2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
Stock code:301035 Stock abbreviation: Rainbow Agro Announcement No.: 2023-031
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
The First Quarter Report of 2023
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.
Prompts of Important Matters:
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
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2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
I. Key Financial Data
(1) Main accounting data and financial indicators
Whether the Company needs to retroactively adjust or restate the accounting data of previous years
□ Yes No
YoY increase/decrease in this
Q1 2023 Q1 2022
reporting period (%)
Operating income (RMB) 2,233,266,009.68 3,119,046,203.43 -28.40%
Net profit attributable to
shareholders of the Company 182,814,094.72 387,571,013.34 -52.83%
(RMB)
Net profit attributable to
shareholders of the Company
182,952,103.05 389,050,777.23 -52.97%
excluding non-recurring gains
and losses (RMB)
Net cash flow from operating
-438,843,869.41 -224,220,205.58 -95.72%
activities (RMB)
Basic earnings per share
0.66 1.40 -52.86%
(RMB/Share)
Diluted earnings per share
0.65 1.39 -53.24%
(RMB/Share)
Weighted average return on
2.91% 7.62% -4.71%
net assets
YoY increase/decrease at the
End of Q1 2023 End of 2022 end of this reporting period
(%)
Total assets (RMB) 10,819,638,626.46 11,598,874,181.42 -6.72%
Equity attributable to
shareholders of the Company 6,362,719,929.70 6,184,265,166.56 2.89%
(RMB)
(2) Non-recurring profit and loss items and amounts
Applicable □ Not applicable
Unit: RMB
Item Amount of Q1 2023 Notes
Gain and loss on disposal of non-current
assets (including the write-off portion of -3,577,780.00
asset impairment provision)
Government subsidies included in
current gains and losses (closely related
to normal operational business of the
Company, excluding the continuous 2,266,880.15
government subsidies of certain amount
or quota complying with national
policies)
Profits and losses in fair value from
trading financial assets and trading
33,361.85
financial liabilities, as well as investment
income from disposal of trading financial
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2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
assets, trading financial liabilities, and
financial assets available for sale, except
for effective hedging business related to
the normal operation of the Company
Other non-operating revenue and
expenditure other than those mentioned 1,351,320.43
above
Less: affected amount of income tax 135,793.85
Affected amount of minority
75,996.91
shareholders' equity (after tax)
Total -138,008.33
Details of other profit and loss items that meet the definition of non-recurring profit 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.
(3) Changes in major accounting data and financial indicators and reasons for such changes
Applicable □ Not applicable
1. Balance sheet items
Unit: RMB
Saturday,
Friday, March
Item December 31, Change Reason for change
31, 2023
2022
Mainly caused by an increase in prepayment for raw material
Pre-payments 133,353,633.41 75,294,804.30 77.11%
procurement during the reporting period
Other non- Mainly caused by an increase in prepayment for construction projects
116,865,998.62 69,616,034.81 67.87%
current assets and equipment during the reporting period
Short-term loan 666,262,377.38 404,206,509.66 64.83% Mainly caused by an increase in trade loans during the reporting period
Derivative
Mainly caused by fluctuations in the value of the forward foreign
financial 33,415,621.70 122,183,523.97 -72.65%
exchange settlement and sale business during the reporting period
liabilities
Contract Mainly caused by increase in customer payments accepted in advance
67,781,159.59 46,035,630.83 47.24%
liability during the reporting period
Other current Mainly caused by a decrease in endorsed yet undue acceptance bills
18,044,888.76 59,862,778.90 -69.86%
liabilities during the reporting period
2. Income statement items
Unit: RMB
January-March January-March
Item Change Reason for change
2023 2022
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2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
Mainly caused by increase in staff remuneration and registration fees
Sales expenses 75,879,447.34 46,948,661.90 61.62%
during the reporting period
Financial Mainly caused by the increase in losses due to exchange rate
60,017,682.80 39,787,968.31 50.84%
expenses fluctuations during the reporting period
Investment Mainly caused by the increase in forward foreign exchange
-35,302,194.73 28,854,869.96 -222.34%
returns settlement losses during the reporting period
Income from
Mainly caused by changes in fair value of the forward foreign
changes in fair 96,528,024.70 7,793,443.00 1138.58%
exchange settlement and sale business during the reporting period
value
Credit impairment Mainly caused by the decrease in bad debt provision for accounts
27,806,314.28 -27,370,228.25 201.59%
losses receivable during the reporting period
II. Shareholder Information
(1) The total number of common shareholders, the number of preferred shareholders with restored
voting rights, and the shareholding status of the top ten shareholders
Unit: Share
Number of common shareholders Number of preferred shareholders whose voting rights
12,013 0
as of the end of Q1 2023 have been restored as of the end of Q1 2023 (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
Shandong
Domestic non-
Rainbow
state-owned 41.47% 114,911,237.00 114,911,237.00 Pledge 16,100,000.00
Investment Co.,
legal person
Ltd
Overseas legal
KONKIA INC 22.08% 61,191,800.00 61,191,800.00
person
Shandong
Rainbow Domestic non-
Agriculture state-owned 4.73% 13,105,690.00 13,105,690.00
Investment Co., legal person
Ltd.
Jinan Xinbo Domestic non-
Investment Co., state-owned 2.83% 7,840,686.00 0.00 Pledge 6,827,700.00
Ltd. legal person
Domestic
Pei Xubo 2.81% 7,800,011.00 0.00
natural person
Industrial and
Commercial
Bank of China
Co., Ltd. -
BOCOM
Other 2.74% 7,587,490.00 0.00
Schroder Trend
Priority Hybrid
Securities
Investment
Fund
Hong Kong
Securities
Overseas legal
Clearing 2.12% 5,863,976.00 0.00
person
Company Ltd.
(HKSCC)
Orient Other 1.75% 4,843,468.00 0.00
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2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
Securities
Company
Limited -
Zhonggeng
Value Pioneer
Equity
Securities
Investment
Fund
China
Merchants
Bank Co., Ltd.
- BOCOM
Schroder
Other 0.73% 2,009,964.00 0.00
Qicheng
Hybrid
Securities
Investment
Fund
China
Construction
Bank
Corporation -
Guotai Great Other 0.57% 1,577,667.00 0.00
Health Equity
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-
Jinan Xinbo Investment Co., Ltd. 7,840,686.00 denominated 7,840,686.00
common shares
RMB-
Pei Xubo 7,800,011.00 denominated 7,800,011.00
common shares
Industrial and Commercial Bank
RMB-
of China Co., Ltd. - BOCOM
7,587,490.00 denominated 7,587,490.00
Schroder Trend Priority Hybrid
common shares
Securities Investment Fund
RMB-
Hong Kong Securities Clearing
5,863,976.00 denominated 5,863,976.00
Company Ltd. (HKSCC)
common shares
Orient Securities Company
RMB-
Limited - Zhonggeng Value
4,843,468.00 denominated 4,843,468.00
Pioneer Equity Securities
common shares
Investment Fund
China Merchants Bank Co., Ltd. - RMB-
BOCOM Schroder Qicheng 2,009,964.00 denominated 2,009,964.00
Hybrid Securities Investment Fund common shares
China Construction Bank RMB-
Corporation - Guotai Great Health 1,577,667.00 denominated 1,577,667.00
Equity Securities Investment Fund common shares
Yuanxin (Zhuhai) Private Equity 1,486,347.00 RMB- 1,486,347.00
5
2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
Fund Management Co., Ltd. - denominated
Yuanxin China Value Growth No. common shares
9 Private Securities Investment
Fund
Yuanxin (Zhuhai) Private Equity
Fund Management Co., Ltd. - RMB-
Citic Capital China Value Growth 1,008,945.00 denominated 1,008,945.00
No. 1 Private Securities common shares
Investment Fund
Yuanxin (Zhuhai) Private Equity
Fund Management Co., Ltd. - RMB-
CITIC Capital China High Quality 999,756.00 denominated 999,756.00
Enterprise Reverse Strategy common shares
Private Securities Investment Fund
Shandong Rainbow Investment Co., Ltd., KONKIA INC and Shandong
Runnong Investment Co., Ltd. are enterprises controlled by Wicky
Explanation of the above-mentioned shareholder
Wang, Guoqing Sun and Hongbing Qiu, the actual controllers of the
relationship or concerted action
Company The Company does not know whether the above-mentioned
other shareholders are associated or are persons acting in concert.
Pei Xubo holds 7,800,011 shares through the customer credit transaction
guarantee securities account of CITIC Securities (Shandong) Co., Ltd.
and 0 shares through common securities. A total of 7800011 shares are
held by Pei Xubo.
Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. - Yuanxin
China Value Growth No. 9 Private Securities Investment Fund holds
1,486,347 shares through the customer credit trading guarantee securities
account of CITIC Securities Co., Ltd., and 0 shares through common
securities. A total of 1486347 shares are held by Pei Xubo.
Engagement of the top 10 shareholders in securities Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. - CITIC
margin trading business (if any) Capital China Value Growth No. 1 Private Securities Investment Fund
holds 9,200 shares through China Galaxy Securities Co., Ltd.'s customer
credit transaction guarantee securities account, and 999,745 shares
through common securities. It holds a total of 1,008,945 shares.
Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. - CITIC
Capital China High Quality Enterprise Reverse Strategy Private
Securities Investment Fund holds 669,813 shares through CITIC
Securities Co., Ltd.'s customer credit transaction guarantee securities
account and 329,943 shares through common securities. It holds a total
of 999,756 shares.
(2) The number of preferred shareholders and the shareholding status of the top ten shareholders
□ Applicable Not applicable
(3) Changes in restricted shares
Applicable □ Not applicable
Unit: Share
Number of Increase in the
Number of Number of Proposed date
shares with number of
Name of restricted shares restricted shares Reason for on which
restriction restricted
shareholder at the beginning at the end of the restricted sale restriction is to
removed in shares in this
of the period period be removed
this period period
Shandong Pre-IPO
114,911,237.00 0.00 0.00 114,911,237.00 7/28/2024
Rainbow restricted
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2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
Investment Co., shares
Ltd
Pre-IPO
KONKIA INC 61,191,800.00 0.00 0.00 61,191,800.00 restricted 7/28/2024
shares
Shandong
Rainbow Pre-IPO
Agriculture 13,105,690.00 0.00 0.00 13,105,690.00 restricted 7/28/2024
Investment Co., shares
Ltd.
During the
tenure, 75% of
the total
number of
shares held by
Executive lock-
Shen Jie 29,940.00 0.00 0.00 29,940.00 the executive
in shares
will be
automatically
locked every
year according
to regulations.
During the
tenure, 75% of
the total
number of
shares held by
Executive lock-
Xing Bingpeng 25,335.00 0.00 0.00 25,335.00 the executive
in shares
will be
automatically
locked every
year according
to regulations.
The executive
left office on
October 8,
2021, and the
locked shares
Executive lock-
Wang Yucui 13,875.00 13,875.00 0.00 0.00 held by the
in shares
executive have
been due in
accordance
with relevant
regulations.
The executive
left office on
September 22,
2021, and the
locked shares
Executive lock-
Li Zhiqing 14,355.00 14,355.00 0.00 0.00 held by the
in shares
executive have
been due in
accordance
with relevant
regulations.
Total 189,292,232.00 28,230.00 0.00 189,264,002.00
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2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
III. Other important matters
□ Applicable Not applicable
IV. Quarterly Financial Statements
(1) Financial statements
1. Consolidated balance sheet
Prepared by: Shandong Weifang Rainbow Chemical Co., Ltd.
Friday, March 31, 2023
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 3,294,825,713.21 3,793,952,509.17
Deposit reservation for balance
Lending to banks and other financial
institutions
Financial assets held for trading 6,000,000.00 8,542,688.56
Derivative financial assets 7,760,760.50 0.00
Notes receivable 15,801,537.80 59,112,584.14
Accounts receivable 2,660,989,086.40 3,201,703,461.53
Receivables financing 0.00 680,000.00
Pre-payments 133,353,633.41 75,294,804.30
Premium receivable
Re-insurance accounts receivable
Reserves for re-insurance contract
receivable
Other receivables 51,013,674.39 33,525,890.70
Including.: interest receivable
Dividends receivable
Financial assets purchased under
resale agreement
Inventory 1,721,424,164.17 1,657,230,533.12
Contracted assets
Assets held for sale
Non-current assets that mature within
one year
Other current assets 219,890,450.88 184,823,557.40
Total current assets 8,111,059,020.76 9,014,866,028.92
Non-current assets:
Disbursed loans and advances
Debt investments
Other debt investment
Long-term receivables
Long-term equity investment 1,638,078.09 1,669,386.12
Other equity instrument investment
Other non-current financial assets
Investment real estate 8,980,298.99 9,136,334.57
Fixed assets 1,813,996,700.61 1,691,830,176.47
Construction in progress 319,191,032.09 360,840,138.91
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2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
Productive biological assets
Oil and gas assets
Assets with rights of use 15,565,583.72 15,379,959.49
Intangible assets 227,444,491.13 226,245,165.26
Development expenditure
Goodwill 94,866,025.56 94,866,025.56
Long-term deferred expenses 29,769,407.18 31,898,939.40
Deferred income tax assets 80,261,989.71 82,525,991.91
Other non-current assets 116,865,998.62 69,616,034.81
Total non-current assets 2,708,579,605.70 2,584,008,152.50
Total assets 10,819,638,626.46 11,598,874,181.42
Current liabilities:
Short-term loan 666,262,377.38 404,206,509.66
Borrowings from the central bank
Borrowing from banks and financial
institutions
Financial liabilities held for trading
Derivative financial liabilities 33,415,621.70 122,183,523.97
Notes payable 2,413,359,439.16 3,367,152,536.58
Accounts payable 668,845,757.72 753,042,513.89
Advance receipts 2,249,441.47 254,920.26
Contract liability 67,781,159.59 46,035,630.83
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 133,233,737.36 191,738,722.30
Taxes payable 91,639,650.72 106,896,314.07
Other payables 45,036,237.12 43,899,535.81
Including: Interests payable
Dividends payable
Charges and commissions payable
Re-insurance accounts payable
Liabilities held for sale
Non-current liabilities due within one
20,392,363.00 21,399,902.40
year
Other current liabilities 18,044,888.76 59,862,778.90
Total current liabilities 4,160,260,673.98 5,116,672,888.67
Non-current liabilities:
Provision for insurance contracts
Long-term loan 13,213,253.01 17,176,777.87
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liability 7,694,813.89 8,595,962.05
Long-term payables
Long-term payroll payable
Accrued liabilities
Deferred income 13,245,148.73 13,755,569.25
Deferred income tax liabilities 56,583,458.17 55,449,975.77
Other non-current liabilities
Total non-current liabilities 90,736,673.80 94,978,284.94
Total liabilities 4,250,997,347.78 5,211,651,173.61
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2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
Owner’s equity:
Share capital 277,115,744.00 277,115,744.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 2,313,713,150.92 2,301,293,600.92
Less: Treasury stock
Other comprehensive income -17,239,081.06 5,821,782.13
Special reserve 25,832,989.23 19,551,007.62
Surplus reserve 158,674,657.07 158,674,657.07
General risk reserve
Undistributed profit 3,604,622,469.54 3,421,808,374.82
Total owners' equity attributed to parent
6,362,719,929.70 6,184,265,166.56
company
Minority shareholder’s interest 205,921,348.98 202,957,841.25
Total owner’s equity 6,568,641,278.68 6,387,223,007.81
Total liabilities and owners’ equity 10,819,638,626.46 11,598,874,181.42
Legal Representative:Wicky Wang Chief Accountant in Charge:Xing Bingpeng Chief of Accounting Institution:Zhang Baolin
2. Consolidated income statement
Unit: RMB
Item Amount incurred in Q1 2023 Amount incurred in Q4 2022
I. Gross Operating Income 2,233,266,009.68 3,119,046,203.43
Including: Operating income 2,233,266,009.68 3,119,046,203.43
Interest income
Premium earned
Handling charges and
commissions income
II. Total Operating Costs 2,118,502,804.32 2,683,271,106.81
Including: Costs of business 1,814,538,181.24 2,407,497,426.79
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 9,314,127.45 4,284,721.90
Sales expenses 75,879,447.34 46,948,661.90
Management expenses 102,590,984.82 95,729,283.94
R&D expenditures 56,162,380.67 89,023,043.97
Financial expenses 60,017,682.80 39,787,968.31
Including: Interest expenses 5,399,475.19 3,963,794.98
Interest income 15,704,126.01 12,370,112.07
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2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
Add: Other incomes 2,246,880.15 830,854.19
Income from investment (“－”
-35,302,194.73 28,854,869.96
for loss)
Including: Income from
investment in associated enterprises and -31,308.03 -154,582.20
joint ventures
Income recognized 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
96,528,024.70 7,793,443.00
value ("-" for loss)
Credit impairment losses ("-" for
27,806,314.28 -27,370,228.25
loss)
Asset impairment losses ("-" for
-1,406,215.58 -82,433.27
loss)
Gains from asset disposal ("-" for
loss)
III. Operating Profit ("-" for loss) 204,636,014.18 445,801,602.25
Add: Non-operating income 3,582,516.56 7,403,049.27
Less: Non-operating expenses 5,029,861.03 10,541,457.40
IV. Total Profit Before Tax (“-” for total
203,188,669.71 442,663,194.12
losses)
Less: Income tax expenses 9,733,671.77 50,034,413.97
V. Net Profit ("-" for net loss) 193,454,997.94 392,628,780.15
(I) Classification by business
continuity
1. Net profit from continuing
193,454,997.94 392,628,780.15
operations (“-” for net loss)
2. Net profit from discontinued
operations (“-” for net loss)
(II) Classification by ownership
1. Net profit attributable to the
182,814,094.72 387,571,013.34
owners of the parent company
2. Profit or loss of minority
10,640,903.22 5,057,766.81
shareholders
VI. Net Amount after Tax of Other
-30,738,258.68 -30,865,238.01
Comprehensive Income
Net amount of other comprehensive
income after tax attributed to the owners -23,060,863.19 -30,462,449.43
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
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2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
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 -23,060,863.19 -30,462,449.43
loss
1. Other comprehensive income
that can be converted to profit or loss
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 creditor's rights investment
5. Cash flow hedge reserve
6. Difference of foreign currency
-23,060,863.19 -30,462,449.43
financial statement translation
7. Other
Net amount of other comprehensive
income after tax attributed to minority -7,677,395.49 -402,788.58
shareholders
VII. Total Comprehensive Income 162,716,739.26 361,763,542.14
Total comprehensive income
159,753,231.53 357,108,563.91
attributed to parent company owners
Total comprehensive income
2,963,507.73 4,654,978.23
attributed to minority shareholders
VIII. Earnings per Share:
(i) Basic earnings per share 0.66 1.40
(ii) Diluted earnings per share 0.65 1.39
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 2023 Amount incurred in Q4 2022
I. Cash Flows Generated from Operating
Activities:
Cash received from sales of goods and
2,869,711,130.95 2,674,661,553.48
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'
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2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
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 178,247,213.87 208,311,086.55
Cash received relating to other
21,452,425.86 16,271,111.44
operating activities
Subtotal of cash inflow in business
3,069,410,770.68 2,899,243,751.47
activities
Cash payments for goods acquired and
2,919,345,383.14 2,733,487,476.20
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
209,366,726.26 158,812,743.71
behalf of employees
Cash payments for taxes 66,508,397.97 70,510,904.78
Other cash payments relating to
313,034,132.72 160,652,832.36
operating activities
Subtotal of cash outflow in business
3,508,254,640.09 3,123,463,957.05
activities
Net cash flow from operating activities -438,843,869.41 -224,220,205.58
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 other 983,079.15 7,803,621.71
long-term assets
Net cash receipts from disposal of
subsidiary or any other business unit
Other cash receipts relating to
29,157,529.54
investing activities
Subtotal of cash inflow in investment
983,079.15 36,961,151.25
activities
Cash payments to acquire or construct
fixed assets, intangible assets and other 187,607,144.42 66,081,447.96
long-term assets
Cash payments for investment
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2023 First Quarter Report of Rainbow To be a Global Leading Crop Protection Company
Net increase in pledged loans
Net cash payments to acquire
6,684,696.80
subsidiary and other business units
Other cash payments relating to
34,437,195.75
investment activities
Subtotal of cash outflow in investment
222,044,340.17 72,766,144.76
activities
Net cash flow in investment activities -221,061,261.02 -35,804,993.51
III. Cash Flows from Financing
Activities:
Cash received from capital
2,554,868.00
contributions
Including: Cash received from
investment of minority shareholder from
subsidiary
Cash receipts from borrowings 312,883,880.00 122,562,192.80
Other cash receipts relating to
436,918,713.08 123,407,991.75
financing activities
Subtotal of cash inflow in financing
749,802,593.08 248,525,052.55
activities
Cash repayments of borrowings 96,010,893.21 120,047,586.17
Cash payments for distribution of
dividends, profits, or cash payments for 4,468,839.39 3,643,273.78
interest expenses
Including: Dividends and profits
paid to minority shareholders by
subsidiaries
Other cash paid related to financing
activities
Subtotal of cash outflow in financing
100,479,732.60 123,690,859.95
activities
Net cash flow from financing activities 649,322,860.48 124,834,192.60
IV. Effect of Exchange Rate Changes on
-11,563,948.54 -3,151,518.74
Cash and Cash Equivalents
V. Net Increase in Cash and Cash
-22,146,218.49 -138,342,525.23
Equivalents
Add: Beginning balance of cash and
2,076,062,785.79 2,032,302,255.51
cash equivalents
VI. Closing Balance of Cash and Cash
2,053,916,567.30 1,893,959,730.28
Equivalents
(2) Audit report
Whether the First Quarter Report is audited
□ Yes No
The Company's First Quarter Report has not been audited.
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
Board of Directors
Friday, May 05, 2023
14