1、to,to,DALIAN REFRIGERATION CO., LTD.QUARTERLY REPORT FOR FIRST QUARTER, 20121 Important Notes1.1 The directors and the Board of Directors, the supervisors and the Supervisory Board, andSenior staff members of Dalian Refrigeration Co., Ltd. (hereinafter referred to as the Company)hereby confirm that
2、there are no any important omissions, fictitious statements or seriousmisleading carried in this report, and shall take all responsibilities, individual and/or joint, for thereality, accuracy and completeness of the whole contents.1.2 The Companys quarterly financial report has not been audited.1.3
3、Chairman of the Board of Directors of the Company Mr. Zhang He, Financial Majordomo andthe head of Accounting Department Ms. Xu Junrao hereby confirm that the financial report of thequarterly report is true and complete.1.4 This report is written respectively in Chinese and in English. In the event
4、of any discrepancybetween the two above-mentioned versions, the Chinese version shall prevail.2 Company Profile2.1 Major accounting data and financial indexes,By the end of thereport period,By the end of lastyear,Increase/decrease overthe end of last year(%),Total assetsOwners equity attributablesha
5、reholders of listed companiesShare capitalNet assets per share attributable toshareholders of listed companiesTotal operating incomeNet profit attributableshareholders of listed companiesNet cash generated from operatingactivitiesNet cash per share generated fromoperating activitiesBasic earnings pe
6、r shareDiluted earnings per shareReturn on equityROE after deducting non-recurringgains/losses,2,963,417,185.481,714,830,736.58350,014,975.004.90Report period416,590,690.2118,510,879.01-101,030,858.72-0.290.050.051.07%1.06%,3,053,660,921.271,748,822,103.82350,014,975.005.00From beginning ofyear to t
7、he end ofreport period391,702,895.5514,537,035.7432,412,671.070.090.040.040.84%0.82%,-2.96%-1.94%0.00%-2.00%Increase/decrease overthe same period of lastyear(%)6.35%27.34%-411.70%-422.22%25.00%25.00%Increase 0.23 percentage pointsIncrease 0.24 percentage points,1,A,B,A,A,B,A,A,A,A,A,Item of non-recu
8、rring gains and lossesNon-operating income and expense, netIncome tax effectMinority shareholders gains and lossesTotal,Amount from beginning of year to the end ofreport period310,891.33-49,720.66-115,679.44145,491.23,2.2 Total number and particulars of the shareholders by the end of the report peri
9、od,Total shareholders at the end of report period,37,432,Particulars about shares held by the top ten negotiable shareholders not subject to conditional sales,Name of shareholderDalian Bingshan Group Co., Ltd.SANYO ELECTRIC CO., LTD.Lion Value Growth Stock FundLion Growth Stock FundDREYFUS GREATER C
10、HINA FDXinhua Life Insurance Co., Ltd. Dividend - IndividualDividend - 018L-FH002 szEverbright Securities Co., Ltd.SYWG MU New Power Stock FundPing An Trust Co., Ltd. - Springs CapitalDalian Industrial Development Investment Corp.,EOY (shares)57,641,76235,001,50011,638,61410,909,3489,691,5052,555,35
11、92,508,2612,500,0001,736,6291,622,250,Type,3 Important Matters3.1 Major changes in main financial items and indexes, and description of the cause Applicable Inapplicable1. The notes receivable were remarkably less than that at the beginning of the year mainly due toincrease of the sales incomes with
12、 increase of the amount of purchase and payment.2. The amount of advances was remarkably more than that at the beginning of the year mainly dueto the advances for purchase of the equipment and for the project.3. The wages & welfarism payable to employees was remarkably less than that at the beginnin
13、g ofyear mainly due to payment of the provision for wages & welfarism payable to employees allottedat the end of the previous period in this period.4. The dividend payable was remarkably more than that at the beginning of the year mainly due tothe Company drew dividend payable according to the resol
14、utions of 2011 shareholders generalmeeting.5. The business tax and surcharge remarkably increased mainly due to increase of the VATpayment.6. The financial expenses remarkably decreased mainly due to decrease of the loans with lessinterest expenditure.7. The assets impairment loss remarkably increas
15、ed mainly due to increase of the receivable2,accounts of the subsidiary companies and increase of the provision for bad debits.8. The returns on investment remarkably increased mainly due to increase of the profit made bythe joint-ventures and partnerships.9. The net amount of cash flow generated in
16、 operating activities remarkably decreased mainly dueto decrease of orders with less advances.3.2 Analytic description of the progress of major matters, their influence and solutions3.2.1 Nonstandard opinions Applicable Inapplicable3.2.2 The Companys financing for its holding shareholders or associa
17、ted parties or illegallyproviding external guarantee Applicable Inapplicable3.2.3 Execution and performance of major contracts in daily operation Applicable Inapplicable3.2.4 Others Applicable Inapplicable3.3 Undertaking matters for trial sales of state shares and implementation Applicable Inapplica
18、bleExcept the immature condition of being implementation for management share incentive scheme,Dalian Bingshan Group strictly perform the commitment in share reform.3.4 Precautions on forecasting that by the beginning of year till the end of the next report period,the accumulated net profit may be t
19、urned into loss or change greatly compared with that in thesame period of the last year, and description of the cause Applicable Inapplicable3.5 Other important events3.5.1 Securities investmentApplicable Inapplicable3.5.2 Table of investigation, communication, interview received,Reception timeJan.
20、8, 2012Feb. 6, 2012,ReceptionlocationCompanysofficeCompanysoffice,ReceptionformBy telephoneBy telephone,Type ofreceivedpersonsInstitutionInstitution,Received personsE Funds researchersChina Golds and Taikang Assetsresearchers,Topic indiscussion andprovidedinformation,Lion Funds, Sinolink Securities,
21、Information,Mar. 8, 2012,Companysoffice,By telephone,Institution,CITIC Securities, CITIC ChinaSecuritiesand Taikang Assets,about thefundamentals of,researchers,the Company,Mar. 13, 2012Mar. 14, 2012,CompanysofficeCompanysoffice,By telephoneBy telephone,InstitutionInstitution,Wanjia Assets and Northe
22、astSecurities researchersHua An Funds and China Goldsresearchers,3,1,2,3,4,5,6,3.6 Derivative financial products investmentApplicable Inapplicable3.7 Work plan for construction of the internal control for 2012,Work taskDefine the range of implementing the internalcontrol in 2012, i. e. the subsidiar
23、ies and itsmajor business processes which were notincluded in the range of internal control in 2011,identify any risks and prepare the list of risks.Compare the existing system of the relatedsubsidiary with the list of risks and find the,Plan completionschedule2012.6.302012.8.31,ResponsiblepersonThe
24、 Companysinternal controlleading group and,defects of internal control.Prepare the internal control improvement plan.Put the internal control improvement intopractice.Check the improvement result.,2012.8.312012.10.312012.12.31,its office,Disclose the information on performance of theinternal control
25、 as required.,2013.4.30,The Companysboard of directors,4 Financial Report (attached)Not audited.Board of Directors of Dalian Refrigeration Co., Ltd.April 23, 20124,BALANCE SHEET,Prepared by Dalian Refrigeration Co., Ltd.,March 31, 2012,Unit: RMB,March 31, 2012,Dec.31, 2011,Assets,Consolidation,Paren
26、t Company,Consolidation,Parent Company,Current assets:,Monetary funds,571,180,956.60,508,462,435.83,690,377,489.30,594,857,597.61,Transaction finance asset,Notes receivableAccounts receivableAccounts in advanceDividend receivableOther receivablesInventories,18,280,859.78414,788,788.9187,568,631.2715
27、,649,905.74383,799,122.33,10,116,056.76233,873,266.4743,812,021.586,482,270.27161,115,868.06,61,349,222.44352,272,297.8045,740,166.6127,875.0015,337,832.91424,394,356.21,51,237,973.23185,606,613.3616,322,595.522,550,000.005,484,699.04203,119,832.06,Non-current asset due withinone yearOther current a
28、ssets,Total current assets,1,491,268,264.63,963,861,918.97,1,589,499,240.27,1,059,179,310.82,Non-current assets:Finance asset held availablefor sales,Long-term equity investment,907,962,226.00,1,037,539,454.92,897,199,251.97,1,026,776,480.89,Investment property,Fixed assetsConstruction in progress,3
29、39,236,511.3638,300,094.42,170,046,543.6228,030,959.18,345,637,807.1934,202,656.33,174,783,093.8626,480,045.35,Engineering materialDisposal of fixed asset,Intangible assets,167,728,875.96,99,473,585.73,168,752,848.07,100,108,883.04,Expense on Research andDevelopmentGoodwill,Long-term expenses to bea
30、pportionedDeferred income tax asset,3,085,377.3615,835,835.75,2,701,163.669,879,538.78,3,119,996.9415,249,120.50,2,731,400.579,879,538.78,Other non-current asset,Total non-current assetTotal assets,1,472,148,920.852,963,417,185.48,1,347,671,245.892,311,533,164.86,1,464,161,681.003,053,660,921.27,1,3
31、40,759,442.492,399,938,753.31,5,BALANCE SHEET (CONTINUED),Liabilities and shareholders equityCurrent liabilities:Short-term loansTransaction financial liabilities,March 31, 2012Consolidation Parent Company13,000,000.00,Dec.31, 2011Consolidation Parent Company13,000,000.00,Notes payableAccounts payab
32、leAccounts received in advanceWage payableTaxes payableDividend payableOther accounts payable,111,216,381.00498,334,836.41297,375,440.8625,401,194.8621,102,911.8253,035,402.2542,323,305.31,81,628,098.00324,843,827.30128,631,809.941,278,858.3717,286,246.7153,035,402.2535,717,317.27,140,955,686.44484,
33、167,682.03357,134,809.6053,629,466.3119,008,551.293,783,156.0049,336,938.85,114,926,347.95319,035,202.48176,699,547.1122,616,177.8114,406,741.42533,156.0048,687,496.38,Non-current liabilities due withinone year,Other current liabilitiesTotal current liabilities,1,699,101.001,063,488,573.51,585,101.0
34、0643,006,660.84,1,699,101.001,122,715,391.52,585,101.00697,489,770.15,Non-current liabilities:Long-term loansProjected liabilitiesDeferred income tax liabilities,Other non-current liabilitiesTotal non-current liabilitiesTotal liabilities,86,174,753.7586,174,753.751,149,663,327.26,37,437,252.7537,437
35、,252.75680,443,913.59,84,713,255.7584,713,255.751,207,428,647.27,35,697,252.7535,697,252.75733,187,022.90,Shareholders equity,Share capitalCapital public reserve,350,014,975.00586,837,221.82,350,014,975.00585,608,294.20,350,014,975.00586,837,221.82,350,014,975.00585,608,294.20,Less: Inventory shares
36、,Surplus public reserveRetained profitTotal owners equity attributable toparent companyMinority interestsTotal owners equityTotal liabilities and shareholders equity,458,998,713.57318,979,826.191,714,830,736.5898,923,121.641,813,753,858.222,963,417,185.48,458,998,713.57236,467,268.501,631,089,251.27
37、1,631,089,251.272,311,533,164.86,445,492,052.28366,477,854.721,748,822,103.8297,410,170.181,846,232,274.003,053,660,921.27,445,492,052.28285,636,408.931,666,751,730.411,666,751,730.412,399,938,753.31,Legal representative: Zhang He,Person in charge of accounting organ: Xu Junrao,Principal of accounti
38、ng organ: Xu Junrao6,Items,to,INCOME STATEMENT,Prepared by Dalian Refrigeration Co., Ltd.,January-March, 2012,Unit: RMB,January-March, 2012Consolidation Parent Company,January-March, 2011Consolidation Parent Company,I. Total salesIncluding: Operating incomeII. Total operating costIncluding: Operatin
39、g costTaxes and associate chargesSelling and distribution expensesAdministrative expensesFinancial expenseImpairment loss,416,590,690.21416,590,690.21405,594,161.26340,008,362.482,667,562.0818,210,903.4941,332,443.10-209,198.063,584,088.17,270,964,645.51270,964,645.51263,124,581.67231,160,863.832,10
40、4,896.336,621,646.8523,695,151.06-457,976.40,391,702,895.55391,702,895.55379,683,003.86317,853,432.181,564,240.0917,670,553.2640,362,445.90707,074.841,525,257.59,253,198,029.96253,198,029.96245,646,902.70215,509,662.82770,149.206,299,060.7222,462,171.32605,858.64,Add: gain from change in fair value,
41、Gain/(loss) from investment,10,762,974.03,10,762,974.03,7,042,544.80,7,042,544.80,Including: income form investment on,affiliated,enterprise,and,jointly,10,762,974.03,10,762,974.03,7,042,544.80,7,042,544.80,enterpriseForeign exchange difference,III. Operating profitAdd: non-business incomeLess: non-
42、business expenseIncluding: loss from non-current assetdisposalIV. Total profitLess: Income taxV. Net profit,21,759,502.98581,182.4043,491.8512,798.5522,297,193.532,273,363.0620,023,830.47,18,603,037.87262,648.20321.27321.2718,865,364.802,025,597.6916,839,767.11,19,062,436.491,045,415.1329,173.012,35
43、9.0020,078,678.613,052,991.0217,025,687.59,14,593,672.06108.414,036.5614,589,743.911,886,846.7812,702,897.13,Net profitcompany,attributable,parent,18,510,879.01,16,839,767.11,14,537,035.74,12,702,897.13,Minority shareholders gains and lossesVI. Earnings per share(I) basic earnings per share(II) dilu
44、ted earnings per share,1,512,951.460.050.05,2,488,651.850.040.04,. Other comprehensive income,0.00,778,500.00,778,500.00,. Total comprehensive income,20,023,830.47,16,839,767.11,17,804,187.59,13,481,397.13,Total comprehensiveattributable to parent company,income,18,510,879.01,16,839,767.11,15,315,53
45、5.74,13,481,397.13,Total comprehensive incomeattributable to minority shareholders,1,512,951.46,2,488,651.85,Legal representative: Zhang He,Person in charge of accounting organ: Xu Junrao,Principal of accounting organ: Xu Junrao7,CASH FLOW STATEMENT,Prepared by Dalian Refrigeration Co., Ltd.,January
46、-March, 2012January-March, 2012,Unit: RMBJanuary-March, 2011,Items,Consolidation,Parent Company,Consolidation,Parent Company,I. Cash flows arising from operating activities:,Cash received from selling commodities andproviding labor services,300,997,253.96,170,783,982.00,408,869,620.25,255,280,986.92
47、,Write-back of tax received,Other cash received concerning operatingactivitiesSubtotal of cash inflow arising fromoperating activitiesCash paid for purchasing commodities andreceiving labor serviceCash paid to/for staff and workersTaxes paidOther cash paid concerning operating activitiesSubtotal of cash outflow arising fromoperating activitiesNet cash flows arising from operatingactivities,
