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
Short form of the stock DALENG GUFEN; DALENG-B
Stock code 000530; 200530
Listed stock exchange Shenzhen Stock Exchange
Authorized representative in charge
Contact persons Secretary of the Board of Directors
of securities affairs
Name Song Wenbao Song Wenbao (proxy)
DALENG GUFEN Securities and DALENG GUFEN Securities and
Contact address Legal Affairs Department, No. 888, Legal Affairs Department, No. 888,
Xinan Road, Shahekou District, Dalian 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
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
listed companies after the deduction of 63,880,328.51 63,794,559.91 63,794,559.91 0.13%
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 with
2014.12.31
2015.6.30 2014.12.31
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
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
Domestic non-state-owned legal
Dalian Bingshan Group Co., Ltd. 21.34% 76,855,683 19,213,921
person
Sanyo Electric Co., Ltd. Overseas legal person 9.72% 35,001,500 0
Lion flexible configuration hybrid securities investment
Others 1.76% 6,350,263 0
fund
Fu Guo Zhong Zheng Reform of state owned enterprise
Others 1.53% 5,523,854 0
index Classification Securities Investment Fund
Domestic non-state-owned legal
Tibet Aier Medical Investment Co., Ltd 1.10% 3,965,000 0
person
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
Domestic non-state-owned legal
Dalian City Industrial Investment Co., Ltd. 0.45% 1,622,250 0
person
JOHCM INTERNATIONAL SMALL CAP EQUITY
Overseas legal person 0.41% 1,470,786 0
FUND
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.
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§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, representing
91.66% of the operation goals for first half of 2015, with a y-o-y decrease of 8.15%; total profit
achieved 70.37 million Yuan, realizing the operation goals for first half of 2015, with a y-o-y
decrease of 3.70%.
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 of internet+, escort for the food security.
During the reporting period, based on growth and profitability, the Company accelerated the
integration of capital and resources. Acquired 49% equity of Wuxin Refrigeration, turning Wuxin
Refrigeration as the wholly-owned subsidiary from controlling subsidiary, implementing one
operation, and creating differentiated products; acquired 30% 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
technology R&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.
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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
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