Stock Code: 002236 Stock Abbreviation: DAHUA Notification No.: 2022-024
Zhejiang Dahua Technology Co., Ltd.Report for the First Quarter of 2022
Important Notice:
1. The Board of Directors, the Board of Supervisors, directors, supervisors and seniormanagement members of the Company hereby guarantee that the information presented inthis quarterly report is authentic, accurate, complete and free of any false records,misleading statements or material omissions, and they will bear joint and several liability forsuch information.
2. The Company's legal representative, chief accountant, and person in charge ofaccounting institution (Accounting Officer) hereby declare and warrant that the financialstatements in the quarterly report are authentic, accurate, and complete.
3. Has the first quarter report been audited
□ Yes √ No
I. Key Financial Data(I) Key Accounting Data and Financial IndicatorsWhether the Company needs retroactive adjustment or restatement of accounting data in prior years or not
□ Yes √ No
The Company and all members of the Board of Directors hereby guarantee thatthe information disclosed herein is authentic, accurate and complete and free of anyfalse records, misleading statements, or material omissions.
| The Current Reporting Period | The Same Period of Last Year | Increase/Decrease of the Current Reporting Period Compared with the Same Period of the Previous Year | |
| Operating Revenue (RMB) | 5,847,968,885.65 | 5,114,399,101.72 | 14.34% |
| Net Profit Attributable to Shareholders of the Listed Company (RMB) | 355,574,576.71 | 347,573,484.46 | 2.30% |
| Net Profit Attributable to Shareholders of the Listed Company after Deducting Non-Recurring Gains and Losses (RMB) | 345,713,991.57 | 311,445,134.94 | 11.00% |
| Net Cash Flow Generated by Operational Activities (RMB) | -2,473,101,850.64 | -1,327,570,256.40 | -86.29% |
| Basic Earnings per Share (RMB/Share) | 0.12 | 0.12 | 0.00% |
| Diluted Earnings per Share (RMB/Share) | 0.12 | 0.12 | 0.00% |
| Weighted Average ROE | 1.49% | 1.74% | -0.25% |
| At the End of the Current Reporting Period | At the End of the Previous Year | Increase/Decrease at the End of the Current Reporting Period Compared with the |
| End of the Previous Year | |||
| Total Assets (RMB) | 42,223,316,353.43 | 44,055,872,021.97 | -4.16% |
| Owners' Equity Attributable to Shareholders of the Listed Company (Unit: RMB) | 23,993,341,798.48 | 23,617,602,513.55 | 1.59% |
(II) Non-recurring Gains or Losses and Their Amounts
√ Applicable □ Not applicable
Unit: RMB
| Item | Amount in the Current Reporting Period | Note |
| Profits or losses from disposal of non-current assets (including the write-off for the impairment provision of accrued assets) | 48,504.93 | |
| The government subsidies included in the current profits and losses (excluding the government subsidies closely related to regular businesses of the Company, in line with national policies, and consecutively received by a standard quota or quantity) | 72,886,592.31 | |
| Gains or losses from investment or asset management entrusted to others | -71,226,266.34 | |
| Gains or losses from debt restructuring | -411,312.80 | |
| Profits and losses resulting from the changes in fair value for holding trading financial assets and trading financial liabilities, and investment income from disposal of trading financial assets, trading financial liabilities, and financial assets available for trading, excluding the effective hedging businesses related to the regular business operation of the Company | 11,260,956.98 | |
| Non-Operating revenue and expenses other than the above | 1,209,575.04 | |
| Other gains and losses items that fit the definition of non-recurring gains and losses | 515,701.75 | |
| Less: Impact of income tax | 2,723,803.42 | |
| Impact of minority equity (after tax) | 1,699,363.31 | |
| Total | 9,860,585.14 | -- |
Other gains or losses that fit the definition of non-recurring gains or losses:
□ Applicable √ Not applicable
The Company has no other gains or losses that fit the definition of non-recurring gains or losses.Note for the definition of non-recurring gains and losses set out in the No. 1 Explanatory Announcement on InformationDisclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses, as recurring gains andlosses.
□ Applicable √ Not applicable
The Company did not define any non-recurring gains and losses set out in the No. 1 Explanatory Announcement onInformation Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses asrecurring gains and losses.(III) The Changes in Key Accounting Data and Financial Indicators and the Reasons
√ Applicable □ Not applicable
(I) The changes of assets and liabilities and the reasons
1. Trading financial assets decreased by 43.51% compared with beginning of this year, mainly due to changes in the fairvalue of foreign exchange contracts;
2. Other current assets decreased by 42.12% compared with beginning of this year, mainly due to the recovery of RMB525 million on maturity from reverse repurchase of treasury bonds at the beginning of this period;
3. Short-term loan increased by 294.02% compared with beginning of this year, mainly due to the increase of bank loan inthis period;
4. The salary payable to employees decreased by 66.17% compared with beginning of this year, mainly due to theissuance of year-end bonus for the previous year in this period;
5. The taxes payable decreased by 36.16% compared with the beginning of this year, mainly due to the decrease in VATpayable and corporate income tax payable compared with the beginning of this year;
6. Non-current liabilities due within one year increased by 60.81% compared with the beginning of this year, mainly due tothe increase of long-term borrowings due within one year in this period;(II) The changes of items in the income statement and the reasons
1. Taxes and surcharges decreased by 33.54% compared with the same period of previous year, mainly due to thedecrease of turnover tax payable in this period compared with the same period of previous year;
2. Financial expenses increased by 210.78% compared with the same period of previous year, mainly due to the increaseof bank borrowings and corresponding interest expenditures in the period, and the increase of exchange losses comparedwith the same period of previous year;
3. Other Income increased by 58.20% compared with the same period of previous year, mainly due to the increase ofvalue-added tax refund and government subsidies compared with the same period of previous year;
4. Income from changes in fair value decreased by 834.01% compared with the same period of previous year, mainly dueto fair value changes of asset management plans;
5. Credit impairment losses increased by 255.66% compared with the same period of previous year, mainly due to theincrease of bad debts provisions compared with the same period of previous year;
6. Asset impairment losses increased by 180.29% compared with the same period of previous year, mainly due to theincrease of inventory depreciation provisions compared with the same period of previous year;
7. Income from disposal of assets decreased by 94.19% compared with the same period of previous year, mainly due tothe decrease of income from fixed assets disposal compared with the same period of previous year;
8. Income tax expense decreased by 113.59% compared with the same period of previous year, mainly due to theincrease of R&D investment in this period compared with the same period of previous year;(III) The changes of items in the cash flow statement and the reasons
1. The net amount of cash flow generated by operating activities decreased by 86.29% compared with the same period ofprevious year, mainly due to the increase of procurement payments in this period compared with the same period ofprevious year;
2. The net amount of cash flow generated by investment activities increased by 117.58% compared with the same periodof previous year, mainly due to the increase of recovery from the reverse repurchase of treasury bonds and the decreaseof entrusted financial management investment in this period compared with the same period of previous year.II. Information on Shareholders(I) The total number of common shareholders, the number of preferred shareholders withrestored voting rights and shareholding status of the top 10 shareholders
Unit: share
| Total Number of Common Shareholders at the End of the Reporting Period | 153,916 | Total Number of Preferred Shareholders (If Any) Whose Voting Rights have been Recovered at the End of the Reporting Period | 0 | |||||
| The Shareholdings of the Top 10 Shareholders | ||||||||
| Name of Shareholder | Nature Of Shareholder | Shareholding Percentage | Number of Shares Held | Number of Shares Held with Limited Sales Conditions | Pledged, Marked or Frozen Shares | |||
| State Of Shares | Number | |||||||
| Fu Liquan | Domestic Natural Person | 34.19% | 1,023,868,980 | 767,901,735 | Pledge | 202,527,942 | ||
| Zhu Jiangming | Domestic Natural Person | 5.36% | 160,577,490 | 160,577,490 | Pledge | 22,300,000 | ||
| Hong Kong Securities Clearing Co. Ltd. | Overseas Legal Person | 5.00% | 149,794,659 | 0 | ||||
| Chen Ailing | Domestic Natural Person | 2.38% | 71,262,813 | 53,447,110 | Pledge | 21,100,000 | ||
| Wu Jun | Domestic Natural Person | 2.31% | 69,250,886 | 51,938,164 | ||||
| National Social Security Fund 103 | Others | 1.37% | 41,000,969 | 0 | ||
| China Securities Finance Co., Ltd. | Domestic Non-state-owned Legal Person | 1.32% | 39,611,241 | 0 | ||
| China Galaxy Securities Co., Ltd. | State-owned Legal Person | 1.10% | 32,962,479 | 0 | ||
| National Social Security Fund 111 | Others | 0.79% | 23,657,131 | 0 | ||
| Shanghai Greenwoods Assets Management Co., Ltd. - Greenwoods Global Fund | Others | 0.69% | 20,803,816 | 0 | ||
| Shareholding List of Top Ten Shareholders without Limited Sales Condition | ||||||
| Name of Shareholder | Number of Shares Held without Limited Sales Condition | Type of Shares | ||||
| Type of Shares | Number | |||||
| Fu Liquan | 255,967,245 | RMB Common Stock | 255,967,245 | |||
| Hong Kong Securities Clearing Co. Ltd. | 149,794,659 | RMB Common Stock | 149,794,659 | |||
| National Social Security Fund 103 | 41,000,969 | RMB Common Stock | 41,000,969 | |||
| China Securities Finance Co., Ltd. | 39,611,241 | RMB Common Stock | 39,611,241 | |||
| China Galaxy Securities Co., Ltd. | 32,962,479 | RMB Common Stock | 32,962,479 | |||
| National Social Security Fund 111 | 23,657,131 | RMB Common Stock | 23,657,131 | |||
| Shanghai Greenwoods Assets Management Co., Ltd. - Greenwoods Global Fund | 20,803,816 | RMB Common Stock | 20,803,816 | |||
| Chen Ailing | 17,815,703 | RMB Common Stock | 17,815,703 | |||
| Wu Jun | 17,312,722 | RMB Common Stock | 17,312,722 | |||
| National Social Security Fund 101 | 16,504,516 | RMB Common Stock | 16,504,516 | |||
| Description of the Association Relationship or Concerted Action of Above-mentioned shareholders | Mr. Fu Liquan And Ms. Chen Ailing Are Husband and Wife. The Company Is Unaware of Whether Other Shareholders Have Associated Relationship or Are Persons Acting in Concert. | |||||
| Explanation on Top Ten Shareholders’ Participation in Securities Margin Trading (if any) | N/A | |||||
(II) The total number of preferred shareholders and the shareholdings of the top 10 preferredshareholders
□ Applicable √ Not applicable
III. Other Significant Matters
√ Applicable □ Not applicable
On March 26, 2021, the Proposal on the Company’s Plan for the Non-public Issuance of Shares in 2021 and otherrelated proposals were reviewed and approved at the Company's 12
th
session of the 7
th board of directors and the 8
th
session of the 7
thboard of supervisors. The company planned to issue 312,151,600 non-public shares, and the totalamount of funds raised did not exceed RMB 5.6 billion (inclusive). The target company of this non-public issuance isChina Mobile Capital Holdings Co., Ltd., which is the wholly-owned subsidiary of China Mobile Communications GroupCo., Ltd.,. Matters related to the non-public issuance have been reviewed and approved by the 2020 shareholders’meeting.
The Company disclosed, respectively on June 3, 2021 and June 17, 2021, the Announcement on the Acceptance ofthe Non-public Issuance Application by the CSRC and the Announcement on Receiving the First Feedback Given by theCSRC on the Review of Administrative Permits (Announcement number: 2021-073, 2021-078).
On July 5, 2021, the Proposal on Adjusting the Company’s Plan for the Non-public Issuance of Shares in 2021 andother proposals related to the issuance were reviewed and approved at the Company’s 19
th session of the 7
thboard ofdirectors and the 12
th
session of the 7
thboard of supervisors. As adjusted, the company planned to issue no more than288,624,700 non-public shares, and the total amount of funds raised will not exceed RMB 5.1 billion (inclusive). The targetcompany of this non-public issuance is China Mobile Capital Holdings Co., Ltd., which is the wholly-owned subsidiary ofChina Mobile Communications Group Co., Ltd. On the same day, the Company disclosed the Reply of Zhejiang DahuaTechnology Co., Ltd. to the Feedback on the Application for the Non-public Issuance of Shares.
On November 30, 2021, the Proposal on Adjusting the Company’s Plan for the Non-public Issuance of Shares in2021 and other proposals related to the issuance were reviewed and approved at the Company’s 23
rd session of the 7
th
board of directors and the 16
th
session of the 7
thboard of supervisors. The target company of this non-public issuance waschanged from China Mobile Capital Holding Co., Ltd. to its parent company China Mobile Communications Group Co.,Ltd.
On April 18, 2022, the application for this non-public issuance was approved by the Issuance Review Committee ofCSRC. Up to now, the Company has not received the written approval from the CSRC with respect to the non-publicissuance. The announcements above have been disclosed through the designated media Securities Times and JuchaoInformation Network (http://www.cninfo.com.cn).
IV. Quarterly Financial Statements(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by: Zhejiang Dahua Technology Co., Ltd.
March 31, 2022
Unit: RMB
| Item | Closing Balance | Balance at the Beginning of the Year |
| Current Assets: | ||
| Cash and Bank Balances | 7,114,213,174.37 | 7,731,002,784.77 |
| Deposit Reservation for Balance | ||
| Loans to Banks and Other Financial Institutions | ||
| Trading Financial Assets | 1,470,000.00 | 2,602,173.53 |
| Derivative Financial Assets | ||
| Notes Receivable | 841,568,346.78 | 839,861,562.35 |
| Accounts Receivable | 13,954,856,127.01 | 14,654,490,643.49 |
| Receivables Financing | 722,233,379.23 | 792,709,781.57 |
| Prepayments | 174,531,107.18 | 171,034,046.65 |
| Premium Receivable | ||
| Reinsurance Accounts Receivable | ||
| Reinsurance Contract Reserves Receivable | ||
| Other Receivables | 570,832,131.78 | 546,477,779.16 |
| Including: Interest Receivable | ||
| Dividends Receivable | 7,742,259.20 | |
| Buying Back the Sale of Financial Assets | ||
| Inventory | 6,828,962,941.83 | 6,810,041,288.82 |
| Contract Assets | 172,024,626.82 | 163,432,100.37 |
| Holding for-sale Assets | ||
| Non-current Assets Due within 1 Year | 556,848,937.38 | 602,567,293.78 |
| Other Current Assets | 689,066,897.28 | 1,190,585,874.34 |
| Subtotal of Current Assets | 31,626,607,669.66 | 33,504,805,328.83 |
| Non-current Assets: | ||
| Granting of Loans and Advances | ||
| Investment in Creditor's Rights | ||
| Investment in Other Creditor's Rights | ||
| Long-term Receivables | 1,794,732,742.56 | 1,891,368,121.39 |
| Long-term Equity Investment | 1,169,098,408.53 | 1,243,872,752.91 |
| Investment in Other Equity Instruments | ||
| Other Non-current Financial Assets | 874,265,619.49 | 945,619,965.97 |
| Investment Property | 304,181,103.41 | 311,065,023.43 |
| Fixed Assets | 2,150,045,159.95 | 2,187,435,714.17 |
| Projects under Construction | 2,263,951,816.07 | 1,992,834,055.03 |
| Productive Biological Assets | ||
| Oil and Gas Assets | ||
| Right-of-use Assets | 256,557,059.44 | 248,577,371.97 |
| Intangible Assets | 580,033,689.64 | 584,129,741.43 |
| Development Expenditure | ||
| Goodwill | 42,685,490.30 | 42,685,490.30 |
| Long-term Deferred Expenses | 46,457,081.61 | 45,876,764.73 |
| Deferred Income Tax Assets | 1,016,090,673.13 | 960,374,829.82 |
| Other Non-current Assets | 98,609,839.64 | 97,226,861.99 |
| Subtotal of Non-current Assets | 10,596,708,683.77 | 10,551,066,693.14 |
| Total Assets | 42,223,316,353.43 | 44,055,872,021.97 |
| Current Liabilities: | ||
| Short-term Loan | 1,283,126,084.13 | 325,648,230.98 |
| Borrowings from the Central Bank |
| Borrowings from Banks and Other Financial Institutions | ||
| Transactional Financial Liabilities | 970,631.82 | |
| Derivative Financial Liabilities | ||
| Notes Payable | 3,761,587,635.35 | 4,472,998,965.03 |
| Accounts Payable | 5,755,383,071.25 | 7,329,740,650.71 |
| Received Prepayments | ||
| Contract Liabilities | 862,224,062.71 | 864,989,993.78 |
| Financial Assets Sold for Repurchase | ||
| Deposit Taking and Interbank Deposit | ||
| Receiving from Vicariously Traded Securities | ||
| Receiving from Vicariously Sold Securities | ||
| Payroll Payable | 664,507,054.26 | 1,964,503,166.13 |
| Tax Payable | 432,239,222.55 | 677,076,594.01 |
| Other Payables | 669,347,376.00 | 677,752,701.47 |
| Including: Interest Payable | ||
| Dividends Payable | 16,060,762.89 | 16,060,762.89 |
| Service Charge and Commission Payable | ||
| Reinsurance Accounts Payable | ||
| Holding for-sale Liabilities | ||
| Non-current Liabilities Due within 1 Year | 1,432,600,581.93 | 890,848,742.47 |
| Other Current Liabilities | 181,398,868.45 | 208,631,381.45 |
| Subtotal of Current Liabilities | 15,043,384,588.45 | 17,412,190,426.03 |
| Non-current Liabilities: | ||
| Insurance Contract Reserves | ||
| Long-term Loan | 1,892,500,000.00 | 1,552,500,000.00 |
| Bonds Payable | ||
| Including: Preferred Stocks | ||
| Perpetual Bonds | ||
| Lease Liabilities | 144,069,960.96 | 140,606,139.33 |
| Long-term Payables | ||
| Long-term payroll payable | ||
| Expected Liabilities | 257,237,470.07 | 297,851,786.62 |
| Deferred Income | 101,811,615.23 | 103,218,676.13 |
| Deferred Income Tax Liabilities | 48,218,415.76 | 61,778,504.44 |
| Other Non-current Liabilities | 268,949,421.54 | 317,381,981.28 |
| Subtotal of Non-current Liabilities | 2,712,786,883.56 | 2,473,337,087.80 |
| Total Liabilities | 17,756,171,472.01 | 19,885,527,513.83 |
| Shareholders' Equity: | ||
| Share Capital | 2,994,550,730.00 | 2,994,550,730.00 |
| Other Equity Instruments | ||
| Including: Preferred Stocks | ||
| Perpetual Bonds | ||
| Capital Reserves | 2,948,467,564.72 | 2,939,512,235.75 |
| Less: Treasury Share | 277,169,524.09 | 277,169,524.09 |
| Other Comprehensive Incomes | 87,215,171.74 | 76,005,792.49 |
| Special Reserves |
| Surplus Reserves | 1,553,691,005.92 | 1,553,691,005.92 |
| General Risk Reserves | ||
| Undistributed Profits | 16,686,586,850.19 | 16,331,012,273.48 |
| Total Shareholders' Equity Attributable to the Parent Company | 23,993,341,798.48 | 23,617,602,513.55 |
| Minority Shareholders' Equity | 473,803,082.94 | 552,741,994.59 |
| Total Shareholders' Equity | 24,467,144,881.42 | 24,170,344,508.14 |
| Total Liabilities and Shareholders' Equity | 42,223,316,353.43 | 44,055,872,021.97 |
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accountinginstitution: Zhu Zhuling
2. Consolidated Income Statement
Unit: RMB
| Item | Amount Occurred in the Current Period | Amount Occurred in the Previous Period |
| I. Total Operating Revenue | 5,847,968,885.65 | 5,114,399,101.72 |
| Including: Operating Revenue | 5,847,968,885.65 | 5,114,399,101.72 |
| Interest Income | ||
| Earned Premiums | ||
| Service Charge and Commission Income | ||
| II. Total Operating Cost | 5,550,713,608.95 | 4,770,751,992.98 |
| Including: Operating Cost | 3,565,578,176.53 | 3,022,354,395.09 |
| Interest Expenditures | ||
| Service Charge and Commission Expenses | ||
| Surrender Value | ||
| Net Claims Paid | ||
| The Net Amount Withdrawn for Insurance Liability Reserves | ||
| Policyholder Dividend Expense | ||
| Reinsurance Cost | ||
| Taxes and Surcharges | 30,080,947.54 | 45,259,450.42 |
| Sales Expenses | 932,207,142.40 | 884,332,162.54 |
| Administration expenses | 203,262,314.28 | 186,886,265.44 |
| Research and development expense | 738,282,884.68 | 605,759,333.31 |
| Financial Expenses | 81,302,143.52 | 26,160,386.18 |
| Including: interest expenses | 30,840,382.07 | 16,480,279.65 |
| Interest Income | 47,897,325.35 | 57,860,554.10 |
| Add: Other income | 253,117,253.47 | 159,998,097.67 |
| Investment Income (Mark "-" for Loss) | -59,262,259.80 | -74,602,834.57 |
| Including: Investment Income from Affiliates and Joint Ventures | -72,730,282.72 | -89,233,951.37 |
| Profits from recognition Termination of Financial Assets at Amortized Cost | ||
| Exchange Gains (Mark "-" for Losses) | ||
| Profit of Net Exposure Hedging (Mark "-" for Loss) |
| Incomes from changes in fair value (losses marked with "-") | -73,328,943.33 | 9,990,151.49 |
| Credit Impairment Losses (Mark "-" for Loss) | -69,177,503.05 | -19,450,426.80 |
| Asset Impairment Losses (Mark "-" for Loss) | -13,355,268.05 | -4,764,740.17 |
| Asset Disposal Income (Mark "-" for Loss) | 49,193.70 | 846,368.96 |
| III. Operating Profit (Mark "-" for Loss) | 335,297,749.64 | 415,663,725.32 |
| Add: Non-operating Revenues | 2,811,733.82 | 3,038,549.12 |
| Less: Non-operating Expenses | 1,627,282.23 | 1,862,924.19 |
| IV. Total Profit (Mark "-" for Total Loss) | 336,482,201.23 | 416,839,350.25 |
| Less: Income Tax Expense | -7,775,898.37 | 57,238,292.05 |
| V. Net Profit (Mark "-" for Net Loss) | 344,258,099.60 | 359,601,058.20 |
| (I) Classified by Operation Continuity | ||
| 1. Net Profit as a Going Concern (Mark "-" for Net Loss) | 344,258,099.60 | 359,601,058.20 |
| 2. Net Profit of Discontinued Operation (Mark "-" for Net Loss) | ||
| (II) Classified by the Attribution of Ownership | ||
| 1. Net Profit Attributable to the Parent Company's Owner | 355,574,576.71 | 347,573,484.46 |
| 2. Minority Shareholders' Profit and Loss | -11,316,477.11 | 12,027,573.74 |
| VI. Net Amount of Other Comprehensive Incomes after Tax | 11,063,697.89 | 12,073,722.72 |
| Net Amount of Other Comprehensive Incomes after Tax Attributable to the Parent Company's Owner | 11,209,379.25 | 12,073,650.75 |
| (1) Other Comprehensive Income that Cannot Be Reclassified as P/L | ||
| 1. Re-measure the Variation of the Defined Benefit Plan | ||
| 2. Other Comprehensive Income that Cannot Be Transferred to P/L under the Equity Method | ||
| 3. Changes in the fair Value of Investment in Other Equity Instruments | ||
| 4. Changes in the Fair Value of the Credit Risk of the Enterprise | ||
| 5. Others | ||
| (II) Other Comprehensive Income that will be Reclassified as P/L | 11,209,379.25 | 12,073,650.75 |
| 1. Other Comprehensive Income that Can Be Transferred to P/L under the Equity Method | ||
| 2. Changes in the Fair Value of Investment in Other Creditor's Rights | ||
| 3. Financial Assets Reclassified into Other Comprehensive Income | ||
| 4. Provisions for the Credit Impairment of Investment in Other Creditor's Rights | ||
| 5. Cash Flow Hedge reserves | ||
| 6. Currency Translation Difference | 11,209,379.25 | 12,538,226.45 |
| 7. Others | -464,575.70 | |
| Net Amount of Other Comprehensive Incomes after Tax Attributable to Minority Shareholders | -145,681.36 | 71.97 |
| VII. Total Comprehensive Income | 355,321,797.49 | 371,674,780.92 |
| Total Comprehensive Income Attributable to the | 366,783,955.96 | 359,647,135.21 |
| Parent Company's Owner | ||
| Total Comprehensive Income Attributable to Minority Shareholders | -11,462,158.47 | 12,027,645.71 |
| VIII. Earnings per Share: | ||
| (I) Basic Earnings per Share | 0.12 | 0.12 |
| (II) Diluted Earnings per Share | 0.12 | 0.12 |
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accountinginstitution: Zhu Zhuling
3. Consolidated Cash Flow Statement
Unit: RMB
| Item | Amount Occurred in the Current Period | Amount Occurred in the Previous Period |
| I. Cash Flow Generated by Operational Activities: | ||
| Cash from Sales of Merchandise and Provision of Services | 7,242,389,294.67 | 6,696,184,907.84 |
| Net Increase in Customer's Bank Deposits and Interbank Deposits | ||
| Net Increase in Borrowings from the Central Bank | ||
| Net Increase in Borrowings from Other Financial Institutions | ||
| Cash Arising from Receiving Premiums for the Original Insurance Contract | ||
| Net Amount Arising from Reinsurance Business | ||
| Net Increase in Deposits and Investments from Policyholders | ||
| Cash Arising from Interests, Service Charges and Commissions | ||
| Net Increase in Borrowings from Banks and Other Financial Institutions | ||
| Net Increase in Repurchase Business Funds | ||
| Net Amount of Cash Received from the Vicariously Traded Securities | ||
| Tax Refund | 317,364,603.31 | 538,055,790.42 |
| Other Received Cashes Related to Operational Activities | 324,680,606.69 | 54,578,627.89 |
| Subtotal of Cash Inflow from Operational Activities | 7,884,434,504.67 | 7,288,819,326.15 |
| Cash Paid for Merchandise and Services | 6,603,211,625.27 | 5,193,565,946.56 |
| Net Increase in Loans and Advances to Customers | ||
| Net Increase in Deposits with Central Bank and Other Financial Institutions | ||
| Cash Paid for Original Insurance Contract Claims | ||
| Net Increase of Funds Lent | ||
| Cash Paid for Interests, Service Charges and Commissions | ||
| Cash Paid for Policy Dividends | ||
| Cash Paid to and for Employees | 2,667,673,628.12 | 2,392,888,197.29 |
| Cash Paid for Taxes and Surcharges | 614,940,360.60 | 562,650,190.08 |
| Other Paid Cashes Related to Operational | 471,710,741.32 | 467,285,248.62 |
| Activities | ||
| Subtotal of Cash Outflow from Operational Activities | 10,357,536,355.31 | 8,616,389,582.55 |
| Net Cash Flow Generated by Operating Activities | -2,473,101,850.64 | -1,327,570,256.40 |
| II. Cash Flow from Investment Activities: | ||
| Cash Arising from Disposal of Investments | 911,736,781.89 | 290,456,497.18 |
| Cash Arising from Investment Incomes | 3,311,145.38 | 11,560,064.44 |
| Net Cash Arising from Disposal of Fixed Assets, Intangible Assets and Other Long-term Assets | 439,146.60 | 565,031.37 |
| Net Cash Arising from Disposal of Subsidiaries and Other Business Units | ||
| Other Received Cashes Related to Investment Activities | 11,334,113.05 | 18,821,667.60 |
| Subtotal of Cash Inflow from Investment Activities | 926,821,186.92 | 321,403,260.59 |
| Cash Paid for Purchase and Construction of Fixed Assets, Intangible Assets and Other Long-term Assets | 319,786,267.86 | 297,175,969.38 |
| Cash Paid for Investments | 382,163,000.00 | 1,296,000,000.00 |
| Net Increase in Pledge Loans | ||
| Net Cash Paid for Acquisition of Subsidiaries and Other Business Units | ||
| Other Paid Cashes Related to Investment Activities | 462,782.90 | 4,604,399.75 |
| Subtotal of Cash Outflows from Investment Activities | 702,412,050.76 | 1,597,780,369.13 |
| Net Amount of Cash Flow Generated by Investment Activities | 224,409,136.16 | -1,276,377,108.54 |
| III. Cash Flow from Financing Activities: | ||
| Cash Arising from Absorbing Investments | 50,000.00 | |
| Including: Cash Arising from Subsidiaries Absorbing Investments by Minority Shareholders | 50,000.00 | |
| Cash Arising from Borrowings | 2,133,946,000.00 | 1,729,079,926.55 |
| Other Received Cashes Related to Financing Activities | ||
| Subtotal of Cash Inflow from Financing Activities | 2,133,996,000.00 | 1,729,079,926.55 |
| Cash Paid for Debts Repayment | 339,666,000.00 | 250,000,000.00 |
| Cash Paid for Distribution of Dividends and Profits or Payment of Interests | 22,954,779.00 | 12,204,555.53 |
| Including: Dividends and Profits Paid to Minority Shareholders by Subsidiaries | ||
| Other Paid Cashes Related to Financing Activities | 111,159,788.56 | 27,392,770.30 |
| Subtotal of Cash Outflow from Financing Activities | 473,780,567.56 | 289,597,325.83 |
| Net Cash Flow Generated by Financing Activities | 1,660,215,432.44 | 1,439,482,600.72 |
| IV. Impact of Fluctuation in Exchange Rate on Cash and Cash Equivalents | -21,562,273.59 | -22,308,563.47 |
| V. Net Increase in Cash and Cash Equivalents | -610,039,555.63 | -1,186,773,327.69 |
| Add: Cash and Cash Equivalents at the Commencement of the Period | 7,617,576,852.32 | 7,358,452,769.53 |
| VI. Cash and Cash Equivalents at the End of the Period | 7,007,537,296.69 | 6,171,679,441.84 |
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting institution: Zhu Zhuling
(II) Audit Report
Has the first quarter report been audited
□ Yes √ No
The report for the first quarter has not been audited.
Board of Directors of Zhejiang Dahua Technology Co., Ltd.
April 23, 2022
This document is a translated version of the Chinese version of Report for the First Quarter of 2022 (“2022年第一季度报告”), and the published Report for the First Quarter of 2022 in the Chinese version shall prevail.The complete published Chinese Report for the First Quarter of 2022 may be obtained at http://www.cninfo.com.cn.