Bingshan Refrigeration & Heat Transfer
Technologies Co., Ltd.
QUARTERLY REPORTFOR THIRD QUARTER, 2020
October, 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/decreaseover 2019.12.31
Total assets5,675,344,576.31
5,525,503,256.26
2.71%
Shareholder’s equity attributable toparent 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
2019.1-9Total operating income462,998,187.84
Increase/decrease over
22.71%
1,336,401,602.30
-8.03%
Net profit attributable to parentcompany
27,947,259.43
793.93%
4,342,913.91
-95.84%
Net profit attributable to parentcompany after deductingnon-recurring gains/losses
10,312,723.62
125.81%
2,055,728.63
-94.84%
Net cash generated from operatingactivities
-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 netasset 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 periodProfit and loss from disposal of non-current assets191,798.01
Government subsidies which were included in the current profits and losses6,149,407.71
Income from changes in fair value during the period of holding financial assetsavailable for sale and income from disposal of financial assets available for sale
-5,887,502.00
Other non-operating incomes and expenses except the above mentioned2,456,905.41
Income tax effects497,305.70
Minority equity interests effects (after tax)126,118.15
Total2,287,185.28
2.2 Total number and particulars of the shareholders by the end of the report periodTotal shareholders at the end of report period 42,562
Shareholding of top ten shareholdersName Nature Proportion
Total number
Number ofshares with
salerestriction
Number of
pledgedshares orshares frozen
Dalian 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
Zhang Sufen Domestic natural person 1.85%
15,620,000
Lin Zhenming Foreign natural person 0.80%
6,740,000
Wu An Domestic natural person 0.53%
4,500,000
Sun Huiming Domestic natural person 0.52%
4,384,079
Xue Hong Domestic natural person 0.42%
3,520,000
Dalian industrial development investment Co., Ltd.
Domestic non-state-ownedlegal person
0.40%
3,406,725
Li Xiaohua Domestic natural person 0.38%
3,162,908
Chen Naisheng Domestic natural person 0.27%
2,311,330
Particulars about shares held by the top ten negotiable shareholders not subject to conditional sales
Name of shareholder EORP (shares) TypeDalian Bingshan Group Co., Ltd. 170,916,934
ASANYO ELECTRIC CO LTD 73,503,150
BZhang Sufen 15,620,000
ALin Zhenming 6,740,000
BWu An 4,500,000
BSun Huiming 4,384,079
BXue Hong 3,520,000
BDalian industrial development investment Co., Ltd. 3,406,725
ALi Xiaohua 3,162,908
AChen Naisheng 2,311,330
ANotes to the associated relationship and uniform actions of theabove shareholders
Dalian Bingshan Group Co., Ltd. had the association relationship withSanyo Electric Co., Ltd. among the above shareholders. Sanyo ElectricCo., 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
1. Notes receivable decreased significantly compared with the beginning of the year, mainly due to payment by billsin current period is reduced.
2. Dividend receivable increased significantly compared with the beginning of the year, mainly due to theunmatured dividends receivable of Panasonic Compressor.
3. Inventory increased significantly compared with the beginning of the year, mainly due to a large number ofcompleted projects in this period.
4. Contract liabilities increased significantly compared with the beginning of the year, mainly due to the increase oforders in the current period and the corresponding increase in advance payment.
5. Salary payable 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.
6. Tax payable increased significantly compared with the beginning of the year, mainly due to the increase of VATpayable 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.
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
Stockcode
Stockabbreviation
Initialinvestment
cost
Accountingmeasurement
model
Book value atthe beginning
Changes in theprofit and loss
of the fairvalue in this
period
Accumula
tivechange offair value
| credited to |
equity
Current sale
amount
Report periodprofit and loss
Book value in the
ending
Accounting
subjects
Sourceof funds
| Book value in the | ||
601211
GuotaiJun’an
13,710,008.00
fair valuemeasurement
253,498,047.92
-5,887,502.00
0.00
40,851,340.31
-540,598.88
250,070,545.92
OtherNon-currentfinancial asset
Ownfunds
Other SecuritiesInvestment
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 reportingperiod
□ Applicable √ Not applicable
During the reporting period, there was no reception, investigation, communication, interview and other activitiesheld by the Company.
§4 Financial Statements (attached)Not audited.
Note: The adjustment of financial statementsNew Income Standards for the First Implementation Relevant to Financial Statements at the Beginning of theYear
√Applicable □Not applicable
Consolidated balance sheet
Item 31-Dec-2019 1-Jan-2020
The amount of
adjustmentAccounts receivable1,030,342,541.88
1,008,380,111.23
-21,962,430.65
Contract assets
21,962,430.65
+21,962,430.65
Accounts received in advance160,571,622.53
-160,571,622.53
Contract liabilities
160,571,622.53
+160,571,622.53
Balance sheet of parent company
Item 31-Dec-2019 1-Jan-2020
The amount of
adjustmentAccounts receivable526,554,114.61
525,838,172.89
-715,941.72
Contract assets
715,941.72
+715,941.72
Accounts received in advance47,114,426.48
-47,114,426.48
Contract liabilities
47,114,426.48
+47,114,426.48
Board of Directors of Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.October 28, 2020
BALANCE SHEET
Prepared by Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. September 30,2020 Unit: RMB Yuan
Items
30-Sep-2020 31-Dec-2019Consolidation Parent Company
Consolidation Parent Company
Current assets:
Monetary funds
130,923,595.73
| 272,326,203.08 | 332,119,146.22 | 175,586,251.46 |
Transaction financial assets
Financial assets which are measured by fair value andwhich changes are recorded in current profit and loss
Derivative financial assets
Transaction financial assets
Notes receivable 75,649,588.30
66,039.85
119,947,326.41
12,692,689.97
Accounts receivable 1,099,165,474.62
484,358,919.59
1,030,342,541.88
526,554,114.61
Accounts in advance
58,276,594.24
| 172,439,658.40 |
142,786,528.57
44,560,934.56
Other receivables
40,387,228.77
| 76,793,478.06 |
38,731,228.57
5,981,993.82
Including: Interest receivables12,833.33
12,833.33
583,833.33
583,833.33
Dividend receivable
31,643,200.00
| 28,618,200.00 |
| 33,450.00 |
Inventories
247,702,839.68
| 668,070,180.42 |
539,497,213.39
212,558,464.52
Contract assets
| 94,256,176.99 | 90,260,176.99 |
Assets held for sale
Non-current asset due within one year
Other current assets 16,970,638.15
146,686.51
14,172,130.45
32,843.40
Total current assets 2,475,671,398.02
1,052,122,081.36
2,217,596,115.49
977,967,292.34
Non-current assets:
Finance asset held available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment1,652,290,665.70
2,334,846,988.27
1,662,181,009.14
2,244,411,383.88
Other non-current financial assets263,062,204.51
261,647,062.01
303,469,706.51
302,054,564.01
Investment property 92,428,155.56
102,867,057.92
96,200,507.24
106,536,035.96
Fixed assets 942,127,857.43
735,348,712.25
992,435,172.94
776,349,872.24
Construction in progress 39,549,211.31
27,499,732.22
36,285,056.80
27,212,183.40
Productive biological asset
Oil and gas asset
Intangible assets138,256,649.97
66,464,943.62
141,540,378.10
68,221,989.91
Expense on Research and Development
Goodwill 1,750,799.49
| 1,750,799.49 |
Long-term expenses to be apportioned 10,056,646.32
8,632,415.22
11,646,845.47
9,751,998.84
Deferred income tax asset 60,150,988.00
13,457,700.88
62,397,665.08
13,858,811.66
Other non-current asset
Total non-current asset 3,199,673,178.29
3,550,764,612.39
3,307,907,140.77
3,548,396,839.90
Total assets 5,675,344,576.31
4,602,886,693.75
5,525,503,256.26
4,526,364,132.24
Current liabilities:
Short-term loans362,941,600.00
356,011,600.00
355,252
308,082
| ,000.00 | ,000.00 |
Financial liabilities which are measured by fair valueand which changes are recorded in current profit andloss
Derivative financial liabilities
Transaction financial liabilities
Notes payable 270,942,760.07
169,127,416.69
305,468,505.38
189,540,652.01
Accounts payable 928,549,024.45
310,271,722.25
814,331,684.02
293,479,043.69
Accounts received in advance
160,571,622.53
47,114,426.48
Contract liabilities
| 259,554,637.56 | 73,109,506.37 |
Wage payable 13,130,003.94
94,129.14
31,701,317.58
8,702,907.01
Taxes payable 10,955,980.30
6,239,806.50
8,184,018.69
5,156,115.24
Other accounts payable 34,418,957.15
9,668,889.82
55,921,060.69
18,817,980.14
Including: Interest payable 3,421,791.73
3,421,791.73
6,396,385.83
6,386,700.29
Dividend payable 3,008,156.00
533,156.00
| 533,156.00 | 533,156.00 |
Liabilities held for sale
Non-current liabilities due within one year 29,971,520.09
14,174,643.42
Other current liabilities
Total current liabilities1,910,464,483.56
924,523,070.77
1,745,604,852.31
870,893,124.57
Non-current liabilities:
Long-term loans 160,000,000.00
160,000,000.00
| 160,000,000.00 | 160,000,000.00 |
Bonds payable 25,000,034.00
25,000,034.00
25,000,034
25,000,034
| .00 | .00 |
Including: Preferred stock
Perpetual bond
Long-term account payable 397,771.84
397,771.84
Long-term wage payable
Special payable
Anticipation liabilities
Deferred income 113,985,350.71
67,527,350.71
99,157,538.52
55,744,166.29
Deferred income tax liabilities 35,454,080.68
35,454,080.68
41,215,205.99
41,215,205.99
Other non-current liabilities
Total non-current liabilities 334,837,237.23
287,981,465.39
325,770,550.35
281,959,406.28
Total liabilities 2,245,301,720.79
1,212,504,536.16
2,071,375,402.66
1,152,852,530.85
Shareholders’ equity
Share capital843,212,507.00
843,212,507.00
843,212,507
843,212,50
| .00 | 7.00 |
Other equity instruments
Preferred stock
Perpetual bond
Capital public reserve 726,768,468.00
771,270,562.83
726,768,468
771,270,562.83
| .00 |
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 reserve799,133,083.37
799,133,083.37
768,723,812.53
768,723,812.53
Generic risk reserve
Retained profit 986,996,050.45
975,226,645.29
1,038,358,782.59
988,765,359.93
Total owner’s equity attributable to parent company 3,358,611,568.59
3,390,382,157.59
3,379,565,029.89
3,373,511,601.39
Minority interests 71,431,286.93
74,562,823.71
Total owner’s equity 3,430,042,855.52
3,390,382,157.59
3,454,127,853.60
3,373,511,601.39
Total liabilities and shareholder’s equity 5,675,344,576.31
4,602,886,693.75
5,525,503,256.26
4,526,364,132.24
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Wang Jinxiu
INCOME STATEMENTPrepared by Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. July-September, 2020 Unit: RMB Yuan
Items
July-September, 2020 July-September, 2019Consolidation Parent Company
Consolidation Parent Company
I. Total sales 462,998,187.84
166,018,357.46
377,309,476.31
185,430,301.21
II. Total operating cost 480,103,737.16
| 177,914,920.20 |
398,064,976.69
| 99,512,285.47 |
Including: Operating cost 387,835,633.22
136,136,109.22
307,976,069.92
158,112,463.00
Taxes and associate charges 3,982,133.52
2,325,026.11
4,161,194.34
2,183,711.28
Selling and distribution expenses 27,804,798.16
13,469,041.54
26,015,721.28
12,934,688.91
Administrative expenses 39,724,294.01
15,715,279.94
43,834,281.38
18,804,420.18
R&D expenses 14,025,316.13
5,855,628.22
12,281,212.29
4,690,216.53
Financial expense 6,731,562.12
4,413,835.17
3,796,497.48
2,786,785.57
Including: interest expense 4,781,443.88
3,997,370.74
3,656,619.40
2,509,540.76
interest income 468,361.00
355,797.99
491,570.02
342,781.73
Add: Other income 97,869.11
368,909.48
Gain/(loss) from investment 33,464,671.95
34,929,399.25
29,142,360.02
29,363,993.43
Including: income from investment onaffiliated enterprise and jointly enterprise
27,598,350.89
27,444,502.05
29,142,360.02
29,363,993.43
Gain/(loss) from change in fair value13,435,807.84
13,435,807.84
-10,415,735.31
-10,415,735.31
Credit impairment loss (loss as “-“)-3,182,569.87
-1,528,499.44
Assets impairment loss (loss as “-“)
-5,573,363.68
-1,370,524.06
Gain/(loss) from asset disposal181,009.48
III. Operating profit 26,891,239.19
34,940,144.91
-7,233,329.87
3,495,749.80
Add: non-business income 1,322,690.94
850.00
478,879.39
30.07
Less: non-business expense 51,952.87
344.87
95,922.49
IV. Total profit 28,161,977.26
34,940,650.04
-6,850,372.97
3,495,779.87
Less: Income tax -434,899.70
-441,975.07
-3,292,739.52
-2,490,924.05
V. Net profit 28,596,876.96
35,382,625.11
-3,557,633.45
5,986,703.92
(I) Net profit from continuous operation28,596,876.96
35,382,625.11
-3,557,633.45
5,986,703.92
(II)Net profit from discontinuing operation
Net profit attributable to parent company 27,947,259.43
35,382,625.11
-4,027,361.74
5,986,703.92
Minority shareholders’gains and losses649,617.53
469,728.29
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 gains
and 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 28,596,876.96
35,382,625.11
-3,557,633.45
5,986,703.92
| Total comprehensive income attributable to parent |
company
27,947,259.43
35,382,625.11
-4,027,361.74
5,986,703.92
| Total comprehensive income attributable to |
minority shareholders
649,617.53
469,728.29
VIII. Earnings per share
(I) basic earnings per share 0.033
-0.004
(II) diluted earnings per share 0.033
-0.004
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Wang Jinxiu
INCOME STATEMENT
Prepared by Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. January-September, 2020 Unit: RMB Yuan
Items
January-September, 2020 January-September, 2019Consolidation Parent Company
Consolidation Parent Company
I. Total sales 1,336,401,602.30
587,556,025.62
1,453,038,716.88
510,786,574.53
II. Total operating cost 1,377,192,596.04
604,268,051.29
1,499,611,605.61
540,891,541.57
Including: Operating cost 1,135,910,729.34
495,967,922.44
1,227,736,049.78
435,005,859.82
Taxes and associate charges 12,002,625.35
6,978,664.00
12,891,478.21
6,957,698.30
Selling and distribution expenses 63,251,592.88
24,823,666.76
79,112,539.90
18,305,927.70
Administrative expenses 110,494,420.86
44,148,808.34
129,776,376.59
56,037,040.67
R&D expenses 38,740,337.42
20,160,747.44
40,831,076.46
17,761,463.87
Financial expense 16,792,890.19
12,188,242.31
9,264,084.67
6,823,551.21
Including: interest expense 14,416,491.69
11,799,161.98
9,199,037.66
6,281,720.77
interest income 1,187,533.42
893,946.03
1,063,793.82
553,952.60
Add: Other income 6,605,737.40
442,124.83
2,404,346.32
Gain/(loss) from investment 56,407,749.06
66,538,156.31
146,269,781.75
150,160,769.19
Including: income from investment onaffiliated enterprise and jointly enterprise
44,414,524.88
44,740,472.71
101,381,838.15
102,272,825.59
Gain/(loss) from change in fair value-5,887,502.00
-5,887,502.00
30,045,390.28
30,045,390.28
Credit impairment loss (loss as “-“)-17,224,475.88
-4,879,440.88
Assets impairment loss (loss as “-“)
-22,436,498.10
-4,483,267.31
Gain/(loss) from asset disposal 191,798.01
1,242,799.31
582,050.16
III. Operating profit -697,687.15
39,501,312.59
110,952,930.83
146,199,975.28
Add: non-business income 2,602,750.06
850.00
2,951,244.52
230.14
Less: non-business expense 145,844.65
45,317.02
217,566.00
75,126.57
IV. Total profit 1,759,218.26
39,456,845.57
113,686,609.35
146,125,078.85
Less: Income tax -1,927,158.87
-2,710,085.84
10,473,866.32
8,595,528.60
V. Net profit 3,686,377.13
42,166,931.41
103,212,743.03
137,529,550.25
(I) Net profit from continuous operation3,686,377.13
42,166,931.41
103,212,743.03
137,529,550.25
(II)Net profit from discontinuing operation
Net profit attributable to parent company 4,342,913.91
42,166,931.41
104,346,557.56
137,529,550.25
Minority shareholders’gains and losses-656,536.78
-1,133,814.53
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 3,686,377.13
42,166,931.41
103,212,743.03
137,529,550.25
| Total comprehensive income attributable to parent |
company
4,342,913.91
42,166,931.41
104,346,557.56
137,529,550.25
| Total comprehensive income attributab | le to |
minority shareholders
-656,536.78
-1,133,814.53
VIII. Earnings per share
(I) basic earnings per share 0.005
0.123
(II) diluted earnings per share 0.005
0.123
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Wang Jiuxiu
CASH FLOW STATEMENT
Prepared by Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. January-September, 2020 Unit: RMB Yuan
Items
January - September, 2020 January – September, 2019Consolidation Parent Company
Consolidation Parent Company
I. Cash flows arising from operating activities:
| Cash received from selling commodities and providing |
labor services
931,236,976.16
510,459,379.94
990,420,530.70
340,550,201.48
Write-back of tax received16,087,153.47
8,601,797.19
10,549,600.41
Other cash received concerning operating activities62,856,556.06
22,252,347.57
43,316,326.23
7,731,200.99
Subtotal of cash inflow arising from operating activities1,010,180,685.69
541,313,524.70
1,044,286,457.34
348,281,402.47
| Cash paid for purchasing commodities and receiving |
labor service
720,359,068.70
433,838,834.68
686,780,484.56
250,430,970.32
Cash paid to/for staff and workers230,849,374.08
73,511,335.35
262,853,897.94
93,345,038.33
Taxes paid51,361,443.49
25,986,983.77
59,775,362.69
18,190,018.35
Other cash paid concerning operating activities104,359,298.02
29,697,942.95
115,626,935.44
23,731,542.82
Subtotal of cash outflow arising from operating activities
1,106,929,184.29
563,035,096.75
1,125,036,680.63
385,697,569.82
Net cash flows arising from operating activities-96,748,498.60
-21,721,572.05
-80,750,223.29
-37,416,167.35
II. Cash flows arising from investing activities:
Cash received from recovering investment
2,396,000.00
2,000,000.00
Cash received from investment income69,918,361.75
72,885,171.79
45,399,936.80
45,366,486.80
| Net cash received from disposal of fixed, intangible and |
other long-term assets
445,649.60
30,000.00
1,691,731.61
810,000.00
| Net cash received from disposal of subsidiaries and |
other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities72,760,011.35
74,915,171.79
47,091,668.41
46,176,486.80
| Cash paid for purchasing fixed, intangible and other |
long-term assets
9,124,507.49
5,993,969.58
33,597,375.06
29,587,157.31
Cash paid for investment
100,000,000.00
| Net cash | paid for achievement | of subsidiaries and other |
business units
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities9,124,507.49
105,993,969.58
33,597,375.06
29,587,157.31
Net cash flows arising from investing activities63,635,503.86
-31,078,797.79
13,494,293.35
16,589,329.49
III. Cash flows arising from financing activities
Cash received from absorbing investment
| Including: Cash received from absorbing mi | nority |
shareholders' equity investment by subsidiaries
Cash received from loans
351,751,600.00
315,011,600.00
409,412,100.00
308,082,000.00
Cash received from issuing bonds
Other cash received concerning financing activities32,926,633.20
38,323,050.64
Subtotal of cash inflow from financing activities384,678,233.20
315,011,600.00
447,735,150.64
308,082,000.00
Cash paid for settling debts333,447,223.97
267,082,000.00
316,663,574.16
250,000,000.00
| Cash paid for dividend and profit | distributing or interest |
paying
42,052,924.78
39,816,011.60
52,234,480.80
49,757,707.19
| Including: dividends or profit paid by | subsidiaries to |
minority shareholders
Other cash paid concerning financing activities12,182,713.89
66,386,367.24
47,566,389.36
Subtotal of cash outflow from financing activities387,682,862.64
306,898,011.60
435,284,422.20
347,324,096.55
Net cash flows arising from financing activities-3,004,629.44
8,113,588.40
12,450,728.44
-39,242,096.55
IV. Influence on cash due to fluctuation in exchange rate-660,346.06
24,125.71
368,800.90
-84,571.05
V. Net increase of cash and cash equivalents
-36,777,970.24
-44,662,655.73
-54,436,400.60
-60,153,505.46
-begin
301,527,354.56
Add: Balance of cash and cash equivalents at the period
175,586,251.46
304,703,434.47
186,976,185.10
VI. Balance of cash and cash equivalents at the period–end
264,749,384.32
130,923,595.73
250,267,033.87
126,822,679.64
Legal Representative: Ji Zhijian Chief Financial Official: Ma Yun Person in Charge of Accounting Organization: Wang Jinxiu