Stock Code: 000530; 200530 Short Form of the Stock:Bingshan; Bingshan B No:2022-050
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.QUARTERLY REPORT FOR THIRD QUARTER, 2022
The directors and the Board of Directors of Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.hereby confirm that there are no any important omissions, fictitious statements or serious misleading carried inthis report.
Important Notes
1. The directors and the Board of Directors, the supervisors and the Supervisory Board, and Senior staff
members 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 seriousmisleading carried in this report, and shall take all responsibilities, individual and/or joint, for the reality,accuracy and completeness of the whole contents.
2. Chairman of the Board of Directors of the Company Mr. Ji Zhijian, Financial Majordomo Mrs. Wang Jinxiuand the head of Accounting Department Mr. Li Sheng hereby confirm that the financial report of the quarterlyreport is true and complete.
3. The Company’s quarterly financial report has not been audited.
§1 Major accounting data and changes of shareholders
1.1 Major accounting data and financial indexes
Is there any traceable adjustment to the financial statements for the previous report period?
□ Yes √ No
| 2022.7-9 | 2021.7-9 | Increase/decrease over 2021.7-9 | 2022.1-9 | 2021.1-9 | Increase/decrease over 2021.1-9 | |
| Total operating income | 752,258,640.60 | 657,628,182.17 | 14.39% | 2,044,117,549.31 | 1,751,913,803.14 | 16.68% |
| Net profit attributable to parent company | -21,540,127.71 | -26,965,424.33 | 20.12% | 8,028,223.81 | -41,549,634.34 | 119.32% |
| Net profit attributable to parent company after deducting non-recurring gains/losses | -23,177,485.56 | -39,026,942.89 | 40.61% | -12,472,367.21 | -50,909,617.50 | 75.50% |
| Net cash generated from operating activities | _ | _ | _ | -294,901,573.59 | 4,865,672.01 | -6,160.86% |
| Basic earnings per share | -0.026 | -0.030 | 13.33% | 0.01 | -0.049 | 120.41% |
| Diluted earnings per share | -0.026 | -0.030 | 13.33% | 0.01 | -0.049 | 120.41% |
| Weighted average return on net asset yield | -0.72% | -0.80% | Increase0.08 percentage points | 0.27% | -1.20% | Increase 1.47 percentage points |
| 2022.9.30 | 2021.12.31 | Increase/decrease over 2021.12.31 | ||||
| Total assets | 5,919,364,392.25 | 5,735,570,604.67 | 3.20% | |||
| Shareholder’s equity attributable to parent company | 2,996,716,902.50 | 3,002,842,837.47 | -0.20% | |||
In the first three quarters of 2022, the Company's net profit turned from loss to profit, mainly due to the followingreasons:
1. During the reporting period, the Company focused on the hot and cold business, deeply cultivated theadvantageous market segments, solidly enhanced the core competitiveness, and continuously improved the mainbusiness. Affected by adverse factors, and new retail related to the joint venture investment income significantlyreduced.
2. During the reporting period, the Company transferred 17.8% equity of Cold King Container TemperatureControl (Suzhou) Co., LTD., and achieved net income of about 36.5 million Yuan in the current period; TheCompany reduced its holding of Jingxue Energy Saving by 2% through bulk transactions, achieving a net incomeof about 14.5 million yuan in the current period; The negative change in fair value of Guotai Junan brought a netloss of about 39 million yuan to the Company in the current period. The above items belong to non-recurring
gains and losses.
| Item of non-recurring gains and losses | Amount of this report period | Amount from beginning of year to the end of report period |
| Profit and loss from disposal of non-current assets | 50,429.22 | 117,689.42 |
| Government subsidies which were included in the current profits and losses | 5,353,698.82 | 7,337,869.44 |
| When the investment cost of a subsidiary, associate or joint venture is less than that of the investment, an enterprise shall enjoy the income generated by the fair value of the identifiable net assets of the invested entity | 14,673,186.02 | 17,507,806.65 |
| Disposal gains from investments on financial assets available for sale, and gains from fair value change of other non-current financial assets | -16,692,312.24 | -2,821,708.72 |
| Other non-operating incomes and expenses except the above mentioned | 1,798,538.68 | 3,076,578.46 |
| Income tax effects | 3,342,620.35 | 4,335,503.48 |
| Minority equity interests effects (after tax) | 203,562.30 | 382,140.75 |
| Total | 1,637,357.85 | 20,500,591.02 |
1.3 Major changes in main financial items and indexes, and description of the cause
√ Applicable □ Inapplicable
(1). Notes receivable increased 42.59% compared with the beginning of the year, mainly due to the increase insettlement bills.
(2). Accounts receivable increased 36.61% compared with the beginning of the year, mainly due to the increase inoperating revenue, the increase in engineering projects, the overall proportion of accounts receivable increased.
(3). Receivables financing decreased 44.49% compared with the beginning of the year, mainly due to high creditbanks not due acceptance.
(4). Accounts paid in advance increased 57.01% compared with the beginning of the year, mainly due to theincrease of orders in this period, especially the increase of engineering projects, we need to pay the suppliers inadvance.
(5). Other Non-current financial assets decreased 42.30% compared with the beginning of the year, Mainly due tothe transfer of the company's 17.8% stake in Cold King Container Temperature Control (Suzhou) Co., LTD., andthe negative change in the share price of Guotai Junan.
(6). Construction in progress increased 60.13% compared with the beginning of the year, mainly because of thetransformation of the workshop heat pump.
(7). Right of use assets decreased 36.18% compared with the beginning of the year, mainly due to a decrease inleased office space.
(8). Salary payable decreased 36.31% compared with the beginning of the year, mainly due to the current periodhas been paid at the end of the last period of the staff salary (year-end bonus, etc.)
(9). Taxes payable increased 184.77% compared with the beginning of the year, mainly due to pay value added tax,income tax changes.
(10). Other accounts payable decreased 55.74% compared with the beginning of the year, mainly to pay forpersonal reimbursement of the balance and pay for freight and other exchange expenses reduced.
(11). Deferred income tax liabilities decreased 41.75% compared with the beginning of the year, mainly becauseGuotai Junan stock price negative change.
(12).Gain from investment increased 341.07% on a year-on-year basis, mainly due to the transfer of 17.8% of theCompany's holding of Cold King Container Temperature Control (Suzhou) Co., LTD., and the reduction of 2% ofCrystal Snow Energy-saving shares.
(13). Gain from change in fair value decreased 1,328.51% on a year-on-year basis, mainly because Guotai Junanstock price negative change.
(14).Net cash flows arising from operating activities decreased 299.77 million yuan on a year-on-year basis,mainly due to an increase in product and engineering orders and an increase in cash paid for the purchase of rawmaterials and engineering construction.
(15). Net cash flows arising from investing activities increased 155.56 million yuan on a year-on-year basis,mainly due to the transfer of 17.8% of the company's holding of Cold King Container Temperature Control(Suzhou) Co., LTD., and the reduction of 2% of Jing xue Energy-saving shares.
(16).Net cash flows arising from financing activities increased 82.96million yuan on a year-on-year basis, mainlydue to lower cash payments to service debt.
2. Shareholders' information
2.1 Total number and particulars of the shareholders by the end of the report period
| Total number of shareholders in the reporting period | 77,661 | Total number of shareholders as of the last month before disclosure of the annual report | |||||||
| 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 | ||||||
| Sanyo Electric Co., Ltd. | Overseas legal person | 8.72% | 73,503,150 | ||||||
| Shen Dongrong | Domestic natural person | 1.46% | 12,288,400 | ||||||
| Liu Zhaoshui | Domestic natural person | 0.99% | 8,374,200 | ||||||
| Lin Zhenming | Foreign natural person | 0.80% | 6,730,000 | ||||||
| Chen Xianlai | Domestic natural person | 0.58% | 4,926,200 | ||||||
| Chen Yong | Domestic natural person | 0.53% | 4,494,500 | ||||||
| Xue Hong | Domestic natural person | 0.42% | 3,580,000 | ||||||
| Wu An | Domestic natural person | 0.41% | 3,415,200 | ||||||
| Dalian industrial development investment Co., Ltd. | Domestic non-state-owned legal person | 0.40% | 3,406,725 | ||||||
| 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 | |||||||
| Shen Dongrong | 12,288,400 | RMB denominated ordinary shares | |||||||
| Liu Zhaoshui | 8,374,200 | RMB denominated ordinary shares | |||||||
| Lin Zhenming | 6,730,000 | Domestically listed foreign shares | |||||||
| Chen Xianlai | 4,926,200 | RMB denominated ordinary shares | |||||||
| Chen Yong | 4,494,500 | RMB denominated ordinary shares | |||||||
| Xue Hong | 3,580,000 | Domestically listed foreign shares | |||||||
| Wu An | 3,415,200 | Domestically listed foreign 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. | ||||||||
At the end of the report period, the total number of shareholders of the Company was 77,661, including 70,316A-share shareholders and 7,345 B-share shareholders.
2.2 Information on the total number of preferred shareholders and the shares held by top ten preferredshareholders as of the end of the reporting period
□ Yes √ No
§3 Other important MattersDuring the reporting period, the Company reduced its holdings of Jingxue Energy Saving by 2,160,000 sharesthrough bulk trading, accounting for 2% of the total capital stock of Jingxue Energy Saving; A total of 1,080,000shares of Jingxue Energy Saving have been engaged in refinancing securities lending transactions, accounting for1% of the total capital stock of Jingxue Energy Saving.
§4 Financial Statements
CONSOLIDATION BALANCE SHEET
Prepared by Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. September 30, 2022 Unit: RMB Yuan
| Items | 30-Sep-2022 | 1-Jan-2022 |
Current assets:
| Current assets: | ||
| Monetary funds | 433,278,755.30 | 522,658,505.79 |
Financial assets which are measured by fair value and which changes arerecorded in current profit and loss
| Financial assets which are measured by fair value and which changes are recorded in current profit and loss | ||
| Derivative financial assets |
Transaction financial assets
| Transaction financial assets |
Notes receivable
| Notes receivable | 237,312,309.92 | 166,430,365.74 |
| Accounts receivable | 1,122,280,028.43 | 821,548,678.85 |
Receivables financing
| Receivables financing | 24,259,183.49 | 43,704,310.38 |
| Accounts paid in advance | 286,854,417.59 | 182,701,403.55 |
Other receivables
| Other receivables | 52,212,418.76 | 60,340,096.45 |
Interest receivables
| Interest receivables | ||
| Dividend receivable | 1,003,568.75 |
Inventories
| Inventories | 1,035,944,382.77 | 1,014,527,127.82 |
| Contract assets | 130,188,419.06 | 109,859,658.79 |
Assets held for sale
| Assets held for sale |
Non-current asset due within one year
| Non-current asset due within one year | 14,990,989.30 | 14,990,989.30 |
| Other current assets | 10,559,853.74 | 24,525,076.71 |
Total current assets
| Total current assets | 3,347,880,758.36 | 2,961,286,213.38 |
| Non-current assets: |
Finance asset held available for sales
| Finance asset held available for sales |
Held-to-maturity investment
| Held-to-maturity investment | ||
| Long-term account receivable |
Long-term equity investment
| Long-term equity investment | 1,169,106,175.09 | 1,231,504,533.45 |
| Other Non-current financial assets | 150,823,661.95 | 261,410,664.61 |
Investment property
| Investment property | 116,305,340.46 | 120,752,809.61 |
Fixed assets
| Fixed assets | 822,099,451.09 | 855,395,405.85 |
| Construction in progress | 62,409,744.48 | 38,974,478.45 |
Right of use assets
| Right of use assets | 15,274,461.64 | 23,934,703.37 |
| Engineering material |
Disposal of fixed asset
| Disposal of fixed asset |
Productive biological asset
| Productive biological asset | ||
| Oil and gas asset |
Intangible assets
| Intangible assets | 137,188,907.01 | 142,592,738.10 |
Expense on Research and Development
| Expense on Research and Development | ||
| Goodwill | 1,750,799.49 | 1,750,799.49 |
Long-term expenses to be apportioned
| Long-term expenses to be apportioned | 7,306,719.87 | 8,088,684.23 |
| Deferred income tax asset | 89,218,372.81 | 89,879,574.13 |
Other non-current asset
| Other non-current asset |
Total non-current asset
| Total non-current asset | 2,571,483,633.89 | 2,774,284,391.29 |
| Total assets | 5,919,364,392.25 | 5,735,570,604.67 |
| Current liabilities: |
Short-term loans
| Short-term loans | 247,000,000.00 | 245,937,091.72 |
| Financial liabilities which are measured by fair value and which changes are recorded in current profit and loss |
Derivative financial liabilities
| Derivative financial liabilities | ||
| Transaction financial liabilities |
Notes payable
| Notes payable | 355,757,939.78 | 380,033,039.56 |
Accounts payable
| Accounts payable | 1,168,375,475.66 | 919,871,927.53 |
| Accounts received in advance |
Contract liabilities
| Contract liabilities | 480,236,940.48 | 499,719,963.40 |
| Wage payable | 22,387,897.94 | 35,148,782.48 |
Taxes payable
| Taxes payable | 38,485,990.05 | 13,514,847.82 |
Other accounts payable
| Other accounts payable | 24,469,031.04 | 55,284,140.21 |
| Interest payable |
Dividend payable
| Dividend payable | 2,333,156.00 | 3,008,156.00 |
Liabilities held for sale
| Liabilities held for sale | ||
| Non-current liabilities due within one year | 17,363,993.35 | 24,175,388.12 |
Other current liabilities
| Other current liabilities | 229,518,856.01 | 195,213,206.91 |
| Total current liabilities | 2,583,596,124.31 | 2,368,898,387.75 |
Non-current liabilities:
| Non-current liabilities: |
Long-term loans
| Long-term loans | 140,000,000.00 | 150,000,000.00 |
| Bonds payable |
Preferred stock
| Preferred stock | ||
| Perpetual bond |
Lease liability
| Lease liability | 997,434.45 | 5,394,021.14 |
Long-term account payable
| Long-term account payable | 20,768,932.49 | 19,998,913.29 |
| Long-term wage payable |
Special Payable
| Special Payable | ||
| Anticipation liabilities |
Deferred income
| Deferred income | 102,801,093.39 | 106,185,323.82 |
Deferred income tax liabilities
| Deferred income tax liabilities | 20,734,470.21 | 35,596,349.70 |
| Other non-current liabilities | 285,301,930.54 | 317,174,607.95 |
Total non-current liabilities
| Total non-current liabilities | 2,868,898,054.85 | 2,686,072,995.70 |
| Total liabilities |
Shareholders’ equity
| Shareholders’ equity |
Share capital
| Share capital | 843,212,507.00 | 843,212,507.00 |
| Other equity instruments |
Preferred stock
| Preferred stock | ||
| Perpetual bond |
Capital public reserve
| Capital public reserve | 714,493,833.07 | 720,215,866.78 |
Less: Treasury stock
| Less: Treasury stock | ||
| Other comprehensive income | 2,178,681.73 | 2,178,681.73 |
Special preparation
| Special preparation | ||
| Surplus public reserve | 809,471,199.64 | 809,471,199.64 |
Generic risk reserve
| Generic risk reserve |
Retained profit
| Retained profit | 627,360,681.06 | 627,764,582.32 |
| Total owner’s equity attributable to parent company | 2,996,716,902.50 | 3,002,842,837.47 |
Minority interests
| Minority interests | 53,749,434.90 | 46,654,771.50 |
| Total owner’s equity | 3,050,466,337.40 | 3,049,497,608.97 |
Total liabilities and shareholder’s equity
| Total liabilities and shareholder’s equity | 5,919,364,392.25 | 5,735,570,604.67 |
Legal Representative: Ji Zhijian Chief Financial Official: Wang Jinxiu Person in Charge of Accounting Organization: Li Sheng
CONSOLIDATION INCOME STATEMENTPrepared by Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. January - September, 2022 Unit: RMB Yuan
| Items | January-September, 2022 | January- September, 2021 |
| I. Total sales | 2,044,117,549.31 | 1,751,913,803.14 |
II. Total operating cost
| II. Total operating cost | 2,057,243,064.66 | 1,818,095,119.51 |
Including: Operating cost
| Including: Operating cost | 1,779,802,998.39 | 1,537,686,115.03 |
| Taxes and associate charges | 15,646,694.55 | 14,782,923.04 |
Selling and distribution expenses
| Selling and distribution expenses | 92,218,838.90 | 91,119,255.32 |
| Administrative expenses | 108,550,680.84 | 108,999,166.58 |
R&D expenses
| R&D expenses | 52,363,696.66 | 54,388,434.55 |
Financial expense
| Financial expense | 8,660,155.32 | 11,119,224.99 |
| Including: interest expense | 11,655,789.18 | 14,919,014.00 |
interest income
| interest income | 2,768,663.68 | 5,032,852.90 |
| Add: Other income | 3,357,636.01 | 1,360,302.53 |
Gain/(loss) from investment
| Gain/(loss) from investment | 84,086,155.71 | 19,064,313.18 |
Including: income from investment onaffiliated enterprise and jointly enterprise
| Including: income from investment on affiliated enterprise and jointly enterprise | -1,089,360.88 | 9,479,575.98 |
| Gain/(loss) from change in fair value (loss as “-“) | -46,118,233.76 | 3,754,002.40 |
Credit impairment loss (loss as “-“)
| Credit impairment loss (loss as “-“) | -14,115,428.91 | -5,784,568.00 |
| Assets impairment loss (loss as “-“) | -755,169.48 | -8,258,805.29 |
Gain/(loss) from asset disposal (loss as “-“)
| Gain/(loss) from asset disposal (loss as “-“) | 117,689.42 | 27,171.60 |
III. Operating profit
| III. Operating profit | 13,447,133.64 | -56,018,899.95 |
| Add: non-business income | 3,648,490.08 | 7,547,220.30 |
Less: non-business expense
| Less: non-business expense | 571,911.62 | 1,004,350.24 |
| IV. Total profit | 16,523,712.10 | -49,476,029.89 |
Less: Income tax
| Less: Income tax | 5,635,364.87 | -1,445,628.95 |
V. Net profit
| V. Net profit | 10,888,347.23 | -48,030,400.94 |
| (I) Net profit from continuous operation | 10,888,347.23 | -48,030,400.94 |
(II)Net profit from discontinuing operation
| (II)Net profit from discontinuing operation | ||
| Net profit attributable to parent company | 8,028,223.81 | -41,549,634.34 |
Minority shareholders’gains and losses
| Minority shareholders’ gains and losses | 2,860,123.42 | -6,480,766.60 |
VI. After-tax net amount of other comprehensiveincomes
| VI. After-tax net amount of other comprehensive incomes |
After-tax net amount of other comprehensive incomesattributable to owners of the Company
| After-tax net amount of other comprehensive incomes attributable to owners of the Company | ||
| (I) Other comprehensive incomes that will not be reclassified into gains and losses |
1. Changes in net liabilities or assets with a defined
benefit plan upon re-measurement
| 1. Changes in net liabilities or assets with a defined benefit plan upon re-measurement | ||
| 2. Enjoyable shares in other comprehensive incomes in invests that cannot be reclassified into gains and losses under the equity method |
(II) Other comprehensive incomes that will bereclassified into gains and losses
| (II) Other comprehensive incomes that will be reclassified into gains and losses | ||
| 1. Enjoyable shares in other comprehensive incomes in invests that will be reclassified into gains and losses under the equity method | ||
| 2. Gains and losses on fair value changes of available-for-sale financial assets |
3. Gains and losses on reclassifying held-to-maturity
investments into available-for-sale financial assets
| 3. Gains and losses on reclassifying held-to-maturity investments into available-for-sale financial assets |
4. Effective hedging gains and losses on cash flows
| 4. Effective hedging gains and losses on cash flows |
| 5. Foreign-currency financial statement translation difference |
、Others
| 6、Others | ||
| …… |
After-tax net amount of other comprehensive incomesattributable to minority shareholders
| After-tax net amount of other comprehensive incomes attributable to minority shareholders |
VII Total comprehensive income
| VII Total comprehensive income | 10,888,347.23 | -48,030,400.94 |
| Total comprehensive income attributable to parent company | 8,028,223.81 | -41,549,634.34 |
Total comprehensive income attributable to minorityshareholders
| Total comprehensive income attributable to minority shareholders | 2,860,123.42 | -6,480,766.60 |
VIII. Earnings per share
| VIII. Earnings per share | ||
| (I) basic earnings per share | 0.01 | -0.049 |
(II) diluted earnings per share
| (II) diluted earnings per share | 0.01 | -0.049 |
Legal Representative: Ji Zhijian Chief Financial Official: Wang Jinxiu Person in Charge of Accounting Organization: Li Sheng
CONSOLIDATION CASH FLOW STATEMENT
Prepared by Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. January - September, 2022 Unit: RMB Yuan
| Items | January-September, 2022 | January - September, 2021 |
| I. Cash flows arising from operating activities: |
Cash received from selling commodities and providinglabor services
| Cash received from selling commodities and providing labor services | 1,829,040,062.90 | 1,366,490,775.49 |
Write-back of tax received
| Write-back of tax received | 19,518,381.48 | 15,767,416.25 |
| Other cash received concerning operating activities | 54,399,279.15 | 76,419,830.88 |
Subtotal of cash inflow arising from operating activities
| Subtotal of cash inflow arising from operating activities | 1,902,957,723.53 | 1,458,678,022.62 |
| Cash paid for purchasing commodities and receiving labor service | 1,744,352,580.69 | 991,847,218.79 |
Cash paid to/for staff and workers
| Cash paid to/for staff and workers | 268,660,102.51 | 258,665,354.27 |
Taxes paid
| Taxes paid | 59,392,595.29 | 61,236,522.09 |
| Other cash paid concerning operating activities | 125,454,018.63 | 142,063,255.46 |
Subtotal of cash outflow arising from operating
activities
| Subtotal of cash outflow arising from operating activities | 2,197,859,297.12 | 1,453,812,350.61 |
Net cash flows arising from operating activities
| Net cash flows arising from operating activities | -294,901,573.59 | 4,865,672.01 |
| II. Cash flows arising from investing activities: |
Cash received from recovering investment
| Cash received from recovering investment | 139,133,456.91 | 1,703,262.34 |
| Cash received from investment income | 92,354,809.76 | 80,638,354.58 |
Net cash received from disposal of fixed, intangible andother long-term assets
| Net cash received from disposal of fixed, intangible and other long-term assets | 644,321.28 | 718,371.68 |
Net cash received from disposal of subsidiaries andother units
| Net cash received from disposal of subsidiaries and other units | 5,605,792.62 | 36,263,700.00 |
| Other cash received concerning investing activities |
Subtotal of cash inflow from investing activities
| Subtotal of cash inflow from investing activities | 237,738,380.57 | 119,323,688.60 |
Cash paid for purchasing fixed, intangible and otherlong-term assets
| Cash paid for purchasing fixed, intangible and other long-term assets | 17,235,374.55 | 8,985,428.62 |
| Cash paid for investment | 45,400,000.00 |
Net cash paid for achievement of subsidiaries and otherbusiness units
| Net cash paid for achievement of subsidiaries and other business units |
Other cash paid concerning investing activities
| Other cash paid concerning investing activities | ||
| Subtotal of cash outflow from investing activities | 17,235,374.55 | 54,385,428.62 |
Net cash flows arising from investing activities
| Net cash flows arising from investing activities | 220,503,006.02 | 64,938,259.98 |
| III. Cash flows arising from financing activities |
Cash received from absorbing investment
| Cash received from absorbing investment |
Including: Cash received from absorbing minorityshareholders' equity investment by subsidiaries
| Including: Cash received from absorbing minority shareholders' equity investment by subsidiaries | ||
| Cash received from loans | 247,850,000.00 | 258,870,000.00 |
Cash received from issuing bonds
| Cash received from issuing bonds |
Other cash received concerning financing activities
| Other cash received concerning financing activities | 96,398,036.29 | 60,343,934.67 |
| Subtotal of cash inflow from financing activities | 344,248,036.29 | 319,213,934.67 |
Cash paid for settling debts
| Cash paid for settling debts | 237,000,000.00 | 337,563,543.19 |
| Cash paid for dividend and profit distributing or interest paying | 25,307,407.67 | 24,159,906.92 |
Including: dividends or profit paid by subsidiaries tominority shareholders
| Including: dividends or profit paid by subsidiaries to minority shareholders |
Other cash paid concerning financing activities
| Other cash paid concerning financing activities | 76,335,398.74 | 34,847,480.91 |
| Subtotal of cash outflow from financing activities | 338,642,806.41 | 396,570,931.02 |
Net cash flows arising from financing activities
| Net cash flows arising from financing activities | 5,605,229.88 | -77,356,996.35 |
IV. Influence on cash due to fluctuation in exchange rate
| IV. Influence on cash due to fluctuation in exchange rate | 2,465,826.18 | 188,430.42 |
| V. Net increase of cash and cash equivalents | -66,327,511.51 | -7,364,633.94 |
Add: Balance of cash and cash equivalents at the period-begin
| Add: Balance of cash and cash equivalents at the period -begin | 438,969,337.87 | 314,978,460.49 |
| VI. Balance of cash and cash equivalents at the period–end | 372,641,826.36 | 307,613,826.55 |
Legal Representative: Ji Zhijian Chief Financial Official: Wang Jinxiu Person in Charge of Accounting Organization: Li Sheng
Board of Directors of Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.October 28, 2022