Stock Code: 002236 Stock Name: Dahua Technology Announcement No.: 2025-040
Zhejiang Dahua Technology Co., Ltd.
2025 First Quarter ReportThe Company and all members of the Board of Directors hereby guarantee that the information disclosed hereinis authentic, accurate and complete and free of any false records, misleading statements, or material omissions.
Important Content Reminder:
1. The Board of Directors, the Board of Supervisors, directors, supervisors and senior management members of theCompany hereby guarantee that the information presented in this quarterly report is authentic, accurate, complete andfree of any false records, misleading statements or material omissions, and they will bear joint and several liability forsuch information.
2. The Company's legal representative, chief accountant, and person in charge of accounting institution (AccountingOfficer) hereby declare and warrant that the financial statements in the quarterly report are authentic, accurate, andcomplete.
3. Whether the First Quarter Report has been audited
□ Yes ?No
I. Key Financial Data
(I) Key Accounting Data and Financial IndexesWhether the Company needs retroactive adjustment or restatement of accounting data in prior years or not
□ Yes ?No
| Current reporting period | Same period of last year | Increase or decrease in this reporting period compared with the same period of the last year | |
| Operating revenue (RMB) | 6,256,129,778.73 | 6,180,916,716.70 | 1.22% |
| Net profit attributable to shareholders of the listed Company (RMB) | 653,304,288.99 | 561,037,985.01 | 16.45% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 503,508,968.09 | 501,290,511.61 | 0.44% |
| Net cash flow generated by operational activities (RMB) | -671,695,394.62 | -1,306,666,360.66 | 48.59% |
| Basic Earnings per Share (RMB/Share) | 0.20 | 0.17 | 17.65% |
| Diluted Earnings per Share (RMB/Share) | 0.20 | 0.17 | 17.65% |
| Weighted Average ROE | 1.80% | 1.60% | 0.20% |
| End of this reporting period | End of the last year | Increase or decrease at the end of this reporting period compared with the end of the last year | |
| Total assets (RMB) | 50,497,850,338.83 | 52,735,912,081.82 | -4.24% |
| Owners' Equity Attributable to Shareholders of the Listed Company (Unit: RMB) | 36,744,572,974.62 | 36,028,046,171.08 | 1.99% |
(II) Non-recurring Gains and Losses and Their Amounts
?Applicable □ Not applicable
Unit: RMB
| Item | Amount in the Current Reporting Period | Note |
| Profits or losses from disposal of non-current assets (including the write-off for the accrued impairment of assets) | 1,654,046.22 | |
| 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 to according to the established standard, and continuously impacting the Company’s profits and losses) | 83,920,274.99 | |
| 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 | 8,366,003.00 |
| 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 | 92,207,364.51 | |
| Reversal of the receivables depreciation reserves for separate impairment test | 3,610.00 | |
| Non-Operating Revenue and expenses other than the above | -1,352,291.26 | |
| Less: Impact of income tax | 31,501,776.89 | |
| Impact of minority equity (after tax) | 3,501,909.67 | |
| Total | 149,795,320.90 | -- |
Other specific circumstances of 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 InformationDisclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses, as recurring gainsand losses.
□ Applicable ?Not applicable
The Company did not define any non-recurring gains and losses listed in the No. 1 Explanatory Announcement onInformation Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses asrecurring gains and losses.(III) The Changes in key accounting data and financial indexes and the reasons for suchchanges
?Applicable □ Not applicable(I) The changes in the balance sheet items and the reasons for such changes
1. The trading financial assets have decreased by 52.33% compared with the beginning of the year, mainly due to thereduction of holdings in SMARTSENS during this period;
2. Other current assets have decreased by 47.93% compared with the beginning of the year, mainly due to thedecrease in the amount of reverse repurchase of national debt at the end of the period compared with the beginning ofthe period;
3. The number of projects under construction has decreased by 34.06% compared with the beginning of the year,mainly due to the completion of the projects during the period and their transfer to fixed assets;
4. The short-term loans have decreased by 59.70% compared with the beginning of the year, mainly due to therepayment of short-term loans due during the period;
5. The employee wages payable have decreased by 55.17% compared with the beginning of the year, mainly due tothe payment of last year's year-end bonus in this period;(II) The changes of items in the income statement and the reasons
1. The financial expenses have decreased by 204.14% compared with the same period of last year, mainly due to theincrease in exchange gains in this period compared with the same period of last year;
2. The gains on changes in fair value have increased by 93.17% compared with the same period of last year, mainlydue to the increase in gains on changes in fair value of other non-current financial assets compared with the sameperiod last year;
3. The credit impairment losses have decreased by 65.10% compared with the same period of last year, mainly due tothe decrease in accrual for bad debt of accounts receivable in this period compared with the same period of last year;
4. The gains on asset disposal have increased by 174.32% compared with the same period of last year, mainly due tothe increase in income from disposal of right-of-use assets compared with the same period of last year;
5. The non-operating revenues have decreased by 48.01% compared with the same period last year, mainly due tothe decrease in liquidated damages received in this period compared with the same period last year;
6. The non-operating expenses have increased by 86.26% compared with the same period of last year, mainly due tothe increase in donation expenditures in this period compared with the same period of last year;
7. The income tax expenses have decreased by 132.75% compared with the same period last year, mainly due to theimpact of deferred income tax expenses;
8. Minority shareholders' profits and losses have increased by 112.50% compared with the same period of last year,mainly due to the increase in net profit of the holding subsidiaries in this period compared with the same period of lastyear;(III) The changes of items in the cash flow statement and the reasons
1. The net cash flow from operating activities have increased by 48.59% compared with the same period of last year,mainly due to the increase in sales proceeds and the decrease in taxes paid in this period compared with the sameperiod of last year;
2. The net cash flow from investing activities have decreased by 378.35% compared with the same period of last year,mainly due to the decrease in net income and expenditure of national debt reverse repurchase and large-denominationcertificates of deposit investment compared with the same period of last year;
II. Information on Shareholders
(I) The total number of common stock shareholders, the number of preferred stockshareholders whose voting rights have been restored, and the shareholdings of the top 10shareholders
Unit: share
| Total Number Of Common Shareholders At The End Of The Reporting Period | 203,116 | Total Number of Preferred Shareholders (If Any) Whose Voting Rights have been Recovered at the End of the Reporting Period | 0 | |||
| Shareholdings of the top 10 shareholders (excluding shares lent by refinancing) | ||||||
| Name of Shareholder | Nature of Shareholder | Shareholding (%) | Number of shares held | Number of shares held with limited sales conditions | Pledges, markings, or freezing | |
| State Of Shares | Quantity | |||||
| Fu Liquan | Domestic Natural Person | 31.04% | 1,023,868,980.00 | 767,901,735.00 | Pledged | 123,990,000.00 |
| China Mobile Communications Group Co., Ltd. | State-owned Legal Person | 8.88% | 293,103,400.00 | 293,103,400.00 | N/A | |
| Zhu Jiangming | Domestic Natural Person | 4.64% | 153,140,260.00 | 0.00 | N/A | |
| Chen Ailing | Domestic Natural Person | 2.16% | 71,262,813.00 | 53,447,110.00 | Pledged | 31,800,000.00 |
| Wu Jun | Domestic Natural | 2.10% | 69,172,886.00 | 51,879,664.00 | N/A | |
| Person | ||||||||
| Hong Kong Securities Clearing Co. Ltd. | Overseas Legal Person | 1.91% | 62,879,632.00 | 0.00 | N/A | |||
| China Securities Finance Co., Ltd. | Domestic Non-state-owned Legal Person | 1.20% | 39,611,241.00 | 0.00 | N/A | |||
| Industrial Bank Co., Ltd. - Huaxia CSI Robotic Trading Open Index Securities Investment Fund | Others | 1.10% | 36,362,975.00 | 0.00 | N/A | |||
| Industrial and Commercial Bank of China Limited - Huatai-PineBridge CSI 300 Exchange-traded Open-end Index Securities Investment Fund | Others | 0.98% | 32,436,130.00 | 0.00 | N/A | |||
| New China Life Insurance Company Limited - dividend- personal dividend - 018L-FH002 Shen | Others | 0.73% | 24,146,636.00 | 0.00 | N/A | |||
| Shareholding of the top 10 unlimited sale condition shareholders (excluding shares lent through refinancing and lock-up shares for senior management) | ||||||||
| Name of Shareholder | Number of shares held without limited sales condition | Type of shares | ||||||
| Type of shares | Quantity | |||||||
| Fu Liquan | 255,967,245.00 | RMB common stock | 255,967,245.00 | |||||
| Zhu Jiangming | 153,140,260.00 | RMB common stock | 153,140,260.00 | |||||
| Hong Kong Securities Clearing Co. Ltd. | 62,879,632.00 | RMB common stock | 62,879,632.00 | |||||
| China Securities Finance Co., Ltd. | 39,611,241.00 | RMB common stock | 39,611,241.00 | |||||
| Industrial Bank Co., Ltd. - Huaxia CSI Robotic Trading Open Index Securities Investment Fund | 36,362,975.00 | RMB common stock | 36,362,975.00 | |||||
| Industrial and Commercial Bank of China Limited - Huatai-PineBridge CSI 300 Exchange-traded Open-end Index Securities Investment Fund | 32,436,130.00 | RMB common stock | 32,436,130.00 | |||||
| New China Life Insurance Company Limited - dividend- personal dividend - 018L-FH002 Shen | 24,146,636.00 | RMB common stock | 24,146,636.00 | |||||
| New China Life Insurance Company Limited - Traditional - general insurance - 018L-CT001 Shen | 23,275,148.00 | RMB common stock | 23,275,148.00 | |||||
| China Construction Bank Stock Corporation - E Fund CSI 300 Exchange Traded Open-End Index-Initiated Securities Investment Fund | 22,708,343.00 | RMB common stock | 22,708,343.00 | |||||
| FORESEA Life Insurance Company Limited - participating insurance | 20,998,299.00 | RMB common stock | 20,998,299.00 |
| Description of the association relationship or concerted action of above-mentioned shareholders | Among the top ten major shareholders, Mr. Fu Liquan and Ms. Chen Ailing are in a marital relationship. The Company is unaware of whether there are any other associated relationships among other shareholders or whether they are persons acting in concert. | ||
| Explanation On Top Ten Shareholders’ Participation In Securities Margin Trading (If Any) | None | ||
Shareholders holding more than 5% of shares, the top 10 shareholders and the top 10 shareholders without limitedoutstanding 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 perioddue to refinancing, lending/returning
□ Applicable ?Not applicable
(II) The total number of preferred stock shareholders and the shareholdings of the top 10preferred stock shareholders
□ Applicable ?Not applicable
III. Other Significant Matters
?Applicable □ Not applicable
1. During the reporting period, the company held the 10th meeting of the 8th Board of Directors on March 3, 2025,where the Proposal on the Sale of Equity in the Controlling Subsidiary was reviewed and approved. The Company willsell its 32.7321% equity (corresponding to a capital contribution of 25.5 million yuan) in Hangzhou Huacheng NetworkTechnology Co., Ltd. (hereinafter referred to as “Hangzhou Huacheng”) for a price of 716.8329 million yuan toShanghai Zhicheng Enterprise Management Partnership (Limited Partnership). After the completion of this transaction,the Company no longer holds shares in its controlling subsidiary Huacheng Network, and Huacheng Network and itssubsidiaries are no longer included in the Company's consolidated financial statements.
4. The exercise conditions for the second exercise period of the company's 2022 stock option and restricted shareincentive plan have been met. The exercise period is from July 11, 2024 to July 10, 2025. The exercise method isvoluntary exercise. For details, please refer to the "Indicative Announcement on the Voluntary Exercise of the SecondExercise Period of the 2022 Stock Option and Restricted Share Incentive Plan" disclosed by the company on JuchaoInformation Network on July 10, 2024. As of March 31, 2025, 6,743,201 stock options had been exercised in thesecond exercise period, of which 3,447,778 stock options were exercised in the first quarter of 2025.IV. Quarterly Financial Statements(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by: Zhejiang Dahua Technology Co., Ltd.
March 31, 2025
Unit: RMB
| Item | Closing Balance | Opening Balance |
| Current Assets: | ||
| Cash and Bank Balances | 9,682,056,653.92 | 11,181,803,423.83 |
| Deposit Reservation for Balance | ||
| Loans to Banks and Other Financial Institutions | ||
| Trading Financial Assets | 109,595,426.08 | 229,927,529.28 |
| Derivative Financial Assets | ||
| Notes receivable | 703,801,706.36 | 777,750,260.09 |
| Accounts receivable | 15,719,131,185.85 | 17,046,094,518.79 |
| Receivables Financing | 931,076,720.36 | 841,815,267.43 |
| Prepayments | 321,045,168.28 | 310,574,867.09 |
| Premium Receivable | ||
| Reinsurance Accounts Receivable | ||
| Reinsurance Contract Reserves Receivable | ||
| Other Receivables | 283,864,229.08 | 293,728,850.42 |
| Including: interest receivable | ||
| Dividends Receivable | ||
| Buying Back the Sale of Financial Assets | ||
| Inventory | 5,464,797,493.80 | 5,203,560,771.25 |
| Among them: Data resources | ||
| Contract Assets | 84,632,591.84 | 87,397,517.09 |
| Holding for-sale assets | ||
| Non-current Assets Due within 1 Year | 234,682,715.14 | 237,608,641.30 |
| Other Current Assets | 539,338,547.25 | 1,035,802,016.58 |
| Subtotal of Current Assets | 34,074,022,437.96 | 37,246,063,663.15 |
| Non-current Assets: | ||
| Granting of loans and advances | ||
| Investment in Creditor's Rights | ||
| Investment in Other Creditor's Rights | ||
| Long-term Receivables | 690,968,281.55 | 744,412,552.00 |
| Long-term Equity Investment | 720,899,271.47 | 722,241,568.57 |
| Investment in Other Equity Instruments | ||
| Other Non-current Financial Assets | 1,365,761,677.91 | 1,274,697,490.87 |
| Investment Property | 136,986,412.73 | 139,280,586.26 |
| Fixed Assets | 5,407,540,829.18 | 4,973,953,628.05 |
| Projects under Construction | 827,230,565.31 | 1,254,554,187.36 |
| Productive Biological Assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 225,305,725.69 | 232,124,277.86 |
| Intangible Assets | 573,662,821.71 | 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 | 93,593,677.90 | 99,410,405.42 |
| Deferred Income Tax Assets | 1,194,530,316.40 | 1,136,746,080.45 |
| Other Non-Current assets | 5,180,733,026.84 | 4,327,776,909.06 |
| Subtotal of Non-current Assets | 16,423,827,900.87 | 15,489,848,418.67 |
| Total assets | 50,497,850,338.83 | 52,735,912,081.82 |
| Current Liabilities: | ||
| Short-term loan | 400,950,000.00 | 995,000,000.00 |
| Borrowings from the Central Bank | ||
| Borrowings from Banks and Other Financial Institutions | ||
| Transactional financial liabilities | 5,134,659.65 | 4,268,603.52 |
| Derivative Financial Liabilities | ||
| Notes Payable | 3,170,953,725.18 | 3,599,974,242.02 |
| Accounts Payable | 5,090,564,861.50 | 5,877,976,861.13 |
| Received Prepayments | ||
| Contract liabilities | 1,214,739,811.16 | 1,282,204,348.75 |
| Financial Assets Sold for Repurchase | ||
| Deposit Taking and Interbank Deposit | ||
| Receiving from Vicariously Traded Securities | ||
| Receiving from Vicariously Sold Securities | ||
| Payroll payable | 811,959,617.35 | 1,811,053,208.92 |
| Tax Payable | 307,131,768.22 | 405,860,321.63 |
| Other Payables | 607,814,570.94 | 637,013,560.05 |
| Including: interest payable | ||
| Dividends Payable | 22,951,560.23 | 22,951,560.23 |
| Service Charge and Commission Payable | ||
| Reinsurance Accounts Payable | ||
| Holding for-sale liabilities | ||
| Non-current Liabilities Due within 1 Year | 108,915,767.86 | 117,227,812.08 |
| Other Current Liabilities | 143,634,405.64 | 160,151,530.23 |
| Subtotal of Current Liabilities | 11,861,799,187.50 | 14,890,730,488.33 |
| Non-current Liabilities: | ||
| Insurance Contract Reserves | ||
| Long-term loan | ||
| Bonds Payable | ||
| Including: Preferred Stocks | ||
| Perpetual Bonds | ||
| Lease liabilities | 116,655,471.79 | 114,313,807.41 |
| Long-term Payables | ||
| Long-term payroll payable | ||
| Expected Liabilities | 289,509,507.37 | 268,194,691.24 |
| Deferred Income | 182,759,273.01 | 186,181,012.99 |
| Deferred Income Tax Liabilities | 42,279.42 | 19,162.22 |
| Other Non-current Liabilities | 95,621,137.51 | 102,264,089.02 |
| Subtotal of Non-current Liabilities | 684,587,669.10 | 670,972,762.88 |
| Total Liabilities | 12,546,386,856.60 | 15,561,703,251.21 |
| Shareholders' Equity: | ||
| Share Capital | 3,299,077,511.00 | 3,295,629,733.00 |
| Other Equity Instruments | ||
| Including: Preferred Stocks | ||
| Perpetual Bonds | ||
| Capital Reserves | 7,222,898,419.46 | 7,156,767,235.86 |
| Less: Treasury Share | 564,654,524.63 | 564,654,524.63 |
| Other Comprehensive Incomes | 98,002,013.52 | 104,358,460.57 |
| Special Reserves | ||
| Surplus Reserves | 1,647,814,866.50 | 1,647,814,866.50 |
| General Risk Reserves | ||
| Undistributed Profits | 25,041,434,688.77 | 24,388,130,399.78 |
| Total Shareholders' Equity Attributable to the Parent Company | 36,744,572,974.62 | 36,028,046,171.08 |
| Minority Shareholders' Equity | 1,206,890,507.61 | 1,146,162,659.53 |
| Total Shareholders' Equity | 37,951,463,482.23 | 37,174,208,830.61 |
| Total Liabilities and Shareholders' Equity | 50,497,850,338.83 | 52,735,912,081.82 |
Legal representative: Fu Liquan Person in charge of accounting work: Xu QiaofenPerson in charge of the accounting institution: Zhu Zhuling
2. Consolidated Income Statement
Unit: RMB
| Item | Amount Occurred in the Current Period | Amount Occurred in the Previous Period |
| I. Total Operating Revenue | 6,256,129,778.73 | 6,180,916,716.70 |
| Including: Operating Revenue | 6,256,129,778.73 | 6,180,916,716.70 |
| Interest Income | ||
| Earned Premiums | ||
| Service Charge and Commission Income | ||
| II. Total Operating Cost | 5,872,689,700.23 | 5,849,133,041.74 |
| Including: Operating Cost | 3,745,786,994.39 | 3,613,886,420.31 |
| Interest Expenditures | ||
| Service Charge and Commission Expenses | ||
| Surrender Value | ||
| Net Claims Paid | ||
| Extracted Net Amount of Reserve for Insurance Liability | ||
| Policyholder Dividend Expense | ||
| Reinsurance Cost | ||
| Taxes and Surcharges | 48,363,656.56 | 44,023,549.81 |
| Sales Expenses | 1,023,965,153.19 | 1,070,830,380.15 |
| Administration expenses | 244,984,969.09 | 243,515,288.59 |
| Research and development expense | 969,577,439.22 | 929,481,413.25 |
| Financial expenses | -159,988,512.22 | -52,604,010.37 |
| Including: interest expenses | 4,825,976.50 | 18,148,621.16 |
| Interest Income | 79,046,416.41 | 88,636,919.16 |
| Add: Other income | 243,865,531.80 | 324,111,658.25 |
| Investment Income (Mark "-" for Loss) | 107,783,303.13 | 113,539,532.26 |
| Including: Investment Income from Affiliates and Joint Ventures | 401,755.24 | -61,957.49 |
| Profits from recognition Termination of Financial | -251,332.23 | -365,236.35 |
| 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 "-") | -6,866,151.69 | -100,469,929.89 |
| Credit Impairment Losses (Mark "-" for Loss) | -12,404,523.05 | -35,543,905.05 |
| Asset Impairment Losses (Mark "-" for Loss) | -18,894,150.29 | -20,132,322.78 |
| Asset Disposal Income (Mark "-" for Loss) | 1,180,275.35 | 430,249.61 |
| III. Operating Profit (Mark "-" for Loss) | 698,104,363.75 | 613,718,957.36 |
| Add: Non-operating Revenues | 1,882,660.02 | 3,621,238.09 |
| Less: Non-operating Expenses | 2,824,565.76 | 1,516,475.11 |
| IV. Total Profit (Mark "-" for Total Loss) | 697,162,458.01 | 615,823,720.34 |
| Less: Income Tax Expense | -9,689,528.57 | 29,586,521.43 |
| V. Net Profit (Mark "-" for Net Loss) | 706,851,986.58 | 586,237,198.91 |
| (I) Classified by operation continuity | ||
| 1. Net Profit as a Going Concern (Mark "-" for Net Loss) | 706,851,986.58 | 586,237,198.91 |
| 2. Net Profit of Discontinued Operation (Mark "-" for Net Loss) | ||
| (II) Classified by the attribution of ownership | ||
| 1. Net Profit Attributable to the Parent Company's Owner | 653,304,288.99 | 561,037,985.01 |
| 2. Minority Shareholders' Profit and Loss | 53,547,697.59 | 25,199,213.90 |
| VI. Net Amount of Other Comprehensive Incomes after Tax | -6,283,686.51 | 426,836.91 |
| Net Amount of Other Comprehensive Incomes after Tax Attributable to the Parent Company's Owner | -6,356,447.05 | 550,900.38 |
| (I) Other comprehensive income that cannot be reclassified into profit or loss | ||
| 1. Re-measure the variation of the defined benefit plan | ||
| 2. Other comprehensive income that cannot be transferred to P/L under the equity method | ||
| 3. Changes in the fair value of investment in other equity instruments | ||
| 4. Changes in the fair value of the credit risk of the enterprise | ||
| 5. Others | ||
| (II) Other comprehensive income that will be reclassified as P/L | -6,356,447.05 | 550,900.38 |
| 1. Other comprehensive income that can be transferred to P/L under the equity method | ||
| 2.Changes in the fair value of investment in other creditor's rights | ||
| 3. Financial assets reclassified |
| into other comprehensive income | ||
| 4. Provisions for the credit impairment of investment in other creditor's rights | ||
| 5. Cash flow hedge reserves | ||
| 6. Currency conversion difference | -6,356,447.05 | 550,900.38 |
| 7. Others | ||
| Net Amount of Other Comprehensive Incomes After Tax Attributable to Minority Shareholders | 72,760.54 | -124,063.47 |
| VII. Total Comprehensive Income | 700,568,300.07 | 586,664,035.82 |
| Total Comprehensive Income Attributable to the Parent Company's Owner | 646,947,841.94 | 561,588,885.39 |
| Total Comprehensive Income Attributable to Minority Shareholders | 53,620,458.13 | 25,075,150.43 |
| VIII. Earnings per Share: | ||
| (I) Basic Earnings per Share | 0.20 | 0.17 |
| (II) Diluted Earnings per Share | 0.20 | 0.17 |
Legal representative: Fu Liquan Person in charge of accounting work: Xu QiaofenPerson in charge of the accounting institution: Zhu Zhuling
3. Consolidated Cash Flow Statement
Unit: RMB
| Item | Amount Occurred in the Current Period | Amount Occurred in the Previous Period |
| I. Cash Flow Generated by Operational Activities: | ||
| Cash from Sales of Merchandise and Provision of Services | 8,207,170,646.30 | 7,750,834,268.99 |
| Net Increase in Customer's Bank Deposits and Interbank Deposits | ||
| Net Increase in Borrowings from the Central Bank | ||
| Net Increase in Borrowings from Other Financial Institutions | ||
| Cash Arising from Receiving Premiums for the Original Insurance Contract | ||
| Net Amount Arising from Reinsurance Business | ||
| Net Increase in Deposits and Investments from Policyholders | ||
| Cash Arising from Interests, Service Charges and Commissions | ||
| Net Increase in Borrowings from Banks and Other Financial Institutions | ||
| Net Increase in Repurchase Business Funds | ||
| Net Amount of Cash Received from the Vicariously Traded |
| Securities | ||
| Tax Refund | 239,962,306.86 | 247,299,856.58 |
| Other Received Cash Related to Operational Activities | 338,696,763.38 | 414,580,279.26 |
| Subtotal of cash inflow from operational activities | 8,785,829,716.54 | 8,412,714,404.83 |
| Cash Paid for Merchandise and Services | 5,631,796,732.81 | 5,402,014,357.32 |
| Net Increase in Loans and Advances to Customers | ||
| Net Increase in Deposits with Central Bank and Other Financial Institutions | ||
| Cash Paid for Original Insurance Contract Claims | ||
| Net increase of funds lent | ||
| Cash Paid for Interests, Service Charges and Commissions | ||
| Cash Paid for Policy Dividends | ||
| Cash Paid to and for Employees | 2,747,283,980.03 | 2,771,134,201.56 |
| Cash Paid for Taxes and Surcharges | 483,149,237.58 | 1,018,493,205.20 |
| Other Paid Cash Related to Operational Activities | 595,295,160.74 | 527,739,001.41 |
| Subtotal of cash outflow from operational activities | 9,457,525,111.16 | 9,719,380,765.49 |
| Net cash flow generated by operating activities | -671,695,394.62 | -1,306,666,360.66 |
| II. Cash Flow from Investment Activities: | ||
| Cash Arising from Disposal of Investments | 3,830,530,852.47 | 372,086,120.47 |
| Cash Arising from Investment Incomes | 8,808,463.02 | 12,071,453.32 |
| Net Cash Arising from Disposal of Fixed Assets, Intangible Assets and Other Long-term Assets | 1,074,071.43 | 271,780.50 |
| Net Cash Arising from Disposal of Subsidiaries and Other Business Units | 11,700,743.16 | 73,178,296.48 |
| Other Received Cash Related to Investment Activities | 3,436,392.97 | 4,330,029.58 |
| Subtotal of cash inflow from investment activities | 3,855,550,523.05 | 461,937,680.35 |
| Cash Paid for Purchase and Construction of Fixed Assets, Intangible Assets and Other Long-term Assets | 197,326,893.16 | 313,115,264.69 |
| Cash Paid for Investments | 4,003,705,846.64 | 23,334,630.75 |
| Net Increase in Pledge Loans | ||
| Net Cash Paid for Acquisition of Subsidiaries and Other Business Units |
| Other Paid Cash Related to Investment Activities | 2,620,385.00 | 429,000.00 |
| Subtotal of cash outflows from investment activities | 4,203,653,124.80 | 336,878,895.44 |
| Net amount of cash flow generated by investment activities | -348,102,601.75 | 125,058,784.91 |
| III. Cash Flow from Financing Activities: | ||
| Cash Arising from Absorbing Investments | 53,347,469.26 | |
| Including: Cash Arising from Subsidiaries Absorbing Investments by Minority Shareholders | ||
| Cash Arising from Borrowings | 300,950,000.00 | 606,240,500.00 |
| Other Received Cash Related to Financing Activities | ||
| Subtotal of cash inflow from financing activities | 354,297,469.26 | 606,240,500.00 |
| Cash Paid for Debts Repayment | 895,000,000.00 | 1,144,326,953.83 |
| Cash Paid for Distribution of Dividends and Profits or Payment of Interests | 1,050,738.89 | 14,667,873.22 |
| Including: Dividends and Profits Paid to Minority Shareholders by Subsidiaries | ||
| Other Paid Cash Related to Financing Activities | 40,699,168.63 | 74,980,441.26 |
| Subtotal of cash outflow from financing activities | 936,749,907.52 | 1,233,975,268.31 |
| Net cash flow generated by financing activities | -582,452,438.26 | -627,734,768.31 |
| IV. Impact of Fluctuation in Exchange Rate on Cash and Cash Equivalents | 40,545,841.76 | 35,256,031.86 |
| V. Net Increase in Cash and Cash Equivalents | -1,561,704,592.87 | -1,774,086,312.20 |
| Add: Cash and Cash Equivalents at the Commencement of the Period | 11,061,530,816.28 | 15,895,161,431.24 |
| VI. Cash and Cash Equivalents at the End of the Period | 9,499,826,223.41 | 14,121,075,119.04 |
(II) Adjustments to relevant items of financial statements as of the beginning ofthe year in which the new accounting standards are first implemented in 2025.
□ Applicable ?Not applicable
(III) Audit Report
Has the first quarter report been audited
□ Yes ?No
The report for the first quarter has not been audited.
Board of Directors of Zhejiang Dahua Technology Co., Ltd.
April 19, 2025