Stock Code: 000530; 200530 Short Form of the Stock: Daleng Gufen; Daleng B; No: 2016-056
Dalian Refrigeration Co., Ltd.
2016 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 of securities
Contact persons Secretary of the Board of Directors
affairs
Name Song Wenbao Du Yu
DALENG GUFEN Securities and Legal
Securities & Legal Affairs Department, No. 888,
Contact address Affairs Department, No. 888, Xinan Road,
Xinan Road, Shahekou District, Dalian
Shahekou District, Dalian
Telephone 0411-86538130 0411-86538822
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
item 2016.01-06 2015.01-06 with previous period
Operating revenue 779,919,864.03 711,740,342.13 9.58%
Net profit attributable to shareholders of listed companies 67,487,286.84 65,477,775.99 3.07%
Net profit belonging to the shareholders of listed companies
61,910,458.03 63,880,328.51 -3.08%
after the deduction of non-recurring profit and loss
Net cash flow from operating activities -43,212,032.40 -130,589,921.37 66.91%
Basic earning per share 0.12 0.12 0.00%
Diluted earnings per share 0.12 0.12 0.00%
Weighted average return on net asset yield 2.52% 3.26% Decrease 0.74 percentage points
Increase/decrease compared with
2016.6.30 2015.12.31
2015.12.31
Total assets 4,818,332,657.93 4,082,499,864.42 18.02%
Owner's equity attributable to shareholders of listed
3,085,362,538.04 2,647,609,091.41 16.53%
companies
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2.2 Statement of shares held by the top ten common shareholders
Total number of shareholders in the reporting period 35,680
Shareholding of top ten shareholders
Number of Number of
shares with pledged
Name Nature Proportion Total number
sale shares or
restriction shares frozen
Domestic non-state-owned
Dalian Bingshan Group Co., Ltd. 20.38% 122,083,524 28,820,881
legal person
Sanyo Electric Co., Ltd. Overseas legal person 8.77% 52,502,250 0
Industrial Securities Golden Kylin No. 2 Collective Asset
Others 2.78% 16,678,116 7,280,081
Management Plan
National Social Security Funds 107 Portfolio Others 2.03% 12,172,406 0
Chen Baohua Domestic natural person 1.55% 9,287,598 0
National Social Security Funds 104 Portfolio Others 1.38% 8,264,467 5,864,510
National Social Security Funds 503Portfolio Others 0.98% 5,864,510 5,864,510
Zhejiang Caitong Capital Co., Ltd - Caitong Capital
Others 0.98% 5,864,509 5,864,509
Kunze No. 2 Securities vInestment Fund
Shenzhen B & D Capital Fengnian Jinjia No. 1 Fund Others 0.98% 5,864,509 5,864,509
China Everbright Bank Yangguang Dingzeng Portfolio
Others 0.70% 4,165,041 3,307,360
Asset Management Plan
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
§3 Discussion and analysis of the management
In first half year of 2016, the Company took “innovation, improvement and promotion” as the
subject, kept a firm grasp on innovation-driven and integration of industry & finance, brought
forth new ideas in the industrial development model, intensified technical products research,
strengthened the removal & reconstruct as a whole, accelerated capital resources integration, sped
up management improvement, enhanced the competitiveness, raised operating efficiency, and
made efforts to achieve the main operation targets. In the first half year of 2016, the Company
achieved operation revenue of RMB 779.92 million, increased 9.58% on a y-o-y basis; and
achieved total profit of RMB 72.08 million, increased 2.42% on a y-o-y basis.
In reporting period, the Company continued to deepen the construction of engineering platform
and service platform. The engineering platform-Dalian Bingshan Group Engineering Co., Ltd.
started off to improving the qualification and increasing capital, proactive in innovation of
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marketing model, laid stress on the integrated solutions, continued to expand its CO2 cooling
system market, and the orders increased greatly on a y-o-y basis. The service platform–Bingshan
Technology Service (Dalian) Co., Ltd. has its ERP system officially launched, the remote
monitoring users grew rapidly, service standardization promoted efficiently and the service
industrilization expanded step by step.
In reporting period, the Company vigorously promoted the R&D of new products as well as the
market expansion with parent company and Wuxin Refirgeration. The petrifaction screw
compressor, CO2 screw compressor unit, falling-film semi-closed screw liquid chiller and CO2
evaporator condenser have completed design and commercialization. The systemic technology of
marine screw compressor has reached the domestic leading level through the prototype appraisal
of new products and technology. The Wuxing Refrigeration’s ORC screw expansion generator
unit has entered the serialization promotion stage, completed sales of 5 types of units; the steam
screw expansion generator unit in the market introduction phase and finished sales of 2 types of
units; the pressure energy recovery device for natural gas pipeline network has installed in user
site; the exemplary base for new products in all around China has distributed basically completed.
In reporting period, removal and reconstruct of the Company has carried out in an orderly manner.
According to the plan of intelligent manufacturing, the Company further optimized the process
layout and process scheme in the new factory district. Privately offering was implemented
smoothly for guarantee the capital requirement of removal and reconstruction. The intelligent new
factory construction was implemented smoothly, key projects as the performance test room and
heat&cold energy station in new factory have implemented efficiently. The removal plans and
capacity reserve program before removal have completed and implemented step by step.
In reporting period, the Company continued to integrated the capital resources. Purchased 70%
shares of Sanyo Meica, and turned Sanyo Meica-the associated company to wholly-owned
subsidiary, improving the intelligent level of the Company’s products; acquired 5% shares of
Bingshan Ryosetsu and increased its capital, turned Bingshan Ryosetsu–the controlling subsidiary
to wholly-owned subsidiary, creating a manufacturing base of cryogenic quick freezers for the
Company; established an associated company Panasonic Appliances Refrigeration, offering an
integrated solutions of Fluorine cold chain system for clients, and satisfied the rapidly needs of
hypothermia logistic market in China.
In reporting period, the associated company Panasonic Compressor successfully exploited the
air-conditioner market in field of rail transit, continuously enlarged the sales of horizontal scroll
compressor for electric motor coach used; actively developed the foreign market in laying
emphasis on India and North America; participated in the national standard setting of the AC
compressor for electric-mobile used, and honored the second prize of national management
modern innovation achievement.
In reporting period, the associated company Panasonic Cold Chain complied with the
requirements changed, proactively developed the segment Blue Ocean market; created a new
model of selective retailling with Zhengda Group Warehouse Club, and co-operated with
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Neighborhood Convenience Store to create a tiny and cosy customer experience; actively
developed new business of logistics distribution and biomedical and rapidly promoted.
In reporting period, the associated company Dalian Fuji Bingshan fully realized the update
intellectually for products, the non-cash payment and remote control system came to a standard
configuration, sales revenue and net profit continued to growth greatly. New machine of mini
intelligent machine and liquor machine were put on the market. Sales of vending machine have
already surpassed 100,000 since established from 2003.
§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
The Company’s 15th meeting of the 6th session of the Board of directors decided the Company’s
subsidiary Dalian Bingshan Ryosetsu Quick Freezing Equipment Co., Ltd . to merge the original
wholly-owned subsidiary Dalian Bingshan Metal Processing Co., Ltd. The base date of merger
was December 31, 2014, and Dalian Bingshan Ryosetsu Quick Freezing Equipment Co.,
Ltd.became the surviving corporation after the merger. Up to June 30, 2016, above-mentioned
changes have been completed, and the Company’s shareholding ratio is changed to 95%.
Therefore, in the current consolidated statements, one consolidation subject Dalian Bingshan
Metal Processing Co., Ltd. would be removed.
Dalian Universe Thermal Technology Co., Ltd. formerly known as Dalian Sanyo Efficient
Refrigeration System Co., Ltd. has changed its name to be Dalian Universe Thermal Technology
Co., Ltd. on May 3, 2016.
4.4 Explanation of the Board of Directors to the “Non-standardized Opinion”
□Applicable √Inapplicable
Board of Directors of Dalian Refrigeration Co., Ltd.
August 26, 2016
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