Stock Code: 002832 Stock Abbreviation: BYLF Announcement No.: 2023-021
BIEM.L.FDLKK Garment Co., Ltd.
First Quarter Report 2023The Company and all members of the Board of Directors hereby guarantee the truthfulness,accuracy and completeness of the information disclosed, and there are no false records,misleading statements or material omissions.Important Notice:
1. The Board of Directors and the Board of Supervisors of the Company and its directors, supervisors and senior managementwarrant that the information contained in this quarterly report is true, accurate and complete without any false records, misleadingstatements or material omissions, and they accept the legal liability severally and jointly thereof.
2. The person in charge of the Company, the person in charge of accounting of the Company, and the person in charge of theaccounting department of the Company have declared that they warrant the truthfulness, accuracy and completeness of thefinancial statements set out in this quarterly report.
3. Whether the First Quarter Report has been audited
□ Yes ?No
I. Main Financial Data(I) Main accounting data and financial indicatorsWhether the Company needs to perform retrospective adjustment or restatement of accounting data for previous years
□ Yes ?No
| Current period | Same period of previous year | Changes over the same period of previous year | |
| Revenue (RMB) | 1,078,874,765.84 | 810,420,572.37 | 33.13% |
| Net profit attributable to shareholders of the listed company (RMB) | 300,665,438.83 | 212,692,757.27 | 41.36% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring profit and loss (RMB) | 287,840,939.05 | 201,656,919.76 | 42.74% |
| Net cash flow from operating activities (RMB) | 506,966,122.25 | 466,607,840.66 | 8.65% |
| Basic earnings per share (RMB/share) | 0.53 | 0.38 | 39.47% |
| Diluted earnings per share (RMB/share) | 0.53 | 0.38 | 39.47% |
| Weighted average return on equity | 7.02% | 6.27% | 0.75% |
| End of current period | End of previous year | Changes over the end of previous year | |
| Total assets (RMB) | 5,885,999,354.18 | 5,578,885,921.48 | 5.50% |
| Owner's equity attributable to shareholders of the listed company (RMB) | 4,430,698,951.77 | 4,130,033,512.93 | 7.28% |
(II) Non-recurring items and amounts?Applicable □ Not applicable
Unit: RMB
| Item | Amount of current period | Description |
| Gains or losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | -124.29 | |
| Governmental grants reckoned into current profits/losses (excluding grants enjoyed in quota or ration according to national standards, which are closely relevant to the Company’s normal business) | 6,235,519.00 | |
| Gains or losses from changes in fair value of financial assets and financial liabilities held for trading, and investment income from the disposal of financial assets and financial liabilities held for trading and available-for-sale financial assets, excluding the effective hedging business related to the normal operation of the Company | 428,883.18 | |
| Other non-operating revenue and expenses except for the aforementioned items | -27,788.00 | |
| Other profit and loss items that qualify the definition of non-recurring profit and loss | 9,140,629.73 | |
| Less: Influence of income tax | 2,952,619.84 | |
| Total | 12,824,499.78 |
Details of other profit and loss items that qualify the definition of non-recurring profit and loss?Applicable □ Not applicableDuring the reporting period, the Company had RMB9,140,629.73 of other profit/loss items that qualified the definition of non-recurring profit/loss, which were the income from wealth management products.Descriptions where the Company defines any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement onInformation Disclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and lossitems during the reporting period
□ Applicable ?Not applicable
The Company did not define any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on InformationDisclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and loss items
during the reporting period.(III) Changes of main accounting data and financial indicators and reasons for the changes?Applicable □ Not applicable
| Item | March 31, 2023 (RMB) | December 31, 2022 (RMB) | Change ratio | Description |
| Monetary funds | 2,292,609,362.29 | 1,144,693,949.57 | 100.28% | Mainly owing to the increase in sales and the redemption of mature bank wealth management products in the current period |
| Financial assets held for trading | 701,715,972.22 | 1,378,756,798.87 | -49.11% | Mainly owing to the redemption of mature bank wealth management products in the current period |
| Intangible assets | 339,252,969.78 | 129,012,724.85 | 162.96% | Mainly owing to the carry-over of the prepaid land payments to intangible assets in the current period |
| Other non-current assets | - | 229,534,475.56 | -100.00% | Mainly owing to the carry-over of the prepaid land payments to intangible assets in the current period |
| Notes payable | 31,980,023.19 | 46,482,171.48 | -31.20% | Mainly owing to the decrease in acceptance bills issued in the current period |
| Employee benefits payable | 86,556,318.43 | 65,774,838.19 | 31.59% | Mainly owing to the increase in sales in the current period |
| Item | Amount of current period (RMB) | Amount of previous period (RMB) | Change ratio | Description |
| Revenue | 1,078,874,765.84 | 810,420,572.37 | 33.13% | Mainly owing to the increase in sales in the current period |
| Cost of revenue | 262,016,878.58 | 198,651,846.91 | 31.90% | Mainly owing to the increase in sales in the current period |
| Finance expenses | -8,209,163.63 | -3,076,152.10 | -166.86% | Mainly owing to the increase in the interest expense of convertible bonds in the previous period and the increase in the interest income in the current period |
| Asset impairment loss | -20,210,680.00 | -11,685,476.98 | -72.96% | Mainly owing to the provision for inventory impairment in the current period |
| Income tax expenses | 67,565,743.84 | 47,081,807.86 | 43.51% | Mainly owing to the increase in profits in the current period |
| Current period (RMB) | Same period of previous year (RMB) | Change ratio | Description | |
| Revenue | 1,078,874,765.84 | 810,420,572.37 | 33.13% | Mainly owing to the increase in sales in the current period |
| Net profit attributable to shareholders of the listed company | 300,665,438.83 | 212,692,757.27 | 41.36% | Mainly owing to the increase in sales in the current period |
| Net profit attributable to shareholders of the listed company after deducting non-recurring profit and loss | 287,840,939.05 | 201,656,919.76 | 42.74% | Mainly owing to the increase in sales in the current period |
| Basic earnings per share (RMB/share) | 0.53 | 0.38 | 39.47% | Mainly owing to the increase in net profit attributable to shareholders of the listed company in the current period |
| Diluted earnings per share (RMB/share) | 0.53 | 0.38 | 39.47% | Mainly owing to the increase in net profit attributable to shareholders of the listed company in the current period |
II. Shareholder Information(I) Total number of ordinary shareholders, number of preferred shareholders whose voting rights wereresumed and shareholdings of top 10 shareholders
Unit: share
| Total number of ordinary shareholders at the end of the reporting period | 8,769 | Total number of preferred shareholders whose voting rights were resumed at the end of the reporting period (if any) | 0 | |||
| Shareholdings of top 10 shareholders | ||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage (%) | Number of shares | Number of restricted shares | Pledged, marked or frozen | |
| Share status | Quantity | |||||
| Xie Bingzheng | Domestic natural person | 37.88% | 216,170,800.00 | 162,128,100.00 | ||
| Feng Lingling | Domestic natural person | 3.44% | 19,652,000.00 | |||
| Shen Jindong | Domestic natural person | 3.44% | 19,652,000.00 | 14,739,000.00 | ||
| CCB - Guotai Health Equity Investment Fund | Others | 2.42% | 13,829,755.00 | |||
| National Social Security Fund Portfolio 103 | Others | 2.28% | 12,986,489.00 | |||
| ICBC - GF Steady Growth Securities Investment Fund | Others | 2.07% | 11,800,000.00 | |||
| Taiping Life Insurance Company Limited - Traditional - General Insurance Product - 022L-CT001 SZ | Others | 1.88% | 10,743,280.00 | |||
| National Social Security Fund Portfolio 115 | Others | 1.63% | 9,300,000.00 | |||
| Hong Kong Securities Clearing Co., Ltd. | Foreign legal person | 1.63% | 9,296,108.00 | |||
| National Social Security Fund Portfolio 118 | Others | 1.54% | 8,812,199.00 | |||
| Top 10 shareholders not subject to selling restrictions | ||||||
| Name of shareholder | Number of unrestricted shares | Type of shares | ||||
| Type of shares | Quantity | |||||
| Xie Bingzheng | 54,042,700.00 | RMB-denomin | 54,042,700.00 | |||
| ated ordinary shares | ||||
| Feng Lingling | 19,652,000.00 | RMB-denominated ordinary shares | 19,652,000.00 | |
| CCB - Guotai Health Equity Investment Fund | 13,829,755.00 | RMB-denominated ordinary shares | 13,829,755.00 | |
| National Social Security Fund Portfolio 103 | 12,986,489.00 | RMB-denominated ordinary shares | 12,986,489.00 | |
| ICBC - GF Steady Growth Securities Investment Fund | 11,800,000.00 | RMB-denominated ordinary shares | 11,800,000.00 | |
| Taiping Life Insurance Company Limited - Traditional - General Insurance Product - 022L-CT001 SZ | 10,743,280.00 | RMB-denominated ordinary shares | 10,743,280.00 | |
| National Social Security Fund Portfolio 115 | 9,300,000.00 | RMB-denominated ordinary shares | 9,300,000.00 | |
| Hong Kong Securities Clearing Co., Ltd. | 9,296,108.00 | RMB-denominated ordinary shares | 9,296,108.00 | |
| National Social Security Fund Portfolio 118 | 8,812,199.00 | RMB-denominated ordinary shares | 8,812,199.00 | |
| China Merchants Bank Co., Ltd. - Guotai Advantage Hybrid Securities Investment Fund | 8,192,910.00 | RMB-denominated ordinary shares | 8,192,910.00 | |
| Description on the related relationship or persons acting-in-concert arrangements among the above shareholders | Xie Bingzheng and Feng Lingling, as husband and wife, are persons acting in concert. It is unknown to the Company whether other shareholders are related parties or persons acting in concert as stipulated in the Administrative Measures on Acquisition of Listed Companies. | |||
| Description on the top 10 shareholders’ participation in margin trading and securities lending business (if any) | None | |||
(II) Total number of preferred shareholders and shareholdings of top 10 preferred shareholders
□ Applicable ?Not applicable
III. Other Significant Matters?Applicable □ Not applicableDuring the reporting period, Guangzhou Houde Zaiwu Industrial Investment Fund Partnership (Limited Partnership), a partnershipcompany in which the Company holds 99.86% of equities, invested �57 million and �38 million, respectively, into its wholly-owned subsidiaries Hong Kong Carritt Limited (hereinafter referred to as “Carritt”) and Hong Kong Plentiful Shiny Limited(hereinafter referred to as “Plentiful Shiny”). Afterwards, Carritt acquired 100% equities of Cerruti Investment Pte. Ltd, aSingaporean company held by Trinity Fashions Limited, and 100% equities of Cerruti 1881, a French company held by TogaInvestments France, at a total price of �57 million; Plentiful Shiny acquired all the equities of LiFung Trinity Management(Singapore) Pte. Ltd., a Singaporean company held by Trinity Services Holdings Limited, at a price of �38 million. As a result, theCompany indirectly acquired the global trademark ownership of the luxury brands “CERRUTI 1881” and “KENT&CURWEN”owned by the aforementioned target companies (hereinafter referred to as the “Acquisition”). Carritt and Plentiful Shiny havesigned the equity acquisition agreements under this Acquisition with relevant counterparties. For details, please refer to theAnnouncement on Foreign Investment and Acquisition of Overseas Assets disclosed by the Company (Announcement No. 2023-009).As of the disclosure date of this report, the relevant parties are handling procedures relating to the Acquisition.IV. Quarterly Financial Statements(I) Financial statements
1. Consolidated balance sheet
Prepared by: BIEM.L.FDLKK Garment Co., Ltd.
March 31, 2023
Unit: RMB
| Item | Balance at the end of the period | Balance at the beginning of the period |
| Current assets: | ||
| Monetary funds | 2,292,609,362.29 | 1,144,693,949.57 |
| Settlement reserve | ||
| Lending funds | ||
| Financial assets held for trading | 701,715,972.22 | 1,378,756,798.87 |
| Derivative financial assets | ||
| Notes receivable | ||
| Accounts receivable | 314,416,157.31 | 252,544,886.96 |
| Accounts receivable financing | ||
| Prepayments | 22,643,115.64 | 28,272,902.29 |
| Premiums receivable | ||
| Reinsurance premiums receivable | ||
| Reinsurance contract reserves receivable | ||
| Other receivables | 76,975,543.23 | 72,134,856.39 |
| Including: Interests receivable | ||
| Dividends receivable | ||
| Financial assets purchased under agreements to resell | ||
| Inventory | 652,798,044.35 | 745,605,174.25 |
| Contract assets | ||
| Assets held for sale | 146,768,886.69 | 137,859,613.49 |
| Non-current assets due within one year | ||
| Other current assets | 315,850,351.33 | 364,286,702.97 |
| Total current assets | 4,523,777,433.06 | 4,124,154,884.79 |
| Non-current assets: | ||
| Loans and advances | ||
| Debt investments | ||
| Other debt investments | ||
| Long-term receivables | ||
| Long-term equity investments | ||
| Investment in other equity instruments | 10,499,383.76 | 10,499,383.76 |
| Other non-current financial assets | ||
| Investment properties | ||
| Property, plant and equipment | 448,554,998.66 | 461,506,954.62 |
| Construction in progress | 75,848,832.78 | 70,114,185.76 |
| Productive biological assets | ||
| Oil & gas assets | ||
| Right-of-use assets | 279,494,494.60 | 332,568,088.84 |
| Intangible assets | 339,252,969.78 | 129,012,724.85 |
| Development expenses | ||
| Goodwill | ||
| Long-term deferred expenses | 109,365,603.07 | 111,489,073.31 |
| Deferred tax assets | 99,205,638.47 | 110,006,149.99 |
| Other non-current assets | 229,534,475.56 | |
| Total non-current assets | 1,362,221,921.12 | 1,454,731,036.69 |
| Total assets | 5,885,999,354.18 | 5,578,885,921.48 |
| Current liabilities: | ||
| Short-term loans | ||
| Borrowings from central bank | ||
| Placements from banks and other financial institutions | ||
| Financial liabilities held for trading | ||
| Derivative financial liabilities | ||
| Notes payable | 31,980,023.19 | 46,482,171.48 |
| Accounts payable | 232,394,934.67 | 184,779,174.92 |
| Prepayments | ||
| Contract liabilities | 150,814,721.71 | 168,876,645.17 |
| Financial assets sold under agreements to repurchase | ||
| Deposits from customers and interbank | ||
| Funds from securities trading agency | ||
| Funds from securities underwriting agency | ||
| Employee benefits payable | 86,556,318.43 | 65,774,838.19 |
| Taxes payable | 205,630,561.11 | 170,728,526.54 |
| Other payables | 112,652,472.63 | 90,368,389.42 |
| Including: Interests payable | ||
| Dividends payable | ||
| Service charges and commissions payable |
| Reinsurance premiums payable | ||
| Liabilities held for sale | 314,601.00 | 1,408,760.31 |
| Non-current liabilities due within one year | 184,553,239.29 | 201,658,095.27 |
| Other current liabilities | 295,444,494.31 | 335,666,660.59 |
| Total current liabilities | 1,300,341,366.34 | 1,265,743,261.89 |
| Non-current liabilities: | ||
| Insurance contract reserves | ||
| Long-term loans | ||
| Bonds payable | ||
| Including: Preference shares | ||
| Perpetual bonds | ||
| Lease liabilities | 112,425,408.20 | 141,295,857.16 |
| Long-term payables | ||
| Long-term employee benefits payable | ||
| Provision | ||
| Deferred income | 29,625,000.00 | 30,000,000.00 |
| Deferred tax liabilities | 10,363,326.05 | 10,363,326.05 |
| Other non-current liabilities | ||
| Total non-current liabilities | 152,413,734.25 | 181,659,183.21 |
| Total liabilities | 1,452,755,100.59 | 1,447,402,445.10 |
| Owner's equity: | ||
| Share capital | 570,707,084.00 | 570,707,084.00 |
| Other equity instruments | ||
| Including: Preference shares | ||
| Perpetual bonds | ||
| Capital reserve | 893,544,757.34 | 893,544,757.34 |
| Less: Treasury shares | ||
| Other comprehensive income | 41,433,816.28 | 41,433,816.28 |
| Special reserves | ||
| Surplus reserves | 285,353,542.00 | 285,353,542.00 |
| General risk reserves | ||
| Retained earnings | 2,639,659,752.15 | 2,338,994,313.31 |
| Total equity attributable to owners of the parent company | 4,430,698,951.77 | 4,130,033,512.93 |
| Equities of minority shareholders | 2,545,301.82 | 1,449,963.45 |
| Total owner's equity | 4,433,244,253.59 | 4,131,483,476.38 |
| Total liabilities and owners' equity | 5,885,999,354.18 | 5,578,885,921.48 |
Legal representative: Xie Bingzheng Person in charge of accounting: Tang Xinqiao Person in charge of accountingdepartment: Chen Zhihui
2. Consolidated income statement
Unit: RMB
| Item | Amount incurred in the current period | Amount incurred in the prior period |
| I. Total Revenue | 1,078,874,765.84 | 810,420,572.37 |
| Including: Revenue | 1,078,874,765.84 | 810,420,572.37 |
| Interest income | ||
| Insurance premiums earned | ||
| Service charge and commission income | ||
| II. Costs and Expenses | 706,214,684.41 | 552,546,551.89 |
| Including: Cost of revenue | 262,016,878.58 | 198,651,846.91 |
| Interest expense | ||
| Service charge and |
| commission expense | ||
| Surrender value | ||
| Net benefit payments | ||
| Net insurance liability reserves | ||
| Policy dividends | ||
| Reinsurance expenses | ||
| Taxes and surcharges | 8,169,329.81 | 7,706,269.83 |
| Selling expenses | 358,686,987.98 | 280,295,330.40 |
| Administrative expenses | 52,672,457.43 | 43,648,121.41 |
| R&D expenses | 32,878,194.24 | 25,321,135.44 |
| Finance expenses | -8,209,163.63 | -3,076,152.10 |
| Including: Interest fees | 3,564,743.99 | 5,972,669.50 |
| Interest income | 11,484,485.82 | 9,623,041.08 |
| Plus: Other income | 6,213,890.76 | 5,122,808.74 |
| Return on investment ("-" indicates loss) | 9,140,629.73 | 9,457,859.81 |
| Including: Return on investment in associates and joint ventures | ||
| Income from the derecognition of financial assets measured at amortized cost | ||
| Exchange gains ("-" indicates loss) | ||
| Gains from net exposure hedging ("-" indicates loss) | ||
| Gains from changes in fair value ("-" indicates loss) | 428,883.18 | |
| Credit impairment losses ("-" indicates loss) | ||
| Asset impairment losses ("-" indicates loss) | -20,210,680.00 | -11,685,476.98 |
| Gains on disposal of assets ("-" indicates loss) | ||
| III. Operating Profit ("-" indicates loss) | 368,232,805.10 | 260,769,212.05 |
| Plus: Non-operating revenue | 443,921.67 | 28,333.04 |
| Less: Non-operating expenses | 450,205.72 | 1,022,979.96 |
| IV. Total Profit ("-" indicates total loss) | 368,226,521.05 | 259,774,565.13 |
| Less: Income tax expense | 67,565,743.84 | 47,081,807.86 |
| V. Net Profit ("-" indicates net loss) | 300,660,777.21 | 212,692,757.27 |
| i. Classified by operation sustainability | ||
| 1. Net profit from continued operation ("-" indicates net loss) | 300,660,777.21 | 212,692,757.27 |
| 2. Net profit from discontinued operation ("-" indicates net loss) | ||
| ii. Classified by attribution of ownership | ||
| 1. Net profit attributable to owners of the parent company | 300,665,438.83 | 212,692,757.27 |
| 2. Minority shareholders' profits and losses | -4,661.62 |
| VI. Net Amount of Other Comprehensive Income after Tax | ||
| Total other comprehensive after-tax net income attributable to owners of the parent company | ||
| i. Other comprehensive income that cannot be reclassified into profit or loss | ||
| 1. Changes in remeasurement of defined benefit plan | ||
| 2. Other comprehensive income that cannot be transferred into profit or loss under equity method | ||
| 3. Changes in fair value of other debt investments | ||
| 4. Changes in fair value of credit risk of the enterprise | ||
| 5. Others | ||
| ii. Other comprehensive income reclassified into profit or loss | ||
| 1. Other comprehensive income to be transferred into profit or loss under equity method | ||
| 2. Changes in fair value of other debt investments | ||
| 3. Financial assets reclassified into other comprehensive income | ||
| 4. Provision for credit impairment of other debt investments | ||
| 5. Reserve of cash flow hedge | ||
| 6. Converted difference in foreign currency financial statements | ||
| 7. Others | ||
| Total other comprehensive after-tax net income attributable to minority shareholders | ||
| VII. Total Comprehensive Income | 300,660,777.21 | 212,692,757.27 |
| Total comprehensive income attributable to owners of the parent company | 300,665,438.83 | 212,692,757.27 |
| Total comprehensive income attributable to minority shareholders | -4,661.62 | |
| VIII. Earnings per Share: | ||
| i. Basic earnings per share | 0.53 | 0.38 |
| ii. Diluted earnings per share | 0.53 | 0.38 |
Legal representative: Xie Bingzheng Person in charge of accounting: Tang Xinqiao Person in charge of accountingdepartment: Chen Zhihui
3. Consolidated cash flow statement
Unit: RMB
| Item | Amount incurred in the current period | Amount incurred in the prior period |
| I. Cash Flows from Operating Activities: | ||
| Cash received from sale of goods or rendering of services | 930,454,287.30 | 884,641,760.13 |
| Net increase in deposits from customers, banks and non-bank financial |
| institutions | ||
| Net increase in borrowings from central bank | ||
| Net increase in placements from other financial institutions | ||
| Cash received from premiums of direct insurance contracts | ||
| Net cash from reinsurance business | ||
| Net increase in policyholder deposits and investment funds | ||
| Cash received from interests, service charges and commissions | ||
| Net increase in placements from banks and other financial institutions | ||
| Net increase in repo service fund | ||
| Net cash from agent securities trading | ||
| Tax rebates | ||
| Cash received related to other operating activities | 24,187,763.85 | 10,221,029.37 |
| Subtotal of cash inflow from operating activities | 954,642,051.15 | 894,862,789.50 |
| Cash paid for goods purchased and services rendered | 174,439,825.93 | 171,391,319.33 |
| Net loans and advances to customers | ||
| Net increase in deposits with the central bank, banks and non-bank financial institutions | ||
| Cash paid for claims of direct insurance contracts | ||
| Net increase in placements with banks and non-bank financial institutions | ||
| Cash paid for interests, fees and commissions | ||
| Cash paid for policy dividends | ||
| Cash paid to and on behalf of employees | 112,575,227.75 | 102,483,386.38 |
| Tax payments | 89,468,565.59 | 86,040,615.85 |
| Cash paid related to other operating activities | 71,192,309.63 | 68,339,627.28 |
| Subtotal of cash outflow from operating activities | 447,675,928.90 | 428,254,948.84 |
| Net cash flows from operating activities | 506,966,122.25 | 466,607,840.66 |
| II. Cash Flows from Investing Activities: | ||
| Cash received from recovery of investment | ||
| Cash received from return on investments | 114,255,535.45 | 11,560,852.45 |
| Net cash received from the disposal of property, plant and equipment, intangible assets, and other long-lived assets | ||
| Net cash received from the disposal of subsidiaries and other business entities | ||
| Cash received related to other | 1,393,681,040.69 | 1,380,000,000.00 |
| investing activities | ||
| Subtotal of cash inflow from investing activities | 1,507,936,576.14 | 1,391,560,852.45 |
| Cash paid for the acquisition and construction of property, plant and equipment, intangible assets, and other long-lived assets | 77,465,364.40 | 94,444,318.49 |
| Cash paid for investments | 10,000,000.00 | |
| Net increase in pledged loans | ||
| Net cash paid for acquisition of subsidiaries and other business entities | ||
| Cash paid related to other investing activities | 755,000,000.00 | 1,580,000,000.00 |
| Subtotal of cash outflow from investing activities | 842,465,364.40 | 1,674,444,318.49 |
| Net cash flows from investing activities | 665,471,211.74 | -282,883,466.04 |
| III. Cash Flows from Financing Activities: | ||
| Cash received from capital contribution | 1,100,000.00 | |
| Including: Proceeds received by subsidiaries from minority shareholders' investment | ||
| Cash received from borrowings | ||
| Cash received related to other financing activities | ||
| Subtotal of cash inflow from financing activities | 1,100,000.00 | |
| Cash paid for repayments of borrowings | ||
| Cash paid for interest expenses and distribution of dividends or profits | ||
| Including: Dividend and profit paid by subsidiaries to minority shareholders | ||
| Cash paid related to other financing activities | 14,567,684.65 | 35,496,927.12 |
| Subtotal of cash outflow from financing activities | 14,567,684.65 | 35,496,927.12 |
| Net cash flows from financing activities | -13,467,684.65 | -35,496,927.12 |
| IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents | ||
| V. Net Increase in Cash and Cash Equivalents | 1,158,969,649.34 | 148,227,447.50 |
| Plus: Opening balance of cash and cash equivalents | 1,099,091,515.33 | 1,058,018,706.05 |
| VI. Closing Balance of Cash and Cash Equivalents | 2,258,061,164.67 | 1,206,246,153.55 |
(II) Report auditing
Whether the First Quarter Report has been audited
□ Yes ?No
The First Quarter Report of the Company has not been audited.
Board of Directors of BIEM.L.FDLKK Garment Co., Ltd.
April 28, 2023