博实股份:2021年第三季度报告(英文版)

                               HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021




       HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for

                                     The Third Quarter 2021



The Company and whole members of the Board of Directors guarantee that the information disclosed
is factual, accurate and complete, and there is no false record, misleading statement or material
omission.


Important content reminder:


1.The Board of Directors, the Board of Supervisors as well as all the directors, supervisors and senior
managers of HARBIN BOSHI AUTOMATION CO., LTD. (hereinafter referred to as “the Company”)
warrant the factuality, accuracy and completeness of this Report and there is no false record,
misleading statement or material omission. And they will be severally and jointly liable for this Report.


2.The person in charge of the Company, the person in charge of accounting work of the Company, and
the person in charge of accounting department of the Company warrant that the financial information
in this Report is factual, accurate and complete.



3. Whether this Third Interim Report has been audited by auditing firm or not?


□Yes √No


I. Main financial data


1. Main accounting data and financial indicators


Indicate by check mark if there is any retrospectively restated accounting data of previous years.


□Yes √No




                                                                                                         1
                                                      HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021

                                                                     Increase/decrease in the                                          Increase/decrease from
                                                                    period compared with the                                           year-begin to period-end
                                          Current period                                             Year-begin to period-end
                                                                    same period of the previous                                     compared with the same period
                                                                               year                                                       of the previous year

Operating Revenue (Yuan)                        545,964,086.79                          28.64%                   1,661,519,194.12                           22.44%

Net profit attributable to parent
company’s shareholders                         135,146,051.15                          30.40%                     421,833,630.05                           27.83%
(Yuan)
Net profit after deducting
non-recurring

profit or loss attributable to                  133,870,923.50                          30.96%                     403,601,547.60                           27.23%
shareholders of the parent
company (Yuan)
Net cash flow from operating
                                               ——                            ——                                305,622,917.96                          638.18%
activities (Yuan)
Basic earnings per share
                                                           0.1322                       30.37%                             0.4125                           27.83%
(Yuan/share)
Diluted earnings per share
                                                           0.1322                       30.37%                             0.4125                           27.83%
(Yuan/share)
Weighted average return on
                                                           4.97%                         0.65%                            15.54%                             1.71%
equity
                                    End of the current reporting                                    Increase/decrease at the period-end compared with the end of
                                                                       End of previous year
                                              period                                                                     the previous year

Total assets (Yuan)                           4,752,186,444.79                4,576,810,168.61                                                               3.83%

Total equity attributable to
shareholders of the parent                    2,788,526,827.37                2,568,750,413.53                                                               8.56%
company (Yuan)



           2. Non-recurring gains and losses


           √ Applicable □Not applicable
                                                                                                                                      Unit:Yuan


                                                                                                              Amount from year-begin to
                                      Item                                       Amount for the period                                              Note
                                                                                                                     period-end

Profit or loss from disposal of non-current assets (including the
                                                                                              -1,700,000.65               -1,934,024.53
write-off of accrued for impairment of assets)

Governmental subsidy reckoned into current gains or losses (excluding
the subsidy enjoyed in quota or ration according to the national policy
                                                                                              1,345,974.56                 7,102,505.62
regulations and certain standards , which are closely relevant to
enterprise’s business)



                                                                                                                                                       2
                                                    HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021

Except for effectively hedging business related to normal business
operations of the Company, profit or loss arising from the changes in
the fair value of financial assets held for trading, financial liabilities                                                              Income from cash
                                                                                           4,367,720.58                 18,257,755.42
held for trading, as well as investment income from the disposal of                                                                     management
financial assets held for trading, financial liabilities held for trading,
and investments in other debt obligations

Other non-operating income and expenses other than the above                               -2,320,043.12                -2,320,041.46

Less:     Impact on income tax                                                               215,733.58                  2,243,850.00

          Impact on minority shareholders’ equity (after tax)                               202,790.14                   630,262.60

Total                                                                                      1,275,127.65                 18,232,082.45            --



          Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:


          □ Applicable √ Not applicable


          The Company does not have other gain/loss items that qualified the definition of non-recurring profit
          (gains)/losses.


          Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information
          Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as
          recurring gain/loss.


          □ Applicable √ Not applicable


          The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on
          Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss”
          defined as recurring gain/loss.


          3. Particulars about changes in items of main accounting data and financial index and explanations of
          reasons.


          √ Applicable □Not applicable


                                                    Sep 30,2021              Dec 31,2020
     Consolidated Balance Sheet items                                                            Change                   Reasons for the changes
                                                    (RMB Yuan)               (RMB Yuan)

                                                                                                             Due to the increase in ending balance of bank
Cash and cash equivalent                              555,117,415.02           114,882,208.58      383.21%
                                                                                                             savings.

                                                                                                             Due to the decrease in the ending balance of
Financial assets held for trading                     569,241,548.95          925,736,671.99       -38.51%
                                                                                                             financial assets holding for cash management.

Advance payments                                      156,009,551.53            49,361,424.98      216.06% Mainly due to the increase of operating


                                                                                                                                                      3
                                                HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
                                                                                                  prepayments of goods.

Contract assets                                   80,091,071.68                         100.00% Product quality margin.

                                                                                                  Recognized right-of-use asset based on The New
Right-of-use assets                                  563,605.15                         100.00%
                                                                                                  Lease Accounting Standard.

                                                                                                  The rent received in advance for the lease activity
Advance from customers                               191,475.98            64,999.97    194.58%
                                                                                                  from the subsidiary.

                                                                                                  The year-end bonus of 2020 accrued at the end of
Employee benefits payable                         21,119,473.59        52,359,540.74    -59.66% the previous period, which was paid in Feb, 2021,
                                                                                                  and the balance decreased.

                                                                                                  Due to the increase in income tax and turnover tax
Taxes payable                                     64,380,621.88        31,686,005.73    103.18%
                                                                                                  accrued at the end of this period.

                                                                                                  Due to the change in performance bond from
Other payables                                     1,084,485.01         1,618,618.55    -33.00%
                                                                                                  suppliers.

                                                                                                  Due to the transfer from long term bank loan due
Non-current liabilities due within one year       22,168,048.60        14,364,107.49     54.33%
                                                                                                  within one year.

                                                                                                  Due to the transfer from long term bank loan due
Long-term loans                                                        15,000,000.00   -100.00%
                                                                                                  within one year to current liabilities.

Estimated liabilities                              3,309,029.88                         100.00% Provision for after-sales service charge.

Consolidated Income Statement items from Jan 1 to Sep 30, 2021 Jan 1 to Sep 30, 2020
 the beginning of the year to the end of the                                           Change                     Reasons for the changes
                                                (RMB Yuan)         (RMB Yuan)
                reporting period

                                                                                                  The increase of operating revenue drives the
                                                                                                  increase of cost of sales, and the increase level of
Cost of sales                                   1,005,251,556.44     761,730,250.73      31.97%
                                                                                                  cost of sales is slightly higher than that of
                                                                                                  operating revenue.

                                                                                                  Affected by the pandemic, the expenses of base
Selling expenses                                  59,626,869.86        42,902,560.37     38.98%
                                                                                                  period are low.

                                                                                                  Mainly due to the increase in interest received
Financial expenses                                 -1,521,198.90        2,170,230.57   -170.09%
                                                                                                  from the bank in the current period.

                                                                                                  The investment income on equity method from
Investment income (loss is stated with “-”)     24,903,387.39        19,091,512.26     30.44% associates and joint ventures increased
                                                                                                  year-on-year.

Gains from changes in fair value (loss is                                                         Mainly due to the impact on cash management
                                                   -2,435,123.04       -1,695,494.03    -43.62%
stated with “-”)                                                                                activities.

Credit impairment losses (loss is stated                                                          The provision for bad debts in the current period
                                                   2,324,765.40       -13,832,495.68   -116.81%
with “-”)                                                                                       decreased.

Gains from disposal of assets (loss is stated                                                     The loss caused by the disposal of fixed assets in
                                                   -1,759,248.12         -287,063.70   -512.84%
with “-”)                                                                                       the current period increased.

Minority interests                                21,774,070.89        56,771,058.77    -61.65% The net profit of the holding subsidiary decreased


                                                                                                                                            4
                                                HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
                                                                                                         year on year, and the proportion of interests
                                                                                                         shared by the minority shareholders of the
                                                                                                         subsidiary decreased.

 Consolidated Cash Flow Statement items Jan 1 to Sep 30, 2021 Jan 1 to Sep 30, 2020
from the beginning of the year to the end of                                                 Change                     Reasons for the changes
                                                (RMB Yuan)               (RMB Yuan)
             the reporting period

                                                                                                         The cash flows from same period of last year
Net cash flows from operating activities         305,622,917.96             41,402,369.91      638.18% were affected by the pandemic, and that of the
                                                                                                         current period has returned to normal levels.

                                                                                                         Mainly due to the impact of cash management
Net cash flows from investing activities         361,772,969.79            131,970,701.12      174.13%
                                                                                                         activities.

                                                                                                         Due to the increase of cash dividends distributed
Net cash flows from financing activities        -223,281,375.29           -187,810,952.63      -18.89%
                                                                                                         in the current period.



          II. Shareholders Information


          1. Total number of common shareholders and preference shareholders with voting rights recovered
          and top ten common shareholders
                                                                                                                                       Unit: Share
                                                                                    Total preference shareholders with
Total number of shareholders of common
                                                                             23,649 voting rights recovered at end of                                             0
stocks at the end of the reporting period
                                                                                    reporting period

                                                                     Top 10 shareholders

                                                                                                                         Amount of        Pledged or frozen

                      Name                                  Nature             Ownership    Amount of shares held        restricted                stocks
                                                                                                                         shares held      Status         Amount

Unicom Kaixing Equity Investment
Management (Zhuhai Hengqin) Limited -
Lianchuang Weilai (Wuhan) Intelligent           Others                             17.11%                175,007,500
Manufacturing Industrial Investment
Partnership (Limited Partnership)

Deng Xijun                                      Domestic natural person             9.31%                 95,206,362      71,404,772

Zhang Yuchun                                    Domestic natural person             8.09%                 82,696,357      62,022,268 Pledged             4,770,000

Wang Chungang                                   Domestic natural person             5.61%                 57,394,047      43,045,535

Harbin Institute of Technology Asset            Domestic state-owned
                                                                                    5.00%                 51,127,500
Investment Management Co. Ltd                   corporate

Cai Zhihong                                     Domestic natural person             4.96%                 50,677,029

Cai Hegao                                       Domestic natural person             4.89%                 50,000,000      50,000,000

Sealand Securities - SPDB - Guohai Securities
                                                Others                              2.00%                 20,450,000
Lvyuan No. 1058 Collective Asset

                                                                                                                                                     5
                                                HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
Management P lan

Tan Jianxun                                     Domestic natural person           1.51%                 15,432,533

Cheng Fang                                      Domestic natural person           1.50%                 15,310,338

                                                    Top 10 shareholders with unrestricted shares held

                                                                                                                            Type of shares
                      Name                                Amount of unrestricted shares held
                                                                                                                     Type                    Amount

Unicom Kaixing Equity Investment
Management (Zhuhai Hengqin) Limited -
Lianchuang Weilai (Wuhan) Intelligent                                                      175,007,500 RMB ordinary shares                     175,007,500
Manufacturing Industrial Investment
Partnership (Limited Partnership)

Harbin Institute of Technology Asset
                                                                                            51,127,500 RMB ordinary shares                      51,127,500
Investment Management Co. Ltd

Cai Zhihong                                                                                 50,677,029 RMB ordinary shares                      50,677,029

Deng Xijun                                                                                  23,801,590 RMB ordinary shares                      23,801,590

Zhang Yuchun                                                                                20,674,089 RMB ordinary shares                      20,674,089

Sealand Securities - SPDB - Guohai Securities
Lvyuan No. 1058 Collective Asset                                                            20,450,000 RMB ordinary shares                      20,450,000
Management P lan

Tan Jianxun                                                                                 15,432,533 RMB ordinary shares                      15,432,533

Cheng Fang                                                                                  15,310,338 RMB ordinary shares                      15,310,338

Hong Kong Securities Clearing Company Ltd.
                                                                                            14,913,690 RMB ordinary shares                      14,913,690
(HKSCC)

Bank of China Co., Ltd.-China Merchant
                                                                                            14,463,320 RMB ordinary shares                      14,463,320
Ruiwen Hybrid Securities Investment Fund

                                                Deng Xijun, Zhang Yuchun, Wang Chungang, and Cai Hegao keep concerted action through the
                                                Concerted Action Agreement and jointly control the Company at the end of the reporting period; Cai
                                                Zhihong is the son of Cai Hegao, he independently exercised shareholder rights based on his personal
Explanation on the above-mentioned              wishes, he has not signed concerted action agreement or reached a similar agreement or arrangement with
shareholders’ affiliated relationship or       Cai Hegao, nor has other concerted action plan, they are not persons acting in concert; Cheng Fang and
concerted action                                Tan Jianxun are the sponsors of shareholders. Cheng Fang is the sister of Wang Chungang 's wife. In
                                                addition, the Company is not made aware whether there is any affiliated relationship between the
                                                above-mentioned shareholders or whether they are persons acting in concert as defined in Administrative
                                                Measures for the Acquisition of Listed Companies.

Explanation on top 10 shareholders that are
                                                Not applicable
engaged in margin trading business



           2.The total number of preferred shareholders and the top 10 preferred shareholders' shareholdings of
           the Company

           □Applicable √Not applicable
                                                                                                                                               6
                                    HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021


III. Other Significant Events

□Applicable √Not applicable


IV. Quarterly Financial Statements



1. Financial statements



(1)Consolidated Balance Sheet


Prepared by HARBIN BOSHI AUTOMATION CO., LTD.                                                           Unit: Yuan


                         Item                            Sep 30 ,2021                    Dec 31, 2020

Current assets:

Cash and cash equivalent                                           555,117,415.02                 114,882,208.58

Financial assets held for trading                                  569,241,548.95                 925,736,671.99

Derivative financial assets

Notes receivable                                                   333,557,115.41                 451,042,158.41

Accounts receivable                                                727,531,640.36                 697,718,969.34

Financing receivable

Advance payment                                                    156,009,551.53                   49,361,424.98

Other receivables                                                   13,753,666.42                   12,814,291.13

   Thereof: Interest receivable

              Dividend receivable

Inventories                                                      1,519,656,775.69                1,510,919,027.41

Contract assets                                                     80,091,071.68

Assets held for sale

Non-current assets due within one year

Other current assets                                                31,514,606.32                   32,990,507.69

Total current assets                                             3,986,473,391.38                3,795,465,259.53

Non-current assets:

Debt investments

Other debt investments

Long-term receivable

Long-term equity investment                                        343,211,591.48                 344,094,650.83

                                                                                                                 7
                                         HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021

Investment in other equity instruments                                  42,056,000.00                   35,000,000.00

Other non-current financial assets

Investment real estate                                                   6,864,280.48                    7,159,198.06

Fixed assets                                                           220,749,517.67                  235,572,771.55

Construction in progress                                                 4,692,261.79                    4,099,390.68

Productive biological assets

Oil and gas assets

Right-of-use assets                                                        563,605.15

Intangible assets                                                       58,754,842.43                   62,601,735.18

Development expenditure

Goodwill                                                                60,028,374.91                   63,225,965.69

Long-term deferred expenses                                                                                  6,416.02

Deferred income tax assets                                              28,792,579.50                   29,584,781.07

Other non-current assets

Total non-current assets                                               765,713,053.41                  781,344,909.08

Total assets                                                          4,752,186,444.79               4,576,810,168.61

Current liabilities:

Short-term loans                                                        22,130,000.00                   20,000,000.00

Financial liabilities held for trading

Derivative financial liabilities

Notes payable

Accounts payable                                                       138,348,427.05                  176,663,766.15

Advance from customers                                                     191,475.98                       64,999.97

Contract liabilities                                                  1,387,004,910.43               1,414,586,745.15

Employee benefits payable                                               21,119,473.59                   52,359,540.74

Taxes payable                                                           64,380,621.88                   31,686,005.73

Other payables                                                           1,084,485.01                    1,618,618.55

    Thereof: Interest payable

               Dividend payable

Liabilities held for sale

Non-current liabilities due within one year                             22,168,048.60                   14,364,107.49

Other current liabilities                                              115,960,098.31                  108,007,436.68

Total current liabilities                                             1,772,387,540.85               1,819,351,220.46

Non-current liabilities:




                                                                                                                    8
                                      HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021

Long-term loans                                                                                            15,000,000.00

Bonds payable

    Thereof: Preferred stock

                Perpetual debt

Lease liabilities                                                               58,182.41

Long-term payables                                                           6,000,000.00                   6,168,966.21

Long-term employee benefits payable

Estimated liabilities                                                        3,309,029.88

Deferred income                                                              9,393,531.30                  12,464,554.00

Deferred income tax liability                                               10,493,268.50                   8,298,154.76

Other non-current liabilities

Total non-current liabilities                                               29,254,012.09                  41,931,674.97

Total Liabilities                                                        1,801,641,552.94               1,861,282,895.43

Shareholders' equity:

Share capital                                                            1,022,550,000.00               1,022,550,000.00

Other equity instruments

     Thereof: Preferred stock

                  Perpetual debt

Capital reserve                                                            153,268,980.49                 154,755,282.47

Minus: treasury shares

Other comprehensive income                                                   8,450,512.30                   7,113,828.84

Special reserve                                                             25,399,924.45                  22,797,522.14

Surplus reserve                                                            209,534,453.40                 209,534,453.40

General risk reserve

Retained earnings                                                        1,369,322,956.73               1,151,999,326.68

Total equity attributable to shareholders of parent
                                                                         2,788,526,827.37               2,568,750,413.53
company

Minority shareholder equity                                                162,018,064.48                 146,776,859.65

Total shareholders' equity                                               2,950,544,891.85               2,715,527,273.18

Total liabilities and shareholders' equity                               4,752,186,444.79               4,576,810,168.61


Legal representative: Deng Xijun                      Director of Finance: Sun Zhiqiang     Prepared by: Wang Peihua




                                                                                                                       9
                                            HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
(2)Consolidated Income Statement (from the year-begin to the period-end)

                                                                                                              Unit: Yuan


                                      Item                                   Current period           Last period

1. Total revenue                                                                 1,661,519,194.12       1,357,054,385.31

     Thereof : Operating revenue                                                 1,661,519,194.12       1,357,054,385.31

2. Total cost                                                                    1,204,982,098.68         930,753,140.13

     Thereof: Cost of sales                                                      1,005,251,556.44         761,730,250.73

                   Taxes and surcharges                                             12,732,695.51           12,095,168.29

                   Selling expenses                                                 59,626,869.86           42,902,560.37

                   General and administrative expenses                              77,384,495.97           65,714,133.21

                   Research and development expenses                                51,507,679.80           46,140,796.96

                   Financial expenses                                               -1,521,198.90            2,170,230.57

                   Thereof : Interest expenses                                       1,143,467.93            1,479,835.06

                              Interest income                                        2,818,266.92              411,772.49

     Add: Other income                                                              43,804,215.60           35,225,573.66

           Investment income (loss is stated with “-”)                            24,903,387.39           19,091,512.26

           Thereof: Investment income from associates and joint
                                                                                     4,210,508.93              748,676.25
ventures

           Gain from the derecognition of the financial assets measured
at amortized cost

           Exchange income (Loss is listed with “-”)

           Gains from changes in fair value (loss is stated with “-”)             -2,435,123.04           -1,695,494.03

           Credit impairment losses (loss is stated with “-”)                      2,324,765.40          -13,832,495.68

           Asset impairment losses (loss is stated with “-”)                      -2,680,549.74           -2,608,501.13

           Gains from disposal of assets (loss is stated with “-”)                -1,759,248.12             -287,063.70

3. Operating profit (loss is stated with “-”)                                   520,694,542.93          462,194,776.56

     Add: Non-operating income                                                                1.66              37,944.09

     Less: Non-operating expenses                                                    2,494,819.53            2,571,048.93

4. Total profit (loss is stated with “-”)                                       518,199,725.06          459,661,671.72

     Less: Income tax expenses                                                      74,592,024.12           72,895,068.53

5. Net profit (loss is stated with “-”)                                         443,607,700.94          386,766,603.19

(1) Classified by continuity of operations

     Net profit from continuing operations(loss is stated with “-”)             443,607,700.94          386,766,603.19

     Net profit from discontinued operations(loss is stated with “-”)

(2) Classified by ownership of the equity

                                                                                                                       10
                                        HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021

       Attributable to shareholders of the Parent Company                       421,833,630.05          329,995,544.42

       Minority interests                                                        21,774,070.89           56,771,058.77

6. Other comprehensive income, net of tax                                        -2,463,522.62            1,954,989.53

  Other comprehensive income attributable to shareholders of the
                                                                                  1,336,683.46              997,044.67
Parent Company, net of tax

       (1) Other comprehensive income items which will not be
                                                                                  5,292,000.00
reclassified subsequently to profit or loss

              1) Changes arising from re-measurement of defined benefit
plan

              2) Other comprehensive income that will not be transferred
subsequently to profit or loss under the equity method

              3) Changes in the fair value of the investment in other
                                                                                  5,292,000.00
equity instruments

              4)Changes in the fair value of the Company’s own credit
risk

              5)Others

       (2) Other comprehensive income items which will be reclassified
                                                                                 -3,955,316.54              997,044.67
subsequently to profit or loss

              1) Other comprehensive income that will be transferred
subsequently to profit or loss under the equity method

              2)Changes in the fair value of other debt investments

              3)Amount of financial assets reclassified and included in
other comprehensive income

              4) Credit impairment reserves for other debt investment

              5) Cash flow hedging reserve

              6) Translation differences arising from translation of
                                                                                 -3,955,316.54              997,044.67
foreign currency financial statements

              7)Others

  Other comprehensive income attributable to minority shareholders,
                                                                                 -3,800,206.08              957,944.86
net of tax

7. Total comprehensive income                                                   441,144,178.32          388,721,592.72

       Attributable to shareholders of the Parent Company                       423,170,313.51          330,992,589.09

       Minority interests                                                        17,973,864.81           57,729,003.63

8. Earnings per share

       (1) Basic earnings per share                                                    0.4125                  0.3227

       (2) Diluted earnings per share                                                  0.4125                  0.3227


Legal representative: Deng Xijun                   Director of Finance: Sun Zhiqiang      Prepared by: Wang Peihua

                                                                                                                     11
                                          HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021
(3)Consolidated Cash Flow Statement (from the year-begin to the period-end)

                                                                                                              Unit: Yuan


                                        Item                                     Current period         Last period

1. Cash flows from operating activities

        Cash received from sales of goods or rendering of services                   1,577,357,927.97    1,021,011,092.04

        Refund of taxes and surcharges                                                  45,559,498.71       33,624,891.22

        Other cash receipts relating to operating activities                            10,575,863.14       13,864,035.90

Sub-total of cash inflows from operating activities                                  1,633,493,289.82    1,068,500,019.16

        Cash paid for goods and services                                              813,436,252.38       595,613,404.33

        Cash paid to employees and paid on behalf of employees                        288,936,672.13       210,656,785.77

        Payments of taxes and surcharges                                              138,723,542.05       141,659,422.82

        Other cash payments relating to operating activities                            86,773,905.30       79,168,036.33

Sub-total of cash outflows from operating activities                                 1,327,870,371.86    1,027,097,649.25

Net cash flows from operating activities                                              305,622,917.96        41,402,369.91

2. Cash flows from investing activities

        Cash received from withdrawing investments                                   2,568,200,000.00    2,066,334,379.92

        Cash received from investment income                                            20,692,878.46       18,905,109.04

        Net cash received from disposal of fixed assets, intangible assets and
                                                                                         1,135,231.14          333,333.51
other long term assets

        Net cash received from disposal of subsidiaries and other operating
units

        Other cash receipts relating to investing activities

Sub-total of cash inflows from investing activities                                  2,590,028,109.60    2,085,572,822.47

        Cash paid to acquire fixed assets, intangible assets and other
                                                                                        13,088,120.24       22,952,388.18
long-term assets

        Cash paid to acquire investments                                             2,214,140,000.00    1,930,140,000.00

        Net increase of mortgaged loans

        Net cash paid to acquire subsidiaries and other operating units                  1,027,019.57

        Other cash payments relating to investing activities                                                   509,733.17

Sub-total of cash outflows from investing activities                                 2,228,255,139.81    1,953,602,121.35

Net cash flows from investing activities                                              361,772,969.79       131,970,701.12

3. Cash flows from financing activities

        Cash received from capital contributions

        Thereof: Cash received by subsidiaries from minority shareholders’
capital contributions


                                                                                                                       12
                                     HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for the Third Quarter 2021

     Cash received from borrowings                                                15,000,000.00          15,000,000.00

     Other cash receipts from financing activities

Sub-total of cash inflows from financing activities                               15,000,000.00          15,000,000.00

     Cash repayments of borrowings                                                25,310,647.81          16,307,495.49

     Distribution of dividends or profits and payments for interest
                                                                                 212,961,736.65      186,491,016.12
expenses

     Thereof: Cash payments for dividends or profit to minority
                                                                                    7,350,000.00          1,200,000.00
shareholders by subsidiaries

     Other cash payments relating to financing activities                               8,990.83            12,441.02

Sub-total of cash outflows from financing activities                             238,281,375.29      202,810,952.63

Net cash flows from financing activities                                         -223,281,375.29    -187,810,952.63

4. Effect of foreign exchange rate changes on cash and cash equivalents            -3,076,526.80           991,249.86

5. Net increase in cash and cash equivalents                                     441,037,985.66      -13,446,631.74

     Add: Cash and cash equivalents at the beginning of period                   113,464,591.58      143,233,966.52

6. Cash and cash equivalents at the end of period                                554,502,577.24      129,787,334.78



2. Auditor’s report


Whether this Third Interim Report has been audited by auditing firm or not?



□Yes √No



The Third Interim Report has not been audited by auditing firm.



                                                                                    Board of Directors

                                                                          HARBIN BOSHI AUTOMATION CO., LTD.

                                                                                    October 30th, 2021




                                                                                                                    13

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