Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

Stock Code: 002236 Stock Name: Dahua Technology Announcement No.: 2025-040

Zhejiang Dahua Technology Co. Ltd.2025 First Quarter Report

The Company and all members of the Board of Directors hereby guarantee that the information disclosed herein

is 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 the

Company hereby guarantee that the information presented in this quarterly report is authentic accurate complete and

free of any false records misleading statements or material omissions and they will bear joint and several liability for

such information.

2. The Company's legal representative chief accountant and person in charge of accounting institution (Accounting

Officer) hereby declare and warrant that the financial statements in the quarterly report are authentic accurate and

complete.

3. Whether the First Quarter Report has been audited

□ Yes □No

This document is a translated version of the Chinese version 2025 First Quarter Report (“2025 年第一季度报告全文”) and the

published annual report in the Chinese version shall prevail.The complete published Chinese 2025 First Quarter Report may be obtained at http://www.cninfo.com.cn.

1Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

I. Key Financial Data

(I) Key Accounting Data and Financial Indexes

Whether the Company needs retroactive adjustment or restatement of accounting data in prior years or not

□ Yes □No

Increase or decrease in

this reporting period

Current reporting period Same period of last year

compared with the same

period of the last year

Operating revenue (RMB) 6256129778.73 6180916716.70 1.22%

Net profit attributable to

shareholders of the listed 653304288.99 561037985.01 16.45%

Company (RMB)

Net profit attributable to

shareholders of the listed

company after deducting non- 503508968.09 501290511.61 0.44%

recurring gains and losses

(RMB)

Net cash flow generated by

-671695394.62-1306666360.6648.59%

operational activities (RMB)

Basic Earnings per Share

0.200.1717.65%

(RMB/Share)

Diluted Earnings per Share

0.200.1717.65%

(RMB/Share)

Weighted Average ROE 1.80% 1.60% 0.20%

Increase or decrease at the

End of this reporting end of this reporting period

End of the last year

period compared with the end of

the last year

Total assets (RMB) 50497850338.83 52735912081.82 -4.24%

Owners' Equity Attributable to

Shareholders of the Listed 36744572974.62 36028046171.08 1.99%

Company (Unit: RMB)

(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 1654046.22

assets)

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 83920274.99

according to the established standard and

continuously impacting the Company’s profits and

losses)

Profits and losses resulting from the changes in fair

value for financial assets and financial liabilities held 8366003.00

by non-financial enterprises and from disposal of

2Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

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

92207364.51

management entrusted to others

Reversal of the receivables depreciation reserves for

3610.00

separate impairment test

Non-Operating Revenue and expenses other than the

-1352291.26

above

Less: Impact of income tax 31501776.89

Impact of minority equity (after tax) 3501909.67

Total 149795320.90 --

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 Information

Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses as recurring gains

and losses.□ Applicable □Not applicable

The Company did not define any non-recurring gains and losses listed in the No. 1 Explanatory Announcement on

Information Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses as

recurring gains and losses.(III) The Changes in key accounting data and financial indexes and the reasons for such

changes

□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 the

reduction 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 the

decrease in the amount of reverse repurchase of national debt at the end of the period compared with the beginning of

the 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 the

repayment 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 to

the 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 the

increase 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 mainly

due to the increase in gains on changes in fair value of other non-current financial assets compared with the same

period last year;

3. The credit impairment losses have decreased by 65.10% compared with the same period of last year mainly due to

the decrease in accrual for bad debt of accounts receivable in this period compared with the same period of last year;

3Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

4. The gains on asset disposal have increased by 174.32% compared with the same period of last year mainly due to

the 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 to

the 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 to

the 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 the

impact 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 last

year;

(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 same

period 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-denomination

certificates 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 stock

shareholders whose voting rights have been restored and the shareholdings of the top 10

shareholders

Unit: share

Total Number Of Common Total Number of Preferred Shareholders (If Any)

20311

Shareholders At The End Of The Whose Voting Rights have been Recovered at the 0

6

Reporting Period End of the Reporting Period

Shareholdings of the top 10 shareholders (excluding shares lent by refinancing)

Pledges markings or

Shareh Number of shares

Name of Nature of Number of shares freezing

olding held with limited

Shareholder Shareholder held State Of

(%) sales conditions Quantity

Shares

Domestic

123990000.0

Fu Liquan Natural 31.04% 1023868980.00 767901735.00 Pledged

0

Person

China Mobile State-owned

Communications Legal 8.88% 293103400.00 293103400.00 N/A

Group Co. Ltd. Person

Domestic

Zhu Jiangming Natural 4.64% 153140260.00 0.00 N/A

Person

Domestic

Chen Ailing Natural 2.16% 71262813.00 53447110.00 Pledged 31800000.00

Person

Domestic

Wu Jun 2.10% 69172886.00 51879664.00 N/A

Natural

4Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

Person

Hong Kong Overseas

Securities Legal 1.91% 62879632.00 0.00 N/A

Clearing Co. Ltd. Person

Domestic

China Securities Non-state-

1.20% 39611241.00 0.00 N/A

Finance Co. Ltd. owned Legal

Person

Industrial Bank

Co. Ltd. - Huaxia

CSI Robotic

Others 1.10% 36362975.00 0.00 N/A

Trading Open

Index Securities

Investment Fund

Industrial and

Commercial Bank

of China Limited -

Huatai-PineBridge

CSI 300 Others 0.98% 32436130.00 0.00 N/A

Exchange-traded

Open-end Index

Securities

Investment Fund

New China Life

Insurance

Company Limited

- dividend- Others 0.73% 24146636.00 0.00 N/A

personal dividend

- 018L-FH002

Shen

Shareholding of the top 10 unlimited sale condition shareholders (excluding shares lent through refinancing and lock-

up shares for senior management)

Number of shares held Type of shares

Name of Shareholder without limited sales

Type of shares Quantity

condition

Fu Liquan 255967245.00 RMB common stock 255967245.00

Zhu Jiangming 153140260.00 RMB common stock 153140260.00

Hong Kong Securities Clearing Co. Ltd. 62879632.00 RMB common stock 62879632.00

China Securities Finance Co. Ltd. 39611241.00 RMB common stock 39611241.00

Industrial Bank Co. Ltd. - Huaxia CSI

Robotic Trading Open Index Securities 36362975.00 RMB common stock 36362975.00

Investment Fund

Industrial and Commercial Bank of China

Limited - Huatai-PineBridge CSI 300

32436130.00 RMB common stock 32436130.00

Exchange-traded Open-end Index Securities

Investment Fund

New China Life Insurance Company Limited

- dividend- personal dividend - 018L-FH002 24146636.00 RMB common stock 24146636.00

Shen

New China Life Insurance Company Limited

- Traditional - general insurance - 018L- 23275148.00 RMB common stock 23275148.00

CT001 Shen

China Construction Bank Stock Corporation -

E Fund CSI 300 Exchange Traded Open-

22708343.00 RMB common stock 22708343.00

End Index-Initiated Securities Investment

Fund

5Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

FORESEA Life Insurance Company Limited -

20998299.00 RMB common stock 20998299.00

participating insurance

Among the top ten major shareholders Mr. Fu Liquan and Ms. Chen

Description of the association relationship or

Ailing are in a marital relationship. The Company is unaware of

concerted action of above-mentioned

whether there are any other associated relationships among other

shareholders

shareholders or whether they are persons acting in concert.Explanation On Top Ten Shareholders’

Participation In Securities Margin Trading (If None

Any)

Shareholders holding more than 5% of shares the top 10 shareholders and the top 10 shareholders without limited

outstanding 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 period

due to refinancing lending/returning

□ Applicable □Not applicable

(II) The total number of preferred stock shareholders and the shareholdings of the top 10

preferred 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 will

sell its 32.7321% equity (corresponding to a capital contribution of 25.5 million yuan) in Hangzhou Huacheng Network

Technology Co. Ltd. (hereinafter referred to as “Hangzhou Huacheng”) for a price of 716.8329 million yuan to

Shanghai 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 its

subsidiaries 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 share

incentive plan have been met. The exercise period is from July 11 2024 to July 10 2025. The exercise method is

voluntary exercise. For details please refer to the "Indicative Announcement on the Voluntary Exercise of the Second

Exercise Period of the 2022 Stock Option and Restricted Share Incentive Plan" disclosed by the company on Juchao

Information Network on July 10 2024. As of March 31 2025 6743201 stock options had been exercised in the

second exercise period of which 3447778 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

6Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

Unit: RMB

Item Closing Balance Opening Balance

Current Assets:

Cash and Bank Balances 9682056653.92 11181803423.83

Deposit Reservation for Balance

Loans to Banks and Other

Financial Institutions

Trading Financial Assets 109595426.08 229927529.28

Derivative Financial Assets

Notes receivable 703801706.36 777750260.09

Accounts receivable 15719131185.85 17046094518.79

Receivables Financing 931076720.36 841815267.43

Prepayments 321045168.28 310574867.09

Premium Receivable

Reinsurance Accounts Receivable

Reinsurance Contract Reserves

Receivable

Other Receivables 283864229.08 293728850.42

Including: interest receivable

Dividends Receivable

Buying Back the Sale of Financial

Assets

Inventory 5464797493.80 5203560771.25

Among them: Data resources

Contract Assets 84632591.84 87397517.09

Holding for-sale assets

Non-current Assets Due within 1

234682715.14237608641.30

Year

Other Current Assets 539338547.25 1035802016.58

Subtotal of Current Assets 34074022437.96 37246063663.15

Non-current Assets:

Granting of loans and advances

Investment in Creditor's Rights

Investment in Other Creditor's

Rights

Long-term Receivables 690968281.55 744412552.00

Long-term Equity Investment 720899271.47 722241568.57

Investment in Other Equity

Instruments

Other Non-current Financial Assets 1365761677.91 1274697490.87

Investment Property 136986412.73 139280586.26

Fixed Assets 5407540829.18 4973953628.05

Projects under Construction 827230565.31 1254554187.36

Productive Biological Assets

Oil and gas assets

Right-of-use assets 225305725.69 232124277.86

Intangible Assets 573662821.71 578035438.59

Among them: Data resources

Development Expenditure

Among them: Data resources

Goodwill 6615294.18 6615294.18

Long-term Deferred Expenses 93593677.90 99410405.42

Deferred Income Tax Assets 1194530316.40 1136746080.45

Other Non-Current assets 5180733026.84 4327776909.06

Subtotal of Non-current Assets 16423827900.87 15489848418.67

Total assets 50497850338.83 52735912081.82

7Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

Current Liabilities:

Short-term loan 400950000.00 995000000.00

Borrowings from the Central Bank

Borrowings from Banks and Other

Financial Institutions

Transactional financial liabilities 5134659.65 4268603.52

Derivative Financial Liabilities

Notes Payable 3170953725.18 3599974242.02

Accounts Payable 5090564861.50 5877976861.13

Received Prepayments

Contract liabilities 1214739811.16 1282204348.75

Financial Assets Sold for

Repurchase

Deposit Taking and Interbank

Deposit

Receiving from Vicariously Traded

Securities

Receiving from Vicariously Sold

Securities

Payroll payable 811959617.35 1811053208.92

Tax Payable 307131768.22 405860321.63

Other Payables 607814570.94 637013560.05

Including: interest payable

Dividends Payable 22951560.23 22951560.23

Service Charge and Commission

Payable

Reinsurance Accounts Payable

Holding for-sale liabilities

Non-current Liabilities Due within 1

108915767.86117227812.08

Year

Other Current Liabilities 143634405.64 160151530.23

Subtotal of Current Liabilities 11861799187.50 14890730488.33

Non-current Liabilities:

Insurance Contract Reserves

Long-term loan

Bonds Payable

Including: Preferred Stocks

Perpetual Bonds

Lease liabilities 116655471.79 114313807.41

Long-term Payables

Long-term payroll payable

Expected Liabilities 289509507.37 268194691.24

Deferred Income 182759273.01 186181012.99

Deferred Income Tax Liabilities 42279.42 19162.22

Other Non-current Liabilities 95621137.51 102264089.02

Subtotal of Non-current Liabilities 684587669.10 670972762.88

Total Liabilities 12546386856.60 15561703251.21

Shareholders' Equity:

Share Capital 3299077511.00 3295629733.00

Other Equity Instruments

Including: Preferred Stocks

Perpetual Bonds

Capital Reserves 7222898419.46 7156767235.86

Less: Treasury Share 564654524.63 564654524.63

Other Comprehensive Incomes 98002013.52 104358460.57

Special Reserves

Surplus Reserves 1647814866.50 1647814866.50

8Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

General Risk Reserves

Undistributed Profits 25041434688.77 24388130399.78

Total Shareholders' Equity

36744572974.6236028046171.08

Attributable to the Parent Company

Minority Shareholders' Equity 1206890507.61 1146162659.53

Total Shareholders' Equity 37951463482.23 37174208830.61

Total Liabilities and Shareholders'

50497850338.8352735912081.82

Equity

Legal representative: Fu Liquan Person in charge of accounting work: Xu Qiaofen

Person in charge of the accounting institution: Zhu Zhuling

2. Consolidated Income Statement

Unit: RMB

Amount Occurred in the Current Amount Occurred in the Previous

Item

Period Period

I. Total Operating Revenue 6256129778.73 6180916716.70

Including: Operating Revenue 6256129778.73 6180916716.70

Interest Income

Earned Premiums

Service Charge and

Commission Income

II. Total Operating Cost 5872689700.23 5849133041.74

Including: Operating Cost 3745786994.39 3613886420.31

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 48363656.56 44023549.81

Sales Expenses 1023965153.19 1070830380.15

Administration expenses 244984969.09 243515288.59

Research and development

969577439.22929481413.25

expense

Financial expenses -159988512.22 -52604010.37

Including: interest expenses 4825976.50 18148621.16

Interest Income 79046416.41 88636919.16

Add: Other income 243865531.80 324111658.25

Investment Income (Mark "-" for

107783303.13113539532.26

Loss)

Including: Investment

Income from Affiliates and Joint 401755.24 -61957.49

Ventures

Profits from

-251332.23-365236.35

recognition Termination of Financial

9Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

Assets at Amortized Cost

Exchange Gains (Mark "-" for

Losses)

Profit of Net Exposure Hedging

(Mark "-" for Loss)

Incomes from changes in fair

-6866151.69-100469929.89

value (losses marked with "-")

Credit Impairment Losses (Mark

-12404523.05-35543905.05

"-" for Loss)

Asset Impairment Losses (Mark

-18894150.29-20132322.78

"-" for Loss)

Asset Disposal Income (Mark "-"

1180275.35430249.61

for Loss)

III. Operating Profit (Mark "-" for Loss) 698104363.75 613718957.36

Add: Non-operating Revenues 1882660.02 3621238.09

Less: Non-operating Expenses 2824565.76 1516475.11

IV. Total Profit (Mark "-" for Total Loss) 697162458.01 615823720.34

Less: Income Tax Expense -9689528.57 29586521.43

V. Net Profit (Mark "-" for Net Loss) 706851986.58 586237198.91

(I) Classified by operation continuity

1. Net Profit as a Going Concern

706851986.58586237198.91

(Mark "-" for Net Loss)

2. Net Profit of Discontinued

Operation (Mark "-" for Net Loss)

(II) Classified by the attribution of

ownership

1. Net Profit Attributable to the

653304288.99561037985.01

Parent Company's Owner

2. Minority Shareholders' Profit and

53547697.5925199213.90

Loss

VI. Net Amount of Other

-6283686.51426836.91

Comprehensive Incomes after Tax

Net Amount of Other Comprehensive

Incomes after Tax Attributable to the -6356447.05 550900.38

Parent Company's Owner

(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

-6356447.05550900.38

that will be reclassified as P/L

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

10Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

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

-6356447.05550900.38

difference

7. Others

Net Amount of Other Comprehensive

Incomes After Tax Attributable to 72760.54 -124063.47

Minority Shareholders

VII. Total Comprehensive Income 700568300.07 586664035.82

Total Comprehensive Income

Attributable to the Parent Company's 646947841.94 561588885.39

Owner

Total Comprehensive Income

53620458.1325075150.43

Attributable to Minority Shareholders

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 Qiaofen

Person in charge of the accounting institution: Zhu Zhuling

3. Consolidated Cash Flow Statement

Unit: RMB

Amount Occurred in the Current Amount Occurred in the Previous

Item

Period Period

I. Cash Flow Generated by

Operational Activities:

Cash from Sales of Merchandise

8207170646.307750834268.99

and Provision of Services

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

11Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

Securities

Tax Refund 239962306.86 247299856.58

Other Received Cash Related to

338696763.38414580279.26

Operational Activities

Subtotal of cash inflow from

8785829716.548412714404.83

operational activities

Cash Paid for Merchandise and

5631796732.815402014357.32

Services

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 2747283980.03 2771134201.56

Cash Paid for Taxes and

483149237.581018493205.20

Surcharges

Other Paid Cash Related to

595295160.74527739001.41

Operational Activities

Subtotal of cash outflow from

9457525111.169719380765.49

operational activities

Net cash flow generated by operating

-671695394.62-1306666360.66

activities

II. Cash Flow from Investment

Activities:

Cash Arising from Disposal of

3830530852.47372086120.47

Investments

Cash Arising from Investment

8808463.0212071453.32

Incomes

Net Cash Arising from Disposal of

Fixed Assets Intangible Assets and 1074071.43 271780.50

Other Long-term Assets

Net Cash Arising from Disposal of

Subsidiaries and Other Business 11700743.16 73178296.48

Units

Other Received Cash Related to

3436392.974330029.58

Investment Activities

Subtotal of cash inflow from

3855550523.05461937680.35

investment activities

Cash Paid for Purchase and

Construction of Fixed Assets

197326893.16313115264.69

Intangible Assets and Other Long-

term Assets

Cash Paid for Investments 4003705846.64 23334630.75

Net Increase in Pledge Loans

Net Cash Paid for Acquisition of

Subsidiaries and Other Business

Units

12Zhejiang Dahua Technology Co. Ltd. 2025 First Quarter Report

Other Paid Cash Related to

2620385.00429000.00

Investment Activities

Subtotal of cash outflows from

4203653124.80336878895.44

investment activities

Net amount of cash flow generated

-348102601.75125058784.91

by investment activities

III. Cash Flow from Financing

Activities:

Cash Arising from Absorbing

53347469.26

Investments

Including: Cash Arising from

Subsidiaries Absorbing Investments

by Minority Shareholders

Cash Arising from Borrowings 300950000.00 606240500.00

Other Received Cash Related to

Financing Activities

Subtotal of cash inflow from financing

354297469.26606240500.00

activities

Cash Paid for Debts Repayment 895000000.00 1144326953.83

Cash Paid for Distribution of

Dividends and Profits or Payment of 1050738.89 14667873.22

Interests

Including: Dividends and Profits

Paid to Minority Shareholders by

Subsidiaries

Other Paid Cash Related to

40699168.6374980441.26

Financing Activities

Subtotal of cash outflow from

936749907.521233975268.31

financing activities

Net cash flow generated by financing

-582452438.26-627734768.31

activities

IV. Impact of Fluctuation in Exchange

40545841.7635256031.86

Rate on Cash and Cash Equivalents

V. Net Increase in Cash and Cash

-1561704592.87-1774086312.20

Equivalents

Add: Cash and Cash Equivalents

11061530816.2815895161431.24

at the Commencement of the Period

VI. Cash and Cash Equivalents at the

9499826223.4114121075119.04

End of the Period

(II) Adjustments to relevant items of financial statements as of the beginning of

the 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

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