Tunghsu Optoelectronic Technology Co. Ltd.The Frist Quarterly Report 2020
April 2020
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. Gu Xuan Person in charge of the Company Mr. Wang Qing Person in charge of accounting works Mr.Wang
Qing 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
This period Same period of last year
Changes of this period-end
over same period-end of last
year(%)
Operating revenue（Yuan） 1030628692.95 3816412812.51 -72.99%
Net assets attributable to the shareholders
of the listed company（Yuan）
-332074298.57 431060886.41 -177.04%
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of
listed company（Yuan）
-354123553.35 396063134.95 -189.41%
Net cash generated from /used in operating
activities（Yuan）
159026281.37 638683628.95 -75.10%
Basic earning per share(Yuan/Share) -0.06 0.08 -175.00%
Diluted gains per share(Yuan/Share) -0.06 0.08 -175.00%
Weighted average return on equity（%） -1.08% 1.32% -2.40%
End of this period End of last period
Changes of this period-end
over same period-end of last
year(%)
Gross assets（Yuan） 70212669842.89 69628320928.19 0.84%
Net assets attributable to the shareholders
of the listed company（Yuan）
30684717024.74 31020123473.81 -1.08%
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
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business
and granted under the state’s policies)
34798415.75
Other non-operating income and expenditure beside for the above -3134773.94
items
Less: Influenced amount of income tax 5998980.39
Amount of influence of minority interests（After tax） 3615406.64
Total 22049254.78 --
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
406749
(including
389995
shareholders
holding A shares
and 16754
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
freeze 915064091
Shijiazhuang
Baoshi
Electronic
Group Co. Ltd.
Domestic Non
-State-owned
legal person
4.82% 276064271 pledge 153520000
Shanghai
Huimao
Domestic Non
-State-owned
4.58% 262626262 262626262 pledge 80000000
Enterprise
Management
Co. Ltd.
legal person
Shenzhen
Taianer
Information
Technology
Co. Ltd.
Domestic Non
-State-owned
legal person
1.07% 61165682 pledge 61165682
Hong Kong
central clearing
company
limited
Foreign legal
person
0.82% 47107537
Kunshan
Development
Zone
State-Owned
Investment
Holding Co.Ltd.State-owned legal
person
0.73% 41838269
China securities
finance co. Ltd
Domestic Non
-State-owned
legal person
0.54% 30906112
Lin Zhengnan
Domestic Natural
person
0.22% 12860000
Mianyang
science and
technology city
development
investment
(group) co. Ltd
Domestic legal
person
0.20% 11380165 pledge 11380000
Ye Yajun Domestic Natural
person
0.17% 10000000
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.
276064271 RMB Common
shares
276064271
Shenzhen Taianer Information
Technology Co. Ltd.
61165682 RMB Common
shares
61165682
Hong Kong Securities Clearing Co.Ltd.
47107537 RMB Common
shares
47107537
Kunshan Development Zone
State-Owned Investment Holding
Co. Ltd.
41838269
RMB Common
shares
41838269
China securities finance co. Ltd
30906112 RMB Common
shares
30906112
Lin Zhengnan
12860800 RMB Common
shares
12860800
Mianyang science and technology
city development investment (group)
co. Ltd
11380165
RMB Common
shares
11380165
Ye Yajun 10000000 RMB Common
shares
10000000
Industrial and Commercial Bank of
China. - huataibairui Csi 300 etf
investment fund
9562353
RMB Common
shares
9562353
Explanation on shareholders
participating in the margin trading
business
Among the top 10 shareholders Shijiazhuang Baoshi Electronics Group Co. Ltd. and
Dongxu Group Co. Ltd. constitute a concerted relationship. The company does not
know whether the other 8 shareholders are related to each other or whether they belong
to the concerted action as stipulated in the Regulations Governing the Purchase of
Public Companies.Participation of top 10 unconditional
common share shareholders in
securities margin trading (if any)
Among the top 10 shareholders Shijiazhuang Baoshi Electronic Group Co. Ltd.
conducted margin financing and short selling business through the customer credit
transaction guarantee securities account of Southwest Securities co. ltd involving
122538600 shares.
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 Operating revenue 1030628692.95 3816412812.51 -72.99% COVID-19 epidemic effects
2 Operating costs 869978952.06 2866380893.72 -69.65% COVID-19 epidemic effects
3 Finance
305954286.63 195587354.83 56.43% The rising cost of financing leads to an
increase in interest charges
4 Other income 76186615.30 105585373.30 -27.84% Reduced government subsidies
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
There is no securities investment during the reporting period.
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
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 312020
In RMB
Items March 302020 December 312019
Current asset：
Cash and bank balances 11282851931.20 11580819578.44
Settlement provision
Outgoing call loan
Transactional financial assets
Derivative financial assets
Notes receivable 28693287.00 34510584.50
Account receivable 11509509617.42 11496500929.28
Financing of receivables 1348226951.15 1712996551.15
Prepayments 10029103942.57 8993206274.68
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 4927587215.26 4831348641.69
Including：Interest receivable 10523223.15 2325948.16
Dividend receivable 11585960.88 11585960.88
Repurchasing of financial assets
Inventories 4407335022.93 4326590183.49
Contract assets 515175866.68
Assets held for sales 119355435.58 119355435.58
Non-current asset due within 1 year
Other current asset 846365626.31 837951546.82
Total of current assets 45014204896.10 43933279725.63
Non-current assets：
Loans and payment on other’s behalf
disbursed
Debt investment
Other investment on bonds
Long-term receivable 298196207.56 306158872.38
Long term share equity investment 2205512222.23 2207456475.75
Other equity instruments investment
Other non-current financial assets 248158605.30 248158605.30
Property investment 687245205.96 695653870.87
Fixed assets 8938139665.75 9075392171.23
Construction in progress 4906903605.17 4856161438.68
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 1049189188.74 1061801667.12
Development expenses 48064594.16 44748355.95
Goodwill 1995588453.44 1995588453.44
Long-germ expenses to be amortized 20758975.64 21707770.53
Deferred income tax asset 426475548.87 430229031.02
Other non-current asset 4374232673.97 4751984490.29
Total of non-current assets 25198464946.79 25695041202.56
Total of assets 70212669842.89 69628320928.19
Current liabilities
Short-term loans 9701654583.03 9807921003.28
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 357023425.42 850447788.10
Account payable 6905882512.89 7007558192.78
Advance receipts 1229191453.92 1652587387.44
Contract Liabilities 1890117383.58
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 173295136.20 206227756.49
Tax payable 287422957.20 339813007.03
Other account payable 3926135794.91 3693138656.67
Including：Interest payable 672290687.17 452834591.96
Dividend payable 66278190.37 66278190.37
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 7922647232.99 7841514464.78
Other current liability 454869410.15 454404004.66
Total of current liability 32848239890.29 31853612261.23
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 2977169601.99 3003722151.74
Bond payable 301145832.60 301145832.60
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable 1038281614.65 1077918138.44
Long-term remuneration payable to
staff
Expected liabilities 124239165.21 124239165.21
Deferred income 702922558.06 713023519.35
Deferred income tax liability 52912208.69 54472480.31
Other non-current liabilities 508000000.00 508000000.00
Total non-current liabilities 5704670981.20 5782521287.65
Total of liability 38552910871.49 37636133548.88
Owners’ equity
Share capital 5730250118.00 5730250118.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 21812136465.66 21812136465.66
Less：Shares in stock 4422320.00 4422320.00
Other comprehensive income -29175.80 -29175.80
Special reserve 25167575.12 28499725.62
Surplus reserves 245507019.95 245507019.95
Common risk provision
Retained profit 2876107341.81 3208181640.38
Total of owner’s equity belong to the
parent company
30684717024.74 31020123473.81
Minority shareholders’ equity 975041946.66 972063905.50
Total of owners’ equity 31659758971.40 31992187379.31
Total of liabilities and owners’ equity 70212669842.89 69928320928.19
Legal representative ：Gu Xuan
Person-in-charge of the accounting work：Wang Qing
Person-in -charge of the accounting organ：Wang Qing
2. Balance sheet of Parent Company
In RMB
Items March 312020 December 312019
Current asset：
Cash and bank balances 4701977737.58 4700601207.82
Transactional financial assets
Derivative financial assets
Notes receivable
Account receivable 236947979.44 236947979.44
Financing of receivables
Prepayments 1366762.61 1033942.61
Other account receivable 11598999959.64 11551051968.51
Including：Interest receivable
Dividend receivable 500000000.00 500000000.00
Inventories 199583388.31 193714314.48
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 148973.38 148973.38
Total of current assets 16739024800.96 16683498386.24
Non-current assets：
Debt investment
Other investment on bonds
Long-term receivable
Long term share equity investment 28376758195.28 28378702448.80
Other equity instruments investment
Other non-current financial assets 129500056.00 129500056.00
Property investment
Fixed assets 141677524.73 145493375.51
Construction in progress
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 8904753.11 8991679.94
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 0.00
Other non-current asset 300000000.00 300000000.00
Total of non-current assets 28956840529.12 28962687560.25
Total of assets 45695865330.08 45646185946.49
Current liabilities
Short-term loans 6507370461.11 6507370461.11
Transactional financial liabilities
Derivative financial liabilities
Notes payable
Account payable 8518058.47 8663754.33
Advance receipts 842498.78 842498.78
Contract Liabilities
Employees’ wage payable 7056903.62 5226344.53
Tax payable 16738341.28 16766064.54
Other account payable 5100019042.78 4861267706.46
Including：Interest payable 651814803.28 426748970.50
Dividend payable 66278190.37 66278190.37
Liabilities held for sales
Non-current liability due within 1 year 6098388482.58 6097417230.96
Other current liability
Total of current liability 17738933788.62 17497554060.71
Non-current liabilities：
Long-term loan 495175833.33 495175833.33
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to
staff
Expected liabilities 54389500.40 54389500.40
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 549565333.73 549565333.73
Total of liability 18288499122.35 18047119394.44
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 -377433293.39 -185732949.07
Total of owners’ equity 27407366207.73 27599066552.05
Total of liabilities and owners’ equity 45695865330.08 45646185946.49
3.Consolidated Income statement of the Report period
In RMB
Items Amount in this period Amount in last period
I. Turnover 1030628692.95 3816412812.51
Including ：Operating income 1030628692.95 3816412812.51
Interest income
Insurance fee earned
Fee and commission received
II. Total operating costs 1419363468.14 3378198668.06
Including ：Operating costs 869978952.06 2866380893.72
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 6931232.92 15926112.39
Sales expense 58517929.55 61858043.90
Administrative expense 129908567.13 141671065.56
R & D expense 48072499.85 96775197.66
Financial expenses 305954286.63 195587354.83
Including：Interest expense 320838751.05 288031321.60
Interest income 16801990.79 -95626567.30
Add：Other income 76186615.30 105585373.30
Investment gain（“-”for loss） -1944253.53 18510790.49
Including: investment gains from
affiliates
-1944253.53 7222622.82
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 -2283096.88
Impairment loss of assets 4550554.80
Assets disposal income
III. Operating profit（“-”for loss） -316775510.30 566860863.04
Add ：Non-operating income 1889059.27 8308090.03
Less: Non-operating expenses 5023833.21 5567209.46
IV. Total profit(“-”for loss) -319910284.24 569601743.61
Less：Income tax expenses 13432307.99 118907014.42
V. Net profit -333342592.23 450694729.19
(I) Classification by business
continuity
1.Net continuing operating profit -333342592.23 450694729.19
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of
parent company
-332074298.57 431060886.41
2.Minority shareholders’ equity -1268293.66 19633842.78
VI. Net after-tax of other comprehensive
income
Net of profit of other comprehensive inco
me attributable to owners of the parent co
mpany.（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.
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. Other comprehensive income arising
from the reclassification of financial
assets
4. Allowance for credit impairments in
investments in other debt obligations
5. Reserve for cash flow hedges
6.Translation differences in currency fina
ncial statements
7.Other
Net of profit of other comprehensive inco
me attributable to Minority shareholders’
equity
VII. Total comprehensive income -333342592.23 450694729.19
Total comprehensive income attributable
to the owner of the parent company
-332074298.57 431060886.41
Total comprehensive income
attributable minority shareholders
-1268293.66 19633842.78
VIII. Earnings per share
（I）Basic earnings per share -0.06 0.08
(II)Diluted earnings per share -0.06 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 0.00.Legal representative ：Gu Xuan
Person-in-charge of the accounting work：Wang Qing
Person-in -charge of the accounting organ ：Wang Qing
4.Income statement of the Parent Company of the Report period
In RMB
Items Amount in this period Amount in last period
I. Revenue 0.00 58425489.32
Including ：Operating costs 0.00 50591128.19
Business tax and surcharge 976888.96 995340.65
Sales expense
Administrative expense 2048746.13 6035848.15
R & D expense 566821.38 879302.46
Financial expenses 186163634.32 56873326.71
Including：Interest expenses 241905411.35 168844922.67
Interest income 55742450.49 112217347.31
Add：Other income
Investment gain（“-”for loss） -1944253.53 7219446.42
Including: investment gains from
affiliates
-1944253.53 7219446.42
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 241.00
Assets disposal income
II. Operating profit（“-”for loss） -191700344.32 -49729769.42
Add ：Non-operating income 730.00
Less：Non -operating expenses
III. Total profit(“-”for loss) -191700344.32 -49729039.42
Less：Income tax expenses
IV. Net profit -191700344.32 -49729039.42
1.Net continuing operating profit -191700344.32 -49729039.42
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. Other comprehensive income arising
from the reclassification of financial
assets
4. Allowance for credit impairments
in investments in other debt obligations
5. Reserve for cash flow hedges
6.Translation differences in currency fin
ancial statements
7.Other
VI. Total comprehensive income -191700344.32 -49729039.42
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
1865598799.57 5076060941.82
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 16301033.04 61166837.37
Other cash received from business
operation
110728411.17 1198893570.39
Sub-total of cash inflow 1992628243.78 6336121349.58
Cash paid for purchasing of
merchandise and services
1373671844.10 4150952638.34
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 216484554.13 299283804.82
Taxes paid 43091758.89 398156980.53
Other cash paid for business activities 200353805.29 849044296.94
Sub-total of cash outflow from
business activities
1833601962.41 5697437720.63
Net cash generated from /used in
operating activities
159026281.37 638683628.95
II. Cash flow generated by investing
Cash received from investment
retrieving
87956080.78
Cash received as investment gains
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 24896582.24 339995038.76
Sub-total of cash inflow due to
investment activities
24896582.24 427975119.54
Cash paid for construction of fixed
assets intangible assets and other
long-term assets
30672489.27 106155263.08
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
activities
75037633.04 446950176.89
Sub-total of cash outflow due to 105710122.31 553105439.97
investment activities
Net cash flow generated by investment -80813540.07 -125130320.43
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment
from minor shareholders
Cash received as loans 358229504.54 2939250000.00
Other financing –related cash received 368397591.89 1082451154.52
Sub-total of cash inflow from financing
activities
726627096.43 4021701154.52
Cash to repay debts 478166532.68 1776368478.34
Cash paid as dividend profit or
interests
52121943.43 352665722.75
Including: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 382377110.65 275139574.98
Sub-total of cash outflow due to
financing activities
912665586.76 2404173776.07
Net cash flow generated by financing -186038490.33 1617527378.45
IV. Influence of exchange rate
alternation on cash and cash
equivalents
-328562.49 -1426795.20
V.Net increase of cash and cash
equivalents
-108154311.52 2129653891.77
Add: balance of cash and cash
equivalents at the beginning of term
8001611170.08 14916637291.04
VI ..Balance of cash and cash
equivalents at the end of term
7893456858.56 17046291182.81
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
Tax returned
Other cash received from business
operation
5236758.45 1013835129.83
Sub-total of cash inflow 5236758.45 1098016584.86
Cash paid for purchasing of
merchandise and services
3805.00 206012.32
Cash paid to staffs or paid for staffs 396108.02 4618891.20
Taxes paid 12178186.23
Other cash paid for business activities 37651.59 657575351.98
Sub-total of cash outflow from
business activities
437564.61 674578441.73
Net cash generated from /used in
operating activities
4799193.84 423438143.13
II. Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
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
Cash paid for construction of fixed
assets intangible assets and other
long-term assets
Cash paid as investment 225300000.00
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
activities
9751759.54 8364163788.74
Sub-total of cash outflow due to
investment activities
9751759.54 8589463788.74
Net cash flow generated by investment -9751759.54 -8589463788.74
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 1130000000.00
Other financing –related ash received 15068278.00 7896851205.51
Sub-total of cash inflow from
financing activities
15068278.00 9026851205.51
Cash to repay debts 322883333.28
Cash paid as dividend profit or
interests
8739182.54 96424046.00
Other cash paid for financing activities
Sub-total of cash outflow due to
financing activities
8739182.54 419307379.28
Net cash flow generated by financing 6329095.46 8607543826.23
IV. Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash
equivalents
1376529.76 441518180.62
Add: balance of cash and cash
equivalents at the beginning of term
4660058550.70 9732302654.23
VI ..Balance of cash and cash
equivalents at the end of term
4661435080.46 10173820834.85
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 revenues and the new standards for lease implemented commencing from year 2020
√ Applicable □ Not applicable
Consolidated balance sheet
In RMB
Items December 31 2019 January 1 2020 Adjustment
Current asset：
Cash and bank balances 11580819578.44 11580819578.44
Notes receivable 34510584.50 34510584.50
account receivable 11496500929.28 11496500929.28
Receivables financing 1712996551.15 1712996551.15
Prepayments 8993206274.68 8993206274.68
Other account receivable 4831348641.69 4831348641.69
Including：Interest
receivable
2325948.16 2325948.16
dividends receivable 11585960.88 11585960.88
Inventories 4326590183.49 3978174408.21 -348415775.28
Contract assets 348415775.28 348415775.28
Held-for-sale assets 119355435.58 119355435.58
Other current assets 837951546.82 837951546.82
Total of current assets 43933279725.63 43933279725.63
Non-current assets：
Long-term receivable 306158872.38 306158872.38
Long term share equity
investment
2207456475.75 2207456475.75
Other equity instruments
investment
248158605.30 248158605.30
Property investment 695653870.87 695653870.87
Fixed assets 9075392171.23 9075392171.23
Construction in progress 4856161438.68 4856161438.68
Intangible assets 1061801667.12 1061801667.12
Development expenses 44748355.95 44748355.95
Goodwill 1995588453.44 1995588453.44
Long-germ expenses to be
amortized
21707770.53 21707770.53
Deferred tax assets 430229031.02 430229031.02
Other non-current asset 4751984490.29 4751984490.29
Total of non-current assets 25695041202.56 25695041202.56
Total of assets 69628320928.19 69628320928.19
Current liabilities
Short-term loans 9807921003.28 9807921003.28
Notes payable 850447788.10 850447788.10
account payable 7007558192.78 7007558192.78
Advance payment 1652587387.44 99359865.10 -1553227522.34
Contract liability 1553227522.34 1553227522.34
Employees’ wage payable 206227756.49 206227756.49
Tax payable 339813007.03 339813007.03
Other account payable 3693138656.67 3693138656.67
Including：Interest payable 452834591.96 452834591.96
dividends receivable 66278190.37 66278190.37
Non-current liability due
within 1 year
7841514464.78 7841514464.78
Other current liability 454404004.66 454404004.66
Total of current liability 31853612261.23 31853612261.23
Non-current liabilities：
Long-term loan 3003722151.74 3003722151.74
Bond payable 301145832.60 301145832.60
Long-term payable 1077918138.44 1077918138.44
Estimated liabilities 124239165.21 124239165.21
Deferred income 713023519.35 713023519.35
Deferred income tax liability 54472480.31 54472480.31
Other non-current liability 508000000.00 508000000.00
Total non-current liabilities 5782521287.65 5782521287.65
Total of liability 37636133548.88 37636133548.88
Owners’ equity
Share capital 5730250118.00 5730250118.00
Capital reserves 21812136465.66 21812136465.66
Less: treasury shares 4422320.00 4422320.00
Other comprehensive income -29175.80 -29175.80
Special reserve 28499725.62 28499725.62
Surplus reserves 245507019.95 245507019.95
Retained profit 3208181640.38 3208181640.38
Total of owner’s equity
belong to the parent company
31020123473.81 31020123473.81
Minority shareholders’ equity 972063905.50 972063905.50
Total of owners’ equity 31992187379.31 31992187379.31
Total of liabilities and
owners’ equity
69628320928.19 69628320928.19
Adjustment statement
The ministry of finance revised and issued the accounting standards for enterprises no. 14 -- revenue (hereinafter
referred to as the "new revenue standards") On July 5 2017. The domestic enterprises will take effect for the new
revenue standards from January 1 2020. This accounting policy change does not involve retroactive adjustments
for previous years.Parent Company Balance Sheet
In RMB
Items December 31 2019 January 1 2020 Adjustment
Current asset：
Cash and bank balances 4700601207.82 4700601207.82
account receivable 236947979.44 236947979.44
Prepayments 1033942.61 1033942.61
Other account receivable 11551051968.51 11551051968.51
Dividend receivable 500000000.00 500000000.00
Inventories 193714314.48 193714314.48
Other current assets 148973.38 148973.38
Total of current assets 16683498386.24 16683498386.24
Non-current assets：
Long term share equity
investment
28378702448.80 28378702448.80
Other equity instruments
investment
129500056.00 129500056.00
Fixed assets 145493375.51 145493375.51
Intangible assets 8991679.94 8991679.94
other non-current assets 300000000.00 300000000.00
Total of non-current assets 28962687560.25 28962687560.25
Total of assets 45646185946.49 45646185946.49
Current liabilities
Short-term loans 6507370461.11 6507370461.11
accounts payable 8663754.33 8663754.33
Prepayments 842498.78 842498.78
Employees’ wage payable 5226344.53 5226344.53
Tax payable 16766064.54 16766064.54
Other account payable 4861267706.46 4861267706.46
Including：Interest payable 426748970.50 426748970.50
dividends payable 66278190.37 66278190.37
Non-current liabilities due
within 1 year
6097417230.96 6097417230.96
Total of current assets 17497554060.71 17497554060.71
Non-current assets：
long-term loan 495175833.33 495175833.33
anticipation liabilities 54389500.40 54389500.40
Total of non-current assets 549565333.73 549565333.73
Total of assets 18047119394.44 18047119394.44
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 -185732949.07 -185732949.07
Total of owners’ equity 27599066552.05 27599066552.05
Total of liabilities and
owners’ equity
45646185946.49 45646185946.49
Adjustment statement
The ministry of finance revised and issued the accounting standards for enterprises no. 14 -- revenue
(hereinafter referred to as the "new revenue standards") On July 5 2017. The domestic enterprises will take effect
for the new revenue standards from January 1 2020. This accounting policy change does not involve retroactive
adjustments for previous years.
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for
revenue and the new standards for lease implemented commencing from year 2020
□Applicable √Not applicable √
III. Auditor’ report
Is the Frist Quarterly Report be audited?
□ Yes √No
The Frist Quarterly report is not audited.Tunghsu Optoelectronic Technology Co. Ltd.
Board Chairman: Gu Xuan
Issue day approved by the Board of Directors：April 302020
沪公网安备31011802005267号
