Tunghsu Optoelectronic Technology Co. Ltd.The First Quarterly Report 2019
April 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 The Company leader Ms.Feng Qiuju Chief financial officer and the Mr.Wang Cang the person
in charge of the accounting department (the person in charge of the accounting )declare: the financial report
carried in this report is authentic and completed
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:
Business merger under the same control.
This period
Same period of last year
Changes of this
period over
same period of
last year（％）
Before adjustment After adjustment After adjustment
Operating income（RMB） 3816412812.51 4665751599.66 4665570392.15 -18.20%
Net profit attributable to the shareholders
of the listed company（RMB）
431060886.41 424438428.17 425984601.17 1.19%
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of
listed company（RMB）
396063134.95 391162587.16 395736897.36 0.08%
Cash flow generated by business operation
net（RMB）
638683628.95 -1127140487.84 -1057540776.02 160.39%
Basic earning per share(RMB/Share) 0.08 0.07 0.07 14.29%
Diluted gains per share(RMB/Share) 0.08 0.07 0.07 14.29%
Weighted average return on equity（%） 1.32% 1.36% 1.37% -0.05%
End of this period
End of last period
Changes of this
period-end over
same period-end
of last year(%)
Before adjustment After adjustment After adjustment
Gross assets（RMB） 72232411541.83 72576122859.60 72576122859.60 -0.47%
Net assets attributable to the shareholders
of the listed company（RMB）
32952747344.61 32521130925.14 32521130925.14 1.33%
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)
11045143.65
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business
and granted under the state’s policies)
25906295.87
Gain/loss on loans obtained by entrusting others 246200.42
Other non-operating income and expenditure beside for the above
items
2740855.07
Less: Influenced amount of income tax 3018604.72
Amount of influence of minority interests（After tax） 1922138.83
Total 34997751.46 --
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
357654(includ
ing 340582
shareholders
holding A shares
and 17072
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 80240722
Minsheng
Royal Fund
Management
Co. Ltd－-Ping
An Bank-Daye
Trust·Zengli 2
single Fund
Trust
Other
1.63% 93363625
Tunghsu
Optoelectronic
Technology
Co. Ltd.－The
first ESOP
Other
1.27% 72639296
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
Zhonghai Trust
Co. Ltd. －
Zhonghai Trust
－ Tunghsu
Optoelectronic
ESOP pooled
Fund trust
Other
0.92% 52555280
Kunshan
Development
Zone
State-Owned
Investment
Holding Co.Ltd.State-owned legal
person
0.77% 43988269
Yang Haihui Domestic Natural
person
0.55% 31767200
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
Minsheng Royal Fund Management
Co. Ltd－-Ping An Bank-Daye
Trust·Zengli 2 single Fund Trust
93363625
RMB Common
shares
93363625
Tunghsu Optoelectronic Technology
Co. Ltd.－The first ESOP
72639296 RMB Common
shares
72639296
Beixin Ruifeng Fund－China
Merchants Bank－Daye Trust－Daye
62095032
RMB Common
62095032
Trust·Profit increase 3 single fund
plan
shares
Shenzhen Taianer Information
Technology Co. Ltd.
61165682 RMB Common
shares
61165682
Zhonghai Trust Co. Ltd. －
Zhonghai Trust － Tunghsu
Optoelectronic ESOP pooled Fund
trust
52555280
RMB Common
shares
52555280
Kunshan Development Zone
State-Owned Investment Holding
Co. Ltd.
43988269
RMB Common
shares
43988269
Yang Haihui 31767200 RMB Common
shares
31767200
Hong Kong Securities Clearing
Co. Ltd.
31386235 RMB Common
shares
31386235
Explanation on shareholders
participating in the margin trading
business
Among the top 10 unrestricted tradable shareholders Shijiazhuang Baoshi Electronics
Group Co. Ltd. and Yang Haihui and Dongxu Group Co. Ltd. among the top 10 share
holders constitute a concerted relationship.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
Financial index
This period
（RMB）
Same period of last
year（RMB）
Increase/decrease（%）
Main reason for change
Prepayments 3931402375.92 5215414219.51 -24.62% The decrease in the current period was mainly due to
the settlement of prepaid materials and construction
funds.Inventories 4504747450.05 3510786666.85 28.31% The increase in inventory is the concentration of
suppliers in the current period and the company has
increased inventory in the second quarter.Other account
payable
2881335938.76 2089603676.60 37.89% The increase in the current period was mainly due to
the increase in related party funds and interest
payable.
Financial index
This period
（RMB）
Same period of last
year（RMB）
Increase/decrease（%）
Main reason for change
Administrative
expense
141671065.56 108880249.34 30.12% Management salary increases new intangible assets
lead to amortization increase in the current period.Other gains 105585373.30 22072399.68 378.36% The substantial increase in this period was mainly due
to the receipt of tax returns from the company during
the period.Net cash flow
arising from
operating activities
638683628.95 -1057540776.02 160.39% The increase in net traffic of operating activities was
mainly due to the strengthening of management and
control of remittances in the current period
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．Prediction of Business performance for January- June 2019
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
□ Applicable √ Not applicable
V. Investment in securities
□ Applicable √ Not applicable
No securities investment in period.VI. Investments 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
The Period has no research communication and written inquiry from the investors in the report period.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.March 312019
In RMB
Items March 312019 December 312018
Current asset：
Cash and bank balances 21868775404.92 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 & account receivable 12875768132.42 14852563398.56
Including： Notes receivable 133966295.17 499781503.17
Account receivable 11759507555.40 14352781895.39
Prepayments 3931402375.92 5215414219.51
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 1365242855.34 1125991020.55
Including：Interest receivable 69727317.64 56811961.67
Dividend receivable
Repurchasing of financial assets
Inventories 4504747450.05 3510786666.85
Contract assets
Assets held for sales 119355435.58 119355435.58
Non-current asset due within 1 year
Other current asset 734372232.99 809360778.49
Total of current assets 45399663887.22 45440565916.70
Non-current assets：
Loans and payment on other’s behalf
disbursed
0.00 0.00
Debt investment
Available for sale of financial assets 243158605.30
Other investment on bonds
Expired investment in possess
Long-term receivable 332695486.12 344430815.68
Long term share equity investment 2181567415.64 2174347969.22
Other equity instruments investment 243158605.30
Other non-current financial assets
Property investment 679225968.15 686993881.02
Fixed assets 10431077361.39 9634463323.77
Construction in progress 4300612597.38 5013941980.61
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 1127906489.92 1146949745.14
Development expenses 44059846.91 37122235.94
Goodwill 2835672586.90 2835672586.90
Long-germ expenses to be amortized 23820063.21 21884204.82
Deferred income tax asset 525019873.64 533094627.68
Other non-current asset 4107931360.05 4463496966.82
Total of non-current assets 26832747654.61 27135556942.90
Total of assets 72232411541.83 72576122859.60
Current liabilities
Short-term loans 9696203233.99 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 & account payable 8250370349.89 10276094132.88
Advance receipts 1386317184.61 1402283662.37
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 171810742.84 238146977.17
Tax payable 435516934.45 817173127.12
Other account payable 2881335938.76 2089603676.60
Including：Interest payable 193564089.90 117554951.58
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Contract Liabilities
Liabilities held for sales
Non-current liability due within 1 year 3513975684.59 3697392864.91
Other current liability 423576078.84 315193128.73
Total of current liability 26759106147.97 27196994221.11
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 2646367000.00 2741589600.00
Bond payable 5633222143.65 5630818825.32
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 2438463569.95 2644309592.95
Long-term remuneration payable to staff
Expected liabilities 99517466.33 99765750.04
Deferred income 652279998.28 676146399.31
Deferred income tax liability 52628771.09 55192983.97
Other non-current liabilities 108000000.00 108000000.00
Total non-current liabilities 11630478949.30 11955823151.59
Total of liability 38389585097.27 39152817372.70
Owners’ equity
Share capital 5730250118.00 5730250118.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 21786851245.71 21786233393.78
Less：Shares in stock 4422320.00 4422320.00
Other comprehensive income -29175.80 -29175.80
Special reserve 12552012.48 12614331.35
Surplus reserves 245507019.95 245507019.95
Common risk provision
Retained profit 5182038444.27 4750977557.86
Total of owner’s equity belong to the
parent company
32952747344.61 32521130925.14
Minority shareholders’ equity 890079099.95 902174561.76
Total of owners’ equity 33842826444.56 33423305486.90
Total of liabilities and owners’ equity 72232411541.83 72576122859.60
Legal Representative: Wang Lipeng Person in charge of accounting：Feng Qiuju Accounting Dept Leader: Wang Cang
2.Parent Company Balance Sheet
In RMB
Items March 31 2019 December 31 2018
Current asset：
Cash and bank balances 10173820834.85 9732302654.23
Transactional financial assets
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Notes receivable & account receivable 92092626.78 176613926.23
Including：Notes receivable 50000.00
Account receivable 92092626.78 176563926.23
Prepayments 2008459.20 2008364.11
Other account receivable 7074837367.78 6281675319.27
Including：Interest receivable 20906186.10 7521489.86
Dividend receivable 500000000.00 500000000.00
Inventories 227280898.35 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 17570189160.34 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 26737254647.31 26504735200.89
Other equity instruments investment 129500056.00
Other non-current financial assets
Property investment
Fixed assets 156864236.65 160867244.63
Construction in progress
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 9252460.43 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 27152836368.24 26924406856.63
Total of assets 44723025528.58 43386915674.80
Current liabilities
Short-term loans 5208000000.00 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 7630771.12 11500796.58
Advance receipts 1580498.78 1991498.78
Contract Liabilities
Employees’ wage payable 4482571.86 4484401.86
Tax payable 16187914.80 17959833.09
Other account payable 4239098935.56 3656725253.66
Including：Interest payable 166840023.32 97197464.99
Dividend payable
Liabilities held for sales
Non-current liability due within 1 year 1410500000.00 1533383333.28
Other current liability
Total of current liability 10887480692.12 9504045117.25
Non-current liabilities：
Long-term loan
Bond payable 5633222143.65 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 5633222143.65 5630818825.32
Total of liability 16520702835.77 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 417523191.69 467252231.11
Total of owners’ equity 28202322692.81 28252051732.23
Total of liabilities and owners’ equity 44723025528.58 43386915674.80
3.Consolidated Income statement
In RMB
Items Report period Same period of the previous year
I. Income from the key business 3816412812.51 4665570392.15
Including：Business income 3816412812.51 4665570392.15
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 3373648113.26 4167464873.10
Including：Business cost 2866380893.72 3677219792.28
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net amount of withdrawal of insurance contract
reserve
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 15926112.39 20764364.68
Sales expense 61858043.90 54605649.37
Administrative expense 141671065.56 108880249.34
R & D costs 96775197.66 92974038.34
Financial expenses 195587354.83 192105024.78
Including：Interest expense 288031321.60 288950916.32
Interest income -95626567.30 -86248410.44
Asset impairment loss -4550554.80 20915754.31
Credit impairment loss
Add：Other income 105585373.30 22072399.68
Investment gain（“-”for loss） 18510790.49 23809013.93
Including: investment gains from affiliates 7222622.82 9885561.86
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Income on disposal of assets
III. Operational profit（“-”for loss） 566860863.04 543986932.66
Add ：Non-operational income 8308090.03 3878016.34
Less: Non-operating expense 5567209.46 1629618.28
IV. Total profit(“-”for loss) 569601743.61 546235330.72
Less：Income tax expenses 118907014.42 114231867.77
V. Net profit 450694729.19 432003462.95
(I) Classification by business continuity
1.Net continuing operating profit 450694729.19 432003462.95
2.Termination of operating net profit
(II) Classification by ownership
Net profit attributable to the owners of parent
company
431060886.41 425984601.17
Minority shareholders’ equity 19633842.78 6018861.78
VI. Net after-tax of other comprehensive income 6061.60
Net of profit of other comprehensive income attri
butable to owners of the parent company.
3333.88
（I）Other comprehensive income items that will
not be reclassified into gains/losses in the
subsequent accounting period
1.Re-measurement of defined benefit plans of ch
anges in net debt or net assets
2.Other comprehensive income under the equity
method investee can not be reclassified into profi
t or loss.
3. Changes in the fair value of investments in
other equity instruments
. Changes in the fair value of the company’s
credit risks
5.Other（II）
Other comprehensive income that will be reclassi
fied into profit or loss.
3333.88
1.Other comprehensive income under the equity
method investee can be reclassified into profit or
loss.
2. Changes in the fair value of investments in
other debt obligations
3.Gains and losses from changes in fair value ava
ilable for sale financial assets
4. Other comprehensive income arising from the
reclassification of financial assets
5.Held-to-maturity investments reclassified to ga
ins and losses of available for sale financial asset
s
6. Allowance for credit impairments in
investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency financial stat
ements
3333.88
9.Other
Net of profit of other comprehensive income attri
butable to Minority shareholders’ equity
2727.72
VII. Total comprehensive income 450694729.19 432009524.55
Total comprehensive income attributable to the
owner of the parent company
431060886.41 425987935.05
Total comprehensive income attributable
minority shareholders
19633842.78 6021589.50
VIII. Earnings per share
（I）Basic earnings per share 0.08 0.07
(II)Diluted earnings per share 0.08 0.07
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 RMB0.00.Legal Representative: Wang Lipeng Person in charge of accounting：Feng Qiuju Accounting Dept Leader: Wang Cang
4. Income statement of the Parent Company
In RMB
Items Report period Same period of the previous year
I. Revenue 58425489.32 50573688.01
Including：Business cost 50591128.19 30911502.36
Business tax and surcharge 995340.65 1031055.02
Sales expense
Administrative expense 6035848.15 7022719.76
R & D costs 879302.46 5165021.73
Financial expenses 56873326.71 106787141.95
Including：Interest expenses 168844922.67 163891082.00
Interest income 112217347.31 57157666.05
Asset impairment loss -241.00
Credit impairment loss
Add：Other income
Investment gain（“-”for loss） 7219446.42 23809013.93
Including: investment gains from
affiliates
7219446.42 9885561.86
Net exposure hedging income
Changing income of fair value
Income on disposal of assets
II. Operational profit（“-”for loss） -49729769.42 -76534738.88
Add ：Non-operational income 730.00 371.41
Less：Non -operational expenses 0.15
III. Total profit(“-”for loss) -49729039.42 -76534367.62
Less：Income tax expenses
IV. Net profit -49729039.42 -76534367.62
1.Net continuing operating profit -49729039.42 -76534367.62
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 -49729039.42 -76534367.62
VII. Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Cash flow statement
In RMB
Items Report period Same period of the previous year
I. Cash flows from operating activities
Cash received from sales of goods or
rending of services
5076060941.82 4573844188.26
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
Net increase of amount from disposal
financial assets that measured by fair
value and with variation reckoned into
current gains/losses
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 61166837.37 28936072.03
Other cash received from business
operation
1198893570.39 676868577.90
Sub-total of cash inflow 6336121349.58 5279648838.19
Cash paid for purchasing of
merchandise and services
4150952638.34 5030947005.57
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 in financial assets held
for trading purposes
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 299283804.82 348304672.37
Taxes paid 398156980.53 262769703.54
Other cash paid for business activities 849044296.94 695168232.73
Sub-total of cash outflow from
business activities
5697437720.63 6337189614.21
Net cash generated from /used in
operating activities
638683628.95 -1057540776.02
II. Cash flow generated by investing
Cash received from investment
retrieving
87956080.78 1200000000.00
Cash received as investment gains 13923452.07
Net cash retrieved from disposal of
fixed assets intangible assets and
other long-term assets
24000.00
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 339995038.76 8227.27
Sub-total of cash inflow due to
investment activities
427975119.54 1213931679.34
Cash paid for construction of fixed
assets intangible assets and other
long-term assets
106155263.08 221643375.29
Cash paid as investment 52099996.00
Net increase of loan against pledge
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
activities
446950176.89 260000000.00
Sub-total of cash outflow due to
investment activities
553105439.97 533743371.29
Net cash flow generated by investment -125130320.43 680188308.05
III.Cash flow generated by financing
Cash received as investment 2000000.00
Including: Cash received as investment
from minor shareholders
Cash received as loans 2939250000.00 1164206756.55
Cash received from bond placing
Other financing –related cash received 1082451154.52 103648950.73
Sub-total of cash inflow from financing
activities
4021701154.52 1269855707.28
Cash to repay debts 1776368478.34 723884505.43
Cash paid as dividend profit or
interests
352665722.75 249936221.30
Including: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 275139574.98 477612499.98
Sub-total of cash outflow due to
financing activities
2404173776.07 1451433226.71
Net cash flow generated by financing 1617527378.45 -181577519.43
IV. Influence of exchange rate
alternation on cash and cash
equivalents
-1426795.20 4861325.08
V.Net increase of cash and cash
equivalents
2129653891.77 -554068662.32
Add: balance of cash and cash
equivalents at the beginning of term
14916637291.04 25457990759.03
VI ..Balance of cash and cash
equivalents at the end of term
17046291182.81 24903922096.71
6. Cash Flow Statement of the Parent Company
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
84181455.03 5521970.00
Tax returned
Other cash received from business
operation
1013835129.83 239806134.59
Sub-total of cash inflow 1098016584.86 245328104.59
Cash paid for purchasing of
merchandise and services
206012.32 834370.85
Cash paid to staffs or paid for staffs 4618891.20 10318166.57
Taxes paid 12178186.23 1579682.56
Other cash paid for business activities 657575351.98 230107073.24
Sub-total of cash outflow from
business activities
674578441.73 242839293.22
Net cash generated from /used in
operating activities
423438143.13 2488811.37
II. Cash flow generated by investing
Cash received from investment
retrieving
1220000000.00
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
Other investment-related cash received
Sub-total of cash inflow due to
investment activities
1898923452.07
Cash paid for construction of fixed
assets intangible assets and other
long-term assets
Cash paid as investment 225300000.00 271040000.00
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
activities
8364163788.74 5720200000.00
Sub-total of cash outflow due to
investment activities
8589463788.74 5991240000.00
Net cash flow generated by investment -8589463788.74 -4092316547.93
III. Cash flow generated by financing
Cash received as investment 0.00 0.00
Cash received as loans 1130000000.00 350000000.00
Cash received from bond placing
Other financing –related ash received 7896851205.51 4263448809.94
Sub-total of cash inflow from
financing activities
9026851205.51 4613448809.94
Cash to repay debts 322883333.28 423883333.34
Cash paid as dividend profit or
interests
96424046.00 95990973.14
Other cash paid for financing activities
Sub-total of cash outflow due to
financing activities
419307379.28 519874306.48
Net cash flow generated by financing 8607543826.23 4093574503.46
IV. Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash
equivalents
441518180.62 3746766.90
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
10173820834.85 11228106003.29
II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year of any New
Standards Governing Financial Instruments Revenue or Leases
√ Applicable □ Not applicable
Consolidated balance sheet
In RMB
Items December 31 2018 January 1 2019 Adjustment
Current asset：
Cash and bank balances 19807094397.16 19807094397.16
Notes receivable & account
receivable
14852563398.56 14852563398.56
Including：Notes receivable 499781503.17 499781503.17
Notes receivable 14352781895.39 14352781895.39
Prepayments 5215414219.51 5215414219.51
Other account receivable 1125991020.55 1125991020.55
Including：Interest
receivable
56811961.67 56811961.67
Inventories 3510786666.85 3510786666.85
Held-for-sale assets 119355435.58 119355435.58
Other current assets 809360778.49 809360778.49
Total of current assets 45440565916.70 45440565916.70
Non-current assets：
发放贷款和垫款 0.00
Available-for-sale financial
assets
243158605.30 Not applicable -243158605.30
Long-term receivable 344430815.68 344430815.68
Long term share equity
investment
2174347969.22 2174347969.22
Other equity instruments
investment
Not applicable 243158605.30 243158605.30
Property investment 686993881.02 686993881.02
Fixed assets 9634463323.77 9634463323.77
Construction in progress 5013941980.61 5013941980.61
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 tax assets 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
Notes payable & account
payable
10276094132.88 10276094132.88
Advance payment 1402283662.37 1402283662.37
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
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：
Long-term loan 2741589600.00 2741589600.00
Bond payable 5630818825.32 5630818825.32
Long-term payable 2644309592.95 2644309592.95
Estimated liabilities 99765750.04 99765750.04
Deferred income 676146399.31 676146399.31
Deferred income tax liability 55192983.97 55192983.97
Other non-current liability 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
Capital reserves 21786233393.78 21786233393.78
Less: treasury shares 4422320.00 4422320.00
Other comprehensive income -29175.80 -29175.80
Special reserve 12614331.35 12614331.35
Surplus reserves 245507019.95 245507019.95
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
The new financial standard was implemented on January 1 2019. According to the new financial instrument standard
the ending of the 2018 statement available-for-sale financial assets was adjusted to other equity instrument
investments at the beginning of 2019.Parent Company Balance Sheet
In RMB
Items December 31 2018 January 1 2019 Adjustment
Current asset：
Cash and bank balances 9732302654.23 9732302654.23
Notes receivable &
account receivable
176613926.23 176613926.23
Including：Notes receivable 50000.00 50000.00
Account receivable 176563926.23 176563926.23
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
Other current assets 148973.38 148973.38
Total of current assets 16462508818.17 16462508818.17
Non-current assets：
Available-for-sale financial
assets
129500056.00 Not applicable -129500056.00
Long term share equity
investment
26504735200.89 26504735200.89
Other equity instruments
investment
Not applicable 129500056.00 129500056.00
Fixed assets 160867244.63 160867244.63
Intangible assets 9339387.26 9339387.26
Deferred income tax assets 119964967.85 119964967.85
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
Notes payable & 11500796.58 11500796.58
Account payable
Prepayments 1991498.78 1991498.78
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
Non-current liabilities due
within 1 year
1533383333.28 1533383333.28
Total of current assets 9504045117.25 9504045117.25
Non-current assets：
Bond payable 5630818825.32 5630818825.32
Total of non-current assets 5630818825.32 5630818825.32
Total of assets 15134863942.57 15134863942.57
Owners’ equity
Share capital 5730250118.00 5730250118.00
Capital reserves 21832453907.50 21832453907.50
Less: treasury shares 4422320.00 4422320.00
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
The new financial standard was implemented on January 1 2019. According to the new financial instrument standard
the ending of the 2018 statement available-for-sale financial assets was adjusted to other equity instrument
investments at the beginning of 2019.
2. Retrospective Restatement of Previous Comparative Data due to the First Execution of any New
Standards Governing Financial Instruments or Leases
√ Applicable □Not applicable
Beginning January 1 2019 the company began to implement the new financial instrument guidelines but does not
involve data adjustment during the comparative period of the income statement.III. Auditor’ report
Is the First Quarterly Report be audited?
□ Yes √No
The First Quarterly report is not audited.Tunghsu Optoelectronic Technology Co. Ltd.
Board Chairman: Wang Lipeng
Issue day approved by the Board of Directors：April 292019
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