Dalian Refrigeration Co., Ltd.
QUARTERLY REPORT FOR THIRD QUARTER,
2016
October, 2016
1
§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 Mr. Ma Yun 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
2016.9.30 2015.12.31
over 2015.12.31
Total assets 4,838,503,096.34 4,082,499,864.42 18.52%
Shareholder’s equity attributable to
3,152,517,387.71 2,647,609,091.41 19.07%
parent company
Increase/decrease Increase/decrease over
2016.7-9 2016.1-9
over 2015.7-9 2015.1-9
Total operating income 471,165,234.36 -2.76% 1,251,085,098.39 4.58%
Net profit attributable to parent
64,264,334.88 89.29% 131,751,621.72 32.51%
company
Net profit attributable to parent
company after deducting 38,183,454.01 12.68% 100,093,912.04 2.38%
non-recurring gains/losses
Net cash generated from operating
-- -- -58,428,984.60 64.69%
activities
Basic earnings per share 0.11 57.14% 0.23 21.05%
Diluted earnings per share 0.11 57.14% 0.23 21.05%
Increase 0.68 Decrease0.06
Return on equity 2.33%
percentage points
4.85%
percentage 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 -37,684.62
Tax returned/reduced by chance 1,232,868.14
Government subsidies which were included in the current profits and losses 5,563,711.00
The cost of investment that the Company acruring subsidiary,the associated and the
30,338,002.80
joint venture are less than the book net assets of the invested entity
Other non-operating incomes and expenses except the above mentioned 238,334.15
Income tax effects 5,627,202.14
Minority equity interests effects (after tax) 50,319.65
Total 31,657,709.68
2
2.2 Total number and particulars of the shareholders by the end of the report period
Total shareholders at the end of report period 39,898
Shareholding of top ten shareholders
Number of Number of
Name Nature Proportion Total number shares with pledged shares
sale restriction or shares frozen
Domestic non-state-owned
Dalian Bingshan Group Co., Ltd. 20.38% 122,083,524 0
legal person
SANYO ELECTRIC CO LTD Foreign legal person 8.77% 52,502,250 0
Industrial Securities Golden Kylin No. 2 Collective
Others 2.85% 17,063,257 7,280,081
Asset Management Plan
National Social Security Funds 104 Portfolio Others 1.35% 8,100,000 5,864,510
National Social Security Funds 503 Portfolio 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
Lin Zhenming Foreign natural person 0.74% 4,410,050 0
China Everbright Bank Yangguang Dingzeng Portfolio
Others 0.70% 4,165,041 3,033,367
Asset Management Plan
Sun Huiming Domestic natural person 0.62% 3,724,449 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. 122,083,524 A
SANYO ELECTRIC CO LTD 52,502,250 B
Industrial Securities Golden Kylin No. 2 Collective Asset Management Plan 9,783,176 A
Lin Zhenming 4,410,050 B
Sun Huiming 3,724,449 B
Peng Hua reform dividend equity securities investment fund 3,638,357 A
China Life Insurance Company Ltd-dividend-individual dividend-005L-FH002SHEN 3,082,364 A
Manufacturing Excellence equity securities investment fund of China International Fund
2,610,445 A
Management
Dalian City Industrial Investment Co., Ltd. 2,433,375 A
National Social Security Funds 104 Portfolio 2,235,490 A
Dalian Bingshan Group Co., Ltd. had the
association relationship with Sanyo Electric
Notes to the associated relationship and uniform actions of the above shareholders Co., Ltd. among the above shareholders.
Sanyo Electric Co., Ltd. holds 26.6% 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
3
§3 Important Matters
3.1 Major changes in main financial items and indexes, and description of the cause
√ Applicable □ Inapplicable
1. Monetary fund is markedly increased over that of year-begin, mainly due to the money are raised in the Period
for privately offering of A-share;
2. Account paid in advance is markedly increased over that of year-begin, mainly because the account paid in
advance for equipment increased in the Period;
3. Dividend receivable is markedly increased over that of year-begin, mainly undue dividend receivable increased
in the Period;
4. Other account receivable is markedly increased over that of year-begin, mainly because bid bond increased in the
Period;
5. Construction in progress is markedly increased over that of year-begin, mainly because construction of new
factories increased in the Period;
6. Short-term loans has significantly reduction over that of year-begin, mainly due to the debt repayment in the
Period;
7. Account received in advance is markedly increased over that of year-begin, mainly because account of order
received in advance increased in the Period;
8. Wages payable has significantly reduction over that of year-begin, mainly because the wages accural in end of
last period have paid in the Period;
9. Long-term loan is markedly increased over that of year-begin, mainly because carried out specific fund loans
from CDB Development Fund in the Period;
10. Capital reserve is markedly increased over that of year-begin, mainly due to the stock premium of privately
offering of A-share in the Period recognized;
11. Financial expenses is clearly increased from a year earlier, mainly because the decline of fixed term deposit in
the Period;
12. Assets impairment loss is clearly increased from a year earlier, mainly because the bad debt provision of the
account receivable accural in the Period increased;
13. Investment earning is clearly increased from a year earlier, mainly because more investment income from
financial assets available for sale in the period, and the profit from associated company- Dalian Fuji Bingshan
Vending Machine Co., Ltd. increased in the period;
14. Non-operation revenue is markedly increased from a year earlier, mainly because purchasing 70% equity of
Dalian Sanyo Minghua Electric Co., Ltd.in the Period ,the book net assets is much more than the investment
return ;
15. Net cash flow arising from operation activity is markedly increased from a year earlier, mainly because more
cash received from sales of goods in the Period;
16. Net cash flow arising from financing activity is clearly increased from a year earlier, mainly because the money
raised from privately offering of A-share increased in the period, and received a specific fund from CDB
Development Fund.
3.2 Analytic description of major matters, their influence and solutions
Applicable√ Inapplicable
3.3 Commitments of the Company or its shareholders holding 5% or higher of the shares in the reporting period or
carried to the reporting period
Applicable√ Inapplicable
3.4 Precautions on forecasting of 2016, 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 Securities investment
√Applicable □ Inapplicable
4
Proportion of share
Amount of primary Quantity (Shares) Book value at the
Name of object held equity in that Profit and loss within period
investment held end of period
company
Guotai Junan
30,098,895.00 30,098,895 0.39% 533,954,397.30 0.00
Secunities Co., Ltd
Total 30,098,895.00 30,098,895 - 559,839,447.00 0.00
3.6 Derivative investment
□ Applicable √ Not applicable
During the reporting period, the Company does not exist derivative investment.
3.7Table of investigation, communication, interview received
Receiving time Way of receiving Received object type Basic situation index
July. 21, 2016 Field investigation Institution http:// www.cninfo.com.cn
Sep.08, 2016 Field investigation Institution http:// www.cninfo.com.cn
Sep.14, 2016 Field investigation Institution http:// www.cninfo.com.cn
3.8 Violation of guaranty
□ Applicable √ Not applicable
3.9 Non-operation capital occupation by holding shareholders and their related parties in the listed company
□ Applicable √ Not applicable
§4 Financial Report (attached)
Not audited.
Board of Directors of Dalian Refrigeration Co., Ltd.
October 27, 2016
5
BALANCE SHEET
Prepared by Dalian Refrigeration Co., Ltd. September30, 2016 Unit: RMB Yuan
30-Sep-2016 31-Dec-2015
Assets
Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 616,088,857.38 443,987,562.46 244,789,824.53 149,314,329.13
Financial assets which are measured by fair value and
which changes are recorded in current profit and loss
Derivative financial assets
Notes receivable 55,565,181.11 17,105,154.24 71,699,517.68 40,690,578.22
Accounts receivable 863,763,259.65 185,208,833.86 671,423,836.87 196,691,940.87
Accounts in advance 169,777,382.16 100,017,397.30 44,218,887.91 22,523,974.19
Interest receivables
Dividend receivable 18,800,000.00 18,800,000.00 44,600.00
Other receivables 39,439,125.78 56,999,361.87 22,755,328.21 43,691,612.45
Inventories 332,591,504.46 136,847,068.68 259,099,149.47 122,212,395.56
Assets held for sale
Non-current asset due within one year
Other current assets 21,035,535.44 11,643,306.07 16,478,711.86 7,918,692.08
Total current assets 2,117,060,845.98 970,608,684.48 1,330,509,856.53 583,043,522.50
Non-current assets:
Finance asset held available for sales 547,866,055.89 546,550,913.39 733,275,249.09 731,960,106.59
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 1,277,426,421.95 1,680,179,134.56 1,220,367,767.73 1,460,958,799.28
Investment property 24,039,090.25 24,039,090.25 24,497,584.00 24,497,584.00
Fixed assets 431,341,241.28 229,122,045.47 449,907,430.32 246,435,789.69
Construction in progress 254,921,583.32 226,633,994.07 137,025,384.58 109,277,419.44
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 155,969,448.08 88,918,469.84 158,417,802.57 90,015,524.05
Expense on Research and Development
Goodwill 1,750,799.49 1,440,347.92
Long-term expenses to be apportioned 4,750,852.46 3,951,901.82 5,857,504.95 5,033,031.30
Deferred income tax asset 23,376,757.64 8,138,507.63 21,200,936.73 8,675,787.57
Other non-current asset
Total non-current asset 2,721,442,250.36 2,807,534,057.03 2,751,990,007.89 2,676,854,041.92
Total assets 4,838,503,096.34 3,778,142,741.51 4,082,499,864.42 3,259,897,564.42
6
BALANCE SHEET (CONTINUED)
Prepared by Dalian Refrigeration Co., Ltd. September 30, 2016 Unit: RMB Yuan
30-Sep-2016 31-Dec-2015
Liabilities and shareholders’ equity
Consolidation Parent Company Consolidation Parent Company
Current liabilities:
Short-term loans 55,000,000.00 82,600,000.00 27,600,000.00
Derivative financial liabilities
Notes payable 171,779,171.10 71,127,327.45 234,189,011.72 177,683,261.74
Accounts payable 859,461,296.72 330,609,975.72 660,398,503.26 293,389,981.61
Accounts received in advance 117,719,064.93 43,167,027.23 70,458,014.46 25,768,511.15
Wage payable 30,399,912.87 1,504,240.03 51,857,345.29 11,208,398.45
Taxes payable 14,146,808.52 813,746.48 15,701,578.36 873,038.30
Interest payable
Dividend payable 863,516.60 533,156.00 533,156.00 533,156.00
Other accounts payable 89,996,817.62 54,299,689.09 99,890,290.15 55,807,703.77
Liabilities held for sale
Non-current liabilities due within one year
Other current liabilities
Total current liabilities 1,339,366,588.36 502,055,162.00 1,215,627,899.24 592,864,051.02
Non-current liabilities:
Long-term loans 160,000,000.00 160,000,000.00
Bonds payable
Long-term account payable
Long-term wage payable
Special accounts payable
Projected liabilities
Deferred income 48,129,045.00 3,290,542.00 49,378,296.00 3,704,296.00
Deferred income tax liabilities 75,815,650.08 75,815,650.08 103,627,029.06 103,627,029.06
Other non-current liabilities
Total non-current liabilities 283,944,695.08 239,106,192.08 153,005,325.06 107,331,325.06
Total liabilities 1,623,311,283.44 741,161,354.08 1,368,633,224.30 700,195,376.08
Shareholders’ equity
Share capital 598,892,558.00 598,892,558.00 360,164,975.00 360,164,975.00
Other equity instruments
Capital public reserve 958,311,556.12 971,739,943.41 630,264,991.95 640,764,783.03
Specialized reserve 39,503,800.00 39,503,800.00 39,503,800.00 39,503,800.00
Other comprehensive income 432,387,142.96 431,161,376.21 589,988,118.05 588,759,190.43
Special preparation
Surplus public reserve 605,974,732.67 605,974,732.67 580,769,740.16 580,769,740.16
Retained profit 596,455,197.96 468,716,577.14 525,925,066.25 428,747,299.72
Translation of foreign currency capital
Total owner’s equity attributable to parent 3,152,517,387.71 3,036,981,387.43 2,647,609,091.41 2,559,702,188.34
company
Minority interests 62,674,425.19 66,257,548.71
Total owner’s equity 3,215,191,812.90 3,036,981,387.43 2,713,866,640.12 2,559,702,188.34
Total liabilities and shareholder’s equity 4,838,503,096.34 3,778,142,741.51 4,082,499,864.42 3,259,897,564.42
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua
7
INCOME STATEMENT
Prepared by Dalian Refrigeration Co., Ltd. July-September, 2016 Unit: RMB Yuan
July-September, 2016 July-September, 2015
Items
Consolidation Parent Company Consolidation Parent Company
I. Total sales 471,165,234.36 131,345,751.20 484,517,139.92 137,333,299.33
Including: Operating income 471,165,234.36 131,345,751.20 484,517,139.92 137,333,299.33
II. Total operating cost 475,002,431.22 144,650,331.51 487,364,826.99 140,873,745.54
Including: Operating cost 398,780,039.75 117,423,132.93 420,783,593.77 117,201,700.41
Taxes and associate charges 2,538,292.81 15,518.60 3,501,983.46 898,251.43
Selling and distribution expenses 21,718,678.95 224,969.56 20,789,282.82 274,356.82
Administrative expenses 49,278,216.74 27,135,839.31 43,700,834.60 24,929,954.53
Financial expense 444,629.65 -108,185.43 656,303.53 -430,145.55
Impairment loss 2,242,573.32 -40,943.46 -2,067,171.19 -2,000,372.10
Add: Gain/(loss) from change in fair value
Gain/(loss) from investment 36,811,863.28 37,119,153.99 37,709,495.64 37,709,495.64
Including: income form investment on affiliated
36,808,702.41 36,808,702.41 37,709,495.64 37,709,495.64
enterprise and jointly enterprise
III. Operating profit 32,974,666.42 23,814,573.68 34,861,808.57 34,169,049.43
Add: non-business income 31,294,108.78 280,130.24 637,068.61 265,068.75
Including: profit from non-current asset disposal 92,212.24 92,212.24 99,868.85 98,586.81
Less: non-business expense 156,990.62 4,744.75 177,867.37 48,927.87
Including: loss from non-current asset disposal 4,744.75 4,744.75 111,667.37 48,927.87
IV. Total profit 64,111,784.58 24,089,959.17 35,321,009.81 34,385,190.31
Less: Income tax -1,008,119.92 -452,377.27 1,082,399.41 -248,517.58
V. Net profit 65,119,904.50 24,542,336.44 34,238,610.40 34,633,707.89
Net profit attributable to parent company 64,264,334.88 24,542,336.44 33,950,019.32
Minority shareholders’ gains and losses 855,569.62 288,591.08
VI. After-tax net amount of other comprehensive
-1,282,363.91 -1,279,203.04 -402,693,116.20 -402,693,116.20
incomes
After-tax net amount of other comprehensive
-1,282,363.91 -1,279,203.04 -402,693,116.20 -402,693,116.20
incomes attributable to owners of the Company
(I) Other comprehensive incomes that will not be
reclassified into gains and losses
1. Changes in net liabilities or assets with a defined
benefit plan upon re-measurement
2. Enjoyable shares in other comprehensive
incomes in investees that cannot be reclassified
into gains and losses under the equity method
……
(II) Other comprehensive incomes that will be
-1,282,363.91 -1,279,203.04 -402,693,116.20 -402,693,116.20
reclassified into gains and losses
1. Enjoyable shares in other comprehensive
incomes in investees that will be reclassified into -3,160.87
gains and losses under the equity method
2. Gains and losses on fair value changes of
-1,279,203.04 -1,279,203.04 -402,693,116.20 -402,693,116.20
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. Other
……
8
After-tax net amount of other comprehensive
incomes attributable to minority shareholders
VII Total comprehensive income 63,837,540.59 23,263,133.40 -368,454,505.80 -368,059,408.31
Total comprehensive income attributable to parent
62,981,970.97 23,263,133.40 -368,743,096.88 -368,059,408.31
company
Total comprehensive income attributable to
855,569.62 288,591.08
minority shareholders
VIII. Earnings per share
(I) basic earnings per share 0.11 0.07
(II) diluted earnings per share 0.11 0.07
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua
9
INCOME STATEMENT
Prepared by Dalian Refrigeration Co., Ltd. January-September, 2016 Unit: RMB Yuan
January -September, 2016 January -September, 2015
Items
Consolidation Parent Company Consolidation Parent Company
I. Total sales 1,251,085,098.39 451,914,824.08 1,196,257,482.05 437,208,470.42
Including: Operating income 1,251,085,098.39 451,914,824.08 1,196,257,482.05 437,208,470.42
II. Total operating cost 1,267,232,710.74 470,745,784.51 1,179,887,470.77 433,001,622.85
Including: Operating cost 1,031,976,617.66 385,895,600.37 983,130,991.69 364,524,656.13
Taxes and associate charges 8,896,009.23 1,004,749.66 8,968,843.82 2,058,444.13
Selling and distribution expenses 59,991,067.32 1,382,334.99 56,116,603.40 1,780,870.14
Administrative expenses 149,836,919.02 82,010,755.22 132,437,938.00 76,620,780.14
Financial expense 3,358,118.93 72,383.00 -1,175,019.92 -4,381,107.25
Impairment loss 13,173,978.58 379,961.27 408,113.78 -7,602,020.44
Add: Gain/(loss) from change in fair value
Gain/(loss) from investment 113,754,176.87 113,807,294.70 86,102,577.16 90,018,361.55
Including: income form investment on affiliated
97,789,590.60 97,789,590.60 85,792,577.16 85,792,577.16
enterprise and jointly enterprise
III. Operating profit 97,606,564.52 94,976,334.27 102,472,588.44 94,225,209.12
Add: non-business income 39,022,336.71 6,821,705.97 3,405,580.68 2,308,891.02
Including: profit from non-current asset disposal 156,496.80 110,846.80 128,736.91 108,394.50
Less: non-business expense 441,015.11 69,992.87 182,333.07 49,365.05
Including: loss from non-current asset disposal 194,181.42 9,992.87 114,061.70 49,365.05
IV. Total profit 136,187,886.12 101,728,047.37 105,695,836.05 96,484,735.09
Less: Income tax 3,150,274.94 537,279.94 6,774,044.72 860,195.69
V. Net profit 133,037,611.18 101,190,767.43 98,921,791.33 95,624,539.40
Net profit attributable to parent company 131,751,621.72 101,190,767.43 99,427,795.31 95,624,539.40
Minority shareholders’ gains and losses 1,285,989.46 -506,003.98
VI. After-tax net amount of other comprehensive
-157,600,975.09 -157,597,814.22 450,279,469.20 450,279,469.20
incomes
After-tax net amount of other comprehensive
-157,600,975.09 -157,597,814.22 450,279,469.20 450,279,469.20
incomes attributable to owners of the Company
(I) Other comprehensive incomes that will not be
reclassified into gains and losses
1. Changes in net liabilities or assets with a defined
benefit plan upon re-measurement
2. Enjoyable shares in other comprehensive
incomes in investees that cannot be reclassified
into gains and losses under the equity method
……
(II) Other comprehensive incomes that will be
-157,600,975.09 -157,597,814.22 450,279,469.20 450,279,469.20
reclassified into gains and losses
1. Enjoyable shares in other comprehensive
incomes in investees that will be reclassified into -3,160.87
gains and losses under the equity method
2. Gains and losses on fair value changes of
-157,597,814.22 -157,597,814.22 450,279,469.20 450,279,469.20
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. Other
10
……
After-tax net amount of other comprehensive
incomes attributable to minority shareholders
VII Total comprehensive income -24,563,363.91 -56,407,046.79 549,201,260.53 545,904,008.60
Total comprehensive income attributable to parent
-25,849,353.37 -56,407,046.79 549,707,264.51 545,904,008.60
company
Total comprehensive income attributable to
1,285,989.46 -506,003.98
minority shareholders
VIII. Earnings per share
(I) basic earnings per share 0.23 0.19
(II) diluted earnings per share 0.23 0.19
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua
11
CASH FLOW STATEMENT
Prepared by Dalian Refrigeration Co., Ltd. January -September, 2016 Unit: RMB Yuan
January -September, 2016 January -September, 2015
Items
Consolidation Parent Company Consolidation Parent Company
I. Cash flows arising from operating
activities:
Cash received from selling commodities and
941,258,182.98 415,890,050.33 705,530,904.18 235,167,501.06
providing labor services
Write-back of tax received 1,416,067.05 1,014,804.39
Other cash received concerning operating
34,232,055.09 18,123,710.76 32,798,752.72 13,592,040.85
activities
Subtotal of cash inflow arising from
976,906,305.12 434,013,761.09 739,344,461.29 248,759,541.91
operating activities
Cash paid for purchasing commodities and
617,596,009.27 295,254,192.60 514,565,130.95 255,988,967.87
receiving labor service
Cash paid to/for staff and workers 230,515,361.16 96,068,745.13 217,652,392.17 93,059,208.37
Taxes paid 90,120,394.60 16,138,350.04 67,269,580.79 19,676,306.81
Other cash paid concerning operating
97,103,524.69 32,101,823.35 105,325,309.12 25,052,782.78
activities
Subtotal of cash outflow arising from
1,035,335,289.72 439,563,111.12 904,812,413.03 393,777,265.83
operating activities
Net cash flows arising from operating
-58,428,984.60 -5,549,350.03 -165,467,951.74 -145,017,723.92
activities
II. Cash flows arising from investing
activities:
Cash received from recovering investment 2,670,375.54
Cash received from investment income 63,377,286.07 63,643,137.65 44,287,857.89 44,287,857.89
Net cash received from disposal of fixed,
1,374,310.00 1,328,170.00 61,775.00 5,580.00
intangible and other long-term assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning investing
activities
Subtotal of cash inflow from investing
64,751,596.07 67,641,683.19 44,349,632.89 44,293,437.89
activities
Cash paid for purchasing fixed, intangible
242,051,948.08 233,872,176.27 43,816,939.11 26,594,266.90
and other long-term assets
Cash paid for investment 55,615,021.94 167,200,750.09 217,280,862.91 219,993,697.06
Net cash received from payment of
-20,156,006.67 21,535,918.03
subsidiaries and other business units
Other cash paid concerning investing
activities
Subtotal of cash outflow from investing
277,510,963.35 422,608,844.39 261,097,802.02 246,587,963.96
activities
Net cash flows arising from investing
-212,759,367.28 -354,967,161.20 -216,748,169.13 -202,294,526.07
activities
III. Cash flows arising from financing
activities
Cash received from absorbing investment 563,935,054.34 563,445,054.34 60,434,000.00 56,434,000.00
Including: Cash received from absorbing
minority shareholders' equity investment by 490,000.00 4,000,000.00
subsidiaries
Cash received from loans 296,400,000.00 240,000,000.00 69,940,000.00
Other cash received concerning financing
20,710,827.68 720,332.73 32,953,876.63 16,145,665.64
activities
Subtotal of cash inflow from financing
881,045,882.02 804,165,387.07 163,327,876.63 72,579,665.64
activities
Cash paid for settling debts 175,200,000.00 107,600,000.00 55,840,000.00
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Cash paid for dividend and profit distributing
41,227,843.03 37,248,332.24 57,638,856.90 54,193,319.61
or interest paying
Including: dividends or profit paid by
392,000.00
subsidiaries to minority shareholders
Other cash paid concerning financing
7,464,999.44 3,430,000.00 7,984,046.41 3,955,118.55
activities
Subtotal of cash outflow from financing
223,892,842.47 148,278,332.24 121,462,903.31 58,148,438.16
activities
Net cash flows arising from financing
657,153,039.55 655,887,054.83 41,864,973.32 14,431,227.48
activities
IV. Influence on cash due to fluctuation in
-1,456,191.79 -22,115.29 -204,633.72 -280,063.14
exchange rate
V. Net increase of cash and cash equivalents 384,508,495.88 295,348,428.31 -340,555,781.27 -333,161,085.65
Add: Balance of cash and cash equivalents at
221,724,134.60 147,439,134.15 482,086,551.18 391,427,532.25
the period -begin
VI. Balance of cash and cash equivalents at
606,232,630.48 442,787,562.46 141,530,769.91 58,266,446.60
the period–end
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua
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