ZKTeco 2024 Q1 Report
Stock Code: 301330 Abbreviation of Securities: ZKTECO Announcement No.: 2024-023
ZKTECO CO., LTD.
2024 1st Quarter Report
The Company and all members of the Board of Directors guarantee that the
information disclosed is true, accurate and complete, without any false records,
misleading statements or material omissions.
Important content tips:
1. The Board of Directors, the Board of Supervisors, directors, supervisors and senior management guarantee that the information
presented in this report is true, accurate and complete without any false records, misleading statements or material omissions, and will
undertake individual and joint legal liabilities.
2. The Company's legal representative, the person in charge of the accounting work, and the person in charge of accounting institution
(accounting supervisor) hereby declare that the financial information in this report is true, accurate and complete.
3. Whether the 1st Quarter Report has been audited
□ Yes No
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ZKTeco 2024 Q1 Report
I. Key Financial Data
(I) Main Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment or restatement of the previous accounting data
□ Yes No
Increase/decrease in this
Current reporting period The same period last year reporting period compared to
the same period last year (%)
Operating revenue (RMB) 399,677,922.33 403,022,827.48 -0.83%
Net profit attributable to
shareholders of listed 26,334,496.73 31,690,542.22 -16.90%
companies (RMB)
Net profit attributable to
shareholders of listed
companies after deducting 21,211,610.69 30,281,180.21 -29.95%
non-recurring profits and
losses (RMB)
Net cash flows from operating
61,516,123.25 64,369,898.55 -4.43%
activities (RMB)
Basic EPS (RMB/share) 0.1363 0.2098 -35.03%
Diluted EPS (RMB/share) 0.1357 0.2121 -36.02%
Weighted average return on
0.81% 1.03% -0.22%
net assets
Increase or decrease at the
At the end of this reporting At the end of the previous end of this reporting period
period year compared to the end of the
previous year (%)
Total assets (RMB) 3,842,695,159.18 3,923,900,732.70 -2.07%
Owner's equity attributable to
shareholders of the listed 3,233,242,654.11 3,265,413,589.20 -0.99%
company (RMB)
(II) Items and Amounts of Non-recurring Gains and Losses
Applicable □ Not applicable
Unit: RMB
Amount during this reporting
Item Remarks
period
Losses and gains from disposal of non-current assets
(including the offsetting portion of the provision for asset -39,306.15
impairment)
Government subsidies included in current profits and
losses (except those closely related to the normal business
Mainly due to government
of the Company, which are in line with national policies
4,244,025.36 subsidies received during the
and regulations, enjoyed according to determined
reporting period
standards, and have a continuous impact on the
Company's profits and losses)
Profits and losses from fair value changes arising from
the holding of financial assets and financial liabilities by 1,635,451.13
non-financial enterprises, as well as the gains and losses
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ZKTeco 2024 Q1 Report
arising from the disposal of financial assets and financial
liabilities except for effective hedging business related to
the normal operation of the Company
Capital occupancy fees charged to non-financial
10,644.45
enterprises included in current profits and losses
Other non-operating income and expenses other than the
189,944.64
above items
Less: income tax impact 846,942.22
Minority interest impact (after tax) 70,931.17
Total 5,122,886.04 --
Details of other profit and loss items that meet the definition of non-recurring profits and losses
□ Applicable Not applicable
The Company does not have other specific conditions of profit and loss items that meet the definition of non-recurring profits and
losses.
Explanations on classifying any non-recurring gain/loss item mentioned in the "Explanatory Announcement for Information Disclosure
by Companies that Issue Securities to the Public No. 1 -Non-recurring Gains and Losses" as recurring gain/loss item
□ Applicable Not applicable
The Company does not classify any non-recurring gain/loss item mentioned in the "Explanatory Announcement for Information
Disclosure by Companies that Issue Securities to the Public No. 1 -Non-recurring Gains and Losses" as recurring gain/loss item.
(III) Changes and Reasons for Changes in Key Accounting Data and Financial Indicators
Applicable □ Not applicable
December 31,
Balance Sheet Items March 31, 2024 Change ratio Reasons
2023
Mainly due to the implementation fee of the new ERP
Other non-current assets 23,158,491.21 16,884,605.85 37.16%
system paid in the current period
Mainly due to the payment of previous years' corporate
Taxes and dues payable 14,664,359.01 28,892,229.44 -49.24%
income tax in the current period
Mainly due to the repurchase of shares in the current
Treasury stock 59,683,228.10 784,700.00 7505.87%
period
January-March January-March
Income Statement Items Change ratio Reasons
2024 2023
Mainly due to the tax increase in the first quarter of this
Taxes and surcharges 5,753,958.79 2,815,533.99 104.36% year calculated and determined by local regulations for
some overseas subsidiaries
Mainly due to the year-on-year increase in R&D
Other income 5,343,759.73 3,354,811.90 59.29%
subsidies received by subsidiaries in the current period
Gains from changes in fair
236,066.72 0.00 100.00% Mainly due to the income from financial products
value
Losses from credit Mainly due to the decrease in accounts receivable at the
impairment (loss expressed 1,471,208.38 818,545.26 79.73% end of this period, resulting in the reversal of bad debt
with "-") reserves
January-March January-March
Cash Flow Statement Items Change ratio Reasons
2024 2023
Mainly due to a decrease in current mature financial
Net cash flows from
-51,857,022.79 8,704,305.63 -695.76% products and an increase in investment in ongoing
operating activities
projects
Net cash flows from Mainly due to the payment of stock repurchase funds
-69,620,223.57 -20,327,769.95 -242.49%
financing activities in the current period
Mainly due to a decrease in net cash flow from
Net increase in cash and
-58,904,092.39 49,073,776.48 -220.03% investing activities and financing activities in the
cash equivalents
current period
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ZKTeco 2024 Q1 Report
II. Shareholder Information
(I) Table of the Total Number of Common Shareholders and the Number of Preferred Shareholders with
Resumed Voting Rights and Information about Top Ten Shareholders
Unit: share
Total number of common Total number of preferred shareholders whose voting
shareholders at the end of the 19,470 rights have been recovered at the end of the reporting 0
reporting period period (if any)
Particulars about the top 10 shareholders (excluding shares lent through refinancing)
Number of Pledge, marking or frozen
Total shares
Name of Nature of Shareholding shares with
held at the
shareholder shareholder percentage (%) trading Share status Amount
period-end
restrictions
Shenzhen
Domestic non
ZKTeco Times
state-owned 30.05% 58,500,000.00 58,500,000.00 Not applicable 0.00
Investment Co.,
corporation
Ltd.
Domestic
Che Quanhong 17.48% 34,022,300.00 34,022,300.00 Not applicable 0.00
individual
Shenzhen JYSJ
Investment Domestic non
Enterprise state-owned 7.25% 14,107,600.00 10,580,700.00 Not applicable 0.00
(Limited corporation
Partnership)
Shenzhen
JYHY
Domestic non
Investment
state-owned 7.15% 13,921,050.00 10,440,787.00 Not applicable 0.00
Enterprise
corporation
(Limited
Partnership)
Dongguan LX
Investment
Domestic non
Partnership
state-owned 5.08% 9,880,000.00 9,880,000.00 Not applicable 0.00
Enterprise
corporation
(Limited
Partnership)
Shenzhen
JYLX
Domestic non
Consulting
state-owned 2.42% 4,717,910.00 3,561,285.00 Not applicable 0.00
Enterprise
corporation
(Limited
Partnership)
Shenzhen
JYQL
Investment Domestic non
Consulting state-owned 0.89% 1,724,900.00 1,322,100.00 Not applicable 0.00
Enterprise corporation
(Limited
Partnership)
Huaxin
Yuanchuang
(Qingdao) Others 0.87% 1,701,621.00 0.00 Not applicable 0.00
Investment
Management
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ZKTeco 2024 Q1 Report
Co., Ltd. -
Qingdao
Walden
Zhongxiang
Investment
Center (Limited
Partnership)
Hong Kong
Securities
Overseas
Clearing 0.36% 700,997.00 0.00 Not applicable 0.00
corporation
Company
Limited
Shenzhen
Gohedge Fund
Management
Co., Ltd. - Others 0.35% 688,580.00 0.00 Not applicable 0.00
Gohedge Pearl
No.1 Private
Equity Fund
Particulars about shares held by the Top 10 common shareholders holding shares that are not subject to trading restriction(s)
Types of shares
Name of shareholder Number of shares without trading restrictions
Types Amount
RMB
Shenzhen JYSJ Investment
3,526,900.00 denominated 3,526,900.00
Enterprise (Limited Partnership)
ordinary shares
RMB
Shenzhen JYHY Investment
3,480,263.00 denominated 3,480,263.00
Enterprise (Limited Partnership)
ordinary shares
Huaxin Yuanchuang (Qingdao)
Investment Management Co., Ltd. RMB
- Qingdao Walden Zhongxiang 1,701,621.00 denominated 1,701,621.00
Investment Center (Limited ordinary shares
Partnership)
RMB
Shenzhen JYLX Consulting
1,156,625.00 denominated 1,156,625.00
Enterprise (Limited Partnership)
ordinary shares
RMB
Hong Kong Securities Clearing
700,997.00 denominated 700,997.00
Company Limited
ordinary shares
Shenzhen Gohedge Fund RMB
Management Co., Ltd. - Gohedge 688,580.00 denominated 688,580.00
Pearl No.1 Private Equity Fund ordinary shares
Shenzhen Fuhai Juanyong I RMB
Venture Investment Fund (Limited 666,138.00 denominated 666,138.00
Partnership) ordinary shares
Shenzhen JYQL Investment RMB
Consulting Enterprise (Limited 402,800.00 denominated 402,800.00
Partnership) ordinary shares
Changjiang Wealth Asset
Management - Bank of Nanjing -
RMB
Changjiang Wealth - ZKTeco
379,592.00 denominated 379,592.00
Employee Strategic Placement
ordinary shares
No.1 Collective Asset
Management Plan
RMB
Zhuo Qiugang 299,790.00 299,790.00
denominated
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ZKTeco 2024 Q1 Report
ordinary shares
Shareholder Che Quanhong is elder brother of shareholder Che
Quanzhong from Shenzhen ZKTeco Times Investment Co., Ltd., and son
of Che Jun, partner of Dongguan LX Investment Partnership Enterprise
(Limited Partnership).
The shareholder Che Quanhong holds 76.02% of the equity of Shenzhen
ZKTeco Times Investment Co., Ltd., being the controlling shareholder of
Shenzhen ZKTeco Times Investment Co., Ltd. Meanwhile, Che Quanhong
Explanation on associated relationship and concerted holds 1.18% of the property share of shareholder Dongguan LX
actions among above shareholders Investment Partnership Enterprise (Limited Partnership).
Che Quanzhong, the younger brother of shareholder Che Quanhong, holds
a 23.98% equity in Shenzhen ZKTeco Times Investment Co., Ltd.
Che Jun, the father of shareholder Che Quanhong, holds 98.68% of the
property share of Dongguan LX Investment Partnership Enterprise
(Limited Partnership).
In addition, there is no affiliated relationship between the other
shareholders of the Company.
Among the top 10 shareholders, Shenzhen Gohedge Fund Management
Co., Ltd. - Gohedge Pearl No.1 Private Equity Fund held a total of 688,580
shares of the Company at the end of the reporting period, including
563,520 shares held through ordinary securities accounts and 125,060
Information on Top 10 shareholders of participating shares held through a margin account of CITIC Securities Co., Ltd.
in margin trading and short selling business (if any) Among the top 10 shareholders not subject to trading restrictions, at the
end of the reporting period, Zhuo Qiugang held a total of 299,790 shares
of the Company, including 0 share held through ordinary securities
accounts and 299,790 shares held through a margin account of Huatai
Securities Co., Ltd.
Note: Special explanations on the existence of repurchased accounts among the top 10 shareholders not subject to trading restrictions
As of March 31, 2024, the Company's repurchased account holds 2,230,000 ordinary shares, accounting for 1.15% of the current total
share capital of the Company. As required, it is not included in the list of the top 10 shareholders of the Company. It is hereby clarified.
Participation of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders of outstanding
shares not subject to trading restrictions in the lending of shares through refinancing
□ Applicable Not applicable
Changes to the top 10 shareholders and the top 10 shareholders of outstanding shares not subject to trading restrictions compared to
the previous period due to reasons related to lending/repayment through refinancing
□ Applicable Not applicable
(II) Table of the Total Number of Preferred Shareholders of the Company and the Shareholding of the Top
10 Preferred Shareholders
□ Applicable Not applicable
(III) Changes in Restricted Shares
□ Applicable Not applicable
III. Other Important Events
Applicable □ Not applicable
1. Matters related to the adjustment of investment projects with raised funds
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ZKTeco 2024 Q1 Report
The Company held the 9th Session of the Third Board Meeting and the 8th Session of the Third Supervisory Board Meeting on
April 22, 2024, and approved the "Proposal on Adjusting the Implementation Method, Total Investment Amount and Delay of Part of
the Raised Fund Investment Projects". The Company plans to change the investment in Tangxia R&D Center site in the "R&D Center
Construction Project" of the raised fund investment project from a newly built R&D site to the use of existing idle sites, and adjust the
corresponding total investment amount. The Company plans to postpone the "Hybrid Biometrics IoT Intelligent Industrial Base Project"
and "R&D Center Construction Project" to the date when the expected conditions for use are met. For details, please refer to the
"Announcement on Adjusting the Implementation Method, Total Investment Amount and Delay of Part of the Raised Fund Investment
Projects" (Announcement No. 2024-020) disclosed by ZKTeco on CNINFO (http://www.cninfo.com.cn).
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by: ZKTECO CO., LTD.
March 31, 2024
Unit: RMB
Item March 31, 2024 January 1, 2024
Current assets:
Monetary funds 1,884,448,540.69 1,990,924,954.78
Deposit reservation for balance
Lendings to banks and other financial
institutions
Trading financial asset 88,038,670.48 80,980,203.63
Derivative financial assets
Notes receivable
Accounts receivable 446,451,642.30 479,803,313.66
Receivable financing
Prepayment 28,917,055.59 23,457,907.24
Premiums receivable
Reinsurance accounts receivable
Reserves for reinsurance contract
receivable
Other receivables 34,630,409.43 32,744,574.20
Including: interest receivable
Dividends receivable
Buying back the sale of financial
assets
Inventories 384,035,852.46 372,714,784.31
Including: Data resources
Contract assets 282,186.31 282,186.31
Held-for-sale assets
Non-current assets due within one year 20,244,084.85 17,257,614.74
Other current assets 25,306,482.41 25,865,809.28
Total current assets 2,912,354,924.52 3,024,031,348.15
Non-current assets:
Loans and advances to customers
Debt investment 42,231,208.57 42,284,596.90
Other debt investment
Long-term receivables 2,575,324.44 2,447,228.23
Long-term equity investment 29,487,115.99 29,781,888.62
Other equity instrument investments
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ZKTeco 2024 Q1 Report
Other non-current financial assets
Investment real estate 22,735,195.83 23,145,488.85
Fixed assets 461,235,340.31 470,121,791.29
Construction in progress 175,005,695.51 138,986,483.73
Productive biological assets
Oil and gas assets
Right-of-use asset 34,668,280.03 38,669,718.86
Intangible assets 64,661,035.26 66,016,371.68
Including: Data resources
Development expenditures
Including: Data resources
Goodwill 505,680.37 504,803.72
Long-term deferred expenses 3,736,506.27 3,768,847.81
Deferred income tax assets 70,340,360.87 67,257,559.01
Other non-current assets 23,158,491.21 16,884,605.85
Total non-current assets 930,340,234.66 899,869,384.55
Total assets 3,842,695,159.18 3,923,900,732.70
Current liabilities:
Short-term loan
Borrowings from the Central Bank
Borrowings from banks and other
financial institutions
Trading financial liabilities
Derivative financial liabilities
Notes payable 109,360,178.00 122,573,544.09
Accounts payable 214,997,773.19 245,084,182.32
Advances from customer
Contract liabilities 80,014,301.44 65,331,106.17
Financial assets sold for repurchase
Deposit from customers and interbank
Acting trading securities
Acting underwriting securities
Payroll payable 52,007,326.34 56,630,101.98
Taxes and dues payable 14,664,359.01 28,892,229.44
Other payables 40,586,069.69 36,735,314.36
Including: interest payable
Dividends payable
Handling charges and commissions
payable
Reinsurance accounts receivable
Liabilities held for sale
Non-current liabilities due within one
16,818,104.97 21,094,682.36
year
Other current liabilities 14,573,690.68 16,463,934.35
Total current liabilities 543,021,803.32 592,805,095.07
Non-current liabilities:
Reserves for insurance contracts
Long-term loan 7,339,071.56 7,810,405.04
Bonds payable
Including: preferred stock
Perpetual bonds
Lease liabilities 19,799,481.86 19,713,286.21
Long-term payables
Long-term payroll payable
Estimated liabilities 600,000.00 600,000.00
Deferred income 1,807,011.40 1,853,549.62
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ZKTeco 2024 Q1 Report
Deferred tax liability 10,057,736.55 10,329,053.48
Other non-current liabilities
Total non-current liabilities 39,603,301.37 40,306,294.35
Total liabilities 582,625,104.69 633,111,389.42
Owner's equity:
Share capital 194,679,508.00 194,679,508.00
Other equity instruments
Including: preferred stock
Perpetual bonds
Capital reserve 2,079,667,212.27 2,075,479,375.13
Less: treasury stock 59,683,228.10 784,700.00
Other comprehensive income 24,206,218.33 28,000,959.19
Special reserve
Surplus reserves 60,455,422.50 60,455,422.50
General risk reserves
Undistributed profits 933,917,521.11 907,583,024.38
Total owner's equity attributable to the
3,233,242,654.11 3,265,413,589.20
parent company
Minority interests 26,827,400.38 25,375,754.08
Total owner's equity 3,260,070,054.49 3,290,789,343.28
Total liabilities and owner's equity 3,842,695,159.18 3,923,900,732.70
Legal Representative: Jin Hairong. Person in charge of accounting work: Wang Youwu. Person in charge of accounting institution:
Fang Li
2. Consolidated Income Statement
Unit: RMB
Item 2024 Q1 2023 Q1
I. Total operating revenue 399,677,922.33 403,022,827.48
Including: operating revenue 399,677,922.33 403,022,827.48
Interest income
Premium earned
Revenue from handling
charges and commissions
II. Total operating cost 378,734,196.82 366,431,964.03
Including: operating cost 201,116,936.42 206,936,533.66
Interest expense
Expenses from handling
charges and commissions
Surrender value
Net payments for insurance
claims
Net provisions for policy
reserves
Policy dividend expenses
Reinsurance expenses
Taxes and surcharges 5,753,958.79 2,815,533.99
Selling expenses 104,329,442.47 89,773,070.43
Administrative expenses 25,327,005.16 27,990,999.21
R&D expenses 51,910,740.47 47,376,880.92
Financial expenses -9,703,886.49 -8,461,054.18
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ZKTeco 2024 Q1 Report
Including: interest expenses 421,820.99 770,609.19
Interest income 13,367,815.49 15,105,655.30
Plus: other income 5,343,759.73 3,354,811.90
Investment income ( loss
1,890,785.10 1,975,900.37
expressed with "-")
Including: income from
investment in associates and joint -314,021.14 806,641.55
ventures
Gains from
derecognition of financial assets
measured at amortized cost
Gains from foreign exchange
(loss expressed with "-")
Gains from net exposure hedging
(loss expressed with "-")
Gains from changes in fair value
236,066.72
(loss expressed with "-")
Losses from credit impairment
1,471,208.38 818,545.26
(loss expressed with "-")
Losses from impairment of assets
-2,438,868.00 -3,282,698.64
(loss expressed with "-")
Gains from disposal of assets
-39,306.15 -203,207.68
(loss expressed with "-")
III. Operating profit (loss expressed with
27,407,371.29 39,254,214.66
"-")
Plus: non-operating revenue 291,427.78 96,744.56
Less: non-operating expenditure 101,483.14 304,657.32
IV. Total profit (loss expressed with "-") 27,597,315.93 39,046,301.90
Less: income tax expenses 264,464.17 1,529,528.60
V. Net profit (loss expressed with "-") 27,332,851.76 37,516,773.30
(I) Classification by business
continuity
1. Net profit from continuing
27,332,851.76 37,516,773.30
operations (net loss expressed with "-")
2. Net profit from discontinued
operations (net loss expressed with "-")
(II) Classification by ownership
1. Net profits attributable to owners
26,334,496.73 31,690,542.22
of parent company
2. Minority shareholders' profit and
998,355.03 5,826,231.08
loss
VI. Other comprehensive income - after
-3,505,044.17 -4,779,705.56
tax
Net of tax of other comprehensive
income attributable to the owner of the -3,794,740.86 -4,816,630.30
parent company
Other comprehensive income that
cannot be transferred to profit or loss
1. Changes in re-measurement of
the defined benefit plan
2. Other comprehensive income
that cannot be transferred to profit or loss
under the equity method
3. Changes in fair value of other
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ZKTeco 2024 Q1 Report
equity instrument investments
4. Changes in the fair value of the
Company's own credit risk
5. Other
(2) Other comprehensive income
-3,794,740.86 -4,816,630.30
that will be reclassified into profit or loss
1. Other comprehensive income
that can be transferred to profit or loss
under the equity method
2. Changes in fair value of other
debt investments
3. Amount of financial assets
reclassified into other comprehensive
income
4. Provision for credit impairment
of other debt investments
5. Cash flow hedging reserve
6. Translation difference of
-3,794,740.86 -4,816,630.30
foreign currency financial statements
7. Others
After-tax net amount of other
comprehensive income attributable to the 289,696.69 36,924.74
minority shareholders
VII. Total comprehensive income 23,827,807.59 32,737,067.74
Total comprehensive income
attributable to owners of the parent 22,539,755.87 26,873,911.92
company
Total comprehensive income
1,288,051.72 5,863,155.82
attributable to minority shareholders
VIII. Earnings per share(EPS):
(I) Basic EPS 0.1363 0.2098
(II) Diluted EPS 0.1357 0.2121
In the event of a merger of enterprise under the same control in the current period, the net profit realized by the combined party before
the merger is RMB, and the net profit realized by the combined party in the previous period is RMB.
Legal Representative: Jin Hairong Person in charge of accounting work: Wang Youwu Person in charge of accounting institution:
Fang Li
3. Consolidated Cash Flow Statement
Unit: RMB
Item 2024 Q1 2023 Q1
I. Cash flows from operating activities:
Cash received from sale of goods and
525,769,205.79 453,759,458.45
rendering of services
Net increase in deposits from
customers and deposits in banks and
other financial institutions
Net increase in borrowings from the
Central Bank
Net increase in borrowings from banks
and other financial institutions
Cash received from receiving
insurance premiums of original insurance
contracts
Net cash received from reinsurance
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ZKTeco 2024 Q1 Report
business
Net increase in deposits and
investments from policyholders
Cash received from interest, handling
fees and commissions
Net increase in borrowings from banks
and other financial institutions
Net capital increase in repurchase
business
Net cash received from vicariously
traded securities
Refund of taxes and surcharges 21,527,469.95 21,026,770.27
Cash received from other operating
31,058,775.61 14,989,016.60
activities
Subtotal of cash inflows from operating
578,355,451.35 489,775,245.32
activities
Cash paid for purchase of goods and
262,354,081.90 207,708,632.71
rendering of services
Net increase in loans and advances to
customers
Net increase in deposits in Central
Bank and other banks and financial
institutions
Cash paid for original insurance
contract claims
Net increase in lendings to banks and
other financial institutions
Cash paid for interest, handling fees
and commissions
Cash paid for policy dividends
Cash paid to and for employees 143,124,378.64 125,445,116.49
Payments of all types of taxes 30,521,553.88 13,491,315.70
Other cash payments relating to
80,839,313.68 78,760,281.87
operating activities
Subtotal of cash outflows from operating
516,839,328.10 425,405,346.77
activities
Net cash flows from operating activities 61,516,123.25 64,369,898.55
II. Cash flows from investing activities:
Cash received from disinvestment 391,746,892.28 485,364,529.75
Cash received from investment
1,403,273.88 756,078.92
income
Net cash received from disposal of
fixed assets, intangible assets and other 52,261.44 178,690.17
long-term assets
Net cash received from disposal of
subsidiaries and other business units
Cash received from other investing
68,155.00
activities
Subtotal of cash inflows from investing
393,270,582.60 486,299,298.84
activities
Cash paid to acquire and construct
fixed assets, intangible assets and other 67,171,779.69 18,760,852.38
long-term assets
Cash paid for investments 377,955,825.70 458,834,140.83
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ZKTeco 2024 Q1 Report
Net increase in pledge loans
Net cash paid to acquire subsidiaries
and other business units
Cash paid for other investing activities
Subtotal of cash outflows from investing
445,127,605.39 477,594,993.21
activities
Net cash flows from operating activities -51,857,022.79 8,704,305.63
III. Cash flows from financing activities:
Cash received from investors
Including: cash received by
subsidiaries from the absorption of
minority shareholders' investments
Cash received from borrowings
Cash received from other financing
1,678,200.00
activities
Subtotal of cash inflows from financing
1,678,200.00
activities
Cash paid for debt repayments 461,997.06
Cash paid for distribution of dividends
40,620.29 12,487,260.75
and profits or payment of interest
Including: dividends and profits
paid to minority shareholders by 12,487,260.75
subsidiaries
Cash paid for other financing activities 70,795,806.22 7,840,509.20
Subtotal of cash outflows from financing
71,298,423.57 20,327,769.95
activities
Net cash flows from financing activities -69,620,223.57 -20,327,769.95
IV. Effect of exchange rate changes on
1,057,030.72 -3,672,657.75
cash and cash equivalents
V. Net increase in cash and cash
-58,904,092.39 49,073,776.48
equivalents
Plus: beginning balance of cash and
1,317,020,553.02 1,077,608,258.10
cash equivalents
VI. Closing balance of cash and cash
1,258,116,460.63 1,126,682,034.58
equivalents
(II) Implementation of new accounting standards adjustment for the first time starting from
2024. Relevant project information on financial statements at the beginning of the year
□ Applicable Not applicable
(III) Audit Report
Whether the 2024 1st Quarter Report has been audited
□ Yes No
The Company's Q1 Report has not been audited.
ZKTECO CO., LTD.
Board of Directors
April 26, 2024
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