Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.
*
FIRST QUARTERLY REPORT 2021
- IMPORTANT NOTICE
- The board of directors, the supervisory committee, the directors, supervisors and senior management members of the Company warrant that the information contained in this quarterly report is true, accurate, and complete without any false and misleading statements or material omissions, and severally and jointly accept legal responsibility for the above.
- All Directors attended the Board meeting to consider this quarterly report of the Company.
- Zhang Chong, person-in-charge of the Company, Ma Yan, person-in-charge of accounting, and Chen Jing, person-in-charge of accounting institution (head of accounting department), warrant that the financial statements in this quarterly report are true, accurate and complete.
- This first quarterly report of the Company is unaudited.
- 1 -
- BASIC INFORMATION OF THE COMPANY 2.1 Major Financial Data
Unit: yuan Currency: RMB | |||
Increase/decrease | |||
at the end of the | |||
reporting period as | |||
compared with the | |||
At the end of the | At the end of | end of the previous | |
reporting period | the previous year | year | |
(%) | |||
Total assets | 5,880,536,551.76 | 5,604,575,811.17 | 4.92 |
Net assets attributable to shareholders of the | |||
Company | 1,767,288,632.68 | 1,626,578,221.81 | 8.65 |
From beginning of | |||
From beginning | the previous year | ||
of the year to | to the end of the | ||
the end of the | reporting period of | Year-on-year | |
reporting period | the previous year | increase/decrease | |
(%) | |||
Net cash flows from operating activities | 37,336,075.86 | -37,488,584.74 | 199.59 |
From beginning of | |||
From beginning | the previous year | ||
of the year to | to the end of the | ||
the end of the | reporting period of | Year-on-year | |
reporting period | the previous year | increase/decrease | |
(%) | |||
Operating income | 794,337,982.90 | 403,689,173.77 | 96.77 |
Net profit attributable to shareholders of the | |||
Company | 140,710,410.87 | 3,073,119.02 | 4,478.75 |
Net profit attributable to shareholders of the | |||
Company after deducting extraordinary | |||
profit or loss | 136,026,866.05 | 187,441.61 | 72,470.26 |
Weighted average return on net assets (%) | Increased by 8.05 | ||
8.29 | 0.24 | percentage points | |
Basic earnings per share (RMB/share) | 0.2565 | 0.0056 | 4,480.36 |
Diluted earnings per share (RMB/share) | 0.2565 | 0.0056 | 4,480.36 |
- 2 -
Extraordinary Items and Amounts | |||
Unit: yuan Currency: RMB | |||
Amount for | |||
the reporting | |||
Items | period Explanation | ||
Gain or loss from disposal of non-current | |||
assets | -147,827.66 | ||
Government grants credited to current | |||
profit or loss, except for those which are | |||
closely related to the Company's ordinary | |||
business, in accordance with national | |||
policies and continuously received in | |||
certain standard amounts and quantities | 5,932,246.80 | ||
Custody fee income from entrusted operation | 283,018.89 | ||
Other non-operating income and expenses | |||
excluding the aforesaid items | 34,855.57 | ||
Effect of minority interests (after tax) | -41,904.15 | ||
Effect of income tax | -1,376,844.63 | ||
Total | 4,683,544.82 | ||
- 3 -
2.2 Total number of shareholders, shareholdings of top 10 shareholders and top 10 holders of circulating shares (or holders of shares not subject to trading moratorium) as at the end of the reporting period
Unit: Share | ||||||
Total number of shareholders | 41,471 | |||||
shareholders (including 41,433 holders of | ||||||
A shares and 38 holders of H shares) | ||||||
Shareholdings of the top 10 shareholders | ||||||
Number of | Number | |||||
shares held as | of shares | |||||
at the end of | held subject | Pledged or frozen | ||||
the reporting | Shareholding | to trading | Status of | |||
Name of shareholders (full name) | period | percentage | moratorium | shares | Number | Nature of shareholder |
(%) | ||||||
HKSCC NOMINEES LIMITED | 249,018,699 | 45.40 | 0 | Unknown | Overseas legal person | |
China Luoyang Float Glass (Group) | 111,195,912 | 20.27 | 6,177,670 | Pledged | 55,597,956 | State-owned legal person |
Company Limited | ||||||
(CNBM) Bengbu Design & Research | 70,290,049 | 12.81 | 1,290,049 | Nil | State-owned legal person | |
Institute for Glass Industry | ||||||
Co., Ltd. | ||||||
Triumph Science & Technology | 6,170,699 | 1.12 | 6,170,699 | Nil | State-owned legal person | |
Co., Ltd. | ||||||
Anhui Huaguang Photoelectricity | 3,477,327 | 0.63 | 3,477,327 | Nil | State-owned legal person | |
Materials Technology Group Co., | ||||||
Ltd. | ||||||
Hefei Gaoxin Development and | 1,853,300 | 0.34 | 0 | Nil | State-owned legal person | |
Investment Group Company* | ||||||
Yixing Environmental Technology | 1,542,674 | 0.28 | 1,542,674 | Nil | State-owned legal person | |
Innovation Venture Investment Co., | ||||||
Ltd.* | ||||||
Wang Hejun (王賀軍) | 1,513,400 | 0.28 | 0 | Unknown | Domestic natural person | |
Qinhuangdao Hongxing Iron & Steel | 1,356,400 | 0.25 | 0 | Unknown | Domestic non-state- | |
Co., Ltd. (秦皇島宏興鋼鐵 | owned legal person | |||||
有限公司) | ||||||
Hong Kong Securities Clearing | 1,310,368 | 0.24 | 0 | Unknown | Overseas legal person | |
Company Limited |
- 4 -
Shareholdings of the top 10 holders of shares
not subject to trading moratorium
Number of circulating | |||
shares held not subject | Class and number of shares | ||
Name of shareholders | to trading moratorium | Class | Number |
HKSCC NOMINEES LIMITED | 249,018,699 | Overseas listed foreign | 249,018,699 |
shares | |||
China Luoyang Float Glass (Group) Company | 105,018,242 | Ordinary shares | 105,018,242 |
Limited | denominated in RMB | ||
(CNBM) Bengbu Design & Research Institute for | 69,000,000 | Ordinary shares | 69,000,000 |
Glass Industry Co., Ltd. | denominated in RMB | ||
Hefei Gaoxin Development and Investment Group | 1,853,300 | Ordinary shares | 1,853,300 |
Company* | denominated in RMB | ||
Wang Hejun (王賀軍) | 1,513,400 | Ordinary shares | 1,513,400 |
denominated in RMB | |||
Qinhuangdao Hongxing Iron & Steel Co., Ltd. | 1,356,400 | Ordinary shares | 1,356,400 |
(秦皇島宏興鋼鐵有限公司) | denominated in RMB | ||
Hong Kong Securities Clearing Company Limited | 1,310,368 | Ordinary shares | 1,310,368 |
Wang Qingguo (王慶國) | denominated in RMB | ||
686,700 | Ordinary shares | 686,700 | |
Wang Aijun (王愛軍) | denominated in RMB | ||
648,900 | Ordinary shares | 648,900 | |
Peng Shunying (彭順英) | denominated in RMB | ||
569,600 | Ordinary shares | 569,600 | |
denominated in RMB | |||
Explanation on connected relationship or | Among the top 10 shareholders of the Company, China Luoyang Float | ||
parties acting in concert among the aforesaid | Glass (Group) Company Limited, (CNBM) Bengbu Design & Research | ||
shareholders | Institute for Glass Industry Co., Ltd., Anhui Huaguang Photoelectricity | ||
Materials Technology Group Co., Ltd., and Triumph Science & | |||
Technology Co., Ltd. are related parties or persons acting in concert as | |||
defined under the Regulations for Disclosure of Changes in Shareholding | |||
of Listed Companies (上市公司股東持股變動信息披露管理辦法). | |||
The Company is not aware of any parties acting in concert or any related | |||
relationship among other holders of circulating shares. | |||
Explanations on preferential shareholders with | None | ||
voting rights restored and the number of shares | |||
held |
Notes: 1. Shares held by HKSCC NOMINEES LIMITED are held on behalf of its various customers.
2. The ordinary shares dominated in Renminbi held by Hong Kong Securities Clearing Company Limited are held on behalf of overseas investors who held these shares via Northbound Trading in the Shanghai-Hong Kong Stock Connect.
- 5 -
2.3 Total number of holders of preferential shares, shareholdings of top 10 holders of preferential shares and top 10 holders of preferential shares not subject to trading moratorium as at the end of the reporting period
Applicable | ✓ | Not applicable |
- SIGNIFICANT EVENTS
3.1 Details of and reasons for material changes in the major financial statement items and financial indicators of the Company
Analysis of changes in relevant items in the income statement and cash flow statement
Unit: RMB | ||||
Amount for | ||||
Amount for | the same | |||
Item | current period | period last year | Change | Analysis of reasons for the change |
(%) | ||||
Operating revenue | 794,337,982.90 | 403,689,173.77 | 96.77 | The increase in revenue due to a year-on- |
year increase in production and sales | ||||
volume during the reporting period | ||||
Operating costs | 459,395,380.14 | 294,868,490.39 | 55.80 | The increase in costs due to a year-on- |
year increase in production and sales | ||||
volume during the reporting period | ||||
Taxes and surcharges | 11,264,693.39 | 6,016,610.28 | 87.23 | The increase in value-added taxes and |
relevant additional taxes due to a year- | ||||
on-year increase in revenue during the | ||||
reporting period | ||||
Selling expenses | 20,596,189.80 | 14,916,634.56 | 38.08 | The increase in freight charge due to a |
year-on-year increase in sales during | ||||
the reporting period | ||||
Administrative expenses | 36,585,066.15 | 27,320,974.10 | 33.91 | The year-on-year increase in the payment |
of employee compensation and others | ||||
during the reporting period | ||||
Research and | 54,911,438.15 | 15,134,144.68 | 262.83 | The year-on-year increase in input in |
development expenses | research and development during the | |||
reporting period | ||||
Other income | 6,862,954.49 | 3,097,753.62 | 121.55 | The year-on-year increase in government |
grants included in profit and loss | ||||
during the reporting period |
- 6 -
Amount for | ||||
Amount for | the same | |||
Item | current period | period last year | Change | Analysis of reasons for the change |
(%) | ||||
Investment income | -5,605,564.38 | -716,518.73 | 682.33 | The year-on-year increase in loss from |
de-recognition of accounts receivable | ||||
financing during the reporting period | ||||
Income tax expenses | 31,576,425.79 | 6,492,071.94 | 386.38 | The year-on-year increase in taxable |
profits during the reporting period | ||||
Net cash flow from | 37,336,075.86 | -37,488,584.74 | 199.59 | The year-on-year increase in cash |
operating activities | received from sales of goods during the | |||
reporting period | ||||
Net cash flow from | -3,460,623.13 | -11,412,280.82 | 69.68 | The year-on-year decrease in cash |
investment activities | expenditure invested in the fixed assets | |||
during the reporting period | ||||
Net cash flow from | 295,823,995.99 | 134,008,524.74 | 120.75 | The year-on-year increase in net amount |
financing activities | of financing during the reporting | |||
period |
- 7 -
Analysis of changes in relevant items of balance sheet
Unit: RMB | ||||
Amount at | ||||
Amount at the | the beginning | |||
Item | end of the period | of the period | Change | Analysis of reasons for the change |
(%) | ||||
Bank balance and cash | 631,656,328.29 | 300,948,343.56 | 109.89 | The increase in financing during the |
reporting period | ||||
Notes receivable | 102,441,393.68 | -100.00 | The decrease in settlement of commercial | |
acceptance bills during the reporting | ||||
period | ||||
Inventories | 426,931,955.04 | 257,598,620.68 | 65.74 | The increase in inventories during the |
reporting period | ||||
Construction in progress | 121,044,683.11 | 54,472,785.67 | 122.21 | The increase in input in engineering |
projects during the reporting period | ||||
Development | 18,411,007.29 | 14,096,615.36 | 30.61 | The increase input in capitalization of |
expenditures | R&D during the reporting period | |||
Other non-current assets | 53,185,066.68 | 33,523,206.41 | 58.65 | The increase in prepayments for projects |
during the reporting period | ||||
Contract liabilities | 62,520,941.80 | 38,214,732.27 | 63.60 | The increase in trade accounts collected |
in advance during the reporting period | ||||
Employee compensation | 23,671,813.79 | 38,978,819.73 | -39.27 | Payment of employee compensation |
payable | accrued at the end of the previous year | |||
during the reporting period | ||||
Taxes payable | 74,344,446.14 | 116,355,071.70 | -36.11 | Payment of taxes accrued at the end of |
the previous year during the reporting | ||||
period |
3.2 Analysis and explanation of progress and impact of significant events and their solutions
Applicable | ✓ | Not applicable |
3.3 Overdue undertakings not fully performed during the reporting period
Applicable | ✓ | Not applicable |
3.4 The warning of projection on cumulative net profit for the period from the beginning of the year to the end of the next reporting period to be at a loss or expected to have material changes as compared to the corresponding period of prior year and its explanation
Applicable | ✓ | Not applicable |
- 8 -
IV. APPENDIX
4.1 Financial Statements
Consolidated Balance Sheet
31 March 2021
Prepared by: Luoyang Glass Company Limited*
Unit: yuan | Currency: RMB Type of audit: unaudited | |||
Item | 31 March 2021 31 December 2020 | |||
Current assets: | ||||
Bank balance and cash | 631,656,328.29 | 300,948,343.56 | ||
Notes receivable | 102,441,393.68 | |||
Accounts receivable | 461,059,317.60 | 637,911,162.29 | ||
Accounts receivable financing | 466,689,384.37 | 448,697,313.21 | ||
Prepayments | 135,702,755.04 | 142,259,523.11 | ||
Other receivables | 13,600,232.73 | 17,023,855.78 | ||
Inventories | 426,931,955.04 | 257,598,620.68 | ||
Other current assets | 67,289,193.24 | 55,139,885.94 | ||
Total current assets | 2,202,929,166.31 | 1,962,020,098.25 | ||
Non-current assets: | ||||
Long-term receivables | 55,000,000.00 | 55,000,000.00 | ||
Fixed assets | 3,016,461,560.16 | 3,068,216,734.33 | ||
Construction in progress | 121,044,683.11 | 54,472,785.67 | ||
Right-of-use assets | 11,623,342.72 | 12,259,657.09 | ||
Intangible assets | 389,514,452.03 | 392,925,010.51 | ||
Development expenditures | 18,411,007.29 | 14,096,615.36 | ||
Long-term deferred expenses | 1,908,794.18 | 1,595,431.43 | ||
Deferred income tax assets | 10,458,479.28 | 10,466,272.12 | ||
Other non-current assets | 53,185,066.68 | 33,523,206.41 | ||
Total non-current assets | 3,677,607,385.45 | 3,642,555,712.92 | ||
Total assets | 5,880,536,551.76 | 5,604,575,811.17 | ||
- 9 -
Item | 31 March 2021 31 December 2020 | ||
Current liabilities: | |||
Short-term borrowings | 1,391,176,021.01 | 1,177,314,071.56 | |
Notes payable | 428,312,579.20 | 465,733,722.37 | |
Accounts payable | 367,253,448.87 | 428,756,037.46 | |
Contract liabilities | 62,520,941.80 | 38,214,732.27 | |
Employee compensation payable | 23,671,813.79 | 38,978,819.73 | |
Taxes payable | 74,344,446.14 | 116,355,071.70 | |
Other payables | 755,730,468.77 | 764,011,526.81 | |
Non-current liabilities due within | |||
one year | 110,955,114.00 | 137,330,815.42 | |
Other current liabilities | 7,279,287.69 | 4,888,222.00 | |
Total current liabilities | 3,221,244,121.27 | 3,171,583,019.32 | |
Non-current liabilities: | |||
Long-term borrowings | 594,063,924.00 | 524,063,924.00 | |
Lease liabilities | 9,343,583.61 | 9,238,598.97 | |
Deferred income | 104,050,426.95 | 104,408,642.44 | |
Total non-current liabilities | 707,457,934.56 | 637,711,165.41 | |
Total Liabilities | 3,928,702,055.83 | 3,809,294,184.73 | |
- 10 -
Item | 31 March 2021 31 December 2020 | ||||
Owners' equity | |||||
(or shareholders' equity): | |||||
Paid-in capital (or share capital) | 548,540,432.00 | 548,540,432.00 | |||
Capital reserve | 1,982,394,841.30 | 1,982,394,841.30 | |||
Surplus reserve | 51,365,509.04 | 51,365,509.04 | |||
Undistributed profit | -815,012,149.66 | -955,722,560.53 | |||
Total owners' equity attributable | |||||
to owners of the Company (or | |||||
shareholders' equity) | 1,767,288,632.68 | 1,626,578,221.81 | |||
Minority interests | 184,545,863.25 | 168,703,404.63 | |||
Total owners' equity (or | |||||
shareholders' equity) | 1,951,834,495.93 | 1,795,281,626.44 | |||
Total liabilities and owners' equity | |||||
(or shareholders' equity) | 5,880,536,551.76 | 5,604,575,811.17 | |||
Person-in-charge of the | Person-in-charge of | Person-in-charge of | |||
Company: | accounting: | accounting institution: | |||
Zhang Chong | Ma Yan | Chen Jing |
- 11 -
Balance Sheet of the Company
31 March 2021
Prepared by: Luoyang Glass Company Limited*
Unit: yuan | Currency: RMB Type of audit: unaudited | |||
Item | 31 March 2021 31 December 2020 | |||
Current assets: | ||||
Bank balance and cash | 282,407,299.05 | 125,309,146.98 | ||
Notes receivable | 25,000,000.00 | 25,000,000.00 | ||
Accounts receivable | 157,892,036.51 | 172,104,965.11 | ||
Accounts receivable financing | 12,971,449.46 | 11,328,409.13 | ||
Prepayments | 38,083.87 | 23,779.73 | ||
Other receivables | 503,302,067.54 | 489,264,423.62 | ||
Inventories | 533,083.94 | 3,100,908.52 | ||
Other current assets | 1,512,947.80 | |||
Total current assets | 983,656,968.17 | 826,131,633.09 | ||
Non-current assets: | ||||
Long-term receivables | 55,000,000.00 | 55,000,000.00 | ||
Long-term equity investment | 1,886,146,638.35 | 1,886,146,638.35 | ||
Fixed assets | 2,111,150.58 | 2,174,833.48 | ||
Intangible assets | 5,455,165.87 | 5,511,212.08 | ||
Total non-current assets | 1,948,712,954.80 | 1,948,832,683.91 | ||
Total assets | 2,932,369,922.97 | 2,774,964,317.00 | ||
- 12 -
Item | 31 March 2021 31 December 2020 | ||
Current liabilities: | |||
Short-term borrowings | 504,485,573.07 | 394,007,666.58 | |
Notes payable | 44,359,421.12 | 45,877,926.40 | |
Accounts payable | 35,323,168.02 | 49,075,335.55 | |
Contract liabilities | 35,608,104.75 | 12,260,748.25 | |
Employee compensation payable | 4,642,136.14 | 8,074,804.47 | |
Taxes payable | 182,275.18 | 2,253,865.09 | |
Other payables | 846,255,508.98 | 791,861,472.98 | |
Non-current liabilities due within | |||
one year | 32,421,609.15 | 42,422,967.95 | |
Other current liabilities | 4,629,053.62 | 1,593,897.27 | |
Total current liabilities | 1,507,906,850.03 | 1,347,428,684.54 | |
Non-current liabilities: | |||
Long-term borrowings | 238,000,000.00 | 228,000,000.00 | |
Total non-current liabilities | 238,000,000.00 | 228,000,000.00 | |
Total Liabilities | 1,745,906,850.03 | 1,575,428,684.54 | |
- 13 -
Item | 31 March 2021 31 December 2020 | ||||
Owners' equity (or shareholders' | |||||
equity): | |||||
Paid-in capital (or share capital) | 548,540,432.00 | 548,540,432.00 | |||
Capital reserve | 1,961,847,553.30 | 1,961,847,553.30 | |||
Surplus reserve | 51,365,509.04 | 51,365,509.04 | |||
Undistributed profit | -1,375,290,421.40 | -1,362,217,861.88 | |||
Total owners' equity (or | |||||
shareholders' equity) | 1,186,463,072.94 | 1,199,535,632.46 | |||
Total liabilities and owners' equity | |||||
(or shareholders' equity) | 2,932,369,922.97 | 2,774,964,317.00 | |||
Person-in-charge of the | Person-in-charge of | Person-in-charge of | |||
Company: | accounting: | accounting institution: | |||
Zhang Chong | Ma Yan | Chen Jing |
- 14 -
Consolidated Income Statement
January-March 2021
Prepared by: Luoyang Glass Company Limited*
Unit: yuan | Currency: RMB Type of audit: unaudited | |||
Item | First quarter of 2021 | First quarter of 2020 | ||
I. | Total operating revenue | 794,337,982.90 | 403,689,173.77 | |
Including: Operating revenue | 794,337,982.90 | 403,689,173.77 | ||
II. | Total operating costs | 609,227,817.96 | 386,956,237.69 | |
Including: Operating costs | 459,395,380.14 | 294,868,490.39 | ||
Taxes and surcharges | 11,264,693.39 | 6,016,610.28 | ||
Selling expenses | 20,596,189.80 | 14,916,634.56 | ||
Administrative expenses | 36,585,066.15 | 27,320,974.10 | ||
R&D expenses | 54,911,438.15 | 15,134,144.68 | ||
Finance expenses | 26,475,050.33 | 28,699,383.68 | ||
Including: Interest expenses | 27,147,204.13 | 26,203,153.54 | ||
Interest income | 713,052.48 | 605,212.06 | ||
Add: | Other income | 6,862,954.49 | 3,097,753.62 | |
Investment income (losses | ||||
are represented by "-") | -5,605,564.38 | -716,518.73 | ||
Impairment losses on credit | ||||
(losses are represented by | ||||
"-") | 1,909,067.89 | 182,448.13 | ||
Impairment losses on assets | ||||
(losses are represented by | ||||
"-") | 127,887.48 | |||
Gains on disposal of assets | ||||
(losses are represented by | ||||
"-") | 38,275.82 | 12,438.78 | ||
III. Operating profit (loss is represented | ||||
by "-") | 188,314,898.76 | 19,436,945.36 | ||
Add: Non-operating income | 500.00 | |||
Less: Non-operating expense | 186,103.48 | 5,000.00 | ||
IV. Total profit (total loss is represented | ||||
by "-") | 188,129,295.28 | 19,431,945.36 | ||
Less: Income tax expenses | 31,576,425.79 | 6,492,071.94 |
- 15 -
Item | First quarter of 2021 | First quarter of 2020 |
V. Net profit (net loss is represented | ||
by "-") | 156,552,869.49 | 12,939,873.42 |
- Classified on a going concern basis
1. Net profit from continuing
operation (Net loss is | ||
represented by "-") | 156,552,869.49 | 12,939,873.42 |
2. Net profit from discontinued operation (Net loss is represented by "-")
-
Classified by ownership
1. Net profit attributable to
the shareholders of the | ||
Company (Net loss is | ||
represented by "-") | 140,710,410.87 | 3,073,119.02 |
2. Profit or loss attributable to | ||
minority interests (Net loss | ||
is represented by "-") | 15,842,458.62 | 9,866,754.40 |
VI. Other comprehensive income, net of tax
- Other comprehensive income net of tax attributable to owners of the
Company
- Other comprehensive income net of tax attributable to minority interests
VII. Total comprehensive income | 156,552,869.49 | 12,939,873.42 |
- Total comprehensive income attributable to owners of the
Company | 140,710,410.87 | 3,073,119.02 | ||
(II) Total comprehensive income | ||||
attributable to minority interests | 15,842,458.62 | 9,866,754.40 | ||
VIII. Earnings per share: | ||||
(I) Basic earnings per share | ||||
(RMB/share) | 0.2565 | 0.0056 | ||
(II) Diluted earnings per share | ||||
(RMB/share) | 0.2565 | 0.0056 | ||
Person-in-charge of the | Person-in-charge of | Person-in-charge of | ||
Company: | accounting: | accounting institution: | ||
Zhang Chong | Ma Yan | Chen Jing |
- 16 -
Income Statement of the Company
January-March 2021
Prepared by: Luoyang Glass Company Limited*
Unit: yuan | Currency: RMB Type of audit: unaudited | ||
Item | First quarter of 2021 | First quarter of 2020 | |
I. | Operating revenue | 128,656,619.07 | 67,845,878.75 |
Less: Operating costs | 127,585,550.95 | 67,385,669.84 | |
Taxes and surcharges | 1,479.25 | 15,849.08 | |
Selling expenses | 157,742.58 | 128,771.59 | |
Administrative expenses | 4,157,947.52 | 3,302,271.85 | |
Finance expenses | 9,832,687.52 | 10,402,230.75 | |
Including: Interest expenses | 15,887,953.20 | 11,619,173.36 | |
Interest income | 6,112,747.26 | 3,138,398.23 | |
Add: Other income | 6,229.23 | ||
II. | Operating profit (loss is represented | ||
by "-") | -13,072,559.52 | -13,388,914.36 | |
Add: Non-operating income | |||
Less: Non-operating expenses | |||
III. | Total profit (total loss is represented | ||
by "-") | -13,072,559.52 | -13,388,914.36 | |
Less: Income tax expenses | |||
IV. Net profit (net loss is represented | |||
by "-") | -13,072,559.52 | -13,388,914.36 |
- Net profit from continuing operation (Net loss is represented
by "-") | -13,072,559.52 | -13,388,914.36 |
- Net profit from discontinued operation (Net loss is represented by "-")
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Item | First quarter of 2021 | First quarter of 2020 |
- Other comprehensive income, net of tax
- Other comprehensive income that can not be reclassified to profit and loss
- Other comprehensive income that will be reclassified to profit and loss
VI. Total comprehensive income | -13,072,559.52 | -13,388,914.36 |
VII. Earnings per share:
- Basic earnings per share (RMB/share)
- Diluted earnings per share (RMB/share)
Person-in-charge of the | Person-in-charge of | Person-in-charge of |
Company: | accounting: | accounting institution: |
Zhang Chong | Ma Yan | Chen Jing |
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Consolidated Cash Flow Statement
January-March 2021
Prepared by: Luoyang Glass Company Limited*
Unit: yuan Currency: RMB Type of audit: unaudited | |||
Item | First quarter of 2021 | First quarter of 2020 | |
I. | Cash flow from operating activities: | ||
Cash received from sales of goods or | |||
rendering of services | 591,942,252.78 | 300,640,589.29 | |
Tax refunds received | 451,398.46 | 2,322,827.68 | |
Cash received from other operating- | |||
related activities | 14,208,559.29 | 13,762,244.26 | |
Sub-total of cash inflow from operating | |||
activities | 606,602,210.53 | 316,725,661.23 | |
Cash paid for goods purchased and | |||
services received | 327,476,513.60 | 235,004,632.07 | |
Cash paid to and on behalf of employees | 94,732,419.45 | 62,937,186.44 | |
Tax payments | 100,987,720.39 | 36,035,443.44 | |
Cash paid for other operating-related | |||
activities | 46,069,481.23 | 20,236,984.02 | |
Sub-total of cash outflow from operating | |||
activities | 569,266,134.67 | 354,214,245.97 | |
Net cash flow from operating activities | 37,336,075.86 | -37,488,584.74 | |
II. | Cash flow from investment activities: | ||
Cash received from other investment- | |||
related activities | 6,761,595.39 | ||
Sub-total of cash inflow from investment | |||
activities | 6,761,595.39 | ||
Cash paid for purchase and construction | |||
of fixed assets, intangible assets and | |||
other long-term assets | 3,459,553.82 | 18,173,876.21 | |
Cash paid for other investment-related | |||
activities | 1,069.31 | ||
Sub-total of cash outflow from | |||
investment activities | 3,460,623.13 | 18,173,876.21 | |
Net cash flow from investment activities | -3,460,623.13 | -11,412,280.82 |
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Item | First quarter of 2021 | First quarter of 2020 | |||
III. | Cash flow from financing activities: | ||||
Proceeds from loans | 654,990,000.00 | 560,490,000.00 | |||
Cash received from other financing- | |||||
related activities | 62,380,848.10 | 212,500,000.00 | |||
Sub-total of cash inflow from financing | |||||
activities | 717,370,848.10 | 772,990,000.00 | |||
Cash paid for repayment of loans | 397,450,000.00 | 485,602,733.76 | |||
Cash paid for dividends, profit, or | |||||
interest payments | 20,015,813.63 | 23,486,119.97 | |||
Cash paid for other financing-related | |||||
activities | 4,081,038.48 | 129,892,621.53 | |||
Sub-total of cash outflow from financing | |||||
activities | 421,546,852.11 | 638,981,475.26 | |||
Net cash flow from financing activities | 295,823,995.99 | 134,008,524.74 | |||
IV. | Effects of changes in exchange rate on | ||||
cash and cash equivalents | 229,491.67 | -59,970.27 | |||
V. | Net increase in cash and cash | ||||
equivalents | 329,928,940.39 | 85,047,688.91 | |||
Add: Opening balance of cash and cash | |||||
equivalents | 139,231,301.82 | 148,188,549.43 | |||
VI. Closing balance of cash and cash | |||||
equivalents | 469,160,242.21 | 233,236,238.34 | |||
Person-in-charge of the | Person-in-charge of | Person-in-charge of | |||
Company: | accounting: | accounting institution: | |||
Zhang Chong | Ma Yan | Chen Jing |
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Cash Flow Statement of the Company
January-March 2021
Prepared by: Luoyang Glass Company Limited*
Unit: yuan Currency: RMB Type of audit: unaudited
Item | First quarter of 2021 | First quarter of 2020 | |
I. | Cash flow from operating activities: | ||
Cash received from sales of goods or | |||
rendering of services | 60,953,569.45 | 31,692,845.37 | |
Cash received from other operating- | |||
related activities | 518,970.60 | 625,719.64 | |
Sub-total of cash inflow from operating | |||
activities | 61,472,540.05 | 32,318,565.01 | |
Cash paid for goods purchased and | |||
services received | 58,439,151.67 | 22,348,064.06 | |
Cash paid to and on behalf of employees | 6,429,171.82 | 4,315,611.90 | |
Tax payments | 2,068,942.37 | 512,192.21 | |
Cash paid for other operating-related | |||
activities | 3,562,498.23 | 1,874,891.56 | |
Sub-total of cash outflow from operating | |||
activities | 70,499,764.09 | 29,050,759.73 | |
Net cash flow from operating activities | -9,027,224.04 | 3,267,805.28 |
- Cash flow from investment activities: Cash received from disposal of
investments
Cash received from returns on investments
Cash received from other investment- related activities
Sub-total 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 investment
Cash paid for other investment-related activities
Sub-total of cash outflow from investment activities
Net cash flow from investment activities
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Item | First quarter of 2021 | First quarter of 2020 | ||||
III. | Cash flow from financing activities: | |||||
Proceeds from loans | 388,990,000.00 | 218,490,000.00 | ||||
Cash received from other financing- | ||||||
related activities | 764,707,944.99 | 700,140,000.00 | ||||
Sub-total of cash inflow from financing | ||||||
activities | 1,153,697,944.99 | 918,630,000.00 | ||||
Cash paid for repayment of loans | 278,490,000.00 | 199,098,289.32 | ||||
Cash paid for dividends, profit, or | ||||||
interest payments | 7,212,568.88 | 6,812,255.31 | ||||
Cash paid for other financing-related | ||||||
activities | 700,951,038.48 | 684,212,621.53 | ||||
Sub-total of cash outflow from financing | ||||||
activities | 986,653,607.36 | 890,123,166.16 | ||||
Net cash flow from financing activities | 167,044,337.63 | 28,506,833.84 | ||||
IV. | Effects of changes in exchange rate on | |||||
cash and cash equivalents | 130.98 | |||||
V. | Net increase in cash and | |||||
cash equivalents | 158,017,113.59 | 31,774,770.10 | ||||
Add: Opening balance of cash and cash | ||||||
equivalents | 81,846,146.98 | 46,467,911.64 | ||||
VI. | Closing balance of cash and cash | |||||
equivalents | 239,863,260.57 | 78,242,681.74 | ||||
Person-in-charge of the | Person-in-charge of | Person-in-charge of | ||||
Company: | accounting: | accounting institution: | ||||
Zhang Chong | Ma Yan | Chen Jing |
4.2 The related conditions on the adjustment of the items in financial statements at the beginning of the year of initial implementation arising from initial implementation of new lease standard since 2021
Applicable | ✓ | Not applicable |
4.3 Retrospective adjustment of the previous comparative data by initial adoption of new lease standard since 2021
Applicable | ✓ | Not applicable |
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4.4 Audit Report
Applicable | ✓ | Not applicable |
By order of the Board
Luoyang Glass Company Limited*
Zhang Chong
Chairman
Luoyang, the PRC
29 April 2021
As at the date of this announcement, the Board comprises five executive directors: Mr. Zhang Chong, Mr. Xie Jun, Mr. Ma Yan, Mr. Wang Guoqiang and Mr. Zhang Rong; two non-executive directors: Mr. Ren Hongcan and Mr. Chen Yong; and four independent non-executive directors: Mr. Jin Zhanping, Mr. Ye Shuhua, Mr. He Baofeng and Ms. Zhang Yajuan.
- For identification purposes only
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Luoyang Glass Company Limited published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 14:13:01 UTC.