HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2022
HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for
The Third 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 Third Interim Report has been audited by auditing firm or not?
□Yes √No
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2022
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
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 (RMB) 698,826,750.82 28.00% 1,726,933,928.75 3.94%
Net profit attributable to parent
company’s shareholders 163,254,718.26 20.80% 427,635,504.26 1.38%
(RMB)
Net profit after deducting
non-recurring
profit or loss attributable to 157,612,508.17 17.73% 404,817,525.21 0.30%
shareholders of the parent
company (RMB)
Net cash flow from operating
—— —— 237,352,418.49 -22.34%
activities (RMB)
Basic earnings per share
0.1597 20.80% 0.4182 1.38%
(RMB /share)
Diluted earnings per share
0.1597 20.80% 0.4182 1.38%
(RMB /share)
Weighted average return on
5.42% 0.45% 14.06% -1.48%
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 (RMB) 5,979,700,039.65 4,901,945,419.82 21.99%
Total equity attributable to
shareholders of the parent 3,140,195,710.44 2,879,793,106.39 9.04%
company (RMB)
In the first three quarters of 2022, the Company achieved the operating revenue of RMB 1.727 billion, and
net profit attributable to parent company’s shareholders of RMB 428 million. The negative impacts caused
by staged silent period and strict epidemic control measures in the first half of the year are completely
eliminated, and the Company achieved a recovery growth year-on-year.
From the third quarter of 2022 reporting period single quarterly indicators, the Company achieved best
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2022
performance in history with the operating revenue of RMB 699 million, net profit attributable to parent
company’s shareholders of RMB 163 million, year-on-year growth of 28% and 20.8% respectively, rapid
growth of 33.41% and 46.79% compared with 2022 Q2 respectively.
Facing the current complicated international geopolitical and economic situation, as well as the opportunities
and challenges brought by the dual-circulating domestic economic, the Company has made concerted efforts
to achieve the sustainable and healthy development of intelligent manufacturing equipment, industrial
services, energy conservation, emission reduction and environmental protection business.
2. Non-recurring gains and losses
√ Applicable □Not applicable
Unit: RMB
Amount from year-begin to
Item Amount for the period Note
period-end
Profit or loss from disposal of non-current assets (including the
-102,796.76 -192,123.85
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
4,983,794.00 14,115,435.76
regulations and certain standards, which are 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, financial liabilities Income from cash
4,055,275.83 14,904,638.25
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
Reversal of provision for impairment of receivables that have been
4,500.01
individually tested for impairment
Other non-operating income and expenses other than the above -1,894,486.41 -1,929,488.54
Other gain/loss items that qualified the definition of non-recurring
23,690.41 57,270.30
profit (gains)/losses
Less: Impact on income tax 1,025,984.28 3,597,301.51
Impact on minority shareholders’ equity (after tax) 397,282.70 544,951.37
Total 5,642,210.09 22,817,979.05 --
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
√Applicable □Not applicable
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2022
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses: Income from
treasury reverse repos (cash management).
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 30,2022 Dec 31,2021
Consolidated Balance Sheet items Change Reasons for the changes
(RMB) (RMB)
Due to the joint effect of funds raised by
Cash and cash equivalent 917,149,811.15 293,516,532.24 212.47% convertible corporate bonds and increase in
ending balance of bank deposits.
Mainly due to the impact on cash management
Financial assets held for trading 590,442,973.83 845,595,470.49 -30.17%
activities.
The amount of the Company’s sales receipts
Notes receivable 323,328,659.71 229,646,179.07 40.79%
settled by means of bills increased.
Affected by the joint effect of operating revenue
Accounts receivable 911,932,679.45 686,517,240.24 32.83% growth and the settlement progress of individual
projects.
Due to growth in orders and operational
Advance payment 192,439,803.31 122,894,199.23 56.59%
prepayment.
Increase in bid bond and performance bond of the
Other receivables 25,836,557.08 15,263,337.81 69.27% Company, as well as dividends receivable from
invested enterprises.
Due to the increase in product warranty compared
Contract assets 126,938,252.65 65,959,231.77 92.45%
with which of the beginning balance.
Mainly due to the impact on cash management
Other current assets 181,522,145.48 102,006,478.67 77.95%
activities.
Construction in progress 12,022,916.05 100.00% Capital construction investment.
Right-of-use assets 2,857,615.35 1,536,107.89 86.03% Due to the increase in factory lease of subsidiary
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2022
during this period.
Due to the decrease in long-term product warranty
Other non-current assets 7,521,234.48 16,767,197.42 -55.14%
receivable under this reporting item.
Transfer from discounted bank acceptance is not
Short-term loans 33,830,000.00 25,130,000.00 34.62%
terminated for confirmation.
The year-end bonus of 2021 accrued at the end of
Employee benefits payable 24,385,334.55 55,640,882.93 -56.17% the previous period, which was paid in Jan, 2022,
and the balance decreased.
Due to the increase in income tax and turnover tax
Taxes payable 71,974,990.62 50,017,507.87 43.90%
accrued at the end of this period.
Mainly due to the construction bid bond paid by
Other payables 6,639,777.52 1,310,296.34 406.74% the construction side and the outstanding
payables.
Due to the subsidiary Boao Environment pay back
Non-current liabilities due within one year 1,907,949.58 15,584,251.66 -87.76%
the bank loan.
Due to the issuance of convertible corporate
Bonds payable 411,716,965.47 100.00%
bonds during this period.
Due to special payables of projects transferred to
Long-term payables 6,000,000.00 -100.00%
other income.
Due to government subsidies transferred to other
Deferred income 5,736,334.30 8,369,857.05 -31.46%
income.
The confirmation of equity part of convertible
Other equity instruments 32,103,507.97 100.00%
corporate bonds during this period.
The joint venture increases the capital reserve due
to the premium contribution of other shareholders,
Capital reserve 224,174,669.75 168,298,491.29 33.20%
and the Company recognizes the capital reserve
according to the shareholding ratio.
Consolidated Income Statement items from Jan 1 to Sep 30,2022 Jan 1 to Sep 30, 2021
the beginning of the year to the end of the Change Reasons for the changes
reporting period (RMB) (RMB)
Research and development expenses 71,501,574.87 51,507,679.80 38.82% Increases in R&D investment
Due to the increase in interest income of bank
Financial expenses -7,885,743.35 -1,521,198.90 -418.39%
deposits during this period.
Investment income (loss is stated with “-”) 17,164,499.25 24,903,387.39 -31.08% Due to the impact on cash management activities.
Asset impairment losses (loss is stated with Due to the impact on the provision for inventories
-7,020,613.46 -2,680,549.74 161.91%
“-”) accrued.
Credit impairment losses (loss is stated Due to the impact on the provision for bad debts
-4,691,571.35 2,324,765.40 301.81%
with “-”) accrued.
Gains from changes in fair value (loss is 1,727,503.34 -2,435,123.04 170.94% Due to the impact on cash management activities.
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2022
stated with “-”)
Gains from disposal of assets (loss is stated More losses in the disposal of fixed assets during
-124,736.92 -1,759,248.12 92.91%
with “-”) base period.
The net profit of the holding subsidiary decreased
year-on-year, and the proportion of interests
Minority interests 11,620,450.35 21,774,070.89 -46.63%
shared by the minority shareholders of the
subsidiary decreased.
Consolidated Cash Flow Statement items Jan 1 to Sep 30,2022 Jan 1 to Sep 30, 2021
from the beginning of the year to the end of Change Reasons for the changes
the reporting period (RMB) (RMB)
The cash outflows from cash paid to employees
Net cash flows from operating activities 237,352,418.49 305,622,917.96 -22.34%
and tax payments increased year-on-year.
Mainly due to the impact on cash management
Net cash flows from investing activities 205,055,247.99 361,772,969.79 -43.32%
activities.
Due to funds raised by convertible corporate
Net cash flows from financing activities 179,170,076.14 -223,281,375.29 180.24%
bonds.
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
18,182 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 9.41% 96,181,562 72,136,172
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
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2022
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 2.52% 25,803,585
Ruiwen Hybrid Securities Investment Fund
Tan Jianxun Domestic natural person 1.45% 14,847,133
Cheng Fang Domestic natural person 1.43% 14,609,308
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
25,803,585 RMB ordinary shares 25,803,585
Ruiwen Hybrid Securities Investment Fund
Deng Xijun 24,045,390 RMB ordinary shares 24,045,390
Zhang Yuchun 20,674,089 RMB ordinary shares 20,674,089
Tan Jianxun 14,847,133 RMB ordinary shares 14,847,133
Cheng Fang 14,609,308 RMB ordinary shares 14,609,308
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
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 2022
III. Other Significant Events
√Applicable □Not applicable
Regarding the Company proposes to issue public convertible corporate bonds:
The Company held the fourteenth meeting of the fourth Board of Directors and the eleventh meeting of the
fourth Board of Supervisors on April 13th, 2022, as well as the 2021 Annual General Meeting on May 6th,
2022. The meeting above reviewed and approved Proposal on the Company’s Public Offering of Convertible
Corporate Bonds. The total amount of funds raised by the proposed public issuance of convertible corporate
bonds shall not exceed RMB 450 million.
On September 8th, 2022, the Company obtained the Approval on Harbin Boshi Automation Co., Ltd. Public
Offering of Convertible Corporate Bonds (CSRC Permission [2022] No.2035) issued by China Securities
Regulatory Commission. The public issuance of convertible corporate bonds completed in September 2022.
The funds raised by convertible corporate bonds received on September 28th, 2022. The Company will
complete the listing of convertible corporate bonds issued in Shenzhen Stock Exchange as soon as possible.
The specific listing time will be announced until further notice.
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2022
IV. Quarterly Financial Statements
1. Financial statements
(1)Consolidated Balance Sheet
Prepared by HARBIN BOSHI AUTOMATION CO., LTD.
Sep 30, 2022 Unit: RMB
Item Sep 30,2022 Jan 1, 2022
Current assets:
Cash and cash equivalent 917,149,811.15 293,516,532.24
Financial assets held for trading 590,442,973.83 845,595,470.49
Derivative financial assets
Notes receivable 323,328,659.71 229,646,179.07
Accounts receivable 911,932,679.45 686,517,240.24
Financing receivable 80,108,774.99 79,149,044.16
Advance payment 192,439,803.31 122,894,199.23
Other receivables 25,836,557.08 15,263,337.81
Thereof: Interest receivable
Dividend receivable 2,601,281.28
Inventories 1,779,356,705.03 1,634,635,126.78
Contract assets 126,938,252.65 65,959,231.77
Assets held for sale
Non-current assets due within one year
Other current assets 181,522,145.48 102,006,478.67
Total current assets 5,129,056,362.68 4,075,182,840.46
Non-current assets:
Debt investments
Other debt investments
Long-term receivable
Long-term equity investment 396,554,575.92 368,931,927.57
Investment in other equity instruments 54,843,027.56 54,843,027.56
Other non-current financial assets
Investment real estate 6,471,345.22 6,765,974.62
Fixed assets 212,890,171.40 227,527,890.89
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2022
Construction in progress 12,022,916.05
Productive biological assets
Oil and gas assets
Right-of-use assets 2,857,615.35 1,536,107.89
Intangible assets 63,390,603.16 59,203,985.82
Development expenditure
Goodwill 55,836,188.14 57,640,668.16
Long-term deferred expenses
Deferred income tax assets 38,255,999.69 33,545,799.43
Other non-current assets 7,521,234.48 16,767,197.42
Total non-current assets 850,643,676.97 826,762,579.36
Total assets 5,979,700,039.65 4,901,945,419.82
Current liabilities:
Short-term loans 33,830,000.00 25,130,000.00
Financial liabilities held for trading
Derivative financial liabilities
Notes payable
Accounts payable 211,036,008.87 169,654,369.55
Advance from customers 193,500.00 93,199.97
Contract liabilities 1,495,758,953.78 1,183,763,174.21
Employee benefits payable 24,385,334.55 55,640,882.93
Taxes payable 71,974,990.62 50,017,507.87
Other payables 6,639,777.52 1,310,296.34
Thereof: Interest payable 33,287.67
Dividend payable
Liabilities held for sale
Non-current liabilities due within one year 1,907,949.58 15,584,251.66
Other current liabilities 106,810,175.11 87,335,615.64
Total current liabilities 1,952,536,690.03 1,588,529,298.17
Non-current liabilities:
Long-term loans
Bonds payable 411,716,965.47
Thereof: Preferred stock
Perpetual debt
Lease liabilities 209,114.67 364,078.19
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2022
Long-term payables 6,000,000.00
Long-term employee benefits payable
Estimated liabilities 4,506,743.15 4,202,180.70
Deferred income 5,736,334.30 8,369,857.05
Deferred income tax liability 13,422,488.16 13,350,055.20
Other non-current liabilities 272,941,371.72 233,253,274.34
Total non-current liabilities 708,533,017.47 265,539,445.48
Total Liabilities 2,661,069,707.50 1,854,068,743.65
Shareholders' equity:
Share capital 1,022,550,000.00 1,022,550,000.00
Other equity instruments 32,103,507.97
Thereof: Preferred stock
Perpetual debt
Capital reserve 224,174,669.75 168,298,491.29
Minus: treasury shares
Other comprehensive income 13,067,558.14 15,452,263.61
Special reserve 28,950,890.52 26,141,271.69
Surplus reserve 255,493,157.09 255,493,157.09
General risk reserve
Retained earnings 1,563,855,926.97 1,391,857,922.71
Total equity attributable to shareholders of parent
3,140,195,710.44 2,879,793,106.39
company
Minority shareholder equity 178,434,621.71 168,083,569.78
Total shareholders' equity 3,318,630,332.15 3,047,876,676.17
Total liabilities and shareholders' equity 5,979,700,039.65 4,901,945,419.82
Legal representative: Deng Xijun Director of Finance: Sun Zhiqiang Prepared by: Wang Peihua
(2)Consolidated Income Statement (from the year-begin to the period-end)
Unit: RMB
Item Current period Last period
1. Total revenue 1,726,933,928.75 1,661,519,194.12
Thereof : Operating revenue 1,726,933,928.75 1,661,519,194.12
2. Total cost 1,270,081,645.10 1,204,982,098.68
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2022
Thereof: Cost of sales 1,048,855,432.04 1,005,251,556.44
Taxes and surcharges 16,128,925.81 12,732,695.51
Selling expenses 59,998,665.66 59,626,869.86
General and administrative expenses 81,482,790.07 77,384,495.97
Research and development expenses 71,501,574.87 51,507,679.80
Financial expenses -7,885,743.35 -1,521,198.90
Thereof : Interest expenses 1,341,481.22 1,143,467.93
Interest income 8,892,090.20 2,818,266.92
Add: Other income 42,101,143.44 43,804,215.60
Investment income (loss is stated with “-”) 17,164,499.25 24,903,387.39
Thereof: Investment income from associates and joint
3,930,094.04 4,210,508.93
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 “-”) 1,727,503.34 -2,435,123.04
Credit impairment losses (loss is stated with “-”) -4,691,571.35 2,324,765.40
Asset impairment losses (loss is stated with “-”) -7,020,613.46 -2,680,549.74
Gains from disposal of assets (loss is stated with “-”) -124,736.92 -1,759,248.12
3. Operating profit (loss is stated with “-”) 506,008,507.95 520,694,542.93
Add: Non-operating income 10,002.70 1.66
Less: Non-operating expenses 2,006,878.17 2,494,819.53
4. Total profit (loss is stated with “-”) 504,011,632.48 518,199,725.06
Less: Income tax expenses 64,755,677.87 74,592,024.12
5. Net profit (loss is stated with “-”) 439,255,954.61 443,607,700.94
(1) Classified by continuity of operations
Net profit from continuing operations(loss is stated with “-”) 439,255,954.61 443,607,700.94
Net profit from discontinued operations(loss is stated with “-”)
(2) Classified by ownership of the equity
Attributable to shareholders of the Parent Company 427,635,504.26 421,833,630.05
Minority interests 11,620,450.35 21,774,070.89
6. Other comprehensive income, net of tax -4,264,112.53 -2,463,522.62
Other comprehensive income attributable to shareholders of the
-2,384,705.47 1,336,683.46
Parent Company, net of tax
(1) Other comprehensive income items which will not be 5,292,000.00
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HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2022
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
-2,384,705.47 -3,955,316.54
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
-2,384,705.47 -3,955,316.54
foreign currency financial statements
7)Others
Other comprehensive income attributable to minority shareholders,
-1,879,407.06 -3,800,206.08
net of tax
7. Total comprehensive income 434,991,842.08 441,144,178.32
Attributable to shareholders of the Parent Company 425,250,798.79 423,170,313.51
Minority interests 9,741,043.29 17,973,864.81
8. Earnings per share
(1) Basic earnings per share 0.4182 0.4125
(2) Diluted earnings per share 0.4182 0.4125
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 2022
(3)Consolidated Cash Flow Statement (from the year-begin to the period-end)
Unit: RMB
Item Current period Last period
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services 1,692,515,714.32 1,577,357,927.97
Refund of taxes and surcharges 36,792,855.10 45,559,498.71
Other cash receipts relating to operating activities 19,721,312.99 10,575,863.14
Sub-total of cash inflows from operating activities 1,749,029,882.41 1,633,493,289.82
Cash paid for goods and services 914,474,850.41 813,436,252.38
Cash paid to employees and paid on behalf of employees 331,300,462.24 288,936,672.13
Payments of taxes and surcharges 181,200,514.91 138,723,542.05
Other cash payments relating to operating activities 84,701,636.36 86,773,905.30
Sub-total of cash outflows from operating activities 1,511,677,463.92 1,327,870,371.86
Net cash flows from operating activities 237,352,418.49 305,622,917.96
2. Cash flows from investing activities
Cash received from withdrawing investments 1,905,561,417.02 2,568,200,000.00
Cash received from investment income 27,498,794.20 20,692,878.46
Net cash received from disposal of fixed assets, intangible assets and
106,240.67 1,135,231.14
other long term assets
Net cash received from disposal of subsidiaries and other operating
units
Other cash receipts relating to investing activities 2,812,977.50
Sub-total of cash inflows from investing activities 1,935,979,429.39 2,590,028,109.60
Cash paid to acquire fixed assets, intangible assets and other
27,164,181.40 13,088,120.24
long-term assets
Cash paid to acquire investments 1,703,760,000.00 2,214,140,000.00
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
Sub-total of cash outflows from investing activities 1,730,924,181.40 2,228,255,139.81
Net cash flows from investing activities 205,055,247.99 361,772,969.79
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 2022
Cash received from borrowings 481,760,000.00 15,000,000.00
Other cash receipts from financing activities
Sub-total of cash inflows from financing activities 481,760,000.00 15,000,000.00
Cash repayments of borrowings 38,060,000.00 25,310,647.81
Distribution of dividends or profits and payments for interest
256,475,456.09 212,961,736.65
expenses
Thereof: Cash payments for dividends or profit to minority
7,350,000.00
shareholders by subsidiaries
Other cash payments relating to financing activities 8,054,467.77 8,990.83
Sub-total of cash outflows from financing activities 302,589,923.86 238,281,375.29
Net cash flows from financing activities 179,170,076.14 -223,281,375.29
4. Effect of foreign exchange rate changes on cash and cash equivalents 2,287,555.38 -3,076,526.80
5. Net increase in cash and cash equivalents 623,865,298.00 441,037,985.66
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 914,195,856.56 554,502,577.24
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 29th, 2022
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