Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 2023
GUANGDONG DONGFANG PRECISION SCIENCE & TECHNOLOG Y CO., LTD.
THE REPORT FOR THE THIRD 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, 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 3rd quarter report has been audited
□ Yes √ No
The report for the 3rd 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 Q3 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
Q3 2023 Change (%) Q1-Q3 2023 Change (%)
Operating revenue (RM B
1,243,655,954.95 38.92% 3,326,262,408.67 36.83%
yuan)
Net profit attributable to
the listed company’s
65,710,031.94 172.46% 271,859,637.24 57.77%
shareholders (RM B
yuan)
Net profit attributable to
the listed company’s
shareholders before 83,299,830.01 63.24% 245,825,722.41 43.82%
exceptional gains and
losses (RM B yuan)
Net cash generated
from/used in operating —— —— 280,283,974.12 66.40%
activities (RM B yuan)
Basic earnings per share
0.06 200.00% 0.23 64.29%
(RM B yuan /share)
Diluted earnings per
0.06 200.00% 0.23 64.29%
share (RM B yuan /share)
Weighted average return
1.56% 0.92% 6.51% 1.79%
on equity (%)
End of this report period End of previous year Change (%)
Total assets (RM B) 7,428,547,150.02 6,928,577,115.10 7.22%
Equity attributable to the
listed company’s 4,332,240,405.95 4,063,966,310.23 6.60%
shareholders (RM B)
2. Non-recurring profit and loss items and amount
√ Applicable □ Not applicable
Unit: RM B
Item Q3 2023 Q1-Q3 2023 Notes
Gain or loss on disposal of non-current assets
-18,764.43 -2,306,859.05
(inclusive of impairment allowance write-offs)
Government subsidies included in current profit or
loss (exclusive of government grants given in the
Company’s ordinary course of business at fixed 2,196,049.54 6,535,876.93
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 and other -20,165,220.38 20,283,020.89
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
-580,977.44 332,851.90
the above
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 2023
Item Q3 2023 Q1-Q3 2023 Notes
Less: Income tax effects -1,654,344.05 -2,329,506.57
Non-controlling interests effects (net of tax) 675,229.41 1,140,482.41
Total -17,589,798.07 26,033,914.83 --
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 Q3 2023
3. Changes in Key Financial Data and Indicators and the Reasons
√Applicable □ Not applicable
Unit: RM B
(1) Balance sheet items
Items 30 S eptember 2023 1 January 2023 Amount of Change Rate of Change Notes
M ainly due to the recovery of financial management funds
Cash and bank balances 1,773,354,807.40 1,274,447,199.74 498,907,607.66 39.15%
and guarantee deposits for loans.
Financial assets held for
717,700,052.69 860,832,278.88 -143,132,226.19 -16.63% M ainly due to the recovery of part of the finance proceeds
trading
M ainly due to the early recovery of the remaining balance
Other receivables 37,950,603.46 83,996,902.82 -46,046,299.36 -54.82% of the transfer of equity interest in Ferretto Group.
M ainly due to the increase in inventory reserves due to the
Inventories 1,324,560,905.19 1,092,981,884.51 231,579,020.68 21.19% increase in sales orders.
Contract assets 42,391,871.83 65,089,851.21 -22,697,979.38 -34.87% M ainly due to recoveries from customers.
Non-current assets due within
one year 3,245,000.00 311,763,750.00 -308,518,750.00 -98.96% M ainly due to the recovery of guarantee deposits for loans.
M ainly due to the increase in investment in plant
Construction in progress 187,138,031.20 38,904,537.85 148,233,493.35 381.02%
construction.
Other non-current assets 91,765,154.96 45,320,004.82 46,445,150.14 102.48% M ainly due to prepayment for fixed assets.
Short-term borrowings 371,045,190.46 41,815,129.24 329,230,061.22 787.35% M ainly due to short-term borrowings.
M ainly due to increase in tax expense due to sales
Taxes payable 44,540,870.19 24,111,703.70 20,429,166.49 84.73% growth.
Non-current liabilities due M ainly due to repayment of long-term loans due within
within one year
58,257,517.47 315,767,431.26 -257,509,913.79 -81.55% one year.
Long-term borrowings 85,892,612.35 57,884,494.89 28,008,117.46 48.39% M ainly due to borrowing long-term loans.
(2) Income statement items
Items Q1-Q3 2023 Q1-Q3 2022 Amount of Change Rate of Change Notes
Total operating revenue 3,326,262,408.67 2,430,877,101.51 895,385,307.16 36.83% M ainly due to sales growth.
Total operating cost 2,372,755,817.02 1,799,559,740.41 573,196,076.61 31.85% M ainly due to sales growth.
M ainly due to the increase in product quality guarantee
Selling expenses 189,516,388.18 110,439,583.77 79,076,804.41 71.60%
deposits, commissions and agency service fees due to
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 2023
sales growth.
R&D expenses 91,625,113.42 69,233,420.51 22,391,692.91 32.34% M ainly due to increased investment in R&D.
Finance costs -8,599,075.90 -18,138,651.06 9,539,575.16 -52.59% M ainly due to the RM B exchange rate fluctuations.
M ainly due to the increase in investment income
Investment income 35,657,924.30 9,075,220.66 26,582,703.64 292.92% recognized from investment in securities.
(3) Cash flow statement items
Items Q1-Q3 2023 Q1-Q3 2022 Amount of Change Rate of Change Notes
Net cash generated from/used
in operating activities 280,283,974.12 168,435,727.75 111,848,246.37 66.40% M ainly due to sales growth.
M ainly due to the payment for the acquisition of equity
Net cash generated from/used
in investing activities -135,972,237.59 -322,513,942.25 186,541,704.66 -57.84% interest in Shenzhen Wonder Digital Technology Co.,
Ltd. in last year.
Net cash generated from/used M ainly due to the recovery of guarantee deposits for
in financing activities 293,884,410.84 -36,322,583.60 330,206,994.44 909.10% loans.
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 202 3
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
42,166 Not applicable
the period-end voting rights at the period-end
(if any)
Top 10 shareholders
Nature of Shareholding Total shares held Restricted shares Shares in pledge or frozen
Name of shareholder shareholder percentage at the period-end held Status Shares
Domestic
Tang Zhuolin 21.82% 270,737,568 203,053,176 In pledge 135,360,000
individual
Domestic
Tang Zhuomian 7.81% 96,885,134 In pledge 40,000,000
individual
Hong Kong
Overseas
Securities Clearing 4.29% 53,253,136
corporation
Company Limited
Pulead Technology State-owned
2.88% 35,748,587
Industry Co., Ltd. corporation
Luzhou Industrial
Development State-owned
2.56% 31,770,010
Investment Group corporation
Co., Ltd.
Qinghai Puren
Intelligent Domestic non-
Technology R & D state-owned 2.15% 26,628,340
Center (Limited corporation
Partnership)
Domestic
Qiu Yezhi 1.88% 23,382,388 19,782,388
individual
China M erchants
Bank Co., Ltd.－
Wanjiang China Domestic non-
Securities 1000 state-owned 0.65% 8,040,280
Index Strengthened corporation
Initiated Securities
Investment Fund
Bank of China joint
stock company - Domestic non-
Dacheng Jingheng state-owned 0.54% 6,739,000
Hybrid Securities corporation
Investment Fund
Domestic
Liu Wucai 0.53% 6,597,688
individual
Top 10 unrestricted ordinary shareholders
Shares by type
Name of shareholder Unrestricted shares held at the period-end
Type Shares
RM B ordinary
Tang Zhuomian 96,885,134 96,885,134
shares
RM B ordinary
Tang Zhuolin 67,684,392 67,684,392
shares
Hong Kong Securities Clearing 53,253,136 RM B ordinary 53,253,136
6 / 15
Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 202 3
Company Limited shares
Pulead Technology Industry Co., RM B ordinary
35,748,587 35,748,587
Ltd. shares
Luzhou Industrial Development RM B ordinary
31,770,010 shares 31,770,010
Investment Group Co., Ltd.
Qinghai Puren Intelligent
RM B ordinary
Technology R & D Center (Limited 26,628,340 shares 26,628,340
Partnership)
China M erchants Bank Co., Ltd.－
Wanjiang China Securities 1000 RM B ordinary
8,040,280 8,040,280
Index Strengthened Initiated shares
Securities Investment Fund
Bank of China joint stock company -
RM B ordinary
Dacheng Jingheng Hybrid Securities 6,739,000 6,739,000
shares
Investment Fund
RM B ordinary
Liu Wucai 6,597,688 shares 6,597,688
Beixin Ruifeng Fund - Industrial and
Commercial Bank of China - Beijing RM B ordinary
6,171,777 shares 6,171,777
Hengyu Tianze Investment
M anagement Co., Ltd
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 M easures for
the Administration of acquisitions of listed companies.
Note on the top 10 shareholders'
As of 28 September 2023, Luzhou Industrial Development Investment Group Co., Ltd., held
participation in securities margin
31,770,010 shares through the credit securities account.
trading (if any)
Explanation on the shareholding of the repurchase account
As at the close of the stock market on 28 September 2023, the number of shares held in the Company's special account for repurchases
was 36,424,192, representing 2.94% of the total share capital as at the close of the stock market on 28 September 2023..
2. Total Number of Preference Shareholders and Information of Top 10 Preference Shareholders
□ Applicable √ Not applicable
III Other Significant Events
√Applicable □ Not applicable
On 12 October 2023, the Company received a notification from Dong Fang Precision (Netherland) Cooperatief U.A. ("Dong Fang
Precision (Netherlands)"), a wholly -owned overseas subsidiary, that Fosber S.p.A. ("Fosber Italy"), a wholly -owned subsidiary of
Dong Fang Precision (Netherlands), had on the same day entered into an agreement with the Italian tax authorities regarding t he
applicable tax rate for dividend withholding tax of Fosber Italy, which involves the payment of Euro 6,330.2 thousand (including
interest) and related penalties of Euro 332.5 thousand.
For details of the relevant matters, please refer to the ''Announcement Regarding the Signing of Tax Settlement Agreement by
Overseas Subsidiaries'' published in China Securities Journal, Securities Times, Shanghai Securities News and CNInfo.com.cn on 14
October 2023.
This matter, as a subsequent matter after the third quarter of 2023, is proposed to be included in the current profit and loss of 2023
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 202 3
and is expected to affect the profit and loss of the Company for the year 2023 (the amount of the impact is subject to the final audit
result).
IV Quarterly Financial Statements
1. Financial Statements
(1) Consolidated Balance Sheet
Prepared by: Guangdong Dongfang Precision S cience & Technology Co., Ltd.
30 September 2023
Unit: RMB
Item 30 S eptember 2023 1 January 2023
Current assets:
Cash and bank balances 1,773,354,807.40 1,274,447,199.74
Settlement provisions
Dismantling funds
Financial assets held for trading 717,700,052.69 860,832,278.88
Derivative financial assets
Notes receivable 43,441,697.88 24,566,100.12
Accounts receivable 826,817,540.40 837,305,757.46
Receivable financing 26,935,016.45 15,305,668.26
Prepayments 59,483,224.75 64,946,901.26
Premium receivable
Receivable reinsurance account
Provision for reinsurance contract
receivable
Other receivables 37,950,603.46 83,996,902.82
Including: Interest receivable
Dividend receivable
Buy back resale financial assets
Inventories 1,324,560,905.19 1,092,981,884.51
Contract assets 42,391,871.83 65,089,851.21
Assets held for sale
Non-current assets due within one
3,245,000.00 311,763,750.00
year
Other current assets 71,263,019.13 61,370,451.31
Total current assets 4,927,143,739.18 4,692,606,745.57
Non-current assets:
Loans and advances
Debt investment
Other debt investments 10,165,452.05
Long-term receivables 1,756,167.00 1,294,299.00
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 202 3
Item 30 S eptember 2023 1 January 2023
Long-term equity investment 123,196,732.16 95,352,681.52
Investment in other equity
instruments
Other non-current financial assets 375,882,444.94 334,449,603.33
Real estate investment
Fixed assets 557,332,193.61 570,200,113.79
Construction in progress 187,138,031.20 38,904,537.85
Productive biological assets
Oil and gas asset
Right-of-use assets 84,465,287.17 86,448,978.02
Intangible assets 362,167,302.22 368,103,395.11
Development expenditure 108,069.78 3,702,229.76
Goodwill 434,524,802.74 430,916,848.74
Long-term prepaid expenses 30,809,068.54 16,735,552.98
Deferred tax assets 242,092,704.47 244,542,124.61
Other non-current assets 91,765,154.96 45,320,004.82
Total non-current assets 2,501,403,410.84 2,235,970,369.53
Total assets 7,428,547,150.02 6,928,577,115.10
Current liabilities:
Short-term borrowings 371,045,190.46 41,815,129.24
Borrowing from the Central Bank
Borrowed funds
Financial liabilities held for trading 46,252,343.81 57,022,555.58
Derivative financial liabilities
Notes payable 161,499,891.26 149,918,253.31
Accounts payable 719,436,852.30 748,319,561.21
Advance receivables
Contract liabilities 727,787,700.27 692,567,968.60
Selling back financial assets
Deposits and Interbank deposit
Agent trading securities
Agent underwriting securities
Employee benefits payable 134,613,102.06 123,695,328.31
Tax payable 44,540,870.19 24,111,703.70
Other payables 104,697,279.42 90,080,142.50
Including: Interest payable
Dividend payable
Fees and commissions
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within 58,257,517.47 315,767,431.26
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 202 3
Item 30 S eptember 2023 1 January 2023
one year
Other current liabilities 9,205,442.75 5,988,879.29
Total current liabilities 2,377,336,189.99 2,249,286,953.00
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 85,892,612.35 57,884,494.89
Bonds payable
Including: Preference Shares
Perpetual bonds
Lease liabilities 68,051,349.80 68,989,111.33
Long-term payables
Long-term employee benefits
12,659,600.63 13,179,944.17
payable
Provisions 164,435,207.87 118,945,953.78
Deferred income 10,236,156.66 11,073,651.66
Deferred tax liabilities 6,357,793.75 6,825,450.77
Other non-current liabilities 136,799,573.47 136,396,292.55
Total non-current liabilities 484,432,294.53 413,294,899.15
Total Liabilities 2,861,768,484.52 2,662,581,852.15
Equity:
Share capital 1,240,858,400.00 1,241,106,400.00
Other equity instruments
Including: Preference Shares
Perpetual bonds
Capital surplus 2,894,240,128.97 2,947,263,843.53
Less: Treasury stock 210,303,842.45 240,255,502.45
Other comprehensive income 45,573,370.35 26,512,917.07
Special reserve 15,163,015.28 14,488,955.52
Surplus reserves 51,830,974.45 51,830,974.45
General risk preparation
Retained earnings 294,878,359.35 23,018,722.11
Total equity attributable to owners of the
4,332,240,405.95 4,063,966,310.23
parent
Non-controlling interests 234,538,259.55 202,028,952.72
Total equity 4,566,778,665.50 4,265,995,262.95
Total liabilities and equity 7,428,547,150.02 6,928,577,115.10
Le gal re pre sentative : Tang Zhuolin, Chief Financial Officer: Shao Yongfeng, Person-in-charge of the accounting organ : Chen Nan
(2) Consolidated Income Statement for Q1 - Q3 2023
Unit: RM B
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 202 3
Item Q1 - Q3 2023 Q1 - Q3 2022
1 Total operating revenue 3,326,262,408.67 2,430,877,101.51
Including: Operating revenue 3,326,262,408.67 2,430,877,101.51
Interest income
Premiums earned
Fee and commission income
2 Total operating cost 2,911,839,993.09 2,181,012,828.57
Including: Cost of sales 2,372,755,817.02 1,799,559,740.41
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 11,027,790.44 8,804,294.91
Selling expenses 189,516,388.18 110,439,583.77
Administrative expenses 255,513,959.93 211,114,440.03
R&D expenses 91,625,113.42 69,233,420.51
Finance costs -8,599,075.90 -18,138,651.06
Including: Interest expenses 9,193,820.94 7,768,835.81
Interest income 22,427,791.25 13,284,771.87
Add: Other income 6,535,876.93 10,783,803.62
Investment income (loss with "-" sign) 35,657,924.30 9,075,220.66
Including: Share of profit or loss of joint
-2,192,833.50 1,640,958.28
ventures and associates
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
-17,567,736.91 -17,745,079.57
"-" sign)
Credit impairment loss (loss is listed with "-
-1,835,764.65 570,166.71
" sign)
Asset impairment loss (loss with "-" sign) -6,916,232.58 -8,240,821.46
Gain/loss on disposal of assets (loss with "-"
-2,306,859.05 -169,039.14
sign)
3 Operating profit (losses are listed with "-" sign) 427,989,623.62 244,138,523.76
Add: Non-operating income 4,247,134.69 1,568,768.68
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 202 3
Item Q1 - Q3 2023 Q1 - Q3 2022
Less: Non-operating expenses 3,914,282.79 834,313.53
5 Gross profit (the gross loss shall be filled in with the
428,322,475.52 244,872,978.91
sign "-")
Less: Income tax expenses 121,511,716.17 52,557,877.53
Net profit (net loss is listed with "-" sign) 306,810,759.35 192,315,101.38
(1) Net profit from continuing operations
i. Net profit from continuing operations (net loss
306,810,759.35 192,315,101.38
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 271,859,637.24 172,317,292.32
ii. Net profit attributable to non-controlling
34,951,122.11 19,997,809.06
interests
6 Other comprehensive income/(loss), net of tax 18,843,327.93 8,631,564.33
Other comprehensive income/(loss) attributable
19,060,453.28 12,443,804.09
to owners of the parent, net of tax
(1) Other comprehensive loss that will not be
-336,960.08 919,271.17
reclassified to profit or loss
i. Changes caused by remeasurements
-336,960.08 919,271.17
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
19,397,413.36 11,524,532.92
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 19,397,413.36 11,524,532.92
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 202 3
Item Q1 - Q3 2023 Q1 - Q3 2022
translation of foreign currency -denominated financial
statements
vii. Other
Other comprehensive income attributable to non-
-217,125.35 -3,812,239.76
controlling interests, net of tax
Total comprehensive income 325,654,087.28 200,946,665.71
Total comprehensive income attributable to
290,920,090.52 184,761,096.41
owners of the parent
Total comprehensive income attributable to non-
34,733,996.76 16,185,569.30
controlling interests
Earnings per share:
(1) Basic earnings per share 0.23 0.14
(2) Diluted earnings per share 0.23 0.14
Le gal re pre sentative : Tang Zhuolin, Chief Financial Officer: Shao Yongfeng, Person-in-charge of the accounting organ : Chen Nan
(3) Consolidated Statement of Cash Flows for Q1 - Q3 2023
Unit: RM B
Item Q1 - Q3 2023 Q1 - Q3 2023
1 Cash flows from operating activities:
Proceeds from sale of goods and rendering of
3,394,401,275.51 2,821,088,548.15
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 52,098,968.28 48,677,542.53
Cash generated from other operating activities 45,359,284.90 42,720,718.95
Subtotal of cash generated from operating activities 3,491,859,528.69 2,912,486,809.63
Payments for goods and services 2,405,738,718.03 1,955,131,223.15
Net increase in customer loans and advances
Net increase in central bank and interbank
deposits
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 202 3
Item Q1 - Q3 2023 Q1 - Q3 2023
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 486,695,698.59 435,275,683.75
Payments of all types of taxes and surcharges 96,515,400.83 97,860,534.42
Cash used in other operating activities 222,625,737.12 255,783,640.56
Subtotal of cash used in operating activities 3,211,575,554.57 2,744,051,081.88
Net cash generated from/used in operating activities 280,283,974.12 168,435,727.75
2 Cash flows from investing activities:
Proceeds from disinvestment 2,288,133,445.35 4,213,816,412.95
Investment income 64,254,590.49 32,956,946.59
Net proceeds from the disposal of fixed assets,
176,629.60 514,643.30
intangible assets and other long-lived assets
Disposal of net cash received by subsidiaries and
other business units
Cash generated from other investing activities 735,039.91
Subtotal of cash generated from investing activities 2,352,564,665.44 4,248,023,042.75
Payments for the acquisition of fixed assets,
222,489,586.19 124,076,109.92
intangible assets and other long-lived assets
Payments for investments 2,216,047,316.84 4,307,288,859.03
Net increase in pledged loans
Obtain net cash paid by subsidiaries and other
139,172,016.05
business units
Cash used in other investing activities 50,000,000.00
Subtotal of cash used in investing activities 2,488,536,903.03 4,570,536,985.00
Net cash generated from/used in investing activities -135,972,237.59 -322,513,942.25
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 404,970,419.08 289,036,795.45
Cash generated from other financing activities 363,785,545.55 691,069,966.87
Subtotal of cash generated from financing activities 768,755,964.63 980,106,762.32
Repayment of borrowings 315,273,920.95 409,750,318.61
Interest and dividends paid 10,518,210.80 6,847,827.14
Including: Interest and dividends paid to
minority shareholders
Cash used in other financing activities 149,079,422.04 599,831,200.17
Subtotal of cash used in financing activities 474,871,553.79 1,016,429,345.92
Net cash generated from/used in financing activities 293,884,410.84 -36,322,583.60
4 Effect of foreign exchange rates changes on cash
11,387,173.60 15,250,110.14
and cash equivalents
5 Net (decrease)/increase in cash and cash equivalents 449,583,320.97 -175,150,687.96
Add: Cash and cash equivalents, beginning of 1,233,720,697.27 1,259,303,775.74
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Guangdong Dongfang Precision Science & Technology Co., Ltd. Report of Q3 202 3
Item Q1 - Q3 2023 Q1 - Q3 2023
the period
6 Cash and cash equivalents, end of the period 1,683,304,018.24 1,084,153,087.78
Le gal re pre sentative : Tang Zhuolin, Chief Financial Officer: Shao Yongfeng, Person-in-charge of the accounting organ : Chen Nan
2. Adjustments to financial statements at the beginning of the year of first implementation of new accounting
standards for the first time from 2023 onwards
□ Yes √ No
3. Audit Report
Whether the Report has been audited
□ Yes √ No
The report for the third quarter of 2023 of the Company has not been audited.
Board of Directors
of
Guangdong Dongfang Precision Science & Technology Co., Ltd.
23 October 2023
15 / 15
