东方精工：2022年第一季度报告（英文版）.PDF

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1、Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022 1 / 15 GUANGDONG DONGFANG PRECISION SCIENCE & TECHNOLOGY CO.,LTD. THE REPORT FOR THE FIRST QUARTER OF 2022 The Company as well as all members of the Board of Directors hereby guarantee the factuality, accuracy, and complete

2、ness of the information disclosed, and its 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

3、Science & Technology Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee the factuality, accuracy, and completeness of the contents of this Report, and shall be jointly and severally liable for any misrepresentations, misleading statements, or material omissions therein. 2. The Com

4、panys legal representative, the Companys Chief Financial Officer, and the person-in-charge of the accounting organ hereby guarantee that the financial statements carried in this Report are factual, accurate and complete. 3. Whether the 1st quarter report has been audited Yes No The report for the fi

5、rst quarter of 2022 of the Company has been prepared and released in Chinese, and now has been translated into English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. Guangdong Dongfang Precision Science & Technology Co.,Ltd. Repor

6、t of Q1 2022 2 / 15 I Key Financial Information 1. Key Financial Data and Indicators Indicate whether there is any retrospectively restated datum in the table below. Yes No Q1 2022 Q1 2021 Rate of Change Operating revenue (RMB) 636,006,580.11 636,432,223.23 -0.07% Net profit attributable to the list

7、ed companys shareholders (RMB) 37,109,411.15 64,628,103.90 -42.58% Net profit attributable to the listed companys shareholders before non-recurring profit and loss (RMB) 45,662,017.31 51,969,185.59 -12.14% Net cash generated from/used in operating activities (RMB) 85,523,348.92 57,536,376.72 48.64%

8、Basic earnings per share (RMB / share) 0.03 0.04 -25.00% Diluted earnings per share (RMB /share) 0.03 0.04 -25.00% Weighted average return on equity (ROE) 1.02% 1.09% -0.07% Ending balance Of the Reporting Period Beginning balance Of the Reporting Period Rate of Change Total assets (RMB) 6,318,576,4

9、29.21 6,357,168,835.19 -0.61% Equity attributable to the listed companys shareholders (RMB) 3,627,044,948.10 3,681,970,298.39 -1.49% 2. Non-recurring profit and loss items and amount Applicable Not applicable Unit: RMB Item Q1 2022 Notes Gain or loss on disposal of non-current assets (inclusive of i

10、mpairment allowance write-offs) 0.00 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) 3,455,142.45 Gain or loss on fair-value changes on held-for-trading and

11、 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) -12,551,551.61 Non-Operating Revenu

12、e and expenses other than the above 156,741.04 Less: Income tax effects -723,225.74 Non-controlling interests effects (net of tax) 336,163.78 Total -8,552,606.16 - Other items that meet the definition of non-recurring profit and loss: Applicable Not applicable No such cases for the Reporting Period.

13、 Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022 3 / 15 Note of the reclassification of non-recurring items of profit or loss listed in Explanatory Announcement No. 1 on Disclosure of Information by Companies Issuing Public Securities - Non-recurring Profit or Loss as re

14、curring items of profit or loss: Applicable Not applicable No such cases for the Reporting Period. 3. Changes in Key Financial Data and Indicators and the Reasons Applicable Not applicable Unit: RMB (1) Balance sheet items Items Ending balance Of the Reporting Period Beginning balance Of the Reporti

15、ng Period Amount of Change Rate of Change Notes Prepayments 58,376,799.26 34,177,802.36 24,198,996.90 70.80% Mainly due to the increase in purchases in the current period. Inventories 1,010,107,537.55 867,280,013.47 142,827,524.08 16.47% Mainly due to the increase in orders in the current period. Ot

16、her receivables 123,944,579.87 71,363,166.84 52,581,413.03 73.68% Mainly due to the launch of the equity investment and the initial payment of the related investment Current portion of non-current assets 3,308,500.00 108,385,000.00 -105,076,500.00 -96.95% Manly due to the redemption of large-denomin

17、ation certificates of deposit due within one year in the current period. Other non-current financial assets 269,541,352.29 162,523,519.41 107,017,832.88 65.85% Mainly due to the business related to co-investment with some professional investment institutions undertaken by the subsidiary during the p

18、eriod. Construction in progress 21,533,825.15 12,298,259.58 9,235,565.57 75.10% Mainly due to the investment in the construction of factory buildings in the current period. Contract liabilities 602,121,242.89 405,842,932.51 196,278,310.38 48.36% Mainly due to the increase in orders in the current pe

19、riod. Tax payable 42,402,724.66 60,701,346.24 -18,298,621.58 -30.15% Mainly due to the payment of taxes and fees in the current period. Other payables 71,256,086.28 100,018,273.09 -28,762,186.81 -28.76% Mainly due to the payment of some expenses that have been accrued in the previous period in the c

20、urrent period. (2) Income statement items Items Q1 2022 Q1 2021 Amount of Change Rate of Change Notes Finance costs -5,516,912.35 -2,337,549.85 -3,179,362.50 -136.01% Mainly due to the effective management of funds in the current period and the exchange gains from the exchange Guangdong Dongfang Pre

21、cision Science & Technology Co.,Ltd. Report of Q1 2022 4 / 15 rates fluctuations. Investment income -4,249,447.63 37,814,460.29 -42,063,907.92 -111.24% Mainly due to the decrease in the investment income recognized by securities investment in the current period. Gain/loss on changes in fair value -8

22、,257,489.80 -14,286,064.93 6,028,575.13 42.20% Mainly due to the decrease in fair value recognized in securities investment in the current period. (3) Cash flow statement items Items Q1 2022 Q1 2021 Amount of Change Rate of Change Notes Net cash generated from/used in operating activities 85,523,348

23、.92 57,536,376.72 27,986,972.20 48.64% Mainly due to the increase in sales and collections in the current period and the increase in advance receipts for new orders. Net cash generated from/used in investing activities -2,853,044.36 506,133,874.10 -508,986,918.46 -100.56% Mainly due to the redemptio

24、n of securities investment in the current period. Net cash generated from/used in financing activities 19,572,369.24 -110,000,975.49 129,573,344.73 117.79% Mainly due to the withdrawal of the guarantee deposit for overseas loans under domestic guarantee and the payment of share repurchase funds in t

25、he current period. Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022 5 / 15 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 Numb

26、er of ordinary shareholders at the period-end 51,116 Number of preference shareholders with resumed voting rights at the period-end (if any) Not applicable Top 10 shareholders Name of shareholder Nature of shareholder Shareholding percentage Total shares held at the period-end Restricted shares held

27、 Shares in pledge or frozen Status Shares Tang Zhuolin Domestic individual 20.33% 270,737,568 203,053,176 In pledge 135,360,000 Tang Zhuomian Domestic individual 7.27% 96,885,134 In pledge 10,000,000 Pulead Technology Industry Co., Ltd. State-owned corporation 3.62% 48,149,787 Luzhou Industrial Deve

28、lopment Investment Group Co., Ltd. State-owned corporation 2.39% 31,770,010 Huarong SecuritiesChina Merchants SecuritiesHuarong Youzhi Collective Asset Management Plan No. 1 Fund and wealth management Product 2.36% 31,372,549 Qinghai Puren Intelligent Technology R & D Center (Limited Partnership) Do

29、mestic non-state-owned corporation 2.00% 26,628,340 Hong Kong Securities Clearing Company Limited Overseas corporation 1.99% 26,506,021 Qiu Yezhi Domestic individual 1.76% 23,382,388 17,536,791 Shengji Equity Investment Fund (Shanghai) Co., Ltd. State-owned corporation 1.47% 19,607,843 In pledge 19,

30、607,843 Contemporary Amperex Technology Co., Ltd. Domestic non-state-owned corporation 1.36% 18,118,868 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 ordinary shares 96,885,134 Tang Zhu

31、olin 67,684,392 RMB ordinary shares 67,684,392 Pulead Technology Industry Co., 48,149,787 RMB ordinary 48,149,787 Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022 6 / 15 Ltd. shares Luzhou Industrial Development Investment Group Co., Ltd. 31,770,010 RMB ordinary shares 31

32、,770,010 Huarong SecuritiesChina Merchants SecuritiesHuarong Youzhi Collective Asset Management Plan No. 1 31,372,549 RMB ordinary shares 31,372,549 Qinghai Puren Intelligent Technology R & D Center (Limited Partnership) 26,628,340 RMB ordinary shares 26,628,340 Hong Kong Securities Clearing Company

33、 Limited 26,506,021 RMB ordinary shares 26,506,021 Shengji Equity Investment Fund (Shanghai) Co., Ltd. 19,607,843 RMB ordinary shares 19,607,843 Contemporary Amperex Technology Co., Ltd. 18,118,868 RMB ordinary shares 18,118,868 JIC Investment Co., Ltd. 12,984,216 RMB ordinary shares 12,984,216 Rela

34、ted or acting-in-concert parties among the shareholders above Tang Zhuolin and Tang Zhuomian are full 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 acti

35、ng-in-concert parties. Except for these, the Company does not know whether the other shareholders are related parties or whether they are acting-in-concert parties in accordance with the Measures for the Administration of acquisitions of listed companies Note on the top 10 shareholders participation

36、 in securities margin trading (if any) As of 31 March 2022, Pulead Technology Industry Co., Ltd., held 122 shares through the general securities account, and held 48,149,665 shares through the credit securities account, with a total of 48,149,787 shares held. And Luzhou Industrial Development Invest

37、ment Group Co., Ltd., held 31,770,010 shares through the credit securities account, with a total of 31,770,010 shares held. And Qinghai Puren Intelligent Technology R & D Center (Limited Partnership), held 40 shares through the general securities account, and held 26,628,300 shares through the credi

38、t securities account, with a total of 26,628,340 shares held. 2. Total Number of Preference Shareholders and Information of Top 10 Preference Shareholders Applicable Not applicable III Other Significant Events Applicable Not applicable 1. Launch of 2022 Restricted Stock Incentive Plan To improve the

39、 Companys long-term incentive mechanism, fully mobilize the enthusiasm of the Companys core management / technology /business personnel, effectively promote the long-term development of the Company, and achieve the purpose of stabilizing the team, boosting morale, gathering talents and improving per

40、formance, the Company launched the 2022 Restricted Stock Incentive Plan in the first quarter of 2022, using 3,312,500 ordinary shares repurchased from the stock market as incentive shares, of which 2,650,000 shares were granted for the first part accounting for 0.20% of the total share capital; 662,

41、500 shares were reserved accounting for 0.05% of the total share capital, and the reserved portion accounted for 20% of the total grant. The grant price of restricted shares is RMB1/share. The total number of incented personnel for the first grant is 7. The personnel served in the Company (including

42、 Guangdong Dongfang Precision Science & Technology Co.,Ltd. Report of Q1 2022 7 / 15 subsidiaries, the same below) as core management/technical /business personnel at the time of the announcement of this incentive plan. The Restricted Stock Incentive Plan for 2022 has been reviewed and approved by t

43、he 13th (Interim) Meeting of the Fourth Session of the Board of Directors of the Company held on February 25, and the First Interim General Meeting of 2022 held on March 14, 2022, respectively. The 15th (interim) meeting of the Fourth Session of the Board of Directors of the Company held on March 21

44、, 2022 reviewed and approved the proposal on the grant of restricted shares to some incented personnel of the first grant of the 2022 Restricted Share Incentive Plan, and the grant date of the first part was March 21, 2022. As of the disclosure date of this report, the work related to the first gran

45、t of restricted stock incentive is in normal progress. 2. Spin-off of Subsidiary Suzhou Parsun Power Machine Co., Ltd. to list it on the ChiNext of Shenzhen Stock Exchange The 14th meeting of the 4th Board of Directors of the Company held on March 14, 2022 reviewed and approved proposals such as the

46、 Plan for Spin-off of Subsidiary Suzhou Parsun Power Machine Co., Ltd. to list it on the ChiNext of Shenzhen Stock Exchange . After the Spin-off Listing is completed, the shareholding structure of Parsun Power Machine Co., Ltd. will not undergo major changes, and the Company will still maintain cont

47、rol over it. The Spin-off Listing will help the subsidiary, Parsun Power Machine Co., Ltd., enhance its core competitiveness and deepen its industrial layout; broaden financing channels and enhance capital strength; optimize corporate governance structure and improve operating efficiency; finally re

48、lease its intrinsic value to maximize the interests of all shareholders. After the spin-off listing, Parsun Power will continue to engage in the R&D, production and sales of its products including outboard motors and general utility small gasoline motors, and will continue to improve the quality of

49、its product and services, strengthen the investment in R&D, and develop internationally competitive high-horsepower and new energy outboard motor products; develop and extend its products with outboard motors as the main line, finally strive to become a world-class outboard power supplier. IV Quarte

50、rly Financial Statements 1. Financial Statements (1) Consolidated Balance Sheet Prepared by: Guangdong Dongfang Precision Science & Technology Co., Ltd. 31 March 2022 Unit: RMB Item Ending balance Of the Reporting Period Beginning balance Of the Reporting Period Current assets: Guangdong Dongfang Pr