Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Dongxu Optoelectronic Technology Co., Ltd.
The Semi-annual Report 2015
August 2015
1
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
I. Important Notice, Table of Contents and Definitions
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 the directors attended the board meeting for reviewing the semi-annual Report.
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves
either.
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 )hereby confirm
the authenticity and completeness of the financial report enclosed in this semi-annual report.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Table of Contents
2015 Semi-Annual Report
I..Important Notice, Table of contents and Definitions
II. Basic Information of the Company
III. Summary of Accounting Highlights and Business Highlights
IV. Report of the Board of Directors
V. Important Events
VI. Change of share capital and shareholding of Principal Shareholders
VII. Situation of the Preferred Shares
VIII. Information about Directors, Supervisors and Senior Executives
IX. Financial Report
X. Documents available for inspection
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Definition
Terms to be defined Refers to Definition
Company Law Refers to Company Law of the People’s Republic of China
Securities Law Refers to Securities Law of the People’s Republic of China
Dongxu Gruop Refers to Dong Xu Group Co., Ltd.
Baoshi Group Refers to Shijiazhuang Baoshi Electronics Group Co., Ltd
Dongxu Optoelectronic , Company, The
Refers to Dongxu Optoelectronic Technology Co., Ltd.
Conpany
Zhengzhou Xufei Refers to Zhengzhou Xufei Optoelectronic Technology Co., Ltd.
Dongxu（Yingkou）Optoelectronic Refers to Dongxu（Yingkou）Optoelectronic Display Co., Ltd.
Sichuan Xuhong Optoelectronic Refers to Sichuan Xuhong Optoelectronic Technology Co., Ltd.
Shijiazhuang Xuxin Refers to Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd.
Wuhu Optoelectronic Refers to Wuhu Dongxu Optoelectronic Technology Co., Ltd.
Wuhu Equipment Refers to Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd.
Shijiazhuang Dongxu Optoelectronic Equipment Technology Co.,
Shijiazhuang Equipment Refers to
Ltd.
BOE Refers to BOE Technology Group Co., Ltd.
No. 2 Changjiang Securities Oriented asset management plan (on
No. 2 Changjiang Xingli Oriented plan Refers to
behalf of the company's first employee stock ownership plan)
No.3 Changjiang Xingli Oriented plan Refers to No. 3 Changjiang Securities Oriented asset management plan
Kunshan Development Zone State Investment Refers to Kunshan Development Zone State Investment Co., Ltd.
Yingfei Hailin Refers Beijing Yingfei Hailin Investment Center (Limited partership)
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
II. Basic Information of the Company
Ⅰ. Company Information
Stock abbreviation Dongxu Optoelectronic, Dongxu B Stock code： 000413、200413
Stock abbreviation after
Dongxu Optoelectronic, Dongxu B
change (if any)
Stock exchange for
Shenzhen Stock Exchange
listing：
Name in Chinese 东旭光电科技股份有限公司
Chinese Abbreviation 东旭光电
English name (If any) Dongxu Optoelectronic Technology Co., Ltd.
English abbreviation (If any) Dongxu Optoelectronic
Legal Representative Li Zhaoting
Ⅱ. Contact person and contact manner
Board secretary Securities affairs Representative
Name Gong Xin Wang Qingfei
Securities Dept of the Company, No.9,
No.5 Court, No.23 A Fuxing Road, Huanghe Road, Shijiazhuang High-tech
Contact address
Haidian District, Beijing Industrial Development Area,
Shijiazhuang, Hebei Province
Tel 010-68297016 010-68297016 0311-86917775
Fax 010-68297016 010-68297016 0311-86917775
E-mail gongxin3417@vip.sina.com baoshixzb@126.com
Ⅲ. Other
1. Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed in reporting period or
not
□ Applicable √ Not applicable
Registrations address, offices address and codes as well as website and email of the Company has no change in reporting period,
found nore details in annual report 2014.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
2. In formation disclosure and preparation place
Whether information disclosure and preparation place changed in reporting period or not
√Applicable □ Not applicable
Newspapers selected by the Company for China Securities Journal , Hong Kong Commercial Daily and Securities
information disclosure Times
Internet website designated by CSRC for publishing
www.cninfo.com.cn
the simi-Annual report of the Company
The place where the semi-Annual report is prepared
Securities Dept of the Company
and placed
Date of provisional announcement on official
website (if any)
3.Registration changes of the Company
Whether registration has changed in reporting period or not
□ Applicable √ Not applicable
Date/place for registration of the Company, registration nmber for enterprise legal license number of taxation registration and
organization code have no change in reporting period, found more details in annual report 2014.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
III. Summary of Accounting data and Financial index
Ⅰ.Major accounting data and /Financial indexs
May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to change of the
accounting policy and correction of accounting errors.
□ Yes √ No
Increase/decrease over the
Reporting period Same period of last year
same period of last year（%）
Operating income（RMB） 1,446,600,260.53 909,974,743.09 58.97%
Net profit attributable to the shareholders
433,177,734.96 407,536,660.90 6.29%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 255,683,677.13 265,334,873.54 -3.64%
listed company（RMB）
Cash flow generated by business operation,
75,073,455.78 -1,491,802,085.05 105.03%
net（RMB）
Basic earning per share(RMB/Share) 0.160 0.150 6.67%
Diluted gains per
0.160 0.150 6.67%
share(RMB/Share)(RMB/Share)
Weighted average income/asset ratio（%） 6.64% 6.77% -0.13%
As at the end of the Changed （%）over end of
As at the end of last year
reporting period prev. year
Gross assets（RMB） 15,833,774,021.46 12,468,163,299.77 26.99%
Shareholders’ equity attributable to
6,607,166,806.17 6,436,732,506.01 2.65%
shareholders of the listed company（RMB）
II.The differences between domestic and international accounting standards
1．Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed in the
financial reports of differences in net income and net assets.
□ Applicable□√ Not applicable
N/A
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting
standards.
□ Applicable √Not applicable
No Differences
III.Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Items Amount Notes
Non-current asset disposal gain/loss(including the write-off part
-35,050.57
for which assets impairment provision is made)
Govemment subsidies recognized in currentgain and
loss(excluding those closely related to the Company’s business 186,458,166.64
and granted under the state’s policies)
Gains and losses from change of fair values of
held-for-transaction financial assets and financial liabilities
except for the effective hedge business related to normal business
18,763,137.14
of the Company, and investment income from disposal of
transactional financial assets and liabilities and financial assets
available for sale
Gain/loss on loans obtained by entrusting others 3,500,000.00
Other non-operating income and expenditure beside for the above
2,621,178.79
items
Less: Influenced amount of income tax 28,493,864.18
Amount of influence of minority interests（After tax） 5,319,509.99
Total 177,494,057.83 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on information disclosure for
Compaines 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 recorgnized as recurring gain /loss/itesm as defined by the information disclosure explanatory
Announcement No.1- Non –recurring gain/loss in the report period.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
IV. Report of the Board of Directors
I. General
2015 was the year when the Company Dongxu Optoelectronic carried out strategic layout. In the first half of this year, the
Company took innovative glass substrate production technology, accelerating the construction of production line, improving market
share as the core and was committed to the construction and development of the main industry. At the same time, in order to enhance
the company's profitability and market competitiveness, and tap the potential value of the existing channels, the Company tried to lay
many business lines connecting downstream industry, taking the key step on the high-end display materials and equipment
manufacturing development. Up to now, the Company has formed business layout of panel display, high-end equipment manufacturing
and three driving carriage of the urbanization project. Each business module cooperated and connected each other to lay a solid
foundation for increasing the added value of glass substrate products and enhancing the competitiveness of Dongxu Optoelectronic on
the whole.
In terms of glass substrate business, on the one hand, the Company sped up the construction of production line and improved
product yield. On the other hand, the Company actively expanded the market and realized that there were no goods remaining basically.
In the report period, among 10 sets of G6 flat panel display glass substrate project in Wuhu, 1-4 line went into production and sale; the
5 line was still in the commissioning; 6-10 line was under construction; the power and equipment of the 1-10 line were completed. The
overall benefit of the project hasnt come up to the expected level of feasibility research report in the project. With the remaining 6
production lines having been built and put into operation, economies of scale were expected to show and the project was expected to
further improve the profits. Hosting companies such as Xufei, Zhengzhou and Xuxin, Shijiazhuang, whose G5 glass substrate produced
steadily and sold well, which were also achieved in cover glass of Sichuan Xuhong Company. With the continuous accumulation of the
previous construction experience, the company's 10 sets of sixth generation TFT-LCD glass substrate production line whose
construction and production continued to accelerate and the proportion of glass substrate products in operation revenue would steadily
increase.
On terms of glass substrate equipment and technical services business, the Company adhering to the inherent advantages of the
field of equipment manufacturing, keeping researching and making breakthroughs of equipment technology, improving equipment
manufacturing capacity. During the reporting period, when the Company was continuing planning the construction of production line,
the Company embarked on upgrade service of glass substrate production line of the Company such as Xufei, Zhengzhou and Xuxin,
Shijiazhuang at the same time. Meanwhile, the Company actively laid out other high-end display equipment fields and carried out
extensive cooperation with the upstream and downstream industry chain, achieving the upgrading of the equipment industry.
On terms of urbanization construction business, the Company firmly grasped the opportunities of new urbanization construction,
undertook a large number of construction and installation engineering orders, increased the income of the company's construction and
installation engineering. Meanwhile, the Company provided the existing industries with supporting services and formed a good
supporting role.
On terms of the industrial layout, in the report period, the Company made great progress in two investment fields of sapphire material
and graphene. The Company completed the acquisition of Jiangsu Jixing at the beginning of 2015; In early April, Jiangsu Jixing
successfully produced 170 kilograms of sapphire crystal with high yields which became Asia's maximum sizes of sapphire crystal;
On terms of graphene materials, the Company and Beijing Science and Technology invested Beijing Xutan New Material
Technology Co., Ltd., gradually realizing the technical development and incubation of graphene, promoting the construction of
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
graphene industry. The Company actively put more efforts towards M & A (merger and acquisition) and integration of graphene
industry chain related enterprises and made graphene industry bigger and stronger through independent research and industry
acquisition to consolidate the company’s upstream key material manufacturers in photoelectric display industry.
During the reporting period, the Company issued shares aimed at the specific objects including the controlling shareholder Dong
Xu Group, the Yangtze River Xingli 2& 3 Oriented Planning , state-controlled KunShan Development Zone and Yingfei, Hailin
Venture Capital Management with the ways of non - public offering of stock to buy all equities of Xufei ,Zhengzhou and
Xuxin ,Shijiazhuang and the construction of fifth generation TFT-LCD CF (color Filter)production line items and supplementary
liquidity, which was intended to effectively solve the horizontal competition with the controlling shareholder, accelerate the company's
flat panel display industry layout, better exert synergistic effects and enhance market competitiveness. At the end of the reporting
period, the Company has submitted application materials of the non- public offering of shares to the China Securities Regulatory
Commission and finished the reply and disclosure of the feedback.
In the report period, the glass substrate equipment and technology services business were still the main source of revenue. The sales
incomes of company's TFT-LCD glass substrate products, glass substrate equipment and technical services business and construction
and installation works were respectively RMB285.5793 million, RMB676.39 million and RMB 432.7526 million. The company's
operating income, operating costs and the net profit attributable to the parent Company for the report period respectively increased by
58.97%, 86.11%, and 5.51% year on year.
Ⅱ.Main business analysis
Year-on-year changes in major financial statistics
In RMB
This report period Same period last year YOY change（%） Cause change
Mainly due to LCD glass
substrate and the period from the
Operating income 1,446,600,260.53 909,974,743.09 58.97%
construction and installation
sales revenue increased
Mainly due to operating costs
Operating cost 805,970,226.66 433,071,741.04 86.11% increased caused by the increase
in current revenue
Mainly due to transport fees,
hospitality, travel and so on
Sale expenses 9,884,805.60 4,393,918.77 124.97%
increased caused by the increase
in operating income
Mainly due to employee benefits,
taxes, depreciation and
Administrative expenses 147,397,071.27 80,606,612.19 82.86% amortization, research fees
increased caused by Company
expansion
Mainly due to the increase the
Financial expenses 141,331,996.97 23,389,000.06 504.27%
company's working capital loans
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Net cash flows from Mainly due to The recovery of
75,073,455.78 -1,491,802,085.05 -105.03%
operating activities the purchase price increased
Due to the increased traffic
Net cash flows from
1,990,631,685.10 1,301,189,610.62 52.99% caused by the current financing
financing activities
increased
Net increase in cash and Due to current financing
1,472,075,160.61 -807,352,755.81 -282.33%
cash equivalents increased
Major changes in profit composition or cources during the report period
□ Applicable √ Not applicable
The profit composition or sources of the Company have remained largely unchanged during the report period.
Delay of future development and plan disclosed in Company’s IPO prospectus, fund raising prospectus and capital reorganization
report into this report period.\
□ Applicable √ Not applicable
No future development and plan disclosed in Company’s IPO prospectus, fund raising prospectus and capital reorganization report
into this report period.\
Implementation of business plans disclosed in previous periods in this period.
Up to the end of the report period, the fund-raising investment project of the company: flat panel display glass substrate production
line project of Dongxu Group in Wuhu which covers 10 G6 production lines, has realized the production and sales of Line 1-4, has
carried out the debugging of Line 5, has implemented the construction of Line 6-10, and has finished the power and support
equipment of Line 1-10. The overall benefit of the project has not achieved the expected level stated in the project feasibility study.
As the successive construction and operation of the remaining 6 production lines, the scale benefit is expected to be effective and the
project benefit is expected to be enhanced.
Ⅲ. Business composition
In RMB
Increase/decrease
Increase/decrease Increase/decrease
of rincipal
of reverue in the of gross profit
Gross profit business cost over
Turnover Operation cost same period of rate over the same
rate(%) the same period
the previous period of the
of previous year
year(%) previous year (%)
(%)
Industry
Whole set of
equipment and
676,389,975.21 236,533,655.08 65.03% -8.63% -28.82% 9.92%
Technology
serves
Glass substrate 285,579,284.49 157,896,382.78 44.71% 178.30% 259.93% -12.54%
Construction 432,752,562.93 371,330,857.38 14.19% 723.29% 729.91% -0.68%
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Installation
Electric vacuum
glass devices and
2,420,051.28 3,111,356.97 -28.57% -81.50% -69.65% -50.21%
supporting
electronic device
Sapphire material 43,437,667.04 36,770,742.30 15.35%
Total 1,440,579,540.95 805,642,994.51 44.08% 58.55% 86.85% -8.47%
Products
Whole set of
equipment and
676,389,975.21 236,533,655.08 65.03% -8.63% -28.82% -9.92%
Technology
serves
Glass substrate 285,579,284.49 157,896,382.78 44.71% 178.30% 259.93% 12.54%
Construction
432,752,562.93 371,330,857.38 14.19% 723.29% 729.91% 0.68%
Installation
Electric vacuum
glass devices and
2,420,051.28 3,111,356.97 -28.57% -81.50% -69.65% 50.21%
supporting
electronic device
Sapphire material 43,437,667.04 36,770,742.30 15.35%
Total 1,440,579,540.95 805,642,994.51 44.08% 58.55% 86.85% -8.47%
Area
China mainland 1,410,648,634.87 785,116,416.59 44.34% 58.56% 86.32% -8.29%
Hongkong,
Macao and 29,930,906.08 20,526,577.92 31.42% 99.56% 210.79% -24.55%
Taiwan
Total 1,440,579,540.95 805,642,994.51 44.08% 58.55% 86.85% -8.47%
Ⅳ. Analysis On core Competitiveness
The core competitive-ness of the Company had no changes, The said information can be found in the 2014 Annual Report.
Ⅴ. Analysis on investment Status
1. External Equity investment
（1）External investment
√Applicable □ Not applicable
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
External investment
Investment amount (January-June Investment Amount (January-June
Change rate（%）
2015)(RMB) 2014)(RMB)
319,845,300.00 340,453,728.53 -6.05%
Particulars of investees
Name Principal business Proportion in the investees’ equity（%）
Providing trade financing through
assignment of receivables; settlement,
management and collection of receivables;
Zhongda Chengxin International management of sales account ledger;
24.00%
Commerce Co., Ltd. non-commercial bad debt guarantees
related to the company business; customer
credit investigation and assessment; and
related consultation service.
Bring-up, incision, process and sales of
sapphire crystal and technology
development of related product;
Jiangsu Jixing New Material Co., Ltd. 50.50%
Self-support and agency for various kinds
of merchandises and imports and exports
of technology.
Technology Development, Technology
Transfer, Technology Service; Asset
Beijing Xutan New Material Co., Ltd. Management; Investment Management; 70.00%
Investment Consulting; Business
Management Consulting;
Sales of optoelectronic product and
Dongxu（Kunshan）Display Material
optoelectronic devices and other electronic 80.00%
Co.,Ltd.
devices
（2）Holding of the equipty in financial enterprises
□ Applicable √ Not applicable
N/A
（3）Investment in Securities
□ Applicable√ Not applicable
N/A
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
（4）Explanation on Holding Equity in Other Listed Companies
□ Applicable√ Not applicable
2.Entrusted Financing, Investment in Derivative Products and Entrusted Loan
（1）Entrusted Financing
□ Applicable√ Not applicable
N/A
（2）Investment in Derivatives
□ Applicable√ Not applicable
N/A
（3）Entrusted loan
□ Applicable√ Not applicable
N/A
3.Application of the raised capital
√ Applicable □ Not applicable
（1）General application of the raised funds
√ Applicable □ Not applicable
In RMB
Total amount of the raised capital 496,106.4
Total raised capital invested in the report period 218.91
Total accumulative raised capital invested 471,469.5
Amount of raised capital of which the purpose was
0
changed in the report period
Accumulative amount of raised capital of which the
0
purpose has been changed
Proportion of raised capital of which the purpose has
0.00%
been changed (%)
Notes to use of raised capital
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
（2）Promised projects of raised capital
√ Applicable □ Not applicable
In RMB0000
Date
Accumul Investme
when the
Total ated nt Has any
Project Total Amount project Benefit
raised amount progress Has the material
changed(i investme inested in has realized
Committed investment capital invested ended the predicted change
ncluding nt after the reached in the
projects and investment invested at the end reporting result be taken
partial adjustme reporting the reporting
as of the period(% realized place in
change) nt (1) period predicted period
commited reporting )(3)=(2)( feasibility
applicabl
period(2) 1)
e status
Committed investment projects
Panel display galass
substrate project of
Wuhu Dongxu 496,106.4 496,106.4 218.91 471,469.5 95.03% 15,592.01 No No
Optoelectronic
Technology Co., Ltd.
Subtotal of promised
-- 496,106.4 496,106.4 218.91 471,469.5 -- -- 15,592.01 -- --
investment projects
Investment of excessive raised capital
Total -- 496,106.4 496,106.4 218.91 471,469.5 -- -- 15,592.01 -- --
Reason or situation
Since the project hasn’t fully been operational, Not applicable.
thatnot on schedule
(on specific project)
Notes to major
changesin project Not applicable
feasibility
Amount, application
and application
Not applicable
progress of the
unbooked proceeds
About the change of
the implementation
site of the projects Not applicable
invested with the
proceeds
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Adjustment of the
implementation way of
Not applicable
investment funded by
raised capital
About the initial Applicable
investment in the On April 17, 2013，The 36th Meeting of the sixth Board of Directors of the Company has examined
projects planned to be andapproved the “Proposal on the Replacement of the Self-funancing Funds pre-put into Investment
invested with the Project with the RAISED Funds”, and agreed the company to make arrangement for the funds-raising on
proceeds and the the replacement of the pre-investment based on the plan of non-public issuance of stocks, with the
replacement pre-invested self-financing funds of RMB 2,077,426,324.50 replaced by the raised funds.
Applicable
On May 29, 2015, the 37th Meeting of the 7th Board of Directors of the company deliberated and approved
Using the idle
Proposal of Using Partial Idle Raised Fund to Supplement Circulating Fund, which agreed the company to
proceeds to
use the idle raised fund valuing 250 million yuan (taking 5.04% of the actual net raised fund) to temporarily
supplement the
supplement the circulating fund of the company. Service life lasts for 12 months since the approval date by
working capital on
the Board of Directors. The company will return to the special account for fund-raising in time when the
temporary basis
fund used to supplement the circulation is due.
Balance of the
proceeds in process of
Not applicable
project implementation
and the cause
Within the reserved raised fund, 1.1499 million yuan has been deposited and managed in the special
About application and
account of fund-raising (including the deposit interest income), and additional temporary and
status of the proceeds
supplementary circulating fund valuing 250 million yuan has been provided.
unused
Problems existing in
The company strictly accordance with "use of funds raised management system" and "raise funds tripartite
application of the
regulatory agreement" to raise funds and special accounts storage use, and timely, truely, accurately and
proceeds and the
completely disclosure of the deposit and use of proceeds, there is no violation circumstances.
information disclosure
or other issues
（3）Changes of raised funds projects
□ Applicable√ Not applicable
There is no change in raised funds in company reporting period.
（4）Fund-raising project
Fund-raising project overview Disclosure date Disclosure index
16
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
China Securities Journal , Securities
See the special report of condition of the
Times,Hong Kong Commercial
companys raising funds deposited in use August 29, 2015
Daily,Shanghai Securities Journal and
www.cninfo.com.cn..www.cninfo.com.cn
4. Analysis on principal subsidiaries and Mutual Shareholding Companies
√Applicable □Not applicable
Particulars about the principal subsidiaries and Mutual shareholding companies
In RMB
Leading
Company Company Sectors Registered Operating
products Total assets Net assets Tumover Net Profit
Name type engaged in capital profit
and services
Hebei
Xubao
Constructio Constructio
100,000,00 137,203,79 123,248,33 -1,880,80
n Subsidiary n Engineering 800,000.00 -1,739,635.60
0.00 7.65 2.27 8.13
Installation Installation
Engineering
Co., Ltd.
Shijiazhuan
g Baoshi 540,680,00 193,239,23 105,204,13 7,055,617
Subsidiary Production Color Bulb 7,055,617.56
Color Bulb 0.00 7.87 2.99 .56
Co., Ltd..
Wuhu
Whole set
Dongxu
of
Optoelectro
Manufactur equipment 98,000,000. 3,996,669,7 1,268,450,0 1,139,786,1 477,058,3 486,729,755.
nic Subsidiary
e and 00 40.15 82.26 51.86 45.19 01
Equipment
Technology
Technology
serves
Co., Ltd
Wuhu
Dongxu
Optoelectro Manufactur Glass 2,000,000,0 9,160,976,2 5,217,051,5 287,382,68 92,423,26 155,920,111.
Subsidiary
nic e substrate 00.00 37.57 30.11 1.21 5.40 95
Technology
Co., Ltd.
Wuhan
Manufactur Glass 5,000,000.0 14,964,936. 3,348,170.3 -91,064.0
Dongxu Subsidiary -91,064.08
e substrate 0 51 1 8
Optoelectro
17
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
nic
Technology
Co., Ltd
Sichuan
Ruiyi
Constructio
Constructi 100,000,00 511,742,55 176,744,12 432,752,56 45,703,70 34,061,101.4
Subsidiary n Engineering
on 0.00 1.30 7.50 2.93 8.37 7
Installation
Engineerin
g Co., Ltd.
Beijing Real estate
Real estate
Xufeng Developm 20,000,000. 880,220,69 19,394,326. -592,160.
Subsidiary Develop -592,160.40
Real estate ent and 00 6.43 43 40
ment
Co., Ltd. sales
Sales of opt
Dongxu oelectronic
（Kunshan devices and
Manufactur 500,000,00 96,796,443. 96,789,091. -710,908.
）Display Subsidiary other electr -710,908.68
e 0.00 32 32 68
Material onic device
Co., Ltd. s
Beijing
Xutan New Technology
Technology 15,000,000. 14,943,610. 14,943,610. -56,390.0
Material Subsidiary and -56,390.00
and services 00 00 00 0
Technology services
Co., Ltd.
Jiangsu
Jixing New Manufactur Saphire 392,000,00 570,924,87 368,685,93 43,535,555. -2,428,62
Subsidiary 154,379.23
Material ing material 0.00 4.05 7.92 93 6.36
Co., Ltd.
5. Major projects invested by non-raised fund
□ Applicable√ Not applicable
The company had no major projects invested by non-raised fund in the reporting period.
VI. Prediction of business performance for January –September 2015.
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
18
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
VII. Explanation of the Board of Directors and the Supervisor Committee concerning the
“Non-standard audit report ” issued by the CPAs firm for the reporting period
□ Applicable √ Not applicable
XIII.Explanation by the Board of Directors about the “ non-standard audit report “ for last
year.
□ Applicable √ Not applicable
Ⅸ. Profit distribution carried out in the report period
Execution or adjustment of profit distribution, especially cash dividend, and capitalizing of reserves in the report period.
□ Applicable √ Not applicable
In the report period, the company implemented annual capital reserve plan of the year 2014，
The company total share capital of 2,662,080,001 shares on December 31, 2014 as base to undistributed profits to all shareholders for
every 10 shares of cash dividends 1.0 yuan (including tax). there was no turning of capital reserve into share capital.
Special explanation on cash dividend policy
Comply with the Articles of Association or resolution made at
Yes
the General Shareholders' Meeting
Clear and definite distribution standard and proportion Yes
Decision-making procedure and mechanism Yes
Independent directors fulfill their duties Yes
Middle and small shareholders express their opinions and
Yes
daims.There rights are well protected
Cash dividend distribution policies are adjusted or revised
Yes
accoring to law.
X. Preplan for profit distribution and turning capital reserve into share capital in the
reporting period
□ Applicable √ Not applicable
The Company planed that no to distribute cash dividend, bonus shares and there was no turning of capital reserve into share capital.
XI. Particulars about researches, visits and interviews received in this reporting period
√ Applicable □ Not applicable
Discussion topics and
Reception time Reception place Way of reception Types of visitors Vistors rece3ived
provision of materials
19
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Condition of 8 Billion
RMB for Directional
Add-Issuance Project:
Completion Condition on
Construction of Ten G6
Onsite Onsite Dongxing Production Lines; The field
The meeting Room
May 29,2015 investigation investigation Securities , Zhang of glass substrate whether
of the company
Ji has developed new clients;
Production Line
Introduction of Nominee
Company; Construction
Condition of Color Filter
Production Line
Client Authentication and
Shipments Condition of
Glass Substrate; Time
Arrangement Condition of
Shenwan
Onsite Onsite Nominee Company
The meeting Room Hongyuan
June 10,2015 investigation investigation Immitting; Industrial
of the company Securities, Wang
Supporting Condition of
Jianwei
Color Filter; Layout Plan of
G8.5 Production Line;
Resources Integration Plan
of Graphite and Graphene
Nonpublic Progress
Condition of 8 Billion
January 1,2015 - By phone RMB of the Company;
The Company By phone Individual
June 30,2015 Performance Condition of
the Company; Operation
Condition of the Company
20
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
V. Important Events
I、Administrative position
The Company actively strengthened constitution of the company's internal control system and effective operation, constantly improved
companys normative operational level, improved the corporate governance structure ,established and improved the internal control
system according to "Company Law", "Securities Acts", " Company Internal Control Basic Norms " and its supporting guidelines, "
Shenzhen Stock Exchange Listing Rules" and "Shenzhen Stock Exchange Big Companies Standard Operation Guidelines and
requirements of laws ,regulations and regulatory documents strictly.
In accordance with the normative documents on governance of the listed companies of the China Securities Regulatory Commission,
the Company established a complete, independent and normative organization. Company Shareholder Plenary Meeting, Board of
Directors, Board of Supervisors and Management each had its place, operated in coordination and counterbalanced effectively.
Shareholder Meeting was the company's organ of authority. The Board of Directors was responsible for Shareholder Meeting and the
Board of Supervisors was responsible for all shareholders. Independent Directors safeguarded the interests of minority shareholders
and Management was responsible for Board of Directors. Company director, supervisors, senior administrative staff management, the
holding Company and functional departments performed their duties, adhered to the principles of incompatible duties separating each
other, knew their own rights and liabilities clearly and counterbalanced each other.
In accordance with the listing corporation standard governance requirements, the Company established and improved all systems on
the basis of Companys Articles, including the whole process of operation: financial management, operation management,
administrative management etc, which ensured all of works in Company operated well and standardized the companys operation
management. Mainly including: "Shareholders Meeting Rules of Procedure", "Board of Directors Rules of Procedure", "Information
Disclosure Working System", "Related Transactions Management System", "Management System for Using Raising Funds", " Setting
Committee under Board of Directors under Rules for the Implementation ", "Internal Significant Items Reporting System", System of
Accountability about Major Error of Annual Report Information Disclosure " Insider Information Insiders Registration Management
System ", "External Information Users Management System", etc.
During the reporting period, the Company formulated and revised Internal Control Manual and its supporting Internal Control
Evaluation Manual, The Risk Management System, The Internal Control Operation Management System on the basis of the
original system, and further supplied and improved the internal control management system. According to the documentation
requirements of Company Law, the China Securities Regulatory Commission the Listing Corporation Regulatory Guidelines
No.3- the listing Corporation's Cash Dividends, Notice on Some Issues about further Implementation of the Listing Corporation's
Cash Dividends , the Company further refined the terms related to profit distribution policy in the Company's Articles, improved
the company's profit distribution mechanism ,made Shareholder Return Plan of Dongxu Optoelectronic Technology Co., Ltd. in the
next three years (2015-2017) and further improved the company's profit distribution mechanism.
In summary, there was no difference between the actual situation of companys management and the requirements of "Company
Law" and the relevant provisions of China Securities Regulatory Commission.
II. Lawsuits affairs
Major lawsuits and Arbitration affairs
□ Applicable √ Not applicable
21
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
The Company has no major lawsuit or arbitration in the report period.
Other Lawsuits affairs
□ Applicable √ Not applicable
III. Query form media
□ Applicable √ Not applicable
In the reporting year, the Company had no query from media
IV. Bankruptcy or Reorganization Events
□ Applicable √ Not applicable
There Company was not involved in any bankruptcy or reorganization events in the reporting period.
V. Assets transaction
1. Purchase of assets
√Applicable □ Not applicable
Ratio of
Relation
the Net
with
Influence Income
Counter-pa Counter-pa
Acquired Transactio Impact on on the Caused by
rty or Connected rty Date of
or n Price (10 Progress Company's Profit and the Asset Disclosure
Ultimate Transactio （applicab Disclosure
Purchased thousand (Note 2) Business Loss of the Contributi Index
Controllin n le to (Note 5)
Assets yuan) (Note 3) Company ng to the
g Party associated
(Note 4) Listed
business
Company
situation)
in Total
Announce
ment
No.:2015-
50.5%
All the 025,
Jixing equities of
relevant China
New Jixing
asset Securities
Material New March 4,
16,734.53 property No Journal,
Investment Material 2015
rights have Securities
(HK) Co., Investment
been Times,
Ltd. (HK) Co.,
transfered Hong
Ltd.
Kong
Commerci
al Daily
22
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
and
www.cninf
o.com.cn..
www.cninf
o.com.cn.
2. Sale of assets
□ Applicable √ Not applicable
There is no sale of assets in the Company during the reporting period
3. Business combination
√Applicable □ Not applicable
The 26th meeting of the seventh board of directors considered and adopted the proposal of" Acquisition of Jiangsu Jixing New
Material Co., Ltd.Equity," agreed the company to invest RMB 167.3453 million on the acquisition of 50.5% Equity in Jiangsu Ji
Xing.
The 32nd meeting of the seventh board of directors considered and adopted the proposal of "Beijing Institute of Technology joint ve
nture with a subsidiary", agreed the company and the Beijing Institute of Technology set up joint investment holding subsidiary Beiji
ng Xutan New Material Technology Co., Ltd. The company invested RMB 10.5 million, accounting for 70% of the registered capital.
□ Applicable √ Not applicable
There is no Bubiness combination in the Company during the reporting period
VI. Implementation and Influence of Equity Incentive Plan of the Company
□ Applicable √ Not applicable
There is no equity incentive plan and its implementation in the Company during the reporting period.
VII. Material related transactions
1. Related transactions in connection with daily operation
√Applicable □ Not applicable
Whether
Trading
Principl over the
limit Market Index
Subjects e of approve
Amount price of of
of the pricing Ratio in approve Date of
Related Relation Type of Price of of trade Way of similar inform
related the similar d disclosu
parties ship trade trade RMB0’ payment trade ation
transacti related trades d re
000 availabl disclos
ons transacti limited e ure
ons （RMB
or not
’0000）
(Y/N)
23
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Online Annou
Shijiazh Controll
thicknes nceme
uang ed by
Sales s nt
Xuxin the same
Goods/L measure No.20
Optoele parent March
abor ment 6,820.08 1,524 Yes 15-031
ctronic compan 18, 2015
service system .
Technol yActual
received for glass www.c
ogy Co., Controll
substrat ninfo.c
Ltd. er
e om.cn
Zhengzh Controll
ou ed by
Sales Sales of
Xufei the same
Goods/L semi-
Optoele parent
abor finish 5.9 0 Yes
ctronic compan
service ed
Technol yActual
received paper
ogy Co., Controll
Ltd. er
Annou
Controll
nceme
ed by
Related nt
Xuxin the same
manag No.20
Optoel parent Manage March
ed 50 100 No 15-031
ectroni compan d 18, 2015
/Contra .
c yActual
ct www.c
Controll
ninfo.c
er
om.cn
Annou
Controll
nceme
ed by
Related nt
Yingkou the same
manage No.20
Optoe parent Manage March
d 50 100 No 15-031
lectro compan d 18, 2015
/Contrac .
nic yActual
t www.c
Controll
ninfo.c
er
om.cn
Sichuan Controll Annou
Related
Xuho ed by nceme
manage
ng the same Manage March nt
d 50 100 No
Optoe parent d 18, 2015 No.20
/Contrac
lectro compan 15-031
t
nic yActual .
24
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Controll www.c
er ninfo.c
om.cn
Annou
Zhengzh Controll
nceme
ou ed by
Related nt
Xufei the same
manage No.20
Optoel parent Manage March
d 50 100 No 15-031
ectroni compan d 18, 2015
/Contrac .
c yActual
t www.c
Techno Controll
ninfo.c
logy er
om.cn
Annou
Controll
nceme
ed by
Chengd Related nt
the same
u Taiyisi manage No.20
parent Manage March
Technol d 50 100 No 15-031
compan d 18, 2015
ogy Co., /Contrac .
yActual
Ltd. t www.c
Controll
ninfo.c
er
om.cn
Annou
Controll
nceme
ed by
Related nt
the same
manage No.20
Baoshi parent Manage
d 25 50 No 15-031
Group compan d
/Contrac .
yActual
t www.c
Controll
ninfo.c
er
om.cn
Annou
Controll
nceme
ed by
Related nt
the same
manage No.20
Dongxu parent Manage
d 50 100 No 15-031
Group compan d
/Contrac .
yActual
t www.c
Controll
ninfo.c
er
om.cn
Dongxu Controll Related Manage Annou
25 50 No
Optoele ed by manage d nceme
25
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
ctronic the same d nt
Investm parent /Contrac No.20
ent compan t 15-031
yActual .
Controll www.c
er ninfo.c
om.cn
Zhengzh Controll
ou ed by
Sales
Xufei the same
Goods/L
Optoele parent Sales
abor 99.23 0 Yes
ctronic compan A-frame
service
Technol yActual
received
ogy Co., Controll
Ltd. er
Annou
Shijiazh Controll
nceme
uang ed by
Sales nt
Bofa the same
Goods/L No.20
Mechani parent Sales March
abor 137.82 1,000 No 15-031
cal compan A-frame 18, 2015
service .
Equipm yActual
received www.c
ent Co., Controll
ninfo.c
Ltd. er
om.cn
Shijiazh Controll
uang ed by Purchas
Bofa the same e
Mechani parent Goods/L Process
83.44 0 Yes
cal compan abor cost
Equipm yActual service
ent Co., Controll received
Ltd. er
Annou
nceme
Controll Sales nt
ing Goods/L No.20
Dongxu March
sharehol abor NEL 8,211.54 17,000 No 15-031
Group 18,
der service .
received www.c
ninfo.c
om.cn
26
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Shijiazh
Controll Glass
uang
ed by substra
Bofa Sales
the same te
Mechani Goods/L
parent defect
cal abor 3,641.21 0 Yes
compan detecti
Equipm service
yActual on
ent Co., received
Controll equipm
Ltd.
er ent
The
Technic
Zhengzh Controll al
ou ed by service
Sales
Xufei the same Contract
Goods/L
Optoele parent of the
abor 111.32 0 Yes
ctronic compan tangent
service
Technol yActual line of
received
ogy Co., Controll Xufei
Ltd. er flying
Producti
on line
Annou
Sichuan Controll
nceme
Xuhon ed by
Sales Xuhong nt
g the same
Goods/L Technol No.20
Optoel parent 14,294.8 March
abor ogy 15,000 No 15-031
ectroni compan 1 18, 2015
service upgradi .
c yActual
received ng www.c
Techno Controll
ninfo.c
logy er
om.cn
Annou
Zhengzh Controll
nceme
ou ed by
Sales nt
Xufei the same
Goods/L Xufei No.20
Optoele parent March
abor Kiln 757.31 790 No 15-031
ctronic compan 18, 2015
service upgrade .
Technol yActual
received www.c
ogy Co., Controll
ninfo.c
Ltd. er
om.cn
Zhengzh Controll Sales Xufei 5
1,984.91 0 Yes
ou ed by Goods/L line
27
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Xufei the same abor techn
Optoele parent service ology
ctronic compan received upgra
Technol yActual ding
ogy Co., Controll
Ltd. er
Shijiazh Controll
uang ed by
Sales
Xuxin the same
Goods/L
Optoele parent Sales
abor 8.69 0 Yes
ctronic compan material
service
Technol yActual
received
ogy Co., Controll
Ltd. er
Jinzhou Controll
Xulong ed by
Sales
Solar the same
Goods/L
energy parent Sales
abor 22.31 0 Yes
Techno compan material
service
logy yActual
received
Co., Controll
Ltd. er
Annou
Chengd Controll
nceme
uDongx ed by Purchas
nt
u the same e Purchas
No.20
Energy parent Goods/L Efficient March
1.54 10 No 15-031
Saving compan abor lightbul 18, 2015
.
Technol yActual service b
www.c
ogy Co., Controll received
ninfo.c
Ltd. er
om.cn
Controll Annou
ed by Purchas nceme
the same e nt
Baoshi parent Goods/L March No.:20
Energy 47.19 300 No
Group compan abor 18, 2015 15-031
yActual service www.c
Controll received ninfo.c
er om.cn
Total -- -- 36,577.3 -- 36,374 -- -- --
28
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
2. Related-party transactions arising from asset acquisition or sale
□ Applicable √ Not applicable
The Company was not involved in any related-party transactions arising from asset acquisition or sale during the reporting period.
3. Related-party transitions with joint investments
√ Applicable □ Not applicable
Main Registered Total assets Net assets of Net profit of
Pricing Name of
Joint investor Relationship business of capital of of investee investee investee
principle investee
investee investee (RMB0000) (RMB0000) (RMB0000)
Providing
trade
financing
through
assignment of
receivables;
settlement,
management
and
collection of
receivables;
management
Zhongda of sales
Chengxin account
Dongxu Controlling RMB 300
Agreement International ledger; 30,003.3 29,988.3 -11.69
Group Shareholder million
Commerce non-commerc
Co., Ltd. ial bad debt
guarantees
related to the
company
business;
customer
credit
investigation
and
assessment;
and related
consultation
service.
29
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
4. Credits and liabilities with related parties
√Applicable □Not applicable
Was there any non-operating credit or liability with any related party?
□Yes √ No
There is no any credit and liability with related parties of the Company of the reporting period.
5. Other significant related-party transactions
□ Applicable √ Not applicable
The Company was not Other significant related-party transactions during the reporting period.
VIII. Particulars about the non-operating occupation of funds by the controlling shareholder
and other related parties of the Company
□ Applicable √ Not applicable
The Company was not involved in the non-operating occupation of funds by the controlling shareholder and other related parties
during the reporting period..
IX. Particulars about significant contracts and their fulfillment
1. Particulars about trusteeship, contract and lease
(1) Trusteeship
√Applicable □Not applicable
Description of custodies
During the reporting period, the Company continued entrusted with the management of Dongxu( Yingkou) Optoelectronic Display
Co., Ltd., Sichuan Xuhong Optoelectronic Technology Co., Ltd., Dongxu Optoelectronic Investment Co., Ltd., holding Zhengzhou
Xufei Optoelectrionic Technology Co., Ltd., Shijiazhuang Baoshi Electrinic Group Co., Ltd., Shijiazhuang Xuxin Optoelectronic
Technology Co.,Ltd. and Chengdu Taiyisi Technology Co., Ltd.
Principal Equity Management fees paid by the company was annual RMB 500,000 each item; annual management fee was 1 million
yuan each item + incentive management fees.
Projects that have brought about gains/losses to the company taking over 10% of the Company’s total profit in the reporting period.
Before June 30, 2015, through the change of industrial and commercial registration, Chengdu Taiyisi Technology Co., Ltd. canceled
the business of R&D, manufacture and sales of LCD glass substrate. After the change of industrial and commercial registration,
competition in the same business with the company did not exist any more and the company would terminate the signed Entrusted
Management Agreement.
Projects that have brought about gains/losses to the company taking over 10% of the Company’s total profit in the reporting period.
□ Applicable√ Not applicable
N/A
(2) Contract
□ Applicable √ Not applicable
30
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
There was no any contract of the Company in the reporting period.
(3) Lease
□ Applicable √ Not applicable
There was not involved in ant lease of the Company in the reporting period.
2.Guarantees
√Applicable □ Not applicable
In RMB’0000
External Guarantee (Exclude controlled subsidiaries)
Guarante
Relevant e
Date of
disclosure Complete for
happening Actual
Name of the date/No. of Amount of Guarantee Guarantee implemen associate
(Date of mount of
Company the Guarantee type term tation d
signing guarantee
guaranteed or not parties
agreement)
amount (Yes or
no)
Guarantee of the Company for the controlling subsidiaries
Guarante
Relevant e
Date of Complete
disclosure for
Name of the Amount happening Actual implemen
date/No. of Guarantee Guarantee associate
Company of (Date o mount of tation
the type term d
guaranteed guarantee signing guarantee or
guaranteed parties
agreement) not
amount (Yes or
no)
Wuhu Dongxu
Optoelectronic The joint
May
Equipment 5,000 liability No No
16,2015
Technology Co., guaranty
Ltd.
Wuhu Dongxu
The joint
Optoelectronic Nay
15,000 liability No No
Technology Co., 16,2015
guaranty
Ltd.
Jiangsu Jixing The joint
May 16,
NewMaterial Co., 8,000 liability No No
2015
Ltd. guaranty
31
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Total of guarantee for Total of actual guarantee
subsidiaries 28,000 for subsidiaries in the 20,000
approved in the Period (B1) Period (B2)
Total of guarantee for Total of actual guarantee
subsidiaries 398,000 for subsidiaries at 290,000
approved at Period-end (B3) Period-end (B4)
Guarantee of the subsidiaries for the controlling subsidiaries
Guarante
Relevant e
Date of Complete
disclosure for
Name of the Amount happening Actual implemen
date/No. of Guarantee Guarantee associate
Company of (Date o mount of tation
the type term d
guaranteed guarantee signing guarantee or
guaranteed parties
agreement) not
amount (Yes or
no)
Total of Company’s guarantee（namely total of the large three aforementioned）
Total of guarantee in the Period Total of actual guarantee in
28,000 20,000
（A1+B1+C1） the Period（A2+B2+C2）
Total of actual guarantee at
Total of guarantee at Period-end
398,000 Period-end 290,000
（A3+B3+C3）
（A4+B4+C4）
The proportion of the total amount of actually guarantee in
43.89%
thenet assets of the Company(A4+B4+C4）
Including：
Amount of guarantee for shareholders, actual controller and its
0
associated parties（D）
The debts guarantee amount provided for the
Guaranteed parties whose assets-liability ratio exceed 55,000
70% directly or indirectly（E）
Proportion of total amount of guarantee in net assets of the
0
company exceed 50%（F）
Total guarantee Amount of the abovementioned guarantees
55,000
（D+E+F）
Description of the guarantee with complex method
（1）Guarantees provided by the company
□ Applicable √ Not applicable
32
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
There was not involved in any Guarantees provided by the company in the reporting period.
3. Other significant contracts
□ Applicable √ Not applicable
There was no other significant contract of the Company in the reporting period.
4. Other significant transactions
□ Applicable √ Not applicable
X. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
√Applicable □ Not applicable
Time of
Commitment Peiod of
Commitment Contents making Fulfillment
maker commitment
commitment
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
Shijiazhuang
six months after the first sales, will disclose the
Commitment on Baoshi March 29, Long-term Under
contents specified by the Form Guide to Prompt
share reform Electronics 2007 effective Fulfillment
Announcement of Removing Restriction on Sales of
Group Co., Ltd
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
Dongxu Group Co., Ltd. subscribed for 25.01% of the
Commitments shares privately issued by the Company and promised April 17, April 18, Under
Dongxu Group
made upon that the period of sale restriction of such shares was 2013 2016 Fulfillment
issuance 36 months from the first day of listing.
Dongxu In view of: Dongxu Optoelectronic Technology Co., February 2020-12-31 Under
33
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Optoelectronic Ltd. is applying for public offering of corporate 10,2015 Fulfillment
Technology Co., bonds, and the total scale of bonds will not exceed 1
Ltd. billion yuan. After the deduction of issue expenses, all
the funds raised are planed to be used to supplement
the liquidity and support the R&D, production and
material purchase of glass substrate and the
equipment. Thus, the demands of business operation
and expansion in the company will be satisfied. The
company promises: 1. The funds raised through the
public offering of corporate bonds will not be directly
or indirectly invested in real estate development
business, or used to increase the capital fund or as
loans in subsidiaries engaged in real estate business;
2. the funds raised through the public offering of
corporate bonds will not be used for real estate
development business in any form. The term of
validity of the promises is consistent with the duration
of the corporate bonds issued in the company this
time.
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 same or similar businesses.
2.The company assurances against the use of precious
Dongxu Group, stones share any act prejudicial to the control
Shijiazhuang relationship of Dongxu Optoelectronic interests and
December Long-term Under
Baoshi its wholly-owned subsidiaries, holding, or causing
22, 2011 effective Fulfillment
Electronics Dongxue Optoelectronic shares and its wholly-owned
Group Co., Ltd. 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 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.
34
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
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.
In view of:
(1) The main business of Dongxu Optoelectronic is
the production of TFT-LCD glass substrate, and the
company now is applying for non-public offering of
stock; (2) Dongxu Group is the controlling
shareholder of Dongxu Optoelectronic; and during the
period of holding, Dongxu Group has signed patent
license contracts separately with Dongxu
Optoelectronic and its subsidiaries including Wuhu
June 17, Long-term Under
Dongxu Group Dongxu Optoelectronic Science and Technology Co.,
2015 effective Fulfillment
Ltd. (hereinafter referred to as Wuhu Optoelectronic),
Wuhu Dongxu Optoelectronic Equipment Technology
Co., Ltd. (hereinafter referred to as Wuhu Equipment)
and Shijiazhuang Dongxu Optoelectronic Equipment
Technology Co., Ltd. (hereinafter referred to as
Shijiazhuang Equipment). For this purpose, Dongxu
Group has made following promises: within the term
of validity involving patent right stated in patent
license contracts, whether Dongxu Optoelectronic is
35
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
in the control of Dongxu Group or not, Dongxu
Group promises that when the above mentioned
patent license contracts expire, the group will
unconditionally renew the contracts with Dongxu
Optoelectronic and its subsidiaries (Wuhu
Optoelectronic, Wuhu Equipment, Shijiazhuang
Equipment and etc) according to the terms of original
contracts based on the requirements of Dongxu
Optoelectronic.
Other
commitments
made to minority
shareholders
Executed timely
Yes
or not?
XI. Particulars about engagement and disengagement of CPAs firm
Whether the semi-annual financial report had been audited?
□ Yes √ No
The semi-annual financial report has not been audited.
XII. Punishment and Rectification
□ Applicable √ Not applicable
There was no any punishment and rectification of the Company in the reporting period.
XIII. Reveal of the delisting risks of illegal or violation
□ Applicable √ Not applicable
There was no any delisting risk of illegal or violation of the Company in the reporting period.
XIV. Explanation about other significant matters
□ Applicable √ Not applicable
There was no any other significant matters of the Company in the reporting period.
36
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
VI. Change of share capital and shareholding of Principal
Shareholders
Ⅰ.Changes in share capital
In Shares
Before the change Increase/decrease（+，-） After the Change
Amount Proportion Capitalizat
ion of
Share Bonus Proportio
common Other Subtotal Quantity
allotment shares n
reserve
fund
1.Shares with conditional 393,410,8 393,410,8
14.78% 14.78%
subscription 79 79
393,410,8 393,410,8
3.Other domestic shares 14.78% 14.78%
79 79
Incl：Domestic legal 390,309,0 390,309,0
14.66% 14.66%
person shares 00 00
Domestic Natural Person
3,101,879 0.12% 3,101,879 0.12%
shares
II.Shares with 2,268,669, 2,268,669
85.22% 85.22%
unconditional subscription 122 ,122
2,018,669, 2,018,669
1.Common shares in RMB 75.83% 75.83%
121 ,121
2.Foreign shares in 250,000,0 250,000,0
9.39% 9.39%
domestic market 01 01
2,662,080, 2,662,080
III. Total of capital shares 100.00% 100.00%
001 ,001
Reasons for share changed:
□ Applicable √ Not applicable
Approval of Change of Shares
□ Applicable √ Not applicable
Ownership transfer of share changes
□ Applicable √ Not applicable
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to common
shareholders of Company in latest year and period
37
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
□ Applicable √ Not applicable
Other information necessary to disclose for the company or need to disclosed under requirement from security regulators
□ Applicable √ Not applicable
Explanation on changes in aspect of total shares, shareholders structures as well as structure of assets and liability of the Company
□ Applicable √ Not applicable
II. Number of shares and shares held
In shares
Total number of preferred
229,142(including 211,244
Total number of common shareholders that had restored
shareholders holding A shares
shareholders at the end of the the 0
and 17,898shareholders holding
reporting period voting right at the end of the
B shares)
reporting period (if any) (note 8)
Particulars about shares held above 5% by shareholders or top ten shareholders
Number Amount Number os share pledged/frozen
Amount of
Proportion of shares Changes in of
Nuture of un-restricte
Shareholders of shares held at reporting restricted
shareholder d shares State of share Amount
held（%） period period shares
held
-end held
Domestic Non
390,093,0 390,093,0
Dongxu Group -State-owned legal 14.65% Pledge 331,663,000
00 00
person
Shijiazhuang
Domestic Non
Baoshi 332,380,9 332,380,95
-State-owned legal 12.49% Pledge 327,590,148
Electronic 50 0
person
Group Co., Ltd.
Domestic Nature
Jin Huiming 0.33% 8,896,400 8,896,400
person
China
Merchants State-owned legal
0.29% 7,657,180 7,657,180
Securities (HK) person
Co., Ltd.
Beijing
Zhongdian Domestic Non
Guohua -State-owned legal 0.21% 5,600,000 5,600,000
Industry & person
Trade Co., Ltd
Wu Yizhong State-owned legal 0.20% 5,268,100 5,268,100
38
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
person
State-owned legal
Zhang Xing 0.18% 4,709,344 4,709,344
person
Shanghai
Overseas legal
Wanguo 0.17% 4,500,690 4,500,690
person
(HK)Securities
First Shanghai Overseas legal
0.16% 4,279,739 4,279,739
Securities person
Bank of China
－Castrol CSI
300 exchange
traded index Other 0.16% 4,147,741 4,147,741
securities
investment
Fund
Strategy investors or general legal
person becomes top 10 shareholders
N/A
due to rights issued (if applicable)
（See Notes 3）
Among the top ten shareholders , Dongxu Group and Baoshi Group have relationship and
Notes to the related relationship
constitute persons taking concerted action. The company does not know whether there is
between the top ten shareholders or
relationship between other 8 shareholders or whether they are persons taking concerted action
their concerted action
defined in Administrative Measures Relating to Acquisitions of Listed Companies.
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at Share type
Name of the shareholder
the end of the reporting period (Note 4) Share type Quantity
Shijiazhuang Baoshi Electronic
332,380,950 RMB Common shares 332,380,950
Group Co., Ltd.
Jin Huiming 8,896,400 RMB Common shares 8,896,400
China Merchants Securities (HK)
7,657,180 Foreign shares placed in domestic exchange 7,657,180
Co., Ltd.
Beijing Zhongdian Guohua Industry
5,600,000 RMB Common shares 5,600,000
& Trade Co., Ltd
Wu Yizhong 5,268,100 RMB Common shares 5,268,100
Zhang Xing 4,709,344 RMB Common shares 4,709,344
Shanghai Wanguo (HK)Securities 4,500,690 Foreign shares placed in domestic exchange 4,500,690
First Shanghai Securities 4,279,739 Foreign shares placed in domestic exchange 4,279,739
39
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Bank of China－Castrol CSI 300
exchange traded index securities 4,147,741 RMB Common shares 4,147,741
investment Fund
Wei Jie 4,050,000 RMB Common shares 4,050,000
Explanation on associated
relationship or consistent action Among the top ten shareholders holding non-restricted negotiable shares, Dongxu Group and
among the top 10 shareholders of Baoshi Group have relationship and constitute persons taking concerted action. The Company
non-restricted negotiable shares and does not know whether there is relationship between the other top 10 shareholders holding
that between the top 10 shareholders non-restricted negotiable shares and between such shareholders
of non-restricted negotiable shares and the other top 10 shareholders.
and top 10 shareholders
Explanation on shareholders The natural persons in the top ten common stockholders Jin Huiming, Wu Yizhong and Zhang
participating in the margin trading Xing host 8,896,400 shares, 5,268,100 shares and 4,709,344 shares separately through margin
business(if any )(See Notes 4) trading, taking 0.33%, 0.20% and 0.18% of the total shares in the company.
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy –back
agreement dealing in reporting period.
III. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.
Change of the actual controller in the reporting period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
IV. Share holding increasing plan proposed or implemented in reporting period from
shareholder of the Company and its concerted action person
□ Applicable √ Not applicable
As far as the Company know, there are no share holding increasing plan proposed or implemented in Period from shareholder of the
Company and its concerted action person.
40
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
VII. Situation of the Preferred Shares
□Applicable √Not applicable
The Company had no preferred shares in the reporting period
41
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
VIII. Information about Directors, Supervisors and Senior Executives
I. Change in shares held by directors, supervisors and senior executives
□ Applicable √ Not Applicable
There was no change in shareholding of directors, supervisors and senior management staffs, for the specific information please refer
to the 2014 Annual Report.
II. Changes in directors, supervisors and senior management staffs
√ Applicable □ Not applicable
Name Title Type Date Reason
Gong Xin Board secretary Hired April 20, 2015 Hired
Gong Xin Director Elected June 1, 2015 Hired
Deputy General
Xiao Zhaoxiong Hired May 15, 2015 Hired
Manger
Director, Board
Fu Yinfang Left April 20,2015 For the change of work
secretary
Deputy General
Hou Jianwei Left May 15,2015 For the change of work
Manager
42
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
IX. Financial Report
Ⅰ. Audit report
Has this semi-annual report been audited?
□ Yes √ No
The semi-annual financial report has not been audited.
II. Financial statements
Currency unit for the statements in the notes to these financial statements:RMB
1.Consolidated Balance sheet
Prepared by: Dongxu Optoelectronic Technology Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 4,854,528,739.02 3,196,271,083.93
Settlement provision
Outgoing call loan
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Bill receivable 105,454,469.75 449,510,678.50
Account receivable 1,118,392,689.73 638,809,800.10
Prepayments 2,282,576,812.16 2,749,454,904.89
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable
Dividend receivable
Other account receivable 69,733,369.82 43,302,115.88
43
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Repurchasing of financial assets
Inventories 1,268,638,087.33 512,854,086.79
Assets held for sales
Non-current asset due in 1 year
Other current asset 597,235,123.60 510,571,217.34
Total of current assets 10,296,559,291.41 8,100,773,887.43
Non-current assets：
Loans and payment on other’ behalf
disbursed
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment 71,971,922.26
Property investment
Fixed assets 2,729,443,492.28 1,958,761,855.66
Construction in progress 2,132,120,799.89 2,045,729,633.22
Engineering material 128,296,951.13 22,095,086.42
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 282,990,656.84 220,645,757.06
R & D petrol 23,976,167.26
Goodwill
Long-germ expenses to be amortized 14,907,518.84 14,106,796.67
Differed income tax asset 153,507,221.55 106,050,283.31
Other non-current asset
Total of non-current assets 5,537,214,730.05 4,367,389,412.34
Total of assets 15,833,774,021.46 12,468,163,299.77
Current liabilities
Short-term loans 2,636,252,500.00 1,288,900,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
44
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Bill payable 334,000,000.00 280,000,000.00
Account payable 327,140,419.54 232,393,429.70
Advance payment 78,349,979.51 22,382,273.47
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 30,839,991.04 23,745,764.49
Tax payable 168,491,331.87 108,920,459.16
Interest payable 6,666,666.67
Dividend payable 30,000,000.00
Other account payable 76,205,360.95 69,267,124.39
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 416,000,000.00 268,000,000.00
Other current liability 63,687,933.33 63,687,933.33
Total of current liability 4,137,634,182.91 2,387,296,984.54
Non-current liabilities：
Long-term loan 3,804,000,000.00 3,572,000,000.00
Bond payable 987,254,616.00
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable employees’s
remuneration
Special payable
Expected liabilities
Differed income 31,815,144.47 33,064,111.11
Differed income tax liability
45
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Other non-current liabilities
Total non-current liabilities 4,823,069,760.47 3,605,064,111.11
Total of liability 8,960,703,943.38 5,992,361,095.65
Owners’ equity
Share capital 2,662,080,001.00 2,662,080,001.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 2,923,431,483.54 2,919,966,918.24
Less：Shares in stock
Other comprehensive income
Special reserves
Surplus reserves 66,158,108.81 66,158,108.81
Common risk provision
Undistributed profit 955,497,212.82 788,527,477.96
Total of owner’s equity belong to the
6,607,166,806.17 6,436,732,506.01
parent company
Minority shareholders’ equity 265,903,271.91 39,069,698.11
Total of owners’ equity 6,873,070,078.08 6,475,802,204.12
Total of liabilities and owners’ equity 15,833,774,021.46 12,468,163,299.77
2. Balance sheet of the Parent Company
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 3,196,765,665.86 1,736,774,243.99
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable 319,241.25 100,000.00
Account receivable 16,504,868.62 12,495,493.29
Prepayments 94,848,816.24 863,556,776.13
46
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Interest receivable
Dividend receivable 323,000,000.00
Other account receivable 1,085,755,975.75 316,867,754.88
Inventories 20,300,329.85 18,563,041.11
Assets held for sales
Non-current asset due in 1 year
Other current asset 247,165.08 19,211.84
Total of current assets 4,414,742,062.65 3,271,376,521.24
Non-current assets：
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment 5,416,729,257.75 5,096,912,035.49
Property investment
Fixed assets 52,927,420.31 55,683,240.25
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 10,358,832.93 10,521,614.79
R & D petrol
Goodwill
Long-germ expenses to be amortized
Differed income tax asset 23,353,557.31 9,097,970.44
Other non-current asset
Total of non-current assets 5,503,369,068.30 5,172,214,860.97
Total of assets 9,918,111,130.95 8,443,591,382.21
Current liabilities
Short-term loans 1,780,000,000.00 900,000,000.00
Financial liabilities measured at fair
value with variations accounted into
current income account
47
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Derivative financial liabilities
Bill payable
Account payable 23,715,842.47 19,083,770.39
Advance payment 34,747.90 20,937.90
Employees’ wage payable 3,628,450.90 5,250,269.40
Tax payable 9,473,368.02 1,986,624.99
Interest payable 6,666,666.67
Dividend payable
Other account payable 773,557,152.65 1,253,172,816.58
Liabilities held for sales
Non-current liability due in 1 year
Other current liability 20,000.00 20,000.00
Total of current liability 2,597,096,228.61 2,179,534,419.26
Non-current liabilities：
Long-term loan 840,000,000.00 400,000,000.00
Bond payable 987,254,616.00
Including：preferred stock
Sustainable debt
Long-term payable
Employees’ wage payable
Special payable
Expected liabilities
Differed income 15,000.00 25,000.00
Differed income tax liability
Other non-current liabilities
Total of Non-current liabilities 1,827,269,616.00 400,025,000.00
Total of liability 4,424,365,844.61 2,579,559,419.26
Owners’ equity
Share capital 2,662,080,001.00 2,662,080,001.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 2,785,901,203.79 2,782,714,603.79
48
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Less：Shares in stock
Other comprehensive income
Special reserves
Surplus reserves 70,907,471.36 70,907,471.36
Undistributed profit -25,143,389.81 348,329,886.80
Total of owners’ equity 5,493,745,286.34 5,864,031,962.95
Total of liabilities and owners’ equity 9,918,111,130.95 8,443,591,382.21
3.Consolidated Profit statement
In RMB
Item Report period Same period of the previous year
I. Income from the key business 1,446,600,260.53 909,974,743.09
Incl：Business income 1,446,600,260.53 909,974,743.09
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 1,113,811,086.22 556,604,695.22
Incl：Business cost 805,970,226.66 433,071,741.04
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 21,128,207.92 15,054,887.96
Sales expense 9,884,805.60 4,393,918.77
Administrative expense 147,397,071.27 80,606,612.19
Financial expenses 141,331,996.97 23,389,000.06
Asset impairment loss -11,901,222.20 88,535.20
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） -28,077.74
49
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Incl: investment gains from affiliates
Gains from currency exchange（“-”
for loss）
III. Operational profit（“-”for loss） 332,761,096.57 353,370,047.87
Add ：Non-operational income 207,894,658.66 180,811,244.28
Including：Income from disposal of
non-current assets
Less：Non business expenses 87,226.66 11,600.24
Incl：Loss from disposal of non-current
35,050.57
assets
IV.Total profit(“-”for loss) 540,568,528.57 534,169,691.91
Less：Income tax expenses 86,702,376.06 95,070,735.56
V. Net profit 453,866,152.51 439,098,956.35
Net profit attributable to the owners of
433,177,734.96 407,536,660.90
parent company
Minority shareholders’ equity 20,688,417.55 31,562,295.45
VI. Other comprehensive income
Net of profit of other comprehensive inco
me attributable to owners of the parent co
mpany.
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
（II）
Other comprehensive income that will be
reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2.Gains and losses from changes in fair v
alue available for sale financial assets
50
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
3.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
4.The effective portion of cash flow hedg
es and losses
5.Translation differences in currency fina
ncial statements
6.Other
7.Net of profit of other comprehensive in
come attributable to Minority
shareholders’ equity
VII. Total comprehensive income 453,866,152.51 439,098,956.35
Total comprehensive income attributable
433,177,734.96 407,536,660.90
to the owner of the parent company
Total comprehensive income
20,688,417.55 31,562,295.45
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.160 0.150
(II)Diluted earnings per share 0.160 0.150
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0, last period the combined party realized RMB 0.
4. Profit statement of the Parent Company
In RMB
Items Report period Same period of the previous year
I. Income from the key business 7,294,837.62 21,304,558.48
Incl：Business cost 3,468,388.61 18,423,075.94
Business tax and surcharge 355,504.32 118,271.63
Sales expense 99.00 102,322.30
Administrative expense 35,929,891.65 13,243,377.52
Financial expenses 95,587,876.47 464,153.66
Asset impairment loss -6,573,921.23 -950.00
Add：Gains from change of fir value
（“-”for loss）
51
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Investment gain（“-”for loss） -28,077.74
Incl: investment gains from affiliates
II. Operational profit（“-”for loss） -121,501,078.94 -11,045,692.57
Add ：Non-operational income 13,924.00 4,827,879.87
Including：Income from disposal
of non-current assets
Less：Non business expenses 33,708.44 4,520.24
Incl：Loss from disposal of
non-current assets
III.Total profit(“-”for loss) -121,520,863.38 -6,222,332.94
Less：Income tax expenses -14,255,586.87
IV. Net profit（“-”for net loss） -107,265,276.51 -6,222,332.94
V.Net of profit of other comprehensive i
ncome
（I）Other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（II）
Other comprehensive income that will b
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
52
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
5.Translation differences in currency fin
ancial statements
6.Other
VI. Total comprehensive income -107,265,276.51 -6,222,332.94
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Cash flow statement
In RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
1,564,891,513.33 49,344,056.60
rending of services
Net increase of customer deposits
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 50,453,501.41 60,396,989.72
Other cash received from business
141,750,070.25 201,797,068.93
operation
Sub-total of cash inflow 1,757,095,084.99 311,538,115.25
53
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Cash paid for purchasing of
1,190,336,568.05 1,289,412,169.27
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 147,605,169.74 85,309,285.08
Taxes paid 218,341,898.58 228,336,359.48
Other cash paid for business activities 125,737,992.84 200,282,386.47
Sub-total of cash outflow from business
1,682,021,629.21 1,803,340,200.30
activities
Cash flow generated by business
75,073,455.78 -1,491,802,085.05
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and other
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 64,574,268.94 21,508,443.43
Sub-total of cash inflow due to
64,574,268.94 21,508,443.43
investment activities
Cash paid for construction of
fixed assets, intangible assets 516,220,411.18 617,734,996.28
and other long-term assets
Cash paid as investment 72,000,000.00 20,513,728.53
Net increase of loan against pledge
Net cash received from subsidiaries and
other operational units
Other cash paid for investment 70,000,000.00
54
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
activities
Sub-total of cash outflow due to
658,220,411.18 638,248,724.81
investment activities
Net cash flow generated by investment -593,646,142.24 -616,740,281.38
III.Cash flow generated by financing
Cash received as investment 19,500,000.00
Incl: Cash received as investment from
19,500,000.00
minor shareholders
Cash received as loans 2,008,000,000.00 1,715,000,000.00
Cash received from bond placing 987,000,000.00
Other financing –related ash received 95,277,905.61
Sub-total of cash inflow from financing
3,109,777,905.61 1,715,000,000.00
activities
Cash to repay debts 386,905,000.00 290,000,000.00
Cash paid as dividend, profit, or
515,241,220.51 106,468,388.77
interests
Incl: Dividend and profit paid by
30,000,000.00
subsidiaries to minor shareholders
Other cash paid for financing activities 217,000,000.00 17,342,000.61
Sub-total of cash outflow due to
1,119,146,220.51 413,810,389.38
financing activities
Net cash flow generated by financing 1,990,631,685.10 1,301,189,610.62
IV. Influence of exchange rate
16,161.97
alternation on cash and cash equivalents
V.Net increase of cash and cash
1,472,075,160.61 -807,352,755.81
equivalents
Add: balance of cash and cash
3,006,271,083.93 2,465,010,913.24
equivalents at the beginning of term
VI ..Balance of cash and cash
4,478,346,244.54 1,657,658,157.43
equivalents at the end of term
6. Cash Flow Statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
55
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Cash received from sales of goods or
3,599,404.67 2,961,260.02
rending of services
Tax returned 7,206.86
Other cash received from business
105,518,118.53 705,272,227.65
operation
Sub-total of cash inflow 109,117,523.20 708,240,694.53
Cash paid for purchasing of
492,650.00 605,820.09
merchandise and services
Cash paid to staffs or paid for staffs 6,239,025.41 6,405,716.76
Taxes paid 3,301,210.63 2,382,458.67
Other cash paid for business activities 197,654,360.86 401,480,295.47
Sub-total of cash outflow from business
207,687,246.90 410,874,290.99
activities
Cash flow generated by business
-98,569,723.70 297,366,403.54
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and other
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
investment activities
Cash paid for construction of
fixed assets, intangible assets
and other long-term assets
Cash paid as investment 314,845,300.00 340,453,728.53
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
70,000,000.00
activities
Sub-total of cash outflow due to 384,845,300.00 340,453,728.53
56
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
investment activities
Net cash flow generated by investment -384,845,300.00 -340,453,728.53
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 1,420,000,000.00 100,000,000.00
Cash received from bond placing 987,000,000.00
Other financing –related ash received 377,205.49
Sub-total of cash inflow from
2,407,377,205.49 100,000,000.00
financing activities
Cash to repay debts 100,000,000.00
Cash paid as dividend, profit, or
349,970,759.92
interests
Other cash paid for financing activities 14,000,000.00
Sub-total of cash outflow due to
463,970,759.92
financing activities
Net cash flow generated by financing 1,943,406,445.57 100,000,000.00
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
1,459,991,421.87 56,912,675.01
equivalents
Add: balance of cash and cash
1,736,774,243.99 29,805,307.79
equivalents at the beginning of term
VI ..Balance of cash and cash
3,196,765,665.86 86,717,982.80
equivalents at the end of term
7. Consolidated Statement on Change in Owners’ Equity
Amount in this period
In RMB
Amount in this period
Owner’s equity Attributable to the Parent Company
Minor Total
Other Equity
Items Less: Other Surplu Comm shareh of
Share instrusment Capital Specia Attribu
Shares Compre s on risk olders owner
Capit prefer reserve lized table
in hensive reserve provisi ’ s’
al red Sustai Other s reserve profit
stock Income s on equity equity
stock nable
57
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
debt
2,662, 2,919,9 6,475,8
I.Balance at the 66,158, 788,527 39,069,
080,00 66,918. 02,204.
end of last year 108.81 ,477.96 698.11
1.00 24 12
Add: Change of
accounting
policy
Correcting of
previous errors
Merger of entities
under common
control
Other
II.Balance at the 2,662, 2,919,9 6,475,8
66,158, 788,527 39,069,
beginning of 080,00 66,918. 02,204.
108.81 ,477.96 698.11
current year 1.00 24 12
III.Changed in the 3,464,5 166,969 226,833 397,267
current year 65.30 ,734.86 ,573.80 ,873.96
（1）Total
433,177 20,688, 453,866
comprehensive
,734.96 417.55 ,152.51
income
（II）Investment
3,464,5 24,000, 27,464,
or decreasing of
65.30 000.00 565.30
capital by owners
1．Ordinary Share
3,464,5 24,000, 27,464,
s invested by hare
65.30 000.00 565.30
holders
2 ． Holders of oth
er equity instrume
nts invested capital
3．Amount of
shares paid and
accounted as
owners’ equity
4．Other
-266,20 -266,20
（III）Profit
8,000.1 8,000.1
allotment
0 0
58
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
1.Providing of
surplus reserves
2.Providing of
common risk
provisions
3．Allotment to the -266,20 -266,20
owners (or 8,000.1 8,000.1
shareholders) 0 0
4．Other
(IV) Internal
transferring of
owners’ equity
1. Capitalizing of
capital reserves (or
to capital shares)
2. Capitalizing of
surplus reserves
(or to capital
shares)
3．Making up
losses by surplus
reserves.
4. Other
(V). Special
reserves
1. Provided this
year
2．Used this term
182,145 182,145
（VI）Other
,156.25 ,156.25
2,662, 2,923,4 6,873,0
IV. Balance at the 66,158, 955,497 265,903
080,00 31,483. 70,078.
end of this term 108.81 ,212.82 ,271.91
1.00 54 08
Amount in last year
In RMB
Items Amount in last year
59
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Owners equity Attributable to the Parent Company
Other Equity Total
Minor
instrusment Other Commo of
Share Less: Speciali Attribut shareho
Capital Compre Surplus n risk owner
Capit prefer Shares zed able lders
Sustai reserves hensive reserves provisio s’
al red Other in stock reserve profit equity
nable Income n equity
stock
debt
903,00 4,936,6 5,874,2
I.Balance at the 27,454, -53,394, 60,527,
0,000. 13,311. 01,438.
end of last year 788.05 384.81 723.53
00 80 57
Add: Change of
accounting
policy
Correcting of
previous errors
Merger of entities
under common
control
Other
II.Balance at the 903,00 4,936,6 5,874,2
27,454, -53,394, 60,527,
beginning of 0,000. 13,311. 01,438.
788.05 384.81 723.53
current year 00 80 57
1,806, -1,806,0
III.Changed in the 407,536 31,562, 439,098
000,00 00,000.
current year ,660.90 295.45 ,956.35
0.00 00
（1）Total
407,536 31,562, 439,098
comprehensive
,660.90 295.45 ,956.35
income
（II）Investment
or decreasing of
capital by owners
1．Ordinary Share
s invested by hare
holders
2 ． Holders of oth
er equity instrume
nts invested capital
3．Allotment to the
60
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
owners (or
shareholders)
4．Other
(IV) Internal
transferring of
owners’ equity
1. Capitalizing of
capital reserves (or
to capital shares)
2. Capitalizing of
surplus reserves
(or to capital
shares)
3．Making up
losses by surplus
reserves.
4. Other
1,806, -1,806,0
(VI )Special
000,00 00,000.
reserves
0.00 00
1,806, -1,806,0
1. Provided this
000,00 00,000.
year
0.00 00
2．Used this term
（VII）Other
IV. Balance at the
end of this term
(V) Special
reserves
1. Provided this
year
2．Used this term
（VI）Other
2,709, 3,130,6 6,313,3
IV. Balance at the 27,454, 354,142 92,090,
000,00 13,311. 00,394.
end of this term 788.05 ,276.09 018.98
0.00 80 92
61
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
8.Statement of change in owner’s Equity of the Parent Company
Amount in this period
In RMB
Amount in this period
Other Equity instrusment
Other
Less: Common Attribut Total of
Items Share Capital Compreh Surplus
preferre Sustain Shares in risk able owners’
Capital Other reserves ensive reserves
d stock able stock provision profit equity
Income
debt
I.Balance at the 2,662,08 2,782,714 70,907,47 348,329 5,864,031
end of last year 0,001.00 ,603.79 1.36 ,886.80 ,962.95
Add: Change of
accounting
policy
Correcting of
previous errors
Other
II.Balance at the
2,662,08 2,782,714 70,907,47 348,329 5,864,031
beginning of
0,001.00 ,603.79 1.36 ,886.80 ,962.95
current year
-373,47
III.Changed in the 3,186,600 -370,286,
3,276.6
current year .00 676.61
1
（I）Total -107,26
-107,265,
comprehensive 5,276.5
276.51
income 1
(II) Investment or
3,186,600 3,186,600
decreasing of
.00 .00
capital by owners
1．Ordinary Share
3,186,600 3,186,600
s invested by hareh
.00 .00
olders
2 ． Holders of oth
er equity instrume
nts invested capital
3.Amount of
shares paid and
62
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
accounted as
owners’ equity
-277,965. -277,965.
4．Other
30 30
-266,20
（III）Profit -266,208,
8,000.1
allotment 000.10
0
1.Providing of
surplus reserves
2．Allotment to the -266,20
-266,208,
owners (or 8,000.1
000.10
shareholders) 0
3．Other
(IV)Internal
transferring of
owners’ equity
1. Capitalizing of
capital reserves (or
to capital shares)
2. Capitalizing of
surplus reserves
(or to capital
shares)
3．Making up
losses by surplus
reserves.
4. Other
(V) Special
reserves
1. Provided this
year
2．Used this term
（VI）Other
IV. Balance at the 2,662,08 2,785,901 70,907,47 -25,143, 5,493,745
end of this term 0,001.00 ,203.79 1.36 389.81 ,286.34
Amount in last year
In RMB
63
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Amount in last year
Other Equity instrusment
Other Commo
Items
Less: Attribu Total of
Share Capital Compreh Surplus n risk
preferre Sustain Shares table owners’
Capital Other reserves ensive reserves provisio
d stock able in stock profit equity
Income n
debt
-538,92
I.Balance at the 903,000, 4,799,360 32,204,15 5,195,638
6,803.5
end of last year 000.00 ,997.35 0.60 ,344.44
1
Add: Change of
accounting
policy
Correcting of
previous errors
Other
II.Balance at the -538,92
903,000, 4,799,360 32,204,15 5,195,638
beginning of 6,803.5
000.00 ,997.35 0.60 ,344.44
current year 1
III.Changed in the 1,806,00 -1,806,00 -6,222,3 -6,222,33
current year 0,000.00 0,000.00 32.94 2.94
（I）Total
-6,222,3 -6,222,33
comprehensive
32.94 2.94
income
(II) Investment or
decreasing of
capital by owners
1．Ordinary Share
s invested by hareh
olders
2 ． Holders of oth
er equity instrume
nts invested capital
3.Amount of
shares paid and
accounted as
owners’ equity
4．Other
（III）Profit
64
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
allotment
1.Providing of
surplus reserves
2．Allotment to the
owners (or
shareholders)
3．Other
(IV)Internal
1,806,00 -1,806,00
transferring of
0,000.00 0,000.00
owners’ equity
1. Capitalizing of
1,806,00 -1,806,00
capital reserves (or
0,000.00 0,000.00
to capital shares)
2. Capitalizing of
surplus reserves
(or to capital
shares)
3．Making up
losses by surplus
reserves.
4. Other
(V) Special
reserves
1. Provided this
year
2．Used this term
（VI）Other
-545,14
IV. Balance at the 2,709,00 2,993,360 32,204,15 5,189,416
9,136.4
end of this term 0,000.00 ,997.35 0.60 ,011.50
5
III.Brief introduction of the Company：
Approved by Hebei Economic System Reform Commission with the Approval of Establishment of Dongxu Optoelectronic
Technology Co., Ltd.（Hereinafter referred to as “The Company”or “Dongxu Optoelectronic”）(Ji Ti Gfai Wei Gu Zi(1992) No.5
Document) in 1992, Shijiazhuang Baoshi Electronic Glass Co., Ltd. is a joint stock limited company company jointly established by
Shijiazhuang Kinescope General Factory (transformed into Shijiazhuang Baoshi Electronics Group Co., Ltd.later), China Electronic
Import and export Corporaqtion and Zonghua Hebei Import and Export Company. At the Time of establishment, the Company had
25.68 million shares (the par value of each share is RMB 10) and total share capital of RMB 256.80 million.
65
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
On July 17, 1993, the Company held a provisional shareholders' general meeting and decided to split the stock equity with par value of
RMB 10 per share into stock equity with par value of RMB 1 per share. As a result, the total number of the Company's shares became
256.80 million and its total share capital became RMB 256.80 million.
Approved by Securities Commission under State Council with the Approval of Issue of 100 Million Domestically Listed Foreign
Investment Shares by Shijiazhuang Baoshi Electronic Glass Co., Ltd. (Zheng Wei Fa (1996) No. 15 Document) on June 11, 1996, the
Company issued 100 million domestically listed foreign investment shares (B shares) (the par value of each share is RMB 1). Approved
by China Securities Regulatory Commission with the Approval of the Application of Shijiazhuang Baoshi Electronic Glass Co., Ltd.
to Publicly Issue Shares (Zheng Jian Fa Zi (1996) No. 174 Document) on August 30 of the same year, the Company publicly issued
26.20 million shares (the par value of each share is RMB 1). As of September 17, 1996, the total share capital of the Company
increased to RMB 383 million.
According to the Approval of Private Issue of Shares by Shijiazhuang Baoshi Electronic Glass Co., Ltd. (Zhen Jian Xu Ke (2012) No.
1661 Document) issued by China Securities Regulatory Commission ("CSRC"), the Company privately issued 520 million RMB
ordinary shares (A shares) to specific investors at the price of RMB 9.69 per share on April 3, 2013. All investors subscribed for shares
in cash. After this private issue, the registered capital of the Company was changed to RMB 903.00 million.
The controlling shareholder of the company by the Shijiazhuang Baoshi Electronic Group Co., Ltd. changed to Dongxu Group , a dir
ect stake of 14.40%, Shijiazhuang Baoshi Electronic Glass Co., Ltd. held the indirectly 12.27% of the share.
The 6th Provisional shareholder meeting in 2013 approved the name change of Shijiazhuang Baoshi Electronic Glass Co., Ltd. to Do
ngxu Optoelectronic Technology Co., Ltd..
According to the resolution of annual shareholder meeting in 2013 and the provisions of amendments to articles of association approved on
April 27, 2014, the company has transferred 20 shares for each 10 shares to all shareholders, and with total shares of 1806 million
transferred ,and the registered capital is RMB2709 million after changed.
As per the provisions of “Restricted Stock Incentive Plan of Dongxu Optoelectronic Technology Co., Ltd. (Draft)” and its summary proposal
approved after the second temporary shareholders resolution in 2014, the company has implemented the stock option incentive to grant 41
people the restricted stocks of RMB3,080,000.00 with the price of RMB3.88 per share, which are all in cash subscription. Thus, the
company shall increase the share capital of RMB3.08 million and the capital reserve of RMB 8,870,400.00, and the share capital is
RMB2,712,080,000.00 after changed.
Under the provisions of “Proposal on Repurchase of Part of Domestic Listed Foreign Shares (Share B)” approved after the second temporary
shareholders resolution in 2014, the company has repurchased 49,999,999.00 B shares released outside, and the repurchased shares shall be
written off and the registered capital is reduced correspondingly. Thus, the company shall decrease the share capital of RMB49,999,999.00
and the capital reserve of RMB218,024,376.60, and the share capital is RMB2,662,080,001.00 after changed.
As of June 30, 2015, Registered capital :RMB 2,662,080,001.00, Legal representative: Li Zhaoting, Registration No. of Legal Entity
Business License : 130000000001040, Registered Address: No.9, Huanghe Road, Shijiazhuang High-tech Industrial Development Area,
Shijiazhuang, Hebei Province.
Business scope: electronic vacuum glass devices and supporting electronic components, automotive parts production and sales and
after-sales services; management of the enterprise's own products export business and the business of mechanical equipment, spare
parts, raw materials imports business (except the goods and technology that the country limit or prohibit to import and export), flat
panel display glass substrate industry, investment, construction and operation and related technology development, technology
consulting, technology services, technology transfer; hydrogen (52.23 tons / year) of production (valid until June 30, 2015 (can not
operate the laws, regulations and the State Council decided to ban or restrict, ; can operate after get approval from other
departments).
From January to June of 2015, 10 subsidiaries and 3 sub-subsidiaries were included in the consolidation scope by the company, see
66
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
details at Note 7 “Rights and Interests in Other Subjects ”. The consolidation scope of the company increased by 2 companies year
on year at this reporting period, see details at Note 6“Change of Consolidation Scope”
Financial statements and notes to the financial statements approved at the 40th meeting of the seventh Board of of Directors on
August 28, 2015.
IV.Basis for the preparation of financial statements
1.Basis for the preparation
The financial statements of the company are prepared based on the going-concern assumption and the actual transactions and items,
and as per “Accounting Standards for Business Enterprises – Basic Standards” (released in Decree No.33, Ministry of Finance
and amended in Decree No.76, Ministry of Finance) issued by Ministry of Finance, 41 specific accounting standards, application
guide of accounting standards for business enterprises, interpretation of accounting standards for business enterprise and other
provisions (collectively called “Accounting Standards for Business Enterprises” hereinafter) issued and amended on February 15,
2006 and later, and the disclosure provisions of “Rules for the Information Disclosure and Compilation of Companies Publicly
Issuing Securities No.15 – General Rules on Financial Reports (Revised in 2014)” of China Securities Regulatory Commission.
2. Going-concern
The company has the capacity to continually operate within 12 months at least since the end of report period, and hasnt the major
issues impacting on the sustainable operation ability.
V.Principal accounting policies and accounting estimates
Principal accounting policies and accounting estimates，Specific accounting policies and accounting estimates tips:
The Company under the Ministry of Finance issued in 2014 - Accounting Standard For Business Enterprises No.2-Long-term equity i
nvestment.（Announced 2014
and other eight Accounting Standards to change the related Accounting Policies. But the comparison does not involve retrospective r
estatement of financial statements.
1. Statement on complying with corporate accounting standards
The Company state: the financial statements prepared are in line with the requirements in enterprise accounting standards in line with
of system, and have truly and completely reflected of the financial status in June 30, 2015 , operational results, cash flow, and other
relevant information for half year of 2015.
2.Accounting year:
from January 1 to December 31 as one accounting year.
3. Operating Cycle
The normal business cycle refers to the period from the assets used for processing after purchased by the company to the cash or cash
67
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
equivalents achieved. 12 months are regarded as one operating cycle in the company, and which is as the division criterion for the
liquidity of assets and liabilities.
4.Standard currency for bookkeeping：
The Company takes RMB as the standard currency for bookkeeping.
5. Accounting treatment methods of the merger of enterprises under the control of the same company and
different companies
Business combination refers to the transactions or items with one reporting entity formed by the combination of two or more separate
enterprises. The business combination shall be divided into the business combination under common control and the business
combination under non-common control.
(1) Business Combination under Common Control
The business combination under common control refers to the business combination in which all of the combining enterprises are
ultimately controlled by the same party or parties both before and after the combination, and that control is not transitory. Of which,
the combining party is that acquiring the control right to other combining enterprises at combining date, and the combining date
means the date that the combining party actually acquires the control right of the combined party.
The assets and liabilities acquired by the combining party are measured in accordance with the book value of the combined party at
the combining date. For the balance between the book value of net assets acquired by the combining party and the book value of the
combining valuable consideration (or the nominal amount of issued shares), the capital reserves (stock premium) shall be adjusted, or
the retained earnings shall be adjusted when the capital reserves (stock premium) are insufficient.
All the costs directly incurred for the business combination by the combining party shall be recorded into the current profits and
losses when occurred.
（2）Business Combination under Non-common Control
The business combination under non-common control refers to the business combination in which all of the combining enterprises
are not ultimately controlled by the same party or parties both before and after the combination. Of which, the acquirer is that
obtaining the control right to other combining enterprises at acquisition date, and other combining enterprises refers to the acquiree.
The acquisition date means the date that the acquirer actually obtains the control right of the acquiree.
For the business combination under non-common control, the merger costs include the assets paid for obtaining the control right of
acquiree by the acquirer, the liabilities occurred or borne and the fair value of equity securities issued, the intermediary fees for audit,
legal services, evaluation and consultation when the business combination issued, and other management costs shall be recorded into
the current profits and losses when occurred. The transaction costs of equity securities or debt securities issued for the merger
consideration by the acquirer shall be included into the initially recognized amount of the equity securities or the debt securities. The
contingent consideration involved shall be recorded into the merger cost as per the fair value at the acquisition date. Within 12
months after the acquisition date, the combining business reputation should be adjusted correspondingly if the contingent
consideration is required to adjust because of new or further evidence for the existed situation on the acquisition date. The merger
cost issued by the acquirer and the identifiable net assets acquired in the combination are measured as per the fair value on the
acquisition date. The difference of the merger cost minus the fair value shares of identifiable net assets obtained by the acquiree
during the merger on the acquisition date, is recognized as the business reputation. While the merger cost is less than the fair value
shares of identifiable net assets obtained by the acquiree during the merger, all the measurement on the identifiable assets, the
liabilities, the fair value of liabilities and the merger cost obtained by the acquiree should firstly be rechecked, and the difference
shall be recorded into the current profits and costs if the merger cost is still less than the fair value shares of identifiable net assets
obtained by the acquiree during the merger after rechecking.
68
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
If the deductible temporary difference of acquiree obtained by the acquirer is not recognized due to the recognition condition of the
deferred income tax assets unmet on the acquisition date. Within 12 months after the acquisition date, the relevant deferred income
tax assets shall be recognized and the business reputation shall be reduced if the acquired new or further evidence shows that the
relevant situation has already existed and the economic benefit gained by the acquiree from the deductible temporary difference is
expected to achieve, and the differences are recognized as the current profits and losses if the business reputation is insufficient to
offset. With the exception of the above, the deferred income tax assets related to the business combination are recorded into the
current profits and losses.
For the business combination under non-common control realized step-by-step through multiple transactions, the multiple
transactions shall be judged if belong to “the package deal” according to the “Notice on Issuance of Interpretation of Accounting
Standards for Business Enterprises from Ministry of Finance” (Finance and Accounting [2012] No.19) and the judgment standards
on “the package deal” in Article 51 of “Accounting Standards for Business Enterprises No.33 – Consolidated Financial
Statement” (please see 5 (2) in Notes 3). For the package deal, please refer to above description of this section and Notes 3, 14
“Long-term Equity Investment” to conduction the accounting treatment. For the non-package deal, the relevant accounting
treatment should be respectively conducted for the individual financial statement and the consolidated financial statements:
For the individual financial statements, the sum of the book value of equity investment from the purchased party held before the
purchase date and the new investment cost at the purchase date shall be as the initial investment cost of the investment. For the other
comprehensive incomes involved in the equity of the acquiree held before the acquisition date, the investment and the relevant other
comprehensive incomes shall be disposed through the accounting treatment on the same basis of the direct disposal of the relevant
assets or liabilities by the acquiree (Namely, the rest is transferred into the current investment incomes with the exception of the
corresponding shares of changes caused by the net liabilities or the net assets of the defined benefit plans re-measured by the acquiree
as per the equity method).
In the consolidated financial statements, the equity of the acquiree held before the acquisition date shall be measured again as per the
fair value of the equity on the acquisition date, and the difference between the fair value and the book value is recorded into the
current investment income. For the other comprehensive incomes involved in the equity of the acquiree held before the acquisition
date, the relevant other comprehensive incomes shall be disposed through the accounting treatment on the same basis of the direct
disposal of the relevant assets or liabilities by the acquiree (Namely, the rest is transferred into the current investment incomes on the
acquisition date, with the exception of the corresponding shares of changes caused by the net liabilities or the net assets of the
defined benefit plans re-measured by the acquiree as per the equity method).
6. Compiling method of consolidated accounting statements
(1) Compiling method of consolidated accounting statements
The company starts to include the actual control right to the net assets and the production and management decisions of the
subsidiaries into the combination scope since the date of the actual right acquired, and will stop covering into the combination scope
on the date of the actual right lost. For the disposed subsidiaries, the business performance and the cash flow before the disposal date
have been properly covered in the consolidated profit statement and the consolidated cash flow statement. For the subsidiaries
disposed in the current period, the opening balance of the consolidated balance sheet shall not be adjusted. Meanwhile, for the
subsidiaries increased through the business combination under non-common control, the business performance and the cash flow
after the acquisition date have been properly included in the consolidated profit statement and the consolidated cash flow statement,
and the opening balance and the comparison balance of the consolidated financial statement shall not be adjusted. For the subsidiaries
increased through the business combination under common control, the business performance and the cash flow from the beginning
of current combination period to the combination date have been properly included in the consolidated profit statement and the
consolidated cash flow statement, and the comparison balance of the consolidated financial statement shall be adjusted
simultaneously.
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When the preparation of the consolidated financial statement, the necessary adjustment shall be made according to the accounting
policy of the company and the financial statement of the subsidiaries during the fiscal period if the accounting policy or the fiscal
period adopted by the subsidiaries and the company is discrepant. For the subsidiaries acquired through the business combination
under non-common control, the financial statement shall be adjusted on the basis of the fair value of the identifiable net assets on the
acquisition date.
All the major balances, transactions and the unrealized profits of the company shall be offset in the preparation of the consolidated
financial statement.
Those not belong to the company in the shareholders’ equity and the current net profit or loss of the subsidiaries shall be
respectively as the minority equity and the minority interest income and individually listed under the shareholders’ equity and the
net profit of the consolidated financial statement. The minority equity portion from the net profit or loss in current period shall be as
“minority interest income” and listed under the net profit in the consolidated financial statement. Moreover, the minority equity is
still offset even if the losses of the subsidiaries undertaken by the minority shareholders are beyond the portion of the shareholders’
equity shared by the minority shareholders of the company at the beginning of period.
When the control on the original subsidiaries lost due to the disposal of partial equity investment or other reasons, the remaining
equity should be measured again according to the fair value on the control lost date. The difference of the consideration acquired by
the disposal of equity and the fair value of the surplus equity minus the net assets portion of the original subsidiaries calculated from
the purchase date as per the original stock proportion shall be recorded into the current investment income after the control lost.
Other comprehensive returns relevant to the original subsidiary shares investment shall be disposed through the accounting treatment
on the same basis of the direct disposal of the relevant assets or liabilities by the acquiree when the control lost (Namely, all the rest
are transferred into the current investment incomes, with the exception of the changes caused by the net liabilities or the net assets of
the defined benefit plans re-measured by the original subsidiaries). Thereafter, the subsequent measurement shall be made for the rest
equity according to the relevant provisions of “Accounting Standards for Business Enterprises No. 2 – Long-term Equity
Investment ” or “Accounting Standards for Business Enterprises No. 22 – Recognition and Measurement of Financial
Instruments”. For the details, please see
For the equity investment in the subsidiary through the step-by-step disposal of multiple transactions till the control right lost, the
company should respectively dispose all the transactions if belong to the package deal. As long as the terms, conditions and economic
influence on all the transactions of the disposal of the equity investment in the subsidiary meet one status below, it usually shows that
the multiple transactions matters should be conducted the accounting treatment as the package deal: ① these transactions are made
simultaneously or under the consideration of the influence each other. ② these transactions shall be as the whole to achieve one
complete business results. ③ one transaction occurs depending on the appearance of other one transaction at least. ④ one
transaction is economic under the consideration with other transactions even if it is not economic when individually considerate. For
the non-package deal, each transaction shall be respectively conducted the accounting treatment according to the applicable
principles of “Partial Disposal of Long-term Equity Investment in Subsidiary without Control Lost” (please refer to 14, (2) ④ in
Notes 3,) and “The Control on Original Subsidiary Lost due to Disposal of Part of Equity Investment or Other Reasons” (details
please see forepart). For the package deal from the transactions after the disposal of equity investment in the subsidiary till the
control right lost, the transactions shall be as one transaction of the disposal of subsidiary and the control lost for the accounting
treatment. Therefore, every balance between the net assets proportion of the subsidiary shared relative to the disposal price and the
disposal investment before the control right lost, shall be recognized as other comprehensive incomes in the consolidated financial
treatment and transferred into the current profits and losses when the control lost.
7. Recognition Standard of Cash & Cash Equivalents
The cash stated in cash flow statement refers to cash in hand and bank deposits usable for payment at any time. Cash equivalent
refers to the investments with holding period of less than three months that are readily convertible to known amount of cash and
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subject to insignificant risk of changes in value.
8. Accounting and Translation Method of Foreign Currency Transaction
(1) Translation Method of Foreign Currency Transaction
The shot exchange rate (usually refers to the middle rate at the date of currency exchange published by the Peoples Bank of China,
hereinafter inclusive) on the transaction date is adopted to convert to the amount of functional currency when the foreign currency
transaction issued in the company is initially recognized. However, the foreign currency exchanges or the transactions relative to the
foreign currency exchanges occurred in the company shall be translated into the amount of functional currency as per the actually
adopted exchange rate.
(2) Translation Method for Monetary Items of Foreign Currency and Non-monetary Items of Foreign Currency
On the balance sheet date, the monetary items of foreign currency are translated as per the shot exchange rate on the balance sheet
date, and the foreign exchange conversion gap arising from which shall be recorded into the profits and losses of the current period,
except for ① the balance of exchange arising from special foreign currency borrowings for the purchase and construction of
qualified assets subject to the principle of borrowing costs. ② the exchange balance generated from other book balances in the
foreign currency monetary items available for sale with the exception of the post-amortization costs shall be recorded into other
comprehensive incomes.
The non-monetary items of foreign currency measured at the historical cost shall still be measured by the amount of functional
currency translated at the spot exchange rate on the transaction date. The non-monetary items of foreign currency measured at the fair
value shall be translated at the spot exchange rate on the fair value recognized date, and the gap of the translated amount of functional
currency and the original the amount of functional currency shall be as the fair value variation (change in exchange rate included) to
make treatment and recorded into the current profits and losses or recognized as other comprehensive incomes.
(1) Translation Method of Foreign Currency Financial Statement
For the overseas business operation involved in the preparation of the consolidated financial statement, the exchange balance arising
from the change in exchange rate for the foreign currency monetary items of the net investment in the overseas business, shall be as
“translation reserve of foreign currency statement” and recognized as other comprehensive incomes. The profits and losses of the
current disposal period shall be recorded when disposal of the overseas business operations.
The foreign currency financial statement of the overseas business operation shall be translated as RMB statement as per the following
methods: the assets and liabilities in the balance sheet shall be translated at a spot exchange rate on the balance sheet date. For the
shareholders equity items, other items shall be translated at a spot exchange rate when occurring, except for the “undistributed
profit” items. The earnings and expenses items in the profit statement shall be translated at a spot exchange rate on the transaction
date. Moreover, the undistributed profits at the beginning of this year are the profits translated at the end of last year which shall be
distributed and listed all the items measurement as per the translated profits. The difference between the translated assets items and
the sum of the liabilities items and the shareholders equity items shall be as the translation reserve of foreign currency statement and
recognized as other comprehensive incomes. When disposing the overseas business operation and losing the control right, the
translation reserves of foreign currency statement related to the overseas business operation which listed in the shareholders equity
items in the balance sheet, are all recorded into the current disposal profits and losses or shifted as per the disposal proportion of the
overseas business operation.
The cash flows of foreign currency and overseas subsidiary shall be translated at the spot exchange rate on the cash flow date. The
influence amount of the change in exchange rate on the cash shall be individually listed and reported as the adjustment items in the
cash flow statement.
The amount at the beginning of this year and the actual amount of last year shall be listed according to the translated amount of the
financial statement.
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If the control on the overseas business operation lost due to the disposal of partial equity investment or other reasons when disposing
all the owners equity of the overseas business operation of the company, the translation reserves of foreign currency statement
belong to the owners equity of the parent company related to the overseas business operation which listed in the shareholders equity
items in the balance sheet, are all recorded into the current disposal profits and losses.
If the held equity proportion of the overseas business operation reduced due to the disposal of partial equity investment or other
reasons, but the control on the overseas business operation not lost, the translation reserves of foreign currency statement related to
the partial disposal of the overseas business operation shall be belong to the minority equity and not recorded into the current profits
and losses. When disposing partial equity of the joint ventures or the cooperative enterprises of the overseas business operations, the
translation reserves of foreign currency statement related to the overseas business operations shall be recorded into the current
disposal profits and losses as per the disposal proportion of the overseas business operations.
9.Financial instruments
One financial asset or financial liability shall be recognized when the company becomes the party in the financial instrument contract.
The financial assets and the financial liabilities are measured at the fair value in the initial recognition. For the financial assets and
liabilities that measured at the fair values and the variation included in the current profits and losses, the relative transaction expenses
shall be directly recorded into the profits and losses. For the financial assets and liabilities of other categories, the expenses related to
transactions are recognized as initial amount.
(1) Determination Method for the Fair Value of Financial Assets and Liabilities
The fair value refers to the price that receivable for the sale of one asset or paid for the transfer of one liability in the orderly
transactions occurring on the measurement date for the market participants. If there exists the active market for the financial
instrument, the company shall recognize the fair value according to the quotation in the active market which refers to the price that
easy to periodically acquire from Exchanges, Commission Brokers, Guilds and Pricing Services, and stands for the price of the
market transactions actually occurred in the fair dealing. For there isnt the active market for the financial instrument, the company
shall recognize the fair value with adopting the valuation technique which includes the price used in the market transactions recently
conducted by the parities with voluntary trade and under the consideration and acquainting of the situation, the current fair value in
reference to other same financial instruments, the discount cash flow method and the option pricing model.
(2) Classification, Recognition and Measurement of Financial Assets
The accounting recognition and de-recognition shall be conducted at the transaction date in the conventional way for the financial
assets dealing. The financial assets are divided into the financial assets, the held-to-maturity investment, the loans, the receivables
and the sellable financial assets which are measured at their fair values and of which the variation are recorded into the current profits
and losses when recognized initially.
① The financial assets measured at the fair value and of which the variation recorded into the current profits and losses
Including the tradable financial assets and the financial assets designated at their fair values and of which the variation is recorded
into the current profits and losses.
The tradable financial assets refer to the financial assets meeting any of the following requirements: A. the purpose to acquire the
financial assets is for selling in the short-term. B. forming a part of the identifiable combination of financial instruments which are
managed in a centralized way and for which there are objective evidences proving that the company may manage the combination by
way of short-term profit making in the near feature. C. being a derivative instrument, excluding the designated derivative instruments
which are effective hedging instruments, or derivative instruments belong to financial guarantee contracts, and the derivative
instruments which are connected with the equity instrument investments for which there is no quotation in the active market and
whose fair value cannot be reliably measured, and which shall be settled by the delivery of the equity instruments.
The financial assets meeting any of the following requirements can be designated when they are initially recognized as financial
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assets measured at their fair values and of which the variation is recorded into the current profits and losses: A. the designation is able
to eliminate or obviously reduce the discrepancies in the recognition or measurement of relevant gains or losses arisen from the
different basis of measurement of the financial assets. B. the official written documents on risk management or investment strategies
of the company have recorded that the combination of the financial assets, or the combination of the financial assets and liabilities
will be managed and evaluated on the basis of the fair value and reported to the key management personnel.
The financial assets measured at their fair values and of which the variation is recorded into the current profits and losses shall be
made the subsequent measurement as per the fair value, and the gains or losses formed from the variation of the fair value as well as
the dividend and interest incomes related to the financial assets shall be recorded into the current profits and losses.
②The investments of held-to-maturity
The held-to-maturity investment refers to a non-derivative financial asset with a fixed date of maturity, a fixed or determinable
amount of repo price and the company holds for a definite purpose or is able to hold until its maturity.
The held-to-maturity investments shall be made the subsequent measurement on the basis of the actual interest rate and the
post-amortization costs, and the gains or losses arising from de-recognition, impairment or amortization shall recorded into the
current profits and losses.
The actual interest rate method is the way to calculate the post-amortization costs and the interest incomes or expenditure at each
period as per the actual interest rate of the financial assets or liabilities (a group of financial assets or liabilities included). The actual
interest rate means that the future cash flow of the financial assets or liabilities within the predicted term of existence or within a
shorter applicable term shall be discounted as the rate used for the current book value of the financial assets or liabilities.
When calculating the actual interest rate, the company should consider all the contract terms of the financial assets or liabilities to
estimate the future cash flow (without regard to the future credit loss), and take account of all the charges, transaction expenses and
discounts or premium belong to the actual interest rate and paid or received between all the parties of the financial assets or liabilities
contracts.
③Loans and Receivables
The loans and the receivables refer to a non-derivative financial asset without the quotation, a fixed or determinable amount of repo
price in the active market. The financial assets divided into loans and receivables of the company shall include the bill receivable, the
accounts receivable, the interest receivable, the dividends receivable and other receivables
The loans and the receivables shall be made the subsequent measurement on the basis of the actual interest rate and the
post-amortization costs, and the gains or losses arising from de-recognition, impairment or amortization shall recorded into the
current profits and losses.
④ The financial assets available for sale
The sellable financial assets refer to the non-derivative financial assets which are designated as sellable when they are initially
recognized as well as the financial assets other than the financial assets, the loans, the receivables and the held-to-maturity
investments measured at the fair value and of which the variation recorded into the current profits and losses.
The costs of the sellable liability instrument investments at the end of period shall be recognized as per the post-amortization cost
method, which is the amount that the accumulated amortization amount, formed after the amortization for the initially recognized
amount with the compensated capital deducted plus or minus the difference between the initially recognized amount and the amount
at the maturity date with use of the actual interest rate method, with deduction of the impairment losses occurred. The costs of the
sellable equity instrument investments at the end of period are the initially acquired costs.
The sellable financial assets shall be conducted the subsequent measurement at the fair value, the balance
The gains or losses arising from the change in the fair value, except that the impairment losses and the exchange balance related to
the monetary financial assets of foreign currency and the post-amortization costs are recorded into the current profits and losses, shall
be recognized as other comprehensive incomes, transferred out and recorded into the current profits and losses when the
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de-recognition of the financial assets. However, The equity instrument investment which has no quotation in the active market and
whose fair value cannot be reliably measured, and the derivative financial assets which are connected with the equity instrument and
required to settle by the delivery of the equity instrument shall be conducted the subsequent measurement by costs.
The interests acquired from the sellable financial assets during the holding period and the cash dividends declared to deliver by the
investee shall be recognized as the investment returns.
② The financial assets impairment available for sale
The decline for the fair value of the sellable equity instrument investments can be judged as serious or non-transient depreciation by
the relevant comprehensive factors, which shows that the sellable equity instrument investments have the impairment. Of which, the
“serious depreciation” refers to the decline range of the fair value accumulatively over 20%, and the “non-transient depreciation”
is the decline period of the fair value continuously beyond 12 months.
When the sellable financial assets impair, the accumulated losses formed due to the depreciation of the fair value for other
comprehensive incomes originally recorded shall be transferred out and recognized as the current profits and losses, and the
transferred accumulative losses are the balances of the costs of the assets initially acquired with deduction of the withdrawn capitals,
the amortized amount, the current fair value and the impairment losses initially recorded into profits and losses.
After the impairment losses recognized and if there are objective evidences proving that the financial assets values have resumed
after the period and have objectively involved in the matters occurred after the losses recognized, the impairment losses originally
recognized shall be switched back, the reverse of the impairment losses for the sellable equity instrument investments shall be
recognized as other comprehensive incomes and the reverse of the impairment losses for the sellable liability instrument shall be
recorded into the current profits and losses.
The equity instrument investment which has no quotation in the active market and whose fair value cannot be reliably measured, or
the impairment losses of the derivative financial assets which are connected with the equity instrument and required to settle by the
delivery of the equity instrument shall not be reversed.
(3) Recognition criteria and measurement methods of transferred financial assert
For financial asset that satisfies the following criteria, it shall stop recognizing the financial asset: 1) the contract rights to collect the
cash flow of the financial assert has been terminated; 2) the financial assert has been transferred with nearly all of the risks and
rewards related to the ownership of the financial assert transferred to transferee; 3) the financial assert has been transferred with the
control to such financial asserts waived, though this enterprise has not transferred or retained nearly all the risks and rewards related
to the ownership of the financial assert.
If this enterprise has neither transferred nor retained almost all the risks and rewards on the asset ownership, it shall, within the extent
of its continuous involvement in the transferred financial asset and recognize the relevant liability. The term "continuous involvement
in the transferred financial asset" shall refer to the risk level that this enterprise faces resulting from the change of the value of the
financial asset.
If the transfer of an entire financial asset satisfies the conditions for stopping recognition, the difference between the amounts of the
book value of the transferred financial asset and the sum of consideration received from the transfer, and the accumulative amount of
the changes of the fair value originally recorded in the owner's equities of other comprehensive income, shall be recorded in the
profits and losses of the current period.
If the transfer of partial financial asset satisfies the conditions to stop the recognition, the book value of the transferred financial asset
shall, between the portion whose recognition has been stopped and the portion whose recognition has not been stopped, be
apportioned according to their respective relative fair value, and the difference between the amounts of the following 2 items shall be
included into the profits and losses of the current period: 1)sum of consideration the portion whose recognition has been stopped and
the accumulative amount changes in fair value originally recorded owner’s equities which is corresponding to stopped, the book
value of the portion whose recognition has been stopped; 2) the book value of the portion whose recognition has been stopped.
For the financial asset sold with recourse attached, it is to transfer the financial asset held by endorsement, prior to confirmation that
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nearly all of the risks and rewards related to the ownership of the financial asset has been transferred to transferee. Where this
enterprise has transferred nearly all of the risks and rewards related to the ownership of the financial asset to the transferee, it shall
stop recognizing the financial asset. If it retained nearly all of the risks and rewards related to the ownership of the financial asset, it
shall not stop recognizing the financial asset. Where this enterprise does not transfer or retain nearly all of the risks and rewards
related to the ownership of a financial asset, it shall deal with it according to principles stipulated above.
(4)Classification and Measurement of Financial Liability
Financial liabilities shall be classified into the two categories when they are initially recognized: the financial liabilities which are
measured at their fair values and of which the variation is included in the current profits and losses; other financial liabilities. For the
financial liabilities which are measured at their fair values and of which the variation is included in the current profits and losses, the
related transaction cost shall be included directly in the current profits and losses; for other financial liabilities, the related transaction
cost included in the initially recognized amount.
1) The condition for classifying the financial liabilities which are measured at their fair values and of which the variation is included
in the current profits and losses
as transactional financial liabilities and the financial liabilities which are measured at their fair values at initial recognition and of
which the variation is included in the current profits and losses is the same as these for classifying it as the transaction financial asset
and the financial asset which are measured at their fair values and of which the variation is included in the current profits and losses.
This enterprise shall make subsequent measurement on its financial liabilities according to their fair values. The profits and losses,
arising from the change in the fair value of the financial asset, and the dividends and interests expenses associated with the financial
asset, shall be recorded into the profits and losses of the current period.
2) Other Financial Liability
And are not quoted in an active market,for which there is no quoted price in the active market and whose fair value cannot be reliably
measured, this enterprise shall make subsequent measurement according to its cost. For other financial liabilities, this enterprise shall
make subsequent measurement on the basis of the post-amortization costs by adopting the actual interest rate method, with profits or
losses resulting from stopping recognition or amortization recorded into the profits and losses of the current period.
(5) Termination from Recognition of Financial Liability
Only when the prevailing obligations of a financial liability are relieved in all or in part may the recognition of the financial liability
be terminated in all or partly. Where this enterprise (debtor) enters into an agreement with a creditor so as to substitute the existing
financial liabilities by way of any new financial liability, and if the contractual stipulations regarding the new financial liability is
substantially different from that regarding the existing financial liability, it shall terminate the recognition of the existing financial
liability, and shall at the same time recognize the new financial liability.
Where the recognition of a financial liability is totally or partially terminated, this enterprise shall include into the profits and losses
of the current period the gap between the carrying amount which has been terminated from recognition and the considerations it has
paid (including the non-cash assets it has transferred out and the new financial liabilities it has assumed).
(6) Offset of Financial Asset and Financial Liability
Where this enterprise has the legal right to offset its recognized financial asset and financial liability, and it is able to perform this
legal right, and if it plans to settle with the net amount of and cash the financial asset and liquidate the financial liability, it shall
itemize and show in the balance sheet the amounts after the financial asset and the financial liability offset each other. For any other
circumstances, the financial asset and financial liability shall not offset each other, and shall be itemized and shown separately in the
balance sheet
(7) Equity Instruments
The "equity instruments" refers to the contracts which can prove that this enterprise holds the surplus equities of the assets after the
deduction of all the debts. This enterprise deal the equity instruments issued (including refinancing), repurchased, sold or cancelled
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as changes of equity. It shall not recognize the changes of fair value of equity instruments. The transaction expenses associated with
equity transactions shall be deducted from the equity.
This enterprise shall deduct the shareholders' equity for various kinds of distributions (not including stock dividends) to the holders
of equity instruments. It shall not recognize the amount of changes in the fair value of equity instruments.
10.Account receivable
（1）Provision for bad debts of account receivable that are individually significant
The judgment basis for significant single-item amount or The accounts receivable with single-item amount of RMB 5
standard for significant amount million and above
Impairment test shall be separately conducted. If the test proves
the occurrence of impairment, impairment loss shall be
determined and provision for bad debts shall be made according
to the difference between the present value of its future cash flow
and its book value. For the accounts receivable whose
The method of separate provision for bad debts for the accounts impairment is not proved by separate test, such accounts
receivable with significant single-item amount receivable, together with those with insignificant single-item
amount, are divided into some groups based on similar
characteristics of credit risks. For these groups of accounts
receivable, provision for bad debts shall be made according to
the regulation mentioned in "(2) provision for bad debts shall be
made for accounts receivable on group basis".
(2)The accounts receivable of bad debt provisions made by credit risk Group
Name Method for recognition of impairment allowances
Division into groups with the age of accounts receivable as
The age analysis
characteristic of credit risk
Division into groups with the transaction object of accounts
receivable and the nature of money as the characteristic of credit
risk. Such as export rebates receivable, employees' borrowings Other
for official duties, reserve fund, deposit, money for related
transactions.
Method of provision for bad debts Method of provision for bad debts
Provision for bad debts with the method of account age analysis The age analysis
Impairment test shall be separately conducted. If objective
evidences prove the occurrence of impairment, impairment loss
shall be recognized and provision for bad debts shall be made Other
according to the difference between the present value of expected
future cash flow and its book value. If no impairment is found
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after test, no provision for bad debts shall be made.
In Group, Provision for bad debts with the method of account age analysis：
√ Applicable □ Not Applicable
Proportion of provision for account Proportion of provision for other
Aging
receivable receivable
Within 1 year（Including 1 year） 0.00% 0.00%
Within 1 year after credit period 5.00% 5.00%
1－2 years 10.00% 10.00%
2－3 years 30.00% 30.00%
3－4 years 50.00% 50.00%
4－5 years 70.00% 70.00%
Over 5 years 100.00% 100.00%
In Group, adopting balance percentage method for bad debt provision：
□ Applicable √ Not applicable
In Group ,adopting other method for bad debt provision：
□ Applicable √ Not applicable
(3) Accounts receivable that are individually insignificant but with bad debt provision provided on an individual basis
The accounts receivable with single-item amount of less than
Reason for separate provision for bad debts RMB 5 million whose risk characteristics cant be reflected by
provision for bad debts on basis of group.
Provision for bad debts is made according to the difference
Method of provision for bad debts between the present value of its future cash flow and its book
value.
11. Inventories
(1)Classification of Inventories
This enterprise's inventories is classified as raw materials, works in process, finished products, circulation materials, low-value
consumption goods, packing materials, supplies purchasing, engineering construction, development cost,etc.
(2) Obtaining and Measurement of Inventories
The perpetual inventory systems are adopted for this enterprise's inventories. The inventories shall be measured by their actual cost
when they are obtained. Raw materials, works in process, finished products, etc. shall be measured with the weighted average
method when they are being sent out. Low-value consumption goods shall be written off by one-off write-off method when they are
withdrawn for use. Circulation packaging materials shall be recorded into cost according to the predicted usage times.
(3) Methods to make provision for loss on decline in value of inventories
If the cost of inventories is higher than the net realizable value at the end of each period, this enterprise shall make the provision for
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
the loss on decline in value of inventories. This enterprise makes provision for the loss on decline in value of inventories on the
ground of each item of inventories. If the factors causing any write-down of the inventories have disappeared, the amount of
write-down shall be resumed and be reversed from the provision for the loss on decline in value of inventories that has been made.
(4) Method for confirming the net realizable value of inventories
The net realizable value of inventories refers to the amount of the estimated selling price, less the estimated costs of completion, the
estimated selling costs and related tax payments.
Cost of Development
Cost of development includes completed development product, development product under construction, leasing development
product and simulated development land.
Completed development product means the estate which has been built and up for sale; Development product under construction
means the estate which hasnt been built and in the purpose of sale; Leasing development product means the estate which is
temporarily leased under business mode for which the companys intents to sell, which the leasing development product amortizes by
stages within the estimated available years; Simulated development land means the land which has been purchased and determined to
be developed as Sales or Leasing Estate.
12. Long-term Equity Investment
The long-term equity investment in this section refers to the long-term equity investment of this enterprise that is able to control to or
does joint control with or significant influences over the invested enterprise. For the long-term equity investment of this enterprise
that is not able to control to or does not do joint control with or have significant influences over the invested enterprise, this
enterprise shall record it as available-for-sale financial asset or the financial asset measured by its fair value with its changes in fair
value recorded into the profits or losses of current period as the changes. For details of its accounting policy, please refer to Note III.9
"Financing Instruments"
The term "joint control" refers to the joint control over an arrangement of this enterprise in accordance with the contracts and
agreements, and decisions over relevant activity of such arrangement shall not be unless the assent on sharing the control power. The
term "significant influences" refers to this enterprise's power to participate in making decisions on the financial and operating policies
of the invested enterprise, but not to control or do joint control together with other parties over the formulation of these policies.
(1)Ascertaining of Investment Cost
For the merger of enterprises under the same control, it shall, on the date of merger, regard the share of the book value of the owner's
equity of the merged enterprise as the initial cost of the long-term equity investment. The difference between the initial cost of the
long-term equity investment and the payment in cash, no-cash assets transferred as well as the book value of the debts borne by the
merging party shall offset against the capital reverse. If the capital reserve is insufficient to dilute, the retained earnings shall be
adjusted. If the consideration of the merging enterprise is that it issues equity securities, it shall, on the date of merger, regard the
share of book value of the owner’s equity of the merged enterprise as the initial cost of the long-term equity investment. The total
face value of the stocks issued shall be regarded as the capital stock, while the difference between the initial cost of the long-term
equity investment and total face value of the shares issued shall offset against the capital reserve. If the capital reserve is insufficient
to dilute, the retained earnings shall be adjusted. For the merger of enterprises under the same control through gaining the shares of
the combined enterprise by multiple steps of deals, it shall deal with it in the following two ways depending on that if it belongs to "a
package deal": if it belongs to "a package deal", it shall deal with all the deals as one obtaining the control power; if it does not
belong to "a package deal", it shall, on the date of merger, regard the share of book value of the owner’s equity of the merged
enterprise as the initial cost of the long-term equity investment. The total face value of the stocks issued shall be regarded as the
capital stock, while the difference between the initial cost of the long-term equity investment and total face value of the shares issued
shall offset against the capital reserve. If the capital reserve is insufficient to dilute, the retained earnings shall be adjusted. The equity
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
investment held by this enterprise before the date of merger shall be accounted for by equity method, or shall be recorded as the other
comprehensive income recognized as available-for-sale financial asset and not accounted for.
For the merger of enterprises not under the same control, it shall, on the date of merger, regard the share of the book value of the
owner's equity of the merged enterprise as the initial cost of the long-term equity investment. The merger costs include the assets paid,
liabilities occurred or borne and sum of the fair value of the equity securities issued by the purchaser. For the merger of enterprises
not under the same control through gaining the shares of the combined enterprise by multiple steps of deals, it shall deal with it in the
following two ways depending on that if it belongs to "a package deal": if it belongs to "a package deal", it shall deal with all the
deals as one obtaining the control power; if it does not belong to "a package deal", it shall, on the date of merger, regard the sum of
book value of the owner’s original equity of the merged enterprise and the newly increased investment cost as the initial cost of the
long-term equity investment. For the shares originally held by this enterprise accounted for by weighted equity method, the relevant
other comprehensive income shall not be accounted for temporarily. For the equity investment accounted for as available-for-sale
financial asset, the difference of its fair value and its face value and the accumulated changes in its fair value originally recorded as
other comprehensive income shall be switched to the profits or losses of the current period.
The audit cost, law service cost, evaluation and consultation fees and agent commissions as well as other related administration costs
occurred and borne by the merging or purchasing enterprise for the purpose of merger, shall be recorded into the profits or losses of
current period at the time when the costs occurred.
Other equity investments except the long-term equity investment formed by merger of enterprises shall be initially ascertained by
their costs which, depending on the different ways in acquiring the long-term equity investments, shall be recognized separately as
cash purchasing prices actually paid by this enterprise, fair value of the equity securities issued by this enterprise, agreed value of the
investment contracts or agreements, fair value or original book value of the assets obtained by exchange of no-monetary assets, the
fair value of the long-term equity investment itself, etc. The relevant expenses, tax payments as well as other necessary expenses
directly associated with obtaining the long-term equity investment shall be recorded into the investment costs as well. If this
enterprise is able to do joint control or significant influence, which does not constitute control, over the invested entity as a result of
additional investment, the long-term equity investment cost shall be the sum of the fair value of the equity investment ascertained in
accordance with the Accounting Standards for Enterprises No. 22 - Recognition and Measurement of Financial Instrument and the
cost of the increased investment.
(2) Subsequent Measurement and Recognition Method
A long-term equity investment of this enterprise that does joint control (not including joint venture) or significant influences over the
invested entity shall be measured by employing the equity method. Besides, the cost method is employed in this enterprise's financial
reports to measure the long-term equity investment that could form control over the invested entity.
(1)Long-term equity investment measured by employing the cost method
The price of a long-term equity investment measured by employing the cost method shall be included at its initial investment cost. If
there are additional investments, the cost of the long-term equity investment shall be adjusted. Except the prices actually paid when
obtaining the investment or cash dividends or profits being approved in the consideration but not yet issued, the investment income
of the current period shall be recognized in accordance with the cash dividends or profits being approved by the invested entity.
(2)Long-term equity investment measured by employing the equity method
If the initial cost of a long-term equity investment is more than the investing enterprise's attributable share of the fair value of the
invested entity's identifiable net assets for the investment, the initial cost of the long-term equity investment may not be adjusted. If
the initial cost of a long-term equity investment is less than the investing enterprise's attributable share of the fair value of the
invested entity's identifiable net assets for the investment, the difference shall be included in the current profits and losses and the
cost of long-term equity investment shall be adjusted simultaneously.
When employing the equity method, this enterprise shall, in accordance with the attributable share of the net profits or losses of the
invested entity, recognize the investment profits or losses and adjust the book value of the long-term equity investment. This
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
enterprise shall, in the light of the profits or cash dividends declared to distribute by the invested entity, calculate the proportion it
shall obtain, and shall reduce the book value of the long-term equity investment correspondingly. Where any change is made to the
owner's equity other than the net profits and losses of the invested entity, the book value of the long-term equity investment shall be
adjusted and included in the capital reserves. This enterprise shall, on the ground of the fair value of all identifiable assets of the
invested entity when it obtains the investment, recognize the attributable share of the net profits and losses of the invested entity after
it adjusts the net profits of the invested entity. If the accounting policies and accounting periods adopted by the invested entity are
different from those adopted by this enterprise, an adjustment shall be made to the financial statements of the invested entity in
accordance with the accounting policies and accounting periods of this enterprise and recognize the investment profits or losses and
other comprehensive incomes. For the transactions between this enterprise and its joint ventures and associated entities, where the
assets invested or sold do not constitute a business, the unrealized internal transaction profits or losses shall be calculated in
accordance with proportion shared, with the proportion shared by this enterprise offset and recognize the investment profits or losses
based thereof. However, if losses occurred in the internal transaction between the invested entities is the impairment loss of
transferred assets, they shall not be offset. When the assets invested by this enterprise to its joint ventures or associated entities
constitute a business, and the investing party obtains long-term equity but without control power, the fair value of the invested
business shall be recognized as the initial investment cost of the additional long-term equity investment. The total difference between
the original investment cost and the book face of the invested business shall be recorded into the profits or losses of the current
period. If the assets purchased from the joint ventures or associated entities constitute a business, this enterprise shall account for the
business in accordance with this enterprise Accounting Standard No. 20 - Business Combinations, with the total profits or losses
associated with the transaction recognized.
The Company bears the net losses of its invested business to the limit of the book value of its long-term equity investment and other
long-term equity that in real terms constitutes investment on the business. For additional loss of its invested business, if the Company
is obligated to undertake, it shall be recognized as estimated liabilities accordingly and recorded in current investment losses. If the
invested business earns profits afterwards, the Company shall reinstate and recognize its share of gains after compensating its
unrecognized share of losses.
③Purchase of minority interest
While compiling consolidated financial statements, the Company adjusts its capital reserve in terms of the difference between the
increase of long-term equity investments due to purchase of minority interest and its share of the subsidiaries’ net assets since the
purchase (or combination) date or dates. If its capital reserve is not sufficient to write down the difference, then the Company adjusts
its retained income.
④Disposal of long-term equity investments
In consolidated financial statements, the Company records in shareholders’ equity the difference between partial disposals of its
long-term equity investments in its subsidiaries and its share of the subsidiaries’ net assets if it does not lose control of the
subsidiaries; and if such partial disposals result in loss of its control of the subsidiaries, the difference shall be treated in accordance
with the accounting policies related and specified in “Compiling Principles for Consolidated Financial Statements”, Note III.6.(2).
For disposals of long-term equity investments under other circumstances, the difference between the book value and the actual
received consideration is recorded in current profit and loss.
For the long-term equity investments calculated by equity method, the same method applies to the remaining equity after disposal.
Meanwhile, the other comprehensive gains originally recorded in shareholders’ equity is treated pro rata by the same method how
the invested businesses handle the accounts while directly disposing the related assets or liabilities. The investor recognizes the
ownership interest due to equity changes except net profit and loss, other comprehensive gains and profit distribution, and carries it
over pro rata to current profit and loss.
For long-term equity investments calculated by costs method, the same method applies to the remaining equity after disposal. Other
comprehensive gains calculated and recognized by equity method or recognition and measurement principles for financial
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
instruments before the Company obtains control of the invested businesses are treated on the same basis that the invested businesses
directly dispose the related assets or liabilities, and it will be carried over pro rata to current profit and loss; and among the invested
businesses’ net assets that are calculated and recognized by equity method are all other equity changes than net profit and loss, other
comprehensive gains and profit distribution carried over pro rata to current profit and loss.
For disposals of long-term investment equity resulting in loss of control over the invested businesses, when compiling individual
financial statements, the Company changes to adopt equity method to calculate the remaining equity that is still sufficient to exert
joint control or significant influence, and to make adjustments as since it was acquired; and if the remaining equity is not sufficient, it
will be handled in accordance with the relevant recognition and measurement principles for financial instruments and the difference
between its fair value and book value will be recorded in current profit and loss since the Company loses control of the invested
businesses. For other comprehensive gains recognized by equity method or recognition and measurement principles for financial
instruments before the Company obtains control over the invested businesses, the Company adopts the same basis to handle the
accounts as the invested businesses directly dispose the related assets or liabilities, and among the invested businesses’ net assets
that are calculated and recognized by equity method are all other equity changes than net profit and loss, other comprehensive gains
and profit distribution carried over pro rata to current profit and loss. For the remaining equity calculated by equity method, other
comprehensive gains and other ownership interests will be carried over pro rata while for those treated in accordance with the
recognition and measurement principles for financial instruments, other comprehensive gains and other ownership interests will be
carrier over entirely.
Under the circumstances that the Company loses joint control over or has no significant influence on the invested businesses due to
partial equity disposal, the remaining equity changes to be calculated in accordance with the recognition and measurement principles
for financial instruments, and the difference between its fare value on the date that the Company loses the joint control and
significant influence and the book value is recorded in current profit and loss. For other comprehensive gains recognized due to
calculation of the original equity investments by equity method, the Company adopts the equity method no longer but the same basis
to handle the accounts as the invested businesses directly dispose the related assets or liabilities while carrying over to current profit
and loss all the ownership interest recognized due to other equity changes than net profit and loss, other comprehensive gains and
profit distribution.
If the Company gradually loses control of a subsidiary through multiple transactions, which is a package deal as a whole, then all
these transactions will be treated as control losing equity disposal, and before loss of control, the difference between each transaction
consideration and the book value of the corresponding long-term equity investment is recognized as other comprehensive gains and
in the end, carried over to current profit and loss upon loss of control.
13 Investment real estate
The measurement mode of investment property
The measurement by the cost method
Depreciation or amortization method
Investment real estate refers to the properties held for the purpose of generating rent and/or capital appreciation. The company’s
investment real estate includes the land use right rented and the constructions leased.
The Company makes initial measurement at the costs that the properties is acquired and records as part of the property costs the
subsequent expenses that could bring economic benefit inflows and be measured reliably while other subsequent expenses as part of
current profit and loss. Such properties are depreciated or amortized in accordance with the relevant regulations for fixed assets or
intangible assets.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
14. Fixed assets
(1) Recognition criteria of fixed assets1
Fixed assets refer to tangible assets that are held for production, services, leases or operations and the useful life of which are over
one accounting year. Fixed assets are recognized if it produces economic benefit inflows and its costs can be measured reliably. The
Company makes initial measurements on fixed assets at the costs that they are acquired.
（2） Depreciation method
Estimated useful Estimated residual value
Type Detail Depreciation rate(%)
rate
Life
Over the period of title
(the period specified on
the real estate title
House and Building Straight-line method certificate or land use 5.00% 3.17%
right certificate) or 30
years in case of no period
of title
Kiln Straight-line method 5 5.00% 19%
Platinum passage Straight-line method 3 95.50% 1.5%
Glass flat-panel and other
Straight-line method 15 5.00% 6.33%
equipment
Other Production
Straight-line method 10 5.00% 9.5%
equipment
Transportation
Straight-line method 5 5.00% 19%
equipment
Other equipment Straight-line method 5 5.00% 19%
（3）Cognizance evidence and pricing method of financial leasing fixed assets
Fixed assets from finance lease are depreciated during the useful life if it is reasonable to determine that the ownership could be
obtained upon lease expiration; otherwise, the Company chooses the shorter of the lease period and the remaining useful life to
depreciate the assets.
15.Projects under construction
The costs of construction in progress include all necessary project expenditures, the borrowing expenses that should be capitalized
before the works reaches the expected usable status and other relevant expenses.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Construction in progress changes to fixed assets when it reaches the expected usable status.
16. Borrowing expenses
Borrowing expenses include interest, amortization of discount or premium, auxiliary expenses, translation differences arising from
borrowings in foreign currency etc. The Company starts to capitalize the borrowing expenses in direct connection to purchase,
construction or production of the assets that meet capitalization conditions when there are assets expenditures and borrowing
expenses incurred and/or the Company starts all the necessary events to purchase, construct or produce such assets till the assets can
be used and sold. Other borrowing expenses are recognized as costs when incurred.
The Company capitalizes the actual interest expense incurred by use of special borrowings, minus the interest income from the
remaining borrowing funds in bank or any investment income earned from the interim investment of those borrowings; and for
general borrowings, the amount to capitalize is the weighted average of the accumulated assets expenditures in exceed of the special
borrowings times the capitalization rate of the used general borrowings, which is determined by the weighted average interest rate of
the general borrowings.
During capitalization, all translation differences of special borrowings in foreign currency should be capitalized while those of
general borrowings in foreign currency are recorded in current profit and loss.
The assets to capitalize are fixed assets, investment properties, inventories etc., which can be used or sold after a certain period of
time to purchase, construct or produce.
The Company stops capitalization of borrowing costs if an abnormal interruption more than 3 consecutive months occurs during
purchase, construction or production of the assets that are eligible to capitalization till all those restart.
If general borrowings are used to purchase, construct or produce the capitalization eligible assets, the borrowing cost to capitalize is
the weighted average of the accumulated assets expenditures in exceed of the special borrowings times the capitalization rate of the
used general borrowings, which is determined by the weighted average interest rate of the general borrowings.
17..Intangible assets
(1) Valuation method, service life and impairment test
The Company makes initial measurements on intangible assets in terms of the costs and determines the useful life when obtaining the
assets. For intangible assets of a limited useful life, from the time the assets are available for use, the Company adopts the
amortization method that reflects realization of the expected economic benefits, or the straight-line amortization method if unable
reliably to determine how to realize the expected economic benefits; and no amortization are made for intangible assets of an
unlimited useful life.
At the end of each year, the Company reviews the useful life and amortization methods of intangible assets of a limited useful life
and makes adjustments and accounting treatment if different from the previous estimates.
For the intangible assets that are estimated to produce no more economic benefits in the future, the Company records the book value
of such assets all in current profit and loss.
18. Impairment of the long-term assets
On balance sheet dates, the Company determines whether there are impairments occurring to fixed assets, construction in progress,
intangible assets of a limited life, investment properties measured in the cost model as well as non-current and non-financial assets
like the long-term equity investments on subsidiaries, joint ventures and associated companies. If impaired, the Company estimates
the retrievable amount and conducts an impairment test. Impairment tests need to be done on goodwill, intangible assets of an
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
unlimited life and the intangible assets that are not yet to reach the usable status, no matter they are impaired or not.
If the impairment test result shows the retrievable amount lower than the book value, impairment provisions will be set aside and
recorded in impairment loss. The retrievable amount is the fair value of the assets minus the disposal expenses or the present value of
the estimated future cash flows of the assets, whichever is higher. The fair value of the assets is determined in terms of the price
specified in the selling agreement that is fair trade; if no selling agreement but there is an active assets market existing, it is
determined in terms of the buyer’s offer; and if no selling agreement and active assets market, the fair value can be estimated based
on the best available information. Disposal expenses include all related legal charges, taxes, delivery fees or the direct expenses
incurred to have the assets reach the usable or sellable status. To determine the present value of the estimated future cash flows from
the assets, the Company chooses an appropriate discount rate in the light of the continual usage of the assets and the estimated future
cash flows occurring upon final disposal. Impairment provisions of the assets are calculated and recognized on the basis of individual
assets. If unable to estimate the retrievable amount of individual assets, the Company determines the amount by reference to the asset
group that includes the individual assets. Asset groups are the minimum assets combination that independently produces cash
inflows.
For the goodwill separately listed in financial statements, while an impairment test being conducted, the book value is apportioned to
the asset groups or combination of asset groups expected to benefit from the synergy effects arising from business combinations. The
Company recognizes impairment losses when the test result shows that the retrievable amount of the asset groups or combination of
asset groups is lower than their book values. The impairment loss will be first used to write down the book values of the asset groups
or combination of asset groups and then those of other assets pro rata.
Once the aforesaid impairment losses are recognized, they cannot be reinstated in the future.
19.Long-term amortizable expenses
Long-term unamortized expenses are valued at the actual costs and amortized at average in an estimated beneficial period of time. If
those cannot benefit the Company in future accounting periods, the remaining will be recorded all in current profit and loss.
20. Remuneration
(1) Accounting methods for short-term compensation
Employee remuneration refers to all kinds of rewards or compensations given in return for employees’ services or employment
termination. It includes short-term compensation, post-employment benefits, demission benefits and other long-term employee
benefits as well as the benefits the Company provides to employees’ spouses, children, dependents, deceased employees’ family
and other beneficiaries.
The Company classifies into short-term compensation the employee remuneration that needs to be paid off entirely in the twelve
months following the reporting year the employees have provided their services, which excludes those given for employment
termination. Short-term compensation includes payroll, bonus, allowances and subsidies, employee welfare, social security expenses
including medical insurance, injury insurance and birth insurance, housing fund, labor union and employee training expenditures,
short-term paid leaves, short-term profit share plans, non-monetary benefits and other short-term rewards. It recognizes as liabilities
the actual short-term compensation incurred during the accounting period that the employees provide their services and records in
current profit and loss or the relevant asset costs. Non-monetary benefits are measured at the fair value.
(2) Accounting methods for post-employment benefits
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Post-employment benefits are mainly defined contribution plans, which include basic pension, unemployment insurance etc. The
corresponding contributions are recorded in the relevant asset costs or current profit and loss when incurred.
(3) Accounting methods for demission benefits
Demission benefits are the compensations paid to terminate employment before expiration or encourage employees to accept lay-off.
(4) Accounting methods for other long-term employee benefits
Other long-term employee benefits are all other employee compensations than short-term compensation, post-employment benefits
and demission benefits. They are long-term paid leaves, long-term benefits for the disabled, long-term profit sharing plans etc.
21. Estimated Liabilities
The Company recognizes as estimated liabilities the obligations that meet the following conditions:
A. Current obligations being undertaken by the Company;
B. Fulfillment of the obligations that lead to cash flow out of the Company;
C. The amount of the obligations that can be measured reliably.
If it is expected that a third party can compensate for all or partial expenditures to pay off the recognized estimated liabilities, the
compensation can be recognized separately as assets only when the Company is sure to receive it. The amount to recognize cannot
exceed the book value of the recognized liabilities.
22. Share-based Payment
(1) Types of Share-based Payment
It is divided into equity-settled share-based payment and cash-settled share-based payment.
(2) Recognition of Equity Instruments’ Fair Value
For the granted equity instruments that there is an active market for, e.g. options, the Company determines the fair value by reference
to the quotation prevailing in the active market. For those that there is no active market for, the options pricing model is adopted to
determine the fair value.
(3) Recognition Basis for Best Estimates on Exercisable Equity Instruments
On each balance sheet date during the vesting period, the Company makes best estimates based on the latest number changes of its
employees and adjusts the quantity of estimated exercisable equity. The final quantity of estimated exercisable equity instruments
should be consistent with that of the actual ones on vesting dates.
23.Revenues
Income, is an enterprise formed in daily activities, will lead to an increase in shareholders' equity, the total inflow of capital has nothi
ng to do with the economic interests of the owner of investment. The company involved in income, including revenue from selling go
ods, income of labor ,transferring assets use right and real estate development income..
（1）Recognition time for sales of goods
After transferring the significant risks and compensation of the merchandise ownership to the buyer, the Company no longer holds
the rights to manage and have control over the merchandise, and recognizes the revenue if the economic benefits arising from the
related transactions can flow into the Company and all the costs and revenues related to such product sales can be measured reliably.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
(2) Services
Service transaction can be estimated reliably, meaning the following conditions are satisfied: amount of revenue can be measured reli
ably; the relevant economic benefits are likely to flow into the enterprise; completion of the transaction can be measured reliably; tra
nsactions that have occurred and will occur costs can be reliably measured
For the services that start and end during the same accounting year, the revenue shall be recognized upon completion; if the services
end in a different accounting year and the service transaction results can be measured reliably, the Company adopts the completion
percentage method to recognize the revenue on balance sheet dates; if not measurable reliably, the Company recognizes the revenue
at the amount of the service costs that are incurred and can be compensated expectedly; otherwise, the service costs incurred are
recognized as current expenses.
The Company adopts the following methods to determine the completion progress of service transactions: ①measurement of the
completed jobs; ②the proportion of the completed services to all; ③the proportion of the costs incurred to the total.
The company provides services at the balance sheet date, the transaction can not be reliably estimated, it shall be treated as follows: t
he costs incurred are expected to be compensated, according to the amount of labor costs that have occurred service revenue is recog
nized, and the same amount knot turn labor costs; the costs incurred are not expected to be compensated, labor costs should be recogn
ized in profit or loss has occurred, no service revenue is recognized.
Contract or agreement entered into with other companies, including the sale of goods when providing services, the sale of goods and
rendering of services can be measured in part to distinguish and separate, should be part of the sale of goods as sale of goods, the pro
vision of services and as part of the provision of services deal with. Sales of goods and rendering of services can not be distinguished,
or can be distinguished but can not be measured separately, should be part of the sale of goods and provision of services as part of th
e total sales of goods.
(3) Use Rights of Assets on Alienation
Transfer of right to Use Rights of Assets on Alienation consists of interest income, fee income etc.
If the related economic benefits can flow into the Company and the revenue can be measured reliably, the amount of usage revenue
will be calculated and determined according to the payment time and terms of the related contract or agreement.
(4) Construction Contracts
A construction contract is a contract for the construction of one or more of the assets in terms of design, technology and features, end
-use and other closely related and approved.
Construction contracts are divided into fixed price contracts and cost-plus contracts.
A fixed price contract is to determine the price of a construction contract works in accordance with a fixed price or fixed unit price co
ntract.
Cost-plus contracts, refers to the contract or otherwise agreed cost basis, plus the cost of a fixed fee or a percentage of the project to d
etermine the price of a construction contract.
At the balance sheet date, shall be multiplied by the total contract revenue before completion less the cumulative amount of revenue r
ecognized after the accounting period, recognized as the current contract revenue; at the same time, according to the contract multipli
ed by the estimated total cost of completion less accumulated previous accounting period after the amount recognized as an expense i
s recognized as current contract costs.
Current period complete a construction contract, the contract shall be in accordance with the actual total income before deducting the
cumulative amount of revenue recognized after the accounting period, recognized as the current contract revenue; at the same time, a
ccording to the contract costs incurred for the deductible costs previously accumulated recognized after the accounting period recogni
zed as current contract costs.
If the results cannot be measured reliably but the costs can be retrieved, the revenue will be recognized at the retrievable amount of
the actual construction contract costs and the costs treated as expenses when incurred; if not retrievable, the costs will also be treated
as expenses and no revenue will be recognized.
（5）Income of Real Estate Development
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
The companys real estate development products can confirm the income when meeting the follow conditions:
Both the buyer and seller sign the sales contract and the contract has been recorded ; Products of real estate development have been
completed and have passed the acceptance; The company receives all of the clients.
24.Governmental subsidy
(1)Basis and accounting methods for assets related government subsidies
The government grants of monetary assets shall be measured in accordance with the received or receivable amount. Of which, the
grants can be measured at the receivable amount if there exists exact evidence to prove they are allocated according to the fixed quota
standard, otherwise they shall be measured at the amount actually received. The government grants of non-monetary assets shall be
measured at the fair value. If the fair value cannot be reliably obtained, it shall be measured according to the nominal amount of
RMB 1. The government grants related to assets are recognized as the deferred incomes, which are equally distributed within the
service life of related assets and account into the current profit or loss.
(2). Accounting Method
The government grants related to incomes shall be accounted into the current profit or loss if they are used to compensate for the
correlative expenses or losses occurred, and shall be recognized as the deferred income and accounted into the current profit or loss
during the expense confirmation period if they are used to compensate for the correlative expenses or losses occurred in the
subsequent period. The government grants measured at the nominal amount shall be directly accounted into the current profit or loss.
25. Deferred income tax assets/Deferred income tax liability
The balance between the book value and the tax basis of some items of assets and liabilities, as well as the temporary differences
issued as the balance between the book value and the tax basis of the tax basis items that unrecognized as assets and liabilities but can
be determined as per the provisions of tax law, which shall be determined as the deferred income tax assets and the deferred income
tax liabilities in accordance with the balance sheet debt law.
Taxable temporary differences related to the initial recognition of goodwill, as well as the initial recognition of an asset or liability in
a transaction that neither belongs to a business consolidation, nor affects the accounting profit and taxable income (or deductible loss)
when it happens, the relevant deferred income tax liabilities shall not be recognized. In addition, as for taxable temporary differences
associated with investments in subsidiaries, associates and joint ventures, if the Company could control the reverse time of such
differences and such differences cannot be reversed in the foreseeable future, the relevant deferred income tax liabilities also shall not
be recognized. Apart from the above-mentioned exceptional cases, the Company recognizes all other deferred income tax liabilities
caused by taxable temporary differences.
Deductible temporary differences related to the initial recognition of an asset or liability in a transaction that neither belongs to a
business consolidation, nor affects the accounting profit and taxable income (or deductible loss) when it happens, the relevant
deferred income tax assets shall not be recognized. In addition, as for deductible temporary differences associated with investments
in subsidiaries, associates and joint ventures, if such differences cannot be reversed in the foreseeable future or are not likely to
obtain the taxable income to deduct the deductible temporary differences of the taxable income, the relevant deferred income tax
liabilities shall not be recognized. Apart from the above-mentioned exceptional cases, the Company recognizes other deferred income
tax liabilities caused by deductible temporary differences within the limit of likely obtained taxable income that can be used to deduct
the deductible temporary differences of the taxable income.
The corresponding deferred tax assets of deductible loss and tax reduction that can be carried forward during subsequent years shall
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
be recognized within the limit of likely obtained future taxable income that can be used to deduct the deductible loss and tax
reduction.
As per the provisions of tax law, the deferred income tax assets and deferred income tax liabilities shall be measured at the applicable
tax rates used during the period of expectation recovery of relevant assets or pay-off relevant liabilities at the balance sheet date.
The book value of the deferred income tax assets shall be re-checked at the balance sheet date. The book value of the deferred
income tax assets shall be written-down if it is unlikely to obtain sufficient taxable income in the future to deduct the benefit of the
deferred tax assets and the written-down amount shall be carried forward if it is likely to obtain sufficient taxable income.
26.Operational leasing
（1）Accounting of operational leasing
At the commencement of the lease term, an amount equal to the lower of the fair value of the leased asset and the present value of the
minimum lease payments shall be regarded as the recorded value of the leased assets and an amount equal to the minimum lease
payments shall be recognized as a long-term recorded value of the leased assets of payables. The balance between the recorded
amount of the leased asset and the recorded amount of the payable shall be accounted for as unrecognized finance charge.
Lease payments under an operating lease shall be accounted into the relevant asset cost or current profit or loss over the lease term on
a straight-line basis.
(2) Accounting Method for Financing Leases
The Company will transfer substantially all the risks and rewards of ownership of an asset lease is recognized as a finance lease.
27.Change of main accounting policies and estimations
(1)Change of main accounting policies
√ Applicable □ Not applicable
Changes in accounting policies and the reasons Approval procedures Remarks
According to the Ministry of Finance, the company implem
ented the newly revised and new accounting standards issue
d by companies since July 1, 2014; revised guidelines are n
ot covered in this section, the company is still in the imple
mentation of the relevant Ministry of Finance issued by acc
ounting Standards accounting Standards application Guide
since February 15, 2006, corporate accounting standards an
d other relevant provisions of the Interpretation
① Relevant Information on the Implementation of Accounting Standards for Business Enterprises No. 2 -
Long-term Equity Investment
According to the provisions of Accounting Standards for Business Enterprises No. 2 - Long-term Equity Investment, as for the
holding long-term equity investments with no controlling, co-controlling and significant influences and whose fair value cannot be
reliably measured, the Company shall account them as available-for-sale financial assets, not as the long-term equity investments,
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
and adjust them through the retroactive adjustment approach. The implementation of above-mentioned standards shall not have any
influence on the Company’s financial statements of 2013 and 2014.
②Relevant Information on the Implementation of Accounting Standards for Business Enterprises No. 30 - Presentation of Financial
Statements
According to the provisions of Accounting Standards for Business Enterprises No. 30 - Presentation of Financial Statements, the
Company modifies the presentation of financial statement, which comprises the following two types of presentations of other
comprehensive profitable projects in the profit statement: 1. other comprehensive profitable projects that shall be re-classified into
the profit or loss in the latter accounting period when the prescribed conditions are met; 2. other comprehensive profitable projects
that shall not be re-classified into the profit or loss in the latter accounting period; The implementation of this standard shall not have
any influence on the Companys financial statements of 2013 and 2014.
③ As for business and items related to employee compensation, presentation of financial instruments, fair value measurement,
arrangement for joint venture and equity in other entities, the implementation of this standard shall not have any influence on the
Companys financial statements of 2013 and 2014.
(2) Change of main accounting estimations
□ Applicable √ Not applicable
VI.Taxation
1.Main categories and rates of taxes
Taxes Tax references Applicable tax rates
VAT Sales revenue 17%
Business tax Income from labor service and lease 3%,5%
Urban construction tax Turnover tax to be paid allowances 7%
Enterprises income tax Taxable income 15%,25%
Educational surtax Turnover tax to be paid allowances 5%
VAT Technical services revenue 6%
The disclosure on the rate of income tax of taxpayers in different enterprises is stated below
Name of Taxpayer Rate of Income Tax
Dongxu Optoelectronic Technology（The Company） 15%
Wuhu Dongxu Optoelectronic Technology Co., Ltd.（Subsidiary） 15%
Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd（Subsidiary） 15%
Shijiazhuang Dongxu Optoelectronic Equipment Technology Co., Ltd
15%
（Sub-subsidiary）
Hebei Xubao Construction Installation Engineering Co., Ltd（Subsidiary） 25%
Shijiazhuang Baoshi Color Bulb Co., Ltd（Subsidiary） 25%
Wuhan Dongxu Optoelectronic Technology Co., Ltd（Subsidiary） 25%
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Sichuan Ruiyi Construction Engineering Co., Ltd.（Subsidiary） 25%
Beijing Xufeng Real Estate Co., Ltd.（Subsidiary） 25%
Dongxu (Kunshan）Display Material Co., Ltd.（Subsidiary） 25%
Beijing Dongxu Investment Developement Co., Ltd.（Sub-subsidiary） 25%
Wuhu Ruiyi Labor Co., Ltd（Sub-subsidiary） 25%
Jiangsu Jixing New Material Co., Ltd. （Subsidiary） 15%
Beijing Xutan New Material Co., Ltd. （Subsidiary） 25%
2.Tax Preference
① On November 6, 2012, The Company was rated as the national high-tech enterprise with validity of 3 years. As per the provisions
of enterprise income tax law, the Company adopts 15% enterprise tax rate applicable for high-tech enterprises for three years since
2012.
②On October 21, 2014, Wuhu Dongxu Optoelectronic Technology Co., Ltd. was rated as the national high-tech enterprise with
validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts 15% enterprise tax rate applicable for
high-tech enterprises for three years since 2014.
③On October 14, 2013, Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd. was rated as the national high-tech
enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts 15% enterprise tax rate
applicable for high-tech enterprises for three years since 2013.
④On November 4, 2013, Shijiazhuang Dongxu Optoelectronic Equipment Technology Co., Ltd. was rated as the national high-tech
enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts 15% enterprise tax rate
applicable for high-tech enterprises for three years since 2013.
⑤On December 3, 2013, Jiangsu Jixing New Material Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years.
As per the provisions of enterprise income tax law, the Company adopts 15% enterprise tax rate applicable for high-tech enterprises
for three years since 2013.
VII. Notes to the major items of consolidated financial statement
1.Monetary Capital
In RMB
Items Closing balance Opening balance
Cash 228,105.10 203,730.89
Bank deposit 4,619,439,322.84 3,025,347,655.46
Other 234,861,311.08 170,719,697.58
Total 4,854,528,739.02 3,196,271,083.93
Other notes
Notes 1：The main reason of monetary capital increase in the beginning of the period compared with that in the end of the period is
the increase of sales outstanding and bank loans.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Notes 2：The amount of restricted monetary capital of the total monetary capital in the end of the period is 376,182,494.48. Mainly
for the draft of the deposit and credit.
2.Bills receivable
（1）Classification bill receivable
In RMB
Classification Year-end balance Year-beginning balance
Bank acceptance 29,503,791.25 108,214,644.05
Trade acceptance 75,950,678.50 341,296,034.45
Total 105,454,469.75 449,510,678.50
（2）Bills transferred to accounts receivable because drawer of the Bills fails to execute the contract or agreement, and undue
Bills endorsed to other parties at the end of the period.
In RMB
Items End of the period amounts derecognition End of the period amount unterminated
Bank acceptance 240,000,000.00
Total 240,000,000.00
3. Account receivable
(1)Classification account receivables.
In RMB
Amount in year-end Amount in year- begin
Book Balance Bad debt provision Book Balance Bad debt provision
Classification Book
Proportio Proportio Proportio Proportion( Book value
Amount Amount value Amount Amount
n(%) n(%) n(%) %)
Receivables with
major individual
amount and bad debt
provision provided 14,009, 14,009,35
2.11% 100.00% 0.00
individually 355.59 5.59
receivables with
major individual
amount and bad debt
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
provision provided
individually
Account receivable
with minor individual 1,131,06 12,668,3 1,118,392 649,413 10,603,71 638,809,80
100.00% 1.12% 97.89% 2.02%
amount but bad debt 1,037.83 48.10 ,689.73 ,516.18 6.08 0.10
provision is provided
1,131,06 12,668,3 1,118,392 663,422 24,613,07 638,809,80
Total 1.12% 3.71%
1,037.83 48.10 ,689.73 ,871.77 1.67 0.10
Receivable accounts with large amount individually and bad debt provisions were provided
□ Applicable √ Not applicable
Account reveivable on which bad debt proisions are provided on age basis in the group
√ Applicable □ not applicable
In RMB
Balance in year-end
Aging
Receivable accounts Bad debt provision Proportion
Subitem within 1 year
Within credit period 814,043,323.83 0.00 0.00%
Within 1 year after credit period 171,448,599.23 8,572,929.97 5.00%
Subwithin 1 year 985,491,923.06 8,572,929.97 5.00%
1-2 years 3,645,304.43 364,530.44 10.00%
2-3 years 1,035,106.59 310,531.98 30.00%
Over 3 years 1,179,813.91 589,906.95 50.00%
Over 5 years 2,830,448.76 2,830,448.76 100.00%
Total 994,182,596.75 12,668,348.10 12.74%
Notes：
In the groups, accounts receivable adopting balance percentage method to withdraw bad debt provision
□Applicable √ Not applicable
In the group, Other Receivable accounts on which bad debt provisions are provided by other ways in the portfolio：
group Name 2015.6.30 Bad debt provision
other group 136,878,441.08
（2）Accrual period, recovery or reversal of bad debts situation
The current amount of provision for bad debts is RMB2,033,555.72; recovery or payback for bad debts Amount is RMB
14,009,355.59.
Where the current bad debts back or recover significant amounts:
In RMB
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Name Back or withdraw money Method
Baoshi Calcium carbide Plant 14,009,355.59
Total 14,009,355.59 --
（3）The ending balance of other receivables owed by the imputation of the top five parties
The total receivable amount of top five closing balances collected by the debtors in the current reporting period is RMB
803,501,667.31, which accounts for 71.04% of the total receivables. The total amount of closing balance for corresponding accrued
bad-debt provision is RMB 7,879,948.25.
4. Payment in advance
（1）Payment in advance:age :
In RMB
Amount in year-end Amount in year- begin
Aging
Amount Proportion(%) Amount Proportion(%)
Within 1 year 2,148,579,919.08 94.13% 2,656,787,665.73 96.63%
1-2 years 98,881,485.59 4.33% 83,367,492.00 3.03%
2-3 years 28,410,125.38 1.24% 8,514,114.31 0.31%
Over 3 years 6,705,282.11 0.29% 785,632.85 0.03%
Total 2,282,576,812.16 -- 2,749,454,904.89 --
Notes of the reasons of the prepayment ages over 1 year with significant amount but failed settled in time:
(2) Top 5 of the closing balance of the prepayment colleted according to the prepayment target
The total prepayment amount of top five closing balances collected by the objects of prepayment in the current reporting period is
RMB1,298,511,728.24, which accounts for 56.89% of the total closing prepayment balance.
Other notes：
5. Other accounts receivable
(1) Other accounts receivable disclosed by category
In RMB
Amount in year-end Amount in year- begin
Book Balance Bad debt provision Book Balance Bad debt provision
Category Book
Proportio Proportio Proportio Proportion( Book value
Amount Amount value Amount Amount
n(%) n(%) n(%) %)
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Other accounts
receivable that is
individually
72,710,7 2,977,42 69,733,36 46,223, 2,921,124 43,302,115.
significant for which 100.00% 72.89% 100.00% 81.76%
90.05 0.23 9.82 240.76 .88 88
provisions for bad
debts separately
accrued
72,710,7 2,977,42 69,733,36 46,223, 2,921,124 43,302,115.
Total 100.00% 72.89% 100.00% 81.76%
90.05 0.23 9.82 240.76 .88 88
Other closing accounts receivable that is individually significant and provisions for bad debts individually.
□ Applicable √ Not applicable
In the group, other accounts receivable that provision for bad debts by aging analysis:
√ Applicable □ Not applicable
In RMB
Closing balance
Aging
Other receivable Bad debt provision Proportion
Subitem within 1 year
Subwithin 1 year 485,541.91 24,277.10 5.00%
1-2 years 718,105.55 71,810.55 10.00%
Over 5 years 2,881,332.58 2,881,332.58 100.00%
Total 4,084,980.04 2,977,420.23 72.88%
Notes of the basis of recognizing the group:
Other receivable account in Group on which bad debt provisions were provided on percentage basis：
□Applicable √Not applicable
Other Receivable accounts on which bad debt provisions are provided by other ways in the portfolio：
√Applicable □Not applicable
Group name 2015.6.30 Bad debt provision
Other group 68,625,810.01
(2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision during the reporting period was of RMB 61,795.35；the amount of the reversed or
collected part during the reporting period was of RMB5,500.00.
(3) The actual write-off other accounts receivable
In RMB
Items Amount
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Rui Dingwen 11,025.00
Han Chong 1,565.50
Liu Yanwei 3,691.82
Wang Sen 2,000.00
(4) Other accounts receivable classified by the nature of accounts
In RMB
Nature Amount in year-end Amount in year- begin
Capital intercourse 26,284,314.48 1,580,870.75
Guarantee 9,216,366.75 11,568,937.50
Personal official borrowing 4,224,697.91 3,147,658.48
Deposit 18,116,439.08 21,237,660.36
Persona Returnable Insurance 1,215,518.00 767,164.60
Export tax refunds 1,353,433.21 653,753.38
Power cost 299,905.00 448,544.45
Pretty cash 6,051,991.25 4,151,934.92
Other 5,948,124.37 2,666,716.32
Total a 72,710,790.05 46,223,240.76
（5）The ending balance of other receivables owed by the imputation of the top five parties
In RMB
The closing balance
Amount in
Name Nature Aging Proportion of bad debts
year-end
Wuhu Economic and Technol
ogical Development Zone Fin Guarantee 9,978,000.00 1-2 years 13.72%
ance Bureau
Kunshan Land Resources
Guarantee 9,000,000.00 Within 1 year 12.38%
Bureau
Changan International Trust
Other 5,000,000.00 Within 1 year 6.88%
Co., Ltd.
China Electronics Import &
Deposit 3,902,067.00 2~3 years 5.37%
Export Corporation
Wuhu Municipal Bureau of Other 1,772,000.00 Within 1 year 2.44%
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
human and social security
Total -- 29,652,067.00 -- 40.78%
6．Inventory
（1）Inventory types
In RMB
Year-end balance Year-beginning balance
Items
Provision for bad Provision for bad
Book Balance Book value Book Balance Book value
debts debts
Raw materials 287,433,509.56 287,433,509.56 382,245,773.22 382,245,773.22
Processing
26,945,438.68 26,945,438.68 10,388,557.26 10,388,557.26
products
Stock goods 54,970,646.43 54,970,646.43 117,526,116.51 117,526,116.51
Construction cont
ract has been com
19,129,883.78 19,129,883.78 2,622,252.99 2,622,252.99
pleted unsettled a
ssets
Development cost 880,105,653.65 880,105,653.65
Pruchase Material 52,955.23 52,955.23 71,386.81 71,386.81
Total 1,268,638,087.33 1,268,638,087.33 512,854,086.79 512,854,086.79
(2) Completed unsettled assets formed from the construction contact at the period-end
In RMB
Items Amount
Accumulated Incurred Cost 378,574,247.23
Accumulated Confirmed Gross Profit 96,153,023.10
Settlement Amount 455,597,386.55
Unliquidated Completed Assets Formed in the Construction
19,129,883.78
Contract
7. Other current assets
In RMB 元
Items Closing balance Opening balance
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Prepaid or pending certified taxes 539,235,123.60 452,571,217.34
USD exchange 58,000,000.00 58,000,000.00
Total 597,235,123.60 510,571,217.34
8. Long-term equity investment
In RMB
Increase/decrease
Closing
Adjustme
Cash Withdraw balance
Gains/los nt of
Opening Add Investme Chinges bonus or al of Closing of
Investees s of other
balance investmen nt of other profits impairme Other balance impairme
Investme comprehe
t decreased eqiuty announce nt nt
nt nsive
d to issue provision provision
income
I. Joint ventures
II. Associated enterprises
Zhongda
Chengxi
n
72,000,00 -28,077.7 71,971,92
Internati
0.00 4 2.26
onal
Commer
ce Co.,
Ltd.
72,000,00 -28,077.7 71,971,92
Subtotal
0.00 4 2.26
72,000,00 -28,077.7 71,971,92
Total
0.00 4 2.26
9. Fixed assets
(1) List of fixed assets
In RMB
Machinery
Items House, building Transportations Other equipment Total
eqiupment
I. Original price
1. Balance at 400,561,184.46 1,841,829,150.26 18,131,237.03 20,298,122.24 2,280,819,693.99
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
period-beginning
2.Increase in the
80,591,855.12 802,484,652.80 2,756,652.68 6,887,709.40 892,720,870.00
current period
(1) Purchase 2,388,441.86 5,103,667.06 7,492,108.92
（2）Inventory\Fixed
assets\ Transferred
182,500.00 547,167,234.98 106,238.46 547,455,973.44
from construction in
progress
(3)Increased of
80,409,355.12 255,383,820.05 368,210.82 1,611,401.65 337,772,787.64
Enterprise
Combination
(4)Investors -66,402.23 66,402.23
3.Decreased amount
171,250.00 4,145.30 175,395.30
of the period
（1）Dispose 171,250.00 4,145.30 175,395.30
4. Balance at
481,153,039.58 2,644,313,803.06 20,716,639.71 27,181,686.34 3,173,365,168.69
period-end
II.Accumulated
amortization
1.Opening balance 147,890,021.36 162,989,018.66 5,330,308.12 5,812,045.35 322,021,393.49
2.Increased amount
9,818,928.69 107,194,650.12 2,440,250.50 2,537,353.50 121,991,182.81
ofthe period
(1) Withdrawal 4,975,597.42 62,190,431.26 2,263,230.95 1,853,652.44 71,282,912.07
(3)Increased of
Enterprise 4,843,331.27 45,004,218.86 177,019.55 683,701.06 50,708,270.74
Combination
3.Decrease in the
124,541.56 2,803.17 127,344.73
reporting period
（1）Disposal 124,541.56 2,803.17 127,344.73
4.Closing balance
III. Impairment
provision
1.Opening balance 36,444.84
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
2.Increase in the
reporting period
（1）Withdrawl
3.Decrease i the
reporting period
（1）Disposal
4. Closing balance 36,444.84
IV. Book value
1.Book value ofthe
323,444,089.53 2,374,093,689.44 13,070,622.65 18,835,090.66 2,729,443,492.28
period-end
2.Book value of the
252,671,163.10 1,678,803,686.76 12,800,928.91 14,486,076.89 1,958,761,855.66
period-begin
(2) Details of fixed assets failed to accomplish certification of property
In RMB
Items Book value Reason
301#Office building 20,759,370.56 Processing
101#Main production plant 86,056,022.21 Processing
103 Water stations, waste water treatment
9,744,584.39 Processing
station
106# Integrated power station 12,405,589.12 Processing
110KVTransformer substation 4,648,869.27 Processing
401#Shift dormitory 21,394,671.32 Processing
Total l 155,009,106.87
Other notes
Note 1: The increase of original value and others of fixed asset is caused by adjustment for types of the companys asset; The
increase of consolidation is caused by the adding of the subsidiary Jiangsu Jixing New Materials Co., Ltd.
Note 2: The main reason of the increase of the fixed asset at the end of period compared to the beginning of period is that LCD glass
substrate turned into fixed asset and the acquisition of the subsidiary Jiangsu Jixing New Materials Co., Ltd. increased.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
10. Project under construction
(1)Project under construction
In RMB
Year-end balance Year-beginning balance
Items Book balance Provision for Book value Book balance Provision for Book value
devaluation devaluation
LCD glass
substrate
2,070,906,692.41 2,070,906,692.41 2,008,412,102.91 2,008,412,102.91
production line
project
Plant 39,523,012.05 39,523,012.05 37,317,530.31 37,317,530.31
KunshanColor
3,115,125.78 3,115,125.78
film Project
Sapphirecrystal
sultivation and
processing of 18,575,969.65 18,575,969.65
prodection line
eqiupment
Total 2,132,120,799.89 2,132,120,799.89 2,045,729,633.22 2,045,729,633.22
(2) Changes of significant construction in progress
In RMB
Includin
g:
Transferr Capitaliz
Capitaliz capitaliz Source
Name of Opening ed to Other End Proporti Project ation of
Budget Increase ation of ation of of
project balance fixed decrease balance on % process interest
interest interest funding
assets rate (%)
this
period
LCD
glass
substrate 7,576,52 2,008,41 609,244, 546,750, 2,070,90 358,821, 93,896,5 Financin
58.31% 34.55%
producti 0,000.00 2,102.91 730.48 140.98 6,692.41 877.25 79.90 g
on line
project
Plant 40,000,0 37,317,5 2,205,48 39,523,0 93.29% 98.81% Self and
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
00.00 30.31 1.74 12.05 Loan
Kunshan
Color 3,115,50 3,115,12 3,115,12 Self and
film 0,000.00 5.78 5.78 loan
Project
Sapphire
crystal
sultivati
on and
process 44,630,0 19,281,8 705,832. 18,575,9 Self and
ing of 00.00 02.11 46 69.65 loan
prodect
ion line
eqiupm
ent
10,776,6
2,045,72 633,847, 547,455, 2,132,12 358,821, 93,896,5
Total 50,000.0 -- -- --
9,633.22 140.11 973.44 0,799.89 877.25 79.90
0
11. Engineering Material
In RMB
Items Closing balance Opening balance
Special Equipment 128,287,454.02 22,086,763.66
Special tools
Special material 9,497.11 8,322.76
Total 128,296,951.13 22,095,086.42
Other notes：
12. Intangible assets
（1）Information
In RMB
Proprietary Acquistition
Items Land use right Patent Non-patents Total
technology software
I. Original price
1. Balance at
230,419,457.00 1,266,932.90 231,686,389.90
period-beginning
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
2.Increase in the
64,918,682.23 1,661,547.60 4,500,000.00 223,944.53 71,304,174.36
current period
(1) Purchase 73,517.17 73,517.17
（ 2 ）
Inventory\Fixed
assets\ Transferr
ed from construct
ion in progress
(3)Increased of
64,918,682.23 1,661,547.60 150,427.36 66,730,657.19
Enterprise
Combination
(4)Investors 4,500,000.00 4,500,000.00
3.Decreased
amount of the
period
（1）Dispose
4. Balance at
295,338,139.23 1,661,547.60 4,500,000.00 1,490,877.43 302,990,564.26
period-end
II.Accumulated
amortization
1.Opening
10,858,603.88 182,028.96 11,040,632.84
balance
2.Increased
amount ofthe 7,048,700.20 1,661,547.60 56,250.00 192,776.78 8,959,274.58
period
(1) Withdrawal 2,740,714.18 138,462.30 56,250.00 103,745.38 3,039,171.86
(3)Increased of
Enterprise 4,307,986.02 1,523,085.30 89,031.40 5,920,102.72
Combination
3.Decrease in the
reporting period
（1）Disposal
4.Closing balance 17,907,304.08 1,661,547.60 56,250.00 374,805.74 19,999,907.42
III. Impairment
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
provision
1.Opening
balance
2.Increase in the
reporting period
（1）Withdrawl
3.Decrease i the
reporting period
（1）Disposal
4. Closing
balance
IV. Book value
1.Book value
277,430,835.15 4,443,750.00 1,116,071.69 282,990,656.84
ofthe period-end
2.Book value of
219,560,853.12 1,084,903.94 220,645,757.06
the period-begin
13. R&D expenses
In RMB
Opening Closing
Items Increase Decrease
balance balance
Isostatic
reaction
5,152,304.66 5,152,304.66
sintering SiC
project
A glass
substrate
having a
guide means
2,464,567.58 2,464,567.58
washing
machine
transmission
plant project
Raw material
1,833,871.15 1,833,871.15
research and
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
application
projects to
improve the
amount of
broken glass
New glass
cutting
chopping 4,812,698.89 4,812,698.89
mechanism
project
Kiln brace
self-locking
mechanism
5,462,801.36 5,462,801.36
design and
application
projects
R & D and
application
projects 4,249,923.62 4,249,923.62
CMEC
system
23,976,167.2 23,976,167.2
Total
6 6
14.Long-term amortization expenses
In RMB
Balance in Increase at this Amortization at
Items Decrease Balance in year-end
year-begin period this period
Operating lease asset
s improvement expe 14,106,796.67 3,154,540.94 2,353,818.77 14,907,518.84
nses
Total 14,106,796.67 3,154,540.94 2,353,818.77 14,907,518.84
15. Deferred income tax assets and deferred income tax liability
(1) Details of the un-recognized deferred income tax assets
In RMB
Items Balance in year-end Balance in year-begin
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Temporarily Deductable Deferred Income Tax Temporarily Deductable Deferred Income Tax
or Taxable Difference Assets or Taxable Difference Assets
Assets devaluation
15,570,437.83 2,501,759.99 20,111,210.46 3,085,565.86
provision
Not realized the internal
787,973,192.80 118,195,978.92 628,965,896.93 94,344,884.54
profit
Deductible loss 149,856,876.79 22,478,531.52 57,465,552.78 8,619,832.91
Deferred income
34,278,077.80 5,141,711.67
defference
Depredation Defference 34,594,929.67 5,189,239.45
Total 1,022,273,514.89 153,507,221.55 706,542,660.17 106,050,283.31
（2）Deferred income tax assets and liabilities are presented as net amount after neutralization
In RMB
Deferred Income Tax Temporarily Deductable
Deferred Income Tax Temporarily Deductable
Assets or Liabilities at or Taxable Difference at
Items Assets or Liabilities at or Taxable Difference at
the Beginning of Report the Beginning of Report
the End of Report Period the End of Report Period
Period Period
Deferred income tax 153,507,221.55 106,050,283.31
(3) List of unrecognized deferred income tax assets
In RMB
Items Closing amount Opening amount
Deductible losses 7,050,673.20 4,260,364.76
Bad debt provision 75,330.50 7,422,986.09
Impairment of fixed assets 36,444.84 36,444.84
Total 7,162,448.54 11,719,795.69
(4) Deductible losses of unrecognized deferred income tax assets will due the following years
In RMB
Year Closing amount Opening amount Notes
2016
2017 1,360,570.52 1,360,570.52
2018 15,649.80 15,649.80
105
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
2019 2,884,144.44 2,884,144.44
2020 2,790,308.44
Total 7,050,673.20 4,260,364.76 --
16. Short-term loan
（1）Categories of short-term loans
In RMB
Items Closing balance Opening balance
Pledge loan 236,900,000.00 48,900,000.00
Mortgage loan 79,300,000.00
Guarantee loan 2,220,000,000.00 1,240,000,000.00
Credit loan 100,052,500.00
Total 2,636,252,500.00 1,288,900,000.00
Notes 1：Compared to the beginning of period, the short-term loan increased at the end of period is mainly by reason of the
requirement of production & management and asset invested ,which resulted in the increase of loan.
Notes 2： The mortgage loan at the end of period is 79.3 million RMB, the subsidiary Jiangsu Jixing New Materials Co., Ltd.
acquires the mortgage loan with own house property(house property certificate: Yangfang Zi No.81800980, Yangfang Zi
No.81800981, Yangfang Zi No.81800982) and land use right ( Yangguo Yong No.10483(2011), Yangguo Yong No. 10484(2011),
Yangguo Yong No. 10486(2011), Yangguo Yong No. 10487(2011)). Zhenjiang Huantai Silicon Technology Co., Ltd. provides pledge
to Jiangsu Jixing New Materials Co., Ltd. with its own house property and land use right, which Yangzhong City Construction
Investment and Development Corporation provides guarantee.
Notes 3：The guaranteed loan amount at the end of the period is RMB 2220 million, of which: Dongxu Group Co., Ltd. provides joint
guarantee of RMB680 million to the company, Dongxu Group Co., Ltd. provides guarantee of RMB 200 million to company,
meanwhile, Zhengzhou Xufei Optoelectronic Technology Co., Ltd. provides pledge of RMB200 million to the company, of whose
pledge is receivables; Li Zhaoting provides guarantee of RMB 600 million to company; Dongxu Group Co., Ltd., Li Zhaoting and
Li Qings provide guarantee of RMB 400 million to the company, meanwhilie, the companys shareholder Shijiazhuang Baoshi
Electronics Group Co., Ltd. provides pledge of RMB 33.5 million of its holding shares; The company provides guarantee of RMB
150 million to the subsidiary Wuhu Dongxu Optoelectronic Technology Co., Ltd.; The company provides guarantee of RMB50
million to the subsidiary Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd.; Wuhu Economic and Technological
Development Zone Construction Investment Co., Ltd provides guarantee of RMB 165 million to the subsidiary Wuhu Dongxu
Optoelectronic Technology Co., Ltd.; Wuhu Economic and Technological Development Zone Construction Investment Co., Ltd
provides guarantee of RMB 175 million to the subsidiary Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd.
Notes 4：The pledge of the pledge loan is RMB 250 milllion ofthe fixed deposit receipts.
17. .Bills payable
In RMB
106
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Type At end of term At beginning of term
Bank acceptance 334,000,000.00 280,000,000.00
Total 334,000,000.00 280,000,000.00
18.Account payable
（1）Account payable
In RMB
Items Closing balance Opening balance
Engineering fund 156,520,078.74 122,030,389.98
Material fund 132,675,694.31 52,824,802.87
Equipment fund 37,944,646.49 57,538,236.85
Total 327,140,419.54 232,393,429.70
（2）Significant accounts payable that aged over one year
In RMB
The reason for not repaid or carried f
Items Balance in year-end
orward
Not reached the agreed payment terms and
Shenzhen Junli Industry Co., Ltd. 26,284,388.25
deadlines
Sichuan Yilong Construction Co., Ltd. Not reached the agreed payment terms and
13,382,220.00
Kezhou Branch deadlines
Shijiazhuang Baoshi VacuumGlass Co., Not reached the agreed payment terms and
5,533,363.79
Ltd. deadlines
Total 45,199,972.04 --
Other notes：
19.Advance account
（1）Advance account
In RMB
Items Closing balance Opening balance
Goods 48,434,563.33 90,225.70
Engineering fund 29,915,416.18 22,292,047.77
107
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Total 78,349,979.51 22,382,273.47
(2) Information of unliquidated completed assets formed in the construction contract at the end of the period
In RMB
Items Amount
Accumulated Incurred Cost 378,574,247.23
Accumulated Confirmed Gross Profit 96,153,023.10
Settlement Amount 455,597,386.55
Unliquidated Completed Assets Formed in the Construction
19,129,883.78
Contract
Other notes：
Notes 1：In the end of the period, No More than due within 1 year of age of payment in advance .
Notes 2：the main reason of prepayment increase in the end of the period compared with that in the beginning of the period is the
prepayment increase
20. Payroll payable
(1) List of Payroll payable
In RMB
Items Balance in year-begin Increase at this period Decrease at this period Balance in year-end
I.
23,202,085.31 190,591,590.88 183,197,629.11 30,596,047.08
Short-term remuneration
II.
Post-employment benefit
543,679.18 11,659,515.68 11,959,250.90 243,943.96
s - defined contribution p
lans
Total 23,745,764.49 202,251,106.56 195,156,880.01 30,839,991.04
（2）Short-term remuneration
In RMB
Items Balance in year-begin Increase at this period Decrease at this period Balance in year-end
1.Wages, bonuses,
16,021,929.52 159,324,828.74 151,791,747.12 23,555,011.14
allowances and subsidies
2.Employee welfare 10,040.00 16,784,218.49 16,785,328.29 8,930.20
108
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
3. Social insurance
520,694.42 6,444,681.99 6,781,952.27 183,424.14
premiums
Including：Medical
230,899.54 5,805,556.40 5,861,037.06 175,418.88
insurance
Work injury insurance 282,919.24 312,002.96 591,809.20 3,113.00
Maternity insurance 6,875.64 327,122.63 329,106.01 4,892.26
4. Public reserves for
1,419,886.63 4,206,736.29 5,221,879.25 404,743.67
housing
5.Union funds and staff
4,031,695.84 3,354,011.96 976,140.18 6,409,567.62
education fee
Other 1,197,838.90 477,113.41 1,640,582.00 34,370.31
Total 23,202,085.31 190,591,590.88 183,197,629.11 30,596,047.08
（3）Defined contribution plans listed
In RMB
Items Balance in year-begin Increase at this period Decrease at this period Balance in year-end
1. Basic old-age
481,337.35 11,025,912.21 11,272,213.01 235,036.55
insurance premiums
2.Unemployment
62,341.83 633,603.47 687,037.89 8,907.41
insurance
Total 543,679.18 11,659,515.68 11,959,250.90 243,943.96
Other notes:
21. Taxes payable
In RMB
Items Closing balance Opening balance
VAT 49,837,544.76 9,247,682.59
Business Tax 11,650,551.79 6,936,257.84
Enterprise Income tax 86,340,073.24 87,006,009.38
Individual income tax 9,948,289.45 1,386,232.05
City Construction tax 4,285,597.59 1,007,109.51
Educational surtax 3,008,295.34 613,437.48
House property tax 2,206,698.29 1,730,669.03
Stamp tax 135,022.11 204,847.64
109
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Other 160,637.30 30,500.99
Land use tax 918,622.00 757,712.65
Total 168,491,331.87 108,920,459.16
Other notes:
22. Interest payable
In RMB
Items Closing balance Opening balance
Enterprise bond interest 6,666,666.67
Total 6,666,666.67
23. Dividends payable
In RMB
Items Closing balance Opening balance
Minority shareholders of a subsidiary divid
30,000,000.00
ends
Total 30,000,000.00
24. Other accounts payable
(1) Other accounts payable listed by nature of the account
In RMB
Items Closing balance Opening balance
Current account 24,603,652.70 22,989,721.83
Deposit 9,572,417.93 10,112,118.72
Individual offical borrowing 18,621,514.23 16,658,466.88
Deposit 533,800.00 739,230.00
Social secutity withholding 114,700.28 153,034.22
Engineering fund 5,519,799.70 1,617,175.91
Equipment fund 6,065,857.97 6,065,857.97
Material fund 3,414,402.73 564,774.31
Other 7,759,215.41 10,366,744.55
Total 76,205,360.95 69,267,124.39
110
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
(2) Other significant accounts payable with aging over one year
In RMB
Items Closing balance Unpaid/un-carry-over reason
Other notes:
Aged over one year Other payables of RMB 64,768,071.44 mainly for contract deposit and current models
25.Non-current liabilities due within 1 year
In RMB
Items Closing balance Opening balance
Long –term due within 1 year 416,000,000.00 268,000,000.00
Total 416,000,000.00 268,000,000.00
Other notes：
26.Other current liabilities
In RMB
Items Closing balance Opening balance
USD exchange 61,190,000.00 61,190,000.00
Government grants projects 2,497,933.33 2,497,933.33
Total l 63,687,933.33 63,687,933.33
Other explanation ：
Notes 1：Government grants projects
Items Balance in New grants The non-operating Balance in year-end
Income related to
year-begin amount of this revenue amount of
assets
period this period
Environmental protection 20,000.00 10,000.00 10,000.00 20,000.00 Related to assets
subsidy for Phase-II Glass
Tube Project
2,244,600.00 1,122,300.00 1,122,300.00 2,244,600.00
Government support funds
Grant of Industry 233,333.33 116,666.64 116,666.64 233,333.33
Revitalization and Technology
Reconstruction Project
111
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Total 2,497,933.33 1,248,966.64 1,248,966.64 2,497,933.33
Notes 2：In 1993,the Group signed the agreement on exchange of US dollars which agreed returning 10,000,000 US dollars to the
Exchange Unit and repossess the RMB 58,000,000 exchanged in November 1998, As of June 30, 2015, the Group still consults with
the Exchange Unit on the returning of the exchange.
27. Long-term loan
(1) Category of long-term loan
In RMB
Items Closing balance Opening balance
Pledge loan 4,020,000,000.00 3,840,000,000.00
Credit loan 200,000,000.00
Add：Long-term due twithin 1 yaar -416,000,000.00 -268,000,000.00
Total 3,804,000,000.00 3,572,000,000.00
Notes ：
Notes 1：Mortgage loan of RMB 4,020,000,000.00 is both mortgage loan and guaranteed loan and the amount of transferred
non-current liability payable within one year is RMB416,000,000.00. Of which:
(1) The mortgage and guarantor of loan of RMB 680,000,000.00 are:（a、a. Mortgage of state-owned land employment right covering
202 mu (0.1346667 km and workshops after the project is completed by Wuhu Dongxu Optoelectronic Technology Co., Ltd., and
mortgage guarantee is provided by 2 precious metal platinum channels; b. the loan guarantor is Wuhu Construction Investment Co.,
Ltd.
(2) The collateral and guarantor for the loan valuing 2,200,000,000.00 yuan are: a. 8 precious metal platinum channels owned by
Wuhu Dongxu Optoelectronic Technology Co., Ltd. as mortgage guarantee; b. the entire joint liability guarantee provided by Dongxu
Optoelectronic Technology Co., Ltd. to its subsidiary Wuhu Dongxu Optoelectronic Technology Co., Ltd.
(3) The collateral and guarantor for the loan valuing 500,000,000.00 yuan are: a. mortgage of land-use right of Wuhu Development
(Industrial) State-owned Land Employment Right 2013 No. 020, Wuhu Development (Industrial) State-owned Land Employment
Right 2013 No. 021 and Wuhu Development (Industrial) State-owned Land Employment Right 2014 No. 008 owned by Wuhu
Dongxu Optoelectronic Equipment Technology Co., Ltd.; b. the entire joint liability guarantee provided by Dongxu Optoelectronic
Technology Co., Ltd. to its subsidiary Wuhu Dongxu Optoelectronic Technology Co., Ltd.
(4) The collateral, hostage and guarantor for the loan valuing 640,000,000.00 yuan are: a. the pledger is Beijing Xufeng Real Estate
Co., Ltd. and the collateral is the land use rights covering 21,137.723 m2 owned by Beijing Xufeng Prperty Co., Ltd.; b. the pledgor
is Dongxu Optoelectronic Technology Co., Ltd., and the hostage is the 100% equity of Beijing Xufeng Real Estate Co., Ltd. which
is the wholly-owned subsidiaries of the company; c. Dongxu Group, Li Zhaoting and Li Qing provide guarantee for Dongxu
Optoelectronic Technology Co., Ltd.
Notes 2: The company has no overdue long-term loans.
Other notes including interest rate range:
Notes 3:The annual interest rates of long-term loans are normally 6%--6.55%, and the annual interest rate of the loan valuing 0.64
billion yuan is 12.5%.
112
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
28. Bonds payable
(1) Bonds payable
In RMB
Items Closing balance
15 Dongxu Bonds 987,254,616.00 0.00
Total 987,254,616.00
(2) Changes on bonds payable (not including other financial instrument classified as preferred stock andperpetual capital
securities of financial liabilities)
In RMB
Overflow
The Withdraw Pay in
Name of Book Issue Opening discount Interest Closing
Issue date Period current interest at current
the bond value amount bslance amortizati payable period
issue par period
on
1,00
15
0,00 2015-5-1 1,000,000 1,000,000 6,666,666 -12,745,3 987,254,6
Dongxu 5 years 0.00
0,00 9 ,000.00 ,000.00 .67 84.00 16.00
Bond
0.00
(3) Note to conditions and time of share transfer of convertible bonds
Note to other financial instrument classified as financial liabilities
Basic information of preferred stock, perpetual capital securities and other financial instruments outstanding issued at period-end
Change list of preferred stock, perpetual capital securities and other financial instruments outstanding issued at period-end
Other notes:
Note: Deliberated and approved by the 21st Meeting of the 7th Board of Directors of Dongxu Optoelectronic and the 3rd Extraordinary
General Meeting in 2014 and authorized by Document No. [2015] 635 approved by China Securities Regulatory Commission
(CSRC), the company issued public bonds valuing 1 billion yuan on May 19, 2015 at the price of 100 yuan per share. The issuance
was carried out in the way of online issuing to the social public investors and offline inquiry and sales to the institutional investors.
The final issuing result is 1 billion yuan for 5 years and the bond duration is 5 years. The issuers option of increasing nominal
interest rate and investors option of resale have been provided in the end of 3rd year at the rate of 6%. The nominal interest rate of
bonds issued this time will remain the same in the first 3 years within the duration. When the company exercises the option of
increasing nominal interest rate, the nominal interest rate of bonds which have not been resold in the final 2 years of the duration will
be the nominal interest rate in the first 3 years added with increased points, and the interest rate in the final 2 years of the duration
will remain the same. If the company does not exercise the option of increasing nominal interest rate, the nominal interest rate of
bonds which have not been resold in the final 2 years of the duration will remain the same, the total amount of raised funds is 1
billion yuan and the payment of interest will be carried out once per year.
113
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
29.Deferred income
In RMB
Balance in Increase at this Decrease at this
Items Balance in year-end Reason
year-begin period period
Govemment Subsidy 33,064,111.11 1,248,966.64 31,815,144.47
Total 33,064,111.11 1,248,966.64 31,815,144.47 --
Liabilities related to government subsidy:
In RMB
The
Balance at the New grants
non-operating Balance at the Income related to
Liabilities beginning of amount of this Other changes
revenue amount end of period assets
period period
of this period
Grant of
Government 29,928,000.00 -1,122,300.00 28,805,700.00 Related to assets
Infrastructure
Grant of
Glass-tube
Secondary 25,000.00 -10,000.00 15,000.00 Related to assets
Environmental
Protection
Grant of Industry
Revitalization
and Technology 3,111,111.11 -116,666.64 2,994,444.47 Related to assets
Reconstruction
Project
Total 33,064,111.11 -1,248,966.64 31,815,144.47 --
30.Stock capital
In RMB
Increase/decrease this time (+ , - )
Balance Balance
Issuing of new Transferred
Year-beginning Bonus shares Other Subtotal year-end
share from reserves
Total of capital 2,662,080,001. 2,662,080,001.
shares 00 00
114
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
31. Capital reserves
In RMB
Items Year-beginning balance Increase in current Decrease in current Year-end balance
Share premium 2,888,444,542.98 3,464,565.30 2,891,909,108.28
Other 31,522,375.26 31,522,375.26
Total 2,919,966,918.24 3,464,565.30 2,923,431,483.54
Other notes, including changes and reason of change:
Notes：Change of capital reserve: Owning to the equity incentive, the amortized expense increased RMB3,186,600 of capital reserve;
The company provided capital increase to the subsidiary Dongxu(Kunshan) Display Materials Co., Ltd. at the current period, which
resulted in the increase of RMB 277,965.30 of capital reserve.
32. Surplus reserve
In RMB
Items Year-beginning balance Increase in the current Decrease in the current Year-end balance
period period
Statutory surplus reserve 66,158,108.81 66,158,108.81
Total 66,158,108.81 66,158,108.81
33. Retained profits
In RMB
Items
Amount of current period Amount of previous period
Before adjustments: Retained profits in last period
788,527,477.96 -53,394,384.81
end
After adjustments: Retained profits at the period
788,527,477.96 -53,394,384.81
beginning
Add：Net profit belonging to the owner of the
433,177,734.96 407,536,660.90
parent company
Dividend of common stock payable 266,208,000.10
Retained profits at the period end 955,497,212.82 354,142,276.09
34. Business income, Business cost
In RMB
115
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Amount of current period Amount of previous period
Items
Income Cost Income Cost
Main business 1,440,579,540.95 805,642,994.51 908,569,346.34 431,173,975.18
Other business 6,020,719.58 327,232.15 1,405,396.75 1,897,765.86
Total 1,446,600,260.53 805,970,226.66 909,974,743.09 433,071,741.04
35. Business tax and subjoin
In RMB
Items Amount of current period Amount of previous period
Business tax 7,574,652.16 163,571.63
Urban construction tax 7,904,674.76 8,686,601.19
Education surcharg 5,647,408.99 6,204,715.14
Other 1,472.01
Total 21,128,207.92 15,054,887.96
Other notes：
Notes：The main reason of the increase of the current business tax year on year was the adding of the subsidiary Sichuan Ruiyi
Construction Engineering Co., Ltd. in the second half year of 2014, which resulted in the increase of the business tax.
36.Sales expenses
In RMB
Items Amount of current period Amount of previous period
Wage and additional cost 3,183,271.82 2,653,082.17
Business expenses 1,359,559.90 192,995.70
Office fee 1,451,799.79 34,240.36
Travel fees 1,113,131.40 399,043.30
Publicize Fees 476,376.42 150,000.00
Miscellaneous charges 1,669,687.77 791,241.95
Other 630,978.50 173,315.29
Total 9,884,805.60 4,393,918.77
37 Administrative expenses
In RMB
116
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Items Amount of current period Amount of previous period
Wage and additional cost 48,314,168.69 33,107,325.84
Business expenses 4,726,170.76 2,277,892.29
Labor protect fee 2,548,181.12 1,492,458.13
Office fees 19,210,793.22 10,539,652.59
Travel fees 2,673,800.45 3,479,040.99
Publicize Fees 3,909,665.61 1,212,189.38
Miscellaneous charges 1,337,607.64 163,565.76
Tax 10,139,192.17 5,372,282.74
Depreciation accumulative 10,227,846.77 4,755,611.89
Research expenses 1,582,289.84 193,298.03
Consultation fees 13,246,795.81 2,954,750.42
Rental fees 14,708,975.13 10,781,830.43
Equity incentive cost 3,186,600.00
Other 11,584,984.06 4,276,713.70
Total 147,397,071.27 80,606,612.19
38. Financial expenses
In RMB
Items Amount of current period Amount of previous period
Interest expenses 133,665,417.77 12,218,643.77
Less：Interest income 3,357,422.22 5,829,084.67
Add：Exchange gains and losses 2,213,435.75 -818,166.61
Financial institution 498,591.98 468,027.19
Bill discount rate 8,309,638.69 17,342,000.61
Other 2,335.00 7,579.77
Total 141,331,996.97 23,389,000.06
39. Asset impairment loss
In RMB
Items Amount of current period Amount of previous period
1. Bad debt loss -11,901,222.20 88,535.20
117
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Total -11,901,222.20 88,535.20
40.Investment income
In RMB
Items Amount of current period Amount of previous period
Long-term equity investment income by equity
-28,077.74
method
Total -28,077.74
41. Non-operating income
In RMB
The amount of non-operating
Items Amount of current period Amount of previous period
gains & losses
Govemment Subsidies 186,458,166.64 175,895,903.21 186,458,166.64
The deductible input tax income 2,439,717.82 2,439,717.82
Enterprise merger 18,763,137.14 18,763,137.14
Other 233,637.06 4,915,341.07 233,637.06
Total 207,894,658.66 180,811,244.28 207,894,658.66
Government subsidy reckoned into current gains/losses
In RMB
Items Amount of this period Amount of last period Assets-related/income -related
Grant of Government
1,122,300.00 Related to assets
Infrastructure
Grant of Industry Revitalization
and Technology Reconstruction 116,666.64 Related to assets
Project
Grant of Glass-tube Secondary
10,000.00 Related to assets
Environmental Protection
Financial Grant of Bureau of
Finance in Wuhu Economic and
60,000,000.00 Related to income
Technological Development
Zone
Grant of fifth G6TFT-LCD
30,000,000.00 60,000,000.00 Related to income
glass substrate production line
118
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Ignition operation
Finance Bureau Innovation
70,000.00 Related to income
award Fund
Tax Returns 45,000,000.00 98,011,803.21 Related to income
Grant of Subsidies Wuhu
99,200.00 Related to income
Human Resources Center
Foreign trade awards 40,000.00 Related to income
Financial Grant of Bureau of
Finance in Wuhu Economic and
50,000,000.00 17,884,100.00 Related to income
Technological Development
Zone
Total 186,458,166.64 175,895,903.21 --
Other notes：
Note 1: The main reason of the higher increase of the current nonbusiness income is that the current acquisition of the subsidiary
Jiangsu Jixing New Materials Co., Ltd.s acquisition cost is less than the profit and loss generated by fair value.
Note 2: The reason of the profit and loss generated by the early-stage input tax with the current deduction is that an input tax at the
early stage which wasnt deducted by tax bureau at that time, counted in the material value by the company, has resulted in a
deduction with tax bureaus agreement.
42.Non-Operation expense
In RMB
Amount of current period Amount of previous period The amount of non-operating
Items
gains & lossed
Total of Non-current assets
35,050.57 35,050.57
Disposition
Including：Disposal of fixed
35,050.57 35,050.57
assets
Other 52,176.09 11,600.24 52,176.09
Total 87,226.66 11,600.24 87,226.66
43. Income tax expense
(1) Lists of income tax expense
In RMB
Items Amount of current period Amount of previous period
Income tax at current period 134,154,652.85 146,816,075.75
119
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Deferred income tax -47,452,276.79 -51,745,340.19
Total 86,702,376.06 95,070,735.56
（2）Accounting profit and income tax expense adjustment process
In RMB
Items Amount of current period
Total profit 540,568,528.57
Income tax expense at statutory / applicable tax rates 81,264,916.78
Effect of different tax rates applicable to subsidiaries 4,568,546.42
Income tax adjustments on prior periods 201,236.99
Impact of non-deductible costs, expenses and losses 504,997.23
Affect the use of deferred tax assets early unconfirmed
-255,867.63
deductible losses
The current period does not affect the deferred tax assets
418,546.27
recognized deductible temporary differences or deductible loss
Income tax expense 86,702,376.06
Other notes
Notes : Increase during the period of the company's sales revenue increased income corresponding to the number of the Company
payable by the Company to increase the income tax expense.
44. Supplementary information to cash flow statement
(1) Other cash received relevant to operating activities
In RMB
Items Amount of current period Amount of previous period
Interest income 55,561.28 6,161,339.08
Government subsidy 140,209,200.00 64,049,300.00
Deposits income 1,259,879.12 1,671,694.16
Current account income 88,276,416.62
The return of individual borrowers 1,331,808.15
Other 225,429.85 40,306,510.92
Total 141,750,070.25 201,797,068.93
120
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
（2）Other cash paid related to oprating activities
In RMB
Items Amount of current period Amount of previous period
Consultation Services fee 13,673,835.81 2,951,840.10
Business expenses 6,061,644.66 2,476,746.05
Current account 33,838,692.99 121,864,774.18
Labour insurance expenses 2,595,558.52 1,495,829.60
R& D 1,364,191.35 193,298.03
Advertising expenses 4,344,532.60 1,388,604.47
Water and electricity expense 14,485,354.73 10,784,730.44
Travel expenses 6,513,959.50 4,029,376.89
Staff official borrowing 3,662,906.00 13,989,337.90
Office expenses 13,570,060.18 5,742,399.01
Deposit 10,271,678.55 33,870,000.00
Other 15,355,577.95 1,495,449.80
Total 125,737,992.84 200,282,386.47
（3）Other Cash received related to investment activities
In RMB
Items Amount of current period Amount of previous period
The post-money balance of the cash and
cash equivalents of Sichuan Ruiyi ’ s
21,508,443.43
acquisition date which deducted the
currency paid for the acquisition.
The post-money balance of the cash and
cash equivalents of Jiangsu Jixings
64,574,268.94
acquisition date which deducted the
currency paid for the acquisition.
Total 64,574,268.94 21,508,443.43
（4）Other Cash payable related to investment activities
In RMB
Items Amount of current period Amount of previous period
121
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Investment 70,000,000.00
Total 70,000,000.00
（5）Other Cash received related to Financing activities
In RMB
Items Amount of current period Amount of previous period
Interest incme 3,301,860.94
Bill financing 91,976,044.67
Total 95,277,905.61
（6）Other Cash payable related to Financing activities
In RMB
Items Amount of current period Amount of previous period
Financing expenses 14,000,000.00
Bill discount rate 17,342,000.61
Bill financing 203,000,000.00
Total 217,000,000.00 17,342,000.61
45. Supplement Information for cash flow statement
（1）Supplement Information for cash flow statement
In RMB
Supplement Information Amount of current period Amount of previous period
I. Adjusting net profit to cash flow from
-- --
operating activities
Net profit 453,866,152.51 439,098,956.35
Add: Impairment loss provision of assets -11,901,222.20 88,535.20
Depreciation of fixed assets, oil and gas
71,282,912.07 14,630,809.29
assets and consumable biological assets
Amortization of intangible assets 3,039,171.86 1,521,150.69
Amortization of long-term deferred
2,353,818.77
fexpenses
122
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Loss on disposals of fixed assets, intangible
assets and other long-term assets ("-" for 35,050.57
gains)
Financial expenses 132,335,401.56 12,218,643.77
Investment loss 28,077.74
Decrease of deferred income tax assets -47,452,276.79 -50,329,714.62
Decrease of inventories -727,311,288.79 95,435,690.63
Decease of operating receivables 1,759,834,925.93 -2,066,626,958.21
Increased of operating Payable -1,561,037,267.45 62,160,801.85
Net cash flows arising from operating
75,073,455.78 -1,491,802,085.05
activities
2.Significant investment and financing
-- --
activities that without cash flows:
3．Changes Balance of cash and cash
-- --
equivalents
Ending balance of cash 4,478,346,244.54 1,657,658,157.43
Less: Beginning balance of cash 3,006,271,083.93 2,465,010,913.24
Net increase of cash and cash equivalents 1,472,075,160.61 -807,352,755.81
(2) Net Cash paid of obtaining the subsidiary
In RMB
Amount
Cash or Cash Equivalent of Enterprise consolidation that Occurred
162,345,300.00
in the Current Period Paid in the Current Period
Including： --
Jiangsu Jixing New Material Co., Ltd. 162,345,300.00
Less：Cash or Cash Equivalent Owned by Subsidiary on the
226,919,568.94
Purchasing Date
Including： --
Jiangsu Jixing New Material Co., Ltd. 226,919,568.94
Including： --
Received Net Cash Paid by Subsidiary -64,574,268.94
Notes:
123
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
（3）Composition of cash and cash equivalents
In RMB
Items Balance in year-end Balance in year-Beginning
4,478,346,244.54 3,006,271,083.93
I. Cash
228,105.10 203,730.89
Of which: Cash in stock
Bank savings could be used at any time 4,419,439,322.84 2,975,347,655.46
Other monetary capital could be used at any
58,678,816.60 30,719,697.58
time
III. Balance of cash and cash equivalents at
4,478,346,244.54 3,006,271,083.93
the period end
Including：
Parent company or subsidiary of the Group c 376,182,494.48 190,000,000.00
ash and cash equivalents restricted
Notes：
46. The assets with the ownership or use right restricted
In RMB
Items Book value in year-end Reason
Monetary funds 376,182,494.48 Pledge of collateral
Inventory 640,000,000.00 Pledge loans
Fixed assets 3,459,300,000.00 Pledge loans
Construction in process
Total 4,475,482,494.48 --
47. Foreign currency monetary items
(1) Foreign currency monetary items
In RMB
Closing foreign currency Closing convert to RMB
Items Exclange rate
balance balance
Monetary fund
Including：USD 526,996.42 6.113600 3,221,845.31
Euro 11,540.00 6.869900 79,278.65
124
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
HKD 4,666.70 0.788610 3,680.21
JPY
GBP 2,277.81 9.642200 21,963.10
USD 1,600,000.00 6.2206 9,952,960.00
Account payable
Including：USD 1,082,550.05 6.113600 6,618,277.99
JPY 403,795,478.62 0.05005 20,210,771.30
Prepayment
Including：USD 1,480,206.19 6.113600 9,049,388.56
Euro 2,747,433.59 6.869900 18,874,594.02
HKD
JPY 484,990,777.00 0.050052 24,274,758.37
GBP 451,058.90 9.642200 4,349,200.13
VIII.Changes of consolidation scope
1.Enterprise consolidation ont under the same control
（1）Enterprise consolidation not under the same control in reporting period
In RMB
Income of Net Profit of
Determinatio Acquire Acquire from
Ratio of
Time-point of Obtained Method of n Basis on from the the
Name of Obtained Purchasing
Obtained Cost of Obtained the Purchasing Purchasing
Acquiree Equity Date
Equity Equity Equity Purchasing Date to the Date to the
(100%)
Date End of the End of the
Period Period
Jiangsu
Obtain a
Jixing New February 167,345,300. Purchase and February 43,535,555.9
50.50% business 154,379.23
Material Co., 28,2015 00 add share 28,2015 3
license
Ltd.
(2) Consolidation Cost and Goodwill
In RMB
Combined cost Jiangsu Jixing New Material Co., Ltd.
--Cash 167,345,300.00
125
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Total Consolidation cost 167,345,300.00
Less：Reduction: Obtained Definable Net Assets Fair Proportion 186,108,437.14
Goodwill/ The Consolidation Cost is Less Than the Obtained
18,763,137.14
Definable Net Assets Fair Proportion
(3) The identifiable assets and liabilities of acquiree at purchase date
In RMB
Jiangsu Jixing New Material Co., Ltd.
Fair value on purchase date Book value on purchase date
Monetary fund 259,007,478.19 259,007,478.19
Account receivable 47,264,960.80 47,264,960.80
Inventories 28,472,711.75 28,472,711.75
Fixed assets 287,064,516.90 256,317,009.13
Intangible assets 60,810,554.47 58,497,844.31
Bill payable 3,753,250.00 3,753,250.00
Prepayments 12,885,701.67 12,885,701.67
Other receivable 18,625,745.67 18,625,745.67
Construction in progress 13,625,131.74 13,625,131.74
Differed income tax asset 4,661.45 4,661.45
Loan 106,257,500.00 106,257,500.00
Account payable 17,956,318.31 17,956,318.31
Advance receipts 30,936.29 30,936.29
Bill payable 203,000,000.00 203,000,000.00
Employees wage payable 1,420,363.53 1,420,363.53
Tax payable -9,484,406.23 -9,484,406.23
Interest payable 614,166.00 614,166.00
Other payable 43,188,276.05 43,188,276.05
Net assets 368,531,558.69 335,471,340.76
Acquire net assets 368,531,558.69 335,471,340.76
(4) The profit or loss from equity held by the date before acquisition in accordance with the fair value measured again
Whether there is a transaction that through multiple transaction step by step to realize enterprises merger and gaining the
controlduring the reporting period
126
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
□ Yes √ No
2 .The disposal of subsidiary
Whether there is a single disposal of the investment to subsidiary and lost control
□ Yes √ No
Whether there are multiple transactions step by step dispose the investment to subsidiary and lost control in reporting period
□ Yes √ No
3. Other reasons for the changes in combination scope
The current increase in new subsidiary,The 32nd meeting of the seventh board of directors considered and adopted the proposal of "
Beijing Institute of Technology joint venture with a subsidiary", agreed the company and the Beijing Institute of Technology set up j
oint investment holding subsidiary Beijing Xutan New Material Technology Co., Ltd.
Notes to reasons for the changes in combination scope (Newly established subsidiary and subsidiary of liquidation) and relevant
information:
IX. Equity in other entities
1. Equity in subsidiary
(1) The structure of the enterprise group
Name of Main Places of Registration Nature of Shareholding Ratio (%) Obtaining
Subsidiary Operation Place Business direct indirect Method
9 Huanghe Road,
Shijiazhuang
Hebei Xubao
High-tech
Construction
Industrial Construction
Installation Shijiazhuang 100.00% Establish
Development Installation
Engineering Co.,
Area,
Ltd.
Shijiazhuang,
Hebei Province
9 Huanghe Road,
Shijiazhuang
High-tech
Shijiazhuang
Industrial
Colour Bulb Co., Shijiazhuang Manufacturing 81.26% Establish
Development
Ltd.
Area,
Shijiazhuang,
Hebei Province
Wuhu Dongxu Wuhu Room 302, A floo Manufacturing 95.00% Establish
127
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Optoelectronic r,Management Co
Equipment mmittee of Jiangb
Technology Co., ei Industry Zone,
Ltd. Anhui Prov
No.36, Daowei 2
Road, Wanchun
Wuhu Dongxu
Street , Wuhu
Optoelectronic
Wuhu Economy Manufacturing 100.00% Establish
Technology Co.,
Technology
Ltd.
Development
Zone
1/F, No.2
Business tower,
Huazhong
Wuhan Dongxu
Shuguang
Optoelectronic
Wuhan Software park, Manufacturing 62.50% Establish
Technology Co.,
No.1Guanshan
Ltd.
Road,Donghu
Development
Zone, Wuhan
Building 15, No.
Sichuan Ruiyi 21, Ring Road 18
Construction 1 West Third Sect
Sichuan Manufacturing 100.00% Purchase
Engineering Co., ion,Jinniu District
Ltd. , Chengdu
Room C17,
Building 1,
Beijing Xufeng No.10, Xinghuo
Real estate
Real Estate Co., Beijing Road, 100.00% Establish
Development
Ltd. Technology City,
Fengtai District,
Beijing
Room 1517,
Building 1
Dongxu (International
（Kunshan） Building), No.
Kunshan Manufacturing 80.00% Establish
Display Material 167, Qianjin
Co., Ltd. Middle Road,
Suzhou City,
Jiangsu Province
Beijing Xutan Beijing N0.1198, 689 Technology 70.00% Establish
128
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
New Material Builing, No.5, Service
Technology Co., Zhongguan
Ltd. Village South
Street, Haiding
District, Beijing
New Material
Jiangsu Jixing
Industry Zone,
New Material Jiangsu Manufacturing 50.50% Purchase
Youfang Town,
Co., Ltd.
Yangzhong City
(2) Significant not wholly owned subsidiary
In RMB
Profit or Loss Owned by Dividends Distributed to
Shareholding Ratio of Equity Balance of the
the Minority the Minority
Name of Subsidiary Minority Shareholders Minority Shareholders in
Shareholders in the Shareholders in the
(%) the End of the Period
Current Period Current Period
Wuhu Dongxu
Optoelectronic
5.00% 26,103,264.82 70,520,546.62
Equipment Technology
Co., Ltd.
(3) The main financial information of significant not wholly owned subsidiary
In RMB
Year-end balance Year-beginning balance
Non Current Non Non Current Non
Name Current Total Total Current Total Total
current Liabilitie current current Liabilitie current
assets assets liabilities assets assets liabilities
assets s liabilities assets s liabilities
Wuhu
Dongxu
Optoelec
tronic
3,813,27 183,397, 3,996,66 2,228,21 500,000, 2,728,21 4,493,09 181,030, 4,674,12 3,392,40 500,000, 3,892,40
Equipme
2,600.00 100.00 9,700.00 9,700.00 000.00 9,700.00 4,500.00 600.00 5,100.00 4,800.00 000.00 4,800.00
nt
Technolo
gy Co.,
Ltd.
In RMB
Name Amount of current period Amount of previous period
129
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Cash flows Cash flows
Total Total
Business from Business from
Net profit Comprehensi Net profit Comprehensi
income operating income operating
ve income ve income
activities activities
Wuhu
Dongxu
Optoelectroni 1,139,786,20 486,729,800. 486,729,800. -281,784,096. 1,256,193,20 634,420,600. 634,420,600. -983,617,200.
c Equipment 0.00 00 00 04 0.00 00 00 00
Technology
Co., Ltd.
2. Equity in joint venture arrangement or associated enterprise
（1）Summary financial information of insignificant joint venture or associated enterprise
In RMB
Amount of current period/2015 Amount of previous period/2014
Joint venture: -- --
Total investment book value 71,971,922.26
The total of following items according tothe
-- --
shareholding proportions
--Net profit -28,077.74
--Total Comprehensive income -28,077.74
Associated enterprise： -- --
The total of following items according to
-- --
theshareholding proportions
X. Related party and related party transactions
1. Parent company information of the enterprise
The parent company The parent company
Name Registered address Natrue Regisrated capital of the Company's of the Companys
shareholding ratio vote ratio
No.369, Zhujiang
Dongxu Group Road, High-tech Production 9 billion 14.65% 14.65%
zone, Shijiazhuang
Notes
During the reporting period, the following changes in the real-up capital of the parent company:
130
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Items Beginning of term Increase Decrease End of term
Paid in capital 4,150,000,000.00 2,935,000,000.00 7,085,000,000.00
The finial control of the company was Li Zhaoting.
2. Subsidiaries of the Company
See details to Notes .
Situation of the enterprise subsidiaries refer to the Notes.
3. Other Related parties information of the enterprise
Other Related parties name Relation of other Related parties with the company
Shijiazhuang Baoshi Electronic vacuum Glass Co., Ltd. Controlled by the same actual controller
Shijiazhuang Baoshi Large-diameter plastic tube Co., ltd. Controlled by the same actual controller
Shijiazhuang Baoshi Zhonghe Steel Plastic Shape Co., Ltd. Controlled by the same actual controller
Shijiazhuang Baoshi Xuming Tube Co., Ltd. Controlled by the same actual controller
Shijiazhuang Baodong Electronic Co.,Ltd. Controlled by the same actual controller
Hebei Baoshi Lighting Co., Ltd. Controlled by the same actual controller
Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. Controlled by the same actual controller
Zhengzhou Xufei Optoelectronic Technology Co., Ltd. Controlled by the same actual controller
Dongxu（Yingkou）Optoelectronic Display Co., Ltd. Controlled by the same actual controller
Jinhou Xulong Solar energy Technology Co., Ltd. Controlled by the same actual controller
Sichuan Xuhong Optoelectrnic Technology Co., Ltd Controlled by the same actual controller
Shijiazhuang Bofa Machine Equipment Co., Ltd. Controlled by the same actual controller
Chengdu Zhong Optoelectronic Technology Co., Ltd. General Manager: Li Zhaoting
Chengdu Dongxu Energy saving Technology Co., Ltd. Controlled by the same actual controller
Shijiazhuang Xuling Electronic Technology Co., Ltd. Controlled by the same actual controller
Shijiazhuang Baoshi Electronic Group Co., Ltd. Controlled by the same actual controller
Chengdu Taiyisi Technology Co., Ltd. Controlled by the same actual controller
Li Qing The spouse of the actual controller
4. Related transactions.
（1）Related transactions on purchasing goods and receiving services
Acquisition of goods and reception of labor service
131
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
In RMB
Content of related Amount of current Amount of previous Over the trading limit
Related parties Amount of last period
transaction or not?
period period
Shijiazhuang
Baoshi Electronics Energy 471,876.50 1,937,148.94
Group Co., Ltd.
Zhengzhou Xufei
Optoelectronic
LCG 7,264,957.28
Technology Co.,
Ltd.
Chengdu Dongxu
Energy Saving
ESL 15,384.62 819,393.15
Technology Co.,
Ltd.
Shijiazhuang Bofa
Mechanical Machining parts 834,427.33
Equipment Co., Ltd.
Shijiazhuang
Xuling Electrinic
Monitoring system 820,512.82
Technology Co.,
Ltd.
Dongxu Group Co.,
Processing charges
Ltd.
Total 1,321,688.45 10,842,012.19
Related transactions on sale goods and receiving services
In RMB
Related parties Content of related transaction
Amount of current period Amount of previous period
Dongxu （Yingkou）
High-Display production line
Optoelectronic Display Co., 5,560,752.23
Equipment Construction
Ltd.
Zhengzhou Xufei
High-Display production line
Optoelectronic Technology Co., 28,535,377.37 20,167,514.53
Equipment Construction
Ltd
Shijiazhuang Xuxin
High-Display production line
Optoelectronic Technology Co., 68,200,837.60 714,577,914.53
Equipment Construction
Ltd.
132
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Zhengzhou Xufei
Optoelectronic Technology Co., Material 58,974.36 548,632.48
Ltd
Zhengzhou Xufei
Optoelectronic Technology Co., A-frame 992,307.69
Ltd
Baoshi Group Lead tube 3,010,770.00
Shijiazhuang Bofa Mechanical
A-frame 1,378,205.13 3,826,923.07
Equipment Co., Ltd.
Shijiazhuang Bofa Mechanical Glass substrate defect
36,412,136.76
Equipment Co., Ltd. detection eqiupment
Sichuan Xuhong
Line technological
Optoelectronic Technology 142,948,113.21
transformation
Co., Ltd.
Shijiazhuang Xuxin
Material 86,923.08
Optoelectronic
National Engineering
Dongxu Group 82,115,384.62
laboratory test equipment
Jinzhou Xulong Solar energy Tester 223,076.93
Total 360,951,336.75 747,692,506.84
Notes 1：R & D Costs+Production line material cost+Production line integration cost+Management Cost and sales
costs+commissioning of production line+after sale service cost+ Reasonable profit
（2）Related trusteeship or contracting
Related trusteeship or contracting in which the Company is the undertake
In RMB
Gains from the
Name of the Name of the Asset situation of
Start date Terminating date Pricing basis deal in report
employer undertaker the undertaker
period
Dongxu Group
Co.,Yingko
The right to
Yanhai
Dongxu operate of
Development
Optoelectronic Dongxu
Construction Co., January 1, 2012 750,000.00
Technology Co., (Yingkou)
Ltd., Minerals
Ltd. Optoelectronic
(Yingko) Industry
Display Co., Ltd.
Park
Development
133
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Co., Ltd.
Dongxu
Optoelectrnic
Investment Co.,
The right to
Ltd.,Henan
Dongxu operate of
State-owned
Optoelectronic Zhenghou Xufei
Assets March 1, 2012 750,000.00
Technology Co., Optoelectronic
Management Co.,
Ltd. Technology Co.,
Ltd.,Zhengzhou
Ltd.
Investment
Holdings Co.,
Ltd.
Dongxu Group
Co., Mianyang
Investment City The right to
Development Dongxu operate of
Investment Optoelectronic Sichuan
March 1, 2012 750,000.00
(Group) Co., Ltd., Technology Co., Optoelectronic
Sichuan Ltd. Technology Co.,
Changhong Ltd.
Electrical Co.,
Ltd.
Shijiazhuang
Baoshi Electronic
Group Co., The right to
Ltd.,Shijiazhuang operate of
Dongxu
High Lanhu Shijiazhuang
Optoelectronic
Investment Co., Xuxin March 1, 2012 750,000.00
Technology Co.,
Ltd., Optoelectronic
Ltd.
Shijiazhuang Technology Co.,
State Holding Ltd.
Investment Co.,
Ltd.
The right to
Dongxu
operate of
Optoelectronic December 1,
Dongxu Group Chengdu Taiyisi 500,000.00
Technology Co., 2014
Technology Co.,
Ltd.
Ltd.
3,500,000.00
Notes
Notes 1：Trusteeship costs include basic management fees and incentive management fees(0.5 million/years), including basic
134
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
management fee of 1 million per year, incentive management fees per year managed company with net operating profit after tax of
5% calculation（Base incentive management fees deduct prior years' losses）
Notes 2: Trusteeship costs include basic management fees and incentive management fees(0.5 million/years), including basic
management fee of 1 million per year, incentive management fees per year managed company with net operating profit after tax of
5% calculation.
Notes 3：Trusteeship costs include basic management fees and incentive management fees(0.5 million/years), including basic
management fee of 1 million per year, incentive management fees per year managed company with net operating profit after tax of
5% calculation.
（3）Related guarantee condition
The Company as a guarantor
Execution accomplished
Secured party Guarantee amount Start date End date
or not
The Company was secured party
In RMB
Guarantor Guarantee Amount Starting date Stop date If completed or not
The pledge of accounts
receivable of Dongxu
20,000,000.00 September 18, 2014 August 22, 2015 No
Group and Zhengzhou
Xufei
The pledge of accounts
receivable of Dongxu
20,000,000.00 August 27, 2014 August 22, 2015 No
Group and Zhengzhou
Xufei
Dongxu Group, Li
20,000,000.00 May 12, 2015 May 12, 2017 No
Zhaoting, Li Qing
Dongxu Group, Li
30,000,000.00 April 23, 2015 April 22, 2017 No
Zhaoting, Li Qing
Li Zhaoting 50,000,000.00 December 30,2014 September 30,2015 No
Dongxu Group, Li
50,000,000.00 May 4, 2015 May 4, 2017 No
Zhaoting, Li Qing
The pledge of accounts
receivable of Dongxu
60,000,000.00 September 24, 2014 August 22, 2015 No
Group and Zhengzhou
Xufei
Dongxu Group, Li
60,000,000.00 June 24, 2015 June 24, 2017 Yes
Zhaoting, Li Qing
135
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Dongxu Group, Li
80,000,000.00 March 25, 2015 March 24, 2014 No
Zhaoting, Li Qing
Dongxu Group 80,000,000.00 January 23, 2015 January 23, 2016 No
Dongxu Group 100,000,000.00 May 27, 2014 May 26, 2015 Yes
The pledge of accounts
receivable of Dongxu
100,000,000.00 August 22, 2014 August 22, 2015 No
Group and Zhengzhou
Xufei
Dongxu Group 100,000,000.00 January 22, 2015 November 21, 2015 No
Dongxu Group 100,000,000.00 April 23, 2015 March 22, 2016 No
Dongxu Group, Li
Zhaoting, Li Qing, 200,000,000.00 January 4, 2015 January 4, 2016 No
Baoshi Group
Dongxu Group, Li
200,000,000.00 January 4, 2015 January 4, 2016 No
Zhaoting, Li Qing
Dongxu Group 200,000,000.00 August 21, 2014 August 19, 2015 No
Li Zhaoting 250,000,000.00 December 2, 2014 October 2, 2015 No
Li Zhaoting 300,000,000.00 February 13, 2015 February 13, 2016 No
Dongxu Group, Li
400,000,000.00 December 22, 2014 December 22, 2016 No
Zhaoting, Li Qing
Notes
(4) Rewards for the key management personnel
In RMB
Items
Amount of current period Amount of previous period
Rewards for the key management
2,038,300.00 1,958,400.00
personnel
5.Payables and receivables of the related party
（1）Receivable
In RMB
Amount at year end Amount at year beginning
Name Related party
Balance of Book Bad debt Provision Balance of Book Bad debt Provision
Account receivable Dongxu （Yingkou） 500,000.00 24,136,000.00
136
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Optoelectronic
Display Co., Ltd.
Zhengzhou Xufei
Account receivable Optoelectronic 24,693,927.57 94,885,328.82
Technology Co., Ltd
Sichuan Xuhong
Account receivable Optoelectronic 25,339,000.00 914,000.00
Technology Co., Ltd.
Account receivable Dongxu Group 81,501,342.48 1,434,491.24
Shijiazhuang Xuxin
Account receivable Optoelectronic 250,000.00
Technology Co., Ltd.
Hebei Baoshi
Energy saving
Account receivable 10,000.00 10,000.00
lighting technology
Co., Ltd.
Shijiazhuang Bofa
Account receivable Mechanical 1,700,500.00 88,000.00
Equipment Co., Ltd.
Chengdu Zhong
Account receivable Optoelectronic 1,184,777.00
Technology Co., Ltd
Chengdu Taiyisi
Account receivable 583,333.33 83,333.33
Technology Co., Ltd.
Hejing Xushuang
Account receivable Solar energy 4,711,241.21
Technology Co., Ltd.
Dongxu （Yingkou）
Bills receivable Optoelectronic 24,136,000.00 80,000,000.00
Display Co., Ltd.
Zhengzhou Xufei
Bills receivable Optoelectronic 200,000,000.00
Technology Co., Ltd
Shijiazhuang
Other Account
Baodong Electrinic 299,905.00 299,905.00
receivable
Co., Ltd.
Chengdu Xushuang
Other Account
Solar energy 6,466.04
receivable
Technology Co., Ltd.
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（2）Payables
In RMB
Name Related party Book balance at year end Book balanc at year beginning
Shijiazhuang Baoshi Electronic
Account payable 5,683,563.95 5,533,363.79
vacuum Glass Co., Ltd.
Shijiazhuang Baoshi
Account payable Large-diameter plastic tube Co., 533,942.80 533,942.80
ltd
Chengdu Dongxu Energy
Account payable 448,905.69 649,745.00
Technology Co., Ltd.
Shijiazhuang XumingTube Co.,
Account payable 14,948.00 14,948.00
Ltd.
Account payable Dongxu Group 5,000,394.12 5,000,394.12
Shijiazhuang Xuling Electronic
Account payable 814,207.78 1,008,852.78
Technology Co., Ltd.
Shijiazhuang Baoshi
Account payable Zhonghe Steel Plastic Shape 122,682.00 122,682.00
Co., Ltd.
Shijiazhuang Bofa Mechanical
Account payable 1,702,456.65 827,210.50
Equipment Co., Ltd.
Advance revenue Dongxu Group 53,029,716.06 3,449,716.06
Chengdu Zhong Optoelectronic
Advance revenue 88,192.80 38,692.80
Technology Co., Ltd.
Other payable Baoshi Group 4,984,410.05 5,892,565.56
Jinzhou Xulong Solar energy
Other payable 1,500,000.00 1,500,000.00
Technology Co., Ltd.
Other payable Dongxu Group 11,462,847.38 11,451,798.44
Shijiazhuang XumingTube Co.,
Other payable 97,031.00 97,031.00
Ltd.
Chengdu Dongxu Energy
Other payable 50,000.00
Technology Co., Ltd.
Shijiazhuang Xuxin
Other payable Optoelectronic Technology Co., 443,907.55 231,186.44
Ltd.
Zhengzhou Xufei
Other payable 798,610.35
Optoelectronic Technology Co.,
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Ltd
Sichuan Xuhong Optoelectronic
Other payable 100,000.00
Technology Co., Ltd.
Shijiazhuang Baoshi Electronic
Other payable 264,000.00
vacuum Glass Co., Ltd.
XI. Stock payment
1. The Stock payment overall situation
□ Applicable √ Not applicable
2. The Stock payment settled by equity
√ Applicable □Not applicable
In RMB
Method for determining the granted fair value of the equity Stock incentive plan announcement before the company stock
instruments price the 20 trading days to 50%
The current period with the previous estimate of reasons to differ m
N/A
aterially from estimated
The cumulative amount of equity-settled share-based payment
4,248,900.00
recognized in the capital reserve
The total cost of the current period equity-settled share-based paym
3,186,600.00
ent confirmation
3. The Stock payment settled by cash
□ Applicable √ Not applicable
XII. Commitments
1. Significant commitments
Significant commitments at balance sheet date
As of 30 Jun. 2015, there was no significant commitment or contingency in the Group.
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XIII.. Notes s of main items in financial reports of parent company
1.Account receivable
(1).Classification accojunt receivables.
In RMB
Amount in year-end Amount in year-beginning
Book Balance Bad debt provision Book Balance Bad debt provision
Classification Book Book
Amount Proportio Amount Proportio Amount Proportio Amount Proportion(
balance balance
n(%) n(%) n(%) %)
Receivables with
major individual
amount and bad debt
provision provided
individually 6,661,7 6,661,700
30.20% 100.00%
receivables with 00.00 .00
major individual
amount and bad debt
provision provided
individually
Account receivable
with minor individual 19,436,2 2,931,41 16,504,86 15,395, 2,899,932 12,495,493.
100.00% 15.08% 69.80% 18.83%
amount but bad debt 84.22 5.60 8.62 425.47 .18 29
provision is provided
19,436,2 2,931,41 16,504,86 22,057, 9,561,632 12,495,493.
Total 15.08% 43.34%
84.22 5.60 8.62 125.47 .18 29
Accounts receivable of individual significance and subject to individual impairment assessment.
□ Applicable√ Not applicable
Account reveivable on which bad debt proisions are provided on age basis in the group
√ Applicable □ Not applicable
In RMB
Year-end balance
Aging
Account receivable Bad debt provision Proportion
Withitem 1 year
1-2 years 1,009,668.39 100,966.84 10.00%
Over 5 years 2,830,448.76 2,830,448.76 100.00%
Total 3,840,117.15 2,931,415.60 76.33%
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Notes ：
Receivable account in Group on which bad debt provisions were provided on percentage basis：
□Applicable√Not applicable
name 2015.6.30 Bad debt provision
Other group 15,596,167.07
(2) Bad debt provision withdrawal, reversed or recovered in the report period
The current amount of provision for bad debts is RMB31,483.42; recovery or payback for bad debts Amount is RMB6,661,700.00.
Significant amount of reversed or recovered bad debt profision：
In RMB
Name Amount Method
Baoshi TV Plant 6,661,700.00 Received
Total 6,661,700.00 --
(3) Top five of account receivable of closing balance collected by arrears party
The total receivable amount of top five closing balances collected by the debtors in the current reporting period is RMB
12,331,449.62, which accounts for 63.45% of the total other receivables. The total amount of balances in the end of the period for
corresponding accrued bad-debt provision is RMB 2,565,854.05.
2.Other receivable
(1)Category of Other receivable
In RMB
Amount in year-end Amount in year-beginng
Book Balance Bad debt provision Book Balance Bad debt provision
Classification Book
Amount Proportio Amount Proportio Amount Proportio Amount Proportion( Book value
value
n(%) n(%) n(%) %)
Account receivable
with minor individual 1,088,65 2,902,08 1,085,755 319,713 2,845,794 316,867,75
100.00% 0.27% 100.00% 0.89%
amount but bad debt 8,065.48 9.73 ,975.75 ,549.26 .38 4.88
provision is provided
1,088,65 2,902,08 1,085,755 319,713 2,845,794 316,867,75
Total 100.00% 0.27% 100.00% 0.89%
8,065.48 9.73 ,975.75 ,549.26 .38 4.88
Other Receivable accounts on which bad debt provisions are provided by other ways in the portfolio：
□Applicable √Not applicable
Other receivable accounts in Group on which bad debt provisions were provided on age analyze basis：
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√ Applicable □Not applicable
In RMB
Amount in year-end
Aging
Other receivable Bad debt provision Withdrawal proportion
Subitem within 1 year
Subtotal within 1 year 485,541.91 24,277.10 5.00%
1-2 years 718,105.55 71,810.55 10.00%
Over 5 years 2,806,002.08 2,806,002.08 100.00%
Total 4,009,649.54 2,902,089.73 72.37%
Notes:
Other receivable account in Group on which bad debt provisions were provided on percentage basis：
□Applicable √Not applicable
Other Receivable accounts on which bad debt provisions are provided by other ways in the portfolio：
√Applicable □Not applicable
Name Book balance Bad debt provision
Other Group 1,084,648,415.94
（2）Bad debt provision withdrawal, reversed or recovered in the report period.
The amount of bad debt provision was RMB61,795.35, The amount of reversed or recovered bad debt provision in the report period
RMB5,500.00.
Significant amount of reversed or recovered bad debt provision：
In RMB
Name Amount Method
（3）Other account receivable classified by account nature
In RMB
Nature Closing book value Opening book value
Deposit 10,000,000.00
Pretty cash 1,740,056.17 1,910,852.12
Transfers 1,086,641,226.53 305,301,689.86
To pay 130,129.79
Export rebate 146,652.99 43,522.96
Personal insurance and provident fund 1,104,926.88
Other 1,352,557.44
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Total 1,088,658,065.48 319,713,549.26
(4) The top five other account receivable classified by debtor at period end
In RMB
Closing balance of
Name Nature Closing balance Aging Proportion %
bad debt prof=vision
Beijing Xufeng
Related party 854,178,400.00 Credit period 78.46%
Property Co., Ltd.
Wuhu Dongxu
Optoelectronic
Related party 162,880,000.00 Credit period 14.96%
Technology Co., Ltd.
Sichuan Ruiyi
Construction Related party 30,890,674.27 Credit period 2.84%
Engineering Co., Ltd.
Shijiazhuang Dongxu
Optoelectronic
Related party 29,630,448.10 Credit period 2.72%
Equipment
Technology Co., Ltd.
Changan International
Non-related party 5,000,000.00 Credit period 0.46%
Trust Co., Ltd.
Total -- 1,082,579,522.37 -- 99.44%
3.Long-term equity investment
In RMB
Year-end balance Year-beginning balance
Items Bad debt Bad debt
Book balance Book value Book balance Book value
provision provision
Investment to the
5,722,929,985.33 378,172,649.84 5,344,757,335.49 5,475,084,685.33 378,172,649.84 5,096,912,035.49
subsidiary
Investment to
joint ventures and
71,971,922.26 71,971,922.26
associated
enterprises
Total 5,794,901,907.59 378,172,649.84 5,416,729,257.75 5,475,084,685.33 378,172,649.84 5,096,912,035.49
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（1）Investment to the subsidiary
In RMB
Withdrawn
Closing balance
impairment
Name Opening balance Increase Decrease Closing balance of impairment
provision in the
provision
reporting period
Shijiazhuang
Baoshi Color Bulb 439,341,956.80 439,341,956.80 378,172,649.84
Co., Ltd.
Hebei Xubao
Construction
Engineering 100,000,000.00 100,000,000.00
Installation Co.,
Ltd.
Wuhu Dongxu
Optoelectronic
Equipment 93,100,000.00 93,100,000.00
Technology Co.,
Ltd.
Wuhu Dongxu
Optoelectronic
4,711,064,000.00 4,711,064,000.00
Technology Co.,
Ltd.
Sichuan Ruiyi
Construction
100,453,728.53 100,453,728.53
Engineering Co.,
Ltd.
Wuhan Dongxu
Optoelectronic
3,125,000.00 3,125,000.00
Technology Co.,
Ltd.
Beijing Xufeng
Real Estate Co., 20,000,000.00 20,000,000.00
Ltd.
Dongxu
（Kunshan）
8,000,000.00 70,000,000.00 78,000,000.00
Display Material
Co., Ltd.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Jiangsu Jixing
New Material Co., 167,345,300.00 167,345,300.00
Ltd.
Beijing Xutan
New Material
10,500,000.00 10,500,000.00
Technology Co.,
Ltd.
Less：
Long-terminvest
ment depreciation
reserves
Total 5,475,084,685.33 247,845,300.00 5,722,929,985.33 378,172,649.84
（2）Investment to joint ventures and associated enterprises
In RMB
Increase /decrease in reporting period
Closing
Adjustme
Withdraw balance
Decrease Gain/loss nt of Declarati
Opening Add Other n Closing of
Name d of other on of cash
balance investmen equity impairme Other balance impairme
investmen Investme comprehe dividends
t changes nt nt
t nt nsive or profit
provision provision
income
I. Joint ventures
II. Associated enterprises
Zhongda
Chengx
in
Internat
ional 72,000,00 -28,077.7 71,971,92
Comm 0.00 4 2.26
ercial
Factori
ng Co.,
Ltd.
72,000,00 71,971,92
Subtotal 28,077.74
0.00 2.26
72,000,00 71,971,92
Total 28,077.74
0.00 2.26
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4.Business income and Business cost
In RMB
Items Amount of current period Amount of previous period
Income Cost Income Cost
Main business 2,792,700.86 3,321,758.79 21,248,661.04 16,536,799.08
Other business 4,502,136.76 146,629.82 55,897.44 1,886,276.86
Total 7,294,837.62 3,468,388.61 21,304,558.48 18,423,075.94
Other Notes：
5. Investment income
In RMB
Items Amount of current period Amount of previous period
Income from long-term equity investment
-28,077.74
measured by adopting the Equity method
Total -28,077.74
XIIII. Supplementary Information
1.Current non-recurring gains/losses
√ Applicable □Not applicable
In RMB
Items Amount Notes
Gains/Losses on the disposal of non-current
-35,050.57
assets
Government grants recognized in the current
period, except forthose acquired in the
ordinary course of business or granted at 186,458,166.64
certain quotas or amounts according to the
countrys unified standards
Gains due to that the investment costs for the
Company to obtain subsidiaries, associates
and joint ventures are lower than the
18,763,137.14
enjoyable fair value of the identifiable net
assets of the investees when making the
investments
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Gain/loss on loans obtained by entrusting
3,500,000.00
others
Other non-operating income and expenditure
2,621,178.79
beside for the above items
Less: Influenced amount of income tax 28,493,864.18
Amount of influence of minority interests 5,319,509.99
Total 177,494,057.83 --
For the Companys 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
2 Return on net assets and earnings per share
Earnings per share
Profit of the report period Return on net assets . Weighted（%）
Basic earnings per share Diluted gains per share
Net profit attributable to the
Common stock shareholders of 6.64% 0.160 0.160
Company.
Net profit attributable to the
Common stock shareholders of
3.92% 0.10 0.10
Company after deducting of
non-recurring gain/loss.
3. Differences between accounting data under domestic and overseas accounting standards
(1) Differences of net profit and net assets disclosed in financial reports prepared under international and
Chinese accounting standards
□ Applicable √ Not applicable
(2) Differences of net profit and net assets disclosed in financial reports prepared under overseas and
Chinese accounting standards
□ Applicable √ Not applicable
(3) Explain reasons for the differences between accounting data under domestic and overseas accounting
standards, for audit data adjusting differences had been foreign audited, should indicate the name of the
foreign institutions
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
Ⅹ. Documents available for inspection
1.The original annual report bearing the signature of the Chairman of the Board of Directors of the Company;
2.The text of the financial report bearing the seal and signature of the person in charge of the Company, financial
controller and the person in charge of accounting organ
3. Originals of all documents and manuscripts of public Notices of the Company Disclosed in public in the
newspapers as designated by China Securities Regulatory Commission.
【Notes】This Report has been prepared in both Chinese and English. In case of any discrepancy, the Chinese
version shall prevail.
Dongxu Optoelectronic Technology Co., Ltd.
Chairman: Li Zhaoting
Issue day approved by the Board of Directors：August 28,2015
148
