Stock Code: 000530; 200530 Short Form of the Stock: Daleng Gufen; Daleng B; No: 2016-036 DALIAN REFRIGERATION CO., LTD.
QUARTERLY REPORT FOR FIRST QUARTER, 2016
§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 All the directors have attended this Board meeting of the Company except Mr Kudou sinn.
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 Mrs. 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 Company Profile
2.1 Major accounting data and financial indexes
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|-|-|-|-|-|-|-|
|||January-March,||January-March,||Increase/decrease over the|
|||2016||2015||same period of last year|
|Total operating income|400,592,922.66||393,941,332.13||1.69%||
|Net profit attributable to shareholders of|25,527,518.21||22,435,890.92||13.78%||
|listed companies|||||||
|Net profit attributable to shareholders of|25,497,476.68||22,373,319.52||13.96%||
|listed companies after deducting|||||||
|non-recurring gains/losses|||||||
|Net cash generated from operating|-89,736,770.51||-128,634,794.42||30.24%||
|activities|||||||
|Basic earnings per share|0.07||0.06||16.67%||
|Diluted earnings per share|0.07||0.06||16.67%||
||0.96%||1.13%||Decrease 0.17percentagepoints||
|Return on equity|||||||
||March 31, 2016||December 31,2015||Increase/decrease over theend of last year||
|Total assets|4,099,235,264.83||4,082,499,864.42||0.41%||
|Owner’s equity attributable to|2,568,111,104.17||2,647,609,091.41||-3.00%||
|shareholders of listed companies|||||||

|||
|-|-|
|Item of non-recurring gains and losses|Amount from beginning of year to the end of report period|
|Disposal gains and losses of non-current asset|58,965.19|
|Tax returned/reduced by chance|14.56|
|Other operating revenue or expense|-13,838.03|
|Income tax effect|9,919.42|
|Minority shareholders’ gains and losses|5,180.77|
|Total|30,041.53|

2.2 Total number and particulars of the shareholders by the end of the report period
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|-|-|-|-|-|-|-|-|-|
|Total shareholders at the end of report period||32,714|||||||
|Shareholding of top ten shareholders|||||||||
|||||||Number of||Number of|
||||||Total|shares with||pledged|
|Name|Nature||Proportion||||||
||||||number|sale||shares or|
|||||||restriction||shares frozen|
|Dalian Bingshan Group Co., Ltd.|Domesticnon-state-owned legalperson||22.31%||80,355,683|19,213,921|||
|SANYO ELECTRIC CO LTD|Foreign legal person||9.72%||35,001,500|0|||
|National Social Security Fund 107Portfolio|Others||3.04%||10,946,061|0|||
|Industrial Seourities Gold Kylin 2Aggregate asset management plan|Others||1.75%||6,301,038|0|||
|China industry selected hybridsecurities investment fund|Others||1.07%||3,852,364|0|||
|Upthrow morgan manufacturingexcellence equity investmentfunds|Others||0.94%||3,392,766|0|||
|Vanguard harmony growth hybridsecurities investment fund|Others||0.92%||3,314,158|0|||
|Lin Zhenming|Foreign natural person||0.77%||2,780,000|0|||
|Industrial international trust Co.,Ltd Yao Huijin 1 assembled fundstrust plan|Others||0.75%||2,696,915|0|||
|Sun Huiming|Domestic natural person||0.68%||2,458,966|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.||||61,141,762|||A||
|SANYO ELECTRIC CO LTD||||35,001,500|||B||
|National Social Security Fund 107 Portfolio||||10,946,061|||A||
|Industrial Seourities Gold Kylin 2 Aggregate asset management plan||||6,301,038|||A||
|China industry selected hybrid securities investment fund||||3,852,364|||A||
|Upthrow morgan manufacturing excellence equity investment funds||||3,392,766|||A||
|Vanguard harmony growth hybrid securities investment fund||||3,314,158|||A||
|Lin Zhenming||||2,780,000|||B||
|Industrial international trust Co., Ltd Yao Huijin 1 assembled fundstrust plan||||2,696,915|||||
||||||||A||
|Sun Huiming||||2,458,966|||B||
|||||Dalian Bingshan Group Co., Ltd. had the|||||
|||||association relationship with Sanyo Electric|||||
|Notes to the associated relationship and uniform actions of the above|||||||||
|||||Co., Ltd. among the above shareholders.|||||
|shareholders|||||||||
|||||Sanyo Electric Co., Ltd. holds 26.6% of|||||
|||||Dalian Bingshan Group Co., Ltd.'s equity.|||||

§3 Important Matters
3.1 Major changes in main financial items and indexes, and description of the cause
√ Applicable□ Inapplicable
1. Dividends receivable increased significantly compared with the year-beginning, mainly due to the increase in unexpired dividends receivable in the period.
2. Other receivables increased significantly compared with the year-beginning, mainly due to the increase in
bid bond in the period.
3. Other current assets decreased significantly compared with the year-beginning, mainly due to the decrease
in value added tax and income tax of the accrued trade in allowance that the taxes payable transferred.
in the period the payment of provision employee compensation of last period-end.
5. Long term loans increased significantly compared with the year-beginning, due to the increase in special fund loans of China Development Fund.
6. Financial expenses increased significantly y-o-y, mainly due to the reduction in time deposits and interest income in the period.
7. Assets impairment loss decreased significantly y-o-y, mainly due to the reduction in long age receivables and the provision for bad debts in the period.
8. Investment income increased significantly y-o-y, mainly due to the increase in the current profit of Company's associate company Dalian Fuji Bingshan Vending Machine Co., Ltd.
9. Net cash from operating activities increased significantly y-o-y, mainly due to the increase in cash received by the current sales of goods.
10. Net cash flow from investing activities reduced significantly y-o-y, mainly due to the increase in the Company's new plant construction investment.
11. Net cash flow from financing activities increased significantly y-o-y, mainly due to the receiving of special fund of China Development Fund.
3.2 Important Progress and the analysis of the influence and solution
□Applicable√Inapplicable
3.3 Commitments of the Company or its shareholders , actual controller and other related parties in the reporting period or carried to the reporting period
□ Applicable√ Inapplicable
3.4 Precautions on forecasting that by the beginning of year till the end of the next report period, 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 the securities investment
□ Applicable√ Inapplicable
3.6 Derivative investment
□ Applicable√ Inapplicable
3.7Table of investigation, communication, interview received
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|-|-|-|-|
|Receiving time|Way of receiving|Received object type|Basic situation index|
|Jan. 05, 2016|Field investigation|Institution|http:// www.cninfo.com.cn|
|Jan.06, 2016|Field investigation|Institution|http:// www.cninfo.com.cn|
|Jan. 07, 2016|Field investigation|Institution|http:// www.cninfo.com.cn|
|Jan. 18, 2016|Field investigation|Institution|http:// www.cninfo.com.cn|
|Jan. 27, 2016|Field investigation|Institution|http:// www.cninfo.com.cn|
|Feb.24,2016|Field investigation|Institution|http:// www.cninfo.com.cn|
|Mar.31, 2016|Field investigation|Institution|http:// www.cninfo.com.cn|

 3.8 Violation of external guaranty
□ Applicable√ Inapplicable
3.9 Non-operation capital occupation by holding shareholders and their related parties in the listed company□ Applicable√ Inapplicable
Board of Directors of Dalian Refrigeration Co., Ltd.
April 22, 2016