Stock Code: 000530; 200530 Short Form of the Stock: Daleng Gufen; Daleng B; No: 2019-018
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 listed
106,786,822.74 25,593,358.53 317.24%
companies
Net profit belonging to the shareholders of listed
companies after the deduction of non-recurring 16,426,346.23 24,307,838.37 -32.42%
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 listed
3,459,628,091.76 3,377,633,617.02 2.43%
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
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
Domestic
Dalian Bingshan Group Co., Ltd. non-state-owned legal 20.27% 170,916,934 0
person
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
Domestic
Dalian industrial development
non-state-owned legal 0.40% 3,406,725 0
investment Co., Ltd.
person
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.
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
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 funds
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
Board of Directors of Dalian Refrigeration Co., Ltd.
April 20, 2019
