2022 Q3 Report To be a Global Leading Crop Protection Company
Stock code:301035 Stock abbreviation: Rainbow Agro Announcement No.: 2022-052
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
The Third 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 Third Quarter Report is audited
□ Yes No
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2022 Q3 Report To be a Global Leading Crop Protection Company
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 From the start of 2022 Year-on-year increase
Q3 2022
or decrease to the end of Q3 2022 or decrease
Operating income
4,137,087,681.52 50.75% 11,915,662,694.56 76.31%
(RMB)
Net profit attributable
to shareholders of the 418,239,540.16 138.62% 1,305,889,184.58 190.17%
Company (RMB)
Net profit attributable
to shareholders of the
Company excluding 419,545,222.57 136.58% 1,312,684,739.39 195.91%
non-recurring gains
and losses (RMB)
Net cash flow from
operating activities -- -- 2,115,819,098.24 601.80%
(RMB)
Basic earnings per
1.51 118.84% 4.73 134.16%
share (RMB/Share)
Diluted earnings per
1.52 120.29% 4.75 135.15%
share (RMB/Share)
Weighted average
7.19% 2.93% 23.93% 10.46%
return on net assets
Increase or decrease of the current reporting
End of Q3 2022 End of 2021
period compared with the end of the last year
Total assets (RMB) 13,809,941,168.30 10,311,655,543.89 33.93%
Equity attributable to
shareholders of the 6,032,937,128.56 4,908,724,302.71 22.90%
Company (RMB)
(II) Items and Amounts of Non-recurring Gains and Losses
Applicable □ Not applicable
Unit: RMB
From the start of 2022 to the
Item Amount of Q3 2022 Notes
end of Q3 2022
Gain and loss on disposal of
non-current assets (including
-6,201,328.30 -21,939,780.20
the write-off portion of asset
impairment provision)
Government subsidies
included in current gains and
losses (closely related to
normal operational business
of the Company, excluding 2,175,550.64 9,852,312.17
the continuous government
subsidies of certain amount
or quota complying with
national policies)
Other non-operating revenue 2,799,749.64 4,168,200.78
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2022 Q3 Report To be a Global Leading Crop Protection Company
and expenditure other than
those mentioned above
Less: affected amount of
104,720.89 -1,116,414.65
income tax
Affected amount of
minority shareholders' equity -25,066.50 -7,297.79
(after tax)
Total -1,305,682.41 -6,795,554.81 --
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
Friday, September Saturday,
Item Change Reason for change
30, 2022 January 1, 2022
Monetary Mainly caused by increase in collected payments during the
5,475,298,834.68 3,724,744,059.71 47.00%
funds reporting period
Financial
Mainly caused by repurchase of financial products during the
assets held 6,000,000.00 200,000,000.00 -97.00%
reporting period
for trading
Notes Mainly caused by increase of notes endorsed and not due during
58,147,122.76 35,385,609.76 64.32%
receivable the reporting period
Accounts Mainly caused by increase in accounts receivable due to revenue
3,823,556,208.16 2,328,358,879.35 64.22%
receivable growth during the reporting period
Pre- Mainly caused by prepayments for materials during the reporting
118,737,234.62 77,313,374.04 53.58%
payments period
Other Mainly caused by increase in advanced borrowing for covering
27,862,788.27 11,576,269.72 140.69%
receivables domestic and overseas travel expenses during the reporting period
Other
Mainly caused by increase in VAT to be deducted and taxes to be
current 352,479,320.96 264,431,341.13 33.30%
paid in advance during the reporting period
assets
Fixed Mainly caused by transfer in completion projects of construction in
1,611,461,003.66 1,218,635,770.03 32.23%
assets progress during the reporting period
Mainly caused by acquisition of new businesses during the reporting
Goodwill 49,941,550.10 26,949,350.10 85.32%
period
Long-term
Mainly caused by increase in renovation costs
deferred 2,927,013.76 1,972,932.08 48.36%
of rented offices during the reporting period
expenses
Deferred
Mainly caused by increase in unrealized profits from internal
income tax 127,977,537.40 46,893,086.34 172.91%
transactions during the reporting period
assets
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2022 Q3 Report To be a Global Leading Crop Protection Company
Notes Mainly caused by increase in payments for materials by notes
5,234,477,673.42 3,369,427,627.30 55.35%
payable during the reporting period
Contract Mainly caused by increase in advances on sales during the reporting
147,446,162.49 45,096,633.96 226.96%
liability period
Taxes Mainly caused by increase in income tax payable during the
167,180,279.48 83,154,482.55 101.05%
payable reporting period
Other Mainly caused by increase in payments on behalf of others for
38,728,107.86 29,657,941.65 30.58%
payables customs clearance during the reporting period
Long-term Mainly caused by repayments of bank loans during the reporting
14,867,073.83 25,555,537.87 -41.82%
loan period
2. Income Statement
Unit: RMB
January-September January-September
Item Change Reason for change
2022 2021
Mainly caused by business growth during the reporting
Operating income 11,915,662,694.56 6,758,348,369.76 76.31%
period
Mainly caused by cost growth due to revenue growth
Operating cost 9,425,611,062.95 5,685,663,432.41 65.78%
during the reporting period
Taxes and Mainly caused by increase in taxes during the reporting
32,485,279.48 9,204,000.72 252.95%
surcharges period
Management Mainly caused by increase in equity incentive expenses
308,254,477.92 174,121,224.24 77.03%
expenses during the reporting period
Mainly caused by increase in R&D investment during the
R&D expenditures 303,778,314.48 174,498,528.02 74.09%
reporting period
Mainly caused by increase in exchange gains during the
Financial expenses -436,359,035.46 55,680,075.74 -883.69%
reporting period
Mainly caused by the reduction in government subsidies
Other income 4,853,353.35 13,271,917.32 -63.43%
included in other incomes during the reporting period
Mainly caused by more loss in forward exchange
Investment returns -60,492,810.75 179,803,594.64 -133.64%
settlement business during the reporting period
Income from Mainly caused by more changes in fair value of forward
-399,356,767.11 -102,478,722.75 -289.70%
changes in fair value exchange settlement business during the reporting period
Credit impairment Mainly caused by increase in bad debts of accounts
-80,290,630.61 -14,655,973.32 -447.84%
losses receivable during the reporting period
Asset impairment Mainly caused by the reversal of reserve for inventory
1,738,356.82 -1,028,721.46 268.98%
losses depreciation during the reporting period
Gains from asset Mainly caused by proceeds from disposal of non-current
126,624.97 -6,576.44 2025.43%
disposal assets during the reporting period
Mainly caused by the increase in government subsidies
Non-operating
10,303,761.73 5,118,584.23 101.30% included in non-operating income during the reporting
income
period
Non-operating Mainly caused by increase in non-current assets scrap loss
23,203,007.30 10,830,252.10 114.24%
expenses during the reporting period
3. Consolidated cash flow statement
Unit: RMB
January-September January-September
Item Change Reason for change
2022 2021
Net cash flow from Mainly caused by increase in collected payments due to
2,115,819,098.24 301,483,993.55 601.80%
operating activities year-on-year revenue growth during the reporting period
Net cash flow from Mainly caused by increase in payment of financing
-1,278,718,840.25 1,155,389,538.13 -210.67%
financing activities deposit during the reporting period
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2022 Q3 Report To be a Global Leading Crop Protection Company
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 voting
Number of common shareholders as
8,120 rights have been restored as of the end of Q3 0
of the end of Q3 2022
2022 (if any)
Shareholding of the top ten shareholders
Quantity of Pledge, mark or freeze
Name of Shareholder Shareholding Shareholding
restricted
shareholder nature ratio quantity Share status Quantity
shares held
Domestic
Shandong Rainbow non-state-
41.61% 114,911,237 114,911,237 Pledge 23,301,837
Investment Co., Ltd owned legal
person
Overseas legal
KONKIA INC 22.16% 61,191,800 61,191,800
person
Shandong Rainbow Domestic
Agriculture non-state-
4.75% 13,105,690 13,105,690
Investment Co., owned legal
Ltd. person
Domestic
Shenzhen Xingdafa
non-state-
Technology Co., 2.99% 8,264,487 0
owned legal
Ltd.
person
Domestic
Jinan Xinbo
non-state-
Investment Co., 2.84% 7,856,786 0 Pledge 7,856,786
owned legal
Ltd.
person
Industrial and
Commercial Bank
of China Co., Ltd. -
BOCOM Schroder Other 2.21% 6,110,168 0
Trend Priority
Hybrid Securities
Investment Fund
Guotai Fund - Bank
of Communications
- Guotai Fund
Other 1.31% 3,607,415 0
Boyuan No. 20
Collective Assets
Management Plan
China Construction
Bank Corporation -
Guotai Great
Other 1.21% 3,339,452 0
Health Equity
Securities
Investment Fund
China Merchants
Bank Co., Ltd. -
BOCOM Schroder
Other 0.73% 2,009,964 0
Qicheng Hybrid
Securities
Investment Fund
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2022 Q3 Report To be a Global Leading Crop Protection Company
Bank of
Communications
Co., Ltd. - Guotai
Jinying Growth and Other 0.69% 1,891,928 0
Flexibly Allocated
Hybrid Securities
Investment Fund
Shareholding of top ten shareholders of unrestricted shares
Type of shares
Name of shareholder Quantity of unrestricted shares held
Type of shares Quantity
RMB-
Shenzhen Xingdafa Technology Co., denominated
8,264,487 8,264,487
Ltd. common
shares
RMB-
denominated
Jinan Xinbo Investment Co., Ltd. 7,856,786 7,856,786
common
shares
Industrial and Commercial Bank of RMB-
China Co., Ltd. - BOCOM Schroder denominated
6,110,168 6,110,168
Trend Priority Hybrid Securities common
Investment Fund shares
Guotai Fund - Bank of RMB-
Communications - Guotai Fund denominated
3,607,415 3,607,415
Boyuan No. 20 Collective Assets common
Management Plan shares
RMB-
China Construction Bank Corporation
denominated
- Guotai Great Health Equity 3,339,452 3,339,452
common
Securities Investment Fund
shares
RMB-
China Merchants Bank Co., Ltd. -
denominated
BOCOM Schroder Qicheng Hybrid 2,009,964 2,009,964
common
Securities Investment Fund
shares
Bank of Communications Co., Ltd. - RMB-
Guotai Jinying Growth and Flexibly denominated
1,891,928 1,891,928
Allocated Hybrid Securities common
Investment Fund shares
RMB-
Hong Kong Securities Clearing denominated
1,751,501 1,751,501
Company Ltd. common
shares
Yuanxin (Zhuhai) Private Equity Fund RMB-
Management Co., Ltd. - Citic Capital denominated
1,403,930 1,403,930
China Value Growth No. 1 Private common
Securities Investment Fund shares
RMB-
Guotai Fund - Bank of Shanghai -
denominated
Guotai Fund Gewu No. 2 Collective 1,327,038 1,327,038
common
Assets Management Plan
shares
Shandong Rainbow Investment Co., Ltd., KONKIA INC and Shandong
Runnong Investment Co., Ltd. are enterprises controlled by Wencai
Explanation of the above-mentioned shareholder Wang, Guoqing Sun and Hongbing Qiu, the actual controllers of the
relationship or concerted action Company Apart from that, the 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 securities Not applicable
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2022 Q3 Report To be a Global Leading Crop Protection Company
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
Number of Number of
Number of Number of
restricted restricted
restricted restricted Date from
shares held at shares
Name of shares lifted shares held at Reason of the which the
the beginning increased
shareholder during the the end of the restrictions restrictions will
of the during the
reporting reporting be lifted
reporting reporting
period period
period period
Number of
Shandong
restricted
Rainbow Sunday, July
114,911,237 0 0 114,911,237 shares held
Investment Co., 28, 2024
before the
Ltd
initial offering
Number of
restricted
Sunday, July
KONKIAINC 61,191,800 0 0 61,191,800 shares held
28, 2024
before the
initial offering
Shandong Number of
Rainbow restricted
Sunday, July
Agriculture 13,105,690 0 0 13,105,690 shares held
28, 2024
Investment Co., before the
Ltd. initial offering
Number of
Shenzhen
restricted
Xingdafa Thursday, July
8,264,487 8,264,487 0 0 shares held
Technology 28, 2022
before the
Co., Ltd.
initial offering
Number of
Jinan Xinbo restricted
Thursday, July
Investment Co., 7,856,786 7,856,786 0 0 shares held
28, 2022
Ltd. before the
initial offering
Shandong
Number of
Agricultural
restricted
University Thursday, July
1,800,000 1,800,000 0 0 shares held
Education 28, 2022
before the
Development
initial offering
Foundation
Total 207,130,000 17,921,273 0 189,208,727
III. Other important matters
□ Applicable Not applicable
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2022 Q3 Report To be a Global Leading Crop Protection Company
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated balance sheet
Prepared by: Shandong Weifang Rainbow Chemical Co., Ltd.
Unit: RMB
Item Friday, September 30, 2022 Saturday, January 1, 2022
Current assets:
Monetary funds 5,475,298,834.68 3,724,744,059.71
Deposit reservation for balance
Lending to banks and other financial
institutions
Financial assets held for trading 6,000,000.00 200,000,000.00
Derivative financial assets 48,922,283.50
Notes receivable 58,147,122.76 35,385,609.76
Accounts receivable 3,823,556,208.16 2,328,358,879.35
Receivables financing 100,000.00
Pre-payments 118,737,234.62 77,313,374.04
Premium receivable
Re-insurance accounts receivable
Reserves for re-insurance contract
receivable
Other receivables 27,862,788.27 11,576,269.72
Including.: interest receivable
Dividends receivable
Financial assets purchased under
resale agreement
Inventory 1,702,760,783.29 1,775,113,092.67
Contracted assets
Assets held for sale
Non-current assets that mature within
one year
Other current assets 352,479,320.96 264,431,341.13
Total current assets 11,564,842,292.74 8,465,944,909.88
Non-current assets:
Disbursed loans and advances
Debt investments
Other debt investment
Long-term receivables
Long-term equity investment 1,724,734.32 1,810,538.69
Other equity instrument investment
Other non-current financial assets
Investment real estate 9,292,370.15
Fixed assets 1,611,461,003.66 1,218,635,770.03
Construction in progress 204,476,795.79 281,855,456.95
Productive biological assets
Oil and gas assets
Assets with rights of use 18,838,121.95 18,876,699.07
Intangible assets 124,493,915.40 118,003,684.46
Development expenditure
Goodwill 49,941,550.10 26,949,350.10
Long-term deferred expenses 2,927,013.76 1,972,932.08
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2022 Q3 Report To be a Global Leading Crop Protection Company
Deferred income tax assets 127,977,537.40 46,893,086.34
Other non-current assets 93,965,833.03 130,713,116.29
Total non-current assets 2,245,098,875.56 1,845,710,634.01
Total assets 13,809,941,168.30 10,311,655,543.89
Current liabilities:
Short-term loan 591,201,791.07 550,348,417.31
Borrowings from the central bank
Borrowing from banks and financial
institutions
Financial liabilities held for trading
Derivative financial liabilities 349,435,871.51
Notes payable 5,234,477,673.42 3,369,427,627.30
Accounts payable 752,816,944.51 879,276,036.26
Advance receipts 2,624,536.52
Contract liability 147,446,162.49 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 179,873,374.64 154,700,982.42
Taxes payable 167,180,279.48 83,154,482.55
Other payables 38,728,107.86 29,657,941.65
Including: Interests payable
Dividends payable
Charges and commissions payable
Re-insurance accounts payable
Liabilities held for sale
Non-current liabilities due within one
18,780,200.27 19,679,032.26
year
Other current liabilities 46,210,130.65 37,357,003.10
Total current liabilities 7,526,150,535.90 5,171,322,693.33
Non-current liabilities:
Provision for insurance contracts
Long-term loan 14,867,073.83 25,555,537.87
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liability 15,034,336.79 13,312,230.04
Long-term payables
Long-term payroll payable
Accrued liabilities 840,000.00
Deferred income 13,417,380.13 13,950,734.80
Deferred income tax liabilities 42,797,133.11 43,570,565.25
Other non-current liabilities
Total non-current liabilities 86,115,923.86 97,229,067.96
Total liabilities 7,612,266,459.76 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 2,266,016,503.74 2,226,848,878.76
Less: Treasury stock
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2022 Q3 Report To be a Global Leading Crop Protection Company
Other comprehensive income -2,788,739.77 -6,390,755.46
Special reserve 20,395,426.24 14,783,485.63
Surplus reserve 158,674,657.07 158,674,657.07
General risk reserve
Undistributed profit 3,314,459,281.28 2,238,628,036.71
Total owners' equity attributed to
6,032,937,128.56 4,908,724,302.71
parent company
Minority shareholder’s interest 164,737,579.98 134,379,479.89
Total owner’s equity 6,197,674,708.54 5,043,103,782.60
Total liabilities and owners’ equity 13,809,941,168.30 10,311,655,543.89
Legal Representative: Wicky Wang Chief Accountant in Charge: Xing Bingpeng Chief of Accounting
Institution: Zhang Baolin
2. Consolidated income statement from the start of 2022 to the end of Q3 2022
Unit: RMB
Item Amount incurred in Q3 2022 Amount incurred in Q2 2022
I. Gross Operating Income 11,915,662,694.56 6,758,348,369.76
Including: Operating income 11,915,662,694.56 6,758,348,369.76
Interest income
Premium earned
Handling charges and
commissions income
II. Total Operating Costs 9,822,444,784.16 6,251,917,125.47
Including: Costs of business 9,425,611,062.95 5,685,663,432.41
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 expense
Taxes and surcharges 32,485,279.48 9,204,000.72
Sales expenses 188,674,684.79 152,749,864.34
Management expenses 308,254,477.92 174,121,224.24
R&D expenditures 303,778,314.48 174,498,528.02
Financial expenses -436,359,035.46 55,680,075.74
Including: Interest expenses 12,752,415.52 13,191,565.80
Interest income 23,243,044.73 18,369,301.60
Add: Other incomes 4,853,353.35 13,271,917.32
Income from investment (“－”
-60,492,810.75 179,803,594.64
for loss)
Including: Income from
investment in associated enterprises and -85,804.37 -145,685.92
joint ventures
Income recognized
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2022 Q3 Report To be a Global Leading Crop Protection Company
at termination of financial assets
measured at amortized cost
Foreign exchange gain ("-" fro
loss)
Net exposure hedging income ("-
" for loss)
Income from changes in fair
-399,356,767.11 -102,478,722.75
value ("-" for loss)
Credit impairment losses ("-" for
-80,290,630.61 -14,655,973.32
loss)
Asset impairment losses ("-" for
1,738,356.82 -1,028,721.46
loss)
Gains from asset disposal ("-" for
126,624.97 -6,576.44
loss)
III. Operating Profit ("-" for loss) 1,559,796,037.07 581,336,762.28
Add: Non-operating income 10,303,761.73 5,118,584.23
Less: Non-operating expenses 23,203,007.30 10,830,252.10
IV. Total Profit Before Tax (“-” for total
1,546,896,791.50 575,625,094.41
losses)
Less: Income tax expenses 201,047,731.59 92,891,773.21
V. Net Profit ("-" for net loss) 1,345,849,059.91 482,733,321.20
(I) Classification by business continuity
1. Net profit from continuing
1,345,849,059.91 482,733,321.20
operations (“-” for net loss)
2. Net profit from discontinued
operations (“-” for net loss)
(II) Classification by ownership
1. Net profit attributed to the
shareholders of the parent company ("-" 1,305,889,184.58 450,047,902.56
for net loss)
2. Profit or loss of minority
39,959,875.33 32,685,418.64
shareholders ("-" for net loss)
VI. Net Amount after Tax of Other
3,712,236.45 -10,687,192.93
Comprehensive Income
Net amount of other comprehensive
income after tax attributed to the 3,602,015.69 -9,963,573.16
owners of parent company
(I) Other comprehensive income
that cannot be reclassified into profit or
loss
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 profit and 3,602,015.69 -9,963,573.16
loss
1. Other comprehensive income
that can be converted to profit or loss
under the equity method
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2022 Q3 Report To be a Global Leading Crop Protection Company
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 creditor's rights
investment
5. Cash flow hedge reserve
6. Difference of foreign currency
3,602,015.69 -9,963,573.16
financial statement translation
7. Other
Net amount of other comprehensive
income after tax attributed to minority 110,220.76 -723,619.77
shareholders
VII. Total Comprehensive Income 1,349,561,296.36 472,046,128.27
(I) Total comprehensive income
1,309,491,200.27 440,084,329.40
attributed to parent company owners
(II) Total comprehensive income
40,070,096.09 31,961,798.87
attributed to minority shareholders
VIII. Earnings per Share:
(i) Basic earnings per share 4.73 2.02
(ii) Diluted earnings per share 4.75 2.02
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 the previous period is RMB .
Legal Representative: Wicky Wang Chief Accountant in Charge: Xing Bingpeng Chief of Accounting
Institution: Zhang Baolin
3. Consolidated cash flow statement from the start of 2022 to the end of Q3 2022
Unit: RMB
Item Amount incurred in Q3 2022 Amount incurred in Q2 2022
I. Cash Flows Generated from Operating
Activities:
Cash received from sales of goods and
10,331,084,547.51 6,889,339,845.42
services
Net increase in deposit from
customers and interbank
Net increase in borrowing from
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
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2022 Q3 Report To be a Global Leading Crop Protection Company
trading brokerage
Cash receipts from tax refunds 763,158,589.71 441,858,884.13
Cash received relating to other
47,785,370.79 35,026,707.61
operating activities
Subtotal of cash inflow in business
11,142,028,508.01 7,366,225,437.16
activities
Cash payments for goods acquired
7,603,969,243.17 6,268,993,526.84
and services received
Net increase in customer loans and
advances
Net increase in deposits in central
bank and interbank
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 and on
375,679,053.03 315,357,242.38
behalf of employees
Cash payments for taxes 370,658,836.48 133,664,648.15
Other cash payments relating to
675,902,277.09 346,726,026.24
operating activities
Subtotal of cash outflow in business
9,026,209,409.77 7,064,741,443.61
activities
Net cash flow from operating activities 2,115,819,098.24 301,483,993.55
II. Cash Flows from Investing Activities:
Cash receipts from investment
200,000,000.00 0.00
withdrawal
Cash receipts from return on
investments
Net cash receipts from disposals of
fixed assets, intangible assets and other 6,080,625.78 12,524,555.81
long-term assets
Net cash receipts from disposal of
subsidiary or any other business unit
Other cash receipts relating to
40,238,346.18 178,697,474.16
investing activities
Subtotal of cash inflow in investment
246,318,971.96 191,222,029.97
activities
Cash payments to acquire or
construct fixed assets, intangible assets 329,149,933.00 385,991,069.94
and other long-term assets
Cash payments for investment
Net increase in pledged loans
Net cash payments to acquire
6,684,696.80
subsidiary and other business units
Other cash payments relating to
105,021,092.70
investment activities
Subtotal of cash outflow in investment
440,855,722.50 385,991,069.94
activities
Net cash flow in investment activities -194,536,750.54 -194,769,039.97
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2022 Q3 Report To be a Global Leading Crop Protection Company
III. Cash Flows from Financing Activities:
Cash received from capital
2,554,868.00 1,452,906,245.28
contributions
Including: Cash received from
investment of minority shareholder from
subsidiary
Cash receipts from borrowings 664,777,283.11 944,854,152.53
Other cash receipts relating to
financing activities
Subtotal of cash inflow in financing
667,332,151.11 2,397,760,397.81
activities
Cash repayments of borrowings 726,328,623.21 990,607,261.54
Cash payments for distribution of
dividends, profits, or cash payments for 248,281,618.61 163,804,440.40
interest expenses
Including: Dividends and profits
paid to minority shareholders by
subsidiaries
Other cash paid related to financing
971,440,749.54 87,959,157.74
activities
Subtotal of cash outflow in financing
1,946,050,991.36 1,242,370,859.68
activities
Net cash flow from financing activities -1,278,718,840.25 1,155,389,538.13
IV. Effect of Exchange Rate Changes on
39,736,550.41 -63,901,745.14
Cash and Cash Equivalents
V. Net Increase in Cash and Cash
682,300,057.86 1,198,202,746.57
Equivalents
Add: Beginning balance of cash and
2,032,302,255.51 719,642,914.12
cash equivalents
VI. Closing Balance of Cash and Cash
2,714,602,313.37 1,917,845,660.69
Equivalents
(II) Audit Report
Whether the Third Quarter Report is audited
□ Yes No
The Company's Third Quarter Report has not been audited.
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
Board of Directors
Friday, October 28, 2022
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