Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Tunghsu Optoelectronic Technology Co., Ltd.
The First Quarterly Report 2019
April 2019
1
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
I. Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr.Wang Lipeng, The Company leader, Ms.Feng Qiuju Chief financial officer and the Mr.Wang Cang, the person
in charge of the accounting department (the person in charge of the accounting )declare: the financial report
carried in this report is authentic and completed
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
II. Basic information about the company
I.Main financial data and financial index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
√Yes □No
Reasons for retrospective restatements:
Business merger under the same control.
Changes of this
period over
Same period of last year
This period same period of
last year（％）
Before adjustment After adjustment After adjustment
Operating income（RMB） 3,816,412,812.51 4,665,751,599.66 4,665,570,392.15 -18.20%
Net profit attributable to the shareholders
431,060,886.41 424,438,428.17 425,984,601.17 1.19%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 396,063,134.95 391,162,587.16 395,736,897.36 0.08%
listed company（RMB）
Cash flow generated by business operation,
638,683,628.95 -1,127,140,487.84 -1,057,540,776.02 160.39%
net（RMB）
Basic earning per share(RMB/Share) 0.08 0.07 0.07 14.29%
Diluted gains per share(RMB/Share) 0.08 0.07 0.07 14.29%
Weighted average return on equity（%） 1.32% 1.36% 1.37% -0.05%
Changes of this
period-end over
End of last period
End of this period same period-end
of last year(%)
Before adjustment After adjustment After adjustment
Gross assets（RMB） 72,232,411,541.83 72,576,122,859.60 72,576,122,859.60 -0.47%
Net assets attributable to the shareholders
32,952,747,344.61 32,521,130,925.14 32,521,130,925.14 1.33%
of the listed company（RMB）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to
Items Notes
the end of the report period.)
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Non-current asset disposal gain/loss(including the write-off part
11,045,143.65
for which assets impairment provision is made)
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business 25,906,295.87
and granted under the state’s policies)
Gain/loss on loans obtained by entrusting others 246,200.42
Other non-operating income and expenditure beside for the above
2,740,855.07
items
Less: Influenced amount of income tax 3,018,604.72
Amount of influence of minority interests（After tax） 1,922,138.83
Total 34,997,751.46 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
In shares
Total number of common 357,654(includ Total preference shareholders with 0
shareholders at the period-end ing 340,582 the voting power recovered at the
shareholders end of the reporting period(if any)
holding A shares
and 17,072
shareholders
holding B shares)
Shares held by the top 10 shareholders
Pledging or freezing
Amount of tradable
Shareholder Properties of Share Status of
Quantity shares with
name shareholder proportion % the Quantity
Conditional held
shares
Domestic Non 15.97% 915,064,091 352,006,791 Pledge 799,643,042
Tunghsu Group
-State-owned
Co., Ltd.
legal person
Shijiazhuang 5.80% 332,382,171 Pledge 153,520,000
Domestic Non
Baoshi
-State-owned
Electronic
legal person
Group Co., Ltd.
Shanghai 4.58% 262,626,262 262,626,262 Pledge 80,240,722
Huimao Domestic Non
Enterprise -State-owned
Management legal person
Co., Ltd.
Minsheng 1.63% 93,363,625
Royal Fund
Management
Co., Ltd－-Ping
Other
An Bank-Daye
TrustZengli 2
single Fund
Trust
Tunghsu 1.27% 72,639,296
Optoelectronic
Technology Other
Co., Ltd.－The
first ESOP
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Beixin Ruifeng 1.08% 62,095,032
Fund－China
Merchants Bank
－Daye Trust－
Other
Daye
TrustProfit
increase 3
single fund plan
Shenzhen Domestic Non 1.07% 61,165,682 Pledge 55,265,682
Taianer -State-owned
Information legal person
Technology
Co., Ltd.
Zhonghai Trust 0.92% 52,555,280
Co., Ltd. －
Zhonghai Trust
－ Tunghsu Other
Optoelectronic
ESOP pooled
Fund trust
Kunshan State-owned legal 0.77% 43,988,269
Development person
Zone
State-Owned
Investment
Holding Co.,
Ltd.
Yang Haihui Domestic Natural 0.55% 31,767,200
person
Shares held by the Top 10 Shareholders of Non-restricted shares
Number of the non-restricted Share type
Shareholders’ Names
shares held Share type Quantity
563,057,300 RMB Common 563,057,300
Tunghsu Group Co., Ltd.
shares
Shijiazhuang Baoshi Electronic 332,382,171 RMB Common 332,382,171
Group Co., Ltd. shares
Minsheng Royal Fund Management 93,363,625 93,363,625
RMB Common
Co., Ltd－-Ping An Bank-Daye
shares
TrustZengli 2 single Fund Trust
Tunghsu Optoelectronic Technology 72,639,296 RMB Common 72,639,296
Co., Ltd.－The first ESOP shares
Beixin Ruifeng Fund－China 62,095,032 62,095,032
RMB Common
Merchants Bank－Daye Trust－Daye
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
TrustProfit increase 3 single fund shares
plan
Shenzhen Taianer Information 61,165,682 RMB Common 61,165,682
Technology Co., Ltd. shares
Zhonghai Trust Co., Ltd. － 52,555,280 52,555,280
Zhonghai Trust － Tunghsu RMB Common
Optoelectronic ESOP pooled Fund shares
trust
Kunshan Development Zone 43,988,269 43,988,269
RMB Common
State-Owned Investment Holding
shares
Co., Ltd.
Yang Haihui 31,767,200 RMB Common 31,767,200
shares
Hong Kong Securities Clearing 31,386,235 RMB Common 31,386,235
Co., Ltd. shares
Explanation on shareholders Among the top 10 unrestricted tradable shareholders, Shijiazhuang Baoshi Electronics
participating in the margin trading Group Co., Ltd. and Yang Haihui and Dongxu Group Co., Ltd. among the top 10 share
business holders constitute a concerted relationship.
Participation of top 10 unconditional Not applicable
common share shareholders in
securities margin trading (if any)
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.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period
□ Applicable √Not applicable
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
III Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as
well as reasons for the changes
√ Applicable □ Not applicable
This period Same period of last Increase/decreas
Financial index Main reason for change
（RMB） year（RMB） e（%）
Prepayments 3,931,402,375.92 5,215,414,219.51 -24.62% The decrease in the current period was mainly due to
the settlement of prepaid materials and construction
funds.
Inventories 4,504,747,450.05 3,510,786,666.85 28.31% The increase in inventory is the concentration of
suppliers in the current period, and the company has
increased inventory in the second quarter.
Other account 2,881,335,938.76 2,089,603,676.60 37.89% The increase in the current period was mainly due to
payable the increase in related party funds and interest
payable.
This period Same period of last Increase/decreas
Financial index Main reason for change
（RMB） year（RMB） e（%）
Administrative 141,671,065.56 108,880,249.34 30.12% Management salary increases, new intangible assets
expense lead to amortization increase in the current period.
Other gains 105,585,373.30 22,072,399.68 378.36% The substantial increase in this period was mainly due
to the receipt of tax returns from the company during
the period.
Net cash flow 638,683,628.95 -1,057,540,776.02 160.39% The increase in net traffic of operating activities was
arising from mainly due to the strengthening of management and
operating activities control of remittances in the current period
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
□ Applicable √Not applicable
Progress in the implementation of share repurchase
□ Applicable √ Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
□ Applicable √ Not applicable
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
□ Applicable √Not applicable
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
The company has no commitments completed in period and those without completed till lend of the period from
actual controller, shareholders, related parties, purchaser and companies.
IV．Prediction of Business performance for January- June 2019
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
□ Applicable √ Not applicable
V. Investment in securities
□ Applicable √ Not applicable
No securities investment in period.
VI. Investments in derivatives
□ Applicable √ Not applicable
There is no derivative investment during the report period.
VII. The registration form of acceptance of investigation, communication and interview in the report
period for future reference
□ Applicable √ Not applicable
The Period has no research, communication and written inquiry from the investors in the report period.
VIII. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by：Tunghsu Optoelectronic Technology Co., Ltd.
March 31,2019
In RMB
Items March 31,2019 December 31,2018
Current asset：
Cash and bank balances 21,868,775,404.92 19,807,094,397.16
Settlement provision
Outgoing call loan
Transactional financial assets
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Notes receivable & account receivable 12,875,768,132.42 14,852,563,398.56
Including： Notes receivable 133,966,295.17 499,781,503.17
Account receivable 11,759,507,555.40 14,352,781,895.39
Prepayments 3,931,402,375.92 5,215,414,219.51
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 1,365,242,855.34 1,125,991,020.55
Including：Interest receivable 69,727,317.64 56,811,961.67
Dividend receivable
Repurchasing of financial assets
Inventories 4,504,747,450.05 3,510,786,666.85
Contract assets
Assets held for sales 119,355,435.58 119,355,435.58
Non-current asset due within 1 year
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Other current asset 734,372,232.99 809,360,778.49
Total of current assets 45,399,663,887.22 45,440,565,916.70
Non-current assets：
Loans and payment on other’s behalf
0.00 0.00
disbursed
Debt investment
Available for sale of financial assets 243,158,605.30
Other investment on bonds
Expired investment in possess
Long-term receivable 332,695,486.12 344,430,815.68
Long term share equity investment 2,181,567,415.64 2,174,347,969.22
Other equity instruments investment 243,158,605.30
Other non-current financial assets
Property investment 679,225,968.15 686,993,881.02
Fixed assets 10,431,077,361.39 9,634,463,323.77
Construction in progress 4,300,612,597.38 5,013,941,980.61
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 1,127,906,489.92 1,146,949,745.14
Development expenses 44,059,846.91 37,122,235.94
Goodwill 2,835,672,586.90 2,835,672,586.90
Long-germ expenses to be amortized 23,820,063.21 21,884,204.82
Deferred income tax asset 525,019,873.64 533,094,627.68
Other non-current asset 4,107,931,360.05 4,463,496,966.82
Total of non-current assets 26,832,747,654.61 27,135,556,942.90
Total of assets 72,232,411,541.83 72,576,122,859.60
Current liabilities
Short-term loans 9,696,203,233.99 8,361,106,651.33
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Financial liabilities measured at fair value
with variations accounted into current
income account
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Derivative financial liabilities
Notes payable & account payable 8,250,370,349.89 10,276,094,132.88
Advance receipts 1,386,317,184.61 1,402,283,662.37
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 171,810,742.84 238,146,977.17
Tax payable 435,516,934.45 817,173,127.12
Other account payable 2,881,335,938.76 2,089,603,676.60
Including：Interest payable 193,564,089.90 117,554,951.58
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Contract Liabilities
Liabilities held for sales
Non-current liability due within 1 year 3,513,975,684.59 3,697,392,864.91
Other current liability 423,576,078.84 315,193,128.73
Total of current liability 26,759,106,147.97 27,196,994,221.11
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 2,646,367,000.00 2,741,589,600.00
Bond payable 5,633,222,143.65 5,630,818,825.32
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 2,438,463,569.95 2,644,309,592.95
Long-term remuneration payable to staff
Expected liabilities 99,517,466.33 99,765,750.04
Deferred income 652,279,998.28 676,146,399.31
Deferred income tax liability 52,628,771.09 55,192,983.97
Other non-current liabilities 108,000,000.00 108,000,000.00
Total non-current liabilities 11,630,478,949.30 11,955,823,151.59
Total of liability 38,389,585,097.27 39,152,817,372.70
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Owners’ equity
Share capital 5,730,250,118.00 5,730,250,118.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 21,786,851,245.71 21,786,233,393.78
Less：Shares in stock 4,422,320.00 4,422,320.00
Other comprehensive income -29,175.80 -29,175.80
Special reserve 12,552,012.48 12,614,331.35
Surplus reserves 245,507,019.95 245,507,019.95
Common risk provision
Retained profit 5,182,038,444.27 4,750,977,557.86
Total of owner’s equity belong to the
32,952,747,344.61 32,521,130,925.14
parent company
Minority shareholders’ equity 890,079,099.95 902,174,561.76
Total of owners’ equity 33,842,826,444.56 33,423,305,486.90
Total of liabilities and owners’ equity 72,232,411,541.83 72,576,122,859.60
Legal Representative: Wang Lipeng Person in charge of accounting：Feng Qiuju Accounting Dept Leader: Wang Cang
2.Parent Company Balance Sheet
In RMB
Items March 31, 2019 December 31, 2018
Current asset：
Cash and bank balances 10,173,820,834.85 9,732,302,654.23
Transactional financial assets
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Notes receivable & account receivable 92,092,626.78 176,613,926.23
Including：Notes receivable 50,000.00
Account receivable 92,092,626.78 176,563,926.23
Prepayments 2,008,459.20 2,008,364.11
Other account receivable 7,074,837,367.78 6,281,675,319.27
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Including：Interest receivable 20,906,186.10 7,521,489.86
Dividend receivable 500,000,000.00 500,000,000.00
Inventories 227,280,898.35 269,759,580.95
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 148,973.38 148,973.38
Total of current assets 17,570,189,160.34 16,462,508,818.17
Non-current assets：
Debt investment
Available for sale of financial assets 129,500,056.00
Other investment on bonds
Expired investment in possess
Long-term receivable
Long term share equity investment 26,737,254,647.31 26,504,735,200.89
Other equity instruments investment 129,500,056.00
Other non-current financial assets
Property investment
Fixed assets 156,864,236.65 160,867,244.63
Construction in progress
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 9,252,460.43 9,339,387.26
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 119,964,967.85 119,964,967.85
Other non-current asset
Total of non-current assets 27,152,836,368.24 26,924,406,856.63
Total of assets 44,723,025,528.58 43,386,915,674.80
Current liabilities
Short-term loans 5,208,000,000.00 4,278,000,000.00
Transactional financial liabilities
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Notes payable & account payable 7,630,771.12 11,500,796.58
Advance receipts 1,580,498.78 1,991,498.78
Contract Liabilities
Employees’ wage payable 4,482,571.86 4,484,401.86
Tax payable 16,187,914.80 17,959,833.09
Other account payable 4,239,098,935.56 3,656,725,253.66
Including：Interest payable 166,840,023.32 97,197,464.99
Dividend payable
Liabilities held for sales
Non-current liability due within 1 year 1,410,500,000.00 1,533,383,333.28
Other current liability
Total of current liability 10,887,480,692.12 9,504,045,117.25
Non-current liabilities：
Long-term loan
Bond payable 5,633,222,143.65 5,630,818,825.32
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to staff
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 5,633,222,143.65 5,630,818,825.32
Total of liability 16,520,702,835.77 15,134,863,942.57
Owners’ equity
Share capital 5,730,250,118.00 5,730,250,118.00
Other equity instruments
Including：preferred stock
Sustainable debt
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Capital reserves 21,832,453,907.50 21,832,453,907.50
Less：Shares in stock 4,422,320.00 4,422,320.00
Other comprehensive income
Special reserve
Surplus reserves 226,517,795.62 226,517,795.62
Retained profit 417,523,191.69 467,252,231.11
Total of owners’ equity 28,202,322,692.81 28,252,051,732.23
Total of liabilities and owners’ equity 44,723,025,528.58 43,386,915,674.80
3.Consolidated Income statement
In RMB
Items Report period Same period of the previous year
I. Income from the key business 3,816,412,812.51 4,665,570,392.15
Including：Business income 3,816,412,812.51 4,665,570,392.15
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 3,373,648,113.26 4,167,464,873.10
Including：Business cost 2,866,380,893.72 3,677,219,792.28
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net amount of withdrawal of insurance contract
reserve
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 15,926,112.39 20,764,364.68
Sales expense 61,858,043.90 54,605,649.37
Administrative expense 141,671,065.56 108,880,249.34
R & D costs 96,775,197.66 92,974,038.34
Financial expenses 195,587,354.83 192,105,024.78
Including：Interest expense 288,031,321.60 288,950,916.32
Interest income -95,626,567.30 -86,248,410.44
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Asset impairment loss -4,550,554.80 20,915,754.31
Credit impairment loss
Add：Other income 105,585,373.30 22,072,399.68
Investment gain（“-”for loss） 18,510,790.49 23,809,013.93
Including: investment gains from affiliates 7,222,622.82 9,885,561.86
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Income on disposal of assets
III. Operational profit（“-”for loss） 566,860,863.04 543,986,932.66
Add ：Non-operational income 8,308,090.03 3,878,016.34
Less: Non-operating expense 5,567,209.46 1,629,618.28
IV. Total profit(“-”for loss) 569,601,743.61 546,235,330.72
Less：Income tax expenses 118,907,014.42 114,231,867.77
V. Net profit 450,694,729.19 432,003,462.95
(I) Classification by business continuity
1.Net continuing operating profit 450,694,729.19 432,003,462.95
2.Termination of operating net profit
(II) Classification by ownership
Net profit attributable to the owners of parent
431,060,886.41 425,984,601.17
company
Minority shareholders’ equity 19,633,842.78 6,018,861.78
VI. Net after-tax of other comprehensive income 6,061.60
Net of profit of other comprehensive income attri 3,333.88
butable to owners of the parent company.
（I）Other comprehensive income items that will
not be reclassified into gains/losses in the
subsequent accounting period
1.Re-measurement of defined benefit plans of ch
anges in net debt or net assets
2.Other comprehensive income under the equity
method investee can not be reclassified into profi
t or loss.
3. Changes in the fair value of investments in
other equity instruments
17
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
4. Changes in the fair value of the company’s
credit risks
5.Other
（II）
Other comprehensive income that will be reclassi 3,333.88
fied into profit or loss.
1.Other comprehensive income under the equity
method investee can be reclassified into profit or
loss.
2. Changes in the fair value of investments in
other debt obligations
3.Gains and losses from changes in fair value ava
ilable for sale financial assets
4. Other comprehensive income arising from the
reclassification of financial assets
5.Held-to-maturity investments reclassified to ga
ins and losses of available for sale financial asset
s
6. Allowance for credit impairments in
investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency financial stat 3,333.88
ements
9.Other
Net of profit of other comprehensive income attri
2,727.72
butable to Minority shareholders’ equity
VII. Total comprehensive income 450,694,729.19 432,009,524.55
Total comprehensive income attributable to the
431,060,886.41 425,987,935.05
owner of the parent company
Total comprehensive income attributable
19,633,842.78 6,021,589.50
minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.08 0.07
(II)Diluted earnings per share 0.08 0.07
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Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0.00, last period the combined party realized RMB0.00.
Legal Representative: Wang Lipeng Person in charge of accounting：Feng Qiuju Accounting Dept Leader: Wang Cang
4. Income statement of the Parent Company
In RMB
Items Report period Same period of the previous year
I. Revenue 58,425,489.32 50,573,688.01
Including：Business cost 50,591,128.19 30,911,502.36
Business tax and surcharge 995,340.65 1,031,055.02
Sales expense
Administrative expense 6,035,848.15 7,022,719.76
R & D costs 879,302.46 5,165,021.73
Financial expenses 56,873,326.71 106,787,141.95
Including：Interest expenses 168,844,922.67 163,891,082.00
Interest income 112,217,347.31 57,157,666.05
Asset impairment loss -241.00
Credit impairment loss
Add：Other income
Investment gain（“-”for loss） 7,219,446.42 23,809,013.93
Including: investment gains from
7,219,446.42 9,885,561.86
affiliates
Net exposure hedging income
Changing income of fair value
Income on disposal of assets
II. Operational profit（“-”for loss） -49,729,769.42 -76,534,738.88
Add ：Non-operational income 730.00 371.41
Less：Non -operational expenses 0.15
III. Total profit(“-”for loss) -49,729,039.42 -76,534,367.62
Less：Income tax expenses
IV. Net profit -49,729,039.42 -76,534,367.62
1.Net continuing operating profit -49,729,039.42 -76,534,367.62
2.Termination of operating net profit
V. Net after-tax of other comprehensive
19
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
income
（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.
3. Changes in the fair value of
investments in other equity instruments
4. Changes in the fair value of the
company’s credit risks
5.Other
（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. Changes in the fair value of
investments in other debt obligations
3.
Gains and losses from changes in fair v
alue available for sale financial assets
4. Other comprehensive income
arising from the reclassification of
financial assets
5.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
6. Allowance for credit impairments
in investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency fina
ncial statements
9.Other
20
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
VI. Total comprehensive income -49,729,039.42 -76,534,367.62
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
5,076,060,941.82 4,573,844,188.26
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 amount from disposal
financial assets that measured by fair
value and with variation reckoned into
current gains/losses
Cash received from interest,
commission charge and commission
Net increase of inter-bank fund
received
Net increase of repurchasing business
Net cash received by agent in
securities trading
Tax returned 61,166,837.37 28,936,072.03
Other cash received from business
1,198,893,570.39 676,868,577.90
operation
Sub-total of cash inflow 6,336,121,349.58 5,279,648,838.19
21
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Cash paid for purchasing of
4,150,952,638.34 5,030,947,005.57
merchandise and services
Net increase of client trade and
advance
Net increase of savings in central bank
and brother company
Cash paid for original contract claim
Net increase in financial assets held
for trading purposes
Net increase for Outgoing call loan
Cash paid for interest, processing fee
and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 299,283,804.82 348,304,672.37
Taxes paid 398,156,980.53 262,769,703.54
Other cash paid for business activities 849,044,296.94 695,168,232.73
Sub-total of cash outflow from
5,697,437,720.63 6,337,189,614.21
business activities
Net cash generated from /used in
638,683,628.95 -1,057,540,776.02
operating activities
II. Cash flow generated by investing
Cash received from investment
87,956,080.78 1,200,000,000.00
retrieving
Cash received as investment gains 13,923,452.07
Net cash retrieved from disposal of
fixed assets, intangible assets, and 24,000.00
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 339,995,038.76 8,227.27
Sub-total of cash inflow due to
427,975,119.54 1,213,931,679.34
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 106,155,263.08 221,643,375.29
long-term assets
Cash paid as investment 52,099,996.00
Net increase of loan against pledge
22
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
446,950,176.89 260,000,000.00
activities
Sub-total of cash outflow due to
553,105,439.97 533,743,371.29
investment activities
Net cash flow generated by investment -125,130,320.43 680,188,308.05
III.Cash flow generated by financing
Cash received as investment 2,000,000.00
Including: Cash received as investment
from minor shareholders
Cash received as loans 2,939,250,000.00 1,164,206,756.55
Cash received from bond placing
Other financing –related cash received 1,082,451,154.52 103,648,950.73
Sub-total of cash inflow from financing
4,021,701,154.52 1,269,855,707.28
activities
Cash to repay debts 1,776,368,478.34 723,884,505.43
Cash paid as dividend, profit, or
352,665,722.75 249,936,221.30
interests
Including: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 275,139,574.98 477,612,499.98
Sub-total of cash outflow due to
2,404,173,776.07 1,451,433,226.71
financing activities
Net cash flow generated by financing 1,617,527,378.45 -181,577,519.43
IV. Influence of exchange rate
alternation on cash and cash -1,426,795.20 4,861,325.08
equivalents
V.Net increase of cash and cash
2,129,653,891.77 -554,068,662.32
equivalents
Add: balance of cash and cash
14,916,637,291.04 25,457,990,759.03
equivalents at the beginning of term
VI ..Balance of cash and cash
17,046,291,182.81 24,903,922,096.71
equivalents at the end of term
6. Cash Flow Statement of the Parent Company
In RMB
23
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
84,181,455.03 5,521,970.00
rending of services
Tax returned
Other cash received from business
1,013,835,129.83 239,806,134.59
operation
Sub-total of cash inflow 1,098,016,584.86 245,328,104.59
Cash paid for purchasing of
206,012.32 834,370.85
merchandise and services
Cash paid to staffs or paid for staffs 4,618,891.20 10,318,166.57
Taxes paid 12,178,186.23 1,579,682.56
Other cash paid for business activities 657,575,351.98 230,107,073.24
Sub-total of cash outflow from
674,578,441.73 242,839,293.22
business activities
Net cash generated from /used in
423,438,143.13 2,488,811.37
operating activities
II. Cash flow generated by investing
Cash received from investment
1,220,000,000.00
retrieving
Cash received as investment gains 678,923,452.07
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
1,898,923,452.07
investment activities
Cash paid for construction of fixed
assets, intangible assets and other
long-term assets
Cash paid as investment 225,300,000.00 271,040,000.00
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
8,364,163,788.74 5,720,200,000.00
activities
24
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Sub-total of cash outflow due to
8,589,463,788.74 5,991,240,000.00
investment activities
Net cash flow generated by investment -8,589,463,788.74 -4,092,316,547.93
III. Cash flow generated by financing
Cash received as investment 0.00 0.00
Cash received as loans 1,130,000,000.00 350,000,000.00
Cash received from bond placing
Other financing –related ash received 7,896,851,205.51 4,263,448,809.94
Sub-total of cash inflow from
9,026,851,205.51 4,613,448,809.94
financing activities
Cash to repay debts 322,883,333.28 423,883,333.34
Cash paid as dividend, profit, or
96,424,046.00 95,990,973.14
interests
Other cash paid for financing activities
Sub-total of cash outflow due to
419,307,379.28 519,874,306.48
financing activities
Net cash flow generated by financing 8,607,543,826.23 4,093,574,503.46
IV. Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash
441,518,180.62 3,746,766.90
equivalents
Add: balance of cash and cash
9,732,302,654.23 11,224,359,236.39
equivalents at the beginning of term
VI ..Balance of cash and cash
10,173,820,834.85 11,228,106,003.29
equivalents at the end of term
II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year of any New
Standards Governing Financial Instruments, Revenue or Leases
√ Applicable □ Not applicable
Consolidated balance sheet
In RMB
Items December 31, 2018 January 1, 2019 Adjustment
Current asset：
25
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Cash and bank balances 19,807,094,397.16 19,807,094,397.16
Notes receivable & account
14,852,563,398.56 14,852,563,398.56
receivable
Including：Notes receivable 499,781,503.17 499,781,503.17
Notes receivable 14,352,781,895.39 14,352,781,895.39
Prepayments 5,215,414,219.51 5,215,414,219.51
Other account receivable 1,125,991,020.55 1,125,991,020.55
Including：Interest
56,811,961.67 56,811,961.67
receivable
Inventories 3,510,786,666.85 3,510,786,666.85
Held-for-sale assets 119,355,435.58 119,355,435.58
Other current assets 809,360,778.49 809,360,778.49
Total of current assets 45,440,565,916.70 45,440,565,916.70
Non-current assets：
发放贷款和垫款 0.00
Available-for-sale financial
243,158,605.30 Not applicable -243,158,605.30
assets
Long-term receivable 344,430,815.68 344,430,815.68
Long term share equity
2,174,347,969.22 2,174,347,969.22
investment
Other equity instruments
Not applicable 243,158,605.30 243,158,605.30
investment
Property investment 686,993,881.02 686,993,881.02
Fixed assets 9,634,463,323.77 9,634,463,323.77
Construction in progress 5,013,941,980.61 5,013,941,980.61
Intangible assets 1,146,949,745.14 1,146,949,745.14
Development expenses 37,122,235.94 37,122,235.94
Goodwill 2,835,672,586.90 2,835,672,586.90
Long-germ expenses to be
21,884,204.82 21,884,204.82
amortized
Deferred tax assets 533,094,627.68 533,094,627.68
Other non-current asset 4,463,496,966.82 4,463,496,966.82
Total of non-current assets 27,135,556,942.90 27,135,556,942.90
Total of assets 72,576,122,859.60 72,576,122,859.60
Current liabilities
Short-term loans 8,361,106,651.33 8,361,106,651.33
26
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Notes payable & account
10,276,094,132.88 10,276,094,132.88
payable
Advance payment 1,402,283,662.37 1,402,283,662.37
Employees’ wage payable 238,146,977.17 238,146,977.17
Tax payable 817,173,127.12 817,173,127.12
Other account payable 2,089,603,676.60 2,089,603,676.60
Including：Interest payable 117,554,951.58 117,554,951.58
Non-current liability due
3,697,392,864.91 3,697,392,864.91
within 1 year
Other current liability 315,193,128.73 315,193,128.73
Total of current liability 27,196,994,221.11 27,196,994,221.11
Non-current liabilities：
Long-term loan 2,741,589,600.00 2,741,589,600.00
Bond payable 5,630,818,825.32 5,630,818,825.32
Long-term payable 2,644,309,592.95 2,644,309,592.95
Estimated liabilities 99,765,750.04 99,765,750.04
Deferred income 676,146,399.31 676,146,399.31
Deferred income tax liability 55,192,983.97 55,192,983.97
Other non-current liability 108,000,000.00 108,000,000.00
Total non-current liabilities 11,955,823,151.59 11,955,823,151.59
Total of liability 39,152,817,372.70 39,152,817,372.70
Owners’ equity
Share capital 5,730,250,118.00 5,730,250,118.00
Capital reserves 21,786,233,393.78 21,786,233,393.78
Less: treasury shares 4,422,320.00 4,422,320.00
Other comprehensive income -29,175.80 -29,175.80
Special reserve 12,614,331.35 12,614,331.35
Surplus reserves 245,507,019.95 245,507,019.95
Retained profit 4,750,977,557.86 4,750,977,557.86
Total of owner’s equity
32,521,130,925.14 32,521,130,925.14
belong to the parent company
Minority shareholders’ equity 902,174,561.76 902,174,561.76
Total of owners’ equity 33,423,305,486.90 33,423,305,486.90
Total of liabilities and
72,576,122,859.60 72,576,122,859.60
owners’ equity
27
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Adjustment statement
The new financial standard was implemented on January 1, 2019. According to the new financial instrument standard,
the ending of the 2018 statement available-for-sale financial assets was adjusted to other equity instrument
investments at the beginning of 2019.
Parent Company Balance Sheet
In RMB
Items December 31, 2018 January 1, 2019 Adjustment
Current asset：
Cash and bank balances 9,732,302,654.23 9,732,302,654.23
Notes receivable &
176,613,926.23 176,613,926.23
account receivable
Including：Notes receivable 50,000.00 50,000.00
Account receivable 176,563,926.23 176,563,926.23
Prepayments 2,008,364.11 2,008,364.11
Other account receivable 6,281,675,319.27 6,281,675,319.27
Including：Interest receivable 7,521,489.86 7,521,489.86
Dividend receivable 500,000,000.00 500,000,000.00
Inventories 269,759,580.95 269,759,580.95
Other current assets 148,973.38 148,973.38
Total of current assets 16,462,508,818.17 16,462,508,818.17
Non-current assets：
Available-for-sale financial
129,500,056.00 Not applicable -129,500,056.00
assets
Long term share equity
26,504,735,200.89 26,504,735,200.89
investment
Other equity instruments
Not applicable 129,500,056.00 129,500,056.00
investment
Fixed assets 160,867,244.63 160,867,244.63
Intangible assets 9,339,387.26 9,339,387.26
Deferred income tax assets 119,964,967.85 119,964,967.85
Total of non-current assets 26,924,406,856.63 26,924,406,856.63
Total of assets 43,386,915,674.80 43,386,915,674.80
Current liabilities
Short-term loans 4,278,000,000.00 4,278,000,000.00
Notes payable & 11,500,796.58 11,500,796.58
28
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
Account payable
Prepayments 1,991,498.78 1,991,498.78
Employees’ wage payable 4,484,401.86 4,484,401.86
Tax payable 17,959,833.09 17,959,833.09
Other account payable 3,656,725,253.66 3,656,725,253.66
Including：Interest payable 97,197,464.99 97,197,464.99
Non-current liabilities due
1,533,383,333.28 1,533,383,333.28
within 1 year
Total of current assets 9,504,045,117.25 9,504,045,117.25
Non-current assets：
Bond payable 5,630,818,825.32 5,630,818,825.32
Total of non-current assets 5,630,818,825.32 5,630,818,825.32
Total of assets 15,134,863,942.57 15,134,863,942.57
Owners’ equity
Share capital 5,730,250,118.00 5,730,250,118.00
Capital reserves 21,832,453,907.50 21,832,453,907.50
Less: treasury shares 4,422,320.00 4,422,320.00
Surplus reserves 226,517,795.62 226,517,795.62
Retained profit 467,252,231.11 467,252,231.11
Total of owners’ equity 28,252,051,732.23 28,252,051,732.23
Total of liabilities and
43,386,915,674.80 43,386,915,674.80
owners’ equity
Adjustment statement
The new financial standard was implemented on January 1, 2019. According to the new financial instrument standard,
the ending of the 2018 statement available-for-sale financial assets was adjusted to other equity instrument
investments at the beginning of 2019.
2. Retrospective Restatement of Previous Comparative Data due to the First Execution of any New
Standards Governing Financial Instruments or Leases
√ Applicable □Not applicable
Beginning January 1, 2019, the company began to implement the new financial instrument guidelines, but does not
involve data adjustment during the comparative period of the income statement.
III. Auditor’ report
Is the First Quarterly Report be audited?
□ Yes √No
29
Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019
The First Quarterly report is not audited.
Tunghsu Optoelectronic Technology Co., Ltd.
Board Chairman: Wang Lipeng
Issue day approved by the Board of Directors：April 29,2019
30
