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博实股份:2022年第一季度报告(英文版)2022-04-28  

                                                              HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2022




       HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for

                                      The First Quarter 2022



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 First 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




                                                                                                               1
                                                 HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2022

                                                                                                              Increase/Decrease over the
                                                        Jan 1 to Mar 31, 2022      Jan 1 to Mar 31, 2021
                                                                                                             same period of previous year

Operating Revenue (Yuan)                                        504,286,748.22              546,281,751.47                           -7.69%

Net profit attributable to parent company’s
                                                                153,163,366.86              149,917,543.44                           2.17%
shareholders (Yuan)
Net profit after deducting non-recurring
profit or loss attributable to shareholders of the              146,195,048.97              140,396,126.34                           4.13%
parent company (Yuan)

Net cash flow from operating activities (Yuan)                   55,942,302.81              106,876,043.79                          -47.66%

Basic earnings per share (Yuan/share)                                    0.1498                     0.1466                           2.18%

Diluted earnings per share (Yuan/share)                                  0.1498                     0.1466                           2.18%

Weighted average return on equity                                         5.16%                     5.67%                            -0.51%

                                                                                                             Increase/decrease of Mar 31,
                                                            Mar 31, 2022                 Dec 31, 2021
                                                                                                               2022 over Dec 31, 2021

Total assets (Yuan)                                            5,166,790,485.06           4,901,945,419.82                           5.40%

Total equity attributable to shareholders of the
                                                               3,066,054,181.56           2,879,793,106.39                           6.47%
parent company (Yuan)



2. Non-recurring gains and losses


√ Applicable □Not applicable
                                                                                                                 Unit: RMB Yuan


                                          Item                                               Jan 1 to Mar 31, 2022           Note

Profit or loss from disposal of non-current assets (including the write-off of accrued
                                                                                                             -229.97
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                       1,629,304.14
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
                                                                                                                       Income from cash
held for trading, financial liabilities held for trading, as well as investment income                  6,306,036.02
                                                                                                                       management
from the disposal of 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                                                    1.37

Less: Impact on income tax                                                                               869,255.04

        Impact on minority shareholders’ equity (after tax)                                               97,538.63

Total                                                                                                   6,968,317.89           --

                                                                                                                                            2
                                                     HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2022
          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


                                               Mar 31,2022        Dec 31,2021
    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                        387,365,080.04      293,516,532.24      31.97%
                                                                                                 deposits.

                                                                                                 Due to the increase in product warranty compared
Contract assets                                  96,418,358.77       65,959,231.77      46.18%
                                                                                                 with which of the beginning balance.

                                                                                                 Mainly due to the impact on cash management
Other current assets                             30,303,945.08      102,006,478.67     -70.29%
                                                                                                 activities.

                                                                                                 Due to the decrease in long-term product
Other non-current assets                          8,445,943.95       16,767,197.42     -49.63% warranty compared with which of the beginning
                                                                                                 balance.

                                                                                                 The year-end bonus of 2021 accrued at the end of
Employee benefits payable                        21,271,419.11       55,640,882.93     -61.77% the previous period, which was paid in Jan, 2022,
                                                                                                 and the balance decreased.

                                                                                                 Due to the subsidiary Boao Environment pay back
Non-current liabilities due within one year       2,273,649.58       15,584,251.66     -85.41%
                                                                                                 the bank loan.

Consolidated Income Statement items from Jan 1 to Mar 31,2022 Jan 1 to Mar 31, 2021
 the beginning of the year to the end of the                                          Change                   Reasons for the changes
                                               (RMB Yuan)         (RMB Yuan)
              reporting period


                                                                                                                                         3
                                                      HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2022

                                                                                                      The increase of value-added tax led to surcharges
Taxes and surcharges                               5,493,462.60           3,215,878.17       70.82%
                                                                                                      increase.

                                                                                                      The tax refund received from product with
Other income                                      12,886,757.68          24,924,414.47      -48.30% software decreased compared with which of the
                                                                                                      same period of last year.

                                                                                                      The investment income on equity method from
Investment income (loss is stated with “-”)     25,896,672.03          -3,630,366.42      813.33% associates and joint ventures increased
                                                                                                      year-on-year.

Credit impairment losses (loss is stated                                                              Due to the impact of the provision for bad debts
                                                  11,240,084.91           3,731,390.95     -201.23%
with “-”)                                                                                           accrued.

Asset impairment losses (loss is stated with                                                          Mainly due to the impact of the provision for
                                                  -5,674,134.02            -960,513.98      490.74%
“-”)                                                                                                inventories and contract assets accrued.

                                                                                                      The net profit of the subsidiary Boao
                                                                                                      Environment decreased year-on-year, and the
Minority interests                                  138,461.49            3,751,352.94      -96.31%
                                                                                                      proportion of interests shared by the minority
                                                                                                      shareholders of the subsidiary decreased.

 Consolidated Cash Flow Statement items Jan 1 to Mar 31,2022 Jan 1 to Mar 31, 2021
from the beginning of the year to the end of                                              Change                     Reasons for the changes
                                                (RMB Yuan)            (RMB Yuan)
              the reporting period

                                                                                                      The cash outflows from operating activities, such
Net cash flows from operating activities          55,942,302.81         106,876,043.79      -47.66% as cash paid to employees and tax payments, etc.
                                                                                                      increased year-on-year.

                                                                                                      Mainly due to the impact of cash management
Net cash flows from investing activities          49,076,700.07        -129,866,710.84      137.79%
                                                                                                      activities.

                                                                                                      Due to the subsidiary pay back the bank loan this
Net cash flows from financing activities         -10,871,914.95          -7,838,611.91      -38.70%
                                                                                                      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
                                                                          23,255 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

                                                                                                                                                4
                                                     HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2022

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

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   37,500,000

Bank of China Co., Ltd.-China Merchant
                                            Others                             2.78%                28,379,609
Ruiwen Hybrid Securities Investment Fund

Tan Jianxun                                 Domestic natural person            1.51%                15,432,533

Cheng Fang                                  Domestic natural person            1.50%                15,325,238

                                               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

Bank of China Co., Ltd.-China Merchant
                                                                                         28,379,609 RMB ordinary shares                 28,379,609
Ruiwen Hybrid Securities Investment Fund

Deng Xijun                                                                               23,801,590 RMB ordinary shares                 23,801,590

Zhang Yuchun                                                                             20,674,089 RMB ordinary shares                 20,674,089

Tan Jianxun                                                                              15,432,533 RMB ordinary shares                 15,432,533

Cheng Fang                                                                               15,325,238 RMB ordinary shares                 15,325,238

Wang Chungang                                                                            14,348,512 RMB ordinary shares                 14,348,512

Cai Hegao                                                                                12,500,000 RMB ordinary shares                 12,500,000

                                            Deng Xijun, Zhang Yuchun, Wang Chungang, and Cai Hegao keep concerted action through the
Explanation on the above-mentioned
                                            Concerted Action Agreement and jointly control the Company at the end of the reporting period; Cai
shareholders’ affiliated relationship or
                                            Zhihong is the son of Cai Hegao, he independently exercised shareholder rights based on his personal
concerted action
                                            wishes, he has not signed concerted action agreement or reached a similar agreement or arrangement with

                                                                                                                                       5
                                                      HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2022
                                               Cai Hegao, nor has other concerted action plan, they are not persons acting in concert; Cheng Fang and
                                               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


          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                                   Mar 31 ,2022                            Dec 31, 2021

           Current assets:

           Cash and cash equivalent                                                 387,365,080.04                         293,516,532.24

           Financial assets held for trading                                        876,027,165.53                         845,595,470.49

           Derivative financial assets

           Notes receivable                                                         251,501,040.76                         229,646,179.07

           Accounts receivable                                                      726,259,798.96                         686,517,240.24

           Financing receivable                                                     101,620,437.60                          79,149,044.16

           Advance payment                                                          158,337,898.44                         122,894,199.23

           Other receivables                                                         18,681,775.40                          15,263,337.81

               Thereof: Interest receivable

                         Dividend receivable

           Inventories                                                            1,656,819,142.75                       1,634,635,126.78

           Contract assets                                                           96,418,358.77                          65,959,231.77

                                                                                                                                          6
                                         HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2022

Assets held for sale

Non-current assets due within one year

Other current assets                                                30,303,945.08                    102,006,478.67

Total current assets                                             4,303,334,643.33                   4,075,182,840.46

Non-current assets:

Debt investments

Other debt investments

Long-term receivable

Long-term equity investment                                        413,940,795.28                    368,931,927.57

Investment in other equity instruments                              54,843,027.56                     54,843,027.56

Other non-current financial assets

Investment real estate                                               6,667,764.82                       6,765,974.62

Fixed assets                                                       221,693,770.04                    227,527,890.89

Construction in progress

Productive biological assets

Oil and gas assets

Right-of-use assets                                                  3,752,730.41                       1,536,107.89

Intangible assets                                                   63,899,063.96                     59,203,985.82

Development expenditure

Goodwill                                                            56,583,814.35                     57,640,668.16

Long-term deferred expenses

Deferred income tax assets                                          33,628,931.36                     33,545,799.43

Other non-current assets                                             8,445,943.95                     16,767,197.42

Total non-current assets                                           863,455,841.73                    826,762,579.36

Total assets                                                     5,166,790,485.06                   4,901,945,419.82

Current liabilities:

Short-term loans                                                    30,130,000.00                     25,130,000.00

Financial liabilities held for trading

Derivative financial liabilities

Notes payable

Accounts payable                                                   164,498,036.94                    169,654,369.55

Advance from customers                                                 387,000.00                         93,199.97

Contract liabilities                                             1,328,101,709.77                   1,183,763,174.21

Employee benefits payable                                           21,271,419.11                     55,640,882.93

Taxes payable                                                       63,624,534.80                     50,017,507.87

                                                                                                                   7
                                              HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2022

Other payables                                                            2,310,229.41                       1,310,296.34

    Thereof: Interest payable

                Dividend payable

Liabilities held for sale

Non-current liabilities due within one year                               2,273,649.58                     15,584,251.66

Other current liabilities                                                79,476,846.67                     87,335,615.64

Total current liabilities                                             1,692,073,426.28                   1,588,529,298.17

Non-current liabilities:

Long-term loans

Bonds payable

    Thereof: Preferred stock

                Perpetual debt

Lease liabilities                                                         1,035,810.73                        364,078.19

Long-term payables                                                        6,000,000.00                       6,000,000.00

Long-term employee benefits payable

Estimated liabilities                                                     3,496,008.31                       4,202,180.70

Deferred income                                                           7,346,182.80                       8,369,857.05

Deferred income tax liability                                            13,398,763.74                     13,350,055.20

Other non-current liabilities                                           210,072,280.39                    233,253,274.34

Total non-current liabilities                                           241,349,045.97                    265,539,445.48

Total Liabilities                                                     1,933,422,472.25                   1,854,068,743.65

Shareholders' equity:

Share capital                                                         1,022,550,000.00                   1,022,550,000.00

Other equity instruments

     Thereof: Preferred stock

                 Perpetual debt

Capital reserve                                                         201,548,772.96                    168,298,491.29

Minus: treasury shares

Other comprehensive income                                               14,297,757.67                     15,452,263.61

Special reserve                                                          27,143,204.27                     26,141,271.69

Surplus reserve                                                         255,493,157.09                    255,493,157.09

General risk reserve

Retained earnings                                                     1,545,021,289.57                   1,391,857,922.71

Total equity attributable to shareholders of parent
                                                                      3,066,054,181.56                   2,879,793,106.39
company


                                                                                                                        8
                                                  HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2022

Minority shareholder equity                                                 167,313,831.25                      168,083,569.78

Total shareholders' equity                                                3,233,368,012.81                     3,047,876,676.17

Total liabilities and shareholders' equity                                5,166,790,485.06                     4,901,945,419.82


Legal representative: Deng Xijun                     Director of Finance: Sun Zhiqiang            Prepared by: Wang Peihua


 (2)Consolidated Income Statement
                                                                                                                   Unit: Yuan


                                      Item                                     Current period               Last period

1. Total revenue                                                                    504,286,748.22              546,281,751.47

     Thereof : Operating revenue                                                    504,286,748.22              546,281,751.47

2. Total cost                                                                       374,497,565.09              390,910,713.21

     Thereof: Cost of sales                                                         304,956,236.67              329,073,920.47

                   Taxes and surcharges                                                5,493,462.60                3,215,878.17

                   Selling expenses                                                   18,514,567.31              16,890,482.47

                   General and administrative expenses                                28,743,732.58              24,597,082.34

                   Research and development expenses                                  16,829,101.44              16,321,372.60

                   Financial expenses                                                    -39,535.51                  811,977.16

                   Thereof : Interest expenses                                           391,974.12                  344,479.07

                             Interest income                                           1,545,360.24                   35,314.93

     Add: Other income                                                                12,886,757.68              24,924,414.47

           Investment income (loss is stated with “-”)                              25,896,672.03               -3,630,366.42

           Thereof: Investment income from associates and joint
                                                                                      21,352,331.05               -7,616,168.62
ventures

           Gain from the derecognition of the financial assets measured
at amortized cost

           Exchange income (Loss is listed with “-”)

           Net exposure hedging gains ("-" for losses)

           Gains from changes in fair value (loss is stated with “-”)                1,761,695.04                2,804,313.55

           Credit impairment losses (loss is stated with “-”)                       11,240,084.91                3,731,390.95

           Asset impairment losses (loss is stated with “-”)                        -5,674,134.02                 -960,513.98

           Gains from disposal of assets (loss is stated with “-”)                             72.23               -16,983.16

3. Operating profit (loss is stated with “-”)                                     175,900,331.00              182,223,293.67

     Add: Non-operating income                                                                    1.37

     Less: Non-operating expenses                                                               302.22                    236.75

                                                                                                                               9
                                                 HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2022

4. Total profit (loss is stated with “-”)                                        175,900,030.15            182,223,056.92

       Less: Income tax expenses                                                    22,598,201.80             28,554,160.54

5. Net profit (loss is stated with “-”)                                          153,301,828.35            153,668,896.38

(1) Classified by continuity of operations

       Net profit from continuing operations(loss is stated with “-”)            153,301,828.35            153,668,896.38

       Net profit from discontinued operations(loss is stated with “-”)

(2) Classified by ownership of the equity

       Attributable to shareholders of the Parent Company                          153,163,366.86            149,917,543.44

       Minority interests                                                              138,461.49               3,751,352.94

6. Other comprehensive income, net of tax                                            -2,269,516.24             -4,551,275.98

  Other comprehensive income attributable to shareholders of the
                                                                                     -1,154,505.94             -2,321,150.75
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
                                                                                     -1,154,505.94             -2,321,150.75
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
                                                                                     -1,154,505.94             -2,321,150.75
foreign currency financial statements

              7)Others

  Other comprehensive income attributable to minority shareholders,
                                                                                     -1,115,010.30             -2,230,125.23
net of tax

7. Total comprehensive income                                                      151,032,312.11            149,117,620.40
                                                                                                                          10
                                                  HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2022

        Attributable to shareholders of the Parent Company                          152,008,860.92             147,596,392.69

        Minority interests                                                             -976,548.81               1,521,227.71

8. Earnings per share

        (1) Basic earnings per share                                                        0.1498                        0.1466

        (2) Diluted earnings per share                                                      0.1498                        0.1466


Legal representative: Deng Xijun                      Director of Finance: Sun Zhiqiang        Prepared by: Wang Peihua


(3)Consolidated Cash Flow Statement
                                                                                                                  Unit: Yuan


                                         Item                                     Current period            Last period

1. Cash flows from operating activities

        Cash received from sales of goods or rendering of services                     514,418,145.84          514,143,479.89

        Refund of taxes and surcharges                                                   11,829,089.68          20,795,564.90

        Other cash receipts relating to operating activities                              3,292,892.48           5,390,510.85

Sub-total of cash inflows from operating activities                                    529,540,128.00          540,329,555.64

        Cash paid for goods and services                                               268,538,637.32          258,417,803.82

        Cash paid to employees and paid on behalf of employees                         132,880,681.95          113,207,814.04

        Payments of taxes and surcharges                                                 51,220,106.86          39,657,300.43

        Other cash payments relating to operating activities                             20,958,399.06          22,170,593.56

Sub-total of cash outflows from operating activities                                   473,597,825.19          433,453,511.85

Net cash flows from operating activities                                                 55,942,302.81         106,876,043.79

2. Cash flows from investing activities

        Cash received from withdrawing investments                                     674,630,000.00          685,770,000.00

        Cash received from investment income                                             14,201,242.45           3,985,802.20

        Net cash received from disposal of fixed assets, intangible assets and
                                                                                                   174.23           12,368.08
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                                    688,831,416.68          689,768,170.28

        Cash paid to acquire fixed assets, intangible assets and other
                                                                                          6,454,716.61           7,434,881.12
long-term assets

        Cash paid to acquire investments                                               633,300,000.00          812,200,000.00

        Net increase of mortgaged loans


                                                                                                                              11
                                               HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the First Quarter 2022

     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                                639,754,716.61         819,634,881.12

Net cash flows from investing activities                                             49,076,700.07         -129,866,710.84

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                                                   16,130,000.00            9,000,000.00

     Other cash receipts from financing activities

Sub-total of cash inflows from financing activities                                  16,130,000.00            9,000,000.00

     Cash repayments of borrowings                                                   26,130,000.00            9,000,000.00

     Distribution of dividends or profits and payments for interest
                                                                                        358,457.47            7,834,483.79
expenses

     Thereof: Cash payments for dividends or profit to minority
                                                                                                              7,350,000.00
shareholders by subsidiaries

     Other cash payments relating to financing activities                               513,457.48                4,128.12

Sub-total of cash outflows from financing activities                                 27,001,914.95           16,838,611.91

Net cash flows from financing activities                                             -10,871,914.95          -7,838,611.91

4. Effect of foreign exchange rate changes on cash and cash equivalents                  -53,449.63          -1,801,957.60

5. Net increase in cash and cash equivalents                                         94,093,638.30          -32,631,236.56

     Add: Cash and cash equivalents at the beginning of period                      290,330,558.56         113,464,591.58

6. Cash and cash equivalents at the end of period                                   384,424,196.86          80,833,355.02



2. Auditor’s report


Whether this First Interim Report has been audited by auditing firm or not?


□Yes √No


The First Interim Report has not been audited by auditing firm.

                                                                                       Board of Directors

                                                                           HARBIN BOSHI AUTOMATION CO., LTD.

                                                                                       April 28th, 2022



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