Dalian Refrigeration Co., Ltd.
QUARTERLY REPORT FOR THIRD QUARTER, 2019
October, 2019
§1 Important Notes
1.1 The directors and the Board of Directors, the supervisors and the Supervisory Board, and Senior staff members of Dalian Refrigeration Co., Ltd. (hereinafter referred to as the Company) hereby confirm that there are no any important omissions, fictitious statements or serious misleading carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completeness of the whole contents.
1.2 TheCompany’s quarterly financial report has not been audited.
1.3 Chairman of the Board of Directors of the Company Mr. Ji Zhijian, Financial Majordomo Mr. Ma Yun and the head of Accounting Department Ms. Mao Chunhua hereby confirm that the financial report of the quarterly report is true and complete.
1.4 This report is written respectively in Chinese and in English. In the event of any discrepancy between the two above-mentioned versions, the Chinese version shall prevail.
§2 Major accounting data and changes of shareholders
2.1 Major accounting data and financial indexes
Is there any traceable adjustment to the financial statements for the previous report period?
□ Yes√ No
||||||
|-|-|-|-|-|
|||||Increase/decrease|
||2019.9.30|2018.12.31|||
|||||over 2018.12.31|
||5,675,197,752.91|5,568,279,452.26|||
|Total assets||||1.92%|
|Shareholder’s equity attributable to|3,415,027,201.23|3,377,633,617.02|||
|||||1.11%|
|parent company|||||
|||Increase/decrease||Increase/decrease over|
||2019.7-9||2019.1-9||
|||over 2018.7-9||2018.1-9|
|Total operating income|377,309,476.31|-21.76%|1,453,038,716.88|-3.86%|
|Net profit attributable to parent|-4,027,361.74||104,346,557.56||
|||-127.93%||42.09%|
|company|||||
|Net profit attributable to parent|||||
|company after deducting|4,567,091.45|-65.25%|39,829,270.42|-43.37%|
|non-recurring gains/losses|||||
|Net cash generated from operating|||-80,750,223.29||
||--|--||44.11%|
|activities|||||
|Basic earnings per share|-0.004|-123.53%|0.123|43.02%|
|Diluted earnings per share|-0.004|-123.53%|0.123|43.02%|
|Weighted average return on net||Decrease 0.42||Increase 0.93|
||-0.10%||3.06%||
|asset yield||percentage points||percentage points|

 (1).Net profit attributable to parent company from the beginning of the year to the end of the report increased significantly on a y-o-y basis, mainly due to jThe Gain from change in fair value of Guotai Junan has been recorded into the current profit and loss, which is about 30.05 million yuan;kDuring January to September 2019, the Company's exchangeable corporate bondholders exchanged a total of 8.3889 million shares, increasing the current investment income by about 40.57 million yuan. All profit above has been recorded into the non-recurring gains and losses.
(2). Net profit attributable to parent company of the reporting period decreased significantly over 2018.7-9, mainly due to the decrease in the company's operating income during the reporting period, and the fact that the fair value of guotai junan, decreased by about 10.42 million yuan compared with the end of June 2019 and was included into the current profit and loss.
Non-recurring profits and losses and their amounts
|||
|-|-|
||Amount from beginning of year to|
|Item of non-recurring gains and losses||
||the end of report period|
|Profit and loss from disposal of non-current assets|1,227,672.74|
|Government subsidies which were included in the current profits and losses|2,065,938.84|
|Debt restructuring gains and losses|1,999,241.94|
|Income from changes in fair value during the period of holding financial assets||
||70,613,081.68|
|available for sale and income from disposal of financial assets available for sale||
|Other non-operating incomes and expenses except the above mentioned|162,063.15|
|Income tax effects|11,479,421.77|
|Minority equity interests effects (after tax)|71,289.44|
|Total|64,517,287.14|

2.2 Total number and particulars of the shareholders by the end of the report period
||||||||
|-|-|-|-|-|-|-|
|Total shareholders at the end of report period|54,795||||||
|Shareholding of top ten shareholders|||||||
||||||Number of|Number of|
||||||shares with|pledged|
|Name|Nature||Proportion|Total number|||
||||||sale|shares or|
||||||restriction|shares frozen|
|Dalian Bingshan Group Co., Ltd.|Domestic non-state-ownedlegal person||20.27%|170,916,934|0||
|SANYO ELECTRIC CO LTD|Overseas legal person||8.72%|73,503,150|0||
|Lin Zhenming|Foreign natural person||0.76%|6,400,000|0||
|Wu An|Domestic natural person||0.53%|4,500,000|0||
|Sun Huiming|Domestic natural person||0.52%|4,384,079|0||
|Dalian industrial development investment Co., Ltd.|Domestic non-state-ownedlegal person||0.40%|3,406,725|0||
|BOCI SECURITIES LIMITED|Overseas legal person||0.36%|3,041,582|0||
|Zhang Sufen|Domestic natural person||0.36%|3,020,000|0||
|Xue Hong|Domestic natural person||0.35%|2,940,000|0||
|Li Xiaohua|Domestic natural person||0.32%|2,725,908|0||
|Particulars about shares held by the top ten negotiable shareholders not subject to conditional sales|||||||
|Name of shareholder||EORP (shares)||||Type|
|Dalian Bingshan Group Co., Ltd.||170,916,934||||A|
|SANYO ELECTRIC CO LTD||73,503,150||||B|
|Lin Zhenming||6,400,000||||B|
|Wu An||4,500,000||||B|
|Sun Huiming||4,384,079||||B|
|Dalian industrial development investment Co., Ltd.||3,406,725||||A|
|BOCI SECURITIES LIMITED||3,041,582||||B|
|Zhang Sufen||3,020,000||||A|
|Xue Hong||2,940,000||||B|
|Li Xiaohua||2,725,908||||A|
|||Dalian Bingshan Group Co., Ltd. had the association relationship with|||||
|Notes to the associated relationship and uniform actions of the|||||||
|||Sanyo Electric Co., Ltd. among the above shareholders. Sanyo Electric|||||
|above shareholders|||||||
|||Co., Ltd. holds 26.6% of Dalian Bingshan Group Co., Ltd.'s equity.|||||

 Did the Company's shareholders conduct the agreed repurchase transactions in the reporting period?
□ Yes√ No
Information on the total number of preferred shareholders and the shares held by top ten preferred shareholders as of the end of the reporting period
□ Yes√ No
§3 Important Matters
3.1 Major changes in main financial items and indexes, and description of the cause
√ Applicable□ Inapplicable
1、Dividend receivable has increased significantly over that of year-beginning, mainly because an increase in unmatured dividends receivable of Panasonic Compressor.
2、Construction in progress has increased significantly over that of year-beginning, mainly because the Company's new factory intelligent manufacturing project and R22 reduction project investment.
3、Short-term loans has increased significantly over that of year-beginning, mainly because the Company's daily operating capital requirements increased.
4、Wages payable has decreased significantly over that of year-beginning, mainly because accrual year-end bonus for year of 2018 has paid in first quarter of 2019.
5、Other accounts payable has decreased significantly over that of year-beginning, mainly because the Company terminates the implementation of the 2016 restricted stock incentive plan.
6、Bonds payable has decreased significantly over that of year-beginning, mainly because the Company's exchangeable corporate bondholders exchanged shares concentrated during January to September 2019.
7、The long term accounts payable has increased significantly over that of year-beginning, mainly because the
Wuxin Refrigeration, a subsidiary of the Company, signed a commercial factoring contract.
8、Other comprehensive income has decreased significantly over that of year-beginning,mainly because according
to the new financial instrument standards, the Company adjusted guotai junan stock market net profit and loss at the
beginning to undistributed profits.
9、Financial expenses have decreased significantly on a y-o-y basis, mainly because the interest on the current loan decreased.
10、Assets impairment loss has increased significantly on a y-o-y basis, mainly because the provision for bad debts increased.
11、Gain from investment has increased significantly on a y-o-y basis ,mainly because earnings of the Company's exchangeable corporate bondholders exchanged shares .
3.2 Analytic description of major matters, their influence and solutions
Applicable√ Inapplicable
3.3 Commitments of the Company or its shareholders holding5% or higher of the shares in the reporting period or carried to the reporting period
Applicable√ Inapplicable
3.4 Precautions on forecasting of 2019, the accumulated net profit may be turned into loss or change greatly compared with that in the same period of the last year, and description of the cause
Applicable√ Inapplicable
3.5 Securities investment
√Applicable□ Inapplicable
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||||Changes|||||||
||||||in the|||||||
|||||||Accumulative||||||
|||Initial|Accounting||profit and|||||||
|Stock|Stock|||Book value at||change of fair|Current sale|Report period|Book value in the|Accounting|Source|
|||investment|measurement||loss of the|||||||
|code|abbreviation|||the beginning||value credited to|amount|profit and loss|ending|subjects|of funds|
|||cost|model||fair value|||||||
|||||||equity||||||
||||||in this|||||||
||||||period|||||||
|||||||||||Other||
||Guotai||fair value||||||||Own|
|601211||15,710,008.00||369,195,071.40|0.00|30,045,390.28|150,999,966.00|34,365,642.50|276,024,840.56|Non-current||
||Jun’an||measurement||||||||funds|
|||||||||||financial asset||
|Other Securities||||||||||||
|||0.00|--|0.00|0.00|0.00|0.00|0.00|0.00|--|--|
|Investment||||||||||||
|total||15,710,008.00|--|369,195,071.40|0.00|30,045,390.28|150,999,966.00|34,365,642.50|276,024,840.56|--|--|

 The amount sold in the current period is the amount of the exchangeable bondholder's exchange shares during the reporting period.
3.6 Trust management
□ Applicable√ Inapplicable
3.7 Derivative investment
□ Applicable√ Not applicable
During the reporting period, the Company does not exist derivative investment.
3.8 Table of investigation, communication, interview received
□ Applicable√ Not applicable
3.9 Violation of guaranty
□ Applicable√ Not applicable
3.10 Non-operation capital occupation by holding shareholders and their related parties in the listed company□ Applicable√ Not applicable
§4 Financial Report (attached)
Not audited.
Note: The adjustment of financial statements
New Financial Instruments Standards, New Income Standards and New Leasing Standards for the First
Implementation Relevant to Financial Statements at the Beginning of the Year
√Applicable□Inapplicable
|||||
|-|-|-|-|
|Before adjustment||After adjustment||
|Consolidated Balance Sheet|31-Dec-2018 C|onsolidated Balance Sheet|1-Jan-2019|
|Finance asset held available for sales|382,186,729.99|Other non-current financial assets|382,186,729.99|
|Other comprehensive income|296,909,965.55|Other comprehensive income|2,501,459.77|
|Retained profit|764,859,288.45|Retained profit|1,059,267,794.23|
|Balance sheet of parent company|31-Dec-2018 B|alance sheet of parent company|1-Jan-2019|
|Finance asset held available for sales|380,771,587.49|Othe non-current financial assets|380,771,587.49|
|Other comprehensive income|295,947,864.88|Other comprehensive income|1,539,359.10|
|Retained profit|640,251,261.47|Retained profit|934,659,767.25|

According to the new financial instrument criteria, the original item of " Finance asset held available for sales " is adjusted to "other non-current financial assets"; Adjust the amount of other comprehensive income
-294,408,505.78 yuan, and adjust the amount of retained profit 294,408,505.78 yuan.
Board of Directors of Dalian Refrigeration Co., Ltd.
October 26, 2019
BALANCE SHEET
Prepared by Dalian Refrigeration Co., Ltd. September 30, 2019 Unit: RMB Yuan
||||||
|-|-|-|-|-|
||30-Sep-2019||31-Dec-2018||
|Items|Consolidation|Parent Company|Consolidation|Parent Company|
|Current assets:|||||
|Monetary funds|265,643,297.14|126,822,679.64|343,026,485.11|186,976,185.10|
|Transaction financial assets|||||
|Financial assets which are measured by fair value and|||||
|which changes are recorded in current profit and loss|||||
|Derivative financial assets|||||
|Notes receivable|156,539,516.62|58,226,433.10|171,292,044.56|63,673,648.65|
|Accounts receivable|1,230,802,354.83|562,384,019.63|1,107,546,588.30|418,715,646.60|
|Accounts in advance|203,314,901.97|68,894,184.28|158,405,300.50|69,577,538.44|
|Other receivables|76,413,301.34|41,060,230.81|48,508,755.15|14,003,269.34|
|Interest receivables|||318,886.12|318,886.12|
|Dividend receivable|35,745,000.00|35,745,000.00|33,450.00||
|Inventories|514,619,759.41|215,505,447.43|450,195,300.53|194,747,632.08|
|Assets held for sale|||||
|Non-current asset due within one year|||||
|Other current assets|13,779,915.16|2,037,630.29|18,266,589.12|8,056,055.09|
|Total current assets|2,461,113,046.47|1,074,930,625.18|2,297,241,063.27|955,749,975.30|
|Non-current assets:|||||
|Finance asset held available for sales|||382,186,729.99|380,771,587.49|
|Held-to-maturity investment|||||
|Long-term account receivable|||||
|Long-term equity investment|1,652,872,574.52|2,236,023,833.41|1,619,693,570.97|2,201,953,842.42|
|Other non-current financial assets|289,016,499.15|287,601,356.65|||
|Investment property|96,563,389.31|107,753,669.94|100,338,241.99|111,421,702.70|
|Fixed assets|940,726,048.76|721,431,086.81|953,298,058.11|725,516,578.53|
|Construction in progress|41,681,177.92|26,176,291.71|19,796,212.82|18,010,457.61|
|Productive biological asset|||||
|Oil and gas asset|||||
|Intangible assets|142,309,227.55|68,089,160.29|147,018,592.71|70,049,323.57|
|Expense on Research and Development|||||
|Goodwill|1,750,799.49||1,750,799.49||
|Long-term expenses to be apportioned|11,666,235.96|10,125,193.38|12,873,428.19|11,244,777.00|
|Deferred income tax asset|37,498,753.78|4,578,414.88|34,082,754.72|4,303,943.48|
|Other non-current asset|||||
|Total non-current asset|3,214,084,706.44|3,461,779,007.07|3,271,038,388.99|3,523,272,212.80|
|Total assets|5,675,197,752.91|4,536,709,632.25|5,568,279,452.26|4,479,022,188.10|
|Current liabilities:|||||
|Short-term loans|348,082,000.00|308,082,000.00|250,000,000.00|250,000,000.00|
|Financial liabilities which are measured by fair value and|||||
|which changes are recorded in current profit and loss|||||

||||||
|-|-|-|-|-|
|Derivative financial liabilities|||||
|Transaction financial liabilities|||||
|Notes payable|303,224,389.65|179,174,335.08|273,401,536.58|114,845,621.59|
|Accounts payable|973,926,188.87|335,474,778.83|859,489,558.61|297,954,195.20|
|Accounts received in advance|151,774,725.70|47,459,900.30|122,151,101.00|29,579,144.85|
|Wage payable|13,576,587.78|97,764.94|31,856,136.59|7,376,290.42|
|Taxes payable|14,924,403.36|10,763,523.31|13,608,212.32|3,399,150.12|
|Other accounts payable|36,661,533.03|7,048,958.80|63,313,958.43|30,439,931.10|
|Interest payable|54,166.71|54,166.71|1,369,527.78|1,369,527.78|
|Dividend payable|533,156.00|533,156.00|533,156.00|533,156.00|
|Liabilities held for sale|||||
|Non-current liabilities due within one year|729,063.43||2,999,574.93||
|Other current liabilities|||||
|Total current liabilities|1,842,898,891.82|888,101,261.26|1,616,820,078.46|733,594,333.28|
|Non-current liabilities:|||||
|Long-term loans|160,000,000.00|160,000,000.00|160,000,000.00|160,000,000.00|
|Bonds payable|25,000,034.00|25,000,034.00|176,000,000.00|176,000,000.00|
|Preferred stock|||||
|Perpetual bond|||||
|Long-term account payable|14,371,895.15||1,532,949.94||
|Long-term wage payable|||||
|Special payable|||||
|Anticipation liabilities|||||
|Deferred income|99,066,178.71|57,295,080.19|103,542,093.79|60,907,828.40|
|Deferred income tax liabilities|39,171,095.70|39,171,095.70|51,954,442.22|51,954,442.22|
|Other non-current liabilities|||||
|Total non-current liabilities|337,609,203.56|281,466,209.89|493,029,485.95|448,862,270.62|
|Total liabilities|2,180,508,095.38|1,169,567,471.15|2,109,849,564.41|1,182,456,603.90|
|Shareholders’ equity|||||
|Share capital|843,212,507.00|843,212,507.00|855,434,087.00|855,434,087.00|
|Other equity instruments|||||
|Preferred stock|||||
|Perpetual bond|||||
|Capital public reserve|726,768,468.00|771,270,562.83|760,365,342.00|804,867,436.83|
|Less:Treasury stock|||21,026,106.00|21,026,106.00|
|Other comprehensive income|2,501,459.77|1,539,359.10|296,909,965.55|295,947,864.88|
|Special preparation|||||
|Surplus public reserve|753,519,177.11|753,519,177.11|721,091,040.02|721,091,040.02|
|Generic risk reserve|||||
|Retained profit|1,089,025,589.35|997,600,555.06|764,859,288.45|640,251,261.47|
|Total owner’s equity attributable to parent company|3,415,027,201.23|3,367,142,161.10|3,377,633,617.02|3,296,565,584.20|
|Minority interests|79,662,456.30||80,796,270.83||
|Total owner’s equity|3,494,689,657.53|3,367,142,161.10|3,458,429,887.85|3,296,565,584.20|
|Total liabilities and shareholder’s equity|5,675,197,752.91|4,536,709,632.25|5,568,279,452.26|4,479,022,188.10|

Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua
INCOME STATEMENT
Prepared by Dalian Refrigeration Co., Ltd. July-September, 2019 Unit: RMB Yuan
||||||
|-|-|-|-|-|
||July-September, 2019||July-September 2018||
|Items|||||
||Consolidation|Parent Company|Consolidation|Parent Company|
|I. Total sales|377,309,476.31|185,430,301.21|482,267,734.29|146,979,350.41|
|II. Total operating cost|398,064,976.69|199,512,285.47|508,998,199.04|156,982,655.71|
|Including: Operating cost|307,976,069.92|158,112,463.00|406,568,952.79|121,157,057.73|
|Taxes and associate charges|4,161,194.34|2,183,711.28|4,900,308.23|2,279,128.59|
|Selling and distribution expenses|26,015,721.28|12,934,688.91|26,968,566.73|374,967.60|
|Administrative expenses|43,834,281.38|18,804,420.18|57,565,430.28|23,905,154.73|
|R&D expenses|12,281,212.29|4,690,216.53|7,716,123.13|5,149,217.99|
|Financial expense|3,796,497.48|2,786,785.57|5,278,817.88|4,117,129.07|
|Including:interest expense|3,656,619.40|2,509,540.76|4,297,758.56|3,23 3,617.80|
|interest income|491,570.02|342,781.73|449,828.36|332,981.68|
|Add:Other income|368,909.48||3,744,210.55|1,566,087.00|
|Gain/(loss) from investment|29,142,360.02|29,363,993.43|42,853,933.74|42,993,624.90|
|Including: income from investment on|29,142,360.02|29,363,993.43|42,820,483.74|42,993,624.90|
|affiliated enterprise and jointly enterprise|||||
|Gain/(loss) from change in fair value|-10,415,735.31|-10,415,735.31|||
|Assets impairment loss (loss as “-“)|-5,573,363.68|-1,370,524.06|-1,930,726.50|-1,912,799.87|
|Gain/(loss) from asset disposal|||-100,487.43||
|III. Operating profit|-7,233,329.87|3,495,749.80|17,836,465.61|32,643,606.73|
|Add: non-business income|478,879.39|30.07|123,364.77|207.11|
|Less: non-business expense|95,922.49||154,138.70||
|IV. Total profit|-6,850,372.97|3,495,779.87|17,805,691.68|32,643,813.84|
|Less: Income tax|-3,292,739.52|-2,490,924.05|1,590,321.86|-443,345.17|
|V. Net profit|-3,557,633.45|5,986,703.92|16,215,369.82|33,087,159.01|
|(I) Net profit from continuous operation|-3,557,633.45|5,986,703.92|16,215,369.82|33,087,159.01|
|(II)Net profit from discontinuing operation|||||
|Net profit attributable to parent company|-4,027,361.74|5,986,703.92|14,417,569.50|33,087,159.01|
|Minority shareholders ’ gains and losses|469,728.29||1,797,800.32||
|VI. After-tax net amount of other comprehensive|||5 , 7 5 8 ,5 1 5 .1 9|5 , 758,515.19|
|incomes|||||
|After-tax net amount of other comprehensive|||5 , 7 5 8 ,5 1 5 .1 9|5 , 75 8 ,515.19|
|incomes attributable to owners of the Company|||||
|(I) Other comprehensive incomes that will not be|||||
|reclassified into gains and losses|||||
|1. Changes in net liabilities or assets with a|||||
|defined benefit plan upon re-measurement|||||
|2. Enjoyable shares in other comprehensive|||||
|incomes in invests that cannot be reclassified into|||||
|gains and losses under the equity method|||||
|(II) Other comprehensive incomes that will be|||5,758,515.19|5,758,515.19|
|reclassified into gains and losses|||||
|1. Enjoyable shares in other comprehensive|||||
|incomes in invests that will be reclassified into gains|||||
|and losses under the equity method|||||
|2. Changes in the fair value of other debt|||||
|investments|||||

||||||
|-|-|-|-|-|
|3. Gains and losses on fair value changes of|||5,758,515.19|5,758,515.19|
|available-for-sale financial assets|||||
|4. The amount of financial assets reclassified|||||
|into other comprehensive income|||||
|5. Held-to-maturity investments are reclassified|||||
|as saleable financial asset gains and losses|||||
|6.Others|||||
|After-tax net amount of other comprehensive|||||
|incomes attributable to minority shareholders|||||
|VII Total comprehensive income|-3,557,633.45|5,986,703.92|21,973,885.01|38,845,674.20|
|Total comprehensive income attributable to parent|-4,027,361.74|5,986,703.92|20,176,084.69|38,845,674.20|
|company|||||
|Total comprehensive income attributable to|469,728.29||1,797,800.32||
|minority shareholders|||||
|VIII. Earnings per share|||||
|(I) basic earnings per share|-0.004||0.017||
|(II) diluted earnings per share|-0.004||0.017||

Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua
INCOME STATEMENT
Prepared by Dalian Refrigeration Co., Ltd. January-September, 2019 Unit: RMB Yuan
||||||
|-|-|-|-|-|
||January-September, 2019||January-September 2018||
|Items|||||
||Consolidation|Parent Company|Consolidation|Parent Company|
|I. Total sales|1,453,038,716.88|510,786,574.53|1,511,346,271.08|450,026,085.60|
|II. Total operating cost|1,499,611,605.61|540,891,541.57|1,537,007,566.62|478,413,212.95|
|Including: Operating cost|1,227,736,049.78|435,005,859.82|1,259,412,828.06|381,890,609.76|
|Taxes and associate charges|12,891,478.21|6,957,698.30|13,634,229.96|6,834,987.52|
|Selling and distribution expenses|79,112,539.90|18,305,927.70|75,631,379.84|656,521.50|
|Administrative expenses|129,776,376.59|56,037,040.67|139,080,586.28|62,351,209.91|
|R&D expenses|40,831,076.46|17,761,463.87|35,330,459.80|17,155,779.50|
|Financial expense|9,264,084.67|6,823,551.21|13,918,082.68|9,524,104.76|
|Including:interest expense|9,199,037.66|6,281,720.77|13,182,040.11|9,903,982.33|
|interest income|1,063,793.82|553,952.60|2,518,884.72|2,044,657.85|
|Add:Other income|2,404,346.32||3,853,847.95|1,566,087.00|
|Gain/(loss) from investment|146,269,781.75|150,160,769.19|109,466,978.18|116,944,490.04|
|Including: income from investment on|101,381,838.15|102,272,825.59|98,293,970.18|99,401,607.31|
|affiliated enterprise and jointly enterprise|||||
|Gain/(loss) from change in fair value|30,045,390.28|30,045,390.28|||
|Assets impairment loss (loss as “-“)|-22,436,498.10|-4,483,267.31|-10,014,587.90|2,374,558.16|
|Gain/(loss) from asset disposal|1,242,799.31|582,050.16|130,324.63|248,128.41|
|III. Operating profit|110,952,930.83|146,199,975.28|77,775,267.32|92,746,136.26|
|Add: non-business income|2,951,244.52|230.14|2,300,228.71|251,207.18|
|Less: non-business expense|217,566.00|75,126.57|307,729.40|80,000.00|
|IV. Total profit|113,686,609.35|146,125,078.85|79,767,766.63|92,917,343.44|
|Less: Income tax|10,473,866.32|8,595,528.60|5,030,766.11|128,763.32|
|V. Net profit|103,212,743.03|137,529,550.25|74,737,000.52|92,788,580.12|
|(I) Net profit from continuous operation|103,212,743.03|137,529,550.25|74,737,000.52|92,788,580.12|
|(II)Net profit from discontinuing operation|||||
|Net profit attributable to parent company|104,346,557.56|137,529,550.25|73,435,111.78|92,788,580.12|
|Minority shareholders ’ gains and losses|-1,133,814.53||1,301,888.74||
|VI. After-tax net amount of other comprehensive|||-81,310,234.46|-81,310,234.46|
|incomes|||||
|After-tax net amount of other comprehensive|||-81,310,234.46|-81,310,234.46|
|incomes attributable to owners of the Company|||||
|(I) Other comprehensive incomes that will not be|||||
|reclassified into gains and losses|||||
|1. Changes in net liabilities or assets with a|||||
|defined benefit plan upon re-measurement|||||
|2. Enjoyable shares in other comprehensive|||||
|incomes in invests that cannot be reclassified into|||||
|gains and losses under the equity method|||||
|(II) Other comprehensive incomes that will be|||-81,310,234.46|-81,310,234.46|
|reclassified into gains and losses|||||
|1. Enjoyable shares in other comprehensive|||||
|incomes in invests that will be reclassified into gains|||||
|and losses under the equity method|||||
|2. Changes in the fair value of other debt|||||
|investments|||||

||||||
|-|-|-|-|-|
|3. Gains and losses on fair value changes of|||-81,310,234.46|-81,310,234.46|
|available-for-sale financial assets|||||
|4. The amount of financial assets reclassified|||||
|into other comprehensive income|||||
|5. Held-to-maturity investments are reclassified|||||
|as saleable financial asset gains and losses|||||
|6.Others|||||
|After-tax net amount of other comprehensive|||||
|incomes attributable to minority shareholders|||||
|VII Total comprehensive income|103,212,743.03|137,529,550.25|-6,573,233.94|11,478,345.66|
|Total comprehensive income attributable to parent|104,346,557.56|137,529,550.25|-7,875,122.68|11,478,345.66|
|company|||||
|Total comprehensive income attributable to|-1,133,814.53||1,301,888.74||
|minority shareholders|||||
|VIII. Earnings per share|||||
|(I) basic earnings per share|0.123||0.086||
|(II) diluted earnings per share|0.123||0.086||

Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua
CASH FLOW STATEMENT
Prepared by Dalian Refrigeration Co., Ltd. January-September, 2019 Unit: RMB Yuan
||||||
|-|-|-|-|-|
||January - September, 2019||January - September 2018||
|Items|||||
||Consolidation|Parent Company|Consolidation|Parent Company|
|I. Cash flows arising from operating activities:|||||
|Cash received from selling commodities and providing|990,420,530.70|340,550,201.48|1,006,325,541.41|397,106,642.50|
|labor services|||||
||10,549,600.41||36,048,272.10|21,407,074.38|
|Write-back of tax received|||||
||43,316,326.23|7,731,200.99|41,140,993.85|9,532,226.02|
|Other cash received concerning operating activities|||||
||1,044,286,457.34|348,281,402.47|1,083,514,807.36|428,045,942.90|
|Subtotal of cash inflow arising from operating activities|||||
|Cash paid for purchasing commodities and receiving|686,780,484.56|250,430,970.32|776,051,647.72|413,735,490.96|
|labor service|||||
||262,853,897.94|93,345,038.33|270,020,405.01|100,530,514.50|
|Cash paid to/for staff and workers|||||
||59,775,362.69|18,190,018.35|70,099,415.71|8,117,820.30|
|Taxes paid|||||
||115,626,935.44|23,731,542.82|111,821,387.96|17,904,193.82|
|Other cash paid concerning operating activities|||||
||1,125,036,680.63|385,697,569.82|1,227,992,856.40|540,288,019.58|
|Subtotal of cash outflow arising from operating activities|||||
||-80,750,223.29|-37,416,167.35|-144,478,049.04|-112,242,076.68|
|Net cash flows arising from operating activities|||||
|II. Cash flows arising from investing activities:|||||
|Cash received from recovering investment|||||
||45,399,936.80|45,366,486.80|46,171,448.00|46,137,998.00|
|Cash received from investment income|||||
|Net cash received from disposal of fixed, intangible and|1,691,731.61|810,000.00|4,094,674.11||
|other long-term assets|||||
|Net cash received from disposal of subsidiaries and|||||
|other units|||||
||||7 6 , 0 0 0 , 0 0 0 . 0 0|7 6 ,0 00,000.00|
|Other cash received concerning investing activities|||||
||47,091,668.41|46,176,486.80|126,266,122.11|122,137,998.00|
|Subtotal of cash inflow from investing activities|||||
|Cash paid for purchasing fixed, intangible and other|33,597,375.06|29,587,157.31|148,585,086.22|138,737,517.86|
|long-term assets|||||
||||4,327,733.43||
|Cash paid for investment|||||
|Net cash paid for achievement of subsidiaries and other|||||
|business units|||||
|Other cash paid concerning investing activities|||||
||33,597,375.06|29,587,157.31|152,912,819.65|138,737,517.86|
|Subtotal of cash outflow from investing activities|||||
||13,494,293.35|16,589,329.49|-26,646,697.54|-16,599,519.86|
|Net cash flows arising from investing activities|||||
|III. Cash flows arising from financing activities|||||
|Cash received from absorbing investment|||||
|Including: Cash received from absorbing minority|||||
|shareholders' equity investment by subsidiaries|||||
|Cash received from loans|409,412,100.00|308,082,000.00|413,654,000.00|400,000,000.00|
||||174,504,000.00|174,504,000.00|
|Cash received from issuing bonds|||||
||38,323,050.64||29,116,287.80||
|Other cash received concerning financing activities|||||
||447,735,150.64|308,082,000.00|617,274,287.80|574,504,000.00|
|Subtotal of cash inflow from financing activities|||||
||316,663,574.16|250,000,000.00|430,004,100.00|410,000,000.00|
|Cash paid for settling debts|||||
|Cash paid for dividend and profit distributing or interest|52,234,480.80|49,757,707.19|55,848,974.69|52,600,129.54|
|paying|||||
|Including: dividends or profit paid by subsidiaries to|||114,000.00||
|minority shareholders|||||
||66,386,367.24|47,566,389.36|15,894,036.66|3,446,078.94|
|Other cash paid concerning financing activities|||||

||||||
|-|-|-|-|-|
||435,284,422.20|347,324,096.55|501,747,111.35|466,046,208.48|
|Subtotal of cash outflow from financing activities|||||
||12,450,728.44|-39,242,096.55|115,527,176.45|108,457,791.52|
|Net cash flows arising from financing activities|||||
||368,800.90|-84,571.05|-2,066,325.91|-438,261.46|
|IV. Influence on cash due to fluctuation in exchange rate|||||
|V. Net increase of cash and cash equivalents|-54,436,400.60|-60,153,505.46|-57,663,896.04|-20,822,066.48|
|Add: Balance of cash and cash equivalents at the period|304,703,434.47|186,976,185.10|364,693,406.31|234,655,092.14|
|-begin|||||
||250,267,033.87|126,822,679.64|307,029,510.27|213,833,025.66|
|VI. Balance of cash and cash equivalents at the period–end|||||

 Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua