Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

GUANGDONG DONGFANG PRECISION SCIENCE & TECHNOLOGY CO. LTD.THE REPORT FOR THE FIRST QUARTER OF 2025

The Company as well as all members of the Board of Directors hereby guarantee the

factuality accuracy and completeness 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 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 Company’s legal representative the Company’s 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 1st quarter of 2025 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.

1 / 13Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

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 2025 Q1 2024 Rate of Change

Operating revenue (RMB) 988738120.45 935144681.91 5.73%

Net profit attributable to the listed company’s

275689175.4844642460.24517.55%

shareholders (RMB yuan)

Net profit attributable to the listed company’s

shareholders before exceptional gains and 129885861.19 65730334.96 97.60%

losses (RMB yuan)

Net cash generated from/used in operating

148518430.295507844.282596.49%

activities (RMB yuan)

Basic earnings per share (RMB / share) 0.23 0.04 475.00%

Diluted earnings per share (RMB /share) 0.23 0.04 475.00%

Weighted average return on equity (ROE) 5.37% 0.99% 4.38%

Ending balance Beginning balance

Rate of Change

Of the Reporting Period Of the Reporting Period

Total assets (RMB) 8070805725.10 7528576996.98 7.20%

Equity attributable to the listed company’s

5298070650.514977379483.296.44%

shareholders (RMB)

2. Non-recurring profit and loss items and amount

√ Applicable □ Not applicable

Unit: RMB

Item Q1 2025 Notes

Gain or loss on disposal of non-current assets (inclusive of

19657.80

impairment allowance write-offs)

Government grants through profit or loss (exclusive of

government grants given in the Company’s ordinary course of

5002169.04

business at fixed quotas or amounts as per the government’s

uniform standards)

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 165598106.13

and other debt investments (exclusive of the effective portion of

hedges that arise in the Company’s ordinary course of business)

Non-Operating Revenue and expenses other than the above 89133.86

Less: Income tax effects 23749075.81

Non-controlling interests effects (net of tax) 1156676.73

2 / 13Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

Item Q1 2025 Notes

Total 145803314.29 --

Other items that meet the definition of non-recurring profit and loss:

□ Applicable √ Not applicable

No such cases for the Reporting Period.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 recurring 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

Ending balance Beginning balance

Amount of

Items Of the Reporting Of the Reporting Rate of Change Notes

Change

Period Period

Mainly due to the increase in

Contract Liabilities 516052381.32 373931068.16 142121313.16 38.01%

orders during the current period..

(2) Income statement items

Amount of

Items Q1 2025 Q1 2024 Rate of Change Notes

Change

Mainly due to the changes in exchange

Finance costs -8790772.71 2582632.05 -11373404.76 -440.38% rates during the current period.Mainly due to the changes in the

Investment income 156238584.58 -504442.04 156743026.62 31072.55% investment income recognized in the

current period.Mainly due to he fluctuations in the fair

Gain/loss on changes

8149864.99 -37534490.90 45684355.89 121.71% value of the held trading financial

in fair value

assets during the current period.

(3) Cash flow statement items

Amount of

Items Q1 2025 Q1 2024 Rate of Change Notes

Change

Mainly due to the increase in cash

Net cash generated inflows from operating activities and the

from/used in 148518430.29 5507844.28 143010586.01 94.73% decrease in cash outflows for the

operating activities payment of goods and services during

the current period..Net cash generated Mainly due to the increase in financial

from/used in -5759132.68 -212158182.37 206399049.69 -391.60% asset investments in the same period last

investing activities year.Net cash generated

Mainly due to the borrowing of short-

from/used in 52112168.90 -17095693.17 69207862.07 59.46%

term loans in the current period.financing activities

3 / 13Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

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 preference

Number of ordinary shareholders at shareholders with resumed

160630 Not applicable

the period-end voting rights at the period-end

(if any)

Top 10 shareholders (excluding lending of shares through the facility)

Name of Nature of Shareholding Total shares held Restricted shares Shares in pledge or frozen

shareholder shareholder percentage at the period-end held Status Shares

Domestic

Tang Zhuolin 21.26% 258837568 196068276 In pledge 90000000

individual

Domestic

Tang Zhuomian 7.96% 96885134 0 NA 0

individual

Beijing Puren

Pulead Technology Domestic non-

R & D Center state-owned 2.19% 26628340 0 NA 0

(Limited corporation

Partnership)

Domestic

Qiu Yezhi 1.92% 23382388 17536791 NA 0

individual

Guangdong

Dongfang Precision

Science &

Technology Co. Others 1.75% 21330000 0 NA 0

Ltd. - 2024

Employee Stock

Ownership Plan

Pulead Technology State-owned

1.52% 18471487 0 NA 0

Industry Co. Ltd. corporation

Luzhou Industrial

Development State-owned

1.40% 17104310 0 NA 0

Investment Group corporation

Co. Ltd.Hong Kong

Oversea legal

Securities Clearing 0.69% 8398948 0 NA 0

Entity

Company Limited

Domestic

Zhang Jian 0.25% 3060400 0 NA 0

individual

Domestic

Zheng Zhiqing 0.22% 2734700 0 NA 0

individual

Top 10 unrestricted ordinary shareholders

Shares by type

Name of shareholder Unrestricted shares held at the period-end

Type Shares

RMB ordinary

Tang Zhuomian 96885134 96885134

shares

RMB ordinary

Tang Zhuolin 62769292 62769292

shares

Beijing Puren Pulead Technology R RMB ordinary

2662834026628340

& D Center (Limited Partnership) shares

Guangdong Dongfang Precision RMB ordinary

2133000021330000

Science & Technology Co. Ltd. - shares

4 / 13Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

2024 Employee Stock Ownership

Plan

Pulead Technology Industry Co. RMB ordinary

1847148718471487

Ltd. shares

Luzhou Industrial Development RMB ordinary

1710431017104310

Investment Group Co. Ltd. shares

Hong Kong Securities Clearing RMB ordinary

83989488398948

Company Limited shares

RMB ordinary

Qiu Yezhi 5845597 5845597

shares

RMB ordinary

Zhang Jian 3060400 3060400

shares

RMB ordinary

Zheng Zhiqing 2734700 2734700

shares

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 Beijing Puren

Related or acting-in-concert parties

Pulead Technology R & D Center (Limited Partnership) are acting-in-concert parties.among the shareholders above

Apart from that the Company is not aware of any related or acting-in-concert parties among

the other shareholders above.As of 31 March 2025 Beijing Puren Pulead Technology R & D Center (Limited Partnership)

Description of the participation of held 26628340 shares through a client credit transaction guarantee securities account with

the top 10 common shareholders in China Securities Co. Ltd.; Luzhou Industrial Development Investment Group Co. Ltd. held

the financing and securities 17104310 shares through a client credit transaction guarantee securities account with Guotai

financing business (if any) Junan Securities Co. Ltd.; Zheng Zhiqing held 1558300 shares through a client credit

transaction guarantee securities account with Orient Securities Co. Ltd.Shareholders holding more than 5% of shares top 10 shareholders and top 10 shareholders with unlimited shares in circulation involved

in refinancing shares lending

□ Applicable √ Not applicable

The change of the top 10 shareholders and top 10 shareholders with unlimited shares from the previous period due to involved in

refinancing shares lending

□ Applicable √ Not applicable

2. Total Number of Preference Shareholders and Information of Top 10 Preference Shareholders

□ Applicable √ Not applicable

III Other Significant Events

□Applicable √ Not applicable

IV Quarterly Financial Statements

1. Financial Statements

(1) Consolidated Balance Sheet

Prepared by: Guangdong Dongfang Precision Science & Technology Co. Ltd.

31 March 2025

Unit: RMB

5 / 13Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

Item 31 March 2025 1 January 2025

Current assets:

Cash and bank balances 1989738118.29 1729050383.34

Settlement provisions

Dismantling funds

Financial assets held for trading 722914167.61 788649332.18

Derivative financial assets 3133994.59 2755081.17

Notes receivable 101426024.96 98048145.31

Accounts receivable 773058759.58 745862825.71

Receivable financing 21515959.52 16303982.64

Prepayments 53583704.68 28226195.35

Premium receivable

Receivable reinsurance account

Provision for reinsurance contract

receivable

Other receivables 69452943.79 40647410.48

Including: Interest receivable

Dividend receivable

Buy back resale financial assets

Inventories 1130474271.43 1031899593.02

Including: Data Resource

Contract assets 61782059.21 52151171.92

Assets held for sale

Current portion of non-current

7772450.588035336.42

assets

Other current assets 94420735.77 60543096.49

Total current assets 5029273190.01 4602172554.03

Non-current assets:

Loans and advances

Debt investment

Other debt investments

Long-term receivables 2203749.77 4047852.80

Long-term equity investment 112320062.96 113469148.58

Investment in other equity

instruments

Other non-current financial assets 642270234.28 539449588.63

Real estate investment

Fixed assets 677732011.14 681980621.79

Construction in progress 443909355.45 404826595.02

Productive biological assets

Oil and gas asset

Right-of-use assets 59051905.45 64147198.31

6 / 13Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

Item 31 March 2025 1 January 2025

Intangible assets 357479634.11 356564206.44

Including: Data Resource

Development expenditure

Including: Data Resource

Goodwill 431013695.25 424989302.93

Long-term prepaid expenses 23758899.57 21718570.19

Deferred tax assets 195684716.77 222186749.21

Other non-current assets 96108270.34 93024609.05

Total non-current assets 3041532535.09 2926404442.95

Total assets 8070805725.10 7528576996.98

Current liabilities:

Short-term borrowings 122406961.07 85390128.99

Borrowing from the Central Bank

Borrowed funds

Financial liabilities held for trading

Derivative financial liabilities 208574122.05 206216239.00

Notes payable 184439186.33 144137609.00

Accounts payable 631368420.15 687235330.65

Advance receivables

Contract liabilities 516052381.32 373931068.16

Selling back financial assets

Deposits and Interbank deposit

Agent trading securities

Agent underwriting securities

Employee benefits payable 158122527.70 139543012.38

Tax payable 97375659.49 69194598.03

Other payables 156395772.57 117617259.50

Including: Interest payable

Dividend payable 48185463.84

Fees and commissions

Reinsurance accounts payable

Liabilities held for sale

Current portion of non-current

83876916.9381630784.65

liabilities

Other current liabilities 58770488.72 41832335.71

Total current liabilities 2217382436.33 1946728366.07

Non-current liabilities:

Insurance contract reserve

Long-term borrowings 132489616.43 125482485.31

Bonds payable

Including: Preference Shares

7 / 13Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

Item 31 March 2025 1 January 2025

Perpetual bonds

Lease liabilities 42234470.89 47666801.96

Long-term payables

Long-term employee benefits

13037578.4013128052.34

payable

Provisions 144078784.66 146820629.26

Deferred income 14361166.66 14790331.66

Deferred tax liabilities 2657516.51 2042929.48

Other non-current liabilities 6253312.55 7573539.20

Total non-current liabilities 355112446.10 357504769.21

Total Liabilities 2572494882.43 2304233135.28

Equity:

Share capital 1217766340.00 1219046340.00

Other equity instruments

Including: Preference Shares

Perpetual bonds

Capital surplus 2826845014.00 2818982096.52

Less: Treasury stock 115953041.40 117233041.40

Other comprehensive income 66129088.35 29809317.74

Special reserve 18925690.40 18106386.75

Surplus reserves 51830974.45 51830974.45

General risk preparation

Retained earnings 1232526584.71 956837409.23

Total equity attributable to owners of the

5298070650.514977379483.29

parent

Non-controlling interests 200240192.16 246964378.41

Total equity 5498310842.67 5224343861.70

Total liabilities and equity 8070805725.10 7528576996.98

(2) Consolidated Income Statement for Q1 2025

Unit: RMB

Item Q1 2025 Q1 2024

1 Total operating revenue 988738120.45 935144681.91

Including: Operating revenue 988738120.45 935144681.91

Interest income

Premiums earned

Fee and commission income

2 Total operating cost 845161733.31 817543084.75

Including: Cost of sales 694025817.13 666795183.28

Interest expense

8 / 13Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

Item Q1 2025 Q1 2024

Payment of fees and commission

Surrender fund

Net indemnity expenditure

Draw the net reserve of insurance

liability contract

Policy dividend expense

Reinsurance cost

Taxes and surcharges 7283031.77 5584907.99

Selling expenses 36538032.20 39308793.99

Administrative expenses 90355370.69 78363881.23

R&D expenses 25750254.23 24907686.21

Finance costs -8790772.71 2582632.05

Including: Interest expenses 2384540.57 5933750.14

Interest income 13022065.59 11007419.51

Add: Other income 5002169.04 7668092.27

Investment income (loss with "-" sign) 156238584.58 -504442.04

Including: Share of profit or loss of joint

-1209656.56-1290350.80

ventures and associates

Income from derecognition of

financial assets measured at amortized cost (loss with

"-" sign)

Exchange gain (loss with "-" sign)

Net exposure hedging gain (loss with "-"

sign)

Gain/loss on changes in fair value (loss with

8149864.99-37534490.90

"-" sign)

Credit impairment loss (loss is listed with "-

-1356638.20355146.36

" sign)

Asset impairment loss (loss with "-" sign) -1409458.05 -1819655.67

Gain/loss on disposal of assets (loss with "-"

19657.805324883.80

sign)

3 Operating profit (losses are listed with "-" sign) 310220567.30 91091130.98

Add: Non-operating income 963116.28 356823.15

Less: Non-operating expenses 873982.42 335559.06

5 Gross profit (the gross loss shall be filled in with the

310309701.1691112395.07

sign "-")

Less: Income tax expenses 29124272.55 37483680.56

Net profit (net loss is listed with "-" sign) 281185428.61 53628714.51

(1) Net profit from continuing operations

i. Net profit from continuing operations (net loss

281185428.6153628714.51

with "-" sign)

ii. Net profit from termination of operation (net

9 / 13Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

Item Q1 2025 Q1 2024

loss with "-" sign)

(2) Net profit classified by attribution of

ownership

i. Net profit attributable to owners of the parent 275689175.48 44642460.24

ii. Net profit attributable to non-controlling

5496253.138986254.27

interests

6 Other comprehensive income/(loss) net of tax 36267283.59 -25242978.66

Other comprehensive income/(loss) attributable

36319770.61-25443131.56

to owners of the parent net of tax

(1) Other comprehensive loss that will not be

58181.5321563.68

reclassified to profit or loss

i. Changes caused by remeasurements

58181.5321563.68

on defined benefit schemes

ii. Other comprehensive income that

cannot be transferred to profit or loss under the equity

method

iii. Changes in fair value of investments

in other equity instruments

iv. Fair value change of enterprise's

own credit risk

v. Other

(2) Other comprehensive income/(loss) that

36261589.08-25464695.24

will be reclassified to profit or loss

i. Other comprehensive income that can

be transferred to profit or loss under the equity method

ii. Changes in fair value of other debt

investments

iii. The amount of financial assets

reclassified to other comprehensive income

iv. Provision for credit impairment of

other debt investments

v. Cash flow hedging reserve

vi. Differences arising from the

translation of foreign currency-denominated financial 36261589.08 -25464695.24

statements

vii. Other

Other comprehensive income attributable to non-

-52487.02200152.90

controlling interests net of tax

Total comprehensive income 317452712.20 28385735.85

Total comprehensive income attributable to

312008946.0919199328.68

owners of the parent

Total comprehensive income attributable to non- 5443766.11 9186407.17

10 / 13Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

Item Q1 2025 Q1 2024

controlling interests

Earnings per share:

(1) Basic earnings per share 0.23 0.04

(2) Diluted earnings per share 0.23 0.04

Legal representative: Tang Zhuolin Chief Financial Officer: Shao Yongfeng Person-in-charge of the accounting organ: Chen Lin

(3) Consolidated Statement of Cash Flows for Q1 2025

Unit: RMB

Item Q1 2025 Q1 2024

1 Cash flows from operating activities:

Proceeds from sale of goods and rendering of

1077391213.681011520560.90

services

Net increase in customer deposits and interbank

deposits

Net increase in borrowing from the central bank

Net increase in funds transferred to other

financial institutions

Cash received from the premium of the original

insurance contract

Net cash received from reinsurance business

Net increase in depositors' deposits and

investment funds

Cash that collects interest commission and

commission

Net increase in borrowed funds

Net increase in funds for repurchase business

Net cash received by agents buying and selling

securities

Receipts of taxes and surcharges refunds 17248973.35 20587758.45

Cash generated from other operating activities 15038127.71 21323580.82

Subtotal of cash inflows from operating activities 1109678314.74 1053431900.17

Payments for goods and services 650600017.59 730066826.08

Net increase in customer loans and advances

Net increase in central bank and interbank

deposits

Cash to pay the indemnity of the original

insurance contract

Net increase in loan funds

Cash for the payment of interest fees and

commissions

Cash for the payment of policy dividends

Cash payments to and on behalf of employees 203809035.01 193733692.78

Payments of all types of taxes and surcharges 33508884.69 50408943.93

Cash used in other operating activities 73241947.16 73714593.10

Subtotal of cash outflows from operating activities 961159884.45 1047924055.89

11 / 13Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

Item Q1 2025 Q1 2024

Net cash generated from/used in operating activities 148518430.29 5507844.28

2 Cash flows from investing activities:

Proceeds from disinvestment 728229242.84 297918472.87

Investment income 174913220.25 975347.94

Net proceeds from the disposal of fixed assets

222035.4359124.25

intangible assets and other long-lived assets

Disposal of net cash received by subsidiaries and

other business units

Cash generated from other investing activities 16841363.33

Subtotal of cash inflows from investing activities 920205861.85 298952945.06

Payments for the acquisition of fixed assets

61018481.4871344069.19

intangible assets and other long-lived assets

Payments for investments 781106222.94 439767058.24

Net increase in pledged loans

Obtain net cash paid by subsidiaries and other

business units

Cash used in other investing activities 83840290.11

Subtotal of cash outflows in investing activities 925964994.53 511111127.43

Net cash generated from/used in investing activities -5759132.68 -212158182.37

3 Cash flows from financing activities:

Absorb the cash received by the investment

Including: the subsidiary absorbs the cash

received from the investment of minority

shareholders

Borrowings raised 68470725.13 59976725.96

Cash generated from other financing activities 29576160.22 16795059.16

Subtotal of cash inflows from financing activities 98046885.35 76771785.12

Repayment of borrowings 16289431.46 57863564.59

Interest and dividends paid 6143003.88 4485776.92

Including: Interest and dividends paid to

minority shareholders

Cash used in other financing activities 23502281.11 31518136.78

Subtotal of cash outflows from financing activities 45934716.45 93867478.29

Net cash generated from/used in financing activities 52112168.90 -17095693.17

4 Effect of foreign exchange rates changes on cash

9043671.15-20108408.67

and cash equivalents

5 Net (decrease)/increase in cash and cash equivalents 203915137.66 -243854439.93

Add: Cash and cash equivalents beginning of

1652290548.551672514611.84

the period

6 Cash and cash equivalents end of the period 1856205686.21 1428660171.91

2. Adjustments to financial statements at the beginning of the year of first implementation of new accounting

standards for the first time from 2025 onwards

□Applicable √ Not applicable

12 / 13Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2025

3. Audit Report

Whether the Report has been audited

□ Yes √ No

The report for the 1st quarter of 2025 of the Company has not been audited.Board of Directors

of

Guangdong Dongfang Precision Science & Technology Co. Ltd.

25 April 2025