大华股份：2026First Quarter Report

查股网 2026-04-28 大华股份(002236)公司公告

StockCode:002236StockName:DahuaTechnologyAnnouncementNo.:2026-033

ZhejiangDahuaTechnologyCo.,Ltd.

2026FirstQuarterReportTheCompanyandallmembersoftheBoardofDirectorsherebyguaranteethattheinformationdisclosedhereinisauthentic,accurateandcompleteandfreeofanyfalserecords,misleadingstatements,ormaterialomissions.ImportantContentReminder:

1.TheBoardofDirectors,directors,andseniormanagementoftheCompanyherebyguaranteethattheinformationpresentedinthisquarterlyreportistrue,accurate,andcomplete,andthatitcontainsnofalserecords,misleadingstatements,ormaterialomissions.Eachshallassumeindividualandjointandseveralliabilityforthecontenthereof.

2.TheCompany'slegalrepresentative,chiefaccountant,andpersoninchargeofaccountinginstitution(AccountingOfficer)herebydeclareandwarrantthatthefinancialstatementsinthequarterlyreportareauthentic,accurate,andcomplete.

3.Hasthefinancialaccountingreportforthefirstquarterbeenaudited?

□Yes?No

I.KeyFinancialData(I)KeyAccountingDataandFinancialIndexes

WhethertheCompanyneedsretroactiveadjustmentorrestatementofaccountingdatainprioryearsornot

□Yes?No

	CurrentReportingPeriod	SamePeriodofLastYear	Increaseordecrease(%)inthisreportingperiodcomparedwiththesameperiodofthelastyear
OperatingRevenue(RMB)	6,902,346,653.63	6,256,129,778.73	10.33%(note)
NetprofitattributabletoshareholdersofthelistedCompany(RMB)	697,780,082.97	653,304,288.99	6.81%(note)
Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingnon-recurringgainsandlosses(RMB)	588,773,138.13	503,508,968.09	16.93%(note)
Netcashflowgeneratedbyoperationalactivities(RMB)	-805,493,681.31	-671,695,394.62	-19.92%
BasicEarningsperShare(RMB/Share)	0.21	0.20	5.00%
DilutedEarningsperShare(RMB/Share)	0.21	0.20	5.00%
WeightedAverageROE	1.83%	1.80%	0.03%
	EndofThisReportingPeriod	AttheEndofthePreviousYear	Increaseordecrease(%)attheendofthisreportingperiodcomparedwiththeendofthelastyear
TotalAssets(RMB)	52,112,122,359.49	52,558,604,784.24	-0.85%
Owners'equityattributabletoshareholdersofthelistedcompany(Unit:RMB)	38,426,047,180.40	37,757,140,211.25	1.77%

Note:Therelevantyear-on-yearfluctuationdataareaffectedbythechangeinthescopeofconsolidatedfinancialstatementsresultingfromthedisposalofsubsidiariesin2025.(II)Non-recurringGainsandLossesandTheirAmounts

?Applicable□NotApplicable

Unit:RMB

Item	AmountintheCurrentReportingPeriod	Note
Profitsorlossesfromdisposalofnon-currentassets(includingthewrite-offfortheaccruedimpairmentofassets)	-480,793.21
Thegovernmentsubsidiesincludedinthecurrentprofitsandlosses(excludingthegovernmentsubsidiescloselyrelatedtoregularbusinessesoftheCompany,inlinewithnationalpolicies,entitledtoaccordingtotheestablishedstandard,andcontinuouslyimpactingtheCompany'sprofitsandlosses)	71,295,714.44

Profitsandlossesresultingfromthechangesinfairvalueforfinancialassetsandfinancialliabilitiesheldbynon-financialenterprises,andfromdisposaloffinancialassetsandliabilities,excludingtheeffectivehedgingbusinessesrelatedtotheregularbusinessoperationoftheCompany	-7,159,398.06
Gainsorlossesfrominvestmentorassetmanagemententrustedtoothers	74,927,295.36
Reversalofthereceivablesdepreciationreservesforseparateimpairmenttest	139,848.45
Profitsandlossesondebtrestructuring	-7,809,780.23
Non-operatingrevenueandexpensesotherthantheabove	-777,342.41
Less:impactofincometax	18,933,003.47
Impactofminorityequity(aftertax)	2,195,596.03
Total	109,006,944.84	--

Otherspecificcircumstancesofgainsorlossesthatfitthedefinitionofnon-recurringgainsorlosses

□Applicable?NotApplicableTheCompanyhasnoothergainsorlossesthatfitthedefinitionofnon-recurringgainsorlosses.Noteforthedefinitionofnon-recurringgainsandlosseslistedintheNo.1ExplanatoryAnnouncementonInformationDisclosureforCompaniesIssuanceTheirSecuritiestothePublic-Non-recurringgainsandlosses,asrecurringgainsandlosses.

□Applicable?NotApplicableTheCompanydidnotdefineanynon-recurringgainsandlosseslistedintheNo.1ExplanatoryAnnouncementonInformationDisclosureforCompaniesIssuanceTheirSecuritiestothePublic-Non-recurringgainsandlossesasrecurringgainsandlosses.(III)TheChangesinKeyAccountingDataandFinancialIndexesandtheReasonsforSuchChanges

?Applicable□NotApplicable

Unit:RMB

Item	ClosingBalance/AmountOccurredintheCurrentPeriod	OpeningBalance/AmountOccurredinthePreviousPeriod	RateofChange	MainReasonsforChanges
Prepayments	609,111,390.70	452,738,445.83	34.54%	Mainlyduetoanincreaseinprepaymentsforgoodsduringtheperiod.
Non-currentAssetsDuewithinOneYear	1,331,538,735.73	468,560,399.63	184.18%	Mainlyduetothereclassificationoflarge-denominationcertificatesofdepositmaturingwithinoneyear.
Short-termLoan	515,049,921.81	203,714,311.58	152.83%	Mainlyduetoanincreaseinbankborrowings.
EmployeeBenefitsPayable	960,246,159.79	2,012,428,897.92	-52.28%	Mainlyduetothepaymentoflastyear'syear-endbonusinthecurrentperiod.
FinancialExpenses	178,366,930.28	-159,988,512.22	211.49%	Mainlyduetoexchangeratefluctuations,resultinginincreasedexchangelossescomparedwiththesameperiodlastyear.
InvestmentIncome	-2,802,868.70	107,783,303.13	-102.60%	Mainlyduetofluctuationsinreturnsfromequityinvestmentsandassetmanagementplans.
IncomefromChangesinFairValues	62,852,823.90	-6,866,151.69	1015.40%
CreditImpairmentLoss	-49,627,845.89	-12,404,523.05	-300.08%	Mainlyduetoanincreaseinbaddebtprovisionsforaccountsreceivableinthecurrentperiodcomparedwiththesameperiodlastyear.

IncomeTaxExpense	53,723,019.83	-9,689,528.57	654.44%	Mainlyduetoanincreaseintaxableincomeinthecurrentperiodcomparedwiththesameperiodlastyear.
MinorityShareholders'ProfitandLoss	14,183,117.10	53,547,697.59	-73.51%	MainlyduetothedisposalofthecontrollingsubsidiaryHuachengNetworkin2025.
NetCashFlowGeneratedbyFinancingActivities	339,903,378.60	-582,452,438.26	158.36%	Mainlyduetoanincreaseinthenetcashflowsfrombankborrowingscomparedwiththesameperiodlastyear.

II.InformationonShareholders

(I)Thetotalnumberofcommonstockshareholders,thenumberofpreferredstockshareholderswhosevotingrightshavebeenrestored,andtheshareholdingsofthetop10shareholders

Unit:Share

Totalnumberofcommonshareholdersattheendofthereportingperiod		179,787		Totalnumberofpreferredshareholders(ifany)whosevotingrightshavebeenrecoveredattheendofthereportingperiod			0
Shareholdingsofthetop10shareholders(excludingshareslentbyrefinancing)
NameofShareholder	NatureofShareholder		Shareholding(%)	NumberofSharesHeld	Numberofsharesheldwithlimitedsalesconditions	Pledges,Markings,OrFreezing
NameofShareholder	NatureofShareholder		Shareholding(%)	NumberofSharesHeld	Numberofsharesheldwithlimitedsalesconditions	StateofShares	Quantity
FuLiquan	DomesticNaturalPerson		31.15%	1,023,868,980.00	767,901,735.00	NotApplicable	0
ChinaMobileCommunicationsGroupCo.,Ltd.	State-ownedLegalPerson		8.92%	293,103,400.00	293,103,400.00	NotApplicable	0
ZhuJiangming	DomesticNaturalPerson		4.13%	135,661,060.00	0.00	NotApplicable	0
HongKongSecuritiesClearingCo.Ltd.	OverseasLegalPerson		2.83%	92,972,444.00	0.00	NotApplicable	0
ChenAiling	DomesticNaturalPerson		2.17%	71,262,813.00	53,447,110.00	NotApplicable	0
WuJun	DomesticNaturalPerson		2.10%	69,172,886.00	51,879,664.00	NotApplicable	0
IndustrialBankCo.,Ltd.-HuaxiaCSIRoboticTradingOpenIndexSecuritiesInvestmentFund	Others		1.65%	54,151,375.00	0.00	NotApplicable	0
ChinaSecuritiesFinanceCo.,Ltd.	DomesticNon-state-ownedLegalPerson		0.91%	30,052,972.00	0.00	NotApplicable	0

NationalSocialSecurityFund103	Others	0.82%	27,000,000.00	0.00	NotApplicable	0
CathayHaitongSecuritiesCo.,Ltd.-TianhongCSIRoboticExchangeTradedOpen-EndIndexSecuritiesInvestmentFund	Others	0.64%	21,004,547.00	0.00	NotApplicable	0
Shareholdingofthetop10unlimitedsaleconditionshareholders(excludingshareslentthroughrefinancingandlock-upsharesforseniormanagement)
NameofShareholder			Numberofsharesheldwithoutlimitedsalescondition		TypeofShares
					TypeofShares	Quantity
FuLiquan			255,967,245.00		RMBCommonStock	255,967,245.00
ZhuJiangming			135,661,060.00		RMBCommonStock	135,661,060.00
HongKongSecuritiesClearingCo.Ltd.			92,972,444.00		RMBCommonStock	92,972,444.00
IndustrialBankCo.,Ltd.-HuaxiaCSIRoboticTradingOpenIndexSecuritiesInvestmentFund			54,151,375.00		RMBCommonStock	54,151,375.00
ChinaSecuritiesFinanceCo.,Ltd.			30,052,972.00		RMBCommonStock	30,052,972.00
NationalSocialSecurityFund103			27,000,000.00		RMBCommonStock	27,000,000.00
CathayHaitongSecuritiesCo.,Ltd.-TianhongCSIRoboticExchangeTradedOpen-EndIndexSecuritiesInvestmentFund			21,004,547.00		RMBCommonStock	21,004,547.00
ChenAiling			17,815,703.00		RMBCommonStock	17,815,703.00
IndustrialandCommercialBankofChinaLimited-EFundCSIArtificialIntelligenceThemeExchangeTradedOpen-EndIndexSecuritiesInvestmentFund			17,475,109.00		RMBCommonStock	17,475,109.00
WuJun			17,293,222.00		RMBCommonStock	17,293,222.00
Descriptionoftheassociationrelationshiporconcertedactionofabove-mentionedshareholders			Amongthetoptenmajorshareholders,Mr.FuLiquanandMs.ChenAilingareinamaritalrelationship.TheCompanyisunawareofwhetherthereareanyotherassociatedrelationshipsamongothershareholdersorwhethertheyarepersonsactinginconcert.
Explanationontop10shareholders'participationinsecuritiesmargintrading(ifany)			None
Specialnoteontheexistenceofrepurchasespecialaccountsamongthetop10shareholders			AsofMarch31,2026,theCompany'sdedicatedsecuritiesrepurchaseaccountholds37,313,101sharesofthecompany'scommonstockAshares,which,accordingtorequirements,arenotincludedinthecompany'stop10shareholdersandtop10

Shareholdersholdingmorethan5%ofshares,thetop10shareholdersandthetop10shareholderswithoutlimitedoutstandingsharesparticipatinginthelendingofsharesthroughrefinancing

□Applicable?NotApplicableChangesintop10shareholdersandtop10shareholderswithoutlimitedoutstandingsharesoverthepreviousperiodduetorefinancing,lending/returning

□Applicable?NotApplicable(II)Thetotalnumberofpreferredstockshareholdersandtheshareholdingsofthetop10preferredstockshareholders

□Applicable?NotApplicableIII.OtherSignificantMatters

?Applicable□NotApplicable

1.Duringthereportingperiod,inordertofurtherimprovethecompany'scorporategovernancestructureandinlightofthecompany'sdevelopment,Mr.FuLiquanappliedtoresignfromtheconcurrentlyheldpositionofPresident.Afterresigningfromthepositionofpresident,Mr.FuLiquancontinuestoserveastheCompany'schairman,conveneroftheboard'sStrategyCommittee,memberoftheRemunerationandAssessmentCommittee,andmemberoftheNominationCommittee.AfternominationbyChairmanFuLiquanandapprovalofthequalificationreviewbytheNominationCommitteeoftheBoardofDirectors,thecompanyconvenedthe20thmeetingofthe8thBoardofDirectorsonJanuary05,2026,andagreedtoappointMr.ZhaoYuningasthecompany'sPresident.

2.Duringthereportingperiod,theCompany'scontrollingsubsidiaryZhejiangHuaRayTechnologyCo.,Ltd.submittedapplicationmaterialsforaninitialpublicofferingandlistingontheMainBoardoftheHongKongStockExchange,andtherelatedmaterialswerepublishedontheHongKongStockExchangewebsite(www.hkexnews.hk).IV.QuarterlyFinancialStatements(I)FinancialStatements

1.ConsolidatedBalanceSheet

Preparedby:ZhejiangDahuaTechnologyCo.,Ltd.

March31,2026

Unit:RMB

unrestrictedshareholderslistings.Item

Item	Closingbalance	OpeningBalance
CurrentAsset:
MonetaryFund	7,595,450,385.62	8,655,402,920.75
DepositReservationforBalance
LoansToBanksandOtherFinancialInstitutions
TradingFinancialAssets	320,192,707.51	309,157,871.90
DerivativeFinancialAssets
NotesReceivable	748,888,029.98	781,468,637.01
AccountsReceivable	14,150,091,232.59	15,474,088,183.37

ReceivablesFinancing	1,194,855,059.60	1,102,535,053.89
Prepayments	609,111,390.70	452,738,445.83
PremiumReceivable
ReinsuranceAccountsReceivable
ReinsuranceContractReservesReceivable
OtherReceivables	217,985,203.89	278,640,285.60
Including:InterestReceivable
DividendsReceivable
BuyingBacktheSaleofFinancialAssets
Inventory	7,542,192,674.48	6,090,171,290.38
AmongThem:DataResources
ContractAssets	76,008,054.36	63,320,727.97
Held-for-saleAssets
Non-currentAssetsDuewithinOneYear	1,331,538,735.73	468,560,399.63
OtherCurrentAssets	722,355,108.69	578,508,611.11
TotalCurrentAssets	34,508,668,583.15	34,254,592,427.44
Non-currentAsset:
GrantingofLoansandAdvances
Creditor'sRightInvestment
OtherCreditor'sRightInvestments
Long-termAccountsReceivable	396,890,838.54	406,038,709.81
Long-termEquityInvestment	719,948,203.63	725,578,108.27
OtherEquityInstrumentInvestments
OtherNon-currentFinancialAssets	2,141,280,112.30	1,989,086,297.12
InvestmentProperty	126,543,443.45	128,753,117.16
FixedAssets	6,039,052,217.54	6,136,201,592.87
ConstructioninProgress	47,996,162.04	7,264,951.14
ProductiveBiologicalAsset
OilAndGasAssets
Right-of-useAssets	271,351,309.20	272,401,498.24
IntangibleAsset	549,006,070.69	556,559,379.70
AmongThem:DataResources
DevelopmentExpenditure
AmongThem:DataResources
Goodwill	6,615,294.18	6,615,294.18
Long-termDeferredExpense	82,082,662.39	77,865,093.40
DeferredIncomeTaxAssets	912,636,743.71	901,731,191.20
Othernon-currentAssets	6,310,050,718.67	7,095,917,123.71
Totalnon-currentassets	17,603,453,776.34	18,304,012,356.80
TotalAssets	52,112,122,359.49	52,558,604,784.24
CurrentLiabilities:
Short-termLoan	515,049,921.81	203,714,311.58
BorrowingfromtheCentralBank
BorrowingsfromBanksandOtherFinancialInstitutions
TradingFinancialLiabilities	9,671.00
DerivativeFinancialLiabilities
NotesPayable	3,492,341,486.71	3,659,798,751.88
AccountsPayable	4,691,037,504.21	5,132,662,730.78
AdvancesfromCustomers
ContractLiabilities	1,312,276,256.49	1,142,677,702.11
ProceedsfromtheSaleand

RepurchaseofFinancialAssets
DepositTakingandInterbankDeposit
ReceivingfromVicariouslyTradedSecurities
ReceivingfromVicariouslySoldSecurities
EmployeeBenefitsPayable	960,246,159.79	2,012,428,897.92
TaxesPayable	336,688,521.57	396,827,917.38
OtherPayables	464,691,462.01	470,148,655.21
Including:InterestPayable
DividendsPAYABLE
PayableServiceChargesandCommissions
ReinsuranceAccountsPayable
LiabilitiesHeldforSale
Non-currentLiabilitiesDuewithinOneYear	245,567,194.71	246,856,805.30
OtherCurrentLiabilities	206,455,136.60	167,754,385.11
TotalCurrentLiabilities	12,224,363,314.90	13,432,870,157.27
Non-currentLiabilities:
InsuranceContractReserves
Long-termLoan
BondsPayable
Including:PreferredStocks
PerpetualBonds
LeaseLiabilities	160,392,738.82	165,399,173.65
Long-termPayables
Long-termEmployeeBenefitsPayable
ExpectedLiabilities	202,917,051.68	205,416,324.68
DeferredIncome	166,445,597.11	170,075,423.69
DeferredIncomeTaxLiabilities	55,824,944.72	58,695,790.95
Othernon-currentLiabilities	49,179,595.43	52,027,750.30
Totalnon-currentLiabilities	634,759,927.76	651,614,463.27
TotalLiabilities	12,859,123,242.66	14,084,484,620.54
Owner'sEquity:
ShareCapital	3,286,755,574.00	3,286,755,574.00
OtherEquityInstruments
Including:PreferredStocks
PerpetualBonds
CapitalReserves	7,249,833,928.64	7,233,189,509.62
Less:TreasuryShare	729,912,398.27	709,079,918.27
OtherComprehensiveIncome	98,655,149.38	123,340,202.22
SpecialReserve
SurplusReserves	1,647,814,866.50	1,647,814,866.50
GeneralRiskReserve
UndistributedProfits	26,872,900,060.15	26,175,119,977.18
TotalEquityAttributabletotheParentCompany'sShareholders	38,426,047,180.40	37,757,140,211.25
MinorityShareholders'Equity	826,951,936.43	716,979,952.45
TotalOwners'Equity	39,252,999,116.83	38,474,120,163.70
TotalLiabilitiesandShareholders'Equity	52,112,122,359.49	52,558,604,784.24

LegalRepresentative:FuLiquanPersoninChargeofAccountingWork:XuQiaofenHeadofAccountingDepartment:ZhuZhuling

2.ConsolidatedIncomeStatement

Unit:RMB

Item	AmountOccurredintheCurrentPeriod	AmountOccurredinthePreviousPeriod
I.TotalOperatingRevenue	6,902,346,653.63	6,256,129,778.73
Amongthem:operatingrevenue	6,902,346,653.63	6,256,129,778.73
InterestIncome
EarnedPremiums
ServiceChargeandCommissionIncome
II.TotalOperatingCost	6,408,967,588.28	5,872,689,700.23
Including:OperatingCost	3,881,506,935.19	3,745,786,994.39
InterestExpense
ServiceChargeandCommissionExpenses
SurrenderValue
NetClaimsPaid
ExtractNetReserveforInsuranceLiabilities
PolicyholderDividendExpense
ReinsuranceCost
TaxesandSurcharges	53,765,586.67	48,363,656.56
SalesExpenses	1,042,804,928.79	1,023,965,153.19
AdministrationExpenses	267,939,290.82	244,984,969.09
ResearchandDevelopmentExpense	984,583,916.53	969,577,439.22
FinancialExpenses	178,366,930.28	-159,988,512.22
Including:InterestExpenses	6,326,944.56	4,825,976.50
InterestIncome	68,140,503.46	79,046,416.41
Add:OtherIncome	278,797,027.59	243,865,531.80
InvestmentIncome(Mark"-"forLoss)	-2,802,868.70	107,783,303.13
Including:investmentincomefromjointventuresandjointventures	91,838.13	401,755.24
Profitsfromrecognitionterminationoffinancialassetsatamortizedcost	-7,868,212.24	-251,332.23
ExchangeGains(Mark"-"forLosses)
ProfitofNetExposureHedging(Mark"-"forLoss)
IncomesFromChangesinFairValue(Mark"-"forLoss)	62,852,823.90	-6,866,151.69
CreditImpairmentLosses(Mark"-"forLoss)	-49,627,845.89	-12,404,523.05

AssetImpairmentLosses(Mark"-"forLoss)	-15,505,162.60	-18,894,150.29
AssetDisposalIncome(Mark"-"forLoss)	520,464.44	1,180,275.35
III.OperatingProfit(Mark"-"forLoss)	767,613,504.09	698,104,363.75
Add:non-operatingRevenue	1,573,821.10	1,882,660.02
Less:non-operatingExpense	3,501,105.29	2,824,565.76
IV.TotalProfit(Mark"-"forTotalLoss)	765,686,219.90	697,162,458.01
Less:IncomeTaxExpense	53,723,019.83	-9,689,528.57
V.NetProfit(Mark"-"forNetLoss)	711,963,200.07	706,851,986.58
(I)ClassifiedbyOperationContinuity
1.NetProfitasaGoingConcern(Mark"-"forNetLoss)	711,963,200.07	706,851,986.58
2.NetProfitofDiscontinuedOperation(Mark"-"forNetLoss)
(II)ClassifiedbytheAttributionofOwnership
1.NetProfitAttributabletotheParentCompany'sOwner	697,780,082.97	653,304,288.99
2.MinorityShareholders'ProfitandLoss	14,183,117.10	53,547,697.59
VI.OtherComprehensiveIncome,NetofTax	-24,698,205.37	-6,283,686.51
Othercomprehensiveincome,netoftax,attributabletotheparentcompanyowners	-24,685,052.84	-6,356,447.05
(I)Othercomprehensiveincomethatcannotbereclassifiedintoprofitorloss
1.Re-measurethevariationofthedefinedbenefitplan
2.OthercomprehensiveincomethatcannotbetransferredtoP/Lundertheequitymethod
3.Changesinthefairvalueofinvestmentinotherequityinstruments
4.Changesinthefairvalueofthecreditriskoftheenterprise
5.Others
(II)OthercomprehensiveincomethatwillbereclassifiedasP/L	-24,685,052.84	-6,356,447.05
1.OthercomprehensiveincomethatcanbetransferredtoP/Lundertheequitymethod
2.Changesinthefairvalueofothercreditor'srightinvestments
3.Financialassetsreclassifiedintoothercomprehensiveincome
4.Provisionsforthecreditimpairmentofinvestmentinothercreditor'srights
5.Cashflowhedgereserves
6.Foreigncurrencytranslation	-24,685,052.84	-6,356,447.05

differencesoffinancialstatements
7.Others
Netamountofothercomprehensiveincomesaftertaxattributabletominorityshareholders	-13,152.53	72,760.54
VII.TotalComprehensiveIncome	687,264,994.70	700,568,300.07
Totalcomprehensiveincomeattributabletotheparentcompany'sowners	673,095,030.13	646,947,841.94
Comprehensiveincomeattributabletominorityshareholders	14,169,964.57	53,620,458.13
VIII.EarningsperShare:
(I)BasicEarningsperShare	0.21	0.20
(II)DilutedEarningsperShare	0.21	0.20

LegalRepresentative:FuLiquanPersoninChargeofAccountingWork:XuQiaofenHeadofAccountingDepartment:ZhuZhuling

3.ConsolidatedCashFlowStatement

Unit:RMB

Item	AmountOccurredintheCurrentPeriod	AmountOccurredinthePreviousPeriod
I.CashFlowGeneratedbyOperationalActivities:
Cashfromsalesofmerchandiseandprovisionofservices	9,078,966,664.80	8,207,170,646.30
Netincreaseincustomerdepositsandinterbankdeposits
Netincreaseinborrowingsfromthecentralbank
Netincreaseinborrowingsfromotherfinancialinstitutions
Casharisingfromreceivingpremiumsfortheoriginalinsurancecontract
Netamountarisingfromreinsurancebusiness
Netincreaseindepositsandinvestmentsfrompolicyholders
Casharisingfrominterests,servicechargesandcommissions
Netincreaseinborrowingsfrombanksandotherfinancialinstitutions
Netincreaseinrepurchasebusinessfunds
Netamountofcashreceivedfromthevicariouslytradedsecurities
Taxrefund	347,978,980.95	239,962,306.86
Cashreceivedfromotheroperatingactivities	374,313,224.83	338,696,763.38
Subtotalofcashinflowfromoperatingactivities	9,801,258,870.58	8,785,829,716.54
Cashpaidforgoodsandservices	6,744,923,908.80	5,631,796,732.81
Netincreaseincustomerloans

andadvances
Netincreaseindepositswithcentralbankandotherfinancialinstitutions
Cashpaidfororiginalinsurancecontractclaims
Netincreaseoffundslent
Cashpaidforinterests,servicechargesandcommissions
Cashpaidforpolicydividends
Cashpaidtoandforemployees	2,908,375,948.45	2,747,283,980.03
Taxesandfeespaid	506,302,773.35	483,149,237.58
Otherpaidcashrelatedtooperationalactivities	447,149,921.29	595,295,160.74
Totalcashoutflowfromoperatingactivities	10,606,752,551.89	9,457,525,111.16
Netcashflowgeneratedbyoperatingactivities	-805,493,681.31	-671,695,394.62
II.CashFlowfromInvestmentActivities:
Casharisingfromdisposalofinvestments	2,973,194,422.00	3,830,530,852.47
Cashreceivedfrominvestmentincome	2,609,033.62	8,808,463.02
Netcashrecoveredfromdisposaloffixedassets,intangibleassets,andotherlong-termassets	619,614.34	1,074,071.43
Netcashreceivedfromdisposalofsubsidiariesandotherbusinessunits	71,683,294.00	11,700,743.16
Cashreceivedfromotheractivitiesrelatedtoinvesting	1,273,872.12	3,436,392.97
Totalcashinflowfrominvestingactivities	3,049,380,236.08	3,855,550,523.05
Cashpaidfortheacquisitionandconstructionoffixedassets,intangibleassets,andotherlong-termassets	158,206,489.53	197,326,893.16
Cashpaidforinvestmentactivities	3,340,900,649.21	4,003,705,846.64
Netincreaseinpledgeloans
Netcashpaidforacquisitionofsubsidiariesandotherbusinessunits
Cashpaidforotherinvestmentactivities		2,620,385.00
Totalcashoutflowfrominvestingactivities	3,499,107,138.74	4,203,653,124.80
Netamountofcashflowgeneratedbyinvestmentactivities	-449,726,902.66	-348,102,601.75
III.CashFlowfromFinancingActivities:
CashArisingfromAbsorbingInvestments	88,039,006.40	53,347,469.26
Amongthem:cashreceivedbysubsidiariesfromminorityshareholderinvestments	88,039,006.40
Casharisingfromborrowings	511,335,610.23	300,950,000.00

Otherreceivedcashrelatedtofinancingactivities
Subtotalofcashinflowfromfinancingactivities	599,374,616.63	354,297,469.26
Cashpaidfordebtrepayment	200,000,000.00	895,000,000.00
Cashpaidfordistributionofdividends,profits,orinterestpayments	1,964,671.00	1,050,738.89
Amongthem:dividendsandprofitspaidbysubsidiariestominorityshareholders
Cashpaidforotherfinancingactivities	57,506,567.03	40,699,168.63
Totalcashoutflowfromfinancingactivities	259,471,238.03	936,749,907.52
NetCashFlowGeneratedbyFinancingActivities	339,903,378.60	-582,452,438.26
IV.ImpactofExchangeRateFluctuationsonCashandCashEquivalents	-127,792,879.71	40,545,841.76
V.NetIncreaseInCashandCashEquivalents	-1,043,110,085.08	-1,561,704,592.87
Add:beginningbalanceofcashandcashequivalents	8,553,186,564.22	11,061,530,816.28
VI.EndingBalanceofCashandCashEquivalents	7,510,076,479.14	9,499,826,223.41

(II)Adjustmentstorelevantitemsoffinancialstatementsasofthebeginningoftheyearinwhichthenewaccountingstandardsarefirstimplementedin2026.

□Applicable?NotApplicable(III)AuditReportHasthefinancialaccountingreportforthefirstquarterbeenaudited?

□Yes?NoTheCompany'sfirstquarterfinancialaccountingreporthasnotbeenaudited.

BoardofDirectorsofZhejiangDahuaTechnologyCo.,Ltd.

April18,2026

附件：公告原文