中鼎股份：AnhuiZhongdingSealingPartsCo.Ltd.ReportofQ12025.PDF

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1、Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 1 Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 Stock Abbreviation:Zhongding Stock Stock code:000887 April 2025 Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 2 The Company and all members of the Board of Directors have guara

2、nteed that the information disclosed is true,accurate and complete,and contains no false record,misleading statements or material omissions.Important Notice：1.Board of Directors,the Supervisory Committee as well as all the directors,supervisors and senior management staff of Anhui Zhongding Sealing

3、Parts Co.,Ltd.(hereinafter referred to as the“Company”)have guaranteed that this Report contains no false record,misleading statement or material omission and shall be jointly and severally liable for the factuality,accuracy and completeness of the information given in this Report.2.CEO of the Compa

4、ny,CFO of the Company,and Chief Accountant of Accounting Institution declared that the quarterly financial statements should be true,accurate and complete.In case of any discrepancy,the Chinese version of the report shall prevail.3.Whether the first quarter report was audited Yes No Anhui Zhongding

5、Sealing Parts Co.,Ltd.Report of Q1 2025 3 1.The Main Financial Data(1)Main accounting data and financial indicators Whether the company needs to retrospectively adjust or restate accounting data for previous years Yes No Unit:yuan 2025 Q1 2024Q1 YoY Change Operating Revenues 4,854,188,014.79 4,692,1

6、98,237.48 3.45%Net profit attributable to shareholders of the Company 402,511,020.02 360,935,095.41 11.52%Net profit attributable to shareholders of the Company before non-recurring gains and losses 366,728,480.92 302,014,681.35 21.43%Net cash flows from operating activities 336,931,381.34 322,482,4

7、69.62 4.48%Basic earnings per share(RMB Yuan /share)0.31 0.27 14.81%Diluted earnings per share(RMB Yuan /share)0.31 0.27 14.81%Weighted average return on net assets 3.05%2.96%0.09%30th March 2025 31st December 2024 YoY Change Total Assets 24,671,486,683.43 24,124,759,391.49 2.27%Net assets attributa

8、ble to shareholders of the Company 13,407,885,969.98 12,972,912,198.68 3.35%(2)Non-recurring gain and loss items and amounts thereof Applicable N/A Unit:yuan Item 2025 Q1 Note Profit or loss from disposal of non-current assets(including the write-off of the provision for impairment of assets)4,340,6

9、13.36 Government grants included in the current 8,427,036.76 Item Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 4 profit or loss(that is closely related to the operations of the Company,except for those of fixed quotas or amounts according to the nationally unified standards)Gains or losse

10、s from changes in fair value arising from the holding of trading financial assets,derivative financial assets,trading financial liabilities and derivative financial liabilities and investment income from the disposal of trading financial assets,derivative financial assets,trading financial liabiliti

11、es,derivative financial liabilities and other debt investments,excluding the effective hedging business related to the Companys normal business operations 9,625,556.69 Profits and losses arising from entrusted loans to external parties 17,448,550.72 Other non-operating income or expenses except the

12、above items 2,658,229.77 Less:Impact of income taxes 6,400,335.33 Impact of minority interests(after tax)317,112.87 Total 35,782,539.10 Details of other profit and loss items that meet the definition of non-recurring profit or loss Applicable N/A Not Applicable to the Company.For non-recurring profi

13、t or loss items defined by the Company according to the definitions under the Interpretative Announcement on Information Disclosure of Companies Offering Securities to the Public No.1 Non-recurring Profit or Loss and the non-recurring profit or loss items listed in the Interpretative Announcement on

14、 Information Disclosure of Companies Offering Securities to the Public No.1 Non-recurring Profit or Loss that have been defined as recurring profit or loss items by the Company,please provide the reasons Applicable N/A Not Applicable to the Company.(3)Major Changes of Main Items in Financial Stateme

15、nts and Financial Indicators within the Report Period,as well as the Reasons for the Changes Applicable N/A Explanation of the reasons for the changesExplanation of the reasons for the changes 單位：元 ProjectProject March 31,2025/January-March 2025 December 31,2024/January to March Change amount,change

16、 rangeChange amount,change range ExplanationExplanation Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 5 2024 Change amountChange amount Percentage Percentage change(%)change(%)ExplanationExplanation Trading financial assets 1,086,604,978.40 526,218,464.04 560,386,514.36 106.49%（1）The main

17、reason for the increase is that the number of bank wealth management products has risen this period.Advance payment 458,238,218.97 199,978,617.66 258,259,601.31 129.14%（2）The main reason for the increase is that the price of locked-in materials rose this period,leading to an increase in advance paym

18、ent for goods.Long-term equity investment 152,057,559.80 85,348,489.38 66,709,070.42 78.16%（3）The main reason for the increase is that the number of long-term equity investment projects has risen this period.Notes Payable 887,261,292.11 680,142,343.18 207,118,948.93 30.45%（4）The main reason for the

19、increase is that the amount of acceptance issued this period has risen.Provision for liabilities 88,255,127.10 57,235,197.88 31,019,929.22 54.20%（5）The main reason for the increase is that the liability items in the current period have increased as expected.Credit impairment loss -3,480,507.98 5,959

20、,144.22 -9,439,652.20 -158.41%（6）The main reason for the increase is that the change amount of accounts receivable in this period is greater than that of the same period last year.Impairment loss of assets -8,964,320.56 -20,973,958.35 12,009,637.79 -57.26%（7）The main reason for the decrease is that

21、the amount of inventory change in the current period is less than that in the same period last year.Gain from changes in fair value -296,043.21 -1,963,480.75 1,667,437.54 -84.92%（8）The main reason for the reduction is the change in fair value of trading financial assets and other non-current financi

22、al assets during the current period.Non-operating income 3,836,632.47 7,398,599.67 -3,561,967.20 -48.14%（9）The main reason for the decrease is that the income from non-operating items in this period has decreased.Non-operating expenses 2,305,475.22 824,128.91 1,481,346.31 179.75%（10）The main reason

23、for the increase is that the expenditure on non-operating items has risen this period.Received tax rebates and refunds 9,479,647.07 17,103,377.76 -7,623,730.69 -44.57%（11）The main reason for the reduction is that the amount of tax rebates received this period has decreased.Net cash received from dis

24、posal of fixed assets,intangible assets and other long-term 36,953,020.75 334,661.18 36,618,359.57 10941.92%（12）The main reason for the increase is that the amount of proceeds from the sale of assets received this period has risen.Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 6 assets Net

25、cash received from disposal of subsidiaries and other business units -10,729,282.63 -10,729,282.63 -100.00%（13）The main reason for the reduction is that last year we received the proceeds from the disposal of the subsidiary.Cash paid for the purchase and construction of fixed assets,intangible asset

26、s and other long-term assets 358,506,147.53 200,971,024.58 157,535,122.95 78.39%（14）The main reason for the increase is that the amount of capitalization payment made this period has risen.Cash paid for investment 68,500,000.00 124,800,000.00 -56,300,000.00 -45.11%（15）The main reason for the decreas

27、e is that the payment for external investment made this period has decreased.Cash paid for other activities related to investment activities 1,648,838,587.55 1,162,721,704.83 486,116,882.72 41.81%（16）The main reason for the increase is that the payment for purchasing wealth management products has r

28、isen this period.Cash received from absorption of investment 2,660,000.00 22,565,000.00 -19,905,000.00 -88.21%（17）The main reason for the decrease is that the subsidiary received less investment funds from minority shareholders this period.Cash paid for other activities related to financing activiti

29、es 16,147,469.64 9,653,754.87 6,493,714.77 67.27%（18）The main reason for the increase is that the payment of the bill guarantee deposit has risen this period.The impact of exchange rate fluctuations on cash and cash equivalents 20,080,238.40 -9,575,466.50 29,655,704.90 -309.71%（19）The main reason fo

30、r the increase is that the exchange rate of the euro against the RMB has risen.2.Shareholders and Shares(1)Total number of common shareholders and number of preferred shareholders whose voting rights were restored,shareholdings of the top ten common shareholders at the period-end unit：share Total nu

31、mber of common shareholders at the end of the Reporting Period 92,846 Total number of preferred shareholders with resumed voting rights at the end of the Reporting Period(if any)0 Top 10 common shareholders Name of shareholders Nature of shareholders Shareholding percentage Total shares held at the

32、period-end Number of restricted shares held Pledged or frozen shares Status Number Anhui Zhongding Domestic non-state-40.46%532,701,321.00 pledged 142,500,000.00 Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 7 Holding(Group)Co.,LTD owned corporation Hong Kong Securities Clearing Co.,Ltd.(H

33、KSCC)Foreign corporation 4.02%52,877,234.00 ZhangJianCheng Domestic natural person 0.94%12,400,000.00 China Agricultural Bank Co.,Ltd.-CSI 500 Trading-Open-ended Index Securities Investment Fund Others 0.76%10,018,929.00 JiangShiBo Domestic natural person 0.61%8,000,000.00 Miao Su 0.58%7,608,102.00

34、Agricultural Bank of China Life Insurance Co.,Ltd.-Traditional-Ordinary Insurance Product Others 0.46%6,047,020.00 China Life Insurance Company Limited-Traditional-General Insurance Products-005L-CT001 Shanghai Others 0.44%5,757,215.00 Zhao Xiyi Domestic natural person 0.43%5,720,666.00 Lu Guixin Do

35、mestic natural person 0.30%4,000,000.00 Top 10 non-restricted common shareholders Name of shareholder Number of non-restricted shares held Type of shares Type of shares Number Anhui Zhongding Holding(Group)Co.,LTD 532,701,321.00 RMB common stock 532,701,321.00 Hong Kong Securities Clearing Co.,Ltd.(

36、HKSCC)52,877,234.00 RMB common stock 52,877,234.00 ZhangJianCheng 12,400,000.00 RMB common 12,400,000.00 Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 8 stock China Agricultural Bank Co.,Ltd.-CSI 500 Trading-Open-ended Index Securities Investment Fund 10,018,929.00 RMB common stock 10,018,

37、929.00 JiangShiBo 8,000,000.00 RMB common stock 8,000,000.00 Miao Su 7,608,102.00 RMB common stock 7,608,102.00 Agricultural Bank of China Life Insurance Co.,Ltd.-Traditional-Ordinary Insurance Product 6,047,020.00 RMB common stock 6,047,020.00 China Life Insurance Company Limited-Traditional-Genera

38、l Insurance Products-005L-CT001 Shanghai 5,757,215.00 RMB common stock 5,757,215.00 Zhao Xiyi 5,720,666.00 RMB common stock 5,720,666.00 Lu Guixin 4,000,000.00 RMB common stock 4,000,000.00 Related or acting-in-concert parties among shareholders above The company does not know whether there is an as

39、sociated relationship between the shareholders,and whether it is a person acting in concert stipulated in the Administrative Measures for the Disclosure of Information on Changes in Shareholdings of Shareholders of Listed Companies.Notes on the existence of repurchase specialized accounts among the

40、top 10 shareholders(if any)As of March 31,2025,among the top 10 shareholders of the Company,shareholder Jiang Shibo held 8,000,000 shares of the Company through the customer credit transaction secured Securities account of CITIC Securities Co.,LTD.,and shareholder Miao Su held 7,607,441 shares of th

41、e Company through the customer credit transaction Secured Securities account of Huaxi Securities Co.,LTD.The lending of shares by shareholders holding more than 5%of shares,top 10 shareholders and top 10 shareholders with non-restricted sharesthe in the securities financing business Applicable N/A C

42、hanges in the top 10 shareholders and the top 10 shareholders without selling restriction due to securitieslending/returning transactions of refinancing business compared to the previous period Applicable N/A (2)Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and Anhui Zhong

43、ding Sealing Parts Co.,Ltd.Report of Q1 2025 9 Their Shareholdings Applicable N/A 3.Other Important Matters Applicable N/A 4.Quarterly Financial Statements(1)Financial Statements a.Consolidated Balance Sheet Prepared by：Anhui Zhongding Sealing Parts.,Ltd.31 March 2025 Unit：yuan Item 31 March 2025 31

44、 December 2024 Current assets:Cash at bank and on hand 2,312,216,938.76 2,772,344,517.25 Deposit reservation for balance Lending funds Trading financial assets 1,086,604,978.40 526,218,464.04 Derivative financial assets Notes receivable 579,362,733.05 654,448,526.64 Accounts receivable 4,071,654,090

45、.25 4,208,993,504.62 Receivables financing 590,830,342.49 474,174,107.07 Prepaid expense 458,238,218.97 199,978,617.66 Premium receivable Reinsurance accounts receivable Provision of cession receivable Other receivables 163,690,311.94 158,681,114.28 Including:interest receivable Dividend receivable

46、Redemptory monetary capital for sale Inventories 3,772,583,020.01 3,788,052,742.57 Including:data resource Contract assets 241,004,586.88 224,767,726.05 Holding assets for sale Current portion of non-current assets Other current assets 1,157,113,953.53 1,111,560,247.12 Total current assets 14,433,29

47、9,174.28 14,119,219,567.30 Non-current assets:Issuance of loans and advances Equity expense Other equity investments Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 10 Long-term receivables Long-term equity investments 152,057,559.80 85,348,489.38 Investments in other equity instruments 30,0

48、00,000.00 30,000,000.00 Other non-current financial assets 481,635,825.17 481,449,114.92 Investment properties Fixed assets 5,043,639,010.83 5,062,571,835.43 Construction in progress 660,104,423.83 508,313,962.16 Productive biological asset Oil and gas assets Right-of-use assets 323,892,802.51 336,7

49、53,573.84 Intangible assets 674,515,884.00 682,203,751.59 Including:data resource Development expenditures Including:data resource Goodwill 2,337,302,823.32 2,267,763,602.71 Long-term prepaid expenses 63,871,622.08 66,802,511.07 Deferred tax assets 232,973,374.45 227,928,250.46 Other non-current ass

50、ets 238,194,183.16 256,529,073.39 Total non-current assets 10,238,187,509.15 10,005,664,164.95 TOTAL ASSETS 24,671,486,683.43 24,124,883,732.25 Current liabilities:Short-term borrowings 2,468,128,720.48 2,294,149,549.93 Loans from the central bank Loans from other banks Trading financial liabilities

51、 Derivative financial liability 1,475,321.70 718,418.52 Notes payable 887,261,292.11 680,142,343.18 Accounts payable 3,141,366,947.94 3,497,648,333.91 Unearned revenue Contract liabilities 57,270,162.23 76,347,225.04 Financial assets sold for repurchase Deposits from customers and interbank Receivin

52、g from vicariously traded securities Receiving from vicariously sold securities Payroll payable 425,184,686.19 444,903,861.21 Tax payable 218,135,771.43 200,049,854.02 Other payables 142,097,270.94 163,984,907.68 Including:Interest payable Dividend payable 1,185.84 1,185.84 Handling fees and commiss

53、ions payable Dividend payable for reinsurance Holding liabilities for sale Current portion of non-current liabilities 2,341,123,366.28 2,289,594,104.53 Other current liabilities 9,155,349.13 9,422,219.53 Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 11 Total current liabilities 9,691,198,8

54、88.43 9,656,960,817.55 Non-current liabilities Reserve fund for insurance contracts Long-term borrowings 718,374,425.31 713,712,248.75 Bonds payable Including:Preferred stock Perpetual bonds Lease liabilities 237,005,403.13 242,954,806.80 Long-term payables Long-term payroll payable 117,538,420.90 1

55、12,020,015.23 Accrued liabilities 88,255,127.10 57,235,197.88 Deferred income 352,767,827.72 309,879,718.84 Deferred tax liabilities Other non-current liabilities Total non-current liabilities 1,513,941,204.16 1,435,801,987.50 Total liabilities 11,205,140,092.59 11,092,762,805.05 Shareholders equity

56、 Share capital 1,316,489,747.00 1,316,489,747.00 Other equity instruments Including:Preferred stock Perpetual bond Capital surplus 3,394,079,775.59 3,394,079,775.59 Less:Treasury stock Other comprehensive income-217,674,035.01-249,954,047.32 Special reserve 2,254,577.98 2,071,839.01 Surplus reserve

57、669,753,166.88 669,753,166.88 General risk reserve Undistributed profits 8,242,982,737.54 7,840,596,058.28 Total equity attributable to shareholders of the Company 13,407,885,969.98 12,973,036,539.44 Minority interests 58,460,620.86 59,084,387.76 Total shareholders equity 13,466,346,590.84 13,032,12

58、0,927.20 TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 24,671,486,683.43 24,124,883,732.25 Legal representative：Xia Yingsong Principal in charge of accounting：Yi Shanbing Head of accounting department：Zhujian b.Consolidated Income Statements for the Three Months Ended 31March 2025 Unit：yuan Item Q1 of 2

59、025 Q1 of 2024 Total revenue 4,854,188,014.79 4,692,198,237.48 Including:Operating revenue 4,854,188,014.79 4,692,198,237.48 Interest income Earned Premium Handling fees and commission income Total revenue 4,426,182,865.18 4,317,593,564.22 Including:Operating revenue 3,721,982,390.18 3,640,255,554.7

60、8 Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 12 Interest income Handling fees and commission expenses Surrender value Net payments for insurance claims Net provision for insurance liability Bond insurance expense Amortized Reinsurance Expenditures Taxes and surcharges 32,345,480.82 31,8

61、87,051.91 Selling and distribution expenses 115,152,407.72 117,084,377.09 General and administrative expenses 267,382,919.01 243,993,726.30 Research and development expenses 244,560,642.83 215,009,332.11 Financial income 44,759,024.62 69,363,522.03 Including:Interest expenses 57,569,464.51 57,639,71

62、2.41 Interest income 7,329,427.89 3,665,976.25 Add:Other income 34,208,306.88 43,581,732.06 Investment income/(loss)24,369,185.82 22,523,118.12 Including:Investment income from associates and joint ventures-3,111,811.77-4,598,895.66 Including:Profits or losses arising from derecognition of financial

63、 assets measured at amortized costs Foreign exchange gains/(losses)Net exposure to hedging gains/(losses)Gains/(Losses)on changes in fair value-296,043.21-1,963,480.75 Credit impairment losses-3,480,507.98 5,959,144.22 Asset impairment losses-8,964,320.56-20,973,958.35 Losses on disposal of assets 8

64、,464,951.85-186,376.00 Operating profit 482,306,722.41 423,544,852.56 Add:Non-operating income 3,836,632.47 7,398,599.67 Less:Non-operating expenses 2,305,475.22 824,128.91 Total profit 483,837,879.66 430,119,323.32 Less:Income tax expenses 84,611,879.92 71,336,165.09 Net Profit 399,225,999.74 358,7

65、83,158.23(1)Classified by continuity of operations Net profit from continuing 399,225,999.74 358,783,158.23 Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 13 operations Net profit from discontinued operations (2)Classified by ownership of the equity Attributable to shareholders of the Compa

66、ny 402,511,020.02 360,935,095.41 Minority interests-3,285,020.28-2,151,937.18 Other comprehensive income,net of tax 32,280,012.31-67,227,079.40 Other comprehensive income attributable to equity owners of the Company,net of tax 32,280,012.31-67,227,079.40(1)Other comprehensive income items which will

67、 not be reclassified subsequently to profit or loss-2,540,432.72 2,163,320.84 1)Changes arising from remeasurement of defined benefit plan-2,540,432.72 2,163,320.84 2)Other comprehensive income that cannot be transferred to profit or loss under the equity method 3)Changes in fair value of investment

68、s in other equity instruments 4)Changes in fair value of an enterprises own credit risk 5)Others (2)Other comprehensive income items which will be reclassified subsequently to profit or loss 34,820,445.03-69,390,400.24 1)Other comprehensive income available for transfer to profit or loss under the e

69、quity method 2)Changes in fair value of other debt investments 3)Reclassification of financial assets to other comprehensive income 4)Provision for credit impairment of other debt investments 5)Cash flow hedge reserve 6)Exchange differences on translating foreign operations 34,820,445.03-69,390,400.

70、24 7)Others Other comprehensive income attributable to minority Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 14 shareholders,net of tax Total comprehensive income 431,506,012.05 291,556,078.83 Attributable to equity owners of the Company 434,791,032.33 293,708,016.01 Attributable to minor

71、ity interests-3,285,020.28-2,151,937.18 Earnings per share:(1)Basic earnings per share 0.31 0.27(2)Diluted earnings per share 0.31 0.27 In the case of a business combination under the same control in the current period,the net income realized by the party being consolidated before the combination wa

72、s:RMB,and the net income realized by the party being consolidated in the previous period was:RMB.Legal representative：Xia Yingsong Principal in charge of accounting：Yi Shanbing Head of accounting department：Zhujian c.Consolidated Cash Flow Statements Unit：yuan Item Q1 of 2025 Q1 of 2024 1.Cash flows

73、 from operating activities Cash received from sales of goods or rendering of services 4,154,901,017.91 4,018,440,517.56 Net increase in customer deposits and deposits from banks and other financial institutions Net decrease in deposits with the Central Bank Net decrease in deposits with other financ

74、ial institutions Cash received from premiums of original insurance contracts Net cash received from reinsurance operations Net increase in policyholders savings and investment funds Cash received from interest,fee and commission Net increase in borrowed funds Net increase in funds for repurchase ope

75、rations Net cash received from agency purchases and sales of securities Refund of taxes and surcharges 9,479,647.07 17,103,377.76 Cash received relating to other operating activities 59,109,107.66 58,768,126.48 Sub-total of cash inflows 4,223,489,772.64 4,094,312,021.80 Cash paid for goods and 2,275

76、,679,807.46 2,216,727,168.55 Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 15 services Net increase in loans and advances to customers Deposits from banks and other financial institutions Cash payment of benefits from the original insurance contract Net increase in funds removed Cash paid

77、for interest,fee and commission Cash paid as policy dividends Cash paid to and on behalf of employees 1,177,117,877.03 1,142,637,229.70 Payments of taxes and surcharges 227,761,923.83 222,215,286.80 Cash paid relating to other operating activities 205,998,782.98 190,249,867.13 Sub-total of cash outf

78、lows 3,886,558,391.30 3,771,829,552.18 Net cash flows from operating activities 336,931,381.34 322,482,469.62 2.Cash flows from investing activities Cash received from disposal of investments 0.00 0.00 Cash received from returns on investments 0.00 0.00 Net cash received from disposal of fixed asset

79、s,intangible assets and other long-term assets 36,953,020.75 334,661.18 Net cash received from disposal of subsidiaries and other business units 0.00 10,729,282.63 Cash received relating to other investing activities 1,075,995,819.06 1,093,760,159.84 Sub-total of cash inflows 1,112,948,839.81 1,104,

80、824,103.65 Cash paid to acquire fixed assets,intangible assets and other long-term assets 358,506,147.53 200,971,024.58 Cash paid to acquire investments 68,500,000.00 124,800,000.00 Net increase in pledged loans Net cash paid to acquire subsidiaries and other business units 0.00 0.00 Cash paid relat

81、ing to other investing activities 1,648,838,587.55 1,162,721,704.83 Sub-total of cash outflows 2,075,844,735.08 1,488,492,729.41 Net cash flows from investing activities-962,895,895.27-383,668,625.76 3.Cash flows from financing activities Cash received from capital contributions 2,660,000.00 22,565,

82、000.00 Anhui Zhongding Sealing Parts Co.,Ltd.Report of Q1 2025 16 Including:Cash received from capital contributions by minority shareholders of subsidiaries 2,660,000.00 22,565,000.00 Cash received from borrowings 1,492,506,730.40 1,264,990,923.54 Cash received relating to other financing activitie

83、s 18,159,280.41 24,035,219.33 Sub-total of cash inflows 1,513,326,010.81 1,311,591,142.87 Cash repayments of borrowings 1,283,428,162.49 1,022,403,489.86 Cash payments for interest expenses and distribution of dividends or profits 45,887,930.36 56,671,158.27 Including:Cash payments for dividends or

84、profit to minority shareholders of subsidiaries Cash payments relating to other financing activities 16,147,469.64 9,653,754.87 Sub-total of cash outflows 1,345,463,562.49 1,088,728,403.00 Net cash flows from financing activities 167,862,448.32 222,862,739.87 4.Effect of foreign exchange rate change

85、s on cash and cash equivalents 20,080,238.40-9,575,466.50 5.Net increase in cash and cash equivalents-438,021,827.21 152,101,117.23 Add:Cash and cash equivalents at the beginning of the period 2,697,486,431.30 1,774,186,205.78 6.Cash and cash equivalents at the end of the period 2,259,464,604.09 1,926,287,323.01(2)Adjustments to financial statements at the beginning of the year of first implementation of new accounting standards for the first time starting in 2025 Applicable N/A(3)Auditing Report Whether the first quarterly report was audited Yes No The first quarterly report was not audited.