Dalian Refrigeration Co., Ltd.
QUARTERLY REPORT FOR THIRD QUARTER,
2017
October, 2017
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 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
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 39,949
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
3
§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
4
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.
§4 Financial Report (attached)
Not audited.
Board of Directors of Dalian Refrigeration Co., Ltd.
October 25, 2017
5
BALANCE SHEET
Prepared by Dalian Refrigeration Co., Ltd. September30, 2017 Unit: RMB Yuan
30-Sep-2017 31-Dec-2016
Assets
Consolidation Parent Company Consolidation Parent Company
Current assets: 498,472,064.88 347,093,428.58 715,215,638.54 496,417,106.54
Monetary funds
Financial assets which are measured by fair value and
which changes are recorded in current profit and loss
Derivative financial assets
Notes receivable 126,462,187.73 59,316,212.01 126,408,249.59 90,509,540.07
Accounts receivable 977,410,445.06 245,940,937.79 807,109,959.54 117,575,405.74
Accounts in advance 138,388,679.82 68,333,561.09 108,033,313.10 96,269,883.15
Interest receivables 723,955.56 723,955.56
Dividend receivable 19,800,000.00 19,800,000.00 39,025.00
Other receivables 60,426,649.71 5,648,650.17 57,257,456.57 4,368,505.07
Inventories 401,726,404.28 158,318,466.94 349,538,424.06 151,230,744.47
Assets held for sale
Non-current asset due within one year
Other current assets 26,649,414.16 15,643,114.18 43,254,044.92 30,563,139.06
Total current assets 2,249,335,845.64 920,094,370.76 2,207,580,066.88 987,658,279.66
Non-current assets:
Finance asset held available for sales 600,060,757.44 598,745,614.94 545,565,116.64 544,249,974.14
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 1,552,642,151.30 2,030,202,620.00 1,292,912,901.49 1,713,412,501.09
Investment property 92,159,754.39 87,450,744.27 28,605,652.94 28,605,652.94
Fixed assets 749,937,133.59 515,223,092.42 511,008,545.87 274,262,264.28
Construction in progress 130,505,386.39 117,613,249.04 321,646,676.78 320,329,247.78
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 133,348,743.11 72,197,729.64 154,714,212.52 88,113,279.88
Expense on Research and Development
Goodwill 1,750,799.49 1,750,799.49
Long-term expenses to be apportioned 10,655,095.05 9,823,351.21 4,448,719.77 3,658,276.80
Deferred income tax asset 28,362,896.81 7,036,499.35 27,753,747.94 6,751,619.50
Other non-current asset
Total non-current asset 3,299,422,717.57 3,438,292,900.87 2,888,406,373.44 2,979,382,816.41
Total assets 5,548,758,563.21 4,358,387,271.63 5,095,986,440.32 3,967,041,096.07
6
BALANCE SHEET (CONTINUED)
Prepared by Dalian Refrigeration Co., Ltd. September 30, 2017 Unit: RMB Yuan
30-Sep-2017 31-Dec-2016
Liabilities and shareholders’ equity
Consolidation Parent Company Consolidation Parent Company
Current liabilities:
Short-term loans 306,139,700.00 230,000,000.00 45,000,000.00
Derivative financial liabilities
Notes payable 189,561,041.34 94,429,979.75 194,562,734.79 85,834,371.87
Accounts payable 900,164,546.01 264,954,218.40 857,725,428.48 340,987,669.38
Accounts received in advance 110,431,193.65 33,974,149.03 150,098,892.29 74,949,113.25
Wage payable 31,622,999.61 1,735,954.54 50,256,392.86 9,796,460.53
Taxes payable 13,072,765.83 1,321,376.84 18,405,089.48 1,234,137.19
Interest payable
Dividend payable 863,516.60 533,156.00 863,516.60 533,156.00
Other accounts payable 203,009,413.51 168,662,219.99 115,320,734.80 74,954,775.74
Liabilities held for sale
Non-current liabilities due within one year
Other current liabilities
Total current liabilities 1,754,865,176.55 795,611,054.55 1,432,232,789.30 588,289,683.96
Non-current liabilities:
Long-term loans 160,000,000.00 160,000,000.00 160,000,000.00 160,000,000.00
Bonds payable
Long-term account payable
Long-term wage payable
Special accounts payable
Projected liabilities
Deferred income 87,558,332.38 43,833,829.38 57,396,619.00 12,836,619.00
Deferred income tax liabilities 84,071,200.82 84,071,200.82 75,683,681.95 75,683,681.95
Other non-current liabilities
Total non-current liabilities 331,629,533.20 287,905,030.20 293,080,300.95 248,520,300.95
Total liabilities 2,086,494,709.75 1,083,516,084.75 1,725,313,090.25 836,809,984.91
Shareholders’ equity 856,487,181.00 856,487,181.00 611,776,558.00 611,776,558.00
Share capital
Other equity instruments
Capital public reserve 761,190,210.25 800,768,597.54 1,052,686,774.25 1,036,115,161.54
Specialized reserve 67,615,856.00 67,615,856.00 67,615,856.00 67,615,856.00
Other comprehensive income 478,904,931.05 477,942,830.38 431,639,323.52 430,413,556.77
Special preparation
Surplus public reserve 649,787,077.21 649,787,077.21 620,578,847.52 620,578,847.52
Retained profit 706,969,727.87 557,501,356.75 652,022,101.57 498,962,843.33
Translation of foreign currency capital
Total owner’s equity attributable toparent 3,385,723,271.38 3,274,871,186.88 3,301,087,748.86 3,130,231,111.16
company
Minority interests 76,540,582.08 69,585,601.21
Total owner’s equity 3,462,263,853.46 3,274,871,186.88 3,370,673,350.07 3,130,231,111.16
Total liabilities and shareholder’s equity 5,548,758,563.21 4,358,387,271.63 5,095,986,440.32 3,967,041,096.07
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, 2017 Unit: RMB Yuan
July-September, 2017 July-September, 2016
Items
Consolidation Parent Company Consolidation Parent Company
I. Total sales 461,323,140.51 132,540,826.06 493,909,342.57 131,345,751.20
Including: Operating income 461,323,140.51 132,540,826.06 493,909,342.57 131,345,751.20
II. Total operating cost 457,870,018.58 139,076,098.49 494,539,952.02 144,650,331.51
Including: Operating cost 363,446,752.51 110,478,587.15 410,959,347.84 117,423,132.93
Taxes and associate charges 5,277,962.71 2,121,866.30 2,538,292.81 15,518.60
Selling and distribution expenses 27,043,064.14 18,281.00 25,044,923.93 224,969.56
Administrative expenses 55,968,192.35 24,051,406.94 53,442,898.60 27,135,839.31
Financial expense 2,842,555.17 1,325,964.58 311,915.52 -108,185.43
Impairment loss 3,291,491.70 1,079,992.52 2,242,573.32 -40,943.46
Add:Gain/(loss) from change in fair value
Gain/(loss) from investment 44,739,708.71 44,948,913.03 36,234,659.92 37,119,153.99
Including: income form investment on affiliated
44,739,708.71 44,948,913.03 36,231,499.05 36,808,702.41
enterprise and jointly enterprise
III. Operating profit 48,192,830.64 38,413,640.60 35,604,050.47 23,814,573.68
Add: non-business income 270,102.02 -566,084.83 31,297,702.84 280,130.24
Including: profit from non-current asset disposal 1,332,996.21 1,332,294.89 95,806.30 92,212.24
Less: non-business expense 223,135.68 20,782.48 160,486.74 4,744.75
Including: loss from non-current asset disposal 52,127.18 20,782.48 8,240.87 4,744.75
IV. Total profit 48,239,796.98 37,826,773.29 66,741,266.57 24,089,959.17
Less: Income tax -407,361.82 -630,201.83 -206,448.58 -452,377.27
V. Net profit 48,647,158.80 38,456,975.12 66,947,715.15 24,542,336.44
Net profit attributable to parent company 47,073,348.70 38,456,975.12 66,092,145.53 24,542,336.44
Minority shareholders’ gains and losses 1,573,810.10 855,569.62
VI.After-tax net amount of other comprehensive
25,798,148.04 25,798,148.04 -1,282,363.91 -1,279,203.04
incomes
After-tax net amount of other
comprehensiveincomes attributable to owners of 25,798,148.04 25,798,148.04 -1,282,363.91 -1,279,203.04
the Company
(I) Other comprehensive incomes that willnot be
reclassified into gains and losses
1. Changes in net liabilities or assets witha defined
benefit plan upon re-measurement
2. Enjoyable shares in othercomprehensive
incomes in investees that cannot bereclassified into
gains and losses under the equitymethod
……
(II) Other comprehensive incomes that willbe
25,798,148.04 25,798,148.04 -1,282,363.91 -1,279,203.04
reclassified into gains and losses
1. Enjoyable shares in othercomprehensive
incomes in investees that will bereclassified into -3,160.87
gains and losses under the equitymethod
2. Gains and losses on fair value changesof
25,798,148.04 25,798,148.04 -1,279,203.04 -1,279,203.04
available-for-sale financial assets
3. Gains and losses on
reclassifyingheld-to-maturity investments into
available-for-salefinancial assets
4. Effective hedging gains and losses oncash flows
5. Foreign-currency financial statementtranslation
difference
6. Other
8
……
After-tax net amount of other
comprehensiveincomes attributable to minority
shareholders
VII Total comprehensive income 74,445,306.84 64,255,123.16 65,665,351.24 23,263,133.40
Total comprehensive income attributable to parent
72,871,496.74 64,255,123.16 64,809,781.62 23,263,133.40
company
Total comprehensive income attributable to
1,573,810.10 855,569.62
minority shareholders
VIII. Earnings per share
(I) basic earnings per share 0.055 0.080
(II) diluted earnings per share 0.055 0.080
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, 2017 Unit: RMB Yuan
January -September, 2017 January -September, 2016
Items
Consolidation Parent Company Consolidation Parent Company
I. Total sales 1,463,701,858.01 482,369,852.31 1,324,783,342.22 451,914,824.08
Including: Operating income 1,463,701,858.01 482,369,852.31 1,324,783,342.22 451,914,824.08
II. Total operating cost 1,449,984,242.50 488,900,452.30 1,332,206,065.28 470,745,784.51
Including: Operating cost 1,180,728,657.56 406,474,570.63 1,079,224,132.33 385,895,600.37
Taxes and associate charges 13,455,129.66 5,825,034.32 8,896,009.23 1,004,749.66
Selling and distribution expenses 70,897,475.42 692,396.60 67,396,800.50 1,382,334.99
Administrative expenses 165,535,016.23 77,040,332.92 161,593,690.07 82,010,755.22
Financial expense 5,837,283.11 2,376,432.94 1,843,749.13 72,383.00
Impairment loss 13,530,680.52 -3,508,315.11 13,251,684.02 379,961.27
Add:Gain/(loss) from change in fair value
Gain/(loss) from investment 132,615,004.40 150,890,974.09 112,183,679.17 113,807,294.70
Including: income form investment on affiliated
93,420,749.34 94,331,618.44 96,219,092.90 97,789,590.60
enterprise and jointly enterprise
III. Operating profit 146,332,619.91 144,360,374.10 104,760,956.11 94,976,334.27
Add: non-business income 7,101,068.77 4,299,927.44 39,025,930.77 6,821,705.97
Including: profit from non-current asset disposal 1,476,325.98 1,410,407.18 160,090.86 110,846.80
Less: non-business expense 291,011.55 20,782.48 444,511.23 69,992.87
Including: loss from non-current asset disposal 67,603.95 20,782.48 197,677.54 9,992.87
IV. Total profit 153,142,677.13 148,639,519.06 143,342,375.65 101,728,047.37
Less: Income tax 5,754,184.47 -284,879.85 5,331,521.75 537,279.94
V. Net profit 147,388,492.66 148,924,398.91 138,010,853.90 101,190,767.43
Net profit attributable to parent company 145,333,511.79 148,924,398.91 136,724,864.44 101,190,767.43
Minority shareholders’ gains and losses 2,054,980.87 1,285,989.46
VI.After-tax net amount of other comprehensive
47,265,607.53 47,529,273.61 -157,600,975.09 -157,597,814.22
incomes
After-tax net amount of other
comprehensiveincomes attributable to owners of 47,265,607.53 47,529,273.61 -157,600,975.09 -157,597,814.22
the Company
(I) Other comprehensive incomes that willnot be
reclassified into gains and losses
1. Changes in net liabilities or assets witha defined
benefit plan upon re-measurement
2. Enjoyable shares in othercomprehensive
incomes in investees that cannot bereclassified into
gains and losses under the equitymethod
……
(II) Other comprehensive incomes that willbe
47,265,607.53 47,529,273.61 -157,600,975.09 -157,597,814.22
reclassified into gains and losses
1. Enjoyable shares in othercomprehensive
incomes in investees that will bereclassified into -263,666.08 -3,160.87
gains and losses under the equitymethod
2. Gains and losses on fair value changesof
47,529,273.61 47,529,273.61 -157,597,814.22 -157,597,814.22
available-for-sale financial assets
3. Gains and losses on
reclassifyingheld-to-maturity investments into
available-for-salefinancial assets
4. Effective hedging gains and losses oncash flows
5. Foreign-currency financial statementtranslation
difference
10
6. Other
……
After-tax net amount of other
comprehensiveincomes attributable to minority
shareholders
VII Total comprehensive income 194,654,100.19 196,453,672.52 -19,590,121.19 -56,407,046.79
Total comprehensive income attributable to parent
192,599,119.32 196,453,672.52 -20,876,110.65 -56,407,046.79
company
Total comprehensive income attributable to
2,054,980.87 1,285,989.46
minority shareholders
VIII. Earnings per share
(I) basic earnings per share 0.170 0.169
(II) diluted earnings per share 0.170 0.169
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, 2017 Unit: RMB Yuan
January -September, 2017 January -September, 2016
Items
Consolidation Parent Company Consolidation Parent Company
I. Cash flows arising from operating
activities:
Cash received from selling commodities and
1,089,604,393.54 322,916,418.08 997,081,433.32 415,890,050.33
providing labor services
Write-back of tax received 11,784,308.34 1,115.75 10,218,917.13
Other cash received concerning operating
74,180,405.39 49,361,918.67 35,908,517.97 18,123,710.76
activities
Subtotal of cash inflow arising from
1,175,569,107.27 372,279,452.50 1,043,208,868.42 434,013,761.09
operating activities
Cash paid for purchasing commodities and
943,401,881.56 373,105,975.21 670,278,844.07 295,254,192.60
receiving labor service
Cash paid to/for staff and workers 254,107,604.80 98,717,742.52 236,871,965.97 96,068,745.13
Taxes paid 66,754,534.59 7,375,509.33 94,211,162.16 16,138,350.04
Other cash paid concerning operating
114,898,847.58 16,487,335.39 106,445,875.63 32,101,823.35
activities
Subtotal of cash outflow arising from
1,379,162,868.53 495,686,562.45 1,107,807,847.83 439,563,111.12
operating activities
Net cash flows arising from operating
-203,593,761.26 -123,407,109.95 -64,598,979.41 -5,549,350.03
activities
II. Cash flows arising from investing
activities:
Cash received from recovering investment 1,500,000.00 1,500,000.00 2,670,375.54
Cash received from investment income 63,490,765.66 73,451,740.66 63,377,286.07 63,643,137.65
Net cash received from disposal of fixed,
211,614.02 263,772.00 1,328,170.00
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
65,202,379.68 74,951,740.66 63,641,058.07 67,641,683.19
activities
Cash paid for purchasing fixed, intangible
100,187,319.74 89,258,455.83 242,078,048.08 233,872,176.27
and other long-term assets
Cash paid for investment 176,660,000.00 176,660,000.00 55,615,021.94 167,200,750.09
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
276,847,319.74 265,918,455.83 277,537,063.35 422,608,844.39
activities
Net cash flows arising from investing
-211,644,940.06 -190,966,715.17 -213,896,005.28 -354,967,161.20
activities
III. Cash flows arising from financing
activities
Cash received from absorbing investment 4,900,000.00 563,935,054.34 563,445,054.34
Including:Cash received from absorbing
minority shareholders' equity investment by 4,900,000.00 490,000.00
subsidiaries
Cash received from loans 392,729,700.00 260,000,000.00 296,400,000.00 240,000,000.00
Other cash received concerning financing
21,576,815.56 20,710,827.68 720,332.73
activities
Subtotal of cash inflow from financing
419,206,515.56 260,000,000.00 881,045,882.02 804,165,387.07
activities
Cash paid for settling debts 132,340,000.00 30,000,000.00 175,200,000.00 107,600,000.00
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Cash paid for dividend and profit distributing
67,199,663.57 65,112,892.02 41,227,843.03 37,248,332.24
or interest paying
Including: dividends or profit paid
bysubsidiaries to minority shareholders
Other cash paid concerning financing
11,893,823.00 7,464,999.44 3,430,000.00
activities
Subtotal of cash outflow from financing
211,433,486.57 95,112,892.02 223,892,842.47 148,278,332.24
activities
Net cash flows arising from financing
207,773,028.99 164,887,107.98 657,153,039.55 655,887,054.83
activities
IV. Influence on cash due to fluctuation in
405,091.23 163,039.18 -746,153.75 -22,115.29
exchange rate
V. Net increase of cash and cash equivalents -207,060,581.10 -149,323,677.96 377,911,901.11 295,348,428.31
Add: Balance of cash and cash equivalents at
691,238,822.98 495,217,106.54 255,381,841.47 147,439,134.15
the period -begin
VI. Balance of cash and cash equivalents at
484,178,241.88 345,893,428.58 633,293,742.58 442,787,562.46
the period–end
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua
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