东方精工:2020年第一季度报告(英文版)

来源:巨灵信息 2020-06-03 00:00:00
关注证券之星官方微博:
                  Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report


                                广东东方精工科技股份有限公司
                                      英文季度报披露说明

    近年来中国资本市场持续加大对外开放力度,鼓励境外投资者更多参与,东方精工科技
股份有限公司(以下简称“公司”)为更好地服务越来越多的境外投资者,让境外投资者更
便捷地获取公司经营与财务等方面信息,同时也更充分地向境外投资者传递公司的投资价值,
提升公司国际化水平,公司披露《2020年第一季度报告》的英文版本。

    本次报告翻译中,涉及众多瓦楞包装机械行业和财会方面的专业术语。虽然公司已尽力
确保原文内容得到准确的转译,但仍可能会存在不恰当之处。公司在此声明:如果您在阅读
《2020年第一季度报告》的中文、英文文本的过程中,在对文本的理解上发生歧义时,以中
文文本为准。




In recent years, China's capital market continues to open to the outside world and encouraged
foreign investors to participate in the financial market of China. Guangdong Dongfang Precision
Science & Technology Co., Ltd. (hereinafter referred to as ”the company”) discloses its Q1 2020
Report in English, that we believe can enables for foreign investors to obtain information about the
company's operation and finance more conveniently, and fully convey the investment value of the
company to them, and at the same time help continuously improving the company's international
level.

As the report involves many professional terms translation of Corrugated packaging machinery
industry and financial accounting, the company has made great efforts to ensure the accurate
translation of the original content, but there may still be some inadequacies.

The company hereby declares that in case of any ambiguity in your understanding of the Chinese
version and English version of the Q1 2020 Report, the Chinese version shall prevail.




                                                                                                   1
          Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report




Guangdong Dongfang Precision Science&Technology Co.,Ltd.



                            Q1 2020 Report




                               April 2020


                                                                                   2
                Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report




                           Section 1 Important Notice



The company's board of directors, board of supervisors, directors, supervisors,

and senior management ensure that the contents of the quarterly report are true,

accurate, and complete, that there are no false records, misleading statements,

or major omissions, and if there are any, we shall bear individual and joint legal

responsibilities.

All the directors attended the board meeting to review this quarterly report.

Tang Zhuolin, person in charge of the company, Qiu Yezhi, person in charge of

accounting work, and Qiu Yezhi, person in charge of accounting institutions

(accounting officer) hereby confirm that the financial report in the quarterly

report is true, accurate and complete.




                                                                                         3
                          Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report




                          Section 2 Basic information of the company


I. Main Accounting Data and Financial Indicators


Does the company need to retroactively adjust or restate previous year's accounting data

□ YES √ NO

                                                                                                               Increase or decrease
                                              Current Period                Same period of last year
                                                                                                           by...than the previous period

Operating income (yuan)                                   618,374,944.67             1,199,609,998.96                          -48.45%

Net profit attributable to shareholders of
                                                           47,491,377.77                   26,225,836.51                        81.09%
listed companies (yuan)

Net profit attributable to shareholders of

listed    companies       after   deducting                25,666,651.19                   23,381,604.22                         9.77%

non-recurring gains and losses (yuan)

Net cash flow from operating activities
                                                          -85,471,622.64               419,627,201.97                         -120.37%
(yuan)

Basic earnings per share (yuan / share)                              0.03                           0.01                      200.00%

Diluted earnings per share (yuan / share)                            0.03                           0.01                      200.00%

Weighted average return on net assets                              1.09%                          0.66%                          0.43%

                                                                                                               Increase or decrease
                                              At the end of the reporting    At the end of last year
                                                                                                           by...than the previous period

Total assets (yuan)                                     6,367,537,031.88             6,273,516,157.31                            1.50%

Net assets attributable to shareholders of
                                                        4,384,368,109.33             4,337,064,607.87                            1.09%
listed companies (yuan)




                                                                                                                                           4
                          Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Non-recurring items and amounts

√ Applicable □ Not applicable

                                                                                                                                  Unit: yuan

                                                                           Amount   from year-begin
                                                                                      to
                                  Item                                                                              Explanation
                                                                                    period-end



Government subsidies included in the current profit and loss

(closely related to the business of the enterprise, except for
                                                                                            548,066.08
government subsidies that are fixed or quantified according to the

national unified standard)

In addition to the effective hedging business related to the

company's normal business operations, holding transactional

financial assets, derivative financial assets, transactional financial
                                                                                                          Mainly for the bank wealth
liabilities, fair value changes in derivative financial liabilities, and                23,139,327.66
                                                                                                          management income
disposal of transactional financial assets and derivative financial

investment income from assets, trading financial liabilities,

derivative financial liabilities and other debt investments

Other non-operating income and expenses other than the above                               2,008,464.03

Deduct: the amount of income tax impact                                                    3,857,143.82

Minority shareholders' equity impact (after tax)                                             13,987.37

In total                                                                                21,824,726.58                    --

For the company's non-recurring gains and losses items defined by the "Announcement No. 1 of Information Disclosure by

Companies Offering Securities to the Public — Non-recurring Gains and Losses" and the non-recurring gains and losses items

defined by "Announcement No. 1 of Information Disclosure by Companies Offering Securities to the Public —Non-recurring Gains

and Losses" as recurring gains and losses, the reasons should be explained

□ Applicable √ Not applicable

During the reporting period of the company, there were no situations in which the non-recurring gains and losses items listed in

accordance with the definition of "Announcement No. 1 of Information Disclosure by Companies Offering Securities to the Public —

Non-recurring Gains and Losses" were defined and listed as recurring gains and losses




                                                                                                                                          5
                        Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report


II. Total shareholders at the end of the reporting period and the top ten shareholders'
shareholding table

1. The total number of ordinary shareholders and the number of preferred shareholders with voting rights
restored and the top 10 shareholders' shareholding table


                                                                                                                            Unit: shares

                                                          Total number of preferred
Total number of ordinary
                                                          shareholders with voting rights
shareholders at the end of the                   50,278                                                                              0
                                                          restored at the end of the reporting
reporting period
                                                          period (if any)

                                                      The top 10 shareholders

                        Nature      of Shareholding                           Number of shares Pledge or freeze situation
Name of shareholder                                       Number of shares with limited sales
                        shareholders ratio                                       conditions          Share status   Quantity

                        Domestic
Tang Zhuolin            natural                 17.52%         270,737,568         203,053,176            Pledge         187,000,000
                        person

                        Domestic
Tang Zhuomian           natural                  8.79%         135,885,134                       0
                        person

Pulead Technology       State-owned
                                                 4.97%           76,810,172           76,810,172          Pledge            76,810,172
Industry Co.,Ltd.       legal person

Beijing Automotive
                        State-owned
Group Industry                                   3.14%           48,511,689           48,511,689
                        legal person
Investment Co.,Ltd.

                        Domestic
Contemporary
                        non-state-ow
Amperex Technology                               3.01%           46,490,368           46,490,368
                        ned legal
Co. Limited
                        person

                        Domestic
Ruan Huili              natural                  2.92%           45,087,232                      0
                        person

Construction
                        State-owned
Investment Investment                            2.54%           39,215,685                      0
                        legal person
Co., Ltd.

Luzhou Industrial
                        State-owned
Investment Group                                 2.06%           31,770,010                      0
                        legal person
Co., Ltd.




                                                                                                                                         6
                         Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Huarong
Securities-China
Merchants
Securities-Huarong      Other                     2.03%         31,372,549                   0
Youzhi No. 1
Collective Asset
Management Plan

Qinghai Puren           Domestic
Intelligent Technology non-state-ow
                                                  1.72%         26,628,340         26,628,340            Pledge           22,110,216
R & D Center            ned legal
(Limited Partnership) person

                                    Shareholdings of the top 10 shareholders with unlimited sales

                                                                                                 Types of shares
        Name of shareholder                 Number of shares with unlimited sales held
                                                                                                 Types of shares   Quantity

                                                                                                 RMB common
Tang Zhuomian                                                                     135,885,134                            135,885,134
                                                                                                 stock

                                                                                                 RMB common
Tang Zhuolin                                                                       67,684,392                             67,684,392
                                                                                                 stock

                                                                                                 RMB common
Ruan Huili                                                                         45,087,232                             45,087,232
                                                                                                 stock

Construction Investment Investment                                                               RMB common
                                                                                   39,215,685                             39,215,685
Co., Ltd.                                                                                        stock


Luzhou Industrial Investment Group                                                               RMB common
                                                                                   31,770,010                             31,770,010
Co., Ltd.                                                                                        stock


Huarong              Securities-China

Merchants          Securities-Huarong                                                            RMB common
                                                                                   31,372,549                             31,372,549
Youzhi No. 1 Collective Asset                                                                    stock


Management Plan

Sheng Ji Equity Investment Fund                                                                  RMB common
                                                                                   19,607,843                             19,607,843
(Shanghai) Co., Ltd.                                                                             stock

                                                                                                 RMB common
Ruan Weixing                                                                       14,704,108                             14,704,108
                                                                                                 stock

                                                                                                 RMB common
Liang Tongcan                                                                      11,000,000                             11,000,000
                                                                                                 stock

Hong Kong Securities Clearing                                                      10,871,293 RMB common                  10,871,293



                                                                                                                                       7
                         Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Company Limited                                                                                  stock

                                       Mr. Tang Zhuolin and Mr. Tang Zhuomian are brothers. On August 18, 2010, the two signed a
                                       "Consistent Action Agreement."Pulead Technology Industry Co.,Ltd. and Qinghai Puren
Explanation of the relationship or
                                       Intelligent Technology R & D Center (Limited Partnership) belongs to the consistent actionist
concerted action of the aforesaid
                                       relationship. Beijing Automotive Group Industry Investment Co.,Ltd. and Beiqi Foton Motor
shareholders
                                       Co., Ltd. belongs to the consistent actionist relationship.The company is not aware of whether
                                       there is an associated relationship or a concerted action other aforesaid shareholders.

Explanation of the top 10 common
stock shareholders' participation in
                                       None.
financing and securities lending
business (if any)

Whether the top 10 ordinary shareholders of the company and the top 10 ordinary shareholders of unrestricted shares in the report

period conducted agreed repurchase transactions

□ Yes √ No

The top 10 common stock shareholders of the company and the top 10 common stock shareholders with unrestricted sales conditions

did not engage in agreed buyback transactions during the reporting period.



2. The total number of preferred shareholders of the company and the top 10 preferred shareholders
□ Applicable √ Not applicable




                                                                                                                                        8
                                                               Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report



                                                       Section 3 Important matters


I.   The main financial data and financial indicators during the reporting period have changed and the reasons
√ Applicable □ Not applicable


                                                                                                                                                     Unit: yuan

1.Balance sheet items

                                         Ending              Opening                           Change
             Sheet items                                                     Change amount                   Explanation of the reason for the change
                                         balance              Balance                           rate

                                                                                               -46.30%   Mainly due to the recovery of due wealth
       Trading financial assets       625,117,440.46      1,164,039,381.59   -538,921,941.13
                                                                                                         management products.

                                                                                               -39.10%   Mainly due to the maturity of some bank
        Receivable financing           33,766,966.67        55,447,099.32     -21,680,132.65
                                                                                                         acceptance bills.

             Prepayments               34,587,322.69        25,901,123.85       8,686,198.84   33.54%    Mainly due to increased procurement.

                                                                                               426.61%   Mainly due to the prepayment of corporate income
         Other current assets         117,677,005.17        22,346,314.29      95,330,690.88             tax, it will be refunded after the completion of the
                                                                                                         corporate income tax settlement.

           Short-term loan             75,568,139.52       117,888,353.14     -42,320,213.62   -35.90%   Mainly due to loan repayment.

            Bills payable              60,169,018.21        43,973,859.51      16,195,158.70   36.83%    Mainly due to increased procurement.

 Non-current liabilities due within                                                            34.19%    Mainly due to reclassification of long-term loans
                                      474,214,939.69       353,399,238.29     120,815,701.40
               one year                                                                                  due within one year.

           Long-term loan              32,406,010.94       224,146,667.48    -191,740,656.54   -85.54%   Mainly due to reclassification of long-term loans

                                                                                                                                                                9
                                                 Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

                                                                                           due within one year.


2.Income statement items


                            This period     Previous period
                                                                                 Change
         Sheet items        (January to       (January to      Change amount                   Explanation of the reason for the change
                                                                                  ratio
                           March 2020)       March 2019)

                                                                                           The main reason is that the scope of consolidated
      Operating income     618,374,944.67   1,199,609,998.96   -581,235,054.29   -48.45%   statements for the same period last year contains
                                                                                           Pride's January-March 2019 data.

                                                                                           The main reason is that the scope of consolidated
        Operating cost     457,636,080.05    992,610,812.80    -534,974,732.75   -53.90%   statements for the same period last year contains
                                                                                           Pride's January-March 2019 data.

                                                                                           The main reason is that the scope of consolidated
      Management fees       55,671,100.82     74,708,510.39     -19,037,409.57   -25.48%   statements for the same period last year contains
                                                                                           Pride's January-March 2019 data.

                                                                                           The main reason is that the scope of consolidated
       R&D expenses         13,749,361.22     26,167,032.77     -12,417,671.55   -47.46%   statements for the same period last year contains
                                                                                           Pride's January-March 2019 data.

                                                                                           The main reason is that the scope of consolidated
      Financial expenses     3,624,557.98     10,543,314.24      -6,918,756.26   -65.62%   statements for the same period last year contains
                                                                                           Pride's January-March 2019 data.

                                                                                           The main reason is that the scope of consolidated
     Income tax expense     15,109,392.60     22,903,255.15      -7,793,862.55   -34.03%   statements for the same period last year contains
                                                                                           Pride's January-March 2019 data.



                                                                                                                                               10
                                                      Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

3.Cash flow statement items

                                 This period     Previous period
                                                                                      Change
             Sheet items         (January to      (January to      Change amount                     Explanation of the reason for the change
                                                                                       ratio
                                March 2020)       March 2019)

                                                                                                 The main reason is that the scope of consolidated
Net cash flow from operating
                                -85,471,622.64    419,627,201.97   -505,098,824.61    -120.37%   statements for the same period last year contains
activities
                                                                                                 Pride's January-March 2019 data.

                                                                                                 The main reason is that the scope of consolidated
Net cash flows from investing
                                485,264,213.23   -953,714,856.61   1,438,979,069.84   -150.88%   statements for the same period last year contains
activities
                                                                                                 Pride's January-March 2019 data.

                                                                                                 This is mainly due to the fact that the scope of the
                                                                                                 consolidated statement for the same period last
Net cash flow from financing                                                                     year contains Pride's data for January-March 2019,
                                -92,031,901.83   -140,352,574.44     48,320,672.61     -34.43%
activities                                                                                       and that the company implemented its own funds
                                                                                                 to buy back shares during the same period last
                                                                                                 year.




                                                                                                                                                     11
                         Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

II. Analysis of the progress of important matters, their impact and solutions

√ Applicable □ Not applicable


     1. Overview of the company's overall operations in the first quarter of 2020
     In the first quarter of 2020, the occurrence of a new coronavirus pneumonia outbreak had a negative impact on the
health and safety of the people across the country and the normal development of economic activities in all aspects of
society. Under the strong leadership of the Party and the government, Dongfang Precision actively deployed the
epidemic prevention and control work, and worked together with all walks of life and the people of the country to fight
the epidemic together. Under the premise of doing a good job in epidemic prevention and control and ensuring the
safety of all employees, the company actively promotes the resumption of work and production in accordance with the
overall arrangement of governments at all levels. During the reporting period, the overall main business maintained a
relatively stable trend, and there was no significant change in main business income due to the epidemic.
     The epidemic has only a short-term, temporary impact on the normal business activities of the company's domestic
business entities, mainly due to the delay in resumption of work compared with previous years, the temporary delay in
procurement and supply, and the temporary obstruction of marketing services due to inconvenient transportation. The
above factors have little impact on the normal operations of business entities in various countries in the first quarter of
2020.
     In the first quarter of 2020, within the scope authorized by the board of directors, the investment income obtained
by the company using idle self-owned funds to purchase wealth management products increased significantly
year-on-year, which had a positive impact on the company's overall profit and loss in the first quarter of 2020.


     2. Summary of the progress of the company's major events in the first quarter of 2020
     (1) Launch the 2020 restricted stock incentive plan
     In order to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the company's
management personnel and core backbones at all levels, effectively promote the company's long-term development, and
achieve the purpose of "stabilizing the team, invigorating morale, gathering talents, and improving performance", in the
first quarter of 2020 the company launched restricted stock incentive plan, using 27 million A shares of common stock
repurchased by the company from the secondary market as incentive shares, of which 22.85 million shares were granted
for the first time, accounting for 1.48% of the total share capital; 4.15 million shares were reserved, accounting for
0.27% of the total share capital, and the reserved portion accounted for 15.37% of the total equity granted this time. The
grant price of restricted stock is 1 yuan / share. The total number of incentive objects granted for the first time is 42
persons, which are the directors, senior management personnel and core technical (business) personnel who served in
the company (including subsidiaries, same as below) when the company announced this incentive plan.
     The 2020 Restricted Stock Incentive Plan has been reviewed and approved by the 43rd (Interim) Meeting of the
3rd Board of Directors of the Company and the 1st Extraordinary General Meeting of Shareholders held on March 11,
2020 and March 27, 2020 . The company held the forty-fourth (interim) meeting of the third session of the Board of
Directors on March 27, 2020, and reviewed and approved the Proposal on Granting Restricted Stocks to Incentives on
March 27.
     (2) The investment project of the non-public offering of funds raised in 2017 is terminated and the surplus funds
are permanently replenished
     The company's original planned investment project of “Pride Liyang Base New Energy Automobile Battery R & D
and Industrialization Project” in 2017 by the non-public offering of shares to raise supporting funds, as the company
transferred 100% equity of Pride, no longer has any level of relationship with Dongfang Precision, and the continued


                                                                                                                        12
                         Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

implementation of the fundraising project no longer has any commercial rationality and feasibility. In view of this, the
investment project of the non-public offering of funds raised in 2017 has in fact been automatically terminated at the
end of 2019 when the company's sale of Pride's equity was completed.
     In view of the fact that the non-public offering of funds raised in 2017 has been terminated, in order to effectively
use funds to optimize resource allocation, enlarge and strengthen the main business of listed companies, enhance the
value creation capabilities of listed companies and create more value for shareholders, the company decided to use the
surplus raised funds of approximately 1.10779 billion to permanently supplement working capital. This matter has been
reviewed and approved by the 2020 First Extraordinary General Meeting of Shareholders held on March 27, 2020.
     (3) Revision of the articles of company
     Based on the changes in the company's actual situation (such as total share capital, etc.), as well as the revision of
the higher-level laws such as the "Company Law" and "Listed Company Governance Guidelines" from 2018 to 2019,
combined with the actual needs of the company, promoting the creation of a relatively stable internal and external
development environment of the company allows the company to focus on the development of its main business of
“high-end intelligent equipment”. The Company's 43rd (Interim) Meeting of the 3rd Board of Directors and the 1st
Extraordinary General Meeting of Shareholders held on March 11, 2020 and March 27, 2020 respectively reviewed and
approved the motion on "Revision of ".



                                                                                            Interim report disclosure website query
Overview of important matters                                Disclosure date
                                                                                            index

"Restrictive Stock Incentive Plan 2020 (Draft)" and its
                                                             March 12, 2020                 http://www.cninfo.com.cn
summary

"Announcement on Granting Restricted Stocks to
                                                             March 28, 2020                 http://www.cninfo.com.cn
Incentives"

"Announcement on the Termination of the Fund-raising
Investment Project and the Permanent Replenishment of        March 12, 2020                 http://www.cninfo.com.cn
the Raised Funds to Replenish the Working Capital"

"Announcement on Amending the Articles of Company" March 12, 2020                           http://www.cninfo.com.cn

Implementation progress of share repurchase
□ Applicable √ Not applicable
Progress in the implementation of centralized bidding to reduce holdings of repurchased shares
□ Applicable √ Not applicable




III. The actual controllers, shareholders, related parties, purchasers and the company's
commitments related to the company's commitments that were not fulfilled during the
reporting period

□ Applicable √ Not applicable
During the reporting period of the company, there were no actual commitments of the company's actual controllers, shareholders,
related parties, purchasers, companies, and other related parties that failed to fulfill their commitments during the reporting period.




                                                                                                                                          13
                         Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

IV. Securities investment

□ Applicable √ Not applicable
There were no securities investments in the company during the reporting period.




V. Entrusted financial management

√ Applicable □ Not applicable

                                                                                                                Unit: ten thousand yuan

                          Source of funds for        Entrusted financial                                      Overdue amount not
Specific type                                                                       Outstanding balance
                          entrusted financing        management                                               recovered

Bank wealth
                          Own funds                                    167,300                       48,300                         0
management products

Bank wealth
                          Funds raised                                     65,000                    15,000                         0
management products

In total                                                               232,300                       63,300                         0

The specific situation of high-risk entrusted financial management with large single amount or low security, poor liquidity and

non-guaranteed capital

□ Applicable √ Not applicable

The entrusted financial management has expected that the principal cannot be recovered or there are other situations that may cause

impairment

□ Applicable √ Not applicable




VI. Derivatives investment

□ Applicable √ Not applicable
There was no derivative investment during the reporting period.




VII. External guarantees in violation of regulations

□ Applicable √ Not applicable
During the reporting period, the company had no violations of external guarantees.




                                                                                                                                    14
                          Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

VIII. Non-operating capital occupation of listed companies by controlling shareholders and
their related parties

□ Applicable √ Not applicable
During the reporting period of the company, there was no non-operating capital occupation of the listed company by the controlling
shareholder and its related parties.




IX. Registration form for reception of research, communication, interviews and other
activities during the reporting period

□ Applicable √ Not applicable
During the reporting period, the company did not receive reception research, communication, interviews and other activities.




                                                                                                                                 15
                           Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report



                                        Section 4 Financial Statements



I. Financial Statements

1. Consolidated balance sheet

Prepared by: Guangdong Dongfang Precision aScience&Technology Co., Ltd.

                                                  March 31, 2020

                                                                                                      Unit: yuan

                    Item                         March 31, 2020                   December 31, 2019

Current assets:

Money funds                                                 2,655,577,430.72                  2,356,703,434.60

Settlement provisions

Dismantling funds

Trading financial assets                                      625,117,440.46                  1,164,039,381.59

Derivative financial assets

Bill receivable

Accounts receivable                                           673,374,745.46                    597,431,210.02

Receivable financing                                              33,766,966.67                  55,447,099.32

Prepayments                                                       34,587,322.69                  25,901,123.85

Premium receivable

Receivable reinsurance account

Provision    for    reinsurance    contract

receivable

Other receivables                                                 89,605,064.33                  79,573,114.49

Among them: interest receivable                                   13,401,884.49                       721,935.36

Dividend receivable

Buy back resale financial assets




                                                                                                              16
                           Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Stock                                                     760,559,444.35                 671,432,701.11

Contract assets

Holding assets for sale

Non-current assets due within one year                                                       356,983.48

Other current assets                                      117,677,005.17                  22,346,314.29

Total current assets                                     4,990,265,419.85               4,973,231,362.75

Non-current assets:

Loans and advances

Debt investment

Other debt investments

Long-term receivables

Long-term equity investment                                72,375,114.41                  72,372,355.03

Investment in other equity instruments

Other non-current financial assets                         16,548,312.44                  20,559,159.34

Investment real estate

Fixed assets                                              575,909,823.91                 585,754,900.75

Construction in progress                                    4,530,801.79                   4,839,241.48

Productive biological assets

Oil and gas asset

Right-of-use asset

Intangible assets                                         314,561,462.16                 249,882,429.53

Development expenditure

Goodwill                                                  329,151,254.50                 306,633,631.93

Long-term prepaid expenses                                  8,769,493.33                   8,699,236.33

Deferred tax assets                                        52,893,166.43                  49,025,021.61

Other non-current assets                                    2,532,183.06                   2,518,818.56

Total non-current assets                                 1,377,271,612.03               1,300,284,794.56

Total assets                                             6,367,537,031.88               6,273,516,157.31

Current liabilities:



                                                                                                      17
                            Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Short-term loan                                             75,568,139.52                 117,888,353.14

Borrowing from the Central Bank

Borrowed funds

Transactional financial liabilities

Derivative financial liabilities

Bills payable                                               60,169,018.21                  43,973,859.51

Accounts payable                                           548,347,360.71                 472,862,744.45

Advance payment                                            336,881,113.13                 286,511,724.62

Contract liabilities

Selling back financial assets

Deposits and Interbank deposit

Agent trading securities

Agent underwriting securities

Staff payable                                              111,654,441.27                 106,677,329.95

Taxes payable                                               56,773,113.39                  48,928,229.51

Other payables                                              76,911,742.74                  90,950,443.16

Of which: interest payable                                    1,513,311.86                  1,410,745.58

Dividend payable

Fees and commissions

Reinsurance accounts payable

Holding liabilities for sale

Non-current liabilities due within one
                                                           474,214,939.69                 353,399,238.29
year

Other current liabilities

Total current liabilities                                 1,740,519,868.66               1,521,191,922.63

Non-current liabilities:

Insurance contract reserve

Long term loan                                              32,406,010.94                 224,146,667.48

Bonds payable


                                                                                                       18
                           Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Of which: preferred stock

Perpetual debt

Lease liability

Long-term payables

Long-term           payable       employee
                                                           16,796,539.98                  12,252,657.36
compensation

Estimated liabilities                                      96,931,864.44                  78,650,466.48

Deferred income                                            17,922,228.74                  18,275,808.90

Deferred income tax liabilities                            15,186,840.20                  16,915,692.91

Other non-current liabilities

Total non-current liabilities                             179,243,484.30                 350,241,293.13

Total Liabilities                                        1,919,763,352.96               1,871,433,215.76

Owners' equity:

Share capital                                            1,545,126,957.00               1,838,647,096.00

Other equity instruments

Of which: preferred stock

Perpetual debt

Capital reserve                                          4,155,897,976.84               3,862,377,838.84

Minus: treasury shares                                    160,088,925.60                 160,088,925.60

Other comprehensive income                                 24,783,210.01                  24,971,085.32

Special reserves

Surplus reserve                                            51,830,974.45                  51,830,974.45

General risk preparation

Undistributed profit                                    -1,233,182,083.37              -1,280,673,461.14

Total equity attributable to owners of
                                                         4,384,368,109.33               4,337,064,607.87
parent company

Minority shareholder interest                              63,405,569.59                  65,018,333.68

Total owner's equity                                     4,447,773,678.92               4,402,082,941.55

Total Liabilities and Owner's Equity                     6,367,537,031.88               6,273,516,157.31


                                                                                                      19
                           Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Legal representative: Tang Zhuolin    Chief in charge of accounting work: Qiu Yezhi      Head of accounting institution: Qiu Yezhi




2. Parent Company Balance Sheet

                                                                                                                         Unit: yuan

                    Item                              March    31, 2020                           December 31, 2019

Current assets:

Money funds                                                         2,287,934,652.30                             1,899,380,375.38

Settlement provisions                                                 614,797,561.65                             1,163,000,000.00

Derivative financial assets.

Notes receivable.

Accounts receivable.                                                  155,333,368.60                              151,096,214.10

Receivable financing.                                                  26,843,377.48                                51,139,322.12

Advance payment.                                                          6,342,475.76                               3,233,763.27

Other receivables.                                                    139,739,058.62                                36,670,496.12

Among them: interest receivable.

Dividend receivable.

Inventory.                                                            121,497,216.14                               111,225,290.10

Contract assets.

Hold assets for sale.

Non current assets due within one year.                                                                                356,983.48

Other current assets.                                                      111,430.05                                4,961,417.06

Total current assets.                                               3,352,599,140.60                             3,421,063,861.63

Non-current assets:

Debt investment.

Other creditor's rights investment.

Long-term receivables.

Long-term equity investment.                                          439,644,635.72                              439,638,782.00

Investment in other equity instruments.




                                                                                                                                 20
                           Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Other illiquid financial assets.

Investment real estate.

Fixed assets.                                             334,765,818.28                 340,791,611.76

Project under construction.                                   106,248.16                      83,070.80

Productive biological assets.

Oil and gas assets.

Right to use assets.

Intangible assets.                                         60,378,747.78                  60,733,612.10

Development expenditure.

goodwill.

Long-term prepaid expenses.                                 3,300,976.43                   3,335,014.92

Deferred income tax assets.                                 4,923,465.18                   4,923,465.18

Other non-current assets.                                     585,189.00                     585,189.00

Total non-current assets.                                 843,705,080.55                 850,090,745.76

Total assets.                                            4,196,304,221.15               4,271,154,607.39

Current liabilities:

Short-term loan.                                                                          90,000,000.00

Transactional financial liabilities.

Derivative financial liabilities.

Notes payable.                                             54,311,385.48                  43,843,859.51

Accounts payable.                                          42,861,601.13                  70,687,704.41

Advance payment.                                           31,445,797.73                  17,451,789.10

Contractual liability.

Salary payable to staff and workers.                       23,048,395.99                  26,144,254.56

Taxes payable.                                              6,468,515.35                   1,921,575.57

Other payables.                                            44,781,046.66                  50,214,415.95

Among them: interest payable.

Dividend payable.

Hold unsold liabilities.


                                                                                                      21
                             Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Non-current liabilities due within one

year.

Other current liabilities.

Total current liabilities.                                  202,916,742.34                 300,263,599.10

Non-current liabilities:

Long-term loan.

Bonds payable.

Among them: preferred stock.

Perpetual debt.

Lease liability.

Long-term payable.

Long-term salary payable to staff and

workers.

Estimated liability.

Deferred return.                                             14,144,466.66                  14,423,631.66

Deferred income tax liability.

Other non-current liabilities.

Total non-current liabilities.                               14,144,466.66                  14,423,631.66

Total liabilities.                                          217,061,209.00                 314,687,230.76

Owner's equity:

Capital stock.                                             1,545,126,957.00               1,838,647,096.00

Other equity instruments.

Among them: preferred stock.

Perpetual debt.

Capital reserve.                                           3,902,111,740.42               3,608,591,602.42

Minus: inventory stock.                                     160,088,925.60                 160,088,925.60

Other comprehensive income.

Special reserve.

Surplus reserve.                                             51,830,974.45                  51,830,974.45


                                                                                                        22
                             Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Undistributed profit.                                         -1,359,737,734.12                           -1,382,513,370.64

Total owner's equity.                                         3,979,243,012.15                            3,956,467,376.63

Total liabilities and owners' equity                          4,196,304,221.15                            4,271,154,607.39



3. Consolidated Income Statement

                                                                                                                  Unit: yuan

                                                                                  The occurrence amount of the previous
                      Item                    Current occurrence amount.
                                                                                                 period

1 Total operating income                                        618,374,944.67                            1,199,609,998.96

Of which: operating income                                      618,374,944.67                            1,199,609,998.96

Interest income

Premiums earned

Fee and commission income

2. Total operating cost                                         581,488,481.66                            1,152,880,053.50

Among them: operating cost.                                     457,636,080.05                              992,610,812.80

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 surcharges.                                              3,914,520.73                               3,818,024.80

Selling expenses.                                                 46,892,860.86                              45,032,358.50

Administrative expenses.                                          55,671,100.82                              74,708,510.39

Research and development expenses.                                13,749,361.22                              26,167,032.77

Financial expenses.                                                3,624,557.98                              10,543,314.24

Among them: interest expense.                                      4,578,253.59                              13,397,170.73




                                                                                                                          23
                          Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Interest income.                                           5,541,448.43                   9,974,322.98

Plus: other income.                                         548,066.08                    1,432,189.66

Investment income (loss with "-" sign).                   21,624,480.68                   3,533,941.09

Among them: the return on investment in
                                                               5,853.72                    877,146.30
collaborative ventures and joint ventures.

Termination of recognition of income

from     financial   assets     measured     at

amortized cost.

Exchange gain (loss with "-" sign).

Net exposure hedging gain (loss with "-"

sign).

Fair value change income (loss with "-"
                                                           1,514,846.98
sign).

Loss of credit impairment (loss is listed

with "-" sign).

Loss on impairment of assets (loss with
                                                          -1,594,314.49                    -653,989.02
"-" sign).

Income from asset disposal (loss with "-"
                                                                                            36,851.42
sign).

3 Operating profit (losses are listed with
                                                          58,979,542.26                  51,078,938.61
"-" sign).

Plus: non-operating income.                                2,379,749.43                    799,361.91

Minus: non-operating expenses.                              371,285.41                    1,652,114.06

4 The total profit (the total loss shall be
                                                          60,988,006.28                  50,226,186.46
filled in with the sign "-").

Minus: income tax expenses.                               15,109,392.60                  22,903,255.15

5. Net profit (net loss is listed with "-"
                                                          45,878,613.68                  27,322,931.31
sign).

(1) Classified by business sustainability.



                                                                                                    24
                             Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

1. Net profit from continuing operations
                                                             45,878,613.68                  27,322,931.31
(net loss with "-" sign).

2.Net      profit     from   termination   of

operation (net loss with "-" sign).

(2)Classification according to ownership.

1.Net profit attributable to the owner of
                                                             47,491,377.77                  26,225,836.51
the parent company.

2.Minority shareholders' profit and loss.                    -1,612,764.09                   1,097,094.80

6 Net after tax of other comprehensive
                                                               -187,875.31                  -8,376,849.01
income.

Net after tax of other comprehensive

income attributable to the owner of the                        -187,875.31                  -8,377,294.20

parent company.

(1) Other comprehensive income that
                                                                                              -615,279.19
cannot be reclassified into profit or loss.

1. Re-measure the change in the benefit
                                                                                              -615,279.19
plan.

2 Other comprehensive income that

cannot be transferred to profit or loss

under the equity method.

3. Changes in fair value of investments in

other equity instruments.

4. Fair value change of enterprise's own

credit risk.

5.Other.

(2) Other           comprehensive     income
                                                               -187,875.31                  -7,762,015.01
reclassified into profit or loss.

1. Other comprehensive income that can

be transferred to profit or loss under the



                                                                                                       25
                            Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

equity method.

2.Changes in fair value of other creditor's

rights investments.

3.The amount of financial assets
reclassified to other comprehensive
income.

4.Provision for credit impairment of other

creditor's rights investment.

5.Cash flow hedging reserve.                                                                                            -1,590,667.99

6.Translation    difference        of    foreign
                                                                              -187,875.31                               -6,171,347.02
currency financial statements.

7.Other.

Net after tax of other consolidated

income       attributable     to        minority                                                                               445.19

shareholders.

7 Total comprehensive income.                                               45,690,738.37                               18,946,082.30

Total consolidated income attributable to
                                                                            47,303,502.46                               17,848,542.31
the owner of the parent company.

Total consolidated income attributable to
                                                                             -1,612,764.09                               1,097,539.99
minority shareholders.

8. Earnings per share:

(1) Basic earnings per share.                                                         0.03                                       0.01

(2) Diluted earnings per share                                                        0.03                                       0.01

In the case of a business merger under the same control in the current period, the net profit realized by the merged party before the

merger is:      yuan, and the net profit realized by the merged party in the previous period is:   yuan.

Legal representative: Tang Zhuolin         Chief in charge of accounting work: Qiu Yezhi     Head of accounting institution: Qiu Yezhi




4. Parent company profit statement
                                                                                                                             Unit: yuan

                   Item                                Current occurrence amount.            The occurrence amount of the previous



                                                                                                                                     26
                             Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

                                                                                    period

I. Business income.                                          62,887,114.38                   68,814,402.33

Minus: operating cost.                                       37,107,803.20                   47,277,204.62

Taxes and surcharges.                                         3,010,272.32                    2,388,328.74

Selling expenses.                                             5,190,034.53                    4,451,112.02

Administrative expenses.                                     12,720,151.52                   19,302,391.12

Research and development expenses.                            4,486,308.96                    2,384,477.64

Financial expenses.                                            -841,953.60                   -2,055,941.98

Among them: interest expense.                                 1,200,483.33                    1,497,825.01

Interest income.                                              4,074,411.00                    7,683,073.12

Plus: other income.                                            279,165.00                      959,165.00

Investment income (loss with "-" sign).                      21,579,176.54                    3,206,549.49

Among them: the return on investment
in   joint   ventures     and    combined                         5,853.72                     550,566.03
ventures.

Termination of recognition of gains on
financial assets measured at amortised
cost (loss with "-" sign).

Net exposure hedging gain (loss with
"-" sign).

Fair value change income (loss with "-"
                                                              1,797,561.40
sign).

Loss of credit impairment (loss is listed
with "-" sign).

Loss on impairment of assets (loss with
"-" sign).

Income from asset disposal (loss with
"-" sign).

2. Operating profit (loss shall be listed
                                                             24,870,400.39                     -767,455.34
with "-" sign).

Plus: non-operating income.                                   2,243,761.00                        7,081.21

Minus: non-operating expenses.                                 316,600.00                      123,933.13

3. The total profit (the total loss shall be
                                                             26,797,561.39                     -884,307.26
filled in with the sign "-").

Minus: income tax expenses.                                   4,021,924.87                      16,786.67

4. Net profit (net loss is listed with "-"
                                                             22,775,636.52                     -901,093.93
sign).



                                                                                                        27
                            Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

(1) Net profit from continuing operation
(net loss with "-" sign).

(2) Net profit from termination of
operation (net loss with "-" sign).

5. Net after tax of other comprehensive
income.

(1) Other comprehensive income that
cannot be reclassified into profit or loss.

1. Re-measure the change in the benefit
plan.

2 Other comprehensive income that
cannot be transferred to profit or loss
under the equity method.

3. Changes in fair value of investments
in other equity instruments.

4. Fair value change of enterprise's own
credit risk.

5. Other.

(2)     Other   comprehensive       income
reclassified into profit or loss.

1. Other comprehensive income that can
be transferred to profit or loss under the
equity method.

2 Changes in fair value of other
creditor's rights investments.

3.The amount of financial assets
reclassified to other comprehensive
income.

4.Provision for credit impairment of
other creditor's rights investment.

5.Cash flow hedging reserve.

6.Conversion difference of foreign
currency financial statements.

7.Other

6. Total comprehensive income.                              22,775,636.52                   -901,093.93

7. Earnings per share:

(1) Basic earnings per share.

(2) Diluted earnings per share



                                                                                                     28
                             Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

5.Consolidated statement of cash flows
                                                                                                                 Unit: yuan

                                                                                  The occurrence amount of the previous
                      Item                    Current occurrence amount.
                                                                                                 period

1 Cash flow generated by business

activities:

Cash received from the sale of goods
                                                                 695,219,287.09                           2,589,521,846.32
and the provision of services.

Net increase in customer deposits and

interbank deposits.

Net increase in borrowing from the

central bank.

Net increase in funds transferred to

other financial institutions.

Cash received from the premium of the

original insurance contract.

Net cash received from reinsurance

business.

Net increase in depositors' deposits and

investment funds.

Cash that collects interest, commission

and commission.

Net increase in borrowed funds.

Net increase in funds for repurchase

business.

Net cash received by agents buying and

selling securities.

Tax refund received.                                              10,664,890.52                             12,253,710.66

Receipt of other cash related to business                         13,948,141.53                             17,676,031.71




                                                                                                                          29
                         Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

activities.

Subtotal cash inflows from operating
                                                        719,832,319.14                2,619,451,588.69
activities.

Cash paid for the purchase of goods and
                                                        536,072,255.86                1,657,037,695.71
services.

Net increase in customer loans and

advances.

Net increase in central bank and

interbank deposits.

Cash to pay the indemnity of the

original insurance contract.

Net increase in loan funds

Cash for the payment of interest, fees

and commissions.

Cash    for the payment        of policy

dividends.

Cash paid to and for employees.                          55,012,239.65                 159,977,929.19

Taxes and fees paid.                                     16,347,988.73                 314,173,332.24

Payment of other cash related to
                                                        197,871,457.54                  68,635,429.58
business activities.

Subtotal cash outflow from operating
                                                        805,303,941.78                2,199,824,386.72
activities.

Net cash flow from operating activities.                -85,471,622.64                 419,627,201.97

2. Cash flow generated by investment

activities:

Recover the cash received from the

investment.

Cash received from investment income.                                                    2,655,983.46

Net cash recovered from disposal of                                                         63,805.26



                                                                                                    30
                           Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

fixed assets, intangible assets and other

long-term assets.

Disposal of net cash received by

subsidiaries and other business units.

Receipt       of other cash     related    to
                                                          593,724,030.96                 280,400,666.67
investment activities.

Subtotal cash inflows from investment
                                                          593,724,030.96                 283,120,455.39
activities.

Cash    paid     for    the purchase      and

construction of fixed assets, intangible                   74,459,817.73                  11,780,285.08

assets and other long-term assets.

Cash paid for investment.

Net increase in pledged loans.

Obtain net cash paid by subsidiaries and

other business units.

Payment of other cash related to
                                                           34,000,000.00                1,225,055,026.92
investment activities.

Subtotal cash outflow from investment
                                                          108,459,817.73                1,236,835,312.00
activities.

Net    cash      flow    from   investment
                                                          485,264,213.23                -953,714,856.61
activities.

3 Cash flow generated by fund-raising

activities:

Absorb the cash received by the

investment.

Among them: the subsidiary absorbs the

cash received from the investment of

minority shareholders.

Cash received for obtaining loans.                         71,352,693.86                  21,558,182.17



                                                                                                      31
                               Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Receipt        of other cash            related   to

fund-raising activities.

Subtotal cash inflows from fund-raising
                                                                           71,352,693.86                             21,558,182.17
activities.

Cash paid to repay debts.                                                 158,504,233.87                             83,635,533.03

Cash paid for the distribution of
                                                                            4,553,361.82                              4,233,859.20
dividends, profits, or interest payments.

Among them: dividends and profits

paid      by    subsidiaries       to     minority

shareholders.

Payment of other cash related to
                                                                              327,000.00                             74,041,364.38
fund-raising activities.

Subtotal cash outflow from fund-raising
                                                                          163,384,595.69                            161,910,756.61
activities.

Net     cash     flow     from      fund-raising
                                                                          -92,031,901.83                           -140,352,574.44
activities.

4 The impact of exchange rate changes
                                                                            2,796,271.09                             -12,740,459.76
on cash and cash equivalents.

5 net increase in cash and cash
                                                                          310,556,959.85                           -687,180,688.84
equivalents.

Plus:     balance    of     cash        and   cash

equivalents at the beginning of the                                     2,312,190,271.56                           2,057,997,442.35

period.

6 Balance of cash and cash equivalents
                                                                        2,622,747,231.41                           1,370,816,753.51
at the end of the period




6.Parent company cash flow statement
                                                                                                                          Unit: yuan

                                                                                           The occurrence amount of the previous
                     Item                              Current occurrence amount.
                                                                                                          period


                                                                                                                                   32
                         Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

1. Cash flow generated by business

activities:

Cash received from the sale of goods
                                                         97,293,624.68                 108,030,115.83
and the provision of services.

Tax refund received.                                      2,998,393.83                   5,625,311.50

Receipt of other cash related to business
                                                         12,528,235.40                   4,355,488.72
activities.

Subtotal cash inflows from operating
                                                        112,820,253.91                 118,010,916.05
activities.

Cash paid for the purchase of goods and
                                                         61,587,839.41                  65,526,119.93
services.

Cash paid to and for employees.                          20,666,974.47                  18,246,855.74

Taxes and fees paid.                                      3,753,566.40                   2,157,584.77

Payment of other cash related to
                                                        103,647,802.56                   6,914,608.77
business activities.

Subtotal cash outflow from operating
                                                        189,656,182.84                  92,845,169.21
activities.

Net cash flow from operating activities.                -76,835,928.93                  25,165,746.84

2. Cash flow generated by investment

activities:

Recover the cash received from the

investment.

Cash received from investment income.                                                    2,655,983.46

Net cash recovered from disposal of

fixed assets, intangible assets and other

long-term assets.

Disposal of net cash received by

subsidiaries and other business units.

Receipt       of other cash   related    to             569,686,288.46                 230,200,000.00



                                                                                                   33
                           Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

investment activities.

Subtotal cash inflows from investment
                                                          569,686,288.46                 232,855,983.46
activities.

Cash    paid     for    the purchase      and

construction of fixed assets, intangible                    1,080,828.80                   4,076,013.51

assets and other long-term assets.

Cash paid for investment.

Obtain net cash paid by subsidiaries and

other business units.

Payment of other cash related to
                                                                                         770,000,000.00
investment activities.

Subtotal cash outflow from investment
                                                            1,080,828.80                 774,076,013.51
activities.

Net    cash      flow    from   investment
                                                          568,605,459.66                -541,220,030.05
activities.

3. Cash flow generated by fund-raising

activities:

Absorb the cash received by the

investment.

Cash received for obtaining loans.

Receipt       of other cash     related    to

fund-raising activities.

Subtotal cash inflows from fund-raising

activities.

Cash paid to repay debts.                                  90,000,000.00                  50,000,000.00

Cash paid for the distribution of
                                                            1,075,452.00                   1,256,935.00
dividends, profits, or interest payments.

Payment of other cash related to
                                                             327,000.00                   74,041,364.38
fund-raising activities.



                                                                                                     34
                              Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Subtotal cash outflow from fund-raising
                                                                        91,402,452.00                      125,298,299.38
activities.

Net     cash   flow        from    fund-raising
                                                                        -91,402,452.00                    -125,298,299.38
activities.

4. The impact of exchange rate changes
                                                                          -443,605.26
on cash and cash equivalents.

5.Net increase in cash and cash
                                                                       399,923,473.47                     -641,352,582.59
equivalents.

Plus:     balance     of    cash    and   cash

equivalents at the beginning of the                                   1,770,491,895.62                   1,432,283,149.36

period.

6. Balance of cash and cash equivalents
                                                                      2,170,415,369.09                     790,930,566.77
at the end of the period




II. Explanation of the adjustment of financial statements

1. For the first time since 2020, the implementation of the new income standard and the new leasing
standard will be adjusted for the first implementation of the financial statements at the beginning of the
year.
√ Applicable □ Not applicable



Consolidated balance sheet

                                                                                                                    Unit: yuan

               Item                         December 31, 2019             January 1, 2020          Adjust integer

Current assets:

Money funds                                        2,356,703,434.60             2,356,703,434.60

Trading financial assets                           1,164,039,381.59             1,164,039,381.59

Accounts receivable                                  597,431,210.02               597,431,210.02

Receivable financing                                  55,447,099.32                55,447,099.32

Prepayments                                           25,901,123.85                25,901,123.85




                                                                                                                           35
                           Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Other receivables                           79,573,114.49          79,573,114.49

Among          them:   interest
                                              721,935.36              721,935.36
receivable

Stock                                      671,432,701.11         671,432,701.11

Non-current assets due
                                              356,983.48              356,983.48
within one year

Other current assets                        22,346,314.29          22,346,314.29

Total current assets                     4,973,231,362.75        4,973,231,362.75

Non-current assets:

Long-term equity investment                 72,372,355.03          72,372,355.03

Other non-current financial
                                            20,559,159.34          20,559,159.34
assets

Fixed assets                               585,754,900.75         585,754,900.75

Construction in progress                     4,839,241.48           4,839,241.48

Intangible assets                          249,882,429.53         249,882,429.53

Goodwill                                   306,633,631.93         306,633,631.93

Long-term prepaid expenses                   8,699,236.33           8,699,236.33

Deferred tax assets                         49,025,021.61          49,025,021.61

Other non-current assets                     2,518,818.56           2,518,818.56

Total non-current assets                 1,300,284,794.56        1,300,284,794.56

Total assets                             6,273,516,157.31        6,273,516,157.31

Current liabilities:

Short-term loan                            117,888,353.14         117,888,353.14

Bills payable                               43,973,859.51          43,973,859.51

Accounts payable                           472,862,744.45         472,862,744.45

Advance payment                            286,511,724.62         286,511,724.62

Staff payable                              106,677,329.95         106,677,329.95

Taxes payable                               48,928,229.51          48,928,229.51

Other payables                              90,950,443.16          90,950,443.16

Of which: interest payable                   1,410,745.58           1,410,745.58




                                                                                                   36
                            Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Non-current liabilities due
                                            353,399,238.29         353,399,238.29
within one year

Total current liabilities                 1,521,191,922.63        1,521,191,922.63

Non-current liabilities:

Long term loan                              224,146,667.48         224,146,667.48

Long-term payable employee
                                             12,252,657.36          12,252,657.36
compensation

Estimated liabilities                        78,650,466.48          78,650,466.48

Deferred income                              18,275,808.90          18,275,808.90

Deferred        income        tax
                                             16,915,692.91          16,915,692.91
liabilities

Total non-current liabilities               350,241,293.13         350,241,293.13

Total Liabilities                         1,871,433,215.76        1,871,433,215.76

Owners' equity:

Share capital                             1,838,647,096.00        1,838,647,096.00

Capital reserve                           3,862,377,838.84        3,862,377,838.84

Minus: treasury shares                      160,088,925.60         160,088,925.60

Other comprehensive income                   24,971,085.32          24,971,085.32

Surplus reserve                              51,830,974.45          51,830,974.45

Undistributed profit                      -1,280,673,461.14      -1,280,673,461.14

Total equity attributable to
                                          4,337,064,607.87        4,337,064,607.87
owners of parent company

Minority shareholder interest                65,018,333.68          65,018,333.68

Total owner's equity                      4,402,082,941.55        4,402,082,941.55

Total Liabilities and Owner's
                                          6,273,516,157.31        6,273,516,157.31
Equity

Adjustment description.




                                                                                                    37
                           Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Parent company balance sheet

                                                                                                          Unit: yuan

                Item                December   31, 2019         January 1, 2020          Adjust integer

Current assets:

Monetary fund.                             1,899,380,375.38           1,899,380,375.38

Transactional           financial
                                           1,163,000,000.00           1,163,000,000.00
assets.

Accounts receivable.                           151,096,214.10           151,096,214.10

Receivable financing.                           51,139,322.12            51,139,322.12

Advance payment.                                 3,233,763.27             3,233,763.27

Other receivables.                              36,670,496.12            36,670,496.12

Inventory.                                     111,225,290.10           111,225,290.10

Non current assets due within
                                                  356,983.48                356,983.48
one year.

Other current assets.                            4,961,417.06             4,961,417.06

Total current assets.                      3,421,063,861.63           3,421,063,861.63

Non-current assets:

Long-term equity investmen                     439,638,782.00           439,638,782.00

Fixed assets.                                  340,791,611.76           340,791,611.76

Project under construction.                         83,070.80                83,070.80

Intangible assets.                              60,733,612.10            60,733,612.10

Long-term prepaid expenses.                      3,335,014.92             3,335,014.92

Deferred income tax assets.                      4,923,465.18             4,923,465.18

Other non-current assets.                         585,189.00                585,189.00

Total non-current assets.                      850,090,745.76           850,090,745.76

Total assets.                              4,271,154,607.39           4,271,154,607.39

Current liabilities:

Short-term loan.                                90,000,000.00            90,000,000.00

Notes payable.                                  43,843,859.51            43,843,859.51




                                                                                                                 38
                             Guangdong Dongfang Precision Science & Technology Co., Ltd. Q1 2020 Report

Accounts payable.                                    70,687,704.41      70,687,704.41

Advance payment.                                     17,451,789.10      17,451,789.10

Salary payable to staff and
                                                     26,144,254.56      26,144,254.56
workers.

Taxes payable.                                        1,921,575.57       1,921,575.57

Other payables.                                      50,214,415.95      50,214,415.95

Total current liabilities.                          300,263,599.10     300,263,599.10

Non-current liabilities:

Deferred return.                                     14,423,631.66      14,423,631.66

Total non-current liabilities.                       14,423,631.66      14,423,631.66

Total liabilities.                                  314,687,230.76     314,687,230.76

Owner's equity:

Capital stock.                                 1,838,647,096.00      1,838,647,096.00

Capital reserve.                               3,608,591,602.42      3,608,591,602.42

Minus: inventory stock.                             160,088,925.60     160,088,925.60

Surplus reserve.                                     51,830,974.45      51,830,974.45

Undistributed profit.                         -1,382,513,370.64      -1,382,513,370.64

Total owner's equity.                          3,956,467,376.63      3,956,467,376.63

Total liabilities and owners'
                                               4,271,154,607.39      4,271,154,607.39
equity

Adjustment description.




2. The first time to implement the new income standard and the new leasing standard retrospectively adjust
the comparative data in the previous period from 2020
□ Applicable √ Not applicable


III. Audit report
Whether the first quarter report has been audited
□ Yes √ No
The company's first quarter report has not been audited.




                                                                                                        39

查看公告原文

微信
扫描二维码
关注
证券之星微信
相关股票:
好投资评级:
好价格评级:
证券之星估值分析提示东方精工盈利能力一般,未来营收成长性一般。综合基本面各维度看,股价偏高。 更多>>
下载证券之星
郑重声明:以上内容与证券之星立场无关。证券之星发布此内容的目的在于传播更多信息,证券之星对其观点、判断保持中立,不保证该内容(包括但不限于文字、数据及图表)全部或者部分内容的准确性、真实性、完整性、有效性、及时性、原创性等。相关内容不对各位读者构成任何投资建议,据此操作,风险自担。股市有风险,投资需谨慎。如对该内容存在异议,或发现违法及不良信息,请发送邮件至jubao@stockstar.com,我们将安排核实处理。
网站导航 | 公司简介 | 法律声明 | 诚聘英才 | 征稿启事 | 联系我们 | 广告服务 | 举报专区
欢迎访问证券之星!请点此与我们联系 版权所有: Copyright © 1996-