Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017 Dongxu Optoelectronic Technology Co., Ltd.
The First Quarterly Report 2017
April 2017
Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017 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. Li Zhaoting, The Company leader, Mr.Huang Jinliang, Chief financial officer and the Mr.Gao Feipeng, the person in charge of the accounting department (the person in charge of the accounting )declare: the financial report carried in this report is authentic and completed
Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017 II. Basic information about the company
I.Main financial data and financial index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not.
□ Yes√ No
|||||
|-|-|-|-|
||||Changes of this period over|
||This period|Same period of last year||
||||same period of last year|
|Operating income（RMB）|2,169,628,215.08|1,581,690,834.17|37.17%|
|Net profit attributable to the shareholders|392,782,644.51|347,750,532.74||
||||12.95%|
|of the listed company（RMB）||||
|Net profit after deducting of non-recurring||||
|gain/loss attributable to the shareholders of|290,972,061.96|269,369,501.10|8.02%|
|listed company（RMB）||||
|Cash flow generated by business operation,|-832,363,127.03|-934,819,444.05||
||||-10.96%|
|net（RMB）||||
|Basic earning per share(RMB/Share)|0.08|0.09|-11.11%|
|Diluted gains per|0.08|0.09||
||||-11.11%|
|share(RMB/Share)(RMB/Share)||||
|Weighted average return on equity（%）|1.75%|2.40%|-0.65%|
||||Changes of this period-end|
||End of this period|End of last period|over same period-end of last|
||||year(%)|
|Gross assets（RMB）|47,651,364,079.28|46,826,319,570.41|1.76%|
|Net assets attributable to the shareholders|22,609,481,410.37|22,216,300,365.86||
||||1.77%|
|of the listed company（RMB）||||

Items and amount of non-current gains and losses
√ Applicable□ Not applicable
In RMB
||||
|-|-|-|
||Amount (Year-beginning to theend of the report period.)||
|Items||Notes|
|Govemment subsidy recognized in current gain and loss(excluding those|||
|closely related to the Company’s business and granted under the state’s|143,037,216.39||
|policies)|||

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Gain/loss on loans obtained by entrusting others|1,613,345.11||
|Other non-operating income and expenditure beside for the above items|148,672.05||
|Less: Influenced amount of income tax|25,370,571.30||
|Amount of influence of minority interests（After tax）|17,618,079.70||
|Total|101,810,582.55|--|

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.
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
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Total number of common|370,545(including 353,006 shareholders||||Total preference shareholders with the|||||
|shareholders at the|holding A shares and 17,539 shareholders||||voting power recovered at the end of the||||0|
|period-end|holding B shares)||||reporting period(if any)|||||
|Shares held by the top 10 shareholders||||||||||
|||||||Amount of|Pledging or freezing|||
|||Properties of|Share|||tradable shares||||
|Shareholder name||||Quantity|||Status of the|||
|||shareholder|proportion %|||with Conditional||Quantity||
||||||||shares|||
|||||||held||||
|Dongxu Group||Domestic Non-State-ownedlegal person|11.32%|558,968,800||||||
||||||||Pledge|558,962,697||
|Shijiazhuang Baoshi ElectronicGroup Co., Ltd.||Domestic Non-State-ownedlegal person|6.73%|332,382,171||||||
||||||||Pledge|153,520,000||
|China Fund Management Co.,Ltd.－Huaxia Bank－TTCOTrust Co., Ltd.－TTCO TrustCo., Ltd.－Shunjing No.5Single capital trust||Other|4.51%|222,575,516||||||
|Minsheng Royal FundManagement Co., Ltd.-Ping AnBank-Ping An Trust-Ping An||Other|3.71%|183,284,457||||||

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||||||||
|-|-|-|-|-|-|-|-|-|
|Wealth* Huitai No.163 SingleFund Trust|||||||||
|Sws Mu Fund ManagementCo.,Ltd.－China MerchantsBank－Huarun Shen Stateinvestment trust－Ruihuaincrease funds No. 2Collective capital trust plan|Other|2.25%||111,287,758|||||
|Penghua Fund－Ningbo Bank－Daye Trust－DayeTrust·Dongxu Optoelectronicincrease funds II Single fundtrust|Other|2.25%||111,287,758|||||
|STAS Asset Management－Ningbo Bank－Minsheng Trust－China Minsheng Trust·ZhixinNo.208 Dongxu Optoelectronicincrease collective fund trustplan|Other|2.25%||111,287,758|||||
|Shenzhen Taianer InformationTechnology Co., Ltd.|Domestic Non-State-ownedlegal person|2.24%||110,492,845|||||
|||||||Pledge||32,000,000|
|Qianhai Equity InvestmentFund（LP）|Domestic Non-State-ownedlegal person|2.24%||110,492,845|||||
|||||||Pledge||110,492,845|
|Nuoan Fund－XingyeSecurities－Nanjing ShuanganAssets Management Co., Ltd.|Other|2.24%||110,492,845|||||
|Shares held by the Top 10 Shareholders of Non-restricted shares|||||||||
||||Number of the non-restricted||Share type||||
|Shareholders’ Names|||||||||
||||shares held||Share type||Quantity||
|Shijiazhuang Baoshi Electronic Group Co., Ltd.|||332,382,171||RMB Common||||
||||||||332,382,171||
||||||shares||||
|Minsheng Royal Fund Management Co., Ltd.-Ping AnBank-Ping An Trust-Ping An Wealth* Huitai No.163 SingleFund Trust|||183,284,457||||||
||||||RMB Common||||
||||||||183,284,457||
||||||shares||||
|Dongxu Group|||119,086,103||RMB Common||||
||||||||119,086,103||
||||||shares||||
|HuaAn Future Asset-ICBC-No.1 Asset Management Plan ofDongxu Optoelectronic’s Private Placement|||96,774,193||RMB Common||||
||||||||96,774,193||
||||||shares||||

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
|||||
|-|-|-|-|
|Bosera Capital-Ping An Bank- Ping An Trust-Ping AnWealth* Huitai No.164 Single Fund Trust|83,610,154|RMB Common||
||||83,610,154|
|||shares||
|Bosera Capital-Ping An Bank- Ping An Trust-Ping AnWealth* Huitai No.164 Single Fund Trust|34,078,650|RMB Common||
||||34,078,650|
|||shares||
|Huijin Asset Management Co., Ltd.|24,205,500|RMB Common||
||||24,205,500|
|||shares||
|Xie Xiantuan|17,044,700|RMB Common||
||||17,044,700|
|||shares||
|Cuiyi International Marble Co., Ltd.|6,693,699|Foreign shares||
|||placed in||
||||6,693,699|
|||domestic||
|||exchange||
|China Securities Finance Co., Ltd.|6,380,178|RMB Common||
||||6,380,178|
|||shares||
||Among the shareholders , Dongxu Group and Baoshi Group have|||
||relationship and constitute persons taking concerted action. The|||
|Explanation on shareholders participating in the margin|company does not know whether there is relationship between other|||
|trading business|shareholders or whether they are persons taking concerted action|||
||defined in Administrative Measures Relating to Acquisitions of|||
||Listed Companies.|||
||The natural persons in the top ten Non-restricted common|||
|Participation of top 10 unconditional common share|stockholders Xie Xiantuan holds 15,688.700 shares through stock|||
|shareholders in securities margin trading (if any)|account with credit transaction and guarantee of Huatai Securities|||
||Co., Ltd., taking 0.32% of the total shares in the company.|||

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
Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017 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
||||||||||
|-|-|-|-|-|-|-|-|-|
|||This period||Same period of last||Increase/|||
|Financial index||||||||Main reason for change|
|||（RMB）||year（RMB）||decrease|||
||34,770,496.61||55,340,287.95||-37.17%||Mainly due to the maturity of thenotes due.||
|Notes receivable|||||||||
||2,196,690,299.68||862,432,895.10||154.71%||Mainly due to the increase in purchasing stockings for business growth||
|Prepayments|||||||||
|Other account|381,737,647.00||186,071,085.24||105.16%||Mainly due to the increase in bidbond.||
|receivable|||||||||
|Long-term equity|492,115,861.67||72,354,803.70||580.14%||Mainly due to increase in equityinvestment.||
|investment|||||||||
|Construction in process|2,482,099,182.83||1,772,629,310.84||40.02%||Mainly due to the construction line.||
||-||304,468.05||-100.00%||Mainly due to the carrying out ofengineering materials.||
|Engineering material|||||||||
||204,077,242.49||387,151,100.41||-47.29%||Mainly due to advance constructionprojects transferred to construction inprogress.||
|Other non-current assets|||||||||
|Notes payable|218,575,592.00||393,136,676.05||-44.40%||Mainly due to the payment due.||
||1,031,020,944.43||414,078,061.38||148.99%||Mainly due to the increase in advancepayment||
|Advance payment|||||||||
||150,385,512.24||81,610,513.91||84.27%||Mainly due to the increase in the sizeof the financing caused by theincrease in interest increase in interest||
|Interest payable|||||||||
||-||30,000,000.00||-100.00%||Mainly dividends due to the currentpayment due.||
|Dividend payable|||||||||
||2,169,628,215.08||1,581,690,834.17||37.17%||Mainly due to increase marketdevelopment efforts to bring incomeincreased||
|Business income|||||||||
||1,492,560,110.09||1,052,404,374.82||41.82%||Mainly due to an increase in thecorresponding increase in income.||
|Business cost|||||||||
||162,325,432.04||50,573,117.41||220.97%||Mainly due to the increase infinancial fees due to the vote.||
|Financial expenses|||||||||
||-545,763.05||406,342.06||-234.31%||Mainly due to the recovery of someof the current bad debts.||
|Asset impairment loss|||||||||
||-1,038,942.03||-219,626.96||373.05%||Mainly due to the recognition of theinvestment income of associates.||
|Investment income|||||||||
|Non-operational income|143,411,376.32||95,857,790.53||49.61%||Mainly due to the increase in||

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||||
|-|-|-|-|-|
|Net cash flow arising|-937,650,599.60|-465,514,552.86|101.42%|Mainly due to the construction of theproduction line and increase theinvestment of associates.|
|from investment|||||
|activities|||||
||-64,865,997.36|-424,474,217.67|-84.72%|Mainly due to the increase inborrowings and the increase in capitalof subsidiaries|
|Net cash flow arising|||||
|from financing activities|||||

II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
√Applicable□Not applicable
1. On March 20, 2017, the Proposal about the Plan and its Summary of thecompany’s Share Issuance and Paying Cash to Purchase the Asset and Raise Matching Funds and the Related Transaction (Revised) and the relevant proposal were examined and approved in the eleventh meeting of the eighth session board of directors. (For details, please see the relevantcompany’s announcements disclosed on http://www.cninfo.com.cn on March 21).
2. On March 24, 2017, the company received the Inquiry Letter about the Major Asset Restructuring of Dongxu Optoelectronic Technology Co., Ltd (No.6-[2017] Permission-type Inquiry Letter about Restructuring) issued by the management department of Shenzhen Stock Exchange. So the company has made the corresponding supplement and perfection to the Plan of Dongxu Optoelectronic Technology Co.,Ltd’s Share Issuance and Paying Cash to Purchase the Asset and Raise Matching Funds and the Related Transaction and the relevant documents. And on March 28, the company disclosed the reply for the Inquiry Letter and the perfection-completed Dongxu Optoelectronic Technology Co.,Ltd’s Share Issuance and Paying Cash to Purchase the Asset and Raise Matching Funds and the Related Transaction (Revised) and the relevant supplementary documents.
3. As of now, the company and the relevant intermediaries are actively promoting the audit, evaluation and other work related to the restructuring. When the relevant work is completed, the company will held the board meeting to deliberate the relevant matters of this major asset restructuring, which will be further submitted to the generalshareholders’ meeting for deliberation, then after the approval by the generalshareholders’ meeting, it will be reported to CSRC etc authoritative institution for approval. According to No.10 Guidance for Business Handling of Listed Companies-Major Asset Restructuring and the relevant provisions of Shenzhen Stock Exchange, the company will timely perform the subsequent approval procedures and the obligation of information disclosure.
||||
|-|-|-|
|||Description of the website for disclosing|
|Overview of material matters|Date of disclosing||
|||provisional announcement|
|Summary of the company’s Share Issuance and PayingCash to Purchase the Asset and Raise Matching Fundsand the Related Transaction|||
||March 21,2017|http://www.cninfo.com.cn|
|Summary of the company’s Share Issuance and PayingCash to Purchase the Asset and Raise Matching Fundsand the Related Transaction (Revised)|||
||March 28,2017|http://www.cninfo.com.cn|

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017 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．Prediction of Business performance for January- June 2017
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the warning of its material change compared with the corresponding period of the last year and explanation of reason.
□ Applicable√ Not applicable
V. Investment in securities
□ Applicable√ Not applicable
No securities investment in period.
VI. Investments 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
The Period has no research, communication and written inquiry from the investors in the report period.
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
Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017 IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Preparedby：Dongxu Optoelectronic Technology Co., Ltd.
March 31,2017
In RMB
||||
|-|-|-|
|Items|At the end of term|Beginning of term|
|Current asset：|||
|Monetary fund|24,179,709,619.79|26,056,117,216.86|
|Settlement provision|||
|Outgoing call loan|||
|Financial assets measured at fair value with|||
|variations accounted into current income account|||
|Derivative financial assets|||
|Bill receivable|34,770,496.61|55,340,287.95|
|Account receivable|1,402,659,640.10|1,652,714,640.77|
|Prepayments|2,196,690,299.68|862,432,895.10|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts receivable|||
|Interest receivable|||
|Dividend receivable|||
|Other account receivable|381,737,647.00|186,071,085.24|
|Repurchasing of financial assets|||
|Inventories|3,377,577,211.05|2,688,967,436.27|
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|3,149,357,345.49|3,203,453,317.38|
|Total of current assets|34,722,502,259.72|34,705,096,879.57|
|Non-current assets：|||

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Loans and payment on other’s behalf disbursed|||
|Disposable financial asset|||
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|492,115,861.67|72,354,803.70|
|Property investment|||
|Fixed assets|8,823,279,226.02|8,952,341,070.47|
|Construction in progress|2,482,099,182.83|1,772,629,310.84|
|Engineering material||304,468.05|
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|573,860,526.28|578,194,545.68|
|R & D petrol|||
|Goodwill|33,935,384.57|33,935,384.57|
|Long-germ expenses to be amortized|11,779,218.07|11,756,506.76|
|Deferred income tax asset|307,715,177.63|312,555,500.36|
|Other non-current asset|204,077,242.49|387,151,100.41|
|Total of non-current assets|12,928,861,819.56|12,121,222,690.84|
|Total of assets|47,651,364,079.28|46,826,319,570.41|
|Current liabilities|||
|Short-term loans|5,120,160,795.48|4,940,816,200.13|
|Loan from Central Bank|||
|Deposit received and hold for others|||
|Call loan received|||
|Financial liabilities measured at fair value with|||
|variations accounted into current income account|||
|Derivative financial liabilities|||
|Bill payable|218,575,592.00|393,136,676.05|
|Account payable|1,020,947,159.86|1,165,418,491.73|
|Advance payment|1,031,020,944.43|414,078,061.38|
|Selling of repurchased financial assets|||
|Fees and commissions receivable|||
|Employees’ wage payable|38,235,603.09|42,851,392.30|

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Tax payable|195,846,397.32|224,310,530.71|
|Interest payable|150,385,512.24|81,610,513.91|
|Dividend payable||30,000,000.00|
|Other account payable|113,964,891.66|114,993,136.80|
|Reinsurance fee payable|||
|Insurance contract provision|||
|Entrusted trading of securities|||
|Entrusted selling of securities|||
|Liabilities held for sales|||
|Non-current liability due in 1 year|1,463,303,072.23|1,618,589,512.42|
|Other current liability|82,791,544.65|85,535,473.05|
|Total of current liability|9,435,231,512.96|9,111,339,988.48|
|Non-current liabilities：|||
|Long-term loan|6,661,139,049.99|6,596,159,000.00|
|Bond payable|5,656,200,882.00|5,653,912,494.73|
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|1,436,148,668.94|1,514,308,568.67|
|Long-term payable employees’s remuneration|||
|Special payable|||
|Expected liabilities|||
|Deferred income|359,740,447.77|380,949,662.27|
||407,355.23|413,257.79|
|Deferred income tax liability|||
|Other non-current liabilities|500,000,000.00|500,000,000.00|
|Total non-current liabilities|14,613,636,403.93|14,645,742,983.46|
||24,048,867,916.89|23,757,082,971.94|
|Total of liability|||
|Owners’ equity|||
||4,939,928,983.00|4,939,928,983.00|
|Share capital|||
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|15,207,609,210.89|15,207,210,810.89|
|Less：Shares in stock|4,422,320.00|4,422,320.00|
|Other comprehensive income|||

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Special reserves|||
|Surplus reserves|188,044,070.48|188,044,070.48|
|Common risk provision|||
||2,278,321,466.00|1,885,538,821.49|
|Undistributed profit|||
|Total of owner’s equity belong to the parent company|22,609,481,410.37|22,216,300,365.86|
|Minority shareholders’ equity|993,014,752.02|852,936,232.61|
|Total of owners’ equity|23,602,496,162.39|23,069,236,598.47|
|Total of liabilities and owners’ equity|47,651,364,079.28|46,826,319,570.41|

 Legal Representative: Li Zhaoting Person in charge ofaccounting：Huang Jinliang Accounting Dept Leader: Gao Feipeng 2.Parent Company Balance Sheet
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Current asset：|||
|Monetary fund|11,296,266,230.86|16,951,756,537.76|
|Financial assets measured at fair value with variations|||
|accounted into current income account|||
|Derivative financial assets|||
|Bill receivable|790,800.00|946,400.00|
|Account receivable|25,105,051.19|19,896,753.26|
|Prepayments|3,727,405.89|4,280,852.37|
|Interest receivable|||
|Dividend receivable||570,000,000.00|
|Other account receivable|6,913,759,450.14|4,925,419,456.78|
|Inventories|480,521,676.71|500,254,494.97|
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|1,997,569,211.84|2,000,019,211.84|
|Total of current assets|20,717,739,826.63|24,972,573,706.98|
|Non-current assets：|||
|Disposable financial asset|||
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|15,540,652,418.72|11,373,791,986.49|

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Property investment|||
|Fixed assets|48,255,813.56|49,516,721.87|
|Construction in progress|||
|Engineering material|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|9,867,728.90|9,951,171.11|
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be amortized|||
|Differed income tax asset|3,712,603.85|3,712,603.85|
|Other non-current asset|||
|Total of non-current assets|15,602,488,565.03|11,436,972,483.32|
|Total of assets|36,320,228,391.66|36,409,546,190.30|
|Current liabilities|||
|Short-term loans|3,495,500,000.00|3,242,500,000.00|
|Financial liabilities measured at fair value with variations|||
|accounted into current income account|||
|Derivative financial liabilities|||
|Bill payable||159,820,750.00|
|Account payable|147,097,068.96|147,012,816.26|
|Advance payment|1,450,587.90|10,587.90|
|Employees’ wage payable|3,698,829.66|3,700,741.68|
|Tax payable|23,855,398.98|20,970,299.00|
|Interest payable|142,871,638.05|72,569,720.24|
|Dividend payable|||
|Other account payable|2,848,197,520.85|2,889,692,312.04|
|Liabilities held for sales|||
|Non-current liability due in 1 year|230,000,000.00|400,005,000.00|
|Other current liability|||
|Total of current liability|6,892,671,044.40|6,936,282,227.12|
|Non-current liabilities：|||
|Long-term loan|2,972,216,666.66|2,887,600,000.00|

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Bond payable|5,656,200,882.00|5,653,912,494.73|
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|||
|Employees’ wage Long-term payable|||
|Special payable|||
|Expected liabilities|||
|Differed income|||
|Differed income tax liability|||
|Other non-current liabilities|||
|Total of Non-current liabilities|8,628,417,548.66|8,541,512,494.73|
|Total of liability|15,521,088,593.06|15,477,794,721.85|
|Owners’ equity|||
|Share capital|4,939,928,983.00|4,939,928,983.00|
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|15,130,590,136.27|15,130,191,736.27|
|Less：Shares in stock|4,422,320.00|4,422,320.00|
|Other comprehensive income|||
|Special reserves|||
|Surplus reserves|169,054,846.15|169,054,846.15|
|Undistributed profit|563,988,153.18|696,998,223.03|
|Total of owners’ equity|20,799,139,798.60|20,931,751,468.45|
|Total of liabilities and owners’ equity|36,320,228,391.66|36,409,546,190.30|

 3.Consolidated Income statement
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Income from the key business|2,169,628,215.08|1,581,690,834.17|
|Incl：Business income|2,169,628,215.08|1,581,690,834.17|
|Interest income|||
|Insurance fee earned|||

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Fee and commission received|||
|II. Total business cost|1,776,134,801.77|1,250,579,052.09|
|Incl：Business cost|1,492,560,110.09|1,052,404,374.82|
|Interest expense|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Net amount provided as insurance contract reserves|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|16,241,789.34|15,952,780.71|
|Sales expense|13,183,661.54|13,736,690.70|
|Administrative expense|92,369,571.81|117,505,746.39|
|Financial expenses|162,325,432.04|50,573,117.41|
|Asset impairment loss|-545,763.05|406,342.06|
|Add：Gains from change of fir value （“-”for loss）|||
|Investment gain（“-”for loss）|-1,038,942.03|-219,626.96|
|Incl: investment gains from affiliates|-1,038,942.03||
|Gains from currency exchange（“-”for loss）|||
|III. Operational profit（“-”for loss）|392,454,471.28|330,892,155.12|
|Add ：Non-operational income|143,411,376.32|95,857,790.53|
|Including：Income from disposal of non-current assets|||
|Less：Non business expenses|225,487.88|6,257.47|
|Incl：Loss from disposal of non-current assets||1,872.47|
|IV.Total profit(“-”for loss)|535,640,359.72|426,743,688.18|
|Less：Income tax expenses|104,779,195.80|60,750,772.80|
|V. Net profit|430,861,163.92|365,992,915.38|
|Net profit attributable to the owners of parent company|392,782,644.51|347,750,532.74|
|Minority shareholders’ equity|38,078,519.41|18,242,382.64|
|VI. Other comprehensive income|||
|Net of profit of other comprehensive income attributable to o|||
|wners of the parent company.|||
|（I）Other comprehensive income items that will not be|||
|reclassified into gains/losses in the subsequent accounting|||
|period|||

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|1.Re-measurement of defined benefit plans of changes in net|||
|debt or net assets|||
|2.Other comprehensive income under the equity method inves|||
|tee can not be reclassified into profit or loss.|||
|（II）|||
|Other comprehensive income that will be reclassified into pro|||
|fit or loss.|||
|1.Other comprehensive income under the equity method inves|||
|tee can be reclassified into profit or loss.|||
|2.Gains and losses from changes in fair value available for sal|||
|e financial assets|||
|3.Held-to-maturity investments reclassified to gains and losse|||
|s of available for sale financial assets|||
|4.The effective portion of cash flow hedges and losses|||
|5.Translation differences in currency financial statements|||
|6.Other|||
|Net of profit of other comprehensive income attributable to M|||
|inority shareholders’ equity|||
|VII. Total comprehensive income|430,861,163.92|365,992,915.38|
|Total comprehensive income attributable to the owner of the|||
||392,782,644.51|347,750,532.74|
|parent company|||
|Total comprehensive income attributable minority|||
||38,078,519.41|18,242,382.64|
|shareholders|||
|VIII. Earnings per share|||
|（I）Basic earnings per share|0.080|0.09|
|(II)Diluted earnings per share|0.080|0.09|

 The current business combination under common control, the net profits of the combined party before achieved ne t profit of RMB 0, last period the combined party realized RMB 0.
Legal Representative: Li Zhaoting Person in charge ofaccounting：Huang Jinliang Accounting Dept Leader: Gao Feipeng
4. Income statement of the Parent Company
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Income from the key business|29,487,874.98|227,019,059.10|

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Less：Business cost|23,208,786.32|132,893,796.16|
|Business tax and surcharge|475,331.94|42,000.00|
|Sales expense||13.00|
|Administrative expense|13,924,710.85|13,225,719.79|
|Financial expenses|123,855,490.95|37,597,734.18|
|Asset impairment loss|||
|Add：Gains from change of fir value （“-”for loss）|||
|Investment gain（“-”for loss）|-1,039,567.77|-219,626.96|
|Incl: investment gains from affiliates|-1,039,567.77||
|II. Operational profit（“-”for loss）|-133,016,012.85|43,040,169.01|
|Add ：Non-operational income|5,943.00|38,666.93|
|Including：Income from disposal of non-current|||
|assets|||
|Less：Non business expenses|||
|Incl：Loss from disposal of non-current assets|||
|III.Total profit(“-”for loss)|-133,010,069.85|43,078,835.94|
|Less：Income tax expenses|||
|IV. Net profit（“-”for net loss）|-133,010,069.85|43,078,835.94|
|V.Net of profit 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 plans of changes in net|||
|debt or net assets|||
|2.Other comprehensive income under the equity method inves|||
|tee can not be reclassified into profit or loss.|||
|（ II ）|||
|Other comprehensive income that will be reclassified into pro|||
|fit or loss.|||
|1.Other comprehensive income under the equity method inves|||
|tee can be reclassified into profit or loss.|||
|2.Gains and losses from changes in fair value available for sal|||
|e financial assets|||
|3.Held-to-maturity investments reclassified to gains and losse|||
|s of available for sale financial assets|||
|4.The effective portion of cash flow hedges and losses|||

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|5.Translation differences in currency financial statements|||
|6.Other|||
|VI. Total comprehensive income|-133,010,069.85|43,078,835.94|
|VII. Earnings per share：|||
|（I）Basic earnings per share|||
|(II)Diluted earnings per share|||

5. Consolidated Cash flow statement
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or rending of services|3,032,833,392.14|1,492,494,598.14|
|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|||
|Net increase of the financial assets that are measured at fair|||
|value and whose movement is counted to the current gain and|||
|loss|||
|Cash received as interest, processing fee and commission|||
|Net increase of inter-bank fund received|||
|Net increase of repurchasing business|||
|Tax returned|104,894,730.99|102,343,332.12|
|Other cash received from business operation|97,516,700.43|155,626,401.01|
|Sub-total of cash inflow|3,235,244,823.56|1,750,464,331.27|
|Cash paid for purchasing of merchandise and services|2,665,116,957.15|2,282,862,743.80|
|Net increase of client trade and advance|||
|Net increase of savings n central bank and brother company|||
|Cash paid for original contract claim|||
|Cash paid for interest, processing fee and commission|||
|Cash paid for policy dividend|||
|Cash paid to staffs or paid for staffs|126,878,772.15|140,977,434.66|

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Taxes paid|249,038,224.88|187,365,571.21|
|Other cash paid for business activities|1,026,573,996.41|74,078,025.65|
|Sub-total of cash outflow from business activities|4,067,607,950.59|2,685,283,775.32|
|Cash flow generated by business operation, net|-832,363,127.03|-934,819,444.05|
|II.Cash flow generated by investing|||
|Cash received from investment retrieving|||
|Cash received as investment gains|||
|Net cash retrieved from disposal of fixed assets, intangible|||
|assets, and other long-term assets|||
|Net cash received from disposal of subsidiaries or other|||
|operational units|||
|Other investment-related cash received||6,120,000.00|
|Sub-total of cash inflow due to investment activities||6,120,000.00|
|Cash paid for construction of fixed assets, intangible assets|||
||516,959,129.80|164,168,185.45|
|and other long-term assets|||
|Cash paid as investment|420,800,000.00||
|Net increase of loan against pledge|||
|Net cash received from subsidiaries and other operational|||
||-108,530.20|307,466,367.41|
|units|||
|Other cash paid for investment activities|||
|Sub-total of cash outflow due to investment activities|937,650,599.60|471,634,552.86|
|Net cash flow generated by investment|-937,650,599.60|-465,514,552.86|
|III.Cash flow generated by financing|||
|Cash received as investment|102,000,000.00|500,000.00|
|Incl: Cash received as investment from minor shareholders|102,000,000.00|500,000.00|
|Cash received as loans|1,081,719,662.01|575,000,000.00|
|Cash received from bond placing|||
|Other financing –related ash received|67,096,096.38|259,587,557.66|
|Sub-total of cash inflow from financing activities|1,250,815,758.39|835,087,557.66|
||982,470,416.67|1,055,801,800.00|
|Cash paid as dividend, profit, or interests|228,467,740.79|161,509,621.90|
|Incl: Dividend and profit paid by subsidiaries to minor|||
||30,000,000.00||
|shareholders|||
|Other cash paid for financing activities|104,743,598.29|42,250,353.43|
|Sub-total of cash outflow due to financing activities|1,315,681,755.75|1,259,561,775.33|

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Net cash flow generated by financing|-64,865,997.36|-424,474,217.67|
|IV. Influence of exchange rate alternation on cash and cash|||
||16,374,381.48|2,714,265.17|
|equivalents|||
|V.Net increase of cash and cash equivalents|-1,818,505,342.51|-1,822,093,949.41|
|Add: balance of cash and cash equivalents at the beginning of|||
||25,037,335,091.60|11,964,769,404.73|
|term|||
|VI ..Balance of cash and cash equivalents at the end of term|23,218,829,749.09|10,142,675,455.32|

 6. Cash Flow Statement of the Parent Company
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or rending of services|2,107,000.00|260,102,617.67|
|Tax returned||77,000.00|
|Other cash received from business operation|57,349,385.06|159,509,303.96|
|Sub-total of cash inflow|59,456,385.06|419,688,921.63|
|Cash paid for purchasing of merchandise and services|7,381,636.42|339,861,960.78|
|Cash paid to staffs or paid for staffs|3,499,302.53|3,129,144.31|
|Taxes paid|4,656,775.49|8,001,056.42|
|Other cash paid for business activities|2,158,426,007.88|485,075,155.07|
|Sub-total of cash outflow from business activities|2,173,963,722.32|836,067,316.58|
|Cash flow generated by business operation, net|-2,114,507,337.26|-416,378,394.95|
|II.Cash flow generated by investing|||
|Cash received from investment retrieving|||
|Cash received as investment gains|570,000,000.00||
|Net cash retrieved from disposal of fixed assets, intangible|||
|assets, and other long-term assets|||
|Net cash received from disposal of subsidiaries or other|||
|operational units|||
|Other investment-related cash received||6,120,000.00|
|Sub-total of cash inflow due to investment activities|570,000,000.00|6,120,000.00|
|Cash paid for construction of fixed assets, intangible assets|||
|||8,200.00|
|and other long-term assets|||
|Cash paid as investment|4,167,900,000.00|1,392,801,140.00|
|Net cash received from subsidiaries and other operational|||

Dongxu Optoelectronic Technology Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|units|||
|Other cash paid for investment activities|||
|Sub-total of cash outflow due to investment activities|4,167,900,000.00|1,392,809,340.00|
|Net cash flow generated by investment|-3,597,900,000.00|-1,386,689,340.00|
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Cash received as loans|869,666,666.66|430,000,000.00|
|Cash received from bond placing|||
|Other financing –related ash received|||
|Sub-total of cash inflow from financing activities|869,666,666.66|430,000,000.00|
|Cash to repay debts|702,050,000.00|860,000,000.00|
|Cash paid as dividend, profit, or interests|87,863,786.81|50,054,483.17|
|Other cash paid for financing activities|22,835,849.49||
|Sub-total of cash outflow due to financing activities|812,749,636.30|910,054,483.17|
|Net cash flow generated by financing|56,917,030.36|-480,054,483.17|
|IV. Influence of exchange rate alternation on cash and cash|||
|equivalents|||
|V.Net increase of cash and cash equivalents|-5,655,490,306.90|-2,283,122,218.12|
|Add: balance of cash and cash equivalents at the beginning of|||
||16,951,756,537.76|9,835,157,652.41|
|term|||
|VI ..Balance of cash and cash equivalents at the end of term|11,296,266,230.86|7,552,035,434.29|

 II.Auditor’ report
Is the First Quarterly Report be audited?
□ Yes√No
The First Quarterly report is not audited.
Dongxu Optoelectronic Technology Co., Ltd.
Board Chairman: Li Zhaoting
Issue day approved by the Board ofDirectors：April 28,2017