2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Stock Code: 002236 Stock Abbreviation: Dahua Announcement Number: 2023-036
Zhejiang Dahua Technology Co., Ltd.
2023 Q1 Report
The Company and all members of the Board of Directors hereby guarantee that the information disclosed herein
is authentic, accurate and complete and free of any false records, misleading statements, or material omissions.
Important reminders:
1. The Board of Directors, the Board of Supervisors, directors, supervisors and senior management members of the
Company hereby guarantee that the information presented in this quarterly report is authentic, accurate, complete and
free of any false records, misleading statements or material omissions, and they will bear joint and several liability for
such information.
2. The Company's legal representative, chief accountant, and person in charge of accounting institution (Accounting
Officer) hereby declare and warrant that the financial statements in the quarterly report are authentic, accurate, and
complete.
3. Has the first quarter report been audited
□ Yes No
This document is a translated version of the Chinese version 2023 Q1 report ("2023 年第一季度报告"),
and the published Q1 Report in the Chinese version shall prevail.
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2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
I. Key Financial Data
(I) Key Accounting Data and Financial Indicators
Whether the Company needs retroactive adjustment or restatement of accounting data in prior years or not
□ Yes No
Increase/Decrease of the
The Current Reporting The Same Period of Last Current Reporting Period
Period Year Compared with the Same
Period of the Previous Year
Operating revenue (RMB) 6,015,629,882.58 5,847,968,885.65 2.87%
Net profit attributable to
shareholders of the listed 495,351,177.84 355,574,576.71 39.31%
Company (RMB)
Net profit attributable to
shareholders of the listed
company after deducting 398,105,107.61 345,713,991.57 15.15%
non-recurring gains and
losses (RMB)
Net cash flow generated by
operational activities -1,339,410,329.62 -2,473,101,850.64 45.84%
(RMB)
Basic Earnings per Share
0.17 0.12 41.67%
(RMB/Share)
Diluted Earnings per Share
0.17 0.12 41.67%
(RMB/Share)
Weighted Average ROE 1.90% 1.49% 0.41%
Increase/Decrease at the
End of the Current
At the End of the Current At the End of the Previous
Reporting Period
Reporting Period Year
Compared with the End of
the Previous Year
Total assets (RMB) 48,274,953,657.76 46,252,893,804.54 4.37%
Owners' Equity Attributable
to Shareholders of the
31,575,081,726.82 25,836,798,918.61 22.21%
Listed Company (Unit:
RMB)
(II) Non-Recurring Gains and Losses Items and Their Amounts
Applicable □ Not applicable
Unit: RMB
Amount in the Current
Item Note
Reporting Period
Profits or losses from disposal of non-current assets (including
1,687,946.34
the write-off for the accrued impairment of assets)
The government subsidies included in the current profits and
losses (excluding the government subsidies closely related to
regular businesses of the Company, in line with national 36,480,350.20
policies, and consecutively received by a standard quota or
quantity)
Gains or losses from investment or asset management
45,552,810.36
entrusted to others
Profits and losses resulting from the changes in fair value for
86,513,604.60
holding trading financial assets and trading financial liabilities,
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2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
and investment income from disposal of trading financial
assets, trading financial liabilities, and financial assets
available for trading, excluding the effective hedging
businesses related to the regular business operation of the
Company
Non-Operating Revenue and expenses other than the above 2,481,090.95
Other gains and losses items that fit the definition of non-
-52,760,189.47
recurring gains and losses
Less: Impact of income tax 26,268,215.87
Impact of minority equity (after tax) -3,558,673.12
Total 97,246,070.23
Other gains or losses that fit the definition of non-recurring gains or losses
□ Applicable Not applicable
The Company has no other gains or losses that fit the definition of non-recurring gains or losses.
Note for the definition of non-recurring gains and losses listed in the No. 1 Explanatory Announcement on Information
Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses, as recurring gains
and losses.
□ Applicable Not applicable
The Company did not define any non-recurring gains and losses set out in the No. 1 Explanatory Announcement on
Information Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses as
recurring gains and losses.
(III) Changes and Reasons for the Change of Key Accounting Data and Financial Indicators
Applicable □ Not applicable
(I) Changes in assets and liabilities and their reasons
1. Cash and bank balances increased by 49.53% compared with the beginning of the year, mainly due to the receipt of
RMB 5.096 billion of funds raised during the period;
2. Other current assets decreased by 34.92% compared with the beginning of the year, mainly due to decreased
national debt reverse repurchase at the end of the period compared with the beginning of the year;
3. Other non-current assets decreased by 30.54% compared with the beginning of the year, mainly due to decreased
prepayments for long-term assets at the end of the period compared with the beginning of the year;
4. Short-term borrowings increased by 162.28% compared with the beginning of the year, mainly due to the increase
in the outstanding discounted bills from related parties during the period;
5. Trading financial liabilities decreased by 93.76% compared with the beginning of the year, mainly due to changes in
the fair value of foreign exchange contracts;
6. Accounts payable decreased by 34.81% compared with the beginning of the year, mainly due to the payment of
large purchases during the period;
7. The salary payable to employees decreased by 51.01% compared with beginning of this year, mainly due to the
issuance of year-end bonus for the previous year in this period;
8. Deferred revenue increased by 69.44% compared with the beginning of the year, mainly due to the receipt of asset-
related government grants during the period;
9. Capital reserve increased by 125.17% compared with the beginning of the year, mainly due to premiums on equity
received from fund raising during the period;
(II) The changes of items in the income statement and the reasons
1. Taxes and Surcharges increased by 55.70% compared with same period of previous year, mainly due to the
increase of turnover tax payable in this period;
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2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
2. Management expenses increased by 30.94% compared with the same period of the previous year, mainly due to
the increase in labor costs and depreciation expenses of assets in the current period compared with the same period
of the previous year;
3. Finance expenses decreased by 40.51% compared with the same period of the previous year, mainly due to the
increase in interest income and the decrease in exchange loss in the current period compared with the same period of
the previous year;
4. Other income decreased by 41.08% compared with the same period of the previous year, mainly due to the
decrease in VAT refund and government subsidies compared with the same period of the previous year;
5. Investment income decreased by 63.58% compared with the same period of the previous year, mainly due to the
decrease in investment income from financial derivatives and the increase in investment loss recognized under the
equity method for shareholding companies in the current period compared with the same period of the previous year;
6. The gains from changes in fair value increased by 298.75% compared with the same period of the previous year,
mainly due to the increase in the changes in fair value of other non-current financial assets compared with the same
period of the previous year;
7. Credit impairment losses decreased by 57.60% compared with the same period of the previous year, mainly due to
the decrease in the provision for bad debts in the current period compared with the same period of the previous year;
8. Asset impairment losses increased by 30.15% compared with the same period of the previous year, mainly due to
the increase in the provisions for inventory impairment compared with the same period of the previous year;
9. Income tax expense increased by 409.20% compared with the same period of the previous year, mainly due to the
increase in taxable income in the current period compared with the same period of the previous year;
(III) The changes of items in the cash flow statement and the reasons
1. The net cash flow generated from operating activities increased by 45.84% compared with the same period of the
previous year, mainly due to the increase in sales payment and the decrease in purchase payment, labor and tax
expenses in the current period compared with the same period of the previous year;
2. The net cash flow generated from investment activities decreased by 122.18% compared with the same period of
the previous year, mainly due to the decrease in the amount of financial investments recovered in the current period
compared with the same period of the previous year;
3. The net cash flow from financing activities increased by 225.25% compared with the same period of the previous
year, mainly due to the receipt of funds raised during the period;
II. Shareholder Information
(I) Numbers of Ordinary Shareholders and Preferred Shareholders with Restored Voting Power
and Top Ten Shareholders’ Shares
Unit: share
Total Number of Common Total Number of Preferred Shareholders (If Any)
Shareholders at The End of 117,469 Whose Voting Rights have been Recovered at the 0
The Reporting Period End of the Reporting Period
Shareholding of the Top Ten Shareholders
Number of Pledges, markings or
Shareholding
Name of Nature Of Shareholding Shares Held with freezing
Percentage
Shareholder Shareholder Quantity Limited Sales State of
(%) Number
Conditions Shares
Fu Liquan Domestic 33.76% 1,023,868,980.00 767,901,735.00 Pledge 228,550,270.00
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2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Natural
Person
Domestic
Zhu Jiangming Natural 5.28% 160,175,490.00 120,131,617.00 Pledge 11,700,000.00
Person
Hong Kong
Overseas
Securities
Legal 3.66% 111,157,871.00 0.00 0.00
Clearing Co.
Person
Ltd.
Domestic
Chen Ailing Natural 2.35% 71,262,813.00 53,447,110.00 Pledge 31,800,000.00
Person
Domestic
Wu Jun Natural 2.28% 69,172,886.00 51,879,664.00 0.00
Person
China Domestic
Securities Non-state-
1.31% 39,611,241.00 0.00 0.00
Finance Co., owned Legal
Ltd. Person
China Galaxy State-owned
Securities Co., Legal 1.28% 38,683,600.00 0.00 0.00
Ltd. Person
National Social
Security Fund Others 1.06% 32,002,296.00 0.00 0.00
103
National Social
Security Fund Others 0.50% 15,312,862.00 0.00 0.00
101
Agricultural
Bank of China
Co., Ltd.- China
International
Fund
Management Others 0.46% 14,054,931.00 0.00 0.00
Emerging
Power Hybrid
Securities
Investment
Fund
Shareholding of the top ten shareholders without limited sales condition
Type of shares
Number of shares held without limited
Name of Shareholder Type of
sales condition Number
shares
RMB
Fu Liquan 255,967,245.00 common 255,967,245.00
stock
RMB
Hong Kong Securities Clearing Co. Ltd. 111,157,871.00 common 111,157,871.00
stock
RMB
Zhu Jiangming 40,043,873.00 common 40,043,873.00
stock
RMB
China Securities Finance Co., Ltd. 39,611,241.00 common 39,611,241.00
stock
RMB
China Galaxy Securities Co., Ltd. 38,683,600.00 38,683,600.00
common
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2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
stock
RMB
National Social Security Fund 103 32,002,296.00 common 32,002,296.00
stock
RMB
Chen Ailing 17,815,703.00 common 17,815,703.00
stock
RMB
Wu Jun 17,293,222.00 common 17,293,222.00
stock
RMB
National Social Security Fund 101 15,312,862.00 common 15,312,862.00
stock
Agricultural Bank of China Co., Ltd.- China RMB
International Fund Management Emerging 14,054,931.00 common 14,054,931.00
Power Hybrid Securities Investment Fund stock
Description of the association relationship or Mr. Fu Liquan and Ms. Chen Ailing are husband and wife. The
concerted action of above-mentioned Company Is Unaware Of Whether Other Shareholders Have
shareholders Associated Relationship Or Are Persons Acting In Concert
Explanation On Top Ten Shareholders'
Participation In Securities Margin Trading (If N/A
Any)
(II) Number of Preferred Shareholders and Top Ten Preferred Shareholders’ Shares
□ Applicable Not applicable
III. Other Significant Events
Applicable □ Not applicable
1. The Company initiated the issuance of shares to China Mobile Limited in 2021 and obtained the Approval of Non-
public Offering of Shares by Zhejiang Dahua Technology Co., Ltd. (Z.J.X.K. (2022) No. 853) issued by China
Securities Regulatory Commission on April 24, 2022. The Company disclosed Report on Non-public Offering of
Shares to Specific Investors, Announcement on Non-public Offering of Shares to Specific Investors and other
documents on March 31, 2023 and April 12, 2023. The Company completed its non-public offering of shares to China
Mobile Communications Group Co., Ltd. The 293,103,400 shares issued in this non-public offering shall be listed on
the exchange as of April 14, 2023. The Company’s total capital stock will change from 3,033,161,170 shares to
3,326,264,570 shares. The announcements above have been disclosed through the designated media Securities
Times and Juchao Information Network (www.cninfo.com.cn).
2. During the reporting period, some of the senior management and core employees of the Company increased their
capital by a total of RMB 6,049,190 to the holding subsidiary Zhejiang HuaRay Technology Co., Ltd. (where the
registered capital was increased by RMB 1,675,676 and the rest was included in the capital reserve). 11 natural
persons, consisting of senior managers Zhao Yuning, Zhu Jiantang, Xu Zhicheng, Liu Ming, Wu Jian, Li Zhijie, Song
Ke, and Xu Qiaofen, supervisor Zheng Jiping, and core employees Gao Chunshan and Chen Qiang, increased their
capital by a total of RMB 4,839,353 directly, while the management team and core employees of the Company
increased their capital by a total of RMB 1,209,837 through holding shares in the platforms.
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2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
3. In order to further promote the long-term and stable development in machine vision and mobile robotics, HuaRay
Technology, the holding subsidiary of the Company, introduced a total of 8 investors, including Yibin Green Energy
Equity Investment Partnership (Limited Partnership), Wuxi Xinchuang No. 1 Venture Capital Partnership (Limited
Partnership), Hefei Gotion High-tech Co., Ltd. and Zhu Jiangming, by way of capital increase and share expansion.
The total capital increase of the 8 investors was RMB 260. 000,061 (RMB 8,934,710 as new registered capital and the
rest as capital reserve), acquiring a total of 12.58% ownership of HuaRay Technology after the capital increase.
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by: Zhejiang Dahua Technology Co., Ltd.
March 31, 2023
Unit: RMB
Item Closing balance Balance at the beginning of the year
Current Assets:
Cash and Bank Balances 12,007,159,819.04 8,029,878,650.77
Deposit Reservation for Balance
Loans to Banks and Other
Financial Institutions
Trading Financial Assets 1,470,000.00 1,470,000.00
Derivative Financial Assets
Notes receivable 731,059,874.97 872,302,071.18
Accounts receivable 14,525,756,307.21 15,411,908,561.50
Receivables Financing 746,477,533.01 679,441,917.62
Prepayments 123,513,410.25 121,691,239.14
Premium Receivable
Reinsurance Accounts Receivable
Reinsurance Contract Reserves
Receivable
Other Receivables 373,935,425.01 401,849,246.88
Including: interest receivable
Dividends Receivable 5,246,599.67 8,519,063.17
Buying Back the Sale of Financial
Assets
Inventory 6,822,167,778.17 7,315,372,440.02
Contract Assets 124,124,475.05 106,335,405.35
Holding for-sale assets
Non-current Assets Due within 1
469,483,003.09 476,871,949.75
Year
Other Current Assets 880,144,878.33 1,352,406,151.72
Subtotal of Current Assets 36,805,292,504.13 34,769,527,633.93
Non-current Assets:
Granting of loans and advances
Investment in Creditor's Rights
Investment in Other Creditor's
Rights
Long-term Receivables 1,347,575,513.41 1,436,256,651.54
Long-term Equity Investment 1,392,797,739.50 1,461,099,644.55
Investment in Other Equity
Instruments
Other Non-current Financial Assets 1,046,867,121.21 931,043,130.33
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2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Investment Property 417,462,226.90 423,035,823.82
Fixed Assets 4,555,578,078.13 4,643,617,574.85
Projects under Construction 532,553,763.26 423,535,552.03
Productive Biological Assets
Oil and gas assets
Right-of-use Assets 307,691,767.26 314,700,977.50
Intangible Assets 590,691,338.11 557,183,251.12
Development Expenditure
Goodwill 6,615,294.18 6,615,294.18
Long-term Deferred Expenses 129,852,560.68 130,626,422.97
Deferred Income Tax Assets 1,043,873,233.95 1,014,419,944.15
Other Non-current Assets 98,102,517.04 141,231,903.57
Subtotal of Non-current Assets 11,469,661,153.63 11,483,366,170.61
Total Assets 48,274,953,657.76 46,252,893,804.54
Current Liabilities:
Short-term loan 676,535,864.28 257,943,618.51
Borrowings from the Central Bank
Borrowings from Banks and Other
Financial Institutions
Transactional financial liabilities 1,662,704.05 26,652,319.25
Derivative Financial Liabilities
Notes Payable 3,819,379,691.63 4,364,097,761.17
Accounts Payable 4,785,099,812.87 7,340,277,388.29
Received Prepayments
Contract liabilities 1,122,494,660.75 1,219,548,011.88
Financial Assets Sold for
Repurchase
Deposit Taking and Interbank
Deposit
Receiving from Vicariously Traded
Securities
Receiving from Vicariously Sold
Securities
Payroll payable 775,648,195.62 1,583,203,165.43
Tax Payable 293,764,703.12 326,881,747.78
Other Payables 920,057,453.52 1,004,056,999.91
Including: interest payable
Dividends Payable
Service Charge and Commission
Payable
Reinsurance Accounts Payable
Holding for-sale liabilities
Non-current Liabilities Due within 1
2,574,521,241.97 2,558,010,785.73
Year
Other Current Liabilities 153,756,546.61 166,004,612.27
Subtotal of Current Liabilities 15,122,920,874.42 18,846,676,410.22
Non-current Liabilities:
Insurance Contract Reserves
Long-term loan 427,000,000.00 453,825,000.00
Bonds Payable
Including: Preferred Stocks
Perpetual Bonds
Lease Liabilities 187,137,193.29 196,340,654.27
Long-term Payables
Long-term payroll payable
Expected Liabilities 233,779,057.26 227,764,387.93
Deferred Income 177,345,965.69 104,663,047.38
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2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Deferred Income Tax Liabilities 1,845,192.89 1,168,473.33
Other Non-current Liabilities 162,499,556.15 204,084,072.08
Subtotal of Non-current Liabilities 1,189,606,965.28 1,187,845,634.99
Total Liabilities 16,312,527,839.70 20,034,522,045.21
Shareholders' Equity:
Share Capital 3,326,264,570.00 3,033,161,170.00
Other Equity Instruments
Including: Preferred Stocks
Perpetual Bonds
Capital Reserves 8,894,722,588.52 3,950,209,243.25
Less: Treasury Share 609,859,632.00 609,859,632.00
Other Comprehensive Incomes 42,257,224.87 36,942,339.77
Special Reserves
Surplus Reserves 1,553,691,005.92 1,553,691,005.92
General Risk Reserves
Undistributed Profits 18,368,005,969.51 17,872,654,791.67
Total Shareholders' Equity
31,575,081,726.82 25,836,798,918.61
Attributable to the Parent Company
Minority Shareholders' Equity 387,344,091.24 381,572,840.72
Total Shareholders' Equity 31,962,425,818.06 26,218,371,759.33
Total Liabilities and Shareholders'
48,274,953,657.76 46,252,893,804.54
Equity
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting
institution: Zhu Zhuling
2. Consolidated Income Statement
Unit: RMB
Amount Occurred in the Current Amount Occurred in the Previous
Item
Period Period
I. Total Operating Revenue 6,015,629,882.58 5,847,968,885.65
Including: Operating Revenue 6,015,629,882.58 5,847,968,885.65
Interest Income
Earned Premiums
Service Charge and
Commission Income
II. Total Operating Cost 5,653,548,465.50 5,550,713,608.95
Including: Operating Cost 3,457,338,659.40 3,565,578,176.53
Interest Expenditures
Service Charge and
Commission Expenses
Surrender Value
Net Claims Paid
The Net Amount Withdrawn
for Insurance Liability Reserves
Policyholder Dividend
Expense
Reinsurance Cost
Taxes and Surcharges 46,837,459.40 30,080,947.54
Sales Expenses 978,997,029.62 932,207,142.40
Administration expenses 266,144,460.34 203,262,314.28
Research and development 855,866,109.49 738,282,884.68
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2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
expense
Financial Expenses 48,364,747.25 81,302,143.52
Including: interest
31,385,578.66 30,840,382.07
expenses
Interest Income 68,480,455.12 47,897,325.35
Add: Other income 149,138,119.57 253,117,253.47
Investment Income (Mark "-"
-96,942,769.68 -59,262,259.80
for Loss)
Including: Investment
Income from Affiliates and Joint -83,862,265.62 -72,730,282.72
Ventures
Profits from
recognition Termination of Financial -74,923.17
Assets at Amortized Cost
Exchange Gains (Mark "-" for
Losses)
Profit of Net Exposure
Hedging (Mark "-" for Loss)
Incomes from changes in fair
145,744,316.06 -73,328,943.33
value (losses marked with "-")
Credit Impairment Losses
-29,328,219.71 -69,177,503.05
(Mark "-" for Loss)
Asset Impairment Losses
-17,382,046.88 -13,355,268.05
(Mark "-" for Loss)
Asset Disposal Income (Mark
1,538,427.95 49,193.70
"-" for Loss)
III. Operating Profit (Mark "-" for
514,849,244.39 335,297,749.64
Loss)
Add: Non-operating Revenues 3,195,141.31 2,811,733.82
Less: Non-operating Expenses 1,039,470.65 1,627,282.23
IV. Total Profit (Mark "-" for Total
517,004,915.05 336,482,201.23
Loss)
Less: Income Tax Expense 24,043,355.88 -7,775,898.37
V. Net Profit (Mark "-" for Net Loss) 492,961,559.17 344,258,099.60
(I) Classified by operation
continuity
1. Net Profit as a Going Concern
492,961,559.17 344,258,099.60
(Mark "-" for Net Loss)
2. Net Profit of Discontinued
Operation (Mark "-" for Net Loss)
(II) Classified by the attribution of
ownership
1. Net Profit Attributable to the
495,351,177.84 355,574,576.71
Parent Company's Owner
2. Minority Shareholders' Profit
-2,389,618.67 -11,316,477.11
and Loss
VI. Net Amount of Other
5,226,283.43 11,063,697.89
Comprehensive Incomes after Tax
Net Amount of Other
Comprehensive Incomes after Tax
5,314,885.10 11,209,379.25
Attributable to the Parent Company's
Owner
(I) Other comprehensive income
that cannot be reclassified into profit
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2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
or loss
1. Re-measure the variation of
the defined benefit plan
2. Other comprehensive
income that cannot be transferred to
P/L under the equity method
3. Changes in the fair value of
investment in other equity
instruments
4. Changes in the fair value of
the credit risk of the enterprise
5. Others
(II) Other comprehensive income
5,314,885.10 11,209,379.25
that will be reclassified as P/L
1. Other comprehensive
income that can be transferred to P/L
under the equity method
2. Changes in the fair value of
investment in other creditor's rights
3. Financial assets reclassified
into other comprehensive income
4. Provisions for the credit
impairment of investment in other
creditor's rights
5. Cash flow hedge reserves
6. Currency translation
5,314,885.10 11,209,379.25
difference
7. Others
Net Amount of Other
Comprehensive Incomes After Tax -88,601.67 -145,681.36
Attributable to Minority Shareholders
VII. Total Comprehensive Income 498,187,842.60 355,321,797.49
Total Comprehensive Income
Attributable to the Parent Company's 500,666,062.94 366,783,955.96
Owner
Total Comprehensive Income
-2,478,220.34 -11,462,158.47
Attributable to Minority Shareholders
VIII. Earnings per Share:
(I) Basic Earnings per Share 0.17 0.12
(II) Diluted Earnings per Share 0.17 0.12
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting
institution: Zhu Zhuling
3. Consolidated Cash Flow Statement
Unit: RMB
Amount Occurred in the Current Amount Occurred in the Previous
Item
Period Period
I. Cash Flow Generated by
Operational Activities:
Cash from Sales of Merchandise
7,374,224,734.82 7,242,389,294.67
and Provision of Services
Net Increase in Customer's Bank
Deposits and Interbank Deposits
Net Increase in Borrowings from
the Central Bank
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2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Net Increase in Borrowings from
Other Financial Institutions
Cash Arising from Receiving
Premiums for the Original Insurance
Contract
Net Amount Arising from
Reinsurance Business
Net Increase in Deposits and
Investments from Policyholders
Cash Arising from Interests,
Service Charges and Commissions
Net Increase in Borrowings from
Banks and Other Financial
Institutions
Net Increase in Repurchase
Business Funds
Net Amount of Cash Received
from the Vicariously Traded
Securities
Tax Refund 331,924,366.01 317,364,603.31
Other Received Cashes Related to
287,656,842.27 324,680,606.69
Operational Activities
Subtotal of cash inflow from
7,993,805,943.10 7,884,434,504.67
operational activities
Cash Paid for Merchandise and
6,152,364,623.19 6,603,211,625.27
Services
Net Increase in Loans and
Advances to Customers
Net Increase in Deposits with
Central Bank and Other Financial
Institutions
Cash Paid for Original Insurance
Contract Claims
Net increase of funds lent
Cash Paid for Interests, Service
Charges and Commissions
Cash Paid for Policy Dividends
Cash Paid to and for Employees 2,348,672,698.05 2,667,673,628.12
Cash Paid for Taxes and
363,575,415.68 614,940,360.60
Surcharges
Other Paid Cashes Related to
468,603,535.80 471,710,741.32
Operational Activities
Subtotal of cash outflow from
9,333,216,272.72 10,357,536,355.31
operational activities
Net cash flow generated by operating
-1,339,410,329.62 -2,473,101,850.64
activities
II. Cash Flow from Investment
Activities:
Cash Arising from Disposal of
521,008,100.64 911,736,781.89
Investments
Cash Arising from Investment
14,620,795.29 3,311,145.38
Incomes
Net Cash Arising from Disposal of
1,871,569.59 439,146.60
Fixed Assets, Intangible Assets and
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2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Other Long-term Assets
Net Cash Arising from Disposal of
Subsidiaries and Other Business
Units
Other Received Cashes Related to
6,372,954.21 11,334,113.05
Investment Activities
Subtotal of cash inflow from
543,873,419.73 926,821,186.92
investment activities
Cash Paid for Purchase and
Construction of Fixed Assets,
377,563,502.91 319,786,267.86
Intangible Assets and Other Long-
term Assets
Cash Paid for Investments 198,446,286.75 382,163,000.00
Net Increase in Pledge Loans
Net Cash Paid for Acquisition of
Subsidiaries and Other Business
Units
Other Paid Cashes Related to
17,634,100.00 462,782.90
Investment Activities
Subtotal of cash outflows from
593,643,889.66 702,412,050.76
investment activities
Net amount of cash flow generated
-49,770,469.93 224,409,136.16
by investment activities
III. Cash Flow from Financing
Activities:
Cash Arising from Absorbing
5,102,048,350.36 50,000.00
Investments
Including: Cash Arising from
Subsidiaries Absorbing Investments 6,049,190.36 50,000.00
by Minority Shareholders
Cash Arising from Borrowings 743,145,876.82 2,133,946,000.00
Other Received Cashes Related to
0.00
Financing Activities
Subtotal of cash inflow from financing
5,845,194,227.18 2,133,996,000.00
activities
Cash Paid for Debts Repayment 368,081,000.00 339,666,000.00
Cash Paid for Distribution of
Dividends and Profits or Payment of 26,707,637.72 22,954,779.00
Interests
Including: Dividends and Profits
Paid to Minority Shareholders by
Subsidiaries
Other Paid Cashes Related to
50,566,396.23 111,159,788.56
Financing Activities
Subtotal of cash outflow from
445,355,033.95 473,780,567.56
financing activities
Net cash flow generated by financing
5,399,839,193.23 1,660,215,432.44
activities
IV. Impact of Fluctuation in Exchange
-37,070,716.55 -21,562,273.59
Rate on Cash and Cash Equivalents
V. Net Increase in Cash and Cash
3,973,587,677.13 -610,039,555.63
Equivalents
Add: Cash and Cash Equivalents
7,878,465,052.63 7,617,576,852.32
at the Commencement of the Period
VI. Cash and Cash Equivalents at the
11,852,052,729.76 7,007,537,296.69
End of the Period
13
2023 Q1 Report of Zhejiang Dahua Technology Co., Ltd.
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting
institution: Zhu Zhuling
(II) Audit Report
Has the first quarter report been audited
□ Yes No
The report for the first quarter has not been audited.
Board of Directors of Zhejiang Dahua Technology Co., Ltd.
April 28, 2023
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