HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for
The Third Quarter 2021
The Company and whole members of the Board of Directors guarantee that the information disclosed
is factual, accurate and complete, and there is no false record, misleading statement or material
omission.
Important content reminder:
1.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.
2.The person in charge of the Company, the person in charge of accounting work of the Company, and
the person in charge of accounting department of the Company warrant that the financial information
in this Report is factual, accurate and complete.
3. Whether this Third Interim Report has been audited by auditing firm or not?
□Yes √No
I. Main financial data
1. Main accounting data and financial indicators
Indicate by check mark if there is any retrospectively restated accounting data of previous years.
□Yes √No
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
Increase/decrease in the Increase/decrease from
period compared with the year-begin to period-end
Current period Year-begin to period-end
same period of the previous compared with the same period
year of the previous year
Operating Revenue (Yuan) 545,964,086.79 28.64% 1,661,519,194.12 22.44%
Net profit attributable to parent
company’s shareholders 135,146,051.15 30.40% 421,833,630.05 27.83%
(Yuan)
Net profit after deducting
non-recurring
profit or loss attributable to 133,870,923.50 30.96% 403,601,547.60 27.23%
shareholders of the parent
company (Yuan)
Net cash flow from operating
—— —— 305,622,917.96 638.18%
activities (Yuan)
Basic earnings per share
0.1322 30.37% 0.4125 27.83%
(Yuan/share)
Diluted earnings per share
0.1322 30.37% 0.4125 27.83%
(Yuan/share)
Weighted average return on
4.97% 0.65% 15.54% 1.71%
equity
End of the current reporting Increase/decrease at the period-end compared with the end of
End of previous year
period the previous year
Total assets (Yuan) 4,752,186,444.79 4,576,810,168.61 3.83%
Total equity attributable to
shareholders of the parent 2,788,526,827.37 2,568,750,413.53 8.56%
company (Yuan)
2. Non-recurring gains and losses
√ Applicable □Not applicable
Unit:Yuan
Amount from year-begin to
Item Amount for the period Note
period-end
Profit or loss from disposal of non-current assets (including the
-1,700,000.65 -1,934,024.53
write-off of accrued for impairment of assets)
Governmental subsidy reckoned into current gains or losses (excluding
the subsidy enjoyed in quota or ration according to the national policy
1,345,974.56 7,102,505.62
regulations and certain standards , which are closely relevant to
enterprise’s business)
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
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, financial liabilities Income from cash
4,367,720.58 18,257,755.42
held for trading, as well as investment income from the disposal of management
financial assets held for trading, financial liabilities held for trading,
and investments in other debt obligations
Other non-operating income and expenses other than the above -2,320,043.12 -2,320,041.46
Less: Impact on income tax 215,733.58 2,243,850.00
Impact on minority shareholders’ equity (after tax) 202,790.14 630,262.60
Total 1,275,127.65 18,232,082.45 --
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
□ Applicable √ Not applicable
The Company does not have other gain/loss items that qualified the definition of non-recurring profit
(gains)/losses.
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as
recurring gain/loss.
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on
Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss”
defined as recurring gain/loss.
3. Particulars about changes in items of main accounting data and financial index and explanations of
reasons.
√ Applicable □Not applicable
Sep 30,2021 Dec 31,2020
Consolidated Balance Sheet items Change Reasons for the changes
(RMB Yuan) (RMB Yuan)
Due to the increase in ending balance of bank
Cash and cash equivalent 555,117,415.02 114,882,208.58 383.21%
savings.
Due to the decrease in the ending balance of
Financial assets held for trading 569,241,548.95 925,736,671.99 -38.51%
financial assets holding for cash management.
Advance payments 156,009,551.53 49,361,424.98 216.06% Mainly due to the increase of operating
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
prepayments of goods.
Contract assets 80,091,071.68 100.00% Product quality margin.
Recognized right-of-use asset based on The New
Right-of-use assets 563,605.15 100.00%
Lease Accounting Standard.
The rent received in advance for the lease activity
Advance from customers 191,475.98 64,999.97 194.58%
from the subsidiary.
The year-end bonus of 2020 accrued at the end of
Employee benefits payable 21,119,473.59 52,359,540.74 -59.66% the previous period, which was paid in Feb, 2021,
and the balance decreased.
Due to the increase in income tax and turnover tax
Taxes payable 64,380,621.88 31,686,005.73 103.18%
accrued at the end of this period.
Due to the change in performance bond from
Other payables 1,084,485.01 1,618,618.55 -33.00%
suppliers.
Due to the transfer from long term bank loan due
Non-current liabilities due within one year 22,168,048.60 14,364,107.49 54.33%
within one year.
Due to the transfer from long term bank loan due
Long-term loans 15,000,000.00 -100.00%
within one year to current liabilities.
Estimated liabilities 3,309,029.88 100.00% Provision for after-sales service charge.
Consolidated Income Statement items from Jan 1 to Sep 30, 2021 Jan 1 to Sep 30, 2020
the beginning of the year to the end of the Change Reasons for the changes
(RMB Yuan) (RMB Yuan)
reporting period
The increase of operating revenue drives the
increase of cost of sales, and the increase level of
Cost of sales 1,005,251,556.44 761,730,250.73 31.97%
cost of sales is slightly higher than that of
operating revenue.
Affected by the pandemic, the expenses of base
Selling expenses 59,626,869.86 42,902,560.37 38.98%
period are low.
Mainly due to the increase in interest received
Financial expenses -1,521,198.90 2,170,230.57 -170.09%
from the bank in the current period.
The investment income on equity method from
Investment income (loss is stated with “-”) 24,903,387.39 19,091,512.26 30.44% associates and joint ventures increased
year-on-year.
Gains from changes in fair value (loss is Mainly due to the impact on cash management
-2,435,123.04 -1,695,494.03 -43.62%
stated with “-”) activities.
Credit impairment losses (loss is stated The provision for bad debts in the current period
2,324,765.40 -13,832,495.68 -116.81%
with “-”) decreased.
Gains from disposal of assets (loss is stated The loss caused by the disposal of fixed assets in
-1,759,248.12 -287,063.70 -512.84%
with “-”) the current period increased.
Minority interests 21,774,070.89 56,771,058.77 -61.65% The net profit of the holding subsidiary decreased
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
year on year, and the proportion of interests
shared by the minority shareholders of the
subsidiary decreased.
Consolidated Cash Flow Statement items Jan 1 to Sep 30, 2021 Jan 1 to Sep 30, 2020
from the beginning of the year to the end of Change Reasons for the changes
(RMB Yuan) (RMB Yuan)
the reporting period
The cash flows from same period of last year
Net cash flows from operating activities 305,622,917.96 41,402,369.91 638.18% were affected by the pandemic, and that of the
current period has returned to normal levels.
Mainly due to the impact of cash management
Net cash flows from investing activities 361,772,969.79 131,970,701.12 174.13%
activities.
Due to the increase of cash dividends distributed
Net cash flows from financing activities -223,281,375.29 -187,810,952.63 -18.89%
in the current period.
II. Shareholders Information
1. Total number of common shareholders and preference shareholders with voting rights recovered
and top ten common shareholders
Unit: Share
Total preference shareholders with
Total number of shareholders of common
23,649 voting rights recovered at end of 0
stocks at the end of the reporting period
reporting period
Top 10 shareholders
Amount of Pledged or frozen
Name Nature Ownership Amount of shares held restricted stocks
shares held Status Amount
Unicom Kaixing Equity Investment
Management (Zhuhai Hengqin) Limited -
Lianchuang Weilai (Wuhan) Intelligent Others 17.11% 175,007,500
Manufacturing Industrial Investment
Partnership (Limited Partnership)
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 4,770,000
Wang Chungang Domestic natural person 5.61% 57,394,047 43,045,535
Harbin Institute of Technology Asset Domestic state-owned
5.00% 51,127,500
Investment Management Co. Ltd corporate
Cai Zhihong Domestic natural person 4.96% 50,677,029
Cai Hegao Domestic natural person 4.89% 50,000,000 50,000,000
Sealand Securities - SPDB - Guohai Securities
Others 2.00% 20,450,000
Lvyuan No. 1058 Collective Asset
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
Management P lan
Tan Jianxun Domestic natural person 1.51% 15,432,533
Cheng Fang Domestic natural person 1.50% 15,310,338
Top 10 shareholders with unrestricted shares held
Type of shares
Name Amount of unrestricted shares held
Type Amount
Unicom Kaixing Equity Investment
Management (Zhuhai Hengqin) Limited -
Lianchuang Weilai (Wuhan) Intelligent 175,007,500 RMB ordinary shares 175,007,500
Manufacturing Industrial Investment
Partnership (Limited Partnership)
Harbin Institute of Technology Asset
51,127,500 RMB ordinary shares 51,127,500
Investment Management Co. Ltd
Cai Zhihong 50,677,029 RMB ordinary shares 50,677,029
Deng Xijun 23,801,590 RMB ordinary shares 23,801,590
Zhang Yuchun 20,674,089 RMB ordinary shares 20,674,089
Sealand Securities - SPDB - Guohai Securities
Lvyuan No. 1058 Collective Asset 20,450,000 RMB ordinary shares 20,450,000
Management P lan
Tan Jianxun 15,432,533 RMB ordinary shares 15,432,533
Cheng Fang 15,310,338 RMB ordinary shares 15,310,338
Hong Kong Securities Clearing Company Ltd.
14,913,690 RMB ordinary shares 14,913,690
(HKSCC)
Bank of China Co., Ltd.-China Merchant
14,463,320 RMB ordinary shares 14,463,320
Ruiwen Hybrid Securities Investment Fund
Deng Xijun, Zhang Yuchun, Wang Chungang, and Cai Hegao keep concerted action through the
Concerted 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
Explanation on the above-mentioned wishes, he has not signed concerted action agreement or reached a similar agreement or arrangement with
shareholders’ affiliated relationship or Cai Hegao, nor has other concerted action plan, they are not persons acting in concert; Cheng Fang and
concerted action Tan Jianxun are the sponsors of shareholders. Cheng Fang is the sister of Wang Chungang 's wife. 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 top 10 shareholders that are
Not applicable
engaged in margin trading business
2.The total number of preferred shareholders and the top 10 preferred shareholders' shareholdings of
the Company
□Applicable √Not applicable
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
III. Other Significant Events
□Applicable √Not applicable
IV. Quarterly Financial Statements
1. Financial statements
(1)Consolidated Balance Sheet
Prepared by HARBIN BOSHI AUTOMATION CO., LTD. Unit: Yuan
Item Sep 30 ,2021 Dec 31, 2020
Current assets:
Cash and cash equivalent 555,117,415.02 114,882,208.58
Financial assets held for trading 569,241,548.95 925,736,671.99
Derivative financial assets
Notes receivable 333,557,115.41 451,042,158.41
Accounts receivable 727,531,640.36 697,718,969.34
Financing receivable
Advance payment 156,009,551.53 49,361,424.98
Other receivables 13,753,666.42 12,814,291.13
Thereof: Interest receivable
Dividend receivable
Inventories 1,519,656,775.69 1,510,919,027.41
Contract assets 80,091,071.68
Assets held for sale
Non-current assets due within one year
Other current assets 31,514,606.32 32,990,507.69
Total current assets 3,986,473,391.38 3,795,465,259.53
Non-current assets:
Debt investments
Other debt investments
Long-term receivable
Long-term equity investment 343,211,591.48 344,094,650.83
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
Investment in other equity instruments 42,056,000.00 35,000,000.00
Other non-current financial assets
Investment real estate 6,864,280.48 7,159,198.06
Fixed assets 220,749,517.67 235,572,771.55
Construction in progress 4,692,261.79 4,099,390.68
Productive biological assets
Oil and gas assets
Right-of-use assets 563,605.15
Intangible assets 58,754,842.43 62,601,735.18
Development expenditure
Goodwill 60,028,374.91 63,225,965.69
Long-term deferred expenses 6,416.02
Deferred income tax assets 28,792,579.50 29,584,781.07
Other non-current assets
Total non-current assets 765,713,053.41 781,344,909.08
Total assets 4,752,186,444.79 4,576,810,168.61
Current liabilities:
Short-term loans 22,130,000.00 20,000,000.00
Financial liabilities held for trading
Derivative financial liabilities
Notes payable
Accounts payable 138,348,427.05 176,663,766.15
Advance from customers 191,475.98 64,999.97
Contract liabilities 1,387,004,910.43 1,414,586,745.15
Employee benefits payable 21,119,473.59 52,359,540.74
Taxes payable 64,380,621.88 31,686,005.73
Other payables 1,084,485.01 1,618,618.55
Thereof: Interest payable
Dividend payable
Liabilities held for sale
Non-current liabilities due within one year 22,168,048.60 14,364,107.49
Other current liabilities 115,960,098.31 108,007,436.68
Total current liabilities 1,772,387,540.85 1,819,351,220.46
Non-current liabilities:
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
Long-term loans 15,000,000.00
Bonds payable
Thereof: Preferred stock
Perpetual debt
Lease liabilities 58,182.41
Long-term payables 6,000,000.00 6,168,966.21
Long-term employee benefits payable
Estimated liabilities 3,309,029.88
Deferred income 9,393,531.30 12,464,554.00
Deferred income tax liability 10,493,268.50 8,298,154.76
Other non-current liabilities
Total non-current liabilities 29,254,012.09 41,931,674.97
Total Liabilities 1,801,641,552.94 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 153,268,980.49 154,755,282.47
Minus: treasury shares
Other comprehensive income 8,450,512.30 7,113,828.84
Special reserve 25,399,924.45 22,797,522.14
Surplus reserve 209,534,453.40 209,534,453.40
General risk reserve
Retained earnings 1,369,322,956.73 1,151,999,326.68
Total equity attributable to shareholders of parent
2,788,526,827.37 2,568,750,413.53
company
Minority shareholder equity 162,018,064.48 146,776,859.65
Total shareholders' equity 2,950,544,891.85 2,715,527,273.18
Total liabilities and shareholders' equity 4,752,186,444.79 4,576,810,168.61
Legal representative: Deng Xijun Director of Finance: Sun Zhiqiang Prepared by: Wang Peihua
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
(2)Consolidated Income Statement (from the year-begin to the period-end)
Unit: Yuan
Item Current period Last period
1. Total revenue 1,661,519,194.12 1,357,054,385.31
Thereof : Operating revenue 1,661,519,194.12 1,357,054,385.31
2. Total cost 1,204,982,098.68 930,753,140.13
Thereof: Cost of sales 1,005,251,556.44 761,730,250.73
Taxes and surcharges 12,732,695.51 12,095,168.29
Selling expenses 59,626,869.86 42,902,560.37
General and administrative expenses 77,384,495.97 65,714,133.21
Research and development expenses 51,507,679.80 46,140,796.96
Financial expenses -1,521,198.90 2,170,230.57
Thereof : Interest expenses 1,143,467.93 1,479,835.06
Interest income 2,818,266.92 411,772.49
Add: Other income 43,804,215.60 35,225,573.66
Investment income (loss is stated with “-”) 24,903,387.39 19,091,512.26
Thereof: Investment income from associates and joint
4,210,508.93 748,676.25
ventures
Gain from the derecognition of the financial assets measured
at amortized cost
Exchange income (Loss is listed with “-”)
Gains from changes in fair value (loss is stated with “-”) -2,435,123.04 -1,695,494.03
Credit impairment losses (loss is stated with “-”) 2,324,765.40 -13,832,495.68
Asset impairment losses (loss is stated with “-”) -2,680,549.74 -2,608,501.13
Gains from disposal of assets (loss is stated with “-”) -1,759,248.12 -287,063.70
3. Operating profit (loss is stated with “-”) 520,694,542.93 462,194,776.56
Add: Non-operating income 1.66 37,944.09
Less: Non-operating expenses 2,494,819.53 2,571,048.93
4. Total profit (loss is stated with “-”) 518,199,725.06 459,661,671.72
Less: Income tax expenses 74,592,024.12 72,895,068.53
5. Net profit (loss is stated with “-”) 443,607,700.94 386,766,603.19
(1) Classified by continuity of operations
Net profit from continuing operations(loss is stated with “-”) 443,607,700.94 386,766,603.19
Net profit from discontinued operations(loss is stated with “-”)
(2) Classified by ownership of the equity
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
Attributable to shareholders of the Parent Company 421,833,630.05 329,995,544.42
Minority interests 21,774,070.89 56,771,058.77
6. Other comprehensive income, net of tax -2,463,522.62 1,954,989.53
Other comprehensive income attributable to shareholders of the
1,336,683.46 997,044.67
Parent Company, net of tax
(1) Other comprehensive income items which will not be
5,292,000.00
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
5,292,000.00
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
-3,955,316.54 997,044.67
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
-3,955,316.54 997,044.67
foreign currency financial statements
7)Others
Other comprehensive income attributable to minority shareholders,
-3,800,206.08 957,944.86
net of tax
7. Total comprehensive income 441,144,178.32 388,721,592.72
Attributable to shareholders of the Parent Company 423,170,313.51 330,992,589.09
Minority interests 17,973,864.81 57,729,003.63
8. Earnings per share
(1) Basic earnings per share 0.4125 0.3227
(2) Diluted earnings per share 0.4125 0.3227
Legal representative: Deng Xijun Director of Finance: Sun Zhiqiang Prepared by: Wang Peihua
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
(3)Consolidated Cash Flow Statement (from the year-begin to the period-end)
Unit: Yuan
Item Current period Last period
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services 1,577,357,927.97 1,021,011,092.04
Refund of taxes and surcharges 45,559,498.71 33,624,891.22
Other cash receipts relating to operating activities 10,575,863.14 13,864,035.90
Sub-total of cash inflows from operating activities 1,633,493,289.82 1,068,500,019.16
Cash paid for goods and services 813,436,252.38 595,613,404.33
Cash paid to employees and paid on behalf of employees 288,936,672.13 210,656,785.77
Payments of taxes and surcharges 138,723,542.05 141,659,422.82
Other cash payments relating to operating activities 86,773,905.30 79,168,036.33
Sub-total of cash outflows from operating activities 1,327,870,371.86 1,027,097,649.25
Net cash flows from operating activities 305,622,917.96 41,402,369.91
2. Cash flows from investing activities
Cash received from withdrawing investments 2,568,200,000.00 2,066,334,379.92
Cash received from investment income 20,692,878.46 18,905,109.04
Net cash received from disposal of fixed assets, intangible assets and
1,135,231.14 333,333.51
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 2,590,028,109.60 2,085,572,822.47
Cash paid to acquire fixed assets, intangible assets and other
13,088,120.24 22,952,388.18
long-term assets
Cash paid to acquire investments 2,214,140,000.00 1,930,140,000.00
Net increase of mortgaged loans
Net cash paid to acquire subsidiaries and other operating units 1,027,019.57
Other cash payments relating to investing activities 509,733.17
Sub-total of cash outflows from investing activities 2,228,255,139.81 1,953,602,121.35
Net cash flows from investing activities 361,772,969.79 131,970,701.12
3. Cash flows from financing activities
Cash received from capital contributions
Thereof: Cash received by subsidiaries from minority shareholders’
capital contributions
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
Cash received from borrowings 15,000,000.00 15,000,000.00
Other cash receipts from financing activities
Sub-total of cash inflows from financing activities 15,000,000.00 15,000,000.00
Cash repayments of borrowings 25,310,647.81 16,307,495.49
Distribution of dividends or profits and payments for interest
212,961,736.65 186,491,016.12
expenses
Thereof: Cash payments for dividends or profit to minority
7,350,000.00 1,200,000.00
shareholders by subsidiaries
Other cash payments relating to financing activities 8,990.83 12,441.02
Sub-total of cash outflows from financing activities 238,281,375.29 202,810,952.63
Net cash flows from financing activities -223,281,375.29 -187,810,952.63
4. Effect of foreign exchange rate changes on cash and cash equivalents -3,076,526.80 991,249.86
5. Net increase in cash and cash equivalents 441,037,985.66 -13,446,631.74
Add: Cash and cash equivalents at the beginning of period 113,464,591.58 143,233,966.52
6. Cash and cash equivalents at the end of period 554,502,577.24 129,787,334.78
2. Auditor’s report
Whether this Third Interim Report has been audited by auditing firm or not?
□Yes √No
The Third Interim Report has not been audited by auditing firm.
Board of Directors
HARBIN BOSHI AUTOMATION CO., LTD.
October 30th, 2021
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