Stock Code: 000530; 200530 Short Form of the Stock: Daleng Gufen; Daleng B No: 2017-042
DALIAN REFRIGERATION CO., LTD.
QUARTERLY REPORT FOR THIRD QUARTER, 2017
§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 compared
2016.12.31
item 2017.9.30 with previous year
Before adjustment After adjustment After adjustment
Total assets 5,548,758,563.21 4,983,511,574.26 5,095,986,440.32 8.88%
Owner's equity attributable to shareholders of
3,385,723,271.38 3,247,797,768.92 3,301,087,748.86 2.56%
listed companies
Increase/decrease
2017.7-9 2017.1-9 Increase/decrease over 2016.1-9
over 2016.7-9
Total operating income 461,323,140.51 1,463,701,858.01
-6.60% 10.49%
Net profit attributable to parent company 47,073,348.70 -28.78% 145,333,511.79 6.30%
Net profit attributable to parent company
after deducting non-recurring 47,499,687.40 18.72% 117,460,550.89 11.80%
gains/losses
Net cash generated from operating
-- -- -203,593,761.26 -215.17%
activities
Basic earnings per share 0.055 -31.25% 0.170 0.59%
Diluted earnings per share 0.055 -31.25% 0.170 0.59%
Weighted average return on net asset Decrease 0.99
1.40% 4.35% Decrease 0.68percentage points
yield percentage points
The Net profit attributable to parent company of the reporting period has significantly reduction over 2016.7-9,
mainly because the Non-operation revenue decreased. The same period last year, the Company purchasing 70%
equity of Dalian Sanyo Minghua Electric Co., Ltd ,the book net assets is much more than the investment return ,
the Non-operation revenue was 30.33 million yuan.
Amount from beginning of year to
Item of non-recurring gains and losses the end of report period
Profit and loss from disposal of non-current assets 1,408,722.03
Tax returned/reduced by chance 1,115.75
Government subsidies which were included in the current profits and losses 3,713,383.34
The income of investment from disposal of Finance asset held available for sales 27,467,019.93
Other non-operating incomes and expenses except the above mentioned 308,934.59
Income tax effects 5,008,374.57
Minority equity interests effects (after tax) 17,840.17
Total 27,872,960.90
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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 period 39,949
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. 19.96% 170,916,934 0
legal person
SANYO ELECTRIC CO LTD Foreign legal person 8.58% 73,503,150 0
Domestic non-state-owned
HUATAI securities co., ltd 2.20% 18,846,233 0
legal person
Domestic non-state-owned
ZHAOSHANG securities co., ltd 2.12% 18,189,814 0
legal person
Zheshang Juchao industry grow hybrid securities
Others 2.11% 18,109,511 0
investment fund
National Social Security Funds 104 Portfolio Others 1.31% 11,199,297 0
National Social Security Funds 503 Portfolio Others 0.96% 8,210,314 0
HEZHONG life insurance co., ltd Others 0.73% 6,219,672 0
Lin Zhenming Foreign natural person 0.72% 6,190,000 0
Sun Huiming Domestic natural person 0.66% 5,634,499 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
HUATAI securities co., ltd 18,846,233 A
ZHAOSHANG securities co., ltd 18,189,814 A
Zheshang Juchao industry grow hybrid securities investment fund 18,109,511 A
National Social Security Funds 104 Portfolio 11,199,297 A
National Social Security Funds 503 Portfolio 8,210,314 A
HEZHONG life insurance co., ltd 6,219,672 A
Lin Zhenming 6,190,000 B
Sun Huiming 5,634,499 B
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
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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. Monetary fund has declined significantly over that of year-beginning, mainly because fund-raise capital from
privately offering of A-share decreased after payment for fund-raised projects;
2. Dividend receivable has increased significantly over that of year-beginning, mainly because dividend receivable
which has not yet due increased;
3. Other current asset has declined significantly over that of year-beginning, mainly because amount transfer-in
from pending deduct VAT on purchase decreased;
4. Investment real estate has increased significantly over that of year-beginning, mainly due to the tranfer-in from
rental fixed assets and intangible assets;
5. Fixed asset has increased significantly over that of year-beginning, mainly because new construction in some
factories are transfer to fixed assets from construction in progress;
6. Construction in progress has declined significantly over that of year-beginning, mainly because new construction
in some factories are transfer to fixed assets from construction in progress;
7. Long-term un-amortized expense has increased significantly over that of year-beginning, mainly because new
loyalities to be amortized in the period in the period;
8. Short-term loans have increased significantly over that of year-beginning, mainly because debt of honour
increased in the period;
9. Wages payable has declined significantly over that of year-beginning, mainly because accrual year-end bonus for
year of 2016 has paid in first quarter of 2017;
10. Other account payable has increased significantly over that of year-beginning, mainly because payable account
for equity transfer to related party is not in payment period;
11. Deferred income has increased significantly over that of year-beginning, mainly because government grants
received in the period increased;
12. Taxes and surcharge has increased significantly on a y-o-y basis, mainly because the taxes in administration
expenses have adjsuted to taxes and surcharge according to the regulation;
13. Financial expenses have increased significantly on a y-o-y basis, mainly because interest expenses increased
with the growth of debt of honour in the period;
14. Non-operation revenue has decreased significantly on a y-o-y basis, mainly because at same period of last year,
we purchased 70% euqity of Dalian Sanyo Minghua Electric Co., Ltd., the book net assets are greater than
transferee price;
15. Net cash flow arising from operation activities have decreased significantly on a y-o-y basis, mainly because the
cash paid for good purchasement and receiving labor services in the period increased;
16. Net cash flow arising from financing activities have decreased significantly on a y-o-y basis, mainly because
raised-fund from privately offering of A-share increased at same period of last year, and the company received a
special 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 2017, 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
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. 6, 2017 Investors communication meetings Institution http://irm.cninfo.com.cn/ssessgs/S000530
July. 13, 2017 Field investigation Institution http://irm.cninfo.com.cn/ssessgs/S000530
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July. 19, 2017 Field investigation Institution http://irm.cninfo.com.cn/ssessgs/S000530
Aug.28,2017 Telephone communication Institution http://irm.cninfo.com.cn/ssessgs/S000530
Sep.8, 2017 Field investigation Institution http://irm.cninfo.com.cn/ssessgs/S000530
Sep.13, 2017 Field investigation Institution http://irm.cninfo.com.cn/ssessgs/S000530
Sep.25, 2017 Field investigation Institution http://irm.cninfo.com.cn/ssessgs/S000530
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
3.10 Performance of precise poverty alleviation social responsibility
(1) In the third quarter of 2017, the company joined hands with the controlling shareholders and continued to
implement the targeted poverty alleviation to the targeted poverty alleviation unit – Songlin Village,
Guangmingshan Town, Zhuanghe City.
(2) Follow-up targeted poverty alleviation plan
the company will continue to promote the targeted poverty alleviation work, combine with the government's
policy on poverty alleviation, and solve the site, road and traffic problems in poverty alleviation and the
reemployment of surplus labors.
Board of Directors of Dalian Refrigeration Co., Ltd.
October 25, 2017
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