Stock Code: 000530; 200530 Short Form of the Stock: Bingshan; Bingshan B No: 2020-028
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
QUARTERLY REPORT FOR THIRD QUARTER, 2020
§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 The Company’s quarterly financial report has not been audited.
1.3 Chairman of the Board of Directors of the Company Mr. Ji Zhijian, Financial Majordomo Mr. Ma Yun and thehead of Accounting Department Ms. Wang Jinxiu hereby confirm that the financial report of the quarterly report istrue 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 Major accounting data and changes of shareholders
2.1 Major accounting data and financial indexes
Is there any traceable adjustment to the financial statements for the previous report period?
□ Yes √ No
| 2020.9.30 | 2019.12.31 | Increase/decrease over 2019.12.31 | ||
| Total assets | 5,675,344,576.31 | 5,525,503,256.26 | 2.71% | |
| Shareholder’s equity attributable to parent company | 3,358,611,568.59 | 3,379,565,029.89 | -0.62% | |
| 2020.7-9 | Increase/decrease over 2019.7-9 | 2020.1-9 | Increase/decrease over 2019.1-9 | |
| Total operating income | 462,998,187.84 | 22.71% | 1,336,401,602.30 | -8.03% |
| Net profit attributable to parent company | 27,947,259.43 | 793.93% | 4,342,913.91 | -95.84% |
| Net profit attributable to parent company after deducting non-recurring gains/losses | 10,312,723.62 | 125.81% | 2,055,728.63 | -94.84% |
| Net cash generated from operating activities | -18,397,809.85 | -518.58% | -96,748,498.60 | -19.81% |
| Basic earnings per share | 0.033 | 925.00% | 0.005 | -95.93% |
| Diluted earnings per share | 0.033 | 925.00% | 0.005 | -95.93% |
| Weighted average return on net asset yield | 0.83% | Increase 0.93 percentage points | 0.13% | Decrease 2.93 percentage points |
Net profit attributable to parent company of 2020.1-9 decreased significantly y-o-y , mainly due to 1.in the sameperiod of last year, there was a large amount of non-recurring gains, following:(1) The Gain from change in fairvalue of Guotai Junan has been recorded into the current profit and loss since Jan. 1, 2019, which is about 30.05million yuan;(2) During the same period of last year, the Company's exchangeable corporate bondholdersexchanged a total of 8.3889 million shares, increasing the current investment income about 40.57 million yuan.
2.During the period of 2020.1-9, the profit of the associated companies has decreased.
Non-recurring profits and losses and their amounts
| Item of non-recurring gains and losses | Amount from beginning of year to the end of report period |
| Profit and loss from disposal of non-current assets | 191,798.01 |
| Government subsidies which were included in the current profits and losses | 6,149,407.71 |
| Income from changes in fair value during the period of holding financial assets | -5,887,502.00 |
| available for sale and income from disposal of financial assets available for sale | |
| Other non-operating incomes and expenses except the above mentioned | 2,456,905.41 |
| Income tax effects | 497,305.70 |
| Minority equity interests effects (after tax) | 126,118.15 |
| Total | 2,287,185.28 |
2.2 Total number and particulars of the shareholders by the end of the report period
| Total shareholders at the end of report period | 42,562 | ||||||
| Shareholding of top ten shareholders | |||||||
| Name | Nature | Proportion | Total number | Number of shares with sale restriction | Number of pledged shares or shares frozen | ||
| Dalian Bingshan Group Co., Ltd. | Domestic non-state-owned legal person | 20.27% | 170,916,934 | 0 | |||
| SANYO ELECTRIC CO LTD | Overseas legal person | 8.72% | 73,503,150 | 0 | |||
| Zhang Sufen | Domestic natural person | 1.85% | 15,620,000 | 0 | |||
| Lin Zhenming | Foreign natural person | 0.80% | 6,740,000 | 0 | |||
| Wu An | Domestic natural person | 0.53% | 4,500,000 | 0 | |||
| Sun Huiming | Domestic natural person | 0.52% | 4,384,079 | 0 | |||
| Xue Hong | Domestic natural person | 0.42% | 3,520,000 | 0 | |||
| Dalian industrial development investment Co., Ltd. | Domestic non-state-owned legal person | 0.40% | 3,406,725 | 0 | |||
| Li Xiaohua | Domestic natural person | 0.38% | 3,162,908 | 0 | |||
| Chen Naisheng | Domestic natural person | 0.27% | 2,311,330 | 0 | |||
| Particulars about shares held by the top ten negotiable shareholders not subject to conditional sales | |||||||
| Name of shareholder | EORP (shares) | Type | |||||
| Dalian Bingshan Group Co., Ltd. | 170,916,934 | A | |||||
| SANYO ELECTRIC CO LTD | 73,503,150 | B | |||||
| Zhang Sufen | 15,620,000 | A | |||||
| Lin Zhenming | 6,740,000 | B | |||||
| Wu An | 4,500,000 | B | |||||
| Sun Huiming | 4,384,079 | B | |||||
| Xue Hong | 3,520,000 | B | |||||
| Dalian industrial development investment Co., Ltd. | 3,406,725 | A | |||||
| Li Xiaohua | 3,162,908 | A | |||||
| Chen Naisheng | 2,311,330 | A | |||||
| 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. | ||||||
Did the Company's shareholders conduct the agreed repurchase transactions in the reporting period?
□ Yes √ No
Information on the total number of preferred shareholders and the shares held by top ten preferred shareholders asof the end of the reporting period
□ Yes √ No
§3 Important Matters
3.1 Major changes in main financial items and indexes, and description of the cause
√ Applicable □ Inapplicable
3.2 Analytic description of major matters, their influence and solutions
□Applicable √Not applicable
3.3 Commitments of the Company or its shareholders holding 5% or higher of the shares in the reporting period orcarried to the reporting period
□ Applicable √Not applicable
3.4 Financial assets investment
3.4.1 Securities investment
√ Applicable □Not applicable
payable and income tax payable.
7. Interest payable decreased significantly compared with the beginning of the year, mainly due to the decrease ofinterest payable of Exchangeable Bonds for which the Company has made provision.
8. Financial expenses increased significantly on a year-on-year basis, mainly due to the increase of short-term loansand interest expenses in the current period.
9. Income on investment decreased significantly on a year-on-year basis, mainly due to that the holders of “18 dalengEB” has exchanged their shares and the decrease of profit from joint enterprise.
10. Gain from change in fair value decreased significantly on a year-on-year basis, mainly due to the negative changein fair value of Guotai Junan in the current period, and the positive change in fair value of Guotai Junan in last year.
11. Net cash flows arising from investment activities increased significantly on a year-on-year basis, mainly due tothe sale of some Guotai Junan shares, and investment in new plant area decreased in the current period.
12. Net cash flows arising from financing activities decreased significantly on a year-on-year basis, mainly due tothe decrease of cash received from loans in the current period.Stockcode
| Stock code | Stock abbreviation | Initial investment cost | Accounting measurement model | Book value at the beginning | Changes in the profit and loss of the fair value in this period | Accumulative change of fair value credited to equity | Current sale amount | Report period profit and loss | Book value in the ending | Accounting subjects | Source of funds |
| 601211 | Guotai Jun’an | 13,710,008.00 | fair value measurement | 253,498,047.92 | -5,887,502.00 | 0.00 | 40,851,340.31 | -540,598.88 | 250,070,545.92 | Other Non-current financial asset | Own funds |
| Other Securities Investment | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | |
| total | 13,710,008.00 | -- | 253,498,047.92 | -5,887,502.00 | 0.00 | 40,851,340.31 | -540,598.88 | 250,070,545.92 | -- | -- | |
Until 30 September, 2020, the Company held 13,710,008 numbers of shares of Guotai Jun’an Securities Co., Ltd.The Company sold 2,000,000 numbers of shares of Guotai Jun’an, and received cash dividend RMB 5,346,903.12Yuan during the reporting period.
3.4.2 Derivative investment
□ Applicable √ Not applicable
3.5 Progress of projects invested by raised funds
□ Applicable √ Not applicable
3.6 Precautions on forecasting of 2020
The accumulated net profit may be turned into loss or change greatly compared with that in the same period of thelast year, and description of the cause
□ Applicable √Not applicable
3.7 Major contract of daily operation
□ Applicable √ Not applicable
During the reporting period, the Company does not exist derivative investment.
3.8 Trust management
□ Applicable √Not applicable
There is no entrusted financial management during the reporting period of the Company.
3.9 Violation of guaranty
□ Applicable √ Not applicable
There was no illegal external guarantee during the reporting period of the Company.
3.10 Non-operation capital occupation by holding shareholders and their related parties in the listed company
□ Applicable √ Not applicable
During the reporting period, there is no non-operation capital occupied by the controlling shareholders and theirrelated parties.
3.11 Registration form of reception research, communication, interview and other activities during the reporting
period
□ Applicable √ Not applicable
During the reporting period, there was no reception, investigation, communication, interview and other activitiesheld by the Company.
Board of Directors of Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.October 28, 2020