Stock Code: 000530; 200530 Short Form of the Stock: Daleng Gufen; Daleng B; No: 2014-009
Dalian Refrigeration Co., Ltd.
2013 Annual Report Summary
§1 Important Notes
This summary is extracted from the original of the annual report. For more information, the investors are recommended to refer to the original.
Company Profile
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|Short form of the stock||DALENG GUFEN; DALENG-B||
|Stock code||000530; 200530||
|Listed stock exchange||Shenzhen Stock Exchange||
|Contact persons|Secretary of the Board of Directors||Authorized representative in chargeof securities affairs|
|Name|Song Wenbao||Song Wenbao (proxy)|
|Contact address|DALENG GUFEN SecuritiesDepartment, No. 888, Xinan Road,Shahekou District, Dalian||DALENG GUFEN SecuritiesDepartment, No. 888, Xinan Road,Shahekou District, Dalian|
|Telephone|0411-86538130||0411-86538130|
|Fax|0411-86654530||0411-86654530|
|E-mail|000530@bingshan.com||000530@bingshan.com|

§2 Summary of Accounting Data and Financial Indexes
2.1 Main accounting data (Unit: RMB Yuan)
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|-|-|-|-|-|
||||Increase/decrease||
||2013|2012|compared with|2011|
||||previous year (%)||
|Operating revenue|1,535,706,911.25|1,521,979,266.15|0.9%|1,863,253,549.47|
|Net profit attributable to shareholders of listed companies|153,006,057.13|117,142,066.15|30.62%|81,621,060.33|
|Net profit belonging to the shareholders of listed companies after|121,207,821.52|123,788,117.10|-2.08%|15,699,415.00|
|the deduction of non-recurring profit and loss|||||
|Net cash flow from operating activities|7,630,456.44|-66,860,885.98|111.42%|168,363,149.93|
|Basic earning per share|0.44|0.33|33.33%|0.23|
|Diluted earnings per share|0.44|0.33|33.33%|0.23|
||8.27%|6.63%|Increase 1.64percentage points|4.71%|
|Weighted average return on net asset yield|||||
||||Increase/decrease||
||At the end of 2013|At the end of 2012|compared with|At the end of 2011|
||||previous year（％）||
|Total assets|2,967,390,234.89|2,937,190,656.69|1.03%|3,053,660,921.27|
|Owner's equity attributable to shareholders of listed companies|1,907,018,190.46|1,808,800,737.71|5.43%|1,748,822,103.82|

2.2 Statement of shares held by the top ten shareholders
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Total number of shareholders in|||Total number of shareholders as of the 5th trading|||||||
||33,548|||||||37,468||
|the reporting period|||day before disclosure of the annual report|||||||
|Shareholding of top ten shareholders||||||||||
||||||||Number of||Number of|
|Name||Nature|||Proportion|Total number|shares with sale||pledged shares|
||||||||restriction||or shares frozen|
|Dalian Bingshan Group Co., Ltd.||Domestic non-state-owned legal person|||21.96%|76,855,683|19,213,921||0|
|Sanyo Electric Co., Ltd.||Overseas legal person|||10.00%|35,001,500|0||0|
|Penghua Chinese 50 Open-end SecuritiesInvestment Fund||Others|||1.95%|6,799,927|0||0|
|GF Stable Growth Securities Investment Fund||Others|||1.72%|6,021,197|0||0|
|National Social Security Fund Combination 404||Others|||1.32%|4,599,985|0||0|
|Penghua Dynamic Growth Hybrid SecuritiesInvestment Fund||Others|||1.19%|4,143,401|0||0|
|Tianzhi Core Growth Stock Type SecuritiesInvestment Fund||Others|||0.96%|3,362,600|0||0|
|BOCI SECURITIES LIMITED||Overseas legal person|||0.86%|2,985,254|0||0|
|Guoyuan Securities Brokerage (Hong Kong)Limited||Overseas legal person|||0.78%|2,708,978|0||0|
|Northeast Securities Co., Ltd.||Domestic non-state-owned legal person|||0.67%|2,326,947|0||0|
|||||Dalian Bingshan Group Co., Ltd. had the association relationship with Sanyo ElectricCo., Ltd. among the above shareholders. Sanyo Electric Co., Ltd. holds 30% of DalianBingshan Group Co., Ltd.'s equity.||||||
|Notes to the associated relationship and uniform actions of the above||||||||||
|shareholders||||||||||

2.3 Particulars about controlling shareholders and actual controller of the Company
100% 100%
25% 5% 15% 15% 10% 30% Dalian Bingshan Group Co., Ltd.
21.96%
Dalian Refrigeration Co., Ltd.
§3 Discussion and analysis of the management
The company, as the largest industrial refrigeration equipment production enterprise in China, is
committed to developing the business of industrial refrigeration, food freezing and cold storage,
central and commercial air-conditioning and refrigeration components, having covered the key
areas of the refrigeration industrial chain and forged the most complete cold and hot industrial
chain in China.
In face of a lot of unfavorable factors in 2013, the company took the initiative actively, competed
to seize opportunities, strived to open up market externally, laid a high emphasis on basic
management internally, promoted comprehensive reform in an orderly way and tried the best to
fulfill the operating plan target. In 2013, the Company made the sales income of 1,535.71 million
yuan, accounting for95.39% of 1,610 million yuan of theCompany’s annual business indicator
for 2013, with a year-on-year increase of0.9%; the total amount of profit of 184.75 million yuan,
and the total amount of profit of 142.99 million yuan after deducting the profit from the
warehousing land use right of the company was collected and stored, accounting for105.92% of
135 million yuan of theCompany’s annual business indicator for 2013, with a year-on-year
increase of7.29%.
Within the reporting period, the company made positive and effective changes and practices in
such aspects as perfecting the marketing management mode, broadening the sales channels,
adjusting the marketing strategies, etc. It responded to market changes actively and strived to
expand the market share by taking such changing initiatives as participating in China
3
Commission
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Dalian
Equipment
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Dalian
State-owned
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Yida
Group
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Dayang
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Technology
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Dalan
Zhonghuida
Refrigeration
Sanyo Electric Co., Ltd.
Refrigeration Exhibition in a unified group image, holding national distributor meetings,
establishing sales directors in national ten major sales regions, reforming the salesperson
distribution system, perfecting after-sale maintenance and warranty, etc. and by carrying out such
characteristic activities as return visit to key customers, training to employees of key customers,
etc.
Within the reporting period, the company perfected the basic management, enhanced the
manufacturing ability and increased both efficiency and economic benefits by taking such
changing initiatives as adjusting the organizational structure and mid-level cadres, erecting the OA basic platform, promoting 5S activities, carrying out new work modes, perfecting the distribution
system, etc.
Within the reporting period, the company centered particularly around the direction of new type
environmentally friendly and efficient refrigeration compressors, intelligent, energy-saving type
products to do new product R& D and make optimum design of existing products, having
fulfilled 16 items of new product R& D and technical innovation such as CO screw refrigeration 2
compressor unit, new type small cold storage, etc.
Within the reporting period, Dalian Sanyo Compressor, in which the company participates and
being a domestically leading vortex compressor producer, highly emphasized the commercial
air-conditioning market and continued to show its scale effect by realizing a sales income of RMB 2.4 billion yuan, up by11% from that in the same period last year; a net profit of RMB 167
million yuan, up by36% from that in the same period last year. The accumulated production
volume of scroll compressor has exceeded 10 million sets.
Within the reporting period, Dalian Sanyo Cold Chain in which the company participates centered around retailing industry transformation to develop new products and provide more excellent
comprehensive cold chain transportation solutions for chain enterprises. By carrying out in-depth
innovation activities, it has improved the production efficiency, saved labor costs. Under the
influence of insufficient oversea ordering and Japanese Yen depreciation, the sales income and the net profit reduced as compared with the same period last year.
Within the reporting period, Dalian Sanyo Refrigeration in which the company participates
realized an optimum configuration of large air-conditioner business resources with the sales
income increasing by50% as compared to the same period last year by integrated operation with
Dalian Sanyo Air-conditioner. Under the influence of Japanese Yen depreciation, there was an
exchange loss which influenced the realization of net profit.
Within the reporting period, Keihin-Dayang in which the company participates made a new
progress in opening up market. The branch company in Foshan was put into production formally,
realizing product supply localization for local customers, upgrading the market service efficiency
and quality and expanding the enterprise scale.
Within the reporting period, Dalian Fuji-Bingshan Automatic Vending Machine in which the
company participates developed a large automatic vending machine and declared 20 items of
utility model patents. The second factory was put into production formally, as a result, the
enterprise product capacity was increased.
During the reporting period, the Company further to perfected foreign equity investment. To
highlight the main business, whole equity of Dalian Jiale Vending Machine Marketing Co., Ltd.
owned by the Company were transferred; follow-on invested in Wuhan-New World Refrigeration
Industrial Co., Ltd. and Dalian Bingshan Group Import& Export Co., Ltd.; and established a joint venture MHI Bingshan Refrigeration (Dalian) Co., Ltd.
§4 Financial Report
4.1 Changes in accounting policies, estimates or major accounting errors
□ Applicable√ Inapplicable
4.2 Explanation on change of consolidation scope in the report period compared with the latest annual report
□Applicable√Inapplicable
4.3 Explanation of the Board of Directors to the “Non-standardized Opinion”
□Applicable√Inapplicable
Board of Directors of Dalian Refrigeration Co., Ltd.
April 22, 2014