Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
Guangdong Dongfang Precision Science&Technology Co.,Ltd.
Q3 2021 Report
The Company as well as all me mbers of the Board of Directors hereby guarantee that
the information disclosed is true, accurate and complete and free of any misrepresentations,
misleading statements or material omissions.
Important Notes:
1. 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.
2. The Company’s legal representative, the Company’s Chief Financial
Officer, and 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.
3. Whether the quarter report has been audited
□ Yes √ No
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.
I Key Financial Information
1. Key Financial Data and Indicators
Indicate whether there is any retrospectively restated datum in the table below.
□ Yes √ No
Q3 2021 Change(%) Q1-Q3 2021 Change(%)
Operating revenue (RMB
1,071,169,589.35 38.31% 2,471,728,553.53 26.63%
yuan)
Net profit attributable to
the listed company’s
129,754,201.64 31.70% 320,871,722.10 42.16%
shareholders (RMB
yuan)
Net profit attributable to
the listed company’s 119,708,244.58 48.00% 275,731,077.14 70.31%
shareholders before
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
exceptional gains and
losses (RMB yuan)
Net cash generated
from/used in operating —— —— 123,716,021.96 -50.31%
activities (RMB yuan)
Basic earnings per share
0.10 39.15% 0.24 60.00%
(RMB yuan /share)
Diluted earnings per
0.10 39.15% 0.24 60.00%
share (RMB yuan /share)
Weighted average return
3.28% 1.06% 7.95% 2.72%
on equity (%)
30 September 2021 31 December 2020 Change(%)
Total assets (RMB) 6,630,829,730.33 6,323,236,687.05 4.86%
Equity attributable to the
listed company’s 4,014,149,425.76 4,158,538,499.75 -3.47%
shareholders (RMB)
2. Exceptional Gains and Losses
√ Applicable □ Not applicable
Unit: RMB yuan
Item Q3 2021 Q1-Q3 2021 Notes
Gain or loss on disposal of non-current assets
9,938.28 254,557.45
(inclusive of impairment allowance write-offs)
Government grants through profit or loss (exclusive
of government grants given in the Company’s
2,032,349.64 8,744,677.29
ordinary course of 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 dis posal of held-for-trading
and derivative financial assets and liabilities and 6,630,606.98 38,167,876.92
other debt investments (exclusive of the effective
portion of hedges that arise in the Company’s
ordinary course of business)
Non-Operating Revenue and expenses other than the
2,744,844.77 2,720,766.46
above
Less: Income tax effects 1,047,578.97 4,007,623.56
Non-controlling interests effects (net of tax) 324,203.64 739,609.60
Total 10,045,957.06 45,140,644.96 --
Other items that meet the definition of Exceptional Gains and Losses:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
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.
3. Changes in Key Financial Data and Indicators and the Reasons
√Applicable □ Not applicable
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
Unit: RMB yuan
(1) Balance sheet items
Items 30 September 2021 31 December 2020 Change amount Change(%) Notes
Mainly due to the transfer of
some large certificates of
Cash and bank deposit and the recovery of some
1,639,145,929.97 885,711,053.88 753,434,876.09 85.07%
balances funds from wealth management
products and securities
investments during the period.
Accounts Mainly due to the increase in
725,086,423.72 469,635,423.58 255,451,000.14 54.39%
receivable sales during the period.
Mainly due to the increase in
orders, resulting in an increase
Prepayments 50,602,032.65 29,109,416.21 21,492,616.44 73.83%
in material purchases during the
period.
Mainly due to the reclassification
Current portion of of other non-current assets to
107,107,500.00 2,556,000.00 104,551,500.00 4090.43%
non-current assets current portion of non-current
assets.
Mainly due to the early
redemption of other non-current
Other non-current assets and reclassification of
299,552,405.96 936,540,047.40 -636,987,641.44 -68.01%
assets other non-current assets to
current portion of non-current
assets during the period.
Mainly due to the addition of
Short-term
371,830,802.69 39,533,281.84 332,297,520.85 840.55% new short-term
borrowings
borrowings during the period.
Mainly due to the increase in
Tax payable 60,331,362.40 36,369,777.05 23,961,585.35 65.88% profit, resulting in an increase in
tax payable during the period.
Current portion of
Mainly due to the repayment of
non-current 40,894,679.18 226,597,528.74 -185,702,849.56 -81.95%
part of the borrowings.
liabilities
Mainly due to the acquisition of
Financial liabilities
5,286,141.68 41,408,109.80 -36,121,968.12 -87.23% minority interests during the
held for trading
period.
Mainly due to the retirement of
Treasury stock 59,060,125.60 579,403,185.12 -520,343,059.52 -89.81% repurchased shares during the
period.
(2) Income statement items
Change
Items Q1-Q3 2021 Q1-Q3 2020 Change(%) Notes
amount
Mainly due to the increased investment in
R&D expenses 72,900,003.34 53,663,442.74 19,236,560.60 35.85%
research and development during the period.
Mainly due to the increase in investment
Investment income 83,707,643.47 53,526,100.78 30,181,542.69 56.39%
income recognized during the period.
Mainly due to the increase in changes in fair
Gain/loss on changes in value recognized for
19,786,150.60 10,224,490.31 9,561,660.29 93.52%
fair value securities investment during the
period.
(3) Cash flow statement items
Change
Items Q1-Q3 2021 Q1-Q3 2020 Change(%) Notes
amount
Mainly due to the increase in sales and
Net cash generated
accounts receivable, as well as the increase in
from/used in 123,716,021.96 248,985,657.24 -125,269,635.28 -50.31%
orders and cash paid for inventory reserves
operating activities
during the period.
Net cash generated Mainly due to the recovery of a large amount
from/used in 981,796,242.31 -304,321,178.06 1,286,117,420.37 422.62% of bank wealth management products during
investing activities the period.
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
II Shareholder Information
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 shareholders with resumed
48,177 0
the period-end voting rights at the period-end
(if any)
Top 10 shareholders
Name of Nature of Shareholding Total shares held Restricted shares Shares in pledge or frozen
shareholder shareholder percentage at the period-end held Status Shares
Domestic
Tang Zhuolin 20.32% 270,737,568 203,053,176 In pledge 187,000,000
individual
Domestic
Tang Zhuomian 7.27% 96,885,134 0
individual
Pulead
State-owned
Technology 4.61% 61,454,378 0
corporation
Industry Co., Ltd.
Contemporary
Domestic
Amperex
non-state-owned 3.36% 44,757,468 0
Technology Co.,
corporation
Ltd.
Luzhou Industrial
Development State-owned
2.38% 31,770,010 0
Investment Group corporation
Co., Ltd.
Huarong
Securities－
China Merchants
Securities－ Other 2.36% 31,372,549 0
Huarong Youzhi
Collective Asset
Management P lan
No. 1
Domestic
Qiu Yezhi 2.34% 31,176,518 23,382,388
individual
Qinghai Puren
Intelligent
Domestic
Technology R &
non-state-owned 2.00% 26,628,340 0
D Center
corporation
(Limited
Partnership)
Domestic
Liang Shujing 1.95% 26,000,000 0
individual
JIC Investment State-owned
1.94% 25,896,385 0
Co., Ltd. corporation
Top 10 unrestricted ordinary shareholders
Shares by type
Name of shareholder Unrestricted shares held at the period-end
Type Shares
RMB-denominated
Tang Zhuomian 96,885,134 96,885,134
ordinary stock
RMB-denominated
Tang Zhuolin 67,684,392 67,684,392
ordinary stock
Pulead Technology Industry Co., 61,454,378 RMB-denominated 61,454,378
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
Ltd. ordinary stock
Contemporary Amperex Technology RMB-denominated
44,757,468 44,757,468
Co., Ltd. ordinary stock
Luzhou Industrial Development RMB-denominated
31,770,010 31,770,010
Investment Group Co., Ltd. ordinary stock
Huarong Securities－China
Merchants Securities－Huarong RMB-denominated
31,372,549 31,372,549
Youzhi Collective Asset ordinary stock
Management P lan No. 1
Qinghai Puren Intelligent
RMB-denominated
Technology R & D Center (Limited 26,628,340 26,628,340
ordinary stock
Partnership)
RMB-denominated
Liang Shujing 26,000,000 26,000,000
ordinary stock
RMB-denominated
JIC Investment Co., Ltd. 25,896,385 25,896,385
ordinary stock
Hong Kong Securities Clearing RMB-denominated
25,719,266 25,719,266
Company Ltd. ordinary stock
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 30 September 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 Co., Ltd.; and Luzhou Industrial Investment Group Co., Ltd. held 31,770,010
shares in the Company in its client account of collateral securities for margin trading in
Top 10 shareholders involved in
Guotai Junan Securities Co., Ltd.; and Qinghai Puren Intelligent Technology R & D Center
securities margin trading (if any)
(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.; and Liang Shujing held
26,000,000 shares in the Company in its client account of collateral securities for margin
trading in China Securities Co., Ltd.
2. Total Number of Preference Shareholders and Information of Top 10 Preference Shareholders
□ Applicable √ Not applicable
III Other Significant Events
√Applicable □ Not applicable
1. Launched a new phase of Share Repurchase Plan
On 22 September 2021, the Second Extraordinary General Meeting of 2021 considered and approved the Proposal on the share
repurchase plan for 2021. The Company would repurchase its shares from the secondary market through centralized b idding trading
with total self-owned funds of RMB500 million (inclusive) at least and RMB1 billion at most. The repurchase price would not
exceed RMB8.34/share. The repurchased shares would be used for the following purposes: not less than 80% of the actua l number of
repurchased shares will be retired to reduce the Company's registered capital; not more than 20% of the actual number of repurchased
shares would be used for share incentive or employee stock ownership plan. The implementation period of the share repurchase plan
for 2021 will be within 12 months from the date of approval of the share repurchase plan by the general meeting of the Company. For
details, please refer to the Report on Share Repurchase disclosed by the Company in China Securities Journal, Securities Times,
Shanghai Securities News and the website of Shenzhen Stock Exchange on 23 September 2021.
As of 30 September 2021, the Company's special securities account for the repurchase had not yet implemented any operation
related to the repurchase of shares; as of the date of submission of this report for disclosure, a total of 13.7728 million shares (1.03%
of the Company’s total share capital) were repurchased by way of centralized bidding, with a total payment of approximately
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
RMB78.3221 million (exclusive of transaction costs, highest transaction price: RMB 5.94/share; lowest transaction price:
RMB5.53/share).
2. Repurchased and retired 150,000 incentive shares granted
On 22 September 2021, the Second Extraordinary General Meeting of 2021 considered and approved the Proposal on the
Repurchase and Retirement of Certain Restricted Shares. In accordance with the relevant provisions of the Administrative Measures for
Share Incentives of Listed Companies and the Company's Restricted Stock Incentive Plan 2020 (Draft) and the Evaluation Measures
for the Implementation of the 2020 Restricted Share Incentive P lan of the Company, it was decided to repurchase and retire 150,000
restricted shares, accounting for approximately 0.011% of the total share capital before this repurchase and retirement.
On 26 October 2021, the repurchase and retirement of the above-mentioned restricted shares was completed by the Company. For
details, please refer to the Announcement on the Completion of the Repurchase and Retirement of Certain Restricted Shares disclosed
by the Company in China Securities Journal, Securities Times, Shanghai Securities News and the website of Shenzhen Stock
Exchange on 28 October 2021.
IV Quarterly Financial Statements
1. Financial Statements
(1) Consolidated Balance Sheet
Prepared by: Guangdong Dongfang Precision Science & Technology Co., Ltd.
30 September 2021
Unit: RMB yuan
Item 30 September 2021 31 December 2020
Current assets:
Cash and bank balances 1,639,145,929.97 885,711,053.88
Settlement provisions
Dismantling funds
Financial assets held for trading 1,251,118,522.33 1,636,296,430.31
Derivative financial assets
Notes receivable 2,150,000.00 12,744,582.88
Accounts receivable 725,086,423.72 469,635,423.58
Receivable financing 48,177,648.24 56,737,978.04
Prepayments 50,602,032.65 29,109,416.21
Premium receivable
Receivable reinsurance account
Provision for reinsurance contract
receivable
Other receivables 64,642,396.69 79,103,472.64
Including: Interest receivable 52,607.81 587,074.81
Dividend receivable
Buy back resale financial assets
Inventories 936,091,610.69 734,120,595.26
Contract assets 3,740,773.85 29,504,693.97
Assets held for sale
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
Current portion of non-current 107,107,500.00 2,556,000.00
assets
Other current assets 44,129,346.52 22,271,217.65
Total current assets 4,871,992,184.66 3,957,790,864.42
Non-current assets:
Loans and advances
Debt investment
Other debt investments
Long-term receivables 2,709,568.85 1,475,000.00
Long-term equity investment 75,214,754.74 72,671,204.73
Investment in other equity
instruments
Other non-current financial assets 5,810,936.18 5,948,588.15
Real estate investment
Fixed assets 546,866,099.25 571,413,480.14
Construction in progress 9,642,024.94 9,062,038.52
Productive biological assets
Oil and gas asset
Right-of-use assets 76,963,902.33
Intangible assets 310,450,632.30 332,387,182.69
Development expenditure
Goodwill 313,761,409.87 324,904,239.97
Long-term prepaid expenses 13,500,557.43 12,096,981.78
Deferred tax assets 104,365,253.82 98,947,059.25
Other non-current assets 299,552,405.96 936,540,047.40
Total non-current assets 1,758,837,545.67 2,365,445,822.63
Total assets 6,630,829,730.33 6,323,236,687.05
Current liabilities:
Short-term borrowings 371,830,802.69 39,533,281.84
Borrowing from the Central Bank
Borrowed funds
Financial liabilities held for trading 5,286,141.68 41,408,109.80
Derivative financial liabilities
Notes payable 135,203,732.09 104,855,187.97
Accounts payable 603,239,540.38 503,042,561.05
Advance receivables
Contract liabilities 442,900,489.11 362,792,713.35
Selling back financial assets
Deposits and Interbank deposit
Agent trading securities
Agent underwriting securities
Employee benefits payable 94,586,629.55 92,623,562.93
Tax payable 60,331,362.40 36,369,777.05
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
Other payables 81,706,281.37 81,743,851.64
Including: Interest payable
Dividend payable
Fees and commissions
Reinsurance accounts payable
Liabilities held for sale
Current portion of non-current 40,894,679.18 226,597,528.74
liabilities
Other current liabilities 13,943,644.50 20,532,046.04
Total current liabilities 1,849,923,302.95 1,509,498,620.41
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 314,508,828.75 353,412,388.29
Bonds payable
Including: Preference Shares
Perpetual bonds
Lease liabilities 60,211,850.35
Long-term payables
Long-term employee benefits 16,433,073.29 18,451,652.74
payable
Provisions 111,632,160.42 105,450,257.63
Deferred income 15,800,747.80 16,861,488.27
Deferred tax liabilities 24,402,237.79 19,296,386.16
Other non-current liabilities 64,452,140.63 68,737,415.25
Total non-current liabilities 607,441,039.03 582,209,588.34
Total Liabilities 2,457,364,341.98 2,091,708,208.75
Equity:
Share capital 1,332,088,167.00 1,545,126,957.00
Other equity instruments
Including: Preference Shares
Perpetual bonds
Capital surplus 3,257,219,586.52 4,002,393,061.81
Less: Treasury stock 59,060,125.60 579,403,185.12
Other comprehensive income -8,128,633.78 20,026,089.70
Special reserve 10,820,572.13 10,057,438.97
Surplus reserves 51,830,974.45 51,830,974.45
General risk preparation
Retained earnings -570,621,114.96 -891,492,837.06
Total equity attributable to owners of the 4,014,149,425.76 4,158,538,499.75
parent
Non-controlling interests 159,315,962.59 72,989,978.55
Total equity 4,173,465,388.35 4,231,528,478.30
Total liabilities and equity 6,630,829,730.33 6,323,236,687.05
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
Legal representative: Tang Zhuolin Chief in charge of accounting work: Shao Yongfeng Head of accounting institution: Yao B in
(2) Consolidated Income Statement for Q1-Q3
Unit: RMB yuan
Item Q1-Q3 2021 Q1-Q3 2020
1 Total operating revenue 2,471,728,553.53 1,951,958,904.48
Including: Operating revenue 2,471,728,553.53 1,951,958,904.48
Interest income
Premiums earned
Fee and commission income
2 Total operating cost 2,179,275,730.20 1,765,794,712.34
Including: Cost of sales 1,755,193,255.34 1,399,258,221.80
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 8,315,762.65 7,793,560.64
Selling expenses 148,295,933.98 120,806,685.92
Administrative expenses 201,190,092.94 184,551,546.73
R&D expenses 72,900,003.34 53,663,442.74
Finance costs -6,619,318.05 -278,745.49
Including: Interest expenses 8,801,348.95 10,237,015.64
Interest income 18,468,389.42 16,848,399.62
Add: Other income 8,886,009.32 8,423,825.78
Investment income (loss with "-" sign) 83,707,643.47 53,526,100.78
Including: Share of profit or loss of joint
ventures and associates 2,653,965.06 198,549.36
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)
Gain/loss on changes in fair value (loss
19,786,150.60 10,224,490.31
with "-" sign)
Credit impairment loss (loss is listed with
1,177,069.04 -1,384,648.98
"-" sign)
Asset impairment loss (loss with "-" sign) -3,577,852.62 -2,073,080.91
Gain/loss on disposal of assets (loss with 254,557.45 -2,291.96
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
"-" sign)
3 Operating profit (losses are listed with "-" sign) 402,686,400.59 254,878,587.16
Add: Non-operating income 3,624,142.99 2,106,749.39
Less: Non-operating expenses 903,376.53 1,517,800.08
5 Gross profit (the gross loss shall be filled in with
405,407,167.05 255,467,536.47
the sign "-")
Less: Income tax expenses 68,984,134.76 25,869,561.72
Net profit (net loss is listed with "-" sign) 336,423,032.29 229,597,974.75
(1) Net profit from continuing operations
i. Net profit from continuing operations (net loss
336,423,032.29 229,597,974.75
with "-" sign)
ii. Net profit from termination of operation (net
loss with "-" sign)
(2) Net profit classified by attribution of
ownership
i. Net profit attributable to owners of the parent 320,871,722.10 225,718,052.39
ii. Net profit attributable to non-controlling
15,551,310.19 3,879,922.36
interests
6 Other comprehensive income/(loss), net of tax -31,058,230.51 -1,816,973.90
Other comprehensive income/(loss) attributable
-28,154,723.48 -1,816,973.90
to owners of the parent, net of tax
(1) Other comprehensive loss that will not
-191,341.26 65,719.32
be reclassified to profit or loss
i. Changes caused by remeasurements
-191,341.26 65,719.32
on defined benefit schemes
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/(loss) that
-27,963,382.22 -1,882,693.22
will be reclassified to 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
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
v. Cash flow hedging reserve
vi. Differences arising from the
translation of foreign currency-denominated financial -27,963,382.22 -1,882,693.22
statements
vii. Other
Other comprehensive income attributable to
-2,903,507.03
non-controlling interests, net of tax
Total comprehensive income 305,364,801.78 227,781,000.85
Total comprehensive income attributable to
292,716,998.62 223,901,078.49
owners of the parent
Total comprehensive income attributable to
12,647,803.16 3,879,922.36
non-controlling interests
Earnings per share:
(1) Basic earnings per share 0.24 0.15
(2) Diluted earnings per share 0.24 0.15
Legal representative: Tang Zhuolin Chief in charge of accounting work: Shao Yongfeng Head of accounting institution: Yao Bin
(3) Consolidated Statement of Cash Flows for Q1-Q3
Unit: RMB yuan
Item Q1-Q3 2021 Q1-Q3 2020
1 Cash flows from operating activities:
Proceeds from sale of goods and
2,382,779,347.81 2,191,344,316.36
rendering 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
Net cash received by agents
buying and selling securities
Receipts of taxes and surcharges
40,051,710.51 27,067,794.23
refunds
Cash generated from other
39,581,691.59 141,235,719.07
operating activities
Subtotal of cash generated from
2,462,412,749.91 2,359,647,829.66
operating activities
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
Payments for goods and services 1,630,409,017.32 1,370,823,824.55
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 payments to and on behalf of
409,726,364.04 390,338,827.65
employees
Payments of all types of taxes and
64,912,293.11 65,884,267.48
surcharges
Cash used in other operating
233,649,053.48 283,615,252.74
activities
Subtotal of cash used in operating
2,338,696,727.95 2,110,662,172.42
activities
Net cash generated from/used in
123,716,021.96 248,985,657.24
operating activities
2 Cash flows from investing activities:
Proceeds from disinvestment 4,446,989,916.65
Investment income 94,953,231.61 53,327,551.42
Net proceeds from the disposal of
fixed assets, intangible assets and other 584,797.70 5,898.53
long-lived assets
Disposal of net cash received by
subsidiaries and other business units
Cash generated from other
2,434,405.65 6,263,980,802.74
investing activities
Subtotal of cash generated from
4,544,962,351.61 6,317,314,252.69
investing activities
Payments for the acquisition of
fixed assets, intangible assets and other 45,944,656.39 97,690,291.05
long-lived assets
Payments for investments 3,517,221,452.91 1,185,720.00
Net increase in pledged loans
Obtain net cash paid by
subsidiaries and other business units
Cash used in other investing
6,522,759,419.70
activities
Subtotal of cash used in investing
3,563,166,109.30 6,621,635,430.75
activities
Net cash generated from/used in
981,796,242.31 -304,321,178.06
investing activities
3 Cash flows from financing activities:
Absorb the cash received by the
100,000,000.00 22,600,000.00
investment
Including: the subsidiary
absorbs the cash received from the
investment of minority shareholders
Borrowings raised 415,719,289.31 354,759,673.90
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
Cash generated from other
89,711,220.71 124,187,890.90
financing activities
Subtotal of cash generated from
605,430,510.02 501,547,564.80
financing activities
Repayment of borrowings 286,140,449.72 441,132,461.88
Interest and dividends paid 9,190,374.80 9,283,802.67
Including: Interest and
dividends paid to minority shareholders
Cash used in other financing
970,497,565.95 596,361,181.41
activities
Subtotal of cash used in financing
1,265,828,390.47 1,046,777,445.96
activities
Net cash generated from/used in
-660,397,880.45 -545,229,881.16
financing activities
4 Effect of foreign exchange rates
-30,078,848.75 -8,508,042.88
changes on cash and cash equivalents
5 Net (decrease)/increase in cash and
415,035,535.07 -609,073,444.86
cash equivalents
Add: Cash and cash equivalents,
860,601,236.78 2,226,724,737.39
beginning of the period
6 Cash and cash equivalents, end of the
1,275,636,771.85 1,617,651,292.53
period
2. Explanation of the Adjustment of Financial Statements
(1) The adjustments to relevant items in the financial statements at the beginning of 2021 when the New
Lease Standard was implemented for the first time
√ Applicable □ Not applicable
Whether to adjust the items in the balance sheets at the beginning of the year.
√ Yes □ No
Consolidated Balance Sheet
Unit: RMB yuan
Item 31 December 2020 1 January 2021 Adjustments
Current assets:
Cash and bank balances 885,711,053.88 885,711,053.88
Settlement provisions
Dismantling funds
Financial assets held for trading 1,636,296,430.31 1,636,296,430.31
Derivative financial assets
Notes receivable 12,744,582.88 12,744,582.88
Accounts receivable 469,635,423.58 469,635,423.58
Receivable financing 56,737,978.04 56,737,978.04
Prepayments 29,109,416.21 29,109,416.21
Premium receivable
Receivable reinsurance account
Provision for reinsurance contract receivable
Other receivables 79,103,472.64 79,103,472.64
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
Including: Interest receivable 587,074.81 587,074.81
Dividend receivable
Buy back resale financial assets
Inventories 734,120,595.26 734,120,595.26
Contract assets 29,504,693.97 29,504,693.97
Assets held for sale
Current portion of non-current assets 2,556,000.00 2,556,000.00
Other current assets 22,271,217.65 22,271,217.65
Total current assets 3,957,790,864.42 3,957,790,864.42
Non-current assets:
Loans and advances
Debt investment
Other debt investments
Long-term receivables 1,475,000.00 1,475,000.00
Long-term equity investment 72,671,204.73 72,671,204.73
Investment in other equity instruments
Other non-current financial assets 5,948,588.15 5,948,588.15
Real estate investment
Fixed assets 571,413,480.14 571,413,480.14
Construction in progress 9,062,038.52 9,062,038.52
Productive biological assets
Oil and gas asset
Right-of-use assets 93,513,747.81 93,513,747.81
Intangible assets 332,387,182.69 332,387,182.69
Development expenditure
Goodwill 324,904,239.97 324,904,239.97
Long-term prepaid expenses 12,096,981.78 12,096,981.78
Deferred tax assets 98,947,059.25 98,947,059.25
Other non-current assets 936,540,047.40 936,540,047.40
Total non-current assets 2,365,445,822.63 2,458,959,570.44 93,513,747.81
Total assets 6,323,236,687.05 6,416,750,434.86 93,513,747.81
Current liabilities:
Short-term borrowings 39,533,281.84 39,533,281.84
Borrowing from the Central Bank
Borrowed funds
Financial liabilities held for trading 41,408,109.80 41,408,109.80
Derivative financial liabilities
Notes payable 104,855,187.97 104,855,187.97
Accounts payable 503,042,561.05 503,042,561.05
Advance receivables
Contract liabilities 362,792,713.35 362,792,713.35
Selling back financial assets
Deposits and Interbank deposit
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
Agent trading securities
Agent underwriting securities
Employee benefits payable 92,623,562.93 92,623,562.93
Tax payable 36,369,777.05 36,369,777.05
Other payables 81,743,851.64 81,743,851.64
Including: Interest payable
Dividend payable
Fees and commissions
Reinsurance accounts payable
Liabilities held for sale
Current portion of non-current liabilities 226,597,528.74 226,597,528.74
Other current liabilities 20,532,046.04 20,532,046.04
Total current liabilities 1,509,498,620.41 1,509,498,620.41
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 353,412,388.29 353,412,388.29
Bonds payable
Including: Preference Shares
Perpetual bonds
Lease liabilities 93,513,747.81 93,513,747.81
Long-term payables
Long-term employee benefits payable 18,451,652.74 18,451,652.74
Provisions 105,450,257.63 105,450,257.63
Deferred income 16,861,488.27 16,861,488.27
Deferred tax liabilities 19,296,386.16 19,296,386.16
Other non-current liabilities 68,737,415.25 68,737,415.25
Total non-current liabilities 582,209,588.34 675,723,336.15 93,513,747.81
Total Liabilities 2,091,708,208.75 2,185,221,956.56 93,513,747.81
Equity:
Share capital 1,545,126,957.00 1,545,126,957.00
Other equity instruments
Including: Preference Shares
Perpetual bonds
Capital surplus 4,002,393,061.81 4,002,393,061.81
Less: Treasury stock 579,403,185.12 579,403,185.12
Other comprehensive income 20,026,089.70 20,026,089.70
Special reserve 10,057,438.97 10,057,438.97
Surplus reserves 51,830,974.45 51,830,974.45
General risk preparation
Retained earnings -891,492,837.06 -891,492,837.06
Total equity attributable to owners of the parent 4,158,538,499.75 4,158,538,499.75
Non-controlling interests 72,989,978.55 72,989,978.55
Total equity 4,231,528,478.30 4,231,528,478.30
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report
Total liabilities and equity 6,323,236,687.05 6,416,750,434.86 93,513,747.81
(2) Retrospective adjustments to the previous comparative data when the New Lease Standard was
implemented for the first time
□Applicable √Not applicable
3. Audit Report
Whether the quarter report has been audited
□ Yes √ No
The quarter report has not been audited.
Board of Directors of
Guangdong Dongfang Precision Science&Technology Co.,Ltd.
28 October 2021
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