Konka Group Co., Ltd. Third Quarterly Report 2024
Stock Code: 000016, 200016 Stock Name: Konka Group-A, Konka Group-B Announcement No. 2024-64
Bond Code: 149987, 133306 Bond Name: 22 Konka 01, 22 Konka 03
133333, 133759 22 Konka 05, 24 Konka 01
133782, 133783 24 Konka 02, 24 Konka 03
KONKA GROUP CO., LTD.
THIRD QUARTERLY REPORT 2024
Konka Group Co., Ltd. (hereinafter referred to as the “Company”) and all the members o f the
Company’s Board of Directors hereby guarantee that the contents of this Report are true, accurate
and complete and free of any misrepresentations, misleading statements or material omissions.
Important Notes:
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,
supervisors and senior management of the Company hereby guarantee that the contents of this
Report are true, accurate and complete and free of any misrepresentations, misleading statements
or material omissions, and collectively and individually accept legal responsibility for such
contents.
2. The Company’s legal representative, Chief Financial Officer (CFO), and head of the financial
department (equivalent to financial manager) hereby guarantee that the financial statements
carried in this Report are factual, accurate and complete.
3. Indicate by tick mark whether the financial statements in this Report have been audited by an
independent auditor.
□Yes √ No
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□Yes √ No
YoY change
Q3 2024 Q1-Q3 2024 YoY change (%)
(%)
Operating revenue (RM B) 2,707,452,109.09 -38.53% 8,119,982,481.56 -45.42%
Net profit attributable to the listed
-518,498,087.73 0.60% -1,606,079,930.28 -124.67%
company’s shareholders (RM B)
Net profit attributable to the listed
company’s shareholders before -614,340,480.96 -26.37% -1,717,419,091.68 -24.65%
exceptional gains and losses (RM B)
Net cash generated from/used in
— — -390,967,445.57 -21.25%
operating activities (RM B)
Basic earnings per share (RM B/share) -0.2153 0.60% -0.6670 -124.65%
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Konka Group Co., Ltd. Third Quarterly Report 2024
Diluted earnings per share (RM B/share) -0.2153 0.60% -0.6670 -124.65%
Weighted average return on equity (%) -10.71% -3.61% -33.23% -23.50%
30 September 2024 31 December 2023 Change (%)
Total assets (RM B) 32,531,256,517.25 35,824,818,212.66 -9.19%
Equity attributable to the listed
4,042,567,093.80 5,644,401,184.65 -28.38%
company’s shareholders (RM B)
(II) Exceptional Gains and Losses
√ Applicable □ Not applicable
Unit: RM B
Item Q3 2024 Q1-Q3 2024 Note
Gain or loss on disposal of non-current assets (inclusive of 92,654,816.84 93,492,190.52
impairment allowance write-offs)
Government grants recognised in profit or loss (exclusive of those
that are closely related to the Company's normal business
operations and given in accordance with defined criteria and in 22,678,686.74 77,850,290.37
compliance with government policies, and have a continuing
impact on the Company's profit or loss)
Gain or loss on fair-value changes in financial assets and
liabilities held by a non-financial enterprise, as well as on
disposal of financial assets and liabilities (exclusive of the 10,784,450.11 -155,134,743.01
effective portion of hedges that is related to the Company's
normal business operations)
Gain/loss on entrustment loans 30,496,357.46 93,651,218.50
Gain/loss from debt restructuring -38,798.22 -38,798.22
Other non-operating income and expense other than the above -10,827,074.93 1,005,056.73
Other items that meet the definition of exceptional gain/loss -877,012.92 29,123,697.75
Less: Income tax effects 42,790,050.81 12,899,210.61
Non-controlling interests effects (after tax) 6,238,981.04 15,710,540.63
Total 95,842,393.23 111,339,161.40 --
Other items that meet the definition of exceptional gain/loss:
√ Applicable □ Not applicable
Amount
Item Reason
involved (RM B)
In M arch 2024, a majority -owned subsidiary of the Company in Dalian
entered bankruptcy liquidation procedures according to the court judgment,
Reversal of previously and the bankruptcy liquidation administrator appointed by the court took
31,971,388.49
recognized excess losses over the relevant materials and physical objects. The Company no longer
controlled the company and thus reversed the portion of excess losses
recognized previously.
Income from the
derecognition of financial -2,847,690.74 Income from the derecognition of notes receivable
assets at amortized cost
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their
Securities to the Public—Exceptional Gain/Loss Items:
√ Applicable □ Not applicable
Amount involved
Item Reason
(RM B)
Tax rebates on Government subsidies given in the Company’s ordinary course of business at fixed
2,746,381.55
software quotas or amounts as per government’s uniform standards
(III) Changes in Key Financial Statement Line Items and Explanation
√ Applicable □ Not applicable
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Konka Group Co., Ltd. Third Quarterly Report 2024
Unit: RM B
Percentage
Item 30 September 2024 1 January 2024 M ain reason for change
of change
Trading financial Change in fair value of trading financial assets
302,697,001.89 469,636,700.78 -35.55%
assets held by the Company during Q1-Q3 2024
Receivables financing 104,820,587.75 173,396,326.14 -39.55% Decreased notes receivable that were endorsed or
discounted during Q1-Q3 2024
Taxes payable 87,934,856.08 214,417,135.87 -58.99% Payment of taxes during Q1-Q3 2024
Employee benefits 182,744,111.78 304,733,103.63 -40.03% Payment of employee benefits during Q1-Q3
payable 2024
Percentage
Item Q1-Q3 2024 Q1-Q3 2023 M ain reason for change
of change
YoY decrease in revenue scale, due to that the
Company adjusted and optimized non-core
Operating revenue 8,119,982,481.56 14,876,693,170.75 -45.42%
business with weak synergy with the main
business during Q1-Q3 2024
There was a large investment income in the same
period of last year due to the change in the
accounting method of some of the Company’s
interest in a joint stock company, but there was
Net profit attributable no such thing during Q1-Q3 2024. However, the
to the listed
-1,606,079,930.28 -714,870,927.30 -124.67% Company improved its gross profit amount year-
company’s
on-year after deducting the period expenses by
shareholders
reducing costs and controlling expenses. In
addition, the net profit attributable to the listed
company’s shareholders improved year-on-year
in the Reporting Period.
Decrease in exchange gain due to exchange rate
Finance costs 470,596,320.65 360,849,912.60 30.41%
fluctuation during Q1-Q3 2024
Decrease in government grants received during
Other income 80,596,671.92 176,081,823.18 -54.23%
Q1-Q3 2024
There was a large investment income in the same
period of last year due to the change in the
Return on investment 53,009,363.00 775,916,021.84 -93.17% accounting method of some of the Company’s
interest in a joint stock company, but there was
no such thing during Q1-Q3 2024
YoY decrease in both proceeds from sale of
Net cash generated
commodities and rendering of services and cash
from/used in -390,967,445.57 -322,441,824.76 -21.25%
paid by the Company for purchasing goods and
operating activities receiving labor services during Q1-Q3 2024
Net cash generated Decreased total investment amount during Q1-Q3
from/used in investing -382,182,109.74 -64,712,448.47 -490.59%
2024
activities
Net cash generated
YoY increase in repayment of borrowings during
from/used in -2,088,444,824.07 250,756,759.78 -932.86%
Q1-Q3 2024
financing activities
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Share holders with Resumed Voting
Rights as well as Holdings of Top 10 Shareholders
Unit: share
Number of preference shareholders with resumed voting
Number of ordinary shareholders 95,081 0
rights (if any)
Top 10 shareholders
Shareholdi Restricted Shares in pledge,
Nature of Total shares
Name of shareholder ng shares marked or frozen
shareholder held
percentage held Status Shares
OVERSEAS CHINESE TOWN State-owned legal
HOLDINGS COM PANY person 21.75% 523,746,932 0
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Konka Group Co., Ltd. Third Quarterly Report 2024
CITIC SECURITIES
BROKERAGE (HONG KONG) Foreign legal person 7.48% 180,001,110 0
CO., LTD.
GUOYUAN SECURITIES
Foreign legal person 2.50% 60,130,843 0
BROKER (HK) CO., LTD.
HOLY TIM E GROUP LIM ITED Foreign legal person 2.38% 57,289,100 0
HONG KONG SECURITIES
Foreign legal person 1.02% 24,641,490 0
CLEARING COM PANY LTD.
Domestic natural
ZHANG SUFEN 0.85% 20,430,000 0
person
Domestic natural
WANG JINGFENG 0.84% 20,314,300 0
person
Foreign natural
NAM NGAI 0.83% 20,000,000 0
person
CHINA M ERCHANTS State-owned legal
SECURITIES (HK) LIM ITED person 0.81% 19,386,220 0
BOCOM INTERNATIONAL
Foreign legal person 0.69% 16,496,000 0
SECURITIES LIM ITED
Top 10 unrestricted shareholders
Unrestricted ordinary Shares by class and number
Name of shareholder
shares held Class Shares
OVERSEAS CHINESE TOWN HOLDINGS
COM PANY 523,746,932 RM B-denominated ordinary share 523,746,932
CITIC SECURITIES BROKERAGE (HONG
KONG) CO., LTD. 180,001,110 Domestically listed foreign share 180,001,110
GUOYUAN SECURITIES BROKER (HK)
CO., LTD. 60,130,843 Domestically listed foreign share 60,130,843
HOLY TIM E GROUP LIM ITED 57,289,100 Domestically listed foreign share 57,289,100
HONG KONG SECURITIES CLEARING
24,641,490 RM B-denominated ordinary share 24,641,490
COM PANY LTD.
ZHANG SUFEN 20,430,000 RM B-denominated ordinary share 20,430,000
WANG JINGFENG 20,314,300 RM B-denominated ordinary share 20,314,300
NAM NGAI 20,000,000 Domestically listed foreign share 20,000,000
CHINA M ERCHANTS SECURITIES (HK)
LIM ITED 19,386,220 Domestically listed foreign share 19,386,220
BOCOM INTERNATIONAL SECURITIES
LIM ITED 16,496,000 Domestically listed foreign share 16,496,000
Happy Bloom Investment Limited, a wholly -owned subsidiary of the Company’s first
majority shareholder Overseas Chinese Town Holdings Company (“OCT Group” for
short), holds 180,001,110 and 18,360,000 ordinary shares in the Company
Related or acting-in-concert parties respectively through CITIC Securities Brokerage (Hong Kong) Co., Ltd. and China
among shareholders above M erchants Securities (HK) Limited. Happy Bloom Investment Limited and Overseas
Chinese Town Holdings Company are parties acting in concert. Other than that, it is
unknown whether the other shareholders are related parties or acting-in-concert parties
or not.
Top 10 ordinary shareholders involved Wang Jingfeng holds 20,000,000 A-shares in the Company through his securities
in securities margin trading (if any) account for customer credit trading guarantee in Guotai Junan Securities Co., Ltd.
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in
refinancing shares lending
□ Applicable √ Not applicable
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares
lending/return compared with the prior period
□ Applicable √ Not applicable
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
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Konka Group Co., Ltd. Third Quarterly Report 2024
III Other Significant Events
√ Applicable □ Not applicable
Offering of corporate bonds: The non-public offering of corporate bonds not exceeding RMB2.4
billion for professional investors has been approved by the Company’s shareholders’ general
meeting on 26 September 2024, and the relevant matters are being pushed forward as planned.
IV Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Konka Group Co., Ltd.
30 September 2024 Unit: RM B
Item 30 September 2024 1 January 2024
Current assets:
M onetary assets 4,002,128,188.62 6,506,359,577.02
Settlement reserve
Loans to other banks and financial institutions
Held-for-trading financial assets 302,697,001.89 469,636,700.78
Derivative financial assets
Notes receivable 463,833,166.71 533,171,949.15
Accounts receivable 1,644,986,511.34 1,726,545,973.08
Receivables financing 104,820,587.75 173,396,326.14
Prepayments 173,344,673.53 165,454,311.51
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables 900,361,063.75 989,121,067.51
Including: Interest receivable 10,026,045.96 6,681,258.01
Dividends receivable 941,482.38
Financial assets purchased under resale agreements
Inventories 3,025,234,884.64 3,249,897,700.98
Including: Data resource
Contract assets 2,810,947.83 2,190,385.93
Assets held for sale
Current portion of non-current assets
Other current assets 2,386,021,501.78 2,359,159,468.75
Total current assets 13,006,238,527.84 16,174,933,460.85
Non-current assets:
Loans and advances to customers
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 5,400,358,940.21 5,566,483,863.29
Investments in other equity instruments 16,114,932.00 23,841,337.16
Other non-current financial assets 1,990,333,131.26 2,009,676,398.00
Investment property 1,694,910,608.86 1,470,226,723.87
Fixed assets 5,060,171,589.54 5,218,297,745.16
Construction in progress 905,099,016.02 860,899,498.68
Productive living assets
Oil and gas assets
Right-of-use assets 182,391,971.20 197,054,423.17
Intangible assets 1,030,232,577.04 1,087,386,015.34
Including: Data resource
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Konka Group Co., Ltd. Third Quarterly Report 2024
Development costs
Including: Data resource
Goodwill 22,196,735.11 22,196,735.11
Long-term prepaid expense 469,248,742.83 518,919,223.71
Deferred income tax assets 1,442,112,074.57 1,426,573,982.16
Other non-current assets 1,311,847,670.77 1,248,328,806.16
Total non-current assets 19,525,017,989.41 19,649,884,751.81
Total assets 32,531,256,517.25 35,824,818,212.66
Current liabilities:
Short-term borrowings 5,951,258,924.75 6,390,592,056.27
Borrowings from the central bank
Loans from other banks and financial institutions
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 1,020,570,952.92 990,482,927.20
Accounts payable 2,717,886,964.48 2,726,831,675.97
Advances from customers 413,822.62
Contract liabilities 564,065,934.44 527,975,160.12
Financial assets sold under repurchase agreements
Customer deposits and deposits from other banks and financial
institutions
Payables for acting trading of securities
Payables for underwriting of securities
Employee benefits payable 182,744,111.78 304,733,103.63
Taxes and levies payable 87,934,856.08 214,417,135.87
Other payables 1,768,063,618.54 1,922,791,905.14
Including: Interest payable
Dividends payable
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with assets held for sale
Current portion of non-current liabilities 5,362,974,274.39 5,314,147,396.36
Other current liabilities 54,417,867.33 54,330,715.75
Total current liabilities 17,710,331,327.33 18,446,302,076.31
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 6,382,175,935.75 7,779,150,079.88
Bonds payable 2,972,763,618.49 2,426,992,578.67
Including: Preference shares
Perpetual bonds
Lease liabilities 158,068,624.66 160,218,818.92
Long-term payables 5,518,154.61 6,135,734.07
Long-term employee benefits payable 4,634,202.37 4,718,466.37
Provisions 307,335,340.91 304,519,839.80
Deferred income 403,592,195.30 425,135,237.90
Deferred income tax liabilities 137,684,552.95 185,026,165.27
Other non-current liabilities 205,345,128.41 179,996,351.33
Total non-current liabilities 10,577,117,753.45 11,471,893,272.21
Total liabilities 28,287,449,080.78 29,918,195,348.52
Owners’ equity:
Share capital 2,407,945,408.00 2,407,945,408.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves 501,575,058.97 526,499,506.76
Less: Treasury stock
Other comprehensive income -11,741,805.91 -13,443,558.44
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Konka Group Co., Ltd. Third Quarterly Report 2024
Specific reserve 8,606,228.09 4,657,488.24
Surplus reserves 1,244,180,364.24 1,244,180,364.24
General reserve
Retained earnings -107,998,159.59 1,474,561,975.85
Total equity attributable to owners of the Company as the parent 4,042,567,093.80 5,644,401,184.65
Non-controlling interests 201,240,342.67 262,221,679.49
Total owners’ equity 4,243,807,436.47 5,906,622,864.14
Total liabilities and owners’ equity 32,531,256,517.25 35,824,818,212.66
Legal representative: Cao Shiping CFO: Nie Yong Head of the financial department: Ping Heng
2. Consolidated Income Statement for Q1~Q3
Unit: RM B
Item Q1~Q3 2024 Q1~Q3 2023
1. Revenues 8,119,982,481.56 14,876,693,170.75
Including: Operating revenue 8,119,982,481.56 14,876,693,170.75
Interest income
Insurance premium income
Fee and commission income
2. Costs and expenses 9,691,080,755.04 16,519,196,501.28
Including: Cost of sales 7,611,182,960.89 14,318,015,493.73
Interest expense
Fee and commission expense
Surrenders
Net insurance claims paid
Net amount provided as insurance contract reserve
Expenditure on policy dividends
Reinsurance premium expense
Taxes and levies 94,216,250.62 67,933,156.53
Selling expense 717,269,130.66 853,292,416.89
Administrative expense 485,465,820.96 562,127,977.91
R&D expense 312,350,271.26 356,977,543.62
Finance costs 470,596,320.65 360,849,912.60
Including: Interest expense 607,038,380.33 650,797,948.91
Interest income 167,646,029.32 202,850,169.71
Add: Other income 80,596,671.92 176,081,823.18
Return on investment (“-” for loss) 53,009,363.00 775,916,021.84
Including: Share of profit or loss of joint ventures
-66,255,687.00 -51,151,076.04
and associates
Income from the derecognition of -2,346,459.55
financial assets at amortized cost (“-” for loss)
Exchange gain (“-” for loss)
Net gain on exposure hedges (“-” for loss)
Gain on changes in fair value (“-” for loss) -172,040,731.18 -191,419,983.75
Credit impairment loss (“-” for loss) -162,143,534.99 -142,532,702.78
Asset impairment loss (“-” for loss) -110,628,687.21 -16,583,397.71
Asset disposal income (“-” for loss) 23,233,859.57 -15,911,644.20
3. Operating profit (“-” for loss) -1,859,071,332.37 -1,056,953,213.95
Add: Non-operating income 27,060,090.72 23,007,144.67
Less: Non-operating expense 29,070,862.22 12,873,372.03
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Konka Group Co., Ltd. Third Quarterly Report 2024
4. Gross profit (“-” for loss) -1,861,082,103.87 -1,046,819,441.31
Less: Income tax expense 4,385,185.92 -151,286,064.19
5. Net profit (“-” for net loss) -1,865,467,289.79 -895,533,377.12
5.1 By operating continuity
5.1.1 Net profit from continuing operations (“-” for net loss) -1,865,467,289.79 -895,533,377.12
5.1.2 Net profit from discontinued operations (“-” for net
loss)
5.2 By ownership
5.2.1 Net profit attributable to shareholders of the Company as
-1,606,079,930.28 -714,870,927.30
the parent (“-” for net loss)
5.2.2 Net profit attributable to non-controlling interests (“-” for -259,387,359.51 -180,662,449.82
net loss)
6. Other comprehensive income, net of tax 4,005,816.95 -3,200,691.35
Attributable to owners of the Company as the parent 1,701,752.53 -697,499.80
6.1 Items that will not be reclassified to profit or loss
6.1.1 Changes caused by remeasurements on defined benefit
schemes
6.1.2 Other comprehensive income that will not be
reclassified to profit or loss under the equity method
6.1.3 Changes in the fair value of investments in other
equity instruments
6.1.4 Changes in the fair value arising from changes in own
credit risk
6.1.5 Other
6.2 Items that will be reclassified to profit or loss 1,701,752.53 -697,499.80
6.2.1 Other comprehensive income that will be reclassified
-83,030.05 -209,777.61
to profit or loss under the equity method
6.2.2 Changes in the fair value of other debt investments
6.2.3 Other comprehensive income arising from the
reclassification of financial assets
6.2.4 Credit impairment allowance for other debt
investments
6.2.5 Reserve for cash flow hedges
6.2.6 Differences arising from the translation of foreign 1,784,782.58 -487,722.19
currency-denominated financial statements
6.2.7 Other
Attributable to non-controlling interests 2,304,064.42 -2,503,191.55
7. Total comprehensive income -1,861,461,472.84 -898,734,068.47
7.1 Attributable to owners of the Company as the parent -1,604,378,177.75 -715,568,427.10
7.2 Attributable to non-controlling interests -257,083,295.09 -183,165,641.37
8. Earnings per share
8.1 Basic earnings per share -0.6670 -0.2969
8.2 Diluted earnings per share -0.6670 -0.2969
Legal representative: Cao Shiping CFO: Nie Yong Head of the financial department: Ping Heng
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RM B
Item Q1~Q3 2024 Q1~Q3 2023
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services 7,012,364,286.35 14,031,821,909.50
Net increase in customer deposits and deposits from other banks
and financial institutions
Net increase in borrowings from the central bank
Net increase in loans from other financial institutions
Premiums received on original insurance contracts
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Konka Group Co., Ltd. Third Quarterly Report 2024
Net proceeds from reinsurance
Net increase in deposits and investments of policy holders
Interest, fees and commissions received
Net increase in loans from other banks and financial institutions
Net increase in proceeds from repurchase transactions
Net proceeds from acting trading of securities
Tax and levy rebates 159,830,576.59 168,724,402.85
Cash generated from other operating activities 332,745,670.88 865,953,981.35
Subtotal of cash generated from operating activities 7,504,940,533.82 15,066,500,293.70
Payments for commodities and services 5,579,503,670.18 12,657,096,771.12
Net increase in loans and advances to customers
Net increase in deposits in the central bank and other banks and
financial institutions
Payments for claims on original insurance contracts
Net increase in loans to other banks and financial institutions
Interest, fees and commissions paid
Policy dividends paid
Cash paid to and for employees 1,213,601,518.95 1,356,531,982.05
Taxes and levies paid 337,670,215.96 361,381,640.24
Cash used in other operating activities 765,132,574.30 1,013,931,725.05
Subtotal of cash used in operating activities 7,895,907,979.39 15,388,942,118.46
Net cash generated from/used in operating activities -390,967,445.57 -322,441,824.76
2. Cash flows from investing activities:
Proceeds from disinvestment 182,730,311.90 1,120,024,435.49
Return on investment 33,321,018.13 105,809,502.45
Net proceeds from the disposal of fixed assets, intangible assets
34,677,780.83 6,336,467.50
and other long-lived assets
Net proceeds from the disposal of subsidiaries and other 18,818,889.67
business units
Cash generated from other investing activities 20,931,669.61 568,418,046.33
Subtotal of cash generated from investing activities 271,660,780.47 1,819,407,341.44
Payments for the acquisition of fixed assets, intangible assets
518,815,489.21 1,369,507,381.23
and other long-lived assets
Payments for investments 1,400,000.00 6,000,000.00
Net increase in pledged loans granted
Net payments for the acquisition of subsidiaries and other
business units
Cash used in other investing activities 133,627,401.00 508,612,408.68
Subtotal of cash used in investing activities 653,842,890.21 1,884,119,789.91
Net cash generated from/used in investing activities -382,182,109.74 -64,712,448.47
3. Cash flows from financing activities:
Capital contributions received 167,154,054.06 1,816,216.81
Including: Capital contributions by non-controlling interests to 167,154,054.06 1,816,216.81
subsidiaries
Borrowings received 9,951,990,149.95 7,922,161,074.27
Cash generated from other financing activities 563,737,565.96 543,206,827.09
Subtotal of cash generated from financing activities 10,682,881,769.97 8,467,184,118.17
Repayment of borrowings 11,294,111,739.12 6,835,894,584.88
Interest and dividends paid 461,309,197.03 665,357,095.47
Including: Dividends paid by subsidiaries to non-controlling 1,204,628.99 735,000.00
interests
Cash used in other financing activities 1,015,905,657.89 715,175,678.04
Subtotal of cash used in financing activities 12,771,326,594.04 8,216,427,358.39
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Konka Group Co., Ltd. Third Quarterly Report 2024
Net cash generated from/used in financing activities -2,088,444,824.07 250,756,759.78
4. Effect of foreign exchange rates changes on cash and cash
-872,112.22 37,092,762.35
equivalents
5. Net increase in cash and cash equivalents -2,862,466,491.60 -99,304,751.10
Add: Cash and cash equivalents, beginning of the period 5,674,784,349.55 5,461,912,010.90
6. Cash and cash equivalents, end of the period 2,812,317,857.95 5,362,607,259.80
(II) Adjustme nts to Financial State ment Items at the Beginning of the Year of the First
Implementation of the New Accounting Standards Implemented since 2024
□ Applicable √ Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent
auditor.
□Yes √ No
These financial statements have not been audited by such an auditor.
The Board of Directors
Konka Group Co., Ltd
31 October 2024
10
