Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
Stock Code: 002236 Stock Name: Dahua Technology Announcement No.: 2025-084
Zhejiang Dahua Technology Co., Ltd.
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 Content Reminder:
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 liabilities for
such information.
Officer) hereby declare and warrant that the financial statements in the quarterly report are authentic, accurate, and
complete.
□ Yes ?No
This document is a translated version of the Chinese version 2025 Third Quarter Report (“2025 年第三季度报告全文”), and the
published quarter report in the Chinese version shall prevail.
The complete published Chinese 2025 Third Quarter Report may be obtained at http://www.cninfo.com.cn.
Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
I. Key Financial Data
(I) Key Accounting Data and Financial Indexes
Whether the Company needs retroactive adjustment or restatement of accounting data in prior years or not
□ Yes ?No
Increase/Decrease of
the Period from the
Increase/decrease From the Beginning Beginning of the Year
Current reporting ratio compared with of the Year to the to the End of the
period the same period of End of the Current Current Reporting
last year Reporting Period Period Compared
with the Same Period
of the Previous Year
Operating revenue
(RMB)
Net profit attributable
to shareholders of
the listed Company
(RMB)
Net profit attributable
to shareholders of
the listed company
after deducting non-
recurring gains and
losses (RMB)
Net cash flow
generated by
— — 1,563,656,132.50 1,351.77%
operational activities
(RMB)
Basic earnings per
share (RMB/Share)
Diluted earnings per
share (RMB/Share)
Weighted average
ROE
Increase/decrease at the end of the current
End of this reporting
End of the last year reporting period compared with the end of the
period
previous year
Total assets (RMB) 52,144,046,937.12 52,735,912,081.82 -1.12%
Owners' Equity
Attributable to
Shareholders of the 38,223,096,808.24 36,028,046,171.08 6.09%
Listed Company
(Unit: RMB)
Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
(II) Non-recurring Gains and Losses and Their Amounts
?Applicable □ Not applicable
Unit: RMB
The Amount from the
Beginning of the Year
Amount in the Current
Item to the End of the Note
Reporting Period
Current Reporting
Period
Profits or losses from disposal of non-current
assets (including the write-off for the accrued -1,533,630.98 483,831,482.50
impairment of assets)
The government subsidies included in the current
profits and losses (excluding the government
subsidies closely related to regular businesses of
the Company, in line with national policies, entitled 47,796,196.05 242,086,638.37
to according to the established standard, and
continuously impacting the Company's profits and
losses)
Profits and losses resulting from the changes in
fair value for financial assets and financial
liabilities held by non-financial enterprises, and
from disposal of financial assets and liabilities,
excluding the effective hedging businesses related
to the regular business operation of the Company
Gains or losses from investment or asset
management entrusted to others
Reversal of the receivables depreciation reserves
for separate impairment test
Profits and losses on debt restructuring -9,710.00 -7,673,787.54
Non-Operating Revenue and expenses other than
the above
Other gains and losses items that fit the definition
-7,787,446.32
of non-recurring gains and losses
Less: Impact of income tax 54,148,194.67 224,790,349.52
Impact of minority equity (after tax) 6,944,660.72 15,075,859.15
Total 299,390,421.22 979,023,760.13 --
Other gains or losses that fit the definition of non-recurring gains or losses:
□ Applicable ?Not applicable
The Company has no other gains or losses that fit the definition of non-recurring gains or losses.
Note for the definition of non-recurring gains and losses listed in the No. 1 Explanatory Announcement on Information
Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses, as recurring gains
and losses.
□ Applicable ?Not applicable
The Company did not define any non-recurring gains and losses listed in the No. 1 Explanatory Announcement on
Information Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses as
recurring gains and losses.
(III) The Changes in key accounting data and financial indexes and the reasons for such
changes
?Applicable □ Not applicable
Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
(I) Changes in the Balance Sheet and Explanations for the Reasons
of large-denomination certificates of deposit, the disbursement of year-end bonuses, and the distribution of dividends;
growth in financial products during the period;
result of the reclassification of large-denomination certificates of deposit maturing within one year;
to fluctuations in the fair value of asset management plans;
completion and subsequent transfer of construction-in-progress to operational status;
large-denomination certificates of deposit during the period;
repayment of bank loans during the period;
disbursing year-end bonuses;
obligations related to the repurchase of restricted shares and managed dividends;
long-term lease contracts following the expiration of the lease agreements;
attributable to the net presentation of deferred income tax;
the disposal of equity in Hangzhou Huacheng Network Technology Co., Ltd., which led to a corresponding reduction in
minority shareholders' equity.
(II) Changes in the Income Statement Items and Explanations for the Reasons
attributable to an increase in exchange earnings compared to the same period last year;
by a rise in equity transfer income compared to the same period last year;
mainly due to an increase in fair value change income from other non-current financial assets compared to the same
period last year;
due to the rise in taxable income during the current period resulting in a corresponding increase in income tax
obligations.;
(III) Changes in the Cash Flow Statement Items and Explanations for the Reasons
previous year, mainly due to an increase in sales collections compared to the corresponding period of the previous
year;
previous year, mainly due to a decrease in investments in large-denomination certificates of deposit compared to the
same period last year;
Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
II. Information on Shareholders
(I) The total number of common stock shareholders, the number of preferred stock
shareholders whose voting rights have been restored, and the shareholdings of the top 10
shareholders
Unit: share
Total Number Of Common Total Number of Preferred Shareholders (If Any)
Shareholders At The End Of 186,665 Whose Voting Rights have been Recovered at 0
The Reporting Period the End of the Reporting Period
Shareholdings of the top 10 shareholders (excluding shares lent by refinancing)
Number of Pledges, markings,
Shareholdin shares held or freezing
Nature of Number of
Name of Shareholder g with limited
Shareholder shares held State Of Quant
Percentage sales
Shares ity
conditions
Domestic Not
Fu Liquan 31.15% 1,023,868,980 767,901,735 0
Natural Person applicable
China Mobile
State-owned Not
Communications Group 8.92% 293,103,400 293,103,400 0
Legal Person applicable
Co., Ltd.
Domestic Not
Zhu Jiangming 4.60% 151,190,260 0 0
Natural Person applicable
Hong Kong Securities Overseas Not
Clearing Co. Ltd. Legal Person applicable
Domestic Not
Chen Ailing 2.17% 71,262,813 53,447,110 0
Natural Person applicable
Domestic Not
Wu Jun 2.10% 69,172,886 51,879,664 0
Natural Person applicable
Industrial Bank Co., Ltd. -
Huaxia CSI Robotic Not
Others 1.66% 54,513,675 0 0
Trading Open Index applicable
Securities Investment Fund
Domestic Non-
China Securities Finance Not
state-owned 1.21% 39,611,241 0 0
Co., Ltd. applicable
Legal Person
Industrial and Commercial
Bank of China Limited -
Huatai-PineBridge CSI 300 Not
Others 1.03% 33,857,130 0 0
Exchange-traded Open- applicable
end Index Securities
Investment Fund
China Construction Bank
Stock Corporation - E Fund
Not
CSI 300 Exchange Traded Others 0.74% 24,360,743 0 0
applicable
Open-End Index-Initiated
Securities Investment Fund
Shareholding of the top 10 unlimited sale condition shareholders (excluding shares lent through refinancing and lock-
up shares for senior management)
Types and quantities of shares
Number of shares held without
Name of Shareholder Type of
limited sales condition Quantity
shares
RMB common
Fu Liquan 255,967,245 255,967,245
stock
RMB common
Zhu Jiangming 151,190,260 151,190,260
stock
RMB common
Hong Kong Securities Clearing Co. Ltd. 95,273,089 95,273,089
stock
Industrial Bank Co., Ltd. - Huaxia CSI Robotic RMB common
Trading Open Index Securities Investment Fund stock
RMB common
China Securities Finance Co., Ltd. 39,611,241 39,611,241
stock
Industrial and Commercial Bank of China 33,857,130 RMB common 33,857,130
Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
Limited - Huatai-PineBridge CSI 300 Exchange- stock
traded Open-end Index Securities Investment
Fund
China Construction Bank Stock Corporation - E
RMB common
Fund CSI 300 Exchange Traded Open-End 24,360,743 24,360,743
stock
Index-Initiated Securities Investment Fund
PICC Life Insurance Company Limited - dividend RMB common
- individual insurance dividend stock
Cathay Haitong Securities Co., Ltd. - Tianhong
RMB common
CSI Robotic Exchange Traded Open-End Index 21,737,383 21,737,383
stock
Securities Investment Fund
Industrial and Commercial Bank of China
RMB common
Limited - Hua Xia CSI 300 Exchange Traded 18,179,751 18,179,751
stock
Open-End Index Securities Investment Fund
Description of the association relationship or Mr. Fu Liquan and Ms. Chen Ailing are husband and wife. The
concerted action of above-mentioned Company Is Unaware Of Whether Other Shareholders Have
shareholders Associated Relationship Or Are Persons Acting In Concert
Explanation On Top Ten Shareholders’
Not applicable
Participation In Securities Margin Trading (If Any)
As of September 30, 2025, the company's dedicated securities
repurchase account holds 26,471,801 shares of the company's
Special note on the existence of repurchase
common stock A shares, which, according to requirements, are
special accounts among the top 10 shareholders
not included in the company's top 10 shareholders or top 10
unrestricted shareholders listings.
Shareholders holding more than 5% of shares, the top 10 shareholders and the top 10 shareholders without limited
outstanding shares participating in the lending of shares through refinancing
□ Applicable ?Not applicable
Changes in top 10 shareholders and top 10 shareholders without limited outstanding shares over the previous period
due to refinancing, lending/returning
□ Applicable ?Not applicable
(II) The total number of preferred stock shareholders and the shareholdings of the top 10
preferred stock shareholders
□ Applicable ?Not applicable
III. Other Significant Matters
?Applicable □ Not applicable
incentive plan have been met. The exercise period is scheduled from July 11, 2024, to July 10, 2025, and the exercise
method shall be voluntary. As of July 10, 2025, the second exercise period for the company's stock options has
concluded. A total of 14,966,224 stock options were exercised during the exercise period, of which 3,913,320 stock
options were exercised in the third quarter of 2025.
Board of Supervisors, during which the "Proposal on the Cancellation of Stock Options under the 2022 Stock Option
and Restricted Share Incentive Plan" was reviewed and approved. Because the company's performance did not meet
the exercise conditions, incentive recipients left the company, and the second exercise period expired, the Board of
Directors and the Board of Supervisors have resolved to cancel 25,696,010 stock options that were previously granted
to the incentive recipients but remain unexercised. During the reporting period, the aforementioned stock options were
fully cancelled. For details, please refer to the company’s announcement regarding the completion of the stock option
cancellation disclosed, which has been disclosed on the Juchao Information Network under the title “Announcement
Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
on the Completion of Stock Option Cancellation” (2025-066). The cancelled stock options had not been exercised, and
this cancellation will have no impact on the company’s share capital.
Zhejiang HuaRay Technology Co., Ltd., was changed from a domestic stock exchange to The Stock Exchange of
Hong Kong Limited. For detailed information, please refer to the company's "Notice on the Adjustment of the
Controlling Subsidiary to Overseas Listing" disclosed on July 16, 2025, on Juchao Information Network.
share repurchase via competitive bidding, with the highest transaction price at RMB 15.71 per share, the lowest
transaction price at RMB 15.16 per share, and a total transaction amount of RMB 103.41 million (excluding transaction
fees).
IV. Quarterly Financial Statements
(I) Financial Statements
Prepared by: Zhejiang Dahua Technology Co., Ltd.
September 30, 2025
Unit: RMB
Item Closing Balance Opening Balance
Current Assets:
Cash and bank balances 7,823,033,416.59 11,181,803,423.83
Deposit reservation for balance
Loans to Banks and Other
Financial Institutions
Trading financial assets 344,866,392.38 229,927,529.28
Derivative Financial Assets
Notes receivable 664,757,569.51 777,750,260.09
Accounts receivable 16,124,421,259.24 17,046,094,518.79
Receivables Financing 803,268,810.82 841,815,267.43
Prepayments 326,934,442.42 310,574,867.09
Premium receivable
Reinsurance Accounts Receivable
Reinsurance Contract Reserves
Receivable
Other Receivables 312,674,827.67 293,728,850.42
Including: interest receivable
Dividends receivable
Buying Back the Sale of Financial
Assets
Inventory 6,359,728,522.93 5,203,560,771.25
Among them: Data resources
Contract assets 94,952,095.62 87,397,517.09
Holding for-sale assets
Non-current Assets Due within 1
Year
Other current assets 743,445,094.12 1,035,802,016.58
Total current assets 34,018,410,749.04 37,246,063,663.15
Non-current asset:
Granting of loans and advances
Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
Investment in Creditor's Rights
Investment in Other Creditor's
Rights
Long-term Receivables 652,866,847.95 744,412,552.00
Long-term Equity Investment 763,221,205.62 722,241,568.57
Investment in Other Equity
Instruments
Other Non-current Financial Assets 1,760,279,615.71 1,274,697,490.87
Investment property 160,014,717.26 139,280,586.26
Fixed Assets 6,197,492,806.19 4,973,953,628.05
Projects under Construction 20,301,567.27 1,254,554,187.36
Productive biological asset
Oil and gas assets
Right-of-use assets 275,298,889.68 232,124,277.86
Intangible asset 563,316,686.70 578,035,438.59
Among them: Data resources
Development Expenditure
Among them: Data resources
Goodwill 6,615,294.18 6,615,294.18
Long-term Deferred Expenses 77,913,581.62 99,410,405.42
Deferred income tax assets 1,046,612,510.14 1,136,746,080.45
Other non-current assets 6,601,702,465.76 4,327,776,909.06
Total non-current assets 18,125,636,188.08 15,489,848,418.67
Total assets 52,144,046,937.12 52,735,912,081.82
Current liabilities:
Short-term loan 202,228,107.58 995,000,000.00
Borrowing from the central bank
Borrowings from Banks and Other
Financial Institutions
Transactional financial liabilities 3,173,538.06 4,268,603.52
Derivative financial liability
Notes Payable 3,393,721,610.79 3,599,974,242.02
Accounts Payable 5,595,411,808.07 5,877,976,861.13
Advance payments
Contract liabilities 1,003,738,801.56 1,282,204,348.75
Proceeds from the sale and
repurchase of financial assets
Deposit Taking and Interbank
Deposit
Receiving from Vicariously Traded
Securities
Receiving from Vicariously Sold
Securities
Payroll payable 1,079,801,726.92 1,811,053,208.92
Taxes payable 383,559,108.12 405,860,321.63
Other payables 401,079,766.96 637,013,560.05
Including: interest payable
Dividends Payable 22,951,560.23
Payable service charges and
commissions
Reinsurance Accounts Payable
Holding for-sale liabilities
Non-current Liabilities Due within 1
Year
Other current liabilities 161,670,541.46 160,151,530.23
Total current liabilities 12,333,472,806.18 14,890,730,488.33
Non-current liability:
Insurance Contract Reserves
Long-term loan
Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
Bonds Payable
Including: Preferred Stocks
Perpetual Bonds
Lease liabilities 160,104,643.17 114,313,807.41
Long-term payables
Long-term payroll payable
Expected Liabilities 317,313,274.97 268,194,691.24
Deferred income 171,690,223.70 186,181,012.99
Deferred income tax liabilities 44,436,429.41 19,162.22
Other non-current liabilities 92,146,733.41 102,264,089.02
Total non-current liabilities 785,691,304.66 670,972,762.88
Total liabilities 13,119,164,110.84 15,561,703,251.21
Owner's equity:
Share Capital 3,286,755,574.00 3,295,629,733.00
Other equity instruments
Including: Preferred Stocks
Perpetual Bonds
Capital Reserves 7,230,485,488.93 7,156,767,235.86
Less: treasury share 523,372,315.27 564,654,524.63
Other comprehensive income 127,391,943.84 104,358,460.57
Special reserve
Surplus Reserves 1,647,814,866.50 1,647,814,866.50
General risk reserve
Undistributed Profits 26,454,021,250.24 24,388,130,399.78
Total equity attributable to the parent
company's shareholders
Minority shareholders' equity 801,786,018.04 1,146,162,659.53
Total owners' equity 39,024,882,826.28 37,174,208,830.61
Total liabilities and shareholders'
equity
Legal representative: Fu Liquan Person in charge of accounting work: Xu Qiaofen
Head of accounting department: Zhu Zhuling
the Reporting Period
Unit: RMB
Amount Occurred in the Current Amount Occurred in the Previous
Item
Period Period
I. Total Operating Revenue 22,912,542,319.59 22,450,081,877.91
Among them: operating revenue 22,912,542,319.59 22,450,081,877.91
Interest income
Earned Premiums
Service Charge and
Commission Income
II. Total Operating Cost 20,441,398,270.21 20,479,553,255.38
Including: Operating Cost 13,368,849,135.26 13,384,476,816.95
Interest expense
Service Charge and
Commission Expenses
Surrender Value
Net Claims Paid
Extract net reserve for
insurance liabilities
Policyholder Dividend
Expense
Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
Reinsurance Cost
Taxes and Surcharges 184,294,201.97 158,769,418.18
Sales expenses 3,362,702,440.87 3,422,402,593.82
Administration expenses 865,197,104.23 791,951,815.79
Research and development
expense
Financial expenses -406,979,670.33 -241,516,249.89
Including: interest
-12,356,024.52 39,674,726.41
expenses
Interest income 241,262,840.22 321,556,480.66
Add: Other income 803,734,554.97 715,671,983.83
Investment Income (Mark "-"
for Loss)
Including: investment
income from joint ventures and joint 23,880,017.26 14,333,289.80
ventures
Profits from
recognition Termination of Financial -8,072,879.22 -868,841.91
Assets at Amortized Cost
Exchange Gains (Mark "-" for
Losses)
Profit of Net Exposure
Hedging (Mark "-" for Loss)
Incomes from changes in fair
value (losses marked with "-")
Credit Impairment Losses
-213,337,424.57 -273,581,881.25
(Mark "-" for Loss)
Asset Impairment Losses
-81,284,737.68 -68,754,496.66
(Mark "-" for Loss)
Asset Disposal Income (Mark
"-" for Loss)
III. Operating Profit (Mark "-" for
Loss)
Add: non-operating revenue 9,864,439.24 11,576,723.73
Less: non-operating expense 9,415,229.34 5,200,907.98
IV. Total Profit (Mark "-" for Total
Loss)
Less: Income Tax Expense 316,826,289.59 -24,330,512.03
V. Net Profit (Mark "-" for Net Loss) 3,667,630,737.35 2,599,179,662.75
(I) Classified by operation
continuity
(Mark "-" for Net Loss)
Operation (Mark "-" for Net Loss)
(II) Classified by the attribution of
ownership
Shareholders of Parent Company 3,535,468,570.41 2,545,010,271.97
(Net Loss to be filled in as “-”)
and Loss (Net Loss to be filled in as 132,162,166.94 54,169,390.78
"-”)
VI. Other Comprehensive Income,
Net of Tax
Other comprehensive income, net
of tax, attributable to the parent 23,033,483.27 49,221,225.74
company owners
(I) Other comprehensive income
that cannot be reclassified into profit
Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
or loss
the defined benefit plan
income that cannot be transferred to
P/L under the equity method
investment in other equity
instruments
the credit risk of the enterprise
(II) Other comprehensive income
that will be reclassified as P/L
income that can be transferred to P/L
under the equity method
investment in other creditor's rights
into other comprehensive income
impairment of investment in other
creditor's rights
difference
Net Amount of Other
Comprehensive Incomes After Tax 912,714.38 -311,133.67
Attributable to Minority Shareholders
VII. Total Comprehensive Income 3,691,576,935.00 2,648,089,754.82
(I) Total Comprehensive Income
Attributable to the Owner of the 3,558,502,053.68 2,594,231,497.71
Parent Company
(II) Total Comprehensive Income
Attributable to Minority Shareholders
VIII. Earnings per Share:
(I) Basic Earnings per Share 1.09 0.78
(II) Diluted Earnings per Share 1.09 0.78
Legal representative: Fu Liquan Person in charge of accounting work: Xu Qiaofen
Head of accounting department: Zhu Zhuling
of the Reporting Period
Unit: RMB
Amount Occurred in the Current Amount Occurred in the Previous
Item
Period Period
I. Cash Flow Generated by
Operational Activities:
Cash from Sales of Merchandise
and Provision of Services
Net increase in customer 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
Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
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 787,396,650.45 913,794,211.98
Other Received Cash Related to
Operational Activities
Subtotal of cash inflow from
operating activities
Cash paid for goods and services 17,073,600,689.91 16,171,889,578.67
Net increase in customer loans
and advances
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 6,202,945,807.87 6,181,340,629.44
Taxes and fees paid 1,603,635,394.80 1,947,752,603.44
Other Paid Cash Related to
Operational Activities
Total cash outflow from operating
activities
Net cash flow generated by operating
activities
II. Cash Flow from Investment
Activities:
Cash Arising from Disposal of
Investments
Cash received from investment
income
Net cash recovered from disposal
of fixed assets, intangible assets, and 3,170,933.41 1,475,177.62
other long-term assets
Net cash received from disposal of
subsidiaries and other business units
Cash received from other activities
related to investing
Total cash inflow from investing
activities
Cash paid for the acquisition and
construction of fixed assets,
intangible assets, and other long-
term assets
Cash paid for investment activities 11,957,923,891.90 8,236,759,253.43
Net increase in pledge loans
Net Cash Paid for Acquisition of
Zhejiang Dahua Technology Co., Ltd. 2025 Third Quarter Report
Subsidiaries and Other Business
Units
Cash paid for other investment
activities
Total cash outflow from investing
activities
Net amount of cash flow generated
-2,467,955,490.45 -4,467,251,871.49
by investment activities
III. Cash Flow from Financing
Activities:
Cash Arising from Absorbing
Investments
Among them: cash received by
subsidiaries from minority
shareholder investments
Cash Arising from Borrowings 903,178,107.58 2,214,437,200.00
Other Received Cash Related to
Financing Activities
Subtotal of cash inflow from financing
activities
Cash paid for debt repayment 1,695,950,000.00 2,661,814,753.64
Cash paid for distribution of
dividends, profits, or interest 1,496,098,757.94 1,889,155,961.29
payments
Among them: dividends and
profits paid by subsidiaries to 7,978,707.94
minority shareholders
Cash paid for other financing
activities
Total cash outflow from financing
activities
Net cash flow generated by financing
-2,532,302,180.53 -2,508,935,214.64
activities
IV. Impact of Exchange Rate
Fluctuations on Cash and Cash 77,706,236.05 83,152,871.90
Equivalents
V. Net Increase in Cash and Cash
-3,358,895,302.43 -7,017,949,935.93
Equivalents
Add: Beginning balance of cash
and cash equivalents
VI. Ending Balance of Cash and
Cash Equivalents
(II) Adjustments to relevant items of financial statements as of the beginning of the year in
which the new accounting standards are first implemented in 2025.
□ Applicable ?Not applicable
(III) Audit Report
Has the financial accounting report for the third quarter been audited?
□ Yes ?No
The company's third quarter financial accounting report has not been audited.
Board of Directors of Zhejiang Dahua Technology Co., Ltd.
October 25, 2025
