Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
Stock Code: 002236 Stock Na me: Dahua Technology Announcement No.: 2024-077
Zhejiang Dahua Technology Co., Ltd.
2024 Third Quarter Report
The Company a nd all members of the Board of Directors hereby guarantee that the i nformation disclosed herein is
a uthentic, a ccurate and complete a nd free of a ny false records, misleading statements, or material omissions .
Important Content Reminder:
1. The Boa rd of Di rectors , the Boa rd of Supervisors, di rectors , supervisors and senior management members of the Company
hereby guarantee tha t the informa tion presented in this qua rterl y report is authentic, a ccura te, complete and free of any false
records, misleading statements or material omissions, a nd they will bear joint and several liability for such information.
2. The Company's legal representa ti ve, chief accountant, and person in cha rge of a ccounti ng ins titution (Accounting Offi cer)
hereby declare and warrant that the financial statements i n the quarterly report a re authentic, accurate, a nd complete.
3. Whether the Q3 report has been a udited.
□ Yes No
This document is a translated version of the Chinese version 2024 Q3report("2024 年第三季度报告"), and the
published Q3Report in the Chinese version shall prevail.
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Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
I. Key Financial Data
(I) Key Accounting Data and Financial Indexes
Whether the Company needs retroactive adjustment or restatement of accounting data in prior years or not
□ Yes No
Increase/Decrease of
the Peri od from the
Increase/Decrease of
From the Beginning of Begi nning of the Year
the Current Reporting
Current reporting the Yea r to the End of to the End of the
Peri od Compared with
peri od the Current Reporting Current Reporting
the Sa me Period of the
Peri od Peri od Compared with
Previ ous Year
the Sa me Period of the
Previ ous Year
Opera ting revenue
7,583,459,308.10 -0.80% 22,450,081,877.91 0.77%
(RMB)
Net profit a ttributable
to s ha reholders of the 735,420,826.51 19.75% 2,545,010,271.97 -1.74%
l i sted Company (RMB)
Net profit a ttributable
to s ha reholders of the
l i sted company a fter
499,230,279.03 -22.91% 2,261,467,748.56 -5.87%
deducting non-
recurri ng gains a nd
l osses (RMB)
Net ca s h flow
generated by
— — -124,915,721.70 -109.43%
operational a ctivi ties
(RMB)
Ba s ic Earnings per
0.23 21.05% 0.78 -4.88%
Sha re (RMB/Share)
Di l uted Ea rnings per
0.23 21.05% 0.78 -4.88%
Sha re (RMB/Share)
Wei ghted Average ROE 2.05% 0.17% 7.16% -1.36%
Increase/decrease ra tio at the end of the current
End of thi s reporting
End of the last year reporti ng period compared with the end of last
peri od
yea r
Tota l a ssets (RMB) 50,983,661,105.93 52,881,927,214.00 -3.59%
Owners' Equity
Attri butable to
Sha reholders of the 35,763,617,090.35 34,719,173,825.42 3.01%
Li s ted Company (Unit:
RMB)
(II) Non-recurring Gains and Losses and Their Amounts
Appl icable □ Not a pplicable
Uni t: RMB
The Amount from the
Amount i n the Current Begi nning of the Year to
Item Note
Reporting Period the End of the Current
Reporting Period
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Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
Profi ts or losses from disposal of non-current
a s sets (including the wri te-off for the a ccrued -427,851.56 104,462,047.17
i mpairment of assets)
The government s ubsidies i ncluded in the
current profits a nd l osses (excluding the
government s ubsidies closely related to regular
bus inesses of the Company, i n line with national 30,227,022.82 111,696,703.53
pol icies, entitled to a ccording to the established
s ta ndard, and continuously i mpacting the
Compa ny’s profits and losses)
Profi ts and losses resulting from the changes in
fa i r va lue for fi nancial a ssets and financial
l i abilities held by non-financial enterprises, and
from di sposal of financial a ssets and liabilities, 68,525,969.55 23,031,427.10
excl uding the effective hedging businesses
rel ated to the regular business operation of the
Compa ny
Ga i ns or l osses from i nvestment or asset
177,349,278.44 81,972,848.20
ma nagement entrusted to others
Reversal of the receivables depreciation reserves
1,627,771.57 4,195,555.37
for s eparate impairment test
Profi ts and losses on debt restructuring -70,000.00
Non-Operating Revenue a nd expenses other than
3,731,650.01 7,724,746.02
the a bove
Other ga ins a nd l osses i tems that fit the
-1,833,839.60
defi nition of non-recurring gains a nd l osses
Les s: Impact of income ta x 40,381,267.94 31,937,349.50
Impa ct of mi nority equity (after tax) 4,462,025.41 15,699,614.88
Tota l 236,190,547.48 283,542,523.41 --
Other ga ins or l osses that fit the definition of non-recurring gains or l osses:
□ Appl icable Not a pplicable
The Company has no other gains or losses that fit the definition of non-recurring gains or losses.
Explana tion of si tua tions where non-recurring gains and losses specified i n the No. 1 Explanatory Announcement on Informa tion
Dis closure for Compa nies Issuance Thei r Securi ties to the Publi c - Non-recurring Gains and Losses are classified as recurring gains
a nd l osses
□ Appl icable Not a pplicable
The Company did not define any non-recurring gains and losses listed in the No. 1 Explanatory Announcement on Informa tion
Di s closure for Companies Issuance Their Securities to the Public - Non-recurri ng gains a nd l osses as recurring gains a nd l osses.
(III) The Changes in key accounting data and financial ind exes and the reasons for such changes
Appl icable □ Not a pplicable
(I) The changes in the Balance Sheet items and the reasons for s uch changes
1. Moneta ry funds decreased by 43.87% compa red to the beginning of the year, mainl y due to the purchase of la rge-
denomination certificates of deposit a nd repayment of l oans during the period;
2. Trading financial assets increased by 24,933.41% compa red to the beginning of the year, mainl y due to the adjus tment of the
i nvestments in SMARTSENS to tra ding financial assets for a ccounting purpose;
3. The amount of prepa yments increased by 79.47% compa red to the beginning of the yea r, mainl y due to the increase in
prepa yments for ra w materials;
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Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
4. Di vidends recei vable decreased by 100.00% compa red to the beginning of the yea r, due to the collection of di vidends
recei vable during the period;
5. Other current assets decreased by 31.65% compa red to the beginning of the yea r, mainl y due to the decrease in the amount
of revers e repurchase of national debt a t the end of the period compared to the beginning of the period;
6. Other non-current assets increased by 1,929.06% compa red to the beginning of the yea r, mainl y due to the purchase of la rge-
denomination certificates of deposit from banks;
7. Short-term loans increased by 35.26% compa red to the beginning of the yea r, mainl y due to the increase in the a mount of
di s counted bills compared to the beginning of the period;
8. Trading financial liabilities increased by 5,305.92% compa red to the beginning of the yea r, mainl y due to the change in the fair
va l ue of contingent consideration;
9. Salaries and wages pa ya ble to employees decreased by 50.59% compa red to the beginning of the yea r, mainl y due to the
pa yment of last period's year-end bonuses during the period;
10. Ta xes pa yable decreased by 75.01% compa red to the beginning of the yea r, mainl y due to the decrease in value-added ta x
pa ya ble a nd corporate i ncome tax paya ble at the end of the period compared to the same period l ast year;
11. Non-current liabilities due wi thin one year decreased by 85.73% compa red to the beginning of the yea r, mainl y due to the
repa yment of matured l oans during the period;
12. Lease liabilities decreased by 32.19% compa red to the beginning of the yea r, mainl y due to the pa yment of rental income
duri ng the period;
13. Deferred income ta x liabilities decreased by 38.18% compa red to the beginning of the year, mainl y due to the decrease in
ta xa ble temporary differences;
14. Other comprehensi ve income increased by 74.59% compa red to the beginning of the yea r, mainl y due to the i ncrease in
forei gn currency conversion differences caused by exchange rate fl uctuations.
(II) The changes of i tems i n the income statement and the reasons
1. Interes t expenses decreased by 48.79% compa red to the same peri od las t yea r, prima ril y due to the reduction in borrowings
a nd i nterest expenses during the period;
2. Interest i ncome increased by 64.36% compared to the same period last year, mainly due to th e increase i n deposit i nterest;
3. Investment income increased by 325.33% compa red to the same period las t yea r, mainl y due to the increase in investment
i ncome recognized for the joint-stock companies in the current period compared to the same period l ast year;
4. Gains from changes in fair value decreased by 72.24% compa red wi th the same period last yea r, mainl y due to cha nges in fair
va l ue of tra ding financial a ssets and other non-current financial assets;
5. Credi t impai rment losses increased by 34.94% compa red to the same period last yea r, mainl y due to the increase in a ccrued
ba d debt during the period compared to the same period last year;
6. Non-opera ting revenue i ncreased by 54.94% compa red to the same period last year, mainl y due to the increase in liquida ted
da mages during the period compared to the same period last year;
7. Income ta x expense decreased by 110.80% compa red to the sa me period last yea r, mainl y due to the increase in the key
s oftware enterprises' impact on the i ncome tax during the period compared to the same period last year.
(III) The changes of i tems i n the cash fl ow statement and the reasons
1. Net cash flow from opera ting acti vi ties decreased by 109.43% compa red to the same period last yea r, mainl y due to the
i ncrease in purchasing expenditures, ca sh paid to employees, a nd taxes paid compared to the same period l ast year.
2. Net cash flow from inves ting a cti vi ties decreased by 341.57% compa red to the same period last yea r, mainl y due to the
increase in the expenditure on la rge -denomi nation certifi ca tes of deposit during the period compa red to the same period last
yea r;
3. Net cash fl ow from financing acti vi ties decreased by 178.97% compa red to the same period las t yea r, mainl y due to the receipt
of ra i sed funds a mounting to RMB 50.96 bi llion in the same period last year.
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Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
II. Information on Shareholders
(I) The total number of common stock shareholders, the number of preferred stock shareholders whose
voting rights have been restored, and the shareholdings of the top 10 shareholders
Uni t: s hare
Tota l Number Of Common Tota l Number of Pre ferred Shareholders (If Any)
Sha reholders At The End Of The 182,930 Whos e Voting Rights have been Recovered at the End 0
Reporting Period of the Reporting Period
Sha reholdings of the top 10 s hareholders (excluding shares lent by refinancing)
Number of Pl edges, ma rkings or freezings
Na me of Na ture of Sha reholding Number of s ha res held
Sha reholder Sha reholder Percentage s ha res held wi th l imited Sta te Of Shares Qua ntity
s a les conditions
Domestic
Fu Li quan 31.10% 1,023,868,980 767,901,735 Pl edge 154,200,000
Na tural Person
Chi na Mobile
Communication Sta te-owned
8.90% 293,103,400 293,103,400 Not a pplicable 0
s Group Co., Lega l Person
Ltd.
Domestic
Zhu Ji angming 4.82% 158,669,490 0 Not a pplicable 0
Na tural Person
Domestic
Chen Ai ling 2.16% 71,262,813 53,447,110 Pl edge 31,800,000
Na tural Person
Domestic
Wu Jun 2.10% 69,172,886 51,879,664 Not a pplicable 0
Na tural Person
Hong Kong
Securi ties Overs eas Legal
2.05% 67,632,357 0 Not a pplicable 0
Cl ea ring Co. Pers on
Ltd.
Chi na
Domestic Non-
Securi ties
s ta te-owned 1.20% 39,611,241 0 Not a pplicable 0
Fi nance Co.,
Lega l Person
Ltd.
Industrial and
Commercial
Ba nk of China
Li mi ted -
Hua tai-
Pi neBridge CSI
Others 1.17% 38,501,630 0 Not a pplicable 0
300 Excha nge-
tra ded Open-
end Index
Securi ties
Investment
Fund
FORESEA Li fe
Ins urance
Compa ny
Others 1.07% 35,219,084 0 Not a pplicable 0
Li mi ted -
pa rti cipating
i ns urance
Chi na
Cons truction
Others 0.77% 25,240,743 0 Not a pplicable 0
Ba nk Stock
Corpora tion - E
5
Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
Fund CSI 300
Excha nge
Tra ded Open-
End Index-
Ini tiated
Securi ties
Investment
Fund
Sha reholding of the top 10 unlimited sale condition shareholders (excluding shares l ent through refinancing and lock-up s hares
for s enior management)
Number of shares held without limited sales Types a nd quantities of shares
Na me of Shareholder
condi tion Type of s hares Qua ntity
RMB common
Fu Li quan 255,967,245 255,967,245
s tock
RMB common
Zhu Ji angming 158,669,490 158,669,490
s tock
Hong Kong Securities Cl earing Co. RMB common
67,632,357 67,632,357
Ltd. s tock
RMB common
Chi na Securities Finance Co., Ltd. 39,611,241 39,611,241
s tock
Industrial and Commercial Bank of
Chi na Limited - Huatai-PineBridge
RMB common
CSI 300 Excha nge-traded Open- 38,501,630 38,501,630
s tock
end Index Securities Investment
Fund
FORESEA Li fe Insurance Company RMB common
35,219,084 35,219,084
Li mi ted - participating insurance s tock
Chi na Construction Bank Stock
Corpora tion - E Fund CSI 300
RMB common
Excha nge Traded Open-End Index- 25,240,743 25,240,743
s tock
Ini tiated Securities Investment
Fund
RMB common
Na ti onal Social Security Fund 103 25,000,000 25,000,000
s tock
New Chi na Li fe Insurance
Compa ny Li mited - Tra ditional - RMB common
24,321,736 24,321,736
general i nsurance - 018L-CT001 s tock
Shen
New Chi na Li fe Insurance
Compa ny Li mited - dividend- RMB common
21,146,696 21,146,696
pers onal dividend - 018L-FH002 s tock
Shen
Mr. Fu Li quan and Ms . Chen Ai ling a re husband and wife. The Company
Des cription of the a ssociation relationship or
Is Unaware Of Whether Other Shareholders Have Associated
concerted action of above-mentioned s hareholders
Rel ationship Or Are Persons Acti ng In Concert
Expl a nation On Top Ten Shareholders’ Participation In
Not a pplicable
Securi ties Ma rgin Trading (If Any)
Sha reholders holding more than 5% of sha res , the top 10 s hareholders and the top 10 sha reholders wi thout limi ted outstanding
s ha res participating in the l ending of shares through refinancing
Appl icable □ Not a pplicable
Uni t: s hare
Sha reholders holding more than 5% of shares, the top 10 s hareholders and the top 10 s hareholders without limited outstanding
s ha res participating in the l ending of shares through refinancing
Na me of Sha res held i n ordinary Sha res l ent through Sha res held i n ordinary Sha res l ent through
Sha reholde a ccounts a nd credit refi nancing but have not a ccounts a nd credit refi nancing but have not
6
Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
r (ful l a ccounts a t the beginning been returned yet a t the a ccounts a t the end of the been returned yet a t the
na me) of the period begi nning of the period peri od end of the period
Proporti on Proporti on Proporti on Proporti on
Tota l to tota l Tota l to tota l Tota l to tota l Tota l to tota l
qua ntity s ha re qua ntity s ha re qua ntity s ha re qua ntity s ha re
ca pi tal ca pi tal ca pi tal ca pi tal
Industrial
a nd
Commercia
l Ba nk of
Chi na
Li mi ted -
Hua tai-
Pi neBridge
14,723,730 0.45% 146,800 0.00% 38,501,630 1.17% 0 0.00%
CSI 300
Excha nge-
tra ded
Open-end
Index
Securi ties
Investment
Fund
Chi na
Cons tructio
n Ba nk - E
Fund CSI
300
Excha nge
Tra ded
Open
5,466,300 0.17% 83,900 0.00% 25,240,743 0.77% 0 0.00%
Index-
s ponsored
Securi ties
Investment
Stock
Corpora tio
n
Fund
Cha nges in top 10 s hareholders and top 10 s hareholders without li mited outs tanding sha res over the previous period due to
refi nancing, lending/returning
□ Appl icable Not a pplicable
(II) The total number of preferred stock shareholders and the shareholdings of th e top 10 preferred stock
shareholders
□ Appl icable Not a pplicable
III. Other Significant Matters
Appl icable □ Not a pplicable
1. Duri ng the reporting period, the company, a fter joint review and approval by the Boa rd of Di rectors and the general meeting
of sha reholders , implemented the 2024 semi-annual profi t dis tribution s cheme. Based on the company's sha re ca pital of
3,272,527,089 sha res a fter deducting the repurchased sha res, a cash di vidend of 1.84 Yuan (ta x included) will be dis tributed to
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Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
all sha reholders for every 10 sha res owned, totaling 602,144,984.38 Yuan in cash di vi dends . This dis tribution will not invol ve the
conversion of ca pital reserve into sha re capital and will not issue bonus sha res ; the remaining undistributed profi t will be
res erved for s ubsequent distribution.
2. Duri ng the reporti ng period, the company implemented the semi -annual profit dis tribution plan. According to the provisions
of the Stock Option and Res tri cted Sha re Incenti ve Plan (Dra ft Revised) for 2022, and wi th the authori zation of the company's
Annual General Meeti ng of Sha reholders for 2021, the exercise pri ce of s tock options was jointl y reviewed and approved by the
Boa rd of Directors, a nd i t has been a djusted from 15.657 Yua n/share to 15.473 Yuan/share.
3. The exercise condi tions for the second exercise peri od of the company's 2022 s tock option and restri cted sha re incenti ve p lan
ha ve been met. The exercise period is from Jul y 11, 2024 to Jul y 10, 2025. The exercise method is volunta ry exercise. For details,
please refer to the "Indi ca ti ve Announcement on the Volunta ry Exercise of the Second Exercise Peri od of the 2022 Stock Option
and Restri cted Sha re Incenti ve Plan" disclosed by the company on Juchao Informa tion Network on Jul y 10, 2024. As of
September 30, 2024, 12,380 s tock options ha ve been exercised in the second exercise period, and the company's total sha re
ca pi tal has increased from 3,292,334,310 s hares to 3,292,346,690 s hares.
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepa red by: Zhejiang Dahua Technology Co., Ltd.
September 30, 2024
Uni t: RMB
Item Cl os ing Balance Opening Balance
Current As sets:
Ca s h a nd Bank Balances 8,965,269,014.67 15,971,005,114.47
Deposit Reservation for Balance
Loa ns to Banks a nd Other Fi nancial
Ins titutions
Tra di ng Financial Assets 367,991,114.86 1,470,000.00
Deri vative Financial Assets
Notes receivable 608,434,973.63 813,039,192.75
Accounts receivable 17,181,089,487.07 16,276,803,954.03
Receivables Financing 723,159,318.96 810,713,267.86
Prepa yments 339,901,304.33 189,388,716.99
Premi um Receivable
Rei nsurance Accounts Receivable
Rei nsurance Contract Reserves
Receivable
Other Receivables 316,275,940.02 337,524,688.36
Incl uding: i nterest receivable
Di vi dends Receivable 5,784,225.02
Buyi ng Back the Sale of Financial
As s ets
Inventory 6,019,242,901.64 5,332,608,544.02
Among them: Data resources
Contra ct As sets 100,133,893.54 86,714,216.34
Hol ding for-sale assets
Non-current Assets Due within 1 Yea r 257,042,202.23 303,454,116.40
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Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
Other Current Assets 642,057,999.35 939,374,868.31
Subtotal of Current Assets 35,520,598,150.30 41,062,096,679.53
Non-current Assets:
Gra nting of loans a nd advances
Investment in Creditor's Rights
Investment in Other Creditor's Rights
Long-term Receivables 796,816,674.37 946,659,309.70
Long-term Equity Investment 726,998,235.10 727,453,629.75
Investment in Other Equity
Ins truments
Other Non-current Financial Assets 1,187,293,242.95 1,535,742,385.71
Investment Property 141,574,760.35 129,637,004.00
Fi xed Assets 4,955,756,535.70 4,937,180,876.88
Projects under Construction 1,228,521,630.12 1,008,612,408.49
Producti ve Biological Assets
Oi l a nd gas assets
Ri ght-of-use a sset 245,133,098.36 299,202,586.56
Inta ngible Assets 577,526,998.01 594,679,018.11
Among them: Data resources
Development Expenditure
Among them: Data resources
Goodwill 6,615,294.18 6,615,294.18
Long-term Deferred Expenses 111,399,790.46 135,335,273.95
Deferred Income Tax As sets 1,207,979,205.30 1,287,903,482.65
Other Non-Current Assets 4,277,447,490.73 210,809,264.49
Subtotal of Non-current Assets 15,463,062,955.63 11,819,830,534.47
Tota l a ssets 50,983,661,105.93 52,881,927,214.00
Current Li abilities:
Short-term loan 1,295,000,000.00 957,426,330.18
Borrowi ngs from the Central Bank
Borrowi ngs from Banks and Other
Fi nancial Institutions
Tra ns actional financial l iabilities 3,319,240.55 61,400.12
Deri vative Financial Liabilities
Notes Payable 3,603,100,014.98 3,296,294,946.26
Accounts Payable 5,252,853,406.31 5,815,123,195.55
Received Prepayments
Contra ct l iabilities 1,125,435,556.31 1,194,534,307.04
Fi nancial Assets Sold for Repurchase
Deposit Ta king and Interbank Deposit
Receiving from Vicariously Tra ded
Securi ties
Receiving from Vicariously Sold
Securi ties
Pa yrol l payable 955,527,886.37 1,933,955,631.12
Ta x Pa ya ble 310,771,093.78 1,243,482,361.08
Other Pa ya bles 594,647,826.15 812,424,146.52
Incl uding: i nterest payable
Di vi dends Payable 22,951,560.23 23,667,047.02
Servi ce Charge and Commission
Pa ya ble
Rei nsurance Accounts Payable
Hol ding for-sale liabilities
Non-current Liabilities Due within 1
128,691,999.39 901,722,028.75
Yea r
Other Current Li abilities 140,723,666.93 155,182,705.02
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Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
Subtotal of Current Li abilities 13,410,070,690.77 16,310,207,051.64
Non-current Liabilities:
Ins urance Contract Reserves
Long-term loan
Bonds Payable
Incl uding: Preferred Stocks
Perpetual Bonds
Lea se l iabilities 119,740,094.32 176,580,049.57
Long-term Payables
Long-term payroll payable
Expected Liabilities 228,258,336.04 224,542,626.90
Deferred Income 160,049,024.56 166,711,673.04
Deferred Income Tax Li abilities 455,839.92 737,367.19
Other Non-current Liabilities 110,004,972.43 119,054,046.66
Subtotal of Non-current Liabilities 618,508,267.27 687,625,763.36
Tota l Li abilities 14,028,578,958.04 16,997,832,815.00
Sha reholders' Equity:
Sha re Capital 3,292,346,690.00 3,294,468,990.00
Other Equity Instruments
Incl uding: Preferred Stocks
Perpetual Bonds
Ca pi tal Reserves 7,245,483,824.19 7,124,125,996.49
Les s: Treasury Share 564,654,524.63 746,699,863.45
Other Comprehensive Incomes 115,214,246.57 65,993,020.83
Special Reserves
Surpl us Reserves 1,647,234,495.00 1,647,234,495.00
General Risk Reserves
Undi stributed Profits 24,027,992,359.22 23,334,051,186.55
Tota l Shareholders' Equity Attributable
35,763,617,090.35 34,719,173,825.42
to the Pa rent Company
Mi nori ty Shareholders' Equity 1,191,465,057.54 1,164,920,573.58
Tota l Shareholders' Equity 36,955,082,147.89 35,884,094,399.00
Tota l Li abilities and Shareholders' Equity 50,983,661,105.93 52,881,927,214.00
Lega l representative: Fu Li quan Statutory representative: Xu Qiaofen Pers on i n charge of the a ccounting i nstitution: Zhu Zhuling
2. Consolidated Income Statement for the Period from the Beginning of the Year to the End of the Reporting
Period
Uni t: RMB
Item Amount Occurred in the Current Period Amount Occurred in the Previous Period
I. Tota l Operating Revenue 22,450,081,877.91 22,278,484,044.04
Incl uding: Operating Revenue 22,450,081,877.91 22,278,484,044.04
Interest Income
Ea rned Premiums
Servi ce Charge and
Commi ssion Income
II. Total Operating Cost 20,479,553,255.38 19,682,357,352.26
Incl uding: Operating Cost 13,289,136,725.24 12,777,077,332.38
Interest Expenditures
Servi ce Charge and
Commi ssion Expenses
Surrender Value
Net Cl a ims Pa id
Extra cted Net Amount of
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Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
Res erve for Insurance Li ability
Pol i cyholder Dividend Expense
Rei nsurance Cost
Ta xes a nd Surcharges 158,769,418.18 177,294,208.00
Sa l es Expenses 3,517,742,685.53 3,425,427,717.75
Admi nistration expenses 791,951,815.79 864,955,493.63
Res earch a nd development
2,963,468,860.53 2,747,587,038.30
expense
Fi nancial costs -241,516,249.89 -309,984,437.80
Incl uding: i nterest expenses 39,674,726.41 77,474,478.95
Interest Income 321,556,480.66 195,636,440.39
Add: Other i ncome 715,671,983.83 620,883,016.92
Investment Income (Mark "-" for
200,387,783.50 -88,930,817.84
Los s )
Incl uding: Investment
Income from Affiliates and Joint 14,333,289.80 -220,706,198.89
Ventures
Profi ts from
recognition Termination of Financial -868,841.91 -315,687.54
As s ets at Amortized Cost
Excha nge Gains (Mark "-" for
Los s es)
Profi t of Net Exposure Hedging
(Ma rk "-" for Loss)
Incomes from changes in fair
23,044,036.30 83,022,903.98
va l ue (losses marked with "-")
Credi t Impairment Losses (Mark
-273,581,881.25 -202,741,060.32
"-" for Los s)
As s et Impairment Losses (Mark "-
-68,754,496.66 -80,391,199.99
" for Los s)
As s et Disposal Income (Mark "-"
1,177,286.72 1,560,039.61
for Los s)
III. Operating Profit (Mark "-" for Loss) 2,568,473,334.97 2,929,529,574.14
Add: Non-operating Revenues 11,576,723.73 7,471,604.33
Les s: Non-operating Expenses 5,200,907.98 5,181,888.81
IV. Tota l Profit (Mark "-" for Total Loss) 2,574,849,150.72 2,931,819,289.66
Les s: Income Tax Expense -24,330,512.03 225,322,486.28
V. Net Profi t (Ma rk "-" for Net Loss) 2,599,179,662.75 2,706,496,803.38
(I) Cl a ssified by operation continuity
1. Net Profi t as a Going Concern
2,599,179,662.75 2,706,496,803.38
(Ma rk "-" for Net Loss)
2. Net Profi t of Discontinued
Opera tion (Ma rk "-" for Net Loss)
(II) Cl assified by the a ttribution of
ownership
1. Net Profi t Attributable to
Sha reholders of Parent Company (Net 2,545,010,271.97 2,590,132,339.63
Los s to be filled in a s “-”)
2. Mi nority Shareholders' Profit and
54,169,390.78 116,364,463.75
Los s (Net Loss to be filled i n as "-”)
VI. Net Amount of Other Comprehensive
48,910,092.07 -199,810.57
Incomes after Tax
11
Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
Net Amount of Other Comprehensive
Incomes after Tax Attri butable to the 49,221,225.74 -56,871.07
Pa rent Company's Owner
(I) Other comprehensive income
tha t ca nnot be reclassified into profit or 941,710.18
l oss
1. Re-measure the va riation of
the defined benefit plan
2. Other comprehensive income
tha t ca nnot be tra nsferred to P/L under 941,710.18
the equity method
3. Cha nges in the fair va lue of
i nvestment i n other equity i nstruments
4. Cha nges in the fair va lue of the
credi t ri sk of the enterprise
5. Others
(II) Other comprehensive income
49,221,225.74 -998,581.25
tha t wi ll be reclassified as P/L
1. Other comprehensive income
tha t ca n be transferred to P/L under the
equity method
2. Cha nges in the fair va lue of
other creditor i nvestments
3. Fi nancial assets reclassified
i nto other comprehensive income
4. Provi s ions for the credit
i mpairment of investment i n other
credi tor's ri ghts
5. Ca s h flow hedge reserves
6. Foreign currency financial
49,221,225.74 -998,581.25
s ta tement conversion difference
7. Others
Net Amount of Other Comprehensive
Incomes After Ta x Attributable to -311,133.67 -142,939.50
Mi nori ty Shareholders
VII. Total Comprehensive Income 2,648,089,754.82 2,706,296,992.81
(I) Tota l Comprehensive Income
Attri butable to the Owner of the Pa rent 2,594,231,497.71 2,590,075,468.56
Compa ny
(II) Total Comprehensive Income
53,858,257.11 116,221,524.25
Attri butable to Minority Shareholders
VIII. Earnings per Share:
(I) Ba sic Earnings per Share 0.78 0.82
(II) Diluted Ea rnings per Share 0.78 0.82
Lega l representative: Fu Li quan Statutory representative: Xu Qiaofen Pers on i n charge of the a ccounting i nstitution: Zhu Zhuling
3. Consolidated Cash Flow Statement for the Period from the Beginning of the Year to the End of the
Reporting Period
Uni t: RMB
Item Amount Occurred in the Current Period Amount Occurred in the Previous Period
I. Ca s h Flow Generated by Operational
Acti vi ti es:
Ca s h from Sales of Merchandise and
23,953,796,287.86 23,883,101,840.08
Provi s ion of Services
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Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
Net Increase i n Customer's Bank
Deposits a nd Interbank Deposits
Net Increase i n Borrowings from the
Centra l Bank
Net Increase i n Borrowings from
Other Fi nancial Institutions
Ca s h Arising from Receiving Premiums
for the Ori ginal Insurance Contract
Net Amount Arising from Reinsurance
Bus iness
Net Increase i n Deposits and
Investments from Policyholders
Ca s h Arising from Interests, Service
Cha rges and Commissions
Net Increase i n Borrowings from
Ba nks and Other Financial Institutions
Net Increase i n Repurchase Business
Funds
Net Amount of Ca sh Received from
the Vi cariously Tra ded Securities
Ta x Refund 913,794,211.98 829,406,103.23
Other Ca s h Receipts Relating to
1,053,722,520.92 930,003,416.52
Opera ting Activities
Subtotal of ca sh inflow from operational
25,921,313,020.76 25,642,511,359.83
a cti vi ties
Ca s h Paid for Merchandise a nd
16,171,889,578.67 15,829,648,766.62
Servi ces
Net Increase i n Loans and Advances to
Cus tomers
Net Increase i n Deposits with Central
Ba nk a nd Other Financial Institutions
Ca s h Paid for Ori ginal Insurance
Contra ct Cl aims
Net i ncrease of funds lent
Ca s h Paid for Interests, Service
Cha rges and Commissions
Ca s h Paid for Policy Dividends
Ca s h Paid to and for Employees 6,181,340,629.44 5,476,008,617.90
Ca s h Paid for Ta xes a nd Surcharges 1,947,752,603.44 1,390,361,176.28
Other Ca s h Payments Relating to
1,745,245,930.91 1,621,240,560.55
Opera ting Activities
Subtotal of ca sh outflow from
26,046,228,742.46 24,317,259,121.35
operational a ctivi ties
Net ca s h flow generated by operating
-124,915,721.70 1,325,252,238.48
a cti vi ties
II. Ca s h Flow from Investment Activities:
Ca s h Arising from Disposal of
4,389,058,802.53 1,275,269,172.84
Investments
Ca s h Arising from Investment Incomes 23,994,083.48 28,199,284.38
Net Ca s h Arising from Disposal of
Fi xed Assets, Intangible Assets a nd Other 1,475,177.62 3,985,726.76
Long-term Assets
Net Ca s h Arising from Disposal of 73,178,296.48
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Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
Subs idiaries and Other Business Units
Other Ca s h Receipts Relating to
30,549,909.77 7,731,220.78
Investing Activities
Subtotal of ca sh inflow from i nvestment
4,518,256,269.88 1,315,185,404.76
a cti vi ties
Ca s h Paid for Purchase a nd
Cons truction of Fixed As sets, Intangible 742,666,230.32 1,020,886,264.64
As s ets and Other Long-term Assets
Ca s h Paid for Investments 8,236,759,253.43 1,223,451,286.75
Net Increase i n Pl edge Loans
Net Ca s h Paid for Acquisition of
Subs idiaries and Other Business Units
Other Ca s h Payments Relating to
6,082,657.62 82,528,381.07
Investing Activities
Subtotal of ca sh outflows from
8,985,508,141.37 2,326,865,932.46
i nvestment a ctivities
Net a mount of cash flow generated by
-4,467,251,871.49 -1,011,680,527.70
i nvestment a ctivities
III. Ca sh Flow from Financing Acti vities:
Ca s h Arising from Absorbing
193,833.66 5,505,773,563.01
Investments
Incl uding: Ca sh Arising from
Subs idiaries Absorbing Investments by 409,774,403.01
Mi nori ty Shareholders
Ca s h Arising from Borrowings 2,214,437,200.00 2,373,225,673.47
Other Ca s h Receipts Relating to
Fi nancing Acti vities
Subtotal of ca sh inflow from financing
2,214,631,033.66 7,878,999,236.48
a cti vi ties
Ca s h Paid for Debts Repayment 2,661,814,753.64 3,067,680,609.51
Ca s h Paid for Distribution of Dividends
1,889,155,961.29 850,997,501.96
a nd Profits or Payment of Interests
Incl uding: Di vidends a nd Profits
Pa i d to Minority Shareholders by 7,978,707.94 1,104,770.95
Subs idiaries
Other Pa i d Cashes Related to
172,595,533.37 783,092,316.63
Fi nancing Acti vities
Subtotal of ca sh outflow from financing
4,723,566,248.30 4,701,770,428.10
a cti vi ties
Net ca s h flow generated by fi nancing
-2,508,935,214.64 3,177,228,808.38
a cti vi ties
IV. Impact of Fluctuation in Exchange
83,152,871.90 18,635,906.58
Ra te on Ca sh a nd Ca sh Equivalents
V. Net Increase in Ca sh a nd Ca sh
-7,017,949,935.93 3,509,436,425.74
Equi valents
Add: Ca s h and Cash Equivalents at the
15,880,659,594.95 7,878,465,052.63
Commencement of the Period
VI. Ca s h and Cash Equivalents at the End
8,862,709,659.02 11,387,901,478.37
of the Peri od
(II) Adjustments to relevant items of financial statements as of the beginning of the year in
which the new accounting standards are first implemented starting in 2024
□ Appl icable Not a pplicable
14
Zheji a ng Da hua Technol ogy Co., Ltd. 2024 Thi rd Qua rter Report
(III) Audit Report
Whether the Q3 report has been audited.
□ Yes No
The Q3 report of the Company has not been audited yet.
Board of Directors of Zhejiang Dahua Technology Co., Ltd.
October 26, 2024
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