RoboSense Technology Co., Ltd — Interim / Quarterly Report 2017

Oct 27, 2017

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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THIRD QUARTERLY REPORT 2017

I. IMPORTANT NOTICE

• 1.1 The board of directors (the “Board”), the supervisory committee, the directors (the “Directors”), supervisors and senior management members of the Company warrant that the information contained in this quarterly report is true, accurate, and complete without any false and misleading statements or material omissions, and severally and jointly accept legal responsibility for the above.

• 1.2 All Directors attended the Board meeting to consider this quarterly report of the Company.

• 1.3 Zhang Chong, Person-in-charge of the Company, Ma Yan, Person-in-charge of accounting, and Chen Jing, Person-in-charge of accounting institution (head of accounting department), warrant that the financial statements in this quarterly report are true, accurate and complete.

• 1.4 This third quarterly report of the Company is unaudited.

• For identification purpose only

– 1 –

II. BASIC INFORMATION OF THE COMPANY

2.1 Major Financial Data

Unit: yuan Currency: RMB

			Increase/decrease
			at the end of the
			reporting period as
			compared with the
	At the end of the	At the end of the	end of the
	reporting period	previous year	previous year
			(%)
Total assets	1,240,582,927.66	1,356,917,020.31	-8.57
Net assets attributable to shareholders
of the Company	523,838,596.01	523,269,416.96	0.11
		From beginning
		of the previous
	From beginning	year to the end
	of the year to	of the reporting
	the end of the	period of the
	reporting period	previous year
	(January to	(January to	Year-on-year
	September)	September)	increase/decrease
			(%)
Net cash flows from operating
activities	-28,226,880.48	-92,860,892.88	N/A
		From beginning
	From beginning	of the previous
	of the year to	year to the end of
	the end of the	the reporting period
	reporting period	of the previous
	(January to	year (January to	Year-on-year
	September)	September)	increase/decrease
			(%)
Operating income	261,438,363.61	209,125,577.79	25.02
Net profit attributable to shareholders
of the Company	569,179.05	-71,044,940.50	N/A
Net profit attributable to shareholders
of the Company after deducting
extraordinary profit or loss	-19,578,380.26	-73,486,273.85	N/A
Weighted average return on net
assets (%)	0.11	-16.55	N/A
Basic earnings per share
(RMB/share)	0.0011	-0.1352	N/A
Diluted earnings per share
(RMB/share)	0.0011	-0.1352	N/A

– 2 –

Extraordinary Items and Amounts

✓ Applicable N/A

Unit:yuan Currency: RMB

		Amount for the period
		from the beginning of
	Amount for the	the year to the end of
	current period	the reporting period
Items	(July–September)	(January–September)	Explanation
Gain or loss from disposal of non-current assets		83,418.35
Tax rebate or tax concessions with unauthorised approval or
without official approval documents or on an occasional
basis
Government grants credited to current profit or loss (except
for those which are closely related to the Company’s
ordinary business, in accordance with national policies
and continuously received in certain standard amounts and
quantities)	755,530.98	19,832,708.98
Capital occupancy fee from non-financial enterprises
recognized through profit or loss for the period
Gains in fair value of identifiable net assets attributable to
invested units at the time of acquisition over investment
costs for acquiring subsidiaries, associates and joint
ventures by the enterprise
Profit or loss from exchange of non-monetary assets
Gains or losses from discretionary investment or asset
management
Provision for impairment of assets due to force majeure such as
natural disaster
Profit or loss from debt restructuring	98,193.31	1,814,092.78
Corporate restructuring expenses, such as expenses on
employee placement and integration costs
Profit or loss arising from the excess of the unfair consideration
over the fair value of a transaction

– 3 –

Amount for the current period Items (July–September)

Amount for the period from the beginning of the year to the end of the reporting period (January–September) Explanation

Net profit or loss for the period of subsidiaries formed by business combination under common control from the beginning of the period to the date of combination Profit or loss from contingencies irrelevant to the normal operations of the Company Profit or loss from change in fair value of held-for-trading financial assets and held-for-trading financial liabilities, and investment income from disposal of held-for-trading financial assets, held-for-trading financial liabilities and available-for-sale financial assets, other than effective hedging business relating to the normal operations of the Company Reversal of the provision for impairment of receivables that are individually tested for impairment Gains or losses from external entrusted loans Profit or loss from changes in fair value of investment properties using the fair value model for subsequent measurement Effects on profit or loss for the period of one-off adjustment to profit or loss for the period in accordance with laws and regulations on taxation and accounting, etc. Entrusted fee income obtained from entrusted operation Other non-operating income and expenses excluding the aforesaid items Other profits or losses items within the definition of extraordinary profit or loss Effect of minority interests (after tax) Effect of income tax Total	-113,329.65 740,394.64	-126,062.61 -1,456,598.19
		20,147,559.31

– 4 –

2.2 Total number of shareholders, top 10 shareholders and top 10 holders of tradable shares (or holders of shares not subject to trading moratorium) as at the end of the reporting period

Unit: Share

Total number of shareholders 60,775

Shareholdings of the top 10 shareholders

			Number
			of shares
	Number of shares		held subject	Pledged or frozen
Name of shareholders	held as at the end of	Shareholding	to trading	Status of		Nature of
(full name)	the reporting period	percentage	moratorium	shares	Number	shareholder
		(%)
HKSCC NOMINEES	248,670,699	47.21	0	Unknown		Overseas legal
LIMITED						person
China Luoyang Float Glass	105,018,242	19.94	15,000,000	Pledged	41,000,000	State-owned
(Group) Company Limited						legal person
Bengbu Glass Industry Design	69,000,000	13.10	0	Nil		State-owned
Institute						legal person
Hong Kong Securities	638,924	0.12	0	Unknown		Overseas
Clearing Company Limited						legal person
Bank of China－Yin Hua	597,200	0.11	0	Unknown		Unknown
Advantaged Enterprises
(Balance type) Securities
Investment Fund
Zhou Jun (周軍)	577,161	0.11	0	Unknown		Domestic natural
						person
CHUK YEE MEN LIZA U/D	374,000	0.07	0	Unknown		Unknown
Liu Bibo (劉碧波)	335,400	0.06	0	Unknown		Domestic natural
						person
Jin Ruiming (金瑞明)	315,394	0.06	0	Unknown		Domestic natural
						person
Zhao Shengqi (趙生奇)	284,100	0.05	0	Unknown		Domestic natural
						person

– 5 –

Shareholdings of the top 10 holders of shares not subject to trading moratorium

	Number of
	circulating
	shares not
	subject to trading	Class and number of shares
Name of shareholders (full name)	moratorium	Class	Number
HKSCC NOMINEES LIMITED	248,670,699	Domestic listed foreign	248,670,699
		shares
China Luoyang Float Glass (Group) Company Limited	90,018,242	Ordinary shares	90,018,242
		denominated in RMB
Bengbu Glass Industry Design Institute	69,000,000	Ordinary shares	69,000,000
		denominated in RMB
Hong Kong Securities Clearing Company Limited	638,924	Ordinary shares	638,924
		denominated in RMB
Bank of China－Yin Hua Advantaged Enterprises	597,200	Ordinary shares	597,200
(Balance type) Securities Investment Fund		denominated in RMB
Zhou Jun (周軍)	577,161	Ordinary shares	577,161
		denominated in RMB
CHUK YEE MEN LIZA U/D	374,000	Domestic listed foreign	374,000
		shares
Liu Bibo (劉碧波)	335,400	Ordinary shares	335,400
		denominated in RMB
Jin Ruiming (金瑞明)	315,394	Ordinary shares	315,394
		denominated in RMB
Zhao Shengqi (趙生奇)	284,100	Ordinary shares	284,100
		denominated in RMB

Explanation on connected relationship or action acting in concert among the aforesaid shareholders

China Luoyang Float Glass (Group) Company Limited and Bengbu Glass Industry Design Institute are connected parties acting in concert as defined by Regulations for Disclosure of Changes in Shareholding of Listed Companies (《上市公司股東持股變動信息 披露管理辦法》) among the top ten shareholders of the Company. The Company is not aware of any parties acting in concert or any connected relationship among other shareholders of circulating shares.

Explanations on holders of preferential shares with voting None rights restored and the number of shares held

• 2.3 Total number of holders of preferential shares, top 10 holders of preferential shares and top 10 holders of preferential shares not subject to trading moratorium as at the end of the reporting period

Applicable ✓ N/A

– 6 –

III. SIGNIFICANT EVENTS

3.1 Details of and reasons for material changes in the major financial statement items and financial indicators of the Company

✓ Applicable Not applicable

	Amount at the	Amount at the
	end of	beginning of
Item	the period	the period	Changes	Explanation
			(%)
Bank balance and cash	56,947,294.71	157,528,516.53	-63.85	Decrease in net proceeds raised and increase in
				the bills received as payment for goods in the
				reporting period
Bills receivable	72,649,731.41	45,986,571.00	57.98	Increase in the acceptance bills received in the
				reporting period
Accounts receivable	132,464,826.20	101,891,329.13	30.01	Increase in the operating revenue in the reporting
				period
Prepayments	4,026,921.78	1,638,352.47	145.79	Prepayment of fuel and power costs in the
				reporting period
Other receivables	52,727,149.57	107,581,717.91	-50.99	Receipt of performance compensation for the
				Group and transfer of deposit for the land to
				intangible assets in the reporting period
Other current assets	15,874,111.40	34,874,034.35	-54.48	Decrease in deductible input tax in the reporting
				period
Construction in progress	20,533,531.26	100.00		Investment in new projects in the reporting
				period
Intangible assets	117,030,554.57	62,609,172.40	86.92	Increase in the land use rights in the reporting
				period
Deferred income tax	2,655,216.87	4,341,222.30	-38.84	Reversal of deferred income tax assets in the
assets				reporting period
Short-term loans	362,002,750.00	20,000,000.00	1,710.01	Increase in loans for working capital in the
				reporting period
Bills payable	30,000,000.00	90,000,000.00	-66.67	Decrease in bill financing in the reporting period
Accounts payable	26,425,164.28	46,373,902.20	-43.02	Decrease in the purchases in the reporting period
Staff remuneration	10,044,609.81	25,743,969.95	-60.98	Increase in staff remuneration paid in the
payables				reporting period
Tax payables	9,888,016.88	15,381,067.45	-35.71	Payment of income tax and add-value tax
				payable at the end of the previous period in the
				reporting period
Interests payable	1,348,348.64	713,868.25	88.88	Increase in provision for loan interests made in
				the reporting period
Non-current liabilities	91,726,983.49	471,337,062.91	-80.54	Repayment of long-term loans due in the
due within one year				reporting

– 7 –

	Amount from
	the beginning
	of the year to
	the end of	Amount for the
	the reporting	same period last
Item	period	year	Changes	Explanation
			(%)
Finance expenses	21,084,459.70	5,833,210.94	261.46	Increase in interest-bearing liabilities in the
				reporting period
Other income	20,821,899.40	100.00		Presentation of the government grants relating
				to the ordinary activities under the “other
				income”in accordance with the revised
				Enterprise Accounting Standard No.16 –
				Government Grant issued by the Ministry of
				Finance in the reporting period, while it was
				presented under the “non-operating income” in
				the same period last year
Non-operating income	2,007,827.13	6,289,565.87	-68.08	Presentation of the government grants relating
				to the ordinary activities under the “other
				income”in accordance with the revised
				Enterprise Accounting Standard No.16 –
				Government Grant issued by the Ministry of
				Finance in the reporting period, while it was
				presented under the “non-operating income” in
				the same period last year
Income tax expenses	6,620,887.03	3,973,673.03	66.62	Year-on-year increase in total profit due to profit
				recorded by the Company in the reporting
				period
Net cash flows from	-28,226,880.48	-92,860,892.88	N/A	Improvement in operating conditions in the
operating activities				reporting period
Net cash flow from	18,307,450.04	-91,006,656.29	N/A	Payment of differences for asset swap
investment activities				consideration in the same period last year
Net cash flow from	-60,661,461.41	166,982,573.07	-136.33	Receipt of proceeds from non-public issuance of
financing activities				shares in the same period last year

– 8 –

• 3.2 Analysis and explanation of progress and impact of significant events and their solutions

Applicable ✓ Not applicable

3.3 Undertakings not fully performed during the reporting period

Applicable ✓ Not applicable

• 3.4 The warning of projection on cumulative net profit for the period from the beginning of the year to the end of the next reporting period to be at a loss or expected to have material changes as compared to the corresponding period of prior year and its explanation

Applicable ✓ Not applicable

Company name LUOYANG GLASS COMPANY LIMITED Legal representative Zhang Chong* Date 27 October 2017

– 9 –

IV. APPENDIX

4.1 Financial Statements

Consolidated Balance Sheet

30 September 2017

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type of	Unit: yuan Currency: RMB Type of	audit: unaudited
		Balance as at the
	Balance as at the	beginning of the
Item	end of the period	year
Current assets:
Bank balance and cash	56,947,294.71	157,528,516.53
Clearing settlement funds
Placements with banks and other financial
institutions
Financial assets at fair value through profit
or loss
Derivative financial assets
Bills receivables	72,649,731.41	45,986,571.00
Accounts receivable	132,464,826.20	101,891,329.13
Prepayments	4,026,921.78	1,638,352.47
Premiums receivable
Receivables from reinsurance
Deposits receivable from reinsurance
contract
Interest receivable
Dividend receivable
Other receivables	52,727,149.57	107,581,717.91
Purchases of resold financial assets
Inventories	100,877,969.24	132,978,500.26
Assets classified as held-for-sale
Non-current assets due within one year
Other current assets	15,874,111.40	34,874,034.35
Total current assets	435,568,004.31	582,479,021.65

– 10 –

Item Non-current assets: Loans and advances granted Available-for-sale financial assets Held-to-maturity investment Long-term receivables Long-term equity investment Investment properties Fixed assets Construction in progress Engineering materials Disposal of fixed assets Productive biological assets Oil and gas assets Intangible assets Development expenditures Goodwill Long-term deferred expenses Deferred income tax assets Other non-current assets Total non-current assets Total assets Current liabilities: Short-term borrowings Borrowings from central bank Deposit taking and deposit in inter-bank market Placements from banks and other financial institutions Financial liabilities at fair value through profit or loss Derivative financial liabilities Bills payables Accounts payable Receipts in advance Disposal of repurchased financial assets Handling charges and commissions payable Employee compensation payable	Balance as at the end of the period 55,000,000.00 605,036,702.92 20,533,531.26 13,980.58 117,030,554.57 4,318,937.15 2,655,216.87 426,000.00 805,014,923.35 1,240,582,927.66 362,002,750.00 30,000,000.00 26,425,164.28 10,805,694.09 10,044,609.81	Balance as at the beginning of the year 55,000,000.00 648,972,313.06 62,609,172.40 3,515,290.90 4,341,222.30
		774,437,998.66
		1,356,917,020.31
		20,000,000.00 90,000,000.00 46,373,902.20 14,391,654.50 25,743,969.95

– 11 –

Item Taxes payable Interest payable Dividend payable Other payables Reinsurance accounts payable Deposits for insurance contracts Customer deposits for trading in securities Amounts due to issuer for securities underwriting Liabilities classified as held-for-sale Non-current liabilities due within one year Other current liabilities Total current liabilities Non-current liabilities: Long-term borrowings Bonds payable Including: Preferential shares Perpetual bonds Long-term payables Long-term employee compensation payable Special payables Accrued liability Deferred income Deferred tax liabilities Other non-current liabilities Total non-current liabilities Total Liabilities	Balance as at the end of the period 9,888,016.88 1,348,348.64 50,472,898.37 91,726,983.49 592,714,465.56 113,232,483.67 10,797,382.42 124,029,866.09 716,744,331.65	Balance as at the beginning of the year 15,381,067.45 713,868.25 42,578,922.04 471,337,062.91
		726,520,447.30
		87,836,374.23 19,290,781.82
		107,127,156.05
		833,647,603.35

– 12 –

				Balance as at the
		Balance as at the		beginning of the
Item	end of the period			year
Owners’ equity
Share capital			526,766,875.00	526,766,875.00
Other equity instruments
Including: Preferential shares
Perpetual bonds
Capital reserve			1,473,105,039.50	1,473,105,039.50
Less: Treasury stock
Other comprehensive income
Special reserve
Surplus reserve			51,365,509.04	51,365,509.04
General risk provisions
Undistributed profit	-1,527,398,827.53			-1,527,968,006.58
Total owners’ equity attributable to owners
of the Company			523,838,596.01	523,269,416.96
Minority interests
Total owners’ equity			523,838,596.01	523,269,416.96
Total liabilities and owners’ equity			1,240,582,927.66	1,356,917,020.31
Legal	Person in charge of		Person in charge of
representative:	accounting:		accounting department:
Zhang Chong	Ma Yan		Chen Jing

– 13 –

Balance Sheet of the Company

30 September 2017

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type	Unit: yuan Currency: RMB Type	of audit: unaudited
	Balance as at the end	Balance as at the
Item	of the period	beginning of the year
Current Assets:
Cash and cash equivalents	27,601,039.78	109,837,249.29
Financial assets at fair value through
profit or loss
Derivative financial assets
Bills receivables	7,172,101.22	12,832,190.32
Accounts receivable	205,705,632.03	207,658,323.10
Prepayments	519,981.19	58,700.86
Interest receivable
Dividend receivable
Other receivables	29,467,149.76	82,751,723.72
Inventories
Assets classified as held-for-sale
Non-current assets due within one
year
Other current assets	191,395.42	52,829.24
Total current assets	270,657,299.40	413,191,016.53

– 14 –

Balance as at the end Balance as at the of the period beginning of the year

Item

Non-current assets: Available-for-sale financial assets Held-to-maturity investment Long-term receivables Long-term equity investment Investment properties Fixed assets Construction in progress Engineering materials Disposal of fixed assets Productive biological assets Oil and gas assets Intangible assets Development expenditures Goodwill Long-term deferred expenses Deferred income tax assets Other non-current assets Total non-current assets Total assets Current liabilities Short-term borrowings Financial liabilities at fair value through profit or loss Derivative financial liabilities Bills payable Accounts payable Receipts in advance Employee compensation payable Taxes payable Interest payable Dividend payable Other payables Liabilities classified as held-for-sale Non-current liabilities due within one year Other current liabilities Total current liabilities	55,000,000.00 828,986,593.99 2,595,621.88 63,993,086.86 189,000.00 950,764,302.73 1,221,421,602.13 343,502,750.00 30,000,000.00 5,875,573.47 7,994,253.42 5,693,097.80 558,380.69 397,635,701.39 9,146,724.30 800,406,481.07	55,000,000.00 748,986,593.99 2,878,637.33 6,674,333.25 270,000.00
		813,809,564.57
		1,227,000,581.10
		90,000,000.00 15,317,580.28 11,625,410.24 8,015,791.49 807,117.66 281,486,640.75 386,428,324.30
		793,680,864.72

– 15 –

Balance as at the end Balance as at the of the period beginning of the year

Item

Non-current liabilities:
Long-term borrowings			669,795.67		946,806.31
Bonds payable
Including: Preferential shares
Perpetual bonds
Long-term payables
Long-term employee compensation
payable
Special payables
Accrued liability
Deferred income
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities			669,795.67		946,806.31
Total Liabilities		801,076,276.74			794,627,671.03
Owners’ equity:
Share capital		526,766,875.00			526,766,875.00
Other equity instruments
Including: Preferential shares
Perpetual bonds
Capital reserve		1,253,391,100.15			1,253,391,100.15
Less: Treasury stock
Other comprehensive income
Special reserve
Surplus reserve			51,365,509.04		51,365,509.04
Undistributed profit		-1,411,178,158.80			-1,399,150,574.12
Total owners’ equity		420,345,325.39			432,372,910.07
Total liabilities and owners’	equity	1,221,421,602.13			1,227,000,581.10
Legal Person in charge of			Person in charge of
representative:	accounting:		accounting department:
Zhang Chong	Ma Yan			Chen Jing

– 16 –

Consolidated Income Statement January to September 2017

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type of audit: unaudited

					Amount from the
				Amount from the	beginning of the
				beginning of the	previous year to
				year to the end	the end of the
		Amount for	Amount for the	of the reporting	reporting period
		the current	corresponding	period	of the previous
		period	period last year	(January–	year (January–
Item		(July–September)	(July–September)	September)	September)
I.	Total operating revenue	106,469,086.57	71,885,863.16	261,438,363.61	209,125,577.79
	Including: Operating revenue	106,469,086.57	71,885,863.16	261,438,363.61	209,125,577.79
	Interest income
	Premium earned
	Handling charges and
	commission income
II.	Total operating costs	106,058,391.06	115,707,313.83	276,841,645.45	279,718,206.59
	Less: Operating costs	80,024,680.00	89,658,773.40	192,614,695.32	218,146,294.10
	Interest expense
	Handling charges and commission
	expense
	Surrender value
	Net compensation expenses
	Net amount of provisions for
	insurance contract
	Expenditures on policy dividend
	Reinsurance expenses
	Taxes and surcharges	1,896,096.62	1,420,016.37	5,198,049.76	1,612,158.36
	Selling expenses	1,568,073.87	1,828,343.27	4,829,230.44	5,369,499.42
	Administrative expenses	15,149,013.26	21,066,615.06	52,261,786.68	48,535,045.69
	Financial expenses	7,420,527.31	2,615,887.72	21,084,459.70	5,833,210.94
	Impairment losses of assets		-882,321.99	853,423.55	221,998.08

– 17 –

Item

			Amount from the
		Amount from the	beginning of the
		beginning of the	previous year to
		year to the end	the end of the
Amount for	Amount for the	of the reporting	reporting period
the current	corresponding	period	of the previous
period	period last year	(January–	year (January–
(July–September)	(July–September)	September)	September)

	Add: G ains from changes in fair value
	(loss is represented by “-”)
	Investment income (loss is
	represented by “-”)
	Including: Gains from investment
	in associates and
	joint ventures
	Exchange gain (loss is represented
	by “-”)
	Other income	1,072,761.12		20,821,899.40
III.	O perating profit (loss is represented
	by “-”)	1,483,456.63	-43,821,450.67	5,418,617.56	-70,592,628.80
	Add: Non-operating income	98,193.31	1,960,686.26	2,007,827.13	6,289,565.87
	Including: G ains on disposal of
	non-current assets		322,732.92	83,418.35	322,827.95
	Less: Non-operating expense		2,627,624.32	236,378.61	2,768,204.54
	Including: L osses on disposal of
	non-current assets
IV.	T otal profit (total loss is represented
	by “-”)	1,581,649.94	-44,488,388.73	7,190,066.08	-67,071,267.47
	Less: Income tax expenses	2,190,429.91	810,957.54	6,620,887.03	3,973,673.03
V.	Net profit (net loss is represented by
	“-”)	-608,779.97	-45,299,346.27	569,179.05	-71,044,940.50
	Net profit attributable to owners of the
	Company	-608,779.97	-45,299,346.27	569,179.05	-71,044,940.50
	Minority interests

VI. Other comprehensive income, net of tax

Other comprehensive income attributable

to owners of the Company (net of tax)

– 18 –

				Amount from the
			Amount from the	beginning of the
			beginning of the	previous year to
			year to the end	the end of the
	Amount for	Amount for the	of the reporting	reporting period
	the current	corresponding	period	of the previous
	period	period last year	(January–	year (January–
Item	(July–September)	(July–September)	September)	September)

• (I) Other comprehensive income that will not be reclassified subsequently to profit or loss

• Changes of net liabilities or net assets arising from the re-measurement of defined benefit plans

• Share of other comprehensive income of investees that will not be reclassified to profit or loss under equity method

• (II) Other comprehensive income that will be reclassified subsequently to profit or loss

• Share of other comprehensive income of the investees that will be reclassified into profit or loss under equity method subsequently

• Gain or loss from changes in fair value of available-for-sale financial assets

• Gain or loss from heldto-maturity investment reclassified as available-forsale financial assets

• Effective portion of profit or loss from cash flows hedges

• Exchange differences from translation of financial statements

• Others

Other comprehensive income attributable to minority interests (net of tax)

– 19 –

						Amount from the
					Amount from the	beginning of the
					beginning of the	previous year to
					year to the end	the end of the
			Amount for	Amount for the	of the reporting	reporting period
			the current	corresponding	period	of the previous
			period	period last year	(January–	year (January–
Item			(July–September)	(July–September)	September)	September)
VII.	Total comprehensive income		-608,779.97	-45,299,346.27	569,179.05	-71,044,940.50
	Total	comprehensive income attributable
	to	owners of the Company	-608,779.97	-45,299,346.27	569,179.05	-71,044,940.50
	To tal	comprehensive income attributable
	to minority interests
VIII.	Earnings per share:
	(I)	B asic earnings per share
		(RMB/share)	-0.0012	-0.0860	0.0011	-0.1352
	(II)	D iluted earnings per share
		(RMB/share)	-0.0012	-0.0860	0.0011	-0.1352
Legal			Person in charge	of	Person in charge of
representative:			accounting:	accounting department:
Zhang	Chong		Ma Yan		Chen Jing

– 20 –

Income Statement of the Company January–September 2017

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type of audit: unaudited

					Amount from the
					beginning of the
				Amount from the	previous year to
				beginning of the	the end of the
			Amount for the	year to the end	reporting period
		Amount for the	corresponding	of the reporting	of the previous
		current period	period last year	period (January–	year (January–
Item		(July–September)	(July–September)	September)	September)
I.	Operating revenue	66,316,501.31	41,161,524.20	138,755,254.26	131,858,292.26
	Less: Operating costs	63,624,990.72	40,814,162.86	135,877,816.05	129,517,514.88
	Taxes and surcharges	359,570.17		761,346.47	15,183.99
	Selling expenses	127,346.34	138,769.19	346,004.31	476,285.60
	Administration expenses	5,224,671.99	12,650,513.46	4,085,002.41	23,061,501.28
	Finance expenses	7,192,775.59	-189,568.41	18,263,562.04	-1,095,368.36
	Impairment loss on assets			600,521.20
	Add: Gain from changes in fair value
	(losses are represented by “-”)
	In vestment income (losses are
	represented by “-”)	2,800,159.39	2,781,850.00	8,315,524.31	8,315,312.50
	A mong which: Gains from
	investment in associates and
	joint ventures
	Other income
II.	O perating profit (loss is represented
	by “-”)	-7,412,694.11	-9,470,502.90	-12,863,473.91	-11,801,512.63
	Add: Non-operating income		393,828.66	1,036,395.35	459,664.93
	Including: G ain from disposal of
	non-current assets				95.03
	Less: Non-operating expenses		1,737,731.30	200,506.12	1,737,731.30
	Including: L oss from disposal of
	non-current assets

– 21 –

					Amount from the
					beginning of the
				Amount from the	previous year to
				beginning of the	the end of the
			Amount for the	year to the end	reporting period
		Amount for the	corresponding	of the reporting	of the previous
		current period	period last year	period (January–	year (January–
Item		(July–September)	(July–September)	September)	September)
III.	T otal profit (total loss is represented
	by “-”)	-7,412,694.11	-10,814,405.54	-12,027,584.68	-13,079,579.00
	Less: Income tax expenses
IV.	N et profit (net loss is represented by
	“-”)	-7,412,694.11	-10,814,405.54	-12,027,584.68	-13,079,579.00
V.	O ther comprehensive income, net of
	tax

• (I) Other comprehensive income that will not be reclassified subsequently to profit or loss

• C hanges of net liabilities or net assets arising from the re-measurement of defined benefit plans

• S hare of other comprehensive income of investees that will not be reclassified to profit or loss under equity method

• (II) Other comprehensive income that will be reclassified subsequently to profit or loss

• S hare of other comprehensive income of the investees that will be reclassified into profit or loss under equity method subsequently

• G ain or loss from changes in fair value of available-forsale financial assets

• G ain or loss from heldto- maturity investment reclassified as available-forsale financial assets

– 22 –

Amount from the beginning of the Amount from the previous year to beginning of the the end of the Amount for the year to the end reporting period Amount for the corresponding of the reporting of the previous current period period last year period (January– year (January– Item (July–September) (July–September) September) September)

1. Effective portion of profit or

loss from cash flows hedges

1. Exchange differences from translation of financial statements

2. Others

VI. Total comprehensive income

-7,412,694.11 -10,814,405.54 -12,027,584.68 -13,079,579.00

VII. Earnings per share:

• (I) Basic earnings per share (RMB/share)

• (II) Diluted earnings per share

• (RMB/share)

Legal Person in charge of Person in charge of representative: accounting: accounting department: Zhang Chong Ma Yan Chen Jing

– 23 –

Consolidated Cash Flow Statement January–September 2017

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type of audit: unaudited

Item I. Cash flow from operating activities: Cash received from sale of goods or rendering of services Net increase in customer and interbank deposits Net increase in loans from central bank Net increase in loans from other financial institutions Cash received from premiums under original insurance contract Net cash received from reinsurance business Net increase in deposits of policy holders and investment Net increase in disposal of financial assets at fair value through profit or loss Cash received from interest, handling charges and commissions Net increase in loans Net increase in income from repurchase business Tax refunds received Other cash received from activities related to operation Sub-total of cash inflow from operating activities	Amount from the beginning of the year to the end of the reporting period (January– September) 121,874,917.73 14,308,505.69 136,183,423.42	Amount from the beginning of the previous year to the end of the reporting period of the previous year (January– September) 85,036,124.11 6,463,039.27
		91,499,163.38

– 24 –

Item Cash paid for goods purchased and services rendered Net increase in loans and advances from customers Net increase in deposits with central bank and interbank deposits Cash paid for compensation payments under original insurance contracts Cash paid for interest, handling charges and commissions Cash paid for insurance policy dividend Cash paid to and on behalf of employees Tax payments Other cash paid for activities related to operation Sub-total of cash outflow from operating activities Net cash flow from operating activities II. Cash flow from investment activities: Cash from recovery of investments Cash received from return of investment Net cash received from disposal of fixed assets, intangible assets and other long- term assets Cash received from disposal of subsidiaries and other operating entities Other cash received from activities related to investment Sub-total of cash inflow from investment activities	Item Cash paid for goods purchased and services rendered Net increase in loans and advances from customers Net increase in deposits with central bank and interbank deposits Cash paid for compensation payments under original insurance contracts Cash paid for interest, handling charges and commissions Cash paid for insurance policy dividend Cash paid to and on behalf of employees Tax payments Other cash paid for activities related to operation Sub-total of cash outflow from operating activities Net cash flow from operating activities II. Cash flow from investment activities: Cash from recovery of investments Cash received from return of investment Net cash received from disposal of fixed assets, intangible assets and other long- term assets Cash received from disposal of subsidiaries and other operating entities Other cash received from activities related to investment Sub-total of cash inflow from investment activities	Amount from the beginning of the year to the end of the reporting period (January– September) 50,974,913.07 79,234,818.52 21,921,889.39 12,278,682.92 164,410,303.90 -28,226,880.48 2,348,600.00 23,798,268.89 26,146,868.89		Amount from the beginning of the previous year to the end of the reporting period of the previous year (January– September) 81,215,448.28 60,552,754.35 20,548,458.72 22,043,394.91
				184,360,056.26
				-92,860,892.88
				322,732.92
				322,732.92

– 25 –

Item Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets Cash paid for investment Net increase in pledged loans Net cash paid for acquisition of subsidiaries and other operating entities Other cash paid for activities related to investment Sub-total of cash outflow from investment activities Net cash flow from investment activities III. Cash flow from financing activities: Cash received from investments Including: cash received by subsidiaries from minority shareholders’ investment Proceeds from loans C ash received from issuance of securities O ther cash received from financing- related activities S ub-total of cash inflow from financing activities	Item Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets Cash paid for investment Net increase in pledged loans Net cash paid for acquisition of subsidiaries and other operating entities Other cash paid for activities related to investment Sub-total of cash outflow from investment activities Net cash flow from investment activities III. Cash flow from financing activities: Cash received from investments Including: cash received by subsidiaries from minority shareholders’ investment Proceeds from loans C ash received from issuance of securities O ther cash received from financing- related activities S ub-total of cash inflow from financing activities	Amount from the beginning of the year to the end of the reporting period (January– September) 7,839,418.85 7,839,418.85 18,307,450.04 381,154,000.00 318,512,700.40 699,666,700.40		Amount from the beginning of the previous year to the end of the reporting period of the previous year (January– September) 599,673.90 90,729,715.31
				91,329,389.21
				-91,006,656.29
				209,624,984.30 20,000,000.00 200,276,161.61
				429,901,145.91

– 26 –

Item Cash paid for repayment of loans Cash paid for dividends, profit, or interest payments Including: dividend and profit paid by subsidiaries to minority shareholders O ther cash paid for financing-related activities S ub-total of cash outflow from financing activities N et cash flow from financing activities IV. E ffects of changes in exchange rate on cash and cash equivalents V. N et increase in cash and cash equivalents Add: O pening balance of cash and cash equivalents VI. C losing balance of cash and cash equivalents Legal representative: Person in charge accounting: Zhang Chong Ma Yan	Amount from the beginning of the year to the end of the reporting period (January– September) Amount from the beginning of the previous year to the end of the reporting period of the previous year (January– September) 381,127,895.57 74,649,536.92 15,730,811.98 5,913,538.48 363,469,454.26 182,355,497.44 760,328,161.81 262,918,572.84 -60,661,461.41 166,982,573.07 -329.97 175.70 -70,581,221.82 -16,884,800.40 112,528,516.53 42,342,860.91 41,947,294.71 25,458,060.51 of Person in charge of accounting department: Chen Jing	Amount from the beginning of the previous year to the end of the reporting period of the previous year (January– September) 74,649,536.92 5,913,538.48 182,355,497.44
		262,918,572.84
		166,982,573.07
		175.70 -16,884,800.40 42,342,860.91 25,458,060.51

– 27 –

Cash Flow Statement of the Company January–September 2017

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type of audit: unaudited

Item I. Cash flow from operating activities: Cash received from sale of goods or rendering of services Tax refunds received Other cash received from activities related to operation Sub-total of cash inflow from operating activities Cash paid for goods purchased and services rendered Cash paid to and on behalf of employees Tax payments Other cash paid for activities related to operation Sub-total of cash outflow from operating activities Net cash flow from operating activities	Amount from the beginning of the year to the end of the reporting period (January– September) 62,006,009.32 37,570,255.20 99,576,264.52 1,086,900.00 9,387,306.23 1,051,391.90 105,188,358.49 116,713,956.62 -17,137,692.10	Amount from the beginning of the previous year to the end of the reporting period of the previous year (January– September) 52,270,623.48 267,396,926.01
		319,667,549.49
		21,503,844.96 23,064,360.71 1,071,636.02 198,044,865.74
		243,684,707.43
		75,982,842.06

– 28 –

Item II. Cash flow from investment activities: Cash from recovery of investment Cash received from return of investment Net cash received from disposal of fixed assets, intangible assets and other long-term assets Net cash received from disposal of subsidiaries and other operating entities Other cash received from activities related to investment S ub-total of cash inflows from investment activities C ash paid for purchase and construction of fixed assets, intangible assets and other long-term assets Cash paid for investment N et cash paid for acquisition of subsidiaries and other operating entities O ther cash paid for activities related to investment S ub-total of cash outflow from investment activities N et cash flow from investment activities	Amount from the beginning of the year to the end of the reporting period (January– September) 400,000.00 43,164,222.88 43,564,222.88 3,360,750.60 80,000,000.00 83,360,750.60 -39,796,527.72	Amount from the beginning of the previous year to the end of the reporting period of the previous year (January– September)
		53,382.45 90,729,715.31
		90,783,097.76
		-90,783,097.76

– 29 –

Item III. Cash flow from financing activities: Cash received from investments Proceeds from loans Cash received from issuing bonds Other cash received from financing- related activities S ub-total of cash inflow from financing activities Cash paid for repayment of loans C ash paid for dividends, profit, or interest payments O ther cash paid for financing-related activities S ub-total of cash outflow from financing activities N et cash flow from financing activities IV. Effects of changes in exchange rate on cash and cash equivalents V. N et increase in cash and cash equivalents Add: O pening balance of cash and cash equivalents VI. C losing balance of cash and cash equivalents Legal representative: Person in charge accounting: Zhang Chong Ma Yan	Amount from the beginning of the year to the end of the reporting period (January– September) Amount from the beginning of the previous year to the end of the reporting period of the previous year (January– September) 209,624,984.30 262,654,000.00 759,853,947.99 39,813,771.90 1,022,507,947.99 249,438,756.20 295,494,384.61 32,621,304.38 9,652,811.34 32,596.42 712,662,411.76 199,600,000.00 1,017,809,607.71 232,253,900.80 4,698,340.28 17,184,855.40 -329.97 175.70 -52,236,209.51 2,384,775.40 64,837,249.29 422,236.77 12,601,039.78 2,807,012.17 of Person in charge of accounting department: Chen Jing	Amount from the beginning of the previous year to the end of the reporting period of the previous year (January– September) 209,624,984.30 39,813,771.90
		249,438,756.20
		32,621,304.38 32,596.42 199,600,000.00
		232,253,900.80
		17,184,855.40
		175.70 2,384,775.40 422,236.77 2,807,012.17

– 30 –

4.2 Audit Report

Applicable ✓ Not applicable

Company name LUOYANG GLASS COMPANY LIMITED Legal representative Zhang Chong* Date 27 October 2017

As at the date of this announcement, the Board comprises four executive Directors: Mr. Zhang Chong, Mr. Ni Zhisen, Mr. Wang Guoqiang and Mr. Ma Yan; one non-executive Director: Mr. Xie Jun; and four independent non-executive Directors: Mr. Jin Zhanping, Mr. Liu Tianni, Mr. Ye Shuhua and Mr. He Baofeng.

• For identification purposes only

– 31 –