Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Guangdong Dongfang Precision Science&Technology Co.,Ltd.
Q1 2021 Report
April 2021
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Part I Important Notes
The Board of Directors (or the “Board”), the Supervisory Committee as well as the
directors, supervisors and senior management of Guangdong Dongfang Precision Science &
Technology Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee that the
contents of this Report are true, accurate and complete and free of any misrepresentations,
misleading statements or material omissions, and collectively and individually accept legal
responsibility for such contents.
All the directors of the Company attended in person the board meeting for the approval
of this Report.
Tang Zhuolin, the Company’s legal representative, Shao Yongfeng, the Company’s Chief
Financial Officer, and Yao Bin, the Head of the Company’s Accounting Department
(equivalent to Financial Manager) hereby guarantee that the financial statements carried in
this Report are truthful, accurate and complete.
This Report has been prepared in Chinese and translated into English. Should there be
any discrepancies or misunderstandings between the two versions, the Chinese version shall
prevail.
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Part II Basic Information
I Key Financial Information
Indicate whether there is any retrospectively restated datum in the table below.
□ Yes √ No
Q1 2021 Q1 2020 Change(%)
Operating revenue (RMB) 636,432,223.23 618,374,944.67 2.92%
Net profit attributable to the listed
64,628,103.90 47,491,377.77 36.08%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before exceptional 51,969,185.59 25,666,651.19 102.48%
gains and losses (RMB)
Net cash generated from/used in operating
57,536,376.72 -85,471,622.64 167.32%
activities (RMB)
Basic earnings per share (RMB/share) 0.04 0.03 33.33%
Diluted earnings per share (RMB/share) 0.04 0.03 33.33%
Weighted average return on equity (%) 1.56% 1.09% 0.47%
31 March 2021 31 December 2020 Change(%)
Total assets (RMB) 6,428,626,466.86 6,323,236,687.05 1.67%
Equity attributable to the listed company’s
4,120,726,030.14 4,158,538,499.75 -0.91%
shareholders (RMB)
Exceptional Gains and Losses
√ Applicable □ Not applicable
Unit: RMB
Item Q1 2021 Note
Gain or loss on disposal of non-current assets (inclusive of
275,491.34
impairment allowance write-offs)
Government grants through profit or loss (exclusive of
government grants given in the Company’s ordinary course of
2,287,586.88
business at fixed quotas or amounts as per the government’s
uniform standards)
Gain or loss on fair-value changes on held-for-trading and
derivative financial assets and liabilities & income from disposal
12,188,114.89
of held-for-trading and derivative financial assets and liabilities
and other debt investments (exclusive of the effective portion of
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
hedges that arise in the Company’s ordinary course of business)
Non-Operating Revenue and expenses other than the above 465,836.61
Less: Income tax effects 2,342,026.64
Non-controlling interests effects (net of tax) 216,084.77
Total 12,658,918.31 --
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss
Items:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
II Total Number of Shareholders and Information of Top 10 Shareholders
1. Total Number of Ordinary Shareholders and Number of Preference Shareholders with Resumed Voting
Rights, as well as Information of Top 10 Shareholders
Unit: shares
Number of preference
Number of ordinary shareholders at
39,077 shareholders with resumed voting 0
the period-end
rights at the period-end (if any)
Top 10 shareholders
Name of Nature of Shareholding Total shares held Restricted Shares in pledge or frozen
shareholder shareholder percentage at the period-end shares held Status Shares
Domestic
Tang Zhuolin 17.53% 270,737,568 203,053,176 In pledge 187,000,000
individual
Domestic
Tang Zhuomian 8.80% 135,885,134 0
individual
Pulead
State-owned
Technology 3.98% 61,454,378 0
corporation
Industry Co., Ltd.
Beijing
Automotive
State-owned
Group Industry 3.14% 48,511,689 0
corporation
Investment Co.,
Ltd.
Contemporary Domestic
Amperex non-state-owned 3.01% 46,490,368 0
Technology Co., corporation
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Ltd.
Domestic
Ruan Huili 2.82% 43,500,000 0
individual
JIC Investment State-owned
2.54% 39,215,685 0
Co., Ltd. corporation
Luzhou Industrial
State-owned
Investment Group 2.06% 31,770,010 0
corporation
Co., Ltd.
Huarong
Securities－
China Merchants
Securities－
Other 2.03% 31,372,549 0
Huarong Youzhi
Collective Asset
Management Plan
No. 1
Domestic
Qiu Yezhi 2.02% 31,176,518 23,382,388
individual
Top 10 unrestricted shareholders
Shares by type
Name of shareholder Unrestricted shares held at the period-end
Type Shares
RMB-denominated
Tang Zhuomian 135,885,134 135,885,134
ordinary stock
RMB-denominated
Tang Zhuolin 67,684,392 67,684,392
ordinary stock
Pulead Technology Industry Co., RMB-denominated
61,454,378 61,454,378
Ltd. ordinary stock
Beijing Automotive Group Industry RMB-denominated
48,511,689 48,511,689
Investment Co., Ltd. ordinary stock
Contemporary Amperex Technology RMB-denominated
46,490,368 46,490,368
Co., Ltd. ordinary stock
RMB-denominated
Ruan Huili 43,500,000 43,500,000
ordinary stock
RMB-denominated
JIC Investment Co., Ltd. 39,215,685 39,215,685
ordinary stock
Luzhou Industrial Investment Group RMB-denominated
31,770,010 31,770,010
Co., Ltd. ordinary stock
Huarong Securities－China RMB-denominated
31,372,549 31,372,549
Merchants Securities－Huarong ordinary stock
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Youzhi Collective Asset
Management Plan No. 1
Qinghai Puren Intelligent
RMB-denominated
Technology R & D Center (Limited 26,628,340 26,628,340
ordinary stock
Partnership)
Mr. Tang Zhuolin and Mr. Tang Zhuomian are brothers. On 18 August 2010, they signed the
Agreement on Acting in Concert. Pulead Technology Industry Co., Ltd. and Qinghai Puren
Related or acting-in-concert parties
Intelligent Technology R & D Center (Limited Partnership) are acting-in-concert parties.
among the shareholders above
Apart from that, the Company is not aware of any related or acting-in-concert parties among
the other shareholders above.
As of 31 March 2021, Pulead Technology Industry Co., Ltd. held 61,454,256 shares in the
Company in its client account of collateral securities for margin trading in China Securities
Top 10 ordinary shareholders Co., Ltd.; and Luzhou Industrial Investment Group Co., Ltd. held 31,770,010 shares in the
involved in securities margin trading Company in its client account of collateral securities for margin trading in Guotai Junan
(if any) Securities Co., Ltd.; and Qinghai Puren Intelligent Technology R & D Center (Limited
Partnership) held 26,628,300 shares in the Company in its client account of collateral
securities for margin trading in China Securities Co., Ltd.;
Indicate whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the Company conducted
any promissory repo during the Reporting Period.
□ Yes √ No
No such cases in the Reporting Period.
2. Total Number of Preference Shareholders and Information of Top 10 Preference Shareholders
□ Applicable √ Not applicable
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Part III Significant Events
I Changes in Key Financial Data and Indicators and the Reasons
√Applicable □ Not applicable
Unit: RMB
1. Balance sheet items
31 March 31 December Change
Items Change(%) Notes
2021 2020 amount
Mainly due to the transfer of some large certificates of
Cash and bank balances 1,326,498,727.17 885,711,053.88 440,787,673.29 49.77% deposit and the recovery of funds from wealth management
products during the period.
Prepayments 43,782,399.19 29,109,416.21 14,672,982.98 50.41% Mainly due to an increase in purchases during the period.
Mainly due to the collection of long-term receivables due in
Long-term receivables 836,000.00 1,475,000.00 -639,000.00 -43.32%
the current period.
Mainly due to the transfer of some large certificates of
Other non-current assets 673,638,747.48 936,540,047.40 -262,901,299.92 -28.07%
deposit during the period.
Mainly due to the repayment of some of the borrowings due
Short-term borrowings 225,833,831.08 39,533,281.84 186,300,549.24 471.25% during the period, as well as the addition of new short-term
borrowings.
Current portion of non-current Mainly due to the repayment of some of the borrowings due
48,424,885.76 226,597,528.74 -178,172,642.98 -78.63%
liabilities within one year during the period.
Mainly due to changes in translation of foreign currency
Other comprehensive income 7,925,845.77 20,026,089.70 -12,100,243.93 -60.42%
statements as a result of changes in exchange rates.
Mainly due to the increase in receipts from sales business
Contract liabilities 460,417,805.17 362,792,713.35 97,625,091.82 26.91%
during the period.
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
2. Income statement items
Change
Items Q1 2021 Q1 2020 Change(%) Notes
amount
Mainly due to the increased investment in research and
R&D expenses 20,080,208.07 13,749,361.22 6,330,846.85 46.04%
development during the period.
Mainly due to the decrease in interest expenses on loans and
Finance costs -2,337,549.85 3,624,557.98 -5,962,107.83 -164.49%
exchange losses during the period.
Investment income 37,814,460.29 21,624,480.68 16,189,979.61 74.87% Mainly due to the securities investment during the period.
Gain/loss on changes in fair value -14,286,064.93 1,514,846.98 -15,800,911.91 -1043.07% Mainly due to the securities investment during the period.
Mainly due to the reversal of inventory valuation loss during
Asset impairment loss 960,740.25 -1,594,314.49 2,555,054.74 -160.26%
the period.
3. Cash flow statement items
Change
Items Q1 2021 Q1 2020 Change(%) Notes
amount
Net cash generated from/used in 57,536,376.72 -85,471,622.64 143,007,999.36 167.32% Mainly due to the increase in receipts from sales business
operating activities during the period.
Net cash generated from/used in 506,133,874.10 485,264,213.23 20,869,660.87 4.30%
No significant changes during the period.
investing activities
Net cash generated from/used in -110,000,975.49 -92,031,901.83 -17,969,073.66 19.52% Mainly due to the share repurchase during the period.
financing activities
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
II Progress, Influence and Solutions with Regard to Significant Events
√Applicable □ Not applicable
1. The Completion of the Ownership Transfer of the Grant of Reserved Restricted Shares under the 2020 Restricted Share
Incentive Plan
In February 2021, the Company completed the ownership transfer of the 4,240,000 restricted shares to 18 awardees at RMB1.00/share,
the listing date of which is 25 February 2021. For details, see the Announcement on the Completion of the Ownership Transfer of the
Grant of Reserved Restricted Shares under the 2020 Restricted Share Incentive Plan disclosed by the Company on www.cninfo.com.cn
dated 26 February 2021.
2. The Completion of the Repurchase and Retirement of 900,000 Restricted Shares
On 14 January 2021, the Proposal on the Repurchase and Retirement of Certain Restricted Shares was approved at the First
Extraordinary General Meeting of 2021. As two awardees resigned from the Company and were disqualified for the equity incentives,
the Company decided to repurchase and retire the 900,000 restricted shares that had been granted to them but were still locked up. The
repurchase and retirement of these restricted shares was completed on 24 February 2021. For details, see the Announcement on the
Completion of the Repurchase and Retirement of Certain Restricted Shares disclosed by the Company on www.cninfo.com.cn dated 26
February 2021.
Overview Disclosure Date Website
Announcement on the Completion of the
Ownership Transfer of the Grant of
26 February 2021 www.cninfo.com.cn
Reserved Restricted Shares under the 2020
Restricted Share Incentive Plan
Announcement on the Completion of the
Repurchase and Retirement of Certain 26 February 2021 www.cninfo.com.cn
Restricted Shares
Progress on any share repurchase:
√Applicable □ Not applicable
The 2020 share repurchase plan was approved at the 49th (Extraordinary) Meeting of the 3rd Board of Directors and the Third
Extraordinary General Meeting of 2020 on 24 June 2020 respectively. The Company used a total amount of no less than RMB500
million (inclusive) and no more than RMB1,000 million (inclusive) to repurchase shares at prices of no more than RMB6.42/share.
All the repurchased shares would be retired to reduce the registered capital. The implementation period was within 12 months as the
share repurchase plan was approved by the general meeting.
As of 31 March 2021, a total of 127,215,648 shares (8.24% of the Company’s total share capital) were repurchased by way of
centralized bidding, with a total payment of approximately RMB600 million (exclusive of transaction costs, highest transaction price:
RMB5.10/share; lowest transaction price: RMB3.88/share).
Progress on reducing the repurchased shares by way of centralized bidding:
□ Applicable √ Not applicable
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
III Undertakings of the Company’s Actual Controller, Shareholders, Related Parties and
Acquirers, as well as the Company Itself and Other Entities Unfulfilled and Overdue at the
Period-End
□ Applicable √ Not applicable
No such cases for the Reporting Period.
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
IV Financial Investments
1. Securities Investments
√ Applicable □ Not applicable
Unit: RMB
Cumulative
Gain/loss on
Opening fair-value Closing
Security Security Initial Measurement fair-value Purchased in Sold in the Gain/loss in Accounting Funding
Security type carrying changes carrying
code name investment cost method changes in the period period the period title source
amount recognized amount
the period
in equity
Domestically/ Financial
overseas - - Fair value -16,593,060.20 365,940,859.79 174,070,668.27 11,071,762.12 175,277,131.32 assets held Self-funded
listed stocks for trading
Financial
Trust
- - 504,767,340.61 Fair value 504,767,340.61 -68,493.14 6,164,385.85 504,698,847.47 assets held Self-funded
products
for trading
Financial
Funds - - 619,890,000.00 Fair value 619,890,000.00 100,294.27 100,294.27 619,990,294.27 assets held Self-funded
for trading
Financial
Others - - 511,639,089.70 Fair value 511,639,089.70 -806,999.92 146,693,712.72 546,740,681.95 1,379,701.42 110,785,120.55 assets held Self-funded
for trading
Total 1,636,296,430.31 -- 1,636,296,430.31 -17,368,258.99 0.00 512,634,572.51 720,811,350.22 18,716,143.66 1,410,751,393.61 -- --
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
On 27 March 2020, the Board of Directors of the Company held a meeting to consider and approve the proposal relating to securities investment for the year
2020 and submitted them to the shareholders' meeting for consideration, with the securities investment valid for 12 months from the date of approval at the
Disclosure date of the board
shareholders' meeting and the announcement date of the Board of Directors' resolution was 28 March 2020; and on 29 March 2021, the Board of Directors held
announcement approving the
a meeting to consider and approve the proposal relating to securities investment for the year 2021 and submitted them to the shareholders' meeting for
securities investments
consideration, with the securities investment valid for 12 months from the date of approval at the shareholders' meeting and the announcement date of the board
resolution is 30 March 2021.
Disclosure date of the general On 13 April 2020, the shareholders' meeting was held to consider and approve the proposal relating to securities investment for the year 2020, and the
meeting announcement announcement date of the resolution of the shareholders' meeting was 14 April 2020; and On 19 April 2021, the shareholders' meeting was held to consider and
approving the securities approve the proposal relating to securities investment for the year 2021, and the announcement date of the resolution of the shareholders' meeting was 20 April
investments (if any) 2021.
2. Investments in Derivative Financial Instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
V Progress of Investment Projects with Raised Funds
□ Applicable √Not applicable
VI Forecast of the Operating Performance from January to June 2021
□ Applicable √Not applicable
VII Significant Contracts Arising in the Ordinary Course of Business
□ Applicable √Not applicable
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
VIII Cash Entrusted for Wealth Management
√ Applicable □ Not applicable
Unit: RMB’0,000
Unrecovered overdue
Type Funding source Amount Undue amount
amount
Bank’s wealth
Self-funded 50,885.69 4,500 0
management product
Securities firm’s wealth
Self-funded 60,000 60,000 0
management product
Trust product Self-funded 50,000 50,000 0
Total 160,885.69 114,500 0
High-risk wealth management transactions with a significant single amount or with low security, low liquidity and no principal
protection:
□ Applicable √ Not applicable
Wealth management transactions where the principal is expectedly irrecoverable or an impairment may be incurred:
□ Applicable √ Not applicable
IX Irregularities in Provision of Guarantees
□ Applicable √ Not applicable
No such cases in the Reporting Period.
X Occupation of the Company’s Capital by the Controlling Shareholder or Its Related Parties
for Non-Operating Purposes
□ Applicable √ Not applicable
No such cases in the Reporting Period.
XI Communications with the Investment Community such as Researches, Inquiries and
Interviews
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Unit: RMB
Item 31 March 2021 31 December 2020
Current assets:
Cash and bank balances 1,326,498,727.17 885,711,053.88
Financial assets held for trading 1,410,751,393.61 1,636,296,430.31
Notes receivable 11,800,000.00 12,744,582.88
Accounts receivable 479,522,268.48 469,635,423.58
Receivable financing 67,828,343.55 56,737,978.04
Prepayments 43,782,399.19 29,109,416.21
Other receivables 72,856,286.34 79,103,472.64
Including: Interest receivable 1,062,075.70 587,074.81
Inventories 798,616,561.86 734,120,595.26
Contract assets 31,987,882.67 29,504,693.97
Current portion of non-current
2,556,000.00 2,556,000.00
assets
Other current assets 18,330,760.15 22,271,217.65
Total current assets 4,264,530,623.02 3,957,790,864.42
Non-current assets:
Long-term receivables 836,000.00 1,475,000.00
Long-term equity investment 72,052,743.62 72,671,204.73
Other non-current financial assets 5,937,376.24 5,948,588.15
Fixed assets 559,802,619.08 571,413,480.14
Construction in progress 8,125,033.65 9,062,038.52
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Right-of-use assets 91,296,861.47
Intangible assets 320,983,533.24 332,387,182.69
Goodwill 317,727,672.78 324,904,239.97
Long-term prepaid expenses 12,322,580.50 12,096,981.78
Deferred tax assets 101,372,675.78 98,947,059.25
Other non-current assets 673,638,747.48 936,540,047.40
Total non-current assets 2,164,095,843.84 2,365,445,822.63
Total assets 6,428,626,466.86 6,323,236,687.05
Current liabilities:
Short-term borrowings 225,833,831.08 39,533,281.84
Financial liabilities held for trading 41,408,109.80 41,408,109.80
Notes payable 88,918,868.45 104,855,187.97
Accounts payable 484,018,893.69 503,042,561.05
Contract liabilities 460,417,805.17 362,792,713.35
Employee benefits payable 96,638,143.90 92,623,562.93
Tax payable 45,647,293.94 36,369,777.05
Other payables 87,475,714.71 81,743,851.64
Current portion of non-current
48,424,885.76 226,597,528.74
liabilities
Other current liabilities 22,601,714.80 20,532,046.04
Total current liabilities 1,601,385,261.30 1,509,498,620.41
Non-current liabilities:
Long-term borrowings 311,932,511.46 353,412,388.29
Lease liabilities 87,289,189.63
Long-term employee benefits
21,692,970.68 18,451,652.74
payable
Provisions 102,399,513.62 105,450,257.63
Deferred income 16,507,908.11 16,861,488.27
Deferred tax liabilities 23,400,540.49 19,296,386.16
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Other non-current liabilities 65,977,640.15 68,737,415.25
Total non-current liabilities 629,200,274.14 582,209,588.34
Total Liabilities 2,230,585,535.44 2,091,708,208.75
Equity:
Share capital 1,544,226,957.00 1,545,126,957.00
Capital surplus 4,008,264,910.83 4,002,393,061.81
Less: Treasury stock 675,290,325.27 579,403,185.12
Other comprehensive income 7,925,845.78 20,026,089.70
Special reserve 10,632,400.51 10,057,438.97
Surplus reserves 51,830,974.45 51,830,974.45
Retained earnings -826,864,733.16 -891,492,837.06
Total equity attributable to owners of the
4,120,726,030.14 4,158,538,499.75
parent
Non-controlling interests 77,314,901.28 72,989,978.55
Total equity 4,198,040,931.42 4,231,528,478.30
Total liabilities and equity 6,428,626,466.86 6,323,236,687.05
Legal representative: Tang Zhuolin Chief in charge of accounting work: Shao Yongfeng Head of accounting institution: Yao Bin
2. Parent Company Balance Sheet
Unit: RMB
Item 31 March 2021 31 December 2020
Current assets:
Cash and bank balances 377,356,111.70 134,020,813.88
Financial assets held for trading 1,190,440,180.18 1,539,762,030.97
Accounts receivable 158,394,483.32 153,517,438.90
Receivable financing 48,220,548.92 53,245,689.47
Prepayments 6,895,061.91 2,641,946.74
Other receivables 354,273,721.99 68,388,543.22
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Inventories 128,544,407.03 123,156,907.36
Contract assets 1,530,438.38 4,470,173.25
Current portion of non-current
2,556,000.00 2,556,000.00
assets
Other current assets 18,942.75 18,942.75
Total current assets 2,268,229,896.18 2,081,778,486.54
Non-current assets:
Long-term receivables 836,000.00 1,475,000.00
Long-term equity investment 464,247,504.94 464,794,856.81
Fixed assets 325,002,829.95 329,230,669.84
Construction in progress 359,752.18 351,261.61
Right-of-use assets 21,201,381.47
Intangible assets 57,557,957.07 58,215,631.98
Long-term prepaid expenses 3,890,157.48 3,475,004.06
Deferred tax assets 33,621,285.65 32,570,759.90
Other non-current assets 673,122,689.00 935,660,189.00
Total non-current assets 1,579,839,557.74 1,825,773,373.20
Total assets 3,848,069,453.92 3,907,551,859.74
Current liabilities:
Notes payable 43,486,181.71 55,312,772.43
Accounts payable 52,707,512.93 53,044,344.90
Contract liabilities 25,879,751.65 22,116,154.74
Employee benefits payable 17,849,885.96 16,961,090.03
Tax payable 4,458,136.16 5,181,895.95
Other payables 46,695,431.87 50,884,934.80
Current portion of non-current
4,319,265.49
liabilities
Other current liabilities 2,498,425.02 2,253,619.05
Total current liabilities 197,894,590.79 205,754,811.90
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Non-current liabilities:
Lease liabilities 17,193,709.63
Deferred income 13,027,806.66 13,306,971.66
Deferred tax liabilities 3,894,304.65 3,894,304.65
Total non-current liabilities 34,115,820.94 17,201,276.31
Total Liabilities 232,010,411.73 222,956,088.21
Equity:
Share capital 1,544,226,957.00 1,545,126,957.00
Capital surplus 3,851,421,723.30 3,846,323,477.68
Less: Treasury stock 675,290,325.27 579,403,185.12
Special reserve 4,241,189.66 3,835,986.08
Surplus reserves 51,830,974.45 51,830,974.45
Retained earnings -1,160,371,476.95 -1,183,118,438.56
Total equity 3,616,059,042.19 3,684,595,771.53
Total liabilities and equity 3,848,069,453.92 3,907,551,859.74
3. Consolidated Income Statement
Unit: RMB
Item Q1 2021 Q1 2020
Total operating revenue 636,432,223.23 618,374,944.67
Including: Operating revenue 636,432,223.23 618,374,944.67
Total operating cost 579,492,091.36 581,488,481.66
Including: Cost of sales 432,070,127.91 457,636,080.05
Taxes and surcharges 4,047,391.51 3,914,520.73
Selling expenses 57,114,645.46 46,892,860.86
Administrative expenses 68,517,268.26 55,671,100.82
R&D expenses 20,080,208.07 13,749,361.22
Finance costs -2,337,549.85 3,624,557.98
Including: Interest expenses 2,917,762.69 4,578,253.59
Interest income 5,180,086.23 5,541,448.43
Add: Other income 2,415,015.19 548,066.08
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Investment income (loss with "-" sign) 37,814,460.29 21,624,480.68
Including: Share of profit or loss of joint
-547,351.87 5,853.72
ventures and associates
Gain/loss on changes in fair value (loss
-14,286,064.93 1,514,846.98
with "-" sign)
Credit impairment loss (loss is listed with
989,233.70
"-" sign)
Asset impairment loss (loss with "-" sign) 960,740.25 -1,594,314.49
Gain/loss on disposal of assets (loss with
275,491.34
"-" sign)
Operating profit (losses are listed with "-" sign) 85,109,007.71 58,979,542.26
Add: Non-operating income 757,631.05 2,379,749.43
Less: Non-operating expenses 291,794.44 371,285.41
Gross profit (the gross loss shall be filled in with the
85,574,844.32 60,988,006.28
sign "-")
Less: Income tax expenses 15,711,510.94 15,109,392.60
Net profit (net loss is listed with "-" sign) 69,863,333.38 45,878,613.68
(1) Net profit from continuing operations
i. Net profit from continuing operations (net loss
69,863,333.38 45,878,613.68
with "-" sign)
(2) Net profit classified by attribution of
ownership
i. Net profit attributable to owners of the parent 64,628,103.90 47,491,377.77
ii. Net profit attributable to non-controlling
5,235,229.48 -1,612,764.09
interests
Other comprehensive income/(loss), net of tax -13,010,550.67 -187,875.31
Other comprehensive income/(loss) attributable
-12,100,243.92 -187,875.31
to owners of the parent, net of tax
(1) Other comprehensive loss that will not
-468,405.38
be reclassified to profit or loss
i. Changes caused by remeasurements
-468,405.38
on defined benefit schemes
(2) Other comprehensive income/(loss) that
-11,631,838.54 -187,875.31
will be reclassified to profit or loss
vi. Differences arising from the
translation of foreign currency-denominated financial -11,631,838.54 -187,875.31
statements
Other comprehensive income attributable to
-910,306.75
non-controlling interests, net of tax
Total comprehensive income 56,852,782.71 45,690,738.37
19
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Total comprehensive income attributable to
52,527,859.98 47,303,502.46
owners of the parent
Total comprehensive income attributable to
4,324,922.73 -1,612,764.09
non-controlling interests
Earnings per share:
(1) Basic earnings per share 0.04 0.03
(2) Diluted earnings per share 0.04 0.03
Legal representative: Tang Zhuolin Chief in charge of accounting work: Shao Yongfeng Head of accounting institution: Yao Bin
4. Parent Company Income Statement
Unit: RMB
Item Q1 2021 Q1 2020
Operating Revenue 94,362,781.03 62,887,114.38
Less: Cost of sales 52,636,336.62 37,107,803.20
Taxes and surcharges 2,688,456.85 3,010,272.32
Selling expenses 4,168,126.23 5,190,034.53
Administrative expenses 22,392,970.34 12,720,151.52
R&D expenses 10,285,156.51 4,486,308.96
Finance costs -4,108,573.37 -841,953.60
Including: Interest expense 483,530.58 1,200,483.33
Interest income 3,666,183.16 4,074,411.00
Add: other income 1,856,593.31 279,165.00
Investment income (loss with "-" sign) 8,835,280.64 21,579,176.54
Including: Share of profit or loss of
-547,351.87 5,853.72
joint ventures and associates
Gain/loss on changes in fair value (loss
2,744,343.27 1,797,561.40
with "-" sign)
Asset impairment loss (loss with "-"
1,633,998.19
sign)
Gain/loss on disposal of assets (loss
275,491.34
with "-" sign)
Operating profit (loss shall be listed with "-"
21,646,014.60 24,870,400.39
sign)
Add: Non-operating income 52,421.26 2,243,761.00
Less: Non-operating expenses 2,000.00 316,600.00
Gross profit (gross loss shall be filled in with the
21,696,435.86 26,797,561.39
sign "-")
Less: Income tax expenses -1,050,525.75 4,021,924.87
Net profit (net loss is listed with "-" sign) 22,746,961.61 22,775,636.52
20
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
Total comprehensive income 22,746,961.61 22,775,636.52
5.Consolidated Statement of Cash Flows
Unit: RMB
Item Q1 2021 Q1 2020
1Cash flows from operating activities:
Proceeds from sale of goods and
731,987,863.56 695,219,287.09
rendering of services
Receipts of taxes and surcharges
11,136,430.41 10,664,890.52
refunds
Cash generated from other
13,378,861.31 13,948,141.53
operating activities
Subtotal of cash generated from
756,503,155.28 719,832,319.14
operating activities
Payments for goods and services 466,797,537.97 536,072,255.86
Cash payments to and on behalf of
83,351,684.73 55,012,239.65
employees
Payments of all types of taxes and
11,887,050.08 16,347,988.73
surcharges
Cash used in other operating
136,930,505.78 197,871,457.54
activities
Subtotal of cash used in operating
698,966,778.56 805,303,941.78
activities
Net cash generated from/used in
57,536,376.72 -85,471,622.64
operating activities
2 Cash flows from investing activities:
Proceeds from disinvestment 980,798,538.60
Investment income 42,308,828.65
Net proceeds from the disposal of
fixed assets, intangible assets and other 519,197.20
long-lived assets
Cash generated from other
2,069,077.00 593,724,030.96
investing activities
Subtotal of cash generated from
1,025,695,641.45 593,724,030.96
investing activities
Payments for the acquisition of
6,927,194.84 74,459,817.73
fixed assets, intangible assets and other
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
long-lived assets
Payments for investments 512,634,572.51
Cash used in other investing
34,000,000.00
activities
Subtotal of cash used in investing
519,561,767.35 108,459,817.73
activities
Net cash generated from/used in
506,133,874.10 485,264,213.23
investing activities
3 Cash flows from financing activities:
Borrowings raised 198,986,769.00 71,352,693.86
Cash generated from other
59,244,800.98
financing activities
Subtotal of cash generated from
258,231,569.98 71,352,693.86
financing activities
Repayment of borrowings 212,772,924.79 158,504,233.87
Interest and dividends paid 2,645,963.85 4,553,361.82
Cash used in other financing
152,813,656.83 327,000.00
activities
Subtotal of cash used in financing
368,232,545.47 163,384,595.69
activities
Net cash generated from/used in
-110,000,975.49 -92,031,901.83
financing activities
4 Effect of foreign exchange rates
-15,098,439.51 2,796,271.09
changes on cash and cash equivalents
5 Net (decrease)/increase in cash and
438,570,835.82 310,556,959.85
cash equivalents
Add: Cash and cash equivalents,
860,601,236.78 2,312,190,271.56
beginning of the period
6 Cash and cash equivalents, end of the
1,299,172,072.60 2,622,747,231.41
period
6.Parent Company Statement of Cash Flow
Unit: RMB
Item Q1 2021 Q1 2020
Cash flow generated by business
activities:
Cash received from the sale of 94,756,154.97 97,293,624.68
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
goods and the provision of services
Receipts of taxes and surcharges
1,064,783.44 2,998,393.83
refunds
Cash generated from other
6,460,009.98 12,528,235.40
operating activities
Subtotal of cash generated from
102,280,948.39 112,820,253.91
operating activities
Payments for goods and services 69,533,004.58 61,587,839.41
Cash payments to and on behalf of
19,460,709.40 20,666,974.47
employees
Payments of all types of taxes and
4,230,508.18 3,753,566.40
surcharges
Cash used in other operating
11,545,422.61 103,647,802.56
activities
Subtotal of cash used in operating
104,769,644.77 189,656,182.84
activities
Net cash generated from/used in
-2,488,696.38 -76,835,928.93
operating activities
2 Cash flows from investing activities:
Proceeds from disinvestment 688,017,072.92
Investment income 52,464,826.57
Net proceeds from the disposal of
fixed assets, intangible assets and other 510,562.75
long-lived assets
Cash generated from other
13,169,027.30 569,686,288.46
investing activities
Subtotal of cash generated from
754,161,489.54 569,686,288.46
investing activities
Payments for the acquisition of
fixed assets, intangible assets and other 5,968,408.90 1,080,828.80
long-lived assets
Payments for investments 79,033,072.92
Cash used in other investing
331,010,000.00
activities
Subtotal of cash used in investing
416,011,481.82 1,080,828.80
activities
Net cash generated from/used in
338,150,007.72 568,605,459.66
investing activities
23
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2021 Report
3 Cash flows from financing activities:
Cash generated from other
12,991,948.92
financing activities
Subtotal of cash generated from
12,991,948.92
financing activities
Repayment of borrowings 1,271,445.72 90,000,000.00
Interest and dividends paid 1,075,452.00
Cash used in other financing
108,188,405.48 327,000.00
activities
Subtotal of cash used in financing
109,459,851.20 91,402,452.00
activities
Net cash generated from/used in
-96,467,902.28 -91,402,452.00
financing activities
4 Effect of foreign exchange rates
-443,605.26
changes on cash and cash equivalents
5 Net (decrease)/increase in cash and
239,193,409.06 399,923,473.47
cash equivalents
Add: Cash and cash equivalents,
126,339,870.71 1,770,491,895.62
beginning of the period
6 Cash and cash equivalents, end of the
365,533,279.77 2,170,415,369.09
period
II Explanation of the Adjustment of Financial Statements
1. Initial Implementation of the New Lease Standard since the fiscal year of 2021, corresponding
adjustments to the relevant items in the financial statements at the beginning of the year
□Applicable √ Not applicable
2. Description of retrospective adjustment to prior comparative data for the initial implementation of the
New Lease Standard since the fiscal year of 2021
□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.
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