To be a Global Leading Crop Protection Company
Stock code: 301035 Stock abbreviation: Rainbow Chemical Announcement No.: 2023-064
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
The Third Quarter Report of 2023
The Company and all members of the Board of Directors warrant that the contents of the Quarterly 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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To be a Global Leading Crop Protection Company
I. Key Financial Data
(I) Key accounting data and financial indexes
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 2023 Year-on-year increase
Q3 2023
or decrease to the end of Q3 2023 or decrease
Operating income
3,475,391,281.15 -15.99% 8,518,893,985.17 -28.51%
(RMB)
Net profit attributable
to shareholders of the 297,230,701.58 -28.93% 721,621,504.36 -44.74%
Company (RMB)
Net profit attributable
to shareholders of the
Company excluding 296,836,814.30 -29.25% 716,335,101.21 -45.43%
non-recurring gains
and losses (RMB)
Net cash flow from
operating activities -- -- -246,078,338.95 -111.63%
(RMB)
Basic earnings per
1.07 -29.61% 2.60 -45.26%
share (RMB/Share)
Diluted earnings per
1.06 -29.80% 2.58 -45.45%
share (RMB/Share)
Weighted average
4.68% -2.51% 11.42% -12.51%
return on net assets
End of Q3 2023 End of 2022 Year-on-year increase or decrease
Total assets (RMB) 14,228,247,904.23 11,598,874,181.42 22.67%
Equity attributable to
shareholders of the 6,504,920,188.55 6,184,265,166.56 5.19%
Company (RMB)
(II) Items and amounts of non-recurring gains and losses
Applicable □ Not applicable
Unit: RMB
Amount from the start of
Item Amount of Q3 2023 Notes
2023 to the end of Q3 2023
Gain and loss on disposal of
non-current assets (including
17,577.08 -3,080,973.27
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 1,104,399.55 6,695,597.76
the continuous government
subsidies of certain amount
or quota complying with
national policies)
Profits and losses in fair value 32,909.02 100,467.38
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To be a Global Leading Crop Protection Company
from trading financial assets
and trading financial
liabilities, as well as
investment income from
disposal of trading financial
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 -687,097.64 1,732,957.74
those mentioned above
Less: Affected amount of
6,273.09 148,651.93
income tax
Affected amount of
minority shareholders' 67,627.64 12,994.53
equity (after tax)
Total 393,887.28 5,286,403.15 --
Other gains and losses items that meet the definition of non-recurring gains and losses:
□ Applicable Not applicable
There are no other gains and losses items of the Company that meet the definition of non-recurring gains and losses.
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 indexes and reasons
Applicable □ Not applicable
1. Balance sheet items
Unit: RMB
Item September 30, 2023 December 31, 2022 Change (%) Reason for change
Mainly due to the increase in prepayment for
Pre-payments 178,838,899.86 75,294,804.30 137.52% purchasing raw materials during the reporting
period
Mainly due to the increase in reserve fund for
Other receivables 48,246,140.24 33,525,890.70 43.91%
business travels during the reporting period
Mainly due to the increase in local inventory of
Inventory 2,950,638,881.55 1,657,230,533.12 78.05% some overseas subsidiaries during the reporting
period
Mainly due to the increase in input tax credit of
Other current assets 444,183,849.66 184,823,557.40 140.33% subsidiaries and in prepaid taxes during the
reporting period
Mainly due to the increase in payment for
Other non-current
109,793,027.67 69,616,034.81 57.71% construction projects during the reporting
assets
period
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To be a Global Leading Crop Protection Company
Mainly due to the increase in bank borrowings
Short-term loan 1,758,518,957.06 404,206,509.66 335.05%
during the reporting period
Mainly due to the increase in credit purchases
Accounts payable 1,232,792,267.87 753,042,513.89 63.71%
during the reporting period
Mainly due to the increase in advance payments
Contract liability 98,164,136.73 46,035,630.83 113.24%
from customers during the reporting period
Mainly due to the increase in office leasing
caused by the establishment of more new
Lease liability 12,739,026.34 8,595,962.05 48.20%
overseas subsidiaries during the reporting
period
2. Income statement items
Unit: RMB
January-September
Item January-September 2023 Change (%) Reason for change
2022
Mainly due to the decrease in cost due to the
price decrease of most of the active
Operating cost 6,591,428,361.19 9,425,611,062.95 -30.07%
pharmaceutical ingredient products during the
reporting period
Mainly due to the decrease in exchange gains
Financial expenses -46,575,991.60 -436,359,035.46 89.33% caused by the fluctuation of exchange rates
during the reporting period
Mainly due to investment losses from disposal
Investment returns -228,488,390.61 -60,492,810.75 -277.71% of derivative financial assets during the
reporting period
Income from Mainly due to changes in the fair value of
changes in fair 53,774,061.86 -399,356,767.11 -113.47% derivative financial assets during the reporting
value period
Credit impairment Mainly due to credit impairment losses on
-43,601,963.15 -80,290,630.61 45.69%
losses accounts receivable during the reporting period
Asset impairment Mainly due to the reserve for the decline of
486,336.57 1,738,356.82 -72.02%
losses inventories during the reporting period
Mainly due to the increase in income from
Gains from asset
850,034.53 126,624.97 571.30% disposal of non-current assets during the
disposal
reporting period
Non-operating Mainly due to losses from scrapping of non-
11,943,433.62 23,203,007.30 -48.53%
income current assets during the reporting period
Income tax Mainly due to the decrease in profits during the
113,258,125.87 201,047,731.59 -43.67%
expenses reporting period
3. Cash flow statement items
Unit: RMB
January-September January-September
Item Change (%) Reason for change
2023 2022
Mainly due to the decrease in cash received
Net cash flow from
-246,078,338.95 2,115,819,098.24 -111.63% from the sale of goods and the provision of
operating activities
services
Net cash flow in investment Mainly due to investment expenditures in
-641,070,393.53 -194,536,750.54 -229.54%
activities new and continued construction projects
Net cash flow from Mainly due to the increase in cash received
411,177,977.26 -1,278,718,840.25 132.16%
financing activities from bank borrowings
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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
6,260 rights have been restored as of the end of Q3 2023 0
of the end of Q3 2023
(if any)
Shareholding of the top ten shareholders
Quantity of Pledge, mark or freeze
Shareholder Shareholding Shareholding
Shareholder name restricted
nature ratio quantity Share status Quantity
shares held
Domestic non-
Shandong Rainbow
state-owned 41.47% 114,911,237 114,911,237 Pledge 22,880,000
Investment Co., Ltd.
legal person
Overseas legal
KONKIA INC 22.08% 61,191,800 61,191,800
person
Shandong Rainbow Domestic non-
Agriculture state-owned 4.73% 13,105,690 13,105,690
Investment Co., Ltd. legal person
Orient Securities
Company Limited -
Zhonggeng Value
Other 3.46% 9,590,684 0
Pioneer Equity
Securities
Investment Fund
Industrial and
Commercial Bank of
China Co., Ltd. -
BOCOM Schroder Other 3.22% 8,927,604 0
Trend Priority Hybrid
Securities
Investment Fund
Domestic non-
Jinan Xinbo
state-owned 2.83% 7,840,686 0 Pledge 6,827,700
Investment Co., Ltd.
legal person
Domestic
Pei Xubo 2.81% 7,799,613 0
natural person
China Merchants
Bank Co., Ltd. -
BOCOM Schroder
Other 1.08% 3,004,957 0
Qicheng Hybrid
Securities
Investment Fund
Yuanxin (Zhuhai)
Private Equity Fund
Management Co.,
Ltd. - Yuanxin China Other 0.56% 1,548,824 0
Value Growth No. 9
Private Securities
Investment Fund
China Construction
Bank Corporation -
Other 0.53% 1,461,288 0
Guotai Great Health
Equity Securities
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To be a Global Leading Crop Protection Company
Investment Fund
Shareholding of top ten shareholders of unrestricted shares
Type and quantity of shares
Shareholder name Quantity of unrestricted shares held
Type Quantity
Orient Securities Company Limited -
RMB-denominated
Zhonggeng Value Pioneer Equity 9,590,684 9,590,684
common shares
Securities Investment Fund
Industrial and Commercial Bank of
China Co., Ltd. - BOCOM Schroder RMB-denominated
8,927,604 8,927,604
Trend Priority Hybrid Securities common shares
Investment Fund
RMB-denominated
Jinan Xinbo Investment Co., Ltd. 7,840,686 7,840,686
common shares
RMB-denominated
Pei Xubo 7,799,613 7,799,613
common shares
China Merchants Bank Co., Ltd. -
RMB-denominated
BOCOM Schroder Qicheng Hybrid 3,004,957 3,004,957
common shares
Securities Investment Fund
Yuanxin (Zhuhai) Private Equity Fund
Management Co., Ltd. - Yuanxin China RMB-denominated
1,548,824 1,548,824
Value Growth No. 9 Private Securities common shares
Investment Fund
China Construction Bank Corporation -
RMB-denominated
Guotai Great Health Equity Securities 1,461,288 1,461,288
common shares
Investment Fund
Hong Kong Securities Clearing RMB-denominated
1,332,438 1,332,438
Company Ltd. common shares
Yuanxin (Zhuhai) Private Equity Fund
Management Co., Ltd. - CITIC Capital RMB-denominated
1,155,045 1,155,045
China Value Growth No. 1 Private common shares
Securities Investment Fund
Guotai Asset Management Co., Ltd. - RMB-denominated
1,136,866 1,136,866
Social Security Fund 421 Portfolio common shares
1. Shandong Rainbow Investment Co., Ltd., KONKIA INC and
Shandong Rainbow Agriculture Investment Co., Ltd. are enterprises
controlled by Wang Wencai, Sun Guoqing and Qiu Hongbing, the
Explanation of the above-mentioned shareholder actual controllers of the Company.
relationship or concerted action 2. Apart from that, the Company does not know whether the top ten
shareholders and top ten shareholders of unrestricted shares are
associated or are persons acting in concert under the Measures for
the Administration of the Takeover of Listed Companies.
As of the end of this reporting period:
1. Pei Xubo holds 5,877,311 shares through the customer credit
transaction guarantee securities account of securities company;
2. Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. -
Yuanxin China Value Growth No. 9 Private Securities Investment
Engagement of the top 10 shareholders in securities
Fund holds 1,548,824 shares through the customer credit trading
margin trading business (if any)
guarantee securities account of security company;
3. Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. -
CITIC Capital China Value Growth No. 1 Private Securities Investment
Fund holds 155,000 shares through the customer credit transaction
guarantee securities account of security company.
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To be a Global Leading Crop Protection Company
(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
III. Other Important Matters
□ Applicable Not applicable
IV. Quarterly Financial Statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: Shandong Weifang Rainbow Chemical Co., Ltd.
September 30, 2023
Unit: RMB
Item September 30, 2023 January 1, 2023
Current assets:
Monetary funds 3,502,488,026.65 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
Notes receivable 55,864,770.98 59,112,584.14
Accounts receivable 4,156,296,823.04 3,201,703,461.53
Receivables financing 1,058,894.00 680,000.00
Pre-payments 178,838,899.86 75,294,804.30
Premium receivable
Re-insurance accounts receivable
Reserves for re-insurance contract receivable
Other receivables 48,246,140.24 33,525,890.70
Including.: Interest receivable
Dividends receivable
Financial assets purchased under resale agreement
Inventory 2,950,638,881.55 1,657,230,533.12
Contracted assets
Assets held for sale
Non-current assets that mature within one year
Other current assets 444,183,849.66 184,823,557.40
Total current assets 11,343,616,285.98 9,014,866,028.92
Non-current assets:
Disbursed loans and advances
Debt investments
Other debt investment
Long-term receivables
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To be a Global Leading Crop Protection Company
Long-term equity investment 1,340,768.22 1,669,386.12
Other equity instrument investment
Other non-current financial assets
Investment real estate 8,668,227.79 9,136,334.57
Fixed assets 1,951,308,387.59 1,691,830,176.47
Construction in progress 364,946,441.64 360,840,138.91
Productive biological assets
Oil and gas assets
Assets with rights of use 16,209,020.94 15,379,959.49
Intangible assets 217,541,129.67 226,245,165.26
Development expenditure
Goodwill 94,866,025.56 94,866,025.56
Long-term deferred expenses 27,318,987.35 31,898,939.40
Deferred income tax assets 92,639,601.82 82,525,991.91
Other non-current assets 109,793,027.67 69,616,034.81
Total non-current assets 2,884,631,618.25 2,584,008,152.50
Total assets 14,228,247,904.23 11,598,874,181.42
Current liabilities:
Short-term loan 1,758,518,957.06 404,206,509.66
Borrowings from the central bank
Borrowing from banks and financial institutions
Financial liabilities held for trading
Derivative financial liabilities 63,418,370.94 122,183,523.97
Notes payable 3,796,759,622.02 3,367,152,536.58
Accounts payable 1,232,792,267.87 753,042,513.89
Advance receipts 254,920.26
Contract liability 98,164,136.73 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 154,907,267.17 191,738,722.30
Taxes payable 132,101,081.27 106,896,314.07
Other payables 51,324,022.78 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 year 12,921,281.56 21,399,902.40
Other current liabilities 58,419,518.22 59,862,778.90
Total current liabilities 7,359,326,525.62 5,116,672,888.67
Non-current liabilities:
Provision for insurance contracts
Long-term loan 12,840,802.47 17,176,777.87
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liability 12,739,026.34 8,595,962.05
Long-term payables
Long-term payroll payable
Accrued liabilities
Deferred income 12,224,307.69 13,755,569.25
Deferred income tax liabilities 64,079,380.79 55,449,975.77
Other non-current liabilities
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To be a Global Leading Crop Protection Company
Total non-current liabilities 101,883,517.29 94,978,284.94
Total liabilities 7,461,210,042.91 5,211,651,173.61
Owner’s equity:
Share capital 277,115,744.00 277,115,744.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 2,337,590,533.98 2,301,293,600.92
Less: Treasury stock
Other comprehensive income 3,527,842.62 5,821,782.13
Special reserve 36,280,194.42 19,551,007.62
Surplus reserve 158,674,657.07 158,674,657.07
General risk reserve
Undistributed profit 3,691,731,216.46 3,421,808,374.82
Total owners' equity attributed to parent company 6,504,920,188.55 6,184,265,166.56
Minority shareholder’s interest 262,117,672.77 202,957,841.25
Total owner’s equity 6,767,037,861.32 6,387,223,007.81
Total liabilities and owners’ equity 14,228,247,904.23 11,598,874,181.42
Legal Representative: Chief Accountant in Charge: Chief of Accounting Institution:
Wicky Wang Xing Bingpeng Zhang Baolin
2. Consolidated income statement from the start of 2023 to the end of Q3 2023
Unit: RMB
Item Amount incurred in Q3 2023 Amount incurred in Q3 2022
I. Gross Operating Income 8,518,893,985.17 11,915,662,694.56
Including: Operating income 8,518,893,985.17 11,915,662,694.56
Interest income
Premium earned
Handling charges and commissions
income
II. Total Operating Costs 7,417,203,067.22 9,822,444,784.16
Including: Costs of business 6,591,428,361.19 9,425,611,062.95
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 38,950,885.80 32,485,279.48
Sales expenses 234,290,589.90 188,674,684.79
Management expenses 358,656,911.50 308,254,477.92
R&D expenditures 240,452,310.43 303,778,314.48
Financial expenses -46,575,991.60 -436,359,035.46
Including: Interest expenses 48,622,622.61 12,752,415.52
Interest income 41,169,941.04 23,243,044.73
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To be a Global Leading Crop Protection Company
Add: Other incomes 6,025,597.76 4,853,353.35
Income from investment (“－” for loss) -228,488,390.61 -60,492,810.75
Including: Income from investment in
associated enterprises and joint -328,617.90 -85,804.37
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 value ("-" for loss) 53,774,061.86 -399,356,767.11
Credit impairment losses ("-" for loss) -43,601,963.15 -80,290,630.61
Asset impairment losses ("-" for loss) 486,336.57 1,738,356.82
Gains from asset disposal ("-" for loss) 850,034.53 126,624.97
III. Operating Profit ("-" for loss) 890,736,594.91 1,559,796,037.07
Add: Non-operating income 10,413,134.78 10,303,761.73
Less: Non-operating expenses 11,943,433.62 23,203,007.30
IV. Total Profit Before Tax (“-” for total losses) 889,206,296.07 1,546,896,791.50
Less: Income tax expenses 113,258,125.87 201,047,731.59
V. Net Profit ("-" for net loss) 775,948,170.20 1,345,849,059.91
(I) Classification by business continuity
1. Net profit from continuing operations (“-” for
775,948,170.20 1,345,849,059.91
net loss)
2. Net profit from discontinued operations (“-”
for net loss)
(II) Classification by ownership
1. Net profit attributable to shareholders of the
721,621,504.36 1,305,889,184.58
parent company (net loss marked with "-")
2. Profit and loss of minority shareholders (net
54,326,665.84 39,959,875.33
loss marked with "-")
VI. Net Amount after Tax of Other Comprehensive
7,917,823.34 3,712,236.45
Income
Net amount of other comprehensive income after
-2,293,939.51 3,602,015.69
tax attributed to the 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
-2,293,939.51 3,602,015.69
reclassified into profit and 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
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To be a Global Leading Crop Protection Company
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 financial
-2,293,939.51 3,602,015.69
statement translation
7. Other
Net amount of other comprehensive income after
10,211,762.85 110,220.76
tax attributed to minority shareholders
VII. Total Comprehensive Income 783,865,993.54 1,349,561,296.36
(I) Total comprehensive income attributed to parent
719,327,564.85 1,309,491,200.27
company owners
(II) Total comprehensive income attributed to
64,538,428.69 40,070,096.09
minority shareholders
VIII. Earnings per Share:
(i) Basic earnings per share 2.60 4.75
(ii) Diluted earnings per share 2.58 4.73
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: Chief Accountant in Charge: Chief of Accounting Institution:
Wicky Wang Xing Bingpeng Zhang Baolin
3. Consolidated cash flow statement from the start of 2023 to the end of Q3 2023
Unit: RMB
Item Amount incurred in Q3 2023 Amount incurred in Q3 2022
I. Cash Flows Generated from Operating Activities:
Cash received from sales of goods and services 7,644,397,757.22 10,331,084,547.51
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 trading brokerage
Cash receipts from tax refunds 638,665,075.70 763,158,589.71
Cash received relating to other operating activities 52,853,991.83 47,785,370.79
Subtotal of cash inflow in business activities 8,335,916,824.75 11,142,028,508.01
Cash payments for goods acquired and services
7,238,805,183.22 7,603,969,243.17
received
Net increase in customer loans and advances
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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 behalf of
508,142,139.78 375,679,053.03
employees
Cash payments for taxes 234,809,967.31 370,658,836.48
Other cash payments relating to operating activities 600,237,873.39 675,902,277.09
Subtotal of cash outflow in business activities 8,581,995,163.70 9,026,209,409.77
Net cash flow from operating activities -246,078,338.95 2,115,819,098.24
II. Cash Flows from Investing Activities:
Cash receipts from investment withdrawal 200,000,000.00
Cash receipts from return on investments
Net cash receipts from disposals of fixed assets,
2,045,652.32 6,080,625.78
intangible assets and other long-term assets
Net cash receipts from disposal of subsidiary or any
other business unit
Other cash receipts relating to investing activities 40,238,346.18
Subtotal of cash inflow in investment activities 2,045,652.32 246,318,971.96
Cash payments to acquire or construct fixed assets,
419,140,143.74 329,149,933.00
intangible assets and other long-term assets
Cash payments for investment
Net increase in pledged loans
Net cash payments to acquire subsidiary and other
6,684,696.80
business units
Other cash payments relating to investment
223,975,902.11 105,021,092.70
activities
Subtotal of cash outflow in investment activities 643,116,045.85 440,855,722.50
Net cash flow in investment activities -641,070,393.53 -194,536,750.54
III. Cash Flows from Financing Activities:
Cash received from capital contributions 2,554,868.00
Including: Cash received from investment of
minority shareholder from subsidiary
Cash receipts from borrowings 1,847,526,302.12 664,777,283.11
Other cash receipts relating to financing activities
Subtotal of cash inflow in financing activities 1,847,526,302.12 667,332,151.11
Cash repayments of borrowings 548,685,558.54 726,328,623.21
Cash payments for distribution of dividends, profits,
485,401,220.11 248,281,618.61
or cash payments for interest expenses
Including: Dividends and profits paid to minority
shareholders by subsidiaries
Other cash paid related to financing activities 402,261,546.21 971,440,749.54
Subtotal of cash outflow in financing activities 1,436,348,324.86 1,946,050,991.36
Net cash flow from financing activities 411,177,977.26 -1,278,718,840.25
IV. Effect of Exchange Rate Changes on Cash and Cash
14,506,859.61 39,736,550.41
Equivalents
V. Net Increase in Cash and Cash Equivalents -461,463,895.61 682,300,057.86
Add: Beginning balance of cash and cash
2,076,062,785.79 2,032,302,255.51
equivalents
VI. Closing Balance of Cash and Cash Equivalents 1,614,598,890.18 2,714,602,313.37
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To be a Global Leading Crop Protection Company
(II) Adjustments to relevant items in the financial statements earlier this year in light of the
new accounting standards 2023
□ Applicable Not applicable
(III) Audit report
Whether the Third Quarter Report is audited
□ Yes No
The Company's Third Quarter Report has not been audited.
In the case of any deviation from the explanations presented hereof, the Third Quarter Report of 2023 in Chinese version shall
prevail.
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
Board of Directors
October 31, 2023
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