HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for
The First Quarter 2021
Section I. Important Notes
The Board of Directors, the Board of Supervisors as well as all the directors, supervisors and senior
managers of HARBIN BOSHI AUTOMATION CO., LTD. (hereinafter referred to as “the Company”)
warrant the factuality, accuracy and completeness of this Report and there is no false record, misleading
statement or material omission. And they will be severally and jointly liable for this Report.
All directors attended the Board Meeting in person for reviewing this Report.
Mr. Deng Xijun, person in charge of the Company, Mr. Sun Zhiqiang, person in charge of accounting work
of the Company, and Ms. Wang Peihua, person in charge of Accounting Department of the Company warrant
that the financial statements in this Report are factual, accurate and complete.
The Company’s Interim Report for the First Quarter 2021 is prepared and published in Chinese version, and
the English version is for reference only. Should there be any inconsistency between the Chinese version and
English version, the Chinese version shall prevail.
Section II. Basic Situation of the Company
1. Key accounting data and financial indicators
Indicate by check mark if there is any retrospectively restated accounting data of previous years.
□Yes √No
Jan 1 to Mar 31, 2021 Jan 1 to Mar 31, 2020 Year to year change (%)
Operating Revenue (RMB Yuan) 546,281,751.47 486,509,069.88 12.29%
Net profit attributable to parent company’s
149,917,543.44 114,809,150.06 30.58%
shareholders (RMB Yuan)
Net profit attributable to parent company’s
shareholders excluding non-recurring gains and 140,396,126.34 108,408,672.06 29.51%
losses (RMB Yuan)
Net cash flows from operating activities (RMB
106,876,043.79 -71,169,052.04 250.17%
Yuan)
Basic EPS (RMB Yuan /share) 0.1466 0.1123 30.54%
Diluted EPS (RMB Yuan /share) 0.1466 0.1123 30.54%
Weighted average ROE 5.67% 4.89% 0.78%
Increase/decrease of
Mar 31, 2021 Dec 31, 2020 Mar 31, 2021 over Dec 31,
2020
Total assets (RMB Yuan) 4,620,335,655.91 4,576,810,168.61 0.95%
Net assets attributable to parent company’s
2,717,257,881.89 2,568,750,413.53 5.78%
shareholder (RMB Yuan)
Non-recurring gains and losses
√ Applicable □Not applicable
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
Unit: RMB Yuan
Item Jan 1 to Mar 31, 2021 Note
Profit or loss from disposal of non-current assets (including the write-off of accrued
-17,219.91
for impairment of assets)
Governmental subsidy reckoned into current gains or losses (excluding the subsidy
enjoyed in quota or ration according to the unified national standards, which are 4,387,584.07
closely relevant to enterprise’s business)
Except for effectively hedging business related to normal business operations of the
Company, profit or loss arising from the changes in the fair value of financial assets
held for trading, derivative financial assets, financial liabilities held for trading and Income from cash
6,790,115.75
derivative financial liabilities, as well as investment income from the disposal of management
financial assets held for trading, derivative financial assets, financial liabilities held
for trading, derivative financial liabilities and investments in other debt obligations
Less: Impact on income tax 1,263,623.84
Impact on minority shareholders’ equity (after tax) 375,438.97
Total 9,521,417.10 --
Explain the reasons if the Company classifies the non-recurring profit/loss item according to the definition in
Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the
Public --- non-recurring Profit and loss, or classifies any non-recurring profit/loss item listed in the
Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the
Public --- non-recurring Profit and loss as the recurring profit/loss item.
□Applicable √Not applicable
There is no non-recurring profit/loss items according to the definition or the lists in Explanatory
Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public ---
non-recurring Profit and loss are classified as recurring profit/loss items in the Company in reporting period.
2. Number of stockholders and the shareholding conditions of the top 10 shareholders at the end of the
reporting period
(1) Number of common stockholders and preferred stockholders with voting rights restored and the
shareholding conditions of the top 10 shareholders
Unit: Share
Total number of shareholders of common Total number of shareholders of preferred stock with
26,887 0
stocks at the end of the reporting period resumed voting right at the end of the reporting period
Top 10 shareholders
Quantity of Quantity of Pledged or frozen stocks
Name Nature Ownership
stocks restricted stocks Status Quantity
Harbin Institute of Technology Asset Domestic state-owned
22.11% 226,135,000
Investment Management Co. Ltd legal person
Deng Xijun Domestic natural person 9.31% 95,206,362 71,404,772
Zhang Yuchun Domestic natural person 8.09% 82,696,357 62,022,268 Pledged 16,053,400
Wang Chungang Domestic natural person 5.61% 57,394,047 43,045,535
Cai Zhihong Domestic natural person 4.96% 50,677,029
Cai Hegao Domestic natural person 4.89% 50,000,000 37,500,000
Sealand Securities - SPDB - Guohai
Securities Lvyuan No. 1058 Collective Others 2.00% 20,450,000
Asset Management Plan
Tan Jianxun Domestic natural person 1.51% 15,432,533
Cheng Fang Domestic natural person 1.51% 15,405,738
Hong Kong Securities Clearing
Foreign legal person 1.30% 13,336,112
Company Ltd. (HKSCC)
Top 10 non-restricted shareholders
Quantity of non-restricted Type of shares
Name
stocks Type Quantity
Harbin Institute of Technology Asset Investment
226,135,000 RMB common stock 226,135,000
Management Co. Ltd
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
Cai Zhihong 50,677,029 RMB common stock 50,677,029
Deng Xijun 23,801,590 RMB common stock 23,801,590
Zhang Yuchun 20,674,089 RMB common stock 20,674,089
Sealand Securities - SPDB - Guohai Securities Lvyuan
20,450,000 RMB common stock 20,450,000
No. 1058 Collective Asset Management Plan
Tan Jianxun 15,432,533 RMB common stock 15,432,533
Cheng Fang 15,405,738 RMB common stock 15,405,738
Wang Chungang 14,348,512 RMB common stock 14,348,512
Hong Kong Securities Clearing Company Ltd. (HKSCC) 13,336,112 RMB common stock 13,336,112
Cai Hegao 12,500,000 RMB common stock 12,500,000
Among the above-mentioned shareholders, Deng Xijun, Zhang Yuchun, Wang
Chungang, and Cai Hegao keep concerted action through the Concert Action
Agreement and jointly control the company at the end of the reporting period; Cai
Zhihong is the son of Cai Hegao, he independently exercised shareholder rights
based on his personal wishes, he has not signed concerted action agreement or
Explanation on the above-mentioned shareholders’ reached a similar agreement or arrangement with Cai Hegao, nor has other
affiliated relationship or concerted action concerted action plan, they are not persons acting in concert; Cheng Fang is the
sister of Wang Chungang 's wife; Cheng Fang and Tan Jianxun are the sponsors
of shareholders. In addition, the company is not made aware whether there is any
affiliated relationship between the above-mentioned shareholders or whether they
are persons acting in concert as defined in Administrative Measures for the
Acquisition of Listed Companies.
Explanation on the top 10 shareholders that are engaged
None
in margin trading business
Whether the top 10 shareholders or the top 10 non-restricted shareholders of the Company conduct any
promissory repurchase during the reporting period or not.
□Yes √No
The top 10 shareholders and the top 10 non-restricted shareholders of the Company did not conduct any
promissory repurchase during the reporting period
Note: On Dec 22, 2020, Harbin Institute of Technology Asset Investment Management Co. Ltd (hereinafter
referred to as "HIT Investment") and Lianchuang Weilai (Wuhan) Intelligent Manufacturing Industry
Investment Partnership (limited partnership)(hereinafter referred to as "Lianchuang Weilai") signed the
"Share Transfer Agreement" with effective conditions. Lianchuang Weilai has acquired 175,007,500
non-restricted tradable shares of Boshi held by HIT Investment, accounting for 17.11% of the total share
capital of Boshi. After the completion of this share transfer, Lianchuang Weilai will become the largest
shareholder of the Company, but is non-controlling shareholder. The "Share Transfer Agreement" has been
approved and effected by Harbin Institute of Technology. At present, the share transfer has not yet been
registered temporarily.
(2) The total number of preferred shareholders and the top 10 preferred shareholders' shareholdings
of the Company
□Applicable √Not applicable
Section III. Significant Events
1. Major changes and explanation about variations in key financial statement items and financial
indicators during the reporting period.
√Applicable □Not applicable
Mar 31,2021
Consolidated Balance Sheet items Change (%) Reasons for the changes
(RMB Yuan)
Advance payment 69,920,091.00 41.65% Mainly due to the increase of operating prepayments of goods
The decoration expenses of building has been fully amortized
Long-term deferred expenses -100.00%
in the current reporting period
The rent received in advance for the lease activity from the
Advance from customers 323,500.00 397.69%
subsidiary
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
The year-end bonus of 2020 accrued at the end of the previous
Employee benefits payable 20,477,661.37 -60.89%
period were paid in Feb, 2021, and the balance decreased
The payables to employees at the end of the reporting period
Other payables 2,645,148.74 63.42%
increased
Non-current liabilities due within one
29,251,450.24 103.64%
year It is mainly including the long term bank loan due within one
year of the subsidiary- BOAO Environment
Long-term loans -100.00%
Foreign currency translation differences arising from foreign
Other comprehensive income 4,792,678.09 -32.63%
secondary subsidiary
Consolidated Income Statement items
Jan 1 to Mar 31,
from the beginning of the year to the Change (%) Reasons for the changes
2021 (RMB Yuan)
end of the reporting period
The impact of exchange gains and losses due to exchange rate
Financial expenses 811,977.16 810.19%
fluctuations in the current period
The software tax refund received in current period increased
Other income 24,924,414.47 522.54%
over the same period of last year
Investment income (loss is stated with
-3,630,366.42 -2694.34%
“-”) Mainly due to the impact of fluctuations in the profitability of
Thereof: Investment income from associates and joint ventures
-7,616,168.62 -57.54%
associates and joint ventures
Gains from changes in fair value (loss
2,804,313.55 62.69% Due to the impact of cash management
is stated with “-”)
Credit impairment losses (loss is stated The provision for bad debts for the current period decreased
3,731,390.95 -322.44%
with “-”) over the same period of last year
Asset impairment losses (loss is stated The asset impairment provision increased over the same
-960,513.98 436.34%
with “-”) period of last year
Gains from disposal of assets (loss is The loss caused by the disposal of fixed assets in the current
-16,983.16 -42.30%
stated with “-”) period increased year-on-year
Non-operating income -100.00% There is no non-operating income in the current period
Non-operating expenses 236.75 -95.14% Non-operating expenses of the current period decreased
Translation differences arising from
Foreign currency translation differences arising from foreign
translation of foreign currency financial -2,321,150.75 -2235.39%
secondary subsidiary
statements
Consolidated Cash Flow Statement
Jan 1 to Mar 31,
items from the beginning of the year to Change (%) Reasons for the changes
2021 (RMB Yuan)
the end of the reporting period
The cash flows of same period of last year were affected by
Net cash flows from operating activities 106,876,043.79 250.17% the COVID-19 , and that of the current period has returned to
normal levels
Net cash flows from investing activities -129,866,710.84 -275.90% Mainly due to the impact of cash management
Mainly due to the cash dividends distributed by subsidiaries to
Net cash flows from financing activities -7,838,611.91 -1456.52% minority shareholders in the current period increased over the
same period of last year
Note: The Consolidated Balance Sheet items in the table above refer to items at the end of current period that
increased or decreased more than 30% over the balance of the end of previous year, the Consolidated Income
Statement items from the beginning of the year to the end of the reporting period and Consolidated Cash
Flow Statement items from the beginning of the year to the end of the reporting period refer to items during
current period that increased or decreased more than 30% over the same period of last year. The current
period is from Jan 1, 2021 to Mar 31, 2021.
2. Progress, influence and solutions of significant events
□Applicable √Not applicable
Progress of share repurchase
□Applicable √Not applicable
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
Progress of any repurchased share reduction through centralized price bidding
□Applicable √Not applicable
3. Overdue commitments from the Company’s actual controller, shareholders, related parties and
acquirers, as well as the Company and other commitment makers in the reporting period
□Applicable √Not applicable
There is no overdue commitment of the Company’s actual controller, shareholders, related parties and
acquirers, as well as the Company and other commitment makers in the reporting period.
4. Financial assets investment
(1) Securities investment
□Applicable √Not applicable
There is no investment in securities in the reporting period.
(2) Derivatives investments
□Applicable √Not applicable
There is no investment in derivatives in the reporting period.
5. Progress of investment projects with raised funds
□Applicable √Not applicable
6. Operating result forecast from January to June of 2021
Warning and explanations for the reasons of possible loss or considerable year to year change of the
accumulated net profit during the beginning of 2021 until the end of the next reporting period according to
predictions.
□Applicable √Not applicable
7. Entrusted financial management
√Applicable □Not applicable
Unit: RMB Ten Thousands Yuan
Amount of entrusted Overdue amount not
Type Funding source Closing carrying amount
financial management recovered
Bank cash management The Company's own
50,000 50,000 0
instrument funds
Total 50,000 50,000 0
Note: All the entrusted financial management products in the above are structured deposits. The amount of
entrusted financial management is the highest balance of this type of entrusted financial management held by
the company during the reporting period. The closing carrying amount refers to the outstanding balance of
this type of entrusted financial management held at the end of the reporting period.
The specific situation of high-risk entrusted financial management with a large single amount or low security,
poor liquidity, and no principal protection
□Applicable √Not applicable
The entrusted financial management is expected to be unable to recover the principal or other situations that
may cause impairment
□Applicable √Not applicable
8. External guarantees against regulation
□Applicable √Not applicable
There is no external guarantee against regulation in the reporting period.
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
9. Occupation of the Company’s funds by the controlling shareholders or its related parties for
non-operating purposes
□Applicable √Not applicable
There is no occupation of the Company’s funds by the controlling shareholders or its related parties for
non-operating purposes in the reporting period.
Section IV. Financial Statements
1. Financial statements
(1) Consolidated Balance Sheet
Prepared by HARBIN BOSHI AUTOMATION CO., LTD.
Unit: RMB Yuan
Item Mar 31 ,2021 Dec 31, 2020
Current assets：
Cash and cash equivalent 81,410,970.22 114,882,208.58
Financial assets held for trading 1,054,970,985.54 925,736,671.99
Derivative financial assets
Notes receivable 414,414,383.92 451,042,158.41
Accounts receivable 723,186,569.71 697,718,969.34
Financing receivable
Advance payment 69,920,091.00 49,361,424.98
Other receivables 15,101,436.66 12,814,291.13
Thereof: Interest receivable
Dividend receivable
Inventories 1,466,837,073.83 1,510,919,027.41
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 29,211,483.53 32,990,507.69
Total current assets 3,855,052,994.41 3,795,465,259.53
Non-current assets:
Debt investments
Other debt investments
Long-term receivable
Long-term equity investment 336,478,482.21 344,094,650.83
Investment in other equity instruments 35,000,000.00 35,000,000.00
Other non-current financial assets
Investment real estate 7,060,892.20 7,159,198.06
Fixed assets 230,835,826.68 235,572,771.55
Construction in progress 4,099,390.68 4,099,390.68
Productive biological assets
Oil and gas assets
Right-of-use assets 1,148,282.77
Intangible assets 61,255,709.78 62,601,735.18
Development expenditure
Goodwill 60,703,607.93 63,225,965.69
Long-term deferred expenses 6,416.02
Deferred income tax assets 28,700,469.25 29,584,781.07
Other non-current assets
Total non-current assets 765,282,661.50 781,344,909.08
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
Total assets 4,620,335,655.91 4,576,810,168.61
Current liabilities:
Short-term loans 20,000,000.00 20,000,000.00
Financial liabilities held for trading
Derivative financial liabilities
Notes payable
Accounts payable 136,188,091.63 176,663,766.15
Advance from customers 323,500.00 64,999.97
Contract liabilities 1,378,788,351.31 1,414,586,745.15
Employee benefits payable 20,477,661.37 52,359,540.74
Taxes payable 40,852,091.56 31,686,005.73
Other payables 2,645,148.74 1,618,618.55
Thereof: Interest payable
Dividend payable
Liabilities held for sale
Non-current liabilities due within one year 29,251,450.24 14,364,107.49
Other current liabilities 106,641,670.24 108,007,436.68
Total current liabilities 1,735,167,965.09 1,819,351,220.46
Non-current liabilities：
Long-term loans 15,000,000.00
Bonds payable
Thereof: Preferred stock
Perpetual debt
Lease liabilities 119,119.10
Long-term payables 6,000,000.00 6,168,966.21
Long-term employee benefits payable
Estimated liabilities
Deferred income 11,440,879.78 12,464,554.00
Deferred income tax liability 9,174,528.09 8,298,154.76
Other non-current liabilities
Total non-current liabilities 26,734,526.97 41,931,674.97
Total Liabilities 1,761,902,492.06 1,861,282,895.43
Shareholders' equity:
Share capital 1,022,550,000.00 1,022,550,000.00
Other equity instruments
Thereof: Preferred stock
Perpetual debt
Capital reserve 154,755,282.47 154,755,282.47
Minus: treasury shares
Other comprehensive income 4,792,678.09 7,113,828.84
Special reserve 23,708,597.81 22,797,522.14
Surplus reserve 209,534,453.40 209,534,453.40
General risk reserve
Retained earnings 1,301,916,870.12 1,151,999,326.68
Total equity attributable to shareholders of parent
2,717,257,881.89 2,568,750,413.53
company
Minority shareholder equity 141,175,281.96 146,776,859.65
Total shareholders' equity 2,858,433,163.85 2,715,527,273.18
Total liabilities and shareholders' equity 4,620,335,655.91 4,576,810,168.61
Legal representative: Deng Xijun
Person in charge of accounting work: Sun Zhiqiang
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
Person in charge of Accounting Department: Wang Peihua
(2) Balance Sheet of Parent Company
Unit: RMB Yuan
Item Mar 31 ,2021 Dec 31, 2020
Current assets:
Cash and cash equivalent 5,696,589.45 20,668,974.65
Financial assets held for trading 1,001,104,814.36 864,752,467.80
Derivative financial assets
Notes receivable 365,182,788.13 400,328,817.95
Accounts receivable 654,872,962.23 618,994,281.14
Financing receivable
Advance payment 54,984,599.09 36,079,366.62
Other receivables 10,263,238.08 8,618,285.70
Thereof: Interest receivable
Dividend receivable
Inventories 1,225,037,966.70 1,259,018,020.07
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 9,553,265.98 3,871,403.23
Total current assets 3,326,696,224.02 3,212,331,617.16
Non-current assets:
Debt investments
Other debt investments
Long-term receivable
Long-term equity investment 450,358,482.21 457,974,650.83
Investment in other equity instruments 17,000,000.00 17,000,000.00
Other non-current financial assets
Investment real estate
Fixed assets 166,797,383.59 168,164,460.66
Construction in progress 4,099,390.68 4,099,390.68
Productive biological assets
Oil and gas assets
Right-of-use assets
Intangible assets 36,401,196.40 36,808,912.03
Development expenditure
Goodwill
Long-term deferred expenses 6,416.02
Deferred income tax assets 23,011,069.00 24,074,930.72
Other non-current assets
Total non-current assets 697,667,521.88 708,128,760.94
Total assets 4,024,363,745.90 3,920,460,378.10
Current liabilities:
Short-term loans
Financial liabilities held for trading
Derivative financial liabilities
Notes payable
Accounts payable 148,150,260.97 173,103,981.93
Advance from customers
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
Contract liabilities 1,057,491,731.06 1,063,847,810.82
Employee benefits payable 14,196,236.47 41,357,068.35
Taxes payable 36,977,599.11 24,889,780.41
Other payables 3,860,723.71 3,381,907.20
Thereof: Interest payable
Dividend payable
Liabilities held for sale
Non-current liabilities due within one year
Other current liabilities 92,928,060.30 96,654,652.84
Total current liabilities 1,353,604,611.62 1,403,235,201.55
Non-current liabilities:
Long-term loans
Bonds payable
Thereof: Preferred stock
Perpetual debt
Lease liabilities
Long-term payables 6,000,000.00 6,000,000.00
Long-term employee benefits payable
Estimated liabilities
Deferred income 11,440,879.78 12,464,554.00
Deferred income tax liabilities 6,263,819.18 5,387,156.24
Other non-current liabilities
Total non-current liabilities 23,704,698.96 23,851,710.24
Total Liabilities 1,377,309,310.58 1,427,086,911.79
Shareholders' equity:
Share capital 1,022,550,000.00 1,022,550,000.00
Other equity instruments
Thereof: Preferred stock
Perpetual debt
Capital reserve 154,745,576.65 154,745,576.65
Minus: treasury shares
Other comprehensive income
Special reserve 20,492,573.26 19,874,721.13
Surplus reserve 209,534,453.40 209,534,453.40
Retained earnings 1,239,731,832.01 1,086,668,715.13
Total shareholders' equity 2,647,054,435.32 2,493,373,466.31
Total liabilities and shareholders' equity 4,024,363,745.90 3,920,460,378.10
(3) Consolidated Income Statement
Unit: RMB Yuan
Item Jan 1 to Mar 31, 2021 Jan 1 to Mar 31, 2020
1. Total revenue 546,281,751.47 486,509,069.88
Thereof : Operating revenue 546,281,751.47 486,509,069.88
2. Total cost 390,910,713.21 324,172,971.04
Thereof: Operating cost 329,073,920.47 266,471,456.88
Taxes and surcharges 3,215,878.17 3,214,906.99
Selling expenses 16,890,482.47 19,066,807.73
General and administrative expenses 24,597,082.34 21,563,331.27
Research and development expenses 16,321,372.60 13,970,801.24
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
Financial expenses 811,977.16 -114,333.07
Thereof : Interest expenses 344,479.07 413,937.31
Interest income 35,314.93 57,628.25
Add: Other income 24,924,414.47 4,003,633.49
Investment income (loss is stated with “-”) -3,630,366.42 -129,918.60
Thereof: Investment income from associates and joint
-7,616,168.62 -4,834,520.84
ventures
Gain from the derecognition of the financial assets
measured at amortised cost
Gains from changes in fair value (loss is stated with “-”) 2,804,313.55 1,723,692.53
Credit impairment losses (loss is stated with “-”) 3,731,390.95 -1,677,495.39
Asset impairment losses (loss is stated with “-”) -960,513.98 -179,085.30
Gains from disposal of assets (loss is stated with “-”) -16,983.16 -11,934.67
3. Operating profit (loss is stated with “-”) 182,223,293.67 166,064,990.90
Add: Non-operating income 6,598.59
Less: Non-operating expenses 236.75 4,874.49
4. Total profit (loss is stated with “-”) 182,223,056.92 166,066,715.00
Less: Income tax expenses 28,554,160.54 28,160,389.28
5. Net profit (loss is stated with “-”) 153,668,896.38 137,906,325.72
(1) Classified by continuity of operations
Net profit from continuing operations(loss is stated with “-”) 153,668,896.38 137,906,325.72
Net profit from discontinued operations(loss is stated with “-”)
(2) Classified by ownership of the equity
Attributable to shareholders of the Parent Company 149,917,543.44 114,809,150.06
Minority interests 3,751,352.94 23,097,175.66
6. Other comprehensive income, net of tax -4,551,275.98 213,135.24
Other comprehensive income attributable to shareholders of the
-2,321,150.75 108,698.98
Parent Company, net of tax
(1) Other comprehensive income items which will not be
reclassified subsequently to profit or loss
1) Changes arising from re-measurement of defined benefit
plan
2) Other comprehensive income that will not be transferred
subsequently to profit or loss under the equity method
3) Changes in the fair value of the investment in other
equity instruments
4)Changes in the fair value of the Company’s own credit
risk
5)Others
(2) Other comprehensive income items which will be reclassified
-2,321,150.75 108,698.98
subsequently to profit or loss
1) Other comprehensive income that will be transferred
subsequently to profit or loss under the equity method
2)Changes in the fair value of other debt investments
3)Amount of financial assets reclassified and included in
other comprehensive income
4) Credit impairment reserves for other debt investment
5) Cash flow hedging reserve
6) Translation differences arising from translation of
-2,321,150.75 108,698.98
foreign currency financial statements
7)Others
Other comprehensive income attributable to minority shareholders,
-2,230,125.23 104,436.26
net of tax
7. Total comprehensive income 149,117,620.40 138,119,460.96
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
Attributable to shareholders of the Parent Company 147,596,392.69 114,917,849.04
Minority interests 1,521,227.71 23,201,611.92
8. Earnings per share
(1) Basic earnings per share 0.1466 0.1123
(2) Diluted earnings per share 0.1466 0.1123
Legal representative: Deng Xijun
Person in charge of accounting work: Sun Zhiqiang
Person in charge of Accounting Department: Wang Peihua
(4) Income Statement of Parent Company
Unit: RMB Yuan
Item Jan 1 to Mar 31, 2021 Jan 1 to Mar 31, 2020
1. Operating revenue 468,377,841.37 370,867,783.06
Less: Operating cost 281,649,728.14 214,612,398.65
Taxes and surcharges 2,876,395.70 3,080,046.98
Selling expenses 13,745,207.67 14,605,307.73
General and administrative expenses 13,127,443.34 15,664,341.97
Research and development expenses 11,301,992.31 12,037,742.43
Financial expenses -334,312.05 -39,465.35
Thereof: Interest expenses
Interest income 22,125.84 45,010.15
Add: Other income 22,934,829.07 3,965,748.55
Investment income (loss is stated with “-”) 3,805,298.49 -665,827.64
Thereof: Investment income from associates and joint
-7,616,168.62 -4,834,520.84
ventures
Gain from the derecognition of the financial assets measured
at amortised cost (loss is stated with “-”)
Net exposure hedge income (loss is stated with “-“)
Gains from changes in fair value (loss is stated with “-”) 2,752,346.56 1,972,272.78
Credit impairment losses (loss is stated with “-”) 3,762,644.87 -2,209,515.29
Asset impairment losses (loss is stated with “-”) -968,907.57 -179,085.30
Gains from disposal of assets (loss is stated with “-”) -16,983.16 -11,934.67
2. Operating profit (loss is stated with “-”) 178,280,614.52 113,779,069.08
Add: Non-operating income 0.54
Less: Non-operating expenses 236.75 4,874.49
3. Total profit (loss is stated with “-”) 178,280,377.77 113,774,195.13
Less: Income tax expenses 25,217,260.89 16,983,865.80
4. Net profit (loss is stated with “-”) 153,063,116.88 96,790,329.33
Net profit from continuing operations (loss is stated with “-”) 153,063,116.88 96,790,329.33
Net profit from discontinued operations (loss is stated with “-”)
5. Other comprehensive income, net of tax
(1) Other comprehensive income items which will not be
reclassified subsequently to profit or loss
1) Changes arising from remeasurement of defined benefit
plan
2) Other comprehensive income that will not be transferred
subsequently to profit or loss under the equity method
3) Changes in the fair value of the investment in other
equity instruments
4)Changes in the fair value of the Company’s own credit
risk
5)Others
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
(2) Other comprehensive income items which will be reclassified
subsequently to profit or loss
1) Other comprehensive income that will be transferred
subsequently to profit or loss under the equity method
2)Changes in the fair value of other debt investments
3)Amount of financial assets reclassified and included in
other comprehensive income
4) Credit impairment reserves for other debt investment
5) Cash flow hedging reserve
6) Translation differences arising from translation of
foreign currency financial statements
7)Others
6. Total comprehensive income 153,063,116.88 96,790,329.33
7. Earnings per share
(1) Basic earnings per share
(2) Diluted earnings per share
(5) Consolidated Cash Flow Statement
Unit: RMB Yuan
Item Jan 1 to Mar 31, 2021 Jan 1 to Mar 31, 2020
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services 514,143,479.89 273,225,523.78
Refund of taxes and surcharges 20,795,564.90 154,544.50
Other cash receipts relating to operating activities 5,390,510.85 8,972,435.89
Sub-total of cash inflows from operating activities 540,329,555.64 282,352,504.17
Cash paid for goods and services 258,417,803.82 177,231,519.33
Cash paid to employees and paid on behalf of employees 113,207,814.04 89,058,821.53
Payments of taxes and surcharges 39,657,300.43 56,081,686.35
Other cash payments relating to operating activities 22,170,593.56 31,149,529.00
Sub-total of cash outflows from operating activities 433,453,511.85 353,521,556.21
Net cash flows from operating activities 106,876,043.79 -71,169,052.04
2. Cash flows from investing activities
Cash received from withdrawing investments 685,770,000.00 571,200,000.00
Cash received from investment income 3,985,802.20 4,704,602.24
Net cash received from disposal of fixed assets, intangible assets and
12,368.08 60,980.54
other long term assets
Net cash received from disposal of subsidiaries and other operating
units
Other cash receipts relating to investing activities
Sub-total of cash inflows from investing activities 689,768,170.28 575,965,582.78
Cash paid to acquire fixed assets, intangible assets and other
7,434,881.12 2,734,707.57
long-term assets
Cash paid to acquire investments 812,200,000.00 499,400,000.00
Net cash paid to acquire subsidiaries and other operating units
Other cash payments relating to investing activities
Sub-total of cash outflows from investing activities 819,634,881.12 502,134,707.57
Net cash flows from investing activities -129,866,710.84 73,830,875.21
3. Cash flows from financing activities
Cash received from capital contributions
Thereof: Cash received by subsidiaries from minority shareholders’
capital contributions
Cash received from borrowings 9,000,000.00 9,000,000.00
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
Other cash receipts from financing activities
Sub-total of cash inflows from financing activities 9,000,000.00 9,000,000.00
Cash repayments of borrowings 9,000,000.00 9,100,520.01
Distribution of dividends or profits and payments for interest
7,834,483.79 399,010.98
expenses
Thereof: Cash payments for dividends or profit to minority
7,350,000.00
shareholders by subsidiaries
Other cash payments relating to financing activities 4,128.12 4,066.88
Sub-total of cash outflows from financing activities 16,838,611.91 9,503,597.87
Net cash flows from financing activities -7,838,611.91 -503,597.87
4. Effect of foreign exchange rate changes on cash and cash equivalents -1,801,957.60 50,291.09
5. Net increase in cash and cash equivalents -32,631,236.56 2,208,516.39
Add: Cash and cash equivalents at the beginning of period 113,464,591.58 143,725,028.13
6. Cash and cash equivalents at the end of period 80,833,355.02 145,933,544.52
(6) Cash Flow Statement of Parent Company
Unit: RMB Yuan
Item Jan 1 to Mar 31, 2021 Jan 1 to Mar 31, 2020
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services 445,133,303.42 198,997,812.30
Refund of taxes and surcharges 19,733,802.38 154,544.50
Other cash receipts relating to operating activities 3,728,275.01 8,677,762.22
Sub-total of cash inflows from operating activities 468,595,380.81 207,830,119.02
Cash paid for goods and services 203,647,770.85 129,082,072.59
Cash paid to employees and paid on behalf of employees 96,764,377.63 73,339,769.29
Payments of taxes and surcharges 31,423,606.10 48,043,975.51
Other cash payments relating to operating activities 15,015,620.20 20,644,187.83
Sub-total of cash outflows from operating activities 346,851,374.78 271,110,005.22
Net cash flows from operating activities 121,744,006.03 -63,279,886.20
2. Cash flows from investing activities
Cash received from withdrawing investments 611,600,000.00 512,770,000.00
Cash received from investment income 11,453,247.93 4,432,391.83
Net cash received from disposal of fixed assets, intangible assets
12,368.08 60,980.54
and other long term assets
Net cash received from disposal of subsidiaries and other operating
units
Other cash receipts relating to investing activities 1,000,000.00
Sub-total of cash inflows from investing activities 623,065,616.01 518,263,372.37
Cash paid to acquire fixed assets, intangible assets and other
6,581,807.47 1,917,942.31
long-term assets
Cash paid to acquire investments 745,200,000.00 441,800,000.00
Net cash paid to acquire subsidiaries and other operating units
Other cash payments relating to investing activities 8,000,000.00
Sub-total of cash outflows from investing activities 759,781,807.47 443,717,942.31
Net cash flows from investing activities -136,716,191.46 74,545,430.06
3. Cash flows from financing activities
Cash received from capital contributions
Cash received from borrowings
Other cash receipts from financing activities
Sub-total of cash inflows from financing activities
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
Cash repayments of borrowings
Distribution of dividends or profits and payments for interest
expenses
Other cash payments relating to financing activities
Sub-total of cash outflows from financing activities
Net cash flows from financing activities
4. Effect of foreign exchange rate changes on cash and cash equivalents -199.77 -12,839.62
5. Net increase in cash and cash equivalents -14,972,385.20 11,252,704.24
Add: Cash and cash equivalents at the beginning of period 20,668,974.65 9,708,839.22
6. Cash and cash equivalents at the end of period 5,696,589.45 20,961,543.46
2. Note to adjustments of the Financial Statements
(1). Adjustment of financial statements at the beginning of the year according to the implementation of
the New Lease Standard for the first time from 2021
√Applicable □Not applicable
Whether it is necessary to adjust the balance sheet accounts for the beginning of the year or not.
√Yes □No
Consolidated Balance Sheet
Unit: RMB Yuan
Item Dec 31, 2020 Jan 1, 2021 Adjustments
Current assets：
Cash and cash equivalent 114,882,208.58 114,882,208.58
Financial assets held for trading 925,736,671.99 925,736,671.99
Notes receivable 451,042,158.41 451,042,158.41
Accounts receivable 697,718,969.34 697,718,969.34
Advance payment 49,361,424.98 49,361,424.98
Other receivables 12,814,291.13 12,814,291.13
Inventories 1,510,919,027.41 1,510,919,027.41
Other current assets 32,990,507.69 32,990,507.69
Total current assets 3,795,465,259.53 3,795,465,259.53
Non-current assets:
Long-term equity investment 344,094,650.83 344,094,650.83
Investment in other equity instruments 35,000,000.00 35,000,000.00
Investment real estate 7,159,198.06 7,159,198.06
Fixed assets 235,572,771.55 234,309,738.79 -1,263,032.76
Construction in progress 4,099,390.68 4,099,390.68
Right-of-use assets 1,263,032.76 1,263,032.76
Intangible assets 62,601,735.18 62,601,735.18
Goodwill 63,225,965.69 63,225,965.69
Long-term deferred expenses 6,416.02 6,416.02
Deferred income tax assets 29,584,781.07 29,584,781.07
Total non-current assets 781,344,909.08 781,344,909.08
Total assets 4,576,810,168.61 4,576,810,168.61
Current liabilities:
Short-term loans 20,000,000.00 20,000,000.00
Accounts payable 176,663,766.15 176,663,766.15
Advance from customers 64,999.97 64,999.97
Contract liabilities 1,414,586,745.15 1,414,586,745.15
Employee benefits payable 52,359,540.74 52,359,540.74
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
Taxes payable 31,686,005.73 31,686,005.73
Other payables 1,618,618.55 1,618,618.55
Non-current liabilities due within one year 14,364,107.49 14,364,107.49
Other current liabilities 108,007,436.68 108,007,436.68
Total current liabilities 1,819,351,220.46 1,819,351,220.46
Non-current liabilities：
Long term loans 15,000,000.00 15,000,000.00
Lease liabilities 168,966.21 168,966.21
Long-term payables 6,168,966.21 6,000,000.00 -168,966.21
Deferred income 12,464,554.00 12,464,554.00
Deferred income tax liabilities 8,298,154.76 8,298,154.76
Total non-current liabilities 41,931,674.97 41,931,674.97
Total Liabilities 1,861,282,895.43 1,861,282,895.43
Shareholders ' equity:
Share capital 1,022,550,000.00 1,022,550,000.00
Capital reserve 154,755,282.47 154,755,282.47
Other comprehensive income 7,113,828.84 7,113,828.84
Special reserve 22,797,522.14 22,797,522.14
Surplus reserve 209,534,453.40 209,534,453.40
Retained earnings 1,151,999,326.68 1,151,999,326.68
Total equity attributable to shareholders of parent
2,568,750,413.53 2,568,750,413.53
company
Minority shareholder equity 146,776,859.65 146,776,859.65
Total shareholders' equity 2,715,527,273.18 2,715,527,273.18
Total liabilities and shareholders' equity 4,576,810,168.61 4,576,810,168.61
Adjustments description: The Ministry of Finance of the People's Republic of China issued "Accounting
Standards for Business Enterprises No. 21-Leases" (Accounting [2018] No. 35) on Dec 7, 2018. The
Company implemented the New Lease Standards mentioned above from Jan 1, 2021. According to the
connecting regulations, based on the cumulative impact of the first implementation of the standards, the
companies that implement the standard for the first time should adjust retained earnings and other relevant
items in the financial statements at the beginning of the year when the standard is first implemented, and no
adjustments to the comparable period.
Balance Sheet of Parent Company
Unit: RMB Yuan
Item Dec 31, 2020 Jan 1, 2021 Adjustments
Current assets:
Cash and cash equivalent 20,668,974.65 20,668,974.65
Financial assets held for trading 864,752,467.80 864,752,467.80
Notes receivable 400,328,817.95 400,328,817.95
Accounts receivable 618,994,281.14 618,994,281.14
Advance payment 36,079,366.62 36,079,366.62
Other receivables 8,618,285.70 8,618,285.70
Inventories 1,259,018,020.07 1,259,018,020.07
Other current assets 3,871,403.23 3,871,403.23
Total current assets 3,212,331,617.16 3,212,331,617.16
Non-current assets:
Long-term equity investment 457,974,650.83 457,974,650.83
Investment in other equity instruments 17,000,000.00 17,000,000.00
Fixed assets 168,164,460.66 168,164,460.66
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2021
Construction in progress 4,099,390.68 4,099,390.68
Intangible assets 36,808,912.03 36,808,912.03
Long-term deferred expenses 6,416.02 6,416.02
Deferred income tax asset 24,074,930.72 24,074,930.72
Total non-current assets 708,128,760.94 708,128,760.94
Total assets 3,920,460,378.10 3,920,460,378.10
Current liabilities:
Accounts payable 173,103,981.93 173,103,981.93
Contract liabilities 1,063,847,810.82 1,063,847,810.82
Employee benefits payable 41,357,068.35 41,357,068.35
Taxes payable 24,889,780.41 24,889,780.41
Other payables 3,381,907.20 3,381,907.20
Other current liabilities 96,654,652.84 96,654,652.84
Total current liabilities 1,403,235,201.55 1,403,235,201.55
Non-current liabilities:
Long-term payables 6,000,000.00 6,000,000.00
Deferred income 12,464,554.00 12,464,554.00
Deferred income tax liabilities 5,387,156.24 5,387,156.24
Total non-current liabilities 23,851,710.24 23,851,710.24
Total Liabilities 1,427,086,911.79 1,427,086,911.79
Shareholders' equity:
Share capital 1,022,550,000.00 1,022,550,000.00
Capital reserve 154,745,576.65 154,745,576.65
Special reserve 19,874,721.13 19,874,721.13
Surplus reserve 209,534,453.40 209,534,453.40
Retained earnings 1,086,668,715.13 1,086,668,715.13
Total shareholders' equity 2,493,373,466.31 2,493,373,466.31
Total liabilities and shareholders' equity 3,920,460,378.10 3,920,460,378.10
Adjustments description: The Ministry of Finance of the People's Republic of China issued "Accounting
Standards for Business Enterprises No. 21-Leases" (Accounting [2018] No. 35) on Dec 7, 2018. The
Company implemented the New Lease Standards mentioned above from Jan 1, 2021. According to the
connecting regulations, based on the cumulative impact of the first implementation of the standards, the
companies that implement the standard for the first time should adjust retained earnings and other relevant
items in the financial statements at the beginning of the year when the standard is first implemented, and no
adjustments to the comparable period.
(2). Explanation of the retrospective adjustment of the previous comparative data of the New Lease
Standard for the first time from 2021
□Applicable √Not applicable
3. Auditor’s report
Whether this Report has been audited by auditing firm or not.
□Yes √No
The Interim Report has not been audited by auditing firm.
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