Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
Dalian Refrigeration Co., Ltd.
QUARTERLY REPORT FOR FIRST QUARTER,
2019
April, 2019
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Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
DALIAN REFRIGERATION CO., LTD.
QUARTERLY REPORT FOR FIRST QUARTER, 2019
§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
January-March, 2019 January-March, 2018
with previous year
Operating revenue 565,075,729.08 515,183,744.97 9.68%
Net profit attributable to shareholders of
106,786,822.74 25,593,358.53 317.24%
listed companies
Net profit belonging to the shareholders of
listed companies after the deduction of 16,426,346.23 24,307,838.37 -32.42%
non-recurring profit and loss
Net cash flow from operating activities -94,192,502.27 -117,217,303.00 19.64%
Basic earnings per share 0.125 0.03 316.67%
Diluted earnings per share 0.125 0.03 316.67%
Weighted average return on net asset yield 3.11% 0.75% Increase 2.36 percentage points
Increase/decrease compared
March 31, 2019 December 31, 2018
with year beginning
Total assets 5,484,524,296.09 5,568,279,452.26 -1.50%
Owner's equity attributable to shareholders of
3,459,628,091.76 3,377,633,617.02 2.43%
listed companies
Note : Net profit attributable to parent company increased significantly y-o-y, mainly due to (1)The Gain from
change in fair value of Guotai Junan has been recorded into the current profit and loss,which is about 64.5 million
yuan;(2)During the reporting period, the Company's exchangeable corporate bondholders exchanged a total of
8.3889 million shares, increasing the current investment income by about 40.57 million yuan.All profit above has
been recorded into the non-recurring gains and losses.
non-recurring gains and losses
√ Applicable □ Inapplicable
Amount from beginning of year to the end of report
Item of non-recurring gains and losses
period
Disposal gains and losses of non-current asset -12,865.50
Government subsidies included in current profit or loss 337,400.00
Disposal gains from investments on financial assets 105,065,192.11
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Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
available for sale
Other operating revenue or expense 982,620.97
Income tax effect 15,992,063.20
Minority shareholders’ gains and losses 19,807.87
Total 90,360,476.51
2.2 Total number and particulars of the shareholders by the end of the report period
Total shareholders at the end of report period 60,697
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 20.27% 170,916,934 0
person
SANYO ELECTRIC CO LTD Foreign legal person 8.72% 73,503,150 0
Lin Zhenming Foreign natural person 0.76% 6,400,000 0
Wu An Domestic natural person 0.53% 4,500,000 0
Sun Huiming Domestic natural person 0.52% 4,384,079 0
BOCI SECURITIES LIMITED Foreign legal person 0.41% 3,471,602 0
Domestic
Dalian industrial development
non-state-owned legal 0.40% 3,406,725 0
investment Co., Ltd.
person
Xue Hong Domestic natural person 0.35% 2,940,000 0
Chen Naisheng Domestic natural person 0.27% 2,311,330 0
Chen Xiaoyue Domestic natural person 0.26% 2,210,000 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
Lin Zhenming 6,400,000 B
Wu An 4,500,000 B
Sun Huiming 4,384,079 B
BOCI SECURITIES LIMITED 3,471,602 B
Dalian industrial development investment co. LTD 3,406,725 A
Xue Hong 2,940,000 B
Chen Naisheng 2,311,330 A
Chen Xiaoyue 2,210,000 A
Dalian Bingshan Group Co., Ltd. had the association
Notes to the associated relationship and uniform actions of relationship with Sanyo Electric Co., Ltd. among the
the above shareholders above shareholders. Sanyo Electric Co., Ltd. holds
26.6% of Dalian Bingshan Group Co., Ltd.'s equity.
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Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
§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 the payment for the termination of
the restricted stock incentive plan of 2016 .
2. Other current assets decreased significantly compared with the year-beginning, mainly due to the change of excess VAT paid.
3. Construction in progress increased significantly compared with the year-beginning, mainly due to the investment in Intelligent
manufacturing project and the R22 reduction project.
4. 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.
5. Tax payable increased significantly compared with the year-beginning, mainly due to the increase of VAT payable and income
tax payable.
6. Other accounts payable decreased significantly compared with the year-beginning, mainly due to the termination of the
restricted stock incentive plan of 2016.
7. Bonds payable decreased significantly compared with the year-beginning, mainly due to the exchangeable bonds holders
exchange shares centrally during the reporting period.
8. Other comprehensive income decreased significantly compared with the year-beginning, mainly due to according to the new
financial instrument standard, the Company adjusted the net profit and loss of Guotai Jun ‘an stock market value to retained
profit at the beginning of the period.
9. Assets impairment loss increased significantly y-o-y, mainly due to the provision for bad debts increased.
10. Gain from investment increased significantly y-o-y, mainly due to the investment income of the Company's exchangeable
bonds exchange .
3.2 Important Progress and the analysis of the influence and solution
□Applicable√Inapplicable
Progress of share buybacks
□Applicable√Inapplicable
Progress of share buybacks in the way of centralized bidding for reduction
□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
Accumu
lated
Fair Value
Short Fair Curre Gains and
Accounting Change Gains Account
Type of Stock Form of Initial cost of Begin Book Value nt losses during Source
Measurement and Losses in Current Sale Final Book value ing
securities Code the investment value Change Purc the reporting of funds
Model the Current subjects
Stock Include hase period
Period
d in
Equity
Other
non-curr
Guotai Measuring at Own
Stock 601211 15,710,008.00 369,195,071.40 64,497,437.84 0.00 0.00 150,999,966.00 64,497,437.84 316,556,661.20 ent
Junan fair value fund
financial
assets
Total 15,710,008.00 -- 369,195,071.40 64,497,437.84 0.00 0.00 150,999,966.00 64,497,437.84 316,556,661.20 -- --
The amount sold in the current period is the amount of the exchangeable bondholder's exchange shares during the reporting period.
3.6 Derivative investment
□ Applicable √ Inapplicable
3.7 Table of investigation, communication, interview received
□ Applicable √ Inapplicable
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
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Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
§4 Financial Report (attached)
Not audited.
Note: The adjustment of financial statements
New Financial Instruments Standards, New Income Standards and New Leasing Standards for the First
Implementation Relevant to Financial Statements at the Beginning of the Year
√Applicable □Inapplicable
Before adjustment After adjustment
Consolidated Balance Sheet 31-Dec-2018 Consolidated Balance Sheet 1-Jan-2019
Finance asset held available for sales 382,186,729.99 Other non-current financial assets 382,186,729.99
Other comprehensive income 296,909,965.55 Other comprehensive income 2,501,459.77
Retained profit 764,859,288.45 Retained profit 1,059,267,794.23
Balance sheet of parent company 31-Dec-2018 Balance sheet of parent company 1-Jan-2019
Finance asset held available for sales 380,771,587.49 Othe non-current financial assets 380,771,587.49
Other comprehensive income 295,947,864.88 Other comprehensive income 1,539,359.10
Retained profit 640,251,261.47 Retained profit 934,659,767.25
According to the new financial instrument criteria, the original item of " Finance asset held available for sales " is
adjusted to "other non-current financial assets"; Adjust the amount of other comprehensive income
294,408,505.78 yuan, and adjust the amount of retained profit 294,408,505.78 yuan.
Board of Directors of Dalian Refrigeration Co., Ltd.
April 20, 2019
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Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
BALANCE SHEET
Prepared by Dalian Refrigeration Co., Ltd. March 31, 2019 Unit: RMB Yuan
31-Mar-2019 31-Dec-2018
Items
Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 209,941,012.92 71,894,007.89 343,026,485.11 186,976,185.10
Financial assets which are measured by fair value and
which changes are recorded in current profit and loss
Derivative financial assets
Transaction financial assets
Notes receivable&Accounts receivable 1,375,799,499.08 589,951,642.17 1,278,838,632.86 482,389,295.25
Notes receivable 148,786,229.10 65,906,701.69 171,292,044.56 63,673,648.65
Accounts receivable 1,227,013,269.98 524,044,940.48 1,107,546,588.30 418,715,646.60
Accounts in advance 152,421,203.21 53,121,720.19 158,405,300.50 69,577,538.44
Other receivables 52,283,388.09 15,020,565.37 48,508,755.15 14,003,269.34
Interest receivables 318,886.12 318,886.12
Dividend receivable 33,450.00
Inventories 441,703,966.17 194,904,326.29 450,195,300.53 194,747,632.08
Assets held for sale
Non-current asset due within one year
Other current assets 4,156,546.78 112,871.30 18,266,589.12 8,056,055.09
Total current assets 2,236,305,616.25 925,005,133.21 2,297,241,063.27 955,749,975.30
Non-current assets:
Finance asset held available for sales 382,186,729.99 380,771,587.49
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 1,654,219,138.55 2,236,966,467.66 1,619,693,570.97 2,201,953,842.42
Other Non-current financial assets 329,548,319.79 328,133,177.29
Investment property 99,092,566.72 110,211,634.07 100,338,241.99 111,421,702.70
Fixed assets 943,173,246.32 716,071,336.95 953,298,058.11 725,516,578.53
Construction in progress 27,170,405.13 26,534,676.14 19,796,212.82 18,010,457.61
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 145,546,361.30 69,477,696.79 147,018,592.71 70,049,323.57
Expense on Research and Development
Goodwill 1,750,799.49 1,750,799.49
Long-term expenses to be apportioned 12,471,030.78 10,871,582.46 12,873,428.19 11,244,777.00
Deferred income tax asset 35,246,811.76 4,358,721.03 34,082,754.72 4,303,943.48
Other non-current asset
Total non-current asset 3,248,218,417.89 3,502,625,030.44 3,271,038,388.99 3,523,272,212.80
Total assets 5,484,524,034.14 4,427,630,163.65 5,568,279,452.26 4,479,022,188.10
Current liabilities:
Short-term loans 270,000,000.00 250,000,000.00 250,000,000.00 250,000,000.00
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Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
Financial liabilities which are measured by fair value
and which changes are recorded in current profit and
loss
Derivative financial liabilities
Transaction financial liabilities
Notes payable and Accounts payable 1,153,682,791.77 434,080,197.75 1,132,891,095.19 412,799,816.79
Accounts received in advance 90,924,216.15 28,465,007.34 122,151,101.00 29,579,144.85
Wage payable 10,096,643.38 1,654,620.17 31,856,136.59 7,376,290.42
Taxes payable 34,729,883.70 24,231,419.28 13,608,212.32 3,399,150.12
Other accounts payable 32,589,226.09 6,137,434.21 63,313,958.43 30,439,931.10
Interest payable 216,664.93 216,664.93 1,369,527.78 1,369,527.78
Dividend payable 533,156.00 533,156.00 533,156.00 533,156.00
Liabilities held for sale
Non-current liabilities due within one year 2,293,332.08 2,999,574.93
Other current liabilities
Total current liabilities 1,594,316,093.17 744,568,678.75 1,616,820,078.46 733,594,333.28
Non-current liabilities:
Long-term loans 177,610,335.66 160,000,000.00 160,000,000.00 160,000,000.00
Bonds payable 25,000,034.00 25,000,034.00 176,000,000.00 176,000,000.00
Preferred stock
Perpetual bond
Long-term account payable 1,532,949.94 1,532,949.94
Long-term wage payable
Special Payable
Anticipation liabilities
Deferred income 101,994,603.65 59,676,911.69 103,542,093.79 60,907,828.40
Deferred income tax liabilities 45,250,831.33 45,250,831.33 51,954,442.22 51,954,442.22
Other non-current liabilities
Total non-current liabilities 351,388,520.58 289,927,543.02 493,029,485.95 448,862,270.62
Total liabilities 1,945,704,613.75 1,034,496,221.77 2,109,849,564.41 1,182,456,603.90
Shareholders’ equity
Share capital 843,212,507.00 843,212,507.00 855,434,087.00 855,434,087.00
Other equity instruments
Preferred stock
Perpetual bond
Capital public reserve 726,768,468.00 771,270,562.83 760,365,342.00 804,867,436.83
Less: Treasury stock 21,026,106.00 21,026,106.00
Other comprehensive income 2,501,459.77 1,539,359.10 296,909,965.55 295,947,864.88
Special preparation
Surplus public reserve 721,091,040.02 721,091,040.02 721,091,040.02 721,091,040.02
Generic risk reserve
Retained profit 1,166,054,626.47 1,056,020,472.93 764,859,288.45 640,251,261.47
Total owner’s equity attributable to parent company 3,459,628,101.26 3,393,133,941.88 3,377,633,617.02 3,296,565,584.20
Minority interests 79,191,319.13 80,796,270.83
Total owner’s equity 3,538,819,420.39 3,393,133,941.88 3,458,429,887.85 3,296,565,584.20
Total liabilities and shareholder’s equity 5,484,524,034.14 4,427,630,163.65 5,568,279,452.26 4,479,022,188.10
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua
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Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
INCOME STATEMENT
Prepared by Dalian Refrigeration Co., Ltd. January-March, 2019 Unit: RMB Yuan
January-March, 2019 January-March, 2018
Items
Consolidation Parent Company Consolidation Parent Company
I. Total sales 565,075,729.08 187,665,804.78 515,183,744.97 180,020,669.02
Including: Mainly operating income 553,275,988.57 178,128,672.23 505,677,469.36 173,154,990.37
Other operating income 11,799,740.51 9,537,132.55 9,506,275.61 6,865,678.65
II. Total operating cost 587,621,855.44 194,686,339.31 509,898,926.11 182,066,309.20
Including: Operating cost 489,840,572.83 165,187,241.26 423,905,884.12 159,122,415.64
Mainly Operating cost 482,538,506.00 158,657,243.21 419,479,072.32 155,568,616.97
Other operating cost 7,302,066.83 6,529,998.05 4,426,811.80 3,553,798.67
Taxes and associate charges 4,933,219.41 2,499,744.46 4,569,447.66 2,298,420.18
Selling and distribution expenses 27,191,351.97 117,823.03 23,648,268.09 226,199.11
Administrative expenses 44,989,946.11 17,738,863.49 42,168,653.90 16,436,280.69
R&D expenses 11,557,843.31 6,485,982.26 11,274,154.05 6,768,294.36
Financial expense 3,897,660.31 2,291,501.17 5,199,059.85 1,594,855.68
Including:interest expense 2,914,151.60 2,141,926.06 3,849,983.65 2,836,958.28
interest income 317,613.19 149,671.39 1,595,022.14 1,491,796.32
Assets impairment loss 5,211,261.50 365,183.64 -866,541.56 -4,380,156.46
Add:Other income 1,695,599.00 328,499.15
Gain/(loss) from investment 75,093,258.98 77,580,316.64 21,067,648.84 21,586,188.56
Including: income from investment on 34,525,567.58 35,012,625.24 20,767,648.84 21,286,188.56
affiliated enterprise and jointly enterprise
Gain/(loss) from change in fair value 64,497,437.84 64,497,437.84
Exchange gains
Gain/(loss) from asset disposal -12,865.50 -12,865.50 15,166.64 19,145.40
III. Operating profit 118,727,303.96 135,044,354.45 26,696,133.49 19,559,693.78
Add: non-business income 1,579,118.31 0.07 1,685,340.09 500.07
Including:Gain form non-current assets
disposal
Less: non-business expense 73,431.34 60,000.00 120,347.46 80,000.00
Including:Loss form non-current assets
disposal
IV. Total profit 120,232,990.93 134,984,354.52 28,261,126.12 19,480,193.85
Less: Income tax 15,051,119.89 13,623,658.34 2,589,476.69 439,653.28
V. Net profit 105,181,871.04 121,360,696.18 25,671,649.43 19,040,540.57
(I) Net profit from continuous operation
(II)Net profit from discontinuing operation
Net profit attributable to parent company 106,786,822.74 121,360,696.18 25,593,358.53 19,040,540.57
Minority shareholders’ gains and losses -1,604,951.70 78,290.90
VI. After-tax net amount of other -33,629,728.70 -33,629,728.70
comprehensive incomes
After-tax net amount of other comprehensive
incomes attributable to owners of the -33,629,728.70 -33,629,728.70
Company
(I) Other comprehensive incomes that will not
be reclassified into gains and losses
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Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
1. Changes in net liabilities or assets with a
defined benefit plan upon re-measurement
2. Enjoyable shares in other comprehensive
incomes in invests that cannot be reclassified
into gains and losses under the equity method
(II) Other comprehensive incomes that will be -33,629,728.70 -33,629,728.70
reclassified into gains and losses
1. Enjoyable shares in other comprehensive
incomes in invests that will be reclassified into
gains and losses under the equity method
2. Gains and losses on fair value changes of -33,629,728.70 -33,629,728.70
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.Others
……
After-tax net amount of other comprehensive
incomes attributable to minority shareholders
VII Total comprehensive income 105,181,871.04 121,360,696.18 -7,958,079.27 -14,589,188.13
Total comprehensive income attributable to
106,786,822.74 121,360,696.18 -8,036,370.17 -14,589,188.13
parent company
Total comprehensive income attributable to
-1,604,951.70 78,290.90
minority shareholders
VIII. Earnings per share
(I) basic earnings per share 0.125 0.03
(II) diluted earnings per share 0.125 0.03
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua
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Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
CASH FLOW STATEMENT
Prepared by Dalian Refrigeration Co., Ltd. January -March, 2019 Unit: RMB Yuan
January -March, 2019 January -March, 2018
Items
Consolidation Parent Company Consolidation Parent Company
I. Cash flows arising from operating activities:
Cash received from selling commodities and
284,070,695.49 81,980,694.01 234,680,891.94 87,595,028.58
providing labor services
Write-back of tax received 3,542,775.88 3,340,686.50
Other cash received concerning operating
7,857,373.35 1,158,866.54 14,176,990.93 3,619,053.46
activities
Subtotal of cash inflow arising from operating
295,470,844.72 83,139,560.55 252,198,569.37 91,214,082.04
activities
Cash paid for purchasing commodities and
226,160,305.96 98,322,285.24 186,514,869.99 111,441,564.06
receiving labor service
Cash paid to/for staff and workers 111,727,370.94 36,960,571.65 112,992,030.52 41,872,999.01
Taxes paid 20,084,355.47 5,057,595.98 32,738,439.61 2,527,993.35
Other cash paid concerning operating activities 31,691,314.62 5,099,217.08 37,170,532.25 3,716,271.65
Subtotal of cash outflow arising from 389,663,346.99 145,439,669.95 369,415,872.37 159,558,828.07
operating activities
Net cash flows arising from operating activities -94,192,502.27 -62,300,109.40 -117,217,303.00 -68,344,746.03
II. Cash flows arising from investing activities:
Cash received from recovering investment
Cash received from investment income 33,450.00 333,450.00 300,000.00
Net cash received from disposal of fixed,
460,000.00 460,000.00 1,892,374.11
intangible and other long-term assets
Net cash received from disposal of subsidiaries
and other units
Other cash received concerning investing
76,000,000.00 76,000,000.00
activities
Subtotal of cash inflow from investing 493,450.00 460,000.00 78,225,824.11 76,300,000.00
activities
Cash paid for purchasing fixed, intangible and
4,951,109.06 2,380,864.45 77,208,918.11 70,448,645.50
other long-term assets
Cash paid for investment 4,327,733.43
Net cash paid for achievement of subsidiaries
and other business units
Other cash paid concerning investing activities
Subtotal of cash outflow from investing
4,951,109.06 2,380,864.45 81,536,651.54 70,448,645.50
activities
Net cash flows arising from investing activities -4,457,659.06 -1,920,864.45 -3,310,827.43 5,851,354.50
III. Cash flows arising from financing
activities
Cash received from absorbing investment
Including: Cash received from absorbing
minority shareholders' equity investment by
subsidiaries
Cash received from loans 188,410,100.00 130,000,000.00 9,040,000.00
Cash received from issuing bonds
Other cash received concerning financing 38,323,050.64 30,116,287.80
activities
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Dalian Refrigeration Co., Ltd. Quarterly Report For First Quarter, 2019
Subtotal of cash inflow from financing
226,733,150.64 130,000,000.00 39,156,287.80
activities
Cash paid for settling debts 169,838,295.15 130,000,000.00 17,810,100.00
Cash paid for dividend and profit distributing
3,755,722.29 3,294,788.91 4,431,888.96 3,216,043.81
or interest paying
Including: dividends or profit paid by
subsidiaries to minority shareholders
Other cash paid concerning financing activities 59,402,310.07 47,566,389.36 10,774,088.89 2,279,264.40
Subtotal of cash outflow from financing 232,996,327.51 180,861,178.27 33,016,077.85 5,495,308.21
activities
Net cash flows arising from financing activities -6,263,176.87 -50,861,178.27 6,140,209.95 -5,495,308.21
IV. Influence on cash due to fluctuation in -320,169.19 -25.09 -1,411,497.70 -686.11
exchange rate
V. Net increase of cash and cash equivalents -105,233,507.39 -115,082,177.21 -115,799,418.18 -67,989,385.85
Add: Balance of cash and cash equivalents at 304,703,434.47 186,976,185.10 364,693,406.31 234,655,092.14
the period -begin
VI. Balance of cash and cash equivalents at the 199,469,927.08 71,894,007.89 248,893,988.13 166,665,706.29
period–end
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Mao Chunhua
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