Government subsidies charged to current profit or loss (exclusive of government subsidies given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s uniform standards)200,818,821Not applicable
Selling expense159,592,940.002,182,421,040.00
display technology, semi-conductor and related businesses, as well as high-end materials andtechnological equipment, etc., which promotes technology and synergy. At the same time,investment value is created. By the end of the Reporting Period, the scale of funds managed by TCLventure capital business reached RMB8.989 billion, and it has invested in 118 projects cumulatively.Currently, it owns stocks like, CATL, Dynanonic, Willsemi, and other listed companies, and theinterest in Cambricon, Dkem, Transwarp, and other companies. Admiralty Harbour Capital obtainedNo. 6 license from HK SFC successfully during the Reporting Period and became an investmentbank with full licenses. During the Reporting Period, it completed 5 bonds issuing and underwritingprojects and 2 debt management projects. Its investment banking and asset management businessdeveloped healthily, with a superior performance. China Innovative Capital Management Limitedhas invested in more than 110 listed companies cumulatively with steady growth in performance. Itinvests mature companies related to the Company’s businesses.At the end of the Reporting Period, the Company invests some listed companies directly, includinga 19.07% interest in 712 Corp. (603712.SH), a 5.33% interest in Bank of Shanghai (601229.SH)and a 20.06% interest in Fantasia Holdings (01777.HK).
Including: Interest receivable
Oil and gas assets
Deferred income tax liabilities
Bank’s wealth management productN/AAgricultural Bank of China “Anxin Deli” Directional RMB Wealth Management Product30,000At fair value through profit or loss30,475--30730,782Held-for-trading financial assetsSelf-funded
Long-term payroll payable23,017,619.0023,017,619.00
Customer deposits and interbank deposits889,638,6251,355,128,509-34.4%Decrease in deposits received by TCL Finance Co., Ltd.
6. Total comprehensive income873,893,858.0081,386,006.00
Subtotal of cash generated from investing activities4,892,788,948.007,971,852,775.00
Held-for-trading financial liabilities731,256,011.00188,220,097.00
Subtotal of cash used in investing activities14,016,051,709.0014,759,115,748.00
6.2.3 Other comprehensive income arising from the reclassification of financial assets
Deferred income1,912,421,056.001,912,421,056.00
6.2.7 Other30,962,422.00
Disclosure date of general meeting announcement approving securities investment (if any)10 April 2019
Derivative financial assets159,035,592.00159,035,592.00
Long-term borrowings38,512,059,200.0038,512,059,200.00
Total liabilities35,956,491,432.0035,956,491,432.00
Investment property91,637,927.0092,622,685.00
Net cash generated from/used in operating activities2,299,183,493.002,243,903,241.00
Subtotal of cash generated from financing activities15,906,941,209.0013,168,823,900.00
Total liabilities and owners’ equity66,126,950,291.0066,126,950,291.00
Long-term receivables
Financial assets purchased under resale agreements
Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets23,052.0012,094,929.00
Capital reserves8,382,776,032.008,382,776,032.00
Specific reserve
Specific reserve
risk controllosses and locks transaction costs by reasonable financial derivatives, which helps to reduce risk control costs and improve company competitiveness. Risks are effectively controlled as the Company has taken series of measures such as conducting a rigorous internal evaluation for the operation of financial derivatives business, establishing a corresponding regulatory mechanism, formulating reasonable accounting policies and specific accounting principles, setting limits for risk exposure management, and operating simple financial derivatives. The contracting agent for financial derivatives business of the Company is a sound financial agent with good credit standing. The financial derivatives transactions carried out by the Company in Q1 2020 are closely related to the daily operation needs of the Company with controllable risks. The business is in line with the interests of minority shareholders of the company and the relevant laws and regulations.
4. Net profit (“-” for net loss)873,893,858.0081,386,006.00
Notes payable36,068,297.0030,282,528.00
Assets classified as held for sale
□ Applicable ■ Not applicable
TCL Corporation－The First Employee Stock Ownership PlanDomestic general legal person0.7399,148,115
Credit impairment loss (“-” for loss)-7,478,551.00-23,000,942.00
Goodwill
TCL FinancialTCL Capital
Net cash generated from/used in investing activities-9,123,262,761.00-6,787,262,973.00
Derivative financial liabilities84,704,591.0084,704,591.00
TCL Corporation－The First Employee Stock Ownership Plan99,148,115RMB-denominated ordinary stock99,148,115
Other non-current liabilities482,232.00482,232.00
ICBC Credit Suisse Asset Management Co., Ltd.－Agricultural Bank of China－ICBC Credit Suisse China Securities Financial Assets Management Plan74,761,500RMB-denominated ordinary stock74,761,500
Interbank loans obtained
Including: Share of profit or loss of joint ventures and associates265,646,202.00225,928,594.00
Current assets:
Other non-current assets5,619,189,251.004,250,658,887.00
Cost of sales12,743,745,92324,435,034,582-47.8%Asset restructuring
Bank’s wealth management productN/A2020 Structured Deposit for Corporate Clients Pegged Exchange Rate Customized Product Tranche 1, 28634,950At fair value through profit or loss-34,950-14935,099Held-for-trading financial assetsSelf-funded
Gain or loss on fair-value changes in held-for-trading and derivative financial assets and liabilities & income from disposal of held-for-trading and derivative financial assets and liabilities and other investments in debt obligations (exclusive of the effective portion of hedges that arise in the Company’s ordinary course of business)-35,311Not applicable
Other payables11,816,266,457.0012,293,565,901.00
Surplus reserves2,238,368,089.002,238,368,089.00
6.1.5 Other
Total assets164,844,884,926.00164,844,884,926.00
Construction in progress33,578,289,802.0033,578,289,802.00
31 March 202031 December 2019Change (%)
TCL TECH.
Taxes paid844,676,500.001,528,965,251.00
Taxes and surcharges38,902,775194,829,143-80.0%Asset restructuring
Perpetual bonds
5.1 By operating continuity
Total current liabilities41,287,029,476.0043,057,790,139.00
Net amount provided as insurance contract reserve
Provisions
Cash used in other financing activities1,332,082.00650,919,985.00
Net claims paid
Payments for investments1,969,900,000.001,992,870,615.00
2. Cash flows from investing activities:
Interest, handling charges and commissions paid
Total liabilities and owners’ equity172,763,657,093.00164,844,884,926.00
Unit: RMB
Advances from customers24,542,009141,748,956-82.7%Adoption of the new accounting standard governing revenue
□ Applicable ■ Not applicable
Investments in other equity instruments15,000,000.0015,000,000.00
Less: Treasury stock1,952,956,751.001,952,956,751.00
Total2,022,89566,3292,484,79587,817-14837.731.32
Net cash generated from/used in operating activities7,964,589,635.003,749,551,680.00
Cash used in other investing activities
Surplus reserves2,036,303,650.002,036,303,650.00
Current liabilities:
Unit: RMB
Cash used in other financing activities329,280,153.00650,919,985.00
II Core Business AnalysisThe Company primarily consists of the following three business segments: the semi-conductordisplay and materials business, the industrial finance & investment business and the otherbusinesses.
Loans and advances to customers3,637,768,065.003,637,768,065.00
Notes payable30,282,528.0030,282,528.00
Indicate whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the Company conductedany promissory repo during the Reporting Period.
Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets88,286.00
II Progress, Influence and Solutions with regard to Significant Events
t7 projectThe generation 11 (or G11) new ultra-high-definition (UHD) TFT-LCD and AMOLED production line of TCL CSOT
Long-term receivables
Including: Preferred shares
Table of Contents
Long-term payables24,206,057.0024,206,057.00
Wuhan CSOTWuhan China Star Optoelectronics Technology Co., Ltd.
Subtotal of cash used in operating activities566,656,574.003,234,489,309.00
16 January 2020By visitInstitution
Total non-current assets118,530,630,780.00116,689,362,560.00
Other non-current financial assets2,622,182,615.002,542,689,268.00
Including: Operating revenue13,742,129,162.0029,600,956,875.00
□ Applicable ■Not applicable
Intangible assets19,144,884.0019,144,884.00
Trust planN/AChina Fortune International Trust·CICC Xintou Collective Capital Trust Plan No. 230,000At fair value through profit or loss-30,0009130,091Held-for-trading financial assetsSelf-funded
Long-term receivables
Net proceeds from reinsurance