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东旭B:2019年第一季度报告全文(英文版)2019-04-30  

						               Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019




Tunghsu Optoelectronic Technology Co., Ltd.

       The First Quarterly Report 2019




                  April 2019




                                                                                        1
                                             Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019




                                              I. Important Notice


The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr.Wang Lipeng, The Company leader, Ms.Feng Qiuju Chief financial officer and the Mr.Wang Cang, the person
in charge of the accounting department (the person in charge of the accounting )declare: the financial report
carried in this report is authentic and completed




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                                                    Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019



                                        II. Basic information about the company

I.Main financial data and financial index

Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
√Yes □No

Reasons for retrospective restatements:
Business merger under the same control.
                                                                                                                   Changes of this
                                                                                                                     period over
                                                                                Same period of last year
                                                   This period                                                     same period of
                                                                                                                   last year(%)

                                                                         Before adjustment     After adjustment After adjustment

Operating income(RMB)                             3,816,412,812.51      4,665,751,599.66      4,665,570,392.15          -18.20%

Net profit attributable to the shareholders
                                                      431,060,886.41        424,438,428.17        425,984,601.17            1.19%
of the listed company(RMB)

Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of         396,063,134.95        391,162,587.16        395,736,897.36            0.08%
listed company(RMB)

Cash flow generated by business operation,
                                                      638,683,628.95      -1,127,140,487.84 -1,057,540,776.02             160.39%
net(RMB)

Basic earning per share(RMB/Share)                                0.08                  0.07                0.07           14.29%

Diluted gains per share(RMB/Share)                                0.08                  0.07                0.07           14.29%

Weighted average return on equity(%)                           1.32%                1.36%                1.37%           -0.05%

                                                                                                                   Changes of this
                                                                                                                   period-end over
                                                                                    End of last period
                                                End of this period                                                 same period-end
                                                                                                                   of last year(%)

                                                                         Before adjustment     After adjustment After adjustment

Gross assets(RMB)                                72,232,411,541.83 72,576,122,859.60 72,576,122,859.60                   -0.47%

Net assets attributable to the shareholders
                                                   32,952,747,344.61 32,521,130,925.14 32,521,130,925.14                    1.33%
of the listed company(RMB)

Items and amount of non-current gains and losses

√ Applicable □ Not applicable

                                                                                                                               In RMB

                                                                     Amount (Year-beginning to
                                Items                                                                          Notes
                                                                     the end of the report period.)



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                                                     Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


Non-current asset disposal gain/loss(including the write-off part
                                                                                 11,045,143.65
for which assets impairment provision is made)

Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business                  25,906,295.87
and granted under the state’s policies)

Gain/loss on loans obtained by entrusting others                                    246,200.42

Other non-operating income and expenditure beside for the above
                                                                                  2,740,855.07
items

Less: Influenced amount of income tax                                             3,018,604.72

Amount of influence of minority interests(After tax)                            1,922,138.83

Total                                                                            34,997,751.46              --

For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.




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                                                    Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
                                                                                                                        In shares
Total number of common                357,654(includ        Total preference shareholders with    0
shareholders at the period-end        ing 340,582           the voting power recovered at the
                                      shareholders          end of the reporting period(if any)
                                      holding A shares
                                      and 17,072
                                      shareholders
                                      holding B shares)

                                         Shares held by the top 10 shareholders

                                                                                                       Pledging or freezing
                                                                            Amount of tradable
  Shareholder         Properties of           Share                                               Status of
                                                              Quantity          shares with
        name          shareholder       proportion %                                                   the        Quantity
                                                                             Conditional   held
                                                                                                      shares

                   Domestic Non       15.97%                915,064,091     352,006,791           Pledge       799,643,042
Tunghsu Group
                   -State-owned
Co., Ltd.
                   legal person

Shijiazhuang                          5.80%                 332,382,171                           Pledge       153,520,000
                   Domestic Non
Baoshi
                   -State-owned
Electronic
                   legal person
Group Co., Ltd.

Shanghai                              4.58%                 262,626,262     262,626,262           Pledge       80,240,722
 Huimao            Domestic Non
 Enterprise        -State-owned
 Management        legal person
 Co., Ltd.

Minsheng                              1.63%                 93,363,625
Royal Fund
Management
Co., Ltd--Ping
                   Other
An Bank-Daye
TrustZengli 2
single Fund
Trust

Tunghsu                               1.27%                 72,639,296
Optoelectronic
Technology         Other
Co., Ltd.-The
first ESOP



                                                                                                                                5
                                                        Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


Beixin Ruifeng                              1.08%                62,095,032
Fund-China
Merchants Bank
-Daye Trust-
                     Other
Daye
TrustProfit
increase 3
single fund plan

Shenzhen             Domestic        Non    1.07%                61,165,682                              Pledge      55,265,682
Taianer              -State-owned
Information          legal person
Technology
Co., Ltd.

Zhonghai Trust                              0.92%                52,555,280
Co., Ltd. -
Zhonghai Trust
-     Tunghsu       Other
Optoelectronic
ESOP pooled
Fund trust
Kunshan              State-owned legal      0.77%                43,988,269
Development          person
Zone
State-Owned
Investment
Holding       Co.,
Ltd.

Yang Haihui          Domestic Natural       0.55%                31,767,200
                     person

                                    Shares held by the Top 10 Shareholders of Non-restricted shares

                                               Number of the non-restricted                           Share type
          Shareholders’ Names
                                                       shares held                    Share type                   Quantity
                                                       563,057,300               RMB Common                            563,057,300
Tunghsu Group Co., Ltd.
                                                                                 shares

Shijiazhuang Baoshi Electronic                         332,382,171               RMB Common                            332,382,171
Group Co., Ltd.                                                                  shares

Minsheng Royal Fund Management                         93,363,625                                                       93,363,625
                                                                                 RMB Common
Co., Ltd--Ping An Bank-Daye
                                                                                 shares
TrustZengli 2 single Fund Trust

Tunghsu Optoelectronic Technology                      72,639,296                RMB Common                             72,639,296
Co., Ltd.-The first ESOP                                                        shares

Beixin Ruifeng Fund-China                             62,095,032                                                       62,095,032
                                                                                 RMB Common
Merchants Bank-Daye Trust-Daye

                                                                                                                                     6
                                                       Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


TrustProfit increase 3 single fund                                               shares
plan

Shenzhen Taianer Information                          61,165,682                 RMB Common                          61,165,682
Technology Co., Ltd.                                                             shares

Zhonghai Trust Co., Ltd. -                           52,555,280                                                     52,555,280
Zhonghai      Trust - Tunghsu                                                   RMB Common
Optoelectronic ESOP pooled Fund                                                  shares
trust
Kunshan        Development         Zone               43,988,269                                                     43,988,269
                                                                                 RMB Common
State-Owned     Investment       Holding
                                                                                 shares
Co., Ltd.

Yang Haihui                                           31,767,200                 RMB Common                          31,767,200
                                                                                 shares

Hong Kong Securities Clearing                         31,386,235                 RMB Common                          31,386,235
Co., Ltd.                                                                        shares

Explanation on shareholders                Among the top 10 unrestricted tradable shareholders, Shijiazhuang Baoshi Electronics
participating in the margin trading        Group Co., Ltd. and Yang Haihui and Dongxu Group Co., Ltd. among the top 10 share
business                                   holders constitute a concerted relationship.

Participation of top 10 unconditional      Not applicable
common share shareholders in
securities margin trading (if any)

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.

2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period

□ Applicable √Not applicable




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                                                     Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019




                                                        III Significant Events

I. Major changes of main accounting statement items and financial indicators in the reporting period, as
well as reasons for the changes

√ Applicable □ Not applicable

                         This period      Same period of last   Increase/decreas
  Financial index                                                                                  Main reason for change
                          (RMB)           year(RMB)             e(%)

   Prepayments         3,931,402,375.92   5,215,414,219.51         -24.62%         The decrease in the current period was mainly due to
                                                                                   the settlement of prepaid materials and construction
                                                                                   funds.
    Inventories        4,504,747,450.05   3,510,786,666.85          28.31%         The increase in inventory is the concentration of
                                                                                   suppliers in the current period, and the company has
                                                                                   increased inventory in the second quarter.
  Other account        2,881,335,938.76   2,089,603,676.60          37.89%         The increase in the current period was mainly due to
      payable                                                                      the increase in related party funds and interest
                                                                                   payable.

                         This period      Same period of last   Increase/decreas
  Financial index                                                                                  Main reason for change
                          (RMB)           year(RMB)             e(%)

  Administrative       141,671,065.56      108,880,249.34           30.12%         Management salary increases, new intangible assets
     expense                                                                       lead to amortization increase in the current period.
    Other gains        105,585,373.30       22,072,399.68          378.36%         The substantial increase in this period was mainly due
                                                                                   to the receipt of tax returns from the company during
                                                                                   the period.
  Net cash flow        638,683,628.95     -1,057,540,776.02        160.39%         The increase in net traffic of operating activities was
   arising from                                                                    mainly due to the strengthening of management and
operating activities                                                               control of remittances in the current period


II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.

□ Applicable √Not applicable

Progress in the implementation of share repurchase
□ Applicable √ Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
□ Applicable √ Not applicable

III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
□ Applicable √Not applicable


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                                             Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


The company has no commitments completed in period and those without completed till lend of the period from
actual controller, shareholders, related parties, purchaser and companies.

IV.Prediction of Business performance for January- June 2019

Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
 probably or the warning of its material change compared with the corresponding period of the last year and
 explanation of reason.

□ Applicable √ Not applicable

V. Investment in securities

□ Applicable √ Not applicable
No securities investment in period.

VI. Investments in derivatives

□ Applicable √ Not applicable
There is no derivative investment during the report period.

VII. The registration form of acceptance of investigation, communication and interview in the report
period for future reference

□ Applicable √ Not applicable
The Period has no research, communication and written inquiry from the investors in the report period.

VIII. External guarantee get out of line

□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period

IX. Controlling shareholder and its related parties occupying non-business capital of the listed company

□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period




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                                                Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019



                                                IV. Financial Statement



I. Financial statement

1. Consolidated balance sheet

Prepared by:Tunghsu Optoelectronic Technology Co., Ltd.



                                                    March 31,2019
                                                                                                                  In RMB

                     Items                           March 31,2019                          December 31,2018

               Current asset:

Cash and bank balances                                         21,868,775,404.92                        19,807,094,397.16

             Settlement provision

Outgoing call loan

Transactional financial assets

  Financial assets measured at fair value
with variations accounted into current
income account

     Derivative financial assets

Notes receivable & account receivable                          12,875,768,132.42                        14,852,563,398.56

       Including:     Notes receivable                           133,966,295.17                           499,781,503.17

       Account receivable                                      11,759,507,555.40                        14,352,781,895.39

  Prepayments                                                   3,931,402,375.92                         5,215,414,219.51

Insurance receivable

Reinsurance receivable
Provisions     of    Reinsurance    contracts
receivable
       Other account receivable                                 1,365,242,855.34                         1,125,991,020.55

     Including:Interest receivable                                69,727,317.64                            56,811,961.67

              Dividend receivable

     Repurchasing of financial assets

     Inventories                                                4,504,747,450.05                         3,510,786,666.85

     Contract assets

     Assets held for sales                                        119,355,435.58                           119,355,435.58

      Non-current asset due within 1 year


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                                               Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


     Other current asset                                         734,372,232.99                           809,360,778.49

Total of current assets                                       45,399,663,887.22                        45,440,565,916.70

Non-current assets:

Loans and payment on other’s behalf
                                                                           0.00                                     0.00
disbursed

Debt investment

  Available for sale of financial assets                                                                  243,158,605.30

     Other investment on bonds

  Expired investment in possess

  Long-term receivable                                           332,695,486.12                           344,430,815.68

  Long term share equity investment                            2,181,567,415.64                         2,174,347,969.22

Other equity instruments investment                              243,158,605.30

Other non-current financial assets

  Property investment                                            679,225,968.15                           686,993,881.02

     Fixed assets                                             10,431,077,361.39                         9,634,463,323.77

Construction in progress                                       4,300,612,597.38                         5,013,941,980.61

     Production physical assets

     Oil & gas assets

     Use right assets

     Intangible assets                                         1,127,906,489.92                         1,146,949,745.14

  Development expenses                                            44,059,846.91                            37,122,235.94

     Goodwill                                                  2,835,672,586.90                         2,835,672,586.90

  Long-germ expenses to be amortized                              23,820,063.21                            21,884,204.82

  Deferred income tax asset                                      525,019,873.64                           533,094,627.68

  Other non-current asset                                      4,107,931,360.05                         4,463,496,966.82

Total of non-current assets                                   26,832,747,654.61                        27,135,556,942.90

Total of assets                                               72,232,411,541.83                        72,576,122,859.60

Current liabilities

  Short-term loans                                             9,696,203,233.99                         8,361,106,651.33

 Loan from Central Bank

  Borrowing funds

     Transactional financial liabilities

Financial liabilities measured at fair value
with variations accounted into current
income account


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                                            Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


     Derivative financial liabilities

        Notes payable & account payable                     8,250,370,349.89                        10,276,094,132.88

     Advance receipts                                       1,386,317,184.61                         1,402,283,662.37

 Selling of repurchased financial assets

     Deposit taking and interbank deposit

 Entrusted trading of securities

Entrusted selling of securities

 Employees’ wage payable                                     171,810,742.84                           238,146,977.17

 Tax payable                                                  435,516,934.45                           817,173,127.12

        Other account payable                               2,881,335,938.76                         2,089,603,676.60

     Including:Interest payable                              193,564,089.90                           117,554,951.58

             Dividend payable

     Fees and commissions payable

     Reinsurance fee payable

Contract Liabilities

     Liabilities held for sales

  Non-current liability due within 1 year                   3,513,975,684.59                         3,697,392,864.91

Other current liability                                       423,576,078.84                           315,193,128.73

Total of current liability                                 26,759,106,147.97                        27,196,994,221.11

Non-current liabilities:

     Reserve fund for insurance contracts

  Long-term loan                                            2,646,367,000.00                         2,741,589,600.00

 Bond payable                                               5,633,222,143.65                         5,630,818,825.32

  Including:preferred stock

  Sustainable debt

        Lease liability

             Long-term payable                              2,438,463,569.95                         2,644,309,592.95

  Long-term remuneration payable to staff

 Expected liabilities                                          99,517,466.33                            99,765,750.04

     Deferred income                                          652,279,998.28                           676,146,399.31

  Deferred income tax liability                                52,628,771.09                            55,192,983.97

Other non-current liabilities                                 108,000,000.00                           108,000,000.00

Total non-current liabilities                              11,630,478,949.30                        11,955,823,151.59

Total of liability                                         38,389,585,097.27                        39,152,817,372.70



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                                                        Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


Owners’ equity

  Share capital                                                          5,730,250,118.00                        5,730,250,118.00

  Other equity instruments

  Including:preferred stock

  Sustainable debt

 Capital reserves                                                       21,786,851,245.71                       21,786,233,393.78

  Less:Shares in stock                                                       4,422,320.00                           4,422,320.00

Other comprehensive income                                                      -29,175.80                              -29,175.80

     Special reserve                                                        12,552,012.48                           12,614,331.35

  Surplus reserves                                                         245,507,019.95                          245,507,019.95

Common risk provision

Retained profit                                                          5,182,038,444.27                        4,750,977,557.86

Total of owner’s equity belong to the
                                                                        32,952,747,344.61                       32,521,130,925.14
parent company

Minority shareholders’ equity                                             890,079,099.95                          902,174,561.76

Total of owners’ equity                                                33,842,826,444.56                       33,423,305,486.90

Total of liabilities and owners’ equity                                72,232,411,541.83                       72,576,122,859.60


Legal Representative: Wang Lipeng          Person in charge of accounting:Feng Qiuju   Accounting Dept Leader: Wang Cang


2.Parent Company Balance Sheet

                                                                                                                            In RMB

                     Items                                   March 31, 2019                         December 31, 2018

Current asset:

Cash and bank balances                                                  10,173,820,834.85                        9,732,302,654.23

Transactional financial assets

  Financial assets measured at fair value
with variations accounted into current
income account

     Derivative financial assets

  Notes receivable & account receivable                                     92,092,626.78                          176,613,926.23

     Including:Notes receivable                                                                                        50,000.00

                Account receivable                                          92,092,626.78                          176,563,926.23

     Prepayments                                                              2,008,459.20                           2,008,364.11

  Other account receivable                                               7,074,837,367.78                        6,281,675,319.27



                                                                                                                                13
                                           Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


     Including:Interest receivable                           20,906,186.10                             7,521,489.86

          Dividend receivable                                500,000,000.00                           500,000,000.00

     Inventories                                             227,280,898.35                           269,759,580.95

     Contract assets

     Assets held for sales

     Non-current asset due within 1 year

     Other current asset                                         148,973.38                               148,973.38

Total of current assets                                   17,570,189,160.34                        16,462,508,818.17

Non-current assets:

Debt investment

  Available for sale of financial assets                                                              129,500,056.00

     Other investment on bonds

  Expired investment in possess

  Long-term receivable

  Long term share equity investment                       26,737,254,647.31                        26,504,735,200.89

Other equity instruments investment                          129,500,056.00

Other non-current financial assets

  Property investment

  Fixed assets                                               156,864,236.65                           160,867,244.63

        Construction in progress

     Production physical assets

     Oil & gas assets

     Use right assets

     Intangible assets                                         9,252,460.43                             9,339,387.26

  Development expenses

     Goodwill

  Long-germ expenses to be amortized

  Deferred income tax asset                                  119,964,967.85                           119,964,967.85

  Other non-current asset

Total of non-current assets                               27,152,836,368.24                        26,924,406,856.63

Total of assets                                           44,723,025,528.58                        43,386,915,674.80

Current liabilities

     Short-term loans                                      5,208,000,000.00                         4,278,000,000.00

     Transactional financial liabilities



                                                                                                                   14
                                               Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


Financial liabilities measured at fair value
with variations accounted into current
income account

     Derivative financial liabilities

        Notes payable & account payable                            7,630,771.12                            11,500,796.58

  Advance receipts                                                 1,580,498.78                             1,991,498.78

     Contract Liabilities

 Employees’ wage payable                                          4,482,571.86                             4,484,401.86

 Tax payable                                                      16,187,914.80                            17,959,833.09

        Other account payable                                  4,239,098,935.56                         3,656,725,253.66

     Including:Interest payable                                 166,840,023.32                            97,197,464.99

             Dividend payable

     Liabilities held for sales

  Non-current liability due within 1 year                      1,410,500,000.00                         1,533,383,333.28

Other current liability

Total of current liability                                    10,887,480,692.12                         9,504,045,117.25

Non-current liabilities:

  Long-term loan

 Bond payable                                                  5,633,222,143.65                         5,630,818,825.32

  Including:preferred stock

  Sustainable debt

        Lease liability

     Long-term payable

  Long-term remuneration payable to staff

 Expected liabilities

     Deferred income

  Deferred income tax liability

Other non-current liabilities

Total non-current liabilities                                  5,633,222,143.65                         5,630,818,825.32

Total of liability                                            16,520,702,835.77                        15,134,863,942.57

Owners’ equity

  Share capital                                                5,730,250,118.00                         5,730,250,118.00

  Other equity instruments

  Including:preferred stock

  Sustainable debt


                                                                                                                       15
                                                 Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


  Capital reserves                                              21,832,453,907.50                        21,832,453,907.50

  Less:Shares in stock                                              4,422,320.00                             4,422,320.00

Other comprehensive income

     Special reserve

  Surplus reserves                                                 226,517,795.62                           226,517,795.62

     Retained profit                                               417,523,191.69                           467,252,231.11

Total of owners’ equity                                        28,202,322,692.81                        28,252,051,732.23

Total of liabilities and owners’ equity                        44,723,025,528.58                        43,386,915,674.80


3.Consolidated Income statement

                                                                                                                    In RMB

                          Items                            Report period                Same period of the previous year

I. Income from the key business                                     3,816,412,812.51                      4,665,570,392.15

Including:Business income                                          3,816,412,812.51                      4,665,570,392.15

     Interest income

 Insurance fee earned

Fee and commission received

II. Total business cost                                             3,373,648,113.26                      4,167,464,873.10

Including:Business cost                                            2,866,380,893.72                      3,677,219,792.28

      Interest expense

 Fee and commission paid

    Insurance discharge payment

  Net claim amount paid

Net amount of withdrawal of insurance contract
reserve

Insurance policy dividend paid

  Reinsurance expenses

     Business tax and surcharge                                        15,926,112.39                         20,764,364.68

     Sales expense                                                     61,858,043.90                         54,605,649.37

 Administrative expense                                              141,671,065.56                         108,880,249.34

          R & D costs                                                  96,775,197.66                         92,974,038.34

     Financial expenses                                              195,587,354.83                         192,105,024.78

     Including:Interest expense                                     288,031,321.60                         288,950,916.32

     Interest income                                                  -95,626,567.30                        -86,248,410.44



                                                                                                                           16
                                                     Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


                 Asset impairment loss                                     -4,550,554.80                         20,915,754.31

        Credit impairment loss

        Add:Other income                                                105,585,373.30                          22,072,399.68

Investment gain(“-”for loss)                                           18,510,790.49                         23,809,013.93

  Including: investment gains from affiliates                               7,222,622.82                          9,885,561.86

        Gains from currency exchange

     Net exposure hedging income

             Changing income of fair value

        Income on disposal of assets

III. Operational profit(“-”for loss)                                 566,860,863.04                         543,986,932.66

  Add :Non-operational income                                              8,308,090.03                          3,878,016.34

  Less: Non-operating expense                                               5,567,209.46                          1,629,618.28

IV. Total profit(“-”for loss)                                          569,601,743.61                         546,235,330.72

  Less:Income tax expenses                                               118,907,014.42                        114,231,867.77

V. Net profit                                                            450,694,729.19                         432,003,462.95

  (I) Classification by business continuity

1.Net continuing operating profit                                        450,694,729.19                         432,003,462.95

2.Termination of operating net profit

  (II) Classification by ownership

Net profit attributable to the owners of parent
                                                                         431,060,886.41                         425,984,601.17
company

Minority shareholders’ equity                                             19,633,842.78                          6,018,861.78

VI. Net after-tax of other comprehensive income                                                                       6,061.60


Net of profit of other comprehensive income attri                                                                     3,333.88
butable to owners of the parent company.

(I)Other comprehensive income items that will
not be reclassified into gains/losses in the
subsequent accounting period

1.Re-measurement of defined benefit plans of ch
anges in net debt or net assets

2.Other comprehensive income under the equity
method investee can not be reclassified into profi
t or loss.

3. Changes in the fair value of investments in
other equity instruments



                                                                                                                             17
                                                       Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


4. Changes in the fair value of the company’s
credit risks

               5.Other

     (II)
Other comprehensive income that will be reclassi                                                                        3,333.88
fied into profit or loss.


1.Other comprehensive income under the equity
method investee can be reclassified into profit or
loss.

2. Changes in the fair value of investments in
other debt obligations


3.Gains and losses from changes in fair value ava
ilable for sale financial assets

4. Other comprehensive income arising from the
reclassification of financial assets


5.Held-to-maturity investments reclassified to ga
ins and losses of available for sale financial asset
s

6. Allowance for credit impairments in
investments in other debt obligations

7. Reserve for cash flow hedges

8.
Translation differences in currency financial stat                                                                      3,333.88
ements

               9.Other

Net of profit of other comprehensive income attri
                                                                                                                        2,727.72
butable to Minority shareholders’ equity

VII. Total comprehensive income                                            450,694,729.19                         432,009,524.55

Total comprehensive income attributable to the
                                                                           431,060,886.41                         425,987,935.05
owner of the parent company

    Total comprehensive income attributable
                                                                             19,633,842.78                          6,021,589.50
minority shareholders

VIII. Earnings per share

(I)Basic earnings per share                                                         0.08                                  0.07

    (II)Diluted earnings per share                                                    0.08                                  0.07



                                                                                                                               18
                                                       Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0.00, last period the combined party realized RMB0.00.

Legal Representative: Wang Lipeng         Person in charge of accounting:Feng Qiuju        Accounting Dept Leader: Wang Cang


4. Income statement of the Parent Company

                                                                                                                                In RMB

                    Items                                  Report period                         Same period of the previous year

I. Revenue                                                                  58,425,489.32                               50,573,688.01

  Including:Business cost                                                  50,591,128.19                               30,911,502.36

Business tax and surcharge                                                    995,340.65                                  1,031,055.02

     Sales expense

 Administrative expense                                                      6,035,848.15                                 7,022,719.76

     R & D costs                                                              879,302.46                                  5,165,021.73

     Financial expenses                                                     56,873,326.71                              106,787,141.95

        Including:Interest expenses                                    168,844,922.67                                 163,891,082.00

                       Interest income                                     112,217,347.31                               57,157,666.05

                 Asset impairment loss                                            -241.00

        Credit impairment loss

        Add:Other income

        Investment gain(“-”for loss)                                     7,219,446.42                               23,809,013.93

Including: investment gains from
                                                                             7,219,446.42                                 9,885,561.86
affiliates

     Net exposure hedging income

     Changing income of fair value

        Income on disposal of assets

II. Operational profit(“-”for loss)                                    -49,729,769.42                               -76,534,738.88

     Add :Non-operational income                                                 730.00                                        371.41

  Less:Non -operational expenses                                                                                                   0.15

III. Total   profit(“-”for loss)                                         -49,729,039.42                               -76,534,367.62

     Less:Income tax expenses

IV. Net profit                                                             -49,729,039.42                               -76,534,367.62

1.Net continuing operating profit                                          -49,729,039.42                               -76,534,367.62

2.Termination of operating net profit

V. Net after-tax of other comprehensive



                                                                                                                                      19
                                             Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


income

(I)Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period

1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets

2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.

3. Changes in the fair value of
investments in other equity instruments

4. Changes in the fair value of the
company’s credit risks

              5.Other

(II)
Other comprehensive income that will b
e reclassified into profit or loss.

1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.

2. Changes in the fair value of
investments in other debt obligations

3.
Gains and losses from changes in fair v
alue available for sale financial assets

     4. Other comprehensive income
arising from the reclassification of
financial assets

5.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets

     6. Allowance for credit impairments
in investments in other debt obligations

     7. Reserve for cash flow hedges

     8.
Translation differences in currency fina
ncial statements

              9.Other



                                                                                                                     20
                                          Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


VI. Total comprehensive income                              -49,729,039.42                           -76,534,367.62

VII. Earnings per share

(I)Basic earnings per share

 (II)Diluted earnings per share


5. Consolidated Cash flow statement

                                                                                                             In RMB

                  Items                     Report period                     Same period of the previous year

I. Cash flows from operating activities

Cash received from sales of goods or
                                                       5,076,060,941.82                            4,573,844,188.26
rending of services

  Net increase of customer deposits
and capital kept for brother company

Net increase of loans from central bank

Net increase of inter-bank loans from
other financial bodies

Cash received against original
insurance contract

Net cash received from reinsurance
business

Net increase of client deposit and
investment

Net increase of amount from disposal
financial assets that measured by fair
value and with variation reckoned into
current gains/losses

  Cash received from interest,
commission charge and commission

Net increase of inter-bank fund
received

Net increase of repurchasing business

  Net cash received by agent in
securities trading

   Tax returned                                             61,166,837.37                             28,936,072.03

Other cash received from business
                                                       1,198,893,570.39                              676,868,577.90
operation

   Sub-total of cash inflow                            6,336,121,349.58                            5,279,648,838.19



                                                                                                                  21
                                           Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


Cash paid for purchasing of
                                                        4,150,952,638.34                            5,030,947,005.57
 merchandise and services

Net increase of client trade and
advance

Net increase of savings in central bank
and brother company

  Cash paid for original contract claim

  Net increase in financial assets held
for trading purposes

  Net increase for Outgoing call loan

 Cash paid for interest, processing fee
and commission

 Cash paid for policy dividend

Cash paid to staffs or paid for staffs                    299,283,804.82                              348,304,672.37

 Taxes paid                                               398,156,980.53                              262,769,703.54

Other cash paid for business activities                   849,044,296.94                              695,168,232.73

Sub-total of cash outflow from
                                                        5,697,437,720.63                            6,337,189,614.21
  business activities

Net cash generated from /used in
                                                          638,683,628.95                           -1,057,540,776.02
operating activities

II. Cash flow generated by investing

Cash received from investment
                                                           87,956,080.78                            1,200,000,000.00
retrieving

Cash received as investment gains                                                                      13,923,452.07

Net cash retrieved from disposal of
fixed assets, intangible assets, and                           24,000.00
other long-term assets

Net cash received from disposal of
subsidiaries or other operational units

Other investment-related cash received                    339,995,038.76                                    8,227.27

Sub-total of cash inflow due to
                                                          427,975,119.54                            1,213,931,679.34
investment activities

Cash paid for construction of fixed
     assets, intangible assets and other                  106,155,263.08                              221,643,375.29
     long-term assets

Cash paid as investment                                                                                52,099,996.00

Net increase of loan against pledge



                                                                                                                   22
                                           Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


Net cash received from subsidiaries
and other operational units

Other cash paid for investment
                                                          446,950,176.89                              260,000,000.00
activities

Sub-total of cash outflow due to
                                                          553,105,439.97                              533,743,371.29
investment activities

Net cash flow generated by investment                    -125,130,320.43                              680,188,308.05

III.Cash flow generated by financing

Cash received as investment                                                                             2,000,000.00

Including: Cash received as investment
from minor shareholders

Cash received as loans                                  2,939,250,000.00                            1,164,206,756.55

Cash received from bond placing

Other financing –related cash received                 1,082,451,154.52                              103,648,950.73

Sub-total of cash inflow from financing
                                                        4,021,701,154.52                            1,269,855,707.28
activities

Cash to repay debts                                     1,776,368,478.34                              723,884,505.43

Cash paid as dividend, profit, or
                                                          352,665,722.75                              249,936,221.30
interests

Including: Dividend and profit paid by
subsidiaries to minor shareholders

Other cash paid for financing activities                  275,139,574.98                              477,612,499.98

Sub-total of cash outflow due to
                                                        2,404,173,776.07                            1,451,433,226.71
financing activities

Net cash flow generated by financing                    1,617,527,378.45                             -181,577,519.43

IV. Influence of exchange rate
alternation on cash and cash                                -1,426,795.20                               4,861,325.08
equivalents

V.Net increase of cash and cash
                                                        2,129,653,891.77                             -554,068,662.32
equivalents

Add: balance of cash and cash
                                                       14,916,637,291.04                           25,457,990,759.03
equivalents at the beginning of term

VI ..Balance of cash and cash
                                                       17,046,291,182.81                           24,903,922,096.71
equivalents at the end of term


6. Cash Flow Statement of the Parent Company

                                                                                                             In RMB



                                                                                                                   23
                                           Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


                  Items                    Amount in this period                     Amount in last period

I.Cash flows from operating activities

Cash received from sales of goods or
                                                            84,181,455.03                                5,521,970.00
rending of services

 Tax returned

Other cash received from business
                                                         1,013,835,129.83                             239,806,134.59
operation

Sub-total of cash inflow                                 1,098,016,584.86                             245,328,104.59

Cash paid for purchasing of
                                                               206,012.32                                    834,370.85
merchandise and services

Cash paid to staffs or paid for staffs                        4,618,891.20                             10,318,166.57

Taxes paid                                                  12,178,186.23                                1,579,682.56

Other cash paid for business activities                    657,575,351.98                             230,107,073.24

Sub-total of cash outflow from
                                                           674,578,441.73                             242,839,293.22
  business activities

Net cash generated from /used in
                                                           423,438,143.13                                2,488,811.37
operating activities

II. Cash flow generated by investing

Cash received from investment
                                                                                                    1,220,000,000.00
retrieving

Cash received as investment gains                                                                     678,923,452.07

Net cash retrieved from disposal of
fixed assets, intangible assets, and
other long-term assets

Net cash received from disposal of
subsidiaries or other operational units

Other investment-related cash received

 Sub-total of cash inflow due to
                                                                                                    1,898,923,452.07
investment activities

Cash paid for construction of fixed
     assets, intangible assets and other
     long-term assets

     Cash paid as investment                               225,300,000.00                             271,040,000.00

Net cash received from subsidiaries
and other operational units

Other cash paid for investment
                                                         8,364,163,788.74                           5,720,200,000.00
activities



                                                                                                                     24
                                                    Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


Sub-total of cash outflow due to
                                                                 8,589,463,788.74                            5,991,240,000.00
investment activities

Net cash flow generated by investment                           -8,589,463,788.74                           -4,092,316,547.93

III. Cash flow generated by financing

  Cash received as investment                                                0.00                                        0.00

     Cash received as loans                                      1,130,000,000.00                              350,000,000.00

 Cash received from bond placing

Other financing –related ash received                           7,896,851,205.51                            4,263,448,809.94

 Sub-total of cash inflow from
                                                                 9,026,851,205.51                            4,613,448,809.94
financing activities

  Cash to repay debts                                              322,883,333.28                              423,883,333.34

Cash paid as dividend, profit, or
                                                                    96,424,046.00                               95,990,973.14
interests

Other cash paid for financing activities

 Sub-total of cash outflow due to
                                                                   419,307,379.28                              519,874,306.48
financing activities

Net cash flow generated by financing                             8,607,543,826.23                            4,093,574,503.46

IV. Influence of exchange rate
alternation on cash and cash
equivalents

V.Net increase of cash and cash
                                                                   441,518,180.62                                3,746,766.90
equivalents

Add: balance of cash and cash
                                                                 9,732,302,654.23                           11,224,359,236.39
equivalents at the beginning of term

VI ..Balance of cash and cash
                                                                10,173,820,834.85                           11,228,106,003.29
equivalents at the end of term


II Adjustments to the Financial Statements

1. Adjustments to the Financial Statements at the Beginning of the First Execution Year of any New
Standards Governing Financial Instruments, Revenue or Leases

√ Applicable □ Not applicable


Consolidated balance sheet

                                                                                                                      In RMB

              Items                    December 31, 2018               January 1, 2019                  Adjustment

Current asset:


                                                                                                                            25
                                            Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


Cash and bank balances               19,807,094,397.16              19,807,094,397.16

Notes receivable & account
                                     14,852,563,398.56              14,852,563,398.56
receivable

Including:Notes receivable            499,781,503.17                  499,781,503.17

         Notes receivable            14,352,781,895.39              14,352,781,895.39

  Prepayments                         5,215,414,219.51               5,215,414,219.51

  Other account receivable            1,125,991,020.55               1,125,991,020.55

  Including:Interest
                                         56,811,961.67                  56,811,961.67
receivable

         Inventories                  3,510,786,666.85               3,510,786,666.85

Held-for-sale assets                    119,355,435.58                 119,355,435.58

  Other current assets                 809,360,778.49                  809,360,778.49

Total of current assets              45,440,565,916.70              45,440,565,916.70

Non-current assets:

发放贷款和垫款                                   0.00

Available-for-sale financial
                                       243,158,605.30          Not applicable                 -243,158,605.30
assets

  Long-term receivable                 344,430,815.68                  344,430,815.68

  Long term share equity
                                      2,174,347,969.22               2,174,347,969.22
investment

Other equity instruments
                                Not applicable                 243,158,605.30                  243,158,605.30
investment

 Property investment                   686,993,881.02                  686,993,881.02

  Fixed assets                        9,634,463,323.77               9,634,463,323.77

     Construction in progress         5,013,941,980.61               5,013,941,980.61

  Intangible assets                   1,146,949,745.14               1,146,949,745.14

     Development expenses                37,122,235.94                  37,122,235.94

     Goodwill                         2,835,672,586.90               2,835,672,586.90

Long-germ expenses to be
                                         21,884,204.82                  21,884,204.82
amortized

     Deferred tax assets               533,094,627.68                  533,094,627.68

 Other non-current asset              4,463,496,966.82               4,463,496,966.82

Total of non-current assets          27,135,556,942.90              27,135,556,942.90

Total of assets                      72,576,122,859.60              72,576,122,859.60

Current liabilities

     Short-term loans                 8,361,106,651.33               8,361,106,651.33


                                                                                                                    26
                                       Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


Notes payable & account
                                 10,276,094,132.88             10,276,094,132.88
payable

     Advance payment              1,402,283,662.37              1,402,283,662.37

 Employees’ wage payable          238,146,977.17                 238,146,977.17

 Tax payable                       817,173,127.12                 817,173,127.12

  Other account payable           2,089,603,676.60              2,089,603,676.60

  Including:Interest payable      117,554,951.58                 117,554,951.58

  Non-current liability due
                                  3,697,392,864.91              3,697,392,864.91
within 1 year

  Other current liability          315,193,128.73                 315,193,128.73

Total of current liability       27,196,994,221.11             27,196,994,221.11

Non-current liabilities:

  Long-term loan                  2,741,589,600.00              2,741,589,600.00

Bond payable                      5,630,818,825.32              5,630,818,825.32

  Long-term payable               2,644,309,592.95              2,644,309,592.95

     Estimated liabilities          99,765,750.04                  99,765,750.04

Deferred income                    676,146,399.31                 676,146,399.31

Deferred income tax liability       55,192,983.97                  55,192,983.97

  Other non-current liability      108,000,000.00                 108,000,000.00

Total non-current liabilities    11,955,823,151.59             11,955,823,151.59

Total of liability               39,152,817,372.70             39,152,817,372.70

Owners’ equity

  Share capital                   5,730,250,118.00              5,730,250,118.00

Capital reserves                 21,786,233,393.78             21,786,233,393.78

Less: treasury shares                 4,422,320.00                  4,422,320.00

Other comprehensive income              -29,175.80                     -29,175.80

Special reserve                     12,614,331.35                  12,614,331.35

     Surplus reserves              245,507,019.95                 245,507,019.95

Retained profit                   4,750,977,557.86              4,750,977,557.86

Total of owner’s equity
                                 32,521,130,925.14             32,521,130,925.14
belong to the parent company

Minority shareholders’ equity     902,174,561.76                 902,174,561.76

Total of owners’ equity         33,423,305,486.90             33,423,305,486.90

Total of liabilities and
                                 72,576,122,859.60             72,576,122,859.60
owners’ equity



                                                                                                               27
                                               Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


Adjustment statement
The new financial standard was implemented on January 1, 2019. According to the new financial instrument standard,
the ending of the 2018 statement available-for-sale financial assets was adjusted to other equity instrument
investments at the beginning of 2019.


Parent Company Balance Sheet

                                                                                                                   In RMB

             Items               December 31, 2018                January 1, 2019                  Adjustment

Current asset:

Cash and bank balances                   9,732,302,654.23               9,732,302,654.23

  Notes receivable &
                                          176,613,926.23                  176,613,926.23
account receivable

Including:Notes receivable                     50,000.00                      50,000.00

Account receivable                        176,563,926.23                  176,563,926.23

     Prepayments                             2,008,364.11                    2,008,364.11

  Other account receivable               6,281,675,319.27               6,281,675,319.27

Including:Interest receivable               7,521,489.86                   7,521,489.86

     Dividend receivable                  500,000,000.00                  500,000,000.00

     Inventories                          269,759,580.95                  269,759,580.95

  Other current assets                         148,973.38                     148,973.38

Total of current assets                 16,462,508,818.17              16,462,508,818.17

Non-current assets:

Available-for-sale financial
                                          129,500,056.00          Not applicable                 -129,500,056.00
assets

  Long term share equity
                                        26,504,735,200.89              26,504,735,200.89
investment

  Other equity instruments
                                   Not applicable                 129,500,056.00                  129,500,056.00
investment

  Fixed assets                            160,867,244.63                  160,867,244.63

Intangible assets                            9,339,387.26                   9,339,387.26

  Deferred income tax assets               119,964,967.85                 119,964,967.85

Total of non-current assets             26,924,406,856.63              26,924,406,856.63

Total of assets                         43,386,915,674.80              43,386,915,674.80

Current liabilities

  Short-term loans                       4,278,000,000.00               4,278,000,000.00

     Notes payable &                        11,500,796.58                  11,500,796.58


                                                                                                                       28
                                               Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


Account payable

     Prepayments                              1,991,498.78                  1,991,498.78

 Employees’ wage payable                     4,484,401.86                  4,484,401.86

Tax payable                                  17,959,833.09                 17,959,833.09

  Other account payable                 3,656,725,253.66                3,656,725,253.66

Including:Interest payable                  97,197,464.99                 97,197,464.99

  Non-current liabilities due
                                        1,533,383,333.28                1,533,383,333.28
within 1 year

Total of current assets                 9,504,045,117.25                9,504,045,117.25

Non-current assets:

  Bond payable                          5,630,818,825.32                5,630,818,825.32

Total of non-current assets             5,630,818,825.32                5,630,818,825.32

Total of assets                        15,134,863,942.57               15,134,863,942.57

Owners’ equity

         Share capital                  5,730,250,118.00                5,730,250,118.00

     Capital reserves                  21,832,453,907.50               21,832,453,907.50

Less: treasury shares                         4,422,320.00                  4,422,320.00

Surplus reserves                            226,517,795.62                226,517,795.62

     Retained profit                        467,252,231.11                467,252,231.11

Total of owners’ equity               28,252,051,732.23               28,252,051,732.23

Total of liabilities and
                                       43,386,915,674.80               43,386,915,674.80
owners’ equity

Adjustment statement
The new financial standard was implemented on January 1, 2019. According to the new financial instrument standard,
the ending of the 2018 statement available-for-sale financial assets was adjusted to other equity instrument
investments at the beginning of 2019.


2. Retrospective Restatement of Previous Comparative Data due to the First Execution of any New
Standards Governing Financial Instruments or Leases

√ Applicable □Not applicable
Beginning January 1, 2019, the company began to implement the new financial instrument guidelines, but does not
involve data adjustment during the comparative period of the income statement.


III. Auditor’ report

Is the First Quarterly Report be audited?
□ Yes    √No


                                                                                                                       29
                                             Tunghsu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2019


The First Quarterly report is not audited.




                                                            Tunghsu Optoelectronic Technology Co., Ltd.


                                                           Board Chairman: Wang Lipeng



                                                   Issue day approved by the Board of Directors:April 29,2019




                                                                                                                     30