TigerResearch/tigerbot-earning-plugin huggingface dataset:
The Company needs to comply with the disclosure requirements of the real estate industry in the Guidelines for the Self-discipline and Supervision of Listed Companies of Shenzhen Stock Exchange No. 3 - Industry Information Disclosure.
Classified by nature:
Item| Closing balance||| Opening balance||
| Remaining book value| Provision for inventory depreciati on or contract performan ce cost impairme nt provision| Book value| Remaining book value| Provision for inventory depreciati on or contract performan ce cost impairme nt provision| Book value
 Development cost|219,112,637.71||219,112,637.71|214,159,331.62||214,159,331.62
 Development products|150,695,868.79||150,695,868.79|215,045,857.53||215,045,857.53
 Contract performance costs|88,165,638.94||88,165,638.94|120,770,607.88||120,770,607.88
 Raw materials|124,041,162.65||124,041,162.65|87,964,749.50||87,964,749.50
 Product in process|95,231,082.82||95,231,082.82|71,066,791.34||71,066,791.34
Finished goods in stock|8,937,351.29||8,937,351.29|7,514,662.13||7,514,662.13
 Low price consumable|193,880.28||193,880.28|190,365.86||190,365.86
 OEM materials|22,479,288.26||22,479,288.26|16,568,559.12||16,568,559.12
 Goods delivered|1,675,486.58||1,675,486.58|||
 Total|710,532,397.32||710,532,397.32|733,280,924.98||733,280,924.98
Development cost and capitalization rate of its interest are disclosed as follows:
Project name| Starting time| Estimat ed finish time| Estimat ed total investm ent| Openin g balance| Transfe rred to develop ment product in this period| Other decreas e in this period| Increas e(develo pment cost) in this period| Closing balance| Accum ulative capitali zed interest| Includi ng: capitali zed interest for the current period| Capital source
 Dakang Village Project in Shenzh en| Decem ber 1,2024| Decem ber 31,2030|3,600,000,000.00|199,023,484.28|0.00|0.00|1,185,633.64|200,209,117.92|0.00|0.00| Bank loan and self- owned fund
 Fangda Bangsh en Industr y Park| Decem ber 1,2023| Decem ber 31,2025|870,000,000.00|15,135,847.34|0.00|0.00|3,767,672.45|18,903,519.79|0.00|0.00|
 Total|--|--|4,470,000,000.|214,159,331.62|0.00|0.00|4,953,306.09|219,112,637.71|0.00|0.00|--
|||00||||||||
Disclose the main project information of "Development Products" according to the following format:
Project name| Completion time| Opening balance| Increa se| Decrease| Closing balance| Accumulative capitalized interest| Including: capitalized interest for the current period
 Phase I of Fangda Town|29 December2016|62,930,177.37||40,394,785.98|22,535,391.39|867,152.26|0.00
 Nanchang Fangda Center| April 27,2021|152,115,680.16||23,955,202.76|128,160,477.40|4,956,638.66|0.00
 Total|--|215,045,857.53||64,349,988.74|150,695,868.79|5,823,790.92|0.00
(2) Capitalization rate of interest in the closing inventory balance
As of December 31, 2022, the capitalization amount of borrowing costs in the ending inventory balance is RMB5,823,790.92.
10. Contract assets
Item| Closing balance||| Opening balance||
| Remaining book value| Impairment provision| Book value| Remaining book value| Impairment provision| Book value
 Completed and unsettled project funds that fail to meet the collection conditions|2,176,000,625.48|173,393,371.22|2,002,607,254.26|1,846,449,787.26|146,621,352.05|1,699,828,435.21
 Quality guarantee deposit that fails to meet the collection conditions|133,413,895.62|19,336,873.48|114,077,022.14|57,766,007.09|8,365,574.02|49,400,433.07
 Sales funds with conditional collection right|42,541,809.75|365,427.72|42,176,382.03|34,103,742.16|384,937.31|33,718,804.85
 Total|2,351,956,330.85|193,095,672.42|2,158,860,658.43|1,938,319,536.51|155,371,863.38|1,782,947,673.13
The amount and reasons for major changes in the book value of contract assets during the current period:
Item| Change| Reason
 Completed and unsettled project funds|329,550,838.22| This is mainly due to the unsettled project funds with conditional collection rights
||arising from the revenue recognized in the project contract this year
 Warranty|75,647,888.53| It is mainly caused by the increase of warranty deposit due within one year
 Total|405,198,726.75|——
If the provision for bad debts of contract assets is made in accordance with the general model of expected credit losses, please refer to the disclosure of other receivables to disclose information about bad debts:
Provision made for bad debts of contract assets in this period
Item| Provision| Transferred back in the current period| Written off in the current period| Reason
 Separate bad debt provision|-9,455,813.64|||
 Provision for bad debts by combination|47,179,622.68|||
 Total|37,723,809.04|||——
11. Other current assets
Item| Closing balance| Opening balance
 Reclassification of VAT debit balance|174,264,248.29|145,743,267.08
 Overpayment and prepayment of income tax|3,997,524.27|98,092,258.00
 Other prepaid taxes|3,348,706.84|8,520,856.65
 Payment to be collected on behalf of suppliers|12,015,367.57|
 Subsidiary IPO intermediary fee|2,064,871.00|
 Deferred discount expenses and others|5,291,245.63|12,430,124.56
 Total|200,981,963.60|264,786,506.29
12. Long-term share equity investment
Investe d entity| Openin g book value| Change (+,-)|||||||| Closing book value| Balance of impair ment provisi on at the end of the period
|| Increas ed invest ment| Decreas ed investm ent| Investm ent gain and loss recogni zed using the equity method| Other miscell aneous income adjustm ent| Other equity change| Cash dividen d or profit announ ced| Impair ment provisi on| Others||
1. Joint venture|||||||||||
2. Associate|||||||||||
 Gansha ng Joint|2,365,399.31|||20,096.59||||||2,385,495.90|
 Investm ent|||||||||||
 Jiangxi Busines s Innovat ive Propert y Joint Stock(Jiangxi Busines s Inovati on)|52,853,546.83|||-270,000.59||||||52,583,546.24|
 Subtota l|55,218,946.14|||-249,904.00||||||54,969,042.14|
 Total|55,218,946.14|||-249,904.00||||||54,969,042.14|
13. Investment in other equity tools
Item| Closing balance| Opening balance
 Unlisted equity instrument investment|11,968,973.86|14,180,652.65
 Total|11,968,973.86|14,180,652.65
Sub-disclosure of non-tradable equity instrument investment in the current period
Project name| Dividend recognized in the period| Total gain| Total loss| Amount of other comprehe nsive income transferre d to retained earnings| Reason for measurement at fair value with variations accounted into current income account| Reason for transfer of other miscellaneou s into income
 Shenyang Fangda|||16,593,601.81|||
 Shenzhen Huihai Yirong Internet Service Co., Ltd.|||3,779,277.52|||
14. Other non-current financial assets
Item| Closing balance| Opening balance
 Financial assets measured at fair value with variations accounted into current income account|7,507,434.68|7,525,408.24
 Total|7,507,434.68|7,525,408.24
15. Investment real estates
(1) Investment real estate measured at costs
Item| Houses & buildings| Total
 I. Book value||
1. Opening balance|17,388,824.39|17,388,824.39
2. Increase in this period||
3. Decrease in this period||
4. Closing balance|17,388,824.39|17,388,824.39
 II. Accumulative depreciation and amortization||
1. Opening balance|7,253,011.36|7,253,011.36
2. Increase in this period|449,408.04|449,408.04
(1) Provision or amortization|449,408.04|449,408.04
3. Decrease in this period||
4. Closing balance|7,702,419.40|7,702,419.40
 III. Impairment provision||
1. Opening balance||
2. Increase in this period||
3. Decrease in this period||
4. Closing balance||
 IV. Book value||
1. Closing book value|9,686,404.99|9,686,404.99
2. Opening book value|10,135,813.03|10,135,813.03
(2) Investment real estate measured at fair value
Item| Houses & buildings| Total
 I. Opening balance|5,755,216,580.10|5,755,216,580.10
 II. Change in this period|-4,385,407.98|-4,385,407.98
 Add: Transfer-in from inventory\fixed assets\construction in progress|27,649,775.66|27,649,775.66
 Less: disposal|8,622,022.15|8,622,022.15
 Other transfer-out|17,660,490.58|17,660,490.58
 Change in fair value|-5,752,670.91|-5,752,670.91
 III. Closing balance|5,750,831,172.12|5,750,831,172.12
Disclosure of investment real estate measured at fair value by projects
Project name| Location| Completion time| Building area| Rental income in the report period| Opening fair value| Closing fair value| Change in fair value| Reason for the change and report
 Fangda Town commerci al and office buildings| Shenzhen| October 11,2017, December 29,2018|95,083.13|114,099,793.05|4,985,487,880.63|4,968,727,749.00|-0.34%| The main recognition basis of the fair value is the real estate appraisal report"SWJPZ[2023] SZ No.002 and No.003" issued by Shenzhen Wenji Land Real Estate Appraisal Engineering Consulting Co., Ltd
 Fangda Building| Shenzhen|28 December2002|17,725.36|17,550,588.65|329,471,982.00|333,236,768.00|1.14%|
 Nanchang Fangda Center| Nanchang| December 10,2020|37,270.58|11,667,537.01|436,493,838.47|423,314,763.12|-3.02%|
 Others| Beijing, Changchu n, Guiyang, Shaoguan, etc||2,610.04|77,683.38|3,762,879.00|25,551,892.00|579.05%| The main recognition basis of fair value is: the real estate appraisal report(SWJPZ[2023] SZ No.004- No.008) issued by Shenzhen Wenji Land Real Estate Appraisal Engineering Consulting Co., Ltd; The change of 579.05% in fair value in the current period is
||||||||mainly due to the change of some fixed assets into investment real estate for external lease. For details, see"New Investment Real Estate Measured by Fair Value in the Current Period".
 Total|||152,689.11|143,395,602.09|5,755,216,580.10|5,750,831,172.12|-0.08%|
Whether the Company has investment real estate in the current construction period□Yes No
Whether there is new investment real estate measured at fair value in the report periodYes □No
Newly-added investment real estate measured by fair value in the current period:
Project name| Original accounting method| Original book value| Recorded fair value| Closing fair value| Change time| Different handling method and basis
 Others| Fixed assets, measured at cost|25,862,101.38|21,875,821.00|21,875,821.00| September30, 2022| According to the relevant provisions of the investment real estate standard, when converting fixed assets into investment real estate measured at fair value, the difference between the fair value on the date of conversion and the original book value is included in other comprehensive income, and the difference between the fair value and the original book value is included in the current profit and loss
 Total||25,862,101.38|21,875,821.00|21,875,821.00||
(3) Investment real estate without ownership certificate
Item| Book value| Reason
 Others|1,574,816.00| Affected by the COVID-19, it has not been handled yet
 Total|1,574,816.00|
1The fair value of some real estate in Fangda Town is RMB1,951,090,984.51, which has been mortgaged to the loan of China Construction Bank Shenzhen OCT sub branch. The loan has not expired and has not been released; The fair value of some real estate in fangdacheng is RMB1,342,642,490.00, which has been mortgaged to the loan of Shenzhen Dongbin branch of Huaxia Bank. The loan has not expired and has not been released.
2Other transfer-out in the current period is due to the need of business development. The company transferred out the amount of RMB3,032,342.13 by transferring some houses from external rental to self-use, and reduced the original estimated cost by
RMB14,628,148.45 according to the actual settlement.
16. Fixed assets
Item| Closing balance| Opening balance
 Fixed assets|646,812,853.36|663,414,297.61
 Total|646,812,853.36|663,414,297.61
(1) Fixed assets
Item| Houses & buildings| Mechanical equipment| Transportation facilities| Electronics and other devices| PV power plants| Total
 I. Book value||||||
1. Opening balance|610,564,471.12|120,638,873.28|21,390,928.69|50,870,105.77|129,596,434.84|933,060,813.70
2. Increase in this period|33,554,678.91|10,901,279.31|1,773,951.04|2,475,883.36|0.00|48,705,792.62
(1) Purchase|187,307.90|10,901,279.31|1,751,256.55|2,475,883.36||15,315,727.12
(2) Transfer-in of construction in progress|20,892,009.41|||||20,892,009.41
(3) Other increases|12,475,361.60||22,694.49|||12,498,056.09
3. Decrease in this period|36,903,250.10|727,534.43|2,888,774.82|1,404,713.14|-|41,924,272.49
(1) Disposal or retirement|4,507,401.37|727,534.43|2,888,774.82|1,404,713.14||9,528,423.76
(2) Other decrease|32,395,848.73|||||32,395,848.73
4. Closing balance|607,215,899.93|130,812,618.16|20,276,104.91|51,941,275.99|129,596,434.84|939,842,333.83
 II. Accumulative||||||
depreciation||||||
1. Opening balance|96,553,528.93|91,086,675.44|16,472,796.03|30,931,249.97|34,505,796.22|269,550,046.59
2. Increase in this period|17,232,446.77|2,687,633.87|837,258.62|2,726,650.38|6,148,440.12|29,632,429.76
(1) Provision|17,232,446.77|2,687,633.87|825,212.90|2,726,650.38|6,148,440.12|29,620,384.04
(2) Other increases|||12,045.72|||12,045.72
3. Decrease in this period|1,761,858.91|650,994.84|2,599,897.33|1,236,714.30|0.00|6,249,465.38
(1) Disposal or retirement|331,360.01|650,994.84|2,599,897.33|1,236,714.30||4,818,966.48
(2) Other decrease|1,430,498.90|||||1,430,498.90
4. Closing balance|112,024,116.79|93,123,314.47|14,710,157.32|32,421,186.05|40,654,236.34|292,933,010.97
III. Impairment provision||||||
1. Opening balance||79,843.20||16,626.30||96,469.50
2. Increase in this period||||||
3. Decrease in this period||||||
4. Closing balance||79,843.20||16,626.30||96,469.50
 IV. Book value||||||
1. Closing book value|495,191,783.14|37,609,460.49|5,565,947.59|19,503,463.64|88,942,198.50|646,812,853.36
2. Opening book value|514,010,942.19|29,472,354.64|4,918,132.66|19,922,229.50|95,090,638.62|663,414,297.61
(2) Fixed assets without ownership certificate
Item| Book value| Reason
 Yuehai Office Building C 502|112,420.05| Historical reasons
1On December 31, 2022, the net value of RMB44,751,777.53 in the Company's houses and buildings has been mortgaged to China Construction Bank Shenzhen Overseas Chinese Town Sub-branch for loans.
2Among the changes in the current period, the increase of houses and other buildings was RMB12,475,361.6, which was caused by the receipt of mortgaged properties by the subsidiary Fangda Construction Section.
3In the current period, the house and other buildings decreased by RMB32,395,848.73, of which the Company reduced
RMB31,398,815.30 by transferring some houses from self-use to external lease due to the need of business development, and the original estimated amount decreased by RMB997,033.43 due to settlement adjustment.
22. Construction in process
Item| Closing balance| Opening balance
 Construction in process||11,642,444.21
 Total||11,642,444.21
(1) Construction in progress
Item| Closing balance||| Opening balance||
| Remainin g book value| Impairme nt provision| Book value| Remaining book value| Impairment provision| Book value
 Construction and decoration of self use part of Fangda Center||||11,642,444.21||11,642,444.21
 Total||||11,642,444.21||11,642,444.21
(2) Changes in major construction in process in this period
Project name| Budget| Openi ng balanc e| Increas e in this period| Amou nt transfe r-in to fixed assets in this period| Other decrea se in this period| Closin g balanc e| Propor tion of accum ulative engine ering invest ment in the budget| Project progre ss| Accum ulative capital ized interes t| Includi ng: capital ized interes t for the current period| Interes t capital ization rate| Capital source
 Constr uction and decora tion of self use part of Fangd a Center|13,000,000.00|11,642,444.21|3,649,003.82|15,291,448.03|||117.63%| Compl eted|282,357.24||| Loans from financi al institut ions+ self- owned fund
 Total|13,000,000.00|11,642,444.21|3,649,003.82|15,291,448.03|||||282,357.24|||
25. Use right assets
Item| Houses & buildings| Transportation facilities| Total
 I. Book value|||
1. Opening balance|37,075,290.17|1,319,251.12|38,394,541.29
2. Increase in this period|1,747,335.34||1,747,335.34
3. Decrease in this period|915,139.57||915,139.57
4. Closing balance|37,907,485.94|1,319,251.12|39,226,737.06
 II. Accumulative depreciation|||
1. Opening balance|6,344,621.50|609,063.25|6,953,684.75
2. Increase in this period|12,548,843.12|609,063.24|13,157,906.36
(1) Provision|12,548,843.12|609,063.24|13,157,906.36
3. Decrease in this period|334,547.45||334,547.45
4. Closing balance|18,558,917.17|1,218,126.49|19,777,043.66
 III. Impairment provision|||
1. Opening balance|||
2. Increase in this period|||
3. Decrease in this period|||
4. Closing balance|||
 IV. Book value|||
1. Closing book value|19,348,568.77|101,124.63|19,449,693.40
2. Opening book value|30,730,668.67|710,187.87|31,440,856.54
Note: The depreciation amount of use right assets in 2022 is RMB13,157,906.36.
26. Intangible assets
Item| Land using right| Patent| Unpatented technologies| Trademarks, patents and know-how| Software| Total
 I. Book value||||||
1. Opening balance|80,404,737.13|||8,989,350.94|21,627,838.43|111,021,926.50
2. Increase in this period||||24,421.75|1,901,262.23|1,905,500.53
(1) Purchase||||24,421.75|1,901,262.23|1,925,683.98
3. Decrease in this period||||||
4. Closing balance|80,404,737.13|||9,013,772.69|23,529,100.66|112,947,610.48
II. Accumulative amortization||||||
1. Opening balance|17,370,871.00|||8,652,629.93|9,798,712.74|35,822,213.67
2. Increase in this period|2,295,272.94|||147,141.86|2,003,537.75|4,445,952.55
(1) Provision|2,295,272.94|||147,141.86|2,003,537.75|4,445,952.55
3. Decrease in||||||
this period||||||
4. Closing balance|19,666,143.94|||8,799,771.79|11,802,250.49|40,268,166.22
III. Impairment provision||||||
1. Opening balance||||||
2. Increase in this period||||||
3. Decrease in this period||||||
4. Closing balance||||||
 IV. Book value||||||
1. Closing book value|60,738,593.19|||214,000.90|11,726,850.17|72,679,444.26
2. Opening book value|63,033,866.13|||336,721.01|11,829,125.69|75,199,712.83
27. Long-term amortizable expenses
Item| Opening balance| Increase in this period| Amortized amount in this period| Other decrease| Closing balance
 Xuanfeng Chayuan village and Zhuyuan village land transfer compensation|1,028,527.10||56,101.56||972,425.54
 Reconstruction project of sample room|231,427.38||115,713.60||115,713.78
 Membership fee|193,749.80|900,000.00|388,749.84||704,999.96
 Waterproofing works for employee dormitories|472,886.09||92,507.31|380,378.78|
 Management consulting service fee|178,466.08||64,896.72||113,569.36
 Warehouse addition and renovation project|151,376.19||60,550.44||90,825.75
Dahuaxin Dongguan Songshanhu rubber area interlayer transformation|180,428.08||180,428.08||
 Factory wall painting and rolling shutter door engineering|172,368.00||45,964.80||126,403.20
 Property insurance premium|237,369.99|84,625.00|252,975.91||69,019.08
 Plant ground reconstruction project|319,593.71||87,162.00||232,431.71
 High voltage network access fee of East China base|794,750.23||307,645.32||487,104.91
 Sporadic decoration and renovation costs of Fangda||4,724,856.77|809,024.66||3,915,832.11
 Town|||||
Sporadic decoration and renovation costs of Fangda Center||1,184,221.28|114,961.72||1,069,259.56
 Others|1,427,827.57|1,705,270.63|1,112,514.27|173,507.88|1,847,076.05
 Total|5,388,770.22|8,598,973.68|3,689,196.23|553,886.66|9,744,661.01
28. Differed income tax assets and differed income tax liabilities
(1) Non-deducted deferred income tax assets
Item| Closing balance|| Opening balance|
| Deductible temporary difference| Deferred income tax assets| Deductible temporary difference| Deferred income tax assets
 Assets impairment provision|295,671,508.97|54,047,399.06|257,631,149.84|48,121,014.85
 Unrealized profit of internal transactions|281,819,399.92|55,869,584.56|281,712,399.14|55,842,834.37
 Deductible loss|160,102,622.27|32,419,194.27|194,235,656.90|44,060,479.20
 Credit impairment provision|249,948,173.84|39,913,829.96|216,539,086.13|34,918,828.89
 Unrealizable gross profit|112,847,972.30|27,307,162.73|114,199,793.34|27,967,001.62
Anticipated liabilities|3,372,553.84|505,883.08|6,347,809.40|1,161,300.00
 Deferred earning|3,610,875.25|558,241.49|3,674,964.26|551,244.65
 Change in fair value|5,433,747.37|815,062.11|1,079,130.19|161,869.53
 Tax differences under new lease criteria|1,316,989.65|195,214.63|274,185.93|43,127.01
 Accrued and unpaid land tax|20,133,488.43|5,033,372.11||
 Reserved expense|22,640,219.20|3,396,032.88|8,640,219.18|1,296,032.88
 Total|1,156,897,551.04|220,060,976.88|1,084,334,394.31|214,123,733.00
(2) Non-deducted deferred income tax liabilities
Item| Closing balance|| Opening balance|
| Taxable temporary difference| Deferred income tax liabilities| Taxable temporary difference| Deferred income tax liabilities
 Change in fair value|4,188,015,507.12|1,046,924,956.27|4,199,023,889.76|1,049,649,013.70
 Acquire premium to form inventory|1,535,605.47|383,901.37|1,535,605.47|383,901.37
 Estimated gross margin when Fangda Town records income, but does not reach the taxable income level|38,783,686.70|9,695,921.68|31,539,658.09|7,884,914.52
 Rental income|32,671,966.71|8,167,991.68|34,856,116.84|8,714,029.21
 Total|4,261,006,766.00|1,065,172,771.00|4,266,955,270.16|1,066,631,858.80
(3) Net deferred income tax assets or liabilities listed
Item| Deferred income tax assets and liabilities at the end of the period| Offset balance of deferred income tax assets or liabilities after offsetting| Deferred income tax assets and liabilities at the beginning of the period| Offset balance of deferred income tax assets or liabilities after offsetting
 Deferred income tax assets||220,060,976.88||214,123,733.00
 Deferred income tax liabilities||1,065,172,771.00||1,066,631,858.80
(4) Details of unrecognized deferred income tax assets
Item| Closing balance| Opening balance
 Deductible temporary difference|146,089.64|554,677.54
 Deductible loss|16,177,447.74|10,345,101.90
 Total|16,323,537.38|10,899,779.44
(5) Deductible losses of the un-recognized deferred income tax asset will expire in the following years
Year| Closing amount| Opening amount| Remarks
2022||1,233,589.22|
2023|4,575,983.46|4,575,983.46|
2024|1,276,235.76|1,276,235.76|
2025|213,129.83|213,129.83|
2026|2,355,213.17|3,046,163.63|
2027|7,756,885.52||
 Total|16,177,447.74|10,345,101.90|
29. Other non-current assets
Item| Closing balance||| Opening balance||
| Remaining book value| Impairment provision| Book value| Remaining book value| Impairment provision| Book value
 Contract assets|105,183,978.15|5,709,693.38|99,474,284.77|72,288,658.32|7,952,729.45|64,335,928.87
 Prepaid house and equipment amount|73,077,190.00|0.00|73,077,190.00|35,693,402.77|0.00|35,693,402.77
 Certificate of deposit|316,929,580.18|0.00|316,929,580.18|306,738,886.82|0.00|306,738,886.82
 Others|2,005,361.70|0.00|2,005,361.70|1,088,296.93|0.00|1,088,296.93
 Total|497,196,110.03|5,709,693.38|491,486,416.65|415,809,244.84|7,952,729.45|407,856,515.39
30. Short-term borrowings
(1) Classification of short-term borrowings
Item| Closing balance| Opening balance
 Loan by pledge||58,450,232.49
 Guarantee loan|120,136,861.08|10,013,291.67
 Credit borrow|300,247,500.00|302,354,444.46
 Discount borrowing of acceptance bills|797,889,951.95|916,656,430.03
 Factoring loan of accounts receivable|59,903,587.53|
 Guarantee and pledge loan|40,060,622.22|
 Total|1,318,238,522.78|1,287,474,398.65
Other notes: among the guaranteed loans at the end of the period, the amount of RMB80,093,194.44 was guaranteed by the
company for the subsidiary, Dajian Technology Co., Ltd; The amount of RMB30,031,166.64 is guaranteed by the company for the subsidiary Fangda Zhiyuan Technology Co., Ltd; The amount of RMB10,012,500.00 is guaranteed by the company for its
subsidiary Yunzhu Technology Co., Ltd. The Company and Shenzhen Hi-tech Investment and Financing Guarantee Co., Ltd.
provide guarantee for the guarantee and pledge loan at the end of the period for the subsidiary party Dajian Technology Co., Ltd., and the subsidiary party Dajian Technology Co., Ltd. provides pledge guarantee with its intellectual property right "unitary
porcelain plate curtain wall".
31. Derivative financial liabilities
Item| Closing balance| Opening balance
 Forward foreign exchange contract|293,400.00|11,871.20
 Total|293,400.00|11,871.20
32. Notes payable
Type| Closing balance| Opening balance
 Commercial acceptance|44,531,921.12|185,747,490.66
 Bank acceptance|690,358,287.44|663,697,808.43
 Total|734,890,208.56|849,445,299.09