| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
Stock code:301035 Stock abbreviation: Rainbow Agro Announcement No.: 2022-052
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
The Third Quarter Report of 2022
The Company and all members of the Board of Directors warrant that the contents of theSemi-annual Report are true, accurate and complete, without false records, misleadingstatements or major omissions.
Important notes:
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior managementwarrant that the contents of the Quarterly Report are true, accurate and complete, without falserecords, misleading statements or major omissions, and shall bear individual and collective legalliabilities.
2. The legal representative of the Company,the chief accountant in charge, and the chief of theaccounting institution (accounting supervisor), stated that the financial report in the QuarterlyReport is true, accurate and complete.
3. Whether the Third Quarter Report is audited
□ Yes ?No
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
I. Key Financial Data(I) Key Accounting Data and Financial Indicators
Whether the Company needs to retroactively adjust or restate the accounting data of previous years
□ Yes ?No
| Q3 2022 | Year-on-year increase or decrease | From the start of 2022 to the end of Q3 2022 | Year-on-year increase or decrease | |
| Operating income (RMB) | 4,137,087,681.52 | 50.75% | 11,915,662,694.56 | 76.31% |
| Net profit attributable to shareholders of the Company (RMB) | 418,239,540.16 | 138.62% | 1,305,889,184.58 | 190.17% |
| Net profit attributable to shareholders of the Company excluding non-recurring gains and losses (RMB) | 419,545,222.57 | 136.58% | 1,312,684,739.39 | 195.91% |
| Net cash flow from operating activities (RMB) | -- | -- | 2,115,819,098.24 | 601.80% |
| Basic earnings per share (RMB/Share) | 1.51 | 118.84% | 4.73 | 134.16% |
| Diluted earnings per share (RMB/Share) | 1.52 | 120.29% | 4.75 | 135.15% |
| Weighted average return on net assets | 7.19% | 2.93% | 23.93% | 10.46% |
| End of Q3 2022 | End of 2021 | Increase or decrease of the current reporting period compared with the end of the last year | ||
| Total assets (RMB) | 13,809,941,168.30 | 10,311,655,543.89 | 33.93% | |
| Equity attributable to shareholders of the Company (RMB) | 6,032,937,128.56 | 4,908,724,302.71 | 22.90% | |
(II) Items and Amounts of Non-recurring Gains and Losses? Applicable □ Not applicable
Unit: RMB
| Item | Amount of Q3 2022 | From the start of 2022 to the end of Q3 2022 | Notes |
| Gain and loss on disposal of non-current assets (including the write-off portion of asset impairment provision) | -6,201,328.30 | -21,939,780.20 | |
| Government subsidies included in current gains and losses (closely related to normal operational business of the Company, excluding the continuous government subsidies of certain amount or quota complying with national policies) | 2,175,550.64 | 9,852,312.17 | |
| Other non-operating revenue | 2,799,749.64 | 4,168,200.78 |
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
and expenditure other thanthose mentioned above
| and expenditure other than those mentioned above | |||
| Less: affected amount of income tax | 104,720.89 | -1,116,414.65 | |
| Affected amount of minority shareholders' equity (after tax) | -25,066.50 | -7,297.79 | |
| Total | -1,305,682.41 | -6,795,554.81 | -- |
Other gains and losses items that meet the definition of non-recurring gains and loss:
□ Applicable ?Not applicable
There are no other gains and losses items of the Company that meet the definition of non-recurring gains and loss.Reasons for the non-recurring profit and loss items listed in Explanatory Announcement on Information Disclosure for CompaniesOffering Their Securities to the Public No.1 - Non-recurring Gains and Losses recognized as recurring gains and losses items
□ Applicable ?Not applicable
There is no circumstance where the non-recurring profit and loss items listed in Explanatory Announcement on InformationDisclosure for Companies Offering Their Securities to the Public No.1 - Non-recurring Gains and Losses are recognized as recurringgains and losses items.
(III) Changes to Key Accounting Data and Financial Indicators and Reasons? Applicable □ Not applicable
1. Balance Sheet
Unit: RMB
| Item | Friday, September 30, 2022 | Saturday, January 1, 2022 | Change | Reason for change |
| Monetary funds | 5,475,298,834.68 | 3,724,744,059.71 | 47.00% | Mainly caused by increase in collected payments during the reporting period |
| Financial assets held for trading | 6,000,000.00 | 200,000,000.00 | -97.00% | Mainly caused by repurchase of financial products during the reporting period |
| Notes receivable | 58,147,122.76 | 35,385,609.76 | 64.32% | Mainly caused by increase of notes endorsed and not due during the reporting period |
| Accounts receivable | 3,823,556,208.16 | 2,328,358,879.35 | 64.22% | Mainly caused by increase in accounts receivable due to revenue growth during the reporting period |
| Pre-payments | 118,737,234.62 | 77,313,374.04 | 53.58% | Mainly caused by prepayments for materials during the reporting period |
| Other receivables | 27,862,788.27 | 11,576,269.72 | 140.69% | Mainly caused by increase in advanced borrowing for covering domestic and overseas travel expenses during the reporting period |
| Other current assets | 352,479,320.96 | 264,431,341.13 | 33.30% | Mainly caused by increase in VAT to be deducted and taxes to be paid in advance during the reporting period |
| Fixed assets | 1,611,461,003.66 | 1,218,635,770.03 | 32.23% | Mainly caused by transfer in completion projects of construction in progress during the reporting period |
| Goodwill | 49,941,550.10 | 26,949,350.10 | 85.32% | Mainly caused by acquisition of new businesses during the reporting period |
| Long-term deferred expenses | 2,927,013.76 | 1,972,932.08 | 48.36% | Mainly caused by increase in renovation costs of rented offices during the reporting period |
| Deferred income tax assets | 127,977,537.40 | 46,893,086.34 | 172.91% | Mainly caused by increase in unrealized profits from internal transactions during the reporting period |
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
Notespayable
| Notes payable | 5,234,477,673.42 | 3,369,427,627.30 | 55.35% | Mainly caused by increase in payments for materials by notes during the reporting period |
| Contract liability | 147,446,162.49 | 45,096,633.96 | 226.96% | Mainly caused by increase in advances on sales during the reporting period |
Taxespayable
| Taxes payable | 167,180,279.48 | 83,154,482.55 | 101.05% | Mainly caused by increase in income tax payable during the reporting period |
| Other payables | 38,728,107.86 | 29,657,941.65 | 30.58% | Mainly caused by increase in payments on behalf of others for customs clearance during the reporting period |
| Long-term loan | 14,867,073.83 | 25,555,537.87 | -41.82% | Mainly caused by repayments of bank loans during the reporting period |
2. Income Statement
Unit: RMB
| Item | January-September 2022 | January-September 2021 | Change | Reason for change |
| Operating income | 11,915,662,694.56 | 6,758,348,369.76 | 76.31% | Mainly caused by business growth during the reporting period |
| Operating cost | 9,425,611,062.95 | 5,685,663,432.41 | 65.78% | Mainly caused by cost growth due to revenue growth during the reporting period |
| Taxes and surcharges | 32,485,279.48 | 9,204,000.72 | 252.95% | Mainly caused by increase in taxes during the reporting period |
| Management expenses | 308,254,477.92 | 174,121,224.24 | 77.03% | Mainly caused by increase in equity incentive expenses during the reporting period |
| R&D expenditures | 303,778,314.48 | 174,498,528.02 | 74.09% | Mainly caused by increase in R&D investment during the reporting period |
| Financial expenses | -436,359,035.46 | 55,680,075.74 | -883.69% | Mainly caused by increase in exchange gains during the reporting period |
| Other income | 4,853,353.35 | 13,271,917.32 | -63.43% | Mainly caused by the reduction in government subsidies included in other incomes during the reporting period |
| Investment returns | -60,492,810.75 | 179,803,594.64 | -133.64% | Mainly caused by more loss in forward exchange settlement business during the reporting period |
| Income from changes in fair value | -399,356,767.11 | -102,478,722.75 | -289.70% | Mainly caused by more changes in fair value of forward exchange settlement business during the reporting period |
| Credit impairment losses | -80,290,630.61 | -14,655,973.32 | -447.84% | Mainly caused by increase in bad debts of accounts receivable during the reporting period |
| Asset impairment losses | 1,738,356.82 | -1,028,721.46 | 268.98% | Mainly caused by the reversal of reserve for inventory depreciation during the reporting period |
| Gains from asset disposal | 126,624.97 | -6,576.44 | 2025.43% | Mainly caused by proceeds from disposal of non-current assets during the reporting period |
| Non-operating income | 10,303,761.73 | 5,118,584.23 | 101.30% | Mainly caused by the increase in government subsidies included in non-operating income during the reporting period |
| Non-operating expenses | 23,203,007.30 | 10,830,252.10 | 114.24% | Mainly caused by increase in non-current assets scrap loss during the reporting period |
3. Consolidated cash flow statement
Unit: RMB
| Item | January-September 2022 | January-September 2021 | Change | Reason for change |
| Net cash flow from operating activities | 2,115,819,098.24 | 301,483,993.55 | 601.80% | Mainly caused by increase in collected payments due to year-on-year revenue growth during the reporting period |
| Net cash flow from financing activities | -1,278,718,840.25 | 1,155,389,538.13 | -210.67% | Mainly caused by increase in payment of financing deposit during the reporting period |
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
II. Shareholder Information(I) The number of common shareholders, the number of preferred shareholders whose voting rights havebeen restored and the shareholdings of the top ten shareholders
Unit: Share
| Number of common shareholders as of the end of Q3 2022 | 8,120 | Number of preferred shareholders whose voting rights have been restored as of the end of Q3 2022 (if any) | 0 | |||
| Shareholding of the top ten shareholders | ||||||
| Name of shareholder | Shareholder nature | Shareholding ratio | Shareholding quantity | Quantity of restricted shares held | Pledge, mark or freeze | |
| Share status | Quantity | |||||
| Shandong Rainbow Investment Co., Ltd | Domestic non-state-owned legal person | 41.61% | 114,911,237 | 114,911,237 | Pledge | 23,301,837 |
| KONKIA INC | Overseas legal person | 22.16% | 61,191,800 | 61,191,800 | ||
| Shandong Rainbow Agriculture Investment Co., Ltd. | Domestic non-state-owned legal person | 4.75% | 13,105,690 | 13,105,690 | ||
| Shenzhen Xingdafa Technology Co., Ltd. | Domestic non-state-owned legal person | 2.99% | 8,264,487 | 0 | ||
| Jinan Xinbo Investment Co., Ltd. | Domestic non-state-owned legal person | 2.84% | 7,856,786 | 0 | Pledge | 7,856,786 |
| Industrial and Commercial Bank of China Co., Ltd. - BOCOM Schroder Trend Priority Hybrid Securities Investment Fund | Other | 2.21% | 6,110,168 | 0 | ||
| Guotai Fund - Bank of Communications - Guotai Fund Boyuan No. 20 Collective Assets Management Plan | Other | 1.31% | 3,607,415 | 0 | ||
| China Construction Bank Corporation - Guotai Great Health Equity Securities Investment Fund | Other | 1.21% | 3,339,452 | 0 | ||
| China Merchants Bank Co., Ltd. - BOCOM Schroder Qicheng Hybrid Securities Investment Fund | Other | 0.73% | 2,009,964 | 0 | ||
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
Bank ofCommunicationsCo., Ltd. - GuotaiJinying Growth andFlexibly AllocatedHybrid SecuritiesInvestment Fund
| Bank of Communications Co., Ltd. - Guotai Jinying Growth and Flexibly Allocated Hybrid Securities Investment Fund | Other | 0.69% | 1,891,928 | 0 | ||
| Shareholding of top ten shareholders of unrestricted shares | ||||||
| Name of shareholder | Quantity of unrestricted shares held | Type of shares | ||||
| Type of shares | Quantity | |||||
| Shenzhen Xingdafa Technology Co., Ltd. | 8,264,487 | RMB-denominated common shares | 8,264,487 | |||
| Jinan Xinbo Investment Co., Ltd. | 7,856,786 | RMB-denominated common shares | 7,856,786 | |||
| Industrial and Commercial Bank of China Co., Ltd. - BOCOM Schroder Trend Priority Hybrid Securities Investment Fund | 6,110,168 | RMB-denominated common shares | 6,110,168 | |||
| Guotai Fund - Bank of Communications - Guotai Fund Boyuan No. 20 Collective Assets Management Plan | 3,607,415 | RMB-denominated common shares | 3,607,415 | |||
| China Construction Bank Corporation - Guotai Great Health Equity Securities Investment Fund | 3,339,452 | RMB-denominated common shares | 3,339,452 | |||
| China Merchants Bank Co., Ltd. - BOCOM Schroder Qicheng Hybrid Securities Investment Fund | 2,009,964 | RMB-denominated common shares | 2,009,964 | |||
| Bank of Communications Co., Ltd. - Guotai Jinying Growth and Flexibly Allocated Hybrid Securities Investment Fund | 1,891,928 | RMB-denominated common shares | 1,891,928 | |||
| Hong Kong Securities Clearing Company Ltd. | 1,751,501 | RMB-denominated common shares | 1,751,501 | |||
| Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. - Citic Capital China Value Growth No. 1 Private Securities Investment Fund | 1,403,930 | RMB-denominated common shares | 1,403,930 | |||
| Guotai Fund - Bank of Shanghai - Guotai Fund Gewu No. 2 Collective Assets Management Plan | 1,327,038 | RMB-denominated common shares | 1,327,038 | |||
| Explanation of the above-mentioned shareholder relationship or concerted action | Shandong Rainbow Investment Co., Ltd., KONKIA INC and Shandong Runnong Investment Co., Ltd. are enterprises controlled by Wencai Wang, Guoqing Sun and Hongbing Qiu, the actual controllers of the Company Apart from that, the Company does not know whether the above-mentioned other shareholders are associated or are persons acting in concert. | |||||
| Engagement of the top 10 shareholders in securities | Not applicable | |||||
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
margin trading business (if any)
margin trading business (if any)
(II) The number of preferred shareholders of the Company and the shareholdings of the top ten preferredshareholders
□ Applicable ?Not applicable
(III) Changes in restricted shares? Applicable □ Not applicable
Unit: Share
| Name of shareholder | Number of restricted shares held at the beginning of the reporting period | Number of restricted shares lifted during the reporting period | Number of restricted shares increased during the reporting period | Number of restricted shares held at the end of the reporting period | Reason of the restrictions | Date from which the restrictions will be lifted |
| Shandong Rainbow Investment Co., Ltd | 114,911,237 | 0 | 0 | 114,911,237 | Number of restricted shares held before the initial offering | Sunday, July 28, 2024 |
| KONKIAINC | 61,191,800 | 0 | 0 | 61,191,800 | Number of restricted shares held before the initial offering | Sunday, July 28, 2024 |
| Shandong Rainbow Agriculture Investment Co., Ltd. | 13,105,690 | 0 | 0 | 13,105,690 | Number of restricted shares held before the initial offering | Sunday, July 28, 2024 |
| Shenzhen Xingdafa Technology Co., Ltd. | 8,264,487 | 8,264,487 | 0 | 0 | Number of restricted shares held before the initial offering | Thursday, July 28, 2022 |
| Jinan Xinbo Investment Co., Ltd. | 7,856,786 | 7,856,786 | 0 | 0 | Number of restricted shares held before the initial offering | Thursday, July 28, 2022 |
| Shandong Agricultural University Education Development Foundation | 1,800,000 | 1,800,000 | 0 | 0 | Number of restricted shares held before the initial offering | Thursday, July 28, 2022 |
| Total | 207,130,000 | 17,921,273 | 0 | 189,208,727 |
III. Other important matters
□ Applicable ?Not applicable
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
IV. Quarterly Financial Statements(I) Financial Statements
1. Consolidated balance sheet
Prepared by: Shandong Weifang Rainbow Chemical Co., Ltd.
Unit: RMB
| Item | Friday, September 30, 2022 | Saturday, January 1, 2022 |
| Current assets: | ||
| Monetary funds | 5,475,298,834.68 | 3,724,744,059.71 |
| Deposit reservation for balance | ||
| Lending to banks and other financial institutions | ||
| Financial assets held for trading | 6,000,000.00 | 200,000,000.00 |
| Derivative financial assets | 48,922,283.50 | |
| Notes receivable | 58,147,122.76 | 35,385,609.76 |
| Accounts receivable | 3,823,556,208.16 | 2,328,358,879.35 |
| Receivables financing | 100,000.00 | |
| Pre-payments | 118,737,234.62 | 77,313,374.04 |
| Premium receivable | ||
| Re-insurance accounts receivable | ||
| Reserves for re-insurance contract receivable | ||
| Other receivables | 27,862,788.27 | 11,576,269.72 |
| Including.: interest receivable | ||
| Dividends receivable | ||
| Financial assets purchased under resale agreement | ||
| Inventory | 1,702,760,783.29 | 1,775,113,092.67 |
| Contracted assets | ||
| Assets held for sale | ||
| Non-current assets that mature within one year | ||
| Other current assets | 352,479,320.96 | 264,431,341.13 |
| Total current assets | 11,564,842,292.74 | 8,465,944,909.88 |
| Non-current assets: | ||
| Disbursed loans and advances | ||
| Debt investments | ||
| Other debt investment | ||
| Long-term receivables | ||
| Long-term equity investment | 1,724,734.32 | 1,810,538.69 |
| Other equity instrument investment | ||
| Other non-current financial assets | ||
| Investment real estate | 9,292,370.15 | |
| Fixed assets | 1,611,461,003.66 | 1,218,635,770.03 |
| Construction in progress | 204,476,795.79 | 281,855,456.95 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Assets with rights of use | 18,838,121.95 | 18,876,699.07 |
| Intangible assets | 124,493,915.40 | 118,003,684.46 |
| Development expenditure | ||
| Goodwill | 49,941,550.10 | 26,949,350.10 |
| Long-term deferred expenses | 2,927,013.76 | 1,972,932.08 |
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
Deferred income tax assets
| Deferred income tax assets | 127,977,537.40 | 46,893,086.34 |
| Other non-current assets | 93,965,833.03 | 130,713,116.29 |
| Total non-current assets | 2,245,098,875.56 | 1,845,710,634.01 |
| Total assets | 13,809,941,168.30 | 10,311,655,543.89 |
| Current liabilities: | ||
| Short-term loan | 591,201,791.07 | 550,348,417.31 |
| Borrowings from the central bank | ||
| Borrowing from banks and financial institutions | ||
| Financial liabilities held for trading | ||
| Derivative financial liabilities | 349,435,871.51 | |
| Notes payable | 5,234,477,673.42 | 3,369,427,627.30 |
| Accounts payable | 752,816,944.51 | 879,276,036.26 |
| Advance receipts | 2,624,536.52 | |
| Contract liability | 147,446,162.49 | 45,096,633.96 |
| Financial assets sold for repurchase | ||
| Deposits and interbank deposits received | ||
| Amount received from agency trading of securities | ||
| Amount received from agency underwriting of securities | ||
| Payroll payable | 179,873,374.64 | 154,700,982.42 |
| Taxes payable | 167,180,279.48 | 83,154,482.55 |
| Other payables | 38,728,107.86 | 29,657,941.65 |
| Including: Interests payable | ||
| Dividends payable | ||
| Charges and commissions payable | ||
| Re-insurance accounts payable | ||
| Liabilities held for sale | ||
| Non-current liabilities due within one year | 18,780,200.27 | 19,679,032.26 |
| Other current liabilities | 46,210,130.65 | 37,357,003.10 |
| Total current liabilities | 7,526,150,535.90 | 5,171,322,693.33 |
| Non-current liabilities: | ||
| Provision for insurance contracts | ||
| Long-term loan | 14,867,073.83 | 25,555,537.87 |
| Bonds payable | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Lease liability | 15,034,336.79 | 13,312,230.04 |
| Long-term payables | ||
| Long-term payroll payable | ||
| Accrued liabilities | 840,000.00 | |
| Deferred income | 13,417,380.13 | 13,950,734.80 |
| Deferred income tax liabilities | 42,797,133.11 | 43,570,565.25 |
| Other non-current liabilities | ||
| Total non-current liabilities | 86,115,923.86 | 97,229,067.96 |
| Total liabilities | 7,612,266,459.76 | 5,268,551,761.29 |
| Owner’s equity: | ||
| Share capital | 276,180,000.00 | 276,180,000.00 |
| Other equity instruments | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Capital reserve | 2,266,016,503.74 | 2,226,848,878.76 |
| Less: Treasury stock |
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
Other comprehensive income
| Other comprehensive income | -2,788,739.77 | -6,390,755.46 |
| Special reserve | 20,395,426.24 | 14,783,485.63 |
| Surplus reserve | 158,674,657.07 | 158,674,657.07 |
| General risk reserve | ||
| Undistributed profit | 3,314,459,281.28 | 2,238,628,036.71 |
| Total owners' equity attributed to parent company | 6,032,937,128.56 | 4,908,724,302.71 |
| Minority shareholder’s interest | 164,737,579.98 | 134,379,479.89 |
| Total owner’s equity | 6,197,674,708.54 | 5,043,103,782.60 |
| Total liabilities and owners’ equity | 13,809,941,168.30 | 10,311,655,543.89 |
Legal Representative: Wicky Wang Chief Accountant in Charge: Xing Bingpeng Chief of AccountingInstitution: Zhang Baolin
2. Consolidated income statement from the start of 2022 to the end of Q3 2022
Unit: RMB
| Item | Amount incurred in Q3 2022 | Amount incurred in Q2 2022 |
| I. Gross Operating Income | 11,915,662,694.56 | 6,758,348,369.76 |
| Including: Operating income | 11,915,662,694.56 | 6,758,348,369.76 |
| Interest income | ||
| Premium earned | ||
| Handling charges and commissions income | ||
| II. Total Operating Costs | 9,822,444,784.16 | 6,251,917,125.47 |
| Including: Costs of business | 9,425,611,062.95 | 5,685,663,432.41 |
| Interest expenses | ||
| Handling charges and commission expenses | ||
| Surrender value | ||
| Net payments for insurance claims | ||
| Net withdrawal of reserve for insurance responsibility contracts | ||
| Expenditures of policy dividend | ||
| Re-insurance expense | ||
| Taxes and surcharges | 32,485,279.48 | 9,204,000.72 |
| Sales expenses | 188,674,684.79 | 152,749,864.34 |
| Management expenses | 308,254,477.92 | 174,121,224.24 |
| R&D expenditures | 303,778,314.48 | 174,498,528.02 |
| Financial expenses | -436,359,035.46 | 55,680,075.74 |
| Including: Interest expenses | 12,752,415.52 | 13,191,565.80 |
| Interest income | 23,243,044.73 | 18,369,301.60 |
| Add: Other incomes | 4,853,353.35 | 13,271,917.32 |
| Income from investment (“－” for loss) | -60,492,810.75 | 179,803,594.64 |
| Including: Income from investment in associated enterprises and joint ventures | -85,804.37 | -145,685.92 |
| Income recognized |
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
at termination of financial assetsmeasured at amortized cost
| at termination of financial assets measured at amortized cost | ||
| Foreign exchange gain ("-" fro loss) | ||
| Net exposure hedging income ("-" for loss) | ||
| Income from changes in fair value ("-" for loss) | -399,356,767.11 | -102,478,722.75 |
| Credit impairment losses ("-" for loss) | -80,290,630.61 | -14,655,973.32 |
| Asset impairment losses ("-" for loss) | 1,738,356.82 | -1,028,721.46 |
| Gains from asset disposal ("-" for loss) | 126,624.97 | -6,576.44 |
| III. Operating Profit ("-" for loss) | 1,559,796,037.07 | 581,336,762.28 |
| Add: Non-operating income | 10,303,761.73 | 5,118,584.23 |
| Less: Non-operating expenses | 23,203,007.30 | 10,830,252.10 |
| IV. Total Profit Before Tax (“-” for total losses) | 1,546,896,791.50 | 575,625,094.41 |
| Less: Income tax expenses | 201,047,731.59 | 92,891,773.21 |
| V. Net Profit ("-" for net loss) | 1,345,849,059.91 | 482,733,321.20 |
| (I) Classification by business continuity | ||
| 1. Net profit from continuing operations (“-” for net loss) | 1,345,849,059.91 | 482,733,321.20 |
| 2. Net profit from discontinued operations (“-” for net loss) | ||
| (II) Classification by ownership | ||
| 1. Net profit attributed to the shareholders of the parent company ("-" for net loss) | 1,305,889,184.58 | 450,047,902.56 |
| 2. Profit or loss of minority shareholders ("-" for net loss) | 39,959,875.33 | 32,685,418.64 |
| VI. Net Amount after Tax of Other Comprehensive Income | 3,712,236.45 | -10,687,192.93 |
| Net amount of other comprehensive income after tax attributed to the owners of parent company | 3,602,015.69 | -9,963,573.16 |
| (I) Other comprehensive income that cannot be reclassified into profit or loss | ||
| 1. Changes due to re-measurement on defined benefit plan | ||
| 2. Other comprehensive income that cannot be converted into profit and loss under the equity method | ||
| 3. Changes in fair value of other equity instrument investments | ||
| 4. Changes in the fair value of the credit risk of the enterprise | ||
| 5. Other | ||
| (ii) Other comprehensive income that will be reclassified into profit and loss | 3,602,015.69 | -9,963,573.16 |
| 1. Other comprehensive income that can be converted to profit or loss under the equity method |
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
2. Changes in fair value for other
investment on bonds
| 2. Changes in fair value for other investment on bonds | ||
| 3. Amount of financial assets reclassified into other comprehensive income | ||
| 4. Provision for credit impairment of other creditor's rights investment | ||
| 5. Cash flow hedge reserve | ||
| 6. Difference of foreign currency financial statement translation | 3,602,015.69 | -9,963,573.16 |
| 7. Other | ||
| Net amount of other comprehensive income after tax attributed to minority shareholders | 110,220.76 | -723,619.77 |
| VII. Total Comprehensive Income | 1,349,561,296.36 | 472,046,128.27 |
| (I) Total comprehensive income attributed to parent company owners | 1,309,491,200.27 | 440,084,329.40 |
| (II) Total comprehensive income attributed to minority shareholders | 40,070,096.09 | 31,961,798.87 |
| VIII. Earnings per Share: | ||
| (i) Basic earnings per share | 4.73 | 2.02 |
| (ii) Diluted earnings per share | 4.75 | 2.02 |
For business combination under the same control in the current period, the net profit of the merged party before the businesscombination is RMB , and the net profit of the merged party in the previous period is RMB .Legal Representative: Wicky Wang Chief Accountant in Charge: Xing Bingpeng Chief of AccountingInstitution: Zhang Baolin
3. Consolidated cash flow statement from the start of 2022 to the end of Q3 2022
Unit: RMB
| Item | Amount incurred in Q3 2022 | Amount incurred in Q2 2022 |
| I. Cash Flows Generated from Operating Activities: | ||
| Cash received from sales of goods and services | 10,331,084,547.51 | 6,889,339,845.42 |
| Net increase in deposit from customers and interbank | ||
| Net increase in borrowing from central bank | ||
| Net increase in borrowings from other financial institutions | ||
| Cash receipts from premiums under direct insurance contracts | ||
| Net cash receipts from re-insurance business | ||
| Net cash receipts from policyholders' deposits and investments | ||
| Cash receipts from interest, handling fees and commissions | ||
| Net increase in capital borrowed from banks and other financial institutions | ||
| Net increase in repurchase business capital | ||
| Net cash received from securities |
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
trading brokerage
| trading brokerage | ||
| Cash receipts from tax refunds | 763,158,589.71 | 441,858,884.13 |
| Cash received relating to other operating activities | 47,785,370.79 | 35,026,707.61 |
| Subtotal of cash inflow in business activities | 11,142,028,508.01 | 7,366,225,437.16 |
| Cash payments for goods acquired and services received | 7,603,969,243.17 | 6,268,993,526.84 |
| Net increase in customer loans and advances | ||
| Net increase in deposits in central bank and interbank | ||
| Cash payments for original insurance contract claims | ||
| Net increase in lending funds from banks and other financial institutions | ||
| Cash payments for interest, fee and commission | ||
| Cash payments for insurance policyholder dividends | ||
| Cash payments to employees and on behalf of employees | 375,679,053.03 | 315,357,242.38 |
| Cash payments for taxes | 370,658,836.48 | 133,664,648.15 |
| Other cash payments relating to operating activities | 675,902,277.09 | 346,726,026.24 |
| Subtotal of cash outflow in business activities | 9,026,209,409.77 | 7,064,741,443.61 |
| Net cash flow from operating activities | 2,115,819,098.24 | 301,483,993.55 |
| II. Cash Flows from Investing Activities: | ||
| Cash receipts from investment withdrawal | 200,000,000.00 | 0.00 |
| Cash receipts from return on investments | ||
| Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets | 6,080,625.78 | 12,524,555.81 |
| Net cash receipts from disposal of subsidiary or any other business unit | ||
| Other cash receipts relating to investing activities | 40,238,346.18 | 178,697,474.16 |
| Subtotal of cash inflow in investment activities | 246,318,971.96 | 191,222,029.97 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 329,149,933.00 | 385,991,069.94 |
| Cash payments for investment | ||
| Net increase in pledged loans | ||
| Net cash payments to acquire subsidiary and other business units | 6,684,696.80 | |
| Other cash payments relating to investment activities | 105,021,092.70 | |
| Subtotal of cash outflow in investment activities | 440,855,722.50 | 385,991,069.94 |
| Net cash flow in investment activities | -194,536,750.54 | -194,769,039.97 |
| 2022 Q3 Report | To be a Global Leading Crop Protection Company |
III. Cash Flows from Financing Activities:
| III. Cash Flows from Financing Activities: | ||
| Cash received from capital contributions | 2,554,868.00 | 1,452,906,245.28 |
| Including: Cash received from investment of minority shareholder from subsidiary | ||
| Cash receipts from borrowings | 664,777,283.11 | 944,854,152.53 |
| Other cash receipts relating to financing activities | ||
| Subtotal of cash inflow in financing activities | 667,332,151.11 | 2,397,760,397.81 |
| Cash repayments of borrowings | 726,328,623.21 | 990,607,261.54 |
| Cash payments for distribution of dividends, profits, or cash payments for interest expenses | 248,281,618.61 | 163,804,440.40 |
| Including: Dividends and profits paid to minority shareholders by subsidiaries | ||
| Other cash paid related to financing activities | 971,440,749.54 | 87,959,157.74 |
| Subtotal of cash outflow in financing activities | 1,946,050,991.36 | 1,242,370,859.68 |
| Net cash flow from financing activities | -1,278,718,840.25 | 1,155,389,538.13 |
| IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents | 39,736,550.41 | -63,901,745.14 |
| V. Net Increase in Cash and Cash Equivalents | 682,300,057.86 | 1,198,202,746.57 |
| Add: Beginning balance of cash and cash equivalents | 2,032,302,255.51 | 719,642,914.12 |
| VI. Closing Balance of Cash and Cash Equivalents | 2,714,602,313.37 | 1,917,845,660.69 |
(II) Audit Report
Whether the Third Quarter Report is audited
□ Yes ?No
The Company's Third Quarter Report has not been audited.
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
Board of DirectorsFriday, October 28, 2022