Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Tunghsu Optoelectronic Technology Co., Ltd.
The Semi-annual Report 2019
August 2019
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 I. Important Notice, Table of Contents and Definitions
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. Mr. Wang Lipeng, The Company leader, Ms. Feng Qiuju, Chief financial officer and the Mr. Wang Cang, the person in charge of the accounting department (the person in charge of the accounting) hereby confirm the authenticity and completeness of the financial report enclosed in this semi-annual report.
All the directors attended the board meeting for reviewing the semi-annual Report.
The development strategy, operation plan and other forward-looking statements involved in this report will not constitute any substantive commitment to the investors by the Company. Investors please be aware of the investment risks.
The company has already described the risk items existed in details in the report with reference to (IV) possible risks of X Operation Conditions Discussion and Analysis.
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Table of Contents
2019 Semi-annual Report
I.Important Notice and Definitions
II. Corporate Profile and Key Financial Indicators
III. Business Profile
IV. Performance Discussion and Analysis
V. Important Events
VI. Change of share capital and shareholding of Principal Shareholders
VII. Situation of the Preferred Shares
VIII. Information about Directors, Supervisors and Senior Executives
IX. Corporate Bonds
X. Financial Report
XI. Documents available for inspection
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Definition
||||
|-|-|-|
|Terms to be defined|Refers to|Definition|
|Company Law|Refers to|Company Law of the People’s Republic of China|
|Securities Law|Refers to|Securities Law of the People’s Republic of China|
|CSRC|Refers to|China Securities Regulatory Commission|
|SZSE|Refers to|Shenzhen Stock Exchange|
|Tunghsu Group|Refers to|Tunghsu Group Co., Ltd.|
|Baoshi Group|Refers to|Shijiazhuang Baoshi Electronics Group Co., Ltd|
|Tunghsu Optoelectronic , Company, The|||
||Refers to|Tunghsu Optoelectronic Technology Co., Ltd.|
|Company|||
|Tunghsu（Yingkou）Optoelectronic|Refers to|Tunghsu（Yingkou）Optoelectronic Display Co., Ltd.|
|Xuhong Optoelectronic|Refers to|Sichuan Xuhong Optoelectronic Technology Co., Ltd.|
|Wuhu Optoelectronic|Refers to|Wuhu Tunghsu Optoelectronic Technology Co., Ltd.|
|Wuhu Equipment|Refers to|Wuhu Tunghsu Optoelectronic Equipment Technology Co., Ltd.|
|Xufei Optoelectronic|Refers to|Zhengzhou Xufei Opteelectronic Technology Co., Ltd.|
|Xuxin Optoelectronic|Refers to|Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd.|
|Jiangsu Jixing|Refers to|Jiangsu Jixing New Material Co., Ltd.|
|Tunghsu (Kunshan )|Refers to|Tunghsu（Kunshan）Display material Co., Ltd.|
|Chongqing Jihuateng|Refers to|Chongqing Jinghuateng Optoelectronic Technology Co., Ltd.|
|Jiangsu Tunghsu Yitai|Refers to|Jiangsu Tunghsu Yitai Intelligent Equipment Co., Ltd.|
|Hunan Tunghsu Delai|Refers to|Hunan Tunghsu Delai Electronic Technology Co., Ltd.|
|Tunghsu Construction|Refers to|Tunghsu Construction Group Co., Ltd.|
|Fuzhou Xufu|Refers to|Fuzhou Xufu Optoelectronic Technology Co., Ltd.|
|Fuzhou Optoelectronic|Refers to|Fuzhou Tunghsu Optoelectronic Technology Co., Ltd.|
|Tunghsu Finance Company|Refers to|Tunghsu Group Finance Co., Ltd.|
|Shanghai Tanyuan Huigu|Refers to|Shanghai Tanyuan Huigu New Material Technology Co., Ltd.|
|Xutan New Material|Refers to|Beijing Xutan New Material Technology Co., Ltd.|
|Mingshuo Technology|Refers to|Mingshuo (Beijing) Electronic Technology Co., Ltd|
|Tengda Tengda Optical|Refers to|Suzhou Tengda Optical Technology Co., Ltd.|
|SUNLONG|Refers to|Shanghai Sunlong Bus Co., Ltd.|
|||Guangxi Sunlong Automobile Manufacturing Co., Ltd. （Former|
|Guangxi Sunlong|Refers to||
|||Guangxi Yuanzheng New Energy Automobile Co., Ltd.）|
|Sanbao Innovation|Refers to|Shenzhen Sanbao Innovation Intelligence Co., Ltd.|
|BOE|Refers to|BOE Technology Group Co., Ltd.|
|CSOT|Refers to|China Star optoelectronics Technology Co., Ltd.|
|Tianma|Refers to|Tianma Microelectronics Co Ltd|
|TFT-LCD|Refers to|Thin Film Transistor Liquid Crystal Display|
|OLED|Refers to|Organic Light-Emitting Diode, OLED|
|||A thin glass sheet with extremely smooth surface is a basic component|
|||of constituting LCD display device as well as one of the critical basic|
|Glass substrate|Refers to|materials in panel display industry. The glass sheet can be divided into|
|||various generations by its size, and the higher the generation is, the|
|||bigger the size will be.|
|G5 glass substrate|Refers to|The size of the 5th-generation glass substrate is 1100 mm×1300 mm.|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|G6 glass substrate|Refers to|The size of the 6th-generation glass substrate is 1500 mm×1850 mm.|
|G8.5 glass substrate|Refers to|The size of the 8.5th-generation glass substrate is 2300 mm×2500 mm|
|||refers to the general name of optical diaphragms such as diffusion,|
|Optical film|Refers to|reflection, prism, composite prism, etc., mainly used in TFT LCD|
|||backlights.|
|||Critical original materials of LCD panel for realizing colorization|
|CF|Refers to||
|||display|
|||Refers to two-dimensional carbon materials related to grapheme, with|
|Grapheme materials|Refers to||
|||a layer less than 10 carbon atoms|
|||In addition to mobile phones, tablet PCs and other displays, for the|
|Cover glass, Curved glass, 3D cover glass|Refers to|touch screen touch module, display and non-touch screen display to|
|||protect the transparent glass lens|
|||Adopting new power systems, fully or mainly rely on new|
|New Energy Bus|Refers to|energy-driven passenger bus, including pure electric bus and fuel cell|
|||bus|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 II. Basic Information of the Company and Financial index
I. Company Information
|||||
|-|-|-|-|
|Stock abbreviation|Tunghsu Optoelectronic, Tunghsu B|Stock code|000413、200413|
|Stock abbreviation after||||
||Tunghsu Optoelectronic, Tunghsu B|||
|change (if any)||||
|Stock exchange for listing|Shenzhen Stock Exchange|||
|Name in Chinese|东旭光电科技股份有限公司|||
|Chinese Abbreviation|东旭光电|||
|English name (If any)|Tunghsu Optoelectronic Technology Co.,Ltd.|||
|English abbreviation (If any)|Tunghsu Optoelectronic|||
|Legal Representative|Wang Lipeng|||

II. Contact person and contact manner
||||
|-|-|-|
||Board secretary|Securities affairs Representative|
|Name|Gong Xin|Wang Qingfei|
||No.1 Caiyuan Street, Xicheng District,|No.1 Caiyuan Street, Xicheng District,|
|Contact address|||
||Beijing|Beijing|
|Tel|010-63541061|010-63541061|
|Fax|010-63541061|010-63541061|
|E-mail|gongxin_dx@126.com|wangqingfei@dong-xu.com|

III. Other
1. Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed in reporting period or not
√ Applicable□Not applicable
|||
|-|-|
||No.9, Huanghe Road, Shijiazhuang High-tech Industrial Development Area,|
|Registered address||
||Shijiazhuang, Hebei Province|
|Postal code of the Registered Address|050035|
|Office Address|No.1 Caiyuan Street, Xicheng District, Beijing|
|Postal code of the office address|100053|
|Internet Web Site|http://www.Tunghsuguangdian.cn/|
|E-mail|dxgd@dong-xu.com|
|Provisional announcement of the disclosure of||
||January 8,2019|
|the designated website date.(If any)||
|Index of designated website disclosed in interim||
||http://www.cninfo.com.cn|
|announcement.(If any)||

2. Information inquiry
Whether information disclosure and preparation place changed in reporting period or not
□ Applicable√ Not applicable
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 None of the official presses, website, and place of enquiry has been changed in the semi report period. For details please find the Annual Report 2018.
IV. Summary of Accounting Data and Financial Indicators
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes√No
|||||
|-|-|-|-|
||Reporting period|Same period of last year|YoY+/-（%）|
|Operating Gross income（Yuan）|8,475,089,222.93|11,129,851,790.88|-23.85%|
|Net profit attributable to the shareholders|844,176,169.98|858,296,089.08||
||||-1.65%|
|of the listed company（Yuan）||||
|Net profit after deducting of non-recurring||||
|gain/loss attributable to the shareholders of|778,095,326.66|811,345,478.77|-4.10%|
|listed company（Yuan）||||
|Cash flow generated by business operation,|594,348,068.16|83,617,287.66||
||||610.80%|
|net（Yuan）||||
|Basic earning per share(Yuan/Share)|0.15|0.15|0.00%|
|Diluted gains per share(Yuan/Share)|0.15|0.15|0.00%|
|Net asset earning ratio（%）|2.57%|2.74%|-0.17%|
||As at the end of the|||
|||As at the end of last year|YoY+/-（%）|
||reporting period|||
|Gross assets（Yuan）|71,378,527,997.21|72,576,122,859.60|-1.65%|
|Shareholders’ equity attributable to|32,994,457,818.10|32,521,130,925.14||
||||1.46%|
|shareholders of the listed company（Yuan）||||

V. Differences between accounting data under domestic and overseas accounting standards
1．Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed in the financial reports of differences in net income and net assets.
□Applicable□√ Not applicable
Nil
2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting standards.
□ Applicable√Not applicable
Nil
VI. Items and amount of non-current gains and losses
√Applicable□Not applicable
In RMB
||||
|-|-|-|
|Items|Amount|Notes|
|Non-current asset disposal gain/loss(including the write-off part for|14,672,155.64||
|which assets impairment provision is made)|||
|Govemment subsidies recognized in current gain and|68,408,139.17||
|loss(excluding those closely related to the Company’s business and|||
|granted under the state’s policies)|||
|Gain/loss on entrusting others with investment or asset|246,200.42||
|management|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Other non-operating income and expenditure beside for the above|7,342,788.31||
|items|||
|Less: Influenced amount of income tax|12,093,227.86||
|Amount of influence of minority interests（After tax）|12,495,212.36||
|Total|66,080,843.32|--|

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 recorgnized 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 Semi-annual Report 2019 III. Business Profile
Ⅰ.Main Business the Company is Engaged in During the Report Period
Whether the company needs to comply with the disclosure requirements of the particular industry
No
In recent years, driven by the strategy of industrial integration and transformation and upgrading, the company has gradually developed into a leading integrated supplier of intelligent manufacturing in China. The company started from the photoelectric display industry. While maintaining the leading edge of liquid crystal glass substrate technology, the company horizontally laid out the new material fields represented by photoelectric display materials such as cover glass original sheet, curved glass, optical diaphragm, etc. The industrial cluster of photoelectric display materials has outstanding advantages; In the process of graphene industrialization, overseas cooperation and integration will accelerate the improvement of the layout, development and sales of graphene industrial application products; In the field of high-end equipment manufacturing, the company has become one of the stable sources of revenue and profit for the company by virtue of the continuous spillover effect of the self-developed complete set of glass substrate production equipment technology and in-depth exploration and expansion of numerous extension fields. In the field of new energy vehicles, the company takes Shenlong Bus as the carrier, combines with the new trend of industrial development, actively arranges and builds new bases, engages in the research and development, manufacturing and sales of new energy buses and logistics vehicles including hydrogen fuel vehicles, and meanwhile strives to continue to develop overseas markets, which is another important source of income and profit for the company. Construction and installation business and electronic communication business as value-added business provide beneficial supplement to the company's main business.
I. New material business system
1. Glass substrate original film business
The liquid crystal glass substrate is a core raw material to the upstream of the liquid crystal display panel, with extremely high requirements of manufacturing process. Based on the breakthrough in the field of complete-set of liquid crystal glass substrate production equipment, the company took the lead in breaking the international monopoly and achieved the home-making of liquid crystal glass substrate. Currently, the Company possesses five production bases of liquid crystal glass substrate respectively located in Zhengzhou, Shijiazhuang, Wuhu Fuzhou and Yingkou covering G5, G6, and G8.5 (compatible with 8.6 generation) TFT-LCD liquid crystal glass substrates. In terms of technology research and development, the technical reserve of OLED glass production line has been completed, which is compatible with LTPS and G8.5 and G10 original chip production. In terms of high generation adaptability, light weight, thinness and third generation flexible display technology, it will continue to maintain great advantages. So far, the company has more than 20 production lines for liquid crystal glass substrates (including projects under construction and planned projects), with that the mass production capacity tops first in China and ranks fourth in the world.
2. Other display materials business
In order to enhance the competitiveness and profitability of the display materials business and conform to the development trend of OLED flexible display, the company has adopted the strategy of horizontally expanding the industrial chain, and has successively laid out such businesses as cover glass original sheet, curved cover glass, optical diaphragm, color filter, sapphire, etc. The business structure has been optimized and the industrial cluster effect has taken shape. Cover glass is used to protect touch modules and display screens, and is the main raw material for manufacturing touch screens. It is widely used in the application fields of touch screen products, such as notebook computers, palmtop computers, vehicle-mounted displays, mobile phone screens, digital photo frames and other flat panel display industries. The company has an advanced production line for glass substrates with float cover plates, and is the only enterprise in China that has mastered both overflow melting method and float method for large-scale production of glass substrates. Meanwhile, the Company's optical film products, which are the important material of the display module, can cover the polarizer, diaphragm, tape, graphite sheet, OCA glue and other sub-fields, and those are widely used in TFT-LCD modules and OLED display modules, making the Company is a stable supplier to BOE-the leading panel manufacturer in China, especially gradually consolidated the strategic supplier place to the OLED flexible display material through the introduction and application of graphite sheets and OCA rubber products in OLED flexible products. The color filters, which are broadly used in liquid crystal flat panel displays, are essential components for true colorization of display devices, and they are the
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 upstream supporting materials for LCD panels. The Company will focus on extending the flat panel display industry chain to improve the local matching rate of the domestic TFT-LCD industry and reduce the cost of domestic TFT-LCD products, which will enhance the competitiveness of China's TFT-LCD industry. The sapphire business focuses on the supply of LED substrates, and the Company possesses the sapphire crystal growth and complete processing technology. At present, the Company's main products are 4-inch LED substrate products, which provide the sapphire substrates for downstream LED customers, and it maintains a stable development trend.
3. Industrial application of graphene material
The graphene has excellent characteristics of optics, electricity, heat and mechanics and important application prospects in terms of materialogy and energy, etc. and is deemed as a revolutionary new material. The company hatched a batch of high-tech subsidiaries of graphene industrialization in the graphene field, and formed effective linkage with the main business of the company to accelerate the development and application of its own graphene products. Currently, the company's industrial application of graphene materials has formed a product layout with four industrial product series of graphene-based lithium ion batteries, graphene energy-saving lighting, graphene electric heating and graphene anticorrosive coatings as the forerunner, with exploration for innovative applications as the development goal. During the reporting period, the research and development and innovation incubation capabilities of graphene-related products reached a new high. Mingshuo Technology Smart Lamp products, a subsidiary of the company, integrated the independently developed graphene heat dissipation technology, which is featured by high light efficiency, high protection, small volume, intelligence and green energy conservation, and realizes smart city terminal application with lamp caps as carriers. In addition, the company successfully entered the laboratory of the University of Manchester Engineering Innovation Center in the UK, and accelerated the research and development of key graphene technologies through close cooperation with the world's top graphene research and development resources. With the gradual implementation and transformation of scientific research achievements in graphene and other fields, a new round of performance growth has started.
II. High-end equipment manufacturing business
In recent years, the development path of intelligent manufacturing has deepened step by step from process automation to production line automation and intelligent factory. With the prosperity of industrial Internet, the production mode of intelligent factory will subvert the traditional manufacturing mode in the future, which is the development direction of China's high-end equipment manufacturing industry. While realizing the independent research and development of the equipment, the company has further promoted the intelligent development of the equipment manufacturing industry. Through continuous self-improvement, the company has accumulated abundant high-end equipment research and development and manufacturing strength, and has a complete set of domestic leading liquid crystal glass substrate production technology. The company has realized the independent development and manufacture of hardware and software of automatic handling equipment in the panel industry, gradually realized the localization substitution of core process equipment, and steadily expanded the market of high-generation panel production equipment. Currently, the company's high-end equipment business mainly adopts the system integration production mode, specializing in research, development and production of photoelectric display materials, semiconductor field, automatic logistics, automatic control system, customizes special equipment supply service, etc. At present, the company has a large number of large customers, group customers and leading enterprises in the industry with demand in the field of intelligence, revsing up the Company's smart manufacturing production performance improvement.
III. New energy automobile business
Under the reshuffle effect of the industry brought by the new energy subsidy policy, the Company's new energy vehicle sector been steadily increasing, The company strives to build a new force in the industry landscape. Currently, the company's new energy vehicle products mainly cover pure electric city buses, hydrogen fuel cell buses and hybrid city buses. They are pre-arranged and have the design, production and manufacturing capabilities of new energy logistics vehicles and new energy sanitation special vehicles. They can be customized and sold according to customer needs. Currently, hydrogen fuel cell bus is an important direction for the development of new energy bus. Conforming to this market trend, Shenlong takes the lead in the development of hydrogen fuel cell bus relying on many years of production experience and strong scientific research ability. The company adopts lightweight design, three-dimensional full-load frame and high charging and discharging performance power battery technology, which greatly improves the driving experience and comfort. The power, safety, comfort and stability of the vehicle reach the first-class level in China. Meanwhile, thanks to the national "the belt and road initiative", the overseas new energy bus market is gradually warming up, providing a good external environment for the overseas business development of Sunlong Bus, with products sold in batches to
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Southeast Asia, the Middle East, South America and Africa. The start-up and increase-in of the auto finance business will make the Company's development of new energy auto industry more healthy and sustainable. IV. Other business system
1. Electrocommunication product business
With the "13th Five-Year Plan" for national infrastructure construction, the company's construction and installation business takes smart city construction and green city construction as its direction and engineering construction as its main focus, driving the production and sales of supporting products for smart projects, realizing "smartprojects+product integration" and creating a benchmark enterprise for smart construction. The business covers smart city, sponge city, municipal infrastructure, underground utility tunnel, industrial plant, land consolidation and other fields. Relying on the company's core industries, it provides an infrastructure construction system with reasonable layout, complete functions, supporting facilities and green intelligence to lead the development, so as to make both smart products and quality services, supplement the main business and boost the company's development.
2. Electronic communication product business
As a supplement to the company's main business, based on high-quality customer resources such as photoelectric display materials and high-end equipment, the company provides sales services for display materials, memory chips, high-end intelligent electronic competition hosts, liquid crystal screen modules, complete machines and other related products to meet the needs of customers at different levels and provide high-quality customized products and services for customers at different levels.
Ⅱ.Major Changes in Main Assets
1. Major Changes in Main Assets
|||
|-|-|
|Main assets|Major changes|
|Equity assets|No significant change|
|Fixed assets|No significant change|
|Intangible assets|No significant change|
|Construction in process|No significant change|
||Notes receivable decreased by 87.76%, mainly due to bills received in 2018 being cashed|
|Notes receivable||
||or endorsed in the first half of 2019.|
||Inventory growth of 35.42% was mainly due to the completion of follow-up orders, stock|
|Inventories||
||up and the increase in completed and unsettled assets in the construction business sector|
||Long-term receivables increased by 68.62%, mainly due to the increase in long-term|
|Long-term receivable||
||receivables caused by the increase in installment collection.|

2. Main Conditions of Overseas Assets
□ Applicable√ Not applicable
Ⅲ.Analysis On core Competitiveness
Whether the company needs to comply with the disclosure requirements of the particular industry
No
In Annual Report 2018, the Company disclosed five core competitive forces, namely “strong advantage in independent research and development and innovation ability”, “scale advantage of core photoelectric display
material”, “integration advantage of endogenous and epitaxial industrial chains”, “synergistic advantages of
mutual dependence of business sectors” and “advantage in efficient management and decision-making
mechanism”. In the first half year of 2019, such core competitive force has been strengthened and deepened
further without any other significant change.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 IV. Performance Discussion and Analysis
Ⅰ.General
In the first half of 2019, under the boost of the “steady growth” policy and a series of reform measures, the Chinese economy successfully resisted the impact of multiple downside risks, and the economy showed a slow and stable pick-up performance. However, as the uncertainty of Sino-US trade disputes increases, the global economic downturn is obvious, and ensued with zero interest rate or negative interest rate policies, the overall economic fundamentals in particular from the second quarter tend to have a striking feature of decline. Under this situation, the company closely follows the development orientation of national policies, seizes the new connotation of important strategic opportunities, actively enhances the ability of scientific and technological innovation, revs up the green development, and transforms the pressure of accelerating high-quality economic development into a driving force, solid develops the industry and deeply focuses on development of the fields including the high-technology, semiconductor, new materials and equipment manufacturing.
During the reporting period, in one respect, the Company solidly cultivated the existing industrial structure, focused on technological innovation, meticulously developed the business and products, promoting development throughR&D, adhere to quality and efficiency, and on the other respect, it optimized management and personnel structure, reduced the costs and increased the efficiency, thus improving the business performance. In terms of refined management, the Company adheres to the“1+5” all-round target incentive mechanism, further highlights the strategic leading position of technology and product research and development, and takes the comprehensive budget management and financial management analysis as a platform, and builds the cadre management system and the enterprise culture as the cornerstone; with focusing on endogenous development and internal potential tapping, implementing the enhanced assessment and incentives, and with continuous optimizing of organizational configuration and organizational effectiveness, the increasingly strengthening of external market development and industrial synergy, it has revved up the capability of revenue generation, profitability, efficiency and core competition. In the first half of 2019, all aspects of the Company's production and operation were steadily advanced, gained with a certain degree of economic benefits. During the reporting period, the Company achieved the operating income of 8.475 billion yuan and realized a net profit of 844 million yuan attributable to shareholders.
The company's each business development status in the first half of 2019:
1. Photoelectric display material business system
(1) Consolidate the main business to achieve stable development and strengthen the leading position of LCD glass substrates
From the Company's 5th generation of liquid crystal glass substrates to the 8.5th generation of glass substrates, the Company possesses a total of more than 20 production lines, which provides a full range of glass substrate products for downstream panel customers. Utilizing the advantages and fitting the trend, the Company has solidly improved the yield of high-generation glass substrate production lines and increased the market share. At present, the Company's products have been widely purchased by mainstream panel companies such as BOE, Shen Chao Optoelectronics and Longteng Optoelectronics, which are used in various display terminals such as portable display, car LED display, computer and home appliances. During the reporting period, the Company optimized and adjusted the industrial structure of glass substrates and revved up the technological innovation to further consolidate the Company's core competitiveness in the field of glass substrates.
||
|-|
|(2) Distinguished Quality improvement, for providing a solid base to promote the OLED flexible display industry|
|Fitting the trends, based on its own technological advantages, the Company has deeply ploughed its technology|
|research and development and innovation, promoting the high-aluminum cover glass substrate products used in|
|the flexible display field, and it has gradually entered a good position, with the production line has entered a|
|period of rapid development and the capacity of high-aluminum cover glass substrate ranked first in China, third|
|in the world. During the reporting period, relied on the Company's high-end equipment manufacturing capabilities,|
|the Company's subordinate company-Xu Hong Optoelectronics carried out the independent research and|
|development, and now it has owned the completely independent intellectual property rights, with a good quality|
|production technology. The product has fully covered the cover glass products ranging from the thickness of|
|0.1-6mm, with the overall product line has a comprehensive yield of 97%-which far exceeds the industry average|
|of 80%. The cover glass and curved glass has achieved a balanced ratio, which has become an important step in|
|the Company's layout of development of OLED display industry.|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||
|-|
|(3) Active industrial chain extension and distinct industrial cluster effect|
|The Company's subordinate company-Tengda Optics continues to expand its optical film business scale and|
|market share by relying on continuous deepening cooperative relationship with BOE. During the reporting period,|
|in terms of scale, it closely followed the layout of BOE's industry, and built new plants in Chongqing and|
|Mianyang to supply BOE. From the product, it had strengthened the research and development capabilities,|
|gradually extended from the TFT product field to the OLED flexible display field, and the number of applicable|
|optical films was increased sharply, as well as providing BOE with the related materials, thus laying a technical|
|and market foundation for the Company's sustained and stable development. The Company further put efforts|
|internally and externally in the color filters and consolidated the market competitiveness. During the reporting|
|period, upon the continuous improvement of production line technology and quality level, it actively carried out|
|the new product development and customer certification. At present, the Company has established stable|
|cooperative relations with customers including INES and IVO. The sapphire products closely followed the LED|
|industry on the large-size development trend. During the reporting period, the Company actively implemented the|
|large-size product technical transformation, expanded the production capacity of 4-inch substrate products, and|
|timely met the changes in the product demand structure by downstream customers, thus providing a solid basis for|
|the Company's stable operation.|
|(4) Vertically advancing the integration and development, continuing to promote the graphene industrialization|
|By continuously optimizing the product design, the Company strives to create the star products. As the core|
|industry of Tunghsu Optoelectronic' second take-off development, the graphene industry has been strategically|
|defined with leading path of various graphene preparation technologies and the realization of high value-added|
|industrial application development such as "lampwick". The Company's controlling subsidiary-Mingshuo|
|Technology has become one of the first six companies selected as responding to the national brand strategy-“New|
|Action for National Brand Engineering and Service Industry by Xinhua News Agency”. Meanwhile, the first|
|self-developed Industry pioneering-“Graphene cooling LED tube” was awarded the “Aladdin Lamp Award-”|
|which is regarded as the Oscar of the domestic lighting industry-upon its outstanding originality and technological|
|advancement, which was graded first in the review and final review, and its market sales have reached new highs.|
|In addition, the Company's international cooperation with Manda continued to advance and became the first|
|member of China's first Manda Graphene Engineering Innovation Center. Cooperated with the team of Mandano|
|Award scientists, by jointly shared the equipment and resources, it has jointly promoted the graphene technology|
|and incubated the graphene industrialization of related products. Meanwhile, the Company seized the|
|development opportunities, timely adjusted its development strategy and sales strategy, launched several EMC|
|projects in a timely manner, and it combined with new opportunities in the capital market for striving for greater|
|development of the graphene industry. With the application of relevant key technical achievements, the graphene|
|industrialization application sector is expected to maintain a strong growth momentum and to contribute the|
|profits to the listed company.|

2. Smart manufacturing business system
Be honest and faithful and keeping doing a good job in development, continues to steadily develop the equipment and technology
In recent years, the Company's high-end smart equipment has been deeply cultivated and steadily developed in the fields of optoelectronic industry chain, semiconductor equipment and other general-purpose equipment, which has been benefited from the integration of two technologies and the promotion of smart manufacturing policies. During the reporting period, the Company consolidated its development strength and achieved the development of its own equipment technology and industrial upgrading based on thecustomers’ system requirements for products and supporting equipment. By utilizing the advanced technology and the complete system of high-end equipment manufacturing capabilities, it further promoted the high value-added business, which has gained a good reputation and stable partners in the domestic high-end customer field. The company expands its multi-dimensional intelligent manufacturing business, develops towards the direction of smart, high-end, green and integrated, and having a good lay-out of production of smart robots, thus to further accelerate the deep expansion and development of high-end smart manufacturing.
3. New energy vehicle business
Forward-looking concept and synergy with the main business, deepen the harmonious development of the new energy automobile industry
Under the reshuffle effect of the industry brought by the new energy subsidy policy, the Company's new energy vehicle sector has grown substantially and has become a new force in building the industry structure. Under the
Company's forward-looking concept and collaborative development for promoting the energy revolution, it deeply
cooperates with Yihuatong to seize the hydrogen fuel bus development opportunities and meanwhile shapes up
the hydrogen fuel cell development technology, thus to further improve the industrial synergy effect of the
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Company's new energy vehicle business. During the reporting period, in the 5th batch of “Recommended Models for Promotion and Application of New Energy Vehicles” issued by the Ministry of Industry and Information Technology, the number of selected models of Shenlong Bus accounted for a percentage of21.1% in the total number of selected models, nearly 1/4 of the total number of models and ranked the top place, and also the total number of selected models that meet the latest subsidy technical standards for 2019 ranked second in the industry. In addition, the Company has been actively accelerating the construction of the new energy automobile industry base, thus to provide a guarantee for the healthy development of the Company's new energy industry cluster. While striving to develop the business, as the scale grew in the business development stage, the Company promptly started to strengthen the business-related auto finance work, thus laying the foundation for the further healthy development.
4. Other value-added services
Stable and sound development, construction and installation business and electronic communication business are conducive to promote profitability
As a supplement to the Company's main business, the construction and installation business involves smart cities, sponge cities, municipal infrastructure, underground integrated pipe corridors, industrial plants, land consolidation and many other fields. With the smart domestic cities development and the continuous improvement of industrialization level, the construction and installation business has been increasingly innovated, meanwhile which cooperates with other core industries of the Company to expand business space in new materials, energy conservation and environmental protection and other fields to promote theCompany’s sustainable development with smart products and quality services. The electronic communication products business continued to grow rapidly during the reporting period, and by utilizing the Company's various industry business customer resources, it further broadened the sales and contributed to improve the Company's operating income.
II.Main business analysis
Refer to relevant contents of “1. Summarization” in “Discussion and Analysis of Management”.
Changes in the financial data
In RMB
||||||
|-|-|-|-|-|
||This report period|Same period last year|YOY change（%）|Cause change|
|Operating income|8,475,089,222.93|11,129,851,790.88|-23.85%||
|Operating cost|6,571,893,216.94|9,021,989,897.09|-27.16%||
||155,812,716.54|93,892,692.42||Mainly due to the increase in|
|Sale expenses|||65.95%||
|||||sales promotion & marketing|
||282,118,024.57|204,871,395.72||Mainly due to the increased|
|Administrative expenses|||37.70%||
|||||labor costs|
|Financial expenses|368,090,095.96|395,227,116.30|-6.87%||
||186,908,717.85|282,130,776.24||Mainly due to the decrease in|
|||||profit before tax for the current|
|Income tax expenses|||-33.75%||
|||||period compared with the|
|||||previous year|
|R & D Investment|239,995,337.32|193,027,311.57|24.33%||
|Net cash generate by|594,348,068.16|83,617,287.66||Mainly due to the increase in|
||||610.80%||
|operating activities||||sales payment collected|
||-100,846,155.97|-1,660,557,972.96||Mainly due to the increase in|
|Net cash generated by||||the recovery of matured|
||||93.93%|deposits and the decrease in|
|investing activities|||||
|||||investment in fixed assets|
|||||during the period.|
|Net cash generated by|-20,827,235.34|-2,092,134,104.87||Mainly due to the fund|
||||99.00%||
|financing activities||||increase by financing in place.|
|Net increase in cash and|470,382,603.34|-3,671,727,390.78|||
||||112.81%||
|cash equivalents|||||

Major changes to the profit structure or sources of the Company in the reporting period
□ Applicable√Not applicable
Breakdown of main business
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 In RMB
||||||||
|-|-|-|-|-|-|-|
||||||Increase/decrease|Increase/decrease|
|||||Increase/decrease|||
||||||of principal|of gross profit|
|||||of reverse in the|||
||Operating||Gross profit||business cost over|rate over the|
|||operating costs||same period ofthe previous|||
||revenue||rate(%)||the same period|same period of|
|||||year(%)|of previous year|the previous year|
||||||(%)|(%)|
|On Industry|||||||
|Optoelectronic|||||||
||1,965,002,241.79|1,475,046,536.81|24.93%|-9.12%|-12.89%|3.24%|
|display material|||||||
|Equipment and|||||||
|Technology|3,291,442,406.83|2,330,990,248.59|29.18%|-10.21%|-19.25%|7.93%|
|serves|||||||
|Industrial|||||||
|application of|62,522,517.77|36,518,588.14|41.59%|181.81%|302.60%|-17.53%|
|graphene|||||||
|New energy|||||||
||653,517,499.98|529,402,326.49|18.99%|-36.07%|-35.41%|-0.83%|
|vehicle|||||||
|Construction|||||||
||1,533,873,637.92|1,371,263,434.71|10.60%|-1.40%|-8.64%|7.08%|
|Installation|||||||
|Electronic|||||||
|communication|669,208,048.08|658,461,020.61|1.61%|-57.41%|-57.19%|-0.50%|
|products|||||||
|On Products|||||||
|Optoelectronic|||||||
||1,965,002,241.79|1,475,046,536.81|24.93%|-9.12%|-12.89%|3.24%|
|display material|||||||
|Equipment and|||||||
|Technology|3,291,442,406.83|2,330,990,248.59|29.18%|-10.21%|-19.25%|7.93%|
|serves|||||||
|Industrial|||||||
|application of|62,522,517.77|36,518,588.14|41.59%|181.81%|302.60%|-17.53%|
|graphene|||||||
|New energy|||||||
||653,517,499.98|529,402,326.49|18.99%|-36.07%|-35.41%|-0.83%|
|vehicle|||||||
|Construction|||||||
||1,533,873,637.92|1,371,263,434.71|10.60%|-1.40%|-8.64%|7.08%|
|Installation|||||||
|Electronic|||||||
|communication|669,208,048.08|658,461,020.61|1.61%|-57.41%|-57.19%|-0.50%|
|products|||||||
|On Area|||||||
|China|7,807,204,035.77|6,045,900,645.75|22.56%|-11.71%|-17.67%|5.60%|
|Hongkong,Macau|||||||
||305,000,622.44|303,790,862.26|0.40%|-72.05%|-71.30%|-2.59%|
|and Taiwan|||||||
|Overseas|63,361,694.16|51,990,647.34|17.95%|-3.19%|13.70%|-12.19%|

 III.Non-core business analysis
□ Applicable√Not applicable
IV. Analysis of assets and liabilities
1.Significant changes in asset composition
In RMB
|||||
|-|-|-|-|
|End of Reporting period|End of same period of last year|Change in|Reason for|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||
|-|-|-|-|-|-|-|
|||As a percentage|||percentage(%)|significant change|
||Amount|of total|||||
|||assets(%)|||||
|Cash and bank|19,608,160,332.91||||||
|||27.47%|23,794,597,055.80|35.68%|-8.21%||
|balances|||||||
|Accounts|11,948,970,007.58||||||
|||16.74%|9,937,647,168.77|14.90%|1.84%||
|receivable|||||||
|Inventories|4,754,313,963.62|6.66%|4,210,883,497.85|6.31%|0.35%||
|Real estate|711,680,374.74||||||
|||1.00%|66,930,130.01|0.10%|0.90%||
|Investment|||||||
|Long-term equity|2,191,785,865.01||||||
|||3.07%|2,142,476,783.38|3.21%|-0.14%||
|investment|||||||
|Fixed assets|9,043,235,757.53|12.67%|10,938,598,162.98|16.40%|-3.73%||
|Construction in|5,511,187,961.75||||||
|||7.72%|5,387,496,213.47|8.08%|-0.36%||
|process|||||||
|Short-term loans|9,194,934,400.00|12.88%|6,812,784,698.87|10.22%|2.66%||
|Long-term loans|3,200,691,400.00|4.48%|3,823,532,289.32|5.73%|-1.25%||
|Intangible assets|1,114,095,291.45|1.56%|1,149,208,605.35|1.72%|-0.16%||
|Goodwill|2,702,403,019.28|3.79%|2,840,823,542.00|4.26%|-0.47%||
|Bonds payble|5,282,105,325.64|7.40%|5,625,817,373.23|8.44%|-1.04%||

2.Asset and Liabilities Measured by Fair Value
√ Applicable□Not applicable
In RMB
|||||||||
|-|-|-|-|-|-|-|-|
|||Gain/loss on||||||
||Amount at year||Cumulative fair|Impairment|Purchased||Amount at year|
|||fair value||||Sold amount in||
|Items||change in the|value change|provisions in|amount in the|the reporting||
||beginning||recorded into|the reporting|reporting||end|
|||reporting||||period||
||||equity|period|period|||
|||period||||||
|Financial assets||||||||
|1. Tradable||||||||
|financial assets||||||||
|(excluding||||||||
||||||3,000,000.00||3,000,000.00|
|derivative||||||||
|financial||||||||
|assets)||||||||
|Other Non||||||||
|current|243,158,605.30||||305,000,000.00||548,158,605.30|
|financial assets||||||||
|Total|243,158,605.30||||308,000,000.00||551,158,605.30|
|Financial||||||||
||0.00||||0.00||0.00|
|Liability||||||||

Did great change take place in measurement of the principal assets in the reporting period ?
□ Yes√No
3. Restricted asset rights as of the end of this Reporting Period
Restrictions on asset rights at the end of the reporting period are as follows:
The restrictive currency funds are 4,221,140,438.53 yuan, mainly including the security deposit of acceptance bill, the time deposit and the guarantee deposit.
The restrictive fixed assets are 10,023,924,207.63 yuan, mainly including the fixed assets formed by set mortgage and finance lease.
The restrictive intangible assets are 444,132,103.11 yuan, mainly as the collateral for obtaining loans.
The restrictive construction in progress is 2,387,597,640.81 yuan, mainly as the collateral to obtain loans.
The restrictive investment real estate is 663,577,011.23 yuan, mainly as the collateral to obtain loans.
The restrictive inventory amount is 286,588,819.60 yuan, mainly as the collateral to obtain loans.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 The restrictive accounts receivable is 1,739,594,424.68 yuan, mainly is factoring financing.
Ⅴ.Investment situation
1．External investment
√ Applicable□Not applicable
||||
|-|-|-|
|Investments made in the reporting period|Investments made in same period of last year|+/- %|
|2,618,415,914.74|3,148,450,556.06|-16.83%|

 2.Condition of Acquiring Significant Share Right Investment during the Report Period
√Applicable□ Not applicable
In RMB
||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Nameof the|||Invest||||Invest||Progress up||Gain orLess or||Date of||
|||||||||||||Whether|||
|Compa|MainBusiness|InvestmentWay|ment|ShareProportion %|Capital|Partner|ment|Product|to|AnticipatedIncom|the|toInvolvein|Disclosu|DisclosureIndex|
|ny|||Amoun||Source||Horizo|Type|Balanc||Current||re(Note||
|Invested|||t||||n||e SheetDate|e|Investment|Lawsuit|5)||
|Tunghs|||||||||||||||
|u|||||||||||||||
|(Jinzho|||||||||||||||
|u)||||||||Photoel|||||||
||Photoel||||||||||||||
|Precisio|ectric|New|500,00|100.00|Self||long-te|ectric|Compl||||||
|n||establis|0,000.0|||No||display||0.00|0.00|No|||
||display|||%|funds||rm||eted||||||
|optoele||hment|0|||||materia|||||||
||material||||||||||||||
|ctronic||||||||l|||||||
|technol|||||||||||||||
|ogy co.,|||||||||||||||
|Ltd.|||||||||||||||
|Tunghs|Photoel||||||||||||||
|u|||||||||||||||
|(Jinzhou)|||||||||||||||
|||||||||Photoel|||||||
|Intellig|ectric|New|300,00|100.00|Self||Long-t|ectric|Compl||||||
|||establis|0,000.0|||No||display||0.00|0.00|No|||
|ent|display|||%|funds||erm||eted||||||
|||hment|0|||||materia|||||||
|material|material|||||||l|||||||
|technol|||||||||||||||
|ogy co.,|||||||||||||||
|Ltd.|||||||||||||||
|Tunghs|Photoel||||||||||||||
|u|||||||||||||||
|(Jinzhou)|||||||||||||||
|||||||||Photoel|||||||
|Intellig|ectric|Newestablis|300,000,000.0|100.00|Self|No|Long-t|ectricdisplay|Compl|0.00|0.00|No|||
|ent|display|||%|funds||erm||eted||||||
|||hment|0|||||materia|||||||
|Opteoelectronic|material|||||||l|||||||
|Co.,|||||||||||||||
|Ltd.|||||||||||||||
|Tunghs|Photoel||||||||||||||
|u|||||||||||||||
|(Jinzhou)|||||||||||||||
|||||||||Photoel|||||||
|Precisio|ectric|Newestablis|500,000,000.0|100.00|Self|No|Long-t|ectricdisplay|Compl|0.00|0.00|No|||
|n|display|||%|funds||erm||eted||||||
|||hment|0|||||materia|||||||
|Opteoel|material|||||||l|||||||
|ectronic|||||||||||||||
|Co.,|||||||||||||||
|Ltd.|||||||||||||||
|Liaonin|Researc|New|100,00|100.00|Self|No|Long-t|high-en|Compl|0.00|-30.00|No|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|g|h &|establis|0,000.0|%|funds||erm|d|eted||||||
|Tunghs|Develo|hment|0|||||manufa|||||||
|u|pment|||||||cture|||||||
|Sanbao|and||||||||||||||
|Intellig|Manufa||||||||||||||
|ent|cturing||||||||||||||
|Technol|of||||||||||||||
|ogy|Robot||||||||||||||
|Co.,|and||||||||||||||
|Ltd.|Intellig||||||||||||||
||ent||||||||||||||
||Electro||||||||||||||
||nic||||||||||||||
||equipm||||||||||||||
||ent||||||||||||||
|||||||Kunsha|||||||||
|Tunghs|||||||||||||||
|||||||n|||||||||
|u|||||||||||||||
|Kunsha|Photoel|||||Develo||Photoel||||||http://w|
|n|ectric|Increas|400,00||Rised|pment|Long-t|ectric|Compl||-4,185,4||March|ww.cnin|
|||e|0,000.0|93.40%||Zone||display||0.00||No|||
|DisplayMateria|displaymaterial||||funds||erm||eted||13.92||9,2019|fo.com.cn|
|||capital|0|||Guotou||materia|||||||
|ls Co.,Ltd.||||||Holdings Co.,||l|||||||
|||||||Ltd.|||||||||
||||2,100,0||||||||||||
||||||||||||-4,185,4||||
|Total|--|--|00,000.|--|--|--|--|--|--|0.00||--|--|--|
||||||||||||43.92||||
||||00||||||||||||

3.Situation of the Significant Non-equity Investment Undergoing in the Report Period
□ Applicable√ Not applicable
4.Investment of Financial Asset
（1）Securities investment
√ Applicable□Not applicable
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Securitycategory|Securitycode|StockAbbreviation:|Initialinvestment cost|Modeofaccountingmeasurement|Netcarryingamountbalance atthebeginningof thereportingperiod|Changesinfairvalue ofthethisperiod|Cumulativefairvaluechanges inequity|Purchaseamountin thethisperiod|Saleamountinthethisperiod|Gain/lossof thereportingperiod|Netcarryingamountbalanceat theend ofthereportingperiod|Accountingitems|Sourceoftheshares|
|Bonds|204004|GC004|3,000,000.00|FVM|0|0|0|3,000,000.00|0|0|3,000,000.00|Transactionalfinancial assets|Selffunds|
|Total|||3,000,000.00|--|0|0|0|3,000,000.00|0|0|3,000,000.00|--|--|
|Securities InvestmentApproval BoardAnnouncement||||||||||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||
|-|
|Disclosure Date|
|Securities InvestmentApproval Shareholders'Meeting AnnouncementDisclosure Date (if any)|

（2）Investment in Derivatives
□ Applicable√ Not applicable
Nil
Ⅵ. Significant Asset and Right Offering
1.Situation of Significant Asset Sale
□ Applicable√ Not applicable
Nil
2.Situation of Substantial Stake Sale
□ Applicable√ Not applicable
Ⅶ.Analysis of the Main Share Holding Companies and Share Participating Companies
√ Applicable□ Not applicable
Situation of Main Subsidiaries and the Joint-stock Company with over10% net profit influencing to the Company In RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
|Company|Company|Sectors|Registered||||Operating||
|||||Total assets|Net assets|Turnover||Net Profit|
|Name|type|engaged in|capital||||profit||
|Wuhu|||||||||
|Tunghsu||Equipment|||||||
|Optoelectronic|Subsidiary|and|2,500,000,000.|18,372,631,9|3,689,405,49|2,178,587,81|885,107,14|753,444,410.24|
|||technology|00|84.28|2.48|6.15|9.25||
|Equipment|||||||||
|Technology||Service|||||||
|Co.,Ltd.|||||||||
|Tunghsu|||||||||
|Construction|||3,000,000,000.|8,605,204,37|3,522,915,56|1,011,103,46|121,227,20||
||Subsidiary|Construction||||||89,344,160.05|
|Group Co.,|||00|2.88|5.19|6.89|9.43||
|Ltd.|||||||||
|Wuhu|||||||||
|Tunghsu||Photoelectric|||||||
|Optoelectroni|||2,000,000,000.|11,113,701,5|5,542,854,86|406,102,687.|55,304,194||
||Subsidiary|displaymaterial||||||50,621,430.45|
|c|||00|99.97|6.59|12|.88||
|Technology|||||||||
|Co.,Ltd.|||||||||
|Sichuan|||||||||
|Xuhong||Photoelectric|||||||
||||2,000,000,000.|3,776,575,57|2,242,805,06|211,894,433.|66,519,340||
|Optoelectroni|Subsidiary|display||||||55,981,994.87|
||||00|2.12|7.29|02|.47||
|c Technology||material|||||||
|Co., Ltd.|||||||||

Acquirement and disposal of subsidiaries in the Reporting period
√ Applicable□Not applicable
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Name|Mode|Influence|
|Wuhan Tunghsu Optoelectronic|||
||Disposition|Based on overall strategic layout planning considerations|
|Technology Co., Ltd.|||
|Zhongcheng Guojian Co., Ltd.|Disposition|Based on overall strategic layout planning considerations|

VIII．Structured vehicle controlled by the Company
□ Applicable√ Not applicable
IX. Prediction of business performance for January -September 2019
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
X. Risks facing the Company and countermeasures
1. Macroeconomic cyclical fluctuation risk and technology upgrade alternative risk
The Company's optoelectronic display materials business centered on glass substrates, which relied on the LCD panels in the downstream industry. In recent years, LCD panels have gradually evolved from low-generation to high-generation. Due to the gradual saturation demand in the global consumer electronics market, the growth of the consumer electronics industry has slowed down, and the competition in LCD panels and upstream glass substrates has been intensified, leading to the price of glass substrates decreased. In addition, with the rapid development of the electronic display industry, other new alternatives of composite materials may be surfaced in the future, thus if the downstream flat panel display industry undergoes major technological changes and the Company fails to timely achieve the technological innovation, then the Company will face certain alternative risks brought by technologies upgrading, and will expose to the risk of a downturn in the industry.
Improvement actions: After years of development, the Company has many times broken through the international technology blockade upon the strong scientific research strength, realized the home-made of liquid crystal glass substrates, and gradually become a leading enterprise in the production of integrated photoelectric display materials and intelligent manufacturing. In recent years, under the multi-round industry-driven model, the Company has made coordinated development and synergy development, closely tracking and analyzing the trend of macroeconomic situation, predicting the macroeconomic changes, mastering the relevant industry policies and information, and timely preventing from the policy risks and industry risks to ensure the efficiency and effectiveness of the Company's operations, as well as effectively responded to the macroeconomic cyclical fluctuations. Furthermore, upon the continuous investment in scientific research, the Company has maintained the technological advantages in the field of optoelectronic display. In order to cope with the risks of technology substitution and to adapt to the development trend and technological changes, the Company will continue to increase investment in research and development, putting efforts to make constant breakthroughs in the ultra-thin glass, high-temperature glass and OLED carrier glass, thereby effectively improving the core technology level and market competitiveness of glass substrates.
2. Risks brought by the continuous decline of subsidies for new-energy vehicles
With the gradual maturity of the new energy automobile industry, the continuous decline of new energy automobile subsidies will bring certain impact on the future sales of new energy automobile products. At present, the new energy automobile industry is highly competitive and highly dependent on policy. Although the Company has detailedly measured the feasibility of realizing the relevant business plan after the subsidies retreat, Sunlong bus will face the risk of its business performance less-than-expected if there are major adverse changes in the relevant industrial policies in the future. Besides, in recent years, due to the slow global economic recovery, exchange rate fluctuations, changes in the economic pattern and other complex factors, the automobile market competition will be increasingly intensified.
Improvement actions: In the future, the competition in China's auto industry will continue to intensify. Due to the
gap between technology and capital, the leading enterprises have strong ability to reduce costs. In the future, the
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 industry concentration is expected to increase significantly, and the effect of leading position will be increasingly obvious-that a leading company with the comprehensive advantages of technology, capital,R&D and brand will continue to benefit more and the small-scale companies will have limited profit margins. In addition, with the gradual improvement and upgrade of related technologies in power batteries, vehicle manufacturing, charging piles, charging stations and so on, the production costs and the unit sales prices will be effectively reduced; thus the production costs of Shenlong Bus is expected to gradually decline, which will effectively offset the adverse effects brought by the subsidy retreat policy, and will then drive the demand growth and sales of Shenlong new energy passenger bus products. In recent years, with the increasing awareness of environmental protection among Chinese people, new energy vehicles have become more and more popular, and new energy vehicles are more likely to be accepted by the public as a major force for energy conservation and emission reduction. Furthermore, with the continuous deepening development of the “One Belt, One Road” construction-which is deemed as the world's longest economic corridor across more than 60 countries and regions, the overseas new energy bus market is likely to have a gradual recovery, thus providing a good external environment for the development of Sunlong Bus's overseas business. Meanwhile, the building work of the auto finance business was initiated, which not only solved the recent operational disturbances, but also mainly solved the difficulties and shortcomings faced in the long-term scale development.
V. Important Events
1. Annual General Meeting and ExtraordinaryShareholders’ Meetings in the Reporting Period
1.Annual General Meeting
|||||||
|-|-|-|-|-|-|
|||Investor||||
|Meeting|Type|participation|Convened date|Disclosure date|Index to disclosed information|
|||ratio||||
||||||Announcement No.:2019-024)..|
|The First provisional|Provisional|||||
||||||Published in China Securities Daily, Securi|
|shareholders’|shareholders’|24.21%|April 19,2019|April 20,2019|ties Times, Shanghai Securities Daily ,|
|General meeting in|General|||||
|2019|meeting||||Securities daily , Hong Kong Commercial|
||||||Daily and http//.www.cninfo.com.cn.|
||||||Announcement No.:2019-039)..Published in China Securities Daily, Securi|
||Annual|||||
|2018 Shareholders’|Shareholders’|18.93%|May 20,2019|May 21,2019|ties Times, Shanghai Securities Daily ,|
|general meeting|General|||||
||Meeting||||Securities daily , Hong Kong CommercialDaily and http//.www.cninfo.com.cn.|
|The Second|||||Announcement No.:2019-047)..|
||Provisional|||||
|provisional|||||Published in China Securities Daily, Securi|
|shareholders’|shareholders’|18.96%|June 14,2019|June 15,2019|ties Times, Shanghai Securities Daily ,|
||General|||||
|General meeting in|meeting||||Securities daily , Hong Kong Commercial|
|2019|||||Daily and http//.www.cninfo.com.cn.|
|The Third|||||Announcement No.:2019-047)..|
||Provisional|||||
|provisional|||||Published in China Securities Daily, Securi|
|shareholders’|shareholders’|19.13%|July 15,2019|July 16,2019|ties Times, Shanghai Securities Daily ,|
||General|||||
|General meeting in|meeting||||Securities daily , Hong Kong Commercial|
|2019|||||Daily and http//.www.cninfo.com.cn.|
|The Fourth|||||Announcement No.:2019-071)..|
||Provisional|||||
|provisional|||||Published in China Securities Daily, Securi|
|shareholders’|shareholders’|19.11%|July 26,2019|July 27,2019|ties Times, Shanghai Securities Daily ,|
||General|||||
|General meeting in|meeting||||Securities daily , Hong Kong Commercial|
|2019|||||Daily and http//.www.cninfo.com.cn.|

2. Preferred stockholders restored voting rights to request to convene ProvisionalShareholders’ Meeting.
□Applicable√Not applicable
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 II. Proposal for profit distribution and converting capital Reserve into share actual for the reporting period□ Applicable√Not applicable
For the reporting period, the Company plans not to distribute cash dividends or bonus shares or convert capital reserve into share capital.
III. The fulfilled commitments in the reporting period and under-fulfillment commitments by the end of the reporting period made by the company, shareholder, actual controller, acquirer, director, supervisor, senior management personnel and other related parities.
□ Applicable√Not applicable
Not -existent
IV. Particulars about engagement and disengagement of CPAs firm
Whether the semi-annual financial report had been audited?
□ Yes√ Not
The semi-annual report was not audited.
V. Explanations given by board of directors and supervisory board regarding “ Modifiedauditor’s” Issued by CPAs firm for the reporting period
□ Applicable√ Not applicable
VI. Explanations given by Board of Directors regarding “ Modifiedauditor’s Report” Issued for last year□ Applicable√ Not applicable
VII. Bankruptcy and restructuring
□ Applicable√ Not applicable
No such cases in the reporting period.
VIII. Legal matters
Significant lawsuits or arbitrations
□ Applicable√ Not applicable
No such cases in the reporting period.
Other legal matters
□ Applicable√ Not applicable
IX. Punishments and rectifications
□ Applicable√ Not applicable
No such cases in the reporting period.
X. Credit conditions of the Company as well as its Controlling shareholder and actual Controller
□ Applicable√ Not applicable
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 XI.Equity incentive plans, employee stock ownership plans or other incentive measures for employees√ Applicable□Not applicable
1. The Company's first session of staff shareholding plan totaled RMB 495.4 million and involved full-amount subscription of 72,639,296 shares in the Company's 2015 private placement through Changjiang Xingli No.2 Directed Issue Plan at cost price of RMB 6.82/share. Going public at Shenzhen Stock Exchange on December 17, 2015, the preceding shares will sustain 48 months in total. The restriction on sales was relieved in the staff shareholding plan on December 18, 2018. The due date is December 16, 2019.
On June 15, 2019, the company disclosed the Suggestive Announcement on the First Phase of Employee Stock Ownership Plan 6 months before the expiration of the first phase of employee stock ownership plan according to the relevant provisions of Shenzhen Stock Exchange's Mainboard Information Disclosure Memorandum No 3 - Equity Incentive and Employee Stock Ownership Plan.
2. The Company set up the second session of its staff shareholding plan on September 5, 2017. Through the assembled fund trust plan of the Zhonghai Trust-Tunghsu Optoelectronic Staff Shareholding Plan, 52,555,280 shares of the Company were bought at the secondary market in such methods as centralized bidding and block trade, involving the amount of RMB 496,412,100, RMB 9.45/share in average; on December 28, 2017, the transaction was completed and funds earned were transferred to the account of the assembled fund trust plan. The duration is 24 months, and the duration of the Employee Stock Ownership Plan will expire on September 4, 2019. On March 2, 2019, the company disclosed the Suggestive Announcement on the Second Phase of Employee Stock Ownership Plan 6 months before the expiration of the second phase of employee stock ownership plan according to the relevant provisions of Shenzhen Stock Exchange's Mainboard Information Disclosure Memorandum No 3 - Equity Incentive and Employee Stock Ownership Plan.
According to the Guidance on Regulating Asset Management Business of Financial Institutions jointly issued by the People's Bank of China, the Bank of China Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange (YF[2018] No.106, hereinafter referred to as the "New Regulation of Assets"), the "Zhonghai Trust Co., Ltd. - Zhonghai Trust-Tunghsu Optoelectronic Collective Funds Trust Plan for Employee Stock Ownership Plan" subscribed for in the second phase of the Company's Employee Stock Ownership Plan does not meet the requirements of the new regulation on leverage ratio. According to the new asset management regulations and related regulatory requirements, the company's second phase of employee stock ownership plan will not be extended. The company disclosed the Announcement on the Termination of the Company's Second Phase of Employee Stock Ownership Plan on July 27, 2019 in accordance with the relevant provisions of Shenzhen Stock Exchange's Mainboard Information Disclosure Memorandum No 3 - Equity Incentive and Employee Stock Ownership Plan, the Second Phase of Employee Stock Ownership Plan of Tunghsu Photoelectric Technology Co., Ltd. (Draft) and Shenzhen Stock Exchange's Information Disclosure Guidelines for Listed Companies No.4 - Employee Stock Ownership Plan (Draft for Comments).
XII.Material related transactions
1. Related transactions in connection with daily operation
√ Applicable□Not applicable
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||Whe|||||
|||||||||Trading|ther|||||
|||||Principl||||||||||
||||Subjects|e of|||Rati|limit|over||Market||Index|
|||||||Amount|o in||||||of|
||||of the|pricing|||||||price of|Date of||
|Related|Relation|Type of|||Price of|of trade|simil|approved(t|the|Way of|||inform|
||||related|the|||||||similar|disclosu||
|parties|ship|trade|||trade|(ten|ar|||payment|||ation|
||||transacti|related|||||||trade|re||
|||||||thousand)|trade|en|appr||||disclos|
||||ons|transacti|||||||available|||
||||||||s||||||ure|
|||||ons||||thousand)|oved|||||
||||||||||limit|||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||ed or|||||
||||||||||not|||||
||||||||||(Y/N|||||
||||||||||)|||||
|Zhongsh|||Constru||||||||||http://|
|anShenzho|Controlled by|Sellinggoods||||||||||||
|ng RealEaesteDevelop|the same|and|ction|Reference pricesetting|22,971.2|22,971.24||70,881.1|No|Currency|22,971.24|April|www.c|
||actual|providin|Enginee||4|||||||30,2019|ninfo.c|
|mentCo.,|controller|gservices|ring||||||||||om.cn|
|Ltd.||||||||||||||
|Donggu||||||||||||||
||Controll|Selling||||||||||||
|an Real||||||||||||||
|Eaeste|ed by|goods|Constru|Referen|||||||||http://|
|Develop|the same|and|ction|ce price|9,353.83|9,353.83||23,822.96|No|Currency|9,353.83|April|www.c|
||actual|providin|Enginee|||||||||30,2019|ninfo.c|
|ment||||setting||||||||||
||controll|g|ring||||||||||om.cn|
|Co.,Ltd.|er|services||||||||||||
|Kunmin||||||||||||||
|g||||||||||||||
|Tunghsu|Controll|Selling||||||||||||
|Qiming|ed by|goods|Constru|Referen|||||||||http://|
|Investm|the same|and|ction|||||||||April|www.c|
|||||ce price|8,184.12|8,184.12||57,164.1|No|Currency|8,184.12|||
|ent|actual|providin|Enginee|||||||||30,2019|ninfo.c|
|||||setting||||||||||
|Develop|controll|g|ring||||||||||om.cn|
|ment|er|services||||||||||||
|Co.,||||||||||||||
|Ltd.||||||||||||||
|Huidong||||||||||||||
|BaoanHongji|Controll|Selling||||||||||||
|Real|ed by|goods|Constru|Referen|||||||||http://|
||the same|and|ction|||||||||April|www.c|
|estate||||ce price|7,878.76|7,878.76||22,686.34|No|Currency|7,878.76|||
||actual|providin|Enginee|||||||||30,2019|ninfo.c|
|Development|controll|g|ring|setting|||||||||om.cn|
||er|services||||||||||||
|Co.,||||||||||||||
|Ltd.||||||||||||||
|Chongqi||||||||||||||
|ng|Controll|Selling||||||||||||
|Tunghsu|ed by|goods|Constru|Referen|||||||||http://|
|Qide|the same|and|ction|ce price|7,273.87|7,273.87||1,600|Yes|Currency|7,273.87|April|www.c|
|Real|actual|providin|Enginee|||||||||30,2019|ninfo.c|
|estate|controll|g|ring|setting|||||||||om.cn|
|Co.,|er|services||||||||||||
|Ltd.||||||||||||||
|Zhongsh||||||||||||||
|an|Controll|Selling||||||||||||
|Shenzho|ed by|goods|Constru||||||||||http://|
|||||Referen||||||||||
|ng Real|the same|and|ction|ce price|5,174.76|5,174.76||500|No|Currency|5,174.76|April|www.c|
|Eaeste|actual|providin|Enginee|||||||||30,2019|ninfo.c|
|||||setting||||||||||
|Investm|controll|g|ring||||||||||om.cn|
|ent Co.,|er|services||||||||||||
|Ltd.||||||||||||||
|Total||||--|--|60,836.58|--|176,654.5|--|--|--|--|--|
|Details of any sales return of a large||||||||||||||
|||||Nil||||||||||
|amount||||||||||||||
|Give the actual situation in the report||||||||||||||
|||||Nil||||||||||
|period where a forecast had been||||||||||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||
|-|-|
|made for the total amounts of routine||
|related-party transactions by type to||
|occur in the current period(if any)||
|Reason for any significant difference||
|between the transaction price and the|Not applicable|
|market reference price (if applicable)||

2. Related-party transactions arising from asset acquisition or sold
□ Applicable√ Not applicable
No such cases in the reporting period.
3. Related-party transitions with joint investments
□Applicable√ Not applicable
No such cases in the reporting period.
4. Credits and liabilities with related parties
√ Applicable□Not applicable
Whether has non-operational contact of related liability and debts or not
□ Yes√ No
No such cases in the reporting period.
5. Other significant related-party transactions
□Applicable√ Not applicable
No such cases in the reporting period.
XIII. Particulars about the non-operating occupation of funds by the Controlling shareholder and other related parties of the Company
□Applicable√ Not applicable
The company was not involved in the non-operating occupation of funds by the controlling shareholder and other related parties during the reporting period.
XIV. Significant contracts and execution
1.Entrustments, contracting and leasing
（1）Entrustment
□Applicable√ Not applicable
No such cases in the reporting period.
（2）Contracting
□Applicable√ Not applicable
No such cases in the reporting period.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019（3）Leasing
□Applicable√ Not applicable
No such cases in the reporting period.
2.Significant guarantees
√ Applicable□Not applicable
（1）Guarantees
Ten thousands yuan
||||||||||
|-|-|-|-|-|-|-|-|-|
|External Guarantee (Exclude controlled subsidiaries)|||||||||
||Relevant|||Actual|||||
||||Date ofhappening||||||
|||||||||Guaranteefor|
||disclosure||||||Complete||
|Name of the|date/No. of|Amount of|(Date of|mount of|Guarantee type|Guarantee term|implementa|associated|
|Company|the|Guarantee|||||tion||
||guaranteed||signing|guarantee|||or not|parties|
||||agreement)|||||(Yes or no)|
||amount||||||||
|Auto sales|||||The joint||||
||July||||||||
|mortgage||150,000||21,898.34|liability|12 months|No|No|
||14,2018||||||||
|customers|||||guaranty||||
|Total of external guarantee||||Total of external guarantee|||||
|approved in the report term||0||actually occurred in the report||21,898.34|||
|(A1)||||term (A2)|||||
|Total of external guarantee||||Total of external guarantee|||||
|approved as of end of report||150,000||actually occurred as of end of||21,898.34|||
|term (A3)||||report term (A4)|||||
|Guarantee of the company for its subsidiaries|||||||||
||Amount of||Actual date of||||||
|||Amount of|||||||
|Guarantee|guarantee||occurring|Actual amount|Type of||Complete|Related|
|||the||||Term|||
|provided to|and date of||(signing date of|of guarantee|guarantee||d or not|guarantee|
|||guarantee|||||||
||disclosure||agreements||||||
|Wuhu Tunghsu|||||||||
||||||The joint||||
|Optoelectronic|June|132,000|November|59,375|liability|96 months|No|No|
|Technology Co.,|20,2013||12,2013||||||
||||||guaranty||||
|Ltd.|||||||||
|Wuhu Tunghsu|||||||||
||||||The joint||||
|Optoelectronic|September|90,000|April 8,2014|34,375|liability|96 months|No|No|
|Technology Co.,|27,2013||||||||
|Ltd.|||||guaranty||||
|Wuhu Tunghsu|||||||||
|Optoelectronic|||||The joint||||
||April||||||||
|Equipment||150,000|October 30,2014|29,000|liability|96 months|No|No|
||12,2014||||||||
|Technology Co.,|||||guaranty||||
|Ltd.|||||||||
|Wuhu Tunghsu|||||||||
||||||The joint||||
|Optoelectronic|November||December||||||
|||52,300||38,678.63|liability|6 years|No|No|
|Technology Co.,|18,2016||2,2016||||||
|Ltd.|||||guaranty||||
|Wuhu Tunghsu|||||||||
|Optoelectronic|December||||The joint||||
|Equipment||9,500|July 31, 2018|9,500|liability|1 years|No|No|
||26, 2017||||||||
|Technology Co.,|||||guaranty||||
|Ltd.|||||||||
|Tunghsu|||||The joint|From the|||
||May||||||||
|（Kunshan）||38,000|May 14,2018|27,166.67|liability|effective date|No|No|
||11,2018||||||||
|Display Material|||||guaranty|of the|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||||
|-|-|-|-|-|-|-|-|-|
|Co., Ltd.||||||guarantee|||
|||||||contract to|||
|||||||two years|||
|||||||after the|||
|||||||expiration of|||
|||||||the term of|||
|||||||performance|||
|||||||of the finance|||
|||||||lease contract|||
|Tunghsu|||||||||
||||||The joint||||
|（Kunshan）|July||||||||
|||15,000|July 26,2018|4,950|liability|3 years|No|No|
|Display Material|14,2018||||||||
||||||guaranty||||
|Co., Ltd.|||||||||
|Chongqing|||||||||
|Jinghuateng|August||September||The joint||||
|Optoelectronic||1,000||1,000|liability|1 year|No|No|
||4,2018||26,2018||||||
|Technology Co.,|||||guaranty||||
|Ltd.|||||||||
|Chongqing|||||||||
|Jinghuateng|August||||The joint||||
|Optoelectronic||1,000|February 7,2018|1,000|liability|1 year|No|No|
||4,2018||||||||
|Technology Co.,|||||guaranty||||
|Ltd.|||||||||
|Zhengzhou Xufei|||||||||
||||||The joint||||
|Optoelectronic|August|8,000|September|8,000|liability|12 months|No|No|
|Technology Co.,|31,2018||18,2018||||||
|Ltd.|||||guaranty||||
||||||The joint||||
|Jiangsu Jixing New|September||September||||||
|||10,000||8,458.34|liability|3 years|No|No|
|material Co., Ltd.|22,2018||30,2018||||||
||||||guaranty||||
||||||The joint||||
||September||November||||||
|Shanghai Sunlong||4,000||2,000|liability|1 year|No|No|
||22,2018||5,2018||||||
||||||guaranty||||
||||||The joint||||
||September||September||||||
|Zhengzhou Xufei||12,000||12,000|liability|1 year|No|No|
||22,2018||28,2018||||||
||||||guaranty||||
||||||The joint||||
|Chongqing Jinghua|September||September||||||
|||2,000||2,000|liability|1 year|No|No|
|teng|22,2018||27,2018||||||
||||||guaranty||||
||||||The joint||||
|Hunan Tunghsu|October||December||||||
|||12,000||2,000|liability|1 year|No|No|
|Delai|20,2018||19,2018||||||
||||||guaranty||||
||||||The joint||||
||October||November||||||
|Guangxi Sunlong||30,000||5,000|liability||No|No|
||20,2018||29,2018||||||
||||||guaranty||||
||||||The joint||||
|Jiangsu Tunghsu|October||||||||
|||2,000|January 3,2019|1,500|liability|1 year|No|No|
|Yitai|20,2018||||||||
||||||guaranty||||
||||||The joint||||
||October||||||||
|Suzhou Tengda||2,000|October 31,2018|2,000|liability|1 year|No|No|
||31,2018||||||||
||||||guaranty||||
||||||The joint||||
|Chongqing Jinghua|October||November||||||
|||2,500||2,500|liability|1 year|No|No|
|teng|31,2018||20,2018||||||
||||||guaranty||||
||||||The joint||||
||October||December||||||
|Guangxi Sunlong||11,000||11,000|liability|3 years|No|No|
||31,2018||28,2018||||||
||||||guaranty||||
||||||The joint||||
||October||||||||
|Guangxi Sunlong||19,000|January 3,2019|9,000|liability|3 years|No|No|
||31,2018||||||||
||||||guaranty||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||||
|-|-|-|-|-|-|-|-|-|
||||||The joint||||
||November||December||||||
|Suzhou Tengda||2,500||2,000|liability|1 year|No|No|
||24,2018||3,2018||||||
||||||guaranty||||
|Tunghsu|||||||||
||||||The joint||||
|（Kunshan）|November||December||||||
|||30,000||10,000|liability|1 year|No|No|
|Display Material|24, 2018||14,2018||||||
||||||guaranty||||
|Co., Ltd.|||||||||
||||||The joint||||
||December||||||||
|Shanghai Sunlong||2,500|January 3,2019|2,500|liability|12 months|No|No|
||26,2018||||||||
||||||guaranty||||
|Tunghsu|||||||||
||||||The joint||||
|（Kunshan）|January||||||||
|||4,950||0|liability|24 months|No|No|
|Display Material|17,2019||||||||
||||||guaranty||||
|Co., Ltd.|||||||||
||||||The joint||||
||January||||||||
|Shanghai Sunlong||2,990||0|liability|6 months|No|No|
||17,2019||||||||
||||||guaranty||||
||||||The joint||||
||January||||||||
|Guangxi Sunlong||10,000|January 28,2019|10,000|liability|1 year|No|No|
||26,2019||||||||
||||||guaranty||||
||||||The joint||||
||January||||||||
|Guangxi Sunlong||17,000|March 6,2019|10,000|liability|1 year|No|No|
||26,2019||||||||
||||||guaranty||||
||||||The joint||||
||January||||||||
|Zhengzhou Xufei||11,000||0|liability|1 year|No|No|
||19,2019||||||||
||||||guaranty||||
||||||The joint||||
|Hunan Tunghsu|March||||||||
|||5,000|March 20,2019|3,000|liability|1 year|No|No|
|Weitao|2,2019||||||||
||||||guaranty||||
||||||The joint||||
|Jiangsu Tunghsu|March||||||||
|||3,000|March 8,2019|2,945|liability|1 year|No|No|
|Yitai|2,2019||||||||
||||||guaranty||||
||||||The joint||||
|Wuhu Tunghsu|March||||||||
|||6,000||0|liability|1 year|No|No|
|Optoelectronic|2,2019||||||||
||||||guaranty||||
||||||The joint||||
|Wuhu Tunghsu|March||||||||
|||3,000||0|liability|1 year|No|No|
|Weigao|23,2019||||||||
||||||guaranty||||
||||||The joint||||
|Chongqing|April||||||||
|||2,000|April 19,2019|2,000|liability|1 year|No|No|
|Jinghuateng|4,2019||||||||
||||||guaranty||||
||||||The joint||||
|Hunan Tunghsu|April||||||||
|||2,000|April 16,2019|2,000|liability|1 year|No|No|
|Weisheng|4,2019||||||||
||||||guaranty||||
||||||The joint||||
|Chenzhou Xuhong|||||||||
||May 9,2019|26,200|June 6,2019|26,200|liability|15 years|No|No|
|Traffic|||||||||
||||||guaranty||||
||||||The joint||||
|Guangxi Sunlong|May 9,2019|60,000|May 21,2019|60,000|liability|36 months|No|No|
||||||guaranty||||
|Wuhu Tunghsu|||||The joint||||
||May||||||||
|Optoelectronic||28,000|June 17,2019|10,500|liability|1 year|No|No|
||30,2019||||||||
|Equipment|||||guaranty||||
||||||The joint||||
||June||||||||
|Shanghai Sunlong||87,500|||liability||No|No|
||28,2019||||||||
||||||guaranty||||
|Total of guarantee for||||Total of actual guarantee|||||
|||268,640||||140,645|||
|subsidiaries||||for subsidiaries in the|||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
|approved in the Period (B1)||Period (B2)||
|Total of guarantee for||Total of actual guarantee||
|subsidiaries|906,940|for subsidiaries at|411,648.64|
|approved at Period-end (B3)||Period-end (B4)||
|Total approved guarantee||Total amount of guarantee||
|amount during the reporting|268,640|amount in the reporting|162,543.34|
|period(A1+B1+C1)||period(A2+B2+C2)||
|Total amount of guarantee||Total actual guarantee balance||
|approved at the end of the|1,056,940|at end of reporting|433,546.98|
|report(A3+B3+C3)||period(A4+B4+C4)||
|The proportion of the total amount of actually guarantee in the||||
|||13.14%||
|net assets of the company(A4+B4+C4)||||
|Including ：||||
|Amount of guarantee for shareholders, actual controller and its||||
|||0||
|associated parties（D||||
|The debts guarantee amount provided for the Guaranteed||||
|parties whose assets-liability ratio exceed 70% directly or||17,000||
|indirectly（E）||||
|Proportion of total amount of guarantee in net assets of the||||
|||0||
|Company exceed 50% (F)||||
|Total guarantee Amount of the abovementioned guarantees||||
|||17,000||
|（D+E+F）||||
|Explanations on possibly bearing joint and several liquidating||||
|||Nil||
|responsibilities for undue guarantees (if any)||||
|Explanations on external guarantee against regulated||||
|||Nil||
|procedures (if any)||||

（2）Illegal providing of external guarantees
□ Applicable√Not applicable
No illegal providing of external guarantees in the report period.
3. Other significant contracts
□Applicable√ Not applicable
No such cases in the reporting period.
XV. Social responsibilities
1.Major environmental protection
The Listed Company and its subsidiary whether belongs to the key sewage units released from environmental protection department
Yes
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||Main|||||||||
|||||Emission|Emission|Implemente||Verified||
|Company or|pollutant|Emission|Emission|port|concentratio|d pollutant|Total|total|Excessive|
|subsidiary|and specific||||||emission||emission|
|||way|port number|distribution|n3)|emission||emission(To||
|name|pollutant||||||||condition|
||name|||condition|(mg/Nm|standards||ns)||
|||After the||Total||Shanghai||||
|Shanghai||treatmentreaches the||discharge ofwastewater||Integratedwastewater||||
|Sunlong|COD|standard,|1|in the|74mg/L|discharge|/|/|Not|
|Bus Co.,|||||||||exceeded|
|Ltd.||enter theurban||southeastcorner of||standardDB31/199-2||||
|||sewage pipe||the plant||018||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||After the||Total||||||
|Shanghai||treatmentreaches the||discharge ofwastewater||ShanghaiIntegrated||||
|Sunlong|Ammonia|standard,|1|in the|5.63mg/L|wastewater|/|/|Not|
|Bus Co.,|nitrogen||||||||exceeded|
|Ltd.||enter theurban||southeastcorner of||dischargestandard||||
|||sewage pipe||the plant||||||
|||After the||Total||Shanghai||||
|Shanghai||treatment||discharge of||Integrated||||
|Sunlong||reaches the||wastewater||wastewater|||Not|
||SS|standard,|1|in the|8mg/L|discharge|/|/||
|Bus Co.,|||||||||exceeded|
|Ltd.||enter theurban||southeastcorner of||standardDB31/199-2||||
|||sewage pipe||the plant||018||||
|||After the||Total||Shanghai||||
|||treatmentreaches the||discharge ofwastewater||Integratedwastewater||||
|Shanghai||||||||||
|Sunlong|Petroleum|standard,|1|in the|0.26mg/L|discharge|/|/|Not|
|Bus Co.,|||||||||exceeded|
|||enter the||southeast||standard||||
|Ltd.||||||||||
|||urban||corner of||DB31/199-2||||
|||sewage pipe||the plant||018||||
|||After the||Total||||||
|Shanghai||treatment||discharge of||Shanghai||||
|||reaches the||wastewater||Integrated||||
|Sunlong|TP|standard,|1|in the|2.19mg/L|wastewater|/|/|Not|
|Bus Co.,|||||||||exceeded|
|Ltd.||enter the||southeast||discharge||||
|||urban||corner of||standard||||
|||sewage pipe||the plant||||||
|||||||"Automotiv||||
|||||||e||||
|||||||Manufacturi||||
|||High-altitud||||||||
|||||||ng(Painting)||||
|Shanghai||e emissions||||||||
|Sunlong|VOCs|after|4|Factory|4.906mg/m³|Air|8.27t|/|Not|
|Bus Co.,||treatment||west|||||exceeded|
|Ltd.||has reached||||PollutantEmission||||
|||the standard||||Standards"||||
|||||||DB32/859-2||||
|||||||014||||
|||||||"Emission||||
|||High-altitud||||Standards||||
|Shanghai||e emissions||West part of||for Air||||
|Sunlong|SO2|after|10|the middle|10.71mg/m³|Pollutants|0.00115t|/|Not|
|Bus Co.,||treatment||of Factory||in Industrial|||exceeded|
|Ltd.||has reached||||Furnaces"||||
|||the standard||||DB31/860-2||||
|||||||014||||
|||||||"Emission||||
|||High-altitud||||Standards||||
|Shanghai||e emissions||West part of||for Air||||
|Sunlong||after||the middle|11.375mg/|Pollutants|||Not|
||NO||10||||0.536t|/||
|Bus Co.,||treatment||of Factory|m³|in Industrial|||exceeded|
|Ltd.||has reached||||Furnaces"||||
|||the standard||||DB31/860-2||||
|||||||014||||
|||||||"Integrated||||
|||High-altitud||||||||
|Shanghai||e emissions||||Emission||||
|||||||Standards||||
|Sunlong|PM|after|18|The middle|2.669mg/m³|for Air|2.997t|/|Not|
|Bus Co.,||treatment||of Factory|||||exceeded|
|Ltd.||has reached||||Pollutants"DB31/933-2||||
|||the standard||||015||||
|Guangxi|Chemical|Continuous|1|There is 1|45mg/L|Integrated|0.92t|/|Not|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Sunlong|oxygen|Blowdown||total sewage||Wastewater|||exceeded|
||demand|||outlet||Discharge||||
|||||||Standard||||
|||||||Level 3||||
|||||||Standard||||
|||||||Integrated||||
|||||||Wastewater||||
|||||There is 1||||||
|Guangxi|Ammonia|Continuous|1|total sewage|2.24 mg/L|Discharge|0.08t|/|Not|
|Sunlong|nitrogen|Blowdown||||Standard|||exceeded|
|||||outlet||Level 3||||
|||||||Standard||||
|||||||Integrated||||
|||||31 exhaust||Wastewater||||
|Guangxi|Toluene|Continuous|31|outlets in|0.135mg/m³|Discharge|0.032t|/|Not|
|Sunlong||Blowdown||the painting||Standard|||exceeded|
|||||workshop||Level 3||||
|||||||Standard||||
|||||||Integrated||||
|||||31 exhaust||Wastewater||||
|Guangxi|Xylene|Continuous|31|outlets in|0.45 mg/m³|Discharge|0.03t|/|Not|
|Sunlong||Blowdown||the painting||Standard|||exceeded|
|||||workshop||Level 3||||
|||||||Standard||||
|||||||Integrated||||
|||||31 exhaust||Wastewater||||
|Guangxi|Particulate|Continuous|31|outlets in|3.4 mg/m³|Discharge|0.284t|/|Not|
|Sunlong|matter|Blowdown||the painting||Standard|||exceeded|
|||||workshop||Level 3||||
|||||||Standard||||
|||||Undergroun||Water||||
|||||||quality||||
|||||||standard for||||
|||Directlydischarge to||||||||
|ChengduTunghsu||||||sewage tobe||||
|IntelligenceTechnology|Waste water|industrial|4|d water pipein the park|8mg/L|dischargedinto urban|14t/a|15 t/a|Not|
|||port sewage|||||||exceeded|
|Co., Ltd.||pipenetwork||||sewage||||
|||||||drain||||
|||||||（CJ3082-1||||
|||||||999）||||
|||||||Integrated||||
|||||||Emission||||
|Chengdu||||||Standard of||||
|Tunghsu||||Production||Air|||Not|
|Intelligence|DUST|Bag filter|2||1mg/ m³|Pollutants|110 mg/ m³|120mg/m³||
|||||Workshop|||||exceeded|
|Technology||||||(GB16297-||||
|Co., Ltd.||||||1996)||||
|||||||secondary||||
|||||||standards||||
|||||||Integrated||||
|||||||Emission||||
|ChengduTunghsu||Air||||Standard ofAir||||
|Intelligence|Tin and its|extraction|2|Production|0.24mg/ m³|Pollutants|3.3 mg/ m³|8.5 mg/ m³|Not|
||compounds|and exhaust||Workshop|||||exceeded|
|Technology||||||(GB16297-||||
|Co., Ltd.||system||||1996)||||
|||||||secondary||||
|||||||standards||||
|Chengdu||||||Emission||||
||||||Daytime|||||
|Tunghsu|||||(65) dB/A|Standard for|||Not|
|Intelligence|NOISE|/|/|In the Zone||Industrial|16500 m³/h|20000 m³/h||
||||||Nightime||||exceeded|
|Technology|||||(55) dB/A|Enterprises||||
|Co., Ltd.||||||Noise at||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||||||Boundary||||
|||||||(GB12348-||||
|||||||2008)||||
|||After||||||||
|||treatment,||||||||
|||the waste||||||||
|||water from||||||||
|||the plant||||||||
|||area will||||||||
|||enter the||||||||
|||municipal||||||||
|||pipe||||||||
|||network of|||PH：6-9；||Waste|Waste||
|||the||||||water1005.4||
||||||COD：|Integrated|water535m³|||
|||industrial||||||m³/d；COD：||
|Tunghsu（Yingkou）||basethrough the||Near thegate on the|52.07mg/L；SS：|WastewaterDischarge|/d；COD：9.93t/a；SS：|57.21t/a；SS：||
|Photoelectric display|Wastewater|totaldischargeoutlet and|1|east side ofthe plant|28.78mg/L；BOD：|Standard ofLiaoningProvince|5.44t/a；BOD：4.24t/a；|56.71t/a；BOD：|Notexceeded|
|Co., Ltd.||bedischarged||area|22.25mg/L；ammonianitroge：|（DB21/1627-2008）|ammonianitroge：|47.64t/a；ammonia||
|||to the No.3|||1.31mg/L||0.25t/a|nitroge：||
|||sewage||||||5.73t/a||
|||treatment||||||||
|||plant of||||||||
|||Liaoning||||||||
|||(Yingkou)||||||||
|||coastal||||||||
|||industrial||||||||
|||base for||||||||
|||further||||||||
|||treatment.||||||||
|||After the||||||||
|||||Total||||||
|Fuzhou||treatment||||Integrated||||
|||||wastewaterdischarge||||||
|Tunghsu||reaches the||||Wastewater||||
|Optoelectro|COD|standard, it|1|outlet in|50mg/L|Discharge|5.48t/a|117.1t/a|Not|
|nic||enters the||||Standard|||exceeded|
|||||southeast||||||
|Technology||urban||||GB8978-19||||
|||||corner of||||||
|Co., Ltd.||sewage pipe||||97||||
|||||plant area||||||
|||network||||||||
|||||||Water||||
|||After the||||quality||||
|Fuzhou||treatment||Total||standard for||||
|||||wastewater||sewage to||||
|Tunghsu||reaches the||||||||
|||||discharge||be||||
|Optoelectro|Ammonia|standard, it|1|outlet in|5mg/L|discharged|0.55t/a|15.6t/a|Not|
|nic|Nitrogen|enters the|||||||exceeded|
|Technology||urban||southeast||into urban||||
|||||corner of||sewage||||
|Co., Ltd.||sewage pipe||||||||
|||||plant area||drain||||
|||network||||CJ-343-201||||
|||||||0||||
|||Discharge||||||||
|||into the||||||||
|||municipal||WS-960001||||||
|Jiangsu||||||||||
|||sewage||west side of||||||
|Jixing New|COD|treatment|1|sewage|≤500|HJ/T399-20|5.2446t|7.35t|Not|
|Material||||||07|||exceeded|
|Co., Ltd.||plant||treatment||||||
|||through the||station||||||
|||sewage pipe||||||||
|||network||||||||
|Jiangsu||Discharge||WS-960001||||||
|||||||GB/T11901|||Not|
|Jixing New|COD|into the|1|west side of|≤5||0.325t|0.735t||
|||||||-1989|||exceeded|
|Material||municipal||sewage||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Co., Ltd.||sewage||treatment||||||
|||treatment||station||||||
|||plant||||||||
|||through the||||||||
|||sewage pipe||||||||
|||network||||||||
|||Discharge||||||||
||||||Emission|||||
|||into the||FQ-960001||||||
||||||concentration ≤ 100|||||
|Jiangsu||atmosphere||north side||||||
|Jixing New|Ammonia|through|1|of|mg/m3;|GB16297-1|0.002165t|0.566t|Not|
|Material|Nitrogen|alkali mist||manufacturi||996|||exceeded|
|Co., Ltd.||spraying||ng|Emissionrate|||||
|||treatment||workshop|≤0.26kg/h|||||
|||facilities||||||||
|||||Furnace||||||
|||||exhaust gas:||||||
|||||60-meter||||||
|||||high||||||
|||||chimney||||||
|||||batching||||||
|||||particulate||||||
|||||matter in||||||
||||||NO2≤700mg/m³ NOX|||||
|||||northwest||||||
||NO 、X|After being||of the plant|≤400mg/m³|E m is s io n|N O ：X|NO ：X||
||particulate|treated by||area:||||||
|Sichuan|matter|dust||crushed|Granule|Standard of|82.67tons|82.67tons/y||
||||||(melting|Air||||
|Xuhong|(melting|removal||glass feed|||/year|ear||
||||||furnace)|Pollutants||||
|Optoelectronic|furnace),particulate|system anddenitration|3|particulatematter on|≤50mg/m³|f o r F la t|SO：1.282|SO：8.492|Notexceeded|
|Technology|matter|system, it is||batching|Particulate|Glass|tons/yearParticulate|tons/yearParticulate||
||||||matter|Industry||||
|Co., Ltd.|(ingredients|discharged||roof in|(batching,|(GB26453-|matter: 2.09|matter: 6.23||
||, broken|into the||northwest|broken|2011)|tons/year|tons/year||
||glass)|atmosphere||of the plant||||||
|||||area: 3rd|glass)≤30mg/m³|||||
|||||floor of||||||
|||||crushed||||||
|||||glass||||||
|||||feeding||||||
|||||building in||||||
|||||northwest||||||
|||||of the plant||||||
|||||area||||||
|Taizhou||||||||||
|Enwang||External|||||||Not|
|New Energy|Waste acid||Nil|Nil|PH 1-3|/|70t|100t||
|||handling|||||||exceeded|
|Technology||||||||||
|Co., Ltd.||||||||||
|||After||||||||
|||passing||||||||
|Wuhu||through the||||||||
|Tunghsu||flue gas||Between||||||
|Optoelectro|（SO）2|treatment|2|plant 101|4.15 mg/m³|SO≤4002|0.3 t|4.52 t/a|Not|
|nic||system, it is||and plant||mg/m³|||exceeded|
|Technology||directly||202||||||
|Co., Ltd.||discharged||||||||
|||into the||||||||
|||atmosphere.||||||||
|||After||||||||
|Wuhu||passing||||||||
|Tunghsu||through the||Between||||||
|Optoelectro|NO( X)|flue gas|2|plant 101|182.9|NOX≤700|14.3 t|84.76 t/a|Not|
|nic||treatment||and plant|mg/m³|mg/m³|||exceeded|
|Technology||system, it is||202||||||
|Co., Ltd.||directly||||||||
|||discharged||||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||into the||||||||
|||atmosphere.||||||||
|||After||||||||
|||neutralizatio||||||||
|||n, it enters||||||||
|Wuhu||the||||||||
|Tunghsu||Chengdong||East side of||||||
|Optoelectro|(COD)|Sewage|1|the east gate|7 mg/L|COD≤500|4.3 t|42.5 t/a|Not|
|nic||Treatment||of the||mg/L|||exceeded|
|Technology||Plant||company||||||
|Co., Ltd.||through||||||||
|||municipal||||||||
|||sewage pipe||||||||
|||network||||||||
|||After||||||||
|||neutralizatio||||||||
|||n, it enters||||||||
|Wuhu||the||||||||
|Tunghsu||Chengdong||East side of||||||
|Optoelectro|NH3 -N)|Sewage|1|the east gate|1.17 mg/L|/|0.72 t|2.86 t/a|Not|
|nic||Treatment||of the|||||exceeded|
|Technology||Plant||company||||||
|Co., Ltd.||through||||||||
|||municipal||||||||
|||sewage pipe||||||||
|||network||||||||
|||Wastewater;||||||||
|||After||||||||
|||treatment, it||||||||
|||is||||||||
|||discharged||||||||
|||by Wuhu||||||||
|||Tunghsu||||||||
|||Photovoltai||||||||
|||||||Integrated||||
|||c||||||||
|||Technology||||Wastewater|Noise: up to|||
|||Co., Ltd||||Discharge|standard|||
|||after||||Standard|Wastewater:|Subject to||
|Wuhu||||||||||
||Wastewater,|reaching the||||(GB8978-1|up to|the||
|TunghsuOptoelectro|noise, solid|standard;|||Meet the|996) and|standard|requirement||
|nic|waste|Noise:|/|/|requirement|Emisson|after|s of|Not|
||(waste|reasonable|||s and|Standard for|treatment,|environmen|exceeded|
|EquipmentTechnology|cutting|layout and|||standards|Industrial|solid waste|tal||
|Co., Ltd|liquid)|noise||||Enterprises|(waste|protection||
|||reduction||||Noise at|cutting|standards||
|||measures;||||Boundary|liquid): 0.2|||
|||Solid waste:||||（GB12348|tons|||
|||waste||||-2008）||||
|||cutting||||||||
|||liquid shall||||||||
|||be||||||||
|||recovered||||||||
|||and treated||||||||
|||by a||||||||
|||qualified||||||||
|||company||||||||
|||The furnace||1 chimney|一Flue gas|The flue gas||||
|||flue gas is||for the|discharge|of glass||||
|||discharged||first-stage|port of|furnace||||
|Zhengzhou|Nitrogen|after being||glass|first-stage|shall be|||Not|
|||treated by a|5|furnace, 1|furnace:|subject to|7.918t/a|10.014t/a||
|Xufei|oxides||||||||exceeded|
|||bag filter,||chimney for|226mg/m³.|the limit||||
|||and the||the|Flue gas|values in||||
|||boiler flue||second-stag|discharge|Table 2 of||||
|||gas is||e glass|port of|Emission||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||discharged||furnace, and|second-stag|Standard of||||
|||after being||1 chimney|e furnace:|Air||||
|||treated by a||for each of|288mg/m³|Pollutants||||
|||low-nitroge||the 3 natural||for||||
|||n burner||gas boilers||Electronic||||
|||||||Glass||||
|||||||Industry||||
|||||||(GB29495-||||
|||||||2013), and||||
|||||||the flue gas||||
|||||||of boiler||||
|||||||shall be||||
|||||||subject to||||
|||||||the||||
|||||||emission||||
|||||||limit values||||
|||||||in Table 1||||
|||||||of Emission||||
|||||||Standard of||||
|||||||Air||||
|||||||Pollutants||||
|||||||for Boiler||||
|||||||(GB13271-||||
|||||||2014)||||
|||||||The flue gas||||
|||||||of glass||||
|||||||furnace||||
|||||||shall be||||
|||||||subject to||||
|||||||the limit||||
|||||||values in||||
|||||||Table 2 of||||
|||||||Emission||||
|||The furnace||1 chimney||Standard of||||
|||||||Air||||
|||flue gas is||for the|Flue gas|Pollutants||||
|||discharged||first-stage||||||
||||||outlet of|for||||
|||after being||glass||||||
||||||first-stage|Electronic||||
|||treated by a||furnace, 1||||||
||||||furnace: notdetected.|GlassIndustry||||
|||bag filter,||chimney for||||||
|Zhengzhou|SO2|and the|5|the|Flue gas|(GB29495-|0t/a|1.387t/a|Not|
|Xufei||boiler flue||second-stag|||||exceeded|
|||gas is||e glass|outlet ofsecond-stag|2013), andthe flue gas||||
|||discharged||furnace, and||||||
||||||e furnace:|of boiler||||
|||after being||1 chimney||||||
||||||not|shall be||||
|||treated by a||for each of||||||
||||||detected.|subject to||||
|||low-nitroge||the 3 natural||||||
|||||||the||||
|||n burner||gas boilers||||||
|||||||emission||||
|||||||limit values||||
|||||||in Table 1||||
|||||||of Emission||||
|||||||Standard of||||
|||||||Air||||
|||||||Pollutants||||
|||||||for Boiler||||
|||||||(GB13271-||||
|||||||2014)||||
|||The furnace||1 chimney|一Flue gas|The flue gas||||
|||flue gas is||for the|discharge|of glass||||
|||discharged||first-stage|port of|furnace||||
|Zhengzhou||after being||glass|first-stage|shall be|||Not|
||Particulates|treated by a|5|furnace, 1|furnace:|subject to|0.113t/a|\||
|Xufei|||||||||exceeded|
|||bag filter,||chimney for|4.26mg/m³.|the limit||||
|||and the||the|Flue gas|values in||||
|||boiler flue||second-stag|discharge|Table 2 of||||
|||gas is||e glass|port of|Emission||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||discharged||furnace, and|second-stag|Standard of||||
|||after being||1 chimney|e furnace:|Air||||
|||treated by a||for each of|3.61mg/m³|Pollutants||||
|||low-nitroge||the 3 natural||for||||
|||n burner||gas boilers||Electronic||||
|||||||Glass||||
|||||||Industry||||
|||||||(GB29495-||||
|||||||2013), and||||
|||||||the flue gas||||
|||||||of boiler||||
|||||||shall be||||
|||||||subject to||||
|||||||the||||
|||||||emission||||
|||||||limit values||||
|||||||in Table 1||||
|||||||of Emission||||
|||||||Standard of||||
|||||||Air||||
|||||||Pollutants||||
|||||||for Boiler||||
|||||||(GB13271-||||
|||||||2014)||||
|||Domestic||||||||
|||wastewater||||||||
|||is||||Implementa||||
|||discharged||||tion of the||||
|||||The||||||
|||after||||integrated||||
|||||company||||||
|||biochemical||||sewage||||
|||||has set up a||||||
|Zhengzhou|COD|(AO2)|1|total|9.67mg/L|discharge|3.22t/a|9.1t/a|Not|
|Xufei||treatment,||||standard|||exceeded|
|||and||wastewaterdischarge||(GB8978-1||||
|||production||||996) table 4||||
|||||port||||||
|||wastewater||||secondary||||
|||is||||standards||||
|||discharged||||||||
|||after||||||||
|||Domestic||||||||
|||wastewater||||||||
|||is||||Implementa||||
|||discharged||||tion of the||||
|||||The||||||
|||after||||integrated||||
|||||companyhas set up a||||||
|||biochemical||||sewage||||
|Zhengzhou|Ammonia|(AO2)|1|total|0.41mg/L|discharge|0.07t/a|0.13t/a|Not|
|Xufei|Nitrogen|treatment,||||standard|||exceeded|
|||||wastewater||||||
|||and||discharge||(GB8978-1||||
|||production||||996) table 4||||
|||||port||||||
|||wastewater||||secondary||||
|||is||||standards||||
|||discharged||||||||
|||after||||||||
|||||||Emission||||
||Non-methan|||||||||
|Chongqing|e total|Be||||standard of|||Not|
||||1|/|60|packaging|/|0.38||
|Jinghuateng|hydrocarbo|organized|||||||exceeded|
|||||||and printing||||
||n|||||industry||||

Entrust financial expected to be unable to recover the principal or impairment might be occurred
1. Shanghai Sunlong Bus Co. Ltd
Shanghai Sunlong Bus Co., Ltd. operates normally throughout the year. The main pollutants are wastewater,
exhaust gas and hazardous waste. The rain and sewage diversion drainage system was completed in 2008. An
industrial wastewater treatment station was built to mainly treat coating wastewater in the production process,
with a designed treatment capacity of 10 t/h and a physical and biochemical treatment process adopted. All the
production wastewater will be discharged into the municipal sewage pipe network (Yuanshan Road) together with
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 domestic sewage after reaching the treatment standard and finally into the Bailonggang system. During the reporting period, the wastewater treatment station operated normally and the discharge reached the standard. Exhaust gas treatment: organic exhaust gas (VOCs) from spraying and painting is treated by zeolite rotating wheel+RTO combustion process and then discharged at high altitude; low-concentration organic exhaust gas (VOCs) is treated by activated carbon adsorption and desorption+ catalytic combustion process and discharged at high altitude after reaching the standard; Online monitoring system (FID) is installed at the discharge port of organic exhaust gas (VOCs) to monitor the emission value in real time; For particulate matter, welding fumes, etc., filter core filtration technology is adopted to remove dust, and the dust is discharged at high altitude after reaching the standard; Facilities that need to be heated in the production process shall be natural gas burners. Through the ternary internal circulation process, natural gas is efficiently combusted, energy consumption is reduced, and pollutant emission is reduced.
2. Guangxi Sunlong Automobile Manufacturing Co., Ltd
In the first half of 2019, the company's environmental protection equipment and facilities operated continuously, reliably and stably, regular pollutant monitoring was carried out, and the requirements of the national environmental protection emission standard were implemented strictly, to ensure that all kinds of pollutants reach the standard for emission.
1) Construction of pollution prevention and control facilities
Exhaust gas emission and treatment: The coating exhaust gas uses water-filled+ activated carbon adsorption device to control volatile organic compounds, toluene, xylene and other atmospheric pollutants. The purified exhaust gas is discharged through a 15m high exhaust cylinder. The company has 6water-filled+activated carbon adsorption devices; Catalytic combustion device is used to control volatile organic compounds, toluene, xylene and other air pollutants in the coating and drying waste gas. The purified waste gas is discharged through a 15m high exhaust cylinder. The company has 3 sets of catalytic combustion device; The putty polishing chamber, glass fiber reinforced plastic polishing chamber and midway polishing chamber adopt the process of installing bag filter at the bottom exhaust channel and the top of the air supply to control atmospheric pollutants such as particulate matters. The collected waste particulate matters after bag filter are respectively discharged through a 15m high exhaust cylinder. The company has a total of 8 bag dust removal devices. The waste gas from paint makeup is controlled by activated carbon adsorption devices to control volatile organic compounds, particulate matters and other atmospheric pollutants. The company has 8 sets of activated carbon adsorption devices, and the purified waste gas is discharged through a 15m high exhaust cylinder. Environmental protection equipment and facilities continued to operate steadily, and all kinds of pollution factors met the discharge standards.
Wastewater discharge and treatment: the company's wastewater mainly consists of domestic wastewater, rain test wastewater and coating circulating wastewater, among which the rain test wastewater is discharged every six months and the coating circulating wastewater is discharged every quarter, the domestic wastewater is treated by septic tank and mixed with the production wastewater, then enters the plant sewage treatment station for treatment and then is discharged to Wuxiang sewage treatment through municipal sewage pipe network for further treatment. The plant sewage treatment station mainly adopts the process of oil isolation+UASBanaerobic+biological contact oxidation. About 3,000 tons of wastewater are treated in the first half of 2019, and the waste water pollution factors monitored reach the standard.
Noise treatment: reasonable layout of high-noise equipment and noise control measures such as sound insulation, sound absorption and vibration reduction. Noise monitoring at plant boundary is qualified.
Solid waste treatment: the solid wastes generated by the company mainly include general solid wastes such as paper skins and cartons, and hazardous wastes such as paint residues and waste organic solvents, among which, paint residues and other hazardous wastes are entrusted to CECEP (Guangxi) CleanTech Development Co., Ltd., which has a hazardous waste management license, for disposal.
In the first half of 2019, a total of 20 tons of hazardous waste such as paint residue and resin-containing waste are transferred for disposal, with a harmless disposal rate of100%.
3. Chengdu Tunghsu Intelligent Technology Co., Ltd
1) Wastewater: All kinds of wastewater can meet the requirements of Grade III standard of Integrated Wastewater Discharge Standard (GB8978-1996) after being treated by corresponding measures. Wastewater is discharged into the sewage pipe network of the park from the main discharge port, and enters Qingshui River after being treated by Chengdu Cooperative Sewage Treatment Plant, and an obvious signboard is set at the main discharge port. 2) Exhaust gas: Solder smoke is collected through the exhaust system provided by welding equipment above each area, and finally collected by a 20-meter-high exhaust cylinder and directly discharged, after which, it can meet the Grade II standard of Integrated Emission Standard of Air Pollutants (GB16297-1996).
3) Noise: Reasonable arrangement of sound sources; Low noise equipment is adopted in the selection; Most of the noise equipment is installed in a closed plant building; Evolutionary exhaust system.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Environmental impact assessment of construction projects and other administrative permission for environmental protection
4. Tunghsu (Yingkou) Optoelectronic Display Co., Ltd.
1) The output of grinding wastewater in this project is 160m3/d, mainly containing SS and wastewater. The wastewater is collected through pipelines, enters the grinding wastewater equalization tank of the wastewater treatment station, and is pumped into the grinding wastewater treatment system for treatment. The wastewater is discharged into the sedimentation tank for coagulation sedimentation after being precipitated by stepped precipitation tank, and finally discharged into the integrated treatment system for further treatment, and then discharged into the sewage treatment plant of the industrial base for further treatment through the municipal pipe network of the industrial base. This project adopts coagulation and sedimentation process to treat grinding wastewater. The design capacity of the grinding wastewater treatment system is 400 m3/d, and the production capacity of grinding wastewater in this project is 176m3/d. It is fully capable of treating grinding wastewater generated in this project.
2) The cleaning wastewater enters the regulating tank, adjusts its PH value for neutralization treatment, and then is pumped into the sedimentation tank, and is discharged into the total sewage outlet of the plant area after sedimentation treatment. The treatment capacity of the cleaning wastewater treatment system in this project is 700 m3/d, and the production capacity of the cleaning wastewater in this project is 210 m3/d, which is fully capable of treating the cleaning wastewater produced in this project.
3) The discharge amount of domestic wastewater in this project is 20 m3/d, including washing, flushing and canteen drainage. The main pollutants COD, SS, ammonia nitrogen, etc. are designed in the domestic wastewater treatment system. Oil separationtank+septic tank is adopted for treatment, which has good removal effect on large suspended solids, animal and plant oil, etc. Septic tank is a common simple biochemical treatment measure for wastewater. It has good and stable treatment effect on domestic sewage.
4) Three-layer anti-seepage measures are adopted for the production workshop, chemical warehouse and ground of this project, i.e. the bottom layer shall be paved with not less than 30 cm thick concrete for compaction, whose top shall be paved with 100mm thick concrete, and then hardened with 200mm thick high-strength concrete to ensure the permeability coefficient is less than 1x10-7cm/s, and the water treatment structure shall be constructed with anti-seepage concrete; Each link of drainage is transported by cement or ceramic anti-seepage pipelines. Except for Green land, the ground of the plant area is all coated with cement plastering anti-seepage hardening. After the anti-seepage and anti-corrosion measures mentioned above are adopted, the pollution effects of chemical warehouse and production workshop on groundwater can be effectively prevented.
5.Fuzhou Tunghsu Optoelectronic Co., Ltd.
1. Fuzhou Tunghsu optoelectronic operates normally during the whole year and produces main pollution of waste water. In 2017, it built the rain and sewage diversion system and waste water treatment station with designed treatment capacity of 1000t/d, which adopts PH adjustment+ secondary concrete sedimentation treatment process. All production waste water will be collected after treatment and meeting standards and discharged into Rongyuan sewage treatment plant together with pre-treated sanitary sewage by septic tank for uniform treatment. The waste water treatment station operates normally during the report period and discharges per standards.
6. Jiangsu Jixing New Material Co., Ltd
The existing wastewater treatment facilities of Jiangsu Jixing New Material Co., Ltd are operating normally, with an approved wastewater treatment capacity of 52,030 t/a; The expanded sewage treatment station facility was put into operation in April with an approved wastewater treatment capacity of 147,037 t/a.
7.Sichuan Xuhong Optoelectronic Technology Co., Ltd.
1)SCR denitration system (1 set)
The company uses natural gas as the fuel for glass production, and the air pollutants produced are mainly particulates, sulfur dioxide and nitrogen oxides. In 2015, the company spent a lot of money to establish an SCR denitration system. Untreated furnace flue gas enters the electrostatic precipitator of the denitration system through the flue. The dedusted flue gas enters the SCR reactor with ammonia water as reductant and V2O5/TiO2 as catalyst. Nitrogen oxides in the flue gas are reduced to N2 and then enter the 60-meter-high chimney through the outlet flue for emission. In order to ensure that the pollutants discharged by the company reach the standard, the denitration system operates continuously throughout the year. The denitration system of the company is equipped with two flue gas induced draft fans (one for use and one for standby), which adopt double-loop power supply. The operation personnel of denitration treatment facilities are subject to 4 shifts and 3 rotations to ensure that the operation personnel are on duty 24 hours a day. The operation management shall be carried out strictly in accordance with the operation procedures, operation instructions and inspection tour operation instructions, and the operation parameters shall be monitored in real time to ensure the normal operation rate of denitration system to the greatest extent.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 2) Dust removal equipment (13 filter cartridge dust collectors and 1 bag filter)
The company produces a small amount of particulate matter in the process of glass feeding and batching. At the beginning of the factory in 2011, the company installed filter cartridge dust collectors in all silos, broken glass feeding systems and kiln head feeding ports of the batching workshop to collect the particulate matter generated in the feeding and batching process. In order to ensure that the discharged particles reach the standard, in February 2015, the company collected the exhaust cylinders of all silos into a main pipe, and installed a bag filter to carry out secondary dust removal on the treated residual particles. The dust removal equipment of the company is operated intermittently. During the gap period, the post personnel clean the filter cartridge and filter bag of the dust removal equipment and carry out regular maintenance to ensure the normal operation of the dust removal equipment in the operation process.
8. Taizhou Enwang New Energy Technology Co., Ltd.
There are anti-leakage grooves for the process of producing waste acid and the storage position to prevent waste acid overflow. Changzhou Longshun Environmental Protection Service Co., Ltd is responsible for its waste acid disposal.
9. Wuhu Tunghsu Optoelectronic Technology Co., Ltd
The company has a flue gas treatment system, an industrial wastewater treatment station and a septic tank.In order to ensure the normal operation of pollution prevention facilities, the company has formulated relevant management systems, explicitly requiring the facility usage and operation departments to regularly maintain and service the facilities. At present, the company's pollution prevention and control facilities are operating normally and stably, and the discharge of various pollutants meets the discharge standards.
10. Wuhu Tunghsu Optoelectronic Equipment Technology Co., Ltd
Air pollution prevention and control measures: through strengthening the ventilation and exhaust in the workshop, 1. Air pollution prevention and control measures: through strengthening the ventilation and exhaust in the workshop, at the same time, through the barrier of the workshop, it basically falls inside the workshop; 2. Measures for prevention and control of wastewater pollution: Before domestic wastewater is discharged into the pipeline of Wuhu Tunghsu Optoelectronic Technology Co., Ltd.. and Wuhu Tunghsu Optoelectronic Technology Co., Ltd. takes over Chengdong Sewage Treatment Plant, and it meets the discharge standard after being treated by buried sewage treatment facilities; 3. Noise pollution prevention and control measures: low-noise and high-performance equipment shall be selected, and measures such as foundation construction, wall barrier and greening barrier shall be taken for these noise sources; 4. Prevention and control measures for solid waste pollution: general solid waste is comprehensively utilized, waste cutting liquid is entrusted to a qualified unit (Maanshan Guandong Lubricating Oil Co., Ltd.) for recycling, and domestic waste is handed over to the sanitation department for treatment.
11. Zhengzhou Xufei Optoelectronic Technology Co., ltd
1) Invest 1.094 million yuan to implement ultra-low nitrogen renovation on 3 gas boilers (2 10t/h boilers and 1 6t/h boiler), with nitrogen oxide emission concentration lower than 30mg/m3, which has passed the verification of Zhengzhou Ecological Environment Bureau.
2) An investment of 790,000 yuan has been invested to install an on-line monitoring system for furnace flue gas to realize the grid connection with Zhengzhou Ecological Environment Bureau.
3) Environmental protection facilities operate continuously and stably throughout the year. There is no unplanned shutdown. All pollutants are discharged stably up to standard. No environmental violations occur.
4）105,500 yuan is invested to install an unorganized emission monitoring system, so as to realize grid-connected operation with Zhengzhou Ecological Environment Bureau.
5）500 yuan is invested to change the transmission of waste water online monitoring data from by telephone card to by environmental protection dedicated line.
6）17,000 yuan is invested to review and assess the emergency plan for environmental emergencies.
7）57,000 yuan is invested to carry out cleaning production.
12. Chongqing Jinghuateng Optoelectronic Technology Co., Ltd
Water pollution: the existing2# biochemical pool of Yingtian• Liangjiang industrial valley standard plant building project is used to treat and discharge the municipal sewage pipe network in the park. The domestic sewage in the plant area is connected to the municipal sewage treatment pipe network, and the domestic sewage is discharged up to the standard.
Solid waste: after centralized collection of domestic waste, it shall be uniformly treated by the district sanitation department. It is strictly prohibited to dump and stack waste at will. Domestic waste shall be cleared every day. Solid wastes shall be treated in strict accordance with relevant regulations without causing secondary pollution. Environmental impact assessment of construction projects and other administrative permission for environmental protection
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 1. Shanghai Sunlong Bus Co. Ltd
Shanghai Sunlong Bus Co., Ltd. strictly implements the environmental impact assessment system and Three Simultaneities system, and the construction project is legal and compliant. The project was approved for completion and acceptance by Shanghai Minhang District Environmental Protection Bureau (MHBGXY[2009] No. 041) in January 2009.
2. Guangxi Sunlong Automobile Manufacturing Co., Ltd
Nanning Yuanzheng All-aluminum New Energy Automobile Production Base Project was approved by Guangxi Environmental Protection Bureau on October 22, 2015 with the approval document number of GHS[2015] No.175. The project completed the environmental protection completion acceptance on March 27, 2018 with the completion acceptance document number of GHS[2018] No.45.
3.Chengdu Tunghsu Intelligent Technology Co., Ltd.
Documents such as enterprise investment project filing notice (PF Project No.2011-119), request for instructions on environmental standards (PH No.2011-88), approval of environmental standards (CHJF No.2011-204), review opinions on environmental impact report (CHJP 2009-406), etc.
4. Tunghsu (Yingkou) Optoelectronic Display Co., Ltd.
The environmental impact report was approved in February 2012, and the processing environmental protection acceptance was completed in March 2018. It is qualified upon acceptance.
5. Fuzhou Tunghsu Optoelectronic Technology Co., Ltd
The company strictly implements the environmental impact assessment system and "Three Simultaneities" system, and the construction project is legal and compliant. The project was approved by Fuqing Environmental Protection Bureau in September 2016.
6. Jiangsu Jixing New Material Co., Ltd
Jiangsu Jixing New Material Co., Ltd has obtained the approval of Yangzhong Municipal Environmental Protection Bureau for the new project of producing 2.6 million large-size Micro-LED sapphire intelligent production lines annually, with the approval document number of YHS[2018] No. 64.
7. Sichuan Xuhong Optoelectronic Technology Co.,Ltd
The company's "PDP Glass Substrate Project" and "10 million m2 of High-strength and Ultra-thin Display Cover Glass Project" compiled environment impact report form and obtained EIA approval. The two projects passed EIA acceptance in 2015 and 2017 respectively. Our company obtained the new sewage permit in 2017 and 2012. In 2019, it strictly carried out sewage discharge and various environmental management according to the requirements of the new sewage permit.
8.Taizhou Enwang New Energy Technology Co., Ltd. The company has environmental assessment permission from Taizhou Environmental Protection Department, and the reply is: THSP[2017] No. 20067.
9. Wuhu Tunghsu Optoelectronic Technology Co., Ltd
The company's environmental impact assessment and other environmental protection administrative licenses are shown in the following table:
|||
|-|-|
|Time|Environmental impact assessment and other environmental protection administrative permits|
|November2011|Anhui Environmental Science Research Institute has compiled and completed the Environmental Impact Report ofWuhu Tunghsu optoelectronic Technology Co., Ltd. Display Glass Substrate Production Line Project.|
|December2011|Anhui Provincial Environmental Protection Department approved the project with EIA Letter [2011] No. 1283 Replyon Environmental Impact Report of Wuhu Tunghsu Optoelectronic Technology Co., Ltd. Display Glass SubstrateProduction Line Project.|
|March 2012|Anhui Environmental Science Research Institute has compiled the Environmental Impact Report of Changes to FlatPanel Display Glass Substrate Production Line Project of Wuhu Tunghsu optoelectronic Technology Co., Ltd.|
|March 2012|Anhui Environmental Protection Department approved the change of EIA for the project with EIA Letter [2012] No298 Letter on the Review Opinions of Environmental Impact Report of Wuhu Tunghsu Optoelectronic TechnologyCo., Ltd Flat Panel Display Glass Substrate Production Line Project.|
|April 2014|The Anhui Environmental Protection Department approved the Letter of Anhui Environmental Protection Departmenton approving the phased trial production of Wuhu Tunghsu Optoelectronic Technology Co., Ltd Flat Panel DisplayGlass Substrate Production Line Project (WHH [2014] No. 472) and approved the phased trial production of theproject.|
|June 2015|Through the 1-4 line G6 liquid crystal (TFT-LCD) glass substrate production line completed environmentalprotection stage acceptance.|
|October 2017|Through the 5-8 line G6 liquid crystal (TFT-LCD) glass substrate production line completed environmentalprotection stage acceptance.|
|December2018|Through the 9-10 line G6 liquid crystal (TFT-LCD) glass substrate production line completed environmentalprotection stage acceptance.|

10. Wuhu Tunghsu optoelectronic Equipment Technology Co., Ltd
1) Before the construction of the project, a third party unit shall be entrusted to prepare the environmental impact
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 assessment report and file it through Wuhu Environmental Protection Bureau (document No.: HH[2013] No.156). 2) Accepted by Wuhu Environmental Protection Bureau (document No: HY[2016] No.190).
11. Zhengzhou Xufei Optoelectronic Technology co., ltd
EIA for Phase I of the project: on August 16, 2009, the Henan Environmental Protection Department passed the Reply of Henan Environmental Protection Department on the Environmental Impact Report of TFT-LCD Glass Substrate Production Line of Zhengzhou Xufei Photoelectric Technology Co., Ltd (YHS[2009] No. 295), and on February 24, 2011, the Henan Environmental Protection Department passed the Opinions on Environmental Protection Acceptance for the completion of TFT-LCD Glass Substrate Production Line Project of Zhengzhou Xufei Optoelectronic Technology Co., Ltd (YHPY[2011] No. 12).
EIA for Phase II of the roject: On November 2, 2010, Henan Environmental Protection Department approved the Reply of Henan Provincial Environmental Protection Department on the Environmental Impact Report of Zhengzhou Xufei Photoelectric Technology Co., Ltd. on the Project of Annual Output of 2.2 Million sq.m. Liquid Crystal Glass Substrate Production Line (YHS[2010] No. 251), and on February 28, 2014, Henan Environmental Protection Department approved the Reply of Zhengzhou Xufei Optoelectronic Technology Co., Ltd. on the Application for Completion of Environmental Protection Acceptance of the Project of Annual Output of 2.2 Million sq.m. Liquid Crystal Glass Substrate Production Line (YHS[2014] No. 77).
12..Chongqing Jinghuateng Optoelectronic Technology Co., Ltd.
ChongqingJinghuateng：Yu（Liangjiang）HZ{2017}No.240
Emergency response plan of emergency environmental event
1. Shanghai Sunlong Bus Co. Ltd
Shanghai Sunlong Bus Co., Ltd.'s Plan for Environmental Emergencies of Shanghai Sunlong Bus Co., Ltd. has been filed for environmental protection (Filing No.: 3102212018043), and regular training and drills of the plan have been organized to effectively improve the enterprises' emergency response and disposal capabilities to environmental pollution emergencies.
2. Guangxi Sunlong Automobile Manufacturing Co., Ltd
On November 2, 2017, the company entrusted Guangxi Gaobiao Monitoring Co., Ltd. to prepare a plan for environmental emergencies. The report was prepared on January 21, 2018 and passed the expert group review. On May 22, 2018, Yongning District Environmental Protection Bureau completed the filing of the plan for environmental emergencies of Guangxi Sunlong Automobile Manufacturing Co., Ltd. with the filing number of 450109-2018-0002-m.
3. Chengdu Tunghsu Intelligent Technology Co., Ltd
Chengdu Tunghsu Intelligent Technology Co., Ltd. adheres to the principle of "clean production, emission up to standard and total amount control", formulates feasible pollution prevention and control measures, establishes and improves the environmental system, formulates environmental management formulation, defines the main responsibilities of the management organization, analyzes the environmental risks, and collects public participation opinions, which can fully meet the requirements of national and local environmental protection laws and standards.
4. Tunghsu (Yingkou)Optoelectronic Display Co., Ltd.
The company has a sound environmental emergency plan, which mainly includes: environmental pollution incidents caused by leakage of hazardous waste storage devices, leakage of natural gas and diesel oil, fire and explosion accidents in the plant area; Noise, ingredient dust, outflow of hazardous chemicals, environmental pollution events caused by radiation source leakage and other environmental pollution events caused by force majeure.
5. Fuzhou Tunghsu Optoelectronic Technology Co., Ltd
The company commissioned a qualified third party to prepare the Plan for Environmental Emergencies of Fuzhou Tunghsu optoelectronic Technology Co., Ltd. and regularly organize and carry out training and drills of the plan to effectively improve the enterprises' emergency response capability and disposal capability to environmental pollution emergencies.
6. Jiangsu Jixing New Material Co., Ltd
Jiangsu Jixing New Material Co., Ltd entrusted a third party to prepare and file the Comprehensive Plan for Environmental Emergencies in 2017. The number of the emergency plan is JSJX-YA-2017001 and the version number of the emergency plan is 2017 (1).
7. Sichuan Xuhong Optoelectronic Technology Co., Ltd.
There are natural gas, hydrogen, liquefied petroleum gas, diesel and other risk substances in the company, so in December 2015, the company organized and formulated the Plan for Environmental Emergencies and submitted it
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 to Mianyang Environmental Protection Bureau for filing. In 2019, our company will apply to Mianyang Environmental Protection Bureau to carry out "revision, review and filing of the plan for environmental emergencies" according to relevant management requirements.
8. Wuhu Tunghsu Optoelectronic Technology Co., Ltd
According to the relevant requirements of the Emergency Response Law of the People's Republic of China, Wuhu Tunghsu Optoelectronic Technology Co., Ltd. has compiled the Plan for Environmental Emergencies of Wuhu Tunghsu Optoelectronic Technology Co., Ltd. in accordance with the Risk Classification Method for Environmental Emergencies of Enterprises and in combination with the actual situation of Wuhu Tunghsu Optelectronic Technology Co., Ltd., which describes the emergency rescue principles, emergency rescue procedures and emergency rescue measures for environmental emergencies of the company, and is a programmatic document and operational guideline for guiding the emergency management of environmental emergencies of the company. The plan was reported to Wuhu Environmental Protection Bureau for filing in November 2015 (for the record: 340207-2015-016-L). After three years, it was reported to Wuhu Environmental Protection Bureau for filing again in September 2018 as required (for the record: 340207-2018-044-L).
9. Zhengzhou Xufei Optoelectronic Technology co., ltd
The Company's emergency plan for environmental emergencies, which passes the expert group review, and the emergency plans for hazardous waste accidents, environmental abnormalities in wastewater discharge, radiation sources and exhaust emissions are reviewed.
10.Chongqing Xufuda Optoelectronic Technology Co., Ltd.
The corresponding Emergency Plan Management System has been formulated, and all personnel have been trained, and emergency plan team members have been publicized.
11.Chongqing Jinghuateng Optoelectronic Technology Co., Ltd.
The corresponding Emergency Plan Management System has been formulated, and all personnel have been trained, and emergency plan team members have been publicized.
Environmental self-monitoring plan
1. Shanghai Sunlong Bus Co. Ltd
Shanghai Sunlong Bus Co., Ltd. strictly abides by national and local laws, regulations and relevant provisions, and entrusts ICAS Testing Technology Services (Shanghai) Co., Ltd. to carry out quarterly testing of wastewater, exhaust gas and noise as required. It regularly logs on the environmental protection census platform and the environmental statistics business system to upload data and information such as testing results.
2. Guangxi Sunlong Automobile Manufacturing Co., Ltd
The preparation of the environmental self-monitoring plan is completed on April 30, 2019 and is filed with Nanning Municipal Bureau of Ecological Environment. Meanwhile, relevant monitoring data is filled in on a monthly basis on the national pollution source monitoring and management sharing platform as required.
3. Chengdu Tunghsu Intelligent Technology Co., Ltd
Since the company does not have an independent sewage treatment station, the management committee provides unified assistance for treatment, and since there is no independent monitoring equipment and facilities for waste gas and noise, manual instruments are usually used for monitoring. Since the company does not have the expertise to monitor exhaust gas and noise, the qualification testing company (Sichuan Jiuhe Evaluation Company) is invited to conduct annual workplace hazard factor testing, and issue a written testing report, which shall be filed with the system and management committee.
4. Tunghsu (Yingkou) Optoelectronic Display Co., Ltd.
1) The management of solid wastes and hazardous wastes is strengthened, relevant management systems are formulated and ledgers are established, the whereabouts of wastes are strictly controlled, and wastes are disposed according to national standards.
2) The wastewater station is equipped with wastewater online monitoring and dosing equipment to monitor the pH value of wastewater in real time; In the morning and evening, the pH value of wastewater from the total sewage outlet is monitored manually to ensure that the wastewater discharge reaches the standard.
5. Fuzhou Tunghsu Optoelectronic Technology Co., Ltd
The company strictly abides by national and local laws, regulations and relevant provisions, and entrusts Fujian Tuopu Detection Technology Co., Ltd. to carry out monthly detection of the company's wastewater, quarterly detection of the company's noise, and timely log on to its own monitoring website every month to upload data and information such as detection results.
6. Jiangsu Jixing New Material Co., Ltd
Hardware facilities: In addition to the PH real-time monitoring equipment installed in the sewage treatment station of Jiangsu Jixing New Material Co., Ltd, 2 sets of PH real-time monitoring equipment, 1 set of COD on-line
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 monitoring equipment, 1 set of PLC system that stops discharging when exceeding the standard, and 1 set of real-time data transmission system for sewage treatment are also installed on the sewage discharge pipeline. Software facilities: Jiangsu Jixing New Material Co., Ltd entrusts a third party to regularly monitor the treatment of wastewater and exhaust gas, and entrusts a real-time monitoring equipment maintenance unit to regularly maintain and check environmental protection equipment.
7. Sichuan Xuhong Optoelectronic Technical Co.,Ltd
According to the national environmental protection management requirements, the company has prepared a self-monitoring plan for the environment. The company has installed a flue gas on-line analyzer to carry out on-line monitoring of the major pollutants nitrogen oxides, sulfur dioxide and particulate matter in furnace flue gas and upload the monitoring data to the national environmental protection platform in real time. For the smoke blackness, hydrogen chloride, fluoride and ingredient particles that cannot be monitored online, a third party organization is entrusted to carry out manual monitoring every quarter. For the particulate matter and ammonia emitted by the factory without organization, a third party organization is entrusted to carry out manual monitoring every six months. All monitoring data are uploaded to the monitoring iInformation disclosure platform of national key monitoring enterprise pollution source.
8. Wuhu Tunghsu Optoelectronic Technology Co., Ltd
The company has 1 set of waste water on-line monitoring system and 1 set of flue gas on-line monitoring system for plant 101 and 202 respectively. The monitoring data are uploaded to the municipal environmental monitoring platform in real time. In addition, the company entrusts a qualified third-party environmental monitoring agency to carry out quarterly and annual monitoring of the company's plant environment every year and requires the monitoring agency to provide monitoring reports. Monitoring items include: monitoring of domestic sewage, production wastewater, unorganized waste gas, organized waste gas and noise. The company judges whether relevant environmental indicators meet relevant environmental protection requirements according to monitoring results. So far, the company's emissions of various pollutants have not exceeded the standard.
9. Wuhu Tunghsu Optoelectronic Equipment Technology Co., Ltd
As Wuhu Tunghsu Optoelectronic Equipment Technology Co., Ltd. and Wuhu Tunghsu Optoelectronic Technology Co., Ltd. are located in a park, and the rain and sewage pipelines in the park are managed by Wuhu Tunghsu Optoelectronic Technology Co., Ltd. with the environmental self-detection scheme adopted. The company will regularly carry out noise detection and wastewater detection, and Wuhu Tunghsu Optoelectronic Technology Co., Ltd. will supervise the company.
10. Zhengzhou Xufei Optoelectronic Technology co., ltd
The company has an on-line waste gas monitoring system, which tests waste gas manually once a month and is outsourced for test once a year; There is an online monitoring system for wastewater, which tests the wastewater manually once a day and is outsourced for test once a year.
11.Chongqing Jinghuateng Optoelectronic Technology Co., Ltd.
1) Strengthen the management of "Three Simultaneities" of the project to ensure the construction of
environmental protection facilities.
2) Regularly maintain and service mechanical equipment to prevent environmental pollution caused by equipment failure.
3) Strengthen the operation and management of various pollutant treatment facilities to ensure that pollutants meet the standards for discharge.
4) Carry out domestic sewage discharge inspection every year, and arrange a third party to carry out noise and workshop environment inspection.
Other environmental information to be disclosed
1. Shanghai Sunlong Bus Co. Ltd
The company's unit name, unified social credit code, legal representative, production address, main contents of production and operation, products and scale, dosage of raw and auxiliary materials and other basic information, the construction and operation of public pollution prevention facilities, the names of major pollutants and characteristic pollutants, their emission methods, number and distribution of emission ports, emission concentration, and environmental protection data pollution such as pollutant emission standards implemented are released on the environmental information disclosure platform of enterprises and institutions.
2.Guangxi Sunlong Automobile Manufacturing Co., Ltd
On May 16, 2019, the company completed the application for the pollution discharge permit and prepared quarterly and annual pollution discharge permit implementation report according to the requirements of the pollution discharge permit.
3. Chengdu Tunghsu Intelligent Technology Co., Ltd
In February 2019, Chengdu Tunghsu Intelligent Technology Co., Ltd has carried out a hazard factor test in the
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 workplace and issued a written test report. The test contents include noise, benzene, toluene, xylene, dust, tin and their compounds.
4. Fuzhou Tunghsu Optoelectronic Technology Co., Ltd
1) The environmental self-monitoring information disclosure website of Fuzhou Tunghsu Optoelectronicc Technology Co., Ltd.:
http://wryfb.fjemc.org.cn/page0.aspx?id=CLDICBRK-37EH-9PYO-8M63-F288U13S89W8
2) The environmental protection acceptance information public website of Fuzhou Tunghsu Optoelectronicc Technology Co., Ltd.:http://114.251.10.205/#/pub-message
5. Jiangsu Jixing New Material Co., Ltd
Website of EIA report form full publication for sapphire intelligent production line:http://www.212200.com. Pollution discharge permit of Jiangsu Jixing new materialCo.,Ltd.：3211822016000043A，Validity：From August 1, 2019 to July 31, 2020.
6. Sichuan Xuhong Optoelectronic Technology Co.,Ltd
The company publicized the acquisition of the company's environmental protection administrative licensing procedures, pollution discharge information, solid waste management, environmental risks and monitoring information on the environmental credit evaluation website.
7. Wuhu Tunghsu Optoelectronic Technology Co., Ltd.
1) The company's construction of EIA and acceptance are publicized in the EIA information platform of construction project(http://114.251.10.205/#/pub-message).
2) Use Wechat Public Account to publicize relevant environmental protection information of the company. 8. Zhengzhou Xufei Optoelectronic Technology Co., ltd
Environmental protection credit information management system for enterprises and institutions in Henan province, environmental information disclosure system in Henan province, Air pollution source information filling system and provincial pollution source self-monitoring system
Other information related to environmental protection
Hazardous Waste Pollutants from Shanghai Sunlong Bus Co., Ltd.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||||
|-|-|-|-|-|-|-|-|-|
|Name of the|Names of major and|Disposal|Storage|Production|Executive|Output|Disposal|Inventory|
|Company|characteristic pollutants|mode|place|distribution|Standards|in 2018|Rate|(ton)|
|or its||||||(tons)|(ton)||
|subsidiary|||||||||
|Shanghai|Waste residue|Entrust a|Dangerous|Painting|/|8.46|14.74|8.72|
|Sunlong|900-252-12|qualified|waste|workshop,|||||
|Bus Co.,|Waste thinner|third party|temporary|assembly shop,||2.55|3.25|2.04|
|Ltd|900-252-12|for disposal|storage|commissioning|||||
||Waste adhesive sealant|||workshop||6.34|9.36|1.83|
||900-014-13||||||||
||Waste empty barrel|||||10.09|11.27|0.71|
||900-041-49||||||||
||Waste rag 900-041-49|||||0|0|1.3|
||Used mineral oil|||||0|0|0.4|
||900-218-08||||||||
||Waste activated carbon|||||15.12|0|20.67|
||900-041-49||||||||
||Waste filter|||||0.27|0|2.52|
||900-041-49||||||||

2.Overview of the annual targeted poverty alleviation
(1) Precision poverty alleviation planning
（2）Half-year poverty relieving summary
1. On January 24, 2019, Shanghai Sunlong Bus Co., Ltd., a wholly-owned subsidiary of the company, donated a bus worth 303,000 yuan to Shanghai Private Wenqi Middle School in order to help the future development of education and in response to the "Promoting Education by All Industries" campaign launched by the Overseas Chinese Affairs Office of Minhang District, Shanghai. To provide transportation for teachers and students of Wenqi Middle School to participate in social practice activities and to facilitate travel, to offer love and practical assistance for educational development with practical actions.
2. On February 21, 2019, the company's controlling subsidiary Huzhou Mingshuo Technology actively responded to the charity donation and assistance activities of the Nanxun District Committee of Huzhou City on the "Three Years for Low-income People to Be Well-off", donating a special fund of 50,000 yuan to help needy people so that all the people in the district can share the fruits of reform and development.
3. In the first half of 2019, the company's controlling subsidiaries Hunan Tunghsu Weigao Medical Device Technology Co., Ltd. and Suzhou Tengda Optical Technology Co., Ltd. responded positively to the call of the state and actively participated in charitable fund-raising activities such as "poverty eradication for a better future", donating 10,000 yuan and 5,000 yuan respectively to help the poor.
XVI.Other material events
□Applicable√ Not applicable
No such cases in the reporting period.
XVII. Material events of subsidiaries
□ Applicable√ Not applicable
VI. Change of share capital and shareholding of Principal Shareholders
I.Changes in share capital
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 1. Changes in share capital
In shares
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||Before the change||Increase/decrease（+，-）|||||After the Change||
||Amount|Proporti|||Capitalizat|||||
|||on|Share|Bonus|ion of||Subtot||Proportio|
||||allotmen|shares|common|Other|al|Quantity|n|
||||t||reserve|||||
||||||fund|||||
|1.Shares with conditional||||||||||
||616,094,803|10.75%||||||616,094,803|10.75%|
|subscription||||||||||
|3.Other domestic shares|616,094,803|10.75%||||||616,094,803|10.75%|
|Incl：Domestic legal||||||||||
||614,834,053|10.73%||||||614,834,053|10.73%|
|person shares||||||||||
|Domestic Natural Person||||||||||
||1,260,750|0.02%||||||1,260,750|0.02%|
|shares||||||||||
|II.Shares with||||||||||
||5,114,155,315|89.25%||||||5,114,155,315|89.25%|
|unconditional subscription||||||||||
|1.Common shares in RMB|4,864,155,314|84.89%||||||4,864,155,314|84.89%|
|2.Foreign shares in||||||||||
||250,000,001|4.36%||||||250,000,001|4.36%|
|domestic market||||||||||
|III. Total of capital shares|5,730,250,118|100.00%||||||5,730,250,118|100.00%|

 Reasons for share changed
□Applicable√Not applicable
Approval of Change of Shares
□Applicable√Not applicable
Ownership transfer of share changes
□Applicable√Not applicable
Progress on any share repurchase:
□ Applicable√ Not applicable
Progress on reducing the repurchased shares by means of centralized bidding:
□ Applicable√ Not applicable
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to common shareholders of Company in latest year and period
□ Applicable√ Not applicable
Other information necessary to disclose for the company or need to disclosed under requirement from security regulators
□ Applicable√Not applicable
2. Change of shares with limited sales condition
□ Applicable√ Not applicable
II. Issuing and listing
□ Applicable√ Not applicable
III. Shareholders and shareholding
In Shares
|||||
|-|-|-|-|
|Total number of common|371,574(includ ing 354,540|Total number of preferred|0|
|shareholders at the end of the|shareholdders hoding A shares and|shareholders that had restored the||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|reporting period||17,034 shareholders holding B||||voting right at the end of the|||||
|||shares)||||r eporting period (if any) (note 8)|||||
|Particulars about shares held above 5% by shareholders or top ten shareholders|||||||||||
||||||Changes||||Number of share||
||||Proportion|Number of|||Amount of|Amount of|||
|Shareholders|Nature of||||in||||pledged/frozen||
||||of shares|shares held at|||restricted|un-restricted|||
||shareholder||held（%）|period -end|reporting||shares held|shares held|State of|Amount|
||||||period||||share||
|Tunghsu Group|Domestic Non-State-owned legalperson||15.97%|915,064,091|||352,006,791|563,057,300|||
||||||||||Pledge|775,563,042|
|ShijiazhuangBaoshiElectronicGroup Co., Ltd.|Domestic Non-State-owned legalperson||5.80%|332,382,171||||332,382,171|||
|ShanghaiHuimaoEnterpriseManagementCo., Ltd.|Domestic Non-State-owned legalperson||4.58%|262,626,262|||262,626,262|0|||
||||||||||Pledge|80,240,722|
|MinshengRoyal FundManagementCo., Ltd－-PingAn Bank-DayeTrust·Zengli 2single FundTrust|Other||1.63%|93,363,625|-3,828,599|||93,363,625|||
|TunghsuOptoelectronicTechnologyCo., Ltd.－Thefirst ESOP|Other||1.27%|72,639,296||||72,639,296|||
|Beixin RuifengFund－ChinaMerchants Bank－Daye Trust－DayeTrust·Profitincrease 3single fund plan|Other||1.08%|62,095,032||||62,095,032|||
|ShenzhenTaianerInformationTechnologyCo., Ltd.|Domestic Non-State-owned legalperson||1.07%|61,165,682||||61,165,682|||
||||||||||Pledge|55,265,682|
|Zhonghai TrustCo., Ltd. －Zhonghai Trust－ TunghsuOptoelectronicESOP pooledFund trust|Other||0.92%|52,555,280||||52,555,280|||
|KunshanDevelopmentZoneState-ownedInvestmentHolding Co.,Ltd.|State-owned legalperson||0.73%|41,838,269|-2,150,000|||41,838,269|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||
|-|-|-|-|-|-|-|
|Yang Haihui|Domestic naturalperson|0.55%|31,767,200|31,767,200|||
|||Among the top 10 shareholders, Kunshan Development Zone State-owned Investment|||||
|||Holding Co., Ltd. and Tunghsu Optoelectronic Technology Co., Ltd.－The first ESOP|||||
|||became the top 10 shareholders of the company by participating in the subscription of the|||||
|||company's non-public share issuance in 2015-and the sale-restricted period for those shares|||||
|||held is 36 months, that is, from December 16,2015 to December 17, 2018. Among the top 10|||||
|||shareholders, Shenzhen Taianer Information Technology Co., Ltd. became the top 10|||||
|||shareholders of the company by participating in the subscription of the company's non-public|||||
|||share issuance in 2016-and the sale-restricted period for those shares held is 12 months, that|||||
|Strategy investors or general legal|||||||
|||is, from August 26,,2016 to August 25, 2017. Among the top 10 shareholders, Shanghai|||||
|person becomes top 10 shareholders||Huimao Enterprise Management Co., Ltd, Minsheng Jiayin Fund-Ping An Bank-Daye|||||
|due to rights issued (if applicable)||Trust-Daye Trust Zengli No.2 Single Fund Trust, and Beixin Ruifeng Fund-China Merchants|||||
|（See Notes 3）||Bank-Daye Trust-Daye Trust Zengli No.3 Single Fund Plan became the top 10 shareholders of|||||
|||the company by participating in the subscription of shares of the company's 2017 Non-public|||||
|||Share Issuance and Paying Cash to Purchase Assets and Raising Matching Funds and The|||||
|||Related Transaction, with that: the shares held by Shanghai Huihao Enterprise Management|||||
|||Co., Ltd has a sale-restricted period of 36 months, namely from November 30, 2017 -|||||
|||November 29, 2020; and the shares held by Minsheng Jiayin Fund-Ping An Bank-Daye|||||
|||Trust-Daye Trust Zengli No.2 Single Fund Trust and Beixin Ruifeng Fund-China Merchants|||||
|||Bank-Daye Trust-Daye Trust Zengli No.3 Single Fund Plan have a sale-restricted period of 12|||||
|||months, namely from December 29, 2017 to December 28, 2018.|||||
|||Among the top ten shareholders , Tunghsu Group , Baoshi Group and Yang Haihui have|||||
|Explanation on shareholders||relationship and constitute persons taking concerted action. The company does not know|||||
|participating in the margin trading||whether there is relationship between other 7 shareholders or whether they are persons taking|||||
|business||concerted action defined in Administrative Measures Relating to Acquisitions of Listed|||||
|||Companies.|||||
|Shareholding of top 10 shareholders of unrestricted shares|||||||
|||Quantity of unrestricted shares held at the end of the|||Share type||
|Name of the shareholder|||||||
|||reporting period|||Share type|Quantity|
|Tunghsu Group||563,057,300|||RMB Common||
|||||||563,057,300|
||||||shares||
|Shijiazhuang Baoshi ElectronicGroup Co., Ltd.||332,382,171|||RMB Common||
|||||||332,382,171|
||||||shares||
|Minsheng Royal Fund ManagementCo., Ltd－-Ping An Bank-DayeTrust·Zengli 2 single Fund Trust||93,363,625|||||
||||||RMB Common||
|||||||93,363,625|
||||||shares||
|Tunghsu Optoelectronic TechnologyCo., Ltd.－The first ESOP||72,639,296|||RMB Common||
|||||||72,639,296|
||||||shares||
|Beixin Ruifeng Fund－ChinaMerchants Bank－Daye Trust－Daye Trust·Profit increase 3 singlefund plan||62,095,032|||||
||||||RMB Common||
|||||||62,095,032|
||||||shares||
|Shenzhen Taianer InformationTechnology Co., Ltd.||61,165,682|||RMB Common||
|||||||61,165,682|
||||||shares||
|Zhonghai Trust Co., Ltd. －Zhonghai Trust － TunghsuOptoelectronic ESOP pooled Fundtrust||52,555,280|||||
||||||RMB Common||
|||||||52,555,280|
||||||shares||
|Kunshan Development ZoneState-owned Investment HoldingCo., Ltd.||41,838,269|||||
||||||RMB Common||
|||||||41,838,269|
||||||shares||
|Yang Haihui||31,767,200|||RMB Common||
|||||||31,767,200|
||||||shares||
|Hong Kong Securities Clearing Co.Ltd||30,984,310|||RMB Common||
|||||||30,984,310|
||||||shares||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||
|-|-|
|Explanation on associated||
|relationship or consistent action||
|among the top 10 shareholders of|Among the top 10 shareholders of unrestricted tradable shares and the top 10 shareholders of|
|non-restricted negotiable shares and|common shares, Tunghsu Group Co., Ltd. has a concerted action relationship with|
|that between the top 10 shareholders|Shijiazhuang Baoshi Electric Group Co., Ltd. and Yang Haihui.|
|of non-restricted negotiable shares||
|and top 10 shareholders||
|Notes to the shareholders involved||
|in financing securities (if any)(See|Not applicable|
|Notes 4)||

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.
IV. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable√ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.
Change of the actual controller in the reporting period
□ Applicable√ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 VII. Situation of the Preferred Shares
□Applicable√Not applicable
The Company had no preferred shares in the reporting period
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 VIII. Information about Directors, Supervisors and Senior Executives
I. Change in shares held by directors, supervisors and senior executives
□Applicable√Not applicable
There was no change in shareholding of directors, supervisors and senior management staffs, for the specific information please refer to the 2018 Annual Report.
II. Changes in directors, supervisors and senior management staffs
□Applicable√Not applicable
No changes happened to any of the directors, supervisors, or executives in the report period. For details please refer to the Annual Report 2018.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 IX. Corporate Bond
Whether the company has corporate bonds that have been publicly issued and listed on the stock exchange, and not yet due or due but not folly cashed on the approval date of annual report
Yes
1. Basic information of the corporate bonds
|||||||||
|-|-|-|-|-|-|-|-|
||||||||Method of|
||||||Bond||repayment of|
||Abbreviated|||||||
|Bond Name||Code|Issue Date|Date Due|Balance(RMB’|Interest Rate|the principal|
||Bond Name|||||||
||||||0000)||and interest|
||||||||payment|
||||||||Interest paid|
|2015-|||||||every year, the|
|corporate bond|||||||principal will|
|of Tunghsu|15 Tunghsu|112243|May 19,2015|May 19,2020|95,355.8|6.80%|be repaid with|
|Optoelectronic|bonds||||||the last unpaid|
|Technology|||||||interest in one|
|Co., Ltd|||||||time as the|
||||||||bond due|
|Listed place or Transaction||||||||
|||Shenzhen Stock Exchange||||||
|place for the corporate bonds||||||||
|Arrangement of investor’s||||||||
|||Investor’s put table right||||||
|eligibility||||||||
|Information about interest paid||||||||
|||The fourth period bond interest 65,010,903.60 was paid in full amount on schedule in the current||||||
|and bonds honored during the||||||||
|||period.||||||
|reporting period||||||||
|Implementation of relevant||||||||
|special clauses(if applicable)||||||||
|such as option clause for the||Not applicable||||||
|bond issuer or investors and||||||||
|exchangeable clause||||||||

II. Information about the bond trustee and credit rating agency
||||||||||
|-|-|-|-|-|-|-|-|-|
|Bond trustee:|||||||||
|||||19,20/F, Main|||||
|||||Tower ,|||||
|||||Guangzhou|||||
|||||International|||||
||Guangzhou||||||||
|Name|Securities Co.,|Business||Finance Center,|Contacts|Shi Jianhua,|Tel|020-88836999|
|||Address||No.5 Zhujiang||Yan Xiangjun|||
||Ltd.||||||||
|||||West Road,|||||
|||||Tianhe District|||||
|||||Guangzhou|||||
|||||City|||||
|The credit rating agency who follow up and rate the corporate bonds in the reporting period:|||||||||
||||||Business|Room 508 Ailiyuan Apartment, No.38 Water|||
|Name|United Rating Co.,Ltd||||||||
||||||Address|Park North Road, Nankai District, Tianjin City|||
|During the report period, the bond trustee,|||||||||
|credit rating agency employed by the|||||||||
|company that have changed, reasons for|||Not applicable||||||
|the change, performing procedures,|||||||||
|relevant influence on investors, etc ( if|||||||||
|applicable)|||||||||

III. Information about the use of the funds raised by issuing corporate bonds
|||
|-|-|
|The information of the use of the funds|Using the funds raised by issuing corporate bonds strictly conforming to the purpose|
|raised by issuing corporate bonds and|stipulated by Rules of Management and Use of the Raised Funds and the Prospectus,|
|related implementation procedure|and implemented the corresponding approval procedures|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||
|-|-|
|Ending balance of the year(RMB10,000)|0|
|Operation status of the special account for||
||Normal|
|the raised funds||
|Whether the use of the raised funds||
|conforming to the purpose, use plan and|The use of the raised funds conformed to the purpose promised in the Prospectus|
|other provisions specified in the||
|Prospectus||

IV. Information about the rating of the corporate bonds
On June 21, 2019, United Ratings Co., Ltd. issued trace rating report LHPZ[2019] No.1273 based on thecompany’s 2018. Annual Report.By tracking and rating the long-term credit status of the main body of the company and corporate bonds publicly issued by the company, the rating results is determined as the long-term credit ratingAA+，and its outlook is "Steady". The credit rating of "15 Tunghsu Bonds" issued by Tunghsu Optooelectric Technology Co., Ltd. isAA+. (For details, please refer to the "Tracking Rating Announcement" of the company disclosed on www.cninfo.com on June 25, 2019)
V. The corporatebond’s credit mechanism, repayment plan and other safeguard measures for repayment
Repayment Plan
I. Payment of the interest
1. The interest of the bonds shall be paid each year and the last payment of interest shall be paid with the principal. Every payment of interest shall not be charged on interest after the interest paying day and the principal shall not be charged on interest after thebond’s date due. The interest payment day of this corporate bond is May 19 of each year from 2016 to 2020(If it is not a working day, the payment day will be postponed to the first working day after the day).If the investors exercise the puttable right at the end of the third year in the duration of the bond, the interest payment day of the bonds sold back is May 19 of each year from 2016 to 2018.
2. The payment of the interest of the bonds shall be handled through the bond registration institution and other related institutions. The concrete information of the interest payment will be specified in the Interest Payment Announcement issued on the media designated by CSRC, with in accordance with the relevant state regulations. 3. According to relevant national tax laws and regulations, the investor of the corporate bond shall fully bear the relevant tax should be paid.
II. The repayment of the principal
1. The principal will be fully repaid in a time, and its repaying day is May 19, 2020. If the investors exercise the puttable right at the end of the third year in the duration of the bond, the repaying day of the principal of the bonds being sold back is May 19, 2018. (If the repaying day aforesaid is not a working day, the repaying day shall be postponed to the first working day after the original day, and there is no need to pay interest in the deferred period)
2. The repayment of the principal of the bonds will be handled through the bond registration institution and other related institutions. The concrete information of repayment of the principal of the bonds will be specified in the Principal Repayment Announcement issued on the media designated by CSRC, with in accordance with the relevant state regulations.
Safeguard measures for the repayment
I. A designated special department in charge of the repayment working
The company designated its finance department to take the lead in the coordination work for repayment of the bonds and the finance department shall coordinate other relevant departments to schedule the demanded funds for the repayment of the bonds in everyyear’s financial budget, for ensuring the repayment of the interest and principal of the bonds is timely, guaranteeing thebond-holder’s interest. The company will set up a working team for repayment 15days before the day that is the interest paying day or principal repaying day of the bonds, with the personnel of the finance department being included, to specially in charge of the work of paying the interest of the bonds and the repayment of the principal.
II. Establishing Meeting Rules for Bond-holders
According to the provisions specified in the Pilot Approach, the company with bond trustee has established the Meeting Rules for Bond-holders for the corporate bonds. The Meeting Rules for Bond-holders specified the scope, procedures and other important items for the bond-holders to exercise rights through the Meeting of the
Bond-holders, which provided a reasonable institutional arrangement for the timely and full payment to the
interest and the principal of the corporate bonds.
III. Making the full use of the bond trustee
According to the requirements specified in the Pilot Approach, the company has adopted the institution of bond
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 trustee, engaged Guangzhou Securities Co.,Ltd as the trustee of the bonds this time and signed the Agreement of Bond Entrusted Management with Guangzhou Securities. The Bond Trustee shall represent all the bond-holders to supervise the relevant information about the company and take all necessary measures to protect the legitimate interest of the bond-holders when the interest or principal of the bonds cannot be repaid in time. The company shall strictly conform to the provisions specified in the Agreement of Bond Entrusted Management, being cooperative when the bond trustee performance its duties, and regularly submit the report of commitment fulfillment status to the bond trustee. When there is a possible bond default, the company shall notice the bond trustee in time, thus the bond trustee can take other necessary measures in time according to the Bond Entrusted Management.
Ⅳ. Strictly fulfilling the obligation of information disclosure
The company shall adhere to the information disclosure principles of authentic, accurate and completed, making the information of thecompany’s repaying ability and use of the raised funds to be supervised by the bond trustee and shareholders, for preventing the risk of repayment. According to the Agreement of Bond Entrusted Management and relevant regulations, the company shall release the information of major issues, which include but not limited to the following contents: (1) According to the Prospectus and agreement with the registered trustee institution, the company shall transfer the maturity interest payment or principal to the account designated by the registered trustee institution; (2) By estimate or in fact, the company cannot fully repay the interest or principal of the bonds in time according to the provisions stipulated in the Prospectus; (3) Singing the guarantee contract for external or other major contracts may have significant adverse effects of repaying the interest and principal of the bonds; (4) A severe loss occurred or expected to occur, and the loss exceeds10% of the net asset audited in the last accounting year; (5) Occurrence of capital reduction, merger, division, dissolution, file for bankruptcy, entering into bankruptcy procedure or other main changes of the company; (6) Occurrence of the amount of subject in the major arbitration or lawsuit exceeding10% of the net asset audited in the last accounting year; (7) Planning to dispose the asset or debt with subject amount exceeding10% of the net asset audited in the last accounting year; (8) Planning to change the bond trustee; (9) Failing to perform or Planning to change the stipulations specified in the Prospectus; (10) Alteration of the designated person for specially in charge of the relevant matters of the corporate bonds; (11) Occurrence of suspending the bond transaction; (12) Others may significantly impact the repaying of the interest and principal or circumstances specified by laws, administrative regulations and stipulations by the CSRC or exchange.
Ⅴ. Setting up the capital management plan and strictly implementing the plan
After the issuance of the bonds, the company shall further reinforce thecompany’s assets and liabilities management, liquidity management, use management of the raised funds, funds management and so forth according to thecompany’s debt structure. Also, the company will set up monthly and yearly funds use plan based on the maturity of repaying the interest and principal, ensuring on-schedule, timely and full-amount preparing of the funds for repaying everyyear’s interest or principal of the bonds to adequately protect theinvestor’s interest. VI. Commitments
According to the resolutions of the issuance of the bonds approved on the board meeting on Oct 21, 2014 and the general meeting of shareholders on Nov 6, 2014, when the company cannot repay the interest or principal of the bonds in time or fully repay the interest or principal of the bonds, the company shall take the following resolutions and make corresponding measures: (1) None profit distribution to shareholders; (2) Postponing capital expenditure items, such as major investment, merger and acquisition; (3) Reducing or stopping the salaries and bonuses of the directors and senior management personnel; (4) No transferring of principal responsible personnel and so on.
VI. Information about the bond-holder meeting during the reporting period
There was no bond-holder meeting convened in the reporting period.
VII. Information about the obligations fulfilled by the bond trustee in the reporting period
The bond trustee has been continuously following up thecompany’s credit status, 2018 Entrusted Management Report of 2015 Corporate Bonds of Tunghsu Optoelectronic on May 22, 2019.
VIII. The key accounting data and financial indicators of the latest two years to the end of the reporting period Ten Thousands yuan
|||||
|-|-|-|-|
||As at the end of the reporting|||
|Items||As at the end of last year|YoY+/-（%）he same period|
||period|||
|Current ratio|168.15%|167.08%|1.07%|
|Debt ratio|52.41%|53.95%|-1.54%|
|Quick ratio|126.72%|131.58%|-4.86%|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
||Reporting period|The same period of last year|At the same time rate of change|
|EBITDA interest coverage ratio|3.51|3.44|2.03%|
|Loans repayment rate|100.00%|100.00%|0.00%|
|Interest payment rate|100.00%|100.00%|0.00%|

 The material reasons for the changed ratio of the accounting data or financial indicators exceeds30% over the last year
□ Applicable√ Not applicable
IX. The company fails to repay the debt
□ Applicable√ Not applicable
No such cases in the reporting period.
X. Information about the repayment of interest and principal for other bonds or debt financing instruments 1. Bonds issuing, interest payment and cashing within the report period
The company 8th Board of Directors approved the application to National Association of Financial Market Institutional Investors (NAFMII) for registration and issuance of less than 4.7 billion medium term note on September 8, 2016. The extraordinary generalshareholders’ meeting was convoked on September 26, 2016 and approved the program concerning the proposed registration and issuance of the medium term note. The medium term note in 2016 was 4.7 billion in two periods including the first period with two types of(3+2 years) and 5 years totaling up to 3 billion and the second period with two types of(3+2 years) and 5 years totaling up to 1.7 billion, which would both adopt the interest payment per year, principal repayment upon expiration and the interest payment together with the principal cashing for the last period. The interest payment period has not expires within the report period .
2. Unmatured bonds issuing, interest payment and cashing in previous years
As approved by China Securities Regulatory Commission file ofZJXK[2015] No. 635, the company issued toward the public 1 billion bones on May 19, 2015. and the fourth period bond interest 65,010,903.6 was paid in full amount on schedule in the reporting period.
XI.Information about the bank credit obtaining and use, as well as repayment of the bank loans during the reporting period
The balance of the total amount of the short-term and long-term loans is RMB12,395,625,800.00, increased RMB1,292,929,548.67 compared with the end of year 2018, which mainly because of the need of the production and operation and the construction of projects. The company strictly conformed to requests of bank loans to use the funds and fully repaid the interest and principal to the bank in time.
XII. Information about fulfillment of the stipulations or commitments specified in the Prospectus of the issuance of the bonds during the reporting period
During the reporting period, there is no use of corporate bonds to raise funds, and the company has strictly fulfilled its commitment that the bond raised funds will not be directly or indirectly invested in the real estate development business, and will not be used to increase the capital of subsidiaries engaged in the real estate business or lend money to them.
XIII.Major events occurred during the reporting period
Nil
XIV. Whether the corporate bonds have a guarantor
□ Yes√No
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 X. Financial Report
I. Audit report
Has this semi-annual report been audited?
□ Yes√ No
The semi-annual financial report has not been audited.
II. Financial statements
Currency unit for the statements in the notes to these financial statements:RMB
1.Consolidated Balance sheet
Prepared by: Tunghsu Optoelectronic Technology Co., Ltd.
June 30,2019
In RMB
||||
|-|-|-|
|Items|June 30,2019|December 31,2018|
|Current asset：|||
|Cash and bank balances|19,608,160,332.91|19,807,094,397.16|
|Settlement provision|||
|Outgoing call loan|||
|Transactional financial assets|3,000,000.00||
|Financial assets measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial assets|||
|Notes receivable|61,194,310.70|499,781,503.17|
|Account receivable|11,948,970,007.58|14,352,781,895.39|
|Financing of receivables|||
|Prepayments|5,058,031,101.05|5,215,414,219.51|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts|||
|receivable|||
|Other account receivable|1,180,820,462.92|1,125,991,020.55|
|Including：Interest receivable|97,484,985.07|56,811,961.67|
|Dividend receivable|||
|Repurchasing of financial assets|||
|Inventories|4,754,313,963.62|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|792,954,051.81|809,360,778.49|
|Total of current assets|43,526,799,666.17|45,440,565,916.70|
|Non-current assets：|||
|Loans and payment on other’s behalf|||
|disbursed|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Debt investment|||
|Available for sale of financial assets||243,158,605.30|
|Other investment on bonds|||
|Expired investment in possess|||
|Long-term receivable|580,792,364.92|344,430,815.68|
|Long term share equity investment|2,191,785,865.01|2,174,347,969.22|
|Other equity instruments investment|||
|Other non-current financial assets|548,158,605.30||
|Property investment|711,680,374.74|686,993,881.02|
|Fixed assets|9,043,235,757.53|9,634,463,323.77|
|Construction in progress|5,511,187,961.75|5,013,941,980.61|
|Production physical assets|||
|Oil & gas assets|||
|Use right assets|||
|Intangible assets|1,114,095,291.45|1,146,949,745.14|
|Development expenses|50,589,620.23|37,122,235.94|
|Goodwill|2,702,403,019.28|2,835,672,586.90|
|Long-germ expenses to be amortized|24,320,539.97|21,884,204.82|
|Deferred income tax asset|572,545,713.26|533,094,627.68|
|Other non-current asset|4,800,933,217.60|4,463,496,966.82|
|Total of non-current assets|27,851,728,331.04|27,135,556,942.90|
|Total of assets|71,378,527,997.21|72,576,122,859.60|
|Current liabilities|||
|Short-term loans|9,194,934,400.00|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|1,545,392,945.94|1,643,167,026.68|
|Account payable|6,458,794,541.00|8,632,927,106.20|
|Advance receipts|1,834,097,832.98|1,402,283,662.37|
|Selling of repurchased financial assets|||
|Deposit taking and interbank|||
|deposit|||
|Entrusted trading of securities|||
|Entrusted selling of securities|||
|Employees’ wage payable|154,026,466.39|238,146,977.17|
|Tax payable|611,921,439.66|817,173,127.12|
|Other account payable|2,492,921,065.31|2,089,603,676.60|
|Including：Interest payable|202,034,241.49|117,554,951.58|
|Dividend payable|401,117,508.26||
|Fees and commissions payable|||
|Reinsurance fee payable|||
|Contract Liabilities|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Liabilities held for sales|||
|Non-current liability due within 1|||
||3,290,141,668.70|3,697,392,864.91|
|year|||
|Other current liability|303,821,093.64|315,193,128.73|
|Total of current liability|25,886,051,453.62|27,196,994,221.11|
|Non-current liabilities：|||
|Reserve fund for insurance|||
|contracts|||
|Long-term loan|3,200,691,400.00|2,741,589,600.00|
|Bond payable|5,282,105,325.64|5,630,818,825.32|
|Including：preferred stock|||
|Sustainable debt|||
|Lease liability|||
|Long-term payable|1,703,412,663.14|2,644,309,592.95|
|Long-term remuneration payable to|||
|staff|||
|Expected liabilities|92,169,224.93|99,765,750.04|
|Deferred income|683,720,240.53|676,146,399.31|
|Deferred income tax liability|50,271,341.82|55,192,983.97|
|Other non-current liabilities|508,000,000.00|108,000,000.00|
|Total non-current liabilities|11,520,370,196.06|11,955,823,151.59|
|Total of liability|37,406,421,649.68|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|21,816,238,799.56|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|12,877,156.81|12,614,331.35|
|Surplus reserves|245,507,019.95|245,507,019.95|
|Common risk provision|||
|Retained profit|5,194,036,219.58|4,750,977,557.86|
|Total of owner’s equity belong to the|||
||32,994,457,818.10|32,521,130,925.14|
|parent company|||
|Minority shareholders’ equity|977,648,529.43|902,174,561.76|
|Total of owners’ equity|33,972,106,347.53|33,423,305,486.90|
|Total of liabilities and owners’ equity|71,378,527,997.21|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 the Parent Company
In RMB
||||
|-|-|-|
|Items|June 30,2019|December 31, 2018|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Current asset：|||
|Cash and bank balances|6,365,489,664.34|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|159,080,478.35|176,563,926.23|
|Financing of receivables|||
|Prepayments|102,252,178.91|2,008,364.11|
|Other account receivable|8,980,213,046.51|6,281,675,319.27|
|Including：Interest receivable|27,122,805.61|7,521,489.86|
|Dividend receivable|500,000,000.00|500,000,000.00|
|Inventories|181,088,528.76|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|15,788,272,870.25|16,462,508,818.17|
|Non-current assets：|||
|Debt investment|||
|Available for sale of financial assets||129,500,056.00|
|Other investment on bonds|||
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|28,666,925,896.68|26,504,735,200.89|
|Other equity instruments investment|||
|Other non-current financial assets|429,500,056.00||
|Property investment|||
|Fixed assets|153,180,310.07|160,867,244.63|
|Construction in progress|||
|Production physical assets|||
|Oil & gas assets|||
|Use right assets|||
|Intangible assets|9,165,533.60|9,339,387.26|
|Development expenses|||
|Goodwill|||
|Long-germ expenses to be amortized|||
|Deferred income tax asset|143,264,158.31|119,964,967.85|
|Other non-current asset|||
|Total of non-current assets|29,402,035,954.66|26,924,406,856.63|
|Total of assets|45,190,308,824.91|43,386,915,674.80|
|Current liabilities|||
|Short-term loans|5,269,000,000.00|4,278,000,000.00|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Transactional financial liabilities|||
|Financial liabilities measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial liabilities|||
|Notes payable|||
|Account payable|7,284,844.84|11,500,796.58|
|Advance receipts|1,580,498.78|1,991,498.78|
|Contract Liabilities|||
|Employees’ wage payable|4,481,839.86|4,484,401.86|
|Tax payable|10,425,916.65|17,959,833.09|
|Other account payable|5,411,174,537.35|3,656,725,253.66|
|Including：Interest payable|170,142,763.88|97,197,464.99|
|Dividend payable|401,117,508.26||
|Liabilities held for sales|||
|Non-current liability due within 1|||
||1,568,557,987.37|1,533,383,333.28|
|year|||
|Other current liability|||
|Total of current liability|12,272,505,624.85|9,504,045,117.25|
|Non-current liabilities：|||
|Long-term loan|496,000,000.00||
|Bond payable|4,682,105,325.64|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|5,178,105,325.64|5,630,818,825.32|
|Total of liability|17,450,610,950.49|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|-45,101,626.70|467,252,231.11|
|Total of owners’ equity|27,739,697,874.42|28,252,051,732.23|
|Total of liabilities and owners’ equity|45,190,308,824.91|43,386,915,674.80|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 3.Consolidated Income Statement
In RMB
||||
|-|-|-|
|Item|Semi-annual of 2019|Semi-annual of 2018|
|I. Income from the key business|8,475,089,222.93|11,129,851,790.88|
|Incl：Business income|8,475,089,222.93|11,129,851,790.88|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|7,645,968,690.88|10,087,183,529.27|
|Incl：Business cost|6,571,893,216.94|9,021,989,897.09|
|Interest expense|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Insurance policy dividend paid|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|46,727,113.64|186,096,120.70|
|Sales expense|155,812,716.54|93,892,692.42|
|Administrative expense|282,118,024.57|204,871,395.72|
|R & D expense|221,327,523.23|185,106,307.04|
|Financial expenses|368,090,095.96|395,227,116.30|
|Including：Interest expense|588,567,514.28|595,740,917.45|
|Interest income|228,977,031.09|198,162,232.24|
|Add：Other income|222,651,739.17|108,362,056.52|
|Investment gain（“-”for loss）|22,050,338.04|23,706,518.19|
|Including: investment gains from|||
||17,437,895.79|11,836,624.48|
|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|-9,667,362.72||
|Impairment loss of assets|-1,753,608.15|-1,058,589.31|
|Assets disposal income||-664,826.45|
|III. Operational profit（“-”for loss）|1,062,401,638.39|1,173,013,420.56|
|Add ：Non-operational income|7,919,928.18|5,945,896.93|
|Less: Non-operating expense|2,315,427.97|2,767,812.01|
|IV. Total profit(“-”for loss)|1,068,006,138.60|1,176,191,505.48|
|Less：Income tax expenses|186,908,717.85|282,130,776.24|
|V. Net profit|881,097,420.75|894,060,729.24|
|(I) Classification by business|||
|continuity|||
|1.Net continuing operating profit|881,097,420.75|894,060,729.24|
|2.Termination of operating net profit|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|(II) Classification by ownership|||
|1.Net profit attributable to the owners of|||
||844,176,169.98|858,296,089.08|
|parent company|||
|2.Minority shareholders’ equity|36,921,250.77|35,764,640.16|
|VI. Net after-tax of other comprehensive|||
|||14,095.23|
|income|||
|Net of profit of other comprehensive inco||7,752.38|
|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）|||
|||7,752.38|
|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||7,752.38|
|ial statements|||
|9.Other|||
|Net of profit of other comprehensive inco|||
|me attributable to Minority shareholders’||6,342.85|
|equity|||
|VII. Total comprehensive income|881,097,420.75|894,074,824.47|
|Total comprehensive income attributable|844,176,169.98|858,303,841.46|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|to the owner of the parent company|||
|Total comprehensive income|||
||36,921,250.77|35,770,983.01|
|attributable minority shareholders|||
|VIII. Earnings per share|||
|（I）Basic earnings per share|0.15|0.15|
|(II)Diluted earnings per share|0.15|0.15|

 The current business combination under common control, the net profits of the combined party before achieved ne t profit of RMB0.00, last period the combined party realized RMB0.00.
Legal representative：Wang Lipeng
Person-in-charge of the accountingwork：Feng Qiuju
Person-in -charge of the accountingorgan：Wang Cang
4. Income statement of the Parent Company
In RMB
||||
|-|-|-|
|Items|Semi-annual of 2019|Semi-annual of 2018|
|I. Income from the key business|118,328,629.33|55,315,982.40|
|Incl：Business cost|104,268,766.04|38,492,540.23|
|Business tax and surcharge|3,986,637.43|2,172,697.75|
|Sales expense|||
|Administrative expense|16,722,075.57|24,293,737.94|
|R & D expense|1,697,882.99||
|Financial expenses|144,058,883.12|251,600,276.69|
|Including：Interest expenses|342,536,623.00|353,696,339.28|
|Interest income|199,514,566.78|102,176,773.07|
|Add：Other income|50,000.00||
|Investment gain（“-”for loss）|17,437,895.79|5,131,289.44|
|Including: investment gains from|||
|||11,835,887.67|
|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|7,901,312.69|
|Assets disposal income|||
|II. Operational profit（“-”for loss）|-134,913,899.81|-264,013,293.46|
|Add ：Non-operational income|378,359.80|671.41|
|Less：Non -operational expenses||0.15|
|III. Total profit(“-”for loss)|-134,535,540.01|-264,012,622.20|
|Less：Income tax expenses|-23,299,190.46|-1,269,693.27|
|IV. Net profit|-111,236,349.55|-262,742,928.93|
|1.Net continuing operating profit|-111,236,349.55|-262,742,928.93|
|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 Semi-annual 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|-111,236,349.55|-262,742,928.93|
|VII. Earnings per share|||
|（I）Basic earnings per share|||
|(II)Diluted earnings per share|||

5. Consolidated Cash flow statement
In RMB
||||
|-|-|-|
|Items|Semi-annual of 2019|Semi-annual of 2018|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or|||
||12,538,427,324.24|9,938,756,230.71|
|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|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|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|159,124,487.52|89,994,925.74|
|Other cash received from business|||
||568,920,464.24|730,551,299.36|
|operation|||
|Sub-total of cash inflow|13,266,472,276.00|10,759,302,455.81|
|Cash paid for purchasing of|||
||10,469,678,168.19|8,162,424,567.65|
|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 in financial assets held|||
|for trading purposes|||
|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|547,688,074.54|608,921,172.96|
|Taxes paid|647,487,169.76|568,158,273.01|
|Other cash paid for business activities|1,007,270,795.35|1,336,181,154.53|
|Sub-total of cash outflow from business|||
||12,672,124,207.84|10,675,685,168.15|
|activities|||
|Net cash generated from /used in|||
||594,348,068.16|83,617,287.66|
|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|139,400.00|1,339,040.00|
|long-term assets|||
|Net cash received from disposal of|||
|||393,727,652.59|
|subsidiaries or other operational units|||
|Other investment-related cash received|1,340,340,013.92|200,000,000.00|
|Sub-total of cash inflow due to|||
||1,340,479,413.92|1,860,020,144.66|
|investment activities|||
|Cash paid for construction of fixed|||
|assets, intangible assets and other|597,463,088.90|2,686,335,621.99|
|long-term assets|||
|Cash paid as investment|300,000,000.00|408,243,324.50|
|Net increase of loan against pledge|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Net cash received from subsidiaries and|||
|||107,762,094.14|
|other operational units|||
|Other cash paid for investment|||
||543,862,480.99|318,237,076.99|
|activities|||
|Sub-total of cash outflow due to|||
||1,441,325,569.89|3,520,578,117.62|
|investment activities|||
|Net cash flow generated by investment|-100,846,155.97|-1,660,557,972.96|
|III.Cash flow generated by financing|||
|Cash received as investment|125,000,000.00|4,169,500.00|
|Including: Cash received as investment|||
||125,000,000.00|4,169,500.00|
|from minor shareholders|||
|Cash received as loans|4,372,774,810.00|3,146,840,211.91|
|Cash received from bond placing|||
|Other financing –related cash received|1,873,790,909.69|565,785,278.10|
|Sub-total of cash inflow from financing|||
||6,371,565,719.69|3,716,794,990.01|
|activities|||
|Cash to repay debts|5,130,065,194.65|4,528,169,601.04|
|Cash paid as dividend, profit, or|||
||680,941,043.24|640,756,867.95|
|interests|||
|Including: Dividend and profit paid by|||
|subsidiaries to minor shareholders|||
|Other cash paid for financing activities|581,386,717.14|640,002,625.89|
|Sub-total of cash outflow due to|||
||6,392,392,955.03|5,808,929,094.88|
|financing activities|||
|Net cash flow generated by financing|-20,827,235.34|-2,092,134,104.87|
|IV. Influence of exchange rate|||
||-2,292,073.51|-2,652,600.61|
|alternation on cash and cash equivalents|||
|V.Net increase of cash and cash|||
||470,382,603.34|-3,671,727,390.78|
|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|||
||15,387,019,894.38|21,442,933,365.47|
|equivalents at the end of term|||

6. Cash flow statement of the Parent Company
In RMB
||||
|-|-|-|
|Items|Semi-annual of 2019|Semi-annual of 2018|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or|||
||84,884,151.99|63,990,000.00|
|rending of services|||
|Tax returned||13,719.30|
|Other cash received from business|||
||1,224,517,860.73|330,847,011.69|
|operation|||
|Sub-total of cash inflow|1,309,402,012.72|394,850,730.99|
|Cash paid for purchasing of|||
||2,016,245.08|33,858,206.35|
|merchandise and services|||
|Cash paid to staffs or paid for staffs|8,802,854.34|16,144,890.38|
|Taxes paid|30,828,754.47|3,755,213.45|
|Other cash paid for business activities|920,560,919.47|217,407,719.04|
|Sub-total of cash outflow from business|||
||962,208,773.36|271,166,029.22|
|activities|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Net cash generated from /used in|||
||347,193,239.36|123,684,701.77|
|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|||
|subsidiaries or other operational units|||
|Other investment-related cash received|||
|Sub-total of cash inflow due to|||
|||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|2,141,300,000.00|2,617,565,500.00|
|Net cash received from subsidiaries and|||
|other operational units|||
|Other cash paid for investment|||
||19,435,140,168.74|12,759,192,480.99|
|activities|||
|Sub-total of cash outflow due to|||
||21,576,440,168.74|15,376,757,980.99|
|investment activities|||
|Net cash flow generated by investment|-21,576,440,168.74|-12,927,834,528.92|
|III. Cash flow generated by financing|||
|Cash received as investment|||
|Cash received as loans|1,741,000,000.00|580,000,000.00|
|Cash received from bond placing|||
|Other financing –related ash received|17,708,836,513.48|10,804,871,140.21|
|Sub-total of cash inflow from|||
||19,449,836,513.48|11,384,871,140.21|
|financing activities|||
|Cash to repay debts|1,322,383,333.28|2,276,373,966.68|
|Cash paid as dividend, profit, or|||
||264,269,240.71|348,534,414.26|
|interests|||
|Other cash paid for financing activities|750,000.00||
|Sub-total of cash outflow due to|||
||1,587,402,573.99|2,624,908,380.94|
|financing activities|||
|Net cash flow generated by financing|17,862,433,939.49|8,759,962,759.27|
|IV. Influence of exchange rate|||
|alternation on cash and cash equivalents|||
|V.Net increase of cash and cash|||
||-3,366,812,989.89|-4,044,187,067.88|
|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|||
||6,365,489,664.34|7,180,172,168.51|
|equivalents at the end of term|||

7. Consolidated Statement on Change inOwners’ Equity
Amount in this period
In RMB
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Semi-annual of 2019|||||||||||||||
||Owner’s equity Attributable to the Parent Company|||||||||||||||
|||Other Equity||||||||||Other|Subtotal|||
|||instrument|||||Other|||||||Minor|Total|
|Items|shareCapit|prefe Susta|||Capitalreserve|Less:Sharesin|Comprehensive|Specialized|Surplusreserve|Common riskprovisi|Retained|||shareholders’|ofowners’|
||a|rredstock|inable|Other|s|stock|Income|reserve|s|on|profit|||equity|equity|
||||debt|||||||||||||
||5,730|||||||||||||||
||||||21,786|||12,614|245,50||4,750,||32,521|902,17|33,423|
|I.Balance at the|,250,||||,233,3|4,422,|-29,17|,331.3|7,019.||977,55||,130,9|4,561.|,305,4|
|end of last year|118.0|||||320.00|5.80|||||||||
||||||93.78|||5|95||7.86||25.14|76|86.90|
||0|||||||||||||||
|Add: Change of||||||||||||||||
|accounting||||||||||||||||
|policy||||||||||||||||
|Correcting of||||||||||||||||
|previous errors||||||||||||||||
|Merger of||||||||||||||||
|entities under||||||||||||||||
|common control||||||||||||||||
|Other||||||||||||||||
||5,730|||||||||||||||
|II.Balance at the|||||21,786|||12,614|245,50||4,750,||32,521|902,17|33,423|
||,250,|||||4,422,|-29,17|||||||||
|beginning of|||||,233,3|||,331.3|7,019.||977,55||,130,9|4,561.|,305,4|
||118.0|||||320.00|5.80|||||||||
|current year|0||||93.78|||5|95||7.86||25.14|76|86.90|
||||||30,005||||||443,05||473,32|75,473|548,80|
|III.Changed in||||||||262,82||||||||
||||||,405.7||||||8,661.||6,892.|,967.6|0,860.|
|the current year||||||||5.46||||||||
||||||8||||||72||96|7|63|
|（1）Total|||||||||||844,17||844,17|36,921|881,09|
|comprehensive|||||||||||6,169.||6,169.|,250.7|7,420.|
|income|||||||||||98||98|7|75|
|（II）Investment||||||||||||||||
||||||30,005||||||||30,005|38,682|68,687|
|or decreasing of|||||,405.7||||||||,405.7|,277.0|,682.8|
|capital by||||||||||||||||
||||||8||||||||8|3|1|
|owners||||||||||||||||
|1．Ordinary Sh|||||30,005||||||||30,005|38,682|68,687|
|ares invested by|||||,405.7||||||||,405.7|,277.0|,682.8|
|shareholders|||||8||||||||8|3|1|
|2．Holders of o||||||||||||||||
|ther equity instr||||||||||||||||
|uments invested||||||||||||||||
|capital||||||||||||||||
|3．Amount of||||||||||||||||
|shares paid and||||||||||||||||
|accounted as||||||||||||||||
|owners’ equity||||||||||||||||
|4．Other||||||||||||||||
||||||||||||-401,1||-401,1||-401,1|
|（III）Profit||||||||||||||||
||||||||||||17,508||17,508||17,508|
|allotment||||||||||||||||
||||||||||||.26||.26||.26|
|1.Providing of||||||||||||||||
|surplus reserves||||||||||||||||
|2.Providing of||||||||||||||||
|common risk||||||||||||||||
|provisions||||||||||||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|3．Allotment to|||||||-401,1|-401,1||-401,1|
|the owners (or|||||||17,508|17,508||17,508|
|shareholders)|||||||.26|.26||.26|
|4．Other|||||||||||
|(IV) Internal|||||||||||
|transferring of|||||||||||
|owners’ equity|||||||||||
|1. Capitalizing|||||||||||
|of capital|||||||||||
|reserves (or to|||||||||||
|capital shares)|||||||||||
|2. Capitalizing|||||||||||
|of surplus|||||||||||
|reserves (or to|||||||||||
|capital shares)|||||||||||
|3．Making up|||||||||||
|losses by|||||||||||
|surplus|||||||||||
|reserves.|||||||||||
|4.Change|||||||||||
|amount of|||||||||||
|defined benefit|||||||||||
|plans that carry|||||||||||
|forward|||||||||||
|Retained|||||||||||
|earnings|||||||||||
|5．Other|||||||||||
|comprehensive|||||||||||
|income|||||||||||
|carry-over|||||||||||
|retained|||||||||||
|earnings|||||||||||
|6．Other|||||||||||
|(V). Special|||||262,82|||262,82|-129,5|133,26|
|reserves|||||5.46|||5.46|60.13|5.33|
|1. Provided this|||||2,075,|||2,075,||2,075,|
|year|||||391.67|||391.67||391.67|
|2．Used this|||||-1,812,|||-1,812,|-129,5|-1,942,|
|term|||||566.21|||566.21|60.13|126.34|
|（VI）Other|||||||||||
||5,730|||||||||33,972,106,347.53|
|IV. Balance at||21,816|||12,877|245,50|5,194,|32,994|977,64||
||,250,||4,422,|-29,17|||||||
|the end of this||,238,7|||,156.8|7,019.|036,21|,457,8|8,529.||
||118.0||320.00|5.80|||||||
|term||99.56|||1|95|9.58|18.10|43||
||0||||||||||

Amount in last year
In RMB
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Items|Semi-annual of 2018|||||||||||||||
||Owner’s equity Attributable to the Parent Company||||||||||||||Total ofowners’|
||share|Other Equityinstrument|||Capital|Less:Shares|OtherComprehensi|Specia|Surplus|Common risk|Retain|S|ubtot|||
|||||||||||||||Minorshareholders’||
||Capita|preferredstock|Sustainabledebt|Other|reserves|instock|verIncome|lizedreserve|eserves|provision|edprofit|Other|al|equity|equity|
|I.Balance at the|5,730,250,||||21,987|4,422,|-4,518.45|1,983,|224,133,824.||3,010,372,29|3|0,949|1,219,031,326.|32,168,|
|end of last year|||||,405,2|320.00||921.21|||||,718,5||749,868|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||118.0|20.42||||86|6.37|42.41|49|.90|
||0||||||||||
|Add: Change of|||||||||||
|accounting|||||||||||
|policy|||||||||||
|Correcting of|||||||||||
|previous errors|||||||||||
|Merger of|||||||||||
|entities under|||||||||||
|common|||||||||||
|control|||||||||||
|Other|||||||||||
||5,730||||||||||
|II.Balance at||21,987||||224,13|3,010,|30,949|1,219,0|32,168,|
|the beginning|,250,|,405,2|4,422,|-4,518.|1,983,|3,824.|372,29|,718,5|31,326.|749,868|
||118.0||320.00|45|921.21||||||
|of current year|0|20.42||||86|6.37|42.41|49|.90|
|||-193,6|||||457,17|263,51|-444,51|-181,00|
|III.Changed in||||7,752.|6,552.||||||
|||77,513|||||8,580.|5,371.|7,148.1|1,776.4|
|the current year||||38|46||||||
|||.88|||||81|77|7|0|
|（1）Total|||||||858,29|858,30|||
|||||7,752.|||||35,764,|894,068|
|comprehensive|||||||6,089.|3,841.|||
|||||38|||||640.16|,481.62|
|income|||||||08|46|||
|（II）|||||||||||
|Investment or|||||||||||
|||-270,3||||||-270,3|4,169,5|3,899,1|
|decreasing of|||||||||||
|||64.11||||||64.11|00.00|35.89|
|capital by|||||||||||
|owners|||||||||||
|1．Ordinary Sh|||||||||||
||||||||||4,169,5|4,169,5|
|ares invested b|||||||||||
||||||||||00.00|00.00|
|y shareholders|||||||||||
|2．Holders of|||||||||||
|other equity ins|||||||||||
|truments invest|||||||||||
|ed capital|||||||||||
|3．Amount of|||||||||||
|shares paid and|||||||||||
|accounted as|||||||||||
|owners’ equity|||||||||||
|||-270,3||||||-270,3||-270,36|
|4．Other|||||||||||
|||64.11||||||64.11||4.11|
||||||||-401,1|-401,1||-401,11|
|（III）Profit|||||||||||
||||||||17,508|17,508||7,508.2|
|allotment|||||||||||
||||||||.27|.27||7|
|1.Providing of|||||||||||
|surplus reserves|||||||||||
|2.Providing of|||||||||||
|common risk|||||||||||
|provisions|||||||||||
|3．Allotment to|||||||-401,1|-401,1||-401,11|
|the owners (or|||||||17,508|17,508||7,508.2|
|shareholders)|||||||.27|.27||7|
|4．Other|||||||||||
|(IV) Internal|||||||||||
|transferring of|||||||||||
|owners’ equity|||||||||||
|1. Capitalizing|||||||||||
|of capital|||||||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|reserves (or to|||||||||||
|capital shares)|||||||||||
|2. Capitalizing|||||||||||
|of surplus|||||||||||
|reserves (or to|||||||||||
|capital shares)|||||||||||
|3．Making up|||||||||||
|losses by|||||||||||
|surplus|||||||||||
|reserves.|||||||||||
|4.Change|||||||||||
|amount of|||||||||||
|defined benefit|||||||||||
|plans that carry|||||||||||
|forward|||||||||||
|Retained|||||||||||
|earnings|||||||||||
|5．Other|||||||||||
|comprehensive|||||||||||
|income|||||||||||
|carry-over|||||||||||
|retained|||||||||||
|earnings|||||||||||
|6．Other|||||||||||
|(V). Special|||||6,552.|||6,552.||6,552.4|
|reserves|||||46|||46||6|
|1. Provided this|||||6,552.|||6,552.||6,552.4|
|year|||||46|||46||6|
|2．Used this|||||||||||
|term|||||||||||
|||-193,4||||||-193,4|-484,45|-677,85|
|（VI）Other||07,149||||||07,149|1,288.3|8,438.1|
|||.77||||||.77|3|0|
||5,730||||||||||
|IV. Balance at||21,793||||224,13|3,467,|31,213||31,987,|
|the end of this|,250,|,727,7|4,422,|3,233.|1,990,|3,824.|550,87|,233,9|774,514|748,092|
||118.0||320.00|93|473.67||||,178.32||
|term|0|06.54||||86|7.18|14.18||.50|

8. Statement of change inowner’s Equity of the Parent Company
Amount in this period
In RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Semi-annual of 2019Other Equity instrumentOtherLess: Specializ Total ofcS ah pa itr ae l p sr te e of d ce krr Su as bt la ei n Other rC esa ep ri vta el s Sh sa tr oe cs k i n C Ie no n cm s oip mvr ee h rese ed rv e rS eu sr ep rvlu es s R d e pt ra oin fie t Other o ew qn ue itr ys ’edebt||||||||||||
|||Other Equity instrument|||||||||Other||
||||||||Other||||||
|Items|Sharecapital|preferredstock|Sustain||Capitalreserves|Less:Shares in|Comprehensive|Specialized|Surplusreserves|Retained profit||Total ofowners’|
||||abledebt|Other||stock|Income|reserve||||equity|
|I.Balance at the|5,730,250,118.00||||21,832,4|4,422,32|||226,517,795.62|467,25||28,252,05|
||||||53,907.5|||||2,231.1|||
|end of last year||||||0.00||||||1,732.23|
||||||0|||||1|||
|Add: Change of|||||||||||||
|accounting|||||||||||||
|policy|||||||||||||
|Correcting of|||||||||||||
|previous errors|||||||||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||
|-|-|-|-|-|-|-|
|Other|||||||
|II.Balance at the|||||||
||5,730,2|21,832,4|||467,25||
||||4,422,32|226,517,||28,252,05|
|beginning of|50,118.|53,907.5|||2,231.1||
||||0.00|795.62||1,732.23|
|current year|00|0|||1||
|III.Changed in|||||-512,35|-512,353,8|
||||||3,857.8||
|the current year||||||57.81|
||||||1||
|（I）Total|||||-111,23||
|||||||-111,236,3|
|comprehensive|||||6,349.5||
|||||||49.55|
|income|||||5||
|(II) Investment|||||||
|or decreasing of|||||||
|capital by|||||||
|owners|||||||
|1．Ordinary Sha|||||||
|res invested by s|||||||
|hareholders|||||||
|2．Holders of ot|||||||
|her equity instru|||||||
|ments invested c|||||||
|apital|||||||
|3.Amount of|||||||
|shares paid and|||||||
|accounted as|||||||
|owners’ equity|||||||
|4．Other|||||||
||||||-401,11||
|（III）Profit||||||-401,117,5|
||||||7,508.2||
|allotment||||||08.26|
||||||6||
|1.Providing of|||||||
|surplus reserves|||||||
|2．Allotment to|||||-401,11||
|||||||-401,117,5|
|the owners (or|||||7,508.2||
|||||||08.26|
|shareholders)|||||6||
|3．Other|||||||
|(IV) Internal|||||||
|transferring of|||||||
|owners’ equity|||||||
|1. Capitalizing|||||||
|of capital|||||||
|reserves (or to|||||||
|capital shares)|||||||
|2. Capitalizing|||||||
|of surplus|||||||
|reserves (or to|||||||
|capital shares)|||||||
|3．Making up|||||||
|losses by surplus|||||||
|reserves.|||||||
|4.Change|||||||
|amount of|||||||
|defined benefit|||||||
|plans that carry|||||||
|forward|||||||
|Retained|||||||
|earnings|||||||
|5．Other|||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||||
|-|-|-|-|-|-|-|-|
|comprehensive||||||||
|income||||||||
|carry-over||||||||
|retained earnings||||||||
|6．Other||||||||
|(V) Special||||||||
|reserves||||||||
|1. Provided this||||||||
|year||||||||
|2．Used this term||||||||
|（VI）Other||||||||
|IV. Balance at|5,730,|2|21,832,4||||27,739,697,874.42|
|||||4,422,32|226,517,|-45,101||
|the end of this|50,118|.|53,907.5|||||
|||||0.00|795.62|,626.70||
|term|0|0|0|||||

Amount in last year
In RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Semi-annual of 2018||||||||||||
|||Other Equity|||||||||||
|||instrument|||||Other||||||
|Items|ShareCapital|preferr|||Capitalreserves|Less:Shares|Comprehensive|Specialized|Surplusreserves|Retainedprofit|Other|Total ofowners’|
|||ed|Sustainable|Other||in stock|Income|reserve||||equity|
|||stock|debt||||||||||
|I.Balance at the|5,730,||||21,861,|4,422,32|||205,144|676,010,9||28,468,191,|
||250,11||||207,672||||||||
|end of last year||||||0.00|||,600.53|83.59||055.02|
||8.00||||.90||||||||
|Add: Change of|||||||||||||
|accounting|||||||||||||
|policy|||||||||||||
|Correcting of|||||||||||||
|previous errors|||||||||||||
|Other|||||||||||||
|II.Balance at|||||||||||||
||5,730,||||21,861,||||||||
|||||||4,422,32|||205,144|676,010,9||28,468,191,|
|the beginning|250,11||||207,672||||||||
|||||||0.00|||,600.53|83.59||055.02|
|of current year|8.00||||.90||||||||
|III.Changed in|||||-27,531,|||||-663,860,||-691,392,36|
|the current year|||||923.63|||||437.20||0.83|
|（I）Total|||||||||||||
|||||||||||-262,742,||-262,742,92|
|comprehensive|||||||||||||
|||||||||||928.93||8.93|
|income|||||||||||||
|(II) Investment|||||||||||||
|or decreasing of|||||-27,531,|||||||-27,531,923|
|capital by|||||923.63|||||||.63|
|owners|||||||||||||
|1．Ordinary Sh|||||||||||||
||||||-27,531,|||||||-27,531,923|
|ares invested by|||||||||||||
||||||923.63|||||||.63|
|shareholders|||||||||||||
|2．Holders of o|||||||||||||
|ther equity instr|||||||||||||
|uments invested|||||||||||||
|capital|||||||||||||
|3.Amount of|||||||||||||
|shares paid and|||||||||||||
|accounted as|||||||||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||
|-|-|-|-|-|-|-|
|owners’ equity|||||||
|4．Other|||||||
|（III）Profit|||||-401,117,|-401,117,50|
|allotment|||||508.27|8.27|
|1.Providing of|||||||
|surplus reserves|||||||
|2．Allotment to|||||||
||||||-401,117,|-401,117,50|
|the owners (or|||||||
||||||508.27|8.27|
|shareholders)|||||||
|3．Other|||||||
|(IV) Internal|||||||
|transferring of|||||||
|owners’ equity|||||||
|1. Capitalizing|||||||
|of capital|||||||
|reserves (or to|||||||
|capital shares)|||||||
|2. Capitalizing|||||||
|of surplus|||||||
|reserves (or to|||||||
|capital shares)|||||||
|3．Making up|||||||
|losses by|||||||
|surplus|||||||
|reserves.|||||||
|4.Change|||||||
|amount of|||||||
|defined benefit|||||||
|plans that carry|||||||
|forward|||||||
|Retained|||||||
|earnings|||||||
|5．Other|||||||
|comprehensive|||||||
|income|||||||
|carry-over|||||||
|retained|||||||
|earnings|||||||
|6．Other|||||||
|(V) Special|||||||
|reserves|||||||
|1. Provided this|||||||
|year|||||||
|2．Used this|||||||
|term|||||||
|（VI）Other|||||||
|IV. Balance at|5,730,|21,833,|||||
||||4,422,32|205,144|12,150,54|27,776,798,|
|the end of this|250,11|675,749|||||
||||0.00|,600.53|6.39|694.19|
|term|8.00|.27|||||

III. Brief introduction of the Company
Approved by Hebei Economic System Reform Commission with the Approval of Establishment of Tunghsu
Optoelectronic Technology Co.,Ltd.（Hereinafter referred to as “The Company” or “TunghsuOptoelectronic”）(Ji
Ti Gfai Wei Gu Zi(1992) No.5 Document) in 1992, Shijiazhuang Baoshi Electronic Glass Co., Ltd. is a joint stock
limited company jointly established by Shijiazhuang Kinescope General Factory (transformed into Shijiazhuang
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Baoshi Electronics Group Co., Ltd.later), China Electronic Import and export Corporation and Zonghua Hebei Import and Export Company. At the Time of establishment, the Company had 25.68 million shares (the par value of each share is RMB 10) and total share capital of RMB 256.80 million.
On July 17, 1993, the Company held a provisional shareholders' general meeting and decided to split the stock equity with par value of RMB 10 per share into stock equity with par value of RMB 1 per share. As a result, the total number of the Company's shares became 256.80 million and its total share capital became RMB 256.80 million. Approved by Securities Commission under State Council with the Approval of Issue of 100 Million Domestically Listed Foreign Investment Shares by Shijiazhuang Baoshi Electronic Glass Co., Ltd. (Zheng Wei Fa (1996) No. 15 Document) on June 11, 1996, the Company issued 100 million domestically listed foreign investment shares (B shares) (the par value of each share is RMB 1). Approved by China Securities Regulatory Commission with the Approval of the Application of Shijiazhuang Baoshi Electronic Glass Co., Ltd. to Publicly Issue Shares (Zheng Jian Fa Zi (1996) No. 174 Document) on August 30 of the same year, the Company publicly issued 26.20 million shares (the par value of each share is RMB 1). As of September 17, 1996, the total share capital of the Company increased to RMB 383 million.
According to the Approval of Private Issue of Shares by Shijiazhuang Baoshi Electronic Glass Co., Ltd. (Zhen Jian Xu Ke (2012) No. 1661 Document) issued by China Securities Regulatory Commission ("CSRC"), the Company privately issued 520 million RMB ordinary shares (A shares) to specific investors at the price of RMB 9.69 per share on April 3, 2013. All investors subscribed for shares in cash. After this private issue, the registered capital of the Company was changed to RMB 903.00 million.
The controlling shareholder of the company by the Shijiazhuang Baoshi Electronic Group Co., Ltd. changed to Tu nghsu Group , a direct stake of14.40%, Shijiazhuang Baoshi Electronic Glass Co., Ltd. held the indirectly12.27% of the share.
The 6th Provisional shareholder meeting in 2013 approved the name change of Shijiazhuang Baoshi Electronic G lass Co., Ltd. to Tunghsu Optoelectronic Technology Co., Ltd..
According to the resolution of annual shareholder meeting in 2013 and the provisions of amendments to articles of association approved on April 27, 2014, the company has transferred 20 shares for each 10 shares to all shareholders, and with total shares of 1806 million transferred on the basis of the general capital of 903 million on December 31, 2013. Thus, the registered capital of RMB1806 million applied to add by the company should be transferred into the share capital by the capital reserve with the reference date on May 27, 2014, and the registered capital is RMB2,709 million after changed.
As per the provisions of “Restricted Stock Incentive Plan of Tunghsu Optoelectronic Technology Co., Ltd. (Draft)” and its summary proposal approved after the second temporaryshareholders’ resolution in 2014, the company has implemented the stock option incentive to grant 41 people the restricted stocks of RMB3,080,000.00 with the price of RMB3.88 per share, which are all in cash subscription. Thus, the company shall increase the share capital of RMB3.08 million and the capital reserve of RMB 8,870,400.00, and the share capital is RMB2,712,080,000.00 after changed. Under the provisions of “Proposal on Repurchase of Part of Domestic Listed Foreign Shares (Share B)” approved after the second temporaryshareholders’ resolution in 2014, the company has repurchased 49,999,999.00 B shares released outside, and the repurchased shares shall be written off and the registered capital is reduced correspondingly. Thus, the company shall decrease the share capital of RMB49,999,999.00 and the capital reserve of RMB218,024,376.60, and the share capital is RMB2,662,080,001.00 after changed.
Referring to the resolutions determined on the
27th
Meeting of the
7th
Board of Directors of the company, the 31st Meeting of the
7th
Board of Directors, the
1st
General Meeting of Extraordinary Shareholders in 2015, the 38th Meeting of the
7th
Board of Directors and the Regulatory Approval No.[2015] 2270 by China Securities Regulatory Commission: Replies on Approval of Private Issuing of Stocks by Tunghsu Photoelectric Technology Co., Ltd., it is approved that the company issues new shares less than 1,186,943,620 privately. The planned number of privately issued stocks is less than (including) 1,186,943,620. The actual issuance number of the stock is 1,173,020,525, and the modified equity capital is 3,835,100,526.00 yuan.
According to Proposals on the Repurchase and Cancellation of Partial Restricted Shares deliberated and approved on the
43rd
Meeting of the
7th
Board of Directors of the company convened on October 29, 2015, the company plans to repurchase and cancel restricted shares. The granted but unlocked restricted shares held by left equity incentive objects sum to 100,000 at the repurchase price of 3.78 yuan/share. Other forms of lease besides financial leasing are considered as operating leasing, After the repurchase of shares was cancelled, the share capital was changed to RMB 3,835,000,526.00.
According to ZJXK[2016] No. 1322 document On the Approval of Non-public Stock to Tunghsu Optoelectronic
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Technology Co. Ltd permitted by China Securities Regulatory Commission and also was resolved in the 7th board of the forty-eight meeting and the first extraordinary shareholders' generalmeeting，it is approved that the company issues new shares less than 1,104,928,457.00 privately. The planned number of privately issued stocks is less than (including) 1,104,928,457.00. The actual issuance number of the stock is 1,104,928,457.00, and the modified equity capital is 4,939,928,983.00 yuan.
According to the company's eleventh meeting of the eighth Board of Directors held on March 20, 2017, the eighteenth meeting of the eighth Board of Directors held on June 9, 2017, the fourth temporaryshareholders’ general meeting of 2017 held on June 26, 2017 and the Approval on Tunghsu Optoelectronic Technology Co.,Ltd’s Share Issuance to Objects Including Shanghai Huimao Enterprise Management Co., Ltd for Asset Purchase and Raising Matching Funds by CSRC (Zhen Jian Xu Ke[2017] No. 1841 Doc), approved that the company shall issue 262,626,262 shares to Shanghai Huimao Enterprise Management Co., Ltd (hereinafter referred to as "Shanghai Huimao"), 106,326,446 shares to Tunghsu Group Co., Ltd (hereinafter referred to as "Tunghsu Group"), 11,380,165 shares to Mianyang Science and Technology City Development Investment (Group) Co., Ltd (hereinafter referred to as "Mianyang Science and Technology Group") and 5,020,661 shares to Sichuan Changhong Electric Appliance Co., Ltd (hereinafter referred to as "Sichuan Changhong") for purchasing the underlying assets; and approved that the Company shall raise no more than RMB 3,750,000,000 of matching funds by thecompany’s non-public share issuance. The Company actually issued 385,353,534.00 shares for purchasing the assets, The issue price per share is 9.90 yuan; and issued 404,967,601.00 shares for raising the matching funds, The issue price per share is 9.26 yuan;thus the capital stock after the change became RMB 5,730,250,118.00.
As of June 30, 2019, Registered capital : RMB 5,730,250,118.00, Legal representative: Wang Lipeng,
Enterprise unified social credit code: 911301001043959836, Registered Address: No.9, Huanghe Road, Shijiazhuang High-tech Industrial Development Area, Shijiazhuang, Hebei Province.
Tunghsu Optoelectronic Parent Company is the TunghsuGroup，Uitimate controller is Li Zhaoting.
Tung Financial statements and notes to the financial statements approved at the 3rd meeting of the 9th Board of Directors on August 30, 2019.
The company's business scope: investing in the project investments with its own funds; research and development of machinery equipment and electronic products; manufacturing and production-process development of various non-standard equipments and components; processing and sales of electronic products for grinding machine (excluding public safety equipment and devices); self operated and agent import and export business of various commodities and technologies; computer system integration, software development, technical consulting; installation of electrical and mechanical equipment (not including pre-licensing ones), engineering advice. (All of the above scope, excluded those prohibited or restricted by laws, regulations and State Council decisions; matters needing approval by other departments can be operated after the approval).
On June 30, 2019, 25 subsidiaries and 97 sub-subsidiaries were included in the consolidation scope by the company, see details at Note 9 “Rights and Interests in Other Subjects ”. The consolidation scope of the company increased by 7 companies year on year at this reportingperiod（Including：12 new Sub-subsidiaries companies were added, 2 were disposed of and 3 werecancelled）, see details at Note 8“Change of consolidation scope. IV.Basis for the preparation of financial statements
1. Basis for the preparation of financial statements
The financial statements of the company are prepared based on the going-concern assumption and the actual transactions anditems,，the Company prepared financial statements in accordance with the ASBE-Basic Standard and revised thereafter, Application Guidance of Accounting Standard for Business Enterprises, Interpretation of Accounting Standards for Business Enterprises and other regulations(hereinafter referred to as “the Accounting Standards for Business Enterprises”, “China Accounting Standards” or“CAS”)，Rules for Preparation Convention of Disclosure of Public Offering Companies No.15– General Regulations for Financial Reporting (revised in 2014) by China Securities Regulatory Commission.
In accordance with Accounting Standards for Business Enterprises, the Company has adopted the accrual basis of accounting. Except for certain financial instruments, the Company adopts the historical cost as the principle of
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 measurement in the financial statements. The valuation will be made according to the lower one between the amount of on-sales non-current assets after fair value deducts the predicted costs and the original Net carrying amount which conforms to the condition of being on-sales. When assets are impaired, provisions for asset impairment are made in accordance with relevant requirements.
2. Ongoing-operation
The company has the capacity to continually operate within 12 months at least since the end of report period, andhasn’t the major issues impacting on the sustainable operation ability.
|||
|-|-|
|V.|The company's major accounting policies, accounting estimates and prior errors|

Specific accounting policies and accounting estimates are indicated as follows:
Nil
1. Statement on compliance with accounting standards for business Enterprises
The Company state: the financial statements prepared are in line with the requirements in enterprise accounting st andards in line with of system, and have truly and completely reflected of the financial status in June
30,2019 , operational results, cash flow, and other relevant information of January–June 2019.
2.Accounting year:
TheGroup’s fiscal periods include fiscal years and fiscal periods shorter than a complete fiscal year..from January 1 to December 31 as one accounting year.
3. The operating cycle
The normal business cycle refers to the period starting from assets purchased for processing to cash or cash equivalents converted. The Company uses a 12-month operating cycle as liquidity classification criteria for its 4. Currency forbookkeeping：
The Company takes RMB as the standard currency for bookkeeping.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 5. Accounting treatments for a business combinations under common control and under non common control The term "business combination" refers to a transaction or event combining two or more separate enterprises into one reporting entity. Business combinations are classified into business combinations involving enterprises under common control and business combinations not involving enterprises under common control.
(1) A business combination involving enterprises under common control
A business combination involving enterprises under common control is a business combination in which all of the combining enterprises are ultimately controlled by the same party or parties both before and after the combination, and that control is not transitory. For the business combination involving enterprises under common control, the party obtaining the control right over other enterprises involved in the combination on the combination date is the combining party, while other enterprises involved in the combination is the combined party. The combination date is the date on which one combining enterprise obtains control of other combining enterprises.
Assets and liabilities obtained are measured at their respective carrying amounts as recorded by the combining entities at the date of the combination. The difference between the carrying amount of the net assets obtained and the carrying amount of the consideration paid for the combination[the aggregate face value of shares issued asconsideration] is adjusted to the share premium in capital reserve. If the share premium is not sufficient to absorb the difference, any excess is adjusted against retained earnings.
Costs that are directly attributable to the combination are charged to profit or loss in the period in which they are incurred.
（2）A business combination not involving enterprises under common control
A business combination not involving enterprises under common control is a business combination in which all of the combining enterprises are not ultimately controlled by the same party or parties before and after the combination. For the business combination not involving enterprises under common control, the party obtaining the control right over other enterprises involved in the combination on the combination date is the combining party, while other enterprises involved in the combination is the combined party. The combination date is the date on which one combining enterprise obtains control of other combining enterprises.
The cost of combination is the aggregate of the fair values, at the acquisition date, of the assets given, liabilities incurred or assumed, and equity securities issued by the acquirer in exchange for control of the acquiree, the intermediary expenses incurred by the acquirer in respect of auditing, legal services, valuation and consultancy services and other associated administrative expense attributable to the business combination are charged to profit or loss when they are incurred. The costs of issuing equity or debt securities as a part of the consideration for the acquisition are included in the carrying amounts of these equity or debt securities upon initial recognition. The contingent costs as a part of the consideration for the acquisition are included in the cost of combination on fair values at the acquisition date, and will be adjusted if any new situation incurred or further evidence provided in 12 months subsequent to acquisition date, then the goodwill will be adjusted accordingly. Theacquiree’s identifiable assets, liabilities and contingent liabilities, acquired by the acquirer in a business combination, that meet the recognition criteria are measured at fair value at the acquisition date. Where the cost of combination exceeds theacquirer’s interest in the fair value of theacquiree’s identifiable net assets, the difference is treated as an asset and recognised as goodwill. Where the cost of combination is less than theacquirer’s interest in the fair value of theacquiree’s identifiable net assets, the acquirer firstly reassesses the measurement of the fair values of theacquiree’s identifiable assets, liabilities and contingent liabilities and measurement of the cost of combination. If after that reassessment, the cost of combination is still less than theacquirer’s interest in the fair value of theacquiree’s identifiable net assets, the acquirer recognizes the remaining difference immediately in profit or loss for the current period.
The deductible temporary difference from the acquiree not recognized as deferred tax assets on the acquisition date, will be recognized as deferred tax assets, if in 12 months subsequent to acquisition date, there is new information indicating that relative situation exists and the economic benefit associated with the deductible temporary difference will flow to the Company, the goodwill will be reduced accordingly. If the goodwill is less
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 than the deductible temporary difference, the difference will be charged into profit or loss in current period. For a business combination involving enterprise not under common control and achieved in stages, it should make judgement on whether those transactions are regard as “Package deal” based on “No. 5 Notice on Explanation on Accounting Standards for Business Enterprises by the Ministry of Finance" (CAIKUAI[2012] No.19) and Article 51 of "Accounting Standards for Business Enterprises No. 33: Consolidated Financial Statement". If it is regarded as “package deal”, the accounting treatment refers to above-mentioned principle and “Long-term equity investment” in Note III, 14; If it is not regarded as “package deal”, the accounting treatment should be different for individual and consolidated financial statements.
In individual financial statement, the initial investment cost is the sum of the Net carrying amount of equity investment held before the acquisition date and the cost of new investment on acquisition date. When the stock equity held before the acquisition date involving other consolidated incomes, at the disposal date, other consolidated incomes related to this investment shall be subjected to accounting treatment (i.e. except the corresponding share accounted by equity method in the change due to remeasurement and setting of net indebtedness or net assets of benefit plan, the remaining shall be transferred to the current investment income) on the same basis as that adopted by the acquiree for the direct disposal of relevant assets or liabilities.
In consolidated financial statement, the share equity held before the acquisition date shall be measured again according to the fair value of this share equity on the acquisition date, the balance of the fair value and its Net carrying amount shall be counted in the current investment income; when the share equity held before the acquisition date involving other consolidated incomes, other consolidated incomes related shall be subjected to accounting treatment (i.e. except the corresponding share accounted by equity method in the change due to remeasurement and setting of net indebtedness or net assets of benefit plan, the remaining shall be transferred to the current investment income of the acquisition date) on the same basis as that adopted by the acquiree for the direct disposal of relevant assets or liabilities.
6. Preparation on consolidation financial statements
(1) Preparation on consolidation financial statements
The company starts to include the actual control right to the net assets and the production and management decisions of the subsidiaries into the combination scope since the date of the actual right acquired, and will stop covering into the combination scope on the date of the actual right lost. For the disposed subsidiaries, the business performance and the cash flow before the disposal date have been properly covered in the consolidated profit statement and the consolidated cash flow statement. For the subsidiaries disposed in the current period, the opening balance of the consolidated balance sheet shall not be adjusted.
(2) Method of preparing consolidated financial statements
Meanwhile, for the subsidiaries increased through the business combination under non-common control, the business performance and the cash flow after the acquisition date have been properly included in the consolidated profit statement and the consolidated cash flow statement, and the opening balance and the comparison balance of the consolidated financial statement shall not be adjusted. For the subsidiaries increased through the business combination under common control, the business performance and the cash flow from the beginning of current combination period to the combination date have been properly included in the consolidated profit statement and the consolidated cash flow statement, and the comparison balance of the consolidated financial statement shall be adjusted simultaneously.
When preparing the consolidated financial statement, the necessary adjustment shall be made according to the accounting policy of the company and the financial statement of the subsidiaries during the fiscal period if the accounting policy or the fiscal period adopted by the subsidiaries and the company is discrepant. For the subsidiaries acquired through the business combination under non-common control, the financial statement shall be adjusted on the basis of the fair value of the identifiable net assets on the acquisition date.
All the major balances, transactions and the unrealized profits of the company shall be offset in the preparation of the consolidated financial statement.
Those not belong to the company in theshareholders’ equity and the current net profit or loss of the subsidiaries
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 shall be respectively as the minority equity and the minority interest income and individually listed under theshareholders’ equity and the net profit of the consolidated financial statement. The minority equity portion from the net profit or loss in current period shall be as “minority interest income” and listed under the net profit in the consolidated financial statement. Moreover, the minority equity is still offset even if the losses of the subsidiaries undertaken by the minority shareholders are beyond the portion of theshareholders’ equity shared by the minority shareholders of the company at the beginning of period.
When the control on the original subsidiaries lost due to the disposal of partial equity investment or other reasons, the remaining equity should be measured again according to the fair value on the control lost date. The difference of the consideration acquired by the disposal of equity and the fair value of the surplus equity minus the net assets portion of the original subsidiaries calculated from the purchase date as per the original stock proportion shall be recorded into the current investment income after the control lost. Other comprehensive returns relevant to the original subsidiary shares investment shall be disposed through the accounting treatment on the same basis of the direct disposal of the relevant assets or liabilities by the acquiree when the control lost (Namely, all the rest are transferred into the current investment incomes, with the exception of the changes caused by the net liabilities or the net assets of the defined benefit plans re-measured by the original subsidiaries). Thereafter, the subsequent measurement shall be made for the rest equity according to the relevant provisions of “Accounting Standards for Business Enterprises No. 2– Long-term Equity Investment” or “Accounting Standards for Business Enterprises No. 22– Recognition and Measurement of Financial Instruments”. For the details, please see Notes III, 14 “Long-term Equity Investment” or Notes III, 10 “Financial Instruments”.
For the equity investment in the subsidiary through the step-by-step disposal of multiple transactions till the control right lost, the company should respectively dispose all the transactions if belong to the package deal. As long as the terms, conditions and economic influence on all the transactions of the disposal of the equity investment in the subsidiary meet one status below, it usually shows that the multiple transactions matters should be conducted the accounting treatment as the package deal:① these transactions are made simultaneously or under the consideration of the influence each other.② these transactions shall be as the whole to achieve one complete business results.③ one transaction occurs depending on the appearance of other one transaction at least.④ one transaction is economic under the consideration with other transactions even if it is not economic when individually considerate. For the non-package deal, each transaction shall be respectively conducted the accounting treatment according to the applicable principles of “Partial Disposal of Long-term Equity Investment in Subsidiary without Control Lost” (please refer to 14, (2)④ in Notes III,) and “The Control on Original Subsidiary Lost due to Disposal of Part of Equity Investment or Other Reasons” (details please see forepart). For the package deal from the transactions after the disposal of equity investment in the subsidiary till the control right lost, the transactions shall be as one transaction of the disposal of subsidiary and the control lost for the accounting treatment. Therefore, every balance between the net assets proportion of the subsidiary shared relative to the disposal price and the disposal investment before the control right lost, shall be recognized as other comprehensive incomes in the consolidated financial treatment and transferred into the current profits and losses when the control lost.
7. Accounting treatment for classification and co-operation of joint arrangement
Joint arrangement is an arrangement whereby two or more parties have joint control. The Company classified the joint arrangement into co-operation arrangement and joint venture according to the right and obligation involving in the joint arrangement. Under co-operation, the Company has joint control and rights to the relevant assets and liability of the arrangement. Under joint venture, the Company only has joint control and rights to the net assets of the arrangement.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 The company adopts equity method to calculate investment to joint enterprises by referring to accounting policies stated in "Long-term Stock Ownership for Equity Method Calculation" in Note V 22 (2).
Under co-operation, the Company recognizes 1) its solely held of assets and liability, 2) assets and liabilities jointly owned based on share proportions, 3) revenue from sales of assets jointly owned by the Company, 4) revenue from sales of assets based on share proportions, 5) expense incurred by the Company, 6) expense incurred based on share proportions.
When the Company invests, sells or purchase assets (the asset does not constitute a business, the same below), to or from the co-operation, the Company only recognizes the profit or loss belong to other joint parties before selling those assets to third party. If those assets are impaired in compliance with Accounting Standards for Business Enterprises No.8-Assets impairment, the Company should recognize loss for all the invested or sold assets to co-operation. For the assets purchased from co-operation, the Company should recognize loss based on share proportion.
8. Cash and cash equivalent
Cash and cash equivalents comprise cash on hand, deposits that can be readily withdraw on demand, and short-term, highly liquid investments that are readily convertible into known amounts of cash and are subject to an insignificant risk of change in value.
9. Conversion method of foreign currency transactions
(1) Conversion method of foreign currency transactions
The foreign currency transactions are recorded, on initial recognition in the functional currency, by applying the foreign currency amount by the spot exchange rate on the transaction dates, while the foreign currency exchange business or transactions relating to foreign currency exchange are recorded in the functional currency by applying to the foreign currency amount at the actual exchange rate used.
(2) Conversion method of foreign currency monetary items and foreign currency non-monetary items
Foreign currency monetary items are convered using the spot exchange rate on the balance sheet date. The exchange gains or losses arising from occurrence of transactions and exchange of currencies are recognized in profit or loss for the period, except that (1) exchange differences related to a specific-purpose borrowing denominated in foreign currency that qualifies for capitalization are capitalized as part of the cost of the qualified asset during the capitalization period; (2) exchange differences arising from changes in the carrying amounts of available-for-sale monetary items are recognized as other comprehensive income.
Foreign currency non-monetary items measured at historical cost are converted to the amounts in functional currency at the spot exchange rates on the dates of the transactions and the amounts in functional currency remain unchanged. Foreign currency non-monetary items measured at fair value are re-converted at the spot exchange rate on the date the fair value is determined. Difference between the re-converted functional currency amount and the original functional currency amount is treated as changes in fair value (including changes of exchange rate) and is recognized in profit and loss or as other comprehensive income.
(3) Conversion of financial statements denominated in foreign currencies
As an accounting treatment in respect to a foreign operation, if there are monetary items relating to the investment to foreign operation, the resulting conversion differences are recognized in other comprehensive income as “conversion reserve”. The conversion differences accumulated inshareholders’ equity with respect to a foreign operation is transferred to profit or loss in the period when the foreign operation is disposed.
Assets and liabilities of foreign operation are converted to Renminbi at the spot exchange rate on the balance sheet date. Equity items, excluding retained earnings, are converted to Renminbi at the spot exchange rates at the transaction dates. Income and expenses of foreign operation are converted to Renminbi at the rates that approximate the spot exchange rates at the transaction dates. The beginning balance of retained earnings is the prior year ending balance of retained earning converted, while the ending balance of retained earnings is sum total of converted items of income statement. The resulting conversion differences are recognized in other comprehensive income. The conversion differences accumulated inshareholders’ equity with respect to a foreign operation is transferred to profit or loss in the period when the foreign operation is disposed
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Cash flow denominated in foreign currency and cash flow of foreign operation are converted to Renminbi at the spot exchange rate at the transaction date. The effect of foreign exchange fluctuation is treated as recociling item that is separately disclosed on cash flow statement.
The beginning balance is present as same as converted balance of financial statement in prior year.
The conversion differences accumulated inshareholders’ equity with respect to a foreign operation is transferred to profit or loss in the period when the foreign operation is fully or partially disposed or lost control over the foreign operation due to other causes.
Disposing investment in a foreign operation without losing control, the conversion differences accumulated inshareholder’s equity associated with the disposing part is transferred to minoritystockholder’s interest. Disposing investment in a foreign operation which is joint venture enterprise, the conversion differences accumulated inshareholder’s equity associated with the disposing part is transferred to profit or loss in the disposing period with the disposing proportion.
10. Financial instruments
Financial instruments refer to contracts that form financial assets of one party and financial liabilities or equity instruments of other parties. When the company becomes a party to a financial instrument contract, a financial asset or financial liability is recognized.
Financial assets and financial liabilities are measured at fair value upon initial recognition:① For financial assets and financial liabilities measured at fair value, whose changes are included in current profits and losses, relevant transaction costs are directly included in current profits and losses;② For other types of financial assets and financial liabilities, relevant transaction costs are included in the initial recognition amount.
If a financial asset or financial liability meets one of the following conditions, it indicates that the purpose of holding the financial asset or bearing the financial liability is transactional:① The purpose of obtaining the relevant financial asset or bearing the relevant financial liability is mainly to sell or repurchase in the near future;② Relevant financial assets or financial liabilities are part of the identifiable portfolio of financial instruments under centralized management at the time of initial recognition, and there is objective evidence indicating that there is a short-term profit pattern in the near future;③ Relevant financial assets or financial liabilities are derivatives, except derivatives that meet the definition of financial guarantee contract and derivatives designated as effective hedging instruments.
(1) Classification and measurement of financial assets
At the time of initial recognition, the financial assets of the Company are classified into financial assets measured by amortized cost, financial assets measured by fair value and whose changes are included in other comprehensive income, and financial assets measured by fair value and whose changes are included in current profits and losses according to the company's business mode of managing financial assets and the contractual cash flow characteristics of financial assets. Subsequent measurement of financial assets depends on their classification.①Financial assets measured at amortized cost
The financial assets that meet the following conditions at the same time are classified as financial assets measured in amortized cost: The business mode for managing the financial assets is aimed at collecting the contract cash flow; The contractual terms of the financial asset stipulate that the cash flow generated on a specific date is only the payment of principal and interest based on the amount of outstanding principal. The Company recognizes interest income for such financial assets according to the effective interest rate method. Gains or losses arising from derecognition of such financial assets and losses arising from impairment are directly included in current profits and losses.
②Financial assets measured at fair value and changes included in other comprehensive income
The financial assets that meet the following conditions at the same time are classified as financial assets measured at fair value and whose changes are included in other comprehensive income: The business mode for managing the financial assets of the Company is aimed at both collecting the contractual cash flow and selling the financial assets; The contractual terms of the financial asset stipulate that the cash flow generated on a specific date is only the payment of principal and interest based on the amount of outstanding principal. Such financial assets are measured at fair value and their changes are included in other comprehensive gains, but impairment losses or gains, exchange gains and losses and interest income calculated according to the actual interest rate method are included in current profits and losses. When such financial assets are derecognized, the changes in fair value accumulated in other comprehensive income will be carried forward to the current profits and losses.
③Financial assets measured at fair value and changes included in current profits and losses
The above-mentioned financial assets measured in amortized cost and financial assets other than those measured at fair value with changes included in other comprehensive income are classified as financial assets measured at
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 fair value with changes included in current profits and losses. At the time of initial recognition, in order to eliminate or significantly reduce accounting mismatch, financial assets can be designated as financial assets measured at fair value with changes included in the current profits and losses. In regard with such financial assets, fair value is adopted for subsequent measurement, and all changes in fair value are included in current profits and losses.
When the company changes its business mode of managing financial assets, it will reclassify all relevant financial assets affected.
(2) Classification and measurement of financial liabilities
The Company's financial liabilities are classified into: financial liabilities measured at amortized cost and financial liabilities measured at fair value with changes recorded in current profits and losses upon initial recognition. Financial liabilities that meet one of the following conditions can be designated as financial liabilities measured at fair value at the time of initial measurement with changes included in current profits and losses:① The designation can eliminate or significantly reduce accounting mismatch;② According to the company's risk management or investment strategy stated in official written documents, the financial liability portfolio or financial asset and financial liability portfolio is managed and evaluated on the basis of fair value, and reported to key management personnel within the company on this basis. Once the designation is made, it cannot be revoked. Financial liabilities designated to be measured at fair value with changes included in current profits and losses are included in other comprehensive income. The amount of changes in fair value caused by changes in the company's own credit risk is included in other comprehensive income; Other changes in fair value are included in current profits and losses. When the financial liability is derecognized, the accumulated gains or losses previously included in other comprehensive income are transferred out of other comprehensive income and included in retained income.
(3) Derecognition of financial assets and financial liabilities
Financial assets that meet one of the following conditions shall be derecognized:
① Termination of the contractual right to receive cash flow from the financial asset;
② The financial asset has been transferred, and the Company has transferred almost all risks and rewards on the ownership of the financial asset to the transferee;
③ The financial asset has been transferred. Although the Company has neither transferred nor retained almost all risks and rewards on the ownership of the financial asset, it has given up its control over the financial asset. If the current obligation of a financial liability (or part thereof) has been discharged, the Company shall terminate the recognition of the financial liability (or part thereof).
(4) Impairment of financial assets
1) For financial assets measured in amortized cost, financial assets measured at fair value with changes included in other comprehensive income, the Company recognizes loss reserves on the basis of expected credit losses. The Company takes into account reasonable and reliable information on historical events, current situation and future economic situation forecasts, and uses the risk of default as the weight to calculate the probability weighted amount of the present value of the difference between the cash flow receivable from the contract and the cash flow expected to be received to confirm the expected credit loss.
On each balance sheet date, the Company separately measures the expected credit losses of financial instruments at different stages. If the credit risk of financial instruments has not increased significantly since the initial confirmation, it is in the first stage. The Company measures the loss reserve according to the expected credit loss in the next 12 months; If the credit risk of a financial instrument has increased significantly since its initial recognition but no credit impairment has occurred, it is in the second stage. The Company measures the loss reserve according to the expected credit loss of the financial instrument throughout the duration; If a financial instrument has suffered credit impairment since its initial recognition, it is in the third stage. The Company measures the loss reserve according to the expected credit loss of the instrument throughout the duration.
For financial instruments with low credit risk on the balance sheet date, the Company assumes that their credit risk has not increased significantly since the initial confirmation, and measures the loss reserve according to the expected credit loss in the next 12 months.
For financial instruments in the first and second stages and with low credit risk, the Company calculates interest income based on the book balance before deducting impairment provisions and the actual interest rate. For financial instruments in the third stage, the interest income shall be calculated according to their book balance minus the amortized cost after impairment provision and the actual interest rate.
The Company determines the expected credit losses of relevant financial instruments according to the following methods:
① For financial assets, credit loss is the present value of the difference between the contract cash flow to be collected by the company and the cash flow expected to be collected;
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019② For lease receivables, credit loss is the present value of the difference between the contract cash flow to be collected by the company and the cash flow expected to be collected;
③ For withdrawn loan commitments, the credit loss shall be the present value of the difference between the contractual cash flow to be collected by the enterprise and the cash flow expected to be collected when the holder of the loan commitment withdraws the corresponding loan. The Company's estimation of the expected credit loss of the loan commitment shall be consistent with its expectation of the withdrawal of the loan commitment.④ For a financial guarantee contract, credit loss shall be the estimated amount of payment made by the enterprise to the contract party for credit loss incurred, less the present value of the difference between the amount the enterprise expects to collect from the contract party, the debtor or any other party.
⑤ For financial assets that have suffered credit impairment on the balance sheet date but are not purchased or incurred credit impairment, credit loss is the difference between the book balance of the financial asset and the present value of the estimated future cash flow discounted at the original actual interest rate.
2) For receivables, regardless of whether there is any significant financing component, the Company considers all reasonable and reliable information, including forward-looking information, estimates the expected credit loss of receivables in a single or combined way, and adopts a simplified model of expected credit loss, and always measures the loss reserve according to the expected credit loss throughout the duration. The accrual method is as follows:
① At the end of the period, an impairment test shall be conducted separately for receivables that have objective evidence of impairment. Impairment losses shall be recognized and provision for bad debts shall be made according to the difference between the present value of the estimated future cash flow and its Net carrying amount.
② When a single financial asset cannot evaluate the expected credit loss information at a reasonable cost, the Company divides the receivables portfolio according to the credit risk characteristics and calculates the expected credit loss based on the portfolio. For receivables classified as risk portfolios, the Company refers to the experience of historical credit losses and calculates the expected credit losses based on the current situation and the forecast of future economic conditions. The Company will include the accrued or reversed loss reserves into the current profits and losses.
(5) Transfer of financial assets
If the company has transferred almost all risks and rewards in the ownership of the financial asset to the transferee, the confirmation of the financial asset shall be terminated; If almost all risks and rewards on the ownership of a financial asset are retained, the financial asset shall continue to be recognized.
If the Company neither transfers nor retains almost all risks and rewards in the ownership of financial assets, it shall be handled according to the following situations respectively: If the control over the financial assets is not retained by the company, the recognition of the financial assets shall be terminated, and the rights and obligations arising from or retained in the transfer shall be separately recognized as assets or liabilities; If the control over the financial asset is retained by the company, the relevant financial asset shall continue to be recognized according to the extent that it continues to be involved in the transferred financial asset, and the relevant liabilities shall be recognized accordingly.
11.Notes receivble
Please refer to section 12 Accounts Receivable for details
12.Account receivable
For accounts receivable, refer to the description of impairment of financial assets in Section 10 and Financial Instruments (4):
(1)The accounts receivable of bad debt provisions made by credit risk Group
|||
|-|-|
|Name|Withdrawing Method|
|Aging Group|Aging Analysis Method|
|Other Group|Other method|

In Group ,Accounts on age basis in theportfolio：
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Aging|||
||Rate for receivables(%)|Rate for other receivables(%)|
|Within 1 year（Including 1 year）|5.00%|5.00%|
|During the credit period|0.00%|0.00%|
|The credit period within 1 year|5.00%|5.00%|
|1－2 years|10.00%|10.00%|
|2－3 years|30.00%|30.00%|
|3－4 years|50.00%|50.00%|
|4－5 years|70.00%|70.00%|
|Over 5 years|100.00%|100.00%|

 In Group ,adopting other method for bad debtprovision：
||||
|-|-|-|
|Name|Account receivable proportion|Other account receivable proportion|
|Affiliated company exchanges|0.00%|0.00%|
|Security deposit|0.00%|0.00%|
|Deposit|0.00%|0.00%|
|Petty cash,etc.|0.00%|0.00%|

 13. Financing of receivables
Not applicable
14.Other account receivable
Determination method and accounting treatment method of expected credit loss of other receivables
Determination method of expected credit loss of other receivables and accounting treatment method
Same as 12, "Accounts Receivable"
15. Inventories
Whether the company needs to comply with the disclosure requirements of the particular industry
No
(1)Classification of Inventories
This enterprise's inventories is classified as raw materials, works in process, finished products, circulation materials, low-value consumption goods, packing materials, supplies purchasing, engineering construction, development cost,etc.
(2) Obtaining and Measurement of Inventories
The perpetual inventory systems are adopted for this enterprise's inventories. The inventories shall be measured by their actual cost when they are obtained. Raw materials, works in process, finished products, etc. shall be measured with the weighted average method when they are being sent out. Low-value consumption goods shall be written off by one-off write-off method when they are withdrawn for use. Circulation packaging materials shall be recorded into cost according to the predicted usage times.
(3) Methods to make provision for loss on decline in value of inventories
If the cost of inventories is higher than the net realizable value at the end of each period, this enterprise shall make
the provision for the loss on decline in value of inventories. This enterprise makes provision for the loss on
decline in value of inventories on the ground of each item of inventories. If the factors causing any write-down of
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 the inventories have disappeared, the amount of write-down shall be resumed and be reversed from the provision for the loss on decline in value of inventories that has been made.
(4) Method for confirming the net realizable value of inventories
The net realizable value of inventories refers to the amount of the estimated selling price, less the estimated costs of completion, the estimated selling costs and related tax payments.
16. Contract assets
Not applicable
17.Contract cost
Not applicable
18. Held-for-sale assets
The Company will retrieve its Net carrying amount by means of selling assets (including the exchange of commercial non-monetary assets) instead of sequentially using a non-monetary asset or a disposal group, and when meeting two of the following conditions, the Net carrying amount will be divided into on-sales category: (1) When a certain non-monetary assets or a certain disposal group sells such kind of assets in similar transactions in accordance with the convention , assets can be sold immediately under the current situation.
(2)The Company has made decision for the selling plans and has acquired assured purchase commitment, predicting that selling will be completed within one year.( The selling, which can only be sold after acquiring approval from relevant authorities or supervision departments according to relevant provision requirement , has acquired its approval ).
The Company will be specifically for dividing the non-current assets or disposal group which are acquired from reselling into on-sales category on acquisition date if on acquisition date they can meet the stipulated condition that the predicted selling will be completed within one year , and in a short term (usually 3 months) they are likely to meet other conditions of dividing into on-sales category.
When the non-monetary assets and disposal group were measured by the Company at the beginning or remeasured and divided into on-sales category on balance sheet date, if its Net carrying amount is higher than the net amount after fair value deducts selling expense, the Net carrying amount will be written down to the net amount after fair value deducts selling expense, and the written-down amount will be confirmed as assets impairment losses and counted into the current profits and losses, and the impairment provision with on-sales assets will be withdrawn in the meanwhile. For the on-sales disposalgroup’s confirmed amount of loss of asset impairment, the Net carrying amount of goodwill will be deducted first, and its Net carrying amount will then be deducted proportionally according to the Net carryingamount’s percentages of all non-current assets in the disposal group which can be adopted by the measurement stipulations of Accounting Standards for Business Enterprises NO.42- On-sales Non-current Assets, Disposal Groups and Operation Termination
If any increment occurs in the net amount after the on-sales non-current assets on the subsequent balance sheet date deducts selling expense, the amount deducted previously will be recovered and will be transferred back within the amount of asset impairment losses confirmed after being divided into on-sales category, and the amount transferred back will be counted into the current profits and losses. There will be no restitution for asset impairment losses confirmed before being divided into on-sales category. The amount deducted previously of on-sales disposal group shall be recovered, and when after being divided into on-sales category, it will be transferred back within the amount of impairment confirmed by non-current assets by the means of the measure stipulations of Accounting Standards for Business Enterprises NO.42- On-sales Non-current Assets, Disposal Groups and Operation Termination, and the amount transferred back will be counted into the current profits and losses. There will be no restitution for the Net carrying amount of goodwill which has been deducted and for asset impairment losses confirmed before being divided into on-sales category which can be adopted by the measure stipulation of this principle.
No depreciation and amortization will be made in the non-current assets which are on sales or in the disposal group. Confirmation will continue to be made in the debt interest in on-sales disposal group as well as other expenses.
When the non-current assets or the disposal group can not meet the conditions of dividing into on-sales category, the Company will not continue to divide it into on-sales category or remove the non-current assets from the on-sales disposal group, and the valuation will be made according to the lower one between two of followings:
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 (1)Net carrying amount before being divided into on-sales category, and the amount of money after being under the situation where Net carrying amount is supposed not to be divided into on-sales category and adjustment is made in depreciation, amortization or impairment which should have been confirmed.（2）Recoverable amount. When derecognizing the on-sales non-current assets or disposal group, the Company will count the gains and losses which are yet to be confirmed into the current profits and losses.
19.Creditor's rights investment
Not applicable
20.Other Creditor's rights investment
Not applicable
21.Long-term account receivable
Determination method and accounting treatment method of expected credit loss of Long-term receivables Same as 12, "Accounts Receivable"
22.Long-term Equity Investment
Long-term equity investments refer to all investments that are the Company with control of, joint control of, or significant influence over, an investee. The Company accounted investments that are the Company without control of, joint control of, or significant influence over, an investee as financial assets available-for-sale or financial assets at fair value through profit or loss. Please refer to Note III 10 “Financial instruments” for detail.
Joint control refers to the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. Significant influence refers to the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of those policies.
(1) Initial measurement
For business combination under common control, if the consideration of the merging enterprise is that it makes payment in cash, transfers non-cash assets or bear its debts, it shall, on the date of combination, regard the share of the Net carrying amount of the stockholder's equity of the merged enterprise as the initial cost of the long-term equity investment. The difference between the initial cost of the long-term equity investment and the payment in cash, non-cash assets transferred as well as the Net carrying amount of the debts borne by the merging party shall offset against the capital reserve. If the capital reserve is in sufficient to dilute, the retained earnings shall be adjusted. If the consideration of the merging enterprise is that it issues equity securities, it shall, on the date of combination, regard the share of the Net carrying amount of the stockholder's equity of the merged enterprise as the initial cost of the long-term equity investment. The total face value of the stocks issued shall be regarded as the capital stock, while the difference between the initial cost of the long-term equity investment and total face value of the shares issued shall offset against the capital reserve. If the capital reserve is insufficient to dilute, the retained earnings shall be adjusted. Business combination under common control achieved in stages by several transactions shall determine whether the transactions belong to one package. If the transactions belong to one package, the Company accounted these transactions as one transaction with control of the investee. If the transactions do not belong to one package, on the date of combination, the Company shall regard the share of the Net carrying amount of the owner's equity of the merged enterprise as the initial cost of the long-term equity investment. The difference between the initial cost of the long-term equity investment and the sum of Net carrying amount of long-term equity investments prior to the combination and the Net carrying amount of consideration paid at the date of combination in order to achieve control of the investees shall offset against the capital reserve. If the capital reserve is in sufficient to dilute, the retained earnings shall be adjusted. No accounting treatment will be made for the other comprehensive income arising from equity investment under equity method before the combination date or recognized with available-for-sale financial assets.
For business combination under different control, the Company accounts initial cost of long-term equity investment as combination costs on the acquisition date. Combination costs refer to the fair values, on the acquisition date, of the assets paid, the liabilities incurred or assumed and the equity securities issued by the acquirer. Business combination under different control achieved in stages by several transactions, shall determine whether the transactions belong to one package. If the transactions belong to one package, the Company accounts these transactions as one transaction with control of, joint control of, significant influence over, the investee. If the transactions do not belong to one package, the initial cost of long-term equity shall be accounted under cost method and recognized amount shall be the sum of Net carrying amount of long-term equity investment before acquisition and cost of additional investment. For equity investments previously accounted under equity method,
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 other comprehensive income related to these investments does not change. For equity investments previously accounted as financial assets available for sale, difference between fair value and Net carrying amount and accumulated changes in fair value originally recorded in other comprehensive income shall be transferred to profit or loss of current period.
The direct cost for the business combination of the combining party shall, including the expenses for audit, assessment and legal services, be recorded into the profits and losses at the current period.
Besides the long-term equity investments formed by business combination, the initial cost of a long-term equity investment obtained by other means shall be initially recognized at cost.The cost shall be ascertained in accordance with the provisions as follows: (a) The initial cost of a long-term equity investment obtained by making payment in cash shall be the purchase cost which is actually paid; (b) The initial cost of a long-term equity investment obtained on the basis of issuing equity securities shall be the fair value of the equity securities issued; (c) The initial cost of a long-term equity investment of an investor shall be the value stipulated in the investment contract or agreement; (d) The initial cost of a long-term investment obtained by the exchange of non-monetary assets shall be the fair value or Net carrying amount of transferred assets. (e) The initial cost of a long-term investment shall be the fair value of the long-term investment; etc. The initial cost also consists of the expenses directly relevant to the obtainment of the long term equity investment, taxes and other necessary expenses. Long-term equity investment which, due to additional investment, can exercise significant influence over, joint control of, but not control of, the investees, shall recognize its cost as the sum of fair value of long-term equity investment before additional investment and cost of additional investment according to Accounting Standard for Business Enterprises No.22-Recognition and Measurement of Financial Instruments.
(2) Subsequent Measurement and Recognition Method
Long-term equity investments which are the Company with joint control of (excluding joint operation), significant influence over the investees shall be accounted under equity method. Besides, long-term equity investments which are the Company with control of the investees shall be accounted under cost method.
(1)A long-term equity investment accounted under cost method
Under the cost method, long-term equity investment is measured at initial cost, additional investments or disinvestments shall make an adjustment to the cost of long-term equity investment. The investment income recognized by the Company shall be limited to the dividends or profits declared to distribute by the invested entity, except dividends or profits declared in the consideration paid to acquire the investees.
(2) A long-term equity investment accounted under the equity method.
Under the equity method, where the initial investment cost of a long-term equity investment exceeds theCompany’s share of the fair value of theinvestee’s identifiable net assets at the time of acquisition, no adjustment is made to the initial investment cost. Where the initial investment cost is less than theCompany’s share of the fair value of theinvestee’s identifiable net assets at the time of acquisition, the difference is recognized in profit or loss for the period, and the cost of the long-term equity investment is adjusted accordingly.
Under the equity method, the Company recognizes its share of the net profit or loss and other comprehensive income made by the investee as investment income and other comprehensive income respectively, and adjust the carrying amount of the long-term equity investment accordingly; The carrying amount of the investment is reduced by the portion of any profit distributions or cash dividends declared by the investee that is distributed to the Company; the share of changes in owners' equity of the investee other than those arising from net profit or loss, other comprehensive income and profit distribution are recognized in the capital reserve, the carrying amount of the long-term equity investment is adjusted accordingly. The Company recognizes its share of the investee's net profit or loss after making appropriate adjustments based on the fair value of theinvestee’s individual separately identifiable assets, etc. at the acquisition date. Where the accounting policies and accounting period adopted by the investee are not consistent with those of the Company, the Company shall adjust the financial statements of the investee to conform to its own accounting policies and accounting period, and recognize investment income and other comprehensive income based on the adjusted financial statements. For the Company's transactions with its associates and joint ventures where assets contributed or sold does not constitute a business, unrealized intra-group profits or losses are recognized as investment income or loss to the extent that those attributable to the Company's proportionate share of interest are eliminated. However, unrealized losses resulting from the Company's transactions with its associates and joint ventures which represent impairment losses on the transferred assets are not eliminated. When the assets invested by the Company to associates or joint ventures constitute an operation, and the investors thereafter own long-term equity investment without control of the Company, fair value of the operation invested shall be accounted as cost of additional long-term equity investments, and
difference between initial recognized cost of additional long-term equity investments and its Net carrying amount
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 shall be accounted in the profit or loss of current period. When the assets sold by the Company to associates or joint ventures constitute an operation, the difference between consideration paid and Net carrying amount of the operation shall be recorded in profit or loss of current period. When the assets bought by the Company from associates or joint ventures constitute an operation, gain or loss related shall be recognized according to Accounting Standard for Business Enterprises No.20-Business Combination.
The Company discontinues recognizing its share of net losses of the investee after the carrying amount of the long-term equity investment together with any long-term interests that in substance form part of its net investment in the investee is reduced to zero. If the Company has incurred obligations to assume additional losses of the investee, a provision is recognized according to the expected obligation, and recorded as investment loss for the period. Where net profits are subsequently made by the investee, the Company resumes recognizing its share of those profits only after its share of the profits exceeds the share of losses previously not recognized.
(3) Acquisition of non-controlling shares
When preparing consolidated financial statements, differences between additional long-term equity investments due to acquisition of non-controlling shares and attributable share of investedentity’s identifiable net assets accumulated since acquisition date (or consolidation date) at shareholding ratio after acquisition, shall adjust capital reserve. If the capital reserve is insufficient to dilute, the retained earnings shall be adjusted.
(1) Disposal of long-term equity investments
In consolidated financial statements, when parent company partially disposes long-term equity investments in subsidiaries without losing control, the difference between proceeds received and attributable share of investedentity’s identifiable net assets related to such investments sold, shall be recorded inshareholder’s equity; when parent company partially disposes long-term equity investments in subsidiaries with control lost, adjustments shall be made in accordance to Note III 6 (2).
Under other circumstances, for disposal of long-term equity investment, the Company shall derecognize such investment and recognize in profit or loss the difference between the proceeds received, and the carrying amount of the investment in the associates and joint ventures.
In terms of long-term equity investments accounted under equity method, the accounting method after disposal shall not change. The Company shall account for proportionate amount previously recognized in other comprehensive income in relation to that investment on the same basis as would have been required if the investee had directly disposed of the related assets or liabilities. The Company shall also reclassify to current period profit or loss the proportion of changes inshareholders’ equity that had previously been recognized excluding changes arising from net gain or loss, other comprehensive income, profit or loss.
In terms of long-term equity investments accounted under cost method, the accounting method after disposal shall not change. The Company shall account for proportionate amount previously recognized in other comprehensive income, arising from according equity method or recognition and measurement standard of financial instruments before control of investees, in relation to that investment on the same basis as would have been required if the investee had directly disposed of the related assets or liabilities. The amount in other comprehensive income shall be transferred to current period profit or loss proportionately.
When the Company loses control over an investee due to partial disposal of its shares, during preparation of individual financial statements, if the Company with retained shares after disposal can still joint control, or influence over, the investee, the Company shall account for the investment under equity method and retained shares shall be adjusted as would have been required if the retained shares had been recorded on initial recognition under equity method; if the Company with retained shares after disposal cannot joint control, or influence over, the investee, the Company shall account for the investment under the recognition and measurement standard of financial instruments and recognize in profit or loss difference between the fair value of any retained shares and carrying amount of the investment at the date of control lost. The Company shall account for amount previously
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 recognized in other comprehensive income, arising from according equity method or recognition and measurement standard of financial instruments before control of investee in relation to that investment on the same basis as would have been required if the investee had directly disposed of the related assets or liabilities. If equity method is used before control, the Company shall also reclassify to current period profit or loss changes inshareholders’ equity that had previously been recognized excluding changes arising from net gain or loss, other comprehensive income, profit or loss. If retained shares are accounted under equity method, other comprehensive income and changes inshareholders’ equity shall be transferred to current period profit or loss proportionally; if retained shares are accounted under cost method, other comprehensive income and changes inshareholders’ equity shall be transferred to current period profit or loss at once.
When the Company ceases to joint control or influence over investee due to partial disposal of its shares, retained shares shall be accounted for under recognition and measurement standard of financial instruments and difference between fair value and carrying amount shall be recorded in current period profit or loss. The Company shall account for amount previously recognized in other comprehensive income arising from equity method in relation to that investment on the same basis as would have been required if the investee had directly disposed of the related assets or liabilities. The Company shall also reclassify to current period profit or loss the proportion of changes inshareholders’ equity that had previously been recognized excluding changes arising from net gain or loss, other comprehensive income, profit or loss.
When the Company ceases to control an investee due to partially dispose its shares by stages, if transactions belong to one package, each transaction shall be accounted for as one event which lead to control cease. Prior to control lost, the difference between proceeds received and carrying amount of investment sold shall be recorded in other comprehensive income first and transferred to current period profit or loss when control lost.
23. Investment real estate
The measurement mode of investment property
The measurement by the cost method
Depreciation or amortization method
Investment property refers to the properties held for the purpose of generating rent and/or capital appreciation. Thecompany’s investment property includes the land use right rented and the constructions leased.
The Company makes initial measurement at the costs that the properties is acquired and records as part of the property costs the subsequent expenses that could bring economic benefit inflows and be measured reliably while other subsequent expenses as part of current profit and loss. Such properties are depreciated or amortized in accordance with the relevant regulations for fixed assets or intangible assets.
24. Fixed assets
(1) Recognition criteria for fixed assets
Fixed assets are tangible assets that are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes, and have useful lives of more than one accounting year.
A fixed asset is recognized only when it is probable that economic benefits associated with the asset will flow to the Company and the cost of the asset can be measured reliably. Fixed assets are initially measured at cost.（2）Depreciation methods
||||||
|-|-|-|-|-|
|||Estimated useful|Estimated residual value||
|Type|Detail|||Depreciation rate(%)|
|||Life|rate||
|||Over the period of title|||
|House and Building|Straight-line method||5|3.17|
|||(the period specified on|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||
|-|-|-|-|-|
|||the real estate title|||
|||certificate or land use|||
|||right certificate) or 30|||
|||years in case of no period|||
|||of title|||
|Kiln|Straight-line method|5|5|19|
|Platinum passage|Straight-line method|3|95.50|1.5|
|Glass flat-panel and other|||||
||Straight-line method|15|5|6.33|
|equipment|||||
|other equipment|Straight-line method|10|5|9.5|
|Transportation|||||
||Straight-line method|5|5|19|
|equipment|||||
|||According to the length|||
|Temporary equipment|Straight-line method||0||
|||of the project|||
|Testing, quality|||||
|inspection, office|Straight-line method|5|5|19|
|equipment, tools and|||||
|other tool|||||
|The platinum channel is mainly made up of precious metals such as platinum and rhodium, which almost has no|||||
|losses. Hence, the channel has a higher rate of net residual value.|||||
|Thereinto, the fixed asset whose asset impairment provision has been withdrawn should also have its accumulated|||||
|amount deducted to count and confirm the depreciation rate.|||||
|When the year of the fixed asset comes to an end, the Company will review its service life, net residual value and|||||
|depreciation method. Should there be any differences between the estimated amount of service life and the|||||
|initially estimated one, adjustment will be made for the service life; Should there be any differences between the|||||
|estimated amount of net residual value and the initially estimated one, adjustment will be made for the estimated|||||
|one.|||||

(3)Cognizance evidence and pricing method of financial leasing fixed assets
Fixed assets from finance lease are depreciated during the useful life if it is reasonable to determine that the ownership could be obtained upon lease expiration; otherwise, the Company chooses the shorter of the lease period and the remaining useful life to depreciate the assets.
||
|-|
|When the year of the fixed asset comes to an end, the Company will review its service life, net residual value and|
|depreciation method. Should there be any differences between the estimated amount of service life and the|
|initially estimated one, adjustment will be made for the service life; Should there be any differences between the|
|estimated amount of net residual value and the initially estimated one, adjustment will be made for the estimated|
|one.|
|(4)Charge for Major Overhaul|
|The Company conducts regular checking on major overhaul fee incurred in the fixed asset, and any parts of the|
|fee that have unambiguous evidence to indicate they conform with the condition for confirming fixed asset will be|
|counted into the fixed asset costs, otherwise into the profit and loss of the current period. During the interval|
|period of regular major overhaul, the fixed asset will be depreciated as before.|

25. Construction in progress
The costs of construction in progress include all necessary project expenditures, the borrowing expenses that should be capitalized before the works reaches the expected usable status and other relevant expenses.
Construction in progress changes to fixed assets when it reaches the expected usable status.
26. Borrowing expenses
Borrowing costs include interest expenses, amortization of discount or premium, auxiliary expenses, exchange differences arising from foreign currency borrowings, etc. Borrowing costs directly attributable to the acquisition,
construction or production of qualifying asset are capitalized when expenditures for such asset and borrowing
costs are incurred and activities relating to the acquisition, construction or production of the asset that are
necessary to prepare the asset for its intended use or sale have commenced. Capitalization of borrowing costs
ceases when the qualifying asset being acquired, constructed or produced becomes ready for its intended use or
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 sale. Other borrowing costs are recognized as an expense in the period in which they are incurred.
Where funds are borrowed under a specific-purpose borrowing, the amount of the capitalized interest is the actual interest expense incurred on that borrowing for the period less any bank interest earned from depositing the borrowed funds before being used on the asset or any investment income on the temporary investment of those funds. Where funds are borrowed under general-purpose borrowings, the Company determines the amount of interest to be capitalized on such borrowings by applying a capitalization rate to the weighted average of the excess of cumulative expenditures on the asset over the amounts of specific-purpose borrowings. The capitalization rate is the weighted average of the interest rates applicable to the general-purpose borrowings. During the capitalization period, exchange differences related to the principal and interest on a specific-purpose borrowing denominated in foreign currency are capitalized as part of the cost of the qualifying asset. The exchange differences related to the principal and interest on foreign currency borrowings other than a specific-purpose borrowing are recognized as a financial expense when incurred.
The qualifying assets to be capitalized are fixed assets, investment properties and inventories which need to be acquired, constructed or produced through a long period of time, in order to become ready for its intended use or sale.
If general borrowings are used to purchase, construct or produce the capitalization eligible assets, the borrowing cost to capitalize is the weighted average of the accumulated assets expenditures in exceed of the special borrowings times the capitalization rate of the used general borrowings, which is determined by the weighted average interest rate of the general borrowings.
27. Biological assets
Not applicable
28. Oil-gas assets
Not applicable
29. Assets of the right to use
Not applicable
30.Intangible assets
1. Valuation Method, Service Life and Impairment Test of Intangible Assets
||
|-|
|The Company makes initial measurements on intangible assets in terms of the costs and determines the useful life|
|when obtaining the assets. For intangible assets of a limited useful life, from the time the assets are available for|
|use, the Company adopts the amortization method that reflects realization of the expected economic benefits, or|
|the straight-line amortization method if unable reliably to determine how to realize the expected economic|
|benefits; and no amortization are made for intangible assets of an unlimited useful life.|
|At the end of each year, the Company reviews the useful life and amortization methods of intangible assets of a|
|limited useful life and makes adjustments and accounting treatment if different from the previous estimates.|
|For the intangible assets that are estimated to produce no more economic benefits in the future, the Company|
|records the Net carrying amount of such assets all in current profit and loss.|
|2. Accounting Policy of Internal Research and Development Expenditure|
|The expenditures for internal research and development projects of an enterprise shall be classified into research|
|expenditures and development expenditures.|
|The research expenditures shall be recorded into the profit or loss for the current period.|
|Development expenses can only be capitalized when the following conditions are satisfied: the technology is|
|feasible for use or sales; there is the intention to use or sell the intangible assets; it can be proven that the product|
|generated by the intangible assets is demanded or the intangible assets in demanded; if the intangible is used|
|internally, it can be proven that it is useful; with necessary technical and financial resources and other resources to|
|complete the development of the intangible assets and the intangible assets can be used or sold; the development|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||
|-|
|expense can be reliably measured. If not, the development expense is accounted into the current gain/loss account.|
|If a research project meets the above-mentioned conditions and passes the technical and economic feasibility study,|
|the project will enter the development stage.|
|31. Impairment of the long-term assets|
|Fixed assets, construction in progress, intangible assets with finite useful lives, investment properties measured|
|using the cost model and long-term equity investments in subsidiaries, joint ventures and associates are tested for|
|impairment if there is any indication that an asset may be impaired at the balance date. If there is an indication that|
|the asset may be impaired, the Company shall estimate the recoverable amount and perform impairment test.|
|Goodwill, intangible assets with indefinite useful life and intangible assets not available for use, shall be tested|
|each year no matter whether there is an indication that the asset may be impaired.|
|If the result of the impairment test indicates that the recoverable amount of the asset is less than its carrying|
|amount, a provision for impairment and an impairment loss are recognized for the amount by which the asset’s|
|carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less|
|costs to sell and the present value of the future cash flows expected to be derived from the asset. Fair value shall|
|be determined as the price as stipulated in the sales agreement in the orderly transaction. Where there is no sales|
|agreement but there is an active market of assets, fair value shall be determined as the quoted price in active|
|market for identical assets or liabilities. Where there is no sales agreement and no active market of assets, fair|
|value shall be estimated according to the best information available. The disposal expenses shall include the|
|relevant legal expenses, relevant taxes, truckage as well as the direct expenses for bringing the assets into a|
|marketable state. The present value of the expected future cash flow of an asset shall be determined by the|
|discounted cash with an appropriate discount rate, on the basis of the expected future cash flow generated during|
|the continuous use or final disposal of an asset. Provision for asset impairment is determined and recognized on|
|the individual asset basis. If it is not possible to estimate the recoverable amount of an individual asset, the|
|recoverable amount of a group of assets to which the asset belongs is determined. A group of assets is the smallest|
|group of assets that is able to generate independent cash inflows.|
|Goodwill that is separately presented in the financial statements is tested at least annually for impairment,|
|irrespective of whether there is any indication that it may be impaired. In conducting the test, the carrying value of|
|goodwill is allocated to the related asset groups or groups of asset groups which are expected to benefit from the|
|synergies of the business combination. If the result of the test indicates that the recoverable amount of an asset|
|group or group of asset groups, including the goodwill allocated, is lower than its carrying amount, the|
|corresponding impairment loss is recognized. The impairment loss is first deducted from the carrying amount of|
|goodwill that is allocated to the asset group or group of asset groups, and then deducted from the carrying|
|amounts of other assets within the asset groups or groups of asset groups in proportion to the carrying amounts of|
|other assets.|
|Once the above asset impairment loss is recognized, it will not be reversed for the value recovered in the|
|subsequent periods.|

||
|-|
|32.Long-term amortizable expenses|
|Long-term unamortized expenses are valued at the actual costs and amortized at average in an estimated beneficial|
|period of time. If those cannot benefit the Company in future accounting periods, the rem|

 33.Constract Liabilities
Not applicable
34Employees’ Remuneration
(1) Accounting methods for short-term compensation
Employee remuneration refers to all kinds of rewards or compensations given in return foremployees’ services or employment termination. It includes short-term compensation, post-employment benefits, demission benefits and other long-term employee benefits as well as the benefits the Company provides toemployees’ spouses, children,
dependents, deceasedemployees’ family and other beneficiaries.
The Company classifies into short-term compensation the employee remuneration that needs to be paid off
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 entirely in the twelve months following the reporting year the employees have provided their services, which excludes those given for employment termination. Short-term compensation includes payroll, bonus, allowances and subsidies, employee welfare, social security expenses including medical insurance, injury insurance and birth insurance, housing fund, labor union and employee training expenditures, short-term paid leaves, short-term profit share plans, non-monetary benefits and other short-term rewards. It recognizes as liabilities the actual short-term compensation incurred during the accounting period that the employees provide their services and records in current profit and loss or the relevant asset costs. Non-monetary benefits are measured at the fair value.
(2) Accounting methods for post-employment benefits
Post-employment benefits are mainly defined contribution plans, which include basic pension, unemployment insurance etc. The corresponding contributions are recorded in the relevant asset costs or current profit and loss when incurred.
(3) Accounting methods for demission benefits
Demission benefits are the compensations paid to terminate employment before expiration or encourage employees to accept lay-off.
(4) Accounting methods for other long-term employee benefits
Other long-term employee benefits are all other employee compensations than short-term compensation, post-employment benefits and demission benefits. They are long-term paid leaves, long-term benefits for the disabled, long-term profit sharing plans etc.
35. Lease liabilities
Not applicable
36. Estimated Liabilities
The Company recognizes as estimated liabilities the obligations that meet the following conditions:
A. Current obligations being undertaken by the Company;
B. Fulfillment of the obligations that lead to cash flow out of the Company;
C. The amount of the obligations that can be measured reliably.
If it is expected that a third party can compensate for all or partial expenditures to pay off the recognized estimated liabilities, the compensation can be recognized separately as assets only when the Company is sure to receive it. The amount to recognize cannot exceed the Net carrying amount of the recognized liabilities.
37. Share-based Payment
(1) Types of Share-based Payment
It is divided into equity-settled share-based payment and cash-settled share-based payment.
(2) Recognition of EquityInstruments’ Fair Value
For the granted equity instruments that there is an active market for, e.g. options, the Company determines the fair value by reference to the quotation prevailing in the active market. For those that there is no active market for, the options pricing model is adopted to determine the fair value.
(3) Recognition Basis for Best Estimates on Exercisable Equity Instruments
On each balance sheet date during the vesting period, the Company makes best estimates based on the latest number changes of its employees and adjusts the quantity of estimated exercisable equity. The final quantity of estimated exercisable equity instruments should be consistent with that of the actual ones on vesting dates.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 38.Preferred shares, perpetual capital securities and other financial instruments
Not applicable
39.Revenues
Whether the company needs to comply with the disclosure requirements of the particular industry
No
Whether implemented new revenue guidelines
□ Yes√ No
Income, is an enterprise formed in daily activities, will lead to an increase in shareholders' equity, the total inflow of capital has nothing to do with the economic interests of the owner of investment. The company involved in inco me, including revenue from selling goods, income of labor ,transferring assets use right and
Construction contract income.
(1) Merchandise sales
||
|-|
|The merchandises will be transferred to the purchaser when they meet with both the major risk and reward of the|
|merchandise ownership; The Company will no longer keep the continuous management right which is usually|
|related to the ownership, and no longer carry out valid control on the merchandises sold; The amount of income|
|can be reliably calculated; Relevant economic interest can inflow; Relevant costs incurred or about to incur can be|
|reliably calculated to confirm the realization of the income of merchandise sales.|

Specific methods for revenue recognition: Companies which are engaged in photoelectric display materials, graphene and electronic communication products, according to the stipulations in the sales contract, will have their revenue recognized after the goods have been delivered to clients and checked and accepted by clients; Those which are engaged in passenger car business, according to the agreement, Confirm the sales revenue when the goods are delivered to the customer and invoiced according to the contract.; Those which are engaged in export sales business will have their revenue recognized when receiving the export certificate(customs declaration).
(2) Services
Service transaction can be estimated reliably, meaning the following conditions are satisfied: amount of revenue c an be measured reliably; the relevant economic benefits are likely to flow into the enterprise; completion of the tra nsaction can be measured reliably; transactions that have occurred and will occur costs can be reliably measured For the services that start and end during the same accounting year, the revenue shall be recognized upon completion; if the services end in a different accounting year and the service transaction results can be measured reliably, the Company adopts the completion percentage method to recognize the revenue on balance sheet dates; if not measurable reliably, the Company recognizes the revenue at the amount of the service costs that are incurred and can be compensated expectedly; otherwise, the service costs incurred are recognized as current expenses. The Company adopts the following methods to determine the completion progress of service transactions:①measurement of the completed jobs;②the proportion of the completed services to all;③the proportion of the costs incurred to the total.
The company provides services at the balance sheet date, the transaction can not be reliably estimated, it shall be t reated as follows: the costs incurred are expected to be compensated, according to the amount of labor costs that h ave occurred service revenue is recognized, and the same amount knot turn labor costs; the costs incurred are not e xpected to be compensated, labor costs should be recognized in profit or loss has occurred, no service revenue is r ecognized.
Contract or agreement entered into with other companies, including the sale of goods when providing services, the sale of goods and rendering of services can be measured in part to distinguish and separate, should be part of the s ale of goods as sale of goods, the provision of services and as part of the provision of services deal with. Sales of goods and rendering of services can not be distinguished, or can be distinguished but can not be measured separat ely, should be part of the sale of goods and provision of services as part of the total sales of goods.
If property management has provided service, economic interest related to property management service is able to
flow into the enterprise, and costs related to the property management service can be reliably calculated, the
realization of property management income will be confirmed.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 (3) Use Rights of Assets on Alienation
The right of using transferred asset includes lease earning, intermediate business income, interest income and usage fee income.
||
|-|
|When the right of use the transferred asset can, at the same time, conform with the condition that relevant interest|
|income is likely to inflow and the income amount can be reliably calculated, the income of the right of use the|
|transferred asset can be confirmed. The interest income will be counted and confirmed according to the time and|
|actual interest rate of the enterprise’s monetary capital used by others; The charge for use will be counted and|
|confirmed according to charging time and method stipulated in the relevant contracts or agreements.|

(4)Construction Contracts
||
|-|
|Under the situation where the result of contract forming can be reliably estimated, the contract income and|
|contract costs will be confirmed by the contract’s completion percentage on the balance sheet date. The contract’s|
|completion percentage will be confirmed by the proportion that the accumulated contract costs actually incurred|
|occupies the predicted total contract cost|

That the result of construction contract can be reliably estimated refers to that the following can be conformed with at the same time: 1)The total income of contract can be reliably calculated; 2)The economic interest related to the contract has major possibility to flow into the enterprise; 3)The contract costs actually incurred can be clearly distinguished and reliably calculated; 4)The completion progress of contract and the costs which still needs to incurred for completing the contract can be reliably confirmed.
||
|-|
|If the result of construction contract can not be reliably estimated while its costs can be recoverable, the contract|
|income will be confirmed according to the actual contract costs which can be recoverable, and the contract costs|
|will be confirmed the contract fee at its current period; The contract costs which can not be recoverable will be|
|confirmed as not the cost income but the cost fee when the recovery incurs.|

||
|-|
|If the uncertainties that result construction contract to be not reliably estimated no longer exist, the income and fee|
|related to the construction contract will be confirmed according to the completion percentage.|

||
|-|
|If the predicted total contract cost is more than the total contract income, the predicted loss be will confirmed as|
|the current fee.|

||
|-|
|The accumulated cost of the construction contract which has incurred, the accumulated gross profit (loss) has been|
|confirmed, and the payment amount which has been settled will be presented as the net amount after offset in the|
|balance sheet. The part that the sum of the accumulated cost incurred and the accumulated gross profit (loss)|
|confirmed more than the payment amount settled will be presented as the one which has been completed but yet to|
|be settled.The part, where the sum that the payment amount settled of the construction contract is more than the|
|accumulated cost incurred and the accumulated gross profit (loss) confirmed, will be presented as the one which|
|has been settled but yet to be completed.|

40.Governmental subsidy
(1)Basis and accounting methods for assets related government subsidies
Government subsidy means the Company gratuitously obtains monetary assets or non-monetary assets from the government, not including the capital into which the government invests as a investor who has relevant ownership interest. Government subsidies are divided into the subsidy related to assets and the other related to earnings. Government subsidies related to monetary assets will be measured according to the amount received or the amount receivable. Those which related to non-monetary assets will be measured according to fair value; For any fair value which can not be reliable to be obtained, the assets will be measured according to the nominal amount, and the one measured according to the nominal amount will be directly counted into the current profits and losses.
The government grants pertinent to assets are recognized as deferred income and are credited to profit or loss by
stages in accordance with a reasonable and systematic method within the useful life of the pertinent assets. If the
pertinent assets are sold, transferred, scrapped or destroyed before the end of their useful life, the non-allocated
pertinent deferred income balance shall be transferred to the profit or loss of the period of assets disposal, and the
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 recognized government grant needs to be refunded, then it shall write down the carrying amount of the relevant deferred income and the excess part shall be included in the current profit and loss.
2. Judgment Basis and Accounting Treatment Method of Government subsidy related to Income
The government grants pertinent to income that are used to compensate the relevant costs or losses of the subsequent period of the enterprise are recognized as deferred income and are credited to the current profit or loss for the period when the relevant costs, expenses or losses are recognized; those government grants used for compensating the related expenses or losses incurred to the enterprise shall be directly included in the current profits and losses.
For the government subsidy which includes both the assets related part and the income related part, the different parts are treated separately; if it is difficult to distinguish, the whole is classified as the government subsidy related to the income.
Government subsidies related to the daily activities of the company shall be included in other earnings in accordance with the substance of the economic business. Government subsidies not related to the daily activities of the company shall be included in the non-operating income and expenditure.
41. Deferred income tax assets/Deferred income tax liability
The balance between the Net carrying amount and the tax basis of some items of assets and liabilities, as well as the temporary differences issued as the balance between the Net carrying amount and the tax basis of the tax basis items that unrecognized as assets and liabilities but can be determined as per the provisions of tax law, which shall be determined as the deferred income tax assets and the deferred income tax liabilities in accordance with the balance sheet debt law.
Taxable temporary differences related to the initial recognition of goodwill, as well as the initial recognition of an asset or liability in a transaction that neither belongs to a business consolidation, nor affects the accounting profit and taxable income (or deductible loss) when it happens, the relevant deferred income tax liabilities shall not be recognized. In addition, as for taxable temporary differences associated with investments in subsidiaries, associates and joint ventures, if the Company could control the reverse time of such differences and such differences cannot be reversed in the foreseeable future, the relevant deferred income tax liabilities also shall not be recognized. Apart from the above-mentioned exceptional cases, the Company recognizes all other deferred income tax liabilities caused by taxable temporary differences.
Deductible temporary differences related to the initial recognition of an asset or liability in a transaction that neither belongs to a business consolidation, nor affects the accounting profit and taxable income (or deductible loss) when it happens, the relevant deferred income tax assets shall not be recognized. In addition, as for deductible temporary differences associated with investments in subsidiaries, associates and joint ventures, if such differences cannot be reversed in the foreseeable future or are not likely to obtain the taxable income to deduct the deductible temporary differences of the taxable income, the relevant deferred income tax liabilities shall not be recognized. Apart from the above-mentioned exceptional cases, the Company recognizes other deferred income tax liabilities caused by deductible temporary differences within the limit of likely obtained taxable income that can be used to deduct the deductible temporary differences of the taxable income.
The corresponding deferred tax assets of deductible loss and tax reduction that can be carried forward during subsequent years shall be recognized within the limit of likely obtained future taxable income that can be used to deduct the deductible loss and tax reduction.
As per the provisions of tax law, the deferred income tax assets and deferred income tax liabilities shall be measured at the applicable tax rates used during the period of expectation recovery of relevant assets or pay-off relevant liabilities at the balance sheet date.
The Net carrying amount of the deferred income tax assets shall be re-checked at the balance sheet date. The Net carrying amount of the deferred income tax assets shall be written-down if it is unlikely to obtain sufficient taxable income in the future to deduct the benefit of the deferred tax assets and the written-down amount shall be carried forward if it is likely to obtain sufficient taxable income.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 42.Operational leasing
（1）Accounting of operational leasing
The Company will transfer substantially all the risks and rewards of ownership of an asset lease is recognized as a finance lease. Other forms of lease besides financial leasing are considered as operating leasing.
Lease payments under an operating lease shall be accounted into the relevant asset cost or current profit or loss over the lease term on a straight-line basis.
(2) Accounting Method for Financing Leases
At the commencement of the lease term, an amount equal to the lower of the fair value of the leased asset and the present value of the minimum lease payments shall be regarded as the recorded value of the leased assets and an amount equal to the minimum lease payments shall be recognized as a long-term recorded value of the leased assets of payables. The balance between the recorded amount of the leased asset and the recorded amount of the payable shall be accounted for as unrecognized finance charge.
43. Other significant accounting policies and estimates
（1）Discontinued Operation
①Discontinued operation means enterprises which can meet one of the following conditions and can be distinguished into a constituent part separately, and this part has been disposed or divided into a on-sales category.②This part is a one of the related parts which proposes to dispose an independent main business or an independent main business area.
③This part is a subsidiary acquired from being specifically for reselling.
For accounting treatment methods for discontinued operation, see the relevant descriptions at Article 13- Possession of On-Sales Asset in Note III
(2) Share Repurchase
Share repurchase refers to the behavior of repurchasing a certain sum of Company's outstanding stocks from the stock market by cash and other methods; and the behavior that the incentive objects of restricted stocks fail to submit a written application to the Board in the prescribed period shall be deemed as voluntarily give up the unlocking, the corresponding restricted stocks shall no longer be unlocked and shall be logged out after the repurchase at the awarded price by the Company. If any period fails to meet the unlocking conditions within the unlocking period, the restricted stock with the unlocking application qualification in the current period cannot be unlocked and shall be logged out after the repurchase by the Company.
Upon the legal procedures and reporting approval and through repurchasing theCompany’s stocks, theCompany’s reduction of capital is conducted according to the total nominal value of written-off stocks. The part of price paid to stock repurchase (including transaction expenses) that excesses the total nominal amount shall offset the capital reserve (share premium), earned surplus and undistributed profits in sequence; The part of price paid to stock repurchase (including transaction expenses) that less than the total nominal amount shall increase the capital reserve (share premium).
44.Change of main accounting policies and estimations
(1)Change of main accounting policies
√ Applicable□ Not applicable
||||
|-|-|-|
|Contents and causes for changes of|||
||Approval procedures|Remarks|
|accounting policy|||
|On April 30, 2019, the Ministry of Finance|||
||The company will hold the 3rd meeting of||
|issued the Notice on Revising and Issuing|||
||Ninth board meeting and the 2nd meeing||
|the Format of Financial Statements for|||
||of ninth meeing board of supervisors on||
|General Enterprises in 2019 (CK [2019]|||
||August 30,2019 to review and approve the||
|No.6), which revised the format of|||
||Notices on the change of accounting||
|financial statements for general enterprises|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||
|-|-|
|and is applicable to the interim financial|policy.|
|statements and annual financial statements||
|for non-financial enterprises in 2019 and||
|the financial statements for subsequent||
|periods that implement the Accounting||
|Standards for Enterprises.||
|On March 31, 2017, the Ministry of||
|Finance issued revised Accounting||
|Standards for Business Enterprises||
|No.22-Recognition and Measurement of||
|Financial Instruments (CK [2017] No.7),||
|Accounting Standards for Business||
|Enterprises No.23-Transfer of Financial||
|Assets (CK [2017] No.8) and Accounting||
|Standards for Business Enterprises||
|No.24-Hedge Accounting (CK [2017]|The company will hold the 3rd meeting of|
|No.9). The revised Accounting Standards||
||Ninth board meeting and the 2nd meeing|
|for Business Enterprises||
||of ninth meeing board of supervisors on|
|No.37-Presentation of Financial|August 30,2019 to review and approve the|
|Instruments (CK [2017] No.14)||
||Notices on the change of accounting|
|(collectively referred to as "New Financial||
||policy.|
|Instrument Standards") was issued on May||
|2, 2017, requiring domestic listed||
|enterprises to implement it from January 1,||
|2019. The revised Accounting Standards||
|for Business Enterprises No.7-Exchange of||
|Non-monetary Assets (CK [2019] No.8) is||
|implemented on June 10, 2019, and the||
|revised Accounting Standards for Business||
|Enterprises No.12-Debt Restructuring (CK||
|[2019] No.9) is implemented on June 17,||
|2019.||

Accounting policy changes arising from the implementation of the new accounting standards for business enterprises
On April 30, 2019,The Ministry of Finance issued the Notice on Amending the Format of Financial Statements of General Enterprises in 2019 (CK No.[2019] 6.)
The impact of the company's implementation of this accounting policy on the items and amounts presented in the previous financial statements is asfollows：
|||
|-|-|
|Name of affected item in thestatements|Affected amount of December 31, 2018 / 2018Increase + / decrease - -|
|Notes receivable|+499,781,503.17|
|Account receivable|+14,352,781,895.39|
|Notes receivable & accountreceivable|-14,852,563,398.56|
|Notes payable|+1,643,167,026.68|
|Account payable|+8,632,927,106.20|
|Notes payable & Accountpayable|-10,276,094,132.88|

(2) Change of main accounting estimations
□Applicable√ Not applicable
（3）Adjustments to the Financial Statements at the Beginning of the First Execution Year of any New Standards Governing Financial Instruments, Revenue or Leases
√ Applicable□ Not applicable
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Consolidated balance sheet
In RMB
|||||
|-|-|-|-|
|Items|December 31, 2018|January 1, 2019|Adjustment amount|
|Current asset：||||
|Cash and bank balances|19,807,094,397.16|19,807,094,397.16||
|Settlement provision||||
|Outgoing call loan||||
|Transactional financial assets||||
|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|1,125,991,020.55|||
|||1,125,991,020.55||
|receivable||||
|Including：Interest|56,811,961.67|||
|||56,811,961.67||
|receivable||||
|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|243,158,605.30|||
||||-243,158,605.30|
|financial 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 Semi-annual Report 2019
|||||
|-|-|-|-|
|investment||||
|Other non-current financial||||
|||243,158,605.30|243,158,605.30|
|assets||||
|Property investment|686,993,881.02|686,993,881.02||
|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||
|Other non-current asset|4,463,496,966.82|4,463,496,966.82||
|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||
|Selling of repurchased||||
|financial assets||||
|Deposit taking and||||
|interbank deposit||||
|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|2,089,603,676.60|||
|||2,089,603,676.60||
|payable||||
|Including：Interest|117,554,951.58|||
|||117,554,951.58||
|payable||||
|Dividend||||
|payable||||
|Fees and commissions||||
|payable||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Reinsurance fee payable|||
|Contract Liabilities|||
|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|2,644,309,592.95||
|||2,644,309,592.95|
|payable|||
|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|55,192,983.97||
|||55,192,983.97|
|liability|||
|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|
|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|||

Notes
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
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 (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.
Balance sheet of Parent Company
In RMB
|||||
|-|-|-|-|
|Items|December 31, 2018|January 1, 2019|Adjustment amount|
|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||||
|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|7,521,489.86|||
|||7,521,489.86||
|receivable||||
|Dividend|500,000,000.00|||
|||500,000,000.00||
|receivable||||
|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|129,500,056.00|||
||||-129,500,056.00|
|financial 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||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Construction in|||
|progress|||
|Production physical|||
|assets|||
|Oil & gas assets|||
|Use right assets|||
|Intangible assets|9,339,387.26|9,339,387.26|
|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|3,656,725,253.66||
|||3,656,725,253.66|
|payable|||
|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|||
|Sustainable debt|||
|Lease liability|||
|Long-term payable|||
|Long-term remuneration|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|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|||

Notes
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.
（4）Retrospective Restatement of Previous Comparative Data due to the First Execution of any New Standards Governing Financial Instruments or Leases
√ Applicable□Not applicable
From January 1, 2019, the company starts to implement the new financial instrument standards. This accounting policy change does not involve retrospective adjustment of previous years and does not affect the company's relevant financial indicators in 2018.
45.Other
1. Income tax
Income tax is composed of current income tax and deferred income tax. All taxes and expenses are written in current profit and loss except those for reputation adjustment in enterprise combination or trades directly counted intoshareholder’s equity or some deferred income tax which is counted inshareholder’s equity.
Current income tax is payable tax amount currently calculated as current taxable income. Payable tax amount is
calculated by adjusting pre-tax accounting profit specified in related tax laws.
The company confirms deferred income tax by adopting liability method in Balance Sheet based on the temporary
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 difference between Net carrying amount of asset and liability in Balance Sheet and tax base.
Temporary difference of items of payable taxes are confirmed to be related deferred income tax liabilities, except the temporary difference of payable taxes are made in the following conditions:
A. Initial confirmation of reputation or that of assets or liabilities made in trades with these features: the trade is not enterprise combination and it neither influences accounting profit nor amount of payable tax when it happens. B. As for temporary difference of items of payable taxes related to investment to subsidiaries, joint enterprises and associated enterprises. The temporary difference return time may be controlled and may not return in foreseeable future.
On the date of balance sheet , the company will calculate deferred income tax assets and deferred income tax liabilities according to applicable tax between expected recovered assets and paid liabilities, and also the company will reflect the income tax influence in ways of expected recovered assets and paid liabilities on the date of balance sheet.
On the date of balance sheet, the company will check the Net carrying amount of the deferred income tax assets. If it was unlikely to obtain sufficient taxable income taxes to offset benefit of deferred income tax assets, while it was likely to obtain sufficient taxable income, carrying amount of deferred income tax assets shall be written down.
2. Safety production expenses
The company counts and draws safety production expenses specified in Notification on Printing and Distributing and Administrative Measures on Drawing and UsingEnterprise’s Safety Production Expenses issued by Ministry of Finance and State Administration of Work Safety. Safety production expenses is specialized in improving safe production.
Safety production expense is counted into relatedproduct’s cost or current profit and loss. At the same time, it is also counted into specialized reserve. In case the safety production expense to be delivered is used in expense, we directly consume specialized reserve. In case safety production expense to be delivered belongs to fixed asset and is spent in construction in-process, confirm it as fixed asset when the project is completed safely and is ready to put into use. Meantime, consume specialized reserve as the cost forming into fixed asset and confirm it as equivalent accumulated depreciation.
3. Judgement and Estimation for Significant Accounting
During the process of applying accounting policies, due to to inherent uncertainties in business activities, the Company requires judgement, estimation and assumption for the Net carrying amount of the report items which can not be measured accurately. Such judgement, estimation and assumption is made basing on the previous experience of theCompany’s management as well as the consideration of other relevant factors. And the reported amount of revenue, cost and asset, as well as the disclosure of balance sheet date and the liability will be influenced by such judgement, estimation and assumption; However, there may be differences between the actual result caused by the uncertainties of such estimation and the current estimation of theCompany’s management, thereby significant adjustment will be made for the assets influenced in the coming future and the indebted Net carrying amount.
The Company will periodically recheck the above-mentioned judgement, estimation and assumption based on going concern. The changes of accounting estimation only influence those which are influenced at the current period, and of which the influence number will be confirmed at that current period; For those changes which have influence both at the current period and the future period, the influence number of them will be confirmed at that current period and the future period.
On balance sheet date, the significant fields where the Company needs to make judgement, estimation and assumption for the financial statement items will be as follows:
(1)Revenue Recognition-Construction Contract
When the result of construction contract can be estimated reliably, the Company will confirm the contract revenue on balance sheet date by adopting Percentage of Completion Method. The percentage of completion will be confirmed according to Article 26-Revenue Recognition Principle in Note III and it will be totalized in each accounting year of executing this contribution contract.
Significant judgement needs to be made when confirming the percentage of completion, the contract cost occurred, the total predicted revenue of the contract and total cost of the contract, as well as the recoverability of the
contract. The project management will make judgement mainly by means of previous experience and work. The
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 total predicted revenue and total cost of the contract, as well as the estimation changes of contract execution result will probably have effect on the operation revenue, the operation cost at the current changing period or at the subsequent period, as well as the profits and losses during that period, and significant influence is likely to be formed due to the above-mentioned changes.
(2) Provision for bad debts
The Company uses the allowance method to account for bad debt losses in accordance with the accounting policy for accounts receivable. Impairment of accounts receivable is based on the assessment of the recoverability of accounts receivable. The identification of impairment of accounts receivable requires management's judgment and estimation. The difference between the actual result and the original estimate will affect the Net carrying amount of accounts receivable and the provision or reversal of bad debt provision for accounts receivable during the period in which the estimate is changed.
(3) Inventory falling price preparation
According to the inventory accounting policy, the Company measures the lower of cost and net realizable value, and makes provision for inventory devaluation for inventory whose cost exceeds net realizable value, obsolete and unsalable. The depreciation of inventories to net realizable value is based on the assessment of the saleability of inventories and their net realizable value. Identification of impairment of inventories requires management to make judgments and estimates on the basis of obtaining conclusive evidence and considering the purpose of holding the inventory and the influence of events after the balance sheet date. The difference between the actual result and the original estimate will affect the Net carrying amount of inventory and provision or reversal of inventory depreciation provision during the period in which the estimate is changed.
(4) Depreciation and amortization
After considering the salvage value of investment real estate, fixed assets and intangible assets, the company shall accrue depreciation and amortization on a straight-line basis over its useful life. The Company regularly reviews the service life to determine the amount of depreciation and amortization expenses to be included in each reporting period. The service life is determined by the Company based on past experience of similar assets and combined with expected technical updates. If there has been a significant change in previous estimates, the depreciation and amortization expense will be adjusted in the future period.
(5) Deferred income tax assets
Insofar as it is highly probable that there will be sufficient taxable profits to offset losses, the company will recognize deferred income tax assets for all unused tax losses. This requires the management of the company to use a large number of judgments to estimate the time and the amount of future taxable profits, and combine the tax planning strategy to determine the amount of deferred income tax assets that should be recognized.
(6) Income tax
In the normal business activities of the company, there are certain uncertainties in the final tax treatment and calculation of some transactions. It requires the approval of the tax authorities on whether some items can be listed as deductible in the profit before tax. If there is a difference between the final recognized result of these taxation matters and the originally estimated amount, the difference will have an impact on the income tax and the deferred income tax of that period with the final recognition being made.
VI. Taxation
1.Main categories and rates of taxes
||||
|-|-|-|
|Taxes|Tax references|Applicable tax rates|
|VAT|Sales revenue|3%,10%,11%,16%,17%|
||Sales of taxable consumer goods or||
|Consumption tax|sales of taxable consumer goods.|Not applicable|
|Urban construction tax|Turnover tax to be paid allowances|5%,7%|
|Enterprises income tax|Taxable income|9%,10%,15%,16.5%,25%|
|VAT|Technical services revenue|6%|
|Educational surtax|Turnover tax to be paid allowances|3%|
|Local education surcharge|Turnover tax to be paid allowances|1%,2%|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 2.Tax Preference
① On September 11, 2018,The Company was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2018.
②On July 20, 2017,Wuhu Tunghsu Optoelectronic Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2017.
③On October 21, 2016,Wuhu Tunghsu Optoelectronic Equipment Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2016.
④On November 21, 2016,Shijiazhuang Tunghsu Optoelectronic Equipment Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2016.
⑤On November 29, 2018,Zhengzhou Xufei Optoelectronic Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2018.
⑥On November 21, 2016,Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2016.
⑦On November 30, 2016,Jiangsu Jixing New Material Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2016.
⑧On November 24, 2016,Shanghai Tanyuan Huigu New Material Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2016.
⑨On December 1, 2016,Mingshuo(Beijing) Electric Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2016.
⑩On October 25, 2017,Beijing Xutan New Material Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2017.
⑪On November 17, 2017,Suzhou Tengda Optical Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2017.
⑫On December 8, 2016,Sichuan Xuhong Optoelectronic Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2016.
⑬On November 24, 2016,Shanghai Sunlong Bus Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2016.
⑭On December 8, 2016,Chengdu Tunghsu Intelligence Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2016.
||
|-|
|⑮Daosui Group Tibet Construction Development Co., Ltd, based on the “Notice of the People's Government of|
|Tibet Autonomous Region on Issuing the Measures for the Implementation of Enterprise Income Tax Policy of|
|Tibet Autonomous Region” (Zangzhengfa [2014] No. 51) policy, enjoys the corporate income tax at the rate of|
|15% for the strategy of developing the western region and is exempted from the 40% tax share that originally|
|belongs to the local place, thus actually implementing the income tax rate of 9%.|
|⑯Guangxi Sunlong Automobile Manufacturing Co., Ltd, based on the Guangxi People’s Government’s Circular|
|on the Continuation and Revision of Certain Policies Concerning the Promotion of the Open Development of the|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||
|-|
|Guangxi Beibu Gulf Economic Zone” (Gui Zhengfa [2014] No. 5) policy, enjoys the corporate income tax at the|
|rate of 15% for the strategy of developing the western region and is exempted from the 40% tax share that|
|originally belongs to the local place, thus actually implementing the income tax rate of 9%.|
|⑰Harbin Sunlong New Energy Automobile Sales Co., Ltd, based on the “Notice of Ministry of Finance, State|
|Administration of Taxation on the Relevant Issues Concerning the Preferential Policies for Small-scale,|
|Low-profit Enterprises” (Cai Shui [2011] No. 117) and the 28th clause of “The People's Republic of China|
|Enterprise Income Tax Law”- that the small profit-making enterprise that meets the requirements enjoys a|
|reduction of 20% tax rate on the corporate income tax, actually implements the income tax rate of 10%.|

⑱On October 12, 2018,Tunghsu(Yingkou) Optoelectronic Display Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2018.
⑲On November 12, 2018,Chongqing Jinghuateng Optoelectronic Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2018.
⑳On November 30, 2018,Huzhou Mingshuo Optoelectronic Technology Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2018.
㉑ On November 30, 2018,Jiangsu Tunghsu Yitai Intelligence Equipment Co., Ltd. was rated as the national high-tech enterprise with validity of 3 years. As per the provisions of enterprise income tax law, the Company adopts15% enterprise tax rate applicable for high-tech enterprises for three years since 2018.
3.Other
VII. Notes of consolidated financial statement
1. Cash and Bank Balances
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Cash|3,242,652.56|2,593,055.78|
|Bank deposit|19,052,380,592.27|19,263,011,567.36|
|Other monetary assets|552,537,088.08|541,489,774.02|
|Total|19,608,160,332.91|19,807,094,397.16|
|Including：Total amount deposited|||
||3,087,696.74|2,307,958.14|
|abroad|||

Other note
Note :The amount of restricted cash and bank balances by the end of the period is RMB 4,221,140,438.53. The main types are acceptance bill deposit, time deposit certificate and letter of guarantee deposit.
2. Transactional financial assets
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Financial assets measured at fair value|3,000,000.00||
|through profit or loss|||
|Of which ：|||
|National debt|3,000,000.00||
|Of which ：|||
|Total|3,000,000.00||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Other notes
3.Derivative financial assets
4. Notes receivable
（1）Classification Notes receivable
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Bank acceptance|53,936,785.03|142,810,310.93|
|Trade acceptance|7,257,525.67|356,971,192.24|
|Total|61,194,310.70|499,781,503.17|

 In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Year-end balance|||||Year-beginning balance|||||
||||Provision for bad|||||Provision for bad|||
|Category|Book balance||debts||Net|Book balance||debts||Net|
||||||carrying|||||carrying|
|||Proportio||Proportio|||Proportio||Proportio||
||Amount||Amount||amount|Amount||Amount||amount|
|||n（%）||n（%）|||n（%）||n（%）||
|Of which ：|||||||||||
|Accrual of bad debt|||||||||||
||61,194,3||||61,194,31|499,781,5||||499,781,5|
|provision by||100.00%||0.00%|||100.00%||0.00%||
||10.70||||0.70|03.17||||03.17|
|portfolio|||||||||||
|Of which ：|||||||||||
||53,936,7||||53,936,78|142,810,3||||142,810,3|
|Bank acceptance||88.14%||0.00%|||28.57%||0.00%||
||85.03||||5.03|10.93||||10.93|
||7,257,52||||7,257,525|356,971,1||||356,971,1|
|Trade acceptance||11.86%||0.00%|||71.43%||0.00%||
||5.67||||.67|92.24||||92.24|
||61,194,3||||61,194,31|499,781,5||||499,781,5|
|Total||100.00%||0.00%|||100.00%||0.00%||
||10.70||||0.70|03.17||||03.17|

 Relevant information of the provision for bad debts will be disclosed with reference to the disclosure method of other receivables if the provision for bad debts of bills receivable is accrued according to the general model of expected credit loss:
□ Applicable√ Not applicable
(2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debtprovision：
□ Applicable√ Not applicable
（3）Notes receivable pledged by the Company at the period -end
（4）Notes receivable endorsed or discounted by the Company but not expired on the balance sheet date In RMB
||||
|-|-|-|
|||Amount underecognized as at January|
|Items|Amount derecognized as at June 30,2019||
|||1,2019|
|Bank acceptance|627,570,099.33||
|Total|627,570,099.33||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019（5）There is no notes transferred to accounts receivable because drawer of the notes fails to exited the contract or agreement
（6）The actual write-off of notes receivable for the current period
5. Accounts receivable
(1) Accounts receivable disclosed by category
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Year-end balance|||||Year-beginning balance|||||
|Category|Book balance||Bad debt provision||Net|Book balance||Bad debt provision||Net|
|||Proportio||Proportio|carrying||Proportio||Proportio|carrying|
||Amount||Amount|||Amount||Amount|||
|||n（%）||n（%）|amount||n（%）||n（%）|amount|
|Accrual of bad debt|||||||||||
|provision by single|136,922,||136,922,|||154,637,3||154,637,3|||
|||1.11%||100.00%|||1.06%||100.00%||
|item:|651.00||651.00|||81.31||81.31|||
|Of which ：|||||||||||
|Accounts receivable|||||||||||
|of individually|||||||||||
|withdrawing bad debt|136,922,||136,922,|||154,637,3||154,637,3|||
|||1.11%||100.00%|||1.06%||100.00%||
|provision with|651.00||651.00|||81.31||81.31|||
|significant individual|||||||||||
|amount|||||||||||
|Accrual of bad debt|||||||||||
||12,055,0||||||||||
|provision by|||106,034,||11,948,97|14,450,54||97,758,84||14,352,781,|
||04,373.5|98.88%||0.88%|||98.94%||0.68%||
|portfolio:|||365.92||0,007.58|0,744.24||8.85||895.39|
||0||||||||||
|Of which ：|||||||||||
||8,171,98||106,034,||8,065,948|10,053,76||97,758,84||9,956,005,0|
|Aging portfolio||67.03%||1.31%|||68.84%||0.97%||
||3,020.04||365.92||,654.12|3,897.90||8.85||49.05|
||3,883,02||||3,883,021|4,396,776||||4,396,776,8|
|Other portfolio||31.85%||0.00%|||30.10%||0.00%||
||1,353.46||||,353.46|,846.34||||46.34|
||12,191,9||||11,948,970,007.58||||||
||||242,957,|||14,605,17||252,396,2||14,352,781,|
|Total|27,024.5|100.00%||1.99%|||100.00%||1.73%||
||||016.92|||8,125.55||30.16||895.39|
||0||||||||||

Accrual of bad debt provision by single item:
Accounts receivable of individually withdrawing bad debt provision with significant individual amoun
In RMB
||||||
|-|-|-|-|-|
||Year-end balance||||
|Name|||||
||Account receivable|Provision for bad debts|Proportion%|Reason|
|Inner Mongolia||||Not expected to be|
|Zhunxing Heavy Haul|136,922,651.00|136,922,651.00|100.00%|recovered as a result of|
|Expressway Co., Ltd||||litigation|
|Total|136,922,651.00|136,922,651.00|--|--|

Accrual of bad debt provision by portfolio:Aging portfolio
In RMB
|||||
|-|-|-|-|
||Year-end balance|||
|Name||||
||Account receivable|Provision for bad debts|Proportion%|
|Within 1 year|7,956,250,771.3|7 63,821,064.11|5.00%|
|Including：Within credit period|6,679,829,489.2|1||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
|Within 1 year after credit period|1,276,421,282.16|63,821,064.11|5.00%|
|1-2 years|151,196,081.03|15,119,608.10|10.00%|
|2-3 years|40,372,867.23|12,111,860.17|30.00%|
|3-4 years|17,671,758.75|8,835,879.38|50.00%|
|4-5 years|1,151,958.32|806,370.82|70.00%|
|Over 5years|5,339,583.34|5,339,583.34|100.00%|
|Total|8,171,983,020.04|106,034,365.92|--|

Notes：
Accrual of bad debt provision by portfolio:Other portfolio
In RMB
|||||
|-|-|-|-|
||Year-end balance|||
|Name||||
||Account receivable|Provision for bad debts|Proportion%|
||2,607,988,744.40||0.00%|
|State subsidy. Local subsidy||||
||1,275,032,609.06||0.00%|
|Other portfolio||||
||3,883,021,353.46||--|
|Total||||

Notes：
Accrual of bad debt provision by portfolio:
Relevant information of the provision for bad debts will be disclosed with reference to the disclosure method of other receivables if the provision for bad debts of bills receivable is accrued according to the general model of□Applicable√Not applicable
Disclosure by aging
In RMB
|||
|-|-|
|Aging|Amount in year-end|
|Within 1 year（Including 1 year）|7,956,250,771.37|
|Including :Within credit period|6,679,829,489.21|
|Within 1 year after credit period|1,276,421,282.16|
|1-2 years|151,196,081.03|
|2-3 years|40,372,867.23|
|Over 3 years|24,163,300.41|
|3-4 years|17,671,758.75|
|4-5 years|1,151,958.32|
|Over 5years|5,339,583.34|
|Total|8,171,983,020.04|

 (2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debtprovision：
In RMB
|||||||
|-|-|-|-|-|-|
|||Amount of change in the current period||||
|Category|Opening balance||Reversed or||Closing balance|
|||Accrual||Write-off||
||||collected amount|||
|Accounts receivable|252,396,230.16|49,129,548.56|38,025,481.94|20,543,279.86|242,957,016.92|
|Total|252,396,230.16|49,129,548.56|38,025,481.94|20,543,279.86|242,957,016.92|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019（3）The current accounts receivable written-offs situation
In RMB
|||
|-|-|
|Items|Amount written-offs|
|Accounts receivable written-offs|20,543,279.86|
|Total|20,543,279.86|

 Account receivables actually written-offs during the reportingperiod：
In RMB
|||||||
|-|-|-|-|-|-|
||Nature of account||Reason for written|Verification|Arising form related|
|Name||Amount written-off||||
||receivable||-off|procedures|transactions(Y/N)|
|||||Relevant approval||
|Chunghua Picture|||Unexpected to|||
||Goods|17,714,730.31||procedures have|No|
|tubes Ltd.|||recover|||
|||||been implemented||
|Total|--|17,714,730.31|--|--|--|

Notes:
(4)The ending balance of account receivables owed by the imputation of the top five parties
The total receivable amount of top five closing balances collected by the debtors in the current reporting period is RMB1,183,640,240.01, which accounts for9.71% of the total receivables.
(5)Account receivable which terminate the recognition owning to the transfer of the financial assets
Nil
(6)The amount of the assets and liabilities formed by the transfer and the continues involvement of accounts receivable
Nil
Othernote：
Nil
6. Financing of receivables
Increase or decrease of financing backed by accounts receivable and changes in fair value thereof□ Applicable√ Not applicable
□Applicable√Not applicable
Relevant information of the provision for bad debts will be disclosed with reference to the disclosure method of other receivables if the provision for bad debts of bills receivable is accrued according to the general model of□Applicable√Not applicable
7. Prepayments
（1）Disclosed by aging:
In RMB
||||||
|-|-|-|-|-|
||Amount in year-end||Amount in year- beginning||
|Aging|||||
||Amount|Proportion(%)|Amount|Proportion(%)|
|Within 1 year|4,698,227,254.97|92.89%|4,876,126,216.78|93.49%|
|1-2 years|150,067,570.31|2.97%|146,513,615.36|2.81%|
|2-3 years|144,015,871.16|2.85%|148,601,980.13|2.85%|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||
|-|-|-|-|-|
|Over 3 years|65,720,404.61|1.05%|44,172,407.24|0.85%|
|Total|5,058,031,101.05|--|5,215,414,219.51|--|

|||
|-|-|
||The amount of Prepayment is RMB 218,959,984.38 which is more than one year and of significant|
|amount.|The reason for the non-carry-over is that the settlement conditions have not been met.|

（2）The ending balance of Prepayments owed by the imputation of the top five parties
Note1：As of June 30, 2019, the total amount of the top five companies in advance payments is RMB 1,814,305,700.80 , accounting for35.87% of the total ending balance of prepayments of advance payments.
8. Other accounts receivable
In RMB
||||
|-|-|-|
|Items|Amount in year-end|Amount in year-begin|
|Interest receivable|97,484,985.07|56,811,961.67|
|Other receivable|1,083,335,477.85|1,069,179,058.88|
|Total|1,180,820,462.92|1,125,991,020.55|

（1）Interest receivable
（1）Classification Interest receivable
In RMB
||||
|-|-|-|
|Items|Amount in year-end|Amount in year-begin|
|Fixed deposit|97,484,985.07|56,811,961.67|
|Total|97,484,985.07|56,811,961.67|

（2）Important overdue interest
Othernote：
Nil
3）Bad-debt provision
□ Applicable√ Not applicable
(2).Dividend receivable
1）Significant Dividend receivable aged over 1 year
2）Bad-debt provision
□ Applicable√ Not applicable
（3）Other account receivable
(1) Other accounts receivable disclosed by category
In RMB
||||
|-|-|-|
|Nature|Closing book balance|Opening book balance|
|Current account|281,119,911.18|305,650,872.46|
|Deposit|619,141,141.17|621,344,394.44|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Personal official borrowing|69,050,830.36|59,482,116.20|
|Persona Returnable Insurance|7,298,593.08|5,863,292.04|
|Export tax refunds|248,013.42|1,037,409.54|
|Advance payment|64,665,782.43|55,633,246.16|
|Project fund|61,369,130.44|37,831,545.08|
|Other|5,190,118.23|8,661,286.34|
|Total|1,108,083,520.31|1,095,504,162.26|

2）Bad-debt provision
In RMB
||||||
|-|-|-|-|-|
||Stage 1|Stage 2|Stage 3||
|Bad Debt Reserves|Expected credit losses over|Expected credit loss|Expected credit losses for|Total|
|||over life (no credit|the entire duration (credit||
||the next 12 months||||
|||impairment)|impairment occurred)||
|Balance as at January 1,|||||
||26,325,103.38|||26,325,103.38|
|2019|||||
|Balance as at January 1,|||||
||——|——|——|——|
|2019 in current|||||
|Withdrawn in the current|||||
||844,122.57|||844,122.57|
|period|||||
|Return in the current|||||
||2,421,183.49|||2,421,183.49|
|period|||||
|2 Balance as at June|||||
||24,748,042.46|||24,748,042.46|
|30,2019|||||

Loss provision changes in current period, change in book balance with significant amount
□ Applicable√Not applicable
Disclosure by aging
In RMB
|||
|-|-|
|Aging|Closing balance|
|Within 1 year(Including 1 year）|466,071,151.64|
|Within credit period|425,673,877.39|
|Within 1 year after credit period|40,397,274.25|
|1-2 years|51,003,459.69|
|2-3 years|26,885,298.01|
|Over 3 years|4,759,995.32|
|3-4 years|2,659,687.10|
|4-5 years|431,045.24|
|Over 5 years|1,669,262.98|
|Total|548,719,904.66|

 3) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debtprovision：
In RMB
||||||
|-|-|-|-|-|
|||Amount of change in the current period|||
|Category|Opening balance||Reversed or collected|Closing balance|
|||Accrual|||
||||amount||
|Other account receivable|26,325,103.38|844,122.57|2,421,183.49|24,748,042.46|
|Total|26,325,103.38|844,122.57|2,421,183.49|24,748,042.46|

4) Other Receivables with Actual Verification in the Reporting Period
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 5) Top 5 of the closing balance of the other accounts receivable collected according to the arrears party
In RMB
|||||||
|-|-|-|-|-|-|
|||||Proportion of the||
|Name|Nature|Closing balance|Aging|total year end|Closing balance of|
|||||balance of the|bad debt provision|
|||||accounts receivable||
|Sichuan City||||||
|Construction No.5|||1-2 year:80 million|||
|Infrastructure|Deposit|200,000,000.00|yuan, 2-3 years:120|18.05%||
|Development Co.,|||million yuan|||
|Ltd.||||||
|Chongqing Haolong||||||
|Platinum Industry|Fund transfers|50,163,611.11|Within credit period|1.71%||
|Co., Ltd.||||||
||||Within 1|||
|Chengdu Dingyang|||year:23,904,992.82|||
||Deposit|28,457,837.45||4.53%||
|Technology Co., Ltd.|||Yuan, the rest are 1-2|||
||||years|||
|Tibet transportation||||||
||Deposit|26,872,981.40|2-3 years|2.43%||
|Dept.||||||
|Shandong||||||
|Expressway Global|Deposit|19,000,000.00|1-2 years|2.57%||
|financial leasing co.,||||||
|Ltd.||||||
|Total|--|324,494,429.96|--|29.28%||

(6) Accounts receivable involved with government subsidies
Nil
(7) Other account receivable which terminate the recognition owning to the transfer of the financial assets Nil
(8) The amount of the assets and liabilities formed by the transfer and the continues involvement of other accounts receivable
Nil
Othernote：
Nil
9.Inventory
Whether implemented new revenue guidelines
□ Yes√No
（1）Category of Inventory
In RMB
||||||||
|-|-|-|-|-|-|-|
||Closing book balance|||Opening book balance|||
|||Provision for|||Provision for||
|Items|||Net carrying|||Net carrying|
||Book balance|inventory||Book balance|inventory||
||||amount|||amount|
|||impairment|||impairment||
|Raw materials|1,717,814,957.85|40,854,718.49|1,676,960,239.36|1,011,195,380.28|39,101,593.48|972,093,786.80|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||
|-|-|-|-|-|-|-|
|Processing|||||||
||168,292,684.88||168,292,684.88|144,788,638.36||144,788,638.36|
|products|||||||
|Stock goods|740,835,189.03|21,859,006.00|718,976,183.03|675,474,531.36|21,859,006.00|653,615,525.36|
|Completed but|||||||
|unsettled assets|||||||
|caused by|1,424,919,491.55||1,424,919,491.55|1,200,764,859.02||1,200,764,859.02|
|construction|||||||
|contract|||||||
|Development|||||||
||317,769,074.78||317,769,074.78|317,769,074.78||317,769,074.78|
|product|||||||
|Commissioned|||||||
|processing|67,539,591.87|435,243.31|67,104,348.56|33,093,172.93|435,243.31|32,657,929.62|
|material|||||||
|Commissioned|||||||
||15,034,723.49||15,034,723.49|6,883,551.21||6,883,551.21|
|materials|||||||
|land arrangement|365,257,217.97||365,257,217.97|182,213,301.70||182,213,301.70|
|Total|4,817,462,931.42|63,148,967.80|4,754,313,963.62|3,572,182,509.64|61,395,842.79|3,510,786,666.85|

 Whether the company is required to comply with the "Shenzhen Stock Exchange Industry Information Disclosure Guidelines No. 4 - listed companies engaged in seed industry, planting business" disclosure requirements
No
(2) Inventory depreciation reserve
In RMB
||||||||
|-|-|-|-|-|-|-|
||Beginning of|Increased in current period||Decreased in current period|||
|Items||||||End of term|
||term|Provision|Other|Transferred back|Other||
|Raw materials|39,101,593.48|3,615,362.28||1,861,754.13|483.14|40,854,718.49|
|Stock goods|21,859,006.00|||||21,859,006.00|
|Commissioned|||||||
|processing|435,243.31|||||435,243.31|
|material|||||||
|Total|61,395,842.79|3,615,362.28||1,861,754.13|483.14|63,148,967.80|

 (3) Explanation on inventories with capitalization of borrowing costs included at ending balance
Nil
(4) Assets unsettled formed by construction contract which has completed at period-end
In RMB
|||
|-|-|
|Items|Amount|
|Accumulated Incurred Cost|8,468,913,099.99|
|Accumulated Confirmed Gross Profit|916,817,995.65|
|Settlement Amount|7,960,811,604.09|
|Unliquidated Completed Assets Formed in the Construction||
||1,424,919,491.55|
|Contract||

Other notes
Nil
10.Contact assets
Relevant information of the provision for bad debts will be disclosed with reference to the disclosure method of
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 other receivables if the provision for bad debts of bills receivable is accrued according to the general model of expected credit loss:
□ Applicable√ Not applicable
11. Holding assets for sale
In RMB
||||||||
|-|-|-|-|-|-|-|
||Ending carrying|Impairment|Ending carrying||Estimated|Estimated|
|Items||||Fair value|||
||amount|provision|value||disposal cost|disposal time|
|Holding assets for||||||December 31,|
||119,355,435.58||119,355,435.58|119,355,435.58|||
|sale||||||2019|
|Total|119,355,435.58||119,355,435.58|119,355,435.58||--|

 Other notes
Notes:Subsidiary-Shenzhen Xuhui Investment Control Co., Ltd. acquires Sub-Subsidiary
Mingshuo (Beijing) Electric Technology Co., Ltd., and the acquisition agreement stipulates that: Mingshuo (Beijin g) Electric Technology Co.,Ltd.’s original subsidiary, Mingshuo (Beijing) Trade Co., Ltd., Huzhou Mingwang Li ghting Technology Co., Ltd., Sold on 31 December 2019.
Pursuant to the agreement of the acquisition of sub-subsidiary company Daosui Group Engineering Co., Ltd.: Daosui Group Engineering Co., Ltd originally held a subsidiary .Sichuan Panxi Liangshan Travel Investment Development Co., Ltd.,Sichuan Panxi Lingshan Travel Investment Huanshun real estate Co., Ltd. Subei Hexing Water Co., Ltd. was stripped after the acquisition, Sold on 31 December 2019.
12. Non-current assets due within 1 year
13. Other current assets
Whether implemented new revenue guidelines
□ Yes√No
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|USD exchange|58,000,000.00|58,000,000.00|
|Prepayment of income tax|734,954,051.81|663,642,694.01|
|Short –term Financing||87,718,084.48|
|Total|792,954,051.81|809,360,778.49|

 Other notes
14.Creditor's rights investment
Loss provision changes in current period, change in book balance with significant amount
□ Applicable√ Not applicable
Other notes
15.Other creditor's rights investment
□ Applicable√ Not applicable
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 16. Long-term accounts receivable
(1) List of long-term accounts receivable
In RMB
|||||||||
|-|-|-|-|-|-|-|-|
||End of term|||Beginning of term||||
|Items||Provision for|Net carrying||Provision for|Net carrying|Range of rate|
||Book balance|||Book balance||||
|||impairment|amount||impairment|amount||
|Sale of||||||||
||583,727,340.3||580,792,364.9|347,225,434.0||344,430,815.6|6%-7.6%、|
|commodities by||2,934,975.39|||2,794,618.37|||
||1||2|5||8|45.78%|
|installment||||||||
||583,727,340.3||580,792,364.92|347,225,434.0||344,430,815.6||
|Total||2,934,975.39|||2,794,618.37||--|
||1|||5||8||

Provision for bad debts
In RMB
||||||
|-|-|-|-|-|
||Stage 1|Stage 2|Stage 3||
|Bad Debt Reserves|Expected credit|Expected credit loss over|Expected credit losses for|Total|
||losses over the next||the entire duration (credit||
|||life (no credit impairment)|||
||12 months||impairment occurred)||
|Balance as at January 1,|||||
||2,794,618.37||||
|2019|||||
|Balance as at January 1,|||||
||——|——|——|——|
|2019 in current|||||
|Withdrawn in the current|||||
||909,253.33||||
|period|||||
|Return in the current|||||
||768,896.31||||
|period|||||
|2 Balance as at June|||||
||2,934,975.39||||
|30,2019|||||

Loss provision changes in current period, change in book balance with significant amount
□ Applicable√ Not applicable
(2) Long-term accounts receivable which terminate the recognition owning to the transfer of the financial assets Nil
(3) The amount of the assets and liabilities formed by the transfer and the continues involvement of long-term accounts receivable
Nil
Other notes
Nil
17. Long-term equity investment
In RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||Increase /decrease||||||||||
|||||Profits|||||||Closingbalance|
|Investees|Opening|Additiona|Decrease|and losseson|Other|Changes|Cashbonus or|Withdrawal of||Closing|of|
||balance|l|in|investmen|comprehe|in other|profits|impairme|Other|balance|impairme|
|||investmen|investmen|ts|nsive|equity|announce|ntprovision|||nt|
|||t|t|Recogniz|income||d to issue||||provision|
|||||ed under||||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
|||the equity||
|||method||
|I. Joint ventures||||
|II. Associates||||
|CUHK||||
|internatio||||
|nal|76,270,93|-1,211,11|75,059,81|
|business|4.28|7.11|7.17|
|factoring||||
|co., Ltd||||
|Tunghsu||||
|Group|2,056,260|16,642,25|2,072,902|
|Finance|,495.74|9.43|,755.17|
|Co., Ltd.||||
|Zibo Bus||||
||41,816,53|2,006,753|43,823,29|
|service||||
||9.20|.47|2.67|
|Co., Ltd.||||
||2,174,347|17,437,89|2,191,785|
|Subtotal||||
||,969.22|5.79|,865.01|
||2,174,347|17,437,89|2,191,785|
|Total||||
||,969.22|5.79|,865.01|

Other notes
18. Other equity instruments investment
19.Other non-current assets
In RMB
||||
|-|-|-|
|Items|End of term|Beginning of term|
|Equity Instrument investment|548,158,605.30|243,158,605.30|
|Total|548,158,605.30|243,158,605.30|

||||||||||
|-|-|-|-|-|-|-|-|-|
||Unit||Book balance||||||
||||Balance of term|I|ncrease||Decrease|End of term|
|Beijing Yihuatong Technology Co., Ltd.||100,000,056.00||||||100,000,056.00|
|Beijing Shenwei Lixing Auto Service Co.,Ltd.||29,500,000.00||||||29,500,000.00|
|Subei Mongolian Autonomous CountyKangrun Water Co., Ltd.||||5,000,000.00||||5,000,000.00|
|Nanning Beichuang Shenxu InvestmentPartnership (Limited Partnership)||||300,000,000.00||||300,000,000.00|
|China Metallurgical investment fundmanagement (Beijing) Co., Ltd.||113,658,549.30||||||113,658,549.30|
||Total|243,158,605.30||305,000,000.00||-||548,158,605.30|

 20. Investment real estate
(1) Investment real estate by cost measurement
√ Applicable□Not applicable
In RMB
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||
|-|-|-|-|-|
|Items|House, Building|Land use right|Construction in process|Total|
|I. Original price|||||
|1. Balance at|||||
||709,683,677.43|||709,683,677.43|
|period-beginning|||||
|2.Increase in the current|||||
||38,880,651.22|4,104,625.69||42,985,276.91|
|period|||||
|(1) Purchase|||||
|（2）Inventory\Fixed|||||
|assets\ Transferred from|38,880,651.22|4,104,625.69||42,985,276.91|
|construction in progress|||||
|(3)Increased of|||||
|Enterprise Combination|||||
|3.Decreased amount of|||||
|the period|||||
|（1）Dispose|||||
|（2）Other out|||||
|4. Balance at period-end|748,564,328.65|4,104,625.69||752,668,954.34|
|II. Accumulated|||||
|amortization|||||
|1.Opening balance|22,689,796.41|||22,689,796.41|
|2.Increased amount of|||||
||17,975,168.49|323,614.70||18,298,783.19|
|the period|||||
|(1) Withdrawal|16,022,855.79|77,337.16||16,100,192.95|
|（2）Inventory\Fixed|||||
|assets\ Transferred from|1,952,312.70|246,277.54||2,198,590.24|
|construction in progress|||||
|3.Decrease in the|||||
|reporting period|||||
|（1）Disposal|||||
|（2）Other out|||||
|4.Closing balance|40,664,964.90|323,614.70||40,988,579.60|
|III. Impairment provision|||||
|1.Opening balance|||||
|2.Increase in the|||||
|reporting period|||||
|（1）Withdrawal|||||
|3.Decrease in|||||
|the reporting period|||||
|（1）Disposal|||||
|（2）Other out|||||
|4. Closing balance|||||
|IV. Net carrying amount|||||
|1.Net carrying amount of||||711,680,374.74|
||707,899,363.75|3,781,010.99|||
|the period-end|||||
|2.Net carrying amount of|686,993,881.02|||686,993,881.02|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||
|-|
|the period-begin|

(2) Investment property adopted fair value measurement mode
□Applicable√ Not applicable
(3) Investment real estate without certificate of ownership
21. Fixed assets
In RMB
||||
|-|-|-|
|Items|End of term|Beginning of term|
|Fixed assets|9,043,235,757.53|9,634,463,323.77|
|Total|9,043,235,757.53|9,634,463,323.77|

 (1) List of fixed assets
In RMB
|||||||
|-|-|-|-|-|-|
|||Machinery||||
|Items|House, building||Transportations|Other equipment|Total|
|||equipment||||
|I. Original price||||||
|1. Balance at||||||
||2,068,252,492.76|10,264,334,339.83|128,892,479.59|194,478,979.06|12,655,958,291.24|
|period-beginning||||||
|2.Increase in the||||||
||54,863,365.67|1,202,257,608.24|1,607,700.67|11,388,984.12|1,270,117,658.70|
|current period||||||
|(1) Purchase|5,108,402.78|180,112,090.38|1,607,700.67|6,512,309.88|193,340,503.71|
|（2）||||||
|Transferred from con|49,754,962.89|1,022,145,517.86||4,876,674.24|1,076,777,154.99|
|struction in progress||||||
|(3)Increased of||||||
|Enterprise||||||
|Combination||||||
|3.Decreased amount||||||
||38,880,651.22|1,917,567,756.12|445,192.62|3,120,542.01|1,960,014,141.97|
|of the period||||||
|（1）Disposal||82,051.63|445,192.62|3,076,721.71|3,603,965.96|
|（2）Investment||||||
||38,880,651.22||||38,880,651.22|
|real estate transfer||||||
|（3）Transfer of||||||
|project under||1,917,485,704.49||43,820.30|1,917,529,524.79|
|construction||||||
|4.Closing balance|2,084,235,207.21|9,549,024,191.95|130,054,987.64|202,747,421.17|11,966,061,807.97|
|II. Accumulated||||||
|depreciation||||||
|1.Opening balance|456,920,009.10|2,401,022,691.63|70,340,795.65|92,619,086.25|3,020,902,582.63|
|2.Increased||||||
|amount of the|35,262,359.23|351,365,932.03|6,477,375.32|10,336,884.13|403,442,550.71|
|period||||||
|（1）Withdrawal|35,262,359.23|351,365,932.03|6,477,375.32|10,336,884.13|403,442,550.71|
|3.Decreased||||||
||1,952,312.70|498,384,857.33|405,203.84|1,369,093.87|502,111,467.74|
|amount of the||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||
|-|-|-|-|-|-|
|period||||||
|（1）Disposal or||||||
|||2,275,989.67|405,203.84|1,369,093.87|4,050,287.38|
|scrap||||||
|（2）Investment real||||||
||1,952,312.70||||1,952,312.70|
|estate transfer||||||
|（3）||||||
|Transferred from con||496,108,867.66|||496,108,867.66|
|struction in progress||||||
|4.Closing balance|490,230,055.63|2,254,003,766.33|76,412,967.13|101,586,876.51|2,922,233,665.60|
|III. Impairment||||||
|provision||||||
|1.Opening balance||36,444.84|555,940.00||592,384.84|
|2.Increase in the||||||
|reporting period||||||
|（1）Withdrawal||||||
|3.Decrease in||||||
|the reporting period||||||
|（1）Disposal||||||
|4. Closing balance||36,444.84|555,940.00||592,384.84|
|IV. Net carrying||||||
|amount||||||
|1.Net carrying||||||
|amount of the|1,594,005,151.58|7,294,983,980.78|53,086,080.51|101,160,544.66|9,043,235,757.53|
|period-end||||||
|2.Net carrying||||||
|amount of the|1,611,332,483.66|7,863,275,203.36|57,995,743.94|101,859,892.81|9,634,463,323.77|
|period-begin||||||

(2) Fixed assets temporarily idled
(3) Fixed assets rented by finance leases
In RMB
||||||
|-|-|-|-|-|
||Original Net carrying|Accumulated|||
|Items|||Provision for impairment|Net carrying amount|
||amount|depreciation|||
|Wuhu Tunghsu|||||
|Optoelectronic|1,438,000,000.00|475,370,628.44||962,629,371.56|
|Technology Co., Ltd.|||||

(4) Fixed assets leased in the operating leases
(5) Fixed assets without certificate of title completed
（6）Liquidation of fixed assets
Other notes
Notes 1.For details of restrictions on the use of end-of-term ownership, please refer to Note 81 of Consolidated
Financial Statements.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 22. Project under construction
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Project under construction|5,511,187,961.75|5,013,940,816.82|
|Engineering Materials||1,163.79|
|Total|5,511,187,961.75|5,013,941,980.61|

 (1)Project under construction
In RMB
||||||||
|-|-|-|-|-|-|-|
||Year-end balance|||Year-beginning balance|||
|Items|Book balance|Provision for|Net carrying|Book balance|Provision for|Net carrying|
|||devaluation|amount||devaluation|amount|
|Wuhu LCD glass|||||||
|substrate|2,270,829,930.27||2,270,829,930.27|2,258,254,792.65||2,258,254,792.65|
|production line|||||||
|project|||||||
|Wuhan LCD|||||||
|glass substrate||||14,645,209.52|14,645,209.52||
|production line|||||||
|project|||||||
|Kunshan Color|||||||
||651,235,159.65||651,235,159.65|617,456,517.49||617,456,517.49|
|film project|||||||
|Surface display|||||||
||151,484,912.58||151,484,912.58|125,655,703.76||125,655,703.76|
|cover glass|||||||
|High aluminum|||||||
|silicon cover|||||||
|glass sheet||||1,003,879,240.41||1,003,879,240.41|
|production line|||||||
|upgrade project|||||||
|New energy bus|||||||
|and logistics|||||||
|vehicle|148,790,705.98||148,790,705.98|147,947,403.38||147,947,403.38|
|production|||||||
|project|||||||
|Yingkou(G5)|||||||
|TFT-LCD|||||||
|-LCD Glass|583,439,179.40||583,439,179.40|570,129,313.14||570,129,313.14|
|substrate|||||||
|production line|||||||
|Xufei LCD glass|||||||
|substrate|1,180,282,639.89||1,180,282,639.89||||
|production line|||||||
|Other|525,125,433.98||525,125,433.98|290,617,845.99||290,617,845.99|
|Total|5,511,187,961.75||5,511,187,961.75|5,028,586,026.34|14,645,209.52|5,013,940,816.82|

 (2)Changes of significant construction in progress
In RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||Amount||||||||Including：|||
||||||||||Capitaliz||||
|||||Transferr|||||ation of|Currentamountofcapitaliz r|Capitaliz||
|Name|Budget|at yearbeginnin|Increaseat this|ed to|Other|Balancein|Proporti|Progress|interest||ation of|Source|
|||||fixed|decrease||on(%)|of work|accumul||interest|of funds|
|||g|period|assets||year-end|||ated||atio（%)||
||||||||||balance|ation ofinterest|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|Wuhu|||||||||||
|LCD|||||||||||
|glass|7,576,52|2,258,25|61,261,9|48,686,7|2,270,82|||834,365,|34,068,0|IPO|
|substrate||||||97.47%|97.47%||||
||0,000.00|4,792.65|18.69|81.07|9,930.27|||677.14|08.82|funds|
|producti|||||||||||
|on line|||||||||||
|project|||||||||||
|Kunshan|||||||||||
|Color|3,115,50|617,456,|33,778,6||651,235,|22.38%|22.38%|||IPO|
|film|0,000.00|517.49|42.16||159.65|||||funds|
|project|||||||||||
|Surface|||||||||||
|display|1,497,38|125,655,|25,829,2||151,484,|13.87%|13.87%|13,700,5||IPO|
|cover|0,000.00|703.76|08.82||912.58|||87.69||funds|
|glass|||||||||||
|High|||||||||||
|aluminu|||||||||||
|m silicon|||||||||||
|cover|||||||||||
|glass|1,300,00|1,003,87|12,617,7|1,016,49|0.00|86.41%|100%|||IPO|
|sheet|0,000.00|9,240.41|22.65|6,963.06||||||funds|
|producti|||||||||||
|on line|||||||||||
|upgrade|||||||||||
|project|||||||||||
|New|||||||||||
|energy|||||||||||
|bus and|||||||||||
|logistics|2,955,07|147,947,|843,302.||148,790,|||||IPO|
|||||||10.24%|10.24%||||
|vehicle|4,600.00|403.38|60||705.98|||||funds|
|producti|||||||||||
|on|||||||||||
|project|||||||||||
|Yingkou|||||||||||
|(G5)|||||||||||
|TFT-LC|||||||||||
|D|||||||||||
||981,050,|570,129,|17,147,2|3,837,41|583,439,|||67,799,5|11,097,0||
|-LCD||||||110.92%|95.00%|||Other|
||000.00|313.14|85.03|8.77|179.40|||98.58|41.67||
|Glass|||||||||||
|substrate|||||||||||
|producti|||||||||||
|on line|||||||||||
|Xufei|||||||||||
|LCD|||||||||||
|glass|1,571,26||1,180,28||1,180,28|85.00%|85.00%|||Other|
|substrate|0,000.00||2,639.89||2,639.89||||||
|producti|||||||||||
|on line|||||||||||
||18,996,7||||||||||
|||4,723,32|1,331,76|1,069,02|4,986,06|||915,865,|45,165,0||
|Total|84,600.0|||||--|--|||--|
|||2,970.83|0,719.84|1,162.90|2,527.77|||863.41|50.49||
||0||||||||||

（3）Impairment provision of construction projects
In RMB
||||||||
|-|-|-|-|-|-|-|
|Items|Balance in year-end|||Balance Year-beginning|||
||Book balance|Provision for|Net carrying|Book balance|Provision for|Net carrying|
|||devaluation|amount||devaluation|amount|
|Special Material||||1,163.79||1,163.79|
|Total||||1,163.79||1,163.79|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Other notes
Note 1: For details of the mortgage at the end of the construction in progress, see Note 81 of the consolidated financial statements.
23. Productive biological assets
(1) Measured by cost
□ Applicable√ Not applicable
(2) Measured by fair value
□ Applicable√ Not applicable
24. Oil-and-gas assets
□ Applicable√ Not applicable
25.Right-to-use assets
Not applicable
26. Intangible assets
(1) Information
In RMB
|||||||||
|-|-|-|-|-|-|-|-|
||||Non patent||Right of trade|||
|Items|Land use right|Patent right||Software||Other|Total|
||||technology||mark|||
|I. Original price||||||||
|1. Balance at||||||||
||1,027,354,753||||||1,389,853,558.|
|period-beginnin||90,240,410.62|165,136,282.74|19,937,982.42|87,050,298.13|133,831.06||
||.34||||||31|
|g||||||||
|2.Increase in the||||||||
|||2,160,438.49||5,681,106.14||763,846.46|8,605,391.09|
|current period||||||||
|(1) Purchase||||2,641,114.83||763,846.46|3,404,961.29|
|（2）Internal R||||||||
|||2,160,438.49||3,039,991.31|||5,200,429.80|
|& D||||||||
|（3）Increased||||||||
|of Enterprise||||||||
|Combination||||||||
|(4)Investor||||||||
|investment||||||||
|3.Decreased||||||||
|amount of the|4,104,625.69||14,445,166.67|13,600.00|||18,563,392.36|
|period||||||||
|（1）Disposal||||||||
|(2)Investment||||||||
|real estate|4,104,625.69||||||4,104,625.69|
|transfer||||||||
|(3)Fewer||||||||
||||14,445,166.67|13,600.00|||14,458,766.67|
|mergers||||||||
|4. Balance at|1,023,250,127||||||1,379,895,557.|
|||92,400,849.11|150,691,116.07|25,605,488.56|87,050,298.13|897,677.52||
|period-end|.65||||||04|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||||
|-|-|-|-|-|-|-|-|
|II. Accumulated||||||||
|amortization||||||||
|1. Balance at||||||||
|period-beginnin|97,755,902.56|8,343,772.34|44,556,727.66|5,280,107.78|86,949,675.45|17,627.38|242,903,813.17|
|g||||||||
|2. Increase in||||||||
|the current|11,888,037.37|3,827,498.71|7,052,692.00|1,716,008.46|93,165.63|23,444.47|24,600,846.64|
|period||||||||
|(1) Withdrawal|11,888,037.37|3,827,498.71|7,052,692.00|1,716,008.46|93,165.63|23,444.47|24,600,846.64|
|（2）Increased||||||||
|of Enterprise||||||||
|Combination||||||||
|3.Decreased||||||||
|amount of the|246,277.54||1,444,516.68|13,600.00|||1,704,394.22|
|period||||||||
|（1）Disposal||||||||
|（2）||||||||
|Investment real|246,277.54||||||246,277.54|
|estate transfer||||||||
|（3）||||||||
|Decreased of|||1,444,516.68|13,600.00|||1,458,116.68|
|Enterprise||||||||
|Combination||||||||
|4. Balance at|109,397,662.3|||||||
|||12,171,271.05|50,164,902.98|6,982,516.24|87,042,841.08|41,071.85|265,800,265.59|
|period-end|9|||||||
|III. Impairment||||||||
|provision||||||||
|1. Balance at||||||||
|period-beginnin||||||||
|g||||||||
|2. Increase in||||||||
|the current||||||||
|period||||||||
|(1) Withdrawal||||||||
|3.Decreased||||||||
|amount of the||||||||
|period||||||||
|（1）Disposal||||||||
|4. Balance at||||||||
|period-end||||||||
|IV.Net carrying||||||||
|amount||||||||
|1.Net carrying||||||||
||913,852,465.2||||||1,114,095,291.|
|amount at period||80,229,578.06|100,526,213.09|18,622,972.32|7,457.05|856,605.67||
||6||||||45|
|-end||||||||
|2.Net carrying||||||||
|amount at|929,598,850.7|81,896,638.28|120,579,555.08|14,657,874.64|100,622.68|116,203.68|1,146,949,745.|
|period-beginnin|8||||||14|
|g||||||||
|At the end of this year, the ratio of intangible assets formed through internal R & D of the company to the balance||||||||
|of intangible assets is 0.38||||||||

⑵Details of Land use right failed to accomplish certification of property
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Other notes:
Notis 1:The certificate of property right has been completed by the end of the current period
Notes 2:For details of the ending mortgage of intangible assets, see Note 81 of the consolidated financial statements.
27..Development expenses
In RMB
|||||||
|-|-|-|-|-|-|
||Beginning||||Ending|
|Items||Increase in the period|Decrease in period|||
||balance||||balance|
|EASSupply||||||
||2,236,772.24|803,219.07|3,039,991.31|||
|chain system||||||
|Landscape||||||
|street lamp||||||
||3,815,517.36||||3,815,517.36|
|design||||||
|project||||||
|Development||||||
|of main||||||
|Control||||||
||5,522,571.93||||5,522,571.93|
|system for||||||
|AC charging||||||
|pile||||||
|Research on||||||
|an efficient||||||
||3,903,701.39||||3,903,701.39|
|LED module||||||
|street lamp||||||
|Chinese style||||||
|courtyard|1,663,986.67||||1,663,986.67|
|lamp design||||||
|project||||||
|Vehicle||||||
|charging pile|803,963.60||||803,963.60|
|Project||||||
|Ultrasonic||||||
|heat||1,038,745.23|||1,038,745.23|
|dissipation||||||
|LED lamp||||||
|LED ceiling||||||
|||1,174,301.73|||1,174,301.73|
|lamp||||||
|Research on||||||
|an efficient||2,028,914.41|||2,028,914.41|
|LED module||||||
|street lamp||||||
|Intelligent||||||
|street lamp||1,153,781.02|||1,153,781.02|
|(R & D)||||||
|A kind of||||||
|easy||||||
|unloading||1,271,781.24|||1,271,781.24|
|device for||||||
|Mould||||||
|Application||||||
|of Metal||||||
|Phosphate as||||||
||||||10,496,107.1|
|anode|8,586,538.36|5,084,320.24|2,146,634.59|1,028,116.84||
||||||7|
|material for||||||
|Lithium Ion||||||
|Battery, etc.||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||
|-|-|-|-|-|-|
|flexible cell|1,456,310.68||||1,456,310.68|
|Jingang||||||
||3,361,420.59|||48,577.42|3,312,843.17|
|Robot||||||
|Warehouse||||||
||2,855,282.54|3,243,248.78|||6,098,531.32|
|robot||||||
|Companion||||||
|robot|2,900,641.21|3,284,134.54|||6,184,775.75|
|(desktop)||||||
|Other|15,529.37|662,062.09|13,803.90||663,787.56|
||37,122,235.9|19,744,508.3|||50,589,620.2|
|Total|||5,200,429.80|1,076,694.26||
||4|5|||3|

 Other notes
28. Goodwill
(1) Original Net carrying amount of goodwill
In RMB
||||||
|-|-|-|-|-|
||Beginning|Increase|Decrease||
|Investees/ Item||||Ending balance|
||balance||||
|Mingshuo|||||
|（Beijing）|||||
|Electric|32,783,882.96|||32,783,882.96|
|Technology Co.,|||||
|Ltd.|||||
|Chenzhou|||||
|Hongcheng|||||
|Public Traffic|||||
||10,163,443.61|||10,163,443.61|
|Constriction|||||
|Development|||||
|Co., Ltd.|||||
|Daosui Group|||||
|Engineering Co.,|40,095,298.31|||40,095,298.31|
|Ltd.|||||
|Chuanglian|||||
|Huatai(HK) Co.,|722,450.89|||722,450.89|
|Ltd.|||||
|Suzhou Tengda|||||
|Optics|82,350,192.94|||82,350,192.94|
|Technology Co.,|||||
|Ltd.|||||
|Guangxi Sunlong|||||
|Automobile|||||
||55,664,910.37|||55,664,910.37|
|Manufacturing|||||
|Co., Ltd .|||||
|Shanghai|||||
|Tanyuan Huigu|||||
||33,935,384.57|||33,935,384.57|
|New Material|||||
|Co., Ltd.|||||
|Shanghai|||||
|Sunlong Bus Co.,|2,331,962,577.34|||2,331,962,577.34|
|Ltd.|||||
|Zhongcheng|||||
||133,269,567.62||133,269,567.62||
|Guojian Co., Ltd.|||||
|Shenzhen Sanbao|||||
|Innovation|68,888,405.50|||68,888,405.50|
|Intelligent Co.,|||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
|Ltd.||||
|Huaxi Nanchong||||
|Automobile Co.,|55,999,916.40||55,999,916.40|
|Ltd.||||
|Total|2,845,836,030.51|133,269,567.62|2,712,566,462.89|

（2）Impairment provision of goodwill
In RMB
||||||
|-|-|-|-|-|
|Name of the investees or the|||||
||Opening balance|Increase|Decrease|Closing balance|
|events formed goodwill|||||
|Chenzhou Hongcheng|||||
|Public Traffic Constriction|10,163,443.61|||10,163,443.61|
|Development Co., Ltd.|||||
|Total|10,163,443.61|||10,163,443.61|

 29.Long-term amortization expenses
In RMB
|||||||
|-|-|-|-|-|-|
||Balance in|Increase at this|Amortization|||
|Items||||Other decrease|Balance in year-end|
||year-begin|period|balance|||
|Building renovation|16,847,249.82|6,261,909.32|3,517,189.17||19,591,969.97|
|NEG Technology||||||
||5,036,955.00||308,385.00||4,728,570.00|
|Use fee||||||
|Total|21,884,204.82|6,261,909.32|3,825,574.17||24,320,539.97|

 30.Deferred income tax assets/deferred income tax liabilities
(1)Details of the un-recognized deferred income tax assets
In RMB
||||||
|-|-|-|-|-|
||Balance in year-end||Balance in year-begin||
|Items|Deductible temporary|Deferred income tax|Deductible temporary|Deferred income tax|
||difference|assets|difference|assets|
|Assets devaluation|||||
||360,994,145.72|68,071,164.97|343,092,733.65|64,950,015.23|
|provision|||||
|Not realized the internal|||||
||2,036,649,487.27|305,814,781.13|2,085,646,185.70|313,672,923.77|
|profit|||||
|Deductible loss|1,082,508,038.76|169,384,777.19|813,056,144.42|123,065,344.84|
|Deferred income|||||
||93,162,059.57|13,913,113.58|99,944,032.99|14,878,382.57|
|difference|||||
|Non-identical control|||||
||8,663,249.92|840,472.95|9,424,416.78|909,279.99|
|enterprise|||||
|Projected liability|20,944,899.84|5,236,224.96|20,944,899.84|5,236,224.96|
|Advance quality margin|71,224,325.09|9,285,178.48|78,820,850.20|10,382,456.32|
|Total|3,674,146,206.17|572,545,713.26|3,450,929,263.58|533,094,627.68|

 (2)Details of the un-recognized deferred income tax liabilities
In RMB
||||||
|-|-|-|-|-|
||Balance in year-end||Balance in year-begin||
|Items|Temporarily Deductible|Deferred Income Tax|Temporarily Deductible|Deferred Income Tax|
||or Taxable Difference|liabilities|or Taxable Difference|liabilities|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||
|-|-|-|-|-|
|Impairment of assets|||||
|under the control of|288,623,558.81|49,531,110.49|293,849,152.24|54,572,072.64|
|enterprises under the|||||
|same control|||||
|Depreciation difference|||||
|due to different tax law|||||
||4,141,445.56|740,231.33|4,198,490.69|620,911.33|
|and accounting|||||
|depreciation period|||||
|Total|292,765,004.37|50,271,341.82|298,047,642.93|55,192,983.97|

 (3) Deferred income tax assets or liabilities listed by net amount after off-set
In RMB
||||||
|-|-|-|-|-|
||||Trade-off between the|Opening balance of|
||Trade-off between the|End balance of deferred|||
|Items|deferred income tax|income tax assets or|deferred income tax|deferred income tax|
||||assets and liabilities at|assets or liabilities after|
||assets and liabilities|liabilities after off-set|||
||||period-begin|off-set|
|Deferred income tax||572,545,713.26|||
|||||533,094,627.68|
|assets|||||
|Deferred income||50,271,341.82|||
|||||55,192,983.97|
|liabilities|||||

(4)Details of income tax assets not recognized
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Deductible losses|197,016,306.55|152,606,559.26|
|Bad debr provision|86,413.68|86,413.68|
|Provision for impairment of construction|||
|||14,645,209.52|
|projects|||
|Total|197,102,720.23|167,338,182.46|

 (5)Deductible losses of the un-recognized deferred income tax asset will expire in the following years
In RMB
|||||
|-|-|-|-|
|Year|Balance in year-end|Balance in year-begin|Remark|
|2018||386,221.54||
|2019|814,800.28|3,751,170.54||
|2020|20,184,416.87|22,199,323.24||
|2021|27,821,173.04|27,911,201.66||
|2022|95,966,731.78|98,358,642.28||
|2023|52,229,184.58|||
|Total|197,016,306.55|152,606,559.26|--|

Other notes
31 .Other non-current assets
Whether implemented new revenue guidelines
□ Yes√No
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Prepaid engineering equipment|4,800,933,217.60|4,463,496,966.82|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Total|4,800,933,217.60|4,463,496,966.82|

 Other notes
32.Short–term borrowings
（1）Short-term borrowings by category
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Pledge borrowings|2,398,884,400.00|2,666,853,417.34|
|Mortgage borrowings|3,181,100,000.00|1,847,600,000.00|
|Guarantee borrowings|3,465,450,000.00|3,589,753,471.68|
|Credit borrowings|149,500,000.00|256,899,762.31|
|Total|9,194,934,400.00|8,361,106,651.33|

Note：
Note 1. There is no mature but unredeemed short-term borrowing in the company during the accounting period. Note 2.At the end of the period, the company's Mortgage loans of RMB3,181,100,00.00:
Including（1）End-of-period mortgage loan is RMB 498,000,000.00 which is both a guarantee loan and a mortgage loan. Tunghsu Group Co., Ltd. and Li Zhaoting provide joint liability guarantee for the Company. Tunghsu Zhuding Investment Development Group Co., Ltd., the mortgagor, will mortgage the house and other fixtures (J (2018) H Real Estate No. 0050316) located in No. 115 office property, Yangfangdian, Haidian District, Beijing. (2) End-of-period guarantee loan is RMB 480,000,000.00. Li Zhaoting provides joint and several guarantees for the Company. All parcel number 33010801200000004 residential lands and parcel number 33010801200000006 commercial lands of Hangzhou Yuanbang Real Estate Development Co., Ltd. located in Kanshan Town, Xiaoshan District, Hangzhou City, Zhejiang Province, serve as the second order mortgage guarantee for the state-owned transfer of land use right. The first floor of Binjiang Huayue Phase III apartment building and the first floor of Binjiang Huayue Phase III office building of Anhui Meisheng Real Estate Co., Ltd. are located in No.368 Baohe Avenue, Baohe District, Hefei City, Anhui Province serve as the mortgage guarantee.
(3) The mortgage loan at the end of the period is 1,000,000,000.00. Tunghsu Group Co., Ltd. and Li Zhaoting provides joint guarantee for the company. The company also pledged100% shares of its subsidiary Beijing Xufeng Real Estate Co., Ltd. and the land owned by its subsidiary Beijing Xufeng Real Estate Co., Ltd.;
(4) End-of-period guarantee loan is RMB 480,000,000.00. Li Zhaoting provides joint and several guarantees for the Company. All parcel number 33010801200000004 residential lands and parcel number 33010801200000006 commercial lands of Hangzhou Yuanbang Real Estate Development Co., Ltd. located in Kanshan Town, Xiaoshan District, Hangzhou City, Zhejiang Province, serve as the second order mortgage guarantee for the state-owned transfer of land use right. The first floor of Binjiang Huayue Phase III apartment building and the first floor of Binjiang Huayue Phase III office building of Anhui Meisheng Real Estate Co., Ltd. are located in No.368 Baohe Avenue, Baohe District, Hefei City, Anhui Province serve as the mortgage guarantee.
(5) End-of-period mortgage loan is RMB 110,000,000.00. The collateral is the machinery and equipment of the subsidiary Fuzhou Xufu Optoelectronic Technology Co., Ltd. and the land and real estate corresponding to the first production line;
(6) End-of-period mortgage loan is RMB 110,000,000.00 which is both a guarantee loan and a mortgage loan. Tunghsu Group Co., Ltd., the Company and its subsidiary Shanghai Sunlong Bus Co., Ltd. provide guarantee for Guangxi Sunlong Automobile Manufacturing Co., Ltd., the grandson company; the collateral is the inspection line workshop, warehouse and No. 1 production workshop located at No. 99 Puxing Avenue, Yongning District, Nanning City, numbered as No. 0243831, 0243689, 0137166 of Gui (2018) Nanning Real Estate Right;
(7) End-of-period mortgage loan is RMB53,100,000.00 which is both a guarantee loan and a mortgage loan. Tunghsu Construction Group Co., Ltd. and Yang Jianzhong provide joint liability guarantee for Daosui Group Engineering Co., Ltd., the Sub subsidiary. The collateral is the No. 384 construction land (HGY (2012) Z) and No.
200700980 real estates (HYZ No.200700980) located at No. 66 Yingbin Road, Huaying City.
（8）The end-of-period pledge loan is 450,000,000.00 yuan, and Tunghsu Group held24% equity pledge of
GEMSY Group; The real estate and land under the name of Jiangsu Jixing New Material Co., Ltd are with
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 property certificate numbers of YF Zi No. 81800980, 81800981, 81800982, and the land certificate numbers of No. 10482, 10483, 10484, 10485, 10486, 10487 provided mortgage guarantee; Real estate under the name of Sichuan Xuhong Photoelectric Technology Co., Ltd is with a title certificate No: C (2017) MYSBDCQ No. 0029780, which provides mortgage guarantee; Real estate under Fuzhou Tunghsu Optoelectronic Technology Co., Ltd. is with the certificate number of M (2018) FQSBDCQ No.004823, which provides mortgage guarantee; Real estate under Chengdu Tunghsu Intelligent Technology Co., Ltd. is with a title certificate No.: C (2018) PDQBDCQ No. 0095711, which provides mortgage guarantee;
Note 3: The guarantee loan is RMB 3,465,450,000.00:
Including：（1）End-of-period guarantee loan is RMB 111,000,000.00, Tunghsu Group Co., Ltd. provides joint and several liability guarantee for the Company ;
（2）End-of-period guarantee loan is RMB 200,000,000.00, The company provides joint liability guarantee to the Subsidiary–Wuhu Tunghsu Optoelectronic Equipment Technology Co., Ltd;
（3）End-of-period guarantee loan is RMB 50,000,000.00, The company provides joint liability guarantee to the Subsidiary–Wuhu Tunghsu Optoelectronic Technology Co., Ltd.;
（4）End-of-period guarantee loan is RMB150,000,000.00, Tunghsu Group provides joint liability guarantee to the Subsidiary–Wuhu Tunghsu Optoelectronic Technology Co., Ltd.;
（5）End-of-period guarantee loan is RMB250,000,000.00, Tunghsu Group provides joint liability guarantee to the Sub-Subsidiary–Daosui Group Co., Ltd.;
（6）End-of-period guarantee loan is RMB200,000,000.00, The Company and Li Zhaoting provides joint liability guarantee to the Subsidiary–Zhengzhou Xufei Optoelectronic Technology Co., Ltd.;
（7）End-of-period guarantee loan is RMB40,000,000.00, The Company,Tunghsu Group provides joint liability guarantee to the Sub- Subsidiary–Suzhou Tengda Zhengzhou Xufei Optics Technology Co., Ltd.;
（8）End-of-period guarantee loan is RMB300,000,000.00, Tunghsu Group provides joint liability guarantee to the Subsidiary–Shanghai Sunlong Bus Co., Ltd.;
（9）End-of-period guarantee loan is RMB20,000,000.00, Tunghsu Group provides joint liability guarantee to the Subsidiary–Shanghai Sunlong Bus Co., Ltd.;
（10）End-of-period guarantee loan is RMB100,000,000.00, Tunghsu Group , Li Zhaoting provides joint liability guarantee to the Subsidiary–Shanghai Sunlong Bus Co., Ltd.;
（11）End-of-period guarantee loan is RMB30,000,000.00, Subsidiary-Shanghai Sunlong Bus Co., Ltd.provides joint liability guarantee to the Sub- Subsidiary–Guangxi Sunlong Automobile Manufacturing Co., Ltd.;
（12）End-of-period guarantee loan is RMB50,000,000.00, Tunghsu Group provides joint liability guarantee to the Subsidiary–Guangxi Sunlong Automobile Manufacturing Co., Ltd.;
（13）End-of-period guarantee loan is RMB50,000,000.00, The Company provides joint liability guarantee to the Subsidiary–Guangxi Sunlong Automobile Manufacturing Co., Ltd.;
（14）End-of-period guarantee loan is RMB20,000,000.00, The Company and Li Zhaoting provide the maximum guarantee for the subsidiary Hunan Tunghsu Delai Electronic Technology Co., Ltd.;
（15）End-of-period guarantee loan is RMB10,000,000.00, The company provides guarantee tothe Sub Subsidiary- Chongqing Jinghuateng Optoelectronic Technology Co., Ltd.;
（16）End-of-period guarantee loan is RMB25,000,000.00, The company provides guarantee tothe Sub-Subsidiary- Chongqing Jinghuateng Optoelectronic Technology Co., Ltd.;
（17）End-of-period guarantee loan is RMB100,000,000.00, The Company provides joint liability guarantee to the Sub-Subsidiary–Guangxi Sunlong Automobile Manufacturing Co., Ltd.;
(18)End-of-period guarantee loan is RMB100,000,000.00, Tunghsu Group ,the Company and Subsidiary-Shanghai Sunlong Bus Co., Ltd. provides joint liability guarantee to the Sub-Subsidiary–Guangxi Sunlong Automobile Manufacturing Co., Ltd.;
（19）End-of-period guarantee loan is RMB1,025,000,000.00, The Company provides joint liability guarantee to the Subsidiary–Shanghai Sunlong Bus Co., Ltd.;
（20）End-of-period guarantee loan is RMB100,000,000.00, Tunghsu Group and Li Zhaoting provides joint liability guarantee to the Subsidiary–Shanghai Sunlong Bus Co., Ltd.;
（21）End-of-period guarantee loan is RMB130,000,000.00, Tunghsu Group provides joint liability guarantee to the Subsidiary–Shanghai Sunlong Bus Co., Ltd.;
(22) The Company provides a guarantee of 30 million yuan for its grandson company, Hunan Tunghsu Weigao Medical Device Technology Co., Ltd, and at the same time, the grandson company, Hunan Tunghsu Weigao Medical Device Technology Co., Ltd uses accounts receivable of 75,161,821.14 yuan as pledge;
Chongqing Jinghuateng Optoelectronic Technology Co., Ltd.;
（23）End-of-period guarantee loan is RMB30,000,000.00, The Company provides joint liability guarantee to the
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Sub-Subsidiary–Chongqing Jinghuateng Optoelectronic Technology Co., Ltd.;
（24）End-of-period guarantee loan is RMB20,000,000.00, The Company provides joint liability guarantee to the Sub-Subsidiary–Hunan Tunghsu Weisheng Inteligence Technology Co., Ltd
（25）End-of-period guarantee loan is RMB44,450,000.00, The Company provides joint liability guarantee to the Sub-Subsidiary–Jiangsu Tunghsu Yitai Inteligence Equipment Co., Ltd
（26）End-of-period guarantee loan of RMB 280,000,000.00, dongxu group co., LTD and li zhaoting provide joint liability guarantee for subsidiary zhengzhou xufei photoelectric technology co., LTD
Note 4: End-of-period pledge loan is RMB2,398,884,400.00:
(1) Li Zhaoting and Shenzhen Oufuyuan Technology Co., Ltd. hold75% equity pledge of Zhongshan Shenzhong Real Estate Development Co., Ltd. to provide joint liability guarantee of RMB 1,800,000,000.00.
(2) The end-of-period pledge loan is 300,000,000.00 yuan. For Tunghsu Group Guarantee, Li Zhaoting's Personal Guarantee and Guarantee of Shanghai Shenlong Bus Co., Ltd., Tunghsu Optoelectronics holds58% of the shares of Shanghai Sunlong Bus Co., Ltd. as collateral;
(3) The end-of-period pledge loan is 30,884,400.00 yuan, and Sub-subsidiary- Shenzhen Xinyingtong Technology Co., Ltd. pledged100% deposit to provide guarantee.
(4)The end-of-period pledge loan was 150,000,000.00 yuan. For Tunghsu Group Guarantee, Li Zhaoting Personal Guarantee, Guarantee of Guangxi Shenlong Auto Manufacturing Co., Ltd. Tunghsu Optoelectronics holds58% of the shares of Shanghai Sunlong Bus Co., Ltd. as collateral;
(5) The Company provides a guarantee of RMB 20,000,000.00 for the subsidiary Chongqing Jinghuateng Optoelectronic Technology Co., Ltd. which uses the accounts receivable of RMB 25,674,800.00 as pledge; (6) The end-of-period pledge loan is 90,000,000.00 yuan, which is both a guaranteed loan and a pledged loan. Tunghsu Group Co., Ltd., the Company and its subsidiary Shanghai Sunlong Bus Co., Ltd. provide guarantee for the grandson company, Guangxi Sunlong Automobile Manufacturing Co., Ltd.; Guangxi Sunlong Automobile Manufacturing Co., Ltd., the Sub-subsidiary, provided pledge guarantee with 100,000,000.00 yuan time deposit certificate.
(7) The end-of-period pledge loan is 8,000,000.00 yuan, which is pledged by 2 patent certificates of the subsidiary Huzhou Mingshuo Photoelectric Technology Co., Ltd., for a new phase change material composition, with a patent number of ZL201310714156.1, and a heat conductive silicone grease composition, with a patent number of ZL201210119361.9.
33. Transactional financial liabilities
34. Derivative financial liability
35.Notes payable
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Commercial acceptance|154,452,979.00|354,756,705.00|
|Bank acceptance bills|1,390,939,966.94|1,288,410,321.68|
|Total|1,545,392,945.94|1,643,167,026.68|

 36. Account payable
（1）List of account payable
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Material fund and Engineering Labour|||
||3,839,200,037.22|6,796,000,151.83|
|service|||
|Engineering funds|2,543,119,697.99|1,749,055,669.87|
|Transportation expenses|11,647,378.64|28,726,403.86|
|Other|64,827,427.15|59,144,880.64|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Total|6,458,794,541.00|8,632,927,106.20|

（2）Significant accounts payable that aged over one year
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Beijing Guoxun investment co., Ltd.|41,088,123.25|Unpaid payment term|
|Ningxia Tianshun Electric Power|||
||21,052,646.58|Unpaid payment term|
|Engineering Co., Ltd.|||
|Xinjiang Anpuneng New Energy|||
||20,895,884.25|Unpaid payment term|
|Investment Co., Ltd.|||
|Qinghai Construction & installation|||
||19,006,049.20|Unpaid payment term|
|Engineering Co., Ltd.|||
|Sichuan Yilong city construction co., ltd.|||
||8,415,000.00|Unpaid payment term|
|Ke Zhou branch|||
|Total|110,457,703.28|--|

37. Advance from customers
Whether implemented new revenue guidelines
□ Yes√No
(1) List of advance from customers
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Goods|339,866,862.89|133,288,930.47|
|Engineering fund|1,494,230,970.09|1,268,994,731.90|
|Total|1,834,097,832.98|1,402,283,662.37|

 (2) Accounts payable with major amount and aging of over one year
(3)Information of unliquidated completed assets formed in the construction contract at the end of the period 38.Contract liabilities
39. Employee compensation payable
(1)Classification of employee compensation payable
In RMB
||||||
|-|-|-|-|-|
|Items|Balance in year-begin|Increase at this period|Decrease at this period|Balance in year-end|
|I. Short –term wages|235,863,317.11|436,967,426.67|520,938,717.39|151,892,026.39|
|II. Welfare after waving|||||
|of position-fixed|2,283,660.06|40,040,282.86|40,605,874.12|1,718,068.80|
|provision scheme|||||
|III. Termination benefit||11,560,344.89|11,143,973.69|416,371.20|
|Total|238,146,977.17|488,568,054.42|572,688,565.20|154,026,466.39|

（2）Short-term remuneration
In RMB
||||||
|-|-|-|-|-|
|Items|Balance in year-begin|Increase in this period|Payable in this period|Balance in year-end|
|1.Wages, bonuses,|169,708,173.64|377,101,853.63|460,750,395.93|86,059,631.34|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||
|-|-|-|-|-|
|allowances and subsidies|||||
|2.Employee welfare|137,405.99|12,550,058.07|12,657,668.56|29,795.50|
|3. Social insurance|||||
||1,517,087.32|20,751,623.48|21,045,444.72|1,223,266.08|
|premiums|||||
|Including：Medical|||||
||1,137,093.83|18,110,212.74|18,204,744.71|1,042,561.86|
|insurance|||||
|Work injury insurance|243,792.72|1,098,021.20|1,213,010.02|128,803.90|
|Maternity insurance|136,200.77|1,543,389.54|1,627,689.99|51,900.32|
|4. Public reserves for|||||
||1,918,300.75|16,816,501.65|18,217,506.12|517,296.28|
|housing|||||
|5.Union funds and staff|||||
||62,196,228.18|7,252,493.91|5,733,132.27|63,715,589.82|
|education fee|||||
|Other|386,121.23|2,494,895.93|2,534,569.79|346,447.37|
|Total|235,863,317.11|436,967,426.67|520,938,717.39|151,892,026.39|

（3）Defined contribution plans listed
In RMB
||||||
|-|-|-|-|-|
|Items|Balance in year-begin|Increase in this period|Payable in this period|Balance in year-end|
|1. Basic old-age|||||
||2,130,682.36|36,925,506.77|37,397,676.42|1,658,512.71|
|insurance premiums|||||
|2.Unemployment|||||
||152,977.70|3,114,776.09|3,208,197.70|59,556.09|
|insurance|||||
|Total|2,283,660.06|40,040,282.86|40,605,874.12|1,718,068.80|

 40. Taxes payable
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|VAT|191,328,836.79|349,650,560.67|
|Enterprise Income tax|283,877,459.79|307,974,748.03|
|Individual Income tax|10,747,903.73|8,509,011.91|
|City Construction tax|5,750,907.26|13,922,593.39|
|Land VAT|99,050,016.88|101,545,748.03|
|House property tax|8,984,992.63|10,701,618.07|
|Land use tax|1,513,468.97|1,534,812.83|
|Educational surtax|5,023,311.50|10,584,164.68|
|Stamp Tax|606,367.93|3,930,901.55|
|Other|5,038,174.18|8,818,967.96|
|Total|611,921,439.66|817,173,127.12|

 41.Other payable
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Interest payable|202,034,241.49|117,554,951.58|
|Dividend payable|401,117,508.26||
|Other account payable|1,889,769,315.56|1,972,048,725.02|
|Total|2,492,921,065.31|2,089,603,676.60|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019（1）Interest payable
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Long-term loans interest of installment and|||
||22,047,586.88|37,542,540.23|
|interest charge|||
|Enterprise bond interest|160,788,325.16|71,935,414.10|
|Short term loan interest payable|19,198,329.45|8,076,997.25|
|Total|202,034,241.49|117,554,951.58|

（2）Dividends payable
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Common dividends|401,117,508.26||
|Total|401,117,508.26||

(3)Other payable
1）Disclosure by nature
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Current account|806,351,870.24|632,884,079.05|
|Project Current account|604,352,980.73|558,426,427.62|
|Deposit|319,706,081.62|370,070,455.32|
|Individual official borrowing|41,634,194.91|95,995,501.74|
|Government Subsidy|15,000,000.00|15,000,000.00|
|Social security withholding|7,647,710.80|8,526,750.21|
|Advance funds|7,921,620.45|10,363,123.11|
|Stock right fund|71,923,529.95|266,310,044.77|
|Restricted stock repurchase obligations|4,422,320.00|4,422,320.00|
|Other|10,809,006.86|10,050,023.20|
|Total|1,889,769,315.56|1,972,048,725.02|

 (2) Other payables with large amount and aging of over one year
Other notes
The amount of important other accounts payable over one year at the end of the period is 483905338.77 yuan. Outstanding or uncarried forward reason is that settlement conditions have not been met.
42. Divided into liability held for sale
43.Non-current liabilities due within 1 year
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Long-term loans due within 1 year|1,561,148,956.04|2,523,290,150.75|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Bond payable due within 1 year|953,557,987.37||
|Long-term Account payable due within 1|||
||775,434,725.29|1,124,359,280.45|
|year|||
|Deferred earnings due within one year||49,743,433.71|
|Total|3,290,141,668.70|3,697,392,864.91|

 Othernotes：
Note 1: Non-current liabilities due within one year was decreased at the end of the period, The main reason is the decrease in borrowings due within one year.
Note 2: long-term loans due within one year could be referred to Note VII,48.
Note 3: long-term account receivable due within one year could be referred to Note VII,45.
44. Other current-liabilities
Whether implemented new revenue guidelines
□ Yes√No
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|USD exchange|68,747,000.00|68,632,000.00|
|For resale tax|133,074,093.64|136,561,128.73|
|Financing|102,000,000.00|110,000,000.00|
|Total|303,821,093.64|315,193,128.73|

 45. Long-term loan
(1) Category of long-term loan
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Pledge loans|469,750,000.00|450,000,000.00|
|Mortgage loans|2,531,090,356.04|3,013,496,417.47|
|Guarantee loans|1,761,000,000.00|1,801,383,333.28|
|Less ：Long-term loan due 1 year|-1,561,148,956.04|-2,523,290,150.75|
|Total|3,200,691,400.00|2,741,589,600.00|

Note：
Notes1：At the end of the period, the Company has no long-term borrowings that have not yet been repaid. Notes2：The Guarantee of RMB 1,761,000,000.00 is both the mortgage loan and the guarantee loan, reclassified into the non-current liabilities due within one year RMB 637,358,000.00.
Including：（1） Tunghsu Group Co., Ltd., Li Zhaoting and Li Qing provide joint and several liability guarantee for the Company's loan of 115,000,000.00 yuan, of which 115,000,000.00 yuan is classified as non-current liabilities due within one year; Tunghsu Group Co., Ltd. and Li Zhaoting provide the Company with a joint and several liability guarantee of 96,000,000.00 yuan, of which 96,000,000.00 yuan is reclassified as non-current liabilities due within one year; Tunghsu Group Co., Ltd., Tunghsu Optoelectronic Investment Co., Ltd. and Li Zhaoting provide joint and several liability guarantee for the Company's 400,000,000.00 yuan, of which 400,000,000.00 yuan is reclassified as the non-current liabilities due within one year; Tunghsu Group Co., Ltd., its subsidiaries Liaoning Tunghsu Sanbao Intelligent Technology Co., Ltd. and Li Zhaoting provide joint and several liability guarantee for the Company's loan of 500,000,000.00 yuan, of which 4,000,000.00 yuan is reclassified as non-current liabilities due within one year; Tunghsu Group Co., Ltd. provides joint and several liability guarantee for the grandson company Sichuan Tunghsu Fanrong Construction and Development Co., Ltd. on 200,000,000.00
yuan;
(2) Japan Electric Nitrous Co., Ltd. provides joint and several liability guarantee for the loan of 188,000,000.00
yuan of the Sub-susidiaries- Fuzhou Xufu Optoelectronic Technology Co., Ltd., of which 22,358,000.00 yuan is
reclassified as non-current liabilities due within one year; (3) The Company provides joint and several liability
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 guarantee for the Sub-susidiaries -Chenzhou Xuhong Transportation Construction Co., Ltd. on 262,000,000.00 yuan, while Chenzhou Huashun Automobile Transportation Co., Ltd. provides counter guarantee, of which 0.00 yuan is reclassified as non-current liabilities due within one year.
Note 3: The mortgage loan of 2,531,090,356.04 yuan is both mortgage loan and guarantee loan. It is reclassified into non-current liabilities of 921,840,956.04 yuan due within one year.
Including：(1) The non-current liabilities reclassified and transferred into one-year maturity in the loan of 136,000,000.00 yuan are 68,000,000.00 yuan. The collateral and guarantor of the loan are: a. The 202 mu state-owned land use right and the plant after the completion of the project are mortgaged by Wuhu Tunghsu Optoelectronic Technology Co., Ltd., and 2 precious metal platinum passages are provided for mortgage guarantee; b. The loan guarantor is Wuhu Construction Investment Co., Ltd.
(2) The non-current liabilities reclassified and transferred into one-year maturity in the roan of 937,500,000.00 yuan are 375,000,000.00 yuan. The collateral and guarantor of the loan are: a. 8 precious metal platinum passage assets owned by Wuhu Tunghsu Optoelectronic Technology Co., Ltd. provides mortgage and guarantee; b. The Company provides joint and several liability guarantee for Wuhu Tunghsu Optoelectronic Technology Co., Ltd., the subsidiary of the Company.
(3) The non-current liabilities reclassified and transferred into one-year maturity in the loan of 420,000,000.00 yuan are 35,000,000.00 yuan. The mortgage and pledge guarantee of the loan are: a. Real estates YFQZYZ No. 20150301716, etc. of Tunghsu (Yingkou) Optoelectronic Technology Co., Ltd.; b. Tunghsu Group Co., Ltd. shall provide joint liability guarantee for Tunghsu (Yingkou) Optoelectronic Technology Co., Ltd. c. It provides pledge guarantee of 40 million shares.
(4) The non-current liabilities reclassified and transferred into one-year maturity in the loan of 91,556.04 yuan are 91,556.04 yuan. The collateral and guarantor of the loan are: Zeng Jiankai shall provide joint liability guarantee and vehicle with a value of RMB 729,238.00 as collateral;
(5) The non-current liabilities reclassified and transferred into one-year maturity in the roan of 375,000,000.00 yuan are 150,000,000.00 yuan. The collateral and guarantor of the loan are: a. Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd., the mortgagor, provides mortgage guarantee with the assets formed by the mortgagable Project, including the land use right, plants and other buildings, machinery and equipment (including the three precious metal platinum passages), etc.; b. Tunghsu Group Co., Ltd. and the couple Li Zhaoting and Li Qing provide joint and several liability guarantee.
(6) The amount reclassified and transferred into one-year maturity in the roan of 290,000,000.00 yuan is 80,000,000.00 yuan. The collateral and guarantor of the loan are: a. The land use right of WK (Gong) GY 2013 No. 020, WK (Gong) GY 2013 No. 021 and WK (Gong) GY 2014 No. 008 and the fixed assets after the completion of the project owned by Wuhu Tunghsu Optoelectronic Equipment Technology Co., Ltd. are mortgaged; b. The Company provides joint liability guarantee for its subsidiary Wuhu Tunghsu Optoelectronic Equipment Technology Co., Ltd.
(7) The non-current liabilities reclassified and transferred into one-year maturity in the roan of 372,498,800.00 yuan are 213,749,400.00 yuan. The collateral and guarantor of the loan are: a. Tunghsu Group Co., Ltd., the guarantor, provides joint liability guarantee to the Lender for the loan equivalent to RMB 450 million under the Project and the interest, penalty interest, compound interest, compensation, liquidated damages, damage awards and the expenses of the realized creditor's rights thereof; b. The appraisal value of the collateral of the buildings, machinery and equipment on the ground (including 4 precious metal platinum passages) is 1,055,713,019.27 yuan.
Note 4: The pledge loan of 469,750,000.00 yuan is both a pledge loan and a guarantee loan, and the non-current liabilities reclassified and transferred into one-year maturity shall be 1,950,000.00 yuan.
Of which (1) For the loan of 450,000,000.00, the loan pledge and the guarantor are: a. The pledge is the RMB 5 million circulating stocks of Tunghsu Optoelectronic Technology Co., Ltd. held by Tunghsu Group Co., Ltd. and the full pledge of the equity corresponding to the paid-in contribution of 178,750,000.00 yuan of Chengdu Tunghsu Intelligent Technology Co., Ltd. held by Tunghsu Group Co., Ltd.; b. Tunghsu Group Co., Ltd. and Li Zhaoting provide guarantee;
(2) For the loan of 19,750,000.00 yuan, the pledge and guarantor of the loan are: a. The pledge is the accounts receivable of 84,330,000.00 yuan used by Huzhou Mingshuo Optoelectronic Technology Co., Ltd.; B. Tunghsu Group Co., Ltd. provides guarantee.
Notes 5.Rate of annual long-term borrowing is generally ranged from3.68%--8.50%.
46. Bonds payable
（1）Bonds payable
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|15 Tunghsu bonds|||
||953,557,987.37|952,223,306.45|
|Mid-term note I|||
||2,988,490,963.78|2,986,250,396.83|
|Mid -term note II|||
||1,693,614,361.86|1,692,345,122.04|
|Convertible bonds|600,000,000.00||
|Less：Bond payable due 1 year|||
||-953,557,987.37||
|Total|5,282,105,325.64||
|||5,630,818,825.32|

（2）Changes of bonds payable(Not including the other financial instrument of preferred stock and perpetual capital securities that classify as financial liability)
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Amortizati|||
||||||||Interest||||
|Boond|Par value|Date of|Bond|Issued|Opening|Issue ofcurrent|withdrawn|on ofpreminum|Currentrepayme|Ending|
|name||issue|period|amount|balance||as per par|||balance|
|||||||period||or|nt||
||||||||value|discount|||
|15|||||||||||
|Tunghsu|956,042,700.|2015.5.1|5 years|1,000,000,0|952,223,306.||60,000,000.|1,334,680.||953,557,987|
||00|9||00.00|45||00|92||37|
|bonds|||||||||||
|Mid-term|||||||||||
||3,000,000,00|2016.11.||3,000,000,0|2,986,250,39||139,280,000|2,240,566.||2,988,490,96|
||||5 years||||||||
|note I|0.00|17||00.00|6.83||.00|95||3.78|
|Mid|||||||||||
|-term|1,700,000,00|2016.12.|5 years|1,700,000,0|1,692,345,12||85,000,000.|1,269,239.||1,693,614,36|
||0.00|02||00.00|2.04||00|82||1.86|
|note II|||||||||||
|Converti|||||||||||
||600,000,000.|2019.5.2||600,000,00||600,000,000|4,224,996.0|||600,000,000|
|ble|||3 years||||||||
||00|1||0.00||.00|1|||00|
|bonds|||||||||||
|Less：|||||||||||
|Bond|||||||||||
|payable|956,042,700.|||1,000,000,0||||||-953,557,987|
||00|||00.00||||||37|
|due 1|||||||||||
|year|||||||||||
|Total||||7,300,000,0|5,630,818,82|600,000,000|288,504,996|4,844,487.||5,282,105,32|
||--|--|--||||||||
|||||00.00|5.32|.00|.01|69||5.64|

 (3) Note to conditions and time of share transfer of convertible bonds
Guangxi Sunlong Automobile Manufacturing Co., Ltd., a subsidiary of the Company, issued 600 million yuan of non-public convertible bonds on May 21, 2019. According to the prospectus for Non-public Issuance of
Convertible Corporate Bonds of Guangxi Sunlong Automobile Manufacturing Co., Ltd., the number of bonds
issued is not more than 600 million yuan, totaling 6 million bonds, with the face value of each bond of 100 yuan,
which are issued at face value.; The issuance period shall not exceed 36 months; The coupon rate is6.25%, the
interest will be paid in installments and principal will be repaid at maturity.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Term of conversion: After 33 months from the expiration of the issuance period, the holder can convert each bond (100 yuan) into the equity of 160 yuan for the issuer at a ratio of 160.
（4）Other financial instruments that are classified as financial liabilities
The issuance of preferred stock and other financial instruments such as perpetual debt
Nil
Notes:On May 19, 2015, the “15 Tunghsu Debt” with a total amount of RMB 1 billion was issued. In May 2018, the resale amount was RMB 43,957,300.00, and the coupon rate was adjusted from6.00% to6.80%.
47. Lease liability
48. Long-term payable
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Long-term payable|1,703,412,663.14|2,644,309,592.95|
|Total|1,703,412,663.14|2,644,309,592.95|

 (1) Long-term payable listed by nature of the account
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Long-term payable|2,731,286,982.05|4,441,492,662.34|
|Less：Unconfirmed financing costs|252,439,593.62|672,823,788.94|
|Less：Port due Within 1 year|775,434,725.29|1,124,359,280.45|

 Other notes
Note: Tunghsu Group Co., Ltd. provides a guarantee of RMB 933,547,888.88 for financial lease, Tunghsu Group Co., Ltd. and Li Zhaoting provide a guarantee of RMB 930,371,262.5 for financial lease, Tunghsu Group ,Yang Jianzhong and Hong Shuping provide a guarantee of RMB 102,905,470.25 for the financial lease; Subsidiaries of the Company provide RMB 295,583,333.32 as security deposit pledge for financing lease; Sub-Subsidiaries of the Company provide RMB 35,880,000.00 as security deposit pledge for financing lease
The production lines and machinery and equipment of the subsidiaries of the Company provide a mortgage of RMB 177,639,027.10 for financing lease. A subsidiary of the company obtained 168 electric bus batteries under financial lease, totaling 255,360,000.00 yuan.
（2）Specific payable
49. Long-term employee salary payable
（1）Long-term employee salary payable
（2）Changes of defined benefit plans
50. Estimates liabilities
Whether implemented new revenue guidelines
□ Yes√No
In RMB
|||||
|-|-|-|-|
|Items|Balance in year-end|Balance in year-begin|Rreason|
|Lispendens|20,944,899.84|20,944,899.84||
|Product guarantee|71,224,325.09|78,820,850.20||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
|Total|92,169,224.93|99,765,750.04|--|

51.Deferred income
In RMB
|||||||
|-|-|-|-|-|-|
|Items|Beginning of term|Increased this term|Decreased this term|End of term|Reason|
|Govemment Subsidy|659,798,232.60|51,826,087.17|27,904,079.24|683,720,240.53||
|Not realized after||||||
||16,348,166.71||16,348,166.71|||
|sale rental return||||||
|Total|676,146,399.31|51,826,087.17|44,252,245.95|683,720,240.53|--|

Details of government subsidies
In RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
||||||Amount of||||
|||New|Amount|Other income|||||
||||||cost|||Asset-related|
||Beginning of|subsidy in|transferred to|recorded in|||||
|Items|||||deducted inthe current|Other changes|End of term|orincome-related|
||term|current|non-operatio|the current|||||
|||period|nal income|period|period||||
|Grant of|||||||||
|Government|||||||||
|||||||||Related to|
|Infrastructure|20,949,600.00|||1,122,300.00||2,244,600.00|22,071,900.00||
|||||||||assets|
|（Land|||||||||
|refund）|||||||||
|Grant of|||||||||
|Industry|||||||||
|Revitalizatio||||||||Related to|
|n and|2,177,778.05|||116,666.64||233,333.28|2,294,444.69||
|||||||||assets|
|Technology|||||||||
|Reconstructio|||||||||
|n Project|||||||||
|Technical|||||||||
|||||||||Related to|
|reconstructio|2,133,333.29|||133,333.33||266,666.68|2,266,666.64||
|||||||||assets|
|n|||||||||
|Grant of|||||||||
|Glass|7,999,999.94|||500,000.00||1,000,000.00|8,499,999.94|Related to|
|Substrate||||||||assets|
|Project|||||||||
|Industry|||||||||
|||||||||Related to|
|Development|3,733,333.29|||233,333.33||466,666.68|3,966,666.64||
|||||||||assets|
|Fund|||||||||
|Project|||||||||
|||||||||Related to|
|finance|250,666.73|||15,666.67||31,333.32|266,333.38||
|||||||||assets|
|discount|||||||||
|Grant of|||||||||
|Industry|||||||||
|Revitalizatio||||||||Related to|
|n and|58,638,000.07|||3,257,666.67||6,515,333.32|61,895,666.72||
|||||||||assets|
|Technology|||||||||
|Reconstructio|||||||||
|n n Project|||||||||
|2013|||||||||
|Provincial|||||||||
|strategic|||||||||
|||||||||Related to|
|emerging|3,583,333.40|||166,666.67||333,333.32|3,750,000.05||
|||||||||assets|
|industries of|||||||||
|special grant|||||||||
|funds|||||||||
|Technology|24,510,333.32|||1,078,000.00||2,156,000.00|25,588,333.32|Related to|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||
|-|-|-|-|-|-|
|reconstructio|||||assets|
|n on Special||||||
|funds||||||
|Investment||||||
|and Subsidies||||||
|of “Double||||||
|Hundred||||||
|Plan” Project|1,383,333.33|100,000.02|200,000.00|1,483,333.31|Related to|
|granted by|||||assets|
|the People's||||||
|Government||||||
|of Henan||||||
|Province||||||
|TFT glass||||||
|substrate|69,166.77|4,999.98|10,000.00|74,166.79|Related to|
|technology|||||assets|
|R& D fund||||||
|TFT glass||||||
|substrate|4,611,111.06|333,333.36|666,666.70|4,944,444.40|Related to|
|project|||||assets|
|Subsidy||||||
|Investment||||||
|and Subsidies||||||
|within||||||
|Budget for||||||
|Technologica||||||
|l||||||
|Transformati||||||
|on Project by|||||Related to|
|National|6,455,555.57|466,666.68|933,333.33|6,922,222.22||
||||||assets|
|Development||||||
|and Reform||||||
|Commission||||||
|and the||||||
|Ministry of||||||
|Industry and||||||
|Information||||||
|Technology||||||
|TFT glass||||||
|substrate|||||Related to|
||9,222,222.25|666,666.66|1,333,333.33|9,888,888.92||
|project|||||assets|
|Subsidy||||||
|Subsidy||||||
|Major||||||
|Scientific and||||||
|Technical|||||Related to|
|Projects by|461,111.09|33,333.36|66,666.67|494,444.40||
||||||assets|
|Finance||||||
|Bureau of||||||
|Zhengzhou||||||
|City||||||
|Financial||||||
|Supports for||||||
|National Key||||||
|Industry and||||||
|Technical||||||
|Transformati|||||Related to|
||6,455,555.57|466,666.68|933,333.33|6,922,222.22||
|on on|||||assets|
|Projects||||||
|Granted by||||||
|the Municipal||||||
|Finance||||||
|Bureau||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||
|-|-|-|-|-|-|
|Economic||||||
|and||||||
|Technologica||||||
|l||||||
|Development|3,227,777.76|233,333.34|466,666.67|3,461,111.09|Related to|
|Zone Finance|||||assets|
|Bureau||||||
|Industrial||||||
|Development||||||
|Support Fund||||||
|Funds for||||||
|Independent||||||
|Innovation of|||||Related to|
||2,766,666.71|199,999.98|400,000.00|2,966,666.73||
|Provincially|||||assets|
|Supported||||||
|Enterprises||||||
|Supporting||||||
|Funds on|922,222.25|66,666.66|133,333.33|988,888.92|Related to|
|Finance|||||assets|
|Discounts||||||
|Funds for||||||
|Education,||||||
|Science and|||||Related to|
|Culture|691,666.71|49,999.98|100,000.00|741,666.73||
||||||assets|
|Granted by||||||
|the Finance||||||
|Bureau||||||
|Supporting||||||
|Funds for||||||
|Industrial||||||
|Structure||||||
|-adjusting|||||Related to|
||1,368,888.82|93,333.36|186,666.67|1,462,222.13||
|Projects|||||assets|
|Granted by||||||
|the Regional||||||
|Finance||||||
|Bureau||||||
|Industry||||||
||||||Related to|
|discount and|791,111.08|53,333.34|106,666.67|844,444.41||
||||||assets|
|expenses||||||
|Financial|||||Related to|
||2,527,777.84|166,666.68|333,333.33|2,694,444.49||
|discount|||||assets|
|Industrial||||||
|restructuring|||||Related to|
|project|2,853,333.29|160,000.02|320,000.00|3,013,333.27||
||||||assets|
|financial||||||
|funds||||||
|Special||||||
|Funds for||||||
|High-end||||||
|Information||||||
|Industry||||||
|Chain||||||
|Granted by|||||Related to|
|the Finance|3,194,444.43|166,666.68|333,333.33|3,361,111.08||
||||||assets|
|Bureau of the||||||
|Economic||||||
|and||||||
|Technologica||||||
|l l||||||
|Development||||||
|Zone||||||
|2015 project|25,398,566.28|1,145,800.02|2,291,600.16|26,544,366.42|Related to|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||
|-|-|-|-|-|-|
|equipment|||||assets|
|investment||||||
|subsidies||||||
|Zhengzhou C||||||
|ity Finance B||||||
|ureau in 2011||||||
|and 2012 has||||||
|been the acc||||||
|eptance of th|2,065,555.29|86,666.64|173,333.40|2,152,222.05|Related to|
|e provincial i|||||assets|
|ndustrial stru||||||
|cture adjustm||||||
|ent project th||||||
|e second batc||||||
|h of funds||||||
|Project||||||
|subsidy of||||||
|Chongqing||||||
||||||Related to|
|Liangjiang|1,760,000.00|||1,760,000.00||
||||||assets|
|New Area||||||
|Finance||||||
|Bureau||||||
|Equipment||||||
|subsidy of||||||
|Chongqing|||||Related to|
|Liangjiang|880,000.00|||880,000.00||
||||||assets|
|New Area||||||
|Finance||||||
|Bureau||||||
|Investment in||||||
|the Central||||||
|Budget of|||||Related to|
||21,500,000.00|1,000,000.00|2,000,000.00|22,500,000.00||
|Strategic|||||assets|
|emerging||||||
|Industries||||||
|The high-tech||||||
|zone||||||
||||||Related to|
|appropriates|5,013,333.29|213,333.33|426,666.68|5,226,666.64||
||||||assets|
|baseboard||||||
|projects||||||
|Production||||||
||||||Related to|
|line award|16,228,012.57|753,471.70|1,506,943.40|16,981,484.27||
||||||assets|
|fund||||||
|Special fund||||||
|for the||||||
|transformatio||||||
|n of scientific|||||Related to|
||4,887,756.76|317,580.90|635,161.74|5,205,337.60||
|and|||||assets|
|technological||||||
|achievements||||||
|in 2015||||||
|G8.5tft-lcd||||||
|glass||||||
|substrate||||||
|manufacturin||||||
|g precision|||||Related to|
||42,000,000.00|1,500,000.00||40,500,000.00||
|intelligent|||||assets|
|digital||||||
|workshop||||||
|construction||||||
|project||||||
|Investment in|||||Related to|
||2,333,333.56|399,999.96|799,999.93|2,733,333.53||
|the Central|||||assets|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||
|-|-|-|-|-|-|
|Budget of||||||
|Strategic||||||
|emerging||||||
|Industries||||||
|2011Key||||||
|technical|||||Related to|
|transformatio|291,666.78|49,999.98|99,999.96|341,666.76||
||||||assets|
|n project||||||
|funds||||||
|2011Strategic||||||
|emerging||||||
||||||Related to|
|industry|335,416.78|57,499.98|114,999.96|392,916.76||
||||||assets|
|development||||||
|funds||||||
|2012Electron||||||
|ic||||||
|Information||||||
||||||Related to|
|Industry|583,333.22|100,000.02|200,000.04|683,333.24||
||||||assets|
|Development||||||
|Assistance||||||
|Project||||||
|Subsidies||||||
|from the||||||
|Bureau of||||||
|Finance of|||||Related to|
|the Economic|7,799,999.93|400,000.02|800,000.04|8,199,999.95||
||||||assets|
|and||||||
|technological||||||
|Development||||||
|Zone||||||
|2013Strategic||||||
|emerging|||||Related to|
||326,110.98|16,666.68|33,333.46|342,777.76||
|industry|||||assets|
|funds||||||
|Mianyang||||||
|Municipal|||||Related to|
|Bureau of|196,666.64|10,000.02|20,000.00|206,666.62||
||||||assets|
|Finance||||||
|Special funds||||||
|Glass||||||
|substrate||||||
|finishing|||||Related to|
||454,999.98|23,333.34|46,666.68|478,333.32||
|production|||||assets|
|Transformati||||||
|on Project||||||
|Special fund||||||
|subsidy for||||||
|industrial|||||Related to|
|development|360,555.45|18,333.36|36,666.72|378,888.81||
||||||assets|
|of municipal||||||
|financial||||||
|bureau||||||
|2013 fund of||||||
||||||Related to|
|strategic new|3,277,777.74|166,666.68|333,333.36|3,444,444.42||
||||||assets|
|industry||||||
|Sichuan||||||
|Province||||||
|Industrial|||||Related to|
|Transformati|15,708,333.41|724,999.98|1,449,999.96|16,433,333.39||
||||||assets|
|on and||||||
|upgrading||||||
|Project 2015||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||
|-|-|-|-|-|-|
|Special funds||||||
|for Industrial|33,448,382.99|1,601,092.62|3,202,185.24|35,049,475.61|Related to|
|Development|||||assets|
|in 2016||||||
|Technical||||||
|Reformation||||||
|of key Green||||||
||||||Related to|
|Technology|7,700,000.00|280,000.00|560,000.00|7,980,000.00||
||||||assets|
|for Glass||||||
|substrate||||||
|（840）||||||
|Intelligent||||||
|manufacturin||||||
|g pilot||||||
||||||Related to|
|demonstratio|866,666.66|33,333.34|66,666.67|899,999.99||
||||||assets|
|n project||||||
|subsidy fund||||||
|（100）||||||
|Group||||||
|transfer||||||
|subsidy||||||
|(National key||||||
|R & D||||||
|Program, key||||||
|basic|915,400.00|||915,400.00|Related to|
|Materials|||||assets|
|Technology||||||
|Promotion||||||
|and||||||
|industrializati||||||
|on Project,||||||
|2016)||||||
|Intelligent||||||
|Manufacturin|||||Related to|
|g New Mode|3,990,000.00|88,666.68||3,901,333.32||
||||||assets|
|Engineering||||||
|Project||||||
|Annual||||||
|production of||||||
|10 million||||||
|square meters|||||Related to|
|high|4,700,000.00|104,444.44||4,595,555.56||
||||||assets|
|aluminum||||||
|ultra-thin||||||
|display panel||||||
|glass items||||||
|2017 funds||||||
|for||||||
|technological||||||
|Transformati|||||Related to|
||30,000,000.00|666,666.68||29,333,333.32||
|on of|||||assets|
|Electronic||||||
|Information||||||
|Industry||||||
|Subsidy fund||||||
|for technical||||||
|transformatio|||||Related to|
|n of|2,408,000.00|86,000.00||2,322,000.00||
||||||assets|
|industrial||||||
|enterprises in||||||
|Fuzhou||||||
|Technical|||||Related to|
||1,204,000.00|43,000.00||1,161,000.00||
|Transformati|||||assets|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||
|-|-|-|-|-|-|-|
|on of|||||||
|Industrial|||||||
|Enterprises in|||||||
|Fuzhou and|||||||
|supporting|||||||
|subsidy funds|||||||
|in Fuqing|||||||
|City|||||||
|2018|||||||
|Industrial|||||||
|Internet|||||||
|Innovation|||||||
|Development|||||||
|Project and|||||||
|Intelligent||1,880,000.0||||Related to|
|Manufacturin|||45,301.20||1,834,698.80||
|||0||||assets|
|g Integrated|||||||
|Standardizati|||||||
|on and New|||||||
|Model|||||||
|Application|||||||
|Project|||||||
|Subsidy|||||||
|2018|||||||
|Industrial|||||||
|Enterprise|||||||
|technological|||||||
|Transformati||940,000.00|17,090.91||922,909.09|Related to|
|on subsidy||||||assets|
|Fund Fuqing|||||||
|Local|||||||
|supporting|||||||
|Grant|||||||
|2018|||||||
|Industrial|||||||
|Internet|||||||
|Innovation|||||||
|Development|||||||
|Project and|||||||
|Intelligent||||||Related to|
|Manufacturin|43,699,421.97||1,560,693.66||42,138,728.31||
|||||||assets|
|g Integrated|||||||
|Standardizati|||||||
|on and New|||||||
|Model|||||||
|Application|||||||
|Project|||||||
|Subsidy|||||||
|The|||||||
|Development|||||||
|Bureau of|||||||
|Economic|||||||
|and Trade|||||||
|Development|||||||
|of Wuhu|||||||
|Economic||||||Related to|
|and|11,628,153.54||447,236.64|894,473.28|12,075,390.18||
|||||||assets|
|technological|||||||
|Development|||||||
|Zone in 2017|||||||
|"Triple|||||||
|creation"|||||||
|high-end|||||||
|equipment|||||||
|and new|||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||
|-|-|-|-|-|-|
|material||||||
|Glass||||||
|substrate||||||
|production|||||Related to|
|line|30,000,000.00|3,000,000.00||27,000,000.00||
||||||assets|
|transformatio||||||
|n special||||||
|funds||||||
|Tunghsu||||||
|group limited|||||Related to|
|transfer to|150,400.00|||150,400.00||
||||||assets|
|project five||||||
|funds||||||
|China||||||
|National||||||
|Building||||||
|Material||||||
|International||||||
|Engineering|496,000.00|||496,000.00|Related to|
|Group Co.,|||||assets|
|Ltd.||||||
|transferred||||||
|funds for||||||
|11-625||||||
|projects||||||
|Bengbu Glass||||||
|Industry||||||
|Design and||||||
|Research||||||
|Institute Co.,||||||
|Ltd., China|521,000.00|||521,000.00|Related to|
|Building|||||assets|
|Materials||||||
|Co., Ltd.,||||||
|transferred to||||||
|indirect funds||||||
|(subject 4)||||||
|Factory||||||
|building|||||Related to|
|construction|793,075.77|30,570.16|30,699.73|793,205.34||
||||||assets|
|award||||||
|877,500||||||
|Qualification||||||
|acquisition|45,653,100.00|||45,653,100.00|Related to|
|and factory|||||assets|
|rental subsidy||||||
|Special fund||||||
|for|1,914,399.00|||1,914,399.00|Related to|
|automobile|||||assets|
|development||||||
|Project||||||
|subsidy from||||||
|the Bureau of|||||Related to|
|Finance of|5,788,633.30|294,478.50|588,957.06|6,083,111.86||
||||||assets|
|the Economic||||||
|Development||||||
|Zone||||||
|National key||||||
|R & D||||||
|Program key|2,280,000.00|||2,280,000.00|Related to|
|basic|||||assets|
|Materials||||||
|Technical||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||
|-|-|-|-|-|-|
|Project||||||
|subsidy||||||
|Group||||||
|transfer||||||
|subsidy||||||
|(National key||||||
|R & D Plan,||||||
|key basic||||||
|Materials||117,100.00||117,100.00|Related to|
|Technology|||||assets|
|Promotion||||||
|and||||||
|industrializati||||||
|on key||||||
|Special||||||
|Project 2016)||||||
|Group||||||
|transfer||||||
|subsidy||||||
|(National key||||||
|R & D Plan,||||||
|key basic||||||
|Materials||13,200.00||13,200.00|Related to|
|Technology|||||assets|
|Promotion||||||
|and||||||
|industrializati||||||
|on key||||||
|Special||||||
|Project 2016)||||||
|2018 Special||||||
|funds for||||||
||||||Related to|
|technological||600,000.00||600,000.00||
||||||assets|
|transformatio||||||
|n||||||
|Program||||||
|Excellence||||||
||||||Related to|
|Project||400,000.00||400,000.00||
||||||assets|
|Funding||||||
|Allowance.||||||
|2019||||||
|Provincial||||||
|||2,000,000.0|||Related to|
|Science and||||2,000,000.00||
|||0|||assets|
|Technology||||||
|Plan||||||
|National key||||||
|R & D||||||
|Program key||||||
|basic||7,340,000.0||7,340,000.00|Related to|
|Materials||0|||assets|
|Technical||||||
|Project||||||
|subsidy||||||
|Financial||||||
|subsidy for||||||
|the major||||||
|scientific and||||||
|technological|||||Related to|
|achievements|1,000,000.00||33,333.32|966,666.68||
||||||assets|
|transformatio||||||
|n project of||||||
|"High||||||
|Aluminium||||||
|cover Glass||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||
|-|-|-|-|-|-|
|complete||||||
|Technology"||||||
|2017 Special||||||
|Fund for||||||
|Industrial|||||Related to|
|Development|4,275,362.32|217,391.28|434,782.61|4,492,753.65||
||||||assets|
|in Economic||||||
|Development||||||
|Zone||||||
|Intelligent||||||
|factory||||||
|construction||||||
|and||||||
|application of|9,350,000.00|||9,350,000.00|Related to|
|key materials|||||assets|
|and||||||
|components||||||
|for curved||||||
|display||||||
|Key new||||||
||||||Related to|
|product|80,000.10|20,000.06|39,999.98|100,000.02||
||||||assets|
|projects||||||
|Financial||||||
|allocation for||||||
|Strategic|||||Related to|
|emerging|2,754,000.00|153,000.00|306,000.00|2,907,000.00||
||||||assets|
|Industries in||||||
|Sichuan||||||
|Provinc||||||
|Technical||||||
|revamping||||||
|items of||||||
|300,000|472,999.84|43,000.02|86,000.04|515,999.86|Related to|
|production|||||assets|
|Line of||||||
|Pole-less||||||
|Lights Ballast||||||
|Intelligent||||||
|Engineering||||||
|Laboratory of|||||Related to|
|High|1,383,333.21|100,000.02|200,000.04|1,483,333.23||
||||||assets|
|efficiency||||||
|Lighting||||||
|system||||||
|District level||||||
|technical|||||Related to|
|reform|1,500,000.00|1,500,000.00||||
||||||assets|
|project||||||
|subsidy 150||||||
|The subsidy||||||
|for the||||||
|construction||||||
||||||Related to|
|of the factory|1,816,715.17|8,096.93|70,324.39|1,878,942.63||
||||||assets|
|building is||||||
|1,892,900||||||
|yuan||||||
|Glass||||||
|substrate|84,339,018.30|658,196.34|1,316,392.68|84,997,214.64|Related to|
|project|||||assets|
|subsidy fund||||||
|Science and|||||Related to|
||2,287,595.41|||2,287,595.41||
|education|||||assets|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
|support fund||||
|Subsidy for||||
||||Related to|
|post|2,833.74|2,833.74||
||||assets|
|stabilization||||

52.Other Non-current liabilities
Whether implemented new revenue guidelines
□ Yes√No
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|
|Shangao Zhuoyue Financing|400,000,000.00||
|Yingkou coastal financing|108,000,000.00|108,000,000.00|
|Total|508,000,000.00|108,000,000.00|

 Other notes
Note 1: According to the investment contract signed between Tunghsu Group Co., Ltd., Tunghsu (Yingkou) Optoelectronic Display Co., Ltd. and Yingkou Coastal Development and Construction Group Co., Ltd., Yingkou Coastal Development and Construction Group Co., Ltd. has increased the capital of Tunghsu (Yingkou) Optoelectronic Display Co., Ltd. with RMB 108 million. The Company undertakes all the rights and obligations to be fulfilled by Tunghsu Group, with the repurchase no more than RMB 108 million of investment principal of Yingkou Coastal Development and Construction Group Co., Ltd. and the compensation obligation corresponding to1.2%/year investment income involved in total. before June 2024, the equity of Tunghsu Yingkou corresponding to the registered capital of RMB 108 million will be transferred to the Company after the payment of the investment principal of RMB 108 million and1.2%/year investment income is completed.
2: According to the capital increase and stock expansion agreement signed by Tunghsu Photoelectric Technology Co., Ltd., Shanghai Shenlong Bus Co., Ltd. and Shangao (Yantai) Zhuoyue Investment Center (limited partnership), Shangao (Yantai) Zhuoyue Investment Center (limited partnership) has increased the capital of Shanghai Shenlong Bus Co., Ltd. by 400 million yuan. Two years later, Tunghsu PhotoelectricTechnology Co., Ltd. will determine the repurchase price based on the audited net assets per share of Shanghai Shenlong Bus Co., Ltd.
53.Stock capital
In RMB
|||||||||
|-|-|-|-|-|-|-|-|
|||Increase/decrease this time (+ , - )||||||
||Balance||||||Balance|
|||Issuing of new|Bonus|Transferred||||
||Year-beginning||||Other|Subtotal|year-end|
|||share|shares|from reserves||||
||||||||5,730,250,118.00|
|Total shares|5,730,250,118.00|||||||

 54. Other equity instruments
(1) The Basic Information of Other Financial Instruments such as Preferred Stock and Perpetual Bond Outstanding at the End of the Period
(2) Changes in Financial Instruments such as Preferred Stock and Perpetual Bond Outstanding at the End of the Period
55. Capital reserves
In RMB
||||||
|-|-|-|-|-|
|Items|Year-beginning balance|Increase in the current|Decrease in the current|Year-end balance|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||
|-|-|-|-|-|
|||period|period||
|Share premium|21,754,711,018.52|30,005,405.78||21,816,238,799.56|
|Other capital reserves|31,522,375.26|||31,522,375.26|
|Total|21,786,233,393.78|30,005,405.78||21,816,238,799.56|

 Other exlanation, including changes and reasons forchanges：
The main reason is the increase in capital reserve caused of Introduction of investors of the subsidiary company Weiyu of Wuhu Tunghsu Photoelectric Equipment Technology Co., Ltd.
56.Treasury stock
In RMB
||||||
|-|-|-|-|-|
||||Decrease in the current||
|Items|Year-beginning balance|Increase in the current||Year-end balance|
||||period||
|The obligation to|||||
|repurchase equity|4,422,320.00|||4,422,320.00|
|incentive|||||
|Total|4,422,320.00|||4,422,320.00|

 57. Other comprehensive income
In RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
|||Amount of current period|||||||
||||Less：||||||
|||||Less：Prior|||||
||||Amount||||||
|||||period|||||
||||transferred|||After-ta|After-ta||
|||||included|||||
||||into profit||||||
||Year-beginn|Amount|and loss in|in other|Less：|x|x|Year-end|
|Items||||composite||attribute|attribute||
||ing balance|incurred|the current|income|Income|to the|to|balance|
|||before|period that||tax||||
|||||transfer to||parent|minority||
|||income tax|recognied||expenses||||
|||||retained||compan|sharehol||
||||into other|income in||y|der||
||||comprehensi||||||
|||||the current|||||
||||ve income in||||||
|||||period|||||
||||prior period||||||
|2.Other comprehensive income|||||||||
|reclassifiable to profit or loss in|-29,175.80|||||||-29,175.80|
|subsequent periods|||||||||
|Balance form the translation of|||||||||
|foreign currency financial|-29,175.80|||||||-29,175.80|
|statements|||||||||
|Total of Other comprehensive||||||||-29,175.80|
||-29,175.80||||||||
|income|||||||||

58. Special reserves
In RMB
||||||
|-|-|-|-|-|
||||Decrease in the current||
|Items|Year-beginning balance|Increase in the current||Year-end balance|
||||period||
|Safety production cost|12,614,331.35|2,075,391.67|1,812,566.21|12,877,156.81|
|Total|12,614,331.35|2,075,391.67|1,812,566.21|12,877,156.81|

 59. Surplus reserve
In RMB
||||||
|-|-|-|-|-|
|Items|Year-beginning balance|Increase in the current|Decrease in the current|Year-end balance|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||
|-|-|-|-|-|
|||period|period||
|Statutory surplus reserve|245,507,019.95|||245,507,019.95|
|Total|245,507,019.95|||245,507,019.95|

 60. Retained profits
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Retained earnings before adjustments at the yearbeginning|||
||4,750,977,557.86|3,009,860,755.82|
|Retained earnings after adjustments at the yearend|||
||4,750,977,557.86|3,009,860,755.82|
|Add: Net profit attributable to owners of theCompany for the period|||
||844,176,169.98|2,163,607,505.39|
|Less: Appropriation to statutory surplus reserve||21,373,195.09|
|Common stock dividend payable|401,117,508.26|401,117,508.26|
|Common stock dividends converted to shares|5,194,036,219.58|4,750,977,557.86|

 As regards the details of adjusted the beginning undistributed profits
(1)As the retroactive adjustment on Enterprise Accounting Standards and its related new regulations, the affected beginning undistributed profits are RMB 0.00.
(2) As the change of the accounting policy, the affected beginning undistributed profits are RMB 0.00.
(3) As the correction of significant accounting error, the affected beginning undistributed profits are RMB 0.00 . (4) As the change of consolidation scope caused by the same control, the affected beginning undistributed profits are RMB 0.00
(5) Other adjustment of the total affected beginning undistributed profits are RMB 0.00 .
61. Business income, Business cost
In RMB
||||||
|-|-|-|-|-|
||Amount of current period||Amount of previous period||
|Items|||||
||Income|Cost|Income|Cost|
|Main business|8,175,566,352.37|6,401,682,155.35|9,999,123,145.77|8,447,438,316.36|
|Other business|299,522,870.56|170,211,061.59|1,130,728,645.11|574,551,580.73|
|Total|8,475,089,222.93|6,571,893,216.94|11,129,851,790.88|9,021,989,897.09|

 Whether implemented new revenue guidelines
□ Yes√No
Other notes
62. Business tax and subjoin
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Urban construction tax|11,762,133.66|13,771,482.99|
|Education surcharge|8,444,523.53|10,156,508.49|
|Property tax|12,524,959.32|6,512,792.08|
|Land use tax|9,661,644.39|10,858,460.78|
|vehicle and vessel usage tax|57,245.66|39,819.43|
|Stamp tax|2,760,842.32|4,395,608.94|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Land VAT|357,537.50|140,193,026.84|
|Other|1,158,227.26|168,421.15|
|Total|46,727,113.64|186,096,120.70|

 Other notes
The decrease in the current period compared with the same period last year is mainly due to the realization of sales income of Beijing Xufeng Real Estate Co., Ltd., a subsidiary of the previous period, and the increase in land value-added tax
63.Sales expenses
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Wage and welfare insurance|39,543,142.17|32,420,959.74|
|Shipment|46,954,680.10|25,834,245.26|
|Travel|17,795,433.29|7,538,832.95|
|Business expenses|14,498,461.05|8,817,205.59|
|Office fee|5,001,103.44|3,923,420.20|
|Consumables and repairs|1,298,294.17|562,745.82|
|Depreciation|807,590.31|730,676.07|
|Advertising|2,880,968.06|963,064.93|
|Consultancy services|15,297,062.04|6,399,309.05|
|\Technology Services|8,290,060.23|3,967,469.34|
|Other|3,445,921.68|2,734,763.47|
|Total|155,812,716.54|93,892,692.42|

 64. Administrative expenses
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Wage and additional cost|141,870,875.73|82,041,857.60|
|Business expenses|8,386,889.15|7,359,258.97|
|Labor protect fee|762,086.89|1,128,621.91|
|Office fees|7,209,981.58|6,110,342.22|
|Travel fees|6,119,421.21|8,120,703.11|
|Publicize Fees|5,973,770.82|3,787,328.88|
|Miscellaneous charges|8,227,361.97|7,514,986.97|
|Depreciation accumulative|40,297,337.40|39,025,365.01|
|Low value consumables and repair costs|9,388,453.22|3,471,887.09|
|Consultation fees|30,543,975.24|21,680,834.70|
|Miscellaneous charges|18,514,104.80|17,785,438.11|
|Other|4,823,766.56|6,844,771.15|
|Total|282,118,024.57|204,871,395.72|

 65.R&D Expense
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Labor cost|98,420,080.80|95,137,006.74|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Material expenses|81,502,054.72|61,686,515.46|
|Test inspection fee|12,928,490.64|6,905,691.51|
|Hydropower and gas charge|9,625,875.56|5,292,844.69|
|Depreciation expenses|8,263,939.04|6,786,419.52|
|Amortization of Intangible assets|5,510,235.32|4,088,319.47|
|Other|5,076,847.15|5,209,509.65|
|Total|221,327,523.23|185,106,307.04|

 66. Financial expenses
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Interest expenses|588,567,514.28|595,740,917.45|
|Less：Interest income|228,977,031.09|198,162,232.24|
|Net interest expenses|359,590,483.19|397,578,685.21|
|Exchange gains and losses|-2,865,260.20|-11,686,449.38|
|Commission charge|3,125,586.70|2,132,029.71|
|Note discount rate|1,161,678.46|4,213,453.93|
|Financing|5,747,000.00|2,829,302.85|
|Other|1,330,607.81|160,093.98|
|Total|368,090,095.96|395,227,116.30|

 67.Other gains
In RMB
||||
|-|-|-|
|Items|Amount of this period|Amount of last period|
|Government subsidy|222,438,371.95|108,362,056.52|
|Personal income tax fee|213,367.22||
|Total|222,651,739.17|108,362,056.52|

 68. Investment income
In RMB
||||
|-|-|-|
|Items|Amount of this period|Amount of last period|
|Long-term equity investment income by equity|||
||17,437,895.79|11,836,624.48|
|method|||
|Disposal of investment income from long-term|||
||4,366,241.83|-2,053,558.36|
|equity investments|||
|Financing income|246,200.42|13,923,452.07|
|Total|22,050,338.04|23,706,518.19|

 69.Net exposure hedging income
70. Gains on the changes in the fair value
71. Credit impairment loss
In RMB
||||
|-|-|-|
|Items|Amount of this period|Amount of last period|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||
|-|-|
|Loss of bad debts in other receivables|1,577,060.92|
|Loss of bad debts in Long-term receivable|-140,357.02|
|Loss of bad accounts receivable|-11,104,066.62|
|Total|-9,667,362.72|

72. Losses from asset impairment
Whether implemented new revenue guidelines
□ Yes√No
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|I. Bad debt loss||5,903,665.15|
|II.Losses for falling price of inventory|-1,753,608.15|-6,962,254.46|
|Total|-1,753,608.15|-1,058,589.31|

 73. Assets disposal income
In RMB
||||
|-|-|-|
|Source|Amount of current period|Amount of previous period|
|Non-current assets disposal gains and losses||-664,826.45|
|Including：Income from disposal of fixed assets||-664,826.45|
|Total||-664,826.45|

 74. Non-Operation income
In RMB
|||||
|-|-|-|-|
|Items|Amount of current period|Amount of previous period|Recorded in the amount of the|
||||non-recurring gains and losses|
|Debt restructuring gains||484,207.00||
|Government Subsidy||320,000.00||
|Net fine income|5,241,663.64|95,955.07|5,241,663.64|
|Other|2,678,264.54|5,045,734.86|2,678,264.54|
|Total|7,919,928.18|5,945,896.93|7,919,928.18|

 Government subsidy reckoned into current gains/losses
In RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||Whether the|||||
|||||impact of|Whhether|Amount of|Amount of|Assets-relate|
|Subsidy||Issuing||subsidies on|||||
||Issuing body||Nature||special|current|previous|d/income|
|items||reason||the current|||||
|||||profit and|subsidies|period|period|–related|
|||||loss|||||
||||Grants||||||
|Special fundfor utilization|||obtained due||||||
||Fuqing||||||||
||||to the country||||||
|of foreign|Municipal|Subsidy|encourage|No|No||300,000.00|Related to|
||Finance||and support|||||income|
|capital in2017|Bureau||specific||||||
||||industries||||||
||||(Obtained in||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||||
|-|-|-|-|-|-|-|-|
||||accordance|||||
||||with the|||||
||||national|||||
||||policies and|||||
||||regulations)|||||
||||Grants|||||
||||obtained due|||||
||||to the country|||||
||||encourage|||||
||Huzhou||and supportspecific|||||
|Listing|Municipal|Subsidy|industries|No|No|20,000.00|Related to|
|subsidy|Finance||||||income|
||Bureau||(Obtained inaccordance|||||
||||with the|||||
||||national|||||
||||policies and|||||
||||regulations)|||||

75.Non-Operation expense
In RMB
|||||
|-|-|-|-|
||Amount of current period|Amount of previous period|The amount of non-operating|
|Items||||
||||gains & lossed|
|Donation expense|368,000.00|268,500.00|368,000.00|
|Non current assets disposal loss|184,895.35||184,895.35|
|Penalty|1,310,728.37|2,038,214.22|1,310,728.37|
|Other|451,804.25|461,097.79|451,804.25|
|Total|2,315,427.97|2,767,812.01|2,315,427.97|

 76. Income tax
(1) Details of income tax
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Current Income tax|231,281,445.58|266,217,607.40|
|Deferred income tax|-44,372,727.73|15,913,168.84|
|Total|186,908,717.85|282,130,776.24|

（2）Accounting profit and tax expense adjustment process
InRMB
|||
|-|-|
|Items|Amount of current period|
|Total profit|1,068,006,138.60|
|Income tax expense at statutory / applicable tax rates|160,200,920.79|
|Effect of different tax rates applicable to subsidiaries|26,039,381.37|
|Income tax adjustments on prior periods|-2,191,187.78|
|Effect of non-taxable income|-2,615,684.37|
|Affect the use of deferred tax assets early unconfirmed deductible losses|-1,238,518.44|
|Affect the use of deferred tax assets early unconfirmed deductible losses|-4,527,416.27|
|The current period does not affect the deferred tax assets recognized||
||11,241,222.55|
|deductible temporary differences or deductible loss||
|Income tax expense|186,908,717.85|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 77 .Other comprehensive income
Refer to Notes 57.
78.Items of Cash flow statement
（1）Other cash received from business operation
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Interest income|17,952,132.76|2,562,489.64|
|Government subsidy|95,537,184.98|61,907,216.56|
|Deposits income|428,460,518.83|638,622,319.42|
|Other|26,970,627.67|27,459,273.74|
|Total|568,920,464.24|730,551,299.36|

 (2)Other cash paid related to operation activities
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Deposit|667,549,135.01|1,021,839,493.62|
|Petty cash|45,890,764.66|9,329,418.54|
|Travel expenses|19,457,400.77|20,052,329.77|
|Period expenses paid in cash|274,373,494.91|284,959,912.60|
|Total|1,007,270,795.35|1,336,181,154.53|

 (3)Cash received related to other investment activities
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Fixed deposit|1,121,010,000.00|200,000,000.00|
|Short-term financing|219,330,013.92||
|Total|1,340,340,013.92|200,000,000.00|

（4）Other Cash payable related to investment activities
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Current account|123,910,471.26|317,956,820.99|
|Deposit|120,014,093.45||
|At the date of disposal, the company's|||
|book cash was greater than the cash|1,660,110.29||
|received for disposal.|||
|Short-term financing|98,424,142.25||
|Fixed deposit|102,860,933.44||
|Equity payments paid to the former|||
||96,992,730.30||
|shareholders of the pre-acquired subsidiary|||
|Other||280,256.00|
|Total|543,862,480.99|318,237,076.99|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019（5）Other cash received in relation to financing activities
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Interest income|164,395,034.45|210,076,517.70|
|Finance lease||280,000,000.00|
|Debt financing|1,025,920,000.00||
|Current account|683,475,875.24|75,708,760.40|
|Total|1,873,790,909.69|565,785,278.10|

（6）Other Cash payable related to Financing activities
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Bank charges|66,267.88|2,106,071.31|
|Credit deposit||4,076,591.14|
|Bank Financing expenses|1,250,000.00|1,900,000.00|
|Finance lease|566,862,486.56|299,742,705.14|
|Current account|13,207,962.70|332,177,258.30|
|Total|581,386,717.14|640,002,625.89|

 79. Supplement Information for cash flow statement
（1）Supplement Information for cash flow statement
In RMB
||||
|-|-|-|
|Supplement Information|Amount of current period|Amount of previous period|
|I. Adjusting net profit to cash flow from|||
||--|--|
|operating activities|||
|Net profit|881,097,420.75|894,060,729.24|
|Add: Impairment loss provision of assets|||
||11,420,970.87|1,058,589.31|
|Depreciation of fixed assets, oil and gas|||
||419,542,743.66|475,906,123.13|
|assets and consumable biological assets|||
|Amortization of intangible assets|24,600,846.64|42,850,991.09|
|Amortization of long-term deferred expenses|3,825,574.17|10,182,574.85|
|Loss on disposals of fixed assets, intangible|||
|assets and other long-term assets ("-" for||664,826.45|
|gains)|||
|Loss on write-off of fixed assets|184,895.35||
|Financial cost|434,556,225.47|588,837,294.67|
|Investment losses|-22,050,338.04|-23,706,518.19|
|Decrease in deferred income tax assets|-39,451,085.58|23,648,059.15|
|Increased in deferred income tax liabilities|-4,921,642.15|2,146,288.22|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Decrease in inventories|||
||-1,243,527,296.77|703,598,779.36|
|Decease in operating receivables|2,382,171,230.52|-16,508,886,465.22|
|Increase in operating payables|-2,253,101,476.73|13,873,256,015.60|
|Cash flows from operating activities|594,348,068.16|83,617,287.66|
|2.Significant investment and financing|||
||--|--|
|activities not affecting cash flows|||
|3．Changes in cash and cash equivalents：|--|--|
|Ending balance of cash|15,387,019,894.38|21,442,933,365.47|
|Less: Beginning balance of cash|14,916,637,291.04|25,114,660,756.25|
|Net increase of cash and cash equivalents|470,382,603.34|-3,671,727,390.78|

 (2) Cash paid for acquiring subsidiaries and other business units
In RMB
|||
|-|-|
||金额|
|Including：|--|
|Including：|--|
|Add： Cash or cash equivalents paid in the current period for||
||96,992,730.30|
|business combinations in the previous period||
|Including：|--|
|Guangxi Sunlong Automobile Manufacture Co., Ltd.|91,992,730.30|
|Suzhou Tengda Optics Technology Co., Ltd.|5,000,000.00|
|Obtain the net cash paid by the subsidiary|96,992,730.30|

 (3) Net Cash receive of disposal of the subsidiary
In RMB
|||
|-|-|
||Amount|
|Cash or cash equivalents received by the disposal company in the||
||0.00|
|current year||
|Including：|--|
|WuhanTunghsu Optoelectronic Technology Co., Ltd.|0.00|
|Cheng Construction Co., Ltd.|0.00|
|Less：Cash and cash equivalents held by a controlling subsidiary|1,660,110.29|
|Including：|--|
|WuhanTunghsu Optoelectronic Technology Co., Ltd.|1,558,524.13|
|Zhongcheng Guojian Co., Ltd.|101,586.16|
|Including：|--|
|Net cash received from disposal subsidiaries|-1,660,110.29|

（4）Composition of cash and cash equivalents
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-beginning|
|I. Cash|15,387,019,894.38|14,916,637,291.04|
|Including: cash in treasury|||
||3,242,652.56|2,593,055.78|
|Bank savings could be used at any time|15,383,782,402.29|14,914,044,235.26|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|III. Balance of cash and cash equivalents at|15,387,019,894.38|14,916,637,291.04|
|the period end|||
|Including： Use of restricted cash and cash|||
|equivalents by parent companies or|4,221,140,438.53|4,890,457,106.12|
|subsidiaries within the group|||

80. Note of statement of changes in the owner's equity
81. The assets with the ownership or use right restricted
In RMB
||||
|-|-|-|
|Items|Closing Net carrying amount|Causation of limitation|
|||Mainly for acceptance of bill of exchange|
|Cash and bank balances|4,221,140,438.53|security, time deposit certificate and|
|||guarantee bond, etc.|
|Inventory|286,588,819.60|Mortgage loans|
|||Set up the mortgage and the fixed assets of|
|Fixed assets|10,023,924,207.63||
|||the financial lease|
|Intangible assets|444,132,103.11|Pledge loans|
|Construction in progress|2,387,597,640.81|Pledge loans|
|Investment property|663,577,011.23|Pledge loans|
|Account receivable|1,739,594,424.68|Factoring financing|
|Total|19,766,554,645.59|--|

82. Foreign currency monetary items
(1) Foreign currency monetary items
In RMB
|||||
|-|-|-|-|
||Closing foreign currency||Closing convert to RMB|
|Items||Exchange rate||
||balance||balance|
|Cash and bank balances|--|--||
|Including：USD|2,816,715.22|6.8747|19,364,072.36|
|Euro|8,576.60|7.8170|67,043.29|
|HKD|3,553,929.94|0.8797|3,126,391.98|
|yen|77,501,332.59|0.0638|4,945,825.03|
|Account receivable|--|--||
|Including：USD|27,138,595.64|6.8747|186,569,703.46|
|Euro||||
|HKD|3,619,241.20|0.8797|3,183,846.48|
|yen|1,077,297,872.00|0.0638|68,748,841.00|
|Long-term loans|--|--||
|Including：USD|4,000,000.00|6.8747|27,498,800.00|
|Euro||||
|HKD||||
|Account payable||||
|Including：USD|17,526,645.22|6.8747|120,490,427.92|
|Euro|14,538,916.21|7.8170|113,650,708.05|
|HKD|906,708.76|0.8797|797,631.70|
|YEN|290,863,606.91|0.0638|18,561,751.94|
|GBP|1,418,980.38|8.7113|12,361,163.79|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 (2) Note to overseas operating entities, including important overseas operating entities, wich should be disclosed about its principal business place, function currency for bookkeeping and basis for the choice. In case of any change in function currency, the cause should be disclosed.
□ Applicable√ Not applicable
83. Hedging
84.Govemment subsidy
1）Government subsidies confirmed in current period
In RMB
|||||
|-|-|-|-|
||||Amount included|
|Type|Amount|Items|in current profit|
||||or loss|
|Subsidy fund for technological transformation of industrial||||
||1,880,000.00|Deferred income|45,301.20|
|enterprises in 2018||||
|Industrial enterprise technical transformation subsidy funds||||
||940,000.00|Deferred income|17,090.91|
|for Fuqing local supporting subsidy in 2018||||
|Group transfer subsidy (National key R & D Plan, key basic||||
|Materials Technology Promotion and industrialization key|117,100.00|Deferred income||
|Special Project 2016)||||
|Group transfer subsidy (National key R & D Plan, key basic||||
|Materials Technology Promotion and industrialization key|13,200.00|Deferred income||
|Special Project 2016)||||
|Special fund for technological transformation in 2018|600,000.00|Deferred income||
|Project fund subsidy for Excellence Plan|400,000.00|Deferred income||
|Provincial science and technology plan in 2019|2,000,000.00|Deferred income||
|Special fund for provincial industrial development|7,340,000.00|Deferred income||
|Special fund for scientific and technological achievement||||
||317,580.90|Other income|317,580.90|
|transformation in 2015||||
|Award for industry-intensive towns in 2018|15,000.00|Other income|15,000.00|
|Award for industry-intensive towns in 2018|80,000.00|Other income|80,000.00|
|Labor and employment management center post||||
||33,098.25|Other income|33,098.25|
|stabilization subsidy||||
|Development and reform and economic information||||
||50,000.00|Other income|50,000.00|
|industry awards||||
|Investment and Subsidies of “Double Hundred Plan”||||
|Project granted by the People's Government of Henan|100,000.02|Other income|100,000.02|
|Province||||
|TFT glass substrate technology R& D fund|4,999.98|Other income|4,999.98|
|TFT glass substrate project Subsidy|333,333.36|Other income|333,333.36|
|Investment and Subsidies within Budget for Technological||||
|Transformation Project by National Development and|466,666.68|Other income|466,666.68|
|Reform Commission and the Ministry of Industry and||||
|Information Technology||||
|TFT glass substrate project Subsidy|666,666.66|Other income|666,666.66|
|Subsidy Major Scientific and Technical Projects by Finance||||
||33,333.36|Other income|33,333.36|
|Bureau of Zhengzhou City||||
|Financial Supports for National Key Industry and Technical||||
|Transformation on Projects Granted by the Municipal|466,666.68|Other income|466,666.68|
|Finance Bureau||||
|Economic and Technological Development Zone Finance||||
||233,333.34|Other income|233,333.34|
|Bureau Industrial Development Support Fund||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
|Funds for Independent Innovation of Provincially||||
||199,999.98|Other income|199,999.98|
|Supported Enterprises||||
|Supporting Funds on Finance Discounts|66,666.66|Other income|66,666.66|
|Funds for Education, Science and Culture Granted by the||||
||49,999.98|Other income|49,999.98|
|Finance Bureau||||
|Supporting Funds for Industrial Structure -adjusting||||
||93,333.36|Other income|93,333.36|
|Projects Granted by the Regional Finance Bureau||||
|Industry discount and expenses|53,333.34|Other income|53,333.34|
|Henan State-owned assets holding Operation Co., Ltd.||||
||166,666.68|Other income|166,666.68|
|Financial discount||||
|The first batch of financial funds of industrial structure||||
||160,000.02|Other income|160,000.02|
|adjustment project in 2013.||||
|Special Funds for High-end Information Industry Chain||||
|Granted by the Finance Bureau of the Economic and|166,666.68|Other income|166,666.68|
|Technological l Development Zone||||
|2015 project equipment investment subsidies|1,145,800.02|Other income|1,145,800.02|
|Zhengzhou City Finance Bureau in 2011 and 2012 has been||||
|the acceptance of the provincial industrial structure adjust|86,666.64|Other income|86,666.64|
|ment project the second batch of funds||||
|Received new material insurance money from the Chinese||||
||1,895,092.94|Other income|1,895,092.94|
|people's property insurance||||
|After receiving the research and development expenses of||||
|Zhengzhou science and technology enterprises in 2018,|6,000,000.00|Other income|6,000,000.00|
|special funds will be subsidized||||
|Received patent grant from Zhengzhou Economic and||||
||18,400.00|Other income|18,400.00|
|Technological Development Zone Management Committee||||
|High-tech enterprise subsidy in 2018|200,000.00|Other income|200,000.00|
|Investment in strategic emerging industry projects within||||
||399,999.96|Other income|399,999.96|
|the budget of the central government||||
|Fund for municipal key technological transformation||||
||49,999.98|Other income|49,999.98|
|projects in 2011||||
|Fund for strategic emerging industry development||||
||57,499.98|Other income|57,499.98|
|promotion in 2011||||
|Projects supported by the electronic information industry||||
||100,000.02|Other income|100,000.02|
|development fund in 2012||||
|Subsidy of Economic and Technological Development||||
||400,000.02|Other income|400,000.02|
|Zone Finance Bureau||||
|Glass substrate finishing achievement transformation||||
||23,333.34|Other income|23,333.34|
|project||||
|Industrial transformation and upgrading projects in Sichuan||||
||724,999.98|Other income|724,999.98|
|Province in 2015||||
|Fund for strategic emerging industries in 2013|16,666.68|Other income|16,666.68|
|Special fund of Mianyang Municipal Finance Bureau|10,000.02|Other income|10,000.02|
|Special fund subsidy for industrial development of||||
||18,333.36|Other income|18,333.36|
|Municipal Finance Bureau||||
|Funds allocated by the Economic Development Zone||||
|Government on behalf of the Provincial Finance|166,666.68|Other income|166,666.68|
|Department for strategic emerging industries in 2013||||
|Special fund for industrial development in Economic||||
||1,601,092.62|Other income|1,601,092.62|
|Development Zone in 2016||||
|Subsidy for project of Economic Development Zone||||
||294,478.50|Other income|294,478.50|
|Finance Bureau||||
|Special fund for industrial development in Economic||||
||217,391.28|Other income|217,391.28|
|Development Zone in 2017||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
|Transformation project of high strength and ultrathin||||
|aluminosilicate touch screen glass production based on float|33,333.32|Other income|33,333.32|
|process||||
|Intelligent manufacturing new mode project|88,666.68|Other income|88,666.68|
|Cover glass project for ultra-thin aluminum displays with||||
||104,444.44|Other income|104,444.44|
|an annual output of 10 million square meters||||
|Provincial industrial development in 2018|550,000.00|Other income|550,000.00|
|Disaster relief for industrial development in flood season|135,200.00|Other income|135,200.00|
|Special project for technical transformation of electronic||||
||666,666.68|Other income|666,666.68|
|information industry in 2017||||
|Second batch for Economic Development Zone in 2018||||
||81,000.00|Other income|81,000.00|
|-patent subsidy||||
|Development of science and technology in the Economic||||
||200,000.00|Other income|200,000.00|
|Development Zone in 2018||||
|Patent subsidy|9,000.00|Other income|9,000.00|
|Land tax refund for coastal industrial bases|300,000.00|Other income|300,000.00|
|Subsidy fund for glass substrate project|658,196.34|Other income|658,196.34|
|Foreign trade funds for business development in 2018|30,000.00|Other income|30,000.00|
|Provincial-level intellectual property rights compliance||||
||20,000.00|Other income|20,000.00|
|award supplement in 2018||||
|Subsidy for infrastructure (land refund)|1,122,300.00|Other income|1,122,300.00|
|Industrial revitalization and technological transformation||||
||116,666.64|Other income|116,666.64|
|projects||||
|Subsidy for "Three Majors and One Innovation" emerging||||
||447,236.64|Other income|447,236.64|
|industries||||
|Technological transformation|133,333.33|Other income|133,333.33|
|Subsidy fund for glass substrate project|500,000.00|Other income|500,000.00|
|Industrial development fund|233,333.33|Other income|233,333.33|
|Financial discount of project|15,666.67|Other income|15,666.67|
|Subsidy for industrial revitalization and technological||||
||3,257,666.67|Other income|3,257,666.67|
|transformation projects||||
|Special fund subsidy for provincial strategic emerging||||
||166,666.67|Other income|166,666.67|
|industries||||
|Special fund for technological transformation|1,078,000.00|Other income|1,078,000.00|
|Fund for strategic emerging industry development projects|1,000,000.00|Other income|1,000,000.00|
|Funds allocated by High-tech Zone for substrate projects|213,333.33|Other income|213,333.33|
|Reward fund for production line|753,471.70|Other income|753,471.70|
|Green key technological transformation of glass substrate||||
||280,000.00|Other income|280,000.00|
|(840)||||
|Subsidy fund for intelligent manufacturing pilot||||
||33,333.34|Other income|33,333.34|
|demonstration project (100)||||
|Subsidy for district-level technical transformation projects:||||
||1,500,000.00|Other income|1,500,000.00|
|150||||
|Reward fund for product research and development|86,464.80|Other income|86,464.80|
|Recommended catalogue subsidy|400,000.00|Other income|400,000.00|
|Incentive funds for offshore R&D institutions in 2018|35,000,000.00|Other income|35,000,000.00|
|Trainee subsidy|67,200.00|Other income|67,200.00|
|Incentive funds for offshore R&D institutions in 2018|294,000.00|Other income|294,000.00|
|Special funds for science and technology for municipal||||
||720,000.00|Other income|720,000.00|
|industry guiding funds in 2018||||
|Provincial industrial transformation funds in 2018|450,000.00|Other income|450,000.00|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
|Provincial industry prospective projects allocated by year in||||
||300,000.00|Other income|300,000.00|
|2018||||
|Provincial subsidy for enterprise research and development||||
||300,000.00|Other income|300,000.00|
|expenses in 2018||||
|Discount on loans|607,800.00|Other income|607,800.00|
|Economic growth support in the fourth quarter of 2018|400,000.00|Other income|400,000.00|
|Funding for research and development in 2017|57,000.00|Other income|57,000.00|
|Wangcheng Economic Development Zone Enterprise||||
||160,000.00|Other income|160,000.00|
|Compliance Award||||
|Tax revenue return|1,084,000.00|Other income|1,084,000.00|
|Research fees for the 13th five-year plan|21,400.00|Other income|21,400.00|
|Direct Funds of China Building Materials International||||
||72,000.00|Other income|72,000.00|
|Engineering Group Co., Ltd. (4-110) (Topic 3)||||
|Drawback.|94,685,000.00|Other income|94,685,000.00|
|Tax incentives|13,353,000.00|Other income|13,353,000.00|
|High-tech enterprise subsidy|50,000.00|Other income|50,000.00|
|Tax revenue reward|56.72|Other income|56.72|
|Tax incentives in 2018|1,345,800.00|Other income|1,345,800.00|
|Tax incentives in 2018|160,000.00|Other income|160,000.00|
|Tax incentives in 2018|400,000.00|Other income|400,000.00|
|Tax incentives|110,000.00|Other income|110,000.00|
|Industry-incentive park award|50,000.00|Other income|50,000.00|
|Industrial support fund|1,117,500.00|Other income|1,117,500.00|
|Subsidy fund for technological transformation of industrial||||
||86,000.00|Other income|86,000.00|
|enterprises in Fuzhou City||||
|Fuqing supporting subsidy for technological transformation||||
||43,000.00|Other income|43,000.00|
|of industrial enterprises in Fuzhou City||||
|G8.5 TFT-LCD glass substrate precision intelligent||||
||1,500,000.00|Other income|1,500,000.00|
|manufacturing digital workshop construction project||||
|Project subsidy for industrial internet innovation||||
|development project and integrated standardization and new|1,560,693.66|Other income|1,560,693.66|
|mode application of intelligent manufacturing in 2018||||
|Import awards in 2018|200,000.00|Other income|200,000.00|
|Urban bus subsidy of Municipal Finance Bureau|6,232,555.60|Other income|6,232,555.60|
|Key new product projects|20,000.06|Other income|20,000.06|
|Financial fund for strategic emerging industries in Sichuan||||
||153,000.00|Other income|153,000.00|
|Province||||
|Technical transformation project of 300,000 sets of||||
||43,000.02|Other income|43,000.02|
|electrodeless lamp ballast production line||||
|Intelligent Engineering Laboratory of High Efficiency||||
||100,000.02|Other income|100,000.02|
|Lighting System||||
|Tax return for Huaying City Finance Bureau in 2016 and||||
||1,894,975.00|Other income|1,894,975.00|
|2017||||
|The surtax in the first quarter and the tax reduction policy||||
|for small-scale taxpayers in the current period are|1,004.17|Other income|1,004.17|
|applicable, with a reduction rate of 50%||||
|Tax Preferences|1,106.78|Other income|1,106.78|
|financial aid|25,800.00|Other income|25,800.00|
|Dynamic monitoring subsidy for unemployment|300.00|Other income|300.00|
|Subsidy for post stabilization|2,833.74|Other income|2,833.74|
|Employment subsidy|7,650.00|Other income|7,650.00|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
|Subsidy fund for sales income|15,348,600.00|Other income|15,348,600.00|
|Spring festival solatium in 2019|50,000.00|Other income|50,000.00|
|Bonus for automobile in the consumption month|8,126,000.00|Other income|8,126,000.00|
|Plant building award is 875,500 yuan|30,570.01|Other income|30,570.01|
|Plant counstruction Subsidy is 1.8929 million|8,096.93|Other income|8,096.93|
|Plant relocation|167,498.60|Other income|167,498.60|
|Plant relocation|100,000.00|Other income|100,000.00|
|Small-to-regular|1,118,390.00|Other income|1,118,390.00|
|Patent award|2,400.00|Other income|2,400.00|
|Huzhou special award|350,000.00|Other income|350,000.00|
|Special fund for glass substrate production line||||
||3,000,000.00|Other income|3,000,000.00|
|transformation||||

（2）Government subsidy return
□ Applicable√Not applicable
Other notes
85.Other
VIII.Changes of consolidation scope
1.Enterprise consolidation not under the same control
(1)Enterprise consolidation not under the same control in reporting period
(2)Consolidation Cost and Goodwill
(3) The identifiable assets and liabilities of acquiree at purchase date
(4) The profit or loss from equity held by the date before acquisition in accordance with the fair value
measured again
Whether there is a transaction that through multiple transaction step by step to realize enterprises merger and gaining the controlduring the reporting period
□ Yes√ No
(5) Note to merger could not be determined reasonable consideration or Identifiable assets, Fair value of
liabilities of the acquiree at acquisition date or closing period of the merge
（6）Other notes
2. Business combination under the same control
(1) Business combination under the same control during the reporting period
(2)Consolidation Cost
(3) The identifiable assets and liabilities of acquiree at purchase date
3. Counter purchase
4. The disposal of subsidiary
Whether there is a single disposal of the investment to subsidiary and lost control
√ Yes□No
In RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||Determi|The|Proporti|The Net|The fair|Regainin|Determin|The|
||Equity|Equity||Loss of|ning the|differenc|on of|carrying|value of|g gains|ation of|amount|
||||Disposal||||||||||
|Name|disposal|disposal||control|basis for|e|remainin|amount|the|or losses|the fair|of other|
||||of equity||||||||||
||price|ratio||point|the loss|between|g stocks|of the|remainin|arising|value of|compreh|
||||||of|the|at the|remainin|g equity|from|the|ensive|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||control|disposal|date of|g equity|at the|re-measu|remainin|income|
|||||||price and|loss of|at the|date of|rement|g equity|related to|
|||||||the share|control|date of|loss of|of the|at the|the|
|||||||of the||loss of|control|remainin|date of|atomic|
|||||||subsidiar||control||g equity|loss of|company|
|||||||y's net||||at fair|control|'s equity|
|||||||assets at||||value|rights|investme|
|||||||the level|||||and its|nt|
|||||||of the|||||main|transferr|
|||||||consolid|||||assumpti|ed to|
|||||||ated|||||ons|investme|
|||||||financial||||||nt profit|
|||||||statemen||||||and loss|
|||||||t|||||||
|||||||correspo|||||||
|||||||nding to|||||||
|||||||the|||||||
|||||||disposal|||||||
|||||||of the|||||||
|||||||investme|||||||
|||||||nt|||||||
|||||January|Receivedconsider||||||||
|Wuhan|||||||||||||
|Tunghsu|3,247,20|100.00%|Sell|1,|ation and|14,292,3|0.00%|0.00|0.00|0.00|0|0.00|
|Optoelec|0.00|||||43.65|||||||
|tronic||||2019|lostcontrol||||||||
||||||Receivedconsider||||||||
|Zhongch|||||||||||||
|eng|40,000,0|70.00%|Sell|June 28,|ation and|46,123,1|0.00%|0.00|0.00|0.00|0|0.00|
|Guojian|00.00|||2019||13.92|||||||
|Co., Ltd.|||||lostcontrol||||||||

Whether there are multiple transactions step by step dispose the investment to subsidiary and lost control in reporting period
□ Yes√ No
5. Other reasons for the changes in combination scope
Notes to reasons for the changes in combination scope (Newly established subsidiary and subsidiary of liquidation) and relevant information:
For details of newly established companies in the first half of 2019, see Section 10.9, Interests in Other Subjects 1.
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 6.Other
IX. Equity in other entity
1. Equity in subsidiary
（1）Constitute of enterprise group
||||||||
|-|-|-|-|-|-|-|
|||||Share-holding ratio|||
|Subsidiary|Main operation|Registered place|Business nature|||Acquired way|
|||||Directly|Indirectly||
|||9 Huanghe Road,|||||
|||Shijiazhuang|||||
|Shijiazhuang||High-tech|||||
|Colour Bulb Co.,|Shijiazhuang|Industrial|Photoelectric|81.26%||Establish|
|||Development|display material||||
|Ltd.|||||||
|||Area,|||||
|||Shijiazhuang,|||||
|||Hebei Province|||||
|||No.36, Daowei 2|||||
|Wuhu Tunghsu||Road, Wanchun|||||
|Optoelectronic||Street , Wuhu|Photoelectric||||
||Wuhu|Economy||100.00%||Establish|
|Technology Co.,|||display material||||
|Ltd.||TechnologyDevelopment|||||
|||Zone|||||
|Anhui Xuan|||||||
|||No.155, Quanjiao|||||
|Optoelectronic|||Photoelectric||||
||Chu Zhou|Road, Chuzhou||100.00%||Establish|
|Technology Co.,|||display material||||
|Ltd.||City, Anhui|||||
|||Room C17,|||||
|Beijing Xufeng||Building 1,|||||
|||No.10, Xinghuo|Real estate||||
|Real Estate Co.,|Beijing|||100.00%||Establish|
|||Road, Technology|Development||||
|Ltd.||City, Fengtai|||||
|||District, Beijing|||||
|||No.500, Pengxi|||||
|Tunghsu|||||||
|||North Road,|||||
|（Kunshan）|||Photoelectric||||
||Kunshan|Economic||93.40%||Establish|
|Display Material|||display material||||
|||Development|||||
|Co., Ltd.||Area,Kunshan|||||
|||66,No 3|||||
|Zhengzhou Xufei||Jingnan Road,|||||
|Optoelectronic|Zhengzhou|Econornic &|Photoelectric|100.00%||Control|
|Technology Co.,||Technology|display material|||combination|
|Ltd.||Development|||||
|||Zone, Zhengzhou|||||
|Shijiazhuang||No.377,Zhujiang|||||
|Xuxin||Road, High-tech|Photoelectric|||Control|
|Optoelectronic|Shijiazhuang|Area,||100.00%|||
||||display material|||combination|
|Technology||Shijiazhuang,|||||
|Co.,Ltd.||Hebei|||||
|||206, 2/F, Building|||||
|Beijing Xutan|||Industrial||||
|||2B,No.80,|||||
|New Material|Beijing|Xingshikou Road,|application of|70.00%||Establish|
|Technology Co.,|||graphene||||
|||Haidian District,|||||
|Ltd.|||||||
|||Beijing|||||
|Jiangsu Jixing||New Material|||||
||||Photoelectric|||Non control|
|New Material|Jiangsu|Industry Zone,||100.00%|||
||||display material|||combination|
|Co., Ltd.||Youfang Town,|||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||
|-|-|-|-|-|-|-|
|||Yangzhong City|||||
|||1201-E18(Area)1|||||
|||2/F,No.1, 6-3|||||
|Beijing Tunghsu|||||||
|||Building,|||||
|Huaqing|Beijng|Autornobile|Investment|70.00%||Establish|
|Investment Co.,|||||||
|||Museum East|||||
|Ltd.|||||||
|||Road, Fengtai|||||
|||District, Beijing|||||
|||(072) Room|||||
|||109,Supervision|||||
|||Building,|||||
|Fuzhou Tunghsu||Processing trade|||||
|Optoelectronic|Fuzhou|Free zone,|Photoelectric|87.25%|12.75%|Establish|
|Technology Co.,||Fuzhou,|display material||||
|Ltd.||Fujian.(No.9,|||||
|||Xinjiang Road,|||||
|||Xincuo Town,|||||
|||Fuqing City)|||||
|Wuhu Tunghsu||Room 302, A floo|||||
|Optoelectronic||r,Management Co|Equipment and||||
|Equipment|Wuhu|mmittee of Jiangb||100.00%||Establish|
||||technical services||||
|Technology Co.,||ei Industry Zone,|||||
|Ltd.||Anhui Prov|||||
|||Room 02,2/F,No.3|Industrial||||
|ShanghaiTanyuan Huigu|||||||
|New MaterialTechnology Co.,|Shanghai|Building, No.28,,|application ofgraphene|50.50%||Non control|
|||Jiangcchuan East||||combination|
|Ltd.||Road, MinhangDistrict ,Shanghai|||||
|||Room 201, A|||||
|||building, No.1,|||||
|Shenzhen Xuhui||Qianwan Road,|||||
|Investment Co.,|Shenzhen|Qianhai|Investment|100.00%||Establish|
|Ltd.||Shenzhen-Hongk|||||
|||ong Cooperation|||||
|||Zone, Shenzhen|||||
|||No.21, 15|||||
|Tunghsu||Building, No.181,|Building|||Non control|
|Construction|Sichuan|Erhuan Road,||100.00%|||
||||Installing|||combination|
|Group Co., Ltd.||Jinniu District,|||||
|||Chengdu|||||
|||A, No .2898,|||||
|Shanghai|||||||
|Sunlong Bus Co.,|Shanghai|Huaning Road,|New Energy|100.00%||Non control|
|||Minhang|Autonobile|||combination|
|Ltd.||District ,Shanghai|||||
|||No.177, Fubin|||||
|Sichuan Xuhong|||||||
|||Nortth Road,|||||
|Optoelectronic|||Photoelectric|||Control|
||Mianyang|Economic||100.00%|||
|Technology Co.,|||display material|||combination|
|Ltd.||Development|||||
|||Zone, Mianyang|||||
|||28/F, Shenye|||||
||||R&D and||||
|Shenzhen Sanbao||Shangcheng ,|||||
||||manufacturing of||||
|Innovation|Shenzhen|Huanggang Road,|robots and|67.00%||Non control|
|Intelligent Co.,||Hufu Street,||||combination|
||||intelligent||||
|Ltd.||Futian District,|||||
||||electronic devices||||
|||Shenzhen|||||
|Tunghsu|||||||
|||No.19, Xincheng|||||
|(Yingkou)|Liaoning|Street, Yingkou|Photoelectric|65.00%||Control|
|Optoelectronic|||display material|||combination|
|||City, Liaoning|||||
|Display Co., Ltd.|||||||
|Tunghsu||Strawinskylaan|Overseas||||
||Holland|||100.00%||Establish|
|Optoelectronic||909, 1077XX|investment||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||||
|-|-|-|-|-|-|
|EU.C.V||Amsterdam, the|management|||
|||Netherlands||||
|||Room 205,||||
|||Attached||||
|||Building 1,||||
|Liaoning||Section 3,|R&D and|||
|Tunghsu Sanbao||Yangshan Road,|manufacturing of|||
|Intelligent|Liaoning|Longqiwan New|robots and|100.00%|Establish|
|Technology Co.,||Energy Industry|intelligent|||
|Ltd.||Area, Binhai New|electronic devices|||
|||Area, Jinzhou||||
|||City, Liaoning||||
|||Province||||
|||Room 204,||||
|||Attached||||
|Tunghsu||Building 1,||||
|||Section 3,Yangshan Road,||||
|(Jinzhou)||||||
|Precision|Liaoning|Longqiwan New|Photoelectric|100.00%|Establish|
|optoelectronic|||display material|||
|technology co.,||Energy Industry||||
|||Area, Binhai New||||
|Ltd.||||||
|||Area, Jinzhou||||
|||City, Liaoning||||
|||Province||||
|||Room 201,||||
|||Attached||||
|||Building 1,||||
|Tunghsu(Jinzhou)||Section 3,||||
|Intelligent||Yangshan Road,|Photoelectric|||
|Material|Liaoning|Longqiwan New||100.00%|Establish|
||||display material|||
|Technology Co.,||Energy Industry||||
|Ltd.||Area, Binhai New||||
|||Area, Jinzhou||||
|||City, Liaoning||||
|||Province||||
|||Room 202,||||
|||Attached||||
|||Building 1,||||
|Tunghsu(Jinzhou)||Section 3,Yangshan Road,||||
|Intelligent|Liaoning|Longqiwan New|Photoelectric|100.00%|Establish|
|Optoelectronic|||display material|||
|Co., Ltd.||Energy IndustryArea, Binhai New||||
|||Area, Jinzhou||||
|||City, Liaoning||||
|||Province||||
|||Room 203,||||
|||Attached||||
|Tunghsu||Building 1,||||
|||Section 3,||||
|(Jinzhou)||||||
|||Yangshan Road,||||
|Precision|Liaoning|Longqiwan New|Photoelectric|100.00%|Establish|
|optoelectronic|||display material|||
|technology co.,||Energy Industry||||
|||Area, Binhai New||||
|Ltd.||||||
|||Area, Jinzhou||||
|||City, Liaoning||||
|||Province||||
|||9/f, Main||||
|||Buiding,|Research and|||
|||Document &||||
|Jiangsu Xuheng|Jiangsu|Sport Center,|development of|100.00%|Establish|
|New Material|||new material|||
|Co., Ltd.||No.36, Hanjing|technology|||
|||Road, Yunlong||||
|||District , Xuzhou||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 Other notes
Note：It is filled in according to the sum of the shareholding proportion of each enterprise in the Group to these subsidiaries
（2）Significant not wholly-owned subsidiaries
In RMB
||||||
|-|-|-|-|-|
|||Profit or loss|||
||Holding proportion||Dividend declared|Closing balance of|
|Name|of non-controlling|attributable to|to non-controlling|non-controlling|
|||non-controlling|||
||interest|interest|interest|interest|
|Fuzhou Xufu Optoelectronic Technology Co.,|||||
||40.00%|11,483,840.30||171,278,962.83|
|Ltd..|||||
|Shanghai Tanyuan Huigu New Material|||||
||49.50%|-2,017,362.75||61,356,481.82|
|Technology Co., Ltd.|||||
|Shenzhen Sanbao Innovation Intelligent Co.,|||||
||33.00%|-839,568.37||38,651,603.09|
|Ltd.|||||
|Tunghsu (Yingkou) Optoelectronic Display|||||
||35.00%|5,054,759.48||98,948,008.73|
|Co., Ltd.|||||
|Mingshuo(Bingjing) Electric Technology Co.,|||||
||49.00%|1,089,016.63||44,648,671.14|
|Ltd.|||||

(3) The main financial information of significant not wholly owned subsidiary
In RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Year-end balance||||||Year-beginning balance||||||
|Name|Current|Non|Total|Current|Non|Total|Current|Non|Total|Current|Non|Total|
|||current||Liabilitie|current|||current||Liabilitie|current||
||assets||assets|||liabilities|assets||assets|||liabilities|
|||assets||s|liabilities|||assets||s|liabilities||
|Fuzhou|||||||||||||
|Xufu|||||||||||||
|Optoelec|718,665,|558,110,|1,276,77|768,576,|165,642,|934,218,|875,591,|556,167,|1,431,75|924,168,|188,000,|1,112,16|
|tronic|||||||||||||
||733.80|514.19|6,247.99|322.32|000.00|322.32|098.65|620.87|8,719.52|474.44|000.00|8,474.44|
|Technolo|||||||||||||
|gy Co.,|||||||||||||
|Ltd..|||||||||||||
|Shanghai|||||||||||||
|Tanyuan|||||||||||||
|Huigu|||||||||||||
|New|40,480,4|89,434,2|129,914,|7,919,28||7,919,28|54,919,7|89,462,4|144,382,|15,988,1|366,037.|16,354,1|
||||||0.00||||||||
|Material|83.42|82.66|766.08|8.39||8.39|12.81|17.94|130.75|24.61|32|61.93|
|Technolo|||||||||||||
|gy Co.,|||||||||||||
|Ltd.|||||||||||||
|Shenzhe|||||||||||||
|n Sanbao|||||||||||||
|Innovati|247,394,|73,000,3|320,394,|205,831,||205,831,|54,727,7|71,302,6|126,030,|5,342,55|1,017,59|6,360,14|
|on|||||0.00||||||||
||096.21|04.55|400.76|517.94||517.94|02.15|61.35|363.50|3.57|3.35|6.92|
|Intellige|||||||||||||
|nt Co.,|||||||||||||
|Ltd.|||||||||||||
|Tunghsu|||||||||||||
|(Yingko|||||||||||||
|u)|354,672,|1,111,32|1,465,99|605,288,|577,997,|1,183,28|325,578,|1,104,10|1,429,68|579,076,|582,339,|1,161,41|
|Optoelec|||||||||||||
||768.37|1,730.39|4,498.76|687.74|214.64|5,902.38|183.83|4,232.11|2,415.94|971.21|018.30|5,989.51|
|tronic|||||||||||||
|Display|||||||||||||
|Co., Ltd.|||||||||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Mingshu|||||||||||||
|o(Bingji|||||||||||||
|ng)|128,041|, 20,123,73.3|2 148,164,5 803.01|37,598,6|19,446,4|57,045,0|101,793,|17,369,7|119,163,|28,619,836.48|1,646,44|30,266,2|
|Electric|||||||||||||
||529.66|||24.26|41.73|65.99|806.44|25.88|532.32||1.73|78.21|
|Technolo|||||||||||||
|gy Co.,|||||||||||||
|Ltd.|||||||||||||

In RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
||Amount of current period||||Amount of previous period||||
|||||Cash flows||||Cash flows|
||||Total||||Total||
|Name|Business|||from|Business|||from|
|||Net profit|Comprehensi|||Net profit|Comprehensi||
||income|||operating|income|||operating|
||||ve income|activities|||ve income|activities|
|Fuzhou Xufu|||||||||
|Optoelectroni|733,704,143.|22,967,680.5|22,967,680.5|-218,101,968.|632,696,266.|16,136,539.1|16,136,539.1|-15,703,750.7|
|c Technology|44|9|9|20|30|7|7|6|
|Co., Ltd..|||||||||
|Shanghai|||||||||
|Tanyuan|||||||||
|Huigu New|515,312.82|-4,012,863.37|-4,012,863.37|6,280,920.96|488,093.83|-6,566,421.86|-6,566,421.86|12,587,728.4|
|Material||||||||7|
|Technology|||||||||
|Co., Ltd.|||||||||
|Shenzhen|||||||||
|Sanbao||||188,723,924.|||||
|Innovation|9,455,781.22|-2,483,775.04|-2,483,775.04||736,964.91|-1,101,997.15|-1,101,997.15|-730,374.74|
|||||64|||||
|Intelligent|||||||||
|Co., Ltd.|||||||||
|Tunghsu|||||||||
|(Yingkou)|||||||||
||93,477,028.2|14,442,169.9|14,442,169.9|196,156,030.|27,289,664.9|||-13,351,591.2|
|Optoelectroni||||||-9,555,668.76|-9,555,668.76||
||3|5|5|58|9|||3|
|c Display|||||||||
|Co., Ltd.|||||||||
|Mingshuo(Bi|||||||||
|ngjing)|||||||||
||40,975,003.3|||-35,672,127.9|21,763,105.1|||-41,296,984.3|
|Electric||2,222,482.91|2,222,482.91|||2,186,907.76|2,186,907.76||
||5|||9|8|||5|
|Technology|||||||||
|Co., Ltd.|||||||||

(4) Significant restrictions of using enterprise group assets and pay off enterprise group debt
(5) Provide financial support or other support for structure entities incorporate into the scope of
2. The transaction of the Company with itsowner’s equity share changed but still controlling the subsidiary (1) Note toowner’s equity share changed in subsidiary
(2) Thetransaction’s influence to equity of minority shareholders and attributable to the owner's equity of the parent company
3. Equity in joint venture arrangement or associated enterprise
(1) Significant joint venture arrangement or associated enterprise
||||||||
|-|-|-|-|-|-|-|
|Name of|Main Places of|Registration|Nature of|Shareholding Ratio (%)||Obtaining|
|Subsidiary|Operation|Place|Business|direct|indirect|Method|
|Yudean Finance|Guangzhou|Guangzhou|Finance|40.00%||Equity method|

（2）Main financial information of Significant joint venture
(3) Main financial information of significant associated enterprise
In RMB
||||
|-|-|-|
||Closing balance/This period|Opening balance/Last period|
|Current assets|951,887,221.50|3,045,452,313.85|
|Non-current assets|27,694,836,725.65|28,093,049,900.77|
|Total of assets|28,646,723,947.15|31,138,502,214.62|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Current liabilities|23,464,467,059.26|25,997,850,975.29|
|Total liabilities|23,464,467,059.26|25,997,850,975.29|
|Attributable to shareholders of the parent|||
||5,182,256,887.89|5,140,651,239.33|
|company|||
|Share of net assets calculated by stake|2,072,902,755.16|2,056,260,495.73|
|Net carrying amount of equity investment|||
||2,072,902,755.16|2,056,260,495.73|
|in associates|||
|Business income|155,760,250.37|105,115,733.62|
|Net profit|41,605,648.56|16,178,088.57|
|Total comprehensive income|41,605,648.56|16,178,088.57|

 (4) Summary financial information of insignificant joint venture or associated enterprise
In RMB
||||
|-|-|-|
||Closing balance/This period|Opening balance/Last period|
|Joint venture:|--|--|
|The total number of shares in each of the|||
||--|--|
|following shares|||
|Associated enterprise：|--|--|
|Total investment Net carrying amount|118,883,109.84|118,087,473.48|
|The total number of shares in each of the|||
||--|--|
|following shares|||
|--Net profit|795,636.36|5,365,389.05|
|Total comprehensive income|795,636.36|5,365,389.05|

 (5) Note to the significant restrictions of the ability of joint venture or associated enterprise transfer funds to the Company
(6) The excess loss of joint venture or associated enterprise
(7) The unrecognized commitment related to joint venture investment
(8) Contingent liabilities related to joint venture or associated enterprise investment
4. Significant common operation
5. Equity of structure entity not including in the scope of consolidated financial statements
Related notes to structure entity not including in the scope of consolidated financial statements
6.Other
X. The risk related financial instruments
The company's main financial instruments include loans, accounts receivable, accounts payable and other non-current financial assets. For detailed descriptions of various financial instruments, please refer to the relevant items in the notes to the consolidated statement items in Section 10.7 of this note. The Company adopts a series of risk management policies to reduce risks related to these financial assets, and manages and monitors the risk exposure of these financial assets to ensure that its risks are controlled within the set range.
The risks faced by the company's financial instruments are mainly market risks, credit risks and liquidity risks. 1. Classification of financial assets and financial liabilities
|||||
|-|-|-|-|
|Financial assets Items|Amount|Financial Liabilities items|Amount|
|Cash and bank balancess|19,608,160,332.91|Short-term loans|9,194,934,400.00|
|Transactional financial assets|3,000,000.00|Notes payable|1,545,392,945.94|
|Notes receivable|61,194,310.70|Account payable|6,458,794,541.00|
|Account receivable|11,948,970,007.58|Other payable|2,492,921,065.31|
|Other receivable|1,180,820,462.92|Long-term loans|3,200,691,400.00|
|Other current assets|792,954,051.81|Bonds payble|5,282,105,325.64|
|Other non-current financial assets|548,158,605.30|||

(II) Risks to financial assets and liabilities
1. Market risk
Interest rate risk-Cash flow change risk
The company's risk of cash flow changes in financial instruments due to interest rate changes is mainly related to
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 floating rate bank borrowings (see note 7 and related items in notes to consolidated statements). The Company's policy is to determine the long-term stable interest rate level as far as possible and reduce the impact of short-term interest rate fluctuations. For the interest rate changes that must be borne, the Company adopts the floating interest rate for these loans. The policy cannot completely avoid the risk that the interest rate paid exceeds the current market interest rate, nor can it completely eliminate the cash flow risks related to the fluctuation of interest payment. However, the management believes that the policy has achieved a reasonable balance between these risks.
2.Foreign exchange risk
refers to the risk that the fair value of financial instruments or future cash flows may fluctuate due to changes in foreign exchange rates. The main business of the company is in China, and there is a subsidiary company with small business volume overseas. Due to the small business volume, the overall foreign exchange risk is also small, but the company still tries its best to match the foreign currency income and foreign currency expenditure to reduce the exchange rate risk. The company has not signed any forward foreign exchange contracts or currency swap contracts during the current period and the previous period.
2. Credit risk
On June 30, 2019, the company's credit risk may be mainly caused by customer default.
In order to reduce credit risk, the Company only deals with approved and reputable customers. According to the company's policy, all customers who require credit transactions shall be subject to credit review. In addition, the Company continuously monitors the balance of accounts receivable to ensure that the Company will not be subject to major bad debt risks. At the same time, it will determine the credit rating for different customers, grant different credit lines, carry out credit approval, and implement other monitoring procedures to ensure necessary measures are taken. In addition, the Company will review the recovery of each single receivable on each balance sheet date to ensure that sufficient bad debt reserves are accrued for uncollectible funds. Therefore, the company's credit risk has been greatly reduced.
The company's working capital is deposited in banks with higher credit rating, so the credit risk of working capital is lower.
3. Liquidity risk
When managing liquidity risks, the Company maintains sufficient cash and cash equivalents as deemed by the management and monitor them to meet the Company's operational needs and reduce the impact of cash flow fluctuations. The Company reasonably uses various financing methods such as bank loans and other interest-bearing loans to maintain the balance between sustainability and flexibility of financing. The Company's management monitors the use of bank loans and ensures compliance with loan agreements.
(II) Transfer of financial assets
The Company did not have any matters related to the transfer of financial assets this year.
(III) Offsetting of financial assets and financial liabilities
This year, the Company has not incurred any events related to the offset of financial assets and financial liabilities. XI. Disclosure of fair value
1. Ending fair value of the assets and liabiliies measured by fair value
In RMB
||||||
|-|-|-|-|-|
||Ending fair value||||
|Items|||||
||First-order|Second-order|Third-order|Total|
|I. Consistent fair value|||||
||--|--|--|--|
|measurement|||||
|（1）Debt instrument|||||
||||3,000,000.00|3,000,000.00|
|investment|||||
|（2）Equity instrument|||||
||||548,158,605.30|548,158,605.30|
|investment|||||
|II. Non –persistent|||||
||--|--|--|--|
|measure|||||
|Holding equity|||||
||||119,355,435.58|119,355,435.58|
|investments for sale|||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 2.Recognized basis for the market price sustaining and non-persistent measured by fair value oon first-order 3. Valuation technique and qualitative and quantitative information on major parameters for the fair value measure sustaining and non-persistent on second-order
4. Valuation technique adopted and nature and amount determination of important parameters for
consistent and inconsistent fair value measurement items at level 3
The investment cost of the invested unit is taken as an important reference basis for evaluating its fair value. The investee is a non-listed company. It is difficult to obtain comparable market transaction prices for the same or similar assets, and the investee's business is relatively stable. The investment time of the company is not long. Therefore, the investment cost is taken as the base for evaluating the fair value.
5. Sensitiveness analysis on unobservable parameters and adjustment information between opening and
closing Net carrying amount of consistent fair value measurement items at level 3
6. Explain the reason for conversion and the policy governing when the conversion happens if conversion happens among consistent fair value measurement items at different levels
7. Changes in the valuation technique in the current period and the reason for change
8. Fair value of financial assets and liabilities not measured at fair value
9.Other
XII. Related parties and related-party transactions
1. Parent company information of the enterprise
|||||||
|-|-|-|-|-|-|
||||||Vote right ratio of|
|||||Share ratio of parent||
|Parent company|||||parent company|
||Registration place|Nature|Registered capital|company against the||
|name|||||against the|
|||||company(%)||
||||||company(%)|
||No.369, Zhujiang|Investment ,||||
|Tunghsu Group|Road, High-tech|production and R &|36.8 billion|15.97%|21.85%|
||zone, Shijiazhuang|D, etc.||||

Explanation on parent company of the enterprise
During the reporting period, the paid-in capital of the parent company changed asfollows：
Ultimate controller of the Company is Li Zhaoting
2.Subsidiary of the Enterprise
See details to Notes IX, Situation of the enterprise subsidiaries refer to the Notes.
3.Cooperative enterprise and joint venture
Other cooperative enterprise and joint venture that have related transaction with the Company in the Period or occurred in perviousperiod：
|||
|-|-|
|Name|Relation of other Related parties with the company|
|CUHK international business factoring co., Ltd|Associated enterprise|
|Tunghsu Group Finance Co., Ltd.|Associated enterprise|
|Zibo Bus Co., Ltd.|Associated enterprise|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 4.Other related party
|||
|-|-|
|Other related party|Relationship with the Enterprisse|
|Tunghsu Technology Group Co., Ltd.|The shareholders of the company|
|Tunghsu Optoelectronic Investment Co., Ltd.|Controlled by the same actual controller|
|Shijiazhuang Baoshi Electronic vacuum Glass Co., Ltd.|Controlled by the same actual controller|
|Shijiazhuang Baoshi Large-diameter plastic tube Co., ltd.|Controlled by the same actual controller|
|Shijiazhuang Baoshi Zhonghe Steel Plastic Shape Co., Ltd.|Controlled by the same actual controller|
|Shijiazhuang Baoshi Xuming Tube Co., Ltd.|Controlled by the same actual controller|
|Shijiazhuang Baodong Electronic Co.,Ltd.||
||Controlled by the same actual controller|
|Hebei Baoshi Lighting Co., Ltd.|Controlled by the same actual controller|
|Jinzhou Xulong New Material Technology Co., Ltd.|Controlled by the same actual controller|
|Hebei Decoration Printing Machine Co., Ltd.|Controlled by the same actual controller|
|Chengdu Optoelectronic Technology Co., Ltd.|General Manager: Li Zhaotin|
|Shijiazhuang Xuling Electronic Technology Co., Ltd.||
||Controlled by the same actual controller|
|Shijiazhuang Baoshi Electronic Group Co., Ltd.||
||Controlled by the same actual controller|
|Tibet Financial Leasing Co., Ltd.||
||Joint venture of the company|
|Tunghsu Group Finance Co., Ltd.||
||Joint venture of the company|
|Yinchuan Fengxiang Street Underground integrated Management||
||Joint venture of the company|
|Co., Ltd.||
|Yixian Xuhua Park Construction Development Co., Ltd.|Controlled by the same actual controller|
|Guangdong Huakai Real estate Development Co., Ltd.|Controlled by the same actual controller|
|Li Qing|The spouse of the actual controller|
|Kunming Tunghsu Qiming Investment Development Co., Ltd.|Controlled by the same actual controller|
|Aahui Tunghsu Dabieshan Agricultural Technology Co., Ltd.|Controlled by the same actual controller|
|Dongguan Yijiu Real Estate Development Co., Ltd.|Controlled by the same actual controller|
|Tunghsu North Real Estate（Beijing）Co., Ltd.|Controlled by the same actual controller|
|Tunghsu Technology Development Co., Ltd.|Controlled by the same actual controller|
|Fujian Hengda Investment Co., Ltd.|Controlled by the same actual controller|
|Hunan Baoan Hongji Real Estate Development Co., Ltd.|Controlled by the same actual controller|
|Huiyin Jinkong Asset Management Co.,Ltd.|Controlled by the same actual controller|
|Huidong Baoan Hongji Real Estate Development Co., Ltd.|Controlled by the same actual controller|
|Huidong Baoan Jinan Real Estate Development Co., Ltd.|Controlled by the same actual controller|
|Shenzhen Hongji Property Management Co., Ltd.|Controlled by the same actual controller|
|Chengzhou Zhexu Real Estate Co., Ltd.|Controlled by the same actual controller|
|Chongqing Tunghsu Qide Real Estate Co., Ltd.|A joint venture of the parent company|
|Shanghai Anxuan Autormation Technology Co., Ltd.|Controlled by the same actual controller|
|Tibet Xuri Asset Management Co., Ltd.|Controlled by the same actual controller|
|Beijing Hexie Guanglu Technology Co., Ltd.|Controlled by the same actual controller|
|Chengdu Taiyisi Technology Co., Ltd.|Controlled by the same actual controller|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||
|-|-|
|Beijing Zhonghuan Xinrong Trade Co., Ltd.|Controlled by the same actual controller|
|Tunghsu Chuanzhi（Beijing）Cultural Media Co., Ltd.|Controlled by the same actual controller|
|Tunghsu International Investment Group Co., Ltd.|Controlled by the same actual controller|
|Tunghsu KechuangTechnology Industry Development Co., Ltd.|Controlled by the same actual controller|
|Fujian Tunghsu Qiming Real Estate Co., Ltd.|Controlled by the same actual controller|
|Hangzhou Yuanbang Real Estate Development Co., Ltd.|Controlled by the same actual controller|
|Shijiazhuang Tunghsu Medical Equipment Co., Ltd.|Controlled by the same actual controller|
|Tibet Tunghsu Electric Power Engineering Co., Ltd.|Controlled by the same actual controller|
|Zhangzhou Nanrong Real Estate Development Co., Ltd.|Controlled by the same actual controller|
|Zhongshan Shenzhong Real Estate Development Co., Ltd.|Controlled by the same actual controller|
|Zhongshan Shenzhong Real Estate Investment Co., Ltd|Controlled by the same actual controller|
|Tunghsu Honghai Environmental Protection Technology Co.,Ltd.|Controlled by the same actual controller|
|Tunghsu Lantian New Energy Co., Ltd.|Controlled by the same actual controller|
|Huizhou Dexin Real Estate Co., Ltd.|Controlled by the same actual controller|
|Xudong Machinery Industry Co., Ltd.|Controlled by the same actual controller|
|Tunghsu (HK) Holding Co., Ltd.|Controlled by the same actual controller|
|Zhongshan Donghong Real Estate Development Co., Ltd.|Controlled by the same actual controller|
|Anhui Tunghsu Dangtu Solar Energy Technology Co., Ltd.|Controlled by the same actual controller|
|Hua rong jinshu biao mian chuli (anping) Technology Co., Ltd.|Controlled by the same actual controller|
|Ttai yuan Tunghsu rongtuo zhiye Co., Ltd.|Controlled by the same actual controller|
|Hebei xuzhen Supply chain management co. LTD|Controlled by the same actual controller|
|Hui zhoushi baoan Real estate development co. LTD|Controlled by the same actual controller|

5. Related transactions.
（1）Related transactions on purchasing goods and receiving services
Acquisition of goods and reception of labor service
In RMB
|||||||
|-|-|-|-|-|-|
|||Amount of current|Amount of previous|||
||Content of related|||Over the trading limit||
|Related parties|||||Amount of last period|
||transaction|period|period|or not?||
|Anhui Tunghsu||||||
|Dabieshan||||||
|Agricultural|Camellia Oi|25,296.00|||28,800.00|
|Science &||||||
|Technology Co.,||||||
|Ltd.||||||
|Shijiazhuang||||||
|Baoshi Zhonghe|Material||||4,000,000.00|
|Steel Plastic Shape||||||
|Co., Ltd.||||||
|Shijiazhuang||||||
|Baoshi Electronic||||||
||Electromechanical|||||
||||||980,000.00|
|vacuum Glass Co.,|equipment|||||
|Ltd.||||||
|Chengdu China||||||
||Glass substrate|19,800,000.00|||980,001.00|
|Optoelectronic||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||
|-|
|Technology Co.,|
|Ltd.|

Related transactions on sale goods and receiving services
In RMB
|||||
|-|-|-|-|
|Related parties|Content of related transaction|Amount of current period|Amount of previous period|
|Tunghsu North Real estate||||
||Graphere|77,011.75|48,801.64|
|(Beijing) Co., Ltd.||||
|Fujian Hengda Investment Co.,||||
||Graphere||15,404.96|
|Ltd.||||
|Shengzhou Zhexu Real Estate||||
||Graphere|15,474.14|13,641.03|
|Co., Ltd.||||
|Huarong Metal Surface||||
|treatment (Anping) Technology|Graphere|6,879.31||
|Co., Ltd.||||
|Kunming Tunghsu Qiming||||
|Investment Development Co.,|Graphere|10,318.97||
|Ltd.||||
|Taiyuan Tunghsu Rongtuo Real||||
||Graphere|7,395.89||
|Estate Co., Ltd.||||
|Tunghsu Chuangzhi(Beijing)||||
||Graphere|896.55||
|Culture Media Co., Ltd.||||
|Tibet Tunghsu Power||||
||Graphere|5,810.35||
|Engineering Co., Ltd.||||
|Chengdu China Optoelectronic||||
||Traction roll project|188,275.86|611,459.82|
|Technology Co., Ltd.||||
|Hebei Xuzhen Suppy Chain||||
||Robot|5,862.07||
|Management Co., Ltd.||||
|Beijing Hexie Guanglu||||
||Efficient lightbulb||287,179.49|
|Technology Co., Ltd.||||
|Chengdu Taiyisi Technology||||
||Efficient lightbulb||23,131.62|
|Co., Ltd.||||
|Chengdu China Optoelectronic||||
||Efficient lightbulb||13,203.41|
|Technology Co., Ltd.||14,068.83||
|Tunghsu North Real estate||||
||Efficient lightbulb||40,528.38|
|(Beijing) Co., Ltd.||||
|Tunghsu Group Co., Ltd.|Efficient lightbulb||1,589,885.32|
|Tunghsu Technology Group||||
||Efficient lightbulb||811.97|
|Co., Ltd.||||
|Hebei Baoshi Lighting Co., Ltd.|Efficient lightbulb||-37,264.96|
|Huiyin Jinkong Asset||||
||Efficient lightbulb||270,305.10|
|Management Co., Ltd.||||
|Shenzhen Hongji Property||||
||Efficient lightbulb||263,333.34|
|Management Co., Ltd.||||
|Zhangzhou Shenghuawu Real||||
||Efficient lightbulb||6,974.36|
|Estate Development Co., Ltd.||||
|Shenzhen Hongji Property||||
||Charging pile|539,806.13||
|Management Co., Ltd.||||
|Tunghsu Technology Group||||
||Intelligent water cup|62,546.48||
|Co., Ltd.||||
|Tunghsu Chuangzhi(Beijing)||||
||Intelligent water cup|32,388.95||
|Culture Media Co., Ltd.||||
|Dongguan Yijiu Real estate||||
||Construction Engineering|93,538,303.77|431,182.25|
|Development Co., Ltd.||||
|Tunghsu Technology|Construction Engineering|137,828.80|3,794,623.64|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
|Development Co., Ltd.||||
|Tunghsu Lantian New Energy||||
||Construction Engineering||2,719,618.11|
|Co., Ltd.||||
|Fujian Hengda Investment Co.,||||
||Construction Engineering||2,745,454.55|
|Ltd.||||
|Guangdong Huakai Real estate||||
||Construction Engineering||19,945,292.12|
|Development Co., Ltd.||||
|Hunan Baoan Hongji Real||||
||Construction Engineering|20,788,568.71|229,566.55|
|estate Development Co., Ltd.||||
|Huidong Baoan Real estate||||
||Construction Engineering|78,787,578.76|46,614,031.74|
|Development Co., Ltd.||||
|Huidong Baoan Jinan Real||||
||Construction Engineering|21,627,108.94|46,435,095.47|
|estate Development Co., Ltd.||||
|Kunming Tunghsu Investment||||
||Construction Engineering|81,841,192.08|140,707,948.79|
|Development Co., Ltd.||||
|Shengzhou Zhexu Real Estate||||
||Construction Engineering|33,702,095.67|35,168,074.85|
|Co., Ltd.||||
|Shijiazhuang Baoshi||||
|Large-diameter plastic tube Co.,|Construction Engineering||594,000.00|
|ltd.||||
|Yixian Xuhua Park||||
|Construction Development Co.,|Construction Engineering|16,916,569.73|39,616,134.40|
|Ltd.||||
|Yinchuan Fengxiang Street||||
|Underground integrated|Construction Engineering|30,889,866.97|45,273,158.21|
|Management Co., Ltd.||||
|Zhangzhou Shenghuawu Real||||
||Construction Engineering||22,413,913.92|
|Estate Development Co., Ltd.||||
|Chongqing Tunghsu Qide Real||||
||Construction Engineering|72,738,733.59|18,348,758.40|
|Estate Co., Ltd.||||
|Beijing Zhonghuan Xinrong||||
||Construction Engineering|13,487,314.83||
|Technology Co., Ltd.||||
|Fujian Tunghsu Qiming Real||||
||Construction Engineering|244,417.64||
|Estate Co., Ltd.||||
|Huizhou Dexin Real Estate Co.,||||
||Construction Engineering|29,198,578.42||
|Ltd.||||
|Zhongshan Shenzhong Real||||
||Construction Engineering|229,712,398.39||
|Estate Development Co., Ltd.||||
|Zhongshan Shenzhong Real||||
||Construction Engineering|51,747,572.82||
|Estate Investment Co., Ltd.||||

（2）Related trusteeship or contracting
(3) Information of related lease
（4）Status of related party guarantee
As a guarantor for the company
In RMB
||||||
|-|-|-|-|-|
|||||Execution accomplished|
|Guarantor|Guarantee amount|Start date|End date||
|||||or not|
|Tunghsu Group , Li|||||
||115,000,000.00|October 31,2017|October 31,2019|No|
|Zhaoting, Li Qing|||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||
|-|-|-|-|-|
|Tunghsu Group , Li|||||
||100,000,000.00|July 7,2017|July 6,2019|No|
|Zhaoting|||||
|Tunghsu Group ,|||||
|Tunghsu Optoelectronic|||||
||400,000,000.00|November 30,2016|November 30,2019|No|
|Investment Co., Ltd.,|||||
|Li Zhaoting|||||
|Li Zhaoting|1,800,000,000.00|October 16,2018|October 15,2019|No|
|Tunghsu Group , Li|||||
||98,000,000.00|November 6,2018|November 6,2019|No|
|Zhaoting|||||
|Tunghsu Group , Li|||||
||200,000,000.00|November 26,2018|November 26,2019|No|
|Zhaoting|||||
|Tunghsu Group , Li|||||
|Zhaoting,Shanghai|200,000,000.00|November 30,2018|November 30,2019|No|
|Sunlong Bus Co., Ltd.|||||
|Tunghsu Group , Li|||||
|Zhaoting,Shanghai|100,000,000.00|December 11,2018|November 11,2019|No|
|Sunlong Bus Co., Ltd.|||||
|Tunghsu Group ,|||||
|Tunghsu Optoelectronic|||||
||1,000,000,000.00|December 7,2018|December 6,2019|No|
|Investment Co., Ltd.,|||||
|Li Zhaoting|||||
|Li Zhaoting, Hangzhou|||||
|Yuanbang Real Estate|480,000,000.00|December 21,2018|December 22,2019|No|
|Development Co., Ltd.|||||
|Tunghsu Group Co., Ltd.|||||
|holds 24%equity pledge|||||
|of Baoshi Group, Asset|||||
||450,000,000.00|January 8,2019|January 8,2020|No|
|Mortgage of Jiangsu|||||
|Jixing New Materials|||||
|Co., Ltd.|||||
|Li Zhaoting|480,000,000.00|January 25,2019|January 25,2020|No|
|Tunghsu Group, Li|||||
||200,000,000.00|March 18,2019|March 18,2020|No|
|Zhaoting|||||
|Tunghsu Group , Li|||||
|Zhaoting, Shanghai|||||
|Sunlong Bus Co., Ltd.,|||||
|Tunghsu Optoelectronic|150,000,000.00|April 30,2019|April 29,2020|No|
|Technology Co., Ltd.|||||
|holds 58% of Shanghai|||||
|Shenlong's shares.|||||
|Tunghsu Group, Li|||||
||500,000,000.00|May 13,2019|April 19,2022|No|
|Zhaoting|||||
|Tunghsu Group|100,000,000.00|June 28,2019|June 28,2020|No|
|Tunghsu Group|11,000,000.00|June 28,2019|June 28,2020|No|
|Tunghsu Group|300,000,000.00|April 1,2014|April 11,2022|No|
|Tunghsu Group|150,000,000.00|April 22,2015|April 11,2022|No|
|Tunghsu Group|500,000,000.00|November 7,2016|June 20,2024|No|
|Tunghsu Group, Li|||||
||450,000,000.00|September 30,2016|September 29,2021|No|
|Zhaoting|||||
|Tunghsu Group|100,000,000.00|September 18,2017|September 15,2022|No|
|Tunghsu Group|200,000,000.00|September 18,2017|September 15,2022|No|
|Tunghsu Group|200,000,000.00|September 18,2017|September 15,2022|No|
|Tunghsu Group|100,000,000.00|September 18,2017|September 15,2022|No|
|Tunghsu Group|200,000,000.00|October 31,2017|September 15,2022|No|
|Tunghsu Group|200,000,000.00|October 31,2017|September 15,2022|No|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||
|-|-|-|-|-|
|Tunghsu Group, Li|||||
||300,000,000.00|November 6,2017|November 6,2020|No|
|Zhaoting|||||
|Tunghsu Group, Li|||||
||199,000,000.00|November 7,2017|November 7,2020|No|
|Zhaoting|||||
|Tunghsu Group|250,000,000.00|May 31,2016|May 30,2021|No|
|Tunghsu Group|50,000,000.00|July 26,2018|July 26,2019|No|
|Tunghsu Group, Li|||||
||150,000,000.00|March 19,2019|March 19,2020|No|
|Zhaoting|||||
|Tunghsu Group|1,285,000,000.00|January 28,2013|January 27,2021|No|
|Tunghsu Group|100,929,000.00|January 28,2013|January 27,2021|No|
|Li Zhaoting, Tunghsu|||||
|Optoelectronic|80,000,000.00|September 18,2018|September 18,2019|No|
|Technology Co., Ltd.|||||
|Li Zhaoting, Tunghsu|||||
|Optoelectronic|40,000,000.00|September 28,2018|September 27,2019|No|
|Technology Co., Ltd.|||||
|Li Zhaoting, Tunghsu|||||
|Optoelectronic|80,000,000.00|September 30,2018|September 29,2019|No|
|Technology Co., Ltd.|||||
|Tunghsu Group, Li|||||
||90,000,000.00|April 30,2019|April 9,2020|No|
|Zhaoting|||||
|Tunghsu Group, Li|||||
||50,000,000.00|April 30,2019|April 30,2020|No|
|Zhaoting|||||
|Tunghsu Group, Li|||||
||50,000,000.00|May 8,2019|April 30,2020|No|
|Zhaoting|||||
|Tunghsu Group, Li|||||
||90,000,000.00|June 17,2019|June 4, 2020|No|
|Zhaoting|||||
|Tunghsu Group|450,000,000.00|June 13,2018|June 13,2019|No|
|Tunghsu Group, Tunghsu|||||
|Optoelectronic|20,000,000.00|September 26,2018|September 25,2019|No|
|Technology Co., Ltd.|||||
|Tunghsu Group, Tunghsu|||||
|Optoelectronic|25,000,000.00|February 3,2018|December 2,2019|No|
|Technology Co., Ltd.|||||
|Tunghsu Group|50,000,000.00|December 6,2018|December 6,2019|No|
|Tunghsu Group, Tunghsu|||||
|Optoelectronic|||||
|Technology Co., Ltd.,|110,000,000.00|December 28, 2018|December 28,2019|No|
|Mortgage of assets of|||||
|Shanghai Sunlong Bus|||||
|Co., Ltd.|||||
|Tunghsu Group, Tunghsu|||||
|Optoelectronic|||||
|Technology Co., Ltd.,|90,000,000.00|Januarpy 3,2019|January 3,2020|No|
|Pledge of deposit|||||
|certificate of Shanghai|||||
|Shenlong bus Co., Ltd.|||||
|Tunghsu Group, Tunghsu|||||
|Optoelectronic|||||
|Technology Co., Ltd.,|100,000,000.00|March 6,2019|March 6, 2020|No|
|Shanghai Shenlong bus|||||
|Co., Ltd.|||||
|Tunghsu Group, Tunghsu|||||
|Optoelectronic|||||
|Technology Co., Ltd.,|600,000,000.00|May 21,2019|May 21, 2022|No|
|Shanghai Shenlong bus|||||
|Co., Ltd.|||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||
|-|-|-|-|-|
|Tunghsu Group|100,000,000.00|July 11, 2018|July 10,2019|No|
|Tunghsu Group|200,000,000.00|September 27,2018|Septembert 26,2019|No|
|Tunghsu Group|100,000,000.00|December 11,2018|December 10,2019|No|
|Tunghsu Group, Li|||||
||100,000,000.00|January 25,2019|January 23,2020|No|
|Zhaoting|||||
|Tunghsu Group|50,000,000.00|March 22,2019|March 20,2020|No|
|Tunghsu Group|30,000,000.00|April 22,2019|April 22,2020|No|
|Tunghsu Group|280,000,000.00|June 27,2019|June 26,2021|No|
|Tunghsu Group|250,000,000.00|July 31,2018|July 28,2019|No|
|Tunghsu Group, Yang|||||
|Jianzhong, Hong|||||
|Shuping and Project|50,000,000.00|October 12,2018|October 12,2021|No|
|Department Asset|||||
|Mortgage of Daosui|||||
|Group|||||
|Tunghsu Group|30,000,000.00|July 26,2018|March 20,2021|No|
|Tunghsu Group|50,000,000.00|Novemer 1,2018|March 20,2021|No|
|Tunghsu Group|50,000,000.00|January 30,2019|March 20,2021|No|
|Tunghsu Group|30,000,000.00|April 11,2019|March 20,2021|No|
|Tunghsu Group|40,000,000.00|May 20,2019|March 20,2021|No|
|Li Zhaoting, Tunghsu|||||
|Optoelectronic|100,000,000.00|Septemer 30,2018|September 30,2021|No|
|Technology Co., Ltd.|||||
|Pledge of account|||||
|receivable of Tunghsu|1,900,000.00|January 25,2019|December 20,2023|No|
|Group and its|||||
|subsidiaries|||||
|Pledge of account|||||
|receivable of Tunghsu|18,000,000.00|May 7,2019|December 20,2023|No|
|Group and its|||||
|subsidiaries|||||
|Tunghsu Group,|||||
|Tunghsu Optoelectronic|100,000,000.00|March 27,2018|March 27,2019|Yes|
|Technology Co., Ltd.|||||
|Tunghsu Group,|||||
|Tunghsu Optoelectronic|100,000,000.00|March 28,2018|March 28,2019|Yes|
|Technology Co., Ltd.|||||
|Tunghsu Group,|||||
|Tunghsu Optoelectronic|70,000,000.00|March 27,2018|March 15,2019|Yes|
|Technology Co., Ltd.|||||
|Tunghsu Group,|||||
|Tunghsu Optoelectronic|30,000,000.00|April 2,2018|March 15,2019|Yes|
|Technology Co., Ltd.|||||
|Li Zhaoting,|||||
|Tunghsu Optoelectronic|60,000,000.00|March 1,2018|March 1,2019|Yes|
|Technology Co., Ltd.|||||
|Tunghsu Group,|||||
||50,000,000.00|March 30,2018|March 29,2019|Yes|
|Tunghsu Optoelectronic|||||
|Technology Co., Ltd.|||||
|Tunghsu Group|100,000,000.00|September 26,2013|April 11,2022|Yes|
|Tunghsu Group|220,000,000.00|March 17,2016|March 17,2028|Yes|
|Tunghsu Group|280,000,000.00|June 16,2016|June 16,2028|Yes|
|Tunghsu Group|90,000,000.00|April 12,2018|April 2,2019|Yes|
|Tunghsu Group|15,000,000.00|June 12,2018|May 7,2019|Yes|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||
|-|-|-|-|-|
|Tunghsu Group|300,000,000.00|May 25,2016|May 20,2019|Yes|
|Tunghsu Group , Li|||||
||200,000,000.00|May 27,2016|May 26,2019|Yes|
|Qing, Li Zhaoting|||||
|Tunghsu Group , Li|||||
||600,000,000.00|June 7,2016|June 7,2019|Yes|
|Qing, Li Zhaoting|||||
|Tunghsu Group , Li|||||
||166,666,666.66|Januarpy 6,2017|January 6,2019|Yes|
|Zhaoting|||||
|Tunghsu Group , Li|||||
||100,000,000.00|March 3,2017|March 2,2019|Yes|
|Zhaoting|||||
|Tunghsu Group , Li|||||
||200,000,000.00|November 10,2017|November 15,2022|Yes|
|Zhaoting|||||
|Tunghsu Group , Li|||||
||100,000,000.00|June 16,2016|June 16,2019|Yes|
|Zhaoting|||||
|Tunghsu Group , Li|||||
||200,000,000.00|June 26,2018|June 24,2019|Yes|
|Zhaoting|||||
|Tunghsu Group , Li|||||
|Zhaoting, Tunghsu|40,000,000.00|February 9,2018|February 8,2019|Yes|
|Optoelectronic|||||
|Technology Co., Ltd.|||||
|Tunghsu Group , Li|||||
|Zhaoting, Tunghsu|||||
||40,000,000.00|February 12,2018|February 11,2019|Yes|
|Optoelectronic|||||
|Technology Co., Ltd.|||||
|Tunghsu Group,|||||
|Shanghai Qianhe|200,000,000.00|June 8,2018|June 8,2019|Yes|
|Industry Co., Ltd.|||||
|Tunghsu Group|50,000,000.00|February 7,2018|February 6,2019|Yes|
|Tunghsu Group|200,000,000.00|March 15,2018|March 15,2019|Yes|
|Tunghsu Group|95,000,000.00|March 19,2018|March 12,2019|Yes|
|Tunghsu Group , Li|||||
||200,000,000.00|May 15,2017|May 15,2019|Yes|
|Qing, Li Zhaoting|||||
|Tunghsu Group , Li|||||
||300,000,000.00|June 2,2017|June 2,2019|Yes|
|Qing, Li Zhaoting|||||
|Pledge of periodic|||||
|deposit certificate of|||||
|Tunghsu Group , Wuhu|||||
|Tunghsu Optoelectronic|45,000,000.00|May 28,2018|May 28,2019|Yes|
|Equipment Technology|||||
|Co., Ltd. and its|||||
|subsidiaries|||||
|Pledge of periodic|||||
|deposit certificate of|||||
|Tunghsu Group , Wuhu|||||
|Tunghsu Optoelectronic|135,000,000.00|June 27,2018|June 27,2019|Yes|
|Equipment Technology|||||
|Co., Ltd. and its|||||
|subsidiaries|||||
|Tunghsu Group, Li|||||
||50,000,000.00|March 13,2018|March 13,2019|Yes|
|Zhaoting|||||
|Tunghsu Group, Li|||||
||30,000,000.00|May 22,2018|May 22,2019|Yes|
|Zhaoting|||||

(5) Inter-bank lending of capital of relatedparties：
(6) Related party asset transfer and debt restructuring
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 (7) Rewards for the key management personnel
（8）Other related transactions
6. Payables and receivables of the related party
（1）Receivables
In RMB
|||||||
|-|-|-|-|-|-|
|||Amount at year end||Amount at year begiing||
|Name|Related party|||||
|||Balance of Book|Bad debt provision|Balance of Book|Bad debt provision|
||Chengdu China|||||
|Account receivable|Optoelectronic|787,800.00||874,842.20||
||Technology Co., Ltd|||||
||Guangdong Huakai|||||
|Account receivable|Real Estate|23,755,684.99||30,096,793.88||
||Development Co.,|||||
||Ltd.|||||
||Jinzhou Xulong|||||
|Account receivable|Solar Energy|2,449,198.07||2,449,198.07||
||Technology Co., Ltd.|||||
||Kunming Tunghsu|||||
||Qiming Investment|||||
|Account receivable||221,018,737.46||247,253,556.82||
||Development Co.,|||||
||Ltd.|||||
||Yinchuan Fengxiang|||||
||Street|||||
||Comprehensive|||||
|Account receivable||105,272,505.45||107,844,476.63||
||Construction|||||
||Management Co.,|||||
||Ltd.|||||
||Anhui Tunghsu|||||
|Account receivable|Kangtu Solar Energy|222,740.00||222,740.00||
||Technology Co., Ltd.|||||
||Tunghsu Lantian|||||
|Account receivable|New Energy Co.,|29,158,965.85||35,392,973.72||
||Ltd.|||||
||Beijing Hexie|||||
|Account receivable|Guanglu Technology|138,000.00||138,000.00||
||Co., Ltd.|||||
||Beijing Zhonghuan|||||
|Account receivable|Xinrong Trade Co.,|215,747,350.00||215,747,350.00||
||Ltd.|||||
||Dongguan Yijiu Real|||||
|Account receivable|Estate Development|6,028,046.96||996,344.71||
||Co., Ltd.|||||
||Tunghsu Chuangzhi|||||
|Account receivable|（Beijing）Cultural|1,250.00||204,000.00||
||Media Co., Ltd.|||||
||Tunghsu Technology|||||
|Account receivable|Development Co.,|3,633,892.00||4,133,892.00||
||Ltd.|||||
||Fujian Tunghsu|||||
|Account receivable|Qiming Real Estate|1,133,161.10||3,389,184.77||
||Co., Ltd.|||||
||Hunan Baoan Hongji|||||
|Account receivable||12,626.16||19,459,762.15||
||Real Estate|||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
||Development Co.,|||
||Ltd.|||
||Huidong Baoan|||
|Account receivable|Hongji Real Estate|32,098,949.22|32,810,756.93|
||Development Co.,|||
||Ltd.|||
||Huidong Ban Jinan|||
|Account receivable|Real Estate|176,388,422.73|256,023,829.26|
||Development Co.,|||
||Ltd.|||
||Huizhou Dexin Real|||
|Account receivable||60,404,758.73|67,266,007.88|
||Estate Co., Ltd.|||
||Shanghai Anxuan|||
|Account receivable|Automation|109,032.00|109,032.00|
||Technology Co., Ltd.|||
||Shenzhen Hongji|||
||Property|||
|Account receivable||259,397.37|15,405.00|
||Management Co.,|||
||Ltd.|||
||Shengzhou Zhexu|||
|Account receivable||46,364,725.69|85,658,187.65|
||Real Estate Co., Ltd.|||
||Tibet Xuri Capital|||
|Account receivable|Management Co.,||9,800.00|
||Ltd.|||
||Zhangzhou|||
|Account receivable|Shenghua Real||128,070,429.45|
||Estate Development|||
||Co., Ltd.|||
||Zhongshan|||
||Shenzhong Real|||
|Account receivable||228,504,453.73|193,677,332.40|
||Estate Development|||
||Co., Ltd.|||
||Zhongshan|||
|Account receivable|Shenzhong Real|32,244,511.45|42,197,817.95|
||Estate Development|||
||Co., Ltd.|||
||Huizhou Baoan Real|||
|Account receivable|Estate Development|2,000,000.00||
||Co., Ltd.|||
||Chongqing Tunghsu|||
|Account receivable|Qide Real Estate|87,298,400.10|57,086,524.08|
||Co., Ltd.|||
||Hebei Baoshi Energy|||
|Prepayments|saving lighting|60,000.00|60,000.00|
||technology Co., Ltd.|||
||Hebei Decoration|||
|Prepayments|Printing Machinery||835,680.87|
||Co., Ltd.|||
||Tunghsu Technology|||
|Prepayments|||4,000.00|
||Group Co., Ltd.|||
||Zhongshan|||
||Shenzhong Real|||
|Prepayments|||1,347,924.53|
||Estate Development|||
||Co., Ltd.|||
||Huidong Baoan|||
|Other receivable|Hongji Real Estate||4,020,000.00|
||Development Co.,|||
||Ltd.|||
|Other receivable|Huizhou Dexin Real|50,000.00|500,000.00|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
||Estate Co., Ltd.|||
||Chongqing Tunghsu|||
|Other receivable|Qide Real Estate||1,050,000.00|
||Co., Ltd.|||
||Tunghsu Group|||
|Other receivable|Finance Company|17,112,926.77||
||Co., Ltd.|||
||Kunming Tunghsu|||
|Other receivable|Qiming Investment|30,000.00||
||Development Co.,|||
||Ltd.|||
||Tunghsuf North Real|||
|Other receivable|Estate (Beijing) Co.,|116,342.89||
||Ltd.|||
|Other non-current||||
||Tunghsu Group|35,640,118.34|73,876,642.13|
|assets||||

（2）Payables
In RMB
|||||
|-|-|-|-|
|Name|Related party|Book balance at year end|Book balance at year beginning|
||Shijiazhuang Baoshi Xuming|||
|Account payable||14,948.00|14,948.00|
||Pipe Co., Ltd.|||
||Shijiazhuang Baoshi Electronic|||
|Account payable||6,344.16|6,344.16|
||vacuum Glass Co., Ltd.|||
||Shijiazhuang Baoshi|||
|Account payable|Large-diameter plastic tube Co.,|533,942.80|533,942.80|
||ltd|||
||Shijiazhuang Baoshi Zhonghe|||
|Account payable||30,296.40|3,483,519.11|
||Steel Plastic Shape Co., Ltd.|||
||Shijiazhuang Xuling Electronic|||
|Account payable||1,320,164.09|1,320,164.09|
||Technology Co., Ltd.|||
||Tunghsu Honghai|||
|Account payable|Environmental Protection|39,500.00|276,500.00|
||Technology Co., Ltd.|||
||Chengdu China Optoelectronic|||
|Account payable||13,424,400.00||
||Technology Co., Ltd.|||
||Chengdu China Optoelectronic|||
|Advance revenue||160,273.75||
||Technology Co., Ltd.|||
||Hunan Baoan Hongji Real|||
|Advance revenue||7,449,795.64||
||Estate Development Co., Ltd.|||
|Advance revenue|Tunghsu Group|47,075,980.50|47,075,980.50|
||Yixian Xuhua Garden|||
|Advance revenue|Construction Development Co.,|98,974,098.18|110,259,360.60|
||Ltd.|||
||Hangzhou Yuanbang Real|||
|Advance revenue||100,000,000.00|100,000,000.00|
||Estate Development Co., Ltd.|||
||Zhongshan Donghong Real|||
|Advance revenue||3,318,850.80|3,318,850.80|
||Estate Development Co., Ltd.|||
|Other payable|Baoshi Group|28,967,925.86|722,000.00|
|Other payable|Tunghsu Group|201,704,321.57|275,490,964.33|
||Shijiazhuang Baoshi Electronic|||
|Other payable||4,792,523.07|4,768,691.30|
||vacuum Glass Co., Ltd.|||
||Shijiazhuang Baoshi Xuming|||
|Other payable||97,031.00|97,031.00|
||Pipe Co., Ltd.|||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
||Chengdu China Optoeelctronic|||
|Other payable||6,850.92|6,850.92|
||Technology Co., Ltd.|||
||Huidong Baoan Jinan Real|||
|Other payable|||4,008,400.00|
||Estate Development Co., Ltd.|||
||Tibet Xuri Capital Management|||
|Other payable||8,000,000.00|8,000,000.00|
||Co., Ltd.|||
||Tunghsu Technology Group|||
|Other payable||165,242.00||
||Co., Ltd.|||
||Huizhou Dexin Real Estate Co.,|||
|Other payable||8,117,975.82||
||Ltd.|||
||Chongqing Tunghsu Real Estate|||
|Other payable||500,000.00||
||Co., Ltd.|||
||Tunghsu (HK) Holding Co.,|||
|Other payable|||782,250.00|
||Ltd.|||
||Zhongshan Shenzhong Real|||
|Other payable|||339,000,000.00|
||Estate Development Co., Ltd.|||

7. Related party commitment
Nil
8.Other
Nil
XIII. Stock payment
1. The Stock payment overall situation
□ Applicable√ Not applicable
2. The Stock payment settled by equity
□ Applicable√ Not applicable
3. The Stock payment settled by cash
□ Applicable√ Not applicable
4. Modification and termination of the stock payment
Nil
5.Other
XIV. Commitments
1.Importance commitment events
Important commitments of existence of balance sheet date
Important commitments not required to be disclosed by the company as of December 30, 2019.
2. Contingency
(1) Significant contingency at balance sheet date
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 1. Construction project contract disputes. The plaintiff Chongqing Mingyi Labor Service Co., Ltd. requested the amount of 5 million yuan in project compensation and the interest from August 1, 2011. The No. 2370 Case of (2017) CHUAN 1130 MINCHU of the People's Court of Shunqing District of Nanchong City was held at 15:30 on July 26th, 2017, and the case was transferred to the Intermediate People's Court of Chengdu for railway transportation. The case was handed over to the Chengdu IntermediatePeople’s Court for Railway Transportation. On December 18, 2017, the court accepted the case for the first instance and informed the Plaintiff and the Defendant to supplement data, First instance judgment result: Daosui paid RMB 1.5 million and bore the acceptance fee of RMB 14,040. The Daosui company appealed, judgment of second instance on April 15, 2015: 1. Revoke the judgment of first instance. 2. Daosui will pay 5 million yuan. The toll for Daosui is 46,800 yuan and the toll for the second instance is 53,100 yuan. On May 16, 2019, Daosui applied for a retrial, and the Provincial High Court accepted the notice of retrial, (2019) CMS No. 2455, waiting for the retrial notice.
2. Construction project contract disputes. Plaintiff: Chongqing Minyi Labor Service Co., Ltd., Defendant: Daosui Group Engineering Co., Ltd.,Road&bridge International Co., Ltd., Third Party: Earth and Rock Engineering Branch of Sichuan Nanchong Hongcheng Construction Engineering Co., Ltd., Litigation Request: Litigation request: Daosui Group Engineering Co., Ltd. pays 4,260,061 yuan for on-site material equipment and interest on January 23, 2011;Road&bridge International Co., Ltd. and the third party bear joint responsibility for payment within the scope of 2,75,721.63 yuan of on-site materials and equipment received. The No. 2371 case of (2017) CHUAN 1302 MINCHU of People's Court of Shunqing District of Nanchong City was held at 15:30 on July 27th, 2017, and the case was transferred to the IntermediatePeople’s Court of Chengdu for railway transportation. The case was handed over to the Chengdu IntermediatePeople’s Court for Railway Transportation. On December 18, 2017, the court accepted the case for the first instance and informed the Plaintiff and the Defendant to supplement data, First instance judgment result: Daosui paid RMB 2,300,720.63 and interest and bore the acceptance fee of RMB 21,591.00.The Daosui company appealed, judgment of second instance on April 26, 2019: 1. Revoke the judgment of first instance. 2. Daosui paid 1800720.63 yuan and interest. The toll for Daosui is 19,302 yuan for the first instance and 25,205.77 yuan for the second instance. On May 22, 2019, Beibei District Court of Chongqing City: Notice of Fulfillment of Due Debts, Execution Ruling: Freezing Mingyi Company's Creditor's Rights at Daosui of 1800720 Yuan. Application for objection to enforcement of Daosui appeal.
3. Private lending disputes. Plaintiff: Ye Pingyuan, defendant: He Yuanyuan, Daosui Group, plaintiff's request: immediate repayment of the loan principal amount of 3.3 million yuan and interests of 726,000 yuan during the period, overdue interests and penalty interests, etc.; a total of 80,000 yuan forlawyers’ fees, travel expenses, property preservation guarantees, etc. The plaintiff's request: immediate repayment of the loan principal of 2.7 million yuan and interest of 972,000 yuan during the period, overdue interest and penalty interest, etc.; payment of legal fees, travel expenses, property preservation guarantee fees, etc., totaling 50,000 yuan. ThePeople’s Court of Nanan District, Chongqing City accepted and issued the No. 5009 and No.5010 notice of respondence to action of (2017)YU 0108 ZI to Daosui Group on February 5,2018. (2017) Yu 0108 Zi No. 5009 first instance judgment result: He Yuanyuan and Daosui Group repaid the principal amount of RMB 3.3 million and interest, Daosui Company appealed, second instance judgment result: abrogated the first instance judgment, remanded it to the court of first instance for retrial, and now it is in the remanding and retrial stage. (2017) Yu 0108 Zi No. 5010 first instance judgment result: He Yuanyuan and Daosui Group repaid the principal amount of RMB 2.7 million and interest, Daosui Company appealed, second instance judgment result: abrogated the first instance judgment, remanded it to the court of first instance for retrial, and now it is in the remanding and retrial stage. (2017) Yu 0108 Zi No. 5010 first instance judgment result: He Yuanyuan and Daosui Group repaid the principal amount of RMB 2.7 million and interest, Daosui Company appealed, second instance judgment result: abrogated the first instance judgment, remanded it to the court of first instance for retrial, and now it is in the remanding and retrial stage.
4. Construction project contractdisputes，Plaintiff: Nanchong Jian'an Labor Service Co., Ltd., Defendant: Road and Bridge International Co., Ltd., Third party: Daosui Group. Plaintiff's request: Payment of RMB 3,850,838.84. Pleadings, summons, notice of respondence to action, notice of evidence sent by Shunqing District Court in Nanchong City were received on July 30, 2018. The Company filed application for jurisdiction objection on July 31, 2018. and The written verdict sent by Shunqing District Court in Nanchong City was received on September 26, 2018: The case was transferred to Chengdu Railway Transportation Court for trial. Pleadings, summons, notice of respondence to action, notice of evidence and notice of members of the collegiate bench sent by Chengdu Railway Court were received on November 29, 2018. It was scheduled to be heard at 2:30 p.m. on December 19, 2018, and is now waiting for the judgment of first instance. On May 8, 2019, the attorney received the legal information, and the case shall be handled according to the withdrawal of the other party.
5. In March 2016, Daosui Group Engineering Co., Ltd. filed a lawsuit to the owner of Inner Mongolia Zhunxing Heavy-duty Highway Co., Ltd. for payable quality guarantee deposit, totaling amount of RMB 103,000,000 Yuan,
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 and the owners raised objections to jurisdiction. The first instance ruling was arbitrated by Beijing Arbitration Commission, and Daosui Group Engineering Co., Ltd. appealed. Through judgment of the Supreme Court, it decided to be arbitrated by Beijing Arbitration Commission on September 27, 2016. The case is in a state of suspension, waiting for the Company to apply for arbitration from Beijing Arbitration Commission. In the same year, Daosui Group Engineering Co., Ltd. counterclaimed AZ-1 and AZ-2 parts except for the quality guarantee deposit. After the counterclaim, the owner filed an objection to jurisdiction and the first instance judged to be arbitrated by Beijing Arbitration Commission. The Company appealed, and the second instance of the Supreme Court judged to be prosecuted by Inner Mongolia High Court in July, 2017. On September 10, 2017, the complaint was resubmitted. Inner Mongolia High Court accepted the case and has not held a court until the reporting date.In May 2019, the court held a hearing in Inner Mongolia High Court. The original defendants in the court all applied for engineering appraisal and are now waiting for the court to select an appraisal institution.（2）The Company have no significant contingency to disclose, also should be stated
The was no significant contingency in the Company.
3.Other
XV. Post-balance-sheet events
1. Significant events had not adjusted
2. Profit distribution
3. Sales return
4.Notes of ohter significant events
XVI. Other signifiant enents
1.The accounting errors correction in previous period
（1）Retrospective restatement
（2）Prospective application
2. Debt restructuring
3. Replacement of assets
（1）Non-monetary assets exchange
（2）Other assets replacement
4.Pension plan
5.Discontinuing operation
6. Segment information
(1) Recognition basis and accounting policies of reportable segment
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019（2）Reporting Segment Financial Information
(3) There was no reportable segment, or the total amount of assets and liabilities of each part of reportable segment, shall disclose the reason.
（4）Other notes
7. Other important transactions and events have an impact oninvestors’ decision-making
8.Other
XVII. Notes s of main items in financial reports of parent company
（1）Account receivable
1.Classification account receivables.
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Year-end balance|||||Year-beginning balance|||||
||Book balance||Bad debt provision||Net|Book balance||Bad debt provision||Net|
|Category|||||||||||
|||Proportio||Proportio|carrying||Proportio||Proportio|carrying|
||Amount||Amount|||Amount||Amount|||
|||n（%）||n（%）|amount||n（%）||n（%）|amount|
|Of which ：|||||||||||
|Accrual of bad debt|||||||||||
||159,365,||285,283.||159,080,4|176,852,7||288,862.5||176,563,92|
|provision by||100.00%||0.18%|||100.00%||0.16%||
||761.71||36||78.35|88.81||8||6.23|
|portfolio:|||||||||||
|Of which ：|||||||||||
||295,683.||285,283.|||82,795,68||285,283.3||82,510,400.|
|Aging portfolio||0.19%||96.48%|10,400.52||46.82%||0.34%||
||88||36|||3.88||6||52|
||159,070,||||159,070,0|94,057,10||||94,053,525.|
|Other portfolio||99.81%||0.00%|||53.18%|3,579.22|0.00%||
||077.83||||77.83|4.93||||71|
||159,365,||285,283.||159,080,478.35|176,852,7||288,862.5||176,563,92|
|Total||100.00%||0.18%|||100.00%||0.16%||
||761.71||36|||88.81||8||6.23|

 Accrual of bad debt provision by single item:
Accrual of bad debt provision by portfolio item: Aging portfolio
In RMB
|||||
|-|-|-|-|
||Year-end balance|||
|Name||||
||Account receivable|Provision for bad debts|Proportion%|
|Within 1 year|10,400.52|||
|Within credit period|10,400.52|||
|Within 1 year after credit period|||5.00%|
|1-2 years|||10.00%|
|2-3 years|||30.00%|
|Over 3 years|||50.00%|
|3-4 years|||70.00%|
|4-5 years|285,283.36|285,283.36|100.00%|
|Over 5years|295,683.88|285,283.36|--|
|Total||||

Accrual of bad debt provision by portfolio:Other portfolio
|||||
|-|-|-|-|
||Year-end balance|||
|Name||||
||Account receivable|Provision for bad debts|Proportion%|
|Other portfolio|159,070,077.83||0.00%|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Total|159,070,077.83|--|

Notes:
Relevant information of the provision for bad debts will be disclosed with reference to the disclosure method of other receivables if the provision for bad debts of bills receivable is accrued according to the general model of□Applicable√Not applicable
Disclosure by aging
In RMB
|||
|-|-|
|Aging|Amount in year-end|
|Within 1 year（Including 1 year）|10,400.52|
|Within credit period|10,400.52|
|Over 3 years|285,283.36|
|Over 5 years|285,283.36|
|Total|295,683.88|

 (2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debtprovision：
In RMB
|||||||
|-|-|-|-|-|-|
|||Amount of change in the current period||||
|Category|Opening balance||Reversed or||Closing balance|
|||Accrual||Write-off||
||||collected amount|||
|Accounts receivable|288,862.58||3,579.22||285,283.36|
|Total|288,862.58||3,579.22||285,283.36|

（3）The current accounts receivable written-offs situation
（4）The ending balance of account receivables owed by the imputation of the top five parties
The total receivable amount of top five closing balances collected by the debtors in the current reporting period is RMB157,559,672.99, which accountsfor98.87% of the total receivables. The total amount of closing balance for corresponding accrued bad-debt provision is RMB0.00.
（5）Account receivable which terminate the recognition owning to the transfer of the financial assets
(6)The amount of the assets and liabilities formed by the transfer and the continues involvement of accounts receivable
2. Other accounts receivable
In RMB
||||
|-|-|-|
|Items|Amount in year-end|Amount in year-begin|
|Interest receivable|27,122,805.61|7,521,489.86|
|Dividend receivable|500,000,000.00|500,000,000.00|
|Other receivable|8,453,090,240.90|5,774,153,829.41|
|Total|8,980,213,046.51|6,281,675,319.27|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019（1）Interest receivable
（1）Classification Interest receivable
In RMB
||||
|-|-|-|
|Items|Amount in year-end|Amount in year-begin|
|Fixed deposit|27,122,805.61|7,521,489.86|
|Total|27,122,805.61|7,521,489.86|

（2）Important overdue interest
（3）Bad-debt provision
□ Applicable√ Not applicable
(2).Dividend receivable
1）Classification Dividend receivable
In RMB
||||
|-|-|-|
|Items|Amount in year-end|Amount in year-begin|
|Wuhu Tunghsu Equipment Technology|||
||500,000,000.00|500,000,000.00|
|Co., Ltd.|||
|Total|500,000,000.00|500,000,000.00|

2）Significant Dividend receivable aged over 1 year
3）Bad-debt provision
□ Applicable√ Not applicable
（3）Other account receivable
(1) Other accounts receivable disclosed by category
In RMB
||||
|-|-|-|
|Nature|Closing book balance|Opening book balance|
|Deposit|11,155,341.10|29,065,478.16|
|Personal official borrowing|336,146.86|163,295.56|
|Current account|8,441,976,283.64|5,743,653,445.32|
|Persona Returnable Insurance|655,870.15|603,814.14|
|Other|601,747.71|2,302,944.80|
|Total|8,454,725,389.46|5,775,788,977.98|

2）Bad-debt provision
In RMB
||||||
|-|-|-|-|-|
||Stage 1|Stage 2|Stage 3||
|Bad Debt Reserves|Expected credit|Expected credit loss over|Expected credit losses for|Total|
||losses over the next||the entire duration (credit||
|||life (no credit impairment)|||
||12 months||impairment occurred)||
|Balance as at January 1,|||||
||1,635,148.56|||1,635,148.56|
|2019|||||
|Balance as at January 1,|——|——|——|——|

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|2019 in current|||
|Balance as at June|||
||1,635,148.56|1,635,148.56|
|30,2019|||

Loss provision changes in current period, change in book balance with significant amount
□ Applicable√Not applicable
Disclosure by aging
In RMB
|||
|-|-|
|Aging|Closing balance|
|Within 1 year(Including 1 year）|2,462,545.16|
|Within credit period|2,462,545.16|
|Within 1 year after credit period||
|Over 3 years|1,699,532.09|
|3-4 years|45,661.16|
|4-5 years|208,497.63|
|Over 5 years|1,445,373.30|
|Total|4,162,077.25|

 3) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debtprovision：
In RMB
||||||
|-|-|-|-|-|
|||Amount of change in the current period|||
|Category|Opening balance||Reversed or collected|Closing balance|
|||Accrual|||
||||amount||
|Other account receivable|1,635,148.57|||1,635,148.57|
|Total|1,635,148.57|||1,635,148.57|

 4) Other Receivables with Actual Verification in the Reporting Period
5) Top 5 of the closing balance of the other accounts receivable collected according to the arrears party
In RMB
|||||||
|-|-|-|-|-|-|
|||||Proportion of the||
|||||total year end|Closing balance of|
|Name|Nature|Closing balance|Aging|||
|||||balance of the|bad debt provision|
|||||accounts receivable||
|Wuhu Tunghsu||||||
|Optoelectronic|Current account|3,389,564,171.94|Within credit period|39.62%||
|Technology Co., Ltd.||||||
|Wuhu Tunghsu||||||
|Optoelectronic|Current account|1,989,513,586.99|Within credit period|23.26%||
|Equipment||||||
|Technology Co., Ltd.||||||
|Tunghsu(Kunshan)Di||||||
|splay Material Co.,|Current account|1,341,936,710.56|Within credit period|15.69%||
|Ltd.||||||
|Liaoning Tunghsu||||||
|Sanbao Intelligence|Current account|565,140,000.00|Within credit period|6.61%||
|Technology Co., Ltd.||||||
||||Within credit period|||
|Guangxi Sunlong|Current account|425,980,000.00||4.98%||
|Total|--|7,712,134,469.49|--|90.15%||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 6) Accounts receivable involved with government subsidies
7) Other account receivable which terminate the recognition owning to the transfer of the financial assets Nil 8) The amount of the assets and liabilities formed by the transfer and the continues involvement of other accounts receivable
3. Long-term equity investment
In RMB
||||||||
|-|-|-|-|-|-|-|
||End of term|||Beginning of term|||
|Items|Book Balance|Impairment|Net carrying||Impairment|Net carrying|
|||||Book Balance|||
|||provision|amount||provision|amount|
|Investment in|26,853,312,681.51|||||24,330,387,231.6|
|||378,172,649.84|26,475,140,031.67|24,708,559,881.51|378,172,649.84||
|subsidiaries||||||7|
|Investment in|||||||
|joint ventures and|2,191,785,865.01||2,191,785,865.01|2,174,347,969.22||2,174,347,969.22|
|associates|||||||
||||28,666,925,896.68|||26,504,735,200.8|
|Total|29,045,098,546.52|378,172,649.84||26,882,907,850.73|378,172,649.84||
|||||||9|

（1）Investment to the subsidiary
In RMB
||||||||
|-|-|-|-|-|-|-|
|||Increase /decrease||||Closing|
|Name of|Opening balance||||Closing balance|balance of|
|investee||Increase||Other||impairment|
|||||||provision|
|Wuhu Tunghsu|||||||
|Optoelectronic|||||||
|Equipment|290,900,000.00||||290,900,000.00||
|Technology Co.,|||||||
|Ltd.|||||||
|Shijiazhuang|||||||
|Xuxin|||||||
|Optoelectronic|1,966,568,609.92||||1,966,568,609.92||
|Technology Co.,|||||||
|Ltd|||||||
|Zhengzhou|||||||
|Xufei|||||||
|Optoelectronic|1,791,853,741.58||||1,791,853,741.58||
|Technology Co.,|||||||
|Ltd.|||||||
|Sichuan Xuhong|||||||
|Optoelectronic|2,021,178,272.58|48,000,000.00|||2,069,178,272.58||
|Technology Co.,|||||||
|Ltd.|||||||
|Wuhu Tunghsu|||||||
|Optoelectronic|4,711,064,000.00||||4,711,064,000.00||
|Technology Co.,|||||||
|Ltd.|||||||
|Fuzhou Tunghsu|||||||
|Optoelectronic|1,745,000,000.00||||1,745,000,000.00||
|Technology Co.,|||||||
|Ltd.|||||||
|Wuhan Tunghsu|||||||
||3,247,200.00||3,247,200.00||||
|Optoelectronic|||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||
|-|-|-|-|-|
|Technology Co.,|||||
|Ltd.|||||
|Fuzhou Xufu|||||
|Optoelectronic|24,000,000.00||24,000,000.00||
|Technology Co.,|||||
|Ltd.|||||
|Shenzhen Xuhui|||||
|Investment Co.,|100,000,000.00||100,000,000.00||
|Ltd.|||||
|Tunghsu|||||
|（Yingkou）|||||
|Optoelectroinc|166,771,734.60||166,771,734.60||
|Display Co.,|||||
|Ltd.|||||
|Shijiazhuang|||||
|||||378,172,649.|
|Colour Bulb|61,169,306.96||61,169,306.96||
|||||84|
|Co., Ltd|||||
|Jiangsu Jixing|||||
|New Material|297,345,300.00||297,345,300.00||
|Co., Ltd.|||||
|Tunghsu|||||
|（Kunshan）|||||
|Display|1,000,000,000.00|400,000,000.00|1,400,000,000.00||
|Material Co.,|||||
|Ltd.|||||
|Beijing Xutan|||||
|New Material|10,500,000.00||10,500,000.00||
|Technology Co.,|||||
|Ltd.|||||
|Beijing Xufeng|||||
|Real Estate Co.,|470,000,000.00||470,000,000.00||
|Ltd.|||||
|Tunghsu|||||
|Construction|3,000,453,728.53||3,000,453,728.53||
|Group Co.,Ltd.|||||
|Shanghai|||||
|Sunlong Bus|5,900,000,000.00||5,900,000,000.00||
|Co., Ltd.|||||
|Shenzhen|||||
|Sanbao|||||
|Chuangxin|157,598,587.50||157,598,587.50||
|Inteligent Co.,|||||
|Ltd.|||||
|Beijing Tunghsu|||||
|Huaqing|3,500,000.00||3,500,000.00||
|Investment|||||
|Co., Ltd.|||||
|Sanghai|||||
|Tanyuan Huigu|||||
|New Material|73,454,500.00||73,454,500.00||
|Technology Co.,|||||
|Ltd.|||||
|Taizhou|||||
|Tunghsu|||||
|graphene|||||
|Industry|25,000,000.00||25,000,000.00||
|Investment|||||
|Fund|||||
|Management|||||
|Cente|||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||||||
|-|-|-|-|-|-|-|
|Fuzhou Tunghsu|||||||
|Investment|500,000,000.00||||500,000,000.00||
|Development|||||||
|Co., Ltd.|||||||
|Anhui Xuan|||||||
|Optoelectronic|||||||
||10,000,000.00||||10,000,000.00||
|Technology Co.,|||||||
|Ltd.|||||||
|Tunghsu|||||||
|Optoelectronic|782,250.00||||782,250.00||
|EU B.V.B20|||||||
|Liaoning|||||||
|Tunghsu Sanbao|||||||
|Intellitence||100,000,000.00|||100,000,000.00||
|Technology Co.,|||||||
|Ltd.|||||||
|Tunghsu|||||||
|(Jinzhou)|||||||
|Precision|||||||
|||500,000,000.00|||500,000,000.00||
|Optoelectronic|||||||
|Technology Co.|||||||
|Ltd.|||||||
|Tunghsu|||||||
|(Jinzhou)|||||||
|Precision||500,000,000.00|||500,000,000.00||
|Optoelectronic|||||||
|Technology Co.|||||||
|Ltd.|||||||
|Tunghsu|||||||
|(Jinzhou)|||||||
|Intellitence||300,000,000.00|||300,000,000.00||
|Optoelectronic|||||||
|Co., Ltd.|||||||
|Tunghsu|||||||
|(Jinzhou)|||||||
|Intellitence||300,000,000.00|||300,000,000.00||
|Material|||||||
|Technology Co.,|||||||
|ltd.|||||||
||24,330,387,231.67||||26,475,140,031.67|378,172,649.84|
|Total||2,148,000,000.00|3,247,200.00|0.00|||

（2）Investment to joint ventures and associated enterprises
In RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||Increase /decrease in reporting period||||||||||
||||||||||||Closing|
||||||Adjustme|||||||
|||||||||Withdraw|||balance|
|Name|Opening|Add|Decrease|Gain/loss|nt of|Other|Declarati|n||Closing|of|
||balance|investmen|dinvestme|ofInvestme|othercomprehe|equity|on of cashdividends|impairme|Other|balance|impairme|
|||t|nt|nt|nsive|changes|or profit|ntprovision|||ntprovision|
||||||income|||||||
|I. Joint ventures||||||||||||
|II. Associated enterprises||||||||||||
|CUHK||||||||||||
|internatio|76,270,93|||-1,211,11||||||75,059,81||
|nal||||||||||||
||4.28|||7.11||||||7.17||
|business||||||||||||
|factoring||||||||||||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
|||||
|-|-|-|-|
|co., Ltd.||||
|Tunghsu||||
|Group|2,056,260|16,642,25|2,072,902|
|Finance|,495.74|9.43|,755.17|
|Co., Ltd.||||
|Zibo Bus|41,816,53|2,006,753|43,823,29|
|Co., Ltd.|9.20|.47|2.67|
||2,174,347|17,437,89|2,191,785|
|Subtotal||||
||,969.22|5.79|,865.01|
||2,174,347,969.22|17,437,89|2,191,785,865.01|
|Total||||
|||5.79||

（3）Other
4.Business income and Business cost
In RMB
||||||
|-|-|-|-|-|
||Amount of current period||Amount of previous period||
|Items|||||
||Income|Cost|Income|Cost|
|Main business|51,609,257.90|46,674,867.31|54,602,917.98|38,492,540.23|
|Other business|66,719,371.43|57,593,898.73|713,064.42||
|Total|118,328,629.33|104,268,766.04|55,315,982.40|38,492,540.23|

 Whether implemented new revenue guidelines
□ Yes√ No
5. Investment income
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Investment loss through disposal of|||
||17,437,895.79|11,835,887.67|
|long-term equity investment|||
|Disposal of investment income from|||
|||-20,628,050.30|
|long-term equity investments|||
|Other Investment income||13,923,452.07|
|Total|17,437,895.79|5,131,289.44|

 6.Other
XVIII. Supplementary Information
1.Current non-recurring gains/losses
√ Applicable□Not applicable
In RMB
||||
|-|-|-|
|Items|Amount|Notes|
|Gains/Losses on the disposal of non-current assets|14,672,155.64||
|Government grants recognized in the current period, except for those acquired in the ordinary|||
|course of business or granted at certain quotas or amounts according to the country’s unified|68,408,139.17||
|standards|||
|Entrusted with the operating of the trust to obtain fee income|246,200.42||
|Net amount of non-operating income and expense except the aforesaid items|7,342,788.31||

Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019
||||
|-|-|-|
|Less: .Amount of influence of income tax|12,093,227.86||
|Amount of influence of minority interests|12,495,212.36||
|Total|66,080,843.32|--|

 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
2 Return on net assets and earnings per share
|||||
|-|-|-|-|
|||Earnings per share||
||Return on net assets .|||
|Profit of the report period||||
||Weighted（%）|Basic earnings per share|Diluted gains per share|
|Net profit attributable to the Common stock||0.15|0.15|
||2.57%|||
|shareholders of Company.||||
|Net profit attributable to the Common stock||||
|shareholders of Company after deducting of|2.37%|0.14|0.14|
|non-recurring gain/loss.||||

3. Differences between accounting data under domestic and overseas accounting standards
(1) Differences of net profit and net assets disclosed in financial reports prepared under international and
Chinese accounting standards
□ Applicable√Not applicable
(2) Differences of net profit and net assets disclosed in financial reports prepared under overseas and
Chinese accounting standards
□ Applicable√Not applicable
(3) Explain reasons for the differences between accounting data under domestic and overseas accounting standards, for audit data adjusting differences had been foreign audited, should indicate the name of the
foreign institutions
4.Other
Tunghsu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2019 XI. Documents available for inspection
1.The original semi-annual report bearing the signature of the Chairman of the Board of Directors of the Company;
2.The text of the financial report bearing the seal and signature of the person in charge of the Company, financial controller and the person in charge of accounting organ
3. Originals of all documents and manuscripts of public Notices of the Company Disclosed in public in the newspapers as designated by China Securities Regulatory Commission.
4.【Notes】This Report has been prepared in both Chinese and English. In case of any discrepancy, the Chinese version shall prevail.
Tunghsu Optoelectronic Technology Co., Ltd.
Chairman:Wang Lipeng
Issue day approved by the Board ofDirectors：August30，2019