Hikvision 2022 Q1 ReportStock Exchange Code：002415 Abbreviation of Securities：HikvisionNo：2022-028
Hangzhou Hikvision Digital Technology Co., Ltd.
2022 1
st
Quarter ReportThe Company and all members of the Board of Directors guarantee that the information disclosed istrue, accurate and complete without false records, misleading statements or material omissions.Important Content Notes:
Whether the directors, supervisors and senior management have any objection to the content of thisquarterly report or cannot guarantee the truthfulness, accuracy and completeness of this quarterlyreport
□ Yes √ No
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior management
guarantee that the information presented in this report is true, accurate and complete without falserecords, misleading statements or material omissions, and will undertake individual and joint legalliabilities.
2. Chen Zongnian, the Company's legal representative, Jin Yan, the person in charge of theaccounting work, and Zhan Junhua, the person in charge of accounting institution (accountingsupervisor) hereby declare and warrant that the financial information in this report is true, accurateand complete.
3. Whether the 1
st
quarter report has been audited
□Yes√ No
I. Key Financial Data
1. Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment or restatement of the previous accounting data
□Yes√ No
| 2022 Q1 | 2021 Q1 | YoY Change(%) between 2021 Q1 and 2022 Q1 | |
| Operating income (RMB) | 16,521,549,351.36 | 13,988,385,531.58 | 18.11% |
| Net profits attributable to shareholders of the Company (RMB) | 2,284,174,955.78 | 2,169,440,312.25 | 5.29% |
| Net profits attributable to shareholders of the Company excluding non-recurring gains and losses (RMB) | 2,210,077,663.70 | 2,022,056,316.46 | 9.30% |
| Net cash flows from operating activities (RMB) | -3,904,933,407.63 | -2,018,107,114.23 | -93.49% |
| Basic earnings per share (RMB/share) | 0.247 | 0.235 | 5.11% |
| Diluted earnings per share (RMB/share) | 0.246 | 0.233 | 5.58% |
| Weighted average Return on Equity (ROE) | 3.53% | 3.95% | -0.42% |
| On March 31st 2022 | On December 31st 2021 | Change(%) between December 31st 2021 and March 31st 2022 | |
| Total assets (RMB) | 104,433,154,852.05 | 103,864,543,195.18 | 0.55% |
| Owner’s equity attributable to shareholders of the Company (RMB) | 65,935,588,426.84 | 63,460,886,665.26 | 3.90% |
Hikvision 2022 Q1 ReportThe total share capital of the Company as of the previous trading day of the financial report disclosure:
| The total share capital of the Company as of the previous trading day of the financial report disclosure (share) | 9,433,208,719 |
Fully diluted earnings per share calculated using the latest share capital:
| Fully diluted earnings per share (RMB/share) calculated with the latest share capital | 0.242 |
2. Items and Amounts of Non-recurring Gains and Losses
√ Applicable □ Inapplicable
Unit：RMB
| Item | January 1st 2022–March 31st 2022 |
| Profit or loss from disposal of non-current assets (including the write-off for the impairment provision of assets) | -6,235,789.84 |
| Government subsidies included in the current profit and loss (except for government subsidies that are closely related to the Company's regular business operations, comply with national policies, and those that are continuously enjoyed in accordance with a certain standard fixed or quantitative basis) | 34,618,737.47 |
| Investment income from disposal of subsidiaries and other business units | 1,260,000.00 |
| Profits and losses attributed to change in fair value for held-for-trading financial assets and held-for-trading financial liabilities; and investment income from disposal of held-for-trading financial assets, held-for-trading financial liabilities, and available-for-sale financial assets, excluding the effective hedging business related to the regular business operation of the Company. | 32,111,222.06 |
| Other non-operating income and expenditures except the items mentioned above | 18,990,529.44 |
| Less: Impact of income tax | 5,116,546.63 |
| Impact of the minority interests (after tax) | 1,530,860.42 |
| Total | 74,097,292.08 |
Details of other profit and loss items that meet the definition of non-recurring profit and loss:
□ Applicable √ Inapplicable
The Company does not have other specific conditions of profit and loss items that meet the definition of non-recurring profit and loss.
Explanations on classifying any non-recurring gain/loss item mentioned in the <Explanatory Announcement No. 1on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and Losses>as recurring gain/loss item.
□ Applicable √ Inapplicable
Hikvision 2022 Q1 ReportThe Company does not classify any non-recurring gain/loss item mentioned in the <Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains andLosses> as recurring gain/loss item.
3. Information and explanation about variations in key accounting data and financial indicators
√Applicable □Inapplicable
3.1 Explanation for variations in balance sheet items
| Item | Balance on March 31st 2022 (RMB) | Balance on December 31st 2021 (RMB) | YoY change (%) | Note of Changes |
| Other receivables | 559,853,558.89 | 359,620,445.88 | 55.68% | Tax refund receivable and guarantee deposit receivable increased |
| Held-for-trading financial liabilities | 35,142,730.59 | 4,062,317.57 | 765.09% | Loss on changes in fair value of foreign exchange hedging business increased |
| Payroll payable | 2,444,270,164.84 | 4,595,552,073.12 | -46.81% | 2021 year-end bonus were paid in this quarter |
| Other non-current liabilities | 3,427,897,914.23 | 534,334,158.27 | 541.53% | Completion of the grant of the restricted share scheme in 2021 resulted in an increase in share capital and capital reserve; other non-current liabilities and treasury shares increased with the increase in the number of restricted shares |
| Capital reserves | 8,411,005,114.94 | 5,404,070,600.07 | 55.64% | |
| Treasury shares | 3,917,020,117.59 | 1,023,188,723.04 | 282.82% |
3.2 Explanation for variations in income statement items
| Items | 2022 Q1 (RMB) | 2021 Q1 (RMB) | YoY Change (%) | Note of changes |
| Administrative expenses | 529,341,844.09 | 404,572,784.09 | 30.84% | The increase was due to the expansion of the Company's business scale and the corresponding personnel growth |
| Financial expenses | 5,107,219.67 | -102,974,119.07 | 104.96% | Foreign exchange losses increased |
| Investment income | 132,282,275.71 | 5,303,647.94 | 2394.18% | Return on investment in joint ventures and income on foreign exchange hedging business’ transaction increased |
| Gains/losses from changes in fair value | -36,969,562.42 | 34,574,820.33 | -206.93% | Loss from changes in fair value of foreign exchange hedging business and other non-current financial assets increased |
| Credit impairment losses | -90,841,201.58 | -197,732,278.00 | 54.06% | Provision for credit loss decreased |
| Asset impairment losses | -40,075,823.89 | -81,411,914.50 | 50.77% | Provision for inventory depreciation decreased |
3.3 Explanation for variations in cash flow statement items
| Item | 2022 Q1 (RMB) | 2021 Q1 (RMB) | YoY Change (%) | Note of changes |
| Net cash flow from operating activities | -3,904,933,407.63 | -2,018,107,114.23 | -93.49% | Increase in inventory purchases and employee compensation |
| Net cash flows from investing activities | -795,128,733.12 | -559,863,626.77 | -42.02% | Increase in long-term asset investment expenditures |
| Net cash flows from financing activities | 4,247,971,748.82 | -458,675,244.36 | 1026.14% | Receipt of 2021 incentive restricted share subscriptions and increase in net borrowing inflows |
Hikvision 2022 Q1 ReportII. Shareholder Information
1. Total number of common shareholders and number of preferred shareholders with resumed voting rights and information about top 10 shareholders
Unit: Share
| Total number of common shareholders at the end of the reporting period | 308,098 | Total number of preferred shareholders (if any) whose voting rights have been recovered at the end of the reporting period (if any) | 0 | |||
| Particulars about top 10 shareholders | ||||||
| Name of shareholder | Nature of shareholder | Share- holding percentage (%) | Total shares held at the period-end | The number of common shares held with trading restrictions | Pledged, marked or frozen | |
| Status | Amount | |||||
| China Electronics Technology HIK Group Co., Ltd. | Domestic state-owned corporation | 36.08% | 3,403,879,509 | - | Pledged | 50,000,000 |
| Gong Hongjia | Overseas individual | 10.20% | 962,504,814 | - | Pledged | 117,220,000 |
| Xinjiang Weixun Investment Management Limited Partnership | Domestic non-state-owned corporation | 4.78% | 450,795,176 | - | Pledged | 21,210,000 |
| China Electronics Technology Investment Holdings Co., Ltd. | Domestic state-owned corporation | 2.46% | 232,307,903 | - | - | - |
| Shanghai Gaoyi Asset Management Partnership (Limited Partnership) - Gaoyi Adjacent Mountain 1 Yuanwang Fund | Others | 2.23% | 210,000,000 | - | - | - |
| Xinjiang Pukang Investment Limited Partnership | Domestic non-state-owned corporation | 1.93% | 182,510,174 | - | Pledged | 96,400,000 |
| The 52nd Research Institute at China Electronics Technology Group Corporation | Domestic state-owned corporation | 1.92% | 180,775,044 | - | - | - |
| Hu Yangzhong | Domestic individual | 1.65% | 155,246,477 | 116,434,858 | - | - |
| Bank of China Co., Ltd. - Efunds Blue Chip Select Hybrid Securities Investment Fund | Others | 1.34% | 126,000,000 | - | - | - |
| CITIC Securities Co., Ltd. | Domestic state-owned corporation | 0.94% | 88,559,824 | - | - | - |
| Particulars about shares held by the Top 10 common shareholders holding shares that are not subject to trading restriction(s) | |||
| Name of shareholder | Number of common shares without trading restrictions held at the period-end | Type of shares | |
| Type | Number | ||
| China Electronics Technology HIK Group Co., Ltd. | 3,403,879,509 | RMB ordinary shares | 3,403,879,509 |
| Gong Hongjia | 962,504,814 | RMB ordinary shares | 962,504,814 |
| Xinjiang Weixun Investment Management Limited Partnership | 450,795,176 | RMB ordinary shares | 450,795,176 |
| China Electronics Technology Investment Holdings Co., Ltd. | 232,307,903 | RMB ordinary shares | 232,307,903 |
| Shanghai Gaoyi Asset Management Partnership (Limited Partnership) - Gaoyi Adjacent Mountain 1 Yuanwang Fund | 210,000,000 | RMB ordinary shares | 210,000,000 |
| Xinjiang Pukang Investment Limited Partnership | 182,510,174 | RMB ordinary shares | 182,510,174 |
| The 52nd Research Institute at China Electronics Technology Group Co., Ltd. | 180,775,044 | RMB ordinary shares | 180,775,044 |
| Bank of China Co., Ltd. - Efunds Blue Chip Select Hybrid Securities Investment Fund | 126,000,000 | RMB ordinary shares | 126,000,000 |
| CITIC Securities Co., Ltd. | 88,559,824 | RMB ordinary shares | 88,559,824 |
| Hong Kong Securities Clearing Company Ltd.(HKSCC) | 82,908,374 | RMB ordinary shares | 82,908,374 |
| Explanation on associated relationship and concerted actions among above shareholders | China Electronics Technology HIK Group Co., Ltd., China Electronics Technology Investment Holdings Co., Ltd., and the 52nd Research Institute at China Electronics Technology Group are all subject to control of China Electronics Technology Group Corporation. Ms. Chen Chunmei, limited partner of Xinjiang Pukang Investment Limited Partnership, is the spouse of Mr. Gong Hongjia, overseas individual shareholder of the Company. Hu Yangzhong, domestic individual, is holding shares in both Xinjiang Weixun Investment Management Limited Partnership and Xinjiang Pukang Investment Limited Partnership. Except for these, the Company does not know whether the other shareholders are related parties or whether they are acting-in-concert parties in accordance with the Measures for Management of the Disclosure of the Shareholding Changes of Shareholders of the Listed Company. | ||
2. Total number of preferred shareholders and information about Top 10 preferred shareholders
□ Applicable √ Inapplicable
Hikvision 2022 Q1 ReportIII. Significant Events
√Applicable □Inapplicable
On January 18
th
2022, the 8
th
meeting of the 5
thsession of the Board of Directors of the company deliberatedand approved the Proposal on the Investment and Construction of HikRobot Products’ Industrial Base Project bythe Company’s Holding Subsidiary, and approved the Company's innovative business, a holding subsidiary of theCompany, Hangzhou Hikrobot Technology Co., Ltd. (hereinafter referred to as "HikRobot") to invest self-raisedfunds of RMB 1.1661 billion to build the above project. The project undertaker is HikRobot.On January 18
th
2022, the 8
th meeting of the 5
thsession of the Board of Directors of the Company deliberatedand approved the Proposal on the Investment and Construction of Infrared Thermal Imaging Products’ IndustrialBase Project by the Company’s Holding Subsidiary, and approved the Company's innovative business, a holdingsubsidiary of the Company, Hangzhou Hikmicro Sensing Technology Co., Ltd. (hereinafter referred to as"HikMicro") to invest self-raised funds of RMB 1.28018 billion to build the above project. The project undertakeris HikMicro’s wholly-owned subsidiary, Hangzhou Micro Software Co., Ltd.
On January 18
th 2022, the 8
th meeting of the 5
thsession of the Board of Directors of the company deliberatedand approved the Proposal on the Investment and Construction of HikRobot Intelligent Manufacturing (Tonglu)Base Project by the Company’s Holding Subsidiary, and approved the Company's innovative business, a holdingsubsidiary of the Company, HikRobot to invest self-raised funds of RMB 1.53422 billion to build the above project.The project undertaker is HikRobot’s wholly-owned subsidiary, Hangzhou Hikrobot Automation Co., Ltd.
On January 18
th
2022, the 8
th
meeting of the 5
thsession of the Board of Directors of the company deliberatedand approved the Proposal on the Investment and Construction of Hikvision Global Warehousing and LogisticsCenter Project, and approved the Company to invest self-raised funds of RMB 1.28605 billion to build the aboveproject. The project undertaker is Hangzhou Hikvision Electronics Co., Ltd. (hereinafter referred to as "ElectronicsCompany"), which is a holding subsidiary of Hikvision. On January 24
th
2022, the Electronics Company won theuse right of the state-owned construction land for the project (Phase I) with a total of RMB 53.77 million. OnFebruary 10
th
2022, the Electronics Company and Tonglu Planning and Natural Resources Bureau signed theContract for assigning the right to use state-owned construction land.
On January 18
th 2022, the 8
th
meeting of the 5
thsession of the Board of Directors of the company deliberatedand approved the Proposal on Granting Restricted Shares to Incentive Objects under the 2021 Restricted ShareScheme. In accordance with the Measures for the Administration of Equity Incentives of Listed Companies and other
Hikvision 2022 Q1 Reportrelevant laws, regulations, departmental rules, normative documents, as well as the 2021 Restricted Share Scheme(Revised Draft) and related authorizations that approved by the first extraordinary general meeting in 2022, theCompany has completed the share grant and registration of the 2021 Restricted Share Scheme. The granted incentiveobjects are 9,738 people, and the total number of granted restricted shares is 97,402,605 shares, accounting for 1.04%of the total share capital of the Company before the grant. The granted shares were listed on February 11
th2022.Upon completion of this restricted share scheme grant, the Company's total share capital changed from9,335,806,114 shares to 9,433,208,719 shares.On January 29
th
2022, in accordance with the requirements of the Securities Investment Fund Law and InterimMeasures for the Supervision and Administration of Private Equity Fund, the Hangzhou Haina YuzhiEntrepreneurship Investment Partnership Co., Ltd., co-established by the Company, completed the private equityinvestment fund filing procedures in the Asset Management Association of China (AMAC), and obtained the FilingCertificate of Private Investment Fund.
Related inquiries on important information disclosure website:
| Title of the temporary public announcement | Disclosure Date | Disclosure website of the temporary public announcement |
| Announcement on Granting Restricted Shares to Incentive Objects under the 2021 Restricted Share Scheme (Announcement No. 2022-006) | January 19th 2022 | www.cninfo.com.cn |
| Announcement on the Investment and Construction of HikRobot Products’ Industrial Base Project by the Company’s Holding Subsidiary (Announcement No. 2022-007) | January 19th 2022 | www.cninfo.com.cn |
| Announcement on the Investment and Construction of Infrared Thermal Imaging Machine Products’ Industrial Base Project by the Company’s Holding Subsidiary (Announcement No. 2022-008) | January 19th 2022 | www.cninfo.com.cn |
| Announcement on Investment and Construction of HikRobot Intelligent Manufacturing (Tonglu) Base Project by the Company’s Holding Subsidiary (Announcement No. 2022-009) | January 19th 2022 | www.cninfo.com.cn |
| Announcement on the Investment and Construction of Hikvision Global Warehousing and Logistics Center Project (Announcement No. 2022-010) | January 19th 2022 | www.cninfo.com.cn |
| Announcement on the Completion of the 2021 Restricted Share Scheme’s Share Grant (Announcement No.: 2022-011) | February 10th 2022 | www.cninfo.com.cn |
| Title of the temporary public announcement | Disclosure Date | Disclosure website of the temporary public announcement |
| Announcement on the Completion of the Filing of Entrepreneurship Investment Partnership Enterprise co-established by the Company (Announcement No. 2022-013) | February 10th 2022 | www.cninfo.com.cn |
Hikvision 2022 Q1 ReportIV. Quarterly Financial Reports
1. Financial Statements
1.1 Consolidated Balance Sheet
Unit: RMB
| Item | March 31st 2022 | January 1st 2022 |
| Current Assets: | ||
| Cash and bank balances | 34,214,789,967.83 | 34,721,870,931.36 |
| Held-for-trading financial assets | 39,602,537.35 | 34,320,010.83 |
| Notes receivable | 1,482,113,554.59 | 1,522,760,905.30 |
| Accounts receivable | 25,789,666,608.19 | 26,174,773,100.42 |
| Receivables for financing | 1,315,907,940.71 | 1,316,035,122.06 |
| Prepayments | 520,092,488.58 | 505,798,253.35 |
| Other receivables | 559,853,558.89 | 359,620,445.88 |
| Inventories | 18,500,141,730.63 | 17,974,112,407.60 |
| Contract assets | 1,496,973,175.13 | 1,411,372,624.91 |
| Non-current assets due within one year | 999,823,685.49 | 975,960,437.14 |
| Other current assets | 1,059,687,222.43 | 1,022,600,377.78 |
| Total Current Assets | 85,978,652,469.82 | 86,019,224,616.63 |
| Non-current Assets: | ||
| Long-term receivables | 564,964,392.90 | 613,067,944.97 |
| Long-term equity investment | 1,058,739,120.27 | 982,165,546.45 |
| Other non-current financial assets | 398,550,438.23 | 438,724,172.22 |
| Fixed assets | 7,325,592,362.00 | 6,695,590,671.27 |
| Construction in progress | 2,359,251,163.51 | 2,323,336,098.68 |
| Right-of-use assets | 564,890,135.01 | 566,393,672.75 |
| Intangible assets | 1,297,143,781.57 | 1,304,247,415.07 |
| Goodwill | 209,922,678.57 | 202,381,895.37 |
| Long-term deferred expenses | 151,062,374.39 | 158,007,174.90 |
| Deferred tax assets | 1,208,262,980.73 | 1,210,877,575.24 |
| Other non-current assets | 3,316,122,955.05 | 3,350,526,411.63 |
| Total Non-current Assets | 18,454,502,382.23 | 17,845,318,578.55 |
| Total Assets | 104,433,154,852.05 | 103,864,543,195.18 |
| Current Liabilities: | ||
| Short-term borrowings | 5,178,381,117.37 | 4,074,962,469.97 |
| Held-for-trading financial liabilities | 35,142,730.59 | 4,062,317.57 |
| Notes payable | 1,450,808,791.13 | 1,339,998,383.34 |
| Accounts payable | 11,364,550,862.39 | 15,889,694,981.12 |
| Item | March 31st 2022 | January 1st 2022 |
| Contract Liabilities | 2,351,116,067.38 | 2,580,894,226.59 |
| Payroll payable | 2,444,270,164.84 | 4,595,552,073.12 |
| Taxes payable | 1,727,168,178.61 | 1,461,470,029.69 |
| Other payables | 1,904,450,458.64 | 1,830,626,583.03 |
| Non-current liabilities due within one year | 643,848,416.36 | 596,915,360.58 |
| Other current liabilities | 924,040,162.41 | 917,479,922.61 |
| Total Current Liabilities | 28,023,776,949.72 | 33,291,656,347.62 |
| Non-current Liabilities: | ||
| Long-term borrowings | 3,568,900,791.46 | 3,284,371,642.52 |
| Lease liabilities | 328,390,158.81 | 317,951,879.21 |
| Long-term payables | 7,991,823.98 | 9,009,331.50 |
| Provisions | 195,530,790.87 | 200,675,950.96 |
| Deferred income | 758,237,866.19 | 738,586,458.05 |
| Deferred tax liabilities | 92,928,728.13 | 93,315,151.17 |
| Other non-current liabilities | 3,427,897,914.23 | 534,334,158.27 |
| Total non-current liabilities | 8,379,878,073.67 | 5,178,244,571.68 |
| Total liabilities | 36,403,655,023.39 | 38,469,900,919.30 |
| Owners’ Equity | ||
| Share capital | 9,433,208,719.00 | 9,335,806,114.00 |
| Capital reserves | 8,411,005,114.94 | 5,404,070,600.07 |
| Less: Treasury shares | 3,917,020,117.59 | 1,023,188,723.04 |
| Other comprehensive income | (97,060,465.71) | (77,184,125.29) |
| Surplus reserves | 4,672,505,348.00 | 4,672,505,348.00 |
| Retained earnings | 47,432,949,828.20 | 45,148,877,451.52 |
| Total owners' equity attributable to owner of the Company | 65,935,588,426.84 | 63,460,886,665.26 |
| Minority equity | 2,093,911,401.82 | 1,933,755,610.62 |
| Total owners' equity | 68,029,499,828.66 | 65,394,642,275.88 |
| Total liabilities and owners' equity | 104,433,154,852.05 | 103,864,543,195.18 |
Legal Representative: Chen Zongnian Person in Charge of the Accounting work: Jin YanPerson in Charge of Accounting Institution: Zhan Junhua
1.2 Consolidated Income Statement
Unit: RMB
| Item | 2022 Q1 | 2021 Q1 |
| I. Total operating income | 16,521,549,351.36 | 13,988,385,531.58 |
| Including: Operating income | 16,521,549,351.36 | 13,988,385,531.58 |
| II．Total operating costs | 13,978,401,580.35 | 11,316,658,363.91 |
| Including: Operating costs | 9,297,971,644.50 | 7,439,068,423.51 |
| Business taxes and surcharges | 103,960,428.47 | 101,336,830.02 |
| Selling expenses | 1,974,041,727.28 | 1,786,834,444.08 |
| Administrative expenses | 529,341,844.09 | 404,572,784.09 |
| Research and Development (R&D) expenses | 2,067,978,716.34 | 1,687,820,001.28 |
| Financial expenses | 5,107,219.67 | (102,974,119.07) |
| Including：Interest expenses | 60,958,191.49 | 52,121,944.86 |
| Interest income | 190,359,285.26 | 183,538,676.95 |
| Add: Other Income | 345,650,804.89 | 464,549,234.50 |
| Investment income (loss“-“) | 132,282,275.71 | 5,303,647.94 |
| Including: Investment gains (losses) in associated enterprise and joint-venture enterprise | 68,225,299.63 | (11,301,565.31) |
| Gains (loss “-“) from changes in fair values | (36,969,562.42) | 34,574,820.33 |
| Credit impairment losses (“-“) | (90,841,201.58) | (197,732,278.00) |
| Impairment losses (“-“) of assets | (40,075,823.89) | (81,411,914.50) |
| Asset disposal income (loss“-“) | (5,806,721.09) | 3,464,415.12 |
| III. Operating profit (loss“-“) | 2,847,387,542.63 | 2,900,475,093.06 |
| Add: Non-operating income | 20,516,223.04 | 15,425,698.32 |
| Less: Non-operating expenses | 2,065,880.39 | 5,653,691.68 |
| IV. Total profit (loss“-“) | 2,865,837,885.28 | 2,910,247,099.70 |
| Less: Income tax expenses | 449,922,664.83 | 475,617,677.61 |
| V. Net profit (loss“-“) | 2,415,915,220.45 | 2,434,629,422.09 |
| 5.1 Classification by operation continuity | ||
| (a) Net profit (loss) on continuous operation | 2,415,915,220.45 | 2,434,629,422.09 |
| (b) Net profit (loss) on terminated operation | ||
| 5.2 Classification by attribution of ownership | ||
| (a) Net profit attributable to owners of parent company | 2,284,174,955.78 | 2,169,440,312.25 |
| (b) Profit or loss attributable to minority shareholders | 131,740,264.67 | 265,189,109.84 |
| VI. Other comprehensive income, net of income tax | (12,563,136.93) | (2,726,280.29) |
| Item | 2022 Q1 | 2021 Q1 |
| Other comprehensive income attributable to owners of the Company, net of tax | (19,876,339.66) | (2,797,852.20) |
| (I) Items that will not be reclassified subsequently to profit or loss | ||
| 1. Re-measurement of changes in defined benefit plans | ||
| 2. Other comprehensive income that cannot be transferred to profit or loss under the equity method | ||
| 3. Changes in fair value of other equity instrument investments | ||
| 4. Changes in the fair value of the Company's own credit risk | ||
| 5. Others | ||
| (II) Other comprehensive income to be reclassified to profit or loss in subsequent periods | (19,876,339.66) | (2,797,852.20) |
| 1. Other comprehensive income that can be transferred to profit or loss under the equity method | ||
| 2. Changes in fair value of other debt investments | ||
| 3. Amount of financial assets reclassified into other comprehensive income | ||
| 4. Provision for credit impairment of other debt investments | ||
| 5. Cash flow hedge reserve | ||
| 6. Exchange differences arising on conversion of financial statements denominated in foreign currencies | (19,876,339.66) | (2,797,852.20) |
| 7. Others | ||
| Other comprehensive income attributable to minority interests, net of tax | 7,313,202.73 | 71,571.91 |
| VII. Total comprehensive income | 2,403,352,083.52 | 2,431,903,141.80 |
| Total comprehensive income attributable to owners of the parent company | 2,264,298,616.12 | 2,166,642,460.05 |
| Total comprehensive income attributable to minority shareholders | 139,053,467.40 | 265,260,681.75 |
| VIII. Earnings per share | ||
| (I) Basic earnings per share | 0.247 | 0.235 |
| (II) Diluted earnings per share | 0.246 | 0.233 |
Legal Representative: Chen Zongnian Person in Charge of the Accounting work: Jin YanPerson in Charge of Accounting Institution: Zhan Junhua
1.3 Consolidated Cash Flow Statement
Unit: RMB
| Item | 2022 Q1 | 2021 Q1 |
| I. Cash flows from operating activities: | ||
| Cash received from sale of goods or rendering of services | 17,661,390,678.54 | 16,428,465,685.12 |
| Receipts of tax refunds | 742,166,152.62 | 991,809,469.82 |
| Other cash receipts relating to operating activities | 328,574,664.10 | 588,410,871.02 |
| Sub-total of cash inflows from operating activities | 18,732,131,495.26 | 18,008,686,025.96 |
| Cash payments for goods purchased and services received | 15,519,789,720.06 | 13,971,786,080.20 |
| Cash paid to and on behalf of employees | 5,377,995,779.80 | 4,336,320,740.87 |
| Payments of various types of taxes | 795,152,157.07 | 938,996,033.15 |
| Other cash payments relating to operating activities | 944,127,245.96 | 779,690,285.97 |
| Sub-total of cash outflows from operating activities | 22,637,064,902.89 | 20,026,793,140.19 |
| Net Cash flows from Operating Activities | (3,904,933,407.63) | (2,018,107,114.23) |
| II. Cash flows from Investing Activities: | ||
| Cash receipts from recovery of investments | 1,518,117,095.20 | 1,426,348,673.18 |
| Cash receipts from investment income | 2,013,946.91 | |
| Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets | 7,178,824.87 | 5,980,574.19 |
| Other cash receipts relating to investing activities | 16,969,668.23 | 18,179,686.32 |
| Sub-total of cash inflows from investing activities | 1,544,279,535.21 | 1,450,508,933.69 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 910,928,512.01 | 600,635,383.06 |
| Cash paid to acquire investments | 1,428,479,756.32 | 1,409,737,177.40 |
| Sub-total of cash outflows from investing activities | 2,339,408,268.33 | 2,010,372,560.46 |
| Net cash flows from Investing Activities | (795,128,733.12) | (559,863,626.77) |
| III. Cash flows from financing activities: | ||
| Cash receipts from capital contributions | 2,893,831,394.55 | 5,500,000.00 |
| Including: cash receipts from capital contributions from minority owners of subsidiaries | 5,500,000.00 | |
| Cash receipts from borrowings | 1,537,700,961.53 | 438,000,000.00 |
| Sub-total of cash inflows from financing activities | 4,431,532,356.08 | 443,500,000.00 |
| Cash repayments of borrowings | 70,362,288.03 | 807,825,160.67 |
| Cash payments for distribution of dividends or profits or settlement of interest expenses | 57,131,627.12 | 64,425,606.92 |
| Other cash payments relating to financing activities | 56,066,692.11 | 29,924,476.77 |
| Sub-total of cash outflows from financing activities | 183,560,607.26 | 902,175,244.36 |
| Net cash flows from Financing Activities | 4,247,971,748.82 | (458,675,244.36) |
| Item | 2022 Q1 | 2021 Q1 |
| IV. Effect of foreign exchange rate changes on Cash and Cash Equivalents | (34,758,212.24) | (37,562,227.05) |
| V. Net increase in Cash and Cash Equivalents | (486,848,604.17) | (3,074,208,212.41) |
| Add: Opening balance of Cash and Cash Equivalents | 34,603,944,429.20 | 35,024,837,878.31 |
| VI. Closing Balance of Cash and Cash Equivalents | 34,117,095,825.03 | 31,950,629,665.90 |
Legal Representative: Chen Zongnian Person in Charge of the Accounting work: Jin YanPerson in Charge of Accounting Institution: Zhan Junhua
2. Audit Report
Whether audit has been performed on this 2022 1
stQuarter Report
□ Yes √ No
The Company’s 2022 1
stQuarter report has not been audited
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.Board of DirectorsApril 16
th
2022
Note:
This document is a translated version of the Chinese version 2022 1
stQuarter Report (“2022年第一季度报告”),and the published announcements in the Chinese version shall prevail. The complete published Chinese 2022 1
st
Quarter Report may be obtained at www.cninfo.com.cn.