Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
GUANGDONG DONGFANG PRECISION SCIENCE & TECHNOLOGY CO.,LTD.
THE REPORT FOR THE FIRST QUARTER OF 2022
The Company as well as all me mbers of the Board of Directors hereby guarantee the
factuality, accuracy, and completeness of the information disclosed, and its 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 the factuality, accuracy, and completeness of the
contents of this Report, and shall be jointly and severally liable for any misrepresentations, misleading
statements, or material omissions therein.
2. The Company’s legal representative, the Company’s Chief Financial Officer, and the person-in-charge
of the accounting organ hereby guarantee that the financial statements carried in this Report are factual,
accurate and complete.
3. Whether the 1st quarter report has been audited
□ Yes √ No
The report for the first quarter of 2022 of the Company has been prepared and released in
Chinese, and now has been 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. Report of Q1 2022
I Key Financial Information
1. Key Financial Data and Indicators
Indicate whether there is any retrospectively restated datum in the table below.
□ Yes √ No
Q1 2022 Q1 2021 Rate of Change
Operating revenue (RMB) 636,006,580.11 636,432,223.23 -0.07%
Net profit attributable to the listed company’s
37,109,411.15 64,628,103.90 -42.58%
shareholders (RMB)
Net profit attributable to the listed company’s
shareholders before non-recurring profit and 45,662,017.31 51,969,185.59 -12.14%
loss (RMB)
Net cash generated from/used in operating
85,523,348.92 57,536,376.72 48.64%
activities (RMB)
Basic earnings per share (RMB / share) 0.03 0.04 -25.00%
Diluted earnings per share (RMB /share) 0.03 0.04 -25.00%
Weighted average return on equity (ROE) 1.02% 1.09% -0.07%
Ending balance Beginning balance
Of the Reporting Period Of the Reporting Period
Rate of Change
Total assets (RMB) 6,318,576,429.21 6,357,168,835.19 -0.61%
Equity attributable to the listed company’s
3,627,044,948.10 3,681,970,298.39 -1.49%
shareholders (RMB)
2. Non-recurring profit and loss items and amount
√ Applicable □ Not applicable
Unit: RMB
Item Q1 2022 Notes
Gain or loss on disposal of non-current assets (inclusive of
0.00
impairment allowance write-offs)
Government grants through profit or loss (exclusive of
government grants given in the Company’s ordinary course of
3,455,142.45
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
of held-for-trading and derivative financial assets and liabilities -12,551,551.61
and 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 above 156,741.04
Less: Income tax effects -723,225.74
Non-controlling interests effects (net of tax) 336,163.78
Total -8,552,606.16 --
Other items that meet the definition of non-recurring profit and loss:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
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Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
Note of the reclassification of non-recurring items of profit or loss listed in "Explanatory Announcement No. 1 on Disclosure of Information by Companies Issuing Public Securities -
Non-recurring Profit or Loss" as recurring items of profit or loss :
□ Applicable √ Not applicable
No such cases for the Reporting Period.
3. Changes in Key Financial Data and Indicators and the Reasons
√Applicable □ Not applicable
Unit: RMB
(1) Balance sheet items
Ending balance Beginning balance
Items Of the Reporting Period Of the Reporting Period
Amount of Change Rate of Change Notes
Mainly due to the increase in purchases in the current
Prepayments 58,376,799.26 34,177,802.36 24,198,996.90 70.80%
period.
Inventories 1,010,107,537.55 867,280,013.47 142,827,524.08 16.47% Mainly due to the increase in orders in the current period.
Mainly due to the launch of the equity investment and the
Other receivables 123,944,579.87 71,363,166.84 52,581,413.03 73.68%
initial payment of the related investment
Manly due to the redemption of large-denomination
Current portion of
3,308,500.00 108,385,000.00 -105,076,500.00 -96.95% certificates of deposit due within one year in the current
non-current assets
period.
Mainly due to the business related to co-investment with
Other non-current financial
269,541,352.29 162,523,519.41 107,017,832.88 65.85% some professional investment institutions undertaken by
assets
the subsidiary during the period.
Mainly due to the investment in the construction of
Construction in progress 21,533,825.15 12,298,259.58 9,235,565.57 75.10%
factory buildings in the current period.
Contract liabilities 602,121,242.89 405,842,932.51 196,278,310.38 48.36% Mainly due to the increase in orders in the current period.
Mainly due to the payment of taxes and fees in the
Tax payable 42,402,724.66 60,701,346.24 -18,298,621.58 -30.15%
current period.
Mainly due to the payment of some expenses that have
Other payables 71,256,086.28 100,018,273.09 -28,762,186.81 -28.76%
been accrued in the previous period in the current period.
(2) Income statement items
Items Q1 2022 Q1 2021 Amount of Change Rate of Change Notes
Mainly due to the effective management of funds in the
Finance costs -5,516,912.35 -2,337,549.85 -3,179,362.50 -136.01%
current period and the exchange gains from the exchange
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Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
rates fluctuations.
Mainly due to the decrease in the investment income
Investment income -4,249,447.63 37,814,460.29 -42,063,907.92 -111.24%
recognized by securities investment in the current period.
Gain/loss on changes in fair Mainly due to the decrease in fair value recognized in
-8,257,489.80 -14,286,064.93 6,028,575.13 42.20%
value securities investment in the current period.
(3) Cash flow statement items
Items Q1 2022 Q1 2021 Amount of Change Rate of Change Notes
Mainly due to the increase in sales and collections in the
Net cash generated from/used
85,523,348.92 57,536,376.72 27,986,972.20 48.64% current period and the increase in advance receipts for
in operating activities
new orders.
Net cash generated from/used Mainly due to the redemption of securities investment in
-2,853,044.36 506,133,874.10 -508,986,918.46 -100.56%
in investing activities the current period.
Mainly due to the withdrawal of the guarantee deposit for
Net cash generated from/used
19,572,369.24 -110,000,975.49 129,573,344.73 117.79% overseas loans under domestic guarantee and the payment
in financing activities
of share repurchase funds in the current period.
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Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
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
51,116 Not applicable
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 20.33% 270,737,568 203,053,176 In pledge 135,360,000
individual
Domestic
Tang Zhuomian 7.27% 96,885,134 In pledge 10,000,000
individual
Pulead Technology State-owned
3.62% 48,149,787
Industry Co., Ltd. corporation
Luzhou Industrial
Development State-owned
2.39% 31,770,010
Investment Group corporation
Co., Ltd.
Huarong Securities
－China Merchants
Fund and
Securities－ wealth
Huarong Youzhi 2.36% 31,372,549
management
Collective Asset Product
Management P lan
No. 1
Qinghai Puren
Intelligent Domestic
Technology R & D non-state-owne 2.00% 26,628,340
Center (Limited d corporation
Partnership)
Hong Kong
Overseas
Securities Clearing 1.99% 26,506,021
corporation
Company Limited
Domestic
Qiu Yezhi 1.76% 23,382,388 17,536,791
individual
Shengji Equity
Investment Fund State-owned
1.47% 19,607,843 In pledge 19,607,843
(Shanghai) Co., corporation
Ltd.
Contemporary
Domestic
Amperex
non-state-owne 1.36% 18,118,868
Technology Co.,
d corporation
Ltd.
Top 10 unrestricted ordinary shareholders
Shares by type
Name of shareholder Unrestricted shares held at the period-end
Type Shares
RMB ordinary
Tang Zhuomian 96,885,134 96,885,134
shares
RMB ordinary
Tang Zhuolin 67,684,392 67,684,392
shares
Pulead Technology Industry Co., 48,149,787 RMB ordinary 48,149,787
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Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
Ltd. shares
Luzhou Industrial Development RMB ordinary
31,770,010 31,770,010
Investment Group Co., Ltd. shares
Huarong Securities－China
Merchants Securities－Huarong RMB ordinary
31,372,549 31,372,549
Youzhi Collective Asset shares
Management P lan No. 1
Qinghai Puren Intelligent
RMB ordinary
Technology R & D Center (Limited 26,628,340 26,628,340
shares
Partnership)
Hong Kong Securities Clearing RMB ordinary
26,506,021 26,506,021
Company Limited shares
Shengji Equity Investment Fund RMB ordinary
19,607,843 19,607,843
(Shanghai) Co., Ltd. shares
Contemporary Amperex Technology RMB ordinary
18,118,868 18,118,868
Co., Ltd. shares
RMB ordinary
JIC Investment Co., Ltd. 12,984,216 12,984,216
shares
Tang Zhuolin and Tang Zhuomian are full brothers. On 18 August 2010, they signed the
Agreement on Acting in Concert.
Pulead Technology Industry Co., Ltd. and Qinghai Puren Intelligent Technology R & D
Related or acting-in-concert parties Center (Limited Partnership) are acting-in-concert parties.
among the shareholders above
Except for these, the Company does not know whether the other shareholders are related
parties or whether they are acting-in-concert parties in accordance with the Measures for
the Administration of acquisitions of listed companies
As of 31 March 2022, Pulead Technology Industry Co., Ltd., held 122 shares through the
general securities account, and held 48,149,665 shares through the credit securities account,
with a total of 48,149,787 shares held.
Note on the top 10 shareholders'
And Luzhou Industrial Development Investment Group Co., Ltd., held 31,770,010 shares
participation in securities margin
through the credit securities account, with a total of 31,770,010 shares held.
trading (if any)
And Qinghai Puren Intelligent Technology R & D Center (Limited Partnership), held 40
shares through the general securities account, and held 26,628,300 shares through the credit
securities account, with a total of 26,628,340 shares held.
2. Total Number of Preference Shareholders and Information of Top 10 Preference Shareholders
□ Applicable √ Not applicable
III Other Significant Events
√Applicable □ Not applicable
1. Launch of 2022 Restricted Stock Incentive Plan
To improve the Company's long-term incentive mechanism, fully mobilize the enthusiasm of the Company's core
management / technology /business personnel, effectively promote the long-term development of the Company, and
achieve the purpose of "stabilizing the team, boosting morale, gathering talents and improving performance", the
Company launched the 2022 Restricted Stock Incentive Plan in the first quarter of 2022, using 3,312,500 ordinary
shares repurchased from the stock market as incentive shares, of which 2,650,000 shares were granted for the first part
accounting for 0.20% of the total share capital; 662,500 shares were reserved accounting for 0.05% of the total share
capital, and the reserved portion accounted for 20% of the total grant. The grant price of restricted share s is
RMB1/share.
The total number of incented personnel for the first grant is 7. The personnel served in the Company (including
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Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
subsidiaries, the same below) as core management/technical /business personnel at the time of the announcement of this
incentive plan.
The Restricted Stock Incentive Plan for 2022 has been reviewed and approved by the 13th (Interim) Meeting of the
Fourth Session of the Board of Directors of the Company held on February 25, and the First Interim General Meeting of
2022 held on March 14, 2022, respectively.
The 15th (interim) meeting of the Fourth Session of the Board of Directors of the Company held on March 21,
2022 reviewed and approved the proposal on the grant of restricted shares to some incented personnel of the first grant
of the 2022 Restricted Share Incentive Plan, and the grant date of the first part was March 21, 2022. As of the disclosure
date of this report, the work related to the first grant of restricted stock incentive is in normal progress.
2. Spin-off of Subsidiary Suzhou Parsun Power Machine Co., Ltd. to list it on the ChiNext of Shenzhen
Stock Exchange
The 14th meeting of the 4th Board of Directors of the Company held on March 14, 2022 reviewed and approved
proposals such as the "Plan for Spin-off of Subsidiary Suzhou Parsun Power Machine Co., Ltd. to list it on the ChiNext
of Shenzhen Stock Exchange ".
After the Spin-off Listing is completed, the shareholding structure of Parsun Power Machine Co., Ltd. will not
undergo major changes, and the Company will still maintain control over it.
The Spin-off Listing will help the subsidiary, Parsun Power Machine Co., Ltd., enhance its core competitiveness
and deepen its industrial layout; broaden financing channels and enhance capital strength; optimize corporate
governance structure and improve operating efficiency; finally release its intrinsic value to maximize the interests of all
shareholders.
After the spin-off listing, Parsun Power will continue to engage in the R&D, production and sales of its products
including outboard motors and general utility small gasoline motors, and will continue to improve the quality of its
product and services, strengthen the investment in R&D, and develop internationally competitive high-horsepower and
new energy outboard motor products; develop and extend its products with outboard motors as the main line, finally
strive to become a world-class outboard power supplier.
IV Quarterly Financial Statements
1. Financial Statements
(1) Consolidated Balance Sheet
Prepared by: Guangdong Dongfang Precision Science & Technology Co., Ltd.
31 March 2022
Unit: RMB
Item Ending balance Beginning balance
Of the Reporting Period Of the Reporting Period
Current assets:
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Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
Item Ending balance Beginning balance
Of the Reporting Period Of the Reporting Period
Cash and bank balances 1,604,034,534.95 1,664,336,339.35
Settlement provisions
Dismantling funds
Financial assets held for trading 697,322,703.75 788,185,521.57
Derivative financial assets
Notes receivable 10,120,740.45 13,272,025.04
Accounts receivable 678,271,471.87 741,135,648.09
Receivable financing 23,772,820.54 30,692,449.25
Prepayments 58,376,799.26 34,177,802.36
Premium receivable
Receivable reinsurance account
Provision for reinsurance contract
receivable
Other receivables 123,944,579.87 71,363,166.84
Including: Interest receivable
Dividend receivable
Buy back resale financial assets
Inventories 1,010,107,537.55 867,280,013.47
Contract assets 3,286,802.38 24,414,117.64
Assets held for sale
Current portion of non-current
3,308,500.00 108,385,000.00
assets
Other current assets 23,922,052.78 32,124,006.99
Total current assets 4,236,468,543.40 4,375,366,090.60
Non-current assets:
Loans and advances
Debt investment
Other debt investments
Long-term receivables 143,750.00
Long-term equity investment 84,621,072.49 84,777,596.67
Investment in other equity
instruments
Other non-current financial assets 269,541,352.29 162,523,519.41
Real estate investment
Fixed assets 536,605,786.21 544,180,159.09
Construction in progress 21,533,825.15 12,298,259.58
Productive biological assets
Oil and gas asset
Right-of-use assets 74,910,374.98 80,386,832.91
Intangible assets 288,454,387.45 293,718,987.62
Development expenditure
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Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
Item Ending balance Beginning balance
Of the Reporting Period Of the Reporting Period
Goodwill 303,962,519.42 306,969,147.76
Long-term prepaid expenses 11,327,926.60 11,962,127.07
Deferred tax assets 184,016,299.68 180,245,522.94
Other non-current assets 307,134,341.54 304,596,841.54
Total non-current assets 2,082,107,885.81 1,981,802,744.59
Total assets 6,318,576,429.21 6,357,168,835.19
Current liabilities:
Short-term borrowings 201,107,006.28 228,312,880.73
Borrowing from the Central Bank
Borrowed funds
Financial liabilities held for trading 109,745,432.30 110,746,939.04
Derivative financial liabilities
Notes payable 134,986,312.45 149,191,690.00
Accounts payable 551,896,903.31 619,265,856.18
Advance receivables
Contract liabilities 602,121,242.89 405,842,932.51
Selling back financial assets
Deposits and Interbank deposit
Agent trading securities
Agent underwriting securities
Employee benefits payable 111,642,895.48 103,809,783.58
Tax payable 42,402,724.66 60,701,346.24
Other payables 71,256,086.28 100,018,273.09
Including: Interest payable
Dividend payable
Fees and commissions
Reinsurance accounts payable
Liabilities held for sale
Current portion of non-current
39,203,200.51 38,495,724.83
liabilities
Other current liabilities 7,660,596.55 12,836,473.00
Total current liabilities 1,872,022,400.71 1,829,221,899.20
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 313,165,668.07 325,026,188.49
Bonds payable
Including: Preference Shares
Perpetual bonds
Lease liabilities 60,129,769.83 65,213,555.87
Long-term payables
Long-term employee benefits 13,924,425.60 16,083,170.32
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Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
Item Ending balance Beginning balance
Of the Reporting Period Of the Reporting Period
payable
Provisions 106,832,532.45 117,932,721.59
Deferred income 11,911,146.66 12,190,311.66
Deferred tax liabilities 2,976,196.25 1,747,137.95
Other non-current liabilities 135,634,650.32 136,178,304.44
Total non-current liabilities 644,574,389.18 674,371,390.32
Total Liabilities 2,516,596,789.89 2,503,593,289.52
Equity:
Share capital 1,331,938,167.00 1,331,938,167.00
Other equity instruments
Including: Preference Shares
Perpetual bonds
Capital surplus 3,245,072,070.76 3,238,765,859.94
Less: Treasury stock 581,904,104.62 494,335,503.94
Other comprehensive income -44,658,713.07 -33,322,662.98
Special reserve 11,816,317.70 11,252,639.19
Surplus reserves 51,830,974.45 51,830,974.45
General risk preparation
Retained earnings -387,049,764.12 -424,159,175.27
Total equity attributable to owners of the
3,627,044,948.10 3,681,970,298.39
parent
Non-controlling interests 174,934,691.22 171,605,247.28
Total equity 3,801,979,639.32 3,853,575,545.67
Total liabilities and equity 6,318,576,429.21 6,357,168,835.19
Legal representative: Tang Zhuolin, Chief Financial Officer: Shao Yongfeng, Person-in-charge of the accounting organ: Yao Bin
(2) Consolidated Income Statement for Q1 2022
Unit: RMB
Item Q1 2022 Q1 2021
1 Total operating revenue 636,006,580.11 636,432,223.23
Including: Operating revenue 636,006,580.11 636,432,223.23
Interest income
Premiums earned
Fee and commission income
2 Total operating cost 576,816,779.91 579,492,091.36
Including: Cost of sales 472,346,527.10 432,070,127.91
Interest expense
Payment of fees and commission
Surrender fund
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Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
Item Q1 2022 Q1 2021
Net indemnity expenditure
Draw the net reserve of insurance
liability contract
Policy dividend expense
Reinsurance cost
Taxes and surcharges 4,022,255.53 4,047,391.51
Selling expenses 24,373,541.29 57,114,645.46
Administrative expenses 62,766,418.15 68,517,268.26
R&D expenses 18,824,950.19 20,080,208.07
Finance costs -5,516,912.35 -2,337,549.85
Including: Interest expenses 4,443,668.86 2,917,762.69
Interest income 5,483,896.31 5,180,086.23
Add: Other income 3,455,142.45 2,415,015.19
Investment income (loss with "-" sign) -4,249,447.63 37,814,460.29
Including: Share of profit or loss of joint
44,614.18 -547,351.87
ventures and associates
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
-8,257,489.80 -14,286,064.93
with "-" sign)
Credit impairment loss (loss is listed with
4,297,826.65 989,233.70
"-" sign)
Asset impairment loss (loss with "-" sign) -634,508.31 960,740.25
Gain/loss on disposal of assets (loss with
275,491.34
"-" sign)
3 Operating profit (losses are listed with "-" sign) 53,801,323.56 85,109,007.71
Add: Non-operating income 238,187.76 757,631.05
Less: Non-operating expenses 81,446.72 291,794.44
5 Gross profit (the gross loss shall be filled in with
53,958,064.60 85,574,844.32
the sign "-")
Less: Income tax expenses 12,707,811.73 15,711,510.94
Net profit (net loss is listed with "-" sign) 41,250,252.87 69,863,333.38
(1) Net profit from continuing operations
i. Net profit from continuing operations (net loss
41,250,252.87 69,863,333.38
with "-" sign)
ii. Net profit from termination of operation (net
loss with "-" sign)
(2) Net profit classified by attribution of
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Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
Item Q1 2022 Q1 2021
ownership
i. Net profit attributable to owners of the parent 37,109,411.15 64,628,103.90
ii. Net profit attributable to non-controlling
4,140,841.72 5,235,229.48
interests
6 Other comprehensive income/(loss), net of tax -12,147,447.87 -13,010,550.67
Other comprehensive income/(loss) attributable
to owners of the parent, net of tax -11,336,050.09 -12,100,243.92
(1) Other comprehensive loss that will not
267,186.98 -468,405.38
be reclassified to profit or loss
i. Changes caused by remeasurements
267,186.98 -468,405.38
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
-11,603,237.07 -11,631,838.54
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
v. Cash flow hedging reserve
vi. Differences arising from the
translation of foreign currency-denominated financial -11,603,237.07 -11,631,838.54
statements
vii. Other
Other comprehensive income attributable to
-811,397.78 -910,306.75
non-controlling interests, net of tax
Total comprehensive income 29,102,805.00 56,852,782.71
Total comprehensive income attributable to
25,773,361.06 52,527,859.98
owners of the parent
Total comprehensive income attributable to
3,329,443.94 4,324,922.73
non-controlling interests
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Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
Item Q1 2022 Q1 2021
Earnings per share:
(1) Basic earnings per share 0.03 0.04
(2) Diluted earnings per share 0.03 0.04
Legal representative: Tang Zhuolin, Chief Financial Officer: Shao Yongfeng, Person-in-charge of the accounting organ: Yao Bin
(3) Consolidated Statement of Cash Flows for Q1 2022
Unit: RMB
Item Q1 2022 Q1 2021
1 Cash flows from operating activities:
Proceeds from sale of goods and rendering of
928,486,238.07 731,987,863.56
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 refunds 15,645,068.29 11,136,430.41
Cash generated from other operating activities 22,607,109.83 13,378,861.31
Subtotal of cash generated from operating activities 966,738,416.19 756,503,155.28
Payments for goods and services 630,966,598.83 466,797,537.97
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 employees 103,051,894.89 83,351,684.73
Payments of all types of taxes and surcharges 33,816,513.68 11,887,050.08
Cash used in other operating activities 113,380,059.87 136,930,505.78
Subtotal of cash used in operating activities 881,215,067.27 698,966,778.56
Net cash generated from/used in operating activities 85,523,348.92 57,536,376.72
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Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
Item Q1 2022 Q1 2021
2 Cash flows from investing activities:
Proceeds from disinvestment 1,357,115,658.04 980,798,538.60
Investment income 9,151,644.38 42,308,828.65
Net proceeds from the disposal of fixed assets,
519,197.20
intangible assets and other long-lived assets
Disposal of net cash received by subsidiaries and
other business units
Cash generated from other investing activities 2,069,077.00
Subtotal of cash generated from investing activities 1,366,267,302.42 1,025,695,641.45
Payments for the acquisition of fixed assets,
25,429,170.52 6,927,194.84
intangible assets and other long-lived assets
Payments for investments 1,243,551,176.26 512,634,572.51
Net increase in pledged loans
Obtain net cash paid by subsidiaries and other
48,000,000.00
business units
Cash used in other investing activities 52,140,000.00
Subtotal of cash used in investing activities 1,369,120,346.78 519,561,767.35
Net cash generated from/used in investing activities -2,853,044.36 506,133,874.10
3 Cash flows from financing activities:
Absorb the cash received by the investment
Including: the subsidiary absorbs the cash
received from the investment of minority
shareholders
Borrowings raised 211,775,514.73 198,986,769.00
Cash generated from other financing activities 360,325,501.52 59,244,800.98
Subtotal of cash generated from financing activities 572,101,016.25 258,231,569.98
Repayment of borrowings 239,525,593.46 212,772,924.79
Interest and dividends paid 1,883,623.89 2,645,963.85
Including: Interest and dividends paid to
minority shareholders
Cash used in other financing activities 311,119,429.66 152,813,656.83
Subtotal of cash used in financing activities 552,528,647.01 368,232,545.47
Net cash generated from/used in financing activities 19,572,369.24 -110,000,975.49
4 Effect of foreign exchange rates changes on cash
-18,537,842.93 -15,098,439.51
and cash equivalents
5 Net (decrease)/increase in cash and cash equivalents 83,704,830.87 438,570,835.82
Add: Cash and cash equivalents, beginning of
1,259,303,775.74 860,601,236.78
the period
6 Cash and cash equivalents, end of the period 1,343,008,606.61 1,299,172,072.60
Legal representative: Tang Zhuolin, Chief Financial Officer: Shao Yongfeng, Person-in-charge of the accounting organ: Yao Bin
2. Audit Report
Whether the Report has been audited
□ Yes √ No
The report for the first quarter of 2022 of the Company has not been audited.
14 / 15
Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022
Board of Directors
of
Guangdong Dongfang Precision Science&Technology Co.,Ltd.
April 19, 2022
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