Stock Code: 000530; 200530 Short Form of the Stock: Daleng Gufen; Daleng B; No: 2018-013
DALIAN REFRIGERATION CO., LTD.
QUARTERLY REPORT FOR FIRST QUARTER, 2018
§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 All the directors have attended this Board meeting of the Company.
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 Mrs. 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 Company Profile
2.1 Major accounting data and financial indexes
Increase/decrease compared with
January-March, 2017
January-March, 2018 previous year
Before adjustment After adjustment After adjustment
Operating revenue 515,183,744.97 474,819,352.69 504,654,807.75 2.09%
Net profit attributable to shareholders of
25,593,358.53 33,297,454.56 34,979,790.84 -26.83%
listed companies
Net profit belonging to the shareholders of
listed companies after the deduction of 24,307,838.37 32,797,617.05 34,254,953.33 -29.04%
non-recurring profit and loss
Net cash flow from operating activities -117,217,303.00 -137,117,775.57 -157,927,050.15 25.78%
Basic earnings per share 0.03 0.05 0.04 -25.00%
Diluted earnings per share 0.03 0.05 0.04 -25.00%
Weighted average return on net asset yield 0.75% 1.02% 1.05% Decrease 0.30 percentage points
Increase/decrease compared with
December 31, 2017
March 31, 2018 previous year
Before adjustment After adjustment After adjustment
Total assets 5,430,876,897.88 4,994,298,464.88 5,619,621,500.67 -3.36%
Owner's equity attributable to shareholders
3,409,943,829.36 3,275,951,495.82 3,416,531,064.91 -0.19%
of listed companies
Note 1: Net profit attributable to parent company decreased significantly y-o-y, mainly due to the cash
dividend 11.15 million from Guotai Junan last period. After deducting the cash dividend effect from Guotai
Junan, the net profit attributable to parent company increased 7.39% y-o-y.
Note 2: Guotai Junan disclosed 2017 Profit Distribution Preplan on March 30, 2018. The dividend of RMB
4.0 in cash (including tax) will be distributed for every 10 shares. If the above mentioned 2017 Profit
Distribution Preplan approved by 2017 shareholders’ general meeting of Guotai Junan, the Company would
share a cash dividend of 10.84 million according to the 27,098,895 shares of Guotai Junan currently held by
the Company.
non-recurring gains and losses
√ Applicable □ Inapplicable
Item of non-recurring gains and losses Amount from beginning of year to the end of report period
Disposal gains and losses of non-current asset 15,166.64
Government subsidies included in current profit or loss 500,600.00
The cost of investment that the Company acruring
subsidiary,the associated and the joint venture are less 1,068,246.27
than the book net assets of the invested entity
Other operating revenue or expense -3,853.64
Income tax effect 266,873.53
Minority shareholders’ gains and losses 27,765.58
Total 1,285,520.16
2.2 Total number and particulars of the shareholders by the end of the report period
Total shareholders at the end of report period 51,354
Shareholding of top ten shareholders
Number of
Number of
Total shares with
Name Nature Proportion pledged shares
number sale
or shares frozen
restriction
Domestic
Dalian Bingshan Group Co., Ltd. non-state-owned legal 19.97% 170,916,934 0
person
SANYO ELECTRIC CO LTD Foreign legal person 8.59% 73,503,150 0
Domestic
Huatai securities Co. LTD. non-state-owned legal 0.89% 7,630,001 0
person
Lin Zhenming Foreign natural person 0.73% 6,280,000 0
JOHCM INTERNATIONAL
Overseas legal person 0.63% 5,432,942 0
SMALL CAP EQUITY FUND
Wu An Domestic natural person 0.61% 5,187,230 0
Industrial Securities Gold Kylin 2
Others 0.60% 5,101,286 0
Aggregate asset management plan
Sun Huiming Domestic natural person 0.51% 4,384,079 0
Caitong Capital Kunze No. 2 Securities
Others 0.48% 4,114,534 0
Investment Fund
National Social Security Funds 104
Others 0.48% 4,105,157 0
Portfolio
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. 7,630,001 A
Lin Zhenming 6,280,000 B
JOHCM INTERNATIONAL
5,432,942 B
SMALL CAP EQUITY FUND
Wu An 5,187,230 B
Industrial Securities Gold Kylin 2 Aggregate asset management plan 5,101,286 A
Sun Huiming 4,384,079 B
Caitong Capital Kunze No. 2 Securities Investment Fund 4,114,534 A
National Social Security Funds 104 Portfolio 4,105,157 A
Dalian Bingshan Group Co., Ltd. had the
association relationship with Sanyo
Notes to the associated relationship and uniform actions of the above Electric Co., Ltd. among the above
shareholders shareholders. Sanyo Electric Co., Ltd.
holds 26.6% of Dalian Bingshan Group
Co., Ltd.'s equity.
3 Important Matters
3.1 Major changes in main financial items and indexes, and description of the cause
√ Applicable □ Inapplicable
1. Monetary fund decreased significantly compared with the year-beginning, mainly due to fund-raise
capital from privately offering of A-share decreased after payment for fund-raised projects.
2. Interest receivable decreased significantly compared with the year-beginning, mainly due to the accrual
of interest on CDs expired partly.
3. Other current assets decreased significantly compared with the year-beginning, mainly due to the bank
financial product investment of 76 million expired and took back.
4. Payment in advance decreased significantly compared with the year-beginning, mainly due to the
advance payment transferring income.
5. Employee compensation payable decreased significantly compared with the year-beginning, mainly due
to the payment of provision employee compensation of last period-end during the reporting period.
6. Tax payable decreased significantly compared with the year-beginning, mainly due to the decrease of
VAT payable and income tax payable.
7. Taxes and surcharge increased significantly y-o-y, mainly due to the increase of paying VAT attached.
8. Financial expense increased significantly y-o-y, mainly due to the credit loan increase, and increase in
interest income accordingly during the reporting period.
9. Investment income decreased significantly y-o-y, mainly due to the cash dividend 11.15 million from
Guotai Junan last period.
10.Net cash flow from investing activities increased significantly y-o-y, mainly due to the bank financial
product investment of 76 million expired and took back, and the investment in cash 39.20 million to the
Dalian Bingshan Group Management Consulting Co., Ltd. during last period.
11. Net cash flow from financing activities decreased significantly y-o-y, mainly due to the Company
receiving less bank loan during the reporting period.
3.2 Important Progress and the analysis of the influence and solution
□Applicable√Inapplicable
3.3 Commitments of the Company or its shareholders , actual controller and other related parties in the
reporting period or carried to the reporting period
□ Applicable √ Inapplicable
3.4 Precautions on forecasting that by the beginning of year till the end of the next report period, 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 The securities investment
√Applicable □Inapplicable
Gain/(lo
Short Proporti
Initial cost Number of Number of Proportion ss) Financial
Type of Stock Form on of Final Book Stock
of initial final of final during accounting subject
securities Code of the initial value sources
investment holdings holdings holdings reportin
Stock holdings
g period
Guotai Finance asset held legal persons
Stock 601211 27,098,895.00 27,098,895 0.31% 27,098,895 0.31% 462,307,148.70 0.00
Junan available for sales investment
Total 27,098,895.00 27,098,895 -- 27,098,895 -- 462,307,148.70 0.00 -- --
3.6 Derivative investment
□ Applicable √ Inapplicable
3.7 Table of investigation, communication, interview received
Receiving time Way of receiving Received object type Basic situation index
Jan. 10, 2018 Field investigation Institution http://irm.cninfo.com.cn/ssessgs/S000530
Jan.19, 2018 Field investigation Institution http://irm.cninfo.com.cn/ssessgs/S000530
Jan. 25, 2018 Field investigation Institution http://irm.cninfo.com.cn/ssessgs/S000530
3.8 Violation of external guaranty
□ Applicable √ Inapplicable
3.9 Non-operation capital occupation by holding shareholders and their related parties in the listed company
□ Applicable √ Inapplicable
Board of Directors of Dalian Refrigeration Co., Ltd.
April 21, 2018
