Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.QUARTERLY REPORT FOR FIRST QUARTER, 2021
§1 Important Notes
1.1 The directors and the Board of Directors, the supervisors and the Supervisory Board, and Senior staffmembers of Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. (hereinafter referred to as theCompany) hereby confirm that there are no any important omissions, fictitious statements or serious misleadingcarried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy andcompleteness of the whole contents.
1.2 All the directors have attended this Board meeting of the Company.
1.3 Chairman of the Board of Directors of the Company Mr. Ji Zhijian, Financial Majordomo Mr. Ma Yun, and thehead of Accounting Department Mrs. Wang Jinxiu hereby confirm that the financial report of the quarterly reportis true and complete.
1.4 This report is written respectively in Chinese and in English. In the event of any discrepancy between the twoabove-mentioned versions, the Chinese version shall prevail.
§2 Company Profile
2.1 Major accounting data and financial indexes
January-March, 2021 | January-March, 2020 | Increase/decrease compared with previous year | |
Operating revenue | 491,609,773.09 | 463,218,112.74 | 6.13% |
Net profit attributable to shareholders of listed companies | -28,904,736.89 | -58,673,476.79 | 50.74% |
Net profit belonging to the shareholders of listed companies after the deduction of non-recurring profit and loss | -16,049,142.03 | -29,177,871.92 | 45.00% |
Net cash flow from operating activities | 17,535,066.89 | -81,344,046.60 | 121.56% |
Basic earnings per share | -0.034 | -0.070 | 51.43% |
Diluted earnings per share | -0.034 | -0.070 | 51.43% |
Weighted average return on net asset yield | -0.86% | -1.75% | Increase 0.89 percentage points |
March 31, 2021 | December 31, 2020 | Increase/decrease compared with year beginning | |
Total assets | 5,808,295,767.48 | 5,681,568,328.36 | 2.23% |
Owner's equity attributable to shareholders of listed companies | 3,346,705,051.18 | 3,375,609,788.07 | -0.86% |
The net profit of the Company was in deficit (year-on-year loss reduction) , mainly due to 1.During the reportingperiod, there are large amount of non-recurring losses, mainly due to that the negative change in fair value of GuotaiJunan has made the Company loss about 14.16million yuan in first quarter,2021.2. During the reporting period,affected by the rising price of raw materials, the cost pressure of the Company and its affiliates increased, and theimprovement effect of the Company's main business was not fully reflected.non-recurring gains and losses
√ Applicable □ Inapplicable
Item of non-recurring gains and losses | Amount from beginning of year to the end of report period |
Disposal gains and losses of non-current asset | -581.47 |
Government subsidies included in current profit or loss | 293,055.99 |
Disposal gains from investments on other non-current financial assets, or gains from fair value change of other non-current financial assets | -16,653,910.32 |
Other operating revenue or expense | 1,579,351.60 |
Income tax effect | -2,179,769.97 |
Minority shareholders’ gains and losses | 253,280.63 |
Total | -12,855,594.86 |
2.2 Total number and particulars of the shareholders by the end of the report period
Total number of shareholders in the reporting period | 45,887 | |||||||
Shareholding of top ten shareholders | ||||||||
Name | Nature | Proportion | Total number | Number of shares with sale restriction | Number of pledged shares or shares frozen | |||
Dalian Bingshan Group Co., Ltd. | Domestic non-state-owned legal person | 20.27% | 170,916,934 | 0 | ||||
Sanyo Electric Co., Ltd. | Overseas legal person | 8.72% | 73,503,150 | 0 | ||||
Lin Zhenming | Foreign natural person | 0.80% | 6,740,000 | 0 | ||||
Wu An | Domestic natural person | 0.53% | 4,500,000 | 0 | ||||
Zhang Hui | Domestic natural person | 0.52% | 4,388,975 | 0 | ||||
Zhang Sufen | Domestic natural person | 0.48% | 4,100,000 | 0 | ||||
Sun Huiming | Domestic natural person | 0.43% | 3,620,979 | 0 | ||||
Xue Hong | Domestic natural person | 0.42% | 3,570,000 | 0 | ||||
Kong Guiyan | Domestic natural person | 0.42% | 3,554,754 | 0 | ||||
Dalian industrial development investment Co., Ltd. | Domestic non-state-owned legal person | 0.40% | 3,406,725 | 0 | ||||
Shareholding of top ten shareholders without sale restriction | ||||||||
Name | Number of shares without sale restriction | Type of shares | ||||||
Dalian Bingshan Group Co., Ltd. | 170,916,934 | RMB denominated ordinary shares | ||||||
Sanyo Electric Co., Ltd. | 73,503,150 | Domestically listed foreign shares | ||||||
Lin Zhenming | 6,740,000 | Domestically listed foreign shares | ||||||
Wu An | 4,500,000 | Domestically listed foreign shares | ||||||
Zhang Hui | 4,388,975 | RMB denominated ordinary shares | ||||||
Zhang Sufen | 4,100,000 | RMB denominated ordinary shares | ||||||
Sun Huiming | 3,620,979 | Domestically listed foreign shares | ||||||
Xue Hong | 3,570,000 | Domestically listed foreign shares | ||||||
Kong Guiyan | 3,554,754 | RMB denominated ordinary shares | ||||||
Dalian industrial development investment Co., Ltd. | 3,406,725 | RMB denominated ordinary shares | ||||||
Notes to the associated relationship and uniform actions of the above shareholders | Dalian Bingshan Group Co., Ltd. had the association relationship with Sanyo Electric Co., Ltd. among the above shareholders. Sanyo Electric Co., Ltd. holds 26.6% of Dalian Bingshan Group Co., Ltd.'s equity. |
§3 Important Matters
3.1 Major changes in main financial items and indexes, and description of the cause
√ Applicable □ Inapplicable
3.2 Important Progress and the analysis of the influence and solution
□Applicable√Inapplicable
Progress of share buybacks
□Applicable√Inapplicable
Progress of share buybacks in the way of centralized bidding for reduction
□Applicable√Inapplicable
3.3 Commitments of the Company or its shareholders, actual controller and other related parties in the reportingperiod or carried to the reporting period
□ Applicable √ Inapplicable
3.4. Financial asset investment
1. The securities investment
√Applicable □Inapplicable
2. Derivative investment
□ Applicable √ Inapplicable
3.5 Progress of investment projects raised funds
□ Applicable √ Inapplicable
3.6 Estimated operating results for the period January-June 2021
□ Applicable √ Inapplicable
3.7 Daily operation of major contracts
□ Applicable √ Inapplicable
3.8 Trust management
□ Applicable √ Inapplicable
3.9 Violation of external guaranty
□ Applicable √ Inapplicable
3.10 Non-operation capital occupation by holding shareholders and their related parties in the listed company
□ Applicable √ Inapplicable
3.11 3.7 Table of investigation, communication, interview received
□ Applicable √ Inapplicable
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd..
April 24, 2021
1.Accounts in advance has increased significantly compared with the beginning of the year, mainly due to the increase of ordersin this period, especially the increase of engineering projects, and the need to pay the supplier in advance.
2. Other receivables has decreased significantly compared with the beginning of the year, mainly due to the receipt of the secondphase of the Bingshan Consulting equity transfer price.
3. Contract liability has increased significantly compared with the beginning of the year, mainly due to the increase of orders,advance payment increased.
4. The salary payable has decreased significantly compared with the beginning of the year, mainly due to the payment ofprovision employee compensation of last period-end during the reporting period.
5. The selling expenses has increased significantly y-o-y, mainly due to the 2019-nCoV has limited the sales activities in thesame period last year.
6. Net cash flows arising from operating activities has increased significantly y-o-y, mainly due to the increase in cash receivedfrom selling commodities.
7. Net cash flows arising from investing activities has increased significantly y-o-y, mainly due to the receipt of the second phaseof the Bingshan Consulting equity transfer price.
8. Net cash flows arising from financing activities has decreased significantly y-o-y, mainly due to a decrease in cash receivedfor borrowing and an increase in cash paid for debt repayment.
Type ofsecurities
Type of securities | Stock Code | Short Form of the Stock | Initial cost of investment | Accounting Measurement Model | Begin Book value | Fair Value Change Gains and Losses in the Current Period | Accumulated Fair Value Change Included in Equity | Current Purchase | Current Sale | Gains and losses during the reporting period | Final Book value | Accounting subjects | Source of funds |
Stock | 601211 | Guotai Junan | 12,910,008.00 | Measuring at fair value | 226,312,440.24 | -16,653,910.32 | 0.00 | 0.00 | 0.00 | -16,653,910.32 | 209,658,529.92 | Other non-current financial assets | Own fund |
Total | 12,910,008.00 | -- | 226,312,440.24 | -16,653,910.32 | 0.00 | 0.00 | 0.00 | -16,653,910.32 | 209,658,529.92 | -- | -- |