Stock Code: 000530; 200530 Short Form of the Stock: Daleng Gufen; Daleng B No: 2019-038
DALIAN REFRIGERATION CO., LTD.
QUARTERLY REPORT FOR THIRD 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 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
2019.9.30 2018.12.31
over 2018.12.31
Total assets 5,675,197,752.91 5,568,279,452.26 1.92%
Shareholder’s equity attributable to 3,415,027,201.23 3,377,633,617.02 1.11%
parent company
Increase/decrease Increase/decrease over
2019.7-9 2019.1-9
over 2018.7-9 2018.1-9
Total operating income 377,309,476.31 -21.76% 1,453,038,716.88 -3.86%
Net profit attributable to parent -4,027,361.74 -127.93% 104,346,557.56 42.09%
company
Net profit attributable to parent
company after deducting 4,567,091.45 -65.25% 39,829,270.42 -43.37%
non-recurring gains/losses
Net cash generated from operating -- -- -80,750,223.29 44.11%
activities
Basic earnings per share -0.004 -123.53% 0.123 43.02%
Diluted earnings per share -0.004 -123.53% 0.123 43.02%
Weighted average return on net Decrease 0.42 Increase 0.93
-0.10% 3.06%
asset yield percentage points percentage points
(1).Net profit attributable to parent company from the beginning of the year to the end of the report increased
significantly on a y-o-y basis, mainly due to The Gain from change in fair value of Guotai Junan has been
recorded into the current profit and loss, which is about 30.05 million yuan;During January to September 2019,
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.
(2). Net profit attributable to parent company of the reporting period decreased significantly over 2018.7-9,
mainly due to the decrease in the company's operating income during the reporting period, and the fact that the
fair value of guotai junan, decreased by about 10.42 million yuan compared with the end of June 2019 and was
included into the current profit and loss.
Non-recurring profits and losses and their amounts
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 1,227,672.74
Government subsidies which were included in the current profits and losses 2,065,938.84
Debt restructuring gains and losses 1,999,241.94
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Income from changes in fair value during the period of holding financial assets 70,613,081.68
available for sale and income from disposal of financial assets available for sale
Other non-operating incomes and expenses except the above mentioned 162,063.15
Income tax effects 11,479,421.77
Minority equity interests effects (after tax) 71,289.44
Total 64,517,287.14
2.2 Total number and particulars of the shareholders by the end of the report period
Total shareholders at the end of report period 54,795
Shareholding of top ten shareholders
Number of Number of
shares with pledged
Name Nature Proportion Total number
sale shares or
restriction shares frozen
Domestic non-state-owned
Dalian Bingshan Group Co., Ltd. 20.27% 170,916,934 0
legal person
SANYO ELECTRIC CO LTD Overseas 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
Domestic non-state-owned
Dalian industrial development investment Co., Ltd. 0.40% 3,406,725 0
legal person
BOCI SECURITIES LIM ITED Overseas legal person 0.36% 3,041,582 0
Zhang Sufen Domestic natural person 0.36% 3,020,000 0
Xue Hong Domestic natural person 0.35% 2,940,000 0
Li Xiaohua Domestic natural person 0.32% 2,725,908 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
Dalian industrial development investment Co., Ltd. 3,406,725 A
BOCI SECURITIES LIM ITED 3,041,582 B
Zhang Sufen 3,020,000 A
Xue Hong 2,940,000 B
Li Xiaohua 2,725,908 A
Dalian Bingshan Group Co., Ltd. had the association relationship with
Notes to the associated relationship and uniform actions of the
Sanyo Electric Co., Ltd. among the above shareholders. Sanyo Electric
above shareholders
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 Important Matters
3.1 Major changes in main financial items and indexes, and description of the cause
√ Applicable □ Inapplicable
1、Dividend receivable has increased significantly over that of year-beginning, mainly because an increase in
unmatured dividends receivable of Panasonic Compressor.
2、Construction in progress has increased significantly over that of year-beginning, mainly because the Company's
new factory intelligent manufacturing project and R22 reduction project investment.
3、Short-term loans has increased significantly over that of year-beginning, mainly because the Company's daily
operating capital requirements increased.
4、Wages payable has decreased significantly over that of year-beginning, mainly because accrual year-end bonus
for year of 2018 has paid in first quarter of 2019.
5、Other accounts payable has decreased significantly over that of year-beginning, mainly because the Company
terminates the implementation of the 2016 restricted stock incentive plan.
6、Bonds payable has decreased significantly over that of year-beginning, mainly because the Company's
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exchangeable corporate bondholders exchanged shares concentrated during January to September 2019.
7、The long term accounts payable has increased significantly over that of year-beginning, mainly because the
Wuxin Refrigeration, a subsidiary of the Company, signed a commercial factoring contract.
8、Other comprehensive income has decreased significantly over that of year-beginning,mainly because according
to the new financial instrument standards, the Company adjusted guotai junan stock market net profit and loss at the
beginning to undistributed profits.
9、Financial expenses have decreased significantly on a y-o-y basis, mainly because the interest on the current loan
decreased.
10、Assets impairment loss has increased signif icantly on a y-o-y basis, mainly because the provision for bad debts
increased.
11、Gain from investment has increased significantly on a y-o-y basis ,mainly because earnings of the Company's
exchangeable corporate bondholders exchanged shares .
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 2019, 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
Changes
in the
Accumulative
Initial Accounting profit and
Stock Stock Book value at change of fai r Current sale Report period Book value in the Accounting Source
investment measurem ent loss of the
code abbreviation the beginning value credited to amount profit and loss ending subjects of funds
cost model fair value equity
in this
period
Other
601211 Guotai 15,710,008.00 fair value 369,195,071.40 150,999,966.00 34,365,642.50 Own
0.00 30,045,390.28 276,024,840.56 Non-current
Jun’an measurem ent funds
financial asset
Other Securities
0.00 -- 0.00 0.00 0.00 0.00 0.00 0.00 -- --
Investment
total 15,710,008.00 -- 369,195,071.40 0.00 30,045,390.28 150,999,966.00 34,365,642.50 276,024,840.56 -- --
The amount sold in the current period is the amount of the exchangeable bondholder's exchange shares during the
reporting period.
3.6 Trust management
□ Applicable √ Inapplicable
3.7 Derivative investment
□ Applicable √ Not applicable
During the reporting period, the Company does not exist derivative investment.
3.8 Table of investigation, communication, interview received
□ Applicable √ Not applicable
3.9 Violation of guaranty
□ Applicable √ Not applicable
3.10 Non-operation capital occupation by holding shareholders and their related parties in the listed company
□ Applicable √ Not applicable
Board of Directors of Dalian Refrigeration Co., Ltd.
October 26, 2019
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