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

Apr 28, 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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FIRST 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 first quarterly report of the Company is unaudited.

* For identification purposes 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
	At the end of	At the end of	compared with
	the reporting	the previous	the end of
	period	year	the previous year
			(%)
Total assets	1,244,573,294.80	1,356,917,020.31	-8.28
Net assets attributable to shareholders of
the Company	524,427,714.44	523,269,416.96	0.22
		From beginning of
	From beginning	the previous year
	of the year	to the end of
	to the end of	the reporting
	the reporting	period of the	Year-on-year
	period	previous year	increase/decrease
			(%)
Net cash flows from operating activities	–29,306,072.80	–59,887,499.84	N/A
		From beginning of
	From beginning	the previous year
	of the year	to the end of
	to the end of	the reporting
	the reporting	period of the	Year-on-year
	period	previous year	increase/decrease
			(%)
Operating income	76,356,597.31	69,231,357.10	10.29
Net profit attributable to shareholders of the Company	1,158,297.48	437,051.69	165.03
Net profit attributable to shareholders of the Company
after deducting extraordinary profit or loss	–1,508,949.54	–2,004,867.37	N/A
Weighted average return on net assets_(%)_			Increased by 0.12
	0.22	0.10	percentage points
Basic earnings per share_(RMB/share)_	0.0022	0.0008	175.00
Diluted earnings per share_(RMB/share)_	0.0022	0.0008	175.00

– 2 –

Extraordinary Items and Amounts

Unit:yuan Currency: RMB

Items 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) Profit or loss from debt restructuring Entrusted fee income obtained from entrusted operation Other non-operating income and expenses excluding the aforesaid items Effect of income tax Total

Amount for the reporting period Explanation 1,633,064.61 1,334,671.27 -113,618.62 -186,870.24 2,667,247.02

– 3 –

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) at the end of the reporting period

Unit: Share

Total number of shareholders

59,981, including 59,933 holders of A Shares and 48 holders of H Shares

Shareholdings of the top 10 shareholders

			Number of
	Number of		shares held
	shares held as		subject	Pledged or frozen
	at the end of the	Shareholding	to trading	Status of		Nature of
Name of shareholders (full name)	reporting period	percentage	moratorium	shares	Number	shareholder
		(%)
HKSCC NOMINEES LIMITED	248,670,699	47.21	0	Unknown		Overseas
						legal person
China Luoyang Float Glass (Group)	105,018,242	19.94	15,000,000	Pledged	41,000,000	State-owned legal
Company Limited						person
Bengbu Glass Industry Design Institute	69,000,000	13.10	0	Nil		State-owned legal
						person
First Capital Securities Co., Ltd. – Guosen	1,066,637	0.20	0	Unknown		Unknown
Securities – Gongying Dayan Quantified
Private Placement Assembled Asset
Management Plan (第一創業證券－國信 證券－共盈大岩量化定增集合資產管理
計劃)
Agricultural Bank of China Limited –	924,600	0.18	0	Unknown		Unknown
Fullgoal CSI State-owned Enterprises Reform Index Classified Fund (中國農
業銀行股份有限公司－富國中證國有企
業改革指數分級證券投資基金)
Liu Bibo (劉碧波)	900,000	0.17	0	Unknown		Domestic natural
						person
Wang Jinnan (王進南)	808,550	0.15	0	Unknown		Domestic natural
Zhang Lixin (張立新)	800,000	0.15	0	Unknown		person Domestic natural
						person
Hong Kong Securities Clearing	693,019	0.13	0	Unknown		Overseas legal
Company Limited Pu Lulu (蒲露露)	380,000	0.07	0	Unknown		person Domestic natural
						persona

– 4 –

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

moratorium
	Number of circulating
	shares not subject to
Name of shareholders (full name)	trading moratorium	Class and number of shares
		Class	Number
HKSCC NOMINEES LIMITED	248,670,699	Overseas listed	248,670,699
		foreign shares
China Luoyang Float Glass (Group) Company	90,018,242	Ordinary shares	90,018,242
Limited		denominated in RMB
Bengbu Glass Industry Design Institute	69,000,000	Ordinary shares denominated in RMB	69,000,000
First Capital Securities Co., Ltd. – Guosen Securities	1,066,637	Ordinary shares	1,066,637
– Gongying Dayan Quantified Private Placement		denominated in RMB
Assembled Asset Management Plan (第一創業證券－國信證券－共盈大岩量化定增 集合資產管理計劃)
Agricultural Bank of China Limited – Fullgoal CSI	924,600	Ordinary shares	924,600
State-owned Enterprises Reform Index Classified Fund (中國農業銀行股份有限公司－富國中證國 有企業改革指數分級證券投資基金) Liu Bibo (劉碧波)	900,000	denominated in RMB Ordinary shares	900,000
		denominated in RMB
Wang Jinnan (王進南)	808,550	Ordinary shares	808,550
		denominated in RMB
Zhang Lixin (張立新)	800,000	Ordinary shares	800,000
		denominated in RMB
Hong Kong Securities Clearing Company Limited	693,019	Ordinary shares	693,019
		denominated in RMB
Pu Lulu (蒲露露)	380,000	Ordinary shares	380,000
		denominated in RMB

Explanation on connected relationship or action China Luoyang Float Glass (Group) Company Limited and Bengbu acting in concert among Glass Industry Design Institute are connected parties acting in concert the aforesaid shareholders 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 preference shareholders with voting None rights restored and the number of shares held

• Note: 1. Shares held by HKSCC NOMINEES LIMITED are held on behalf of various customers.

• The ordinary shares dominated in Renminbi held by Hong Kong Securities Clearing Company Limited are held on behalf of overseas investors who held these shares via Northbound Trading in the Shanghai-Hong Kong Stock Connect.

– 5 –

III. SIGNIFICANT EVENTS

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

Unit: yuan Currency: RMB

	Amount at	Amount at
	the end of	the beginning
Item	the period	of the period	Changes	Explanation
			(%)
Bank balance and	56,199,860.78	157,528,516.53	-64.32	Honoring of notes upon
cash				maturity and repayment
				of loans and interests due
				in the reporting period
Other receivables	30,327,853.30	107,581,717.91	-71.81	Receipt of performance
				compensation for the
				Group and transfer of
				deposit for the land to
				intangible assets in the
				reporting period
Intangible assets	120,442,067.15	62,609,172.40	92.37	Increase in the land use
				rights in the reporting
				period
Short-term loans	346,240,250.00	20,000,000.00	1631.20	Increase in loans for
				working capital in the
				reporting period
Notes payable	30,000,000.00	90,000,000.00	-66.67	Honoring of certain notes
				due in the reporting
				period
Staff remuneration	16,656,077.14	25,743,969.95	-35.30	Payment of staff
payables				remuneration payables
				provided in the previous
				period in the reporting
				period
Tax payables	9,277,749.05	15,381,067.45	-39.68	Payment of income tax and
				VAT payable at the end
				of the previous period in
				the reporting period
Other payables	73,477,866.66	42,578,922.04	72.57	Increase in advances
				payable to related parties
				in the reporting period
Non-current	98,433,412.71	471,337,062.91	-79.12	Repayment of long-term
liabilities due				loans due in the reporting
within one year				period

– 6 –

	Amount from
	the beginning
	of the year	Amount for
	to the end of	the same
	the reporting	period last
Item	period	year	Changes	Explanation
			(%)
Administration	19,692,785.06	12,737,849.51	54.60	Increased investment in
expenses				R&D in the reporting
				period
Finance expenses	4,869,699.98	518,182.67	839.77	Increase in interest-
				bearing liabilities in the
				reporting period
Net cash flows	-29,306,072.80	-59,887,499.84	N/A	Decrease in cash paid
from operating				for purchasing of
activities				commodities in the
				reporting period
Net cash flow	23,219,327.88	-90,811,969.51	N/A	Payment of differences for
from investment				asset swap consideration
activities				in the same period last
				year
Net cash flow	-65,241,861.01	145,972,356.83	-144.69	Receipt of proceeds from
from financing				non-public issuance
activities				of shares in the same
				period last year

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

Not applicable

3.3 Undertakings not fully performed during the reporting period

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

Not applicable

– 7 –

IV. APPENDIX

4.1 Financial Statements

Consolidated Balance Sheet

31 March 2017

Prepared by: Luoyang Glass Company Limited

Unit: yuan Currency: RMB Type of audit: unaudited

Item Current assets: Bank balance and cash Notes receivable Accounts receivable Prepayments Other receivables Inventory Other current assets Total current assets Non-current assets: Long-term receivables Fixed assets Construction in progress Intangible assets Long-term deferred expenses Deferred income tax assets Total non-current assets Total assets	Balance as at the end of the period 56,199,860.78 51,767,516.23 116,042,228.90 1,717,037.33 30,327,853.30 136,380,517.74 30,328,308.55 422,763,322.83 55,000,000.00 637,317,230.93 1,676,278.60 120,442,067.15 3,033,172.99 4,341,222.30 821,809,971.97 1,244,573,294.80	Balance as at the beginning of the year 157,528,516.53 45,986,571.00 101,891,329.13 1,638,352.47 107,581,717.91 132,978,500.26 34,874,034.35 582,479,021.65 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

– 8 –

		Balance as at	Balance as at
		the end of	the beginning of
Item		the period	the year
Current liabilities:
Short-term loans		346,240,250.00	20,000,000.00
Notes payable		30,000,000.00	90,000,000.00
Accounts payable		35,845,736.33	46,373,902.20
Payments received in advance		12,710,314.66	14,391,654.50
Staff remuneration payables		16,656,077.14	25,743,969.95
Taxes payable		9,277,749.05	15,381,067.45
Interests payable		489,843.75	713,868.25
Other payables		73,477,866.66	42,578,922.04
Non-current liabilities due within one year		98,433,412.71	471,337,062.91
Total current liabilities		623,131,250.30	726,520,447.30
Non-current liabilities:
Long-term loans		79,356,612.85	87,836,374.23
Deferred income		17,657,717.21	19,290,781.82
Total non-current liabilities		97,014,330.06	107,127,156.05
Total liabilities		720,145,580.36	833,647,603.35
Owners’ equity:
Share capital		526,766,875.00	526,766,875.00
Capital reserve		1,473,105,039.50	1,473,105,039.50
Surplus reserve		51,365,509.04	51,365,509.04
Retained earnings		-1,526,809,709.10	-1,527,968,006.58
Total equity attributable to the equity
holders of the Company		524,427,714.44	523,269,416.96
Total owners’ equity		524,427,714.44	523,269,416.96
Total liabilities and owners’	equities	1,244,573,294.80	1,356,917,020.31
		Person in charge of
Legal representative: Chief accountant:		accounting department:
Zhang Chong	Ma Yan	Chen Jing

– 9 –

Balance Sheet of the Company 31 March 2017

Prepared by: Luoyang Glass Company Limited

Unit: yuan Currency: RMB Type of audit: unaudited

Item Current assets: Bank balance and cash Notes receivable Accounts receivable Prepayments Other receivables Other current assets Total current assets Non-current assets: Long-term receivables Long-term equity investments Fixed assets Intangible assets Long-term deferred expenses Total non-current assets Total assets	Balance as at the end of the period 41,187,946.43 15,617,070.26 214,982,627.75 11,266,583.45 283,054,227.89 55,000,000.00 748,986,593.99 2,783,223.99 64,849,560.28 243,000.00 871,862,378.26 1,154,916,606.15	Balance as at the beginning of the year 109,837,249.29 12,832,190.32 207,658,323.10 58,700.86 82,751,723.72 52,829.24 413,191,016.53 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

– 10 –

		Balance as at		Balance as at
		the end of		the beginning
Item		the period		of the year
Current liabilities:
Short-term loans		326,240,250.00
Notes payable		30,000,000.00		90,000,000.00
Accounts payable		8,185,573.47		15,317,580.28
Payments received in advance		10,240,070.40		11,625,410.24
Staff remuneration payables		5,686,205.38		8,015,791.49
Taxes payable		79,208.02		807,117.66
Other payables		309,854,477.81		281,486,640.75
Non-current liabilities due
within one year		35,898,724.30		386,428,324.30
Total current liabilities		726,184,509.38		793,680,864.72
Non-current liabilities:
Long-term loans		800,377.93		946,806.31
Total non-current liabilities		800,377.93		946,806.31
Total liabilities		726,984,887.31		794,627,671.03
Owners’ equity:
Share capital		526,766,875.00		526,766,875.00
Capital reserve		1,253,391,100.15		1,253,391,100.15
Surplus reserve		51,365,509.04		51,365,509.04
Retained earnings	-1,403,591,765.35		-1,399,150,574.12
Total owners’ equity		427,931,718.84		432,372,910.07
Total liabilities and owners’	equities	1,154,916,606.15		1,227,000,581.10
		Person in charge of
Legal representative:	Chief accountant: accounting department:
Zhang Chong	Ma Yan	Chen Jing

– 11 –

Consolidated Income Statement January to March 2017

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type of audit: unaudited

				Corresponding
			Reporting period	period last year
			(January to	(January to
Item			March 2017)	March 2016)
I.	Total operating revenue		76,356,597.31	69,231,357.10
	Including:	Operating revenue	76,356,597.31	69,231,357.10
II.	Total operating costs		76,094,977.87	69,161,485.97
	Including:	Operating costs	48,455,244.04	54,063,383.87
		Business taxes and surcharges	1,360,396.77	75,860.04
		Selling expenses	1,716,852.02	1,767,109.88
		Administration expenses	19,692,785.06	12,737,849.51
		Finance expenses	4,869,699.98	518,182.67
		Impairment loss on assets		-900.00
III.	Operating	profit (loss is represented by “–”)	261,619.44	69,871.13
	Add:	Non-operating income	3,078,051.88	3,167,743.22
		Including: Gain from disposal
		of non-current
		assets		95.03
	Less:	Non-operating expenses	223,934.62	23,802.57
IV.	Total profit (total loss is represented by “-”)		3,115,736.70	3,213,811.78
	Less:	Income tax expenses	1,957,439.22	2,776,760.09

– 12 –

					Corresponding
			Reporting period		period last year
				(January to	(January to
Item				March 2017)	March 2016)
V.	Net profit (net loss is represented		by “-”)	1,158,297.48	437,051.69
	Net profit attributable to the owners		of
	the Parent Company			1,158,297.48	437,051.69
VI.	Net other comprehensive income after taxes
VII.	Total comprehensive income			1,158,297.48	437,051.69
	Total comprehensive income attributable
	to owners of the Parent Company			1,158,297.48	437,051.69
VIII.	Earnings per share:
	(I) Basic earnings per share_(RMB/share)_			0.0022	0.0008
	(II) Diluted earnings per share	(RMB/share)		0.0022	0.0008
				Person in	charge of
Legal representative:		Chief accountant:		accounting department:
	Zhang Chong		Ma Yan	Chen Jing

– 13 –

Income Statement of the Company January to March 2017

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type of audit: unaudited

			Corresponding
	Reporting period		period last year
		(January to	(January to
Item		March 2017)	March 2016)
I. Operating revenue		33,313,480.41	40,972,591.34
Less: Operating costs		33,255,965.48	40,296,862.59
Business taxes and surcharges		27,780.77	4,669.85
Selling expenses		94,330.23	194,388.94
Administration expenses		4,233,106.69	4,210,703.89
Finance expenses		3,700,752.70	-295,435.63
In vestment income
(losses are represented by “-”)		2,721,375.00	2,751,612.50
II. Operating profit (loss is represented	by “-”)	-5,277,080.46	-686,985.80
Add: Non-operating income		1,036,395.35	15,836.27
Including: Gain from disposal of
non-current assets			95.03
Less: Non-operating expenses		200,506.12
III. Total profit (total loss is represented	by “-”)	-4,441,191.23	-671,149.53
Less: Income tax expenses			50,465.51
IV. Net profit (net loss is represented by	“-”)	-4,441,191.23	-721,615.04
V. Net other comprehensive income after taxes
VI. Total comprehensive income		-4,441,191.23	-721,615.04
VII. Earnings per share:
(I) Basic earnings per share_(RMB/share)_
(II) Diluted earnings per share_(RMB/share)_
		Person in	charge of
Legal representative: Chief accountant:		accounting department:
Zhang Chong	Ma Yan	Chen Jing

– 14 –

Consolidated Cash Flow Statement January to March 2017

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type of audit: unaudited

Item Reporting period (January to March 2017) I. Cash flows from operating activities: Cash received from sale of goods or rendering of services 24,963,866.18 Other cash received from activities related to operation 2,982,582.53 Sub-total of cash inflow from operating activities 27,946,448.71 Cash paid for goods purchased and services rendered 15,443,021.75 Cash paid to and on behalf of employees 20,222,559.51 Tax payments 13,913,250.55 Other cash paid for activities related to operation 7,673,689.70 Sub-total of cash outflow from operating activities 57,252,521.51 Net cash flow from operating activities -29,306,072.80 II. Cash flow from investment activities: Other cash received from activities related to investment 23,783,372.88 Sub-total of cash inflow from investment activities 23,783,372.88 Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets 564,045.00 Cash paid for investment Sub-total of cash outflow from investment activities 564,045.00 Net cash flow from investment activities 23,219,327.88

Corresponding period last year (January to March 2016) 21,000,378.66 3,945,717.06 24,946,095.72 39,575,715.63 22,227,740.76 10,537,715.26 12,492,423.91 84,833,595.56 -59,887,499.84 82,254.20 90,729,715.31 90,811,969.51 -90,811,969.51

– 15 –

			Corresponding
	Reporting period		period last year
		(January to	(January to
Item		March 2017)	March 2016)
III. Cash flow from financing activities:
Cash received from investments			209,624,984.30
Proceeds from loans		235,904,000.00
Other cash received from
financing-related activities		216,421,616.20
Sub-total of cash inflow from
financing activities		452,325,616.20	209,624,984.30
Cash paid for repayment of loans		287,215,718.68	30,116,909.31
Cash paid for dividends, profit,
or interest payments		3,751,758.53	2,335,718.16
Other cash paid for financing-related
activities		226,600,000.00	31,200,000.00
Sub-total of cash outflow from
financing activities		517,567,477.21	63,652,627.47
Net cash flow from financing activities		-65,241,861.01	145,972,356.83
IV. Effects of changes in exchange rate
on cash and cash equivalents		-49.82	-33.94
V. Net increase in cash and
cash equivalents		-71,328,655.75	-4,727,146.46
Add: Opening balance of cash
and cash equivalents		112,528,516.53	42,342,860.91
VI. Closing balance of cash
and cash equivalents		41,199,860.78	37,615,714.45
		Person in charge of
Legal representative: Chief accountant: accounting department:
Zhang Chong	Ma Yan	Chen Jing

– 16 –

Cash Flow Statement of the Company January to March 2017

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type of audit: unaudited

Item Reporting period (January to March 2017) I. Cash flows from operating activities: Cash received from sale of goods or rendering of services 16,410,823.92 Tax refunds received Other cash received from activities related to operation 27,446,323.19 Sub-total of cash inflow from operating activities 43,857,147.11 Cash paid for goods purchased and services rendered 86,900.00 Cash paid to and on behalf of employees 4,602,692.60 Tax payments 3,835,366.26 Other cash paid for activities related to operation 69,741,649.69 Sub-total of cash outflow from operating activities 78,266,608.55 Net cash flow from operating activities -34,409,461.44

Corresponding period last year (January to March 2016) 15,474,060.53 96,868,896.30 112,342,956.83 18,052,824.96 5,641,297.59 340,374.49 149,020,043.75 173,054,540.79 -60,711,583.96

– 17 –

Item Reporting period (January to March 2017) II. Cash flow from investment activities: Other cash received from activities related to investment 23,783,372.88 Sub-total of cash inflow from investment activities 23,783,372.88 Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets 561,545.00 Cash paid for investment Sub-total of cash outflow from investment activities 561,545.00 Net cash flow from investment activities 23,221,827.88 III. Cash flow from financing activities: Cash received from investments Proceeds from loans 235,904,000.00 Other cash received from financing- related activities 331,301,260.71 Sub-total of cash inflow from financing activities 567,205,260.71 Cash paid for repayment of loans 259,052,533.59 Cash paid for dividends, profit, or interest payments 2,134,346.60 Other cash paid for financing-related activities 333,480,000.00 Sub-total of cash outflow from financing activities 594,666,880.19 Net cash flow from financing activities -27,461,619.48 IV. Effects of changes in exchange rate on cash and cash equivalents -49.82

Corresponding period last year (January to March 2016) 90,729,715.31 90,729,715.31 -90,729,715.31 209,624,984.30 209,624,984.30 10,913,453.55 17,046.53 47,200,000.00 58,130,500.08 151,494,484.22 -33.94

– 18 –

					Corresponding
		Reporting period		period last year
			(January to		(January to
Item			March 2017)		March 2016)
V.	Net increase in cash and	cash
	equivalents	-38,649,302.86			53,151.01
	Add: Op ening balance of	cash and
	cash equivalents	64,837,249.29			422,236.77
VI.	Closing balance of cash and cash
	equivalents	26,187,946.43			475,387.78
			Person	in charge of
Legal representative:		Chief accountant:	accounting		department:
	Zhang Chong	Ma Yan	Chen Jing

4.2 Audit Report

Not Applicable

Company name: LUOYANG GLASS COMPANY LIMITED Legal representative: Zhang Chong* Date: 28 April 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; three non-executive Directors: Mr. Zhang Chengong, Mr. Xie Jun and Mr. Tang Liwei; and four independent non-executive Directors: Mr. Jin Zhanping, Mr. Liu Tianni, Mr. Ye Shuhua and Mr. He Baofeng.

* For identification purposes only

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