Full text of Report for the First Quarter of 2022 of Zhejiang Dahua Technology Co., Ltd
Stock Code: 002236 Stock Abbreviation: DAHUA Notification No.: 2022-024
Zhejiang Dahua Technology Co., Ltd.
Report for the First Quarter of 2022
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
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 Current Reporting Period
Period Last Year Compared with the Same
Period of the Previous Year
Operating Revenue (RMB) 5,847,968,885.65 5,114,399,101.72 14.34%
Net Profit Attributable to Shareholders of
355,574,576.71 347,573,484.46 2.30%
the Listed Company (RMB)
Net Profit Attributable to Shareholders of
the Listed Company after Deducting 345,713,991.57 311,445,134.94 11.00%
Non-Recurring Gains and Losses (RMB)
Net Cash Flow Generated by Operational
-2,473,101,850.64 -1,327,570,256.40 -86.29%
Activities (RMB)
Basic Earnings per Share (RMB/Share) 0.12 0.12 0.00%
Diluted Earnings per Share (RMB/Share) 0.12 0.12 0.00%
Weighted Average ROE 1.49% 1.74% -0.25%
At the End of the Increase/Decrease at the
At the End of the
Current Reporting End of the Current Reporting
Previous Year
Period Period Compared with the
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Full text of Report for the First Quarter of 2022 of Zhejiang Dahua Technology Co., Ltd
End of the Previous Year
Total Assets (RMB) 42,223,316,353.43 44,055,872,021.97 -4.16%
Owners' Equity Attributable to Shareholders
23,993,341,798.48 23,617,602,513.55 1.59%
of the Listed Company (Unit: RMB)
(II) Non-recurring Gains or Losses and Their Amounts
√ Applicable □ Not applicable
Unit: RMB
Amount in the Current
Item Note
Reporting Period
Profits or losses from disposal of non-current assets (including the write-off for
48,504.93
the impairment provision of accrued assets)
The government subsidies included in the current profits and losses (excluding
the government subsidies closely related to regular businesses of the Company,
72,886,592.31
in line with national policies, and consecutively received by a standard quota or
quantity)
Gains or losses from investment or asset management entrusted to others -71,226,266.34
Gains or losses from debt restructuring -411,312.80
Profits and losses resulting from the changes in fair value for holding trading
financial assets and trading financial liabilities, and investment income from
disposal of trading financial assets, trading financial liabilities, and financial 11,260,956.98
assets available for trading, excluding the effective hedging businesses related
to the regular business operation of the Company
Non-Operating revenue and expenses other than the above 1,209,575.04
Other gains and losses items that fit the definition of non-recurring gains and
515,701.75
losses
Less: Impact of income tax 2,723,803.42
Impact of minority equity (after tax) 1,699,363.31
Total 9,860,585.14 --
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 set out 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 set out 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. Trading financial assets decreased by 43.51% compared with beginning of this year, mainly due to changes in the fair
value of foreign exchange contracts;
2. Other current assets decreased by 42.12% compared with beginning of this year, mainly due to the recovery of RMB
525 million on maturity from reverse repurchase of treasury bonds at the beginning of this period;
3. Short-term loan increased by 294.02% compared with beginning of this year, mainly due to the increase of bank loan in
this period;
4. The salary payable to employees decreased by 66.17% compared with beginning of this year, mainly due to the
issuance of year-end bonus for the previous year in this period;
5. The taxes payable decreased by 36.16% compared with the beginning of this year, mainly due to the decrease in VAT
payable and corporate income tax payable compared with the beginning of this year;
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Full text of Report for the First Quarter of 2022 of Zhejiang Dahua Technology Co., Ltd
6. Non-current liabilities due within one year increased by 60.81% compared with the beginning of this year, mainly due to
the increase of long-term borrowings due within one year in this period;
(II) The changes of items in the income statement and the reasons
1. Taxes and surcharges decreased by 33.54% compared with the same period of previous year, mainly due to the
decrease of turnover tax payable in this period compared with the same period of previous year;
2. Financial expenses increased by 210.78% compared with the same period of previous year, mainly due to the increase
of bank borrowings and corresponding interest expenditures in the period, and the increase of exchange losses compared
with the same period of previous year;
3. Other Income increased by 58.20% compared with the same period of previous year, mainly due to the increase of
value-added tax refund and government subsidies compared with the same period of previous year;
4. Income from changes in fair value decreased by 834.01% compared with the same period of previous year, mainly due
to fair value changes of asset management plans;
5. Credit impairment losses increased by 255.66% compared with the same period of previous year, mainly due to the
increase of bad debts provisions compared with the same period of previous year;
6. Asset impairment losses increased by 180.29% compared with the same period of previous year, mainly due to the
increase of inventory depreciation provisions compared with the same period of previous year;
7. Income from disposal of assets decreased by 94.19% compared with the same period of previous year, mainly due to
the decrease of income from fixed assets disposal compared with the same period of previous year;
8. Income tax expense decreased by 113.59% compared with the same period of previous year, mainly due to the
increase of R&D investment in this period compared with the same period of previous year;
(III) The changes of items in the cash flow statement and the reasons
1. The net amount of cash flow generated by operating activities decreased by 86.29% compared with the same period of
previous year, mainly due to the increase of procurement payments in this period compared with the same period of
previous year;
2. The net amount of cash flow generated by investment activities increased by 117.58% compared with the same period
of previous year, mainly due to the increase of recovery from the reverse repurchase of treasury bonds and the decrease
of entrusted financial management investment in this period compared with the same period of previous 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 Preferred
Shareholders (If Any)
Total Number of Common Shareholders at
153,916 Whose Voting Rights have 0
the End of the Reporting Period
been Recovered at the End
of the Reporting Period
The Shareholdings of the Top 10 Shareholders
Number of Pledged, Marked or Frozen
Shares Held Shares
Nature Of Shareholding Number of
Name of Shareholder with Limited
Shareholder Percentage Shares Held State Of
Sales Number
Conditions Shares
Domestic
Fu Liquan 34.19% 1,023,868,980 767,901,735 Pledge 202,527,942
Natural Person
Domestic
Zhu Jiangming 5.36% 160,577,490 160,577,490 Pledge 22,300,000
Natural Person
Hong Kong Securities Overseas Legal
5.00% 149,794,659 0
Clearing Co. Ltd. Person
Domestic
Chen Ailing 2.38% 71,262,813 53,447,110 Pledge 21,100,000
Natural Person
Domestic
Wu Jun 2.31% 69,250,886 51,938,164
Natural Person
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Full text of Report for the First Quarter of 2022 of Zhejiang Dahua Technology Co., Ltd
National Social Security
Others 1.37% 41,000,969 0
Fund 103
Domestic
China Securities Finance
Non-state-owne 1.32% 39,611,241 0
Co., Ltd.
d Legal Person
China Galaxy Securities State-owned
1.10% 32,962,479 0
Co., Ltd. Legal Person
National Social Security
Others 0.79% 23,657,131 0
Fund 111
Shanghai Greenwoods
Assets Management Co.,
Others 0.69% 20,803,816 0
Ltd. - Greenwoods Global
Fund
Shareholding List of Top Ten Shareholders without Limited Sales Condition
Type of Shares
Number of Shares Held without Limited
Name of Shareholder Type of
Sales Condition Number
Shares
RMB
Fu Liquan 255,967,245 Common 255,967,245
Stock
RMB
Hong Kong Securities Clearing Co. Ltd. 149,794,659 Common 149,794,659
Stock
RMB
National Social Security Fund 103 41,000,969 Common 41,000,969
Stock
RMB
China Securities Finance Co., Ltd. 39,611,241 Common 39,611,241
Stock
RMB
China Galaxy Securities Co., Ltd. 32,962,479 Common 32,962,479
Stock
RMB
National Social Security Fund 111 23,657,131 Common 23,657,131
Stock
RMB
Shanghai Greenwoods Assets Management
20,803,816 Common 20,803,816
Co., Ltd. - Greenwoods Global Fund
Stock
RMB
Chen Ailing 17,815,703 Common 17,815,703
Stock
RMB
Wu Jun 17,312,722 Common 17,312,722
Stock
RMB
National Social Security Fund 101 16,504,516 Common 16,504,516
Stock
Description of the Association Relationship or Mr. Fu Liquan And Ms. Chen Ailing Are Husband and Wife. The Company
Concerted Action of Above-mentioned Is Unaware of Whether Other Shareholders Have Associated
shareholders Relationship or Are Persons Acting in Concert.
Explanation on Top Ten Shareholders’
Participation in Securities Margin Trading N/A
(if any)
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Full text of Report for the First Quarter of 2022 of Zhejiang Dahua Technology Co., Ltd
(II) The total number of preferred shareholders and the shareholdings of the top 10 preferred
shareholders
□ Applicable √ Not applicable
III. Other Significant Matters
√ Applicable □ Not applicable
On March 26, 2021, the Proposal on the Company’s Plan for the Non-public Issuance of Shares in 2021 and other
th th th
related proposals were reviewed and approved at the Company's 12 session of the 7 board of directors and the 8
th
session of the 7 board of supervisors. The company planned to issue 312,151,600 n on-public shares, and the total
amount of funds raised did not exceed RMB 5.6 billion (inclusive). The target company of this non-public issuance is
China Mobile Capital Holdings Co., Ltd., which is the wholly-owned subsidiary of China Mobile Communications Group
Co., Ltd.,. Matters related to the non-public issuance have been reviewed and approved by the 2020 shareholders’
meeting.
The Company disclosed, respectively on June 3, 2021 and June 17, 2021, the Announcement on the Acceptance of
the Non-public Issuance Application by the CSRC and the Announcement on Receiving the First Feedback Given by the
CSRC on the Review of Administrative Permits (Announcement number: 2021-073, 2021-078).
On July 5, 2021, the Proposal on Adjusting the Company’s Plan for the Non-public Issuance of Shares in 2021 and
th th
other proposals related to the issuance were reviewed and approved at the Company’s 19 session of the 7 board of
th th
directors and the 12 session of the 7 board of supervisors. As adjusted, the company planned t o issue no more than
288,624,700 non-public shares, and the total amount of funds raised will not exceed RMB 5.1 billion (inclusive). The target
company of this non-public issuance is China Mobile Capital Holdings Co., Ltd., which is the wholly-owned subsidiary of
China Mobile Communications Group Co., Ltd. On the same day, the Company disclosed the Reply of Zhejiang Dahua
Technology Co., Ltd. to the Feedback on the Application for the Non-public Issuance of Shares.
On November 30, 2021, the Proposal on Adjusting the Company’s Plan for the Non-public Issuance of Shares in
rd th
2021 and other proposals related to the issuance were reviewed and approved at the Company’s 23 session of the 7
th th
board of directors and the 16 session of the 7 board of supervisors. The target company of this non-public issuance was
changed from China Mobile Capital Holding Co., Ltd. to its parent company China Mobile Communications Group Co.,
Ltd.
On April 18, 2022, the application for this non-public issuance was approved by the Issuance Review Committee of
CSRC. Up to now, the Company has not received the written approval from the CSRC with respect to the non-public
issuance. The announcements above have been disclosed through the designated media Securities Times and Juchao
Information Network (http://www.cninfo.com.cn).
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by: Zhejiang Dahua Technology Co., Ltd.
March 31, 2022
Unit: RMB
Item Closing Balance Balance at the Beginning of the Year
Current Assets:
Cash and Bank Balances 7,114,213,174.37 7,731,002,784.77
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Full text of Report for the First Quarter of 2022 of Zhejiang Dahua Technology Co., Ltd
Deposit Reservation for Balance
Loans to Banks and Other Financial Institutions
Trading Financial Assets 1,470,000.00 2,602,173.53
Derivative Financial Assets
Notes Receivable 841,568,346.78 839,861,562.35
Accounts Receivable 13,954,856,127.01 14,654,490,643.49
Receivables Financing 722,233,379.23 792,709,781.57
Prepayments 174,531,107.18 171,034,046.65
Premium Receivable
Reinsurance Accounts Receivable
Reinsurance Contract Reserves Receivable
Other Receivables 570,832,131.78 546,477,779.16
Including: Interest Receivable
Dividends Receivable 7,742,259.20
Buying Back the Sale of Financial Assets
Inventory 6,828,962,941.83 6,810,041,288.82
Contract Assets 172,024,626.82 163,432,100.37
Holding for-sale Assets
Non-current Assets Due within 1 Year 556,848,937.38 602,567,293.78
Other Current Assets 689,066,897.28 1,190,585,874.34
Subtotal of Current Assets 31,626,607,669.66 33,504,805,328.83
Non-current Assets:
Granting of Loans and Advances
Investment in Creditor's Rights
Investment in Other Creditor's Rights
Long-term Receivables 1,794,732,742.56 1,891,368,121.39
Long-term Equity Investment 1,169,098,408.53 1,243,872,752.91
Investment in Other Equity Instruments
Other Non-current Financial Assets 874,265,619.49 945,619,965.97
Investment Property 304,181,103.41 311,065,023.43
Fixed Assets 2,150,045,159.95 2,187,435,714.17
Projects under Construction 2,263,951,816.07 1,992,834,055.03
Productive Biological Assets
Oil and Gas Assets
Right-of-use Assets 256,557,059.44 248,577,371.97
Intangible Assets 580,033,689.64 584,129,741.43
Development Expenditure
Goodwill 42,685,490.30 42,685,490.30
Long-term Deferred Expenses 46,457,081.61 45,876,764.73
Deferred Income Tax Assets 1,016,090,673.13 960,374,829.82
Other Non-current Assets 98,609,839.64 97,226,861.99
Subtotal of Non-current Assets 10,596,708,683.77 10,551,066,693.14
Total Assets 42,223,316,353.43 44,055,872,021.97
Current Liabilities:
Short-term Loan 1,283,126,084.13 325,648,230.98
Borrowings from the Central Bank
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Borrowings from Banks and Other Financial
Institutions
Transactional Financial Liabilities 970,631.82
Derivative Financial Liabilities
Notes Payable 3,761,587,635.35 4,472,998,965.03
Accounts Payable 5,755,383,071.25 7,329,740,650.71
Received Prepayments
Contract Liabilities 862,224,062.71 864,989,993.78
Financial Assets Sold for Repurchase
Deposit Taking and Interbank Deposit
Receiving from Vicariously Traded Securities
Receiving from Vicariously Sold Securities
Payroll Payable 664,507,054.26 1,964,503,166.13
Tax Payable 432,239,222.55 677,076,594.01
Other Payables 669,347,376.00 677,752,701.47
Including: Interest Payable
Dividends Payable 16,060,762.89 16,060,762.89
Service Charge and Commission Payable
Reinsurance Accounts Payable
Holding for-sale Liabilities
Non-current Liabilities Due within 1 Year 1,432,600,581.93 890,848,742.47
Other Current Liabilities 181,398,868.45 208,631,381.45
Subtotal of Current Liabilities 15,043,384,588.45 17,412,190,426.03
Non-current Liabilities:
Insurance Contract Reserves
Long-term Loan 1,892,500,000.00 1,552,500,000.00
Bonds Payable
Including: Preferred Stocks
Perpetual Bonds
Lease Liabilities 144,069,960.96 140,606,139.33
Long-term Payables
Long-term payroll payable
Expected Liabilities 257,237,470.07 297,851,786.62
Deferred Income 101,811,615.23 103,218,676.13
Deferred Income Tax Liabilities 48,218,415.76 61,778,504.44
Other Non-current Liabilities 268,949,421.54 317,381,981.28
Subtotal of Non-current Liabilities 2,712,786,883.56 2,473,337,087.80
Total Liabilities 17,756,171,472.01 19,885,527,513.83
Shareholders' Equity:
Share Capital 2,994,550,730.00 2,994,550,730.00
Other Equity Instruments
Including: Preferred Stocks
Perpetual Bonds
Capital Reserves 2,948,467,564.72 2,939,512,235.75
Less: Treasury Share 277,169,524.09 277,169,524.09
Other Comprehensive Incomes 87,215,171.74 76,005,792.49
Special Reserves
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Full text of Report for the First Quarter of 2022 of Zhejiang Dahua Technology Co., Ltd
Surplus Reserves 1,553,691,005.92 1,553,691,005.92
General Risk Reserves
Undistributed Profits 16,686,586,850.19 16,331,012,273.48
Total Shareholders' Equity Attributable to the Parent
23,993,341,798.48 23,617,602,513.55
Company
Minority Shareholders' Equity 473,803,082.94 552,741,994.59
Total Shareholders' Equity 24,467,144,881.42 24,170,344,508.14
Total Liabilities and Shareholders' Equity 42,223,316,353.43 44,055,872,021.97
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 Amount Occurred in the
Item
Current Period Previous Period
I. Total Operating Revenue 5,847,968,885.65 5,114,399,101.72
Including: Operating Revenue 5,847,968,885.65 5,114,399,101.72
Interest Income
Earned Premiums
Service Charge and Commission Income
II. Total Operating Cost 5,550,713,608.95 4,770,751,992.98
Including: Operating Cost 3,565,578,176.53 3,022,354,395.09
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 30,080,947.54 45,259,450.42
Sales Expenses 932,207,142.40 884,332,162.54
Administration expenses 203,262,314.28 186,886,265.44
Research and development expense 738,282,884.68 605,759,333.31
Financial Expenses 81,302,143.52 26,160,386.18
Including: interest expenses 30,840,382.07 16,480,279.65
Interest Income 47,897,325.35 57,860,554.10
Add: Other income 253,117,253.47 159,998,097.67
Investment Income (Mark "-" for Loss) -59,262,259.80 -74,602,834.57
Including: Investment Income from Affiliates
-72,730,282.72 -89,233,951.37
and Joint Ventures
Profits from recognition Termination of
Financial Assets at Amortized Cost
Exchange Gains (Mark "-" for Losses)
Profit of Net Exposure Hedging (Mark "-" for
Loss)
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Full text of Report for the First Quarter of 2022 of Zhejiang Dahua Technology Co., Ltd
Incomes from changes in fair value (losses
-73,328,943.33 9,990,151.49
marked with "-")
Credit Impairment Losses (Mark "-" for Loss) -69,177,503.05 -19,450,426.80
Asset Impairment Losses (Mark "-" for Loss) -13,355,268.05 -4,764,740.17
Asset Disposal Income (Mark "-" for Loss) 49,193.70 846,368.96
III. Operating Profit (Mark "-" for Loss) 335,297,749.64 415,663,725.32
Add: Non-operating Revenues 2,811,733.82 3,038,549.12
Less: Non-operating Expenses 1,627,282.23 1,862,924.19
IV. Total Profit (Mark "-" for Total Loss) 336,482,201.23 416,839,350.25
Less: Income Tax Expense -7,775,898.37 57,238,292.05
V. Net Profit (Mark "-" for Net Loss) 344,258,099.60 359,601,058.20
(I) Classified by Operation Continuity
1. Net Profit as a Going Concern (Mark "-" for Net
344,258,099.60 359,601,058.20
Loss)
2. Net Profit of Discontinued Operation (Mark "-"
for Net Loss)
(II) Classified by the Attribution of Ownership
1. Net Profit Attributable to the Parent Company's
355,574,576.71 347,573,484.46
Owner
2. Minority Shareholders' Profit and Loss -11,316,477.11 12,027,573.74
VI. Net Amount of Other Comprehensive Incomes after
11,063,697.89 12,073,722.72
Tax
Net Amount of Other Comprehensive Incomes after
11,209,379.25 12,073,650.75
Tax Attributable to the Parent Company's Owner
(1) Other Comprehensive Income that Cannot Be
Reclassified as P/L
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 that will be
11,209,379.25 12,073,650.75
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 Difference 11,209,379.25 12,538,226.45
7. Others -464,575.70
Net Amount of Other Comprehensive Incomes after
-145,681.36 71.97
Tax Attributable to Minority Shareholders
VII. Total Comprehensive Income 355,321,797.49 371,674,780.92
Total Comprehensive Income Attributable to the 366,783,955.96 359,647,135.21
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Parent Company's Owner
Total Comprehensive Income Attributable to
-11,462,158.47 12,027,645.71
Minority Shareholders
VIII. Earnings per Share:
(I) Basic Earnings per Share 0.12 0.12
(II) Diluted Earnings per Share 0.12 0.12
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 Amount Occurred in the
Item
Current Period Previous Period
I. Cash Flow Generated by Operational Activities:
Cash from Sales of Merchandise and Provision of
7,242,389,294.67 6,696,184,907.84
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 317,364,603.31 538,055,790.42
Other Received Cashes Related to Operational
324,680,606.69 54,578,627.89
Activities
Subtotal of Cash Inflow from Operational Activities 7,884,434,504.67 7,288,819,326.15
Cash Paid for Merchandise and Services 6,603,211,625.27 5,193,565,946.56
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
Cash Paid for Policy Dividends
Cash Paid to and for Employees 2,667,673,628.12 2,392,888,197.29
Cash Paid for Taxes and Surcharges 614,940,360.60 562,650,190.08
Other Paid Cashes Related to Operational 471,710,741.32 467,285,248.62
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Full text of Report for the First Quarter of 2022 of Zhejiang Dahua Technology Co., Ltd
Activities
Subtotal of Cash Outflow from Operational Activities 10,357,536,355.31 8,616,389,582.55
Net Cash Flow Generated by Operating Activities -2,473,101,850.64 -1,327,570,256.40
II. Cash Flow from Investment Activities:
Cash Arising from Disposal of Investments 911,736,781.89 290,456,497.18
Cash Arising from Investment Incomes 3,311,145.38 11,560,064.44
Net Cash Arising from Disposal of Fixed Assets,
439,146.60 565,031.37
Intangible Assets and Other Long-term Assets
Net Cash Arising from Disposal of Subsidiaries
and Other Business Units
Other Received Cashes Related to Investment
11,334,113.05 18,821,667.60
Activities
Subtotal of Cash Inflow from Investment Activities 926,821,186.92 321,403,260.59
Cash Paid for Purchase and Construction of Fixed
319,786,267.86 297,175,969.38
Assets, Intangible Assets and Other Long-term Assets
Cash Paid for Investments 382,163,000.00 1,296,000,000.00
Net Increase in Pledge Loans
Net Cash Paid for Acquisition of Subsidiaries and
Other Business Units
Other Paid Cashes Related to Investment
462,782.90 4,604,399.75
Activities
Subtotal of Cash Outflows from Investment Activities 702,412,050.76 1,597,780,369.13
Net Amount of Cash Flow Generated by Investment
224,409,136.16 -1,276,377,108.54
Activities
III. Cash Flow from Financing Activities:
Cash Arising from Absorbing Investments 50,000.00
Including: Cash Arising from Subsidiaries
50,000.00
Absorbing Investments by Minority Shareholders
Cash Arising from Borrowings 2,133,946,000.00 1,729,079,926.55
Other Received Cashes Related to Financing
Activities
Subtotal of Cash Inflow from Financing Activities 2,133,996,000.00 1,729,079,926.55
Cash Paid for Debts Repayment 339,666,000.00 250,000,000.00
Cash Paid for Distribution of Dividends and Profits
22,954,779.00 12,204,555.53
or Payment of Interests
Including: Dividends and Profits Paid to Minority
Shareholders by Subsidiaries
Other Paid Cashes Related to Financing Activities 111,159,788.56 27,392,770.30
Subtotal of Cash Outflow from Financing Activities 473,780,567.56 289,597,325.83
Net Cash Flow Generated by Financing Activities 1,660,215,432.44 1,439,482,600.72
IV. Impact of Fluctuation in Exchange Rate on Cash
-21,562,273.59 -22,308,563.47
and Cash Equivalents
V. Net Increase in Cash and Cash Equivalents -610,039,555.63 -1,186,773,327.69
Add: Cash and Cash Equivalents at the
7,617,576,852.32 7,358,452,769.53
Commencement of the Period
VI. Cash and Cash Equivalents at the End of the
7,007,537,296.69 6,171,679,441.84
Period
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting institution: Zhu Zhuling
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Full text of Report for the First Quarter of 2022 of Zhejiang Dahua Technology Co., Ltd
(II) 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.
April 23, 2022
This document is a translated version of the Chinese version of Report for the First Quarter of 2022 (“2022 年第一季度报
告”), and the published Report for the First Quarter of 2022 in the Chinese version shall prevail.
The complete published Chinese Report for the First Quarter of 2022 may be obtained at http://www.cninfo.com.cn.
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