Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 Dongxu Optoelectronic Technology Co., Ltd.
The Semi-annual Report 2015
August 2015
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 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.
All the directors attended the board meeting for reviewing the semi-annual Report.
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.
Mr.Li Zhaoting, The Company leader, Mr. Li Quannian, Chief financial officer and the Mr..Xie Guozhong, 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.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 Table of Contents
2015 Semi-Annual Report
I..Important Notice, Table of contents and Definitions
II. Basic Information of the Company
III. Summary of Accounting Highlights and Business Highlights
IV. Report of the Board of Directors
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. Financial Report
X. Documents available for inspection
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 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|
|Dongxu Gruop|Refers to|Dong Xu Group Co., Ltd.|
|Baoshi Group|Refers to|Shijiazhuang Baoshi Electronics Group Co., Ltd|
|Dongxu Optoelectronic , Company, The|||
||Refers to|Dongxu Optoelectronic Technology Co., Ltd.|
|Conpany|||
|Zhengzhou Xufei|Refers to|Zhengzhou Xufei Optoelectronic Technology Co., Ltd.|
|Dongxu（Yingkou）Optoelectronic|Refers to|Dongxu（Yingkou）Optoelectronic Display Co., Ltd.|
|Sichuan Xuhong Optoelectronic|Refers to|Sichuan Xuhong Optoelectronic Technology Co., Ltd.|
|Shijiazhuang Xuxin|Refers to|Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd.|
|Wuhu Optoelectronic|Refers to|Wuhu Dongxu Optoelectronic Technology Co., Ltd.|
|Wuhu Equipment|Refers to|Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd.|
|||Shijiazhuang Dongxu Optoelectronic Equipment Technology Co.,|
|Shijiazhuang Equipment|Refers to||
|||Ltd.|
|BOE|Refers to|BOE Technology Group Co., Ltd.|
|||No. 2 Changjiang Securities Oriented asset management plan (on|
|No. 2 Changjiang Xingli Oriented plan|Refers to||
|||behalf of the company's first employee stock ownership plan)|
|No.3 Changjiang Xingli Oriented plan|Refers to|No. 3 Changjiang Securities Oriented asset management plan|
|Kunshan Development Zone State Investment|Refers to|Kunshan Development Zone State Investment Co., Ltd.|
|Yingfei Hailin|Refers|Beijing Yingfei Hailin Investment Center (Limited partership)|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 II. Basic Information of the Company
Ⅰ. Company Information
|||||
|-|-|-|-|
|Stock abbreviation|Dongxu Optoelectronic, Dongxu B|Stock code：|000413、200413|
|Stock abbreviation after||||
||Dongxu Optoelectronic, Dongxu B|||
|change (if any)||||
|Stock exchange for||||
||Shenzhen Stock Exchange|||
|listing：||||
|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)|Dongxu Optoelectronic Technology Co., Ltd.|||
|English abbreviation (If any)|Dongxu Optoelectronic|||
|Legal Representative|Li Zhaoting|||

Ⅱ. Contact person and contact manner
||||
|-|-|-|
||Board secretary|Securities affairs Representative|
|Name|Gong Xin|Wang Qingfei|
|||Securities Dept of the Company, No.9,|
||No.5 Court, No.23 A Fuxing Road,|Huanghe Road, Shijiazhuang High-tech|
|Contact address|||
||Haidian District, Beijing|Industrial Development Area,|
|||Shijiazhuang, Hebei Province|
|Tel|010-68297016|010-68297016 0311-86917775|
|Fax|010-68297016|010-68297016 0311-86917775|
|E-mail|gongxin3417@vip.sina.com|baoshixzb@126.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
Registrations address, offices address and codes as well as website and email of the Company has no change in reporting period,
found nore details in annual report 2014.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 2. In formation disclosure and preparation place
Whether information disclosure and preparation place changed in reporting period or not
√Applicable□ Not applicable
|||
|-|-|
|Newspapers selected by the Company for|China Securities Journal , Hong Kong Commercial Daily and Securities|
|information disclosure|Times|
|Internet website designated by CSRC for publishing||
||www.cninfo.com.cn|
|the simi-Annual report of the Company||
|The place where the semi-Annual report is prepared||
||Securities Dept of the Company|
|and placed||
|Date of provisional announcement on official||
|website (if any)||

3.Registration changes of the Company
Whether registration has changed in reporting period or not
□ Applicable√ Not applicable
Date/place for registration of the Company, registration nmber for enterprise legal license number of taxation registration and organization code have no change in reporting period, found more details in annual report 2014.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 III. Summary of Accounting data and Financial index
Ⅰ.Major accounting data and /Financial indexs
May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to change of the accounting policy and correction of accounting errors.
□ Yes√ No
|||||
|-|-|-|-|
||||Increase/decrease over the|
||Reporting period|Same period of last year||
||||same period of last yea（r %）|
|Operating income（RMB）|1,446,600,260.53|909,974,743.09|58.97%|
|Net profit attributable to the shareholders|433,177,734.96|407,536,660.90||
||||6.29%|
|of the listed company（RMB）||||
|Net profit after deducting of non-recurring||||
|gain/loss attributable to the shareholders of|255,683,677.13|265,334,873.54|-3.64%|
|listed company（RMB）||||
|Cash flow generated by business operation,|75,073,455.78|-1,491,802,085.05||
||||105.03%|
|net（RMB）||||
|Basic earning per share(RMB/Share)|0.160|0.150|6.67%|
|Diluted gains per|0.160|0.150||
||||6.67%|
|share(RMB/Share)(RMB/Share)||||
|Weighted average income/asset ratio（%）|6.64%|6.77%|-0.13%|
||As at the end of the||Changed （%）over end of|
|||As at the end of last year||
||reporting period||prev. year|
|Gross assets（RMB）|15,833,774,021.46|12,468,163,299.77|26.99%|
|Shareholders’ equity attributable to|6,607,166,806.17|6,436,732,506.01||
||||2.65%|
|shareholders of the listed company（RMB）||||

II.The differences between domestic and international 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
N/A
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting standards.
□ Applicable√Not applicable
No Differences
III.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|-35,050.57||
|for which assets impairment provision is made)|||
|Govemment subsidies recognized in currentgain and|186,458,166.64||
|loss(excluding those closely related to the Company’s business|||
|and granted under the state’s policies)|||
|Gains and losses from change of fair values of|18,763,137.14||
|held-for-transaction financial assets and financial liabilities|||
|except for the effective hedge business related to normal business|||
|of the Company, and investment income from disposal of|||
|transactional financial assets and liabilities and financial assets|||
|available for sale|||
|Gain/loss on loans obtained by entrusting others|3,500,000.00||
|Other non-operating income and expenditure beside for the above|2,621,178.79||
|items|||
|Less: Influenced amount of income tax|28,493,864.18||
|Amount of influence of minority interests（After tax）|5,319,509.99||
|Total|177,494,057.83|--|

For theCompany’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on information disclosure for Compaines 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/itesm as defined by the information disclosure explanatory
Announcement No.1- Non–recurring gain/loss in the report period.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 IV. Report of the Board of Directors
I. General
2015 was the year when the Company Dongxu Optoelectronic carried out strategic layout. In the first half of this year, the Company took innovative glass substrate production technology, accelerating the construction of production line, improving market share as the core and was committed to the construction and development of the main industry. At the same time, in order to enhance the company's profitability and market competitiveness, and tap the potential value of the existing channels, the Company tried to lay many business lines connecting downstream industry, taking the key step on the high-end display materials and equipment
manufacturing development. Up to now, the Company has formed business layout of panel display, high-end equipment manufacturing and„„three drivingcarriage‟‟ of the urbanization project. Each business module cooperated and connected each other to lay a solid foundation for increasing the added value of glass substrate products and enhancing the competitiveness of Dongxu Optoelectronic on the whole.
In terms of glass substrate business, on the one hand, the Company sped up the construction of production line and improved product yield. On the other hand, the Company actively expanded the market and realized that there were no goods remaining basically. In the report period, among 10 sets of G6 flat panel display glass substrate project in Wuhu, 1-4 line went into production and sale; the 5 line was still in the commissioning; 6-10 line was under construction; the power and equipment of the 1-10 line were completed. The overall benefit of the projecthasn‟t come up to the expected level of feasibility research report in the project. With the remaining 6 production lines having been built and put into operation, economies of scale were expected to show and the project was expected to further improve the profits. Hosting companies such as Xufei, Zhengzhou and Xuxin, Shijiazhuang, whose G5 glass substrate produced steadily and sold well, which were also achieved in cover glass of Sichuan Xuhong Company. With the continuous accumulation of the previous construction experience, the company's 10 sets of sixth generation TFT-LCD glass substrate production line whose construction and production continued to accelerate and the proportion of glass substrate products in operation revenue would steadily increase.
On terms of glass substrate equipment and technical services business, the Company adhering to the inherent advantages of the field of equipment manufacturing, keeping researching and making breakthroughs of equipment technology, improving equipment manufacturing capacity. During the reporting period, when the Company was continuing planning the construction of production line, the Company embarked on upgrade service of glass substrate production line of the Company such as Xufei, Zhengzhou and Xuxin, Shijiazhuang at the same time. Meanwhile, the Company actively laid out other high-end display equipment fields and carried out extensive cooperation with the upstream and downstream industry chain, achieving the upgrading of the equipment industry. On terms of urbanization construction business, the Company firmly grasped the opportunities of new urbanization construction, undertook a large number of construction and installation engineering orders, increased the income of the company's construction and installation engineering. Meanwhile, the Company provided the existing industries with supporting services and formed a good supporting role.
On terms of the industrial layout, in the report period, the Company made great progress in two investment fields of sapphire material and graphene. The Company completed the acquisition of Jiangsu Jixing at the beginning of 2015; In early April, Jiangsu Jixing successfully produced 170 kilograms of sapphire crystal with high yields which became Asia's maximum sizes of sapphire crystal; On terms of graphene materials, the Company and Beijing Science and Technology invested Beijing Xutan New Material
Technology Co., Ltd., gradually realizing the technical development and incubation of graphene, promoting the construction of
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 graphene industry. The Company actively put more efforts towards M& A (merger and acquisition) and integration of graphene industry chain related enterprises and made graphene industry bigger and stronger through independent research and industry acquisition to consolidate thecompany’s upstream key material manufacturers in photoelectric display industry.
During the reporting period, the Company issued shares aimed at the specific objects including the controlling shareholder Dong Xu Group, the Yangtze River Xingli2& 3 Oriented Planning , state-controlled KunShan Development Zone and Yingfei, Hailin Venture Capital Management with the ways of non - public offering of stock to buy all equities of Xufei ,Zhengzhou and
Xuxin ,Shijiazhuang and the construction of fifth generation TFT-LCD CF (color Filter)production line items and supplementary liquidity, which was intended to effectively solve the horizontal competition with the controlling shareholder, accelerate the company's flat panel display industry layout, better exert synergistic effects and enhance market competitiveness. At the end of the reporting period, the Company has submitted application materials of the non- public offering of shares to the China Securities Regulatory Commission and finished the reply and disclosure of the feedback.
In the report period, the glass substrate equipment and technology services business were still the main source of revenue. The sales incomes of company's TFT-LCD glass substrate products, glass substrate equipment and technical services business and construction and installation works were respectively RMB285.5793 million, RMB676.39 million and RMB 432.7526 million. The company's operating income, operating costs and the net profit attributable to the parent Company for the report period respectively increased by58.97%,86.11%, and5.51% year on year.
Ⅱ.Main business analysis
Year-on-year changes in major financial statistics
In RMB
||||||
|-|-|-|-|-|
||This report period|Same period last year|YOY change（%）|Cause change|
||1,446,600,260.53|909,974,743.09||Mainly due to LCD glass|
|||||substrate and the period from the|
|Operating income|||58.97%||
|||||construction and installation|
|||||sales revenue increased|
||805,970,226.66|433,071,741.04||Mainly due to operating costs|
|Operating cost|||86.11%|increased caused by the increase|
|||||in current revenue|
||9,884,805.60|4,393,918.77||Mainly due to transport fees,|
|||||hospitality, travel and so on|
|Sale expenses|||124.97%||
|||||increased caused by the increase|
|||||in operating income|
||147,397,071.27|80,606,612.19||Mainly due to employee benefits,|
|||||taxes, depreciation and|
|Administrative expenses|||82.86%|amortization, research fees|
|||||increased caused by Company|
|||||expansion|
||141,331,996.97|23,389,000.06||Mainly due to the increase the|
|Financial expenses|||504.27%||
|||||company's working capital loans|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||
|-|-|-|-|-|
|Net cash flows from|75,073,455.78|-1,491,802,085.05||Mainly due to The recovery of|
||||-105.03%||
|operating activities||||the purchase price increased|
||1,990,631,685.10|1,301,189,610.62||Due to the increased traffic|
|Net cash flows from|||||
||||52.99%|caused by the current financing|
|financing activities|||||
|||||increased|
|Net increase in cash and|1,472,075,160.61|-807,352,755.81||Due to current financing|
||||-282.33%||
|cash equivalents||||increased|

Major changes in profit composition or cources during the report period
□ Applicable√ Not applicable
The profit composition or sources of the Company have remained largely unchanged during the report period.
Delay of future development and plan disclosed inCompany’s IPO prospectus, fund raising prospectus and capital reorganization report into this reportperiod.\
□ Applicable√ Not applicable
No future development and plan disclosed inCompany’s IPO prospectus, fund raising prospectus and capital reorganization report into this reportperiod.\
Implementation of business plans disclosed in previous periods in this period.
Up to the end of the report period, the fund-raising investment project of the company: flat panel display glass substrate production line project of Dongxu Group in Wuhu which covers 10 G6 production lines, has realized the production and sales of Line 1-4, has carried out the debugging of Line 5, has implemented the construction of Line 6-10, and has finished the power and support equipment of Line 1-10. The overall benefit of the project has not achieved the expected level stated in the project feasibility study. As the successive construction and operation of the remaining 6 production lines, the scale benefit is expected to be effective and the project benefit is expected to be enhanced.
Ⅲ. Business composition
In RMB
||||||||
|-|-|-|-|-|-|-|
||||||Increase/decrease||
|||||Increase/decrease||Increase/decrease|
||||||of rincipal||
|||||of reverue in the||of gross profit|
||||Gross profit||business cost over||
||Turnover|Operation cost||same period of||rate over the same|
||||rate(%)||the same period||
|||||the previous||period of the|
||||||of previous year||
|||||year(%)||previous year (%)|
||||||(%)||
|Industry|||||||
|Whole set of|||||||
|equipment and|||||||
||676,389,975.21|236,533,655.08|65.03%|-8.63%|-28.82%|9.92%|
|Technology|||||||
|serves|||||||
|Glass substrate|285,579,284.49|157,896,382.78|44.71%|178.30%|259.93%|-12.54%|
|Construction|432,752,562.93|371,330,857.38|14.19%|723.29%|729.91%|-0.68%|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||
|-|-|-|-|-|-|-|
|Installation|||||||
|Electric vacuum|||||||
|glass devices and|||||||
||2,420,051.28|3,111,356.97|-28.57%|-81.50%|-69.65%|-50.21%|
|supporting|||||||
|electronic device|||||||
|Sapphire material|43,437,667.04|36,770,742.30|15.35%||||
|Total|1,440,579,540.95|805,642,994.51|44.08%|58.55%|86.85%|-8.47%|
|Products|||||||
|Whole set of|||||||
|equipment and|||||||
||676,389,975.21|236,533,655.08|65.03%|-8.63%|-28.82%|-9.92%|
|Technology|||||||
|serves|||||||
|Glass substrate|285,579,284.49|157,896,382.78|44.71%|178.30%|259.93%|12.54%|
|Construction|||||||
||432,752,562.93|371,330,857.38|14.19%|723.29%|729.91%|0.68%|
|Installation|||||||
|Electric vacuum|||||||
|glass devices and|||||||
||2,420,051.28|3,111,356.97|-28.57%|-81.50%|-69.65%|50.21%|
|supporting|||||||
|electronic device|||||||
|Sapphire material|43,437,667.04|36,770,742.30|15.35%||||
|Total|1,440,579,540.95|805,642,994.51|44.08%|58.55%|86.85%|-8.47%|
|Area|||||||
|China mainland|1,410,648,634.87|785,116,416.59|44.34%|58.56%|86.32%|-8.29%|
|Hongkong,|||||||
|Macao and|29,930,906.08|20,526,577.92|31.42%|99.56%|210.79%|-24.55%|
|Taiwan|||||||
|Total|1,440,579,540.95|805,642,994.51|44.08%|58.55%|86.85%|-8.47%|

Ⅳ. Analysis On core Competitiveness
The core competitive-ness of the Company had no changes, The said information can be found in the 2014 Annual Report.
Ⅴ. Analysis on investment Status
1. External Equity investment
（1）External investment
√Applicable□ Not applicable
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|External investment|||
|Investment amount (January-June|Investment Amount (January-June||
|||Change rate（%）|
|2015)(RMB)|2014)(RMB)||
|319,845,300.00|340,453,728.53|-6.05%|
|Particulars of investees|||
|Name|Principal business|Proportion in the investees’ equity（%）|
||Providing trade financing through||
||assignment of receivables; settlement,||
||management and collection of receivables;||
|Zhongda Chengxin International|management of sales account ledger;||
|||24.00%|
|Commerce Co., Ltd.|non-commercial bad debt guarantees||
||related to the company business; customer||
||credit investigation and assessment; and||
||related consultation service.||
||Bring-up, incision, process and sales of||
||sapphire crystal and technology||
||development of related product;||
|Jiangsu Jixing New Material Co., Ltd.||50.50%|
||Self-support and agency for various kinds||
||of merchandises and imports and exports||
||of technology.||
||Technology Development, Technology||
||Transfer, Technology Service; Asset||
|Beijing Xutan New Material Co., Ltd.|Management; Investment Management;|70.00%|
||Investment Consulting; Business||
||Management Consulting;||
||Sales of optoelectronic product and||
|Dongxu（Kunshan）Display Material|||
||optoelectronic devices and other electronic|80.00%|
|Co.,Ltd.|||
||devices||

（2）Holding of the equipty in financial enterprises
□ Applicable√ Not applicable
N/A
（3）Investment in Securities
□Applicable√ Not applicable
N/A
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015（4）Explanation on Holding Equity in Other Listed Companies
□Applicable√ Not applicable
2.Entrusted Financing, Investment in Derivative Products and Entrusted Loan
（1）Entrusted Financing
□Applicable√ Not applicable
N/A
（2）Investment in Derivatives
□Applicable√ Not applicable
N/A
（3）Entrusted loan
□Applicable√ Not applicable
N/A
3.Application of the raised capital
√ Applicable□ Not applicable
（1）General application of the raised funds
√ Applicable□ Not applicable
In RMB
|||
|-|-|
|Total amount of the raised capital|496,106.4|
|Total raised capital invested in the report period|218.91|
|Total accumulative raised capital invested|471,469.5|
|Amount of raised capital of which the purpose was||
||0|
|changed in the report period||
|Accumulative amount of raised capital of which the||
||0|
|purpose has been changed||
|Proportion of raised capital of which the purpose has||
||0.00%|
|been changed (%)||
|Notes to use of raised capital||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015（2）Promised projects of raised capital
√ Applicable□ Not applicable
InRMB‟0000
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||||||||Date||||
||||||Accumul|Investme|||||
||||||||when the||||
|||Total|||ated|nt||||Has any|
||Project||Total|Amount|||project|Benefit|||
|||raised|||amount|progress|||Has the|material|
||changed(i||investme|inested in|||has|realized|||
|Committed investment||capital|||invested|ended the|||predicted|change|
||ncluding||nt after|the|||reached|in the|||
|projects and investment||invested|||at the end|reporting|||result be|taken|
||partial||adjustme|reporting|||the|reporting|||
|||as|||of the|period(%|||realized|place in|
||change)||nt (1)|period|||predicted|period|||
|||commited|||reporting|)(3)=(2)(||||feasibility|
||||||||applicabl||||
||||||period(2)|1)|||||
||||||||e status||||
|Committed investment projects|||||||||||
|Panel display galass|||||||||||
|substrate project of|||||||||||
|Wuhu Dongxu||496,106.4|496,106.4|218.91|471,469.5|95.03%||15,592.01|No|No|
|Optoelectronic|||||||||||
|Technology Co., Ltd.|||||||||||
|Subtotal of promised|||||||||||
||--|496,106.4|496,106.4|218.91|471,469.5|--|--|15,592.01|--|--|
|investment projects|||||||||||
|Investment of excessive raised capital|||||||||||
|Total|--|496,106.4|496,106.4|218.91|471,469.5|--|--|15,592.01|--|--|
|Reason or situation|||||||||||
||Since the project hasn’t fully been operational, Not applicable.||||||||||
|thatnot on schedule|||||||||||
|(on specific project)|||||||||||
|Notes to major|||||||||||
|changesin project|Not applicable||||||||||
|feasibility|||||||||||
|Amount, application|||||||||||
|and application|||||||||||
||Not applicable||||||||||
|progress of the|||||||||||
|unbooked proceeds|||||||||||
|About the change of|||||||||||
|the implementation|||||||||||
|site of the projects|Not applicable||||||||||
|invested with the|||||||||||
|proceeds|||||||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||
|-|-|
|Adjustment of the||
|implementation way of||
||Not applicable|
|investment funded by||
|raised capital||
|About the initial|Applicable|
|investment in the|On April 17, 2013，The 36th Meeting of the sixth Board of Directors of the Company has examinedandapproved the “Proposal on the Replacement of the Self-funancing Funds pre-put into InvestmentProject with the RAISED Funds”, and agreed the company to make arrangement for the funds-raising onthe replacement of the pre-investment based on the plan of non-public issuance of stocks, with thepre-invested self-financing funds of RMB 2,077,426,324.50 replaced by the raised funds.|
|projects planned to be||
|invested with the||
|proceeds and the||
|replacement||
||Applicable|
||On May 29, 2015, the 37th Meeting of the 7th Board of Directors of the company deliberated and approvedProposal of Using Partial Idle Raised Fund to Supplement Circulating Fund, which agreed the company touse the idle raised fund valuing 250 million yuan (taking 5.04% of the actual net raised fund) to temporarilysupplement the circulating fund of the company. Service life lasts for 12 months since the approval date bythe Board of Directors. The company will return to the special account for fund-raising in time when thefund used to supplement the circulation is due.|
|Using the idle||
|proceeds to||
|supplement the||
|working capital on||
|temporary basis||
|Balance of the||
|proceeds in process of||
||Not applicable|
|project implementation||
|and the cause||
||Within the reserved raised fund, 1.1499 million yuan has been deposited and managed in the special|
|About application and||
||account of fund-raising (including the deposit interest income), and additional temporary and|
|status of the proceeds||
||supplementary circulating fund valuing 250 million yuan has been provided.|
|unused||
|Problems existing in||
||The company strictly accordance with "use of funds raised management system" and "raise funds tripartite|
|application of the||
||regulatory agreement" to raise funds and special accounts storage use, and timely, truely, accurately and|
|proceeds and the||
||completely disclosure of the deposit and use of proceeds, there is no violation circumstances.|
|information disclosure||
|or other issues||

（3）Changes of raised funds projects
□Applicable√ Not applicable
There is no change in raised funds in company reporting period.
（4）Fund-raising project
||||
|-|-|-|
|Fund-raising project overview|Disclosure date|Disclosure index|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|||China Securities Journal , Securities|
|See the special report of condition of the|||
|||Times,Hong Kong Commercial|
|company‟s raising funds deposited in use|August 29, 2015||
|||Daily,Shanghai Securities Journal and|
|||www.cninfo.com.cn..www.cninfo.com.cn|

 4. Analysis on principal subsidiaries and Mutual Shareholding Companies
√Applicable□Not applicable
Particulars about the principal subsidiaries and Mutual shareholding companies
In RMB
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||||Leading|||||||
|Company|Company|Sectors||Registered||||Operating||
||||products||Total assets|Net assets|Tumover||Net Profit|
|Name|type|engaged in||capital||||profit||
||||and services|||||||
|Hebei||||||||||
|Xubao||||||||||
|Constructio||Constructio||||||||
|||||100,000,00|137,203,79|123,248,33||-1,880,80||
|n|Subsidiary|n|Engineering||||800,000.00||-1,739,635.60|
|||||0.00|7.65|2.27||8.13||
|Installation||Installation||||||||
|Engineering||||||||||
|Co., Ltd.||||||||||
|Shijiazhuan||||||||||
|g Baoshi||||540,680,00|193,239,23|105,204,13||7,055,617||
||Subsidiary|Production|Color Bulb||||||7,055,617.56|
|Color Bulb||||0.00|7.87|2.99||.56||
|Co., Ltd..||||||||||
|Wuhu||||||||||
||||Whole set|||||||
|Dongxu||||||||||
||||of|||||||
|Optoelectro||||||||||
|||Manufactur|equipment|98,000,000.|3,996,669,7|1,268,450,0|1,139,786,1|477,058,3|486,729,755.|
|nic|Subsidiary|||||||||
|||e|and|00|40.15|82.26|51.86|45.19|01|
|Equipment||||||||||
||||Technology|||||||
|Technology||||||||||
||||serves|||||||
|Co., Ltd||||||||||
|Wuhu||||||||||
|Dongxu||||||||||
|Optoelectro||Manufactur|Glass|2,000,000,0|9,160,976,2|5,217,051,5|287,382,68|92,423,26|155,920,111.|
||Subsidiary|||||||||
|nic||e|substrate|00.00|37.57|30.11|1.21|5.40|95|
|Technology||||||||||
|Co., Ltd.||||||||||
|Wuhan||||||||||
|||Manufactur|Glass|5,000,000.0|14,964,936.|3,348,170.3||-91,064.0||
|Dongxu|Subsidiary||||||||-91,064.08|
|||e|substrate|0|51|1||8||
|Optoelectro||||||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|nic||||||||||
|Technology||||||||||
|Co., Ltd||||||||||
|Sichuan||||||||||
|Ruiyi||||||||||
|||Constructio||||||||
|Constructi||||100,000,00|511,742,55|176,744,12|432,752,56|45,703,70|34,061,101.4|
||Subsidiary|n|Engineering|||||||
|on||||0.00|1.30|7.50|2.93|8.37|7|
|||Installation||||||||
|Engineerin||||||||||
|g Co., Ltd.||||||||||
|Beijing|||Real estate|||||||
|||Real estate||||||||
|Xufeng|||Developm|20,000,000.|880,220,69|19,394,326.||-592,160.||
||Subsidiary|Develop|||||||-592,160.40|
|Real estate|||ent and|00|6.43|43||40||
|||ment||||||||
|Co., Ltd.|||sales|||||||
||||Sales of opt|||||||
|Dongxu|||oelectronic|||||||
|（Kunshan|||devices and|||||||
|||Manufactur||500,000,00|96,796,443.|96,789,091.||-710,908.||
|）Display|Subsidiary||other electr||||||-710,908.68|
|||e||0.00|32|32||68||
|Material|||onic device|||||||
|Co., Ltd.|||s|||||||
|Beijing||||||||||
|Xutan New||Technology||||||||
||||Technology|15,000,000.|14,943,610.|14,943,610.||-56,390.0||
|Material|Subsidiary|and|||||||-56,390.00|
||||and services|00|00|00||0||
|Technology||services||||||||
|Co., Ltd.||||||||||
|Jiangsu||||||||||
|Jixing New||Manufactur|Saphire|392,000,00|570,924,87|368,685,93|43,535,555.|-2,428,62||
||Subsidiary||||||||154,379.23|
|Material||ing|material|0.00|4.05|7.92|93|6.36||
|Co., Ltd.||||||||||

5. Major projects invested by non-raised fund
□Applicable√ Not applicable
The company had no major projects invested by non-raised fund in the reporting period.
VI. Prediction of business performance for January–September 2015.
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
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 VII. Explanation of the Board of Directors and the Supervisor Committee concerning the “Non-standard audit report ” issued by the CPAs firm for the reporting period
□ Applicable√ Not applicable
XIII.Explanation by the Board of Directors about the “ non-standard audit report “ for last year.
□ Applicable√ Not applicable
Ⅸ. Profit distribution carried out in the report period
Execution or adjustment of profit distribution, especially cash dividend, and capitalizing of reserves in the report period.
□ Applicable√ Not applicable
In the report period, the company implemented annual capital reserve plan of the year2014，
The company total share capital of 2,662,080,001 shares on December 31, 2014 as base to undistributed profits to all shareholders for every 10 shares of cash dividends 1.0 yuan (including tax). there was no turning of capital reserve into share capital.
|||
|-|-|
|Special explanation on cash dividend policy||
|Comply with the Articles of Association or resolution made at||
||Yes|
|the General Shareholders' Meeting||
|Clear and definite distribution standard and proportion|Yes|
|Decision-making procedure and mechanism|Yes|
|Independent directors fulfill their duties|Yes|
|Middle and small shareholders express their opinions and||
||Yes|
|daims.There rights are well protected||
|Cash dividend distribution policies are adjusted or revised||
||Yes|
|accoring to law.||

X. Preplan for profit distribution and turning capital reserve into share capital in the reporting period
□ Applicable√ Not applicable
The Company planed that no to distribute cash dividend, bonus shares and there was no turning of capital reserve into share capital. XI. Particulars about researches, visits and interviews received in this reporting period√ Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
||||||Discussion topics and|
|Reception time|Reception place|Way of reception|Types of visitors|Vistors rece3ived||
||||||provision of materials|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||
|-|-|-|-|-|-|
||||||Condition of 8 Billion|
||||||RMB for Directional|
||||||Add-Issuance Project:|
||||||Completion Condition on|
||||||Construction of Ten G6|
|||Onsite|Onsite|Dongxing|Production Lines; The field|
||The meeting Room|||||
|May 29,2015||investigation|investigation|Securities , Zhang|of glass substrate whether|
||of the company|||||
|||||Ji|has developed new clients;|
||||||Production Line|
||||||Introduction of Nominee|
||||||Company; Construction|
||||||Condition of Color Filter|
||||||Production Line|
||||||Client Authentication and|
||||||Shipments Condition of|
||||||Glass Substrate; Time|
|||Onsite|Onsite||Arrangement Condition of|
|||||Shenwan||
||||||Nominee Company|
||The meeting Room|||Hongyuan||
|June 10,2015||investigation|investigation||Immitting; Industrial|
||of the company|||Securities, Wang||
||||||Supporting Condition of|
|||||Jianwei||
||||||Color Filter; Layout Plan of|
||||||G8.5 Production Line;|
||||||Resources Integration Plan|
||||||of Graphite and Graphene|
||||||Nonpublic Progress|
||||||Condition of 8 Billion|
||||By phone|||
|January 1,2015 -||By phone|||RMB of the Company;|
||The Company|||Individual||
|June 30,2015|||||Performance Condition of|
||||||the Company; Operation|
||||||Condition of the Company|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 V. Important Events
I、Administrative position
The Company actively strengthened constitution of the company's internal control system and effective operation, constantly improvedcompany‟s normative operational level, improved the corporate governance structure ,established and improved the internal control system according to "Company Law", "Securities Acts", " Company Internal Control Basic Norms " and its supporting guidelines, " Shenzhen Stock Exchange Listing Rules" and "Shenzhen Stock Exchange Big Companies Standard OperationGuidelines‟‟ and requirements of laws ,regulations and regulatory documents strictly.
In accordance with the normative documents on governance of the listed companies of the China Securities Regulatory Commission, the Company established a complete, independent and normative organization. Company Shareholder Plenary Meeting, Board of Directors, Board of Supervisors and Management each had its place, operated in coordination and counterbalanced effectively. Shareholder Meeting was the company's organ of authority. The Board of Directors was responsible for Shareholder Meeting and the Board of Supervisors was responsible for all shareholders. Independent Directors safeguarded the interests of minority shareholders and Management was responsible for Board of Directors. Company director, supervisors, senior administrative staff management, the holding Company and functional departments performed their duties, adhered to the principles of incompatible duties separating each other, knew their own rights and liabilities clearly and counterbalanced each other.
In accordance with the listing corporation standard governance requirements, the Company established and improved all systems on the basis of„„Company‟sArticles‟‟, including the whole process of operation: financial management, operation management, administrative management etc, which ensured all of works in Company operated well and standardized thecompany‟s operation management. Mainly including: "Shareholders Meeting Rules of Procedure", "Board of Directors Rules of Procedure", "Information Disclosure Working System", "Related Transactions Management System", "Management System for Using Raising Funds", " Setting Committee under Board of Directors under Rules for the Implementation ", "Internal Significant Items Reporting System",„„System of Accountability about Major Error of Annual Report InformationDisclosure‟‟ " Insider Information Insiders Registration Management System ", "External Information Users Management System", etc.
During the reporting period, the Company formulated and revised„„Internal ControlManual‟‟ and its supporting„„Internal Control EvaluationManual‟‟,„„The Risk ManagementSystem‟‟,„„The Internal Control Operation ManagementSystem‟‟ on the basis of the original system, and further supplied and improved the internal control management system. According to the documentation requirements of„„ CompanyLaw‟‟, the China Securities Regulatory Commission„„the Listing Corporation Regulatory Guidelines No.3- the listing Corporation's CashDividends‟‟,„„Notice on Some Issues about further Implementation of the Listing Corporation's CashDividends‟‟ , the Company further refined the terms related to profit distribution policy in the„„ Company'sArticles‟‟, improved the company's profit distribution mechanism ,made„„Shareholder Return Plan of Dongxu Optoelectronic Technology Co., Ltd. in the next three years(2015-2017)‟‟ and further improved the company's profit distribution mechanism.
In summary, there was no difference between the actual situation ofcompany‟s management and the requirements of "Company Law" and the relevant provisions of China Securities Regulatory Commission.
II. Lawsuits affairs
Major lawsuits and Arbitration affairs
□ Applicable√ Not applicable
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 The Company has no major lawsuit or arbitration in the report period.
Other Lawsuits affairs
□ Applicable√ Not applicable
III. Query form media
□ Applicable√ Not applicable
In the reporting year, the Company had no query from media
IV. Bankruptcy or Reorganization Events
□ Applicable√ Not applicable
There Company was not involved in any bankruptcy or reorganization events in the reporting period.
V. Assets transaction
1. Purchase of assets
√Applicable□ Not applicable
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||||||Ratio of|||||
|||||||||Relation|||
|||||||the Net|||||
|||||||||with|||
||||||Influence|Income|||||
|Counter-pa||||||||Counter-pa|||
||Acquired|Transactio||Impact on|on the|Caused by|||||
|rty or|||||||Connected|rty|Date of||
||or|n Price (10|Progress|Company's|Profit and|the Asset||||Disclosure|
|Ultimate|||||||Transactio|（applicab|Disclosure||
||Purchased|thousand|(Note 2)|Business|Loss of the|Contributi||||Index|
|Controllin|||||||n|le to|(Note 5)||
||Assets|yuan)||(Note 3)|Company|ng to the|||||
|g Party||||||||associated|||
||||||(Note 4)|Listed|||||
|||||||||business|||
|||||||Company|||||
|||||||||situation)|||
|||||||in Total|||||
|||||||||||Announce|
|||||||||||ment|
|||||||||||No.:2015-|
||50.5%||||||||||
||||All the|||||||025,|
|Jixing|equities of||||||||||
||||relevant|||||||China|
|New|Jixing||||||||||
||||asset|||||||Securities|
|Material|New||||||||March 4,||
|||16,734.53|property||||No|||Journal,|
|Investment|Material||||||||2015||
||||rights have|||||||Securities|
|(HK) Co.,|Investment||||||||||
||||been|||||||Times,|
|Ltd.|(HK) Co.,||||||||||
||||transfered|||||||Hong|
||Ltd.||||||||||
|||||||||||Kong|
|||||||||||Commerci|
|||||||||||al Daily|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||
|-|
|and|
|www.cninf|
|o.com.cn..|
|www.cninf|
|o.com.cn.|

 2. Sale of assets
□ Applicable√ Not applicable
There is no sale of assets in the Company during the reporting period
3. Business combination
√Applicable□ Not applicable
The 26th meeting of the seventh board of directors considered and adopted the proposal of" Acquisition of Jiangsu Jixing New Material Co., Ltd.Equity," agreed the company to invest RMB 167.3453 million on the acquisition of50.5% Equity in Jiangsu Ji Xing.
The 32nd meeting of the seventh board of directors considered and adopted the proposal of "Beijing Institute of Technology joint ve nture with a subsidiary", agreed the company and the Beijing Institute of Technology set up joint investment holding subsidiary Beiji ng Xutan New Material Technology Co., Ltd. The company invested RMB 10.5 million, accounting for70% of the registered capital.□ Applicable√ Not applicable
There is no Bubiness combination in the Company during the reporting period
VI. Implementation and Influence of Equity Incentive Plan of the Company
□ Applicable√ Not applicable
There is no equity incentive plan and its implementation in the Company during the reporting period.
VII. Material related transactions
1. Related transactions in connection with daily operation
√Applicable□ Not applicable
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||Whether|||||
|||||||||Trading||||||
||||||||||over the|||||
|||||Principl||||limit||||||
||||Subjects|e of|||||approve||Market||Index|
|||||||Amount||approve|||price of||of|
||||of the|pricing|||Ratio in|||||Date of||
|Related|Relation|Type of|||Price of|of trade|||d|Way of|similar||inform|
||||related|the|||similar|||||disclosu||
|parties|ship|trade|||trade|RMB0’||d||payment|trade||ation|
||||transacti|related|||trades|||||re||
|||||||000|||limited||availabl||disclos|
||||ons|transacti||||||||||
|||||||||（RMB|||e||ure|
|||||ons|||||or not|||||
|||||||||’0000）||||||
||||||||||(Y/N)|||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||||
|-|-|-|-|-|-|-|-|-|
||||Online|||||Annou|
|Shijiazh|Controll||||||||
||||thicknes|||||nceme|
|uang|ed by||||||||
|||Sales|s|||||nt|
|Xuxin|the same||||||||
|||Goods/L|measure|||||No.20|
|Optoele|parent||||||March||
|||abor|ment|6,820.08|1,524|Yes||15-031|
|ctronic|compan||||||18, 2015||
|||service|system|||||.|
|Technol|yActual||||||||
|||received|for glass|||||www.c|
|ogy Co.,|Controll||||||||
||||substrat|||||ninfo.c|
|Ltd.|er||||||||
||||e|||||om.cn|
|Zhengzh|Controll||||||||
|ou|ed by||||||||
|||Sales|Sales of||||||
|Xufei|the same||||||||
|||Goods/L|semi-||||||
|Optoele|parent||||||||
|||abor|finish|5.9|0|Yes|||
|ctronic|compan||||||||
|||service|ed||||||
|Technol|yActual||||||||
|||received|paper||||||
|ogy Co.,|Controll||||||||
|Ltd.|er||||||||
|||||||||Annou|
||Controll||||||||
|||||||||nceme|
||ed by||||||||
|||Related||||||nt|
|Xuxin|the same||||||||
|||manag||||||No.20|
|Optoel|parent||Manage||||March||
|||ed||50|100|No||15-031|
|ectroni|compan||d||||18, 2015||
|||/Contra||||||.|
|c|yActual||||||||
|||ct||||||www.c|
||Controll||||||||
|||||||||ninfo.c|
||er||||||||
|||||||||om.cn|
|||||||||Annou|
||Controll||||||||
|||||||||nceme|
||ed by||||||||
|||Related||||||nt|
|Yingkou|the same||||||||
|||manage||||||No.20|
|Optoe|parent||Manage||||March||
|||d||50|100|No||15-031|
|lectro|compan||d||||18, 2015||
|||/Contrac||||||.|
|nic|yActual||||||||
|||t||||||www.c|
||Controll||||||||
|||||||||ninfo.c|
||er||||||||
|||||||||om.cn|
|Sichuan|Controll|||||||Annou|
|||Related|||||||
|Xuho|ed by|||||||nceme|
|||manage|||||||
|ng|the same||Manage||||March|nt|
|||d||50|100|No|||
|Optoe|parent||d||||18, 2015|No.20|
|||/Contrac|||||||
|lectro|compan|||||||15-031|
|||t|||||||
|nic|yActual|||||||.|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||||
|-|-|-|-|-|-|-|-|-|
||Controll|||||||www.c|
||er|||||||ninfo.c|
|||||||||om.cn|
|||||||||Annou|
|Zhengzh|Controll||||||||
|||||||||nceme|
|ou|ed by||||||||
|||Related||||||nt|
|Xufei|the same||||||||
|||manage||||||No.20|
|Optoel|parent||Manage||||March||
|||d||50|100|No||15-031|
|ectroni|compan||d||||18, 2015||
|||/Contrac||||||.|
|c|yActual||||||||
|||t||||||www.c|
|Techno|Controll||||||||
|||||||||ninfo.c|
|logy|er||||||||
|||||||||om.cn|
|||||||||Annou|
||Controll||||||||
|||||||||nceme|
||ed by||||||||
|Chengd||Related||||||nt|
||the same||||||||
|u Taiyisi||manage||||||No.20|
||parent||Manage||||March||
|Technol||d||50|100|No||15-031|
||compan||d||||18, 2015||
|ogy Co.,||/Contrac||||||.|
||yActual||||||||
|Ltd.||t||||||www.c|
||Controll||||||||
|||||||||ninfo.c|
||er||||||||
|||||||||om.cn|
|||||||||Annou|
||Controll||||||||
|||||||||nceme|
||ed by||||||||
|||Related||||||nt|
||the same||||||||
|||manage||||||No.20|
|Baoshi|parent||Manage||||||
|||d||25|50|No||15-031|
|Group|compan||d||||||
|||/Contrac||||||.|
||yActual||||||||
|||t||||||www.c|
||Controll||||||||
|||||||||ninfo.c|
||er||||||||
|||||||||om.cn|
|||||||||Annou|
||Controll||||||||
|||||||||nceme|
||ed by||||||||
|||Related||||||nt|
||the same||||||||
|||manage||||||No.20|
|Dongxu|parent||Manage||||||
|||d||50|100|No||15-031|
|Group|compan||d||||||
|||/Contrac||||||.|
||yActual||||||||
|||t||||||www.c|
||Controll||||||||
|||||||||ninfo.c|
||er||||||||
|||||||||om.cn|
|Dongxu|Controll|Related|Manage|||||Annou|
|||||25|50|No|||
|Optoele|ed by|manage|d|||||nceme|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||||
|-|-|-|-|-|-|-|-|-|
|ctronic|the same|d||||||nt|
|Investm|parent|/Contrac||||||No.20|
|ent|compan|t||||||15-031|
||yActual|||||||.|
||Controll|||||||www.c|
||er|||||||ninfo.c|
|||||||||om.cn|
|Zhengzh|Controll||||||||
|ou|ed by||||||||
|||Sales|||||||
|Xufei|the same||||||||
|||Goods/L|||||||
|Optoele|parent||Sales||||||
|||abor||99.23|0|Yes|||
|ctronic|compan||A-frame||||||
|||service|||||||
|Technol|yActual||||||||
|||received|||||||
|ogy Co.,|Controll||||||||
|Ltd.|er||||||||
|||||||||Annou|
|Shijiazh|Controll||||||||
|||||||||nceme|
|uang|ed by||||||||
|||Sales||||||nt|
|Bofa|the same||||||||
|||Goods/L||||||No.20|
|Mechani|parent||Sales||||March||
|||abor||137.82|1,000|No||15-031|
|cal|compan||A-frame||||18, 2015||
|||service||||||.|
|Equipm|yActual||||||||
|||received||||||www.c|
|ent Co.,|Controll||||||||
|||||||||ninfo.c|
|Ltd.|er||||||||
|||||||||om.cn|
|Shijiazh|Controll||||||||
|uang|ed by|Purchas|||||||
|Bofa|the same|e|||||||
|Mechani|parent|Goods/L|Process||||||
|||||83.44|0|Yes|||
|cal|compan|abor|cost||||||
|Equipm|yActual|service|||||||
|ent Co.,|Controll|received|||||||
|Ltd.|er||||||||
|||||||||Annou|
|||||||||nceme|
||Controll|Sales||||||nt|
||ing|Goods/L||||||No.20|
|Dongxu|||||||March||
||sharehol|abor|NEL|8,211.54|17,000|No||15-031|
|Group|||||||18,||
||der|service||||||.|
|||received||||||www.c|
|||||||||ninfo.c|
|||||||||om.cn|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||||
|-|-|-|-|-|-|-|-|-|
|Shijiazh|||||||||
||Controll||Glass||||||
|uang|||||||||
||ed by||substra||||||
|Bofa||Sales|||||||
||the same||te||||||
|Mechani||Goods/L|||||||
||parent||defect||||||
|cal||abor||3,641.21|0|Yes|||
||compan||detecti||||||
|Equipm||service|||||||
||yActual||on||||||
|ent Co.,||received|||||||
||Controll||equipm||||||
|Ltd.|||||||||
||er||ent||||||
||||The||||||
||||Technic||||||
|Zhengzh|Controll||al||||||
|ou|ed by||service||||||
|||Sales|||||||
|Xufei|the same||Contract||||||
|||Goods/L|||||||
|Optoele|parent||of the||||||
|||abor||111.32|0|Yes|||
|ctronic|compan||tangent||||||
|||service|||||||
|Technol|yActual||line of||||||
|||received|||||||
|ogy Co.,|Controll||Xufei||||||
|Ltd.|er||flying||||||
||||Producti||||||
||||on line||||||
|||||||||Annou|
|Sichuan|Controll||||||||
|||||||||nceme|
|Xuhon|ed by||||||||
|||Sales|Xuhong|||||nt|
|g|the same||||||||
|||Goods/L|Technol|||||No.20|
|Optoel|parent|||14,294.8|||March||
|||abor|ogy||15,000|No||15-031|
|ectroni|compan|||1|||18, 2015||
|||service|upgradi|||||.|
|c|yActual||||||||
|||received|ng|||||www.c|
|Techno|Controll||||||||
|||||||||ninfo.c|
|logy|er||||||||
|||||||||om.cn|
|||||||||Annou|
|Zhengzh|Controll||||||||
|||||||||nceme|
|ou|ed by||||||||
|||Sales||||||nt|
|Xufei|the same||||||||
|||Goods/L|Xufei|||||No.20|
|Optoele|parent||||||March||
|||abor|Kiln|757.31|790|No||15-031|
|ctronic|compan||||||18, 2015||
|||service|upgrade|||||.|
|Technol|yActual||||||||
|||received||||||www.c|
|ogy Co.,|Controll||||||||
|||||||||ninfo.c|
|Ltd.|er||||||||
|||||||||om.cn|
|Zhengzh|Controll|Sales|Xufei 5||||||
|||||1,984.91|0|Yes|||
|ou|ed by|Goods/L|line||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Xufei|the same|abor|techn||||||||||
|Optoele|parent|service|ology||||||||||
|ctronic|compan|received|upgra||||||||||
|Technol|yActual||ding||||||||||
|ogy Co.,|Controll||||||||||||
|Ltd.|er||||||||||||
|Shijiazh|Controll||||||||||||
|uang|ed by||||||||||||
|||Sales|||||||||||
|Xuxin|the same||||||||||||
|||Goods/L|||||||||||
|Optoele|parent||Sales||||||||||
|||abor||||8.69||0|Yes||||
|ctronic|compan||material||||||||||
|||service|||||||||||
|Technol|yActual||||||||||||
|||received|||||||||||
|ogy Co.,|Controll||||||||||||
|Ltd.|er||||||||||||
|Jinzhou|Controll||||||||||||
|Xulong|ed by||||||||||||
|||Sales|||||||||||
|Solar|the same||||||||||||
|||Goods/L|||||||||||
|energy|parent||Sales||||||||||
|||abor||||22.31||0|Yes||||
|Techno|compan||material||||||||||
|||service|||||||||||
|logy|yActual||||||||||||
|||received|||||||||||
|Co.,|Controll||||||||||||
|Ltd.|er||||||||||||
|||||||||||||Annou|
|Chengd|Controll||||||||||||
|||||||||||||nceme|
|uDongx|ed by|Purchas|||||||||||
|||||||||||||nt|
|u|the same|e|Purchas||||||||||
|||||||||||||No.20|
|Energy|parent|Goods/L|Efficient||||||||March||
|||||||1.54||10|No|||15-031|
|Saving|compan|abor|lightbul||||||||18, 2015||
|||||||||||||.|
|Technol|yActual|service|b||||||||||
|||||||||||||www.c|
|ogy Co.,|Controll|received|||||||||||
|||||||||||||ninfo.c|
|Ltd.|er||||||||||||
|||||||||||||om.cn|
||Controll|||||||||||Annou|
||ed by|Purchas||||||||||nceme|
||the same|e||||||||||nt|
|Baoshi|parent|Goods/L|||||||||March|No.:20|
||||Energy|||47.19||300|No||||
|Group|compan|abor|||||||||18, 2015|15-031|
||yActual|service||||||||||www.c|
||Controll|received||||||||||ninfo.c|
||er|||||||||||om.cn|
|Total||||--|--|36,577.3|--|36,374||--|--|--|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 2. Related-party transactions arising from asset acquisition or sale
□ Applicable√ Not applicable
The Company was not involved in any related-party transactions arising from asset acquisition or sale during the reporting period. 3. Related-party transitions with joint investments
√ Applicable□ Not applicable
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||Main|Registered|Total assets|Net assets of|Net profit of|
|||Pricing|Name of||||||
|Joint investor|Relationship|||business of|capital of|of investee|investee|investee|
|||principle|investee||||||
|||||investee|investee|(RMB‟0000)|(RMB‟0000)|(RMB‟0000)|
|||||Providing|||||
|||||trade|||||
|||||financing|||||
|||||through|||||
|||||assignment of|||||
|||||receivables;|||||
|||||settlement,|||||
|||||management|||||
|||||and|||||
|||||collection of|||||
|||||receivables;|||||
|||||management|||||
||||Zhongda|of sales|||||
||||Chengxin|account|||||
|Dongxu|Controlling||||RMB 300||||
|||Agreement|International|ledger;||30,003.3|29,988.3|-11.69|
|Group|Shareholder||||million||||
||||Commerce|non-commerc|||||
||||Co., Ltd.|ial bad debt|||||
|||||guarantees|||||
|||||related to the|||||
|||||company|||||
|||||business;|||||
|||||customer|||||
|||||credit|||||
|||||investigation|||||
|||||and|||||
|||||assessment;|||||
|||||and related|||||
|||||consultation|||||
|||||service.|||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 4. Credits and liabilities with related parties
√Applicable□Not applicable
Was there any non-operating credit or liability with any related party?
□Yes√ No
There is no any credit and liability with related parties of the Company of the reporting period.
5. Other significant related-party transactions
□ Applicable√ Not applicable
The Company was not Other significant related-party transactions during the reporting period.
VIII. 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..
IX. Particulars about significant contracts and their fulfillment
1. Particulars about trusteeship, contract and lease
(1) Trusteeship
√Applicable□Not applicable
Description of custodies
During the reporting period, the Company continued entrusted with the management of Dongxu( Yingkou) Optoelectronic Display Co., Ltd., Sichuan Xuhong Optoelectronic Technology Co., Ltd., Dongxu Optoelectronic Investment Co., Ltd., holding Zhengzhou Xufei Optoelectrionic Technology Co., Ltd., Shijiazhuang Baoshi Electrinic Group Co., Ltd., Shijiazhuang Xuxin Optoelectronic Technology Co.,Ltd. and Chengdu Taiyisi Technology Co., Ltd.
Principal Equity Management fees paid by the company was annual RMB 500,000 each item; annual management fee was 1 million yuan each item+ incentive management fees.
Projects that have brought about gains/losses to the company taking over10% of theCompany’s total profit in the reporting period. Before June 30, 2015, through the change of industrial and commercial registration, Chengdu Taiyisi Technology Co., Ltd. canceled the business ofR&D, manufacture and sales of LCD glass substrate. After the change of industrial and commercial registration, competition in the same business with the company did not exist any more and the company would terminate the signed Entrusted Management Agreement.
Projects that have brought about gains/losses to the company taking over10% of theCompany’s total profit in the reporting period.□Applicable√ Not applicable
N/A
(2) Contract
□ Applicable√ Not applicable
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 There was no any contract of the Company in the reporting period.
(3) Lease
□ Applicable√ Not applicable
There was not involved in ant lease of the Company in the reporting period.
2.Guarantees
√Applicable□ Not applicable
InRMB’0000
||||||||||
|-|-|-|-|-|-|-|-|-|
|External Guarantee (Exclude controlled subsidiaries)|||||||||
|||||||||Guarante|
||Relevant|||||||e|
||||Date of||||||
||disclosure||||||Complete|for|
||||happening|Actual|||||
|Name of the|date/No. of|Amount of|||Guarantee|Guarantee|implemen|associate|
||||(Date of|mount of|||||
|Company|the|Guarantee|||type|term|tation|d|
||||signing|guarantee|||||
||guaranteed||||||or not|parties|
||||agreement)||||||
||amount|||||||(Yes or|
|||||||||no)|
|Guarantee of the Company for the controlling subsidiaries|||||||||
|||||||||Guarante|
||Relevant|||||||e|
||||Date of||||Complete||
||disclosure|||||||for|
|Name of the||Amount|happening|Actual|||implemen||
||date/No. of||||Guarantee|Guarantee||associate|
|Company||of|(Date o|mount of|||tation||
||the||||type|term||d|
|guaranteed||guarantee|signing|guarantee|||or||
||guaranteed|||||||parties|
||||agreement)||||not||
||amount|||||||(Yes or|
|||||||||no)|
|Wuhu Dongxu|||||||||
|Optoelectronic|||||The joint||||
||May||||||||
|Equipment||5,000|||liability||No|No|
||16,2015||||||||
|Technology Co.,|||||guaranty||||
|Ltd.|||||||||
|Wuhu Dongxu|||||||||
||||||The joint||||
|Optoelectronic|Nay||||||||
|||15,000|||liability||No|No|
|Technology Co.,|16,2015||||||||
||||||guaranty||||
|Ltd.|||||||||
|Jiangsu Jixing|||||The joint||||
||May 16,||||||||
|NewMaterial Co.,||8,000|||liability||No|No|
||2015||||||||
|Ltd.|||||guaranty||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||||
|-|-|-|-|-|-|-|-|-|
|Total of guarantee for||||Total of actual guarantee|||||
|subsidiaries||28,000||for subsidiaries in the||20,000|||
|approved in the Period (B1)||||Period (B2)|||||
|Total of guarantee for||||Total of actual guarantee|||||
|subsidiaries||398,000||for subsidiaries at||290,000|||
|approved at Period-end (B3)||||Period-end (B4)|||||
|Guarantee of the subsidiaries for the controlling subsidiaries|||||||||
|||||||||Guarante|
||Relevant|||||||e|
||||Date of||||Complete||
||disclosure|||||||for|
|Name of the||Amount|happening|Actual|||implemen||
||date/No. of||||Guarantee|Guarantee||associate|
|Company||of|(Date o|mount of|||tation||
||the||||type|term||d|
|guaranteed||guarantee|signing|guarantee|||or||
||guaranteed|||||||parties|
||||agreement)||||not||
||amount|||||||(Yes or|
|||||||||no)|
|Total of Company’s guarantee（namely total of the large three aforementioned）|||||||||
|Total of guarantee in the Period||||Total of actual guarantee in|||||
|||28,000||||20,000|||
|（A1+B1+C1）||||the Period（A2+B2+C2）|||||
|||||Total of actual guarantee at|||||
|Total of guarantee at Period-end|||||||||
|||398,000||Period-end||290,000|||
|（A3+B3+C3）|||||||||
|||||（A4+B4+C4）|||||
|The proportion of the total amount of actually guarantee in|||||||||
|||||43.89%|||||
|thenet 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||||55,000|||||
|70% directly or 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|||||||||
|||||55,000|||||
|（D+E+F）|||||||||

Description of the guarantee with complex method
（1）Guarantees provided by the company
□ Applicable√ Not applicable
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 There was not involved in any Guarantees provided by the company in the reporting period.
3. Other significant contracts
□ Applicable√ Not applicable
There was no other significant contract of the Company in the reporting period.
4. Other significant transactions
□ Applicable√ Not applicable
X. Commitments made by the Company or shareholders holding over5% of theCompany’s shares in the reporting period or such commitments carried down into the reporting period√Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
||||Time of|||
||Commitment|||Peiod of||
|Commitment||Contents|making||Fulfillment|
||maker|||commitment||
||||commitment|||
|||If listed companies plans to sell tradable stocks||||
|||through the bid trading system of Shenzhen Stock||||
|||Exchange and sell greater than 5% of shares within||||
||Shijiazhuang|||||
|||six months after the first sales, will disclose the||||
|Commitment on|Baoshi||March 29,|Long-term|Under|
|||contents specified by the Form Guide to Prompt||||
|share reform|Electronics||2007|effective|Fulfillment|
|||Announcement of Removing Restriction on Sales of||||
||Group Co., Ltd|||||
|||Non-tradable Stocks of Listed Companies through the||||
|||prompt announcement of disclosing sales of listed||||
|||companies.||||
|Commitment in||||||
|the acquisition||||||
|report or the||||||
|report on equity||||||
|changes||||||
|Commitment||||||
|made upon the||||||
|assets replacement||||||
|||Dongxu Group Co., Ltd. subscribed for 25.01% of the||||
|Commitments||shares privately issued by the Company and promised|April 17,|April 18,|Under|
||Dongxu Group|||||
|made upon||that the period of sale restriction of such shares was|2013|2016|Fulfillment|
|issuance||36 months from the first day of listing.||||
||Dongxu|In view of: Dongxu Optoelectronic Technology Co.,|February|2020-12-31|Under|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||
|-|-|-|-|-|
|Optoelectronic|Ltd. is applying for public offering of corporate|10,2015||Fulfillment|
|Technology Co.,|b onds, and the total scale of bonds will not exceed 1||||
|Ltd.|billion yuan. After the deduction of issue expenses, all||||
||the funds raised are planed to be used to supplement||||
||the liquidity and support the R&D, production and||||
||material purchase of glass substrate and the||||
||equipment. Thus, the demands of business operation||||
||and expansion in the company will be satisfied. The||||
||company promises: 1. The funds raised through the||||
||public offering of corporate bonds will not be directly||||
||or indirectly invested in real estate development||||
||business, or used to increase the capital fund or as||||
||loans in subsidiaries engaged in real estate business;||||
||2. the funds raised through the public offering of||||
||corporate bonds will not be used for real estate||||
||development business in any form. The term of||||
||validity of the promises is consistent with the duration||||
||of the corporate bonds issued in the company this||||
||time.||||
||1.From the date of commitment letter issued, except||||
||the managed hosting company for Dongxue||||
||Optoelectronic , this company and majority-owned||||
||subsidiaries do not in any way, directly or indirectly||||
||engaged in business and Dongxue Optoelectronic and||||
||its subsidiaries are the same, or similar, future||||
||Dongxue Optoelectronic shares and its subsidiaries||||
||are not engaged in the same or similar businesses.||||
||2.The company assurances against the use of precious||||
|Dongxu Group,|stones share any act prejudicial to the control||||
|Shijiazhuang|relationship of Dongxu Optoelectronic interests and||||
|||December|Long-term|Under|
|Baoshi|its wholly-owned subsidiaries, holding, or causing||||
|||22, 2011|effective|Fulfillment|
|Electronics|Dongxue Optoelectronic shares and its wholly-owned||||
|Group Co., Ltd.|subsidiaries, holding form business competition||||
||decisions. 3. The company will not directly invest,||||
||purchase and Dongxu Optoelectronic identical or||||
||similar business enterprises and projects.||||
||4.If the assets owned by the Dongxu Optoelectronic .||||
||compete with , the company will adopt effective||||
||measures and give up the same business. 5. If the||||
||company has horizontal competition with Dongxu||||
||Optoelectronic and lead to lose to it, the company will||||
||bear all the responsibilities.||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||
|-|-|-|-|-|
||6. Before December 31, 2015, by way of designated||||
||placement, the company will transfer all the shares||||
||that Dongxu Optoelectronic Investment, entrusted to||||
||Zhengzhou Xufei company and all the shares that are||||
||entrusted to Baoshi Group, to Dongxu||||
||Optoelectronics; Before December 31, 2016, by way||||
||of designated placement, the company will transfer all||||
||the shares that Dongxu Group entrusted to Dongxu||||
||Yingkou and Sichuan Xuhong to Dongxu||||
||Optoelectronics. Within the time limit mentioned||||
||above, if there were the external factors such as a||||
||depression of industry as a whole, or the changes in||||
||regulatory requirements, which lead to the result that||||
||the shares of hosting company can not meet the||||
||requirements of capital investment, Li Zhaoting, the||||
||actual controller, Dongxu Optoelectronic Investment ,||||
||Dongxu Group and Baoshi Group as well as the||||
||company will actively negotiate with related parties,||||
||continue to entrust the above mentioned shares and||||
||the power of management to Dongxu||||
||Optoelectronics. Within the period when the company||||
||is still the controlling shareholder of Dongxu||||
||Optoelectronics, the commitments are in effect.||||
||In view of:||||
||(1) The main business of Dongxu Optoelectronic is||||
||the production of TFT-LCD glass substrate, and the||||
||company now is applying for non-public offering of||||
||stock; (2) Dongxu Group is the controlling||||
||shareholder of Dongxu Optoelectronic; and during the||||
||period of holding, Dongxu Group has signed patent||||
||license contracts separately with Dongxu||||
||Optoelectronic and its subsidiaries including Wuhu||||
|||June 17,|Long-term|Under|
|Dongxu Group|Dongxu Optoelectronic Science and Technology Co.,||||
|||2015|effective|Fulfillment|
||Ltd. (hereinafter referred to as Wuhu Optoelectronic),||||
||Wuhu Dongxu Optoelectronic Equipment Technology||||
||Co., Ltd. (hereinafter referred to as Wuhu Equipment)||||
||and Shijiazhuang Dongxu Optoelectronic Equipment||||
||Technology Co., Ltd. (hereinafter referred to as||||
||Shijiazhuang Equipment). For this purpose, Dongxu||||
||Group has made following promises: within the term||||
||of validity involving patent right stated in patent||||
||license contracts, whether Dongxu Optoelectronic is||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|||in the control of Dongxu Group or not, Dongxu|
|||Group promises that when the above mentioned|
|||patent license contracts expire, the group will|
|||unconditionally renew the contracts with Dongxu|
|||Optoelectronic and its subsidiaries (Wuhu|
|||Optoelectronic, Wuhu Equipment, Shijiazhuang|
|||Equipment and etc) according to the terms of original|
|||contracts based on the requirements of Dongxu|
|||Optoelectronic.|
|Other|||
|commitments|||
|made to minority|||
|shareholders|||
|Executed timely|||
||Yes||
|or not?|||

XI. Particulars about engagement and disengagement of CPAs firm
Whether the semi-annual financial report had been audited?
□ Yes√ No
The semi-annual financial report has not been audited.
XII. Punishment and Rectification
□ Applicable√ Not applicable
There was no any punishment and rectification of the Company in the reporting period.
XIII. Reveal of the delisting risks of illegal or violation
□ Applicable√ Not applicable
There was no any delisting risk of illegal or violation of the Company in the reporting period.
XIV. Explanation about other significant matters
□ Applicable√ Not applicable
There was no any other significant matters of the Company in the reporting period.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 VI. Change of share capital and shareholding of Principal
Shareholders
Ⅰ.Changes in share capital
In Shares
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||Before the change||Increase/decrease（+，-）|||||After the Change||
||Amount|Proportion|||Capitalizat|||||
||||Share|Bonus|ion of||||Proportio|
||||||common|Other|Subtotal|Quantity||
||||allotment|shares|||||n|
||||||reserve|||||
||||||fund|||||
|1.Shares with conditional|393,410,8|||||||393,410,8||
|||14.78%|||||||14.78%|
|subscription|79|||||||79||
||393,410,8|||||||393,410,8||
|3.Other domestic shares||14.78%|||||||14.78%|
||79|||||||79||
|Incl：Domestic legal|390,309,0|||||||390,309,0||
|||14.66%|||||||14.66%|
|person shares|00|||||||00||
|Domestic Natural Person||||||||||
||3,101,879|0.12%||||||3,101,879|0.12%|
|shares||||||||||
|II.Shares with|2,268,669,|||||||2,268,669||
|||85.22%|||||||85.22%|
|unconditional subscription|122|||||||,122||
||2,018,669,|||||||2,018,669||
|1.Common shares in RMB||75.83%|||||||75.83%|
||121|||||||,121||
|2.Foreign shares in|250,000,0|||||||250,000,0||
|||9.39%|||||||9.39%|
|domestic market|01|||||||01||
||2,662,080,|||||||2,662,080||
|III. Total of capital shares||100.00%|||||||100.00%|
||001|||||||,001||

Reasons for share changed:
□ Applicable√ Not applicable
Approval of Change of Shares
□ Applicable√ Not applicable
Ownership transfer of share changes
□ 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
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015□ Applicable√ Not applicable
Other information necessary to disclose for the company or need to disclosed under requirement from security regulators
□ Applicable√ Not applicable
Explanation on changes in aspect of total shares, shareholders structures as well as structure of assets and liability of the Company□ Applicable√ Not applicable
II. Number of shares and shares held
In shares
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||||||Total number of preferred|||||
|||229,142(including 211,244|||||||||
|Total number of common||||||shareholders that had restored|||||
|||shareholders holding A shares|||||||||
|shareholders at the end of the||||||the|||0||
|||and 17,898shareholders holding|||||||||
|reporting period||||||voting right at the end of the|||||
|||B shares)|||||||||
|||||||reporting period (if any) (note 8)|||||
|Particulars about shares held above 5% by shareholders or top ten shareholders|||||||||||
|||||Number|||Amount||Number os share pledged/frozen||
|||||||||Amount of|||
||||Proportion|of shares|Changes in||of||||
||Nuture of|||||||un-restricte|||
|Shareholders|||of shares|held at|reporting||restricted||||
||shareholder|||||||d shares|State of share|Amount|
||||held（%）|period|period||shares||||
|||||||||held|||
|||||-end|||held||||
|Dongxu Group|Domestic Non-State-owned legalperson||14.65%|390,093,000|||390,093,000||||
||||||||||Pledge|331,663,000|
|ShijiazhuangBaoshiElectronicGroup Co., Ltd.|Domestic Non-State-owned legalperson||12.49%|332,380,950||||332,380,950|||
||||||||||Pledge|327,590,148|
|Jin Huiming|Domestic Natureperson||0.33%|8,896,400||||8,896,400|||
|ChinaMerchantsSecurities (HK)Co., Ltd.|State-owned legalperson||0.29%|7,657,180||||7,657,180|||
|BeijingZhongdianGuohuaIndustry &Trade Co., Ltd|Domestic Non-State-owned legalperson||0.21%|5,600,000||||5,600,000|||
|Wu Yizhong|State-owned legal||0.20%|5,268,100||||5,268,100|||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||||
|-|-|-|-|-|-|-|-|
||person|||||||
|Zhang Xing|State-owned legalperson|0.18%|4,709,344|||4,709,344||
|ShanghaiWanguo(HK)Securities|Overseas legalperson|0.17%|4,500,690|||4,500,690||
|First ShanghaiSecurities|Overseas legalperson|0.16%|4,279,739|||4,279,739||
|Bank of China－Castrol CSI300 exchangetraded indexsecuritiesinvestmentFund|Other|0.16%|4,147,741|||4,147,741||
|Strategy investors or general legal||||||||
|person becomes top 10 shareholders||||||||
|||N/A||||||
|due to rights issued (if applicable)||||||||
|（See Notes 3）||||||||
|||Among the top ten shareholders , Dongxu Group and Baoshi Group have relationship and||||||
|Notes to the related relationship||||||||
|||constitute persons taking concerted action. The company does not know whether there is||||||
|between the top ten shareholders or||||||||
|||relationship between other 8 shareholders or whether they are persons taking concerted action||||||
|their 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|||Share type|||
|Name of the shareholder||||||||
|||the end of the reporting period (Note 4)|||Share type||Quantity|
|Shijiazhuang Baoshi ElectronicGroup Co., Ltd.||332,380,950||||||
|||||RMB Common shares|||332,380,950|
|Jin Huiming||8,896,400||RMB Common shares|||8,896,400|
|China Merchants Securities (HK)Co., Ltd.||7,657,180||||||
|||||Foreign shares placed in domestic exchange|||7,657,180|
|Beijing Zhongdian Guohua Industry& Trade Co., Ltd||5,600,000||||||
|||||RMB Common shares|||5,600,000|
|Wu Yizhong||5,268,100||RMB Common shares|||5,268,100|
|Zhang Xing||4,709,344||RMB Common shares|||4,709,344|
|Shanghai Wanguo (HK)Securities||4,500,690||Foreign shares placed in domestic exchange|||4,500,690|
|First Shanghai Securities||4,279,739||Foreign shares placed in domestic exchange|||4,279,739|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||
|-|-|-|-|
|Bank of China－Castrol CSI 300exchange traded index securitiesinvestment Fund|4,147,741|||
|||RMB Common shares|4,147,741|
|Wei Jie|4,050,000|RMB Common shares|4,050,000|
|Explanation on associated||||
|relationship or consistent action|Among the top ten shareholders holding non-restricted negotiable shares, Dongxu Group and|||
|among the top 10 shareholders of|Baoshi Group have relationship and constitute persons taking concerted action. The Company|||
|non-restricted negotiable shares and|does not know whether there is relationship between the other top 10 shareholders holding|||
|that between the top 10 shareholders|non-restricted negotiable shares and between such shareholders|||
|of non-restricted negotiable shares|and the other top 10 shareholders.|||
|and top 10 shareholders||||
|Explanation on shareholders|The natural persons in the top ten common stockholders Jin Huiming, Wu Yizhong and Zhang|||
|participating in the margin trading|Xing host 8,896,400 shares, 5,268,100 shares and 4,709,344 shares separately through margin|||
|business(if any )(See Notes 4)|trading, taking 0.33%, 0.20% and 0.18% of the total shares in the company.|||

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period.
□ Yes√ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy–back agreement dealing in reporting period.
III. 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.
IV. Share holding increasing plan proposed or implemented in reporting period from shareholder of the Company and its concerted action person
□ Applicable√ Not applicable
As far as the Company know, there are no share holding increasing plan proposed or implemented in Period from shareholder of the Company and its concerted action person.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 VII. Situation of the Preferred Shares
□Applicable√Not applicable
The Company had no preferred shares in the reporting period
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 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 2014 Annual Report.
II. Changes in directors, supervisors and senior management staffs
√ Applicable□ Not applicable
||||||
|-|-|-|-|-|
|Name|Title|Type|Date|Reason|
|Gong Xin|Board secretary|Hired|April 20, 2015|Hired|
|Gong Xin|Director|Elected|June 1, 2015|Hired|
||Deputy General||||
|Xiao Zhaoxiong||Hired|May 15, 2015|Hired|
||Manger||||
||Director, Board||||
|Fu Yinfang||Left|April 20,2015|For the change of work|
||secretary||||
||Deputy General||||
|Hou Jianwei||Left|May 15,2015|For the change of work|
||Manager||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 IX. 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: Dongxu Optoelectronic Technology Co., Ltd.
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Current asset：|||
|Monetary fund|4,854,528,739.02|3,196,271,083.93|
|Settlement provision|||
|Outgoing call loan|||
|Financial assets measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial assets|||
|Bill receivable|105,454,469.75|449,510,678.50|
|Account receivable|1,118,392,689.73|638,809,800.10|
|Prepayments|2,282,576,812.16|2,749,454,904.89|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts|||
|receivable|||
|Interest receivable|||
|Dividend receivable|||
|Other account receivable|69,733,369.82|43,302,115.88|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Repurchasing of financial assets|||
|Inventories|1,268,638,087.33|512,854,086.79|
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|597,235,123.60|510,571,217.34|
|Total of current assets|10,296,559,291.41|8,100,773,887.43|
|Non-current assets：|||
|Loans and payment on other’s behalf|||
|disbursed|||
|Disposable financial asset|||
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|71,971,922.26||
|Property investment|||
|Fixed assets|2,729,443,492.28|1,958,761,855.66|
|Construction in progress|2,132,120,799.89|2,045,729,633.22|
|Engineering material|128,296,951.13|22,095,086.42|
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|282,990,656.84|220,645,757.06|
|R & D petrol|23,976,167.26||
|Goodwill|||
|Long-germ expenses to be amortized|14,907,518.84|14,106,796.67|
|Differed income tax asset|153,507,221.55|106,050,283.31|
|Other non-current asset|||
|Total of non-current assets|5,537,214,730.05|4,367,389,412.34|
|Total of assets|15,833,774,021.46|12,468,163,299.77|
|Current liabilities|||
|Short-term loans|2,636,252,500.00|1,288,900,000.00|
|Loan from Central Bank|||
|Deposit received and hold for others|||
|Call loan received|||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Financial liabilities measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial liabilities|||
|Bill payable|334,000,000.00|280,000,000.00|
|Account payable|327,140,419.54|232,393,429.70|
|Advance payment|78,349,979.51|22,382,273.47|
|Selling of repurchased financial assets|||
|Fees and commissions receivable|||
|Employees’ wage payable|30,839,991.04|23,745,764.49|
|Tax payable|168,491,331.87|108,920,459.16|
|Interest payable|6,666,666.67||
|Dividend payable||30,000,000.00|
|Other account payable|76,205,360.95|69,267,124.39|
|Reinsurance fee payable|||
|Insurance contract provision|||
|Entrusted trading of securities|||
|Entrusted selling of securities|||
|Liabilities held for sales|||
|Non-current liability due in 1 year|416,000,000.00|268,000,000.00|
|Other current liability|63,687,933.33|63,687,933.33|
|Total of current liability|4,137,634,182.91|2,387,296,984.54|
|Non-current liabilities：|||
|Long-term loan|3,804,000,000.00|3,572,000,000.00|
|Bond payable|987,254,616.00||
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|||
|Long-term payable employees’s|||
|remuneration|||
|Special payable|||
|Expected liabilities|||
|Differed income|31,815,144.47|33,064,111.11|
|Differed income tax liability|||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Other non-current liabilities|||
|Total non-current liabilities|4,823,069,760.47|3,605,064,111.11|
|Total of liability|8,960,703,943.38|5,992,361,095.65|
|Owners’ equity|||
|Share capital|2,662,080,001.00|2,662,080,001.00|
|Other equity instruments|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|2,923,431,483.54|2,919,966,918.24|
|Less：Shares in stock|||
|Other comprehensive income|||
|Special reserves|||
|Surplus reserves|66,158,108.81|66,158,108.81|
|Common risk provision|||
|Undistributed profit|955,497,212.82|788,527,477.96|
|Total of owner’s equity belong to the|||
||6,607,166,806.17|6,436,732,506.01|
|parent company|||
|Minority shareholders’ equity|265,903,271.91|39,069,698.11|
|Total of owners’ equity|6,873,070,078.08|6,475,802,204.12|
|Total of liabilities and owners’ equity|15,833,774,021.46|12,468,163,299.77|

 2. Balance sheet of the Parent Company
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Current asset：|||
|Monetary fund|3,196,765,665.86|1,736,774,243.99|
|Financial assets measured at fair value|||
|with variations accounted into current|||
|income account|||
|Derivative financial assets|||
|Bill receivable|319,241.25|100,000.00|
|Account receivable|16,504,868.62|12,495,493.29|
|Prepayments|94,848,816.24|863,556,776.13|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Interest receivable|||
|Dividend receivable||323,000,000.00|
|Other account receivable|1,085,755,975.75|316,867,754.88|
|Inventories|20,300,329.85|18,563,041.11|
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|247,165.08|19,211.84|
|Total of current assets|4,414,742,062.65|3,271,376,521.24|
|Non-current assets：|||
|Disposable financial asset|||
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|5,416,729,257.75|5,096,912,035.49|
|Property investment|||
|Fixed assets|52,927,420.31|55,683,240.25|
|Construction in progress|||
|Engineering material|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|10,358,832.93|10,521,614.79|
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be amortized|||
|Differed income tax asset|23,353,557.31|9,097,970.44|
|Other non-current asset|||
|Total of non-current assets|5,503,369,068.30|5,172,214,860.97|
|Total of assets|9,918,111,130.95|8,443,591,382.21|
|Current liabilities|||
|Short-term loans|1,780,000,000.00|900,000,000.00|
|Financial liabilities measured at fair|||
|value with variations accounted into|||
|current income account|||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Derivative financial liabilities|||
|Bill payable|||
|Account payable|23,715,842.47|19,083,770.39|
|Advance payment|34,747.90|20,937.90|
|Employees’ wage payable|3,628,450.90|5,250,269.40|
|Tax payable|9,473,368.02|1,986,624.99|
|Interest payable|6,666,666.67||
|Dividend payable|||
|Other account payable|773,557,152.65|1,253,172,816.58|
|Liabilities held for sales|||
|Non-current liability due in 1 year|||
|Other current liability|20,000.00|20,000.00|
|Total of current liability|2,597,096,228.61|2,179,534,419.26|
|Non-current liabilities：|||
|Long-term loan|840,000,000.00|400,000,000.00|
|Bond payable|987,254,616.00||
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|||
|Employees’ wage payable|||
|Special payable|||
|Expected liabilities|||
|Differed income|15,000.00|25,000.00|
|Differed income tax liability|||
|Other non-current liabilities|||
|Total of Non-current liabilities|1,827,269,616.00|400,025,000.00|
|Total of liability|4,424,365,844.61|2,579,559,419.26|
|Owners’ equity|||
|Share capital|2,662,080,001.00|2,662,080,001.00|
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|2,785,901,203.79|2,782,714,603.79|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Less：Shares in stock|||
|Other comprehensive income|||
|Special reserves|||
|Surplus reserves|70,907,471.36|70,907,471.36|
|Undistributed profit|-25,143,389.81|348,329,886.80|
|Total of owners’ equity|5,493,745,286.34|5,864,031,962.95|
|Total of liabilities and owners’ equity|9,918,111,130.95|8,443,591,382.21|

 3.Consolidated Profit statement
In RMB
||||
|-|-|-|
|Item|Report period|Same period of the previous year|
|I. Income from the key business|1,446,600,260.53|909,974,743.09|
|Incl：Business income|1,446,600,260.53|909,974,743.09|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|1,113,811,086.22|556,604,695.22|
|Incl：Business cost|805,970,226.66|433,071,741.04|
|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|21,128,207.92|15,054,887.96|
|Sales expense|9,884,805.60|4,393,918.77|
|Administrative expense|147,397,071.27|80,606,612.19|
|Financial expenses|141,331,996.97|23,389,000.06|
|Asset impairment loss|-11,901,222.20|88,535.20|
|Add：Gains from change of fir value|||
|（“-”for loss）|||
|Investment gain（“-”for loss）|-28,077.74||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Incl: investment gains from affiliates|||
|Gains from currency exchange（“-”|||
|for loss）|||
|III. Operational profit（“-”for loss）|332,761,096.57|353,370,047.87|
|Add ：Non-operational income|207,894,658.66|180,811,244.28|
|Including：Income from disposal of|||
|non-current assets|||
|Less：Non business expenses|87,226.66|11,600.24|
|Incl：Loss from disposal of non-current|||
||35,050.57||
|assets|||
|IV.Total profit(“-”for loss)|540,568,528.57|534,169,691.91|
|Less：Income tax expenses|86,702,376.06|95,070,735.56|
|V. Net profit|453,866,152.51|439,098,956.35|
|Net profit attributable to the owners of|||
||433,177,734.96|407,536,660.90|
|parent company|||
|Minority shareholders’ equity|20,688,417.55|31,562,295.45|
|VI. Other comprehensive income|||
|Net of profit of other comprehensive inco|||
|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.|||
|（II）|||
|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.Gains and losses from changes in fair v|||
|alue available for sale financial assets|||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|3.Held-to-maturity investments reclassifi|||
|ed to gains and losses of available for sal|||
|e financial assets|||
|4.The effective portion of cash flow hedg|||
|es and losses|||
|5.Translation differences in currency fina|||
|ncial statements|||
|6.Other|||
|7.Net of profit of other comprehensive in|||
|come attributable to Minority|||
|shareholders’ equity|||
|VII. Total comprehensive income|453,866,152.51|439,098,956.35|
|Total comprehensive income attributable|||
||433,177,734.96|407,536,660.90|
|to the owner of the parent company|||
|Total comprehensive income|||
||20,688,417.55|31,562,295.45|
|attributable minority shareholders|||
|VIII. Earnings per share|||
|（I）Basic earnings per share|0.160|0.150|
|(II)Diluted earnings per share|0.160|0.150|

 The current business combination under common control, the net profits of the combined party before achieved ne t profit of RMB 0, last period the combined party realized RMB 0.
4. Profit statement of the Parent Company
In RMB
||||
|-|-|-|
|Items|Report period|Same period of the previous year|
|I. Income from the key business|7,294,837.62|21,304,558.48|
|Incl：Business cost|3,468,388.61|18,423,075.94|
|Business tax and surcharge|355,504.32|118,271.63|
|Sales expense|99.00|102,322.30|
|Administrative expense|35,929,891.65|13,243,377.52|
|Financial expenses|95,587,876.47|464,153.66|
|Asset impairment loss|-6,573,921.23|-950.00|
|Add：Gains from change of fir value（“-”for loss）|||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Investment gain（“-”for loss）|-28,077.74||
|Incl: investment gains from affiliates|||
|II. Operational profit（“-”for loss）|-121,501,078.94|-11,045,692.57|
|Add ：Non-operational income|13,924.00|4,827,879.87|
|Including：Income from disposal|||
|of non-current assets|||
|Less：Non business expenses|33,708.44|4,520.24|
|Incl：Loss from disposal of|||
|non-current assets|||
|III.Total profit(“-”for loss)|-121,520,863.38|-6,222,332.94|
|Less：Income tax expenses|-14,255,586.87||
|IV. Net profit（“-”for net loss）|-107,265,276.51|-6,222,332.94|
|V.Net of profit of other comprehensive i|||
|ncome|||
|（I）Other comprehensive income|||
|items that will not be reclassified into|||
|gains/losses in the subsequent|||
|accounting period|||
|1.Re-measurement of defined benefit pl|||
|ans of changes in net debt or net assets|||
|2.Other comprehensive income under th|||
|e equity method investee can not be recl|||
|assified into profit or loss.|||
|（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.Gains and losses from changes in fair|||
|value available for sale financial assets|||
|3.Held-to-maturity investments reclassif|||
|ied to gains and losses of available for s|||
|ale financial assets|||
|4.The effective portion of cash flow hed|||
|ges and losses|||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|5.Translation differences in currency fin|||
|ancial statements|||
|6.Other|||
|VI. Total comprehensive income|-107,265,276.51|-6,222,332.94|
|VII. Earnings per share：|||
|（I）Basic earnings per share|||
|(II)Diluted earnings per share|||

5. Consolidated Cash flow statement
In RMB
||||
|-|-|-|
|Items|Report period|Same period of the previous year|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or|||
||1,564,891,513.33|49,344,056.60|
|rending of services|||
|Net increase of customer deposits|||
|and capital kept for brother company|||
|Net increase of loans from central bank|||
|Net increase of inter-bank loans from|||
|other financial bodies|||
|Cash received against original insurance|||
|contract|||
|Net cash received from reinsurance|||
|business|||
|Net increase of client deposit and|||
|investment|||
|Net increase of trade financial asset|||
|disposal|||
|Cash received as interest, processing fee|||
|and commission|||
|Net increase of inter-bank fund received|||
|Net increase of repurchasing business|||
|Tax returned|50,453,501.41|60,396,989.72|
|Other cash received from business|||
||141,750,070.25|201,797,068.93|
|operation|||
|Sub-total of cash inflow|1,757,095,084.99|311,538,115.25|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Cash paid for purchasing of|||
||1,190,336,568.05|1,289,412,169.27|
|merchandise and services|||
|Net increase of client trade and advance|||
|Net increase of savings n central bank|||
|and brother company|||
|Cash paid for original contract claim|||
|Cash paid for interest, processing fee|||
|and commission|||
|Cash paid for policy dividend|||
|Cash paid to staffs or paid for staffs|147,605,169.74|85,309,285.08|
|Taxes paid|218,341,898.58|228,336,359.48|
|Other cash paid for business activities|125,737,992.84|200,282,386.47|
|Sub-total of cash outflow from business|||
||1,682,021,629.21|1,803,340,200.30|
|activities|||
|Cash flow generated by business|||
||75,073,455.78|-1,491,802,085.05|
|operation, net|||
|II.Cash flow generated by investing|||
|Cash received from investment|||
|retrieving|||
|Cash received as investment gains|||
|Net cash retrieved from disposal of|||
|fixed assets, intangible assets, and other|||
|long-term assets|||
|Net cash received from disposal of|||
|subsidiaries or other operational units|||
|Other investment-related cash received|64,574,268.94|21,508,443.43|
|Sub-total of cash inflow due to|||
||64,574,268.94|21,508,443.43|
|investment activities|||
|Cash paid for construction of|||
|fixed assets, intangible assets|516,220,411.18|617,734,996.28|
|and other long-term assets|||
|Cash paid as investment|72,000,000.00|20,513,728.53|
|Net increase of loan against pledge|||
|Net cash received from subsidiaries and|||
|other operational units|||
|Other cash paid for investment|70,000,000.00||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|activities|||
|Sub-total of cash outflow due to|||
||658,220,411.18|638,248,724.81|
|investment activities|||
|Net cash flow generated by investment|-593,646,142.24|-616,740,281.38|
|III.Cash flow generated by financing|||
|Cash received as investment|19,500,000.00||
|Incl: Cash received as investment from|||
||19,500,000.00||
|minor shareholders|||
|Cash received as loans|2,008,000,000.00|1,715,000,000.00|
|Cash received from bond placing|987,000,000.00||
|Other financing –related ash received|95,277,905.61||
|Sub-total of cash inflow from financing|||
||3,109,777,905.61|1,715,000,000.00|
|activities|||
|Cash to repay debts|386,905,000.00|290,000,000.00|
|Cash paid as dividend, profit, or|||
||515,241,220.51|106,468,388.77|
|interests|||
|Incl: Dividend and profit paid by|||
||30,000,000.00||
|subsidiaries to minor shareholders|||
|Other cash paid for financing activities|217,000,000.00|17,342,000.61|
|Sub-total of cash outflow due to|||
||1,119,146,220.51|413,810,389.38|
|financing activities|||
|Net cash flow generated by financing|1,990,631,685.10|1,301,189,610.62|
|IV. Influence of exchange rate|||
||16,161.97||
|alternation on cash and cash equivalents|||
|V.Net increase of cash and cash|||
||1,472,075,160.61|-807,352,755.81|
|equivalents|||
|Add: balance of cash and cash|||
||3,006,271,083.93|2,465,010,913.24|
|equivalents at the beginning of term|||
|VI ..Balance of cash and cash|||
||4,478,346,244.54|1,657,658,157.43|
|equivalents at the end of term|||

6. Cash Flow Statement of the Parent Company
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I.Cash flows from operating activities|||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Cash received from sales of goods or|||
||3,599,404.67|2,961,260.02|
|rending of services|||
|Tax returned||7,206.86|
|Other cash received from business|||
||105,518,118.53|705,272,227.65|
|operation|||
|Sub-total of cash inflow|109,117,523.20|708,240,694.53|
|Cash paid for purchasing of|||
||492,650.00|605,820.09|
|merchandise and services|||
|Cash paid to staffs or paid for staffs|6,239,025.41|6,405,716.76|
|Taxes paid|3,301,210.63|2,382,458.67|
|Other cash paid for business activities|197,654,360.86|401,480,295.47|
|Sub-total of cash outflow from business|||
||207,687,246.90|410,874,290.99|
|activities|||
|Cash flow generated by business|||
||-98,569,723.70|297,366,403.54|
|operation, net|||
|II.Cash flow generated by investing|||
|Cash received from investment|||
|retrieving|||
|Cash received as investment gains|||
|Net cash retrieved from disposal of|||
|fixed assets, intangible assets, and other|||
|long-term assets|||
|Net cash received from disposal of|||
|subsidiaries or other operational units|||
|Other investment-related cash received|||
|Sub-total of cash inflow due to|||
|investment activities|||
|Cash paid for construction of|||
|fixed assets, intangible assets|||
|and other long-term assets|||
|Cash paid as investment|314,845,300.00|340,453,728.53|
|Net cash received from subsidiaries and|||
|other operational units|||
|Other cash paid for investment|||
||70,000,000.00||
|activities|||
|Sub-total of cash outflow due to|384,845,300.00|340,453,728.53|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|investment activities|||
|Net cash flow generated by investment|-384,845,300.00|-340,453,728.53|
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Cash received as loans|1,420,000,000.00|100,000,000.00|
|Cash received from bond placing|987,000,000.00||
|Other financing –related ash received|377,205.49||
|Sub-total of cash inflow from|||
||2,407,377,205.49|100,000,000.00|
|financing activities|||
|Cash to repay debts|100,000,000.00||
|Cash paid as dividend, profit, or|||
||349,970,759.92||
|interests|||
|Other cash paid for financing activities|14,000,000.00||
|Sub-total of cash outflow due to|||
||463,970,759.92||
|financing activities|||
|Net cash flow generated by financing|1,943,406,445.57|100,000,000.00|
|IV. Influence of exchange rate|||
|alternation on cash and cash equivalents|||
|V.Net increase of cash and cash|||
||1,459,991,421.87|56,912,675.01|
|equivalents|||
|Add: balance of cash and cash|||
||1,736,774,243.99|29,805,307.79|
|equivalents at the beginning of term|||
|VI ..Balance of cash and cash|||
||3,196,765,665.86|86,717,982.80|
|equivalents at the end of term|||

7. Consolidated Statement on Change inOwners’ Equity
Amount in this period
In RMB
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Amount in this period|||||||||||||
||Owner’s equity Attributable to the Parent Company|||||||||||||
|||||||||||||Minor|Total|
|||Other Equity||||||||||||
|||||||Less:|Other||Surplu|Comm||shareh|of|
|Items||||||||||||||
||Share|instrusment|||Capital|||Specia|||Attribu|||
|||||||Shares|Compre||s|on risk||olders|owner|
||Capit|prefer|||reserve|||lized|||table|||
|||||||in|hensive||reserve|provisi||’|s’|
||al|red|Susta|i Other|s|stock|Income|reserve|s|on|profit|equity|equity|
|||stock|nable|||||||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||||
|-|-|-|-|-|-|-|-|
|||debt||||||
||2,662,||2,919,9||||6,475,8|
|I.Balance at the||||66,158,|788,527|39,069,||
||080,00||66,918.||||02,204.|
|end of last year||||108.81|,477.96|698.11||
||1.00||24||||12|
|Add: Change of||||||||
|accounting||||||||
|policy||||||||
|Correcting of||||||||
|previous errors||||||||
|Merger of entities||||||||
|under common||||||||
|control||||||||
|Other||||||||
|II.Balance at the|2,662,||2,919,9||||6,475,8|
|||||66,158,|788,527|39,069,||
|beginning of|080,00||66,918.||||02,204.|
|||||108.81|,477.96|698.11||
|current year|1.00||24||||12|
|III.Changed in the|||3,464,5||166,969|226,833|397,267|
|current year|||65.30||,734.86|,573.80|,873.96|
|（1）Total||||||||
||||||433,177|20,688,|453,866|
|comprehensive||||||||
||||||,734.96|417.55|,152.51|
|income||||||||
|（II）Investment||||||||
||||3,464,5|||24,000,|27,464,|
|or decreasing of||||||||
||||65.30|||000.00|565.30|
|capital by owners||||||||
|1．Ordinary Share||||||||
||||3,464,5|||24,000,|27,464,|
|s invested by hare||||||||
||||65.30|||000.00|565.30|
|holders||||||||
|2．Holders of oth||||||||
|er equity instrume||||||||
|nts invested capital||||||||
|3．Amount of||||||||
|shares paid and||||||||
|accounted as||||||||
|owners’ equity||||||||
|4．Other||||||||
||||||-266,20||-266,20|
|（III）Profit||||||||
||||||8,000.1||8,000.1|
|allotment||||||||
||||||0||0|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||
|-|-|-|-|-|-|-|
|1.Providing of|||||||
|surplus reserves|||||||
|2.Providing of|||||||
|common risk|||||||
|provisions|||||||
|3．Allotment to the||||-266,20||-266,20|
|owners (or||||8,000.1||8,000.1|
|shareholders)||||0||0|
|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. Other|||||||
|(V). Special|||||||
|reserves|||||||
|1. Provided this|||||||
|year|||||||
|2．Used this term|||||||
||||||182,145|182,145|
|（VI）Other|||||||
||||||,156.25|,156.25|
||2,662,|2,923,4||||6,873,070,078.08|
|IV. Balance at the|||66,158,|955,497|265,903||
||080,00|31,483.|||||
|end of this term|||108.81|,212.82|,271.91||
||1.00|54|||||

 Amount in last year
In RMB
|||
|-|-|
|Items|Amount in last year|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Owner‟s equity Attributable to the Parent Company|||||||||||||
|||Other Equity|||||||||||Total|
|||||||||||||Minor||
|||instrusment|||||Other|||Commo|||of|
||Share|||||Less:||Speciali|||Attribut|shareho||
||||||Capital||Compre||Surplus|n risk|||owner|
||Capit|prefer||||Shares||zed|||able|lders‟||
||||Sustai||reserves||hensive||reserves|provisio|||s’|
||al|red||Other||in stock||reserve|||profit|equity||
||||nable||||Income|||n|||equity|
|||stock||||||||||||
||||debt|||||||||||
||903,00||||4,936,6||||||||5,874,2|
|I.Balance at the|||||||||27,454,||-53,394,|60,527,||
||0,000.||||13,311.||||||||01,438.|
|end of last year|||||||||788.05||384.81|723.53||
||00||||80||||||||57|
|Add: Change of||||||||||||||
|accounting||||||||||||||
|policy||||||||||||||
|Correcting of||||||||||||||
|previous errors||||||||||||||
|Merger of entities||||||||||||||
|under common||||||||||||||
|control||||||||||||||
|Other||||||||||||||
|II.Balance at the|903,00||||4,936,6||||||||5,874,2|
||||||||||27,454,||-53,394,|60,527,||
|beginning of|0,000.||||13,311.||||||||01,438.|
||||||||||788.05||384.81|723.53||
|current year|00||||80||||||||57|
||1,806,||||-1,806,0|||||||||
|III.Changed in the|||||||||||407,536|31,562,|439,098|
||000,00||||00,000.|||||||||
|current year|||||||||||,660.90|295.45|,956.35|
||0.00||||00|||||||||
|（1）Total||||||||||||||
||||||||||||407,536|31,562,|439,098|
|comprehensive||||||||||||||
||||||||||||,660.90|295.45|,956.35|
|income||||||||||||||
|（II）Investment||||||||||||||
|or decreasing of||||||||||||||
|capital by owners||||||||||||||
|1．Ordinary Share||||||||||||||
|s invested by hare||||||||||||||
|holders||||||||||||||
|2．Holders of oth||||||||||||||
|er equity instrume||||||||||||||
|nts invested capital||||||||||||||
|3．Allotment to the||||||||||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||
|-|-|-|-|-|-|-|
|owners (or|||||||
|shareholders)|||||||
|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. Other|||||||
||1,806,|-1,806,0|||||
|(VI )Special|||||||
||000,00|00,000.|||||
|reserves|||||||
||0.00|00|||||
||1,806,|-1,806,0|||||
|1. Provided this|||||||
||000,00|00,000.|||||
|year|||||||
||0.00|00|||||
|2．Used this term|||||||
|（VII）Other|||||||
|IV. Balance at the|||||||
|end of this term|||||||
|(V) Special|||||||
|reserves|||||||
|1. Provided this|||||||
|year|||||||
|2．Used this term|||||||
|（VI）Other|||||||
||2,709,|3,130,6||||6,313,3|
|IV. Balance at the|||27,454,|354,142|92,090,||
||000,00|13,311.||||00,394.|
|end of this term|||788.05|,276.09|018.98||
||0.00|80||||92|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 8.Statement of change inowner’s Equity of the Parent Company
Amount in this period
In RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||Amount in this period|||||||||||
|||Other Equity instrusment||||||||||
||||||||Other|||||
|||||||Less:|||Common|Attribut|Total of|
|Items|Share||||Capital||Compreh|Surplus||||
|||preferre|Sustain|||Shares in|||risk|able|owners’|
||Capital|||Other|reserves||ensive|reserves||||
|||d stock|able|||stock|||provision|profit|equity|
||||||||Income|||||
||||debt|||||||||
|I.Balance at the|2,662,08||||2,782,714||||70,907,47|348,329|5,864,031|
|end of last year|0,001.00||||,603.79||||1.36|,886.80|,962.95|
|Add: Change of||||||||||||
|accounting||||||||||||
|policy||||||||||||
|Correcting of||||||||||||
|previous errors||||||||||||
|Other||||||||||||
|II.Balance at the||||||||||||
||2,662,08||||2,782,714||||70,907,47|348,329|5,864,031|
|beginning of||||||||||||
||0,001.00||||,603.79||||1.36|,886.80|,962.95|
|current year||||||||||||
|||||||||||-373,47||
|III.Changed in the|||||3,186,600||||||-370,286,|
|||||||||||3,276.6||
|current year|||||.00||||||676.61|
|||||||||||1||
|（I）Total||||||||||-107,26||
||||||||||||-107,265,|
|comprehensive||||||||||5,276.5||
||||||||||||276.51|
|income||||||||||1||
|(II) Investment or||||||||||||
||||||3,186,600||||||3,186,600|
|decreasing of||||||||||||
||||||.00||||||.00|
|capital by owners||||||||||||
|1．Ordinary Share||||||||||||
||||||3,186,600||||||3,186,600|
|s invested by hareh||||||||||||
||||||.00||||||.00|
|olders||||||||||||
|2．Holders of oth||||||||||||
|er equity instrume||||||||||||
|nts invested capital||||||||||||
|3.Amount of||||||||||||
|shares paid and||||||||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||
|-|-|-|-|-|-|
|accounted as||||||
|owners’ equity||||||
|||-277,965.|||-277,965.|
|4．Other||||||
|||30|||30|
|||||-266,20||
|（III）Profit|||||-266,208,|
|||||8,000.1||
|allotment|||||000.10|
|||||0||
|1.Providing of||||||
|surplus reserves||||||
|2．Allotment to the||||-266,20||
||||||-266,208,|
|owners (or||||8,000.1||
||||||000.10|
|shareholders)||||0||
|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. Other||||||
|(V) Special||||||
|reserves||||||
|1. Provided this||||||
|year||||||
|2．Used this term||||||
|（VI）Other||||||
|IV. Balance at the|2,662,08|2,785,901|70,907,47|-25,143,|5,493,745,286.34|
|end of this term|0,001.00|,203.79|1.36|389.81||

Amount in last year
In RMB
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||Amount in last year|||||||||||
|||Other Equity instrusment||||||||||
||||||||Other||Commo|||
|||||||Less:||||Attribu|Total of|
|Items|Share||||Capital||Compreh|Surplus|n risk|||
|||preferre|Sustain|||Shares||||table|owners’|
||Capital|||Other|reserves||ensive|reserves|provisio|||
|||d stock|able|||in stock||||profit|equity|
||||||||Income||n|||
||||debt|||||||||
|||||||||||-538,92||
|I.Balance at the|903,000,||||4,799,360||||32,204,15||5,195,638|
|||||||||||6,803.5||
|end of last year|000.00||||,997.35||||0.60||,344.44|
|||||||||||1||
|Add: Change of||||||||||||
|accounting||||||||||||
|policy||||||||||||
|Correcting of||||||||||||
|previous errors||||||||||||
|Other||||||||||||
|II.Balance at the||||||||||-538,92||
||903,000,||||4,799,360||||32,204,15||5,195,638|
|beginning of||||||||||6,803.5||
||000.00||||,997.35||||0.60||,344.44|
|current year||||||||||1||
|III.Changed in the|1,806,00||||-1,806,00|||||-6,222,3|-6,222,33|
|current year|0,000.00||||0,000.00|||||32.94|2.94|
|（I）Total||||||||||||
|||||||||||-6,222,3|-6,222,33|
|comprehensive||||||||||||
|||||||||||32.94|2.94|
|income||||||||||||
|(II) Investment or||||||||||||
|decreasing of||||||||||||
|capital by owners||||||||||||
|1．Ordinary Share||||||||||||
|s invested by hareh||||||||||||
|olders||||||||||||
|2．Holders of oth||||||||||||
|er equity instrume||||||||||||
|nts invested capital||||||||||||
|3.Amount of||||||||||||
|shares paid and||||||||||||
|accounted as||||||||||||
|owners’ equity||||||||||||
|4．Other||||||||||||
|（III）Profit||||||||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||
|-|-|-|-|-|-|
|allotment||||||
|1.Providing of||||||
|surplus reserves||||||
|2．Allotment to the||||||
|owners (or||||||
|shareholders)||||||
|3．Other||||||
|(IV)Internal||||||
||1,806,00|-1,806,00||||
|transferring of||||||
||0,000.00|0,000.00||||
|owners’ equity||||||
|1. Capitalizing of||||||
||1,806,00|-1,806,00||||
|capital reserves (or||||||
||0,000.00|0,000.00||||
|to capital shares)||||||
|2. Capitalizing of||||||
|surplus reserves||||||
|(or to capital||||||
|shares)||||||
|3．Making up||||||
|losses by surplus||||||
|reserves.||||||
|4. Other||||||
|(V) Special||||||
|reserves||||||
|1. Provided this||||||
|year||||||
|2．Used this term||||||
|（VI）Other||||||
|||||-545,14||
|IV. Balance at the|2,709,00|2,993,360|32,204,15||5,189,416|
|||||9,136.4||
|end of this term|0,000.00|,997.35|0.60||,011.50|
|||||5||

III.Brief introduction of theCompany：
Approved by Hebei Economic System Reform Commission with the Approval of Establishment of Dongxu Optoelectronic Technology Co.,Ltd.（Hereinafter referred to as “The Company”or “DongxuOptoelectronic”）(Ji Ti Gfai Wei Gu Zi(1992) No.5 Document) in 1992, Shijiazhuang Baoshi Electronic Glass Co., Ltd. is a joint stock limited company company jointly established by
Shijiazhuang Kinescope General Factory (transformed into Shijiazhuang Baoshi Electronics Group Co., Ltd.later), China Electronic
Import and export Corporaqtion 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.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 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 Dongxu Group , a dir ect 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 Glass Co., Ltd. to Do ngxu 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 ,and the registered capital is RMB2709 million after changed.
As per the provisions of “Restricted Stock Incentive Plan of Dongxu 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.
As of June 30, 2015, Registered capital :RMB 2,662,080,001.00, Legal representative: Li Zhaoting, Registration No. of Legal Entity Business License : 130000000001040, Registered Address: No.9, Huanghe Road, Shijiazhuang High-tech Industrial Development Area, Shijiazhuang, Hebei Province.
Business scope: electronic vacuum glass devices and supporting electronic components, automotive parts production and sales and after-sales services; management of the enterprise's own products export business and the business of mechanical equipment, spare parts, raw materials imports business (except the goods and technology that the country limit or prohibit to import and export), flat panel display glass substrate industry, investment, construction and operation and related technology development, technology consulting, technology services, technology transfer; hydrogen (52.23 tons / year) of production (valid until June 30, 2015 (can not operate the laws, regulations and the State Council decided to ban or restrict, ; can operate after get approval from other departments).
From January to June of 2015, 10 subsidiaries and 3 sub-subsidiaries were included in the consolidation scope by the company, see
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 details at Note 7 “Rights and Interests in Other Subjects ”. The consolidation scope of the company increased by 2 companies year on year at this reporting period, see details at Note 6“Change of Consolidation Scope”
Financial statements and notes to the financial statements approved at the 40th meeting of the seventh Board of of Directors on August 28, 2015.
IV.Basis for the preparation of financial statements
1.Basis for the preparation
The financial statements of the company are prepared based on the going-concern assumption and the actual transactions and items, and as per “Accounting Standards for Business Enterprises– Basic Standards” (released in Decree No.33, Ministry of Finance and amended in Decree No.76, Ministry of Finance) issued by Ministry of Finance, 41 specific accounting standards, application guide of accounting standards for business enterprises, interpretation of accounting standards for business enterprise and other provisions (collectively called “Accounting Standards for Business Enterprises” hereinafter) issued and amended on February 15, 2006 and later, and the disclosure provisions of “Rules for the Information Disclosure and Compilation of Companies Publicly Issuing Securities No.15– General Rules on Financial Reports (Revised in 2014)” of China Securities Regulatory Commission. 2. Going-concern
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.Principal accounting policies and accounting estimates
Principal accounting policies and accountingestimates，Specific accounting policies and accounting estimates tips:
The Company under the Ministry of Finance issued in 2014 - Accounting Standard For Business Enterprises No.2-Long-term equity investment.（Announced 2014
and other eight Accounting Standards to change the related Accounting Policies. But the comparison does not involve retrospective r estatement of financial statements.
1. Statement on complying with corporate accounting standards
The Company state: the financial statements prepared are in line with the requirements in enterprise accounting standards in line with of system, and have truly and completely reflected of the financial status in June 30, 2015 , operational results, cash flow, and other relevant information for half year of 2015.
2.Accounting year:
from January 1 to December 31 as one accounting year.
3. Operating Cycle
The normal business cycle refers to the period from the assets used for processing after purchased by the company to the cash or cash
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 equivalents achieved. 12 months are regarded as one operating cycle in the company, and which is as the division criterion for the liquidity of assets and liabilities.
4.Standard currency forbookkeeping：
The Company takes RMB as the standard currency for bookkeeping.
5. Accounting treatment methods of the merger of enterprises under the control of the same company and different companies
Business combination refers to the transactions or items with one reporting entity formed by the combination of two or more separate enterprises. The business combination shall be divided into the business combination under common control and the business combination under non-common control.
(1) Business Combination under Common Control
The business combination under common control refers to the 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. Of which, the combining party is that acquiring the control right to other combining enterprises at combining date, and the combining date means the date that the combining party actually acquires the control right of the combined party.
The assets and liabilities acquired by the combining party are measured in accordance with the book value of the combined party at the combining date. For the balance between the book value of net assets acquired by the combining party and the book value of the combining valuable consideration (or the nominal amount of issued shares), the capital reserves (stock premium) shall be adjusted, or the retained earnings shall be adjusted when the capital reserves (stock premium) are insufficient.
All the costs directly incurred for the business combination by the combining party shall be recorded into the current profits and losses when occurred.
（2）Business Combination under Non-common Control
The business combination under non-common control refers to the business combination in which all of the combining enterprises are not ultimately controlled by the same party or parties both before and after the combination. Of which, the acquirer is that obtaining the control right to other combining enterprises at acquisition date, and other combining enterprises refers to the acquiree. The acquisition date means the date that the acquirer actually obtains the control right of the acquiree.
For the business combination under non-common control, the merger costs include the assets paid for obtaining the control right of acquiree by the acquirer, the liabilities occurred or borne and the fair value of equity securities issued, the intermediary fees for audit, legal services, evaluation and consultation when the business combination issued, and other management costs shall be recorded into the current profits and losses when occurred. The transaction costs of equity securities or debt securities issued for the merger consideration by the acquirer shall be included into the initially recognized amount of the equity securities or the debt securities. The contingent consideration involved shall be recorded into the merger cost as per the fair value at the acquisition date. Within 12 months after the acquisition date, the combining business reputation should be adjusted correspondingly if the contingent consideration is required to adjust because of new or further evidence for the existed situation on the acquisition date. The merger cost issued by the acquirer and the identifiable net assets acquired in the combination are measured as per the fair value on the acquisition date. The difference of the merger cost minus the fair value shares of identifiable net assets obtained by the acquiree during the merger on the acquisition date, is recognized as the business reputation. While the merger cost is less than the fair value shares of identifiable net assets obtained by the acquiree during the merger, all the measurement on the identifiable assets, the liabilities, the fair value of liabilities and the merger cost obtained by the acquiree should firstly be rechecked, and the difference shall be recorded into the current profits and costs if the merger cost is still less than the fair value shares of identifiable net assets obtained by the acquiree during the merger after rechecking.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 If the deductible temporary difference of acquiree obtained by the acquirer is not recognized due to the recognition condition of the deferred income tax assets unmet on the acquisition date. Within 12 months after the acquisition date, the relevant deferred income tax assets shall be recognized and the business reputation shall be reduced if the acquired new or further evidence shows that the relevant situation has already existed and the economic benefit gained by the acquiree from the deductible temporary difference is expected to achieve, and the differences are recognized as the current profits and losses if the business reputation is insufficient to offset. With the exception of the above, the deferred income tax assets related to the business combination are recorded into the current profits and losses.
For the business combination under non-common control realized step-by-step through multiple transactions, the multiple transactions shall be judged if belong to “the package deal” according to the “Notice on Issuance of Interpretation of Accounting Standards for Business Enterprises from Ministry of Finance” (Finance and Accounting[2012] No.19) and the judgment standards on “the package deal” in Article 51 of “Accounting Standards for Business Enterprises No.33– Consolidated Financial Statement” (please see 5 (2) in Notes 3). For the package deal, please refer to above description of this section and Notes 3, 14 “Long-term Equity Investment” to conduction the accounting treatment. For the non-package deal, the relevant accounting treatment should be respectively conducted for the individual financial statement and the consolidated financial statements: For the individual financial statements, the sum of the book value of equity investment from the purchased party held before the purchase date and the new investment cost at the purchase date shall be as the initial investment cost of the investment. For the other comprehensive incomes involved in the equity of the acquiree held before the acquisition date, the investment and the relevant other comprehensive incomes shall be disposed through the accounting treatment on the same basis of the direct disposal of the relevant assets or liabilities by the acquiree (Namely, the rest is transferred into the current investment incomes with the exception of the corresponding shares of changes caused by the net liabilities or the net assets of the defined benefit plans re-measured by the acquiree as per the equity method).
In the consolidated financial statements, the equity of the acquiree held before the acquisition date shall be measured again as per the fair value of the equity on the acquisition date, and the difference between the fair value and the book value is recorded into the current investment income. For the other comprehensive incomes involved in the equity of the acquiree held before the acquisition date, the relevant other comprehensive incomes shall be disposed through the accounting treatment on the same basis of the direct disposal of the relevant assets or liabilities by the acquiree (Namely, the rest is transferred into the current investment incomes on the acquisition date, with the exception of the corresponding shares of changes caused by the net liabilities or the net assets of the defined benefit plans re-measured by the acquiree as per the equity method).
6. Compiling method of consolidated accounting statements
(1) Compiling method of consolidated accounting 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. 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.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 When the preparation of 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 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
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 3,) 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. Recognition Standard of Cash& Cash Equivalents
The cash stated in cash flow statement refers to cash in hand and bank deposits usable for payment at any time. Cash equivalent refers to the investments with holding period of less than three months that are readily convertible to known amount of cash and
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 subject to insignificant risk of changes in value.
8. Accounting and Translation Method of Foreign Currency Transaction
(1) Translation Method of Foreign Currency Transaction
The shot exchange rate (usually refers to the middle rate at the date of currency exchange published by thePeople‟s Bank of China, hereinafter inclusive) on the transaction date is adopted to convert to the amount of functional currency when the foreign currency transaction issued in the company is initially recognized. However, the foreign currency exchanges or the transactions relative to the foreign currency exchanges occurred in the company shall be translated into the amount of functional currency as per the actually adopted exchange rate.
(2) Translation Method for Monetary Items of Foreign Currency and Non-monetary Items of Foreign Currency
On the balance sheet date, the monetary items of foreign currency are translated as per the shot exchange rate on the balance sheet date, and the foreign exchange conversion gap arising from which shall be recorded into the profits and losses of the current period, except for① the balance of exchange arising from special foreign currency borrowings for the purchase and construction of qualified assets subject to the principle of borrowing costs.② the exchange balance generated from other book balances in the foreign currency monetary items available for sale with the exception of the post-amortization costs shall be recorded into other comprehensive incomes.
The non-monetary items of foreign currency measured at the historical cost shall still be measured by the amount of functional currency translated at the spot exchange rate on the transaction date. The non-monetary items of foreign currency measured at the fair value shall be translated at the spot exchange rate on the fair value recognized date, and the gap of the translated amount of functional currency and the original the amount of functional currency shall be as the fair value variation (change in exchange rate included) to make treatment and recorded into the current profits and losses or recognized as other comprehensive incomes.
(1) Translation Method of Foreign Currency Financial Statement
For the overseas business operation involved in the preparation of the consolidated financial statement, the exchange balance arising from the change in exchange rate for the foreign currency monetary items of the net investment in the overseas business, shall be as “translation reserve of foreign currency statement” and recognized as other comprehensive incomes. The profits and losses of the current disposal period shall be recorded when disposal of the overseas business operations.
The foreign currency financial statement of the overseas business operation shall be translated as RMB statement as per the following methods: the assets and liabilities in the balance sheet shall be translated at a spot exchange rate on the balance sheet date. For theshareholders‟ equity items, other items shall be translated at a spot exchange rate when occurring, except for the “undistributed profit” items. The earnings and expenses items in the profit statement shall be translated at a spot exchange rate on the transaction date. Moreover, the undistributed profits at the beginning of this year are the profits translated at the end of last year which shall be distributed and listed all the items measurement as per the translated profits. The difference between the translated assets items and the sum of the liabilities items and theshareholders‟ equity items shall be as the translation reserve of foreign currency statement and recognized as other comprehensive incomes. When disposing the overseas business operation and losing the control right, the translation reserves of foreign currency statement related to the overseas business operation which listed in theshareholders‟ equity items in the balance sheet, are all recorded into the current disposal profits and losses or shifted as per the disposal proportion of the overseas business operation.
The cash flows of foreign currency and overseas subsidiary shall be translated at the spot exchange rate on the cash flow date. The influence amount of the change in exchange rate on the cash shall be individually listed and reported as the adjustment items in the cash flow statement.
The amount at the beginning of this year and the actual amount of last year shall be listed according to the translated amount of the financial statement.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 If the control on the overseas business operation lost due to the disposal of partial equity investment or other reasons when disposing all theowners‟ equity of the overseas business operation of the company, the translation reserves of foreign currency statement belong to theowners‟ equity of the parent company related to the overseas business operation which listed in theshareholders‟ equity items in the balance sheet, are all recorded into the current disposal profits and losses.
If the held equity proportion of the overseas business operation reduced due to the disposal of partial equity investment or other reasons, but the control on the overseas business operation not lost, the translation reserves of foreign currency statement related to the partial disposal of the overseas business operation shall be belong to the minority equity and not recorded into the current profits and losses. When disposing partial equity of the joint ventures or the cooperative enterprises of the overseas business operations, the translation reserves of foreign currency statement related to the overseas business operations shall be recorded into the current disposal profits and losses as per the disposal proportion of the overseas business operations.
9.Financial instruments
One financial asset or financial liability shall be recognized when the company becomes the party in the financial instrument contract. The financial assets and the financial liabilities are measured at the fair value in the initial recognition. For the financial assets and liabilities that measured at the fair values and the variation included in the current profits and losses, the relative transaction expenses shall be directly recorded into the profits and losses. For the financial assets and liabilities of other categories, the expenses related to transactions are recognized as initial amount.
(1) Determination Method for the Fair Value of Financial Assets and Liabilities
The fair value refers to the price that receivable for the sale of one asset or paid for the transfer of one liability in the orderly transactions occurring on the measurement date for the market participants. If there exists the active market for the financial instrument, the company shall recognize the fair value according to the quotation in the active market which refers to the price that easy to periodically acquire from Exchanges, Commission Brokers, Guilds and Pricing Services, and stands for the price of the market transactions actually occurred in the fair dealing. For thereisn‟t the active market for the financial instrument, the company shall recognize the fair value with adopting the valuation technique which includes the price used in the market transactions recently conducted by the parities with voluntary trade and under the consideration and acquainting of the situation, the current fair value in reference to other same financial instruments, the discount cash flow method and the option pricing model.
(2) Classification, Recognition and Measurement of Financial Assets
The accounting recognition and de-recognition shall be conducted at the transaction date in the conventional way for the financial assets dealing. The financial assets are divided into the financial assets, the held-to-maturity investment, the loans, the receivables and the sellable financial assets which are measured at their fair values and of which the variation are recorded into the current profits and losses when recognized initially.
① The financial assets measured at the fair value and of which the variation recorded into the current profits and losses
Including the tradable financial assets and the financial assets designated at their fair values and of which the variation is recorded into the current profits and losses.
The tradable financial assets refer to the financial assets meeting any of the following requirements: A. the purpose to acquire the financial assets is for selling in the short-term. B. forming a part of the identifiable combination of financial instruments which are managed in a centralized way and for which there are objective evidences proving that the company may manage the combination by way of short-term profit making in the near feature. C. being a derivative instrument, excluding the designated derivative instruments which are effective hedging instruments, or derivative instruments belong to financial guarantee contracts, and the derivative instruments which are connected with the equity instrument investments for which there is no quotation in the active market and whose fair value cannot be reliably measured, and which shall be settled by the delivery of the equity instruments.
The financial assets meeting any of the following requirements can be designated when they are initially recognized as financial
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 assets measured at their fair values and of which the variation is recorded into the current profits and losses: A. the designation is able to eliminate or obviously reduce the discrepancies in the recognition or measurement of relevant gains or losses arisen from the different basis of measurement of the financial assets. B. the official written documents on risk management or investment strategies of the company have recorded that the combination of the financial assets, or the combination of the financial assets and liabilities will be managed and evaluated on the basis of the fair value and reported to the key management personnel.
The financial assets measured at their fair values and of which the variation is recorded into the current profits and losses shall be made the subsequent measurement as per the fair value, and the gains or losses formed from the variation of the fair value as well as the dividend and interest incomes related to the financial assets shall be recorded into the current profits and losses.
②The investments of held-to-maturity
The held-to-maturity investment refers to a non-derivative financial asset with a fixed date of maturity, a fixed or determinable amount of repo price and the company holds for a definite purpose or is able to hold until its maturity.
The held-to-maturity investments shall be made the subsequent measurement on the basis of the actual interest rate and the post-amortization costs, and the gains or losses arising from de-recognition, impairment or amortization shall recorded into the current profits and losses.
The actual interest rate method is the way to calculate the post-amortization costs and the interest incomes or expenditure at each period as per the actual interest rate of the financial assets or liabilities (a group of financial assets or liabilities included). The actual interest rate means that the future cash flow of the financial assets or liabilities within the predicted term of existence or within a shorter applicable term shall be discounted as the rate used for the current book value of the financial assets or liabilities.
When calculating the actual interest rate, the company should consider all the contract terms of the financial assets or liabilities to estimate the future cash flow (without regard to the future credit loss), and take account of all the charges, transaction expenses and discounts or premium belong to the actual interest rate and paid or received between all the parties of the financial assets or liabilities contracts.
③Loans and Receivables
The loans and the receivables refer to a non-derivative financial asset without the quotation, a fixed or determinable amount of repo price in the active market. The financial assets divided into loans and receivables of the company shall include the bill receivable, the accounts receivable, the interest receivable, the dividends receivable and other receivables
The loans and the receivables shall be made the subsequent measurement on the basis of the actual interest rate and the post-amortization costs, and the gains or losses arising from de-recognition, impairment or amortization shall recorded into the current profits and losses.
④ The financial assets available for sale
The sellable financial assets refer to the non-derivative financial assets which are designated as sellable when they are initially recognized as well as the financial assets other than the financial assets, the loans, the receivables and the held-to-maturity investments measured at the fair value and of which the variation recorded into the current profits and losses.
The costs of the sellable liability instrument investments at the end of period shall be recognized as per the post-amortization cost method, which is the amount that the accumulated amortization amount, formed after the amortization for the initially recognized amount with the compensated capital deducted plus or minus the difference between the initially recognized amount and the amount at the maturity date with use of the actual interest rate method, with deduction of the impairment losses occurred. The costs of the sellable equity instrument investments at the end of period are the initially acquired costs.
The sellable financial assets shall be conducted the subsequent measurement at the fair value, the balance
The gains or losses arising from the change in the fair value, except that the impairment losses and the exchange balance related to the monetary financial assets of foreign currency and the post-amortization costs are recorded into the current profits and losses, shall be recognized as other comprehensive incomes, transferred out and recorded into the current profits and losses when the
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 de-recognition of the financial assets. However, The equity instrument investment which has no quotation in the active market and whose fair value cannot be reliably measured, and the derivative financial assets which are connected with the equity instrument and required to settle by the delivery of the equity instrument shall be conducted the subsequent measurement by costs.
The interests acquired from the sellable financial assets during the holding period and the cash dividends declared to deliver by the investee shall be recognized as the investment returns.
② The financial assets impairment available for sale
The decline for the fair value of the sellable equity instrument investments can be judged as serious or non-transient depreciation by the relevant comprehensive factors, which shows that the sellable equity instrument investments have the impairment. Of which, the “serious depreciation” refers to the decline range of the fair value accumulatively over20%, and the “non-transient depreciation” is the decline period of the fair value continuously beyond 12 months.
When the sellable financial assets impair, the accumulated losses formed due to the depreciation of the fair value for other comprehensive incomes originally recorded shall be transferred out and recognized as the current profits and losses, and the transferred accumulative losses are the balances of the costs of the assets initially acquired with deduction of the withdrawn capitals, the amortized amount, the current fair value and the impairment losses initially recorded into profits and losses.
After the impairment losses recognized and if there are objective evidences proving that the financial assets values have resumed after the period and have objectively involved in the matters occurred after the losses recognized, the impairment losses originally recognized shall be switched back, the reverse of the impairment losses for the sellable equity instrument investments shall be recognized as other comprehensive incomes and the reverse of the impairment losses for the sellable liability instrument shall be recorded into the current profits and losses.
The equity instrument investment which has no quotation in the active market and whose fair value cannot be reliably measured, or the impairment losses of the derivative financial assets which are connected with the equity instrument and required to settle by the delivery of the equity instrument shall not be reversed.
(3) Recognition criteria and measurement methods of transferred financial assert
For financial asset that satisfies the following criteria, it shall stop recognizing the financial asset: 1) the contract rights to collect the cash flow of the financial assert has been terminated; 2) the financial assert has been transferred with nearly all of the risks and rewards related to the ownership of the financial assert transferred to transferee; 3) the financial assert has been transferred with the control to such financial asserts waived, though this enterprise has not transferred or retained nearly all the risks and rewards related to the ownership of the financial assert.
If this enterprise has neither transferred nor retained almost all the risks and rewards on the asset ownership, it shall, within the extent of its continuous involvement in the transferred financial asset and recognize the relevant liability. The term "continuous involvement in the transferred financial asset" shall refer to the risk level that this enterprise faces resulting from the change of the value of the financial asset.
If the transfer of an entire financial asset satisfies the conditions for stopping recognition, the difference between the amounts of the book value of the transferred financial asset and the sum of consideration received from the transfer, and the accumulative amount of the changes of the fair value originally recorded in the owner's equities of other comprehensive income, shall be recorded in the profits and losses of the current period.
If the transfer of partial financial asset satisfies the conditions to stop the recognition, the book value of the transferred financial asset shall, between the portion whose recognition has been stopped and the portion whose recognition has not been stopped, be
apportioned according to their respective relative fair value, and the difference between the amounts of the following 2 items shall be included into the profits and losses of the current period: 1)sum of consideration the portion whose recognition has been stopped and the accumulative amount changes in fair value originally recordedowner’s equities which is corresponding to stopped, the book value of the portion whose recognition has been stopped; 2) the book value of the portion whose recognition has been stopped.
For the financial asset sold with recourse attached, it is to transfer the financial asset held by endorsement, prior to confirmation that
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 nearly all of the risks and rewards related to the ownership of the financial asset has been transferred to transferee. Where this enterprise has transferred nearly all of the risks and rewards related to the ownership of the financial asset to the transferee, it shall stop recognizing the financial asset. If it retained nearly all of the risks and rewards related to the ownership of the financial asset, it shall not stop recognizing the financial asset. Where this enterprise does not transfer or retain nearly all of the risks and rewards related to the ownership of a financial asset, it shall deal with it according to principles stipulated above.
(4)Classification and Measurement of Financial Liability
Financial liabilities shall be classified into the two categories when they are initially recognized: the financial liabilities which are measured at their fair values and of which the variation is included in the current profits and losses; other financial liabilities. For the financial liabilities which are measured at their fair values and of which the variation is included in the current profits and losses, the related transaction cost shall be included directly in the current profits and losses; for other financial liabilities, the related transaction cost included in the initially recognized amount.
1) The condition for classifying the financial liabilities which are measured at their fair values and of which the variation is included in the current profits and losses
as transactional financial liabilities and the financial liabilities which are measured at their fair values at initial recognition and of which the variation is included in the current profits and losses is the same as these for classifying it as the transaction financial asset and the financial asset which are measured at their fair values and of which the variation is included in the current profits and losses. This enterprise shall make subsequent measurement on its financial liabilities according to their fair values. The profits and losses, arising from the change in the fair value of the financial asset, and the dividends and interests expenses associated with the financial asset, shall be recorded into the profits and losses of the current period.
2) Other Financial Liability
And are not quoted in an active market,for which there is no quoted price in the active market and whose fair value cannot be reliably measured, this enterprise shall make subsequent measurement according to its cost. For other financial liabilities, this enterprise shall make subsequent measurement on the basis of the post-amortization costs by adopting the actual interest rate method, with profits or losses resulting from stopping recognition or amortization recorded into the profits and losses of the current period.
(5) Termination from Recognition of Financial Liability
Only when the prevailing obligations of a financial liability are relieved in all or in part may the recognition of the financial liability be terminated in all or partly. Where this enterprise (debtor) enters into an agreement with a creditor so as to substitute the existing financial liabilities by way of any new financial liability, and if the contractual stipulations regarding the new financial liability is substantially different from that regarding the existing financial liability, it shall terminate the recognition of the existing financial liability, and shall at the same time recognize the new financial liability.
Where the recognition of a financial liability is totally or partially terminated, this enterprise shall include into the profits and losses of the current period the gap between the carrying amount which has been terminated from recognition and the considerations it has paid (including the non-cash assets it has transferred out and the new financial liabilities it has assumed).
(6) Offset of Financial Asset and Financial Liability
Where this enterprise has the legal right to offset its recognized financial asset and financial liability, and it is able to perform this legal right, and if it plans to settle with the net amount of and cash the financial asset and liquidate the financial liability, it shall itemize and show in the balance sheet the amounts after the financial asset and the financial liability offset each other. For any other circumstances, the financial asset and financial liability shall not offset each other, and shall be itemized and shown separately in the balance sheet
(7) Equity Instruments
The "equity instruments" refers to the contracts which can prove that this enterprise holds the surplus equities of the assets after the deduction of all the debts. This enterprise deal the equity instruments issued (including refinancing), repurchased, sold or cancelled
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 as changes of equity. It shall not recognize the changes of fair value of equity instruments. The transaction expenses associated with equity transactions shall be deducted from the equity.
This enterprise shall deduct the shareholders' equity for various kinds of distributions (not including stock dividends) to the holders of equity instruments. It shall not recognize the amount of changes in the fair value of equity instruments.
10.Account receivable
（1）Provision for bad debts of account receivable that are individually significant
|||
|-|-|
|The judgment basis for significant single-item amount or|The accounts receivable with single-item amount of RMB 5|
|standard for significant amount|million and above|
||Impairment test shall be separately conducted. If the test proves|
||the occurrence of impairment, impairment loss shall be|
||determined and provision for bad debts shall be made according|
||to the difference between the present value of its future cash flow|
||and its book value. For the accounts receivable whose|
|The method of separate provision for bad debts for the accounts|impairment is not proved by separate test, such accounts|
|receivable with significant single-item amount|receivable, together with those with insignificant single-item|
||amount, are divided into some groups based on similar|
||characteristics of credit risks. For these groups of accounts|
||receivable, provision for bad debts shall be made according to|
||the regulation mentioned in "(2) provision for bad debts shall be|
||made for accounts receivable on group basis".|

(2)The accounts receivable of bad debt provisions made by credit risk Group
|||
|-|-|
|Name|Method for recognition of impairment allowances|
|Division into groups with the age of accounts receivable as||
||The age analysis|
|characteristic of credit risk||
|Division into groups with the transaction object of accounts||
|receivable and the nature of money as the characteristic of credit||
|risk. Such as export rebates receivable, employees' borrowings|Other|
|for official duties, reserve fund, deposit, money for related||
|transactions.||
|Method of provision for bad debts|Method of provision for bad debts|
|Provision for bad debts with the method of account age analysis|The age analysis|
|Impairment test shall be separately conducted. If objective||
|evidences prove the occurrence of impairment, impairment loss||
|shall be recognized and provision for bad debts shall be made|Other|
|according to the difference between the present value of expected||
|future cash flow and its book value. If no impairment is found||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||
|-|
|after test, no provision for bad debts shall be made.|

In Group, Provision for bad debts with the method of account ageanalysis：
√ Applicable□ Not Applicable
||||
|-|-|-|
||Proportion of provision for account|Proportion of provision for other|
|Aging|||
||receivable|receivable|
|Within 1 year（Including 1 year）|0.00%|0.00%|
|Within 1 year after credit period|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 balance percentage method for bad debtprovision：
□ Applicable√ Not applicable
In Group ,adopting other method for bad debtprovision：
□ Applicable√ Not applicable
(3) Accounts receivable that are individually insignificant but with bad debt provision provided on an individual basis
|||
|-|-|
||The accounts receivable with single-item amount of less than|
|Reason for separate provision for bad debts|RMB 5 million whose risk characteristics can‟t be reflected by|
||provision for bad debts on basis of group.|
||Provision for bad debts is made according to the difference|
|Method of provision for bad debts|between the present value of its future cash flow and its book|
||value.|

11. Inventories
(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
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 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 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.
Cost of Development
Cost of development includes completed development product, development product under construction, leasing development product and simulated development land.
Completed development product means the estate which has been built and up for sale; Development product under construction means the estate whichhasn‟t been built and in the purpose of sale; Leasing development product means the estate which is temporarily leased under business mode for which thecompany‟s intents to sell, which the leasing development product amortizes by stages within the estimated available years; Simulated development land means the land which has been purchased and determined to be developed as Sales or Leasing Estate.
12. Long-term Equity Investment
The long-term equity investment in this section refers to the long-term equity investment of this enterprise that is able to control to or does joint control with or significant influences over the invested enterprise. For the long-term equity investment of this enterprise that is not able to control to or does not do joint control with or have significant influences over the invested enterprise, this enterprise shall record it as available-for-sale financial asset or the financial asset measured by its fair value with its changes in fair value recorded into the profits or losses of current period as the changes. For details of its accounting policy, please refer to Note III.9 "Financing Instruments"
The term "joint control" refers to the joint control over an arrangement of this enterprise in accordance with the contracts and agreements, and decisions over relevant activity of such arrangement shall not be unless the assent on sharing the control power. The term "significant influences" refers to this enterprise's power to participate in making decisions on the financial and operating policies of the invested enterprise, but not to control or do joint control together with other parties over the formulation of these policies. (1)Ascertaining of Investment Cost
For the merger of enterprises under the same control, it shall, on the date of merger, regard the share of the book value 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 payment in cash, no-cash assets transferred as well as the book value of the debts borne by the merging party shall offset against the capital reverse. If the capital reserve is insufficient 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 merger, regard the share of book value of theowner’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. For the merger of enterprises under the same control through gaining the shares of the combined enterprise by multiple steps of deals, it shall deal with it in the following two ways depending on that if it belongs to "a package deal": if it belongs to "a package deal", it shall deal with all the deals as one obtaining the control power; if it does not belong to "a package deal", it shall, on the date of merger, regard the share of book value of theowner’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. The equity
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 investment held by this enterprise before the date of merger shall be accounted for by equity method, or shall be recorded as the other comprehensive income recognized as available-for-sale financial asset and not accounted for.
For the merger of enterprises not under the same control, it shall, on the date of merger, regard the share of the book value of the owner's equity of the merged enterprise as the initial cost of the long-term equity investment. The merger costs include the assets paid, liabilities occurred or borne and sum of the fair value of the equity securities issued by the purchaser. For the merger of enterprises not under the same control through gaining the shares of the combined enterprise by multiple steps of deals, it shall deal with it in the following two ways depending on that if it belongs to "a package deal": if it belongs to "a package deal", it shall deal with all the deals as one obtaining the control power; if it does not belong to "a package deal", it shall, on the date of merger, regard the sum of book value of theowner’s original equity of the merged enterprise and the newly increased investment cost as the initial cost of the long-term equity investment. For the shares originally held by this enterprise accounted for by weighted equity method, the relevant other comprehensive income shall not be accounted for temporarily. For the equity investment accounted for as available-for-sale financial asset, the difference of its fair value and its face value and the accumulated changes in its fair value originally recorded as other comprehensive income shall be switched to the profits or losses of the current period.
The audit cost, law service cost, evaluation and consultation fees and agent commissions as well as other related administration costs occurred and borne by the merging or purchasing enterprise for the purpose of merger, shall be recorded into the profits or losses of current period at the time when the costs occurred.
Other equity investments except the long-term equity investment formed by merger of enterprises shall be initially ascertained by their costs which, depending on the different ways in acquiring the long-term equity investments, shall be recognized separately as cash purchasing prices actually paid by this enterprise, fair value of the equity securities issued by this enterprise, agreed value of the investment contracts or agreements, fair value or original book value of the assets obtained by exchange of no-monetary assets, the fair value of the long-term equity investment itself, etc. The relevant expenses, tax payments as well as other necessary expenses directly associated with obtaining the long-term equity investment shall be recorded into the investment costs as well. If this enterprise is able to do joint control or significant influence, which does not constitute control, over the invested entity as a result of additional investment, the long-term equity investment cost shall be the sum of the fair value of the equity investment ascertained in accordance with the Accounting Standards for Enterprises No. 22 - Recognition and Measurement of Financial Instrument and the cost of the increased investment.
(2) Subsequent Measurement and Recognition Method
A long-term equity investment of this enterprise that does joint control (not including joint venture) or significant influences over the invested entity shall be measured by employing the equity method. Besides, the cost method is employed in this enterprise's financial reports to measure the long-term equity investment that could form control over the invested entity.
(1)Long-term equity investment measured by employing the cost method
The price of a long-term equity investment measured by employing the cost method shall be included at its initial investment cost. If there are additional investments, the cost of the long-term equity investment shall be adjusted. Except the prices actually paid when obtaining the investment or cash dividends or profits being approved in the consideration but not yet issued, the investment income of the current period shall be recognized in accordance with the cash dividends or profits being approved by the invested entity. (2)Long-term equity investment measured by employing the equity method
If the initial cost of a long-term equity investment is more than the investing enterprise's attributable share of the fair value of the invested entity's identifiable net assets for the investment, the initial cost of the long-term equity investment may not be adjusted. If the initial cost of a long-term equity investment is less than the investing enterprise's attributable share of the fair value of the invested entity's identifiable net assets for the investment, the difference shall be included in the current profits and losses and the cost of long-term equity investment shall be adjusted simultaneously.
When employing the equity method, this enterprise shall, in accordance with the attributable share of the net profits or losses of the invested entity, recognize the investment profits or losses and adjust the book value of the long-term equity investment. This
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 enterprise shall, in the light of the profits or cash dividends declared to distribute by the invested entity, calculate the proportion it shall obtain, and shall reduce the book value of the long-term equity investment correspondingly. Where any change is made to the owner's equity other than the net profits and losses of the invested entity, the book value of the long-term equity investment shall be adjusted and included in the capital reserves. This enterprise shall, on the ground of the fair value of all identifiable assets of the invested entity when it obtains the investment, recognize the attributable share of the net profits and losses of the invested entity after it adjusts the net profits of the invested entity. If the accounting policies and accounting periods adopted by the invested entity are different from those adopted by this enterprise, an adjustment shall be made to the financial statements of the invested entity in accordance with the accounting policies and accounting periods of this enterprise and recognize the investment profits or losses and other comprehensive incomes. For the transactions between this enterprise and its joint ventures and associated entities, where the assets invested or sold do not constitute a business, the unrealized internal transaction profits or losses shall be calculated in accordance with proportion shared, with the proportion shared by this enterprise offset and recognize the investment profits or losses based thereof. However, if losses occurred in the internal transaction between the invested entities is the impairment loss of transferred assets, they shall not be offset. When the assets invested by this enterprise to its joint ventures or associated entities constitute a business, and the investing party obtains long-term equity but without control power, the fair value of the invested business shall be recognized as the initial investment cost of the additional long-term equity investment. The total difference between the original investment cost and the book face of the invested business shall be recorded into the profits or losses of the current period. If the assets purchased from the joint ventures or associated entities constitute a business, this enterprise shall account for the business in accordance with this enterprise Accounting Standard No. 20 - Business Combinations, with the total profits or losses associated with the transaction recognized.
The Company bears the net losses of its invested business to the limit of the book value of its long-term equity investment and other long-term equity that in real terms constitutes investment on the business. For additional loss of its invested business, if the Company is obligated to undertake, it shall be recognized as estimated liabilities accordingly and recorded in current investment losses. If the invested business earns profits afterwards, the Company shall reinstate and recognize its share of gains after compensating its unrecognized share of losses.
③Purchase of minority interest
While compiling consolidated financial statements, the Company adjusts its capital reserve in terms of the difference between the increase of long-term equity investments due to purchase of minority interest and its share of thesubsidiaries’ net assets since the purchase (or combination) date or dates. If its capital reserve is not sufficient to write down the difference, then the Company adjusts its retained income.
④Disposal of long-term equity investments
In consolidated financial statements, the Company records inshareholders’ equity the difference between partial disposals of its long-term equity investments in its subsidiaries and its share of thesubsidiaries’ net assets if it does not lose control of the subsidiaries; and if such partial disposals result in loss of its control of the subsidiaries, the difference shall be treated in accordance with the accounting policies related and specified in “Compiling Principles for Consolidated Financial Statements”, Note III.6.(2). For disposals of long-term equity investments under other circumstances, the difference between the book value and the actual received consideration is recorded in current profit and loss.
For the long-term equity investments calculated by equity method, the same method applies to the remaining equity after disposal. Meanwhile, the other comprehensive gains originally recorded inshareholders’ equity is treated pro rata by the same method how the invested businesses handle the accounts while directly disposing the related assets or liabilities. The investor recognizes the ownership interest due to equity changes except net profit and loss, other comprehensive gains and profit distribution, and carries it over pro rata to current profit and loss.
For long-term equity investments calculated by costs method, the same method applies to the remaining equity after disposal. Other comprehensive gains calculated and recognized by equity method or recognition and measurement principles for financial
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 instruments before the Company obtains control of the invested businesses are treated on the same basis that the invested businesses directly dispose the related assets or liabilities, and it will be carried over pro rata to current profit and loss; and among the investedbusinesses’ net assets that are calculated and recognized by equity method are all other equity changes than net profit and loss, other comprehensive gains and profit distribution carried over pro rata to current profit and loss.
For disposals of long-term investment equity resulting in loss of control over the invested businesses, when compiling individual financial statements, the Company changes to adopt equity method to calculate the remaining equity that is still sufficient to exert joint control or significant influence, and to make adjustments as since it was acquired; and if the remaining equity is not sufficient, it will be handled in accordance with the relevant recognition and measurement principles for financial instruments and the difference between its fair value and book value will be recorded in current profit and loss since the Company loses control of the invested businesses. For other comprehensive gains recognized by equity method or recognition and measurement principles for financial instruments before the Company obtains control over the invested businesses, the Company adopts the same basis to handle the accounts as the invested businesses directly dispose the related assets or liabilities, and among the investedbusinesses’ net assets that are calculated and recognized by equity method are all other equity changes than net profit and loss, other comprehensive gains and profit distribution carried over pro rata to current profit and loss. For the remaining equity calculated by equity method, other comprehensive gains and other ownership interests will be carried over pro rata while for those treated in accordance with the recognition and measurement principles for financial instruments, other comprehensive gains and other ownership interests will be carrier over entirely.
Under the circumstances that the Company loses joint control over or has no significant influence on the invested businesses due to partial equity disposal, the remaining equity changes to be calculated in accordance with the recognition and measurement principles for financial instruments, and the difference between its fare value on the date that the Company loses the joint control and significant influence and the book value is recorded in current profit and loss. For other comprehensive gains recognized due to calculation of the original equity investments by equity method, the Company adopts the equity method no longer but the same basis to handle the accounts as the invested businesses directly dispose the related assets or liabilities while carrying over to current profit and loss all the ownership interest recognized due to other equity changes than net profit and loss, other comprehensive gains and profit distribution.
If the Company gradually loses control of a subsidiary through multiple transactions, which is a package deal as a whole, then all these transactions will be treated as control losing equity disposal, and before loss of control, the difference between each transaction consideration and the book value of the corresponding long-term equity investment is recognized as other comprehensive gains and in the end, carried over to current profit and loss upon loss of control.
13 Investment real estate
The measurement mode of investment property
The measurement by the cost method
Depreciation or amortization method
Investment real estate refers to the properties held for the purpose of generating rent and/or capital appreciation. Thecompany’s investment real estate 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.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 14. Fixed assets
(1) Recognition criteria of fixed assets1
Fixed assets refer to tangible assets that are held for production, services, leases or operations and the useful life of which are over one accounting year. Fixed assets are recognized if it produces economic benefit inflows and its costs can be measured reliably. The Company makes initial measurements on fixed assets at the costs that they are acquired.
（2） Depreciation method
||||||
|-|-|-|-|-|
|||Estimated useful|||
||||Estimated residual value||
|Type|Detail|||Depreciation rate(%)|
||||rate||
|||Life|||
|||Over the period of title|||
|||(the period specified on|||
|||the real estate title|||
|House and Building|Straight-line method|certificate or land use|5.00%|3.17%|
|||right certificate) or 30|||
|||years in case of no period|||
|||of title|||
|Kiln|Straight-line method|5|5.00%|19%|
|Platinum passage|Straight-line method|3|95.50%|1.5%|
|Glass flat-panel and other|||||
||Straight-line method|15|5.00%|6.33%|
|equipment|||||
|Other Production|||||
||Straight-line method|10|5.00%|9.5%|
|equipment|||||
|Transportation|||||
||Straight-line method|5|5.00%|19%|
|equipment|||||
|Other equipment|Straight-line method|5|5.00%|19%|

（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.
15.Projects under construction
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.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 Construction in progress changes to fixed assets when it reaches the expected usable status.
16. Borrowing expenses
Borrowing expenses include interest, amortization of discount or premium, auxiliary expenses, translation differences arising from borrowings in foreign currency etc. The Company starts to capitalize the borrowing expenses in direct connection to purchase, construction or production of the assets that meet capitalization conditions when there are assets expenditures and borrowing expenses incurred and/or the Company starts all the necessary events to purchase, construct or produce such assets till the assets can be used and sold. Other borrowing expenses are recognized as costs when incurred.
The Company capitalizes the actual interest expense incurred by use of special borrowings, minus the interest income from the remaining borrowing funds in bank or any investment income earned from the interim investment of those borrowings; and for general borrowings, the amount 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.
During capitalization, all translation differences of special borrowings in foreign currency should be capitalized while those of general borrowings in foreign currency are recorded in current profit and loss.
The assets to capitalize are fixed assets, investment properties, inventories etc., which can be used or sold after a certain period of time to purchase, construct or produce.
The Company stops capitalization of borrowing costs if an abnormal interruption more than 3 consecutive months occurs during purchase, construction or production of the assets that are eligible to capitalization till all those restart.
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.
17..Intangible assets
(1) Valuation method, service life and impairment test
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 book value of such assets all in current profit and loss.
18. Impairment of the long-term assets
On balance sheet dates, the Company determines whether there are impairments occurring to fixed assets, construction in progress, intangible assets of a limited life, investment properties measured in the cost model as well as non-current and non-financial assets like the long-term equity investments on subsidiaries, joint ventures and associated companies. If impaired, the Company estimates the retrievable amount and conducts an impairment test. Impairment tests need to be done on goodwill, intangible assets of an
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 unlimited life and the intangible assets that are not yet to reach the usable status, no matter they are impaired or not.
If the impairment test result shows the retrievable amount lower than the book value, impairment provisions will be set aside and recorded in impairment loss. The retrievable amount is the fair value of the assets minus the disposal expenses or the present value of the estimated future cash flows of the assets, whichever is higher. The fair value of the assets is determined in terms of the price specified in the selling agreement that is fair trade; if no selling agreement but there is an active assets market existing, it is
determined in terms of thebuyer’s offer; and if no selling agreement and active assets market, the fair value can be estimated based on the best available information. Disposal expenses include all related legal charges, taxes, delivery fees or the direct expenses incurred to have the assets reach the usable or sellable status. To determine the present value of the estimated future cash flows from the assets, the Company chooses an appropriate discount rate in the light of the continual usage of the assets and the estimated future cash flows occurring upon final disposal. Impairment provisions of the assets are calculated and recognized on the basis of individual assets. If unable to estimate the retrievable amount of individual assets, the Company determines the amount by reference to the asset group that includes the individual assets. Asset groups are the minimum assets combination that independently produces cash inflows.
For the goodwill separately listed in financial statements, while an impairment test being conducted, the book value is apportioned to the asset groups or combination of asset groups expected to benefit from the synergy effects arising from business combinations. The Company recognizes impairment losses when the test result shows that the retrievable amount of the asset groups or combination of asset groups is lower than their book values. The impairment loss will be first used to write down the book values of the asset groups or combination of asset groups and then those of other assets pro rata.
Once the aforesaid impairment losses are recognized, they cannot be reinstated in the future.
19.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 remaining will be recorded all in current profit and loss. 20. 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 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
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 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. 21. 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 book value of the recognized liabilities.
22. 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.
23.Revenues
Income, is an enterprise formed in daily activities, will lead to an increase in shareholders' equity, the total inflow of capital has nothi ng to do with the economic interests of the owner of investment. The company involved in income, including revenue from selling go ods, income of labor ,transferring assets use right and real estate development income..
（1）Recognition time for sales of goods
After transferring the significant risks and compensation of the merchandise ownership to the buyer, the Company no longer holds the rights to manage and have control over the merchandise, and recognizes the revenue if the economic benefits arising from the related transactions can flow into the Company and all the costs and revenues related to such product sales can be measured reliably.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 (2) Services
Service transaction can be estimated reliably, meaning the following conditions are satisfied: amount of revenue can be measured reli ably; the relevant economic benefits are likely to flow into the enterprise; completion of the transaction can be measured reliably; tra nsactions 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 treated as follows: t he costs incurred are expected to be compensated, according to the amount of labor costs that have occurred service revenue is recog nized, and the same amount knot turn labor costs; the costs incurred are not expected to be compensated, labor costs should be recogn ized in profit or loss has occurred, no service revenue is recognized.
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 sale of goods as sale of goods, the pro vision 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 separately, should be part of the sale of goods and provision of services as part of th e total sales of goods.
(3) Use Rights of Assets on Alienation
Transfer of right to Use Rights of Assets on Alienation consists of interest income, fee income etc.
If the related economic benefits can flow into the Company and the revenue can be measured reliably, the amount of usage revenue will be calculated and determined according to the payment time and terms of the related contract or agreement.
(4) Construction Contracts
A construction contract is a contract for the construction of one or more of the assets in terms of design, technology and features, end -use and other closely related and approved.
Construction contracts are divided into fixed price contracts and cost-plus contracts.
A fixed price contract is to determine the price of a construction contract works in accordance with a fixed price or fixed unit price co ntract.
Cost-plus contracts, refers to the contract or otherwise agreed cost basis, plus the cost of a fixed fee or a percentage of the project to d etermine the price of a construction contract.
At the balance sheet date, shall be multiplied by the total contract revenue before completion less the cumulative amount of revenue r ecognized after the accounting period, recognized as the current contract revenue; at the same time, according to the contract multipli ed by the estimated total cost of completion less accumulated previous accounting period after the amount recognized as an expense i s recognized as current contract costs.
Current period complete a construction contract, the contract shall be in accordance with the actual total income before deducting the cumulative amount of revenue recognized after the accounting period, recognized as the current contract revenue; at the same time, a ccording to the contract costs incurred for the deductible costs previously accumulated recognized after the accounting period recogni zed as current contract costs.
If the results cannot be measured reliably but the costs can be retrieved, the revenue will be recognized at the retrievable amount of the actual construction contract costs and the costs treated as expenses when incurred; if not retrievable, the costs will also be treated as expenses and no revenue will be recognized.
（5）Income of Real Estate Development
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 Thecompany‟s real estate development products can confirm the income when meeting the follow conditions:
Both the buyer and seller sign the sales contract and the contract has been recorded ; Products of real estate development have been completed and have passed the acceptance; The company receives all of theclient‟s.
24.Governmental subsidy
(1)Basis and accounting methods for assets related government subsidies
The government grants of monetary assets shall be measured in accordance with the received or receivable amount. Of which, the grants can be measured at the receivable amount if there exists exact evidence to prove they are allocated according to the fixed quota standard, otherwise they shall be measured at the amount actually received. The government grants of non-monetary assets shall be measured at the fair value. If the fair value cannot be reliably obtained, it shall be measured according to the nominal amount of RMB 1. The government grants related to assets are recognized as the deferred incomes, which are equally distributed within the service life of related assets and account into the current profit or loss.
(2). Accounting Method
The government grants related to incomes shall be accounted into the current profit or loss if they are used to compensate for the correlative expenses or losses occurred, and shall be recognized as the deferred income and accounted into the current profit or loss during the expense confirmation period if they are used to compensate for the correlative expenses or losses occurred in the subsequent period. The government grants measured at the nominal amount shall be directly accounted into the current profit or loss. 25. Deferred income tax assets/Deferred income tax liability
The balance between the book value and the tax basis of some items of assets and liabilities, as well as the temporary differences issued as the balance between the book value 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
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 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 book value of the deferred income tax assets shall be re-checked at the balance sheet date. The book value 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.
26.Operational leasing
（1）Accounting of operational leasing
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.
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
The Company will transfer substantially all the risks and rewards of ownership of an asset lease is recognized as a finance lease. 27.Change of main accounting policies and estimations
(1)Change of main accounting policies
√ Applicable□ Not applicable
||||
|-|-|-|
|Changes in accounting policies and the reasons|Approval procedures|Remarks|
|According to the Ministry of Finance, the company implem|||
|ented the newly revised and new accounting standards issue|||
|d by companies since July 1, 2014; revised guidelines are n|||
|ot covered in this section, the company is still in the imple|||
|mentation of the relevant Ministry of Finance issued by acc|||
|ounting Standards accounting Standards application Guide|||
|since February 15, 2006, corporate accounting standards an|||
|d other relevant provisions of the Interpretation|||

① Relevant Information on the Implementation of Accounting Standards for Business Enterprises No. 2 - Long-term Equity Investment
According to the provisions of Accounting Standards for Business Enterprises No. 2 - Long-term Equity Investment, as for the
holding long-term equity investments with no controlling, co-controlling and significant influences and whose fair value cannot be
reliably measured, the Company shall account them as available-for-sale financial assets, not as the long-term equity investments,
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 and adjust them through the retroactive adjustment approach. The implementation of above-mentioned standards shall not have any influence on theCompany’s financial statements of 2013 and 2014.
②Relevant Information on the Implementation of Accounting Standards for Business Enterprises No. 30 - Presentation of Financial Statements
According to the provisions of Accounting Standards for Business Enterprises No. 30 - Presentation of Financial Statements, the Company modifies the presentation of financial statement, which comprises the following two types of presentations of other comprehensive profitable projects in the profit statement: 1. other comprehensive profitable projects that shall be re-classified into the profit or loss in the latter accounting period when the prescribed conditions are met; 2. other comprehensive profitable projects that shall not be re-classified into the profit or loss in the latter accounting period; The implementation of this standard shall not have any influence on theCompany‟s financial statements of 2013 and 2014.
③ As for business and items related to employee compensation, presentation of financial instruments, fair value measurement, arrangement for joint venture and equity in other entities, the implementation of this standard shall not have any influence on theCompany‟s financial statements of 2013 and 2014.
(2) Change of main accounting estimations
□ Applicable√ Not applicable
VI.Taxation
1.Main categories and rates of taxes
||||
|-|-|-|
|Taxes|Tax references|Applicable tax rates|
|VAT|Sales revenue|17%|
|Business tax|Income from labor service and lease|3%,5%|
|Urban construction tax|Turnover tax to be paid allowances|7%|
|Enterprises income tax|Taxable income|15%,25%|
|Educational surtax|Turnover tax to be paid allowances|5%|
|VAT|Technical services revenue|6%|

The disclosure on the rate of income tax of taxpayers in different enterprises is stated below
|||
|-|-|
|Name of Taxpayer|Rate of Income Tax|
|Dongxu Optoelectronic Technology（The Company）|15%|
|Wuhu Dongxu Optoelectronic Technology Co., Ltd.（Subsidiary）|15%|
|Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd（Subsidiary）|15%|
|Shijiazhuang Dongxu Optoelectronic Equipment Technology Co., Ltd||
||15%|
|（Sub-subsidiary）||
|Hebei Xubao Construction Installation Engineering Co., Ltd（Subsidiary）|25%|
|Shijiazhuang Baoshi Color Bulb Co., Ltd（Subsidiary）|25%|
|Wuhan Dongxu Optoelectronic Technology Co., Ltd（Subsidiary）|25%|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||
|-|-|
|Sichuan Ruiyi Construction Engineering Co., Ltd.（Subsidiary）|25%|
|Beijing Xufeng Real Estate Co., Ltd.（Subsidiary）|25%|
|Dongxu (Kunshan）Display Material Co., Ltd.（Subsidiary）|25%|
|Beijing Dongxu Investment Developement Co., Ltd.（Sub-subsidiary）|25%|
|Wuhu Ruiyi Labor Co., Ltd（Sub-subsidiary）|25%|
|Jiangsu Jixing New Material Co., Ltd. （Subsidiary）|15%|
|Beijing Xutan New Material Co., Ltd. （Subsidiary）|25%|

2.Tax Preference
① On November 6, 2012, 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 2012.
②On October 21, 2014, Wuhu Dongxu 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 2014.
③On October 14, 2013, Wuhu Dongxu 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 2013.
④On November 4, 2013, Shijiazhuang Dongxu 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 2013.
⑤On December 3, 2013, 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 2013.
VII. Notes to the major items of consolidated financial statement
1.Monetary Capital
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Cash|228,105.10|203,730.89|
|Bank deposit|4,619,439,322.84|3,025,347,655.46|
|Other|234,861,311.08|170,719,697.58|
|Total|4,854,528,739.02|3,196,271,083.93|

Other notes
Notes1：The main reason of monetary capital increase in the beginning of the period compared with that in the end of the period is
the increase of sales outstanding and bank loans.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 Notes2：The amount of restricted monetary capital of the total monetary capital in the end of the period is 376,182,494.48. Mainly for the draft of the deposit and credit.
2.Bills receivable
（1）Classification bill receivable
In RMB
||||
|-|-|-|
|Classification|Year-end balance|Year-beginning balance|
|Bank acceptance|29,503,791.25|108,214,644.05|
|Trade acceptance|75,950,678.50|341,296,034.45|
|Total|105,454,469.75|449,510,678.50|

（2）Bills transferred to accounts receivable because drawer of the Bills fails to execute the contract or agreement, and undue Bills endorsed to other parties at the end of the period.
In RMB
||||
|-|-|-|
|Items|End of the period amounts derecognition|End of the period amount unterminated|
|Bank acceptance|240,000,000.00||
|Total|240,000,000.00||

3. Account receivable
(1)Classification account receivables.
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Amount in year-end|||||Amount in year- begin|||||
||Book Balance||Bad debt provision|||Book Balance||Bad debt provision|||
|Classification|||||Book||||||
|||Proportio||Proportio|||Proportio||Proportion(|Book value|
||Amount||Amount||value|Amount||Amount|||
|||n(%)||n(%)|||n(%)||%)||
|Receivables with|||||||||||
|major individual|||||||||||
|amount and bad debt|||||||||||
|provision provided||||||14,009,||14,009,35|||
||||||||2.11%||100.00%|0.00|
|individually||||||355.59||5.59|||
|receivables with|||||||||||
|major individual|||||||||||
|amount and bad debt|||||||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|provision provided|||||||||||
|individually|||||||||||
|Account receivable||||1.12%|||||||
|with minor individual|1,131,06||12,668,3||1,118,392|649,413||10,603,71||638,809,80|
|||100.00%|||||97.89%||2.02%||
|amount but bad debt|1,037.83||48.10||,689.73|,516.18||6.08||0.10|
|provision is provided|||||||||||
||1,131,06||12,668,3|1.12%|1,118,392,689.73|663,422||24,613,07||638,809,800.10|
|Total|||||||||3.71%||
||1,037.83||48.10|||,871.77||1.67|||

 Receivable accounts with large amount individually and bad debt provisions were provided
□ Applicable√ Not applicable
Account reveivable on which bad debt proisions are provided on age basis in the group
√ Applicable□ not applicable
In RMB
|||||
|-|-|-|-|
||Balance in year-end|||
|Aging||||
||Receivable accounts|Bad debt provision|Proportion|
|Subitem within 1 year||||
|Within credit period|814,043,323.83|0.00|0.00%|
|Within 1 year after credit period|171,448,599.23|8,572,929.97|5.00%|
|Subwithin 1 year|985,491,923.06|8,572,929.97|5.00%|
|1-2 years|3,645,304.43|364,530.44|10.00%|
|2-3 years|1,035,106.59|310,531.98|30.00%|
|Over 3 years|1,179,813.91|589,906.95|50.00%|
|Over 5 years|2,830,448.76|2,830,448.76|100.00%|
|Total|994,182,596.75|12,668,348.10|12.74%|

Notes：
In the groups, accounts receivable adopting balance percentage method to withdraw bad debt provision
□Applicable√ Not applicable
In the group, Other Receivable accounts on which bad debt provisions are provided by other ways in theportfolio：
|||
|-|-|
|group Name|2015.6.30|
|other group|136,878,441.08|

（2）Accrual period, recovery or reversal of bad debts situation
The current amount of provision for bad debts is RMB2,033,555.72; recovery or payback for bad debts Amount is RMB
14,009,355.59.
Where the current bad debts back or recover significant amounts:
In RMB
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Name|Back or withdraw money|Method|
|Baoshi Calcium carbide Plant|14,009,355.59||
|Total|14,009,355.59|--|

（3）The ending balance of other 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 RMB
803,501,667.31, which accounts for71.04% of the total receivables. The total amount of closing balance for corresponding accrued bad-debt provision is RMB 7,879,948.25.
4. Payment in advance
（1）Payment in advance:age :
In RMB
||||||
|-|-|-|-|-|
||Amount in year-end||Amount in year- begin||
|Aging|||||
||Amount|Proportion(%)|Amount|Proportion(%)|
|Within 1 year|2,148,579,919.08|94.13%|2,656,787,665.73|96.63%|
|1-2 years|98,881,485.59|4.33%|83,367,492.00|3.03%|
|2-3 years|28,410,125.38|1.24%|8,514,114.31|0.31%|
|Over 3 years|6,705,282.11|0.29%|785,632.85|0.03%|
|Total|2,282,576,812.16|--|2,749,454,904.89|--|

Notes of the reasons of the prepayment ages over 1 year with significant amount but failed settled in time:
(2) Top 5 of the closing balance of the prepayment colleted according to the prepayment target
The total prepayment amount of top five closing balances collected by the objects of prepayment in the current reporting period is RMB1,298,511,728.24, which accounts for56.89% of the total closing prepayment balance.
Othernotes：
5. Other accounts receivable
(1) Other accounts receivable disclosed by category
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Amount in year-end|||||Amount in year- begin|||||
||Book Balance||Bad debt provision|||Book Balance||Bad debt provision|||
|Category|||||Book||||||
|||Proportio||Proportion(%)|||Proportio||Proportion(%)|Book value|
||Amount||Amount||value|Amount||Amount|||
|||n(%)|||||n(%)||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|Other accounts||||72.89%|||||||
|receivable that is|||||||||||
|individually|||||||||||
||72,710,7||2,977,42||69,733,36|46,223,||2,921,124||43,302,115.|
|significant for which||100.00%|||||100.00%||81.76%||
||90.05||0.23||9.82|240.76||.88||88|
|provisions for bad|||||||||||
|debts separately|||||||||||
|accrued|||||||||||
||72,710,7||2,977,42|72.89%|69,733,369.82|46,223,||2,921,124||43,302,115.88|
|Total||100.00%|||||100.00%||81.76%||
||90.05||0.23|||240.76||.88|||

 Other closing accounts receivable that is individually significant and provisions for bad debts individually.
□ Applicable√ Not applicable
In the group, other accounts receivable that provision for bad debts by aging analysis:
√ Applicable□ Not applicable
In RMB
|||||
|-|-|-|-|
||Closing balance|||
|Aging||||
||Other receivable|Bad debt provision|Proportion|
|Subitem within 1 year||||
|Subwithin 1 year|485,541.91|24,277.10|5.00%|
|1-2 years|718,105.55|71,810.55|10.00%|
|Over 5 years|2,881,332.58|2,881,332.58|100.00%|
|Total|4,084,980.04|2,977,420.23|72.88%|

 Notes of the basis of recognizing the group:
Other receivable account in Group on which bad debt provisions were provided on percentagebasis：
□Applicable√Not applicable
Other Receivable accounts on which bad debt provisions are provided by other ways in theportfolio：
√Applicable□Not applicable
|||
|-|-|
|Group name|2015.6.30|
|Other group|68,625,810.01|

(2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision during the reporting period was of RMB61,795.35；the amount of the reversed or collected part during the reporting period was of RMB5,500.00.
(3) The actual write-off other accounts receivable
In RMB
|||
|-|-|
|Items|Amount|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||
|-|-|
|Rui Dingwen|11,025.00|
|Han Chong|1,565.50|
|Liu Yanwei|3,691.82|
|Wang Sen|2,000.00|

 (4) Other accounts receivable classified by the nature of accounts
In RMB
||||
|-|-|-|
|Nature|Amount in year-end|Amount in year- begin|
|Capital intercourse|26,284,314.48|1,580,870.75|
|Guarantee|9,216,366.75|11,568,937.50|
|Personal official borrowing|4,224,697.91|3,147,658.48|
|Deposit|18,116,439.08|21,237,660.36|
|Persona Returnable Insurance|1,215,518.00|767,164.60|
|Export tax refunds|1,353,433.21|653,753.38|
|Power cost|299,905.00|448,544.45|
|Pretty cash|6,051,991.25|4,151,934.92|
|Other|5,948,124.37|2,666,716.32|
|Total a|72,710,790.05|46,223,240.76|

（5）The ending balance of other receivables owed by the imputation of the top five parties
In RMB
|||||||
|-|-|-|-|-|-|
||||||The closing balance|
|||Amount in||||
|Name|Nature||Aging|Proportion|of bad debts|
|||year-end||||
|Wuhu Economic and Technol||||||
|ogical Development Zone Fin|Guarantee|9,978,000.00|1-2 years|13.72%||
|ance Bureau||||||
|Kunshan Land Resources||||||
||Guarantee|9,000,000.00|Within 1 year|12.38%||
|Bureau||||||
|Changan International Trust||||||
||Other|5,000,000.00|Within 1 year|6.88%||
|Co., Ltd.||||||
|China Electronics Import &||||||
||Deposit|3,902,067.00|2~3 years|5.37%||
|Export Corporation||||||
|Wuhu Municipal Bureau of|Other|1,772,000.00|Within 1 year|2.44%||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||
|-|-|-|-|-|
|human and social security|||||
|Total|--|29,652,067.00|--|40.78%|

6．Inventory
（1）Inventory types
In RMB
||||||||
|-|-|-|-|-|-|-|
||Year-end balance|||Year-beginning balance|||
|Items|||||||
|||Provision for bad|||Provision for bad||
||Book Balance||Book value|Book Balance||Book value|
|||debts|||debts||
|Raw materials|287,433,509.56||287,433,509.56|382,245,773.22||382,245,773.22|
|Processing|||||||
||26,945,438.68||26,945,438.68|10,388,557.26||10,388,557.26|
|products|||||||
|Stock goods|54,970,646.43||54,970,646.43|117,526,116.51||117,526,116.51|
|Construction cont|||||||
|ract has been com|||||||
||19,129,883.78||19,129,883.78|2,622,252.99||2,622,252.99|
|pleted unsettled a|||||||
|ssets|||||||
|Development cost|880,105,653.65||880,105,653.65||||
|Pruchase Material|52,955.23||52,955.23|71,386.81||71,386.81|
|Total|1,268,638,087.33||1,268,638,087.33|512,854,086.79||512,854,086.79|

 (2) Completed unsettled assets formed from the construction contact at the period-end
In RMB
|||
|-|-|
|Items|Amount|
|Accumulated Incurred Cost|378,574,247.23|
|Accumulated Confirmed Gross Profit|96,153,023.10|
|Settlement Amount|455,597,386.55|
|Unliquidated Completed Assets Formed in the Construction|19,129,883.78|
|Contract||

7. Other current assets
InRMB元
||||
|-|-|-|
|Items|Closing balance|Opening balance|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Prepaid or pending certified taxes|539,235,123.60|452,571,217.34|
|USD exchange|58,000,000.00|58,000,000.00|
|Total|597,235,123.60|510,571,217.34|

 8. Long-term equity investment
In RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||Increase/decrease||||||||||
||||||||||||Closing|
||||||Adjustme|||||||
||||||||Cash|Withdraw|||balance|
|||||Gains/los|nt of|||||||
||Opening|Add|Investme|||Chinges|bonus or|al of||Closing|of|
|Investees||||||||||||
|||||s of|other|||||||
||balance|investmen|nt|||of other|profits|impairme|Other|balance|impairme|
|||||Investme|comprehe|||||||
|||t|decreased|||eqiuty|announce|nt|||nt|
|||||nt|nsive|||||||
||||||||d to issue|provision|||provision|
||||||income|||||||
|I. Joint ventures||||||||||||
|II. Associated enterprises||||||||||||
|Zhongda||||||||||||
|Chengxi||||||||||||
|n||||||||||||
|||72,000,00||-28,077.7||||||71,971,92||
|Internati||||||||||||
|||0.00||4||||||2.26||
|onal||||||||||||
|Commer||||||||||||
|ce Co.,||||||||||||
|Ltd.||||||||||||
|||72,000,00||-28,077.7||||||71,971,92||
|Subtotal||||||||||||
|||0.00||4||||||2.26||
|||72,000,00||-28,077.7||||||71,971,92||
|Total||||||||||||
|||0.00||4||||||2.26||

9. Fixed assets
(1) List of fixed assets
In RMB
|||||||
|-|-|-|-|-|-|
|||Machinery||||
|Items|House, building||Transportations|Other equipment|Total|
|||eqiupment||||
|I. Original price||||||
|1. Balance at|400,561,184.46|1,841,829,150.26|18,131,237.03|20,298,122.24|2,280,819,693.99|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||
|-|-|-|-|-|-|
|period-beginning||||||
|2.Increase in the||||||
||80,591,855.12|802,484,652.80|2,756,652.68|6,887,709.40|892,720,870.00|
|current period||||||
|(1) Purchase|||2,388,441.86|5,103,667.06|7,492,108.92|
|（2）Inventory\Fixed||||||
|assets\ Transferred||||||
||182,500.00|547,167,234.98||106,238.46|547,455,973.44|
|from construction in||||||
|progress||||||
|(3)Increased of||||||
||80,409,355.12|255,383,820.05|368,210.82|1,611,401.65|337,772,787.64|
|Enterprise||||||
|Combination||||||
|(4)Investors||-66,402.23||66,402.23||
|3.Decreased amount||||||
||||171,250.00|4,145.30|175,395.30|
|of the period||||||
|（1）Dispose|||171,250.00|4,145.30|175,395.30|
|4. Balance at||||||
||481,153,039.58|2,644,313,803.06|20,716,639.71|27,181,686.34|3,173,365,168.69|
|period-end||||||
|II.Accumulated||||||
|amortization||||||
|1.Opening balance|147,890,021.36|162,989,018.66|5,330,308.12|5,812,045.35|322,021,393.49|
|2.Increased amount||||||
||9,818,928.69|107,194,650.12|2,440,250.50|2,537,353.50|121,991,182.81|
|ofthe period||||||
|(1) Withdrawal|4,975,597.42|62,190,431.26|2,263,230.95|1,853,652.44|71,282,912.07|
|(3)Increased of||||||
|Enterprise|4,843,331.27|45,004,218.86|177,019.55|683,701.06|50,708,270.74|
|Combination||||||
|3.Decrease in the||||||
||||124,541.56|2,803.17|127,344.73|
|reporting period||||||
|（1）Disposal|||124,541.56|2,803.17|127,344.73|
|4.Closing balance||||||
|III. Impairment||||||
|provision||||||
|1.Opening balance||36,444.84||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||
|-|-|-|-|-|-|
|2.Increase in the||||||
|reporting period||||||
|（1）Withdrawl||||||
|3.Decrease i the||||||
|reporting period||||||
|（1）Disposal||||||
|4. Closing balance||36,444.84||||
|IV. Book value||||||
|1.Book value ofthe||||||
||323,444,089.53|2,374,093,689.44|13,070,622.65|18,835,090.66|2,729,443,492.28|
|period-end||||||
|2.Book value of the||||||
||252,671,163.10|1,678,803,686.76|12,800,928.91|14,486,076.89|1,958,761,855.66|
|period-begin||||||

(2) Details of fixed assets failed to accomplish certification of property
In RMB
||||
|-|-|-|
|Items|Book value|Reason|
|301#Office building|20,759,370.56|Processing|
|101#Main production plant|86,056,022.21|Processing|
|103 Water stations, waste water treatment|||
||9,744,584.39|Processing|
|station|||
|106# Integrated power station|12,405,589.12|Processing|
|110KVTransformer substation|4,648,869.27|Processing|
|401#Shift dormitory|21,394,671.32|Processing|
|Total l|155,009,106.87||

Other notes
Note 1: The increase of original value and others of fixed asset is caused by adjustment for types of thecompany‟s asset; The increase of consolidation is caused by the adding of the subsidiary Jiangsu Jixing New Materials Co., Ltd.
Note 2: The main reason of the increase of the fixed asset at the end of period compared to the beginning of period is that LCD glass substrate turned into fixed asset and the acquisition of the subsidiary Jiangsu Jixing New Materials Co., Ltd. increased.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 10. Project under construction
(1)Project under construction
In RMB
||||||||
|-|-|-|-|-|-|-|
||Year-end balance|||Year-beginning balance|||
|Items|Book balance|Provision for|Book value|Book balance|Provision for|Book value|
|||devaluation|||devaluation||
|LCD glasssubstrateproduction lineproject|||||||
||2,070,906,692.41||2,070,906,692.41|2,008,412,102.91||2,008,412,102.91|
|Plant|39,523,012.05||39,523,012.05|37,317,530.31||37,317,530.31|
|KunshanColorfilm Project|||||||
||3,115,125.78||3,115,125.78||||
|Sapphirecrystalsultivation and|||||||
|processing of|18,575,969.65||18,575,969.65||||
|prodection lineeqiupment|||||||
|Total|2,132,120,799.89||2,132,120,799.89|2,045,729,633.22||2,045,729,633.22|

 (2) Changes of significant construction in progress
In RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||Openingbalance||||||||Including:capitalization ofiinterestthisperiod|||
|||||Transferr|||||||Capitaliz||
||||||||||Capitaliz|||Source|
|Name of||||ed to|Other|End|Proporti|Project|||ation of||
||Budget||Increase||||||ation of|||of|
|project||||fixed|decrease|balance|on %|process|||nterest||
||||||||||interest|||funding|
|||||assets|||||||rate (%)||
|LCD||||||||||93,896,579.90|||
|glass|||||||||||||
|substrate|7,576,52|2,008,41|609,244,|546,750,||2,070,90|||358,821,|||Financin|
||||||||58.31%|34.55%|||||
|producti|0,000.00|2,102.91|730.48|140.98||6,692.41|||877.25|||g|
|on line|||||||||||||
|project|||||||||||||
|Plant|40,000,0|37,317,5|2,205,48|||39,523,0|93.29%|98.81%||||Self and|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||00.00|30.31|1.74||12.05|||||Loan|
|Kunshan|||||||||||
|Color|3,115,50||3,115,12||3,115,12|||||Self and|
|film|0,000.00||5.78||5.78|||||loan|
|Project|||||||||||
|Sapphire|||||||||||
|crystal|||||||||||
|sultivati|||||||||||
|on and|||||||||||
|process|44,630,0||19,281,8|705,832.|18,575,9|||||Self and|
|ing of|00.00||02.11|46|69.65|||||loan|
|prodect|||||||||||
|ion line|||||||||||
|eqiupm|||||||||||
|ent|||||||||||
||10,776,6||||||||||
|||2,045,729,633.22|633,847,|547,455,|2,132,12|||358,821,|93,896,579.90||
|Total|50,000.0|||||--|--|||--|
||||140.11|973.44|0,799.89|||877.25|||
||0||||||||||

11. Engineering Material
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Special Equipment|128,287,454.02|22,086,763.66|
|Special tools|||
|Special material|9,497.11|8,322.76|
|Total|128,296,951.13|22,095,086.42|

 Othernotes：
12. Intangible assets
（1）Information
In RMB
||||||||
|-|-|-|-|-|-|-|
|||||Proprietary|Acquistition|Total|
|Items|Land use right|Patent|Non-patents||||
|||||technology|software||
|I. Original price|||||||
|1. Balance atperiod-beginning|||||||
||230,419,457.00||||1,266,932.90|231,686,389.90|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||
|-|-|-|-|-|-|
|2.Increase in the||||||
||64,918,682.23|1,661,547.60|4,500,000.00|223,944.53|71,304,174.36|
|current period||||||
|(1) Purchase||||73,517.17|73,517.17|
|（ 2 ）||||||
|Inventory\Fixed||||||
|assets\ Transferr||||||
|ed from construct||||||
|ion in progress||||||
|(3)Increased of||||||
||64,918,682.23|1,661,547.60||150,427.36|66,730,657.19|
|Enterprise||||||
|Combination||||||
|(4)Investors|||4,500,000.00||4,500,000.00|
|3.Decreased||||||
|amount of the||||||
|period||||||
|（1）Dispose||||||
|4. Balance at||||||
||295,338,139.23|1,661,547.60|4,500,000.00|1,490,877.43|302,990,564.26|
|period-end||||||
|II.Accumulated||||||
|amortization||||||
|1.Opening||||||
||10,858,603.88|||182,028.96|11,040,632.84|
|balance||||||
|2.Increased||||||
|amount ofthe|7,048,700.20|1,661,547.60|56,250.00|192,776.78|8,959,274.58|
|period||||||
|(1) Withdrawal|2,740,714.18|138,462.30|56,250.00|103,745.38|3,039,171.86|
|(3)Increased of||||||
|Enterprise|4,307,986.02|1,523,085.30||89,031.40|5,920,102.72|
|Combination||||||
|3.Decrease in the||||||
|reporting period||||||
|（1）Disposal||||||
|4.Closing balance|17,907,304.08|1,661,547.60|56,250.00|374,805.74|19,999,907.42|
|III. Impairment||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||
|-|-|-|-|-|
|provision|||||
|1.Opening|||||
|balance|||||
|2.Increase in the|||||
|reporting period|||||
|（1）Withdrawl|||||
|3.Decrease i the|||||
|reporting period|||||
|（1）Disposal|||||
|4. Closing|||||
|balance|||||
|IV. Book value|||||
|1.Book value|||||
||277,430,835.15|4,443,750.00|1,116,071.69|282,990,656.84|
|ofthe period-end|||||
|2.Book value of|||||
||219,560,853.12||1,084,903.94|220,645,757.06|
|the period-begin|||||

13.R&D expenses
In RMB
||||||
|-|-|-|-|-|
||Opening|||Closing|
|Items||Increase|Decrease||
||balance|||balance|
|Isostatic|||||
|reaction|||||
|||5,152,304.66||5,152,304.66|
|sintering SiC|||||
|project|||||
|A glass|||||
|substrate|||||
|having a|||||
|guide means|||||
|||2,464,567.58||2,464,567.58|
|washing|||||
|machine|||||
|transmission|||||
|plant project|||||
|Raw material|||||
|||1,833,871.15||1,833,871.15|
|research and|||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|application|||
|projects to|||
|improve the|||
|amount of|||
|broken glass|||
|New glass|||
|cutting|||
|chopping|4,812,698.89|4,812,698.89|
|mechanism|||
|project|||
|Kiln brace|||
|self-locking|||
|mechanism|||
||5,462,801.36|5,462,801.36|
|design and|||
|application|||
|projects|||
|R & D and|||
|application|||
|projects|4,249,923.62|4,249,923.62|
|CMEC|||
|system|||
||23,976,167.2|23,976,167.2|
|Total|||
||6|6|

 14.Long-term amortization expenses
In RMB
|||||||
|-|-|-|-|-|-|
||Balance in|Increase at this|Amortization at|||
|Items||||Decrease|Balance in year-end|
||year-begin|period|this period|||
|Operating lease asset||||||
|s improvement expe|14,106,796.67|3,154,540.94|2,353,818.77||14,907,518.84|
|nses||||||
|Total|14,106,796.67|3,154,540.94|2,353,818.77||14,907,518.84|

 15. Deferred income tax assets and deferred income tax liability
(1) Details of the un-recognized deferred income tax assets
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-begin|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||
|-|-|-|-|-|
||Temporarily Deductable|Deferred Income Tax|Temporarily Deductable|Deferred Income Tax|
||or Taxable Difference|Assets|or Taxable Difference|Assets|
|Assets devaluation|||||
||15,570,437.83|2,501,759.99|20,111,210.46|3,085,565.86|
|provision|||||
|Not realized the internal|||||
||787,973,192.80|118,195,978.92|628,965,896.93|94,344,884.54|
|profit|||||
|Deductible loss|149,856,876.79|22,478,531.52|57,465,552.78|8,619,832.91|
|Deferred income|||||
||34,278,077.80|5,141,711.67|||
|defference|||||
|Depredation Defference|34,594,929.67|5,189,239.45|||
|Total|1,022,273,514.89|153,507,221.55|706,542,660.17|106,050,283.31|

（2）Deferred income tax assets and liabilities are presented as net amount after neutralization
In RMB
||||||
|-|-|-|-|-|
||||Deferred Income Tax|Temporarily Deductable|
||Deferred Income Tax|Temporarily Deductable|||
||||Assets or Liabilities at|or Taxable Difference at|
|Items|Assets or Liabilities at|or Taxable Difference at|||
||||the Beginning of Report|the Beginning of Report|
||the End of Report Period|the End of Report Period|||
||||Period|Period|
|Deferred income tax||153,507,221.55||106,050,283.31|

 (3) List of unrecognized deferred income tax assets
In RMB
||||
|-|-|-|
|Items|Closing amount|Opening amount|
|Deductible losses|7,050,673.20|4,260,364.76|
|Bad debt provision|75,330.50|7,422,986.09|
|Impairment of fixed assets|36,444.84|36,444.84|
|Total|7,162,448.54|11,719,795.69|

 (4) Deductible losses of unrecognized deferred income tax assets will due the following years
In RMB
|||||
|-|-|-|-|
|Year|Closing amount|Opening amount|Notes|
|2016||||
|2017|1,360,570.52|1,360,570.52||
|2018|15,649.80|15,649.80||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||
|-|-|-|-|
|2019|2,884,144.44|2,884,144.44||
|2020|2,790,308.44|||
|Total|7,050,673.20|4,260,364.76|--|

16. Short-term loan
（1）Categories of short-term loans
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Pledge loan|236,900,000.00|48,900,000.00|
|Mortgage loan|79,300,000.00||
|Guarantee loan|2,220,000,000.00|1,240,000,000.00|
|Credit loan|100,052,500.00||
|Total|2,636,252,500.00|1,288,900,000.00|

 Notes1：Compared to the beginning of period, the short-term loan increased at the end of period is mainly by reason of the requirement of production& management and asset invested ,which resulted in the increase of loan.
Notes2： The mortgage loan at the end of period is 79.3 million RMB, the subsidiary Jiangsu Jixing New Materials Co., Ltd. acquires the mortgage loan with own house property(house property certificate: Yangfang Zi No.81800980, Yangfang Zi
No.81800981, Yangfang Zi No.81800982) and land use right ( Yangguo Yong No.10483(2011), Yangguo Yong No. 10484(2011), Yangguo Yong No. 10486(2011), Yangguo Yong No. 10487(2011)). Zhenjiang Huantai Silicon Technology Co., Ltd. provides pledge to Jiangsu Jixing New Materials Co., Ltd. with its own house property and land use right, which Yangzhong City Construction Investment and Development Corporation provides guarantee.
Notes3：The guaranteed loan amount at the end of the period is RMB 2220 million, of which: Dongxu Group Co., Ltd. provides joint guarantee of RMB680 million to the company, Dongxu Group Co., Ltd. provides guarantee of RMB 200 million to company, meanwhile, Zhengzhou Xufei Optoelectronic Technology Co., Ltd. provides pledge of RMB200 million to the company, of whose pledge is receivables; Li Zhaoting provides guarantee of RMB 600 million to company; Dongxu Group Co., Ltd., Li Zhaoting and Li Qings provide guarantee of RMB 400 million to the company, meanwhilie, thecompany‟s shareholder Shijiazhuang Baoshi Electronics Group Co., Ltd. provides pledge of RMB 33.5 million of its holding shares; The company provides guarantee of RMB 150 million to the subsidiary Wuhu Dongxu Optoelectronic Technology Co., Ltd.; The company provides guarantee of RMB50 million to the subsidiary Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd.; Wuhu Economic and Technological Development Zone Construction Investment Co., Ltd provides guarantee of RMB 165 million to the subsidiary Wuhu Dongxu Optoelectronic Technology Co., Ltd.; Wuhu Economic and Technological Development Zone Construction Investment Co., Ltd provides guarantee of RMB 175 million to the subsidiary Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd.
Notes4：The pledge of the pledge loan is RMB 250 milllion ofthe fixed deposit receipts.
17. .Bills payable
In RMB
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Type|At end of term|At beginning of term|
|Bank acceptance|334,000,000.00|280,000,000.00|
|Total|334,000,000.00|280,000,000.00|

 18.Account payable
（1）Account payable
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Engineering fund|156,520,078.74|122,030,389.98|
|Material fund|132,675,694.31|52,824,802.87|
|Equipment fund|37,944,646.49|57,538,236.85|
|Total|327,140,419.54|232,393,429.70|

（2）Significant accounts payable that aged over one year
In RMB
||||
|-|-|-|
|||The reason for not repaid or carried f|
|Items|Balance in year-end||
|||orward|
|||Not reached the agreed payment terms and|
|Shenzhen Junli Industry Co., Ltd.|26,284,388.25||
|||deadlines|
|Sichuan Yilong Construction Co., Ltd.||Not reached the agreed payment terms and|
||13,382,220.00||
|Kezhou Branch||deadlines|
|Shijiazhuang Baoshi VacuumGlass Co.,||Not reached the agreed payment terms and|
||5,533,363.79||
|Ltd.||deadlines|
|Total|45,199,972.04|--|

Othernotes：
19.Advance account
（1）Advance account
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Goods|48,434,563.33|90,225.70|
|Engineering fund|29,915,416.18|22,292,047.77|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Total|78,349,979.51|22,382,273.47|

 (2) Information of unliquidated completed assets formed in the construction contract at the end of the period
In RMB
|||
|-|-|
|Items|Amount|
|Accumulated Incurred Cost|378,574,247.23|
|Accumulated Confirmed Gross Profit|96,153,023.10|
|Settlement Amount|455,597,386.55|
|Unliquidated Completed Assets Formed in the Construction||
||19,129,883.78|
|Contract||

Othernotes：
Notes1：In the end of the period, No More than due within 1 year of age of payment in advance .
Notes2：the main reason of prepayment increase in the end of the period compared with that in the beginning of the period is the prepayment increase
20. Payroll payable
(1) List of Payroll payable
In RMB
||||||
|-|-|-|-|-|
|Items|Balance in year-begin|Increase at this period|Decrease at this period|Balance in year-end|
|I.|||||
||23,202,085.31|190,591,590.88|183,197,629.11|30,596,047.08|
|Short-term remuneration|||||
|II.|||||
|Post-employment benefit|||||
||543,679.18|11,659,515.68|11,959,250.90|243,943.96|
|s - defined contribution p|||||
|lans|||||
|Total|23,745,764.49|202,251,106.56|195,156,880.01|30,839,991.04|

（2）Short-term remuneration
In RMB
||||||
|-|-|-|-|-|
|Items|Balance in year-begin|Increase at this period|Decrease at this period|Balance in year-end|
|1.Wages, bonuses,|||||
||16,021,929.52|159,324,828.74|151,791,747.12|23,555,011.14|
|allowances and subsidies|||||
|2.Employee welfare|10,040.00|16,784,218.49|16,785,328.29|8,930.20|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||
|-|-|-|-|-|
|3. Social insurance|||||
||520,694.42|6,444,681.99|6,781,952.27|183,424.14|
|premiums|||||
|Including：Medical|||||
||230,899.54|5,805,556.40|5,861,037.06|175,418.88|
|insurance|||||
|Work injury insurance|282,919.24|312,002.96|591,809.20|3,113.00|
|Maternity insurance|6,875.64|327,122.63|329,106.01|4,892.26|
|4. Public reserves for|||||
||1,419,886.63|4,206,736.29|5,221,879.25|404,743.67|
|housing|||||
|5.Union funds and staff|||||
||4,031,695.84|3,354,011.96|976,140.18|6,409,567.62|
|education fee|||||
|Other|1,197,838.90|477,113.41|1,640,582.00|34,370.31|
|Total|23,202,085.31|190,591,590.88|183,197,629.11|30,596,047.08|

（3）Defined contribution plans listed
In RMB
||||||
|-|-|-|-|-|
|Items|Balance in year-begin|Increase at this period|Decrease at this period|Balance in year-end|
|1. Basic old-age|||||
||481,337.35|11,025,912.21|11,272,213.01|235,036.55|
|insurance premiums|||||
|2.Unemployment|||||
||62,341.83|633,603.47|687,037.89|8,907.41|
|insurance|||||
|Total|543,679.18|11,659,515.68|11,959,250.90|243,943.96|

 Other notes:
21. Taxes payable
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|VAT|49,837,544.76|9,247,682.59|
|Business Tax|11,650,551.79|6,936,257.84|
|Enterprise Income tax|86,340,073.24|87,006,009.38|
|Individual income tax|9,948,289.45|1,386,232.05|
|City Construction tax|4,285,597.59|1,007,109.51|
|Educational surtax|3,008,295.34|613,437.48|
|House property tax|2,206,698.29|1,730,669.03|
|Stamp tax|135,022.11|204,847.64|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Other|160,637.30|30,500.99|
|Land use tax|918,622.00|757,712.65|
|Total|168,491,331.87|108,920,459.16|

 Other notes:
22. Interest payable
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Enterprise bond interest|6,666,666.67||
|Total|6,666,666.67||

23. Dividends payable
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Minority shareholders of a subsidiary divid|||
|||30,000,000.00|
|ends|||
|Total||30,000,000.00|

 24. Other accounts payable
(1) Other accounts payable listed by nature of the account
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Current account|24,603,652.70|22,989,721.83|
|Deposit|9,572,417.93|10,112,118.72|
|Individual offical borrowing|18,621,514.23|16,658,466.88|
|Deposit|533,800.00|739,230.00|
|Social secutity withholding|114,700.28|153,034.22|
|Engineering fund|5,519,799.70|1,617,175.91|
|Equipment fund|6,065,857.97|6,065,857.97|
|Material fund|3,414,402.73|564,774.31|
|Other|7,759,215.41|10,366,744.55|
|Total|76,205,360.95|69,267,124.39|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 (2) Other significant accounts payable with aging over one year
In RMB
||||
|-|-|-|
|Items|Closing balance|Unpaid/un-carry-over reason|

 Other notes:
Aged over one year Other payables of RMB 64,768,071.44 mainly for contract deposit and current models 25.Non-current liabilities due within 1 year
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Long –term due within 1 year|416,000,000.00|268,000,000.00|
|Total|416,000,000.00|268,000,000.00|

 Othernotes：
26.Other current liabilities
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|USD exchange|61,190,000.00|61,190,000.00|
|Government grants projects|2,497,933.33|2,497,933.33|
|Total l|63,687,933.33|63,687,933.33|

 Other explanation：
Notes1：Government grants projects
|||||||
|-|-|-|-|-|-|
|Items|Balance inyear-begin|New grantsamount of thisperiod|The non-operatingrevenue amount ofthis period|Balance in year-end|Income related toassets|
|Environmental protectionsubsidy for Phase-II GlassTube Project|20,000.00|10,000.00|10,000.00|20,000.00|Related to assets|
|Government support funds|2,244,600.00|1,122,300.00|1,122,300.00|2,244,600.00||
|Grant of IndustryRevitalization and TechnologyReconstruction Project|233,333.33|116,666.64|116,666.64|233,333.33||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||
|-|-|-|-|-|
|Total|2,497,933.33|1,248,966.64|1,248,966.64|2,497,933.33|

Notes2：In 1993,the Group signed the agreement on exchange of US dollars which agreed returning 10,000,000 US dollars to the Exchange Unit and repossess the RMB 58,000,000 exchanged in November 1998, As of June 30, 2015, the Group still consults with the Exchange Unit on the returning of the exchange.
27. Long-term loan
(1) Category of long-term loan
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Pledge loan|4,020,000,000.00|3,840,000,000.00|
|Credit loan|200,000,000.00||
|Add：Long-term due twithin 1 yaar|-416,000,000.00|-268,000,000.00|
|Total|3,804,000,000.00|3,572,000,000.00|

 Notes：
Notes1：Mortgage loan of RMB 4,020,000,000.00 is both mortgage loan and guaranteed loan and the amount of transferred non-current liability payable within one year is RMB416,000,000.00. Of which:
(1) The mortgage and guarantor of loan of RMB 680,000,000.00are（:a、a. Mortgage of state-owned land employment right covering 202 mu (0.1346667km²) and workshops after the project is completed by Wuhu Dongxu Optoelectronic Technology Co., Ltd., and mortgage guarantee is provided by 2 precious metal platinum channels; b. the loan guarantor is Wuhu Construction Investment Co., Ltd.
(2) The collateral and guarantor for the loan valuing 2,200,000,000.00 yuan are: a. 8 precious metal platinum channels owned by Wuhu Dongxu Optoelectronic Technology Co., Ltd. as mortgage guarantee; b. the entire joint liability guarantee provided by Dongxu Optoelectronic Technology Co., Ltd. to its subsidiary Wuhu Dongxu Optoelectronic Technology Co., Ltd.
(3) The collateral and guarantor for the loan valuing 500,000,000.00 yuan are: a. mortgage of land-use right of Wuhu Development (Industrial) State-owned Land Employment Right 2013 No. 020, Wuhu Development (Industrial) State-owned Land Employment Right 2013 No. 021 and Wuhu Development (Industrial) State-owned Land Employment Right 2014 No. 008 owned by Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd.; b. the entire joint liability guarantee provided by Dongxu Optoelectronic Technology Co., Ltd. to its subsidiary Wuhu Dongxu Optoelectronic Technology Co., Ltd.
(4) The collateral, hostage and guarantor for the loan valuing 640,000,000.00 yuan are: a. the pledger is Beijing Xufeng Real Estate Co., Ltd. and the collateral is the land use rights covering 21,137.723 m2 owned by Beijing Xufeng Prperty Co., Ltd.; b. the pledgor is Dongxu Optoelectronic Technology Co., Ltd., and the hostage is the100% equity of Beijing Xufeng Real Estate Co., Ltd. which is the wholly-owned subsidiaries of the company; c. Dongxu Group, Li Zhaoting and Li Qing provide guarantee for Dongxu Optoelectronic Technology Co., Ltd.
Notes 2: The company has no overdue long-term loans.
Other notes including interest rate range:
Notes 3:The annual interest rates of long-term loans are normally6%--6.55%, and the annual interest rate of the loan valuing 0.64
billion yuan is12.5%.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 28. Bonds payable
(1) Bonds payable
In RMB
||||
|-|-|-|
|Items|Closing balance||
|15 Dongxu Bonds|987,254,616.00|0.00|
|Total|987,254,616.00||

(2) Changes on bonds payable (not including other financial instrument classified as preferred stock andperpetual capital securities of financial liabilities)
In RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Overflow||||
|||||||The|Withdraw||Pay in|||
|Name of|Book|||Issue|Opening|||discount||Interest|Closing|
|||Issue date|Period|||current|interest at||current|||
|the bond|value|||amount|bslance|||amortizati||payable|period|
|||||||issue|par||period|||
|||||||||on||||
||1,00|||||||||||
|15||||||||||||
||0,00|2015-5-1||1,000,000||1,000,000|6,666,666|-12,745,3|||987,254,6|
|Dongxu|||5 years||0.00|||||||
||0,00|9||,000.00||,000.00|.67|84.00|||16.00|
|Bond||||||||||||
||0.00|||||||||||

(3) Note to conditions and time of share transfer of convertible bonds
Note to other financial instrument classified as financial liabilities
Basic information of preferred stock, perpetual capital securities and other financial instruments outstanding issued at period-end Change list of preferred stock, perpetual capital securities and other financial instruments outstanding issued at period-end
Other notes:
Note: Deliberated and approved by the 21st Meeting of the 7th Board of Directors of Dongxu Optoelectronic and the 3rd Extraordinary General Meeting in 2014 and authorized by Document No.[2015] 635 approved by China Securities Regulatory Commission (CSRC), the company issued public bonds valuing 1 billion yuan on May 19, 2015 at the price of 100 yuan per share. The issuance was carried out in the way of online issuing to the social public investors and offline inquiry and sales to the institutional investors. The final issuing result is 1 billion yuan for 5 years and the bond duration is 5 years. Theissuers‟ option of increasing nominal interest rate andinvestors‟ option of resale have been provided in the end of 3rd year at the rate of6%. The nominal interest rate of bonds issued this time will remain the same in the first 3 years within the duration. When the company exercises the option of increasing nominal interest rate, the nominal interest rate of bonds which have not been resold in the final 2 years of the duration will be the nominal interest rate in the first 3 years added with increased points, and the interest rate in the final 2 years of the duration will remain the same. If the company does not exercise the option of increasing nominal interest rate, the nominal interest rate of
bonds which have not been resold in the final 2 years of the duration will remain the same, the total amount of raised funds is 1
billion yuan and the payment of interest will be carried out once per year.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 29.Deferred income
In RMB
|||||||
|-|-|-|-|-|-|
||Balance in|Increase at this|Decrease at this|||
|Items||||Balance in year-end|Reason|
||year-begin|period|period|||
|Govemment Subsidy|33,064,111.11||1,248,966.64|31,815,144.47||
|Total|33,064,111.11||1,248,966.64|31,815,144.47|--|

Liabilities related to government subsidy:
In RMB
||||||||
|-|-|-|-|-|-|-|
||||The||||
||Balance at the|New grants|||||
||||non-operating||Balance at the|Income related to|
|Liabilities|beginning of|amount of this||Other changes|||
||||revenue amount||end of period|assets|
||period|period|||||
||||of this period||||
|Grant of|||||||
|Government|29,928,000.00|||-1,122,300.00|28,805,700.00|Related to assets|
|Infrastructure|||||||
|Grant of|||||||
|Glass-tube|||||||
|Secondary|25,000.00|||-10,000.00|15,000.00|Related to assets|
|Environmental|||||||
|Protection|||||||
|Grant of Industry|||||||
|Revitalization|||||||
|and Technology|3,111,111.11|||-116,666.64|2,994,444.47|Related to assets|
|Reconstruction|||||||
|Project|||||||
|Total|33,064,111.11|||-1,248,966.64|31,815,144.47|--|

 30.Stock capital
In RMB
|||||||||
|-|-|-|-|-|-|-|-|
|||Increase/decrease this time (+ , - )||||||
||Balance||||||Balance|
|||Issuing of new||Transferred||||
||Year-beginning||Bonus shares||Other|Subtotal|year-end|
|||share||from reserves||||
|Total of capital|2,662,080,001.00||||||2,662,080,001.00|
|shares||||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 31. Capital reserves
In RMB
||||||
|-|-|-|-|-|
|Items|Year-beginning balance|Increase in current|Decrease in current|Year-end balance|
|Share premium|2,888,444,542.98|3,464,565.30||2,891,909,108.28|
|Other|31,522,375.26|||31,522,375.26|
|Total|2,919,966,918.24|3,464,565.30||2,923,431,483.54|

 Other notes, including changes and reason of change:
Notes：Change of capital reserve: Owning to the equity incentive, the amortized expense increased RMB3,186,600 of capital reserve; The company provided capital increase to the subsidiary Dongxu(Kunshan) Display Materials Co., Ltd. at the current period, which resulted in the increase of RMB 277,965.30 of capital reserve.
32. Surplus reserve
In RMB
||||||
|-|-|-|-|-|
|Items|Year-beginning balance|Increase in the current|Decrease in the current|Year-end balance|
|||period|period||
|Statutory surplus reserve|66,158,108.81|||66,158,108.81|
|Total|66,158,108.81|||66,158,108.81|

 33. Retained profits
In RMB
||||
|-|-|-|
||Amount of current period|Amount of previous period|
|Items|||
|Before adjustments: Retained profits in last periodend|||
||788,527,477.96|-53,394,384.81|
|After adjustments: Retained profits at the periodbeginning|788,527,477.96||
|||-53,394,384.81|
|Add：Net profit belonging to the owner of theparent company|||
||433,177,734.96|407,536,660.90|
|Dividend of common stock payable|266,208,000.10||
|Retained profits at the period end|955,497,212.82|354,142,276.09|

 34. Business income, Business cost
In RMB
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||
|-|-|-|-|-|
||Amount of current period||Amount of previous period||
|Items|||||
||Income|Cost|Income|Cost|
|Main business|1,440,579,540.95|805,642,994.51|908,569,346.34|431,173,975.18|
|Other business|6,020,719.58|327,232.15|1,405,396.75|1,897,765.86|
|Total|1,446,600,260.53|805,970,226.66|909,974,743.09|433,071,741.04|

 35. Business tax and subjoin
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Business tax|7,574,652.16|163,571.63|
|Urban construction tax|7,904,674.76|8,686,601.19|
|Education surcharg|5,647,408.99|6,204,715.14|
|Other|1,472.01||
|Total|21,128,207.92|15,054,887.96|

 Othernotes：
Notes：The main reason of the increase of the current business tax year on year was the adding of the subsidiary Sichuan Ruiyi Construction Engineering Co., Ltd. in the second half year of 2014, which resulted in the increase of the business tax.
36.Sales expenses
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Wage and additional cost|3,183,271.82|2,653,082.17|
|Business expenses|1,359,559.90|192,995.70|
|Office fee|1,451,799.79|34,240.36|
|Travel fees|1,113,131.40|399,043.30|
|Publicize Fees|476,376.42|150,000.00|
|Miscellaneous charges|1,669,687.77|791,241.95|
|Other|630,978.50|173,315.29|
|Total|9,884,805.60|4,393,918.77|

37 Administrative expenses
In RMB
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Wage and additional cost|48,314,168.69|33,107,325.84|
|Business expenses|4,726,170.76|2,277,892.29|
|Labor protect fee|2,548,181.12|1,492,458.13|
|Office fees|19,210,793.22|10,539,652.59|
|Travel fees|2,673,800.45|3,479,040.99|
|Publicize Fees|3,909,665.61|1,212,189.38|
|Miscellaneous charges|1,337,607.64|163,565.76|
|Tax|10,139,192.17|5,372,282.74|
|Depreciation accumulative|10,227,846.77|4,755,611.89|
|Research expenses|1,582,289.84|193,298.03|
|Consultation fees|13,246,795.81|2,954,750.42|
|Rental fees|14,708,975.13|10,781,830.43|
|Equity incentive cost|3,186,600.00||
|Other|11,584,984.06|4,276,713.70|
|Total|147,397,071.27|80,606,612.19|

 38. Financial expenses
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Interest expenses|133,665,417.77|12,218,643.77|
|Less：Interest income|3,357,422.22|5,829,084.67|
|Add：Exchange gains and losses|2,213,435.75|-818,166.61|
|Financial institution|498,591.98|468,027.19|
|Bill discount rate|8,309,638.69|17,342,000.61|
|Other|2,335.00|7,579.77|
|Total|141,331,996.97|23,389,000.06|

 39. Asset impairment loss
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|1. Bad debt loss|-11,901,222.20|88,535.20|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Total|-11,901,222.20|88,535.20|

 40.Investment income
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Long-term equity investment income by equity|||
||-28,077.74||
|method|||
|Total|-28,077.74||

41. Non-operating income
In RMB
|||||
|-|-|-|-|
||||The amount of non-operating|
|Items|Amount of current period|Amount of previous period||
||||gains & losses|
|Govemment Subsidies|186,458,166.64|175,895,903.21|186,458,166.64|
|The deductible input tax income|2,439,717.82||2,439,717.82|
|Enterprise merger|18,763,137.14||18,763,137.14|
|Other|233,637.06|4,915,341.07|233,637.06|
|Total|207,894,658.66|180,811,244.28|207,894,658.66|

 Government subsidy reckoned into current gains/losses
In RMB
|||||
|-|-|-|-|
|Items|Amount of this period|Amount of last period|Assets-related/income -related|
|Grant of Government||||
||1,122,300.00||Related to assets|
|Infrastructure||||
|Grant of Industry Revitalization||||
|and Technology Reconstruction|116,666.64||Related to assets|
|Project||||
|Grant of Glass-tube Secondary||||
||10,000.00||Related to assets|
|Environmental Protection||||
|Financial Grant of Bureau of||||
|Finance in Wuhu Economic and||||
||60,000,000.00||Related to income|
|Technological Development||||
|Zone||||
|Grant of fifth G6TFT-LCD||||
||30,000,000.00|60,000,000.00|Related to income|
|glass substrate production line||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||
|-|-|-|-|
|Ignition operation||||
|Finance Bureau Innovation||||
||70,000.00||Related to income|
|award Fund||||
|Tax Returns|45,000,000.00|98,011,803.21|Related to income|
|Grant of Subsidies Wuhu||||
||99,200.00||Related to income|
|Human Resources Center||||
|Foreign trade awards|40,000.00||Related to income|
|Financial Grant of Bureau of||||
|Finance in Wuhu Economic and||||
||50,000,000.00|17,884,100.00|Related to income|
|Technological Development||||
|Zone||||
|Total|186,458,166.64|175,895,903.21|--|

Othernotes：
Note 1: The main reason of the higher increase of the current nonbusiness income is that the current acquisition of the subsidiary Jiangsu Jixing New Materials Co.,Ltd.‟s acquisition cost is less than the profit and loss generated by fair value.
Note 2: The reason of the profit and loss generated by the early-stage input tax with the current deduction is that an input tax at the early stage whichwasn‟t deducted by tax bureau at that time, counted in the material value by the company, has resulted in a deduction with taxbureau‟s agreement.
42.Non-Operation expense
In RMB
|||||
|-|-|-|-|
||Amount of current period|Amount of previous period|The amount of non-operating|
|Items||||
||||gains & lossed|
|Total of Non-current assets|35,050.57|||
||||35,050.57|
|Disposition||||
|Including：Disposal of fixed||||
||35,050.57||35,050.57|
|assets||||
|Other|52,176.09|11,600.24|52,176.09|
|Total|87,226.66|11,600.24|87,226.66|

 43. Income tax expense
(1) Lists of income tax expense
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Income tax at current period|134,154,652.85|146,816,075.75|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Deferred income tax|-47,452,276.79|-51,745,340.19|
|Total|86,702,376.06|95,070,735.56|

（2）Accounting profit and income tax expense adjustment process
In RMB
|||
|-|-|
|Items|Amount of current period|
|Total profit|540,568,528.57|
|Income tax expense at statutory / applicable tax rates|81,264,916.78|
|Effect of different tax rates applicable to subsidiaries|4,568,546.42|
|Income tax adjustments on prior periods|201,236.99|
|Impact of non-deductible costs, expenses and losses|504,997.23|
|Affect the use of deferred tax assets early unconfirmed||
||-255,867.63|
|deductible losses||
|The current period does not affect the deferred tax assets||
||418,546.27|
|recognized deductible temporary differences or deductible loss||
|Income tax expense|86,702,376.06|

 Other notes
Notes : Increase during the period of the company's sales revenue increased income corresponding to the number of the Company payable by the Company to increase the income tax expense.
44. Supplementary information to cash flow statement
(1) Other cash received relevant to operating activities
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Interest income|55,561.28|6,161,339.08|
|Government subsidy|140,209,200.00|64,049,300.00|
|Deposits income|1,259,879.12|1,671,694.16|
|Current account income||88,276,416.62|
|The return of individual borrowers||1,331,808.15|
|Other|225,429.85|40,306,510.92|
|Total|141,750,070.25|201,797,068.93|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015（2）Other cash paid related to oprating activities
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Consultation Services fee|13,673,835.81|2,951,840.10|
|Business expenses|6,061,644.66|2,476,746.05|
|Current account|33,838,692.99|121,864,774.18|
|Labour insurance expenses|2,595,558.52|1,495,829.60|
|R& D|1,364,191.35|193,298.03|
|Advertising expenses|4,344,532.60|1,388,604.47|
|Water and electricity expense|14,485,354.73|10,784,730.44|
|Travel expenses|6,513,959.50|4,029,376.89|
|Staff official borrowing|3,662,906.00|13,989,337.90|
|Office expenses|13,570,060.18|5,742,399.01|
|Deposit|10,271,678.55|33,870,000.00|
|Other|15,355,577.95|1,495,449.80|
|Total|125,737,992.84|200,282,386.47|

（3）Other Cash received related to investment activities
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|The post-money balance of the cash and|||
|cash equivalents of Sichuan Ruiyi ’s|||
|||21,508,443.43|
|acquisition date which deducted the|||
|currency paid for the acquisition.|||
|The post-money balance of the cash and|||
|cash equivalents of Jiangsu Jixing‟s|||
||64,574,268.94||
|acquisition date which deducted the|||
|currency paid for the acquisition.|||
|Total|64,574,268.94|21,508,443.43|

（4）Other Cash payable related to investment activities
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||
|-|-|
|Investment|70,000,000.00|
|Total|70,000,000.00|

（5）Other Cash received related to Financing activities
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Interest incme|3,301,860.94||
|Bill financing|91,976,044.67||
|Total|95,277,905.61||

（6）Other Cash payable related to Financing activities
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Financing expenses|14,000,000.00||
|Bill discount rate||17,342,000.61|
|Bill financing|203,000,000.00||
|Total|217,000,000.00|17,342,000.61|

 45. 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|453,866,152.51|439,098,956.35|
|Add: Impairment loss provision of assets|||
||-11,901,222.20|88,535.20|
|Depreciation of fixed assets, oil and gas|||
||71,282,912.07|14,630,809.29|
|assets and consumable biological assets|||
|Amortization of intangible assets|3,039,171.86|1,521,150.69|
|Amortization of long-term deferred|||
||2,353,818.77||
|fexpenses|||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Loss on disposals of fixed assets, intangible|||
|assets and other long-term assets ("-" for|35,050.57||
|gains)|||
|Financial expenses|132,335,401.56|12,218,643.77|
|Investment loss|28,077.74||
|Decrease of deferred income tax assets|-47,452,276.79|-50,329,714.62|
|Decrease of inventories|-727,311,288.79|95,435,690.63|
|Decease of operating receivables|1,759,834,925.93|-2,066,626,958.21|
|Increased of operating Payable|-1,561,037,267.45|62,160,801.85|
|Net cash flows arising from operating|75,073,455.78|-1,491,802,085.05|
|activities|||
|2.Significant investment and financing|||
||--|--|
|activities that without cash flows:|||
|3．Changes Balance of cash and cash|||
||--|--|
|equivalents|||
|Ending balance of cash|4,478,346,244.54|1,657,658,157.43|
|Less: Beginning balance of cash|3,006,271,083.93|2,465,010,913.24|
|Net increase of cash and cash equivalents|1,472,075,160.61|-807,352,755.81|

 (2) Net Cash paid of obtaining the subsidiary
In RMB
|||
|-|-|
||Amount|
|Cash or Cash Equivalent of Enterprise consolidation that Occurred||
||162,345,300.00|
|in the Current Period Paid in the Current Period||
|Including：|--|
|Jiangsu Jixing New Material Co., Ltd.|162,345,300.00|
|Less：Cash or Cash Equivalent Owned by Subsidiary on the||
||226,919,568.94|
|Purchasing Date||
|Including：|--|
|Jiangsu Jixing New Material Co., Ltd.|226,919,568.94|
|Including：|--|
|Received Net Cash Paid by Subsidiary|-64,574,268.94|

Notes:
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015（3）Composition of cash and cash equivalents
In RMB
||||
|-|-|-|
|Items|Balance in year-end|Balance in year-Beginning|
|I. Cash|4,478,346,244.54|3,006,271,083.93|
|Of which: Cash in stock|||
||228,105.10|203,730.89|
|Bank savings could be used at any time|4,419,439,322.84|2,975,347,655.46|
|Other monetary capital could be used at any|||
||58,678,816.60|30,719,697.58|
|time|||
|III. Balance of cash and cash equivalents at|4,478,346,244.54|3,006,271,083.93|
|the period end|||
|Including：|||
|Parent company or subsidiary of the Group c|376,182,494.48|190,000,000.00|
|ash and cash equivalents restricted|||

Notes：
46. The assets with the ownership or use right restricted
In RMB
||||
|-|-|-|
|Items|Book value in year-end|Reason|
|Monetary funds|376,182,494.48|Pledge of collateral|
|Inventory|640,000,000.00|Pledge loans|
|Fixed assets|3,459,300,000.00|Pledge loans|
|Construction in process|||
|Total|4,475,482,494.48|--|

47. Foreign currency monetary items
(1) Foreign currency monetary items
In RMB
|||||
|-|-|-|-|
||Closing foreign currency||Closing convert to RMB|
|Items||Exclange rate||
||balance||balance|
|Monetary fund||||
|Including：USD|526,996.42|6.113600|3,221,845.31|
|Euro|11,540.00|6.869900|79,278.65|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||
|-|-|-|-|
|HKD|4,666.70|0.788610|3,680.21|
|JPY||||
|GBP|2,277.81|9.642200|21,963.10|
|USD|1,600,000.00|6.2206|9,952,960.00|
|Account payable||||
|Including：USD|1,082,550.05|6.113600|6,618,277.99|
|JPY|403,795,478.62|0.05005|20,210,771.30|
|Prepayment||||
|Including：USD|1,480,206.19|6.113600|9,049,388.56|
|Euro|2,747,433.59|6.869900|18,874,594.02|
|HKD||||
|JPY|484,990,777.00|0.050052|24,274,758.37|
|GBP|451,058.90|9.642200|4,349,200.13|

 VIII.Changes of consolidation scope
1.Enterprise consolidation ont under the same control
（1）Enterprise consolidation not under the same control in reporting period
In RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
||||||||Income of|Net Profit of|
|||||||Determinatio|Acquire|Acquire from|
||||Ratio of||||||
||Time-point of|Obtained||Method of||n Basis on|from the|the|
|Name of|||Obtained||Purchasing||||
||Obtained|Cost of||Obtained||the|Purchasing|Purchasing|
|Acquiree|||Equity||Date||||
||Equity|Equity||Equity||Purchasing|Date to the|Date to the|
||||(100%)||||||
|||||||Date|End of the|End of the|
||||||||Period|Period|
|JiangsuJixing NewMaterial Co.,Ltd.|||||F ebruary28,2015|Obtain abusinesslicense|43,535,555.93|154,379.23|
||February|167,345,300.||Purchase and|||||
||||50.50%||||||
||28,2015|00||add share|||||

(2) Consolidation Cost and Goodwill
In RMB
|||
|-|-|
|Combined cost|Jiangsu Jixing New Material Co., Ltd.|
|--Cash|167,345,300.00|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||
|-|-|
|Total Consolidation cost|167,345,300.00|
|Less：Reduction: Obtained Definable Net Assets Fair Proportion|186,108,437.14|
|Goodwill/ The Consolidation Cost is Less Than the Obtained||
||18,763,137.14|
|Definable Net Assets Fair Proportion||

(3) The identifiable assets and liabilities of acquiree at purchase date
In RMB
||||
|-|-|-|
||Jiangsu Jixing New Material Co., Ltd.||
||Fair value on purchase date|Book value on purchase date|
|Monetary fund|259,007,478.19|259,007,478.19|
|Account receivable|47,264,960.80|47,264,960.80|
|Inventories|28,472,711.75|28,472,711.75|
|Fixed assets|287,064,516.90|256,317,009.13|
|Intangible assets|60,810,554.47|58,497,844.31|
|Bill payable|3,753,250.00|3,753,250.00|
|Prepayments|12,885,701.67|12,885,701.67|
|Other receivable|18,625,745.67|18,625,745.67|
|Construction in progress|13,625,131.74|13,625,131.74|
|Differed income tax asset|4,661.45|4,661.45|
|Loan|106,257,500.00|106,257,500.00|
|Account payable|17,956,318.31|17,956,318.31|
|Advance receipts|30,936.29|30,936.29|
|Bill payable|203,000,000.00|203,000,000.00|
|Employees‟ wage payable|1,420,363.53|1,420,363.53|
|Tax payable|-9,484,406.23|-9,484,406.23|
|Interest payable|614,166.00|614,166.00|
|Other payable|43,188,276.05|43,188,276.05|
|Net assets|368,531,558.69|335,471,340.76|
|Acquire net assets|368,531,558.69|335,471,340.76|

 (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
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015□ Yes√ No
2 .The disposal of subsidiary
Whether there is a single disposal of the investment to subsidiary and lost control
□ Yes√ No
Whether there are multiple transactions step by step dispose the investment to subsidiary and lost control in reporting period□ Yes√ No
3. Other reasons for the changes in combination scope
The current increase in new subsidiary,The 32nd meeting of the seventh board of directors considered and adopted the proposal of " Beijing Institute of Technology joint venture with a subsidiary", agreed the company and the Beijing Institute of Technology set up j oint investment holding subsidiary Beijing Xutan New Material Technology Co., Ltd.
Notes to reasons for the changes in combination scope (Newly established subsidiary and subsidiary of liquidation) and relevant information:
IX. Equity in other entities
1. Equity in subsidiary
(1) The structure of the enterprise group
||||||||
|-|-|-|-|-|-|-|
|Name of|Main Places of|Registration|Nature of|Shareholding Ratio (%)||Obtaining|
|Subsidiary|Operation|Place|Business|direct|indirect|Method|
|||9 Huanghe Road,|||||
|||Shijiazhuang|||||
|Hebei Xubao|||||||
|||High-tech|||||
|Construction|||||||
|||Industrial|Construction||||
|Installation|Shijiazhuang|||100.00%||Establish|
|||Development|Installation||||
|Engineering Co.,|||||||
|||Area,|||||
|Ltd.|||||||
|||Shijiazhuang,|||||
|||Hebei Province|||||
|||9 Huanghe Road,|||||
|||Shijiazhuang|||||
|||High-tech|||||
|Shijiazhuang|||||||
|||Industrial|||||
|Colour Bulb Co.,|Shijiazhuang||Manufacturing|81.26%||Establish|
|||Development|||||
|Ltd.|||||||
|||Area,|||||
|||Shijiazhuang,|||||
|||Hebei Province|||||
|Wuhu Dongxu|Wuhu|Room 302, A floo|Manufacturing|95.00%||Establish|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||
|-|-|-|-|-|-|
|Optoelectronic||r,Management Co||||
|Equipment||mmittee of Jiangb||||
|Technology Co.,||ei Industry Zone,||||
|Ltd.||Anhui Prov||||
|||No.36, Daowei 2||||
|||Road, Wanchun||||
|Wuhu Dongxu||||||
|||Street , Wuhu||||
|Optoelectronic||||||
||Wuhu|Economy|Manufacturing|100.00%|Establish|
|Technology Co.,||||||
|||Technology||||
|Ltd.||||||
|||Development||||
|||Zone||||
|||1/F, No.2||||
|||Business tower,||||
|||Huazhong||||
|Wuhan Dongxu||||||
|||Shuguang||||
|Optoelectronic||||||
||Wuhan|Software park,|Manufacturing|62.50%|Establish|
|Technology Co.,||||||
|||No.1Guanshan||||
|Ltd.||||||
|||Road,Donghu||||
|||Development||||
|||Zone, Wuhan||||
|||Building 15, No.||||
|Sichuan Ruiyi||21, Ring Road 18||||
|Construction||1 West Third Sect||||
||Sichuan||Manufacturing|100.00%|Purchase|
|Engineering Co.,||ion,Jinniu District||||
|Ltd.||, Chengdu||||
|||Room C17,||||
|||Building 1,||||
|Beijing Xufeng||No.10, Xinghuo||||
||||Real estate|||
|Real Estate Co.,|Beijing|Road,||100.00%|Establish|
||||Development|||
|Ltd.||Technology City,||||
|||Fengtai District,||||
|||Beijing||||
|||Room 1517,||||
|||Building 1||||
|Dongxu||(International||||
|（Kunshan）||Building), No.||||
||Kunshan||Manufacturing|80.00%|Establish|
|Display Material||167, Qianjin||||
|Co., Ltd.||Middle Road,||||
|||Suzhou City,||||
|||Jiangsu Province||||
|Beijing Xutan|Beijing|N0.1198, 689|Technology|70.00%|Establish|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||||
|-|-|-|-|-|-|
|New MaterialTechnology Co.,Ltd.||Builing, No.5,|Service|||
|||Zhongguan||||
|||Village South||||
|||Street, Haiding||||
|||District, Beijing||||
|||New Material||||
|Jiangsu Jixing||||||
|||Industry Zone,||||
|New Material|Jiangsu||Manufacturing|50.50%|Purchase|
|||Youfang Town,||||
|Co., Ltd.||||||
|||Yangzhong City||||

(2) Significant not wholly owned subsidiary
In RMB
||||||
|-|-|-|-|-|
|||Profit or Loss Owned by|Dividends Distributed to||
||Shareholding Ratio of|||Equity Balance of the|
|||the Minority|the Minority||
|Name of Subsidiary|Minority Shareholders|||Minority Shareholders in|
|||Shareholders in the|Shareholders in the||
||(%)|||the End of the Period|
|||Current Period|Current Period||
|Wuhu Dongxu|||||
|Optoelectronic|||||
||5.00%|26,103,264.82||70,520,546.62|
|Equipment Technology|||||
|Co., Ltd.|||||

(3) The main financial information of significant not wholly owned subsidiary
In RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Year-end balance||||||Year-beginning balance||||||
|||Noncurrentassets||Current|Non|||Non||Current|Non||
|Name|Current||Total|||Total|Current||Total|||Total|
|||||Liabilitie|current|||current||Liabilitie|current||
||assets||assets|||liabilities|assets||assets|||liabilities|
|||||s|liabilities|||assets||s|liabilities||
|Wuhu|||||||||||||
|Dongxu|||||||||||||
|Optoelec|||||||||||||
|tronic|||||||||||||
||3,813,27|183,397,|3,996,66|2,228,21|500,000,|2,728,21|4,493,09|181,030,|4,674,12|3,392,40|500,000,|3,892,40|
|Equipme|||||||||||||
||2,600.00|100.00|9,700.00|9,700.00|000.00|9,700.00|4,500.00|600.00|5,100.00|4,800.00|000.00|4,800.00|
|nt|||||||||||||
|Technolo|||||||||||||
|gy Co.,|||||||||||||
|Ltd.|||||||||||||

In RMB
||||
|-|-|-|
|Name|Amount of current period|Amount of previous period|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||Cash flows||||Cash flows|
||||Total||||Total||
||Business|||from|Business|||from|
|||Net profit|Comprehensi|||Net profit|Comprehensi||
||income|||operating|income|||operating|
||||ve income||||ve income||
|||||activities||||activities|
|Wuhu|||||||||
|Dongxu|||||||||
|Optoelectroni|1,139,786,20|486,729,800.|486,729,800.|-281,784,096.|1,256,193,20|634,420,600.|634,420,600.|-983,617,200.|
|c Equipment|0.00|00|00|04|0.00|00|00|00|
|Technology|||||||||
|Co., Ltd.|||||||||

2. Equity in joint venture arrangement or associated enterprise
（1）Summary financial information of insignificant joint venture or associated enterprise
In RMB
||||
|-|-|-|
||Amount of current period/2015|Amount of previous period/2014|
|Joint venture:|--|--|
|Total investment book value|71,971,922.26||
|The total of following items according tothe|||
||--|--|
|shareholding proportions|||
|--Net profit|-28,077.74||
|--Total Comprehensive income|-28,077.74||
|Associated enterprise：|--|--|
|The total of following items according to|||
||--|--|
|theshareholding proportions|||

X. Related party and related party transactions
1. Parent company information of the enterprise
|||||||
|-|-|-|-|-|-|
|||||The parent company|The parent company|
|Name|Registered address|Natrue|Regisrated capital|of the Company's|of the Company‟s|
|||||shareholding ratio|vote ratio|
||No.369, Zhujiang|||||
|Dongxu Group|Road, High-tech|Production|9 billion|14.65%|14.65%|
||zone, Shijiazhuang|||||

Notes
During the reporting period, the following changes in the real-up capital of the parent company:
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||
|-|-|-|-|
|Items|Beginning of term|Increase|Decrease|
|Paid in capital|4,150,000,000.00|2,935,000,000.00||

 The finial control of the company was Li Zhaoting.
2. Subsidiaries of the Company
See details to Notes .
Situation of the enterprise subsidiaries refer to the Notes.
3. Other Related parties information of the enterprise
|||
|-|-|
|Other Related parties name|Relation of other Related parties with the company|
|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|
|Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd.|Controlled by the same actual controller|
|Zhengzhou Xufei Optoelectronic Technology Co., Ltd.|Controlled by the same actual controller|
|Dongxu（Yingkou）Optoelectronic Display Co., Ltd.|Controlled by the same actual controller|
|Jinhou Xulong Solar energy Technology Co., Ltd.|Controlled by the same actual controller|
|Sichuan Xuhong Optoelectrnic Technology Co., Ltd|Controlled by the same actual controller|
|Shijiazhuang Bofa Machine Equipment Co., Ltd.|Controlled by the same actual controller|
|Chengdu Zhong Optoelectronic Technology Co., Ltd.|General Manager: Li Zhaoting|
|Chengdu Dongxu Energy saving Technology Co., Ltd.|Controlled by the same actual controller|
|Shijiazhuang Xuling Electronic Technology Co., Ltd.|Controlled by the same actual controller|
|Shijiazhuang Baoshi Electronic Group Co., Ltd.|Controlled by the same actual controller|
|Chengdu Taiyisi Technology Co., Ltd.|Controlled by the same actual controller|
|Li Qing|The spouse of the actual controller|

4. Related transactions.
（1）Related transactions on purchasing goods and receiving services
Acquisition of goods and reception of labor service
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 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?||
|Shijiazhuang||||||
|Baoshi Electronics|Energy|471,876.50|||1,937,148.94|
|Group Co., Ltd.||||||
|Zhengzhou Xufei||||||
|Optoelectronic||||||
||LCG||||7,264,957.28|
|Technology Co.,||||||
|Ltd.||||||
|Chengdu Dongxu||||||
|Energy Saving||||||
||ESL|15,384.62|||819,393.15|
|Technology Co.,||||||
|Ltd.||||||
|Shijiazhuang Bofa||||||
|Mechanical|Machining parts|834,427.33||||
|Equipment Co., Ltd.||||||
|Shijiazhuang||||||
|Xuling Electrinic||||||
||Monitoring system||||820,512.82|
|Technology Co.,||||||
|Ltd.||||||
|Dongxu Group Co.,||||||
||Processing charges|||||
|Ltd.||||||
|Total||1,321,688.45|||10,842,012.19|

 Related transactions on sale goods and receiving services
In RMB
|||||
|-|-|-|-|
|||Amount of current period|Amount of previous period|
|Related parties|Content of related transaction|||
|Dongxu （Yingkou）||||
||High-Display production line|||
|Optoelectronic Display Co.,|||5,560,752.23|
||Equipment Construction|||
|Ltd.||||
|Zhengzhou Xufei||||
||High-Display production line|||
|Optoelectronic Technology Co.,||28,535,377.37|20,167,514.53|
||Equipment Construction|||
|Ltd||||
|Shijiazhuang Xuxin||||
||High-Display production line|||
|Optoelectronic Technology Co.,||68,200,837.60|714,577,914.53|
||Equipment Construction|||
|Ltd.||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||
|-|-|-|-|
|Zhengzhou Xufei||||
|Optoelectronic Technology Co.,|Material|58,974.36|548,632.48|
|Ltd||||
|Zhengzhou Xufei||||
|Optoelectronic Technology Co.,|A-frame|992,307.69||
|Ltd||||
|Baoshi Group|Lead tube||3,010,770.00|
|Shijiazhuang Bofa Mechanical||||
||A-frame|1,378,205.13|3,826,923.07|
|Equipment Co., Ltd.||||
|Shijiazhuang Bofa Mechanical|Glass substrate defect|||
|||36,412,136.76||
|Equipment Co., Ltd.|detection eqiupment|||
|Sichuan Xuhong||||
||Line technological|||
|Optoelectronic Technology||142,948,113.21||
||transformation|||
|Co., Ltd.||||
|Shijiazhuang Xuxin||||
||Material|86,923.08||
|Optoelectronic||||
||National Engineering|||
|Dongxu Group||82,115,384.62||
||laboratory test equipment|||
|Jinzhou Xulong Solar energy|Tester|223,076.93||
|Total||360,951,336.75|747,692,506.84|

 Notes1：R& DCosts+Production line materialcost+Production line integrationcost+Management Cost and sales
costs+commissioning of productionline+after sale servicecost+ Reasonable profit
（2）Related trusteeship or contracting
Related trusteeship or contracting in which the Company is the undertake
In RMB
||||||||
|-|-|-|-|-|-|-|
|||||||Gains from the|
|Name of the|Name of the|Asset situation of|||||
||||Start date|Terminating date|Pricing basis|deal in report|
|employer|undertaker|the undertaker|||||
|||||||period|
|Dongxu Group|||||||
|Co.,Yingko|||||||
|||The right to|||||
|Yanhai|||||||
||Dongxu|operate of|||||
|Development|||||||
||Optoelectronic|Dongxu|||||
|Construction Co.,|||January 1, 2012|||750,000.00|
||Technology Co.,|(Yingkou)|||||
|Ltd., Minerals|||||||
||Ltd.|Optoelectronic|||||
|(Yingko) Industry|||||||
|||Display Co., Ltd.|||||
|Park|||||||
|Development|||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||
|-|-|-|-|-|
|Co., Ltd.|||||
|Dongxu|||||
|Optoelectrnic|||||
|Investment Co.,|||||
|||The right to|||
|Ltd.,Henan|||||
||Dongxu|operate of|||
|State-owned|||||
||Optoelectronic|Zhenghou Xufei|||
|Assets|||March 1, 2012|750,000.00|
||Technology Co.,|Optoelectronic|||
|Management Co.,|||||
||Ltd.|Technology Co.,|||
|Ltd.,Zhengzhou|||||
|||Ltd.|||
|Investment|||||
|Holdings Co.,|||||
|Ltd.|||||
|Dongxu Group|||||
|Co., Mianyang|||||
|Investment City||The right to|||
|Development|Dongxu|operate of|||
|Investment|Optoelectronic|Sichuan|||
||||March 1, 2012|750,000.00|
|(Group) Co., Ltd.,|Technology Co.,|Optoelectronic|||
|Sichuan|Ltd.|Technology Co.,|||
|Changhong||Ltd.|||
|Electrical Co.,|||||
|Ltd.|||||
|Shijiazhuang|||||
|Baoshi Electronic|||||
|Group Co.,||The right to|||
|Ltd.,Shijiazhuang||operate of|||
||Dongxu||||
|High Lanhu||Shijiazhuang|||
||Optoelectronic||||
|Investment Co.,||Xuxin|March 1, 2012|750,000.00|
||Technology Co.,||||
|Ltd.,||Optoelectronic|||
||Ltd.||||
|Shijiazhuang||Technology Co.,|||
|State Holding||Ltd.|||
|Investment Co.,|||||
|Ltd.|||||
|||The right to|||
||Dongxu||||
|||operate of|||
||Optoelectronic||December 1,||
|Dongxu Group||Chengdu Taiyisi||500,000.00|
||Technology Co.,||2014||
|||Technology Co.,|||
||Ltd.||||
|||Ltd.|||
|||||3,500,000.00|

Notes
Notes1：Trusteeship costs include basic management fees and incentive management fees(0.5 million/years), including basic
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 management fee of 1 million per year, incentive management fees per year managed company with net operating profit after tax of5%calculation（Base incentive management fees deduct prior years'losses）
Notes 2: Trusteeship costs include basic management fees and incentive management fees(0.5 million/years), including basic management fee of 1 million per year, incentive management fees per year managed company with net operating profit after tax of5% calculation.
Notes3：Trusteeship costs include basic management fees and incentive management fees(0.5 million/years), including basic management fee of 1 million per year, incentive management fees per year managed company with net operating profit after tax of5% calculation.
（3）Related guarantee condition
The Company as a guarantor
||||||
|-|-|-|-|-|
|||||Execution accomplished|
|Secured party|Guarantee amount|Start date|End date||
|||||or not|

The Company was secured party
In RMB
||||||
|-|-|-|-|-|
|Guarantor|Guarantee Amount|Starting date|Stop date|If completed or not|
|The pledge of accounts|||||
|receivable of Dongxu|||||
||20,000,000.00|September 18, 2014|August 22, 2015|No|
|Group and Zhengzhou|||||
|Xufei|||||
|The pledge of accounts|||||
|receivable of Dongxu|||||
||20,000,000.00|August 27, 2014|August 22, 2015|No|
|Group and Zhengzhou|||||
|Xufei|||||
|Dongxu Group, Li|||||
||20,000,000.00|May 12, 2015|May 12, 2017|No|
|Zhaoting, Li Qing|||||
|Dongxu Group, Li|||||
||30,000,000.00|April 23, 2015|April 22, 2017|No|
|Zhaoting, Li Qing|||||
|Li Zhaoting|50,000,000.00|December 30,2014|September 30,2015|No|
|Dongxu Group, Li|||||
||50,000,000.00|May 4, 2015|May 4, 2017|No|
|Zhaoting, Li Qing|||||
|The pledge of accounts|||||
|receivable of Dongxu|||||
||60,000,000.00|September 24, 2014|August 22, 2015|No|
|Group and Zhengzhou|||||
|Xufei|||||
|Dongxu Group, Li|||||
||60,000,000.00|June 24, 2015|June 24, 2017|Yes|
|Zhaoting, Li Qing|||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||
|-|-|-|-|-|
|Dongxu Group, Li|||||
||80,000,000.00|March 25, 2015|March 24, 2014|No|
|Zhaoting, Li Qing|||||
|Dongxu Group|80,000,000.00|January 23, 2015|January 23, 2016|No|
|Dongxu Group|100,000,000.00|May 27, 2014|May 26, 2015|Yes|
|The pledge of accounts|||||
|receivable of Dongxu|||||
||100,000,000.00|August 22, 2014|August 22, 2015|No|
|Group and Zhengzhou|||||
|Xufei|||||
|Dongxu Group|100,000,000.00|January 22, 2015|November 21, 2015|No|
|Dongxu Group|100,000,000.00|April 23, 2015|March 22, 2016|No|
|Dongxu Group, Li|||||
|Zhaoting, Li Qing,|200,000,000.00|January 4, 2015|January 4, 2016|No|
|Baoshi Group|||||
|Dongxu Group, Li|||||
||200,000,000.00|January 4, 2015|January 4, 2016|No|
|Zhaoting, Li Qing|||||
|Dongxu Group|200,000,000.00|August 21, 2014|August 19, 2015|No|
|Li Zhaoting|250,000,000.00|December 2, 2014|October 2, 2015|No|
|Li Zhaoting|300,000,000.00|February 13, 2015|February 13, 2016|No|
|Dongxu Group, Li|||||
||400,000,000.00|December 22, 2014|December 22, 2016|No|
|Zhaoting, Li Qing|||||

Notes
(4) Rewards for the key management personnel
In RMB
||||
|-|-|-|
||Amount of current period|Amount of previous period|
|Items|||
|Rewards for the key management|||
||2,038,300.00|1,958,400.00|
|personnel|||

5.Payables and receivables of the related party
（1）Receivable
In RMB
|||||||
|-|-|-|-|-|-|
|||Amount at year end||Amount at year beginning||
|Name|Related party|||||
|||Balance of Book|Bad debt Provision|Balance of Book|Bad debt Provision|
|Account receivable|Dongxu （Yingkou）|500,000.00||24,136,000.00||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
|||||
|-|-|-|-|
||Optoelectronic|||
||Display Co., Ltd.|||
||Zhengzhou Xufei|||
|Account receivable|Optoelectronic|24,693,927.57|94,885,328.82|
||Technology Co., Ltd|||
||Sichuan Xuhong|||
|Account receivable|Optoelectronic|25,339,000.00|914,000.00|
||Technology Co., Ltd.|||
|Account receivable|Dongxu Group|81,501,342.48|1,434,491.24|
||Shijiazhuang Xuxin|||
|Account receivable|Optoelectronic|250,000.00||
||Technology Co., Ltd.|||
||Hebei Baoshi|||
||Energy saving|||
|Account receivable||10,000.00|10,000.00|
||lighting technology|||
||Co., Ltd.|||
||Shijiazhuang Bofa|||
|Account receivable|Mechanical|1,700,500.00|88,000.00|
||Equipment Co., Ltd.|||
||Chengdu Zhong|||
|Account receivable|Optoelectronic||1,184,777.00|
||Technology Co., Ltd|||
||Chengdu Taiyisi|||
|Account receivable||583,333.33|83,333.33|
||Technology Co., Ltd.|||
||Hejing Xushuang|||
|Account receivable|Solar energy||4,711,241.21|
||Technology Co., Ltd.|||
||Dongxu （Yingkou）|||
|Bills receivable|Optoelectronic|24,136,000.00|80,000,000.00|
||Display Co., Ltd.|||
||Zhengzhou Xufei|||
|Bills receivable|Optoelectronic||200,000,000.00|
||Technology Co., Ltd|||
||Shijiazhuang|||
|Other Account||||
||Baodong Electrinic|299,905.00|299,905.00|
|receivable||||
||Co., Ltd.|||
||Chengdu Xushuang|||
|Other Account||||
||Solar energy|6,466.04||
|receivable||||
||Technology Co., Ltd.|||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015（2）Payables
In RMB
|||||
|-|-|-|-|
|Name|Related party|Book balance at year end|Book balanc at year beginning|
||Shijiazhuang Baoshi Electronic|||
|Account payable||5,683,563.95|5,533,363.79|
||vacuum Glass Co., Ltd.|||
||Shijiazhuang Baoshi|||
|Account payable|Large-diameter plastic tube Co.,|533,942.80|533,942.80|
||ltd|||
||Chengdu Dongxu Energy|||
|Account payable||448,905.69|649,745.00|
||Technology Co., Ltd.|||
||Shijiazhuang XumingTube Co.,|||
|Account payable||14,948.00|14,948.00|
||Ltd.|||
|Account payable|Dongxu Group|5,000,394.12|5,000,394.12|
||Shijiazhuang Xuling Electronic|||
|Account payable||814,207.78|1,008,852.78|
||Technology Co., Ltd.|||
||Shijiazhuang Baoshi|||
|Account payable|Zhonghe Steel Plastic Shape|122,682.00|122,682.00|
||Co., Ltd.|||
||Shijiazhuang Bofa Mechanical|||
|Account payable||1,702,456.65|827,210.50|
||Equipment Co., Ltd.|||
|Advance revenue|Dongxu Group|53,029,716.06|3,449,716.06|
||Chengdu Zhong Optoelectronic|||
|Advance revenue||88,192.80|38,692.80|
||Technology Co., Ltd.|||
|Other payable|Baoshi Group|4,984,410.05|5,892,565.56|
||Jinzhou Xulong Solar energy|||
|Other payable||1,500,000.00|1,500,000.00|
||Technology Co., Ltd.|||
|Other payable|Dongxu Group|11,462,847.38|11,451,798.44|
||Shijiazhuang XumingTube Co.,|||
|Other payable||97,031.00|97,031.00|
||Ltd.|||
||Chengdu Dongxu Energy|||
|Other payable|||50,000.00|
||Technology Co., Ltd.|||
||Shijiazhuang Xuxin|||
|Other payable|Optoelectronic Technology Co.,|443,907.55|231,186.44|
||Ltd.|||
||Zhengzhou Xufei|||
|Other payable||798,610.35||
||Optoelectronic Technology Co.,|||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
||Ltd||
||Sichuan Xuhong Optoelectronic||
|Other payable||100,000.00|
||Technology Co., Ltd.||
||Shijiazhuang Baoshi Electronic||
|Other payable||264,000.00|
||vacuum Glass Co., Ltd.||

XI. Stock payment
1. The Stock payment overall situation
□ Applicable√ Not applicable
2. The Stock payment settled by equity
√ Applicable□Not applicable
In RMB
|||
|-|-|
|Method for determining the granted fair value of the equity|Stock incentive plan announcement before the company stock|
|instruments|price the 20 trading days to 50%|
|The current period with the previous estimate of reasons to differ m||
||N/A|
|aterially from estimated||
|The cumulative amount of equity-settled share-based payment||
||4,248,900.00|
|recognized in the capital reserve||
|The total cost of the current period equity-settled share-based paym||
||3,186,600.00|
|ent confirmation||

3. The Stock payment settled by cash
□ Applicable√ Not applicable
XII. Commitments
1. Significant commitments
Significant commitments at balance sheet date
As of 30 Jun. 2015, there was no significant commitment or contingency in the Group.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 XIII.. Notes s of main items in financial reports of parent company
1.Account receivable
(1).Classification accojunt receivables.
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Amount in year-end|||||Amount in year-beginning|||||
||Book Balance||Bad debt provision|||Book Balance||Bad debt provision|||
|Classification|||||Book|||||Book|
||Amount|Proportio|Amount|Proportion(%)||Amount|Proportio|Amount|Proportion(||
||||||balance|||||balance|
|||n(%)|||||n(%)||%)||
|Receivables with|||||||||||
|major individual|||||||||||
|amount and bad debt|||||||||||
|provision provided|||||||||||
|individually||||||6,661,7||6,661,700|||
||||||||30.20%||100.00%||
|receivables with||||||00.00||.00|||
|major individual|||||||||||
|amount and bad debt|||||||||||
|provision provided|||||||||||
|individually|||||||||||
|Account receivable|||||||||||
|with minor individual|19,436,284.22||2,931,41||16,504,86|15,395,||2,899,932||12,495,493.|
|||100.00%||15.08%|||69.80%||18.83%||
|amount but bad debt|||5.60||8.62|425.47||.18||29|
|provision is provided|||||||||||
||19,436,284.22||2,931,41||16,504,868.62|22,057,||9,561,632||12,495,493.29|
|Total||||15.08%|||||43.34%||
||||5.60|||125.47||.18|||

 Accounts receivable of individual significance and subject to individual impairment assessment.
□Applicable√ Not applicable
Account reveivable on which bad debt proisions are provided on age basis in the group
√ Applicable□ Not applicable
In RMB
|||||
|-|-|-|-|
||Year-end balance|||
|Aging||||
||Account receivable|Bad debt provision|Proportion|
|Withitem 1 year||||
|1-2 years|1,009,668.39|100,966.84|10.00%|
|Over 5 years|2,830,448.76|2,830,448.76|100.00%|
|Total|3,840,117.15|2,931,415.60|76.33%|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 Notes：
Receivable account in Group on which bad debt provisions were provided on percentagebasis：
□Applicable√Not applicable
name 2015.6.30 Bad debt provision
Other group 15,596,167.07
(2) Bad debt provision withdrawal, reversed or recovered in the report period
The current amount of provision for bad debts is RMB31,483.42; recovery or payback for bad debts Amount is RMB6,661,700.00. Significant amount of reversed or recovered bad debtprofision：
In RMB
||||
|-|-|-|
|Name|Amount|Method|
|Baoshi TV Plant|6,661,700.00|Received|
|Total|6,661,700.00|--|

(3) Top five of account receivable of closing balance collected by arrears party
The total receivable amount of top five closing balances collected by the debtors in the current reporting period is RMB
12,331,449.62, which accounts for63.45% of the total other receivables. The total amount of balances in the end of the period for corresponding accrued bad-debt provision is RMB 2,565,854.05.
2.Other receivable
(1)Category of Other receivable
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Amount in year-end|||||Amount in year-beginng|||||
||Book Balance||Bad debt provision|||Book Balance||Bad debt provision|||
|Classification|||||Book||||||
||Amount|Proportio|Amount|Proportio||Amount|Proportio|Amount|Proportion(|Book value|
||||||value||||||
|||n(%)||n(%)|||n(%)||%)||
|Account receivable|||||||||||
|with minor individual|1,088,65||2,902,08||1,085,755|319,713||2,845,794||316,867,75|
|||100.00%||0.27%|||100.00%||0.89%||
|amount but bad debt|8,065.48||9.73||,975.75|,549.26||.38||4.88|
|provision is provided|||||||||||
||1,088,65||2,902,08||1,085,755,975.75|319,713||2,845,794||316,867,754.88|
|Total||100.00%||0.27%|||100.00%||0.89%||
||8,065.48||9.73|||,549.26||.38|||

Other Receivable accounts on which bad debt provisions are provided by other ways in theportfolio：
□Applicable√Not applicable
Other receivable accounts in Group on which bad debt provisions were provided on age analyzebasis：
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015√ Applicable□Not applicable
In RMB
|||||
|-|-|-|-|
||Amount in year-end|||
|Aging||||
||Other receivable|Bad debt provision|Withdrawal proportion|
|Subitem within 1 year||||
|Subtotal within 1 year|485,541.91|24,277.10|5.00%|
|1-2 years|718,105.55|71,810.55|10.00%|
|Over 5 years|2,806,002.08|2,806,002.08|100.00%|
|Total|4,009,649.54|2,902,089.73|72.37%|

 Notes:
Other receivable account in Group on which bad debt provisions were provided on percentagebasis：
□Applicable√Not applicable
Other Receivable accounts on which bad debt provisions are provided by other ways in theportfolio：
√Applicable□Not applicable
|||
|-|-|
|Name|Book balance|
|Other Group|1,084,648,415.94|

（2）Bad debt provision withdrawal, reversed or recovered in the report period.
The amount of bad debt provision was RMB61,795.35, The amount of reversed or recovered bad debt provision in the report period RMB5,500.00.
Significant amount of reversed or recovered bad debtprovision：
In RMB
||||
|-|-|-|
|Name|Amount|Method|

（3）Other account receivable classified by account nature
In RMB
||||
|-|-|-|
|Nature|Closing book value|Opening book value|
|Deposit||10,000,000.00|
|Pretty cash|1,740,056.17|1,910,852.12|
|Transfers|1,086,641,226.53|305,301,689.86|
|To pay|130,129.79||
|Export rebate|146,652.99|43,522.96|
|Personal insurance and provident fund||1,104,926.88|
|Other||1,352,557.44|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Total|1,088,658,065.48|319,713,549.26|

 (4) The top five other account receivable classified by debtor at period end
In RMB
|||||||
|-|-|-|-|-|-|
||||||Closing balance of|
|Name|Nature|Closing balance|Aging|Proportion %||
||||||bad debt prof=vision|
|Beijing Xufeng||||||
||Related party|854,178,400.00|Credit period|78.46%||
|Property Co., Ltd.||||||
|Wuhu Dongxu||||||
|Optoelectronic||||||
||Related party|162,880,000.00|Credit period|14.96%||
|Technology Co., Ltd.||||||
|Sichuan Ruiyi||||||
|Construction|Related party|30,890,674.27|Credit period|2.84%||
|Engineering Co., Ltd.||||||
|Shijiazhuang Dongxu||||||
|Optoelectronic||||||
||Related party|29,630,448.10|Credit period|2.72%||
|Equipment||||||
|Technology Co., Ltd.||||||
|Changan International||||||
||Non-related party|5,000,000.00|Credit period|0.46%||
|Trust Co., Ltd.||||||
|Total|--|1,082,579,522.37|--|99.44%||

3.Long-term equity investment
In RMB
||||||||
|-|-|-|-|-|-|-|
||Year-end balance|||Year-beginning balance|||
|Items||Bad debt|||Bad debt||
||Book balance||Book value|Book balance||Book value|
|||provision|||provision||
|Investment to the|||||||
||5,722,929,985.33|378,172,649.84|5,344,757,335.49|5,475,084,685.33|378,172,649.84|5,096,912,035.49|
|subsidiary|||||||
|Investment to|||||||
|joint ventures and|||||||
||71,971,922.26||71,971,922.26||||
|associated|||||||
|enterprises|||||||
|Total|5,794,901,907.59|378,172,649.84|5,416,729,257.75|5,475,084,685.33|378,172,649.84|5,096,912,035.49|

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015（1）Investment to the subsidiary
In RMB
||||||||
|-|-|-|-|-|-|-|
||||||Withdrawn||
|||||||Closing balance|
||||||impairment||
|Name|Opening balance|Increase|Decrease|Closing balance||of impairment|
||||||provision in the||
|||||||provision|
||||||reporting period||
|Shijiazhuang|||||||
|Baoshi Color Bulb|439,341,956.80|||439,341,956.80||378,172,649.84|
|Co., Ltd.|||||||
|Hebei Xubao|||||||
|Construction|||||||
|Engineering|100,000,000.00|||100,000,000.00|||
|Installation Co.,|||||||
|Ltd.|||||||
|Wuhu Dongxu|||||||
|Optoelectronic|||||||
|Equipment|93,100,000.00|||93,100,000.00|||
|Technology Co.,|||||||
|Ltd.|||||||
|Wuhu Dongxu|||||||
|Optoelectronic|||||||
||4,711,064,000.00|||4,711,064,000.00|||
|Technology Co.,|||||||
|Ltd.|||||||
|Sichuan Ruiyi|||||||
|Construction|||||||
||100,453,728.53|||100,453,728.53|||
|Engineering Co.,|||||||
|Ltd.|||||||
|Wuhan Dongxu|||||||
|Optoelectronic|||||||
||3,125,000.00|||3,125,000.00|||
|Technology Co.,|||||||
|Ltd.|||||||
|Beijing Xufeng|||||||
|Real Estate Co.,|20,000,000.00|||20,000,000.00|||
|Ltd.|||||||
|Dongxu|||||||
|（Kunshan）|||||||
||8,000,000.00|70,000,000.00||78,000,000.00|||
|Display Material|||||||
|Co., Ltd.|||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||||
|-|-|-|-|-|
|Jiangsu Jixing|||||
|New Material Co.,||167,345,300.00|167,345,300.00||
|Ltd.|||||
|Beijing Xutan|||||
|New Material|||||
|||10,500,000.00|10,500,000.00||
|Technology Co.,|||||
|Ltd.|||||
|Less：|||||
|Long-terminvest|||||
|ment depreciation|||||
|reserves|||||
|Total|5,475,084,685.33|247,845,300.00|5,722,929,985.33|378,172,649.84|

（2）Investment to joint ventures and associated enterprises
In RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||Increase /decrease in reporting period||||||||||
||||||||||||Closing|
||||||Adjustme|||||||
|||||||||Withdraw|||balance|
||||Decrease|Gain/loss|nt of||Declarati|||||
||Opening|Add||||Other||n||Closing|of|
|Name||||||||||||
||||d|of|other||on of cash|||||
||balance|investmen||||equity||impairme|Other|balance|impairme|
||||investmen|Investme|comprehe||dividends|||||
|||t||||changes||nt|||nt|
||||t|nt|nsive||or profit|||||
|||||||||provision|||provision|
||||||income|||||||
|I. Joint ventures||||||||||||
|II. Associated enterprises||||||||||||
|Zhongda||||||||||||
|Chengx||||||||||||
|in||||||||||||
|Internat||||||||||||
|ional||72,000,00||-28,077.7||||||71,971,92||
|Comm||0.00||4||||||2.26||
|ercial||||||||||||
|Factori||||||||||||
|ng Co.,||||||||||||
|Ltd.||||||||||||
|||72,000,00||||||||71,971,92||
|Subtotal||||28,077.74||||||||
|||0.00||||||||2.26||
|||72,000,00||||||||71,971,922.26||
|Total||||28,077.74||||||||
|||0.00||||||||||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015 4.Business income and Business cost
In RMB
||||||
|-|-|-|-|-|
||Amount of current period||Amount of previous period||
|Items|||||
||Income|Cost|Income|Cost|
|Main business|2,792,700.86|3,321,758.79|21,248,661.04|16,536,799.08|
|Other business|4,502,136.76|146,629.82|55,897.44|1,886,276.86|
|Total|7,294,837.62|3,468,388.61|21,304,558.48|18,423,075.94|

 OtherNotes：
5. Investment income
In RMB
||||
|-|-|-|
|Items|Amount of current period|Amount of previous period|
|Income from long-term equity investment|||
||-28,077.74||
|measured by adopting the Equity method|||
|Total|-28,077.74||

XIIII. Supplementary Information
1.Current non-recurring gains/losses
√ Applicable□Not applicable
In RMB
||||
|-|-|-|
|Items|Amount|Notes|
|Gains/Losses on the disposal of non-current|||
||-35,050.57||
|assets|||
|Government grants recognized in the current|||
|period, except forthose acquired in the|||
|ordinary course of business or granted at|186,458,166.64||
|certain quotas or amounts according to the|||
|country‟s unified standards|||
|Gains due to that the investment costs for the|||
|Company to obtain subsidiaries, associates|||
|and joint ventures are lower than the|||
||18,763,137.14||
|enjoyable fair value of the identifiable net|||
|assets of the investees when making the|||
|investments|||

Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015
||||
|-|-|-|
|Gain/loss on loans obtained by entrusting|||
||3,500,000.00||
|others|||
|Other non-operating income and expenditure|||
||2,621,178.79||
|beside for the above items|||
|Less: Influenced amount of income tax|28,493,864.18||
|Amount of influence of minority interests|5,319,509.99||
|Total|177,494,057.83|--|

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||
|Profit of the report period|Return on net assets . Weighted（%）|||
|||Basic earnings per share|Diluted gains per share|
|Net profit attributable to the||0.160|0.160|
|Common stock shareholders of|6.64%|||
|Company.||||
|Net profit attributable to the||||
|Common stock shareholders of||||
||3.92%|0.10|0.10|
|Company after deducting of||||
|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
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2015Ⅹ. Documents available for inspection
1.The original 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.
【Notes】This Report has been prepared in both Chinese and English. In case of any discrepancy, the Chinese version shall prevail.
Dongxu Optoelectronic Technology Co., Ltd.
Chairman: Li Zhaoting
Issue day approved by the Board ofDirectors：August 28,2015