Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q1 2023
GUANGDONG DONGFANG PRECISION SCIENCE & TECHNOLOGY CO., LTD.
THE REPORT FOR THE FIRST QUARTER OF 2023
The Company as well as all members 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, misleadin g
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 1st quarter of 2023 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 2023
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 2023 Q1 2022 Rate of Change
Operating revenue (RMB) 907,101,141.80 636,006,580.11 42.62%
Net profit attributable to the listed company’s
84,973,342.92 37,109,411.15 128.98%
shareholders (RMB yuan)
Net profit attributable to the listed company’s
shareholders before exceptional gains and 51,961,918.89 45,662,017.31 13.80%
losses (RMB yuan)
Net cash generated from/used in operating
activities (RMB yuan) 104,429,591.30 85,523,348.92 22.11%
Basic earnings per share (RMB / share) 0.07 0.03 133.33%
Diluted earnings per share (RMB /share) 0.07 0.03 133.33%
Weighted average return on equity (ROE) 2.08% 1.02% 1.06%
Ending balance Beginning balance
Rate of Change
Of the Reporting Period Of the Reporting Period
Total assets (RMB) 7,127,787,958.35 6,928,577,115.10 2.88%
Equity attributable to the listed company’s
shareholders (RMB) 4,096,865,613.57 4,063,966,310.23 0.81%
2. Non-recurring profit and loss items and amount
√ Applicable □ Not applicable
Unit: RMB
Item Q1 2023 Notes
Gain or loss on disposal of non-current assets (inclusive of
impairment allowance write-offs) -382,067.42
Government subsidies included in current profit or loss (exclusive
of government grants given in the Company’s ordinary course of
business at fixed quotas or amounts as per the government’s 2,550,704.06
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 32,150,522.32
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 -6,857.27
Less: Income tax effects 229,557.37
Non-controlling interests effects (net of tax) 1,071,320.29
Total 33,011,424.03 --
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q1 2023
Other items that meet the definition of non-recurring profit and loss:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
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.
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q 1 2023
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 of amount received for sales
Cash and bank balances 1,429,733,808.80 1,274,447,199.74 155,286,609.06 12.18% and the redemption of some entrusted wealth management
products during the reporting period.
Financial assets held for Mainly due to the redemption of some entrusted wealth
826,564,639.52 860,832,278.88 -34,267,639.36 -3.98%
trading management products during the reporting period.
Mainly due to the increase of amount received for sales in
Accounts receivable 765,635,440.37 837,305,757.46 -71,670,317.09 -8.56%
the reporting period.
Mainly due to the early recovery of the remaining balance
Other receivables 38,754,459.26 83,996,902.82 -45,242,443.56 -53.86% of the transfer of equity interest of the Ferretto Group
during the reporting period.
Mainly due to the increase in orders and the increase in
Inventories 1,241,618,636.81 1,092,981,884.51 148,636,752.30 13.60%
inventories during the reporting period.
Mainly due to the investment in the construction of plants
Construction in progress 71,640,546.10 38,904,537.85 32,736,008.25 84.14%
during the reporting period.
Mainly due to the increase in borrowings during the
Short-term borrowings 96,301,680.12 41,815,129.24 54,486,550.88 130.30%
reporting period.
Mainly due to the payment for goods during the reporting
Accounts payable 703,414,660.38 748,319,561.21 -44,904,900.83 -6.00%
period.
Mainly due to the increase in orders during the reporting
Contract liabilities 825,114,775.47 692,567,968.60 132,546,806.87 19.14%
period.
Mainly due to share repurchase during the reporting
Treasury stock 309,451,578.83 240,255,502.45 69,196,076.38 28.80%
period.
(2) Income statement items
Items Q1 2023 Q1 2022 Amount of Change Rate of Change Notes
Mainly due to the increase in sales during the reporting
Operating revenue 907,101,141.80 636,006,580.11 271,094,561.69 42.62%
period.
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q 1 2023
Cost of sales 653,454,327.84 472,346,527.10 181,107,800.74 38.34% Mainly due to the increase in sales for the reporting period.
Mainly due to the increase in sales during the reporting
Selling expenses 49,395,917.66 24,373,541.29 25,022,376.37 102.66%
period.
Mainly due to increased investment in research and
R&D expenses 27,637,218.09 18,824,950.19 8,812,267.90 46.81%
development during the reporting period.
Mainly due to changes in exchange rates during the
Finance costs 4,922,184.62 -5,516,912.35 10,439,096.97 189.22%
reporting period.
Mainly due to the increase in investment income
Investment income 11,843,626.19 -4,249,447.63 16,093,073.82 378.71% recognized from the implementation of investments in
securities during the reporting period.
Mainly due to the increase in fair value changes
Gain/loss on changes in fair
18,689,791.21 -8,257,489.80 26,947,281.01 326.34% recognized on the implementation of investments in
value
securities during the reporting period.
(3) Cash flow statement items
Items Q1 2023 Q1 2022 Amount of Change Rate of Change Notes
Net cash generated from/used Mainly due to the increase in sales returns for the period.
104,429,591.30 85,523,348.92 18,906,242.38 22.11%
in operating activities
Net cash generated from/used Mainly due to investment in subsidiaries in the same
72,757,007.84 -2,853,044.36 75,610,052.20 2650.15%
in investing activities period last year, which did not occur in the current period.
Net cash generated from/used Mainly due to the recovery of loan deposits in the
-42,170,254.94 19,572,369.24 -61,742,624.18 -315.46%
in financing activities previous year, which did not occur in the current period.
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q1 2023
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
59,477 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 21.82% 270,737,568 203,053,176 In pledge 105,360,000
individual
Domestic
Tang Zhuomian 7.81% 96,885,134 0 In pledge 40,000,000
individual
Pulead Technology State-owned
Industry Co., Ltd. corporation 3.88% 48,149,787 0
Luzhou Industrial
Development State-owned
Investment Group corporation 2.56% 31,770,010 0
Co., Ltd.
Qinghai Puren
Intelligent Domestic non-
Technology R & D state-owned 2.15% 26,628,340 0
Center (Limited corporation
Partnership)
Domestic
Qiu Yezhi 1.88% 23,382,388 23,382,388
individual
Hong Kong
Overseas
Securities Clearing 1.27% 15,712,884 0
corporation
Company Limited
JIC Investment Co., State-owned
Ltd. corporation 0.72% 8,884,216 0
Shengji Equity
Investment Fund State-owned
0.58% 7,198,000 0 In pledge 6,700,000
(Shanghai) Co., corporation
Ltd.
Domestic
Liu Wucai 0.53% 6,597,688 0
individual
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., RMB ordinary
48,149,787 48,149,787
Ltd. shares
Luzhou Industrial Development RMB ordinary
31,770,010 31,770,010
Investment Group Co., Ltd. shares
Qinghai Puren Intelligent
RMB ordinary
Technology R & D Center (Limited 26,628,340 26,628,340
shares
Partnership)
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q1 2023
Hong Kong Securities Clearing RMB ordinary
Company Limited 15,712,884 shares 15,712,884
RMB ordinary
JIC Investment Co., Ltd. 8,884,216 shares 8,884,216
Shengji Equity Investment Fund RMB ordinary
(Shanghai) Co., Ltd. 7,198,000 shares 7,198,000
RMB ordinary
Liu Wucai 6,597,688 shares 6,597,688
Beixin Ruifeng Fund - ICBC -
RMB ordinary
Beijing Hengyutianze Investment 6,171,777 shares 6,171,777
Management Co.
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 2023, Pulead Technology Industry Co., Ltd., held 48,149,665 shares through
Note on the top 10 shareholders' the credit securities account. And Luzhou Industrial Development Investment Group Co.,
participation in securities margin Ltd., held 31,770,010 shares through the credit securities account, as well as Qinghai Puren
trading (if any) Intelligent Technology R & D Center (Limited Partnership) held 26,628,300 shares through
the credit securities account.
Explanation on the shareholding of the repurchase account
As of the end of the Reporting Period, there were 36,424,192 shares in the Company’s special account for repurchase, accounting for
2.94% of its total share capital. As per the Shenzhen Stock Exchange Guideline No. 1 for the Self-regulation of Listed Companies—
Business Handling, the existence of a special account of repurchased shares among the top 10 shareholders should be specifica lly stated
but not included in the presentation of the top 10 shareholders.
2. Total Number of Preference Shareholders and Information of Top 10 Preference Shareholders
□ Applicable √ Not applicable
III Other Significant Events
□Applicable √ Not applicable
IV Quarterly Financial Statements
1. Financial Statements
(1) Consolidated Balance Sheet
Prepared by: Guangdong Dongfang Precision Science & Technology Co., Ltd.
31 March 2023
Unit: RMB
Item 31 March 2023 1 January 2023
Current assets:
Cash and bank balances 1,429,733,808.80 1,274,447,199.74
Settlement provisions
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q1 2023
Item 31 March 2023 1 January 2023
Dismantling funds
Financial assets held for trading 826,564,639.52 860,832,278.88
Derivative financial assets
Notes receivable 25,771,245.44 24,566,100.12
Accounts receivable 765,635,440.37 837,305,757.46
Receivable financing 22,932,959.13 15,305,668.26
Prepayments 68,792,086.54 64,946,901.26
Premium receivable
Receivable reinsurance account
Provision for reinsurance contract
receivable
Other receivables 38,754,459.26 83,996,902.82
Including: Interest receivable
Dividend receivable
Buy back resale financial assets
Inventories 1,241,618,636.81 1,092,981,884.51
Contract assets 49,349,058.58 65,089,851.21
Assets held for sale
Current portion of non-current
assets 314,157,500.00 311,763,750.00
Other current assets 69,839,768.49 61,370,451.31
Total current assets 4,853,149,602.94 4,692,606,745.57
Non-current assets:
Loans and advances
Debt investment
Other debt investments
Long-term receivables 964,299.00 1,294,299.00
Long-term equity investment 93,752,046.01 95,352,681.52
Investment in other equity
instruments
Other non-current financial assets 334,959,677.33 334,449,603.33
Real estate investment
Fixed assets 565,867,646.04 570,200,113.79
Construction in progress 71,640,546.10 38,904,537.85
Productive biological assets
Oil and gas asset
Right-of-use assets 84,141,310.80 86,448,978.02
Intangible assets 363,731,709.22 368,103,395.11
Development expenditure 3,702,229.76 3,702,229.76
Goodwill 432,511,475.32 430,916,848.74
Long-term prepaid expenses 18,420,319.96 16,735,552.98
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q1 2023
Item 31 March 2023 1 January 2023
Deferred tax assets 247,119,485.63 244,542,124.61
Other non-current assets 57,827,610.24 45,320,004.82
Total non-current assets 2,274,638,355.41 2,235,970,369.53
Total assets 7,127,787,958.35 6,928,577,115.10
Current liabilities:
Short-term borrowings 96,301,680.12 41,815,129.24
Borrowing from the Central Bank
Borrowed funds
Financial liabilities held for trading 57,027,528.33 57,022,555.58
Derivative financial liabilities
Notes payable 130,127,953.80 149,918,253.31
Accounts payable 703,414,660.38 748,319,561.21
Advance receivables
Contract liabilities 825,114,775.47 692,567,968.60
Selling back financial assets
Deposits and Interbank deposit
Agent trading securities
Agent underwriting securities
Employee benefits payable 126,518,352.61 123,695,328.31
Tax payable 34,356,429.92 24,111,703.70
Other payables 114,071,613.11 90,080,142.50
Including: Interest payable
Dividend payable
Fees and commissions
Reinsurance accounts payable
Liabilities held for sale
Current portion of non-current
liabilities 320,259,921.59 315,767,431.26
Other current liabilities 7,843,151.62 5,988,879.29
Total current liabilities 2,415,036,066.95 2,249,286,953.00
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 56,452,115.15 57,884,494.89
Bonds payable
Including: Preference Shares
Perpetual bonds
Lease liabilities 61,528,268.38 68,989,111.33
Long-term payables
Long-term employee benefits
payable 12,896,110.14 13,179,944.17
Provisions 118,690,395.19 118,945,953.78
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q1 2023
Item 31 March 2023 1 January 2023
Deferred income 10,794,486.66 11,073,651.66
Deferred tax liabilities 5,463,483.83 6,825,450.77
Other non-current liabilities 136,603,881.90 136,396,292.55
Total non-current liabilities 402,428,741.25 413,294,899.15
Total Liabilities 2,817,464,808.20 2,662,581,852.15
Equity:
Share capital 1,240,978,400.00 1,241,106,400.00
Other equity instruments
Including: Preference Shares
Perpetual bonds
Capital surplus 2,954,305,867.27 2,947,263,843.53
Less: Treasury stock 309,451,578.83 240,255,502.45
Other comprehensive income 35,430,564.25 26,512,917.07
Special reserve 15,779,321.40 14,488,955.52
Surplus reserves 51,830,974.45 51,830,974.45
General risk preparation
Retained earnings 107,992,065.03 23,018,722.11
Total equity attributable to owners of the
parent 4,096,865,613.57 4,063,966,310.23
Non-controlling interests 213,457,536.58 202,028,952.72
Total equity 4,310,323,150.15 4,265,995,262.95
Total liabilities and equity 7,127,787,958.35 6,928,577,115.10
Legal representative: Tang Zhuolin, Chief Financial Officer: Shao Yongfeng, Person-in-charge of the accounting organ: Yao Bin
(2) Consolidated Income Statement for Q1 2023
Unit: RMB
Item Q1 2023 Q1 2022
1 Total operating revenue 907,101,141.80 636,006,580.11
Including: Operating revenue 907,101,141.80 636,006,580.11
Interest income
Premiums earned
Fee and commission income
2 Total operating cost 816,570,578.44 576,816,779.91
Including: Cost of sales 653,454,327.84 472,346,527.10
Interest expense
Payment of fees and commission
Surrender fund
Net indemnity expenditure
Draw the net reserve of insurance
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q1 2023
Item Q1 2023 Q1 2022
liability contract
Policy dividend expense
Reinsurance cost
Taxes and surcharges 4,693,860.22 4,022,255.53
Selling expenses 49,395,917.66 24,373,541.29
Administrative expenses 76,467,070.01 62,766,418.15
R&D expenses 27,637,218.09 18,824,950.19
Finance costs 4,922,184.62 -5,516,912.35
Including: Interest expenses 2,869,618.96 4,443,668.86
Interest income 6,504,802.55 5,483,896.31
Add: Other income 2,550,704.06 3,455,142.45
Investment income (loss with "-" sign) 11,843,626.19 -4,249,447.63
Including: Share of profit or loss of joint
ventures and associates -1,617,104.92 44,614.18
Income from derecognition of
financial assets measured at amortized cost (loss with
"-" sign)
Exchange gain (loss with "-" sign)
Net exposure hedging gain (loss with "-"
sign)
Gain/loss on changes in fair value (loss with
"-" sign) 18,689,791.21 -8,257,489.80
Credit impairment loss (loss is listed with "-
" sign) -410,038.39 4,297,826.65
Asset impairment loss (loss with "-" sign) -1,438,574.33 -634,508.31
Gain/loss on disposal of assets (loss with "-"
sign) -382,067.42
3 Operating profit (losses are listed with "-" sign) 121,384,004.68 53,801,323.56
Add: Non-operating income 876,053.60 238,187.76
Less: Non-operating expenses 882,910.87 81,446.72
5 Gross profit (the gross loss shall be filled in with the
sign "-") 121,377,147.41 53,958,064.60
Less: Income tax expenses 24,873,932.20 12,707,811.73
Net profit (net loss is listed with "-" sign) 96,503,215.21 41,250,252.87
(1) Net profit from continuing operations
i. Net profit from continuing operations (net loss
with "-" sign) 96,503,215.21 41,250,252.87
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 84,973,342.92 37,109,411.15
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q1 2023
Item Q1 2023 Q1 2022
ii. Net profit attributable to non-controlling
interests 11,529,872.29 4,140,841.72
6 Other comprehensive income/(loss), net of tax 8,816,358.75 -12,147,447.87
Other comprehensive income/(loss) attributable
to owners of the parent, net of tax 8,917,647.18 -11,336,050.09
(1) Other comprehensive loss that will not be
reclassified to profit or loss -229,036.89 267,186.98
i. Changes caused by remeasurements
on defined benefit schemes -229,036.89 267,186.98
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
will be reclassified to profit or loss 9,146,684.07 -11,603,237.07
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 9,146,684.07 -11,603,237.07
statements
vii. Other
Other comprehensive income attributable to non-
controlling interests, net of tax -101,288.43 -811,397.78
Total comprehensive income 105,319,573.96 29,102,805.00
Total comprehensive income attributable to
owners of the parent 93,890,990.10 25,773,361.06
Total comprehensive income attributable to non-
controlling interests 11,428,583.86 3,329,443.94
Earnings per share:
(1) Basic earnings per share 0.07 0.03
(2) Diluted earnings per share 0.07 0.03
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q1 2023
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 2023
Unit: RMB
Item Q1 2023 Q1 2022
1 Cash flows from operating activities:
Proceeds from sale of goods and rendering of
services 1,133,116,009.63 928,486,238.07
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 12,654,705.82 15,645,068.29
Cash generated from other operating activities 17,909,137.78 22,607,109.83
Subtotal of cash generated from operating activities 1,163,679,853.23 966,738,416.19
Payments for goods and services 801,773,222.77 630,966,598.83
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 147,283,122.05 103,051,894.89
Payments of all types of taxes and surcharges 24,101,285.42 33,816,513.68
Cash used in other operating activities 86,092,631.69 113,380,059.87
Subtotal of cash used in operating activities 1,059,250,261.93 881,215,067.27
Net cash generated from/used in operating activities 104,429,591.30 85,523,348.92
2 Cash flows from investing activities:
Proceeds from disinvestment 1,057,772,710.37 1,357,115,658.04
Investment income 31,580,739.51 9,151,644.38
Net proceeds from the disposal of fixed assets,
intangible assets and other long-lived assets 1,800.00
Disposal of net cash received by subsidiaries and
other business units
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q1 2023
Item Q1 2023 Q1 2022
Cash generated from other investing activities
Subtotal of cash generated from investing activities 1,089,355,249.88 1,366,267,302.42
Payments for the acquisition of fixed assets,
intangible assets and other long-lived assets 31,121,172.19 25,429,170.52
Payments for investments 985,477,069.85 1,243,551,176.26
Net increase in pledged loans
Obtain net cash paid by subsidiaries and other
business units 48,000,000.00
Cash used in other investing activities 52,140,000.00
Subtotal of cash used in investing activities 1,016,598,242.04 1,369,120,346.78
Net cash generated from/used in investing activities 72,757,007.84 -2,853,044.36
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 76,518,715.93 211,775,514.73
Cash generated from other financing activities 66,555,529.72 360,325,501.52
Subtotal of cash generated from financing activities 143,074,245.65 572,101,016.25
Repayment of borrowings 28,294,072.18 239,525,593.46
Interest and dividends paid 1,631,824.74 1,883,623.89
Including: Interest and dividends paid to
minority shareholders
Cash used in other financing activities 155,318,603.67 311,119,429.66
Subtotal of cash used in financing activities 185,244,500.59 552,528,647.01
Net cash generated from/used in financing activities -42,170,254.94 19,572,369.24
4 Effect of foreign exchange rates changes on cash
and cash equivalents 5,507,470.66 -18,537,842.93
5 Net (decrease)/increase in cash and cash equivalents 140,523,814.86 83,704,830.87
Add: Cash and cash equivalents, beginning of
the period 1,233,720,697.27 1,259,303,775.74
6 Cash and cash equivalents, end of the period 1,374,244,512.13 1,343,008,606.61
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 1st quarter of 2023 of the Company has not been audited.
Board of Directors
of
Guangdong Dongfang Precision Science & Technology Co., Ltd.
21 April 2023
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