Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
Dongxu Optoelectronic Technology Co., Ltd.
The Third Quarterly Report 2014
October 2014
1
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
I. Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Li Zhaoting, The Company leader, Mr. Li Quannian, Chief financial officer and the Mr..Xie Guozhong, the
person in charge of the accounting department (the person in charge of the accounting )declare: the financial
report carried in this report is authentic and completed
2
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
II. Main financial data and changes of shareholders
I.Main accounting data and financial Index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not.
□ Yes √ No
End of the report
End of last year Year-on –year change
period
Gross assets（RMB） 11,128,871,914.56 9,032,978,401.14 23.20%
Net assets attributable to the shareholders of
6,417,992,534.13 5,813,673,715.04 10.39%
the listed company（RMB）
Between beginning of Change from the
Year-on year
This report period the year to the end of same period last
change
the report period year
Operating income（RMB） 277,516,137.53 -1.78% 1,187,490,880.62 120.90%
Net profit attributable to the shareholders of
196,782,158.19 95.07% 604,318,819.09 181.28%
the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 17,833,620.22 -82.32% 283,168,493.76 136.17%
listed company（RMB）
Cash flow generated by business operation,
-- -- -1,797,375,854.05 -1.24%
net（RMB）
Basic earning per share(RMB/Share) 0.07 -36.36% 0.22 -31.25%
Diluted gains per
0.07 -36.36% 0.22 -31.25%
share(RMB/Share)(RMB/Share)
Weighted average income/asset ratio（%） 3. 11% 1.28% 9.88% -3. 53%
Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Amount from beginning of
Items the year to the end of the Notes
report period
Non-current asset disposal gain/loss(including the
write-off part for which assets impairment provision is -97,588.53
made)
Governmental Subsidy accounted as current gain/loss, except for 405,595,993.81
3
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
those subsidies at with amount or quantity fixed by the national
government and closely related to the Company’s business
operation.
Consigning fee received for cosigned operation 4,500,000.00
Net amount of non-operating income and expense except the
1,936,758.05
aforesaid items
Less：Amount of influence of income tax 83,074,073.43
Amount of influence of minority interests(after tax) 7,710,764.57
Total 321,150,325.33 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
II.Total number of shareholders and shareholding of top 10 shareholders by the end of the report period
(1) Total number of common shareholders and shareholding of top 10 common shareholders by the end of the
report period
In Shares
Total number of shareholders at the 159,876 (including148,587shareholders holding A shares and11,289shareholders holding B
end of report period shares)
Particular about shares held by top ten shareholders
Amount of Pledging or freezing
Share tradable shares
Properties of
Shareholder name proportion Quantity with Status of
shareholder Quantity
% Conditional the shares
held
Domestic
Dongxu Group Co., Ltd. Non-State-owned 14.40% 390,093,000 390,093,000 Pledge 390,093,000
legal person
Huarong Secrities － ICBC － Huarong
Fixed Growth No. 1 Limited-amount Other 13.71% 371,517,000
Specific Asset Management Program
Shijiazhuang Baoshi Electronic Group Domestic
12.27% 332,380,950 Pledge 267,420,148
Co., Ltd. Non-State-owned
4
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
legal person
Lion Fund －ICBC－Lion Golden lion
Other 3.69% 100,000,000
No.22Asset Management Program
Guangfa Securities Co., Ltd. Other 1.86% 50,507,210
Pingan Securities Co., Ltd Other 1.72% 46,622,245
Bank of China－Jingshun Great wall
has strategy selection, arranging flexible Other 1.06% 28,599,808
mixed securities investment funds.
Domestic natural
Yao Yanbin 0.48% 13,000,004
person
KGI ASIA LIMITED Foreign legal person 0.39% 10,563,264
Foreign natural
YAO XIU GUANG 0.36% 9,832,900
person
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted Share type
Name of the shareholder shares held at the end of
Share type Quantity
the reporting period
Huarong Secrities－ICBC－Huarong Fixed Growth No. 1
371,517,000 RMB Common shares 371,517,000
Limited-amount Specific Asset Management Program
Shijiazhuang Baoshi Electronic Group Co., Ltd. 332,380,950 RMB Common shares 332,380,950
Lion Fund － ICBC － Lion Golden lion No.22Asset
100,000,000 RMB Common shares 100,000,000
Management Program
Guangfa Securities Co., Ltd. 50,507,210 RMB Common shares 50,507,210
Pingan Securities Co., Ltd 46,622,245 RMB Common shares 46,622,245
Bank of China－Jingshun Great wall has strategy selection,
28,599,808 RMB Common shares 28,599,808
arranging flexible mixed securities investment funds.
Yao Yanbin 13,000,004 RMB Common shares 13,000,004
Foreign shares placed in
KGI ASIA LIMITED 10,563,264 10,563,264
domestic exchange
Foreign shares placed in
YAO XIU GUANG 9,832,900 9,832,900
domestic exchange
Jingshun Great wall Fund－CCB－China Life－China life
commissioned Great Wall Jingshun fund company managed 9,658,800 RMB Common shares 9,658,800
stock combination of assets.
Among the shareholders, Dongxu Group and Baoshi Group have
relationship with each other. The Company does not know whether
Explanation on associated relationship
there is relationship between top 10 unknown ordinary shareholders
among the aforesaid shareholders
and top 10 unlimited ordinary shareholders, does not know whether
they are persons taking concerted action defined in Administrative
5
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
Measures Relating to Acquisitions of Listed Companies.
Among the top 10 unconditional common share shareholders, Baoshi
Group holds 62,356,500 A shares of the Company through stock
Participation of top 10 unconditional common share
account with credit transaction and guarantee, Yao Yanbin holds
shareholders in securities margin trading (if any)
4,000,004 A shares through stock account with credit transaction and
guarantee.The total amount is 66,356,504 shares.
Agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of
unconditional common shares in the report period
□ Yes √ No
No agreed re-purchasing is performed by the Company’s shareholders in the report period.
(2) Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable√ Not applicable
6
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
III.Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
Rate of
Item in Amount at the end of Amount at the
No change Reason for change
statements period beginning of period
(%)
Owing to increasing investment in Glass substrate
1 Monetary capital 1,484,756,405.34 2,586,660,951.04 -42.60%
production line construction in current period.
Mainly due to the substantial growth in business,
accounts receivable not reach payback period increased
Account
2 1,551,672,220.19 943,285,462.11 64.50% and the construction project funds of the acquired
receivable
Swiss Italian company were not in the collection
period.
Mainly due to land auction deposits and project
3 Other receivable 100,234,985.95 29,300,640.49 242.09%
procurement funds increased.
Due to Wuhu glass substrate production line transferred
4 Fixed assets 1,353,817,433.06 141,108,554.36 859.42%
to fixed assets.
5 Intangible assets 221,831,956.17 112,787,665.77 96.68% Due to increasing land use rights in current period.
6 Short-term loans 1,190,000,000.00 580,000,000.00 105.17% Due to the bank loans increased.
Due to the income increased caused by increased
7 Operational profit 1,187,490,880.62 537,579,949.47 120.90%
business scale in current period.
Non-operational Due to the substantial increase in R & D subsidies, tax
8 412,048,332.70 122,878,190.43 235.33%
profit rebates and other government grants received.
Mainly due to the increasing expansion of the
Cash flow
company's business, the substantial increase in
generated by
9 -1,797,375,854.05 -1,775,315,017.44 -1.24% equipment and materials procurement expenses for
business
glass substrate production line stocking by affiliated
operations, net
company Wuhu equipment company.
Cash flow
Due to Wuhu glass substrate production line
generated by
10 -1,010,514,815.05 -1,910,248,558.99 47.10% construction spending was less than same period last
investment
year.
activities, net
cash flows
generated by
11 1,827,636,161.20 5,624,567,903.13 -67.51% Mainly due to the previous period raise funds
financing
activities
7
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
1. In order to further improve the corporate governance structure, corporate incentives system and enhance the
core sense of responsibility and mission of company directors, senior management and core members of technical
and operational, realizing sustainable, rapid and healthy development of the company, ensuring the realization of
the development goals of the company. The 15th Meeting of the Seventh Board of Directors and 2014 Second
provisional shareholders’ general meeting examined and passed the Company Incentive Plan (draft)" and the
Summary which plans to distribute no more than 3.42 million shares of restricted stock (reserved 0.34 million
shares of restricted stock) as incentive grants.
2.The Company 18th Meeting of the Seventh Board of Directors and 2014 Second Provisional shareholders’ general
meeting approved that the company decide to repurchase part of domestically listed foreign shares (B shares), the
main purpose of the repurchase is to enhance investor confidence in the company, enhance corporate value,
prompt the company to return to a reasonable level value and maximize the interests of shareholders.
3.On September 1, 2014, the company and the transferor Ji Xing New Material Investment (Hong Kong) Co., Ltd.
signed a letter of intent on the acquisition of Jiangsu Ji Xing New Material Co., Ltd ., intends to acquire 50.5%
stake of it. Under the agreement, the company is carrying out preparatory research on Jiangsu Ji Xing New
Material Co., Ltd .
Description of the website for disclosing
Description of provisional announcement Date of disclosing
provisional announcements
Announcement of Resolutions of the 15th China Securities Daily, Hong Kong
Meeting of the Seventh Board of Directors August 19, 2014 Commercial Daily and
（Equity incentive） www.cninfo.com.cn
Announcement of Resolutions of the 8th China Securities Daily, Hong Kong
Meeting of the seventh Supervisors August 19, 2014 Commercial Daily and
Committee（Equity incentive） www.cninfo.com.cn
Announcement of Resolutions of the 18th China Securities Daily, Hong Kong
Meeting of the Seventh Board of Directors September 15,2014 Commercial Daily and
（ Re-purchasing of B shares） www.cninfo.com.cn
Announcement of Resolutions of the China Securities Daily, Hong Kong
second provisional shareholders’ general October 8,2014 Commercial Daily and
meeting in 2014. www.cninfo.com.cn
III．The commitments of the Company and its shareholders holding over 5% of the Company’s total shares
in the report year of extending to the report year from previous year.
√ Applicable □ Not applicable
Time of
Period of
Commitment Commitment maker Contents making Fulfillment
commitment
commitment
8
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
If listed companies plans to sell
tradable stocks through the bid trading
system of Shenzhen Stock Exchange
and sell greater than 5% of shares
within six months after the first sales,
Shijiazhuang Baoshi
Commitment on share will disclose the contents specified by Long-term Under
Electronics Group July 23, 2009
reform the Form Guide to Prompt effective Fulfillment
Co., Ltd
Announcement of Removing
Restriction on Sales of Non-tradable
Stocks of Listed Companies through
the prompt announcement of
disclosing sales of listed companies.
Commitment in the
acquisition report or the
report on equity changes
Commitment made
upon the assets
replacement
1.From the date of commitment letter
issued, except the managed hosting
company for Dongxue
Optoelectronic , this company and
majority-owned subsidiaries do not in
any way, directly or indirectly
engaged in business and Dongxue
Optoelectronic and its subsidiaries are
the same, or similar, future Dongxue
Optoelectronic shares and its
subsidiaries are not engaged in the
1.Dongxu Group, same or similar businesses.
Commitments made 2.Shijiazhuang Baoshi 2.The company assurances against the Long-term Under
April 1, 2012
upon issuance Electronics Group use of precious stones share any act effective Fulfillment
Co., Ltd. prejudicial to the control relationship
of Dongxu Optoelectronic interests
and its wholly-owned subsidiaries,
holding, or causing Dongxue
Optoelectronic shares and its
wholly-owned subsidiaries, holding
form business competition decisions.
3. The company will not directly
invest, purchase and Dongxu
Optoelectronic identical or similar
business enterprises and projects.
4.If the assets owned by the Dongxu
9
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
Optoelectronic . compete with , the
company will adopt effective
measures and give up the same
business. 5. If the company has
horizontal competition with Dongxu
Optoelectronic and lead to lose to it,
the company will bear all the
responsibilities.
6. Before December 31, 2015, by way
of designated placement, the company
will transfer all the shares that
Dongxu Optoelectronic Investment,
entrusted to Zhengzhou Xufei
company and all the shares that are
entrusted to Baoshi Group, to Dongxu
Optoelectronics; Before December 31,
2016, by way of designated
placement, the company will transfer
all the shares that Dongxu Group
entrusted to Dongxu Yingkou and
Sichuan Xuhong to Dongxu
Optoelectronics. Within the time limit
mentioned above, if there were the
external factors such as a depression
of industry as a whole, or the changes
in regulatory requirements, which
lead to the result that the shares of
hosting company can not meet the
requirements of capital investment, Li
Zhaoting, the actual controller,
Dongxu Optoelectronic Investment ,
Dongxu Group and Baoshi Group as
well as the company will actively
negotiate with related parties,
continue to entrust the above
mentioned shares and the power of
management to Dongxu
Optoelectronics. Within the period
when the company is still the
controlling shareholder of Dongxu
Optoelectronics, the commitments are
in effect.
Dongxu Group Co., Dongxu Group Co., Ltd. subscribed From April Under
April 17, 2013
Ltd. for 25.01% of the shares privately 18, 2013 to Fulfillment
10
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
issued by the Company and promised April 17,
that the period of sale restriction of 2016.
such shares was 36 months from the
first day of listing.
If Dongxu Group loses the case in
which U.S. Conning sued Dongxu
Group in respect of infringement upon
business secrets according to the final
judgment of China's court and
The two sides
economic losses are thus incurred to
have signed
the production and operation of panel
1.Dongxu Group, an
Other commitments display glass substrate by the
2.Shijiazhuang Baoshi October 1, Long-term agreement,
made to minority Company and its subsidiaries, our
Electronics Group 2012 effective the court has
shareholders company will compensate the
Co., Ltd. been closed
Company and its subsidiaries for the
in mediation
economic losses thus incurred. After
the non-public issue of controlling
shareholders Dongxu Group is
committed to compensate the
economic losses of Baoshi group and
its subsidiaries
Executed timely or not? Yes
IV．Prediction of Business performance for 2014.
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
□ Applicable √ Not applicable
V. Securities investment
□ Applicable √ Not applicable
There is no securities investment during the report period.
VI. Derivative investment
□ Applicable √ Not applicable
There is no derivative investment during the report period.
11
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
VII. The registration form of acceptance of investigation, communication and interview in the report
period for future reference
√ Applicable □ Not applicable
Content of discussion and
Date Place Mode Type Visitor
materials provided
Visit the company
showroom, understand the
Onsite
January 6, 2014 The Company Organization Fortune SG Fund, Boshi Fund raised investment project
investigation
progress and business scope
and R & D in 2014.
Guangfa Securities, Xinhua Asset,
CCB Fund , Haifutong Fund,
Know about the company
Huaxia Fund, ICBC Credit Suisse
Onsite raise investment project
January 17, 2014 The Company Organization Assets Management Co., Ltd.,
investigation progress and situation of
Manulife Teda fund, Huashang
main business of 2014
Fund, Jingshun Great wall and
Dacheng Fund.
Guangfa Securities, Jingtai Lifeng,
Know about the company
Guosen Fund, Gfund Management
raised investment project
Co., Ltd., Yimin Fund, CITICPE,
progress, hosting company
Onsite Yinhua Fund, Sun Assets, Kgi
May 12, 2014 The Company Organization operations, hosting
investigation Securities, Huaxia Fund, Zhongjin
company investment
Company, Hezhong Assets,
arrangements and future
Efunds, Lion Fund and
development strategy.
Changsheng Fund
Know about the company
Cathay Securities, Capital raised investment project
Securities Investment, Taishin progress, hosting company
Onsite
June 18,2014 The Company Organization Securities, 、United Securities operations, performance
investigation
and Zhaofeng International description of whole year
Securities Investment 2013 and the first quarter of
2014
Know about the company
production and operation,
January 1, 2014 to
The Company Telephone Individual Investor raised investment project
September 30,2014
progress and hosting
company operation.
12
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
IV.Financial statements
I. Financial statements
1. Consolidated Balance sheet
Prepared by Dongxu Optoelectronic Technology Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 1,484,756,405.34 2,586,660,951.04
Settlement provision
Outgoing call loan
Financial assets measured at fair value
with variations accounted into current
income account
Bill receivable 383,550,000.00
Account receivable 1,551,672,220.19 943,285,462.11
Prepayments 3,742,984,864.66 2,788,962,137.94
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable
Dividend receivable
Other account receivable 100,234,985.95 29,300,640.49
Repurchasing of financial assets
Inventories 257,614,626.66 298,619,165.08
Assets held for sales
Non-current asset due in 1 year
Other current asset 108,418,747.43 75,632,804.57
Total of current assets 7,629,231,850.23 6,722,461,161.23
Non-current assets：
Loans and payment on other’s behalf
disbursed
13
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment
Property investment 12,216,614.26
Fixed assets 1,353,817,433.06 141,108,554.36
Construction in progress 1,788,641,573.11 1,914,118,112.98
Engineering material 44,034,584.74 112,687,660.04
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 221,831,956.17 112,787,665.77
R & D petrol 14,936,198.26
Goodwill
Long-germ expenses to be amortized
Differed income tax asset 76,378,318.99 17,598,632.50
Other non-current asset
Total of non-current assets 3,499,640,064.33 2,310,517,239.91
Total of assets 11,128,871,914.56 9,032,978,401.14
Current liabilities
Short-term loans 1,190,000,000.00 580,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair
value with variations accounted into
current income account
Bill payable 75,000,000.00 150,000,000.00
Account payable 343,235,511.27 134,665,580.06
Advance payment 22,245,122.10 3,451,630.20
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 20,696,616.92 17,885,009.53
Tax payable -149,759,835.28 -168,850,322.26
Interest payable 5,554,542.33
14
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
Dividend payable
Other account payable 38,728,573.63 46,922,065.04
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year
Other current liability 61,518,000.00 60,989,000.00
Total of current liability 1,607,218,530.97 825,062,962.57
Non-current liabilities：
Long-term loan 2,940,000,000.00 2,300,000,000.00
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax liability
Other non-current liabilities 66,711,700.00 33,714,000.00
Differed income 3,006,711,700.00 2,333,714,000.00
Total of liability 4,613,930,230.97 3,158,776,962.57
Owners’ equity
Share capital 2,709,000,000.00 903,000,000.00
Capital reserves 3,130,613,311.80 4,936,613,311.80
Less：Shares in stock
Special reserves
Surplus reserves 27,454,788.05 27,454,788.05
Common risk provision
Undistributed profit 550,924,434.28 -53,394,384.81
Different of foreign currency translation
Total of owner’s equity belong to the
6,417,992,534.13 5,813,673,715.04
parent company
Minority shareholders’ equity 96,949,149.46 60,527,723.53
Total of owners’ equity 6,514,941,683.59 5,874,201,438.57
Total of liabilities and owners’ equity 11,128,871,914.56 9,032,978,401.14
15
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
2. Balance sheet of the Parent Company
Prepared by: Dongxu Optoelectronic Technology Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 127,548,801.02 29,805,307.79
Financial assets measured at fair value
with variations accounted into current
income account
Bill receivable 250,000.00
Account receivable 26,489,747.79 16,547,491.42
Prepayments 26,464,717.50 25,310,796.89
Interest receivable
Dividend receivable
Other account receivable 584,332,439.79 432,062,236.88
Inventories 17,906,082.71 19,766,175.81
Assets held for sales
Non-current asset due in 1 year
Other current asset 19,211.84 19,211.84
Total of current assets 783,011,000.65 523,511,220.63
Non-current assets：
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment 5,068,912,035.49 4,728,458,306.96
Property investment 4,203,586.44
Fixed assets 54,133,472.95 31,342,639.14
Construction in progress 3,961,091.42 23,712,084.39
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 10,603,005.73 10,847,178.52
R & D petrol
16
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
Goodwill
Long-germ expenses to be amortized
Differed income tax asset 8,034,510.33 8,034,510.33
Other non-current asset
Total of non-current assets 5,145,644,115.92 4,806,598,305.78
Total of assets 5,928,655,116.57 5,330,109,526.41
Current liabilities
Short-term loans 600,000,000.00
Financial liabilities measured at fair
value with variations accounted into
current income account
Bill payable
Account payable 14,396,379.98 16,158,244.45
Advance payment 7,695,994.21 6,702,336.70
Employees’ wage payable 4,353,727.97 3,964,746.75
Tax payable 1,016,630.04 1,676,183.24
Interest payable
Dividend payable
Other account payable 122,902,328.46 105,904,670.83
Liabilities held for sales
Non-current liability due in 1 year
Other current liability 20,000.00 20,000.00
Total of current liability 750,385,060.66 134,426,181.97
Non-current liabilities：
Long-term loan
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax liability
Other non-current liabilities 45,000.00 45,000.00
Total of Non-current liabilities 45,000.00 45,000.00
Total of liability 750,430,060.66 134,471,181.97
Owners’ equity
Share capital 2,709,000,000.00 903,000,000.00
17
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
Capital reserves 2,993,360,997.35 4,799,360,997.35
Less：Shares in stock
Special reserves
Surplus reserves 32,204,150.60 32,204,150.60
Commonly risk Reserves
Undistributed profit -556,340,092.04 -538,926,803.51
Different of foreign currency translation
Total of owners’ equity 5,178,225,055.91 5,195,638,344.44
Total of liabilities and owners’ equity 5,928,655,116.57 5,330,109,526.41
3.Consolidated Profit statement of the report period
Prepared by: Dongxu Optoelectronic Technology Co., Ltd.
In RMB
Item Report period Same period of the previous year
I. Income from the key business 277,516,137.53 282,537,595.39
Incl：Business income 277,516,137.53 282,537,595.39
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 240,420,933.53 162,944,259.31
Incl：Business cost 177,102,485.70 150,941,870.04
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 6,255,138.39 3,679,481.63
Sales expense 4,331,815.41 1,845,919.22
Administrative expense 41,543,133.93 24,976,978.62
Financial expenses 7,080,018.25 1,388,262.49
Asset impairment loss 4,108,341.85 -19,888,252.69
Add：Gains from change of fir value
18
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
（“-”for loss）
Investment gain（“-”for loss）
Incl: investment gains from affiliates
Gains from currency exchange
（“-”for loss）
III. Operational profit（“-”for loss 37,095,204.00 119,593,336.08
Add：Non-business income 231,237,088.42 14,787,383.70
Less：Non business expenses 101,569.13 11,274.12
Incl：Loss from disposal of non-current
97,588.53
assets
IV.Total profit(“-”for loss) 268,230,723.29 134,369,445.66
Less：Income tax expenses 66,589,434.62 28,293,619.71
V. Net profit（“-”for net loss 201,641,288.67 106,075,825.95
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the owners of
196,782,158.19 100,876,520.37
parent company
Minority shareholders’ equity 4,859,130.48 5,199,305.58
VI. Earnings per share： -- --
（I）Basic earnings per share 0.07 0.11
(II)Diluted earnings per share 0.07 0.11
VII. Other comprehensive income
Including: other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Other comprehensive incomes that can
be reclassified into gains/losses in the
subsequent accounting period when
certain conditions are satisfied
VIII. Total comprehensive income 201,641,288.67 106,075,825.95
Total comprehensive income
attributable to the owner of the parent 196,782,158.19 100,876,520.37
company
Total comprehensive income
4,859,130.48 5,199,305.58
attributable minority shareholders
19
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
4. Profit statement of the Parent Company of the Report period
Prepared by: Dongxu Optoelectronic Technology Co., Ltd.
In RMB
Items Report period Same period of the previous year
I. Income from the key business 8,352,621.13 26,473,475.19
Incl：Business cost 8,511,544.72 23,000,356.62
Business tax and surcharge 514,717.41
Sales expense 33,266.46 148,698.74
Administrative expense 8,456,229.12 4,081,903.71
Financial expenses 4,052,464.11 -11,773.75
Asset impairment loss -17,706,054.69
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss）
Incl: investment gains from affiliates
II. Operational profit（“-”for loss -12,700,883.28 16,445,627.15
Add：Non-business income 1,509,927.69 6,674,592.01
Less：Non business expenses
Incl：Loss from disposal of non-current
assets
III.Total profit(“-”for loss) -11,190,955.59 23,120,219.16
Less：Income tax expenses
IV. Net profit（“-”for net loss） -11,190,955.59 23,120,219.16
V. Earnings per share： -- --
（I）Basic earnings per share
(II)Diluted earnings per share
VI. Other comprehensive income
Including: other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Other comprehensive incomes that can
be reclassified into gains/losses in the
subsequent accounting period when
certain conditions are satisfied
VII. Total comprehensive income -11,190,955.59 23,120,219.16
20
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
5. Consolidated Profit statement between the beginning of the year and end of the report period
Prepared by: Dongxu Optoelectronic Technology Co., Ltd.
In RMB
Items Report period Same period of the previous year
I. Total operating income 1,187,490,880.62 537,579,949.47
Including：Operating income 1,187,490,880.62 537,579,949.47
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 797,025,628.75 329,780,771.52
Including：Operating cost 610,174,226.74 259,533,928.14
Interest expense
Commission chare and commission
expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 21,310,026.35 7,687,054.10
Sales expenses 8,725,734.18 5,666,189.03
Administration expenses 122,149,746.12 77,639,915.13
Financial expenses 30,469,018.31 -757,962.56
Losses of devaluation of assets 4,196,877.05 -19,988,352.32
Add ：Changing income of fair value
Investment income
Including：Investment income on
affiliate company and joint venture
Exchange income
III. Operating profit 390,465,251.87 207,799,177.95
Add ：Non-operating income 412,048,332.70 122,878,190.43
Less：Non-operating expense 113,169.37 521,880.15
21
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
Including :Disposal loss of non-current
97,588.53
assets
IV. Total profit 802,400,415.20 330,155,488.23
Less：Income tax 161,660,170.18 83,825,766.43
V. Net profit（“-”for net loss 640,740,245.02 246,329,721.80
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the owners of
604,318,819.09 214,844,146.37
parent company
Minority shareholders’ equity 36,421,425.93 31,485,575.43
VI. Earnings per share： -- --
（I）Basic earnings per share 0.22 0.32
(II)Diluted earnings per share 0.22 0.32
VII. Other comprehensive income
Including: other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Other comprehensive incomes that can
be reclassified into gains/losses in the
subsequent accounting period when
certain conditions are satisfied
VIII. Total comprehensive income 640,740,245.02 246,329,721.80
Total comprehensive income
attributable to the owner of the parent 604,318,819.09 214,844,146.37
company
Total comprehensive income
36,421,425.93 31,485,575.43
attributable minority shareholders
6.Profit Statement of the Parent Between the Beginning of the Year and End of the Report Period
Prepared by: Dongxu Optoelectronic Technology Co., Ltd.
In RMB
Items Report period Same period of the previous year
I. Business income 29,657,179.61 73,459,091.27
Less：Business cost 26,934,620.66 58,568,674.53
Business tax and surcharge 118,271.63 2,275,317.74
Sales expense 135,588.76 413,693.77
22
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
Administrative expense 21,699,606.64 16,171,034.14
Financial expenses 4,516,617.77 -1,526,737.09
Asset impairment loss -950.00 -17,806,154.32
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss）
Incl: investment gains from affiliates
II. Operational profit -23,746,575.85 15,363,262.50
Add：Non-business income 6,337,807.56 9,684,992.01
Less：Non business expenses 4,520.24
Incl：Loss from disposal of non-current
assets
III.Total profit -17,413,288.53 25,048,254.51
Less：Income tax expenses 2,436,326.84
IV. Net profit -17,413,288.53 22,611,927.67
V. Earnings per share -- --
（I）Basic earnings per share
(II)Diluted earnings per share
VI. Other comprehensive income
Including: other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Other comprehensive incomes that can
be reclassified into gains/losses in the
subsequent accounting period when
certain conditions are satisfied
VII. Total comprehensive income -17,413,288.53 22,611,927.67
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
Prepared by: Dongxu Optoelectronic Technology Co., Ltd.
In RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
339,652,686.54 146,689,137.04
rending of services
Net increase of customer deposits
23
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
and capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from
other financial bodies
Cash received against original insurance
contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of trade financial asset
disposal
Cash received as interest, processing fee
and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 79,659,504.90 49,378,420.77
Other cash received from business
497,607,985.88 951,949,860.31
operation
Sub-total of cash inflow 916,920,177.32 1,148,017,418.12
Cash paid for purchasing of
1,938,821,312.57 1,195,557,067.38
merchandise and services
Net increase of client trade and advance
Net increase of savings n central bank
and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee
and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 148,651,471.81 139,967,304.97
Taxes paid 302,481,514.71 150,251,096.55
Other cash paid for business activities 324,341,732.28 1,437,556,966.66
Sub-total of cash outflow from business
2,714,296,031.37 2,923,332,435.56
activities
Cash flow generated by business
-1,797,375,854.05 -1,775,315,017.44
operation, net
II.Cash flow generated by investing
24
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 6,626,000.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 21,508,443.43
Sub-total of cash inflow due to
21,508,443.43 6,626,000.00
investment activities
Cash paid for construction of
fixed assets, intangible assets 1,011,509,529.95 1,916,874,558.99
and other long-term assets
Cash paid as investment 20,513,728.53
Net increase of loan against pledge
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
1,032,023,258.48 1,916,874,558.99
investment activities
Net cash flow generated by investment -1,010,514,815.05 -1,910,248,558.99
III.Cash flow generated by financing
Cash received as investment 4,970,803,173.33
Incl: Cash received as investment from
minor shareholders
Cash received as loans 2,503,900,000.00 1,855,000,000.00
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing
2,503,900,000.00 6,825,842,205.90
activities
Cash to repay debts 490,000,000.00 1,120,000,000.00
Cash paid as dividend, profit, or
168,921,838.19 80,960,969.44
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
25
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
Other cash paid for financing activities 17,342,000.61 313,333.33
Sub-total of cash outflow due to
676,263,838.80 1,201,274,302.77
financing activities
Net cash flow generated by financing 1,827,636,161.20 5,624,567,903.13
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
-980,254,507.90 1,939,004,326.70
equivalents
Add: balance of cash and cash
2,465,010,913.24 110,770,070.84
equivalents at the beginning of term
VI ..Balance of cash and cash
1,484,756,405.34 2,049,774,397.54
equivalents at the end of term
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
Prepared by: Dongxu Optoelectronic Technology Co., Ltd.
In RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
21,547,866.83 59,190,598.05
rending of services
Tax returned 7,206.86 3,803.58
Other cash received from business
803,977,206.72 384,634,320.10
operation
Sub-total of cash inflow 825,532,280.41 443,828,721.73
Cash paid for purchasing of
12,079,113.86 8,778,008.82
merchandise and services
Cash paid to staffs or paid for
7,320,696.05 12,960,746.16
staffs
Taxes paid 2,386,361.13 9,447,215.46
Other cash paid for business activities 961,917,438.20 1,116,572,468.44
Sub-total of cash outflow from business
983,703,609.24 1,147,758,438.88
activities
Cash flow generated by business
-158,171,328.83 -703,929,717.15
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
26
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 6,626,000.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to
6,626,000.00
investment activities
Cash paid for construction of
fixed assets, intangible assets
and other long-term assets
Cash paid as investment 340,453,728.53 4,189,664,000.00
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
340,453,728.53 4,189,664,000.00
investment activities
Net cash flow generated by investment -340,453,728.53 -4,183,038,000.00
III.Cash flow generated by financing
Cash received as investment 4,970,800,000.00
Cash received as loans 600,000,000.00
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from
600,000,000.00 4,970,800,000.00
financing activities
Cash to repay debts
Cash paid as dividend, profit, or
3,631,449.41
interests
Other cash paid for financing activities
Sub-total of cash outflow due to
3,631,449.41
financing activities
Net cash flow generated by financing 596,368,550.59 4,970,800,000.00
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash 97,743,493.23 83,832,282.85
27
Dongxu Optoelectronic Technology Co., Ltd The Third Quarterly Report 2014
equivalents
Add: balance of cash and cash
29,805,307.79 1,602,670.30
equivalents at the beginning of term
VI ..Balance of cash and cash
127,548,801.02 85,434,953.15
equivalents at the end of term
II. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
Dongxu Optoelectronic Technology Co., Ltd.
Chairman of the Board：Li Zhaoting
Issue day approved by the Board of Directors：October 17,2014
28
