StockCode:002236StockName:DahuaTechnologyAnnouncementNo.:2025-084
ZhejiangDahuaTechnologyCo.,Ltd.
2025ThirdQuarterReportTheCompanyandallmembersoftheBoardofDirectorsherebyguaranteethattheinformationdisclosedhereinisauthentic,accurateandcompleteandfreeofanyfalserecords,misleadingstatements,ormaterialomissions.ImportantContentReminder:
1.TheBoardofDirectors,theBoardofSupervisors,directors,supervisorsandseniormanagementmembersoftheCompanyherebyguaranteethattheinformationpresentedinthisquarterlyreportisauthentic,accurate,completeandfreeofanyfalserecords,misleadingstatementsormaterialomissions,andtheywillbearjointandseveralliabilitiesforsuchinformation.
2.TheCompany'slegalrepresentative,chiefaccountant,andpersoninchargeofaccountinginstitution(AccountingOfficer)herebydeclareandwarrantthatthefinancialstatementsinthequarterlyreportareauthentic,accurate,andcomplete.
3.Hasthefinancialaccountingreportforthethirdquarterbeenaudited?
□Yes?No
I.KeyFinancialData
(I)KeyAccountingDataandFinancialIndexesWhethertheCompanyneedsretroactiveadjustmentorrestatementofaccountingdatainprioryearsornot
□Yes?No
| Currentreportingperiod | Increase/decreaseratiocomparedwiththesameperiodoflastyear | FromtheBeginningoftheYeartotheEndoftheCurrentReportingPeriod | Increase/DecreaseofthePeriodfromtheBeginningoftheYeartotheEndoftheCurrentReportingPeriodComparedwiththeSamePeriodofthePreviousYear | |
| Operatingrevenue(RMB) | 7,731,212,668.46 | 1.95% | 22,912,542,319.59 | 2.06% |
| NetprofitattributabletoshareholdersofthelistedCompany(RMB) | 1,059,901,819.80 | 44.12% | 3,535,468,570.41 | 38.92% |
| Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingnon-recurringgainsandlosses(RMB) | 760,511,398.58 | 52.34% | 2,556,444,810.28 | 13.04% |
| Netcashflowgeneratedbyoperationalactivities(RMB) | — | — | 1,563,656,132.50 | 1,351.77% |
| Basicearningspershare(RMB/Share) | 0.33 | 43.48% | 1.09 | 39.74% |
| Dilutedearningspershare(RMB/Share) | 0.33 | 43.48% | 1.09 | 39.74% |
| WeightedaverageROE | 2.81% | 0.76% | 9.55% | 2.39% |
| Endofthisreportingperiod | Endofthelastyear | Increase/decreaseattheendofthecurrentreportingperiodcomparedwiththeendofthepreviousyear | ||
| Totalassets(RMB) | 52,144,046,937.12 | 52,735,912,081.82 | -1.12% | |
| Owners'EquityAttributabletoShareholdersoftheListedCompany(Unit:RMB) | 38,223,096,808.24 | 36,028,046,171.08 | 6.09% | |
(II)Non-recurringGainsandLossesandTheirAmounts
?Applicable□Notapplicable
Unit:RMB
| Item | AmountintheCurrentReportingPeriod | TheAmountfromtheBeginningoftheYeartotheEndoftheCurrentReportingPeriod | Note |
| Profitsorlossesfromdisposalofnon-currentassets(includingthewrite-offfortheaccruedimpairmentofassets) | -1,533,630.98 | 483,831,482.50 | |
| Thegovernmentsubsidiesincludedinthecurrentprofitsandlosses(excludingthegovernmentsubsidiescloselyrelatedtoregularbusinessesoftheCompany,inlinewithnationalpolicies,entitledtoaccordingtotheestablishedstandard,andcontinuouslyimpactingtheCompany'sprofitsandlosses) | 47,796,196.05 | 242,086,638.37 | |
| Profitsandlossesresultingfromthechangesinfairvalueforfinancialassetsandfinancialliabilitiesheldbynon-financialenterprises,andfromdisposaloffinancialassetsandliabilities,excludingtheeffectivehedgingbusinessesrelatedtotheregularbusinessoperationoftheCompany | 9,420,629.92 | 9,837,544.48 | |
| Gainsorlossesfrominvestmentorassetmanagemententrustedtoothers | 303,323,458.74 | 492,667,231.43 | |
| Reversalofthereceivablesdepreciationreservesforseparateimpairmenttest | 775,681.50 | 3,812,594.83 | |
| Profitsandlossesondebtrestructuring | -9,710.00 | -7,673,787.54 | |
| Non-OperatingRevenueandexpensesotherthantheabove | 710,651.38 | 2,115,711.05 | |
| Othergainsandlossesitemsthatfitthedefinitionofnon-recurringgainsandlosses | -7,787,446.32 | ||
| Less:Impactofincometax | 54,148,194.67 | 224,790,349.52 | |
| Impactofminorityequity(aftertax) | 6,944,660.72 | 15,075,859.15 | |
| Total | 299,390,421.22 | 979,023,760.13 | -- |
Othergainsorlossesthatfitthedefinitionofnon-recurringgainsorlosses:
□Applicable?NotapplicableTheCompanyhasnoothergainsorlossesthatfitthedefinitionofnon-recurringgainsorlosses.Noteforthedefinitionofnon-recurringgainsandlosseslistedintheNo.1ExplanatoryAnnouncementonInformationDisclosureforCompaniesIssuanceTheirSecuritiestothePublic-Non-recurringgainsandlosses,asrecurringgainsandlosses.
□Applicable?NotapplicableTheCompanydidnotdefineanynon-recurringgainsandlosseslistedintheNo.1ExplanatoryAnnouncementonInformationDisclosureforCompaniesIssuanceTheirSecuritiestothePublic-Non-recurringgainsandlossesasrecurringgainsandlosses.
(III)TheChangesinkeyaccountingdataandfinancialindexesandthereasonsforsuchchanges
?Applicable□Notapplicable
(I)ChangesintheBalanceSheetandExplanationsfortheReasons
1.Monetaryfundsdecreasedby30.04%comparedtothebeginningoftheyear,primarilyattributabletotheacquisitionoflarge-denominationcertificatesofdeposit,thedisbursementofyear-endbonuses,andthedistributionofdividends;
2.Tradingfinancialassetsincreasedby49.99%comparedtothebeginningoftheyear,primarilyattributabletothegrowthinfinancialproductsduringtheperiod;
3.Non-currentassetsduewithinoneyearincreasedby76.90%comparedtothebeginningoftheyear,mainlyasaresultofthereclassificationoflarge-denominationcertificatesofdepositmaturingwithinoneyear;
4.Othernon-currentfinancialassetsincreasedby38.09%comparedtothebeginningoftheyear,primarilyattributabletofluctuationsinthefairvalueofassetmanagementplans;
5.Construction-in-progressdecreasedby98.38%comparedtothebeginningoftheyear,mainlyasaresultofthecompletionandsubsequenttransferofconstruction-in-progresstooperationalstatus;
6.Othernon-currentassetsincreasedby52.54%comparedtothebeginningoftheyear,chieflyduetoanincreaseinlarge-denominationcertificatesofdepositduringtheperiod;
7.Short-termloansdecreasedby79.68%comparedtothebeginningoftheyear,primarilyattributabletotherepaymentofbankloansduringtheperiod;
8.Employeecompensationpayabledecreasedby40.38%comparedtothebeginningoftheyear,mainlyasaresultofdisbursingyear-endbonuses;
9.Otherpayablesdecreasedby37.04%comparedtothebeginningoftheyear,mainlyduetothereductionofobligationsrelatedtotherepurchaseofrestrictedsharesandmanageddividends;
10.Leaseliabilitiesincreasedby40.06%comparedtothebeginningoftheyear,primarilyowingtotherenewaloflong-termleasecontractsfollowingtheexpirationoftheleaseagreements;
11.Deferredincometaxliabilitiesincreasedby231,796.04%comparedtothebeginningoftheyear,primarilyattributabletothenetpresentationofdeferredincometax;
12.Minorityshareholders'equitydecreasedby30.05%comparedtothebeginningoftheyear,mainlyasaresultofthedisposalofequityinHangzhouHuachengNetworkTechnologyCo.,Ltd.,whichledtoacorrespondingreductioninminorityshareholders'equity.(II)ChangesintheIncomeStatementItemsandExplanationsfortheReasons
1.Financialexpensesdecreasedby68.51%comparedtothecorrespondingperiodofthepreviousyear,primarilyattributabletoanincreaseinexchangeearningscomparedtothesameperiodlastyear;
2.Investmentincomeincreasedby214.03%comparedtothecorrespondingperiodofthepreviousyear,mainlydrivenbyariseinequitytransferincomecomparedtothesameperiodlastyear;
3.Fairvaluechangeincomeincreasedby1,522.63%comparedtothecorrespondingperiodofthepreviousyear,mainlyduetoanincreaseinfairvaluechangeincomefromothernon-currentfinancialassetscomparedtothesameperiodlastyear;
4.Incometaxexpensesincreasedby1,402.18%comparedtothecorrespondingperiodofthepreviousyear,mainlyduetotheriseintaxableincomeduringthecurrentperiodresultinginacorrespondingincreaseinincometaxobligations.;(III)ChangesintheCashFlowStatementItemsandExplanationsfortheReasons
1.Thenetcashflowfromoperatingactivitiesincreasedby1,351.77%comparedtothecorrespondingperiodofthepreviousyear,mainlyduetoanincreaseinsalescollectionscomparedtothecorrespondingperiodofthepreviousyear;
2.Thenetcashflowfrominvestingactivitiesincreasedby44.75%comparedtothecorrespondingperiodofthepreviousyear,mainlyduetoadecreaseininvestmentsinlarge-denominationcertificatesofdepositcomparedtothesameperiodlastyear;
II.InformationonShareholders(I)Thetotalnumberofcommonstockshareholders,thenumberofpreferredstockshareholderswhosevotingrightshavebeenrestored,andtheshareholdingsofthetop10shareholders
Unit:share
| TotalNumberOfCommonShareholdersAtTheEndOfTheReportingPeriod | 186,665 | TotalNumberofPreferredShareholders(IfAny)WhoseVotingRightshavebeenRecoveredattheEndoftheReportingPeriod | 0 | |||||||
| Shareholdingsofthetop10shareholders(excludingshareslentbyrefinancing) | ||||||||||
| NameofShareholder | NatureofShareholder | ShareholdingPercentage | Numberofsharesheld | Numberofsharesheldwithlimitedsalesconditions | Pledges,markings,orfreezing | |||||
| StateOfShares | Quantity | |||||||||
| FuLiquan | DomesticNaturalPerson | 31.15% | 1,023,868,980 | 767,901,735 | Notapplicable | 0 | ||||
| ChinaMobileCommunicationsGroupCo.,Ltd. | State-ownedLegalPerson | 8.92% | 293,103,400 | 293,103,400 | Notapplicable | 0 | ||||
| ZhuJiangming | DomesticNaturalPerson | 4.60% | 151,190,260 | 0 | Notapplicable | 0 | ||||
| HongKongSecuritiesClearingCo.Ltd. | OverseasLegalPerson | 2.90% | 95,273,089 | 0 | Notapplicable | 0 | ||||
| ChenAiling | DomesticNaturalPerson | 2.17% | 71,262,813 | 53,447,110 | Notapplicable | 0 | ||||
| WuJun | DomesticNaturalPerson | 2.10% | 69,172,886 | 51,879,664 | Notapplicable | 0 | ||||
| IndustrialBankCo.,Ltd.-HuaxiaCSIRoboticTradingOpenIndexSecuritiesInvestmentFund | Others | 1.66% | 54,513,675 | 0 | Notapplicable | 0 | ||||
| ChinaSecuritiesFinanceCo.,Ltd. | DomesticNon-state-ownedLegalPerson | 1.21% | 39,611,241 | 0 | Notapplicable | 0 | ||||
| IndustrialandCommercialBankofChinaLimited-Huatai-PineBridgeCSI300Exchange-tradedOpen-endIndexSecuritiesInvestmentFund | Others | 1.03% | 33,857,130 | 0 | Notapplicable | 0 | ||||
| ChinaConstructionBankStockCorporation-EFundCSI300ExchangeTradedOpen-EndIndex-InitiatedSecuritiesInvestmentFund | Others | 0.74% | 24,360,743 | 0 | Notapplicable | 0 | ||||
| Shareholdingofthetop10unlimitedsaleconditionshareholders(excludingshareslentthroughrefinancingandlock-upsharesforseniormanagement) | ||||||||||
| NameofShareholder | Numberofsharesheldwithoutlimitedsalescondition | Typesandquantitiesofshares | ||||||||
| Typeofshares | Quantity | |||||||||
| FuLiquan | 255,967,245 | RMBcommonstock | 255,967,245 | |||||||
| ZhuJiangming | 151,190,260 | RMBcommonstock | 151,190,260 | |||||||
| HongKongSecuritiesClearingCo.Ltd. | 95,273,089 | RMBcommonstock | 95,273,089 | |||||||
| IndustrialBankCo.,Ltd.-HuaxiaCSIRoboticTradingOpenIndexSecuritiesInvestmentFund | 54,513,675 | RMBcommonstock | 54,513,675 | |||||||
| ChinaSecuritiesFinanceCo.,Ltd. | 39,611,241 | RMBcommonstock | 39,611,241 | |||||||
| IndustrialandCommercialBankofChina | 33,857,130 | RMBcommon | 33,857,130 | |||||||
| Limited-Huatai-PineBridgeCSI300Exchange-tradedOpen-endIndexSecuritiesInvestmentFund | stock | ||
| ChinaConstructionBankStockCorporation-EFundCSI300ExchangeTradedOpen-EndIndex-InitiatedSecuritiesInvestmentFund | 24,360,743 | RMBcommonstock | 24,360,743 |
| PICCLifeInsuranceCompanyLimited-dividend-individualinsurancedividend | 22,890,947 | RMBcommonstock | 22,890,947 |
| CathayHaitongSecuritiesCo.,Ltd.-TianhongCSIRoboticExchangeTradedOpen-EndIndexSecuritiesInvestmentFund | 21,737,383 | RMBcommonstock | 21,737,383 |
| IndustrialandCommercialBankofChinaLimited-HuaXiaCSI300ExchangeTradedOpen-EndIndexSecuritiesInvestmentFund | 18,179,751 | RMBcommonstock | 18,179,751 |
| Descriptionoftheassociationrelationshiporconcertedactionofabove-mentionedshareholders | Mr.FuLiquanandMs.ChenAilingarehusbandandwife.TheCompanyIsUnawareOfWhetherOtherShareholdersHaveAssociatedRelationshipOrArePersonsActingInConcert | ||
| ExplanationOnTopTenShareholders’ParticipationInSecuritiesMarginTrading(IfAny) | Notapplicable | ||
| Specialnoteontheexistenceofrepurchasespecialaccountsamongthetop10shareholders | AsofSeptember30,2025,thecompany'sdedicatedsecuritiesrepurchaseaccountholds26,471,801sharesofthecompany'scommonstockAshares,which,accordingtorequirements,arenotincludedinthecompany'stop10shareholdersortop10unrestrictedshareholderslistings. | ||
Shareholdersholdingmorethan5%ofshares,thetop10shareholdersandthetop10shareholderswithoutlimitedoutstandingsharesparticipatinginthelendingofsharesthroughrefinancing
□Applicable?NotapplicableChangesintop10shareholdersandtop10shareholderswithoutlimitedoutstandingsharesoverthepreviousperiodduetorefinancing,lending/returning
□Applicable?Notapplicable
(II)Thetotalnumberofpreferredstockshareholdersandtheshareholdingsofthetop10preferredstockshareholders
□Applicable?Notapplicable
III.OtherSignificantMatters
?Applicable□Notapplicable
1.Theexerciseconditionsforthesecondexerciseperiodofthecompany’s2022stockoptionandrestrictedshareincentiveplanhavebeenmet.TheexerciseperiodisscheduledfromJuly11,2024,toJuly10,2025,andtheexercisemethodshallbevoluntary.AsofJuly10,2025,thesecondexerciseperiodforthecompany'sstockoptionshasconcluded.Atotalof14,966,224stockoptionswereexercisedduringtheexerciseperiod,ofwhich3,913,320stockoptionswereexercisedinthethirdquarterof2025.
2.OnJuly15,2025,thecompanyheldthe14thmeetingofthe8thBoardofDirectorsandthe10thmeetingofthe8thBoardofSupervisors,duringwhichthe"ProposalontheCancellationofStockOptionsunderthe2022StockOptionandRestrictedShareIncentivePlan"wasreviewedandapproved.Becausethecompany'sperformancedidnotmeettheexerciseconditions,incentiverecipientsleftthecompany,andthesecondexerciseperiodexpired,theBoardofDirectorsandtheBoardofSupervisorshaveresolvedtocancel25,696,010stockoptionsthatwerepreviouslygrantedtotheincentiverecipientsbutremainunexercised.Duringthereportingperiod,theaforementionedstockoptionswerefullycancelled.Fordetails,pleaserefertothecompany’sannouncementregardingthecompletionofthestockoptioncancellationdisclosed,whichhasbeendisclosedontheJuchaoInformationNetworkunderthetitle“Announcement
ontheCompletionofStockOptionCancellation”(2025-066).Thecancelledstockoptionshadnotbeenexercised,andthiscancellationwillhavenoimpactonthecompany’ssharecapital.
3.Duringthereportingperiod,uponreviewandapprovalbythe14thmeetingofthe8thBoardofDirectorsandthe10thmeetingofthe8thBoardofSupervisors,thedesignatedlistingvenueforthecompany’scontrollingsubsidiary,ZhejiangHuaRayTechnologyCo.,Ltd.,waschangedfromadomesticstockexchangetoTheStockExchangeofHongKongLimited.Fordetailedinformation,pleaserefertothecompany's"NoticeontheAdjustmentoftheControllingSubsidiarytoOverseasListing"disclosedonJuly16,2025,onJuchaoInformationNetwork.
4.AsofSeptember30,2025,thecompanyrepurchased6,652,200sharesthroughthespecialsecuritiesaccountforsharerepurchaseviacompetitivebidding,withthehighesttransactionpriceatRMB15.71pershare,thelowesttransactionpriceatRMB15.16pershare,andatotaltransactionamountofRMB103.41million(excludingtransactionfees).IV.QuarterlyFinancialStatements
(I)FinancialStatements
1.ConsolidatedBalanceSheetPreparedby:ZhejiangDahuaTechnologyCo.,Ltd.
September30,2025
Unit:RMB
| Item | ClosingBalance | OpeningBalance |
| CurrentAssets: | ||
| Cashandbankbalances | 7,823,033,416.59 | 11,181,803,423.83 |
| Depositreservationforbalance | ||
| LoanstoBanksandOtherFinancialInstitutions | ||
| Tradingfinancialassets | 344,866,392.38 | 229,927,529.28 |
| DerivativeFinancialAssets | ||
| Notesreceivable | 664,757,569.51 | 777,750,260.09 |
| Accountsreceivable | 16,124,421,259.24 | 17,046,094,518.79 |
| ReceivablesFinancing | 803,268,810.82 | 841,815,267.43 |
| Prepayments | 326,934,442.42 | 310,574,867.09 |
| Premiumreceivable | ||
| ReinsuranceAccountsReceivable | ||
| ReinsuranceContractReservesReceivable | ||
| OtherReceivables | 312,674,827.67 | 293,728,850.42 |
| Including:interestreceivable | ||
| Dividendsreceivable | ||
| BuyingBacktheSaleofFinancialAssets | ||
| Inventory | 6,359,728,522.93 | 5,203,560,771.25 |
| Amongthem:Dataresources | ||
| Contractassets | 94,952,095.62 | 87,397,517.09 |
| Holdingfor-saleassets | ||
| Non-currentAssetsDuewithin1Year | 420,328,317.74 | 237,608,641.30 |
| Othercurrentassets | 743,445,094.12 | 1,035,802,016.58 |
| Totalcurrentassets | 34,018,410,749.04 | 37,246,063,663.15 |
| Non-currentasset: | ||
| Grantingofloansandadvances |
| InvestmentinCreditor'sRights | ||
| InvestmentinOtherCreditor'sRights | ||
| Long-termReceivables | 652,866,847.95 | 744,412,552.00 |
| Long-termEquityInvestment | 763,221,205.62 | 722,241,568.57 |
| InvestmentinOtherEquityInstruments | ||
| OtherNon-currentFinancialAssets | 1,760,279,615.71 | 1,274,697,490.87 |
| Investmentproperty | 160,014,717.26 | 139,280,586.26 |
| FixedAssets | 6,197,492,806.19 | 4,973,953,628.05 |
| ProjectsunderConstruction | 20,301,567.27 | 1,254,554,187.36 |
| Productivebiologicalasset | ||
| Oilandgasassets | ||
| Right-of-useassets | 275,298,889.68 | 232,124,277.86 |
| Intangibleasset | 563,316,686.70 | 578,035,438.59 |
| Amongthem:Dataresources | ||
| DevelopmentExpenditure | ||
| Amongthem:Dataresources | ||
| Goodwill | 6,615,294.18 | 6,615,294.18 |
| Long-termDeferredExpenses | 77,913,581.62 | 99,410,405.42 |
| Deferredincometaxassets | 1,046,612,510.14 | 1,136,746,080.45 |
| Othernon-currentassets | 6,601,702,465.76 | 4,327,776,909.06 |
| Totalnon-currentassets | 18,125,636,188.08 | 15,489,848,418.67 |
| Totalassets | 52,144,046,937.12 | 52,735,912,081.82 |
| Currentliabilities: | ||
| Short-termloan | 202,228,107.58 | 995,000,000.00 |
| Borrowingfromthecentralbank | ||
| BorrowingsfromBanksandOtherFinancialInstitutions | ||
| Transactionalfinancialliabilities | 3,173,538.06 | 4,268,603.52 |
| Derivativefinancialliability | ||
| NotesPayable | 3,393,721,610.79 | 3,599,974,242.02 |
| AccountsPayable | 5,595,411,808.07 | 5,877,976,861.13 |
| Advancepayments | ||
| Contractliabilities | 1,003,738,801.56 | 1,282,204,348.75 |
| Proceedsfromthesaleandrepurchaseoffinancialassets | ||
| DepositTakingandInterbankDeposit | ||
| ReceivingfromVicariouslyTradedSecurities | ||
| ReceivingfromVicariouslySoldSecurities | ||
| Payrollpayable | 1,079,801,726.92 | 1,811,053,208.92 |
| Taxespayable | 383,559,108.12 | 405,860,321.63 |
| Otherpayables | 401,079,766.96 | 637,013,560.05 |
| Including:interestpayable | ||
| DividendsPayable | 22,951,560.23 | |
| Payableservicechargesandcommissions | ||
| ReinsuranceAccountsPayable | ||
| Holdingfor-saleliabilities | ||
| Non-currentLiabilitiesDuewithin1Year | 109,087,796.66 | 117,227,812.08 |
| Othercurrentliabilities | 161,670,541.46 | 160,151,530.23 |
| Totalcurrentliabilities | 12,333,472,806.18 | 14,890,730,488.33 |
| Non-currentliability: | ||
| InsuranceContractReserves | ||
| Long-termloan |
| BondsPayable | ||
| Including:PreferredStocks | ||
| PerpetualBonds | ||
| Leaseliabilities | 160,104,643.17 | 114,313,807.41 |
| Long-termpayables | ||
| Long-termpayrollpayable | ||
| ExpectedLiabilities | 317,313,274.97 | 268,194,691.24 |
| Deferredincome | 171,690,223.70 | 186,181,012.99 |
| Deferredincometaxliabilities | 44,436,429.41 | 19,162.22 |
| Othernon-currentliabilities | 92,146,733.41 | 102,264,089.02 |
| Totalnon-currentliabilities | 785,691,304.66 | 670,972,762.88 |
| Totalliabilities | 13,119,164,110.84 | 15,561,703,251.21 |
| Owner'sequity: | ||
| ShareCapital | 3,286,755,574.00 | 3,295,629,733.00 |
| Otherequityinstruments | ||
| Including:PreferredStocks | ||
| PerpetualBonds | ||
| CapitalReserves | 7,230,485,488.93 | 7,156,767,235.86 |
| Less:treasuryshare | 523,372,315.27 | 564,654,524.63 |
| Othercomprehensiveincome | 127,391,943.84 | 104,358,460.57 |
| Specialreserve | ||
| SurplusReserves | 1,647,814,866.50 | 1,647,814,866.50 |
| Generalriskreserve | ||
| UndistributedProfits | 26,454,021,250.24 | 24,388,130,399.78 |
| Totalequityattributabletotheparentcompany'sshareholders | 38,223,096,808.24 | 36,028,046,171.08 |
| Minorityshareholders'equity | 801,786,018.04 | 1,146,162,659.53 |
| Totalowners'equity | 39,024,882,826.28 | 37,174,208,830.61 |
| Totalliabilitiesandshareholders'equity | 52,144,046,937.12 | 52,735,912,081.82 |
Legalrepresentative:FuLiquanPersoninchargeofaccountingwork:XuQiaofenHeadofaccountingdepartment:ZhuZhuling
2.ConsolidatedIncomeStatementforthePeriodfromtheBeginningoftheYeartotheEndoftheReportingPeriod
Unit:RMB
| Item | AmountOccurredintheCurrentPeriod | AmountOccurredinthePreviousPeriod |
| I.TotalOperatingRevenue | 22,912,542,319.59 | 22,450,081,877.91 |
| Amongthem:operatingrevenue | 22,912,542,319.59 | 22,450,081,877.91 |
| Interestincome | ||
| EarnedPremiums | ||
| ServiceChargeandCommissionIncome | ||
| II.TotalOperatingCost | 20,441,398,270.21 | 20,479,553,255.38 |
| Including:OperatingCost | 13,368,849,135.26 | 13,384,476,816.95 |
| Interestexpense | ||
| ServiceChargeandCommissionExpenses | ||
| SurrenderValue | ||
| NetClaimsPaid | ||
| Extractnetreserveforinsuranceliabilities | ||
| PolicyholderDividendExpense |
| ReinsuranceCost | ||
| TaxesandSurcharges | 184,294,201.97 | 158,769,418.18 |
| Salesexpenses | 3,362,702,440.87 | 3,422,402,593.82 |
| Administrationexpenses | 865,197,104.23 | 791,951,815.79 |
| Researchanddevelopmentexpense | 3,067,335,058.21 | 2,963,468,860.53 |
| Financialexpenses | -406,979,670.33 | -241,516,249.89 |
| Including:interestexpenses | -12,356,024.52 | 39,674,726.41 |
| Interestincome | 241,262,840.22 | 321,556,480.66 |
| Add:Otherincome | 803,734,554.97 | 715,671,983.83 |
| InvestmentIncome(Mark"-"forLoss) | 629,278,810.59 | 200,387,783.50 |
| Including:investmentincomefromjointventuresandjointventures | 23,880,017.26 | 14,333,289.80 |
| ProfitsfromrecognitionTerminationofFinancialAssetsatAmortizedCost | -8,072,879.22 | -868,841.91 |
| ExchangeGains(Mark"-"forLosses) | ||
| ProfitofNetExposureHedging(Mark"-"forLoss) | ||
| Incomesfromchangesinfairvalue(lossesmarkedwith"-") | 373,919,814.94 | 23,044,036.30 |
| CreditImpairmentLosses(Mark"-"forLoss) | -213,337,424.57 | -273,581,881.25 |
| AssetImpairmentLosses(Mark"-"forLoss) | -81,284,737.68 | -68,754,496.66 |
| AssetDisposalIncome(Mark"-"forLoss) | 552,749.41 | 1,177,286.72 |
| III.OperatingProfit(Mark"-"forLoss) | 3,984,007,817.04 | 2,568,473,334.97 |
| Add:non-operatingrevenue | 9,864,439.24 | 11,576,723.73 |
| Less:non-operatingexpense | 9,415,229.34 | 5,200,907.98 |
| IV.TotalProfit(Mark"-"forTotalLoss) | 3,984,457,026.94 | 2,574,849,150.72 |
| Less:IncomeTaxExpense | 316,826,289.59 | -24,330,512.03 |
| V.NetProfit(Mark"-"forNetLoss) | 3,667,630,737.35 | 2,599,179,662.75 |
| (I)Classifiedbyoperationcontinuity | ||
| 1.NetProfitasaGoingConcern(Mark"-"forNetLoss) | 3,667,630,737.35 | 2,599,179,662.75 |
| 2.NetProfitofDiscontinuedOperation(Mark"-"forNetLoss) | ||
| (II)Classifiedbytheattributionofownership | ||
| 1.NetProfitAttributabletoShareholdersofParentCompany(NetLosstobefilledinas“-”) | 3,535,468,570.41 | 2,545,010,271.97 |
| 2.MinorityShareholders'ProfitandLoss(NetLosstobefilledinas"-”) | 132,162,166.94 | 54,169,390.78 |
| VI.OtherComprehensiveIncome,NetofTax | 23,946,197.65 | 48,910,092.07 |
| Othercomprehensiveincome,netoftax,attributabletotheparentcompanyowners | 23,033,483.27 | 49,221,225.74 |
| (I)Othercomprehensiveincomethatcannotbereclassifiedintoprofit |
| orloss | ||
| 1.Re-measurethevariationofthedefinedbenefitplan | ||
| 2.OthercomprehensiveincomethatcannotbetransferredtoP/Lundertheequitymethod | ||
| 3.Changesinthefairvalueofinvestmentinotherequityinstruments | ||
| 4.Changesinthefairvalueofthecreditriskoftheenterprise | ||
| 5.Others | ||
| (II)OthercomprehensiveincomethatwillbereclassifiedasP/L | 23,033,483.27 | 49,221,225.74 |
| 1.OthercomprehensiveincomethatcanbetransferredtoP/Lundertheequitymethod | ||
| 2.Changesinthefairvalueofinvestmentinothercreditor'srights | ||
| 3.Financialassetsreclassifiedintoothercomprehensiveincome | ||
| 4.Provisionsforthecreditimpairmentofinvestmentinothercreditor'srights | ||
| 5.Cashflowhedgereserves | ||
| 6.Currencyconversiondifference | 23,033,483.27 | 49,221,225.74 |
| 7.Others | ||
| NetAmountofOtherComprehensiveIncomesAfterTaxAttributabletoMinorityShareholders | 912,714.38 | -311,133.67 |
| VII.TotalComprehensiveIncome | 3,691,576,935.00 | 2,648,089,754.82 |
| (I)TotalComprehensiveIncomeAttributabletotheOwneroftheParentCompany | 3,558,502,053.68 | 2,594,231,497.71 |
| (II)TotalComprehensiveIncomeAttributabletoMinorityShareholders | 133,074,881.32 | 53,858,257.11 |
| VIII.EarningsperShare: | ||
| (I)BasicEarningsperShare | 1.09 | 0.78 |
| (II)DilutedEarningsperShare | 1.09 | 0.78 |
Legalrepresentative:FuLiquanPersoninchargeofaccountingwork:XuQiaofenHeadofaccountingdepartment:ZhuZhuling
3.ConsolidatedCashFlowStatementforthePeriodfromtheBeginningoftheYeartotheEndoftheReportingPeriod
Unit:RMB
| Item | AmountOccurredintheCurrentPeriod | AmountOccurredinthePreviousPeriod |
| I.CashFlowGeneratedbyOperationalActivities: | ||
| CashfromSalesofMerchandiseandProvisionofServices | 26,217,345,825.96 | 23,953,796,287.86 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| NetIncreaseinBorrowingsfromtheCentralBank | ||
| NetIncreaseinBorrowingsfromOtherFinancialInstitutions | ||
| CashArisingfromReceivingPremiumsfortheOriginalInsuranceContract |
| NetAmountArisingfromReinsuranceBusiness | ||
| NetIncreaseinDepositsandInvestmentsfromPolicyholders | ||
| CashArisingfromInterests,ServiceChargesandCommissions | ||
| NetIncreaseinBorrowingsfromBanksandOtherFinancialInstitutions | ||
| NetIncreaseinRepurchaseBusinessFunds | ||
| NetAmountofCashReceivedfromtheVicariouslyTradedSecurities | ||
| TaxRefund | 787,396,650.45 | 913,794,211.98 |
| OtherReceivedCashRelatedtoOperationalActivities | 1,141,463,327.05 | 1,053,722,520.92 |
| Subtotalofcashinflowfromoperatingactivities | 28,146,205,803.46 | 25,921,313,020.76 |
| Cashpaidforgoodsandservices | 17,073,600,689.91 | 16,171,889,578.67 |
| Netincreaseincustomerloansandadvances | ||
| NetIncreaseinDepositswithCentralBankandOtherFinancialInstitutions | ||
| CashPaidforOriginalInsuranceContractClaims | ||
| Netincreaseoffundslent | ||
| CashPaidforInterests,ServiceChargesandCommissions | ||
| CashPaidforPolicyDividends | ||
| CashPaidtoandforEmployees | 6,202,945,807.87 | 6,181,340,629.44 |
| Taxesandfeespaid | 1,603,635,394.80 | 1,947,752,603.44 |
| OtherPaidCashRelatedtoOperationalActivities | 1,702,367,778.38 | 1,745,245,930.91 |
| Totalcashoutflowfromoperatingactivities | 26,582,549,670.96 | 26,046,228,742.46 |
| Netcashflowgeneratedbyoperatingactivities | 1,563,656,132.50 | -124,915,721.70 |
| II.CashFlowfromInvestmentActivities: | ||
| CashArisingfromDisposalofInvestments | 9,782,467,269.41 | 4,389,058,802.53 |
| Cashreceivedfrominvestmentincome | 15,525,937.05 | 23,994,083.48 |
| Netcashrecoveredfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 3,170,933.41 | 1,475,177.62 |
| Netcashreceivedfromdisposalofsubsidiariesandotherbusinessunits | 260,265,872.85 | 73,178,296.48 |
| Cashreceivedfromotheractivitiesrelatedtoinvesting | 10,091,260.61 | 30,549,909.77 |
| Totalcashinflowfrominvestingactivities | 10,071,521,273.33 | 4,518,256,269.88 |
| Cashpaidfortheacquisitionandconstructionoffixedassets,intangibleassets,andotherlong-termassets | 569,560,486.88 | 742,666,230.32 |
| Cashpaidforinvestmentactivities | 11,957,923,891.90 | 8,236,759,253.43 |
| Netincreaseinpledgeloans | ||
| NetCashPaidforAcquisitionof |
| SubsidiariesandOtherBusinessUnits | ||
| Cashpaidforotherinvestmentactivities | 11,992,385.00 | 6,082,657.62 |
| Totalcashoutflowfrominvestingactivities | 12,539,476,763.78 | 8,985,508,141.37 |
| Netamountofcashflowgeneratedbyinvestmentactivities | -2,467,955,490.45 | -4,467,251,871.49 |
| III.CashFlowfromFinancingActivities: | ||
| CashArisingfromAbsorbingInvestments | 176,854,909.20 | 193,833.66 |
| Amongthem:cashreceivedbysubsidiariesfromminorityshareholderinvestments | ||
| CashArisingfromBorrowings | 903,178,107.58 | 2,214,437,200.00 |
| OtherReceivedCashRelatedtoFinancingActivities | ||
| Subtotalofcashinflowfromfinancingactivities | 1,080,033,016.78 | 2,214,631,033.66 |
| Cashpaidfordebtrepayment | 1,695,950,000.00 | 2,661,814,753.64 |
| Cashpaidfordistributionofdividends,profits,orinterestpayments | 1,496,098,757.94 | 1,889,155,961.29 |
| Amongthem:dividendsandprofitspaidbysubsidiariestominorityshareholders | 7,978,707.94 | |
| Cashpaidforotherfinancingactivities | 420,286,439.37 | 172,595,533.37 |
| Totalcashoutflowfromfinancingactivities | 3,612,335,197.31 | 4,723,566,248.30 |
| Netcashflowgeneratedbyfinancingactivities | -2,532,302,180.53 | -2,508,935,214.64 |
| IV.ImpactofExchangeRateFluctuationsonCashandCashEquivalents | 77,706,236.05 | 83,152,871.90 |
| V.NetIncreaseinCashandCashEquivalents | -3,358,895,302.43 | -7,017,949,935.93 |
| Add:Beginningbalanceofcashandcashequivalents | 11,061,530,816.28 | 15,880,659,594.95 |
| VI.EndingBalanceofCashandCashEquivalents | 7,702,635,513.85 | 8,862,709,659.02 |
(II)Adjustmentstorelevantitemsoffinancialstatementsasofthebeginningoftheyearinwhichthenewaccountingstandardsarefirstimplementedin2025.
□Applicable?Notapplicable
(III)AuditReport
Hasthefinancialaccountingreportforthethirdquarterbeenaudited?
□Yes?NoThecompany'sthirdquarterfinancialaccountingreporthasnotbeenaudited.
BoardofDirectorsofZhejiangDahuaTechnologyCo.,Ltd.
October25,2025