% |
KonkaEurope | 15% |
KanghaoTechnology | 22.5% |
Nameofentity
Nameofentity | Incometaxrate |
KonkaNorthAmerica | 21% |
TheCompanyastheParentandothersubsidiaries | 25% |
Note:AccordingtoregulationsofTemporaryProvisionsofIncomeTaxofTrans-boundaryTaxPaymentEnterprisesbyStateAdministrationofTaxation,residententerpriseswithoutbusinessestablishmentorplacesoflegalpersonsshouldbetaxpaymententerpriseswiththeadministrativemeasuresofincometaxof“unifiedcomputing,level-to-leveladministration,localprepayment,liquidationsummary,andfinancetransfer”.Itcameintoforcefrom1January2008.Accordingtotheabovemethods,theCompany’ssalesbranchcompaniesineachareawillhandinthecorporateincometaxesinadvancefrom1January2008andwillbefinalsettleduniformlybytheCompanyattheyear-end.
2.TaxPreferenceandApprovedDocuments
(1)AccordingtoCaishui[2019]No.13:Noticeontheimplementationoftheinclusivetaxreductionandexemptionpolicyforsmallandmicroenterprises,from1January2019to31December2021,theannualtaxableincomeofsmallandprofitableenterprisesisnotTheportionexceedingRMB1millionwillbereducedto25%ofthetaxableincome,andthecorporateincometaxwillbepaidattherateof20%;theportionoftheannualtaxableincomeexceedingRMB1millionbutnotexceedingRMB3millionwillbereducedby50%Includethetaxableincomeandpaycorporateincometaxatarateof20%.
(2)On9September2019,AnhuiKonka,thesubsidiaryoftheCompany,obtainedacertificateofhigh-techenterprisejointlyissuedbyAnhuiScienceandTechnologyDepartment,AnhuiProvincialDepartmentofFinanceandAnhuiProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR201934000966andisvalidforthreeyears.Accordingtorelevanttaxregulations,AnhuiKonkashallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2019to2021andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(3)On16September2019,XinfengMicrocrystalline,thesubsidiaryoftheCompany,obtainedahigh-techenterprisecertificatejointlyissuedbyJiangxiScienceandTechnologyDepartment,JiangxiProvincialDepartmentofFinanceandJiangxiProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR201936000744andisvalidforthreeyears.Accordingtorelevanttaxregulations,XinfengMicrocrystallineshallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2019to2021andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(4)On20November2019,AnhuiTongchuang,thesubsidiaryoftheCompany,obtaineda
high-techenterprisecertificatejointlyissuedbyAnhuiScienceandTechnologyDepartment,AnhuiProvincialDepartmentofFinanceandAnhuiProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR201934001964andisvalidforthreeyears.Accordingtorelevanttaxregulations,AnhuiTongchuangshallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2019to2021andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(5)On28November2019,SichuanKonka,asubsidiaryoftheCompany,obtainedacertificateofhigh-techenterprisejointlyissuedbySichuanScienceandTechnologyDepartment,SichuanProvincialDepartmentofFinanceandSichuanProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR201951002096andisvalidforthreeyears.Accordingtorelevanttaxregulations,SichuanKonkashallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2019to2021andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(6)On2December2019,BokangPrecision,asubsidiaryoftheCompany,obtainedthehigh-techenterprisecertificatejointlyissuedbytheGuangdongProvincialDepartmentofScienceandTechnology,theGuangdongProvincialDepartmentofFinance,theGuangdongStateTaxationBureau,andtheGuangdongLocalTaxationBureau.ThecertificatenumberisGR201944007820,validforthreeyears,accordingtorelevanttaxregulations,BokangPrecisionhasenjoyedrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2019to2021,andissubjecttocorporateincometaxatapreferentialtaxrateof15%.
(7)On9December2019,ElectronicsTechnology,thesubsidiaryoftheCompany,obtainedaCertificateofHigh-techEnterprisejointlyissuedbyShenzhenScienceandTechnologyDepartment,ShenzhenProvincialDepartmentofFinanceandShenzhenProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR201944204287andisvalidforthreeyears.Accordingtorelevanttaxregulations,ElectronicsTechnologyshallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2019to2021andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(8)On14September2020,JiangxiKonka,thesubsidiaryoftheCompany,obtainedahigh-techenterprisecertificatejointlyissuedbyJiangxiScienceandTechnologyDepartment,JiangxiProvincialDepartmentofFinanceandJiangxiProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR202036000802andisvalidforthreeyears.Accordingtorelevanttaxregulations,JiangxiKonkashallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2020to2022andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(9)On14September2020,JiangxiHighTransparentSubstrate,thesubsidiaryoftheCompany,
obtainedahigh-techenterprisecertificatejointlyissuedbyJiangxiScienceandTechnologyDepartment,JiangxiProvincialDepartmentofFinanceandJiangxiProvincialTaxBureauoftheStateAdministrationofTaxation.ThecertificatenumberisGR202036000568andisvalidforthreeyears.Accordingtorelevanttaxregulations,JiangxiHighTransparentSubstrateshallenjoyrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2020to2022andpaytheenterpriseincometaxatapreferentialtaxrateof15%.
(10)On11December2020,Wankaida,thesubsidiaryofthisCompanyobtainedthehigh-techenterprisecertificate(certificateNo.:GR202044201940)jointlyissuedbyShenzhenTechnologyInnovationCommittee,FinanceCommitteeofShenzhenMunicipality,ShenzhenTaxationBureauofSATwithavalidperiodofthreeyears.Accordingtorelatedtaxationregulations,Wankaidaenjoysrelatedtaxationpreferentialpoliciesasahigh-techenterprisefrom2020to2022andpaystheenterpriseincometaxasperthepreferentialtaxrateof15%.
(11)InaccordancewiththeNoticeonTaxPolicyIssuesInvolvedintheFurtherImplementationoftheWesternDevelopmentStrategy(C.S.[2011]No.58)andtheAnnouncementonCorporateIncomeTaxIssuesInvolvedintheFurtherImplementationoftheWesternDevelopmentStrategy(Announcement[2012]No.12bytheStateTaxationAdministration),anenterpriseestablishedinthewesternregionwhoismainlyengagedinanindustryspecifiedintheCatalogueofEncouragedIndustriesintheWesternRegionandwhosemainbusinessincomeaccountsforover70%ofitsgrossincomeinthecurrentyear,isentitledtoareducedcorporateincometaxrateof15%.ChongqingKangxingruiandChengduKonkaElectronic,subsidiariesoftheCompany,areeligibleforthispreferentialtaxpolicy.
(12)Accordingtothefiscalandtaxationdocument[2011]No.100publishedbytheMinistryofFinanceandtheStateAdministrationofTaxation,fortheVATgeneraltaxpayerswhoselltheirself-developedandproducedsoftwareproducts,theVATshallbeleviedattherateof13%,andthenthepartthattheactualtaxburdenontheirVATexceeds3willbeimplementedwiththepolicyofimmediatewithdrawal.TheCompany’ssubsidiaries,WankaidaTechnology,Youzhihui,ElectronicsTechnologyandAnhuiTongchuangallenjoythispreferentialpolicy.
(13)On20December2021,XingDaHongYe,asubsidiaryoftheCompany,obtainedthe"High-techEnterpriseCertificate"jointlyissuedbyDepartmentofScienceandTechnologyofGuangdongProvince,DepartmentofFinanceofGuangdongProvinceandGuangdongProvincialTaxServiceofStateTaxationAdministration(No.GR202144002737),whichwillbevalidforthreeyears.Accordingtorelevanttaxregulations,XingDaHongYeenjoysrelevantpreferentialtaxpoliciesforhigh-techenterprisesforthreeconsecutiveyearsfrom2021to2023,andpaysenterpriseincometaxatareducedrateof15%.
VI.NotestoMajorItemsintheConsolidatedFinancialStatementsoftheCompany
Unlessotherwisenoted,thefollowingannotationproject(includingthemainprojects,annotationofthefinancialstatementoftheCompany),theyear-beginning/openingrefersto1January2021,theyear-end/endingrefersto31December2021,thisyearreferstotheperiodfrom1January2021to31December2021andthelastyearreferstotheperiodfrom1January2020to31December2020.ThemonetaryunitisRMB.
1.MonetaryAssets
Item
Item | Endingbalance | Openingbalance |
Cashonhand | 363.22 | 16,052.88 |
Bankdeposits | 5,968,346,855.81 | 4,298,040,060.36 |
Othermonetaryassets | 521,205,992.21 | 1,133,474,067.66 |
Total | 6,489,553,211.24 | 5,431,530,180.90 |
Ofwhich:totalamountdepositedoverseas | 167,359,880.91 | 202,052,024.94 |
Note:Theperiod-endbalanceofothercurrencyassetsismainlymargindeposits,financialsupervisionaccountfundsandotherdepositssubjecttousagerestrictions.Fordetails,refertoNoteVI-66Assetswithrestrictedownershiporuseright.
2.TradingFinancialAssets
Item | Endingbalance | Openingbalance |
Financialassetsatfairvaluethroughprofitorloss | 618,249,541.66 | |
Ofwhich:debtinstrumentinvestment | ||
Equityinstrumentinvestment | ||
Structuraldeposits | 618,249,541.66 | |
Financialassetsassignedtobemeasuredatfairvaluethroughprofitorloss | ||
Ofwhich:debtinstrumentinvestment | ||
Hybridinstrumentinvestment | ||
Others | ||
Total | 618,249,541.66 |
3.NotesReceivable
(1)NotesReceivableListedbyCategory
Item
Item | Endingbalance | Openingbalance |
Commercialacceptancebill | 561,724,266.27 | 1,012,776,099.43 |
Bank’sacceptancebill | 1,215,753,215.01 | 1,345,404,094.53 |
Total | 1,777,477,481.28 | 2,358,180,193.96 |
(2)NotesReceivablePledgedbytheCompanyattheYear-end
Item | Endingpledgedamount |
Bank’sacceptancebill | 540,032,830.08 |
Total | 540,032,830.08 |
(3)NotesReceivablewhichHadEndorsedbytheCompanyorhadDiscountedandhadnotDueontheBalanceSheetDateattheYear-end
Item | DerecognizedamountattheYear-end | Non-derecognizedamountattheYear-end |
Bank’sacceptancebill | 1,391,622,056.42 | |
Commercialacceptancebill | 94,412,282.56 | |
Total | 1,391,622,056.42 | 94,412,282.56 |
(4)NotesTransferredtoAccountsReceivablebecauseDraweroftheNotesFailedtoExecutetheContractorAgreementattheYear-end
Item | AmountofthenotestransferredtoaccountsreceivableattheYear-end |
Bank’sacceptancebill | - |
Commercialacceptancebill | 26,884,881.52 |
Total | 26,884,881.52 |
Note:Notestransferredtoaccountsreceivablebecausedrawerofthenotesfailedtoexecutethecontractoragreementattheyear-endaremainlynotespastdueoftheCompany.
(5)ListedbyWithdrawalMethodsforBadDebtProvision
Category
Category | Endingbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Provisionforbaddebtsprovidedindividually | - | - | - | - | - |
Baddebtprovisionwithdrawnbyportfolio | 1,789,175,291.65 | 100.00 | 11,697,810.37 | 0.65 | 1,777,477,481.28 |
Ofwhich:Bank'sacceptancebill | 1,215,753,215.01 | 67.95 | 1,215,753,215.01 | ||
Commercialacceptancebill | 573,422,076.64 | 32.05 | 11,697,810.37 | 2.04 | 561,724,266.27 |
Total | 1,789,175,291.65 | 100.00 | 11,697,810.37 | 0.65 | 1,777,477,481.28 |
(continued)
Category | Openingbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Provisionforbaddebtsprovidedindividually | - | - | - | - | - |
Baddebtprovisionwithdrawnbyportfolio | 2,387,417,262.59 | 100.00 | 29,237,068.63 | 1.22 | 2,358,180,193.96 |
Ofwhich:Bank'sacceptancebill | 1,345,404,094.53 | 56.35 | 1,345,404,094.53 |
Commercialacceptancebill
Commercialacceptancebill | 1,042,013,168.06 | 43.65 | 29,237,068.63 | 2.81 | 1,012,776,099.43 |
Total | 2,387,417,262.59 | 100.00 | 29,237,068.63 | 1.22 | 2,358,180,193.96 |
1)Intheportfolio,notesreceivable,forwhichtheprovisionforexpectedcreditlosswasmadeaccordingtocommercialacceptancebills
Name | Endingbalance | ||
Carryingbalance | Baddebtprovision | Withdrawalproportion(%) | |
Within1year | 573,422,076.64 | 11,697,810.37 | 2.04 |
Total | 573,422,076.64 | 11,697,810.37 | 2.04 |
(6)BadDebtProvisionforNotesReceivableWithdrawn,CollectedorReversedthisYear
Category | Openingbalance | Changesinthisyear | Endingbalance | ||
Withdrawal | Reversalorrecovery | Written-offorverified | |||
Commercialacceptancebill | 29,237,068.63 | 17,539,258.26 | 11,697,810.37 | ||
Bank’sacceptancebill | |||||
Total | 29,237,068.63 | 17,539,258.26 | 11,697,810.37 |
(7)NotesReceivableActuallyWrittenoffthisYearTherewerenonotesreceivableactuallywrittenoffthisyear.
4.AccountsReceivable
(1)AccountsReceivableListedbyWithdrawalMethodsforBadDebts
Category
Category | Endingbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Accountsreceivableofexpectedcreditlosseswithdrawnindividually | 1,608,537,820.30 | 33.82 | 1,061,967,130.77 | 66.02 | 546,570,689.53 |
Accountsreceivableofexpectedcreditlosseswithdrawnbyportfolio | |||||
Ofwhich:Agingportfolio | 3,148,039,065.69 | 66.18 | 296,880,274.15 | 9.43 | 2,851,158,791.54 |
Projectpaymentportfolio | |||||
Subtotalofportfolios | 3,148,039,065.69 | 66.18 | 296,880,274.15 | 9.43 | 2,851,158,791.54 |
Total | 4,756,576,885.99 | 100.00 | 1,358,847,404.92 | 28.57 | 3,397,729,481.07 |
(continued)
Category | Openingbalance | ||
Carryingbalance | Baddebtprovision | Carryingvalue |
Amount
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Accountsreceivableofexpectedcreditlosseswithdrawnindividually | 1,384,462,893.38 | 27.50 | 750,096,749.22 | 54.18 | 634,366,144.16 |
Accountsreceivableofexpectedcreditlosseswithdrawnbyportfolio | |||||
Ofwhich:Agingportfolio | 3,004,054,396.28 | 59.66 | 271,291,702.62 | 9.03 | 2,732,762,693.66 |
Projectpaymentportfolio | 646,556,634.10 | 12.84 | 112,787,848.33 | 17.44 | 533,768,785.77 |
Subtotalofportfolios | 3,650,611,030.38 | 72.50 | 384,079,550.95 | 10.52 | 3,266,531,479.43 |
Total | 5,035,073,923.76 | 100.00 | 1,134,176,300.17 | 22.53 | 3,900,897,623.59 |
1)Provisionforbaddebtsofaccountsreceivableprovidedindividually
Name | Endingbalance | ||||
Carryingbalance | Baddebtprovision | Withdrawalproportion(%) | Withdrawalreason | ||
ShanghaiHuaxinInternationalGroupCo.,Ltd. | 300,018,021.01 | 270,016,218.90 | 90.00 | Debtdefault | |
HongtuSanbaoHigh-techTechnologyCo.,Ltd. | 200,000,000.00 | 80,000,000.00 | 40.00 | Agreementreorganization |
Name
Name | Endingbalance | ||||
Carryingbalance | Baddebtprovision | Withdrawalproportion(%) | Withdrawalreason | ||
TewooGroupCo.,Ltd. | 200,000,000.00 | 100,000,000.00 | 50.00 | Judicialreorganization | |
ShenzhenYaodeTechnologyCo.,Ltd. | 131,032,162.46 | 65,516,081.23 | 50.00 | Itisnotexpectedtorecoverallofthem | |
GuanganOuqishiElectronicTechnologyCo.,Ltd. | 113,230,553.53 | 101,907,498.18 | 90.00 | Itisnotexpectedtorecoverallofthem | |
.ZhongfuTiangongConstructionGroupCo.,Ltd.(formerlyknownas“ZhonghegongConstructionGroupCo.,Ltd.) | 71,789,096.65 | 46,662,912.82 | 65.00 | Itisnotexpectedtorecoverallofthem | |
CCCCFirstHarborEngineeringCompanyLtd. | 65,221,300.00 | 58,699,170.00 | 90.00 | Expectedtobedifficulttorecoverinfull | |
ChinaEnergyElectricFuelCo.,Ltd. | 50,000,000.00 | 42,500,000.00 | 85.00 | Expectedtobedifficulttorecoverinfull | |
TahoeGroupCo.,Ltd. | 50,000,000.00 | 40,000,000.00 | 80.00 | Debtreorganization | |
H-BUSTERDOBRASILINDUSTRIA | 17,535,181.99 | 17,535,181.99 | 100.00 | Thecounterpartyisbankruptandisexpectedtobedifficulttorecover | |
Others | 409,711,504.66 | 239,130,067.65 | 58.37 | Itisnotexpectedtorecoverallofthem | |
Total | 1,608,537,820.30 | 1,061,967,130.77 | -- |
2)Baddebtprovisionforaccountsreceivablemadeasperportfolio
Aging | Endingbalance |
Carryingbalance
Carryingbalance | Baddebtprovision | Withdrawalproportion(%) | |
Within1year | 2,586,924,651.24 | 52,773,746.68 | 2.04 |
1to2years | 244,412,553.16 | 24,490,137.82 | 10.02 |
2to3years | 102,590,449.49 | 23,277,772.99 | 22.69 |
3to4years | 50,605,908.73 | 32,833,113.59 | 64.88 |
Over4years | 163,505,503.07 | 163,505,503.07 | 100.00 |
Total | 3,148,039,065.69 | 296,880,274.15 |
Thisportfolioisrecognizedbasedontheagingcharacteristicsofaccountsreceivable,andthewithdrawalproportionofbaddebtprovisionisrecognizedbasedonthehistoricallossrateandforward-lookingfactors.
(2)AccountsReceivableListedbyAgingPortfolio
Aging | Endingbalance |
Within1year | 2,601,660,789.76 |
1to2years | 333,747,488.46 |
2to3years | 884,259,988.32 |
3to4years | 693,020,555.34 |
Over4years | 243,888,064.11 |
Subtotal | 4,756,576,885.99 |
Less:baddebtprovision | 1,358,847,404.92 |
Total | 3,397,729,481.07 |
(3)InformationofBadDebtProvisioninthisYear
Category | Openingbalance | Changesinthisyear | |
Withdrawal | Reversalorrecovery | ||
Baddebtprovisionofaccountsreceivable | 1,134,176,300.17 | 450,036,547.97 | 20,738,725.44 |
Total | 1,134,176,300.17 | 450,036,547.97 | 20,738,725.44 |
(continued)
Category | Changesinthisyear | Endingbalance |
Written-offorverified
Written-offorverified | Decreaseforotherreasons | ||
Baddebtprovisionofaccountsreceivable | 55,426,943.22 | 149,199,774.56 | 1,358,847,404.92 |
Total | 55,426,943.22 | 149,199,774.56 | 1,358,847,404.92 |
DecreasesforotherreasonswerethedecreasebyRMB2,185,240.25duetoexchangeratechangesandthedecreasebyRMB147,014,534.31duetothelossofcontrollingright.
(4)ActuallyVerifiedAccountsReceivableinthisYear
Item | Amountverified |
Actuallyverifiedaccountsreceivable | 55,426,943.22 |
Ofwhichtheverificationofsignificantaccountsreceivable:
Nameofentity | Nature | VerificationAmount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
EmpireElectronicCorp | Paymentforgoods | 38,320,705.92 | Expectedtobeunrecoverable | ApprovedbytheBoardofDirectors | No |
TreeviewBusinessRegistration | Paymentforgoods | 11,026,496.17 | Expectedtobeunrecoverable | ApprovedbytheBoardofDirectors | No |
Total | -- | 49,347,202.09 | -- | -- | -- |
(5)ReceivableswithTop5EndingBalanceCollectedbyArrearsPartyThetotalamountofreceivableswithtop5endingbalancecollectedbyarrearspartythisyearwasRMB1,353,797,907.99,accountingfor28.46%ofthetotalendingbalanceofaccounts
receivable.ThetotalendingbalanceofbaddebtprovisioncorrespondinglywithdrawnwasRMB463,558,838.60.
(6)AccountsReceivableDerecognizedduetotheTransferofFinancialAssets
Therewerenoaccountsreceivablederecognizedduetothetransferoffinancialassetsthisyear.
(7)AmountofAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofAccountsReceivable
Therewerenoassetsorliabilitiesformedduetothetransferandthecontinuedinvolvementofaccountsreceivablethisyear.
5.AccountsReceivableFinancing
Item
Item | Endingbalance | Openingbalance |
NotesReceivable | 71,490,688.54 | 84,057,197.44 |
Total | 71,490,688.54 | 84,057,197.44 |
6.Prepayments
(1)AgeofPrepayments
Item | Endingbalance | Openingbalance | ||
Amount | Proportion(%) | Amount | Proportion(%) | |
Within1year | 602,386,221.38 | 95.41 | 1,165,964,102.58 | 98.60 |
Onetotwoyears | 20,098,838.22 | 3.18 | 14,282,024.18 | 1.21 |
2to3years | 8,614,486.12 | 1.36 | 733,390.33 | 0.06 |
Over3years | 301,408.14 | 0.05 | 1,492,198.15 | 0.13 |
Total | 631,400,953.86 | 100.00 | 1,182,471,715.24 | 100.00 |
Note:Theamountofprepaymentsagedover1yearattheendoftheperiodisRMB29,014,732.48,accountingfor4.59%ofthetotalbalanceofprepaymentsoftheCompany,andconsistsmainlyofpaymentsforgoodsafloatorunsettledpayments.
(2)PrepaymentstoSuppliersfromTop5PrepaidPartiesClassifiedbasedontheEndingBalanceThetotalamountofprepaymentswithtop5endingbalancecollectedbyprepaidpartywasRMB217,058,081.10,accountingfor34.38%ofthetotalendingbalanceofprepayments.
7.OtherReceivables
Item
Item | Endingbalance | Openingbalance |
Interestsreceivable | 2,573,082.79 | 45,109,425.85 |
Dividendsreceivable | - | 4,947,848.62 |
OtherReceivables | 1,834,886,622.85 | 2,095,152,529.23 |
Total | 1,837,459,705.64 | 2,145,209,803.70 |
7.1InterestsReceivable
(1)CategoryofInterestsReceivable
Item | Endingbalance | Openingbalance |
Termdeposit | 2,002,526.91 | 10,235,673.76 |
Entrustedloans | - | 34,303,196.21 |
Factoringinterest | 570,555.88 | 570,555.88 |
Total | 2,573,082.79 | 45,109,425.85 |
(2)WithdrawalofBadDebtProvisionforInterestsReceivableTheCompanydidnothaveimpairedinterestsreceivable.
7.2DividendsReceivable
(1)CategoryofDividendsReceivable
Item(orinvestee) | Endingbalance | Openingbalance |
ChongqingQingjiaElectronicsCo.,Ltd. | - | 547,848.62 |
BinzhouBeihaiWeiqiaoSolidWasteTreatmentCo.,Ltd. | - | 4,400,000.00 |
Total | - | 4,947,848.62 |
7.3OtherReceivables
(1)ClassifiedbyAccountNature
Nature
Nature | Endingcarryingbalance | Openingcarryingbalance |
Depositandmargin | 1,356,193,440.22 | 1,641,653,623.68 |
Intercoursefundsamongminorityshareholdersinthebusinessconsolidationnotunderthesamecontrolandrelatedparties | 173,487,141.27 | 176,427,511.36 |
Energy-savingsubsidiesreceivable | 152,399,342.00 | 152,399,342.00 |
Disposalofnon-currentassets | 132,331,700.00 | |
Others | 1,489,929,312.88 | 638,804,307.66 |
Total | 3,172,009,236.37 | 2,741,616,484.70 |
(2)WithdrawalofBadDebtProvisionforOtherReceivables
Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
Balanceasat1January2021 | 22,563,051.40 | 60,086,857.29 | 563,814,046.78 | 646,463,955.47 |
Inthisyear,carryingamountofotherreceivableson1January2021 | -13,618,838.48 | 4,657,312.43 | 8,961,526.05 | |
-TransferredtothePhaseII | -9,301,126.07 | 9,301,126.07 | ||
-TransferredtothePhaseIII | -4,317,712.41 | -4,643,813.64 | 8,961,526.05 | |
-TransferredbacktothePhaseII | ||||
-TransferredbacktothePhaseI |
Baddebtprovision
Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
Amountwithdrawnthisyear | 8,441,937.69 | 122,358,083.55 | 564,715,095.80 | 695,515,117.04 |
Amounttransferredbackthisyear | ||||
Amountwritten-offthisyear | ||||
Amountverifiedthisyear | ||||
Otherchanges | 33,753.96 | -4,890,212.95 | -4,856,458.99 | |
Balanceasat31December2021 | 17,419,904.57 | 182,212,040.32 | 1,137,490,668.63 | 1,337,122,613.52 |
Note:Thefirststageisthatcreditriskhasnotincreasedsignificantlysinceinitialrecognition.Forotherreceivableswithanagingportfolioandalow-riskportfoliowithin1year,thelossprovisionismeasuredaccordingtotheexpectedcreditlossesinthenext12months.Thesecondstageisthatcreditriskhasincreasedsignificantlysinceinitialrecognitionbutcreditimpairmenthasnotyetoccurred.Forotherreceivableswithanagingportfolioandalow-riskportfoliothatexceed1year,thelossprovisionismeasuredbasedontheexpectedcreditlossesfortheentireduration.
Thethirdstageisthecreditimpairmentafterinitialconfirmation.Forotherreceivablesofcreditimpairmentthathaveoccurred,thelossprovisionismeasuredaccordingtothecreditlossesthathaveoccurredthroughouttheduration.
(3)WithdrawalofBadDebtProvisionforOtherReceivablesbyPortfolio
Category | Endingbalance | ||
Carryingbalance | Baddebtprovision | Carryingvalue |
Amount
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Otherreceivablesofexpectedcreditlosseswithdrawnindividually | 1,458,258,132.07 | 45.97 | 1,137,490,668.63 | 78.00 | 320,767,463.44 |
Otherreceivablesofbaddebtprovisionwithdrawnbycreditriskcharacteristicportfolio: | |||||
Agingportfolio | 1,494,744,336.27 | 47.13 | 188,949,294.11 | 12.64 | 1,305,795,042.16 |
Low-riskportfolio | 219,006,768.03 | 6.90 | 10,682,650.78 | 4.88 | 208,324,117.25 |
Subtotalofportfolios | 1,713,751,104.30 | 54.03 | 199,631,944.89 | 11.65 | 1,514,119,159.41 |
Total | 3,172,009,236.37 | 100.00 | 1,337,122,613.52 | 42.15 | 1,834,886,622.85 |
(continued)
Category | Beginningbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Otherreceivablesofexpectedcreditlosseswithdrawnindividually | 1,177,068,758.61 | 42.93 | 563,814,046.78 | 47.90 | 613,254,711.83 |
Otherreceivablesofbaddebtprovisionwithdrawnbycreditriskcharacteristicportfolio: | |||||
Agingportfolio | 1,327,676,325.32 | 48.43 | 73,662,861.99 | 5.55 | 1,254,013,463.33 |
Low-riskportfolio | 236,871,400.77 | 8.64 | 8,987,046.70 | 3.79 | 227,884,354.07 |
Subtotalofportfolios | 1,564,547,726.09 | 57.07 | 82,649,908.69 | 5.28 | 1,481,897,817.40 |
Total | 2,741,616,484.70 | 100.00 | 646,463,955.47 | 23.58 | 2,095,152,529.23 |
(4)OtherReceivablesListedbyAging
Aging | Endingbalance |
Within1year | 942,744,673.44 |
1to2years | 678,081,308.94 |
2to3years | 1,126,670,022.72 |
3to4years | 184,650,929.12 |
Aging
Aging | Endingbalance |
4to5years | 5,037,204.05 |
Over5years | 234,825,098.10 |
Subtotal | 3,172,009,236.37 |
Less:baddebtprovision | 1,337,122,613.52 |
Total | 1,834,886,622.85 |
(5)BadDebtProvisionforOtherReceivablesTheamountofbaddebtprovisionwithdrawnthisyearwasRMB695,515,117.04,mainlybecausetheexpectedcreditlossoftheadvanceddepositandqualityreparationsreceivableforthewholedurationwaswithdrawnbecausethesupplierofthesubsidiaryKonkaHuanjiawasinabnormalbusinessstatusandcouldnotmakedeliveryorrefundtheadvanceddepositintheshortterm.TherewasadecreaseamountingtoRMB4,895,694.21duetoalossofcontrollingrightoverthesubsidiaryandanincreaseamountingtoRMB39,235.22duetoexchangeratechanges.
(6)OtherReceivablesActuallyWrittenoffthisYearTherewerenootherreceivablesactuallywrittenoffthisyear.
(7)OtherReceivableswithTop5EndingBalancesCollectedbyArrearsPartyThetotalamountofotherreceivableswithtop5endingbalancecollectedbyarrearspartythisyearwasRMB1,472,043,115.59,accountingfor46.41%ofthetotalendingbalanceofotherreceivables.ThetotalendingbalanceofbaddebtprovisioncorrespondinglywithdrawnwasRMB387,846,005.52.
(8)OtherReceivablesDerecognizedduetotheTransferofFinancialAssetsTherewerenootherreceivablesderecognizedduetothetransferoffinancialassetsduringtheReportingPeriod.
(9)AmountofAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofOtherReceivables
TherewerenoassetsorliabilitiesformedduetothetransferandthecontinuedinvolvementofotherreceivablesduringtheReportingPeriod.
8.Inventories
(1)CategoryofInventories
Item
Item | Endingbalance | ||
Carryingbalance | Inventoryfallingpricereserves/impairmentprovisionofcontractperformancecosts | Carryingvalue | |
Rawmaterials | 1,297,747,452.36 | 56,921,789.83 | 1,240,825,662.53 |
Semi-finishedproducts | 188,626,889.60 | 36,212,915.54 | 152,413,974.06 |
Productsonhand | 2,925,212,679.95 | 252,742,763.86 | 2,672,469,916.09 |
Commissionedproducts | 2,574,097.17 | 2,574,097.17 | |
Contractperformancecosts | 254,159.33 | 254,159.33 | |
Total | 4,414,415,278.41 | 345,877,469.23 | 4,068,537,809.18 |
(continued)
Item | Openingbalance | ||
Carryingbalance | Inventoryfallingpricereserves/impairmentprovisionofcontractperformancecosts | Carryingvalue | |
Rawmaterials | 1,239,024,415.74 | 28,137,287.12 | 1,210,887,128.62 |
Semi-finishedproducts | 158,870,091.24 | 12,636,819.92 | 146,233,271.32 |
Productsonhand | 3,389,343,445.93 | 249,362,200.01 | 3,139,981,245.92 |
Commissionedproducts | 7,697,008.23 | 7,697,008.23 | |
Contractperformancecosts | 16,502,023.32 | 16,502,023.32 | |
Total | 4,811,436,984.46 | 290,136,307.05 | 4,521,300,677.41 |
(2)InventoryFallingPriceReservesandImpairmentProvisionofContractPerformanceCosts
Item | Openingbalance | Increaseinthisyear |
Withdrawnortransferredback
Withdrawnortransferredback | Others | ||
Rawmaterials | 28,137,287.12 | 35,600,375.66 | |
Semi-finishedproducts | 12,636,819.92 | 23,729,201.47 | |
Productsonhand | 249,362,200.01 | 100,690,732.50 | |
Commissionedproducts | - | ||
Contractperformancecosts | - | ||
Total | 290,136,307.05 | 160,020,309.63 |
(continued)
Item | Decreaseinthisyear | Endingbalance | |
Written-off | Others | ||
Rawmaterials | 6,781,713.50 | 34,159.45 | 56,921,789.83 |
Semi-finishedproducts | 153,105.85 | - | 36,212,915.54 |
Productsonhand | 97,250,171.95 | 59,996.70 | 252,742,763.86 |
Commissionedproducts | - | - | - |
Contractperformancecosts | - | - | - |
Total | 104,184,991.30 | 94,156.15 | 345,877,469.23 |
SpecificbasisfordeterminingtherealizablenetvalueandreasonsforinventoryfallingpricereservesandimpairmentprovisionforcontractperformancecoststransferredbackorwrittenoffduringtheReportingPeriod:
Item | Specificbasisforwithdrawalofinventoryfallingpricereserves | Reasonsforwrite-offofinventoryfallingpricereservesthisyear |
Rawmaterials | Therealizablenetvaluewaslowerthanthecarryingvalue | Theyhavebeensoldorcollectedthisyear |
Semi-finishedproducts | Therealizablenetvaluewaslowerthanthecarryingvalue | Theyhavebeensoldorcollectedthisyear |
Productsonhand | Therealizablenetvaluewaslowerthanthecarryingvalue | Theyhavebeensoldthisyear |
9.ContractualAssets
(1)DetailsofContractualAssets
Item
Item | Endingbalance | ||
Carryingbalance | Impairmentprovision | Carryingvalue | |
Accountsreceivablefromsettledbutconditionalpaymentprojects | - | - | - |
Unsettledadvertisingpayments | - | - | - |
Total | - | - | - |
(continued)
Item | Openingbalance | ||
Carryingbalance | Impairmentprovision | Carryingvalue | |
Accountsreceivablefromsettledbutconditionalpaymentprojects | 3,002,127,112.18 | 180,488,971.89 | 2,821,638,140.29 |
Unsettledadvertisingpayments | 49,375,837.18 | 1,007,267.08 | 48,368,570.10 |
Total | 3,051,502,949.36 | 181,496,238.97 | 2,870,006,710.39 |
(2)AmountandReasonsofSignificantChangesintheCarryingValueofContractualAssetsintheYear
Item | Changeinamount | Reason |
Accountsreceivablefromsettledbutconditionalpaymentprojects | -2,821,638,140.29 | Lossofcontrollingrightoverrelevantsubsidiariesduetoequitychanges |
Total | -2,821,638,140.29 | -- |
(3)WithdrawalofImpairmentProvisionforContractualAssetsthisYear
Item | Amountwithdrawnthisyear | Amounttransferredbackthisyear | Amountwrittenoff/verifiedthisyear | Decreaseforotherreasons | Reason |
Accounts | 12,120,669.80 | 168,368,302.09 | Lossofcontrolling |
Item
Item | Amountwithdrawnthisyear | Amounttransferredbackthisyear | Amountwrittenoff/verifiedthisyear | Decreaseforotherreasons | Reason |
receivablefromsettledbutconditionalpaymentprojects | rightoverrelevantsubsidiariesduetoequitychanges | ||||
Unsettledadvertisingpayments | 169,059.15 | 174,168.04 | 1,002,158.19 | Lossofcontrollingrightoverrelevantsubsidiariesduetoequitychanges | |
Total | 169,059.15 | 12,294,837.84 | 169,370,460.28 | - |
10.Non-currentAssetsDuewithinOneYear
Item | Endingbalance | Openingbalance | Nature |
Debtinvestmentsduewithinoneyear | 75,000,000.00 | Entrustmentloanstoassociatedenterprises | |
?Long-termreceivablesduewithinoneyear(SeeNoteVI-11fordetails.) | 28,105,523.78 | 37,310,158.82 | Financingleaseaccounts |
Total | 28,105,523.78 | 112,310,158.82 |
(1)Significantdebtobligationinvestment/otherdebtobligationinvestmentatthe
period-beginning
Company | Openingbalance | |||
Parvalue | Couponrate | Actualinterestrate | Maturitydate | |
YibinOCTSanjiangRealEstateCo.,Ltd. | 35,000,000.00 | 5.70% | 5.70% | 2021/4/24 |
Company
Company | Openingbalance | |||
Parvalue | Couponrate | Actualinterestrate | Maturitydate | |
YibinOCTSanjiangRealEstateCo.,Ltd. | 40,000,000.00 | 5.70% | 5.70% | 2021/10/24 |
Total | 75,000,000.00 |
11.OtherCurrentAssets
Item | Endingbalance | Openingbalance |
Principalandinterestofentrustedloanstojointventures | 1,624,197,904.35 | 826,684,400.00 |
Prepaidtaxes,deductibleinputtaxesandrefundoftaxforexportreceivable | 649,198,781.95 | 926,643,711.18 |
Temporarydifferencesininputtaxes | 148,183,307.23 | |
Refundcostsreceivable | 21,501,882.70 | 7,458,293.85 |
Others | 5,064,822.24 | 4,176,771.13 |
Total | 2,299,963,391.24 | 1,913,146,483.39 |
12.Long-termReceivables
(1)ListofLong-termReceivables
Item | Endingbalance | ||
Carryingbalance | Baddebtprovision | Carryingvalue | |
Financingleaseaccounts | 10,960,622.92 | - | 10,960,622.92 |
Ofwhich:unrealizedfinancingincome | 390,068.94 | - | 390,068.94 |
Cashdepositsoflong-termreceivables | 35,640,400.00 | - | 35,640,400.00 |
Long-termreceivablesofprojectswithfranchiserights | - | - | - |
Less:Long-termreceivablesduewithinoneyear | 28,105,523.78 | - | 28,105,523.78 |
(SeeNoteVI-11fordetails.) | |||
Total | 18,495,499.14 | - | 18,495,499.14 |
(continued)
Item
Item | Openingbalance | ||
Carryingbalance | Baddebtprovision | Carryingvalue | |
Financingleaseaccounts | 44,609,921.40 | - | 44,609,921.40 |
Ofwhich:unrealizedfinancingincome | 2,526,836.56 | - | 2,526,836.56 |
Cashdepositsoflong-termreceivables | 41,090,400.00 | - | 41,090,400.00 |
Long-termreceivablesofprojectswithfranchiserights | 351,107,041.45 | - | 351,107,041.45 |
Less:Long-termreceivablesduewithinoneyear(SeeNoteVI-11fordetails.) | 37,310,158.82 | - | 37,310,158.82 |
Total | 399,497,204.03 | - | 399,497,204.03 |
13.Long-termEquityInvestments
Investee
Investee | Openingbalance | Increase/decreasethisyear | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | 2,250,590.00 | 2,450,000.00 | - | - | 194,506.41 | - |
NanjingZhihuiguangInformationTechnologyResearchInstituteCo.,Ltd. | 1,573,831.23 | - | - | - | 68,961.84 | - |
FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | 10,671,986.45 | - | - | - | -203,430.62 | - |
ShenzhenKangyueEnterpriseCo.,Ltd. | 33,146,954.42 | - | - | - | -642,689.39 | - |
FoshanPearlRiverMediaCreativeParkCulturalDevelopmentCo.,Ltd. | 4,900,000.00 | - | - | - | -720,300.00 | - |
KangkaiTechnologyService(Chengdu)Co.,Ltd. | 254,670.00 | - | - | - | -25,738.36 | - |
PuchuangJiakangTechnologyCo,Ltd. | 1,399,457.69 | - | - | - | 1,263,178.57 | - |
KhorgosYilingfangInformationTechnologyCo.,Ltd. | 1,795.48 | - | - | - | -1,795.48 | - |
Investee
Investee | Openingbalance | Increase/decreasethisyear | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
ChongqingQingjiaElectronicsCo.,Ltd. | 18,801,653.84 | - | - | - | -3,767,312.71 | - |
ShenzhenJielunteTechnologyCo.,Ltd. | 89,187,905.40 | - | - | - | 5,090,449.51 | - |
PanxuIntelligenceCo.,Ltd. | 50,704,696.31 | - | - | - | 972,582.57 | 689,356.22 |
OrientExcellent(Zhuhai)AssetManagementCo.,Ltd. | 3,027,971.50 | - | - | - | 2,049,805.87 | - |
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | 336,170,619.84 | 140,110,271.00 | 34,987,244.76 | - | 26,345,141.30 | - |
TongxiangWuzhenKunyuEquityInvestmentCo.,Ltd. | 3,500,000.00 | - | - | - | 28,077.43 | - |
ShenzhenRF-LINKTechnologyCo.,Ltd. | 53,107,714.82 | - | - | - | -1,135,930.87 | - |
WeihaiWaterEnvironmentalProtectionTechnologyCo.,Ltd. | 2,526,483.15 | - | - | - | -204.72 | - |
WeihaiYihengEnvironmentalTechnologyCo.,Ltd. | 4,812,630.25 | - | - | - | -11,483.09 | - |
HuoqiuKangrunKaitianWaterEnvironmental | 52,434,987.50 | 12,435,012.50 | - | - | - | - |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
Investee
Investee | Openingbalance | Increase/decreasethisyear | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
ProtectionCo.,Ltd. | ||||||
HuarunEnvironmentalProtectionWaterTreatmentCo.,Ltd. | 17,316,442.28 | - | - | - | 746,613.71 | - |
BinzhouBeihaiWeiqiaoSolidWasteTreatmentCo.,Ltd. | 182,666,028.25 | - | - | - | 42,782,013.77 | - |
ShandongBishuiyuanEnvironmentalTechnologyCo.,Ltd. | 26,390,437.98 | - | - | - | 988,095.33 | - |
YunnanHongkangSolidWasteDisposalUtilizationCo.,Ltd. | 2,809,775.13 | - | - | - | -275,183.57 | - |
AnhuiKaikaiShijieE-commerceCo.,Ltd. | 419,065,032.33 | - | - | - | -343,726.37 | - |
WanjunTechnology(Kunshan)Co.,Ltd. | 175,204,642.85 | - | 173,158,177.02 | - | -2,046,465.83 | - |
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 269,673,264.00 | - | - | - | 47,428,605.51 | - |
ChutianDragonCo.,Ltd. | 650,206,807.02 | - | - | - | 4,003,819.91 | - |
HelongjiangLongkangZhijia | 1,060,725.79 | - | - | - | 56,805.53 | - |
Investee
Investee | Openingbalance | Increase/decreasethisyear | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
TechnologyCo.,Ltd. | ||||||
KonkaGreen,KonkaTechnology | 75,261,304.56 | - | 75,261,304.56 | - | - | - |
ShaanxiSiluYunqiSmartTechnologyCo.,Ltd. | 17,649,295.81 | - | - | - | -3,536,068.23 | - |
ShenzhenKanghongxingSmartTechnologyCo.,Ltd. | - | - | - | - | - | - |
ShenzhenZhongbingKonkaTechnologyCo.,Ltd. | 2,214,307.33 | - | - | - | -2,214,307.33 | - |
ShenzhenBosserNewMaterialsCo.,Ltd. | 58,400,000.00 | - | - | - | 2,053,041.59 | - |
ShenzhenYaodeTechnologyCo.,Ltd. | 219,357,772.76 | - | - | - | -4,798,303.41 | - |
WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 304,654,243.69 | - | - | - | 20,991,597.22 | - |
ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 49,658,397.02 | - | - | - | - | - |
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 118,122,798.37 | - | - | - | - | - |
Investee
Investee | Openingbalance | Increase/decreasethisyear | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
HaimenKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | 120,729,335.67 | - | - | - | -4,434,526.73 | - |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 187,180,000.00 | - | - | - | -1,902,411.75 | - |
DongguanKonkaInvestmentCo.,Ltd. | 563,500,000.00 | - | - | - | -24,396,079.70 | - |
ChongqingChengdaRealEstateCo.,Ltd.(EnglishnamefoundontheInternet.) | 29,205,000.00 | - | 28,901,627.59 | - | -303,372.41 | - |
ShenzhenMorsemiSemiconductorTechnologyCo.,Ltd. | 2,723,686.36 | - | - | - | -327,937.63 | - |
ShandongEconTechnologyCo.,Ltd. | - | - | - | 1,024,944,000.00 | - | - |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | - | - | - | 6,920,620.00 | - | - |
ShenzhenE2infoNetworkTechnologyCo.,Ltd. | - | - | - | 1,021,011,302.04 | - | - |
Investee
Investee | Openingbalance | Increase/decreasethisyear | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | - | 9,180,000.00 | - | 69,020,000.00 | -1,478,735.09 | - |
E3(Hainan)TechnologyCo.,Ltd. | 58,715,678.97 | - | - | - | - | - |
ShenzhenKonkaJiapinIntelligentElectricalApparatusCo.,Ltd. | 3,973,386.95 | - | - | - | -51,598.78 | - |
ShenzhenKondaE-displayCo.,Ltd. | 81,955,858.27 | - | - | - | 974,662.35 | - |
ChongqingYuanlvBenpaoRealEstateCo.,Ltd. | 49,500,000.00 | - | - | - | -16,040,179.15 | - |
ShenzhenKangxinPropertyCo.,Ltd. | - | 25,500,000.00 | 25,500,000.00 | - | - | - |
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | - | 9,000,000.00 | - | - | -3,297,481.80 | - |
YantaiKangtangConstructionDevelopmentCo.,Ltd. | 19,020.00 | - | - | - | -1,279.51 | - |
DongguanKangzhihuiElectronicsCo.,Ltd. | 16,172,903.60 | 9,800,000.00 | - | - | -2,444,679.14 | - |
SichuanHuayiJiakangTechnologyCo.,Ltd. | - | 400,000.00 | - | - | -60,106.68 | - |
Investee
Investee | Openingbalance | Increase/decreasethisyear | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
SichuanAimijiakangTechnologyCo.,Ltd. | - | 2,000,000.00 | - | - | 138.36 | - |
BeijingKonkaJingyuanTechnologyCo.,Ltd. | 766,290.97 | - | - | - | - | - |
ChongqingLiangshanEnterpriseManagementCo.,Ltd. | - | 50,000.00 | - | - | 3,673.48 | - |
ShenzhenKangeneTechnologyInnovationDevelopmentCo.,Ltd. | - | 900,000.00 | - | - | 7,025.65 | - |
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | 2,148,063.47 | - | - | - | -669,374.01 | - |
HenanKangfeiIntelligentElectricalAppliancesCo.,Ltd. | 1,059,137.34 | 682,000.00 | - | - | 91,510.20 | - |
DalianXinguanTechnologyCo.,Ltd. | - | 50,000,000.00 | - | - | -2,490,505.08 | - |
GuangdongKangyuanSemiconductorCo.,Ltd. | - | 6,680,000.00 | - | - | 196,309.08 | 2,338,000.00 |
ChongqingKangyiqingTechnologyCo.,Ltd. | - | 1,000,000.00 | - | - | -204,914.87 | - |
Investee
Investee | Openingbalance | Increase/decreasethisyear | ||||
Additionalinvestment | Investmentreduced | Costmethodtoequitymethod | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd. | - | 11,000,000.00 | - | - | 416,062.86 | - |
KKSmartechLimited | 1,441,263.59 | |||||
ShenzhenKonkaElectricalAppliancesCo.,Ltd. | 1.00 | |||||
Total | 4,375,833,584.65 | 281,187,283.50 | 337,808,353.93 | 2,123,337,186.63 | 78,926,555.74 | 3,027,356.22 |
(continued)
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | - | - | - | - | 4,895,096.41 | - |
NanjingZhihuiguangInformationTechnologyResearchInstituteCo.,Ltd. | - | - | - | - | 1,642,793.07 | - |
FeidiTechnology(Shenzhen) | - | - | - | - | 10,468,555.83 | - |
Investee
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
Co.,Ltd.anditssubsidiaries | ||||||
ShenzhenKangyueEnterpriseCo.,Ltd. | - | - | - | - | 32,504,265.03 | - |
FoshanPearlRiverMediaCreativeParkCulturalDevelopmentCo.,Ltd. | - | - | - | - | 4,179,700.00 | - |
KangkaiTechnologyService(Chengdu)Co.,Ltd. | - | - | - | - | 228,931.64 | - |
PuchuangJiakangTechnologyCo,Ltd. | - | 826,052.90 | - | - | 1,836,583.36 | - |
KhorgosYilingfangInformationTechnologyCo.,Ltd. | - | - | - | - | - | - |
ChongqingQingjiaElectronicsCo.,Ltd. | - | - | - | - | 15,034,341.13 | - |
ShenzhenJielunteTechnologyCo.,Ltd. | - | - | - | - | 94,278,354.91 | - |
PanxuIntelligenceCo.,Ltd. | - | - | - | - | 52,366,635.10 | - |
OrientExcellent(Zhuhai)AssetManagementCo.,Ltd. | - | - | - | - | 5,077,777.37 | - |
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | - | - | - | - | 467,638,787.38 | - |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
Investee
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
TongxiangWuzhenKunyuEquityInvestmentCo.,Ltd. | - | - | - | - | 3,528,077.43 | - |
ShenzhenXiaoruiTechnologyCo.,Ltd. | - | - | 51,971,783.95 | - | - | 85,656,027.35 |
WeihaiWaterEnvironmentalProtectionTechnologyCo.,Ltd. | - | - | - | -2,526,278.43 | - | - |
WeihaiYihengEnvironmentalTechnologyCo.,Ltd. | - | - | - | -4,801,147.16 | - | - |
HuoqiuKangrunKaitianWaterEnvironmentalProtectionCo.,Ltd. | - | - | - | -64,870,000.00 | - | - |
HuarunEnvironmentalProtectionWaterTreatmentCo.,Ltd. | - | - | - | -18,063,055.99 | - | - |
BinzhouBeihaiWeiqiaoSolidWasteTreatmentCo.,Ltd. | - | - | - | -225,448,042.02 | - | - |
ShandongBishuiyuanEnvironmentalTechnologyCo.,Ltd. | - | - | - | -27,378,533.31 | - | - |
YunnanHongkangSolidWasteDisposalUtilizationCo.,Ltd. | - | - | - | -2,534,591.56 | - | - |
Investee
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
AnhuiKaikaiShijieE-commerceCo.,Ltd. | - | - | - | 418,721,305.96 | - | |
WanjunTechnology(Kunshan)Co.,Ltd. | - | - | - | - | - | - |
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | - | - | - | - | 317,101,869.51 | - |
ChutianDragonCo.,Ltd. | - | 6,720,000.00 | - | - | 647,490,626.93 | - |
HelongjiangLongkangZhijiaTechnologyCo.,Ltd. | - | - | - | - | 1,117,531.32 | 2,470,398.03 |
KonkaGreen,KonkaTechnology | - | - | - | - | - | - |
ShaanxiSilkRoadCloudIntelligentTechCo.,Ltd. | - | - | - | - | 14,113,227.58 | - |
ShenzhenKanghongxingSmartTechnologyCo.,Ltd. | - | - | - | - | - | 12,660,222.73 |
ShenzhenZhongbinKonkaTechnologyCo.,Ltd. | - | - | - | - | - | - |
ShenzhenBosserNewMaterialsCo.,Ltd. | - | - | - | - | 60,453,041.59 | 18,536,771.07 |
ShenzhenYaodeTechnologyCo.,Ltd. | - | - | 214,559,469.35 | - | 214,559,469.35 |
Investee
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | - | - | - | - | 325,645,840.91 | - |
ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | - | - | - | - | 49,658,397.02 | - |
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | - | - | - | - | 118,122,798.37 | - |
HaimenKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | - | - | - | - | 116,294,808.94 | - |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | - | - | - | - | 185,277,588.25 | - |
DongguanKonkaInvestmentCo.,Ltd. | - | - | - | - | 539,103,920.30 | - |
ChongqingChengdaiRealEstateCo.,Ltd.(EnglishnamefoundontheInternet.) | - | - | - | - | - | - |
ShenzhenMorsemiSemiconductorTechnologyCo.,Ltd. | - | - | - | - | 2,395,748.73 | - |
Investee
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
ShandongEconTechnologyCo.,Ltd. | - | - | - | - | 1,024,944,000.00 | - |
DongguanKangjiaNewMaterialsCo.,Ltd. | - | - | - | - | 6,920,620.00 | - |
ShenzhenE2infoNetworkTechnologyCo.,Ltd. | - | - | - | -2,215,717.63 | 1,018,795,584.41 | - |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | - | - | - | - | 76,721,264.91 | - |
E3(Hainan)TechnologyCo.,Ltd. | - | - | - | - | 58,715,678.97 | - |
ShenzhenKonkaJiapinIntelligentElectricalApparatusCo.,Ltd. | - | - | - | 3,921,788.17 | - | |
ShenzhenKondaE-displayCo.,Ltd. | - | - | - | 82,930,520.62 | - | |
ChongqingYuanlvBenpaoRealEstateCo.,Ltd. | - | - | - | - | 33,459,820.85 | - |
ShenzhenKangxinPropertyCo.,Ltd. | - | - | - | - | - | - |
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | - | - | - | - | 5,702,518.20 | - |
YantaiKangtangConstructionDevelopmentCo.,Ltd. | - | - | - | - | 17,740.49 | - |
Investee
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
DongguanKangzhihuiElectronicsCo.,Ltd. | - | - | - | - | 23,528,224.46 | - |
SichuanHuayiJiakangTechnologyCo.,Ltd. | - | - | - | - | 339,893.32 | - |
SichuanAimijiakangTechnologyCo.,Ltd. | - | - | - | - | 2,000,138.36 | - |
BeijingKonkaJingyuanTechnologyCo.,Ltd. | - | - | - | - | 766,290.97 | - |
ChongqingLiangshanEnterpriseManagementCo.,Ltd. | - | - | - | - | 53,673.48 | - |
ShenzhenKangeneTechnologyInnovationDevelopmentCo.,Ltd. | - | - | - | - | 907,025.65 | - |
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | - | - | - | - | 1,478,689.46 | - |
HenanKangfeiIntelligentElectricalAppliancesCo.,Ltd. | - | - | - | 1,832,647.54 | - | |
DalianXinguanTechnologyCo.,Ltd. | - | - | - | - | 47,509,494.92 | - |
GuangdongKangyuanSemiconductorCo.,Ltd. | - | - | - | - | 9,214,309.08 | - |
ChongqingKangyiqing | - | - | - | - | 795,085.13 | - |
Investee
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofimpairmentprovision | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | |||
TechnologyCo.,Ltd. | ||||||
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd. | - | - | - | - | 11,416,062.86 | - |
KKSmartechLimited | - | - | - | - | 1,441,263.59 | - |
ShenzhenKonkaElectricalAppliancesCo.,Ltd. | 1.00 | 10,732,484.69 | ||||
Total | 7,546,052.90 | 266,531,254.30 | -347,837,366.10 | 5,902,588,939.51 | 344,615,373.22 |
Note:OtherchangesintheyearwereprimarilydrivenbythedisposalofpartoftheequityinterestsheldinShandongEconTechnologyCo.,Ltd.andShenzhenE2infoNetworkTechnologyCo.,Ltd.
14.InvestmentinOtherEquityInstruments
(1)InvestmentinOtherEquityInstruments
Item | Endingbalance | Openingbalance |
ShenzhenTianyilianScience&TechnologyCo.,Ltd. | - | - |
ShenzhenAdoptNetworkCo.,Ltd. | - | - |
AVO | 5,901,121.80 | 5,901,121.80 |
ShaoyangHaishangEcologicalAgriculturalTechnologyCo.,Ltd. | - | 1,501,956.00 |
FeihongElectronicsCo.,Ltd. | - | - |
ZAEFI | - | - |
ShenzhenChuangceInvestmentDevelopmentCo.,Ltd. | - | - |
Item
Item | Endingbalance | Openingbalance |
ShanlianInformationTechnologyEngineeringCenter | 1,860,809.20 | 1,860,809.20 |
ShenzhenCIUScience&TechnologyCo.,Ltd. | 953,000.00 | 953,000.00 |
ShenzhenDigitalTVNationalEngineeringLaboratoryCo.,Ltd. | 7,726,405.16 | 7,726,405.16 |
ShanghaiNationalEngineeringResearchCenterofDigitalTVCo.,Ltd. | 2,400,000.00 | 2,400,000.00 |
BohuUHD | 5,000,001.00 | 5,000,001.00 |
Total | 23,841,337.16 | 25,343,293.16 |
(2)InvestmentinNon-tradingEquityInstrumentsinthisYear
Item | Dividendincomerecognizedthisyear | Accumulativegains | Accumulativelosses | Amountofothercomprehensiveincometransferredtoretainedearnings | Reasonforassigningtomeasureinfairvalueofwhichchangesincludedothercomprehensiveincome | Reasonforothercomprehensiveincometransferredtoretainedearnings |
ShenzhenTianyilianScience&TechnologyCo.,Ltd. | - | - | 4,800,000.00 | - | Long-termholdingbasedonstrategicpurpose | |
ShenzhenAdoptNetworkCo.,Ltd. | - | - | 5,750,000.00 | - | Long-termholdingbasedonstrategicpurpose | |
AVO | - | - | 98,878.20 | - | Long-termholdingbasedonstrategicpurpose | |
FeihongElectronicsCo.,Ltd. | - | - | 1,300,000.00 | - | Long-termholdingbasedonstrategicpurpose | |
ZAEFI | - | - | 100,000.00 | - | Long-termholdingbasedonstrategicpurpose | |
ShenzhenChuangceInvestmentDevelopmentCo.,Ltd. | - | - | 485,000.00 | - | Long-termholdingbasedonstrategicpurpose |
Item
Item | Dividendincomerecognizedthisyear | Accumulativegains | Accumulativelosses | Amountofothercomprehensiveincometransferredtoretainedearnings | Reasonforassigningtomeasureinfairvalueofwhichchangesincludedothercomprehensiveincome | Reasonforothercomprehensiveincometransferredtoretainedearnings |
ShanlianInformationTechnologyEngineeringCenter | - | - | 3,139,190.80 | - | Long-termholdingbasedonstrategicpurpose | |
ShenzhenCIUScience&TechnologyCo.,Ltd. | - | - | 200,000.00 | - | Long-termholdingbasedonstrategicpurpose | |
ShenzhenDigitalTVNationalEngineeringLaboratoryCo.,Ltd. | - | - | 1,273,594.84 | - | Long-termholdingbasedonstrategicpurpose | |
ShanghaiNationalEngineeringResearchCenterofDigitalTVCo.,Ltd. | - | - | - | - | Long-termholdingbasedonstrategicpurpose | |
BohuUHD | - | - | - | - | Long-termholdingbasedonstrategicpurpose | |
Total | 17,146,663.84 |
15.OtherNon-currentFinancialAssets
Item
Item | Endingbalance | Openingbalance |
ChinaAssetManagement-JiayiOverseasDesignatedPlan | 200,326,093.02 | 203,000,000.00 |
HunanWanrongTechnologyCo.,Ltd. | 47,230,000.00 | |
YibinOCTSanjiangPropertiesCo.,Ltd. | 200,000,000.00 | 200,000,000.00 |
YiliEcologicalRestorationCo.,Ltd. | 90,000,000.00 | 90,000,000.00 |
KunshanXinjiaEmergingIndustryEquityInvestmentFundPartnership(LimitedPartnership) | 88,186,078.16 | 13,028,268.90 |
ShenzhenKanghongDongshengInvestmentPartnership(LimitedPartnership) | 17,754,800.00 | |
TongxiangWuzhenJiayuDigitalEconomyIndustryEquityInvestmentPartnership(LimitedPartnership) | 118,266,889.53 | 40,000,000.00 |
YibinKanghuiElectronicInformationIndustryEquityInvestmentPartnership(LimitedPartnership) | 116,086,430.82 | 4,000,000.00 |
ChuzhouJiachenInformationTechnologyConsultingServicePartnership(LimitedPartnership) | 52,200,130.13 | 49,200,000.00 |
YanchengKangyanInformationIndustryInvestmentPartnership(LimitedPartnership) | 225,680,330.93 | 1,050,000.00 |
ChongqingKangxinEquityInvestmentFundLimitedPartnership(LimitedPartnership) | 100,882,805.61 | |
ShenzhenKanghuijiaTechnologyCo.,Ltd. | 9,273.31 | |
Subtotalofequityinvestments | 1,191,638,031.51 | 665,263,068.90 |
ChuzhouHuikeSmartHouseholdAppliancesIndustryInvestmentPartnership(LimitedPartnership) | 890,768,440.22 | 1,049,891,727.86 |
NingboYuanqingNo.9InvestmentPartnership | 134,671,492.89 | 98,000,000.00 |
ShenzhenBeihuTechnologyPartnership(LimitedPartnership) | 58,000,000.00 | 65,000,000.00 |
HenanChuangxinEnterpriseManagementCenter(LimitedPartnership) | 18,283,639.06 | |
Subtotalofdebtinvestments | 1,101,723,572.17 | 1,212,891,727.86 |
Total | 2,293,361,603.68 | 1,878,154,796.76 |
16.InvestmentProperties
(1)InvestmentPropertiesMeasuredatCost
Item | Houses,buildingsandlands | Total |
I.Originalcarryingvalue |
1.Openingbalance
1.Openingbalance | 600,562,678.71 | 600,562,678.71 |
2.Increasedamountthisyear | 332,797,684.89 | 332,797,684.89 |
(1)Outsourcing | ||
(2)Fixedassets\constructioninprogress\transferofintangibleassets | 332,797,684.89 | 332,797,684.89 |
3.Decreasedamountthisyear | 61,787,729.96 | 61,787,729.96 |
(1)Disposal | 54,616.68 | 54,616.68 |
(2)Othertransfer | 61,733,113.28 | 61,733,113.28 |
4.Endingbalance | 871,572,633.64 | 871,572,633.64 |
II.Accumulativedepreciationandaccumulativeamortization | ||
1.Openingbalance | 61,977,010.42 | 61,977,010.42 |
2.Increasedamountthisyear | 33,070,561.68 | 33,070,561.68 |
(1)Withdrawaloramortization | 33,070,561.68 | 33,070,561.68 |
3.Decreasedamountthisyear | ||
(1)Disposal | ||
(2)Othertransfer | ||
4.Endingbalance | 95,047,572.10 | 95,047,572.10 |
III.Impairmentprovision | ||
1.Openingbalance | ||
2.Increasedamountthisyear | ||
(1)Withdrawal | ||
3.Decreasedamountthisyear | ||
(1)Disposal | ||
(2)Othertransfer | ||
4.Endingbalance | ||
IV.Carryingvalue | ||
1.Endingcarryingvalue | 776,525,061.54 | 776,525,061.54 |
2.Openingcarryingvalue | 538,585,668.29 | 538,585,668.29 |
Note:IncreasedinvestmentpropertiesduringtheReportingPeriodweremainlythecompletionofthestandardelectronicproductplantsinSunningandtheleasingofKonkaR&DBuildingandKonkaGuangmingPhaseI.
(2)InvestmentPropertiesMeasuredatFairValueTheCompanyhadnoinvestmentpropertiesmeasuredatfairvalue.
(3)InvestmentPropertiesintheProcessofTitleCertificateHandling
Item
Item | Carryingvalue | Reason |
KonkaStandardElectronicProductPlantsProjectinSunning | 270,003,656.74 | Settlementoftheprojectisunderway,andthecertificatecanbehandledonlyafterthesettlement |
Total | 270,003,656.74 |
17.FixedAssets
Item
Item | Endingcarryingvalue | Openingcarryingvalue |
FixedAssets | 4,010,295,277.14 | 3,178,642,017.84 |
Fixedassetspendingfordisposal | ||
Total | 4,010,295,277.14 | 3,178,642,017.84 |
17.1FixedAssets
(1)ListofFixedAssets
Item | Housesandbuildings | Machineryequipment | Electronicequipment | Transportationequipment | Othermachinery | Total |
I.Originalcarryingvalue | ||||||
1.Openingbalance | 1,885,131,717.55 | 2,691,194,912.55 | 206,926,929.73 | 64,942,921.83 | 298,050,533.07 | 5,146,247,014.73 |
2.Increasedamountoftheperiod | 747,463,581.71 | 598,987,872.48 | 54,971,154.22 | 7,383,197.28 | 83,569,190.22 | 1,492,374,995.91 |
(1)Purchase | 23,176,329.89 | 202,511,422.79 | 17,132,620.17 | 4,817,230.38 | 41,483,391.42 | 289,120,994.65 |
(2)Transferfromconstructioninprogress | 687,626,571.25 | 366,111,215.51 | 3,083,729.72 | 3,529,543.51 | 1,060,351,059.99 | |
(3)Increasethroughconsolidation | ||||||
(4)Othertransfer-in | 36,660,680.57 | 30,365,234.18 | 34,754,804.33 | 2,565,966.90 | 38,556,255.29 | 142,902,941.27 |
3.Decreasedamountoftheperiod | 103,189,725.08 | 323,728,378.86 | 21,543,297.01 | 13,003,569.20 | 30,533,419.44 | 491,998,389.59 |
Item
Item | Housesandbuildings | Machineryequipment | Electronicequipment | Transportationequipment | Othermachinery | Total |
(1)Disposalorscrap | 5,231,055.93 | 45,353,981.19 | 10,565,683.61 | 5,898,772.81 | 13,804,445.58 | 80,853,939.12 |
(2)Decreaseforlossofcontrollingright | 139,602.28 | 44,036,284.05 | 10,910,647.21 | 6,833,720.27 | 16,132,664.05 | 78,052,917.86 |
(3)Otherdecreases | 97,819,066.87 | 234,338,113.62 | 66,966.19 | 271,076.12 | 596,309.81 | 333,091,532.61 |
4.Endingbalance | 2,529,405,574.18 | 2,966,454,406.17 | 240,354,786.94 | 59,322,549.91 | 351,086,303.85 | 6,146,623,621.05 |
II.Accumulativedepreciation | ||||||
1.Openingbalance | 501,722,343.90 | 1,044,306,408.80 | 148,018,198.44 | 43,570,055.60 | 160,664,350.97 | 1,898,281,357.71 |
2.Increasedamountoftheperiod | 107,232,513.69 | 241,792,461.06 | 23,450,081.32 | 7,341,113.50 | 66,792,412.72 | 446,608,582.29 |
(1)Withdrawal | 75,186,469.65 | 217,860,811.10 | 20,186,053.93 | 5,709,490.07 | 37,504,367.32 | 356,447,192.07 |
(2)Increasethroughconsolidation | ||||||
(3)Otherincrease | 32,046,044.04 | 23,931,649.96 | 3,264,027.39 | 1,631,623.43 | 29,288,045.40 | 90,161,390.22 |
3.Decreasedamountoftheperiod | 14,966,851.72 | 203,053,799.11 | 14,146,191.26 | 10,317,892.91 | 16,570,436.96 | 259,055,171.96 |
(1)Disposalorscrap | 2,460,730.60 | 33,390,052.55 | 8,124,151.19 | 4,694,647.90 | 12,470,414.81 | 61,139,997.05 |
(2)Decreaseforlossofcontrollingright | 16,119.17 | 6,304,330.72 | 5,991,049.92 | 5,379,276.50 | 3,726,629.35 | 21,417,405.66 |
(3)Otherdecreasess | 12,490,001.95 | 163,359,415.84 | 30,990.15 | 243,968.51 | 373,392.80 | 176,497,769.25 |
4.Endingbalance | 593,988,005.87 | 1,083,045,070.75 | 157,322,088.50 | 40,593,276.19 | 210,886,326.73 | 2,085,834,768.04 |
III.Impairmentprovision | ||||||
1.Openingbalance | 1,247,805.91 | 64,440,684.26 | 1,221,230.02 | 820,215.24 | 1,593,703.75 | 69,323,639.18 |
Item
Item | Housesandbuildings | Machineryequipment | Electronicequipment | Transportationequipment | Othermachinery | Total |
2.Increasedamountoftheperiod | 554.90 | 3,769,566.23 | 3,770,121.13 | |||
(1)Withdrawal | 554.90 | 3,769,566.23 | 3,770,121.13 | |||
3.Decreasedamountoftheperiod | 21,730,263.78 | 582,833.08 | 287,087.58 | 22,600,184.44 | ||
(1)Disposalorscrap | 154,669.23 | 582,833.08 | 287,087.58 | 1,024,589.89 | ||
(2)Otherdecrease | 21,575,594.55 | 21,575,594.55 | ||||
4.Endingbalance | 1,247,805.91 | 42,710,420.48 | 638,396.94 | 820,770.14 | 5,076,182.40 | 50,493,575.87 |
IV.Carryingvalue | ||||||
1.Endingcarryingvalue | 1,934,169,762.40 | 1,840,698,914.94 | 82,394,301.50 | 17,908,503.58 | 135,123,794.72 | 4,010,295,277.14 |
2.Openingcarryingvalue | 1,382,161,567.74 | 1,582,447,819.49 | 57,687,501.27 | 20,552,650.99 | 135,792,478.35 | 3,178,642,017.84 |
(2)ListofTemporarilyIdleFixedAssets
Item | Originalcarryingvalue | Accumulateddepreciation | Impairmentprovision | Carryingvalue |
Machineryequipment | 17,041,149.12 | 5,223,857.55 | 1,865,587.15 | 9,951,704.42 |
Electronicequipment | 5,671,716.15 | 4,775,819.96 | 895,896.19 | |
Transportationequipment | 1,178,824.54 | 625,453.85 | 553,370.69 | |
Housesandbuildings | 449,070.15 | 212,185.58 | 236,884.57 | |
Othermachinery | 823,781.87 | 597,392.41 | 26,675.22 | 199,714.24 |
Total | 25,164,541.83 | 11,434,709.35 | 1,892,262.37 | 11,837,570.11 |
(3)FixedAssetsLeasedoutfromOperationLease
Item
Item | Endingcarryingvalue |
Electronicequipment | 1,311,285.57 |
Machineryequipment | 29,247,353.48 |
Othermachinery | 853,544.46 |
Transportationequipment | 124,896.85 |
Total | 31,537,080.36 |
(4)DetailsofFixedAssetsFailedtoAccomplishCertificationofProperty
Item | Originalcarryingvalue | Accumulateddepreciation | Impairmentprovision | Netcarryingvalue | Reason |
Ankang'splants | 601,722,965.12 | 5,987,778.99 | 595,735,186.13 | Beinghandled | |
Bokang'sphaseIIplantsonthesecondandthirdfloorsforprintedboards | 33,584,624.73 | 1,007,538.74 | 32,577,085.99 | Beinghandled | |
JingyuanBuildingproperty | 20,018,497.00 | 9,995,767.10 | 10,022,729.90 | Beinghandled | |
YikangBuildingproperty | 76,610,752.33 | 38,628,558.56 | 37,982,193.77 | Beinghandled | |
Total | 731,936,839.18 | 55,619,643.39 | 676,317,195.79 |
(5)FixedAssetswithRestrictedOwnershiporUseRight
Item | Endingcarryingvalue | Reasonforrestriction |
HousingandbuildingsofAnhuiTongchuang | 150,091,063.96 | Mortgagedforbilling |
MachineryequipmentofJiangxiKonka | 67,373,098.34 | Financingleasemortgage |
Item
Item | Endingcarryingvalue | Reasonforrestriction |
MachineryequipmentofXinfengMicrocrystalline | 116,453,348.49 | Financeleasemortgage |
HousingandbuildingsofFrestecRefrigeration | 90,148,714.56 | Mortgageloan |
BuildingsofKonkaGroup | 78,862,102.73 | Mortgageloan |
HousingandbuildingsofXingDaHongYe | 37,524,443.44 | Mortgageloan |
AnhuiKonka'sbuildings | 627,976,948.44 | Mortgageloan |
MachineryequipmentofXingdaHongye | 20,620,198.66 | Financeleasemortgage |
MachineryequipmentofBoluoKonkaPrecision | 26,795,319.00 | Financeleasemortgage |
PlantsofBoluoKonka | 1,201,869.53 | Mortgageloan |
HousingandbuildingsofJiangxiKonka | 3,264,900.79 | Originalshareholders’guaranteemortgage |
SmartmachineryequipmentandotherequipmentofJiangsuKonka | 40,781,730.40 | Mortgageloan |
Total | 1,261,093,738.34 |
18.Constructioninprogress
Item | Endingbalance | Openingbalance |
Constructioninprogress | 1,490,777,831.39 | 9,236,643,931.68 |
Total | 1,490,777,831.39 | 9,236,643,931.68 |
18.1.ConstructioninProgress
(1)ListofConstructioninProgress
Item | Endingbalance | Openingbalance | ||||
Carryingbalance | Impairment | Carryingvalue | Carryingbalance | Impairment | Carryingvalue |
provision
provision | provision | |||||
InfrastructureProjectofChongqingKonkaSemiconductorOptoelectronicsResearchInstitute(PartIandPartII) | 319,259,613.46 | 319,259,613.46 | 63,294,064.44 | 63,294,064.44 | ||
GuangmingProject | 282,501,390.70 | 282,501,390.70 | 122,764,816.91 | 122,764,816.91 | ||
JiangxiHigh-permeabilityCrystalizationKiln | 246,576,748.57 | 246,576,748.57 | 240,481,715.66 | 240,481,715.66 | ||
DongguanKonkaNewIndustrialPark | 163,155,903.72 | 163,155,903.72 | 21,895,757.72 | 21,895,757.72 | ||
ConstructionofSuiningElectronicIndustrialParkWorkshops | 112,187,404.92 | 112,187,404.92 | 185,205,457.46 | 185,205,457.46 | ||
R&DequipmentconstructionprojectofChongqingOptoelectronicTechnologyResearchInstitute | 26,273,554.58 | 26,273,554.58 | 129,766,743.81 | 129,766,743.81 | ||
AnkangSmartPlant | 3,671,474.97 | 3,671,474.97 | 549,848,298.86 | 549,848,298.86 | ||
Otherprojects | 337,479,326.68 | 327,586.21 | 337,151,740.47 | 7,923,387,076.82 | 7,923,387,076.82 | |
Total | 1,491,105,417.60 | 327,586.21 | 1,490,777,831.39 | 9,236,643,931.68 | 9,236,643,931.68 |
(2)ChangesofSignificantConstructioninProgressthisYear
Nameofitem
Nameofitem | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | |
Transferredtolong-termassets | Otherdecrease | ||||
InfrastructureProjectofChongqingKonkaSemiconductorOptoelectronicsResearchInstitute(PartIandPartII) | 63,294,064.44 | 255,965,549.02 | 319,259,613.46 | ||
GuangmingProject | 122,764,816.91 | 160,025,587.72 | 289,013.93 | 282,501,390.70 | |
JiangxiHigh-permeabilityCrystalizationKiln | 240,481,715.66 | 6,095,032.91 | 246,576,748.57 | ||
DongguanKonkaNewIndustrialPark | 21,895,757.72 | 141,260,146.00 | 163,155,903.72 | ||
ConstructionofSuiningElectronicIndustrialParkWorkshops | 185,205,457.46 | 133,397,931.34 | 206,415,983.88 | 112,187,404.92 | |
R&DequipmentconstructionprojectofChongqingOptoelectronicTechnologyResearchInstitute | 129,766,743.81 | 56,490,559.99 | 155,425,985.52 | 4,557,763.70 | 26,273,554.58 |
AnkangSmartPlant | 549,848,298.86 | 88,883,295.73 | 635,060,119.62 | 3,671,474.97 | |
Total | 1,313,256,854.86 | 842,118,102.71 | 996,902,089.02 | 4,846,777.63 | 1,153,626,090.92 |
Note:Changesinimportantconstructioninprogressthisyear.ThebalanceoftheconstructioninprogressofShandongEconprojectatthebeginningofthe
periodwasRMB7,632million,whilethebalanceattheendoftheyearwasRMB0.ItwasbecausethatonNovember25,2021,theCompanytransferred
11.70%oftheequityofShandongEcontoShandongExpresswayCo.,Ltd.Afterthetransfer,theshareholdingratiodecreasedandtheequitywasnolongerincludedinthescopeofconsolidation.(continued)
Nameofitem
Nameofitem | Estimatednumber(RMB100million) | Proportionestimatedoftheprojectaccumulativeinput(%) | ToB | Accumulatedamountofinterestcapitalization | Ofwhich:theamountofthecapitalizedinterestsoftheperiod | Capitalizationrateoftheinterestsoftheperiod(%) | Sourceoffund |
Schedule(%) | |||||||
InfrastructureProjectofChongqingKonkaSemiconductorOptoelectronicsResearchInstitute(PartIandPartII) | 6.58 | 48.51 | 48.51 | - | - | - | Equityfund |
GuangmingProject | 5.33 | 53.15 | 53.15 | 9,283,910.47 | 7,965,313.33 | 7.90 | Self-ownedfundandprojectfinancing |
JiangxiHigh-permeabilityCrystalizationKiln | 3.40 | 72.52 | 72.52 | 32,249,994.16 | 7.00 | FinanceleasesOwncapitalandbank | |
DongguanKonkaNewIndustrialPark | 3.90 | 36.56 | 36.56 | 5,772,524.22 | 1,066,968.64 | 4.59 | Self-ownedfundandbankfinancing |
ConstructionofSuiningElectronicIndustrialPark | 7.04 | 45.60 | 45.60 | Equityfund |
Nameofitem
Nameofitem | Estimatednumber(RMB100million) | Proportionestimatedoftheprojectaccumulativeinput(%) | ToB | Accumulatedamountofinterestcapitalization | Ofwhich:theamountofthecapitalizedinterestsoftheperiod | Capitalizationrateoftheinterestsoftheperiod(%) | Sourceoffund |
Schedule(%) | |||||||
Workshops | |||||||
R&DequipmentconstructionprojectofChongqingOptoelectronicTechnologyResearchInstitute | 7.08 | 84.80 | 84.80 | Equityfund | |||
AnkangSmartPlant | 9.3 | 74.63 | 74.63 | 7,257,246.10 | 7,257,246.10 | 4.85 | Self-ownedfundandbankfinancing |
Total | 54,563,674.95 | 16,289,528.07 |
(3)ImpairmentProvisionforConstructioninProgressWithdrawnthisYear
Item | Amountwithdrawnthisyear | Reasonforwithdrawal |
PhaseIIelectroplatinglineAGVlogisticsline | 327,586.21 | Conditionsforserviceunmet |
Total | 327,586.21 |
19.Right-of-useassets
Item
Item | Housesandbuildings | Electronicequipment | Transportationequipment | Total |
I.Originalcarryingvalue | ||||
1.Openingbalance | 103,390,364.78 | - | 832,266.36 | 104,222,631.14 |
2.Increasedamountthisyear | 16,332,102.61 | 310,725.66 | - | 16,642,828.27 |
(1)Rent | 16,332,102.61 | 310,725.66 | - | 16,642,828.27 |
(2)Others | - | - | - | - |
3.Decreasedamountthisyear | 5,324,917.92 | - | - | 5,324,917.92 |
(1)Decreaseforlossofcontrollingright | 5,221,750.95 | - | - | 5,221,750.95 |
(2)Others | 103,166.97 | - | - | 103,166.97 |
4.Endingbalance | 114,397,549.47 | 310,725.66 | 832,266.36 | 115,540,541.49 |
II.Accumulativedepreciation | - | |||
1.Openingbalance | - | - | - | - |
2.Increasedamountthisyear | 45,951,718.36 | 31,072.56 | 564,524.28 | 46,547,315.20 |
(1)Withdrawal | 45,951,718.36 | 31,072.56 | 564,524.28 | 46,547,315.20 |
(2)Others | - | - | - | - |
3.Decreasedamountthisyear | 2,217,189.08 | - | - | 2,217,189.08 |
(1)Decreaseforlossofcontrollingright | 2,217,189.08 | - | - | 2,217,189.08 |
4.Endingbalance | 43,734,529.28 | 31,072.56 | 564,524.28 | 44,330,126.12 |
III.Impairmentprovision | ||||
1.Openingbalance | - | - | - | - |
2.Increasedamountthisyear | - | - | - | - |
(1)Withdrawal | - | - | - | - |
3.Decreasedamountthisyear | - | - | - | - |
(1)Disposal | - | - | - | - |
4.Endingbalance | - | - | - | - |
IV.Carryingvalue | - | - | - | - |
1.Endingcarryingvalue
1.Endingcarryingvalue | 70,663,020.19 | 279,653.10 | 267,742.08 | 71,210,415.37 |
2.Openingcarryingvalue | 103,390,364.78 | - | 832,266.36 | 104,222,631.14 |
20.IntangibleAssets
(1)ListofIntangibleAssets
Item
Item | Landuseright | Intellectualproperty | Total | ||||
Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
I.Originalcarryingvalue | |||||||
1.Openingbalance | 1,046,826,764.13 | 75,487,617.43 | 102,532,417.78 | 106,571,344.10 | 118,345,808.42 | 402,937,187.73 | 1,449,763,951.86 |
2.Increasedamountoftheperiod | 54,110,351.53 | 122,053.98 | 100,684,900.00 | 586,375,648.77 | 27,793,440.08 | 714,976,042.83 | 769,086,394.36 |
(1)Purchase | 54,110,351.53 | 122,053.98 | 12,000,000.00 | 12,129,561.34 | 24,251,615.32 | 78,361,966.85 | |
(2)Transferfromconstructioninprogress | 586,375,648.77 | 920,509.67 | 587,296,158.44 | 587,296,158.44 | |||
(3)TransferfromR&D | |||||||
(4)Increasethroughconsolidation |
Item
Item | Landuseright | Intellectualproperty | Total | ||||
Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
(5)Otherreasons | 88,684,900.00 | 14,743,369.07 | 103,428,269.07 | 103,428,269.07 | |||
3.Decreasedamountoftheperiod | 173,058,367.95 | 40,000,000.00 | 692,946,992.87 | 17,285,309.55 | 750,232,302.42 | 923,290,670.37 | |
(1)Disposal | |||||||
(2)Decreaseforlossofcontrollingright | 38,134,000.00 | 40,000,000.00 | 692,946,992.87 | 17,285,309.55 | 750,232,302.42 | 788,366,302.42 | |
(3)Decreaseforotherreasons | 134,924,367.95 | 134,924,367.95 | |||||
4.Endingbalance | 927,878,747.71 | 75,609,671.41 | 163,217,317.78 | 128,853,938.95 | 367,680,928.14 | 1,295,559,675.85 | |
II.Accumulatedamortization | |||||||
1.Openingbalance | 98,643,099.35 | 5,272,452.95 | 82,831,515.87 | 15,547,087.50 | 55,377,712.07 | 159,028,768.39 | 257,671,867.74 |
2.Increasedamountoftheperiod | 17,062,920.64 | 12,726,395.95 | 42,138,508.20 | 11,897,945.28 | 17,829,964.27 | 84,592,813.70 | 101,655,734.34 |
Item
Item | Landuseright | Intellectualproperty | Total | ||||
Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
(1)Withdrawal | 17,062,920.64 | 12,726,395.95 | 24,273,715.99 | 11,897,945.28 | 14,464,165.99 | 63,362,223.21 | 80,425,143.85 |
(2)Otherincreases | 17,864,792.21 | 3,365,798.28 | 21,230,590.49 | 21,230,590.49 | |||
3.Decreasedamountoftheperiod | 32,156,857.88 | 16,857,142.87 | 27,445,032.78 | 4,310,798.11 | 48,612,973.76 | 80,769,831.64 | |
(1)Disposal | |||||||
(2)Decreaseforlossofcontrollingright | 770,116.66 | 16,857,142.87 | 27,445,032.78 | 4,310,798.11 | 48,612,973.76 | 49,383,090.42 | |
(3)Decreaseforotherreasons | 31,386,741.22 | 31,386,741.22 | |||||
4.Endingbalance | 83,549,162.11 | 17,998,848.90 | 108,112,881.20 | 68,896,878.23 | 195,008,608.33 | 278,557,770.44 | |
III.Impairmentprovision | |||||||
1.Openingbalance | 2,901,082.61 | 2,901,082.61 | 2,901,082.61 | ||||
2.Increased | 38,804,906.72 | 38,804,906.72 | 38,804,906.72 |
Item
Item | Landuseright | Intellectualproperty | Total | ||||
Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
amountoftheperiod | |||||||
(1)Withdrawal | 38,804,906.72 | 38,804,906.72 | 38,804,906.72 | ||||
(2)BusinessCombinationIncrease | |||||||
3.Decreasedamountoftheperiod | |||||||
(1)Disposal | |||||||
(2)Decreaseforlossofcontrollingright | |||||||
4.Endingbalance | 41,705,989.33 | 41,705,989.33 | 41,705,989.33 | ||||
IV.Carryingvalue | |||||||
1.Endingcarryingvalue | 844,329,585.60 | 57,610,822.51 | 13,398,447.25 | 59,957,060.72 | 130,966,330.48 | 975,295,916.08 | |
2.Opening | 948,183,664.78 | 70,215,164.48 | 16,799,819.30 | 91,024,256.60 | 62,968,096.35 | 241,007,336.73 | 1,189,191,001.51 |
Item
Item | Landuseright | Intellectualproperty | Total | ||||
Trademarkright | Patentandknow-how | Franchiserights | Righttousesoftwareandothers | Subtotal | |||
carryingvalue |
(2)LandUseRightwithCertificateofTitleUncompleted
Item
Item | Carryingvalue | Reason |
LanduserightofthesubsidiaryNano-GrystallizedGlass | 5,126,373.01 | Beinghandled |
(3)SignificantIntangibleAssets
Item
Item | Endingcarryingvalue | Remainingamortizationperiod(year) |
LandusagerightofFenggangKonkaIntelligentIndustrialPark | 193,971,110.67 | 47.67 |
LandofFrestecSmartHomeIndustrialPark | 94,129,682.34 | 48.75 |
LandusagerightofFrestecRefrigeration | 67,739,055.16 | 34.75 |
LanduserightofKonkaHuanjia | 64,536,160.10 | 47.50 |
Landuserightofthesemiconductor&optoelectronicsindustrialpark | 60,519,468.93 | 47.67 |
(4)IntangibleAssetswithRestrictedOwnershiporUsingRight
Item | Endingcarryingvalue | Reasonforrestriction |
LanduserightofDongguanKonka | 193,971,110.67 | Mortgageloan |
LanduserightofAnhuiKonka | 56,274,036.00 | Mortgageloan |
LandusagerightofFrestecRefrigeration | 67,739,055.16 | Mortgageloan |
LanduserightofAnhuiTongchuang | 18,432,734.53 | Mortgagedforbilling |
LanduserightofJiangsuKonka | 14,688,712.51 | Mortgageloan |
LandusagerightofXingDaHongYe | 14,049,303.26 | Mortgageloan |
LandusagerightofJiangxiKonka | 10,262,535.72 | Originalshareholderguaranteemortgage |
LanduserightofKonkaGuangming | 5,101,343.95 | Mortgageloan |
Total | 380,518,831.80 |
21.DevelopmentExpenses
Item
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | |||
Internaldevelopmentcosts | Others | Recognizedasintangibleassets | Transferredintothecurrentprofitorloss | Others | |||
PerformanceimprovementprojectofMINI&MICROLED | 13,635,816.63 | 13,635,816.63 | |||||
Self-developmentofchips | 3,234,494.07 | 3,234,494.07 | |||||
Total | 16,870,310.70 | 16,870,310.70 |
22.Goodwill
(1)OriginalCarryingValueofGoodwill
Nameoftheinvestees | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | ||
Provision | Others | Disposal | Others | |||
EconTechnology | 467,825,151.34 | - | - | 467,825,151.34 | - | - |
JiangxiKonka | 340,111,933.01 | - | - | - | - | 340,111,933.01 |
XingDaHongYe | 44,156,682.25 | - | - | - | - | 44,156,682.25 |
Total | 852,093,766.60 | - | - | 467,825,151.34 | - | 384,268,615.26 |
(2)ProvisionsforGoodwillImpairment
Nameoftheinvestees | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
Formeddueto
businesscombination
Formedduetobusinesscombination | Others | Disposal | Others | |||
EconTechnology | ||||||
JiangxiKonka | 154,337,946.29 | 185,773,986.72 | 340,111,933.01 | |||
XingDaHongYe | 21,959,947.14 | 21,959,947.14 | ||||
Total | 176,297,893.43 | 185,773,986.72 | 362,071,880.15 |
(3)InformationontheAssetsGroupsorCombinationofAssetsGroupswhichGoodwillBelongstoTheCompanyengagedanassessmentinstitutiontoassesstherecoverableamountoftheassetgroupsorcombinationofassetgroupsinwhichgoodwillbelongsto.Eachassetgrouporcombinationofassetgroupsistheassetgrouprelatedtogoodwillofalloperationaltangibleassetsandrecognizableintangibleassets(excludingoperatingcapitalandnon-operatingassets)ofprincipalbusinessasreflectedinthebalancesheetofthecorrespondingsubsidiary.Therecognitionofassetgroupsatthetimeofgoodwillimpairmenttestshallbeconsistentwiththeassetgrouporcombinationofassetgroupsdeterminedatthetimeofthegoodwillimpairmenttestonthepurchasedateandinpreviousyears.
(4)Thekeyassumptionsandbasisforcalculatingtherecoverableamountofassetgroupsareasfollows:
a)Itisassumedthattheassessedcompanyisincontinuousoperationandhadnosignificantchangesfromthecurrentsituationinthekeyaspectsrelatingtoproductionandoperation,includingbusinessscope,salesmodeandchannelsandthemanagement;b)Itisassumedthattherearenosignificantchangesinthesocialandeconomicenvironmentsoftheassessedcompany,andtherearenosignificantchangesfromexistingonesinrelevantlaws,regulationsorpoliciesofthecountryorregionwherethecompanyislocated;
c)Itisassumedthattheassessedcompanykeepsimprovingandoptimizingitsbusinessscope,businesspracticeandmanagementmodelonthebasisofmaintainingconsistency,andmakesadjustmentsandinnovationsatappropriatetimeswiththedevelopmentofeconomy;
d)Itisassumedthatallproductssuppliedbytheassessedcompanymeetmarketdemandsandtheobjectivesandmeasuresdeterminedarerealizedasscheduledandwithexpectedprofits;
e)Itisassumedthattherearenosignificantchangesintheinterestrate,exchangerate,taxbaseandtaxratewithinthenormalrangestipulatedbythecountry.
f)Recoverableamountofassetgroupsandcombinationofassetgroupsisbasedonthe
five-yearbudgetapprovedbytheManagement,andiscalculatedwiththecashflowforecastingmethod.
(5)ImpairmentofgoodwilloftheCompany'sassetgroupsisdetailedasfollows:
TherecoverableamountofXingDaHongYewasdeterminedbythepresentvalueoftheforecastedfuturecashflow.Thefuturecashflowwasdeterminedatthediscountrateof
13.15%basedonthefinancialbudgetfrom2022to2026approvedbytheManagement.ThecashflowofXingDaHongYeforoverfiveyearswascalculatedonthebasisofagrowthrateof0%.TheCompanyengagedShanghaiDongzhouOrientAppraisalCo.,Ltd.toassesstheXingDaHongYeassetgroup(inclusiveofgoodwill)byincomeapproach.Withthepresentvalueoftheforecastedfuturecashflowoftheassetsinthisassetgroupastherecoverableamount,theCompanyissuedtheAssetAssessmentReportontheRecoverableValueoftheAssetGroupinvolvedintheImpairmentTestofGoodwillofGuangDongXingDaHongYeElectronicCo.,Ltd.formedbytheKonkaGroupCo.,Ltd.throughtheProposedMerger(D.ZH.P.B.Z.[2022]No.0442)onMarch27,2022withDecember31,2021asthevaluationbasedate.ThepresentvalueofXingDaHongYe'sassetgroupwasRMB360milliononthebenchmarkdateoftheassessment,thecarryingvalueoftheassetgroupafteradjustmentatfairvalue(includingtheoverallgoodwill)wasRMB292,129,600,andthecarryingvalueofgoodwill(includingminorityshareholders)wasRMB43,523,000.Therefore,XingDaHongYehadnoimpairmentofgoodwillintheyearasassessedinthegoodwillimpairmenttest.WithrespecttotherecoverableamountofJiangxiKonka,therecoverableamountofthelong-termassetgroupwasmeasuredatthefairvaluelessthepresentvalueofthedisposalexpenses.BeijingZhongtianheAssetsAppraisalCo.,Ltd.evaluatedJiangxiKonkabycostapproach,andissuedonMarch15,2022theAssetEvaluationReportontheRecoverableAmountoftheLong-termAssetGroupintheAssetImpairmentTestCarriedoutbyJiangxiKonkaNewMaterialTechnologyCo.,Ltd.forFinancialReportingPurposes(ZTH[2022]No.90038)withDecember31,2021asthevaluationbaseday.TheaforesaidrecoverableamountwasRMB1,345.5283million,withthecarryingvalueoftheassetgroupcomprisinggoodwillbeingRMB1,723.9344million.Therecoverableamountislowerthanthecarryingvalueoftheassetgroupcomprisinggoodwill.Therefore,theprovisionforimpairmentofgoodwillisRMB185.7740millionthisyear.Asofthereportingdate,JiangxiKonkahasaccruedapproximatelyRMB340.1119millioningoodwillimpairment.24.Long-termUnamortizedExpenses
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
Item
Item | Openingbalance | Increaseinthisyear | Amortizationinthisyear | Otherdecreasesinthisyear | Endingbalance |
Decorationfee | 92,922,237.45 | 175,078,901.99 | 31,046,593.60 | 382,776.25 | 236,571,769.59 |
Shoppeexpense | 24,678,629.46 | 12,870,547.30 | 16,791,971.73 | 47,110.62 | 20,710,094.41 |
Others | 35,597,695.91 | 73,409,728.28 | 33,443,016.82 | 35,348,887.98 | 40,215,519.39 |
Total | 153,198,562.82 | 261,359,177.57 | 81,281,582.15 | 35,778,774.85 | 297,497,383.39 |
24.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
(1)DeferredIncomeTaxAssetswithoutOffset
Item | Endingbalance | Openingbalance | ||
Deductibletemporarydifference | DeferredincometaxAssets | Deductibletemporarydifference | DeferredincometaxAssets | |
Deductiblelosses | 1,662,487,029.88 | 294,364,103.95 | 3,454,342,497.93 | 765,781,935.91 |
Provisionfor | 1,495,008,640.79 | 341,517,549.45 | 1,672,345,584.63 | 355,173,623.87 |
Item
Item | Endingbalance | Openingbalance | ||
Deductibletemporarydifference | DeferredincometaxAssets | Deductibletemporarydifference | DeferredincometaxAssets | |
impairmentofassets | ||||
Deferredrevenue | 54,518,127.50 | 13,573,281.87 | 302,984,312.52 | 75,408,820.37 |
Accruedexpenses | 211,674,351.84 | 47,600,301.64 | 206,844,865.32 | 40,844,897.61 |
Internalunrealizedprofit | 34,369,797.29 | 8,592,449.32 | 37,257,399.14 | 9,068,649.87 |
Others | 95,608,084.94 | 19,668,038.87 | 90,902,865.84 | 19,638,509.76 |
Total | 3,553,666,032.24 | 725,315,725.10 | 5,764,677,525.38 | 1,265,916,437.39 |
(2)ListsofDeferredIncomeTaxLiabilitieswithoutOffset
Item | Endingbalance | Openingbalance | ||
Taxabletemporarydifference | DeferredincometaxLIABILITIES | Taxabletemporarydifference | DeferredincometaxLIABILITIES | |
Estimatedaddedvalueofassetsnotunderthesamecontrol | 225,287,542.61 | 46,262,753.72 | 303,689,567.68 | 57,097,842.23 |
Prepaidinterest | 51,003,370.16 | 12,750,842.54 | 48,578,683.63 | 11,840,140.77 |
Accelerateddepreciationoffixedassets | 6,990,324.63 | 1,596,656.16 | 4,443,598.64 | 959,974.66 |
Others | 65,137,318.19 | 16,284,329.55 | 27,585,930.42 | 5,921,274.27 |
Total | 348,418,555.59 | 76,894,581.97 | 384,297,780.37 | 75,819,231.93 |
(3)ListofUnrecognizedDeferredIncomeTaxAssets
Item | Endingbalance | Remark |
Deductiblelosses | 2,210,991,564.05 | 1,526,406,964.50 |
Deductibletemporarydifference | 2,024,354,413.51 | 766,691,485.59 |
Total | 4,235,345,977.56 | 2,293,098,450.09 |
(4)DeductibleLossesofUnrecognizedDeferredIncomeTaxAssetswillDueintheFollowingYears
Year
Year | Endingamount | Remarks |
2022 | 338,228,367.62 | |
2023 | 150,048,845.66 | |
2024 | 192,104,714.11 | |
2025 | 503,798,833.87 | |
2026andlateryears | 1,026,810,802.79 | |
Total | 2,210,991,564.05 | -- |
25.OtherNon-currentAssets
Item | Endingbalance | ||
Carryingbalance | Impairmentprovision | Carryingvalue | |
Prepaymentforland-purchase | 2,584,957,360.50 | - | 2,584,957,360.50 |
Prepaymentforconstruction,equipmentandotherlong-termassets | 63,573,129.62 | 63,573,129.62 | |
Entrustedloans | |||
Constructionofgovernmentprojects | |||
Total | 2,648,530,490.12 | - | 2,648,530,490.12 |
(continued)
Item | Openingbalance | ||
Carryingbalance | Impairmentprovision | Carryingvalue | |
Prepaymentforland-purchase | 1,538,728,032.15 | - | 1,538,728,032.15 |
Prepaymentforconstruction,equipmentandotherlong-termassets | 247,719,684.59 | 247,719,684.59 | |
Entrustedloans | 10,867,888.84 | 10,867,888.84 | |
Constructionofgovernmentprojects | 23,463,565.16 | 23,463,565.16 | |
Total | 1,820,779,170.74 | - | 1,820,779,170.74 |
26.Short-termBorrowings
(1)CategoryofShort-termBorrowings
Item
Item | Endingbalance | Openingbalance | Note |
Creditloan | 7,178,420,980.60 | 7,164,301,258.30 | |
Guaranteeloan | 2,382,534,766.48 | 2,038,705,892.75 | a)b)c)d)e)f)g)h)i)j) |
Mortgageloan | 359,719,374.00 | 1,787,543,324.73 | k)l)m)n)o)p)q) |
Total | 9,920,675,121.08 | 10,990,550,475.78 |
a)TheCompanyprovidesjointandseveralliabilityguaranteefortheshort-termborrowingstotalingRMB1,122,872,333.38toitssubsidiariesAnhuiKonka,SichuanKonka,AnhuiTongchuang,ElectronicsTechnology,JiangxiKonka,JiangxiHigh-permeabilitySubstrate,XinfengMicrocrystallineandLiaoyangKangshun.
b)TheCompanyhasobtainedshort-termborrowingsamountingtoRMB500,604,166.67fromShenzhenChegongmiaoSub-branchofChinaEverbrightBankCo.,Ltd.,forwhichtheCompany'ssubsidiaryElectronicsTechnologyprovidesjointandseveralliabilityguaranteeatthemaximumamount.
c)TheCompanyhasobtainedshort-termborrowingsamountingtoRMB437,806,437.32fromShenzhenBranchofChinaGuangfaBankCo.,Ltd.,forwhichtheCompany'sparentcompanyOCTGroupprovidesjointandseveralliabilityguaranteeatthemaximumamount.
d)TheCompanyhasobtainedshort-termborrowingsamountingtoUSD8,329,961.88(equivalenttoRMB53,109,337.96)fromShenzhenBranchofChinaGuangfaBankCo.,Ltd.,forwhichtheCompany'sparentcompanyOCTGroupprovidesjointandseveralliabilityguaranteeatthemaximumamount.
e)TheCompany'ssubsidiaryKonkaVentureshasobtainedshort-termborrowingsamountingtoRMB3,950,000.00fromShenzhenTechnologySub-branchofBankofHangzhouCo.,Ltd.,forwhichShenzhenSMEFinancingGuaranteeCo.,Ltd.andShenzhenHigh-techInvestmentandFinancingGuaranteeCo.,Ltd.bothprovideguarantee.
f)TheCompany'ssubsidiaryNingboKhrElectricApplianceCo.,Ltd.hasobtainedshort-termborrowingsamountingtoRMB10,000,000.00fromCixiBranchofBankofChinaLimited,forwhichtheCompanyandKoreaElectricGroupCo.,Ltd.providejointandseveralliabilityguaranteeattheproportionof60%and40%respectively.
g)TheCompany'ssubsidiaryNingboKhrElectricApplianceCo.,Ltd.hasobtainedshort-termborrowingsamountingtoRMB20,000,000.00fromCixiCentralDistrictSub-branchofBankofNingboCo.,Ltd.,forwhichtheCompanyandKoreaElectricGroupCo.,Ltd.providejointandseveralliabilityguaranteeataratioof3:2.
h)TheCompany'ssubsidiaryAnhuiKonkahasobtainedshort-termborrowingsamountingtoUSD6,232,034(equivalenttoRMB39,733,579.17)fromChuzhouBranchofAgriculturalBankofChinaCo.,Ltd.,forwhichtheCompanyprovidesjointandseveralliabilityguarantee.
i)TheCompany'ssubsidiaryHongKongKonkahasobtainedshort-termborrowingsamountingtoUSD15,000,000.00(equivalenttoRMB95,635,500.00)fromBankofChina(HongKong)Limited,forwhichtheCompanyprovidesjointandseveralliabilityguarantee.
j)TheCompany'ssubsidiaryHongKongKonkahasobtainedshort-termborrowingsamountingtoUSD15,500,000.00(equivalenttoRMB98,823,411.98)fromShenzhenBranchofChinaZheshangBankCo.,Ltd.,forwhichtheCompanyprovidesjointandseveralliabilityguarantee.
k)TheCompany'ssubsidiaryXingDaHongYehasobtainedshort-termborrowingsamountingtoRMB95,000,000.00fromZhongshanFushaSub-branchofZhongshanRuralCommercialBank,forwhichitprovideslanduserightsofacarryingvalueofRMB14,049,303.26andbuildingsofacarryingvalueofRMB37,524,443.44asmortgageandcertificatesoftimedepositofRMB19,800,000.00aspledgeandHuZehongprovidesjointandseveralliabilityguarantee.
l)TheCompany'ssubsidiaryAnhuiKonkahasobtainedshort-termborrowingsamountingtoRMB159,600,000.00fromChuzhouBranchofBankofChinaLimited,forwhichitprovideslanduserightsofacarryingvalueofRMB37,463,521.33andfixedassetsofacarryingvalueofRMB433,297,607.30asmortgage.
m)TheCompany'ssubsidiaryAnhuiKonkahasobtainedshort-termborrowingsamountingtoUSD2,896,372.91(equivalenttoRMB18,466,404.76)fromChuzhouBranchofBankofChinaLimited,forwhichitprovideslanduserightsofacarryingvalueofRMB37,463,521.33andfixedassetsofRMB433,297,607.30asmortgage.
n)TheCompany'ssubsidiaryAnhuiElectricalAppliancehasobtainedshort-termborrowingsamountingtoRMB37,500,000.00fromHefeiBranchofChinaZheShangBank,forwhichitprovidesbuildingsofacarryingvalueofRMB90,148,714.56andlanduserightsofacarryingvalueofRMB67,739,055.16oftheCompany'ssubsidiaryHenanFrestecRefrigerationAppliance
Co.,Ltd.asmortgageandthe210millionequitiesinHenanFrestecHouseholdAppliancesCo.,Ltd.,123,051,096equitiesinHenanFrestecRefrigerationApplianceCo.,Ltd.and668,637,700equitiesinHenanFrestecElectricalAppliancesCo.,Ltd.itholdsaspledge.
o)TheCompany'ssubsidiaryJiangsuKonkaSmarthasobtainedshort-termborrowingsamountingtoRMB40,000,000.00fromChangzhouBranchofChinaZheShangBankCo.,Ltd.,forwhichitprovidesbuildingsofacarryingvalueofRMB40,781,730.40andlanduserightsofacarryingvalueofRMB14,688,712.51asmortgage.p)TheCompany'ssubsidiaryBoluoPrecisionhasobtainedshort-termborrowingsamountingtoRMB5,000,000.00fromTangquanSub-branchofGuangdongBoluoRuralCommercialBankCo.,Ltd.,forwhichitprovidesbuildingsofacarryingvalueofRMB1,201,869.53ofBoluoKonkaasmortgage.
q)TheCompany'ssubsidiaryYantaiKangjinhasobtainedshort-termborrowingsamountingtoRMB4,152,969.24fromYantaiRuralCommercialBankCo.,Ltd.,forwhichitprovidesinvestmentpropertiesofacarryingvalueofRMB10,670,357.55ofYantaiKonkaGreatHealthIndustrialParkasmortgage.
(2)OutstandingShort-termBorrowingsOverdue
Therewerenooutstandingshort-termborrowingsoverdueattheyear-end.
27.NotesPayable
Category
Category | Endingbalance | Openingbalance |
Bank’sacceptancebill | 729,653,866.95 | 1,159,251,569.31 |
Commercialacceptancebill | 386,683,091.96 | 176,735,456.90 |
Total | 1,116,336,958.91 | 1,335,987,026.21 |
28.AccountsPayable
(1)ListofAccountsPayable
Item | Endingbalance | Openingbalance |
Within1year | 3,479,614,154.99 | 8,134,924,659.58 |
1to2years | 187,662,627.95 | 1,279,766,515.39 |
2to3years | 85,964,325.66 | 87,184,184.40 |
Item
Item | Endingbalance | Openingbalance |
Over3years | 31,073,982.81 | 130,490,966.39 |
Total | 3,784,315,091.41 | 9,632,366,325.76 |
Note:ThesignificantdecreaseinthebalanceofaccountspayableintheyearwasprimarilydrivenbythedisposalofShandongEconTechnologyCo.,Ltd.
29.ContractLiabilities
Item | Endingbalance | Openingbalance |
Salesadvancesreceived | 652,910,408.02 | 1,217,367,735.94 |
Total | 652,910,408.02 | 1,217,367,735.94 |
30.PayrollPayable
(1)ListofPayrollPayable
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
ListofShort-termSalary | 473,200,796.84 | 1,821,439,673.98 | 1,885,248,534.65 | 409,391,936.17 |
Post-employmentbenefit-definedcontributionplans | 2,283,275.82 | 133,900,560.00 | 134,980,487.19 | 1,203,348.63 |
Terminationbenefits | 1,132,171.79 | 6,182,836.44 | 7,163,208.23 | 151,800.00 |
Currentportionofotherbenefits | ||||
Total | 476,616,244.45 | 1,961,523,070.42 | 2,027,392,230.07 | 410,747,084.80 |
(2)ListofShort-termSalary
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
Salary,bonus, | 458,065,525.46 | 1,631,836,996.09 | 1,690,046,740.69 | 399,855,780.86 |
Item
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
allowance,subsidy | ||||
Welfareforemployees | 1,003,285.92 | 77,648,725.75 | 77,699,810.03 | 952,201.64 |
Socialsecurityexpense | 4,887,689.95 | 55,854,127.73 | 59,485,513.48 | 1,256,304.20 |
Ofwhich:Medicalinsurancepremiums | 1,257,574.78 | 51,966,805.52 | 52,268,384.52 | 955,995.78 |
Work-relatedinjuryinsurance | 87,286.29 | 2,746,766.03 | 2,766,047.22 | 68,005.10 |
Maternityinsurance | 3,542,828.88 | 1,140,556.18 | 4,451,081.74 | 232,303.32 |
Housingfund | 1,494,931.38 | 38,129,693.69 | 39,486,899.04 | 137,726.03 |
Laborunionbudgetandemployeeeducationbudget | 7,283,186.41 | 14,551,656.09 | 15,131,085.17 | 6,703,757.33 |
Short-termabsencewithpayment | ||||
Short-termprofitsharingplan | ||||
Others | 466,177.72 | 3,418,474.63 | 3,398,486.24 | 486,166.11 |
Total | 473,200,796.84 | 1,821,439,673.98 | 1,885,248,534.65 | 409,391,936.17 |
(3)ListofDefinedContributionPlan
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
Basicendowmentinsurance | 2,188,388.21 | 130,731,651.99 | 131,810,225.74 | 1,109,814.46 |
Unemploymentinsurance | 94,887.61 | 3,168,908.01 | 3,170,261.45 | 93,534.17 |
Annuity | ||||
Total | 2,283,275.82 | 133,900,560.00 | 134,980,487.19 | 1,203,348.63 |
31.TaxandFeesPayables
Item
Item | Endingbalance | Openingbalance |
Corporateincometax | 168,026,929.08 | 264,749,734.19 |
VAT | 59,692,464.80 | 186,891,111.62 |
Fundfordisposingabandonedappliancesandelectronicproducts | 30,077,111.00 | 19,157,745.00 |
Urbanmaintenanceandconstructiontax | 3,696,423.98 | 10,206,690.62 |
EducationfeesandlocaleducationSurcharge | 2,840,889.56 | 7,361,219.22 |
Stampduty | 6,255,372.18 | 6,041,179.34 |
Landusetax | 8,812,080.36 | 5,095,730.68 |
Personalincometax | 9,602,569.88 | 3,023,518.75 |
Propertytax | 4,287,226.80 | 2,209,076.63 |
Customsduty | 1,962,596.87 | 2,008,914.61 |
Others | 571,505.90 | 1,469,138.50 |
Total | 295,825,170.41 | 508,214,059.16 |
32.OtherPayables
Item | Endingbalance | Openingbalance |
Interestpayable | 174,383,177.08 | 220,837,380.17 |
Otherpayables | 1,613,794,571.51 | 1,770,718,506.93 |
Total | 1,788,177,748.59 | 1,991,555,887.10 |
32.1InterestsPayable
Item | Endingbalance | Openingbalance |
Interestoncorporatebonds | 171,218,888.92 | 180,268,944.49 |
Interestonlong-termborrowingswithinterestpaidbyinstallmentandprincipalpaidatmaturity | 17,162,676.76 | |
Interestpayableonshort-termborrowings | 3,164,288.16 | 23,350,524.40 |
Others | 55,234.52 | |
Total | 174,383,177.08 | 220,837,380.17 |
32.2OtherPayables
(1)ListedbyNatureofAccount
Nature
Nature | Endingbalance | Openingbalance |
Expensespayable | 755,393,561.40 | 626,909,820.31 |
Relatedpartyborrowing | 313,104,212.26 | 344,520,800.92 |
Cashdepositandfront | 240,638,514.04 | 243,197,538.56 |
Intercoursefunds | 177,524,073.79 | 331,967,783.33 |
Equitytransferpayment | 67,482,796.96 | 157,682,796.96 |
Advancemoney | 8,282,111.32 | 7,795,410.38 |
Others | 51,369,301.74 | 58,644,356.47 |
Total | 1,613,794,571.51 | 1,770,718,506.93 |
(2)OtherSignificantPayablesAgingoverOneYear
Nameofentity | Endingbalance | Unpaid/Un-carry-overreason |
EquitytransfermoneyofJiangxiKonka | 61,180,000.00 | Notmeetthesettlementconditions |
Total | 61,180,000.00 |
33.Non-currentliabilitiesduewithinoneyear
Item | Endingbalance | Openingbalance |
Currentportionoflong-termborrowings | 2,087,374,444.43 | 18,150,000.00 |
Currentportionoflong-termpayables | 270,119,697.71 | 358,746,566.29 |
Bondspayableduewithin1year | 2,700,000,000.00 | |
Leaseliabilitiesduewithin1year | 32,092,127.18 | 48,493,286.81 |
Total | 5,089,586,269.32 | 425,389,853.10 |
34.OtherCurrentLiabilities
Item | Endingbalance | Openingbalance |
Accountspayablewithtradeacceptancenotes | 63,854,223.36 | 432,420,000.00 |
Refundspayable | 30,629,396.14 | 9,354,317.23 |
Taxtobechargedoff | 15,258,568.74 | - |
Total | 109,742,188.24 | 441,774,317.23 |
35.Long-termBorrowings
(1)CategoryofLong-termBorrowings
Item
Item | Endingbalance | Openingbalance | Note |
Guaranteeloan | 3,185,072,777.76 | 2,058,000,000.00 | a)b)c)d)e)f) |
Mortgageloan | 638,086,279.01 | 3,123,838,997.54 | g)h)i)j) |
Entrustedborrowings | 1,322,271,760.09 | 611,060,000.00 | k)l) |
Creditloan | 471,084,166.66 | 190,000,000.00 | |
Less:Currentportion | 2,087,374,444.43 | 18,150,000.00 | |
Total | 3,529,140,539.09 | 5,964,748,997.54 |
a)TheCompanyhasobtainedlong-termborrowingsamountingtoRMB2,001,944,444.43fromtheExport-ImportBankofChina,thetermofwhichisfrom22June2020to24June2022,andforwhichtheCompany'sparentcompanyOCTGroupprovidesjointandseveralliabilityguaranteeatthemaximumamount.b)TheCompanyhasobtainedlong-termborrowingsamountingtoRMB998,608,333.33fromShenzhenBranchofChinaGuangfaBankCo.,Ltd.,thetermofwhichisfrom24June2021to23June2024,andforwhichtheCompany'sparentcompanyOCTGroupprovidesjointandseveralliabilityguaranteeatthemaximumamount.c)TheCompany'ssubsidiaryXingDaHongYehasobtainedlong-termborrowingsamountingtoRMB54,520,000.00fromZhuhaiBranchofXiamenInternationalBankCo.,Ltd.,thetermofwhichisfrom25November2020to25February2022,andforwhichtheCompanyprovidesjointandseveralliabilityguaranteeatthemaximumamount.d)TheCompany'ssubsidiaryAnhuiKonkaElectronicCo.,Ltd.hasobtainedlong-termborrowingsamountingtoRMB50,000,000.00fromChuzhouPlazaSub-branchofChinaConstructionBankCo.,Ltd.,thetermofwhichisfrom29October2021to26October2026,andforwhichtheCompanyprovidesjointandseveralliabilityguarantee.e)TheCompany'ssubsidiaryKonkaXinyunSemiconductorTechnology(Yancheng)Co.,Ltd.hasobtainedlong-termborrowingsamountingtoRMB60,000,000.00fromYanchengBranchofHuaXiaBankCo.,Ltd.,thetermofwhichisfrom15September2021to21August2026,andforwhichtheCompanyanditssubsidiaryKowinMemoryTechnology(Shenzhen)Co.,Limitedprovidejointandseveralliabilityguaranteeatthemaximumamount.
f)TheCompany'ssubsidiaryNingboKhrhasobtainedlong-termborrowingsamountingtoRMB20,000,000.00fromCixiCentralDistrictSub-branchofBankofNingbo,thetermofwhichisfrom12August2021to9September2022,andforwhichtheCompanyandKoreaElectricGroupCo.,Ltd.providejointandseveralliabilityguaranteeataratioof3:2.
g)TheCompanyhasobtainedlong-termborrowingsamountingtoRMB380,244,344.04fromGuanlanSub-branchofShenzhenRuralCommercialBankCo.,Ltd.,thetermofwhichisfrom22January2021to22January2026,andforwhichitprovideslanduserightsofacarryingvalueofRMB5,101,343.95andinvestmentpropertiesofacarryingvalueofRMB118,542,862.44andhousingbuildingsofacarryingvalueofRMB78,862,102.73asmortgage.
h)TheCompany'ssubsidiaryDongguanKonkahasobtainedlong-termborrowingsamountingtoRMB117,398,664.74fromDongguanFenggangSub-branchofAgriculturalBankofChinaCo.,Ltd.,thetermofwhichisfrom22June2021to21October2030,andforwhichitprovideslanduserightsofacarryingvalueofRMB193,971,110.67asmortgageandtheCompanyprovidesjointandseveralliabilityguarantee.
i)TheCompany'ssubsidiarySichuanKonkahasobtainedentrustedloansamountingtoRMB100,163,333.23fromSichuanGangrongInvestmentDevelopmentGroupCo.,Ltd.,ofwhichthetermisfrom28May2018to24May2025,andforwhichthesubsidiaryYibinKonkaTechnologyParkOperationCo.,Ltd.providesinvestmentpropertiesofacarryingvalueofRMB225,032,240.12asmortgageandTelecommunicationTechnologyprovidesjointandseveralliabilityguarantee.
j)TheCompany'ssubsidiaryAnhuiKonkahasobtainedlong-termborrowingsamountingtoRMB40,279,937.00fromChuzhouBranchofIndustrialBankCo.,Ltd.,ofwhichthetermisfrom16July2021to15July2031,andforwhichitprovideslanduserightsofacarryingvalueofRMB18,810,514.67andfixedassetsofacarryingvalueofRMB194,679,341.14asmortgageandtheCompanyprovidesjointandseveralliabilityguarantee.
k)TheCompany'sparentcompanyOCTGrouphasextendedentrustedloansamountingtoRMB1,311,361,760.09totheCompanythroughChinaMerchantsBankCo.,Ltd.,thetermofwhichisfrom9October2021to25February2024.
l)TheCompany'sparentcompanyOCTGrouphasextendedentrustedloansamountingtoRMB10,910,000.00totheCompanythroughChinaMerchantsBankCo.,Ltd.,thetermofwhichisfrom7December2020to9December2022.
36.BondsPayable
(1)ListofBondsPayable
Item
Item | Endingbalance | Beginningbalance |
Non-publicofferingcorporatebonds | 4,993,698,899.30 | 4,993,212,788.32 |
Less:Bondspayableduewithin1year | 2,700,000,000.00 | - |
Total | 2,293,698,899.30 | 4,993,212,788.32 |
(2)ChangesofBondsPayable(ExcludingOtherFinancialInstrumentsDividedasFinancialLiabilitiessuchasPreferredSharesandPerpetualBonds)
Name | Totalparvalue | Issuedate | Bondduration | Issueamount | Beginningbalance |
19Konka01(Notea)) | 1,000,000,000.00 | 2019-1-14 | 2+1years | 996,500,000.00 | 998,899,371.13 |
19Konka02(Noteb)) | 1,500,000,000.00 | 2019-1-14 | 3years | 1,494,750,000.00 | 1,498,349,056.69 |
19Konka03(Notec)) | 500,000,000.00 | 2019-6-3 | 2+1years | 498,250,000.00 | 499,220,387.86 |
19Konka04(Noted)) | 500,000,000.00 | 2019-6-3 | 3years | 498,250,000.00 | 499,220,387.86 |
19Konka05(Notee)) | 800,000,000.00 | 2019-7-22 | 2+1years | 797,200,000.00 | 798,679,245.24 |
19Konka06(Notef)) | 700,000,000.00 | 2019-7-22 | 3years | 697,550,000.00 | 698,844,339.54 |
21Konka01(Noteg)) | 1,000,000,000.00 | 2021-1-8 | 3years | 996,500,000.00 | - |
21Konka02(Noteh)) | 500,000,000.00 | 2021-5-21 | 3years | 498,250,000.00 | - |
21Konka03(Notei)) | 800,000,000.00 | 2021-7-9 | 3years | 797,200,000.00 | - |
Total | 7,300,000,000.00 | 7,274,450,000.00 | 4,993,212,788.32 |
(continued)
Name | IssuedintheReportingPeriod | Interestaccruedatparvalue | Amortizationofpremiumanddepreciation |
19Konka01(Notea)) | - | 1,249,999.96 | 1,100,628.87 |
19Konka02(Noteb)) | - | 73,750,000.02 | 1,650,943.31 |
19Konka03(Notec)) | - | 9,250,000.00 | 779,612.14 |
Name
Name | IssuedintheReportingPeriod | Interestaccruedatparvalue | Amortizationofpremiumanddepreciation |
19Konka04(Noted)) | - | 23,369,444.43 | 550,314.48 |
19Konka05(Notee)) | - | 19,831,333.32 | 1,320,754.76 |
19Konka06(Notef)) | - | 32,443,055.55 | 770,440.20 |
21Konka01(Noteg)) | 996,500,000.00 | 43,732,777.81 | 1,298,742.17 |
21Konka02(Noteh)) | 498,250,000.00 | 12,277,777.80 | 465,932.92 |
21Konka03(Notei)) | 797,200,000.00 | 15,185,555.54 | 598,742.13 |
Total | 2,291,950,000.00 | 231,089,944.43 | 8,536,110.98 |
(continued)
Name | RepaidintheReportingPeriod | Endingbalance |
19Konka01(Notea)) | 1,000,000,000.00 | - |
19Konka02(Noteb)) | - | 1,500,000,000.00 |
19Konka03(Notec)) | 500,000,000.00 | - |
19Konka04(Noted)) | - | 499,770,702.34 |
19Konka05(Notee)) | 800,000,000.00 | - |
19Konka06(Notef)) | - | 699,614,779.74 |
21Konka01(Noteg)) | - | 997,798,742.17 |
21Konka02(Noteh)) | - | 498,715,932.92 |
21Konka03(Notei)) | - | 797,798,742.13 |
Total | 2,300,000,000.00 | 4,993,698,899.30 |
Note1:
a)On14January2019,theCompanyissuedRMB1billionofprivateplacementcorporatebondswiththedurationof2+1years,theannualinterestrateof5.00%andtheduedateof14January2022."19Konka01"hasbeenfullysoldbackanddelistedfromtheexchangeon14January2021.
b)On14January2019,theCompanyissuedRMB1.5billionofprivateplacementcorporatebondswiththedurationof3years,theannualinterestrateof5.00%andtheduedateof14January2022.
c)On3June2019,theCompanyissuedRMB500millionofprivateplacementcorporatebondswiththedurationof2+1years,theannualinterestrateof4.50%andtheduedateof3June2022."19Konka03"hasbeenfullysoldbackanddelistedfromtheexchangeon3June2021.d)On3June2019,theCompanyissuedRMB500millionofprivateplacementcorporatebondswiththedurationof3years,theannualinterestrateof4.70%andtheduedateof3June2022.e)On22July2019,theCompanyissuedRMB800millionofprivateplacementcorporatebondswiththedurationof2+1years,theannualinterestrateof4.53%andtheduedateof22July2022."19Konka05"hasbeenfullysoldbackanddelistedfromtheexchangeon22July2021.f)22OnJuly2019,theCompanyissuedRMB700millionofprivateplacementcorporatebondswiththedurationof3years,theannualinterestrateof4.70%andtheduedateof22July2022.
g)On8January2021,theCompanyissuedRMB1billionofprivateplacementcorporatebondswiththedurationof3years,theannualinterestrateof4.46%andtheduedateof8January2024.
h)On21May2021,theCompanyissuedRMB500millionofprivateplacementcorporatebondswiththedurationof3years,theannualinterestrateof4.00%andtheduedateof21May2024.
i)On9July2021,theCompanyissuedRMB800millionofprivateplacementcorporatebondswiththedurationof3years,theannualinterestrateof3.95%andtheduedateof9July2024.
Note2:OCTGroupprovidedfull-amount,unconditionalandirrevocablejointandseveralliabilityguaranteefortheduepaymentoftheprivateofferingofcorporatebonds.
37.LeaseLiabilities
Item
Item | Endingbalance | Openingbalance |
Leaseliabilities | 74,624,996.81 | 110,771,978.66 |
Less:Leaseliabilitiesduewithin1year(seeNoteVI-33) | 32,092,127.18 | 48,493,286.81 |
Total | 42,532,869.63 | 62,278,691.85 |
38.Long-termPayables
Nature
Nature | Endingbalance | Openingbalance |
Accruedfinancingleaseoutlay | 434,481,614.08 | 921,958,930.55 |
Less:Unrecognizedfinancingexpenses | 23,674,345.59 | 81,802,514.30 |
Less:Currentportion(seeNoteVI-33) | 270,119,697.71 | 358,746,566.29 |
Total | 140,687,570.78 | 481,409,849.96 |
39.Long-termEmployeeRemunerationPayables
(1)Classification
Item | Endingbalance | Openingbalance |
Terminationbenefits-netliabilitiesofdefinedcontributionplans | 5,111,296.75 | 5,248,309.14 |
Total | 5,111,296.75 | 5,248,309.14 |
40.AccruedLiabilities
Item | Endingbalance | Openingbalance | Reasonforformation |
Productqualityassurance | 106,069,944.34 | 102,146,976.40 | After-salesofhouseholdappliances |
Pendinglitigation | 206,591.51 | 206,591.51 | |
Total | 106,276,535.85 | 102,353,567.91 |
41.DeferredRevenue
Item
Item | Openingbalance | Increase | Decrease | Endingbalance | Formationreason |
Governmentgrants | 446,900,524.64 | 77,972,842.51 | 318,570,942.23 | 206,302,424.92 | Relatedtoaaassets/income |
Total | 446,900,524.64 | 77,972,842.51 | 318,570,942.23 | 206,302,424.92 |
(1)CategoryofDeferredIncome
ListofGovernmentSubsidy | Openingbalance | Increase | Amountincludedinnon-operatingincomethisyear | Amountincludedinotherincomethisyear | Otherchanges | Endingbalance | Relatedtoassets/income |
IndustrysupportfundfortheindustrialparkinSunning | 229,420,000.00 | 229,420,000.00 | Relatedtoincome | ||||
SubsidyfortheconstructionofplantsintheindustrialparkinYibin | 72,979,200.00 | 1,531,032.12 | 71,448,167.88 | Relatedtoassets | |||
SpecialbonussubsidyfromthegovernmentfortheprojectinTongchuan | 30,000,000.00 | 10,000,000.00 | 40,000,000.00 | Relatedtoassets | |||
SubsidyforindustrialR&D | 20,000,000.00 | 20,000,000.00 | Relatedto |
ListofGovernmentSubsidy
ListofGovernmentSubsidy | Openingbalance | Increase | Amountincludedinnon-operatingincomethisyear | Amountincludedinotherincomethisyear | Otherchanges | Endingbalance | Relatedtoassets/income |
assets | |||||||
ReturnedpaymentsforlandbyChongqingKonka | 19,112,727.27 | 392,727.24 | 18,720,000.03 | Relatedtoassets | |||
Subsidyforthedevelopmentandindustrializationofdual-HDROLEDsmartTVs | 13,300,000.00 | 13,300,000.00 | Relatedtoassets | ||||
PlantdecorationsubsidyforYibinKonkaTechnologyPark | 13,553,851.00 | 600,911.77 | 12,952,939.23 | Relatedtoassets | |||
Subsidyforhigh-techinnovationandoperationinYancheng | 11,457,800.00 | 84,601.67 | 11,373,198.33 | Relatedtoassets | |||
Othergovernmentsubsidiesrelatedtoassets | 62,088,597.37 | 42,961,191.51 | 29,744,228.53 | 3,497,440.90 | 71,808,119.45 | Relatedtoassets | |
Total | 446,900,524.64 | 77,972,842.51 | 261,773,501.33 | 56,797,440.90 | 206,302,424.92 |
42.OtherNon-currentLiabilities
Item
Item | Endingbalance | Openingbalance |
Contractobligationsoveroneyear | 104,610,663.76 | 106,475,449.02 |
Total | 104,610,663.76 | 106,475,449.02 |
43.ShareCapital
Item | Openingbalance | Changeinthisyear(+,-) | Endingbalance | ||||
Newsharesissued | Bonusshares | Bonusissuefromprofit | Others | Subtotal | |||
Totalshares | 2,407,945,408.00 | 2,407,945,408.00 |
44.CapitalSurplus
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
Othercapitalreserves | 230,185,310.09 | 16,200,409.92 | 11,995,756.91 | 234,389,963.10 |
Total | 230,185,310.09 | 16,200,409.92 | 11,995,756.91 | 234,389,963.10 |
Note:Capitalreservesforthecurrentperiod-othercapitalreservesincreaseanddecreaseduetothemainreasons:
a)CapitalreserveincreasedbyRMB7,168,549.83duetotherepurchaseoftheequitiesofminorityshareholdersofthesubsidiaryKowinMemory(Shenzhen);
b)CapitalreserveincreasedbyRMB171,696.89duetotherepurchaseoftheequitiesofminorityshareholdersofthesubsidiarySichuanKangjiatong;
c)CapitalreservedecreasedbyRMB1,974,131.56duetotherepurchaseoftheequitiesofminorityshareholdersofthesubsidiaryKonkaMaterial;
d)OthercapitalreservesincreasedbyRMB88,578.98duetotherepurchaseoftheequitiesofminorityshareholdersofthesubsidiaryXi'anHuasheng;
e)OthercapitalreservesdecreasedbyRMB2,671,625.25duetothedisposaloftheassociateShanghaiKonkaTechnologyCo.,Ltd.;
f)OthercapitalreservesdecreasedbyRMB7,350,000.00duetothedisposaloftheassociateWanjunTechnology(Kunshan)Co.,Ltd.;
g)OthercapitalreservesincreasedbyRMB6,433,584.22duetothelossofcontrollingrightoverthesubsidiaryKonkaElectricalAppliances;
h)TheshareholdingcompanyGuangdongKangyuanSemiconductorCo.,Ltd.increasedcapitalandshares,resultinginanincreaseinothercapitalreservesofRMB2,338,000.00.
45.OtherComprehensiveIncome
Item
Item | BeginningoftheyearBalance | Amountincurredinthisyear | EndingBalance | |||||
Amountincurredbeforeincometaxinthisyear | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossintheCurrentPeriod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsintheCurrentPeriod | Less:Incometaxexpense | AttributabletoownersoftheCompanyastheparentaftertax | Attributabletonon-controllinginterestsaftertax | |||
I.Othercomprehensiveincomethatmaynotbereclassifiedtoprofitorloss | -6,398,878.20 | - | - | - | - | -6,398,878.20 | ||
Changesinfairvalueofotherequityinstrumentinvestment\ | -6,398,878.20 | -6,398,878.20 |
Item
Item | BeginningoftheyearBalance | Amountincurredinthisyear | EndingBalance | |||||
Amountincurredbeforeincometaxinthisyear | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossintheCurrentPeriod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsintheCurrentPeriod | Less:Incometaxexpense | AttributabletoownersoftheCompanyastheparentaftertax | Attributabletonon-controllinginterestsaftertax | |||
Others | - | - | ||||||
II.Othercomprehensiveincomethatmaysubsequentlybereclassifiedtoprofitorloss | -10,184,164.22 | -6,210,784.44 | - | - | - | -3,753,045.45 | -2,457,738.99 | -13,937,209.67 |
Ofwhich:Othercomprehensiveincomethatwillbereclassifiedtoprofitor | -2,397,350.96 | 1,182,217.31 | 1,182,217.31 | -1,215,133.65 |
Item
Item | BeginningoftheyearBalance | Amountincurredinthisyear | EndingBalance | |||||
Amountincurredbeforeincometaxinthisyear | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossintheCurrentPeriod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsintheCurrentPeriod | Less:Incometaxexpense | AttributabletoownersoftheCompanyastheparentaftertax | Attributabletonon-controllinginterestsaftertax | |||
lossundertheequitymethod | ||||||||
Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | -7,786,813.26 | -7,393,001.75 | -4,935,262.76 | -2,457,738.99 | -12,722,076.02 | |||
Totalofothercomprehensiveincome | -16,583,042.42 | -6,210,784.44 | -3,753,045.45 | -2,457,738.99 | -20,336,087.87 |
46.SurplusReserve
Item
Item | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
Statutorysurplusreserves | 973,502,519.62 | 32,459,254.57 | - | 1,005,961,774.19 |
Discretionalsurplusreserves | 238,218,590.05 | - | 238,218,590.05 | |
Total | 1,211,721,109.67 | 32,459,254.57 | - | 1,244,180,364.24 |
47.RetainedEarnings
Item | ThisYear | Lastyear |
ClosingBalanceofLastYear | 4,595,371,391.63 | 4,239,763,606.89 |
Add:Totalbeginningbalanceofretainedearningsbeforeadjustments | ||
Ofwhich:changeofaccountingpolicy | ||
Otheradjustmentfactors | ||
OpeningBalanceofCurrentYear | 4,595,371,391.63 | 4,239,763,606.89 |
Add:NetprofitattributabletoownersoftheCompanyastheparent | 905,352,997.68 | 477,633,250.14 |
Othercomprehensiveincomecarriedforwardtoretainedearnings | 1,628,195.00 | -1,628,195.00 |
Less:Withdrawalofstatutorysurplusreserve | 32,459,254.57 | |
Withdrawalofdiscretionalsurplusreserves | ||
Dividendofordinarysharespayable | 240,794,540.80 | 120,397,270.40 |
ClosingBalanceoftheCurrentPeriod | 5,229,098,788.94 | 4,595,371,391.63 |
48.OperatingRevenueandCostofSales
(1)OperatingRevenueandCostofSales
Item | Amountincurredinthisyear | Amountincurredlastyear | ||
Revenue | Cost | Revenue | Cost | |
Lucrativebusiness | 48,232,324,902.09 | 46,690,427,987.52 | 49,869,938,568.55 | 47,324,236,629.26 |
Others | 874,188,767.49 | 711,456,994.01 | 481,897,986.32 | 270,827,720.72 |
Total | 49,106,513,669.58 | 47,401,884,981.53 | 50,351,836,554.87 | 47,595,064,349.98 |
(2)ListofDeductionfromOperatingIncome
Item
Item | Thisyear(RMB) | Details | Sameperiodoflastyear(RMB) | Details |
Amountofoperatingincome | 49,106,513,669.58 | 50,351,836,554.87 | ||
Totalamountofitemsdeductedfromoperatingincome | 579,266,272.20 | 445,172,864.05 | ||
Proportionofthetotalamountofitemsdeductedfromoperationincomeinoperatingincome(%) | 1.18 | 0.88 | ||
I.Businessincomeirrelevanttoprincipalbusiness | ||||
1.Otherbusinessincomeoutsidenormalbusiness.E.g.,incomefromtheleaseoffixedassets,intangibleassets,packagingmaterials,salesmaterials,non-monetaryassetexchangewithmaterialsandoperationofentrustedmanagementbusiness,andincomethatisincludedintheincomefromprimarybusinessbutisoutsidethenormalbusinessofthelistedcompany. | 579,266,272.20 | Incomefromsalesofwasteproducts,utilitybills,rentalincome,incomefrommaterialsalesandotherincomenotrelatedtothemainbusiness | 445,172,864.05 | Incomefromsalesofwasteproducts,utilitybills,installmentfee,rentalincome,incomefrommaterialsalesandotherincomenotrelatedtothemainbusiness |
2.Incomefromnon-qualifiedpseudo-banking |
Item
Item | Thisyear(RMB) | Details | Sameperiodoflastyear(RMB) | Details |
businesses;suchasinterestincomefromborrowedfunds;incomefromnewpseudo-bankingbusinessesinthereportingandpreviousfiscalyears,suchasincomefromguarantee,commercialfactoring,smallloans,financeleaseandpawn,exceptfinanceleasebusinessconductedforthesaleofprimaryproducts. | ||||
3.Incomefromnewtradingbusinessesinthereportingandpreviousfiscalyears. | ||||
4.Incomefromrelatedtransactionsirrelevanttotheexistingnormaloperationbusinessesofthelistedcompany. | ||||
5.Incomeofsubsidiariesacquiredinbusinesscombinationunderthesamecontrolfromtheperiod-beginningtothecombinationdate. | ||||
6.Incomefrombusinessesthathavenot |
Item
Item | Thisyear(RMB) | Details | Sameperiodoflastyear(RMB) | Details |
yethadoraredifficulttohaveastablebusinessmodel. | ||||
Subtotalofbusinessincomeirrelevanttoprincipalbusiness | 579,266,272.20 | 445,172,864.05 | ||
II.Incomewithoutcommercialsubstance | ||||
1.Incomefromtransactionsoreventsthatdonotsignificantlyaltertherisk,timingoramountoffuturecashflowsofthecompany. | ||||
2.Incomefromtransactionswithouttruebusiness.E.g.,falseincomerealizedinthewayofself-transactionandfalseincomefromtransactionsbymeansofInternettechnologyoreelseotherwise. | ||||
3.Incomefrombusinessesatunfairtradeprices. | ||||
4.Incomefromsubsidiariesorbusinessesacquiredinbusinesscombinationatunfairconsiderationsorby |
Item
Item | Thisyear(RMB) | Details | Sameperiodoflastyear(RMB) | Details |
non-tradingmeansinthereportingfiscalyear. | ||||
5.Incomeinvolvedinnon-standardauditopinionsinauditopinions. | ||||
6.Otherincomefromtransactionsoreventswithoutcommercialrationality. | ||||
Subtotalofincomewithoutcommercialsubstance | ||||
III.Otherincomeirrelevanttoprincipalbusinessorwithoutcommercialsubstance | ||||
Amountofoperatingincomeafterdeduction | 48,527,247,397.38 | 49,906,663,690.82 |
(3)DetailsofIncomefromContracts
Categoryofcontracts | Amountincurredinthisyear | Total |
Productcategories | ||
Ofwhich:Industrytradebusiness | 29,682,677,483.94 | 29,682,677,483.94 |
ColorTVbusiness | 7,300,340,878.11 | 7,300,340,878.11 |
EnvironmentalProtectionSub-Division | 4,354,614,711.52 | 4,354,614,711.52 |
WhiteGoodsSub-Division | 3,699,285,362.91 | 3,699,285,362.91 |
Semi-conductorbusiness | 321,958,525.17 | 321,958,525.17 |
Categoryofcontracts
Categoryofcontracts | Amountincurredinthisyear | Total |
Others | 3,747,636,707.93 | 3,747,636,707.93 |
Total | 49,106,513,669.58 | 49,106,513,669.58 |
Classifiedbyoperatingregion | ||
Ofwhich:Domestic | 22,033,965,598.67 | 22,033,965,598.67 |
Overseas | 27,072,548,070.91 | 27,072,548,070.91 |
Total | 49,106,513,669.58 | 49,106,513,669.58 |
(4)MainOperations(Classifiedbyproduct)
Item | Amountincurredinthisyear | Amountincurredlastyear | ||
Revenue | Cost | Revenue | Cost | |
Supplychaintradingbusiness | 29,682,677,483.94 | 29,514,534,704.12 | 30,483,602,365.87 | 30,183,532,940.90 |
ColorTVbusiness | 7,300,340,878.11 | 6,922,606,555.81 | 7,519,625,331.33 | 6,925,658,808.00 |
EnvironmentalProtectionSub-Division | 4,354,614,711.52 | 4,030,685,013.80 | 4,823,779,902.39 | 4,097,138,754.02 |
WhiteGoodsSub-Division | 3,699,285,362.91 | 3,395,382,780.50 | 3,842,051,456.02 | 3,317,107,750.97 |
Semi-conductorbusiness | 321,958,525.17 | 306,296,431.81 | 282,969,230.63 | 275,286,437.09 |
Others | 2,873,447,940.44 | 2,520,922,501.48 | 2,917,910,282.31 | 2,525,511,938.28 |
Total | 48,232,324,902.09 | 46,690,427,987.52 | 49,869,938,568.55 | 47,324,236,629.26 |
(5)Informationinrelationtothetradepriceapportionedtotheresidualcontractperformanceobligation:
TheamountofincomecorrespondingtotheperformanceobligationsofcontractssignedbutnotyetperformedorfullyperformedwasRMB854,210,822.59attheyear-end,amongwhichRMB844,024,014.31isexpectedtoberecognizedin2022,RMB5,352,168.10isexpectedtoberecognizedin2023,andRMB4,834,640.18isexpectedtoberecognizedin2024.
49.TaxesandSurcharges
Item
Item | Amountincurredinthisyear | Amountincurredlastyear |
Stampduty | 37,561,315.54 | 25,112,454.61 |
Landusetax | 25,605,090.28 | 17,657,115.79 |
Urbanmaintenanceandconstructiontax | 14,388,124.18 | 21,225,457.65 |
Propertytax | 11,346,770.43 | 13,264,477.94 |
EducationSurcharge | 7,253,707.52 | 9,423,102.41 |
Localeducationsurcharge | 3,648,187.79 | 6,341,838.85 |
Waterresourcesfund | 697,990.97 | 766,504.35 |
Others | 6,577,488.45 | 3,444,915.71 |
Total | 107,078,675.16 | 97,235,867.31 |
50.SalesCosts
Item | Amountincurredinthisyear | Amountincurredlastyear |
Employeeremuneration | 394,544,994.62 | 410,820,148.47 |
Advertisingexpense | 371,795,626.31 | 405,038,820.57 |
Warrantyfee | 190,310,768.84 | 186,239,759.56 |
Promotionalactivities | 157,616,787.85 | 199,811,766.50 |
LogisticFee | 99,881,005.27 | 395,728,038.37 |
Taxesandfund | 65,692,017.16 | 58,646,916.00 |
Travelexpense | 20,432,505.61 | 18,952,238.58 |
Rentalcharges | 21,204,278.37 | 18,695,062.27 |
Entertainmentexpenses | 15,367,291.49 | 13,710,892.65 |
Exhibitionexpenses | 8,819,407.71 | 17,841,836.83 |
Others | 82,398,212.14 | 100,141,324.47 |
Total | 1,428,062,895.37 | 1,825,626,804.27 |
Note:Accordingtothesalescontractofthecurrentyear,ifthetransportationexpensesincurredfortheperformanceofcustomercontractsdonotconstituteindividualperformanceobligations,theCompanywillincludesuchexpensesascostsrelatedtocommoditysalesintothecontractperformancecostsandintotheoperatingcosts.
512.ManagementCosts
Item
Item | Amountincurredinthisyear | Amountincurredlastyear |
Employeeremuneration | 563,542,871.74 | 524,488,419.75 |
Depreciationcharge | 127,774,142.65 | 147,324,296.40 |
Intermediaryfees | 51,683,999.24 | 100,879,921.97 |
Travelexpense | 18,560,183.40 | 14,489,183.36 |
Patentfees | 26,798,865.14 | 38,863,726.67 |
Lossonscrapingofinventories | 4,813,357.43 | 5,515,711.35 |
Utilitybills | 10,672,898.71 | 11,737,097.44 |
Others | 156,602,798.81 | 179,683,586.40 |
Total | 960,449,117.12 | 1,022,981,943.34 |
52.R&DExpenses
Item | Amountincurredinthisyear | Amountincurredlastyear |
Laborcost | 307,372,953.90 | 297,465,065.33 |
Materialexpense | 36,669,220.05 | 120,181,005.28 |
Newproducttrialproductionexpense | 86,850,733.52 | 116,276,268.41 |
Commissionservicefee | 38,572,290.59 | 32,833,667.49 |
Depreciationandamortizationexpense | 79,082,388.10 | 23,530,284.84 |
Informationusefee | 3,154,499.61 | 14,229,413.16 |
Testingexpense | 5,327,812.07 | 9,552,419.94 |
Others | 59,305,590.17 | 67,810,487.20 |
Total | 616,335,488.01 | 681,878,611.65 |
53.FinancialExpenses
Item | Amountincurredinthisyear | Amountincurredlastyear |
Item
Item | Amountincurredinthisyear | Amountincurredlastyear |
Interestexpense | 1,003,080,641.99 | 979,223,522.98 |
Less:Interestincome | 169,492,982.89 | 164,580,939.30 |
Add:Exchangeloss | 70,202,754.70 | 220,044,519.70 |
Otherexpenses | 48,851,859.95 | 56,922,864.38 |
Total | 952,642,273.75 | 1,091,609,967.76 |
54.OtherIncome
Sources | Amountincurredinthisyear | Amountincurredlastyear |
Supportfunds | 881,725,458.00 | 566,075,801.50 |
Rewardsandsubsidies | 176,611,973.06 | 247,663,680.35 |
Transferofdeferredincome | 261,773,501.33 | 36,646,447.27 |
Softwaretaxrefund | 12,585,857.26 | 30,710,313.50 |
Postsubsidies | 2,454,397.17 | 21,703,015.11 |
SubsidiesforL/Cexports | 314,298.00 | 5,555,574.57 |
Landtaxrebates | 18,069,095.29 | 15,955,706.27 |
Others | 4,622,989.46 | |
Total | 1,353,534,580.11 | 928,933,528.03 |
55.InvestmentReturns
Item | Amountincurredinthisyear | Amountincurredlastyear |
Long-termequityinvestmentincomeaccountedbyequitymethod | 78,926,555.74 | 104,288,418.75 |
Investmentincomefromdisposaloflong-termequityinvestment | 2,854,953,098.82 | 1,343,712,485.37 |
Investmentincomefromdisposaloftradingfinancialassets | 3,405,333.03 | |
Incomefromremeasurement | 1,169,723,182.43 | 885,804,841.25 |
Item
Item | Amountincurredinthisyear | Amountincurredlastyear |
ofresidualstockrightsatfairvalueafterlosingcontrolpower | ||
Interestincomeearnedoninvestmentindebtobligationsduringtheholdingperiod | 73,807,616.46 | 73,421,917.82 |
Incomefromentrustfinancialproductsandentrustloans | 21,221,916.72 | |
Adjustedinvestmentincomewithunrealizedprofitincurredfromcountercurrenttransactions | 1,081,111.64 | |
Investmentincomefromdisposaloffinancialassetsatfairvaluethroughprofitorloss | 39,396,495.93 | 399,980.27 |
Total | 4,216,806,949.38 | 2,433,336,004.85 |
Note:Theremarkableincreaseintheinvestmentincomegeneratedfromthedisposaloflong-termequityinvestmentwasmainlyduetothedisposalofsomeequityofShenzhenE2infoNetworkTechnologyCo.,Ltd.intheReportingPeriod.
56.IncomefromChangesinFairValue
Sources | Amountincurredinthisyear | Amountincurredlastyear |
Financialassetsatfairvaluethroughprofitorloss | 52,490,907.33 | 19,089,541.66 |
Total | 52,490,907.33 | 19,089,541.66 |
57.CreditImpairmentLoss
Item | Amountincurredinthisyear | Amountincurredlastyear |
17,539,258.26 | -24,930,991.28 | |
Baddebtlossofaccountsreceivable | -429,297,822.53 | -444,069,685.68 |
Baddebtlossofotherreceivables | -695,515,117.04 | -258,255,844.49 |
Baddebtlossofprepayment | - | 4,880,671.30 |
Total
Total | -1,107,273,681.31 | -722,375,850.15 |
58.ImpairmentLossesonAssets
Item | Amountincurredinthisyear | Amountincurredlastyear |
Inventorydepreciationlossandcontractperformancecostimpairmentloss | -160,020,309.63 | -172,812,626.21 |
ContractualAssetImpairmentLoss | 12,125,778.69 | -146,807,263.10 |
Impairmentlossonlong-termequityinvestment | -266,531,254.30 | -38,375,298.75 |
Impairmentlossesonfixedassets | -3,770,121.13 | -947,487.17 |
Impairmentlossesongoodwill | -185,773,986.72 | -103,464,423.24 |
Impairmentlossesonconstructioninprogress | -327,586.21 | |
Impairmentlossesonintangibleassets | -38,804,906.72 | |
Total | -643,102,386.02 | -462,407,098.47 |
59.AssetDisposalIncome(“-”forloss)
Item | Amountincurredinthisyear | Amountincurredlastyear | Amountrecordedinnon-recurringprofitorlossinthisyear |
Incomesfromdisposalofdisposalgroupsheldforsale | - | - | - |
Incomesfromdisposalofnon-currentassets | 571,964.16 | 206,315,700.34 | 571,964.16 |
Including:incomesfromdisposalofnon-currentassetsnotclassifiedastheheld-for-saleassets | 571,964.16 | 206,315,700.34 | 571,964.16 |
Ofwhich:Fixedassetsdisposalincome | 571,964.16 | 19,882,250.97 | 571,964.16 |
Intangibleassetsdisposalincome | - | 186,433,449.37 | - |
Incomefromnon-monetaryassetexchange | - | - | - |
Incomefromthedisposalofnon-currentassetsindebtrestructuring | - | - | - |
Total
Total | 571,964.16 | 206,315,700.34 | 571,964.16 |
60.Non-operatingIncome
(1)ListofNon-operatingIncome
Item | Amountincurredinthisyear | Amountincurredlastyear | Amountrecordedinnon-recurringprofitorlossinthisyear |
Compensationandpenaltyincome | 47,249,011.10 | 55,750,466.90 | 47,249,011.10 |
GovernmentsubsidiesunrelatedtothenormaloperationoftheCompany | 11,428,586.31 | 10,322,986.31 | 11,428,586.31 |
Gainsondamageandscrapofnon-currentassets | 361,063.43 | 1,076,972.21 | 361,063.43 |
Incomefromdebtrestructuring | 19,777.25 | 6,030,592.00 | 19,777.25 |
Others | 23,543,094.26 | 13,945,777.99 | 23,543,094.26 |
Total | 82,601,532.35 | 87,126,795.41 | 82,601,532.35 |
(2)GovernmentSubsidiesRecordedinCurrentProfitorLoss
Item | Distributionentity | Distributionreason | Nature |
SubsidyforChuzhouHuikeSmartHouseholdAppliancesIndustryInvestment | ChuzhouTongshengInvestmentDevelopmentCo.,Ltd. | SubsidyforparticipatinginChuzhouHuikeSmartHouseholdAppliancesIndustryInvestment | Subsidies |
Renewableresourcesprocessinganddispatchingbaseandregionalsettlementcenter | ManagementCommitteeoftheindustrialparkinWulongDistrict,ChongqingCity | Subsidyforparticipatingintherenewableresourcesprocessinganddispatchingbase | Subsidies |
Subsidyforplacementofex-soldiers | VATreliefforplacementofex-soldiers | Subsidies | |
Total |
(continued)
Item
Item | Whetherinfluencetheprofitsorlossesoftheyearornot | Specialsubsidyornot | Amountincurredinthisyear | Amountincurredlastyear | Relatedtoassets/relatedincome |
SubsidyforChuzhouHuikeSmartHouseholdAppliancesIndustryInvestment | No | No | 10,136,986.31 | 10,136,986.31 | Relatedtorevenue |
Renewableresourcesprocessinganddispatchingbaseandregionalsettlementcenter | No | No | 1,291,600.00 | Relatedtorevenue | |
Subsidyforplacementofex-soldiers | No | No | 186,000.00 | Relatedtorevenue | |
Total | 11,428,586.31 | 10,322,986.31 |
61.Non-operatingExpenses
Item | Amountofcurrentyear | Amountofpreviousyear | Amountrecordedinnon-recurringprofitorlossinthisyear |
Lossesfromdamageandscrapofnon-currentassets | 6,920,746.88 | 5,261,743.91 | 6,920,746.88 |
Compensationexpense | 1,634,178.14 | 12,762,989.57 | 1,634,178.14 |
Others | 15,889,799.33 | 7,565,741.38 | 15,889,799.33 |
Total | 24,444,724.35 | 25,590,474.86 | 24,444,724.35 |
62.IncomeTaxExpenses
(1)IncomeTaxExpenses
Item | Amountincurredinthisyear | Amountincurredlastyear |
Incometaxexpenseoftheyear | 282,256,027.61 | 259,865,247.09 |
Deferredincometaxexpense | 482,288,526.58 | -298,071,552.16 |
Total | 764,544,554.19 | -38,206,305.07 |
(2)AdjustmentProcessofAccountingProfitandIncomeTaxExpense
Item | Amountincurredinthisyear |
Item
Item | Amountincurredinthisyear |
Totalconsolidatedprofitofthisyear | 1,571,245,380.29 |
Currentincometaxexpenseaccountedatstatutory/applicabletaxrate | 392,811,345.07 |
Influenceofapplyingdifferenttaxratesbysubsidiaries | 35,461,208.21 |
Influenceofincometaxbeforeadjustment | 116,145,995.02 |
Influenceofnon-taxableincome | -201,634,758.15 |
Influenceofnon-deductiblecosts,expensesandlosses | 84,590,539.22 |
Theeffectofusingdeductiblelossesofdeferredincometaxassetsthathavenotbeenrecognizedinthepreviousperiod | -9,064,135.08 |
InfluenceofdeductibletemporarydifferenceordeductiblelossesofunrecognizeddeferredincometaxintheReportingPeriod | 414,560,009.56 |
Changesinthebalanceofdeferredincometaxassets/liabilitiesinpreviousperiodduetoadjustmentoftaxrate | -4,099,290.18 |
AdditionaldeductionforR&Dexpenses | -64,226,359.48 |
Incometaxexpenses | 764,544,554.19 |
63.OtherComprehensiveIncomeFordetails,referto"NoteVI-45OtherComprehensiveIncome".
64.CashFlowStatement
(1)CashGeneratedfrom/UsedinOtherOperating/Investing/FinancingActivities
1)Othercashreceivedfrombusinessactivities
Item | Amountincurredinthisyear | Amountincurredlastyear |
Incomefromgovernmentsubsidy | 1,127,630,135.26 | 1,171,789,839.65 |
Frontmoneyandguaranteedeposit | 425,177,436.15 | 1,343,399,027.31 |
Intercoursefunds | 209,797,069.63 | 737,849,254.12 |
Interestincomefrombankdeposits | 71,275,968.05 | 43,947,377.51 |
Compensationandpenaltyincome | 16,337,009.60 | 56,949,337.80 |
Thecommercialfactoringpayment | 2,793,522.48 | 701,570,000.00 |
Others | 163,971,164.55 | 168,111,950.02 |
Total | 2,016,982,305.72 | 4,223,616,786.41 |
2)Cashpaymentsrelatedtootheroperatingactivities
Item
Item | Amountincurredinthisyear | Amountincurredlastyear |
Expenseforcashpayment | 1,312,250,512.94 | 1,396,622,206.87 |
Paymentforguaranteedeposit,cashdeposit | 296,141,059.53 | 807,211,303.53 |
Paymentmadeonbehalf | 21,862,378.10 | 24,937,901.55 |
Expenseforbankhandlingcharges | 19,675,970.82 | 26,997,496.86 |
Thecommercialfactoringpayment | 700,000,000.00 | |
Others | 491,244,850.65 | 509,182,248.35 |
Total | 2,141,174,772.04 | 3,464,951,157.16 |
3)Othercashreceivedfrominvestmentactivities
Item | Amountincurredinthisyear | Amountincurredlastyear |
Recoveryofentrustedloans | 1,962,465,274.48 | 1,669,305,006.07 |
Cashreceivedfromacquisitionofsubsidiaries | 23,694.03 | |
Recoveryoffinancialproductsandfixedtermdeposits | 531,953,067.30 | |
Others | 425,985,130.82 | 521,000,071.70 |
Total | 2,388,474,099.33 | 2,722,258,145.07 |
4)Othercashpaidforinvestmentactivities
Item | Amountincurredinthisyear | Amountincurredlastyear |
Cashpaidfordisposalofsubsidiaries | 512,222,301.34 | |
Paymentforentrustedloans | 421,590,000.00 | 375,578,000.00 |
Purchaseofwealthmanagementproductsandtermdeposits | 639,160,000.00 | |
Others | 176,545,630.00 | 342,199,320.83 |
Total | 1,110,357,931.34 | 1,356,937,320.83 |
5)Othercashreceivedfromfundingactivities
Item
Item | Amountincurredinthisyear | Amountincurredlastyear |
Receivingentrustedloans | 504,555,407.07 | 955,993,888.99 |
Recoveryofmargindepositpledged | 443,925,442.47 | 1,139,622,285.43 |
Financingleaseaccounts | 38,000,000.00 | 659,602,970.00 |
Others | 32,643,873.47 | |
Total | 1,019,124,723.01 | 2,755,219,144.42 |
6)Othercashpaidforfundingactivities
Item | Amountincurredinthisyear | Amountincurredlastyear |
Financeleases | 468,899,445.22 | 346,079,008.76 |
Depositasmarginforpledge | 289,851,369.48 | 1,116,447,153.50 |
Repaymentofentrustedloans | 50,523,144.79 | 266,946,710.52 |
Financingcost | 31,538,566.39 | 31,573,001.17 |
Others | 87,815,061.07 | 213,638,809.72 |
Total | 928,627,586.95 | 1,974,684,683.67 |
(2)SupplementalInformationforCashFlowStatement
Item | Amountofcurrentyear | Amountofpreviousyear |
1.Reconciliationofnetprofittonetcashflowsgeneratedfromoperatingactivities | — | |
Netprofit | 806,700,826.10 | 540,073,462.44 |
Add:Provisionforimpairmentofassets | 643,102,386.02 | 462,407,098.47 |
Creditimpairmentloss | 1,107,273,681.31 | 722,375,850.15 |
Depreciationoffixedassets,oil-gasassets,andproductivebiologicalassets | 389,517,753.75 | 319,151,539.89 |
Depreciationofright-of-useassets | 46,547,315.20 |
Item
Item | Amountofcurrentyear | Amountofpreviousyear |
Amortizationofintangibleassets | 80,425,143.85 | 78,424,382.89 |
Amortizationoflong-termprepaidexpenses | 81,281,582.15 | 87,717,664.64 |
Lossesondisposaloffixedassets,intangibleassetsandotherlong-livedassets(gains:negative) | -571,964.16 | -206,315,700.34 |
Lossesonscrapoffixedassets(gains:negative) | 6,559,683.45 | 4,184,771.70 |
Lossesonchangesinfairvalue(gains:negative) | -52,490,907.33 | -19,089,541.66 |
Financecosts(gains:negative) | 953,288,367.31 | 893,158,757.67 |
Investmentloss(gains:negative) | -4,216,806,949.38 | -2,433,336,004.85 |
Decreaseindeferredincometaxassets(gains:negative) | 480,269,955.17 | -278,153,255.22 |
Increaseindeferredincometaxliabilities(“-”meansdecrease) | 6,665,936.98 | -19,647,864.12 |
Decreaseininventories(gains:negative) | 215,494,199.22 | 623,886,945.84 |
Decreaseinaccountsreceivablegeneratedfromoperatingactivities(gains:negative) | 316,775,883.03 | -2,928,968,789.79 |
Increaseinaccountspayableusedinoperatingactivities(decrease:negative) | 206,077,002.77 | 2,369,393,657.77 |
Others | -261,353,501.33 | -36,646,447.27 |
Netcashflowfromoperatingactivities | 808,756,394.11 | 178,616,528.21 |
2.Significantinvestingandfinancingactivitieswithout |
Item
Item | Amountofcurrentyear | Amountofpreviousyear |
involvementofcashreceiptsandpayments | ||
Conversionofdebttocapital | ||
Convertiblecorporatebondsmaturedwithin1Year | ||
Fixedassetunderfinancelease | ||
3.Netincrease/decreaseofcashandcashequivalent: | ||
Endingbalanceofcash | 5,968,347,219.03 | 4,298,056,113.24 |
Less:Openingbalanceofcash | 4,298,056,113.24 | 4,493,701,917.22 |
Plus:Endingbalanceofcashequivalents | ||
Less:Openingbalanceofcashequivalents | ||
Netincreaseincashandcashequivalents | 1,670,291,105.79 | -195,645,803.98 |
(3)NetCashPaidforAcquisitionofSubsidiariesthisYear
Item | Amountofcurrentyear |
Cashorcashequivalentspaidinthecurrentperiodforthebusinesscombinationoccurringinthecurrentperiod | 10,000.00 |
Ofwhich:Xi'anFeihe | 10,000.00 |
Less:cashandcashequivalentsheldbysubsidiariesonthepurchasedate | 9,800.00 |
Ofwhich:Xi'anFeihe | 9,800.00 |
Add:CashorcashequivalentsreceivedintheReportingPeriodfromdisposalofsubsidiariesinthepriorperiod | 96,500,000.00 |
Netcashpaidforacquisitionofsubsidiaries | 96,500,200.00 |
(4)NetCashReceivefromDisposaloftheSubsidiaries
Item
Item | Amountofcurrentyear |
CashorcashequivalentsreceivedintheReportingPeriodfromdisposalofsubsidiariesintheCurrentPeriod | 2,951,937,227.08 |
Ofwhich:YantaiKangyun | 34,510,000.00 |
ShenzhenKangxinProperty | 104,420,000.00 |
DongguanKangjia | 13,007,227.08 |
E2info | 2,800,000,000.00 |
Less:cashandcashequivalentsheldbysubsidiariesonthedateoflosingcontrolpower | 382,211,714.18 |
Ofwhich:YantaiKangyun | 420,807.32 |
ShenzhenKangxinProperty | 5,365,512.56 |
DongguanKangjia | 179,239.55 |
E2info | 376,246,154.75 |
Add:CashorcashequivalentsreceivedintheReportingPeriodfromdisposalofsubsidiariesinthepriorperiod | |
Netcashreceivedfromdisposalofsubsidiaries | 2,569,725,512.90 |
(5)CashandCashEquivalents
Item | Endingbalance | Openingbalance |
Cash | 5,968,347,219.03 | 4,298,056,113.24 |
Including:Cashonhand | 363.22 | 16,052.88 |
Bankdepositsondemand | 5,968,346,855.81 | 4,298,040,060.36 |
Endingbalanceofcashandcashequivalents | 5,968,347,219.03 | 4,298,056,113.24 |
65.ItemsintheStatementofChangesinShareholders'EquityThereisno“other”amounttoadjusttheamountattheendofthepreviousyearinthisperiod.
66.AssetswithRestrictedOwnershiporRighttoUse
Item | Endingbalance | Openingbalance |
Item
Item | Endingbalance | Openingbalance |
monetarycapital | 521,205,992.21 | Amongthem,RMB467,911,612.25isthemargindeposit,whichispledgedforborrowingmoneyorissuingbankacceptancebills;RMB19,966,629.15forfinancialsupervisionaccountfunds;RMB20,918,528.76istimedepositthatcannotbewithdrawninadvance;RMB12,409,222.05isrestrictedduetootherreasons. |
notesreceivable | 540,032,830.08 | Thepledgeofmakeoutaninvoice |
investmentproperty | 354,245,460.11 | mortgageloan |
fixedassets | 1,261,093,738.34 | Mortgageloan,originalshareholderguaranteemortgage,financeleasemortgage |
intangibleassets | 380,518,831.80 | Mortgageloan,mortgageguaranteedbytheoriginalshareholder |
constructioninprocess | 76,401,305.41 | Financeleasemortgage |
total | 3,133,498,157.95 |
67.ForeignCurrencyMonetaryItems
(1)ForeignCurrencyMonetaryItems
Item | Endingbalanceofforeigncurrencies | Exchangerate | EndingbalanceinRMB |
MonetaryAssets | |||
Ofwhich:USD | 104,127,945.47 | 6.3757 | 663,888,541.93 |
EUR | 72,025.29 | 7.2197 | 520,000.99 |
EGP | 6,507,341.87 | 0.4058 | 2,640,679.33 |
GBP | 1.32 | 8.6064 | 11.36 |
HKD | 12,711,963.75 | 0.8176 | 10,393,301.56 |
CAD | 6.96 | 5.0046 | 34.83 |
Item
Item | Endingbalanceofforeigncurrencies | Exchangerate | EndingbalanceinRMB |
PLN | 3,100,270.37 | 1.5717 | 4,872,694.94 |
AccountsReceivable | |||
Ofwhich:USD | 150,964,132.67 | 6.3757 | 962,502,020.66 |
EUR | 504,583.11 | 7.2197 | 3,642,938.68 |
EGP | 12,652,995.00 | 0.4058 | 5,134,585.37 |
GBP | 1,065,864.75 | 8.6064 | 9,173,258.38 |
HKD | 70,406,056.64 | 0.8176 | 57,563,991.91 |
AUD | 49,764.00 | 4.6220 | 230,009.21 |
PHP | 83,473.26 | 0.1251 | 10,442.50 |
OtherReceivables | |||
Ofwhich:USD | 97,035,927.80 | 6.3757 | 618,671,964.87 |
EGP | 8,000.00 | 0.4058 | 3,246.40 |
HKD | 1,115,429.85 | 0.8176 | 911,975.45 |
JPY | 21,400,000.00 | 0.0554 | 1,185,560.00 |
Short-termborrowings | |||
Ofwhich:USD | 89,678,741.45 | 6.3757 | 571,764,751.86 |
Accountspayable | |||
Ofwhich:USD | 35,718,564.93 | 6.3757 | 227,730,854.42 |
EGP | 5,892,833.22 | 0.4058 | 2,391,311.72 |
HKD | 34,778,229.07 | 0.8176 | 28,434,680.09 |
Otherpayables | |||
Ofwhich:EUR | 32,834.59 | 7.2197 | 237,055.89 |
EGP | 2,370,044.30 | 0.4058 | 961,763.98 |
HKD | 17,366,323.58 | 0.8176 | 14,198,706.16 |
Interestpayable | |||
Ofwhich:USD | 106,816.56 | 6.3757 | 681,030.34 |
(2)NotestoOverseasEntitiesThesignificantoverseasentitiesincludeHongKongKonka,KonkaElectricalAppliancesInternationalTrading,ChainKingdomMemoryTechnologies,KangjietongandJialiInternational.ThemainoverseasoperatingplaceisHongKong.TheCompany’srecordingcurrencyisHKDsincethemaincurrencyincirculationinHongKongisHKD.
68.GovernmentSubsidies
(1)BasicInformationonGovernmentSubsidy
Project
Project | Amount | Listeditems | Amountrecordedinthecurrentprofitorloss |
IndustrialsupportfundstoShaanxiKonka | 472,680,000.00 | Otherincome | 472,680,000.00 |
IndustrialsupportfundstoChongqing | 200,000,000.00 | Otherincome | 200,000,000.00 |
IndustrialsupportfundstoSuining | 174,000,000.00 | Otherincome | 174,000,000.00 |
Landtaxrebates | 352,861,234.75 | Otherincome/deferredincome,etc. | 277,005,086.70 |
Total | 1,199,541,234.75 | 1,123,685,086.70 |
(2)ReturnofGovernmentSubsidyNosuchcasesintheReportingPeriod.
VII.ChangesofConsolidationScope
1.Disposalofsubsidiary
Name
Name | Theequitydisposalprice | Equitydisposalproportion(%) | Methodofequitydisposal | Timeoflosingcontrol | Recognitionbasisforthetimeoflosingcontrolpower | Thedifferencesofenjoyednetassetsshareofthesubsidiaryincorrespondingconsolidatedstatementsofthedisposalpriceandthedisposalinvestment(RMB’0,000) |
DongguanKangjia | 1,300.72 | 65.00 | Transfer | 2021-12-27 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 761.65 |
E2info | 280,000.00 | 70.00 | Transfer | 2021-12-30 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 247,734.24 |
EconTechnology | 30,624.05 | 11.70 | Transfer | 2021-11-25 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 6,121.67 |
YantaiKangyun | 3,451.00 | 17.00 | Transfer | 2021-3-31 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 3,683.38 |
ShenzhenKangxinProperty | 10,442.00 | 51.00 | Transfer | 2021-6-22 | Therightsandobligationsrelatedtotheunderlyingequityhavebeentransferred | 8,597.34 |
(continued)
Name
Name | Residualequityproportiononthedateoflosingcontrolpower(%) | Carryingvalueofresidualequityonthedateoflosingcontrolpower(RMB’0,000) | Fairvalueofresidualequityonthedateoflosingcontrolpower(RMB’0,000) | Gainsorlossesfromre-measurementofresidualequityatfairvalue(RMB’0,000) | Recognitionmethodandmainassumptionoffairvalueofresidualequityonthedateoflosingcontrolpower | Amountofothercomprehensiveincomerelatedtoformersubsidiariestransferredintoinvestmentprofitorloss(RMB’0,000) |
DongguanKangjia | 35.00 | 340.56 | 692.06 | 351.50 | Evaluatedprice | |
E2info | 25.78 | 12,490.35 | 102,101.13 | 89,610.78 | Evaluatedprice | |
EconTechnology | 39.30 | 82,302.86 | 102,494.40 | 20,191.54 | Evaluatedprice | |
YantaiKangyun | 34.00 | 83.50 | 6,902.00 | 6,818.50 | Evaluatedprice | |
ShenzhenKangxinProperty | - | - | - | - | - |
2.Changeofmergerscopeforotherreasons
(1)SubsidiariesEstablishedbytheCompanyin2021
Name
Name | Registeredcapital | Shareholdingpercentage(%) | Timeandplaceofobtainingcontrolpower | Wayofgaining |
NantongHongdin | 30,000,000.00 | 100.00 | 2021-4-22 | Newlyestablished |
ChuzhouKonka | 100,000,000.00 | 94.90 | 2021-6-28 | Newlyestablished |
Xi'anHuasheng | 100,000,000.00 | 66.00 | 2021-3-4 | Newlyestablished |
KonkaSoftElectronic | 100,000,000.00 | 95.00 | 2021-3-31 | Newlyestablished |
KonkaHongyeElectronics | 100,000,000.00 | 90.10 | 2021-5-7 | Newlyestablished |
KowinMemory(HongKong) | HKD10,000,000.00 | 100.00 | 2021-2-2 | Newlyestablished |
IndustrialandTradeTechnology | 50,000,000.00 | 100.00 | 2021-2-7 | Newlyestablished |
KonkaHuazhong | 30,000,000.00 | 100.00 | 2021-6-9 | Newlyestablished |
YibinKangrunMedical | 50,000,000.00 | 82.19 | 2021-3-26 | Newlyestablished |
YibinKangrunEnvironmentalProtection | 76,000,000.00 | 53.69 | 2021-4-21 | Newlyestablished |
KangrunchengEnvironmentalTechnology | 10,000,000.00 | 26.01 | 2021-3-8 | Newlyestablished |
ShaanxiKonkaIntelligent | 120,000,000.00 | 51.00 | 2021-3-5 | Newlyestablished |
KangxinSemiconductor | 70,000,000.00 | 100.00 | 2021-6-11 | Newlyestablished |
Xi'anFeihe | 1,000,000.00 | 100.00 | 2021-9-8 | Investment |
ChongqingXinyuanSemiconductor | 50,000,000.00 | 75.00 | 2021-9-8 | Newlyestablished |
JiangxiKonkaIndustrialPark | 100,000,000.00 | 70.00 | 2021-9-14 | Newlyestablished |
RuichangKangruiRealEstate | 10,000,000.00 | 70.00 | 2021-9-14 | Newlyestablished |
IndustrialdevelopmentinWuhan | 10,000,000.00 | 51.00 | 2021-10-15 | Newlyestablished |
KangxiaojiaDigital | 20,000,000.00 | 100.00 | 2021-12-30 | Newlyestablished |
YijiakangSmartTerminal | 20,000,000.00 | 100.00 | 2021-12-30 | Newlyestablished |
ChongqingE2info | 20,000,000.00 | 95.78 | 2021-12-8 | Newlyestablished |
LanrunEnvironmentalProtection | 10,000,000.00 | 51.00 | 2021-11-24 | Newlyestablished |
GuizhouKangkaiMaterialTechnology | 10,000,000.00 | 51.00 | 2021-12-30 | Newlyestablished |
GuizhouKonkaNewMaterialTechnology | 100,000,000.00 | 51.00 | 2021-10-19 | Newlyestablished |
GuizhouKangguiEnergy | 100,000,000.00 | 100.00 | 2021-12-31 | Newlyestablished |
GuangdongXinwei | 20,000,000.00 | 100.00 | 2021-12-29 | Newlyestablished |
KangxinrunRenewable | 60,000,000.00 | 51.00 | 2021-12-30 | Newlyestablished |
Resources
Resources | ||||
GuizhouKangguiMaterialTechnology | 100,000,000.00 | 70.00 | 2021-10-25 | Newlyestablished |
SichuanChengrui | 25,000,000.00 | 80.00 | 2021-11-30 | Investment |
ChongqingJiarun | 20,000,000.00 | 80.00 | 2021-12-21 | Newlyestablished |
NantongKanghai | 50,000,000.00 | 51.00 | 2021-12-21 | Newlyestablished |
ChongqingKangyiyun | 10,000,000.00 | 80.00 | 2021-12-29 | Newlyestablished |
(2)TheCompany'sCancellationoftheDistributionofRemainingAssetsofSubsidiariesin2021
Name | Registeredcapital | Shareholdingpercentage(%) | Liquidationcompletiontime |
XiamenDalong | 2,600,000.00 | 69.23 | 2021-11-10 |
IndustrialParkDevelopment | 100,000,000.00 | 51.00 | 2021-10-28 |
KangquanEnterprise | 100,000,000.00 | 51.00 | 2021-10-25 |
KonkaSuyuan | 100,000,000.00 | 51.00 | 2021-10-27 |
ChongqingKanglei | 50,000,000.00 | 51.00 | 2021-4-7 |
HenanKangxinProperty | 50,000,000.00 | 51.00 | 2021-5-18 |
ChuanghuiSmart | 1,000,000.00 | 40.80 | 2021-11-18 |
KangxinSemiconductor | 70,000,000.00 | 100.00 | 2021-8-4 |
HefeiChainKingdomMemoryTechnologies | 5,000,000.00 | 51.00 | 2021-11-19 |
(3)Others
①TheminorityshareholdersofkonkaHongKongZhisheng,asubsidiaryoftheCompany,increasedcapital,resultinginthereductionofthecompany'sshareholdingratioto48.996%,andthecontrolofthecompanyhasbeentransferredandisnolongerincludedinthescopeofmerger.②ThecompanywillreducethecapitalcontributionoftheregisteredcapitalofShenzhenKanghuiTechnology,asubsidiaryofSunCompany.Afterthecapitalreduction,theshareholdingratiowillbeadjustedfrom51%to0.72%.Thecontrolrighthasbeentransferredandwillnolongerbeincludedinthescopeofmerger.③Thecompany'ssubsidiaryKangjiaElectricAppliancehasacceptedthebankruptcyliquidationapplicationofKangjiaElectricAppliancebythecivilrulingofShenzhenIntermediatePeople'sCourtofGuangdongProvinceonFebruary2,2021.TherelevantassetshavebeenformallytransferredtothebankruptcyadministratoronAugust9,2021,andthecontrolrightshavebeentransferredandarenolongerincludedinthescopeofmerger.
VIII.EquityinOtherEntities
1.EquityinSubsidiary
(1)Subsidiaries
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
1 | KonkaVentures | Guangdong,Shenzhen | Guangdong,Shenzhen | Enterprisemanagementconsulting,incubationmanagement,housingleasing,etc. | 51 | Establishmentorinvestment | |
2 | YantaiKonka | Shandong,Yantai | Shandong,Yantai | Otherprofessionalconsultationandinvestigation | 51 | Establishmentorinvestment | |
3 | ChengduAnren | Sichuan,Chengdu | Sichuan,Chengdu | Enterpriseincubationmanagement | 51 | Establishmentorinvestment | |
4 | KonkaEnterpriseService | Guizhou,Guiyang | Guizhou,Guiyang | Enterprisemanagementconsulting | 51 | Establishmentorinvestment | |
5 | YibinKonkaIncubator | Sichuan,Yibin | Sichuan,Yibin | Commercialservices | 51 | Establishmentorinvestment | |
6 | AnhuiKonka | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturingindustry | 78 | Establishmentor |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
investment | |||||||
7 | KangzhiTrade | Anhui,Chuzhou | Anhui,Chuzhou | Wholesale | 78 | Establishmentorinvestment | |
8 | KonkaFactoring | Guangdong,Shenzhen | Guangdong,Shenzhen | Insuranceagents(non-bankfinance) | 100 | Establishmentorinvestment | |
9 | KonkaUnifortune | Guangdong,Shenzhen | Guangdong,Shenzhen | Tradeandservices | 51 | Establishmentorinvestment | |
10 | JialiInternational | China,HongKong | China,HongKong | Tradeandservices | 51 | Establishmentorinvestment | |
11 | Wankaida | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwaredevelopment | 100 | Establishmentorinvestment | |
12 | DongguanKonka | Guangdong,Dongguan | Guangdong,Dongguan | Manufacturingindustry | 75 | 25 | Establishmentorinvestment |
13 | SuiningKonkaSmart | Sichuan,Suining | Sichuan,Suining | Wholesale | 100 | Establishmentorinvestment | |
14 | KonkaEurope | Germany, | Germany, | Internationaltrade | 100 | Establishme |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
Frankfurt | Frankfurt | ntorinvestment | |||||
15 | TelecommunicationTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Manufacturingindustry | 75 | 25 | Establishmentorinvestment |
16 | KonkaMobility | China,HongKong | China,HongKong | Commercial | 100 | Establishmentorinvestment | |
17 | MobileInterconnection | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercial | 100 | Establishmentorinvestment | |
18 | SichuanKonka | Sichuan,Yibin | Sichuan,Yibin | Manufacturingindustry | 100 | Establishmentorinvestment | |
19 | YibinSmart | Sichuan,Yibin | Sichuan,Yibin | Manufacturingindustry | 100 | Establishmentorinvestment | |
20 | AnhuiTongchuang | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturingindustry | 100 | Establishmentorinvestment | |
21 | AnhuiElectricalAppliance | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturingindustry | 51 | Establishmentorinvestment |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
22 | FrestecRefrigeration | Henan,Xinxiang | Henan,Xinxiang | Manufacturingindustry | 51 | Establishmentorinvestment | |
23 | FrestecSmartHome | Henan,Xinxiang | Henan,Xinxiang | Manufacturingindustry | 51 | Establishmentorinvestment | |
24 | FrestecElectricalAppliances | Henan,Xinxiang | Henan,Xinxiang | Manufacturingindustry | 51 | Establishmentorinvestment | |
25 | FrestecHouseholdAppliances | Henan,Xinxiang | Henan,Xinxiang | Manufacturingindustry | 51 | Establishmentorinvestment | |
26 | JiangsuKonkaSmart | Jiangsu,Changzhou | Jiangsu,Changzhou | Manufacturing | 51 | Establishmentorinvestment | |
27 | Kangjiatong | Sichuan,Yibin | Sichuan,Yibin | Tradeandservices | 100 | Establishmentorinvestment | |
28 | PengrunTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Tradeandservices | 51 | Establishmentorinvestment | |
29 | JiaxinTechnology | China,HongKong | China,HongKong | Tradeandservices | 51 | Establishmentor |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
investment | |||||||
30 | BeijingKonkaElectronic | Beijing | Beijing | Saleofhomeappliance | 100 | Establishmentorinvestment | |
31 | KonkaLeasing | TianjinPilotFreeTradeZone | TianjinPilotFreeTradeZone | Serviceindustry | 100 | Establishmentorinvestment | |
32 | KonkaCircuit | Guangdong,Shenzhen | Guangdong,Shenzhen | Manufacturingindustry | 100 | Establishmentorinvestment | |
33 | BoluoPrecision | Guangdong,Boluo | Guangdong,Boluo | Manufacturingindustry | 100 | Establishmentorinvestment | |
34 | BoluoKonka | Guangdong,Boluo | Guangdong,Boluo | Manufacturingindustry | 100 | Establishmentorinvestment | |
35 | HongKongKonka | China,HongKong | China,HongKong | Internationaltrade | 100 | Establishmentorinvestment | |
36 | HongdinInvest | China,HongKong | China,HongKong | Investmentholding | 100 | Establishmentorinvestment | |
37 | ChainKingdomMemory | China,Hong | China,Hong | Internationaltrade | 51 | Establishme |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
Technologies | Kong | Kong | ntorinvestment | ||||
38 | ChainKingdomMemoryTechnologies(Shenzhen) | Guangdong,Shenzhen | Guangdong,Shenzhen | Tradeandservices | 51 | Establishmentorinvestment | |
39 | Hongjet | China,HongKong | China,HongKong | Tradeandservices | 51 | Establishmentorinvestment | |
40 | HongdinTrading | China,HongKong | China,HongKong | Internationaltrade | 100 | Establishmentorinvestment | |
41 | KanghaoTechnology | Egypt,Cairo | Egypt,Cairo | Internationaltrade | 67 | Establishmentorinvestment | |
42 | KonkaNorthAmerica | America,California | America,California | Internationaltrade | 100 | Establishmentorinvestment | |
43 | KonkaInvestment | Guangdong,Shenzhen | Guangdong,Shenzhen | Capitalmarketservices | 100 | Establishmentorinvestment | |
44 | YibinKonkaTechnologyPark | Sichuan,Yibin | Sichuan,Yibin | Industrialparkdevelopmentandoperationmanagement | 100 | Establishmentorinvestment |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
45 | KonkaCapital | Guangdong,Shenzhen | Guangdong,Shenzhen | Capitalmarketservices | 100 | Establishmentorinvestment | |
46 | KonkaSuiyong | Guangdong,Shenzhen | Guangdong,Shenzhen | Businessserviceindustry | 51 | Establishmentorinvestment | |
47 | ShengxingIndustrial | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 51 | Establishmentorinvestment | |
48 | ZhitongTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwareandinformationtechnologyservices | 51 | Establishmentorinvestment | |
49 | ElectronicsTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Manufacturingindustry | 100 | Establishmentorinvestment | |
50 | AnhuiZhilian | Anhui,Chuzhou | Anhui,Chuzhou | e-Commerce | 100 | Establishmentorinvestment | |
51 | Youzhihui | Guangdong,Shenzhen | Guangdong,Shenzhen | Softwareandinformationtechnologyservices | 100 | Establishmentorinvestment | |
52 | XiaojiaTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Retailtrade | 100 | Establishmentor |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
investment | |||||||
53 | HaimenKonka | Jiangsu,Nantong | Jiangsu,Nantong | Tradeandservice | 100 | Establishmentorinvestment | |
54 | ChengduKonkaSmart | Sichuan,Chengdu | Sichuan,Chengdu | Tradeandservice | 100 | Establishmentorinvestment | |
55 | ChengduKonkaElectronic | Sichuan,Chengdu | Sichuan,Chengdu | Manufacturingindustry | 100 | Establishmentorinvestment | |
56 | XingDaHongYe | Zhongshan,Guangdong | Guangdong,Zhongshan | Manufacturingindustry | 51 | Establishmentorinvestment | |
57 | ShanghaiXinfeng | Shanghai | Shanghai | Tradeandservice | 51 | Establishmentorinvestment | |
58 | LiaoyangKangshunSmart | Liaoyang,Liaoning | Liaoyang,Liaoning | Wholesale | 100 | Establishmentorinvestment | |
59 | LiaoyangKangshunRenewable | Liaoyang,Liaoning | Liaoyang,Liaoning | Comprehensiveutilizationofrenewableresources | 100 | Establishmentorinvestment | |
60 | NanjingKonka | Jiangsu,Nanjing | Jiangsu,Nanjing | Wholesale | 100 | Establishme |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
ntorinvestment | |||||||
61 | YantaiLaikang | Shandong,Yantai | Shandong,Yantai | Commercialservices | 51 | Establishmentorinvestment | |
62 | KonkaHuanjia | Dalian,Liaoning | Dalian,Liaoning | Renewableresourcesprocessingtrade | 51 | Establishmentorinvestment | |
63 | KonkaHuanjia(Henan) | Henan,Lankao | Henan,Lankao | Renewableresourceprocessingtrade | 51 | Establishmentorinvestment | |
64 | ShanghaiKonka | Shanghai | Shanghai | Realestate | 100 | Establishmentorinvestment | |
65 | YantaiKangjin | Shandong,Yantai | Shandong,Yantai | Realestate | 62.8 | Establishmentorinvestment | |
66 | JiangxiKonka | Jiangxi,Jiujiang | Jiangxi,Jiujiang | Manufacturingandprocessing | 51 | Establishmentorinvestment | |
67 | XinfengMicrocrystalline | Jiangxi,Nanchang | Jiangxi,Nanchang | Manufacturingandprocessing | 51 | Establishmentorinvestment |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
68 | JiangsuKonkaSpecialMaterial | Jiangsu | Yancheng | Wholesale | 51 | Establishmentorinvestment | |
69 | ShenzhenNianhua | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 100 | Establishmentorinvestment | |
70 | ShenzhenKONSEMI | Guangdong,Shenzhen | Guangdong,Shenzhen | Semiconductors | 100 | Establishmentorinvestment | |
71 | HefeiKONSEMI | Anhui,Hefei | Anhui,Hefei | Integratedcircuitdesign | 51 | Establishmentorinvestment | |
72 | YiheElectronic | Anhui,Hefei | Anhui,Hefei | Wholesale | 51 | Establishmentorinvestment | |
73 | ChongqingKonka | Chongqing | Chongqing | Softwareandinformationtechnologyservices | 100 | Establishmentorinvestment | |
74 | KonkaEco-Development | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 51 | Establishmentorinvestment | |
75 | SuiningKonkaIndustrialPark | Sichuan,Suining | Sichuan,Suining | Industrialparkdevelopmentandoperationmanagement | 100 | Establishmentor |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
investment | |||||||
76 | KonkaRonghe | Zhejiang,Jiaxing | Zhejiang,Jiaxing | Wholesaleandretailtrade | 51 | Establishmentorinvestment | |
77 | SuiningElectronicTechnologicalInnovation | Sichuan,Suining | Sichuan,Suining | Commercialservices | 100 | Establishmentorinvestment | |
78 | ShenzhenChuangzhiElectricalAppliances | Guangdong,Shenzhen | Guangdong,Shenzhen | Wholesale | 100 | Establishmentorinvestment | |
79 | Kanghong(Yantai)EnvironmentalProtection | Shandong,Yantai | Shandong,Yantai | Comprehensiveutilizationofabandonedresources | 51 | Establishmentorinvestment | |
80 | ChongqingKangxingrui | Chongqing | Chongqing | Recycling,processingandsalesofrenewableresources | 51 | Establishmentorinvestment | |
81 | ChongqingKangxingruiAutomobileRecycling | Chongqing | Chongqing | Recycling,processingandsalesofwasteresources | 51 | Establishmentorinvestment | |
82 | ChongqingOptoelectronicTechnologyResearchInstitute | Chongqing | Chongqing | Research&experimentdevelopment | 75 | Establishmentorinvestment |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
83 | KowinMemory(Shenzhen) | Guangdong,Shenzhen | Guangdong,Shenzhen | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
84 | KonkaXinyunSemiconductor | Yancheng,Jiangsu | Yancheng,Jiangsu | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
85 | Jiangkang(Shanghai)Technology | Shanghai | Shanghai | Research&experimentdevelopment | 51 | Establishmentorinvestment | |
86 | NingboKanghrElectricalAppliance | Zhejiang,Ningbo | Zhejiang,Ningbo | Electricalmachineryandequipmentmanufacturing | 60 | Establishmentorinvestment | |
87 | KonkaIntelligentManufacturing | Guangdong,Shenzhen | Guangdong,Shenzhen | Research&experimentdevelopment | 51 | Establishmentorinvestment | |
88 | SuiningJiarunProperty | Sichuan,Suining | Sichuan,Suining | Realestate | 100 | Establishmentorinvestment | |
89 | YibinKangrun | Yibin,Sichuan | Yibin,Sichuan | Ecologicalprotectionandenvironmentalgovernanceindustry | 67 | Establishmentorinvestment | |
90 | KonkaMaterial | Hainan,Haikou | Hainan,Haikou | Commercialservices | 100 | Establishmentor |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
investment | |||||||
91 | JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | Jiangxi,Jiujiang | Jiangxi,Jiujiang | Manufacturingandprocessing | 51 | Establishmentorinvestment | |
92 | NantongHongdin | Jiangsu,Nantong | Jiangsu,Nantong | Computer,telecommunicationsandotherelectronicequipmentmanufacturing | 100 | Establishmentorinvestment | |
93 | ChuzhouKonka | Anhui,Chuzhou | Anhui,Chuzhou | Manufacturingindustry | 94.9 | Establishmentorinvestment | |
94 | Xi'anHuasheng | Shaanxi,Xi’an | Shaanxi,Xi’an | Realestate | 100 | Establishmentorinvestment | |
95 | KonkaSoftElectronic | Sichuan,Suining | Sichuan,Suining | Manufacturingindustry | 95 | Establishmentorinvestment | |
96 | KonkaHongyeElectronics | Sichuan,Suining | Sichuan,Suining | Manufacturingindustry | 90.1 | Establishmentorinvestment | |
97 | KowinMemory(HongKong) | HongKong | HongKong | Wholesaleofcomputers,softwareandauxiliaryequipment | 100 | Establishmentor |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
investment | |||||||
98 | IndustrialandTradeTechnology | Guangdong,Shenzhen | Guangdong,Shenzhen | Wholesale | 100 | Establishmentorinvestment | |
99 | KonkaHuazhong | Hunan,Changsha | Hunan,Changsha | Businessserviceindustry | 100 | Establishmentorinvestment | |
100 | YibinKangrunMedical | Sichuan,Yibin | Sichuan,Yibin | Ecologicalprotectionandenvironmentalgovernanceservices | 63.65 | Establishmentorinvestment | |
101 | YibinKangrunEnvironmentalProtection | Sichuan,Yibin | Sichuan,Yibin | Ecologicalprotectionandenvironmentalgovernanceservices | 40.87 | Establishmentorinvestment | |
102 | ShaanxiKonkaIntelligent | Shaanxi,Xi’an | Shaanxi,Xi’an | Manufactureofhouseholdcleaningandsanitaryelectricalappliances | 51 | Establishmentorinvestment | |
103 | Xi'anFeihe | Shaanxi,Xi’an | Shaanxi,Xi’an | Catering | 100 | Establishmentorinvestment | |
104 | ChongqingXinyuanSemiconductor | Chongqing | Chongqing | Scienceandtechnologypromotionandapplicationservices | 75 | Establishmentorinvestment | |
105 | JiangxiKonkaIndustrial | Jiangxi,Jiujiang | Jiangxi,Jiujiang | Realestate | 70 | Establishme |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
Park | ntorinvestment | ||||||
106 | RuichangKangruiRealEstate | Jiangxi,Jiujiang | Jiangxi,Jiujiang | Realestate | 70 | Establishmentorinvestment | |
107 | IndustrialdevelopmentinWuhan | Hubei,Wuhan | Hubei,Wuhan | Commercialservices | 51 | Establishmentorinvestment | |
108 | KangxiaojiaDigital | Guangdong,Shenzhen | Guangdong,Shenzhen | SoftwareandITservices | 100 | Establishmentorinvestment | |
109 | KanghongDongsheng | Guangdong,Shenzhen | Guangdong,Shenzhen | Commercialservices | 95.09 | Establishmentorinvestment | |
110 | YijiakangSmartTerminal | Guangdong,Shenzhen | Guangdong,Shenzhen | SoftwareandITservices | 100 | Establishmentorinvestment | |
111 | GuizhouKangkaiMaterialTechnology | QiandongnanMiaoandDongAutonomousPrefecture,GuizhouProvince | QiandongnanMiaoandDongAutonomousPrefecture,GuizhouProvince | Manufacturingandprocessing | 51 | Establishmentorinvestment |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
112 | GuizhouKonkaNewMaterialTechnology | QiannanMiaoandDongAutonomousPrefecture,GuizhouProvince | QiannanMiaoandDongAutonomousPrefecture,GuizhouProvince | Manufacturingandprocessing | 51 | Establishmentorinvestment | |
113 | GuizhouKangguiEnergy | QiannanMiaoandDongAutonomousPrefecture,GuizhouProvince | QiannanMiaoandDongAutonomousPrefecture,GuizhouProvince | Wholesaleandretail | 100 | Establishmentorinvestment | |
114 | GuangdongXinwei | Lufeng,Guangdong | Lufeng,Guangdong | Semiconductors | 100 | Establishmentorinvestment | |
115 | KangxinruiRenewableResources | Chongqing | Chongqing | Recycling,processingandsalesofrenewableresources | 51 | Establishmentorinvestment | |
116 | GuizhouKangguiMaterialTechnology | QiannanMiaoandDongAutonomousPrefecture,GuizhouProvince | QiannanMiaoandDongAutonomousPrefecture,GuizhouProvince | Manufacturingandprocessing | 70 | Establishmentorinvestment |
No.
No. | Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
Directly | Indirectly | ||||||
117 | SichuanChengrui | Sichuan,Chengdu | Sichuan,Chengdu | Realestate | 80 | Establishmentorinvestment | |
118 | ChongqingJiarun | Chongqing | Chongqing | Realestate | 80 | Establishmentorinvestment | |
119 | NantongKanghai | Jiangsu,Nantong | Jiangsu,Nantong | Realestate | 51 | Establishmentorinvestment | |
120 | ChongqingKangyiyun | Chongqing | Chongqing | Realestate | 80 | Establishmentorinvestment |
(2)SignificantNon-wholly-ownedSubsidiary
Name | Shareholdingproportionofnon-controllinginterests | Profitorlossattributabletominorityshareholdersthisyear | Declaringdividendsdistributedtominorityshareholdersthisyear | Endingbalanceofminorityinterests |
ChainKingdomMemoryTechnologiesCo., | 49.00% | 8,186,550.75 | 69,037,221.99 |
Limited
(3)TheMainFinancialInformationofSignificantNotWholly-ownedSubsidiary
Limited
Name
Name | Endingbalance | |||||
Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
ChainKingdomMemoryTechnologiesCo.,Limited | 1,122,601,899.81 | 1,496,802.37 | 1,124,098,702.18 | 983,206,412.40 | 983,206,412.40 |
(continued)
Name | Openingbalance | |||||
Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
ChainKingdomMemoryTechnologiesCo.,Limited | 1,222,933,011.37 | 515,766.12 | 1,223,448,777.49 | 1,095,464,158.88 | 1,095,464,158.88 |
(continued)
Name | Amountincurredinthisyear | |||
Revenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
ChainKingdomMemoryTechnologiesCo.,Limited | 9,416,436,242.22 | 16,707,246.42 | 12,907,671.17 | 163,768,485.18 |
(continued)
Name
Name | Amountincurredlastyear | |||
Revenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
ChainKingdomMemoryTechnologiesCo.,Limited | 8,261,027,364.98 | 31,266,708.21 | 23,658,314.91 | -66,646,309.67 |
2.EquityinJointVenturesorAssociatedEnterprises
(1)SignificantJointVenturesorAssociatedEnterprises
Name
Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Accountingtreatmentoftheinvestmenttojointventureorassociatedenterprise | |
Directly | Indirectly | |||||
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | Zhuhai | Zhuhai | Investmentmanagement | - | 49.95 | Equitymethod |
ShenzhenJielunteTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Professionalmachinerymanufacturing | - | 42.79 | Equitymethod |
(2)MainFinancialInformationofSignificantAssociatedEnterprise
Item | Endingbalance/amountincurredthisyear | |
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | ShenzhenJielunteTechnologyCo.,Ltd. | |
Currentassets | 945,498,650.28 | 273,102,104.88 |
Non-currentassets | - | 220,186,531.13 |
Totalassets | 945,498,650.28 | 493,288,636.01 |
Currentliabilities | 730.00 | 258,379,870.36 |
Non-currentliabilities | - | 18,381,235.37 |
Totalliabilities | 730.00 | 276,761,105.73 |
Equityofnon-controllinginterests | - | 9,047,500.16 |
EquityattributabletoshareholdersoftheCompanyastheparent | 945,497,920.28 | 207,480,030.12 |
Netassetssharescalculatedattheshareholdingproportion | 467,638,787.38 | 94,278,354.91 |
Adjusteditems | - | - |
-Goodwill | - | - |
-Internalunrealizedprofit | - | - |
-Others | - | - |
Item
Item | Endingbalance/amountincurredthisyear | |
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | ShenzhenJielunteTechnologyCo.,Ltd. | |
Carryingvalueofinvestmenttoassociatedenterprises | 467,638,787.38 | 94,278,354.91 |
Fairvaluesofequityinvestmentsofjointventureswithquotedprices | - | - |
Revenue | - | 475,403,349.60 |
Financialexpenses | -517,521.24 | 5,058,668.75 |
Incometaxexpenses | - | - |
Netprofit | 45,293,790.73 | 12,209,183.84 |
Netprofitfromdiscontinuedoperations | - | - |
Othercomprehensiveincome | - | - |
Totalcomprehensiveincome | 45,293,790.73 | 12,209,183.84 |
Dividendsreceivedfromthejointventureinthecurrentperiod | - | - |
(continued)
Item | Openingbalance/amountincurredlastyear | |
DongfangKonkaNo.1(Zhuhai)PrivateEquityInvestmentFund(LP) | ShenzhenJielunteTechnologyCo.,Ltd. | |
Currentassets | 686,710,061.46 | 271,865,221.76 |
Non-currentassets | - | 227,090,375.33 |
Totalassets | 686,710,061.46 | 498,955,597.09 |
Currentliabilities | 285,530.00 | 276,139,120.51 |
Non-currentliabilities | - | 18,498,130.14 |
Totalliabilities | 285,530.00 | 294,637,250.65 |
Equityofnon-controllinginterests | - | 10,008,858.78 |
EquityattributabletoshareholdersoftheCompanyastheparent | 686,424,531.46 | 194,309,487.66 |
Netassetssharescalculatedattheshareholdingproportion | 336,170,619.84 | 83,145,029.77 |
Adjusteditems | - | - |
-Goodwill | - | - |
-Internalunrealizedprofit | - | - |
-Others | - | - |
Carryingvalueofinvestmenttoassociatedenterprises
Carryingvalueofinvestmenttoassociatedenterprises | 336,170,619.84 | 89,187,905.40 |
Fairvaluesofequityinvestmentsofjointventureswithquotedprices | - | - |
Revenue | - | 430,517,695.83 |
Financialexpenses | -257,638.57 | 7,466,767.66 |
Incometaxexpenses | - | - |
Netprofit | 84,878,495.25 | 6,140,227.28 |
Netprofitfromdiscontinuedoperations | - | - |
Othercomprehensiveincome | - | - |
Totalcomprehensiveincome | 84,878,495.25 | 6,140,227.28 |
Dividendsreceivedfromthejointventureinthecurrentperiod | - | - |
(3)SummaryFinancialInformationofInsignificantJointVenturesorAssociatedEnterprises
Item | Endingbalance/ReportingPeriod | Beginningbalance/Sameperiodoflastyear |
Associatedenterprises: | ||
Totalcarryingvalueofinvestment | 3,617,582,425.90 | 3,249,236,533.91 |
Thetotaloffollowingitemsaccordingtotheshareholdingproportions | ||
--Netprofit | -32,617,474.82 | 431,670.21 |
--Othercomprehensiveincome | 1,486,737.16 | -335,456.79 |
--Totalcomprehensiveincome | -31,130,737.66 | 96,213.42 |
IX.TheRiskRelatedtoFinancialInstruments
TheCompany’smainfinancialinstrumentsincludeborrowings,accountsreceivable,accountspayable,tradingfinancialassetsandliabilities,etc.PleaserefertoNoteVIfordetaileddescriptionsofvariousfinancialinstruments.Risksrelatedtothesefinancialinstruments,andriskmanagementpoliciestheCompanyhasadoptedtoreducetheserisksaredescribedasfollows.TheCompanymanagementmanagesandmonitorstheriskexposureinordertoensuretheaboveriskstobecontrolledinalimitedscope.
1.VariousRiskManagementObjectivesandPolicies
ThegoalsoftheCompanyengagedintheriskmanagementistoachievetheproperbalancebetweentherisksandbenefits,reducedthenegativeimpacttotheCompanyoperating
performancerisktoaminimum,maximizedtheprofitsofshareholdersandotherequityinvestors.Basedontheriskmanagementgoal,thebasicstrategyoftheCompany'sriskmanagementisdetermineandanalyzethevariousrisksfacedbytheCompany,setupthebottomlineofriskandconductedappropriateriskmanagement,andtimelysupervisedvariousrisksinareliablewayandcontrolledtheriskwithintherangeoflimit.
(1)MarketRisk
1)ForeignExchangeRiskForeignexchangeriskreferstotherisksthatmayleadtolossesduetofluctuationinexchangerate.TheforeignexchangeriskbornebytheCompanyisrelatedtoUSD.ExcepttheprocurementandsalesinUSDoftheCompany'ssubsidiariesHongKongKonka,HongdinTrading,ChainKingdomMemoryTechnologies,HongjetandJiali,theCompany'sotherprimarybusinessactivitiesaresettledinRMB.ThecurrencyriskarisingfromtheassetsandliabilitiesofsuchbalanceinUSDmayaffecttheGroup'soperatingresults.AsatDecember31,2021,theCompany'sassetsandliabilitiesweremainlythebalanceinRMBexceptfortheassetsorliabilitiesofabalanceinUSDaslistedbelow.
Item
Item | Endingbalance | Openingbalance |
MonetaryAssets | 104,127,945.47 | 95,989,561.32 |
AccountsReceivable | 150,964,132.67 | 132,221,173.92 |
OtherReceivables | 97,035,927.80 | 135,938,277.17 |
Interestsreceivable | - | - |
Short-termborrowings | 89,678,741.45 | 59,159,714.38 |
Accountspayable | 35,718,564.93 | 42,417,352.11 |
Interestpayable | 106,816.56 | 99,200.24 |
Thecompanypayscloseattentiontotheimpactofexchangeratechangesonthecompany'sforeignexchangerisk,andrequiresmajorcompaniesinthegroupthatpurchaseandsellinforeigncurrencytopayattentiontothechangesinforeigncurrencyassetsandliabilities,managethegroup'sforeigncurrencynetassetexposureinaunifiedway,implementsinglecurrencysettlement,andreducethescaleofforeigncurrencyassetsandliabilities,soastoreduceforeignexchangeriskexposure.
2)InterestRateRisk
TheCompanybearsinterestrateriskduetointerestratechangesofinterest-bearingfinancialassetsandliabilities.TheCompany'sinterestbearingfinancialassetsaremainlybankdeposits,ofwhichthevariableinterestrateismostlyshort-term,whiletheinterestbearingfinancialliabilitiesaremainlybankloansandcorporatebonds.TheCompany'slong-termborrowingsfrombanks
andcorporationbondsareatfixedinterestrates.Theriskofcashflowchangesoffinancialinstrumentscausedbyinterestratechangesismainlyrelatedtoshort-termborrowingsfrombankswithfloatinginterestrates.TheCompany'spolicyistomaintainthefloatinginterestratesofsuchborrowingstoeliminatethefairvalueriskofinterestratechanges.AsatDecember31,2021,thebalanceofsuchshort-termborrowingswasRMB9,920,675,121.08.
(2)CreditRiskAsatDecember31,2021,themaximumcreditriskexposurethatmaycausefinanciallossestotheCompanymainlycamefromlossesgeneratedfromtheCompany'sfinancialassetsduetofailureoftheotherpartyinacontracttoperformitsobligationsandthefinancialguaranteeundertakenbytheCompany,including:
Thecarryingamountoffinancialassetsrecognizedintheconsolidatedbalancesheet;forfinancialinstrumentsmeasuredatfairvalue,thebookvaluereflectstheirriskexposure,butnotthemaximumriskexposure,andthemaximumriskexposurewillchangewiththechangeoffuturefairvalue.
Inordertoreducecreditrisk,thecompanyhassetupagrouptodeterminethecreditlimit,conductcreditapproval,andimplementothermonitoringprocedurestoensurethatnecessarymeasuresaretakentorecoveroverdueclaims.Inaddition,thecompanyreviewstherecoveryofeachsinglereceivableoneachbalancesheetdatetoensurethatsufficientbaddebtprovisionismadefortheunrecoverableamount.Therefore,thecompany'smanagementbelievesthatthecompany'screditriskhasbeengreatlyreduced.
Thecompany'sworkingcapitalisdepositedinbankswithhighcreditrating,sothecreditriskofworkingcapitalislow.
TheCompanyhasadoptednecessarypoliciestoensurethatallcustomershavegoodcreditrecords.Exceptforthetopfivecustomersintermsoftheamountofaccountsreceivable,theCompanyhasnoothermajorcreditconcentrationrisk.ForthefinancialassetsoftheCompanythathavebeenindividuallyimpaired,pleasereferto4.AccountsReceivableand7.OtherReceivablesinNoteVI.
(3)LiquidityRisk
Liquidityriskreferstotheriskthatthecompanyisunabletofulfillitsfinancialobligationsontheduedate.TheCompanymanagesliquidityriskinthemethodofensuringthatthereissufficientliquiditytofulfilldebtobligationswithoutcausingunacceptablelossordamagetotheCompany’sreputation.Inordertomitigatetheliquidityrisk,theManagementoftheCompanyhascarriedoutadetailedinspectionontheliquidityofthecompany,includingthematurityof
accountspayableandotherpayables,bankcreditlineandbondfinancing.TheconclusionisthattheCompanyhassufficientfundstomeettheneedsoftheGroup'sshort-termdebtsandcapitalexpenditure.TheanalysisofthefinancialassetsandfinancialliabilitiesheldbytheCompanybasedonthematurityperiodoftheundiscountedremainingcontractualobligationsisasfollows:
AmountasatDecember31,2021:
Item
Item | Within1year | 1to2years | 2to5years | Over5years | Total |
Financialassets | |||||
MonetaryAssets | 6,489,553,211.24 | 6,489,553,211.24 | |||
TradingFinancialAssets | |||||
NotesReceivable | 1,777,477,481.28 | 1,777,477,481.28 | |||
AccountsReceivable | 2,545,971,668.54 | 235,342,241.13 | 616,415,571.40 | 3,397,729,481.07 | |
OtherReceivables | 924,516,397.19 | 470,258,621.48 | 437,099,206.98 | 5,585,479.99 | 1,837,459,705.64 |
Long-termReceivables | 18,495,499.14 | 18,495,499.14 | |||
OtherCurrentAssets | 2,299,963,391.24 | 2,299,963,391.24 | |||
Financialliabilities | |||||
Short-termborrowings | 9,920,675,121.08 | 9,920,675,121.08 | |||
Notespayable | 1,116,336,958.91 | 1,116,336,958.91 | |||
Accountspayable | 3,479,614,154.99 | 187,662,627.95 | 116,372,165.57 | 666,142.90 | 3,784,315,091.41 |
Otherpayables | 1,227,053,185.80 | 341,685,100.85 | 198,495,865.33 | 20,943,596.61 | 1,788,177,748.59 |
Payrollpayable | 410,747,084.80 | 410,747,084.80 | |||
Non-currentliabilitiesduewithinoneyear | 5,089,586,269.32 | 5,089,586,269.32 | |||
Long-termborrowings | 678,762,768.40 | 2,850,377,770.69 | 3,529,140,539.09 | ||
BondsPayable | 2,293,698,899.30 | 2,293,698,899.30 | |||
Long-termpayables | 140,687,570.78 | 140,687,570.78 |
2.Sensitivityanalysis
TheCompanyadoptssensitivityanalysistechnologytoanalyzethepossibleimpactofreasonableandpossiblechangesofriskvariablesoncurrentprofits/lossesorshareholders’equity.Asanyriskvariablerarelychangesinisolation,andthecorrelationbetweenvariableswillhaveasignificanteffectonthefinalimpactamountofthechangeofariskvariable,thefollowingcontentisbasedontheassumptionthatthechangeofeachvariableisindependent.
(1)Sensitivityanalysisofforeignexchangerisk
Assumptionforthesensitivityofforeignexchangerisk:Allnetinvestmenthedgingandcashflowhedgingofoverseasoperationsarehighlyeffective.
Onthebasisoftheaboveassumption,undertheconditionthatothervariablesremainunchanged,theimpactofreasonablechangesintheexchangerateoncurrentprofits/lossesandequityaftertaxisasfollows:
Item
Item | Exchangeratefluctuations | 2021 | |
Impactonnetprofit | Impactonshareholders'equity | ||
USD | Appreciationof1%againstRMB | 12,853,238.99 | 8,701,675.59 |
USD | Depreciationof1%againstRMB | -12,853,238.99 | -8,701,675.59 |
(2)SensitivityAnalysisofInterestRateRisk
Sensitivityanalysisofinterestrateriskisbasedonthefollowingassumptions:
Changesinmarketinterestratesaffecttheinterestincomeorexpenseoffinancialinstrumentswithvariableinterestrates;
Forfinancialinstrumentswithfixedinterestratesmeasuredatfairvalue,marketinterestratechangesaffectonlytheirinterestincomeorexpense;
Changesinthefairvaluesofderivativefinancialinstrumentsandotherfinancialassetsandliabilitiesarecalculatedatthemarketinterestrateonthebalancesheetdatebydiscountedcashflow.
Onthebasisoftheaboveassumptionsandundertheconditionthatothervariablesremainunchanged,theimpactofreasonablechangesintheinterestrateoncurrentprofits/lossesandequityaftertaxisasfollows:
Item | Interestratefluctuations | 2021 | |
Impactonnetprofit | Impactonshareholders'equity |
Borrowingsatfloatinginterestrates
Borrowingsatfloatinginterestrates | Up0.5% | 37,933,596.24 | 37,001,565.94 |
Borrowingsatfloatinginterestrates | Down0.5% | -37,933,596.24 | -37,001,565.94 |
X.TheDisclosureofFairValue
1.EndingFairValueofAssetsandLiabilitiesatFairValue
Item
Item | Endingfairvalue | |||
Fairvaluemeasurementitemsatlevel1 | Fairvaluemeasurementitemsatlevel2 | Fairvaluemeasurementitemsatlevel3 | Total | |
I.Consistentfairvaluemeasurement | -- | -- | -- | -- |
i.TradingFinancialAssets | ||||
1.Financialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod | ||||
(II)Accountsreceivablefinancing | 71,490,688.54 | 71,490,688.54 | ||
(II)Otherequityinvestments | ||||
(III)Otherequityinstrumentinvestment | 23,841,337.16 | 23,841,337.16 | ||
(IV)Investmentproperties | ||||
(V)Biologicalassets | ||||
(V)Othernon-currentfinancialassets | 2,293,361,603.68 | 2,293,361,603.68 |
Item
Item | Endingfairvalue | |||
Fairvaluemeasurementitemsatlevel1 | Fairvaluemeasurementitemsatlevel2 | Fairvaluemeasurementitemsatlevel3 | Total | |
Thetotalamountofassetsconsistentlymeasuredatfairvalue | 71,490,688.54 | 2,317,202,940.84 | 2,388,693,629.38 | |
Totalamountofliabilitiesatfairvalue | ||||
II.Inconsistentfairvaluemeasurement | -- | -- | -- | -- |
Totalassetsofinconsistentfairvaluemeasurement | ||||
Totalliabilitiesofinconsistentfairvaluemeasurement |
2.2BasisforDeterminingtheMarketPricesofConsistentandInconsistentFairValueMeasurementItemsatLevel1InputvalueatLevel1istheunadjustedquotationintheactivemarketofthesameassetsorliabilitiesthatcanbeobtainedonthemeasurementdate.
3.ValuationTechniqueAdoptedandQualitativeandQuantitativeInformationofImportantParametersforConsistentandInconsistentFairValueMeasurementItemsatLevel2
TheLevel2fairvaluemeasurementofinputvalueatLevel2istheinputvalueobservabledirectlyorindirectlyofrelevantassetsorliabilitiesexclusiveofinputvalueatLevel1.
4.ValuationTechniqueAdoptedandQualitativeandQuantitativeInformationofImportantParametersforConsistentandInconsistentFairValueMeasurementItemsatLevel3
InputvalueatLevel3istheinputvalueunobservableofrelevantassetsorliabilities.XI.RelatedPartyandRelated-partyTransaction
(I)RelationshipofRelatedParty
1.ControllingShareholderandtheUltimateController
(1)ControllingShareholderandtheUltimateController
Name
Name | Registrationplace | Natureofbusiness | Registeredcapital | ShareholdingratiototheCompany(%) | VotingrightratiototheCompany(%) |
OCTGroupCo.Ltd. | Shenzhen | Tourism,realestate,electronicsindustry | RMB12billion | 29.999997 | 29.999997 |
Note:TheultimatecontrolleroftheCompanyisState-ownedAssetsSupervisorCommissionoftheStateCouncil.
(2)TheRegisteredCapitaloftheControllingShareholderanditsChanges
Controllingshareholders
Controllingshareholders | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance |
OCTGroupCo.Ltd. | 12,000,000,000.00 | - | - | 12,000,000,000.00 |
(3)ControllingShareholders’SharesorEquityandtheirChanges
Controllingshareholders | Shareholdingamount | Shareholdingpercentage(%) | ||
Endingbalance | Openingbalance | Endingpercentage | Openingpercentage | |
OCTGroupCo.Ltd. | 722,383,542.00 | 722,383,542.00 | 29.999997 | 29.999997 |
2.SubsidiaryRefertonoteVIII-1.(1)Subsidiariesfortheinformationofsubsidiaries.
3.AssociatedEnterprisesandJointVenturesRefertoNoteVIII-2.(1)SignificantAssociatedEnterprisesfordetailsofsignificantassociatedenterprisesoftheCompany.InformationonotherjointventuresorassociatedenterprisesoccurringconnectedtransactionswiththeCompanyinReportingPeriod,orformingbalanceduetoconnectedtransactionsmadeinpreviousperiod:
Name | RelationshipwiththeCompany |
AnhuiKaikaiShijieE-commerceCo.,Ltd. | Associate |
BinzhouBeihaiWeiqiaoSolidWasteTreatmentCo.,Ltd. | Associate |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | Associate |
ChutianDragonCo.,Ltd. | Associate |
OrientExcellent(Zhuhai)AssetManagementCo.,Ltd. | Associate |
DongguanKonkaInvestmentCo.,Ltd. | Associate |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd. | Associate |
Name
Name | RelationshipwiththeCompany |
DongguanKangzhihuiElectronicsCo.,Ltd. | Associate |
FeidiTechnology(Shenzhen)Co.,Ltd. | Associate |
HenanKangfeiIntelligentElectricalAppliancesCo.,Ltd. | Associate |
PuchuangJiakangTechnologyCo,Ltd. | Associate |
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd. | Associate |
ShenzhenJielunteTechnologyCo.,Ltd. | Associate |
ShenzhenKanghongxingSmartTechnologyCo.,Ltd. | Associate |
ShenzhenKondaE-displayCo.,Ltd. | Associate |
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd. | Associate |
ShenzhenKonkaJiapinIntelligentElectricalApparatusCo.,Ltd. | Associate |
ShenzhenYaodeTechnologyCo.,Ltd. | Associate |
ShenzhenE2infoNetworkTechnologyCo.,Ltd. | Associate |
SichuanAimijiakangTechnologyCo.,Ltd. | Associate |
SichuanHuayiJiakangTechnologyCo.,Ltd. | Associate |
KKSmartechLimited | Associate |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | Associate |
E3info(Hainan)TechnologyCo.,Ltd. | Associate |
ShandongEconTechnologyCo.,Ltd. | Associate |
ChongqingQingjiaElectronicsCo.,Ltd. | Associate |
4.InformationonOtherRelatedParties
Name | RelationshipwiththeCompany |
HOHOELECTRICAL&FURNITURECO.,LIMITED | Minorityshareholderofsubsidiary |
Name
Name | RelationshipwiththeCompany |
ChuzhouHanshangElectricApplianceCo.,Ltd. | Minorityshareholderofsubsidiary |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | Minorityshareholderofsubsidiary |
DaiYaojin | Minorityshareholderofsubsidiary |
GuangdongWanrunTonghengCultural&TourismDevelopmentCo.,Ltd. | Minorityshareholderofsubsidiary |
GuizhouHuajinrunTechnologyCo.Ltd. | Minorityshareholderofsubsidiary |
KoreaElectricGroupCo.,Ltd. | Minorityshareholderofsubsidiary |
HuZehong | Minorityshareholderofsubsidiary |
HuanjiaGroupCo.,Ltd. | Minorityshareholderofsubsidiary |
LiangRuiling | Minorityshareholderofsubsidiary |
ShenzhenGuoxinMicro-electronicsCo.,Ltd. | Minorityshareholderofsubsidiary |
ShenzhenHenglongtongTechnologyCo.,Ltd. | Minorityshareholderofsubsidiary |
ShenzhenUnifortuneSupplyChainManagementCo.,Ltd. | Minorityshareholderofsubsidiary |
WuGuoren | Minorityshareholderofsubsidiary |
XiaoYongsong | Minorityshareholderofsubsidiary |
YantaiBaijiangyuanEnterpriseManagementCenter(LimitedPartnership) | Minorityshareholderofassociates |
YantaiFengqingtaiInvestmentCenter(LimitedPartnership) | Minorityshareholderofassociates |
YantaiQingjiangchuanBusinessManagementCenter(LimitedPartnership) | Minorityshareholderofassociates |
YantaiQingrunyuanEnterpriseManagementCenter(LimitedPartnership) | Minorityshareholderofassociates |
YudongEnvironmentalProtectionTechnologyCo.,Ltd. | Minorityshareholderofsubsidiary |
Name
Name | RelationshipwiththeCompany |
ChongqingLiangshanIndustrialInvestmentCo.,Ltd. | Minorityshareholderofsubsidiary |
ZhuXinming | Minorityshareholderofsubsidiary |
Unifortune(HongKong)Co.,Ltd. | Acompanycontrolledbyminorityshareholderofsubsidiary |
ChongqingRuiyinRenewableResourcesCo.,Ltd. | Theultimatecontrolleroftheminorityshareholdersofthesubsidiary |
JiangxiMeijiEnterpriseCo.,Ltd. | Thecompanycontrolledbytheultimatecontrolleroftheminorityshareholdersofthesubsidiary |
DaiRongxing | Closefamilymembersofminorityshareholders |
YantaiKangyueInvestmentCo.,Ltd. | Subsidiaryofassociatedenterprise |
ChongqingLanlvMomaRealEstateDevelopmentCo.,Ltd. | Subsidiaryofassociatedenterprise |
(II)Related-partyTransactions
1.Related-partytransactionsofpurchaseandsaleofgoods,provisionandacceptanceofservices
(1)Purchasinggoods/receivingservices
Relatedparty | Content | Amountincurredinthisyear | Amountincurredlastyear |
ChongqingRuiyinRenewableResourcesCo.,Ltd.anditssubsidiaries | Purchaseofgoodsandservices | 2,272,578,727.02 | 1,364,898,749.95 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | Purchasinggoods | 677,309,389.23 | 698,636,167.54 |
PuchuangJiakangTechnologyCo,Ltd. | Purchasinggoods | 240,633,703.30 | 373,695,088.37 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesaswellasitsassociatedenterprises | Purchasinggoods | 72,163,184.57 | 90,173,202.26 |
KoreaElectricGroupCo.,Ltd.anditssubsidiaries | Purchasinggoods | 55,836,238.79 |
Relatedparty
Relatedparty | Content | Amountincurredinthisyear | Amountincurredlastyear |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | Purchaseofservices | 55,547,081.78 | 31,079,892.62 |
ShenzhenKondaE-displayCo.,Ltd.(formerlyknownasShenzhenKondaE-displayCommercialScreenCo.,Ltd.) | Purchasinggoods | 46,107,911.06 | 13,372,446.76 |
DongguanKonkaSmartElectronicTechnologyCo.,Ltd.(formerlyknownasDongguanKonkaElectronicSmartTechnologyCo.,Ltd.) | Purchaseofgoodsandservices | 23,557,646.94 | 15,988,606.86 |
HOHOELECTRICAL&FURNITURECO.,LIMITED | Purchasinggoods | 22,211,733.88 | 50,041,528.06 |
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | Purchaseofgoodsandservices | 12,374,579.16 | 306,706.67 |
KKSmartechLimited | Purchasinggoods | 10,780,582.86 | |
OrientExcellent(Zhuhai)AssetManagementCo.,Ltd. | Purchaseofservices | 8,421,613.00 | |
ShenzhenKangyingSemiconductorTechnologyCo.,Ltd. | Purchasinggoods | 8,227,826.34 | |
E3info(Hainan)TechnologyCo.,Ltd.anditssubsidiaries | Purchaseofgoodsandservices | 110,324.70 | 5,006,164.56 |
Subtotalofotherrelatedparties | Purchaseofgoodsandservices | 4,226,348.93 | 82,475,970.70 |
(2)Informationofsalesofgoodsandprovisionoflaborservice
Relatedparty | Content | Amountincurredinthisyear | Amountincurredlastyear |
KoreaElectricGroupCo.,Ltd.anditssubsidiaries | Salesofgoods | 279,074,296.50 | |
ChuzhouHanshangElectricApplianceCo.,Ltd. | SalesofGoodsandProvisionofLaborService | 192,124,416.17 | 47,780,642.42 |
Relatedparty
Relatedparty | Content | Amountincurredinthisyear | Amountincurredlastyear |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | SalesofGoodsandProvisionofLaborService | 144,139,658.68 | 112,863,678.04 |
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | SalesofGoodsandProvisionofLaborService | 103,201,296.73 | 443,843,708.04 |
SichuanHuayiJiakangTechnologyCo.,Ltd. | SalesofGoodsandProvisionofLaborService | 70,997,038.78 | |
ShandongKangfeiIntelligentElectricalAppliancesCo.,Ltd.(formerlyknownasShandongKonkaZhijiaElectricalAppliancesCo.,Ltd.) | SalesofGoodsandProvisionofLaborService | 63,427,905.20 | 47,720,206.98 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesaswellasitsassociatedenterprises | SalesofGoodsandProvisionofLaborService | 52,708,375.55 | 66,305,912.40 |
HOHOELECTRICAL&FURNITURECO.,LIMITED | SalesofGoods | 49,653,058.20 | 115,451,594.04 |
HenanKangfeiIntelligentElectricalAppliancesCo.,Ltd.(formerlyknownasHenanKonkaZhijiaElectricalAppliancesCo.,Ltd.) | SalesofGoodsandProvisionofLaborService | 49,621,167.82 | 35,730,677.80 |
Relatedparty
Relatedparty | Content | Amountincurredinthisyear | Amountincurredlastyear |
ShenzhenKondaE-displayCo.,Ltd.(formerlyknownasShenzhenKondaE-displayCommercialScreenCo.,Ltd.) | SalesofGoodsandProvisionofLaborService | 43,781,944.59 | 33,606,160.84 |
SichuanAimijiakangTechnologyCo.,Ltd. | SalesofGoods | 28,278,036.50 | |
DongguanKonkaSmartElectronicTechnologyCo.,Ltd.(formerlyknownasDongguanKonkaElectronicSmartTechnologyCo.,Ltd.) | Salesofgoodsandrenderlaborservice | 28,080,693.48 | 22,454,105.62 |
E3info(Hainan)TechnologyCo.,Ltd.anditssubsidiaries | Salesofgoodsandrenderlaborservice | 9,540,876.11 | 17,158,367.26 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd.anditssubsidiaries | Renderlaborservice | 5,660,377.20 | |
ShenzhenKonkaJiapinIntelligentElectricalApparatusCo.,Ltd.(formerlyknownasShenzhenKonkaIntelligentElectricalApparatusCo.,Ltd.) | Renderlaborservice | 3,272,741.19 | 75,623,621.40 |
ShenzhenYaodeTechnologyCo.,Ltd. | SalesofGoods | 32,701,728.34 | |
Subtotalofotherrelatedparties | SalesofGoodsandProvisionofLaborService | 12,771,623.73 | 23,376,249.99 |
1.InformationonRelated-partyLease
(1)Leasesituation
Nameoflessor
Nameoflessor | Nameoflessee | Categoryofleasedassets | Leasefeerecognizedthisyear | Leasefeerecognizedlastyear |
OCTGroupCo.,Ltd.anditssubsidiaries | KonkaGroupCo.,Ltd. | Commercialresidencesandofficebuildings | 1,571,011.20 | 1,793,893.44 |
OCTGroupCo.,Ltd.anditssubsidiaries | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | Commercialresidencesandofficebuildings | 21,435,068.58 | 25,095,479.94 |
2.InformationonRelated-partyGuarantee
(1)TheCompanywasguarantor
Securedparty | Contractedguaranteeamount(RMB10,000) | Actualguaranteeamount(RMB10,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
NingboKanghrElectricalAppliance | 6,000.00 | 2,400.00 | CNY | 2020-10-15 | 2022-7-26 | No |
NingboKanghrElectricalAppliance | 6,000.00 | 600.00 | CNY | 2021-7-12 | 2022-7-11 | No |
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 24,500.00 | 2,450.00 | CNY | 2019-9-23 | 2022-9-22 | No |
AnhuiTongchuang | 3,000.00 | 3,000.00 | CNY | 2020-8-6 | 2021-8-5 | No |
AnhuiTongchuang | 5,000.00 | 4,400.00 | CNY | 2021-1-21 | 2022-1-20 | No |
AnhuiTongchuang | 4,500.00 | 4,500.00 | CNY | 2021-2-25 | 2022-2-25 | No |
AnhuiTongchuang | 3,500.00 | - | CNY | 2021-5-12 | 2022-3-28 | No |
Securedparty
Securedparty | Contractedguaranteeamount(RMB10,000) | Actualguaranteeamount(RMB10,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
AnhuiTongchuang | 6,000.00 | 5,000.00 | CNY | 2021-7-16 | 2022-7-16 | No |
AnhuiTongchuang | 3,000.00 | - | CNY | 2021-10-28 | 2022-10-27 | No |
DongguanKonka | 5,000.00 | 5,000.00 | CNY | 2021-2-8 | 2022-2-1 | No |
DongguanKonka | 80,000.00 | 11,739.87 | CNY | 2021-6-23 | 2031-5-7 | No |
ElectronicsTechnology | 7,000.00 | 6,936.55 | CNY | 2021-10-18 | 2022-11-14 | No |
ElectronicsTechnology | 50,000.00 | 50,000.00 | CNY | 2021-11-5 | 2022-7-16 | No |
EconTechnology | 24,000.00 | 4,015.11 | CNY | 2021-8-11 | 2022-1-21 | No |
EconTechnology | 3,000.00 | 3,000.00 | CNY | 2021-1-29 | 2022-1-28 | No |
EconTechnology | 5,000.00 | 5,000.00 | CNY | 2021-3-24 | 2022-3-23 | No |
EconTechnology | 8,800.00 | 8,000.00 | CNY | 2021-6-8 | 2022-6-7 | No |
EconTechnology | 5,000.00 | 5,000.00 | CNY | 2021-6-18 | 2022-6-17 | No |
EconTechnology | 10,000.00 | 9,000.00 | CNY | 2021-6-28 | 2022-6-27 | No |
TelecommunicationTechnology | 7,500.00 | 4,009.92 | CNY | 2021-4-30 | 2022-4-30 | No |
SichuanKonka | 4,000.00 | 4,000.00 | CNY | 2019-3-18 | 2022-3-17 | No |
YibinOCTSanjiangPropertiesCo.,Ltd. | 14,000.00 | 6,258.00 | CNY | 2019-9-29 | 2022-9-28 | No |
XingDaHongYe | 5,800.00 | 5,452.00 | CNY | 2020-11-12 | 2022-11-12 | No |
XingDaHongYe | 2,000.00 | 1,441.56 | CNY | 2020-12-25 | 2023-12-25 | No |
XingDaHongYe | 1,250.00 | - | CNY | 2021-5-31 | 2023-8-31 | No |
XingDaHongYe | 750.00 | 620.54 | CNY | 2021-5-31 | 2023-8-31 | No |
BoluoPrecision | 2,480.11 | 1,341.67 | CNY | 2020-8-19 | 2023-8-19 | No |
JiangxiKonka | 5,500.00 | 1,365.44 | CNY | 2019-6-26 | 2022-6-25 | No |
Securedparty
Securedparty | Contractedguaranteeamount(RMB10,000) | Actualguaranteeamount(RMB10,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
JiangxiKonka | 6,500.00 | 2,148.36 | CNY | 2019-10-30 | 2022-10-30 | No |
JiangxiKonka | 990.00 | 990.00 | CNY | 2020-3-20 | 2022-3-19 | No |
JiangxiKonka | 6,000.00 | 5,000.00 | CNY | 2021-6-26 | 2022-6-25 | No |
JiangxiKonka | 10,000.00 | 6,662.79 | CNY | 2020-9-29 | 2023-9-29 | No |
JiangxiKonka | 10,000.00 | 3,000.00 | CNY | 2020-11-6 | 2023-12-1 | No |
JiangxiKonka | 5,000.00 | 4,800.00 | CNY | 2020-12-21 | 2022-12-31 | No |
JiangxiKonka | 1,000.00 | 660.92 | CNY | 2020-12-30 | 2023-12-30 | No |
XinfengMicrocrystalline | 5,000.00 | 2,564.39 | CNY | 2020-5-19 | 2023-5-19 | No |
XinfengMicrocrystalline | 3,478.85 | 1,316.61 | CNY | 2020-5-29 | 2022-11-29 | No |
XinfengMicrocrystalline | 2,100.00 | 1,398.92 | CNY | 2020-12-8 | 2023-12-8 | No |
XinfengMicrocrystalline | 7,200.00 | 6,000.00 | CNY | 2021-12-27 | 2022-12-26 | No |
XinfengMicrocrystalline | 7,200.00 | 3,000.00 | CNY | 2021-6-18 | 2022-6-21 | No |
JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | 10,000.00 | 2,070.17 | CNY | 2019-6-26 | 2022-6-26 | No |
JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | 5,000.00 | 1,744.17 | CNY | 2019-12-20 | 2022-12-20 | No |
JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | 5,000.00 | 2,159.39 | CNY | 2020-1-8 | 2023-1-8 | No |
Securedparty
Securedparty | Contractedguaranteeamount(RMB10,000) | Actualguaranteeamount(RMB10,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | 5,000.00 | 1,282.19 | CNY | 2020-1-8 | 2022-1-8 | No |
JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | 990.00 | 990.00 | CNY | 2020-3-20 | 2022-3-19 | No |
JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | 5,975.00 | 2,199.20 | CNY | 2020-5-29 | 2022-11-29 | No |
JiangxiHighTransparentSubstrate(formerlyknownas“Nano-GrystallizedGlass”) | 6,000.00 | 3,407.88 | CNY | 2020-7-14 | 2023-7-14 | No |
HongKongKonka | 20,000.00 | 3,056.58 | CNY | 2020-12-28 | 2021-9-9 | No |
HongKongKonka | 11,000.00 | 9,882.34 | CNY | 2021-9-8 | 2021-11-6 | No |
HongKongKonka | 1,500.00 | 1,500.00 | USD | 2021-2-26 | 2022-2-26 | No |
AnhuiKonka | 10,000.00 | 7,000.00 | CNY | 2020-11-25 | 2021-11-24 | No |
AnhuiKonka | 20,000.00 | 12,180.00 | CNY | 2021-3-25 | 2022-3-25 | No |
AnhuiKonka | 5,500.00 | 2,984.65 | CNY | 2021-4-2 | 2022-4-2 | No |
AnhuiKonka | 12,000.00 | 3,973.36 | CNY | 2021-4-25 | 2022-4-25 | No |
AnhuiKonka | 28,000.00 | 4,027.99 | CNY | 2021-8-10 | 2031-7-15 | No |
AnhuiKonka | 7,000.00 | 5,000.00 | CNY | 2021-10-29 | 2026-10-28 | No |
Securedparty
Securedparty | Contractedguaranteeamount(RMB10,000) | Actualguaranteeamount(RMB10,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
YibinKangrun | 10,000.00 | 10,000.00 | CNY | 2020-11-13 | 2024-12-31 | No |
SichuanKonka | 14,000.00 | 10,000.00 | CNY | 2018-5-28 | 2025-5-24 | No |
SichuanKonka | 28,771.89 | - | CNY | 2021-12-3 | 2025-5-24 | No |
KonkaCircuit | 20,000.00 | 11,109.70 | CNY | 2021-5-24 | 2024-11-30 | No |
MobileInterconnection | 5,000.00 | 5,000.00 | CNY | 2021-8-11 | 2022-8-11 | No |
KonkaXinyunSemiconductor | 20,000.00 | 6,000.00 | CNY | 2021-7-12 | 2022-7-11 | No |
AnhuiElectricalAppliance | 13,500.00 | 12,500.00 | CNY | 2020-7-3 | 2023-7-1 | No |
BoluoPrecision | 12,449.00 | 2,495.22 | CNY | 2021-7-6 | 2023-7-5 | No |
BoluoPrecision | 500.00 | 500.00 | CNY | 2021-6-28 | 2022-6-27 | No |
LiaoyangKangshunSmart | 2,000.00 | 2,000.00 | CNY | 2021-12-23 | 2022-12-22 | No |
(2)TheCompanywassecuredparty
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
ElectronicsTechnology | 50,000.00 | CNY | 2021-8-17 | 2022-8-16 | No |
OCTGroupCo.Ltd. | 150,000.00 | CNY | 2020-6-22 | 2022-6-22 | No |
OCTGroupCo.Ltd. | 50,000.00 | CNY | 2020-6-24 | 2022-6-24 | No |
OCTGroupCo.Ltd. | 100,000.00 | CNY | 2021-1-8 | 2024-1-8 | No |
OCTGroupCo.Ltd. | 50,000.00 | CNY | 2021-5-21 | 2024-5-21 | No |
OCTGroupCo.Ltd. | 80,000.00 | CNY | 2021-7-9 | 2024-7-9 | No |
OCTGroupCo.Ltd. | 150,000.00 | CNY | 2019-1-14 | 2022-1-14 | No |
OCTGroupCo.Ltd. | 50,000.00 | CNY | 2019-6-3 | 2022-6-3 | No |
OCTGroupCo.Ltd. | 70,000.00 | CNY | 2019-7-22 | 2022-7-22 | No |
Guarantor:
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
OCTGroupCo.Ltd. | 150,000.00 | CNY | 2021-6-24 | 2024-6-23 | No |
YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 1,967.40 | CNY | 2021-8-11 | 2022-1-21 | No |
YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 1,470.00 | CNY | 2021-1-29 | 2022-1-28 | No |
YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 2,450.00 | CNY | 2021-3-24 | 2022-3-23 | No |
YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 3,920.00 | CNY | 2021-6-8 | 2022-6-7 | No |
Guarantor:
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 2,450.00 | CNY | 2021-6-18 | 2022-6-17 | No |
YantaiBaijiangyuanBusinessManagementCenter(LP),YantaiFengqingtaiInvestmentCenter(LP),YantaiQingrunyuanBusinessManagementCenter(LP),YantaiQingjiangchuanBusinessManagementCenter(LP) | 4,410.00 | CNY | 2021-6-28 | 2022-6-27 | No |
HuZehong,LiangRuiling,DaiYaojin | 2,671.48 | CNY | 2020-11-12 | 2022-11-12 | No |
HuZehong,LiangRuiling,DaiYaojin | 706.37 | CNY | 2020-12-25 | 2023-12-25 | No |
HuZehong,LiangRuiling,DaiYaojin | 304.07 | CNY | 2021-5-31 | 2023-8-31 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 669.07 | CNY | 2019-6-26 | 2022-6-25 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 1,052.70 | CNY | 2019-10-30 | 2022-10-30 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 485.10 | CNY | 2020-3-20 | 2022-3-19 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 2,450.00 | CNY | 2021-6-26 | 2022-6-25 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 3,264.77 | CNY | 2020-9-29 | 2023-9-29 | No |
ZhuXinming | 1,470.00 | CNY | 2020-11-6 | 2023-12-1 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 2,352.00 | CNY | 2020-12-21 | 2022-12-31 | No |
ZhuXinming | 323.85 | CNY | 2020-12-30 | 2023-12-30 | No |
JiangxiXinzixinReal | 1,256.55 | CN | 2020-5-19 | 2023-5-19 | No |
Guarantor:
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
EstateCo.,Ltd. | Y | ||||
JiangxiXinzixinRealEstateCo.,Ltd. | 645.14 | CNY | 2020-5-29 | 2022-11-29 | No |
ZhuXinming | 685.47 | CNY | 2020-12-8 | 2023-12-8 | No |
ZhuXinming | 2,940.00 | CNY | 2021-12-27 | 2022-12-26 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 1,470.00 | CNY | 2021-6-18 | 2022-6-21 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 1,014.38 | CNY | 2019-6-26 | 2022-6-26 | No |
ZhuXinming | 854.64 | CNY | 2019-12-20 | 2022-12-20 | No |
ZhuXinming | 1,058.10 | CNY | 2020-1-8 | 2023-1-8 | No |
ZhuXinming | 628.27 | CNY | 2020-1-8 | 2022-1-8 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 485.10 | CNY | 2020-3-20 | 2022-3-19 | No |
JiangxiXinzixinRealEstateCo.,Ltd. | 1,077.61 | CNY | 2020-5-29 | 2022-11-29 | No |
ZhuXinming | 1,669.86 | CNY | 2020-7-14 | 2023-7-14 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 1,540.00 | CNY | 2020-11-25 | 2021-11-24 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 2,679.60 | CNY | 2021-3-25 | 2022-3-25 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 656.62 | CNY | 2021-4-2 | 2022-4-2 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 874.14 | CNY | 2021-4-25 | 2022-4-25 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 886.16 | CNY | 2021-8-10 | 2031-7-15 | No |
ChuzhouState-ownedAssetsManagementCo.,Ltd. | 1,100.00 | CNY | 2021-10-29 | 2026-10-28 | No |
ShandongEcon | 3,300.00 | CN | 2020-11-13 | 2024-12-31 | No |
Guarantor:
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
TechnologyCo.,Ltd. | Y | ||||
ChuzhouHanshangElectricApplianceCo.,Ltd. | 989.45 | CNY | 2021-5-31 | 2022-5-19 | No |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 3,544.51 | CNY | 2021-6-1 | 2022-5-19 | No |
HuZehong,LiangRuiling,DaiYaojin | 7,349.02 | CNY | 2018-7-1 | 2025-12-31 | No |
KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | 1,322.54 | CNY | 2020-12-16 | 2021-12-15 | No |
ShenzhenGuoxinMicro-electronicsCo.,Ltd. | 4,100.44 | CNY | 2019-8-22 | 2022-12-31 | No |
ShenzhenHenglongtongTechnologyCo.,Ltd.,GuizhouHuajinrunTechnologyCo.Ltd.,HuayingGaokedeElectronicsTechnologyCo.,Ltd.,HuayingGaokelongElectronicsTechnologyCo.,Ltd. | 1,041.09 | CNY | 2018-1-1 | 2021-12-31 | No |
ShenzhenHenglongtongTechnologyCo.,Ltd.,GuizhouHuajinrunTechnologyCo.Ltd.,HuayingGaokedeElectronicsTechnologyCo.,Ltd.,HuayingGaokelongElectronicsTechnologyCo.,Ltd.,ShenzhenBailiYongxingTechnologyCo.,Ltd.
735.00 | CNY | 2018-1-1 | 2021-12-31 | No | |
SuiyongRongxinAssetManagementCo.,Ltd. | 5,292.00 | CNY | 2018-1-1 | 2022-12-31 | No |
YuanShengxiang,YudongEnvironmentalProtectionTechnologyCo.,Ltd. | 8,820.00 | CNY | 2020-8-19 | 2025-10-31 | No |
ZhuXinming | 2,200.20 | CNY | 2021-2-9 | 2022-3-8 | No |
ZhuXinming | 13,249.19 | CNY | 2021-2-19 | 2022-2-18 | No |
ZhuXinming | 8,330.00 | CN | 2021-11-1 | 2022-2-28 | No |
Guarantor:
Guarantor: | Guaranteeamount(RMB’0,000) | Currency | Startdate | Enddate | Executionaccomplishedornot |
Y | |||||
ZhuXinming | 12,446.00 | CNY | 2021-11-2 | 2022-10-14 | No |
AUJETINDUSTRYLIMITED | 3,316.81 | USD | 2021-5-1 | 2023-12-31 | No |
AUJETINDUSTRYLIMITED | 1,029.00 | USD | 2020-9-1 | 2023-12-31 | No |
GuizhouHuajinrunTechnologyCo.Ltd.,GuizhouJiaguidaTechnologyCo.,Ltd.,GuanganOuqishiElectronicTechnologyCo.,Ltd. | 879.80 | USD | 2018-1-1 | 2021-12-31 | No |
ShenzhenUnifortuneSupplyChainManagementCo.,Ltd. | 1,869.84 | USD | 2021-6-21 | 2022-12-31 | No |
ShenzhenUnifortuneSupplyChainManagementCo.,Ltd. | 1,112.30 | USD | 2021-6-22 | 2022-12-31 | No |
WuGuorenandXiaoYongsong | 6,933.50 | USD | 2019-12-31 | 2024-12-31 | No |
3.BorrowingsofFunds
Nameofrelatedparties | Amount | Currency | Startdate | Maturitydate |
Borrowing: | ||||
OCTGroupCo.Ltd. | 10,910,000.00 | CNY | 2020-12-7 | 2022-12-9 |
OCTGroupCo.Ltd. | 1,000,000,000.00 | CNY | 2021-10-9 | 2024-2-25 |
OCTGroupCo.Ltd. | 200,000,000.00 | CNY | 2021-11-16 | 2024-2-25 |
E3info(Hainan)TechnologyCo.,Ltd. | 50,000,000.00 | CNY | 2021-12-5 | 2022-6-4 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 105,350,000.00 | CNY | 2021-2-1 | 2022-1-31 |
Total | 1,366,260,000.00 | |||
Lending: | ||||
ChongqingLanlvMomaRealEstateDevelopmentCo.,Ltd. | 188,430,000.00 | CNY | 2020-11-25 | 2021-11-24 |
YantaiKangyueInvestmentCo.,Ltd.
YantaiKangyueInvestmentCo.,Ltd. | 128,527,000.00 | CNY | 2021-12-16 | 2022-12-15 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 152,880,000.00 | CNY | 2021-12-18 | 2022-12-17 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 7,350,000.00 | CNY | 2021-1-6 | 2022-1-5 |
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 167,580,000.00 | CNY | 2021-3-26 | 2022-3-26 |
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 74,436,380.39 | CNY | 2021-1-13 | 2022-2-25 |
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 24,500,000.00 | CNY | 2021-6-15 | 2022-6-14 |
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 58,800,000.00 | CNY | 2021-9-16 | 2022-9-15 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 100,200,000.00 | CNY | 2020-11-23 | 2022-11-22 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 9,490,000.00 | CNY | 2021-11-22 | 2022-8-24 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 13,940,000.00 | CNY | 2021-12-8 | 2022-8-24 |
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 3,230,000.00 | CNY | 2021-12-29 | 2022-8-24 |
DongguanKonkaInvestmentCo.,Ltd. | 196,000,000.00 | CNY | 2021-8-6 | 2022-8-5 |
ShandongEconTechnologyCo.,Ltd. | 48,707,451.77 | CNY | 2021-6-29 | 2022-2-25 |
ShandongEconTechnologyCo.,Ltd. | 60,000,000.00 | CNY | 2021-8-20 | 2022-2-25 |
ShandongEconTechnologyCo.,Ltd. | 30,000,000.00 | CNY | 2021-9-6 | 2022-2-25 |
ShandongEconTechnologyCo.,Ltd. | 288,000,000.00 | CNY | 2021-11-3 | 2022-2-25 |
ChongqingLiangshanIndustrialInvestmentCo.,Ltd. | 1,000,000.00 | CNY | 2021-12-2 | 2022-11-28 |
ChongqingLiangshanIndustrialInvestmentCo.,Ltd. | 99,000,000.00 | CNY | 2021-12-2 | 2022-11-28 |
ChongqingLiangshan | 24,000,000.00 | CNY | 2021-12-24 | 2022-12-23 |
4.InformationonAssetsTransferandDebtRestructuringbyRelatedParty
Nameofrelatedparties
Nameofrelatedparties | Content | Amountincurredinthisyear | Amountincurredlastyear |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | Equitytransfer | 1,400,000,000.00 | 470,986,530.00- |
ChutianDragonCo.,Ltd. | Equitytransfer | 1,000,000.00 | - |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | Assignmentofpatentrights | - | 188,200,000.00 |
Total | 1,401,000,000.00 | 659,186,530.00 |
5.InformationonRemunerationforKeyManagementPersonnel
Project | Amountincurredinthisyear(RMB10,000) | Amountincurredinlastyear(RMB10,000) |
Totalremuneration | 2,646.29 | 2,953.87 |
(III)BalanceswithRelatedParty
1.AccountsReceivable
Relatedparty | Endingbalance | Openingbalance | ||
Carryingbalance | Baddebtprovision | Carryingbalance | Baddebtprovision | |
Accountsreceivable: | ||||
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | 148,730,451.88 | 8,135,088.28 | 153,854,753.25 | 3,170,897.81 |
IndustrialInvestmentCo.,Ltd.
IndustrialInvestmentCo.,Ltd. | ||||
ChongqingLiangshanIndustrialInvestmentCo.,Ltd. | 96,000,000.00 | CNY | 2021-12-24 | 2022-12-23 |
Total | 1,772,070,832.16 |
Relatedparty
Relatedparty | Endingbalance | Openingbalance | ||
Carryingbalance | Baddebtprovision | Carryingbalance | Baddebtprovision | |
ShenzhenYaodeTechnologyCo.,Ltd. | 131,032,162.46 | 65,516,081.23 | 134,098,413.80 | 12,181,165.68 |
HOHOELECTRICAL&FURNITURECO.,LIMITED | 113,606,433.75 | 7,481,903.77 | 124,721,168.78 | 6,447,669.98 |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 84,983,568.24 | 1,879,172.85 | 68,938,082.60 | 1,503,214.49 |
ShenzhenKanghongxingSmartTechnologyCo.,Ltd.(formerlyknownasShenzhenKonkaInformationNetworkCo.,Ltd.) | 39,940,213.90 | 6,151,331.52 | 38,956,293.90 | 5,163,003.42 |
ChuzhouHanshangElectricApplianceCo.,Ltd. | 45,393,066.82 | 926,018.56 | 5,810,068.20 | 118,525.39 |
ShenzhenE2infoNetworkTechnologyCo.,Ltd.anditssubsidiaries | 27,311,757.32 | 569,055.58 |
Relatedparty
Relatedparty | Endingbalance | Openingbalance | ||
Carryingbalance | Baddebtprovision | Carryingbalance | Baddebtprovision | |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesaswellasitsassociatedenterprises | 22,468,132.66 | 458,349.90 | 38,228,985.16 | 974,569.50 |
ShenzhenKondaE-displayCo.,Ltd.(formerlyknownasShenzhenKondaE-displayCommercialScreenCo.,Ltd.) | 12,099,780.90 | 247,013.76 | 12,709,150.65 | 343,432.80 |
Subtotalofotherrelatedparties | 27,367,315.41 | 583,847.73 | 61,469,607.24 | 4,970,120.16 |
Total | 652,932,883.34 | 91,947,863.18 | 638,786,523.58 | 34,872,599.23 |
Financingaccountsreceivable/Notesreceivable: | ||||
KoreaElectricGroupCo.,Ltd.anditssubsidiaries | 15,000,000.00 | |||
ChuzhouHanshangElectricApplianceCo.,Ltd. | 14,000,000.00 |
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
Relatedparty
Relatedparty | Endingbalance | Openingbalance | ||
Carryingbalance | Baddebtprovision | Carryingbalance | Baddebtprovision | |
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | 1,815,713.26 | 2,231,739.87 | ||
Subtotalofotherrelatedparties | 2,243,687.84 | |||
Total | 30,815,713.26 | 4,475,427.71 | ||
Interestreceivable: | ||||
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 7,564,562.01 | |||
YantaiKangyueInvestmentCo.,Ltd. | 10,910,514.22 | |||
ChongqingLanlvMomaRealEstateDevelopmentCo.,Ltd.(formerlyknownasChongqingKonkaFuzeRealEstateCo.,Ltd.) | 15,828,119.98 | |||
Total | 34,303,196.21 | |||
Dividendsreceivable |
Relatedparty
Relatedparty | Endingbalance | Openingbalance | ||
Carryingbalance | Baddebtprovision | Carryingbalance | Baddebtprovision | |
ChongqingQingjiaElectronicsCo.,Ltd. | 547,848.62 | |||
BinzhouBeihaiWeiqiaoSolidWasteTreatmentCo.,Ltd. | 4,400,000.00 | |||
Total | 4,947,848.62 | |||
Otherreceivables: | ||||
ChongqingLiangshanIndustrialInvestmentCo.,Ltd. | 223,196,349.34 | 4,553,205.53 | 262,878,000.00 | 5,362,711.20 |
JiangxiMeijiEnterpriseCo.,Ltd. | 93,512,640.31 | 52,729,155.43 | 93,512,640.31 | 18,833,017.29 |
DaiRongxing | 79,974,500.96 | 52,816,781.04 | 82,914,871.05 | 21,175,816.98 |
ShenzhenKanghongxingSmartTechnologyCo.,Ltd.(formerlyknownasShenzhenKonkaInformationNetworkCo.,Ltd.) | 36,670,149.78 | 23,809,925.53 |
Relatedparty
Relatedparty | Endingbalance | Openingbalance | ||
Carryingbalance | Baddebtprovision | Carryingbalance | Baddebtprovision | |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 30,429,787.06 | 19,968,912.07 | 30,431,127.39 | 14,223,018.11 |
HuanjiaGroupCo.,Ltd. | 25,083,675.53 | 17,302,185.43 | 23,065,103.20 | 9,226,041.28 |
HOHOELECTRICAL&FURNITURECO.,LIMITED | 2,237,153.78 | 224,162.83 | 5,519,421.05 | 112,596.19 |
Subtotalofotherrelatedparties | 117,002.15 | 46,468.84 | 473,279.18 | 21,303.41 |
Total | 491,221,258.91 | 171,450,796.70 | 498,794,442.18 | 68,954,504.46 |
Prepayments: | ||||
ShenzhenKanghongxingSmartTechnologyCo.,Ltd.(formerlyknownasShenzhenKonkaInformationNetworkCo.,Ltd.) | 4,298,225.15 | 40,220,535.22 | ||
KKSmartechLimited | 1,534,918.13 | |||
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiariesaswellasitsassociatedenterprises | 13,483,626.36 |
Relatedparty
Relatedparty | Endingbalance | Openingbalance | ||
Carryingbalance | Baddebtprovision | Carryingbalance | Baddebtprovision | |
HOHOELECTRICAL&FURNITURECO.,LIMITED | 7,655,079.81 | |||
PuchuangJiakangTechnologyCo,Ltd. | 5,111,181.00 | |||
Subtotalofotherrelatedparties | 961,888.99 | 5,647,733.34 | ||
Total | 6,795,032.27 | 72,118,155.73 | ||
Currentportionofnon-currentassets: | ||||
FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | 10,395,523.78 | 30,630,065.09 | ||
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 75,000,000.00 | |||
Total | 10,395,523.78 | 105,630,065.09 | ||
Othercurrentassets: | ||||
ShandongEconTechnologyCo.,Ltd.anditssubsidiaries | 427,620,131.62 | |||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 339,338,066.67 | 152,880,000.00 |
Relatedparty
Relatedparty | Endingbalance | Openingbalance | ||
Carryingbalance | Baddebtprovision | Carryingbalance | Baddebtprovision | |
DongguanKonkaInvestmentCo.,Ltd. | 211,662,473.43 | 196,000,000.00 | ||
ChongqingLanlvMomaRealEstateDevelopmentCo.,Ltd.(formerlyknownasChongqingKonkaFuzeRealEstateCo.,Ltd.) | 205,263,079.97 | 188,430,000.00 | ||
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 163,287,310.66 | 160,847,400.00 | ||
YantaiKangyueInvestmentCo.,Ltd. | 149,862,482.00 | 128,527,000.00 | ||
YantaiKangyunIndustrialDevelopmentCo.,Ltd.anditssubsidiaries | 127,164,360.00 | |||
Total | 1,624,197,904.35 | 826,684,400.00 | ||
Long-termreceivables: | ||||
FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | 565,099.14 | 12,749,762.58 | ||
Total | 565,099.14 | 12,749,762.58 |
Relatedparty
Relatedparty | Endingbalance | Openingbalance | ||
Carryingbalance | Baddebtprovision | Carryingbalance | Baddebtprovision | |
Othernon-currentassets: | ||||
ChongqingQingjiaElectronicsCo.,Ltd. | 10,867,888.84 | |||
Total | 10,867,888.84 |
2.AccountsPayable
Relatedparty | Endingcarryingbalance | Openingcarryingbalance |
Accountspayable: | ||
ChuzhouHanshangElectricApplianceCo.,Ltd. | 46,950,863.88 | 9,462,196.04 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiaries | 30,500,867.67 | 12,618,777.74 |
ShenzhenKondaE-displayCo.,Ltd.(formerlyknownasShenzhenKondaE-displayCommercialScreenCo.,Ltd.) | 15,522,755.99 | 6,223,095.56 |
ChongqingRuiyinRenewableResourcesCo.,Ltd.anditssubsidiaries | 10,737,902.34 | 18,510,819.80 |
KoreaElectricGroupCo.,Ltd.anditssubsidiaries | 9,047,641.17 | 3,481,603.74 |
DongguanKonkaSmartElectronicTechnologyCo.,Ltd.(formerlyknownasDongguanKonkaElectronicSmartTechnologyCo.,Ltd.) | 6,435,302.72 | 1,398,759.79 |
ShenzhenE2infoNetworkTechnologyCo.,Ltd.anditssubsidiaries | 6,256,287.69 | |
AnhuiKaikaiShijieE-commerceCo.,Ltd.anditssubsidiaries | 4,370,387.10 | 2,633,353.42 |
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 2,831,336.86 | 10,042,155.58 |
Relatedparty
Relatedparty | Endingcarryingbalance | Openingcarryingbalance |
Subtotalofotherrelatedparties | 11,998,613.86 | 18,239,182.75 |
Total | 144,651,959.28 | 82,609,944.42 |
Notespayable: | ||
ProtronJiakangTechnologyCo.,Ltd. | 22,412,418.23 | |
HandianGroupCo.,Ltd.anditssubsidiaries | 15,984,491.27 | |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiaries | 8,933,479.14 | 7,275,572.17 |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd.(formerlynamed:DongguanKonkaPackingMaterialsCo.,Ltd.) | 6,265,841.17 | |
Subtotalofotherrelatedparties | 4,782,566.22 | 9,810,212.30 |
Total | 58,378,796.03 | 17,085,784.47 |
Contractualliabilities/othercurrentliabilities: | ||
ShenzhenE2infoNetworkTechnologyCo.,Ltd.anditssubsidiaries | 42,083,701.46 | |
SichuanAimijiakangTechnologyCo.,Ltd. | 6,360,494.53 | |
AUJETINDUSTRYLIMITED | 4,527,703.32 | 15,357,854.41 |
ShenzhenJielunteTechnologyCo.,Ltd.anditssubsidiaries | 27,430,700.76 | |
Subtotalofotherrelatedparties | 1,175,786.84 | 4,518,534.87 |
Total | 54,147,686.15 | 47,307,090.04 |
Otherpayables: | ||
ChuzhouHanshangElectricApplianceCo.,Ltd. | 130,054,989.90 | 151,494,362.56 |
GuangdongWanrunTonghengCultural&TourismDevelopmentCo.,Ltd. | 120,212,000.00 | |
E3info(Hainan)TechnologyCo.,Ltd.anditssubsidiaries | 50,166,438.36 | 50,166,438.36 |
ShandongEconTechnologyCo.,Ltd.anditssubsidiaries | 20,241,596.71 |
Relatedparty
Relatedparty | Endingcarryingbalance | Openingcarryingbalance |
FeidiTechnology(Shenzhen)Co.,Ltd.anditssubsidiaries | 6,503,608.50 | 13,215,861.75 |
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd.(formerlynamed:DongguanKonkaPackingMaterialsCo.,Ltd.) | 4,923,662.92 | |
ChongqingRuiyinRenewableResourcesCo.,Ltd.anditssubsidiaries | 2,454,022.61 | 7,374,305.07 |
Subtotalofotherrelatedparties | 13,866,308.11 | 5,670,694.94 |
Total | 348,422,627.11 | 227,921,662.68 |
Currentportionofnon-currentliabilities: | ||
OCTGroupCo.,Ltd.anditssubsidiaries | 10,777,675.49 | |
Total | 10,777,675.49 | |
Long-termpayables: | ||
OCTGroupCo.,Ltd.anditssubsidiariesandassociates | 40,485,591.71 | |
Total | 40,485,591.71 |
XIIContingency
(1)BeforetheCompanyacquiredJiangxiKonkaNewMaterial,JiangxiKonkaNewMaterialanditssubsidiariesXinfengMicrocrystallineandJiangxiHighTransparentSubstrate(formerlyknownasNano-GrystallizedGlass)providedjointandseveralliabilityguaranteefortheloansfromNanchangRuralCommercialBankCo.,Ltd.toJiangxiXinxinJian'anEngineering,JiangxiZhongyiDecorativeMaterialandJiangxiShanshiScienceandTechnology,relatedpartiesofformercontrollingshareholdersofJiangxiKonkaNewMaterial,andNanchangRuralCommercialBankCo.,Ltd.thentransferredtheclaimstoChinaGreatWallAMCJiangxiBranch.ForthefailureofJiangxiXinxinJian'anEngineering,JiangxiZhongyiDecorativeMaterialandJiangxiShanshiScienceandTechnologytorepaytheborrowingsontime,ChinaGreatWallAMCJiangxiBranchfiledalawsuitrequestingJiangxiXinxinJian'anEngineering,JiangxiZhongyiDecorativeMaterialandJiangxiShanshiScienceandTechnologytorepaytheloanprincipalamountingtoRMB300millionandtheliquidateddamageandinterestarisingfromitandguarantorsJiangxiKonkaNewMaterial,XinfengMicrocrystallineandJiangxiHighTransparentSubstratetobearjointandseveralliabilityforsuchdebts.OnOctober31,2019,JiangxiProvincialSuperiorPeople’sCourtruledinthefirstinstancethatJiangxiXinxinJian'anEngineering,JiangxiZhongyiDecorativeMaterial,JiangxiShanshiTechnologyshouldrepaytoChinaGreatWallAMCJiangxiBranchtheloanprincipalofRMB300millionandtheinterestandliquidateddamagearisingfromitwithin10daysfromtheeffectivedateofthejudgment,andJiangxiKonkaNewMaterial,ZhuXinming,LengSumin,Nano-GrystallizedGlass,XinfengMicrocrystallineshouldbearjointandseveralliabilityforalldebtsrecognizedinthisjudgment.Thedefendantsappealedagainstthefirst-instancejudgmentandtheSupremePeople'sCourtacceptedtheappeal.OnMarch24,2021,theSupremePeople'sCourtofthePeople'sRepublicofChinamadethefollowingruling:I.CivilJudgment(2018)G.M.CH.No.110madebyJiangxiProvincialSuperiorPeople'sCourtisabrogated;II.ThiscaseisremandedtoJiangxiProvincialSuperiorPeople'sCourtforretrial.Asofthedateofissuanceofthisreport,thecaseisstillundertrial.
TheactualcontrollerofJiangxiKonkaNewMaterials,ZhuXinming,andhisspouse,LengSumin,asguarantors,providedatotalofaboutRMB143millionofrealestatemortgageguaranteetoGreatWallAMCfortheaboveloans.ZhuXinmingandLengSuminalsoprovidedjointliabilityguarantees.InordertoavoidtheadverseimpactofthiscaseontheCompany,theCompanyhasagreedintheacquisitionagreementofJiangxiKonka,XinfengMicrocrystallineandnanometermicrocrystallinethatallcontingentdebtsincurredbyJiangxiKonkabytheoriginalshareholdersofKonkanewmaterialintheformofjointandseveralliability.JiangxiXinzixinRealEstateCo.,ltd.hasheldatotalofaboutRMB243millionofrealestateassetsasthecaseoftheanti-guaranteemortgagetoKonkagroupandwentthroughthemortgageregistrationprocedures.Asofthedateofthisreport,thecaseisstillontrialandtheabovecommercialacceptancebillhasnotbeenhonored.
(2)AsforthedisputeoftheCompanywithLuoZaotong,LuoJingxia,LuoZongyin,LuoZongwuandShenzhenYaodeTechnologyCo.,Ltd.onsharerepurchase,sincetheotherpartydidnotactivelyperformtherepurchaseobligation,theCompanyfiledalawsuitwiththePeople'sCourtofNanshanDistrict,Shenzhen.TheamountofthesubjectmatterinvolvedinthelawsuitisRMB249million.OnNovember22,2021,theCompanyappliedtoShenzhenNanshanDistrictPeople'sCourtforpropertypreservation.Asatthedateofissuanceofthisreport,novalidjudgmenthasbeenmadeforthiscase.
(3)AstheacceptorfailedtopaythecommercialacceptancebillsheldbytheCompanyuponmaturity,theCompany,astheplaintiff,requesteddebtorsHongtuSanpowerTechnologyCo.,Ltd.,JiangsuHongtuHighTechnologyCo.,Ltd.,SanpowerGroupCo.,Ltd.,NanjingJiongjiongElectronicTechnologyCo.,Ltd.andShenzhenQianhaiBenniuAgriculturalTechnologyCo.,Ltd.tobearjointandseveralliabilityforthebillsandtheoverdueinterest.InJuly2019,thecompanyfiledalawsuitwiththecourt,andthecourthaspreservedthedefendant'scorrespondingproperty.Asatthedateofissuanceofthisreport,propertyexecutionisongoing.
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
(4)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompanyandWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.,PengChaojun,HeJiaguo,HeJiayi,LiangXiangzhou,XuYizheng,HeFan,PangHuasheng,SongLiangming,andLiangXiangmeiovertherightofrecourseforbillsisRMB200millionandthecorrespondinginterest.InSeptember2020,theCompanyfiledalawsuitwithWuhanIntermediatePeople'sCourt,andtheCourtorderthedefendanttopayKonkaGroupthebillsandinterest.Asatthedateofissuanceofthisreport,thecaseisinexecution.
(5)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryKonkaUnifortuneandShenzhenYaodeTechnologyCo.,Ltd.,DongshengXinluoTechnology(Shenzhen)Co.,Ltd.,ShenzhenHongyaoDingshengInvestmentManagementCo.,Ltd.,ShenzhenXiangruiYingtongInvestmentManagementCo.,Ltd.,LuoJingxia,LuoZongwu,LuoZongyin,LuoZaotongandLuoSaiyinovercontractsisRMB155million.OnJanuary24,2022,theIntermediatePeople'sCourtofShenzhenMunicipality,Guangdong,apublicannouncementonservingCivilRuling(2021)Y.03M.CH.No.5253andthenoticeonsealing,distrainingandfreezingofpropertiestotheotherpartybecausesomeprincipalsoftheotherpartyweremissing.TheCourtruledtoseal,distrainandfreezethepropertiesofRMB155millionheldbytherespondentsShenzhenYaodeTechnologyCo.,Ltd.,DongshengXinluoTechnology(Shenzhen)Co.,Ltd.,ShenzhenHongyaoDingshengInvestmentManagementCo.,Ltd.,ShenzhenXiangruiYingtongInvestmentManagementCo.,Ltd.,LuoJingxia,LuoZongwu,LuoZongyin,LuoZaotongandLuoSaiyin.
(6)AstheacceptorfailedtopaythecommercialbillsheldbytheCompanyuponmaturity,theCompany,astheplaintiff,filedalawsuittothecourtonthematuredbillsamountingtoRMB300million,requestingthebillacceptorShanghaiHuaxinandpriorpartiesinvolvedtobearjointandseveralliabilityforthebillsandliquidateddamageandinterest.Asatthedateofissuanceofthisreport,thecaseinvolvingRMB150millionisincompulsoryexecutionandshareholdershavebeenaddedaspersonstobeexecutedinthiscase.FortheremainingRMB150million,thedefendantshavebeenorderedtopayKonkaGroupthebillsandinterest,whichisnowincompulsoryexecution.Asatthedateofissuanceofthisreport,propertyexecutionisongoing.
(7)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiariesFrestecRefrigeration,AnhuiKonka,KonkaMaterialandAnhuiTongchuang(plaintiff)andShantouMeisenTechnologyCo.,Ltd.,ShenzhenMeisenyuanPlasticElectronicsCo.,Ltd.,LinYuanqin,HuangRuirong,JiangsuHuadongHardwareZoneCo.,Ltd.,ChuangfuCommerce&TradePlazaRealEstateDevelopment(Huizhou)Co.,Ltd.andPuningJunlongTradeCo.,Ltd.(defendant)overcontractsisRMB380million.Asatthedateofissuanceofthisreport,novalidjudgmenthasbeenmadeforthiscase.
(8)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryKonkaInvestment(plaintiff)andElionResourcesGroupCo.,Ltd.andElionEcologicalCo.,Ltd.(defendant)overcapitalincreaseisRMB98million.Thecourtofarbitrationissuedanawardon27January2022.On16February2022,theenforcementhasbeenfiled.Andatthedateofissuanceofthisreport,thiscaseisinstillinprogress.
(9)AcasehasbeenfiledonthedisputeoverthesalesandpurchasecontractsbetweentheCompany'ssubsidiaryKonkaHuanjia(plaintiff)and38companies(defendant)includingHuanjiaGroupCo.,Ltd.andDalianJinshundaMaterialRecyclingCo.,Ltd.,etc.TheamountofthesubjectmatterinvolvedinitisRMB890million.KonkaHuanjiahasappliedforthecourttosealupandfreezethedefendant'scorrespondingproperty.Asofthedateofissuanceofthisreport,noeffectivejudgmenthasbeenissuedforthiscase.
(10)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryDongguanKonka(plaintiff)andDongguanGaonengPolymerMaterialsCo.,Ltd.,WangDong,ShenzhenXinlianXingyaoTradingCo.,Ltd.,ShenzhenJinchuanQianchaoNetworkTechnologyCo.,Ltd.,PuningJunlongTradingCo.,Ltd.andHuangZhihao(defendant)oversalesandpurchasecontractsisRMB90million.InDecember2020,theCompanyfiledalawsuittothecourt.Asofthedateofissuanceofthisreport,noeffectivejudgmenthasbeenissuedforthiscase.
(11)AstheacceptorfailedtopaythecommercialbillsheldbytheCompanyuponmaturity,theCompany,astheplaintiff,filedalawsuittothecourtonthematuredbillsamountingtoRMB78million,requestingthecourttoorderHefeiHuajunTradingCo.,Ltd.andWuhanJialianAgriculturalTechnologyDevelopmentCo.,Ltd.topaytheCompanythebillsandtheinterestfordefault,andappliedforpropertypreservation.Asatthedateofissuanceofthisreport,theCourthasorderedthedefendanttopayKonkaGroupthebillsandcorrespondinginterest,andthecaseisinexecution.
(12)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryKonkaFactoring(theplaintiff)andTahoeGroupCo.,Ltd.,FuzhouTaijiaEnterpriseCo.,Ltd.andXiamenLianchuangMicro-electronicsCo.,Ltd.(thedefendants)overtherightofrecourseforbillsisRMB50millionandthecorrespondinginterest.OnSeptember1,2021,theIntermediatePeople'sCourtofXiamenMunicipality,Fujian,orderedthedefendantstopaytheplaintiffe-commercialacceptancebillsofRMB50millionandthecorrespondinginterest.Asofthedateofissuanceofthisreport,thecaseisintheexecutionstage.
(13)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany(plaintiff)andChinaEnergyElectricFuelCo.,Ltd.,ChinaEnergy(Shanghai)EnterpriseCo.,Ltd.,ShanghaiNengpingEnterpriseCo.,Ltd.andShenzhenQianhaiBaoyingCommercialFactoringCo.,Ltd.(defendant)overtherightofrecourseforbillsisRMB50millionandthecorrespondinginterest.InSeptember2018,theCompanyfiledalawsuitwithShenzhenIntermediatePeople’sCourt,whichhaspreservedthedefendant’scorrespondingproperty.Thejudgmentofthiscasehascomeintoeffect.TheCourtorderedChinaEnergyElectricFuelCo.,Ltd.andotherdefendantstopaytheCompanythebillsofRMB50millionandtheinterest.Asatthedateofissuanceofthisreport,thecaseisinexecution,andtheCompanyhasappliedtothecourtforaddingshareholdersaspersonstobeexecuted.
(14)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryAnhuiKonka(plaintiff)andMakenaElectronic(HongKong)(defendant)overthesalesandpurchasecontractisRMB5,440,200.OnDecember7,2021,AnhuiKonkafiledanarbitrationwiththeShenzhenCourtofInternationalArbitration.Asatthedateofissuanceofthisreport,novalidjudgmenthasbeenmadeforthiscase.
(15)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompany'ssubsidiaryAnhuiKonka(plaintiff)andShanghaiLikaiLogisticsCo.,Ltd.ShenzhenBranchandShanghaiLikaiLogisticsCo.,Ltd.(defendant)overfreightforwardingcontractsinmaritimeandopenseawatersisRMB38million.OnApril26,2021,KonkaappliedtoShanghaiMaritimeCourtforcompulsoryexecution.OnJune7,2021,theCourtacceptedthecaseandnumberedit{2021)H.72ZH.No.205.On14October2021,ShanghaiMaritimeCourtissuedanexecutiveorderandendedthisexecution.Asatthedateofissuanceofthisreport,thecaseisinthefinalstageofexecution.
(16)TheamountofthesubjectmatterinvolvedinthedisputebetweentheCompanyanditssubsidiaryElectronicsTechnologyandMakenaElectronic(Shenzhen)overcontractsisRMB27million.Inthiscase,theCompanyandElectronicsTechnologywerethedefendants,andMakenaElectronic(Shenzhen),astheplaintiff,requestedthecourttoorderthedefendantstopayforthegoodsandtheoverdueinterest.Asofthedateofissuanceofthisreport,noeffectivejudgmenthasbeenissuedforthiscase.
(17)OnNovember5,2021,theCompanyenteredintotheEquityInvestmentAgreementwithShandongHi-SpeedCompanyLimited("ShandongHi-Speed"inshort),YantaiBaijiangyuanEnterpriseManagementCenter(LimitedPartnership),YantaiQingrunyuanEnterpriseManagementCenter(LimitedPartnership),YantaiQingjiangchuanBusinessManagementCenter(LimitedPartnership)andYantaiFengqingtaiInvestmentCenter(LimitedPartnership).AccordingtotheAgreement,theCompanytransferredthe11.70%equityitheldinEconTechnologytoShandongHi-SpeedatatransactionpriceofRMB306,026,300onNovember25,2021,andtheCompany'sshareholdingpercentageinEconTechnologychangedto39.30%.OnNovember26,2021,ShandongHi-SpeedincreaseditscapitalcontributiontoEcoTechnologyandchangedthecommercialregistrationinformation.TheCompany'sshareholdingpercentageinEconTechnologychangedto24.99%.
AccordingtotheAgreement,"originalshareholders'commitment:Afterthiscapitalincrease,thepartiesagreethattheperiodfromJanuary1,2021toDecember31,2025istheperformancecommitmentperiod,andoriginalshareholderspromisethatthenetprofitofthetargetcompanyin2021,2022,2023,2024and2025shallbenolessthanRMB340million,RMB380million,RMB410million,RMB440millionandRMB490million,respectively.SuchnetprofitreferstothenetprofitintheconsolidatedstatementauditedbytheannualreportauditorengagedbyPartyA."ThenetprofitofEconTechnologyintheunauditedconsolidatedfinancialstatementsexceededthenetprofitstipulatedintheperformancecommitmentthisyear.BasedonthereasonableevaluationoncurrentproductionandoperationstatusofEconTechnology,theCompanyheldthatthenetprofitcommittedfortheperformancecommitmenttermcouldbeachieved,thepossibilityoffutureperformancecompensationobligationswasextremelylowanditshouldbearnoliabilityforperformancecompensation.Thus,theCompanyrecognizedthefairvalueofcontingentconsiderationaszero.XIII.CommitmentandContingency
1.CapitalCommitments
Item
Item | Endingbalance | Beginningbalance |
Largeamountcontractsignedbuthasn’tbeenrecognizedinfinancialstatements | - | - |
-Commitmentonconstructionandpurchaseoflong-livedassets | - | 277,628,800.00 |
-Largeamountcontract | 954,751,938.62 | 4,310,308,187.10 |
-Foreigninvestmentcommitments | - | - |
Total | 954,751,938.62 | 4,587,936,987.10 |
2.OperatingLeaseCommitmentsAsofthebalancesheetdate,theirrevocableoperatingleasecommitmentsthattheCompanysignedwereasfollowed.
NotestotheFinancialStatementsofKonkaGroupCo.,Ltd.
FortheYearfrom1January2021to31December2021(allamountsinRMByuanunlessotherwisestated)
XIVSubsequentEventsaftertheBalanceSheetDate
1.Nosignificantnon-adjustedevents
2.SalesReturnsTherewerenosignificantsalesreturnsafterthebalancesheetdate.
3.ProfitdistributionTheprofitdistributionplanreviewedandapprovedonthe56
thMeetingofthe9
thBoardofDirectorswasasfollows:basedonthetotalsharesof2,407,945,408,acashdividendofRMB0.50(taxinclusive)per10sharesistobedistributedtotheshareholderswithnobonusissuefromeitherprofitorcapitalreserves.
4.TheGrouphadnosignificantpost-balance-sheet-dateeventsotherthantheabove-mentionedonesdisclosedafterthebalancesheetdate.XVOtherSignificantEvents
TheCompanyhadnoothersignificantevents.
XVINotesofMainItemsintheFinancialStatementsoftheCompanyastheParent
1.AccountsReceivable
(1)AccountsReceivableListedbyWithdrawalMethodsforBadDebts
1)Catego
ry
1)Category | Endingbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Accountsreceivableofexpectedcreditlosseswithdrawnindividually | 963,517,996.45 | 18.14 | 660,600,525.26 | 68.56 | 302,917,471.19 |
Accountsreceivableofexpectedcredit |
1)Catego
ry
1)Category | Endingbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
losseswithdrawnbyportfolio | |||||
Ofwhich:Agingportfolio | 666,828,622.16 | 12.56 | 181,017,964.57 | 27.15 | 485,810,657.59 |
Relatedpartygroup | 3,679,956,748.33 | 69.30 | 3,679,956,748.33 | ||
Subtotalofportfolios | 4,346,785,370.49 | 81.86 | 181,017,964.57 | 4.16 | 4,165,767,405.92 |
Total | 5,310,303,366.94 | 100.00 | 841,618,489.83 | 15.85 | 4,468,684,877.11 |
(continued)
Category | Openingbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Accountsreceivableofexpectedcreditlosseswithdrawnindividually | 948,510,887.48 | 18.22 | 552,922,400.60 | 58.29 | 395,588,486.88 |
Accountsreceivableofexpectedcreditlosseswithdrawnbyportfolio | |||||
Ofwhich:Aging | 574,995,507.05 | 11.05 | 178,675,741.20 | 31.07 | 396,319,765.85 |
Category
Category | Openingbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
portfolio | |||||
Relatedpartygroup | 3,681,343,439.12 | 70.73 | 3,681,343,439.12 | ||
Subtotalofportfolios | 4,256,338,946.17 | 81.78 | 178,675,741.20 | 4.20 | 4,077,663,204.97 |
Total | 5,204,849,833.65 | 100.00 | 731,598,141.80 | 14.06 | 4,473,251,691.85 |
2)Provisionforbaddebtsofaccountsreceivableprovidedindividually
Name | Endingbalance | |||
Carryingbalance | Baddebtprovision | Withdrawalproportion(%) | Withdrawalreason | |
ShanghaiHuaxinInternationalGroupCo.,Ltd. | 300,018,021.01 | 270,016,218.90 | 90.00 | Debtdefault |
HongtuSanbaoHigh-techTechnologyCo.,Ltd. | 200,000,000.00 | 80,000,000.00 | 40.00 | Agreementreorganization |
TewooGroupCo.,Ltd. | 200,000,000.00 | 100,000,000.00 | 50.00 | Judicialreorganization |
ZhongfuTiangongConstructionGroupCo.,Ltd.(formerlyknownas“ZhonghegongConstructionGroupCo.,Ltd.) | 71,789,096.65 | 46,662,912.82 | 65.00 | Expectedtobedifficulttorecoverinfull |
CCCCFirstHarborEngineeringCompanyLtd. | 55,438,105.00 | 48,915,975.00 | 88.24 | Expectedtobedifficulttorecoverinfull |
Name
Name | Endingbalance | |||
Carryingbalance | Baddebtprovision | Withdrawalproportion(%) | Withdrawalreason | |
ChinaEnergyElectricFuelCo.,Ltd. | 50,000,000.00 | 42,500,000.00 | 85.00 | Expectedtobedifficulttorecoverinfull |
Others | 86,272,773.79 | 72,505,418.54 | 84.04 | Expectedtobedifficulttorecoverinfull |
Total | 963,517,996.45 | 660,600,525.26 | 68.56 | -- |
2)Baddebtprovisionforaccountsreceivablemadeasperportfolioa.AmongGroups,WithdrawalofExpectedCreditLossbyAging
Aging | Endingbalance | ||
Carryingbalance | Baddebtprovision | Withdrawalproportion(%) | |
Within1year | 475,363,714.96 | 9,697,419.79 | 2.04 |
1to2years | 3,617,085.28 | 362,431.95 | 10.02 |
2to3years | 18,598,634.09 | 4,220,030.08 | 22.69 |
3to4years | 7,150,071.42 | 4,638,966.34 | 64.88 |
Over4years | 162,099,116.41 | 162,099,116.41 | 100.00 |
Total | 666,828,622.16 | 181,017,964.57 | 27.15 |
b.AmongGroups,WithdrawalofExpectedCreditLossbyAdoptingOtherMethod
Aging | Endingbalance | ||
Carryingbalance | Baddebtprovision | Withdrawalproportion(%) | |
Relatedpartygroup | 3,679,956,748.33 | ||
Total | 3,679,956,748.33 |
(3)AccountsReceivableListedbyAgingPortfolio
Aging | Endingbalance |
Within1year
Within1year | 3,979,957,074.67 |
1to2years | 112,416,461.89 |
2to3years | 369,044,153.37 |
3to4years | 635,277,025.82 |
Over4years | 213,608,651.19 |
Subtotal | 5,310,303,366.94 |
Less:baddebtprovision | 841,618,489.83 |
Total | 4,468,684,877.11 |
(4)InformationofBadDebtProvisioninthisYear
Category | Openingbalance | Changesinthisyear | |
Withdrawal | Reversalorrecovery | ||
Baddebtprovisionofaccountsreceivable | 731,598,141.80 | 115,412,912.08 | |
Total | 731,598,141.80 | 115,412,912.08 |
(continued)
Category | Changesinthisyear | Endingbalance | |
Written-offorverified | Others | ||
Baddebtprovisionofaccountsreceivable | 5,392,564.05 | 841,618,489.83 | |
Total | 5,392,564.05 | 841,618,489.83 |
(5)ActuallyVerifiedAccountsReceivableinthisYear
Item | Amountverified |
Actuallyverifiedaccountsreceivable | 5,392,564.05 |
(6)ReceivableswithTop5EndingBalanceCollectedbyArrearsPartyThetotalamountofreceivableswithtop5endingbalancecollectedbyarrearspartythisyearwasRMB4,046,330,138.98,accountingfor76.20%ofthetotalendingbalanceofaccountsreceivable.ThetotalendingbalanceofbaddebtprovisioncorrespondinglywithdrawnwasRMB275,174,800.60.
(7)Therewerenoaccountsreceivablederecognizedduetothetransferoffinancialassetsthisyear.
(8)Therewerenoassetsorliabilitiesformedduetothetransferandthecontinuedinvolvementofaccountsreceivablethisyear.
2.OtherReceivables
Item
Item | Endingbalance | Openingbalance |
Interestsreceivable | 2,002,526.91 | 41,138,869.97 |
Dividendsreceivable | 383,943,256.80 | 749,431,635.50 |
OtherReceivables | 10,539,120,447.82 | 9,244,298,847.60 |
Total | 10,925,066,231.53 | 10,034,869,353.07 |
2.1Interestreceivable(
)CategoryofInterestsReceivable
Item | Endingbalance | Openingbalance |
Termdeposit | 2,002,526.91 | 6,830,211.26 |
Entrustedloans | 34,303,196.21 | |
Factoringinterest | 5,462.50 | |
Total | 2,002,526.91 | 41,138,869.97 |
2.2DividendsReceivable
(1)CategoryofDividendsReceivable
Investee | Endingbalance | Openingbalance |
HongKongKonkaLimited | 103,943,256.80 | 250,808,720.00 |
SuiningKonkaIndustrialParkDevelopmentCo.,Ltd. | 280,000,000.00 | 280,000,000.00 |
DongguanKonkaElectronicCo.,Ltd. | 218,622,915.50 | |
Total | 383,943,256.80 | 749,431,635.50 |
2.3OtherReceivables
(1)ClassifiedbyAccountNature
Nature
Nature | Endingcarryingbalance | Openingcarryingbalance |
Intercoursefundsamongsubsidiaries | 11,464,671,000.88 | 9,378,801,127.33 |
Energy-savingsubsidiesreceivable | 141,549,150.00 | 141,549,150.00 |
Intercoursefundswithotherrelatedparties | 50,667,315.53 | 118,043,953.69 |
Depositandmargin | 10,533,532.11 | 9,180,409.27 |
Others | 253,002,153.59 | 89,315,201.21 |
Total | 11,920,423,152.11 | 9,736,889,841.50 |
(2)WithdrawalofBadDebtProvisionforOtherReceivables
Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
Balanceasat1January2021 | 1,901,190.46 | 18,128,678.66 | 472,561,124.78 | 492,590,993.90 |
Inthisyear,carryingamountofotherreceivableson1January2021 | -674,515.01 | 674,515.01 | ||
-TransferredtothePhaseII | -674,515.01 | 674,515.01 | ||
-TransferredtothePhaseIII | ||||
-TransferredbacktothePhaseII | ||||
-TransferredbacktothePhaseI | ||||
Amountwithdrawn | 809,796.16 | 35,781,151.95 | 852,120,762.28 | 888,711,710.39 |
Baddebtprovision
Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
thisyear | ||||
Amounttransferredbackthisyear | ||||
Amountwritten-offthisyear | ||||
Amountverifiedthisyear | ||||
Otherchanges | ||||
Balanceasat31December2021 | 2,036,471.61 | 54,584,345.62 | 1,324,681,887.06 | 1,381,302,704.29 |
(3)WithdrawalofBadDebtProvisionforOtherReceivablesbyPortfolio
Category | Endingbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Otherreceivablesofexpectedcreditlosseswithdrawnindividually | 1,917,144,244.04 | 16.08 | 1,324,681,887.06 | 69.10 | 592,462,356.98 |
Otherreceivablesofbaddebtprovisionwithdrawnbycreditriskcharacteristicportfolio: | |||||
Agingportfolio | 188,615,848.46 | 1.58 | 52,782,559.62 | 27.98 | 135,833,288.84 |
Low-risk | 17,318,036.76 | 0.15 | 3,838,257.61 | 22.16 | 13,479,779.15 |
Category
Category | Endingbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
portfolio | |||||
Relatedpartygroup | 9,797,345,022.85 | 82.19 | 9,797,345,022.85 | ||
Subtotalofportfolios | 10,003,278,908.07 | 83.92 | 56,620,817.23 | 0.57 | 9,946,658,090.84 |
Total | 11,920,423,152.11 | 100.00 | 1,381,302,704.29 | 11.59 | 10,539,120,447.82 |
(continued)
Category | Beginningbalance | ||||
Carryingbalance | Baddebtprovision | Carryingvalue | |||
Amount | Proportion(%) | Amount | Withdrawalproportion(%) | ||
Otherreceivablesofexpectedcreditlosseswithdrawnindividually | 1,764,691,060.74 | 18.12 | 472,561,124.78 | 26.78 | 1,292,129,935.96 |
Otherreceivablesofbaddebtprovisionwithdrawnbycreditriskcharacteristicportfolio: | |||||
Agingportfolio | 128,885,012.86 | 1.32 | 15,447,446.31 | 11.99 | 113,437,566.55 |
Low-riskportfolio | 17,273,953.16 | 0.18 | 4,582,422.81 | 26.53 | 12,691,530.35 |
Relatedpartygroup | 7,826,039,814.74 | 80.38 | 7,826,039,814.74 | ||
Subtotalofportfolios | 7,972,198,780.76 | 81.88 | 20,029,869.12 | 0.25 | 7,952,168,911.64 |
Total | 9,736,889,841.50 | 100.00 | 492,590,993.90 | 5.06 | 9,244,298,847.60 |
(4)OtherReceivablesListedbyAging
Aging | Endingbalance |
Within1year | 9,579,438,988.64 |
1to2years | 510,817,039.35 |
Aging
Aging | Endingbalance |
2to3years | 1,036,227,944.68 |
3to4years | 437,475,984.18 |
4to5years | 39,078,993.51 |
Over5years | 317,384,201.75 |
Subtotal | 11,920,423,152.11 |
Less:baddebtprovision | 1,381,302,704.29 |
Total | 10,539,120,447.82 |
(5)BadDebtProvisionforOtherReceivablesTheamountofbaddebtprovisionwithdrawnthisyearwasRMB888,711,710.39.Therewasnobaddebtprovisionactuallywrittenoffthisyear.
(6)OtherReceivablesActuallyWrittenoffthisYearTherewerenootherreceivablesactuallywrittenoffthisyear.
(7)OtherReceivableswithTop5EndingBalancesCollectedbyArrearsPartyThetotalamountofotherreceivableswithtop5endingbalancecollectedbyarrearspartythisyearwasRMB8,024,841,379.10,accountingfor67.32%ofthetotalendingbalanceofotherreceivables.ThetotalendingbalanceofbaddebtprovisioncorrespondinglywithdrawnwasRMB1,137,274,582.48.
(8)Therewerenootherreceivablesderecognizedduetothetransferoffinancialassets
thisyear.
(9)Therewerenoassetsorliabilitiesformedduetothetransferandthecontinued
involvementofotherreceivablesthisyear.
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.January1toDecember31,2021(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
3.Long-termEquityInvestments
(1)CategoryofLong-termEquityInvestment
Item
Item | Endingbalance | Openingbalance | ||||
Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
Investmenttosubsidiaries | 6,697,991,519.67 | 442,644,418.70 | 6,255,347,100.97 | 7,083,817,068.77 | 102,532,484.69 | 6,981,284,584.08 |
Investmenttojointventuresandassociatedenterprises | 2,618,520,670.18 | 240,725,547.51 | 2,377,795,122.67 | 1,851,048,093.64 | 26,166,078.16 | 1,824,882,015.48 |
Total | 9,316,512,189.85 | 683,369,966.21 | 8,633,142,223.64 | 8,934,865,162.41 | 128,698,562.85 | 8,806,166,599.56 |
(2)Investmenttosubsidiaries
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
KonkaVentures | 2,550,000.00 | 2,550,000.00 | ||||
AnhuiKonka | 122,780,937.98 | 122,780,937.98 |
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.January1toDecember31,2021
(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
Investee
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
KonkaFactoring | 300,000,000.00 | 300,000,000.00 | ||||
KonkaUnifortune | 15,300,000.00 | 15,300,000.00 | ||||
Wankaida | 10,000,000.00 | 10,000,000.00 | ||||
DongguanKonka | 274,783,988.91 | 274,783,988.91 | ||||
KonkaEurope | 3,637,470.00 | 3,637,470.00 | ||||
KonkaElectricalAppliances | 1.00 | 1.00 | 1.00 | 10,732,485.69 | ||
TelecommunicationTechnology | 360,000,000.00 | 360,000,000.00 | ||||
MobileInterconnection | 100,000,000.00 | 100,000,000.00 | ||||
AnhuiTongchuang | 779,702,612.22 | 779,702,612.22 | ||||
Kangjiatong | 15,300,000.00 | 14,049,800.00 | 29,349,800.00 | |||
Pengrun | 25,500,000.00 | 25,500,000.00 |
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.January1toDecember31,2021
(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
Investee
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
Technology | ||||||
DongguanPacking | 8,602,009.10 | 8,602,009.10 | ||||
E2info | 19,322,040.00 | 19,322,040.00 | ||||
BeijingKonkaElectronic | 200,000,000.00 | 200,000,000.00 | ||||
KonkaCircuit | 91,000,000.00 | 196,650,000.00 | 287,650,000.00 | |||
HongKongKonka | 781,828.61 | 781,828.61 | ||||
KonkaInvestment | 500,000,000.00 | 500,000,000.00 | ||||
ElectronicsTechnology | 1,000,000,000.00 | 1,000,000,000.00 | ||||
YantaiLaikang | 688,500,000.00 | 688,500,000.00 | ||||
EconTechnology | 91,800,000.00 | |||||
KonkaHuanjia | 40,000,000.00 | 40,000,000.00 | ||||
Shanghai | 689,680,000.00 | 340,111,933.01 | 349,568,066.99 | 340,111,933.01 | 340,111,933.01 |
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.January1toDecember31,2021
(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
Investee
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
Konka | ||||||
JiangxiKonka | 30,000,000.00 | 30,000,000.00 | ||||
ShenzhenNianhua | 100,000,000.00 | 100,000,000.00 | ||||
ShenzhenKONSEMI | 50,000.00 | 50,000.00 | ||||
KonkaEco-Development | 200,000,000.00 | 200,000,000.00 | ||||
SuiningKonkaIndustrialPark | 5,100,000.00 | 5,100,000.00 | ||||
KonkaRonghe | 200,000,000.00 | 200,000,000.00 | ||||
SuiningElectronicTechnologicalInnovation | 10,000,000.00 | 10,000,000.00 | ||||
ShenzhenChuangzhi | 1,025,100.00 | 1,025,100.00 |
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.January1toDecember31,2021(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
Investee
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
ElectricalAppliances | ||||||
Kanghong(Yantai)EnvironmentalProtection | 25,500,000.00 | 25,500,000.00 | ||||
ChongqingKangxingrui | 933,333,333.33 | 933,333,333.33 | ||||
ChongqingOptoelectronicTechnologyResearchInstitute | 56,000,000.00 | 36,520,000.00 | 92,520,000.00 | |||
KowinMemory(Shenzhen) | 90,000,000.00 | 90,000,000.00 | ||||
Jiangkang(Shanghai)Technology | 510.00 | 510.00 | ||||
NingboKanghrElectricalAppliance | 10,000,000.00 | 10,000,000.00 |
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.January1toDecember31,2021
(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
Investee
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
KonkaIntelligentManufacturing | 1,530,000.00 | 1,530,000.00 | ||||
SuiningJiarunProperty | 67,000,000.00 | 67,000,000.00 | ||||
YantaiKangyun | 4,304,752.93 | 4,900,700.00 | 9,205,452.93 | |||
ChongqingKanglei | 25,500,000.00 | 25,500,000.00 | ||||
YibinKangrun | 50,000,000.00 | 50,000,000.00 | ||||
HenanKangxinProperty | 30,000,000.00 | 30,000,000.00 | ||||
KonkaMaterial | 34,170,000.00 | 34,170,000.00 | ||||
ShenzhenKangxinProperty | 8,000.00 | 8,000.00 | ||||
IndustrialandTrade | 6,981,284,584.08 | 391,798,500.00 | 1,117,735,983.11 | 6,255,347,100.97 | 340,111,934.01 | 442,644,418.70 |
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.January1toDecember31,2021
(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
Investee
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
Technology | ||||||
KonkaHuazhong | 30,000,000.00 | 30,000,000.00 | ||||
ShaanxiKonkaIntelligent | 34,170,000.00 | 34,170,000.00 | ||||
JiangxiKonkaIndustrialPark | ||||||
RuichangKangruiRealEstate | ||||||
GuizhouKangguiMaterialTechnology | ||||||
SichuanChengrui | 8,000.00 | 8,000.00 | ||||
NantongKanghai | ||||||
ChongqingKangyiyun |
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.January1toDecember31,2021(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
Investee
Investee | Openingbalance | Increaseinthisyear | Decreaseinthisyear | Endingbalance | Impairmentprovisionwithdrawnthisyear | Endingbalanceofimpairmentprovision |
Total | 6,981,284,584.08 | 391,798,500.00 | 1,117,735,983.11 | 6,255,347,100.97 | 340,111,934.01 | 442,644,418.70 |
(3)Investmenttojointventuresandassociatedenterprises
Investee | ClosingBalanceofLastYear | Increase/decreasethisyear | |||
Additionalinvestment | Investmentreduced | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
AnhuiKaikaiShijieE-commerceCo.,Ltd. | 17,400,738.44 | ||||
WanjunTechnology(Kunshan)Co.,Ltd. | 121,579,584.17 | 119,533,118.34 | -2,046,465.83 | ||
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 175,254,554.65 | 47,428,605.51 | |||
ChutianDragonCo.,Ltd. | 650,206,807.02 | 4,003,819.91 | |||
HelongjiangLongkangZhijiaTechnologyCo.,Ltd. | 1,100,842.29 | 56,805.53 | |||
KonkaGreen,KonkaTechnology | 75,261,304.56 | 75,261,304.56 |
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.January1toDecember31,2021(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
Investee
Investee | ClosingBalanceofLastYear | Increase/decreasethisyear | |||
Additionalinvestment | Investmentreduced | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
ShaanxiSilkRoadCloudIntelligentTechCo.,Ltd. | 17,649,295.81 | -3,536,068.23 | |||
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | |||||
ShenzhenZhongbinKonkaTechnologyCo.,Ltd. | 2,214,307.33 | -2,214,307.33 | |||
ShenzhenKangjiaJiapinIntelligentElectricalApparatusTechnologyCo.,Ltd. | 3,813,134.28 | 108,653.89 | |||
ShenzhenBosserNewMaterialsCo.,Ltd. | 58,400,000.00 | 2,053,041.59 | |||
ShenzhenYaodeTechnologyCo.,Ltd. | 219,128,661.62 | -4,569,192.27 | |||
WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 304,654,243.69 | 20,991,597.22 | |||
ShenzhenKONKAE-displayCo.,Ltd. | 11,774,141.26 | 1,323,068.85 | |||
ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 5,899,324.39 | ||||
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 15,251,484.01 | ||||
HaimenKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | 19,044,986.77 | -4,434,526.73 |
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.January1toDecember31,2021(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
Investee
Investee | ClosingBalanceofLastYear | Increase/decreasethisyear | |||
Additionalinvestment | Investmentreduced | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | ||
ShenzhenKangyueEnterpriseCo.,Ltd. | 3,348,297.05 | -245,403.45 | |||
DongguanKonkaInvestmentCo.,Ltd. | 42,158,277.63 | -24,396,079.70 | |||
ChongqingYuanluBenpaoRealEstateCo.,Ltd. | 15,778,426.04 | -16,040,179.15 | |||
ChongqingChengdaiRealEstateCo.,Ltd.(EnglishnamefoundontheInternet.) | 13,684,752.24 | 13,381,379.83 | -303,372.41 | ||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 14,704,242.50 | -1,902,411.75 | |||
E3info(Hainan)TechnologyCo.,Ltd. | 36,574,609.73 | ||||
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 9,000,000.00 | -3,297,481.80 | |||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 10,201,017.42 | -1,664,772.39 | |||
ShandongEconTechnologyCo.,Ltd. | 780,858,047.04 | 42,170,587.73 | |||
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd.. | 5,284,786.29 | -1,364,889.74 | |||
ShenzhenE2infoNetworkTechnologyCo.,Ltd. | 82,232,663.02 | 42,670,836.05 | |||
Total | 1,824,882,015.48 | 887,576,513.77 | 208,175,802.73 | 94,791,865.50 |
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.January1toDecember31,2021
(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
(continued)
Investee
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofdepreciationreserve | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | (Carryingvalue) | ||
AnhuiKaikaiShijieE-commerceCo.,Ltd. | 17,400,738.44 | |||||
WanjunTechnology(Kunshan)Co.,Ltd. | ||||||
KunshanKangshengInvestmentDevelopmentCo.,Ltd. | 222,683,160.16 | |||||
ChutianDragonCo.,Ltd. | 6,720,000.00 | 647,490,626.93 | ||||
HelongjiangLongkangZhijiaTechnologyCo.,Ltd. | 1,157,647.82 | 2,470,398.03 | ||||
KonkaGreen,KonkaTechnology | ||||||
ShaanxiSilkRoadCloudIntelligentTechCo.,Ltd. | 14,113,227.58 | |||||
ShenzhenKanghongxingIntelligentTechnologyCo.,Ltd. | 5,158,909.06 | |||||
ShenzhenZhongbinKonkaTechnologyCo.,Ltd. | ||||||
ShenzhenKangjiaJiapinIntelligentElectricalApparatusTechnologyCo.,Ltd. | 3,921,788.17 | |||||
ShenzhenBosserNewMaterialsCo.,Ltd. | 60,453,041.59 | 18,536,771.07 | ||||
ShenzhenYaodeTechnologyCo.,Ltd. | 214,559,469.35 | 214,559,469.35 |
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.January1toDecember31,2021(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
Investee
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofdepreciationreserve | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | (Carryingvalue) | ||
WuhanTianyuanEnvironmentalProtectionCo.,Ltd. | 325,645,840.91 | |||||
ShenzhenKONKAE-displayCo.,Ltd. | 13,097,210.11 | |||||
ChuzhouKonkaTechnologyIndustryDevelopmentCo.,Ltd. | 5,899,324.39 | |||||
ChuzhouKangjinHealthIndustrialDevelopmentCo.,Ltd. | 15,251,484.01 | |||||
HaimenKangjianTechnologyIndustrialParkOperationsandManagementCo.,Ltd. | 14,610,460.04 | |||||
ShenzhenKangyueEnterpriseCo.,Ltd. | 3,102,893.60 | |||||
DongguanKonkaInvestmentCo.,Ltd. | 17,762,197.93 | |||||
ChongqingYuanluBenpaoRealEstateCo.,Ltd. | -261,753.11 | |||||
ChongqingChengdaiRealEstateCo.,Ltd.(EnglishnamefoundontheInternet.) | ||||||
ChuzhouKangxinHealthIndustryDevelopmentCo.,Ltd. | 12,801,830.75 | |||||
E3info(Hainan)TechnologyCo.,Ltd. | 36,574,609.73 | |||||
ShenzhenKangpengDigitalTechnologyCo.,Ltd. | 5,702,518.20 |
NotestotheFinancialStatementofKonkaGroupCo.,Ltd.
January1toDecember31,2021
(Unlessotherwisespecified,theunitintheNotestotheFinancialStatementshallbeRMB.)
Investee
Investee | Increase/decreasethisyear | Endingbalance | Endingbalanceofdepreciationreserve | |||
Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | (Carryingvalue) | ||
YantaiKangyunIndustrialDevelopmentCo.,Ltd. | 8,536,245.03 | |||||
ShandongEconTechnologyCo.,Ltd. | 823,028,634.77 | |||||
DongguanKangjiaNewMaterialsTechnologyCo.,Ltd.. | 3,919,896.55 | |||||
ShenzhenE2infoNetworkTechnologyCo.,Ltd. | 124,903,499.07 | |||||
Total | - | 6,720,000.00 | 214,559,469.35 | 2,377,795,122.67 | 240,725,547.51 |
4.OperatingRevenueandCostofSales
(1)OperatingRevenueandCostofSales
Item
Item | Amountincurredinthisyear | Amountincurredlastyear | ||
Revenue | Cost | Revenue | Cost | |
Lucrativebusiness | 2,751,336,207.49 | 2,722,434,244.20 | 3,076,325,721.91 | 2,769,474,547.43 |
Others | 115,465,441.34 | 79,070,595.04 | 638,561,930.58 | 506,745,792.19 |
Total | 2,866,801,648.83 | 2,801,504,839.24 | 3,714,887,652.49 | 3,276,220,339.62 |
(2)Informationinrelationtothetradepriceapportionedtotheresidualcontractperformanceobligation:
TheamountofincomecorrespondingtotheperformanceobligationsofcontractssignedbutnotyetperformedorfullyperformedwasRMB3,734,412.06attheyear-end,amongwhichRMB3,734,412.06isexpectedtoberecognizedin2022.
5.Investmentreturns
Item | Amountincurredinthisyear | Amountincurredlastyear |
Long-termequityinvestmentincomeaccountedbycostmethod | 43,610,748.17 | 585,217,964.13 |
Long-termequityinvestmentincomeaccountedbyequitymethod | 94,791,865.50 | -5,700,659.97 |
Investmentincomefromdisposaloflong-termequityinvestment | 3,286,362,797.82 | 1,215,083,684.94 |
Investmentincomefromdisposaloffinancialassetsatfairvaluethroughprofitorloss | 32,839,604.17 | 3,405,333.03 |
Interestincomeearnedoninvestmentindebtobligationsduringtheholdingperiod | 7,060,000.00 | 4,800,000.00 |
Incomefromentrustfinancialproductsandentrustloans | 19,038,445.39 | |
Total | 3,464,665,015.66 | 1,821,844,767.52 |
XVIApprovalofFinancialStatements
TheFinancialStatementwasreleasedwiththeapprovaloftheCompany'sBoardofDirectorsonMarch28,2022.
XVIISupplementaryMaterials
1.ItemsandAmountsofNon-recurringProfitorLossthisYear
Item
Item | Amountofcurrentyear | Note |
Gains/lossesfromthedisposalofnon-currentassets | 4,047,094,117.70 | |
Taxrebates,reductionsorexemptionsduetoapprovalbeyondauthorityorthelackofofficialapprovaldocuments | ||
Governmentgrantsrecognizedinthecurrentperiod,exceptforthoseacquiredintheordinarycourseofbusinessorgrantedatcertainquotasoramountsaccordingtothegovernment’sunifiedstandards | 1,352,377,548.16 | |
Dispossessionsurchargetonon-financialinstitutionsincludedinthecurrentprofitandloss | ||
Profitsarisingfrombusinesscombinationwhenthecombinedcostislessthantherecognizedfairvalueofnetassetsofthemergeredcompany | ||
Gain/Lossonnon-monetaryassetswap | ||
Gain/Lossonentrustingotherswithinvestmentsorassetmanagement | ||
AssetimpairmentprovisionsduetoactsofGodsuchasnaturaldisasters | ||
Gain/Lossfromdebtrestructuring | 19,777.25 | |
Expensesonbusinessreorganization,suchasexpensesonstaffarrangements,integration,etc. | ||
Gain/Lossonthepartoverthefairvalueduetotransactionswithdistinctlyunfairprices | ||
Currentnetprofitorlossofsubsidiariesacquiredinbusinesscombinationunderthesamecontrolfromperiod-beginningtocombinationdate | ||
Gainsandlossesarisingfromcontingenciesunrelatedtothenormaloperationofthecompany'sbusiness | ||
Gain/lossfromchangeoffairvalueoftradingfinancialassetsandliabilities,andderivativefinancialassetsandliabilities,andinvestmentgainsfrom | 67,789,442.65 |
Item
Item | Amountofcurrentyear | Note |
disposaloftradingfinancialassetsandliabilities,andderivativefinancialassetsandliabilities,andinvestmentinotherobligatoryrights,otherthanvalidhedgingrelatedtotheCompany’scommonbusinesses | ||
Reversalofprovisionforimpairmenttestofreceivablesandcontractassetsimpairment | ||
Gain/lossonentrustmentloans | 80,625,356.41 | |
Gain/lossonchangeinfairvalueofinvestmentpropertyofwhichthefollow-upmeasurementiscarriedoutadoptingfairvaluemethod | ||
Effectoncurrentprofitorlosswhenaone-offadjustmentismadetocurrentprofitorlossaccordingtorequirementsoftaxation,accountingandotherrelevantlawsandregulations | ||
Custodianfeesearnedfromentrustedoperation | ||
Othernon-operatingincomeandexpenseotherthantheabove | 48,615,769.37 | |
Otherprofitandlossitemsinlinewiththedefinitionofnon-recurringgainsandlosses | -1,907,936.23 | |
Subtotal | 5,594,614,075.31 | |
Less:Incometaxeffects | 1,190,629,946.56 | |
Minorityshareholders'equityimpact(aftertax) | 247,833,023.58 | |
Total | 4,156,151,105.17 |
(1)TheexplanationoftheCompanyto“Projectconfirmedwiththedefinitionofnon-recurringgainsandlosses”anddefinenon-recurringgainsandlossesasrecurringgainsandlossesaccordingtothenatureandfeaturesofnormalbusinessoperationsofcompany.
Item | Amount | Reason |
Softwaretaxrefund | 12,585,857.26 | Governmentsubsidieswhicharecloselyrelatedtothenormalbusinessofthecompanyandwhicharein |
Item
Item | Amount | Reason |
accordancewithnationalpoliciesandcertainstandardquotaorquantitativeamount | ||
Total | 12,585,857.26 |
2.ReturnonEquityandEarningsPerShare
ProfitasofReportingPeriod | WeightedaverageROE(%)Returnonnetassets(%) | EPS(RMB/share) | |
Basicearningspershare | Dilutedearningspershare | ||
NetprofitattributabletoordinaryshareholdersoftheCompany | 10.33 | 0.3760 | 0.3760 |
NetprofitattributabletoordinaryshareholdersoftheCompanyafterdeductionofnon-recurringprofitorloss | -37.10 | -1.3500 | -1.3500 |
TheBoardofDirectors
KonkaGroupCo.,Ltd.
29March2022