Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019 Tunghsu Optoelectronic Technology Co., Ltd.
The Third Quarterly Report 2019
October 2019
Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019 I. Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company hereby guarantees that there are no misstatement, misleading representation or important omissions in this report and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof. All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Wang Lipeng, Person in charge of the Company, Ms.Feng Qiuju , Person in charge of accounting works, Mr.Wang Cang , Chief of the accounting organ (chief of accounting ) hereby confirm the authenticity and completeness of the financial report enclosed in this report.
Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019 II. Basic information about the company
I.Main financial data and financial index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
√Yes□No
Reasons for retrospective restatements:
Accounting policy change
||||||
|-|-|-|-|-|
|||||Changed （%）over|
||As at the end of the|As at the end of last year|||
|||||end of prev. year|
||reporting period||||
|||Before adjustment|After adjustment|After adjustment|
|Gross assets（Yuan）|72,440,407,897.85|72,576,122,859.60|72,576,122,859.60|-0.19%|
|Net assets attributable to the|33,282,397,733.05||32,521,130,925.14||
|shareholders of the listed company||32,521,130,925.14||2.34%|
|（Yuan）|||||
|||Increase/decrease over|Between beginning of||
|||||Changed （%）over|
||Reporting period|the same period of last|the year to the end of||
|||||end of prev. year|
|||year（%）|the report period||
|Operating revenue（Yuan）|4,091,106,986.20|-33.30%|12,566,196,209.13|-27.21%|
|Net profit attributable to the|290,704,217.37||1,134,880,387.35||
|shareholders of the listed company||-36.37%||-13.71%|
|（Yuan）|||||
|Net profit after deducting of|||||
|non-recurring gain/loss attributable|||||
||183,931,159.91|-58.26%|962,026,486.57|-23.16%|
|to the shareholders of listed|||||
|company（Yuan）|||||
|Net cash generated from /used in|||127,114,559.45||
||--|--||124.66%|
|operating activities（Yuan）|||||
|Basic earning per|0.05||0.20||
|||-37.50%||-13.04%|
|share(Yuan/Share)|||||
|Diluted gains per|0.05||0.20||
|||-37.50%||-13.04%|
|share(Yuan/Share)|||||
|Weighted average return on|||||
||0.88%|-39.31%|3.45%|-17.66%|
|equity（%）|||||

The Reason of the Change of the Accounting Policy and the Correction of the Accounting Error
Items and amount of non-current gains and losses
√ Applicable□ Not applicable
In RMB
Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
||Amount (Year-beginning to||
|Items||Notes|
||the end of the report period.)||
|Non-current asset disposal gain/loss(including the write-off part|||
||147,664,236.12||
|for which assets impairment provision is made)|||
|Govemment subsidy recognized in current gain and|||
|loss(excluding those closely related to the Company’s business|107,995,116.58||
|and granted under the state’s policies)|||
|Gain/loss on loans obtained by entrusting others|246,200.42||
|Other non-operating income and expenditure beside for the above|||
||4,745,332.46||
|items|||
|Less: Influenced amount of income tax|74,860,960.41||
|Amount of influence of minority interests（After tax）|12,936,024.39||
|Total|172,853,900.78|--|

For theCompany’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as recurring gains and losses, it is necessary to explain the reason.
□Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information disclosure explanatory Announcement No.1- Non–recurring gain/loss in the report period.
Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019 II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period 1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the Shares Held by Top Ten Common Shareholders
In shares
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||377,080( Including 360,087||||||||
|||||||||Total preference shareholders|||||
||||||shareholders holding A||||||||
||Total number of common shareholders at the|||||||with the voting power|||||
||||||shares and 16,993||||||0||
||period-end|||||||recovered at the end of the|||||
||||||shareholders holding B||||||||
|||||||||reporting period(if any)|||||
||||||shares)||||||||
||Shares held by the top 10 shareholders||||||||||||
||||||||||Amount of|Pledging or freezing|||
||||||||||tradable shares||||
||||Properties of||Share||||||||
||Shareholder name||||||Quantity||with|Status of the|||
||||shareholder||proportion %|||||||Quantity|
||||||||||Conditional|shares|||
||||||||||held||||
|Tunghsu Group Co., Ltd.||Domestic Non-State-owned legalperson||15.97%||915,064,091||352,006,791|||||
|||||||||||Pledge||799,643,042|
|Shijiazhuang BaoshiElectronic Group Co.,Ltd.||Domestic Non-State-owned legalperson||5.80%||332,382,171|||||||
|||||||||||Pledge||153,520,000|
|Shanghai HuimaoEnterprise ManagementCo., Ltd.||Domestic Non-State-owned legalperson||4.58%||262,626,262||262,626,262|||||
|||||||||||Pledge||80,000,000|
|Beixin Ruifeng Fund－China Merchants Bank－Daye Trust－DayeTrust·Profit increase 3single fund plan||Other||1.08%||62,095,032|||||||
|Shenzhen TaianerInformation TechnologyCo., Ltd.||Domestic Non-State-owned legalperson||1.07%||61,165,682|||||||
|||||||||||Pledge||55,265,682|
|Hong Kong SecuritiesClearing Co., Ltd.||Overseas Legalperson||0.94%||53,932,469|||||||
|Minsheng Royal FundManagement Co., Ltd－-Ping An Bank-DayeTrust·Zengli 2 singleFund Trust||Domestic Non-State-owned legalperson||0.85%||48,663,412|||||||
|Kunshan DevelopmentZone State-OwnedInvestment Holding Co.,Ltd.||State-owned legalperson||0.73%||41,838,269|||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
|||||||||
|-|-|-|-|-|-|-|-|
|Tunghsu OptoelectronicTechnology Co., Ltd.－The first ESOP||Other|0.63%||36,319,731|||
|China Securities FinanceCo., Ltd.||Domestic Non-State-owned legalperson|0.54%||30,906,112|||
||Shares held by the Top 10 Shareholders of Non-restricted shares|||||||
|||||||Share type||
||Shareholders’ Names|||Number of the non-restricted shares held||||
|||||||Share type|Quantity|
|Tunghsu Group Co., Ltd.|||563,057,300|||RMB||
|||||||Common|563,057,300|
|||||||shares||
|Shijiazhuang Baoshi Electronic Group Co.,Ltd.|||332,382,171|||RMB||
|||||||Common|332,382,171|
|||||||shares||
|Beixin Ruifeng Fund－China Merchants Bank－Daye Trust－Daye Trust·Profit increase 3single fund plan|||62,095,032|||RMB||
|||||||Common|62,095,032|
|||||||shares||
|Shenzhen Taianer Information Technology Co.,Ltd.|||61,165,682|||RMB||
|||||||Common|61,165,682|
|||||||shares||
|Hong Kong Securities Clearing Co., Ltd.|||53,932,469|||RMB||
|||||||Common|53,932,469|
|||||||shares||
|Minsheng Royal Fund Management Co., Ltd－-Ping An Bank-Daye Trust·Zengli 2 singleFund Trust|||48,663,412|||RMB||
|||||||Common|48,663,412|
|||||||shares||
|Kunshan Development Zone State-OwnedInvestment Holding Co., Ltd.|||41,838,269|||RMB||
|||||||Common|41,838,269|
|||||||shares||
|Tunghsu Optoelectronic Technology Co., Ltd.－The first ESOP|||36,319,731|||RMB||
|||||||Common|36,319,731|
|||||||shares||
|China Securities Finance Co., Ltd.|||30,906,112|||RMB||
|||||||Common|30,906,112|
|||||||shares||
|Pingan Bank Co., Ltd.-China stock 800 tradingopen index securities investment fund|||24,381,300|||RMB||
|||||||Common|24,381,300|
|||||||shares||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
|||
|-|-|
||Among the top ten shareholders , Tunghsu Group and, Baoshi Group have|
||relationship and constitute persons taking concerted action. The company does not|
|Explanation on shareholders participating in||
||know whether there is relationship between other 8 shareholders or whether they|
|the margin trading business||
||are persons taking concerted action defined in Administrative Measures Relating|
||to Acquisitions of Listed Companies|
|Participation of top 10 unconditional common||
|share shareholders in securities margin trading|Not applicable|
|(if any)||

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period.
□ Yes√ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy–back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the report period
□ Applicable√Not applicable
Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019 III Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as well as reasons for the changes
√ Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
|No|Items|Ending balance|Opening balance|Changes|Remarks on the change|
|1|Inventories|5,183,647,890.84|3,510,786,666.85|47.65%|Inventories increased by 47.65%,which’s mainly due to the stock for thecompletion of the follow-up orders andthe increase in the outstanding unsettledassets of the construction businesssegment.|
|2|Long-term accountreceivable|553,235,076.74|344,430,815.68|60.62%|The main reason is that the increase ofinstallment business leads to theincrease of long-term receivables.|
|3|Long-term accountpayable|1,552,195,921.05|2,644,309,592.95|-41.30%|Mainly due to the decrease in thebalance of finance lease loans|
|||Year-beginning to||||
||||Same period of last|||
|No|Items|the end of the report||Changes|Remarks on the change|
||||year|||
|||period||||
|1|Revenue|12,566,196,209.13|17,263,567,779.22|-27.21%|Mainly due to that the Companyoptimized the product structure andconcentrated the resources to strengthenthe quality product development.|
|2|Operating costs|9,911,799,916.26|14,026,126,902.57|-29.33%|Mainly due to corresponding changes inbusiness income|
|3|Sales expense|257,054,949.35|179,353,037.49|43.32%|Mainly due to the increased salespromotion|
|4|Other income|391,804,098.83|155,240,877.89|152.38%|Mainly due to the increase ingovernment grant|

II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
□ Applicable√ Not applicable
Progress in the implementation of share repurchase
□ Applicable√ Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding□ Applicable√ Not applicable
Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019 III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer, directors, supervisors, senior executives or other related parties in the reporting period and commitments unfinished in implementation at the end of the reporting period
□ Applicable√Not applicable
The company has no commitments completed in period and those without completed till lend of the period from actual controller, shareholders, related parties, purchaser and companies.
IV. Investment in securities
√ Applicable□Not applicable
In RMB
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||Book|||||||||
||||||||||||Book|||
||||||value|||||||||
||||||||Cumulat|Purchas|||value|||
|||||Mode of|balance|Changes|||Sale|||||
||||||||ive fair|e||Gain/los|balance|||
|||Stock|Initial|accounti|at the|in fair|||amount|||Account|Source|
|Security|Security||||||value|amount||s of the|at the|||
|||Abbrevi|investm|ng|beginni|value of|||in the|||ing|of the|
|category|code||||||changes|in the||reportin|end of|||
|||ation:|ent cost|measure|ng of|the this|||this|||items|shares|
||||||||in|this||g period|the|||
|||||ment|the|period|||period|||||
||||||||equity|period|||reportin|||
||||||reportin|||||||||
||||||||||||g period|||
||||||g period|||||||||
|||||||||||||Transac||
||||3,000,0|||||3,000,0|3,000,0|9,945.6|||Self|
|Bonds|204004|GC004||FVM|0.00|0.00|0.00||||0.00|tional||
||||00.00|||||00.00|00.00|1|||funds|
|||||||||||||financia||
||||3,000,0|||||3,000,0|3,000,0|9,945.6||||
|Total||||--|0.00|0.00|0.00||||0.00|--|--|
||||00.00|||||00.00|00.00|1||||
|Disclosure date for the||||||||||||||
|notice of approval by the||||||||||||||
|Board (If any)||||||||||||||
|Disclosure date for the||||||||||||||
|notice of approval by||||||||||||||
|shareholders’ Meeting (If||||||||||||||
|any)||||||||||||||

V. Entrusted Financial Management
□ Applicable√Not applicable
There is no Entrusted Financial Management during the report period.
VI. Investment in derivatives
□ Applicable√Not applicable
There is no derivative investment during the report period.
VII. The registration form of acceptance of investigation, communication and interview in the report
period for future reference
√ Applicable□Not applicable
Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
|||||
|-|-|-|-|
|Reception time|Way of reception|Types of visitors|Basic index|
||||Details can be found in the Record Chart of the|
|May 31,2019|Onsite investigation|Organization|Investor Relation Activity disclosed on Juchao|
||||website(www.cninfo.com.cn) on 31 May 2019.|
||||Details can be found in the Record Chart of the|
||||Investor Relation Activity disclosed on Juchao|
|September 16,2019|Onsite investigation|Organization||
||||website(www.cninfo.com.cn) on 16 September|
||||2019.|
|January 1,2019 --||||
||By phone|Individual|Company telephone records|
|September30,2019||||

VIII. External guarantee get out of line
□ Applicable√Not applicable
The Company has no external guarantee get out of the line in the Period
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company□ Applicable√Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company in Period
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Preparedby：Tunghsu Optoelectronic Technology Co., Ltd.
September 30,2019
In RMB
||||
|-|-|-|
|Items|September 30,2019|December 31,2018|
|Current asset：|||
|Cash and bank balances|18,316,331,896.27|19,807,094,397.16|
|Settlement provision|||
|Outgoing call loan|||
|Transactional financial assets|||
|Financial assets measured at fair|||
|value with variations accounted into|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|current income account|||
|Derivative financial assets|||
|Notes receivable|254,982,458.07|499,781,503.17|
|Account receivable|11,801,072,939.48|14,352,781,895.39|
|Financing of receivables|||
|Prepayments|6,149,290,112.13|5,215,414,219.51|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts|||
|receivable|||
|Other account receivable|1,821,457,689.85|1,125,991,020.55|
|Including：Interest receivable|143,850,518.91|56,811,961.67|
|Dividend receivable|||
|Repurchasing of financial assets|||
|Inventories|5,183,647,890.84|3,510,786,666.85|
|Contract assets|||
|Assets held for sales|119,355,435.58|119,355,435.58|
|Non-current asset due within 1 year|||
|Other current asset|842,775,602.57|809,360,778.49|
|Total of current assets|44,488,914,024.79|45,440,565,916.70|
|Non-current assets：|||
|Loans and payment on other’s behalf|||
|disbursed|||
|Debt investment|||
|Available for sale of financial assets||243,158,605.30|
|Other investment on bonds|||
|Expired investment in possess|||
|Long-term receivable|553,235,076.74|344,430,815.68|
|Long term share equity investment|2,220,130,837.05|2,174,347,969.22|
|Other equity instruments investment|||
|Other non-current financial assets|548,158,605.30||
|Property investment|703,253,374.12|686,993,881.02|
|Fixed assets|9,512,734,799.30|9,634,463,323.77|
|Construction in progress|4,956,647,559.30|5,013,941,980.61|
|Production physical assets|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Oil & gas assets|||
|Use right assets|||
|Intangible assets|1,071,918,499.27|1,146,949,745.14|
|Development expenses|40,072,802.72|37,122,235.94|
|Goodwill|2,702,403,019.28|2,835,672,586.90|
|Long-germ expenses to be amortized|22,903,926.50|21,884,204.82|
|Deferred income tax asset|529,157,272.82|533,094,627.68|
||5,090,878,100.66|4,463,496,966.82|
|Other non-current asset|||
|Total of non-current assets|27,951,493,873.06|27,135,556,942.90|
|Total of assets|72,440,407,897.85|72,576,122,859.60|
|Current liabilities|||
|Short-term loans|10,129,150,000.00|8,361,106,651.33|
|Loan from Central Bank|||
|Borrowing funds|||
|Transactional financial liabilities|||
|Financial liabilities measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial liabilities|||
|Notes payable|1,245,105,499.95|1,643,167,026.68|
|Account payable|7,169,816,748.49|8,632,927,106.20|
|Advance receipts|1,640,093,367.18|1,402,283,662.37|
|Contract Liabilities|||
|Selling of repurchased financial assets|||
|Deposit taking and interbank deposit|||
|Entrusted trading of securities|||
|Entrusted selling of securities|||
|Employees’ wage payable|147,644,202.06|238,146,977.17|
|Tax payable|374,808,968.47|817,173,127.12|
|Other account payable|2,627,744,791.21|2,089,603,676.60|
|Including：Interest payable|283,661,586.73|117,554,951.58|
|Dividend payable|89,544,942.34||
|Fees and commissions payable|||
|Reinsurance fee payable|||
|Liabilities held for sales|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Non-current liability due within 1 year|3,238,184,894.19|3,697,392,864.91|
|Other current liability|473,494,228.58|315,193,128.73|
|Total of current liability|27,046,042,700.13|27,196,994,221.11|
|Non-current liabilities：|||
|Reserve fund for insurance contracts|||
|Long-term loan|2,953,742,673.95|2,741,589,600.00|
|Bond payable|5,283,889,315.84|5,630,818,825.32|
|Including：preferred stock|||
|Sustainable debt|||
|Lease liability|||
|Long-term payable|1,552,195,921.05|2,644,309,592.95|
|Long-term remuneration payable to|||
|staff|||
|Expected liabilities|92,169,224.93|99,765,750.04|
|Deferred income|670,373,925.18|676,146,399.31|
|Deferred income tax liability|53,646,602.58|55,192,983.97|
|Other non-current liabilities|508,000,000.00|108,000,000.00|
|Total non-current liabilities|11,114,017,663.53|11,955,823,151.59|
|Total of liability|38,160,060,363.66|39,152,817,372.70|
|Owners’ equity|||
|Share capital|5,730,250,118.00|5,730,250,118.00|
|Other equity instruments|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|21,812,136,465.66|21,786,233,393.78|
|Less：Shares in stock|4,422,320.00|4,422,320.00|
|Other comprehensive income|-29,175.80|-29,175.80|
|Special reserve|14,215,188.29|12,614,331.35|
|Surplus reserves|245,507,019.95|245,507,019.95|
|Common risk provision|||
|Retained profit|5,484,740,436.95|4,750,977,557.86|
|Total of owner’s equity belong to the|||
||33,282,397,733.05|32,521,130,925.14|
|parent company|||
|Minority shareholders’ equity|997,949,801.14|902,174,561.76|
|Total of owners’ equity|34,280,347,534.19|33,423,305,486.90|

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Total of liabilities and owners’ equity|72,440,407,897.85|72,576,122,859.60|

 Legal representative：Wang Lipeng
Person-in-charge of the accountingwork：Feng Qiuju
Person-in -charge of the accountingorgan：Wang Cang
2. Balance sheet of Parent Company
In RMB
||||
|-|-|-|
|Items|September 30,2019|December 31,2018|
|Current asset：|||
|Cash and bank balances|4,680,260,358.50|9,732,302,654.23|
|Transactional financial assets|||
|Financial assets measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial assets|||
|Notes receivable||50,000.00|
|Account receivable|238,937,474.76|176,563,926.23|
|Financing of receivables|||
|Prepayments|2,778,960.71|2,008,364.11|
|Other account receivable|11,570,854,039.27|6,281,675,319.27|
|Including：Interest receivable|46,967,564.49|7,521,489.86|
|Dividend receivable|500,000,000.00|500,000,000.00|
|Inventories|187,539,316.81|269,759,580.95|
|Contract assets|||
|Assets held for sales|||
|Non-current asset due within 1 year|||
|Other current asset|148,973.38|148,973.38|
||16,680,519,123.43|16,462,508,818.17|
|Total of current assets|||
|Non-current assets：|||
|Debt investment|||
|Available for sale of financial assets||129,500,056.00|
|Other investment on bonds|||
|Expired investment in possess|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Long-term receivable|||
|Long term share equity investment|28,389,525,568.72|26,504,735,200.89|
|Other equity instruments investment|||
|Other non-current financial assets|429,500,056.00||
|Property investment|||
|Fixed assets|149,336,842.79|160,867,244.63|
|Construction in progress|||
|Production physical assets|||
|Oil & gas assets|||
|Use right assets|||
|Intangible assets|9,078,606.77|9,339,387.26|
|Development expenses|||
|Goodwill|||
|Long-germ expenses to be amortized|||
||102,498,508.59|119,964,967.85|
|Deferred income tax asset|||
|Other non-current asset|||
|Total of non-current assets|29,079,939,582.87|26,924,406,856.63|
|Total of assets|45,760,458,706.30|43,386,915,674.80|
|Current liabilities|||
|Short-term loans|6,529,000,000.00|4,278,000,000.00|
|Transactional financial liabilities|||
|Financial liabilities measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial liabilities|||
|Notes payable|||
|Account payable|7,214,450.15|11,500,796.58|
|Advance receipts|842,498.78|1,991,498.78|
|Contract Liabilities|||
|Employees’ wage payable|4,481,371.86|4,484,401.86|
|Tax payable|13,821,959.07|17,959,833.09|
|Other account payable|4,582,303,283.17|3,656,725,253.66|
|Including：Interest payable|263,454,751.86|97,197,464.99|
|Dividend payable|89,544,942.34||
|Liabilities held for sales|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Non-current liability due within 1 year|1,473,257,632.58|1,533,383,333.28|
|Other current liability|||
|Total of current liability|12,610,921,195.61|9,504,045,117.25|
|Non-current liabilities：|||
|Long-term loan|496,000,000.00||
|Bond payable|4,683,889,315.84|5,630,818,825.32|
|Including：preferred stock|||
|Sustainable debt|||
|Lease liability|||
|Long-term payable|||
|Long-term remuneration payable to|||
|staff|||
|Expected liabilities|||
|Deferred income|||
|Deferred income tax liability|||
|Other non-current liabilities|||
|Total non-current liabilities|5,179,889,315.84|5,630,818,825.32|
|Total of liability|17,790,810,511.45|15,134,863,942.57|
|Owners’ equity|||
|Share capital|5,730,250,118.00|5,730,250,118.00|
|Other equity instruments|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|21,832,453,907.50|21,832,453,907.50|
|Less：Shares in stock|4,422,320.00|4,422,320.00|
|Other comprehensive income|||
|Special reserve|||
|Surplus reserves|226,517,795.62|226,517,795.62|
|Retained profit|184,848,693.73|467,252,231.11|
|Total of owners’ equity|27,969,648,194.85|28,252,051,732.23|
|Total of liabilities and owners’ equity|45,760,458,706.30|43,386,915,674.80|

 3.Consolidated Income statement of the Report period
In RMB
Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Turnover|4,091,106,986.20|6,133,715,988.34|
|Including ：Operating income|4,091,106,986.20|6,133,715,988.34|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total operating costs|3,960,264,425.02|5,609,792,675.17|
|Including ：Operating costs|3,339,906,699.32|5,036,411,172.85|
|Interest expense|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Appropriation of deposit for duty, net|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|13,484,690.14|23,906,807.14|
|Sales expense|101,242,232.81|85,460,345.07|
|Administrative expense|129,084,674.37|148,717,384.56|
|R & D expense|152,203,114.68|167,589,371.79|
|Financial expenses|224,343,013.70|147,707,593.76|
|Including：Interest expense|309,177,328.11|260,361,572.27|
|Interest income|90,045,140.54|116,750,430.74|
|Add：Other income|169,152,359.66|46,878,821.37|
|Investment gain（“-”for loss）|137,097,767.53|17,356,371.68|
|Including: investment gains from|||
||-1,055,027.96|16,524,039.25|
|affiliates|||
|Financial assets measured at amortized|||
|cost cease to be recognized as income|||
|Gains from currency exchange|||
|Net exposure hedging income|||
|Changing income of fair value|||
|Credit impairment loss|-4,068,499.41||
|Impairment loss of assets|1,400,471.00|653,072.76|
|Assets disposal income|-2,073,076.28|-814,481.33|
|III. Operating profit（“-”for loss）|432,351,583.68|587,997,097.65|

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Add ：Non-operating income|1,881,466.41|8,221,514.11|
|Less: Non-operating expenses|2,259,372.16|1,196,410.58|
|IV. Total profit(“-”for loss)|431,973,677.93|595,022,201.18|
|Less：Income tax expenses|127,395,305.35|133,529,216.17|
|V. Net profit|304,578,372.58|461,492,985.01|
|(I) Classification by business|||
|continuity|||
|1.Net continuing operating profit|304,578,372.58|461,492,985.01|
|2.Termination of operating net profit|||
|(II) Classification by ownership|||
|1.Net profit attributable to the owners of|||
||290,704,217.37|456,861,464.93|
|parent company|||
|2.Minority shareholders’ equity|13,874,155.21|4,631,520.08|
|VI. Net after-tax of other comprehensive|||
|||-9,338.97|
|income|||
|Net of profit of other comprehensive inco|||
|||-2,996.12|
|me attributable to owners of the parent co|||
|mpany.|||
|（I）Other comprehensive income items|||
|that will not be reclassified into|||
|gains/losses in the subsequent accounting|||
|period|||
|1.Re-measurement of defined benefit pla|||
|ns of changes in net debt or net assets|||
|2.Other comprehensive income under the|||
|equity method investee can not be reclass|||
|ified into profit or loss.|||
|3. Changes in the fair value of|||
|investments in other equity instruments|||
|4. Changes in the fair value of the|||
|company’s credit risks|||
|5.Other|||
|（II）|||
|Other comprehensive income that will be||-2,996.12|
|reclassified into profit or loss.|||
|1.Other comprehensive income under the|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|equity method investee can be reclassifie|||
|d into profit or loss.|||
|2. Changes in the fair value of|||
|investments in other debt obligations|||
|3.Gains and losses from changes in fair v|||
|alue available for sale financial assets|||
|4. Other comprehensive income arising|||
|from the reclassification of financial|||
|assets|||
|5.Held-to-maturity investments reclassifi|||
|ed to gains and losses of available for sal|||
|e financial assets|||
|6. Allowance for credit impairments in|||
|investments in other debt obligations|||
|7. Reserve for cash flow hedges|||
|8.|||
|Translation differences in currency financ||-2,996.12|
|ial statements|||
|9.Other|||
|Net of profit of other comprehensive inco|||
|me attributable to Minority shareholders’||-6,342.85|
|equity|||
|VII. Total comprehensive income|304,578,372.58|461,483,646.04|
|Total comprehensive income attributable|||
||290,704,217.37|456,858,468.81|
|to the owner of the parent company|||
|Total comprehensive income|||
||13,874,155.21|4,625,177.23|
|attributable minority shareholders|||
|VIII. Earnings per share|||
|（I）Basic earnings per share|0.05|0.08|
|(II)Diluted earnings per share|0.05|0.08|

 The current business combination under common control, the net profits of the combined party before achieved ne t profit of RMB 0.00, last period the combined party realized RMB-9,555,668.76.
Legal representative：Wang Lipeng
Person-in-charge of the accountingwork：Feng Qiuju
Person-in -charge of the accountingorgan：Wang Cang
Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019 4.Income statement of the Parent Company of the Report period
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Revenue|1,135,035.03|3,256,300.61|
|Including ：Operating costs|876,819.06|2,218,588.34|
|Business tax and surcharge|990,268.44|915,072.46|
|Sales expense||18,769.00|
|Administrative expense|4,234,809.43|8,823,593.81|
|R & D expense|774,668.87||
|Financial expenses|105,138,400.02|103,671,007.85|
|Including：Interest expenses|207,064,079.10|132,725,693.85|
|Interest income|102,879,825.66|30,455,946.93|
|Add：Other income|||
|Investment gain（“-”for loss）|381,599,672.04|16,524,776.06|
|Including: investment gains from|||
||-1,055,027.96|16,524,776.06|
|affiliates|||
|Financial assets measured at|||
|amortized cost cease to be recognized|||
|as income|||
|Net exposure hedging income|||
|Changing income of fair value|||
|Credit impairment loss|||
|Impairment loss of assets||-52,500.00|
|Assets disposal income|||
|II. Operating profit（“-”for loss）|270,719,741.25|-95,813,454.79|
|Add ：Non-operating income|1,570.00|973.04|
|Less：Non -operating expenses|5,341.10|209,000.00|
|III. Total profit(“-”for loss)|270,715,970.15|-96,021,481.75|
|Less：Income tax expenses|40,765,649.72||
|IV. Net profit|229,950,320.43|-96,021,481.75|
|1.Net continuing operating profit|229,950,320.43|-96,021,481.75|
|2.Termination of operating net profit|||
|V. Net after-tax of other comprehensive|||
|income|||
|（I）Other comprehensive income items|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|that will not be reclassified into|||
|gains/losses in the subsequent|||
|accounting period|||
|1.Re-measurement of defined benefit pl|||
|ans of changes in net debt or net assets|||
|2.Other comprehensive income under th|||
|e equity method investee can not be recl|||
|assified into profit or loss.|||
|3. Changes in the fair value of|||
|investments in other equity instruments|||
|4. Changes in the fair value of the|||
|company’s credit risks|||
|5.Other|||
|（II）|||
|Other comprehensive income that will b|||
|e reclassified into profit or loss.|||
|1.Other comprehensive income under th|||
|e equity method investee can be reclassi|||
|fied into profit or loss.|||
|2. Changes in the fair value of|||
|investments in other debt obligations|||
|3.|||
|Gains and losses from changes in fair v|||
|alue available for sale financial assets|||
|4. Other comprehensive income|||
|arising from the reclassification of|||
|financial assets|||
|5.Held-to-maturity investments reclassif|||
|ied to gains and losses of available for s|||
|ale financial assets|||
|6. Allowance for credit impairments|||
|in investments in other debt obligations|||
|7. Reserve for cash flow hedges|||
|8.|||
|Translation differences in currency fina|||
|ncial statements|||
|9.Other|||
|VI. Total comprehensive income|229,950,320.43|-96,021,481.75|
|VII. Earnings per share|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||
|-|
|（I）Basic earnings per share|
|(II)Diluted earnings per share|

5. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Turnover|12,566,196,209.13|17,263,567,779.22|
|Including：Operating income|12,566,196,209.13|17,263,567,779.22|
|Interest income|||
|Insurance fee earned|||
|Commission charge and commission|||
|income|||
|II. Total operating costs|11,606,233,115.90|15,696,976,204.44|
|Including ：Operating costs|9,911,799,916.26|14,026,126,902.57|
|Interest expense|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Appropriation of deposit for duty,net|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|60,211,803.78|210,002,927.84|
|Sales expense|257,054,949.35|179,353,037.49|
|Administrative expense|411,202,698.94|412,996,869.13|
|R & D expense|373,530,637.91|325,561,757.35|
|Financial expenses|592,433,109.66|542,934,710.06|
|Including：Interest expense|897,744,842.39|856,102,489.72|
|Interest income|319,022,171.63|314,912,662.98|
|Add：Other income|391,804,098.83|155,240,877.89|
|Investment gain（“-”for loss）|159,148,105.57|41,062,889.87|
|Including: investment gains from|||
||16,382,867.83|28,360,663.73|
|affiliates|||
|Financial assets measured at amortized|||
|cost cease to be recognized as income|||
|Gains from currency exchange|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Net exposure hedging income|||
|Changing income of fair value|||
|Credit impairment loss|-13,735,862.13||
|Impairment loss of assets|-353,137.15|-405,516.55|
|Assets disposal income|-2,073,076.28|-1,479,307.78|
|III. Operating profit（“-”for loss）|1,494,753,222.07|1,761,010,518.21|
|Add ：Non-operating income|9,801,394.59|14,167,411.04|
|Less: Non-operating expense|4,574,800.13|3,964,222.59|
|IV. Total profit(“-”for loss)|1,499,979,816.53|1,771,213,706.66|
|Less：Income tax expenses|314,304,023.20|415,659,992.41|
|V. Net profit|1,185,675,793.33|1,355,553,714.25|
|(I) Classification by business|||
|continuity|||
|1.Net continuing operating profit|1,185,675,793.33|1,355,553,714.25|
|2.Termination of operating net profit|||
|(II) Classification by ownership|||
|1.Net profit attributable to the owners of|||
||1,134,880,387.35|1,315,157,554.01|
|parent company|||
|2.Minority shareholders’ equity|50,795,405.98|40,396,160.24|
|VI. Net after-tax of other comprehensive|||
|||4,756.26|
|income|||
|Net of profit of other comprehensive inco|||
|||4,756.26|
|me attributable to owners of the parent co|||
|mpany.|||
|（I）Other comprehensive income items|||
|that will not be reclassified into|||
|gains/losses in the subsequent accounting|||
|period|||
|1.Re-measurement of defined benefit pla|||
|ns of changes in net debt or net assets|||
|2.Other comprehensive income under the|||
|equity method investee can not be reclass|||
|ified into profit or loss.|||
|3. Changes in the fair value of|||
|investments in other equity instruments|||
|4. Changes in the fair value of the|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|company’s credit risks|||
|5.Other|||
|（II）|||
|||4,756.26|
|Other comprehensive income that will be|||
|reclassified into profit or loss.|||
|1.Other comprehensive income under the|||
|equity method investee can be reclassifie|||
|d into profit or loss.|||
|2. Changes in the fair value of|||
|investments in other debt obligations|||
|3.Gains and losses from changes in fair v|||
|alue available for sale financial assets|||
|4. Other comprehensive income arising|||
|from the reclassification of financial|||
|assets|||
|5.Held-to-maturity investments reclassifi|||
|ed to gains and losses of available for sal|||
|e financial assets|||
|6. Allowance for credit impairments in|||
|investments in other debt obligations|||
|7. Reserve for cash flow hedges|||
|8.|||
|Translation differences in currency financ||4,756.26|
|ial statements|||
|9.Other|||
|Net of profit of other comprehensive inco|||
|me attributable to Minority shareholders’|||
|equity|||
|VII. Total comprehensive income|1,185,675,793.33|1,355,558,470.51|
|Total comprehensive income attributable|||
||1,134,880,387.35|1,315,162,310.27|
|to the owner of the parent company|||
|Total comprehensive income|||
||50,795,405.98|40,396,160.24|
|attributable minority shareholders|||
|VIII. Earnings per share|||
|（I）Basic earnings per share|0.20|0.23|
|(II)Diluted earnings per share|0.20|0.23|

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019 The current business combination under common control, the net profits of the combined party before achieved ne t profit of RMB 0.00, last period the combined party realized RMB-9,555,668.76.
Legal representative：Wang Lipeng
Person-in-charge of the accountingwork：Feng Qiuju
Person-in -charge of the accountingorgan：Wang Cang
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Revenue|119,463,664.36|58,572,283.01|
|Including ：Operating costs|105,145,585.10|40,711,128.57|
|Business tax and surcharge|4,976,905.87|3,087,770.21|
|Sales expense||18,769.00|
|Administrative expense|20,956,885.00|33,117,331.75|
|R & D expense|2,472,551.86||
|Financial expenses|249,197,283.14|355,271,284.54|
|Including：Interest expenses|549,600,702.10|486,422,033.10|
|Interest income|302,394,392.44|132,632,720.00|
|Add：Other income|50,000.00||
|Investment gain（“-”for loss）|399,037,567.83|21,656,065.50|
|Including: investment gains from|||
||16,382,867.83|28,360,663.73|
|affiliates|||
|Financial assets measured at|||
|amortized cost cease to be recognized|||
|as income|||
|Net exposure hedging income|||
|Changing income of fair value|||
|Credit impairment loss|3,579.22||
|Impairment loss of assets|241.00|7,848,812.69|
|Assets disposal income|||
|II. Operating profit（“-”for loss）|135,805,841.44|-359,826,748.25|
|Add ：Non-operating income|379,929.80|1,644.45|
|Less：Non -operating expenses|5,341.10|209,000.15|
|III. Total profit(“-”for loss)|136,180,430.14|-360,034,103.95|

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Less：Income tax expenses|17,466,459.26|-1,269,693.27|
|IV. Net profit|118,713,970.88|-358,764,410.68|
|1.Net continuing operating profit|118,713,970.88|-358,764,410.68|
|2.Termination of operating net profit|||
|V. Net after-tax of other comprehensive|||
|income|||
|（I）Other comprehensive income items|||
|that will not be reclassified into|||
|gains/losses in the subsequent|||
|accounting period|||
|1.Re-measurement of defined benefit pl|||
|ans of changes in net debt or net assets|||
|2.Other comprehensive income under th|||
|e equity method investee can not be recl|||
|assified into profit or loss.|||
|3. Changes in the fair value of|||
|investments in other equity instruments|||
|4. Changes in the fair value of the|||
|company’s credit risks|||
|5.Other|||
|（II）|||
|Other comprehensive income that will b|||
|e reclassified into profit or loss.|||
|1.Other comprehensive income under th|||
|e equity method investee can be reclassi|||
|fied into profit or loss.|||
|2. Changes in the fair value of|||
|investments in other debt obligations|||
|3.|||
|Gains and losses from changes in fair v|||
|alue available for sale financial assets|||
|4. Other comprehensive income|||
|arising from the reclassification of|||
|financial assets|||
|5.Held-to-maturity investments reclassif|||
|ied to gains and losses of available for s|||
|ale financial assets|||
|6. Allowance for credit impairments|||
|in investments in other debt obligations|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|7. Reserve for cash flow hedges|||
|8.|||
|Translation differences in currency fina|||
|ncial statements|||
|9.Other|||
|VI. Total comprehensive income|118,713,970.88|-358,764,410.68|
|VII. Earnings per share|||
|（I）Basic earnings per share|||
|(II)Diluted earnings per share|||

7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or|||
||16,313,795,681.66|15,776,552,566.68|
|rending of services|||
|Net increase of customer deposits|||
|and capital kept for brother company|||
|Net increase of loans from central bank|||
|Net increase of inter-bank loans from|||
|other financial bodies|||
|Cash received against original insurance|||
|contract|||
|Net cash received from reinsurance|||
|business|||
|Net increase of client deposit and|||
|investment|||
|Cash received from interest,|||
|commission charge and commission|||
|Net increase of inter-bank fund received|||
|Net increase of repurchasing business|||
|Net cash received by agent in|||
|securities trading|||
|Tax returned|214,448,224.11|535,606,707.13|
|Other cash received from business|||
||1,054,754,750.55|1,445,590,352.94|
|operation|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Sub-total of cash inflow|17,582,998,656.32|17,757,749,626.75|
|Cash paid for purchasing of|||
||14,639,564,848.32|14,640,101,334.51|
|merchandise and services|||
|Net increase of client trade and advance|||
|Net increase of savings in central bank|||
|and brother company|||
|Cash paid for original contract claim|||
|Net increase for Outgoing call loan|||
|Cash paid for interest, processing fee|||
|and commission|||
|Cash paid for policy dividend|||
|Cash paid to staffs or paid for staffs|796,831,947.67|873,946,590.61|
|Taxes paid|858,148,458.85|718,192,319.59|
|Other cash paid for business activities|1,161,338,842.03|2,040,936,112.00|
|Sub-total of cash outflow from business|||
||17,455,884,096.87|18,273,176,356.71|
|activities|||
|Net cash generated from /used in|||
||127,114,559.45|-515,426,729.96|
|operating activities|||
|II. Cash flow generated by investing|||
|Cash received from investment|||
|||1,251,030,000.00|
|retrieving|||
|Cash received as investment gains||13,923,452.07|
|Net cash retrieved from disposal of|||
|fixed assets, intangible assets, and other|148,041.02|3,889,040.00|
|long-term assets|||
|Net cash received from disposal of|||
||154,823,420.43|393,727,652.59|
|subsidiaries or other operational units|||
|Other investment-related cash received|1,540,725,801.60|329,439,021.36|
|Sub-total of cash inflow due to|||
||1,695,697,263.05|1,992,009,166.02|
|investment activities|||
|Cash paid for construction of fixed|||
|assets, intangible assets and other|1,281,678,070.49|2,899,735,048.66|
|long-term assets|||
|Cash paid as investment|332,390,000.00|446,473,324.50|
|Net increase of loan against pledge|||
|Net cash received from subsidiaries and|||
|||108,724,611.43|
|other operational units|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Other cash paid for investment|||
||754,833,239.59|452,439,739.56|
|activities|||
|Sub-total of cash outflow due to|||
||2,368,901,310.08|3,907,372,724.15|
|investment activities|||
|Net cash flow generated by investment|-673,204,047.03|-1,915,363,558.13|
|III.Cash flow generated by financing|||
|Cash received as investment|131,690,000.00|6,399,500.00|
|Including: Cash received as investment|||
||125,000,000.00|6,399,500.00|
|from minor shareholders|||
|Cash received as loans|6,414,443,540.78|4,419,098,213.33|
|Other financing –related cash received|2,062,562,380.83|777,589,299.83|
|Sub-total of cash inflow from financing|||
||8,608,695,921.61|5,203,087,013.16|
|activities|||
|Cash to repay debts|6,652,951,104.36|6,926,972,109.28|
|Cash paid as dividend, profit, or|||
||1,227,738,290.72|1,171,170,999.61|
|interests|||
|Including: Dividend and profit paid by|||
|subsidiaries to minor shareholders|||
|Other cash paid for financing activities|713,106,691.62|704,299,273.76|
|Sub-total of cash outflow due to|||
||8,593,796,086.70|8,802,442,382.65|
|financing activities|||
|Net cash flow generated by financing|14,899,834.91|-3,599,355,369.49|
|IV. Influence of exchange rate|||
||-803,387.02|7,175,415.44|
|alternation on cash and cash equivalents|||
|V.Net increase of cash and cash|||
||-531,993,039.69|-6,022,970,242.14|
|equivalents|||
|Add: balance of cash and cash|||
||14,916,637,291.04|25,114,660,756.25|
|equivalents at the beginning of term|||
|VI ..Balance of cash and cash|||
||14,384,644,251.35|19,091,690,514.11|
|equivalents at the end of term|||

8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or|||
||100,044,957.17|70,757,928.40|
|rending of services|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Tax returned||13,719.30|
|Other cash received from business|||
||1,255,277,193.85|444,929,669.15|
|operation|||
|Sub-total of cash inflow|1,355,322,151.02|515,701,316.85|
|Cash paid for purchasing of|||
||2,062,657.18|34,817,201.76|
|merchandise and services|||
|Cash paid to staffs or paid for staffs|12,823,734.51|24,886,017.39|
|Taxes paid|33,282,120.77|33,226,454.45|
|Other cash paid for business activities|1,272,735,223.00|219,935,549.94|
|Sub-total of cash outflow from business|||
||1,320,903,735.46|312,865,223.54|
|activities|||
|Net cash generated from /used in|||
||34,418,415.56|202,836,093.31|
|operating activities|||
|II.Cash flow generated by investing|||
|Cash received from investment|||
|||1,770,000,000.00|
|retrieving|||
|Cash received as investment gains||678,923,452.07|
|Net cash retrieved from disposal of|||
|fixed assets, intangible assets, and other|||
|long-term assets|||
|Net cash received from disposal of|||
||400,000,000.00||
|subsidiaries or other operational units|||
|Other investment-related cash received|||
|Sub-total of cash inflow due to|||
||400,000,000.00|2,448,923,452.07|
|investment activities|||
|Cash paid for construction of fixed|||
|assets, intangible assets|||
|and other long-term assets|||
|Cash paid as investment|2,162,300,000.00|2,617,565,500.00|
|Net cash received from subsidiaries and|||
|other operational units|||
|Other cash paid for investment|||
||23,721,374,168.74|20,234,170,247.66|
|activities|||
|Sub-total of cash outflow due to|||
||25,883,674,168.74|22,851,735,747.66|
|investment activities|||
|Net cash flow generated by investment|-25,483,674,168.74|-20,402,812,295.59|
|III. Cash flow generated by financing|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Cash received as investment|||
|Cash received as loans|3,051,000,000.00|580,000,000.00|
|Other financing –related ash received|19,504,029,140.15|19,085,073,335.80|
|Sub-total of cash inflow from|||
||22,555,029,140.15|19,665,073,335.80|
|financing activities|||
|Cash to repay debts|1,468,383,333.28|3,281,257,300.02|
|Cash paid as dividend, profit, or|||
||688,082,349.42|735,920,735.65|
|interests|||
|Other cash paid for financing activities|1,350,000.00||
|Sub-total of cash outflow due to|||
||2,157,815,682.70|4,017,178,035.67|
|financing activities|||
|Net cash flow generated by financing|20,397,213,457.45|15,647,895,300.13|
|IV. Influence of exchange rate|||
|alternation on cash and cash equivalents|||
|V.Net increase of cash and cash|||
||-5,052,042,295.73|-4,552,080,902.15|
|equivalents|||
|Add: balance of cash and cash|||
||9,732,302,654.23|11,224,359,236.39|
|equivalents at the beginning of term|||
|VI ..Balance of cash and cash|||
||4,680,260,358.50|6,672,278,334.24|
|equivalents at the end of term|||

II Adjustments to the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according to the new standards for financial instruments, the new standards for revenues and the new standards for lease implemented commencing from year 2019
√ Applicable□ Not applicable
Consolidated balance sheet
In RMB
|||||
|-|-|-|-|
||||Amount involved in the|
|Items|December 31,2018|January 1,2019||
||||adjustment|
|Current asset：||||
|Cash and bank balances|19,807,094,397.16|19,807,094,397.16||
|Settlement provision||||
|Outgoing call loan||||
|Transactional financial assets||||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
|||||
|-|-|-|-|
|Financial assets measured||||
|at fair value with variations||||
|accounted into current||||
|income account||||
|Derivative financial assets||||
|Notes receivable|499,781,503.17|499,781,503.17||
|Account receivable|14,352,781,895.39|14,352,781,895.39||
|Financing of receivables||||
|Prepayments|5,215,414,219.51|5,215,414,219.51||
|Insurance receivable||||
|Reinsurance receivable||||
|Provisions of Reinsurance||||
|contracts receivable||||
|Other account receivable|1,125,991,020.55|1,125,991,020.55||
|Including：Interest receivable|56,811,961.67|56,811,961.67||
|Dividend receivable||||
|Repurchasing of financial||||
|assets||||
|Inventories|3,510,786,666.85|3,510,786,666.85||
|Contract assets||||
|Assets held for sales|119,355,435.58|119,355,435.58||
|Non-current asset due within||||
|1 year||||
|Other current asset|809,360,778.49|809,360,778.49||
|Total of current assets|45,440,565,916.70|45,440,565,916.70||
|Non-current assets：||||
|Loans and payment on||||
|other’s behalf disbursed||||
|Debt investment||||
|Available for sale of financial|243,158,605.30||-243,158,605.30|
|assets||||
|Other investment on bonds||||
|Expired investment in||||
|possess||||
|Long-term receivable|344,430,815.68|344,430,815.68||
|Long term share equity|2,174,347,969.22|||
|||2,174,347,969.22||
|investment||||
|Other equity instruments||||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
|||||
|-|-|-|-|
|investment||||
|Other non-current financial||||
|||243,158,605.30|243,158,605.30|
|assets||||
||686,993,881.02|686,993,881.02||
|Property investment||||
|Fixed assets|9,634,463,323.77|9,634,463,323.77||
|Construction in progress|5,013,941,980.61|5,013,941,980.61||
|Production physical assets||||
|Oil & gas assets||||
|Use right assets||||
|Intangible assets|1,146,949,745.14|1,146,949,745.14||
|Development expenses|37,122,235.94|37,122,235.94||
|Goodwill|2,835,672,586.90|2,835,672,586.90||
|Long-germ expenses to be|21,884,204.82|21,884,204.82||
|amortized||||
|Deferred income tax asset|533,094,627.68|533,094,627.68||
||4,463,496,966.82|4,463,496,966.82||
|Other non-current asset||||
|Total of non-current assets|27,135,556,942.90|27,135,556,942.90||
|Total of assets|72,576,122,859.60|72,576,122,859.60||
|Current liabilities||||
|Short-term loans|8,361,106,651.33|8,361,106,651.33||
|Loan from Central Bank||||
|Borrowing funds||||
|Transactional financial||||
|liabilities||||
|Financial liabilities measured||||
|at fair value with variations||||
|accounted into current||||
|income account||||
|Derivative financial liabilities||||
|Notes payable|1,643,167,026.68|1,643,167,026.68||
|Account payable|8,632,927,106.20|8,632,927,106.20||
|Advance receipts|1,402,283,662.37|1,402,283,662.37||
|Contract liabilities||||
|Selling of repurchased||||
|financial assets||||
|Deposit taking and interbank||||
|deposit||||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Entrusted trading of|||
|securities|||
|Entrusted selling of securities|||
|Employees’ wage payable|238,146,977.17|238,146,977.17|
|Tax payable|817,173,127.12|817,173,127.12|
|Other account payable|2,089,603,676.60|2,089,603,676.60|
|Including：Interest payable|117,554,951.58|117,554,951.58|
|Dividend payable|||
|Fees and commissions|||
|payable|||
|Reinsurance fee payable|||
|Liabilities held for sales|||
|Non-current liability due|3,697,392,864.91||
|||3,697,392,864.91|
|within 1 year|||
|Other current liability|315,193,128.73|315,193,128.73|
|Total of current liability|27,196,994,221.11|27,196,994,221.11|
|Non-current liabilities：|||
|Reserve fund for insurance|||
|contracts|||
|Long-term loan|2,741,589,600.00|2,741,589,600.00|
|Bond payable|5,630,818,825.32|5,630,818,825.32|
|Including：preferred stock|||
|Sustainable debt|||
|Lease liability|||
|Long-term payable|2,644,309,592.95|2,644,309,592.95|
|Long-term remuneration|||
|payable to staff|||
|Expected liabilities|99,765,750.04|99,765,750.04|
|Deferred income|676,146,399.31|676,146,399.31|
|Deferred income tax liability|55,192,983.97|55,192,983.97|
|Other non-current liabilities|108,000,000.00|108,000,000.00|
|Total non-current liabilities|11,955,823,151.59|11,955,823,151.59|
|Total of liability|39,152,817,372.70|39,152,817,372.70|
|Owners’ equity|||
|Share capital|5,730,250,118.00|5,730,250,118.00|

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Other equity instruments|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|21,786,233,393.78|21,786,233,393.78|
|Less：Shares in stock|4,422,320.00|4,422,320.00|
|Other comprehensive income|-29,175.80|-29,175.80|
|Special reserve|12,614,331.35|12,614,331.35|
|Surplus reserves|245,507,019.95|245,507,019.95|
|Common risk provision|||
|Retained profit|4,750,977,557.86|4,750,977,557.86|
|Total of owner’s equity|32,521,130,925.14||
|||32,521,130,925.14|
|belong to the parent company|||
|Minority shareholders’ equity|902,174,561.76|902,174,561.76|
|Total of owners’ equity|33,423,305,486.90|33,423,305,486.90|
|Total of liabilities and|72,576,122,859.60||
|||72,576,122,859.60|
|owners’ equity|||

Adjustment statement
According to the Accounting Standards for Business Enterprises No.22-Recognition and Measurement of Financial Instruments (CK[2017] No.7), the Accounting Standards for Business Enterprises No.23-Transfer of Financial Assets (CK[2017] No.8), the Accounting Standards for Business Enterprises No.24-Hedge Accounting (CK[2017] No.9), Accounting Standard for Business Enterprises No.37-Presentation of Financial Instruments (CK[2017] No.14) (hereinafter referred to as the new financial instruments standards) issued by the Ministry of Finance in 2017, in combination with the company's business mode of managing financial assets and the contractual cash flow characteristics of financial assets, the original available-for-sale financial assets are adjusted to be accounted for as financial assets measured at fair value with changes included in current profits and losses. Since the period is more than one year, it is listed as "other non-current financial assets" in the report.
Parent Company Balance Sheet
In RMB
|||||
|-|-|-|-|
||||Amount involved in the|
|Items|December 31,2018|January 1,2019||
||||adjustment|
|Current asset：||||
|Cash and bank balances|9,732,302,654.23|9,732,302,654.23||
|Transactional financial assets||||
|Financial assets measured||||
|at fair value with variations||||
|accounted into current||||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
|||||
|-|-|-|-|
|income account||||
|Derivative financial assets||||
|Notes receivable|50,000.00|50,000.00||
|Account receivable|176,563,926.23|176,563,926.23||
|Financing of receivables||||
|Prepayments|2,008,364.11|2,008,364.11||
|Other account receivable|6,281,675,319.27|6,281,675,319.27||
|Including：Interest receivable|7,521,489.86|7,521,489.86||
|Dividend receivable|500,000,000.00|500,000,000.00||
|Inventories|269,759,580.95|269,759,580.95||
|Contract assets||||
|Assets held for sales||||
|Non-current asset due within||||
|1 year||||
|Other current asset|148,973.38|148,973.38||
|Total of current assets|16,462,508,818.17|16,462,508,818.17||
|Non-current assets：||||
|Debt investment||||
|Available for sale of financial|129,500,056.00||-129,500,056.00|
|assets||||
|Other investment on bonds||||
|Expired investment in||||
|possess||||
|Long-term receivable||||
|Long term share equity|26,504,735,200.89|||
|||26,504,735,200.89||
|investment||||
|Other equity instruments||||
|investment||||
|Other non-current financial||||
|||129,500,056.00|129,500,056.00|
|assets||||
|Property investment||||
|Fixed assets|160,867,244.63|160,867,244.63||
|Construction in progress||||
|Production physical assets||||
|Oil & gas assets||||
|Use right assets||||
|Intangible assets|9,339,387.26|9,339,387.26||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Development expenses|||
|Goodwill|||
|Long-germ expenses to be|||
|amortized|||
|Deferred income tax asset|119,964,967.85|119,964,967.85|
|Other non-current asset|||
|Total of non-current assets|26,924,406,856.63|26,924,406,856.63|
|Total of assets|43,386,915,674.80|43,386,915,674.80|
|Current liabilities|||
|Short-term loans|4,278,000,000.00|4,278,000,000.00|
|Transactional financial|||
|liabilities|||
|Financial liabilities measured|||
|at fair value with variations|||
|accounted into current|||
|income account|||
|Derivative financial liabilities|||
|Notes payable|||
|Account payable|11,500,796.58|11,500,796.58|
|Advance receipts|1,991,498.78|1,991,498.78|
|Contract Liabilities|||
|Employees’ wage payable|4,484,401.86|4,484,401.86|
|Tax payable|17,959,833.09|17,959,833.09|
|Other account payable|3,656,725,253.66|3,656,725,253.66|
|Including：Interest|97,197,464.99||
|||97,197,464.99|
|payable|||
|Dividend payable|||
|Liabilities held for sales|||
|Non-current liability due|1,533,383,333.28||
|||1,533,383,333.28|
|within 1 year|||
|Other current liability|||
|Total of current liability|9,504,045,117.25|9,504,045,117.25|
|Non-current liabilities：|||
|Long-term loan|||
|Bond payable|5,630,818,825.32|5,630,818,825.32|
|Including：preferred stock|||

Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019
||||
|-|-|-|
|Sustainable debt|||
|Lease liability|||
|Long-term payable|||
|Long-term remuneration|||
|payable to staff|||
|Expected liabilities|||
|Deferred income|||
|Deferred income tax liability|||
|Other non-current liabilities|||
|Total non-current liabilities|5,630,818,825.32|5,630,818,825.32|
|Total of liability|15,134,863,942.57|15,134,863,942.57|
|Owners’ equity|||
|Share capital|5,730,250,118.00|5,730,250,118.00|
|Other equity instruments|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|21,832,453,907.50|21,832,453,907.50|
|Less：Shares in stock|4,422,320.00|4,422,320.00|
|Other comprehensive income|||
|Special reserve|||
|Surplus reserves|226,517,795.62|226,517,795.62|
|Retained profit|467,252,231.11|467,252,231.11|
|Total of owners’ equity|28,252,051,732.23|28,252,051,732.23|
|Total of liabilities and|43,386,915,674.80||
|||43,386,915,674.80|
|owners’ equity|||

Adjustment statement
According to the Accounting Standards for Business Enterprises No.22-Recognition and Measurement of Financial Instruments (CK[2017] No.7), the Accounting Standards for Business Enterprises No.23-Transfer of Financial Assets (CK[2017] No.8), the Accounting Standards for Business Enterprises No.24-Hedge Accounting (CK[2017] No.9), Accounting Standard for Business Enterprises No.37-Presentation of Financial Instruments (CK[2017] No.14) (hereinafter referred to as the new financial instruments standards) issued by the Ministry of Finance in 2017, in combination with the company's business mode of managing financial assets and the contractual cash flow characteristics of financial assets, the original available-for-sale financial assets are adjusted to be accounted for as financial assets measured at fair value with changes included in current profits and losses. Since the period is more than one year, it is listed as "other non-current financial assets" in the report.
Tunghsu Optoelectronic Technology Co., Ltd. The Third Quarterly Report 2019 2. Note to the retroactive adjustment of the previous comparative data according to the new standards for financial instruments and the new standards for lease implemented commencing from year 2019
√Applicable□Not applicable
Beginning January 1, 2019, the company began to implement the new financial instrument guidelines, This accounting policy change does not involve retrospective adjustments in previous years, and does not affect the Company's 2018 annual financial indicators.
III.Auditor’ report
Is the Third Quarterly Report be audited?
□ Yes√No
The Third Quarterly report is not audited.
Tunghsu Optoelectronic Technology Co., Ltd.
Board Chairman: Wang Lipeng
Issue day approved by the Board ofDirectors：October 30,2019