StockCode:600570StockAbbreviation:HundsunTechnologies
HundsunTechnologiesInc.
2021AnnualReport
ImportantNoticeI.TheBoardandtheSupervisoryBoardoftheCompanyandtheDirectors,SupervisorsandmembersoftheSeniorManagementwarrantthetruthfulness,accuracyandcompletenessofthecontentsinthisAnnualReportandconfirmthattherearenomisrepresentationsormisleadingstatementscontainedinormaterialomissionsfromthisAnnualReport,andacceptseveralandjointlegalresponsibilities.II.AllDirectorsattendedtheboardmeetingoftheCompanytoconsiderandapprovetheannualresults.III.Pan-ChinaCertifiedPublicAccountantsLLPhasissuedastandardunqualifiedauditor’sreport
fortheCompany.IV.PengZhenggang,chairmanoftheCompany,andYaoManying,FinancialControllerandHead
oftheFinanceDepartment(personinchargeofaccounting),warrantthetruthfulness,accuracy
andcompletenessofthefinancialstatementscontainedherein.V.ProfitdistributionplanorcapitalreservessharecapitalizationplanduringtheReportingPeriod
upondeliberationattheboardmeeting
HundsunTechnologiesInc.(hereinafterreferredtoas"theCompany",fortheparentcompany,thesameasbelow)realizedatotalnetprofitofRMB1,379,884,502.16(inRMB,thesameasbelow)in2021.AccordingtotheCompanyLaw,theArticlesofAssociationoftheCompanyandtherelevantguidelinesoftheChinaSecuritiesRegulatoryCommissionandtheShanghaiStockExchange,10%ofthestatutoryreservefundshallbewithdrawnfirst,plustheprofitcarry-overfromthepreviousyear.Accordingtotheactualsituation,theCompanyplanstoimplementtheprofitdistributionplaninthefollowingorder:
1.TheCompanywillwithdraw10%ofthestatutoryreservefundofRMB137,988,450.2first.
2.Basedon1,461,144,040shares,beingtheCompany’stotalsharecapitalof1,461,560,480shares
(asofMarch29,2022,thesamebelow)less416,440sharesintheCompany’sspecialrepurchaseaccount,acashdividendofRMB1.00(taxinclusive)per10shareswillbepaidtoallshareholders,totalingRMB146,114,404.
3.Basedon1,461,144,040shares,beingtheCompany’stotalsharecapitalof1,461,560,480shares
less416,440sharesintheCompany’sspecialrepurchaseaccount,3bonusshareswillbedistributedtoallshareholdersforevery10shares,totaling438,343,212bonusshares.
4.Theremainingdistributableprofitswillbecarriedforwardtothenextyear.TheaboveprofitdistributionplanshallbesubmittedfordeliberationandapprovalatthegeneralmeetingoftheCompanybeforeimplementation.Afterimplementation,theCompany'stotalsharecapitalwillbe1,899,903,692shares.
If,duringtheperiodbetweenthedisclosureofthisprofitdistributionplanandtherecorddatefordividenddistribution,theCompany'ssharecapitalinvolvedintheprofitdistributionchangesduetorelevantmatters,theCompanyplanstomaintainthesameproportionofprofitdistributionpershare,adjustthetotalamountofdistributionaccordingly,andannouncethedetailsaboutadjustmentseparately.VI.Disclaimerofforward-lookingstatements
√Applicable□NotApplicableTheCompany'sfuturestrategiesandplanscontainedhereindonotconstitutesubstantivecommitmentstoinvestorsbytheCompany.Investorsandstakeholdersshouldbeadequatelyawareofriskshereinandunderstandthedifferencesamongplans,forecastsandcommitments.VII.WhethertheControllingShareholderoftheCompanyoritsassociateshasmisappropriatedthe
Company’sfundsforpurposesotherthanforbusiness?NVIII.WhethertheCompanyhasprovidedexternalguaranteesinviolationofanyprescribeddecision-makingprocedures?NIX.WhethermorethanhalfoftheDirectorsfailtowarrantthetruthfulness,accuracyand
completenessofthecontentscontainedintheannualreportdisclosedbytheCompany?NX.Reminderofimportantrisks
None.TheCompanyhasdescribedthepotentialrisksindetailherein.Pleasereferto"(IV)Potentialrisks"of"VI.DiscussionandanalysisofthefuturedevelopmentoftheCompany"in"SectionIIIManagementDiscussionandAnalysis"fordetails.XI.Others
□Applicable√Notapplicable
Note:
ThisdocumentisatranslatedversionoftheChineseversion2021AnnualReport(“2021年年度报告”),andthepublishedannouncementsintheChineseversionshallprevail.ThecompletepublishedChinese2021AnnualReportmaybeobtainedatwww.sse.com.cn/
Contents
SectionIDefinitions ...... 5
SectionIICompanyProfileandKeyFinancialIndicators ...... 6
SectionIIIManagementDiscussionandAnalysis ...... 9
SectionIVCorporateGovernance ...... 37
SectionVEnvironmentalandSocialResponsibility ...... 54
SectionVISignificantEvents ...... 55
SectionVIIChangesinSharesandParticularsofShareholders ...... 64
SectionVIIIPreferredShares ...... 71
SectionIXCorporateBonds ...... 72
SectionXFinancialReport ...... 73
| DocumentsforInspection | I.AccountingstatementssignedandsealedbytheChairman,FinancialController,andHeadoftheFinanceDepartment(personinchargeofaccounting)oftheCompany |
| II.TheoriginalAuditor’sReportsealedbyPan-ChinaCertifiedPublicAccountantsLLPandsealedandsignedbyPan-China'sCPAs | |
| III.OriginalsofalldocumentsandannouncementsoftheCompanypubliclydisclosedinthenewspaperdesignatedbyCSRCduringtheReportingPeriod |
SectionIDefinitionsI.DefinitionsUnlessthecontextotherwiserequires,thefollowingtermsshallhavethefollowingmeaningsinthisreport:
| Definitionsoffrequently-usedterms | |
| Hundsun,HundsunTechnologiesortheCompany | HundsunTechnologiesInc. |
| HandsomeGroup | HangzhouHandsomeElectronicsGroupCo.,Ltd. |
| REITs | RealEstateInvestmentTrusts |
| WealthManagementConnect | anarrangementunderwhichindividualresidentsintheGuangdong-HongKong-MacaoGreaterBayAreacarryoutcross-boundaryinvestmentinwealthmanagementproductsdistributedbybanksintheGreaterBayArea |
| POSIFinvestmentadviser | InvestmentAdviserofPubliclyOfferedSecuritiesInvestmentFunds |
| FICCservices | FixedIncome,CurrenciesandCommoditiesservices,includingunderlyingassetssuchasfixedincomesecurities,currenciesandcommodities,aswellasderivativesunderlyingthoseassets. |
| TAsystem | TransferAgent,Hundsun’sfundregistrationandtransfersystemsoftware,usedforinvestoraccountmanagementandassetmanagementintheassetmanagementindustry,includingfunds,securities,insurance,futures,andprivateequity |
| FinTech | FinTechmainlyreferstothelow-thresholdfinancialservicesprovidedbyInternetcompaniesorhigh-techcompaniesthroughcloudcomputing,bigdata,mobileInternet,andotheremergingtechnologies. |
| O45 | theCompany’sinvestmenttradingsystem,ofwhichOreferstoOracleversionand45referstoversion4.5 |
| UF3.0 | CoreBusinessOperationPlatformSystemVersion3.0 |
| Lighttechnologyplatform | LIGHT,afinancialdigitalinfrastructureindependentlydevelopedbyHundsunandanewgenerationofITapplicationinnovationinfrastructure,whichiscommittedtohelpingcustomerswinbusinesssuccessandbuildcapabilitiesleadingtothefuturethroughtechnicalcapabilities |
| CESI | ChinaElectronicsStandardizationInstitute |
| NLP | NaturalLanguageProcessing,asubjectthatstudiesthelanguageinhuman-computerinteraction |
| AI | ArtificialIntelligence,abbreviatedasAI |
| Finastra | aglobalcompanybasedintheUKwithabroadrangeoffinancialsoftwareproductsandservices,providingfinancialtechnologyservicestofinancialinstitutionsofallsizesworldwide. |
| LTC | amanagementprocessthatcontinuouslyoptimizescustomer-focusedoperationsandmanagementtoimproveoveralloperationtargets |
| IPD | asetofproductandR&Dmanagementsystem,whichexaminestheideaandframeworkofproductandR&Dmanagementfromtheperspectiveofproductinvestmentanddevelopment |
| "Threeresponsibilities"system | Inordertoprovidecustomerswithabetterandmoreprofessionalserviceexperience,threetypesofresponsiblepersonsareassignedaccordingtobusinessprocessesandspecializationofworkforcustomerinterfaces,namelyAccountresponsible(AR),Solutionsresponsible(SR),andFulfillmentresponsible(FR). |
| "Triumvirate"system | thethreemostimportantpositionsinproductR&Dmanagement,i.e.,productmanager,systemarchitect,andR&Dprojectmanager |
| DSTEstrategicplanningprocess | DevelopStrategyToExecution |
| CRM | CustomerRelationshipManagement |
| PBsystem | PrimeBrokerageSystem |
| BPO | BusinessProcessOutsourcing |
| SaaS | Software-as-a-Service,i.e.,providingsoftwareservicesoverthenetwork |
| AMS | AssetManagementSystem |
| RPA | RoboticProcessAutomation |
| AIOps | ArtificialIntelligenceforITOperations |
| EAAS | EverythingAsAService,aservicestrategyoftheCompany |
SectionIICompanyProfileandKeyFinancialIndicatorsI.COMPANYINFORMATION
| ChinesenameoftheCompany | 恒生电子股份有限公司 |
| Chineseabbreviation | 恒生电子 |
| EnglishnameoftheCompany | HundsunTechnologiesInc. |
| Englishabbreviation | Hundsun |
| LegalrepresentativeoftheCompany | PengZhenggang |
II.CONTACTINFORMATION
| SecretaryoftheBoard | RepresentativeofSecuritiesAffairs | |
| Name | TuHaiyan | GuNing |
| Correspondenceaddress | HundsunTower,No.3588JiangnanAvenue,BinjiangDistrict,Hangzhou | HundsunTower,No.3588JiangnanAvenue,BinjiangDistrict,Hangzhou |
| Tel. | 0571-28829702 | 0571-28829702 |
| Fax | 0571-28829703 | 0571-28829703 |
| investor@hundsun.com | investor@hundsun.com |
III.BASICINFORMATION
| Registeredaddress | HundsunTower,No.3588JiangnanAvenue,BinjiangDistrict,Hangzhou |
| Historicalchangestotheregisteredaddress | None |
| Principalplaceofbusiness | HundsunTower,No.3588JiangnanAvenue,BinjiangDistrict,Hangzhou |
| Postalcodeofprincipalplaceofbusiness | 310053 |
| WebsiteoftheCompany | www.hundsun.com |
| investor@hundsun.com |
IV.INFORMATIONDISCLOSUREANDPLACEFORINSPECTION
| NewspapersselectedbytheCompanyforinformationdisclosure | ChinaSecuritiesJournal,ShanghaiSecuritiesNews,SecuritiesTimes,andSecuritiesDaily |
| WebsitedesignatedbytheShanghaiStockExchangeforpublishingtheannualreport | www.sse.com.cn |
| PlaceforinspectionofannualreportsoftheCompany | HundsunTower,No.3588JiangnanAvenue,BinjiangDistrict,Hangzhou |
V.BASICINFORMATIONOFTHECOMPANY’SSHARES
| BasicInformationoftheCompany’sShares | ||||
| Classofshares | Stockexchange | Stockabbreviation | Stockcode | Stockabbreviationbeforechange |
| Ashares | ShanghaiStockExchange | HundsunTechnologies | 600570 | None |
VI.OTHERRELEVANTINFORMATION
| Accountingfirm(domestic)engagedbytheCompany | Name | Pan-ChinaCertifiedPublicAccountantsLLP |
| Officeaddress | Hangzhou,thePRC | |
| Namesofsigningaccountants | ChenCaiqinandFeiJun |
VII.KEYACCOUNTINGDATAANDFINANCIALINDICATORSFORTHEPASTTHREE
YEARS(I)Keyaccountingdata
Unit:YuanCurrency:RMB
| Keyaccountingdata | 2021 | 2020 | Increaseordecreasefortheperiodoverthesameperiodofthepreviousyear(%) | 2019 |
| Revenue | 5,496,578,624.88 | 4,172,645,156.56 | 31.73 | 3,871,840,010.31 |
| NetprofitattributabletoshareholdersoftheCompany | 1,463,538,930.14 | 1,321,735,522.48 | 10.73 | 1,415,848,641.24 |
| NetprofitattributabletoshareholdersoftheCompanynetofnon-recurringprofitorloss | 946,569,672.55 | 733,590,924.61 | 29.03 | 889,871,300.91 |
| Netcashflowsfromoperatingactivities | 956,789,306.14 | 1,397,902,270.41 | -31.56 | 1,070,787,954.28 |
| Attheendof2021 | Attheendof2020 | Increaseordecreaseattheendoftheperiodascomparedtothatofthesameperiodofthepreviousyear(%) | Attheendof2019 | |
| NetassetsattributabletoshareholdersoftheCompany | 5,695,031,051.05 | 4,554,029,323.59 | 25.05 | 4,478,963,385.36 |
| Totalassets | 12,079,908,312.76 | 9,971,144,688.34 | 21.15 | 8,359,497,109.35 |
(II)Keyfinancialindicators
| Keyfinancialindicators | 2021 | 2020 | Increaseordecreasefortheperiodoverthesameperiodofthepreviousyear(%) | 2019 |
| Basicearningspershare(RMB/share) | 1.01 | 0.90 | 12.22 | 0.97 |
| Dilutedearningspershare(RMB/share) | 1.01 | 0.90 | 12.22 | 0.97 |
| Basicearningspersharenetofnon-recurringprofitandloss(RMB/share) | 0.65 | 0.50 | 30.00 | 0.61 |
| WeightedaverageROE(%) | 30.11 | 31.57 | -1.46 | 37.16 |
| WeightedmeanROEnetofnon-recurringprofitorloss(%) | 19.47 | 17.52 | 1.95 | 23.35 |
ExplanationonthekeyaccountingdataandfinancialindicatorsoftheCompanyforthepastthreeyearsbeforetheendoftheReportingPeriod
□Applicable√NotApplicableVIII.ACCOUNTINGDATADIFFERENCESBETWEENTHEPRCGAAPSTANDARDSAND
FOREIGNACCOUNTINGSTANDARDS(I)DifferencearisingfromthenetprofitandnetassetsattributabletoshareholdersoftheCompanyinthefinancialstatementsdisclosedsimultaneouslypursuanttotheInternationalAccountingStandardsandthePRCGAAPStandards
□Applicable√NotApplicable
(II)DifferencearisingfromthenetprofitandnetassetsattributabletoshareholdersoftheCompanyinthefinancialstatementsdisclosedsimultaneouslypursuanttotheforeignaccountingstandardsandthePRCGAAPStandards
□Applicable√NotApplicable(III)Explanationonthedifferencebetweendomesticandforeignaccountingstandards
□Applicable√NotApplicableIX.KEYFINANCIALDATAOF2021BYQUARTER
Unit:YuanCurrency:RMB
| Q1(JanuarytoMarch) | Q2(ApriltoJune) | Q3(JulytoSeptember) | Q4(OctobertoDecember) | |
| Revenue | 751,184,334.01 | 1,300,966,351.64 | 1,068,727,516.27 | 2,375,700,422.96 |
| NetprofitattributabletoshareholdersoftheCompany | 168,625,222.28 | 546,464,316.71 | -31,254,513.82 | 779,703,904.97 |
| NetprofitattributabletoshareholdersoftheCompanynetofnon-recurringprofitorloss | 37,621,735.72 | 262,070,634.56 | -25,520,447.04 | 672,397,749.31 |
| Netcashflowsfromoperatingactivities | -832,461,297.53 | 51,193,250.77 | 180,904,157.44 | 1,557,153,195.46 |
Explanationonthedifferencebetweenquarterlyresultsandinformationdisclosedinperiodicreports
□Applicable√NotApplicableX.NON-RECURRINGPROFITSORLOSSESANDAMOUNTS
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Non-recurringprofitsorlosses | Amountfor2021 | Note(ifapplicable) | Amountfor2020 | Amountfor2019 |
| Profitorlossfromdisposalofnon-currentassets | 38,436,050.92 | MainlyrepresentedtheinvestmentincomefromthetransferofsharesofHundSunChangYunandthefairvaluerecognitionoftheremainingsharesofDworldAI | 344,555,568.21 | 62,739,044.33 |
| Governmentgrantsrecognizedinprofitorlossforthecurrentperiod(excludingthosecloselyrelatedtothenormalbusinessoftheCompanyandgrantedunderthenationalpoliciesandcontinuouslyenjoyedaccordingtoacertainquotaofamountorvolume | 57,355,855.21 | Mainlyrepresentedthegovernmentgrantsforspecialprojects | 38,004,499.61 | 43,196,217.04 |
| ProfitorlossfromchangesinthefairvaluegeneratedfromtheCompany'sheld-for-tradingandderivativefinancialassets,andheld-for-tradingandderivativefinancialliabilities,andinvestmentincomefromthedisposalofheld-for-trading | 489,548,525.78 | MainlyrepresentedtheprofitandlossfromthechangesinthefairvaluegeneratedfromtheCompany'sheld-for-tradingfinancialassets,andtheinvestmentincomefromthedisposaloftheheld-for-trading | 244,076,200.23 | 489,108,448.60 |
| Non-recurringprofitsorlosses | Amountfor2021 | Note(ifapplicable) | Amountfor2020 | Amountfor2019 |
| andderivativefinancialassets,held-for-tradingandderivativefinancialliabilities,andotherdebtinvestments,exceptforeffectivehedgingbusinessrelatedtotheCompany'snormalbusiness | financialassets | |||
| Othernon-operatingincomeandexpensesotherthantheabove | -770,038.19 | -2,223,351.85 | 35,336.42 | |
| Otherprofitsorlossesthatbelongtonon-recurringprofitsandlosses | -10,389,612.76 | |||
| Less:Effectonincometax | 56,393,147.86 | 8,719,973.75 | 57,565,685.81 | |
| Effectonminorityinterests(after-tax) | 11,207,988.27 | 17,158,731.82 | 11,536,020.25 | |
| Total | 516,969,257.59 | 588,144,597.87 | 525,977,340.33 |
Explanationondefiningthenon-recurringprofitsandlossessetoutintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingSecuritiestothePublic-Non-RecurringProfitorLossasrecurringprofitsandlosses
□Applicable√NotApplicableXI.ITEMSMEASUREDATFAIRVALUES
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Closingbalance | Changefortheperiod | Effectontheprofitfortheperiod |
| Held-for-tradingfinancialassets | 2,723,350,172.04 | 1,991,523,094.74 | -731,827,077.30 | 82,538,604.83 |
| Otherdebtinvestments | 83,845,382.74 | 65,681,018.23 | -18,164,364.51 | 2,660,128.09 |
| Othernon-currentfinancialassets | 2,229,463,162.16 | 2,981,720,276.86 | 752,257,114.70 | 478,786,243.21 |
| Total | 5,036,658,716.94 | 5,038,924,389.83 | 2,265,672.89 | 563,984,976.13 |
XII.Others
□Applicable√NotApplicable
SectionIIIManagementDiscussionandAnalysis
I.DISCUSSIONANDANALYSISOFBUSINESSOPERATIONS
(I)OveralloperationsIn2021,Chinaremainedagloballeaderinpandemicpreventionandcontrolandineconomicandsocialdevelopmentthroughscientificallyintegratingthesegoals.Digitaltechnologyhasplayedanimportantroleintermsofinformationservices,pandemicdetectionandmaterialsecurityinthebattleagainstCOVID-19.Atthesametime,thepandemichascreatedhugepublicdemandforonlineeducation,homeofficeservices,healthcareandentertainment,makingdigitalizationahottopicinvariousindustries,thefinancialindustryincluded.Whilekeepingabreastofchangesinregulatorypolicyandindustrydevelopmenttrends,theCompanykeenlyseizedrelevantmarketopportunities,changingorupgradingrelatedbusinessservicesonatimelybasis.Throughtheeffortsofallofitsemployees,theCompany
achievedsustainedbusinessandorganizationalgrowth,makinggreatprogressinitsproducts,technology,operationsandmanagement.
DuringtheReportingPeriod,theCompany'srevenueincreasedby31.73%yearonyear,whilenetprofitattributabletoshareholdersincreasedby10.73%yearonyear.Themainreasonforthisincreasewastheincreasedincomefrommainbusiness,undertheinfluenceoffinancialinnovationpolicies,togetherwiththelackofsignificantassetimpairmentlossesrelativetothepreviousyear,duringtheReportingPeriod.
DuringtheReportingPeriod,continuousgrowthwasmaintainedinalloftheCompany'sbusinesses.Intermsofindustries,goodgrowthwasseenintheinsuranceandprivateequitymarkets,whilesecurities,funds,futuresandtrustsmaintainedsteadygrowth.Intermsofproducts,theCompanysmoothlypromoteditsnewgenerationofcoreproducts,suchas045,Valuation6.0&TA,wealthmanagementsalesandinvestmentadvisoryproducts,whichwerepopularwithcustomers.TheCompanyputUF3.0intofull-serviceoperationandcontinuedtomaintainitstechnologicalleadershipviasecuringin-depthcooperationwithanumberofbrokersusingadistributedcloud-nativearchitecture.
IntermsoftheCompany'srevenuesources,bigretailandbigassetmanagementservicesremaineddominant,withproductlinessuchaswealthmiddleplatforms,wealthmanagementsalesandinvestmentadvisoryinbigretailservices,andproductlinessuchasinvestment&transactionmanagement,andvaluation&assetmanagementplatformsinthebigassetmanagementservicesallachievingsignificantgrowth.Intermsofinnovativebusinesses,revenuefromdataservices,dataend-useapplications,datamiddleoffice,andAIforresearchandinvestmentrecordedsatisfactorygrowth.
Inordertobuildadoublefirst-classenterprise,theCompanycontinuedtoimprovecustomersatisfaction,increasethematurityofitsdutymechanismforseniorexecutives,andsignificantlyimproveefficiencyofdelivery,witha9.6%year-on-yeardecreaseinthecontractdeliverycycleperiod.Itcontinuedtoimproveproductquality,comprehensivelyreorganizeditstechnologicalproducts,optimizeditsproductmanagementprinciplesandresourceallocationforkeypositions,andsuccessfullyimplementedan
employeeshareownershipplan.Intermsofvalues,theCompanyhasalwaysadheredtoa“customerfirst”coreconcept,pursuingthegoalofexceedingcustomerexpectations.(II)R&DandtechnologyDuringtheReportingPeriod,Hundsun'scoreproducts,UF3,O45,Valuation6andthenewgenerationofTAallcompletedcloud-nativetechnologicalupgradesandwerealsoofficiallylaunchedtokeycustomers.Intermsoftechnologicalupgrading,theCompanycontinuedtoimprovetheLighttechnologyplatform,makingitmorepowerfulviatheintroductionofnewtechnologiesandthereleaseofaseriesofnewtechnologicalproducts,suchasLightDB,arelationaldatabasesupportinginnovativefinancialITapplicationbusinessscenarios;LightCore,acloud-nativefoundationsupportingcomprehensivecloud-basedbusinesssystems;LightAtom,alow-codedevelopmentplatformsupportingcustomerparticipationincustomizeddevelopment;andLightHSL,across-chainservicemanagementplatformsupportingavarietyofheterogeneousunderlyingchains.ItalsolaunchedtheLightCloudplatform,whichoffersonlineAPIdistribution,anonlinedevelopmentplatformandonlinecommunityservicesprovidingcomprehensiveassistancecustomersintheirdigitaltransformationandupgrading.
TheCompanywasalsoactivelyinvolvedinthedevelopmentofstandardsforemergingtechnologies.Inthefieldofdatabases,theproductteamreleasedawhitepaperondatabasesfortheindustryandwonthetendertodevelopdatabasetestingstandardsforSSE'sITapplicationinnovationbase.Inthehighperformancecomputingfield,theproductteamreleasedanindustryinitiativeonperformancemeasurementstandardsforFPGA-basedtickerproducts.InAI,theCompany’sfinancialknowledgegraphplatformwasawardedapplicationplatformandconstructionplatformproductcertificatesbyCESI.TheNLPTeamreleasedintelligentQ&Aevaluationcriteria.TheIntelligentMultimediaTeamreleasedevaluationcriteriaforintelligentdual-recordingvisualsystems.TheAIBusinessTeambeganformulationofbusinesseventstandards,whichcurrentlyremainsintheprojectapprovalstage.Intheblockchainfield,theteamparticipatedinthedevelopmentoffiveblockchaintechnicalstandards,andwonthreeindustryawards,withrelatedproductspassingMIITCAICT'sevaluationbasedonfivetechnicalindicators.
(III)M&AandInvestment
DuringtheReportingPeriod,theCompanycontinuedtomakeappropriateeffortsconcerninginvestmentandmergersandacquisitions,acquiringHengxinLirongandtherebygainingbusinessandintellectualpropertyrightsfromFinastrarelatedtotheSummitandOpicsfundmanagementsystemsinMainlandChina,HongKongandMacau,andcarryingoutbusinessintegrationwiththesubsidiaryCloudwingNetwork,therebyimprovingitslayoutintheOPICSfundtradingsystemfield.TheCompanycontinuedtopursueitsinternationalizationstrategy,acquiringa23.66%stakeinN2NConnect,aleadingtradingsolutionsproviderinMalaysia,throughthesubsidiaryHundsunHoldingsLimited,toexpanditsbusinessintheSoutheastAsianmarket.TheCompanyfurtherimproveditsAIinvestmentresearchproductlinebyincreasingitsshareholdinginDworldAI.TheCompanycontinuedtoinvestintheFinTechecosystem,includinganumberofleadingtech-basedstartupsinnichemarkets,suchasXSKYandHorizon,throughrelevantmutualfunds,andcooperatedwiththesecompaniesinrelatedbusinessareastoachievewin-wincooperationthroughbusinesssynergy.
(IV)Systemsmanagement
1.Customersatisfactionfirst/qualityfirst
TheCompanycontinueditsadherencetocustomerfirstvalues.Inordertoimprovecustomersatisfactionandproductquality,theCompanyactivelyimplementedLTC,IPDandits"Threeresponsibilities"system,aswellasitsdutymechanismforseniorexecutives,alongwithits"Triumvirate"system,andstrivestoachievehighperformance,highreliabilityandtechnologicalleadershipinproductquality,therebyimprovingproductqualityanddeliveryefficiency.
2.Managementupgrading
TheCompanyconsolidatedtheDSTEstrategicplanningprocesstoenhanceitsstrategicplanningcapability,andreformeditsIPD,enablingthefullfunctioningofprocess-orientedorganization,releasingitsorganizationmanualandotherrelatedsupportingmechanisms.TheCompanyalsoreformeditsLTCtoestablishanLTCprocessstructure,redefineditsbusinessopportunitytypes,establishedandpiloteditssales/deliveryprojectoperationmechanism,anddefinedanddesignedasalesperformancereview,decision-makingandauthorizationmechanismforimproveddecision-makingefficiency.ItupgradeditsHRsystem,reconstructeditsjobpositionsystem,establishedinitialprofessional,expertandmanagementpositionrequirements,completedthefirstroundofjobqualificationauthentication,andimplementeditslong-termincentivespolicy.
3.Organizationalgrowth
TheCompanyincreaseditstalentrecruitmentandfinancialbudgetarycontrolefforts,withanemphasisoninformation,graduallyupgradingandputtingitsinternalHRplatform,operationsandR&Dplatformsonline.TheCompanycontinuedtoworkonbusinessriskmanagement,establishingasoundCOVID-19preventionandresponsemechanismtoprudentlycombatthepandemic.II.INDUSTRYDEVELOPMENTSDURINGTHEREPORTINGPERIOD
1.Financialindustry.TheCompanymainlyservesvariousfinancialinstitutions;thusconditionsincustomers’industryindirectlyaffectitsbusinessactivities.Takingbrokeragesandfunds,theCompany’smaincustomergroups,asexamples,industryassociationdataindicatesthatsecuritiescompanies’totalrevenuein2021wasRMB502.41billion,representingayear-on-yearincreaseofapproximately12.03%,andthattheirnetprofitwasRMB191.119billion,representingayear-on-yearincreaseofapproximately
21.32%:
(Source:SecuritiesAssociationofChina)
Asoftheendof2021,publiclyofferedfundsmanagedbyfundmanagementcompaniestotaledapproximatelyRMB25.56trillion,representingayear-on-yearincreaseofapproximately28.51%;privateequityfundsundermanagementtotaledapproximatelyRMB19.76trillion,representingayear-on-yearincreaseofapproximately16.51%:
(Source:AssetManagementAssociationofChina)
Basedontheperformanceofthesecuritiesandfundindustriesdescribedabove,theoveralldevelopmentofthefinancialindustryin2021wassolid,withfinancialinstitutions’overallrevenueandprofitscontinuingtogrowsteadily,creatingsomepositiveimpactontheCompany’snormaloperations.
2.Financialmarketreformandregulation.In2021,capitalmarketreformscontinuedtoexpandandfurtherimprove.Intermsofinstitutionalreform,theCentralEconomicWorkConferencestressedtheneedtoimplementpilotcomprehensivereformofmarket-basedallocationoffactorsofproductionandfullimplementationofaregistrationsystemforstockissuance.Thefurtheradvancementofthemulti-levelmarketwillprovidemoreimpetustoinnovation-driventransformationforeconomicdevelopment.
Intermsoffinancialinfrastructure,themergeroftheShenzhenStockExchange’smain-boardandsecond-boardmarkethassolvedproblemsrelatingtohomogeneousmarkets.ThestartoftradingattheBeijingStockExchangewasasuccess,anditnowoffersanidealplatformforservinginnovativesmallandmedium-sizedenterprises,resolvingthefinancingdifficultiesofthesespecialized,excellent,uniqueandinnovativeenterprisesinatargetedmanner.
Intermsofinnovativefinancialproducts,thefirstbatchofnineinfrastructurepublicREITswasofficiallylistedandtradedontheShanghaiandShenzhenexchanges,markinganimportantmilestoneinthepilotingprocessofpublicChineseinfrastructureREITs.Sincethen,thepilotingofpublicREITshascontinuedtoaccelerate,andonJuly2,theNationalDevelopmentandReformCommissionissuedtheNoticeonFurtherImprovingthePilotofRealEstateInvestmentTrusts(REITs)intheInfrastructureSector,whichextendedthepilottonationwidescope.Theofficialimplementationof"WealthManagementConnect"intheGuangdong-HongKong-MacaoGreaterBayAreaalsorepresentedinnovationinpersonalinvestmentbusinessandfurtherexpandedoverseasuseoftheRMB,promotingthein-depthdevelopmentofRMBinternationalization.Withthecontinuedinnovationandtransformationofwealthmanagementbusinessmodelsandnewhighsinthescaleofpublicfundmanagement,publicfundinvestmentadvisorybusinessunderwentrapiddevelopment,withatotalof60pilotinstitutionsobtainingapprovalforfundinvestmentadvisorypilots.Atthesametime,theindustry'sbasicsystemwasalsograduallyimproved,and
guidelinesonfundinvestmentadvisorybusinessclarifyingresponsibilitieswithinthatbusiness,wereissuedforconsultation.Astheliberalizationofforeigninvestmentcontinued,approvaltoentertheChinesemarketwasgrantedtowhollyforeign-ownedbrokersandpublicfunds,withmanyadditionalinternationalinvestmentbanksandcapitalmanagementgiantsintheprocessofapplyingfortherelevantlicenses.AlthoughtheirentryintoChina'sfinancialmarketmaychallengelocalfinancialcompaniesintheshortterm,theircorporategovernanceandassessmentmechanismswill,inthelongrun,positivelyinfluencetheoptimizationoflocalChinesefinancialcompanies,promotingabigger,betterandstrongerChinesefundindustry.Intermsoffinancialmarketreformandregulatorymeasures,FinTechprovidessupportforbusinesses’efficientandorderlydevelopment,andalsoplaysapositiveroleintheCompany’sdailyoperations.Intermsoffinancialsecurity,theNDRClaunchedthe"DemonstrationProjectfortheSecureandControllableApplicationofCriticalInformationInfrastructure"in2019,withafocusonactivelyandsteadilypromotingthespecificeffectsofcriticalinformationinfrastructureinnovationinthefinancialsector.In2020,theProposalsoftheCentralCommitteeoftheCommunistPartyofChinaonFormulatingtheFourteenthFive-YearPlanforNationalEconomicandSocialDevelopmentandtheLong-termGoalsfor2035proposedthe"promotionofinfrastructuredevelopmentinanintegratedmanner"andthe"guaranteeingofnationaleconomicsecurity,andstrengtheningofearlywarning,preventionandcontrolmechanisms,withcapacitybuildingtocopewitheconomicsecurityrisks,tomakekeyareassuchasimportantindustries,infrastructure,strategicresourcesandmajorscience&technologysecureandcontrollable",thusstronglypromotingtheITapplicationinnovationstrategy.TheITapplicationinnovationindustryisthetechnologicalfoundationofnationalinformationsecurity.Byend-2021,Hundsunhadevaluatedover30businesssystems(suchasUF3.0,TAsystem,investmenttransactionsystems,fundoperationssystems,andcustodianandvaluationsystems)toevaluatewhethersuchsystemsweresuitableforICTapplication,withover20businesssystemsstillundergoingthisprocess.
3.Landscapeoftechnologicaldevelopmentandindustrialcompetition.Inrecentyears,thedigitaltransformationofthefinancialindustryhascontinuedtoaccelerate,mostespeciallythedata-centrictechnologychangesdrivinginnovationandtransformationinfinancialproductsandservices.Fullyreleasingdata’spotentialwillbethekeydeterminingfactorintheindustry’shigh-qualitydevelopment."Capitalizingondata,utilizingassetsandapplyingintelligence"sumsupHundsun'slogicconcerningtheevolutionofdataintelligence.Toachievethegoalsofdigitally-intelligentcapitalanddigitally-intelligentwealthmanagement,theindustryrequiresenterprise-gradecloud-nativebigdataplatforms,agiledataarchitecture,morediversedata,high-performancedatabases,and,moreimportantly,innovativealternativedataacquiredviadataassetecology.AIismovingrapidlyfromperceptualintelligencetocognitiveintelligenceanddeepintegrationwithfinancialservices,empoweringcapitalmanagement,customerservice,marketing,operations,riskcontrolandmanyotherareas.Intheeraofdigitalintelligence,thechallengeofartificialintelligenceliesintheconvergenceandintegrationoftechnologies,thedeepeningandbroadeningofapplicationscenarios,andtheimplementationandpromotionofengineering.Intermsoftheindustrylandscape,asthedigitaltransformationoffinancialinstitutionsaccelerates,FinTechcompanieshaveincreasedinvestmentandcompetitioninthemarket,leadingtofurther
intensificationofindustrialcompetitioninnichebusinessareas.Financialinstitutions’increasingdemandforcustomer-specificdifferentiatedservicesandautonomouscontrolhasinrecentyearsledtotheirincreasinginvestmentinFinTech.Withitsbusinessexperiencingnewhotspots,suchasdataandintelligencebusiness,FICCbusiness,coreinsurancebusinessandinternationalbusiness,theCompanywillleverageitsstrengthstocontinuegrowthinsuchnewareas.III.BUSINESSDEVELOPMENTDURINGTHEREPORTINGPERIOD
AleadingproviderofFinTechproductsandservicesinChina,andthereforefocusedonthefinancialindustry,theCompanymainlyservescustomersfromsectorsincludingsecurities,futures,publicofferings,trusts,insurance,privateequity,banking,industry,stockexchangesandemergingindustries,providingone-stopFinTechsolutions.Againstthebackgroundoffinancialdigitaltransformationandupgrading,theCompanyhasundergoneagradualdeepeningfromprocessdigitizationtobusinessdigitization,continuouslyexploringtheintelligentapplicationofFinTechusingadvancedtechnologiessuchascloud-native,highperformance,bigdata,artificialintelligenceandblockchaintoempowerfinancialinstitutionstobettermanageassetsandservetheircustomers,andassistitscustomerstorealizefinancialdigitaltransformationandupgrading.Basedontypeofproductorservice,theCompanycategorizesitsprincipalbusinessactivitiesintothefollowingsixbusinesssegments:bigretailIT,bigassetmanagementIT,bankingandindustrialIT,datariskandinfrastructureIT,Internetinnovation,andnon-financial.
?BigRetailITBusinessBigretailITbusinessconsistsmainlyofITbusinesswithsecuritiesbrokeragesandwealthmanagers.ThesecuritiesbrokerageITbusinessmainlyservescustomersfromthebrokeragebusinesssegment,anditsmaincoreproductiscentralizedtradingsystems,mainlyconfiguredtoprovideaccountmanagement,capitalclearingandsettlement,commissionordermanagement,andaccess(interactionwithexchanges,CSDC,etc.)services.ThewealthmanagementITbusinessmainlyservescustomersfromthemarketing,salesandcustomerservicebusinesssegmentsofallkindsofwealthmanagementinstitutions,includingbanks,securitiesfirmsandthirdparties,andvariousassetmanagementinstitutionssuchasfunds,trustsandinsuranceassetmanagers,aswellasbanks’andbrokers’custodyandoutsourcingbusinesssegments.Its
maincoreproductsareregistration&transfer,assetallocation,productmanagement,andwealthmanagementsales&marketingsystems,whicharemainlyconfiguredtoprovideproductregistration&release,wealthplanningproposals,financialproductmanagement,wealthmanagementsalestransactions,investmentadvisorybusinessoperations,customermarketing/serviceandinvestorservices.Inthesecuritiesbrokeragebusiness,theCompanyhasputUF3.0,itsnext-generationcomprehensivesecuritiesfinancialservicesplatform,intofull-serviceoperation,continuouslydevelopedandimplementeditsdistributedcloud-nativearchitectureinITapplicationinnovation,andachievedin-depthcooperationonthisarchitecturewithsevensecuritiesbrokersincludingHuataiSecurities,FounderSecuritiesandIndustrialSecurities.NewbusinesswithBeijingStockExchangeandintegratedaccountoptimizationalsoprovidedretailmanagerswithampleserviceopportunitiesandrevenues.Inwealthmanagement,theCompanyseizedtheopportunityofferedbytherapiddevelopmentofinvestmentadvisorybusinessforpublicofferings,addingover50partnersintheinvestmentadvisorybusinessin2021,withawinningbidratioofapproximately85%forassetallocationsystems,and11newcustomersforitsnext-generationHuiyingmarketingserviceplatform.Intraditionalbusiness,theCompanycontractedwith40newpartnersviathenew-generationTA,38newpartnersviathefinancialsalessystemand21newpartnersthroughtheCRMandcallcenter,alsocooperatingwithCreditSuisseSecuritiesviatheapp.Inthetrustindustry,theCompanycontractedtojointlydevelopintegratedwealthmanagementsolutionswithnewhigh-qualitycustomersincludingHKRInternationalKunlunTrustandChinaRailwayTrust,andtojointlydevelopfamilytrustsolutionswithnewhigh-qualitycustomersincludingCCBTrust,ShandongInternationalTrustandBankofChina.?BigAssetManagementITBusiness
BigassetmanagementITbusinessmainlyconsistsofassetmanagementITbusinessandinstitutionalserviceITbusiness.TheassetmanagementITbusinessmainlyservescustomersfrominvestmentresearch,investmenttrading,riskmanagementandotherrelatedbusinesssegmentsofsecurities,funds,insurance,banks,trustsandotherassetmanagementinstitutions;itsmaincoreproductsareinvestmentdecision-makingsystems,investmenttradingmanagementsystems,valuation&accountingsystems,andassetmanagementoperationsystems,whicharemainlyconfiguredtoassistinstitutionsinbuildingasoundinvestmentresearchprocessandfundmanagersinmakinginvestmentdecisions,toprovideatradingplatformfortradersandtosupporttheoperationofmiddleandback-endplatforms.TheinstitutionalserviceITbusinessmainlyservescustomersfrombrokers‘institutionalbusinesssegment;itsmaincoreproductsareinstitutionalservice-relatedbusinesssystems,whicharemainlyconfiguredtosupportbrokers’provisionoftradingofinvestments,complianceandriskcontrol,low-latencytrading,agencytrading,strategyalgorithms,custodyandoutsourcing,integratedprivateequityoperations,researchservices,individualizedsupportandotherrelatedservicestotheirinstitutionalcustomersathomeandabroad.
In2021,withthecontinuousopening-upoffinancialmarkets,thecontinuousincreaseandimprovementofinfrastructureandcontinuousinnovationinfinancialbusinessinChina,aseriesofpolicies,suchastheapprovalofanewfund-raisingmanagementinstitution,theestablishmentoftheBeijingStockExchange,theinterconnectionofbondmarkets,thelaunchofthenewbondplatformoftheShanghaiandShenzhenStockExchanges,theparticipationofinsurancefundsinsecuritieslending,andchangesinthesettlementmodeofsecuritiesbrokers,weresuccessivelyintroduced,creatingmanymarketopportunities
fortheCompany'sassetmanagementbusinesssegment.Inaddition,Hundsun'snextgenerationsystemalsoachievedphasedresults.Outsidethetrustindustryandbankfinancingsub-industry,theCompanyofficiallylauncheditsassetmanagementproductO45tothefirstcustomerinthefundindustry,cooperatedwithmanycustomersfromsecuritiesfirms,banks,trustsandfundsonValuation6.0,alsolaunchingadditionalproductsatthesametime.
Astheinstitutionalizationofcustomersaccelerates,byintegratingnewbusinesscooperationscenariossuchasincomeswaps,low-latencytradingandalgorithmpolicies,thei2integratedinstitutionalserviceplatformsolutionprovidesstrongsupportforvarioussell-sideinstitutionsoperationofinstitutionalservicebusiness,whileenhancingtheirsingleproductmarketcoverage.Inthefieldofalgorithmictradingespecially,businesseswerelinkedbythecorecomponentPBsystem,Genus-Finance'salgorithmicservicesandCloudbrokerNetwork,formingaserviceecologyforprivateequityandHNWcustomers.?DataRiskandInfrastructureITBusinessThedatariskandinfrastructureITbusinesslinemainlyservescustomersfromtheriskmanagementandcompliancebusinesssegmentsofvariousfinancialinstitutions,localexchanges,etc..Itsmaincoreproductsarecompliancemanagementproducts,whicharemainlyconfiguredtoprovideriskmonitoring,compliancereporting,processmanagement,informationreportingmanagement,andanti-moneylaunderingservices.
ThedatariskandinfrastructureITbusinessexhibitedgenerallysounddevelopmenttrends.①Dataservicesandtraditionalbusinessgrewsolidly,withexpansionanddeepeningofunderlyingdata,andtheapplicationofspecialdatavialinkages.RapidaccumulationandcoverageofmacroindustrydatabaseEDBdata,togetherwithfinancialmanagementdata,speededuptheself-constructionofmodelsforindustrialchainsandfundvaluations,andwithincreasedinvestmentsintheconstructionofpublicopinion,law-breaking,judicialandtrustmodules,thein-depthself-constructionandintegrationofmodelscontinuestoimprove,furtherenhancingtheCompany'sfinancialindustrymarketshare.②Datamiddleplatformbusiness:HDP,theintegrateddataplatformsystem,hassignificantlyimprovedtheefficiencyofdataassetsystemconstruction,andacquired23newfinancialindustrycustomersin2021.Thenumberofcustomersforproductssuchasregulatorydatareporting,riskdatawarehousesandthenewdatacenterincreased,notablyalongsideasignificantincreaseinregulatorydatareportingmarketshare.③Riskcompliancemanagement:productsmaintainedcontinuousgrowthwiththeinfluenceoftheanti-moneylaunderingbusinessfurtherexpanding.④Intermsoffinancialinfrastructure,in2021,theCompanyofficiallyputtheNationalCarbonEmissionRegistrationandTradingSystemithadconstructedintooperationinthenationalcarbonmarket,andwonthebidforconstructionofaNationalVoluntaryGreenhouseGasEmissionReductionTradingSystem,thusestablishingaleadingpositioninthecarbonmarket.Inlocalfinancialsupervision,theCompanyexpandeditsdigitalsupervisionoflocalfinancialbusiness,layingthefoundationforfuturelarge-scalepromotion.⑤Intermsofnewbusinessandnewproducts:(1)theCompanyfurtherimproveditsresearchandinvestmentAIproductlinethroughincreasingitsshareholdinginDworldAI,acquiring12newcustomers;(2)ZhejiangXunchangWendaoNetworkTechnologyCo.,Ltd.,ajointventurewithTianfengSecuritiesCo.,Ltd.,wassetuptooperatenewcontentbusinessessuchaswealthmanagementshortvideoandlivestreaming.
?BankingandIndustrialITBusiness
ThebankingandindustrialITbusiness,consistingmainlyofbankingITbusinesstogetherwithindustrialandsupplychainfinanceITbusiness,mainlyservescustomersfromthecorporatebusinessandtechnologydepartmentsofcommercialbanks,financecompaniesandvariousindustrialcustomers(suchasmediumandlarge-sizedmanufacturers,tradingenterprises,ande-commerceplatforms).Itsmaincoreproductsarecashmanagementplatformsandbillbusinessproducts,mainlyconfiguredtoprovidecashmanagement,enterprisetreasurymanagementandbilltransactionmanagementservices.In2021,thebankingandindustrialITbusinesslinereleasedtheC9businessfinanceproductbrand.Theconfigurationoftechnologyandbusinessmiddleplatformsmainlyservingjoint-stockandurbancommercialbanksbecamemorereasonableandimprovementsinthemiddleplatformstrategycontinued.TheCompanyfurtherenhanceditsfinancialintegrationprogramandincreaseditscooperationwithjoint-stockandmajorurbancommercialbanks,withovertennewlyacquiredcooperativecustomersincreasingitscashmanagementandbillbusinesses,andthematurityofitsindustrialandfinancialintegrationprogramincreasing.?InternetInnovationBusinessandSignificantSubsidiaries
TheInternetinnovationbusinessmainlyservescustomersfromfunds,securitiesfirms,trusts,futuresbrokers,insurers,emergingandoffshorefinancialinstitutions,etc..Itsmaincoreproductsareone-stopcloudservicesolutions,andIaaS+PaaS+SaaSlayercloudcomputingservices,whichareconfiguredtoprovidecloud-basedinvestmenttrading,valuation,custody&clearing,investmentsupervision,informationdisclosure,performanceevaluation&riskmanagement,algorithmictrading,andother,services.
Gildata.In2021,Gildatacontinuedtostrengthenandexpanditsfoundationaldata,comprehensivelyimprovingitsinvestmentresearchandriskdata,andactivelyexploredandimplementeditsdigitalintelligenceapplicationcapabilitiesinordertoachievecontinuinggrowthinitsdataservices(whichremainedpositive)andorganicdevelopmentofendproducts(makingbreakthroughs).Intermsofinvestmentresearch,Gildataimproveditsterminalemphasizingkeyareas,madedecisiveeffortsinAIforresearchandinvestment,andtookitsnational-levelfinancialinformationserviceterminalprojectthroughacceptancetestingtosuccessfullydelivery.Intermsofwealthmanagement,innovationinanditerativeupgradingofAIXiaofan’sdigitalintelligencecomponentscontinued,permittingrapidcontractgrowth.Intermsofcapitalmanagementandriskcontrol,SmartEyeproducts"tookrootandblossomed",steadilyopeningupthemarket.
HundsunAyers.In2021,HundsunAyerscontinuedtomaintainitsleadingpositioninHongKong,acquiring18newretailproductlinecustomersandexceedingHK$200millioninrevenues.Withitsnext-generationsecuritiestradingandclearingsystemwithUF3.0systemdesignandarchitecturalunderpinning,HundsunAyershadmadepositiveprogressintheHongKongmarket,contractingwitheightcustomersinasingleyear.HundsunAyerswasalsoactiveintheprimebrokerageandbuy-sidebusinesses,anddevelopednewproductssuchasPB/ESOP.
JingtengNetwork.In2021,JingtengNetworktransformeditselffromatraditional"softwaresystemconstructiondeveloper"intoa"businesssolutionprovider".Maintainingstabilityinitsoriginalbusinesses,thecompanycontinuedtofocusonterminalconstruction,providingterminalproductservicessuchas
APP/PC/Web/Html5/applets,producttoolservicessuchascloudcomponents/conditionalorders/accountanalysis,andwealthmanagementservicessuchasinvestmentadvisory/wealthmanagementmalls,thusachievingcontractgrowthandmarketdevelopmentintermsofnewcustomersforallbusinesssegments.JingtengNetworkmadeabreakthroughinitsinnovationbusiness,helpingbrokersprovidetargetedcustomerandbusinessoperationsservicesbasedonits“terminalconstructiontodataenrichment”marketstrategy,andbyprovidingintegratedintelligentoperationservices.Byfurtherservinginvestorsandhelpingemployeesinbusinessdevelopmentfrombrokers’perspective,adoptionofanewBPObusinessmodelpermittedtheproductionofnewbusinesscapabilities.
CloudyeeNetwork.In2021,CloudyeeNetworkenhanceditscorecompetitivenessbyadheringtoitsquality-firstpolicy,planningandimplementingone-stopwealthmanagementsolutions,anddevelopinganewgenerationofpopularcoreproductsandservices.Operationally,thescaleofSAASservicesandassetmanagementrevenuesmaintainedsolidgrowth,exceedingthesameperiodinthepreviousyear,marketcoveragecontinuedtoexpand,customers'operationalcapacityimproved,andregularcustomers'outputandrenewalratesreachednewhighs.Intermsofsolutions,progressintheplanningofaone-stopwealthmanagementservicebusinesscoverageandtechnologyplatformwentwell.Existingproducts’architecturewasupgraded,andtheoverallqualityofproducts/serviceswasimproved.Innewproductsandservices,promotionofInstitutionalTradingSystem/EasyConnectproductscoveringnewindustriesproceededsmoothly.ThepreliminaryverificationofAMSintegrationandoperationwascompleted.
HundsuniBontal.Inthefirstquarterof2021,HundsunTechnologiesacquiredHundsuniBontal,aproviderofend-to-endITservicesforinsuranceindustrysolutions.Afterayearofintegrationanddevelopment,thecompanywasprogressingrapidly.Intermsofproductresearchanddevelopment,HundsuniBontalcompletedthetransferofitspropertyandcasualtyinsurancesystemcoretechnicalframeworkontoHundsun'sLIGHTplatform.Thefunctionsofthecorenon-vehicleinsurancesystemwereupgradediteratively,withthird-partytestingshowingthatitsqualityhadreachedanindustry-leadinglevel.HundsuniBontalstrengtheneditslifeinsurancesolutions,winningthecontractforKingDragonLife’scoreproject.Intermsofcapitaloperations,HundsuniBontalsuccessfullycontractedwithTrustMutualLife,itsfirststrategicinvestor.IV.ANALYSISOFCORECOMPETITIVENESSDURINGTHEREPORTINGPERIOD
√Applicable□NotApplicable
Leadingproducttechnology.ThegoaloftheCompanyistobecomealeadingone-stopsolutionproviderinvolvedinthedevelopmentandimplementationofindustrytechnicalstandardsandqualitystandards.Atpresent,theCompany’sproductsareindustry-leadingintermsoftechnology.TheCompany’scoretradingsystemforthesecuritiesindustry,investmentmanagementsystemforbuysideindustriessuchasfunds,comprehensivewealthmanagementsystemforbanking,andTAsystemforrelevantfieldsareallhighlyregardedbycustomers.TheseadvantagesallowtheCompanytobenefittosomedegreefromeconomiesofscale,improvingmarginalreturns.Atthesametime,theCompanyisalsocontinuouslyexpandingitsnewareasofbusiness,suchasinbondmarketissuancenetworksandcoreinsurancesystems,viamergersandacquisitionsandtheestablishmentofjointventures,andisimprovingitsdatabusiness,withtheaimofgainingatechnologicalleadinthosenewbusinesseswithinashortperiod.Inrecentyears,theCompanyhasbeenrapidlycatchingupwiththeleadinginternationalFinTechgiants,narrowingtheir
leadtorank38
thintheIDCFintechRankings2021,withanoverallupwardtrendinitsranking.
Strongbrandinfluence.TheFinTechindustryimposesexactingtechnicalrequirements.Comparedwithindustryentrants,theCompanyhasover20yearsofexperienceasagoingconcern,duringwhichitgainedknowledgeofcustomers’businessesandaccumulatedcapabilitiesinprovidingthemwithcomprehensiveservices,makingitsproductshighlyregardedamongstcustomers.Moreover,financialinstitutions’needforstable,safe,long-termandhigh-qualityservices,alsoimpliesthatcustomerstendtoprefertheproductsandservicesofindustry-leadingtechnologycompanies.Outstandingabilityininnovation.TheCompanycontinuouslyrecruitstheindustry’stoptalentsandhasbuiltcompleteR&Dandproductsystemsandteams.Atpresent,theCompanyhas899employeeswithamaster’sdegreeorabove(includingdoctoraldegrees).In2021,theCompanyinvestedatotalofRMB2.139billioninR&D,accountingfor38.92%ofitsrevenue,makingitanindustry-leadingenterpriseintermsofR&Dexpenditure.
V.MAJOROPERATIONALPARTICULARSDURINGTHEREPORTINGPERIOD
DuringtheReportingPeriod,theCompanyrecordedrevenueofRMB5,496,578,624.88,representinganincreaseof31.73%year-on-year.ItsnetprofitattributabletoshareholdersamountedtoRMB1,463,538,930.14,representinganincreaseof10.73%year-on-year.(I)Analysisofprincipalbusinesses
1.AnalysisonChangesofRelevantItemsinStatementofProfitorLossandStatementofCash
Flows
Unit:YuanCurrency:RMB
| Item | Duringtheperiod | Duringthecorrespondingperiodlastyear | Change(%) |
| Revenue | 5,496,578,624.88 | 4,172,645,156.56 | 31.73 |
| Costofsales | 1,484,602,486.66 | 955,906,825.10 | 55.31 |
| Sellinganddistributionexpenses | 557,934,967.43 | 353,806,789.89 | 57.69 |
| Generalandadministrativeexpenses | 681,453,467.57 | 539,490,612.30 | 26.31 |
| Financecosts | -906,045.34 | -6,942,521.87 | N/A |
| R&Dexpenses | 2,139,296,366.07 | 1,496,058,838.32 | 43.00 |
| Netcashflowsfromoperatingactivities | 956,789,306.14 | 1,397,902,270.41 | -31.56 |
| Netcashflowsfromoperatingactivities | -423,425,969.13 | -791,305,394.02 | N/A |
| Netcashflowsfromfinancingactivities | -174,082,923.91 | -550,797,168.68 | N/A |
ThechangeintherevenueismainlyduetothegrowthoftheCompany'sbusinessduringtheperiod.ThechangeinthecostofsalesismainlyduetotheincreaseintheCompany'sbusinessandlaborcosts.Thechangeinsellinganddistributionexpensesismainlyduetotheincreaseinemployeesandtheirremunerationduringtheperiod.Thechangeingeneralandadministrativeexpensesismainlyduetotheincreaseinemployees'remunerationduringtheperiod.Thechangeinfinancecostsismainlyduetotheincreaseinexchangelossandinterestexpenseduringtheperiodcomparedwiththesameperiodlastyear.ThechangeinR&Dexpensesismainlyduetotheincreaseinemployeesandtheirremunerationduringtheperiod.Thechangeinnetcashflowsfromoperatingactivitiesismainlyduetothesignificantincreaseintheremunerationpaidtoemployeesduringtheperiodcomparedwiththesameperiodlastyear.ThechangeinnetcashflowsfrominvestingactivitiesismainlyduetothedecreaseincashpaidbytheCompanyforinvestmentduringtheperiodcomparedwiththesameperiodlastyear.ThechangeinnetcashflowsfromfinancingactivitiesismainlyduetotheincreaseinbankloansobtainedbytheCompanyduringtheperiod.DetailedexplanationofmajorchangesintheCompany'sbusinesstype,profitcompositionorprofitsourceduringtheperiod
□Applicable√NotApplicable
2.Analysisonrevenueandcosts
√Applicable□NotApplicableSeebelowfordetails
(1).Performanceofprincipalbusinessesbysegment,byproduct,byregionandbysalesmodel
Unit:YuanCurrency:RMB
| PrincipalBusinessesbySegment | |||||||
| Bysegment | Revenue | Costofsales | Grossprofitmargin(%) | Increase/decreaseinrevenuefromlastyear(%) | Increase/decreaseinthecostofsalesfromlastyear(%) | Increase/decreaseinthegrossprofitmarginfromlastyear(%) | |
| BigretailITbusiness | 2,111,138,786.79 | 642,111,363.26 | 69.58 | 39.79 | 75.58 | Decreasedby6.20% | |
| BigassetmanagementITbusiness | 1,706,117,915.25 | 304,358,188.06 | 82.16 | 39.84 | 78.12 | Decreasedby3.84% | |
| DatariskandinfrastructureITbusiness | 353,668,302.36 | 151,359,671.52 | 57.20 | 18.59 | 60.11 | Decreasedby11.10% | |
| BankingandindustrialITbusiness | 353,719,292.45 | 181,466,873.42 | 48.70 | -2.54 | 12.67 | Decreasedby6.92% | |
| Internetinnovationbusiness | 803,916,108.12 | 160,308,152.43 | 80.06 | 33.69 | 45.56 | Decreaseby1.62% | |
| Non-financialbusiness | 163,451,862.47 | 44,469,792.58 | 72.79 | -6.47 | -16.36 | Increasedby3.21% | |
| Total | 5,492,012,267.44 | 1,484,074,041.27 | 72.98 | 31.78 | 55.32 | Decreasedby4.09% | |
| PrincipalBusinessesbyProduct | |||||||
| Byproduct | Revenue | Costofsales | Grossprofitmargin(%) | Increase/decreaseinrevenuefromlastyear(%) | Increase/decreaseinthecostofsalesfromlastyear(%) | Increase/decreaseinthegrossprofitmarginfromlastyear(%) | |
| Revenuefromsoftware | 5,408,195,325.14 | 1,420,423,285.41 | 73.74 | 32.14 | 59.98 | Decreasedby4.57% | |
| Revenuefromhardware | 66,608,294.30 | 60,291,366.47 | 9.48 | 2.81 | -0.67 | Increasedby3.16% | |
| Revenuefromsciencepark | 17,208,648.00 | 3,359,389.39 | 80.48 | 72.87 | -51.31 | Increasedby49.79% | |
| Total | 5,492,012,267.44 | 1,484,074,041.27 | 72.98 | 31.78 | 55.32 | Decreasedby4.09% | |
| PrincipalBusinessesbyRegion | |||||||
| Byregion | Revenue | Costofsales | Grossprofitmargin(%) | Increase/decreaseinrevenuefromlastyear(%) | Increase/decreaseinthecostofsalesfromlastyear(%) | Increase/decreaseinthegrossprofitmarginfromlastyear(%) | |
| MainlandChina | 5,268,862,680.55 | 1,440,685,304.55 | 72.66 | 33.40 | 58.89 | Decreasedby4.38% | |
| Overseas | 223,149,586.89 | 43,388,736.72 | 80.56 | 2.37 | -10.97 | Increasedby2.92% | |
| Total | 5,492,012,267.44 | 1,484,074,041.27 | 72.98 | 31.78 | 55.32 | Decreasedby4.09% | |
Explanationontheperformanceofprincipalbusinessesbysegment,byproduct,byregionandbysalesmodelSeeSection"BusinessDevelopmentduringtheReportingPeriod"fordetails.
(2).AnalysisStatementofProductionandSalesVolume
□Applicable√NotApplicable
(3).PerformanceofMajorProcurementContractsandSalesContracts
□Applicable√NotApplicable
(4).StatementofCostAnalysis
Unit:Yuan
| Bysegment | Costcomponents | Amountforthecurrentperiod | Proportionofamountforthecurrentperiodintotalcost(%) | Amountforthesameperiodlastyear | Proportionofamountforthesameperiodlastyearintotalcost(%) | Changeintheamountforthecurrentperiodcomparedwiththesameperiodlastyear(%) | Description |
| BigretailITbusiness | Costofsales | 642,111,363.26 | 43.26 | 365,705,114.18 | 38.28 | 75.58 | Mainlyduetotheincreaseinthecostoflaborforbusinessgrowthandthegrowthofnewlyacquiredbusinessesin2021. |
| BigassetmanagementITbusiness | Costofsales | 304,358,188.06 | 20.51 | 170,867,764.37 | 17.88 | 78.12 | Mainlyduetotheincreaseinthecostoflaborforbusinessgrowthandthegrowthofnewlyacquiredbusinessesin2021. |
| DatariskandinfrastructureITbusiness | Costofsales | 151,359,671.52 | 10.20 | 94,536,256.19 | 9.89 | 60.11 | Mainlyduetotheincreaseinthecostoflaborforbusinessgrowth. |
| BankingandindustrialITbusiness | Costofsales | 181,466,873.42 | 12.23 | 161,062,185.98 | 16.86 | 12.67 | |
| Internetinnovationbusiness | Costofsales | 160,308,152.43 | 10.80 | 110,132,936.64 | 11.53 | 45.56 | Mainlyduetotheincreaseinthecostoflaborforbusinessgrowth. |
| Non-financialbusiness | Costofsales | 44,469,792.58 | 3.00 | 53,164,919.31 | 5.56 | -16.36 | |
| Total | 1,484,074,041.27 | 100.00 | 955,469,176.67 | 100.00 | 55.32 | ||
| CostbyProduct | |||||||
| Byproduct | Costcomponents | Amountforthecurrentperiod | Proportionofamountforthecurrentperiodintotalcost(%) | Amountforthesameperiodlastyear | Proportionofamountforthesameperiodlastyearintotalcost(%) | Changeintheamountforthecurrentperiodcomparedwiththesameperiodlastyear(%) | Description |
| Revenuefromsoftware | Costofsales | 1,420,423,285.41 | 95.71 | 887,872,191.31 | 92.93 | 59.98 | Mainlyduetotheincreaseinthecostoflaborforbusinessgrowthandthegrowthofnewlyacquiredbusinessesin2021. |
| Revenuefromhardware | Costofsales | 60,291,366.47 | 4.06 | 60,697,191.12 | 6.35 | -0.67 | |
| Revenuefromsciencepark | Costofsales | 3,359,389.39 | 0.23 | 6,899,794.24 | 0.72 | -51.31 | Mainlyduetothedecreasein |
| thecostofsalesasaresultofthedecreaseinrevenuefromthescienceparkrentalbusiness. | |||||||
| Total | 1,484,074,041.27 | 100.00 | 955,469,176.67 | 100.00 | 55.32 |
(5).ChangesintheScopeofConsolidationduetoChangesintheShareholdingsofMajorSubsidiariesduringtheReportingPeriod
□Applicable√NotApplicable
(6).MajorChangesorAdjustmentsintheCompany'sBusiness,ProductsorServicesduringtheReportingPeriod
□Applicable√NotApplicable
(7).KeyCustomersandKeySuppliersA.KeyCustomersoftheCompanySalestotheCompany'stopfivecustomersamountedtoRMB248,922,600,accountingfor4.53%ofthetotalsalesintheyear.Amongthesalestothetopfivecustomers,thesalestotheiraffiliatesamountedtoRMB0,accountingfor0%ofthetotalsalesintheyearDuringtheReportingPeriod,therewerecasesinwhichsalestoasinglecustomerexceed50%ofthetotal,therearenewcustomersamongthetopfivecustomers,ortheCompanyisheavilydependentonafewcustomers
□Applicable√NotApplicableB.KeySuppliersoftheCompanyPurchasesfromtheCompany'stopfivesuppliersamountedtoRMB201,782,400,accountingfor21.83%ofthetotalpurchasesintheyear.Amongthepurchasestothetopfivecustomers,thepurchasestotheiraffiliatesamountedtoRMB40,892,500,accountingfor4.42%ofthetotalpurchasesintheyearDuringtheReportingPeriod,therewerecasesinwhichpurchasestoasinglesupplierexceed50%ofthetotal,therearenewsuppliersamongthetopfivesuppliers,ortheCompanyisheavilydependentonafewsuppliers
□Applicable√NotApplicable
3.Expense
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Duringtheperiod | Duringthecorrespondingperiodlastyear | Change(%) | Reasonsforchange |
| Sellinganddistributionexpenses | 557,934,967.43 | 353,806,789.89 | 57.69 | Mainlyduetotheincreaseinemployeesandtheirremunerationduringtheperiod |
| Generalandadministrativeexpenses | 681,453,467.57 | 539,490,612.30 | 26.31 | Mainlyduetotheincreaseinemployeesandtheirremunerationduringtheperiod |
| R&Dexpenses | 2,139,296,366.07 | 1,496,058,838.32 | 43.00 | Mainlyduetotheincreaseinemployeesandtheirremunerationduringtheperiod |
| Financecosts | -906,045.34 | -6,942,521.87 | N/A | Mainlyduetotheincreaseinexchangelossandinterestexpenseduringtheperiodcomparedwiththesameperiodlastyear. |
4.R&DInvestment
(1).StatementofR&DInvestment
√Applicable□NotApplicable
Unit:Yuan
| ExpensedR&Dinvestmentforthecurrentperiod | 2,139,296,366.07 |
| CapitalizedR&Dinvestmentforthecurrentperiod | 0 |
| TotalR&Dinvestment | 2,139,296,366.07 |
| ProportionoftotalR&Dinvestmentinrevenue(%) | 38.92 |
| ProportionofcapitalizedR&DinvestmentintotalR&Dinvestment(%) | 0 |
(2).R&DPersonnel
√Applicable□NotApplicable
| NumberofR&Dpersonnel | 6,065 |
| ProportionofthenumberofR&Dpersonnelintheheadcount(%) | 45.6 |
| EducationalLevelofR&DPersonnel | |
| Educationallevel | Number |
| Doctor'sDegree | 8 |
| Master'sDegree | 891 |
| Bachelor'sDegree | 4,922 |
| Juniorcollege | 238 |
| Highschoolorbelow | 6 |
| AgeCompositionofR&DPersonnel | |
| Agecomposition | Number |
| Undertheageof30(excluding30) | 3,490 |
| Age30-40(including30andexcluding40) | 2,383 |
| Age40-50(including40andexcluding50) | 186 |
| Age50-60(including50andexcluding60) | 5 |
| Age60orabove | 1 |
(3).Description
√Applicable□NotApplicableTheCompanycontinuouslyrecruitstoptalentsintheindustryandhasbuiltvarioussoundsystemsanddedicatedteamsforresearchanddevelopmentaswellasitsproducts.In2021,theCompanyinvestedatotalofRMB2.139billioninR&D,accountingfor38.92%ofrevenue.TheCompanyisatop-rankedenterpriseintermsofR&Dexpenses.
(4).ReasonsforSignificantChangesintheCompositionofR&DPersonnelandImpactontheCompany'sFutureDevelopment
□Applicable√NotApplicable
5.CashFlow
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Itemsinthestatementofcashflows | Duringtheperiod | Duringthecorrespondingperiodlastyear | Change(%) | Reasonsforchange |
| Sub-totalofcashinflowsfromoperatingactivities | 6,193,014,080.29 | 5,350,358,436.16 | 15.75 | Mainlyduetotheincreaseincashreceivedfromsalesofgoodsandprovisionofservicesduringtheperiodcomparedtothesameperiodlastyear. |
| Sub-totalofcashoutflowsforoperatingactivities | 5,236,224,774.15 | 3,952,456,165.75 | 32.48 | Mainlyduetotheincreaseinemployeesandtheirremunerationandtheincreaseinthepurchaseofgoodsandreceiptofservicesduringtheperiodcomparedtothesameperiodlastyear. |
| Netcashflowsfromoperatingactivities | 956,789,306.14 | 1,397,902,270.41 | -31.56 | Mainlyduetothefactthattheincreaseincashinflowsfromoperatingactivitieswaslessthanthatincashoutflowsforoperatingactivitiesduringtheperiod. |
| Sub-totalofcashinflowsfrominvestingactivities | 5,762,984,326.05 | 6,211,972,149.70 | -7.23 | Mainlyduetothedecreaseininvestmentreturnsduringtheperiodcomparedtothesameperiodlastyear. |
| Sub-totalofcashoutflowsforinvestingactivities | 6,186,410,295.18 | 7,003,277,543.72 | -11.66 | Mainlyduetothedecreaseincashpaidforinvestmentsduringtheperiodcomparedtothesameperiodlastyear. |
| Netcashflowsfromoperatingactivities | -423,425,969.13 | -791,305,394.02 | N/A | |
| Sub-totalofcashinflowsfromfinancingactivities | 1,923,543,622.44 | 523,466,670.28 | 267.46 | Mainlyduetotheincreaseinbankloansduringtheperiodcomparedtothesameperiodlastyear. |
| Sub-totalofcashoutflowsforfinancingactivities | 2,097,626,546.35 | 1,074,263,838.96 | 95.26 | Mainlyduetothesharerepurchaseandtheincreaseinbankloanrepaymentduringtheperiodcomparedtothesameperiodlastyear. |
| Netcashflowsfromfinancingactivities | -174,082,923.91 | -550,797,168.68 | N/A | |
| Netincreaseincashandcashequivalents | 353,405,536.94 | 52,096,797.72 | 578.36 | Mainlyduetothedecreaseinnetcashoutflowsforinvestingactivitiesandfinancingactivitiesduringtheperiodcomparedtothesameperiodlastyear. |
(II)SignificantChangesintheProfitfromNon-PrincipalBusiness
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Duringtheperiod | Duringthecorrespondingperiodlastyear | Change(%) | Description |
| Gainfromchangesinfairvalue | 414,401,157.02 | 103,091,491.83 | 301.97 | MainlyduetothesignificantchangesinthefairvalueoftheCompany’sfinancialassetsatfairvalueduringtheperiod. |
| Investmentincome | 275,837,269.79 | 584,205,393.33 | -52.78 | MainlyduetotheincreaseingainsgeneratedfromthedisposaloftheCompany’ssubsidiary,LuofengNetwork. |
(III)AnalysisofAssetsandLiabilities
√Applicable□NotApplicable
1.AssetsandLiabilities
Unit:Yuan
| Item | Amountattheendofthecurrentperiod | Proportionofamountattheendofthecurrentperiodintotalassets(%) | Amountattheendofthepreviousperiod | Proportionofamountattheendofthepreviousperiodintotalassets(%) | Year-on-yearchange(%) | Description |
| Cashandbankbalances | 1,727,704,846.60 | 14.30 | 1,374,842,591.24 | 13.79 | 25.67 | Nosignificantchanges |
| Held-for-tradingfinancialassets | 1,991,523,094.74 | 16.49 | 2,723,350,172.04 | 27.31 | -26.87 | Nosignificantchanges |
| Accountsreceivable | 762,916,207.50 | 6.32 | 523,273,534.51 | 5.25 | 45.80 | MainlyduetothegrowthoftheCompany'sbusinessandtheincreaseinaccountsreceivablefromsubsidiariesnewlyincludedinthescopeofconsolidationduringtheperiod. |
| Inventories | 466,992,190.19 | 3.87 | 351,690,935.90 | 3.53 | 32.78 | Mainlyduetotheincreaseinexecutorycostsasaresultoftheincreaseinemployeesandtheirremunerationduringtheperiod. |
| Otherdebtinvestments | 65,681,018.23 | 0.54 | 83,845,382.74 | 0.84 | -21.66 | Nosignificantchanges |
| Long-termequityinvestments | 1,110,946,777.17 | 9.20 | 738,974,733.43 | 7.41 | 50.34 |
MainlyduetotheCompany'sinvestmentinNanjingPengxianditssubsidiaryHundsunHoldingsLimited'sinvestmentinN2NCONNECTBERHADduringtheperiod.
| Othernon-currentfinancialassets | 2,981,720,276.86 | 24.68 | 2,229,463,162.16 | 22.36 | 33.74 | Mainlyduetotheincreaseinnon-currentfinancialassetspurchasedbytheCompanyduringtheperiod. |
| Investmentproperties | 127,524,968.93 | 1.06 | 111,411,248.79 | 1.12 | 14.46 | Nosignificantchanges |
| Fixedassets | 1,679,515,491.95 | 13.90 | 472,506,719.88 | 4.74 | 255.45 | MainlyduetothetransferoftheHundsunCloudProductionBasetofixedassets. |
| Constructioninprogress | 26,357,513.90 | 0.22 | 732,254,664.28 | 7.34 | -96.40 | MainlyduetothetransferoftheHundsunCloudProductionBasetofixedassets. |
| Right-of-useassets | 32,023,105.44 | 0.27 | N/A | Mainlyduetotheimplementationof |
| thenewleasingstandardsduringtheperiod. | ||||||
| Intangibleassets | 376,460,020.43 | 3.12 | 161,012,651.89 | 1.61 | 133.81 | Mainlyduetothepurchaseofintangibleassetsfromabroadduringtheperiod. |
| Goodwill | 367,492,126.98 | 3.04 | 312,158,890.50 | 3.13 | 17.73 | Nosignificantchanges |
| Deferredincometaxassets | 163,436,491.51 | 1.35 | 71,410,701.28 | 0.72 | 128.87 | MainlyduetotheinconsistencybetweentheCorporateIncomeTaxLawandthenewincomestandards. |
| Othernon-currentassets | 112,816,169.61 | 0.93 | 441,999.00 | 0.00 | 25,424.08 | MainlyduetothepaymentofSummitsoftwaretoFinastrabythesubsidiary,CloudwingNetwork. |
| Short-termborrowings | 178,028,314.11 | 1.47 | 46,718,265.90 | 0.47 | 281.07 | Mainlyduetotheincreaseinborrowingsfrombanksduringtheperiod. |
| Accountspayable | 503,758,715.18 | 4.17 | 192,172,938.77 | 1.93 | 162.14 | Mainlyduetotheincreaseinthepaymenttosuppliersfor"HundsunCloudProductionBase"duringtheperiodcomparedwiththeendofthepreviousyear. |
| Contractliabilities | 3,203,414,609.69 | 26.52 | 3,107,149,920.44 | 31.16 | 3.1 | Nosignificantchanges |
| Employeecompensationpayable | 774,996,501.71 | 6.42 | 647,448,189.72 | 6.49 | 19.70 | Nosignificantchanges |
| Taxespayable | 196,064,942.41 | 1.62 | 187,413,250.40 | 1.88 | 4.62 | Nosignificantchanges |
| Otherpayables | 170,804,176.79 | 1.41 | 128,629,520.86 | 1.29 | 32.79 | Mainlyduetothepre-receiptofequitydisposalfromthesubsidiaryHangzhouXingluduringtheperiod. |
| Currentportionofnon-currentliabilities | 154,496,614.61 | 1.28 | N/A | Mainlyduetothecurrentportionoflong-termbankborrowingsduringtheperiod. | ||
| Othercurrentliabilities | 305,258,151.46 | 2.53 | 305,258,151.46 | 3.06 | 0 | Nosignificantchanges |
| Long-termborrowings | 228,454,065.70 | 1.89 | 206,090,358.06 | 2.07 | 10.85 | Nosignificantchanges |
| Deferredincometaxliabilities | 68,201,491.05 | 0.56 | 42,478,589.07 | 0.43 | 60.55 | Mainlyduetothesignificantchangesinthefair |
2.OverseasAssets
√Applicable□NotApplicable
(1)AssetscaleIncluding:overseasassetswere822,731,972.19(Unit:YuanCurrency:RMB),accountingfor6.82%ofthetotalassets.
valueoftheCompany’sfinancialassetsatfairvalueduringtheperiod.Item
| Item | Reason | Assetscale | Location | Operationpattern | Controlmeasurestosafeguardassetsecurity | Revenue | Proportionofoverseasassetsintotalassets(%) | Whetherthereissignificantimpairmentrisk |
| JapanHundsunSoftwareInc. | EstablishedbytheCompany | 43,087,407.06 | Japan | Autonomousoperation | Corporategovernance,financialmanagement,auditregulatory,performanceassessment | 635,919.61 | 0.36 | N |
| HundsunHoldingsLimited | EstablishedbytheCompany | 726,627,786.49 | HongKong | Autonomousoperation | Corporategovernance,financialmanagement,auditregulatory,performanceassessment | 54,093,813.83 | 6.02 | N |
| HundsunIntercontinentalHoldings(HK)Limited | EstablishedbytheCompany | 41,065,733.06 | HongKong | Autonomousoperation | Corporategovernance,financialmanagement,auditregulatory,performanceassessment | 29,468.71 | 0.34 | N |
| HundsunIHSMarkitChina(HongKong)TechnologiesLimited | EstablishedbytheCompany | 1,059,893.93 | HongKong | Autonomousoperation | Corporategovernance,financialmanagement,auditregulatory,performanceassessment | -300,732.02 | 0.01 | N |
| GenSysTechnology(International)Limited | Businesscombinationnotundercommoncontrol | 10,891,151.65 | HongKong | Autonomousoperation | Corporategovernance,financialmanagement,auditregulatory,performanceassessment | -1,185,270.31 | 0.09 | N |
(2)NotestotheHighProportionofOverseaAssets
□Applicable√NotApplicable
3.RestrictiononMajorAssetsasattheEndoftheReportingPeriod
√Applicable□NotApplicable
Unit:Yuan
| Item | Carryingamountattheendoftheperiod | Reason |
| Cashandbankbalances | 4,270,755.00 | Guaranteedeposit |
| Intangibleassets | 73,153,291.09 | Pledgedtosecurebankborrowings |
| Constructioninprogress | 25,139,995.40 | Pledgedtosecurebankborrowings |
| Fixedassets | 1,117,020,509.26 | Pledgedtosecurebankborrowings |
| Otherdebtinvestments | 65,681,018.23 | Pledgedtosecurebankborrowings |
| Total | 1,285,265,568.98 |
4.Othernotes
□Applicable√NotApplicable(IV)AnalysisoftheIndustryOperationInformation
√Applicable□NotApplicablePleaserefertoSection"DiscussionandAnalysisonBusinessOperations"fordetails.(V)AnalysisofInvestmentsOverallAnalysisofExternalEquityInvestments
√Applicable□NotApplicablePleaserefertothe"M&AandInvestment"inSection"DiscussionandAnalysisonBusinessOperations"fordetails.
1.Majorequityinvestment
√Applicable□NotApplicable
Unit:10,000yuanCurrency:RMB
| Investee | Principalbusiness | Investmentcost | Shareholdingratioattheendoftheperiod(%) | Sourceoffunds | Investmentprofitorlossduringtheperiod | Lawsuitinvolvedornot |
| N2NCONNECTBERHAD | ProvideOTCBBandmarketingintelligenceservicesforbrokersinSoutheastAsia | 15,868.40 | 23.657 | Self-ownedcapital | 450.23 | N |
| NanjingPengxiEquityInvestmentCenter(L.P.) | Equityinvestment | 12,000.00 | 40 | Self-ownedcapital | -331.57 | N |
2.Majornon-equityinvestment
□Applicable√NotApplicable
3.Financialassetsatfairvalue
√Applicable□NotApplicable
Unit:10,000yuanCurrency:RMB
| Item | Initialinvestmentcost | PurchaseduringtheReporting | DisposalduringtheReporting | Closingbalance | Closingbalance | Investmentincome | Changesinfairvalue |
| Period | Period | ||||||
| Stocks | 21,290 | 72,583 | 55,722 | 38,150 | 65,601 | 781 | 24,316 |
| Funds | 50,369 | 74,103 | 34,790 | 89,682 | 90,397 | 2,227 | 1,759 |
| Trusts | 257,578 | 232,173 | 380,608 | 109,142 | 146,945 | 6,629 | 15,813 |
| Others | 2,925 | 3,780 | 2,020 | 4,685 | 6,039 | 0 | 52 |
| Financialbonds | 8,160 | 1,839 | 6,321 | 6,568 | 266 | ||
| Debtinstruments | 2,800 | 2,800 | -318 | -88 | |||
| Financialproducts | 27,245 | 109,700 | 58,075 | 78,870 | 78,870 | 2,898 | |
| Equityinstruments | 91,465 | 21,632 | 3,479 | 109,618 | 109,472 | 2,063 | |
| Total | 461,831 | 513,970 | 539,333 | 436,469 | 503,892 | 14,546 | 41,852 |
4.SpecificprogressofmajorassetrestructuringandintegrationduringtheReportingPeriod
□Applicable√NotApplicable(VI)DisposalofMajorAssetsandEquity
□Applicable√NotApplicable(VII)AnalysisofMajorCompaniesControlledandInvestedinbytheCompany
√Applicable□NotApplicable
Unit:10,000yuanCurrency:RMB
| Fullcompanyname | Natureofbusiness | Registeredcapital | Totalassets | Netassets | Revenue | Netprofit |
| HangzhouHundsunCloudInvestmentHoldingCo.,Ltd. | Industrialinvestment | 16,500.00 | 54,450.11 | 22,148.59 | 1,654.79 | 850.78 |
| JapanHundsunSoftwareInc. | Software | JPY7,850.00 | 4,308.74 | 2,023.68 | 5,188.95 | -213.63 |
| HangzhouCloudyeeNetworkTechnologyCo.,Ltd. | Software | 10,000.00 | 23,563.53 | 16,408.33 | 14,207.26 | 6,005.21 |
| HundsunHoldingsLimited | Investmentmanagement | HKD10,000.00 | 72,662.78 | 58,123.72 | 17,160.17 | 5,428.01 |
| HangzhouCloudbrokerNetworkTechnologyCo.,Ltd. | Software | 5,176.50 | 7,678.01 | 3,673.92 | 4,810.88 | -235.75 |
| HangzhouCloudwingNetworkTechnologyCo.,Ltd. | Software | 46,606.11 | 39,736.41 | 33,436.92 | 2,929.41 | -1,143.81 |
| HangzhouHundsunWengineNetworkTechnologyCo.,Ltd. | Software | 1,250.00 | 20,787.11 | 10,882.20 | 9,243.12 | 5,266.35 |
| HangzhouXingluEquityInvestmentPartnership(L.P.) | Investmentmanagement | 24,100.00 | 10,560.04 | 6,413.87 | -422.82 | |
| ZhejiangJingtengNetworkTechnologyCo.,Ltd. | Software | 5,428.58 | 11,927.40 | 6,131.88 | 11,791.57 | 148.23 |
| WuxiXingluTianchengInvestmentManagementPartnership(L.P.) | Investmentmanagement | 30,100.00 | 2,402.51 | 2,402.51 | -347.67 | |
| ShanghaiGildataInc | Software | 12,250.00 | 26,412.47 | 9,820.54 | 29,062.17 | 851.58 |
| Fullcompanyname | Natureofbusiness | Registeredcapital | Totalassets | Netassets | Revenue | Netprofit |
| BusinessIntelligenceInfo.Tech.(Hangzhou)Co.,Ltd. | Software | 2,793.58 | 7,849.76 | 3,263.74 | 7,463.35 | 65.44 |
| ShanghaiGenus-FinanceInformationTechnologyCo.,Ltd. | Software | 2,122.03 | 9,353.74 | 6,717.23 | 5,158.58 | 484.22 |
| NanjingXingchengEquityInvestmentPartnership(L.P.) | Investmentmanagement | 30,300.00 | 29,532.77 | 29,532.77 | -950.60 | |
| Hundsun&IHSMarkitChinaTechnologiesCo.,Ltd. | Software | 7,000.00 | 5,453.09 | 5,271.40 | 21.28 | -1,024.59 |
| HundsuniBontal(Guangdong)TechnologyCo.,Ltd. | Software | 8,000.00 | 8,980.72 | 6,516.42 | 8,092.43 | -3,393.00 |
| ZhejiangXunchangWendaoNetworkInformationTechnologyCo.,Ltd. | Software | 5,000.00 | 4,201.32 | 3,606.21 | 440.16 | -1,393.79 |
| ShanghaiDworldAITechnologyCo.,Ltd. | Software | 2,161.00 | 4,928.60 | 4,511.62 | 632.58 | -366.30 |
| ShenzhenRicequantTechnologyCo.,Ltd. | Software | 1,140.63 | 2,094.96 | 1,871.07 | 1,409.27 | -863.17 |
| Ant(Hangzhou)FundsSalesCo.,Ltd. | Finance | 15,562.00 | 1,084,851.54 | 100,081.17 | 1,212,421.85 | 50,386.38 |
| ShenzhenTradeBlazerTechnologyCo.,Ltd. | Software | 3,546.97 | 15,098.27 | 14,322.46 | 3,393.84 | 1,732.86 |
| HundsunCloudFinancingNetworkTechnologyCo.,Ltd. | Software | 6,870.00 | 10,780.29 | 4,319.27 | 11,461.61 | -2,929.65 |
(VIII)StatusofStructuredEntityControlledbytheCompany
□Applicable√NotApplicableVI.DISCUSSIONANDANALYSISOFTHECOMPANY’SFUTUREDEVELOPMENT(I)Industrypatternandtrends
√Applicable□NotApplicable
In2021,theCompanycontinuedtobesufferedfromtheeffectsoftheCOVID-19pandemic.Inthefinancialindustry,effortstocombatthepandemicledtotherapiddevelopmentof"non-contact"financialservices,withbanksandotherfinancialinstitutionsattemptingtoprovideuserswithservicessuchasaccountopening,transfer,repayment,investmentandwealthmanagementviavariouselectronicchannels.Thepandemichasthusbecomealong-term"driver"ofthefinancialindustry’sdigitaltransformation,whichisspreadingfromproductsandchannelstoorganizationaltransformationandtheupgradingofITarchitecture.
FinTechhasgonethroughthreestagesofdevelopmentandisnowmovingintothedigitalera.The
firststage,during2000-2010,wastheapplicationofelectronicsinfinance,i.e.,theapplicationoftechnologicaltoolstoreplacemanpower,mainlyforhandlingtransactions.Technologywasmainlyappliedintheformofdatabasesandmiddleware,andthetechnicalgoalofthewholefinancialindustrywastheprovisionofsolutionssupportforback-officebusinesssystems.
ThesecondstagewastheapplicationofInternettechnologyinfinance,whichmainlyresolveddifficultiesininformationdiscoverythroughtechnology,focusingondeliveryandlinks.Thesetechnical
capabilitiesandachievementswereembodiedinthemobileInternet,cloudcomputinganddistributedcomputing,withtechnologyplayingtheroleofbusinessdriver.
Thethirdstageistheadventoffinancialdigitalization.Technologycannowreplacementalwork,focusingmainlyondataprocessingandcontentanalysis,tomakefinalbusinessdecisions,andmoreattentionisbeingpayingtoactivepush.Themaintechnicalcapabilitiesandachievementsofthisstagelieinbigdata,AI,informationdistribution&delivery,anddatasecurity,Inthisstage,themutualempowermentoftechnologyandbusinessismakingachievingrelevantgoalsviatechnologyorbusinessalonedifficult,withaspiralingprocessoftechnologyandbusinessintegrationmoreoftensuitable,i.e.,theprocessoffinancialdigitalization.
1.Regulatoryenvironmentandtrends
OnJanuary4,2022,theCentralBankissuedtheFinTechDevelopmentPlan(2022-2025),proposingwhole-processintegrationofdigitalizationintofinancialservices,theadoptionofdigitalthinkingforallstagesofbusinessoperationsandafocusontechnology-driven,data-enabledfinancialinnovationviastrengthenedapplicationoffinancialdata,forthemainpurposesofdeepeningstructuralreformofthefinancialsupplyside,acceleratingthedigitaltransformationoffinancialinstitutions,strengtheningprudentialregulationofFinTech,andthusachievingaleapforwardintheindustry’soverallstandardsandcorecompetitivenessby2025.ThePlanaimstoemphasizethedigitaltransformationoffinancialinstitutionsandprudentialregulationofFinTech,aswellasthesolutionofproblemssuchasFinTech’sunbalancedandinsufficientdevelopment,soastopromoteasoundFinTechgovernancesystemandthedeeperintegrationandmoresustainabledevelopmentoffinanceandtechnology,improvedigitalinfrastructure,andbettermeetthenewrequirementsandtaskspresentedbytheeraofthedigitaleconomy.
2.FinTechpatternsandtrendsinfinancialinstitutions
Awidegapintechnologicalinvestmentbetweenforeignanddomesticfinancialinstitutionsremains.Takingthesecuritiesindustryasanexample,in2020,theaverageITinvestmentoftop10overseasinvestmentbanksaccountedfor6.6%oftheirrevenue,whilethatofthetop10domesticbrokersaccountedforonly3.3%.Inthesameyear,theITinvestmentofglobalcommercialbanksJ.P.MorganChaseandCitiaccountedfor8.6%and9.8%oftheirrevenuerespectively,whilethatofthetopsixdomesticbanksaccountedforonly2.89%onaverage.Asthedomesticeconomyhasdeveloped,leadingdomesticfinancialinstitutionshavegraduallycaughtupwithoverseasgiantsinrevenueterms,butthewidegapinITinvestmentremains.Inthecontextofdeepeningfinancialreformandanincreasinglyopendomesticfinancialmarket,domesticfinancialinstitutionsmustcontinuouslyincreasetheirFinTechinvestmentinordertocompetewiththeirforeignfinancialcounterparts.
ThemarketcompetitioninFinTechhasalsobecomemoreintense,mainlyinthefollowingways.LeadingfinancialinstitutionshavecontinuedtoincreasetheirinvestmentinindependentR&D,andtoexportFinTechtotheoutsideworld.LeadingFinTechcompanieshavebeenprovidingtechnicalempowermenttofinancialinstitutionsintheformofscenario-enabledtechnology.Andforeign-fundedfinancialinstitutionshavebeenenteringChina'sfinancialmarkettosetupforeignFinTechcompanies.Facingthesenewpatternsofcompetition,HundsunwillcontinuetoincreaseitsR&Dinvestmenttomaintainaleadingpositionintheindustry,andstrengthencooperativeinnovation,buildinginnovationlabstogetherwithcustomersinordertoachievemutualbenefitandwin-winresults
3.Developmenttrendsinnewtechnologies
Hundsun,togetherwithanumberoffinancialinstitutions,releasedtheFinTechTrendsReport2022,thefirstsuchreportaddressedtotheindustryanalyzingandforecastingnewtechnologicaltrendsindata,AI,efficiencyandsecurity.
●Data:Bigdataplatformsaregraduallydevelopingfromapplicationinprojects/departmentsto
applicationacrossenterprises;open-sourceanddomesticdatabasesaregraduallybeingappliedtocore
financialsystems,andNoSQLdatabasesarebecomingincreasinglydominant;privacyenhancement
technologiesarehelpingthedataassetecosystemmovetowardsfederalization.
●AI:AIalgorithmsareincreasinglyhighly-engineeredandmulti-modality,withreducedresourceanddata
requirementsusheringfinancial"digitalintelligence"intoanewphase.TheintegrationofRPAandAI
technologyisexpandingthescenarioscoveredbydigitaloperation,andmany"digitalemployees"areset
tobeputtouseinfinancialinstitutions.ThedevelopmentofAIforresearchandinvestmentrequires
“onecoreandthreelevelsofintegration”i.e.,coreindustrialchainknowledgegraphtechnology,plus
integrationintermsofinvestment&research,dataandsupply&demand.AIOpswillenhancethedepth
andbreadthoffinancialinstitutions'operationandmaintenancethroughdynamic,optimizedinsight
strategies.
●Efficiency:Enterprise-levelapplicationsaregenerallybeingreconstructedoncloud-nativeplatforms.
Achievinghighperformanceandlowlatencyrequiresthecorrectcombinationofhardwareandsoftware,
leveragingthepotentialofFPGAs,DPUs,nonvolatilememory,andotherhardware.Low-codeplatforms
willbecomemorecommonasenterprise-leveldevelopmentplatforms,permittingrapidinnovation.
Multi-experienceandcomposableserviceswillprovidethefoundationofthedigitalizedexperience.
●Security:Datasecurityhasbecomecoretoinformationsecuritysystems,withinstitutionsshiftingto
guaranteedataassetsecuritycomplianceviasecureoperatingsystems.Zerotrustwillbethebestmethodofprotectingthefinancialsysteminfuture.Theincreasinglycomplexsoftwareecosystemisexacerbatingsupplychainsecurityrisks,withopen-sourcetechnologybecomingakeytargetofinformationsecurityprotectionefforts.AsaleadingChineseFinTechcompany,Hundsunhasmaderichachievementsintheapplicationofnewtechnologiesasfollow.
●Beginningcooperationwithpioneeringlabs.Basedonactualbusinesscapabilityscenarios,pioneeringlabswillactivelyexploretechnological,businessandintegratedinnovationsthatcombinedomestichigh-endtechnicalachievements,acceleratetheimplementationofindustrialinnovationtopicsandstandards,helptoformaconsensusoninnovationwithintheindustry,andpromotetheindustry’soverallprogress.Atpresent,cooperationwithpioneerlabsincludesareassuchastheintroductionofITapplicationinnovationandhigh-performanceecosystems,incubationofscenario-basedinnovation,databasesandAI,academiccooperation,researchintoAIinvestment,andjointdevelopmentofbusinesseventstandards.Throughitscooperationwithpioneeringlabs,theCompanyhopestomakecutting-edgetechnologiesmoresuitableforapplicationinthefinancialindustry,finallypermittingrealizationoftheirengineeringapplicationwithintheindustry.
●Databases.HundsunreleaseditsLightDBenterprisedatabaseproduct,completedtestingand
certificationofitsITapplicationinnovationhardwareandsoftwareplatform,andjointlyconstructedanITapplicationinnovationmodelusingitsnextgenerationTA,initiallyputtingthisonlineinSoochowSecurities.
●Highperformance.HundsunreleasedLDP,anext-generationlow-latency,andhigh-availability
distributedtechnologyplatform,improvingitscommunicationsandmemoryaccessperformancein2021viaplatformencapsulation.InAugust2021,theLDPplatform’send-to-enddelaybrokethrough100nstorankfirstintheindustry.
●Artificialintelligence.Hundsun'sFinancialKnowledgeGraphToolPlatform1.0offerscustomersalocalizedplatformimplementationprovidingcomputinganddataserviceslocally.Theseincludeequity,suspectedactualcontroller,suspectedbeneficialowner,personsactinginconcert,graphrelationaldataservices,andgroupaccounts.
●Blockchain.Duringtheyear,Hundsunreleasedtwoblockchainproducts,H-BaaS1.0andFTCUChainDigitalAssetPlatform1.0andcontractedwith24customers.Itcompletedtheapplicationofthetwoproductsingovernmentandindustry,andcompletedthefirstblockchaincreditfinancingbusiness.Infuture,inadditiontocontinuingitseffortsinexistingbusinessessuchasFinTechandsupplychainfinance,Hundsunalsoplanscontinuetofurtherresearchblockchainareaapplicationscenariosbasedonregulatorytechnology.
●EstablishmentofPost-DoctoralResearchCenter.AfterestablishingtheResearchCenterwithZhejiang
ProvincialDepartmentofHumanResourcesandSocialSecurityapproval,thefirstbatchofpostdoctoralresearchersstartedtheirresearchintheCenter,whichHundsunisusingasitsinnovationplatform,promotingitsoverallcapacityforscientificresearchandprovidinggreatertechnologicalempowermenttoChina'scapitalmarket.In2021,Hundsun'sfirstpostdoctoralresearcherattheCentercompletedhis/herresearch,withtheresult,"ACross-SentenceEventDetectionNetwork",selectedfortheAnnual
MeetingoftheAssociationofComputationalLinguistics(ACL).Atthesametime,Hundsun'sdoctoralteamalsoobtainedachievementsinthemacroinvestmentresearch,financialriskmanagementandstockriskresearchareas.(II)Companydevelopmentstrategies
√Applicable□NotApplicable
1.Customersatisfactionfirst,productqualityfirst"Customerfirst,qualityfirst”wasHundsun’soriginalvisionandremainsitsstrategiccornerstoneforfuturedevelopment.Hundsunwasfoundedonthebasisofcustomers’needsandhasgrowntogetherwithitscustomers.Hundsuncanonlysucceedbysatisfyingcustomers,dependingonexcellentproducts.Hundsun’saimistoimproveitsproducts,servicecapabilityandorganizationalcapabilityinallaspects,includingstrategicplanning,organizationaloptimization,processsystemsandteammembership,totrulyembodyits“customerfirst”corevalues,exceedcustomerexpectations,anddevelopintoaworld-leadingFinTechcompany.
2.Product-orientedstrategyTheCompanywillcontinuetofocusonitsproduct-orientedstrategytomaintainitscoreproductlines’overallleadershipandthecomprehensivestrengthofitscompetitiveproductlines,tostriveforexcellenceintermsofitsproductlines,andtoexpandandstrengthenitsBankInsuranceFund(BIF)businessandinternationalbusiness.
3.DigitalintelligencestrategyTheCompanyaimstoestablishthetopbrandindataintelligence,promoteitsconstructionofmarketdataandcustomerdatacenters,andestablishtechnologicalleadershipviadigitalintelligenceinitscorebusiness.
4.LightstrategyHundsunwillcontinuetoconstructitsunifiedLighttechnologybrandecosystemtofullyempowerthedigitaltransformationoffinanceviaindustryleadingtechnologies.Infuture,theCompanywillcontinueitsinvestmentsincloud-nativearchitecture,lowlatencysystems,hardwareandsoftwaresystemsintegration,hybridclouds,lowcodedevelopment,front-endmicro-applicationsystems,informationtechnologyapplicationinnovationindustrydatabases,bigdatareal-timecomputing,AIinRPA,blockchaintechnology,andothercutting-edgetechnologies.TheCompanywillcontinuetomaketheLighttechnologyplatformavailabletotheindustry,issuecompletewhitepapersontechnicalstandards,andoperatethedeveloperecosystem,tobuildingupahighlyinfluentialFinTechtechnologybrand.
5.EAASstrategyTheCompanywillfocusondevelopingwealthmanagementcloudandprivateequitycloudservices,data&componentsubscriptionservices,andwealthmanagementBPO&KPOservices,strivingtoincreasetheproportionofrevenuesderivedfromitsvalue-addedservices.(III)Operationplan
√Applicable□NotApplicable
BasedontheCompany'snewstrategicplanandorganizationalrestructuring,togetherwiththeoutlookforthemarketandregulatorypoliciesin2022,theCompany'smainbusinessrevenuesfor2022arebudgetedtoincreasebyapproximately25%yearonyear,whilecostsandexpensesfor2022arebudgeted
toincreasebyapproximately30%yearonyear.(IV)Potentialrisks
√Applicable□NotApplicable
ThemainrisksfacedbytheCompanyarepolicyandregulatoryrisks,marketcompetitionandHRrisks,andtechnologicalrisks.FinancialregulatorypoliciesontheonehandhaveasignificantimpactontheCompany'scustomers’businessdevelopment,inturnaffectingtheirdemandandrevenuesources,andontheotherhandmayaffecttheCompany'seffortstoinvestininnovativeproductsandtechnologies,inadditiontotheformulationandimplementationoftheCompany'sstrategies.TheCompany'sresponsetopolicyandregulatoryrisksisto“embraceregulation&secureinnovation”withafocusoncomplianceinitsconstruction,andstrictcontrolandpreventionofoperationalrisks.IntermsofmarketcompetitionandHRrisks,theCompanymainlyfacescompetitionfromnewmarketplayersintheindustry,suchasnichebusinesscompetitorsandtheFinTechsubsidiariesoftraditionalfinancialinstitutions.ThecompetitionforoutstandingFinTechtalentsmay,inparticular,adverselyaffecttheCompany'shumanresources.TheCompany'sresponsesincludestrengtheningnewproductresearchanddevelopment,improvingemployees’compensationlevels,thedevelopmentofasoundperformanceincentivesystemandtheestablishmentofamulti-tieredmediumandlong-termincentivesystem.
Intermsoftechnologicalrisks,duetotherapiddevelopmentofemergingtechnologytrends,suchasAI,blockchain,bigdataandcloudcomputing,theCompanyneedstokeepabreastoftechnologicaltrends,andmaintainingsufficientinvestmentinresearchanddevelopmentinordertoavoidlaggingbehind.TheCompany'sresponsesincludeactivelymonitoringcutting-edgetechnologies,improvingitsR&Dsystemandteam,andconductingtrainingonvariousnewtechnologies.(V)Others
□Applicable√NotApplicableVII.CIRCUMSTANCESOFANDREASONSFORTHECOMPANYFAILINGTOMAKE
DISCLOSURESINACCORDANCEWITHTHERELEVANTSTANDARDSFORSPECIAL
REASONS,SUCHASTHENON-APPLICABILITYOFSTANDARDS,STATESECRETSOR
TRADESECRETS
□Applicable√NotApplicable
SectionIVCorporateGovernanceI.EXPLANATIONOFCIRCUMSTANCESRELEVANTTOCORPORATEGOVERNANCE
√Applicable□NotApplicable
Throughobservingits"CustomerFirst,Integrity,Professionalism,Openness,Cooperation&ContinuousGrowth"corevaluesandupholdingitsmissionto"MakeFinanceEasy",Hundsuniscommittedtodevelopingintotheworld'sleadingFinTechcompany.Sinceitsestablishment,Hundsunhasbeenactivelyundertakingsocialresponsibilityasacorporatecitizenandcontinuouslypromotingbothitsownsustainabledevelopmentandthatofsociety.Inaccordancewiththerelevantnationallawsandregulations,andwithitsArticlesofAssociation,theCompanyhasdefinedtheorganizationalhierarchyoftheBoard&SupervisoryBoard,itsmanagement&internaldepartments,staffing,responsibilities&
authority,workingprocedures,andrelatedrequirements.TheCompanycontinuestoimproveitscorporategovernancestructure,standardizeitsoperationsandenhanceitscorporategovernanceinstrictaccordancewiththeprovisionsoftheCompanyLaw,SecuritiesLaw,RulesGoverningtheListingofStocksontheShanghaiStockExchangeandotherrelevantlawsandregulations,aswellastherequirementsofitsArticlesofAssociation,ProceduralRulesforShareholders'GeneralMeetings,ProceduralRulesforBoardMeetings,ProceduralRulesforSupervisors'Meetings,ManagementRulesforExternalGuarantees,ManagementRulesforInternalAuditandotherrulesandregulations.
(1)Shareholdersandshareholders'generalmeetings.DuringtheReportingPeriod,theCompanyheldfourshareholders'generalmeetingsintotal.Theconvening,holdingandvotingproceduresofthesemeetingswereinlinewiththeprovisionsoftheCompanyLawandtheCompany'sArticlesofAssociationandProceduralRulesforShareholders'GeneralMeetings,withlawyersattendingthemeetingsandissuinglegalopinionattestingtotheirlegality.TheCompanykeptcommunicationchannelswithitsshareholdersopen,treatedallshareholdersequally,andensuredthatshareholderscouldfullyexercisetheirrights,enjoyingtheirrighttobeinformedandtoparticipateindecision-makingonmajormatters.
(2)DirectorsandtheBoard.ThenumberandcompositionoftheCompany'sBoardmeetlegalandregulatoryrequirements,andtheDirectorsareallresponsibleanddiligent.Thereareatotalof11directors,includingfourindependentdirectors;twoaccountingexperts,onefinancialexpertandonelegalexpert(female).TheindependentdirectorsdonotholdpositionsintheCompanyotherthanasdirector,inaccordancewiththerelevantregulations.
DuringtheReportingPeriod,theCompanyheldsixboardmeetings,theconvening,holdingandvotingproceduresofwhichwereinlinewiththeprovisionsoftheCompanyLawandtheCompany'sArticlesofAssociationandProceduralRulesforBoardMeetings.TheBoardhasestablishedfourspecialcommittees,theStrategy&InvestmentCommittee,AuditCommittee,NominationCommittee,andRemuneration&EvaluationCommittee,andformulatedtermsofreferenceandimplementationrulesforeachcommitteedesignedtofullyleverageitsprofessionalstrengthsinordertoguaranteethelegitimacy,scientificnatureandcorrectnessoftheBoard’scollectivedecisionsandreducetheoperationalriskfacedbytheCompany.TheBoardisalwayseagertokeepuptodatewithdocumentsissuedbythePartyCentralCommitteeand,duringtheperiodduringwhichboardmeetingswereheld,basedontherecommendationsoftheCompany'sPartyCommittee,studieddocumentsrelatedtothe10
th
meetingoftheCentralCommitteeforFinancialandEconomicAffairsoftheCPCandtheImplementationPlanfortheHigh-QualityDevelopmentandConstructionofaDemonstrationZoneforCommonProsperityinZhejiang.
(3)SupervisorsandSupervisoryBoard.TheSupervisoryBoardconsistsofaChairmanandthreemembers,includingoneemployeesupervisor(female).DuringtheReportingPeriod,theCompanyheldfiveSupervisorymeetingsintotal,theconvening,holdingandvotingproceduresofwhichwereinlinewiththeprovisionsoftheCompanyLaw,theCompany'sArticlesofAssociationandProceduralRulesforSupervisors'Meetings.TheSupervisoryBoardwasabletoearnestlyperformitsdutiesandsupervisethelegitimacyandcomplianceoftheCompany'sDirectorsandSeniorManagementintheperformanceoftheirduties,safeguardingthelegitimaterightsandinterestsofShareholders.
(4)Informationdisclosureandtransparency.TheCompanyfulfillsitssocialresponsibilitiesmainlyviaensuringfaithful,accurate,timelyandcompletedisclosureofinformation.Instrictaccordancewiththe
regulationsrelatingtoinformationdisclosure,theCompanymakesfaithful,accurate,timelyandcompletedisclosuresintheformofperiodicreportsandinterimannouncements,payingspecialattentiontothedeliveryofmoreeffectiveinformationtomarketinvestors.
Sinceitslisting,theCompanyhasincreasedtheeffortsrelatingtothedevelopmentofitsinformationdisclosureregulations.Basedonactualworkingrequirements,andtherelevantCSRCandShanghaiStockExchangerequirements,theCompanyhasdevelopedaseriesofinformationdisclosureregulationsandmanagementmeasures,includingHundsun'sRegulationsonInformationDisclosure,Hundsun'sRegulationsonRegistrationofInsidersWhoHaveAccesstoInsiderInformation,Hundsun'sRegulationsonInternalReportingofSignificantInformation,andHundsun'sRegulationsontheManagementofExternalInformationReportingandUse.Theseregulationsensurethatalldepartmentsandpersonsinchargefulfilltheirrespectivedutiesandguaranteetheunimpededdisclosureofinformation.In2021,aseriesofrulesandguidelineswereissuedatregulatoryleveltoregulatetheoperationoftheCompanyandimprovecorporategovernance.TheCompanyorganizedstudyactivitiesinresponsetothepoliciesandregulationsissuedbytheCSRCandconductedindepthstudyofnewlyissuedorrevisedrulessuchastheMeasuresforAdministratingtheInformationDisclosureofListedCompanies,theRulesGoverningtheListingofStocksonShanghaiStockExchange,theCSRC’srelevantregulatoryguidelines,relevantself-regulatoryguidelinesissuedbytheShanghaiStockExchange,andsampleannualandsemi-annualreports.TheCompanyincreaseditsproactivityofinformationdisclosure,makingtimelyandcompletedisclosurestothemarketconcerningitsbusinessoperationsanddevelopmentstrategies,andensuredthattheinformationdisclosedwastrue,accurate,complete,concise,clearandcomprehensible.
(5)Investorrelationsmanagement.TheCompanyattachesimportancetoinvestorrelationsmanagementandhasformulateditsRegulationsonInvestorRelationsManagement.Itreceivesvisitsfromindividualinvestorsandinstitutionalinvestorsviaitsinvestorhotline,emailaddressopentoinvestors,andSSEE-Interactiveplatform,andmaintainsinvestorrelationshipsthroughparticipationinsecuritiescompanies’exchangesummits.DuringtheReportingPeriod,theCompanydirectlycommunicateditsstrategicplanninggoalsandconfidenceconcerningitsfuturesustainabledevelopmenttoinvestorsviaholdingits2020EarningsCommunicationConferenceand2021Semi-annualEarningsCommunicationConference,whichallowedinvestorstolearnmoreabouttheCompanyandmaintaineditsrelationshipwithinvestors.TheCompanystrengthenscommunicationwithinvestorsviainformationdisclosureandcommunication,increasinginvestors’knowledgeofandapprovalfortheCompany,enhancingcorporategovernance,maximizingitsoverallinterests,andprotectingthelegitimaterightsandinterestsofitsinvestors.Whethertherearematerialdifferencesbetweencorporategovernanceandtheprovisionsoflaws,administrativeregulationsandtheCSRConthegovernanceoflistedcompanies;ifso,thereasonsshouldbegiven
□Applicable√NotApplicableII.SPECIFICMEASURESTAKENBYTHECONTROLLINGSHAREHOLDERANDACTUAL
CONTROLLERTOENSURETHEINDEPENDENCEOFTHECOMPANY'SASSETS,
PERSONNEL,FINANCE,DEPARTMENTSANDBUSINESS,ASWELLASTHE
SOLUTIONS,WORKSCHEDULEANDFOLLOW-UPWORKPLANSAFFECTINGTHE
COMPANY’SINDEPENDENCE
□Applicable√NotApplicableWheretheControllingShareholder,theActualControllerandothercompaniesundertheircontrolareengagedinthesameorsimilarbusinessastheCompany,theimpactofhorizontalcompetitionorsignificantchangesinthehorizontalcompetitionfacingtheCompany,solutionsadopted,progressandfollow-upsolutions
□Applicable√NotApplicableIII.INTRODUCTIONTOSHAREHOLDERS'GENERALMEETING
| Sessionofmeeting | Date | Mediainwhichresolutionsweredisclosed | Dateofdisclosure | Resolutions |
| 2020annualgeneralmeeting | June3,2021 | www.sse.com.cn | June4,2021 | TheFullTextandSummaryofthe2020AnnualReport,the2020AnnualWorkReportoftheBoard,the2020AnnualWorkReportoftheSupervisoryCommittee,the2020AnnualFinalAccountingReport,theSelf-evaluationReportonInternalControlin2020,theProfitDistributionPlanfor2020,theProposalontheFurtherEmploymentofPan-ChinaCertifiedPublicAccountantsLLPanditsRemuneration,andtheProposalontheJointSubscriptionofNanjingXingdingEquityInvestmentPartnership(L.P.)bytheCompanyanditsAssociatedCorporationswereadoptedatthemeetingthroughdeliberation.DetailsoftheaboveresolutionsaresetoutintheCompany'sAnnouncementNo.2021-027. |
| 2021firstextraordinarygeneralmeeting | September14,2021 | www.sse.com.cn | September15,2021 | TheProposalontheRelatedTransactionofProvidingPerformanceGuaranteeofBusinessContractsfortheSubsidiaries,theProposalontheRelatedPartyTransactionsofJointInvestmentinHundsunHoldingsLimitedbytheCompanyanditsAssociatedCorporations,andtheProposalontheElectionofIndependentDirectorswereadoptedatthemeetingthroughdeliberation.DetailsoftheaboveresolutionsaresetoutintheCompany'sAnnouncementNo.2021-045. |
| 2021secondextraordinarygeneralmeeting | November16,2021 | www.sse.com.cn | November17,2021 | TheProposalonRevisingtheInvestmentandManagementMeasuresofKeyEmployeesBuyingSharesinHundsun'sInnovativeBusinessSubsidiariesandtheProposalontheElectionofSupervisorswereadoptedatthemeetingthroughdeliberation.DetailsoftheaboveresolutionsaresetoutintheCompany'sAnnouncementNo.2021-054. |
| 2021thirdextraordinarygeneralmeeting | December14,2021 | www.sse.com.cn | December15,2021 | TheProposalontheRelatedPartyTransactionsofIncreasingInvestmentintheSubsidiaryCloudwingNetworkandtheProposalontheElectionofDirectorswereadoptedatthemeetingthroughdeliberation.DetailsoftheaboveresolutionsaresetoutintheCompany'sAnnouncementNo.2021-062. |
Thepreferredshareholderswithresumedvotingrightsrequestforanextraordinarygeneralmeeting
□Applicable√NotApplicableInformationofShareholders’GeneralMeetings
√Applicable□NotApplicable
Alltheproposalswerenotrejectedbutadoptedattheabovegeneralmeetingsthroughdeliberation.Theconveningandholdingprocedures,thequalificationoftheconvener,thequalificationoftheattendeesandthevotingprocedureswereinlinewiththeprovisionsoftheCompanyLawandtheCompany'sArticlesofAssociation,andtheresolutionsmadeatthemeetingswerelegallyvalid.
IV.Directors,SupervisorsandSeniorManagement(I)ChangesinShareholdingandRemunerationofDirectors,SupervisorsandSeniorManagementCurrentlyinOfficeandResignedduringtheReportingPeriod
√Applicable□NotApplicable
Unit:share
| Name | Position(Note) | Gender | Age | Dateoftermcommencement | Dateoftermexpiration | Numberofsharesheldatthebeginningoftheyear | Numberofsharesheldattheendoftheyear | ChangeinsharesduringtheReportingPeriod | Reasons | Totalpre-taxremunerationreceivedfromtheCompanyduringtheReportingPeriod(RMB10,000) | WhethertoreceivecompensationfromrelatedpartiesoftheCompany |
| PengZhenggang | Chairman | Male | 53 | 2007-02-16 | 2022-04-18 | 11,518,000 | 15,000,000 | 3,482,000 | DecreaseinshareholdingsafterequitydistributionoftheCompanyin2020 | 454.49 | N |
| LiuShufeng | ViceChairmanandGeneralManager | Male | 52 | 2013-02-04 | 2022-04-18 | 8,667,435 | 12,134,409 | 3,466,974 | EquitydistributionoftheCompanyin2020 | 473.67 | N |
| JiangJiansheng | Director | Male | 51 | 2007-02-16 | 2022-04-18 | 19,871,806 | 27,820,528 | 7,948,722 | EquitydistributionoftheCompanyin2020 | 344.13 | N |
| JingXiandong | Director | Male | 50 | 2014-10-31 | 2022-04-18 | ||||||
| HanXinyi | Director | Male | 45 | 2016-02-03 | 2022-04-18 | ||||||
| HuXi | Director | Male | 41 | 2019-04-19 | 2021-11-27 | ||||||
| ZhuChao | Director | Male | 42 | 2019-04-19 | 2022-04-18 | ||||||
| YuBin | Director | Male | 45 | 2021-12-14 | 2022-04-18 | ||||||
| WangXiangyao | IndependentDirector | Male | 65 | 2020-04-21 | 2022-04-18 | 24.00 | |||||
| LiuXiaolun | IndependentDirector | Male | 50 | 2019-04-19 | 2022-04-18 | 24.00 | |||||
| LiuLanyu | IndependentDirector | Female | 56 | 2016-02-03 | 2022-04-18 | 24.00 | |||||
| DingWei | IndependentDirector | Male | 62 | 2021-09-14 | 2022-04-18 | 7.10 | |||||
| GuoTianyong | Independent | Male | 54 | 2019-04-19 | 2021-09-14 | 16.92 |
| Name | Position(Note) | Gender | Age | Dateoftermcommencement | Dateoftermexpiration | Numberofsharesheldatthebeginningoftheyear | Numberofsharesheldattheendoftheyear | ChangeinsharesduringtheReportingPeriod | Reasons | Totalpre-taxremunerationreceivedfromtheCompanyduringtheReportingPeriod(RMB10,000) | WhethertoreceivecompensationfromrelatedpartiesoftheCompany |
| Director | |||||||||||
| HuangChenli | ChairmanofSupervisoryCommittee | Male | 42 | 2016-02-03 | 2022-04-18 | ||||||
| ZhaoYing | Supervisor | Female | 49 | 2016-02-03 | 2021-10-29 | ||||||
| XieLijuan | Supervisor | Female | 40 | 2019-05-22 | 2022-04-18 | 69.51 | |||||
| FanJingwu | DeputyGeneralManager | Male | 51 | 2007-10-26 | 2022-04-18 | 908,629 | 1,272,080 | 363,451 | EquitydistributionoftheCompanyin2020 | 344.94 | N |
| GuanXiaolan | DeputyGeneralManager | Male | 51 | 2007-10-26 | 2022-04-18 | 1,745,264 | 2,153,329 | 408,065 | DecreaseinshareholdingsafterequitydistributionoftheCompanyin2020 | 274.44 | N |
| NiShouqi | DeputyGeneralManager | Male | 48 | 2014-01-22 | 2022-04-18 | 0 | 168.64 | N | |||
| TongChenghui | DeputyGeneralManager | Male | 50 | 2010-02-08 | 2022-04-18 | 151.10 | N | ||||
| FuMeiying | DeputyGeneralManager | Female | 67 | 2019-04-19 | 2022-04-18 | 0 | 221.58 | N | |||
| WangFeng | DeputyGeneralManager | Male | 45 | 2016-02-03 | 2022-04-18 | 0 | 190.14 | N | |||
| ZhangGuoqiang | DeputyGeneralManager | Male | 45 | 2016-02-03 | 2022-04-18 | 0 | 256.92 | N | |||
| ZhangYong | DeputyGeneralManager | Male | 45 | 2017-03-24 | 2022-04-18 | 0 | 256.31 | N | |||
| ZhouFeng | DeputyGeneralManager | Male | 59 | 2019-04-19 | 2022-04-18 | 0 | 147.70 | N | |||
| ZhangXiaodong | DeputyGeneralManager | Male | 54 | 2019-04-19 | 2022-04-18 | 169 | 237 | 68 | EquitydistributionoftheCompanyin2020 | 165.63 | N |
| YaoManying | HeadofFinance | Female | 47 | 2018-03-23 | 2022-04-18 | 0 | 98.31 | N | |||
| TuHaiyan | Secretaryofthe | Female | 52 | 2020-03-18 | 2022-04-18 | 0 | 89.35 | N |
| Name | Position(Note) | Gender | Age | Dateoftermcommencement | Dateoftermexpiration | Numberofsharesheldatthebeginningoftheyear | Numberofsharesheldattheendoftheyear | ChangeinsharesduringtheReportingPeriod | Reasons | Totalpre-taxremunerationreceivedfromtheCompanyduringtheReportingPeriod(RMB10,000) | WhethertoreceivecompensationfromrelatedpartiesoftheCompany |
| Board | |||||||||||
| Total | / | / | / | / | / | 42,711,303 | 58,380,583 | 15,669,280 | 3,802.88 | / |
Name
| Name | Majorworkexperience |
| PengZhenggang | oneoftheco-founderswhofoundedtheCompanyin1995andcurrentlyservesastheCompany’sChairman. |
| LiuShufeng | oneoftheco-founderswhofoundedtheCompanyin1995andcurrentlyservesastheCompany'sViceChairmanandGeneralManager |
| JiangJiansheng | oneoftheco-founderswhofoundedtheCompanyin1995andcurrentlyservesastheCompany'sExecutiveDirector |
| JingXiandong | theChairmanandCEOofAntTechnologyGroupCo.,Ltd. |
| HanXinyi | theCFOofAntTechnologyGroupCo.,Ltd.andthelegalrepresentativeofHangzhouHandsomeElectronicsGroupCo.,Ltd. |
| YuBin | theGeneralManagerofCTODigitalTechnologyDivisionofAntTechnologyGroupCo.,Ltd. |
| ZhuChao | theseniordirectorandheadoftheCorporateDevelopmentDepartmentofAntTechnologyGroupCo.,Ltd. |
| HuangChenli | theheadoftheCorporateFinanceDepartmentofAntTechnologyGroupCo.,Ltd. |
| ChenZhijie | thedirectoroftheInvestmentandCorporateDevelopmentDepartmentofAntTechnologyGroupCo.,Ltd. |
| DingWei | Bornin1960,hegraduatedfromtheFinanceDepartmentofRenminUniversityofChinain1982,studiedforadoctoraldegreeintheDepartmentofEconomicsoftheUniversityofTexasatAustinwiththeFulbrightscholarshipfrom1984to1987,andcompletedtheexecutivetrainingcourseatHarvardBusinessSchoolin1998.Withextensiveexperienceinbankingandfinance,heworkedfortheWorldBank,DeutscheBank,CICC,Temasekandotherorganizationsandinstitutions,iscurrentlythefounderandchairmanofBorunCapital,andhasbeenanindependentdirectoroftheCompanysinceSeptember2021. |
| WangXiangyao | Bornin1957,heisasenioraccountant,ChineseCPA,doctorofeconomics,accountingprofessor,anddoctoralsupervisor.HehaswonthefirstandsecondprizesoftheHigherTeachingAchievementAwardofZhejiangProvince,theOutstandingAchievementAwardofPhilosophyandSocialSciencesofZhejiangProvince,andmanyotherawards.HeisalsothedeputydirectoroftheAccountingStandardsProfessionalCommitteeoftheChineseAccountingAssociation,anacademicmemberoftheInternalAuditSociety,andanindependentdirectorofBeingMateCo.,Ltd.andtheCompany. |
| LiuXiaolun | Bornin1972,hehasaPh.D.inBusinessManagement(CorporateGovernance)andiscurrentlytheexecutivedirectoroftheInstituteofFinanceofBeijingNationalAccountingInstitute,theprofessorinchargeoftheriskmanagementandinternalcontrolprogram/ChinaFinancialIndustryCROTrainingProgram,andthesupervisorofmasterstudentsofBeijingNationalAccountingInstitute/TsinghuaUniversity/MinistryofFinanceAcademyofFinance.HewastheseniorauditorandseniorexperiencedauditorofPricewaterhouseCoopersandAndersen?HuaQiangCertifiedPublicAccountantandthefirstandseconddirectoroftheInstituteofAuditandRiskManagementoftheNationalAccountingInstituteandisalsoamemberofthe7thCommitteeonInternalControlStandardsofChinaAccountingSociety,amemberofthe8thFundamentalAccountingTheoryCommitteeofChinaAccountingSociety,anon-practicingmemberofCICPA,amemberoftheAssociationofCertifiedFraudExaminers(ACFE),andanhonorarymemberoftheInstituteofManagementAccountants(IMA). |
| LiuLanyu | Bornin1966,shehasamaster'sdegreeincivillawfromRenminUniversityofChina,andiscurrentlyalawyerofBeijingHaiyunLawFirmandamemberoftheFirstListingCommitteeandtheFirstM&AandCorporateRestructuringCommitteeoftheShenzhenStockExchangeGEM.Shehasbeenengagedinfinancialandsecuritieslegalservicesformanyyears,withasolidlegaltheoreticalfoundationandrichpracticalexperience. |
| XieLijuan | joinedtheCompanyin2010andiscurrentlythedirectoroftheCompany'sauditoffice. |
| FanJingwu | joinedtheCompanyin1996andiscurrentlytheDeputyGeneralManageroftheCompany |
| GuanXiaolan | joinedtheCompanyin1996andiscurrentlytheDeputyGeneralManageroftheCompany |
| NiShouqi | joinedtheCompanyin1998andiscurrentlytheDeputyGeneralManageroftheCompany |
| TongChenghui | joinedtheCompanyin2002andiscurrentlytheDeputyGeneralManageroftheCompany |
| FuMeiying | joinedtheCompanyin2000andiscurrentlytheDeputyGeneralManageroftheCompany |
| WangFeng | joinedtheCompanyin2001andiscurrentlytheDeputyGeneralManageroftheCompany |
| ZhangGuoqiang | joinedtheCompanyin1999andiscurrentlytheDeputyGeneralManageroftheCompany |
| ZhangYong | joinedtheCompanyin2004andiscurrentlytheDeputyGeneralManageroftheCompany |
| ZhouFeng | joinedtheCompanyin1999andiscurrentlytheDeputyGeneralManageroftheCompany |
| ZhangXiaodong | joinedtheCompanyin2000andiscurrentlytheDeputyGeneralManageroftheCompany |
| YaoManying | joinedtheCompanyin2000andiscurrentlytheHeadofFinanceoftheCompany. |
Otherinformation
□Applicable√NotApplicable
(II)PositionsofDirectors,SupervisorsandSeniorManagementCurrentlyinOfficeandResignedduringtheReportingPeriod
1.PositionintheShareholder'sEntity
√Applicable□NotApplicable
| Nameofofficer | NameoftheShareholder'sentity | PositionintheShareholder'sentity | Dateoftermcommencement | Dateoftermexpiration |
| HanXinyi | HangzhouHundsunElectronicsGroupCo.,Ltd. | ExecutiveDirector,GeneralManager,andLegalRepresentative | September10,2018 | |
| Explanationonpositionintheshareholder'sentity | None | |||
(III)CompensationofDirectors,SupervisorsandSeniorManagement
√Applicable□NotApplicable
| Decision-makingprocessofcompensationofDirectors,SupervisorsandSeniorManagement | DuringtheReportingPeriod,theremunerationofDirectors,SupervisorsandSeniorManagementwhoreceiveremunerationfromtheCompanyisdeterminedinaccordancewiththeregulationsonremunerationassessmentestablishedbytheCompany. |
| BasisfordeterminingtheremunerationofDirectors,SupervisorsandSeniorManagement | BasedonthewagebaseandappraisalprinciplesdeterminedbytheBoard,annualremunerationispaidbasedontheresultsoftheannualperformanceappraisal. |
| ActualpaymentofremunerationtoDirectors,SupervisorsandSeniorManagement | PleaserefertoSection"ChangesinShareholdingandRemunerationofDirectors,SupervisorsandSeniorManagementCurrentlyinOfficeandResignedduringtheReportingPeriod"fordetails |
| TotalpaymentofremunerationbeforetaxtoDirectors,SupervisorsandSeniorManagementasattheendoftheReportingPeriod | Seenotesfordetails |
(IV)ChangeofDirectors,SupervisorsandSeniorManagementoftheCompany
√Applicable□NotApplicable
| Name | Position | Changes | Reasons |
| HuXi | Director | Resigned | Jobtransfer |
| YuBin | Director | Elected | By-election |
| ZhaoYing | Supervisor | Resigned | Jobtransfer |
| ChenZhijie | Supervisor | Elected | By-election |
| GuoTianyong | IndependentDirector | Resigned | Termexpires |
| DingWei | IndependentDirector | Elected | By-election |
(V)DetailsofFinesImposedbySecuritiesRegulatoryBodiesInthePastThreeYears
□Applicable√NotApplicable(VI)Others
□Applicable√NotApplicableV.BOARDMEETINGSHELDDURINGTHEREPORTINGPERIOD
| Sessionofmeeting | Date | Resolutions |
| 16thmeetingoftheSeventhBoard | March18,2021 | TheProposalonProvisionforImpairmentofAssets,theProposalonFinancialAssistancetoSubsidiariesandRelatedPartyTransactions,theProposalontheApplicationforComprehensiveCreditLinefor2021,andtheProposalonRelatedPartyTransactionsConcerningDailyOperationsExpectedin2021wereadoptedatthemeetingthroughdeliberation.DetailsoftheaboveresolutionsaresetoutintheCompany'sAnnouncementNo.2021-008. |
| 17thmeetingofthe | April23,2021 | TheFullTextandSummaryofthe2020AnnualReport,theWorkReportof |
| Sessionofmeeting | Date | Resolutions |
| SeventhBoard | GeneralManagersin2020,the2020AnnualWorkReportoftheBoard,the2020AnnualFinalAccountingReport,the2020AnnualWorkReportoftheAuditCommittee,the2020AnnualWorkReportoftheRemunerationandEvaluationCommittee,the2020AnnualWorkReportoftheStrategyandInvestmentCommittee,the2020AnnualWorkReportoftheNominationsCommittee,theSelf-evaluationReportonInternalControlin2020,theProposalontheFurtherEmploymentofPan-ChinaCertifiedPublicAccountantsLLPanditsRemuneration,theProfitDistributionPlanfor2020,the2020SocialResponsibilityReportofHundsun,theProposalontheJointSubscriptionofXingdingFundbytheCompanyanditsAssociatedCorporations,theProposalontheApplicationforBankLoanCreditfortheHundsunCloudProductionBaseProjectPhaseII,theProposalontheBy-electionofMembersofRelevantSpecialCommitteesoftheBoardandtheProposalontheRequestforConveningtheShareholders'GeneralMeetingsfor2020wereadoptedatthemeetingthroughdeliberation.DetailsoftheaboveresolutionsaresetoutintheCompany'sAnnouncementNo.2021-018. | |
| 18thmeetingoftheSeventhBoard | April27,2021 | TheFirstQuarterlyReportof2021andtheQ1WorkReportofGeneralManagersin2020wereadoptedatthemeetingthroughdeliberation.DetailsoftheaboveresolutionsaresetoutintheCompany'sAnnouncementNo.2021-024. |
| 19thmeetingoftheSeventhBoard | August24,2021 | TheFullTextandSummaryofthe2021Semi-annualReport,the2020Semi-annualWorkReportofGeneralManagersin2020,theProposalontheRelatedTransactionofProvidingPerformanceGuaranteeofBusinessContractsfortheSubsidiaries,theProposalontheRelatedPartyTransactionsofJointInvestmentinHundsunHoldingsLimitedbytheCompanyanditsAssociatedCorporations,theProposalonIncreasingConstructionBudgetfortheHundsunCloudProductionBaseProjectPhaseII,theProposalontheNominationofCandidatesforIndependentDirectorsandtheProposalontheRequestforConveningtheFirstExtraordinaryGeneralMeetingofShareholdersfor2021wereadoptedatthemeetingthroughdeliberation.DetailsoftheaboveresolutionsaresetoutintheCompany'sAnnouncementNo.2021-037. |
| 20thmeetingoftheSeventhBoard | October27,2021 | TheThirdQuarterlyReportof2021,theQ3WorkReportofGeneralManagersin2021,theProposalonRevisingtheInvestmentandManagementMeasuresofKeyEmployeesBuyingSharesinHundsun'sInnovativeBusinessSubsidiaries,theProposalonRevisingtheImplementationMeasuresofEmployeeStockOwnershipSchemeofHundsun'sInnovativeBusinessSubsidiaries,theProposalonRelatedPartyTransactionsofIncreasingInvestmentintheSubsidiary(HundsuniBontal),theProposalonBy-electionofMembersofRelevantSpecialCommitteesoftheBoard,andtheProposalontheRequestforConveningtheSecondExtraordinaryGeneralMeetingofShareholdersfor2021wereadoptedatthemeetingthroughdeliberation.DetailsoftheaboveresolutionsaresetoutintheCompany'sAnnouncementNo.2021-047. |
| 21stmeetingoftheSeventhBoard | November26,2021 | TheProposalontheIncreaseofLoanLimitforthePhaseIIProjectofHundsunFinancialCloudBase,theProposalontheNominationofCandidatesforDirectors,theProposalontheAcquisitionofSummitBusinessofFinastrabytheCompany'sSubsidiaryCloudwingNetwork,theProposalontheRelatedPartyTransactionsofIncreasingInvestmentintheSubsidiaryCloudwingNetwork,andtheProposalontheRequestforConveningtheThirdExtraordinaryGeneralMeetingofShareholdersfor2021wereadoptedatthemeetingthroughdeliberation.DetailsoftheaboveresolutionsaresetoutintheCompany'sAnnouncementNo.2021-056. |
VI.THEPERFORMANCEOFDIRECTORS'DUTIES(I)TheAttendanceofDirectorsatBoardMeetingsandGeneralMeetings
| DirectorName | Independentdirectorornot | AttendanceatBoardmeetings | Attendanceatgeneralmeetings |
| NumberofBoardmeetingstobeattendedthisyear | Numberofmeetingsattendedinperson | Numberofmeetingsattendedbywayoftelecommunication | Numberofmeetingsattendedbyproxy | NumberofAbsence | TwoconsecutiveBoardmeetingsnotattendedinpersonornot | Numberofgeneralmeetingsattended | ||
| PengZhenggang | N | 6 | 6 | 3 | 0 | 0 | N | 2 |
| LiuShufeng | N | 6 | 6 | 3 | 0 | 0 | N | 4 |
| JiangJiansheng | N | 6 | 6 | 3 | 0 | 0 | N | 4 |
| JingXiandong | N | 6 | 6 | 3 | 0 | 0 | N | 0 |
| HanXinyi | N | 6 | 6 | 3 | 0 | 0 | N | 0 |
| HuXi | N | 6 | 6 | 3 | 0 | 0 | N | 0 |
| ZhuChao | N | 6 | 6 | 3 | 0 | 0 | N | 0 |
| YuBin | N | 0 | 0 | 0 | 0 | 0 | N | 0 |
| GuoTianyong | Yes | 4 | 4 | 2 | 0 | 0 | N | 0 |
| WangXiangyao | Yes | 6 | 6 | 3 | 0 | 0 | N | 2 |
| LiuXiaolun | Yes | 6 | 6 | 3 | 0 | 0 | N | 0 |
| LiuLanyu | Yes | 6 | 6 | 3 | 0 | 0 | N | 0 |
| DingWei | Yes | 2 | 2 | 1 | 0 | 0 | N | 0 |
Note:OnDecember14,2021,DirectorYuBinwaselectedatthegeneralmeetingthroughdeliberation,andafterthat,noBoardmeetingwasheldbytheCompanyuntiltheendof2021.Explanationonnon-attendanceinpersonbyDirectorsattwoconsecutiveBoardmeetings
□Applicable√NotApplicable
| NumberofBoardmeetingsheldduringtheyear | 6 |
| Including:Numberofon-sitemeetings | 0 |
| Numberofmeetingsheldbywayoftelecommunication | 3 |
| Numberofmeetingsheldbyacombinationofon-siteandtelecommunication | 3 |
(II)ObjectiontoRelatedMattersoftheCompanybyIndependentDirectors
□Applicable√NotApplicable(III)Others
□Applicable√NotApplicableVII.SPECIALCOMMITTEESUNDERTHEBOARD
√Applicable□NotApplicable
(1)MembershipofspecialcommitteesundertheBoard
| Nameofspecialcommittee | Membername |
| AuditCommittee | LiuXiaolun,ZhuChao,DingWei,WangXiangyao,JiangJiansheng |
| NominationsCommittee | DingWei,JiangJiansheng,andLiuLanyu |
| RemunerationandEvaluationCommittee | WangXiangyao,JingXiandong,LiuLanyu,LiuXiaolun,andJiangJiansheng |
| StrategyCommittee | PengZhenggang,JingXiandong,HanXinyi,LiuShufeng,andJiangJiansheng |
(2)TheStrategyCommitteeheldonemeetingduringtheReportingPeriod
| Date | Meetingcontent | Importantcommentsandsuggestions | Otherperformanceofduties |
| April23,2021 | Todeliberatethe2020AnnualWorkReportoftheStrategyandInvestmentCommittee | TheattendingmembersadoptedtheProposalthroughseriousdiscussionanddeliberationandagreedtosubmittheProposalstotheBoardfordeliberation. |
(3)TheAuditCommitteeheldsixmeetingsduringtheReportingPeriod
| Date | Meetingcontent | Importantcommentsandsuggestions | Otherperformanceofduties |
| March8,2021 | 1.TodeliberatetheProposalonProvisionforImpairmentofAssets;2.TodeliberatetheProposalonFinancialAssistancetoSubsidiariesandRelatedPartyTransactions;3.TodeliberatetheProposalonRelatedPartyTransactionsConcerningDailyOperationsExpectedin2021 | TheattendingmembersadoptedtheProposalthroughseriousdiscussionanddeliberationandagreedtosubmittheProposalstotheBoardfordeliberation. | |
| April22,2021 | 1.TodeliberatetheFullTextandSummaryofthe2020AnnualReport;2.TodeliberatetheSelf-evaluationReportonInternalControlin2020;3.TodeliberatetheProposalontheFurtherEmploymentofPan-ChinaCertifiedPublicAccountantsLLPanditsRemuneration;4.TodeliberatetheProfitDistributionPlanfor2020;5.TodeliberatetheProposalontheJointSubscriptionofXingdingFundbytheCompanyanditsAssociatedCorporations | TheattendingmembersadoptedtheProposalthroughseriousdiscussionanddeliberationandagreedtosubmittheProposalstotheBoardfordeliberation. | |
| April27,2021 | 1.TodeliberatetheFirstQuarterlyReportof2021 | TheattendingmembersadoptedtheProposalthroughseriousdiscussionanddeliberationandagreedtosubmittheProposalstotheBoardfordeliberation. | |
| August24,2021 | 1.TodeliberatetheFullTextandSummaryofthe2021Semi-AnnualReport;2.TodeliberatetheProposalontheRelatedTransactionofProvidingPerformanceGuaranteeofBusinessContractsfortheSubsidiaries;3.TodeliberatetheProposalontheRelatedPartyTransactionsofJointInvestmentinHundsunHoldingsLimitedbytheCompanyanditsAssociatedCorporations | TheattendingmembersadoptedtheProposalthroughseriousdiscussionanddeliberationandagreedtosubmittheProposalstotheBoardfordeliberation. | |
| October15,2021 | 1.TodeliberatetheThirdQuarterlyReportof2021;2.TodeliberatetheProposalonRelatedPartyTransactionsofIncreasingInvestmentintheSubsidiary(HundsuniBontal) | TheattendingmembersadoptedtheProposalthroughseriousdiscussionanddeliberationandagreedtosubmittheProposalstotheBoardfordeliberation. | |
| November22,2021 | 1.TodeliberatetheProposalontheRelatedPartyTransactionsofIncreasingInvestmentintheSubsidiaryCloudwingNetwork | TheattendingmembersadoptedtheProposalthroughseriousdiscussionanddeliberationandagreedtosubmittheProposalstotheBoardfordeliberation. |
(4)TheRemunerationandEvaluationCommitteeheldonemeetingduringtheReportingPeriod
| Date | Meetingcontent | Importantcommentsandsuggestions | Otherperformanceofduties |
| April23,2021 | The2020AnnualWorkReportoftheRemunerationandEvaluationCommitteewasadoptedatthemeetingthroughdeliberation. | TheattendingmembersadoptedtheProposalthroughseriousdiscussionanddeliberationandagreedtosubmittheProposalstotheBoardfordeliberation. |
(5)TheNominationsCommitteeheldtwomeetingsduringtheReportingPeriod
| Date | Meetingcontent | Importantcommentsandsuggestions | Otherperformanceofduties |
| August13,2021 | TodeliberatetheProposalontheNominationofCandidatesforIndependentDirectors | TheattendingmembersadoptedtheProposalthroughseriousdiscussionanddeliberationandagreedtosubmittheProposalstotheBoardfordeliberation. | |
| November22,2021 | TodeliberatetheProposalontheNominationofCandidatesforDirectors | TheattendingmembersadoptedtheProposalthroughseriousdiscussionanddeliberationandagreedtosubmittheProposalstotheBoardfordeliberation. |
(6)Detailsofmattersinquestion
□Applicable√NotApplicableVIII.EXPLANATIONONEXISTENCEOFRISKSDISCOVEREDBYTHESUPERVISORY
COMMITTEE
□Applicable√NotApplicableTheSupervisoryCommitteehadnoobjectiontothematterssupervisedduringtheReportingPeriod.IX.EMPLOYEESOFTHEPARENTCOMPANYANDMAINSUBSIDIARIESATTHEENDOFTHEREPORTINGPERIOD(I)Employees
| Numberofemployeesintheparentcompany | 8,329 |
| Numberofemployeesinmainsubsidiaries | 4,981 |
| Totalnumberofemployeesonjob | 13,310 |
| Numberoftheretiredstaffwithexpensesbornebytheparentcompanyandmainsubsidiaries | |
| Professions | |
| Typeofprofessions | Numberofemployees |
| On-siteimplementation | 1,413 |
| Producttechnology | 8,659 |
| Marketingandsales | 369 |
| Functionalmanagement | 499 |
| Customerservices | 2,370 |
| Total | 13,310 |
| Levelofeducation | |
| Levelofeducation | Numberofemployees |
| Master'sdegreeandabove | 1,418 |
| Bachelor'sDegree | 10,671 |
| Juniorcollegeandbelow | 1,221 |
| Total | 13,310 |
(II)RemunerationPolicy
√Applicable□NotApplicable
TheremunerationoftheCompany’semployeesincludessalaries,bonusesandotherbenefitplans.IncompliancewithrelevantPRClawsandregulations,theCompanyimplementsdifferentremunerationstandardsfordifferentemployeesbasedontheirpositions,abilities,performanceandotherfactors.(III)TrainingPlan
√Applicable□NotApplicable
TheCompanyfocusesonimprovingtheoverallqualityoftheworkforceandformulatestalentstrainingplansaccordingtothedevelopmentneedsofvarioustalentssothattheCompany’smanagementlevelandhumanresourcescanbecontinuouslyimproved.(IV)LaborOutsourcing
√Applicable□NotApplicable
| Totalhoursoutsourcing | 14,456.96hourspercapitapermonth |
| Totalpaymentforlaboroutsourcing | RMB244,772,575.11 |
X.PLANFORPROFITDISTRIBUTIONORCONVERSIONOFCOMMONRESERVEFUND
INTOSHARECAPITAL(I)Formulation,ImplementationorAdjustmenttotheCashDividendPolicy
√Applicable□NotApplicable
DuringtheReportingPeriod,theCompanyimplementedtheProfitDistributionPlanfor2020.OnJuly12,2021,theCompanydisclosedtheAnnouncementontheImplementationoftheDividendDistributionPlanfor2020,withaspecificdistributionplanofacashdividendofRMB0.1pershareand0.4bonussharespershare.Astheactualnumberofsharesforprofitdistributionwas1,043,674,314,thetotalcashdividenddistributedbytheCompanywasRMB104,367,431.4(includingtax)andthenumberofbonussharesdistributedwas417,469,726.TheCompanyhad1,461,560,480sharesoutstandingafterthesharedistribution.(II)SpecialExplanationonCashDividendPolicy
√Applicable□NotApplicable
| WhetheritcomplieswiththeprovisionsoftheArticlesofAssociationortherequirementsofresolutionsofthegeneralmeetings | √Yes□No |
| Whetherthedividendstandardandproportionarewelldefinedandclear | √Yes□No |
| Whethertherelevantdecision-makingproceduresandmechanismsarecompleteandsound; | √Yes□No |
| WhethertheIndependentDirectorshaveperformedtheirdutiesandplayedtheirdueroles | √Yes□No |
| Whethertheminorityshareholdershavetheopportunitytofullyexpresstheiropinionsanddemandsandwhethertheirlegitimaterightsandinterestsarefullyprotected | √Yes□No |
(III)IftheCompanywasProfitableduringtheReportingPeriodandtheParentRecordedProfits
DistributabletotheShareholders,butNoCashProfitDistributionPlanwasProposed,the
CompanyshallDiscloseinDetailtheReasonsforNon-DistributionasWellastheUseand
FuturePlansoftheUndistributedProfits
□Applicable√NotApplicableXI.THECOMPANY'SEQUITYINCENTIVESCHEME,EMPLOYEESTOCKOWNERSHIP
SCHEMEOROTHEREMPLOYEEINCENTIVESANDTHEIMPACTTHEREOF(I)IncentivesDisclosedintheTemporaryAnnouncementsandwithoutProgressorChangesin
SubsequentImplementation
√Applicable□NotApplicable
| Summaryofevents | Enquiryindex |
| AnnouncementontheCompletionofNon-tradeStockTransferunderthe | AnnouncementNo.2021-031www.sse.com.cn |
| 2020EmployeeStockOwnershipScheme | |
| AnnouncementofResolutionsoftheFirstHolders'Meetingunderthe2020EmployeeStockOwnershipScheme | AnnouncementNo.2021-034www.sse.com.cn |
(II)IncentivesUndisclosedinTemporaryAnnouncementsorwithProgressinSubsequent
ImplementationEquityincentives
□Applicable√NotApplicableOthernotes
□Applicable√NotApplicableEmployeeStockOwnershipScheme
□Applicable√NotApplicableOtherincentives
□Applicable√NotApplicable(III)EquityIncentivesGrantedtoDirectorsandSeniorManagementduringtheReportingPeriod
□Applicable√NotApplicable(IV)EstablishmentandImplementationofAppraisalMechanismandIncentiveMechanismfor
SeniorManagementduringtheReportingPeriod
□Applicable√NotApplicableXII.EstablishmentandImplementationofInternalControlSystemduringtheReportingperiod
√Applicable□NotApplicableFordetails,pleaserefertotheCompany'sInternalControlSelf-assessmentReport2021asdisclosedonthewebsiteoftheShanghaiStockExchangeatwww.sse.com.cn.ExplanationonSignificantDeficienciesinInternalControlDuringtheReportingPeriod
□Applicable√NotApplicableXIII.MANAGEMENTCONTROLOVERTHESUBSIDIARIESDURINGTHEREPORTINGPERIOD
√Applicable□NotApplicableAccordingtotheCompanyLaw,theArticlesofAssociationandotherrelevantlaws,regulationsandrules,aswellastheprovisionsoftheManagementRulesforSubsidiariesofManagementRules,theCompanyguided,managedandsuperviseditssubsidiaries,andexplicitlyrequiredthesubsidiariestooperateinastandardizedmanner,tomakefinancialmanagementandoperationdecisionsincompliance,toextendtheireffortsinreportingrelatedpartytransactions,externalguarantees,foreigninvestmentsandotherimportantmatterstotheCompanyinadvance,andtostrengthenthecollaborativemanagementof
technology,researchanddevelopment,salesandotheraspectstojointlysafeguardtheCompany'srightsandinterests.DuringtheReportingPeriod,HundsunLirong,HundsuniBontal,DworldAIandGenus-FinancebecametheCompany'ssubsidiaries.Thedetailsareasfollows.Genus-Finance.AftercompletingthemergerandacquisitionofGenus-Finance,theCompanyincorporatedthissubsidiary'sHR,financeandinformationconstructiondepartmentsintoitsunifiedcontrolsystem,speciallyassignedpersonstotakechargeofthesedepartments,andintegratedthissubsidiary'sbusinessesintoitsassetmanagementbusinesstomakebusinesscooperationwithotherdepartments.Thankstothesmoothintegrationprocess,Genus-Financeisnowoperatingnormally.DworldAI.AftercompletingthemergerandacquisitionofDworldAI,theCompanyincorporatedthissubsidiary'sHR,financeandinformationconstructiondepartmentsintoitsunifiedcontrolsystem,speciallyassignedpersonstotakechargeofthesedepartments,andintegratedthissubsidiary'sbusinessesintoitsmanagementofdatariskandinfrastructurebusinesscommitteetomakebusinesscooperationwithanothersubsidiaryGildata.Thankstothesmoothintegrationprocess,DworldAIisnowoperatingnormally.HundsunLirong.BecausethebusinessesandcustomersofCloudwingNetworkandHundsunLirongoverlaptosomeextent,CloudwingNetworkhadacquired76.01%sharesofHundsunLirongheldbyHundsunElectronics,soastoeliminateinternalcompetitionandtoshareandintegratetheassets,business,HR,financialandotherresourcesofthetwosubsidiaries.HundsuniBontal.AftercompletingthemergerandacquisitionofHundsuniBontal,theCompanyappointedthechairmanofthissubsidiary,speciallyassignedpersonstotakechargeofrelevantdepartments,andintegratedthissubsidiary'sHRmanagement,financialmanagement,marketcontractmanagementandinformationsynergymanagementintothecontrolsystemoftheparentcompany.TheCompanyalsosuccessfullyintroducednewstrategicinvestorstothissubsidiaryandmadeabreakthroughintheR&Dofcorelifeinsurancesystemsandmarketexploitation.Throughoneyearofintegration,HundsuniBontalisnowoperatingitsmarketexploitationandvariousbusinesseswell.XIV.INFORMATIONONAUDITREPORTOFINTERNALCONTROL
√Applicable□NotApplicableWhetherornottodisclosetheauditreportofinternalcontrol:YesTypeofopinionontheauditreportoninternalcontrol:StandardunqualifiedopinionXV.RECTIFICATIONOFPROBLEMSIDENTIFIEDINTHESELF-INSPECTIONOVERTHE
COMPANY'SSPECIALGOVERNANCEMEASURESTheCompanyhadrectifiedseveralproblemsidentifiedintheself-inspectioninatargetedmanner.Atpresent,thereisonlytheproblemofrequiringIndependentDirectorstoworkonthespot,whichcannotberectifiedtemporarilyduetotheCOVID-19epidemic.XVI.Others
□Applicable√NotApplicable
SectionVEnvironmentalandSocialResponsibilityI.ENVIRONMENTALINFORMATION(I)ExplanationonEnvironmentalProtectionofCompaniesandTheirSignificantSubsidiaries
ClassifiedastheKeyPollutantDischargingEntitiesAnnouncedbytheEnvironmentalProtectionDepartment
□Applicable√NotApplicable(II)EnvironmentalProtectionoftheCompaniesOtherthanKeyPollutantDischargingEntities
√Applicable□NotApplicable
1.Administrativepenaltiesimposedforenvironmentalproblems
□Applicable√NotApplicable
2.Disclosureofotherenvironmentalinformationwithreferencetokeypollutantdischargingentities
√Applicable□NotApplicable
TheCompanyismainlyengagedinprovidingsoftwareproductsandservicestodomesticfinancialinstitutions,inwhichtheresourcesusedaremainlyhumanresources,andtheproductsproducedaremainlysoftware,systems,dataandvariousplatformservices,sothereisalmostnoenvironmentalpollution.
3.Reasonsforfailuretodiscloseotherenvironmentalinformation
□Applicable√NotApplicable(III)Relevantinformationthatisconducivetoecologicalprotection,pollutionpreventionand
environmentalresponsibilityfulfillment
□Applicable√NotApplicable(V)MeasurestakentoreducecarbonemissionsduringtheReportingPeriodandtheireffectiveness
□Applicable√NotApplicableII.SOCIALRESPONSIBILITY
√Applicable□NotApplicable
Fordetails,pleaserefertotheEnvironmental,SocialandGovernance(ESG)ReportandCorporateSocialResponsibilityReportoftheCompanyasdisclosedonthewebsiteoftheShanghaiStockExchangeatwww.sse.com.cn.III.DETAILSONTHECOMPANYCONSOLIDATINGANDEXPANDINGITS
ACHIEVEMENTSINPOVERTYALLEVIATIONANDRURALREVITALIZATION
√Applicable□NotApplicable
In2021,theCompanyparticipatedinthepovertyalleviationbydevelopingindustriesandeducationdevelopmentprojectoftheHenanProvenceFoundationforPovertyAlleviation(HNFPA)inLuochen
Village,GuangshanCounty,donatededucationalresourcestothepovertyalleviationprojectofin-serviceteachersinYufengPrimarySchool,providedassistanceintheconstructionofreadingroomsinimpoverishedmountainousschoolsinSichuanProvince,participatedintheeducationalpovertyalleviationandeducationassistanceprojectofZhanleiPrimarySchoolinLeshanCounty,GuizhouProvince,andsubsidizedvariousneedyfamilies,withatotalinvestmentofapproximatelyRMB840,000.
SectionVISignificantEventsI.PERFORMANCEOFCOMMITMENTS(I)CommitmentsoftheActualController,Shareholders,RelatedParties,AcquiringPartiesofthe
CompanyandtheCompanyandOtherPartiesInvolvedDuringtheReportingPeriodorSubsistingtotheReportingPeriod
□Applicable√NotApplicable(II)IftheCompanyHasMadeaProfitForecastastoItsAssetsorProjects,andtheReporting
PeriodiswithintheProfitEstimatePeriod,theCompany’sExplanationonwhetherItsAssetsorProjectsMeetItsPreviousProfitForecastandtheReasons
□Meet□Notmeet√NotApplicable(III)FulfillmentofthePerformanceCommitmentandItsImpactontheGoodwillImpairmentTest
□Applicable√NotApplicableII.FUNDSFORPURPOSESOTHERTHANFORBUSINESSMISAPPROPRIATEDBYTHE
CONTROLLINGSHAREHOLDERSANDOTHERRELATEDPARTIESDURINGTHEREPORTINGPERIOD
□Applicable√NotApplicableIII.ILLEGALGUARANTEE
□Applicable√NotApplicableIV.THECOMPANY'SNOTESONTHE"NON-STANDARDOPINIONAUDITREPORT"OFACCOUNTINGFIRMS
□Applicable√NotApplicableV.ANALYSISANDEXPLANATIONOFTHEREASONSFORANDEFFECTSOFCHANGESINTHEACCOUNTINGPOLICIESANDACCOUNTINGESTIMATESOFTHECOMPANYORREMEDIESFORMAJORACCOUNTINGERRORS(I)ExplanationsoftheCompanyontheReasonsforandEffectsofChangesintheAccounting
PoliciesandAccountingEstimates
√Applicable□NotApplicable
1.Changesinsignificantaccountingpolicies
(1)ChangesinaccountingpoliciescausedbychangesintheAccountingStandardsforBusinessEnterprises
1)TheCompanyimplementedtherevisedAccountingStandardsforBusinessEnterprisesNo.
21-Leases(hereinafterreferredtoasthenewleasestandards)fromJanuary1,2021(hereinafterreferredtoastheFirstImplementationDate).
①ForcontractsthatexistedbeforetheFirstImplementationDate,theCompanychosenottoreassesswhetherthesecontractsareleasecontractsorcontractscontainingprovisionsonleases.
②ForleasesinwhichtheCompanywasthelessee,theCompanyadjustedtheretainedearningsandtheamountofotherrelevantitemsinfinancialstatementsatthebeginningoftheReportingPeriodwithregardtothecumulativeimpactofapplyingthenewleasestandardsandthepreviousstandardsontheFirstImplementationDate,withoutadjustingtheitemsduringcomparableperiods.Thespecificprocessisasfollows.
ForoperatingleasesbeforetheFirstImplementationDate,theCompanymeasuredtheleaseliabilitiesontheFirstImplementationDatebasedonthepresentvalueoftheremainingleasepaymentsdiscountedattheCompany'sincrementalborrowingrateasoftheFirstImplementationDate,andmeasuredtheright-of-useassetsbythecarryingvalueobtainedasiftheCompanyadoptedthenewleasestandardsfromthecommencementdateoftheleaseterm(discountedattheCompany'sincrementalborrowingrateasoftheFirstImplementationDate)andtheproperlyadjustedadvancerentalpayments.
OntheFirstImplementationDate,theCompanyconductedanimpairmenttestontheright-of-useassetsandcarriesoutcorrespondingaccountinginaccordancewiththeprovisionsofNoteV(30)tothefinancialstatements.
A.TheprincipaleffectsoftheimplementationofthenewleasestandardsontheCompany'sfinancialstatementsasofJanuary1,2021areasfollows.
| Item | BalanceSheet | ||
| December31,2020 | Adjustmenteffectsofnewleasestandards | January1,2021 | |
| Right-of-useassets | 10,271,192.32 | 10,271,192.32 | |
| Prepayments | 9,007,186.01 | -834,932.30 | 8,172,253.71 |
| Leaseliabilities | 2,654,639.37 | 2,654,639.37 | |
| Currentportionofnon-currentliabilities | 7,111,829.18 | 7,111,829.18 | |
| Provisionforliabilities | 12,147,826.09 | 100,000.00 | 12,247,826.09 |
| Surplusreserve | 195,947,299.77 | -4,502.28 | 195,942,797.49 |
| Undistributedprofits | 2,893,625,565.93 | -291,827.99 | 2,893,333,737.94 |
| Minorityinterests | 483,731,488.14 | -133,878.26 | 483,597,609.88 |
B.TheweightedaverageoftheCompany'sincrementalborrowingratesusedforleaseliabilitieschargedtotheBalanceSheetontheFirstImplementationDatewas4.71%.
C.OperatingleasesbeforetheFirstImplementationDateweresimplified
a.TheCompanysimplifiedleasesthathadbeencompletedwithin12monthsaftertheFirstImplementationDate,withright-of-useassetsandleaseliabilitiesnotrecognized.
b.TheCompanyadoptedthesamediscountrateforleasecontractswithsimilarcharacteristicswhenmeasuringtheleaseliabilities.
c.Noinitialdirectcostswereincludedinthemeasurementofright-to-useassets.
d.TheCompanydeterminedthetermoftheleasebasedontheactualexerciseoftherenewaloptionorterminationoptionbeforetheFirstImplementationDateandotherupdates.
e.Asanalternativetotheimpairmenttestoftheright-of-useassets,theCompanyassessedwhetherthecontractscontainingprovisionsonleaseswereonerouscontractsbeforetheFirstImplementationDateinaccordancewiththeAccountingStandardsforBusinessEnterprisesNo.13–Contingencies,andadjustedtheright-of-useassetsbytheamountoftheprovisionforlosseschargedonthebalancesheetdatebeforetheFirstImplementationDate.f.IncaseofanychangesinleasesbeforetheFirstImplementationDate,theCompanycarriedoutaccountingbasedonthefinalarrangementofthechangesinleases.ThesimplificationsabovehadnosignificantimpactontheCompany'sfinancialstatements.
③TheCompanysimplifiedoperatingleasecontractswithlow-valueassetsthatexistedbeforetheFirstImplementationDate,withtheright-of-useassetsandleaseliabilitiesnotrecognized,andcarriedoutaccountinginaccordancewiththenewleasestandardsfromtheFirstImplementationDate.
④ForleasecontractsinwhichtheCompanywasthelessor,theCompanycarriedoutaccountinginaccordancewiththenewleasestandardsfromtheFirstImplementationDate.
2)OnJanuary26,2021,theCompanyimplementedtheInterpretationNo.14ofAccountingStandardsforBusinessEnterprisesissuedbytheMinistryofFinancein2021,andthischangeinaccountingpolicieshadnoimpactontheCompany'sfinancialstatements.
3)OnDecember31,2021,theCompanyimplementedtheprovisionsoftheInterpretationNo.15ofAccountingStandardforBusinessEnterprisesissuedbytheMinistryofFinance,andthischangeinaccountingpolicieshadnoimpactontheCompany'sfinancialstatements.(II)AnalysisandExplanationoftheReasonsforandEffectsoftheCompany’sRemediesforMajor
AccountingErrors
□Applicable√NotApplicable(III)CommunicationwithFormerAccountingFirms
□Applicable√NotApplicable(IV)OtherNotes
□Applicable√NotApplicableVI.APPOINTMENTANDDISMISSALOFACCOUNTINGFIRMS
Unit:10,000yuanCurrency:RMB
| Currentappointment | |
| Nameofdomesticaccountingfirm | Pan-ChinaCertifiedPublicAccountantsLLP |
| Remunerationfordomesticaccountingfirm | 161 |
| Termofauditbydomesticaccountingfirm | 19 |
Name
| Name | Remuneration | |
| Accountingfirmforinternalcontrolaudit | Pan-ChinaCertifiedPublicAccountantsLLP | 35 |
ExplanationonAppointmentandDismissalofAccountingFirms
□Applicable√NotApplicableChangeoftheaccountingfirmsduringtheAuditPeriod
□Applicable√NotApplicableVII.FACINGTHERISKOFSUSPENSIONOFLISTING(I)ReasonsforSuspensionofListing
□Applicable√NotApplicable(II)MeasuresTakenbytheCompany
□Applicable√NotApplicable(III)SITUATIONANDREASONSFORTERMINATIONOFLISTING
□Applicable√NotApplicableVIII.MATTERSRELATEDTOBANKRUPTCYREORGANIZATION
□Applicable√NotApplicableIX.MAJORLITIGATIONANDARBITRATIONMATTERS
□Majorlitigationandarbitrationmattersinthisyear√NomajorlitigationandarbitrationmattersX.PENALTIESONTHECOMPANYANDITSDIRECTORS,SUPERVISORS,SENIOR
MANAGEMENT,CONTROLLINGSHAREHOLDERSANDACTUALCONTROLLERDUETOSUSPECTEDVIOLATIONOFLAWSANDREGULATIONS,ANDRECTIFICATION
□Applicable√NotApplicableXI.EXPLANATIONONTHEINTEGRITYOFTHECOMPANYANDITSCONTROLLINGSHAREHOLDERSANDACTUALCONTROLLERSDURINGTHEREPORTINGPERIOD
□Applicable√NotApplicableXII.MAJORRELATEDPARTYTRANSACTIONS(I)RelatedPartyTransactionsRelatedtoDailyOperations
1.EventsDisclosedintheTemporaryAnnouncementsandwithoutProgressorChangesinSubsequentImplementation
√Applicable□NotApplicable
| Summaryofevents | Enquiryindex |
| TheAnnouncementonExpectedRelatedPartyTransactionsRelatedtoDailyOperationsin2021 | FortheAnnouncementNo.2021-013,pleaserefertowww.sse.com.cn |
2.EventsDisclosedintheTemporaryAnnouncementsbutwithProgressorChangesinSubsequent
Implementation
□Applicable√NotApplicable
3.EventsUndisclosedintheTemporaryAnnouncements
□Applicable√NotApplicable(II)RelatedPartyTransactionsfromAcquisitionandDisposalofAssetsorEquity
1.EventsDisclosedintheTemporaryAnnouncementsandwithoutProgressorChangesin
SubsequentImplementation
□Applicable√NotApplicable
2.EventsDisclosedintheTemporaryAnnouncementsbutwithProgressorChangesinSubsequent
Implementation
□Applicable√NotApplicable
3.EventsUndisclosedintheTemporaryAnnouncements
□Applicable√NotApplicable
4.ThePerformanceAchievementsduringtheReportingPeriodShallbeDisclosedifUndertakings
onPerformanceareInvolved
□Applicable√NotApplicable(III)MaterialRelatedPartyTransactionsinvolvingJointForeignInvestments
1.EventsDisclosedintheTemporaryAnnouncementsandwithoutProgressorChangesinSubsequentImplementation
√Applicable□NotApplicable
| Summaryofevents | Enquiryindex |
| RelatedpartytransactionsonthejointsubscriptionofNanjingXingdingEquityInvestmentPartnership(L.P.)bytheCompanyanditsassociatedcorporations | FortheAnnouncementNo.2021-022,pleaserefertowww.sse.com.cn |
| RelatedpartytransactionsonthejointinvestmentinHundsunHoldingsLimitedbytheCompanyanditsAssociatedCorporations | FortheAnnouncementNo.2021-040,pleaserefertowww.sse.com.cn |
| RelatedpartytransactionsonincreasinginvestmentintheHoldingSubsidiaryHundsuniBontal | FortheAnnouncementNo.2021-049,pleaserefertowww.sse.com.cn |
| RelatedpartytransactionsonincreasinginvestmentintheHoldingSubsidiaryCloudwingNetwork | FortheAnnouncementsNo.2021-059andNo.2021-063,pleaserefertowww.sse.com.cn |
2.EventsDisclosedintheTemporaryAnnouncementsbutwithProgressorChangesinSubsequent
Implementation
□Applicable√NotApplicable
3.EventsUndisclosedintheTemporaryAnnouncements
□Applicable√NotApplicable(IV)ClaimsandLiabilitiesbetweenRelatedParties
1.EventsDisclosedintheTemporaryAnnouncementsandwithoutProgressorChangesin
SubsequentImplementation
□Applicable√NotApplicable
2.EventsDisclosedintheTemporaryAnnouncementsbutwithProgressorChangesinSubsequentImplementation
□Applicable√NotApplicable
3.EventsUndisclosedintheTemporaryAnnouncements
□Applicable√NotApplicable(V)FinancialBusinessbetweentheCompanyandRelatedFinancialCompanies,HoldingFinancial
CompaniesandRelatedParties
□Applicable√NotApplicable(VI)Others
□Applicable√NotApplicableXIII.MATERIALCONTRACTSANDPERFORMANCE(I)Trust,ContractingandLeasing
1.Trust
□Applicable√NotApplicable
2.Contracting
□Applicable√NotApplicable
3.Leasing
□Applicable√NotApplicable
(II)Guarantee
√Applicable□NotApplicable
Unit:yuanCurrency:RMB
| Externalguarantee(excludingguaranteesprovidedtosubsidiaries) | |||||||||||||||
| Guarantor | RelationbetweenguarantorandtheCompany | Securedparty | Guaranteeamount | Dateofguarantee(agreementsigningdate) | Validfrom | Expiredat | Typeofguarantee | Collateral(ifany) | Guaranteehasbeenperformedornot | Guaranteeisoverdueornot | Amountoverride | Counter-guarantee | Guaranteeprovidedtorelatedpartiesornot | .Relation | |
| None | |||||||||||||||
| TotalguaranteeamountduringtheReportingPeriod(excludingguaranteesprovidedtosubsidiaries) | 0 | ||||||||||||||
| BalanceoftotalguaranteesattheendoftheReportingPeriod(A)(excludingguaranteesprovidedtosubsidiaries) | 0 | ||||||||||||||
| GuaranteesprovidedbytheCompanyanditssubsidiariestosubsidiaries | |||||||||||||||
| TotalguaranteeamounttosubsidiariesduringtheReportingPeriod | 0 | ||||||||||||||
| BalanceoftotalguaranteestosubsidiariesattheendoftheReportingPeriod(B) | 278,000,000 | ||||||||||||||
| Totalguaranteeamount(includingguaranteestosubsidiaries)providedbytheCompany | |||||||||||||||
| Totalguaranteeamount(A+B) | 278,000,000 | ||||||||||||||
| ProportionoftotalguaranteeamountintheCompany'snetassets(%) | 4.88% | ||||||||||||||
| Including: | |||||||||||||||
| AmountofguaranteesprovidedbytheCompanytoitsshareholders,ActualControllerandrelatedparties(C) | 0 | ||||||||||||||
| AmountofdebtguaranteesprovideddirectlyorindirectlybytheCompanytosecuredpartieswithanasset-liabilityratioexceeding70%(D) | 0 | ||||||||||||||
| Totalguaranteeamountexceeding50%ofthenetassets(E) | 0 | ||||||||||||||
| Totalamountofabovethreeguarantees(C+D+E) | 0 | ||||||||||||||
| Explanationofpossiblejointandseveralliabilitiesforunexpiredguarantee | None | ||||||||||||||
| Notesforguarantees | (1)TheproposalontheprovisionofbusinesscontractperformanceguaranteesofuptoRMB168millionintotaltoeightsubsidiariesfromFY2019toFY2021wasadoptedthroughdeliberationatthe26thmeetingoftheSixthBoardoftheCompany.(PleaserefertotheCompany'sAnnouncementNo.2019-017fordetails.)(2)TheproposalontheprovisionofaloancreditguaranteeofRMB80milliontoHundsunAyersTechnologiesLimited,HundsunAyersTechnologiesLimited,fromFY2020toFY2022wasadoptedthroughdeliberationatthe6thMeetingoftheSeventhBoardoftheCompany.(PleaserefertotheCompany'sAnnouncementNo.2020-012 | ||||||||||||||
(III)EntrustmentofAssetManagement
1.Entrustedwealthmanagement
(1)Overallentrustedwealthmanagement
√Applicable□NotApplicable
Unit:10,000yuanCurrency:RMB
| Type | Sourceoffunds | Amountincurred | Outstandingbalance | Amountoverduebutuncollected |
| Bankwealthmanagementproducts | Self-ownedfund | 107,020.00 | 78,870.00 | 0 |
| Trustwealthmanagementproducts | Self-ownedfund | 216,850.00 | 46,200.00 | 0 |
| Total | 323,870.00 | 125,070.00 | 0 |
Others
□Applicable√NotApplicable
(2)Impairmentprovisionforentrustedwealthmanagement
□Applicable√NotApplicable
2.Entrustedloan
(1)Overallentrustedloan
□Applicable√NotApplicableOthers
□Applicable√NotApplicable
(2)Singleentrustedloan
□Applicable√NotApplicableOthers
□Applicable√NotApplicable
(3)Impairmentprovisionforentrustedloans
□Applicable√NotApplicable
3.Others
□Applicable√NotApplicable(IV)OtherMaterialContracts
□Applicable√NotApplicableXIV.OTHERSIGNIFICANTEVENTSTHATHAVEASIGNIFICANTIMPACTONINVESTORS'VALUEJUDGMENTSANDINVESTMENTDECISIONS
□Applicable√NotApplicable
SectionVIIChangesinSharesandParticularsofShareholdersI.CHANGESINSHAREHOLDINGOFSHARES(I)StatementofChangesinShares
1.StatementofChangesinShares
Unit:share
| Beforethischange | Increase(+)/decrease(-)inthischange | Afterthischange | |||||||
| Number | Propor-tion(%) | Issuanceofnewshares | Bonusshares | Conversionofthereservefundsintoshares | Others | Sub-total | Number | Proportion(%) | |
| I.Sharesnotsubjecttosellingrestrictions | 1,044,090,754 | 100 | +417,469,726 | 417,469,726 | 1,461,560,480 | 100 | |||
| 1.RMB-denominatedordinaryshares | 1,044,090,754 | 100 | +417,469,726 | 417,469,726 | 1,461,560,480 | 100 | |||
| II.Totalnumberofshares | 1,044,090,754 | 100 | +417,469,726 | 417,469,726 | 1,461,560,480 | 100 | |||
2.ParticularsofChangesinShares
√Applicable□NotApplicable
TheCompanyadoptedtheProfitDistributionPlanfor2020throughdeliberationatthe17
thmeetingoftheSeventhBoardheldonApril23,2021,andthenadoptedthePlanthroughdeliberationattheshareholders'generalmeetingheldonJune3,2021.ThechangeinsharesintheProfitDistributionPlanisthattheCompanywilldistributeacashdividendofRMB1.00(includingtax)forevery10sharesand4bonussharesforevery10sharestoallshareholdersbasedonthesharesoutstandingregisteredonthedateofregistrationoftheimplementationoftheequitydistributionlessthenumberofsharesinthespecialsecuritiesrepurchaseaccountoftheCompany.Basedon1,035,695,014shares,being1,044,090,754sharesoutstandingless8,395,740sharesintheCompany'sspecialsecuritiesrepurchaseaccount,theCompanywilldistributethetotalcashdividendofRMB103,569,501.40(includingtax)and414,278,006bonusshares.Ifthesharesoutstandingfortheprofitdistributionchange,theCompanywilladjustthetotalsharestobedistributedatthesamedistributionratiopershare.
OnJune28,2021,theCompanyreceivedtheConfirmationofTransferRegistrationissuedbyChinaSecuritiesDepositoryandClearingCorporationLimited,7,979,300sharesin8,395,740sharesintheCompany'sspecialsecuritiesrepurchaseaccountweretransferredtotheCompany'saccountunderthe2020EmployeeStockOwnershipSchemethroughnon-tradetransferonJune25,2021(pleaserefertoAnnouncementNo.2021-031fordetails).Therewere416,440sharesremainingintheCompany'sspecialsecuritiesrepurchaseaccount.Asaresultoftheabove,thebasicsharesforprofitdistributionwerechangedto1,043,674,314from1,035,695,014.InaccordancewiththeProfitDistributionPlanfor2020adoptedthroughdeliberationatthe2020AnnualGeneralMeetingoftheCompany,andtheprincipleof"adjustingthetotalsharestobedistributedatthesamedistributionratiopershare",i.e.,distributingacashdividendofRMB1.00forevery10shares(includingtax)and4bonussharesforevery10sharestoallshareholders,CompanyadjustedthetotalcashdividendtoRMB104,367,431.4(includingtax)andthetotalbonusshares
to417,469,726.TheCompanyhad1,461,560,480sharesoutstandingafterthesharedistribution.
3.EffectofChangesinSharesonFinancialIndicatorssuchasEarningsperShareandNetAssetsperSharefortheRecentYearandtheRecentPeriod(ifany)
√Applicable□NotApplicableTheCompanyannouncedtheimplementationofthe2020annualequitydistributiononJuly12,2021,stipulatingthattheshareregistrationdatewasJuly15,2021,theex-dividenddatewasJuly16,2021,andtheadditionalsharesnotsubjecttosellingrestrictionswerelistedonJuly19,2021.Afterthecompletionofthesharedistribution,theCompanyhad1,461,560,480sharesintotal.Theeffectofthesharechangeontherelevantfinancialindicatorsisasfollows.
| Keyfinancialindicators | JanuarytoSeptember2021 | Thesameperiodlastyear(afterchangesofshares) | Thesameperiodlastyear(beforechangesofshares) |
| Basicearningspershare(RMB/share) | 0.47 | 0.90 | 1.27 |
| Dilutedearningspershare(RMB/share) | 0.47 | 0.90 | 1.27 |
| NetassetspershareattributabletoshareholdersoftheCompany(RMB/share) | 3.07 | 3.12 | 4.36 |
4.OtherInformationthattheCompanyDeemsNecessaryorasRequiredbySecuritiesRegulators
□Applicable√NotApplicable(II)ChangesinRestrictedShares
□Applicable√NotApplicableII.SECURITYISSUANCEANDLISTING(I)SecurityIssuanceduringtheReportingPeriod
□Applicable√NotApplicableExplanationontheissuanceofsecuritiesduringtheReportingPeriod(pleasedescribebondswithdifferentinterestratesduringthedurationseparately):
□Applicable√NotApplicable(II)ChangesinNumberofSharesandShareholdingoftheCompany’sSharesandtheChangesin
StructureofitsBalanceSheet
√Applicable□NotApplicablePleasereferto"ParticularsofChangesinShares"above(III)ExistingInternalStaffShares
□Applicable√NotApplicableIII.SHAREHOLDERSANDACTUALCONTROLLERS(I)TotalNumberofShareholders
| TotalnumberofordinaryShareholdersattheendoftheReportingPeriod(Nr.) | 88,641 |
| TotalnumberofordinaryshareholdersattheendoflastmonthbeforethedisclosuredateoftheAnnualReport(Nr.) | 100,924 |
(II)ShareholdingoftheTop10ShareholdersandTop10OutstandingShareholders(orHoldersofUnrestrictedShares)attheEndoftheReportingPeriod
Unit:share
| ShareholdingoftheTop10Shareholders | |||||||
| NameofShareholder(FullName) | IncreaseorDecreaseduringtheReportingPeriod | NumberofSharesHeldAttheEndofthePeriod | Proportion(%) | NumberofRestrictedShares | Pledged,MarkedorFrozenShares | NatureofShareholder | |
| StatusofShares | Number | ||||||
| HangzhouHundsunElectronicsGroupCo.,Ltd. | 86,536,942 | 302,879,298 | 20.72 | 0 | None | Domesticnon-state-ownedcorporate | |
| HongKongSecuritiesClearingCompanyLimited | 132,532,565 | 223,754,436 | 15.31 | 0 | Unknown | Overseascorporate | |
| JiangJiansheng | 7,948,722 | 27,820,528 | 1.90 | 0 | None | Domesticnaturalperson | |
| ZhouLingen | 7,577,967 | 25,892,883 | 1.77 | 0 | Unknown | Unknown | |
| ChinaSecuritiesFinanceCorporationLimited | 1,049,517 | 19,182,439 | 1.31 | 0 | Unknown | State-ownedcorporate | |
| PengZhenggang | 3,482,000 | 15,000,000 | 1.03 | 0 | None | Overseasnaturalperson | |
| ChinaMerchantsBankCo.,Ltd.-BOCOMSchroederNewGrowthHybridSecuritiesInvestmentFund | NewshareholdingduringReportingPeriod | 14,683,859 | 1.00 | 0 | Unknown | State-ownedcorporate | |
| IndustrialandCommercialBankofChinaLimited-GuangfaMulti-factorFlexibleAllocationHybridSecuritiesInvestmentFund | NewshareholdingduringReportingPeriod | 12,865,307 | 0.88 | 0 | Unknown | State-ownedcorporate | |
| LiuShufeng | 3,466,974 | 12,134,409 | 0.83 | 0 | None | Domesticnaturalperson | |
| ChenHong | 3,141,864 | 12,009,025 | 0.82 | 0 | Unknown | Unknown | |
| ShareholdingoftheTop10ShareholderswithoutRestrictions | |||||||
| NameofShareholder | NumberofOutstandingShareswithoutRestrictions | TypeandNumberofShares | |||||
| Type | Number | ||||||
| HangzhouHundsunElectronicsGroupCo.,Ltd. | 302,879,298 | OrdinarysharesdenominatedinRMB | 302,879,298 | ||||
| HongKongSecuritiesClearingCompanyLimited | 223,754,436 | OrdinarysharesdenominatedinRMB | 223,754,436 | ||||
| JiangJiansheng | 27,820,528 | OrdinarysharesdenominatedinRMB | 27,820,528 | ||||
| ZhouLingen | 25,892,883 | OrdinarysharesdenominatedinRMB | 25,892,883 | ||||
| ChinaSecuritiesFinanceCorporationLimited | 19,182,439 | OrdinarysharesdenominatedinRMB | 19,182,439 | ||||
| PengZhenggang | 15,000,000 | OrdinarysharesdenominatedinRMB | 15,000,000 | ||||
| ChinaMerchantsBankCo.,Ltd.-BOCOMSchroederNewGrowthHybridSecuritiesInvestmentFund | 14,683,859 | OrdinarysharesdenominatedinRMB | 14,683,859 |
| IndustrialandCommercialBankofChinaLimited-GuangfaMulti-factorFlexibleAllocationHybridSecuritiesInvestmentFund | 12,865,307 | OrdinarysharesdenominatedinRMB | 12,865,307 |
| LiuShufeng | 12,134,409 | OrdinarysharesdenominatedinRMB | 12,134,409 |
| ChenHong | 12,009,025 | OrdinarysharesdenominatedinRMB | 12,009,025 |
| Specialsecuritiesrepurchaseaccountofthetop10Shareholders | None | ||
| TheaboveShareholdersentrustandwaivetheirvotingrightsorareentrustedwiththevotingright | Unknown | ||
| RelatedrelationshiporactinginconcertamongtheaboveShareholders | Unknown | ||
ShareholdingsofTop10ShareholderswithTradingRestrictionsandConditionsofSuchRestrictions
□Applicable√NotApplicable(III)StrategicInvestorsorGeneralCorporationsBecomingTop10ShareholdersDuetothePlacementofNewShares
□Applicable√NotApplicableIV.CONTROLLINGSHAREHOLDERANDACTUALCONTROLLER(I)ControllingShareholder1Corporation
√Applicable□NotApplicable
| Name | HangzhouHundsunElectronicsGroupCo.,Ltd. |
| Personinchargeorlegalrepresentative | HanXinyi |
| Incorporationdate | September28,1998 |
| PrincipalOperatingBusiness | Services:non-financialtechnologyprojectinvestment,corporatefinancialmanagementconsulting,technologydevelopmentofintegratedcircuitsandcommunicationequipment,technicalconsulting,andtransferofachievements;wholesaleandretail:communicationequipment,andgroceries;importandexportofgoods(exceptforthoseprohibitedbylawsandadministrativeregulations,andthoserestrictedbylawsandadministrativeregulationscanbeoperatedonlyafterobtainingalicense).(Projectsapprovedbylawcanbeoperatedonlyafterobtainingtheapprovalofrelevantauthority) |
| ShareholdingofotherdomesticandoverseaslistedcompaniescontrollingandholdingsharesduringtheReportingPeriod | None |
| Others | None |
2Naturalperson
□Applicable√NotApplicable3SpecialexplanationonnocontrollingshareholdersoftheCompany
□Applicable√NotApplicable4ChangesincontrollingshareholdersduringtheReportingPeriod
□Applicable√NotApplicable5BlockdiagramofpropertyrightsandcontrolrelationshipbetweentheCompanyandthe
ControllingShareholder
√Applicable□NotApplicable
(II)ActualController1Corporation
□Applicable√NotApplicable2Naturalperson
√Applicable□NotApplicable
| Name | MaYun |
| Nationality | China |
| Rightofresidenceinothercountriesorregionsacquiredornot | N |
| Mainoccupationandtitle | FounderofAlibabaGroup |
| Domesticandforeignlistedcompaniesheldtherebyinthepast10years | None |
3SpecialexplanationonnoactualcontrollersoftheCompany
□Applicable√NotApplicable4ChangesintheCompany'scontrolrightsduringtheReportingPeriod
□Applicable√NotApplicable5BlockdiagramofpropertyrightsandcontrolrelationshipbetweentheCompanyandtheActualController
√Applicable□NotApplicable
6ActualControllercontrollingtheCompanybywayoftrustorotherassetmanagementmethods
□Applicable√NotApplicable(III)SummaryofOtherFactsabouttheControllingShareholderandActualController
□Applicable√NotApplicableV.THECOMPANY'SCONTROLLINGSHAREHOLDERORTHEFIRSTMAJORITYSHAREHOLDERANDITSCONCERTPARTIESPLEDGEDATOTALOF80%ORMOREOFTHEIRSHAREHOLDINGSINTHECOMPANY
□Applicable√NotApplicableVI.OTHERCORPORATESHAREHOLDERSWITHOVER10%OFSHAREHOLDINGINTHECOMPANY
□Applicable√NotApplicableVII.DETAILSONRESTRICTIONONSHAREHOLDINGREDUCTION
□Applicable√NotApplicableVIII.SPECIFICIMPLEMENTATIONOFSHAREREPURCHASEDURINGTHEREPORTINGPERIOD
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| NameofShareRepurchaseScheme | AnnouncementontheProposaltoRepurchasetheCompany'sSharesinCallAuctionTrading |
| Dateofdisclosure | December9,2020 |
| Numberofsharestoberepurchasedandthe | UndertheconditionthatthepriceofrepurchasedsharesdoesnotexceedRMB120pershare,thenumberofsharestoberepurchasedisexpectedtobe |
| proportion(%)intotalsharesoutstanding | about6,666,667,accountingforabout0.64oftheCompany'stotalsharesoutstanding,basedontheupperlimitoftherepurchaseamountofRMB800million,andisexpectedtobeabout5,000,000,accountingforabout0.48oftheCompany'stotalsharesoutstanding,basedonthelowerlimitoftherepurchaseamountofRMB600million |
| Proposedamountforrepurchase | NotlessthanRMB600million(inclusive)andnotmorethanRMB800million(inclusive) |
| Proposedrepurchaseterm | (1)Thetermofthesharerepurchaseshallbe12monthsfromthedateofapprovaloftheShareRepurchaseSchemebytheBoard.TheCompanywillrepurchaseatitsdiscretionandinaccordancewithmarketconditionsduringtherepurchasetermasdeterminedbytheBoard.Therepurchasetermshallexpireearlierifthefollowingconditionsoccuroraremet:(i)ifthefundsforrepurchaseusedreachestheupperlimitoftherepurchaseamountduringtheterm,theShareRepurchaseSchemeshallbecompleted,i.e.,therepurchasetermshallexpireearlierfromsuchdate;(ii)iftheBoardoftheCompanydecidestoterminatetheScheme,therepurchasetermshallexpireearlierfromthedateoftheresolutionoftheBoardtoterminatetheScheme.(2)TheCompanyshallnotrepurchaseitssharesduringthefollowingperiods:(i)within10tradingdayspriortotheannouncementoftheCompany'sregularreport,earningspreannouncementorpreliminaryearningsestimate;(ii)within2tradingdaysfromthedateofoccurrenceorduringthedecision-makingprocessofamaterialmatterthatmayhaveasignificantimpactonthetradingpriceoftheCompany'ssharestothedateofdisclosureaccordingtolaw;(iii)othercircumstancesasprescribedbytheCSRCandtheShanghaiStockExchange.Duringtheimplementationoftherepurchase,iftheCompany'ssharesaredelistedformorethan10consecutivetradingdaysduetotheplanningofmajorevents,theShareRepurchaseSchemewillbepostponedtoimplementanddisclosedinatimelymannerupontheresumptionoftradingofshares. |
| Repurchasepurpose | Fortheemployeestockownershipscheme |
| Numberofsharesrepurchased(share) | 8,395,740 |
| Numberofrepurchasedsharesasapercentageoftheunderlyingsharesundertheshareincentivescheme(%)(ifany) | |
| ProgressoftheCompany'ssharerepurchasereductionincallauctiontrading | None |
SectionVIIIPreferredShares
□Applicable√NotApplicable
SectionIXCorporateBondsI.ENTERPRISEBONDS,CORPORATEBONDSANDDEBTFINANCINGINSTRUMENTOF
NON-FINANCIALENTERPRISES
□Applicable√NotApplicableII.CONVERTIBLECORPORATEBONDS
□Applicable√NotApplicable
SectionXFinancialReportI.AUDITOR'SREPORT
√Applicable□NotApplicable
Auditor'sReportTJS[2022]No.1658
ToallshareholdersofHundsunTechnologiesInc.I.OPINIONWehaveauditedthefinancialstatementsofHundsunTechnologiesInc.(hereinafterreferredtoasHundsunTechnologies),includingtheconsolidatedandparentcompany'sbalancesheetsasofDecember31,2021,theconsolidatedandparentcompany'sincomestatements,cashflowstatementsandstatementsofretainedearningsfor2021,andrelatednotestothefinancialstatements.
Inouropinion,theattachedfinancialstatementspresentfairly,inallmaterialrespects,theconsolidatedandparentcompany'sfinancialpositionofHundsunTechnologiesasofDecember31,2021,andtheconsolidatedandtheparentcompany'srecordsofperformanceandcashflowstatementsfor2021,preparedinaccordancewithAccountingStandardsforBusinessEnterprises.
II.BASISFOROPINION
WehaveconductedourauditinaccordancewiththeAuditingStandardsforChineseCertifiedPublicAccountants.OurresponsibilitiesunderthosestandardsarefurtherdescribedintheSection"Auditor'sResponsibilitiesfortheAuditoftheFinancialStatements"ofourreport.WeareindependentofHundsunTechnologiesinaccordancewiththeCodeofEthicsforChineseCertifiedPublicAccountants,andwehavefulfilledourotherethicalresponsibilitiesoftheCode.Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforouraudit.
III.KEYAUDITMATTERS
Keyauditmattersarethosemattersthat,inourprofessionaljudgment,weconsidertobemostsignificanttotheauditofthefinancialstatementsfortheperiod.Thesemattersareaddressedinthecontextoftheauditofthefinancialstatementsasawholeandtheformationofanauditopinion,andwedonotexpressanopiniononthesemattersindividually.
(I)RevenueRecognition
1.Introduction
TherevenueofHundsunTechnologiesmainlycomesfromtheprovisionofoverallsoftwaresolutionsandnetworkservicesforsecurities,futures,funds,trusts,insurance,banks,exchanges,privateequityfirmsandotherinstitutions.HundsunTechnologiesrecordedrevenueofRMB5,496,578,600in2021,ofwhichrevenuefromsoftwareproductsalesandservicesaccountedfor99.60%.Asdisclosedinthesignificantaccountingpoliciesandaccountingestimates(XXVI)setoutinNoteIIItothefinancialstatements,HundsunTechnologiesappliesdifferentrevenuerecognitionmethodstorevenuefromsalesofself-developedsoftwareproducts,revenuefromsalesofcustomizedsoftwareandrevenuefromsoftwareservices.RevenueisoneofthekeyperformanceindicatorsofHundsunTechnologiesandinvolvessignificantjudgmentofHundsunTechnologies’management(hereinafterreferredtoasManagement),and
revenuemayberecognizedininappropriateaccountingperiods,thusweconsideredrevenuerecognitionasakeyauditmatter.
2.AuditResponseTheauditproceduresweimplementforrevenuerecognitionmainlyinclude:
(1)Understandingthekeyinternalcontrolsrelatedtorevenuerecognition,evaluatingthedesignofthesecontrols,determiningwhetherthesecontrolsareimplemented,andtestingtheimplementationeffectivenessofrelatedinternalcontrols;
(2)ObtainingCompany'ssalesrevenueaccount,analyzingthegrowthrateofrevenueoverthesameperiod,identifyingwhethertherearemajororabnormalfluctuationsattheoveralllevelbasedonmonthlyandproducttypeanalysisprocedures,andfindingoutthecausesoffluctuations;
(3)Testingdetails,samplingsalescontractsandrelatedcompletionordersforwhichrevenuesarerecognizedduringtheperiod,andcheckingwhetherprojectsarecompletedandwhethertheservicetermisconsistentaccordingtothecompletionconditionsandservicetermagreedinthecontracts;
(4)Samplingprojectsforon-the-spotinspectiontounderstandtheprogressofprojectimplementation;
(5)Implementingconfirmationproceduresforkeycustomerstoconfirminformationsuchasaccountsreceivable,contractassetsanddebtbalances,salesrevenuefortheperiod,projectprogressandserviceterms;
(6)Performingcut-offtestsforrevenuesrecognizedbeforeandafterthebalancesheetdatetoevaluatewhetherrevenuesarerecognizedintheappropriateperiod;
(7)Checkingwhethertheinformationrelatingtorevenuehasbeenproperlypresentedinthefinancialstatements.
(II)GoodwillImpairmentTest
1.Introduction
AsofDecember31,2021,HundsunTechnologiesrecordedtheoriginalcarryingvalueofgoodwillofRMB539,186,500andtheprovisionforimpairmentofRMB171,694,300,resultinginacarryingvalueofRMB367,492,100.Asdescribedinthesignificantaccountingpoliciesandaccountingestimates(XX)inNoteIIItothefinancialstatements,theManagementisrequiredtoperformannualimpairmenttestsongoodwillresultingfrombusinesscombinations,regardlessofwhetherimpairmentexists,andtoadjustthecarryingvalueofgoodwillbasedonthetestresults.TheManagementtestsgoodwillforimpairmentinconjunctionwiththeassetgrouporcombinationofassetgroupsrelatedthereto,andtherecoverableamountoftherelatedassetgrouporcombinationofassetgroupsisdeterminedbasedonthepresentvalueofprojectedfuturecashflows.SignificantjudgmentsandassumptionsmadebytheManagement,suchastheestimationoftherevenuegrowthrate,profitmargin,appropriatediscountrateandotherindicators,areconsideredinthedeterminationofthepresentvalueoffuturecashflowsandthereforeweconsideredthegoodwillimpairmenttestasakeyauditmatter.
2.AuditResponse
Theauditproceduresweimplementforgoodwillimpairmenttestsmainlyinclude:
(1)Understandingthekeyinternalcontrolsrelatedtogoodwillimpairmenttests,evaluatingthedesignofthesecontrols,determiningwhetherthesecontrolsareimplemented,andtestingtheimplementation
effectivenessofrelatedinternalcontrols;
(2)ReviewingtheManagement’sprojectionsofthepresentvalueoffuturecashflowsandactualresultsofoperationsforprioryearsandevaluatingtheaccuracyoftheManagement'shistoricalprojections;
(3)Understandingthehistoricalperformanceanddevelopmentplansforeachassetgroup,aswellasthemacroeconomicanddevelopmenttrendsoftheindustriestowhichtheybelong;
(4)Understandingandevaluatingthecompetency,professionalismandobjectivityoftheexternalvaluationexpertsengagedbytheManagement;
(5)EvaluatingthereasonablenessandconsistencyofthemethodsusedbyManagementintheimpairmenttest;
(6)Reviewingthereasonablenessofthelevelofcashflowprojectionsandthediscountrateadopted,includingthegrowthrateoffuturesalesrevenue,projectedprofitmarginandrelatedexpensesofthecorrespondingassetgroup,andconductingacomparativeanalysiswiththehistoricaldataofthecorrespondingassetgroupandfuturemarkettrends;
(7)TestingtheaccuracyoftheManagement'scalculationofthepresentvalueofprojectedfuturecashflows;
(8)Checkingwhethertheinformationrelatingtogoodwillimpairmenthasbeenproperlypresentedinthefinancialstatements.
IV.OTHERINFORMATION
TheManagementisresponsibleforotherinformation.OtherinformationincludestheinformationcoveredintheAnnualReportbutexcludesthefinancialstatementsandourauditor'sreport.
Ourauditopiniononthefinancialstatementsdoesnotcoverotherinformation,andwedonotexpressanassuranceconclusionofanykindonotherinformation
Inconjunctionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,indoingso,considerwhethertheotherinformationismateriallyinconsistentwith,orappearstobemateriallymisstatedin,thefinancialstatementsorwhatwehavelearnedduringtheaudit.
Basedontheworkwehaveperformed,ifwedeterminethatotherinformationismateriallymisstated,weshouldreportthatfact.Wedonothaveanymatterstoreportinthisregard.
V.RESPONSIBILITIESOFTHEMANAGEMENTANDTHOSECHARGEDWITHGOVERNANCEFORTHEFINANCIALSTATEMENTS
TheManagementshallberesponsibleforpreparingfinancialstatementsthatpresentfairlythedatainaccordancewiththeAccountingStandardsforBusinessEnterprises,andfordesigning,implementingandmaintainingtheinternalcontrolsastheManagementdeemsnecessarytoenablethepreparationoffinancialstatementsfreefrommaterialmisstatement,whetherduetofraudorerror.
Inthepreparationofthefinancialstatements,theManagementisresponsibleforassessingHundsunTechnologies'continuingoperatingcapacity,disclosingmattersrelatingtocontinuingoperations(ifapplicable)andapplyingthecontinuingoperatingassumptionsunlessthereareplanstoliquidateHundsunTechnologiesandceasetooperateornorealisticalternativeisavailable.
ThosechargedwithgovernanceofHundsunTechnologies(hereinafterreferredtoastheGovernance)
isresponsibleforoverseeingthefinancialreportingprocessofHundsunTechnologies.VI.AUDITOR'SRESPONSIBILITIESFORTHEAUDITOFTHEFINANCIALSTATEMENTSOurobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefreefrommaterialmisstatement,whetherduetofraudorerror,andtoissueanauditor'sreportcontainingouropinion.Reasonableassuranceisahighlevelofassurance,butitdoesnotguaranteethatanauditconductedinaccordancewithauditingstandardscanalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefromfraudorerrorandaregenerallyconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpectedtoinfluencetheeconomicdecisionsofusersmadeonthebasisofthesefinancialstatements.WeexercisedprofessionaljudgmentandmaintainprofessionalskepticismincarryingoutourauditinaccordancewiththeAuditingStandards.Wealsocarriedoutthefollowingworks:
(I)Identifyandassesstherisksofmaterialmisstatementofthefinancialstatements,whetherduetofraudorerror,designandperformauditproceduresresponsivetothoserisks,andobtainsufficientandappropriateauditevidencetoprovideabasisforouraudit.Theriskoffailingtodetectamaterialmisstatementduetofraudishigherthanthatduetoerror,asfraudmayinvolvecollusion,forgery,intentionalomissions,misrepresentations,oroverridinginternalcontrols.
(II)Understandtheinternalcontrolsrelatedtotheaudittoformulateappropriateauditprocedures.
(III)EvaluatetheappropriatenessofaccountingpoliciesadoptedbyandthereasonablenessofaccountingestimatesandrelateddisclosuresmadebytheManagement.
(IV)ConcludeontheappropriatenessofthecontinuingoperatingassumptionsmadebytheManagementand,basedontheauditevidenceobtained,onwhetheramaterialuncertaintyexistsrelatedtoeventsorconditionsthatmaycastsignificantdoubtonHundsunTechnologies'abilitytocontinueasagoingconcern.Ifweconcludethatamaterialuncertaintyexists,accordingtotheauditingstandards,wearerequiredtodrawtheattentionofstatementuserstotherelevantdisclosuresinthefinancialstatementsinourauditor'sreportor,ifsuchdisclosuresareinadequate,weshouldexpressournon-unqualifiedopinion.Ourconclusionsarebasedontheauditevidenceobtainedasofthedateofourauditor'sreport.However,futureeventsorconditionsmaycauseHundsunTechnologiestocease.
(V)Evaluatetheoverallpresentation,structureandcontentofthefinancialstatements,andalsowhetherthefinancialstatementsfairlypresenttheunderlyingtransactionsandevents.
(VI)ObtainsufficientandappropriateauditevidenceaboutthefinancialinformationoftheentitiesoroperationsinHundsunTechnologiestoexpressourauditopiniononthefinancialstatements.Weareresponsiblefordirecting,supervisingandperformingthegroupauditandacceptfullresponsibilityfortheauditopinion.
WecommunicatewiththeGovernanceregarding,amongothermatters,theplannedscopeandscheduleoftheauditandsignificantauditfindings,includinganyinternalcontroldeficienciesofconcernthatwefoundduringouraudit.
WealsoprovidetheGovernancewithastatementregardingcompliancewithethicalrequirementsrelatedtoindependenceandcommunicatewiththeGovernanceaboutallrelationshipsandothermatters
thatcouldreasonablybeconsideredtoaffectourindependence,aswellasrelatedprecautions(ifapplicable).
AmongmattersaboutwhichwehadcommunicatedwiththeGovernance,wedeterminedwhichmattersarethemostimportanttoauditthecurrentperiod'sfinancialstatements,therefore,suchmattersarekeyauditmatters.Wedescribedthesemattersinourauditor'sreport,exceptinthosecaseswherepublicdisclosureofsuchmattersisprohibitedbylaworregulation,orinthoserarecaseswherewedeterminenottocommunicatewiththeGovernanceaboutamatterinourauditor'sreportifwereasonablyexpectthattheadverseconsequencesofcommunicatingaboutsuchmatterinourauditor'sreportwouldoutweighthebenefitsinthepublicinterest.
Pan-ChinaCertifiedPublicAccountantsLLPCPAofChina:
(EngagementPartner)
Hangzhou,ChinaCPAofChina:
March29,2022
II.FINANCIALSTATEMENTS
ConsolidatedBalanceSheetDecember31,2021Preparedby:HundsunTechnologiesInc.
Unit:YuanCurrency:RMB
| Item | Notes | December31,2021 | December31,2020 |
| Currentassets: | |||
| Cashandbankbalances | VII.1 | 1,727,704,846.60 | 1,374,842,591.24 |
| Balanceswithclearingcompanies | |||
| Placementswithbanksandotherfinancialinstitutions | |||
| Held-for-tradingfinancialassets | VII.2 | 1,991,523,094.74 | 2,723,350,172.04 |
| Derivativefinancialassets | |||
| Billsreceivable | VII.4 | 636,600.00 | 194,609.13 |
| Accountsreceivable | VII.5 | 762,916,207.50 | 523,273,534.51 |
| Receivablesfinancing | |||
| Prepayments | VII.7 | 11,856,440.88 | 9,007,186.01 |
| Premiumreceivables | |||
| Reinsuranceaccountreceivables | |||
| Depositreceivablesfromreinsurancecontracts | |||
| Otherreceivables | VII.8 | 30,706,405.33 | 27,411,805.19 |
| Including:Interestreceivables | |||
| Dividendreceivables | |||
| Financialassetsheldunderresaleagreements | |||
| Inventories | VII.9 | 466,992,190.19 | 351,690,935.90 |
| Contractassets | VII.10 | 33,668,468.37 | 34,180,843.24 |
| Held-for-saleassets | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | VII.13 | 8,672,321.71 | 10,342,520.82 |
| Totalcurrentassets | 5,034,676,575.32 | 5,054,294,198.08 | |
| Non-currentassets: | |||
| Loansandadvancestocustomers | |||
| Debtinvestments | |||
| Otherdebtinvestments | VII.15 | 65,681,018.23 | 83,845,382.74 |
| Long-termreceivables | |||
| Long-termequityinvestments | VII.17 | 1,110,946,777.17 | 738,974,733.43 |
| Otherequityinstrumentinvestments | |||
| Othernon-currentfinancialassets | VII.19 | 2,981,720,276.86 | 2,229,463,162.16 |
| Investmentproperties | VII.20 | 127,524,968.93 | 111,411,248.79 |
| Fixedassets | VII.21 | 1,679,515,491.95 | 472,506,719.88 |
| Constructioninprogress | VII.22 | 26,357,513.90 | 732,254,664.28 |
| Productivebiologicalassets | |||
| Oilandgasassets | |||
| Right-of-useassets | VII.25 | 32,023,105.44 | |
| Intangibleassets | VII.26 | 376,460,020.43 | 161,012,651.89 |
| Developmentexpenditure | |||
| Goodwill | VII.28 | 367,492,126.98 | 312,158,890.50 |
| Long-termprepaidexpense | VII.29 | 1,257,776.43 | 3,370,336.31 |
| Deferredincometaxassets | VII.30 | 163,436,491.51 | 71,410,701.28 |
| Othernon-currentassets | VII.31 | 112,816,169.61 | 441,999.00 |
| Totalnon-currentassets | 7,045,231,737.44 | 4,916,850,490.26 | |
| Totalassets | 12,079,908,312.76 | 9,971,144,688.34 | |
| Currentliabilities: | |||
| Short-termborrowings | VII.32 | 178,028,314.11 | 46,718,265.90 |
| Borrowingsfromthecentralbank | |||
| Placementsfrombanksandotherfinancialinstitutions | |||
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Billspayable | |||
| Accountspayable | VII.36 | 503,758,715.18 | 192,172,938.77 |
| Advancesfromcustomers | VII.37 | 2,283,715.48 | 1,491,017.37 |
| Contractliabilities | VII.38 | 3,203,414,609.69 | 3,107,149,920.44 |
| Financialassetssoldunderrepurchaseagreements | |||
| Depositsfrombanksandotherfinancialinstitutions | |||
| Customerdepositsforsecuritiestrading | |||
| Customerdepositsforsecuritiesunderwriting | |||
| Employeecompensationpayable | VII.39 | 774,996,501.71 | 647,448,189.72 |
| Taxespayable | VII.40 | 196,064,942.41 | 187,413,250.40 |
| Otherpayables | VII.41 | 170,804,176.79 | 128,629,520.86 |
| Including:Interestpayable | |||
| Dividendspayable | |||
| Handlingchargesandcommissionpayable | |||
| Reinsuranceaccountspayable | |||
| Held-for-saleliabilities | |||
| Currentportionofnon-currentliabilities | VII.43 | 154,496,614.61 | |
| Othercurrentliabilities | VII.44 | 305,258,151.46 | 305,258,151.46 |
| Totalcurrentliabilities | 5,489,105,741.44 | 4,616,281,254.92 | |
| Non-currentliabilities: | |||
| Depositsforinsurancecontracts | |||
| Long-termborrowings | VII.45 | 228,454,065.70 | 206,090,358.06 |
| Bondspayable | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Leaseliabilities | VII.47 | 23,298,204.05 | |
| Long-termaccountspayable | |||
| Long-termemployeeremunerationpayable | |||
| Provisionforliabilities | VII.50 | 17,316,775.77 | 12,147,826.09 |
| Deferredincome | VII.51 | 38,210,906.29 | 56,385,848.47 |
| Deferredincometaxliabilities | VII.30 | 68,201,491.05 | 42,478,589.07 |
| Othernon-currentliabilities | |||
| Totalnon-currentliabilities | 375,481,442.86 | 317,102,621.69 | |
| Totalliabilities | 5,864,587,184.30 | 4,933,383,876.61 | |
| Owners'equity(orshareholders'equity): | |||
| Paid-upcapital(orsharecapital) | VII.53 | 1,461,560,480.00 | 1,044,090,754.00 |
| Otherequityinstruments | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Capitalreserve | VII.55 | 272,730,547.65 | 545,385,635.52 |
| Less:Treasurystocks | VII.56 | 39,676,146.96 | 117,376,268.28 |
| Othercomprehensiveincome | VII.57 | -19,063,233.86 | -7,643,663.35 |
| Specialreserves | |||
| Surplusreserves | VII.59 | 322,432,343.76 | 195,947,299.77 |
| Generalriskreserve | |||
| Undistributedprofits | VII.60 | 3,697,047,060.46 | 2,893,625,565.93 |
| Totalequityattributabletoowners(orshareholders)oftheparentcompany | 5,695,031,051.05 | 4,554,029,323.59 | |
| Minorityinterests | 520,290,077.41 | 483,731,488.14 | |
| Totalowners'equity(orshareholders'equity) | 6,215,321,128.46 | 5,037,760,811.73 | |
| Totalliabilitiesandowners'equity(orshareholders'equity) | 12,079,908,312.76 | 9,971,144,688.34 |
ChairmanoftheCompany:PengZhenggangFinancialController:YaoManyingHeadoftheAccountingFirm:YaoManying
BalanceSheetofParentCompany
December31,2021Preparedby:HundsunTechnologiesInc.
Unit:YuanCurrency:RMB
| Item | Notes | December31,2021 | December31,2020 |
| Currentassets: | |||
| Cashandbankbalances | 908,419,084.93 | 628,498,594.80 | |
| Held-for-tradingfinancialassets | 1,012,890,244.13 | 1,833,907,601.08 | |
| Derivativefinancialassets | |||
| Billsreceivable | 636,600.00 | 194,609.13 | |
| Accountsreceivable | XVII.1 | 557,715,998.70 | 427,331,540.43 |
| Receivablesfinancing | |||
| Prepayments | 8,933,838.72 | 30,871,016.72 | |
| Otherreceivables | XVII.2 | 66,212,431.56 | 43,769,249.04 |
| Including:Interestreceivables | |||
| Dividendreceivables | |||
| Inventories | 427,163,074.94 | 325,151,655.77 | |
| Contractassets | 27,841,320.54 | 31,553,316.68 | |
| Held-for-saleassets | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | 5,647,177.34 | ||
| Totalcurrentassets | 3,009,812,593.52 | 3,326,924,760.99 | |
| Non-currentassets: | |||
| Debtinvestments | |||
| Otherdebtinvestments | |||
| Long-termreceivables | |||
| Long-termequityinvestments | XVII.3 | 3,230,955,642.19 | 2,419,704,939.59 |
| Otherequityinstrumentinvestments | |||
| Othernon-currentfinancialassets | 2,740,664,539.46 | 2,050,871,495.84 | |
| Investmentproperties | 7,736,779.02 | 8,184,029.66 | |
| Fixedassets | 1,354,919,216.28 | 399,589,221.27 | |
| Constructioninprogress | 25,139,995.40 | 456,818,577.02 | |
| Productivebiologicalassets | |||
| Oilandgasassets | |||
| Right-of-useassets | 24,756,019.73 | ||
| Intangibleassets | 237,628,836.54 | 146,164,296.77 | |
| Developmentexpenditure | |||
| Goodwill | |||
| Long-termprepaidexpense | 131,567.10 | 2,380,469.45 | |
| Deferredincometaxassets | 187,252,839.81 | 91,506,512.97 | |
| Othernon-currentassets | 441,999.00 | ||
| Totalnon-currentassets | 7,809,185,435.53 | 5,575,661,541.57 | |
| Totalassets | 10,818,998,029.05 | 8,902,586,302.56 | |
| Currentliabilities: | |||
| Short-termborrowings | 150,862,784.72 | ||
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Billspayable | |||
| Accountspayable | 528,701,393.13 | 197,656,300.15 | |
| Advancesfromcustomers | |||
| Contractliabilities | 2,844,015,508.61 | 2,795,258,134.72 | |
| Employeecompensationpayable | 606,636,561.56 | 515,782,981.89 | |
| Taxespayable | 146,989,441.53 | 152,414,189.43 | |
| Otherpayables | 89,229,544.02 | 83,908,718.54 | |
| Including:Interestpayable | |||
| Dividendspayable | |||
| Held-for-saleliabilities | |||
| Currentportionofnon-currentliabilities | 149,878,491.45 | ||
| Othercurrentliabilities | |||
| Totalcurrentliabilities | 4,516,313,725.02 | 3,745,020,324.73 | |
| Non-currentliabilities: | |||
| Long-termborrowings | 148,159,511.11 | 122,536,819.73 | |
| Bondspayable | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Leaseliabilities | 21,129,263.20 | ||
| Long-termaccountspayable | |||
| Long-termemployeeremunerationpayable | |||
| Provisionforliabilities | 16,258,263.99 | 11,269,713.18 | |
| Deferredincome | 38,094,994.90 | 56,183,143.62 | |
| Deferredincometaxliabilities | 65,662,318.43 | 39,723,311.77 | |
| Othernon-currentliabilities | |||
| Totalnon-currentliabilities | 289,304,351.63 | 229,712,988.30 | |
| Totalliabilities | 4,805,618,076.65 | 3,974,733,313.03 | |
| Owners'equity(orshareholders'equity): | |||
| Paid-upcapital(orsharecapital) | 1,461,560,480.00 | 1,044,090,754.00 | |
| Otherequityinstruments | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Capitalreserve | 16,659,761.86 | 284,304,968.23 | |
| Less:Treasurystocks | 39,676,146.96 | 117,376,268.28 | |
| Othercomprehensiveincome | 346,075.73 | 346,075.73 | |
| Specialreserves | |||
| Surplusreserve | 671,500,924.20 | 533,516,976.26 | |
| Undistributedprofits | 3,902,988,857.57 | 3,182,970,483.59 | |
| Totalowners'equity(orshareholders'equity) | 6,013,379,952.40 | 4,927,852,989.53 | |
| Totalliabilitiesandowners'equity(orshareholders'equity) | 10,818,998,029.05 | 8,902,586,302.56 | |
ChairmanoftheCompany:PengZhenggangFinancialController:YaoManyingHeadoftheAccountingFirm:YaoManying
ConsolidatedIncomeStatementJanuarytoDecember2021
Unit:YuanCurrency:RMB
| Item | Notes | 2021 | 2020 |
| I.Totalrevenue | 5,496,578,624.88 | 4,172,645,156.56 | |
| Including:Revenue | VII.61 | 5,496,578,624.88 | 4,172,645,156.56 |
| Interestincome | |||
| Premiumsearned | |||
| Handlingchargesandcommissionincome | |||
| II.Totalcostofsales | 4,922,774,631.17 | 3,392,825,437.84 | |
| Including:Costofsales | VII.61 | 1,484,602,486.66 | 955,906,825.10 |
| Interestexpenses | |||
| Handlingchargesandcommissionexpenses | |||
| Paymentsonsurrender | |||
| Netclaimexpenses | |||
| Netprovisionforinsurancecontractreserves | |||
| Policyholderdividendexpenses | |||
| Reinsurancecosts | |||
| Taxesandsurcharges | VII.62 | 60,393,388.78 | 54,504,894.10 |
| Sellinganddistributionexpenses | VII.63 | 557,934,967.43 | 353,806,789.89 |
| Generalandadministrativeexpenses | VII.64 | 681,453,467.57 | 539,490,612.30 |
| R&Dexpenses | VII.65 | 2,139,296,366.07 | 1,496,058,838.32 |
| Financecosts | VII.66 | -906,045.34 | -6,942,521.87 |
| Including:Interestexpenses | 10,507,675.01 | 2,855,157.07 | |
| Interestincome | -17,150,371.61 | -11,939,357.58 | |
| Add:Otherincomes | VII.67 | 289,880,269.30 | 227,428,386.00 |
| Investmentincome(lossdenotedby"-") | VII.68 | 275,837,269.79 | 584,205,393.33 |
| Including:Shareofresultsofassociatesandjointventures | 91,328,055.87 | 10,473,834.46 | |
| Derecognitionofincomefromfinancialassetsmeasuredatamortizedcost | |||
| Exchangegains(lossdenotedby"-") | |||
| Gainsfromnetexposuretohedging(lossdenotedby"-") | |||
| Gainfromchangesinfairvalue(lossexpressedwith"-") | VII.70 | 414,401,157.02 | 103,091,491.83 |
| CreditimpairmentLosses(lossdenotedby"-") | VII.71 | -30,961,258.63 | -15,087,185.55 |
| Impairmentofassets(lossdenotedby"-") | VII.72 | -11,858,839.61 | -239,011,710.38 |
| Gainsfromthedisposalofassets(losstobelistedwith“-”) | VII.73 | -552,528.07 | 577,248.05 |
| III.Operatingprofit(lossdenotedby"-") | 1,510,550,063.51 | 1,441,023,342.00 | |
| Add:Non-operatingincome | VII.74 | 2,491,487.26 | 1,847,341.17 |
| Less:Non-operatingexpenses | VII.75 | 3,318,935.14 | 5,155,492.52 |
| IV.Totalprofit(totallossdenotedby"-") | 1,509,722,615.63 | 1,437,715,190.65 | |
| Less:Incometaxexpenses | VII.76 | 19,593,930.63 | 74,562,836.44 |
| V.Netprofit(netlossdenotedby"-") | 1,490,128,685.00 | 1,363,152,354.21 | |
| (I)Classifiedbythecontinuityofoperations | |||
| 1.Netprofitfromcontinuingoperations(netlossdenotedby"-") | 1,490,128,685.00 | 1,363,152,354.21 | |
| 2.Netprofitfromdiscontinuedoperations(netlossdenotedby"-") | |||
| (II)Classifiedbyattributionofownership | |||
| 1.Netprofitattributabletoshareholdersoftheparentcompany(netlossdenotedby"-") | 1,463,538,930.14 | 1,321,735,522.48 | |
| 2.Profitandlossofminorityshareholders(netloss | 26,589,754.86 | 41,416,831.73 | |
| denotedby"-") | |||
| VI.Othercomprehensiveincome,netoftax | VII.77 | -13,786,289.23 | -18,814,662.97 |
| (I)Othercomprehensiveincomeattributabletoownersoftheparentcompany,netoftax | -11,419,570.51 | -17,307,209.29 | |
| 1.Othercomprehensiveincomenottobesubsequentlyreclassifiedtoprofitorloss | |||
| (1)Amountofchangearisingfromremeasurementofthedefinedbenefitplan | |||
| (2)Othercomprehensiveincomenottobereclassifiedtoprofitorlossundertheequitymethod | |||
| (3)Changesinfairvalueofotherequityinstrumentinvestments | |||
| (4)Changesinfairvalueattributabletochangesincreditrisk | |||
| 2.Othercomprehensiveincometobesubsequentlyreclassifiedtoprofitorloss | -11,419,570.51 | -17,307,209.29 | |
| (1)Othercomprehensiveincometobereclassifiedtoprofitorlossundertheequitymethod | |||
| (2)Changesinfairvalueofotherdebtinvestments | -25,707.87 | 557,500.45 | |
| (3)Amountoffinancialassetsreclassifiedandchargedtoothercomprehensiveincomes | |||
| (4)Creditlossimpairmentofotherdebtinvestments | |||
| (5)Cashflowhedgereserve | |||
| (6)Foreigncurrencytranslationdifferenceinthestatements | -11,393,862.64 | -17,864,709.74 | |
| (7)Others | |||
| (II)Othercomprehensiveincomeattributabletominorityshareholders,netoftax | -2,366,718.72 | -1,507,453.68 | |
| VII.Totalcomprehensiveincome | 1,476,342,395.77 | 1,344,337,691.24 | |
| (I)Totalcomprehensiveincomeattributabletotheownersoftheparentcompany | 1,452,119,359.63 | 1,304,428,313.19 | |
| (II)Totalcomprehensiveincomeattributabletominorityshareholders | 24,223,036.14 | 39,909,378.05 | |
| VIII.Earningspershare: | |||
| (I)Basicearningspershare(RMB/share) | 1.01 | 0.90 | |
| (II)Dilutedearningspershare(RMB/share) | 1.01 | 0.90 | |
ChairmanoftheCompany:PengZhenggangFinancialController:YaoManyingHeadoftheAccountingFirm:YaoManying
IncomeStatementoftheParentCompany
JanuarytoDecember2021
Unit:YuanCurrency:RMB
| Item | Notes | 2021 | 2020 |
| I.Revenue | XVII.4 | 4,540,414,080.82 | 3,479,724,560.56 |
| Less:Costofsales | XVII.4 | 1,281,192,903.55 | 804,381,909.99 |
| Taxesandsurcharges | 48,187,613.26 | 44,090,921.30 | |
| Sellinganddistributionexpenses | 401,894,792.45 | 256,336,398.72 | |
| Generalandadministrativeexpenses | 502,017,276.69 | 424,746,766.49 | |
| R&Dexpenses | XVII.6 | 1,811,641,736.55 | 1,262,846,986.40 |
| Financecosts | 2,316,928.82 | -8,575,348.42 | |
| Including:Interestexpenses | 9,835,206.38 | 436,333.33 | |
| Interestincome | -13,406,287.93 | -9,511,502.38 | |
| Add:Otherincomes | 271,497,389.32 | 202,214,267.06 | |
| Investmentincome(lossdenotedby"-") | XVII.5 | 265,504,833.35 | 322,590,071.86 |
| Including:Shareofresultsofassociatesandjointventures | 90,518,351.65 | 10,437,512.44 | |
| Derecognitionofincomefromfinancialassetsmeasuredatamortizedcost | |||
| Gainsfromnetexposuretohedging(lossdenotedby"-") | |||
| Gainfromchangesinfairvalue(lossexpressedwith"-") | 419,730,141.73 | 99,518,213.82 | |
| CreditimpairmentLosses(lossdenotedby"-") | -20,000,010.63 | -8,697,979.82 | |
| Impairmentofassets(lossdenotedby"-") | -52,631,912.66 | -236,331,294.32 | |
| Gainsfromthedisposalofassets(losstobelistedwith“-”) | -517,980.17 | 568,970.50 | |
| II.Operatingprofits(lossdenotedby"-") | 1,376,745,290.44 | 1,075,759,175.18 | |
| Add:Non-operatingincome | 1,727,963.18 | 1,703,213.73 | |
| Less:Non-operatingexpenses | 2,578,075.83 | 4,815,965.78 | |
| III.Totalprofit(totallossdenotedby"-") | 1,375,895,177.79 | 1,072,646,423.13 | |
| Less:Incometaxexpenses | -3,989,324.37 | 48,636,564.95 | |
| IV.Netprofit(netlossdenotedby"-") | 1,379,884,502.16 | 1,024,009,858.18 | |
| (I)Netprofitfromcontinuingoperations(netlossdenotedby"-") | 1,379,884,502.16 | 1,024,009,858.18 | |
| (II)Netprofitfromdiscontinuedoperations(netlossdenotedby"-") | |||
| V.Othercomprehensiveincome,netoftax | |||
| (I)Othercomprehensiveincomenottobesubsequentlyreclassifiedtoprofitorloss | |||
| 1.Amountofchangearisingfromremeasurementofthedefinedbenefitplan | |||
| 2.Othercomprehensiveincomenottobereclassifiedtoprofitorlossundertheequitymethod | |||
| 3.Changesinfairvalueofotherequityinstrumentsinvestments | |||
| 4.Changesinfairvalueattributabletochangesincreditrisk | |||
| (II)Othercomprehensiveincometobesubsequentlyreclassifiedtoprofitorloss | |||
| 1.Othercomprehensiveincometobereclassifiedtoprofitorlossundertheequitymethod | |||
| 2.Changesinfairvalueofotherdebtinvestment | |||
| 3.Amountoffinancialassetsreclassifiedandchargedtoothercomprehensiveincome | |||
| 4.Creditlossimpairmentofotherdebtinvestments |
| 5.Cashflowhedgereserve | |||
| 6.Foreigncurrencytranslationdifferenceinthestatements | |||
| 7.Others | |||
| VI.Totalcomprehensiveincome | 1,379,884,502.16 | 1,024,009,858.18 | |
| VII.Earningspershare: | |||
| (I)Basicearningspershare(RMB/share) | |||
| (II)Dilutedearningspershare(RMB/share) | |||
ChairmanoftheCompany:PengZhenggangFinancialController:YaoManyingHeadoftheAccountingFirm:YaoManying
ConsolidatedCashFlowStatementJanuarytoDecember2021
Unit:YuanCurrency:RMB
| Item | Notes | 2021 | 2020 |
| I.Cashflowsfromoperatingactivities: | |||
| Cashreceivedfromsalesofgoodsandprovisionofservices | 5,844,844,692.26 | 5,027,045,459.45 | |
| Netincreaseindepositsfromcustomersandplacementsfrombanksandotherfinancialinstitutions | |||
| Netincreaseinborrowingsfromthecentralbank | |||
| Netincreaseinplacementsfromotherfinancialinstitutions | |||
| Cashreceivedfrompremiumsoforiginalinsurancecontracts | |||
| Netcashreceivedfromreinsuranceoperations | |||
| Netincreaseinpolicyholders'depositsandinvestments | |||
| Cashreceivedfrominterest,handlingchargesandcommission | |||
| Netincreaseinplacementsfrombanksandotherfinancialinstitutions | |||
| Netincreaseincapitalforrepurchase | |||
| Netcashreceivedfromsecuritiestradingagencyservices | |||
| Taxrebatereceived | 227,091,597.48 | 183,938,205.09 | |
| Cashreceivedfromotheroperatingactivities | VII.78 | 121,077,790.55 | 139,374,771.62 |
| Sub-totalofcashinflowsfromoperatingactivities | 6,193,014,080.29 | 5,350,358,436.16 | |
| Cashpaidforgoodsandservices | 429,996,599.28 | 264,686,930.17 | |
| Netincreaseinloansandadvancestocustomers | |||
| Netincreaseindepositsinthecentralbankandotherfinancialinstitutions | |||
| Cashpaidforclaimsonoriginalinsurancecontracts | |||
| Netincreaseinplacementswithbanksandotherfinancialinstitutions | |||
| Cashpaidforinterest,handlingchargesandcommission | |||
| Cashpaidforpolicyholders'dividend | |||
| Cashpaidtoandonbehalfofemployees | 3,523,292,673.44 | 2,407,934,548.23 | |
| Cashpaidfortaxesanddues | 573,426,098.40 | 513,810,513.17 | |
| Cashpaidforotheroperatingactivities | VII.78 | 709,509,403.03 | 766,024,174.18 |
| Sub-totalofcashoutflowsforoperatingactivities | 5,236,224,774.15 | 3,952,456,165.75 | |
| Netcashflowsfromoperatingactivities | 956,789,306.14 | 1,397,902,270.41 | |
| II.Cashflowsfrominvestingactivities: | |||
| Cashreceivedfromdisposalofinvestments | 5,671,375,826.88 | 6,100,880,297.34 | |
| Cashreceivedfrominvestmentincome | 91,272,753.60 | 107,965,090.44 | |
| Netcashreceivedfromthedisposaloffixedassets,intangibleassetsandotherlong-termassets | 335,745.57 | 876,150.00 | |
| Netcashreceivedfromthedisposalofsubsidiariesandotheroperatingentities | 121.84 | ||
| Cashreceivedfromotherinvestmentactivities | VII.78 | 2,250,490.08 | |
| Sub-totalofcashinflowsfrominvestingactivities | 5,762,984,326.05 | 6,211,972,149.70 | |
| Cashpaidforacquisitionandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 684,126,691.10 | 482,188,248.36 | |
| Cashpaidforinvestments | 5,354,401,853.32 | 6,418,659,009.01 | |
| Netincreaseinpledgedloans | |||
| Netcashpaidforacquisitionofsubsidiariesandother | 147,881,750.76 | 101,506,128.82 | |
| operatingentities | |||
| Cashpaidforotherinvestingactivities | VII.78 | 924,157.53 | |
| Sub-totalofcashoutflowsforinvestingactivities | 6,186,410,295.18 | 7,003,277,543.72 | |
| Netcashflowsfromoperatingactivities | -423,425,969.13 | -791,305,394.02 | |
| III.Cashflowfromfinancingactivities: | |||
| Cashreceivedfromcapitalcontributions | 104,148,194.52 | 135,304,016.20 | |
| Including:Cashreceivedbysubsidiariesfromcapitalcontributionsofminorityshareholders | 92,113,044.45 | 135,304,016.20 | |
| Cashreceivedfromborrowings | 1,457,773,551.92 | 388,162,654.08 | |
| Cashreceivedfromotherfinancingactivities | VII.78 | 361,621,876.00 | |
| Sub-totalofcashinflowsfromfinancingactivities | 1,923,543,622.44 | 523,466,670.28 | |
| Cashpaidforrepaymentofdebts | 1,154,950,725.42 | 354,029,904.68 | |
| Cashpaidfordistributionofdividendsorprofitsorsettlementofinterest | 165,693,795.60 | 500,966,359.80 | |
| Including:Dividendsandprofitspaidbythesubsidiariestonon-controllinginterests | 40,942,500.00 | 66,441,700.00 | |
| Cashpaidforotherfinancingactivities | VII.78 | 776,982,025.33 | 219,267,574.48 |
| Sub-totalofcashoutflowsforfinancingactivities | 2,097,626,546.35 | 1,074,263,838.96 | |
| Netcashflowsfromfinancingactivities | -174,082,923.91 | -550,797,168.68 | |
| IV.Effectofchangesinexchangeratesoncashandcashequivalents | -5,874,876.16 | -3,702,909.99 | |
| V.Netincreaseincashandcashequivalents | 353,405,536.94 | 52,096,797.72 | |
| Add:Openingbalanceofcashandcashequivalents | 1,370,028,554.66 | 1,317,931,756.94 | |
| VI.Closingbalanceofcashandcashequivalents | 1,723,434,091.60 | 1,370,028,554.66 | |
ChairmanoftheCompany:PengZhenggangFinancialController:YaoManyingHeadoftheAccountingFirm:YaoManying
CashFlowStatementoftheParentCompany
JanuarytoDecember2021
Unit:YuanCurrency:RMB
| Item | Notes | 2021 | 2020 |
| I.Cashflowsfromoperatingactivities: | |||
| Cashreceivedfromsalesofgoodsandprovisionofservices | 4,888,058,491.22 | 4,278,115,680.39 | |
| Taxrebatereceived | 215,981,764.66 | 174,769,339.66 | |
| Cashreceivedfromotheroperatingactivities | 182,379,629.26 | 196,124,272.73 | |
| Sub-totalofcashinflowsfromoperatingactivities | 5,286,419,885.14 | 4,649,009,292.78 | |
| Cashpaidforgoodsandservices | 712,654,259.84 | 464,291,427.61 | |
| Cashpaidtoandonbehalfofemployees | 2,507,969,694.70 | 1,810,974,944.77 | |
| Cashpaidfortaxesanddues | 474,127,303.70 | 443,681,780.76 | |
| Cashpaidforotheroperatingactivities | 687,191,064.00 | 708,261,496.85 | |
| Sub-totalofcashoutflowsforoperatingactivities | 4,381,942,322.24 | 3,427,209,649.99 | |
| Netcashflowsfromoperatingactivities | 904,477,562.90 | 1,221,799,642.79 | |
| II.Cashflowsfrominvestingactivities: | |||
| Cashreceivedfromdisposalofinvestments | 3,446,679,775.75 | 4,508,170,797.85 | |
| Cashreceivedfrominvestmentincome | 125,221,208.23 | 193,176,895.95 | |
| Netcashreceivedfromthedisposaloffixedassets,intangibleassetsandotherlong-termassets | 281,848.77 | 851,150.00 | |
| Netcashreceivedfromthedisposalofsubsidiariesandotheroperatingentities | |||
| Cashreceivedfromotherinvestmentactivities | 189,562,371.40 | 7,140,331.25 | |
| Sub-totalofcashinflowsfrominvestingactivities | 3,761,745,204.15 | 4,709,339,175.05 | |
| Cashpaidforacquisitionandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 474,359,557.11 | 232,296,921.00 | |
| Cashpaidforinvestments | 3,579,910,798.63 | 5,020,267,961.11 | |
| Netcashpaidforacquisitionofsubsidiariesandotheroperatingentities | |||
| Cashpaidforotherinvestingactivities | 206,222,100.00 | 6,924,157.53 | |
| Sub-totalofcashoutflowsforinvestingactivities | 4,260,492,455.74 | 5,259,489,039.64 | |
| Netcashflowsfromoperatingactivities | -498,747,251.59 | -550,149,864.59 | |
| III.Cashflowfromfinancingactivities: | |||
| Cashreceivedfromcapitalcontributions | |||
| Cashreceivedfromborrowings | 1,338,000,000.00 | 246,000,000.00 | |
| Cashreceivedfromotherfinancingactivities | 561,621,876.00 | ||
| Sub-totalofcashinflowsfromfinancingactivities | 1,899,621,876.00 | 246,000,000.00 | |
| Cashpaidforrepaymentofdebts | 1,016,260,000.00 | 211,600,000.00 | |
| Cashpaidfordistributionofdividendsorprofitsorsettlementofinterest | 123,094,675.57 | 431,976,856.57 | |
| Cashpaidforotherfinancingactivities | 885,804,607.30 | 117,376,268.28 | |
| Sub-totalofcashoutflowsforfinancingactivities | 2,025,159,282.87 | 760,953,124.85 | |
| Netcashflowsfromfinancingactivities | -125,537,406.87 | -514,953,124.85 | |
| IV.Effectofchangesinexchangeratesoncashandcashequivalents | -265,047.73 | -225,026.89 | |
| V.Netincreaseincashandcashequivalents | 279,927,856.71 | 156,471,626.46 | |
| Add:Openingbalanceofcashandcashequivalents | 625,673,073.22 | 469,201,446.76 | |
| VI.Closingbalanceofcashandcashequivalents | 905,600,929.93 | 625,673,073.22 | |
ChairmanoftheCompany:PengZhenggangFinancialController:YaoManyingHeadoftheAccountingFirm:YaoManying
ConsolidatedStatementofRetainedEarnings
JanuarytoDecember2021
Unit:YuanCurrency:RMB
| Item | 2021 | ||||||||||||||
| Owners'equityattributabletotheparentcompany | Minorityinterests | Totalowners'equity | |||||||||||||
| Paid-upcapital(orsharecapital) | Otherequityinstruments | Capitalreserve | Less:Treasurystocks | Othercomprehensiveincome | Specialreserves | Surplusreserve | Generalriskreserve | Undistributedprofits | Others | Sub-total | |||||
| Preferredshares | Perpetualbonds | Others | |||||||||||||
| I.Closingbalanceofthepreviousyear | 1,044,090,754.00 | 545,385,635.52 | 117,376,268.28 | -7,643,663.35 | 195,947,299.77 | 2,893,625,565.93 | 4,554,029,323.59 | 483,731,488.14 | 5,037,760,811.73 | ||||||
| Add:Changesinaccountingpolicies | -4,502.28 | -291,827.99 | -296,330.27 | -133,878.26 | -430,208.53 | ||||||||||
| Correctionofpriorperioderrors | |||||||||||||||
| Businesscombinationundercommoncontrol | |||||||||||||||
| Others | |||||||||||||||
| II.Openingbalanceofthecurrentyear | 1,044,090,754.00 | 545,385,635.52 | 117,376,268.28 | -7,643,663.35 | 195,942,797.49 | 2,893,333,737.94 | 4,553,732,993.32 | 483,597,609.88 | 5,037,330,603.20 | ||||||
| III.Increases/decreasesinthecurrentperiod(decreasesdenotedby"-") | 417,469,726.00 | -272,655,087.87 | -77,700,121.32 | -11,419,570.51 | 126,489,546.27 | 803,713,322.52 | 1,141,298,057.73 | 36,692,467.53 | 1,177,990,525.26 | ||||||
| (I)Totalcomprehensiveincome | -11,419,570.51 | 1,463,538,930.14 | 1,452,119,359.63 | 24,223,036.14 | 1,476,342,395.77 | ||||||||||
| (II)Capitalcontributedandreducedbyowners | -272,655,087.87 | -77,700,121.32 | -11,498,903.95 | -206,453,870.50 | 53,411,931.39 | -153,041,939.11 | |||||||||
| 1.Ordinarysharescontributedbyowners | 28,188,068.18 | 28,188,068.18 | |||||||||||||
| 2.Capitalcontributedbytheholdersofotherequityinstruments | |||||||||||||||
| 3.Amountofshare-basedpaymentschargedtoowners'equity | -289,923,619.47 | -77,700,121.32 | -212,223,498.15 | -212,223,498.15 | |||||||||||
| 4.Others | 17,268,531.60 | -11,498,903.95 | 5,769,627.65 | 25,223,863.21 | 30,993,490.86 | ||||||||||
| (III)Profitdistribution | 417,469,726.00 | 137,988,450.22 | -659,825,607.62 | -104,367,431.40 | -40,942,500.00 | -145,309,931.40 | |||||||||
| 1.Appropriationtosurplusreserve | 137,988,450.22 | -137,988,450.22 | |||||||||||||
| 2.Appropriationtogeneralriskprovision | |||||||||||||
| 3.Distributiontoowners(orshareholders) | 417,469,726.00 | -521,837,157.40 | -104,367,431.40 | -40,942,500.00 | -145,309,931.40 | ||||||||
| 4.Others | |||||||||||||
| (IV)Internaltransfersofowners'equity | |||||||||||||
| 1.Capital(orsharecapital)transferredfromcapitalreserve | |||||||||||||
| 2.Capital(orsharecapital)transferredfromsurplusreserve | |||||||||||||
| 3.Recoveryoflossesbysurplusreserve | |||||||||||||
| 4.Retainedearningstransferredfromchangesindefinedbenefitplans | |||||||||||||
| 5.Retainedearningstransferredfromothercomprehensiveincome | |||||||||||||
| 6.Others | |||||||||||||
| (V)Specialreserve | |||||||||||||
| 1.Appropriationinthecurrentperiod | |||||||||||||
| 2.Utilizedinthecurrentperiod | |||||||||||||
| (VI)Others | |||||||||||||
| IV.Closingbalanceinthecurrentperiod | 1,461,560,480.00 | 272,730,547.65 | 39,676,146.96 | -19,063,233.86 | 322,432,343.76 | 3,697,047,060.46 | 5,695,031,051.05 | 520,290,077.41 | 6,215,321,128.46 |
| Item | 2020 | ||||||||||||||
| Owners'equityattributabletotheparentcompany | Minorityinterests | Totalowners'equity | |||||||||||||
| Paid-upcapital(orsharecapital) | Otherequityinstruments | Capitalreserve | Less:Treasurystocks | Othercomprehensiveincome | Specialreserves | Surplusreserve | Generalriskreserve | Undistributedprofits | Others | Sub-total | |||||
| Preferredshares | Perpetualbonds | Others | |||||||||||||
| I.Closingbalanceofthepreviousyear | 803,146,734.00 | 472,118,644.41 | 9,663,545.94 | 186,920,340.97 | 3,007,114,120.04 | 4,478,963,385.36 | 414,413,594.24 | 4,893,376,979.60 | |||||||
| Add:Changesinaccountingpolicies | -72,096,457.53 | -666,211,301.75 | -738,307,759.28 | -10,682,109.25 | -748,989,868.53 | ||||||||||
| Correctionofpriorperioderrors | |||||||||||||||
| Businesscombinationundercommoncontrol | |||||||||||||||
| Others | |||||||||||||||
| II.Openingbalanceofthecurrentyear | 803,146,734.00 | 472,118,644.41 | 9,663,545.94 | 114,823,883.44 | 2,340,902,818.29 | 3,740,655,626.08 | 403,731,484.99 | 4,144,387,111.07 | |||||||
| III.Increases/decreasesinthecurrentperiod(decreasesdenotedby"-") | 240,944,020.00 | 73,266,991.11 | 117,376,268.28 | -17,307,209.29 | 81,123,416.33 | 552,722,747.64 | 813,373,697.51 | 80,000,003.15 | 893,373,700.66 | ||||||
| (I)Totalcomprehensiveincome | -17,307,209.29 | 1,321,735,522.48 | 1,304,428,313.19 | 39,909,378.05 | 1,344,337,691.24 | ||||||||||
| (II)Capitalcontributedandreducedbyowners | 73,266,991.11 | 117,376,268.28 | -21,277,569.49 | -65,386,846.66 | 106,532,325.10 | 41,145,478.44 | |||||||||
| 1.Ordinarysharescontributedbyowners | 75,703,547.00 | 75,703,547.00 | |||||||||||||
| 2.Capitalcontributedbytheholdersofotherequityinstruments | |||||||||||||||
| 3.Amountofshare-basedpaymentschargedtoowners'equity | 117,376,268.28 | -117,376,268.28 | -117,376,268.28 | ||||||||||||
| 4.Others | 73,266,991.11 | -21,277,569.49 | 51,989,421.62 | 30,828,778.10 | 82,818,199.72 | ||||||||||
| (III)Profitdistribution | 240,944,020.00 | 102,400,985.82 | -769,012,774.84 | -425,667,769.02 | -66,441,700.00 | -492,109,469.02 | |||||||||
| 1.Appropriationtosurplusreserve | 102,400,985.82 | -102,400,985.82 | |||||||||||||
| 2.Appropriationtogeneralriskprovision | |||||||||||||||
| 3.Distributiontoowners(or | 240,944,020.00 | -666,611,789.02 | -425,667,769.02 | -66,441,700.00 | -492,109,469.02 | ||||||||||
| shareholders) | |||||||||||||
| 4.Others | |||||||||||||
| (IV)Internaltransfersofowners'equity | |||||||||||||
| 1.Capital(orsharecapital)transferredfromcapitalreserve | |||||||||||||
| 2.Capital(orsharecapital)transferredfromsurplusreserve | |||||||||||||
| 3.Recoveryoflossesbysurplusreserve | |||||||||||||
| 4.Retainedearningstransferredfromchangesindefinedbenefitplans | |||||||||||||
| 5.Retainedearningstransferredfromothercomprehensiveincome | |||||||||||||
| 6.Others | |||||||||||||
| (V)Specialreserve | |||||||||||||
| 1.Appropriationinthecurrentperiod | |||||||||||||
| 2.Utilizedinthecurrentperiod | |||||||||||||
| (VI)Others | |||||||||||||
| IV.Closingbalanceinthecurrentperiod | 1,044,090,754.00 | 545,385,635.52 | 117,376,268.28 | -7,643,663.35 | 195,947,299.77 | 2,893,625,565.93 | 4,554,029,323.59 | 483,731,488.14 | 5,037,760,811.73 |
ChairmanoftheCompany:PengZhenggangFinancialController:YaoManyingHeadoftheAccountingFirm:YaoManying
StatementofRetainedEarningsoftheParentCompany
JanuarytoDecember2021
Unit:YuanCurrency:RMB
| Item | 2021 | ||||||||||
| Paid-upcapital(orsharecapital) | Otherequityinstruments | Capitalreserve | Less:Treasurystocks | Othercomprehensiveincome | Specialreserves | Surplusreserve | Undistributedprofits | Totalowners'equity | |||
| Preferredshares | Perpetualbonds | Others | |||||||||
| I.Closingbalanceofthepreviousyear | 1,044,090,754.00 | 284,304,968.23 | 117,376,268.28 | 346,075.73 | 533,516,976.26 | 3,182,970,483.59 | 4,927,852,989.53 | ||||
| Add:Changesinaccountingpolicies | -4,502.28 | -40,520.56 | -45,022.84 | ||||||||
| Correctionofpriorperioderrors | |||||||||||
| Others | |||||||||||
| II.Openingbalanceofthecurrentyear | 1,044,090,754.00 | 284,304,968.23 | 117,376,268.28 | 346,075.73 | 533,512,473.98 | 3,182,929,963.03 | 4,927,807,966.69 | ||||
| III.Increases/decreasesinthecurrentperiod(decreasesdenotedby"-") | 417,469,726.00 | -267,645,206.37 | -77,700,121.32 | 137,988,450.22 | 720,058,894.54 | 1,085,571,985.71 | |||||
| (I)Totalcomprehensiveincome | 1,379,884,502.16 | 1,379,884,502.16 | |||||||||
| (II)Capitalcontributedandreducedbyowners | -267,645,206.37 | -77,700,121.32 | -189,945,085.05 | ||||||||
| 1.Ordinarysharescontributedbyowners | |||||||||||
| 2.Capitalcontributedbytheholdersofotherequityinstruments | |||||||||||
| 3.Amountofshare-basedpaymentschargedtoowners'equity | -289,477,689.92 | -77,700,121.32 | -211,777,568.60 | ||||||||
| 4.Others | 21,832,483.55 | 21,832,483.55 | |||||||||
| (III)Profitdistribution | 417,469,726.00 | 137,988,450.22 | -659,825,607.62 | -104,367,431.40 | |||||||
| 1.Appropriationtosurplusreserve | 137,988,450.22 | -137,988,450.22 | |||||||||
| 2.Distributiontoowners(orshareholders) | 417,469,726.00 | -521,837,157.40 | -104,367,431.40 | ||||||||
| 3.Others | |||||||||||
| (IV)Internaltransfersofowners'equity | |||||||||
| 1.Capital(orsharecapital)transferredfromcapitalreserve | |||||||||
| 2.Capital(orsharecapital)transferredfromsurplusreserve | |||||||||
| 3.Recoveryoflossesbysurplusreserve | |||||||||
| 4.Retainedearningstransferredfromchangesindefinedbenefitplans | |||||||||
| 5.Retainedearningstransferredfromothercomprehensiveincome | |||||||||
| 6.Others | |||||||||
| (V)Specialreserve | |||||||||
| 1.Appropriationinthecurrentperiod | |||||||||
| 2.Utilizedinthecurrentperiod | |||||||||
| (VI)Others | |||||||||
| IV.Closingbalanceinthecurrentperiod | 1,461,560,480.00 | 16,659,761.86 | 39,676,146.96 | 346,075.73 | 671,500,924.20 | 3,902,988,857.57 | 6,013,379,952.40 |
| Item | 2020 | ||||||||||
| Paid-upcapital(orsharecapital) | Otherequityinstruments | Capitalreserve | Less:Treasurystocks | Othercomprehensiveincome | Specialreserves | Surplusreserve | Undistributedprofits | Totalowners'equity | |||
| Preferredshares | Perpetualbonds | Others | |||||||||
| I.Closingbalanceofthepreviousyear | 803,146,734.00 | 245,949,078.60 | 346,075.73 | 503,212,447.97 | 3,576,841,517.98 | 5,129,495,854.28 | |||||
| Add:Changesinaccountingpolicies | -72,096,457.53 | -648,868,117.73 | -720,964,575.26 | ||||||||
| Correctionofpriorperioderrors | |||||||||||
| Others | |||||||||||
| II.Openingbalanceofthecurrentyear | 803,146,734.00 | 245,949,078.60 | 346,075.73 | 431,115,990.44 | 2,927,973,400.25 | 4,408,531,279.02 | |||||
| III.Increases/decreasesinthecurrentperiod(decreasesdenotedby"-") | 240,944,020.00 | 38,355,889.63 | 117,376,268.28 | 102,400,985.82 | 254,997,083.34 | 519,321,710.51 | |||||
| (I)Totalcomprehensiveincome | 1,024,009,858.18 | 1,024,009,858.18 | |||||||||
| (II)Capitalcontributedandreducedbyowners | 38,355,889.63 | 117,376,268.28 | -79,020,378.65 | ||||||||
| 1.Ordinarysharescontributedbyowners | |||||||||||
| 2.Capitalcontributedbytheholdersofotherequityinstruments | |||||||||||
| 3.Amountofshare-basedpaymentschargedtoowners'equity | 117,376,268.28 | -117,376,268.28 | |||||||||
| 4.Others | 38,355,889.63 | 38,355,889.63 | |||||||||
| (III)Profitdistribution | 240,944,020.00 | 102,400,985.82 | -769,012,774.84 | -425,667,769.02 | |||||||
| 1.Appropriationtosurplusreserve | 102,400,985.82 | -102,400,985.82 | |||||||||
| 2.Distributiontoowners(orshareholders) | 240,944,020.00 | -666,611,789.02 | -425,667,769.02 | ||||||||
| 3.Others | |||||||||||
| (IV)Internaltransfersofowners'equity | |||||||||||
| 1.Capital(orsharecapital)transferredfromcapitalreserve | |||||||||
| 2.Capital(orsharecapital)transferredfromsurplusreserve | |||||||||
| 3.Recoveryoflossesbysurplusreserve | |||||||||
| 4.Retainedearningstransferredfromchangesindefinedbenefitplans | |||||||||
| 5.Retainedearningstransferredfromothercomprehensiveincome | |||||||||
| 6.Others | |||||||||
| (V)Specialreserve | |||||||||
| 1.Appropriationinthecurrentperiod | |||||||||
| 2.Utilizedinthecurrentperiod | |||||||||
| (VI)Others | |||||||||
| IV.Closingbalanceinthecurrentperiod | 1,044,090,754.00 | 284,304,968.23 | 117,376,268.28 | 346,075.73 | 533,516,976.26 | 3,182,970,483.59 | 4,927,852,989.53 |
ChairmanoftheCompany:PengZhenggangFinancialController:YaoManyingHeadoftheAccountingFirm:YaoManying
III.GENERALINFORMATIONOFTHECOMPANY
1.CompanyProfile
√Applicable□NotApplicableHundsunTechnologiesInc.(hereafterreferredtoasthe“Company”)isajoint-stocklimitedcompanyestablishedby15individualshareholders,includingHangzhouHundsunElectronicsGroupCo.,Ltd.,ChinaNationalInvestment&GuarantyCo.,Ltd.andHuangDacheng,onthebasisoftheoriginalHundsunTechnologiesInc.,whichwasregisteredwiththeIndustrialandCommercialAdministrationofZhejiangProvinceonDecember13,2000,withtheapprovaloftheListingAffairTeamofthePeople’sGovernmentofZhejiangProvincethroughthedocument(ZSS[2000]48).TheCompanynowholdsabusinesslicensewithUSCI:913300002539329145,andtheregisteredcapitalofRMB1,461,560,480dividedintoatotalof1,461,560,480shares(RMB1foreachshare),allofwhichareoutstandingshareswithoutsellingrestrictions.TheCompany'sshareswerelistedonTheShanghaiStockExchangeonDecember16,2003.TheCompanyoperatesinthesoftwareandinformationtechnologyserviceindustry.TheCompany'sbusinesscoverstechnologydevelopment,consultancy,servicesandresultstransferofcomputersoftware;computersystemsintegration;design,contractingandinstallationofautomationandcontrolengineering;salesofcomputersandaccessories;productionandsalesofelectronicequipment,communicationequipment,computerhardwareandexternaldevices;leasesofself-ownedpremises;importandexportbusiness.MainproductsorservicesprovidedbytheCompanycoverdevelopmentandsalesofcomputersoftwareproductsandsystemintegrationforsecurities,finance,transportationandotherindustries;andsalesofcomputersandaccessories.Thefinancialstatementshavebeenapprovedforpublicationatthe24
thmeetingoftheSeventhBoardoftheCompanyonMarch29,2022.
2.ScopeoftheConsolidatedFinancialStatements
√Applicable□NotApplicable
ThesubsidiariesincludedintheCompany’sconsolidatedfinancialstatementsforthecurrentperiodareshownbelow,pleaserefertoNotesVIIIandIXtothesefinancialstatementsfordetails.
| S/N | Fullcompanyname | Abbreviation | Remark |
| 1 | HangzhouHundsunCloudInvestmentHoldingCo.,Ltd. | CloudInvestment | Subsidiary |
| 1-1 | HangzhouHundsunScienceParkDevelopmentCo.,Ltd.[Note1] | HundsunSciencePark | SubsidiaryofCloudInvestment |
| 1-1-1 | NanjingHundsunScienceParkOperationManagementCo.,Ltd. | NanjingHundsun | SubsidiaryofHundsunSciencePark |
| 1-1-2 | QuzhouHundsunScienceParkOperationManagementCo.,Ltd.[Note2] | QuzhouHundsun | SubsidiaryofHundsunSciencePark |
| 1-1-3 | ShaoxingKeqiaoHenghuiPhoenixScienceParkOperationManagementCo.,Ltd. | ShaoxingHenghui | SubsidiaryofHundsunSciencePark |
| 2 | WuxiHenghuaTechnologyDevelopmentCo.,Ltd. | WuxiHenghua | Wholly-ownedsubsidiary |
| 3 | HangzhouHundsunDataSecurityTechnologyCo.,Ltd. | DataSecurity | Subsidiary |
| 4 | JinruiSoftwareTechnology(Hangzhou)Co.,Ltd. | JinruiSoftware | Wholly-ownedsubsidiary |
| 5 | BeijingQiantangHundsunTechnologyCo.,Ltd. | BeijingQiantang | Wholly-ownedsubsidiary |
| 6 | ShanghaiYiruiManagementConsultingCo.,Ltd. | ShanghaiYirui | Subsidiary |
| 7 | JapanHundsunSoftwareInc. | JapanHundsun | Subsidiary |
| 7-1 | HangzhouBeiyingTechnologyCo.,Ltd. | HangzhouBeiying | SubsidiaryofJapan |
| S/N | Fullcompanyname | Abbreviation | Remark |
| Hundsun | |||
| 8 | HundsunInternationalTechnologiesHoldingLimited | HundsunInternationalTechnologies | Subsidiary |
| 9 | HundsunHoldingsLimited | HundsunHoldings | Subsidiary |
| 9-1 | HundsunAyersTechnologiesLimited | HundsunAyers | SubsidiaryofHundsunHoldings |
| 9-2 | AyersTechnologies(Singapore)PrivateLimited | AyersTechnologies(Singapore) | SubsidiaryofHundsunAyers |
| 9-3 | Hundsun.ComCo.,Limited | HundsunHK | SubsidiaryofHundsunAyers |
| 9-4 | ShenzhenYungangTechnologyCo.,Ltd. | ShenzhenYungang | SubsidiaryofHundsunAyers |
| 10 | ShanghaiLimingTechnologyCo.,Ltd. | ShanghaiLiming | Wholly-ownedsubsidiary |
| 11 | ShanghaiGildataInc | ShanghaiGildata | Subsidiary |
| 11-1 | HangzhouGildataInformationTechnologyCo.,Ltd. | HangzhouGildata | SubsidiaryofShanghaiGildata |
| 12 | HangzhouYunhuiInvestmentManagementCo.,Ltd. | HangzhouYunhui | Wholly-ownedsubsidiary |
| 13 | HangzhouCloudwingNetworkTechnologyCo.,Ltd. | CloudwingNetwork | Subsidiary |
| 13-1 | HangzhouHundsunLirongSoftwareCo.,Ltd. | HundsunLirong | SubsidiaryofCloudwingNetwork |
| 14 | HangzhouSecuritiesInvestmentNetworkTechnologyCo.,Ltd. | SecuritiesInvestmentNetwork | Subsidiary |
| 15 | HangzhouCloudyeeNetworkTechnologyCo.,Ltd. | CloudyeeNetwork | Subsidiary |
| 16 | HangzhouYunyongNetworkTechnologyCo.,Ltd. | YunyongNetwork | Subsidiary |
| 17 | HangzhouCloudbrokerNetworkTechnologyCo.,Ltd. | CloudbrokerNetwork | Subsidiary |
| 18 | HangzhouYunlianNetworkTechnologyCo.,Ltd. | YunlianNetwork | Subsidiary |
| 19 | HangzhouShanshangNetworkTechnologyCo.,Ltd. | ShanshangNetwork | Subsidiary |
| 19-1 | BeijingXinruanfuInformationTechnologyCo.,Ltd.[Note3] | BeijingXinruanfu | SubsidiaryofShanshangNetwork |
| 20 | HangzhouYimaInvestmentManagementCo.,Ltd. | HangzhouYima | Wholly-ownedsubsidiary |
| 21 | HangzhouHundsunWengineNetworkTechnologyCo.,Ltd. | WengineNetwork | Subsidiary |
| 22 | HundsunIntercontinentalHoldings(HK)Limited | IntercontinentalHoldings | Wholly-ownedsubsidiary |
| 22-1 | HundsunGlobalServicesInc. | HundsunU.S. | SubsidiaryofIntercontinentalHoldings |
| 22-2 | ChainNextTechnologiesLimited | ChainNext | SubsidiaryofIntercontinentalHoldings |
| 22-3 | HundsunInternational(PTC)Ltd | HundsunInternational | SubsidiaryofIntercontinentalHoldings |
| 23 | GuangdongInstituteofFinancialInnovation | GuangdongInstituteofFinance | Subsidiary |
| 24 | HangzhouXingluEquityInvestmentPartnership(L.P.) | HangzhouXinglu | Subsidiary |
| 25 | BusinessIntelligenceInfo.Tech.(Hangzhou)Co.,Ltd. | BusinessIntelligence(Hangzhou) | Subsidiary |
| 26 | ShanghaiHunsunShengtianNetworkTechnologyCo.,Ltd. | ShengtianNetwork | Wholly-ownedsubsidiary |
| 27 | HangzhouZhiguNetworkTechnologyCo.,Ltd. | ZhiguNetwork | Subsidiary |
| 28 | ZhejiangJingtengNetworkTechnologyCo.,Ltd. | JingtengNetwork | Subsidiary |
| 29 | WuxiXingluTianchengInvestmentManagementPartnership(L.P.) | WuxiXinglu | Subsidiary |
| 30 | HundsunIHSMarkitChinaTechnologiesCo.,Ltd. | IHSMarkit | Subsidiary |
| 30-1 | HundsunIHSMarkitChina(HongKong)TechnologiesLimited | IHSMarkit(HongKong) | SubsidiaryofIHSMarkit |
| 31 | BusinessMatrixSoftwareTechnologyLtd. | BusinessMatrix | Subsidiary |
| 32 | NanjingXingchengEquityInvestmentPartnership(L.P.) | NanjingXingcheng | Subsidiary |
| 33 | ShanghaiGenus-FinanceInformationTechnologyCo.,Ltd. | ShanghaiGenus | Subsidiary |
| S/N | Fullcompanyname | Abbreviation | Remark |
| 33-1 | GenSysTechnology(International)Limited | GenSysTechnology | SubsidiaryofShanghaiGenus |
| 34 | ShanghaiDworldAITechCo.,Ltd. | ShanghaiDworld | Subsidiary |
| 34-1 | ChangshaDworldAITechnologyCo.,Ltd. | ChangshaDworld | SubsidiaryofShanghaiDworld |
| 35 | HundsuniBontal(Guangdong)TechnologyCo.,Ltd. | HundsuniBontal | Subsidiary |
| 36 | ZhejiangXunchangWendaoNetworkInformationTechnologyCo.,Ltd. | XunchangWendao | Subsidiary |
| 37 | NanjingXingdingEquityInvestmentPartnership(L.P.) | NanjingXingding | Subsidiary |
[Note1]FormerlyknownasHangzhouHundsunBaichuanTechnologyCo.,Ltd.[Note2]QuzhouHundsuncompletedthecompanycancellationproceduresonSeptember15,2021.[Note3]BeijingXinruanfucompletedthecompanycancellationproceduresonSeptember15,2021.IV.BASISOFPREPARATIONOFFINANCIALSTATEMENTS
1.BasisofPreparationThefinancialstatementsoftheCompanyarepresentedonacontinuingoperationbasis.
2.ContinuingOperation
√Applicable□NotApplicableTherewerenoeventsorcircumstancesthatwouldgiverisetomaterialdoubtabouttheCompany'sabilitytocontinueasagoingconcernduring12monthsfromtheReportingPeriod.V.MAJORACCOUNTINGPOLICIESANDACCOUNTINGESTIMATESNotestospecificaccountingpoliciesandaccountingestimates:
√Applicable□NotApplicableImportantNote:TheCompanyhasformulatedspecificaccountingpoliciesandaccountingestimatesfortransactionsoreventssuchasimpairmentoffinancialinstruments,depreciationoffixedassets,depreciationofright-to-useassets,amortizationofintangibleassetsandrecognitionofincomeaccordingtotheactualproductionandoperationcharacteristics.
1.StatementofCompliancewiththeAccountingStandardsforBusinessEnterprisesThefinancialstatementsoftheCompanyarepreparedinaccordancewiththerequirementsoftheAccountingStandardsforBusinessEnterprises,andtrulyandfullypresenttheinformationsuchasthefinancialposition,businessperformance,changesinshareholders'equityandcashflowsoftheCompany.
2.AccountingPeriodTheaccountingyearoftheCompanyisfromJanuary1toDecember31.
3.OperatingCycle
√Applicable□NotApplicableTheCompanyadopts12monthstoidentifythecurrentnatureofassetsandliabilitiessincetheoperatingcycleistooshortfortheCompany'sbusiness.
4.FunctionalCurrencyRenminbi("RMB")isadoptedbytheCompanyasthefunctionalcurrency.TheCompanyanditsdomesticsubsidiariesadoptRMBastheirfunctionalcurrency,anditsoverseassubsidiariessuchasJapanHundsun,HundsunInternationalTechnologies,HundsunHoldings,HundsunAyers,HundsunHK,AyersTechnologies(Singapore),IntercontinentalHoldings,HundsunU.S.,ChainNext,HundsunInternational,HundsunHoldings,IHSMarkit(HongKong)andGenSysTechnology,whichengagedinoverseasoperations,adoptthecurrencyoftheirspecificeconomicenvironmentsastheirfunctionalcurrency.
5.AccountingMethodsforBusinessCombinationunderandNotunderCommonControl
√Applicable□NotApplicable
1.AccountingmethodforbusinesscombinationundercommoncontrolAssetsandliabilitiesobtainedbytheCompanyinthebusinesscombinationarerecognizedattheircarryingamountsatthecombinationdateasrecordedbytheacquiree.TheCompanyadjustsitscapitalreservesbythedifferencebetweenthecarryingamountoftheowners'equityintheacquireeaccountedforintheconsolidatedfinancialstatementsoftheultimatecontrollingpartyandthecarryingamountoftheconsiderationpaidforthebusinesscombination(oraggregatecarryingamountofthesharesissued).Ifthebalanceofthecapitalreserveisinsufficientforthewritten-off,theretainedprofitswillbeadjustedaccordingly.
2.AccountingmethodforbusinesscombinationnotundercommoncontrolWherethecombinationcostexceedsthefairvalueoftheacquiree’sidentifiablenetassetsonthecombinationdateinthebusinesscombination,thedifferenceisrecognizedasgoodwill.Wherethecombinationcostislessthanthefairvalueoftheacquiree’sidentifiablenetassetsinthebusinesscombination,themeasurementofthefairvalueofvariousidentifiableassets,liabilitiesandcontingentliabilitiesacquiredfromtheacquireesandthecombinationcostwillbereviewedfirstandthedifferenceischargedtothecurrentprofitorlossintheeventthecombinationcostbytheacquirerisstilllessthanthefairvalueoftheacquiree'sidentifiablenetassetsinthebusinesscombinationafterreview.
6.PreparationofConsolidatedFinancialStatements
√Applicable□NotApplicable
Theparentcompanyincludesallsubsidiariesunderitscontrolintheconsolidationscopeforconsolidatedfinancialstatements,whicharepreparedbytheparentcompanypursuanttoAccountingStandardsforBusinessEnterprisesNo.33-ConsolidatedFinancialStatementsbasedonthefinancialstatementsoftheparentcompanyanditssubsidiariesandotherrelevantinformation.
7.ClassificationofJointArrangementandAccountingMethodforJointOperation
√Applicable□NotApplicable
(1)Ajointarrangementisdividedintojointoperationandjointventure.
(2)WhentheCompanyisapartyofajointoperation,thefollowingitemsassociatedwiththeinterest
shareofthejointoperationwillberecognized:
1)theassetsseparatelyheldandtheassetsjointlyheldaccordingtotheholdingshares;
2)theliabilitiesseparatelyassumedandtheliabilitiesjointlyassumedaccordingtotheholdingshares;
3)therevenuearisingfromtherecognitionoftheshareofthejointoperationattributabletothedisposalcompany;
4)therevenuearisingfromthedisposalofassetsofthejointoperationrecognizedaccordingtotheholdingsharesoftheCompany;
5)theexpensesrecognizedunilaterallyandtheexpensesinthejointoperationrecognizedaccordingtotheholdingshares.
8.RecognitionStandardsforCashandCashEquivalents
Cashequivalentsrepresenttheenterprises'short-term(generallymaturingwithinthreemonthsfromthedateofpurchase)andhighlyliquidinvestmentsthatarereadilyconvertibletoknownamountsofcash,andsubjecttoaninsignificantriskofchangesinvalue.
9.TranslationofForeignCurrencyOperationsandForeignCurrencyStatements
√Applicable□NotApplicable
(1)Translationofforeigncurrencyoperations
Uponinitialrecognition,foreigncurrencytransactionsaretranslatedintoamountsinRMBatexchangeratesthatapproximatethespotexchangeratesonthedatesoftransactions.Onthebalancesheetdate,foreigncurrencymonetaryitemsaretranslatedatthespotexchangerateonthebalancesheetdate.Thetranslationdifferencesarisingfromdifferentexchangerates,exceptthoserelatingtotheprincipleofandinterestsontheforeigncurrencyborrowingsfortheacquisition,constructionorproductionofassetseligibleforcapitalization,arechargedtothecurrentprofitorloss.Alsoonthebalancesheetdate,foreigncurrencynon-monetaryitemsmeasuredathistoricalcostcontinuetobetranslatedattheratesthatapproximatethespotexchangeratesonthedatesoftransactionsanditdoesnotchangeitscarryingamountinRMB.Foreigncurrencynon-monetaryitemsmeasuredatfairvaluearetranslatedatthespotexchangerateonthefairvaluerecognitiondate.Thedifferencesarisingfromtheabovetranslationsarechargedtothecurrentprofitorlossorothercomprehensiveincomeforthecurrentperiod.
(2)Foreigncurrencytranslationinthestatements
Assetsandliabilitiesonthebalancesheetaretranslatedatthespotexchangerateonthebalancesheetdate;owners'equityitemsexceptfor"undistributedprofits"aretranslatedatthespotexchangeratesonthedatesoftransactions;incomeandexpensesintheincomestatementaretranslatedatthespotexchangerateonthebalancesheetdate.Theforeigncurrencytranslationdifferencesinthestatementsarisingfromtheabovetranslationsarechargedtoothercomprehensiveincome.
10.FinancialInstruments
√Applicable□NotApplicable
(1)Classificationoffinancialassetsandfinancialliabilities
TheCompanyclassifiesitsfinancialassetsintothefollowingthreecategoriesatinitialrecognition:1)financialassetsatamortizedcost;2)financialassetsatfairvaluethroughothercomprehensiveincome;3)financialassetsatfairvaluethroughprofitorloss(FVTPL).TheCompanyclassifiesitsfinancialliabilitiesintothefollowingfourcategoriesatinitialrecognition:
1)financialliabilitiesatFVTPL;2)financialliabilitiesarisingfromthetransferoffinancialassetswhichdidnotqualifyforderecognitionorcontinuinginvolvementinthetransferredfinancialassets;3)financialguaranteecontractsnotclassifiedasthosespecifiedintheaboveitem1)or2),andloancommitmentforloanstobegrantedataninterestratebelowthemarketratewhichisnotclassifiedasthosespecifiedintheaboveitem1);4)financialliabilitiesatamortizedcost.
(2)Recognition,measurementandderecognitionoffinancialassetsandfinancialliabilities
1)Basisofrecognitionandinitialmeasurementmethodoffinancialassetsandfinancialliabilities
TheCompanyrecognizesafinancialassetorafinancialliabilitywhenbeingonepartytoafinancialinstrumentcontract.Financialassetsorfinancialliabilitiesareinitiallyrecognizedatfairvalue.ForfinancialassetsorfinancialliabilitiesatFVTPL,therelevanttransactioncostsaredirectlyrecognizedinprofitorlossfortheperiod;forotherfinancialassetsorfinancialliabilities,therelevanttransactioncostsarerecognizedintheirinitialrecognitionamount.However,accountsreceivablewithoutasignificantfinancingcomponentinitiallyrecognizedbytheCompany,orfinancingcomponentsnotconsideredbytheCompanyinacontractvalidforlessthanoneyear,areinitiallymeasuredattransactionpriceasdefinedintheAccountingStandardsforBusinessEnterprisesNo.14-Revenue.
2)Subsequentmeasurementoffinancialassets
①Financialassetsatamortizedcost
Thesefinancialassetsaresubsequentlymeasuredatamortizedcost,usingtheeffectiveinterestmethod.Anygainsorlossesonfinancialassetsatamortizedcostwhicharenotpartofthehedgingrelationshiparechargedtothecurrentprofitorlossatderecognition,reclassification,amortizationusingtheeffectiveinterestmethod,orrecognitionofimpairment.
②Debtinstrumentinvestmentsatfairvaluethroughothercomprehensiveincome
Thesedebtinstrumentinvestmentsaresubsequentlymeasuredatfairvalue.Interest,impairmentlossesorgainsandexchangegainsorlossescalculatedusingtheeffectiveinterestmethodarechargedtothecurrentprofitorloss,whileothergainsorlossesarechargedtoothercomprehensiveincome.Atderecognition,cumulativegainsorlossespreviouslychargedtoothercomprehensiveincomearetransferredfromothercomprehensiveincomeandchargedtothecurrentprofitorloss.
③Equityinstrumentinvestmentsatfairvaluethroughothercomprehensiveincome
Theseequityinstrumentinvestmentsaresubsequentlymeasuredatfairvalue.Dividendsobtained(excludingthoseobtainedasinvestmentcostsrecovered)arechargedtothecurrentprofitorloss,whileothergainsorlossesarechargedtoothercomprehensiveincome.Atderecognition,cumulativegainsorlossespreviouslychargedtoothercomprehensiveincomearetransferredfromothercomprehensiveincomeandchargedtoretainedearnings.
④FinancialassetsatFVTPL
Thesefinancialassetsaresubsequentlymeasuredatfairvalue,andanygainsorlossestherefrom
(includinginterestanddividendincomes)arechargedtothecurrentprofitorlossunlesssuchfinancialassetsarepartofthehedgingrelationship
3)Subsequentmeasurementmethodoffinancialliabilities
①FinancialliabilitiesatFVTPLThesefinancialliabilitiesincludeheld-for-tradingliabilities(includingderivativeinstrumentsclassifiedasfinancialliabilities)andfinancialliabilitiesdesignatedasatFVTPL.Suchfinancialliabilitiesaresubsequentlymeasuredatfairvalue.ChangesinthefairvalueoffinancialliabilitiesdesignatedatFVTPLasaresultofchangesintheCompany’sowncreditriskarechargedtoothercomprehensiveincomeunlessthisapproachcreatesorenlargesanaccountingmismatchintheprofitorloss.Othergainsorlossesonsuchfinancialliabilities(includinginterestexpensesandchangesinfairvalueotherthanasaresultofchangesintheCompany’sowncreditrisk)arechargedtothecurrentprofitorlossunlesssuchfinancialliabilitiesarepartofthehedgingrelationship.Atderecognition,cumulativegainsorlossespreviouslychargedtoothercomprehensiveincomearetransferredfromothercomprehensiveincomeandchargedtoretainedearnings.
②FinancialliabilitiesarisingfromthetransferoffinancialassetswhichdidnotqualifyforderecognitionorcontinuinginvolvementinthetransferredfinancialassetsaremeasuredinaccordancewiththeAccountingStandardsforBusinessEnterprisesNo.23-TransferofFinancialAssets.
③Financialguaranteecontractsnotclassifiedasthosespecifiedintheaboveitem①or②,andloancommitmentforloanstobegrantedataninterestratebelowthemarketratewhichisnotclassifiedasthosespecifiedintheaboveitem①
Afterinitialrecognition,theamountsintheabovetwocasesaresubsequentlymeasuredatthehigherofI)provisionsforlossesdeterminedaccordingtorequirementsontheimpairmentoffinancialinstruments;II)theinitiallyrecognizedamountlessaccumulatedamortizationdeterminedaccordingtoAccountingStandardsforBusinessEnterprisesNo.14-Revenue.
④Financialliabilitiesatamortizedcost
Thesefinancialliabilitiesaremeasuredatamortizedcost,usingtheeffectiveinterestmethod.Anygainsorlossesonfinancialliabilitiesatamortizedcostandnotpartofanyhedgingrelationshiparechargedtothecurrentprofitorlossatderecognition,oramortizationusingtheeffectiveinterestmethod.
4)Derecognitionoffinancialassetsandfinancialliabilities
①Financialassetsarederecognizedwhen:
I)thecontractualrightstothecashflowsfromthefinancialassetsexpire;
II)thefinancialassetshavebeentransferred,andsuchtransfermeetstherequirementsoftheAccountingStandardsforBusinessEnterprisesNo.23-TransferofFinancialAssetsonthederecognitionoffinancialassets.
②Financialliabilities(orpartthereof)arederecognizedifpresentobligationsforthefinancialliabilities(orpartthereof)arereleased.
(3)Recognitionbasisandmeasurementmethodfortransferoffinancialassets
Whentransferringsubstantiallyalltherisksandrewardsofownershipofthefinancialassets,theCompanyshallderecognizethefinancialassetsandrecognizeseparatelyasassetsorliabilitiesanyrights
andobligationscreatedorretainedinthetransfer.Whenretainingsubstantiallyalltherisksandrewardsofownershipofthefinancialassets,theCompanyshallcontinuetorecognizethefinancialassets.IftheCompanyneithertransfersnorretainssubstantiallyalltherisksandrewardsofownershipofthefinancialasset,and(1)iftheCompanyhasnotretainedcontrolofthefinancialasset,itshallderecognizethefinancialassetsandrecognizeanyrightsandobligationscreatedorretainedinthetransferseparatelyasassetsorliabilities;(2)iftheCompanyhasretainedcontrolofthefinancialasset,itshallcontinuetorecognizethefinancialassettotheextentofitscontinuinginvolvementinthefinancialasset,andrelevantliabilitiesaccordingly.Ifatransferoffinancialassetsintheirentiretyqualifiesforderecognition,thedifferencebetweenthefollowingtwoitemsshallbechargedtothecurrentprofitorloss:(1)thecarryingamountofthetransferredfinancialassetsatthedateofderecognition;(2)thesumoftheconsiderationreceivedforthetransferoffinancialassetsandtheportionofaccumulatedfairvalueadjustmentspreviouslychargedtoothercomprehensiveincomewhichisderecognized(withthetransferredassetsbeingdebtinstrumentinvestmentsatfairvaluethroughothercomprehensiveincome).Ifapartofthefinancialassetsistransferred,andsuchtransferredportionqualifiesforderecognitioninitsentirety,thecarryingamountofthefinancialassetpriortothetransferisallocatedbetweentheportionderecognizedandtheportionretained,attheirrespectiverelativefairvaluesonthedateoftransfer,andthedifferencebetweenthefollowingtwoitemsischargedtothecurrentprofitorloss:(1)thecarryingamountoftheportionderecognized;(2)thesumoftheconsiderationoftheportionderecognized,andtheportionofaccumulatedfairvalueadjustmentspreviouslychargedtoothercomprehensiveincomewhichisderecognized(withthetransferredassetsbeingdebtinstrumentinvestmentsatfairvaluethroughothercomprehensiveincome).
(4)DeterminationoffairvalueoffinancialassetsandfinancialliabilitiesTheCompanyrecognizesthefairvaluesofrelevantfinancialassetsandfinancialliabilitiesbyadoptingvaluationtechniquesthatarecurrentlyapplicableandhavesufficientdataavailableandotherinformationsupport.TheCompanycategorizesinputsofthevaluationtechniquesintothefollowinglevels:
1)Level1inputsarequotedprices(unadjusted)inactivemarketsforidenticalassetsorliabilitiesavailableforentitiesonthemeasurementdate;
2)Level2inputsareinputs,otherthanquotedpricesincludedwithinLevel1,thatareobservablefortherelevantassetorliability,eitherdirectlyorindirectly;includingsimilarquotedpricesofassetsandliabilitiesinactivemarkets,thesameorsimilarquotedpricesofassetsandliabilitiesinnon-activemarkets,othersignificantinputsotherthanquotedpricessuchasobservableinterestratecurvesandreturncurvesinthenormalquotingintervals,andtheinputsverifiedbythemarkets;
3)Level3inputsareunobservableinputsfortherelevantassetorliability,includinginterestrate,volatilityinequityprices,futurecashflowsinrespectoftheabandonedobligationscommittedinthebusinesscombination,andfinancialpredictionsusingowndata,whichcannotbedirectlyobservedorverifiedbyobservablemarketdata.
(5)Impairmentoffinancialinstruments
Measurementofandaccountingforimpairmentoffinancialinstruments
Basedonexpectedcreditlosses,theCompanyaccountsfortheimpairmentof,andrecognizesprovisionsforlosseson,financialassetsatamortizedcost,debtinstrumentinvestmentsatfairvalue
throughothercomprehensiveincome,contractassets,leasereceivables,loancommitmentnotclassifiedasfinancialliabilitiesatfairvaluethroughprofitorloss,andfinancialguaranteecontractsnotclassifiedasfinancialliabilitiesatfairvaluethroughprofitorlossorfinancialliabilitiesarisingfromthetransferoffinancialassetsnotqualifyforderecognitionorcontinuinginvolvementinthetransferredfinancialassets.
Theexpectedcreditlossreferstotheweightedaverageofthecreditlossesoffinancialinstrumentsthatareweightedbytheriskofdefault.CreditlossreferstothedifferencebetweenallcontractualcashflowsreceivablefromthecontractandallcashflowsexpectedtobereceivedbytheCompanyattheoriginaleffectiveinterestrate,namely,thepresentvalueofallcashshortages.Amongthem,purchasedororiginatedcredit-impairedfinancialassetsshallbediscountedattheadjustedeffectiveinterestrateofthefinancialassets.
Forpurchasedororiginatedcredit-impairedfinancialassets,theCompanyrecognizesaslossreservesonthebalancesheetdate,onlythecumulativechangesinlifetimeexpectedcreditlossesfrominitialrecognition.
Forleasereceivables,andreceivablesandcontractassetsarisingfromatransactionundertheAccountingStandardsforBusinessEnterprisesNo.14-Revenue,theCompanycalculatesthelossreservesbasedonthelifetimeexpectedcreditlossusingasimplifiedmeasurementmethod.
Inadditiontofinancialassetsinrespectofwhichtheaforesaidmeasurementapproachesareadopted,theCompanyassesseswhethertherehasbeenasignificantincreaseinitscreditrisk,oneachbalancesheetdate.Iftherehasbeenasignificantincreaseinthecreditrisksinceinitialrecognition,thelossreservesaremeasuredatthelifetimeexpectedcreditloss.Iftherehasnotbeenasignificantincreaseinthecreditrisksinceinitialrecognition,thelossreservesaremeasuredatthe12-monthexpectedcreditloss.
Whethertherehasbeenasignificantincreaseinthecreditriskonafinancialinstrumentsinceinitialrecognitionisdetermined,usingavailable,reasonableandsupportableinformationincludingforward-lookinginformation,andbycomparingtheriskofdefaultonthefinancialinstrumentonthebalancesheetdatewiththatonthedateofinitialrecognition.
TheCompanyassumesthattherehasnotbeenasignificantincreaseinthecreditriskifafinancialinstrumentisdeterminedtohavealowcreditriskonthebalancesheetdate.
TheCompanyassessestheexpectedcreditriskandmeasurestheexpectedcreditlossesonthebasisofanindividualfinancialinstrumentoraportfoliooffinancialinstruments.Whenconductinganassessmentandmeasurementbasedonaportfoliooffinancialinstruments,theCompanycategorizesfinancialinstrumentsintovariousgroupsbasedoncommoncharacteristicsofrisks.
Expectedcreditlossesareremeasuredoneachbalancesheetdate,andanyincreaseorreversaloflossreservesarisingtherefromischargedtothecurrentprofitorlossasimpairmentlossesorgains.Forafinancialassetatamortizedcost,thelossreservereducesthecarryingamountofthefinancialassetaspresentedinthebalancesheet.Foradebtinstrumentinvestmentatfairvaluethroughothercomprehensiveincome,thelossreverseisrecognizedinothercomprehensiveincomewithoutreducingthecarryingamountofthefinancialasset.
(6)Offsettingfinancialassetsandfinancialliabilities
Financialassetsandfinancialliabilitiesarepresentedseparatelyfromeachotherinthebalancesheetandarenotoffset.However,financialassetsandfinancialliabilitiesareoffsetandthenetamountis
presentedinthebalancesheetwhenbothofthefollowingconditionsaremet:1)theCompanyhasalegalrighttosetofftherecognizedamountsandthelegalrightiscurrentlyenforceable;2)theCompanyintendseithertosettleonanetbasisortorealizethefinancialassetsandsettlethefinancialliabilitiessimultaneously.
Whenthetransferoffinancialassetsfailstomeetthederecognitionconditions,theCompanyshallnotoffsetsuchtransferredfinancialassetswiththerelevantliabilities.
11.BillsreceivableDeterminationMethodandAccountingMethodofExpectedCreditLossofBillsReceivable
√Applicable□NotApplicable
| Item | Groupingbasis | Expectedcreditlosscalculationmethod |
| Bankacceptancebillreceivable | BillType | Theexpectedcreditlossiscalculated,withreferencetohistoricalcreditlossexperience,inconsiderationofcurrentconditionsandexpectationoffutureeconomicconditions,andbasedonthedefaultriskexposureandlifetimeexpectedcreditlossrate. |
| Commercialacceptancebillreceivable |
12.AccountsreceivableDeterminationMethodandAccountingMethodofExpectedCreditLossofAccountsReceivable
√Applicable□NotApplicable
| Item | Groupingbasis | Expectedcreditlosscalculationmethod |
| Accountsreceivable-groupedbyaging | Aging | Atableofagingofaccountsreceivableandlifetimeexpectedcreditlossratesisprepared,andtheexpectedcreditlossiscalculated,withreferencetohistoricalcreditlossexperience,inconsiderationofcurrentconditionsandexpectationsoffutureeconomicconditions. |
| Accountsreceivable-groupedbyrelatedpartytransactionsintheconsolidationscope | Nature | Theexpectedcreditlossiscalculated,withreferencetohistoricalcreditlossexperience,inconsiderationofcurrentconditionsandexpectationoffutureeconomicconditions,andbasedonthedefaultriskexposureandlifetimeexpectedcreditlossrate. |
AccountsReceivable-ATableofAgingofAccountsReceivableandLifetimeExpectedCreditLossRatesGroupedbyAging
| Aging | AccountsreceivableExpectedcreditlossrate(%) |
| Within1year(inclusive,thesamebelow) | 5.00 |
| 1-2years | 10.00 |
| 2-3years | 30.00 |
| Over3years | 100.00 |
13.Receivablesfinancing
□Applicable√NotApplicable
14.OtherreceivablesDeterminationMethodandAccountingMethodofExpectedCreditLossofOtherReceivables
√Applicable□NotApplicable
| Item | Groupingbasis | Expectedcreditlosscalculationmethod |
| Otherreceivables-groupedbyrelatedpartytransactionsintheconsolidationscope | Nature | Theexpectedcreditlossiscalculated,withreferencetohistoricalcreditlossexperience,inconsiderationofcurrentconditionsandexpectationoffutureeconomicconditions,andbasedonthedefaultriskexposureand12-monthorlifetimeexpectedcreditlossrate. |
| Otherreceivables-groupedbyaging | Aging |
15.Inventories
√Applicable□NotApplicable
(1)ClassificationofinventoriesInventoriesarefinishedgoodsormerchandiseheldforsaleintheordinarycourseofbusiness,productsinproduction,ormaterialsorsuppliestobeconsumedinproductionorintherenderingofservices.
(2)Costofinventoriestransferredout
Thecostofinventoriestransferredoutisdeterminedusingtheindividualpricingmethod.
(3)BasisfordeterminingthenetrealizablevalueofinventoriesOnthebalancesheetdate,inventoriesarecarriedatthecostornetrealizablevalue(whicheverislower).Anyexcessofthecostoverthenetrealizablevalueofeachitem/classofinventoriesisrecognizedasaprovisionfordiminutioninthevalueofinventories.Forinventoriesdirectlyforsale,netrealizablevalueisdeterminedbasedontheestimatedsellingpriceintheordinarycourseofbusinesslesstheestimatedcostsnecessarytomakethesaleandrelevanttaxes.Forinventoriesthatneedprocessing,netrealizablevalueisdeterminedbasedontheestimatedsellingpriceoffinishedgoodsintheordinarycourseofbusinesslesstheestimatedcostsofcompletionandtheestimatedcostsnecessarytomakethesaleandrelevanttaxes.Onthebalancesheetdate,foranitemofinventorieswhereaportionissubjecttocontractualpricewhiletheremainderisnot,theirnetrealizablevaluesaredeterminedandcomparedwiththeircorrespondingcostsrespectivelytorecognizetheamountofprovision,orreversalofprovision,fordiminutioninthevalueofinventories.
(4)Inventorysystem
TheCompanymaintainsaperpetualinventorysystem.
(5)Amortizationmethodsforconsumablesincludinglow-valueconsumablesandpackagingmaterials
1)Low-valueconsumablesLow-valueconsumablesareamortizedinfullwhenreceivedforuse.
2)PackagingmaterialsLow-valueconsumablesareamortizedinfullwhenreceivedforuse.
16.Contractassets
(1).Recognitionmethodsandstandardsofcontractassets
√Applicable□NotApplicable
TheCompanypresentsitsrighttoreceiveconsiderationfromcustomersunconditionally(i.e.onlydependingonthepassageoftime)asreceivablesandtherighttoreceiveconsiderationforthetransferofgoodstocustomers(whichdependsonotherfactorsotherthanthepassageoftime)asacontractasset.
TheCompanypresentscontractassetsorcontractliabilitiesinthebalancesheetbasedontherelationshipbetweenperformanceobligationsandcustomerpayments.TheCompanywillpresentthenetamountafteroffsettingthecontractassetswiththecontractliabilitiesunderthesamecontract.
(2).Determinationmethodandaccountingmethodofexpectedcreditlossofcontractassets
√Applicable□NotApplicable
| Item | Groupingbasis | Expectedcreditlosscalculationmethod |
| Contractassets–groupedbyaging | Aging | Theexpectedcreditlossiscalculated,withreferencetohistoricalcreditlossexperience,inconsiderationofcurrentconditionsandexpectationoffutureeconomicconditions,andbasedonthedefaultriskexposureandlifetimeexpectedcreditlossrate. |
| Contractassets–groupedbyrelatedpartytransactionsintheconsolidationscope | Nature | Theexpectedcreditlossiscalculated,withreferencetohistoricalcreditlossexperience,inconsiderationofcurrentconditionsandexpectationoffutureeconomicconditions,andbasedonthedefaultriskexposureandlifetimeexpectedcreditlossrate. |
17.Held-for-saleassets
□Applicable√NotApplicable
18.Debtinvestments
(1).Determinationmethodandaccountingmethodofexpectedcreditlossofdebtinvestments
□Applicable√NotApplicable
19.Otherdebtinvestments
(1).Recognitionmethodandaccountingmethodofexpectedcreditlossesofotherdebtinvestments
√Applicable□NotApplicable
| Item | Groupingbasis | Expectedcreditlosscalculationmethod |
| Otherdebtinvestments-groupedbygovernmentdebts | Typeofdebts | Theexpectedcreditlossiscalculated,withreferencetohistoricalcreditlossexperience,inconsiderationofcurrentconditionsandexpectationoffutureeconomicconditions,andbasedonthedefaultriskexposureand12-monthorlifetimeexpectedcreditlossrate. |
| Otherdebtinvestments-groupedbyfinancialdebts | ||
| Otherdebtinvestments-groupedbyenterprisedebts |
20.Long-termreceivables
(1).Recognitionmethodandaccountingmethodofexpectedcreditlossesoflong-termreceivables
□Applicable√NotApplicable
21.Long-termequityinvestments
√Applicable□NotApplicable
(1)Judgmentonjointcontrolandsignificantinfluence
Jointcontrolisrecognizedascontrolheldforacertainarrangementundertherelevantagreement,therelevantactivityofwhichshouldbeunanimouslyagreedbythepartiessharingthecontrol.Theinfluenceisdeemedassignificantifthereinvolvesthepowerofparticipatingindecision-makingonthefinancialandoperationalpoliciesoftheinvestee,butthepowercannotcontrolorjointlycontrolwithotherpartiestheformulationofthepolicies.
(2)Recognitionofinvestmentcosts
1)Ifformedthroughabusinesscombinationunderjointcontrol,andtheconsiderationforsuchcombinationissettledbycashpayment,transferofnon-cashassets,debtobligationandissuanceofequitysecuritiesbytheacquirer,theinitialinvestmentcostshallbetheCompany'sshareofthecarryingamountofshareholders'equityoftheacquireepresentedintheconsolidatedfinancialstatementoftheequitiesundercommoncontrolonthecombinationdate.Thedifferencebetweentheinitialinvestmentcostoflong-termequityinvestmentandthecarryingvalueofthepaidcombinationconsiderationortotalparvalueofissuedsharesadjuststhecapitalreserve.Retainedearningsshallbeadjustedifthecapitalreserveisnotsufficientforoffset.
TheCompanyrealizeslong-termequityinvestmentformedthroughbusinesscombinationunderjointcontrolbytradingstepbystepandjudgeswhetherthetransactioniscategorizedasa"packagedeal"ornot.Ifso,alltransactionswillbetreatedascontroltransactionsinaccounting.Ifnot,theinitialinvestmentcostshallbetheshareofthecarryingamountpresentedintheconsolidatedfinancialstatementoftheequitiesundercommoncontrolbasedonthenetassetsoftheacquireeaftercombinationonthecombinationdate.Thedifferencebetweentheinitialinvestmentcostoflong-termequityinvestmentonthecombinationdateandthecarryingamountofthelong-termequityinvestmentbeforecombinationplusthecarryingamountofnewshareconsiderationfurtherobtainedonthecombinationdateshallbeadjustedtocapitalreserve.Retainedearningsshallbeadjustedifthecapitalreserveisnotsufficientforoffset.
2)Ifformedthroughabusinesscombinationundercommoncontrol,theinitialinvestmentcostisthefairvalueoftheconsiderationgivenforcombinationatthecombinationdate.
Asforbusinesscombinationsthatinvolveenterprisesnotundercommoncontrolandarecarriedoutinstages,theseparatefinancialstatementsandtheconsolidatedfinancialstatementsshallbetreatedseparatelyinaccounting:
①Intheseparatefinancialstatements,theinitialinvestmentcostaccountedforusingthenewlyadoptedcostmethodisthesumofthecarryingvalueofequityinvestmentoriginallyheldandtheadditionofinvestmentcost.
②TheCompanyjudgeswhetherthetransactioniscategorizedasa"packagedeal"forthepurposeoftheconsolidatedfinancialstatements.Ifso,alltransactionswillbetreatedascontroltransactionsinaccounting.Ifnot,theequityinterestoftheacquireeheldbeforethedateofacquisitionisre-measuredaccordingtoitsfairvalueatthedateofacquisition.Thedifferencebetweenthefairvalueanditscarryingamountischargedtotheinvestmentincomeoftheapplicableperiod.Iftheequityoftheacquireeheldbeforethedateofacquisitioninvolvesothercomprehensiveincomeaccountedforusingtheequityaccountingmethod,theyaretransferredtoincomefortheperiodcoveringthedateofacquisitiontogetherwiththerelevantothercomprehensiveincome,excludingothercomprehensiveincomeresultingfromchangesinnetliabilitiesornetassetsarisingfromthedefinedbenefitplanthroughthere-measurementon
theinvestee.
3)Theinitialinvestmentcostacquiredotherwisethanthroughabusinesscombinationisinitiallyrecognizedattheactualconsiderationpaidiftheinvestmentisacquiredbycash,oratthefairvalueoftheequitysecuritiesissuediftheinvestmentisacquiredbyissuingequitysecurities.TheinitialinvestmentcostsacquiredthroughdebtrestructuringarerecognizedpursuanttotheAccountingStandardforBusinessEnterprisesNo.12-DebtRestructuring.Theinitialinvestmentcostsacquiredthroughtheexchangeofnon-monetaryassetsarerecognizedpursuanttotheAccountingStandardforBusinessEnterprisesNo.7-ExchangeofNon-monetaryAssets.
(3)Subsequentmeasurementandrecognitionofprofitorloss
WhentheCompanycontrolstheinvestee,thecostmethodisadoptedforlong-termequityinvestmentwhiletheequitymethodisadoptedforlong-termequityinvestmentofassociatesandjointventuresinaccounting.
(4)Step-by-stepdisposalofinvestmentinsubsidiariesthroughaseriesoftransactionstolossofcontrol
1)Separatefinancialstatements
Forthedisposalofequity,thedifferencebetweenthecarryingamountandtheactualconsiderationobtainedischargedtothecurrentprofitorloss.Theequitymethodisadoptedfortheremainingequitiesthathaveasignificantinfluenceontheinvesteeorperformjointcontrolwithotherpartiesinaccounting.Theremainingequitiesthatdonotcontrol,jointlycontrolorhaveasignificantinfluenceontheinvesteeshallbecalculatedaccordingtotheAccountingStandardsforEnterprisesNo.22-RecognitionandMeasurementofFinancialInstruments.
2)Consolidatedfinancialstatements
①Forthedisposalofinvestmentinasubsidiarytolossofitsrighttocontrolinstagesthroughaseriesoftransactionsthatarenotcategorizedasa"packagedeal"
Priortothelossoftherighttocontrol,thecapitalreserve(capitalpremium)isadjustedwiththedifferencebetweentheconsiderationofthedisposalandtheentitledshareofthenetassetsofthesubsidiarythatwouldhavebeenentitledtobythedisposaloflong-termequityinvestmentandcontinuouslyaccountedforfromtheacquisitiondateorcombinationdate.Ifthebalanceofthecapitalpremiumisinsufficientforthewritten-off,thentheretainedearningswillbewrittenoffaccordingly.
Whentherighttocontroltheformersubsidiaryislost,theremainingequitiesarere-measuredatfairvalueonthedatewhentherighttocontrolislost.Thesumoftheconsiderationobtainedfromdisposalandthefairvalueoftheremainingequitieslesstheshareofthenetassetsofthesubsidiarythatwouldhavebeenentitledtoandcontinuouslyaccountedforaccordingtotheoriginalshareholdingpercentagefromtheacquisitiondateorcombinationdateischargedtotheinvestmentincomefortheperiodcoveringthedateoflossofcontrol,offsettingthegoodwillatthesametime.Othercomprehensiveincomerelatedtotheequityinvestmentintheformersubsidiaryshallbetransferredtotheinvestmentincomefortheperiodcoveringthedateoflossofcontrol.
②Forthedisposalofinvestmentinasubsidiarytolossofitsrighttocontrolinstagesthroughvarioustransactionsthatarecategorizedasa"packagedeal"
Thetransactionsaretreatedasonesingletransactionofdisposalofasubsidiaryandlossoftherighttocontrol.However,priortothelossoftherighttocontrol,thedifferencebetweeneachoftheconsideration
ofdisposalandtheshareofnetassetsofthatsubsidiarythatwouldhavebeenentitledtobythedisposalofinvestmentisrecognizedinothercomprehensiveincomeintheconsolidatedfinancialstatementsandtransferredtoprofitorlossfortheperiodcoveringthedateoflossofcontrol.
22.Investmentproperties
(1).Ifthecostmethodisadopted:
DepreciationoramortizationmethodInvestmentpropertiesaredepreciatedoramortized,usingamethodsimilartothatforfixedassetsandintangibleassets.
23.Fixedassets
(1).Recognitioncondition
√Applicable□NotApplicableFixedassetsrefertotangibleassetsheldforthepurposeofproducingcommodities,providinglaborservices,leasingoroperation,andmanagement,withanageexceedingonefiscalyear.Fixedassetsarerecognizedwheneconomicbenefitsarelikelytoflowinandcostscanbemeasuredreliably.
(2).Depreciationmethod
√Applicable□NotApplicable
| Class | Depreciationmethod | Depreciablelife(years) | Residualratio | Annualdepreciationrate |
| Buildings | Straight-linedepreciation | 5-50 | 5.00% | 1.90%-19.00% |
| Electronicequipment | Straight-linedepreciation | 3-5 | 5.00% | 19.00%-31.67% |
| Vehicles | Straight-linedepreciation | 5 | 5.00% | 19.00% |
| Otherequipment | Straight-linedepreciation | 3-12 | 5.00% | 7.92%-31.67% |
(3).AppraisalBasis,PricingandDepreciationMethodoftheFinancingLeasedFixedAssets
□Applicable√NotApplicable
24.Constructioninprogress
√Applicable□NotApplicable
(1)Whentheinflowofeconomicbenefitsisprobableandthecostcanbereliablymeasured,construction-in-progressisrecognizedandmeasuredattheactualcostincurredtillitisreadyforitsintendeduse.
(2)Construction-in-progressistransferredintofixedassetsattheactualcostwhenitisreadyforitsintendeduse.Foracompletedprojectreadyforitsintendedusebutthefinalaccountsforcompletionhavenotbeenmade,theassetistransferredintofixedassetsatanestimatedvalue.Afterthefinalaccountsforcompletionhavebeenmade,thepreviouslyestimatedvalueisadjustedattheactualcost,butthereisnoneedtoadjustthedepreciationretrospectively.
25.BorrowingCosts
√Applicable□NotApplicable
(1)RecognitionprincipleforcapitalizationofborrowingcostsBorrowingcostsdirectlyattributabletotheacquisition,constructionororiginationofassetsqualifiedforcapitalizationarecapitalizedaspartofthecostofthoseassets.Otherborrowingcostsareexpensedandchargedtothecurrentprofitorlosswhenincurred.
(2)Timingofborrowingcostscapitalization
1)Borrowingcostsshallbecapitalizedwhen:①capitalexpenditureshavebeenincurred;②borrowingcostshavebeenincurred;③activitiesrelatingtotheacquisition,constructionororiginationofassetsnecessarytomaketheassetreadyforitsintendeduseorsalehavecommenced.
2)Capitalizationofborrowingcostsshouldbesuspendedduringperiodsinwhichabnormalinterruptionhaslastedformorethanthreemonthsintheacquisition,constructionororiginationofassetsqualifiedforcapitalization.Theborrowingcostsincurredduringinterruptionarerecognizedascurrentexpensesuntiltheacquisition,constructionororiginationactivitiesresume.
3)Thecapitalizationofborrowingcostsceaseswhentheacquired,constructedororiginatedassetsqualifiedforcapitalizationarereadyfortheirintendeduseorsale.
(3)Capitalizationrateandamountofborrowingcosts
Forspecificborrowingsusedtoacquire,constructororiginateassetsqualifiedforcapitalization,theamountofinterestcosts(includingamortizationofdiscountorpremiumdeterminedbytheeffectiveinterestmethod)actuallyincurredonsuchborrowingsfortheperiodshallbecapitalizedafterdeductinganyinterestearnedfromdepositingtheunusedborrowingsinthebankoranyinvestmentincomearisingfromthetemporaryinvestmentofthoseborrowings.Forgeneralborrowingsusedtoacquire,constructororiginateassetsqualifiedforcapitalization,thecapitalizedamountofinterestsongeneralborrowingsshallbedeterminedbymultiplyingtheweightedaverage(oftheexcessofcumulativeassetsexpendituresoverthespecificborrowings)bythecapitalizationrate(ofusedgeneralborrowings).
26.Biologicalassets
□Applicable√NotApplicable
27.Oilandgasassets
□Applicable√NotApplicable
28.Right-of-useassets
√Applicable□NotApplicable
Theright-of-useshallbeinitiallymeasuredatcosts,including1)theinitialmeasuredamountofleaseliabilities;2)theleaseamountpaidonorbeforethecommencementdateoftheleaseterm(incaseofleaseincentives,theamountrelatedtotheleaseincentivesalreadyenjoyedshallbededucted);3)theinitialanddirectcostsbornebythelessee;4)costsexpectedtoincurfromthelessee'sdismantlingandremovingtheleasedassets,recoveringtheoriginalsiteoftheleasedassets,orrestoringtheleasedassetstothestateasspecifiedintheleaseprovisions.
TheCompanydepreciatestheright-to-useassetsbythestraight-linemethod.Wheretheownershipoftheleasedassetscanbereasonablydeterminedattheendoftheleaseterm,theCompanyshalldepreciate
theleasedassetsduringtheremaininglifeofsuchassets.Incaseofafailuretodeterminetheownershipoftheleasedassetsreasonablyattheendoftheleaseterm,theCompanyshalldepreciatetheleasedassetswithintheleasetermortheremaininglifeofsuchassets,whicheverisshorter.
29.Intangibleassets
(1).Pricingmethod,lifeandimpairmenttest
√Applicable□NotApplicable
1)Intangibleassets,includinglanduserights,patentrightsandnon-patentedtechnologies,areinitiallymeasuredatcost.
2)Intangibleassetswithadefinitelifearesystematicallyandreasonablyamortizedduringthelifeinaccordancewiththeexpectedrealizationofeconomicbenefitsrelatedtotheintangibleassets.Intangibleassetswhoseeconomicbenefitsrealizationcannotbereliablydeterminedareamortizedonastraight-linebasisduringthefollowinglife:
| Item | Amortizationlife(years) |
| Landuserights | 40-50 |
| Trademarkrights | 10 |
| Managementsoftwareandcopyright | 5-10 |
| Patentrights | 10 |
| Non-patentedtechnologies | 5 |
(2).Accountingpolicyofinternalresearchanddevelopmentexpenditure
√Applicable□NotApplicable
Expendituresforinternalresearchanddevelopmentactivitiesarechargedtothecurrentprofitandlosswhenincurred.Theexpendituresforinternalresearchanddevelopmentprojectsinthedevelopmentstagearerecognizedinintangibleassetswhenallofthefollowingconditionsaremet:1)thecompletionofsuchintangibleassetsforuseorsaleistechnicallyfeasible;2)theCompanyhastheintentiontouseorselltheintangibleassetsuponcompletion;3)thewayinwhichtheintangibleassetsbringeconomicbenefitsshowsthatthereexistsconsumptionmarketfortheproductsproducedbytheseintangibleassetsortheintangibleassetsthemselves,orthattheassetsareusefulincaseofinternalutilization;4)theCompanyhassufficienttechnological,financialandotherresourcestocompletethedevelopmentoftheintangibleassetsandtheabilitytomakethemreadyforuseorsale;5)theexpendituresattributabletosuchintangibleassetscanbemeasuredreliablyinthedevelopmentstage.
SpecificcriteriafortheCompanytodistinguishtheexpendituresintheresearchstagefromthedevelopmentstageofaresearchanddevelopmentproject:theresearchstageinvolvesactivitiescarriedoutforplannedinvestigationforacquiringnewtechnologyandknowledge,andthepreparationofinformationandrelatedaspectsforfurtherdevelopmentactivities,withgreatuncertaintyaboutwhetheritwillbetransferredtodevelopmentinthefutureandwhetheritwillformintangibleassetsafterdevelopment.Thedevelopmentstage,asopposedtotheresearchstage,involvesactivitiescompletedintheresearchstage,toalargeextentthatthebasicconditionsfortheformationofanewproductortechnologyareinplace.
30.Long-termassetimpairment
√Applicable□NotApplicable
Therecoverableamountoflong-termassets,suchaslong-termequityinvestments,investmentpropertymeasuredatcost,fixedassets,constructioninprogress,andintangibleassetswithafinitelife,isestimatedwherethereisevidenceofimpairmentonthebalancesheetdate.Anannualimpairmenttestshallbecarriedoutongoodwillarisingfrombusinesscombinationandintangibleassetswithanindefinitelife,whetherwherethereisevidenceofimpairment.Animpairmenttestiscarriedoutongoodwilltogetherwithitsrelevantassetgrouporportfolioofassetgroups.Whentherecoverableamountofsuchlong-termassetsislessthanthecarryingamountthereof,thedifferenceisrecognizedastheassetimpairmentreserveandchargedtothecurrentprofitorloss.
31.Long-termprepaidexpense
√Applicable□NotApplicable
Long-termdeferredexpensesareexpensesthathavebeenrecognizedwithanamortizationperiodoveroneyear(excludingoneyear).Theseexpensesarerecordedasactuallyincurred,andamortizedevenlyoverthebenefitperiodorspecifiedperiod.Ifthelong-termdeferredexpensesfailtobenefitthefutureaccountingperiod,theiramortizedvaluesareallincludedinthecurrentprofitorloss.
32.Contractliabilities
(1).Recognitionmethodofcontractliabilities
√Applicable□NotApplicable
TheCompanypresentsasacontractliabilitytheobligationtotransfergoodstocustomersforconsiderationreceivedorreceivablefromcustomers.
TheCompanypresentscontractassetsorcontractliabilitiesinthebalancesheetbasedontherelationshipbetweenperformanceobligationsandcustomerpayments.TheCompanywillpresentthenetamountafteroffsettingthecontractassetswiththecontractliabilitiesunderthesamecontract.
33.Employeecompensation
(1).Accountingmethodforshort-termremuneration
√Applicable□NotApplicable
DuringtheaccountingperiodwhenemployeesprovideservicestotheCompany,theactualshort-termremunerationisrecognizedasliabilitiesandchargedtothecurrentprofitorlossorthecostofrelatedassets.
(2).Accountingmethodforpost-employmentbenefits
√Applicable□NotApplicable
Post-employmentbenefitsaredividedintothedefinedcontributionplanandthedefinedbenefitplan.
1)TheamountsdepositedarerecognizedasdebtsaccordingtothedefinedcontributionplanandchargedtothecurrentprofitorlossorrelevantassetscostwhenemployeesprovideservicestotheCompany.
2)Theaccountingmethodinthedefinedbenefitplangenerallyincludesthefollowingprocedures:
①Accordingtotheprojectedunitcreditmethod,theunbiasedandmutuallyagreedactuarialassumptionsareadoptedbytheCompanytoestimatetherelevantdemographicvariablesandfinancialvariables,calculatetheobligationsarisingfromthedefinedbenefitplananddeterminetheperiodofrelevantobligationsbelongingthereto.Meanwhile,theobligationarisingfromthedefinedbenefitplanisdiscountedtodeterminethepresentvalueofsuchobligationunderthedefinedbenefitplanandtheservicecostforthecurrentperiod;
②Wherethereareassetsinthedefinedbenefitplan,thedeficitorsurplusfromthepresentvalueofthedefinedbenefitplanlessthefairvalueofthedefinedbenefitplanisrecognizedasanetdebtorassetofadefinedbenefitplan.Wherethereisasurplusinthedefinedbenefitplan,thesurplusofthedefinedbenefitplanandtheupperlimitoftheassets(whicheverislower)willbeadoptedtocalculatethenetassetsofthedefinedbenefitplan;
③Attheendoftheperiod,thecostofemployeecompensationunderthedefinedbenefitplanwillberecognizedastheservicecost,thenetinterestonthenetassetsornetdebtsunderthedefinedbenefitplanandthechangesarisingfromtheremeasurementofthenetassetsornetdebtsunderthedefinedbenefitplan.Theservicecostandthenetinterestonthenetassetsornetdebtsunderthedefinedbenefitplanwillberecognizedinthecurrentprofitorlossorrelevantassetscost.Thechangesarisingfromtheremeasurementofthenetassetsornetdebtsunderthedefinedbenefitplanwillberecognizedinothercomprehensiveincomeandshallnotbereversedtotheprofitorlessinsubsequentaccountingperiods,buttheamountsrecognizedinothercomprehensiveincomecanbetransferredwithinthescopeofinterests.
(3).Accountingmethodfordismissionbenefits
√Applicable□NotApplicable
Whenthereisaplantoprovidedismissionbenefitstoemployees,theemployeecompensationdebtsarisingfromtherecognitionofdismissionbenefitswillberecognizedinthecurrentprofitorlossattheearlierof:(1)whentheCompanycannotunilaterallywithdrawthedismissionbenefitsforthereleaseofthelaborrelationshiporthedismissionproposal;(2)whentheCompanyrecognizedrelevantcostsorexpensesassociatedwiththereorganizationofthepaymentofthedismissionbenefits.
(4).Accountingmethodforotherlong-termbenefits
√Applicable□NotApplicable
Otherlong-termbenefitsprovidedbytheCompanytoemployees,whenmeetingtheconditionsofthedefinedcontributionplan,willbesubjectedtoaccountingunderthedefinedcontributionplan.Otherlong-termbenefitsotherthantheabovebenefitswillbesubjectedtoaccountingunderthedefinedbenefitplan.Tosimplifycorrespondingaccountingmethods,theemployeecompensationcostsincurredarerecognizedastheservicecostandthetotalnetamountofthecomponentssuchasnetinterestamountofnetliabilitiesornetassetsintermsofotherlong-termemployees'benefits,andchangesarisingfromre-measuringthenetliabilitiesornetassetsintermsofotherlong-termemployees'benefitsarerecognizedinthecurrentprofitorlossorrelevantcostofassets.
34.Leaseliabilities
√Applicable□NotApplicable
Ontheinceptiondateoftheleaseterm,theCompanywillrecognizethepresentvalueoftheoutstandingleasepaymentsasleaseliabilities.Intheprocessofcalculatingthepresentvalueofleasepayments,theinterestratesetoutintheleasecontractistakenasthediscountrate.Ifsuchaninterestrateisnotavailable,theincrementalborrowingrateshallbeadopted.Thedifferencebetweentheleasepaymentsandtheirpresentvalueisrecognizedasanunrecognizedfinancingexpense,andtheinterestexpenseisrecognizedatthediscountrateofthepresentvalueoftherecognizedleasepaymentsduringeachperiodoftheleasetermandischargedtothecurrentprofitorloss.Variableleasepaymentsnotconsideredinthemeasurementofleaseliabilitiesarechargedtothecurrentprofitorlosswhenactuallyincurred.Incaseofanychangesintheamountofsubstantivefixedpayments,theamountexpectedtobepayablefortheresidualguarantee,theindexorrateusedtodeterminetheleasepayments,ortheevaluationresultoractualexerciseofthecalloption,renewaloptionorterminationoptionaftertheinceptiondateoftheleaseterm,theCompanywillremeasuretheleaseliabilitiesatthepresentvalueofthechangedleasepaymentsandadjustthecarryingamountoftheright-of-useassetsaccordingly.Ifthecarryingamountoftheright-of-useassetsisreducedtozerobuttheleaseliabilitiesstillneedtobefurtherreduced,theremainingamountisrecognizedinthecurrentprofitorloss.
35.Provisionforliabilities
√Applicable□NotApplicable
(1)WheretheCompanyhasapresentobligationasaresultofcontingenciessuchastheprovisionofexternalguarantee,litigation,productqualitywarranty,andloss-makingcontract,theperformanceoftheobligationsmayresultintheoutflowofeconomicbenefits,andtheamountoftheobligationscanbemeasuredreliably,suchobligationisrecognizedastheprovisionsforliabilities.
(2)Provisionsareinitiallymeasuredatthebestestimateoftheexpenditurerequiredforperformingthepresentobligation.Carryingamountsofallprovisionsforliabilitieswillbereviewedonthebalancesheetdate.
36.Share-basedpayment
√Applicable□NotApplicable
(1)Typesofshare-basedpayment
Theshare-basedpaymentsshallconsistofequity-settledshare-basedpaymentsandcash-settledshare-basedpayments.
(2)Accountingmethodforimplementation,modificationandterminationofshare-basedpayment
1)Equity-settledshare-basedpayment
Astoanequity-settledshare-basedpaymentinreturnforservicesofemployees,iftherightmaybeexercisedimmediatelyafterthegrant,thefairvalueoftheequityinstrumentsshall,onthedateofthegrant,bechargedtotherelevantcostorexpenseandthecapitalreservesshallbeadjustedaccordingly.Astoanequity-settledshare-basedpaymentinreturnforemployeeservices,iftherightcannotbeexerciseduntilthevestingperiodcomestoanendoruntiltheprescribedperformanceconditionsaremet,thenoneach
balancesheetdatewithinthevestingperiod,theservicesobtainedinthecurrentperiodshall,basedonthebestestimateofthenumberofvestedequityinstruments,bechargedtotherelevantcostsorexpensesatthefairvalueoftheequitiesinstrumentsonthedateofthegrant,andthecapitalreservesshallbeadjustedaccordingly.
Equity-settledshare-basedpaymentsinreturnforservicesrenderedbyotherpartiesaremeasuredatthefairvalueoftheservicesrenderedbyotherpartiesonthereceivingdateifsuchfairvaluecanbereliablymeasured.Ifthefairvalueoftheservicesrenderedbyotherpartiescannotbereliablymeasured,equity-settledshare-basedpaymentsinreturnforservicesrenderedbyotherpartiesaremeasuredatthefairvalueofequityinstrumentsonthedateofreceivingservicesandchargedtorelevantcostsorexpensesandshareholders'equityiscreditedaccordingly,providedthatthefairvalueofequityinstrumentscanbereliablymeasured.
2)Cash-settledshare-basedpayments
Astoacash-settledshare-basedpaymentinstrumentsinreturnforservicesofemployee,iftherightmaybeexercisedimmediatelyafterthegrant,thefairvalueoftheliabilityundertakenbytheCompanyshall,onthedateofthegrant,bechargedtotherelevantcostsorexpenses,andtheliabilitiesshallbeincreasedaccordingly.Astoacash-settledshare-basedpaymentinreturnforservicesofemployee,iftherightmaynotbeexerciseduntilthevestingperiodcomestoanendoruntilthespecifiedperformanceconditionsaremet,oneachbalancesheetdatewithinthevestingperiod,theservicesobtainedinthecurrentperiodshall,basedonthebestestimateoftheinformationaboutthevestingconditions,bechargedtotherelevantcostsorexpensesandthecorrespondingliabilitiesatthefairvalueoftheliabilityundertakenbytheCompany.
3)Share-basedpaymentplanmodificationandtermination
WhentheCompanymodifiestheshare-basedpaymentplan,ifthefairvalueofthedistributedequityinstrumentisincreasedduetothemodification,theincrementoftheobtainedservicesshallberecognizedaccordingly;ifthequantityofthedistributedequityinstrumentisincreasedduetothemodification,theincrementofobtainedservicesshallberecognizedaccordingly.IftheCompanymodifiesthevestingconditionsontermsfavorabletoitsemployees,itwillconsiderthevestingconditionsaftermodificationwhendealingwiththeconditions.
Ifthemodificationdecreasesthefairvalueofequityinstrumentsgranted,theCompanycontinuestorecognizethevalueofserviceobtainedbasedontheequityinstruments'fairvalueonthegrantdatewithoutanyconsiderationofthedecreaseonequityinstrument'sfairvalue.Ifthemodificationdecreasesthequantityofequityinstruments,theCompanyrecordsthedecreaseinconformitywiththecancellationofequityinstrumentsgranted.IftheCompanymodifiesthevestingconditionsontermsnotfavorabletoitsemployees,itwillnotconsiderthevestingconditionsaftermodificationwhendealingwiththeconditions.
Ifthegrantedequityinstrumentsarecanceledorsettledwithinthevestingperiod(exceptthatcanceledduetofailuretomeetthevestingconditions),theCompanyshallregardthecancelingorsettlementasaccelerationofthevest,andimmediatelyrecognizetheamountsupposedtoberecognizedwithintheresidualvestingperiod.
37.Otherfinancialinstrumentsincludingpreferredsharesandperpetualbonds
□Applicable√NotApplicable
38.Revenue
(1).Accountingpoliciesforrevenuerecognitionandmeasurement
√Applicable□NotApplicable
1)RevenuerecognitionprinciplesTheCompanywillevaluateacontractontheeffectivedateofthecontract,identifyallperformanceobligationscontainedinthecontractanddeterminewhethertheseperformanceobligationsaretobeperformedwithinacertainperiodoftimeoratacertaintimepoint.
Aperformanceobligationissatisfiedwithinacertainperiodoftimeifoneofthefollowingcriteriaismet,otherwiseitissatisfiedatacertaintimepoint:①thecustomersimultaneouslyreceivesandconsumesthebenefitsprovidedbytheCompany'sperformanceastheCompanyperforms;②theCompany'sperformancecreatesgoodsorservicesthatthecustomercontrolsasthegoodsarecreated;③theCompany'sperformancedoesnotcreateanassetwithanalternativeusetotheCompanyandtheCompanyhasanenforceablerighttopaymentforperformancecompletedtodateduringthetermofthecontract.
Inthecaseofanobligationsatisfiedwithinacertainperiodoftime,theCompanyshallrecognizerevenuetherevenuewithinthatperiodaccordingtotheperformanceprogress.IftheCompanyfailstodosoreasonablyandexpectstorecoverthecostsincurred,therevenueisrecognizedinlinewithcostincurred,untiltheperformanceprogresscanbereasonablydetermined.Inthecaseofaperformanceobligationsatisfiedatacertaintimepoint,therevenueisrecognizedatacertaintimepointwhenacustomerobtainscontrolofrelevantgoodsorservices.Todeterminethetimepointatwhichacustomerobtainscontrolofgoods,theCompanyconsidersthefollowingindicators:①theCompanyhasapresentrighttopaymentforthegoods,orthecustomerhasthepresentobligationtopayforthegoods;②theCompanyhastransferredthelegaltitletothegoodstothecustomer,orthecustomerhaslegaltitletothegoods;③theCompanyhastransferredphysicalpossessionofthegoodstothecustomer,orthecustomerhasphysicalpossessionofthegoods;④theCompanyhastransferredthesignificantrisksandrewardsofownershipofthegoodstothecustomer,orthecustomerhasthesignificantrisksandrewardsofownershipoftheasset;
⑤thecustomerhasacceptedthegoods;⑥otherindicatorsthatthecustomerobtainscontrolofthegoods.
2)Revenuemeasurementprinciples
①TheCompanyrecognizesrevenueatthetransactionpriceapportionedtoeachindividualperformanceobligation.TransactionpriceistheamountofconsiderationinacontracttowhichtheCompanyexpectstobeentitledinexchangefortransferringgoodsorservicestoacustomer,excludingamountscollectedonbehalfofthirdpartiesorexpectedtoberefundedtoacustomer.
②Ifacontracthasvariableconsideration,theCompanydeterminestheappropriateestimatebasedontheexpectedvalueorthemostlikelyamount,providedthatatransactionpriceincludingvariableconsiderationshallnotexceedtheamountofcumulativerevenuerecognizedwhichishighlyunlikelytobesubjecttosignificantreversalwhentheuncertaintyassociatedwiththevariableconsiderationis
subsequentlyresolved.
③Ifacontractcontainsasignificantfinancingcomponent,theCompanydeterminesthetransactionpricebasedontheamountthatacustomerwouldhavepaidwhenitobtainscontrolofgoodsorservices.Thedifferencebetweenthetransactionpriceandthecontractconsiderationisamortizedduringthetermofthecontractusingtheeffectiveinterestmethod.
④Iftherearetwoormoreperformanceobligationsunderacontract,theCompanyshall,atcontractinception,apportionthetransactionpricetoeachperformanceobligationinproportiontothestand-alonesellingpricesofgoodsunderlyingeachperformanceobligation.
3)Specificmethodsforrevenuerecognition
①Revenuefromsalesofself-developedsoftwareproducts
TheCompanyrecognizesrevenuewhenthesoftwareproductisdeliveredtothecustomerandthecustomerobtainscontrolovertheproductasaperformanceobligationtobeperformedatacertaintimepoint,usuallyaftertakingintoaccountthefollowingfactors:I)theCompanyhasapresentrighttopaymentforthegoods;II)theCompanyhastransferredthesignificantrisksandrewardsofownershipofthegoodstothecustomer;III)theCompanyhastransferredthelegaltitletothegoodstothecustomer;IV)theCompanyhastransferredphysicalpossessionofthegoodstothecustomer;V)thecustomerhasacceptedthegoods.
Forthesoftwareproductswithinthewarrantyperiodstipulatedinthecontract,theCompanyshallaccruethesoftwaremaintenancecostat0.5%ofrevenuewhilerecognizingrevenue.
②Revenuefromsalesofcustomizedsoftware
TheCompanyrecognizesrevenuewhenthesoftwareproductisdeliveredtothecustomerandthecustomerobtainscontroloftheproductasaperformanceobligationtobeperformedatapointintime,usuallyaftertakingintoaccountthefollowingfactors:I)theCompanyhasapresentrighttopaymentforthegoods;II)theCompanyhastransferredthesignificantrisksandrewardsofownershipofthegoodstothecustomer;III)theCompanyhastransferredthelegaltitletothegoodstothecustomer;IV)theCompanyhastransferredphysicalpossessionofthegoodstothecustomer;V)thecustomerhasacceptedthegoods.
Forthesoftwareproductswithinthewarrantyperiodstipulatedinthecontract,theCompanyshallaccruethesoftwaremaintenancecostat0.5%ofrevenuewhilerecognizingrevenue.
③Revenuefromsoftwareservices
ForsoftwareservicecontractswhereI)thecustomersimultaneouslyreceivesandconsumesthebenefitsprovidedbytheCompany'sperformanceastheCompanyperforms;II)orthecustomercancontrolthegoodsorservicesinprogressduringtheCompany'sperformance;III)orthesoftwareservicesprovidedbytheCompanyduringtheCompany'sperformancehavealternativeuse,andtheCompanyhasanenforceablerighttopaymentforperformancecompletedtodate,theCompanyrecognizesrevenueasaperformanceobligationtobeperformedwithinaperiodoftimeinaccordancewiththeprogressofperformance,exceptwhentheprogressoftheperformancecannotbereasonablydetermined.TheCompanydeterminestheprogressoftheperformanceofservicesprovidedinaccordancewiththeinputmethod,basedonthecostsincurredorthetimeschedule.Whentheprogressoftheperformancecannotbe
reasonablydetermined,andthecostsincurredbytheCompanyareexpectedtobecompensated,therevenuewillberecognizedbasedontheamountofcostsincurred,untiltheprogressoftheperformancecanbereasonablydetermined.Forservicesthatdonotmeettheaboverequirementsforrevenuerecognitionaccordingtotheperformanceprogress,theCompanyrecognizesrevenuewhentheserviceshavebeenprovided,thepricehasbeenreceivedorevidenceofcollectionhasbeenobtained.
④RevenuefromsalesofoutsourcedgoodsOutsourcedgoodsincludeoutsourcedsoftwareandhardwaregoods.TheCompanyrecognizesrevenueasaperformanceobligationtobeperformedatacertaintimepoint,usuallywhentheoutsourcedgoodsaredeliveredtothecustomerandthecustomerobtainscontroloverthegoods,takingintoaccountthefollowingfactors:I)theCompanyhasapresentrighttopaymentforthegoods;II)theCompanyhastransferredthesignificantrisksandrewardsofownershipofthegoodstothecustomer;III)theCompanyhastransferredthelegaltitletothegoodstothecustomer;IV)theCompanyhastransferredphysicalpossessionofthegoodstothecustomer;V)thecustomerhasacceptedthegoods.
⑤RevenuefromsalesofScienceParkProjectThesaleoftheCompany'sscienceparkpropertiesisaperformanceobligationtobeperformedatacertaintimepointandrevenueisrecognizedwhenthecustomerhasaccepteddelivery,thepricehasbeenreceivedortherighttoreceivepaymenthasbeenobtainedandtherelatedeconomicbenefitsarelikelytoflowin.
⑥RevenuefrompropertymanagementTheCompany'sprovisionofpropertymanagementservicesisaperformanceobligationtobeperformedwithinacertainperiodoftime.TheCompanydeterminestheprogressoftheperformanceoftheserviceprovidedbasedontheproportionofcostsincurredtotheestimatedtotalcostsandrecognizesrevenuebasedontheprogressoftheperformance.Whentheprogressoftheperformancecannotbereasonablydetermined,andthecostsincurredbytheCompanyareexpectedtobecompensated,therevenuewillberecognizedbasedontheamountofcostsincurred,untiltheprogressoftheperformancecanbereasonablydetermined.
⑦RevenuefrompropertyrentalTheCompany'sprinciplesforrecognizingtherevenuefrompropertyrentalaredetailedinNoteV(42)tothefinancialstatements.
⑧RevenuefromotherbusinessesTheperformanceobligationsundercontractsarefulfilledinaccordancewiththerelevantcontractsandagreements,i.e.,revenueisrecognizedwhenthecustomerobtainstherighttocontroltherelevantgoods.
(2).Differencesinaccountingpoliciesforrevenuerecognitionduetodifferentbusinessmodelsfor
thesametypeofbusiness
□Applicable√NotApplicable
39.Contractcosts
√Applicable□NotApplicable
Assetsrelatedtocontractcostsincludecontractacquisitioncostsandcontractperformancecosts.IftheincrementalcostincurredbytheCompanyinobtainingthecontractcanbeexpectedtoberecovered,thecontractacquisitioncostshallberecognizedasanasset.Thecontractacquisitioncostwithanamortizationperiodnotexceedingoneyearisdirectlychargedtothecurrentprofitorlosswhenincurred.
ThecostsincurredbytheCompanyfortheperformanceofthecontractwhichdoesnotfallunderthescopeofthestandardsrelatingtoinventories,fixedassetsandintangibleassetsarerecognizedasanassetascontractperformancecostswhenthefollowingconditionsaremet:
(1)Suchcostisdirectlyrelatedtoacurrentorexpectedcontract,includingdirectlabor,directmaterials,manufacturingcosts(orsimilarcosts),costsclearlybornebythecustomerandothercostsincurredsolelyduetothecontract;
(2)SuchcostincreasestheresourcesoftheCompanytofulfillitsperformanceobligationsinthefuture.
(3)Suchcostisexpectedtoberecovered.
TheCompanywillamortizeassetsrelatedtothecostofthecontractareamortizedonthesamebasisastherevenuerecognitionofthegoodsorservicesrelatedtotheasset,andchargedthecosttothecurrentprofitorlosswhenincurred.
Ifthefairvalueofassetsrelatedtocontractcostsexceedstheremainingconsiderationexpectedtobeobtainedduetothetransferofgoodsorservicesrelatedtotheassetslessestimatedcoststobeincurred,aprovisionforimpairmentismadefortheexcess,whichisrecognizedasimpairmentlossesonassets.Iftheremainingconsiderationexpectedtobeobtainedduetothetransferofgoodsorservicesrelatedtotheassetslessestimatedcoststobeincurredexceedsthefairvalueofassets,duetosubsequentchangesinimpairmentconditionsexistinginpriorperiods,theprovisionpreviouslymadeforimpairmentoftheassetsisreversedandrecordedinthecurrentprofitorloss,providedthatthecarryingamountoftheassetsafterthereversalisnotmorethanthecarryingamountoftheassetswhichwouldhavebeenrecordedatthedateofreversaliftheprovisionforimpairmenthadnotbeenmade.
40.Governmentgrants
√Applicable□NotApplicable
(1)Thegovernmentgrantsarerecognizedwhen1)theCompanyisabletocomplywiththeconditionsattachingtothegovernmentgrants;2)theCompanyisabletoreceivethegovernmentgrants.Governmentgrantswhicharemonetaryassetsaremeasuredattheamountreceivedorreceivable.Governmentgrantswhicharenon-monetaryassetsaremeasuredatfairvalue,oratnominalamountifthefairvaluecannotbereliablymeasured.
(2)Judgmentbasisandaccountingmethodsforgovernmentgrantsrelatedtoassets
Governmentgrantswhichshallbeusedforconstructingorotherwiseforminglong-termassetsasspecifiedingovernmentdocumentsareclassifiedasgovernmentgrantsrelatedtoassets.Intheabsenceofspecificrequirementsingovernmentdocuments,thedeterminationismadeaccordingtobasicconditionsforobtainingthegrants;ifconstructingorotherwiseforminglong-termassetsistreatedasabasiccondition,thegrantsareclassifiedasgovernmentgrantsrelatedtoassets.Governmentgrantsrelatingtoassetsare
offsetagainstthecarryingamountofsuchassetsorrecognizedasdeferredincome.Governmentgrantsrelatingtoassetsrecognizedasdeferredincomearechargedtotheprofitorlossonareasonableandsystematicbasisovertheusefullivesoftherelevantassets.Governmentgrantsmeasuredatnotionalamountaredirectlychargedtothecurrentprofitorloss.Forassetssold,transferred,disposedordamagedpriortotheendoftheirusefullives,balanceofundistributeddeferredincomeistransferredtothecurrentprofitorlossfromassertdisposal.
(3)JudgmentbasisandaccountingmethodsforthegovernmentgrantsrelatedtorevenueOtherthangovernmentgrantsrelatedtoassets,othergovernmentgrantsaregovernmentgrantsrelatedtorevenue.TheCompanyclassifiesgovernmentgrantsthatcontainbothassets-relatedandrevenue-relatedportionorthosethataredifficulttodistinguishastheonesrelatedtorevenueonanentirebasis.Governmentgrantsrelatedtorevenueandappliedtothereimbursementofrelatedcostsorlossesinsubsequentperiodsarerecognizedasdeferredincomeandchargedtothecurrentprofitorlossoroffsetagainsttherelatedcostsfortheperiodinwhichtherelatedcostsorlossesarerecognized.Governmentgrants,appliedtothereimbursementofrelatedcostsorlossesalreadyincurred,aredirectlychargedtothecurrentprofitorlossoroffsetagainsttherelatedcosts.
(4)GovernmentgrantsrelatedtotheCompany'sdailyoperationsarechargedtootherincomeoroffsetagainstrelevantexpensesaccordingtotheeconomicnatureofbusiness.GovernmentgrantsnotrelatedtotheCompany'sdailyoperationsarechargedtothenon-operatingincomeorexpenses.
41.Deferredtaxassets/deferredtaxliabilities
√Applicable□NotApplicable
(1)Deferredtaxassetsordeferredtaxliabilitiesarerecognizedbasedonthedifferencebetweenthecarryingamountsoftheassetsorliabilitiesandtheirtaxbases(or,foranitemnotrecognizedasassetsorliabilitiesbutwhosetaxbasecanbedeterminedundertaxlaws,thedifferencebetweenthetaxbaseandthecarryingamount),andarecalculatedatthetaxratesexpectedtoapplytotheperiodinwhichtheassetsarerecoveredortheliabilitiesaresettled.
(2)Deferredtaxassetsarerecognizedforalldeductibletemporarydifferences,totheextentthatitisprobablethattaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferencescanbeutilized.Onthebalancesheetdate,deferredtaxassetsunrecognizedinpriorperiodsarerecognizedtotheextentthatthereisobviousevidencethatithasbecomeprobablethatsufficienttaxableprofitwillbeavailableinsubsequentperiodsagainstwhichthedeductibletemporarydifferencescanbeutilized.
(3)Thecarryingamountofdeferredtaxassetsisreviewedonthebalancesheetdateandwrittendowntotheextentthatitisnolongerprobablethatsufficienttaxableprofitwillbeavailableagainstwhichthedeferredtaxassetcanbeutilized.Suchamountiswrittenbacktotheextentthatithasbecomeprobablethatsufficienttaxableprofitwillbeavailable.
(4)TheCompany'scurrentanddeferredincometaxesarechargedtothecurrentprofitorlossastaxexpenseorprofit,excludingincometaxarisingfrom1)thebusinesscombination,and2)transactionsoritemsdirectlyrecognizedinequity.
42.Leases
(1).Accountingmethodforoperatingleases
□Applicable√NotApplicable
(2).Accountingmethodforfinanceleases
□Applicable√NotApplicable
(3).Leaserecognitionandaccountingmethodsunderthenewleasestandards
√Applicable□NotApplicable
1)TheCompanyastheleaseeOnthecommencementdateoftheleaseterm,theCompanyrecognizesleaseswithaleasetermofnotmorethan12monthsandwithoutapurchaseoptionasshort-termleasesandleaseswithalowervaluewhenthesingleleasedassetisabrand-newassetasleasesoflow-valueassets.WheretheCompanysubleasesorintendstosubleasetheleasedasset,theoriginalleaseshallnotberecognizedasaleaseoflow-valueassets.
Forallshort-termleasesandleasesoflow-valueassets,theCompanychargesleasepaymentsonastraight-linebasisovertherespectiveperiodsoftheleasetermtothecostoftherelatedassetsortothecurrentprofitorloss.Exceptfortheaboveshort-termleasesandleasesoflow-valueassetsthataresimplified,theCompanyrecognizesright-of-useassetsandleaseliabilitiesforleasesatthebeginningoftheleaseterm.
2)TheCompanyastheleaser
Onthecommencementdateoftheleaseterm,theCompanyrecognizesaleasethattransferssubstantiallyalltherisksandrewardsassociatedwiththeownershipoftheleasedassetasafinancelease,exceptforthosethatarerecognizedasoperatingleases.
①Operatingleases
Duringeachperiodoftheleaseterm,theCompanyrecognizesleasereceiptsasrentalincomeonastraight-linebasis,andcapitalizesandapportionstheinitialdirectcostsincurredonthesamebasisasrentalincome,whichshallbechargedtothecurrentprofitorloss.ThevariableleasereceiptsobtainedbytheCompanyrelatedtooperatingleasesandnotchargedtotheleasereceiptsshallbechargedtothecurrentprofitandlosswhenactuallyincurred.
②Financeleases
Onthecommencementdateoftheleaseterm,theCompanyrecognizesfinanceleasereceiptsatthenetleaseinvestment(thesumoftheunguaranteedresidualvalueandthepresentvalueoftheleasereceiptsnotyetreceivedonthecommencementdateoftheleasetermdiscountedattheinterestrateofthelease)andderecognizesthefinanceleaseassets.Duringeachperiodoftheleaseterm,theCompanycalculatesandrecognizesinterestincomeattheinterestrateofthelease.
VariableleasepaymentsobtainedbytheCompanybutnotconsideredinthemeasurementofnetinvestmentinleasesarerecognizedinthecurrentprofitorlosswhenactuallyincurred.
3)Leaseback
①TheCompanyasthelessee
TheCompanyassessesanddetermineswhetherthetransferofassetsinleasebacktransactionscanberecognizedassalesinaccordancewiththeprovisionsoftheASBENo.14-Revenue.Ifso,theCompanymeasurestheright-of-useassetsfromtheleasebackattheportionoftheoriginalasset'scarryingamountrelatedtotherightofuseacquiredbytheleasebackandrecognizesgainsorlossesrelatedtotherighttransferredtothelessoronly.
Ifnot,theCompanycontinuestorecognizethetransferredassetsaswellasafinancialliabilityequaltothetransferproceedsandcarriesoutaccountingonthefinancialliabilityinaccordancewiththeASBENo.22-RecognitionandMeasurementofFinancialInstruments.
②TheCompanyastheleaser
TheCompanyassessesanddetermineswhetherthetransferofassetsinleasebacktransactionscanberecognizedassalesinaccordancewiththeprovisionsoftheASBENo.14-Revenue.
Ifso,theCompanycarriesoutaccountingonthepurchaseofassetsinaccordancewithotherapplicableASBEsandontheleaseofassetsinaccordancewiththeASBENo.21-Leases.Ifnot,theCompanydoesnotrecognizethetransferredassetsbutrecognizesafinancialassetequaltothetransferproceedsandcarriesoutaccountingonthefinancialassetinaccordancewiththeASBENo.22-RecognitionandMeasurementofFinancialInstruments.
43.Othersignificantaccountingpoliciesandaccountingestimates
√Applicable□NotApplicable
(1)Accountingmethodformaintenancefunds
Accordingtotherelevantprovisionsatthelocationofthedevelopedprojects,themaintenancefundsshouldbewithdrawnfromthepurchaserandstatedbytheCompanyasdevelopmentcostsofrelevantdevelopedprojectsatthetimeofsale(presale)ofthedevelopedprojectsanduniformlyturnedintothemaintenancefundmanagementdepartment.
(2)Accountingmethodforqualityassurancefunds
Thequalityassurancefundsshouldbedeductedfromtheprojectfundsfortheconstructioncontractoraccordingtotheconstructioncontracts.Maintenanceexpensesincurredinthewarrantyperiodofthedevelopedprojectsshouldbewrittendownbythequalityassurancefunds.Thebalanceofthequalityassurancefundsshouldbereturnedtotheconstructioncontractorupontheexpiryofthespecifiedwarrantyperiodinthedevelopmentofproducts.
(3)Segmentreporting
TheCompanydeterminestheoperatingsegmentsonthebasisoftheinternalorganizationalstructure,managementrequirementsandinternalreportingsystem.TheoperatingsegmentoftheCompanyreferstothecomponentthatmeetsallofthefollowingconditions:
1)Thecomponentcangenerateincomesandincurexpensesindailyactivities;
2)Themanagementcanregularlyevaluatetheoperatingresultsofthecomponenttodeterminetheallocationofresourcesandassessitsperformance;
3)Thefinancialposition,operatingresults,cashflowandotherrelevantaccountinginformationofthecomponentcanbeobtainedthroughanalysis.
(4)AccountingmethodrelatedtorepurchaseoftheCompany’sshares
IftheCompany’ssharesarerepurchasedduetoareductioninregisteredcapitalorrewardforemployees,theamountactuallypaidshouldberegardedastreasurysharesandregisteredforreference.Ifthesharesrepurchasedarecanceled,thecapitalreservewillbewrittendownbythedifferencebetweenthetotalparvalueofsharescalculatedfromtheparvalueandthenumberofthecanceledsharesandtheamountactuallypaidforrepurchase.Ifthecapitalreserveisinsufficienttobewrittendown,retainedearningsshallbewrittendown.IftherepurchasedsharesareawardedtotheCompany'semployeesasequity-settledsharepayment,thecostoftreasurysharesdeliveredtotheemployeesandtheaccumulativeamountofcapitalreserve(othercapitalreserves)duringthevestingperiodshouldbewrittenoffwhentheemployeesreceivethepaymentforpurchasingthesharesoftheCompanythroughtheexerciseoftheirrights.Meanwhile,thecapitalreserve(equitypremium)isadjustedbasedonthedifference.
44.Changesinsignificantaccountingpoliciesandaccountingestimates
(1).Changesinsignificantaccountingpolicies
√Applicable□NotApplicableOtherDescription
Accountingpolicychangescausedbychangesinenterpriseaccountingstandards:
1)TheCompanyimplementedtherevisedAccountingStandardsforBusinessEnterprisesNo.21-Leases(hereinafterreferredtoasthenewleasestandards)fromJanuary1,2021(hereinafterreferredtoastheFirstImplementationDate).
①ForcontractsthatexistedbeforetheFirstImplementationDate,theCompanychosenottoreassesswhetherthesecontractsareleasecontractsorcontractscontainingprovisionsonleases.
②ForleasesinwhichtheCompanywasthelessee,theCompanyadjustedtheretainedearningsandtheamountofotherrelevantitemsinfinancialstatementsatthebeginningoftheReportingPeriodwithregardtothecumulativeimpactofapplyingthenewleasestandardsandthepreviousstandardsontheFirstImplementationDate,withoutadjustingtheitemsduringcomparableperiods.Thespecificprocessisasfollows.
ForoperatingleasesbeforetheFirstImplementationDate,theCompanymeasuredtheleaseliabilitiesontheFirstImplementationDatebasedonthepresentvalueoftheremainingleasepaymentsdiscountedattheCompany'sincrementalborrowingrateasoftheFirstImplementationDate,andmeasuredtheright-of-useassetsbythecarryingvalueobtainedasiftheCompanyadoptedthenewleasestandardsfromthecommencementdateoftheleaseterm(discountedattheCompany'sincrementalborrowingrateasoftheFirstImplementationDate)andtheproperlyadjustedadvancerentalpayments.
OntheFirstImplementationDate,theCompanyconductedanimpairmenttestontheright-of-useassetsandcarriesoutcorrespondingaccountinginaccordancewiththeprovisionsofNoteV(30)tothefinancialstatements.
A.TheprincipaleffectsoftheimplementationofthenewleasestandardsontheCompany'sfinancialstatementsasofJanuary1,2021areasfollows.
Unit:YuanCurrency:RMB
| Item | BalanceSheet | ||
| December31,2020 | Adjustmenteffectsofnew | January1,2021 | |
| leasestandards | |||
| Right-of-useassets | 10,271,192.32 | 10,271,192.32 | |
| Prepayments | 9,007,186.01 | -834,932.30 | 8,172,253.71 |
| Leaseliabilities | 2,654,639.37 | 2,654,639.37 | |
| Currentportionofnon-currentliabilities | 7,111,829.18 | 7,111,829.18 | |
| Provisionforliabilities | 12,147,826.09 | 100,000.00 | 12,247,826.09 |
| Surplusreserve | 195,947,299.77 | -4,502.28 | 195,942,797.49 |
| Undistributedprofits | 2,893,625,565.93 | -291,827.99 | 2,893,333,737.94 |
| Minorityinterests | 483,731,488.14 | -133,878.26 | 483,597,609.88 |
B.TheweightedaverageoftheCompany'sincrementalborrowingratesusedforleaseliabilitieschargedtotheBalanceSheetontheFirstImplementationDatewas4.71%.C.OperatingleasesbeforetheFirstImplementationDateweresimplifieda.TheCompanysimplifiedleasesthathadbeencompletedwithin12monthsaftertheFirstImplementationDate,withright-of-useassetsandleaseliabilitiesnotrecognized.
b.TheCompanyadoptedthesamediscountrateforleasecontractswithsimilarcharacteristicswhenmeasuringtheleaseliabilities.
c.Noinitialdirectcostswereincludedinthemeasurementofright-to-useassets.
d.TheCompanydeterminedthetermoftheleasebasedontheactualexerciseoftherenewaloptionorterminationoptionbeforetheFirstImplementationDateandotherupdates.
e.Asanalternativetotheimpairmenttestoftheright-of-useassets,theCompanyassessedwhetherthecontractscontainingprovisionsonleaseswereonerouscontractsbeforetheFirstImplementationDateinaccordancewiththeAccountingStandardsforBusinessEnterprisesNo.13–Contingencies,andadjustedtheright-of-useassetsbytheamountoftheprovisionforlosseschargedonthebalancesheetdatebeforetheFirstImplementationDate.
f.IncaseofanychangesinleasesbeforetheFirstImplementationDate,theCompanycarriedoutaccountingbasedonthefinalarrangementofthechangesinleases.
ThesimplificationsabovehadnosignificantimpactontheCompany'sfinancialstatements.
③TheCompanysimplifiedoperatingleasecontractswithlow-valueassetsthatexistedbeforetheFirstImplementationDate,withtheright-of-useassetsandleaseliabilitiesnotrecognized,andcarriedoutaccountinginaccordancewiththenewleasestandardsfromtheFirstImplementationDate.
④ForleasecontractsinwhichtheCompanywasthelessor,theCompanycarriedoutaccountinginaccordancewiththenewleasestandardsfromtheFirstImplementationDate.
2)OnJanuary26,2021,theCompanyimplementedtheInterpretationNo.14ofAccountingStandardsforBusinessEnterprisesissuedbytheMinistryofFinancein2021,andthischangeinaccountingpolicieshadnoimpactontheCompany'sfinancialstatements.
3)OnDecember31,2021,theCompanyimplementedtheprovisionsoftheInterpretationNo.15ofAccountingStandardforBusinessEnterprisesissuedbytheMinistryofFinance,andthischangeinaccountingpolicieshadnoimpactontheCompany'sfinancialstatements.
(2).Changesinsignificantaccountingestimates
□Applicable√NotApplicable
(3).ChangesinthefinancialstatementsatthebeginningoftheyearwhentheNewLeaseStandardswerefirstimplementedin2021
√Applicable□NotApplicable
ConsolidatedBalanceSheet
Unit:YuanCurrency:RMB
| Item | December31,2020 | January1,2021 | Adjustments |
| Currentassets: | |||
| Cashandbankbalances | 1,374,842,591.24 | 1,374,842,591.24 | |
| Balanceswithclearingcompanies | |||
| Placementswithbanksandotherfinancialinstitutions | |||
| Held-for-tradingfinancialassets | 2,723,350,172.04 | 2,723,350,172.04 | |
| Derivativefinancialassets | |||
| Billsreceivable | 194,609.13 | 194,609.13 | |
| Accountsreceivable | 523,273,534.51 | 523,273,534.51 | |
| Receivablesfinancing | |||
| Prepayments | 9,007,186.01 | 8,172,253.71 | -834,932.30 |
| Premiumreceivables | |||
| Reinsuranceaccountreceivables | |||
| Depositreceivablesfromreinsurancecontracts | |||
| Otherreceivables | 27,411,805.19 | 27,411,805.19 | |
| Including:Interestreceivables | |||
| Dividendreceivables | |||
| Financialassetsheldunderresaleagreements | |||
| Inventories | 351,690,935.90 | 351,690,935.90 | |
| Contractassets | 34,180,843.24 | 34,180,843.24 | |
| Held-for-saleassets | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | 10,342,520.82 | 10,342,520.82 | |
| Totalcurrentassets | 5,054,294,198.08 | 5,053,459,265.78 | -834,932.30 |
| Non-currentassets: | |||
| Loansandadvancestocustomers | |||
| Debtinvestments | |||
| Otherdebtinvestments | 83,845,382.74 | 83,845,382.74 | |
| Long-termreceivables | |||
| Long-termequityinvestments | 738,974,733.43 | 738,974,733.43 | |
| Otherequityinstrumentinvestments | |||
| Othernon-currentfinancialassets | 2,229,463,162.16 | 2,229,463,162.16 | |
| Investmentproperties | 111,411,248.79 | 111,411,248.79 | |
| Fixedassets | 472,506,719.88 | 472,506,719.88 | |
| Constructioninprogress | 732,254,664.28 | 732,254,664.28 | |
| Productivebiologicalassets | |||
| Oilandgasassets | |||
| Right-of-useassets | 10,271,192.32 | 10,271,192.32 | |
| Intangibleassets | 161,012,651.89 | 161,012,651.89 | |
| Developmentexpenditure | |||
| Goodwill | 312,158,890.50 | 312,158,890.50 | |
| Long-termprepaidexpense | 3,370,336.31 | 3,370,336.31 | |
| Deferredincometaxassets | 71,410,701.28 | 71,410,701.28 | |
| Othernon-currentassets | 441,999.00 | 441,999.00 | |
| Totalnon-currentassets | 4,916,850,490.26 | 4,927,121,682.58 | 10,271,192.32 |
| Totalassets | 9,971,144,688.34 | 9,980,580,948.36 | 9,436,260.02 |
| Currentliabilities: | |||
| Short-termborrowings | 46,718,265.90 | 46,718,265.90 | |
| Borrowingsfromthecentralbank | |||
| Placementsfrombanksandotherfinancialinstitutions | |||
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Billspayable | |||
| Accountspayable | 192,172,938.77 | 192,172,938.77 | |
| Advancesfromcustomers | 1,491,017.37 | 1,491,017.37 | |
| Contractliabilities | 3,107,149,920.44 | 3,107,149,920.44 | |
| Financialassetssoldunderrepurchaseagreements | |||
| Depositsfrombanksandotherfinancialinstitutions | |||
| Customerdepositsforsecuritiestrading | |||
| Customerdepositsforsecuritiesunderwriting | |||
| Employeecompensationpayable | 647,448,189.72 | 647,448,189.72 | |
| Taxespayable | 187,413,250.40 | 187,413,250.40 | |
| Otherpayables | 128,629,520.86 | 128,629,520.86 | |
| Including:Interestpayable | |||
| Dividendspayable | |||
| Handlingchargesandcommissionpayable | |||
| Reinsuranceaccountspayable | |||
| Held-for-saleliabilities | |||
| Currentportionofnon-currentliabilities | 7,111,829.18 | 7,111,829.18 | |
| Othercurrentliabilities | 305,258,151.46 | 305,258,151.46 | |
| Totalcurrentliabilities | 4,616,281,254.92 | 4,623,393,084.10 | 7,111,829.18 |
| Non-currentliabilities: | |||
| Depositsforinsurancecontracts | |||
| Long-termborrowings | 206,090,358.06 | 206,090,358.06 | |
| Bondspayable | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Leaseliabilities | 2,654,639.37 | 2,654,639.37 | |
| Long-termaccountspayable | |||
| Long-termemployeeremunerationpayable | |||
| Provisionforliabilities | 12,147,826.09 | 12,247,826.09 | 100,000.00 |
| Deferredincome | 56,385,848.47 | 56,385,848.47 | |
| Deferredincometaxliabilities | 42,478,589.07 | 42,478,589.07 | |
| Othernon-currentliabilities | |||
| Totalnon-currentliabilities | 317,102,621.69 | 319,857,261.06 | 2,754,639.37 |
| Totalliabilities | 4,933,383,876.61 | 4,943,250,345.16 | 9,866,468.55 |
| Owners'equity(orshareholders'equity): | |||
| Paid-upcapital(orsharecapital) | 1,044,090,754.00 | 1,044,090,754.00 | |
| Otherequityinstruments | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Capitalreserve | 545,385,635.52 | 545,385,635.52 | |
| Less:Treasurystocks | 117,376,268.28 | 117,376,268.28 | |
| Othercomprehensiveincome | -7,643,663.35 | -7,643,663.35 | |
| Specialreserves | |||
| Surplusreserve | 195,947,299.77 | 195,942,797.49 | -4,502.28 |
| Generalriskreserve | |||
| Undistributedprofits | 2,893,625,565.93 | 2,893,333,737.94 | -291,827.99 |
| Totalequityattributabletoowners(orshareholders)oftheparentcompany | 4,554,029,323.59 | 4,553,732,993.32 | -296,330.27 |
| Minorityinterests | 483,731,488.14 | 483,597,609.88 | -133,878.26 |
| Totalowners'equity(orshareholders'equity) | 5,037,760,811.73 | 5,037,330,603.20 | -430,208.53 |
| Totalliabilitiesandowners'equity(orshareholders'equity) | 9,971,144,688.34 | 9,980,580,948.36 | 9,436,260.02 |
Descriptionofadjustmentsofeachitem:
□Applicable√NotApplicable
BalanceSheetofParentCompany
Unit:YuanCurrency:RMB
| Item | December31,2020 | January1,2021 | Adjustments |
| Currentassets: | |||
| Cashandbankbalances | 628,498,594.80 | 628,498,594.80 | |
| Held-for-tradingfinancialassets | 1,833,907,601.08 | 1,833,907,601.08 | |
| Derivativefinancialassets | |||
| Billsreceivable | 194,609.13 | 194,609.13 | |
| Accountsreceivable | 427,331,540.43 | 427,331,540.43 | |
| Receivablesfinancing | |||
| Prepayments | 30,871,016.72 | 30,532,426.68 | -338,590.04 |
| Otherreceivables | 43,769,249.04 | 43,769,249.04 | |
| Including:Interestreceivables | |||
| Dividendreceivables | |||
| Inventories | 325,151,655.77 | 325,151,655.77 | |
| Contractassets | 31,553,316.68 | 31,553,316.68 | |
| Held-for-saleassets | |||
| Currentportionofnon-currentassets | |||
| Othercurrentassets | 5,647,177.34 | 5,647,177.34 | |
| Totalcurrentassets | 3,326,924,760.99 | 3,326,586,170.95 | -338,590.04 |
| Non-currentassets: | |||
| Debtinvestments | |||
| Otherdebtinvestments | |||
| Long-termreceivables | |||
| Long-termequityinvestments | 2,419,704,939.59 | 2,419,704,939.59 | |
| Otherequityinstrumentinvestments | |||
| Othernon-currentfinancialassets | 2,050,871,495.84 | 2,050,871,495.84 | |
| Investmentproperties | 8,184,029.66 | 8,184,029.66 | |
| Fixedassets | 399,589,221.27 | 399,589,221.27 | |
| Constructioninprogress | 456,818,577.02 | 456,818,577.02 | |
| Productivebiologicalassets | |||
| Oilandgasassets | |||
| Right-of-useassets | 7,423,409.28 | 7,423,409.28 | |
| Intangibleassets | 146,164,296.77 | 146,164,296.77 | |
| Developmentexpenditure | |||
| Goodwill | |||
| Long-termprepaidexpense | 2,380,469.45 | 2,380,469.45 | |
| Deferredincometaxassets | 91,506,512.97 | 91,506,512.97 | |
| Othernon-currentassets | 441,999.00 | 441,999.00 | |
| Totalnon-currentassets | 5,575,661,541.57 | 5,583,084,950.85 | 7,423,409.28 |
| Totalassets | 8,902,586,302.56 | 8,909,671,121.80 | 7,084,819.24 |
| Currentliabilities: | |||
| Short-termborrowings | |||
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Billspayable | |||
| Accountspayable | 197,656,300.15 | 197,656,300.15 | |
| Advancesfromcustomers | |||
| Contractliabilities | 2,795,258,134.72 | 2,795,258,134.72 | |
| Employeecompensationpayable | 515,782,981.89 | 515,782,981.89 | |
| Taxespayable | 152,414,189.43 | 152,414,189.43 | |
| Otherpayables | 83,908,718.54 | 83,908,718.54 | |
| Including:Interestpayable | |||
| Dividendspayable | |||
| Held-for-saleliabilities | |||
| Currentportionofnon-currentliabilities | |||
| Othercurrentliabilities | |||
| Totalcurrentliabilities | 3,745,020,324.73 | 3,745,020,324.73 | |
| Non-currentliabilities: | |||
| Long-termborrowings | 122,536,819.73 | 122,536,819.73 | |
| Bondspayable | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Leaseliabilities | 7,129,842.08 | 7,129,842.08 | |
| Long-termaccountspayable | |||
| Long-termemployeeremunerationpayable | |||
| Provisionforliabilities | 11,269,713.18 | 11,269,713.18 | |
| Deferredincome | 56,183,143.62 | 56,183,143.62 | |
| Deferredincometaxliabilities | 39,723,311.77 | 39,723,311.77 | |
| Othernon-currentliabilities | |||
| Totalnon-currentliabilities | 229,712,988.30 | 236,842,830.38 | 7,129,842.08 |
| Totalliabilities | 3,974,733,313.03 | 3,981,863,155.11 | 7,129,842.08 |
| Owners'equity(orshareholders'equity): | |||
| Paid-upcapital(orsharecapital) | 1,044,090,754.00 | 1,044,090,754.00 | |
| Otherequityinstruments | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Capitalreserve | 284,304,968.23 | 284,304,968.23 | |
| Less:Treasurystocks | 117,376,268.28 | 117,376,268.28 | |
| Othercomprehensiveincome | 346,075.73 | 346,075.73 | |
| Specialreserves | |||
| Surplusreserve | 533,516,976.26 | 533,512,473.98 | -4,502.28 |
| Undistributedprofits | 3,182,970,483.59 | 3,182,929,963.03 | -40,520.56 |
| Totalowners'equity(orshareholders'equity) | 4,927,852,989.53 | 4,927,807,966.69 | -45,022.84 |
| Totalliabilitiesandowners'equity(orshareholders'equity) | 8,902,586,302.56 | 8,909,671,121.80 | 7,084,819.24 |
Descriptionofadjustmentsofeachitem:
□Applicable√NotApplicable
(4).NoteonretroactiveadjustmentsofpreviouscomparativedatawhentheNewLeaseStandards
werefirstimplementedin2021
□Applicable√NotApplicable
45.Others
□Applicable√NotApplicableVI.TAXES
1.MaintaxesandratesMaintaxesandrates
√Applicable□NotApplicable
| Taxes | Taxbasis | Taxrate |
| Value-addedtax(VAT) | TheoutputVATiscalculatedfromtherevenuefromsalesofgoodsorrenderingofservicesinaccordancewiththetaxlaw,netoftheinputVATthatisallowedtobedeductedinthecurrentperiod,thedifferenceisVATpayable | 3%、5%、6%、9%、13% |
| Urbanmaintenanceandconstructiontax | Turnovertaxactuallypaid | 1%、7% |
| Enterpriseincometax | Taxableincome | Fordetails,pleaserefertothedisclosurestatementoftaxableentitieswithdifferentcorporateincometaxrates |
| Landappreciationtax | Appreciationtaxresultingfromthepaidtransferofuserightofstate-ownedland,andpropertyrightofabove-groundstructuresandotherattachments | AccordingtothedocumentGSF[2010]No.53issuedbytheStateTaxationAdministrationandtherelevantregulationsoflocaltaxbureauswhererealestateprojectsaredeveloped,subsidiariesengagedinrealestatedevelopmentaccrueandprepaylandappreciationtaxbasedonacertainpercentageofrealestatesalesrevenueandadvancereceiptsandapplytothetaxauthoritiesforliquidationaftertheprojectsarefullycompletedandsalestargetisachieved. |
| Propertytax | Foradvaloremcollection,1.2%oftheremainingvalueafter30%oftheoriginalvalueofthepropertyisdeductedbylumpsum;forrent-basedcollection,12%oftherentalincome | 1.2%、12% |
| Educationalsurcharge | Turnovertaxactuallypaid | 3% |
| Localeducationsurcharges | Turnovertaxactuallypaid | 2% |
Disclosurestatementoftaxableentitieswithdifferentcorporateincometaxrates
√Applicable□NotApplicable
| Nameoftaxableentity | Incometaxrate(%) |
| TheCompany | 10% |
| QuzhouHundsun,ShaoxingHenghui,WuxiHenghua,BeijingQiantang,ShanghaiYirui,HangzhouBeiying,ShanghaiLiming,HangzhouYunhui,YunlianNetwork,ShanshangNetwork,BeijingXinruanfu,HangzhouYima,GuangdongInstituteofFinance,ShenzhenSoftbi,ShengtianNetwork,andShenzhenYungang[Note7] | |
| DataSecurity,ShanghaiGildata,HangzhouGildata,CloudwingNetwork,YunyongNetwork,CloudbrokerNetwork,JingtengNetwork,ShanghaiGenus,andHundsuniBontal | 15% |
| CloudyeeNetwork,andWengineNetwork | 12.5% |
| HangzhouXinglu,WuxiXinglu,NanjingXingcheng,andNanjingXingding[Note8] | |
| OverseassubsidiariesJapanHundsun,HundsunInternationalTechnologies,HundsunAyers,HundsunHK,AyersTechnologies |
| (Singapore),HundsunU.S.,IntercontinentalHoldings,ChainNext,HundsunInternational,HundsunHoldings,HundsunIHSMarkit(HongKong),andGenSys[Note9] | |
| Othertaxableentitiesotherthantheabove | 25% |
[Note7]Taxesarepaidattheprescribedrateforsmallandmicroenterprises.[Note8]Thesesubsidiariesarepartnershipenterprisesandtheincometaxrateisnotapplicable.[Note9]Taxesarepaidattheratesprescribedbythejurisdictionsinwhichtheyoperate.
2.Taxpreferences
√Applicable□NotApplicable
(1)Inaccordancewiththerequirementsofthedocument(CS[2011]No.100)issuedbytheMinistryofFinanceandtheStateTaxationAdministration,thetaxesofsalesofsoftwareproducts(salesofself-developedandproducedsoftwareproductsandnotaccompaniedbyatransferofcopyrightsandownership)oftheCompanyanditssubsidiariesandsoftwareservicerevenue(versionupgradeservices)shallbepaidatarateof13%,andtherefundpolicieswillbeappliedfortheexcessoftheactualtaxburdenover3%uponverificationbythecompetenttaxauthorities.
(2)AscertifiedbyZhejiangProvincialDevelopmentandReformCommission,theCompanyisakeysoftwareenterprisewithinthenationalplanninglayout.InaccordancewiththerelevantprovisionsoftheNoticeonIssuesConcerningPreferentialPoliciesonCorporateIncomeTaxforSoftwareandIntegratedCircuitIndustry(CS[2016]No.49)issuedbytheMinistryofFinanceandtheStateTaxationAdministration,theCompanyisentitledtothepreferentialincometaxpolicyforkeysoftwareandintegratedcircuitdesignenterpriseswithinthenationalplanninglayout.Thecorporateincometaxwaspaidatarateof10%inthecurrentperiod.
(3)InaccordancewiththerelevantprovisionsofMeasuresfortheAdministrationoftheRecognitionofHigh-techEnterprises(GKFH[2016]No.32)andtheGuidelinesfortheRecognitionManagementofHigh-techEnterprises(GKFH[2016]No.195)issuedbytheMinistryofScienceandTechnology,theMinistryofFinanceandStateTaxationAdministration,DataSecurity,YunyongNetwork,CloudbrokerNetworkhavebeenrecognizedashigh-techenterprisessince2018,withavalidperiodofthreeyears,theCompanyappliedforthereviewofthevalidperiodinthecurrentperiodandthusthesesubsidiariespaidtheircorporateincometaxesatatemporaryrateof15%inthecurrentperiod.ShanghaiGildataandShanghaiGenushavebeenrecognizedashigh-techenterprisessince2019,withavalidperiodofthreeyears.CloudwingNetwork,HangzhouGildataandHangzhouGildatahavebeenrecognizedashigh-techenterprisessince2020,withavalidperiodofthreeyears,andpaidtheircorporateincometaxesatarateof15%inthecurrentperiod.
(4)AccordingtotheNoticeoftheMinistryofFinanceandtheStateAdministrationofTaxationontheImplementationofPreferentialIncomeTaxPoliciesforSmallandMicroEnterprises(CS[2019]No.13)andtheAnnouncementonMattersRelatingtotheImplementationofPreferentialIncomeTaxPoliciestoSupporttheDevelopmentofSmallandMicroEnterprisesandIndividualIndustrialandCommercialHouseholds(SATAnnouncementNo.8of2021),ShanghaiYirui,BeijingQiantang,HangzhouBeiying,ShanghaiLiming,HangzhouYunhui,YunlianNetwork,ShanshangNetwork,BeijingXinruanfu,HangzhouYima,GuangdongInstituteofFinance,BusinessIntelligence(Hangzhou),ShengtianNetwork,
QuzhouHundsun,ShaoxingHenghui,WuxiHenghuaandShenzhenYungangwerequalifiedassmallandmicroenterprisesinthecurrentperiod.Smalllow-profitenterpriseswithanannualtaxableincomenotexceedingRMB1millionshallreducetheirtaxableincomeby12.5%andbesubjecttoacorporateincometaxatarateof20%.ThosewithanannualtaxableincomeexceedingRMB1millionbutnotexceedingRMB3millionshallreducetheirtaxableincomeby50%andbesubjecttoacorporateincometaxatarateof20%.
(5)InaccordancewiththeprovisionsoftheAnnouncementonCorporateIncomeTaxPoliciesforIntegratedCircuitDesignandSoftwareIndustries[2019No.68]issuedbytheMinistryofFinanceandStateTaxationAdministration,softwareenterprises,establishedinaccordancewiththelawandeligibleforthepreferentialperiodcalculatedfromtheprofit-makingyearbeforeDecember31,2018,shallbeexemptfromcorporateincometaxfromthefirstyeartothesecondyearandpaycorporateincometaxatareducedstatutorytaxrateof25%fromthethirdyeartothefifthyear.Thecurrentperiodisthethirdprofit-makingyearofWengineNetwork,sothissubsidiaryisexemptfromincometax.Thecurrentperiodisthefourthprofit-makingyearofCloudyeeNetwork,sothissubsidiarypayshalfofitsincometax.
(6)InaccordancewiththeNoticeoftheMinistryofFinanceandtheStateAdministrationofTaxationonthePoliciesandCatalogueofIncomeTaxPreferencesforEnterprisesinGuangdongHengqinNewArea,FujianPingtanComprehensiveExperimentalZone,andShenzhenQianhaiShenzhen-HongKongModernServiceIndustryCooperativeZone(CS[2014]No.26)issuedbyMinistryofFinanceandtheStateAdministrationofTaxation,enterprisesinencouragedindustrieslocatedinHengqinNewZone,PingtanComprehensiveExperimentalZoneandShenzhenQianhaiShenzhen-HongKongModernServiceIndustryCooperativeZoneshallpaytheircorporateincometaxatareducedrateof15%tillDecember31,2020.InaccordancewiththeprovisionsoftheAdministrativeRulesofShenzhenMunicipalityontheMakingofNormativeDocumentsofAdministrativeOrganizations(Order305oftheShenzhenMunicipalPeople'sGovernment),itisdecidedthroughdeliberationtorenewtheOperationalGuidelinesonRecognizingtheEnterprisesEnjoyingReducedCITinQianhaiShenzhen-HongKongModernServicesIndustryCooperationZone(Trial)(SQHG[2018]No.4),whichiseffectivefromAugust1,2020toDecember31,2021.Therefore,HundsuniBontalpaiditscorporateincometaxatareducedrateof15%atadiscountof10%inthecurrentperiod.
3.Others
□Applicable√NotApplicableVII.NOTESONTHEMAINITEMSINTHECONSOLIDATEDFINANCIALSTATEMENTS
1.Cashandbankbalances
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Cashonhand | 365,020.30 | 680,095.55 |
| Bankdeposits | 1,707,660,259.64 | 1,271,428,003.78 |
| Othercashandbankbalances | 19,679,566.66 | 102,734,491.91 |
| Total | 1,727,704,846.60 | 1,374,842,591.24 |
| Item | Closingbalance | Openingbalance |
| Including:totalamountdepositedabroad | 112,690,519.32 | 92,131,259.64 |
OtherDescription
(1)CentralizedmanagementoffundsHundsuniBontal,asubsidiaryincorporatedintothescopeofconsolidationduringtheperiod,hasenteredintotheGroupFundsPoolingAgreementwithitsformercontrollingshareholder,ShenzhenSunlineTechCo.,Ltd.,whichhasnotbeendissolvedasofDecember31,2021,sothereisnobalanceoffundsallocatedtoorfromHundsuniBontal.Otherthantheabove,theCompanydoesnotmanageitsfundsinacentralizedmanner.
(2)Othernotes
OthercashandbankbalancesattheendoftheperiodincludeaguaranteedepositofRMB4,270,755.00,whichisrestrictedinuse.
2.Held-for-tradingfinancialassets
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Financialassetsatfairvaluethroughprofitorloss | 1,991,523,094.74 | 2,723,350,172.04 |
| Including: | ||
| Equityinstrumentinvestment | 23,523,040.35 | 203,584,270.32 |
| Debtinstrumentinvestment | 32,058,053.43 | |
| Short-termbankwealthmanagementproductsandfundtrustetc | 1,968,000,054.39 | 2,487,707,848.29 |
| Total | 1,991,523,094.74 | 2,723,350,172.04 |
Othernotes:
□Applicable√NotApplicable
3.Derivativefinancialassets
□Applicable√NotApplicable
4.Billsreceivable
(1).Billsreceivablebycategory
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Commercialacceptancebills | 636,600.00 | 194,609.13 |
| Total | 636,600.00 | 194,609.13 |
(2).PledgedbillsreceivablebytheCompanyasattheendoftheperiod
□Applicable√NotApplicable
(3).BillsreceivableendorsedordiscountedbytheCompanyattheendoftheperiodandnotyetdue
onthebalancesheetdate
□Applicable√NotApplicable
(4).BillsreceivabletransferredtoaccountsreceivablebytheCompanyduetonon-performanceby
thedrawerattheendoftheperiod
□Applicable√NotApplicable
(5).Disclosurebycategoriesbymeansofallowanceforbaddebts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Class | Closingbalance | Openingbalance | ||||||||
| Bookbalance | Allowanceforbaddebts | Carryingvalue | Bookbalance | Allowanceforbaddebts | Carryingvalue | |||||
| Amount | Proportion(%) | Amount | Proportion(%) | Amount | Proportion(%) | Amount | Proportion(%) | |||
| Allowanceforbaddebtsmadeonacollectivebasis | 636,600.00 | 100.00 | 636,600.00 | 194,609.13 | 100.00 | 194,609.13 | ||||
| Including: | ||||||||||
| Commercialacceptancebillreceivable | 636,600.00 | 100.00 | 636,600.00 | 194,609.13 | 100.00 | 194,609.13 | ||||
| Total | 636,600.00 | / | / | 636,600.00 | 194,609.13 | / | / | 194,609.13 | ||
Allowanceforbaddebtsmadeonanindividualbasis:
□Applicable√NotApplicableAllowanceforbaddebtsmadeonacollectivebasis:
√Applicable□NotApplicableItemforwhichallowancewasmadeonacollectivebasis:commercialacceptancebillsreceivable
Unit:YuanCurrency:RMB
| Name | Closingbalance | ||
| Billsreceivable | Allowanceforbaddebts | Provision(%) | |
| Commercialacceptancebillreceivable | 636,600.00 | ||
| Total | 636,600.00 | ||
Recognitioncriteriaanddescriptionofallowanceforbaddebtsmadeonacollectivebasis
√Applicable□NotApplicable
Expectedcreditlossesarecalculatedbyreferringtohistoricalcreditlossexperienceandbasedoncurrentconditionsandforecastsoffutureeconomicconditionsthroughdefaultexposuresandexpectedcreditlossratesthroughouttheduration.IfallowanceforbaddebtsismadeasperthegeneralmodelofECL,pleaserefertothedisclosureofotherreceivables:
□Applicable√NotApplicable
(6).Allowanceforbaddebts
□Applicable√NotApplicable
(7).Actualwrite-offofbillsreceivableinthecurrentperiod
□Applicable√NotApplicableOtherDescription
□Applicable√NotApplicable
5.Accountsreceivable
(1).Disclosurebyaging
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Aging | Closingbookbalance |
| Sub-totalwithin1year | 629,478,391.81 |
| 1-2years | 147,974,035.69 |
| 2-3years | 49,134,360.65 |
| Over3years | 119,133,613.87 |
| Total | 945,720,402.02 |
(2).Disclosurebycategorybymeansofallowanceforbaddebts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Class | Closingbalance | Openingbalance | ||||||||
| Bookbalance | Allowanceforbaddebts | Carryingvalue | Bookbalance | Allowanceforbaddebts | Carryingvalue | |||||
| Amount | Proportion(%) | Amount | Proportion(%) | Amount | Proportion(%) | Amount | Proportion(%) | |||
| Allowanceforbaddebtsmadeonanindividualbasis | 52,964,932.39 | 5.60 | 52,964,932.39 | 100.00 | 71,904,016.32 | 10.35 | 71,904,016.32 | 100.00 | ||
| Including: | ||||||||||
Allowanceforbaddebtsmadeonacollectivebasis
| Allowanceforbaddebtsmadeonacollectivebasis | 892,755,469.63 | 94.40 | 129,839,262.13 | 14.54 | 762,916,207.50 | 623,053,966.31 | 89.65 | 99,780,431.80 | 16.01 | 523,273,534.51 |
| Including: | ||||||||||
| Agingportfolio | 892,755,469.63 | 94.40 | 129,839,262.13 | 14.54 | 762,916,207.50 | 623,053,966.31 | 89.65 | 99,780,431.80 | 16.01 | 523,273,534.51 |
| Total | 945,720,402.02 | / | 182,804,194.52 | / | 762,916,207.50 | 694,957,982.63 | / | 171,684,448.12 | / | 523,273,534.51 |
Allowanceforbaddebtsmadeonanindividualbasis
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Name | Closingbalance | |||
| Bookbalance | Allowanceforbaddebts | Provision(%) | Reasons | |
| Amountofothersoftwareservices | 52,964,932.39 | 52,964,932.39 | 100.00 | |
| Total | 52,964,932.39 | 52,964,932.39 | 100.00 | / |
Allowanceforbaddebtsmadeonanindividualbasis:
□Applicable√NotApplicableAllowanceforbaddebtsmadeonacollectivebasis:
√Applicable□NotApplicableItemforwhichallowancewasmadeonacollectivebasis:groupedbyaging
Unit:YuanCurrency:RMB
| Name | Closingbalance | ||
| Accountsreceivable | Allowanceforbaddebts | Provision(%) | |
| Within1year | 629,478,391.81 | 31,473,919.62 | 5.00 |
| 1-2years | 146,876,326.22 | 14,687,632.61 | 10.00 |
| 2-3years | 46,747,202.44 | 14,024,160.74 | 30.00 |
| Over3years | 69,653,549.16 | 69,653,549.16 | 100.00 |
| Total | 892,755,469.63 | 129,839,262.13 | 14.54 |
Recognitioncriteriaanddescriptionofallowanceforbaddebtsmadeonacollectivebasis:
√Applicable□NotApplicableAtableofagingofaccountsreceivableandlifetimeexpectedcreditlossratesisprepared,andtheexpectedcreditlossiscalculated,withreferencetohistoricalcreditlossexperience,inconsiderationofcurrentconditionsandexpectationsoffutureeconomicconditions.IfallowanceforbaddebtsismadeasperthegeneralmodelofECL,pleaserefertothedisclosureofotherreceivables:
□Applicable√NotApplicable
(3).Allowanceforbaddebts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Class | Openingbalance | Changeduringthecurrentperiod | Closingbalance | |||
| Provision | Recoveredorreversed | Write-offorcancellation | Otherchanges | |||
| Allowanceforbaddebtsmadeonanindividualbasis | 71,904,016.32 | 1,066,721.15 | 20,005,805.08 | 52,964,932.39 | ||
| Class | Openingbalance | Changeduringthecurrentperiod | Closingbalance | |||
| Provision | Recoveredorreversed | Write-offorcancellation | Otherchanges | |||
| Allowanceforbaddebtsmadeonacollectivebasis | 99,780,431.80 | 30,058,830.33 | 129,839,262.13 | |||
| Total | 171,684,448.12 | 31,125,551.48 | 20,005,805.08 | 182,804,194.52 | ||
Thesignificantamountofprovisionreversalandrecoveryofbaddebtsinthecurrentperiod:
□Applicable√NotApplicable
(4).Actualaccountsreceivablewrittenoffinthecurrentperiod
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Write-off |
| Actualaccountsreceivablewrittenoff | 20,005,805.08 |
Write-offofsignificantaccountreceivables
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Natureofaccountsreceivable | Write-off | Reasonforwrite-off | Write-offproceduresadopted | Fromrelatedpartytransactionsornot |
| HOMSsoftwaresalesreceivable | Softwaresalesreceivable | 19,696,640.08 | Expectedunrecoverable | Managementapproval | N |
| Total | / | 19,696,640.08 | / | / | / |
Notesonwrite-offofaccountsreceivable:
□Applicable√NotApplicable
(5).Topfiveaccountreceivablesaccordingtoclosingbalancesgroupedbythedebtor
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Proportioninthetotalclosingbalanceofaccountsreceivable(%) | Closingbalanceofallowanceforbaddebts |
| Customer1 | 16,516,367.34 | 1.75 | 1,202,762.61 |
| Customer2 | 15,030,256.40 | 1.59 | 751,512.82 |
| Customer3 | 14,448,854.85 | 1.53 | 880,042.74 |
| Customer4 | 14,440,000.00 | 1.53 | 722,000.00 |
| Customer5 | 14,215,692.40 | 1.50 | 873,218.89 |
| Total | 74,651,170.99 | 7.90 | 4,429,537.06 |
(6).Accountsreceivablederecognizedduetothetransferoffinancialassets
□Applicable√NotApplicable
(7).Amountofassetsorliabilitiesduetothetransferofaccountsreceivableandcontinuing
involvement
□Applicable√NotApplicable
Othernotes:
□Applicable√NotApplicable
6.Receivablesfinancing
□Applicable√NotApplicable
7.Prepayments
(1).Disclosurebyaging
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Aging | Closingbalance | Openingbalance | ||
| Amount | Proportion(%) | Amount | Proportion(%) | |
| Within1year | 11,098,252.30 | 93.61 | 7,457,443.42 | 91.25 |
| 1-2years | 747,155.77 | 6.30 | 268,613.92 | 3.29 |
| 2-3years | 11,032.81 | 0.09 | 76,108.43 | 0.93 |
| Over3years | 370,087.94 | 4.53 | ||
| Total | 11,856,440.88 | 100.00 | 8,172,253.71 | 100.00 |
Explanationofreasonsfordelayedsettlementofimportantprepaymentswithagingover1year:
[Note10]Thedifferencesbetweentheopeningbalancesandtheclosingbalancesofthepreviousyear(December31,2020)aredetailedinNoteV(44)1)ofthefinancialstatements.
(2).Topfiveprepaymentsaccordingtoclosingbalancesgroupedbyprepayers
√Applicable□NotApplicable
| Item | Closingbalance | Proportioninthetotalclosingbalanceofprepayments(%) |
| Customer1 | 1,679,245.29 | 14.16 |
| Customer2 | 1,281,742.00 | 10.81 |
| Customer3 | 845,178.90 | 7.13 |
| Customer4 | 745,283.02 | 6.29 |
| Customer5 | 522,282.38 | 4.41 |
| Total | 5,073,731.59 | 42.80 |
OtherDescription
□Applicable√NotApplicable
8.OtherreceivablesItem
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Otherreceivables | 30,706,405.33 | 27,411,805.19 |
| Total | 30,706,405.33 | 27,411,805.19 |
Othernotes:
□Applicable√NotApplicable
Interestreceivable
(1).Classificationofinterestreceivable
□Applicable√NotApplicable
(2).Significantoverdueinterest
□Applicable√NotApplicable
(3).Allowanceforbaddebts
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicableDividendreceivables
(4).Dividendreceivables
□Applicable√NotApplicable
(5).Significantdividendsreceivablewiththeagingover1year
□Applicable√NotApplicable
(6).Allowanceforbaddebts
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicableOtherreceivables
(7).Disclosurebyaging
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Aging | Closingbookbalance |
| Sub-totalwithin1year | 24,814,884.87 |
| 1-2years | 4,359,327.23 |
| 2-3years | 4,684,100.30 |
| Over3years | 16,723,206.21 |
| Total | 50,581,518.61 |
(8).Otherreceivablesbynature
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Nature | Closingbookbalance | Openingbookbalance |
| Deposits | 35,970,661.72 | 28,336,515.98 |
| Imprestfund | 13,371,823.96 | 16,131,549.56 |
| Currentpayments | 2,200,000.00 | |
| Equitytransferpayment | 400,000.00 | |
| Others | 1,239,032.93 | 541,210.83 |
| Nature | Closingbookbalance | Openingbookbalance |
| Total | 50,581,518.61 | 47,609,276.37 |
(9).Allowanceforbaddebts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Allowanceforbaddebts | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditloss("ECL")overthenext12months | LifetimeECL(notcredit-impaired) | LifetimeECL(credit-impaired) | ||
| BalanceasofJanuary1,2021 | 949,777.35 | 934,546.27 | 18,313,147.56 | 20,197,471.18 |
| BalanceasofJanuary1,2021duringtheperiod | ||||
| -Transfertostage2 | -217,966.36 | 217,966.36 | ||
| -Transfertostage3 | -558,410.03 | 558,410.03 | ||
| -Reversetostage2 | ||||
| -Reversetostage1 | ||||
| Provisionintheperiod | 508,933.27 | -158,169.88 | -515,056.21 | -164,292.82 |
| Reversalintheperiod | -50,000.00 | -50,000.00 | ||
| Write-offintheperiod | ||||
| Cancellationintheperiod | 39,211.91 | 39,211.91 | ||
| Otherchanges | -168,853.17 | -168,853.17 | ||
| BalanceasofDecember31,2021 | 1,240,744.26 | 435,932.72 | 18,198,436.30 | 19,875,113.28 |
[Note11]:Otherchangesrepresenttransfersfrombusinesscombinations,write-offtransfersandtheexchangesintheexchangerate.Notesonsignificantchangesinthecarryingamountofotherreceivablesforwhichchangesintheallowanceforlossesoccurredduringthecurrentperiod:
□Applicable√NotApplicableAmountofallowanceforbaddebtsforthecurrentperiodandbasisforevaluatingwhetherthecreditriskoffinancialinstrumentsincreasessignificantly:
□Applicable√NotApplicable
(10).Allowanceforbaddebts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Class | Openingbalance | Changeduringthecurrentperiod | Closingbalance | |||
| Provision | Recoveredorreversed | Write-offorcancellation | Otherchanges | |||
| Allowanceforbaddebtsmadeonanindividualbasis | 383,333.33 | 100,000.00 | 483,333.33 | |||
| Allowanceforbaddebtsmadeonacollectivebasis | 19,814,137.85 | -264,292.82 | -50,000.00 | 39,211.91 | -168,853.17 | 19,391,779.95 |
| Total | 20,197,471.18 | -164,292.82 | -50,000.00 | 39,211.91 | -168,853.17 | 19,875,113.28 |
Thesignificanttransfersorreversalswithallowanceforbaddebtsduringthecurrentperiod:
□Applicable√NotApplicable
(11).Otherreceivablesactuallywrittenoffintheperiod
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Write-off |
| Otherreceivablesactuallywrittenoff | 39,211.91 |
Write-offofsignificantotherreceivables:
□Applicable√NotApplicableNotesonwrite-offofotherreceivables:
□Applicable√NotApplicable
(12).Topfiveotherreceivablesaccordingtoclosingbalancesgroupedbythedebtor
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Nature | Closingbalance | Aging | Proportioninthetotalclosingbalanceofotherreceivables(%) | Closingbalanceofallowanceforbaddebts |
| Customer1 | Deposits | 7,771,000.00 | Over3years | 15.36 | 7,771,000.00 |
| Customer2 | Deposits | 2,570,069.22 | TheamountsareRMB990,911.12forlessthan1year,RMB559,896.79for1-2years,RMB377,374.32for2-3yearsandRMB641,886.99forover3years,respectively | 5.08 | 860,634.52 |
| Customer3 | Deposits | 1,711,300.41 | Within1year | 3.38 | 85,565.02 |
| Customer4 | Depositsandadvances | 1,560,079.27 | Within1year | 3.08 | 78,003.96 |
| Customer5 | Deposits | 1,509,817.02 | 2-3years | 2.98 | 452,945.11 |
| Total | / | 15,122,265.92 | / | 29.88 | 9,248,148.61 |
(13).Receivablesinvolvinggovernmentgrants
□Applicable√NotApplicable
(14).Otherreceivablesderecognizedduetothetransferoffinancialassets
□Applicable√NotApplicable
(15).Amountofassetsorliabilitiesduetothetransferofotherreceivablesandcontinuinginvolvement
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
9.Inventories
(1).Classificationofinventories
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance | ||||
| Bookbalance | Provisionforpricereductionofinventories/impairmentprovisionforcontractperformancecost | Carryingvalue | Bookbalance | Provisionforpricereductionofinventories/impairmentprovisionforcontractperformancecost | Carryingvalue | |
| Rawmaterials | 52,630.18 | 14,565.00 | 38,065.18 | 32,435.38 | 6,487.08 | 25,948.30 |
| Finishedgoods | 46,678,737.87 | 2,307,524.53 | 44,371,213.34 | 37,099,707.37 | 2,613,622.50 | 34,486,084.87 |
| Contractperformancecosts | 425,709,305.22 | 3,236,969.83 | 422,472,335.39 | 317,035,369.52 | 317,035,369.52 | |
| Consignedprocessingmaterials | 124,488.30 | 13,912.02 | 110,576.28 | 179,416.51 | 35,883.30 | 143,533.21 |
| Total | 472,565,161.57 | 5,572,971.38 | 466,992,190.19 | 354,346,928.78 | 2,655,992.88 | 351,690,935.90 |
(2).Provisionforpricereductionofinventoriesandimpairmentprovisionforcontractperformance
cost
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Closingbalance | ||
| Provision | Others | Reversalorwrite-off | Others | |||
| Rawmaterials | 6,487.08 | 15,236.04 | 7,158.12 | 14,565.00 | ||
| Finishedgoods | 2,613,622.50 | 472,454.36 | 778,552.33 | 2,307,524.53 | ||
| Contractperformancecosts | 3,236,969.83 | 3,236,969.83 | ||||
| Consignedprocessingmaterials | 35,883.30 | 13,912.02 | 35,883.30 | 13,912.02 | ||
| Total | 2,655,992.88 | 3,738,572.25 | 821,593.75 | 5,572,971.38 | ||
(3).Amountofcapitalizedborrowingcostsincludedintheclosingbalanceofinventories
□Applicable√NotApplicable
(4).Amortizationamountofcontractperformancecostinthecurrentperiod
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Increaseinthecurrentperiod | Amortizationintheperiod | Impairmentprovisionintheperiod[Note12] | Closingbalance |
| Employeecompensation | 190,355,811.63 | 880,614,131.91 | 804,162,688.77 | 3,236,969.83 | 263,570,284.94 |
| Travelexpenses | 39,774,847.51 | 125,435,003.08 | 102,749,424.74 | 62,460,425.85 | |
| Consultingfeeforspecialitems | 82,833,777.75 | 192,660,239.60 | 182,033,472.51 | 93,460,544.84 | |
| Others | 4,070,932.63 | 14,159,819.63 | 15,249,672.50 | 2,981,079.76 | |
| Sub-total | 317,035,369.52 | 1,212,869,194.22 | 1,104,195,258.52 | 3,236,969.83 | 422,472,335.39 |
[Note12]ItistheamountofimpairmentprovisionforeachitemofcontractperformancecostOtherDescription
□Applicable√NotApplicable
10.Contractassets
(1).Contractassets
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance | ||||
| Bookbalance | Impairmentprovision | Carryingvalue | Bookbalance | Impairmentprovision | Carryingvalue | |
| Retentionreceivables | 36,392,215.79 | 2,723,747.42 | 33,668,468.37 | 36,404,323.30 | 2,223,480.06 | 34,180,843.24 |
| Total | 36,392,215.79 | 2,723,747.42 | 33,668,468.37 | 36,404,323.30 | 2,223,480.06 | 34,180,843.24 |
(2).AmountandreasonsforsignificantchangesincarryingvalueduringtheReportingPeriod
□Applicable√NotApplicable
(3).Provisionforimpairmentofcontractassetsinthecurrentperiod
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Provisionintheperiod | Reversalintheperiod | Cancellation/write-offinthecurrentperiod | Reason |
| Provisionmadeonacollectivebasis | 500,267.36 | Theexpectedcreditlossiscalculated,withreferencetohistoricalcreditlossexperience,inconsiderationofcurrentconditionsandexpectationoffutureeconomicconditions,andbasedonthedefaultriskexposureandlifetimeexpectedcreditlossrate. | ||
| Total | 500,267.36 | / |
IfallowanceforbaddebtsismadeasperthegeneralmodelofECL,pleaserefertothedisclosureofotherreceivables:
□Applicable√NotApplicableOthernotes:
√Applicable□NotApplicableContractassetswithimpairmentprovisionmadeonacollectivebasis:Unit:YuanCurrency:RMB
| Item | Closingbalance | ||
| Bookbalance | Impairmentprovision | Proportion(%) | |
| Agingportfolio | 36,392,215.79 | 2,723,747.42 | 7.48 |
| Including:within1year | 23,434,775.09 | 1,171,738.75 | 5.00 |
| 1-2years | 11,676,117.70 | 1,167,611.77 | 10.00 |
| 2-3years | 1,281,323.00 | 384,396.90 | 30.00 |
| Sub-total | 36,392,215.79 | 2,723,747.42 | 7.48 |
11.Held-for-saleassets
□Applicable√NotApplicable
12.Currentportionofnon-currentassets
□Applicable√NotApplicableSignificantdebtinvestmentsandotherdebtinvestmentsasattheendoftheperiod:
□Applicable√NotApplicableOtherDescription
13.Othercurrentassets
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Prepaidtaxes | 2,194,044.75 | 6,020,315.27 |
| InputVATtobededucted | 6,478,276.96 | 4,322,205.55 |
| Total | 8,672,321.71 | 10,342,520.82 |
14.Debtinvestments
(1).Debtinvestments
□Applicable√NotApplicable
(2).Significantdebtinvestmentsattheendoftheperiod
□Applicable√NotApplicable
(3).Provisionforimpairment
□Applicable√NotApplicableAmountofprovisionforimpairmentforthecurrentperiodandbasisforevaluatingwhethercreditriskoffinancialinstrumentsincreasesignificantly
□Applicable√NotApplicableOtherDescription
□Applicable√NotApplicable
15.Otherdebtinvestments
(1).Otherdebtinvestments
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Accruedinterest | Changesinfairvalueinthecurrentperiod | Closingbalance | Cost | Interestadjustment | Accumulatedchangesinfairvalue | Accumulatedallowanceforlossesrecognizedinothercomprehensiveincome | Remark |
| Financialbonds | 83,845,382.74 | 582,743.09 | -50,507.13 | 65,681,018.23 | 63,214,598.80 | -302,830.41 | 2,186,506.75 | ||
| Total | 83,845,382.74 | 582,743.09 | -50,507.13 | 65,681,018.23 | 63,214,598.80 | -302,830.41 | 2,186,506.75 | / |
(2).Significantotherdebtinvestmentsattheendoftheperiod
□Applicable√NotApplicable
(3).Provisionforimpairment
□Applicable√NotApplicableAmountofprovisionforimpairmentforthecurrentperiodandbasisforevaluatingwhethercreditriskoffinancialinstrumentsincreasesignificantly
□Applicable√NotApplicableOthernotes:
√Applicable□NotApplicableAllotherdebtinvestmentsinthecurrentperiodarefinancialbondspurchasedfromUBSSwitzerlandAG(UBS)byHundsunAyers.AsofDecember31,2021,thecarryingvalueofbondsheldbyHundsunAyersinaleasedstatusamountedtoRMB19,400,458.33.
16.Long-termreceivables
(1).Long-termreceivables
□Applicable√NotApplicable
(2).Allowanceforbaddebts
□Applicable√NotApplicableAmountofallowanceforbaddebtsforthecurrentperiodandbasisforevaluatingwhetherthecreditriskoffinancialinstrumentsincreasessignificantly
□Applicable√NotApplicable
(3).Long-termreceivablesderecognizedduetothetransferoffinancialassets
□Applicable√NotApplicable
(4).Amountofassetsorliabilitiesduetothetransferoflong-termreceivables
□Applicable√NotApplicableOtherDescription
□Applicable√NotApplicable
17.Long-termequityinvestments
√Applicable□NotApplicable
Unit:10,000yuanCurrency:RMB
| Investee | Openingbalance | Changesinthecurrentperiod | Closingbalance | Closingbalanceofimpairmentprovision | |||||||
| Increaseininvestment | Decreaseininvestment | Investmentprofitorlossrecognizedbyequitymethod | Othercomprehensiveincomeadjustments | Otherchangesinequity | Cashdividendsandprofitsdeclared | Impairmentprovision | Others | ||||
| I.Jointventures | |||||||||||
| Sub-total | |||||||||||
| II.Associates | |||||||||||
| Ant(Hangzhou)FundsSalesCo.,Ltd. | 13,547.81 | 12,079.21 | 23.64 | 25,650.66 | |||||||
| HangzhouHundsunCenturyIndustryCo.,Ltd. | 3,981.77 | -427.61 | 3,554.16 | ||||||||
| ShenzhenTradeBlazerTechnologyCo.,Ltd. | 5,034.21 | 397.37 | 47.90 | 896.64 | 4,582.84 | 4,132.51 | |||||
| HangzhouRongduScience&TechnologyCo.,Ltd. | 892.53 | -194.51 | 698.02 | 1,647.27 | |||||||
| ZhejiangSantanTechnologyCo.,Ltd. | 1,817.30 | -492.55 | 1,324.75 | ||||||||
| ZhejiangHundsunChangyunNetworkTechnologyCo.,Ltd. | 743.31 | 661.50 | 58.98 | -140.79 | |||||||
| HangzhouHundsunYuntaiNetworkTechnologyCo.,Ltd. | 3,288.42 | 3.70 | -2,226.06 | 1,135.21 | 0.58 | 2,194.45 | |||||
| GuangdongYuecaiInternetFinanceCo.,Ltd. | 460.86 | 10.44 | 471.30 | ||||||||
| BeijingHongtianRongdaInformationTechnologyCo.,Ltd. | 15.38 | -15.38 | 235.09 | ||||||||
| GoldenStateInvestmentServicesCo.,Ltd. | 2,746.73 | 422.08 | 3,168.81 | ||||||||
| ShenzhenRicequantTechnologyCo.,Ltd. | 2,009.96 | -186.76 | 1,823.20 | 4,765.12 | |||||||
| FujianTradingMarketRegistrationandSettlementCenterCo.,Ltd. | 776.05 | -42.69 | 733.36 | ||||||||
| HundsunCloudFinancingNetworkTechnologyCo.,Ltd. | 1,697.50 | -164.16 | 865.43 | 2,398.77 | |||||||
| HangzhouFupuGongjinInvestmentPartnership(L.P.) | 2,332.02 | 410.62 | 2,742.64 | ||||||||
| HangzhouHISOMEDigitalEquipmentTechnologyCo.,Ltd. | 2,455.68 | 594.40 | 3,050.08 | ||||||||
| JiangxiLianjiaoyunRegistrationandSettlementCenterCo.,Ltd. | 126.35 | 48.12 | 174.47 | ||||||||
| GuangdongYuecaiNetSmallLoanMicrofinanceCo.,Ltd. | 2,178.81 | 16.79 | 2,195.60 | ||||||||
| ShanghaiLeanworkFinancialInformationServiceCo.,Ltd. | 742.15 | -23.31 | 17.64 | 101.00 | 635.48 | 1,148.60 | |||||
| HangzhouWanmingDigitalTechnologyCo.,Ltd. | 491.71 | -3.66 | 488.05 | ||||||||
| BeijingHezhiXingtuTechnologyCo.,Ltd. | 5,940.98 | -462.78 | 191.09 | 5,669.29 | |||||||
| ShanghaiDworldAITechCo.,Ltd. | 168.92 | 6,574.79 | 6,948.71 | -197.44 | 402.44 | ||||||
| HanzhouEceyesInternetFinancialCo.,Ltd. | 6,450.66 | 350.13 | -147.68 | 6,653.11 | |||||||
| ZhejiangZhongjinXinzhiInvestmentManagementCo.,Ltd. | 362.34 | 70.00 | 339.55 | 166.08 | 605.81 | ||||||
| BeijingYuntuHanxingInformationTechnologyCo.,Ltd. | 1,054.31 | 11.25 | 661.00 | 404.56 | 661.00 | ||||||
| ZhejiangBaiyingTechnologyCo.,Ltd. | 2,768.45 | -206.35 | 2,562.10 | ||||||||
| HangzhouNationalSoftwareIndustryBaseCo.,Ltd. | 270.99 | -39.03 | 231.96 | ||||||||
| ZhejiangInstituteofModernCapitalandIndustry | 2.91 | -0.02 | 2.89 |
| BeijingTongchuangYongyiTechnologyDevelopmentCo.,Ltd. | 5,240.51 | -683.82 | 56.70 | 4,613.39 | |||||||
| ShanghaiQianyunInformationTechnologyCo.,Ltd. | 2,948.39 | -158.32 | 2,790.07 | ||||||||
| Databaker(Beijing)TechnologyCo.,Ltd. | 3,350.45 | -154.60 | 3,195.85 | ||||||||
| N2NCONNECTBERHAD | 15,868.40 | 450.23 | 819.17 | 15,499.46 | |||||||
| ShanghaiYitongtouTechnologyCo.,Ltd. | 1,350.00 | -40.30 | 1.43 | 1,311.13 | |||||||
| NanjingPengxiEquityInvestmentCenter(L.P.) | 12,000.00 | -331.57 | 11,668.43 | ||||||||
| Sub-total | 73,897.46 | 35,863.19 | 7,613.91 | 9,138.25 | 2,191.36 | 1,881.89 | 762.00 | 262.23 | 111,094.69 | 12,589.59 | |
| Total | 73,897.46 | 35,863.19 | 7,613.91 | 9,138.25 | 2,191.36 | 1,881.89 | 762.00 | 262.23 | 111,094.69 | 12,589.59 |
18.Otherequityinstrumentinvestments
(1).Investmentsinotherequityinstruments
□Applicable√NotApplicable
(2).Investmentsinnon-tradingequityinstruments
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
19.Othernon-currentfinancialassets
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| FinancialassetsatFVTPL | 2,981,720,276.86 | 2,229,463,162.16 |
| Including:Investmentsinequityinstruments | 1,740,015,513.31 | 1,082,289,046.68 |
| Trustplans,otherfunds,etc. | 1,241,704,763.55 | 1,147,174,115.48 |
| Total | 2,981,720,276.86 | 2,229,463,162.16 |
Othernotes:
□Applicable√NotApplicable
20.InvestmentpropertiesMeasurementmodelofinvestmentproperties
(1).Investmentpropertiesmeasuredatcost
Unit:YuanCurrency:RMB
| Item | Housesandbuildings | Landuserights | Total |
| I.Originalcarryingvalue | |||
| 1.Openingbalance | 124,080,175.09 | 213,096.60 | 124,293,271.69 |
| 2.Increaseinthecurrentperiod | 22,908,485.39 | 22,908,485.39 | |
| (1)Outsourcing | |||
| (2)Transferredfrominventories,fixedassetsorconstructioninprogress | 22,908,485.39 | 22,908,485.39 | |
| (3)Increasefrombusinesscombination | |||
| 3.Decreaseinthecurrentperiod | |||
| (1)Disposal | |||
| (2)Othertransfer-out | |||
| 4.Closingbalance | 146,988,660.48 | 213,096.60 | 147,201,757.08 |
| II.Accumulateddepreciationandaccumulatedamortization | |||
| 1.Openingbalance | 12,803,519.95 | 78,502.95 | 12,882,022.90 |
| 2.Increaseinthecurrentperiod | 6,789,297.65 | 5,467.60 | 6,794,765.25 |
| (1)Provisionoramortization | 3,665,073.08 | 5,467.60 | 3,670,540.68 |
| (2)Transfertofixedassets | 3,124,224.57 | 3,124,224.57 | |
| 3.Decreaseinthecurrentperiod | |||
| (1)Disposal | |||
| (2)Othertransfer-out | |||
| 4.Closingbalance | 19,592,817.60 | 83,970.55 | 19,676,788.15 |
| III.Provisionforimpairment | |||
| 1.Openingbalance | |||
| 2.Increaseinthecurrentperiod | |||
| (1)Provision | |||
| 3.Decreaseinthecurrentperiod | |||
| (1)Disposal | |||
| (2)Othertransfer-out | |||
| 4.Closingbalance | |||
| IV.Carryingvalue | |||
| 1.Closingcarryingvalue | 127,395,842.88 | 129,126.05 | 127,524,968.93 |
| 2.Openingcarryingvalue | 111,276,655.14 | 134,593.65 | 111,411,248.79 |
[Note13]Housesandbuildingsincludelanduserightsthathavebeenleasedbutcannotbemeasuredseparately.
(2).Investmentpropertieswithoutthetitlecertificates
□Applicable√NotApplicableOtherDescription
□Applicable√NotApplicable
21.FixedassetsItem
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Fixedassets | 1,679,515,491.95 | 472,506,719.88 |
| Total | 1,679,515,491.95 | 472,506,719.88 |
Othernotes:
□Applicable√NotApplicableFixedassets
(1).Fixedassets
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Buildings | Electronicequipment | Vehicles | Otherequipment | Total |
| I.Originalcarryingvalue: | |||||
| 1.Openingbalance | 435,780,902.06 | 257,193,424.47 | 12,276,984.60 | 69,733,338.71 | 774,984,649.84 |
| 2.Increaseinthecurrentperiod | 1,124,188,866.43 | 77,790,130.55 | 1,088,735.41 | 92,812,285.17 | 1,295,880,017.56 |
| (1)Purchase | 3,270,662.29 | 77,452,962.98 | 1,088,735.41 | 5,940,193.36 | 87,752,554.04 |
| (2)Transfertoconstructioninprogress | 1,120,918,204.14 | 86,774,294.09 | 1,207,692,498.23 | ||
| (3)Increasefrombusinesscombination | 541,967.34 | 117,229.59 | 659,196.93 | ||
| (4)Effectsfromtranslationoffinancialstatementsinforeigncurrency | -204,799.77 | -19,431.87 | -224,231.64 | ||
| 3.Decreaseinthecurrentperiod | 23,135,772.89 | 5,617,118.30 | 836,221.40 | 2,300,104.67 | 31,889,217.26 |
| (1)Disposalorretirement | 227,287.50 | 5,617,118.30 | 836,221.40 | 2,300,104.67 | 8,980,731.87 |
| (2)Transfertoinvestmentproperties | 22,908,485.39 | 22,908,485.39 | |||
| (3)ConsolidatedTransfer-out | |||||
| (4)Effectsfromtranslationoffinancialstatementsinforeigncurrency | |||||
| 4.Closingbalance | 1,536,833,995.60 | 329,366,436.72 | 12,529,498.61 | 160,245,519.21 | 2,038,975,450.14 |
| II.Accumulateddepreciation | |||||
| 1.Openingbalance | 93,957,222.83 | 155,476,628.78 | 7,243,647.95 | 45,800,176.39 | 302,477,675.95 |
| 2.Increaseinthecurrentperiod | 18,067,519.90 | 43,386,259.79 | 1,408,111.80 | 5,237,528.04 | 68,099,419.53 |
| (1)Provision | 18,124,822.10 | 43,219,816.54 | 1,340,121.88 | 5,094,427.59 | 67,779,188.11 |
| (2)Increasefrombusinesscombination | 330,122.61 | 67,989.92 | 159,253.87 | 557,366.40 | |
| (3)Effectsfromtranslationoffinancialstatementsinforeigncurrency | -57,302.20 | -163,679.36 | -16,153.42 | -237,134.98 | |
| 3.Decreaseinthecurrentperiod | 3,351,512.07 | 5,291,892.44 | 746,286.75 | 1,727,700.04 | 11,117,391.30 |
| (1)Disposalorretirement | 227,287.50 | 5,291,892.44 | 746,286.75 | 1,727,700.04 | 7,993,166.73 |
| (2)Transfertoinvestmentproperties | 3,124,224.57 | 3,124,224.57 | |||
| (3)Effectsfromtranslationoffinancialstatementsinforeigncurrency | |||||
| 4.Closingbalance | 108,673,230.66 | 193,570,996.13 | 7,905,473.00 | 49,310,004.39 | 359,459,704.18 |
| III.Provisionforimpairment | |||||
| 1.Openingbalance | 254.01 | 254.01 | |||
| 2.Increaseinthecurrentperiod | |||||
| (1)Provision | |||||
| 3.Decreaseinthecurrentperiod | |||||
| (1)Disposalorretirement | |||||
| 4.Closingbalance | 254.01 | 254.01 | |||
| IV.Carryingvalue | |||||
| 1.Closingcarryingvalue | 1,428,160,764.94 | 135,795,440.59 | 4,624,025.61 | 110,935,260.81 | 1,679,515,491.95 |
| 2.Openingcarryingvalue | 341,823,679.23 | 101,716,795.69 | 5,033,336.65 | 23,932,908.31 | 472,506,719.88 |
[Note14]Housesandbuildingsincludelanduserightsthatcannotbemeasuredseparately.
(2).Temporaryidlefixedassets
□Applicable√NotApplicable
(3).Fixedassetsrentedinthroughfinancinglease
□Applicable√NotApplicable
(4).Fixedassetsrentedoutthroughoperatinglease
□Applicable√NotApplicable
(5).Fixedassetswithoutthetitlecertificate
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Carryingvalue | Reason |
| HundsunCloudProductionBase(PhaseI) | 847,466,919.52 | Inprocess |
Othernotes:
□Applicable√NotApplicableDisposaloffixedassets
□Applicable√NotApplicable
22.ConstructioninprogressItems
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Constructioninprogress | 26,357,513.90 | 732,254,664.28 |
| Total | 26,357,513.90 | 732,254,664.28 |
Othernotes:
□Applicable√NotApplicableConstructioninprogress
(1).Constructioninprogress
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance | ||||
| Bookbalance | Impairmentprovision | Carryingvalue | Bookbalance | Impairmentprovision | Carryingvalue | |
| HundsunCloudProductionBase(PhaseI) | 455,668,473.90 | 455,668,473.90 | ||||
| HundsunCloudProductionBase(PhaseII) | 25,139,995.40 | 25,139,995.40 | 1,150,103.12 | 1,150,103.12 | ||
| WongChukHangOfficeBuildinginHongKong | 275,436,087.26 | 275,436,087.26 | ||||
| Sporadicprojects | 1,217,518.50 | 1,217,518.50 | ||||
| Total | 26,357,513.90 | 26,357,513.90 | 732,254,664.28 | 732,254,664.28 | ||
(2).SignificantchangesinCIPduringtheperiod
√Applicable□NotApplicable
Unit:10,000yuanCurrency:RMB
| Item | Budget | Openingbalance | Increaseinthecurrentperiod | Amounttransferredintofixedassetsduringtheperiod | Otherdecreasesduringtheperiod | Closingbalance | Proportionofcumulativeprojectinvestmentinbudget(%) | Constructionprogress | Accumulatedamountofcapitalizedinterest | Including:Amountofcapitalizedinterestduringtheperiod | Caprateofinterestduringtheperiod(%) | Sourceoffunds |
| HundsunCloudProductionBase(PhaseI) | 117,478.00 | 45,566.85 | 47,857.27 | 93,424.12 | 79.52 | 100.00 | 2,038.37 | 1,010.70 | 4.14 | Self-ownedcapitalandbankloan | ||
| HundsunCloudProductionBase(PhaseII) | 79,930.00 | 115.01 | 2,398.99 | 2,514.00 | 3.15 | 3.15 | Self-ownedcapitalandbankloan | |||||
| WongChukHangOfficeBuildinginHongKong | 33,332.70 | 27,543.61 | 27,345.13 | 198.48 | 82.63 | 100.00 | 63.00 | 43.91 | 1.06 | Self-ownedcapitalandbankloan | ||
| Sporadicprojects | 121.75 | 121.75 | Self-ownedcirculatingfund | |||||||||
| Total | 230,740.70 | 73,225.47 | 50,378.01 | 120,769.25 | 198.48 | 2,635.75 | 2,101.37 | 1,054.61 |
[Note15]Otherdecreasesinthecurrentperiodarethedifferencesintranslationoffinancialstatementsinforeigncurrencyduetochangesinexchangerates.
(3).ProvisionforimpairmentofCIPduringtheperiod
□Applicable√NotApplicableOtherDescription
□Applicable√NotApplicableConstructionmaterials
(4).Constructionmaterials
□Applicable√NotApplicable
23.Productivebiologicalassets
(1).Productivebiologicalassetsmeasuredatcost
□Applicable√NotApplicable
(2).Productivebiologicalassetsmeasuredatfairvalue
□Applicable√NotApplicableOtherDescription
□Applicable√NotApplicable
24.Oilandgasassets
□Applicable√NotApplicable
25.Right-of-useassets
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Buildings | Total |
| I.Originalcarryingvalue | ||
| 1.Openingbalance | 20,989,007.40 | 20,989,007.40 |
| 2.Increaseinthecurrentperiod | 34,379,116.88 | 34,379,116.88 |
| Item | Buildings | Total |
| 3.Decreaseinthecurrentperiod | ||
| 4.Closingbalance | 55,368,124.28 | 55,368,124.28 |
| II.Accumulateddepreciation | ||
| 1.Openingbalance | 10,717,815.08 | 10,717,815.08 |
| 2.Increaseinthecurrentperiod | 12,627,203.76 | 12,627,203.76 |
| (1)Provision | 12,627,203.76 | 12,627,203.76 |
| 3.Decreaseinthecurrentperiod | ||
| (1)Disposal | ||
| 4.Closingbalance | 23,345,018.84 | 23,345,018.84 |
| III.Provisionforimpairment | ||
| 1.Openingbalance | ||
| 2.Increaseinthecurrentperiod | ||
| (1)Provision | ||
| 3.Decreaseinthecurrentperiod | ||
| (1)Disposal | ||
| 4.Closingbalance | ||
| IV.Carryingvalue | ||
| 1.Closingcarryingvalue | 32,023,105.44 | 32,023,105.44 |
| 2.Openingcarryingvalue | 10,271,192.32 | 10,271,192.32 |
Othernotes:
[Note16]Thedifferencesbetweentheopeningbalancesandtheclosingbalancesofthepreviousyear(December31,2020)aredetailedinNoteV(44)1)ofthefinancialstatements.
26.Intangibleassets
(1).Intangibleassets
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Landuserights | Trademarkrights | Patentrights | Non-patentedtechnologies | Managementsoftwareandcopyright | Total |
| I.Originalcarryingvalue | ||||||
| 1.Openingbalance | 87,062,404.13 | 6,946,400.00 | 2,700,000.00 | 5,105,263.72 | 156,459,393.82 | 258,273,461.67 |
| 2.Increaseinthecurrentperiod | 459,716.28 | 247,479,608.19 | 247,939,324.47 | |||
| (1)Purchase | 459,716.28 | 217,051,378.05 | 217,511,094.33 | |||
| (2)Effectsfromtranslationoffinancialstatementsinforeigncurrency | -964,448.98 | -964,448.98 | ||||
| (3)Increasefrombusinesscombination | 31,392,679.12 | 31,392,679.12 | ||||
| 3.Decreaseinthecurrentperiod | 664,980.00 | 305,392.15 | 970,372.15 | |||
| (1)Disposal | 664,980.00 | 305,392.15 | 970,372.15 | |||
| 4.Closingbalance | 87,062,404.13 | 6,946,400.00 | 2,700,000.00 | 4,900,000.00 | 403,633,609.86 | 505,242,413.99 |
| II.Accumulatedamortization | ||||||
| Item | Landuserights | Trademarkrights | Patentrights | Non-patentedtechnologies | Managementsoftwareandcopyright | Total |
| 1.Openingbalance | 8,344,657.95 | 6,946,400.00 | 2,288,333.38 | 2,328,596.89 | 70,658,300.11 | 90,566,288.33 |
| 2.Increaseinthecurrentperiod | 1,748,840.12 | 259,999.98 | 30,013,437.12 | 32,022,277.22 | ||
| (1)Provision | 1,748,840.12 | 259,999.98 | 25,980,944.49 | 27,989,784.59 | ||
| (2)Effectsfromtranslationoffinancialstatementsinforeigncurrency | -349,869.29 | -349,869.29 | ||||
| (3)Increasefrombusinesscombination | 4,382,361.92 | 4,382,361.92 | ||||
| 3.Decreaseinthecurrentperiod | 205,263.72 | 157,929.60 | 363,193.32 | |||
| (1)Disposal | 205,263.72 | 157,929.60 | 363,193.32 | |||
| 4.Closingbalance | 10,093,498.07 | 6,946,400.00 | 2,548,333.36 | 2,123,333.17 | 100,513,807.63 | 122,225,372.23 |
| III.Provisionforimpairment | ||||||
| 1.Openingbalance | 2,776,666.83 | 3,917,854.62 | 6,694,521.45 | |||
| 2.Increaseinthecurrentperiod | ||||||
| (1)Provision | ||||||
| 3.Decreaseinthecurrentperiod | 137,500.12 | 137,500.12 | ||||
| (1)Disposal | 137,500.12 | 137,500.12 | ||||
| 4.Closingbalance | 2,776,666.83 | 3,780,354.50 | 6,557,021.33 | |||
| IV.Carryingvalue | ||||||
| 1.Closingcarryingvalue | 76,968,906.06 | 151,666.64 | 299,339,447.73 | 376,460,020.43 | ||
| 2.Openingcarryingvalue | 78,717,746.18 | 411,666.62 | 81,883,239.09 | 161,012,651.89 | ||
Theproportionofintangibleassetsformedthroughinternalresearchanddevelopmentinthebalanceofintangibleassetsattheendoftheperiodwas0
(2).Landuserightswithoutthetitlecertificates
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
27.Developmentexpenditure
□Applicable√NotApplicable
28.Goodwill
(1).Originalcarryingvalueofgoodwill
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Investeesoritemsthatgenerategoodwill | Openingbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Closingbalance | ||
| Arisingfrombusinesscombination | Disposal | |||||
| HundsunGlobalServicesInc. | 1,110,721.19 | 1,110,721.19 | ||||
| BusinessIntelligence(Hangzhou) | 14,091,467.31 | 14,091,467.31 | ||||
| HundsunHoldings | 340,974,202.26 | 340,974,202.26 | ||||
| HundsunBaichuan | 9,156,921.06 | 9,156,921.06 | ||||
| BusinessMatrix | 67,765,537.97 | 67,765,537.97 | ||||
| ShanghaiGenus | 50,754,368.23 | 50,754,368.23 | ||||
| HundsunLirong | 12,242,732.96 | 12,242,732.96 | ||||
| ShanghaiDworld | 33,547,864.43 | 33,547,864.43 | ||||
| HundsuniBontal | 9,542,639.09 | 9,542,639.09 | ||||
| Total | 483,853,218.02 | 55,333,236.48 | 539,186,454.50 | |||
(2).Provisionforimpairmentofgoodwill
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Investeesoritemsthatgenerategoodwill | Openingbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Closingbalance | ||
| Provision | Disposal | |||||
| HundsunGlobalServicesInc. | 1,110,721.19 | 1,110,721.19 | ||||
| HundsunHoldings | 132,138,046.09 | 132,138,046.09 | ||||
| HundsunBaichuan | 9,156,921.06 | 9,156,921.06 | ||||
| BusinessMatrix | 29,288,639.18 | 29,288,639.18 | ||||
| Total | 171,694,327.52 | 171,694,327.52 | ||||
(3).Informationonassetgroupsorcombinationofassetgroupsincludinggoodwill
√Applicable□NotApplicable
1)CombinationofassetgroupsofBusinessIntelligence(Hangzhou)
| Compositionofassetgroupsorcombinationofassetgroups | GoodwillassetsandliabilitiesofBusinessIntelligence(Hangzhou) |
| Carryingvalueofassetgroupsorcombinationofassetgroups | -11,862,591.81 |
| Carryingvalueandallocationmethodofgoodwillallocatedtoassetgroupsorcombinationofassetgroups | 45,456,346.15 |
| Carryingvalueofassetgroupsorcombinationofassetgroupsincludinggoodwill | 33,593,754.34 |
| Areassetgroupsorcombinationofassetgroupsconsistentwiththosedeterminedinthegoodwillimpairmenttestontheacquisitiondateinthepreviousyear | Yes |
2)CombinationofassetgroupsofHundsunHoldings
| Compositionofassetgroupsorcombinationofassetgroups | GoodwillassetsandliabilitiesofHundsunHoldings |
| Carryingvalueofassetgroupsorcombinationofassetgroups | 304,267,066.69 |
| Carryingvalueandallocationmethodofgoodwillallocatedtoassetgroupsorcombinationofassetgroups | 381,783,721.43 |
| Carryingvalueofassetgroupsorcombinationofassetgroupsincludinggoodwill | 686,050,788.12 |
| Areassetgroupsorcombinationofassetgroupsconsistentwiththosedeterminedinthegoodwillimpairmenttestontheacquisitiondateinthepreviousyear | Yes |
3)CombinationofassetgroupsofBusinessMatrix
| Compositionofassetgroupsorcombinationofassetgroups | GoodwillassetsandliabilitiesofBusinessMatrix |
| Carryingvalueofassetgroupsorcombinationofassetgroups | 18,540,198.68 |
| Carryingvalueandallocationmethodofgoodwillallocatedtoassetgroupsorcombinationofassetgroups | 45,266,939.76 |
| Carryingvalueofassetgroupsorcombinationofassetgroupsincludinggoodwill | 63,807,138.44 |
| Areassetgroupsorcombinationofassetgroupsconsistentwiththosedeterminedinthegoodwillimpairmenttestontheacquisitiondateinthepreviousyear | Yes |
4)CombinationofassetgroupsofShanghaiGenus
| Compositionofassetgroupsorcombinationofassetgroups | GoodwillassetsandliabilitiesofShanghaiGenus |
| Carryingvalueofassetgroupsorcombinationofassetgroups | 15,622,760.74 |
| Carryingvalueandallocationmethodofgoodwillallocatedtoassetgroupsorcombinationofassetgroups | 88,408,241.19 |
| Carryingvalueofassetgroupsorcombinationofassetgroupsincludinggoodwill | 104,031,001.93 |
| Areassetgroupsorcombinationofassetgroupsconsistentwiththosedeterminedinthegoodwillimpairmenttestontheacquisitiondateinthepreviousyear | Yes |
5)CombinationofassetgroupsofHundsunLirong
| Compositionofassetgroupsorcombinationofassetgroups | GoodwillassetsandliabilitiesofHundsunLirong |
| Carryingvalueofassetgroupsorcombinationofassetgroups | 90,003,976.54 |
| Carryingvalueandallocationmethodofgoodwillallocatedtoassetgroupsorcombinationofassetgroups | 12,242,732.96 |
| Carryingvalueofassetgroupsorcombinationofassetgroupsincludinggoodwill | 102,246,709.50 |
| Areassetgroupsorcombinationofassetgroupsconsistentwiththosedeterminedinthegoodwillimpairmenttestontheacquisitiondateinthepreviousyear | Yes |
6)CombinationofassetgroupsofShanghaiDworld
| Compositionofassetgroupsorcombinationofassetgroups | GoodwillassetsandliabilitiesofShanghaiDworld |
| Carryingvalueofassetgroupsorcombinationofassetgroups | 946,143.56 |
| Carryingvalueandallocationmethodofgoodwillallocatedtoassetgroupsorcombinationofassetgroups | 51,275,146.70 |
| Carryingvalueofassetgroupsorcombinationofassetgroupsincludinggoodwill | 52,221,290.26 |
| Areassetgroupsorcombinationofassetgroupsconsistentwiththosedeterminedinthegoodwillimpairmenttestontheacquisitiondateinthepreviousyear | Yes |
7)CombinationofassetgroupsofHundsuniBontal
| Compositionofassetgroupsorcombinationofassetgroups | GoodwillassetsandliabilitiesofHundsuniBontal |
| Carryingvalueofassetgroupsorcombinationofassetgroups | 43,015,832.58 |
| Carryingvalueandallocationmethodofgoodwillallocatedtoassetgroupsorcombinationofassetgroups | 10,905,873.25 |
| Carryingvalueofassetgroupsorcombinationofassetgroupsincludinggoodwill | 53,921,705.83 |
| Areassetgroupsorcombinationofassetgroupsconsistentwiththosedeterminedinthegoodwillimpairmenttestontheacquisitiondateinthepreviousyear | Yes |
(4).Noteontheprocessofgoodwillimpairmenttest,keyparameters(suchasforecastgrowthrate,
steadygrowthrate,profitmargin,discountrate,forecastperiod(ifapplicable)inestimatingthepresentvalueoffuturecashflow)andrecognitionmethodofimpairmentlossongoodwill
√Applicable□NotApplicable
1)CombinationofassetgroupsofBusinessIntelligence(Hangzhou)Therecoverableamountofgoodwilliscalculatedbythepresentvalueoftheexpectedfuturecashflow.Theexpectedcashflowsarebasedonthefive-yearcashflowforecastapprovedbytheCompany.Thediscountrateusedinthecashflowforecastis11.96%,whichisbasicallyapproximatetothediscountratesadoptedbycompaniesinthesameindustry.Otherkeydatausedintheimpairmenttestincludesoftwareservicerevenue,staffcostsandotherrelatedexpenses.TheCompanydeterminestheabovekeydatabasedonhistoricalexperienceandmarketdevelopmentforecast.ThediscountrateadoptedbytheCompanyisthepretaxratereflectingthetimevalueofthecurrentmarketcurrencyandthespecificriskoftherelevantassetgroup.
Therecoverableamountoftheassetgrouporcombinationofassetgroupsincludinggoodwillwastestedtobehigherthanthecarryingvalueandtherewasnoimpairmentlossongoodwill.
2)CombinationofassetgroupsofHundsunHoldings
Therecoverableamountofgoodwilliscalculatedbythepresentvalueoftheexpectedfuturecashflow.Theexpectedcashflowsarebasedonthefive-yearcashflowforecastapprovedbytheCompany.Thediscountrateusedinthecashflowforecastis12.28%,whichisbasicallyapproximatetothediscountratesadoptedbycompaniesinthesameindustry.
Otherkeydatausedintheimpairmenttestincludesoftwaresalesrevenue,staffcostsandotherrelatedexpenses.TheCompanydeterminestheabovekeydatabasedonhistoricalexperienceandmarketdevelopmentforecast.ThediscountrateadoptedbytheCompanyisthepretaxratereflectingthetimevalueofthecurrentmarketcurrencyandthespecificriskoftherelevantassetgroup.
Therecoverableamountoftheassetgrouporcombinationofassetgroupsincludinggoodwillwastestedtobehigherthanthecarryingvalueandtherewasnoimpairmentlossongoodwill.
3)CombinationofassetgroupsofBusinessMatrix
Therecoverableamountofgoodwilliscalculatedbythepresentvalueoftheexpectedfuturecashflow.Theexpectedcashflowsarebasedonthefive-yearcashflowforecastapprovedbytheCompany.Thediscountrateusedinthecashflowforecastis14.52%,whichisbasicallyapproximatetothediscountratesadoptedbycompaniesinthesameindustry.
Otherkeydatausedintheimpairmenttestincludesoftwaresalesrevenue,staffcostsandotherrelatedexpenses.TheCompanydeterminestheabovekeydatabasedonhistoricalexperienceandmarketdevelopmentforecast.ThediscountrateadoptedbytheCompanyisthepretaxratereflectingthetimevalueofthecurrentmarketcurrencyandthespecificriskoftherelevantassetgroup.
Aftertests,therecoverableamountoftheassetgrouporcombinationofassetgroupsincludinggoodwillwasRMB65,928,200.00,higherthanthecarryingvalueofRMB65,635,158.44,andthustherewasnoimpairmentlossongoodwill.
4)CombinationofassetgroupsofShanghaiGenus
Therecoverableamountofgoodwilliscalculatedbythepresentvalueoftheexpectedfuturecashflow.Theexpectedcashflowsarebasedonthefive-yearcashflowforecastapprovedbytheCompany.Thediscountrateusedinthecashflowforecastis12.41%,whichisbasicallyapproximatetothediscountratesadoptedbycompaniesinthesameindustry.
Otherkeydatausedintheimpairmenttestincludesoftwaresalesrevenue,staffcostsandotherrelatedexpenses.TheCompanydeterminestheabovekeydatabasedonhistoricalexperienceandmarketdevelopmentforecast.ThediscountrateadoptedbytheCompanyisthepretaxratereflectingthetimevalueofthecurrentmarketcurrencyandthespecificriskoftherelevantassetgroup.
Therecoverableamountoftheassetgrouporcombinationofassetgroupsincludinggoodwillwastestedtobehigherthanthecarryingvalueandtherewasnoimpairmentlossongoodwill.
5)CombinationofassetgroupsofHundsunLirong
Therecoverableamountofgoodwilliscalculatedbythepresentvalueoftheexpectedfuturecashflow.Theexpectedcashflowsarebasedonthefive-yearcashflowforecastapprovedbytheCompany.Thediscountrateusedinthecashflowforecastis15.23%,whichisbasicallyapproximatetothediscountratesadoptedbycompaniesinthesameindustry.
Otherkeydatausedintheimpairmenttestincludesoftwaresalesrevenue,staffcostsandotherrelatedexpenses.TheCompanydeterminestheabovekeydatabasedonhistoricalexperienceandmarketdevelopmentforecast.ThediscountrateadoptedbytheCompanyisthepretaxratereflectingthetimevalueofthecurrentmarketcurrencyandthespecificriskoftherelevantassetgroup.
Therecoverableamountoftheassetgrouporcombinationofassetgroupsincludinggoodwillwastestedtobehigherthanthecarryingvalueandtherewasnoimpairmentlossongoodwill.
6)CombinationofassetgroupsofShanghaiDworld
Therecoverableamountofgoodwilliscalculatedbythepresentvalueoftheexpectedfuturecashflow.Theexpectedcashflowsarebasedonthefive-yearcashflowforecastapprovedbytheCompany.Thediscountrateusedinthecashflowforecastis14.40%,whichisbasicallyapproximatetothediscountratesadoptedbycompaniesinthesameindustry.
Otherkeydatausedintheimpairmenttestincludesoftwaresalesrevenue,staffcostsandotherrelatedexpenses.TheCompanydeterminestheabovekeydatabasedonhistoricalexperienceandmarketdevelopmentforecast.ThediscountrateadoptedbytheCompanyisthepretaxratereflectingthetimevalueofthecurrentmarketcurrencyandthespecificriskoftherelevantassetgroup.
Therecoverableamountoftheassetgrouporcombinationofassetgroupsincludinggoodwillwastestedtobehigherthanthecarryingvalueandtherewasnoimpairmentlossongoodwill.
7)CombinationofassetgroupsofHundsuniBontalTherecoverableamountofgoodwilliscalculatedbythepresentvalueoftheexpectedfuturecashflow.Theexpectedcashflowsarebasedonthefive-yearcashflowforecastapprovedbytheCompany.Thediscountrateusedinthecashflowforecastis13.16%,whichisbasicallyapproximatetothediscountratesadoptedbycompaniesinthesameindustry.
Otherkeydatausedintheimpairmenttestincludesoftwaresalesrevenue,staffcostsandotherrelatedexpenses.TheCompanydeterminestheabovekeydatabasedonhistoricalexperienceandmarketdevelopmentforecast.ThediscountrateadoptedbytheCompanyisthepretaxratereflectingthetimevalueofthecurrentmarketcurrencyandthespecificriskoftherelevantassetgroup.Therecoverableamountoftheassetgrouporcombinationofassetgroupsincludinggoodwillwastestedtobehigherthanthecarryingvalueandtherewasnoimpairmentlossongoodwill.
(5).Effectofgoodwillimpairmenttest
□Applicable√NotApplicableOtherDescription
□Applicable√NotApplicable
29.Long-termprepaidexpense
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Increaseinthecurrentperiod | Amortizationinthecurrentperiod | Otherdecreases | Closingbalance |
| Renovationexpenseofleasedfixedassets | 3,370,336.31 | 610,846.31 | 2,723,406.19 | 1,257,776.43 | |
| Total | 3,370,336.31 | 610,846.31 | 2,723,406.19 | 1,257,776.43 |
30.Deferredtaxassets/deferredtaxliabilities
(1).Deferredtaxassetsbeforeoffset
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance | ||
| Deductibletemporarydifference | Deferredtaxassets | Deductibletemporarydifference | Deferredtaxassets | |
| Provisionforassetimpairment | 265,075,656.77 | 26,992,920.46 | 259,018,386.82 | 26,250,497.02 |
| Deferredincome | 38,094,994.90 | 3,809,499.49 | 56,183,143.62 | 5,618,314.36 |
| Accruedexpenses | 55,298,353.65 | 5,588,772.82 | 51,273,907.00 | 5,186,725.76 |
| Provisionforliabilities | 16,523,860.93 | 1,665,818.79 | 11,052,089.47 | 1,116,409.31 |
| Share-basedpayments | 123,794,153.23 | 12,487,113.82 | 19,292,637.23 | 1,929,263.72 |
| Softwaredevelopmenttaxdifference[Note17] | 1,122,853,556.52 | 112,285,355.65 | 313,094,911.11 | 31,309,491.11 |
| Changesinfairvalueofheld-for-tradingfinancialassets | 3,762,656.15 | 607,010.48 | ||
| Total | 1,625,403,232.15 | 163,436,491.51 | 709,915,075.25 | 71,410,701.28 |
[Note17]ThedifferencewasduetothefactthattheCompany'ssoftwaredevelopmentprojectswereperformanceobligationstobeperformedatacertaintimepointinaccordancewiththenewrevenuestandards.Therevenueisrecognizeduponcompletionandacceptanceoftheprojects,whilethetaxrevenueisrecognizedinaccordancewiththeprogressofprojectdevelopment,sothedifferenceisthedifferenceintheamountofrevenueunderthetwostandards.
(2).Deferredtaxliabilitiesbeforeoffset
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance | ||
| Taxabletemporarydifference | Deferredtaxliabilities | Taxabletemporarydifference | Deferredtaxliabilities | |
| ChangesinthefairvalueoffinancialassetsatFVTPL | 678,407,174.31 | 67,840,717.44 | 419,942,441.33 | 42,109,481.78 |
| Changesinfairvalueofdebtinvestmentschargedtoothercomprehensiveincome | 2,186,506.75 | 360,773.61 | 2,237,013.88 | 369,107.29 |
| Total | 680,593,681.06 | 68,201,491.05 | 422,179,455.21 | 42,478,589.07 |
(3).Deferredtaxassetsorliabilitiespresentedinthenetamountafteroffset
□Applicable√NotApplicable
(4).Breakdownofunrecognizeddeferredtaxassets
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Deductibletemporarydifference | 269,295,856.20 | 372,717,354.02 |
| Deductiblelosses | 735,174,456.32 | 672,110,717.25 |
| Total | 1,004,470,312.52 | 1,044,828,071.27 |
(5).Deductiblelossesofunrecognizeddeferredincometaxassetsdueinthefollowingyear
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
31.Othernon-currentassets
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance | ||||
| Bookbalance | Impairmentprovision | Carryingvalue | Bookbalance | Impairmentprovision | Carryingvalue | |
| Prepaymentforacquisition[Note18] | 112,816,169.61 | 112,816,169.61 | ||||
| Prepaymentforinvestment | 441,999.00 | 441,999.00 | ||||
| Total | 112,816,169.61 | 112,816,169.61 | 441,999.00 | 441,999.00 | ||
[Note18]Fordetails,pleaserefertoNoteXIV(1)3)tothefinancialstatements.
32.Short-termborrowings
(1).Classificationofshort-termborrowings
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Mortgageloans | 27,165,529.39 | 46,718,265.90 |
| Loansincredit | 150,862,784.72 | |
| Total | 178,028,314.11 | 46,718,265.90 |
Notesontheclassificationofshort-termborrowings:
MortgageloansrefertoloansfromUBSSwitzerlandAG(UBS)toHundsunAyerstomeetthedailyworkingcapitalneeds.AccordingtotheloanagreementsignedbetweenHundsunAyersandUBS,theloanobtainedbyHundsunAyersissecuredbyotherdebtinvestmentsthatHundsunAyerscanfreelytradeinUBS’saccount.
(2).Short-termloansoverdueandoutstanding
□Applicable√NotApplicableTheshort-termloansoverdueandoutstandingareasfollows:
□Applicable√NotApplicableOtherDescription
□Applicable√NotApplicable
33.Held-for-tradingfinancialliabilities
□Applicable√NotApplicable
34.Derivativefinancialliabilities
□Applicable√NotApplicable
35.Billspayable
(1).Breakdownofbillspayable
□Applicable√NotApplicable
36.Accountspayable
(1).Breakdownofaccountspayable
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Accountspayableforgoodsandmaterialpurchase | 37,530,321.62 | 18,157,821.13 |
| Accountspayableforlong-termassetacquisition | 333,841,308.45 | 94,415,085.61 |
| Costandexpensepayments | 132,387,085.11 | 79,600,032.03 |
| Total | 503,758,715.18 | 192,172,938.77 |
(2).Significantaccountspayablewiththeagingoveroneyear
□Applicable√NotApplicableOtherDescription
□Applicable√NotApplicable
37.Advancesfromcustomers
(1).Breakdownofadvancesfromcustomers
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Advancesfromhouseleases | 2,283,715.48 | 1,491,017.37 |
| Total | 2,283,715.48 | 1,491,017.37 |
(2).Significantadvancesfromcustomerswiththeagingoveroneyear
□Applicable√NotApplicableOtherDescription
□Applicable√NotApplicable
38.Contractliabilities
(1).Contractliabilities
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Paymentsforsoftwaresalesandservices | 3,203,414,609.69 | 3,107,149,920.44 |
| Total | 3,203,414,609.69 | 3,107,149,920.44 |
(2).AmountandreasonsforsignificantchangesincarryingvalueduringtheReportingPeriod
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
39.Employeecompensationpayable
(1).Breakdownofemployeeremunerationpayable
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Closingbalance |
| I.Short-termcompensation | 618,666,867.09 | 3,534,518,717.61 | 3,412,930,693.56 | 740,254,891.14 |
| II.Post-employmentbenefits-definedcontributionplans | 3,604,724.39 | 104,501,905.36 | 102,469,171.62 | 5,637,458.13 |
| III.Terminationbenefits | 509,405.00 | 3,187,747.56 | 3,697,152.56 |
| IV.Otherbenefitsduewithinoneyear | ||||
| V.Share-basedpayments | 24,667,193.24 | 11,882,474.32 | 7,445,515.12 | 29,104,152.44 |
| VI.Non-competitioncompensation | 3,525,187.63 | 3,525,187.63 | ||
| Total | 647,448,189.72 | 3,657,616,032.48 | 3,530,067,720.49 | 774,996,501.71 |
[Note19]IncreaseintransferfromconsolidationwasRMB3,787,914.30inthecurrentperiod.
(2).Breakdownofshort-termcompensation
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Closingbalance |
| I.Wages,bonuses,allowancesandsubsidies | 479,820,007.13 | 3,147,044,760.78 | 3,018,091,144.77 | 608,773,623.14 |
| II.Employeebenefits | 61,205,311.05 | 61,205,311.05 | ||
| III.Socialinsurancepremiums | 3,556,577.15 | 69,715,266.37 | 69,385,248.84 | 3,886,594.68 |
| Including:Medicalinsurance | 3,502,625.07 | 67,314,753.86 | 67,011,273.21 | 3,806,105.72 |
| Work-relatedinjuryinsurance | 49,157.79 | 1,568,370.06 | 1,537,647.85 | 79,880.00 |
| Maternityinsurance | 4,794.29 | 832,142.45 | 836,327.78 | 608.96 |
| IV.Housingprovidentfund | 358,849.89 | 243,412,301.88 | 243,319,976.99 | 451,174.78 |
| V.Tradeunionfundsandstaffeducationfunds | 134,931,432.92 | 13,141,077.53 | 20,929,011.91 | 127,143,498.54 |
| Total | 618,666,867.09 | 3,534,518,717.61 | 3,412,930,693.56 | 740,254,891.14 |
(3).Detailsofdefinedcontributionplan
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Closingbalance |
| 1.Basicendowmentinsurance | 3,481,681.19 | 101,000,454.63 | 99,036,346.24 | 5,445,789.58 |
| 2.Unemploymentinsurance | 123,043.20 | 3,501,450.73 | 3,432,825.38 | 191,668.55 |
| 3.Enterpriseannuity | ||||
| Total | 3,604,724.39 | 104,501,905.36 | 102,469,171.62 | 5,637,458.13 |
Othernotes:
□Applicable√NotApplicable
40.Taxespayable
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Value-addedtax(VAT) | 119,462,002.58 | 144,713,671.10 |
| Enterpriseincometax | 26,806,846.66 | 17,056,046.41 |
| Individualincometax | 18,287,729.35 | 11,454,770.16 |
| Urbanmaintenanceandconstruction | 15,514,925.91 | 5,065,134.65 |
| tax | ||
| Educationalsurcharge | 6,666,440.13 | 3,159,389.55 |
| Propertytax | 2,634,194.57 | 2,463,560.46 |
| Landusetax | 1,192,807.59 | 743,113.13 |
| Localeducationsurcharges | 4,396,774.09 | 2,058,740.31 |
| Stampduty | 1,098,117.24 | 695,715.38 |
| Disabledsecurityfund | 3,044.75 | 3,109.25 |
| Localwaterconservancyfund | 2,059.54 | |
| Total | 196,064,942.41 | 187,413,250.40 |
41.OtherpayablesItem
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Otherpayables | 170,804,176.79 | 128,629,520.86 |
| Total | 170,804,176.79 | 128,629,520.86 |
Othernotes:
□Applicable√NotApplicableInterestspayable
(1).Detailsofclassification
□Applicable√NotApplicableDividendspayable
(2).Detailsofclassification
□Applicable√NotApplicableOtherpayables
(1).Otheraccountspayablebynatureofpayment
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Temporaryreceiptspayable | 21,204,885.84 | 26,957,978.00 |
| Depositsandconstructionqualityguaranteedeposit | 41,226,333.93 | 32,994,546.24 |
| Outstandingoperatingexpensessettled | 41,592,644.51 | 35,316,837.87 |
| Equitytransferpayable[NAote20] | 60,751,425.87 | 28,589,770.87 |
| Currentpayments | 1,279,679.27 | 2,200,000.00 |
| Others | 4,749,207.37 | 2,570,387.88 |
| Total | 170,804,176.79 | 128,629,520.86 |
[Note20]RMB12,189,841.00outoftheequitytransferpayablerepresentstheoutstandingequitytransferfromtheoriginalshareholdersofBusinessMatrix,RMB41,461,706.00representsthepaymentforequityacquisitionthathasnotmetthedeliveryconditions,andtheremainingRMB7,099,878.87representstheoutstandingequitytransferfromtheemployeesoftheshareholdingplatform.Theoutstandingamount
ofequitytransferfromtheemployeesoftheshareholdingplatformofRMB7,099,878.87isdetailedinNoteXIV(2)1)tothefinancialstatements.
(2).Othersignificantaccountspayablewiththeagingoveroneyear
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
42.Held-for-saleliabilities
□Applicable√NotApplicable
43.Currentportionofnon-currentliabilities
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Currentportionoflong-termborrowings | 145,804,947.56 | |
| Currentportionofleaseliabilities | 8,691,667.05 | 7,111,829.18 |
| Total | 154,496,614.61 | 7,111,829.18 |
Othernotes:
(1)Thedifferencesbetweentheopeningbalancesandtheclosingbalancesofthepreviousyear(December31,2020)aredetailedinNoteV(44)1)ofthefinancialstatements.
(2)Thecurrentportionoflong-termborrowingsofRMB143,802,792.00wassecuredbymortgagesprovidedbytheCompanyfortheHundsunCloudProductionBaseProjectanditslanduserights.
44.OthercurrentliabilitiesOthercurrentliabilities
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Withholdingoflandappreciationtax | 305,258,151.46 | 305,258,151.46 |
| Total | 305,258,151.46 | 305,258,151.46 |
[Note21]ThewithholdingoflandappreciationtaxisdetailedinNoteXVI(7)tothefinancialstatements.Changesinshort-termbondspayable:
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
45.Long-termborrowings
(1).Classificationoflong-termborrowings
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Mortgageloans | 77,523,804.59 | 206,090,358.06 |
| Guaranteedloan | 2,770,750.00 | |
| Loansincredit | 148,159,511.11 | |
| Total | 228,454,065.70 | 206,090,358.06 |
[Note22]MortgageloansaresecuredbythemortgageoftheWongChukHangofficebuildingprojectunderconstructioninHongKong.Othernotes,includingtheinterestratecollar:
□Applicable√NotApplicable
46.Bondspayable
(1).Bondspayable
□Applicable√NotApplicable
(2).Changesinbondspayable:(excludingpreferenceshares,perpetualbondsandotherfinancial
instrumentsclassifiedasfinancialliabilities)
□Applicable√NotApplicable
(3).Conditionsandtimingofconversionforconvertiblebonds
□Applicable√NotApplicable
(4).OtherfinancialinstrumentsclassifiedasfinancialliabilitiesBasicinformationonpreferenceshares,perpetualbondsandotherfinancialinstrumentsoutstandingattheendoftheperiod
□Applicable√NotApplicableChangesinpreferenceshares,perpetualbondsandotherfinancialinstrumentsoutstandingattheendofperiod
□Applicable√NotApplicableBasisforclassifyingotherfinancialinstrumentsasfinancialliabilities:
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
47.Leaseliabilities
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Outstandingleasepayments | 24,699,694.62 | 2,725,018.12 |
| Less:Unrecognizedfinancialcharges | -1,401,490.57 | -70,378.75 |
| Total | 23,298,204.05 | 2,654,639.37 |
[Note23]Thedifferencesbetweentheopeningbalancesandtheclosingbalancesofthepreviousyear(December31,2020)aredetailedinNoteV(44)1)ofthefinancialstatements.
48.Long-termaccountspayableItem
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicableLong-termaccountspayable
(1).Long-termaccountspayablebynature
□Applicable√NotApplicableSpecificaccountspayable
(2).Specificaccountspayablebynature
□Applicable√NotApplicable
49.Long-termemployeeremunerationpayable
□Applicable□NotApplicable
(1).Long-termemployeeremunerationpayable
□Applicable√NotApplicable
(2).ChangesindefinedbenefitplansPresentvalueofobligationsunderdefinedbenefitplans:
□Applicable√NotApplicableAssetsunderplans:
□Applicable√NotApplicableNetliabilities(netassets)underdefinedbenefitplans
□Applicable√NotApplicableNotesonthecontentofdefinedbenefitplans,relevantrisksandinfluenceonthefuturecashflow,timeanduncertaintyoftheCompany:
□Applicable√NotApplicableNotesonmajoractuarialassumptionsandsensitiveanalysisresultsofdefinedbenefitplans
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
50.Provisionforliabilities
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Closingbalance | Reason |
| Pendinglitigation | 438,483.82 | ||
| Productqualityguarantee | 11,709,342.27 | 15,685,038.46 | Itisduetotheprovisionofsoftwaremaintenanceexpenseat0.5%ofsoftwarerevenue(measuredbasedonactualhistoricaldata)inaccordancewiththetermsofthesoftwaresalescontractsignedbetweentheCompanyandthecustomerregardingthecommitmentoffreemaintenance. |
| Recoveryfee | 100,000.00 | 1,631,737.31 | Thedifferencesbetweentheopeningbalancesandtheclosingbalancesofthepreviousyear(December31,2020)aredetailedinNoteV(44)1)ofthefinancialstatements. |
| Total | 12,247,826.09 | 17,316,775.77 | / |
51.DeferredincomeDeferredincome
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Closingbalance | Reason |
| Governmentgrants | 56,385,848.47 | 1,363,500.00 | 19,538,442.18 | 38,210,906.29 | |
| Total | 56,385,848.47 | 1,363,500.00 | 19,538,442.18 | 38,210,906.29 | / |
Itemsrelatedtogovernmentgrants:
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Liabilityitem | Openingbalance | Increaseingrantsfortheperiod | Amountchargedtonon-operatingincomefortheperiod | Amountchargedtootherincomefortheperiod | Otherchanges | Closingbalance | Asset/revenue-related |
| Cloudcomputingproject | 111,306.30 | 111,306.30 | Asset-related | ||||
| Constructionprojectofprovincialkeyenterpriseinstitute[Note25] | 10,000,000.00 | 10,000,000.00 | Asset-related | ||||
| Softwaredevelopmentandindustrializationprojectoftoolsetbasedonfinancialindustryinformationknowledgebase | 873,928.08 | 686,412.00 | 187,516.08 | Asset-related | |||
| Nationaldemonstrationprojectonresearchand | 5,000,000.00 | 5,000,000.00 |
| developmentandapplicationofsecuritiessecurityandsafetybusinesssystem | |||||||
| Financialcloudcomputingserviceplatformandfinancialbigdatasupportplatformdevelopmentandapplicationproject | 1,072,723.36 | 665,710.34 | 407,013.02 | Asset-related | |||
| StrategicemergingindustryprojectIPV6projectin2015 | 156,260.39 | 156,260.39 | Asset-related | ||||
| Financialbigdatainfrastructureproject | 2,477,214.80 | 1,637,048.25 | 840,166.55 | Asset-related | |||
| HundsunCloudProductionBase[Note25] | 16,710,000.00 | 16,710,000.00 | Asset-related | ||||
| Crossoverservicedesignmethodsandkeytechnologies | 618,000.00 | 82,000.00 | 700,000.00 | Asset-related | |||
| Crossoverserviceintegrationmethodsandsupportcarriers | 584,800.00 | 85,200.00 | 670,000.00 | Asset-related | |||
| Majorbigdata-basedintelligentinvestmentadvisoryserviceplatform | 1,175,210.69 | 434,145.16 | 741,065.53 | Asset-related | |||
| Intelligentserviceadaptationtheoryandkeytechnologies | 663,700.00 | 36,300.00 | 700,000.00 | Asset-related | |||
| Fullprocesssupplychainandenterpriseserviceplatformdevelopmentandapplicationproject | 1,740,000.00 | 1,160,000.00 | 120,000.00 | 2,780,000.00 | Asset-related | ||
| Innovationandapplicationprojectsofkeyinformationinfrastructureinsecuritiesindustry | 15,000,000.00 | 10,640,766.28 | 4,359,233.72 | Asset-related | |||
| Supportthe | 202,704.85 | 86,793.46 | 115,911.39 | Asset-related |
[Note24]TheamountofgovernmentgrantschargedtothecurrentprofitorlossisdetailedinNoteVII(84)tothefinancialstatements.[Note25]Asof31December2021,noneoftheseprojectshadbeenaccepted.[Note26]TheamortizationofthefullprocesssupplychainandenterpriseserviceplatformdevelopmentandapplicationprojectinthecurrentperiodwaspaidtothejointR&Dparty.Othernotes:
□Applicable√NotApplicable
52.Othernon-currentliabilities
□Applicable√NotApplicable
53.Sharecapital
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
constructionofLujiazuiinternetemergingfinancialgatheringplatform-LujiazuihedgefundquantitativealgorithmictradingserviceplatformprojectOpeningbalance
| Openingbalance | Increase(+)/decrease(-)fortheperiod | Closingbalance | |||||
| Issuanceofnewshares | Bonusshares | Conversionofthereservefundsintoshares | Others | Sub-total | |||
| Totalshares | 1,044,090,754.00 | 417,469,726.00 | 417,469,726.00 | 1,461,560,480.00 | |||
Othernotes:
AccordingtotheprofitdistributionplanadoptedattheCompany's2020annualgeneralmeetingonJune3,2021,theCompanyintendstodistributeacashdividendofRMB1.00(includingtax)forevery10sharesand4bonussharesforevery10sharestoallshareholdersbasedonthesharesoutstandingregisteredonthedateofregistrationoftheimplementationoftheequitydistributionlessthenumberofsharesinthespecialsecuritiesrepurchaseaccountoftheCompany.AsofJuly19,2021,theCompanydistributedacashdividendofRMB1.00(includingtax)forevery10sharesand4bonussharesforevery10sharestoallshareholdersbasedonthesharesoutstandingregisteredonthedate(July15,2021)ofregistrationoftheimplementationoftheequitydistributionlessthenumberofsharesinthespecialsecuritiesrepurchaseaccountoftheCompany,withatotalcashdividendofRMB104,367,431.40(includingtax)and417,469,726bonussharesdistributed.TheabovetransferwasauditedbyPan-ChinaCertifiedPublicAccountantsLLP,whichissuedtheCapitalVerificationReport(TJY[2021]No.401).
54.Otherequityinstruments
(1).Basicinformationonpreferenceshares,perpetualbondsandotherfinancialinstrumentsoutstandingattheendoftheperiod
□Applicable√NotApplicable
(2).Changesinpreferenceshares,perpetualbondsandotherfinancialinstrumentsoutstandingat
theendofperiod
□Applicable√NotApplicableChangesinotherequityinstrumentsduringtheperiod,thereasonsforthechanges,andthebasisfortherelatedaccounting:
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
55.Capitalreserve
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Closingbalance |
| Othercapitalreserves | 545,385,635.52 | 128,512,870.93 | 401,167,958.80 | 272,730,547.65 |
| Total | 545,385,635.52 | 128,512,870.93 | 401,167,958.80 | 272,730,547.65 |
Othernotes,includingchangesinthecurrentperiodandreasonsforthechanges:
Increasefortheperiod:
1)Share-basedpayment:
AccordingtotheInvestmentandManagementMeasuresofHundsun'sKeyEmployeesSubscribingSharesofHundsun'sInnovativeBusinessSubsidiariesadoptedthroughdeliberationattheCompany's21
stmeetingoftheFifthBoardonFebruary12,2015,theCompanygrantedthecorrespondingequityinterestsinthesubsidiarytothekeyemployeesofitssubsidiaryShanghaiGildata.Theaboveequity-settledshare-basedpaymentamountedtoRMB2,190,521.64calculatedinproportiontotheCompany’sshareholding,increasingthecapitalreserve-othercapitalreserve.
AccordingtotheProposalonHundsun's2020EmployeeStockOwnershipScheme(Draft)anditsSummaryandtheProposalonHundsun'sManagementMeasuresfor2020EmployeeStockOwnershipScheme(hereinafterreferredtoasthe2020EmployeeStockOwnershipScheme)adoptedthroughdeliberationattheCompany's15
thboardmeetingoftheFifthBoardheldonDecember8,2020andthethirdextraordinarygeneralmeetingof2020heldonDecember25,2020,theaboveequity-settledshare-basedpaymentamountedtoRMB106,488,455.61calculatedinproportiontotheCompany’sshareholding,increasingthecapitalreserve-othercapitalreserve.
2)TheCompany'sshareofotherchangesinowners’equityarisingfromassociatesotherthannetprofitorlossandprofitdistributionamountedtoRMB18,417,249.85calculatedinproportiontotheCompany'sshareholding,increasingcapitalreserve-othercapitalreserve.
3)TheCompany'sshareofotherchangesheldbyCompany’sshareholdingplatformintheownershipinterestsofsubsidiarieswithinthescopeoftheCompany’sconsolidationfortheperiodotherthannetprofitorlossandprofitdistributionamountedtoRMB1,416,643.83intheconsolidatedstatementsofincomethroughcross-shareholdinginsubsidiaries,increasingcapitalreserve-othercapitalreserve.Decreasefortheperiod:
1)TheCompanyacquiredthecontrolofShanghaiDworld,aformerassociate,asaresultofadditionalinvestment.Othercomprehensiveincomeandotherchangesinowner'sequityofRMB2,565,362.08relatedtotheoriginalholdingpriortothedateofpurchaseweretransferredtoinvestmentincome,decreasingcapitalreserve-othercapitalreserve.
2)OtherdecreaseincapitalreserveofRMB398,602,596.72isdescribedinNoteVII(56)tothefinancialstatements.
56.Treasuryshares
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Closingbalance |
| Sharerepurchase | 117,376,268.28 | 682,524,351.40 | 760,224,472.72 | 39,676,146.96 |
| Total | 117,376,268.28 | 682,524,351.40 | 760,224,472.72 | 39,676,146.96 |
Othernotes,includingchangesinthecurrentperiodandreasonsforthechanges:
AccordingtotheCompany's2020EmployeeStockPurchaseScheme,theCompanyproposedtorepurchasesomesharesofthepublicwithitsownfundsthroughcallauctiontradingforitsEmployeeStockOwnershipScheme.Duringtheperiod,theCompanypaidRMB682,524,351.40fortherepurchaseof7,190,295shares.AsofDecember31,2021,theCompanypaidatotalofRMB799,900,619.68fortherepurchaseofatotalof8,395,740shares,andtransferred7,979,300repurchasedsharesthroughnon-tradestocktransfertotheaccountoftheCompany's2020EmployeeStockPurchaseSchemeatapriceofRMB45.32pershare,with416,440sharesretainedinitsspecialsecuritiesrepurchaseaccount.TheCompanyreceivedatotalofRMB361,621,876.00fromtheSchemeParticipantsforthesharesubscription,carriedforwardRMB760,224,472.72oftreasurysharesattheaveragerepurchaseprice,andaccordinglydecreasedcapitalreserve-othercapitalreservebyRMB398,602,596.72.
57.Othercomprehensiveincome
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Amountincurredinthecurrentperiod | Closingbalance | |||||
| Amountincurredbeforeincometaxinthecurrentperiod | Less:Amountchargedtoothercomprehensiveincomeinthepreviousperiodbuttransferredtothecurrentprofitorloss | Less:Amountchargedtoinothercomprehensiveincomeinthepreviousperiodbuttransferredtothecurrentretainedearnings | Less:Incometaxexpenses | Post-taxamountattributabletotheparentcompany | After-taxamountattributabletominorityshareholders | |||
| I.Othercomprehensiveincomenottobereclassifiedintoprofitandloss | ||||||||
| Including:Amountofchangearisingfromremeasurementofthedefinedbenefitplan | ||||||||
| Othercomprehensiveincomenottobereclassifiedintoprofitorlossbytheequitymethod | ||||||||
| Changesinfairvalueofotherequityinstrumentinvestments | ||||||||
| ChangesinthefairvalueoftheCompany'sowncreditrisk | ||||||||
| II.Othercomprehensiveincometobesubsequentlyreclassifiedintoprofitorloss | -7,643,663.35 | -13,786,289.23 | -11,419,570.51 | -2,366,718.72 | -19,063,233.86 | |||
| Including:Othercomprehensiveincometobereclassifiedintoprofitorlossbytheequitymethod | 1,248,972.79 | 1,248,972.79 | ||||||
| Changesinfairvalueofotherdebtinvestments | 1,801,595.88 | -26,654.09 | -25,707.87 | -946.22 | 1,775,888.01 | |
| Amountoffinancialassetsreclassifiedintoothercomprehensiveincome | ||||||
| Provisionforcreditimpairmentofotherdebtinvestments | ||||||
| Cashflowhedgereserve | ||||||
| Foreigncurrencytranslationdifferenceinthestatements | -10,694,232.02 | -13,759,635.14 | -11,393,862.64 | -2,365,772.50 | -22,088,094.66 | |
| Totalothercomprehensiveincome | -7,643,663.35 | -13,786,289.23 | -11,419,570.51 | -2,366,718.72 | -19,063,233.86 |
58.Specialreserves
□Applicable√NotApplicable
59.Surplusreserve
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Openingbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Closingbalance |
| Statutorysurplusreserves | 195,942,797.49 | 137,988,450.22 | 11,498,903.95 | 322,432,343.76 |
| Total | 195,942,797.49 | 137,988,450.22 | 11,498,903.95 | 322,432,343.76 |
[Note27]Thedifferencesbetweentheopeningbalancesandtheclosingbalancesofthepreviousyear(December31,2020)aredetailedinNoteV(44)1)ofthefinancialstatements.
Noteonsurplusreserves,includingchanges(increaseordecrease)duringthecurrentperiodandreasonsforsuchchanges:
CloudbrokerNetwork:AccordingtotheEquityTransferAgreementsignedbetweentheCompanyandNingboHigh-techZoneShanzhaoEquityInvestmentManagementPartnership(L.P.),theCompanyacquired1,745,000sharesofCloudbrokerNetworkheldbyShanzhaoEquityInvestmentwithRMB5,251,770.00duringtheperiod.Thesurplusreserve-statutorysurplusreservewaswrittendownbyCloudbrokerNetwork'snetassetsharedifferenceofRMB4,026,285.16calculatedbytheCompanybetweentheacquisitioncostandthepercentageofsharesacquired.HundsunLirong:AccordingtotheCapitalIncreaseAgreementsignedbetweentheCompanyandHangzhouHengxinJuchuangEnterpriseManagementPartnership(L.P.)(HengxinJuchuang),HengxinJuchuangpaidRMB44.4millionforthesubscriptionofHundsunLirong'snewregisteredcapitalofRMB28.4millionandtheCompanypaidRMB140millionforthesubscriptionofHundsunLirong'snewregisteredcapitalofRMB70million.AsofDecember31,2021,HengxinJuchuangpaidRMB20.4millionforcapitalincrease(correspondingtoaregisteredcapitalofRMB14.4million)andtheCompanypaidRMB140millionforcapitalincrease(correspondingtoaregisteredcapitalofRMB70million).Thesurplusreserve-statutorysurplusreservewaswrittendownbyHundsunLirong'snetassetsharedifferenceofRMB2,627,760.30calculatedbytheCompanybetweenthepaid-incapitalcontributionratiosbeforeandafterthecapitalincrease.
ShanghaiGenus:AccordingtotheShareTransferAgreemententeredintobytheCompany,WuxiMeisaEnterpriseManagementPartnership(L.P.),CloudPlainHoldingsLtd.andHangzhouSenchuanInformationConsultingPartnership(L.P.),theCompanytransferred636,610sharesofShanghaiGenustoHangzhouSenchuanforRMB2,250,000.00,andcarriedforwardtheinvestmentcostofRMB4,377,613.16accordingtothetransferratio.Atthesametime,accordingtotheShareTransferAgreemententeredintobytheCompanyandtheDaziHuashiVentureCapitalManagementCo.,Ltd.,theCompanyacquired636,610sharesofShanghaiGenusheldbyDaziHuashiwithRMB7million.Thesurplusreserve-statutorysurplusreservewaswrittendownbythenetassetsharedifferenceofRMB2,622,386.84ofShanghaiGenuscalculatedbytheCompanybetweenthenetacquisitioncostandthepercentageofsharesacquired.AccordingtotheSupplementalAgreementtothe
InvestmentAgreemententeredintobetweentheCompanyandYeZhiyun,YeZhiyuntransferred110,000sharesheldtherebyinShanghaiGenustotheCompanyforRMB1,767,997.00.Thesurplusreserve-statutorysurplusreservewaswrittendownbythenetassetsharedifferenceofRMB1,431,851.85ofShanghaiGenuscalculatedbytheCompanybetweenthenetacquisitioncostandthepercentageofsharesacquired.
HundsuniBontal:AccordingtotheShareTransferAgreemententeredintobetweentheCompanyandXiongWei,XiongWeitransferred2,925,000sharesheldtherebyinHundsuniBontaltotheCompanyforRMB3,802,500.00.Thesurplusreserve-statutorysurplusreservewaswrittendownbyHundsuniBontal'snetassetsharedifferenceofRMB1,002,499.37calculatedbytheCompanybetweentheacquisitioncostandthepercentageofsharesacquired.
CloudwingNetwork:AccordingtotheCapitalIncreaseAgreementsignedbytheCompany,NingboHigh-techZoneYunhanEquityInvestmentManagementPartnership(L.P.)andNingboHigh-techZoneShanyingEquityInvestmentManagementPartnership(L.P.),theCompanypaidRMB630millionforthesubscriptionofCloudwingNetwork'snewregisteredcapitalofRMB446,061,116.AsofDecember31,2021,theCompanypaidRMB300millionforthecapitalincrease(correspondingtoaregisteredcapitalofRMB212,410,100).Thesurplusreserve-statutorysurplusreservewaswrittendownbyCloudwingNetwork'snetassetsharedifferenceofRMB-211,879.57calculatedbytheCompanybetweenthepaid-incapitalcontributionratiosbeforeandafterthecapitalincrease.
60.Undistributedprofits
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Currentperiod | Previousperiod |
| Undistributedprofitsattheendofthepreviousperiodbeforeadjustment | 2,893,625,565.93 | 3,007,114,120.04 |
| Totalamountofundistributedprofitsatthebeginningoftheperiod(adjustment+/-) | -291,827.99 | -666,211,301.75 |
| Undistributedprofitsatthebeginningoftheperiodafteradjustment | 2,893,333,737.94 | 2,340,902,818.29 |
| Add:Netprofitattributabletoownersoftheparentcompanyduringtheperiod | 1,463,538,930.14 | 1,321,735,522.48 |
| Less:Statutorysurplusreservesappropriated | 137,988,450.22 | 102,400,985.82 |
| Dividendspayableonordinaryshares | 104,367,431.40 | 425,667,769.02 |
| Ordinarysharesdividendstransferredtosharecapital | 417,469,726.00 | 240,944,020.00 |
| Undistributedprofitsattheendoftheperiod | 3,697,047,060.46 | 2,893,625,565.93 |
Breakdownofadjustmentstoundistributedprofitsatthebeginningoftheperiod
1)DuetotheretrospectiveadjustmentmadeundertheAccountingStandardsforBusinessEnterprisesanditsrelatednewregulations,theundistributedprofitsatthebeginningoftheperiodwereRMB-291,827.99.
61.Revenueandcostofsales
(1).Revenueandcostofsales
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Principalbusinesses | 5,492,012,267.44 | 1,484,074,041.27 | 4,167,541,269.62 | 955,469,176.67 |
| Otherbusinesses | 4,566,357.44 | 528,445.39 | 5,103,886.94 | 437,648.43 |
| Total | 5,496,578,624.88 | 1,484,602,486.66 | 4,172,645,156.56 | 955,906,825.10 |
(2).Revenuefromcontracts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Classificationofcontract | Reportingsegment | Total |
| Bytypeofproduct | ||
| Software | 5,476,020,294.42 | 5,476,020,294.42 |
| Realestate | 17,208,648.00 | 17,208,648.00 |
| Byoperatingregions | ||
| MainlandChina | 5,270,079,355.53 | 5,270,079,355.53 |
| Overseas | 223,149,586.89 | 223,149,586.89 |
| Bytimeoftransferofgoods | ||
| Revenuerecognizedatacertaintimepoint | 3,929,729,359.16 | 3,929,729,359.16 |
| Revenuerecognizedwithinacertainperiodoftime | 1,563,499,583.26 | 1,563,499,583.26 |
| Total | 5,493,228,942.42 | 5,493,228,942.42 |
[Note28]Excludingleaseincome.Breakdownofrevenuefromcontracts:
□Applicable√NotApplicable
(3).Contractperformanceobligations
√Applicable□NotApplicable
TheCompany'srevenuemainlycomesfromsalesofself-madeandcustomizedsoftware,softwareservices,outsourcedgoods,andpropertiesinthesciencepark.Salesofself-madeandcustomizedsoftware,outsourcedgoodsandpropertiesinthescienceparkareperformanceobligationstobeperformedatacertaintimepoint,andtherevenueshallberecognizedwhentheproductsaredeliveredtothecustomerandthecustomerobtainscontroloftheproducts.Salesofsoftwareservicesareperformanceobligationstobeperformedwithinacertaintimeperiodandtherevenueshallberecognizedinaccordancewiththeperformanceprogress.
(4).Apportionmenttoremainingperformanceobligations
□Applicable√NotApplicableOthernotes:
TherevenuerecognizedintheopeningcarryingvalueofcontractliabilitiesduringthecurrentperiodwasRMB2,105,149,298.90.
62.Taxesandsurcharges
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Businesstax | -1,470,001.70 | |
| Urbanmaintenanceandconstructiontax | 28,527,494.06 | 25,820,737.49 |
| Educationalsurcharge | 12,182,314.06 | 11,065,177.78 |
| Localeducationsurcharges | 8,121,542.84 | 7,376,785.23 |
| Propertytax | 5,452,932.31 | 5,100,723.01 |
| ConsumptiontaxinJapan | 1,628,529.47 | 2,239,484.55 |
| Landusetax | 729,325.55 | 881,561.64 |
| Vehicleandvesselusetax | 25,870.00 | 27,535.00 |
| Stampduty | 3,720,809.02 | 2,239,558.21 |
| Landappreciationtax | 4,571.47 | 1,223,332.89 |
| Total | 60,393,388.78 | 54,504,894.10 |
63.Sellinganddistributionexpenses
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Employeecompensation | 444,391,580.88 | 282,463,214.14 |
| Share-basedpayment | 19,704,377.96 | 255,411.12 |
| Travelexpenses | 34,511,742.58 | 26,201,096.68 |
| Consultingfeeforspecialitems | 30,657,327.35 | 11,625,924.75 |
| Marketingandpromotionexpenses | 14,775,781.58 | 18,971,122.20 |
| Communicationexpenses | 897,106.94 | 3,347,054.70 |
| Officeexpenses | 6,785,409.66 | 5,805,283.27 |
| Depreciationandamortization | 2,133,005.47 | 1,702,648.49 |
| Vehicleexpenses | 3,021,727.32 | 2,661,534.00 |
| Others | 1,056,907.69 | 773,500.54 |
| Total | 557,934,967.43 | 353,806,789.89 |
64.Generalandadministrativeexpenses
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Employeecompensation | 324,789,305.66 | 255,282,698.49 |
| Share-basedpayment | 28,633,427.21 | -264,997.88 |
| Officeexpenses | 75,040,330.93 | 82,476,056.02 |
| Businessexpenses | 91,028,682.21 | 89,378,472.94 |
| Depreciationandamortization | 72,829,790.22 | 42,200,199.15 |
| Consultingfeeforspecialitems | 48,770,432.11 | 22,268,759.62 |
| Communicationexpenses | 7,740,488.59 | 15,500,091.10 |
| Intermediaryfees | 8,593,720.23 | 13,232,800.46 |
| Travelexpenses | 8,847,865.25 | 4,918,274.52 |
| Vehicleexpenses | 8,533,686.99 | 4,072,402.15 |
| Taxesanddues | 6,314,399.80 | 4,422,166.76 |
| Others | 331,338.37 | 6,003,688.97 |
| Total | 681,453,467.57 | 539,490,612.30 |
65.R&Dexpenses
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Employeecompensation | 1,774,143,884.49 | 1,338,577,793.78 |
| Share-basedpayment | 51,150,543.46 | 1,216,497.17 |
| Technologydevelopmentcosts | 125,425,990.49 | 9,716,452.90 |
| Travelexpenses | 61,614,651.88 | 48,578,631.43 |
| Communicationexpenses | 84,448,221.60 | 70,739,666.41 |
| Depreciationandamortization | 28,998,005.21 | 19,424,213.73 |
| Vehicleexpenses | 4,615,782.70 | 3,695,690.10 |
| Officeexpenses | 7,839,989.02 | 3,108,667.69 |
| Intermediaryfees | 725,072.46 | 785,336.06 |
| Businessexpenses | 334,224.76 | 215,889.05 |
| Total | 2,139,296,366.07 | 1,496,058,838.32 |
66.Financecosts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Interestexpenses | 10,507,675.01 | 2,855,157.07 |
| Interestincome | -17,150,371.61 | -11,939,357.58 |
| Netforeignexchangegainorloss | 4,365,039.81 | 447,462.46 |
| Others | 1,371,611.45 | 1,694,216.18 |
| Total | -906,045.34 | -6,942,521.87 |
67.Otherincome
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Asset-relatedgovernmentgrants | 8,818,442.18 | 7,603,569.04 |
| Revenue-relatedgovernmentgrants | 275,629,010.51 | 214,339,135.66 |
| Refundofhandlingchargesforwithholdingindividualincometax | 3,623,437.38 | 3,996,499.34 |
| WeighteddeductionofinputVAT | 1,809,379.23 | 1,489,181.96 |
| Total | 289,880,269.30 | 227,428,386.00 |
[Note29]ThegovernmentgrantschargedtootherincomeduringthecurrentperiodaredetailedinNoteVII(84)tothefinancialstatements.
68.Investmentincome
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Incomefromlong-termequityinvestmentscalculatedbytheequitymethod | 91,328,055.87 | 10,473,834.46 |
| Investmentincomefromthedisposaloflong-termequityinvestments | 39,045,988.68 | 345,063,119.66 |
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Investmentincomefromholdingheld-for-tradingfinancialassets | 71,473,085.31 | 84,736,954.27 |
| Investmentincomefromholdingotherdebtinvestments | 2,963,365.04 | 4,474,153.77 |
| Investmentincomefromdisposalofheld-for-tradingfinancialassets | 71,330,011.84 | 139,284,717.55 |
| Investmentincomefromdisposalofotherdebtinvestments | -303,236.95 | 172,613.62 |
| Total | 275,837,269.79 | 584,205,393.33 |
69.GainfromNetExposuretoHedging
□Applicable√NotApplicable
70.Gainfromchangesinfairvalue
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Sourceofgainfromchangesinfairvalue | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Held-for-tradingfinancialassets | 418,521,750.89 | 104,618,869.06 |
| Gainfromchangesinfairvalueofcash-settledshare-basedpaymentliabilities | -4,120,593.87 | -1,527,377.23 |
| Total | 414,401,157.02 | 103,091,491.83 |
71.Creditimpairmentlosses
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Baddebtlossofaccountsreceivable | -31,125,551.48 | -9,469,468.45 |
| Baddebtlossofotherreceivables | 164,292.85 | -5,617,717.10 |
| Total | -30,961,258.63 | -15,087,185.55 |
72.Assetimpairmentlosses
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| II.Lossondiminutioninvalueofinventoriesandimpairmentlossoncontractperformancecost | -3,738,572.25 | -1,259,970.58 |
| III.Impairmentlossonlong-termequityinvestments | -7,620,000.00 | -76,950,746.90 |
| X.Impairmentlossonintangibleassets | -3,037,351.54 | |
| XI.Impairmentlossongoodwill | -157,089,435.82 | |
| XIII.Impairmentlossoncontractassets | -500,267.36 | -674,205.54 |
| Total | -11,858,839.61 | -239,011,710.38 |
73.Gainfromdisposalofassets
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Gainfromdisposaloffixedassets | -552,528.07 | 577,248.05 |
| Total | -552,528.07 | 577,248.05 |
74.Non-operatingincomeNon-operatingincome
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod | Amountchargedtonon-recurringprofitorloss |
| Totalincomefromdisposalofnon-currentassets | 82,710.62 | 1,650.00 | 82,710.62 |
| Including:Incomefromdisposaloffixedassets | 82,710.62 | 1,650.00 | 82,710.62 |
| Waiverofaccountspayable | 93,751.00 | 900,000.00 | 93,751.00 |
| Incomefromcompensationandpenalty | 332,526.79 | 839,290.00 | 332,526.79 |
| Others | 1,982,498.85 | 106,401.17 | 1,982,498.85 |
| Total | 2,491,487.26 | 1,847,341.17 | 2,491,487.26 |
Governmentgrantschargedtothecurrentprofitorloss
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
75.Non-operatingexpenses
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod | Amountchargedtonon-recurringprofitorloss |
| Totallossesondisposalofnon-currentassets | 140,120.31 | 1,086,449.50 | 140,120.31 |
| Including:Lossondisposaloffixedassets | 55,844.81 | 1,086,449.50 | 55,844.81 |
| Lossondisposalofintangibleassets | 84,275.50 | 84,275.50 | |
| Compensationandpenalty | 79,653.38 | 109,230.02 | 79,653.38 |
| Donation | 2,425,000.00 | 2,649,720.00 | 2,425,000.00 |
| Indemnities | 75,424.13 | 1,275,876.00 | 75,424.13 |
| Localwaterconservancyfund | 2,439.61 | 2,439.61 | |
| Others | 596,297.71 | 34,217.00 | 596,297.71 |
| Total | 3,318,935.14 | 5,155,492.52 | 3,318,935.14 |
76.Incometaxexpenses
(1).Incometaxexpenses
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Currentincometaxexpenses | 85,888,485.20 | 27,528,138.18 |
| Deferredincometaxexpenses | -66,294,554.57 | 47,034,698.26 |
| Total | 19,593,930.63 | 74,562,836.44 |
(2).Processofadjustingaccountingprofitandincometaxexpense
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod |
| Totalprofit | 1,509,722,615.63 |
| Incometaxexpensesbasedonstatutory/applicabletaxrate | 150,972,261.56 |
| Effectsofdifferenttaxratesappliedtosubsidiaries | -2,418,007.77 |
| Effectofincometaxduringtheperiodbeforeadjustment | 35,386,471.26 |
| Effectsofnon-taxableincome | -15,000,523.39 |
| Effectsofnon-deductiblecosts,expensesandlosses | 7,891,914.14 |
| Effectofdeductiblelossarisingfromdeferredincometaxassetsnotpreviouslyrecognized | -62,599,518.66 |
| Effectofdeductibletemporarydifferenceordeductiblelossarisingfromdeferredincometaxassetsunrecognizedduringtheperiod | 26,718,232.09 |
| EffectofweighteddeductiononR&Dexpensesandsalariesofdisabledemployees | -121,356,898.60 |
| Incometaxexpenses | 19,593,930.63 |
Othernotes:
□Applicable√NotApplicable
77.Othercomprehensiveincome
√Applicable□NotApplicableSeenotesfordetails
78.Itemsinthestatementofcashflows
(1).Cashreceivedfromotheroperatingactivities
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Temporaryreceiptspayable | 1,310,239.45 | 1,855,155.09 |
| Securitydepositreceived | 49,245,279.78 | 61,221,858.62 |
| Governmentgrants | 39,325,041.86 | 50,037,993.45 |
| Guaranteedepositreceived | 2,508,515.00 | 5,425,921.00 |
| Cashreceivedfromrentalproperties | 3,836,914.23 | 3,433,499.33 |
| Interestincome | 17,096,437.51 | 11,939,357.58 |
| Others | 7,755,362.72 | 5,460,986.55 |
| Total | 121,077,790.55 | 139,374,771.62 |
(2).Cashpaidforotheroperatingactivities
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Administrationexpensespaidbycash | 235,290,504.46 | 267,462,251.44 |
| R&Dexpensespaidbycash | 309,100,150.16 | 285,360,121.23 |
| Sellingexpensespaidbycash | 99,380,929.65 | 124,863,263.26 |
| Securitydepositpaid | 50,448,072.97 | 53,269,550.18 |
| Temporaryreceiptspayable | 3,704,922.27 | 26,238,152.81 |
| Guaranteedepositpaid | 2,163,955.00 | 4,074,515.00 |
| Others | 9,420,868.52 | 4,756,320.26 |
| Total | 709,509,403.03 | 766,024,174.18 |
(3).Cashreceivedfromotherinvestingactivities
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Netcashpaidforacquisitionofsubsidiariesandotherbusinessentities | 1,185,670.07 | |
| Releaseoffrozencashandbankbalancesforinvestmentmattersinvolvinglitigation | 1,064,820.01 | |
| Total | 2,250,490.08 |
(4).Cashpaidforotherinvestingactivities
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| ReturnofdividendstoHangzhouEverfinePhoto-E-InfoCo.,Ltd. | 924,157.53 | |
| Total | 924,157.53 |
(5).Cashreceivedfromotherfinancingactivities
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| ContributionsreceivedundertheEmployeeStockOwnershipScheme | 361,621,876.00 | |
| Total | 361,621,876.00 |
(6).Cashpaidforotherfinancingactivities
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Sharerepurchase | 682,624,959.25 | 117,376,268.28 |
| Paymentbysubsidiariestominorityinterestsforcapitalreduction | 63,504,870.16 | 59,600,469.20 |
| Acquisitionofminorityinterests | 19,366,414.00 | 42,290,837.00 |
| Paymentforleaseofright-to-useassets | 11,485,781.92 | |
| Total | 776,982,025.33 | 219,267,574.48 |
79.Supplementaryinformationofthecashflowstatement
(1).Supplementaryinformationofthecashflowstatement
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Supplementaryinformation | Amountforthecurrentperiod | Amountinthepreviousperiod |
| 1.Reconciliationofnetprofittocashflowsfromoperatingactivities: | ||
| Netprofit | 1,490,128,685.00 | 1,363,152,354.21 |
| Add:Assetimpairmentprovision | 11,858,839.61 | 239,011,710.38 |
| Creditimpairmentlosses | 30,961,258.63 | 15,087,185.55 |
| Depreciationoffixedassets,oilandgasassetsandproductivebiologicalassets | 71,444,261.19 | 60,309,062.80 |
| Amortizationofright-of-useassets | 12,627,203.76 | |
| Amortizationofintangibleassets | 27,995,252.05 | 9,959,601.28 |
| Amortizationoflong-termprepaidexpenses | 2,723,406.19 | 2,142,752.90 |
| Lossesonthedisposaloffixedassets,intangibleassetsandotherlong-termassets(gaindenotedby"-") | 552,528.07 | -577,248.05 |
| Lossesonwrite-offoffixedassets(gaindenotedby"-") | 57,409.69 | 1,084,799.50 |
| Lossonchangesinfairvalue(gaindenotedby"-") | -414,401,157.02 | -103,091,491.83 |
| Financialexpenses(gaindenotedby"-") | 14,872,714.82 | 3,234,619.54 |
| Investmentlosses(gaindenotedby"-") | -275,837,269.79 | -584,205,393.33 |
| Decreaseindeferredincometaxassets(increasedenotedby"-") | -92,025,790.23 | 36,291,029.31 |
| Increasesindeferredincometaxliabilities(decreasedenotedby"-") | 25,731,235.65 | 10,877,462.83 |
| Decreaseininventories(increasedenotedby"-") | -108,500,758.56 | -127,928,212.71 |
| Decreaseinoperatingreceivables(increasedenotedby"-") | -211,237,984.73 | -258,805,686.82 |
| Increaseinoperatingitemspayable(decreasedenotedby"-") | 257,247,872.00 | 732,553,018.83 |
| Others | 112,591,599.81 | -1,193,293.98 |
| Netcashflowsfromoperatingactivities | 956,789,306.14 | 1,397,902,270.41 |
| 2.Majorinvestingandfinancingactivitiesnotinvolvingcashreceiptsandpayments: | ||
| Conversionofdebtsintocapital | ||
| Currentportionofconvertiblecorporatebonds | ||
| Financingleasedfixedassets | ||
| 3.Netchangesincashandcashequivalents: | ||
| Closingbalanceofcash | 1,723,434,091.60 | 1,370,028,554.66 |
| Less:Openingbalanceofcash | 1,370,028,554.66 | 1,317,931,756.94 |
| Add:Closingbalanceofcashequivalents | ||
| Less:Openingbalanceofcashequivalents | ||
| Netincreaseincashandcashequivalents | 353,405,536.94 | 52,096,797.72 |
[Note30]:Othersrepresenttheamountofequity-settledshare-basedpaymentsinexchangeforemployeeservices.
(2).Netcashpaidforacquisitionofsubsidiariesinthecurrentperiod
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Amount | |
| Cashorcashequivalentspaidinthecurrentperiodforbusinesscombinationsinthecurrentperiod: | 186,250,000.00 |
| Including:ShanghaiDworld | 50,000,000.00 |
| HundsunLirong | 40,000,000.00 |
| HundsuniBontal | 96,250,000.00 |
| Less:Cashandcashequivalentsheldbysubsidiariesonthedateofacquisition | 47,668,300.24 |
| Including:ShanghaiDworld | 28,410,070.57 |
| HundsunLirong | 111,533.90 |
| HundsuniBontal | 19,146,695.77 |
| Add:Cashorcashequivalentspaidinthecurrentperiodforbusinesscombinationsinthepreviousperiod | 9,300,051.00 |
| Including:BusinessMatrix | 7,313,904.00 |
| ShanghaiGenus | 1,986,147.00 |
| Netcashpaidtoacquiresubsidiaries | 147,881,750.76 |
(3).Netcashreceivedfromthedisposalofsubsidiariesduringthecurrentperiod
□Applicable√NotApplicable
(4).Compositionofcashandcashequivalents
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| I.Cash | 1,723,434,091.60 | 1,370,028,554.66 |
| Including:Cashonhand | 365,020.30 | 680,095.55 |
| Bankdepositsreadilyavailableforpayment | 1,707,660,259.64 | 1,271,229,282.20 |
| Othercashandbankbalancesreadilyavailableforpayment | 15,408,811.66 | 98,119,176.91 |
| II.Cashequivalents | ||
| Including:Bondinvestmentduewithinthreemonths | ||
| III.Closingbalanceofcashandcashequivalents | 1,723,434,091.60 | 1,370,028,554.66 |
| Including:RestrictedcashandcashequivalentsusedbytheparentcompanyorsubsidiariesundertheGroup |
Othernotes:
√Applicable□NotApplicableTheItem"closingbalanceofcashandcashequivalents"intheconsolidatedcashflowstatementwasRMB1,723,434,091.60andtheItem"closingcashandbankbalances"inthebalancesheetwasRMB1,727,704,846.60.ThedifferencewasduetothedeductionoftheguaranteedepositofRMB4,270,755.00notmeetingthestandardofcashandcashequivalentsfromthe"closingbalanceofcashandcashequivalents"intheCompany'scashflowstatement.TheItem"openingbalanceofcashandcashequivalents"intheconsolidatedcashflowstatementwasRMB1,370,028,554.66andtheItem"openingcashandbankbalances"inthebalancesheetwasRMB1,374,842,591.24.ThedifferencewasduetothedeductionoftheguaranteedepositofRMB4,615,315.00notmeetingthestandardofcashandcashequivalentsandthebankdepositsrestrictedinuseofRMB198,721.58fromthe"openingbalanceofcashandcashequivalents"intheCompany'scashflowstatement.
80.NotestoitemsintheStatementofRetainedEarningsExplanationofthenameoftheItem"others"thatadjustedtheclosingbalanceofthepreviousyearandtheamountofadjustment:
□Applicable√NotApplicable
81.Assetswithrestrictedownershiporright-of-use
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Carryingamountattheendoftheperiod | Reason |
| Cashandbankbalances | 4,270,755.00 | Guaranteedeposit |
| Intangibleassets | 73,153,291.09 | Pledgedtosecurebankborrowings |
| Constructioninprogress | 25,139,995.40 | Pledgedtosecurebankborrowings |
| Fixedassets | 1,117,020,509.26 | Pledgedtosecurebankborrowings |
| Otherdebtinvestments | 65,681,018.23 | Pledgedtosecurebankborrowings |
| Total | 1,285,265,568.98 | / |
82.Foreigncurrencymonetaryitems
(1).Foreigncurrencymonetaryitems
√Applicable□NotApplicable
Unit:Yuan
| Item | Foreigncurrencyclosingbalance | Exchangerate | ClosingbalanceinRMBbalance |
| Cashandbankbalances | - | - | |
| Including:USD | 130,593.92 | 6.3757 | 832,627.66 |
| JPY | 684,891,253.79 | 0.055415 | 37,953,248.83 |
| HKD | 44,020,954.68 | 0.81760 | 35,991,532.55 |
| SGD | 122,497.27 | 4.7179 | 577,929.87 |
| MYR | 7,105,134.88 | 1.52667 | 10,847,196.27 |
| Accountsreceivable | - | - | |
| Including:JPY | 63,831,273.10 | 0.055415 | 3,537,210.00 |
| HKD | 46,934,755.71 | 0.81760 | 38,373,856.27 |
| Otherreceivables | |||
| Including:JPY | 51,920,928.88 | 0.055415 | 2,877,198.27 |
| HKD | 2,205,864.08 | 0.81760 | 1,803,514.47 |
| Short-termborrowings | |||
| Including:HKD | 33,225,941.03 | 0.81760 | 27,165,529.39 |
| Accountspayable | |||
| Including:JPY | 96,077,624.73 | 0.055415 | 5,324,141.57 |
| HKD | 2,888,026.00 | 0.81760 | 2,361,250.06 |
| Otherpayables | |||
| Including:JPY | 246,699,113.72 | 0.055415 | 13,670,831.39 |
| HKD | 2,083,968.47 | 0.81760 | 1,703,852.62 |
| Long-termborrowings | - | - | |
| Including:HKD | 94,818,743.38 | 0.81760 | 77,523,804.59 |
| JPY | 50,013,537.91 | 0.055415 | 2,771,500.20 |
(2).Informationofoverseasoperatingentities,inwhichmainbusinesslocation,recordingcurrencyand
basisofselectionshallbedisclosedforsignificantoverseasoperatingentities,andthereasonshallbedisclosedincaseofchangesinrecordingcurrency
√Applicable□NotApplicable
| Companyname | Placeofregistration | FunctionalCurrency | Basisofselection |
| JapanHundsun | Tokyo,Japan | JPY | Commoncurrencyoftheplaceofbusiness |
| HundsunInternationalTechnologies | HongKong | HKD | Commoncurrencyoftheplaceofbusiness |
| HundsunAyers | HongKong | HKD | Commoncurrencyoftheplaceofbusiness |
| HundsunHK | HongKong | HKD | Commoncurrencyoftheplaceofbusiness |
| AyersTechnologies(Singapore) | Singapore | SGD | Commoncurrencyoftheplaceofbusiness |
| IntercontinentalHoldings | HongKong | HKD | Commoncurrencyoftheplaceofbusiness |
| HundsunU.S. | Delaware,USA | USD | Commoncurrencyoftheplaceofbusiness |
| ChainNext | HongKong | HKD | Commoncurrencyoftheplaceofbusiness |
| HundsunInternational | BritishVirginIslands | USD | Commoncurrencyoftheplaceofbusiness |
| HundsunHoldings | HongKong | HKD | Commoncurrencyoftheplaceofbusiness |
| IHSMarkit(HongKong) | HongKong | HKD | Commoncurrencyoftheplaceofbusiness |
| GenSysTechnology | HongKong | HKD | Commoncurrencyoftheplaceofbusiness |
83.Hedging
□Applicable√NotApplicable
84.Governmentgrants
(1).Basicinformationofgovernmentgrants
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Type | Amount | Itempresented | Amountchargedtothecurrentprofitorloss |
| Asset-relatedgovernmentgrants | 38,210,906.29 | Deferredincome | 8,938,442.18 |
| Revenue-relatedgovernmentgrantsusedtocompensatetheCompanyforrelatedcostsorlossesinfutureperiods | Deferredincome | 10,600,000.00 | |
| Revenue-relatedgovernmentgrantsusedtocompensatetheCompanyforrelatedcostsorlossesincurred | 265,029,010.51 | Otherincome | 265,029,010.51 |
(2).Refundofgovernmentgrants
□Applicable√NotApplicable
85.Others
□Applicable√NotApplicableVIII.ChangesintheScopeofConsolidation
1.Businesscombinationnotundercommoncontrol
√Applicable□NotApplicable
(1).Businesscombinationsnotundercommoncontrolinthecurrentperiod
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Nameofacquiree | Acquisitiondate | Acquisitioncost | Shareholdingpercentage(%) | Acquisitionmethod | Purchasedate | Determinationbasisofpurchasedate | Incomeoftheacquireefromthepurchasedatetotheendoftheperiod | Netprofitsofacquireefromthepurchasedatetotheendoftheperiod |
| ShanghaiDworld | 2018.12.11 | 4,000,000.00 | 15.43 | Establishedbyinvestment | 2021.5.31 | Acquisitionofcontrol | 6,325,751.48 | -3,663,012.75 |
| 2021.5.20 | 50,000,000.00 | 50.00 | Capitalincrease | |||||
| HundsunLirong | 2021.5.24 | 40,000,000.00 | 100.00 | Sharetransfer | 2021.5.31 | Acquisitionofcontrol | 27,052,995.34 | -14,857,631.04 |
| HundsuniBontal | 2021.1.20 | 96,250,000.00 | 87.50 | Sharetransferandcapitalincrease | 2021.1.31 | Acquisitionofcontrol | 80,924,321.04 | -33,929,955.87 |
(2).Consolidatedcostandgoodwill
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Consolidatedcost | ShanghaiDworld | HundsunLirong | HundsuniBontal |
| --Cash | 50,000,000.00 | 40,000,000.00 | 96,250,000.00 |
| --Fairvalueofsharesheldbeforethepurchasedate | 15,462,727.93 | ||
| Totalconsolidatedcost | 65,462,727.93 | 40,000,000.00 | 96,250,000.00 |
| Less:Fairvalueofnetidentifiableassetsacquired | 31,914,863.50 | 27,757,267.04 | 86,707,360.91 |
| Amountofgoodwill/consolidatedcostlessthanthefairvalueofidentifiablenetassetsacquired | 33,547,864.43 | 12,242,732.96 | 9,542,639.09 |
Recognitionmethodofthefairvalueofconsolidatedcostorcontingentconsiderationandchangethereof:
AccordingtotheCapitalIncreaseAgreemententeredbetweentheCompany,ShanghaiDworldanditsoriginalshareholdersinApril2021,theCompanyincreaseditscapitalbyRMB50millionwithcashandbankbalancesinShanghaiDworld,includingthenewlyincreasedregisteredcapitalofRMB10.9millionandthecapitalreserveofRMB39.1million.Uponcompletionofthecapitalincrease,thecompanyheldatotalof65.43%ofthesharesofShanghaiDworld,including55.07%heldbyitselfand10.36%heldthroughHangzhouXinglu,andthusacquiredcontroloverShanghaiDworld.ThetransactionpricewasdeterminedbasedontheAssetAppraisalReportontheValueofAllShareholders'InterestsinShanghaiDworldAITechCo.,Ltd.InvolvedintheProposed
CapitalandShareIncreasebyHundsunTechnologiesInc.(TYPBZ[2021]No.0107)issuedbyShaoxingTianyuanAssetEvaluationCo.,Ltd.onthevaluationdateofDecember31,2020.AccordingtotheShareTransferAgreemententeredintobetweentheCompanyandHangzhouXinliTechnologyCo.,Ltd.inMarch2021,HangzhouXinlitransferreditsfullshares,i.e.,20millionshares,inHundsunLirongtotheCompanyforRMB40million.Uponcompletionofthesharetransfer,theCompanyheld
100.00%ofthesharesofHundsunLirongandthusacquiredcontroloverHundsunLirong.ThetransactionpricewasdeterminedbasedontheAssetAppraisalReportontheValueofCertainAssetsandLiabilitiesofHangzhouXinliTechnologyCo.,Ltd.InvolvedintheAssetstobeVerifiedbyHangzhouXinliSoftwareCo.,Ltd.(WLPBZ[2021]No.10321)issuedbyShanghaiWanlongAssetEvaluationCo.,Ltd.onthevaluationdateofDecember31,2020.
AccordingtotheShareTransferAgreementandtheCapitalandShareIncreaseFrameworkAgreemententeredintobetweentheCompanyandHundsuniBontalanditsoriginalshareholders,theoriginalshareholdersofHundsuniBontaltransferred16millionsharesheldtherebyinHundsuniBontaltotheCompanyforRMB22million.Atthesametime,theCompanyincreaseditscapitalbyRMB74.25millionwithcashandbankbalancesinHundsuniBontal,includingthenewlyincreasedregisteredcapitalofRMB54millionandthecapitalreserveofRMB20.25million.Uponcompletionofthesharetransferandcapitalincrease,theCompanyheld87.50%ofthesharesofHundsuniBontalandthusacquiredcontroloverHundsuniBontal.ThetransactionpricewasdeterminedbasedontheAssetAppraisalReportontheValueofAllShareholders'InterestsinHundsuniBontalInvolvedintheProposedCapitalIncreaseinHundsuniBontalbyHundsunTechnologiesInc.(TYPBZ[2021]No.0137)issuedbyShaoxingTianyuanAssetEvaluationCo.,Ltd.onthevaluationdateofDecember31,2020.
(3).Identifiableassetsandliabilitiesoftheacquireeonthepurchasedate
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| ShanghaiDworld | HundsunLirong | HundsuniBontal | ||||
| Fairvalueonthepurchasedate | Bookvalueonthepurchasedate | Fairvalueonthepurchasedate | Bookvalueonthepurchasedate | Fairvalueonthepurchasedate | Bookvalueonthepurchasedate | |
| Assets: | 51,814,549.44 | 51,301,360.12 | 31,088,240.45 | 31,088,240.45 | 113,088,538.03 | 108,254,075.07 |
| Cashandbankbalances | 28,410,070.57 | 28,410,070.57 | 111,533.90 | 111,533.90 | 19,146,695.77 | 19,146,695.77 |
| Accountsreceivable | 357,184.80 | 357,184.80 | 25,631,799.40 | 25,631,799.40 | 24,186,991.63 | 24,186,991.63 |
| Prepayments | 6,000.00 | 6,000.00 | 284,492.00 | 284,492.00 | ||
| Otherreceivables | 20,096,325.82 | 20,096,325.82 | 77,800.27 | 77,800.27 | 39,368,735.71 | 39,368,735.71 |
| Inventories | 2,278,162.96 | 2,278,162.96 | 945,648.07 | 945,648.07 | 7,224,491.15 | 7,224,491.15 |
| Contractassets | 392,815.42 | 392,815.42 | ||||
| Othercurrentassets | 389.13 | 389.13 | ||||
| Fixedassets | 153,615.97 | 153,615.97 | 12,989.35 | 12,989.35 | 86,026.34 | 86,026.34 |
| Intangibleassets | 513,189.32 | 4,023,588.33 | 4,023,588.33 | 22,473,539.55 | 17,639,076.59 | |
| Deferredincometaxassets | 209,242.46 | 209,242.46 | ||||
| Liabilities: | 3,035,310.11 | 3,035,310.11 | 3,330,973.41 | 3,330,973.41 | 13,994,411.28 | 13,994,411.28 |
| Accountspayable | 2,192,613.63 | 2,192,613.63 | 40,176.02 | 40,176.02 | ||
| Advancesfrom | 4,377,212.30 | 4,377,212.30 | ||||
| customers | ||||||
| Contractliabilities | 2,388,226.19 | 2,388,226.19 | 4,575,754.24 | 4,575,754.24 | ||
| Employeecompensationpayable | 592,446.36 | 592,446.36 | 1,138,359.78 | 1,138,359.78 | 1,981,037.71 | 1,981,037.71 |
| Taxespayable | 25,179.75 | 25,179.75 | 2,029,944.66 | 2,029,944.66 | ||
| Otherpayables | 21,200.00 | 21,200.00 | 22,752.16 | 22,752.16 | ||
| Provisionforliabilities | 8,257.81 | 8,257.81 | 967,534.19 | 967,534.19 | ||
| Netassets | 48,779,239.33 | 48,266,050.01 | 27,757,267.04 | 27,757,267.04 | 99,094,126.75 | 94,259,663.79 |
| Less:Minorityinterests | 16,864,375.83 | 16,962,182.30 | 12,386,765.84 | 11,782,457.97 | ||
| Netassetsacquired | 31,914,863.50 | 31,303,867.71 | 27,757,267.04 | 27,757,267.04 | 86,707,360.91 | 82,477,205.82 |
Recognitionmethodsofthefairvalueofidentifiableassetsandliabilities:
ThefairvalueofidentifiableassetsofShanghaiGenuswasdeterminedbasedontheAssetAppraisalReportontheValueofAllShareholders'InterestsinShanghaiDworldAITechCo.,Ltd.InvolvedintheProposedCapitalandShareIncreasebyHundsunTechnologiesInc.(TYPBZ[2021]No.0107)issuedbyShaoxingTianyuanAssetEvaluationCo.,Ltd.onMarch25,2021.ThefairvalueofidentifiableassetsofHundsunLirongwasdeterminedbasedontheAssetAppraisalReportontheValueofCertainAssetsandLiabilitiesofHangzhouXinliTechnologyCo.,Ltd.InvolvedintheAssetstobeVerifiedbyHangzhouXinliSoftwareCo.,Ltd.(WLPBZ[2021]No.10321)issuedbyShanghaiWanlongAssetEvaluationCo.,Ltd.onFebruary26,2021.
ThefairvalueofidentifiableassetsofHundsuniBontalwasdeterminedbasedontheAssetAppraisalReportontheValueofAllShareholders'InterestsinHundsuniBontalInvolvedintheProposedCapitalIncreaseinHundsuniBontalbyHundsunTechnologiesInc.(TYPBZ[2021]No.0137)issuedbyShaoxingTianyuanAssetEvaluationCo.,Ltd.onApril12,2021.
(4).Gainsorlossesarisingfromtheremeasurementatthefairvalueofsharesheldbeforethepurchase
dateWhethertherearemultipletransactionsthatrealizebusinesscombinationstepbystepandacquirecontrolintheReportingPeriod
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Nameofacquiree | Carryingvalueoftheoriginalsharesheldbeforethepurchasedate | Fairvalueoftheoriginalsharesheldbeforethepurchasedate | Gainsorlossesarisingfromtheremeasurementatthefairvalueoforiginalsharesheldbeforethepurchasedate | Methodandmainassumptionsfordeterminingthefairvalueoftheoriginalsharesheldbeforethepurchasedate | Amountofothercomprehensiveincomerelatedtotheoriginalsharesheldbeforethepurchasedatetransferredtotheinvestmentincome |
| ShanghaiDworld | -285,189.76 | 15,462,727.93 | 15,747,917.69 | AssetAppraisalReport | 2,565,362.09 |
(5).Notesrelatedtotheinabilitytoreasonablydeterminethemergerconsiderationorthefairvalueofthe
acquiree'sidentifiableassetsandliabilitiesonthepurchasedateorattheendoftheperiodofthemerger
□Applicable√NotApplicable
(6).OtherDescription
□Applicable√NotApplicable
2.Businesscombinationundercommoncontrol
□Applicable√NotApplicable
3.Counterpurchase
□Applicable√NotApplicable
4.DisposalofsubsidiariesIsthereanycircumstancethatthecontrolislostduetothedisposalofsubsidiariesininvestment
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
5.ChangesinthescopeofconsolidationduetootherreasonsChangesinthescopeofconsolidationduetootherreasons(suchasestablishingnewsubsidiaries,liquidatingsubsidiaries)andrelatedinformation:
√Applicable□NotApplicable
(1)Expandedscopeofconsolidation
Unit:YuanCurrency:RMB
| Companyname | Acquisitionmethod | Acquisitiondate | Amountofcontribution | Proportionofcontribution |
| XunchangWendao | Establishedbyinvestment | 2021.4.8 | 35,000,000.00 | 70.00% |
| NanjingXingding | Establishedbyinvestment | 2021.4.13 | 27,955,000.00 | 58.33% |
(2)Narrowedscopeofconsolidation
Unit:YuanCurrency:RMB
| Companyname | Sharedisposalmethod | Dateofdisposal | Netassetsasofthedisposaldate | Netprofitfromthebeginningoftheperiodtothedisposaldate |
| QuzhouHundsun | Cancellation | 2021.9.15 | 952,196.52 | 1,291,374.08 |
| BeijingXinruanfu | Cancellation | 2021.9.15 | -500,029.52 | 161,143.80 |
6.Others
□Applicable√NotApplicable
IX.EquityinOtherEntities
1.Equityinsubsidiaries
(1).CompositionoftheGroup
√Applicable□NotApplicable
| Nameofsubsidiary | Principalplaceofbusiness | Placeofregistration | Natureofbusiness | Shareholdingpercentage(%) | Acquisitionmethod | |
| Direct | Indirect | |||||
| HangzhouHundsunCloudInvestmentHoldingCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Industrialinvestment | 69.70 | Establishment | |
| WuxiHenghuaTechnologyDevelopmentCo.,Ltd. | Wuxi,Jiangsu | Wuxi,Jiangsu | Realestate | 100.00 | Establishment | |
| HangzhouHundsunDataSecurityTechnologyCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 87.70 | Establishment | |
| JinruiSoftwareTechnology(Hangzhou)Co.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 100.00 | Establishment | |
| BeijingQiantangHundsunTechnologyCo.,Ltd. | Beijing | Beijing | Software | 94.00 | 6.00 | Establishment |
| ShanghaiYiruiManagementConsultingCo.,Ltd. | Shanghai | Shanghai | Managementconsulting | 70.00 | Establishment | |
| JapanHundsunSoftwareInc. | Japan | Japan | Software | 48.95 | Establishment | |
| HundsunInternationalTechnologiesHoldingLimited | HongKong | HongKong | Investmentmanagement | 96.45 | 1.33 | Businesscombinationnotundercommoncontrol |
| ShanghaiLimingTechnologyCo.,Ltd. | Shanghai | Shanghai | Software | 100.00 | Businesscombinationnotundercommoncontrol | |
| ShanghaiGildataInc | Shanghai | Shanghai | Software | 63.19 | 5.91 | Businesscombinationnotundercommoncontrol |
| HangzhouYunhuiInvestmentManagementCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Investmentmanagement | 100.00 | Establishment | |
| HangzhouCloudwingNetworkTechnologyCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 96.56 | 1.13 | Establishment |
| HangzhouSecuritiesInvestmentNetworkTechnologyCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 60.00 | 13.39 | Establishment |
| HangzhouCloudyeeNetworkTechnologyCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 56.43 | 11.72 | Establishment |
| HangzhouYunyongNetworkTechnologyCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 60.00 | 13.12 | Establishment |
| HangzhouCloudbrokerNetworkTechnologyCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 57.93 | 10.64 | Establishment |
| HangzhouYunlianNetworkTechnologyCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 60.00 | 23.57 | Establishment |
| HangzhouShanshang | Hangzhou, | Hangzhou, | Software | 60.00 | 23.57 | Establishment |
| Nameofsubsidiary | Principalplaceofbusiness | Placeofregistration | Natureofbusiness | Shareholdingpercentage(%) | Acquisitionmethod | |
| Direct | Indirect | |||||
| NetworkTechnologyCo.,Ltd. | Zhejiang | Zhejiang | ||||
| HangzhouHundsunWengineNetworkTechnologyCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 70.00 | Establishment | |
| HangzhouYimaInvestmentManagementCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Investmentmanagement | 100.00 | Establishment | |
| HundsunIntercontinentalHoldings(HK)Limited | HongKong | HongKong | Investmentmanagement | 100.00 | Establishment | |
| GuangdongInstituteofFinancialInnovation | Guangzhou,Guangdong | Guangzhou,Guangdong | Academicexchangeanddiscussion;cultivationofhigh-endfinancialtalents | 60.00 | Establishment | |
| HangzhouXingluEquityInvestmentPartnership(L.P.) | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Investmentmanagement | 75.10 | Establishment | |
| BusinessIntelligenceInfo.Tech.(Hangzhou)Co.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 60.49 | 6.16 | Businesscombinationnotundercommoncontrol |
| ShanghaiHunsunShengtianNetworkTechnologyCo.,Ltd. | Shanghai | Shanghai | Software | 100.00 | Establishment | |
| HangzhouZhiguNetworkTechnologyCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 60.00 | 13.38 | Establishment |
| ZhejiangJingtengNetworkTechnologyCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 59.21 | 12.12 | Establishment |
| WuxiXingluTianchengInvestmentManagementPartnership(L.P.) | Wuxi,Jiangsu | Wuxi,Jiangsu | Investmentmanagement | 60.13 | Establishment | |
| HundsunIHSMarkitChinaTechnologiesCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 67.00 | Establishment | |
| NanjingXingchengEquityInvestmentPartnership(L.P.) | Nanjing,Jiangsu | Nanjing,Jiangsu | Investmentmanagement | 59.41 | 0.99 | Establishment |
| HundsunHoldingsLimited | HongKong | HongKong | Investmentmanagement | 96.45 | 1.33 | Establishment |
| BusinessMatrixSoftwareTechnologyLtd. | Guangzhou,Guangdong | Guangzhou,Guangdong | Software | 85.00 | Businesscombinationnotundercommoncontrol | |
| ShanghaiGenus-FinanceInformationTechnologyCo.,Ltd. | Shanghai | Shanghai | Software | 57.93 | 17.54 | Businesscombinationnotundercommoncontrol |
| HundsuniBontal(Guangdong)TechnologyCo.,Ltd. | Shenzhen,Guangdong | Shenzhen,Guangdong | Software | 91.16 | Businesscombinationnotundercommoncontrol | |
| ZhejiangXunchangWendaoNetworkInformationTechnologyCo.,Ltd. | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 70.00 | Establishment | |
| ShanghaiDworldAITechCo.,Ltd. | Shanghai | Shanghai | Software | 55.07 | 10.36 | Businesscombinationnotundercommon |
| Nameofsubsidiary | Principalplaceofbusiness | Placeofregistration | Natureofbusiness | Shareholdingpercentage(%) | Acquisitionmethod | |
| Direct | Indirect | |||||
| control | ||||||
| NanjingXingdingEquityInvestmentPartnership(L.P.) | Nanjing,Jiangsu | Nanjing,Jiangsu | Investmentmanagement | 58.33 | 2.09 | Establishment |
ThebasisfortheCompany'scontrolovertheinvesteewhenholdinghalforlessofthevotingrightsandtheCompany'scontrolovertheinvesteewhenholdingmorethanhalfofthevotingrights:
TheCompanyholding48.95%ofthesharesofJapanHundsunisthelargestshareholderofthissubsidiary.TheBoardofJapanHundsunhasthreeDirectors,amongwhichtwoareappointedbytheCompany,thustheCompanyhassubstantialcontroloverthissubsidiary.Therefore,JapanHundsunisincorporatedintothescopeoftheconsolidatedfinancialstatements
(2).Significantnon-whollyownedsubsidiaries
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Nameofsubsidiary | Shareholdingpercentageofminorityshareholders | Profitorlossattributabletominorityshareholdersinthecurrentperiod | Dividendsdeclaredtominorityshareholdersinthecurrentperiod | Balanceofminorityinterestsattheendoftheperiod |
| CloudInvestment | 30.30 | 3,190,300.62 | 1,440,000.00 | 60,070,496.35 |
| JapanHundsun | 51.05 | -1,090,576.21 | 10,330,875.50 | |
| CloudyeeNetwork | 31.85 | 19,129,268.72 | 30,502,500.00 | 52,267,846.96 |
| CloudbrokerNetwork | 31.43 | -740,972.93 | 11,054,551.31 | |
| WengineNetwork | 30.00 | 15,799,047.28 | 9,000,000.00 | 32,646,613.69 |
| HangzhouXinglu | 24.90 | -1,052,660.98 | 15,968,151.00 | |
| JingtengNetwork | 28.67 | 424,932.00 | 17,578,054.46 | |
| WuxiXinglu | 39.87 | -1,386,067.90 | 9,578,111.12 | |
| ShanghaiGildata | 30.90 | 2,631,224.57 | 29,124,354.44 | |
| BusinessIntelligence(Hangzhou) | 33.35 | 218,252.11 | 10,750,680.37 | |
| ShanghaiGenus | 24.53 | 829,804.25 | 15,567,012.44 | |
| IHSMarkit | 33.00 | -3,381,146.92 | 17,395,611.17 | |
| NanjingXingcheng | 39.60 | -3,788,043.29 | 116,961,480.23 | |
| CloudwingNetwork | 2.31 | 79,098.80 | 31,509,604.76 | |
| HundsunHoldings | 2.22 | 1,204,877.45 | 12,751,304.97 | |
| HundsuniBontal | 8.84 | -3,823,808.85 | 5,762,956.36 | |
| XunchangWendao | 30.00 | -4,181,380.14 | 10,818,619.86 | |
| ShanghaiDworld | 34.57 | -1,266,408.10 | 15,597,967.73 |
Notesonthedifferencebetweentheshareholdingpercentageofminorityshareholdersofsubsidiariesandthevotingrightsratio:
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
(3).Mainfinancialinformationofsignificantnon-whollyownedsubsidiaries
√Applicable□NotApplicable
Unit:10,000yuanCurrency:RMB
| Nameofsubsidiary | Closingbalance | Openingbalance | ||||||||||
| Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
| CloudInvestment | 40,695 | 13,755 | 54,450 | 32,302 | 32,302 | 40,626 | 14,049 | 54,675 | 33,157 | 18 | 33,175 | |
| JapanHundsun | 4,266 | 43 | 4,309 | 2,008 | 277 | 2,285 | 4,807 | 41 | 4,848 | 2,267 | 27 | 2,294 |
| CloudyeeNetwork | 23,177 | 386 | 23,563 | 7,155 | 7,155 | 22,587 | 560 | 23,147 | 5,920 | 2 | 5,922 | |
| CloudbrokerNetwork | 7,289 | 389 | 7,678 | 4,003 | 1 | 4,004 | 5,574 | 548 | 6,122 | 2,317 | 1 | 2,318 |
| WengineNetwork | 20,618 | 169 | 20,787 | 9,879 | 26 | 9,905 | 18,384 | 177 | 18,561 | 9,925 | 21 | 9,946 |
| HangzhouXinglu | 122 | 10,438 | 10,560 | 4,146 | 4,146 | 1,297 | 17,063 | 18,360 | ||||
| JingtengNetwork | 8,571 | 3,356 | 11,927 | 5,765 | 31 | 5,796 | 8,528 | 3,780 | 12,308 | 6,522 | 13 | 6,535 |
| WuxiXinglu | 77 | 2,325 | 2,402 | 6,294 | 4,906 | 11,200 | ||||||
| ShanghaiGildata | 24,017 | 2,395 | 26,412 | 16,530 | 61 | 16,591 | 20,353 | 1,930 | 22,283 | 13,624 | 13,624 | |
| BusinessIntelligence(Hangzhou) | 7,810 | 40 | 7,850 | 4,557 | 29 | 4,586 | 6,641 | 43 | 6,684 | 3,543 | 15 | 3,558 |
| ShanghaiGenus | 6,631 | 2,723 | 9,354 | 2,625 | 12 | 2,637 | 6,048 | 3,071 | 9,119 | 2,862 | 20 | 2,882 |
| IHSMarkit | 5,425 | 28 | 5,453 | 182 | 182 | 6,425 | 30 | 6,455 | 214 | 214 | ||
| NanjingXingcheng | 124 | 29,409 | 29,533 | 2,102 | 20,042 | 22,144 | ||||||
| CloudwingNetwork | 15,326 | 24,410 | 39,736 | 6,293 | 7 | 6,300 | 4,686 | 3 | 4,689 | 2,148 | 2,148 | |
| HundsunHoldings | 10,401 | 62,262 | 72,663 | 6,748 | 7,791 | 14,539 | 8,127 | 49,291 | 57,418 | 11,471 | 8,395 | 19,866 |
| HundsuniBontal | 7,003 | 1,978 | 8,981 | 2,392 | 72 | 2,464 | ||||||
| XunchangWendao | 3,778 | 424 | 4,202 | 487 | 108 | 595 | ||||||
| ShanghaiDworld | 4,869 | 59 | 4,928 | 416 | 1 | 417 | ||||||
| Nameofsubsidiary | Amountinthecurrentperiod | Amountinthepreviousperiod | ||||||
| Revenue | Netprofit | Totalcomprehensiveincome | Cashflowfromoperatingactivities | Revenue | Netprofit | Totalcomprehensiveincome | Cashflowfromoperatingactivities | |
| CloudInvestment | 1,655 | 851 | 851 | -85 | 922 | 1,854 | 1,854 | -72 |
| JapanHundsun | 5,189 | -214 | -214 | -447 | 6,487 | 64 | 64 | -1,075 |
| CloudyeeNetwork | 14,207 | 6,005 | 6,005 | 5,440 | 8,889 | 3,461 | 3,461 | 4,905 |
| CloudbrokerNetwork | 4,811 | -236 | -236 | 525 | 2,246 | -1,484 | -1,484 | -843 |
| WengineNetwork | 9,243 | 5,266 | 5,266 | 3,872 | 7,833 | 4,381 | 4,381 | 5,970 |
| HangzhouXinglu | -423 | -423 | -2 | -2,031 | -2,031 | -241 | ||
| JingtengNetwork | 11,792 | 148 | 148 | -765 | 12,594 | 3,030 | 3,030 | 4,633 |
| WuxiXinglu | -348 | -348 | -2 | 277 | 277 | -2 | ||
| ShanghaiGildata | 29,062 | 852 | 852 | 3,046 | 21,460 | 732 | 732 | 1,883 |
| BusinessIntelligence(Hangzhou) | 7,463 | 65 | 65 | -680 | 4,133 | 24 | 24 | 713 |
| ShanghaiGenus | 5,159 | 484 | 484 | 338 | ||||
| IHSMarkit | 21 | -1,025 | -1,025 | -1,191 | 77 | -756 | -760 | -733 |
| NanjingXingcheng | -951 | -951 | -300 | |||||
| CloudwingNetwork | 2,929 | -1,144 | -1,144 | -1,278 | 4,646 | 1,620 | 1,620 | 720 |
| HundsunHoldings | 17,160 | 5,428 | 5,428 | 5,586 | 15,657 | 5,409 | 5,409 | 6,936 |
| HundsuniBontal | 8,092 | -3,393 | -3,393 | -1,664 | ||||
| XunchangWendao | 440 | -1,394 | -1,394 | -1,118 | ||||
| ShanghaiDworld | 633 | -366 | -366 | -336 | ||||
(4).SubstantialrestrictionontheusageofassetsorthesettlementofliabilitiesoftheGroup
□Applicable√NotApplicable
(5).Financialsupportorothersupportprovidedtostructuredentitieswithinthescopeoftheconsolidatedfinancialstatement
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
2.Transactionsinwhichtheowners'equityinasubsidiaryhaschangedandthesubsidiaryisstillundercontrol
√Applicable□NotApplicable
(1).Changesintheowners'equityinsubsidiaries
√Applicable□NotApplicable
| Nameofsubsidiary | Dateofchange | Shareholdingpercentagebeforechange | Shareholdingpercentageafterchange |
| CloudbrokerNetwork | 2021.6.24 | 64.60% | 68.57% |
| ShanghaiGenus | 2021.5.25\2021.7.9 | 57.41% | 75.47% |
| HundsuniBontal | 2021.9.29 | 87.50% | 91.16% |
| CloudwingNetwork | 2021.12.16 | 72.38% | 97.69% |
| HundsunLirong | 2021.12.22 | 100.00% | 86.21% |
(2).Effectoftransactionsonminorityequityandowners'equityattributabletotheparentcompany
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| CloudbrokerNetwork | ShanghaiGenus | HundsuniBontal | CloudwingNetwork | HundsunLirong | |
| Acquisitioncost/disposalconsideration | |||||
| --Cash | 5,251,770.00 | 4,390,383.84 | 3,802,500.00 | 300,000,000.00 | 140,000,000.00 |
| --Fairvalueofnon-cashassets | |||||
| Totalacquisitioncost/disposalconsideration | 5,251,770.00 | 4,390,383.84 | 3,802,500.00 | 300,000,000.00 | 140,000,000.00 |
| Less:Shareofnetassetsofsubsidiariesbasedonthepercentageofsharesacquired/disposed | 1,225,484.84 | 336,145.15 | 2,800,000.63 | 300,211,879.57 | 137,372,239.70 |
| Difference | 4,026,285.16 | 4,054,238.69 | 1,002,499.37 | -211,879.57 | 2,627,760.30 |
| Including:Adjustmenttocapitalreserves | |||||
| Adjustmenttosurplusreserves | -4,026,285.16 | -4,054,238.69 | -1,002,499.37 | 211,879.57 | -2,627,760.30 |
| Adjustmenttoundistributedprofits |
OtherDescription
□Applicable√NotApplicable
3.Equityinjointventuresorassociates
√Applicable□NotApplicable
(1).Significantjointventuresorassociates
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Nameofjointventureorassociate | Principalplaceofbusiness | Placeofregistration | Natureofbusiness | Shareholdingpercentage(%) | Accountingmethodsfortheinvestmentinjointventuresorassociates | |
| Direct | Indirect | |||||
| ShenzhenRicequantTechnologyCo.,Ltd.(hereinafterreferredtoasShenzhenRicequant) | Shenzhen | Shenzhen | Software | 17.25 | 4.38 | Equitymethod |
| Ant(Hangzhou)FundSalesCo.,Ltd.(hereinafterreferredtoasAntFund) | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Finance | 24.10 | Equitymethod | |
| ShenzhenTradeblazerTechnologyCo.,,Ltd.(hereinafterreferredtoasShenzhenTradeblazer) | Shenzhen | Shenzhen | Software | 28.02 | 6.99 | Equitymethod |
| HundsunCloudFinancingNetworkTechnologyCo.,Ltd.(hereinafterreferredtoasCloudFinancingNetwork) | Hangzhou,Zhejiang | Hangzhou,Zhejiang | Software | 21.80 | 4.83 | Equitymethod |
(2).Mainfinancialinformationofsignificantjointventures
□Applicable√NotApplicable
(3).Mainfinancialinformationofsignificantassociates
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Closingbalance/amountinthecurrentperiod | Openingbalance/amountinthepreviousperiod | |||||||
| ShenzhenRicequant | AntFund | ShenzhenTradeblazer | CloudFinancingNetwork | ShenzhenRicequant | AntFund | ShenzhenTradeblazer | CloudFinancingNetwork | |
| Currentassets | 14,911,118.64 | 10,750,923,413.25 | 147,521,500.53 | 106,082,067.43 | 21,466,250.33 | 8,219,298,026.76 | 156,831,002.23 | 56,261,017.89 |
| Non-currentassets | 6,038,494.06 | 97,591,983.00 | 3,461,210.46 | 1,720,873.97 | 6,847,511.31 | 30,026,232.35 | 4,811,031.01 | 1,069,654.41 |
| Totalassets | 20,949,612.70 | 10,848,515,396.25 | 150,982,710.99 | 107,802,941.40 | 28,313,761.64 | 8,249,324,259.11 | 161,642,033.24 | 57,330,672.30 |
Currentliabilities
| Currentliabilities | 2,238,896.79 | 9,846,261,484.40 | 7,758,112.00 | 64,273,940.02 | 971,297.48 | 7,750,764,449.35 | 3,729,539.47 | 42,915,530.49 |
| Non-currentliabilities | 1,442,220.19 | 336,275.73 | 289,869.32 | |||||
| Totalliabilities | 2,238,896.79 | 9,847,703,704.59 | 7,758,112.00 | 64,610,215.75 | 971,297.48 | 7,750,764,449.35 | 3,729,539.47 | 43,205,399.81 |
Minorityinterests
| Minorityinterests | -23,393.07 | -6,902.06 | ||||||
| Equityattributabletoshareholdersoftheparentcompany | 18,710,715.91 | 1,000,811,691.66 | 143,247,992.06 | 43,192,725.65 | 27,342,464.16 | 498,559,809.76 | 157,919,395.83 | 14,125,272.49 |
Sharesofnetassetsattheshareholdingpercentage
| Sharesofnetassetsattheshareholdingpercentage | 4,047,344.18 | 241,167,192.12 | 50,151,063.08 | 11,500,352.55 | 5,914,957.07 | 120,138,753.80 | 54,664,758.03 | 4,392,349.73 |
| Adjustments | 61,835,817.56 | 15,339,388.62 | 37,002,476.34 | 12,487,431.15 | 61,835,817.56 | 15,339,388.62 | 37,002,476.34 | 12,582,695.51 |
| --Goodwill | 61,816,357.91 | 45,757,024.16 | 15,803,266.37 | 61,816,357.91 | 45,757,024.16 | 15,803,266.37 | ||
| --Unrealizedprofitofinternaltransaction | ||||||||
| --Others | 19,459.65 | 15,339,388.62 | -8,754,547.82 | -3,315,835.22 | 19,459.65 | 15,339,388.62 | -8,754,547.82 | -3,220,570.86 |
| Impairmentprovision | 47,651,170.76 | 41,325,091.00 | 47,651,170.76 | 41,325,091.00 | ||||
| Carryingvalueofequityinvestmentsinassociates | 18,231,990.98 | 256,506,580.74 | 45,828,448.42 | 23,987,783.70 | 20,099,603.87 | 135,478,142.42 | 50,342,143.37 | 16,975,045.24 |
| Fairvalueofequityinvestmentsinassociateswithapublicoffer |
Revenue
| Revenue | 14,092,679.89 | 12,124,218,535.44 | 33,938,385.54 | 114,616,067.68 | 9,829,008.61 | 6,011,650,173.07 | 23,285,468.67 | 77,992,615.92 |
| Netprofit | -8,631,748.25 | 503,863,782.59 | 17,328,596.23 | -29,296,546.84 | -18,540,841.04 | 98,748,334.35 | 9,749,748.29 | -28,354,348.17 |
| Netprofitfromdiscontinuedoperations | ||||||||
| Othercomprehensiveincome | ||||||||
| Totalcomprehensiveincome | -8,631,748.25 | 503,863,782.59 | 17,328,596.23 | -29,296,546.84 | -18,540,841.04 | 98,748,334.35 | 9,749,748.29 | -28,354,348.17 |
Dividendsreceivedfromassociatesinthecurrentyear
| Dividendsreceivedfromassociatesinthecurrentyear | 8,966,400.00 |
(4).Summarizedfinancialinformationofinsignificantjointventuresandassociates
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Closingbalance/amountinthecurrentperiod | Openingbalance/amountinthepreviousperiod | |
| Associates: | ||
| Totalcarryingamountofinvestments | 766,391,973.34 | 516,079,798.53 |
| Totalamountofthefollowingitemsattheshareholdingpercentage | ||
| --Netprofit | -156,306,553.89 | -4,233,446.90 |
| --Othercomprehensiveincome | ||
| --Totalcomprehensiveincome | -156,306,553.89 | -4,233,446.90 |
(5).SignificantrestrictionsonjointventuresorassociatestransferringfundstotheCompany
□Applicable√NotApplicable
(6).Excesslossincurredbyjointventuresorassociates
□Applicable√NotApplicable
(7).Unrecognizedcommitmentsrelatedtoinvestmentinjointventures
□Applicable√NotApplicable
(8).Contingentliabilitiesrelatedtoinvestmentinjointventuresorassociate
□Applicable√NotApplicable
4.Significantjointventure
□Applicable√NotApplicable
5.EquityinstructuredentitiesnotincludedintheconsolidatedfinancialstatementInformationofstructuredentitiesnotincludedinthefinancialstatements:
□Applicable√NotApplicable
6.Others
□Applicable√NotApplicableX.RisksRelatedtoFinancialInstruments
√Applicable□NotApplicable
Withanobjectiveofachievingabalancebetweenriskandrevenuethroughriskmanagement,theCompanyminimizesthenegativeimpactofriskonitsoperatingresultstomaximizetheinterestofitsShareholdersandotherequityinvestors.Accordingtotheobjectivesetforriskmanagement,thebasicstrategyoftheCompany'sriskmanagementistoidentifyandanalyzetheCompany'sexposurestorisk,establishappropriatetolerancethresholdsforrisksandimplementriskmanagement.Inaddition,the
Companysupervisesvariousrisksinatimelyandreliablemannertokeepriskswithinlimits.
Duringthedailyoperation,themainrisksarisingfromtheCompany'sfinancialinstrumentsincludecreditrisk,liquidityriskandmarketrisk.TheManagementhasreviewedandapprovedpoliciesformanagingallrisksandsummarizedbelow.(I)CreditriskCreditriskreferstotheriskthatonepartytoafinancialinstrumentfailstoperformitsobligations,resultinginfinanciallossestotheotherparty.
1.Creditriskmanagementpractices
(1)Creditriskassessmentmethod
TheCompanyassesseswhetherthecreditriskoftherelevantfinancialinstrumenthasincreasedsignificantlysincetheinitialrecognitiononeachbalancesheetdate.Indeterminingwhetherthecreditriskhasincreasedsignificantlysinceinitialrecognition,theCompanyconsidersreasonableandsupportableinformationthatcanbeobtainedwithoutunnecessaryadditionalcostsorefforts,includingqualitativeandquantitativeanalysisbasedonhistoricaldata,externalcreditriskratingsandforward-lookinginformation.Basedonasinglefinancialinstrumentoracombinationoffinancialinstrumentswithsimilarcreditriskcharacteristics,theCompanydeterminesthechangesintheriskofdefaultofthefinancialinstrumentduringtheexpectedlifeoftheinstrumentbycomparingtheriskofdefaultonthefinancialinstrumentonthebalancesheetdatewiththatonthedateofinitialrecognition.
TheCompanyconsidersafinancialinstrumenttohaveexperiencedasignificantincreaseincreditriskwhenoneormoreofthefollowingquantitativeorqualitativecriteriahavebeenmet:
1)Quantitativecriteriamainlyrefertotheprobabilityofdefaultfortheremaininglifeonthebalancesheetdateincreasingbymorethanacertainpercentagefromtheinitialrecognition;
2)Qualitativecriteriamainlyrefertothesignificantadversechangeindebtor’soperationorfinancialposition,existingoranticipatedchangesinthetechnological,market,economicorlegalenvironmentthatwillhaveamaterialadverseeffectonthedebtors’abilitiestorepayloanstotheCompany.
(2)Definitionofdefaultandcredit-impairedasset
Whenafinancialinstrumentmeetsoneormoreofthefollowingconditions,theCompanydefinesafinancialassetasadefaultasset,whichisconsistentwiththedefinitionofcredit-impairedasset:
1)Thedebtorhasmajorfinancialdifficulties;
2)Thedebtorviolatestheprovisionsofthecontractbindingthereon;
3)Thedebtorislikelytogobankruptorundergofinancialrestructuring;
4)Thecreditor,foreconomicorcontractualreasonsrelatingtothedebtor’sfinancialdifficulty,grantsthedebtorconcessionsthatwouldnothavebeenmadeinanyothercircumstances.
2.ECLmeasurement
ThekeyparametersofECLmeasurementincludeprobabilitiesofdefault(PD),lossesgivendefault(LGD)andexposuresatdefault(EAD).TheCompanytakesintoaccountthequantitativeanalysisofhistoricalstatistics(suchasratingsofthecounterparty,mannersofguaranteesandtypesofcollateral,andrepayments)andforward-lookinginformationinordertoestablishamodelofPD,LGDandEAD.
3.ThereconciliationoftheopeningbalanceandtheclosingbalanceoftheallowanceforlossesonfinancialinstrumentsisdetailedinNoteVII(4),(5),(8),(10)and(15)tothefinancialstatements.
4.CreditriskexposureandcreditriskconcentrationCreditrisksoftheCompanyariseprimarilyfromcashandbankbalancesandaccountsreceivable.Inordertocontroltherelevantrisksabove,theCompanytakesthefollowingmeasuresrespectively.
(1)CashandbankbalancesTheCompanykeepsbankdepositsandothercashandbankbalancesinfinancialinstitutionsathighercreditratings,sotheircreditrisksarelow.
(2)AccountsreceivableTheCompanyregularlyconductscreditassessmentsoncustomerswhotradeoncreditterms.Basedontheassessmentresults,theCompanychoosestotradewithrecognizedandcreditworthycustomersandmonitorstheiraccountsreceivablebalancestoensurethattheCompanywillnotbeexposedtosignificantbaddebtrisk.
AstheCompany'sexposuretoaccountsreceivableisspreadacrossmultiplepartnersandmultiplecustomers,7.90%(December31,2020:6.42%)oftheCompany’saccountsreceivablearosefromthetopfivecustomerswithbalancesasofDecember31,2021,andtheCompanydidnothavesignificantcreditconcentrationrisk.ThemaximumcreditriskexposureoftheCompanywasthecarryingamountofeachfinancialassetonthebalancesheet.(II)LiquidityriskLiquidityriskreferstotheriskofshortageoffundsarisingfromtheperformanceoftheCompany'sobligationstosettlebydeliveryofcashorotherfinancialassets.Liquidityriskmayarisefromtheinabilitytosellfinancialassetsatfairvalueasquicklyaspossible,orfromthefailureoftheotherpartytorepayitscontractualobligations,orfromdebtsmaturingearly,orfromthefailuretogeneratethedesiredcashflow.Inordertocontrolthisrisk,theCompanymaintainsabalancebetweencontinuityoffundingandflexibilityusingseveralfinancingmethodssuchasnotessettlementandbankborrowingsandbyoptimizingthefinancingstructurethroughthecombinationoflongandshort-termfinancing.TheCompanyhasobtainedbanklinesofcreditfromanumberofcommercialbankstomeetworkingcapitalrequirementsandcapitalexpenditure.
Classificationoffinancialassetsbytheremainingmaturity
| Item | Closingbalance | ||||
| Carryingvalue | Contractamountbeforediscount | Within1year | 1-3years | Over3years | |
| Bankborrowings | 406,482,379.81 | 423,546,817.44 | 194,009,340.75 | 163,120,828.12 | 66,416,648.57 |
| Accountspayable | 503,758,715.18 | 503,758,715.18 | 503,758,715.18 | ||
| Otherpayables | 170,804,176.79 | 170,804,176.79 | 170,804,176.79 | ||
| Currentportionofnon-currentliabilities | 154,496,614.61 | 160,966,349.12 | 160,966,349.12 | ||
| Leaseliabilities | 23,298,204.05 | 24,699,694.62 | 17,191,767.51 | 7,507,927.11 | |
| Sub-total | 1,258,840,090.44 | 1,283,775,753.15 | 1,029,538,581.84 | 180,312,595.63 | 73,924,575.68 |
(Continued)
| Item | Closingbalanceofthepreviousyear | |||||
| Carryingvalue | Contractamountbeforediscount | Within1year | 1-3years | Over3years | ||
| Bankborrowings | 252,808,623.96 | 273,181,365.91 | 52,044,014.74 | 141,276,618.07 | 79,860,733.10 |
| Accountspayable | 192,172,938.77 | 192,172,938.77 | 192,172,938.77 | ||
| Otherpayables | 128,629,520.86 | 128,629,520.86 | 128,629,520.86 | ||
| Sub-total | 573,611,083.59 | 593,983,825.54 | 372,846,474.37 | 141,276,618.07 | 79,860,733.10 |
(III)MarketriskMarketriskistheriskthatthefairvalueorthefuturecashflowsofafinancialinstrumentwillfluctuateduetochangesinmarketprices.Marketriskmainlyincludesinterestrateriskandforeignexchangerisk.
1.InterestrateriskInterestrateriskistheriskthatthefairvalueorfuturecashflowsofafinancialinstrumentwillfluctuateduetochangesinmarketinterestrates.Interest-bearingfinancialinstrumentswithafixedinterestrateexposetheCompanytofairvalueinterestrisk,whileinterest-bearingfinancialinstrumentswithvariableinterestratesexposetheCompanytocashflowinterestrate.TheCompanydeterminestheproportionoffixed-rateandvariable-ratefinancialinstrumentsbasedonmarketconditions,andmaintainsanappropriateportfoliooffinancialinstrumentsthroughregularreviewandmonitoring.TheCompany'scashflowinterestriskisprimarilyrelatedtoitsbankborrowingsatvariableinterestrates.
AsofDecember31,2021,theCompany'sbankborrowingsatfloatinginterestratesamountedtoRMB371,163,804.59(asofDecember31,2020:RMB205,953,538.33).Assumingthatothervariablesremainconstant,a50bpschangeintheinterestratewillnothaveamaterialimpactontheCompany'stotalprofitandshareholders'equity.
2.Foreignexchangerisk
Foreignexchangeriskistheriskthatthefairvalueorthefuturecashflowsofafinancialinstrumentwillfluctuateduetochangesinexchangerates.TheCompany'sforeigncurrencyriskisprimarilyrelatedtomonetaryassetsandliabilitiesinforeigncurrencies.Incaseofashort-termimbalancebetweenforeigncurrencyassetsandliabilities,theCompanymaytradeforeigncurrencyatthemarketexchangeratewhennecessary,tokeepthenetriskexposureatanacceptablelevel.
TheCompany’smonetaryassetsandliabilitiesinforeigncurrenciesattheendoftheperiodaredetailedinNoteVII(82)tothefinancialstatements.XI.DisclosureofFairValue
1.Closingfairvaluesofassetsandliabilitiesatfairvalue
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingfairvalue | |||
| LevelImeasurementatfairvalue | LevelIImeasurementatfairvalue | LevelIIImeasurementatfairvalue | Total | |
| I.Continuousfairvaluemeasurement | ||||
| (I)Held-for-tradingfinancialassets | 1,453,346,143.14 | 2,425,173,315.15 | 1,094,723,913.31 | 4,973,243,371.60 |
| 1.FinancialassetsmeasuredatFVTPL | 1,453,346,143.14 | 2,425,173,315.15 | 1,094,723,913.31 | 4,973,243,371.60 |
| (1)Debtinstrumentinvestments | ||||
| Item | Closingfairvalue | |||
| LevelImeasurementatfairvalue | LevelIImeasurementatfairvalue | LevelIIImeasurementatfairvalue | Total | |
| (2)Equityinstrumentinvestments | 668,814,640.35 | 1,094,723,913.31 | 1,763,538,553.66 | |
| (3)Derivativefinancialassets | ||||
| (4)Others | 784,531,502.79 | 2,425,173,315.15 | 3,209,704,817.94 | |
| (II)Otherdebtinvestments | 65,681,018.23 | 65,681,018.23 | ||
| Totalassetscontinuouslymeasuredatfairvalue | 1,519,027,161.37 | 2,425,173,315.15 | 1,094,723,913.31 | 5,038,924,389.83 |
2.Basisforrecognitionofmarketpricesforcontinuousandnon-continuouslevelImeasurement
itemsatfairvalue
√Applicable□NotApplicableTheCompanyrecognizesthefairvaluebasedonunadjustedquotedpricesinactivemarketsforidenticalassetsorliabilitiesthatareavailableonthemeasurementdate.
3.Qualitativeandquantitativeinformationonthevaluationtechniquesandsignificantparametersusedforcontinuousandnon-continuouslevelIImeasurementitemsatfairvalue
√Applicable□NotApplicableTheCompanyrecognizesthefairvaluebasedonsimilarquotedpricesofassetsandliabilitiesinactivemarkets,thesameorsimilarquotedpricesofassetsandliabilitiesinnon-activemarkets,andobservableinterestratecurvesandreturncurvesduringthenormalquotingintervals.
4.Qualitativeandquantitativeinformationonthevaluationtechniquesandsignificantparametersusedforcontinuousandnon-continuouslevelIIImeasurementitemsatfairvalue
√Applicable□NotApplicableTheCompanyrecognizesthefairvaluebyspecificvaluationtechniquesonthemeasurementdate,andtheimportantparametersadoptedincludeinterestratesthatcannotbedirectlyobservedorverifiedbyobservablemarketdata.
5.ReconciliationinformationbetweenopeningandclosingcarryingamountsandsensitivityanalysisofunobservableparametersforcontinuouslevelIIImeasurementitemsatfairvalue
□Applicable√NotApplicable
6.Reasonsforconversionandpolicyfordeterminingthetimingofconversionforitemsthatarecontinuouslymeasuredatfairvalueandconvertedbetweenlevelsduringtheperiod
□Applicable√NotApplicable
7.Changesinvaluationtechniquesduringtheperiodandreasons
□Applicable√NotApplicable
8.Fairvalueoffinancialassetsandfinancialliabilitiesnotmeasuredatfairvalue
□Applicable√NotApplicable
9.Others
□Applicable√NotApplicableXII.RELATEDPARTYANDRELATEDPARTYTRANSACTIONS
1.Informationoftheparentcompany
√Applicable□NotApplicable
Unit:10,000yuanCurrency:RMB
| Nameofparentcompany | Placeofregistration | Natureofbusiness | Registeredcapital | ShareholdingpercentageoftheparentcompanyintheCompany(%) | VotingrightpercentageoftheparentcompanyintheCompany(%) |
| HangzhouHundsunElectronicsGroupCo.,Ltd. | Hangzhou | Industrialinvestment | 5,000 | 20.72 | 20.72 |
InformationoftheparentcompanyTheultimatecontrollingpartyoftheparentcompanyisMaYun.TheultimatecontrollingpartyoftheCompanyisMaYun.
2.SubsidiariesoftheCompanyTheinformationontheCompany'ssubsidiariesisdetailedintheNotes.
□Applicable√NotApplicable
3.JointventuresandassociatesoftheCompanyTheinformationontheCompany'ssignificantjointventuresandassociatesisdetailedintheNotes.
√Applicable□NotApplicableOtherjointventuresorassociateswithwhichtheCompanyhadrelatedpartytransactionsduringtheperiodorinpriorperiodsthatresultedinbalancesareasfollows:
√Applicable□NotApplicable
| Nameofjointventuresorassociates | RelationshipwiththeCompany |
| HangzhouRongduScience&TechnologyCo.,Ltd.(hereinafterreferredtoasRongduScience&Technology) | Associate |
| Databaker(Beijing)TechnologyCo.,Ltd.(hereinafterreferredtoasDatabakerTechnology) | Associate |
| JiangxiLianjiaoyunRegistrationandSettlementCenterCo.,Ltd.(hereinafterreferredtoasJiangxiLianjiaoyun) | Associate |
| ZhejiangHundsunChangyunNetworkTechnologyCo.,Ltd(hereinafterreferredtoasHundsunChangyun) | Associate |
| ZhejiangBaiyingTechnologyCo.,Ltd.(hereinafterreferredtoasBaiyingTechnology) | Associate |
| ZhejiangSantanTechnologyCo.,Ltd.(hereinafterreferredtoasSantanTechnology) | Associate |
| GoldenStateInvestmentServicesCo.,Ltd.(hereinafterreferredtoasGoldenStateInvestment) | Associate |
| FujianTradingMarketRegistrationandSettlementCenterCo.,Ltd.(hereinafterreferredtoasFujianSettlementCenter) | Associate |
| HangzhouHundsunYuntaiNetworkTechnologyCo.,Ltd.(hereinafterreferredtoasHundsunYuntai) | Associate |
| HangzhouHundsunCenturyIndustryCo.,Ltd.(hereinafterreferredtoasCentury | Associate |
| Industry) | |
| BeijingHongtianRongdaInformationTechnologyCo.,Ltd.(hereinafterreferredtoasHongtianRongda) | Associate |
| HangzhouWanmingDigitalTechnologyCo.,Ltd.(hereinafterreferredtoasWanmingTechnology) | Associate |
| ShanghaiYitongtouTechnologyCo.,Ltd.(hereinafterreferredtoasShanghaiYitong) | Associate |
| ShanghaiDworldAITechCo.,Ltd.(hereinafterreferredtoasShanghaiDworld) | Associate[Note31] |
[Note31]ShanghaiDworldwasincorporatedintotheconsolidationscopeinthecurrentperiod.OtherDescription
□Applicable√NotApplicable
4.Otherrelatedparties
√Applicable□NotApplicable
| Nameofotherrelatedparties | RelationshipwiththeCompany |
| AntGroupCo.,Ltd.[Note32] | Others |
| AlibabaCloudComputingCo.,Ltd.(hereinafterreferredtoasAlibabaCloud)[Note33] | Others |
| Alibaba(China)NetworkTechnologyCo.,Ltd.(hereinafterreferredtoasAlibaba(China))[Note33] | Others |
| Taobao(China)SoftwareCo.,Ltd.(hereinafterreferredtoasTaobao(China)Software)[Note33] | Others |
| AlibabaCloud(Singapore)PrivateLimited(hereinafterreferredtoasAlibabaCloud(Singapore))[Note33] | Others |
| AntFortune(Shanghai)FinancialInformationServicesCo.,Ltd.(hereinafterreferredtoasAntFortune(Shanghai))[Note34] | Others |
| BeijingAntCloudFinancialInformationServicesCo.,Ltd.(hereinafterreferredtoasAntCloudFinancial)[Note34] | Others |
| AntBlockchainTechnology(Shanghai)Co.,Ltd.(hereinafterreferredtoasAntBlockchain)[Note34] | Others |
| Alipay(China)NetworkTechnologyCo.,Ltd.(hereinafterreferredtoasAlipay(China))[Note34] | Others |
| HangzhouAntShangshuinformationtechnologyCo.,Ltd.(hereinafterreferredtoasAntShangshu)[Note34] | Others |
| BeijingOceanBaseTechnologyCo.,Ltd.(hereinafterreferredtoasOceanBase)[Note34] | Others |
| AntRongxin(Chengdu)NetworkTechnologyCo.,Ltd.(hereinafterreferredtoasAntRongxin)[Note34] | Others |
| AntLemaibao(Shanghai)InformationTechnologyCo.,Ltd.(hereinafterreferredtoasAntLemaibao)[Note34] | Others |
| E-CapitalTransferCo.,Ltd.(hereinafterreferredtoasE-CapitalTransfer)[Note35] | Others |
| ChinaSecuritiesCreditInvestmentCo.,Ltd.(hereinafterreferredtoasChinaSecuritiesCredit)[Note35] | Others |
| DaocloudInternetTechnologyCo.,Ltd.(hereinafterreferredtoasDaocloudInternet)[Note35] | Others |
| XinghuanInformationTechnology(Shanghai)StockCo.,Ltd.(hereinafterreferredtoasXinghuanInformation)[Note35] | Others |
| HangzhouUtryTechnologyCo.,Ltd.(hereinafterreferredtoasHangzhouUtry)[Note35] | Others |
| BankofQingdaoCo.,Ltd.(hereinafterreferredtoasBankofQingdao)[Note35] | Others |
| SoftbiCorp.Ltd.(hereinafterreferredtoasSoftbi)[Note36] | Others |
| PingAnBankCo.,Ltd.(hereinafterreferredtoasPingAnBank)[Note37] | Others |
| ZhejiangE-CommerceBankCo.,Ltd.(hereinafterreferredtoasE-CommerceBank)[Note38] | Others |
| TianhongAssetManagementCo.,Ltd.(hereinafterreferredtoasTianhongAsset)[Note38] | Others |
| TianjinFinancialAssetsExchangeCo.,Ltd.(hereinafterreferredtoasTianjinFinancialAssetsExchange)[Note38] | Others |
| ZhongAnOnlineP&CInsuranceCo.,Ltd.(hereinafterreferredtoasZhongAnOnline)[Note38] | Others |
| CathayInsuranceCompanyLimited(hereinafterreferredtoasCathayInsurance)[Note38] | Others |
| TrustMutualLifeInsuranceCompany(hereinafterreferredtoasTrustMutualLife)[Note38] | Others |
| ZhejiangHundsunElectronicsCharityFoundation(hereinafterreferredtoasHundsunElectronicsCharityFoundation)[Note39] | Others |
| PengZhengzang,LiuShufeng,JiangJianshing,JingXiandong,HanXinyi,ZhuChao,YuBin,LiuXiaolun,LiuLangyu,WangXiangyao,DingWei,HuangChenli,ChenZhijie,XieLijuan,FanJingwu,GuanXiaolan,ZhangGuoqiang,ZhangYong,FuMeiying,WangFeng,TongChenhui,NiShouqi,ZhangXiaodong,ZhouFeng,YaoManying,andTuHaiyan[Note40] | Others |
[Note32]ThelargestshareholderindirectlyholdingsharesoftheCompany[Note33]AnentityhavingasignificantinfluenceonthelargestshareholderindirectlyholdingsharesoftheCompany[Note34]AcompanycontrolledbythelargestshareholderindirectlyholdingsharesoftheCompany[Note35]Acompanyholdingnon-controllinginterestsintheCompany[Note36]AcompanycontrolledbytheActualControllerofSoftbiHongKongCorporationLimited,ashareholderofSoftbi[Note37]AcompanyofwhichGuoTianyongisanindependentdirector[Note38]AcompanyofwhichHanXinyiisadirector[Note39]AfoundationofwhichFuMeiyingisthechairman.[Note40]Directors,Supervisors,andSeniorManagement
5.Relatedpartytransactions
(1).Relatedpartytransactionsforthepurchaseandsaleofgoodsandprovisionandreceiptof
servicesPurchaseofgoods/receiptofservices
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Relatedparty | Content | Amountinthecurrentperiod | Amountinthepreviousperiod |
| AlibabaCloud | Purchaseofgoodsandreceiptofservices | 35,976,749.11 | 39,883,577.84 |
| AntCloudFinancial[Note41] | Purchaseofgoodsandreceiptofservices | -182,771.87 | 132,012.24 |
| RongduScience&Technology | Purchaseofgoodsandreceiptofservices | 76,839.90 | 735,909.14 |
| DatabakerTechnology | Purchaseofgoodsandreceiptofservices | 200,547.67 | 143,738.94 |
| AntBlockchain | Purchaseofgoods | 60,411.99 | |
| CloudFinancingNetwork | Purchaseofgoodsandreceiptofservices | 2,903,092.06 | 14,002,689.31 |
| Alipay(China) | Receiptofservices | 49,386.79 | |
| JiangxiLianjiaoyun | Receiptofservices | 50,377.36 | |
| HundsunChangyun | Receiptofservices | 656.60 | |
| BaijinTechnology | Receiptofservices | 179,245.28 | |
| DaocloudInternet | Purchaseofgoods | 1,118,584.08 | 1,981,966.94 |
| XinghuanInformation | Receiptofservices | 94,339.62 | |
| HangzhouUtry | Receiptofservices | 45,480.00 | |
| Alibaba(China) | Receiptofservices | 611,877.93 | |
| ShanghaiDworld | Receiptofservices | 1,122,907.14 | |
| AlibabaCloud(Singapore) | Receiptofservices | 227,559.86 | |
| Sub-total | 41,132,710.35 | 58,282,467.58 |
[Note41]Thecurrentperiod'samountincurredbyAntCloudFinancialisanadjustmenttothepriorperiod'ssettlementamountSaleofgoodsandprovisionofservices
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Relatedparty | Content | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Alipay(China) | Softwareservicesandsalesofoutsourcedgoods | 5,040,898.42 | 11,761,010.98 |
| TianhongAsset | Softwareservices | 20,946,411.80 | 15,945,543.19 |
| E-CommerceBank | Softwareservices | 4,148,406.24 | 13,400,663.47 |
| BankofQingdao | Softwareservices | 20,324,537.53 | |
| AntFortune(Shanghai) | Softwareservices | 7,573,967.78 | 7,387,735.86 |
| JiangxiLianjiaoyun | Softwareservices | 2,156,653.79 | 1,030,150.64 |
| CloudFinancingNetwork | Softwareservices | 282,352.53 | 66,237.43 |
| SantanTechnology | Softwareservices | 1,178,108.04 | 1,366,904.59 |
| ZhongAnOnline | Softwareservices | 1,860,505.27 | 936,489.49 |
| AlibabaCloud | Softwareservices | 3,258,406.61 | 221,842.92 |
| GoldenStateInvestment | Softwareservices | 3,981,614.06 | 1,622,951.41 |
| FujianSettlementCenter[Note42] | Softwareservices | -35,575.23 | 5,883.44 |
| ShenzhenRicequant | Softwareservices | 573,704.19 | 567,637.62 |
| ChinaSecuritiesCredit | Softwareservices | 352,915.26 | 342,944.82 |
| TianjinFinancialAssetsExchange | Softwareservices | 396,226.41 | 170,532.20 |
| AntCloudFinancial | Softwareservices | 1,179,490.45 | 859,787.66 |
| E-CapitalTransfer | Softwareservices | 1,127,358.49 | |
| HundsunChangyun | Workplaceandpropertymanagementfeeetc. | 433,406.72 | |
| HundsunYuntai | Workplaceandpropertymanagementfeeetc. | 163,880.17 | |
| ShenzhenTradeblazer | Workplaceandpropertymanagementfeeetc. | 94,339.62 | 61,645.86 |
| CenturyIndustry | Workplaceandpropertymanagementfeeetc. | 68,389.86 | 64,239.16 |
| AntBlockchain | Softwareservices | 13,988,679.25 | 831,132.08 |
| PingAnBank | Softwareservices | 9,779,663.21 | 15,110,238.81 |
| BaijinTechnology | Softwareservices | 9,539.17 | 50,413.71 |
| Taobao(China)Software | Softwareservices | 308,018.80 | 1,359,845.12 |
| ShanghaiDworld | Softwareservices | 33,113.21 | |
| AntShangshu | Softwareservices | 688,806.03 | 641,509.41 |
| OceanBase | Softwareservices | 283,018.87 |
| TrustMutualLife | Softwareservices | 3,472,851.58 | |
| HangzhouUtry | Softwareservices | 64,655.17 | |
| CathayInsurance | Softwareservices | 264,498.08 | |
| HundsunYuntai | Softwareservices | 18,259.28 | |
| AntLemaibao | Softwareservices | 713,207.56 | |
| Sub-total | 82,648,012.10 | 95,887,635.99 |
[Note42]Thecurrentperiod'samountincurredbyFujianSettlementCenterisanadjustmenttothepriorperiod'ssettlementamountRelatedpartytransactionsforthepurchaseandsaleofgoodsandprovisionandreceiptofservices
□Applicable√NotApplicable
(2).Relatedentrustedmanagement/contractingandentrustingmanagement/outsourcingTheCompany'sEntrustedmanagement/contracting:
□Applicable√NotApplicableRelatedentrusting/contracting
□Applicable√NotApplicableTheCompany'sentrustingmanagement/outsourcing
□Applicable√NotApplicableRelatedmanagement/outsourcing
□Applicable√NotApplicable
(3).RelatedpartyleasesTheCompanyasthelessor:
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Nameoflessee | Typeofassetleased | Leaseincomerecognizedinthecurrentperiod | Leaseincomerecognizedinthepreviousperiod |
| SantanTechnology | Buildings | 1,559,633.03 | 1,559,633.03 |
| HundsunElectronicsCharityFoundation | Buildings | 66,055.05 | 66,055.05 |
TheCompanyasthelessee:
□Applicable√NotApplicableRelatedpartyleases
□Applicable√NotApplicable
(4).RelatedpartyguaranteesTheCompanyastheguarantor
□Applicable√NotApplicableTheCompanyastheguarantee
□Applicable√NotApplicable
Relatedpartyguarantees
□Applicable√NotApplicable
(5).Loansandborrowingsfrom/torelatedparties
□Applicable√NotApplicable
(6).Assettransferanddebtrestructuringofrelatedparties
□Applicable√NotApplicable
(7).Remunerationofkeymanagementpersonnel
√Applicable□NotApplicable
Unit:10,000yuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Remunerationofkeymanagementpersonnel | 4,569.88 | 3,656.91 |
[Note43]TheremunerationofSeniorManagementin2021wasRMB52million,andthedifferencebetweentheannualbonusofSeniorManagementaccruedin2020afteradjustmentandtheactualamountpaidwasRMB6,301,200.
(8).Otherrelatedpartytransactions
√Applicable□NotApplicableAccordingtotheProposalonRelatedPartyTransactionsofIncreasingCapitalandShareinHundsuniBontaladoptedthroughdeliberationatthe20
th
meetingoftheSeventhBoardheldbytheCompanyonOctober27,2021,HundsuniBontalproposedtoapplyforacapitalincreaseofRMB22.5milliontobecontributedwithcashandbankbalancesbyTrustMutualLifeandZhimingHongde(Shanghai)TechnologyCenter(whichisarelatedpartyofTrustMutualLifeandisstillintheprocessofestablishment,anditsspecificnameshallbesubjecttothefinalnameregisteredforindustryandcommerce,hereinafterreferredtoasZhimingHongde).Uponthecompletionofthecapitalincrease,TrustMutualLifeandZhimingHongdeproposedtoholdabout15.00%ofthesharesofHundsuniBontal,theCompanyandotheroriginalshareholderswaivedtherighttomakeacapitalincreaseinthesameproportion.AsofDecember31,2021,HundsuniBontalhadnotyetreceivedpaymentsforcapitalincreaseandcompletedthebusinessprocedures.
6.Receivablesandpayablesofrelatedparties
(1).Receivables
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Relatedparty | Closingbalance | Openingbalance | ||
| Bookbalance | Allowanceforbaddebts | Bookbalance | Allowanceforbaddebts | ||
| Accountsreceivable | BankofQingdao | 6,342,907.00 | 362,406.74 | ||
| Accountsreceivable | AntFortune(Shanghai) | 465,406.00 | 23,270.30 | 497,280.00 | 24,864.00 |
| Accountsreceivable | SantanTechnology | 536,587.87 | 72,088.13 | 842,661.08 | 44,549.10 |
| Accountsreceivable | JiangxiLianjiaoyun | 230,404.73 | 11,520.24 | 230,404.73 | 11,520.24 |
| Accountsreceivable | CloudFinancingNetwork | 291,121.64 | 87,056.08 | 295,459.96 | 29,347.55 |
| Accountsreceivable | TianjinFinancialAssetsExchange | 715,000.00 | 118,393.56 | 715,000.00 | 47,473.39 |
| Accountsreceivable | AntFund | 246,726.11 | 246,726.11 | 246,726.11 | 246,726.11 |
| Item | Relatedparty | Closingbalance | Openingbalance | ||
| Bookbalance | Allowanceforbaddebts | Bookbalance | Allowanceforbaddebts | ||
| Accountsreceivable | FujianSettlementCenter | 60,000.00 | 3,000.00 | ||
| Accountsreceivable | AlibabaCloud | 2,068,205.91 | 103,410.30 | ||
| Accountsreceivable | Alipay(China) | 3,206,936.84 | 340,601.84 | 1,983,319.73 | 306,216.73 |
| Accountsreceivable | E-CommerceBank | 906,955.00 | 45,347.75 | ||
| Accountsreceivable | AntBlockchain | 6,159,800.00 | 307,990.00 | 440,500.00 | 22,025.00 |
| Accountsreceivable | TianhongAsset | 1,928,184.07 | 370,579.20 | 2,590,132.00 | 340,676.60 |
| Accountsreceivable | E-CapitalTransfer | 1,352,000.00 | 1,352,000.00 | 1,352,000.00 | 1,310,000.00 |
| Accountsreceivable | PingAnBank | 3,688,522.22 | 244,570.40 | 2,903,010.63 | 201,394.78 |
| Accountsreceivable | AntShangshu | 400,134.41 | 20,006.72 | 272,000.00 | 13,600.00 |
| Accountsreceivable | OceanBase | 50,000.00 | 2,500.00 | ||
| Accountsreceivable | TrustMutualLife | 67,612.18 | 3,380.61 | ||
| Accountsreceivable | ZhongAnOnline | 385,411.90 | 19,270.60 | ||
| Accountsreceivable | AntLemaibao | 192,000.00 | 9,600.00 | ||
| Prepayments | AlibabaCloud | 298,022.08 | 573,371.82 | ||
| Prepayments | AntCloudFinancial | 12,679.84 | 840.13 | ||
| Prepayments | Alibaba(China) | 366,172.31 | |||
| Otherreceivables | BankofQingdao | 78,000.00 | 45,800.00 | ||
| Otherreceivables | AntFund | 112,950.80 | 112,950.80 | 112,950.80 | 112,950.80 |
| Otherreceivables | AntCloudFinancial | 50.00 | 5.00 | 50.00 | 2.50 |
| Otherreceivables | AlibabaCloud | 353,669.73 | 19,583.49 | 21,320.93 | 3,466.05 |
| Otherreceivables | Alipay(China) | 2.75 | 0.14 | ||
| Otherreceivables | BaijinTechnology | 50,000.00 | 5,000.00 | 50,000.00 | 2,500.00 |
| Otherreceivables | HongtianRongda | 25,000.00 | 1,250.00 | ||
| Otherreceivables | HundsunElectronicsCharityFoundation | 2,200,000.00 | 110,000.00 | ||
| Otherreceivables | Alibaba(China) | 428,481.48 | 21,424.07 | ||
| Contractassets | BankofQingdao | 1,471,980.00 | 83,974.00 | ||
| Contractassets | PingAnBank | 145,000.00 | 14,500.00 | 960,600.00 | 48,030.00 |
| Contractassets | TianjinFinancialAssetsExchange | 42,000.00 | 2,100.00 | ||
| Contractassets | AlibabaCloud | 270,000.00 | 13,500.00 | ||
| Contractassets | E-CommerceBank | 259,840.00 | 12,992.00 | ||
| Sub-total | 24,322,922.87 | 3,535,019.59 | 25,172,469.92 | 3,417,121.34 | |
(2).Payables
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Relatedparty | Closingbookbalance | Openingbookbalance |
| Accountspayable | AlibabaCloud | 5,776,721.11 | 1,364,472.56 |
| Accountspayable | CloudFinancingNetwork | 1,332,364.33 | 1,427,949.22 |
| Accountspayable | AntCloudFinancial | 53,445.93 | 1,914,681.78 |
| Accountspayable | RongduScience&Technology | 76,839.90 | 452,639.90 |
| Accountspayable | XinghuanInformation | 76,000.00 | 254,632.48 |
| Accountspayable | E-CapitalTransfer | 154,734.01 | 154,734.01 |
| Accountspayable | DatabakerTechnology | 153,385.00 | 173,725.00 |
| Accountspayable | DaocloudInternet | 2,449,552.94 | 2,761,276.94 |
| Accountspayable | AntBlockchain | 60,411.99 | |
| Accountspayable | ShanghaiDworld | 933,000.00 | |
| Contractliabilities | Alipay(China) | 275,254.87 | |
| Contractliabilities | TianhongAsset | 11,959,504.82 | 8,054,272.00 |
| Item | Relatedparty | Closingbookbalance | Openingbookbalance |
| Contractliabilities | GoldenStateInvestment | 326,316.66 | 2,980,948.56 |
| Contractliabilities | ZhongAnOnline | 842,827.53 | |
| Contractliabilities | AntCloudFinancial | 477,758.32 | |
| Contractliabilities | E-CapitalTransfer | 3,233,977.13 | 1,448,277.12 |
| Contractliabilities | ChinaSecuritiesCredit | 148,918.38 | 158,498.64 |
| Contractliabilities | ShenzhenRicequant | 307,585.39 | 320,766.53 |
| Contractliabilities | HundsunChangyun | 181,834.71 | |
| Contractliabilities | E-CommerceBank | 2,344,241.29 | |
| Contractliabilities | CloudFinancingNetwork | 272,752.07 | |
| Contractliabilities | SantanTechnology | 69,302.13 | 68,642.60 |
| Contractliabilities | TianjinFinancialAssetsExchange | 1,862,070.28 | 2,111,646.50 |
| Contractliabilities | AntBlockchain | 1,113,189.60 | 4,099,672.67 |
| Contractliabilities | FujianSettlementCenter | 9,000.82 | |
| Contractliabilities | JiangxiLianjiaoyun | 1,387.59 | 1,309.05 |
| Contractliabilities | PingAnBank | 2,311,314.79 | 363,667.63 |
| Contractliabilities | BaijinTechnology | 64,111.52 | |
| Contractliabilities | Taobao(China)Software | 23,584.91 | 51,500.00 |
| Contractliabilities | AntRongxin | 304,245.28 | 608,490.56 |
| Contractliabilities | WanmingTechnology | 38,339.06 | 41,646.58 |
| Contractliabilities | BankofQingdao | 2,516,264.65 | |
| Contractliabilities | AlibabaCloud | 1,976,625.33 | |
| Contractliabilities | HundsunYuntai | 138,751.74 | |
| Contractliabilities | ShanghaiYitong | 1,835.82 | |
| Contractliabilities | TrustMutualLife | 281,071.25 | |
| Contractliabilities | Alipay(China) | 275,254.87 | |
| Otherpayables | AlibabaCloud | 49,235.99 | 300,000.00 |
| Otherpayables | Softbi | 2,200,000.00 | |
| Sub-total | 34,555,966.23 | 39,230,496.11 |
7.Commitmentsbyrelatedparties
□Applicable√NotApplicable8.Others
□Applicable√NotApplicableXIII.SHARE-BASEDPAYMENT
1.Share-basedpayment
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | OwnershipSchemeforKeyEmployeesSubscribingSharesofInnovativeBusinessSubsidiaries | 2020EmployeeStockOwnershipScheme |
| TotalnumberofvariousequityinstrumentsoftheCompanygrantedinthecurrentperiod | 12,587,301 | 7,979,300 |
| TotalnumberofvariousequityinstrumentsoftheCompanyexercisedinthecurrentperiod | 2,348,260 | |
| TotalnumberofvariousequityinstrumentsoftheCompanylapsedin | 4,594,545 |
| thecurrentperiod | ||
| ScopeoftheexercisepriceoftheoutstandingshareoptionsoftheCompanywiththeremainingtermofthecontractattheendoftheperiod | TheexercisepriceofYunhanShareOptionisthecostplustheannualizedinterestrate,whichshallbeexercisedinthreetofouryearsfromthedateofgrant.TheexercisepriceofShanghaiGildata'sShareOptionisRMB1.95ontheinitialwarrant,RMB2.73onthefirsttothirdwarrantsandRMB4.905onthefifthandsixthwarrants,whichshallbeexercisedinthreeyearsfromthedateofgrant.TheexercisepriceofSoftbi'sShareOptionisRMB2.65ontheinitialwarrant,whichshallbeexercisedinthreeyearsfromthedateofgrant.. | |
| ScopeofexercisePriceofotheroutstandingequityinstrumentsoftheCompanyandremainingtermofthecontractattheendoftheperiod | TheexercisepriceofYunhanstockappreciationrights(SAR)isRMB1pershare,whichshallbeexercisedinthreetofiveyearsfromthegrantdateright.TheexercisepriceofShanghaiGildata'sinitialSARsisRMB1.95,andthatofotherSARsisRMB2.73,whichshallbeexercisedinthreeyearsfromthegrantdate. | ThegrantpriceisRMB45.32pershare,whichwillbeunlocked12months,24monthsand36monthsfromthedatewhenthelastunderlyingsharesaretransferredtotheEmployeeStockOwnershipSchemeasannouncedbytheCompany. |
OtherDescription
(1)OwnershipSchemeforKeyEmployeesSubscribingSharesofInnovativeBusinessSubsidiariesAccordingtotheInvestmentandManagementMeasuresofHundsun'sKeyEmployeesSubscribingSharesofInnovativeBusinessSubsidiariesadoptedthroughdeliberationatthe10
thmeetingoftheFifthBoardheldbytheCompanyonJanuary27,2014,theCompanydeterminedtojointlyestablisha"limitedpartnership"enterprisebytheCompanyanditsauthorizedrepresentativestomanageandexercisethesharesoftheinnovativebusinesssubsidiaries.Thedifferent"partnershipenterprises"arerequiredtobesetupby"keyemployees"ofdifferentinnovationbusinesssubsidiaries(full-timekeyemployeesresponsibleforthemanagement,technology,andbusinessininnovationsubsidiaries)formakingunifiedinvestmentsinsubsidiaries,whileaunified"partnershipenterprise"isrequiredtobesetupbythe"KeyManagement"oftheCompany(includingtheseniormanagementteamandotherkeypersonsworkingattheheadquartersoftheCompany)formakingunifiedinvestmentsininnovativebusinesssubsidiaries.AccordingtotheProposalonRevisingtheInvestmentandManagementMeasuresaboveadoptedthroughdeliberationatthe
th
and21
st
meetingsoftheFifthBoardheldbytheCompanyonJuly17,2014andFebruary12,2015,respectively,theCompanydeterminedthattherearethreetypesofemployeestockownershipschemes,namelysharesubscriptionincashbyemployees(contributionbyemployeestoestablishpartnershipenterprises),investmentshareoptionandSAR.
Accordingtotheresolutionofthe13
th
meetingoftheFifthBoardheldbytheCompanyonJuly17,2014,theCompanyandits"KeyManagement"and"keyemployeesofsubsidiaries"jointlyinvestedintheestablishmentofYunhan,Yunxia,Yunyin,Yunjin,Yunqin,Yunming,Yuntang,Yunwei,Yunshu,YunwuandYunsong.AccordingtotheResolutionontheEstablishmentofEightNewEmployeeStockOwnershipPlatforms(HundsunExecutiveCommittee2016No.011)issuedbytheCompany'sExecutiveCommitteeofStockOwnershipPlanManagementinAugust2016,theCompanyandHangzhouYunhui,awholly-ownedsubsidiary,establishedYunchu,Yunliao,Yunqi,Yuncao,Yunhan,Yunzhou,YunliangandYunzheng.Accordingtotheresolutionofthe12
th
meetingoftheSixthBoardonApril25,2017,theCompanyandHangzhouYunhui,awholly-ownedsubsidiary,establishedShanyi,Shandu,Shangui,
Shanying(formerlyknownasShanyu),Shanzhao,Shanlu,Shanyu,ShanlunandShanru(asofDecember31,2021,Shanyi,ShanduandShanruhadnotcompletedtheregistrationproceduresforindustrialandcommercialestablishment).Accordingtotheresolutionsofthe5
th
,15
thand18
thmeetingsoftheSixthBoard,theCompanyandHangzhouYunhui,awholly-ownedsubsidiary,establishedYunyue,ShanzhiandShanjing.WiththeadvancementoftheEmployeeStockOwnershipScheme,thesharesheldbytheCompanyintheaboveemployeestockownershipplatformshadbeentransferredtorelevantemployeesgradually.
(2)2020EmployeeStockOwnershipSchemeAccordingtotheProposalonHundsun's2020EmployeeStockOwnershipScheme(Draft)anditsSummaryandtheProposalonHundsun'sManagementMeasuresfor2020EmployeeStockOwnershipSchemeadoptedthroughdeliberationattheCompany's15
th
boardmeetingoftheFifthBoardheldonDecember8,2020andthethirdextraordinarygeneralmeetingof2020heldonDecember25,2020,CompanytheCompanyproposedtorepurchasesomesharesofthepublicwithitsownfundsthroughcallauctiontradingforitsEmployeeStockOwnershipScheme.AsofJune30,2021,theCompanyhadtransferred7,979,300sharestoitsaccountunderthe2020EmployeeStockOwnershipSchemethroughnon-tradetransferatapriceofRMB45.32pershare.Atthispoint,theCompanycompletedthenon-tradetransferofallsharesunderthe2020EmployeeStockOwnershipScheme.Accordingtotheprovisionsofthe2020EmployeeStockOwnershipScheme(Draft)ofHundsunTechnologiesInc.,theunderlyingsharesacquiredunderthisSchemewereunlockedinthreephases,namely12months,24monthsand36monthsfromthedatewhentheCompanyannouncesthetransferofthelastunderlyingsharestothisScheme.Theproportionofunderlyingsharesunlockedineachphasewas40%,30%and30%,respectivelyUnderthe2020EmployeeStockOwnershipScheme,theCompanywillconductindividualperformanceappraisalbasedonitsownperformanceappraisalsystemfrom2021to2023,anddeterminethefinalnumberofunderlyingsharestobeunlockedfortheshareholderbasedontheresultsofindividualperformanceappraisalasfollows.
| Appraisalresults | A | B | C | D |
| Individualunlockingfactor | 100% | 100% | 50% | 0% |
Theactualnumberofsharesforindividualsareunlockedbasedontheappraisalresultsofthepreviousyear.Basedontheshareholder'sindividualappraisalresults,theactualnumberofsharestobeunlockedinthecurrentperiod=thenumberofsharesgrantedforthecurrentperiod×individualunlockingfactor.TheunderlyingsharescorrespondingtotheactualnumberofsharestobeunlockedinthecurrentperiodshallbesoldcollectivelybytheManagementCommitteeinapropermanneratitsdiscretionaftertheexpirationofthelock-upperiod,andtheremainingearningsfromthesaleofsharesnetofrelevanttaxesandfeesshallbedistributedtotheshareholdersinaccordancewiththeprovisionsoftheScheme.IftheindividualappraisalresultinthefirstorsecondyearisGradeC,theshareholder'ssharestobeunlockedinthecurrentperiodwillbedeferredtothenextyearaccordingly,andwillbeunlockedinthenextyearwhentheindividualappraisalresultreachesGradeBoraboveincorrespondingproportion.IftheindividualappraisalresultinthenextyearisstillGradeC,theshareholder'ssharesthatcannotbeunlockedwillberecoveredbytheManagementCommitteeoftheEmployeeStockOwnershipSchemeinaccordancewithappropriateprovisions.IftheindividualappraisalresultinthethirdyearisGradeC,theshareholder's
sharethatcannotbeunlockedinthecurrentperiodshallberecoveredbytheManagementCommitteeoftheEmployeeStockOwnershipSchemeinaccordancewithappropriateprovisions.IftheindividualappraisalresultisGradeD,theshareholder'ssharethatcannotbeunlockedinthecurrentperiodshallberecoveredbytheManagementCommitteeoftheEmployeeStockOwnershipSchemeinaccordancewithappropriateprovisions.TheManagementCommitteehastherighttorecovertheunlockedinterestsandsharesundertheSchemeatapricedeterminedbytheoriginalcontributionamountorthenetvalue(whicheverislower)oftheunderlyingsharestowhichthesharescorrespond.
2.Equity-settledshare-basedpayment
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | OwnershipSchemeforKeyEmployeesSubscribingSharesofInnovativeBusinessSubsidiaries | 2020EmployeeStockOwnershipScheme |
| Recognitionmethodforthefairvalueofequityinstrumentsonthegrantdate | Whenthereareexternalinvestorsatthetimeofgrant,theinvestmentpriceshallbeadopted,andthefairpriceiscalculatedwhentherearenoexternalinvestors | Sharepriceonthegrantdate |
| Basisfordeterminingthenumberofexercisableequityinstruments | Basedonthelimitofwarrantsgranted,theCompanycomprehensivelyconsidersthenumberofemployeeswithvestingconditionsoneachbalancesheetdate,itsperformanceappraisalindicatorsandtheindividualperformanceappraisalresultsofeachgranteeineachyearwithvestingconditions | Basedonthenumberofsharesgranted,thenumberofexercisableequityinstrumentsisdeterminedbytakingintoaccountthechangesinthenumberofemployeeswithvestingconditionsoneachbalancesheetdateandtheindividualperformanceappraisalresultsineachyearwithvestingconditions |
| Reasonsforsignificantdifferencesbetweencurrentestimatesandpreviousestimates | ||
| Aggregateamountofequity-settledshare-basedpaymentchargedtothecapitalreserve | 76,101,204.54 | 106,488,455.61 |
| Totalexpensesrecognizedbyequity-settledshare-basedpaymentinthecurrentperiod | 3,466,693.01 | 109,124,906.80 |
3.Cash-settledshare-basedpayment
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Recognitionmethodforthefairvalueofliabilitiesassumedbytheenterpriseandcalculatedandrecognizedbasedonsharesorotherequityinstruments | Appraisalprice |
| Aggregateliabilitiesarisingfromcash-settledshare-basedpaymentsinliabilities | 29,104,152.44 |
| Totalexpensesrecognizedforcash-settledshare-basedpaymentsinthecurrentperiod | 7,761,880.45 |
| Gainfromchangesinthefairvaluerecognizedforcash-settledshare-basedpaymentliabilities | 4,120,593.87 |
| Amountofoptionsexercisedduringtheperiod | 7,445,515.12 |
OtherDescription
(1)AccordingtotherelevantprovisionsoftheAccountingStandardforBusinessEnterprisesNo.22-RecognitionandMeasurementofFinancialInstrumentsregardingtherecognitionoffairvalue,the
Companywillmeasurethefairvalueofshareappreciationrightsgrantedundertheshareincentiveschemeattheappraisalpriceoneachbalancesheetdate.
(2)TheCompany'sASRsareexercisedintheformofinstallmentcashdividendsandrepurchases.WhentheASRsareexercisedintheformofcashdividends,theprobabilityofdividendsisestimatedtobe20%basedonthefuturecashinflowofeachshareholdingplatformintherecognitionofthefairvalueoftheliabilitiesfortheYunhanASRs.
4.Modificationandterminationofshare-basedpayment
□Applicable√NotApplicable
5.Others
□Applicable√NotApplicableXIV.COMMITMENTANDCONTINGENCIES
1.Significantcommitments
√Applicable□NotApplicableSignificantexternalcommitmentsonthebalancesheetdateandtheirnatureandamount
(1)TheCompanyparticipatedasalimitedpartnerintheinvestmentinSuzhouFangguangPhaseIIIVentureCapitalPartnership(L.P)(hereinafterreferredtoasFangguangPhaseIIIFund)duringtheperiodandproposedtoinvestRMB30milliontoacquirethecapitalcontributionofRMB30million(includingapaid-incapitalcontributionofRMB1million)transferredbytheoriginalpartnerofFangguangPhaseIIIFund.FangguangPhaseIIIFundcompletedtheproceduresforindustrialandcommercialregistrationofchangesonDecember17,2020.AsofDecember31,2021,theCompanyhadpaidRMB22.5millionfortheinvestment.
(2)TheCompanyparticipatedasalimitedpartnerofCostoneintheinvestmentinNanjingPengxiEquityInvestmentCenter(L.P.)(hereinafterreferredtoasNanjingPengxi)andproposedtoinvestRMB200millionunderthepartnershipcontract.NanjingPengxicompletedtheproceduresforindustrialandcommercialregistrationofchangesonDecember24,2020.AsofDecember31,2021,theCompanyhadpaidRMB120millionfortheinvestment.
(3)AccordingtotheSummitAgreemententeredintobetweenCloudwingNetworkandFinastraInternationalLimited(hereinafterreferredtoasFinastra)inNovember2021,CloudwingNetworkproposedtoinvestUSD65milliontoacquiretheSummitsoftware-relatedbusinessownedbyFinastra.AsofDecember31,2021,theCompanyhadnotyetcompletedthesettlementprocedureswithFinastraandpaidacumulativeamountofUSD19.0millionfortheacquisition,whichisequivalenttoRMB112,816,169.61presentedinothernon-currentassets.
2.Contingencies
(1).Importantcontingenciesonthebalancesheetdate
√Applicable□NotApplicable
(1)Accordingtotheresolutionofthe21
stmeetingoftheSixthBoardheldbytheCompanyonJuly11,
2018,theCompanydismissedLiaoZhangyong,itsformerSeniorVicePresident,andShenZhiwei,itsformerVicePresident,andterminatedthelaborrelationswithXuBinshan,itsemployee,onJuly16,2018.AccordingtotheNoticeofDelistingandEmployeeStockOwnershipSchemeissuedbytheCompanyandtheemployeestockownershipplatformsinAugust2018,theCompanydecidedtodelisttheabovethreepersonsfromtheemployeestockownershipplatformsrepurchasedtheirpropertysharesintheemployeestockownershipplatformsatanetassetprice,andchargedthepaymentofRMB7,148,090.87forrepurchasingtheabovepropertysharestootherpayables.TheCompanycompletedtheproceduresforindustrialandcommercialregistrationofchangesfortherepurchaseinSeptember2018,andtheoutstandingpaymentforrepurchasewasRMB7,099,878.87asofDecember31,2021.
LiaoZhangYongappliedforlaborarbitrationwithHangzhouLaborandPersonnelDisputeArbitrationCommissiononAugust5,2019,requiringtheCompanytopaycompensationfortheillegalterminationofthelaborcontractandwagearrearsintheamountofRMB1,718,100.HangzhouLaborandPersonnelDisputeArbitrationCommissionissuedanoticeonFebruary15,2022(ZHLRZA[2019]No.407)rejectingallofLiaoZhangYong'sarbitrationclaims.Asoftheapprovaldateofthefinancialstatements,thecasehasnotyetbeenfinalized.
(2)AsofDecember31,2021,thebalanceoftheCompany'soutstandingguaranteewasRMB16,153,155.00.
(2).Asituationstatementshallbemadeincaseofnosignificantcontingenciestobedisclosed:
□Applicable√NotApplicable
3.Others
□Applicable√NotApplicableXV.EVENTSAFTERTHEBALANCESHEETDATE
1.Importantnon-adjustingevents
□Applicable√NotApplicable
2.Profitdistribution
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Profitordividendtobedistributed | |
| Profitordividenddeclaredafterapprovalthroughdeliberation | AccordingtotheProfitDistributionPlanfor2020adoptedatthe23rdmeetingoftheSeventhBoardheldbytheCompanyonMarch29,2022,theCompanyproposedtodistributeacashdividendofRMB1.00(includingtax)forevery10sharesand3bonussharesforevery10sharestoallshareholdersbasedon1,461,144,040shares,being1,461,560,480sharesoutstandingless416,440sharesinthespecialrepurchaseaccountoftheCompany. |
3.Salesreturn
□Applicable√NotApplicable
4.Notesonothereventsafterthebalancesheetdate
√Applicable□NotApplicable
(1)AccordingtotheProposaltoRepurchasetheCompany'sSharesinCallAuctionTradingadoptedthroughdeliberationatthe22
nd
meetingoftheBoardheldbytheCompanyonFebruary14,2022,theCompanyproposedtorepurchasesomesharesofthepublicwithitsownfundsthroughcallauctiontradingforitsShareIncentiveSchemeorEmployeeStockOwnershipScheme.ThetotalamountoffundstobeusedintherepurchaseofsharesshallnotbelessthanRMB100millionandnotmorethanRMB150million,andthepriceofeachsharerepurchasedshallnotexceedRMB80.Asoftheapprovaldateofthefinancialstatements,theCompanyhasnotyetmadeanyactualrepurchases.
(2)Asoftheapprovaldateofthefinancialstatements,theCompanyanditssubsidiarieshavenotyetcompletedthefinalsettlementandpaymentofincometaxesfor2021.XVI.OTHERSIGNIFICANTEVENTS
1.Correctionofaccountingerrorsinthepreviousperiod
(1).Retrospectiverestatement
□Applicable√NotApplicable
(2).Prospectiveapplication
□Applicable√NotApplicable
2.Debtrestructuring
□Applicable√NotApplicable
3.Assetreplacement
(1).Exchangeofnon-monetaryassets
□Applicable√NotApplicable
(2).Exchangeofotherassets
□Applicable√NotApplicable
4.Annuityplan
□Applicable√NotApplicable
5.Discontinuedoperations
□Applicable√NotApplicable
6.Segmentinformation
(1).Basisfordeterminingreportingsegmentsandaccountingpolicies
√Applicable□NotApplicable
TheCompanydeterminesthereportingsegmentbasedonitsinternalorganizationalstructure,managementrequirementsandinternalreportingsystemandtakestheindustrysegmentasthebasistodeterminethereportingsegment.Theoperatingperformanceofsoftwarebusiness,commercialbusiness,realestatebusinessandcommercialservicebusinessshallbeassessedrespectively.Assetsandliabilities
commonlyusedinallsegmentsaredistributedamongdifferentsegmentsaccordingtothescale.TheCompanydeterminesthereportingsegmentsbasedontheregionalsegments.Therevenuefromandcostofprincipalbusinessesaredividedbytheplacewherethesalesarefinallyrealized,andtheassetsandliabilitiesaredividedbytheplacewheretheoperatingentityislocated.
(2).Financialinformationofreportablesegments
√Applicable□NotApplicable
1)RegionaldivisionUnit:YuanCurrency:RMB
| Item | MainlandChina | Overseas | Inter-segmentoffset | Total |
| Revenuefromprincipalbusinesses | 5,268,862,680.55 | 223,149,586.89 | 5,492,012,267.44 | |
| Costofprincipalbusinesses | 1,440,685,304.55 | 43,388,736.72 | 1,484,074,041.27 | |
| Totalassets | 11,203,978,995.12 | 875,929,317.64 | 12,079,908,312.76 | |
| Totalliabilities | 5,693,108,501.99 | 171,478,682.31 | 5,864,587,184.30 |
2)IndustrysegmentUnit:YuanCurrency:RMB
| Item | Software | Realestate | Investmentmanagement | Inter-segmentoffset | Total |
| Revenuefromprincipalbusinesses | 5,474,803,619.44 | 17,208,648.00 | 5,492,012,267.44 | ||
| Costofprincipalbusinesses | 1,480,714,651.88 | 3,359,389.39 | 1,484,074,041.27 | ||
| Totalassets | 10,798,192,903.15 | 564,932,856.24 | 716,782,553.37 | 12,079,908,312.76 | |
| Totalliabilities | 5,497,124,437.98 | 324,822,701.13 | 42,640,045.19 | 5,864,587,184.30 |
(3).ExplanationshallbegiveniftheCompanyhasnoreportablesegmentsorcannotdisclosetotal
assetsandtotalliabilitiesofreportablesegments
□Applicable√NotApplicable
(4).OtherDescription
□Applicable√NotApplicable
7.Othersignificanttransactionsandeventsaffectinginvestors'decisions
√Applicable□NotApplicableAccordingtotherelevantprovisionsoftheProvisionalRegulationsofthePeople’sRepublicofChinaonLandAppreciationTax,thelandappreciationtaxshallbepaidatfour-levelprogressiverates,i.e.,thetaxrateis30%whentheappreciationvolumeislessthan50%oftheamountdeducted;thetaxrateis40%whentheappreciationvolumeismorethan50%andlessthan100%oftheamountdeducted;thetaxrateis50%whentheappreciationvolumeismorethan100%andlessthan200%oftheamountdeducted;thetaxrateis60%whentheappreciationvolumeismorethan200%oftheamountdeducted.Thesaleofordinarystandardresidentialbuildingswithanappreciationvolumenotexceeding20%oftheamountdeductedisexemptfromthelandappreciationtax.
Inadditiontopayingthelandappreciationtaxcalculatedatawithholdingrateprescribedbythelocaltaxbureau,HundsunSciencePark,asubsidiaryoftheCompany,accruedrealestatedevelopmentprojectsthathavemettherelevantprescribedliquidationconditionsbuthavenotyetbeenliquidated,aswellasrealestatedevelopmentprojectsforwhichsalesrevenuehasbeenrecognizedbuthavenotmettherelevantprescribedliquidationconditions,basedonthedifferencebetweenthelandappreciationtaxpayableandthatactuallypaid.AsofDecember31,2021,theaccumulateddifferenceoflandappreciationtaxaccruedbyHundsunScienceParkwasRMB305,258,151.46.
8.Others
√Applicable□NotApplicableLeases
(1)TheCompanyastheleasee
1)Informationrelatedtotheright-to-useassetsisdetailedinNoteVII(25)tothefinancialstatements;
2)TheCompany'saccountingpoliciesforshort-termleasesandleasesoflow-valueassetsaredetailedinNoteV(42)tothefinancialstatements.Theamountofexpensesforshort-termleasesandlow-valueassetleaseschargedtothecurrentprofitorlossisasfollows:
| Item | Duringtheperiod | Duringthecorrespondingperiodlastyear |
| Expensesforshort-termleasesandlow-valueassetleases | 35,696,783.16 | 28,741,017.65 |
| Total | 35,696,783.16 | 28,741,017.65 |
3)Currentprofitorlossandcashflowrelatedtoleases
| Item | Duringtheperiod | Duringthecorrespondingperiodlastyear |
| Interestexpensesonleaseliabilities | 637,194.89 | 161,810.25 |
| Variableleasepaymentsnotchargedtothemeasurementofleaseliabilitiesbuttothecurrentprofitandloss | ||
| Incomefromsublettingtheright-to-useassets | ||
| Totalcashoutflowsrelatedtoleases | 47,182,565.08 | 30,237,429.55 |
| Profitandlossrelatedtoleasebacktransactions |
4)ThematurityanalysisofleaseliabilitiesandthecorrespondingliquidityriskmanagementaredetailedinNoteX(2)tothefinancialstatements.
(2)TheCompanyastheleaser
1)Operatinglease
①Leaseincome
| Item | Duringtheperiod | Duringthecorrespondingperiodlastyear |
| Leaseincome | 3,349,682.46 | 3,284,777.58 |
| Including:Incomethatisrelatedtovariableleasepaymentsandnotchargedtoleasereceipts |
②Operatingleaseassets
| Item | Closingbalance | Closingbalanceofthepreviousyear |
| Investmentproperties | 127,524,968.93 | 111,411,248.79 |
| Sub-total | 127,524,968.93 | 111,411,248.79 |
XVII.NOTESTOMAINITEMSINTHEPARENTCOMPANY'SFINANCIALSTATEMENTS
1.Accountsreceivable
(1).Disclosurebyaging
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Aging | Closingbookbalance |
| Within1year | |
| Including:Sub-itemswithin1year | |
| Sub-totalwithin1year | 451,541,768.25 |
| 1-2years | 113,030,463.48 |
| 2-3years | 39,611,637.04 |
| Over3years | 101,053,740.28 |
| Total | 705,237,609.05 |
(2).Disclosurebycategorybymeansofallowanceforbaddebts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Class | Closingbalance | Openingbalance | ||||||||
| Bookbalance | Allowanceforbaddebts | Carryingvalue | Bookbalance | Allowanceforbaddebts | Carryingvalue | |||||
| Amount | Proportion(%) | Amount | Proportion(%) | Amount | Proportion(%) | Amount | Proportion(%) | |||
| Allowanceforbaddebtsmadeonanindividualbasis | 39,136,044.00 | 5.55 | 39,136,044.00 | 100.00 | 55,969,423.14 | 9.76 | 55,969,423.14 | 100.00 | ||
| Including: | ||||||||||
Allowanceforbaddebtsmadeonacollectivebasis
| Allowanceforbaddebtsmadeonacollectivebasis | 666,101,565.05 | 94.45 | 108,385,566.35 | 16.27 | 557,715,998.70 | 517,475,143.99 | 90.24 | 90,143,603.56 | 17.42 | 427,331,540.43 |
| Including: | ||||||||||
| Agingportfolio | 645,337,176.00 | 91.51 | 108,385,566.35 | 16.80 | 536,951,609.65 | 493,150,603.93 | 86.00 | 90,143,603.56 | 18.28 | 403,007,000.37 |
| Groupedbyrelatedpartytransactionsintheconsolidationscope | 20,764,389.05 | 2.94 | 20,764,389.05 | 24,324,540.06 | 4.24 | 24,324,540.06 | ||||
| Total | 705,237,609.05 | / | 147,521,610.35 | / | 557,715,998.70 | 573,444,567.13 | / | 146,113,026.70 | / | 427,331,540.43 |
Provisionforbaddebtsisaccruedonanindividualbasis:
√Applicable□NotApplicable
Unit:RMBCurrency:RMB
| Name | Closingbalance | |||
| Bookbalance | Allowanceforbaddebts | Provision(%) | Reasons | |
| Amountofothersoftwareservices | 39,136,044.00 | 39,136,044.00 | 100.00 | Expecteddifficultyincollection |
| Total | 39,136,044.00 | 39,136,044.00 | 100.00 | / |
Allowanceforbaddebtsmadeonanindividualbasis:
□Applicable√NotApplicable
Allowanceforbaddebtsmadeonacollectivebasis:
√Applicable□NotApplicableItemforwhichallowancewasmadeonacollectivebasis:groupedbyaging
Unit:YuanCurrency:RMB
| Name | Closingbalance | ||
| Accountsreceivable | Allowanceforbaddebts | Provision(%) | |
| Within1year | 431,192,822.33 | 21,559,641.12 | 5.00 |
| 1-2years | 111,612,920.35 | 11,161,292.04 | 10.00 |
| 2-3years | 38,381,143.04 | 11,514,342.91 | 30.00 |
| Over3years | 64,150,290.28 | 64,150,290.28 | 100.00 |
| Total | 645,337,176.00 | 108,385,566.35 | 16.80 |
Itemforwhichallowancewasmadeonacollectivebasis:Groupedbyrelatedpartytransactionsintheconsolidationscope
| Item | Bookbalance | Allowanceforbaddebts | Reasons |
| ShanghaiGenus | 16,879,363.15 | Noimpairmentfoundbyindividualtest | |
| ShanghaiGildata | 1,295,429.66 | Noimpairmentfoundbyindividualtest | |
| JingtengNetwork | 1,270,848.41 | Noimpairmentfoundbyindividualtest | |
| YunyongNetwork | 685,242.50 | Noimpairmentfoundbyindividualtest | |
| HundsunHK | 392,500.49 | Noimpairmentfoundbyindividualtest | |
| JapanHundsun | 136,983.87 | Noimpairmentfoundbyindividualtest | |
| HundsunAyers | 71,364.71 | Noimpairmentfoundbyindividualtest | |
| CloudbrokerNetwork | 17,722.08 | Noimpairmentfoundbyindividualtest | |
| HundsunSciencePark | 13,100.00 | Noimpairmentfoundbyindividualtest | |
| CloudyeeNetwork | 1,834.18 | Noimpairmentfoundbyindividualtest | |
| Sub-total | 20,764,389.05 |
Recognitioncriteriaanddescriptionofallowanceforbaddebtsmadeonacollectivebasis:
√Applicable□NotApplicable
| Item | Groupingbasis | Expectedcreditlosscalculationmethod |
| Accountsreceivable-groupedbyaging | Aging | Atableofagingofaccountsreceivableandlifetimeexpectedcreditlossratesisprepared,andtheexpectedcreditlossiscalculated,withreferencetohistoricalcreditlossexperience,inconsiderationofcurrentconditionsandexpectationsoffutureeconomicconditions. |
| Accountsreceivable-groupedbyrelatedpartytransactionsintheconsolidationscope | Nature | Theexpectedcreditlossiscalculated,withreferencetohistoricalcreditlossexperience,inconsiderationofcurrentconditionsandexpectationoffutureeconomicconditions,andbasedonthedefaultriskexposureandlifetimeexpectedcreditlossrate. |
Ifbaddebtreservesareaccruedaccordingtothegeneralmodelofexpectedcreditlosses,pleaserefertootherreceivablesfordisclosure:
□Applicable√NotApplicable
(3).Allowanceforbaddebts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Class | Openingbalance | Changeduringthecurrentperiod | Closingbalance | |||
| Provision | Recoveredorreversed | Write-offorcancellation | Otherchanges | |||
| Allowanceforbaddebtsmadeonanindividualbasis | 55,969,423.14 | 2,863,260.94 | 19,696,640.08 | 39,136,044.00 | ||
| Allowanceforbaddebtsmadeonacollectivebasis | 90,143,603.56 | 18,241,962.79 | 108,385,566.35 | |||
| Total | 146,113,026.70 | 21,105,223.73 | 19,696,640.08 | 147,521,610.35 | ||
Thesignificantamountofprovisionreversalandrecoveryofbaddebtsinthecurrentperiod:
□Applicable√NotApplicable
(4).Actualaccountsreceivablewrittenoffinthecurrentperiod
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Write-off |
| Actualaccountsreceivablewrittenoff | 19,696,640.08 |
Write-offofsignificantaccountreceivables
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Natureofaccountsreceivable | Write-off | Reasonforwrite-off | Write-offproceduresadopted | Fromrelatedpartytransactionsornot |
| HOMSsoftwaresalesreceivable | Softwaresalesreceivable | 19,696,640.08 | Expectedunrecoverable | Managementapproval | N |
| Total | / | 19,696,640.08 | / | / | / |
Notesonwrite-offofaccountsreceivable:
□Applicable√NotApplicable
(5).Topfiveaccountreceivablesaccordingtoclosingbalancesgroupedbythedebtor
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Proportioninthetotalclosingbalanceofaccountsreceivable(%) | Closingbalanceofallowanceforbaddebts |
| Customer1 | 16,879,363.15 | 2.39 | |
| Customer2 | 15,137,006.14 | 2.15 | 1,133,794.55 |
| Customer3 | 14,440,000.00 | 2.05 | 722,000.00 |
| Customer4 | 12,537,000.00 | 1.78 | 784,450.00 |
| Customer5 | 11,229,300.00 | 1.59 | 1,715,299.36 |
| Total | 70,222,669.29 | 9.96 | 4,355,543.91 |
(6).Accountsreceivablederecognizedduetothetransferoffinancialassets
□Applicable√NotApplicable
(7).Amountofassetsorliabilitiesduetothetransferofaccountsreceivableandcontinuinginvolvement
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
2.OtherreceivablesItem
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance |
| Interestreceivable | ||
| Dividendreceivables | ||
| Otherreceivables | 66,212,431.56 | 43,769,249.04 |
| Total | 66,212,431.56 | 43,769,249.04 |
Othernotes:
□Applicable√NotApplicableInterestreceivable
(1).Classificationofinterestreceivable
□Applicable√NotApplicable
(2).Significantoverdueinterest
□Applicable√NotApplicable
(3).Allowanceforbaddebts
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicableDividendreceivables
(4).Dividendreceivables
□Applicable√NotApplicable
(5).Significantdividendsreceivablewiththeagingover1year
□Applicable√NotApplicable
(6).Allowanceforbaddebts
□Applicable√NotApplicable
Othernotes:
□Applicable√NotApplicableOtherreceivables
(1)Disclosurebyaging
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Aging | Closingbookbalance |
| Within1year | |
| Including:Sub-itemswithin1year | |
| Sub-totalwithin1year | 49,611,148.79 |
| 1-2years | 13,805,551.77 |
| 2-3years | 4,116,883.34 |
| Over3years | 11,409,094.28 |
| Total | 78,942,678.18 |
(2).Classifiedbynatureofaccounts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Nature | Closingbookbalance | Openingbookbalance |
| Deposits | 24,757,254.20 | 18,738,342.14 |
| Currentpayments | 45,472,539.58 | 30,251,965.83 |
| Imprestfund | 8,584,754.80 | 8,565,300.79 |
| Others | 128,129.60 | |
| Total | 78,942,678.18 | 57,555,608.76 |
(3).Provisionforbaddebts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Allowanceforbaddebts | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditloss("ECL")overthenext12months | LifetimeECL(notcredit-impaired) | LifetimeECL(credit-impaired) | ||
| BalanceasofJanuary1,2021 | 720,892.16 | 196,848.34 | 12,868,619.22 | 13,786,359.72 |
| BalanceasofJanuary1,2021duringtheperiod | ||||
| -Transfertostage2 | -143,232.16 | 143,232.16 | ||
| -Transfertostage3 | -151,096.44 | 151,096.44 | ||
| -Reversetostage2 | ||||
| -Reversetostage1 | ||||
| Provisionintheperiod | 322,552.53 | 97,480.27 | -1,525,245.90 | -1,105,213.10 |
| Reversalintheperiod | -50,000.00 | -50,000.00 | ||
| Write-offintheperiod | ||||
| Cancellationintheperiod | 900.00 | 900.00 | ||
| Otherchanges | ||||
| BalanceasofDecember31,2021 | 900,212.53 | 286,464.33 | 11,543,569.76 | 12,730,246.62 |
Notesonsignificantchangesinthecarryingamountofotherreceivablesforwhichchangesintheallowanceforlossesoccurredduringthecurrentperiod:
□Applicable√NotApplicableAmountofallowanceforbaddebtsforthecurrentperiodandbasisforevaluatingwhetherthecreditriskoffinancialinstrumentsincreasessignificantly:
√Applicable□NotApplicable
Theexpectedcreditlossiscalculated,withreferencetohistoricalcreditlossexperience,inconsiderationofcurrentconditionsandexpectationoffutureeconomicconditions,andbasedonthedefaultriskexposureand12-monthorlifetimeexpectedcreditlossrate.
(4).Provisionforbaddebts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Class | Openingbalance | Changeduringthecurrentperiod | Closingbalance | |||
| Provision | Recoveredorreversed | Write-offorcancellation | Otherchanges | |||
| Allowanceforbaddebtsmadeonacollectivebasis | 13,786,359.72 | -1,105,213.10 | -50,000.00 | 900.00 | 12,730,246.62 | |
| Total | 13,786,359.72 | -1,105,213.10 | -50,000.00 | 900.00 | 12,730,246.62 | |
Thesignificanttransfersorreversalswithallowanceforbaddebtsduringthecurrentperiod:
□Applicable√NotApplicable
(5).Otherreceivablesactuallywrittenoffintheperiod
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Write-off |
| Otherreceivablesactuallywrittenoff | 900.00 |
Write-offofsignificantotherreceivables:
□Applicable√NotApplicableNotesonwrite-offofotherreceivables:
□Applicable√NotApplicable
(6).Topfiveotherreceivablesaccordingtoclosingbalancesgroupedbythedebtor
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Nature | Closingbalance | Aging | Proportioninthetotalclosingbalanceofotherreceivables(%) | AllowanceforbaddebtsClosingbalance |
| Customer1 | Currentpayments | 25,471,606.05 | Within1year | 32.27 | |
| Customer2 | Currentpayments | 7,553,210.36 | RMB507,676.41within1year;RMB7,045,533.95for1-2years | 9.57 | |
| Customer3 | Currentpayments | 5,174,895.12 | RMB4,627,971.30within1year;RMB546,923.82for | 6.56 |
| Item | Nature | Closingbalance | Aging | Proportioninthetotalclosingbalanceofotherreceivables(%) | AllowanceforbaddebtsClosingbalance |
| 2-3years | |||||
| Customer4 | Deposits | 7,771,000.00 | Over3years | 9.84 | 7,771,000.00 |
| Customer5 | Currentpayments | 2,848,870.95 | RMB2,413,434.85within1-2years;RMB435,436.10within2-3years | 3.61 | |
| Total | / | 48,819,582.48 | / | 61.85 | 7,771,000.00 |
(7).Receivablesinvolvinggovernmentgrants
□Applicable√NotApplicable
(8).Otherreceivablesderecognizedduetothetransferoffinancialassets
□Applicable√NotApplicable
(9).Amountofassetsorliabilitiesduetothetransferofotherreceivablesandcontinuinginvolvement
□Applicable√NotApplicableOthernotes:
□Applicable√NotApplicable
3.Long-termequityinvestments
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Closingbalance | Openingbalance | ||||
| Bookbalance | Impairmentprovision | Carryingvalue | Bookbalance | Impairmentprovision | Carryingvalue | |
| Investmentinsubsidiaries | 2,758,321,839.55 | 262,249,246.66 | 2,496,072,592.89 | 2,137,362,716.25 | 214,131,968.35 | 1,923,230,747.90 |
| Investmentinassociatesandjointventures | 839,073,663.56 | 104,190,614.26 | 734,883,049.30 | 599,654,805.95 | 103,180,614.26 | 496,474,191.69 |
| Total | 3,597,395,503.11 | 366,439,860.92 | 3,230,955,642.19 | 2,737,017,522.20 | 317,312,582.61 | 2,419,704,939.59 |
(1).Investmentsinsubsidiaries
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Investee | Openingbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Closingbalance | Provisionforimpairmentduringtheperiod | Closingbalanceofimpairmentprovision |
| CloudInvestment | 115,000,000.00 | 198,302.00 | 115,198,302.00 | |||
| WuxiHenghua | 15,814,000.00 | 15,814,000.00 | ||||
| DataSecurity | 10,383,589.00 | 10,383,589.00 | ||||
| JinruiSoftware | 30,180,000.00 | 20,221,551.20 | 50,401,551.20 | |||
| BeijingQiantang | 9,400,000.00 | 2,971,794.80 | 12,371,794.80 |
| ShanghaiYirui | 700,000.00 | 700,000.00 | ||||
| JapanHundsun | 2,960,123.04 | 2,960,123.04 | ||||
| ShanghaiLiming | 47,547,500.00 | 47,547,500.00 | 41,169,916.78 | 41,169,916.78 | ||
| ShanghaiGildata | 92,978,556.73 | 92,978,556.73 | ||||
| HangzhouYunhui | 20,000,000.00 | 20,000,000.00 | ||||
| CloudwingNetwork | 12,000,000.00 | 300,000,000.00 | 312,000,000.00 | |||
| SecuritiesInvestmentNetwork | 30,000,000.00 | 30,000,000.00 | 23,072,212.58 | |||
| CloudyeeNetwork | 27,000,000.00 | 1,788,820.80 | 28,788,820.80 | |||
| YunyongNetwork | 12,000,000.00 | 12,000,000.00 | ||||
| CloudbrokerNetwork | 36,967,500.00 | 6,292,513.60 | 43,260,013.60 | |||
| YunlianNetwork | 12,600,000.00 | 12,600,000.00 | 6,947,361.53 | 6,947,361.53 | ||
| ShanshangNetwork | 12,600,000.00 | 12,600,000.00 | 10,560,441.13 | |||
| WengineNetwork | 8,750,000.00 | 8,750,000.00 | ||||
| HangzhouYima | 10,000,000.00 | 88,894.00 | 10,088,894.00 | |||
| IntercontinentalHoldings | 53,194,000.00 | 53,194,000.00 | ||||
| GuangdongInstituteofFinance | 300,000.00 | 300,000.00 | ||||
| HangzhouXinglu | 150,000,000.00 | 87,974,610.49 | 62,025,389.51 | |||
| BusinessIntelligence(Hangzhou) | 67,083,948.28 | 67,083,948.28 | ||||
| HundsunInternationalTechnologies | 853,678,200.00 | 853,678,200.00 | 164,489,250.55 | |||
| HundsunHoldings | 154,790,717.70 | 154,790,717.70 | ||||
| ShengtianNetwork | 1,000,000.00 | 1,342,983.20 | 2,342,983.20 | |||
| ZhiguNetwork | 18,000,000.00 | 723,460.40 | 18,723,460.40 | 6,473,762.09 | ||
| JingtengNetwork | 60,000,000.00 | 2,104,736.40 | 62,104,736.40 | |||
| WuxiXinglu | 65,729,296.20 | 50,670,000.00 | 15,059,296.20 | |||
| IHSMarkit | 46,900,000.00 | 581,230.00 | 47,481,230.00 | |||
| HundsunSciencePark | 22,184,900.00 | 22,184,900.00 | ||||
| NanjingXingcheng | 132,000,000.00 | 48,000,000.00 | 180,000,000.00 | |||
| BusinessMatrix | 76,639,502.00 | 2,917,041.95 | 79,556,543.95 | 9,536,302.00 | ||
| ShanghaiGenus | 83,771,601.00 | 8,767,996.00 | 4,377,613.16 | 88,161,983.84 | ||
| XunchangWendao | 35,000,000.00 | 35,000,000.00 | ||||
| HundsuniBontal | 100,052,500.00 | 100,052,500.00 | ||||
| HundsunLirong | 180,000,000.00 | 180,000,000.00 | ||||
| ShanghaiDworld | 50,183,804.90 | 50,183,804.90 | ||||
| NanjingXingding | 27,955,000.00 | 27,955,000.00 | ||||
| Total | 2,137,362,716.25 | 943,981,346.95 | 323,022,223.65 | 2,758,321,839.55 | 48,117,278.31 | 262,249,246.66 |
(2).Investmentsinassociatesandjointventures
√Applicable□NotApplicable
Unit:10,000yuanCurrency:RMB
| Investor | Openingbalance | Changesinthecurrentperiod | Closingbalance | Closingbalanceofimpairmentprovision | |||||||
| Increaseininvestment | Decreaseininvestment | Investmentprofitorlossrecognizedbyequitymethod | Othercomprehensiveincomeadjustments | Otherchangesinequity | Cashdividendsandprofitsdeclared | Impairmentprovision | Others | ||||
| I.Jointventures | |||||||||||
Sub-total
| Sub-total | |||||||||||
| II.Associates | |||||||||||
| Ant(Hangzhou)FundsSalesCo.,Ltd. | 13,547.81 | 12,079.21 | 23.64 | 25,650.66 | |||||||
| HangzhouHundsunCenturyIndustryCo.,Ltd. | 3,981.77 | -427.61 | 3,554.16 | ||||||||
| ShenzhenTradeBlazerTechnologyCo.,Ltd. | 4,867.77 | 485.58 | 896.64 | 4,456.71 | 4,132.51 | ||||||
| HangzhouRongduScience&TechnologyCo.,Ltd. | 892.53 | -194.51 | 698.02 | 1,647.27 | |||||||
| ZhejiangSantanTechnologyCo.,Ltd. | 1,735.29 | -582.80 | 1,152.49 | ||||||||
| ZhejiangHundsunChangyunNetworkTechnologyCo.,Ltd. | 743.31 | 661.50 | 58.98 | -140.79 | |||||||
| HangzhouHundsunYuntaiNetworkTechnologyCo.,Ltd. | 3,288.42 | 3.70 | -2,226.06 | 1,135.21 | 0.58 | 2,194.45 | |||||
| GuangdongYuecaiInternetFinanceCo.,Ltd. | 460.86 | 10.44 | 471.30 | ||||||||
| BeijingHongtianRongdaInformationTechnologyCo.,Ltd. | 15.38 | -15.38 | 235.09 | ||||||||
| GoldenStateInvestment | 2,543.29 | 330.12 | 2,873.41 | ||||||||
| ServicesCo.,Ltd. | |||||||||||
| ShenzhenRicequantTechnologyCo.,Ltd. | 1,357.59 | 230.23 | -128.90 | 1,458.92 | 3,255.59 | ||||||
| FujianTradingMarketRegistrationandSettlementCenterCo.,Ltd. | 776.05 | -42.69 | 733.36 | ||||||||
| HundsunCloudFinancingNetworkTechnologyCo.,Ltd. | 361.50 | -673.47 | 1,253.53 | 941.56 | |||||||
| HangzhouFupuGongjinInvestmentPartnership(L.P.) | 2,332.02 | 410.62 | 2,742.64 | ||||||||
| HangzhouHISOMEDigitalEquipmentTechnologyCo.,Ltd. | 2,455.68 | 594.40 | 3,050.08 | ||||||||
| JiangxiLianjiaoyunRegistrationandSettlementCenterCo.,Ltd. | 116.97 | 38.21 | 155.18 | ||||||||
| GuangdongYuecaiNetSmallLoanMicrofinanceCo.,Ltd. | 2,178.81 | 16.79 | 2,195.60 | ||||||||
| ShanghaiLeanworkFinancialInformationServiceCo.,Ltd. | 742.15 | -23.31 | 17.64 | 101 | 635.48 | 1,148.60 | |||||
| HangzhouWanmingDigitalTechnologyCo.,Ltd. | 491.71 | -3.66 | 488.05 | ||||||||
| BeijingHezhiXingtuTechnologyCo.,Ltd. | 1,956.93 | -121.92 | 1,835.01 | ||||||||
| ShanghaiDworldAITechCo.,Ltd. | 42.23 | 5,000.00 | 5,100.00 | -23.85 | 81.62 | ||||||
| HanzhouEceyesInternetFinancialCo.,Ltd. | 2,421.89 | 132.07 | 19.29 | 2,573.25 | |||||||
| HangzhouNationalSoftwareIndustryBaseCo.,Ltd. | 270.99 | -39.03 | 231.96 | ||||||||
| ZhejiangInstituteofModernCapitalandIndustry | 2.91 | -0.02 | 2.89 |
| BeijingTongchuangYongyiTechnologyDevelopmentCo.,Ltd. | 1,572.15 | -205.14 | 17.01 | 1,384.02 | |||||||
| ShanghaiQianyunInformationTechnologyCo.,Ltd. | 491.40 | -26.39 | 465.01 | ||||||||
| Databaker(Beijing)TechnologyCo.,Ltd. | 562.50 | 2.04 | 564.54 | ||||||||
| ShanghaiYitongtouTechnologyCo.,Ltd. | 1,350.00 | -40.30 | 1.43 | 1,311.13 | |||||||
| NanjingPengxiEquityInvestmentCenter(L.P.) | 12,000.00 | -331.57 | 11,668.43 | ||||||||
| Sub-total | 49,647.41 | 19,142.73 | 5,765.20 | 9,051.85 | 2,467.75 | 896.64 | 101.00 | -58.59 | 73,488.31 | 10,419.06 | |
| Total | 49,647.41 | 19,142.73 | 5,765.20 | 9,051.85 | 2,467.75 | 896.64 | 101.00 | -58.59 | 73,488.31 | 10,419.06 |
Othernotes:
4.Revenueandcostofsales
(1).Revenueandcostofsales
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Principalbusinesses | 4,519,733,092.73 | 1,280,745,652.91 | 3,466,445,741.88 | 804,119,886.50 |
| Otherbusinesses | 20,680,988.09 | 447,250.64 | 13,278,818.68 | 262,023.49 |
| Total | 4,540,414,080.82 | 1,281,192,903.55 | 3,479,724,560.56 | 804,381,909.99 |
(2).Revenuefromcontracts
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Classificationofcontract | Reportingsegment | Total |
| Bytypeofproduct | ||
| Software | 4,536,895,384.85 | 4,536,895,384.85 |
| Byoperatingregions | ||
| MainlandChina | 4,536,895,384.85 | 4,536,895,384.85 |
| Bytimeoftransferofgoods | ||
| Revenuerecognizedatacertaintimepoint | 3,291,396,060.38 | 3,291,396,060.38 |
| Revenuerecognizedwithinacertainperiodoftime | 1,245,499,324.47 | 1,245,499,324.47 |
| Total | 4,536,895,384.85 | 4,536,895,384.85 |
[Note44]Excludingleaseincome.Breakdownofrevenuefromcontracts:
□Applicable√NotApplicable
(3).Contractperformanceobligations
√Applicable□NotApplicable
TheCompany'srevenuemainlycomesfromsalesofself-madeandcustomizedsoftware,softwareservicesandoutsourcedgoods.Salesofself-madeandcustomizedsoftwareandoutsourcedgoodsareperformanceobligationstobeperformedatacertaintimepoint,andtherevenueshallberecognizedwhentheproductsaredeliveredtothecustomerandthecustomerobtainscontroloftheproducts.Salesofsoftwareservicesareperformanceobligationstobeperformedwithinacertaintimeperiodandtherevenueshallberecognizedinaccordancewiththeperformanceprogress.
(4).Apportionmenttoremainingperformanceobligations
□Applicable√NotApplicableOthernotes:
TherevenuerecognizedintheopeningcarryingvalueofcontractliabilitiesduringthecurrentperiodwasRMB1,878,230,377.70.
5.Investmentincome
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Incomefromlong-termequityinvestmentscalculatedbythecostmethod | 60,497,500.00 | 105,463,000.00 |
| Incomefromlong-termequityinvestmentscalculatedbytheequitymethod | 90,518,351.65 | 10,437,512.44 |
| Investmentincomefromthedisposaloflong-termequityinvestments | 20,732,708.91 | 6,394,004.09 |
| Investmentincomefromholdingheld-for-tradingfinancialassets | 56,045,308.23 | 80,343,339.95 |
| Investmentincomefromdisposalofheld-for-tradingfinancialassets | 37,710,964.56 | 119,952,215.38 |
| Total | 265,504,833.35 | 322,590,071.86 |
6.Others
√Applicable□NotApplicableR&Dexpenses
Unit:YuanCurrency:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| Employeecompensation | 1,432,390,117.14 | 1,029,032,004.50 |
| Share-basedpayment | 48,176,369.19 | 1,216,497.17 |
| Technologydevelopmentcosts | 187,488,105.20 | 123,332,415.56 |
| Communicationexpenses | 54,732,886.58 | 42,893,154.15 |
| Travelexpenses | 51,359,608.68 | 41,229,420.10 |
| Depreciationandamortization | 27,768,520.46 | 18,786,141.12 |
| Vehicleexpenses | 4,249,187.86 | 3,411,206.56 |
| Officeexpenses | 4,522,430.16 | 2,144,858.76 |
| Intermediaryfees | 657,361.05 | 699,412.77 |
| Businessexpenses | 297,150.23 | 101,875.71 |
| Total | 1,811,641,736.55 | 1,262,846,986.40 |
XVIII.SUPPLEMENTARYINFORMATION
1.Breakdownofcurrentnon-recurringprofitorloss
√Applicable□NotApplicable
Unit:YuanCurrency:RMB
| Item | Amount | . |
| Profitorlossfromdisposalofnon-currentassets | 38,436,050.92 | MainlyrepresentedtheinvestmentincomefromthetransferofsharesofHundSunChangYunandthefairvaluerecognitionoftheremainingsharesofDworldAI |
| Governmentgrantschargedtothecurrentprofitorloss(otherthanthosecloselyrelatedtocorporatebusinessandgrantedbasedonafixedamountorafixedquantityunifiedbythestate) | 57,355,855.21 | Mainlyrepresentedthegovernmentgrantsforspecialprojects |
| ProfitorlossfromchangesinthefairvaluegeneratedfromtheCompany'sheld-for-tradingandderivativefinancialassets,andheld-for-tradingandderivativefinancialliabilities,andinvestmentincomefromthedisposalofheld-for-tradingandderivativefinancial | 489,548,525.78 | MainlyrepresentedtheprofitandlossfromthechangesinthefairvaluegeneratedfromtheCompany'sheld-for-tradingfinancialassets,andthe |
| Item | Amount | . |
| assets,held-for-tradingandderivativefinancialliabilities,andotherdebtinvestments,exceptforeffectivehedgingbusinessrelatedtotheCompany'snormalbusiness | investmentincomefromthedisposaloftheheld-for-tradingfinancialassets | |
| Othernon-operatingincomeandexpensesotherthantheabove | -770,038.19 | |
| Less:Effectonincometax | 56,393,147.86 | |
| Effectonminorityinterests | 11,207,988.27 | |
| Total | 516,969,257.59 |
ReasonsshallbegivenwithrespecttotheCompanyclassifyingthenon-recurringprofitandlossitemsdefinedandlistedintheExplanatoryNoticeonInformationDisclosureofCompanieswithPublicOfferingNo.1-Non-recurringProfitandLossasrecurringprofitandlossitems.
□Applicable√NotApplicable
2.Returnonnetassetsandearningspershare
√Applicable□NotApplicable
| ProfitduringtheReportingPeriod | WeightedaverageROE(%) | Earningspershare | |
| BasicEPS | DilutedEPS | ||
| NetprofitattributabletoordinaryshareholdersoftheCompany | 30.11 | 1.01 | 1.01 |
| NetprofitattributabletoordinaryshareholdersoftheCompanynetofnon-recurringprofitsandlosses | 19.47 | 0.65 | 0.65 |
3.Differencesinaccountingdatabetweendomesticandoverseasaccountingstandards
□Applicable√NotApplicable
4.Others
√Applicable□NotApplicable
1.CalculationofweightedaverageROE
| Item | S/N | Duringtheperiod | |
| NetprofitattributabletoordinaryshareholdersoftheCompany | A | 1,463,538,930.14 | |
| Non-recurringprofitandloss | B | 516,969,257.59 | |
| Netprofitattributabletoshareholdersofordinarysharesnetofnon-recurringprofitorloss | C=A-B | 946,569,672.55 | |
| OpeningnetassetsattributabletoshareholdersofordinarysharesoftheCompany | D | 4,553,732,993.32 | |
| NetassetsattributabletoshareholdersofordinarysharesoftheCompanyincreasedduetoofferingofnewsharesorconversionofdebtsintoshares | E | ||
| Numberofmonthsfromthenextmonthfollowingtheincreaseuptotheendofthereportingperiod | F | ||
| NetassetsattributabletoshareholdersofordinarysharesoftheCompanydecreasedduetosharerepurchaseorreducedcashdividends | G | 104,367,431.40 | |
| Numberofmonthsfromthemonthfollowingthedecreaseinnetassetsuptotheendofthereportingperiod | H | 5 | |
| Others | Otherchangesinowners'equityarisingfromassociatesotherthannetprofitorlossandprofitdistribution | I1 | 18,417,249.85 |
| Numberofmonthsfromthemonthfollowingtheincreaseordecreaseinnetassetsuptotheendofthereportingperiod | J1 | 6 | |
| Others-OtherchangesheldbyCompany’sshareholdingplatformintheownershipinterestsofsubsidiarieswithinthescopeoftheCompany’sconsolidationfortheperiodotherthannetprofitorlossandprofitdistribution | I2 | 1,416,643.83 | |
| Item | S/N | Duringtheperiod | |
| Numberofmonthsfromthemonthfollowingtheincreaseordecreaseinnetassetsuptotheendofthereportingperiod | J2 | 6 | |
| Others-Othercomprehensiveincomeandotherchangesinowner'sequityrelatedtotheoriginallyheldequitybeforethepurchasedatetransferredintoinvestmentincome | I3 | -2,565,362.09 | |
| Numberofmonthsfromthemonthfollowingtheincreaseordecreaseinnetassetsuptotheendofthereportingperiod | J3 | 7 | |
| Other-Changesinowner'sequityarisingfromshare-basedpayments | I4 | 108,678,977.25 | |
| Numberofmonthsfromthemonthfollowingtheincreaseordecreaseinnetassetsuptotheendofthereportingperiod | J4 | 5、6 | |
| Other-SharerepurchaseundertheEmployeeStockOwnershipScheme | I5 | -682,524,351.40 | |
| Numberofmonthsfromthemonthfollowingtheincreaseordecreaseinnetassetsuptotheendofthereportingperiod | J5 | 9、10、11 | |
| Others-ContributionsbyemployeesundertheEmployeeStockOwnershipScheme | J6 | 361,621,876.00 | |
| Numberofmonthsfromthemonthfollowingtheincreaseordecreaseinnetassetsuptotheendofthereportingperiod | I6 | 5 | |
| Others-Changesarisingfromchangesinowners'equitysharesofsubsidiariesbutstillcontrollingsubsidiaries | J6 | -11,498,903.95 | |
| Numberofmonthsfromthemonthfollowingtheincreaseordecreaseinnetassetsuptotheendofthereportingperiod | I7 | 3、5、7 | |
| Others-Changesinthefairvalueofotherdebtinvestments | J7 | -25,707.87 | |
| Numberofmonthsfromthemonthfollowingtheincreaseordecreaseinnetassetsuptotheendofthereportingperiod | I8 | 6 | |
| Including:Foreigncurrencytranslationdifferenceinthestatements | I9 | -11,393,862.64 | |
| Numberofmonthsfromthemonthfollowingtheincreaseordecreaseinnetassetsuptotheendofthereportingperiod | J9 | 6 | |
| NumberofmonthsduringtheReportingPeriod | K | 12 | |
| Weightedaveragenetassets | L=D+A/2+E×F/K-G×H/K±I×J/K | 4,861,181,855.45 | |
| WeightedaverageROE | M=A/L | 30.11% | |
| WeightedaverageROEnetofnon-recurringprofitandloss | N=C/L | 19.47% | |
2.Calculationofbasicearningspershareanddilutedearningspershare
(1)Calculationofbasicearningspershare
| Item | S/N | Duringtheperiod |
| NetprofitattributabletoordinaryshareholdersoftheCompany | A | 1,463,538,930.14 |
| Non-recurringprofitandloss | B | 516,969,257.59 |
| Netprofitattributabletoshareholdersofordinarysharesnetofnon-recurringprofitorloss | C=A-B | 946,569,672.55 |
| Totalnumberofsharesatthebeginningoftheperiod | D | 1,044,090,754.00 |
| Numberofsharesincreasedduetothecapitalizationofcapitalreservesorthedistributionofsharesanddividends | E | 417,469,725.60 |
| Numberofsharesincreasedduetonewsharesissuanceorconversionofdebttocapital | F | |
| NumberofmonthsfromthemonthfollowingtheincreaseofsharestotheendoftheReportingPeriod | G | |
| Decreaseinthenumberofsharesduetorepurchase | H | 7,190,295.00 |
| NumberofmonthsfromthemonthfollowingtheincreaseinsharesuptotheendoftheReportingPeriod | I | 9,10,11 |
| DecreaseinthenumberofsharesduringtheReportingPeriod | J | |
| NumberofmonthsduringtheReportingPeriod | K | 12 |
| Weightedaveragenumberofoutstandingordinaryshares | L=D+E+F×G/K-H×I/K-J | 1,455,437,146.93 |
| BasicEPS | M=A/L | 1.01 |
| Basicearningspersharenetofnon-recurringprofitandloss | N=C/L | 0.65 |
(2)CalculationofdilutedearningspershareThecalculationofdilutedearningspershareisthesameasthatofbasicearningspershare.
Chairman:PengZhenggangSubmissiondateforapprovaloftheBoard:March29,2022
RevisionInformation
□Applicable√NotApplicable