[一季报]海康威视(002415):2024年第一季度报告（英文版）
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时间：2024年04月20日 04:51:47 中财网 |
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原标题: 海康威视:2024年第一季度报告（英文版）
Stock Exchange Code：002415 Abbreviation of Securities：Hikvision No：2024-012
Hangzhou Hikvision Digital Technology Co., Ltd.
st
2024 1 Quarter Report
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or material omissions. Important Content Notes:
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior management guarantee that the information presented in this report is true, accurate and complete without false
records, misleading statements or material omissions, and will undertake individual and joint legal
liabilities.
2. Chen Zongnian, the Company's legal representative, Jin Yan, the person in charge of the accounting work, and Zhan Junhua, the person in charge of accounting institution (accounting supervisor) hereby declare and warrant that the financial information in this report is true, accurate
and complete.
st
3. Whether the 1 quarter report has been audited
□Yes√ No
| | 2024 Q1 | 2023 Q1 | YoY Change(%) between 2023 Q1 and
2024 Q1 | | Revenue (RMB) | 17,817,550,424.43 | 16,201,189,412.53 | 9.98% | | Net profits attributable to shareholders of the Company
(RMB) | 1,915,903,199.88 | 1,811,255,388.03 | 5.78% | | Net profits attributable to shareholders of the Company
excluding non-recurring gains and losses (RMB) | 1,760,276,683.16 | 1,554,094,332.67 | 13.27% | | Net cash flows from operating activities (RMB) | -3,966,935,241.66 | -3,285,523,507.64 | -20.74% | | Basic earnings per share (RMB/share) | 0.208 | 0.196 | 6.12% | | Diluted earnings per share (RMB/share) | 0.208 | 0.196 | 6.12% | | Weighted average Return on Equity (ROE) | 2.47% | 2.61% | -0.14% | | | On March 31, 2024 | On December 31,2023 | Change(%) between December 31, 2023
and March 31, 2024 | | Total assets (RMB) | 132,259,649,297.62 | 138,848,007,548.55 | -4.75% | | Owner’s equity attributable to shareholders of the Company
(RMB) | 78,484,066,664.96 | 76,354,265,540.14 | 2.79% |
| The total share capital of the Company as of the previous trading day of the financial report disclosure (share) | 9,330,600,931 |
Fully diluted earnings per share calculated using the latest share capital:
| Fully diluted earnings per share (RMB/share) calculated with the latest share capital | 0.205 |
2. Items and Amounts of Non-recurring Gains and Losses
√ Applicable □ Inapplicable
Unit：RMB
| Item | January 1, 2024–March 31, 2024 | | Gains or losses from the disposal of non-current assets (including the write-off for the
impairment provision of assets) | -7,339,105.75 | | Government subsidies included in the current gain and loss (except for government
subsidies that are closely related to the Company's regular business operations, comply
with national policies, are enjoyed in accordance with determined standards, and have a
continuous impact on the Company's profit and loss) | 151,531,740.78 | | Gains and losses attributed to change in fair value for the holding of financial assets and
financial liabilities by non-financial enterprises, and gains and losses arising from the
disposal of financial assets and financial liabilities, excluding the effective hedging
business related to the regular business operation of the Company. | 44,298,430.11 | | Other non-operating income and expenditures except the items mentioned above | 11,887,291.72 | | Less: Impact of income tax | 22,470,316.40 | | Impact of the minority interests (after tax) | 22,281,523.74 | | Total | 155,626,516.72 |
Details of other profit and loss items that meet the definition of non-recurring profit and loss: □ Applicable √ Inapplicable
The Company does not have other specific conditions of profit and loss items that meet the definition of non-
recurring profit and loss.
Explanations on classifying any non-recurring gain/loss item mentioned in the
on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and Losses>
as recurring gain/loss item.
□ Applicable √ Inapplicable
The Company does not classify any non-recurring gain/loss item mentioned in the
1 on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and
Losses> as recurring gain/loss item.
| Item | Balance on March 31,
2024 (RMB) | Balance on December
31, 2023 (RMB) | Change (%) | Note of Changes | | Held-for-trading
financial assets | - | 37,380.00 | -85.03% | Due to exchange rate
fluctuations | | Held-for-trading
financial liabilities | 5,705,696.80 | 38,079,755.04 | | | | Other receivables | 940,598,188.79 | 571,905,648.93 | 64.47% | Increase in tax receivables | | Notes payable | 1,631,631,344.50 | 1,163,687,279.58 | -29.20% | Increase in supplier
settlement payments | | Accounts payable | 12,760,934,417.50 | 19,163,485,888.09 | | | | Payroll payable | 3,630,914,215.18 | 6,120,254,492.28 | -40.67% | 2023 year-end bonus were
paid in this quarter | | Long-term borrowings | 5,968,656,279.30 | 8,940,122,961.01 | 1.45% | No significant changes | | Non-current liabilities
due within one year | 8,999,923,030.70 | 5,814,660,214.96 | | | | Other comprehensive
income | 59,655,440.54 | 44,667,516.16 | 33.55% | Increase in the translation
difference of foreign
currency statements due to
exchange rate fluctuations |
3.2 Explanation for variations in income statement items
| Items | 2024 Q1
(RMB) | 2023 Q1
(RMB) | YoY Change
(%) | Note of changes | | Investment income
(losses are listed with a "-
" symbol) | -90,237,693.78 | 53,024,459.67 | -270.18% | In the same period of last year, the
income from the business combination
not under the same control was
realized step by step through multiple
transactions, and there was no similar
event in the current period | | Asset impairment losses
(losses are listed with a "-
" symbol) | -69,525,214.28 | -141,629,819.18 | 50.91% | Decrease in provision for inventory
depreciation | | Minority Shareholders' | 306,169,982.25 | 136,968,421.67 | 123.53% | Increase in the profit of the holding | | Gains and Losses | | | | subdisidaries |
3.3 Explanation for variations in cash flow statement items
| Item | 2024 Q1
(RMB) | 2023 Q1
(RMB) | YoY Change
(%) | Note of changes | | Net cash flows from
investing activities | -1,004,036,851.08 | -758,788,857.48 | -32.32% | Increase in the investment in the
construction of industrial parks | | Net cash flows from
financing activities | -482,442,232.44 | 2,031,442,402.22 | -123.75% | Decrease in net borrowing inflows |
| Total number of common shareholders at the end of the reporting period | 356,222 | Total number of preferred shareholders (if any) whose voting rights
have been recovered at the end of the reporting period (if any) | 0 | | | | | Particulars about Top 10 shareholders (excludes shares lent through refinancing) | | | | | | | | Name of shareholder | Nature of shareholder | Share-
holding percentage
(%) | Total shares held
at the period-end | The number of
common
shares held
with trading
restrictions | Pledged, marked or frozen | | | | | | | | Status | Amount | | China Electronics Technology HIK Group Co., Ltd. | Domestic state-owned
corporation | 36.55% | 3,410,150,909 | - | Pledged | 50,000,000 | | Gong Hongjia | Overseas individual | 10.32% | 962,504,814 | - | Pledged | 196,598,700 | | Hangzhou Weixun Equity Investment Partnership (Limited Partnership) | Domestic non-state-
owned corporation | 4.83% | 450,795,176 | - | Pledged | 17,700,000 | | Shanghai Perseverance Asset Management Partnership (Limited Partnership) -
Perseverance Adjacent Mountain 1 Yuanwang Fund | Other | 4.40% | 411,000,000 | - | - | - | | CETC Investment Holdings Co., Ltd. | Domestic state-owned
corporation | 2.63% | 245,161,568 | - | - | - | | Hangzhou Pukang Equity Investment Partnership (Limited Partnership) | Domestic non-state-
owned corporation | 1.96% | 182,510,174 | - | Pledged | 50,000,000 | | nd
The 52 Research Institute at China Electronics Technology Group
Corporation | Domestic state-owned
corporation | 1.94% | 180,775,044 | - | - | - | | Hu Yangzhong | Domestic individual | 1.67% | 155,636,477 | 116,727,358 | - | - | | Hong Kong Securities Clearing Company Ltd.(HKSCC) | Overseas corporation | 0.78% | 73,196,717 | - | - | - | | Central Huijin Investment Co., Ltd. | Domestic state-owned
corporation | 0.69% | 64,700,691 | - | - | - |
| Particulars about shares held by the Top 10 common shareholders holding shares that are not subject to trading restriction(s) | | | | | Name of shareholder | Number of common shares
without trading restrictions held
at the period-end | Type of shares | | | | | Type | Amount | | China Electronics Technology HIK Group Co., Ltd. | 3,410,150,909 | RMB ordinary shares | 3,410,150,909 | | Gong Hongjia | 962,504,814 | RMB ordinary shares | 962,504,814 | | Hangzhou Weixun Equity Investment Partnership (Limited Partnership) | 450,795,176 | RMB ordinary shares | 450,795,176 | | Shanghai Perseverance Asset Management Partnership (Limited Partnership) -
Perseverance Adjacent Mountain 1 Yuanwang Fund | 411,000,000 | RMB ordinary shares | 411,000,000 | | CETC Investment Holdings Co., Ltd. | 245,161,568 | RMB ordinary shares | 245,161,568 | | Hangzhou Pukang Equity Investment Partnership (Limited Partnership) | 182,510,174 | RMB ordinary shares | 182,510,174 | | nd
The 52 Research Institute at China Electronics Technology Group Co., Ltd. | 180,775,044 | RMB ordinary shares | 180,775,044 | | Hong Kong Securities Clearing Company Ltd.(HKSCC) | 73,196,717 | RMB ordinary shares | 73,196,717 | | Central Huijin Investment Co., Ltd. | 64,700,691 | RMB ordinary shares | 64,700,691 | | Industrial and Commercial Bank of China Co., Ltd. - Huatai Pinebridge CSI
300 ETF Securities Investment Fund | 40,378,956 | RMB ordinary shares | 40,378,956 | | Explanation on associated relationship and concerted actions among above
shareholders | nd
China Electronics Technology HIK Group Co., Ltd., CETC Investment Holdings Co., Ltd., and the 52
Research Institute at China Electronics Technology Group Co., Ltd.are all subject to control of China
Electronics Technology Group Corporation. Ms. Chen Chunmei, limited partner of Hangzhou Pukang Equity
Investment Partnership (Limited Partnership), is the spouse of Mr. Gong Hongjia, overseas individual
shareholder of the Company. Hu Yangzhong, domestic individual, is holding shares in both Hangzhou Weixun
Equity Investment Partnership (Limited Partnership) and Hangzhou Pukang Equity Investment Partnership
(Limited Partnership). 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 Administrative Measures for
Acquisitions of Listed Companies. | | |
| Particulars about Shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares participate in the lending of shares in
the refinancing business | | | | | | | | | | Name of shareholder (Full name) | Share holdings of ordinary account
and credit account at the beginning of
the period | | The shares lent by the refinancing
have not yet been returned at the
beginning of the period | | Share holdings of ordinary account
and credit account at the end of the
period | | The shares lent by the refinancing
have not yet been returned at the
end of the period | | | | Total amount | Proportion of total
share capital | Total
amount | Proportion of total
share capital | Total amount | Proportion of total
share capital | Total
amount | Proportion of total
share capital | | Industrial and Commercial Bank
of China Co., Ltd. - Huatai
Pinebridge CSI 300 ETF
Securities Investment Fund | 27,920,756 | 0.30% | 15,900 | 0.00% | 40,378,956 | 0.43% | 0 | 0.00% |
The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared with the previous period due to the refinancing, lending/repayment
□ Applicable √ Inapplicable
2. Total number of preferred shareholders and information about Top 10 preferred shareholders □ Applicable √ Inapplicable
III. Significant Events
√Applicable □Inapplicable
1. The Company's controlling shareholder disclosed and implemented the plan to increase the Company's
shares
The Company received a notice from China Electronics Technology HIK Group Co., Ltd. (hereinafter referred to
as "CETHIK"), the Company's controlling shareholder, on October 16, 2023 that CETHIK intended to increase its
shareholdings of the Company's shares through the trading system of the Shenzhen Stock Exchange through
centralized bidding, block trading or other trading methods permitted by laws and regulations within 6 months from
October 17, 2023. The total amount of the increased shareholdings would not be less than RMB200 million and not
more than RMB300 million, and the proposed price of increased shareholdings should not be higher than RMB40
per share (inclusive). The plan of increase shareholding would be implemented at the opportunity with the
consideration of the fluctuation of Hikvision's stock price and the overall trend of the capital market. From January
4, 2024 to January 9, 2024, CETHIK increased its holdings of 6,271,400 shares of the Company through the trading
system of the Shenzhen Stock Exchange through centralized bidding, accounting for 0.0672% of the Company's
current total share capital, and the amount of additional shares is 200,160,059.77 yuan (excluding transaction fees).
The shareholding increase plan of CETHIK has been implemented. For details, please refer to the Announcement
on the Plan for the Company's Controlling Shareholders to Increase Their Shareholdings in the Company
(Announcement No.: 2023-033) and Announcement on the Completion of the Implementation of the Company's
Controlling Shareholders' Plan to Increase Their Shareholdings in the Company (Announcement No.: 2024-001)
published by the Company on cninfo website (www.cninfo.com.cn) on October 17, 2023 and January 10, 2024
2. The person acting in concert of the controlling shareholder of the Company disclosed and implemented the
plan to increase the Company's shares
After the close of trading on January 16, 2024, the Company received a notice from CETC Investment Holdings
Co., Ltd. (hereinafter referred to as "CETC Investment"), a person acting in concert of the CETHIK, the controlling
shareholder of the Company, that on January 16, 2024, CETC Investment increased its holdings of 1,319,906 shares
of the Company through centralized bidding through the trading system of the Shenzhen Stock Exchange, with the
amount of RMB40,363,848.49. CETC Investment intends to continue to increase its holdings of the Company's
shares within 6 months from January 16, 2024, with an increase of not less than RMB300 million and no more than
RMB600 million (including the amount of increase on January 16, 2024). There is no fixed price range for this
increase plan, and CETC Investment will implement the shareholding increase plan at the opportunity with the
reasonable judgment of the Company's stock value. From January 16, 2024 to February 6, 2024, CETC Investment
has increased its holdings of 12,853,665 shares of the Company through centralized bidding through the Shenzhen
Stock Exchange trading system, accounting for 0.1378% of the Company's current total share capital, and the
amount of additional shares is 400,027,006.81 yuan (excluding transaction FEEs). For details, please refer to the
Announcement on the Increase of the Company's Shares and the Subsequent Shareholding Increase Plan by the
person acting in concert of the controlling shareholder of the Company ( Announcement No.: 2024-002) and the
Announcement on the Completion of the Company's Shareholding Increase Plan by the person acting in concert of
the controlling shareholder of the Company (Announcement No.: 2024-005) published by the Company on cninfo
website (www.cninfo.com.cn) on January 17, 2024 and February 7, 2024.
| Item | March 31, 2024 | January 1, 2024 | | Current Assets: | | | | Cash and bank balances | 44,109,663,357.77 | 49,629,469,654.46 | | Held-for-trading financial assets | | 37,380.00 | | Notes receivable | 2,553,178,503.57 | 2,606,071,375.74 | | Accounts receivable | 33,396,304,550.58 | 35,815,173,511.44 | | Receivables for financing | 1,631,097,806.80 | 1,594,219,832.62 | | Prepayments | 510,728,764.79 | 508,151,405.92 | | Other receivables | 940,598,188.79 | 571,905,648.93 | | Inventories | 19,730,687,004.42 | 19,211,434,385.32 | | Contract assets | 1,175,454,914.97 | 1,173,312,415.20 | | Non-current assets due within one year | 1,092,079,219.85 | 1,079,721,006.23 | | Other current assets | 1,112,287,983.01 | 961,593,616.75 | | Total Current Assets | 106,252,080,294.55 | 113,151,090,232.61 | | Non-current Assets: | | | | Long-term receivables | 500,325,871.38 | 538,698,618.76 | | Long-term equity investment | 1,087,719,673.77 | 1,151,104,887.85 | | Other non-current financial assets | 510,580,003.55 | 472,184,937.66 | | Fixed assets | 11,443,619,072.64 | 11,508,302,317.75 | | Construction in progress | 4,666,248,201.13 | 4,307,651,074.46 | | Right-of-use assets | 501,582,712.87 | 521,061,396.66 | | Intangible assets | 1,807,450,044.07 | 1,810,476,551.45 | | Goodwill | 311,275,117.56 | 311,353,640.88 | | Long-term deferred expenses | 165,697,272.82 | 177,361,533.93 | | Deferred tax assets | 1,987,850,827.53 | 1,978,373,012.15 | | Other non-current assets | 3,025,220,205.75 | 2,920,349,344.39 | | Total Non-current Assets | 26,007,569,003.07 | 25,696,917,315.94 | | Total Assets | 132,259,649,297.62 | 138,848,007,548.55 | | Current Liabilities: | | | | Short-term borrowings | 1,572,084,418.78 | 2,118,952,026.06 | | Held-for-trading financial liabilities | 5,705,696.80 | 38,079,755.04 | | Notes payable | 1,631,631,344.50 | 1,163,687,279.58 | | Accounts payable | 12,760,934,417.50 | 19,163,485,888.09 | | Item | March 31, 2024 | January 1, 2024 | | Contract Liabilities | 3,136,124,458.04 | 2,977,990,775.40 | | Payroll payable | 3,630,914,215.18 | 6,120,254,492.28 | | Taxes payable | 1,500,385,870.30 | 1,622,401,214.96 | | Other payables | 3,732,729,937.93 | 3,911,612,841.06 | | Including: Dividends payable | 205,077,532.72 | 253,957,413.29 | | Non-current liabilities due within one year | 8,999,923,030.70 | 5,814,660,214.96 | | Other current liabilities | 1,395,072,241.37 | 1,481,222,044.19 | | Total Current Liabilities | 38,365,505,631.10 | 44,412,346,531.62 | | Non-current Liabilities: | | | | Long-term borrowings | 5,968,656,279.30 | 8,940,122,961.01 | | Lease liabilities | 342,396,286.81 | 344,005,866.13 | | Long-term payables | 4,452,473.19 | 5,776,599.85 | | Provisions | 211,369,064.57 | 213,084,038.31 | | Deferred income | 911,177,514.92 | 966,259,592.34 | | Deferred tax liabilities | 127,665,446.02 | 129,866,978.18 | | Other non-current liabilities | 1,673,981,834.74 | 1,672,933,103.20 | | Total Non-current Liabilities | 9,239,698,899.55 | 12,272,049,139.02 | | Total Liabilities | 47,605,204,530.65 | 56,684,395,670.64 | | Owners’ Equity | | | | Share capital | 9,330,600,931.00 | 9,330,600,931.00 | | Capital reserves | 8,063,813,764.08 | 7,864,903,763.52 | | Less: Treasury shares | 2,737,987,226.55 | 2,737,987,226.55 | | Other comprehensive income | 59,655,440.54 | 44,667,516.16 | | Surplus reserves | 4,715,460,312.00 | 4,715,460,312.00 | | Retained earnings | 59,052,523,443.89 | 57,136,620,244.01 | | Total Owners' Equity Attributable to Owner of the
Company | 78,484,066,664.96 | 76,354,265,540.14 | | Minority equity | 6,170,378,102.01 | 5,809,346,337.77 | | Total Owners' Equity | 84,654,444,766.97 | 82,163,611,877.91 | | Total Liabilities and Owners' Equity | 132,259,649,297.62 | 138,848,007,548.55 |
Legal Representative: Chen Zongnian Person in Charge of the Accounting work: Jin Yan Person in Charge of Accounting Institution: Zhan Junhua
| Item | 2024 Q1 | 2023 Q1 | | I. Total Revenue | 17,817,550,424.43 | 16,201,189,412.53 | | Including: Revenue | 17,817,550,424.43 | 16,201,189,412.53 | | II. Total Operating Costs | 15,618,779,641.18 | 14,248,163,903.28 | | Including: Cost of sales and services | 9,664,818,848.68 | 8,883,871,635.31 | | Business taxes and surcharges | 178,185,758.74 | 162,501,664.68 | | Selling expenses | 2,461,582,859.03 | 2,185,218,373.11 | | Administrative expenses | 680,114,466.85 | 602,999,255.69 | | Research and Development (R&D) expenses | 2,671,475,230.52 | 2,464,108,463.39 | | Financial expenses | (37,397,522.64) | (50,535,488.90) | | Including：Interest expenses | 136,117,640.40 | 90,784,879.24 | | Interest income | 300,008,788.25 | 230,994,108.15 | | Add: Other Income | 559,337,897.73 | 431,143,072.40 | | Investment income (loss"-") | (90,237,693.78) | 53,024,459.67 | | Including: Investment gains in associated
enterprise and joint-venture enterprise | (63,804,379.76) | 8,539,228.50 | | Gains (loss "-") from changes in fair values | 70,731,744.13 | 76,962,398.56 | | Credit impairment losses ("-") | (95,251,432.28) | (110,068,759.04) | | Impairment losses ("-") of assets | (69,525,214.28) | (141,629,819.18) | | Asset disposal income (loss"-") | (7,338,187.59) | (2,263,571.88) | | III. Operating Profit (loss"-") | 2,566,487,897.18 | 2,260,193,289.78 | | Add: Non-operating income | 17,311,883.58 | 32,861,901.41 | | Less: Non-operating expenses | 6,301,591.43 | 3,222,199.80 | | IV. Total Profit (loss"-") | 2,577,498,189.33 | 2,289,832,991.39 | | Less: Income tax expenses | 355,425,007.20 | 341,609,181.69 | | V. Net Profit (loss"-") | 2,222,073,182.13 | 1,948,223,809.70 | | 5.1 Classification by operation continuity | | | | (a) Net profit (loss) on continuous operation | 2,222,073,182.13 | 1,948,223,809.70 | | (b) Net profit (loss) on terminated operation | | | | 5.2 Classification by attribution of ownership | | | | (a) Net profit attributable to owners of parent
company | 1,915,903,199.88 | 1,811,255,388.03 | | (b) Profit or loss attributable to minority
shareholders | 306,169,982.25 | 136,968,421.67 | | VI. Other Comprehensive Income, Net of Income Tax | 33,548,490.10 | 54,430,037.77 | | Item | 2024 Q1 | 2023 Q1 | | Other comprehensive income attributable to owners of the
Company, net of tax | 14,987,924.38 | 21,506,594.75 | | (I) Items that will not be reclassified subsequently to profit or
loss | | | | (II) Other comprehensive income to be reclassified to profit
or loss in subsequent periods | 14,987,924.38 | 21,506,594.75 | | 1. Exchange differences arising on conversion of
financial statements denominated in foreign
currencies | 14,987,924.38 | 21,506,594.75 | | Other comprehensive income attributable to minority
interests, net of tax | 18,560,565.72 | 32,923,443.02 | | VII. Total Comprehensive Income | 2,255,621,672.23 | 2,002,653,847.47 | | Total comprehensive income attributable to owners of the
parent company | 1,930,891,124.26 | 1,832,761,982.78 | | Total comprehensive income attributable to minority
shareholders | 324,730,547.97 | 169,891,864.69 | | VIII. Earnings per Share | | | | (I) Basic earnings per share | 0.208 | 0.196 | | (II) Diluted earnings per share | 0.208 | 0.196 |
Legal Representative: Chen Zongnian Person in Charge of the Accounting work: Jin Yan Person in Charge of Accounting Institution: Zhan Junhua
1.3 Consolidated Cash Flow Statement
Unit: RMB
| Item | 2024 Q1 | 2023 Q1 | | I. Cash Flows from Operating Activities: | | | | Cash received from sale of goods or rendering of services | 22,155,532,069.57 | 18,869,426,242.58 | | Receipts of tax refunds | 796,835,677.83 | 845,422,057.10 | | Other cash receipts relating to operating activities | 524,398,997.07 | 549,990,821.05 | | Sub-total of cash inflows from operating activities | 23,476,766,744.47 | 20,264,839,120.73 | | Cash payments for goods purchased and services received | 17,304,388,368.80 | 14,493,826,723.21 | | Cash paid to and on behalf of employees | 6,809,449,666.27 | 6,122,808,771.33 | | Payments of various types of taxes | 1,506,954,661.21 | 1,425,619,771.90 | | Other cash payments relating to operating activities | 1,822,909,289.85 | 1,508,107,361.93 | | Sub-total of cash outflows from operating activities | 27,443,701,986.13 | 23,550,362,628.37 | | Net Cash Flows from Operating Activities | (3,966,935,241.66) | (3,285,523,507.64) | | II. Cash Flows from Investing Activities: | | | | Cash receipts from recovery of investments | 1,398,514,960.79 | 1,758,917,961.77 | | Net cash receipts from disposals of fixed assets, intangible
assets and other long-term assets | 10,402,987.98 | 2,023,878.10 | | Other cash receipts relating to investing activities | 19,566,585.71 | 12,429,300.57 | | Sub-total of cash inflows from investing activities | 1,428,484,534.48 | 1,773,371,140.44 | | Item | 2024 Q1 | 2023 Q1 | | Cash payments to acquire or construct fixed assets,
intangible assets and other long-term assets | 1,007,573,110.75 | 657,301,005.09 | | Cash paid to acquire investments | 1,424,948,274.81 | 1,830,866,341.05 | | Net Cash paid for obtaining subsidiaries and other business
units | | 43,992,651.78 | | Sub-total of cash outflows from investing activities | 2,432,521,385.56 | 2,532,159,997.92 | | Net Cash Flows from Investing Activities | (1,004,036,851.08) | (758,788,857.48) | | III. Cash Flows from financing Activities: | | | | Cash receipts from capital contributions | | 1,020,000.00 | | Including: cash receipts from capital contributions
from minority owners of subsidiaries | | 1,020,000.00 | | Cash receipts from borrowings | 1,401,340,085.25 | 3,677,681,322.07 | | Sub-total of cash inflows from financing activities | 1,401,340,085.25 | 3,678,701,322.07 | | Cash repayments of borrowings | 1,659,853,889.39 | 1,509,838,609.44 | | Cash payments for distribution of dividends or profits or
settlement of interest expenses | 173,748,772.63 | 77,014,997.47 | | Other cash payments relating to financing activities | 50,179,655.67 | 60,405,312.94 | | Sub-total of cash outflows from financing activities | 1,883,782,317.69 | 1,647,258,919.85 | | Net Cash Flows from Financing Activities | (482,442,232.44) | 2,031,442,402.22 | | IV. Effect of Foreign Exchange rate changes on Cash and
Cash Equivalents | (14,005,477.86) | (27,970,602.35) | | V. Net increase in Cash and Cash Equivalents | (5,467,419,803.04) | (2,040,840,565.25) | | Add: Opening balance of Cash and Cash Equivalents | 49,419,278,347.70 | 39,815,390,514.57 | | VI. Closing Balance of Cash and Cash Equivalents | 43,951,858,544.66 | 37,774,549,949.32 |
Legal Representative: Chen Zongnian Person in Charge of the Accounting work: Jin Yan Person in Charge of Accounting Institution: Zhan Junhua （未完）
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