东方精工：2021年第三季度报告（英文版）.PDF
Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report 1 Guangdong Dongfang Precision Science&Technology Co.,Ltd. Q3 2021 Report The Company as well as all members of the Board of Directors hereby guarantee that the information disclosed is true, accurate and complete and free of any misrepresentations, misleading statements or material omissions. Important Notes: 1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of Guangdong Dongfang Precision Science & Technology Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions, and collectively and individually accept legal responsibility for such contents. 2. The Companys legal representative, the Companys Chief Financial Officer, and the Head of the Companys Accounting Department (equivalent to Financial Manager) hereby guarantee that the financial statements carried in this Report are truthful, accurate and complete. 3. Whether the quarter report has been audited Y es No This Report has been prepared in Chinese and translated into English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. I Key Financial Information 1. Key Financial Data and Indicators Indicate whether there is any retrospectively restated datum in the table below. Yes No Q3 2021 Change(%) Q1-Q3 2021 Change(%) Operating revenue (RMB yuan) 1,071,169,589.35 38.31% 2,471,728,553.53 26.63% Net profit attributable to the listed companys shareholders (RMB yuan) 129,754,201.64 31.70% 320,871,722.10 42.16% Net profit attributable to the listed companys shareholders before 119,708,244.58 48.00% 275,731,077.14 70.31% Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report 2 exceptional gains and losses (RMB yuan) Net cash generated from/used in operating activities (RMB yuan) 123,716,021.96 -50.31% Basic earnings per share (RMB yuan /share) 0.10 39.15% 0.24 60.00% Diluted earnings per share (RMB yuan /share) 0.10 39.15% 0.24 60.00% Weighted average return on equity (%) 3.28% 1.06% 7.95% 2.72% 30 September 2021 31 December 2020 Change(%) Total assets (RMB) 6,630,829,730.33 6,323,236,687.05 4.86% Equity attributable to the listed companys shareholders (RMB) 4,014,149,425.76 4,158,538,499.75 -3.47% 2. Exceptional Gains and Losses Applicable Not applicable Unit: RMB yuan Item Q3 2021 Q1-Q3 2021 Notes Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) 9,938.28 254,557.45 Government grants through profit or loss (exclusive of government grants given in the Companys ordinary course of business at fixed quotas or amounts as per the governments uniform standards) 2,032,349.64 8,744,677.29 Gain or loss on fair-value changes on held-for-trading and derivative financial assets and liabilities & income from disposal of held-for-trading and derivative financial assets and liabilities and other debt investments (exclusive of the effective portion of hedges that arise in the Companys ordinary course of business) 6,630,606.98 38,167,876.92 Non-Operating Revenue and expenses other than the above 2,744,844.77 2,720,766.46 Less: Income tax effects 1,047,578.97 4,007,623.56 Non-controlling interests effects (net of tax) 324,203.64 739,609.60 Total 10,045,957.06 45,140,644.96 - Other items that meet the definition of Exceptional Gains and Losses: Applicable Not applicable No such cases for the Reporting Period. Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the PublicExceptional Gain/Loss Items: Applicable Not applicable No such cases for the Reporting Period. 3. Changes in Key Financial Data and Indicators and the Reasons Applicable Not applicable Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report 3 Unit: RMB yuan (1) Balance sheet items Items 30 September 2021 31 December 2020 Change amount Change(%) Notes Cash and bank balances 1,639,145,929.97 885,711,053.88 753,434,876.09 85.07% Mainly due to the transfer of some large certificates of deposit and the recovery of some funds from wealth management products and securities investments during the period. Accounts receivable 725,086,423.72 469,635,423.58 255,451,000.14 54.39% Mainly due to the increase in sales during the period. Prepayments 50,602,032.65 29,109,416.21 21,492,616.44 73.83% Mainly due to the increase in orders, resulting in an increase in material purchases during the period. Current portion of non-current assets 107,107,500.00 2,556,000.00 104,551,500.00 4090.43% Mainly due to the reclassification of other non-current assets to current portion of non-current assets. Other non-current assets 299,552,405.96 936,540,047.40 -636,987,641.44 -68.01% Mainly due to the early redemption of other non-current assets and reclassification of other non-current assets to current portion of non-current assets during the period. Short-term borrowings 371,830,802.69 39,533,281.84 332,297,520.85 840.55% Mainly due to the addition of new short-term borrowings during the period. Tax payable 60,331,362.40 36,369,777.05 23,961,585.35 65.88% Mainly due to the increase in profit, resulting in an increase in tax payable during the period. Current portion of non-current liabilities 40,894,679.18 226,597,528.74 -185,702,849.56 -81.95% Mainly due to the repayment of part of the borrowings. Financial liabilities held for trading 5,286,141.68 41,408,109.80 -36,121,968.12 -87.23% Mainly due to the acquisition of minority interests during the period. Treasury stock 59,060,125.60 579,403,185.12 -520,343,059.52 -89.81% Mainly due to the retirement of repurchased shares during the period. (2) Income statement items Items Q1-Q3 2021 Q1-Q3 2020 Change amount Change(%) Notes R&D expenses 72,900,003.34 53,663,442.74 19,236,560.60 35.85% Mainly due to the increased investment in research and development during the period. Investment income 83,707,643.47 53,526,100.78 30,181,542.69 56.39% Mainly due to the increase in investment income recognized during the period. Gain/loss on changes in fair value 19,786,150.60 10,224,490.31 9,561,660.29 93.52% Mainly due to the increase in changes in fair value recognized for securities investment during the period. (3) Cash flow statement items Items Q1-Q3 2021 Q1-Q3 2020 Change amount Change(%) Notes Net cash generated from/used in operating activities 123,716,021.96 248,985,657.24 -125,269,635.28 -50.31% Mainly due to the increase in sales and accounts receivable, as well as the increase in orders and cash paid for inventory reserves during the period. Net cash generated from/used in investing activities 981,796,242.31 -304,321,178.06 1,286,117,420.37 422.62% Mainly due to the recovery of a large amount of bank wealth management products during the period. Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report 4 II Shareholder Information 1. Total Number of Ordinary Shareholders and Number of Preference Shareholders with Resumed Voting Rights, as well as Information of Top 10 Shareholders Unit: shares Number of ordinary shareholders at the period-end 48,177 Number of preference shareholders with resumed voting rights at the period-end (if any) 0 Top 10 shareholders Name of shareholder Nature of shareholder Shareholding percentage Total shares held at the period-end Restricted shares held Shares in pledge or frozen Status Shares Tang Zhuolin Domestic individual 20.32% 270,737,568 203,053,176 In pledge 187,000,000 Tang Zhuomian Domestic individual 7.27% 96,885,134 0 Pulead Technology Industry Co., Ltd. State-owned corporation 4.61% 61,454,378 0 Contemporary Amperex Technology Co., Ltd. Domestic non-state-owned corporation 3.36% 44,757,468 0 Luzhou Industrial Development Investment Group Co., Ltd. State-owned corporation 2.38% 31,770,010 0 Huarong SecuritiesChina Merchants SecuritiesHuarong Youzhi Collective Asset Management Plan No. 1 Other 2.36% 31,372,549 0 Qiu Yezhi Domestic individual 2.34% 31,176,518 23,382,388 Qinghai Puren Intelligent Technology R & D Center (Limited Partnership) Domestic non-state-owned corporation 2.00% 26,628,340 0 Liang Shujing Domestic individual 1.95% 26,000,000 0 JIC Investment Co., Ltd. State-owned corporation 1.94% 25,896,385 0 Top 10 unrestricted ordinary shareholders Name of shareholder Unrestricted shares held at the period-end Shares by type Type Shares Tang Zhuomian 96,885,134 RMB-denominated ordinary stock 96,885,134 Tang Zhuolin 67,684,392 RMB-denominated ordinary stock 67,684,392 Pulead Technology Industry Co., 61,454,378 RMB-denominated 61,454,378 Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report 5 Ltd. ordinary stock Contemporary Amperex Technology Co., Ltd. 44,757,468 RMB-denominated ordinary stock 44,757,468 Luzhou Industrial Development Investment Group Co., Ltd. 31,770,010 RMB-denominated ordinary stock 31,770,010 Huarong SecuritiesChina Merchants SecuritiesHuarong Youzhi Collective Asset Management Plan No. 1 31,372,549 RMB-denominated ordinary stock 31,372,549 Qinghai Puren Intelligent Technology R & D Center (Limited Partnership) 26,628,340 RMB-denominated ordinary stock 26,628,340 Liang Shujing 26,000,000 RMB-denominated ordinary stock 26,000,000 JIC Investment Co., Ltd. 25,896,385 RMB-denominated ordinary stock 25,896,385 Hong Kong Securities Clearing Company Ltd. 25,719,266 RMB-denominated ordinary stock 25,719,266 Related or acting-in-concert parties among the shareholders above Mr. Tang Zhuolin and Mr. Tang Zhuomian are brothers. On 18 August 2010, they signed the Agreement on Acting in Concert. Pulead Technology Industry Co., Ltd. and Qinghai Puren Intelligent Technology R & D Center (Limited Partnership) are acting-in-concert parties. Apart from that, the Company is not aware of any related or acting-in-concert parties among the other shareholders above. Top 10 shareholders involved in securities margin trading (if any) As of 30 September 2021, Pulead Technology Industry Co., Ltd. held 61,454,256 shares in the Company in its client account of collateral securities for margin trading in China Securities Co., Ltd.; and Luzhou Industrial Investment Group Co., Ltd. held 31,770,010 shares in the Company in its client account of collateral securities for margin trading in Guotai Junan Securities Co., Ltd.; and Qinghai Puren Intelligent Technology R & D Center (Limited Partnership) held 26,628,300 shares in the Company in its client account of collateral securities for margin trading in China Securities Co., Ltd.; and Liang Shujing held 26,000,000 shares in the Company in its client account of collateral securities for margin trading in China Securities Co., Ltd. 2. Total Number of Preference Shareholders and Information of Top 10 Preference Shareholders Applicable Not applicable III Other Significant Events Applicable Not applicable 1. Launched a new phase of Share Repurchase Plan On 22 September 2021, the Second Extraordinary General Meeting of 2021 considered and approved the Proposal on the share repurchase plan for 2021. The Company would repurchase its shares from the secondary market through centralized bidding trading with total self-owned funds of RMB500 million (inclusive) at least and RMB1 billion at most. The repurchase price would not exceed RMB8.34/share. The repurchased shares would be used for the following purposes: not less than 80% of the actual number of repurchased shares will be retired to reduce the Companys registered capital; not more than 20% of the actual number of repurchased shares would be used for share incentive or employee stock ownership plan. The implementation period of the share repurchase plan for 2021 will be within 12 months from the date of approval of the share repurchase plan by the general meeting of the Company. For details, please refer to the Report on Share Repurchase disclosed by the Company in China Securities Journal, Securities Times, Shanghai Securities News and the website of Shenzhen Stock Exchange on 23 September 2021. As of 30 September 2021, the Companys special securities account for the repurchase had not yet implemented any operation related to the repurchase of shares; as of the date of submission of this report for disclosure, a total of 13.7728 million shares (1.03% of the Companys total share capital) were repurchased by way of centralized bidding, with a total payment of approximately Guangdong Dongfang Precision Science & Technology Co., Ltd. Q3 2021 Report 6 RMB78.3221 million (exclusive of transaction costs, highest transaction price: RMB5.94/share; lowest transaction price: RMB5.53/share). 2. Repurchased and retired 150,000 incentive shares granted On 22 September 2021, the Second Extraordinary General Meeting of 2021 considered and approved the Proposal on the Repurchase and Retirement of Certain Restricted Shares. In accordance with the relevant provisions of the Administrative Measures for Share Incentives of Listed Companies and the Companys Restricted Stock Incentive Plan 2020 (Draft) and the Evaluation Measures for the Implementation of the 2020 Restricted Share Incentive Plan of the Company, it was decided to repurchase and retire 150,000 restricted shares, accounting for approximately 0.011% of the total share capital before this repurchase and retirement. On 26 October 2021, the repurchase and retirement of the above-mentioned restricted shares was completed by the Company. For details, please refer to the Announcement on the Completion of the Repurchase and Retirement of Certain Restricted Shares disclosed by the Company in China Securities Journal, Securities Times, Shanghai Securities News and the website of Shenzhen Stock Exchange on 28 October 2021. IV Quarterly Financial Statements 1. Financial Statements (1) Consolidated Balance Sheet Prepared by: Guangdong Dongfang Precision Science & Technology Co., Ltd. 30 September 2021 Unit: RMB yuan Item 30 September 2021 31 December 2020 Current assets: Cash and bank balances 1,639,145,929.97 885,711,053.88 Settlement provisions Dismantling funds Financial assets held for trading 1,251,118,522.33 1,636,296,430.31 Derivative financial assets Notes receivable 2,150,000.00 12,744,582.88 Accounts receivable 725,086,423.72 469,635,423.58 Receivable financing 48,177,648.24 56,737,978.04 Prepayments 50,602,032.65 29,109,416.21 Premium receivable Receivable reinsurance account Provision for reinsurance contract receivable Other receivables 64,642,396.69 79,103,472.64 Including: Interest receivable 52,607.81 587,074.81 Dividend receivable Buy back resale financial assets Inventories 936,091,610.69 734,120,595.26 Contract assets 3,740,773.85 29,504,693.97 Assets held for sale Guangdong Dongfang
