2022 Q1 Report To be a Global Leading Crop Protection Company
Stock code:301035 Stock abbreviation: Rainbow Chemical Announcement No.: 2022-014
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
The First Quarter Report of 2022
The Company and all members of the Board of Directors warrant that the contents of the
Semi-annual Report are true, accurate and complete, without false records, misleading
statements or major omissions.
Important notes:
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior management
warrant that the contents of the Quarterly Report are true, accurate and complete, without false
records, misleading statements or major omissions, and shall bear individual and collective legal
liabilities.
2. The legal representative of the Company, the chief accountant in charge, and the chief of the
accounting institution (accounting supervisor), stated that the financial report in the Quarterly
Report is true, accurate and complete.
3. Whether the First Quarter Report is audited
□ Yes √ No
I. Key Financial Data
(I) Key Accounting Data and Financial Indicators
Whether the Company needs to retroactively adjust or restate the accounting data of previous years
□ Yes √ No
Year-on-year increase or
Q1 2022 Q1 2021
decrease
Operating income (RMB) 3,119,046,203.43 1,811,987,233.25 72.13%
Net profit attributable to shareholders of
387,571,013.34 96,143,598.31 303.12%
the Company (RMB)
Net profit attributable to shareholders of
the Company excluding non-recurring 389,050,777.23 83,683,638.61 364.91%
gains and losses (RMB)
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2022 Q1 Report To be a Global Leading Crop Protection Company
Net cash flow from operating activities
-224,220,205.58 -385,771,636.97 41.88%
(RMB)
Basic earnings per share (RMB/Share) 1.40 0.46 204.35%
Diluted earnings per share (RMB/Share) 1.39 0.46 202.17%
Weighted average return on net assets 7.62% 3.37% 4.25%
Year-on-year increase or
End of Q1 2022 End of 2021
decrease
Total assets (RMB) 10,478,339,575.02 10,311,655,543.89 1.62%
Equity attributable to shareholders of the
5,282,959,850.40 4,908,724,302.71 7.62%
Company (RMB)
(II) Items and Amounts of Non-recurring Gains and Losses
√ Applicable □ Not applicable
Unit: RMB
Item Amount of Q1 2022 Notes
Gain and loss on disposal of non-current assets (including the
-8,890,722.01
write-off portion of asset impairment provision)
Government subsidies included in current gains and losses
(closely related to normal operational business of the Company,
3,083,662.79
excluding the continuous government subsidies of certain
amount or quota complying with national policies)
Other non-operating revenue and expenditure other than those
3,746,190.86
mentioned above
Less: affected amount of income tax -626,920.87
Affected amount of minority shareholders' equity (after
45,816.40
tax)
Total -1,479,763.89 --
Other gains and losses items that meet the definition of non-recurring gains and loss:
□ Applicable √ Not applicable
There are no other gains and losses items of the Company that meet the definition of non-recurring gains and loss.
Reasons for the non-recurring profit and loss items listed in Explanatory Announcement on Information Disclosure for Companies
Offering Their Securities to the Public No.1 - Non-recurring Gains and Losses recognized as recurring gains and losses items
□ Applicable √ Not applicable
There is no circumstance where the non-recurring profit and loss items listed in Explanatory Announcement on Information
Disclosure for Companies Offering Their Securities to the Public No.1 - Non-recurring Gains and Losses are recognized as recurring
gains and losses items.
(III) Changes to Key Accounting Data and Financial Indicators and Reasons
√ Applicable □ Not applicable
1、Balance Sheet
Unit: RMB
December 31,
Item March 31, 2022 Change Reason for change
2021
Mainly caused by increase in bank acceptance notes received
Receivables financing 930,000.00 100,000.00 830.00%
during the reporting period
Mainly caused by increase in travel allowance for overseas
Other receivables 15,993,073.04 11,576,269.72 38.15%
business personnel during the reporting period
Mainly caused by the assets recognized by the lease warehouse
Right-of-use assets 25,374,525.12 18,876,699.07 34.42%
during the reporting period
Mainly caused by the increase of the number of companies not
Goodwill 51,285,150.10 26,949,350.10 90.30% under the same control acquired through merger of controlling
interests during the reporting period
Deferred income tax Mainly caused by increase in offset of unrealized internal trading
70,489,777.12 46,893,086.34 50.32%
assets gains and losses during the reporting period
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2022 Q1 Report To be a Global Leading Crop Protection Company
Other non-current Mainly caused by written-off prepayments during the reporting
45,340,010.54 130,713,116.29 -65.31%
assets period
Contract liabilities 125,369,343.29 45,096,633.96 178.00% Mainly caused by advance payments of subsidiaries
Mainly caused by the debt recognized by the lease warehouse
Lease liability 19,205,317.92 13,312,230.04 44.27%
during the reporting period
Other comprehensive Mainly caused by changes in difference from translation of
-36,853,204.89 -6,390,755.46 -476.66%
income statements during the reporting period
2. Income Statement
Unit: RMB
January-March
Item January-March 2022 Change Reason for change
2021
Mainly caused by business growth during the reporting
Operating income 3,119,046,203.43 1,811,987,233.25 72.13%
period
Mainly caused by cost growth due to revenue growth during
Operating cost 2,407,497,426.79 1,572,034,075.13 53.15%
the reporting period
Mainly caused by increase in staff remuneration and
Sales expenses 46,948,661.90 29,879,244.83 57.13%
registration fees during the reporting period
Mainly caused by increase in equity incentive expenses
Management expenses 95,729,283.94 55,848,194.81 71.41%
during the reporting period
Mainly caused by increase in investment of R&D during the
R&D expenditures 89,023,043.97 39,604,702.74 124.78%
reporting period
Mainly caused by increase in exchange losses during the
Financial expenses 39,787,968.31 3,263,065.59 1119.34%
reporting period
Mainly caused by the reduction in government subsidies
Other income 830,854.19 10,175,944.89 -91.84% received related to daily business activities during the
reporting period
Mainly caused by decrease in proceeds from forward
Investment returns 28,854,869.96 69,851,489.39 -58.69%
exchange settlement business during the reporting period
Mainly caused by proceeds from changes in fair value of
Income from changes in
7,793,443.00 -65,032,162.30 111.98% forward exchange settlement business during the reporting
fair value
period
Credit impairment Mainly caused by increase in provision for bad debt
-27,370,228.25 -5,368,653.39 -409.82%
losses reserves during the reporting period
Mainly caused by increase in accrued provision for
Asset impairment losses -82,433.27 436,876.42 -118.87%
inventory depreciation during the reporting period
Mainly caused by increase in scrapped fixed assets during
Non-operating expenses 10,541,457.40 1,018,048.89 935.46%
the reporting period
Mainly caused by increase in profits during the reporting
Income tax expenses 50,034,413.97 16,473,904.54 203.72%
period
II. Shareholder Information
(I) The number of common shareholders, the number of preferred shareholders whose voting rights have
been restored and the shareholdings of the top ten shareholders
Unit: Share
Number of preferred
shareholders whose
Number of common shareholders as of the end
8,573 voting rights have been 0
of Q1 2022
restored as of the end of
Q1 2022 (if any)
Shareholding of the top ten shareholders
Quantity of Pledge, mark or freeze
Shareholder Sharehold Shareholdin
Name of shareholder restricted
nature ing ratio g quantity Share status Quantity
shares held
Domestic
Shandong Rainbow
non-state-owned 41.61% 114,911,237 114,911,237 Pledge 23,301,837
Investment Co., Ltd
legal person
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2022 Q1 Report To be a Global Leading Crop Protection Company
Overseas legal
KONKIA INC. 22.16% 61,191,800 61,191,800
person
Shandong Rainbow Domestic
Agrosciences Investment non-state-owned 4.75% 13,105,690 13,105,690
Co., Ltd. legal person
Domestic
XingDaFa technology
non-state-owned 2.99% 8,264,487 8,264,487
(ShenZhen) Co., Ltd.
legal person
Domestic
Jinan Xinbo Investment
non-state-owned 2.84% 7,856,786 7,856,786 Pledge 7,856,786
Co., Ltd.
legal person
Industrial and
Commercial Bank of
China Co., Ltd. -
Other 1.41% 3,906,664 0
BOCOM Schroder Trend
Priority Hybrid Securities
Investment Fund
Guotai Fund - Bank of
Communications - Guotai
Fund Boyuan No. 20 Other 1.26% 3,479,997 0
Collective Assets
Management Plan
China Construction Bank
Corporation - Guotai
Great Health Equity Other 1.03% 2,831,892 0
Securities Investment
Fund
Bank of Communications
Co., Ltd. - Guotai Jinying
Growth and Flexibly
Other 0.73% 2,002,728 0
Allocated Hybrid
Securities Investment
Fund
Shandong Agricultural Domestic
University Education non-state-owned 0.65% 1,800,000 1,800,000
Development Foundation legal person
Shareholding of top ten shareholders of unrestricted shares
Type of shares
Name of shareholder Quantity of unrestricted shares held
Type of shares Quantity
Industrial and Commercial Bank of China Co., RMB-denomin
Ltd. - BOCOM Schroder Trend Priority 3,906,664 ated common 3,906,664
Hybrid Securities Investment Fund shares
Guotai Fund - Bank of Communications - RMB-denomin
Guotai Fund Boyuan No. 20 Collective Assets 3,479,997 ated common 3,479,997
Management Plan shares
China Construction Bank Corporation - Guotai RMB-denomin
Great Health Equity Securities Investment 2,831,892 ated common 2,831,892
Fund shares
Bank of Communications Co., Ltd. - Guotai RMB-denomin
Jinying Growth and Flexibly Allocated Hybrid 2,002,728 ated common 2,002,728
Securities Investment Fund shares
Guotai Fund - Bank of Shanghai - Guotai RMB-denomin
Fund Gewu No. 2 Collective Assets 1,557,538 ated common 1,557,538
Management Plan shares
Yuanxin (Zhuhai) Private Equity Fund
RMB-denomin
Management Co., Ltd. - Citic Capital China
1,538,914 ated common 1,538,914
Value Growth No. 1 Private Securities
shares
Investment Fund
Yuanxin (Zhuhai) Private Equity Fund 1,368,857 RMB-denomin 1,368,857
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2022 Q1 Report To be a Global Leading Crop Protection Company
Management Co., Ltd. - Citic Capital China ated common
Value Growth No. 3 Private Securities shares
Investment Fund
China Merchants Bank Co., Ltd. - BOCOM RMB-denomin
Schroder Qicheng Hybrid Securities 1,289,935 ated common 1,289,935
Investment Fund shares
China CITIC Bank Corporation Limited - RMB-denomin
Hua'an Jujia Selected Mixed Securities 1,225,625 ated common 1,225,625
Investment Fund shares
Yuanxin (Zhuhai) Private Equity Fund
RMB-denomin
Management Co., Ltd. - Citic Capital China
1,168,866 ated common 1,168,866
Value Growth Private Securities Investment
shares
Fund
Shandong Rainbow Investment Co., Ltd., KONKIA INC and Shandong
Runnong Investment Co., Ltd. are enterprises controlled by Wencai Wang,
Explanation of the above-mentioned
Guoqing Sun and Hongbing Qiu, the actual controllers of the Company The
shareholder relationship or concerted action
Company does not know whether the above-mentioned other shareholders are
associated or are persons acting in concert.
Engagement of the top 10 shareholders in
Not applicable
securities margin trading business (if any)
(II) The number of preferred shareholders of the Company and the shareholdings of the top ten preferred
shareholders
□ Applicable √ Not applicable
(III) Changes in restricted shares
√ Applicable □ Not applicable
Unit: Share
Decreased Increased Closing
Starting number number of number of number of
Proposed date
of restricted restricted restricted restricted Type for
Name of shareholder of the removal
shares in shares in shares in shares in restricted shares
of restrictions
reporting period reporting reporting reporting
period period period
Shandong Rainbow Pre-IPO
114,911,237 0 0 114,911,237 2024-7-28
Investment Co., Ltd restricted shares
Pre-IPO
KONKIA INC 61,191,800 0 0 61,191,800 2024-7-28
restricted shares
Shandong Rainbow
Pre-IPO
Agrosciences 13,105,690 0 0 13,105,690 2024-7-28
restricted shares
Investment Co., Ltd.
XingDaFa technology Pre-IPO
8,264,487 0 0 8,264,487 2022-7-28
(ShenZhen) Co., Ltd. restricted shares
Jinan Xinbo Pre-IPO
7,856,786 0 0 7,856,786 2022-7-28
Investment Co., Ltd. restricted shares
Shandong Agricultural
University Education Pre-IPO
1,800,000 0 0 1,800,000 2022-7-28
Development restricted shares
Foundation
Post-IPO offline Post-IPO offline
placement restricted 3,559,355 3,559,355 0 placement 2022-1-28
shares restricted shares
Total 210,689,355 3,559,355 0 207,130,000 -- --
Note: 1. If a shareholder owns restricted shares as of the end of the reporting period, it is imperative to state the type for restricted
shares in the “Type for restricted shares” column, and the proposed date of the removal of restrictions in the “Proposed date of the
removal of restrictions” column.
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2022 Q1 Report To be a Global Leading Crop Protection Company
2. In the case of a large number of shareholders with restricted shares, it is suggested that the changes in holdings of restricted shares
by the top ten shareholders are disclosed in detail, and that the changes in holdings of restricted shares by other shareholders are
presented in consolidated list.
III. Other important matters
□ Applicable √ Not applicable
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated balance sheet
Prepared by: Shandong Weifang Rainbow Co., Ltd.
March 31, 2022
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 3,463,454,228.77 3,724,744,059.71
Deposit reservation for balance
Lending to banks and other
financial institutions
Financial assets held for trading 200,000,000.00 200,000,000.00
Derivative financial assets 56,715,726.50 48,922,283.50
Notes receivable 33,727,790.11 35,385,609.76
Accounts receivable 2,830,006,971.92 2,328,358,879.35
Receivables financing 930,000.00 100,000.00
Pre-payments 91,522,985.08 77,313,374.04
Premium receivable
Re-insurance accounts
receivable
Reserves for re-insurance
contract receivable
Other receivables 15,993,073.04 11,576,269.72
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreement
Inventory 1,579,075,681.41 1,775,113,092.67
Contracted assets
Assets held for sale
Non-current assets that mature
within one year
Other current assets 232,186,373.52 264,431,341.13
Total current assets 8,503,612,830.35 8,465,944,909.88
Non-current assets:
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2022 Q1 Report To be a Global Leading Crop Protection Company
Disbursed loans and advances
Debt investments
Other debt investment
Long-term receivables
Long-term equity investment 1,655,956.49 1,810,538.69
Other equity instrument
investment
Other non-current financial
assets
Investment properties
Fixed assets 1,331,519,747.06 1,218,635,770.03
Construction in progress 322,202,255.49 281,855,456.95
Productive biological assets
Oil and gas assets
Right-of-use assets 25,374,525.12 18,876,699.07
Intangible assets 124,550,584.21 118,003,684.46
Development expenditure
Goodwill 51,285,150.10 26,949,350.10
Long-term deferred expenses 2,308,738.54 1,972,932.08
Deferred income tax assets 70,489,777.12 46,893,086.34
Other non-current assets 45,340,010.54 130,713,116.29
Total non-current assets 1,974,726,744.67 1,845,710,634.01
Total assets 10,478,339,575.02 10,311,655,543.89
Current liabilities:
Short-term borrowings 557,628,021.04 550,348,417.31
Borrowings from the central
bank
Borrowings from banks and
financial institutions
Financial liabilities held for
trading
Derivative financial liabilities
Notes payable 2,908,931,832.36 3,369,427,627.30
Accounts payable 1,062,192,873.43 879,276,036.26
Advance payments 2,624,536.52
Contract liabilities 125,369,343.29 45,096,633.96
Financial assets sold for
repurchase
Deposits and interbank deposits
received
Amount received from agency
trading of securities
Amount received from agency
underwriting of securities
Payroll payable 113,218,860.66 154,700,982.42
Taxes payable 98,980,144.24 83,154,482.55
Other payables 38,535,978.12 29,657,941.65
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2022 Q1 Report To be a Global Leading Crop Protection Company
Including: Interests payable
Dividends payable
Handling charges and
commissions payable
Re-insurance accounts payable
Liabilities held for sale
Non-current liabilities due
17,958,747.62 19,679,032.26
within one year
Other current liabilities 31,611,529.03 37,357,003.10
Total current liabilities 4,954,427,329.79 5,171,322,693.33
Non-current liabilities:
Provision for insurance contracts
Long-term borrowings 22,307,482.32 25,555,537.87
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liability 19,205,317.92 13,312,230.04
Long-term payables
Long-term payroll payable
Accrued liabilities 840,000.00 840,000.00
Deferred income 13,756,949.92 13,950,734.80
Deferred income tax liabilities 45,808,186.55 43,570,565.25
Other non-current liabilities
Total non-current liabilities 101,917,936.71 97,229,067.96
Total liabilities 5,056,345,266.50 5,268,551,761.29
Owner’s equity:
Share capital 276,180,000.00 276,180,000.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 2,239,904,753.76 2,226,848,878.76
Less: Treasury sshares
Other comprehensive income -36,853,204.89 -6,390,755.46
Special reserve 18,854,594.41 14,783,485.63
Surplus reserve 158,674,657.07 158,674,657.07
General risk reserve
Undistributed profit 2,626,199,050.05 2,238,628,036.71
Total owners' equity attributed to the
5,282,959,850.40 4,908,724,302.71
parent company
Minority interest 139,034,458.12 134,379,479.89
Total owner’s equity 5,421,994,308.52 5,043,103,782.60
Total liabilities and owners’ equity 10,478,339,575.02 10,311,655,543.89
Legal Representative: Wicky Wang Chief Accountant in Charge: Xing Bingpeng Chief of Accounting Institution: Zhang Baolin
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2022 Q1 Report To be a Global Leading Crop Protection Company
2. Consolidated income statement
Unit: RMB
Item Amount incurred in Q1 2022 Amount incurred in Q4 2021
I. Gross Operating Income 3,119,046,203.43 1,811,987,233.25
Including: Operating income 3,119,046,203.43 1,811,987,233.25
Interest income
Premium earned
Handling charges and
commissions income
II. Total Operating Costs 2,683,271,106.81 1,703,919,011.52
Including: Operating costs 2,407,497,426.79 1,572,034,075.13
Interest expenses
Handling charges and
commission expenses
Surrender value
Net payments for
insurance claims
Net withdrawal of reserve
for insurance responsibility contracts
Expenditures of policy
dividend
Re-insurance expenses
Taxes and surcharges 4,284,721.90 3,289,728.42
Sales expenses 46,948,661.90 29,879,244.83
Management expenses 95,729,283.94 55,848,194.81
R&D expenditures 89,023,043.97 39,604,702.74
Financial expenses 39,787,968.31 3,263,065.59
Including: Interest
3,963,794.98 6,900,132.63
expenses
Interest income 12,370,112.07 7,559,060.48
Add: Other income 830,854.19 10,175,944.89
Income from investment (“-”
28,854,869.96 69,851,489.39
for loss)
Including: Income from
investments in associated enterprises -154,582.20 19,635.23
and joint ventures
Income recognized at
termination of financial assets
measured at amortized cost
Foreign exchange gain ("-"
for loss)
Net exposure hedging
income ("-" for loss)
Income from changes in fair
7,793,443.00 -65,032,162.30
value ("-" for loss)
Credit impairment losses ("-"
-27,370,228.25 -5,368,653.39
for loss)
Asset impairment losses ("-"
-82,433.27 436,876.42
for loss)
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2022 Q1 Report To be a Global Leading Crop Protection Company
Gains from asset disposal
48,006.49
("-" for loss)
III. Operating Profit ("-" for loss) 445,801,602.25 118,179,723.23
Add: Non-operating income 7,403,049.27 5,524,461.42
Less: Non-operating expenses 10,541,457.40 1,018,048.89
IV. Total Profit Before Tax (“-” for
442,663,194.12 122,686,135.76
total losses)
Less: Income tax expenses 50,034,413.97 16,473,904.54
V. Net Profit ("-" for net loss) 392,628,780.15 106,212,231.22
(I) Classification by business
continuity
1. Net profit from continuing
392,628,780.15 106,212,231.22
operations (“-” for net loss)
2. Net profit from discontinued
operations (“-” for net loss)
(II) Classification by ownership
1. Net profit attributable to the
387,571,013.34 96,143,598.31
owners of the parent company
2. Profit or loss of minority
5,057,766.81 10,068,632.91
shareholders
VI. Net Amount after Tax of Other
-30,865,238.01 -36,369.05
Comprehensive Income
Net amount of other comprehensive
income after tax attributed to the -30,462,449.43 168,282.40
owners of the parent company
(I) Other comprehensive income
that cannot be reclassified into profits
or losses
1. Changes due to
re-measurement on defined benefit
plan
2. Other comprehensive
income that cannot be converted into
profit and loss under the equity method
3. Changes in fair value of
other equity instrument investments
4. Changes in the fair
value of the credit risk of the enterprise
5. Other
(ii) Other comprehensive income
that will be reclassified into profits or -30,462,449.43 168,282.40
losses
1. Other comprehensive
income that can be converted to profits
or losses under the equity method
2. Changes in fair value
for other investment on bonds
3. Amount of financial
assets reclassified into other
comprehensive income
4. Provision for credit
impairment of other debt investments
5. Cash flow hedge reserve
6. Difference of foreign -30,462,449.43 168,282.40
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2022 Q1 Report To be a Global Leading Crop Protection Company
currency financial statement translation
7. Other
Net amount of other comprehensive
income after tax attributed to minority -402,788.58 -204,651.45
shareholders
VII. Total Comprehensive Income 361,763,542.14 106,175,862.17
Total comprehensive income
attributed to the owners of the parent 357,108,563.91 96,311,880.71
company
Total comprehensive income
4,654,978.23 9,863,981.46
attributed to minority shareholders
VIII. Earnings per Share:
(i) Basic earnings per share 1.400 0.46
(ii) Diluted earnings per share 1.400 0.46
For business combination under the same control in the current period, the net profit of the merged party before the business
combination is RMB , and the net profit of the merged party in Q4 2021 is RMB .
Legal Representative: Wicky Wang Chief Accountant in Charge: Xing Bingpeng Chief of Accounting Institution: Zhang Baolin
3. Consolidated cash flow statement
Unit: RMB
Item Amount incurred in Q1 2022 Amount incurred in Q4 2021
I. Cash Flows Generated from
Operating Activities:
Cash received from sales of
2,674,661,553.48 2,043,046,760.58
goods and services
Net increase in deposits from
customers and interbank deposits
Net increase in borrowings from
the central bank
Net increase in borrowings from
other financial institutions
Cash receipts from premiums
under direct insurance contracts
Net cash receipts from
re-insurance business
Net cash receipts from
policyholders' deposits and
investments
Cash receipts from interest,
handling fees and commissions
Net increase in capital borrowed
from banks and other financial
institutions
Net increase in repurchase
business capital
Net cash received from
securities trading brokerage
Cash receipts from tax refunds 208,311,086.55 128,721,372.12
Cash received relating to other
16,271,111.44 18,310,012.04
operating activities
Subtotal of cash inflow in operating 2,899,243,751.47 2,190,078,144.74
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2022 Q1 Report To be a Global Leading Crop Protection Company
activities
Cash payments for goods
2,733,487,476.20 2,324,753,675.68
acquired and services received
Net increase in customer loans
and advances
Net increase in deposits in the
central bank and interbank deposits
Cash payments for original
insurance contract claims
Net increase in lending funds
from banks and other financial
institutions
Cash payments for interest, fee
and commission
Cash payments for insurance
policyholder dividends
Cash payments to employees
158,812,743.71 140,835,129.94
and on behalf of employees
Cash payments for taxes 70,510,904.78 25,898,714.25
Other cash payments relating to
160,652,832.36 84,362,261.84
operating activities
Subtotal of cash outflow in operating
3,123,463,957.05 2,575,849,781.71
activities
Net cash flow from operating
-224,220,205.58 -385,771,636.97
activities
II. Cash Flows from Investing
Activities:
Cash receipts from investment
withdrawal
Cash receipts from return on
investments
Net cash receipts from disposals
of fixed assets, intangible assets and 7,803,621.71 3,081,269.61
other long-term assets
Net cash receipts from disposal
of subsidiary or any other company
Other cash receipts relating to
29,157,529.54 69,831,854.16
investing activities
Subtotal of cash inflow in investment
36,961,151.25 72,913,123.77
activities
Cash payments to acquire or
construct fixed assets, intangible 66,081,447.96 93,381,703.94
assets and other long-term assets
Cash payments for investments
Net increase in pledged loans
Net cash payments to acquire
6,684,696.80
subsidiaries and other companies
Other cash payments relating to
investment activities
Subtotal of cash outflow in
72,766,144.76 93,381,703.94
investment activities
Net cash flow in investment activities -35,804,993.51 -20,468,580.17
III. Cash Flows from Financing
Activities:
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2022 Q1 Report To be a Global Leading Crop Protection Company
Cash received from capital
2,554,868.00
contributions
Including: Cash received from
investments of minority shareholders
of subsidiaries
Cash receipts from borrowings 122,562,192.80 305,774,601.38
Other cash receipts relating to
123,407,991.75 643,959,980.43
financing activities
Subtotal of cash inflow in financing
248,525,052.55 949,734,581.81
activities
Cash payments for debts 120,047,586.17 482,826,102.98
Cash payments for distribution
of dividends, profits, or cash 3,643,273.78 11,989,543.66
payments for interest expenses
Including: Dividends and profits
paid to minority shareholders by
subsidiaries
Other cash payments related to
financing activities
Subtotal of cash outflow in financing
123,690,859.95 494,815,646.64
activities
Net cash flow from financing
124,834,192.60 454,918,935.17
activities
IV. Effect of Exchange Rate Changes
-3,151,518.74 -97,587,492.00
on Cash and Cash Equivalents
V. Net Increase in Cash and Cash
-138,342,525.23 -48,908,773.97
Equivalents
Add: Opening balance of cash
2,032,302,255.51 719,642,914.12
and cash equivalents
VI. Closing Balance of Cash and
1,893,959,730.28 670,734,140.15
Cash Equivalents
(II) Audit Report
Whether the First Quarter Report is audited
□ Yes √ No
The Company's First Quarter Report has not been audited.
In the case of any deviation from the explanations presented hereof, the 2022 First Quarter Report in Chinese version shall prevail.
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
Board of Directors
April 28, 2022
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