2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Stock Code: 002236 Stock Abbreviation: Dahua Announcement No.: 2024-037
Zhejiang Dahua Technology Co., Ltd.
2024 Q1 Report
The Company and all members of the Board of Directors hereby guarantee that the information disclosed herein
is authentic, accurate and complete and free of any false records, misleading statements, or material omissions.
Important Notice:
1. The Board of Directors, the Board of Supervisors, directors, supervisors and senior management members of the
Company hereby guarantee that the information presented in this quarterly report is authentic, accurate, complete and
free of any false records, misleading statements or material omissions, and they will bear joint and several liability for
such information.
2. The Company's legal representative, chief accountant, and person in charge of accounting institution (Accounting
Officer) hereby declare and warrant that the financial statements in the quarterly report are authentic, accurate, and
complete.
3. Has the first quarter report been audited?
□ Yes No
This document is a translated version of the Chinese version 2024 Q1 report ("2024 年第一季度报告"),
and the published 2024 Q1 Report in the Chinese version shall prevail.
1
2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
I. Key Financial Data
(I). Key Accounting Data and Financial Indicators
Whether the Company needs retroactive adjustment or restatement of accounting data in prior years or not
□ Yes No
Increase/Decrease of the
The Current Reporting The Same Period of Last Current Reporting Period
Period Year Compared with the Same
Period of the Previous Year
Operating revenue (RMB) 6,180,916,716.70 6,015,629,882.58 2.75%
Net profit attributable to
shareholders of the listed 561,037,985.01 495,351,177.84 13.26%
Company (RMB)
Net profit attributable to
shareholders of the listed
company after deducting 501,290,511.61 398,105,107.61 25.92%
non-recurring gains and
losses (RMB)
Net cash flow generated by
operational activities -1,306,666,360.66 -1,339,410,329.62 2.44%
(RMB)
Basic Earnings per Share
0.17 0.17 0.00%
(RMB/Share)
Diluted Earnings per Share
0.17 0.17 0.00%
(RMB/Share)
Weighted Average ROE 1.60% 1.90% -0.30%
Increase/Decrease at the
End of the Current
At the End of the Current At the End of the Previous
Reporting Period
Reporting Period Year
Compared with the End of
the Previous Year
Total assets (RMB) 49,939,916,410.93 52,881,927,214.00 -5.56%
Owners' Equity Attributable
to Shareholders of the
35,332,790,306.54 34,719,173,825.42 1.77%
Listed Company (Unit:
RMB)
(II) Non-recurring Gains or Losses and Their Amounts
Applicable □ Not applicable
Unit: RMB
Amount in the Current Reporting
Item Note
Period
Profits or losses from disposal of non-current assets (including
104,462,399.04
the write-off for the accrued impairment of assets)
The government subsidies included in the current profits and
losses (excluding the government subsidies closely related to
the Company's regular business operations, in accordance with
41,453,222.16
national policies, and received consistently based on established
criteria, which have a sustained impact on the Company's profits
and losses).
Profits and losses resulting from the changes in fair value for -40,202,801.15
2
2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
financial assets and financial liabilities held by non-financial
enterprises, and gains/losses from the disposal of financial
assets and financial liabilities, excluding the effective hedging
businesses related to the regular business operation of the
Company.
Gains or losses from investment or asset management entrusted
-50,772,194.46
to others
Reversal of the receivables depreciation reserves for separate
25,956.94
impairment test
Non-Operating Revenue and expenses other than the above 2,348,690.38
Other gains and losses items that fit the definition of non-
-57,699.23
recurring gains and losses
Less: Impact of income tax -7,374,078.68
Impact of minority equity (after tax) 4,884,178.96
Total 59,747,473.40 --
Other gains or losses that fit the definition of non-recurring gains or losses:
□ Applicable Not applicable
The Company has no other gains or losses that fit the definition of non-recurring gains or losses.
Note for the definition of non-recurring gains and losses listed in the No. 1 Explanatory Announcement on Information
Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses, as recurring gains
and losses.
□ Applicable Not applicable
The Company did not define any non-recurring gains and losses listed in the No. 1 Explanatory Announcement on
Information Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses as
recurring gains and losses.
(III) The Changes in Key Accounting Data and Financial Indicators and the Reasons
Applicable □ Not applicable
i. The changes of assets and liabilities and the reasons
1. The held-for-trading financial assets decreased by 100.00% compared to the beginning of the year due to the
collection of matured held-for-trading financial assets during the current period.
2. The dividends receivable decreased by 100.00% compared to the beginning of the year due to their receipt during
the current period.
3. Other current assets decreased by 34.81% compared to the beginning of the year, mainly attributable to a reduction
in the amount of treasury bond reverse repurchase transactions at the end of the period compared to the beginning.
6. Short-term loans decreased by 36.88% compared to the beginning of the year, mainly due to the repayment of bank
borrowings during the current period.
7. Transactional financial liabilities increased by 4,740.67% compared to the beginning of the year, mainly due to
changes in fair value of foreign currency exchange contracts.
6. The salary payable to employees decreased by 57.80% compared to the beginning of the year, mainly due to the
distribution of year-end bonus in the current period.
7. The taxes payable decreased by 54.15% compared to the beginning of the year, mainly due to a decrease in value-
added tax and income tax payable at the end of the current period compared to the beginning of the year.
(II) The changes of items in the income statement and the reasons
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2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
1. Financial expenses decreased by 208.77% compared to the same period of the previous year, mainly due to an
increase in net interest income compared to the same period last year and a decrease in foreign exchange losses
compared to the same period last year.
2. Other incomes increased by 117.32% compared to the same period last year, mainly due to the increase in
refunded value-added tax for software received during the current period compared to the same period last year.
3. Investment incomes increased by 217.12% compared to the same period last year, mainly due to an increase in
profits from equity transfers and a decrease in losses from invested companies recognized under the equity method
compared to the same period last year.
4. Fair value change income decreased by 168.94% compared to the same period last year, mainly due to a decrease
in fair value change income from other non-current financial assets compared to the same period last year.
5. Non-operating expenses increased by 45.89% compared to the same period last year, mainly due to an increase in
losses from the disposal of non-current assets compared to the same period last year.
(III) The changes of items in the cash flow statement and the reasons
1. Net cash flow generated from investing activities increased by 351.27% compared to the same period last year,
mainly due to an increase in the net funds received from the disposal of subsidiaries and a decrease in capital
expenditures for long-term assets compared to the same period last year.
2. Net cash flow generated from financing activities decreased by 111.63% compared to the same period last year,
mainly due to the receipt of raised funds in the same period last year, while the net borrowing receipts and payments
decreased in the current period compared to the same period last year.
II. Information on Shareholders
(I) The total number of common shareholders, the number of preferred shareholders with
restored voting rights and shareholding status of the top 10 shareholders
Unit: share
Total Number of Common Total Number of Preferred Shareholders (If
Shareholders at The End of The 173,354 Any) Whose Voting Rights have been 0
Reporting Period Recovered at the End of the Reporting Period
Shareholding list of top ten shareholders (excluding shares lent through stock pledge repos)
Number of Pledges, markings or freezing
Sharehol
Nature of shares held
ding Number of
Name of Shareholder Sharehold with limited State Of
Percenta shares held Quantity
er sales Shares
ge (%)
conditions
Domestic
1,023,868,980 767,901,735.0
Fu Liquan Natural 31.08% Pledge 198,007,693.00
.00 0
Person
State-
China Mobile
owned 293,103,400.0 293,103,400.0 Not
Communications 8.90% 0.00
Legal 0 0 applicable.
Group Co., Ltd.
Person
Domestic
159,975,490.0 Not
Zhu Jiangming Natural 4.86% 0.00 0.00
0 applicable.
Person
Domestic
Chen Ailing Natural 2.16% 71,262,813.00 53,447,110.00 Pledge 31,800,000.00
Person
Wu Jun Domestic 2.10% 69,172,886.00 51,879,664.00 Not 0.00
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2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Natural applicable.
Person
Overseas
Hong Kong Securities Not
Legal 2.06% 67,962,203.00 0.00 0.00
Clearing Co. Ltd. applicable.
Person
National Social Not
Others 1.52% 50,000,000.00 0.00 0.00
Security Fund 103 applicable.
Domestic
Non-state-
China Securities Not
owned 1.20% 39,611,241.00 0.00 0.00
Finance Co., Ltd. applicable.
Legal
Person
Foresea Life
Insurance Company
Not
Ltd.－Dividends Others 0.74% 24,520,824.00 0.00 0.00
applicable.
Paying Insurance
Product
New China Life
Insurance Company
Ltd.－Conventional－ Not
Others 0.74% 24,321,736.00 0.00 0.00
Common Insurance applicable.
Product-018L-CT001
Shenzhen
Shareholding of the top ten shareholders without limited sales condition
Type of shares
Number of shares held without limited sales
Name of Shareholder Type of
condition Quantity
shares
RMB
Fu Liquan 255,967,245.00 common 255,967,245.00
stock
RMB
Zhu Jiangming 159,975,490.00 common 159,975,490.00
stock
RMB
Hong Kong Securities Clearing Co.
67,962,203.00 common 67,962,203.00
Ltd.
stock
RMB
National Social Security Fund 103 50,000,000.00 common 50,000,000.00
stock
RMB
China Securities Finance Co., Ltd. 39,611,241.00 common 39,611,241.00
stock
Foresea Life Insurance Company RMB
Ltd.－Dividends Paying Insurance 24,520,824.00 common 24,520,824.00
Product stock
New China Life Insurance Company
RMB
Ltd.－Conventional－Common
24,321,736.00 common 24,321,736.00
Insurance Product-018L-CT001
stock
Shenzhen
Industrial and Commercial Bank of
RMB
China Limited - Huatai Bairui SSE
21,401,830.00 common 21,401,830.00
300 Exchange Traded Open-Ended
stock
Index Securities Investment Fund
RMB
Chen Ailing 17,815,703.00 common 17,815,703.00
stock
Wu Jun 17,293,222.00 RMB 17,293,222.00
5
2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
common
stock
Description of the association relationship or Mr. Fu Liquan and Ms. Chen Ailing are husband and wife. The
concerted action of above-mentioned Company is unaware of whether other shareholders have
shareholders associated relationship or are persons acting in concert.
Explanation On Top Ten Shareholders’
N/A
Participation In Securities Margin Trading (If Any)
It is hereby stated that, as of March 31, 2024, the Company's
securities repurchase account holds 19,819,601 ordinary A shares
Special Note Regarding Repurchase Accounts of the Company, representing 0.60% of the total shares
Among the Top 10 Unrestricted Shareholders outstanding. As per the requirement, these shares are not
included in the list of the Company's top 10 unrestricted
shareholders.
Participation of shareholders with more than 5% ownership, the top 10 shareholders, and the top 10 shareholders of
unrestricted tradable shares in lending out shares under stock pledge repo transactions.
Applicable □ Not applicable
Unit: share
Participation of shareholders with more than 5% ownership, the top 10 shareholders, and the top 10 shareholders of
unrestricted tradable shares in lending out shares under stock pledge repo transactions.
The total quantity of
The total quantity of Shares lent through Shares lent through
shares held in
shares held in stock pledge repo stock pledge repo
shareholder's ordinary
Name of shareholder's ordinary transactions at the transactions at the end
accounts and credit
Sharehold accounts and credit beginning of the period of the period and not
accounts at the end of
er (full accounts and not yet returned yet returned
the period
name)
Proportion Proportion Proportion Proportion
Total Total Total Total
to total to total to total to total
quantity quantity quantity quantity
shares shares shares shares
Industrial
and
Commerci
al Bank of
China
Limited -
Huatai
Bairui
14,723,73 21,401,83
SSE 300 0.45% 146,800 0.00% 0.74% 23,500 0.00%
0 0
Exchange
Traded
Open-
Ended
Index
Securities
Investmen
t Fund
Changes in the top 10 shareholders and the top 10 shareholders of unrestricted shares occurred compared to the
previous period due to shares lending/return through stock pledge repo transactions.
□ Applicable Not applicable
(II) The total number of preferred shareholders and the shareholdings of the top 10 preferred
shareholders
□ Applicable Not applicable
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2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
III. Other Significant Matters
Applicable □ Not applicable
1. During the reporting period, with the approval of the Company's board of directors, board of supervisors, and
shareholders' meeting, adjustments were made to the investment amount, raised fund investment amount, internal
investment structure, implementation methods and entities, implementation locations, and project names of the
"Construction Project of Xi'an R&D Center" and the "New project of Southwest R&D Center of Dahua Co., Ltd." For
details, see the "Announcement on Adjusting the Investment Amount, Investment Structure, and Increasing the
Implementation Entity and Implementation Location of Some Fundraising Projects" published on Juchao Information
Network (www.cninfo.com.cn) on Jan.13, 2024.
2. To safeguard the interests of all shareholders and based on confidence in the Company's future development
prospects and recognition of the stock's value, the Company has formulated and disclosed the "Quality and Returns
Enhancement" action plan, fulfilling its social responsibility and building a positive market image. For specific details,
see the announcement titled "Announcement on the Quality and Returns Enhancement Action Plan" disclosed on
February 7, 2024, on the Juchao Information Network.
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by: Zhejiang Dahua Technology Co., Ltd.
March 31, 2024
Unit: RMB
Item Closing balance Opening balance
Current Assets:
Cash and Bank Balances 14,199,465,868.93 15,971,005,114.47
Deposit Reservation for Balance
Loans to Banks and Other
Financial Institutions
Trading Financial Assets 1,470,000.00
Derivative Financial Assets
Notes receivable 767,300,740.03 813,039,192.75
Accounts receivable 15,378,632,077.18 16,276,803,954.03
Receivables Financing 814,806,964.89 810,713,267.86
Prepayments 198,133,170.20 189,388,716.99
Premium Receivable
Reinsurance Accounts Receivable
Reinsurance Contract Reserves
Receivable
Other Receivables 324,274,686.40 337,524,688.36
Including: interest receivable
Dividends Receivable 5,784,225.02
Buying Back the Sale of Financial
Assets
Inventory 5,543,183,971.99 5,332,608,544.02
Where: Data resource
Contract Assets 99,422,164.65 86,714,216.34
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2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Holding for-sale assets
Non-current Assets Due within 1
277,160,107.01 303,454,116.40
Year
Other Current Assets 612,350,623.64 939,374,868.31
Subtotal of Current Assets 38,214,730,374.92 41,062,096,679.53
Non-current Assets:
Granting of loans and advances
Investment in Creditor's Rights
Investment in Other Creditor's
Rights
Long-term Receivables 883,538,394.88 946,659,309.70
Long-term Equity Investment 717,303,813.38 727,453,629.75
Investment in Other Equity
Instruments
Other Non-current Financial Assets 1,436,900,926.46 1,535,742,385.71
Investment Property 127,569,047.18 129,637,004.00
Fixed Assets 5,076,482,555.99 4,937,180,876.88
Projects under Construction 1,041,535,172.42 1,008,612,408.49
Productive Biological Assets
Oil and gas assets
Right-of-use Assets 281,925,992.74 299,202,586.56
Intangible Assets 585,269,015.15 594,679,018.11
Where: Data resource
Development Expenditure
Where: Data resource
Goodwill 6,615,294.18 6,615,294.18
Long-term Deferred Expenses 127,374,070.01 135,335,273.95
Deferred Income Tax Assets 1,289,696,865.15 1,287,903,482.65
Other Non-current Assets 150,974,888.47 210,809,264.49
Subtotal of Non-current Assets 11,725,186,036.01 11,819,830,534.47
Total assets 49,939,916,410.93 52,881,927,214.00
Current Liabilities:
Short-term loan 604,352,431.96 957,426,330.18
Borrowings from the Central Bank
Borrowings from Banks and Other
Financial Institutions
Transactional financial liabilities 2,972,175.04 61,400.12
Derivative Financial Liabilities
Notes Payable 3,093,718,421.72 3,296,294,946.26
Accounts Payable 4,936,377,348.03 5,815,123,195.55
Received Prepayments
Contract liabilities 1,151,925,684.82 1,194,534,307.04
Financial Assets Sold for
Repurchase
Deposit Taking and Interbank
Deposit
Receiving from Vicariously Traded
Securities
Receiving from Vicariously Sold
Securities
Payroll payable 816,040,471.66 1,933,955,631.12
Tax Payable 570,197,239.81 1,243,482,361.08
Other Payables 769,086,904.70 812,424,146.52
Including: interest payable
Dividends Payable 23,667,047.02 23,667,047.02
Service Charge and Commission
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2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Payable
Reinsurance Accounts Payable
Holding for-sale liabilities
Non-current Liabilities Due within 1
728,393,008.87 901,722,028.75
Year
Other Current Liabilities 144,933,483.86 155,182,705.02
Subtotal of Current Liabilities 12,817,997,170.47 16,310,207,051.64
Non-current Liabilities:
Insurance Contract Reserves
Long-term loan
Bonds Payable
Including: Preferred Stocks
Perpetual Bonds
Lease Liabilities 149,465,124.25 176,580,049.57
Long-term Payables
Long-term payroll payable
Expected Liabilities 216,493,715.84 224,542,626.90
Deferred Income 161,337,707.12 166,711,673.04
Deferred Income Tax Liabilities 1,002,283.68 737,367.19
Other Non-current Liabilities 108,533,117.92 119,054,046.66
Subtotal of Non-current Liabilities 636,831,948.81 687,625,763.36
Total Liabilities 13,454,829,119.28 16,997,832,815.00
Shareholders' Equity:
Share Capital 3,294,468,990.00 3,294,468,990.00
Other Equity Instruments
Including: Preferred Stocks
Perpetual Bonds
Capital Reserves 7,176,153,592.22 7,124,125,996.49
Less: Treasury Share 746,699,863.45 746,699,863.45
Other Comprehensive Incomes 66,543,921.21 65,993,020.83
Special Reserves
Surplus Reserves 1,647,234,495.00 1,647,234,495.00
General Risk Reserves
Undistributed Profits 23,895,089,171.56 23,334,051,186.55
Total Shareholders' Equity
35,332,790,306.54 34,719,173,825.42
Attributable to the Parent Company
Minority Shareholders' Equity 1,152,296,985.11 1,164,920,573.58
Total Shareholders' Equity 36,485,087,291.65 35,884,094,399.00
Total Liabilities and Shareholders' 49,939,916,410.93
52,881,927,214.00
Equity
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting institution: Zhu Zhuling
2. Consolidated Income Statement
Unit: RMB
Amount Occurred in the Current Amount Occurred in the Previous
Item
Period Period
I. Total Operating Revenue 6,180,916,716.70 6,015,629,882.58
Including: Operating Revenue 6,180,916,716.70 6,015,629,882.58
Interest Income
Earned Premiums
Service Charge and
Commission Income
II. Total Operating Cost 5,849,133,041.74 5,653,548,465.50
Including: Operating Cost 3,591,954,273.10 3,457,338,659.40
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2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Interest Expenditures
Service Charge and
Commission Expenses
Surrender Value
Net Claims Paid
The Net Amount Withdrawn
for Insurance Liability Reserves
Policyholder Dividend
Expense
Reinsurance Cost
Taxes and Surcharges 44,023,549.81 46,837,459.40
Sales Expenses 1,092,762,527.36 978,997,029.62
Administration expenses 243,515,288.59 266,144,460.34
Research and development
929,481,413.25 855,866,109.49
expense
Financial Expenses -52,604,010.37 48,364,747.25
Including: interest
18,148,621.16 31,385,578.66
expenses
Interest Income 88,636,919.16 68,480,455.12
Add: Other income 324,111,658.25 149,138,119.57
Investment Income (Mark "-"
113,539,532.26 -96,942,769.68
for Loss)
Including: Investment
Income from Affiliates and Joint -61,957.49 -83,862,265.62
Ventures
Profits from
recognition Termination of Financial -365,236.35 -74,923.17
Assets at Amortized Cost
Exchange Gains (Mark "-" for
Losses)
Profit of Net Exposure
Hedging (Mark "-" for Loss)
Incomes from changes in fair
-100,469,929.89 145,744,316.06
value (losses marked with "-")
Credit Impairment Losses
-35,543,905.05 -29,328,219.71
(Mark "-" for Loss)
Asset Impairment Losses
-20,132,322.78 -17,382,046.88
(Mark "-" for Loss)
Asset Disposal Income (Mark
430,249.61 1,538,427.95
"-" for Loss)
III. Operating Profit (Mark "-" for
613,718,957.36 514,849,244.39
Loss)
Add: Non-operating Revenues 3,621,238.09 3,195,141.31
Less: Non-operating Expenses 1,516,475.11 1,039,470.65
IV. Total Profit (Mark "-" for Total
615,823,720.34 517,004,915.05
Loss)
Less: Income Tax Expense 29,586,521.43 24,043,355.88
V. Net Profit (Mark "-" for Net Loss) 586,237,198.91 492,961,559.17
(I) Classified by operation
continuity
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2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
1. Net Profit as a Going Concern
586,237,198.91 492,961,559.17
(Mark "-" for Net Loss)
2. Net Profit of Discontinued
Operation (Mark "-" for Net Loss)
(II) Classified by the attribution of
ownership
1. Net Profit Attributable to the
561,037,985.01 495,351,177.84
Parent Company's Owner
2. Minority Shareholders' Profit
25,199,213.90 -2,389,618.67
and Loss
VI. Net Amount of Other
426,836.91 5,226,283.43
Comprehensive Incomes after Tax
Net Amount of Other
Comprehensive Incomes after Tax
550,900.38 5,314,885.10
Attributable to the Parent Company's
Owner
(I) Other comprehensive income
that cannot be reclassified into profit
or loss
1. Re-measure the variation of
the defined benefit plan
2. Other comprehensive
income that cannot be transferred to
P/L under the equity method
3. Changes in the fair value of
investment in other equity
instruments
4. Changes in the fair value of
the credit risk of the enterprise
5. Others
(II) Other comprehensive income
550,900.38 5,314,885.10
that will be reclassified as P/L
1. Other comprehensive
income that can be transferred to P/L
under the equity method
2. Changes in the fair value of
investment in other creditor's rights
3. Financial assets reclassified
into other comprehensive income
4. Provisions for the credit
impairment of investment in other
creditor's rights
5. Cash flow hedge reserves
6. Currency translation
550,900.38 5,314,885.10
difference
7. Others
Net Amount of Other
Comprehensive Incomes After Tax -124,063.47 -88,601.67
Attributable to Minority Shareholders
VII. Total Comprehensive Income 586,664,035.82 498,187,842.60
Total Comprehensive Income
Attributable to the Parent Company's 561,588,885.39 500,666,062.94
Owner
Total Comprehensive Income
25,075,150.43 -2,478,220.34
Attributable to Minority Shareholders
VIII. Earnings per Share:
(I) Basic Earnings per Share 0.17 0.17
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2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
(II) Diluted Earnings per Share 0.17 0.17
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting institution: Zhu Zhuling
3. Consolidated Cash Flow Statement
Unit: RMB
Amount Occurred in the Current Amount Occurred in the Previous
Item
Period Period
I. Cash Flow Generated by
Operational Activities:
Cash from Sales of Merchandise
7,750,834,268.99 7,374,224,734.82
and Provision of Services
Net Increase in Customer's Bank
Deposits and Interbank Deposits
Net Increase in Borrowings from
the Central Bank
Net Increase in Borrowings from
Other Financial Institutions
Cash Arising from Receiving
Premiums for the Original Insurance
Contract
Net Amount Arising from
Reinsurance Business
Net Increase in Deposits and
Investments from Policyholders
Cash Arising from Interests,
Service Charges and Commissions
Net Increase in Borrowings from
Banks and Other Financial
Institutions
Net Increase in Repurchase
Business Funds
Net Amount of Cash Received
from the Vicariously Traded
Securities
Tax Refund 247,299,856.58 331,924,366.01
Other Received Cashes Related to
414,580,279.26 287,656,842.27
Operational Activities
Subtotal of cash inflow from
8,412,714,404.83 7,993,805,943.10
operational activities
Cash Paid for Merchandise and
5,402,014,357.32 6,152,364,623.19
Services
Net Increase in Loans and
Advances to Customers
Net Increase in Deposits with
Central Bank and Other Financial
Institutions
Cash Paid for Original Insurance
Contract Claims
Net increase of funds lent
Cash Paid for Interests, Service
Charges and Commissions
12
2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Cash Paid for Policy Dividends
Cash Paid to and for Employees 2,771,134,201.56 2,348,672,698.05
Cash Paid for Taxes and
1,018,493,205.20 363,575,415.68
Surcharges
Other Paid Cashes Related to
527,739,001.41 468,603,535.80
Operational Activities
Subtotal of cash outflow from
9,719,380,765.49 9,333,216,272.72
operational activities
Net cash flow generated by operating
-1,306,666,360.66 -1,339,410,329.62
activities
II. Cash Flow from Investment
Activities:
Cash Arising from Disposal of
372,086,120.47 521,008,100.64
Investments
Cash Arising from Investment
12,071,453.32 14,620,795.29
Incomes
Net Cash Arising from Disposal of
Fixed Assets, Intangible Assets and 271,780.50 1,871,569.59
Other Long-term Assets
Net Cash Arising from Disposal of
Subsidiaries and Other Business 73,178,296.48
Units
Other Received Cashes Related to
4,330,029.58 6,372,954.21
Investment Activities
Subtotal of cash inflow from
461,937,680.35 543,873,419.73
investment activities
Cash Paid for Purchase and
Construction of Fixed Assets,
313,115,264.69 377,563,502.91
Intangible Assets and Other Long-
term Assets
Cash Paid for Investments 23,334,630.75 198,446,286.75
Net Increase in Pledge Loans
Net Cash Paid for Acquisition of
Subsidiaries and Other Business
Units
Other Paid Cashes Related to
429,000.00 17,634,100.00
Investment Activities
Subtotal of cash outflows from
336,878,895.44 593,643,889.66
investment activities
Net amount of cash flow generated
125,058,784.91 -49,770,469.93
by investment activities
III. Cash Flow from Financing
Activities:
Cash Arising from Absorbing
5,102,048,350.36
Investments
Including: Cash Arising from
Subsidiaries Absorbing Investments 6,049,190.36
by Minority Shareholders
Cash Arising from Borrowings 606,240,500.00 743,145,876.82
Other Received Cashes Related to
Financing Activities
Subtotal of cash inflow from financing
606,240,500.00 5,845,194,227.18
activities
Cash Paid for Debts Repayment 1,144,326,953.83 368,081,000.00
Cash Paid for Distribution of
14,667,873.22 26,707,637.72
Dividends and Profits or Payment of
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2024 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Interests
Including: Dividends and Profits
Paid to Minority Shareholders by
Subsidiaries
Other Paid Cashes Related to
74,980,441.26 50,566,396.23
Financing Activities
Subtotal of cash outflow from
1,233,975,268.31 445,355,033.95
financing activities
Net cash flow generated by financing
-627,734,768.31 5,399,839,193.23
activities
IV. Impact of Fluctuation in Exchange
35,256,031.86 -37,070,716.55
Rate on Cash and Cash Equivalents
V. Net Increase in Cash and Cash
-1,774,086,312.20 3,973,587,677.13
Equivalents
Add: Cash and Cash Equivalents
15,895,161,431.24 7,878,465,052.63
at the Commencement of the Period
VI. Cash and Cash Equivalents at the
14,121,075,119.04 11,852,052,729.76
End of the Period
(II) Adjustments to relevant items in the financial statements at the beginning of the year due
to the first implementation of new accounting standards starting in 2024
□ Applicable Not applicable
(III) Audit Report
Has the first quarter report been audited
□ Yes No
The report for the first quarter has not been audited.
Board of Directors of Zhejiang Dahua Technology Co., Ltd.
Apr. 16, 2024
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