南玻B:2023年一季度报告（英文版）

CSG HOLDING CO. LTD.THE First QUARTER REPORT 2023

Chairman of the Board:

CHEN LIN

April 2023CSG HOLDING CO. LTD. The First Quarter Report 2023

Stock Code: 000012/200012 Short Form of Stock: Southern Glass A/B Notice No.:2023-020

CSG Holding Co. Ltd.The First Quarter Report 2023

The Company and all the members of the Board of Directors confirm that the information

disclosed is authentic accurate and complete and there are no any fictitious statements

misleading statements or significant omissions carried in this report.Important Notice:

1. Board of Directors and the Supervisory Committee and its directors supervisors and senior

executives hereby confirm that the Quarter Report is authentic accurate and complete and there

are no any fictitious statements misleading statements or significant omissions carried in this

report and shall take individual and joint legal responsibilities.

2. Head of the Company responsible person in charge of accounting and principal of the financial

department (accounting officer) confirm that the financial information in this Quarter Report is

authentic accurate and complete.

3. Whether the First Quarter Report has been audited or not

□ Yes √ No

This report is prepared both in Chinese and English. Should there be any inconsistency between

the Chinese and English versions the Chinese version shall prevail.I. Main financial data

（I）Major accounting data and financial indicators

Whether it has retroactive adjustment or re-statement on previous accounting data

□Yes √No

The same period of the Year-on-year

The report period

previous year increase/decrease

Operating income (RMB) 4070673784 2785709687 46.13%

Net profit attributable to shareholders of the

3964060873836828313.32%

listed company (RMB)

Net profit attributable to shareholders of the

listed company after deducting non-recurring 369241752 336240261 9.81%

gains and losses (RMB)

Net cash flow arising from operating activities

-284407179102057062-378.67%

(RMB)

1CSG HOLDING CO. LTD. The First Quarter Report 2023

Basic earnings per share (RMB/Share) 0.13 0.12 8.33%

Diluted earnings per share (RMB/Share) 0.13 0.12 8.33%

Weighted average ROE (%) 3.04% 3.30% -0.26%

Increase/decrease

at the end of the

End of the report period End of the previous year report period over

the end of the

previous year

Total assets (RMB) 25637078162 25904013306 -1.03%

Net assets attributable to shareholders of the

13249455886128548837063.07%

listed company (RMB)

(II) Item and amount of non-recurring gains and losses

√Applicable □ Not applicable

Unit: RMB

Amount in the report

Item Note

period

Gains/losses from the disposal of non-current asset (including the write-off that

164780

accrued for impairment of assets)

Governmental subsidy reckoned into current gains/losses (not including the subsidy

enjoyed in quota or ration according to national standards which are closely relevant 23460674

to enterprise’s business)

In addition to the effective hedging business related to the normal business of the

company the profit and loss from changes in fair value arising from holding trading

financial assets and trading financial liabilities as well as the investment income 756383

obtained from the disposal of trading financial assets trading financial liabilities and

available for sale financial assets

Reversal of provision for impairment of receivables that have been individually tested

680240

for impairment

Other non-operating income and expenditure except for the aforementioned items 7104485

Less: Impact on income tax 4724159

Impact on minority shareholders’ equity (post-tax) 278068

Total 27164335

Particulars about other gains and losses that meet the definition of non-recurring gains and losses:

□ Applicable √ Not applicable

It did not exist that other profit and loss items met the definition of non-recurring gains and losses.Explanation of the non-recurring gains and losses listed in the Explanatory Announcement No.1 on Information Disclosure for

Companies Offering their Securities to the Public - Non-recurring Gains and Losses as recurring gains and losses

□ Applicable √ Not applicable

It did not exist that non-recurring profit and loss items listed in the "Explanatory Announcement No. 1 on Information Disclosure

of Companies Offering Securities to the Public - Non-recurring Profit and Loss" were defined as recurring profit and loss items in

the report period.

2CSG HOLDING CO. LTD. The First Quarter Report 2023

(III) Statement of change in the major accounting data and financial indicators and the

causes

√Applicable □ Not applicable

Unit: RMB

Percentage

Item of the Balance Sheet Note March 31 2023 December 31 2022

of change

Monetary funds (1) 2214555137 4604607779 -52%

Notes receivable (2) 541411494 156943437 245%

Accounts receivable (3) 1696421712 1179992784 44%

Non-current assets due within

(4)4000000020000000100%

one year

Other current assets (5) 188123840 108248545 74%

Construction In Progress (6) 1656976274 2520362291 -34%

Long-term Deferred Expense (7) 5860172 2647939 121%

Other non-current assets (8) 1391600313 856620485 62%

Short-term borrowings (9) 475796035 345000000 38%

Employee benefits payable (10) 252299141 473616428 -47%

Non-current liabilities due

(11)6216831332481433006-75%

within one year

Special reserve (12) 2123340 731580 190%

Amount incurred in the report Amount incurred in the Percentage

Item of Income Statement Note

period previous period of change

Business income (13) 4070673784 2785709687 46%

Business cost (14) 3165542052 1996135271 59%

Research and development

(15)16127446911166159744%

expenses

Other income (16) 24951873 48350708 -48%

Investment income (17) 756383 8493186 -91%

Credit impairment loss (18) -9860184 -4406594 124%

Asset impairment loss (19) 1456 -100%

Income on disposal assets (20) 164780 3067343 -95%

non-operating income (21) 7959666 1658098 380%

non-operating expenses (22) 378246 2619997 -86%

Minor shareholders’ equity (23) -3946731 3976590 -199%

Net after-tax amount of other

(24)-3225667-539838498%

comprehensive income

Notes:

1.The decrease in monetary funds was mainly due to the redemption of matured corporate bonds;

2. The increase in notes receivable was mainly due to an increase in pledged invoicing of notes receivable;

3. The increase in accounts receivable was mainly due to the increase in sales revenue of photovoltaic glass;

4. The increase in non-current assets due within one year was due to the fact that some large certificates of deposit would

expire within one year;

5. The increase of other current assets was mainly due to the increase of input tax to be deducted by some subsidiaries;

6. The decrease in construction in progress was mainly due to the transfer of completed projects under construction to fixed

assets of some subsidiaries;

7. The increase in long-term deferred expenses was mainly due to an increase in amortization items;

3CSG HOLDING CO. LTD. The First Quarter Report 2023

8. The increase of other non-current assets was mainly caused by the increase of advance payment for engineering equipment

of subsidiaries;

9. The increase in short-term borrowings was mainly caused by the increase in borrowings of subsidiaries;

10. The decrease in employee compensation payable was mainly due to the payment of year-end bonuses for employees

accrued in the previous year during the report period;

11. The decrease in non-current liabilities due within one year was mainly due to the redemption of matured corporate bonds;

12. The increase in special reserves was mainly due to the provision of special reserves;

13. The increase in operating income was mainly due to the increase in silicon materials and photovoltaic glass business;

14. The increase in operating costs was mainly due to the increase in silicon materials and photovoltaic glass business;

15. The increase in research and development expenses was mainly due to the increase in research and development;

16. The decrease in other income was mainly due to the decrease in amortization of deferred income of subsidiaries;

17. The decrease in investment returns was mainly due to a decrease in structural deposit returns;

18. The increase in credit impairment losses was mainly due to an increase in accounts receivable for photovoltaic glass;

19. The change in asset impairment loss was mainly due to the fact that it did not occur in the current period and the amount

of the previous period was relatively small;

20. The decrease in asset disposal income was mainly due to the relatively small amount of asset disposal in the current

period;

21. The increase in non-operating income was mainly due to an increase in insurance claims and payments that cannot be paid;

22. The decrease in non-operating expenses was mainly due to compensation expenses and other decreases;

23. The decrease in minority shareholder gains and losses was mainly due to a decrease in net profit of non wholly-owned

subsidiaries;

24. The increase in the net amount of other comprehensive income after tax was mainly due to changes in the translation

differences in foreign currency statements.II. Information of shareholders

(I) The total number of common shareholders and the number of preference shareholders with voting

rights recovered as well as the top ten shareholders

Unit: Share

Total common shareholders at the end of The total number of preference shareholders with voting

1646530

the report period rights recovered at end of report period (if applicable)

Particulars about the shares held by the top ten shareholders

Amount Number of share

Proportion of pledged marked or

Nature of Amount of

Name of shareholder of shares restricted frozen

shareholder shares held

held shares Share

held Amount status

Domestic non state-

Foresea Life Insurance Co. Ltd. – HailiNiannian 15.19% 466386874

owned legal person

Foresea Life Insurance Co. Ltd. – Universal Domestic non state-

3.86%118425007

Insurance Products owned legal person

Domestic non state-

Foresea Life Insurance Co. Ltd. – Own Fund 2.11% 64765161

owned legal person

China Galaxy International Securities (Hong

Foreign legal person 1.34% 41034578

Kong) Co. Limited

China Merchants Securities (Hong Kong) Foreign legal person 1.12% 34378997

4CSG HOLDING CO. LTD. The First Quarter Report 2023

Limited

China Life Insurance Co. Ltd. - Traditional -

Other 0.96% 29385159

General Insurance Products - 005l-ct001 Shen

Hong Kong Securities Clearing Co. Ltd. Foreign legal person 0.81% 24797228

VANGUARD EMERGING MARKETS STOCK

Foreign legal person 0.64% 19595573

INDEX FUND

Pledged 18980000

Domestic non state-

Zhongshan Runtian Investment Co. Ltd. 0.62% 18983447 Marked 18980000

owned legal person

Frozen 3447

VANGUARD TOTAL INTERNATIONAL

Foreign legal person 0.57% 17537213

STOCK INDEX FUND

Particulars about the top ten shareholders with unrestricted shares held

Amount of Type of shares

Name of shareholder unrestricted

shares held Type Amount

Foresea Life Insurance Co. Ltd. – HailiNiannian 466386874 RMB ordinary shares 466386874

Foresea Life Insurance Co. Ltd. – Universal Insurance Products 118425007 RMB ordinary shares 118425007

Foresea Life Insurance Co. Ltd. – Own Fund 64765161 RMB ordinary shares 64765161

China Galaxy International Securities (Hong Kong) Co. Limited 41034578 Domestically listed foreign shares 41034578

China Merchants Securities (Hong Kong) Limited 34378997 Domestically listed foreign shares 34378997

China Life Insurance Co. Ltd. - Traditional - General Insurance

29385159 RMB ordinary shares 29385159

Products - 005l-ct001 Shen

Hong Kong Securities Clearing Co. Ltd. 24797228 RMB ordinary shares 24797228

VANGUARD EMERGING MARKETS STOCK INDEX FUND 19595573 Domestically listed foreign shares 19595573

Zhongshan Runtian Investment Co. Ltd. 18983447 RMB ordinary shares 18983447

VANGUARD TOTAL INTERNATIONAL STOCK INDEX

17537213 Domestically listed foreign shares 17537213

FUND

As of the end of the report period among shareholders as listed above

Foresea Life Insurance Co. Ltd.-HailiNiannian Foresea Life Insurance

Co. Ltd.-Universal Insurance Products Foresea Life Insurance Co. Ltd.-

Own Fund are all held by Foresea Life Insurance Co. Ltd. Shenzhen

Statement on associated relationship or consistent action

Jushenghua Co. Ltd. which holds 51% equity of Foresea Life Insurance

among the above shareholders:

Co. Ltd. holds 100% equity of Zhongshan Runtian Investment Co.Ltd

and Chengtai Group Co. Ltd. through Shenzhen Hualitong Investment Co.Ltd. Chengtai Group Co. Ltd. holds 40187904 shares through China

Galaxy International Securities (Hong Kong) Co. Limited.Explanation on the top ten shareholders which involving

N/A

margin business (if applicable)

5CSG HOLDING CO. LTD. The First Quarter Report 2023

Special note: On July 11 2022 at the Company's Second Extraordinary General Meeting in 2022 Foresea Life Insurance Co. Ltd.voted in favor of all proposals and Zhongshan Runtian Investment Co. Ltd. voted against all proposals Chengtai Group Co. Ltd.voted against all the proposals with the shares held by China Galaxy International Securities (Hong Kong) Co. Limited; on August

3 2022 at the Company's Third Extraordinary General Meeting in 2022 Foresea Life Insurance Co. Ltd. voted in favor of all

proposals and Zhongshan Runtian Investment Co. Ltd. voted against all proposals.(II) The total number of preference shareholders of the company and particulars about the top ten

preference shareholders

□ Applicable √ Not applicable

III. Statement on other important matters

√Applicable □ Not applicable

1 .Public issuance of corporate bondsOn March 2 2017 the 2nd Extraordinary General Meeting of Shareholders in 2017 reviewed and approved “the Proposal on thePublic Issuance of Corporate Bonds for Qualified Investors". On February 27 2019 the First Extraordinary General Meeting ofShareholders in 2019 The “Proposal on Extending the Validity Period of the Shareholders' Meeting for the Public Offering ofCorporate Bonds to Qualified Investors” agreed to issue corporate bonds with a total issue of no more than RMB 2 billion and aterm of no more than 10 years. On June 26 2019 the Company received the “Approval of Approving CSG Holding Co. Ltd. toIssue Corporate Bonds to Qualified Investors” issued by China Securities Regulatory Commission (ZJXK [2019] No. 1140). On

March 24 2020 and March 25 2020 the Company issued the first batch of corporate bonds with total amount of RMB 2 billion

and valid term of 3 years at the issuance rate of 6% and completed the redemption and delisting on March 27 2023 (the original

redemption date for this bond was March 25 2023 but due to a statutory rest day it was postponed to the first trading day

thereafter).

2. Guarantee situation

The 2021 Annual General Meeting of the Company reviewed and passed the Proposal for the 2022 Guarantee Plan and agreed to

provide a total amount of not exceeding RMB16268 million (including the effective and unexpired amount) for the 2022 credit

line from financial institutions to subsidiaries at all levels within the scope of consolidated statements (hereinafter referred to as

“all subsidiaries”). Among them the total amount of guarantee for all subsidiaries with an asset-liability ratio below 70% shall not

exceed the equivalent amount of RMB15018 million (including the effective and unexpired amount) and the total amount of

guarantee for all subsidiaries with an asset-liability ratio of 70% or above shall not exceed the equivalent amount of RMB1250

million (including the effective and unexpired amount).The Company’s external guarantees are all provided for subsidiaries within

the scope of consolidated statement. As of March 31 2023 the actual guarantee balance incurred was RMB 4674.94 million

(including RMB 291.24 million for companies with an asset liability ratio of 70% or above) accounting for 36.37% of the net

assets attributable to the parent company at the end of 2022 of RMB 12854.88 million and 18.05% of the total assets of RMB

2590.41 million. The company has no overdue guarantees.

The Company’s 2021 Annual General Meeting reviewed and passed the Proposal on the Development of Asset Pool Business in

2022. In order to achieve the overall management of the Company’s assets such as bills and letters of credit the General Meeting

of Shareholders approved the Company and its subsidiaries to conduct asset pool business of no more than RMB800 million.

6CSG HOLDING CO. LTD. The First Quarter Report 2023

Under the premise of controllable risks various guarantee methods such as maximum pledge general pledge deposit certificate

pledge bill pledge and margin pledge can be adopted for business development. As of March 31 2023 the actual pledged

amount of asset pool business was 542.2131 million yuan and the financing balance was 542.0604 million yuan.

3. Public issuance of A-share convertible corporate bonds

On July 11 2022 the Company's 2nd Extraordinary General Meeting of Shareholders in 2022 reviewed and approved relevant

proposals on the Company's public issuance of A-share convertible corporate bonds and agreed to issue A-share convertible

corporate bonds. The total amount of funds raised would not exceed RMB 2800000000 (including RMB 2800000000) with a

term of 6 years from the date of issuance.

4. Passive reduction of Southern Glass A shares held by Zhongshan Runtian Investment Co. Ltd.

On July 12 2022 the Company received the "Notice Letter" from Chongqing Xinyu Financial Leasing Co. Ltd. (hereinafter referred

to as "Chongqing Xinyu"). According to the "Notice Letter" the Shenzhen Intermediate Court ruled to sell 67.65 million "Southern

Glass A" shares (stock code: 000012) held by Zhongshan Runtian Investment Co. Ltd. (hereinafter referred to as "Zhongshan

Runtian"). On July 27 and July 28 2022 Chongqing Xinyu forcibly sold 36.5289 million shares of Southern Glass A held by

Zhongshan Runtian through Block trade accounting for 1.19% of the Company's total share capital. On December 8 2022 the

Company received a letter from shareholder Zhongshan Runtian regarding the reduction of shares. It was learned that Zhongshan

Runtian's "Southern Glass A" shares had accumulated a reduction of 31.1211 million shares from July 29 2022 to December 7 2022

accounting for 1.01% of the Company's total share capital. After the passive reduction of the aforementioned shares the number of

shares held by Zhongshan Runtian decreased from 86633447 shares to 18983447 shares and the shareholding ratio decreased

from 2.82% to 0.62%.

5. Lawsuits

(1) Regarding the special fund of RMB 171 million for talent introduction the Company filed an infringement compensation lawsuit

against Zeng Nan and others and Yichang Hongtai Real Estate Co. Ltd. on December 15 2021 and Shenzhen Intermediate People's

Court officially accepted it on January 28 2022. The first trial of the case was completed in Shenzhen Intermediate People's Court on

June 21 2022 and is currently awaiting judgment.

(2) In September 2022 the Company received a civil lawsuit from the Nanshan District People's Court in Shenzhen. Zhongshan

Runtian Investment Co. Ltd. filed a lawsuit with the court regarding the dispute over the effectiveness of the resolution of the

Company's Second Extraordinary Shareholders' Meeting in 2022. For specific details please refer to the "Announcement on Lawsuit

Involved by the Company" (Announcement No. 2022-056) disclosed by the Company on CNINFO. The first trial of the case was

held on February 10 2023 in the Nanshan District Court of Shenzhen and is awaiting judgment.

6. Shenzhen Guanlong Logistics Co. Ltd.'s increases its shareholding in Southern Glass A

The Company received a notification letter from Shenzhen Guanlong Logistics Co. Ltd. (hereinafter referred to as "Guanlong

Logistics") from March 19 2023 to March 21 2023. It was learned that on March 17 2023 Guanlong Logistics increased its

holdings of 160000 shares of the Company through centralized bidding through the securities trading system of Shenzhen Stock

Exchange accounting for 0.0052% of the total share capital of the Company. At the same time Guanlong Logistics plans to

increase its holdings of the Company's unrestricted A-shares within six months after three trading days from the disclosure date of

the increase plan by means of centralized bidding or block trade through the trading system of Shenzhen Stock Exchange with the

proportion of increase not less than 5% of the Company's total capital stock and not more than 6.26% of the Company's total

capital stock. On the evening of March 22 2023 the Company disclosed the "Announcement on Shareholders' Increase of

Company Shares and Subsequent Increase Plan" (Announcement No. 2023-006).

7CSG HOLDING CO. LTD. The First Quarter Report 2023

IV. Quarterly financial statements

(I) Financial statements

1. Consolidated Balance Sheet

Prepared by CSG Holding Co. Ltd.March 31 2023

Unit: RMB

Item Ending balance Opening balance

Current asset:

Monetary Fund 2214555137 4604607779

Notes receivable 541411494 156943437

Accounts receivable 1696421712 1179992784

Receivables financing 916276417 1095412643

Prepayments 210842851 183629823

Other receivables 186479334 193847322

Inventories 2042154149 1783941982

Non-current assets due within one year 40000000 20000000

Other current assets 188123840 108248545

Total current assets 8036264934 9326624315

Non-current assets:

Investment real estate 290368105 290368105

Fixed assets 12548990547 11243236175

Construction in progress 1656976274 2520362291

Right-of-use asset 9748177 9908413

Intangible assets 1475500214 1438102666

Development expenditure 51791445 46755816

Goodwill 8593352 7897352

Long-term prepaid expenses 5860172 2647939

Deferred tax assets 161384629 161489749

Other non-current assets 1391600313 856620485

Total non-current assets 17600813228 16577388991

Total assets 25637078162 25904013306

Current liabilities:

Short-term borrowings 475796035 345000000

Notes payable 1222172076 994557496

Accounts payable 2443169032 2033542627

Contract liability 357825101 418051975

Employee benefits payable 252299141 473616428

Taxes payable 178935981 161134638

Other payables 446054915 537065184

Incl.: Interest payable 10028889 99945325

Non-current liabilities due within one year 621683133 2481433006

Other current liabilities 43680585 50407240

Total current liabilities 6041615999 7494808594

Non-current liabilities:

8CSG HOLDING CO. LTD. The First Quarter Report 2023

Long-term borrowings 5184512865 4353589980

Lease liabilities 3606656 3564330

Long-term accounts payable 107669051 129236878

Deferred income 436619775 449875380

Deferred income tax liabilities 96757064 97266841

Total non-current liabilities 5829165411 5033533409

Total Liabilities 11870781410 12528342003

Owners' equity:

Share capital 3070692107 3070692107

Capital reserve 596997085 596997085

Other comprehensive income 167634811 170860478

Special reserves 2123340 731580

Surplus reserve 1228634001 1228634001

Undistributed profits 8183374542 7786968455

Total owner's equity attributable to the parent

1324945588612854883706

company

Minority shareholders' equity 516840866 520787597

Total owner's equity 13766296752 13375671303

Total Liabilities and Owner's Equity 25637078162 25904013306

Legal Representative: Chen Lin Responsible person in charge of the accounting: Wang Wenxin Principal of the financial

department: Wang Wenxin

2. Consolidated Income Statement

Unit: RMB

Amount incurred in the report Amount incurred in the

Item

period previous period

I. Total operating revenue 4070673784 2785709687

Incl. :Business income 4070673784 2785709687

II. Total business cost 3635165242 2385993949

Incl.: Business cost 3165542052 1996135271

Taxes and surcharges 36882571 29430897

Sales expense 74847114 62182177

Management costs 160804139 155690153

Research and development expenses 161274469 111661597

Financial expenses 35814897 30893854

Incl. : Interest expense 65810690 43766699

Interest income 30647150 14681526

Plus: Other income 24951873 48350708

Investment income (“-” for loss) 756383 8493186

Credit impairment loss (“-” for loss) -9860184 -4406594

Asset impairment loss (“-” for loss) 1456

Income on disposal assets (“-” for loss) 164780 3067343

III. Operational profit (“-” for loss) 451521394 455221837

Plus: non-operating income 7959666 1658098

Less: non-operating expenses 378246 2619997

IV. Gross profit (“-” for loss) 459102814 454259938

Less: Income tax expenses 66643458 66600517

V. Net profit (“-” for net loss) 392459356 387659421

9CSG HOLDING CO. LTD. The First Quarter Report 2023

(I) Classification by business continuity

1. Net profit from continuous operation(“-” for net loss) 392459356 387659421

(II) Classification by ownership

1. Net profit attributable to the owner of the parent company 396406087 383682831

2. Minor shareholders’ equity -3946731 3976590

VI. Net after-tax amount of other comprehensive income -3225667 -539838

Net after-tax amount of other comprehensive income

-3225667-539838

attributable to the owner of the parent company

(I) Other comprehensive income that will be reclassified

-3225667-539838

into profit or loss

1. Foreign-currency financial statement translation

-3225667-539838

difference

VII. Total comprehensive income 389233689 387119583

Total comprehensive income attributable to owners of the

393180420383142993

Company

Total comprehensive income attributable to minority

-39467313976590

shareholders

VIII. Earnings per share

(I) Basic earnings per share 0.13 0.12

(II) Diluted earnings per share 0.13 0.12

Legal Representative: Chen Lin Responsible person in charge of the accounting: Wang Wenxin Principal of the financial

department: Wang Wenxin

3. Consolidated Cash Flow Statement

Unit: RMB

Amount incurred in the report Amount incurred in the

Item

period previous period

I. Net cash flow from business operation:

Cash received from sales of products and providing of

28018526502975194851

services

Refunds of taxes 34104292 6174213

Received other cash related to business activities 60831544 45200715

Subtotal of cash inflow from operating activities 2896788486 3026569779

Cash paid for the purchase of goods and services 2100360348 1997455533

Cash paid to and for employees 702164873 592412995

Payments of all types of taxes 256715266 232790434

Payment of other cash related to business activities 121955178 101853755

Subtotal of cash outflow from operating activities 3181195665 2924512717

Net cash flow from operating activities -284407179 102057062

II. Cash flows from investing activities:

Cash received from returns on investment 20000000 1149600000

Cash received from returns on investment income 399611 8095668

Net cash received from the disposal of fixed assets intangible

65450978036

assets and other long-term assets

Cash received relating to other investing activities 37892400

Subtotal of cash inflows from investment activities 58357461 1158673704

Cash paid for the purchase and construction of fixed assets

1073365254784088536

intangible assets and other long-term assets

Cash paid for investment 1148160000

Cash paid relating to other investing activities 696000

10CSG HOLDING CO. LTD. The First Quarter Report 2023

Subtotal of cash outflows from investing activities 5319802

Net cash flows from investing activities 1074061254 1937568338

III. Cash flow from financing activities: -1015703793 -778894634

Cash received from the loan

Other financing-related cash received 1126732597 489156004

Subtotal of cash inflows from financing activities 1126732597 489156004

Cash paid for debt repayment 2025923666 100000000

Cash paid for dividends profits or interest payments 168432518 144617231

Payment of other cash related to financing activities 23054274 23817019

Subtotal of cash outflows from financing activities 2217410458 268434250

Net cash flow from financing activities -1090677861 220721754

IV. Influence of exchange rate alternation on cash and cash

-233042468620

equivalents

V. Net increase in cash and cash equivalents -2393119257 -456047198

Plus: Balance of cash and cash equivalents at the

45940182512756477572

beginning of term

VI. Balance of cash and cash equivalents at the end of term 2200898994 2300430374

Legal Representative: Chen Lin Responsible person in charge of the accounting: Wang Wenxin Principal of the financial

行情