Stock Code: 000530; 200530 Short Form of the Stock: Bingshan; BingshanB No: 2021-010
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
QUARTERLY REPORT FOR FIRST QUARTER, 2021
§1 Important Notes
1.1 The directors and the Board of Directors, the supervisors and the Supervisory Board, and Senior staff
members of Bingshan Refrigeration & Heat Transfer Technologies 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. Wang Jinxiu 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, 2021 January-March, 2020
with previous year
Operating revenue 491,609,773.09 463,218,112.74 6.13%
Net profit attributable to shareholders of
-28,904,736.89 -58,673,476.79 50.74%
listed companies
Net profit belonging to the shareholders of
listed companies after the deduction of -16,049,142.03 -29,177,871.92 45.00%
non-recurring profit and loss
Net cash flow from operating activities 17,535,066.89 -81,344,046.60 121.56%
Basic earnings per share -0.034 -0.070 51.43%
Diluted earnings per share -0.034 -0.070 51.43%
Weighted average return on net asset yield -0.86% -1.75% Increase 0.89 percentage points
Increase/decrease compared
March 31, 2021 December 31, 2020
with year beginning
Total assets 5,808,295,767.48 5,681,568,328.36 2.23%
Owner's equity attributable to shareholders of
3,346,705,051.18 3,375,609,788.07 -0.86%
listed companies
The net profit of the Company was in deficit (year-on-year loss reduction) , mainly due to 1.During the reporting
period, there are large amount of non-recurring losses, mainly due to that the negative change in fair value of Guotai
Junan has made the Company loss about 14.16million yuan in first quarter,2021.2. During the reporting period,
affected by the rising price of raw materials, the cost pressure of the Company and its affiliates increased, and the
improvement effect of the Company's main business was not fully reflected.
non-recurring gains and losses
√ Applicable □ Inapplicable
1
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 -581.47
Government subsidies included in current profit or loss 293,055.99
Disposal gains from investments on other non-current
financial assets, or gains from fair value change of other -16,653,910.32
non-current financial assets
Other operating revenue or expense 1,579,351.60
Income tax effect -2,179,769.97
Minority shareholders’ gains and losses 253,280.63
Total -12,855,594.86
2.2 Total number and particulars of the shareholders by the end of the report period
Total number of shareholders in the reporting period 45,887
Shareholding of top ten shareholders
Number of
Number of
pledged
shares
Name Nature Proportion Total number shares or
with sale
shares
restriction
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 0.80% 6,740,000 0
Wu An Domestic natural person 0.53% 4,500,000 0
Zhang Hui Domestic natural person 0.52% 4,388,975 0
Zhang Sufen Domestic natural person 0.48% 4,100,000 0
Sun Huiming Domestic natural person 0.43% 3,620,979 0
Xue Hong Domestic natural person 0.42% 3,570,000 0
Kong Guiyan Domestic natural person 0.42% 3,554,754 0
Dalian industrial development investment Co., Domestic non-state-owned
0.40% 3,406,725 0
Ltd. legal person
Shareholding of top ten shareholders without sale restriction
Number of shares without sale
Name Type of shares
restriction
Dalian Bingshan Group Co., Ltd. 170,916,934 RMB denominated ordinary shares
Sanyo Electric Co., Ltd. 73,503,150 Domestically listed foreign shares
Lin Zhenming 6,740,000 Domestically listed foreign shares
Wu An 4,500,000 Domestically listed foreign shares
Zhang Hui 4,388,975 RMB denominated ordinary shares
Zhang Sufen 4,100,000 RMB denominated ordinary shares
Sun Huiming 3,620,979 Domestically listed foreign shares
Xue Hong 3,570,000 Domestically listed foreign shares
Kong Guiyan 3,554,754 RMB denominated ordinary shares
Dalian industrial development investment Co., Ltd. 3,406,725 RMB denominated ordinary shares
Dalian Bingshan Group Co., Ltd. had the association relationship with
Notes to the associated relationship and uniform actions
Sanyo Electric Co., Ltd. among the above shareholders. Sanyo Electric
of the above shareholders Co., Ltd. holds 26.6% of Dalian Bingshan Group Co., Ltd.'s equity.
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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.Accounts in advance has increased significantly compared with the beginning of the year, mainly due to the increase of orders
in this period, especially the increase of engineering projects, and the need to pay the supplier in advance.
2. Other receivables has decreased significantly compared with the beginning of the year, mainly due to the receipt of the second
phase of the Bingshan Consulting equity transfer price.
3. Contract liability has increased significantly compared with the beginning of the year, mainly due to the increase of orders,
advance payment increased.
4. The salary payable has decreased significantly compared with the beginning of the year, mainly due to the payment of
provision employee compensation of last period-end during the reporting period.
5. The selling expenses has increased significantly y-o-y, mainly due to the 2019-nCoV has limited the sales activities in the
same period last year.
6. Net cash flows arising from operating activities has increased significantly y-o-y, mainly due to the increase in cash received
from selling commodities.
7. Net cash flows arising from investing activities has increased significantly y-o-y, mainly due to the receipt of the second phase
of the Bingshan Consulting equity transfer price.
8. Net cash flows arising from financing activities has decreased significantly y-o-y, mainly due to a decrease in cash received
for borrowing and an increase in cash paid for debt repayment.
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. Financial asset investment
1. 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 12,910,008.00 226,312,440.24 -16,653,910.32 0.00 0.00 0.00 -16,653,910.32 209,658,529.92 ent
Junan fair value fund
financial
assets
Total 12,910,008.00 -- 226,312,440.24 -16,653,910.32 0.00 0.00 0.00 -16,653,910.32 209,658,529.92 -- --
2. Derivative investment
□ Applicable √ Inapplicable
3.5 Progress of investment projects raised funds
□ Applicable √ Inapplicable
3.6 Estimated operating results for the period January-June 2021
□ Applicable √ Inapplicable
3.7 Daily operation of major contracts
□ Applicable √ Inapplicable
3.8 Trust management
□ Applicable √ Inapplicable
3.9 Violation of external guaranty
□ Applicable √ Inapplicable
3.10 Non-operation capital occupation by holding shareholders and their related parties in the listed company
□ Applicable √ Inapplicable
3.11 3.7 Table of investigation, communication, interview received
□ Applicable √ Inapplicable
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd..
April 24, 2021
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