2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
1
Stock Code: 002236 Stock Abbreviation: Dahua Notification No.: 2021-117
Zhejiang Dahua Technology Co., Ltd.
2021 Q3 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 Notice:
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. Whether the Q3 report has been audited.
□ Yes √ No
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
The Current
Reporting Period
Increase/Decrease of
the Current Reporting
Period
Compared with the
Same Period of the
Previous Year
From the Beginning of
the Year to the End of
the Current Reporting
Period
Increase/Decrease of the
Period from the Beginning of
the Year to the End of the
Current Reporting Period
Compared with the Same
Period of the Previous Year
Operating Revenue
(RMB)
7,980,099,801.37 26.11% 21,485,105,535.26 32.90%
Net Profit Attributable
to Shareholders of the
Listed Company
(RMB)
755,871,328.43 -48.09% 2,399,047,215.98 -15.08%
Net Profit Attributable
to Shareholders of the
Listed Company After
Deducting
Non-Recurring Gains
and Losses (RMB)
698,121,885.20 56.50% 2,137,713,932.42 23.12%
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
2
Net Cash Flow
Generated by
Operational Activities
(RMB)
—— —— -1,213,296,065.50 -195.69%
Basic Earnings per
Share (RMB/Share)
0.26 -48.00% 0.81 -16.49%
Diluted Earnings per
Share (RMB/Share)
0.26 -48.00% 0.81 -16.49%
Weighted Average
ROE
3.45% -4.75% 11.36% -5.15%
At the End of the
Current Reporting
Period
At the End of the
Previous Year
Increase/Decrease at the End of the Current
Reporting Period Compared with the End of the
Previous Year
Total Assets (RMB) 41,530,189,083.92 36,595,034,080.75 13.49%
Owners' Equity
Attributable to
Shareholders of the
Listed Company (Unit:
RMB)
22,659,120,581.70 19,773,030,426.40 14.60%
(II) Non-recurring Gains or Losses and Their Amounts
√ Applicable □ Not applicable
Unit: RMB
Item
Amount in the
Current Reporting
Period
The Amount from the
Beginning of the Year to
the End of the Current
Reporting Period
Profits or losses from disposal of non-current assets (including the write-off
for the accrued impairment of assets)
19,464,968.29 52,091,462.91
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 policies, and consecutively received
by a standard quota or quantity)
56,971,239.95 128,060,831.11
Gains or losses from investment or asset management entrusted to others 38,009,608.95 110,959,301.55
Profits and losses resulting from the changes in fair value for holding
trading financial assets and trading financial liabilities, 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
-6,466,471.78 71,959,225.75
Non-operating revenue and expenses other than the above -4,145,081.84 -2,075,738.28
Other gains and losses items that fit the definition of non-recurring gains
and losses
5,848.54 175,494.33
Less: Impact of income tax 21,734,984.55 64,705,465.34
Impact of minority equity (after tax) 24,355,684.33 35,131,828.47
Total 57,749,443.23 261,333,283.56
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.
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
3
Note for the definition of 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.
□ 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) The Changes in Key Accounting Data and Financial Indicators and the Reasons
√ Applicable □ Not applicable
(I) The changes of assets and liabilities and the reasons
1. Trading financial assets increased by 237.08% compared with the end of the previous year, mainly
due to changes in the fair value of derivative financial instruments in this period;
2. Prepayments increased by 47.69% compared with the end of the previous year, mainly due to the
Company's increased stocking;
3. Other receivables decreased by 37.58% compared with the end of the previous year, mainly due to
the collection of RMB360 million equity transfer receivables of the previous year in the period;
4. Inventory increased by 68.08% compared with the end of the previous year, mainly due to the rising
price of raw materials, the Company's increased stocking for expansion;
5. Other current assets increased by 112.20% compared with the end of the previous year, mainly due to
the reverse repurchase of RMB350 million treasury bonds in the current period compared with the end of
the previous year and the increase in input tax to be deducted;
6. Long-term equity investment increased by 138.97% compared with the end of the previous year,
mainly due to changes in owners' equity of the Company's associates in the current period, and the
recognition of corresponding shares by the Company accordingly according to the shareholding ratio;
7. Other non-current financial assets increased by 164.60% compared with the end of the previous year,
mainly due to investment of RMB500 million in new asset management plans in this period;
8. Fixed assets increased by 36.28% compared with the end of the previous year, mainly due to the
completion of the Dahua Intelligent (IoT) Industrial Park Construction Project Phase II and its transfer
into fixed assets;
9. The right-of-use assets increased by 100% compared with the end of the previous year, mainly due to
the implementation of the new lease standards and related statement adjustment in this period.
10. Intangible assets increased by 44.65% compared with the end of the previous year, mainly due to the
newly purchased land in this period.
11. Long-term deferred expenses increased by 44.09% compared with the end of the previous year,
mainly due to increase in fees for premise decoration in this period;
12. Short-term loans increased by 220.17% compared with the end of the previous year, mainly due to
the increase of short-term bank borrowings in this period;
13. Contract liabilities increased by 49.77% compared with the end of the previous year, mainly due to
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
4
the increase of contract advances received in this period;
14. The salary payable to employees decreased by 36.38% compared with end of the previous year,
mainly due to the issuance of year-end bonus in this period;
15. The taxes payable decreased by 46.48% compared with the end of the previous year, mainly due to
the decrease in VAT payable and corporate income tax payable;
16. Other payables decreased by 34.74% compared with the end of the previous year, mainly due to the
reduction of obligation to repurchase restricted stocks;
17. Non-current liabilities due within one year increased by 473.12% compared with the end of the
previous year, mainly due to the increase in long-term bank borrowings due within one year and lease
liabilities due within one year;
18. Long-term borrowings increased by 76.88% compared with the end of the previous year, mainly due
to the increase of long-term bank borrowings in this period;
19. Lease liabilities increased by 100% compared with the end of the previous year, mainly due to the
implementation of the new lease standards and related statement adjustments in this period;
20. Capital reserve increased by 48.14% compared with the end of the previous year, mainly due to the
confirmed increase of other rights and interests of shareholding companies in this period;
21. Treasury shares decreased by 52.37% compared with the end of the previous year, mainly due to
the reduction of repurchase obligation due to the unlocking of restricted stocks;
22. Other comprehensive incomes increased by 45.34% compared with the end of the previous year,
mainly due to the increase brought by foreign currency statement translation.
(II) The changes of items in the income statement and the reasons
1. Operating revenue increased by 32.90% compared with same period of the previous year, mainly due
to expansion of the company's sales scale;
2. Operating cost increased by 43.57% compared with same period of the previous year, mainly due to
cost increase arising from rising revenue;
3. Financial expenses decreased by 46.34% compared with same period of the previous year, mainly
due to the increase in interest income and the decrease in exchange losses compared with same period
of the previous year;
4. Investment income decreased by 113.26% compared with same period of the previous year, mainly
due to the decrease of equity transfer income and the increase in investment losses recognized for
shareholding companies compared with the same period of the previous year;
5. Income from changes in fair value increased by 768.60% compared with same period of the previous
year, mainly due to fair value changes of asset management plans in this period;
6. Credit impairment losses increased by 103.64% compared with same period of the previous year,
mainly due to the increase in provision for bad debts accrued in this period compared with the same
period of the previous year;
7. Asset impairment losses decreased by 66.11% compared with same period of the previous year,
mainly due to the decrease of accrued reserve for stock depreciation in this period compared with the
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
5
same period of the previous year;
8. Income from disposal of assets increased by 48262.64% compared with same period of the previous
year, mainly due to the increase in fixed assets disposal in this 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 flows from operating activities decreased by 195.69% compared with same period of the
previous year, mainly due to the Company's increased stocking in this period;
2. The net cash flows from investment activities decreased by 358.03% compared with same period of
the previous year, mainly due to the increase in expenses for acquisition and construction of fixed assets,
the increase of net cash outflows from entrusted wealth management and investments in financial
derivatives, and decrease in cash received from disposal of subsidiaries in this period compared with the
same period of the previous year.
II. Information on Shareholders
(I) The total number of common shareholders, the number of preferred shareholders with
restored voting rights and shareholding status of the top 10 shareholders
Unit: share
Total Number of Common Shareholders at
The End of The Reporting Period
107,122
Total Number of Preferred Shareholders (If
Any) Whose Voting Rights have been
Recovered at the End of the Reporting Period
0
The shareholdings of the top 10 shareholders
Name of Shareholder
Nature of
Shareholder
Shareholding
Percentage
Number of
Shares
Held
Number of
Shares Held with
Limited Sales
Conditions
Pledged, Marked or Frozen
Shares
State Of
Shares
Number
Fu Liquan
Domestic
Natural
Person
34.18%
1,023,868,9
80
767,901,735 Pledge 196,127,942
Zhu Jiangming
Domestic
Natural
Person
5.36%
160,577,49
0
120,433,117 Pledge 20,300,000
Hong Kong Securities Clearing
Co. Ltd.
Overseas
Legal Person
4.63%
138,731,26
7
0
Chen Ailing
Domestic
Natural
Person
2.38% 71,262,813 53,447,110 Pledge 21,100,000
Wu Jun
Domestic
Natural
Person
2.31% 69,250,886 51,938,164
China Galaxy Securities Co.,
Ltd.
State-owned
Legal Person
1.43% 42,799,551 0
Industrial and Commercial
Bank of China Limited - Zhong
Ou China Value Premier
Selection Return Hybrid
Securities Investment Fund
Others 1.38% 41,483,700 0
China Securities Finance Co.,
Ltd.
Domestic
Non-state-ow
ned Legal
1.32% 39,611,241 0
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
6
Person
Agricultural Bank of China Co.,
Ltd.- China International Fund
Management Emerging Power
Hybrid Securities Investment
Fund
Others 0.96% 28,866,428 0
Shanghai Greenwoods Assets
Management Co., Ltd. -
Greenwoods Global Fund
Others 0.87% 26,096,493 0
Shareholding List of Top Ten Shareholders Without Limited Sales Condition
Name of Shareholder
Number of Shares Held without Limited
Sales Condition
Type of Shares
Type of Shares Number
Fu Liquan 255,967,245
RMB common
stock
255,967,245
Hong Kong Securities Clearing Co. Ltd. 138,731,267
RMB common
stock
138,731,267
China Galaxy Securities Co., Ltd. 42,799,551
RMB common
stock
42,799,551
Industrial and Commercial Bank of China
Limited - Zhong Ou China Value Premier
Selection Return Hybrid Securities
Investment Fund
41,483,700
RMB common
stock
41,483,700
Zhu Jiangming 40,144,373
RMB common
stock
40,144,373
China Securities Finance Co., Ltd. 39,611,241
RMB common
stock
39,611,241
Agricultural Bank of China Co., Ltd.- China
International Fund Management Emerging
Power Hybrid Securities Investment Fund
28,866,428
RMB common
stock
28,866,428
Shanghai Greenwoods Assets Management
Co., Ltd. - Greenwoods Global Fund
26,096,493
RMB common
stock
26,096,493
National Social Security Fund 111 24,137,331
RMB common
stock
24,137,331
China Merchants Bank Co., Ltd. - Yinhua
Xinyi Flexible Allocation Hybrid Securities
Investment Fund
22,112,659
RMB common
stock
22,112,659
Description of the Association Relationship or
Concerted Action of Above-Mentioned
Shareholders
Mr. Fu Liquan And Ms. Chen Ailing Are Husband and Wife. The Company
Is Unaware of Whether Other Shareholders Have Associated Relationship
or Are Persons Acting in Concert.
Explanation on Top Ten Shareholders’
Participation in Securities Margin Trading (If
Any)
N/A
(II) The total number of preferred shareholders and the shareholdings of the top 10 preferred
shareholders
□ Applicable √ Not applicable
III. Other Significant Matters
√ Applicable □ Not applicable
1. On March 26, 2021, the Proposal on the Company’s Plan for the Non-public Issuance of Shares
in 2021 and other related proposals were reviewed and approved at the Company's 12th session of the
7th board of directors and the 8th session of the 7th board of supervisors. The company planned to issue
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
7
312,151,600 non-public shares, and the total amount of funds raised did not exceed RMB 5.6 billion
(inclusive). The target company of this non-public issuance is China Mobile Capital Holdings Co., Ltd.,
which is the wholly-owned subsidiary of China Mobile Communications Group Co., Ltd.,. Matters related
to the non-public issuance have been reviewed and approved by the 2020 shareholders’ meeting.
The Company disclosed, respectively on June 3, 2021 and June 17, 2021, the Announcement on
the Acceptance of the Non-public Issuance Application by the CSRC and the Announcement on
Receiving the First Feedback Given by the CSRC on the Review of Administrative Permits
(Announcement number: 2021-073, 2021-078).
On July 5, 2021, the Proposal on Adjusting the Company’s Plan for the Non-public Issuance of
Shares in 2021 and other proposals related to the issuance were reviewed and approved at the
Company’s 19th session of the 7th board of directors and the 12th session of the 7th board of supervisors.
As adjusted, the company planned to issue no more than 288,624,700 non-public shares, and the total
amount of funds raised will not exceed RMB 5.1 billion (inclusive). The target company of this non-public
issuance is China Mobile Capital Holdings Co., Ltd., which is the wholly-owned subsidiary of China
Mobile Communications Group Co., Ltd. On the same day, the Company disclosed the Reply of Zhejiang
Dahua Technology Co., Ltd. to the Feedback on the Application for the Non-public Issuance of Shares.
The non-public issuance plan can only be implemented after being approved by the CSRC. The
announcements above have been disclosed through the designated media Securities Times and Juchao
Information Network (http://www.cninfo.com.cn).
2. On September 28, 2021, the Proposal on Preparing the Spin-off Listing of the Holding Subsidiary
was reviewed and approved at the 21st session of the 7th board of directors and the 14th session of the
7th board of supervisors. The Company's board of directors authorized the management to launch the
preliminary preparation for the spin-off listing of its holding subsidiary Zhejiang Huarui Technology Co.,
Ltd. on a domestic stock exchange, which includes but is not limited to verifying the feasibility plan,
preparing the listing plan, signing agreements involved in the preparation, and other matters related to
the listing, as well as submitting the listing plan and other matters related to the listing respectively to the
board of directors and shareholders' meeting for review after the spin-off listing plan is determined. For
more details, see the Indicative Announcement on Preparing the Spin-off Listing of the Holding
Subsidiary (Announcement No.2021-113) disclosed by the Company on September 29, 2021.
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by: Zhejiang Dahua Technology Co., Ltd.
September 30, 2021
Unit: RMB
Item September 30, 2021 December 31, 2020
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
8
Current Assets:
Cash and Bank Balances 5,900,823,999.97 7,471,652,634.66
Deposit Reservation for Balance
Loans to Banks and Other Financial Institutions
Trading Financial Assets 8,345,068.23 2,475,680.45
Derivative Financial Assets
Notes Receivable 701,638,559.29 232,857,354.55
Accounts Receivable 13,371,801,715.74 12,857,519,110.16
Receivables Financing 598,769,005.58 1,207,879,654.58
Prepayments 239,634,123.12 162,250,648.05
Premium Receivable
Reinsurance Accounts Receivable
Reinsurance Contract Reserves Receivable
Other Receivables 605,771,161.97 970,427,893.48
Including: Interest Receivable
Dividends Receivable
Buying Back the Sale of Financial Assets
Inventory 8,283,057,482.39 4,928,019,838.00
Contract Assets 85,259,302.29 84,825,834.82
Holding For-sale Assets
Non-current Assets Due within 1 Year 612,170,843.45 635,956,549.07
Other Current Assets 1,185,003,174.64 558,434,219.93
Subtotal of Current Assets 31,592,274,436.67 29,112,299,417.75
Non-current Assets:
Granting of Loans and Advances
Investment in Creditor's Rights
Investment in Other Creditor's Rights
Long-term Receivables 2,001,039,216.28 2,250,315,769.50
Long-term Equity Investment 1,089,634,983.73 455,977,616.16
Investment in Other Equity Instruments
Other Non-current Financial Assets 952,809,855.12 360,087,786.34
Investment Property 321,183,939.71 336,008,869.13
Fixed Assets 2,065,446,363.02 1,515,594,629.97
Projects under Construction 1,471,737,678.05 1,164,130,453.03
Productive Biological Assets
Oil and Gas Assets
Right-of-use Assets 255,393,988.22
Intangible Assets 588,418,323.99 406,777,323.39
Development Expenditure
Goodwill 42,685,490.30 42,685,490.30
Long-term Deferred Expenses 46,512,381.53 32,280,430.67
Deferred Income Tax Assets 1,011,564,028.24 832,453,676.69
Other Non-current Assets 91,488,399.06 86,422,617.82
Subtotal of Non-current Assets 9,937,914,647.25 7,482,734,663.00
Total Assets 41,530,189,083.92 36,595,034,080.75
Current Liabilities:
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
9
Short-term Loan 800,996,316.75 250,177,083.34
Borrowings from the Central Bank
Borrowings from Banks and Other Financial Institutions
Transactional Financial Liabilities
Derivative Financial Liabilities
Notes Payable 4,057,933,186.57 3,258,552,758.17
Accounts Payable 6,612,618,680.99 6,444,787,705.28
Received Prepayments
Contract Liabilities 1,005,120,996.39 671,120,385.08
Financial Assets Sold for Repurchase
Deposit Taking and Interbank Deposit
Receiving from Vicariously Traded Securities
Receiving from Vicariously Sold Securities
Payroll Payable 1,148,623,235.11 1,805,464,535.31
Tax Payable 481,784,866.40 900,144,863.67
Other Payables 633,378,687.35 970,552,877.22
Including: Interest Payable
Dividends Payable 16,060,762.89 12,982,399.27
Service Charge and Commission Payable
Reinsurance Accounts Payable
Holding For-sale Liabilities
Non-current Liabilities Due within 1 Year 870,522,409.77 151,891,709.34
Other Current Liabilities 246,359,645.17 209,401,914.77
Subtotal of Current Liabilities 15,857,338,024.50 14,662,093,832.18
Non-current Liabilities:
Insurance Contract Reserves
Long-term Loan 1,553,000,000.00 878,000,000.00
Bonds Payable
Including: Preferred Stocks
Perpetual Bonds
Lease Liabilities 144,547,776.98
Long-term Payables
Long-term Payroll Payable
Expected Liabilities 260,155,803.24 282,427,517.82
Deferred Income 105,117,255.53 110,469,806.29
Deferred Income Tax Liabilities 75,145,796.36 67,272,768.46
Other Non-current Liabilities 353,000,628.39 391,128,045.90
Subtotal of Non-current Liabilities 2,490,967,260.50 1,729,298,138.47
Total Liabilities 18,348,305,285.00 16,391,391,970.65
Shareholders' Equity:
Share Capital 2,994,550,730.00 2,995,579,590.00
Other Equity Instruments
Including: Preferred Stocks
Perpetual Bonds
Capital Reserves 2,947,512,711.28 1,989,655,334.05
Less: Treasury Share 277,169,524.09 581,968,930.89
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
10
Other Comprehensive Incomes 88,887,058.73 61,157,523.13
Special Reserves
Surplus Reserves 1,553,691,005.92 1,553,691,005.92
General Risk Reserves
Undistributed Profits 15,351,648,599.86 13,754,915,904.19
Total Shareholders' Equity Attributable to the Parent
Company
22,659,120,581.70 19,773,030,426.40
Minority Shareholders' Equity 522,763,217.22 430,611,683.70
Total Shareholders' Equity 23,181,883,798.92 20,203,642,110.10
Total Liabilities and Shareholders' Equity 41,530,189,083.92 36,595,034,080.75
Legal representative: Fu Liquan Person in charge of accounting: Xu Qiaofen Person in charge of the accounting institution: Zhu Zhuling
2. Consolidated Income Statement for the Period from the Beginning of the Year to the End of the
Reporting Period
Unit: RMB
Item
Amount Occurred in the
Current Period
Amount Occurred in the
Previous Period
I. Total Operating Revenue 21,485,105,535.26 16,166,204,673.11
Including: Operating Revenue 21,485,105,535.26 16,166,204,673.11
Interest Income
Earned Premiums
Service Charge and Commission Income
II. Total Operating Cost 19,336,098,032.94 14,615,868,742.24
Including: Operating Cost 12,768,127,643.67 8,893,029,099.00
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 129,966,366.70 101,226,426.00
Sales Expenses 3,336,109,794.23 2,801,268,128.70
Administration expenses 644,478,415.71 560,596,447.94
Research and development expense 2,364,208,725.24 2,086,062,696.34
Financial Expenses 93,207,087.39 173,685,944.26
Including: interest expenses 69,224,790.43 52,037,364.71
Interest Income 165,190,467.12 118,510,356.09
Add: Other Income 701,607,327.67 694,649,909.73
Investment Income (Mark "-" for Loss) -142,801,874.09 1,076,630,992.13
Including: Investment Income from Affiliates and
Joint Ventures
-207,504,221.59 -76,758,388.98
Profits from recognition Termination of Financial
Assets at Amortized Cost
Exchange Gains (Mark "-" for Losses)
Profit of Net Exposure Hedging (Mark "-" for Loss)
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
11
Incomes from Changes in Fair Value (losses marked
with "-")
138,013,394.47 15,889,143.16
Credit Impairment Losses (Mark "-" for Loss) -442,062,567.25 -217,078,819.11
Asset Impairment Losses (Mark "-" for Loss) -35,822,007.91 -105,692,735.50
Asset Disposal Income (Mark "-" for Loss) 33,064,078.63 68,366.98
III. Operating Profit (Mark "-" for Loss) 2,401,005,853.84 3,014,802,788.26
Add: Non-operating Revenues 9,559,210.80 8,100,433.16
Less: Non-operating Expenses 12,094,457.42 13,141,979.08
IV. Total Profit (Mark "-" for Total Loss) 2,398,470,607.22 3,009,761,242.34
Less: Income Tax Expense -12,527,132.44 191,074,833.54
V. Net Profit (Mark "-" for Net Loss) 2,410,997,739.66 2,818,686,408.80
(I) Classified by Operation Continuity
1. Net Profit as a Going Concern (Mark "-" for Net Loss) 2,410,997,739.66 2,818,686,408.80
2. Net Profit of Discontinued Operation (Mark "-" for Net
Loss)
(II) Classified by the Attribution of Ownership
1. Net Profit Attributable to the Parent Company's Owner 2,399,047,215.98 2,825,124,363.85
2. Minority Shareholders' Profit and Loss 11,950,523.68 -6,437,955.05
VI. Net Amount of Other Comprehensive Incomes after Tax 27,658,548.27 26,522,004.96
Net Amount of Other Comprehensive Incomes after Tax
Attributable to the Parent Company's Owner
27,729,535.60 26,521,962.03
(1) Other Comprehensive Income that Cannot Be
Reclassified as P/L
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 that Will Be
Reclassified As P/L
27,729,535.60 26,521,962.03
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 Difference 34,171,086.70 26,521,962.03
7. Others -6,441,551.10
Net Amount of Other Comprehensive Incomes After Tax
Attributable to Minority Shareholders
-70,987.33 42.93
VII. Total Comprehensive Income 2,438,656,287.93 2,845,208,413.76
Total Comprehensive Income Attributable to the Parent
Company's Owner
2,426,776,751.58 2,851,646,325.88
Total Comprehensive Income Attributable to Minority 11,879,536.35 -6,437,912.12
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
12
Shareholders
VIII. Earnings per Share:
(I) Basic Earnings per Share 0.81 0.97
(II) Diluted Earnings per Share 0.81 0.97
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 for the Period from the Beginning of the Year to the End of
the Reporting Period
Unit: RMB
Item
Amount Occurred in the
Current Period
Amount Occurred in the
Previous Period
I. Cash Flow Generated by Operational Activities:
Cash from Sales of Merchandise and Provision of
Services
23,072,421,222.54 19,198,302,426.38
Net Increase in Customer's Bank Deposits and Interbank
Deposits
Net Increase in Borrowings from the Central Bank
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 1,621,238,401.84 1,572,217,203.40
Other Received Cashes Related to Operational Activities 395,183,997.84 248,856,876.82
Subtotal of cash inflow from operational activities 25,088,843,622.22 21,019,376,506.60
Cash Paid for Merchandise and Services 17,442,233,566.18 12,357,110,067.90
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 5,454,101,974.31 4,412,528,770.59
Cash Paid for Taxes and Surcharges 1,705,099,375.11 1,602,848,395.17
Other Paid Cashes Related to Operational Activities 1,700,704,772.12 1,378,932,526.92
Subtotal of Cash Outflow from Operational Activities 26,302,139,687.72 19,751,419,760.58
Net Cash Flow Generated by Operating Activities -1,213,296,065.50 1,267,956,746.02
II. Cash Flow from Investment Activities:
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
13
Cash Arising from Disposal of Investments 913,324,136.74 1,013,800,000.00
Cash Arising from Investment Incomes 28,141,454.98 15,466,185.40
Net Cash Arising from Disposal of Fixed Assets,
Intangible Assets and Other Long-term Assets
48,160,497.82 1,174,856.98
Net Cash Arising from Disposal of Subsidiaries and
Other Business Units
360,000,000.00 603,416,723.92
Other Received Cashes Related to Investment Activities 40,401,379.14 87,990,213.91
Subtotal of cash inflow from investment activities 1,390,027,468.68 1,721,847,980.21
Cash Paid for Purchase and Construction of Fixed
Assets, Intangible Assets and Other Long-term Assets
872,761,833.74 418,198,952.95
Cash Paid for Investments 1,777,000,000.00 1,495,244,946.22
Net Increase in Pledge Loans
Net Cash Paid for Acquisition of Subsidiaries and Other
Business Units
Other Paid Cashes Related to Investment Activities 21,546,588.11 88,139,757.17
Subtotal of cash outflows from investment activities 2,671,308,421.85 2,001,583,656.34
Net amount of cash flow generated by investment activities -1,281,280,953.17 -279,735,676.13
III. Cash Flow from Financing Activities:
Cash Arising from Absorbing Investments 55,770,784.31 59,440,000.00
Including: Cash Arising from Subsidiaries Absorbing
Investments by Minority Shareholders
55,770,784.31 59,440,000.00
Cash Arising from Borrowings 3,775,310,686.97 5,177,593,403.07
Other Received Cashes Related to Financing Activities 3,210,646,359.16
Subtotal of cash inflow from financing activities 3,831,081,471.28 8,447,679,762.23
Cash Paid for Debts Repayment 1,927,003,259.88 3,852,221,214.55
Cash Paid for Distribution of Dividends and Profits or
Payment of Interests
854,086,449.21 435,782,912.96
Including: Dividends and Profits Paid to Minority
Shareholders by Subsidiaries
Other Paid Cashes Related to Financing Activities 83,025,300.67 2,931,254,424.60
Subtotal of cash outflow from financing activities 2,864,115,009.76 7,219,258,552.11
Net cash flow generated by financing activities 966,966,461.52 1,228,421,210.12
IV. Impact of Fluctuation in Exchange Rate on Cash and
Cash Equivalents
-43,649,597.19 -85,940,173.22
V. Net Increase in Cash and Cash Equivalents -1,571,260,154.34 2,130,702,106.79
Add: Cash and Cash Equivalents at the Commencement
of the Period
7,358,452,769.53 2,734,185,976.41
VI. Cash and Cash Equivalents at the End of the Period 5,787,192,615.19 4,864,888,083.20
(II) Adjustments to the Financial Statements
1. Details of adjustments to the relevant items of the financial statements at the beginning of year
due to first implementation of the new lease standards from 2021
√ Applicable □ Not applicable
Whether the accounts of the balance sheet at the beginning of the year shall be adjusted
√ Yes □ No
Consolidated Balance Sheet
Unit: RMB
Item December 31, 2020 January 1, 2021 Adjusted amount
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
14
Current Assets:
Cash and Bank Balances 7,471,652,634.66 7,471,652,634.66
Deposit Reservation for
Balance
Loans to Banks and Other
Financial Institutions
Trading Financial Assets 2,475,680.45 2,475,680.45
Derivative Financial Assets
Notes receivable 232,857,354.55 232,857,354.55
Accounts receivable 12,857,519,110.16 12,857,519,110.16
Receivables Financing 1,207,879,654.58 1,207,879,654.58
Prepayments 162,250,648.05 152,994,874.90 -9,255,773.15
Premium Receivable
Reinsurance Accounts
Receivable
Reinsurance Contract Reserves
Receivable
Other Receivables 970,427,893.48 968,975,721.11 -1,452,172.37
Including: interest receivable
Dividends Receivable
Buying Back the Sale of
Financial Assets
Inventory 4,928,019,838.00 4,928,019,838.00
Contract Assets 84,825,834.82 84,825,834.82
Holding For-sale Assets
Non-current Assets Due within 1
Year
635,956,549.07 635,956,549.07
Other Current Assets 558,434,219.93 558,536,267.47 102,047.54
Subtotal of Current Assets 29,112,299,417.75 29,101,693,519.77 -10,605,897.98
Non-current Assets:
Granting of Loans and
Advances
Investment in Creditor's Rights
Investment in Other Creditor's
Rights
Long-term Receivables 2,250,315,769.50 2,250,315,769.50
Long-term Equity Investment 455,977,616.16 455,977,616.16
Investment in Other Equity
Instruments
Other Non-current Financial
Assets
360,087,786.34 360,087,786.34
Investment Property 336,008,869.13 336,008,869.13
Fixed Assets 1,515,594,629.97 1,515,594,629.97
Projects under Construction 1,164,130,453.03 1,164,130,453.03
Productive Biological Assets
Oil and gas assets
Right-of-use Assets 155,673,708.67 155,673,708.67
Intangible Assets 406,777,323.39 406,777,323.39
Development Expenditure
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
15
Goodwill 42,685,490.30 42,685,490.30
Long-term Deferred Expenses 32,280,430.67 32,280,430.67
Deferred Income Tax Assets 832,453,676.69 832,453,676.69
Other Non-current Assets 86,422,617.82 86,422,617.82
Subtotal of Non-current Assets 7,482,734,663.00 7,638,408,371.67 155,673,708.67
Total Assets 36,595,034,080.75 36,740,101,891.44 145,067,810.69
Current Liabilities:
Short-term Loan 250,177,083.34 250,177,083.34
Borrowings from the Central
Bank
Borrowings from Banks and
Other Financial Institutions
Transactional financial liabilities
Derivative Financial Liabilities
Notes Payable 3,258,552,758.17 3,258,552,758.17
Accounts Payable 6,444,787,705.28 6,444,787,705.28
Received Prepayments
Contract liabilities 671,120,385.08 671,120,385.08
Financial Assets Sold for
Repurchase
Deposit Taking and Interbank
Deposit
Receiving from Vicariously
Traded Securities
Receiving from Vicariously Sold
Securities
Payroll Payable 1,805,464,535.31 1,805,464,535.31
Tax Payable 900,144,863.67 900,144,863.67
Other Payables 970,552,877.22 970,552,877.22
Including: Interest Payable
Dividends Payable 12,982,399.27 12,982,399.27
Service Charge and
Commission Payable
Reinsurance Accounts Payable
Holding for-sale Liabilities
Non-current Liabilities Due
within 1 Year
151,891,709.34 210,863,157.61 58,971,448.27
Other Current Liabilities 209,401,914.77 209,401,914.77
Subtotal of Current Liabilities 14,662,093,832.18 14,721,065,280.45 58,971,448.27
Non-current Liabilities:
Insurance Contract Reserves
Long-term Loan 878,000,000.00 878,000,000.00
Bonds Payable
Including: Preferred Stocks
Perpetual Bonds
Lease Liabilities 86,096,362.42 86,096,362.42
Long-term Payables
Long-term Payroll Payable
Expected Liabilities 282,427,517.82 282,427,517.82
2021 Q3 Report of Zhejiang Dahua Technology Co., Ltd.
16
Deferred Income 110,469,806.29 110,469,806.29
Deferred Income Tax Liabilities 67,272,768.46 67,272,768.46
Other Non-current Liabilities 391,128,045.90 391,128,045.90
Subtotal of Non-current Liabilities 1,729,298,138.47 1,815,394,500.89 86,096,362.42
Total Liabilities 16,391,391,970.65 16,536,459,781.34 145,067,810.69
Shareholders' Equity:
Share Capital 2,995,579,590.00 2,995,579,590.00
Other Equity Instruments
Including: Preferred Stocks
Perpetual Bonds
Capital Reserves 1,989,655,334.05 1,989,655,334.05
Less: Treasury Share 581,968,930.89 581,968,930.89
Other Comprehensive Incomes 61,157,523.13 61,157,523.13
Special Reserves
Surplus Reserves 1,553,691,005.92 1,553,691,005.92
General Risk Reserves
Undistributed Profits 13,754,915,904.19 13,754,915,904.19
Total Shareholders' Equity
Attributable to the Parent Company
19,773,030,426.40 19,773,030,426.40
Minority Shareholders' Equity 430,611,683.70 430,611,683.70
Total Shareholders' Equity 20,203,642,110.10 20,203,642,110.10
Total Liabilities and Shareholders'
Equity
36,595,034,080.75 36,740,101,891.44 145,067,810.69
2. Explanation of retroactive adjustments to the comparative data of the previous period due to
first implementation of the new lease accounting standard from 2021
□ Applicable √ Not applicable
(III) Audit Report
Whether the Q3 report has been audited.
□ Yes √ No
The Q3 report of the Company has not been audited yet.
Board of Directors of Zhejiang Dahua Technology Co., Ltd.
October 30, 2021
