RoboSense Technology Co., Ltd — Interim / Quarterly Report 2021

Oct 29, 2021

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.

＊

THIRD QUARTERLY REPORT 2021

IMPORTANT NOTICE:

The board of directors (the “ Board ”), the supervisory committee, 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 representation or misleading statements or material omissions, and severally and jointly accept legal responsibility in respect thereof.

Zhang Chong, the Chairman of the Company, Ma Yan, the Chief Financial Controller of the Company, and Chen Jing, the person in charge of accounting department (accounting officer) of the Company, warrant that the financial statements contained in this quarterly report are true, accurate and complete.

Whether the financial statements for the third quarter have been audited

Yes ✓ No

– 1 –

I. MAJOR FINANCIAL INFORMATION

(I) Key accounting information and financial indicators

Unit: yuan Currency: RMB

				Increase/
				decrease over
				the same				Increase/decrease
				period of the	For the period			over the same
		For the same	period	previous year	from the beginning	For the same period		period of the
		of the previous year		(%)	of the year to the	of the previous year		previous year (%)
	For the			After	end of the
Item	Reporting Period	Before adjustment	After adjustment	adjustment	Reporting Period	Before adjustment	After adjustment	After adjustment
Operating revenue	866,212,412.81	736,522,474.98	889,208,256.50	-2.59	2,808,347,720.76	1,694,256,833.63	1,846,942,615.15	52.05
Net profit attributable to
shareholders of the
Company	81,710,868.03	65,866,697.69	74,346,772.27	9.91	326,954,085.34	82,011,399.12	90,491,473.70	261.31
Net profit attributable to
shareholders of the
Company after non-
recurring gain or loss	56,375,984.68	63,573,367.44	63,573,367.44	-11.32	260,944,831.77	70,657,564.19	70,657,564.19	269.31
Net cash flows from
operating activities	N/A	N/A	N/A	N/A	276,958,176.87	-49,909,511.23	-173,322,219.30	N/A
Basic earnings per share
(RMB/share)	0.1407	0.1193	0.1346	4.53	0.5845	0.1485	0.1638	256.84
Diluted earnings per share
(RMB/share)	0.1407	0.1193	0.1346	4.53	0.5845	0.1485	0.1638	256.84
				Down by 2.54				Up by 8.56
Weighted average return on				percentage				percentage
net assets (%)	2.96	4.89	5.50	points	15.29	6.12	6.73	points

– 2 –

				Increase/decrease
				at the end of the
				Reporting Period
				over the end of the
	At the end of the	At the end of the	previous year	previous year (%)
	Reporting Period	Before adjustment	After adjustment	After adjustment
Total assets	9,784,867,866.89	5,604,575,811.17	6,525,929,440.38	49.94
Owner’s equity
attributable to
shareholders of the
Company	3,903,746,585.16	1,626,578,221.81	1,775,414,779.81	119.88

Note: The “Reporting Period” refers to the three months from 1 June 2021 to 30 September 2021.

Explanation on reasons for retrospective adjustments and restatement

During the Reporting Period, the Company acquired equity interest in Qinhuangdao North Glass Co., Ltd. (“ North Glass ”) with relevant changes of industrial and commercial registration of North Glass completed on 4 August 2021, thus North Glass became a majority-owned subsidiary of the Company and was included in the scope of consolidation of the Company for the Reporting Period. As North Glass had been included in the scope of consolidation of China National Building Materials Group Corporation, the de facto controller of the Company, since 1 July 2017, North Glass was accounted for in the consolidated financial statements of the Company as a business combination under common control, with retrospective adjustments made to the comparative statements from 1 July 2020. The relevant financial figures at the beginning of the Reporting Period and for the same period of the previous year set out below are presented by the adjusted ones.

– 3 –

(II) Non-recurring Items and Amounts

Unit: yuan Currency: RMB

Item Gain or loss on disposal of non-current assets (including the written-off portion of the provision for assets impairment) Government grants credited to current profit or loss (except for those which are closely related to the Company’s ordinary business, and continuously received in certain standard amounts and quantities in accordance with national policies) Gain on investments in subsidiaries, associates and joint ventures for which the investment cost was less than the fair value of identifiable net assets of the investees at the time of acquisition Gain or loss from debt restructuring Net gain or loss of subsidiary resulting from business combination under common control from the beginning of the period to the consolidation date Reversal of provision made for impairment of receivables subject to individual impairment test Custody fee income from entrusted operations Other non-operating income and expenses other than aforesaid items Other gain or loss items within the meaning of non- recurring gain or loss Less: Effect of income tax Effect of minority interests (after tax) Total

Amount for the Reporting Period Amount for the period from the beginning of the year to the end of the Reporting Period Explanation -45,797.60 -193,625.26 8,666,393.99 25,644,180.74 4,530,231.38 4,530,231.38 24,051.45 25,376.19 23,911,544.81 71,103,489.62 120,000.00 471,698.15 1,295,597.57 -60,000.00 -554,580.09 400.00 34,755.57 1,654,129.21 6,533,103.97 10,509,509.62 29,463,068.18 25,334,883.35 66,009,253.57

Note: Other gain or loss items within the meaning of non-recurring gain or loss mainly represent the refunds of individual income tax handling fees

Explanation on defining any non-recurring items listed under the Explanatory Announcement No. 1 on Information Disclosure by Companies Offering Securities to the Public – Non-recurring Gains or Losses as recurring items

==> picture [213 x 21] intentionally omitted <==

– 4 –

(III) Change in key accounting figures and financial indicator and the reasons thereof

reasons thereof
✓ Applicable		Not applicable
Item		Change	Main reason
		(%)
Operating revenue		52.05	Mainly due to the year-on-year increase
			in revenue as a result of scaling up of
			business operations of the Company
Net profit attributable to		261.31	Mainly due to the year-on-year increase in net
shareholders of the Company			profit as a result of scaling up of business
			operations of the Company
Net profit attributable to		269.31	Mainly due to the year-on-year increase in net
shareholders of the Company			profit as a result of scaling up of business
after non-recurring gain or loss			operations of the Company
Net cash flows from operating		N/A	Mainly due to the year-on-year increase in
activities			receivables on sales collected
Basic earnings per share		256.84	Mainly due to the year-on-year increase in net
(RMB/share)			profit attributable to shareholders of the
			Company
Diluted earnings per share		256.84	Mainly due to the year-on-year increase in net
(RMB/share)			profit attributable to shareholders of the
			Company
Weighted average return on net		Up by 8.56	Mainly due to the year-on-year increase in net
assets (%)		percentage points	profit attributable to shareholders of the
			Company
Total assets		49.94	Mainly due to the further business expansion
			of the Company as a result of the proceeds
			raised from the non-public issuance of
			shares
Net assets attributable to		119.88	Mainly due to (i) the increase in equity
shareholders of the Company			attributable to shareholders of the
			Company as a result of non-public issuance
			of shares and (ii) the increase in net
			profit attributable to shareholders of the
			Company

Note: The change in indicators for profit and loss in the table above refers to the change for the period from the beginning of the year to the end of the Reporting Period as compared with the same period last year, and the change in indicators for assets refers to the change as at the end of the Reporting Period over the end of last year.

– 5 –

II. INFORMATION ON SHAREHOLDERS

• (I) Total number of holder of ordinary shares, number of holders of preference shares with voting rights restored and shareholdings of the top ten shareholders

Unit: shares

Total number of holders of 38,058 Total number of holders of ordinary shares as at the end of preference shares with voting the Reporting Period rights restored as at the end of the Reporting Period (if any)

Shareholdings of top 10 shareholders

				Number
				of shares
				held subject	Pledged, tagged or frozen
	Nature of	Number of	Shareholding	to trading	Status of
Name of shareholders	shareholder	shares held	percentage	moratorium	shares	Number
			(%)
HKSCC Nominees Limited	Foreign legal	249,018,699	38.57		Unknown
	person
China Luoyang Float Glass	State-owned legal	111,195,912	17.22	6,177,670	Pledged	55,597,956
(Group) Company Limited	person
(CNBM) Bengbu Design &	State-owned legal	70,290,049	10.89	1,290,049	Nil
Research Institute for Glass	person
Industry Co., Ltd.
Hongtu Equity Investment	Domestic non-	38,853,812	6.02	38,853,812	Nil
Management (Shenzhen) Co.,	state-owned
Ltd of Shenzhen Capital Group	legal person
Co., Ltd.– New Materials Fund
of Shenzhen Capital Group for
Transformation and Upgrading
for Manufacturing Sector (深
創投紅土股權投資管理
（深圳）有限公司－深創投
製造業轉型升級新材料
基金)
Triumph Science & Technology	State-owned
Co., Ltd.	legal person	19,400,423	3.00	19,400,423	Nil

– 6 –

Shareholdings of top 10 shareholders

				Number
				of shares
				held subject	Pledged, tagged	or frozen
	Nature of	Number of	Shareholding	to trading	Status of
Name of shareholders	shareholder	shares held	percentage	moratorium	shares	Number
			(%)
Guogai Shuangbai Development	Domestic non-	7,285,089	1.13	7,285,089	Nil
Fund Management Co., Ltd.	state-owned
－Kegai Ceyuan (Chongqing)	legal person
Private Equity Investment
Fund Partnership (國改雙百
發展基金管理有限公司－
科改策源（重慶）私募股
權投資基金合夥企業)
Jinan Jiangshan Investment	Domestic non-	6,313,744	0.98	6,313,744	Nil
Partnership	state-owned
	legal person
Hong Kong Securities Clearing	Foreign legal	5,940,378	0.92		Nil
Company Limited	person
China Galaxy Securities Co., Ltd.	State-owned legal	5,730,937	0.89	5,730,937	Nil
	person
Luoyang Venture Investment	Domestic non-	4,856,726	0.75	4,856,726	Nil
Co., Ltd.- High Quality	state-owned
Development Fund for	legal person
Manufacturing Sector in
Luoyang (洛陽創業投資有
限公司－洛陽製造業高
品質發展基金)

– 7 –

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

	Number of circulating	Number of circulating
	shares held not subject		Class and number of shares
Name of shareholders	to trading moratorium		Class of shares	Number
HKSCC NOMINEES LIMITED		249,018,699	Overseas listed foreign shares	249,018,699
China Luoyang Float Glass (Group) Company
Limited		105,018,242	Ordinary shares denominated in RMB	105,018,242
(CNBM) Bengbu Design & Research Institute for
Glass Industry Co., Ltd.		69,000,000	Ordinary shares denominated in RMB	69,000,000
Hong Kong Securities Clearing Company Limited		5,940,378	Ordinary shares denominated in RMB	5,940,378
Bosera Funds- Guoxin Investment Co., Ltd –
Bosera Funds – Guoxin No. 6 (QDII) Single
Assets Management Scheme (博時基金－國
新投資有限公司－博時基金－國新6號
(QDII)單一資產管理計畫)		2,761,018	Ordinary shares denominated in RMB	2,761,018
China Construction Bank Corporation – Guangfa
Scientific Innovation Mixed Securities
Investment Funds (中國建設銀行股份有
限公司－廣發科技創新混合型證券投
資基金)		2,233,300	Ordinary shares denominated in RMB	2,233,300
Ping’an Anying Share-based Pension Products –
Bank of China Limited (平安安贏股票型養
老金產品－中國銀行股份有限公司)		1,873,100	Ordinary shares denominated in RMB	1,873,100
Robeco Fund Management Co., Ltd – Robeco
Capital Growth Fund (荷寶基金管理公司－
荷寶資本成長基金)		1,552,000	Ordinary shares denominated in RMB	1,552,000
Yixing Environmental Technology Innovation
Venture Investment Co., Ltd.		1,542,674	Ordinary shares denominated in RMB	1,542,674
Wang Aijun (王愛軍)		1,530,400	Ordinary shares denominated in RMB	1,530,400
Explanation on connected relationship or	Among the top 10 shareholders of the Company, China Luoyang Float Gla
parties acting in concert among the	(Group) Company Limited, (CNBM) Bengbu Design & Research Institute f
aforesaid shareholders	Glass Industry Co., Ltd. and Triumph Science & Technology Co.,			Ltd. are relate

Among the top 10 shareholders of the Company, China Luoyang Float Glass (Group) Company Limited, (CNBM) Bengbu Design & Research Institute for Glass Industry Co., Ltd. and Triumph Science & Technology Co., Ltd. are related parties or parties acting in concert as defined under the 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 ). The Company is not aware of any parties acting in concert or any related relationship among other holders of circulating shares.

Description of involvement in securities margin Nil financing, short selling and refinancing (if any) by top 10 shareholders and top

10 holders of shares not subject to trading moratorium

– 8 –

III. OTHER REMINDERS

Other important information about the Company’s operations during the Reporting Period that should be brought to the attention of investors

Applicable ✓ Not applicable

IV. QUARTERLY FINANCIAL STATEMENTS

• (I) Type of audit opinion

Applicable ✓ Not applicable

– 9 –

(II) Financial statements

Consolidated Balance Sheet

30 September 2021

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type of audit: unaudited

30 September 31 December Item 2021 2020 Current assets: Bank balances and cash 2,023,891,616.50 338,338,105.37 Bills receivables 322,080,981.21 102,441,393.68 Accounts receivable 549,983,579.61 641,954,362.17 Receivables financing 327,519,345.69 448,697,313.21 Prepayments 221,018,735.02 158,034,372.78 Other receivables 30,104,215.50 553,839,445.64 Inventories 455,812,060.54 307,898,221.12 Other current assets 115,012,696.07 60,748,621.82 Total current assets 4,045,423,230.14 2,611,951,835.79 Non-current assets: Long-term receivables 55,000,000.00 55,000,000.00 Fixed assets 3,828,319,916.38 3,245,484,257.44 Construction in progress 841,663,441.60 83,910,682.05 Right-of-use assets 10,329,503.50 12,259,657.09 Intangible assets 638,065,498.07 453,958,149.23 Development expenditures 24,118,154.55 14,096,615.36 Long-term deferred expenses 4,030,340.55 5,278,764.89 Deferred income tax assets 11,756,864.81 10,466,272.12 Other non-current assets 326,160,917.29 33,523,206.41 Total non-current assets 5,739,444,636.75 3,913,977,604.59 Total assets 9,784,867,866.89 6,525,929,440.38

– 10 –

	30 September	31 December
Item	2021	2020
Current liabilities:
Short-term borrowings	1,615,990,626.53	1,278,414,071.56
Bills payable	682,129,647.68	508,983,722.37
Accounts payable	890,059,322.08	473,725,797.02
Contract liabilities	44,464,079.65	62,264,246.24
Employee compensation payable	32,243,966.77	44,039,082.77
Taxes payable	35,361,650.38	116,499,806.65
Other payables	662,552,139.22	819,015,029.43
Non-current liabilities due within one
year	259,609,038.20	232,596,939.38
Other current liabilities	56,109,437.01	4,888,222.00
Total current liabilities	4,278,519,907.52	3,540,426,917.42
Non-current liabilities:
Long-term borrowings	946,346,759.99	669,730,047.96
Lease liabilities	8,108,038.81	9,238,598.97
Long term payables		86,000,000.00
Deferred income	128,422,382.56	125,129,638.70
Deferred income tax liabilities	18,633,817.92	15,448,548.99
Total non-current liabilities	1,101,510,999.28	905,546,834.62
Total Liabilities	5,380,030,906.80	4,445,973,752.04

– 11 –

		30	September		31 December
Item			2021		2020
Owners’ equity (or shareholders’
equity):
Paid-in capital (or share capital)		645,674,963.00			548,540,432.00
Capital reserve	3,787,428,456.63				2,083,185,267.62
Surplus reserve		51,365,509.04			51,365,509.04
Undistributed profit	-580,722,343.51				-907,676,428.85
Total owners’ equity (or shareholders’
equity) attributable to owners of the
Company	3,903,746,585.16				1,775,414,779.81
Minority interests		501,090,374.93			304,540,908.53
Total owners’ equity (or shareholders’
equity)	4,404,836,960.09				2,079,955,688.34
Total liabilities and owners’	equity
(or shareholders’ equity)	9,784,867,866.89				6,525,929,440.38
Chairman of the	Chief financial		Person-in-charge of
Company:	controller:		accounting department:
Zhang Chong	Ma Yan		Chen Jing

– 12 –

Consolidated Income Statement

January – September 2021

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type of audit: unaudited

		First three quarters	First three quarters
		of 2021	of 2020
		(January –	(January –
Item		September)	September)
I. Total operating revenue		2,808,347,720.76	1,846,942,615.15
Including: Operating revenue		2,808,347,720.76	1,846,942,615.15
II. Total operating costs		2,385,098,528.90	1,697,555,159.32
Including: Operating costs		2,008,046,102.68	1,378,248,930.84
	Taxes and surcharges	31,735,236.26	21,649,679.27
	Selling expenses	14,625,332.56	62,011,159.81
	Administrative expenses	108,608,424.03	80,389,285.76
	Research and development expenses	125,342,955.20	64,273,451.29
	Financial expenses	96,740,478.17	90,982,652.35
Including: Interest expenses		97,433,812.26	86,163,383.05
	Interest income	5,071,062.64	5,047,967.54
Add:	Other income	28,255,203.77	14,596,877.82
	Investment income (loss is represented by “-”)	-10,810,880.45	-7,319,553.11
	Credit impairment losses (loss is represented
	by “-”)	470,642.22	1,528,512.20
	Impairment losses on assets (loss is
	represented by “-”)		-7,600,000.00
	Gain on disposal of assets (loss is represented
	by “-”)	-167,942.60	-201,245.14
III. Operating profit (loss is represented by “-”)		440,996,214.80	150,392,047.60
Add:	Non-operating income	4,912,990.39	1,879,418.51
Less:	Non-operating expense	609,680.00	429,698.60

– 13 –

		First three quarters	First three quarters
		of 2021	of 2020
		(January –	(January –
Item		September)	September)
IV. Total profit (total loss is represented by “-”)		445,299,525.19	151,841,767.51
Less: Income tax expenses		48,013,481.80	27,000,370.28
V. Net	profit (net loss is represented by “-”)	397,286,043.39	124,841,397.23
(I)	Classified by continuity of operations
	1. Ne t profit from continuing operations (Net
	loss is represented by “-”)	397,286,043.39	124,841,397.23
(II)	Classified by ownership
	1. Ne t profit attributable to the shareholders
	of the Company (Net loss is represented
	by “-”)	326,954,085.34	90,491,473.70
	2. Mi nority interests (Net loss is represented
	by “-”)	70,331,958.05	34,349,923.53
VI. Other comprehensive income, net of tax
VII. Total comprehensive income
(I)	To tal comprehensive income attributable to
	owners of the Company	326,954,085.34	90,491,473.70
(II)	To tal comprehensive income attributable to
	minority interests	70,331,958.05	34,349,923.53
VIII. Earnings per share:
(I)	Basic earnings per share (RMB/share)	0.5845	0.1638
(II)	Diluted earnings per share (RMB/share)	0.5845	0.1638

For the business combination under common control during the Reporting Period, the net profit recorded by the merged party before the combination was RMB71,103,489.62, and the net profit recorded by the merged party in the previous period was RMB14,133,457.63.

Chairman of the Chief financial Person-in-charge of Company: controller: accounting department: Zhang Chong Ma Yan Chen Jing

– 14 –

Consolidated Cash Flow Statement

January – September 2021

Prepared by: Luoyang Glass Company Limited*

Unit: yuan Currency: RMB Type of audit: unaudited

Item I. Cash flows 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 inflows from operating activities Cash paid for goods purchased and services received Cash paid to and for employees Tax payments Other cash paid for activities related to operation Sub-total of cash outflows from operating activities Net cash flows from operating activities	First three quarters of 2021 (January – September) 2,099,323,900.82 15,437,306.88 56,638,946.45 2,171,400,154.15 1,178,396,920.05 246,248,089.08 225,910,124.04 243,886,844.11 1,894,441,977.28 276,958,176.87	First three quarters of 2020 (January – September) 1,172,678,820.78 4,770,358.60 162,926,688.94 1,340,375,868.32 823,198,700.20 172,575,380.33 101,605,883.40 416,318,123.69 1,513,698,087.62 -173,322,219.30

– 15 –

Item II. Cash flows from investment activities: Other cash received from activities related to investment Sub-total of cash inflows from investment activities Cash paid for purchase and construction of fixed assets, intangible assets and other long- term assets Other cash paid for activities related to investment Sub-total of cash outflows from investment activities Net cash flows from investment activities III. Cash flows from financing activities: Cash received from investments Proceeds from loans Other cash received from financing-related activities Sub-total of cash inflows from financing activities	First three quarters of 2021 (January – September) 6,176,839.68 6,176,839.68 1,059,735,044.55 1,059,735,044.55 -1,053,558,204.87 1,983,999,993.34 2,024,430,000.00 888,415,919.34 4,896,845,912.68	First three quarters of 2020 (January – September) 127,975,116.39 127,975,116.39 -127,975,116.39 1,603,058,883.00 529,085,507.20 2,132,144,390.20

– 16 –

		First three		First three
		quarters		quarters
		of 2021		of 2020
		(January –		(January –
Item		September)		September)
Cash paid for repayment of loans	1,468,530,931.12			1,512,878,827.53
Cash paid for dividends, profit, or interest
payments		126,596,232.17		104,155,981.68
Including: Dividend and profit paid by
subsidiaries to minority shareholders		40,189,514.01		9,685,787.11
Other cash paid for financing-related
activities		860,601,439.39		273,744,322.69
Sub-total of cash outflows from financing
activities	2,455,728,602.68			1,890,779,131.90
Net cash flows from financing activities	2,441,117,310.00			241,365,258.30
IV. Effects of changes in exchange rate on cash
and cash equivalents		-289,479.74		-2,853,575.95
V. Net increase in cash and cash equivalents	1,664,227,802.26			-62,785,653.34
Add: Opening balance of cash and cash
equivalents		151,936,892.29		157,923,657.61
VI. Closing balance of cash and cash equivalents	1,816,164,694.55			95,138,004.27
Chairman of the Chief financial		Person-in-charge of
Company: controller:		accounting department:
Zhang Chong Ma Yan		Chen Jing

– 17 –

• (III) Adjustments to relevant items in the financial statements at the beginning of the year as a result of initial application of the new lease accounting standard from 2021

Applicable ✓ Not applicable

Company name Luoyang Glass Company Limited Legal representative Zhang Chong* Date 29 October 2021

As at the date of this announcement, the Board comprises five executive directors: Mr. Zhang Chong, Mr. Xie Jun, Mr. Ma Yan, Mr. Wang Guoqiang and Mr. Zhang Rong; two non-executive directors: Mr. Ren Hongcan and Mr. Chen Yong; and four independent non-executive directors: Mr. Jin Zhanping, Mr. Ye Shuhua, Mr. He Baofeng and Ms. Zhang Yajuan.

• For identification purposes only

– 18 –