Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019 Dalian Refrigeration Co., Ltd.
QUARTERLY REPORT FOR FIRST QUARTER, 2019
April, 2019
Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019 DALIAN REFRIGERATION CO., LTD.
QUARTERLY REPORT FOR FIRST QUARTER, 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 All the directors have attended this Board meeting of the Company.
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
|||||
|-|-|-|-|
||||Increase/decrease compared|
||January-March, 2019|January-March, 2018||
||||with previous year|
|Operating revenue|565,075,729.08|515,183,744.97|9.68%|
|Net profit attributable to shareholders of|106,786,822.74|||
|||25,593,358.53|317.24%|
|listed companies||||
|Net profit belonging to the shareholders of||||
|listed companies after the deduction of|16,426,346.23|24,307,838.37|-32.42%|
|non-recurring profit and loss||||
|Net cash flow from operating activities|-94,192,502.27|-117,217,303.00|19.64%|
|Basic earnings per share|0.125|0.03|316.67%|
|Diluted earnings per share|0.125|0.03|316.67%|
|Weighted average return on net asset yield|3.11%|0.75%|Increase 2.36 percentage points|
||||Increase/decrease compared|
||March 31, 2019|December 31, 2018||
||||with year beginning|
|Total assets|5,484,524,296.09|5,568,279,452.26|-1.50%|
|Owner's equity attributable to shareholders of|3,459,628,091.76|3,377,633,617.02|2.43%|
|listed companies||||

Note : Net profit attributable to parent company increased significantly y-o-y, mainly due to (1)The Gain from change in fair value of Guotai Junan has been recorded into the current profit and loss,which is about 64.5 million yuan;(2)During the reporting period, 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.
non-recurring gains and losses
√ Applicable□ Inapplicable
|||
|-|-|
||Amount from beginning of year to the end of report|
|Item of non-recurring gains and losses||
||period|
|Disposal gains and losses of non-current asset|-12,865.50|
|Government subsidies included in current profit or loss|337,400.00|
|Disposal gains from investments on financial assets|105,065,192.11|

Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
|||
|-|-|
|available for sale||
|Other operating revenue or expense|982,620.97|
|Income tax effect|15,992,063.20|
|Minority shareholders’ gains and losses|19,807.87|
|Total|90,360,476.51|

 2.2 Total number and particulars of the shareholders by the end of the report period
|||||||||
|-|-|-|-|-|-|-|-|
|Total shareholders at the end of report period||60,697||||||
|Shareholding of top ten shareholders||||||||
||||||Number of|||
||||||||Number of|
|||||Total|shares with|||
|Name|Nature||Proportion||||pledged shares|
|||||number|sale|||
||||||||or shares frozen|
||||||restriction|||
||Domesticnon-state-owned legalperson||20.27%|170,916,934|0|||
|Dalian Bingshan Group Co., Ltd.||||||||
|SANYO ELECTRIC CO LTD|Foreign 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|||
|BOCI SECURITIES LIMITED|Foreign legal person||0.41%|3,471,602|0|||
||Domesticnon-state-owned legalperson||0.40%|3,406,725|0|||
|Dalian industrial development||||||||
|investment Co., Ltd.||||||||
|Xue Hong|Domestic natural person||0.35%|2,940,000|0|||
|Chen Naisheng|Domestic natural person||0.27%|2,311,330|0|||
|Chen Xiaoyue|Domestic natural person||0.26%|2,210,000|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||
|BOCI SECURITIES LIMITED|||3,471,602|||B||
|Dalian industrial development investment co. LTD|||3,406,725|||A||
|Xue Hong|||2,940,000|||B||
|Chen Naisheng|||2,311,330|||A||
|Chen Xiaoyue|||2,210,000|||A||
||||Dalian Bingshan Group Co., Ltd. had the association|||||
|Notes to the associated relationship and uniform actions of|||relationship with Sanyo Electric Co., Ltd. among the|||||
|the above shareholders|||above shareholders. Sanyo Electric Co., Ltd. holds|||||
||||26.6% of Dalian Bingshan Group Co., Ltd.'s equity.|||||

Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019§3 Important Matters
3.1 Major changes in main financial items and indexes, and description of the cause
√ Applicable□ Inapplicable
1. Monetary fund decreased significantly compared with the year-beginning, mainly due to the payment for the termination of the restricted stock incentive plan of 2016 .
2. Other current assets decreased significantly compared with the year-beginning, mainly due to the change of excess VAT paid . 3. Construction in progress increased significantly compared with the year-beginning, mainly due to the investment in Intelligent manufacturing project and the R22 reduction project.
4. Employee compensation payable decreased significantly compared with the year-beginning, mainly due to the payment of provision employee compensation of last period-end during the reporting period.
5. Tax payable increased significantly compared with the year-beginning, mainly due to the increase of VAT payable and income tax payable.
6. Other accounts payable decreased significantly compared with the year-beginning, mainly due to the termination of the restricted stock incentive plan of 2016.
7. Bonds payable decreased significantly compared with the year-beginning, mainly due to the exchangeable bonds holders exchange shares centrally during the reporting period.
8. Other comprehensive income decreased significantly compared with the year-beginning, mainly due to according to the new financial instrument standard, the Company adjusted the net profit and loss of Guotai Jun‘an stock market value to retained profit at the beginning of the period.
9. Assets impairment loss increased significantly y-o-y, mainly due to the provision for bad debts increased.
10. Gain from investment increased significantly y-o-y, mainly due to the investment income of the Company's exchangeable bonds exchange .
3.2 Important Progress and the analysis of the influence and solution
□Applicable√Inapplicable
Progress of share buybacks
□Applicable√Inapplicable
Progress of share buybacks in the way of centralized bidding for reduction
□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
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||Accumu|||||||
||||||||lated|||||||
|||||||Fair Value||||||||
|||Short|||||Fair|Curre||Gains and||||
|||||Accounting||Change Gains||||||Account||
|Type of|Stock|Form of|Initial cost of||Begin Book||Value|nt||losses during|||Source|
|||||Measurement||and Losses in|||Current Sale||Final Book value|ing||
|securities|Code|the|investment||value||Change|Purc||the reporting|||of fund|
|||||Model||the Current||||||subjects||
|||Stock|||||Include|hase||period||||
|||||||Period||||||||
||||||||d in|||||||
||||||||Equity|||||||
|||||||||||||Other||
|||||||||||||non-curr||
|||Guotai||Measuring at|||||||||Own|
|Stock|601211||15,710,008.00||369,195,071.40|64,497,437.84|0.00|0.00|150,999,966.00|64,497,437.84|316,556,661.20|ent||
|||Junan||fair value|||||||||fund|
|||||||||||||financial||
|||||||||||||assets||
|Total|||15,710,008.00|--|369,195,071.40|64,497,437.84|0.00|0.00|150,999,966.00|64,497,437.84|316,556,661.20|--|--|

 The amount sold in the current period is the amount of the exchangeable bondholder's exchange shares during the reporting period. 3.6 Derivative investment
□ Applicable√ Inapplicable
3.7 Table of investigation, communication, interview received
□ Applicable√ Inapplicable
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
Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019§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.
April 20, 2019
Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019 BALANCE SHEET
Prepared by Dalian Refrigeration Co., Ltd. March 31, 2019 Unit: RMB Yuan
||||||
|-|-|-|-|-|
||31-Mar-2019||31-Dec-2018||
|Items|||||
||Consolidation|Parent Company|Consolidation|Parent Company|
|Current assets:|||||
|Monetary funds|209,941,012.92|71,894,007.89|343,026,485.11|186,976,185.10|
|Financial assets which are measured by fair value and|||||
|which changes are recorded in current profit and loss|||||
|Derivative financial assets|||||
|Transaction financial assets|||||
|Notes receivable&Accounts receivable|1,375,799,499.08|589,951,642.17|1,278,838,632.86|482,389,295.25|
|Notes receivable|148,786,229.10|65,906,701.69|171,292,044.56|63,673,648.65|
|Accounts receivable|1,227,013,269.98|524,044,940.48|1,107,546,588.30|418,715,646.60|
|Accounts in advance|152,421,203.21|53,121,720.19|158,405,300.50|69,577,538.44|
|Other receivables|52,283,388.09|15,020,565.37|48,508,755.15|14,003,269.34|
|Interest receivables|||318,886.12|318,886.12|
|Dividend receivable|||33,450.00||
|Inventories|441,703,966.17|194,904,326.29|450,195,300.53|194,747,632.08|
|Assets held for sale|||||
|Non-current asset due within one year|||||
|Other current assets|4,156,546.78|112,871.30|18,266,589.12|8,056,055.09|
|Total current assets|2,236,305,616.25|925,005,133.21|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|1,654,219,138.55|2,236,966,467.66|1,619,693,570.97|2,201,953,842.42|
|Other Non-current financial assets|329,548,319.79|328,133,177.29|||
|Investment property|99,092,566.72|110,211,634.07|100,338,241.99|111,421,702.70|
|Fixed assets|943,173,246.32|716,071,336.95|953,298,058.11|725,516,578.53|
|Construction in progress|27,170,405.13|26,534,676.14|19,796,212.82|18,010,457.61|
|Engineering material|||||
|Disposal of fixed asset|||||
|Productive biological asset|||||
|Oil and gas asset|||||
|Intangible assets|145,546,361.30|69,477,696.79|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|12,471,030.78|10,871,582.46|12,873,428.19|11,244,777.00|
|Deferred income tax asset|35,246,811.76|4,358,721.03|34,082,754.72|4,303,943.48|
|Other non-current asset|||||
|Total non-current asset|3,248,218,417.89|3,502,625,030.44|3,271,038,388.99|3,523,272,212.80|
|Total assets|5,484,524,034.14|4,427,630,163.65|5,568,279,452.26|4,479,022,188.10|
|Current liabilities:|||||
|Short-term loans|270,000,000.00|250,000,000.00|250,000,000.00|250,000,000.00|

Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
||||||
|-|-|-|-|-|
|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 and Accounts payable|1,153,682,791.77|434,080,197.75|1,132,891,095.19|412,799,816.79|
|Accounts received in advance|90,924,216.15|28,465,007.34|122,151,101.00|29,579,144.85|
|Wage payable|10,096,643.38|1,654,620.17|31,856,136.59|7,376,290.42|
|Taxes payable|34,729,883.70|24,231,419.28|13,608,212.32|3,399,150.12|
|Other accounts payable|32,589,226.09|6,137,434.21|63,313,958.43|30,439,931.10|
|Interest payable|216,664.93|216,664.93|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|2,293,332.08||2,999,574.93||
|Other current liabilities|||||
|Total current liabilities|1,594,316,093.17|744,568,678.75|1,616,820,078.46|733,594,333.28|
|Non-current liabilities:|||||
|Long-term loans|177,610,335.66|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|1,532,949.94||1,532,949.94||
|Long-term wage payable|||||
|Special Payable|||||
|Anticipation liabilities|||||
|Deferred income|101,994,603.65|59,676,911.69|103,542,093.79|60,907,828.40|
|Deferred income tax liabilities|45,250,831.33|45,250,831.33|51,954,442.22|51,954,442.22|
|Other non-current liabilities|||||
|Total non-current liabilities|351,388,520.58|289,927,543.02|493,029,485.95|448,862,270.62|
|Total liabilities|1,945,704,613.75|1,034,496,221.77|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|721,091,040.02|721,091,040.02|721,091,040.02|721,091,040.02|
|Generic risk reserve|||||
|Retained profit|1,166,054,626.47|1,056,020,472.93|764,859,288.45|640,251,261.47|
|Total owner’s equity attributable to parent company|3,459,628,101.26|3,393,133,941.88|3,377,633,617.02|3,296,565,584.20|
|Minority interests|79,191,319.13||80,796,270.83||
|Total owner’s equity|3,538,819,420.39|3,393,133,941.88|3,458,429,887.85|3,296,565,584.20|
|Total liabilities and shareholder’s equity|5,484,524,034.14|4,427,630,163.65|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
Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019 INCOME STATEMENT
Prepared by Dalian Refrigeration Co., Ltd. January-March, 2019 Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Items|January-March, 2019||January-March, 2018||
||Consolidation|Parent Company|Consolidation|Parent Company|
|I. Total sales|565,075,729.08|187,665,804.78|515,183,744.97|180,020,669.02|
|Including: Mainly operating income|553,275,988.57|178,128,672.23|505,677,469.36|173,154,990.37|
|Other operating income|11,799,740.51|9,537,132.55|9,506,275.61|6,865,678.65|
|II. Total operating cost|587,621,855.44|194,686,339.31|509,898,926.11|182,066,309.20|
|Including: Operating cost|489,840,572.83|165,187,241.26|423,905,884.12|159,122,415.64|
|Mainly Operating cost|482,538,506.00|158,657,243.21|419,479,072.32|155,568,616.97|
|Other operating cost|7,302,066.83|6,529,998.05|4,426,811.80|3,553,798.67|
|Taxes and associate charges|4,933,219.41|2,499,744.46|4,569,447.66|2,298,420.18|
|Selling and distribution expenses|27,191,351.97|117,823.03|23,648,268.09|226,199.11|
|Administrative expenses|44,989,946.11|17,738,863.49|42,168,653.90|16,436,280.69|
|R&D expenses|11,557,843.31|6,485,982.26|11,274,154.05|6,768,294.36|
|Financial expense|3,897,660.31|2,291,501.17|5,199,059.85|1,594,855.68|
|Including:interest expense|2,914,151.60|2,141,926.06|3,849,983.65|2,836,958.28|
|interest income|317,613.19|149,671.39|1,595,022.14|1,491,796.32|
|Assets impairment loss|5,211,261.50|365,183.64|-866,541.56|-4,380,156.46|
|Add:Other income|1,695,599.00||328,499.15||
|Gain/(loss) from investment|75,093,258.98|77,580,316.64|21,067,648.84|21,586,188.56|
|Including: income from investment on|34,525,567.58|35,012,625.24|20,767,648.84|21,286,188.56|
|affiliated enterprise and jointly enterprise|||||
|Gain/(loss) from change in fair value|64,497,437.84|64,497,437.84|||
|Exchange gains|||||
|Gain/(loss) from asset disposal|-12,865.50|-12,865.50|15,166.64|19,145.40|
|III. Operating profit|118,727,303.96|135,044,354.45|26,696,133.49|19,559,693.78|
|Add: non-business income|1,579,118.31|0.07|1,685,340.09|500.07|
|Including:Gain form non-current assets|||||
|disposal|||||
|Less: non-business expense|73,431.34|60,000.00|120,347.46|80,000.00|
|Including:Loss form non-current assets|||||
|disposal|||||
|IV. Total profit|120,232,990.93|134,984,354.52|28,261,126.12|19,480,193.85|
|Less: Income tax|15,051,119.89|13,623,658.34|2,589,476.69|439,653.28|
|V. Net profit|105,181,871.04|121,360,696.18|25,671,649.43|19,040,540.57|
|(I) Net profit from continuous operation|||||
|(II)Net profit from discontinuing operation|||||
|Net profit attributable to parent company|106,786,822.74|121,360,696.18|25,593,358.53|19,040,540.57|
|Minority shareholders’ gains and losses|-1,604,951.70||78,290.90||
|VI. After-tax net amount of other|||-33,629,728.70|-33,629,728.70|
|comprehensive incomes|||||
|After-tax net amount of other comprehensive|||-33,629,728.70|-33,629,728.70|
|incomes attributable to owners of the|||||
|Company|||||
|(I) Other comprehensive incomes that will not|||||
|be reclassified into gains and losses|||||

Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
||||||
|-|-|-|-|-|
|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|||-33,629,728.70|-33,629,728.70|
|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. Gains and losses on fair value changes of|||-33,629,728.70|-33,629,728.70|
|available-for-sale financial assets|||||
|3. Gains and losses on reclassifying|||||
|held-to-maturity investments into|||||
|available-for-sale financial assets|||||
|4. Effective hedging gains and losses on cash|||||
|flows|||||
|5. Foreign-currency financial statement|||||
|translation difference|||||
|6.Others|||||
|……|||||
|After-tax net amount of other comprehensive|||||
|incomes attributable to minority shareholders|||||
|VII Total comprehensive income|105,181,871.04|121,360,696.18|-7,958,079.27|-14,589,188.13|
|Total comprehensive income attributable to|106,786,822.74|121,360,696.18|-8,036,370.17|-14,589,188.13|
|parent company|||||
|Total comprehensive income attributable to|-1,604,951.70||78,290.90||
|minority shareholders|||||
|VIII. Earnings per share|||||
|(I) basic earnings per share|0.125||0.03||
|(II) diluted earnings per share|0.125||0.03||

Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua
Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019 CASH FLOW STATEMENT
Prepared by Dalian Refrigeration Co., Ltd. January -March, 2019 Unit: RMB Yuan
||||||
|-|-|-|-|-|
||January -March, 2019||January -March, 2018||
|Items|Consolidation|Parent Company|Consolidation|Parent Company|
|I. Cash flows arising from operating activities:|||||
|Cash received from selling commodities and|284,070,695.49|81,980,694.01|234,680,891.94|87,595,028.58|
|providing labor services|||||
|Write-back of tax received|3,542,775.88||3,340,686.50||
|Other cash received concerning operating|7,857,373.35|1,158,866.54|14,176,990.93|3,619,053.46|
|activities|||||
|Subtotal of cash inflow arising from operating|295,470,844.72|83,139,560.55|252,198,569.37|91,214,082.04|
|activities|||||
|Cash paid for purchasing commodities and|226,160,305.96|98,322,285.24|186,514,869.99|111,441,564.06|
|receiving labor service|||||
|Cash paid to/for staff and workers|111,727,370.94|36,960,571.65|112,992,030.52|41,872,999.01|
|Taxes paid|20,084,355.47|5,057,595.98|32,738,439.61|2,527,993.35|
|Other cash paid concerning operating activities|31,691,314.62|5,099,217.08|37,170,532.25|3,716,271.65|
|Subtotal of cash outflow arising from|389,663,346.99|145,439,669.95|369,415,872.37|159,558,828.07|
|operating activities|||||
|Net cash flows arising from operating activities|-94,192,502.27|-62,300,109.40|-117,217,303.00|-68,344,746.03|
|II. Cash flows arising from investing activities:|||||
|Cash received from recovering investment|||||
|Cash received from investment income|33,450.00||333,450.00|300,000.00|
|Net cash received from disposal of fixed,|460,000.00|460,000.00|1,892,374.11||
|intangible and other long-term assets|||||
|Net cash received from disposal of subsidiaries|||||
|and other units|||||
|Other cash received concerning investing|||76,000,000.00|76,000,000.00|
|activities|||||
|Subtotal of cash inflow from investing|493,450.00|460,000.00|78,225,824.11|76,300,000.00|
|activities|||||
|Cash paid for purchasing fixed, intangible and|4,951,109.06|2,380,864.45|77,208,918.11|70,448,645.50|
|other long-term assets|||||
|Cash paid for investment|||4,327,733.43||
|Net cash paid for achievement of subsidiaries|||||
|and other business units|||||
|Other cash paid concerning investing activities|||||
|Subtotal of cash outflow from investing|4,951,109.06|2,380,864.45|81,536,651.54|70,448,645.50|
|activities|||||
|Net cash flows arising from investing activities|-4,457,659.06|-1,920,864.45|-3,310,827.43|5,851,354.50|
|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|188,410,100.00|130,000,000.00|9,040,000.00||
|Cash received from issuing bonds|||||
|Other cash received concerning financing|38,323,050.64||30,116,287.80||
|activities|||||

Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
||||||
|-|-|-|-|-|
|Subtotal of cash inflow from financing|226,733,150.64|130,000,000.00|39,156,287.80||
|activities|||||
|Cash paid for settling debts|169,838,295.15|130,000,000.00|17,810,100.00||
|Cash paid for dividend and profit distributing|3,755,722.29|3,294,788.91|4,431,888.96|3,216,043.81|
|or interest paying|||||
|Including: dividends or profit paid by|||||
|subsidiaries to minority shareholders|||||
|Other cash paid concerning financing activities|59,402,310.07|47,566,389.36|10,774,088.89|2,279,264.40|
|Subtotal of cash outflow from financing|232,996,327.51|180,861,178.27|33,016,077.85|5,495,308.21|
|activities|||||
|Net cash flows arising from financing activities|-6,263,176.87|-50,861,178.27|6,140,209.95|-5,495,308.21|
|IV. Influence on cash due to fluctuation in|-320,169.19|-25.09|-1,411,497.70|-686.11|
|exchange rate|||||
|V. Net increase of cash and cash equivalents|-105,233,507.39|-115,082,177.21|-115,799,418.18|-67,989,385.85|
|Add: Balance of cash and cash equivalents at|304,703,434.47|186,976,185.10|364,693,406.31|234,655,092.14|
|the period -begin|||||
|VI. Balance of cash and cash equivalents at the|199,469,927.08|71,894,007.89|248,893,988.13|166,665,706.29|
|period–end|||||

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