Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
Stock code: 301035 Stock abbreviation: Rainbow Agro Announcement No.: 2024-058
SHANDONG WEIFANG RAINBOW CHEMICAL CO., LTD
The Third Quarter Report of 2024
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
1
Rainbow Chemical's The Third Quarter Report of 2024 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 or
Year-on-year increase or From the start of 2024 decrease (from the start
Q3 2024
decrease (Q3 2024) to the end of Q3 2024 of 2024 to the end of Q3
2024)
Operating income
4,103,439,313.20 18.07% 9,785,195,972.58 14.86%
(RMB)
Net profit attributable
to shareholders of the 159,769,717.17 -46.25% 341,563,969.19 -52.67%
Company (RMB)
Net profit attributable
to shareholders of the
Company excluding non- 164,711,368.44 -44.51% 340,745,620.67 -52.43%
recurring gains and
losses (RMB)
Net cash flow from
operating activities -- -- 459,081,421.38 286.56%
(RMB)
Basic earnings per share
0.57 -46.73% 1.23 -52.69%
(RMB/Share)
Diluted earnings per
0.57 -46.23% 1.22 -52.71%
share (RMB/Share)
Weighted average
2.46% -2.22% 5.20% -6.22%
return on net assets
Increase or decrease of the end of Q3 2024
End of Q3 2024 End of 2023
compared with the end of 2023
Total assets (RMB) 16,015,227,979.32 14,897,954,098.13 7.50%
Equity attributable to
shareholders of the 6,510,044,339.17 6,546,153,851.24 -0.55%
Company (RMB)
(II) Items and Amounts of Non-recurring Gains and Losses
Applicable Not applicable
Unit: RMB
Amount from the start of 2024
Item Amount of Q3 2024 Notes
to the end of Q3 2024
Gains and losses on disposal of
noncurrent assets (including
-3,139,269.50 -2,446,017.98
write-offs of asset impairment
provisions)
Government subsidies
included in the current gains
and losses (excluding the
government subsidies closely 152,445.53 3,476,389.23
related to the normal
operation of the Company, in
line with national policies,
2
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
received by a standard quota
or quantity, and consecutively
affecting the Company's gains
and losses)
Gains and losses arising from
changes in the fair value of
financial assets and liabilities
held by non-financial
companies, and gains and
losses from the disposal of 2,400,144.23 2,842,545.72
financial assets and liabilities,
other than the effective
hedging business related to
the normal operation of the
Company
Other non-operating revenue
and expenditure other than -4,521,120.32 -3,794,058.33
those mentioned above
Other gains and losses items
that meet the definition of 0.00 967,783.00
non-recurring gains and losses
Less: affected amount of
-142,368.78 240,978.05
income tax
Affected amount of
minority shareholders' equity -23,780.01 -12,684.93
(after tax)
Total -4,941,651.27 818,348.52 --
Other gains and losses items that meet the definition of non-recurring gains and losses:
Applicable Not applicable
Other gains and losses items that meet the definition of non-recurring gains and losses are personal income tax commission
refunds
Reasons for the non-recurring gains and losses 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 gains and losses 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
3
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
1. Balance sheet items
Unit: RMB
Percentage of
Item September 30, 2024 December 31, 2023 Reason for change
change (%)
Financial assets Mainly due to the redemption of bank
- 6,000,000.00 -100.00%
held for trading financial products during the reporting period
Mainly due to the decrease in endorsed bank
Notes receivable 13,543,331.46 55,955,879.66 -75.80% acceptance notes outstanding during the
reporting period
Mainly due to the transfer of bank acceptance
Receivables
- 500,000.00 -100.00% notes endorsement during the reporting
financing
period
Mainly due to the increase in advance
Other non-
135,921,984.56 91,304,780.64 48.87% payments for construction and equipment
current assets
during the reporting period
Mainly due to the increase in customs
Other receivables 80,083,121.49 44,646,181.87 79.37% clearance fees and travel reserves during the
reporting period
Mainly due to the increase in leases of
Assets with rights
26,362,553.84 14,463,991.44 82.26% warehouse premises during the reporting
of use
period
Mainly due to the increase in capitalized
Development
153,604,861.25 36,791,601.49 317.50% expenditures such as registration-related test
expenditure
fees during the reporting period
Long-term
Mainly due to amortization during the
deferred 21,045,353.52 34,125,613.10 -38.33%
reporting period
expenses
Mainly due to the value fluctuation of forward
Derivative
5,987,785.44 4,141,579.45 44.58% settlement and sale of foreign exchange
financial liabilities
business during the reporting period
Mainly due to the decrease in rent received in
Advance receipts - 232,358.87 -100.00%
advance during the reporting period
Mainly caused by increase in customer
Contract liability 108,294,131.36 29,592,998.73 265.95% payments accepted in advance during the
reporting period
Mainly due to the increase in customer
Other payables 134,887,603.30 81,107,290.26 66.31%
deposits during the reporting period
Non-current Mainly due to the increase in long-term
liabilities due 104,853,114.25 9,623,075.76 989.60% borrowings due within one year during the
within one year reporting period
4
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
Mainly due to the decrease in endorsed
Other current
1,247,007.73 57,442,707.33 -97.83% acceptance notes outstanding during the
liabilities
reporting period
Mainly due to the increase in long-term bank
Long-term loan 334,080,444.74 77,624,331.91 330.38%
borrowings during the reporting period
Mainly due to the increase in leases of
Lease liability 19,474,141.10 8,219,602.23 136.92% warehouse premises during the reporting
period
Other Mainly due to the decrease in translation
comprehensive -96,348,618.13 -53,797,771.67 -79.09% differences of foreign currency statements
income during the reporting period
Mainly due to the use of production safety
Special reserve 16,528,546.62 38,596,260.53 -57.18%
expenses during the reporting period
2. Income statement items
Unit: RMB
January-September January-September Percentage of
Item Reason for change
2024 2023 change (%)
Mainly due to the increase in overseas staff
salaries, registration fees, travel expenses,
Sales expenses 423,513,169.91 234,290,589.90 80.76%
consulting fees and publicity fees during the
reporting period
R&D Mainly due to the decrease in registration-
125,724,753.40 240,452,310.43 -47.71%
expenditures related test fees during the reporting period
Financial Mainly due to the substantial increase in
523,064,338.76 -46,575,991.60 1223.03%
expenses exchange losses during the reporting period
Mainly due to the decrease in the amount of
Other income 3,991,872.23 6,025,597.76 -33.75% government subsidies received during the
reporting period
Mainly due to the investment returns from
Investment
49,165,040.33 -228,488,390.61 121.52% the disposal of derivative financial assets
returns
during the reporting period
Income from Mainly due to changes in the fair value of
changes in fair 2,019,179.28 53,774,061.86 -96.25% derivative financial assets during the reporting
value period
Mainly due to the increase in inventory
Asset impairment
-2,669,069.36 486,336.57 -648.81% depreciation reserves during the reporting
losses
period
Gains from asset Mainly due to the decrease in fixed asset
372,584.56 850,034.53 -56.17%
disposal disposal during the reporting period
5
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
Mainly due to the decrease in the amount of
Non-operating
5,516,285.50 10,413,134.78 -47.03% government subsidies received during the
income
reporting period
3. Cash flow statement items
Unit: RMB
January-September January-September Percentage of
Item Reason for change
2024 2023 change (%)
Net cash flow Mainly due to the year-on-year increase in
from operating 459,081,421.38 -246,078,338.95 286.56% collected payments during the reporting
activities period
Net cash flow in Mainly due to the increase in investment
investment -380,872,460.35 -641,070,393.53 40.59% returns from the disposal of derivative
activities financial assets during the reporting period
Net cash flow
Mainly due to the year-on-year increase in
from financing 577,415,944.78 411,177,977.26 40.43%
borrowings during the reporting period
activities
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 common shareholders Number of preferred shareholders whose voting rights
6,707 0
as of the end of Q3 2024 have been restored as of the end of Q3 2024 (if any)
Shareholdings of the top 10 shareholders (excluding shares lent through refinancing)
Quantity of Pledge, mark or freeze
Name of Shareholder Shareholding Shareholding
restricted shares
shareholder nature ratio quantity Share status Quantity
held
Shandong Rainbow Domestic non-
Investment Co., state-owned 41.24% 114,911,237 0 Pledge 51,008,000
Ltd legal person
Overseas legal
KONKIA INC 21.96% 61,191,800 0 Not applicable 0
person
Shandong Rainbow
Domestic non-
Agrosciences
state-owned 4.70% 13,105,690 0 Not applicable 0
Investment Co.,
legal person
Ltd.
Orient Securities
Company Limited -
Zhonggeng Value
Other 2.99% 8,338,206 0 Not applicable 0
Pioneer Equity
Securities
Investment Fund
Domestic
Pei Xubo 2.82% 7,850,013 0 Not applicable 0
natural person
6
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
Jinan Xinbo Domestic non-
Investment Co., state-owned 2.81% 7,840,686 0 Pledge 7,827,700
Ltd. legal person
Industrial and
Commercial Bank
of China Co., Ltd. -
BOCOM Schroder Other 2.80% 7,797,954 0 Not applicable 0
Trend Priority
Hybrid Securities
Investment Fund
China Merchants
Bank Co., Ltd. -
BOCOM Schroder
Other 1.18% 3,283,069 0 Not applicable 0
Qicheng Hybrid
Securities
Investment Fund
Industrial and
Commercial Bank
of China Co., Ltd. -
E Fund ChiNext Other 0.96% 2,676,983 0 Not applicable 0
Trading Open-End
Index Securities
Investment Fund
GF Securities Co.,
Ltd. - Zhonggeng
Small Cap Value Other 0.70% 1,953,288 0 Not applicable 0
Equity Investment
Fund
Shareholdings of the top 10 shareholders of unrestricted shares (excluding shares lent through refinancing and executive lock-up
shares)
Type and quantity of shares
Name of shareholder Quantity of unrestricted shares held
Type of shares Quantity
RMB-
Shandong Rainbow Investment Co.,
114,911,237 denominated 114,911,237
Ltd
common shares
RMB-
KONKIA INC 61,191,800 denominated 61,191,800
common shares
RMB-
Shandong Rainbow Agrosciences
13,105,690 denominated 13,105,690
Investment Co., Ltd.
common shares
Orient Securities Company Limited - RMB-
Zhonggeng Value Pioneer Equity 8,338,206 denominated 8,338,206
Securities Investment Fund common shares
RMB-
Pei Xubo 7,850,013 denominated 7,850,013
common shares
RMB-
Jinan Xinbo Investment Co., Ltd. 7,840,686 denominated 7,840,686
common shares
Industrial and Commercial Bank of
RMB-
China Co., Ltd. - BOCOM Schroder
7,797,954 denominated 7,797,954
Trend Priority Hybrid Securities
common shares
Investment Fund
China Merchants Bank Co., Ltd. - RMB-
3,283,069 3,283,069
BOCOM Schroder Qicheng Hybrid denominated
7
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
Securities Investment Fund common shares
Industrial and Commercial Bank of
RMB-
China Co., Ltd. - E Fund ChiNext
2,676,983 denominated 2,676,983
Trading Open-End Index Securities
common shares
Investment Fund
GF Securities Co., Ltd. - Zhonggeng RMB-
Small Cap Value Equity Investment 1,953,288 denominated 1,953,288
Fund common shares
Shandong Rainbow Investment Co., Ltd., KONKIA INC and Shandong
Rainbow Agrosciences Investment Co., Ltd. are enterprises controlled by
Explanation of the above-mentioned shareholder Wicky Wang, Guoqing Sun and Hongbing Qiu, the actual controllers of
relationship or concerted action the Company Other than that, the Company is not aware whether the
above-mentioned shareholders are associated or are persons acting in
concert.
Pei Xubo holds 7,850,013 shares of the Company through the customer
Engagement of the top 10 shareholders in securities credit transaction guarantee securities account of CITIC Securities
margin trading business (if any) (Shandong) Co., Ltd., and 0 shares of the Company through the general
account, totaling 7,850,013 shares of the Company.
Participation of the shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with unrestricted
outstanding shares in refinancing business to lend shares
Applicable Not applicable
Unit: Share
Participation of the shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with unrestricted
outstanding shares in refinancing business to lend shares
General account and Shares lent through Shares lent through
General account and credit
credit account holdings at refinancing at the refinancing at the end of
account holdings at the
Name of the beginning of the beginning of the period the period and not yet
end of the period
shareholder period and not yet returned returned
(in full) Proportion Proportion Proportion Proportion
Total Total Total Total
to total to total to total to total
quantity quantity quantity quantity
shares shares shares shares
Industrial and
Commercial
Bank of China
Co., Ltd. - E
Fund ChiNext
Trading 1,268,569 0.46% 110,900 0.04% 2,676,983 0.96% 0 0.00%
Open-End
Index
Securities
Investment
Fund
Changes from the previous period due to lending/returning via refinancing by top 10 shareholders and top 10 shareholders with
unrestricted outstanding shares
Applicable Not applicable
Unit: Share
Changes from the previous period due to lending/returning via refinancing by top 10 shareholders and top 10 shareholders with
unrestricted outstanding shares
Quantity of shares held in shareholders'
Additions/withdraw Quantity of shares lent and not yet
Name of general accounts, credit accounts and
als during the returned through refinancing at the end
shareholder (in full) shares lent via refinancing and not yet
reporting period of the period
returned at the end of the period
8
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
Proportion to total Proportion to total
Total quantity Total quantity
shares shares
Industrial and
Commercial Bank of
China Co., Ltd. - E
Fund ChiNext Addition 0 0.00% 2,676,983 0.96%
Trading Open-End
Index Securities
Investment Fund
(II) The number of preferred shareholders and the shareholdings of the top ten preferred shareholders
Applicable Not applicable
(III) Changes in restricted shares
Applicable Not applicable
Unit: Share
Increase in
Quantity of the quantity Quantity of
Quantity of
shares released of shares restricted
Name of restricted shares Reason for Proposed date of release
from restricted subject to shares at the
shareholder at the beginning restricted sale of restrictions
sales during the restricted end of the
of the period
period sales during period
the period
Shandong
Pre-launch
Rainbow Sales restrictions were
114,911,237 114,911,237 0 0 restricted
Investment Co., lifted on July 28, 2024
shares
Ltd
Pre-launch
Sales restrictions were
KONKIA INC 61,191,800 61,191,800 0 0 restricted
lifted on July 28, 2024
shares
Shandong
Rainbow Pre-launch
Sales restrictions were
Agrosciences 13,105,690 13,105,690 0 0 restricted
lifted on July 28, 2024
Investment Co., shares
Ltd.
During the tenure, 75%
of the total number of
shares held by the
Executive lock-
Shen Jie 44,940 0 0 44,940 executive will be
up shares
automatically locked
every year according to
regulations.
During the tenure, 75%
of the total number of
shares held by the
Executive lock-
Xing Bingpeng 63,337 0 0 63,337 executive will be
up shares
automatically locked
every year according to
regulations.
During the tenure, 75%
Executive lock- of the total number of
Wang Wencai 0 0 295,350 295,350
up shares shares held by the
executive will be
9
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
automatically locked
every year according to
regulations.
Total 189,317,004 189,208,727 295,350 403,627 -- --
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, 2024
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 3,906,952,897.50 3,271,577,916.51
Deposit reservation for balance 0.00
Lending to banks and other financial
0.00
institutions
Financial assets held for trading 0.00 6,000,000.00
Derivative financial assets 3,566,365.65
Notes receivable 13,543,331.46 55,955,879.66
Accounts receivable 4,869,231,931.72 4,707,041,417.82
Receivables financing 0.00 500,000.00
Pre-payments 164,825,194.04 129,020,462.65
Premium receivable 0.00
Re-insurance accounts receivable 0.00
Reserves for re-insurance contract
0.00
receivable
Other receivables 80,083,121.49 44,646,181.87
Including.: interest receivable
Dividends receivable 0.00
Financial assets purchased under resale
0.00
agreement
Inventory 3,245,680,453.50 3,336,332,619.58
Including: Data resources 0.00
Contracted assets 0.00
Assets held for sale 0.00
Non-current assets that mature within
0.00
one year
Other current assets 349,817,708.95 329,901,506.56
Total current assets 12,633,701,004.31 11,880,975,984.65
Non-current assets:
Disbursed loans and advances 0.00
Debt investments 0.00
Other debt investment 0.00
Long-term receivables 0.00
10
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
Long-term equity investment 1,117,049.65 1,445,021.57
Other equity instrument investment 0.00
Other non-current financial assets 0.00
Investment real estate 8,044,085.42 8,512,192.20
Fixed assets 2,188,698,232.11 2,008,437,417.28
Construction in progress 383,998,009.60 395,645,781.60
Productive biological assets 0.00
Oil and gas assets 0.00
Assets with rights of use 26,362,553.84 14,463,991.44
Intangible assets 254,262,644.11 214,122,877.97
Including: Data resources
Development expenditure 153,604,861.25 36,791,601.49
Including: Data resources
Goodwill 94,866,025.56 94,866,025.56
Long-term deferred expenses 21,045,353.52 34,125,613.10
Deferred income tax assets 113,606,175.39 117,262,810.63
Other non-current assets 135,921,984.56 91,304,780.64
Total non-current assets 3,381,526,975.01 3,016,978,113.48
Total assets 16,015,227,979.32 14,897,954,098.13
Current liabilities:
Short-term loan 2,877,981,179.10 2,261,455,023.95
Borrowings from the central bank 0.00
Borrowing from banks and financial
0.00
institutions
Financial liabilities held for trading 0.00
Derivative financial liabilities 5,987,785.44 4,141,579.45
Notes payable 3,861,997,193.68 4,057,148,069.12
Accounts payable 1,353,174,000.25 1,096,628,295.09
Advance receipts 0.00 232,358.87
Contract liability 108,294,131.36 29,592,998.73
Financial assets sold for repurchase 0.00
Deposits and interbank deposits
0.00
received
Amount received from agency trading
0.00
of securities
Amount received from agency
0.00
underwriting of securities
Payroll payable 191,711,577.71 218,457,162.23
Taxes payable 92,243,243.23 77,730,510.55
Other payables 134,887,603.30 81,107,290.26
Including: Interests payable
Dividends payable
Charges and commissions payable 0.00
Re-insurance accounts payable 0.00
Liabilities held for sale 0.00
Non-current liabilities due within one
104,853,114.25 9,623,075.76
year
Other current liabilities 1,247,007.73 57,442,707.33
Total current liabilities 8,732,376,836.05 7,893,559,071.34
Non-current liabilities:
Provision for insurance contracts 0.00
Long-term loan 334,080,444.74 77,624,331.91
Bonds payable 0.00
Including: Preferred shares 0.00
Perpetual bonds 0.00
11
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
Lease liability 19,474,141.10 8,219,602.23
Long-term payables 0.00
Long-term payroll payable 0.00
Accrued liabilities 0.00
Deferred income 10,674,250.60 11,713,887.21
Deferred income tax liabilities 56,586,543.51 67,145,243.72
Other non-current liabilities 0.00
Total non-current liabilities 420,815,379.95 164,703,065.07
Total liabilities 9,153,192,216.00 8,058,262,136.41
Owner’s equity:
Share capital 278,662,094.00 278,662,094.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 2,398,698,602.30 2,382,932,252.27
Less: Treasury stock
Other comprehensive income -96,348,618.13 -53,797,771.67
Special reserve 16,528,546.62 38,596,260.53
Surplus reserve 158,674,657.07 158,674,657.07
General risk reserve
Undistributed profit 3,753,829,057.31 3,741,086,359.04
Total owners' equity attributed to parent
6,510,044,339.17 6,546,153,851.24
company
Minority shareholder’s interest 351,991,424.15 293,538,110.48
Total owner’s equity 6,862,035,763.32 6,839,691,961.72
Total liabilities and owners’ equity 16,015,227,979.32 14,897,954,098.13
Legal Representative: Chief Accountant in Charge: Chief of Accounting Institution:
Wicky Wang Xing Bingpeng Zhang Baolin
2. Consolidated income statement from the start of 2024 to the end of Q3 2024
Unit: RMB
Item Amount incurred in Q3 2024 Amount incurred in Q2 2024
I. Gross Operating Income 9,785,195,972.58 8,518,893,985.17
Including: Operating income 9,785,195,972.58 8,518,893,985.17
Interest income
Premium earned
Handling charges and
commissions income
II. Total Operating Costs 9,252,287,316.15 7,417,203,067.22
Including: Costs of business 7,792,500,818.76 6,591,428,361.19
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
12
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
Taxes and surcharges 39,814,479.82 38,950,885.80
Sales expenses 423,513,169.91 234,290,589.90
Management expenses 347,669,755.50 358,656,911.50
R&D expenditures 125,724,753.40 240,452,310.43
Financial expenses 523,064,338.76 -46,575,991.60
Including: Interest expenses 99,487,677.45 48,622,622.61
Interest income 43,940,586.89 41,169,941.04
Add: Other incomes 3,991,872.23 6,025,597.76
Income from investment (“－” for
49,165,040.33 -228,488,390.61
loss)
Including: Income from
investment in associated enterprises and -328,142.06 -328,617.90
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 value
2,019,179.28 53,774,061.86
("-" for loss)
Credit impairment losses ("-" for
-54,849,016.88 -43,601,963.15
loss)
Asset impairment losses ("-" for
-2,669,069.36 486,336.57
loss)
Gains from asset disposal ("-" for
372,584.56 850,034.53
loss)
III. Operating Profit ("-" for loss) 530,939,246.59 890,736,594.91
Add: Non-operating income 5,516,285.50 10,413,134.78
Less: Non-operating expenses 11,676,646.36 11,943,433.62
IV. Total Profit Before Tax (“-” for total
524,778,885.73 889,206,296.07
losses)
Less: Income tax expenses 124,761,602.87 113,258,125.87
V. Net Profit ("-" for net loss) 400,017,282.86 775,948,170.20
(I) Classification by business continuity
1. Net profit from continuing
400,017,282.86 775,948,170.20
operations (“-” for net loss)
2. Net profit from discontinued
operations (“-” for net loss)
(II) Classification by ownership
1. Net profit attributable to
shareholders of the parent company (net 341,563,969.19 721,621,504.36
loss marked with "-")
2. Profit and loss of minority
58,453,313.67 54,326,665.84
shareholders (net loss marked with "-")
VI. Net Amount after Tax of Other
-42,550,846.46 7,917,823.34
Comprehensive Income
Net amount of other comprehensive
income after tax attributed to the owners -42,550,846.46 -2,293,939.51
of parent company
(I) Other comprehensive income that
cannot be reclassified into profit or loss
13
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
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
-42,550,846.46 -2,293,939.51
that will be 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 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
-42,550,846.46 -2,293,939.51
financial statement translation
7. Other
Net amount of other comprehensive
income after tax attributed to minority 0.00 10,211,762.85
shareholders
VII. Total Comprehensive Income 357,466,436.40 783,865,993.54
(i) Total comprehensive income
299,013,122.73 719,327,564.85
attributed to parent company owners
(ii) Total comprehensive income
58,453,313.67 64,538,428.69
attributed to minority shareholders
VIII. Earnings per Share:
(i) Basic earnings per share 1.23 2.60
(ii) Diluted earnings per share 1.22 2.58
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 2024 to the end of Q3 2024
Unit: RMB
Item Amount incurred in Q3 2024 Amount incurred in Q2 2024
I. Cash Flows Generated from Operating
Activities:
Cash received from sales of goods and
9,785,676,523.98 7,644,397,757.22
services
Net increase in deposit from customers
and interbank
Net increase in borrowing from central
bank
Net increase in borrowings from other
14
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
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 559,950,192.80 638,665,075.70
Cash received relating to other
53,448,744.62 52,853,991.83
operating activities
Subtotal of cash inflow in business
10,399,075,461.40 8,335,916,824.75
activities
Cash payments for goods acquired and
8,690,179,604.53 7,238,805,183.22
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
649,126,850.71 508,142,139.78
behalf of employees
Cash payments for taxes 174,285,039.83 234,809,967.31
Other cash payments relating to
426,402,544.95 600,237,873.39
operating activities
Subtotal of cash outflow in business
9,939,994,040.02 8,581,995,163.70
activities
Net cash flow from operating activities 459,081,421.38 -246,078,338.95
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 10,964,665.77 2,045,652.32
long-term assets
Net cash receipts from disposal of
subsidiary or any other business unit
Other cash receipts relating to investing 49,560,659.67
15
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
activities
Subtotal of cash inflow in investment
60,525,325.44 2,045,652.32
activities
Cash payments to acquire or construct
fixed assets, intangible assets and other 441,397,785.79 419,140,143.74
long-term assets
Cash payments for investment
Net increase in pledged loans
Net cash payments to acquire
subsidiary and other business units
Other cash payments relating to
223,975,902.11
investment activities
Subtotal of cash outflow in investment
441,397,785.79 643,116,045.85
activities
Net cash flow in investment activities -380,872,460.35 -641,070,393.53
III. Cash Flows from Financing Activities:
Cash received from capital
contributions
Including: Cash received from
investment of minority shareholder from
subsidiary
Cash receipts from borrowings 4,086,885,629.73 1,847,526,302.12
Other cash receipts relating to
financing activities
Subtotal of cash inflow in financing
4,086,885,629.73 1,847,526,302.12
activities
Cash repayments of borrowings 3,112,746,706.74 548,685,558.54
Cash payments for distribution of
dividends, profits, or cash payments for 396,722,978.21 485,401,220.11
interest expenses
Including: Dividends and profits paid
to minority shareholders by subsidiaries
Other cash paid related to financing
402,261,546.21
activities
Subtotal of cash outflow in financing
3,509,469,684.95 1,436,348,324.86
activities
Net cash flow from financing activities 577,415,944.78 411,177,977.26
IV. Effect of Exchange Rate Changes on
98,278,584.55 14,506,859.61
Cash and Cash Equivalents
V. Net Increase in Cash and Cash
753,903,490.36 -461,463,895.61
Equivalents
Add: Beginning balance of cash and
1,185,554,395.09 2,076,062,785.79
cash equivalents
VI. Closing Balance of Cash and Cash
1,939,457,885.45 1,614,598,890.18
Equivalents
(II) Adjustments to relevant items in the financial statements at the start of current year in
light of the first implementation of new accounting standards in 2024
Applicable Not applicable
16
Rainbow Chemical's The Third Quarter Report of 2024 To be a Global Leading Crop Protection Company
(III) Audit Report
Whether the Third Quarter Report is audited
Yes No
The Company's Third Quarter Report has not been audited.
Should there be any difference in the interpretation of the contents, the Chinese version of the Third Quarter Report of 2024 shall
prevail.
SHANDONG WEIFANG RAINBOW CHEMICAL CO., LTD
Board of Directors
October 28, 2024
17