Dalian Refrigeration Co., Ltd.
QUARTERLY REPORT FOR THIRD QUARTER,
October, 2016
§1 Important Notes
1.1 The directors and the Board of Directors, the supervisors and the Supervisory Board, and Senior staff
members of Dalian Refrigeration Co., Ltd. (hereinafter referred to as the Company) hereby confirm that there are
no any important omissions, fictitious statements or serious misleading carried in this report, and shall take all
responsibilities, individual and/or joint, for the reality, accuracy and completeness of the whole contents.
1.2 The Company’s quarterly financial report has not been audited.
1.3 Chairman of the Board of Directors of the Company Mr. Ji Zhijian, Financial Majordomo Mr. Ma Yun and the
head of Accounting Department Ms. Mao Chunhua hereby confirm that the financial report of the quarterly report
is true and complete.
1.4 This report is written respectively in Chinese and in English. In the event of any discrepancy between the two
above-mentioned versions, the Chinese version shall prevail.
§2 Major accounting data and changes of shareholders
2.1 Major accounting data and financial indexes
Is there any traceable adjustment to the financial statements for the previous report period?
□ Yes √ No
Increase/decrease
2016.9.30 2015.12.31
over 2015.12.31
Total assets 4,838,503,096.34 4,082,499,864.42 18.52%
Shareholder’s equity attributable to
3,152,517,387.71 2,647,609,091.41 19.07%
parent company
Increase/decrease Increase/decrease over
2016.7-9 2016.1-9
over 2015.7-9 2015.1-9
Total operating income 471,165,234.36 -2.76% 1,251,085,098.39 4.58%
Net profit attributable to parent
64,264,334.88 89.29% 131,751,621.72 32.51%
company
Net profit attributable to parent
company after deducting 38,183,454.01 12.68% 100,093,912.04 2.38%
non-recurring gains/losses
Net cash generated from operating
-- -- -58,428,984.60 64.69%
activities
Basic earnings per share 0.11 57.14% 0.23 21.05%
Diluted earnings per share 0.11 57.14% 0.23 21.05%
Increase 0.68 Decrease0.06
Return on equity 2.33%
percentage points
4.85%
percentage points
Amount from beginning of
Item of non-recurring gains and losses year to the end of report
period
Profit and loss from disposal of non-current assets -37,684.62
Tax returned/reduced by chance 1,232,868.14
Government subsidies which were included in the current profits and losses 5,563,711.00
The cost of investment that the Company acruring subsidiary,the associated and the
30,338,002.80
joint venture are less than the book net assets of the invested entity
Other non-operating incomes and expenses except the above mentioned 238,334.15
Income tax effects 5,627,202.14
Minority equity interests effects (after tax) 50,319.65
Total 31,657,709.68
2.2 Total number and particulars of the shareholders by the end of the report period
Total shareholders at the end of report period 39,898
Shareholding of top ten shareholders
Number of Number of
Name Nature Proportion Total number shares with pledged shares
sale restriction or shares frozen
Domestic non-state-owned
Dalian Bingshan Group Co., Ltd. 20.38% 122,083,524
legal person
SANYO ELECTRIC CO LTD Foreign legal person 8.77% 52,502,250
Industrial Securities Golden Kylin No. 2 Collective
Others 2.85% 17,063,257 7,280,081
Asset Management Plan
National Social Security Funds 104 Portfolio Others 1.35% 8,100,000 5,864,510
National Social Security Funds 503 Portfolio Others 0.98% 5,864,510 5,864,510
Zhejiang Caitong Capital Co., Ltd - Caitong Capital
Others 0.98% 5,864,509 5,864,509
Kunze No. 2 Securities vInestment Fund
Shenzhen B & D Capital Fengnian Jinjia No. 1 Fund Others 0.98% 5,864,509 5,864,509
Lin Zhenming Foreign natural person 0.74% 4,410,050
China Everbright Bank Yangguang Dingzeng Portfolio
Others 0.70% 4,165,041 3,033,367
Asset Management Plan
Sun Huiming Domestic natural person 0.62% 3,724,449
Particulars about shares held by the top ten negotiable shareholders not subject to conditional sales
Name of shareholder EORP (shares) Type
Dalian Bingshan Group Co., Ltd. 122,083,524 A
SANYO ELECTRIC CO LTD 52,502,250 B
Industrial Securities Golden Kylin No. 2 Collective Asset Management Plan 9,783,176 A
Lin Zhenming 4,410,050 B
Sun Huiming 3,724,449 B
Peng Hua reform dividend equity securities investment fund 3,638,357 A
China Life Insurance Company Ltd-dividend-individual dividend-005L-FH002SHEN 3,082,364 A
Manufacturing Excellence equity securities investment fund of China International Fund
2,610,445 A
Management
Dalian City Industrial Investment Co., Ltd. 2,433,375 A
National Social Security Funds 104 Portfolio 2,235,490 A
Dalian Bingshan Group Co., Ltd. had the
association relationship with Sanyo Electric
Notes to the associated relationship and uniform actions of the above shareholders Co., Ltd. among the above shareholders.
Sanyo Electric Co., Ltd. holds 26.6% of Dalian
Bingshan Group Co., Ltd.'s equity.
Did the Company's shareholders conduct the agreed repurchase transactions in the reporting period?
□ Yes √ No
Information on the total number of preferred shareholders and the shares held by top ten preferred shareholders as
of the end of the reporting period □ Yes √ No
§3 Important Matters
3.1 Major changes in main financial items and indexes, and description of the cause
√ Applicable □ Inapplicable
1. Monetary fund is markedly increased over that of year-begin, mainly due to the money are raised in the Period
for privately offering of A-share;
2. Account paid in advance is markedly increased over that of year-begin, mainly because the account paid in
advance for equipment increased in the Period;
3. Dividend receivable is markedly increased over that of year-begin, mainly undue dividend receivable increased
in the Period;
4. Other account receivable is markedly increased over that of year-begin, mainly because bid bond increased in the
Period;
5. Construction in progress is markedly increased over that of year-begin, mainly because construction of new
factories increased in the Period;
6. Short-term loans has significantly reduction over that of year-begin, mainly due to the debt repayment in the
Period;
7. Account received in advance is markedly increased over that of year-begin, mainly because account of order
received in advance increased in the Period;
8. Wages payable has significantly reduction over that of year-begin, mainly because the wages accural in end of
last period have paid in the Period;
9. Long-term loan is markedly increased over that of year-begin, mainly because carried out specific fund loans
from CDB Development Fund in the Period;
10. Capital reserve is markedly increased over that of year-begin, mainly due to the stock premium of privately
offering of A-share in the Period recognized;
11. Financial expenses is clearly increased from a year earlier, mainly because the decline of fixed term deposit in
the Period;
12. Assets impairment loss is clearly increased from a year earlier, mainly because the bad debt provision of the
account receivable accural in the Period increased;
13. Investment earning is clearly increased from a year earlier, mainly because more investment income from
financial assets available for sale in the period, and the profit from associated company- Dalian Fuji Bingshan
Vending Machine Co., Ltd. increased in the period;
14. Non-operation revenue is markedly increased from a year earlier, mainly because purchasing 70% equity of
Dalian Sanyo Minghua Electric Co., Ltd.in the Period ,the book net assets is much more than the investment
return ;
15. Net cash flow arising from operation activity is markedly increased from a year earlier, mainly because more
cash received from sales of goods in the Period;
16. Net cash flow arising from financing activity is clearly increased from a year earlier, mainly because the money
raised from privately offering of A-share increased in the period, and received a specific fund from CDB
Development Fund.
3.2 Analytic description of major matters, their influence and solutions
Applicable√ Inapplicable
3.3 Commitments of the Company or its shareholders holding 5% or higher of the shares in the reporting period or
carried to the reporting period
Applicable√ Inapplicable
3.4 Precautions on forecasting of 2016, the accumulated net profit may be turned into loss or change greatly
compared with that in the same period of the last year, and description of the cause
□ Applicable √ Inapplicable
3.5 Securities investment
√Applicable □ Inapplicable
Proportion of share
Amount of primary Quantity (Shares) Book value at the
Name of object held equity in that Profit and loss within period
investment held end of period
company
Guotai Junan
30,098,895.00 30,098,895 0.39% 533,954,397.30 0.00
Secunities Co., Ltd
Total 30,098,895.00 30,098,895 - 559,839,447.00 0.00
3.6 Derivative investment
□ Applicable √ Not applicable
During the reporting period, the Company does not exist derivative investment.
3.7Table of investigation, communication, interview received
Receiving time Way of receiving Received object type Basic situation index
July. 21, 2016 Field investigation Institution http:// www.cninfo.com.cn
Sep.08, 2016 Field investigation Institution http:// www.cninfo.com.cn
Sep.14, 2016 Field investigation Institution http:// www.cninfo.com.cn
3.8 Violation of guaranty
□ Applicable √ Not applicable
3.9 Non-operation capital occupation by holding shareholders and their related parties in the listed company
□ Applicable √ Not applicable
§4 Financial Report (attached)
Not audited.
Board of Directors of Dalian Refrigeration Co., Ltd.
October 27, 2016
BALANCE SHEET
Prepared by Dalian Refrigeration Co., Ltd. September30, 2016 Unit: RMB Yuan
30-Sep-2016 31-Dec-2015
Assets
Consolidation Parent Company Consolidation Parent Company
Current assets:
Monetary funds 616,088,857.38 443,987,562.46 244,789,824.53 149,314,329.13
Financial assets which are measured by fair value and
which changes are recorded in current profit and loss
Derivative financial assets
Notes receivable 55,565,181.11 17,105,154.24 71,699,517.68 40,690,578.22
Accounts receivable 863,763,259.65 185,208,833.86 671,423,836.87 196,691,940.87
Accounts in advance 169,777,382.16 100,017,397.30 44,218,887.91 22,523,974.19
Interest receivables
Dividend receivable 18,800,000.00 18,800,000.00 44,600.00
Other receivables 39,439,125.78 56,999,361.87 22,755,328.21 43,691,612.45
Inventories 332,591,504.46 136,847,068.68 259,099,149.47 122,212,395.56
Assets held for sale
Non-current asset due within one year
Other current assets 21,035,535.44 11,643,306.07 16,478,711.86 7,918,692.08
Total current assets 2,117,060,845.98 970,608,684.48 1,330,509,856.53 583,043,522.50
Non-current assets:
Finance asset held available for sales 547,866,055.89 546,550,913.39 733,275,249.09 731,960,106.59
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 1,277,426,421.95 1,680,179,134.56 1,220,367,767.73 1,460,958,799.28
Investment property 24,039,090.25 24,039,090.25 24,497,584.00 24,497,584.00
Fixed assets 431,341,241.28 229,122,045.47 449,907,430.32 246,435,789.69
Construction in progress 254,921,583.32 226,633,994.07 137,025,384.58 109,277,419.44
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 155,969,448.08 88,918,469.84 158,417,802.57 90,015,524.05
Expense on Research and Development
Goodwill 1,750,799.49 1,440,347.92
Long-term expenses to be apportioned 4,750,852.46 3,951,901.82 5,857,504.95 5,033,031.30
Deferred income tax asset 23,376,757.64 8,138,507.63 21,200,936.73 8,675,787.57
Other non-current asset
Total non-current asset 2,721,442,250.36 2,807,534,057.03 2,751,990,007.89 2,676,854,041.92
Total assets 4,838,503,096.34 3,778,142,741.51 4,082,499,864.42 3,259,897,564.42
BALANCE SHEET (CONTINUED)
Prepared by Dalian Refrigeration Co., Ltd. September 30, 2016 Unit: RMB Yuan
30-Sep-2016 31-Dec-2015
Liabilities and shareholders’ equity
Consolidation Parent Company Consolidation Parent Company
Current liabilities:
Short-term loans 55,000,000.00 82,600,000.00 27,600,000.00
Derivative financial liabilities
Notes payable 171,779,171.10 71,127,3
