Stock Code: 000530; 200530 Short Form of the Stock: Daleng Gufen; Daleng B; No: 2015-051
Dalian Refrigeration Co., Ltd.
2015 Semiannual Report Summary
§1 Important Notes
This summary is extracted from the original of the semiannual 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 Securities andLegal Affairs Department, No. 888,Xinan Road, Shahekou District, Dalian||DALENG GUFEN Securities andLegal Affairs Department, 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)
Did the Company retroactively adjust or restate the accounting data of previous years due to
change in the accounting policy and correction of accounting mistakes?
√ Yes□ No
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|-|-|-|-|-|
|||||Increase/decrease compared with|
|||2014.01-06|||
|item|2015.01-06|||previous period|
|||Before adjustment|After adjustment|After adjustment|
|Operating revenue|711,740,342.13|774,912,253.19|774,912,253.19|-8.15%|
|Net profit attributable to shareholders of|65,477,775.99|66,477,633.28|66,477,633.28|-1.50%|
|listed companies|||||
|Net profit belonging to the shareholders of|63,880,328.51|63,794,559.91|63,794,559.91|0.13%|
|listed companies after the deduction of|||||
|non-recurring profit and loss|||||
|Net cash flow from operating activities|-130,589,921.37|-2,594,386.46|-2,594,386.46|--|
|Basic earning per share|0.18|0.19|0.19|-5.26%|
|Diluted earnings per share|0.18|0.19|0.19|-5.26%|
|Weighted average return on net asset yield|3.26%|3.49%|3.49%|Decrease 0.23 percentage points|

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|-|-|-|-|-|
|||||Increase/decrease compared with2014.12.31|
|||2014.12.31|||
||2015.6.30||||
|||Before adjustment|After adjustment|After adjustment|
|Total assets|4,122,114,054.42|3,053,930,248.25|3,053,930,248.25|34.98%|
|Owner's equity attributable to shareholders|2,891,763,301.60|1,967,027,256.13|1,967,027,256.13|47.01%|
|of listed companies|||||

2.2 Statement of shares held by the top ten common shareholders
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|Total number of shareholders in the reporting period||31,725|||||
|Shareholding of top ten shareholders|||||||
|||||||Number of|
||||||Number of||
|||||||pledged|
||||Proport|Total|shares with||
|Name|Nature|||||shares or|
||||ion|number|sale||
|||||||shares|
||||||restriction||
|||||||frozen|
|Dalian Bingshan Group Co., Ltd.|Domestic non-state-owned legalperson||21.34%|76,855,683|19,213,921||
|Sanyo Electric Co., Ltd.|Overseas legal person||9.72%|35,001,500|0||
|Lion flexible configuration hybrid securities investmentfund|Others||1.76%|6,350,263|0||
|Fu Guo Zhong Zheng Reform of state owned enterpriseindex Classification Securities Investment Fund|Others||1.53%|5,523,854|0||
|Tibet Aier Medical Investment Co., Ltd|Domestic non-state-owned legalperson||1.10%|3,965,000|0||
|Lin Zhenming|Overseas natural person||0.73%|2,634,000|0||
|Sun Huiming|Domestic natural person||0.68%|2,449,016|0||
|Jiang Youchang|Domestic natural person||0.64%|2,300,448|0||
|Dalian City Industrial Investment Co., Ltd.|Domestic non-state-owned legalperson||0.45%|1,622,250|0||
|JOHCM INTERNATIONAL SMALL CAP EQUITYFUND|Overseas legal person||0.41%|1,470,786|0||

2.3 Statement of shares held by the top ten preferred shareholders
□ Yes√ No
2.4Variation in controlling shareholders or actual controllers
Variation in controlling shareholders in the report period
□ Applicable√ Not applicable
There were no changes in the controlling shareholder in the reporting period.
Variation in actual controllers in the report period
√ Applicable□ Not applicable
According to the actual situation of Dalian Refrigeration Co., Ltd. and its controlling shareholders
and compared with the related laws and regulations, with the confirmation of Liaoning Huaxia law
firm, the Company released the Public Notice on Not Having Actual Controller.(No: 2015-025),)
which was published on B04 of China Securities, A19 of HK Commercial Daily and Cninfo
website on April 24 2015.
§3 Discussion and analysis of the management
In first half of 2015, around by the operation principle of “Leading Innovation, Creating Value”, the Company cope with the many challenges cool-headedly, response initiatively, driven by efficiency implementation of the initial phase of restricted stock incentive plan, accelerate integration of capital and resources and business model innovation, pursuit operation management efficiency& quality, strive to achieved the operation goals and accumulate power for the rapid expansion in the future.
The Company gains operation revenue of 711.74 million Yuan in first half of 2015, representing91.66% of the operation goals for first half of 2015, with a y-o-y decrease of8.15%; total profit achieved 70.37 million Yuan, realizing the operation goals for first half of 2015, with a y-o-y decrease of3.70%.
During the reporting period, the Company place extra emphasis on food refrigeration business, engineering, trading and service business, optimized and improved a serial comprehensive solution plans, took the initiative in value creation for the clients, actively cope with the changes in market. Take the opportunity of the 2015 global cold-chain logistic summit, the Company present a comprehensive display of value chain system with Bingshan-characteristic, and aggressively build a value chain ofinternet+, escort for the food security.
During the reporting period, based on growth and profitability, the Company accelerated the integration of capital and resources. Acquired49% equity of Wuxin Refrigeration, turning Wuxin Refrigeration as the wholly-owned subsidiary from controlling subsidiary, implementing one operation, and creating differentiated products; acquired30% equity of Sanyo High-Efficient, turns Sanyo Gaoxiao as the controlling subsidiary from affiliated company, introducing new technology, and improving the heat exchange link of cold& heat industry chain; implemented merger by absorption between the controlling subsidiary Bingshan Ryosetsu and wholly-owned subsidiary Bingshan Metal Processing, improving the efficiency.
During the reporting period, around improving the sales platform and creating the service platform, the Company accelerated integration of capital and resources and business model innovation. Through one operation, to play the role on sales platform of Dalian Bingshan Group Sales Co., Ltd, and to improve the ability of solution. Bingshan Technology Service (Dalian) Co., Ltd, the service platform, put into operation officially, expended business and achieved initial results.
During the reporting period, the information construction of PDM and ERP have staging officially, and the delicacy management improved orderly.
During the reporting period, the Company actively push forward the construction of virtual technologyR&D platform, and carried out the joint development program for the new products. The Company has completed the design of origin pre-cooling setting and cooling heat-recovery unit and commercialization.
During the reporting period, the Company actively push forward the construction of intelligent new factory in an orderly manner.
During the reporting period, while eyes on maintaining traditional customers, the associated company Panasonic Compressor continues to develop new clients, further to consolidate the dominant status of Freon system in cold storage market. R32 scroll compressor rated as the innovative products of the China Refrigeration Show, which will occupy the advantage in FTXS switching. By strengthen supplier management, the perfect defectives declined obviously on a y-o-y basis.
During the reporting period, the associated company Panasonic Cold-Chain actively create a new mechanism of production and sales integration, continue to creating values for customers. Promote a comprehensive solution plan for the intelligent convenience store, and open a first prototype store in Jingan District, Shanghai City. Release the intelligent fresh distribution cabinet, extend the end of cold-chain service to community from supermarket and convenience store.
During the reporting period, the associated company Dalian Fuji Bingshan achieved a new progresses in market exploitation, sales volume of the vending machine in excess of 9,000 sets. By mill type modification, organic combination of the vending machine and intelligent, mobile payment, and with consideration to the double sales condition of foods and beverage, actually best serve the customers and consumers.
§4 Matters related to financial report
4.1 Change in accounting policies, accounting estimates and accounting methods compared with the financial statements of the previous year
□Applicable√A Inapplicable
4.2 Correction of major accounting mistakes in the reporting period, which should be retroactively restated
□Applicable√A Inapplicable
4.3 Explanation on change of consolidation scope in the report period compared with the latest annual report
√Applicable□Inapplicable
In the report period, Bingshan Technology Service (Dalian) Co., Ltd. started operations, and was included in the consolidated statement.
4.4 Explanation of the Board of Directors to the “Non-standardized Opinion”
□Applicable√Inapplicable
Board of Directors of Dalian Refrigeration Co., Ltd.
August 19, 2015