Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Tunghsu Optoelectronic Technology Co., Ltd.
The Frist Quarterly Report 2020
April 2020
1
Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
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. Gu Xuan, Person in charge of the Company, Mr. Wang Qing, Person in charge of accounting works, Mr.Wang
Qing, Chief of the accounting organ (chief of accounting ) hereby confirm the authenticity and completeness of
the financial report enclosed in this report.
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
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
Changes of this period-end
This period Same period of last year over same period-end of last
year(%)
Operating revenue（Yuan） 1,030,628,692.95 3,816,412,812.51 -72.99%
Net assets attributable to the shareholders -332,074,298.57 431,060,886.41 -177.04%
of the listed company（Yuan）
Net profit after deducting of non-recurring -354,123,553.35 396,063,134.95 -189.41%
gain/loss attributable to the shareholders of
listed company（Yuan）
Net cash generated from /used in operating 159,026,281.37 638,683,628.95 -75.10%
activities（Yuan）
Basic earning per share(Yuan/Share) -0.06 0.08 -175.00%
Diluted gains per share(Yuan/Share) -0.06 0.08 -175.00%
Weighted average return on equity （%） -1.08% 1.32% -2.40%
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（Yuan） 70,212,669,842.89 69,628,320,928.19 0.84%
Net assets attributable to the shareholders 30,684,717,024.74 31,020,123,473.81 -1.08%
of the listed company（Yuan）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RM B
Amount (Year-beginning to
Items Notes
the end of the report period.)
Govemment subsidy recognized in current gain and 34,798,415.75
loss(excluding those closely related to the Company’s business
and granted under the state’s policies)
Other non-operating income and expenditure beside for the above -3,134,773.94
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
items
Less: Influenced amount of income tax 5,998,980.39
Amount of influence of minority interests（After tax） 3,615,406.64
Total 22,049,254.78 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public -Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public -non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
II.Total 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 406,749 Total preference shareholders with 0
shareholders at the period-end (including the voting power recovered at the
389,995 end of the reporting period(if any)
shareholders
holding A shares
and 16,754
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 freeze 915,064,091
Shijiazhuang 4.82% 276,064,271 pledge 153,520,000
Domestic Non
Baoshi
-State-owned
Electronic
legal person
Group Co., Ltd.
Shanghai Domestic Non 4.58% 262,626,262 262,626,262 pledge 80,000,000
Huimao -State-owned
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Enterprise legal person
M anagement
Co., Ltd.
Shenzhen 1.07% 61,165,682 pledge 61,165,682
Taianer Domestic Non
Information -State-owned
Technology legal person
Co., Ltd.
Hong Kong 0.82% 47,107,537
central clearing Foreign legal
company person
limited
Kunshan 0.73% 41,838,269
Development
Zone
State-owned legal
State-Owned
person
Investment
Holding Co.,
Ltd.
China securities Domestic Non 0.54% 30,906,112
finance co., Ltd -State-owned
legal person
Domestic Natural 0.22% 12,860,000
Lin Zhengnan
person
M ianyang Domestic legal 0.20% 11,380,165 pledge 11,380,000
science and person
technology city
development
investment
(group) co., Ltd
Ye Yajun Domestic Natural 0.17% 10,000,000
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 RM B Common 563,057,300
Tunghsu Group Co., Ltd.
shares
Shijiazhuang Baoshi Electronic 276,064,271 RM B Common 276,064,271
Group Co., Ltd. shares
Shenzhen Taianer Information 61,165,682 RM B Common 61,165,682
Technology Co., Ltd. shares
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Hong Kong Securities Clearing Co., 47,107,537 RM B Common 47,107,537
Ltd. shares
Kunshan Development Zone 41,838,269 41,838,269
RM B Common
State-Owned Investment Holding
shares
Co., Ltd.
30,906,112 RM B Common 30,906,112
China securities finance co., Ltd
shares
12,860,800 RM B Common 12,860,800
Lin Zhengnan
shares
M ianyang science and technology 11,380,165 11,380,165
RM B Common
city development investment (group)
shares
co., Ltd
Ye Yajun 10,000,000 RM B Common 10,000,000
shares
Industrial and Commercial Bank of 9,562,353 9,562,353
RM B Common
China. - huataibairui Csi 300 etf
shares
investment fund
Among the top 10 shareholders, Shijiazhuang Baoshi Electronics Group Co., Ltd. and
Explanation on shareholders Dongxu Group Co., Ltd. constitute a concerted relationship. The company does not
participating in the margin trading know whether the other 8 shareholders are related to each other or whether they belong
business to the concerted action as stipulated in the Regulations Governing the Purchase of
Public Companies.
Among the top 10 shareholders, Shijiazhuang Baoshi Electronic Group Co., Ltd.
Participation of top 10 unconditional
conducted margin financing and short selling business through the customer credit
common share shareholders in
transaction guarantee securities account of Southwest Securities co., ltd, involving
securities margin trading (if any)
122,538,600 shares.
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 Frist Quarterly Report 2020
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
No Items Ending balance Opening balance Changes Remarks on the change
1 Operating revenue 1,030,628,692.95 3,816,412,812.51 -72.99% COVID-19 epidemic effects
2 Operating costs 869,978,952.06 2,866,380,893.72 -69.65% COVID-19 epidemic effects
305,954,286.63 195,587,354.83 56.43% The rising cost of financing leads to an
3 Finance
increase in interest charges
4 Other income 76,186,615.30 105,585,373.30 -27.84% Reduced government subsidies
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
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. Investment in securities
□ Applicable √Not applicable
There is no securities investment during the reporting period.
V. Entrusted Financial Management
□ Applicable √Not applicable
There is no Entrusted Financial Management during the report period.
VI. Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
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 Frist Quarterly Report 2020
IV. Financial State ment
I. Financial statement
1. Consolidated balance sheet
Prepared by：Tunghsu Optoelectronic Technology Co., Ltd.
March 31,2020
In RM B
Items M arch 30,2020 December 31,2019
Current asset：
Cash and bank balances 11,282,851,931.20 11,580,819,578.44
Settlement provision
Outgoing call loan
Transactional financial assets
Derivative financial assets
Notes receivable 28,693,287.00 34,510,584.50
Account receivable 11,509,509,617.42 11,496,500,929.28
Financing of receivables 1,348,226,951.15 1,712,996,551.15
Prepayments 10,029,103,942.57 8,993,206,274.68
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 4,927,587,215.26 4,831,348,641.69
Including：Interest receivable 10,523,223.15 2,325,948.16
Dividend receivable 11,585,960.88 11,585,960.88
Repurchasing of financial assets
Inventories 4,407,335,022.93 4,326,590,183.49
Contract assets 515,175,866.68
Assets held for sales 119,355,435.58 119,355,435.58
Non-current asset due within 1 year
Other current asset 846,365,626.31 837,951,546.82
Total of current assets 45,014,204,896.10 43,933,279,725.63
Non-current assets：
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Loans and payment on other’s behalf
disbursed
Debt investment
Other investment on bonds
Long-term receivable 298,196,207.56 306,158,872.38
Long term share equity investment 2,205,512,222.23 2,207,456,475.75
Other equity instruments investment
Other non-current financial assets 248,158,605.30 248,158,605.30
Property investment 687,245,205.96 695,653,870.87
Fixed assets 8,938,139,665.75 9,075,392,171.23
Construction in progress 4,906,903,605.17 4,856,161,438.68
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 1,049,189,188.74 1,061,801,667.12
Development expenses 48,064,594.16 44,748,355.95
Goodwill 1,995,588,453.44 1,995,588,453.44
Long-germ expenses to be amortized 20,758,975.64 21,707,770.53
Deferred income tax asset 426,475,548.87 430,229,031.02
Other non-current asset 4,374,232,673.97 4,751,984,490.29
Total of non-current assets 25,198,464,946.79 25,695,041,202.56
Total of assets 70,212,669,842.89 69,628,320,928.19
Current liabilities
Short-term loans 9,701,654,583.03 9,807,921,003.28
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 357,023,425.42 850,447,788.10
Account payable 6,905,882,512.89 7,007,558,192.78
Advance receipts 1,229,191,453.92 1,652,587,387.44
Contract Liabilities 1,890,117,383.58
Selling of repurchased financial assets
Deposit taking and interbank deposit
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 173,295,136.20 206,227,756.49
Tax payable 287,422,957.20 339,813,007.03
Other account payable 3,926,135,794.91 3,693,138,656.67
Including：Interest payable 672,290,687.17 452,834,591.96
Dividend payable 66,278,190.37 66,278,190.37
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 7,922,647,232.99 7,841,514,464.78
Other current liability 454,869,410.15 454,404,004.66
Total of current liability 32,848,239,890.29 31,853,612,261.23
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 2,977,169,601.99 3,003,722,151.74
Bond payable 301,145,832.60 301,145,832.60
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 1,038,281,614.65 1,077,918,138.44
Long-term remuneration payable to
staff
Expected liabilities 124,239,165.21 124,239,165.21
Deferred income 702,922,558.06 713,023,519.35
Deferred income tax liability 52,912,208.69 54,472,480.31
Other non-current liabilities 508,000,000.00 508,000,000.00
Total non-current liabilities 5,704,670,981.20 5,782,521,287.65
Total of liability 38,552,910,871.49 37,636,133,548.88
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 Frist Quarterly Report 2020
Capital reserves 21,812,136,465.66 21,812,136,465.66
Less：Shares in stock 4,422,320.00 4,422,320.00
Other comprehensive income -29,175.80 -29,175.80
Special reserve 25,167,575.12 28,499,725.62
Surplus reserves 245,507,019.95 245,507,019.95
Common risk provision
Retained profit 2,876,107,341.81 3,208,181,640.38
Total of owner’s equity belong to the 30,684,717,024.74 31,020,123,473.81
parent company
M inority shareholders’ equity 975,041,946.66 972,063,905.50
Total of owners’ equity 31,659,758,971.40 31,992,187,379.31
Total of liabilities and owners’ equity 70,212,669,842.89 69,928,320,928.19
Legal representative ：Gu Xuan
Person-in-charge of the accounting work：Wang Qing
Person-in -charge of the accounting organ：Wang Qing
2. Balance sheet of Parent Company
In RM B
Items M arch 31,2020 December 31,2019
Current asset：
Cash and bank balances 4,701,977,737.58 4,700,601,207.82
Transactional financial assets
Derivative financial assets
Notes receivable
Account receivable 236,947,979.44 236,947,979.44
Financing of receivables
Prepayments 1,366,762.61 1,033,942.61
Other account receivable 11,598,999,959.64 11,551,051,968.51
Including：Interest receivable
Dividend receivable 500,000,000.00 500,000,000.00
Inventories 199,583,388.31 193,714,314.48
Contract assets
Assets held for sales
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Non-current asset due within 1 year
Other current asset 148,973.38 148,973.38
Total of current assets 16,739,024,800.96 16,683,498,386.24
Non-current assets：
Debt investment
Other investment on bonds
Long-term receivable
Long term share equity investment 28,376,758,195.28 28,378,702,448.80
Other equity instruments investment
Other non-current financial assets 129,500,056.00 129,500,056.00
Property investment
Fixed assets 141,677,524.73 145,493,375.51
Construction in progress
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 8,904,753.11 8,991,679.94
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 0.00
Other non-current asset 300,000,000.00 300,000,000.00
Total of non-current assets 28,956,840,529.12 28,962,687,560.25
Total of assets 45,695,865,330.08 45,646,185,946.49
Current liabilities
Short-term loans 6,507,370,461.11 6,507,370,461.11
Transactional financial liabilities
Derivative financial liabilities
Notes payable
Account payable 8,518,058.47 8,663,754.33
Advance receipts 842,498.78 842,498.78
Contract Liabilities
Employees’ wage payable 7,056,903.62 5,226,344.53
Tax payable 16,738,341.28 16,766,064.54
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Other account payable 5,100,019,042.78 4,861,267,706.46
Including：Interest payable 651,814,803.28 426,748,970.50
Dividend payable 66,278,190.37 66,278,190.37
Liabilities held for sales
Non-current liability due within 1 year 6,098,388,482.58 6,097,417,230.96
Other current liability
Total of current liability 17,738,933,788.62 17,497,554,060.71
Non-current liabilities：
Long-term loan 495,175,833.33 495,175,833.33
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to
staff
Expected liabilities 54,389,500.40 54,389,500.40
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 549,565,333.73 549,565,333.73
Total of liability 18,288,499,122.35 18,047,119,394.44
Owners’ equity
Share capital 5,730,250,118.00 5,730,250,118.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 21,832,453,907.50 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 -377,433,293.39 -185,732,949.07
Total of owners’ equity 27,407,366,207.73 27,599,066,552.05
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Total of liabilities and owners’ equity 45,695,865,330.08 45,646,185,946.49
3.Consolidated Income statement of the Report period
In RM B
Items Amount in this period Amount in last period
I. Turnover 1,030,628,692.95 3,816,412,812.51
Including ：Operating income 1,030,628,692.95 3,816,412,812.51
Interest income
Insurance fee earned
Fee and commission received
II. Total operating costs 1,419,363,468.14 3,378,198,668.06
Including ：Operating costs 869,978,952.06 2,866,380,893.72
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for duty, net
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 6,931,232.92 15,926,112.39
Sales expense 58,517,929.55 61,858,043.90
Administrative expense 129,908,567.13 141,671,065.56
R & D expense 48,072,499.85 96,775,197.66
Financial expenses 305,954,286.63 195,587,354.83
Including：Interest expense 320,838,751.05 288,031,321.60
Interest income 16,801,990.79 -95,626,567.30
Add：Other income 76,186,615.30 105,585,373.30
Investment gain（“-”for loss） -1,944,253.53 18,510,790.49
Including: investment gains from -1,944,253.53 7,222,622.82
affiliates
Financial assets measured at amortized
cost cease to be recognized as income
Gains from currency exchange
Net exposure hedging income
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Changing income of fair value
Credit impairment loss -2,283,096.88
Impairment loss of assets 4,550,554.80
Assets disposal income
III. Operating profit（“-”for loss） -316,775,510.30 566,860,863.04
Add ：Non-operating income 1,889,059.27 8,308,090.03
Less: Non-operating expenses 5,023,833.21 5,567,209.46
IV Total profit(“-”for loss) -319,910,284.24 569,601,743.61
Less：Income tax expenses 13,432,307.99 118,907,014.42
V Net profit -333,342,592.23 450,694,729.19
(I) Classification by business
continuity
1.Net continuing operating profit -333,342,592.23 450,694,729.19
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of -332,074,298.57 431,060,886.41
parent company
2.M inority shareholders’ equity -1,268,293.66 19,633,842.78
VI. Net after-tax of 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.
3. Changes in the fair value of
investments in other equity instruments
4. Changes in the fair value of the
company’s credit risks
16
Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
5.Other
（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. Changes in the fair value of
investments in other debt obligations
3. Other comprehensive income arising
from the reclassification of financial
assets
4. Allowance for credit impairments in
investments in other debt obligations
5. Reserve for cash flow hedges
6.Translation differences in currency fina
ncial statements
7.Other
Net of profit of other comprehensive inco
me attributable to M inority shareholders’
equity
VII. Total comprehensive income -333,342,592.23 450,694,729.19
Total comprehensive income attributable -332,074,298.57 431,060,886.41
to the owner of the parent company
Total comprehensive income -1,268,293.66 19,633,842.78
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.06 0.08
(II)Diluted earnings per share -0.06 0.08
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 RMB 0.00.
Legal representative ：Gu Xuan
Person-in-charge of the accounting work：Wang Qing
Person-in -charge of the accounting organ ：Wang Qing
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
4.Income statement of the Parent Company of the Report period
In RM B
Items Amount in this period Amount in last period
I. Revenue 0.00 58,425,489.32
Including ：Operating costs 0.00 50,591,128.19
Business tax and surcharge 976,888.96 995,340.65
Sales expense
Administrative expense 2,048,746.13 6,035,848.15
R & D expense 566,821.38 879,302.46
Financial expenses 186,163,634.32 56,873,326.71
Including：Interest expenses 241,905,411.35 168,844,922.67
Interest income 55,742,450.49 112,217,347.31
Add：Other income
Investment gain（“-”for loss） -1,944,253.53 7,219,446.42
Including: investment gains from -1,944,253.53 7,219,446.42
affiliates
Financial assets measured at
amortized cost cease to be recognized
as income
Net exposure hedging income
Changing income of fair value
Credit impairment loss
Impairment loss of assets 241.00
Assets disposal income
II. Operating profit（“-”for loss） -191,700,344.32 -49,729,769.42
Add ：Non-operating income 730.00
Less：Non -operating expenses
III. Total profit(“-”for loss) -191,700,344.32 -49,729,039.42
Less：Income tax expenses
IV Net profit -191,700,344.32 -49,729,039.42
1.Net continuing operating profit -191,700,344.32 -49,729,039.42
2.Termination of operating net profit
V. Net after-tax of other comprehensive
income
（I）Other comprehensive income items
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
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. Other comprehensive income arising
from the reclassification of financial
assets
4. Allowance for credit impairments
in investments in other debt obligations
5. Reserve for cash flow hedges
6.Translation differences in currency fin
ancial statements
7.Other
VI. Total comprehensive income -191,700,344.32 -49,729,039.42
VII. Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
19
Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
5 Consolidated Cash flow statement
In RM B
Items Report period Same period of the previous year
I. Cash flows from operating activities
Cash received from sales of goods or 1,865,598,799.57 5,076,060,941.82
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 16,301,033.04 61,166,837.37
Other cash received from business 110,728,411.17 1,198,893,570.39
operation
Sub-total of cash inflow 1,992,628,243.78 6,336,121,349.58
Cash paid for purchasing of 1,373,671,844.10 4,150,952,638.34
merchandise and services
Net increase of client trade and
advance
Net increase of savings in central bank
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
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 216,484,554.13 299,283,804.82
Taxes paid 43,091,758.89 398,156,980.53
Other cash paid for business activities 200,353,805.29 849,044,296.94
Sub-total of cash outflow from 1,833,601,962.41 5,697,437,720.63
business activities
Net cash generated from /used in 159,026,281.37 638,683,628.95
operating activities
II. Cash flow generated by investing
Cash received from investment 87,956,080.78
retrieving
Cash received as investment gains
Net cash retrieved from disposal of 24,000.00
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 24,896,582.24 339,995,038.76
Sub-total of cash inflow due to 24,896,582.24 427,975,119.54
investment activities
Cash paid for construction of fixed 30,672,489.27 106,155,263.08
assets, intangible assets and other
long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries
and other operational units
Other cash paid for investment 75,037,633.04 446,950,176.89
activities
Sub-total of cash outflow due to 105,710,122.31 553,105,439.97
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
investment activities
Net cash flow generated by investment -80,813,540.07 -125,130,320.43
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment
from minor shareholders
Cash received as loans 358,229,504.54 2,939,250,000.00
Other financing –related cash received 368,397,591.89 1,082,451,154.52
Sub-total of cash inflow from financing 726,627,096.43 4,021,701,154.52
activities
Cash to repay debts 478,166,532.68 1,776,368,478.34
Cash paid as dividend, profit, or 52,121,943.43 352,665,722.75
interests
Including: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 382,377,110.65 275,139,574.98
Sub-total of cash outflow due to 912,665,586.76 2,404,173,776.07
financing activities
Net cash flow generated by financing -186,038,490.33 1,617,527,378.45
IV Influence of exchange rate -328,562.49 -1,426,795.20
alternation on cash and cash
equivalents
V.Net increase of cash and cash -108,154,311.52 2,129,653,891.77
equivalents
Add: balance of cash and cash 8,001,611,170.08 14,916,637,291.04
equivalents at the beginning of term
VI ..Balance of cash and cash 7,893,456,858.56 17,046,291,182.81
equivalents at the end of term
6. Cash Flow Statement of the Parent Company
In RM B
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
rending of services
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Tax returned
Other cash received from business 5,236,758.45 1,013,835,129.83
operation
Sub-total of cash inflow 5,236,758.45 1,098,016,584.86
Cash paid for purchasing of 3,805.00 206,012.32
merchandise and services
Cash paid to staffs or paid for staffs 396,108.02 4,618,891.20
Taxes paid 12,178,186.23
Other cash paid for business activities 37,651.59 657,575,351.98
Sub-total of cash outflow from 437,564.61 674,578,441.73
business activities
Net cash generated from /used in 4,799,193.84 423,438,143.13
operating activities
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 225,300,000.00
Net cash received from subsidiaries
and other operational units
Other cash paid for investment 9,751,759.54 8,364,163,788.74
activities
Sub-total of cash outflow due to 9,751,759.54 8,589,463,788.74
investment activities
Net cash flow generated by investment -9,751,759.54 -8,589,463,788.74
III. Cash flow generated by financing
23
Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Cash received as investment
Cash received as loans 1,130,000,000.00
Other financing –related ash received 15,068,278.00 7,896,851,205.51
Sub-total of cash inflow from 15,068,278.00 9,026,851,205.51
financing activities
Cash to repay debts 322,883,333.28
Cash paid as dividend, profit, or 8,739,182.54 96,424,046.00
interests
Other cash paid for financing activities
Sub-total of cash outflow due to 8,739,182.54 419,307,379.28
financing activities
Net cash flow generated by financing 6,329,095.46 8,607,543,826.23
IV Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash 1,376,529.76 441,518,180.62
equivalents
Add: balance of cash and cash 4,660,058,550.70 9,732,302,654.23
equivalents at the beginning of term
VI ..Balance of cash and cash 4,661,435,080.46 10,173,820,834.85
equivalents at the end of term
II Adjustments to the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according to
the new standards for revenues and the new standards for lease implemented commencing from year 2020
√ Applicable □ Not applicable
Consolidated balance sheet
In RM B
Items December 31, 2019 January 1, 2020 Adjustment
Current asset：
Cash and bank balances 11,580,819,578.44 11,580,819,578.44
Notes receivable 34,510,584.50 34,510,584.50
account receivable 11,496,500,929.28 11,496,500,929.28
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Receivables financing 1,712,996,551.15 1,712,996,551.15
Prepayments 8,993,206,274.68 8,993,206,274.68
Other account receivable 4,831,348,641.69 4,831,348,641.69
Including：Interest 2,325,948.16 2,325,948.16
receivable
dividends receivable 11,585,960.88 11,585,960.88
Inventories 4,326,590,183.49 3,978,174,408.21 -348,415,775.28
Contract assets 348,415,775.28 348,415,775.28
Held-for-sale assets 119,355,435.58 119,355,435.58
Other current assets 837,951,546.82 837,951,546.82
Total of current assets 43,933,279,725.63 43,933,279,725.63
Non-current assets：
Long-term receivable 306,158,872.38 306,158,872.38
Long term share equity 2,207,456,475.75 2,207,456,475.75
investment
Other equity instruments 248,158,605.30 248,158,605.30
investment
Property investment 695,653,870.87 695,653,870.87
Fixed assets 9,075,392,171.23 9,075,392,171.23
Construction in progress 4,856,161,438.68 4,856,161,438.68
Intangible assets 1,061,801,667.12 1,061,801,667.12
Development expenses 44,748,355.95 44,748,355.95
Goodwill 1,995,588,453.44 1,995,588,453.44
Long-germ expenses to be 21,707,770.53 21,707,770.53
amortized
Deferred tax assets 430,229,031.02 430,229,031.02
Other non-current asset 4,751,984,490.29 4,751,984,490.29
Total of non-current assets 25,695,041,202.56 25,695,041,202.56
Total of assets 69,628,320,928.19 69,628,320,928.19
Current liabilities
Short-term loans 9,807,921,003.28 9,807,921,003.28
Notes payable 850,447,788.10 850,447,788.10
account payable 7,007,558,192.78 7,007,558,192.78
Advance payment 1,652,587,387.44 99,359,865.10 -1,553,227,522.34
Contract liability 1,553,227,522.34 1,553,227,522.34
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Employees’ wage payable 206,227,756.49 206,227,756.49
Tax payable 339,813,007.03 339,813,007.03
Other account payable 3,693,138,656.67 3,693,138,656.67
Including：Interest payable 452,834,591.96 452,834,591.96
dividends receivable 66,278,190.37 66,278,190.37
Non-current liability due 7,841,514,464.78 7,841,514,464.78
within 1 year
Other current liability 454,404,004.66 454,404,004.66
Total of current liability 31,853,612,261.23 31,853,612,261.23
Non-current liabilities：
Long-term loan 3,003,722,151.74 3,003,722,151.74
Bond payable 301,145,832.60 301,145,832.60
Long-term payable 1,077,918,138.44 1,077,918,138.44
Estimated liabilities 124,239,165.21 124,239,165.21
Deferred income 713,023,519.35 713,023,519.35
Deferred income tax liability 54,472,480.31 54,472,480.31
Other non-current liability 508,000,000.00 508,000,000.00
Total non-current liabilities 5,782,521,287.65 5,782,521,287.65
Total of liability 37,636,133,548.88 37,636,133,548.88
Owners’ equity
Share capital 5,730,250,118.00 5,730,250,118.00
Capital reserves 21,812,136,465.66 21,812,136,465.66
Less: treasury shares 4,422,320.00 4,422,320.00
Other comprehensive income -29,175.80 -29,175.80
Special reserve 28,499,725.62 28,499,725.62
Surplus reserves 245,507,019.95 245,507,019.95
Retained profit 3,208,181,640.38 3,208,181,640.38
Total of owner’s equity 31,020,123,473.81 31,020,123,473.81
belong to the parent company
M inority shareholders’ equity 972,063,905.50 972,063,905.50
Total of owners’ equity 31,992,187,379.31 31,992,187,379.31
Total of liabilities and 69,628,320,928.19 69,628,320,928.19
owners’ equity
Adjustment statement
26
Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
The ministry of finance revised and issued the accounting standards for enterprises no. 14 -- revenue (hereinafter
referred to as the "new revenue standards") On July 5, 2017. The domestic enterprises will take effect for the new
revenue standards from January 1, 2020. This accounting policy change does not involve retroactive adjustments
for previous years.
Parent Company Balance Sheet
In RM B
Items December 31, 2019 January 1, 2020 Adjustment
Current asset：
Cash and bank balances 4,700,601,207.82 4,700,601,207.82
account receivable 236,947,979.44 236,947,979.44
Prepayments 1,033,942.61 1,033,942.61
Other account receivable 11,551,051,968.51 11,551,051,968.51
Dividend receivable 500,000,000.00 500,000,000.00
Inventories 193,714,314.48 193,714,314.48
Other current assets 148,973.38 148,973.38
Total of current assets 16,683,498,386.24 16,683,498,386.24
Non-current assets：
Long term share equity 28,378,702,448.80 28,378,702,448.80
investment
Other equity instruments 129,500,056.00 129,500,056.00
investment
Fixed assets 145,493,375.51 145,493,375.51
Intangible assets 8,991,679.94 8,991,679.94
other non-current assets 300,000,000.00 300,000,000.00
Total of non-current assets 28,962,687,560.25 28,962,687,560.25
Total of assets 45,646,185,946.49 45,646,185,946.49
Current liabilities
Short-term loans 6,507,370,461.11 6,507,370,461.11
accounts payable 8,663,754.33 8,663,754.33
Prepayments 842,498.78 842,498.78
Employees’ wage payable 5,226,344.53 5,226,344.53
Tax payable 16,766,064.54 16,766,064.54
Other account payable 4,861,267,706.46 4,861,267,706.46
Including：Interest payable 426,748,970.50 426,748,970.50
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Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
dividends payable 66,278,190.37 66,278,190.37
Non-current liabilities due 6,097,417,230.96 6,097,417,230.96
within 1 year
Total of current assets 17,497,554,060.71 17,497,554,060.71
Non-current assets：
long-term loan 495,175,833.33 495,175,833.33
anticipation liabilities 54,389,500.40 54,389,500.40
Total of non-current assets 549,565,333.73 549,565,333.73
Total of assets 18,047,119,394.44 18,047,119,394.44
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 -185,732,949.07 -185,732,949.07
Total of owners’ equity 27,599,066,552.05 27,599,066,552.05
Total of liabilities and 45,646,185,946.49 45,646,185,946.49
owners’ equity
Adjustment statement
The ministry of finance revised and issued the accounting standards for enterprises no. 14 -- revenue
(hereinafter referred to as the "new revenue standards") On July 5, 2017. The domestic enterprises will take effect
for the new revenue standards from January 1, 2020. This accounting policy change does not involve retroactive
adjustments for previous years.
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for
revenue and the new standards for lease implemented commencing from year 2020
□Applicable √Not applicable √
III. Auditor’ report
Is the Frist Quarterly Report be audited?
□ Yes √No
The Frist Quarterly report is not audited.
28
Tunghsu Optoelectronic Technology Co., Ltd. The Frist Quarterly Report 2020
Tunghsu Optoelectronic Technology Co., Ltd.
Board Chairman: Gu Xuan
Issue day approved by the Board of Directors：April 30,2020
29
