大华股份: 2024 Q1 Report

Stock Code: 002236                           Stock Abbreviation: Dahua                      Announcement No.: 2024-037
                         Zhejiang Dahua Technology Co., Ltd.
    The Company and all members of the Board of Directors hereby guarantee that the information disclosed herein
is authentic, accurate and complete and free of any false records, misleading statements, or material omissions.
Important Notice:
Company hereby guarantee that the information presented in this quarterly report is authentic, accurate, complete and
free of any false records, misleading statements or material omissions, and they will bear joint and several liability for
such information.
Officer) hereby declare and warrant that the financial statements in the quarterly report are authentic, accurate, and
complete.
□ Yes  No
  This document is a translated version of the Chinese version 2024 Q1 report ("2024 年第一季度报告"),
  and the published 2024 Q1 Report in the Chinese version shall prevail.
I. Key Financial Data
(I). Key Accounting Data and Financial Indicators
Whether the Company needs retroactive adjustment or restatement of accounting data in prior years or not
□ Yes  No
                                                                                                   Increase/Decrease of the
                                   The Current Reporting           The Same Period of Last         Current Reporting Period
                                          Period                           Year                    Compared with the Same
                                                                                                  Period of the Previous Year
 Operating revenue (RMB)                  6,180,916,716.70                  6,015,629,882.58                           2.75%
 Net profit attributable to
 shareholders of the listed                 561,037,985.01                    495,351,177.84                         13.26%
 Company (RMB)
 Net profit attributable to
 shareholders of the listed
 company after deducting                    501,290,511.61                    398,105,107.61                         25.92%
 non-recurring gains and
 losses (RMB)
 Net cash flow generated by
 operational activities                   -1,306,666,360.66                -1,339,410,329.62                          2.44%
 (RMB)
 Basic Earnings per Share
 (RMB/Share)
 Diluted Earnings per Share
 (RMB/Share)
 Weighted Average ROE                                 1.60%                            1.90%                           -0.30%
                                                                                                   Increase/Decrease at the
                                                                                                      End of the Current
                                 At the End of the Current         At the End of the Previous
                                                                                                        Reporting Period
                                      Reporting Period                       Year
                                                                                                   Compared with the End of
                                                                                                       the Previous Year
 Total assets (RMB)                      49,939,916,410.93                52,881,927,214.00                            -5.56%
 Owners' Equity Attributable
 to Shareholders of the
 Listed Company (Unit:
 RMB)
(II) Non-recurring Gains or Losses and Their Amounts
 Applicable □ Not applicable
                                                                                                                  Unit: RMB
                                                                          Amount in the Current Reporting
                                Item                                                                                Note
                                                                                      Period
 Profits or losses from disposal of non-current assets (including
 the write-off for the accrued impairment of assets)
 The government subsidies included in the current profits and
 losses (excluding the government subsidies closely related to
 the Company's regular business operations, in accordance with
 national policies, and received consistently based on established
 criteria, which have a sustained impact on the Company's profits
 and losses).
 Profits and losses resulting from the changes in fair value for                             -40,202,801.15
 financial assets and financial liabilities held by non-financial
 enterprises, and gains/losses from the disposal of financial
 assets and financial liabilities, excluding the effective hedging
 businesses related to the regular business operation of the
 Company.
 Gains or losses from investment or asset management entrusted
                                                                                           -50,772,194.46
 to others
 Reversal of the receivables depreciation reserves for separate
 impairment test
 Non-Operating Revenue and expenses other than the above                                     2,348,690.38
 Other gains and losses items that fit the definition of non-
                                                                                               -57,699.23
 recurring gains and losses
 Less: Impact of income tax                                                                 -7,374,078.68
      Impact of minority equity (after tax)                                                  4,884,178.96
 Total                                                                                      59,747,473.40        --
Other gains or losses that fit the definition of non-recurring gains or losses:
□ Applicable  Not applicable
The Company has no other gains or losses that fit the definition of non-recurring gains or losses.
Note for the definition of non-recurring gains and losses listed in the No. 1 Explanatory Announcement on Information
Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses, as recurring gains
and losses.
□ Applicable  Not applicable
The Company did not define any non-recurring gains and losses listed in the No. 1 Explanatory Announcement on
Information Disclosure for Companies Issuance Their Securities to the Public - Non-recurring gains and losses as
recurring gains and losses.
(III) The Changes in Key Accounting Data and Financial Indicators and the Reasons
 Applicable □ Not applicable
i. The changes of assets and liabilities and the reasons
collection of matured held-for-trading financial assets during the current period.
the current period.
in the amount of treasury bond reverse repurchase transactions at the end of the period compared to the beginning.
borrowings during the current period.
changes in fair value of foreign currency exchange contracts.
distribution of year-end bonus in the current period.
added tax and income tax payable at the end of the current period compared to the beginning of the year.
(II) The changes of items in the income statement and the reasons
increase in net interest income compared to the same period last year and a decrease in foreign exchange losses
compared to the same period last year.
refunded value-added tax for software received during the current period compared to the same period last year.
profits from equity transfers and a decrease in losses from invested companies recognized under the equity method
compared to the same period last year.
in fair value change income from other non-current financial assets compared to the same period last year.
losses from the disposal of non-current assets compared to the same period last year.
(III) The changes of items in the cash flow statement and the reasons
mainly due to an increase in the net funds received from the disposal of subsidiaries and a decrease in capital
expenditures for long-term assets compared to the same period last year.
mainly due to the receipt of raised funds in the same period last year, while the net borrowing receipts and payments
decreased in the current period compared to the same period last year.
II. Information on Shareholders
(I) The total number of common shareholders, the number of preferred shareholders with
restored voting rights and shareholding status of the top 10 shareholders
                                                                                                             Unit: share
 Total Number of Common                              Total Number of Preferred Shareholders (If
 Shareholders at The End of The            173,354 Any) Whose Voting Rights have been                                 0
 Reporting Period                                    Recovered at the End of the Reporting Period
              Shareholding list of top ten shareholders (excluding shares lent through stock pledge repos)
                                                                         Number of       Pledges, markings or freezing
                                          Sharehol
                          Nature of                                     shares held
                                            ding       Number of
 Name of Shareholder     Sharehold                                      with limited      State Of
                                          Percenta     shares held                                         Quantity
                              er                                            sales          Shares
                                           ge (%)
                                                                         conditions
                         Domestic
 Fu Liquan               Natural            31.08%                                      Pledge          198,007,693.00
                                                                 .00                 0
                         Person
                         State-
 China Mobile
                         owned                       293,103,400.0 293,103,400.0 Not
 Communications                              8.90%                                                                 0.00
                         Legal                                     0                 0 applicable.
 Group Co., Ltd.
                         Person
                         Domestic
 Zhu Jiangming           Natural             4.86%                                0.00                             0.00
                         Person
                         Domestic
 Chen Ailing             Natural             2.16% 71,262,813.00 53,447,110.00 Pledge                    31,800,000.00
                         Person
 Wu Jun                  Domestic            2.10% 69,172,886.00 51,879,664.00 Not                                 0.00
                        Natural                                                       applicable.
                        Person
                        Overseas
Hong Kong Securities                                                                  Not
                        Legal             2.06%    67,962,203.00               0.00                            0.00
Clearing Co. Ltd.                                                                     applicable.
                        Person
National Social                                                                       Not
                        Others            1.52%    50,000,000.00               0.00                            0.00
Security Fund 103                                                                     applicable.
                        Domestic
                        Non-state-
China Securities                                                                      Not
                        owned             1.20%    39,611,241.00               0.00                            0.00
Finance Co., Ltd.                                                                     applicable.
                        Legal
                        Person
Foresea Life
Insurance Company
                                                                                      Not
Ltd.－Dividends          Others            0.74%    24,520,824.00               0.00                            0.00
                                                                                      applicable.
Paying Insurance
Product
New China Life
Insurance Company
Ltd.－Conventional－                                                                    Not
                        Others            0.74%    24,321,736.00               0.00                            0.00
Common Insurance                                                                      applicable.
Product-018L-CT001
Shenzhen
                       Shareholding of the top ten shareholders without limited sales condition
                                                                                              Type of shares
                                       Number of shares held without limited sales
       Name of Shareholder                                                               Type of
                                                      condition                                         Quantity
                                                                                         shares
                                                                                      RMB
Fu Liquan                                                          255,967,245.00     common         255,967,245.00
                                                                                      stock
                                                                                      RMB
Zhu Jiangming                                                      159,975,490.00     common         159,975,490.00
                                                                                      stock
                                                                                      RMB
Hong Kong Securities Clearing Co.
Ltd.
                                                                                      stock
                                                                                      RMB
National Social Security Fund 103                                    50,000,000.00    common           50,000,000.00
                                                                                      stock
                                                                                      RMB
China Securities Finance Co., Ltd.                                   39,611,241.00    common           39,611,241.00
                                                                                      stock
Foresea Life Insurance Company                                                        RMB
Ltd.－Dividends Paying Insurance                                      24,520,824.00    common           24,520,824.00
Product                                                                               stock
New China Life Insurance Company
                                                                                      RMB
Ltd.－Conventional－Common
Insurance Product-018L-CT001
                                                                                      stock
Shenzhen
Industrial and Commercial Bank of
                                                                                      RMB
China Limited - Huatai Bairui SSE
                                                                                      stock
Index Securities Investment Fund
                                                                                      RMB
Chen Ailing                                                          17,815,703.00    common          17,815,703.00
                                                                                      stock
Wu Jun                                                               17,293,222.00    RMB             17,293,222.00
                                                                                          common
                                                                                          stock
 Description of the association relationship or        Mr. Fu Liquan and Ms. Chen Ailing are husband and wife. The
 concerted action of above-mentioned                   Company is unaware of whether other shareholders have
 shareholders                                          associated relationship or are persons acting in concert.
 Explanation On Top Ten Shareholders’
                                                       N/A
 Participation In Securities Margin Trading (If Any)
                                                       It is hereby stated that, as of March 31, 2024, the Company's
                                                       securities repurchase account holds 19,819,601 ordinary A shares
 Special Note Regarding Repurchase Accounts            of the Company, representing 0.60% of the total shares
 Among the Top 10 Unrestricted Shareholders            outstanding. As per the requirement, these shares are not
                                                       included in the list of the Company's top 10 unrestricted
                                                       shareholders.
Participation of shareholders with more than 5% ownership, the top 10 shareholders, and the top 10 shareholders of
unrestricted tradable shares in lending out shares under stock pledge repo transactions.
 Applicable □ Not applicable
                                                                                                            Unit: share
  Participation of shareholders with more than 5% ownership, the top 10 shareholders, and the top 10 shareholders of
                 unrestricted tradable shares in lending out shares under stock pledge repo transactions.
                                                                       The total quantity of
                The total quantity of       Shares lent through                                   Shares lent through
                                                                          shares held in
                   shares held in             stock pledge repo                                    stock pledge repo
                                                                      shareholder's ordinary
  Name of      shareholder's ordinary        transactions at the                                transactions at the end
                                                                       accounts and credit
 Sharehold      accounts and credit        beginning of the period                                of the period and not
                                                                      accounts at the end of
   er (full          accounts               and not yet returned                                       yet returned
                                                                            the period
   name)
                             Proportion                 Proportion                 Proportion                Proportion
                 Total                       Total                      Total                     Total
                              to total                   to total                   to total                  to total
                quantity                    quantity                   quantity                  quantity
                              shares                     shares                     shares                    shares
 Industrial
 and
 Commerci
 al Bank of
 China
 Limited -
 Huatai
 Bairui
 SSE 300                         0.45%       146,800         0.00%                     0.74%       23,500        0.00%
 Exchange
 Traded
 Open-
 Ended
 Index
 Securities
 Investmen
 t Fund
Changes in the top 10 shareholders and the top 10 shareholders of unrestricted shares occurred compared to the
previous period due to shares lending/return through stock pledge repo transactions.
□ Applicable  Not applicable
(II) The total number of preferred shareholders and the shareholdings of the top 10 preferred
shareholders
□ Applicable  Not applicable
III. Other Significant Matters
 Applicable □ Not applicable
shareholders' meeting, adjustments were made to the investment amount, raised fund investment amount, internal
investment structure, implementation methods and entities, implementation locations, and project names of the
"Construction Project of Xi'an R&D Center" and the "New project of Southwest R&D Center of Dahua Co., Ltd." For
details, see the "Announcement on Adjusting the Investment Amount, Investment Structure, and Increasing the
Implementation Entity and Implementation Location of Some Fundraising Projects" published on Juchao Information
Network (www.cninfo.com.cn) on Jan.13, 2024.
prospects and recognition of the stock's value, the Company has formulated and disclosed the "Quality and Returns
Enhancement" action plan, fulfilling its social responsibility and building a positive market image. For specific details,
see the announcement titled "Announcement on the Quality and Returns Enhancement Action Plan" disclosed on
February 7, 2024, on the Juchao Information Network.
IV. Quarterly Financial Statements
(I) Financial Statements
Prepared by: Zhejiang Dahua Technology Co., Ltd.
                                                      March 31, 2024
                                                                                                               Unit: RMB
                    Item                               Closing balance                           Opening balance
 Current Assets:
   Cash and Bank Balances                                      14,199,465,868.93                          15,971,005,114.47
   Deposit Reservation for Balance
   Loans to Banks and Other
 Financial Institutions
   Trading Financial Assets                                                                                     1,470,000.00
   Derivative Financial Assets
   Notes receivable                                               767,300,740.03                             813,039,192.75
   Accounts receivable                                         15,378,632,077.18                          16,276,803,954.03
   Receivables Financing                                          814,806,964.89                             810,713,267.86
   Prepayments                                                    198,133,170.20                             189,388,716.99
   Premium Receivable
   Reinsurance Accounts Receivable
   Reinsurance Contract Reserves
 Receivable
   Other Receivables                                              324,274,686.40                             337,524,688.36
     Including: interest receivable
             Dividends Receivable                                                                               5,784,225.02
   Buying Back the Sale of Financial
 Assets
   Inventory                                                    5,543,183,971.99                           5,332,608,544.02
      Where: Data resource
   Contract Assets                                                  99,422,164.65                             86,714,216.34
  Holding for-sale assets
  Non-current Assets Due within 1
Year
  Other Current Assets                     612,350,623.64                       939,374,868.31
Subtotal of Current Assets              38,214,730,374.92                    41,062,096,679.53
Non-current Assets:
  Granting of loans and advances
  Investment in Creditor's Rights
  Investment in Other Creditor's
Rights
  Long-term Receivables                   883,538,394.88                        946,659,309.70
  Long-term Equity Investment             717,303,813.38                        727,453,629.75
  Investment in Other Equity
Instruments
  Other Non-current Financial Assets     1,436,900,926.46                     1,535,742,385.71
  Investment Property                      127,569,047.18                       129,637,004.00
  Fixed Assets                           5,076,482,555.99                     4,937,180,876.88
  Projects under Construction            1,041,535,172.42                     1,008,612,408.49
  Productive Biological Assets
  Oil and gas assets
  Right-of-use Assets                     281,925,992.74                        299,202,586.56
  Intangible Assets                       585,269,015.15                        594,679,018.11
    Where: Data resource
  Development Expenditure
    Where: Data resource
  Goodwill                                   6,615,294.18                         6,615,294.18
  Long-term Deferred Expenses              127,374,070.01                       135,335,273.95
  Deferred Income Tax Assets             1,289,696,865.15                     1,287,903,482.65
  Other Non-current Assets                 150,974,888.47                       210,809,264.49
Subtotal of Non-current Assets          11,725,186,036.01                    11,819,830,534.47
Total assets                            49,939,916,410.93                    52,881,927,214.00
Current Liabilities:
  Short-term loan                         604,352,431.96                        957,426,330.18
  Borrowings from the Central Bank
  Borrowings from Banks and Other
Financial Institutions
  Transactional financial liabilities        2,972,175.04                            61,400.12
  Derivative Financial Liabilities
  Notes Payable                          3,093,718,421.72                     3,296,294,946.26
  Accounts Payable                       4,936,377,348.03                     5,815,123,195.55
  Received Prepayments
  Contract liabilities                   1,151,925,684.82                     1,194,534,307.04
  Financial Assets Sold for
Repurchase
  Deposit Taking and Interbank
Deposit
  Receiving from Vicariously Traded
Securities
  Receiving from Vicariously Sold
Securities
  Payroll payable                         816,040,471.66                      1,933,955,631.12
  Tax Payable                             570,197,239.81                      1,243,482,361.08
  Other Payables                          769,086,904.70                        812,424,146.52
    Including: interest payable
            Dividends Payable              23,667,047.02                         23,667,047.02
  Service Charge and Commission
 Payable
   Reinsurance Accounts Payable
   Holding for-sale liabilities
   Non-current Liabilities Due within 1
 Year
   Other Current Liabilities                                             144,933,483.86                                   155,182,705.02
 Subtotal of Current Liabilities                                      12,817,997,170.47                                16,310,207,051.64
 Non-current Liabilities:
   Insurance Contract Reserves
   Long-term loan
   Bonds Payable
      Including: Preferred Stocks
              Perpetual Bonds
   Lease Liabilities                                                      149,465,124.25                                   176,580,049.57
   Long-term Payables
   Long-term payroll payable
   Expected Liabilities                                                   216,493,715.84                                  224,542,626.90
   Deferred Income                                                        161,337,707.12                                  166,711,673.04
   Deferred Income Tax Liabilities                                          1,002,283.68                                      737,367.19
   Other Non-current Liabilities                                          108,533,117.92                                  119,054,046.66
 Subtotal of Non-current Liabilities                                      636,831,948.81                                  687,625,763.36
 Total Liabilities                                                     13,454,829,119.28                               16,997,832,815.00
 Shareholders' Equity:
   Share Capital                                                        3,294,468,990.00                                3,294,468,990.00
   Other Equity Instruments
      Including: Preferred Stocks
              Perpetual Bonds
   Capital Reserves                                                     7,176,153,592.22                                7,124,125,996.49
   Less: Treasury Share                                                   746,699,863.45                                  746,699,863.45
   Other Comprehensive Incomes                                             66,543,921.21                                   65,993,020.83
   Special Reserves
   Surplus Reserves                                                     1,647,234,495.00                                1,647,234,495.00
   General Risk Reserves
   Undistributed Profits                                              23,895,089,171.56                                23,334,051,186.55
 Total Shareholders' Equity
 Attributable to the Parent Company
   Minority Shareholders' Equity                                       1,152,296,985.11                                 1,164,920,573.58
 Total Shareholders' Equity                                           36,485,087,291.65                                35,884,094,399.00
 Total Liabilities and Shareholders'                                  49,939,916,410.93
 Equity
Legal representative: Fu Liquan   Person in charge of accounting: Xu Qiaofen   Person in charge of the accounting institution: Zhu Zhuling
                                                                                                                                Unit: RMB
                                                    Amount Occurred in the Current                 Amount Occurred in the Previous
                     Item
                                                              Period                                          Period
 I. Total Operating Revenue                                        6,180,916,716.70                               6,015,629,882.58
    Including: Operating Revenue                                   6,180,916,716.70                               6,015,629,882.58
           Interest Income
           Earned Premiums
           Service Charge and
 Commission Income
 II. Total Operating Cost                                               5,849,133,041.74                                5,653,548,465.50
    Including: Operating Cost                                           3,591,954,273.10                                3,457,338,659.40
          Interest Expenditures
       Service Charge and
Commission Expenses
          Surrender Value
          Net Claims Paid
          The Net Amount Withdrawn
for Insurance Liability Reserves
          Policyholder Dividend
Expense
          Reinsurance Cost
          Taxes and Surcharges            44,023,549.81                         46,837,459.40
          Sales Expenses                1,092,762,527.36                       978,997,029.62
          Administration expenses        243,515,288.59                        266,144,460.34
          Research and development
expense
          Financial Expenses              -52,604,010.37                        48,364,747.25
            Including: interest
expenses
                   Interest Income        88,636,919.16                         68,480,455.12
  Add: Other income                       324,111,658.25                       149,138,119.57
       Investment Income (Mark "-"
for Loss)
          Including: Investment
Income from Affiliates and Joint              -61,957.49                       -83,862,265.62
Ventures
                  Profits from
recognition Termination of Financial         -365,236.35                           -74,923.17
Assets at Amortized Cost
      Exchange Gains (Mark "-" for
Losses)
      Profit of Net Exposure
Hedging (Mark "-" for Loss)
       Incomes from changes in fair
                                         -100,469,929.89                       145,744,316.06
value (losses marked with "-")
         Credit Impairment Losses
                                          -35,543,905.05                       -29,328,219.71
(Mark "-" for Loss)
         Asset Impairment Losses
                                          -20,132,322.78                       -17,382,046.88
(Mark "-" for Loss)
         Asset Disposal Income (Mark
"-" for Loss)
III. Operating Profit (Mark "-" for
Loss)
    Add: Non-operating Revenues             3,621,238.09                         3,195,141.31
    Less: Non-operating Expenses            1,516,475.11                         1,039,470.65
IV. Total Profit (Mark "-" for Total
Loss)
    Less: Income Tax Expense              29,586,521.43                         24,043,355.88
V. Net Profit (Mark "-" for Net Loss)    586,237,198.91                        492,961,559.17
    (I) Classified by operation
continuity
(Mark "-" for Net Loss)
Operation (Mark "-" for Net Loss)
   (II) Classified by the attribution of
ownership
Parent Company's Owner
and Loss
VI. Net Amount of Other
Comprehensive Incomes after Tax
   Net Amount of Other
Comprehensive Incomes after Tax
Attributable to the Parent Company's
Owner
      (I) Other comprehensive income
that cannot be reclassified into profit
or loss
the defined benefit plan
income that cannot be transferred to
P/L under the equity method
investment in other equity
instruments
the credit risk of the enterprise
      (II) Other comprehensive income
that will be reclassified as P/L
income that can be transferred to P/L
under the equity method
investment in other creditor's rights
into other comprehensive income
impairment of investment in other
creditor's rights
difference
   Net Amount of Other
Comprehensive Incomes After Tax                -124,063.47                           -88,601.67
Attributable to Minority Shareholders
VII. Total Comprehensive Income             586,664,035.82                       498,187,842.60
   Total Comprehensive Income
Attributable to the Parent Company's        561,588,885.39                       500,666,062.94
Owner
   Total Comprehensive Income
Attributable to Minority Shareholders
VIII. Earnings per Share:
   (I) Basic Earnings per Share                       0.17                                 0.17
    (II) Diluted Earnings per Share                                                    0.17                                             0.17
Legal representative: Fu Liquan   Person in charge of accounting: Xu Qiaofen   Person in charge of the accounting institution: Zhu Zhuling
                                                                                                                         Unit: RMB
                                                    Amount Occurred in the Current                 Amount Occurred in the Previous
                     Item
                                                              Period                                          Period
 I. Cash Flow Generated by
 Operational Activities:
    Cash from Sales of Merchandise
 and Provision of Services
   Net Increase in Customer's Bank
 Deposits and Interbank Deposits
   Net Increase in Borrowings from
 the Central Bank
   Net Increase in Borrowings from
 Other Financial Institutions
   Cash Arising from Receiving
 Premiums for the Original Insurance
 Contract
   Net Amount Arising from
 Reinsurance Business
   Net Increase in Deposits and
 Investments from Policyholders
   Cash Arising from Interests,
 Service Charges and Commissions
   Net Increase in Borrowings from
 Banks and Other Financial
 Institutions
   Net Increase in Repurchase
 Business Funds
    Net Amount of Cash Received
 from the Vicariously Traded
 Securities
    Tax Refund                                                            247,299,856.58                                   331,924,366.01
   Other Received Cashes Related to
 Operational Activities
 Subtotal of cash inflow from
 operational activities
   Cash Paid for Merchandise and
 Services
   Net Increase in Loans and
 Advances to Customers
   Net Increase in Deposits with
 Central Bank and Other Financial
 Institutions
   Cash Paid for Original Insurance
 Contract Claims
   Net increase of funds lent
   Cash Paid for Interests, Service
 Charges and Commissions
  Cash Paid for Policy Dividends
    Cash Paid to and for Employees       2,771,134,201.56                      2,348,672,698.05
    Cash Paid for Taxes and
Surcharges
    Other Paid Cashes Related to
Operational Activities
Subtotal of cash outflow from
operational activities
Net cash flow generated by operating
                                         -1,306,666,360.66                    -1,339,410,329.62
activities
II. Cash Flow from Investment
Activities:
    Cash Arising from Disposal of
Investments
    Cash Arising from Investment
Incomes
    Net Cash Arising from Disposal of
Fixed Assets, Intangible Assets and            271,780.50                          1,871,569.59
Other Long-term Assets
    Net Cash Arising from Disposal of
Subsidiaries and Other Business             73,178,296.48
Units
    Other Received Cashes Related to
Investment Activities
Subtotal of cash inflow from
investment activities
   Cash Paid for Purchase and
Construction of Fixed Assets,
Intangible Assets and Other Long-
term Assets
  Cash Paid for Investments                 23,334,630.75                        198,446,286.75
  Net Increase in Pledge Loans
    Net Cash Paid for Acquisition of
Subsidiaries and Other Business
Units
    Other Paid Cashes Related to
Investment Activities
Subtotal of cash outflows from
investment activities
Net amount of cash flow generated
by investment activities
III. Cash Flow from Financing
Activities:
    Cash Arising from Absorbing
Investments
      Including: Cash Arising from
Subsidiaries Absorbing Investments                                                 6,049,190.36
by Minority Shareholders
    Cash Arising from Borrowings           606,240,500.00                        743,145,876.82
    Other Received Cashes Related to
Financing Activities
Subtotal of cash inflow from financing
activities
  Cash Paid for Debts Repayment          1,144,326,953.83                        368,081,000.00
  Cash Paid for Distribution of
Dividends and Profits or Payment of
 Interests
      Including: Dividends and Profits
 Paid to Minority Shareholders by
 Subsidiaries
    Other Paid Cashes Related to
 Financing Activities
 Subtotal of cash outflow from
 financing activities
 Net cash flow generated by financing
                                                           -627,734,768.31                       5,399,839,193.23
 activities
 IV. Impact of Fluctuation in Exchange
 Rate on Cash and Cash Equivalents
 V. Net Increase in Cash and Cash
                                                         -1,774,086,312.20                       3,973,587,677.13
 Equivalents
    Add: Cash and Cash Equivalents
 at the Commencement of the Period
 VI. Cash and Cash Equivalents at the
 End of the Period
(II) Adjustments to relevant items in the financial statements at the beginning of the year due
to the first implementation of new accounting standards starting in 2024
□ Applicable  Not applicable
(III) Audit Report
Has the first quarter report been audited
□ Yes  No
The report for the first quarter has not been audited.
                                                         Board of Directors of Zhejiang Dahua Technology Co., Ltd.
                                                                                                    Apr. 16, 2024