[三季报]东方精工(002611):2023年第三季度报告（全文）-英文版

 时间：2023年10月23日 19:07:04 中财网

原标题:东方精工:2023年第三季度报告（全文）-英文版

GUANGDONG DONGFANG PRECISION SCIENCE & TECHNOLOGY CO., LTD. THE REPORT FOR THE THIRD QUARTER OF 2023

The Company as well as all members of the Board of Directors hereby guarantee the factuality, accuracy, and completeness of the information disclosed, and its free of any misrepresentations, misleading statements, or material omissions.

Important Notes:
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of Guangdong Dongfang Precision Science & Technology Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee the factuality, accuracy, and completeness of the
contents of this Report, and shall be jointly and severally liable for any misrepresentations, misleading
statements, or material omissions therein.
2. The Company’s legal representative, the Company’s Chief Financial Officer, and the person-in-charge
of the accounting organ hereby guarantee that the financial statements carried in this Report are factual,
accurate and complete.
rd
3. Whether the 3 quarter report has been audited
□ Yes √ No
The report for the 3rd quarter of 2023 of the Company has been prepared and released in Chinese, and now has been translated into English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. I Key Financial Information
1. Key Financial Data and Indicators
Indicate whether there is any retrospectively restated datum in the table below. □ Yes √ No

　Q3 2023Change (%)Q1-Q3 2023Change (%)
Operating revenue (RMB yuan)1,243,655,954.9538.92%3,326,262,408.6736.83%
Net profit attributable to the listed company’s shareholders (RMB yuan)65,710,031.94172.46%271,859,637.2457.77%
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB yuan)83,299,830.0163.24%245,825,722.4143.82%
Net cash generated from/used in operating activities (RMB yuan)————280,283,974.1266.40%
Basic earnings per share (RMB yuan /share)0.06200.00%0.2364.29%
Diluted earnings per share (RMB yuan /share)0.06200.00%0.2364.29%
Weighted average return on equity (%)1.56%0.92%6.51%1.79%
　End of this report periodEnd of previous yearChange (%)　
Total assets (RMB)7,428,547,150.026,928,577,115.107.22%　
Equity attributable to the listed company’s shareholders (RMB)4,332,240,405.954,063,966,310.236.60%　

2. Non-recurring profit and loss items and amount
√ Applicable □ Not applicable
Unit: RMB

ItemQ3 2023Q1-Q3 2023Notes
Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)-18,764.43-2,306,859.05　
Government subsidies included in current profit or loss (exclusive of government grants given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s uniform standards)2,196,049.546,535,876.93　
Gain or loss on fair-value changes on held-for- trading and derivative financial assets and liabilities & income from disposal of held-for-trading and derivative financial assets and liabilities and other debt investments (exclusive of the effective portion of hedges that arise in the Company’s ordinary course of business)-20,165,220.3820,283,020.89　
Non-Operating Revenue and expenses other than the above-580,977.44332,851.90　
ItemQ3 2023Q1-Q3 2023Notes
Less: Income tax effects-1,654,344.05-2,329,506.57　
Non-controlling interests effects (net of tax)675,229.411,140,482.41　
Total-17,589,798.0726,033,914.83--
Other items that meet the definition of non-recurring profit and loss: □ Applicable √ Not applicable
No such cases for the Reporting Period.

Note of the reclassification of non-recurring items of profit or loss listed in "Explanatory Announcement No. 1 on Disclosure of
Information by Companies Issuing Public Securities - Non-recurring Profit or Loss" as recurring items of profit or loss:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
3. Changes in Key Financial Data and Indicators and the Reasons √Applicable □ Not applicable
Unit: RMB
(1) Balance sheet items

Items30 September 20231 January 2023Amount of ChangeRate of ChangeNotes
Cash and bank balances1,773,354,807.401,274,447,199.74498,907,607.6639.15%Mainly due to the recovery of financial management funds and guarantee deposits for loans.
Financial assets held for trading717,700,052.69860,832,278.88-143,132,226.19-16.63%Mainly due to the recovery of part of the finance proceeds
Other receivables37,950,603.4683,996,902.82-46,046,299.36-54.82%Mainly due to the early recovery of the remaining balance of the transfer of equity interest in Ferretto Group.
Inventories1,324,560,905.191,092,981,884.51231,579,020.6821.19%Mainly due to the increase in inventory reserves due to the increase in sales orders.
Contract assets42,391,871.8365,089,851.21-22,697,979.38-34.87%Mainly due to recoveries from customers.
Non-current assets due within one year3,245,000.00311,763,750.00-308,518,750.00-98.96%Mainly due to the recovery of guarantee deposits for loans.
Construction in progress187,138,031.2038,904,537.85148,233,493.35381.02%Mainly due to the increase in investment in plant construction.
Other non-current assets91,765,154.9645,320,004.8246,445,150.14102.48%Mainly due to prepayment for fixed assets.
Short-term borrowings371,045,190.4641,815,129.24329,230,061.22787.35%Mainly due to short-term borrowings.
Taxes payable44,540,870.1924,111,703.7020,429,166.4984.73%Mainly due to increase in tax expense due to sales growth.
Non-current liabilities due within one year58,257,517.47315,767,431.26-257,509,913.79-81.55%Mainly due to repayment of long-term loans due within one year.
Long-term borrowings85,892,612.3557,884,494.8928,008,117.4648.39%Mainly due to borrowing long-term loans.
(2) Income statement items

ItemsQ1-Q3 2023Q1-Q3 2022Amount of ChangeRate of ChangeNotes
Total operating revenue3,326,262,408.672,430,877,101.51895,385,307.1636.83%Mainly due to sales growth.
Total operating cost2,372,755,817.021,799,559,740.41573,196,076.6131.85%Mainly due to sales growth.
Selling expenses189,516,388.18110,439,583.7779,076,804.4171.60%Mainly due to the increase in product quality guarantee deposits, commissions and agency service fees due to
　　　　　sales growth.
R&D expenses91,625,113.4269,233,420.5122,391,692.9132.34%Mainly due to increased investment in R&D.
Finance costs-8,599,075.90-18,138,651.069,539,575.16-52.59%Mainly due to the RMB exchange rate fluctuations.
Investment income35,657,924.309,075,220.6626,582,703.64292.92%Mainly due to the increase in investment income recognized from investment in securities.

(3) Cash flow statement items

ItemsQ1-Q3 2023Q1-Q3 2022Amount of ChangeRate of ChangeNotes
Net cash generated from/used in operating activities280,283,974.12168,435,727.75111,848,246.3766.40%Mainly due to sales growth.
Net cash generated from/used in investing activities-135,972,237.59-322,513,942.25186,541,704.66-57.84%Mainly due to the payment for the acquisition of equity interest in Shenzhen Wonder Digital Technology Co., Ltd. in last year.
Net cash generated from/used in financing activities293,884,410.84-36,322,583.60330,206,994.44909.10%Mainly due to the recovery of guarantee deposits for loans.
II Shareholder Information
1. Total Number of Ordinary Shareholders and Number of Preference Shareholders with Resumed Voting Rights, as well as Information of Top 10 Shareholders
Unit: shares

Number of ordinary shareholders at the period-end42,166Number of preference shareholders with resumed voting rights at the period-end (if any)Not applicable　　　
Top 10 shareholders　　　　　　
Name of shareholderNature of shareholderShareholding percentageTotal shares held at the period-endRestricted shares heldShares in pledge or frozen　
　　　　　StatusShares
Tang ZhuolinDomestic individual21.82%270,737,568203,053,176In pledge135,360,000
Tang ZhuomianDomestic individual7.81%96,885,134　In pledge40,000,000
Hong Kong Securities Clearing Company LimitedOverseas corporation4.29%53,253,136　　　
Pulead Technology Industry Co., Ltd.State-owned corporation2.88%35,748,587　　　
Luzhou Industrial Development Investment Group Co., Ltd.State-owned corporation2.56%31,770,010　　　
Qinghai Puren Intelligent Technology R & D Center (Limited Partnership)Domestic non- state-owned corporation2.15%26,628,340　　　
Qiu YezhiDomestic individual1.88%23,382,38819,782,388　　
China Merchants Bank Co., Ltd.－ Wanjiang China Securities 1000 Index Strengthened Initiated Securities Investment FundDomestic non- state-owned corporation0.65%8,040,280　　　
Bank of China joint stock company - Dacheng Jingheng Hybrid Securities Investment FundDomestic non- state-owned corporation0.54%6,739,000　　　
Liu WucaiDomestic individual0.53%6,597,688　　　
Top 10 unrestricted ordinary shareholders　　　　　　
Name of shareholderUnrestricted shares held at the period-endShares by type　　　　
　　TypeShares　　　
Tang Zhuomian96,885,134RMB ordinary shares96,885,134　　　
Tang Zhuolin67,684,392RMB ordinary shares67,684,392　　　
Hong Kong Securities Clearing53,253,136RMB ordinary53,253,136　　　

Company Limited　shares　
Pulead Technology Industry Co., Ltd.35,748,587RMB ordinary shares35,748,587
Luzhou Industrial Development Investment Group Co., Ltd.31,770,010RMB ordinary shares31,770,010
Qinghai Puren Intelligent Technology R & D Center (Limited Partnership)26,628,340RMB ordinary shares26,628,340
China Merchants Bank Co., Ltd.－ Wanjiang China Securities 1000 Index Strengthened Initiated Securities Investment Fund8,040,280RMB ordinary shares8,040,280
Bank of China joint stock company - Dacheng Jingheng Hybrid Securities Investment Fund6,739,000RMB ordinary shares6,739,000
Liu Wucai6,597,688RMB ordinary shares6,597,688
Beixin Ruifeng Fund - Industrial and Commercial Bank of China - Beijing Hengyu Tianze Investment Management Co., Ltd6,171,777RMB ordinary shares6,171,777
Related or acting-in-concert parties among the shareholders aboveTang Zhuolin and Tang Zhuomian are full brothers. On 18 August 2010, they signed the Agreement on Acting in Concert. Pulead Technology Industry Co., Ltd., and Qinghai Puren Intelligent Technology R & D Center (Limited Partnership) are acting-in-concert parties. Except for these, the Company does not know whether the other shareholders are related parties or whether they are acting-in-concert parties in accordance with the Measures for the Administration of acquisitions of listed companies.　　
Note on the top 10 shareholders' participation in securities margin trading (if any)As of 28 September 2023, Luzhou Industrial Development Investment Group Co., Ltd., held 31,770,010 shares through the credit securities account.　　
Explanation on the shareholding of the repurchase account
As at the close of the stock market on 28 September 2023, the number of shares held in the Company's special account for repurchases
was 36,424,192, representing 2.94% of the total share capital as at the close of the stock market on 28 September 2023..
2. Total Number of Preference Shareholders and Information of Top 10 Preference Shareholders □ Applicable √ Not applicable
III Other Significant Events
√Applicable □ Not applicable
On 12 October 2023, the Company received a notification from Dong Fang Precision (Netherland) Cooperatief U.A. ("Dong Fang
Precision (Netherlands)"), a wholly-owned overseas subsidiary, that Fosber S.p.A. ("Fosber Italy"), a wholly-owned subsidiary of
Dong Fang Precision (Netherlands), had on the same day entered into an agreement with the Italian tax authorities regarding the
applicable tax rate for dividend withholding tax of Fosber Italy, which involves the payment of Euro 6,330.2 thousand (including
interest) and related penalties of Euro 332.5 thousand.
For details of the relevant matters, please refer to the ''Announcement Regarding the Signing of Tax Settlement Agreement by
Overseas Subsidiaries'' published in China Securities Journal, Securities Times, Shanghai Securities News and CNInfo.com.cn on 14
October 2023.
This matter, as a subsequent matter after the third quarter of 2023, is proposed to be included in the current profit and loss of 2023
and is expected to affect the profit and loss of the Company for the year 2023 (the amount of the impact is subject to the final audit
result).
IV Quarterly Financial Statements
1. Financial Statements
(1) Consolidated Balance Sheet
Prepared by: Guangdong Dongfang Precision Science & Technology Co., Ltd. 30 September 2023
Unit: RMB

Item30 September 20231 January 2023
Current assets:　　
Cash and bank balances1,773,354,807.401,274,447,199.74
Settlement provisions　　
Dismantling funds　　
Financial assets held for trading717,700,052.69860,832,278.88
Derivative financial assets　　
Notes receivable43,441,697.8824,566,100.12
Accounts receivable826,817,540.40837,305,757.46
Receivable financing26,935,016.4515,305,668.26
Prepayments59,483,224.7564,946,901.26
Premium receivable　　
Receivable reinsurance account　　
Provision for reinsurance contract receivable　　
Other receivables37,950,603.4683,996,902.82
Including: Interest receivable　　
Dividend receivable　　
Buy back resale financial assets　　
Inventories1,324,560,905.191,092,981,884.51
Contract assets42,391,871.8365,089,851.21
Assets held for sale　　
Non-current assets due within one year3,245,000.00311,763,750.00
Other current assets71,263,019.1361,370,451.31
Total current assets4,927,143,739.184,692,606,745.57
Non-current assets:　　
Loans and advances　　
Debt investment　　
Other debt investments10,165,452.05　
Long-term receivables1,756,167.001,294,299.00
Item30 September 20231 January 2023
Long-term equity investment123,196,732.1695,352,681.52
Investment in other equity instruments　　
Other non-current financial assets375,882,444.94334,449,603.33
Real estate investment　　
Fixed assets557,332,193.61570,200,113.79
Construction in progress187,138,031.2038,904,537.85
Productive biological assets　　
Oil and gas asset　　
Right-of-use assets84,465,287.1786,448,978.02
Intangible assets362,167,302.22368,103,395.11
Development expenditure108,069.783,702,229.76
Goodwill434,524,802.74430,916,848.74
Long-term prepaid expenses30,809,068.5416,735,552.98
Deferred tax assets242,092,704.47244,542,124.61
Other non-current assets91,765,154.9645,320,004.82
Total non-current assets2,501,403,410.842,235,970,369.53
Total assets7,428,547,150.026,928,577,115.10
Current liabilities:　　
Short-term borrowings371,045,190.4641,815,129.24
Borrowing from the Central Bank　　
Borrowed funds　　
Financial liabilities held for trading46,252,343.8157,022,555.58
Derivative financial liabilities　　
Notes payable161,499,891.26149,918,253.31
Accounts payable719,436,852.30748,319,561.21
Advance receivables　　
Contract liabilities727,787,700.27692,567,968.60
Selling back financial assets　　
Deposits and Interbank deposit　　
Agent trading securities　　
Agent underwriting securities　　
Employee benefits payable134,613,102.06123,695,328.31
Tax payable44,540,870.1924,111,703.70
Other payables104,697,279.4290,080,142.50
Including: Interest payable　　
Dividend payable　　
Fees and commissions　　
Reinsurance accounts payable　　
Liabilities held for sale　　
Non-current liabilities due within58,257,517.47315,767,431.26
Item30 September 20231 January 2023
one year　　
Other current liabilities9,205,442.755,988,879.29
Total current liabilities2,377,336,189.992,249,286,953.00
Non-current liabilities:　　
Insurance contract reserve　　
Long-term borrowings85,892,612.3557,884,494.89
Bonds payable　　
Including: Preference Shares　　
Perpetual bonds　　
Lease liabilities68,051,349.8068,989,111.33
Long-term payables　　
Long-term employee benefits payable12,659,600.6313,179,944.17
Provisions164,435,207.87118,945,953.78
Deferred income10,236,156.6611,073,651.66
Deferred tax liabilities6,357,793.756,825,450.77
Other non-current liabilities136,799,573.47136,396,292.55
Total non-current liabilities484,432,294.53413,294,899.15
Total Liabilities2,861,768,484.522,662,581,852.15
Equity:　　
Share capital1,240,858,400.001,241,106,400.00
Other equity instruments　　
Including: Preference Shares　　
Perpetual bonds　　
Capital surplus2,894,240,128.972,947,263,843.53
Less: Treasury stock210,303,842.45240,255,502.45
Other comprehensive income45,573,370.3526,512,917.07
Special reserve15,163,015.2814,488,955.52
Surplus reserves51,830,974.4551,830,974.45
General risk preparation　　
Retained earnings294,878,359.3523,018,722.11
Total equity attributable to owners of the parent4,332,240,405.954,063,966,310.23
Non-controlling interests234,538,259.55202,028,952.72
Total equity4,566,778,665.504,265,995,262.95
Total liabilities and equity7,428,547,150.026,928,577,115.10
(2) Consolidated Income Statement for Q1 - Q3 2023
Unit: RMB

ItemQ1 - Q3 2023Q1 - Q3 2022
1 Total operating revenue3,326,262,408.672,430,877,101.51
Including: Operating revenue3,326,262,408.672,430,877,101.51
Interest income　　
Premiums earned　　
Fee and commission income　　
2 Total operating cost2,911,839,993.092,181,012,828.57
Including: Cost of sales2,372,755,817.021,799,559,740.41
Interest expense　　
Payment of fees and commission　　
Surrender fund　　
Net indemnity expenditure　　
Draw the net reserve of insurance liability contract　　
Policy dividend expense　　
Reinsurance cost　　
Taxes and surcharges11,027,790.448,804,294.91
Selling expenses189,516,388.18110,439,583.77
Administrative expenses255,513,959.93211,114,440.03
R&D expenses91,625,113.4269,233,420.51
Finance costs-8,599,075.90-18,138,651.06
Including: Interest expenses9,193,820.947,768,835.81
Interest income22,427,791.2513,284,771.87
Add: Other income6,535,876.9310,783,803.62
Investment income (loss with "-" sign)35,657,924.309,075,220.66
Including: Share of profit or loss of joint ventures and associates-2,192,833.501,640,958.28
Income from derecognition of financial assets measured at amortized cost (loss with "-" sign)　　
Exchange gain (loss with "-" sign)　　
Net exposure hedging gain (loss with "-" sign)　　
Gain/loss on changes in fair value (loss with "-" sign)-17,567,736.91-17,745,079.57
Credit impairment loss (loss is listed with "- " sign)-1,835,764.65570,166.71
Asset impairment loss (loss with "-" sign)-6,916,232.58-8,240,821.46
Gain/loss on disposal of assets (loss with "-" sign)-2,306,859.05-169,039.14
3 Operating profit (losses are listed with "-" sign)427,989,623.62244,138,523.76
Add: Non-operating income4,247,134.691,568,768.68
ItemQ1 - Q3 2023Q1 - Q3 2022
Less: Non-operating expenses3,914,282.79834,313.53
5 Gross profit (the gross loss shall be filled in with the sign "-")428,322,475.52244,872,978.91
Less: Income tax expenses121,511,716.1752,557,877.53
Net profit (net loss is listed with "-" sign)306,810,759.35192,315,101.38
(1) Net profit from continuing operations　　
i. Net profit from continuing operations (net loss with "-" sign)306,810,759.35192,315,101.38
ii. Net profit from termination of operation (net loss with "-" sign)　　
(2) Net profit classified by attribution of ownership　　
i. Net profit attributable to owners of the parent271,859,637.24172,317,292.32
ii. Net profit attributable to non-controlling interests34,951,122.1119,997,809.06
6 Other comprehensive income/(loss), net of tax18,843,327.938,631,564.33
Other comprehensive income/(loss) attributable to owners of the parent, net of tax19,060,453.2812,443,804.09
(1) Other comprehensive loss that will not be reclassified to profit or loss-336,960.08919,271.17
i. Changes caused by remeasurements on defined benefit schemes-336,960.08919,271.17
ii. Other comprehensive income that cannot be transferred to profit or loss under the equity method　　
iii. Changes in fair value of investments in other equity instruments　　
iv. Fair value change of enterprise's own credit risk　　
v. Other　　
(2) Other comprehensive income/(loss) that will be reclassified to profit or loss19,397,413.3611,524,532.92
i. Other comprehensive income that can be transferred to profit or loss under the equity method　　
ii. Changes in fair value of other debt investments　　
iii. The amount of financial assets reclassified to other comprehensive income　　
iv. Provision for credit impairment of other debt investments　　
v. Cash flow hedging reserve　　
vi. Differences arising from the19,397,413.3611,524,532.92
ItemQ1 - Q3 2023Q1 - Q3 2022
translation of foreign currency-denominated financial statements　　
vii. Other　　
Other comprehensive income attributable to non- controlling interests, net of tax-217,125.35-3,812,239.76
Total comprehensive income325,654,087.28200,946,665.71
Total comprehensive income attributable to owners of the parent290,920,090.52184,761,096.41
Total comprehensive income attributable to non- controlling interests34,733,996.7616,185,569.30
Earnings per share:　　
(1) Basic earnings per share0.230.14
(2) Diluted earnings per share0.230.14
(3) Consolidated Statement of Cash Flows for Q1 - Q3 2023 （未完）
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