TCL科技：2021年第三季度報告（英文版）.PDF

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1、 Third Quarter 2021 Report of TCL Technology Group Corporation 1 Securities Code:000100 Securities Abbreviation:TCL TECH.Announcement No.:2021-115 TCL 科技集團股份有限公司科技集團股份有限公司 TCL Technology Group Corporation Third Quarter 2021 Report October 27,2021Third Quarter 2021 Report of TCL Technology Group Corp

2、oration 2 Content Section I Important Notice.3 Section II Key Financial Information.4 Section III Management Discussion and Analysis.8 Section IV Shareholder Information.17 Section V Other Important Matters.19 Section VI Quarterly Financial Statements.20 Third Quarter 2021 Report of TCL Technology G

3、roup Corporation 3 Section I Important Notice The Board of Directors(or the“Board”),the Supervisory Committee,directors,supervisors and senior management of TCL Technology Group Corporation(hereinafter referred to as the“Company”)hereby guarantee that this quarterly report is true,accurate and compl

4、ete,and shall be jointly and severally liable for any misrepresentations,misleading statements or material omissions therein.The Companys legal representative,person in charge of accounting(Chief Financial Officer)and head of the accounting department hereby certify that the financial information se

5、t out in the quarterly report is true,accurate and complete.All directors have attended the Board meeting for the review of this report.This report has not been audited.This report has been prepared in both Chinese and English.Should there be any discrepancies or misunderstandings between the two ve

6、rsions,the Chinese version shall prevail.Third Quarter 2021 Report of TCL Technology Group Corporation 4 Section II Key Financial Information I.Main accounting data and financial indicators Does the Company need to retroactively adjust or restate the accounting data of previous years?Yes No July to

7、September 2021 Change(%)January to September 2021 Change(%)Revenue(RMB)46,629,888,432 140.65%120,928,535,190 148.26%Net profits attributable to the companys shareholders(RMB)2,318,085,363 183.69%9,101,970,170 349.44%Net profits attributable to the companys shareholders before non-recurring gains and

8、 losses(RMB)3,060,177,204 351.23%8,557,995,151 895.06%Net cash generated from operating activities(RMB)23,959,709,061 101.83%Basic earnings per share(RMB/share)0.1730 173.73%0.6756 332.25%Diluted earnings per share(RMB/share)0.1652 173.51%0.6487 333.33%Weighted average return on equity(%)6.20%3.54%2

9、5.16%An increase of 18.42 percentage points 30 September 2021 31 December 2020 Change(%)Total assets(RMB)305,386,375,811 257,908,278,887 18.41%Owners equity attributable to the companys shareholders(RMB)39,483,249,414 34,107,795,454 15.76%The total share capital at the end of the last trading sessio

10、n before the disclosure of this Report:Total share capital at the end of the last trading session before the disclosure date(share)14,030,642,421 Fully diluted earnings per share based on the latest total share capital above:Fully diluted earnings per share calculated based on the latest total share

11、 capital above(RMB/share)0.6487 II.Non-recurring profit and loss items and amount Applicable Not applicable Third Quarter 2021 Report of TCL Technology Group Corporation 5 Unit:RMB Item Amount for the current reporting period Amount from the beginning of the year to the end of the reporting period G

12、ains and losses on disposal of non-current assets(inclusive of impairment allowance write-offs)-785,538,181.00-46,198,134.00 Government subsidies charged to current profits and loss(except for government subsidies closely related to the Companys normal business which comply with national policies an

13、d regulations and are enjoyed on an ongoing basis according to certain standard quotas or quantities)250,706,085.00 609,898,567.00 Gain equal to the amount by which investment costs for the Company to obtain subsidiaries,associates and joint ventures are lower than the Companys enjoyable fair value

14、of identifiable net assets of investees when making investments -40,299,579.00 The profits and losses generated from changes in fair value arising from holding marketable financial assets and marketable financial liabilities,as well as the investment-related income from the disposal of marketable fi

15、nancial assets,marketable financial liabilities and available-for-sale financial assets,except for the effective hedging business related to the Companys normal business operation.7,578,933.00 217,852,030.00 Other gains and losses that meet the definition of non-recurring gain/loss 20,182,634.00 264

16、,752,193.00 Less:Corporate income tax 52,430,322.00 135,316,019.00 Non-controlling interests(net of tax)182,590,990.00 407,313,197.00 Total -742,091,841.00 543,975,019.00 Details of other profit and loss items that meet the definition of non-recurring profits and losses:Applicable Not applicable The

17、 Company has no other profit and loss items that meet the definition of non-recurring profits and losses.Note on non-recurring profit and loss items-that which is listed in the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public-Non-Recurring

18、 Gain/Loss shall be used to define Recurring Gain/Loss items Applicable Not applicable The Company does not have any non-recurring profit and loss items listed in the Explanatory Announcement on Information Disclosure of Companies Offering Securities to the Public No.1-Non-recurring Profits and Loss

19、es that are defined as recurring profit and loss items.III.Changes of main accounting data and financial indicators and reasons therefor Applicable Not applicable Third Quarter 2021 Report of TCL Technology Group Corporation 6 Unit:RMB Balance Sheet items Ending balance Beginning balance Increase/de

20、crease ratio(%)Reason for change Notes receivable 3,379,119,189 595,685,338 467.3 Mainly due to the expansion of operating revenue scale Prepayments 2,951,934,848 1,355,653,454 117.7 Mainly due to the increase of prepayment Accounts receivable 21,099,262,446 12,557,614,486 68.0 Mainly due to the exp

21、ansion of operating revenue scale Other receivables 3,885,453,661 2,793,640,153 39.1 Mainly due to the increase of equity transfer funds Inventories 14,458,361,006 8,834,957,692 63.6 Mainly due to the expansion of operating revenue scale Investment property 701,618,665 1,664,201,130 -57.8 Mainly due

22、 to the merger of Moka Development costs 2,909,088,335 2,103,994,558 38.3 Mainly due to the increase of R&D investment Goodwill 9,125,488,681 6,943,264,794 31.4 Mainly due to the merger of Moka and CSOT Suzhou Long-term deferred expenses 1,627,220,359 2,536,670,015 -35.9 Mainly due to the impact of

23、the new Leasing Standards Deferred income tax assets 2,117,664,125 1,578,087,991 34.2 Mainly due to the merger of CSOT Suzhou Other non-current assets 6,566,151,346 12,532,852,630 -47.6 Mainly due to the decrease of prepayments for equipment Short-term borrowings 7,615,688,682 12,263,713,979 -37.9 M

24、ainly due to repayment for borrowings Borrowings from the Central Bank 1,289,155,102 469,834,291 174.4 Mainly due to the increase of borrowings from the Central Bank by the Finance Company Held-for-trading financial liabilities 1,029,572,413 527,901,041 95.0 Mainly due to the increase of financial p

25、roducts Taxes and levies payable 1,695,966,861 670,058,792 153.1 Mainly due to the increase of taxes and surcharges caused by the increase of performance Long-term payables 497,341,480 1,280,299,665 -61.2 Mainly due to the impact of the new Leasing Standards Income Statement January to January to In

26、crease/Reason for change Third Quarter 2021 Report of TCL Technology Group Corporation 7 items September 2021 September 2020 decrease ratio(%)Revenue 120,928,535,190 48,709,987,251 148.3 Mainly due to the expansion of sales scale and the merger of Zhonghuan Electronic and Moka Cost of sales 95,426,7

27、65,891 43,507,752,953 119.3 Mainly due to the expansion of operating revenue scale and the merger of Zhonghuan Electronic and Moka Sales expense 1,552,806,398 548,204,916 183.3 Mainly due to the expansion of operating revenue scale and the merger of Zhonghuan Electronic Administrative expense 3,008,

28、738,778 1,215,567,756 147.5 Mainly due to the expansion of operating revenue scale and the merger of Zhonghuan Electronic R&D expense 5,274,324,791 2,800,775,204 88.3 Mainly due to the increase of R&D investment and the merger of Zhonghuan Electronic Finance expenses 2,827,514,469 1,453,054,866 94.6

29、 Mainly due to the increase of financing scale and the merger of Zhonghuan Electronic Return on investment 2,884,044,180 1,951,687,393 47.8 Mainly due to the merger of Zhonghuan Electronic Income tax expense 2,102,388,345 338,749,095 520.6 Mainly due to the increase of operating profits and the merg

30、er of Zhonghuan Electronic Net profit attributable to non-controlling interests 4,061,307,528 36,529,164 11,018.0 Mainly due to the increase of net profits and the merger of Zhonghuan Electronic Cash Flow Statement items January to September 2021 January to September 2020 Increase/decrease ratio(%)R

31、eason for change Net cash generated from in operating activities 23,959,709,061 11,871,070,129 101.8 Mainly due to the expansion of operating revenue scale,the improvement of operating profits and the merger of Zhonghuan Electronic Net cash generated from financing activities 8,683,436,043 23,485,74

32、0,179 -63.0 Mainly due to the increase of repayment for borrowings during the current reporting period Third Quarter 2021 Report of TCL Technology Group Corporation 8 Section III Management Discussion and Analysis I.Overview The COVID-19 epidemic and reverse globalization is reshaping the global pol

33、itical and economic landscape,and global industrial chains are becoming increasingly unstable,posing severe challenges for Chinas manufacturing enterprises.China has proposed the building of a new development pattern centered around domestic circulation while also encouraging the mutual promotion of

34、 dual domestic-international circulation,which,with the strategic support from scientific and technological self-reliance and self-improvement,will promote Chinas science and technology industries to break through the development bottleneck and establish a commanding height of scientific and technol

35、ogical innovation.Facing the challenges and opportunities head on,the Company has focused on the development of two major,core technology industries,i.e.,semiconductor displays,and semiconductor photovoltaics and semiconductor materials,adhering to the business strategy of“Improving Business Quality

36、 and Efficiency,Strengthening Advantages and Making up for Disadvantages,Accelerating Global Layout,and Innovation-driven Development”,establishing a relative corporate competitive advantage,and continuing to press on towards global leadership.In the first three quarters,the Company achieved operati

37、ng revenue of RMB 120.93 billion,a year-on-year increase of 148.3%;achieved net profit of RMB 13.16 billion,a year-on-year increase of 538.5%;achieved net profit attributable to the shareholders of listed companies of RMB 9.1 billion,a year-on-year increase of 349.4%;exceeded the budget in an overal

38、l manner with respect to semiconductor displays business,and semiconductor photovoltaics and semiconductor materials business,achieving a record-high in performance.The prosperity of the semiconductor display industry was higher than that of the same period in the previous year.The Companys main pro

39、duction lines maintained full sales and produced at full production capacity,factory t7 ramped up as scheduled,factory t10 was integrated smoothly after consolidation in Q2,and the Company continued to promote the strategy of business diversification and high-end product structure,and led the indust

40、ry in efficiency and benefits.The semiconductor display industry achieved operating revenue of RMB 66.56 billion,a year-on-year increase of 106%and net profit of RMB 9.74 billion,a year-on-year increase of 1620%.The Companys advantageous production capacity of Third Quarter 2021 Report of TCL Techno

41、logy Group Corporation 9 semiconductor photovoltaics 210 mm silicon wafers has accelerated,and a quality supply chain system has ensured the substantial growth of production and sales scale and profit;the semiconductor materials businesss 8-12 inch large silicon wafer project is progressing smoothly

42、,and the product and customer structures are constantly improving;the Industry 4.0 production mode has further improved per-capita labor productivity,product quality and consistency,and has reduced material consumption and operating costs,and significantly enhanced industry competitiveness.Zhonghuan

43、 Semiconductor achieved operating revenue of RMB 29.09 billion,a year-on-year increase of 117%,and net profit of RMB 3.28 billion,a year-on-year increase of 190%.Due to the one-time financial impact from the disposal of Fantasia Properties equity,the performance of the Companys investment business s

44、egment in Q3 decreased significantly year-on-year,while other businesses in the industrial finance and investment business segment operated well.The Company has adopted scientific and technological innovation as the core driving force for corporate development.In the first three quarters,the Company

45、 invested RMB 6.5 billion in research and development,a year-on-year increase of 51.1%,accounting for 5.4%of the operating revenue,whereby the Company focused on the development of new display technologies such as Mini LED,Micro LED,printed OLED and QLED,the improvement of the leading photovoltaics

46、technology platform combining G12 large silicon wafers and shingled PV 3.0,the process improvement of 8-inch and 12-inch semiconductor materials,as well the advanced research and collaboration of the upstream core nodes in industrial chains and the establishment of an industrial ecological alliance.

47、As of the end of September 2021,the number of Companys PCT patent applications reached 13,517,and the number of patent applications in the field of quantum dot electroluminescence technology and materials has reached 1,778,ranking#2 globally.The global economy is complex and ever-changing under the

48、normalization of the COVID-19 epidemic and international economic and trade frictions.We believe that accelerating the development of the high-end manufacturing industry is the only way for China to sustain economic development and overcome the middle-income trap;actively participating in global com

49、petition is also an inevitable option for Chinese manufacturing enterprises to become bigger and stronger.Rooted in the science and technology industries,the Company has a global layout and is moving towards leadership,relying on lean management,technological innovation and industrial ecology as the

50、 foundation for competitiveness.In the field of semiconductor displays,the Company has Third Quarter 2021 Report of TCL Technology Group Corporation 10 established comprehensive competitive advantages with respect to scale,efficiency and technology,and will further expand its layout in the global di

51、splay industry and strengthen the overseas localized supply chain system in the future;In the semiconductor photovoltaics field,Zhonghuan Semiconductor,relying on the application of the Industry 4.0 production mode in various operation processes and scenarios as well as the improvement of overseas i

52、ndustrial layout and supply chain systems,has gradually completed the transformation from product output to industrial competence output;With regard to the semiconductor materials business,the Company will firmly adhere to the established strategies,actively enhance its core competitiveness,build a

53、great brand reputation,and undertake the mission and responsibility for localized independent research and development of the semiconductor industry.As a pioneer in the globalization of Chinas manufacturing industry,TCL has been moving forward for the last 40 years,actively facing the challenges,ins

54、isting on originality,making unremitting efforts,and catching up and surpassing time and time again.Looking forward to the future,TCL Technology will seize the golden period of global economic restructuring and the development of Chinas manufacturing industry,change from being a follower to a leader

55、,and become a global leader with stronger development momentum.II.Main business conditions The Companys main business structure consists of semiconductor displays,semiconductor photovoltaics and semiconductor materials,industrial finance and investment platforms and other businesses.The Company will

56、 continue to optimize its business structure,and further focus on its main businesses,to achieve the strategic goal of global leadership in its two core industries.(I)Semiconductor display business In the first three quarters,the prosperity of the semiconductor display industry was higher compared T

57、CL Tech Semi-conductor display Semi-conductor photovoltaic&Semi-conductor materials Industrial finance&investment Other TCL CSOT China Ray Zhonghuan Photovoltaic Zhonghuan Advanced TCL Financial TCL Capital Highly TPC Juhua Moka Technology TCL Microchip Third Quarter 2021 Report of TCL Technology Gr

58、oup Corporation 11 to the same period in the last year;in the first half of the year,the supply-demand relationship and the shortage of upstream materials drove a continual increase in the prices of main products;in Q3,the price of the panel fell due to the impact of maritime logistics and the weake

59、ning of demand in some regions.TCL CSOTs production capacity continued to grow,which accelerated the optimization of product structures,and improved its profitability;it achieved a sales area of 28.477 million square meters in the first three quarters,a year-on-year increase of 31.3%;with regard to

60、the semiconductor display business,it achieved an operating revenue of RMB 66.56 billion,a year-on-year increase of 106%,and achieved a net profit of RMB 9.74 billion,a year-on-year increase of 1620%,including net profit of RMB 3.13 billion achieved in Q3,a year-on-year increase of 347%.Operating co

61、mposition of the semiconductor display business in the first three quarters:Item Shipment area Shipment volume Revenue Net profit 10,000 square meters Year-on-year%10,000 pieces/10,000 sets Year-on-year%RMB 100 million Year-on-year%RMB 100 million Year-on-year%Large-sized products 2,721.8 31.4%4,436

62、.0 28.6%441.4 Increased by 117%109.7 Increased by 810%Medium-to-small sized products 125.8 29.2%7,370.1 5.8%169.7 Increased by 41%-7.8 Decreased by RMB 520 million Moka Technology(note)-520.1 N/A 85.5 N/A 2.4 N/A Other and offsets -31.1 N/A-6.8 N/A Total -665.6 Increased by 106%97.4 Increased by 161

63、9%Note:Moka Technology has been consolidated since Q2 2021,and the year-on-year data does not include Moka Technology operational data for the first three quarters of 2020.In the large-sized product field,TCL CSOT continued to expand its scale advantage,promote high-end strategy,and continuously opt

64、imize production lines and product structure,Third Quarter 2021 Report of TCL Technology Group Corporation 12 maintaining industry-leading efficiency and benefits advantages.Factories t1,t2 and t6 maintained full sales and produced at full capacity,factory t7 ramped up as scheduled;t10(formerly Sams

65、ung Suzhou LCD factory)has been consolidated since the Q2 and the acquisition of the remaining 30%minority equity was completed at the end of September,thus becoming a wholly-owned subsidiary of TCL CSOT.The Companys leading position in large-size panels has been further reinforced,ranking#2 globall

66、y in terms of market share of TV panels,ranking#1 globally in terms of market shares of 55-inch products,and#2 globally in terms of market shares of 65-inch and 75-inch products;the high-end strategy has achieved remarkable results,with the shipment area of products of 65 inches and above accounting

67、 for nearly 50%of the total shipment area,and the Company ranks#1 globally in terms of market shares of 8K and 120 HZ high-end TV panels;the Company has accelerated the adjustment of its product structure,and become the core supplier for the leading customers in the industry in terms of commercial d

68、isplay markets such as interactive whiteboards,digital signage and splicing screens,among which the market share of interactive whiteboards has increased to#1 globally.Affected by the weakening global economy and market demand,the prices of large-sized products showed an inflection point in August,t

69、he prices of TV display screens declined rapidly,and the prices of other products also showed a declining trend;the Company will hedge such risks by improving its product quality and operating efficiency.In the field of small-sized product businesses,TCL CSOT has accelerated the release of productio

70、n capacity and the increase of yield rate,so as to leverage continuous technological innovation to improve the product experience,and optimize its customer portfolio.The shipment volume of LTPS mobile phone panels of the t3 production line remained fourth place in the world,the proportion of non-mob

71、ile phone products has increased to 30%,the product and customer structures continue to be optimized,and the profitability has been improved.The t4 flexible OLED production line,which has completed the construction of Phase II and Phase III,is committed to forming differentiated competitiveness such

72、 as flexible folding and under-screen camera placement;however,due to the impact of preliminary R&D investment and fixed costs incurred during the ramp-up of the production line,t4s losses have increased month-on-month.The Company will focus on improving its technical capacity,meeting the needs of s

73、trategic customers,and gradually improving its operating efficiency.Third Quarter 2021 Report of TCL Technology Group Corporation 13 TCL CSOT has accelerated the promotion of its medium-sized product business strategy,focusing on the fast-growing high-end market,actively introducing leading customer

74、s of the industry,and establishing a new driving force for businesses growth.The Company has seized the opportunities for rapid growth in the high-end market of medium-sized products and given full play to its technical and customer advantages through the capacity adjustment of existing production l

75、ines,leading to a rapidly increasing market share.The Company ranks the#2 globally in terms of market shares of e-sports displays,#2 globally in terms of shipment volume of LTPS notebook panels,and#1 globally in terms of shipment volume of LTPS tablet PC panels;the shipment volume of vehicle-mounted

76、 LTPS panels has increased rapidly by introducing a number of Chinese and foreign leading customers;the Company has achieved cooperation with brand customers with respect to display and laptop products equipped with Mini LED backlighting,and expanded VR/AR new display products.The Company has accele

77、rated the investment and construction of the G8.6 oxide semiconductor-based t9 project,which is expected to be put into operation in 2023.We believe that the total demand area of all regions in the world will maintain steady annualized growth,the pattern of industrial competition will be optimized,a

78、nd the weakening trend of the industrial cycle volatility will remain unchanged.The Company will maintain industry-leading efficiency and profitability advantages and accelerate its upgrade from being a global leader of the large-sized display industry to being a global leader of the full-sized disp

79、lay field,centered on optimizing production line structure and product structure,improving customer portfolio and perfecting industrial ecology.(II)Semiconductor photovoltaics and semiconductor materials business In the first three quarters,although the pressure on the production costs of multiple s

80、emiconductor photovoltaics manufacturing links increased due to the dual impact of rising raw materials costs and energy consumption,global energy consumption increased rapidly,thus energy structure transformation will surely become a general trend,and the photovoltaics industry will enter a long-te

81、rm,high-speed development stage.In the field of semiconductor materials,the global chip shortage continues,the shortage of semiconductor materials supply has yet to ease,and the prosperity of the industry is rising.In the first three quarters,both the photovoltaics and semiconductor materials busine

82、sses of Zhonghuan Semiconductor achieved rapid development,Third Quarter 2021 Report of TCL Technology Group Corporation 14 with operating revenue of RMB 29.09 billion,a year-on-year increase of 117%,and net profit of RMB 3.28 billion,a year-on-year increase of 190%.1.Semiconductor photovoltaics fie

83、ld In the first three quarters,there was a shortage in the supply of upstream materials coupled with rising prices,which accelerated the trend of silicon wafer products becoming larger and thinner.Zhonghuan Semiconductors G12 products effectively match the benefit needs of industrial chains.The Comp

84、any sped up its planned capacity construction.The diamond wire cutting ultra-thin silicon wafer smart factory project implemented in Tianjin and Inner Mongolia was put into operation smoothly,and there has been substantial improvement in labor productivity and throughput for the G12 production line.

85、The Ningxia Zhonghuan Phase VI project is expected to be put into operation by the end of the year.At the end of the reporting period,the Companys total production capacity of single crystal silicon increased to 73.5 GW,of which G12 production capacity accounted for about 59%,and the Companys G12 si

86、licon wafer market penetration increased from 6%at the beginning of the year to 20%at the end of the reporting period.With the accumulation of advanced processes and technologies,the monthly production of single crystal furnaces and the A-class rating of silicon wafers continued to increase,the sili

87、con consumption per unit product decreased significantly,and profitability improved against the quarterly trend.At the photovoltaic cell and module end,the market share of products has increased steadily based on the deep integration of dual G12+Shingled PV technology platforms with Industry 4.0(sma

88、rt manufacturing).The production capacity of the G12 high-efficiency shingled PV module project in Jiangsu Province has reached 6 GW;the G12 high-efficiency shingled PV modules project in Tianjin has officially entered the production stage,adding momentum to the rapid growth of the business.2.Semico

89、nductor materials field In the first three quarters,the domestic substitution process of semiconductor materials accelerated,the demand for semiconductor terminals increased significantly;Zhonghuan Semiconductor accelerated the release of production capacity and the optimization of product structure

90、;the shipment volume of 8-12 inch polished wafers and epitaxial wafers increased,with the production and sales scale increasing by more than 90%year-on-year.By cooperating with downstream customers to establish a flexible cooperation mode,Zhonghuan Semiconductor continues to develop Third Quarter 20

91、21 Report of TCL Technology Group Corporation 15 and introduce customers at home and abroad,build competitive barriers based on the characteristic process,and develop advanced process products.At the end of the reporting period,a monthly production capacity of 650,000 pieces for 8-inch products and

92、100,000 pieces for 12-inch products has been formed,with a new small-diameter layout for production expansion and new 8-inch product projects.It is expected that by the end of 2021,the Company may achieve the established goal of a monthly production capacity of 750,000 pieces for 8-inch products and

93、 170,000 pieces for 12-inch products,so as to accelerate the development of the semiconductor business.(III)Industrial finance business In the first three quarters,the Companys financial and treasury businesses focused on ensuring the Companys demand for project funds,improved its active management

94、capacity with regard to industrial funds and risks,reduced costs and increased efficiency to the greatest extent possible,controlled corporate receivables and foreign exchange risks,and supported the Companys core main businesses move towards global leadership.The Companys financial and treasury bus

95、inesses will continue to adopt a strategy of steady development,focusing on the Companys long-term strategic objectives,solidly establishing long-term capacity that empowers industrial development,and supporting the Companys business operations and territory expansion.TCL Capital explored investment

96、 and deployment opportunities in key areas that drive the development of the science and technology industry,such as new display types,semiconductors and core materials and process equipment related to the industrial chain,and promoted technology-business synergy,concurrently creating investment inc

97、ome.At the end of the reporting period,the funds managed by TCL Capital reached a scale of about CNY 9.2 billion,with a total investment of 118 projects.At present,TCL Capital holds shares of listed companies such as CATL,DKEM,Cambricon,Newtouch Software,ZJBC Information and HyUnion Holding;Admiralt

98、y Harbour Capital Limited achieved steady growth in its investment banking and asset management business,completing 14 capital market and financial advisory projects in the first three quarters,and Admiralty Harbour Capital Limited was approved to become a member of the Euroclear Bank,further divers

99、ifying its business scope;China Innovative Capital continued to focus on the industrial chain layout opportunities of the two core main businesses of the Company,invested in more than 137 listed companies,with steadily growing performance.Over the past 40 years,TCL has loyally dedicated itself to th

100、e manufacturing industry,constantly Third Quarter 2021 Report of TCL Technology Group Corporation 16 changing and innovating,traveling upstream along the electronics industrial chain all the way.The Company will continue to focus on resources to develop core technology industries,build strategic con

101、trol points in the fields of semiconductor displays,semiconductor photovoltaics and semiconductor materials,adhere to the core requirements of Improving Business Quality and Efficiency,Strengthening Advantages and Making up for Disadvantages,Accelerating Global Layout,and Innovation-driven Developme

102、nt,and enter a new development stage with stronger development momentum,so as to become a global leader among industry competitors!Third Quarter 2021 Report of TCL Technology Group Corporation 17 Section IV Shareholder Information I.Table of the total number of shareholders holding common stocks,num

103、ber of shareholders holding preferred stocks with resumed voting rights,and shareholding of the top ten shareholders Unit:Shares Total number of ordinary shareholders at the period-end 820,878 Total number of preference shareholders with resumed voting rights at the period-end(if any)0 Shareholding

104、of the top 10 shareholders Name of shareholder Nature of shareholder Shareholding ratio(%)Number of shares held(shares)Restricted shares held(shares)Shares in pledge,marked or frozen Share status Quantity(shares)Li Dongsheng and his acting-in-concert party Domestic natural person 8.26 1,158,599,393

105、610,181,602 Pledge by Li Dongsheng 138,178,800 Pledge by the persons acting in concert 344,899,521 Huizhou Investment Holding Co.,Ltd.State-owned legal person 5.30 743,139,840 Wuhan Optics Valley Industrial Investment Co.,Ltd.State-owned legal person 3.65 511,508,951 511,508,951 Pledge 255,754,475 H

106、ong Kong Securities Clearing Company Ltd.Overseas legal person 2.82 395,663,351 China Securities Finance Corporation Limited.Domestic general legal person 2.66 373,231,553 Tibet Tianfeng Enterprise Management Co.,Ltd.Domestic general legal person 1.76 246,568,838 TCL Technology Group Funds,wealth ma

107、nagement 0.81 113,143,154 Third Quarter 2021 Report of TCL Technology Group Corporation 18 Corporation-2021 to 2023 Employee Stock Ownership Plan(Phase I)products,etc.Sinatay Life Insurance Co.,Ltd.-Conventional Product Funds,wealth management products,etc.0.77 107,528,172 ICBC Credit Suisse Asset M

108、anagement Agricultural Bank of China-ICBC Credit Suisse China Securities Financial Asset Management Plan Funds,wealth management products,etc.0.53 74,761,500 Southern Asset Management-Agricultural Bank of China-Southern China Securities Financial Asset Management Plan Funds,wealth management product

109、s,etc.0.53 74,761,500 Top 10 unrestricted ordinary shareholders Name of shareholder Unrestricted ordinary shares held at the period-end Type of share Type of share Quantity(shares)Huizhou Investment Holding Co.,Ltd.743,139,840 RMB-denominated ordinary stock 743,139,840 Li Dongsheng and his acting-in

110、-concert party 548,417,791 RMB-denominated ordinary stock 548,417,791 Third Quarter 2021 Report of TCL Technology Group Corporation 19 Hong Kong Securities Clearing Company Ltd.395,663,351 RMB-denominated ordinary stock 395,663,351 China Securities Finance Corporation Limited.373,231,553 RMB-denomin

111、ated ordinary stock 373,231,553 Tibet Tianfeng Enterprise Management Co.,Ltd.246,568,838 RMB-denominated ordinary stock 246,568,838 TCL Technology Group Corporation-2021 to 2023 Employee Stock Ownership Plan(Phase I)113,143,154 RMB-denominated ordinary stock 113,143,154 Sinatay Life Insurance Co.,Lt

112、d.-Conventional Product 107,528,172 RMB-denominated ordinary stock 107,528,172 ICBC Credit Suisse Fund-Agricultural Bank of China-ICBC Credit Suisse China Securities Financial Asset Management Plan 74,761,500 RMB-denominated ordinary stock 74,761,500 Southern Asset Management-Agricultural Bank of Ch

113、ina-Southern China Securities Financial Asset Management Plan 74,761,500 RMB-denominated ordinary stock 74,761,500 Zhong Ou Asset Management-Agricultural Bank of China-Zhong Ou China Securities Financial Asset Management Plan 74,761,500 RMB-denominated ordinary stock 74,761,500 Note on the above sha

114、reholders associations or concerted actions Mr.Li Dongsheng and Xinjiang Jiutian Liancheng Equity Investment Partnership(Limited Partnership)became persons acting in concert by signing the Agreement on Concerted Action,holding 1,158,599,400 shares in total and becoming the largest shareholder of the

115、 Company.Note on the top 10 shareholders participation in securities margin trading(if any)Tibet Tianfeng Enterprise Management Co.,Ltd.,a shareholder of the Company,holds 154,173,746 shares through the general securities account,and holds 92,395,092 shares through the credit securities account,with

116、 a total of 246,568,838 shares actually held.Note:The top ten shareholders of the Company do not include the The Securities Account of TCL Technology Group Corporation for Repurchases.As of the end of the reporting period,there were 451,727,197 shares held in the repurchase account.II.Total number o

117、f shareholders holding preferred stocks and shareholding of the top 10 thereof Applicable Not applicable Section V Other Important Matters Applicable Not applicable Third Quarter 2021 Report of TCL Technology Group Corporation 20 Section VI Quarterly Financial Statements I.Financial statements 1.Con

118、solidated Balance Sheet Prepared by:TCL Technology Group Corporation Unit:RMB Item September 30,2021 December 31,2020 Current assets:Monetary assets 23,184,408,917.00 21,708,904,743.00 Settlement reserves Funds on loan Held-for-trading financial assets 11,831,331,630.00 5,300,045,879.00 Derivative f

119、inancial assets 179,909,523.00 453,578,245.00 Notes receivable 3,379,119,189.00 595,685,338.00 Accounts receivable 21,099,262,446.00 12,557,614,486.00 Receivables financing 1,921,109,524.00 2,176,743,646.00 Prepayments 2,951,934,848.00 1,355,653,454.00 Premiums receivable Reinsurance accounts receiv

120、able Reinsurance contract provisions receivable Other receivables 3,885,453,661.00 2,793,640,153.00 Of which:Interests receivable Dividends receivable 4,930,128.00 Financial assets purchased under sale-back agreement Inventories 14,458,361,006.00 8,834,957,692.00 Contract assets 217,788,723.00 183,6

121、50,278.00 Held-for-sale assets 360,935,948.00 Non-current assets maturing within one year Other current assets 9,771,156,475.00 9,367,055,433.00 Total current assets 92,879,835,942.00 65,688,465,295.00 Non-current assets:Loans and advances to customers 981,876,228.00 Debt investments 119,349,896.00

122、Third Quarter 2021 Report of TCL Technology Group Corporation 21 Other debt investments 91,975,931.00 152,062,601.00 Long-term receivables 655,239,169.00 778,889,309.00 Long-term equity investments 24,635,045,163.00 24,047,036,004.00 Investments in other equity instruments 1,030,905,223.00 1,333,675

123、,630.00 Other non-current financial assets 2,813,697,571.00 3,055,595,097.00 Investment property 701,618,665.00 1,664,201,130.00 Fixed assets 110,704,663,779.00 92,829,901,894.00 Construction-in-progress 34,942,314,395.00 31,508,310,783.00 Productive biological assets Oil and gas assets Right-of-use

124、 assets 1,980,527,730.00 Intangible assets 12,604,939,397.00 10,054,045,032.00 Development expenditures 2,909,088,335.00 2,103,994,558.00 Goodwill 9,125,488,681.00 6,943,264,794.00 Long-term deferred expenses 1,627,220,359.00 2,536,670,015.00 Deferred tax assets 2,117,664,125.00 1,578,087,991.00 Oth

125、er non-current assets 6,566,151,346.00 12,532,852,630.00 Total non-current assets 212,506,539,869.00 192,219,813,592.00 Total assets 305,386,375,811.00 257,908,278,887.00 Current liabilities:Short-term borrowings 7,615,688,682.00 12,263,713,979.00 Borrowings from the Central Bank 1,289,155,102.00 46

126、9,834,291.00 Borrowed funds 500,100,000.00 Held-for-trading financial liabilities 1,029,572,413.00 527,901,041.00 Derivative financial liabilities 131,544,781.00 384,903,731.00 Notes payable 5,936,898,099.00 4,725,611,752.00 Accounts payable 28,111,529,829.00 16,468,931,544.00 Advances from customer

127、s 10,271,352.00 78,597,459.00 Contract liabilities 3,133,347,724.00 2,004,004,181.00 Financial assets sold under repurchase agreements 50,080,208.00 Deposits from customers and banks and other financial institutions 1,767,151,542.00 2,850,138,744.00 Funds for brokering securities transaction Funds f

128、or brokering securities underwriting Third Quarter 2021 Report of TCL Technology Group Corporation 22 Remunerations payable 3,067,368,090.00 1,856,664,146.00 Taxes and levies payable 1,695,966,861.00 670,058,792.00 Other payables 18,156,812,794.00 14,869,433,359.00 Of which:Interests payable Dividen

129、ds payable 34,607,024.00 1,293,097.00 Service charges and commissions payable Reinsurance accounts payable Held-for-sale liabilities Non-current liabilities maturing within one year 11,044,514,342.00 13,429,669,611.00 Other current liabilities 879,169,322.00 366,970,706.00 Total current liabilities

130、84,369,090,933.00 71,016,513,544.00 Non-current liabilities:Insurance contract provisions Long-term borrowings 90,381,279,079.00 73,589,403,308.00 Bonds payable 16,959,991,644.00 18,040,772,610.00 Of which:Preferred stocks Perpetual bonds Lease liabilities 940,140,289.00 Long-term payables 497,341,4

131、80.00 1,280,299,665.00 Long-term remunerations payable 86,649,243.00 27,857,583.00 Estimated liabilities Deferred income 1,311,591,825.00 1,509,867,357.00 Deferred tax liabilities 2,964,549,710.00 2,386,496,733.00 Other non-current liabilities Total non-current liabilities 113,141,543,270.00 96,834,

132、697,256.00 Total liabilities 197,510,634,203.00 167,851,210,800.00 Owners equity:Capital stock 14,030,642,421.00 14,030,788,362.00 Other equity instruments 230,240,606.00 230,240,606.00 Of which:Preferred stocks Perpetual bonds Capital reserves 3,909,667,193.00 5,442,384,608.00 Less:Treasury stocks

133、2,423,528,242.00 1,913,028,859.00 Other comprehensive income-319,841,847.00-145,573,093.00 Third Quarter 2021 Report of TCL Technology Group Corporation 23 Specific reserves 1,003,264.00 211,932.00 Surplus reserves 2,452,892,102.00 2,452,892,102.00 General risk provisions 360,767.00 385,534.00 Retai

134、ned earnings 21,601,813,150.00 14,009,494,262.00 Total equity attributable to the owners of the parent company 39,483,249,414.00 34,107,795,454.00 Minority interests 68,392,492,194.00 55,949,272,633.00 Total owners equity 107,875,741,608.00 90,057,068,087.00 Total liabilities and owners equity 305,3

135、86,375,811.00 257,908,278,887.00 Legal representative:Li Dongsheng Person in charge of accounting:Li Jian Head of accounting department:Xi Wenbo 2.Consolidated Income Statement from the beginning of the year to the end of the reporting period Unit:RMB Item Amount incurred in the current period Amoun

136、t incurred in the previous period I.Total revenue 121,041,930,585.00 48,833,159,938.00 Of which:Revenue 120,928,535,190.00 48,709,987,251.00 Interest income 113,395,395.00 123,172,687.00 Earned premiums Service charge and commission income II.Total costs 108,632,792,060.00 49,698,704,134.00 Of which

137、:Costs of sales 95,426,765,891.00 43,507,752,953.00 Interest expenditures 24,985,728.00 25,967,987.00 Service charge and commission expenditures Surrender value Net claims payment Net insurance liability provisions accrued Policy dividend expenditures Reinsurance expenses Taxes and levies 517,656,00

138、5.00 147,380,452.00 Selling expenses 1,552,806,398.00 548,204,916.00 Administrative expenses 3,008,738,778.00 1,215,567,756.00 R&D expenses 5,274,324,791.00 2,800,775,204.00 Financial expenses 2,827,514,469.00 1,453,054,866.00 Of which:Interest expenses 3,143,032,709.00 1,663,333,175.00 Third Quarte

139、r 2021 Report of TCL Technology Group Corporation 24 Interest income 304,396,859.00 297,750,444.00 Plus:Other income 1,236,157,521.00 1,254,526,018.00 Return on investment(losses are indicated by-)2,884,044,180.00 1,951,687,393.00 Of which:Share of profit or loss of joint ventures and associates 2,1

140、15,987,323.00 1,293,666,489.00 Income from derecognition of financial assets measured at amortised costs Exchange gains(losses are indicated by-)1,496,097.00 321,274.00 Gain on net exposure hedging(losses are indicated by-)Gain on changes in fair value(losses are indicated by-)38,035,283.00 294,474,

141、510.00 Credit impairment losses(losses are indicated by-)-14,189,833.00 7,074,256.00 Asset impairment losses(losses are indicated by-)-1,556,201,649.00-708,096,422.00 Income from asset disposal(losses are indicated by-)24,654,877.00 931,334.00 III.Operating profit(losses are indicated by-)15,023,135

142、,001.00 1,935,374,167.00 Plus:Non-operating income 284,672,695.00 496,388,240.00 Less:Non-operating expenditures 42,141,653.00 31,308,402.00 IV.Gross profits(total losses are indicated by-)15,265,666,043.00 2,400,454,005.00 Less:Income tax expenses 2,102,388,345.00 338,749,095.00 V.Net profits(net l

143、osses are indicated by-)13,163,277,698.00 2,061,704,910.00 (1)Classification by business continuity 1.Net profits from continuing operations(net losses are indicated by-)13,104,980,954.00 2,061,704,910.00 2.Net profits from discontinued operations(net losses are indicated by-)58,296,744.00 (2)Classi

144、fication by ownership 1.Net profits attributable to the owners of the parent company 9,101,970,170.00 2,025,175,746.00 2.Net profits attributable to minority interests 4,061,307,528.00 36,529,164.00 VI.Other comprehensive income,net of tax-160,804,149.00 184,621,267.00 Other comprehensive income att

145、ributable to the owners of the parent company,net of tax-174,268,754.00 220,697,688.00 (1)Other comprehensive income that will not be reclassified to profit or loss-214,495,965.00-26,301,283.00 1.Changes arising from remeasurement of defined benefit plans Third Quarter 2021 Report of TCL Technology

146、Group Corporation 25 2.Other comprehensive income that cannot be subsequently reclassified into profits and losses under the equity method 14,869,672.00-5,592,197.00 3.Changes in fair value of other equity instrument investments-229,365,637.00-20,709,086.00 4.Changes in fair value of the enterprises

147、 own credit risks 5.Others (2)Other comprehensive income that may subsequently reclassified into profit and loss 40,227,211.00 246,998,971.00 1.Other comprehensive income that can be transferred to profits and losses under the equity method-141,659,959.00 78,939,921.00 2.Changes in fair value of oth

148、er debt investments 118,211.00 3.Amount of financial assets reclassified into other comprehensive income 4.Provisions for credit impairment of other debt investments 5.Reserves for cash flow hedging-10,473,743.00 48,139,564.00 6.Conversion differences in foreign currency financial statements 192,242

149、,702.00 119,919,486.00 7.Others Other net comprehensive income attributable to minority interests,net of tax 13,464,605.00-36,076,421.00 VII.Total comprehensive income 13,002,473,549.00 2,246,326,177.00 Total comprehensive income attributable to the owners of the parent company 8,927,701,416.00 2,24

150、5,873,434.00 Total comprehensive income attributable to minority interests 4,074,772,133.00 452,743.00 VIII.Earnings per share:(1)Basic earnings per share 0.6756 0.1563 (2)Diluted earnings per share 0.6487 0.1497 Legal representative:Li Dongsheng Person in charge of accounting:Li Jian Head of accoun

151、ting department:Xi Wenbo 3.Consolidated Cash Flow Statement from the beginning of the year to the end of the reporting period Third Quarter 2021 Report of TCL Technology Group Corporation 26 Unit:RMB Item Amount incurred in the current period Amount incurred in the previous period I.Cash flow genera

152、ted from operating activities:Proceeds from sale of commodities and rendering of services 102,830,329,814.00 50,348,052,437.00 Net increase of deposits from customers and banks and other financial institutions-1,082,987,202.00 1,984,254,690.00 Net increase of borrowings from the Central Bank 819,320

153、,811.00 661,882,266.00 Net increase of borrowings from other financial institutions 500,100,000.00 Cash received from collecting premiums for original insurance contracts Net cash received for reinsurance business Net increase of deposits and investments of policyholders Cash received from interest,

154、service charges and commissions 113,395,395.00 123,172,687.00 Net increase of borrowed funds from banks and other financial institutions Net increase of repurchase business funds Net cash received from brokering securities transaction Tax and levy rebates 3,993,901,692.00 2,691,374,733.00 Cash gener

155、ated from other operating activities 5,956,428,024.00 1,704,768,084.00 Sub-total of cash generated from operating activities 113,130,488,534.00 57,513,504,897.00 Payments for commodities and services 73,019,566,104.00 36,638,895,339.00 Net increase of loans and advances to customers 324,408,575.00-9

156、91,814,418.00 Net increase of deposits with the Central Bank,banks and other financial institutions 299,437,969.00-284,795,549.00 Cash paid for claims for original insurance contracts Net increase of funds on loan Cash paid for interest,service charges and commissions Cash paid for policy dividends

157、Cash paid to and for employees 5,891,150,448.00 2,985,796,906.00 Taxes and levies paid 3,198,245,274.00 3,682,068,200.00 Cash used in other operating activities 6,437,971,103.00 3,612,284,290.00 Sub-total of cash used in operating activities 89,170,779,473.00 45,642,434,768.00 Net cash generated fro

158、m operating activities 23,959,709,061.00 11,871,070,129.00 II.Cash flow generated from investment activities:Third Quarter 2021 Report of TCL Technology Group Corporation 27 Proceeds from disinvestments 18,761,531,372.00 17,115,227,387.00 Proceeds from return on investments 1,486,814,462.00 783,085,

159、375.00 Net proceeds from disposal of fixed assets,intangible assets and other long-term assets 170,993,357.00 148,840.00 Net proceeds from disposal of subsidiaries and other business units 1,167,218,777.00 303,139,290.00 Cash generated from other investing activities 5,589,112.00 Sub-total of cash g

160、enerated from investment activities 21,592,147,080.00 18,201,600,892.00 Payments for the acquisition and construction of fixed assets,intangible assets and other long-term assets 20,703,364,427.00 23,959,069,555.00 Payments for investments 26,563,389,197.00 34,796,469,202.00 Net increase of pledged

161、loans Net payments for acquiring subsidiaries and other business units 4,139,504,958.00 Cash used in other investing activities 104,678,378.00 23,279,913.00 Subtotal of cash used in investing activities 51,510,936,960.00 58,778,818,670.00 Net cash used in investing activities-29,918,789,880.00-40,57

162、7,217,778.00 III.Cash flow generated from financing activities:Capital contributions received 10,064,658,519.00 3,262,240,000.00 Of which:Capital contributions by non-controlling interests to subsidiaries 10,064,658,519.00 3,262,240,000.00 Borrowings raised 48,844,261,186.00 53,060,270,869.00 Cash g

163、enerated from other financing activities 858,099,886.00 473,470,318.00 Sub-total of cash generated from financing activities 59,767,019,591.00 56,795,981,187.00 Cash paid for debt repayment 39,176,083,445.00 28,146,415,143.00 Cash paid for distribution of dividends and profits or payment of interest

164、s 5,851,178,360.00 4,080,360,106.00 Of which:Dividends and profits paid by subsidiaries to minority shareholders 412,425,974.00 279,523,652.00 Other cash paid in relation to financing activities 6,056,321,743.00 1,083,465,759.00 Subtotal of cash used in financing activities 51,083,583,548.00 33,310,

165、241,008.00 Net cash generated from financing activities 8,683,436,043.00 23,485,740,179.00 IV.Effect of exchange rate changes on cash and cash equivalents 3,648,815.00-46,170,424.00 V.Net increase of cash and cash equivalents 2,728,004,039.00-5,266,577,894.00 Plus:Beginning balance of cash and cash

166、equivalents 18,208,416,780.00 17,637,742,929.00 VI.Closing balance of cash and cash equivalents 20,936,420,819.00 12,371,165,035.00 Third Quarter 2021 Report of TCL Technology Group Corporation 28 Legal representative:Li Dongsheng Person in charge of accounting:Li Jian Head of accounting department:

167、Xi Wenbo II.Notes on adjustments in the financial statements 1.Adjustments to the beginning balances of the relevant items of the financial statements due to the adoption of the new Leasing Standards initially implemented beginning in 2021 Applicable Not applicable Whether there is need to adjust th

168、e beginning balances of the balance sheet items Yes No Consolidated Balance Sheet Unit:RMB Item December 31,2020 January 1,2021 Amount of adjustment Current assets:Monetary assets 21,708,904,743.00 21,708,904,743.00 Settlement reserves Funds on loan Held-for trading financial assets 5,300,045,879.00

169、 5,300,045,879.00 Derivative financial assets 453,578,245.00 453,578,245.00 Notes receivable 595,685,338.00 595,685,338.00 Accounts receivable 12,557,614,486.00 12,557,614,486.00 Receivables financing 2,176,743,646.00 2,176,743,646.00 Prepayments 1,355,653,454.00 1,355,653,454.00 Premiums receivable

170、 Reinsurance accounts receivable Reinsurance contract provisions receivable Other receivables 2,793,640,153.00 2,793,640,153.00 Of which:Interests receivable Dividends receivable Financial assets purchased under sale-back agreement Inventories 8,834,957,692.00 8,834,957,692.00 Contract assets 183,65

171、0,278.00 183,650,278.00 Third Quarter 2021 Report of TCL Technology Group Corporation 29 Held-for-sale assets 360,935,948.00 360,935,948.00 Non-current assets maturing within one year Other current assets 9,367,055,433.00 9,367,055,433.00 Total current assets 65,688,465,295.00 65,688,465,295.00 Non-

172、current assets:Loans and advances to customers 981,876,228.00 981,876,228.00 Debt investments 119,349,896.00 119,349,896.00 Other debt investments 152,062,601.00 152,062,601.00 Long-term receivables 778,889,309.00 778,889,309.00 Long-term equity investments 24,047,036,004.00 24,047,036,004.00 Invest

173、ments in other equity instruments 1,333,675,630.00 1,333,675,630.00 Other non-current financial assets 3,055,595,097.00 3,055,595,097.00 Investment property 1,664,201,130.00 1,664,201,130.00 Fixed assets 92,829,901,894.00 91,515,595,994.00-1,314,305,900.00 Construction-in-progress 31,508,310,783.00

174、31,508,310,783.00 Productive biological assets Oil and gas assets Right-of-use assets 1,856,862,180.00 1,856,862,180.00 Intangible assets 10,054,045,032.00 10,054,045,032.00 Development expenditures 2,103,994,558.00 2,103,994,558.00 Goodwill 6,943,264,794.00 6,943,264,794.00 Long-term deferred expen

175、ses 2,536,670,015.00 2,099,368,428.00-437,301,587.00 Deferred tax assets 1,578,087,991.00 1,578,087,991.00 Other non-current assets 12,532,852,630.00 12,532,852,630.00 Total non-current assets 192,219,813,592.00 192,325,068,285.00 105,254,693.00 Total assets 257,908,278,887.00 258,013,533,580.00 105

176、,254,693.00 Current liabilities:Short-term borrowings 12,263,713,979.00 12,263,713,979.00 Borrowings from the Central Bank 469,834,291.00 469,834,291.00 Borrowed funds Held-for-trading financial liabilities 527,901,041.00 527,901,041.00 Derivative financial liabilities 384,903,731.00 384,903,731.00

177、Notes payable 4,725,611,752.00 4,725,611,752.00 Third Quarter 2021 Report of TCL Technology Group Corporation 30 Accounts payable 16,468,931,544.00 16,468,931,544.00 Advances received 78,597,459.00 78,597,459.00 Contract liabilities 2,004,004,181.00 2,004,004,181.00 Financial assets sold under repur

178、chase agreement 50,080,208.00 50,080,208.00 Deposits from customers and banks and other financial institutions 2,850,138,744.00 2,850,138,744.00 Funds for brokering securities transaction Funds for brokering securities underwriting Remunerations payable 1,856,664,146.00 1,856,664,146.00 Taxes and le

179、vies payable 670,058,792.00 670,058,792.00 Other payables 14,869,433,359.00 14,869,433,359.00 Of which:Interests payable Dividends payable 1,293,097.00 1,293,097.00 Service charges and commissions payable Reinsurance accounts payable Held-for-sale liabilities Non-current liabilities maturing within

180、one year 13,429,669,611.00 13,449,071,421.00 19,401,810.00 Other current liabilities 366,970,706.00 366,970,706.00 Total current liabilities 71,016,513,544.00 71,035,915,354.00 19,401,810.00 Non-current liabilities:Insurance contract provisions Long-term borrowings 73,589,403,308.00 73,589,403,308.0

181、0 Bonds payable 18,040,772,610.00 18,040,772,610.00 Of which:Preferred stocks Perpetual bonds Lease liabilities 912,550,980.00 912,550,980.00 Long-term payables 1,280,299,665.00 453,601,568.00-826,698,097.00 Long-term remunerations payable 27,857,583.00 27,857,583.00 Estimated liabilities Deferred i

182、ncome 1,509,867,357.00 1,509,867,357.00 Deferred tax liabilities 2,386,496,733.00 2,386,496,733.00 Third Quarter 2021 Report of TCL Technology Group Corporation 31 Other non-current liabilities Total non-current liabilities 96,834,697,256.00 96,920,550,139.00 85,852,883.00 Total liabilities 167,851,

183、210,800.00 167,956,465,493.00 105,254,693.00 Owners equity:Capital stock 14,030,788,362.00 14,030,788,362.00 Other equity instruments 230,240,606.00 230,240,606.00 Of which:Preferred stocks Perpetual bonds Capital reserves 5,442,384,608.00 5,442,384,608.00 Less:Treasury stocks 1,913,028,859.00 1,913

184、,028,859.00 Other comprehensive income-145,573,093.00-145,573,093.00 Specific reserves 211,932.00 211,932.00 Surplus reserves 2,452,892,102.00 2,452,892,102.00 General risk provisions 385,534.00 385,534.00 Retained earnings 14,009,494,262.00 14,009,494,262.00 Total equity attributable to the owners

185、of the parent company 34,107,795,454.00 34,107,795,454.00 Minority interests 55,949,272,633.00 55,949,272,633.00 Total owners equity 90,057,068,087.00 90,057,068,087.00 Total liabilities and owners equity 257,908,278,887.00 258,013,533,580.00 105,254,693.00 Note on the adjustments As of January 1,20

186、21,the Company has adopted the Accounting Standards for Business Enterprises No.21-Leasing revised by the Ministry of Finance in 2018.The Company has adopted the simplified retroactive adjustment method to adjust the beginning balances of relevant items of the financial statements for the year of th

187、e initial implementation(January 1,2021)according to the cumulative impact of the initial implementation of the Standards based on the requirements of the new Leasing Standards,and has not adjusted the information for comparable periods.The impact of the implementation of the new Lease Standards on

188、the beginning balances of the relevant items of the Balance Sheet are shown as follows:Unit:RMB Item December 31,2020 Amount of adjustment January 1,2021 Fixed assets 92,829,901,894 -1,314,305,900 91,515,595,994 Right-of-use assets 1,856,862,180 1,856,862,180 Long-term prepaid expenses 2,536,670,015

189、 -437,301,587 2,099,368,428 Non-current liabilities maturing within one year 13,429,669,611 19,401,810 13,449,071,421 Lease liabilities 912,550,980 912,550,980 Third Quarter 2021 Report of TCL Technology Group Corporation 32 Long-term payables 1,280,299,665 -826,698,097 453,601,568 2.Notes on retros

190、pective adjustments to the previous comparative data due to adoption of the new Leasing Standards initially implemented beginning in 2021 Applicable Not applicable III.Auditors report Whether the Third Quarter 2021 Report has been audited or not?Yes No The Companys Third Quarter 2021 Report has not yet been audited.TCL Technology Group Corporation Board of Directors October 27,2021