Bingshan Refrigeration & Heat Transfer
Technologies Co., Ltd.QUARTERLY REPORT FOR FIRST QUARTER,
2021
April, 2021
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 comparedwith previous yearOperating revenue
491,609,773.09
463,218,112.74
6.13%
Net profit attributable to shareholders of
listed companies
-28,904,736.89
Net profit attributable to shareholders of
-58,673,476.79
50.74%
Net profit belonging to the
shareholders of
shareholders oflisted companies after the deduction of
non-recurring profit and loss
-16,049,142.03
listed companies after the deduction of
-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 beginningTotal 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
attributable to shareholders of
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-currentfinancial assets, or gains from fair value change of othernon-current financial assets
-16,653,910.32
Other operating revenue or expense1,579,351.60
Income tax effect-2,179,769.97
Minority shareholders’ gains and losses253,280.63
Total-12,855,594.86
2.2 Total number and particulars of the shareholders by the end of the report periodTotal number of shareholders in the reporting period 45,887
Shareholding of top ten shareholdersName Nature Proportion
Total number
shareswith salerestriction
Number of
Number of
pledgedshares or
sharesfrozenDalian Bingshan Group Co., Ltd.
Domestic non-state-ownedlegal person
20.27%
170,916,934
Sanyo Electric Co., Ltd. Overseas legal person 8.72%
73,503,150
Lin Zhenming Foreign natural person 0.80%
6,740,000
Wu An Domestic natural person 0.53%
4,500,000
Zhang Hui Domestic natural person 0.52%
4,388,975
Zhang Sufen Domestic natural person 0.48%
4,100,000
Sun Huiming Domestic natural person 0.43%
3,620,979
Xue Hong Domestic natural person 0.42%
3,570,000
Kong Guiyan Domestic natural person 0.42%
3,554,754
Dalian industrial development investment Co.,Ltd.
Domestic non-state-
legal person
0.40%
owned
3,406,725
Shareholding of top ten shareholders without sale restrictionName
Number of shares without sale
restriction
Type of sharesDalian Bingshan Group Co., Ltd. 170,916,934
RMB denominated ordinary shares
Sanyo Electric Co., Ltd. 73,503,150
Domestically listed foreign sharesLin Zhenming 6,740,000
Domestically listed foreign sharesWu An 4,500,000
Domestically listed foreign sharesZhang 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 sharesXue Hong 3,570,000
Domestically listed foreign sharesKong 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.
| Dalian Bingshan Group Co., Ltd. had the association relationship with | |
| 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
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.
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
Type ofsecurities
StockCode
Short
theStock
Form of
Initial cost of
investment
AccountingMeasurement
Model
Begin Book
value
Fair ValueChange Gainsand Losses in
the Current
Period
Accumu
latedFairValueChangeInclude
d inEquity
Curre
ntPurchase
Current Sale
Gains andlosses duringthe reporting
period
Final Book value
Account
ingsubjects
Source
| Source |
| of funds |
Stock 601211
GuotaiJunan
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
Othernon-curr
ent
| financial | |||
assets
Ownfund
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
-- --
§4 Financial Report (attached)Not audited.
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd..
April 24, 2021
BALANCE SHEET
Prepared by Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. March 31, 2021 Unit: RMB Yuan
Items
31-Mar-2021 31-Dec-2020Consolidation Parent Company
Consolidation Parent Company
Current assets:
Monetary funds
| 401,044,513.70 | 261,305,621.61 |
| 373,445,731.67 | 208,325,740.71 |
Transaction financial assets
Financial assets which are measured by fair value andwhich changes are recorded in current profit and loss
Derivative financial assets
Notes receivable
| 128,707,637.20 | 60,765,850.04 |
| 139,121,037.78 | 42,858,563.72 |
Accounts receivable
| 863,745,293.92 | 391,911,142.47 |
| 817,011,955.75 | 408,625,925.91 |
Receivables financing
| 80,507,734.57 | 10,664,377.09 | 61,737,282.56 |
Accounts in advance
5,752,810.30204,002,671.24
| 204,002,671.24 | 69,364,442.73 |
| 154,481,509.35 | 62,620,914.33 |
Other receivables
| 38,640,100.04 | 9,054,590.75 |
| 67,527,176.86 | 41,183,397.14 |
Interest receivables
| 321,988.49 | 321,988.49 |
| 46,879.68 | 46,879.68 |
Dividend receivable
| 25,923.75 |
| 25,923.75 |
Inventories
| 792,750,387.93 | 274,456,276.18 |
| 731,658,797.98 | 255,635,206.96 |
Contract assets
| 83,407,671.84 | 37,238,332.18 |
| 91,430,011.60 | 38,366,253.50 |
Assets held for sale
Non-current asset due within one year 42,315,
| 866.24 | 19,488,435.75 |
| 42,003,576.60 | 19,488,435.75 |
Other current assets 1
| 9,407,344.18 | 1,260,508.41 |
| 23,214,091.44 | 27,637.13 |
Total current assets
| 2,654,529,220.86 | 1,135,509,577.21 |
| 2,501,631,171.59 | 1,082,884,885.45 |
Non-current assets:
Finance asset held available for sales
Held-to-maturity investment
Long-term account receivable
| 65,842,873.64 | 45,964,783.15 |
| 65,867,973.25 | 45,964,783.15 |
Long-term equity investment
2,287,8
| 1,604,169,334.74 | 81,997.71 | 1,597,241,363.62 | 2,280,377,981.04 |
Other non-current financial assets
| 222,650,188.51 | 221,235,046.01 |
| 239,304,098.83 | 237,888,956.33 |
Investment property
| 125,015,274.56 | 99,546,575.61 |
| 126,288,477.92 | 100,762,366.02 |
Fixed assets
853,606,901.24
| 709,753,931.04 |
| 891,147,058.82 | 721,701,015.39 |
Construction in progress
| 33,921,264.98 | 8,817,853.13 |
| 34,254,599.42 | 9,160,965.22 |
Right-of-use asset
22,836,784.65
Productive biological asset
Oil and gas asset
Intangible assets
| 145,540,687.31 | 76,218,720.92 | 145,442,721.24 |
Expense on Research and Development
76,619,078.55
Goodwill
-
| 1,750,799.49 |
-
| 1,750,799.49 |
Long-term expenses to be apportioned
| 9,267,574.61 | 7,886,026.14 |
| 9,660,538.07 | 8,259,220.68 |
Deferred income tax asset
| 69,164,862.89 | 13,890,619.39 |
| 68,979,526.11 | 13,940,130.98 |
Other non-current asset
Total non-current asset 3,153,766,546.62
| 3,471,195,553.10 | 3,179,937,156.77 | 3,494,674,497.36 |
Total assets
| 5,808,295,767.48 | 4,606,705,130.31 | 5,681,568,328.36 |
Current liabilities:
4,577,559,382.81
Short-term loans
| 277,471,600.00 | 265,011,600.00 |
276,01
| 282,971,600.00 | 1,600.00 |
Financial liabilities which are measured by fair valueand which changes are recorded in current profit and
lossDerivative financial liabilities
Transaction financial liabilities
Notes payable
| 300,313,580.50 | 207,469,985.96 |
| 295,151,372.38 | 202,747,834.50 |
Accounts payable
| 825,621,029.01 | 323,407,586.23 |
| 767,267,232.43 | 254,630,956.73 |
Accounts received in advance
Contract liability
| 434,290,421.60 | 75,977,220.76 |
| 295,100,657.10 | 67,468,174.27 |
Wage payable
| 7,600,893.68 | 1,180,039.25 | 31,125,808.94 |
Taxes payable
11,187,502.659,964,599.41
| 9,964,599.41 | 5,916,590.79 |
| 9,714,194.25 | 4,244,948.37 |
Other accounts payable
| 42,847,008.57 | 8,750,284.74 | 43,017,466.38 |
Interest payable
17,179,194.67534,524.58
| 534,524.58 | 506,666.89 |
| 1,839,166.81 | 1,839,166.81 |
Dividend payable
| 533,156.00 | 533,156.00 |
| 533,156.00 | 533,156.00 |
Liabilities held for sale
Non-current liabilities due within one year
| 42,798,019.69 | 5,000,034.00 |
| 37,157,126.41 | 25,000,034.00 |
Other current liabilities
| 145,868,671.40 | 60,654,208.54 | 152,173,946.30 |
Total current liabilities
50,815,558.182,086,775,823.86
| 2,086,775,823.86 | 973,367,550.27 | 1,913,679,404.19 |
Non-current liabilities:
909,285,803.37
Long-term loans
| 150,000,000.00 | 150,000,000.00 |
| 160,000,000.00 | 160,000,000.00 |
Bonds payable
Preferred stock
Perpetual bond
Lease liability 13,813,161.87
Long-term account payable
-
14,622,4
-
| 63.75 |
Long-term wage payable
Special payable
Anticipation liabilities
| 7,592,239.01 |
7,592,239.01
Deferred income
| 102,838,577.85 | 62,788,076.85 | 104,457,568.86 |
Deferred income tax liabilities 29,512
64,121,068.86,278.29
| ,278.29 | 29,512,278.29 |
| 32,010,364.83 | 32,010,364.83 |
Other non-current liabilities
Total non-current liabilities
| 303,756,257.02 | 242,300,355.14 |
| 318,682,636.45 | 256,131,433.69 |
Total liabilities
1,215,667,905.41
| 2,390,532,080.88 | 2,232,362,040.64 |
Shareholders’ equity
1,165,417,237.06
Share capital
| 843,212,507.00 | 843,212,507.00 |
| 843,212,507.00 | 843,212,507.00 |
Other equity instruments
Preferred stock
Perpetual bond
Capital public reserve 726,76
| 8,468.00 | 771,270,562.83 |
| 726,768,468.00 | 771,270,562.83 |
Less:Treasury stock
Other comprehensive income
| 2,501,459.77 | 1,539,359.10 |
| 2,501,459.77 | 1,539,359.10 |
Special preparation
Surplus public reserve
| 805,525,775.33 | 805,525,775.33 |
| 805,525,775.33 | 805,525,775.33 |
Generic risk reserve
Retained profit
| 968,696,841.08 | 969,489,020.64 |
| 997,601,577.97 | 990,593,941.49 |
Total owner’s equity attributable to parent company
| 3,346,705,051.18 | 3,391,037,224.90 |
3,375,609,78
| 8.07 | 3,412,142,145.75 |
Minority interests
-
| 71,058,635.42 |
-
| 73,596,499.65 |
Total owner’s equity
| 3,417,763,686.60 | 3,391,037,224.90 | 3,449,206,287.72 | 3,412,142,145.75 |
Total liabilities and shareholder’s equity
5,808
| ,295,767.48 | 4,606,705,130.31 |
| 5,681,568,328.36 | 4,577,559,382.81 |
INCOME STATEMENTPrepared by Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. January-March,2021 Unit: RMB Yuan
Items
January-March, 2021 January-March, 2020Consolidation Parent Company
Consolidation Parent Company
I. Total sales
| 491,609,773.09 | 207,068,046.50 |
| 463,218,112.74 | 217,808,613.09 |
II. Total operating cost
| 516,884,426.17 | 221,810,715.80 |
| 485,575,464.17 | 226,346,383.90 |
Including: Operating cost
| 436,518,281.93 | 183,709,910.61 |
| 414,328,988.51 | 196,082,951.13 |
Taxes and associate charges
| 4,447,799.12 | 3,080,853.02 |
| 4,038,552.44 | 2,331,118.74 |
Selling and distribution expenses 24,476
| ,670.80 | 9,934,114.53 |
| 16,095,155.55 | 4,224,366.98 |
Administrative expenses
| 33,940,534.49 | 15,100,337.50 |
| 35,455,415.17 | 12,585,339.27 |
R&D expenses
| 14,447,195.16 | 7,004,699.31 |
| 11,662,148.49 | 7,332,035.22 |
Financial expense
| 3,053,944.68 | 2,980,800.84 |
| 3,995,204.01 | 3,790,572.56 |
Including: interest expense
| 4,333,295.72 | 3,417,512.19 |
| 4,750,606.24 | 3,778,395.12 |
interest income
| 785,952.58 | 34,141.25 |
| 448,047.40 | 284,041.47 |
Add: Other income
-
| 293,055.99 |
-
| 285,999.00 |
Gain/(loss) from investment
| 6,927,971.12 | 7,504,016.67 |
-
-
| 3,197,862.88 | 2,976,730.68 |
Including: income from investment on affiliatedenterprise and jointly enterprise
| 6,927,971.12 | 7,504,016.67 |
-
-
| 3,197,862.88 | 2,976,730.68 |
Gain/(loss) from change in fair value -
-
| 16,653,910.32 | 16,653,910.32 |
-
-
| 34,719,117.68 | 34,719,117.68 |
Credit impairment loss (loss as “-“)
| 288,504.20 | 6,808.26 |
-
-
| 4,769,827.90 | 1,497,367.18 |
Assets impairment loss (loss as “-“)
-
| 337,530.96 | 333,269.01 |
-
-
Gain/(loss) from asset disposal
-
-399
| 581.47 | .28 |
-
-
III. Operating profit -
-
| 34,757,144.52 | 23,552,884.96 |
-
-
| 64,758,160.89 | 47,730,986.35 |
Add: non-business income
| 1,713,891.63 | 48.54 |
-
| 33,981.40 |
Less: non-business expense
659.38
| 134,540.03 |
-
| 6,217.62 |
IV. Total profit
-
-
| 33,177,792.93 | 23,553,495.80 |
-
-
| 64,730,397.11 | 47,730,986.35 |
Less: Income tax
-
-
| 1,735,191.80 | 2,448,574.95 |
-
-
| 4,689,773.68 | 5,432,472.71 |
V. Net profit -
-21,10
| 31,442,601.12 | 4,920.85 |
-
-
| 60,040,623.43 | 42,298,513.64 |
(I) Net profit from continuous operation
-
-
| 31,442,601.12 | 21,104,920.85 |
-
-
| 60,040,623.43 | 42,298,513.64 |
(II)Net profit from discontinuing operation
Net profit attributable to parent company
-
-
| 28,904,736.89 | 21,104,920.85 |
-
-
| 58,673,476.79 | 42,298,513.64 |
Minority shareholders’gains and losses
-
-
| 2,537,864.23 |
-
-
| 1,367,146.64 |
VI. After-tax net amount of other comprehensiveincomes
After-tax net amount of other comprehensiveincomes attributable to owners of the Company
(I) Other comprehensive incomes that will not bereclassified into gains and losses
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 intogains and losses under the equity method
(II) Other comprehensive incomes that will bereclassified into gains and losses
1. Enjoyable shares in other comprehensive
incomes in invests that will be reclassified into gainsand losses under the equity method
2.
Changes in the fair value of other debtinvestments
3. Gains and losses on fair value changes of
available-for-sale financial assets
4. The amount of financial assets reclassified
into other comprehensive income
5. Held-to-maturity investments are reclassified
as saleable financial asset gains and losses
6.Others
After-tax net amount of other comprehensiveincomes attributable to minority shareholders
VII Total comprehensive income -
-
| 31,442,601.12 | 21,104,920.85 |
-
-
| 60,040,623.43 | 42,298,513.64 |
| Total comprehensive income attributable to | parent |
company
-
-
| 28,904,736.89 | 21,104,920.85 |
-
-
| 58,673,476.79 | 42,298,513.64 |
| Total comprehensive income attributable to |
minority shareholders
-
-
| 2,537,864.23 |
-
-
| 1,367,146.64 |
VIII. Earnings per share
(I) basic earnings per share -
-
| 0.034 |
-
-
| 0.070 |
(II) diluted earnings per share -
-
| 0.034 |
-
-
| 0.070 |
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Wang Jinxiu
CASH FLOW STATEMENT
Prepared by Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. January-March,2021 Unit: RMB Yuan
Items
January-March, 2021 January-March, 2020Consolidation Parent Company
Consolidation Parent Company
I. Cash flows arising from operating activities:
| Cash received from selling commodities and providing labor |
services
| 443,778,928.68 | 216,681,750.84 | 257,472,529.16 |
125,683,
Write-back of tax received
620.91
5,865,413.95
-
| 5,865,413.95 | 7,307,826.92 |
Other cash received concerning operating activities
5,313,787.6416,836,637.09
| 16,836,637.09 | 3,422,644.44 |
| 20,384,332.77 | 12,349,840.37 |
Subtotal of cash inflow arising from operating activities
| 466,480,979.72 | 220,104,395.28 |
| 285,164,688.85 | 143,347,248.92 |
| Cash paid for purchasing commodities and receiving labor |
service
| 287,732,394.01 | 118,663,130.48 | 242,147,949.65 | 141,669,537.38 |
Cash paid to/for staff and workers
| 107,685,576.50 | 33,014,930.96 | 86,707,677.37 |
Taxes paid
28,940,034.2518,796,664.89
| 18,796,664.89 | 11,280,347.35 | 13,355,622.64 | 6,304,759.03 |
Other cash paid concerning operating activities
| 34,731,277.43 | 13,405,854.15 |
| 24,297,485.79 | 6,731,739.07 |
Subtotal of cash outflow arising from operating activities
| 448,945,912.83 | 176,364,262.94 |
| 366,508,735.45 | 183,646,069.73 |
Net cash flows arising from operating activities
| 17,535,066.89 | 43,740,132.34 |
-
-40,298,820.81
| 81,344,046.60 |
II. Cash flows arising from investing activities:
Cash received from recovering investment -
-
Cash received from investment income
-
| 33,450.00 |
| Net cash received from disposal of fixed, | intangible and other |
long-term assets
| 5,000.00 | 5,000.00 |
-
-
| Net cash received from disposal of subsidiaries and other |
units
| 36,263,700.00 | 36,263,700.00 |
-
-
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities
| 36,268,700.00 | 36,268,700.00 |
-
| 33,450.00 |
| Cash paid for purchasing fixed, intangible and other |
long-term assets
| 1,642,241.62 | 1,278,562.43 |
2,463,21
| 8.90 | 2,059,890.98 |
Cash paid for investment
| Net cash | paid for achievement | of subsidiaries and other |
business units
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities
| 1,642,241.62 | 1,278,562.43 |
| 2,463,218.90 | 2,059,890.98 |
Net cash flows arising from investing activities
| 34,626,458.38 | 34,990,137.57 |
-
-
| 2,429,768.90 | 2,059,890.98 |
III. Cash flows arising from financing activities
Cash received from absorbing investment
| Including: Cash received from absorbing minority |
shareholders' equity investment by subsidiaries
Cash received from loans
| 136,330,000.00 | 127,000,000.00 |
| 151,880,000.00 | 147,000,000.00 |
Cash received from issuing bonds
Other cash received concerning financing activities
| 78,196,961.15 | 23,123,472.43 | 30,591,791.66 |
Subtotal of cash inflow from financing activities
743,155.00214,526,961.15
| 214,526,961.15 | 150,123,472.43 | 182,471,791.66 |
Cash paid for settling debts
147,743,155.00154,668,693.39
| 154,668,693.39 | 148,000,000.00 | 135,080,832.44 | 130,000,000.00 |
| Cash paid for dividend and profit distributing or interest |
paying
| 5,404,836.44 | 4,750,012.11 |
| 7,527,840.11 | 6,747,169.98 |
| Includin | g: dividends or profit paid by | subsidiaries to minority |
shareholders
Other cash paid concerning financing activities
| 59,364,339.93 | 22,103,989.52 |
| 6,904,480.50 | 2,195,748.00 |
Subtotal of cash outflow from financing activities 219,437,8
| 69.76 | 174,854,001.63 |
| 149,513,153.05 | 138,942,917.98 |
Net cash flows arising from financing activities -
-
| 4,910,908.61 | 24,730,529.20 |
| 32,958,638.61 | 8,800,237.02 |
IV. Influence on cash due to fluctuation in exchange rate
-
| 232,247.23 | 376.90 |
| 137,331.79 | 168.88 |
V. Net increase of cash and cash equivalents
| 47,482,863.89 | 53,999,363.81 |
-
-
| 50,677,845.10 | 33,558,305.89 |
Add: Balance of cash and cash equivalents at the period -begin
| 314,978,460.49 |
185,202,26
| 8.28 | 301,527,354.56 |
VI. Balance of cash and cash equivalents at the period–end
174,843,096.46362,461,324.38
| 362,461,324.38 | 239,201,632.09 | 250,849,509.46 | 141,284,790.57 |
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Wang Jinxiu