Tunghsu Optoelectronic Technology Co. Ltd.The Third Quarterly Report 2019
October 2019
I. Important Notice
The Board of Directors Supervisory Committee all directors supervisors and senior executives of the Company
hereby guarantees that there are no misstatement misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity accuracy and completeness of the contents hereof.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Wang Lipeng Person in charge of the Company Ms.Feng Qiuju Person in charge of accounting works
Mr.Wang Cang Chief of the accounting organ (chief of accounting ) hereby confirm the authenticity and
completeness of the financial report enclosed in this report.II. Basic information about the company
I.Main financial data and financial index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.√Yes □No
Reasons for retrospective restatements:
Accounting policy change
As at the end of the
reporting period
As at the end of last year
Changed （%）over
end of prev. year
Before adjustment After adjustment After adjustment
Gross assets（Yuan） 72440407897.85 72576122859.60 72576122859.60 -0.19%
Net assets attributable to the
shareholders of the listed company（Yuan）
33282397733.05 32521130925.14 32521130925.14 2.34%
Reporting period
Increase/decrease over
the same period of last
year（%）
Between beginning of
the year to the end of
the report period
Changed （%）over
end of prev. year
Operating revenue（Yuan） 4091106986.20 -33.30% 12566196209.13 -27.21%
Net profit attributable to the
shareholders of the listed company（Yuan）
290704217.37 -36.37% 1134880387.35 -13.71%
Net profit after deducting of
non-recurring gain/loss attributable
to the shareholders of listed
company（Yuan）
183931159.91 -58.26% 962026486.57 -23.16%
Net cash generated from /used in
operating activities（Yuan）
-- -- 127114559.45 124.66%
Basic earning per
share(Yuan/Share)
0.05 -37.50% 0.20 -13.04%
Diluted gains per
share(Yuan/Share)
0.05 -37.50% 0.20 -13.04%
Weighted average return on
equity（%）
0.88% -39.31% 3.45% -17.66%
The Reason of the Change of the Accounting Policy and the Correction of the Accounting Error
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Items
Amount (Year-beginning to
the end of the report period.)
Notes
Non-current asset disposal gain/loss(including the write-off part
for which assets impairment provision is made)
147664236.12
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business
and granted under the state’s policies)
107995116.58
Gain/loss on loans obtained by entrusting others 246200.42
Other non-operating income and expenditure beside for the above
items
4745332.46
Less: Influenced amount of income tax 74860960.41
Amount of influence of minority interests（After tax） 12936024.39
Total 172853900.78 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public -Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
In shares
Total number of common shareholders at the
period-end
377080( Including 360087
shareholders holding A
shares and 16993
shareholders holding B
shares)
Total preference shareholders
with the voting power
recovered at the end of the
reporting period(if any)
0
Shares held by the top 10 shareholders
Shareholder name
Properties of
shareholder
Share
proportion %
Quantity
Amount of
tradable shares
with
Conditional
held
Pledging or freezing
Status of the
shares
Quantity
Tunghsu Group Co. Ltd.
Domestic Non
-State-owned legal
person
15.97% 915064091 352006791 Pledge 799643042
Shijiazhuang Baoshi
Electronic Group Co.
Ltd.
Domestic Non
-State-owned legal
person
5.80% 332382171 Pledge 153520000
Shanghai Huimao
Enterprise Management
Co. Ltd.
Domestic Non
-State-owned legal
person
4.58% 262626262 262626262 Pledge 80000000
Beixin Ruifeng Fund－
China Merchants Bank－
Daye Trust－Daye
Trust·Profit increase 3
single fund plan
Other 1.08% 62095032
Shenzhen Taianer
Information Technology
Co. Ltd.
Domestic Non
-State-owned legal
person
1.07% 61165682 Pledge 55265682
Hong Kong Securities
Clearing Co. Ltd.
Overseas Legal
person
0.94% 53932469
Minsheng Royal Fund
Management Co. Ltd－
-Ping An Bank-Daye
Trust·Zengli 2 single
Fund Trust
Domestic Non
-State-owned legal
person
0.85% 48663412
Kunshan Development
Zone State-Owned
Investment Holding Co.Ltd.State-owned legal
person
0.73% 41838269
Tunghsu Optoelectronic
Technology Co. Ltd.－
The first ESOP
Other 0.63% 36319731
China Securities Finance
Co. Ltd.
Domestic Non
-State-owned legal
person
0.54% 30906112
Shares held by the Top 10 Shareholders of Non-restricted shares
Shareholders’ Names Number of the non-restricted shares held
Share type
Share type Quantity
Tunghsu Group Co. Ltd. 563057300
RMB
Common
shares
563057300
Shijiazhuang Baoshi Electronic Group Co.Ltd.
332382171
RMB
Common
shares
332382171
Beixin Ruifeng Fund－China Merchants Bank
－Daye Trust－Daye Trust·Profit increase 3
single fund plan
62095032
RMB
Common
shares
62095032
Shenzhen Taianer Information Technology Co.Ltd.
61165682
RMB
Common
shares
61165682
Hong Kong Securities Clearing Co. Ltd. 53932469
RMB
Common
shares
53932469
Minsheng Royal Fund Management Co. Ltd－
-Ping An Bank-Daye Trust·Zengli 2 single
Fund Trust
48663412
RMB
Common
shares
48663412
Kunshan Development Zone State-Owned
Investment Holding Co. Ltd. 41838269
RMB
Common
shares
41838269
Tunghsu Optoelectronic Technology Co. Ltd.－The first ESOP
36319731
RMB
Common
shares
36319731
China Securities Finance Co. Ltd. 30906112
RMB
Common
shares
30906112
Pingan Bank Co. Ltd.-China stock 800 trading
open index securities investment fund
24381300
RMB
Common
shares
24381300
Explanation on shareholders participating in
the margin trading business
Among the top ten shareholders Tunghsu Group and Baoshi Group have
relationship and constitute persons taking concerted action. The company does not
know whether there is relationship between other 8 shareholders or whether they
are persons taking concerted action defined in Administrative Measures Relating
to Acquisitions of Listed Companies
Participation of top 10 unconditional common
share shareholders in securities margin trading
(if any)
Not applicable
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period
□ Applicable √Not applicable
III Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period as
well as reasons for the changes
√ Applicable □ Not applicable
No Items Ending balance Opening balance Changes Remarks on the change
1 Inventories 5183647890.84 3510786666.85 47.65%
Inventories increased by 47.65%
which’s mainly due to the stock for the
completion of the follow-up orders and
the increase in the outstanding unsettled
assets of the construction business
segment.
2
Long-term account
receivable
553235076.74 344430815.68 60.62%
The main reason is that the increase of
installment business leads to the
increase of long-term receivables.
3
Long-term account
payable
1552195921.05 2644309592.95 -41.30%
Mainly due to the decrease in the
balance of finance lease loans
No Items
Year-beginning to
the end of the report
period
Same period of last
year
Changes Remarks on the change
1 Revenue 12566196209.13 17263567779.22 -27.21%
Mainly due to that the Company
optimized the product structure and
concentrated the resources to strengthen
the quality product development.
2 Operating costs 9911799916.26 14026126902.57 -29.33%
Mainly due to corresponding changes in
business income
3 Sales expense 257054949.35 179353037.49 43.32%
Mainly due to the increased sales
promotion
4 Other income 391804098.83 155240877.89 152.38%
Mainly due to the increase in
government grant
II. The progress of significant events and influence as well as the analysis and explanation on resolving
proposal.
□ Applicable √ Not applicable
Progress in the implementation of share repurchase
□ Applicable √ Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
□ Applicable √ Not applicable
III. Commitments finished in implementation by the Company shareholders actual controller acquirer
directors supervisors senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
□ Applicable √Not applicable
The company has no commitments completed in period and those without completed till lend of the period from
actual controller shareholders related parties purchaser and companies.IV. Investment in securities
√ Applicable □Not applicable
In RMB
Security
category
Security
code
Stock
Abbrevi
ation:
Initial
investm
ent cost
Mode of
accounti
ng
measure
ment
Book
value
balance
at the
beginni
ng of
the
reportin
g period
Changes
in fair
value of
the this
period
Cumulat
ive fair
value
changes
in
equity
Purchas
e
amount
in the
this
period
Sale
amount
in the
this
period
Gain/los
s of the
reportin
g period
Book
value
balance
at the
end of
the
reportin
g period
Account
ing
items
Source
of the
shares
Bonds 204004 GC004
30000
00.00
FVM 0.00 0.00 0.00
30000
00.00
30000
00.00
9945.6
1
0.00
Transac
tional
financia
Self
funds
Total
30000
00.00
-- 0.00 0.00 0.00
30000
00.00
30000
00.00
9945.6
1
0.00 -- --
Disclosure date for the
notice of approval by the
Board (If any)
Disclosure date for the
notice of approval by
shareholders’ Meeting (If
any)
V. Entrusted Financial Management
□ Applicable √Not applicable
There is no Entrusted Financial Management during the report period.VI. Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.VII. The registration form of acceptance of investigation communication and interview in the report
period for future reference
√ Applicable □Not applicable
Reception time Way of reception Types of visitors Basic index
May 312019 Onsite investigation Organization
Details can be found in the Record Chart of the
Investor Relation Activity disclosed on Juchao
website(www.cninfo.com.cn) on 31 May 2019.September 162019 Onsite investigation Organization
Details can be found in the Record Chart of the
Investor Relation Activity disclosed on Juchao
website(www.cninfo.com.cn) on 16 September
2019.
January 12019 --
September302019
By phone Individual Company telephone records
VIII. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company in Period
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by：Tunghsu Optoelectronic Technology Co. Ltd.September 302019
In RMB
Items September 302019 December 312018
Current asset：
Cash and bank balances 18316331896.27 19807094397.16
Settlement provision
Outgoing call loan
Transactional financial assets
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Notes receivable 254982458.07 499781503.17
Account receivable 11801072939.48 14352781895.39
Financing of receivables
Prepayments 6149290112.13 5215414219.51
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 1821457689.85 1125991020.55
Including：Interest receivable 143850518.91 56811961.67
Dividend receivable
Repurchasing of financial assets
Inventories 5183647890.84 3510786666.85
Contract assets
Assets held for sales 119355435.58 119355435.58
Non-current asset due within 1 year
Other current asset 842775602.57 809360778.49
Total of current assets 44488914024.79 45440565916.70
Non-current assets：
Loans and payment on other’s behalf
disbursed
Debt investment
Available for sale of financial assets 243158605.30
Other investment on bonds
Expired investment in possess
Long-term receivable 553235076.74 344430815.68
Long term share equity investment 2220130837.05 2174347969.22
Other equity instruments investment
Other non-current financial assets 548158605.30
Property investment 703253374.12 686993881.02
Fixed assets 9512734799.30 9634463323.77
Construction in progress 4956647559.30 5013941980.61
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 1071918499.27 1146949745.14
Development expenses 40072802.72 37122235.94
Goodwill 2702403019.28 2835672586.90
Long-germ expenses to be amortized 22903926.50 21884204.82
Deferred income tax asset 529157272.82 533094627.68
Other non-current asset 5090878100.66 4463496966.82
Total of non-current assets 27951493873.06 27135556942.90
Total of assets 72440407897.85 72576122859.60
Current liabilities
Short-term loans 10129150000.00 8361106651.33
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable 1245105499.95 1643167026.68
Account payable 7169816748.49 8632927106.20
Advance receipts 1640093367.18 1402283662.37
Contract Liabilities
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 147644202.06 238146977.17
Tax payable 374808968.47 817173127.12
Other account payable 2627744791.21 2089603676.60
Including：Interest payable 283661586.73 117554951.58
Dividend payable 89544942.34
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 3238184894.19 3697392864.91
Other current liability 473494228.58 315193128.73
Total of current liability 27046042700.13 27196994221.11
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 2953742673.95 2741589600.00
Bond payable 5283889315.84 5630818825.32
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 1552195921.05 2644309592.95
Long-term remuneration payable to
staff
Expected liabilities 92169224.93 99765750.04
Deferred income 670373925.18 676146399.31
Deferred income tax liability 53646602.58 55192983.97
Other non-current liabilities 508000000.00 108000000.00
Total non-current liabilities 11114017663.53 11955823151.59
Total of liability 38160060363.66 39152817372.70
Owners’ equity
Share capital 5730250118.00 5730250118.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 21812136465.66 21786233393.78
Less：Shares in stock 4422320.00 4422320.00
Other comprehensive income -29175.80 -29175.80
Special reserve 14215188.29 12614331.35
Surplus reserves 245507019.95 245507019.95
Common risk provision
Retained profit 5484740436.95 4750977557.86
Total of owner’s equity belong to the
parent company
33282397733.05 32521130925.14
Minority shareholders’ equity 997949801.14 902174561.76
Total of owners’ equity 34280347534.19 33423305486.90
Total of liabilities and owners’ equity 72440407897.85 72576122859.60
Legal representative ：Wang Lipeng
Person-in-charge of the accounting work：Feng Qiuju
Person-in -charge of the accounting organ：Wang Cang
2. Balance sheet of Parent Company
In RMB
Items September 302019 December 312018
Current asset：
Cash and bank balances 4680260358.50 9732302654.23
Transactional financial assets
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Notes receivable 50000.00
Account receivable 238937474.76 176563926.23
Financing of receivables
Prepayments 2778960.71 2008364.11
Other account receivable 11570854039.27 6281675319.27
Including：Interest receivable 46967564.49 7521489.86
Dividend receivable 500000000.00 500000000.00
Inventories 187539316.81 269759580.95
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 148973.38 148973.38
Total of current assets 16680519123.43 16462508818.17
Non-current assets：
Debt investment
Available for sale of financial assets 129500056.00
Other investment on bonds
Expired investment in possess
Long-term receivable
Long term share equity investment 28389525568.72 26504735200.89
Other equity instruments investment
Other non-current financial assets 429500056.00
Property investment
Fixed assets 149336842.79 160867244.63
Construction in progress
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 9078606.77 9339387.26
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 102498508.59 119964967.85
Other non-current asset
Total of non-current assets 29079939582.87 26924406856.63
Total of assets 45760458706.30 43386915674.80
Current liabilities
Short-term loans 6529000000.00 4278000000.00
Transactional financial liabilities
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable
Account payable 7214450.15 11500796.58
Advance receipts 842498.78 1991498.78
Contract Liabilities
Employees’ wage payable 4481371.86 4484401.86
Tax payable 13821959.07 17959833.09
Other account payable 4582303283.17 3656725253.66
Including：Interest payable 263454751.86 97197464.99
Dividend payable 89544942.34
Liabilities held for sales
Non-current liability due within 1 year 1473257632.58 1533383333.28
Other current liability
Total of current liability 12610921195.61 9504045117.25
Non-current liabilities：
Long-term loan 496000000.00
Bond payable 4683889315.84 5630818825.32
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to
staff
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 5179889315.84 5630818825.32
Total of liability 17790810511.45 15134863942.57
Owners’ equity
Share capital 5730250118.00 5730250118.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 21832453907.50 21832453907.50
Less：Shares in stock 4422320.00 4422320.00
Other comprehensive income
Special reserve
Surplus reserves 226517795.62 226517795.62
Retained profit 184848693.73 467252231.11
Total of owners’ equity 27969648194.85 28252051732.23
Total of liabilities and owners’ equity 45760458706.30 43386915674.80
3.Consolidated Income statement of the Report period
In RMB
Items Amount in this period Amount in last period
I. Turnover 4091106986.20 6133715988.34
Including ：Operating income 4091106986.20 6133715988.34
Interest income
Insurance fee earned
Fee and commission received
II. Total operating costs 3960264425.02 5609792675.17
Including ：Operating costs 3339906699.32 5036411172.85
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for duty net
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 13484690.14 23906807.14
Sales expense 101242232.81 85460345.07
Administrative expense 129084674.37 148717384.56
R & D expense 152203114.68 167589371.79
Financial expenses 224343013.70 147707593.76
Including：Interest expense 309177328.11 260361572.27
Interest income 90045140.54 116750430.74
Add：Other income 169152359.66 46878821.37
Investment gain（“-”for loss） 137097767.53 17356371.68
Including: investment gains from
affiliates
-1055027.96 16524039.25
Financial assets measured at amortized
cost cease to be recognized as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss -4068499.41
Impairment loss of assets 1400471.00 653072.76
Assets disposal income -2073076.28 -814481.33
III. Operating profit（“-”for loss） 432351583.68 587997097.65
Add ：Non-operating income 1881466.41 8221514.11
Less: Non-operating expenses 2259372.16 1196410.58
IV. Total profit(“-”for loss) 431973677.93 595022201.18
Less：Income tax expenses 127395305.35 133529216.17
V. Net profit 304578372.58 461492985.01
(I) Classification by business
continuity
1.Net continuing operating profit 304578372.58 461492985.01
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of
parent company
290704217.37 456861464.93
2.Minority shareholders’ equity 13874155.21 4631520.08
VI. Net after-tax of other comprehensive
income
-9338.97
Net of profit of other comprehensive inco
me attributable to owners of the parent co
mpany.
-2996.12
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
3. Changes in the fair value of
investments in other equity instruments
4. Changes in the fair value of the
company’s credit risks
5.Other（II）
Other comprehensive income that will be
reclassified into profit or loss.
-2996.12
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2. Changes in the fair value of
investments in other debt obligations
3.Gains and losses from changes in fair v
alue available for sale financial assets
4. Other comprehensive income arising
from the reclassification of financial
assets
5.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
6. Allowance for credit impairments in
investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency financ
ial statements
-2996.12
9.Other
Net of profit of other comprehensive inco
me attributable to Minority shareholders’
equity
-6342.85
VII. Total comprehensive income 304578372.58 461483646.04
Total comprehensive income attributable
to the owner of the parent company
290704217.37 456858468.81
Total comprehensive income
attributable minority shareholders
13874155.21 4625177.23
VIII. Earnings per share
（I）Basic earnings per share 0.05 0.08
(II)Diluted earnings per share 0.05 0.08
The current business combination under common control the net profits of the combined party before achieved ne
t profit of RMB 0.00 last period the combined party realized RMB-9555668.76.Legal representative ：Wang Lipeng
Person-in-charge of the accounting work：Feng Qiuju
Person-in -charge of the accounting organ：Wang Cang
4.Income statement of the Parent Company of the Report period
In RMB
Items Amount in this period Amount in last period
I. Revenue 1135035.03 3256300.61
Including ：Operating costs 876819.06 2218588.34
Business tax and surcharge 990268.44 915072.46
Sales expense 18769.00
Administrative expense 4234809.43 8823593.81
R & D expense 774668.87
Financial expenses 105138400.02 103671007.85
Including：Interest expenses 207064079.10 132725693.85
Interest income 102879825.66 30455946.93
Add：Other income
Investment gain（“-”for loss） 381599672.04 16524776.06
Including: investment gains from
affiliates
-1055027.96 16524776.06
Financial assets measured at
amortized cost cease to be recognized
as income
Net exposure hedging income
Changing income of fair value
Credit impairment loss
Impairment loss of assets -52500.00
Assets disposal income
II. Operating profit（“-”for loss） 270719741.25 -95813454.79
Add ：Non-operating income 1570.00 973.04
Less：Non -operating expenses 5341.10 209000.00
III. Total profit(“-”for loss) 270715970.15 -96021481.75
Less：Income tax expenses 40765649.72
IV. Net profit 229950320.43 -96021481.75
1.Net continuing operating profit 229950320.43 -96021481.75
2.Termination of operating net profit
V. Net after-tax of other comprehensive
income
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
3. Changes in the fair value of
investments in other equity instruments
4. Changes in the fair value of the
company’s credit risks
5.Other（II）
Other comprehensive income that will b
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2. Changes in the fair value of
investments in other debt obligations
3.
Gains and losses from changes in fair v
alue available for sale financial assets
4. Other comprehensive income
arising from the reclassification of
financial assets
5.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
6. Allowance for credit impairments
in investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency fina
ncial statements
9.Other
VI. Total comprehensive income 229950320.43 -96021481.75
VII. Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
Items Amount in this period Amount in last period
I. Turnover 12566196209.13 17263567779.22
Including：Operating income 12566196209.13 17263567779.22
Interest income
Insurance fee earned
Commission charge and commission
income
II. Total operating costs 11606233115.90 15696976204.44
Including ：Operating costs 9911799916.26 14026126902.57
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for dutynet
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 60211803.78 210002927.84
Sales expense 257054949.35 179353037.49
Administrative expense 411202698.94 412996869.13
R & D expense 373530637.91 325561757.35
Financial expenses 592433109.66 542934710.06
Including：Interest expense 897744842.39 856102489.72
Interest income 319022171.63 314912662.98
Add：Other income 391804098.83 155240877.89
Investment gain（“-”for loss） 159148105.57 41062889.87
Including: investment gains from
affiliates
16382867.83 28360663.73
Financial assets measured at amortized
cost cease to be recognized as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss -13735862.13
Impairment loss of assets -353137.15 -405516.55
Assets disposal income -2073076.28 -1479307.78
III. Operating profit（“-”for loss） 1494753222.07 1761010518.21
Add ：Non-operating income 9801394.59 14167411.04
Less: Non-operating expense 4574800.13 3964222.59
IV. Total profit(“-”for loss) 1499979816.53 1771213706.66
Less：Income tax expenses 314304023.20 415659992.41
V. Net profit 1185675793.33 1355553714.25
(I) Classification by business
continuity
1.Net continuing operating profit 1185675793.33 1355553714.25
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of
parent company
1134880387.35 1315157554.01
2.Minority shareholders’ equity 50795405.98 40396160.24
VI. Net after-tax of other comprehensive
income
4756.26
Net of profit of other comprehensive inco
me attributable to owners of the parent co
mpany.
4756.26
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
3. Changes in the fair value of
investments in other equity instruments
4. Changes in the fair value of the
company’s credit risks
5.Other（II）
Other comprehensive income that will be
reclassified into profit or loss.
4756.26
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2. Changes in the fair value of
investments in other debt obligations
3.Gains and losses from changes in fair v
alue available for sale financial assets
4. Other comprehensive income arising
from the reclassification of financial
assets
5.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
6. Allowance for credit impairments in
investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency financ
ial statements
4756.26
9.Other
Net of profit of other comprehensive inco
me attributable to Minority shareholders’
equity
VII. Total comprehensive income 1185675793.33 1355558470.51
Total comprehensive income attributable
to the owner of the parent company
1134880387.35 1315162310.27
Total comprehensive income
attributable minority shareholders
50795405.98 40396160.24
VIII. Earnings per share
（I）Basic earnings per share 0.20 0.23
(II)Diluted earnings per share 0.20 0.23
The current business combination under common control the net profits of the combined party before achieved ne
t profit of RMB 0.00 last period the combined party realized RMB-9555668.76.Legal representative ：Wang Lipeng
Person-in-charge of the accounting work：Feng Qiuju
Person-in -charge of the accounting organ：Wang Cang
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I. Revenue 119463664.36 58572283.01
Including ：Operating costs 105145585.10 40711128.57
Business tax and surcharge 4976905.87 3087770.21
Sales expense 18769.00
Administrative expense 20956885.00 33117331.75
R & D expense 2472551.86
Financial expenses 249197283.14 355271284.54
Including：Interest expenses 549600702.10 486422033.10
Interest income 302394392.44 132632720.00
Add：Other income 50000.00
Investment gain（“-”for loss） 399037567.83 21656065.50
Including: investment gains from
affiliates
16382867.83 28360663.73
Financial assets measured at
amortized cost cease to be recognized
as income
Net exposure hedging income
Changing income of fair value
Credit impairment loss 3579.22
Impairment loss of assets 241.00 7848812.69
Assets disposal income
II. Operating profit（“-”for loss） 135805841.44 -359826748.25
Add ：Non-operating income 379929.80 1644.45
Less：Non -operating expenses 5341.10 209000.15
III. Total profit(“-”for loss) 136180430.14 -360034103.95
Less：Income tax expenses 17466459.26 -1269693.27
IV. Net profit 118713970.88 -358764410.68
1.Net continuing operating profit 118713970.88 -358764410.68
2.Termination of operating net profit
V. Net after-tax of other comprehensive
income
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
3. Changes in the fair value of
investments in other equity instruments
4. Changes in the fair value of the
company’s credit risks
5.Other（II）
Other comprehensive income that will b
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2. Changes in the fair value of
investments in other debt obligations
3.
Gains and losses from changes in fair v
alue available for sale financial assets
4. Other comprehensive income
arising from the reclassification of
financial assets
5.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
6. Allowance for credit impairments
in investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency fina
ncial statements
9.Other
VI. Total comprehensive income 118713970.88 -358764410.68
VII. Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
rending of services
16313795681.66 15776552566.68
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from
other financial bodies
Cash received against original insurance
contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Cash received from interest
commission charge and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Net cash received by agent in
securities trading
Tax returned 214448224.11 535606707.13
Other cash received from business
operation
1054754750.55 1445590352.94
Sub-total of cash inflow 17582998656.32 17757749626.75
Cash paid for purchasing of
merchandise and services
14639564848.32 14640101334.51
Net increase of client trade and advance
Net increase of savings in central bank
and brother company
Cash paid for original contract claim
Net increase for Outgoing call loan
Cash paid for interest processing fee
and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 796831947.67 873946590.61
Taxes paid 858148458.85 718192319.59
Other cash paid for business activities 1161338842.03 2040936112.00
Sub-total of cash outflow from business
activities
17455884096.87 18273176356.71
Net cash generated from /used in
operating activities
127114559.45 -515426729.96
II. Cash flow generated by investing
Cash received from investment
retrieving
1251030000.00
Cash received as investment gains 13923452.07
Net cash retrieved from disposal of
fixed assets intangible assets and other
long-term assets
148041.02 3889040.00
Net cash received from disposal of
subsidiaries or other operational units
154823420.43 393727652.59
Other investment-related cash received 1540725801.60 329439021.36
Sub-total of cash inflow due to
investment activities
1695697263.05 1992009166.02
Cash paid for construction of fixed
assets intangible assets and other
long-term assets
1281678070.49 2899735048.66
Cash paid as investment 332390000.00 446473324.50
Net increase of loan against pledge
Net cash received from subsidiaries and
other operational units
108724611.43
Other cash paid for investment
activities
754833239.59 452439739.56
Sub-total of cash outflow due to
investment activities
2368901310.08 3907372724.15
Net cash flow generated by investment -673204047.03 -1915363558.13
III.Cash flow generated by financing
Cash received as investment 131690000.00 6399500.00
Including: Cash received as investment
from minor shareholders
125000000.00 6399500.00
Cash received as loans 6414443540.78 4419098213.33
Other financing –related cash received 2062562380.83 777589299.83
Sub-total of cash inflow from financing
activities
8608695921.61 5203087013.16
Cash to repay debts 6652951104.36 6926972109.28
Cash paid as dividend profit or
interests
1227738290.72 1171170999.61
Including: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 713106691.62 704299273.76
Sub-total of cash outflow due to
financing activities
8593796086.70 8802442382.65
Net cash flow generated by financing 14899834.91 -3599355369.49
IV. Influence of exchange rate
alternation on cash and cash equivalents
-803387.02 7175415.44
V.Net increase of cash and cash
equivalents
-531993039.69 -6022970242.14
Add: balance of cash and cash
equivalents at the beginning of term
14916637291.04 25114660756.25
VI ..Balance of cash and cash
equivalents at the end of term
14384644251.35 19091690514.11
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
rending of services
100044957.17 70757928.40
Tax returned 13719.30
Other cash received from business
operation
1255277193.85 444929669.15
Sub-total of cash inflow 1355322151.02 515701316.85
Cash paid for purchasing of
merchandise and services
2062657.18 34817201.76
Cash paid to staffs or paid for staffs 12823734.51 24886017.39
Taxes paid 33282120.77 33226454.45
Other cash paid for business activities 1272735223.00 219935549.94
Sub-total of cash outflow from business
activities
1320903735.46 312865223.54
Net cash generated from /used in
operating activities
34418415.56 202836093.31
II.Cash flow generated by investing
Cash received from investment
retrieving
1770000000.00
Cash received as investment gains 678923452.07
Net cash retrieved from disposal of
fixed assets intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
400000000.00
Other investment-related cash received
Sub-total of cash inflow due to
investment activities
400000000.00 2448923452.07
Cash paid for construction of fixed
assets intangible assets
and other long-term assets
Cash paid as investment 2162300000.00 2617565500.00
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
23721374168.74 20234170247.66
Sub-total of cash outflow due to
investment activities
25883674168.74 22851735747.66
Net cash flow generated by investment -25483674168.74 -20402812295.59
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 3051000000.00 580000000.00
Other financing –related ash received 19504029140.15 19085073335.80
Sub-total of cash inflow from
financing activities
22555029140.15 19665073335.80
Cash to repay debts 1468383333.28 3281257300.02
Cash paid as dividend profit or
interests
688082349.42 735920735.65
Other cash paid for financing activities 1350000.00
Sub-total of cash outflow due to
financing activities
2157815682.70 4017178035.67
Net cash flow generated by financing 20397213457.45 15647895300.13
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
equivalents
-5052042295.73 -4552080902.15
Add: balance of cash and cash
equivalents at the beginning of term
9732302654.23 11224359236.39
VI ..Balance of cash and cash
equivalents at the end of term
4680260358.50 6672278334.24
II Adjustments to the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according to
the new standards for financial instruments the new standards for revenues and the new standards for
lease implemented commencing from year 2019
√ Applicable □ Not applicable
Consolidated balance sheet
In RMB
Items December 312018 January 12019
Amount involved in the
adjustment
Current asset：
Cash and bank balances 19807094397.16 19807094397.16
Settlement provision
Outgoing call loan
Transactional financial assets
Financial assets measured
at fair value with variations
accounted into current
income account
Derivative financial assets
Notes receivable 499781503.17 499781503.17
Account receivable 14352781895.39 14352781895.39
Financing of receivables
Prepayments 5215414219.51 5215414219.51
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Other account receivable 1125991020.55 1125991020.55
Including：Interest receivable 56811961.67 56811961.67
Dividend receivable
Repurchasing of financial
assets
Inventories 3510786666.85 3510786666.85
Contract assets
Assets held for sales 119355435.58 119355435.58
Non-current asset due within
1 year
Other current asset 809360778.49 809360778.49
Total of current assets 45440565916.70 45440565916.70
Non-current assets：
Loans and payment on
other’s behalf disbursed
Debt investment
Available for sale of financial
assets
243158605.30 -243158605.30
Other investment on bonds
Expired investment in
possess
Long-term receivable 344430815.68 344430815.68
Long term share equity
investment
2174347969.22 2174347969.22
Other equity instruments
investment
Other non-current financial
assets
243158605.30 243158605.30
Property investment 686993881.02 686993881.02
Fixed assets 9634463323.77 9634463323.77
Construction in progress 5013941980.61 5013941980.61
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 1146949745.14 1146949745.14
Development expenses 37122235.94 37122235.94
Goodwill 2835672586.90 2835672586.90
Long-germ expenses to be
amortized
21884204.82 21884204.82
Deferred income tax asset 533094627.68 533094627.68
Other non-current asset 4463496966.82 4463496966.82
Total of non-current assets 27135556942.90 27135556942.90
Total of assets 72576122859.60 72576122859.60
Current liabilities
Short-term loans 8361106651.33 8361106651.33
Loan from Central Bank
Borrowing funds
Transactional financial
liabilities
Financial liabilities measured
at fair value with variations
accounted into current
income account
Derivative financial liabilities
Notes payable 1643167026.68 1643167026.68
Account payable 8632927106.20 8632927106.20
Advance receipts 1402283662.37 1402283662.37
Contract liabilities
Selling of repurchased
financial assets
Deposit taking and interbank
deposit
Entrusted trading of
securities
Entrusted selling of securities
Employees’ wage payable 238146977.17 238146977.17
Tax payable 817173127.12 817173127.12
Other account payable 2089603676.60 2089603676.60
Including：Interest payable 117554951.58 117554951.58
Dividend payable
Fees and commissions
payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due
within 1 year
3697392864.91 3697392864.91
Other current liability 315193128.73 315193128.73
Total of current liability 27196994221.11 27196994221.11
Non-current liabilities：
Reserve fund for insurance
contracts
Long-term loan 2741589600.00 2741589600.00
Bond payable 5630818825.32 5630818825.32
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 2644309592.95 2644309592.95
Long-term remuneration
payable to staff
Expected liabilities 99765750.04 99765750.04
Deferred income 676146399.31 676146399.31
Deferred income tax liability 55192983.97 55192983.97
Other non-current liabilities 108000000.00 108000000.00
Total non-current liabilities 11955823151.59 11955823151.59
Total of liability 39152817372.70 39152817372.70
Owners’ equity
Share capital 5730250118.00 5730250118.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 21786233393.78 21786233393.78
Less：Shares in stock 4422320.00 4422320.00
Other comprehensive income -29175.80 -29175.80
Special reserve 12614331.35 12614331.35
Surplus reserves 245507019.95 245507019.95
Common risk provision
Retained profit 4750977557.86 4750977557.86
Total of owner’s equity
belong to the parent company
32521130925.14 32521130925.14
Minority shareholders’ equity 902174561.76 902174561.76
Total of owners’ equity 33423305486.90 33423305486.90
Total of liabilities and
owners’ equity
72576122859.60 72576122859.60
Adjustment statement
According to the Accounting Standards for Business Enterprises No.22-Recognition and Measurement of
Financial Instruments (CK [2017] No.7) the Accounting Standards for Business Enterprises No.23-Transfer of
Financial Assets (CK [2017] No.8) the Accounting Standards for Business Enterprises No.24-Hedge Accounting
(CK [2017] No.9) Accounting Standard for Business Enterprises No.37-Presentation of Financial Instruments
(CK [2017] No.14) (hereinafter referred to as the new financial instruments standards) issued by the Ministry of
Finance in 2017 in combination with the company's business mode of managing financial assets and the
contractual cash flow characteristics of financial assets the original available-for-sale financial assets are adjusted
to be accounted for as financial assets measured at fair value with changes included in current profits and losses.Since the period is more than one year it is listed as "other non-current financial assets" in the report.Parent Company Balance Sheet
In RMB
Items December 312018 January 12019
Amount involved in the
adjustment
Current asset：
Cash and bank balances 9732302654.23 9732302654.23
Transactional financial assets
Financial assets measured
at fair value with variations
accounted into current
income account
Derivative financial assets
Notes receivable 50000.00 50000.00
Account receivable 176563926.23 176563926.23
Financing of receivables
Prepayments 2008364.11 2008364.11
Other account receivable 6281675319.27 6281675319.27
Including：Interest receivable 7521489.86 7521489.86
Dividend receivable 500000000.00 500000000.00
Inventories 269759580.95 269759580.95
Contract assets
Assets held for sales
Non-current asset due within
1 year
Other current asset 148973.38 148973.38
Total of current assets 16462508818.17 16462508818.17
Non-current assets：
Debt investment
Available for sale of financial
assets
129500056.00 -129500056.00
Other investment on bonds
Expired investment in
possess
Long-term receivable
Long term share equity
investment
26504735200.89 26504735200.89
Other equity instruments
investment
Other non-current financial
assets
129500056.00 129500056.00
Property investment
Fixed assets 160867244.63 160867244.63
Construction in progress
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 9339387.26 9339387.26
Development expenses
Goodwill
Long-germ expenses to be
amortized
Deferred income tax asset 119964967.85 119964967.85
Other non-current asset
Total of non-current assets 26924406856.63 26924406856.63
Total of assets 43386915674.80 43386915674.80
Current liabilities
Short-term loans 4278000000.00 4278000000.00
Transactional financial
liabilities
Financial liabilities measured
at fair value with variations
accounted into current
income account
Derivative financial liabilities
Notes payable
Account payable 11500796.58 11500796.58
Advance receipts 1991498.78 1991498.78
Contract Liabilities
Employees’ wage payable 4484401.86 4484401.86
Tax payable 17959833.09 17959833.09
Other account payable 3656725253.66 3656725253.66
Including：Interest
payable
97197464.99 97197464.99
Dividend payable
Liabilities held for sales
Non-current liability due
within 1 year
1533383333.28 1533383333.28
Other current liability
Total of current liability 9504045117.25 9504045117.25
Non-current liabilities：
Long-term loan
Bond payable 5630818825.32 5630818825.32
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration
payable to staff
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 5630818825.32 5630818825.32
Total of liability 15134863942.57 15134863942.57
Owners’ equity
Share capital 5730250118.00 5730250118.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 21832453907.50 21832453907.50
Less：Shares in stock 4422320.00 4422320.00
Other comprehensive income
Special reserve
Surplus reserves 226517795.62 226517795.62
Retained profit 467252231.11 467252231.11
Total of owners’ equity 28252051732.23 28252051732.23
Total of liabilities and
owners’ equity
43386915674.80 43386915674.80
Adjustment statement
According to the Accounting Standards for Business Enterprises No.22-Recognition and Measurement of
Financial Instruments (CK [2017] No.7) the Accounting Standards for Business Enterprises No.23-Transfer of
Financial Assets (CK [2017] No.8) the Accounting Standards for Business Enterprises No.24-Hedge Accounting
(CK [2017] No.9) Accounting Standard for Business Enterprises No.37-Presentation of Financial Instruments
(CK [2017] No.14) (hereinafter referred to as the new financial instruments standards) issued by the Ministry of
Finance in 2017 in combination with the company's business mode of managing financial assets and the
contractual cash flow characteristics of financial assets the original available-for-sale financial assets are adjusted
to be accounted for as financial assets measured at fair value with changes included in current profits and losses.Since the period is more than one year it is listed as "other non-current financial assets" in the report.2. Note to the retroactive adjustment of the previous comparative data according to the new standards for
financial instruments and the new standards for lease implemented commencing from year 2019
√Applicable □Not applicable
Beginning January 1 2019 the company began to implement the new financial instrument guidelines This
accounting policy change does not involve retrospective adjustments in previous years and does not affect the
Company's 2018 annual financial indicators.
III. Auditor’ report
Is the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.Tunghsu Optoelectronic Technology Co. Ltd.
Board Chairman: Wang Lipeng
Issue day approved by the Board of Directors：October 302019
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