Stock Code: 000530; 200530 Short Form of the Stock: Daleng Gufen; Daleng B No: 2014-024
DALIAN REFRIGERATION CO., LTD.
QUARTERLY REPORT FOR THIRD QUARTER, 2014
§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 The Company’s quarterly financial report has not been audited.
1.3 Chairman of the Board of Directors of the Company Mr. Ji Zhijian, Financial Majordomo Ms. Rong Yan and
the head of Accounting Department Ms. 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 Major accounting data and changes of shareholders
2.1 Major accounting data and financial indexes
Is there any traceable adjustment to the financial statements for the previous report period?
√ Yes No
Increase/decrease
2013.12.31 over
2014.9.30
2013.12.31(%)
Before adjustment After adjustment After adjustment
Total assets 3,083,859,491.57 2,967,390,234.89 2,967,390,234.89 3.92%
Shareholder’s equity attributable to
1,947,922,478.70 1,907,018,190.46 1,907,018,190.46 2.14%
parent company
Increase/decrease Increase/decrease
2014.7-9 2014.1-9
over 2013.7-9(%) over 2013.1-9(%)
Total operating income 385,972,306.91 -2.71% 1,160,884,560.10 -2.35%
Net profit attributable to parent
29,752,319.43 -0.54% 96,229,952.71 1.26%
company
Net profit attributable to parent
company after deducting 29,325,061.69 -1.19% 93,119,621.60 1.15%
non-recurring gains/losses
Net cash generated from operating
-- -- -17,394,248.71 -302.13%
activities
Basic earnings per share 0.09 0.00％ 0.27 0.00％
Diluted earnings per share 0.09 0.00％ 0.27 0.00％
Decrease 0.21
Decrease 0.09
Return on equity 1.52％ 5.01% percentage
percentage points
points
Amount from beginning of
Item of non-recurring gains and losses year to the end of report
period
Profit and loss from disposal of non-current assets 557,965.61
Government subsidies which were included in the current profits and losses 3,511,809.82
Other non-operating incomes and expenses except the above mentioned 46,009.31
Income tax effects 1,035,869.06
Minority equity interests effects (after tax) -30,415.43
Total 3,110,331.11
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2.2 Total number and particulars of the shareholders by the end of the report period
Total shareholders at the end of report
40,848
period
Shareholding of top ten shareholders
Number of pledged
Number of shares
Name Nature Proportion Total number
with sale restriction
shares or shares
frozen
Dalian Bingshan Group Co., Domestic non-state-owned legal
21.96% 76,855,683 19,213,921
Ltd. person
SANYO ELECTRIC CO
Foreign legal person 10.00% 35,001,500 0
LTD
Hunan Aier Eye Hospital Domestic non-state-owned legal
2.00% 7,003,469 0
Group Co., Ltd. person
BOCI SECURITIES
Foreign legal person 0.88% 3,090,654 0
LIMITED
Sun Huiming Domestic natural person 0.56% 1,959,911 0
Jiang Youchang Domestic natural person 0.55% 1,939,575 0
JOHCM INTERNATIONAL
SMALL CAP EQUITY Foreign legal person 0.48% 1,695,600 0
FUND
Lin Zhenming Foreign natural person 0.47% 1,640,000 0
Dalian Industrial
Domestic non-state-owned legal
Development Investment 0.46% 1,622,250 0
person
Company
Jiantou Zhongxin Assets Domestic non-state-owned legal
0.45% 1,575,000 0
Management Co., Ltd. person
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. 57,641,762 A
SANYO ELECTRIC CO LTD 35,001,500 B
Hunan Aier Eye Hospital Group Co., Ltd. 7,003,469 A
BOCI SECURITIES LIMITED 3,090,654 B
Sun Huiming 1,959,911 B
Jiang Youchang 1,939,575 A
JOHCM INTERNATIONAL SMALL CAP EQUITY
1,695,600 B
FUND
Lin Zhenming 1,640,000 B
Dalian Industrial Development Investment Company 1,622,250 A
Jiantou Zhongxin Assets Management Co., Ltd. 1,575,000 A
Dalian Bingshan Group Co., Ltd. had the association
Notes to the associated relationship and uniform relationship with Sanyo Electric Co., Ltd. among the above
actions of the above shareholders shareholders. Sanyo Electric Co., Ltd. holds 30% of Dalian
Bingshan Group Co., Ltd.'s equity.
Did the Company's shareholders conduct the agreed repurchase transactions in the reporting period?
□ Yes √ No
Information on the total number of preferred shareholders and the shares held by top ten preferred shareholders as
of the end of the reporting period
□ Yes √ No
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§3 Important Matters
3.1 Major changes in main financial items and indexes, and description of the cause
√ Applicable □ Inapplicable
1. Accounts receivable remarkably increased in comparison with the beginning of the year, mainly due to the
customer's financial strain, which prevented from its normal payback.
2. Accounts in advance remarkably increased in comparison with the beginning of the year, mainly due to the
advances for purchasing the equipment and for the project.
3. Dividend receivable remarkably increased in comparison with the beginning of the year, mainly due to increase
of undue dividend receivable.
4. Interest receivable remarkably increased in comparison with the beginning of the year, mainly due to the new
term-deposits in the reporting period.
5. Other receivables remarkably increased in comparison with the beginning of the year, mainly due to increase of
performance bonds.
6. Other current assets remarkably increased in comparison with the beginning of the year, mainly due to insurance
premium to be apportioned.
7. Accounts payable remarkably increased in comparison with the beginning of the year, mainly due to increase of
accounts payable for projects.
8. Taxes payable remarkably decreased in comparison with the beginning of the year, mainly due to payment of due
income tax in the reporting period.
9. Other current liabilities remarkably decreased in comparison with the beginning of the year, mainly due to
amortization of incomes in the reporting period.
10. Income tax expense remarkably decreased on a year-on-year basis from January to September, mainly due to
decrease of due income tax, leading to decrease of the corresponding income tax expense in the current period.
11. Minority shareholders' equity remarkably decreased on a year-on-year basis from January to September, mainly
due to decrease of the profit of subsidiary companies.
3.2 Analytic description of major matters, their influence and solutions
Applicable√ Inapplicable
3.3 Influence of new or revised Accounting Standards for Enterprises on the financial statements of the Company
1. According to the revised Accounting Standards for Enterprises No. 2 - Long-term Equity Investments, any
equity investment held by the Company, on which the Company had no control, joint control or significant
influence and which fair value could not be measured reliably, was recorded as financial assets available for sale
at its cost, not as long-term equity investments, and was adjusted by application of the retrospective adjustment
method. Change of the said accounting policies had influence on the monetary amounts of two statement items
only, i.e. financial assets available for sale and long-term equity investments, and no influence on the Company's
total assets, total amount of liabilities, net assets and net profits for the whole year of 2013 and the first half of
2014.For details of adjustment items, see the Announcement on Change of Accounting Policies of the Company.
2. According to the revised Accounting Standards for Enterprises No. 9 - Employee Compensation, the Company
re-evaluated the employee compensation arrangement and found no defined benefit plans.
3. According to the revised Accounting Standards for Enterprises No. 33 - Consolidated Financial Statements, the
Company re-evaluated the consolidation scope of consolidated financial statements and found no change in the
consolidation scope.
4. According to the new Accounting Standards for Enterprises No. 40 - Joint Venture Arrangements, the
Company re-evaluated the classification of joint venture arrangements and found no joint ventures re-classified as
joint operations.
5. Except for the above-mentioned items, the new or revised Accounting Standards for Enterprises had no other
significant influence on the financial statements of the Company.
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3.4 Undertaking matters for trial sales of state shares and implementation
√ Applicable □Inapplicable
Except the immature condition of being implementation for management share incentive scheme,
Dalian Bingshan Group Co., Ltd. strictly perform the commitment in share reform.
During the report period, Dalian Bingshan Group Co., Ltd. re-regulated the commitments as
follow: “Authorized Board of Daleng Gufen formulates and implements equity incentive and
restriction mechanism for the management in line with relevant policy and regulations of the
State, before 30 June 2016.”
3.5 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
3.6 Securities investment
□ Applicable √ Inapplicable
Shares holding of other listed companies
□ Applicable √ Inapplicable
3.7 Derivatives investment
□ Applicable √ Inapplicable
3.8 Table of investigation, communication, interview received
Date of Place of
Way of reception Guest received Main content of discussion
reception reception
Research fellow of
July 04, 2014 Company Field
Northeast Securities Information about the
Research fellow of Fortune fundamentals of the Company
July 15, 2014 Company Field
Securities
§4 Financial Report (attached)
Not audited.
Board of Directors of Dalian Refrigeration Co., Ltd.
October 21, 2014
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