Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
广东东方精工科技股份有限公司
英文季度报披露说明
近年来中国资本市场持续加大对外开放力度，鼓励境外投资者更多参与，东方精工科技
股份有限公司（以下简称“公司”）为更好地服务越来越多的境外投资者，让境外投资者更便
捷地获取公司经营与财务等方面信息，同时也更充分地向境外投资者传递公司的投资价值，
提升公司国际化水平，公司披露《2020年第三季度报告》的英文版本。
本次报告翻译中，涉及众多瓦楞包装机械行业和财务会计方面的专业术语。虽然公司已
尽力确保原文内容得到准确的转译，但仍可能会存在不恰当之处。公司在此声明：如果您在
阅读《2020年第三季度报告》的中文、英文文本的过程中，在对文本的理解上发生歧义时，
以中文文本为准。
In recent years, China's capital market continues to open to the outside world and encouraged
foreign investors to participate in the financial market of China. Guangdong Dongfang Precision
Science & Technology Co., Ltd. (hereinafter referred to as “the company”) discloses its Q3 2020
Report in English, that we believe can enables for foreign investors to obtain information about the
company's operation and finance more conveniently, and fully convey the investment value of the
company to them, and at the same time help continuously improving the company's international
level.
As the report involves many professional terms translation of Corrugated packaging machinery
industry and financial accounting, the company has made great efforts to ensure the accurate
translation of the original content, but there may still be some inadequacies.
The company hereby declares that in case of a ny ambiguity in your understanding of the Chinese
version and English version of the Q3 2020 Report, the Chinese version shall prevail.
1
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Guangdong Dongfang Precision Science&Technology Co., Ltd.
Q3 2020 Report
October 2020
2
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Section 1 Important Notice
The company's board of directors, board of supervisors, directors, supervisors,
and senior management ensure that the contents of the quarterly report are true,
accurate, and complete, that there are no false records, misleading statements,
or major omissions, and if there are any, we shall bear individual and joint legal
responsibilities.
All the directors attended the board meeting to review this quarterly report.
Tang Zhuolin, person in charge of the company, Qiu Yezhi, person in charge of
accounting work, and Qiu Yezhi, person in charge of accounting institutions
(accounting officer) hereby confirm that the financial report in the quarterly
report is true, accurate and complete.
3
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Section 2 Basic information of the company
I. Main Accounting Data and Financial Indicators
Does the company need to retroactively adjust or restate previous year's accounting data
□ YES √ NO
At the end of the reporting
At the end of last year Increase/decrease
period
Total assets (yuan) 6,310,617,968.46 6,273,516,157.31 0.59%
Net assets attributable to
shareholders of the listed company 4,282,835,760.02 4,337,064,607.87 -1.25%
(yuan)
Increase/decrease in
Increase/decrease in
Year-begin to end of comparison with
the reporting period comparison with same
the reporting period year-begin to
period of last year
Period-end of last year
Operating income (yuan) 774,467,679.35 -76.96% 1,951,958,904.48 -74.82%
Net profit attributable to
shareholders of the listed company 98,519,590.30 -53.70% 225,718,052.39 -42.88%
(yuan)
Net profit attributable to
shareholders of the listed company
80,885,127.45 -59.28% 161,903,803.31 -55.62%
after deducting non-recurring gains
and losses (yuan)
Net cash flow from operating
219,576,247.92 117.38% 248,985,657.24 -83.62%
activities (yuan)
Basic earnings per share (yuan /
0.07 -41.67% 0.15 -31.82%
share)
Diluted earnings per share (yuan /
0.07 -41.67% 0.15 -31.82%
share)
Weighted average return on net
2.22% -2.76% 5.23% -4.17%
assets
Non-recurring items and amounts
√ Applicable □ Not applicable
4
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Unit: RMB yuan
Amount from year-begin to
Item Explanation
end of the reporting period
Gains/losses from the disposal of non-current asset (including the
-2,291.96
write-off that accrued for impairment of assets)
Government subsidies included in the current profit and loss
(closely related to the business of the enterprise, except for
8,423,825.78
government subsidies that are fixed or quantified according to the
national unified standard)
Gains or losses from changes in fair value arising from the
During the reporting period, the
holding of trading financial assets, derivative financial assets, company carried out financial
investment activities such as
trading financial liabilities, derivative financial liabilities, and securities investment and
investment income from the disposal of trading financial assets, entrusted wealth management as
63,750,591.09 authorized by the General
derivative financial assets, trading financial liabilities, derivative Meeting of Shareholders and the
financial liabilities, and other debt investments, except for Board of Directors, which
resulted in an increase in
effective hedging activities related to the Company's normal investment income as compared
operations with the same period last year.
Other non-operating income and expenses other than the above 588,949.31
Deduct: the amount of income tax impact 8,813,666.38
Minority shareholders' equity impact (after tax) 133,158.76
In total 63,814,249.08 --
For the company's non-recurring gains and losses items defined by the "Announcement No. 1 of Information Disclosure by
Companies Offering Securities to the Public — Non-recurring Gains and Losses" and the non-recurring gains and losses items
defined by "Announcement No. 1 of Information Disclosure by Companies Offering Securities to the Public —Non-recurring Gains
and Losses" as recurring gains and losses, the reasons should be explained
□ Applicable √ Not applicable
During the reporting period of the company, there were no situations in which the non-recurring gains and losses items listed in
accordance with the definition of "Announcement No. 1 of Information Disclosure by Companies Offering Securities to the Public —
Non-recurring Gains and Losses" were defined and listed as recurring gains and losses
5
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
II. The changes of the main financial indicators in the reporting period compared with t he
data in the same period last year after being adjusted according to comparable standards.
In view of the change in the scope of the company's consolidated financial statements during the reporting period compared
with the same period last year: Beijing Pride New Energy Battery Technology Co., Ltd.( hereinafter referred to as "Pride”) was
included in the company's consolidated financial statements in the first three quarters of 2019, while no longer included in the
company's consolidated financial statements during the reporting period, and the main business of Dongfang Precision focuses
on high-end smart equipment. In order to more accurately reflect the changes in the operating performance of the company's
main business in the first three quarters of 2020 compared with the same period last year, and to ensure that the revenue and
profit data are comparable, we compare the revenue and profit data for the reporting period with the data adjusted according to
the comparable caliber excluding Pride in the same period of last year, as shown in the following table:
Increase/decrease in Year-begin to end Increase/decrease in
the reporting period comparison with same period of the reporting comparison with year-begin
of last year period to Period-end of last year
Operating income (yuan) 774,467,679.35 6.04% 1,951,958,904.48 1.42%
Net profit belonging to 98,519,590.30 15.70% 225,718,052.39 11.24%
shareholders of the listed
company (yuan)
Net profit after deducting 80,885,127.45 10.54% 161,903,803.31 -7.22%
non-recurring gains and
losses belonging to
shareholders of the listed
company (yuan)
Net cash flow from 219,576,247.92 2869.13% 248,985,657.24 271.32%
operating activities (yuan)
6
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
III. Total shareholders at the end of the reporting period and the top ten shareholders'
shareholding table
1. The total number of ordinary shareholders and the number of preferred shareholders with voting rights
restored and the top 10 shareholders' shareholding table
Unit: shares
Total number of preferred
Total number of ordinary
shareholders with voting rights
shareholders at the end of the 41,125 0
restored at the end of the reporting
reporting period
period (if any)
The top 10 shareholders
Nature of Shareholding Number of shares Pledge or freeze situation
Name of shareholder Number of shares with limited sales
shareholders ratio Share status Quantity
conditions
Domestic
Tang Zhuolin natural 17.52% 270,737,568 203,053,176 Pledge 187,000,000
person
Domestic
Tang Zhuomian natural 8.79% 135,885,134
person
Pulead Technology State-owned
4.97% 76,810,172
Industry Co.,Ltd. legal person
Beijing Automotive
State-owned
Group Industry 3.14% 48,511,689
legal person
Investment Co.,Ltd.
Domestic
Contemporary
non-state-ow
Amperex Technology 3.01% 46,490,368
ned legal
Co. Limited
person
Domestic
Ruan Huili natural 2.92% 45,087,232
person
Construction
State-owned
Investment Investment 2.54% 39,215,685
legal person
Co., Ltd.
Luzhou Industrial
State-owned
Investment Group 2.06% 31,770,010
legal person
Co., Ltd.
7
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Huarong
Securities-China
Merchants
Securities-Huarong Other 2.03% 31,372,549
Youzhi No. 1
Collective Asset
Management P lan
Domestic
Qiu Yezhi natural 2.02% 31,176,518 25,632,388
person
Shareholdings of the top 10 shareholders with unlimited sales
Types of shares
Name of shareholder Number of shares with unlimited sales held
Types of shares Quantity
RMB common
Tang Zhuomian 135,885,134 135,885,134
stock
RMB common
Pulead Technology Industry Co.,Ltd. 76,810,172 76,810,172
stock
RMB common
Tang Zhuolin 67,684,392 67,684,392
stock
Beijing Automotive Group Industry RMB common
48,511,689 48,511,689
Investment Co.,Ltd. stock
Contemporary Amperex Technology RMB common
46,490,368 46,490,368
Co. Limited stock
RMB common
Ruan Huili 45,087,232 45,087,232
stock
Construction Investment Investment
RMB common
39,215,685 39,215,685
Co., Ltd. stock
Luzhou Industrial Investment Group RMB common
31,770,010 31,770,010
Co., Ltd. stock
Huarong Securities-China
Merchants Securities-Huarong RMB common
31,372,549 31,372,549
Youzhi No. 1 Collective Asset stock
Management P lan
Qinghai Puren Intelligent
RMB common
26,628,340 26,628,340
Technology R & D Center (Limited stock
8
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Partnership)
Mr. Tang Zhuolin and Mr. Tang Zhuomian are brothers. On August 18, 2010, the two signed a
Explanation of the relationship or "Consistent Action Agreement."Pulead Technology Industry Co.,Ltd. and Qinghai Puren
concerted action of the aforesaid Intelligent Technology R & D Center (Limited Partnership) belongs to the consistent actionist
shareholders relationship. The company is not aware of whether there is an associated relationship or a
concerted action other aforesaid shareholders.
As of September 30, 2020, among the top 10 shareholders of the company, Pulead
Explanation of the top 10 common Technology Industry Co., Ltd. held 73,755,050 shares of the company through the customer
stock shareholders' participation in credit transaction guarantee securities account opened in China Securities Co., Ltd.; Luzhou
financing and securities lending Industrial Investment Group Co., Ltd. held 31,770,010 shares of the company through the
business (if any) customer credit transaction guarantee securities account opened in Guotai Junan Securities
Co., Ltd..
Whether the top 10 ordinary shareholders of the company and the top 10 ordinary shareholders of unrestricted shares in the re port
period conducted agreed repurchase transactions
□ Yes √ No
The top 10 common stock shareholders of the company and the top 10 common stock shareholders with unrestricted sales conditions
did not engage in agreed buyback transactions during the reporting period.
2. The total number of preferred shareholders of the company and the top 10 preferred shareholders
□ Applicable √ Not applicable
9
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Section 3 Important matters
I. The main financial data and financial indicators during the reporting period have changed and the reasons
√ Applicable □ Not applicable
Unit: RMB yuan
1.Balance sheet items
Change
Sheet items Ending balance Opening Balance Change amount Explanation of the reason for the change
rate
Mainly due to the increase in orders and the
Advance payment 54,480,316.09 25,901,123.85 28,579,192.24 110.34%
corresponding increase in material purchases.
Mainly due to the increase in the purchase of
deposit-type bank wealth management
Interest receivable 3,608,568.80 721,935.36 2,886,633.44 399.85%
products and the corresponding increase in
interest income during the reporting period.
Mainly due to the expansion of the building
Project under construction 18,190,497.18 4,839,241.48 13,351,255.70 275.90%
during the reporting period.
Mainly due to the acquisition of business&
Intangible assets 333,352,606.60 249,882,429.53 83,470,177.07 33.40%
assets of Agnati during the reporting period.
10
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Mainly due to the maintenance of machinery
Long-term prepaid expenses 12,476,141.90 8,699,236.33 3,776,905.57 43.42% during the reporting period and the
corresponding increase in prepaid expenses.
Mainly due to completion of the amortization
Other non-current assets 905,997.92 2,518,818.56 -1,612,820.64 -64.03% of borrowing costs corresponding to the
long-term loan that had been repaid.
Mainly due to the repayment of short-term
Short-term loan 77,972,644.89 117,888,353.14 -39,915,708.25 -33.86%
loan.
Mainly due to the significant increase in the
Notes payable 81,407,456.50 43,973,859.51 37,433,596.99 85.13% proportion of the notes settlement of the
suppliers in this year.
Mainly due to the reclassification of accounts
in the statements corresponding to the
Contract liabilities 421,740,625.75 -- 421,740,625.75 100.00% implementation of the new income standard in
the reporting period and the delay in the
delivery due to Covid-19.
Mainly due to the reclassification of accounts
in the statements corresponding to the
Advance receipts -- 286,511,724.62 -286,511,724.62 -100.00%
implementation of the new income standard in
the reporting period.
Mainly due to the payment of prior year taxes
Taxes payable 28,899,739.71 48,928,229.51 -20,028,489.80 -40.93%
in the reporting period.
Mainly due to the increase in the long-term
Interest payable 2,242,263.57 1,410,745.58 831,517.99 58.94%
loan.
Non-current liabilities due within Mainly due to the repayment of part of the
221,850,934.90 353,399,238.29 -131,548,303.39 -37.22%
one year long-term loan due within one year.
Long-term loan 323,114,266.24 224,146,667.48 98,967,598.76 44.15% Mainly due to the increase in the long-term
11
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
loan in the reporting period.
Long-term salary payable to staff Mainly due to the acquisition of business&
18,331,957.88 12,252,657.36 6,079,300.52 49.62%
and workers assets of Agnati during the reporting period.
Mainly due to the repurchase of shares in the
Treasury shares 377,847,295.63 160,088,925.60 217,758,370.03 136.02%
reporting period.
2.Income statement items
January to January to Change
Sheet items Change amount Explanation of the reason for the change
September 2020 September 2019 ratio
Mainly due to the inclusion of Pride's data in
the company's consolidated financial
Operating income 1,951,958,904.48 7,752,165,890.42 -5,800,206,985.94 -74.82% statements in the first three quarters of 2019.
Excluding the impact of Pride's data, the
year-over-year increase was 1.42%.
Mainly due to the inclusion of Pride's data in
the company's consolidated financial
Operating cost 1,399,258,221.80 6,570,841,608.43 -5,171,583,386.63 -78.71% statements in the first three quarters of 2019.
Excluding the impact of Pride's data, the
year-over-year increase was 1.29%.
Mainly due to the inclusion of Pride's data in
the company's consolidated financial
Taxes and surcharges 7,793,560.64 17,154,493.47 -9,360,932.83 -54.57% statements in the first three quarters of 2019.
Excluding the impact of Pride's data, the
year-over-year increase was 18.18%.
Mainly due to the inclusion of Pride's data in
Selling expenses 120,806,685.92 315,749,074.61 -194,942,388.69 -61.74%
the company's consolidated financial
12
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
statements in the first three quarters of 2019.
Excluding the impact of Pride's data, the
year-over-year increase was 10.81%, mainly
due to the inclusion of Agnati's data that had
been acquired in the beginning of 2020.
Mainly due to the inclusion of Pride's data in
the company's consolidated financial
statements in the first three quarters of 2019.
Research and development
53,663,442.74 109,424,959.04 -55,761,516.30 -50.96% Excluding the impact of Pride's data, the
expenses
year-over-year increase was 19.91%, mainly
due to the increasing input of R&D in the
reporting period.
Mainly due to the inclusion of Pride's data in
the company's consolidated financial
statements in the first three quarters of 2019.
Financial expenses -278,745.49 -13,689,867.42 13,411,121.93 -97.96% Excluding the impact of Pride's data, there was
3 million less than the same period last year,
mainly due to the impact of the exchange gains
and losses in the reporting period.
Mainly due to implementation of financial
investment activities such as securities
investment and entrusted wealth management
Fair value change income 10,224,490.31 5,457,534.25 4,766,956.06 87.35% as authorized by the General Meeting of
Shareholders and the Board of Directors, and
the corresponding change of the products’ fair
value.
Mainly due to the inclusion of Pride's data in
Loss on impairment of assets -2,073,080.91 -37,337,494.63 35,264,413.72 -94.45%
the company's consolidated financial
13
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
statements in the first three quarters of 2019.
Excluding the impact of Pride's data, the
year-over-year decrease was 17.75%.
Mainly due to the implementation of the new
Loss of credit impairment -1,384,648.98 - -1,384,648.98 -100.00% financial instruments accounting standard in
the reporting period.
Mainly due to the increase in government
Other income 8,423,825.78 7,912,331.83 511,493.95 6.46% subsidies related to routine operating activities
during the reporting period.
Mainly due to implementation of financial
investment activities such as securities
investment and entrusted wealth management
as authorized by the General Meeting of
Investment income 53,526,100.78 16,871,909.05 36,654,191.73 217.25%
Shareholders and the Board of Directors, and
the corresponding increase in the investment
income as compared with the same period last
year.
Mainly due to the acquisition of equity of
Non-operating income 2,106,749.39 13,498,463.84 -11,391,714.45 -84.39% Tiruna Group in the prior period, and there was
no such event in the current period.
Mainly due to the inclusion of Pride's data in
the company's consolidated financial
Non-operating expenses 1,517,800.08 3,362,108.06 -1,844,307.98 -54.86% statements in the first three quarters of 2019.
Excluding the impact of Pride's data, the
year-over-year decrease was 8.17%.
Mainly due to the inclusion of Pride's data in
Income tax expenses 25,869,561.72 130,783,444.44 -104,913,882.72 -80.22% the company's consolidated financial
statements in the first three quarters of 2019.
14
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Excluding the impact of Pride's data, the
year-over-year decrease was 50.93%, mainly
due to the decrease in the income taxes of
Fosber Group as compared with the same
period last year.
3.Cash flow statement items
January to January to Change
Sheet items Change amount Explanation of the reason for the change
September 2020 September 2019 ratio
Mainly due to the inclusion of Pride's data in
the company's consolidated financial
statements in the first three quarters of 2019.
Net cash flow from operating
248,985,657.24 1,520,251,473.05 -1,271,265,815.81 -83.62% Excluding the impact of Pride's data, the
activities
year-over-year increase was 271.32%, mainly
due to the acceleration of overall sales
collection during the reporting period.
Mainly due to implementation of financial
investment activities such as securities
investment and entrusted wealth management
Net cash flows from investing as authorized by the General Meeting of
-304,321,178.06 -1,032,329,246.59 728,008,068.53 -70.52%
activities Shareholders and the Board of Directors, and
the corresponding increase in investment
income as compared with the same period last
year.
Mainly due to the inclusion of Pride's data in
Net cash flow from financing the company's consolidated financial
-545,229,881.16 -1,651,923,456.49 1,106,693,575.33 -66.99%
activities statements in the first three quarters of 2019.
Excluding the impact of Pride's data, the
15
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
year-over-year increase was 203.29%, mainly
due to paying guarantee deposit and share
repurchase in the reporting period.
16
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
II. Analysis of the progress of important matters, their impact and solutions
√ Applicable □ Not applicable
1. The signing of strategic cooperation agreement with Yunyin Technology (Shenzhen) Co., Ltd.
In July 2020, Dongfang Precision signed a strategic cooperation agreement with Yunyin Technology (Shenzhen) Co., Ltd (here inafter
referred to as "Yunyin"), a holding subsidiary of Shanying International Holding Co., Ltd., to establish a strategic cooperation
relationship to jointly build an intelligent factory model and to jointly promote the Digital transformation and upgrad ing of the
printing and packaging industry. With the profound understanding of the industry accumulated over 20 years and the leading
technology of Industry 4.0 in the domestic industry, the company cooperates with Yunyin to promote the accelerated construction of
Internet ecology of the domestic intelligent packaging industry and the continuous innovation of business models, which will
ultimately help to enhance Dongfang Precision's comprehensive competitiveness and improve the listed company's own value
creation ability. For details, please refer to the “Announcement on the signing of strategic cooperation agreement with Yunyin
Technology (Shenzhen) Co., Ltd.” published by the Company on July 20, 2020 on Cninfo(http://www.cninfo.com.cn).
2. The Completion of the General Election of the Board of Directors and the Board of Supervisors
On September 22, 2020, the Company held the 4th interim General Meeting of 2020, and approved the Proposal for the Election of
Non-Independent Directors of the 4th Board of Directors of the Company, the Proposal for the Election of Independent Directors of
the 4th Board of Directors of the Company, and the Proposal for the Election of Shareholder Representative Supervisors of the 4th
Board of Supervisors of the Company. The elected shareholder representative supervisors and the employee representative
supervisors elected by the general meeting of employees on August 26, 2020 shall together constitute the 4th Board of Supervisors of
the Company. The term of office of the above-mentioned directors and supervisors is three years from the date of the resolution of the
General Meeting of Shareholders. On the same day, the Company held the first ( interim) meeting of the 4th Board of Directors and
the first (interim) meeting of the 4th Board of Supervisors, and considered and passed the relevant proposals on the election of the
Chairman of the Board of Directors, members of the special committees of the Board of Directors, the Chairman of the Board of
Supervisors and the appointment of senior management personnel. For details, please refer to the " Announcement of the Completion
of the General Election of the Board of Directors and the Board of Supervisors " and the "Announcement on the Election of the
Chairman of the Board of Directors, Members of the Special Committees of the Board of Directors, Chairmen of the Supervisory
Board and Appointment of Senior Management Personnel" published by the Company on September 23, 2020 on Cninfo
(http://www.cninfo.com.cn).
Interim report disclosure website query
Overview of important matters Disclosure date
index
“Announcement on the signing of strategic cooperation
July 20, 2020 Cninfo(http://www.cninfo.com.cn)
agreement with Yunyin Technology (Shenzhen) Co., Ltd.”
“Announcement on the Election of Employee
Representative Supervisors to the 4th Session of the August 28, 2020 Cninfo(http://www.cninfo.com.cn)
Board of Supervisors”
“Announcement of the Completion of the General
Election of the Board of Directors and the Board of September 23, 2020 Cninfo(http://www.cninfo.com.cn)
Supervisors”
“Announcement on the Election of the Chairman of the
September 23, 2020 Cninfo(http://www.cninfo.com.cn)
Board of Directors, Members of the Special Committees
17
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
of the Board of Directors, Chairmen of the Supervisory
Board and Appointment of Senior Management
Personnel”
Implementation progress of share repurchase
√Applicable □ Not applicable
The 49th (interim) meeting of the third Board of Directors held on June 15, 2020 and the 3rd interim General Meeting of 2020 held
on June 24, 2020 examined and approved the 2020 annual share repurchase plan. The company plans to use its own funds, funds
raised that have been changed into permanent replenishment of current funds in accordance with the law, or loans from financial
institutions, to implement a centralized bidding transaction to buy back part of the company's A-shares of RMB common shares. The
total amount of funds planned to be used by the company shall not be less than 500 million yuan (inclusive), not more than 1 billion
yuan (inclusive), and the repurchase price shall not exceed RMB 6.42 yuan per share. All the repurchased shares will be used for
write-off and reduce the company's registered capital. The implementation period shall be within 12 months from the date of
consideration and adoption of this share repurchase plan by the General Meeting.
By the end of the reporting period, the company had repurchased 61,518,052 shares in the plan of repurchase shares in 2020,
accounting for 3.98% of the company's total share capital. As of the date of disclosure of this report, the company has carried out a
share buyback in 2020 through centralized bidding, with a total buyback of 62,519,252 shares, accounting for 4.05% of the
company's total share capital. During the repurchase period, the highest transaction price is 5.10 yuan per share, and the lowest
transaction price is 4.57 yuan per share. The total amount paid is about 303 million yuan (excluding transaction fees).
Progress in the implementation of centralized bidding to reduce holdings of repurchased shares
□ Applicable √ Not applicable
III. The actual controllers, shareholders, related parties, purchasers and the company's
commitments related to the company's commitme nts that were not fulfilled during the
reporting period
□ Applicable √ Not applicable
During the reporting period of the company, there were no actual commitments of the company's actual controllers, shareholders,
related parties, purchasers, companies, and other related parties that failed to fulfill their commitments during the reporting period.
IV. Investment in financial assets
1.Securities investment
√ Applicable □ Not applicable
18
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Changes
Profit or loss
Book value at in the
Securit Securities Accounting on changes in Reporting Accounti Source
Variety of Initial the beginning of cumulativ Current purchase Current sale Ending book
ies abbreviati measuremen fair value for period profit ng of
securities investment cost the reporting e fair amount amount value
code on t mode the current and loss subject funds
period value of
period
equity
Transacti
Domestic Fair value
7,204,713.6 onal Own
and foreign 150,001,000.00 measuremen 0.00 0.00 212,132,277.59 212,132,277.59 0.00
4 financial funds
stocks t
assets
Transacti
Fair value
4,034,275.3 304,034,275.3 onal Own
Fund 300,000,000.00 measuremen 4,034,275.31 0.00 300,000,000.00
1 1 financial funds
t
assets
Transacti
Fair value
Trust 11,438,356.1 503,150,684.9 onal Own
500,000,000.00 measuremen 3,150,684.93 0.00 500,000,000.00
products 6 3 financial funds
t
assets
Raised
Transacti
Fair value funds
5,510,627,142.1 1,164,039,381.5 5,510,627,142.1 6,051,848,525.1 40,874,696. 625,857,528.6 onal
Other measuremen 3,039,530.07 0.00 and
1 9 1 5 62 2 financial
t own
assets
funds
6,460,628,142.1 1,164,039,381.5 10,224,490.3 6,522,759,419.7 6,263,980,802.7 63,552,041. 1,433,042,488.
Total -- 0.00 -- --
1 9 1 0 4 73 86
19
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Announcement and disclosure
date of securities investment March 28, 2020
examination and approval board
Date of announcement and
disclosure of shareholders'
meeting for examination and April 14, 2020
approval of securities
investment (if any)
20
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
2. Derivatives investment
□ Applicable √ Not applicable
There was no derivative investment during the reporting period.
V. Progress of Projects Financed with Raised Funds
□ Applicable √ Not applicable
VI. 2020 Annual Operating Performance Forecast
Warning of a forecast loss on or a forecast significant year-on-year change in the 2020 annual net profit, as well as explanation of why:
□ Applicable √ Not applicable
VII. Significant Contracts Arising from the Company’s Ordinary Course of Business
□ Applicable √ Not applicable
VIII. Entrusted financial manage ment
√ Applicable □ Not applicable
Unit: ten thousand yuan
Source of funds for Entrusted financial Overdue amount not
Specific type Outstanding balance
entrusted financing management recovered
Bank wealth
Own funds 65,000 0 0
management products
Bank wealth
Raised funds 166,300 62,200 0
management products
In total 231,300 62,200 0
The specific situation of high-risk entrusted financial management with large single amount or low security, poor liquidity and
non-guaranteed capital
□ Applicable √ Not applicable
21
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
The entrusted financial management has expected that the principal cannot be recovered or there are other situations that may cause
impairment
□ Applicable √ Not applicable
IX. External guarantees in violation of regulations
□ Applicable √ Not applicable
During the reporting period, the company had no violations of external guarantees.
X. Non-operating capital occupation of the listed company by controlling shareholders and
their related parties
□ Applicable √ Not applicable
During the reporting period of the company, there was no non-operating capital occupation of the listed company by the controlling
shareholders and their related parties.
XI. Registration form for reception of research, communication, interviews and other
activities during the reporting period
√ Applicable □Not applicable
22
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Type of Main contents
Date of Place of Way of
communication Communication party communicated and Index to main information communicate
communication communication communication
party materials provided
Huatai Security Co., Ltd.: Huang Jinglun, Huarong
Security Co., Ltd.: Bi Zinan, Xu Tianxiang, China
Asset Management Co.,Ltd.: Li Pingzhu , Sunshine Introduce the
Insurance Group Inc., Ltd.: Elaine wong, Shenzhen company's
Xinyuan Asset Management Co., Ltd.: Du Junsheng, operation, overall
Cninfo(http://www.cninfo.com.cn),
Shenzhen Jianhua Xing 'an Investment Co. Ltd. : business layout,
The Company’s institutional “002611 Dongfang Precision Investor
7 May 2020 Conference call Duan Zhian, Shenzhen Huacai Investment core competitive
conference room investor relations management files 20200507”
Management Co. Ltd.: Chen Ligang, Shenzhen advantages, business
Qianhai Xingjian Capital Management Co. Ltd.:Zhou strategy, etc. and
Shizhao, LeiLei, Honghua Capital: XiaoJian, answer questions
Guangzhou Yunxi Private Equity Investment Fund from investors
Management Co. Ltd. : Long Huaming and investors,
etc
23
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Section 4 Financial Statements
I. Financial Statements
1. Consolidated balance sheet
Prepared by: Guangdong Dongfang Precision Science&Technology Co., Ltd.
Unit: RMB yuan
Item September 30, 2020 December 31, 2019
Current assets:
Monetary funds 1,931,953,359.25 2,356,703,434.60
Settlement provisions
Dismantling funds
Transactional financial assets 1,433,042,488.86 1,164,039,381.59
Derivative financial assets
Notes receivable
Accounts receivable 525,925,132.40 597,431,210.02
Receivable financing 52,691,729.09 55,447,099.32
Advance payment 54,480,316.09 25,901,123.85
Premium receivable
Receivable reinsurance account
Provision for reinsurance contract
receivable
Other receivables 70,542,884.22 79,573,114.49
Of which: interest receivable 3,608,568.80 721,935.36
Dividend receivable
Buy back resale financial assets
Inventory 819,968,099.48 671,432,701.11
24
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Contract assets
Holding assets for sale
Non-current assets due within one
356,983.48
year
Other current assets 20,129,395.95 22,346,314.29
Total current assets 4,908,733,405.34 4,973,231,362.75
Non-current assets:
Loans and advances
Debt investment
Other debt investments
Long-term receivables
Long-term equity investment 69,973,129.43 72,372,355.03
Investment in other equity
instruments
Other non-current financial assets 18,128,642.88 20,559,159.34
Investment real estate
Fixed assets 561,871,402.02 585,754,900.75
Project under construction 18,190,497.18 4,839,241.48
Productive biological assets
Oil and gas asset
Right-of-use asset
Intangible assets 333,352,606.60 249,882,429.53
Development expenditure
Goodwill 333,493,169.96 306,633,631.93
Long-term prepaid expenses 12,476,141.90 8,699,236.33
Deferred income tax assets 53,492,975.23 49,025,021.61
Other non-current assets 905,997.92 2,518,818.56
Total non-current assets 1,401,884,563.12 1,300,284,794.56
Total assets 6,310,617,968.46 6,273,516,157.31
25
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Current liabilities:
Short-term loan 77,972,644.89 117,888,353.14
Borrowing from the Central Bank
Borrowed funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 81,407,456.50 43,973,859.51
Accounts payable 448,444,628.31 472,862,744.45
Advance receipts 286,511,724.62
Contract liabilities 421,740,625.75
Selling back financial assets
Deposits and Interbank deposit
Agent trading securities
Agent underwriting securities
Salary payable to staff and workers 92,537,319.10 106,677,329.95
Taxes payable 28,899,739.71 48,928,229.51
Other payables 114,032,702.05 90,950,443.16
Of which: interest payable 2,242,263.57 1,410,745.58
Dividend payable
Fees and commissions
Reinsurance accounts payable
Holding liabilities for sale
Non-current liabilities due within
221,850,934.90 353,399,238.29
one year
Other current liabilities
Total current liabilities 1,486,886,051.21 1,521,191,922.63
Non-current liabilities:
Insurance contract reserve
Long term loan 323,114,266.24 224,146,667.48
26
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Bonds payable
Of which: preferred stock
Perpetual debt
Lease liability
Long-term payables
Long-term salary payable to staff
18,331,957.88 12,252,657.36
and workers
Estimated liabilities 99,912,699.92 78,650,466.48
Deferred income 17,215,068.43 18,275,808.90
Deferred income tax liabilities 13,423,908.72 16,915,692.91
Other non-current liabilities
Total non-current liabilities 471,997,901.19 350,241,293.13
Total Liabilities 1,958,883,952.40 1,871,433,215.76
Owners' equity:
Share capital 1,545,126,957.00 1,838,647,096.00
Other equity instruments
Of which: preferred stock
Perpetual debt
Capital reserve 4,095,526,421.53 3,862,377,838.84
Minus: treasury shares 377,847,295.63 160,088,925.60
Other comprehensive income 23,154,111.42 24,971,085.32
Special reserves
Surplus reserve 51,830,974.45 51,830,974.45
General risk preparation
Undistributed profit -1,054,955,408.75 -1,280,673,461.14
Total equity attributable to owners of
4,282,835,760.02 4,337,064,607.87
parent company
Minority shareholder interest 68,898,256.04 65,018,333.68
Total owner's equity 4,351,734,016.06 4,402,082,941.55
27
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Total Liabilities and Owner's Equity 6,310,617,968.46 6,273,516,157.31
Legal representative: Tang Zhuolin Chief in charge of accounting work: Qiu Yezhi Head of accounting institution: Qiu Yezhi
2. Parent Company Balance Sheet
Unit: RMB yuan
Item September 30, 2020 December 31, 2019
Current assets:
Monetary funds 1,425,434,035.08 1,899,380,375.38
Transactional financial assets 1,341,981,607.91 1,163,000,000.00
Derivative financial assets
Notes receivable
Accounts receivable 161,288,766.79 151,096,214.10
Receivable financing 49,192,665.35 51,139,322.12
Advance payment 3,258,632.60 3,233,763.27
Other receivables 73,634,330.90 36,670,496.12
Of which: interest receivable 3,434,196.24
Dividend receivable 40,000,000.00
Inventory 112,676,967.11 111,225,290.10
Contract assets
Holding assets for sale
Non-current assets due within one
356,983.48
year
Other current assets 638,589.97 4,961,417.06
Total current assets 3,168,105,595.71 3,421,063,861.63
Non-current assets:
Debt investment
Other debt investments
Long-term receivables
28
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Long-term equity investment 462,574,189.69 439,638,782.00
Investment in other equity
instruments
Other non-current financial assets
Investment real estate
Fixed assets 332,164,748.54 340,791,611.76
Project under construction 176,777.93 83,070.80
Productive biological assets
Oil and gas asset
Right-of-use asset
Intangible assets 58,778,201.60 60,733,612.10
Development expenditure
Goodwill
Long-term prepaid expenses 3,626,683.77 3,335,014.92
Deferred income tax assets 7,458,465.18 4,923,465.18
Other non-current assets 585,189.00 585,189.00
Total non-current assets 865,364,255.71 850,090,745.76
Total assets 4,033,469,851.42 4,271,154,607.39
Current liabilities:
Short-term loan 90,000,000.00
Transactional financial liabilities
Derivative financial liabilities
Notes payable 45,402,259.42 43,843,859.51
Accounts payable 42,987,955.00 70,687,704.41
Advance receipts 17,451,789.10
Contract liabilities 21,949,309.60
Salary payable to staff and workers 15,116,756.94 26,144,254.56
Taxes payable 4,144,571.50 1,921,575.57
Other payables 63,686,422.73 50,214,415.95
29
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Of which: interest payable
Dividend payable
Holding liabilities for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 193,287,275.19 300,263,599.10
Non-current liabilities:
Long term loan
Bonds payable
Of which: preferred stock
Perpetual debt
Lease liability
Long-term payables
Long-term salary payable to staff
and workers
Estimated liabilities
Deferred income 13,586,136.66 14,423,631.66
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 13,586,136.66 14,423,631.66
Total Liabilities 206,873,411.85 314,687,230.76
Owners' equity:
Share capital 1,545,126,957.00 1,838,647,096.00
Other equity instruments
Of which: preferred stock
Perpetual debt
Capital reserve 3,841,740,185.11 3,608,591,602.42
Minus: treasury shares 377,847,295.63 160,088,925.60
30
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Other comprehensive income
Special reserves
Surplus reserve 51,830,974.45 51,830,974.45
Undistributed profit -1,234,254,381.36 -1,382,513,370.64
Total owner's equity 3,826,596,439.57 3,956,467,376.63
Total Liabilities and Owner's Equity 4,033,469,851.42 4,271,154,607.39
3. Consolidated Income Statement of the Reporting Period
Unit: RMB yuan
The occurrence amount of the previous
Item Current occurrence amount.
period
1 Total operating income 774,467,679.35 3,360,816,595.53
Of which: operating income 774,467,679.35 3,360,816,595.53
Interest income
Premiums earned
Fee and commission income
2 Total operating cost 671,204,175.08 3,101,787,320.16
Of which: operating cost 557,431,397.96 2,873,991,054.97
Interest expense
Payment of fees and commission
Surrender fund
Net indemnity expenditure
Draw the net reserve of insurance
liability contract
Policy dividend expense
Reinsurance cost
Taxes and surcharges 2,105,418.72 4,631,112.28
selling expenses 29,511,096.12 121,593,417.82
Administrative expenses 62,241,970.84 77,699,654.06
31
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Research and development expenses 18,458,518.75 50,475,710.14
Financial expenses 1,455,772.69 -26,603,629.11
Of which: interest expense 3,997,432.21 4,963,181.77
Interest income 5,439,150.52 29,322,907.03
Plus: other income 1,326,553.84 4,380,819.31
Investment income (loss with "-" sign) 20,801,116.45 6,770,076.77
Of which: the return on investment in
174,877.99 292,193.59
collaborative ventures and joint ventures
Income from derecognition of
financial assets measured at amortised cost (loss with
"-" sign)
Exchange gain (loss with "-" sign)
Net exposure hedging gain (loss with "-"
sign)
Fair value change income (loss with "-"
-3,084,621.21 5,457,534.25
sign)
Loss of credit impairment (loss is listed
-1,743,190.23
with "-" sign)
Loss on impairment of assets (loss with "-"
905,316.06 -987,131.87
sign)
Income from asset disposal (loss with "-"
-4,264.04 986,548.07
sign)
3 Operating profit (losses are listed with "-" sign) 121,464,415.14 275,637,121.90
Plus: non-operating income 1,929,972.46 3,525,514.33
Minus: non-operating expenses 52,950.79 761,168.12
4 The total profit (the total loss shall be filled in with
123,341,436.81 278,401,468.11
the sign "-")
Minus: income tax expenses 20,227,251.72 65,595,152.42
5 Net profit (net loss is listed with "-" sign) 103,114,185.09 212,806,315.69
(1) Classified by business sustainability
32
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
i. Net profit from continuing operations (net loss
103,114,185.09 212,806,315.69
with "-" sign)
ii. Net profit from termination of operation (net
loss with "-" sign).
(2) Classification according to ownership.
i. Net profit attributable to the owner of the
98,519,590.30 212,791,166.02
parent company
ii. Minority shareholders' profit and loss 4,594,594.79 15,149.67
6 Net after tax of other comprehensive income -5,768,887.59 679,314.85
Net after tax of other comprehensive income
-5,768,887.59 679,314.85
attributable to the owner of the parent company
(1) other comprehensive income that cannot
be reclassified into profit or loss
i. Re-measure the change in the benefit
plan
ii. Other comprehensive income that
cannot be transferred to profit or loss under the equity
method
iii. Changes in fair value of
investments in other equity instruments
iv. Fair value change of enterprise's
own credit risk
v. Other
(2) Other comprehensive income
-5,768,887.59 679,314.85
reclassified into profit or loss
i. Other comprehensive income that
can be transferred to profit or loss under the equity
method
ii. Changes in fair value of other debt
33
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
investments
iii. The amount of financial assets
reclassified to other comprehensive income
iv. Provision for credit impairment of
other debt investments
v. Cash flow hedging reserve
vi. Translation difference of foreign
-5,768,887.59 679,314.85
currency financial statements
vii. Other
Net after tax of other consolidated income
attributable to minority shareholders
7 Total comprehensive income 97,345,297.50 213,485,630.54
Total consolidated income attributable to the
92,750,702.71 213,470,480.87
owner of the parent company
Total consolidated income attributable to
4,594,594.79 15,149.67
minority shareholders
8 Earnings per share:
(1) Basic earnings per share 0.07 0.12
(2) Diluted earnings per share 0.07 0.12
In the case of a business merger under the same control in the current period, the net profit realized by the merged party be fore the
merger is: yuan, and the net profit realized by the merged party in the previous period is: yuan.
Legal representative: Tang Zhuolin Chief in charge of accounting work: Qiu Yezhi Head of accounting institution: Qiu Yezhi
4. Parent Company Income Statement of the Reporting Period
Unit: RMB yuan
The occurrence amount of the previous
Item Current occurrence amount.
period
1 Operating income 116,527,543.89 137,352,640.50
Minus: operating cost 70,212,865.82 81,663,742.91
Taxes and surcharges 991,391.75 869,107.37
Selling expenses 4,023,907.58 8,766,735.88
34
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Administrative expenses 26,106,882.44 25,123,569.62
Research and development expenses 3,852,707.31 3,902,638.69
Financial expenses 50,050.19 -9,104,138.55
Of which: interest expense 1,428,967.90 165,615.94
Interest income 4,130,055.85 6,195,629.09
Plus: other income 848,114.27 1,488,656.02
Investment income (loss with "-" sign) 60,663,710.99 66,839,416.89
Of which: the return on investment in
174,877.99 561,197.71
collaborative ventures and joint ventures
Termination of recognition of
gains on financial assets measured at amortised
cost (loss with "-" sign)
Net exposure hedging gain (loss with
"-" sign)
Fair value change income (loss with "-"
-3,435,578.93
sign)
Loss of credit impairment (loss is listed
2,220.07
with "-" sign)
Loss on impairment of assets (loss with
"-" sign)
Income from asset disposal (loss with
-829.92
"-" sign)
2 Operating profit (loss shall be listed with "-"
69,368,205.20 94,458,227.57
sign)
Plus: non-operating income 8,276.88 7,603.52
Minus: non-operating expenses -1,664.32 5,281.36
3 The total profit (the total loss shall be filled in
69,378,146.40 94,460,549.73
with the sign "-")
Minus: income tax expenses -1,631,310.71 4,821,960.41
4 Net profit (net loss is listed with "-" sign) 71,009,457.11 89,638,589.32
(1) Net profit from continuing operation (net
71,009,457.11 89,638,589.32
loss with "-" sign)
(2) Net profit from termination of operation
(net loss with "-" sign)
5 Net after tax of other comprehensive income
(1) Other comprehensive income that cannot
be reclassified into profit or loss
35
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
i. Re-measure the change in the benefit
plan
ii. Other comprehensive income that
cannot be transferred to profit or loss under the
equity method
iii. Changes in fair value of investments
in other equity instruments
iv. Fair value change of enterprise's
own credit risk
v. Other
(2) other comprehensive income reclassified
into profit or loss
i. Other comprehensive income that can
be transferred to profit or loss under the equity
method
ii. Changes in fair value of other debt
investments
iii. The amount of financial assets
reclassified to other comprehensive income.
iv. Provision for credit impairment of
other debt investments.
v. Cash flow hedging reserve.
vi. Translation difference of foreign
currency financial statements.
vii. Other.
6. Total comprehensive income 71,009,457.11 89,638,589.32
7. Earnings per share:
(1) Basic earnings per share
(2) Diluted earnings per share
5. Consolidated Income Statement from Year-begin to end of the reporting period
Unit: RMB yuan
The occurrence amount of the previous
Item Current occurrence amount.
period
1 Total operating income 1,951,958,904.48 7,752,165,890.42
Of which: operating income 1,951,958,904.48 7,752,165,890.42
Interest income
36
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Premiums earned
Fee and commission income
2 Total operating cost 1,765,794,712.34 7,228,345,331.95
Of which: operating cost. 1,399,258,221.80 6,570,841,608.43
Interest expense
Payment of fees and commission
Surrender fund
Net indemnity expenditure
Draw the net reserve of insurance
liability contract
Policy dividend expense
Reinsurance cost
Taxes and surcharges 7,793,560.64 17,154,493.47
selling expenses 120,806,685.92 315,749,074.61
Administrative expenses 184,551,546.73 228,865,063.82
Research and development expenses 53,663,442.74 109,424,959.04
Financial expenses -278,745.49 -13,689,867.42
Of which: interest expense 10,237,015.64 24,080,948.95
Interest income 16,848,399.62 42,084,310.53
Plus: other income 8,423,825.78 7,912,331.83
Investment income (loss with "-" sign) 53,526,100.78 16,871,909.05
Of which: the return on investment in
198,549.36 830,254.41
collaborative ventures and joint ventures
Income from derecognition
of financial assets measured at amortised cost (loss
with "-" sign)
Exchange gain (loss with "-" sign)
Net exposure hedging gain (loss with "-"
sign)
37
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Fair value change income (loss with "-"
10,224,490.31 5,457,534.25
sign)
Loss of credit impairment (loss is listed
-1,384,648.98
with "-" sign)
Loss on impairment of assets (loss with "-"
-2,073,080.91 -37,337,494.63
sign)
Income from asset disposal (loss with "-"
-2,291.96 577,878.27
sign)
3 Operating profit (losses are listed with "-" sign) 254,878,587.16 517,302,717.24
Plus: non-operating income 2,106,749.39 13,498,463.84
Minus: non-operating expenses 1,517,800.08 3,362,108.06
4 The total profit (the total loss shall be filled in with
255,467,536.47 527,439,073.02
the sign "-")
Minus: income tax expenses 25,869,561.72 130,783,444.44
5 Net profit (net loss is listed with "-" sign) 229,597,974.75 396,655,628.58
(1) Classified by business sustainability
ii. Net profit from continuing operations (net loss
229,597,974.75 396,655,628.58
with "-" sign)
ii. Net profit from termination of operation (net
loss with "-" sign)
(2) Classification according to ownership
i. Net profit attributable to the owner of the
225,718,052.39 395,182,302.41
parent company
ii. Minority shareholders' profit and loss 3,879,922.36 1,473,326.17
6 Net after tax of other comprehensive income -1,816,973.90 421,736.68
Net after tax of other comprehensive income
-1,816,973.90 421,736.68
attributable to the owner of the parent company
(1) other comprehensive income that cannot be
65,719.32
reclassified into profit or loss
38
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
i. Re-measure the change in the benefit plan 65,719.32
ii. Other comprehensive income that cannot
be transferred to profit or loss under the equity
method
iii. Changes in fair value of investments in
other equity instruments
iv. Fair value change of enterprise's own
credit risk
v. Other
(2) Other comprehensive income reclassified
-1,882,693.22 421,736.68
into profit or loss
i. Other comprehensive income that can be
transferred to profit or loss under the equity method
ii. Changes in fair value of other debt
investments
iii. The amount of financial assets
reclassified to other comprehensive income
iv. Provision for credit impairment of other
debt investments
v. Cash flow hedging reserve
vi. Translation difference of foreign
-1,882,693.22 421,736.68
currency financial statements
vii. Other
Net after tax of other consolidated income
attributable to minority shareholders
7 Total comprehensive income 227,781,000.85 397,077,365.26
Total consolidated income attributable to the
223,901,078.49 395,604,039.09
owner of the parent company
Total consolidated income attributable to 3,879,922.36 1,473,326.17
39
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
minority shareholders
8 Earnings per share:
(1) Basic earnings per share 0.15 0.22
(3) Diluted earnings per share 0.15 0.22
In the case of a business merger under the same control in the current period, the net profit realized by the merged party be fore the
merger is: yuan, and the net profit realized by the merged party in the previous period is: yuan.
Legal representative: Tang Zhuolin Chief in charge of accounting work: Qiu Yezhi Head of accounting institution: Qiu Yezhi
6. Parent Company Income Statement from Year-begin to end of the reporting period
Unit: RMB yuan
The occurrence amount of the previous
Item Current occurrence amount.
period
1 Operating income 276,169,291.83 282,760,722.29
Minus: operating cost 164,908,086.13 176,850,040.46
Taxes and surcharges 4,894,835.57 4,012,235.84
Selling expenses 14,226,411.09 19,952,228.33
Administrative expenses 66,428,129.54 65,014,403.20
Research and development expenses 13,396,113.76 10,139,077.86
Financial expenses -4,859,183.84 -14,106,269.11
Of which: interest expense 2,326,561.90 3,915,979.61
Interest income 10,468,627.19 15,342,323.86
Plus: other income 5,446,099.68 4,126,286.02
Investment income (loss with "-" sign) 112,157,277.57 76,347,312.80
Of which: the return on investment in
198,549.36 1,112,257.23
collaborative ventures and joint ventures
Termination of recognition of
gains on financial assets measured at amortised
cost (loss with "-" sign)
Net exposure hedging gain (loss with
"-" sign)
Fair value change income (loss with "-"
9,981,607.91
sign)
Loss of credit impairment (loss is listed
1,859,701.63
with "-" sign)
40
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Loss on impairment of assets (loss with
519,758.39
"-" sign)
Income from asset disposal (loss with
2,152.00
"-" sign)
2 Operating profit (loss shall be listed with "-"
146,619,586.37 101,894,514.92
sign)
Plus: non-operating income 12,724.10 86,740.97
Minus: non-operating expenses 1,272,131.90 688,287.49
3 The total profit (the total loss shall be filled in
145,360,178.57 101,292,968.40
with the sign "-")
Minus: income tax expenses -2,898,810.71 6,220,191.39
4 Net profit (net loss is listed with "-" sign) 148,258,989.28 95,072,777.01
(1) Net profit from continuing operation (net
148,258,989.28 95,072,777.01
loss with "-" sign)
(2) Net profit from termination of operation
(net loss with "-" sign)
5 Net after tax of other comprehensive income
(1) Other comprehensive income that cannot
be reclassified into profit or loss
i. Re-measure the change in the benefit
plan
ii. Other comprehensive income that
cannot be transferred to profit or loss under the
equity method
iii. Changes in fair value of investments
in other equity instruments
iv. Fair value change of enterprise's
own credit risk
v. Other
(2) other comprehensive income reclassified
into profit or loss
i. Other comprehensive income that can
be transferred to profit or loss under the equity
method
ii. Changes in fair value of other debt
investments
iii. The amount of financial assets
reclassified to other comprehensive income.
41
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
iv. Provision for credit impairment of
other debt investments.
v. Cash flow hedging reserve.
vi. Translation difference of foreign
currency financial statements.
vii. Other.
6. Total comprehensive income 148,258,989.28 95,072,777.01
7. Earnings per share:
(1) Basic earnings per share
(2) Diluted earnings per share
7.Consolidated statement of cash flows
Unit: RMB yuan
The occurrence amount of the previous
Item Current occurrence amount.
period
1 Cash flow generated by business
activities:
Cash received from the sale of
2,191,344,316.36 4,705,143,721.33
goods and the provision of services
Net increase in customer deposits
and interbank deposits
Net increase in borrowing from the
central bank
Net increase in funds transferred to
other financial institutions
Cash received from the premium
of the original insurance contract
Net cash received from reinsurance
business
Net increase in depositors' deposits
and investment funds
Cash that collects interest,
commission and commission
Net increase in borrowed funds
Net increase in funds for
repurchase business
42
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Net cash received by agents
buying and selling securities
Tax refund received 27,067,794.23 42,766,749.09
Receipt of other cash related to
141,235,719.07 57,269,540.65
business activities
Subtotal cash inflows from operating
2,359,647,829.66 4,805,180,011.07
activities
Cash paid for the purchase of
1,370,823,824.55 2,075,931,738.58
goods and services
Net increase in customer loans and
advances
Net increase in central bank and
interbank deposits
Cash to pay the indemnity of the
original insurance contract
Net increase in loan funds
Cash for the payment of interest,
fees and commissions
Cash for the payment of policy
dividends
Cash paid to and for employees 390,338,827.65 538,245,634.48
Taxes and fees paid 65,884,267.48 472,005,127.58
Payment of other cash related to
283,615,252.74 198,746,037.38
business activities
Subtotal cash outflow from operating
2,110,662,172.42 3,284,928,538.02
activities
Net cash flow from operating activities 248,985,657.24 1,520,251,473.05
2 Cash flow generated by investment
activities:
Recover the cash received from the
investment
Cash received from investment
53,327,551.42 16,040,302.41
income
Net cash recovered from disposal
of fixed assets, intangible assets and 5,898.53 40,024.97
other long-term assets
Disposal of net cash received by
subsidiaries and other business units
43
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Receipt of other cash related to
6,263,980,802.74 50,200,000.00
investment activities
Subtotal cash inflows from investment
6,317,314,252.69 66,280,327.38
activities
Cash paid for the purchase and
construction of fixed assets, intangible 97,690,291.05 39,233,926.52
assets and other long-term assets
Cash paid for investment 1,185,720.00
Net increase in pledged loans
Obtain net cash paid by
129,375,647.45
subsidiaries and other business units
Payment of other cash related to
6,522,759,419.70 930,000,000.00
investment activities
Subtotal cash outflow from investment
6,621,635,430.75 1,098,609,573.97
activities
Net cash flow from investing activities -304,321,178.06 -1,032,329,246.59
3 Cash flow generated by fund-raising
activities:
Absorb the cash received by the
22,600,000.00
investment
Of which: the subsidiary absorbs
the cash received from the investment
of minority shareholders
Cash received for obtaining loans 354,759,673.90 57,107,857.17
Receipt of other cash related to
124,187,890.90 68,199,505.77
fund-raising activities
Subtotal cash inflows from fund-raising
501,547,564.80 125,307,362.94
activities
Cash paid to repay debts 441,132,461.88 252,267,989.14
Cash paid for the distribution of
9,283,802.67 9,875,681.83
dividends, profits, or interest payments
Of which: dividends and profits
paid by subsidiaries to minority
shareholders
Payment of other cash related to
596,361,181.41 1,515,087,148.46
fund-raising activities
Subtotal cash outflow from fund-raising
1,046,777,445.96 1,777,230,819.43
activities
44
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Net cash flow from financing activities -545,229,881.16 -1,651,923,456.49
4 The impact of exchange rate changes
-8,508,042.88 15,373,351.47
on cash and cash equivalents
5 Net increase in cash and cash
-609,073,444.86 -1,148,627,878.56
equivalents
Plus: balance of cash and cash
equivalents at the beginning of the 2,226,724,737.39 2,057,997,442.35
reporting period
6 Balance of cash and cash equivalents
1,617,651,292.53 909,369,563.79
at the end of the reporting period
8.Parent company cash flow statement
Unit: RMB yuan
The occurrence amount of the previous
Item Current occurrence amount.
period
Cash flow generated by business
activities:
Cash received from the sale of
287,302,740.44 288,210,111.17
goods and the provision of services
Tax refund received 7,818,605.41 15,350,422.96
Receipt of other cash related to
101,970,749.54 12,296,317.11
business activities
Subtotal cash inflows from
397,092,095.39 315,856,851.24
operating activities
Cash paid for the purchase of
192,442,841.14 205,954,544.12
goods and services
Cash paid to and for employees 69,958,044.07 66,343,519.28
Taxes and fees paid 5,709,726.37 11,520,728.29
Payment of other cash related to
133,106,697.68 55,439,056.74
business activities
Subtotal cash outflow from operating
401,217,309.26 339,257,848.43
activities
Net cash flow from operating activities -4,125,213.87 -23,400,997.19
2 Cash flow generated by investment
activities:
Recover the cash received from the
investment
45
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Cash received from investment
71,958,728.21 75,235,055.57
income
Net cash recovered from disposal
of fixed assets, intangible assets and
other long-term assets
Disposal of net cash received by
subsidiaries and other business units
Receipt of other cash related to
6,209,749,419.70 200,000.00
investment activities
Subtotal cash inflows from investment
6,281,708,147.91 75,435,055.57
activities
Cash paid for the purchase and
construction of fixed assets, intangible 4,553,234.07 8,228,324.76
assets and other long-term assets
Cash paid for investment
Obtain net cash paid by
35,840,000.00
subsidiaries and other business units
Payment of other cash related to
6,378,749,419.70 930,000,000.00
investment activities
Subtotal cash outflow from investment
6,383,302,653.77 974,068,324.76
activities
Net cash flow from investing activities -101,594,505.86 -898,633,269.19
3 Cash flow generated by fund-raising
activities:
Absorb the cash received by the
22,600,000.00
investment
Cash received for obtaining loans
Receipt of other cash related to
124,187,890.90 22,898,959.78
fund-raising activities
Subtotal cash inflows from fund-raising
146,787,890.90 22,898,959.78
activities
Cash paid to repay debts 90,000,000.00 50,000,000.00
Cash paid for the distribution of
2,326,561.90 3,315,750.92
dividends, profits, or interest payments
Payment of other cash related to
596,361,181.41 101,234,948.46
fund-raising activities
Subtotal cash outflow from fund-raising
688,687,743.31 154,550,699.38
activities
46
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Net cash flow from financing activities -541,899,852.41 -131,651,739.60
4 The impact of exchange rate changes
on cash and cash equivalents
5Net increase in cash and cash
-647,619,572.14 -1,053,686,005.98
equivalents
Plus: balance of cash and cash
equivalents at the beginning of the 1,770,491,895.62 1,432,283,149.36
reporting period
6 Balance of cash and cash equivalents
1,122,872,323.48 378,597,143.38
at the end of the reporting period
II. Explanation of the adjustment of financial statements
1. For the first time since 2020, the implementation of the new income standard and the new leasing
standard will be adjusted for the first implementation of the financial statements at the beginning of the
year.
√ Applicable □ Not applicable
Whether to adjust the balance sheet accounts at the beginning of the year
√ Yes □ No
Consolidated balance sheet
Unit: RMB yuan
Item December 31, 2019 January 1, 2020 Adjust integer
Current assets:
Monetary funds 2,356,703,434.60 2,356,703,434.60
Settlement provisions
Dismantling funds
Transactional financial assets 1,164,039,381.59 1,164,039,381.59
Derivative financial assets
Notes receivable
Accounts receivable 597,431,210.02 597,431,210.02
Receivable financing 55,447,099.32 55,447,099.32
Advance payment 25,901,123.85 25,901,123.85
Premium receivable
47
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Receivable reinsurance account
Provision for reinsurance contract
receivable
Other receivables 79,573,114.49 79,573,114.49
Of which: interest receivable 721,935.36 721,935.36
Dividend receivable
Buy back resale financial assets
Inventory 671,432,701.11 671,432,701.11
Contract assets
Holding assets for sale
Non-current assets due within one year 356,983.48 356,983.48
Other current assets 22,346,314.29 22,346,314.29
Total current assets 4,973,231,362.75 4,973,231,362.75
Non-current assets:
Loans and advances
Debt investment
Other debt investments
Long-term receivables
Long-term equity investment 72,372,355.03 72,372,355.03
Investment in other equity instruments
Other non-current financial assets 20,559,159.34 20,559,159.34
Investment real estate
Fixed assets 585,754,900.75 585,754,900.75
Project under construction 4,839,241.48 4,839,241.48
Productive biological assets
Oil and gas asset
Right-of-use asset
Intangible assets 249,882,429.53 249,882,429.53
Development expenditure
48
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Goodwill 306,633,631.93 306,633,631.93
Long-term prepaid expenses 8,699,236.33 8,699,236.33
Deferred income tax assets 49,025,021.61 49,025,021.61
Other non-current assets 2,518,818.56 2,518,818.56
Total non-current assets 1,300,284,794.56 1,300,284,794.56
Total assets 6,273,516,157.31 6,273,516,157.31
Current liabilities:
Short-term loan 117,888,353.14 117,888,353.14
Borrowing from the Central Bank
Borrowed funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 43,973,859.51 43,973,859.51
Accounts payable 472,862,744.45 472,862,744.45
Advance receipts 286,511,724.62 -286,511,724.62
Contract liabilities 286,511,724.62 286,511,724.62
Selling back financial assets
Deposits and Interbank deposit
Agent trading securities
Agent underwriting securities
Salary payable to staff and workers 106,677,329.95 106,677,329.95
Taxes payable 48,928,229.51 48,928,229.51
Other payables 90,950,443.16 90,950,443.16
Of which: interest payable 1,410,745.58 1,410,745.58
Dividend payable
Fees and commissions
Reinsurance accounts payable
Holding liabilities for sale
Non-current liabilities due within one 353,399,238.29 353,399,238.29
49
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
year
Other current liabilities
Total current liabilities 1,521,191,922.63 1,521,191,922.63
Non-current liabilities:
Insurance contract reserve
Long term loan 224,146,667.48 224,146,667.48
Bonds payable
Of which: preferred stock
Perpetual debt
Lease liability
Long-term payables
Long-term salary payable to staff and
12,252,657.36 12,252,657.36
workers
Estimated liabilities 78,650,466.48 78,650,466.48
Deferred income 18,275,808.90 18,275,808.90
Deferred income tax liabilities 16,915,692.91 16,915,692.91
Other non-current liabilities
Total non-current liabilities 350,241,293.13 350,241,293.13
Total Liabilities 1,871,433,215.76 1,871,433,215.76
Owners' equity:
Share capital 1,838,647,096.00 1,838,647,096.00
Other equity instruments
Of which: preferred stock
Perpetual debt
Capital reserve 3,862,377,838.84 3,862,377,838.84
Minus: treasury shares 160,088,925.60 160,088,925.60
Other comprehensive income 24,971,085.32 24,971,085.32
Special reserves
Surplus reserve 51,830,974.45 51,830,974.45
50
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
General risk preparation
Undistributed profit -1,280,673,461.14 -1,280,673,461.14
Total equity attributable to owners of parent
4,337,064,607.87 4,337,064,607.87
company
Minority shareholder interest 65,018,333.68 65,018,333.68
Total owner's equity 4,402,082,941.55 4,402,082,941.55
Total Liabilities and Owner's Equity 6,273,516,157.31 6,273,516,157.31
Adjustment description.
Parent company balance sheet
Unit: RMB yuan
Item December 31, 2019 January 1, 2020 Adjust integer
Current assets:
Monetary funds 1,899,380,375.38 1,899,380,375.38
Transactional financial
1,163,000,000.00 1,163,000,000.00
assets
Derivative financial
assets
Notes receivable
Accounts receivable 151,096,214.10 151,096,214.10
Receivable financing 51,139,322.12 51,139,322.12
Advance payment 3,233,763.27 3,233,763.27
Other receivables 36,670,496.12 36,670,496.12
Of which: interest
receivable
Dividend
receivable
Inventory 111,225,290.10 111,225,290.10
Contract assets
51
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Holding assets for sale
Non-current assets due
356,983.48 356,983.48
within one year
Other current assets 4,961,417.06 4,961,417.06
Total current assets 3,421,063,861.63 3,421,063,861.63
Non-current assets:
Debt investment
Other debt investments
Long-term receivables
Long-term equity
439,638,782.00 439,638,782.00
investment
Investment in other
equity instruments
Other non-current
financial assets
Investment real estate
Fixed assets 340,791,611.76 340,791,611.76
Project under
83,070.80 83,070.80
construction
Productive biological
assets
Oil and gas asset
Right-of-use asset
Intangible assets 60,733,612.10 60,733,612.10
Development
expenditure
Goodwill
Long-term prepaid
3,335,014.92 3,335,014.92
expenses
52
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Deferred income tax
4,923,465.18 4,923,465.18
assets
Other non-current assets 585,189.00 585,189.00
Total non-current assets 850,090,745.76 850,090,745.76
Total assets 4,271,154,607.39 4,271,154,607.39
Current liabilities:
Short-term loan 90,000,000.00 90,000,000.00
Transactional financial
liabilities
Derivative financial
liabilities
Notes payable 43,843,859.51 43,843,859.51
Accounts payable 70,687,704.41 70,687,704.41
Advance receipts 17,451,789.10 -17,451,789.10
Contract liabilities 17,451,789.10 17,451,789.10
Salary payable to staff
26,144,254.56 26,144,254.56
and workers
Taxes payable 1,921,575.57 1,921,575.57
Other payables 50,214,415.95 50,214,415.95
Of which: interest
payable
Dividend
payable
Holding liabilities for
sale
Non-current liabilities
due within one year
Other current liabilities
Total current liabilities 300,263,599.10 300,263,599.10
53
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
Non-current liabilities:
Long term loan
Bonds payable
Of which: preferred
stock
Perpetual
debt
Lease liability
Long-term payables
Long-term salary
payable to staff and workers
Estimated liabilities
Deferred income 14,423,631.66 14,423,631.66
Deferred income tax
liabilities
Other non-current
liabilities
Total non-current liabilities 14,423,631.66 14,423,631.66
Total Liabilities 314,687,230.76 314,687,230.76
Owners' equity:
Share capital 1,838,647,096.00 1,838,647,096.00
Other equity instruments
Of which: preferred
stock
Perpetual
debt
Capital reserve 3,608,591,602.42 3,608,591,602.42
Minus: treasury shares 160,088,925.60 160,088,925.60
Other comprehensive
54
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2020 Report
income
Special reserves
Surplus reserve 51,830,974.45 51,830,974.45
Undistributed profit -1,382,513,370.64 -1,382,513,370.64
Total owner's equity 3,956,467,376.63 3,956,467,376.63
Total Liabilities and Owner's
4,271,154,607.39 4,271,154,607.39
Equity
Adjustment description.
2. The first time to implement the new income standard and the new leasing standard retrospectively adjust
the comparative data in the previous period from 2020
□ Applicable √ Not applicable
III. Audit report
Whether the first quarter report has been audited
□ Yes √ No
The company's first quarter report has not been audited.
55
