大 冷Ｂ：第一季度报告全文（英文版） .ppt

to,to,DALIAN REFRIGERATION CO.,LTD.QUARTERLY REPORT FOR FIRST QUARTER,20111 Important Notes1.1 The directors and the Board of Directors,the supervisors and the Supervisory Board,andSenior staff members of Dalian Refrigeration Co.,Ltd.(hereinafter referred to as the Company)hereby confirm that there are no any important omissions,fictitious statements or seriousmisleading carried in this report,and shall take all responsibilities,individual and/or joint,for thereality,accuracy and completeness of the whole contents.1.2 The Companys quarterly financial report has not been audited.1.3 Chairman of the Board of Directors of the Company Mr.Zhang He,Financial Majordomo andthe head of Accounting Department Ms.Xu Junrao hereby confirm that the financial report of thequarterly report is true and complete.1.4 This report is written respectively in Chinese and in English.In the event of any discrepancybetween the two above-mentioned versions,the Chinese version shall prevail.2 Company Profile2.1 Major accounting data and financial indexes,By the end of thereport period,By the end of lastyear,Increase/decrease overthe end of last year(%),Total assetsOwners equity attributableshareholders of listed companiesShare capitalNet assets per share attributable toshareholders of listed companiesTotal operating incomeNet profit attributableshareholders of listed companiesNet cash generated from operatingactivitiesNet cash per share generated fromoperating activitiesBasic earnings per shareDiluted earnings per shareReturn on equityROE after deducting non-recurringgains/losses,3,030,001,190.071,741,410,778.36350,014,975.004.98Report period391,702,895.5514,537,035.7432,412,671.070.090.040.040.84%0.82%,2,912,380,523.591,726,095,242.62350,014,975.004.93From beginning ofyear to the end ofreport period281,828,260.9210,515,144.723,969,725.850.010.030.030.62%0.61%,4.04%0.89%0.00%1.01%Increase/decrease overthe same period of lastyear(%)38.99%38.25%716.50%800.00%33.33%33.33%Increase 0.22 percentage pointsIncrease 0.21 percentage points,1,A,B,B,A,A,A,A,A,A,B,Item of non-recurring gains and lossesNon-operating income and expense,netIncome tax effectMinority shareholders gains and lossesTotal,Amount from beginning of year to the end ofreport period716,049.96-180,054.29-215,148.50320,847.17,2.2 Total number and particulars of the shareholders by the end of the report period,Total shareholders at the end of report periodParticulars about shares held by the top ten negotiable shareholders not subject to conditional sales,36,937,Name of shareholderDalian Bingshan Group Co.,Ltd.SANYO ELECTRIC CO.,LTD.DREYFUS GREATER CHINA FDSYWG BNP Paribas New Power Stock FundMANULIFE TEDA Leading Mid-cap and Small-cap Stock FundHua An Mid-cap and Small-cap Growth Stock FundLion Growth Stock FundBosera Venture Growth Stock FundEverbright Securities Co.,Ltd.RENAISSANCE CHINA PLUS FUND,EOY(shares)57,641,76235,001,50016,238,8188,549,2874,329,3403,449,6073,240,5922,249,9152,148,5612,115,285,Type,3 Important Matters3.1 Major changes in main financial items and indexes,and description of the cause Applicable Inapplicable1.The receipts in advance increased remarkably in comparison with the beginning of year mainlydue to increase of the order volume received by the Company.2.The wages&welfarism payable to employees decreased remarkably in comparison with thebeginning of year mainly due to payment of the provision for wages&welfarism payable toemployees allotted at the end of the previous period in this period.3.The amount of taxes payable increased remarkably mainly due to increase of the profit.4.The incomes on business increased remarkably mainly due to the great market demand and theCompanys putting more efforts to development of the market.5.The profit on business increased remarkably mainly due to remarkable increase of theCompanys incomes on business.3.2 Analytic description of major matters,their influence and solutions Applicable Inapplicable2,3.3 Undertaking matters for trial sales of state shares and implementation Applicable InapplicableExcept the immature condition of being implementation for management share incentive scheme,Dalian Bingshan Group strictly perform the commitment in share reform.3.4 Precautions on forecasting that by the beginning of year till the end of the next report period,the accumulated net profit may be turned into loss or change greatly compared with that in thesame period of the last year,and description of the cause Applicable Inapplicable3.5 Other important events3.5.1 Securities investmentApplicable Inapplicable3.5.2 Table of investigation,communication,interview receivedDiscussion topic,Reception time Reception location Reception form,Received objects,and providedinformation,Jan.7,2011,Companys office By telephone,CITIC Securities researchers,Jan.12,2011,Companys office Field investigation,Prime Capital Management Co.,Ltd.sresearchers,Information,Feb.11,2011,Companys office By telephone,Shenyin Wanguo Securities researchers about the,Feb.15,2011Feb.16,2011Feb.25,2011Mar.11,2011,Companys office Field investigationCompanys office Field investigationCompanys office Field investigationCompanys office Field investigation,Orient Securities researchersWanjia Funds researchersFidelity Funds researchersChina AMCs researchers,fundamentals ofthe Company,4 Financial Report(attached)Not audited.Board of Directors of Dalian Refrigeration Co.,Ltd.April 15,20113,BALANCE SHEET,Prepared by Dalian Refrigeration Co.,Ltd.,March 31,2011,Unit:RMB,March 31,2011,Dec.31,2010,Assets,Consolidation,Parent Company,Consolidation,Parent Company,Current assets:,Monetary funds,518,981,533.03,413,673,772.42,491,775,575.71,373,620,785.42,Transaction finance asset,Notes receivableAccounts receivableAccounts in advanceDividend receivableOther receivablesInventories,54,305,809.55454,531,034.8233,556,560.8623,713,089.44359,053,036.11,36,084,948.12259,881,171.927,785,808.141,895,196.919,398,610.05215,195,901.01,56,479,888.76390,976,267.0626,314,393.8527,875.0018,701,693.90347,022,118.02,49,784,046.02214,541,164.107,366,672.201,895,196.918,559,690.90225,531,781.02,Non-current asset due withinone yearOther current assets,Total current assets,1,444,141,063.81,943,915,408.57,1,331,297,812.30,881,299,336.57,Non-current assets:,Finance asset held availablefor salesLong-term equity investment,6,846,000.001,012,588,723.24,6,846,000.001,142,636,952.16,5,808,000.001,005,117,178.44,5,808,000.001,135,594,407.36,Investment property,Fixed assetsConstruction in progress,353,162,597.7723,643,667.71,187,912,645.5914,023,810.00,358,624,031.5220,965,359.70,192,591,756.9211,475,403.00,Engineering materialDisposal of fixed asset,Intangible assets,173,250,128.83,103,424,543.99,174,288,663.96,104,068,094.85,Expense on Research andDevelopmentGoodwill,Long-term expenses to beapportionedDeferred income tax asset,3,423,855.6812,945,153.03,2,822,111.306,018,225.85,3,258,475.2613,021,002.41,2,852,348.216,018,225.85,Other non-current asset,Total non-current assetTotal assets,1,585,860,126.263,030,001,190.07,1,463,684,288.892,407,599,697.46,1,581,082,711.292,912,380,523.59,1,458,408,236.192,339,707,572.76,4,BALANCE SHEET(CONTINUED),Liabilities and shareholders equityCurrent liabilities:,March 31,2011Consolidation Parent Company,Dec.31,2010Consolidation Parent Company,Short-term loans,63,000,000.00,50,000,000.00,63,000,000.00,50,000,000.00,Transaction financial liabilities,Notes payableAccounts payableAccounts received in advanceWage payableTaxes payableDividend payableOther accounts payable,133,797,383.86463,122,969.93347,664,699.5723,061,168.988,256,258.161,345,383.2440,652,547.46,102,249,334.81303,496,674.36199,928,672.741,157,444.664,034,282.95533,156.0015,767,081.88,112,902,026.83452,300,932.97259,326,042.9942,953,092.003,363,873.431,345,383.2446,435,002.51,82,819,852.85302,583,777.60155,923,536.1617,605,092.59-97,556.60533,156.0013,647,561.23,Non-current liabilities due withinone year,Other current liabilitiesTotal current liabilities,1,699,101.001,082,599,512.20,585,101.00677,751,748.40,1,699,101.00983,325,454.97,585,101.00623,600,520.83,Non-current liabilities:,Long-term loans,10,200,000.00,10,200,000.00,10,200,000.00,10,200,000.00,Projected liabilities,Deferred income tax liabilitiesOther non-current liabilitiesTotal non-current liabilitiesTotal liabilities,1,563,571.0098,787,859.27110,551,430.271,193,150,942.47,1,563,571.0048,936,347.2760,699,918.27738,451,666.67,1,304,071.0099,066,350.27110,570,421.271,093,895,876.24,1,304,071.0048,936,347.2760,440,418.27684,040,939.10,Shareholders equity,Share capitalCapital public reserve,350,014,975.00591,561,685.25,350,014,975.00590,332,757.63,350,014,975.00590,783,185.25,350,014,975.00589,554,257.63,Less:Inventory shares,Surplus public reserveRetained profitTotal owners equity attributable toparent companyMinority interestsTotal owners equityTotal liabilities and shareholders equity,421,079,823.34378,754,294.771,741,410,778.3695,439,469.241,836,850,247.603,030,001,190.07,421,079,823.34307,720,474.821,669,148,030.791,669,148,030.792,407,599,697.46,421,079,823.34364,217,259.031,726,095,242.6292,389,404.731,818,484,647.352,912,380,523.59,421,079,823.34295,017,577.691,655,666,633.661,655,666,633.662,339,707,572.76,5,Items,to,INCOME STATEMENT,Prepared by Dalian Refrigeration Co.,Ltd.,January-March,2011,Unit:RMB,January-March,2011Consolidation Parent Company,January-March,2010Consolidation Parent Company,I.Total salesIncluding:Operating incomeII.Total operating costIncluding:Operating costTaxes and associate chargesSelling and distribution expensesAdministrative expensesFinancial expenseImpairment loss,391,702,895.55391,702,895.55379,683,003.86317,853,432.181,564,240.0917,670,553.2640,362,445.90707,074.841,525,257.59,253,198,029.96253,198,029.96245,646,902.70215,509,662.82770,149.206,299,060.7222,462,171.32605,858.64,281,828,260.92281,828,260.92274,105,889.86220,982,477.51663,198.4415,466,246.4533,373,811.96590,817.463,029,338.04,167,961,069.77167,961,069.77167,712,789.58140,492,743.66311,462.426,699,073.2319,742,811.70466,698.57,Add:gain from change in fair value,Gain/(loss)from investment,7,042,544.80,7,042,544.80,6,124,583.65,6,102,283.65,Including:income form investment on,affiliated,enterprise,and,jointly,7,042,544.80,7,042,544.80,6,102,283.65,6,102,283.65,enterpriseForeign exchange difference,III.Operating profitAdd:non-business incomeLess:non-business expenseIncluding:loss from non-current assetdisposalIV.Total profitLess:Income taxV.Net profit,19,062,436.491,045,415.1329,173.012,359.0020,078,678.613,052,991.0217,025,687.59,14,593,672.06108.414,036.5614,589,743.911,886,846.7812,702,897.13,13,846,954.711,187,646.54185,189.01151,383.4514,849,412.241,415,006.1613,434,406.08,6,350,563.84277,049.84151,383.45151,383.456,476,230.2383,081.656,393,148.58,Net profitcompany,attributable,parent,14,537,035.74,12,702,897.13,10,515,144.72,6,393,148.58,Minority shareholders gains and lossesVI.Earnings per share(I)basic earnings per share(II)diluted earnings per share,2,488,651.850.040.04,2,919,261.360.030.03,.Other comprehensive income.Total comprehensive income,778,500.0017,804,187.59,778,500.0013,481,397.13,6,809,400.0020,243,806.08,6,809,400.0013,202,548.58,Total comprehensiveattributable to parent company,income,15,315,535.74,13,481,397.13,17,324,544.72,13,202,548.58,Total comprehensive incomeattributable to minority shareholders,2,488,651.856,2,919,261.36,CASH FLOW STATEMENT,Prepared by Dalian Refrigeration Co.,Ltd.,January-March,2011January-March,2011,Unit:RMBJanuary-March,2010,Items,Consolidation,Parent Company,Consolidation,Parent Company,I.Cash flows arising from operating activities:,Cash received from selling commodities andproviding labor services,408,869,620.25,255,280,986.92,310,055,149.83,174,880,591.05,Write-back of tax received,264,021.53,Other cash received concerning operatingactivitiesSubtotal of cash inflow arising fromoperating activitiesCash paid for purchasing commodities andreceiving labor serviceCash paid to/for staff and workersTaxes paidOther cash paid concerning operating activitiesSubtotal of cash outflow arising fromoperating activitiesNet cash flows arising from operatingactivities,9,851,456.95418,721,077.20260,442,075.7166,448,921.4821,893,482.4337,523,926.51386,308,406.1332,412,671.07,6,582,649.99261,863,636.91147,160,027.1039,588,357.5212,596,763.6218,316,500.95217,661,649.1944,201,987.72,15,047,153.64325,366,325.00221,180,466.1656,201,203.1418,873,395.5225,141,534.33321,396,599.153,969,725.85,10,643,806.06185,524,397.11137,788,731.4337,629,852.0512,587,870.5715,428,580.94203,435,034.99-17,910,637.88,II.Cash flows arising from investing activities:Cash received from recovering investment,Cash received from investment income,27,875.00,Net cash received from disposal of fixed,intangible and other long-term assets,1,966.00,1,966.00,16,000.00,16,000.00,Other cash received concerning investingactivities,Subtotal of cash inflow from investingactivitiesCash paid for purchasing fixed,intangible andother long-term assets,29,841.005,832,708.30,1,966.003,409,194.62,16,000.0010,340,062.81,16,000.00764,256.00,Cash paid for investmentOther cash paid concerning investing activities,Subtotal of cash outflow from investingactivitiesNet cash flows arising from investingactivitiesIII.Cashflowsarisingfrom financing,5,832,708.30-5,802,867.30,3,409,194.62-3,407,228.62,10,340,062.81-10,324,062.81,764,256.00-748,256.00,activitiesCash received from absorbing investment,Cash received from loans,1,500,000.00,10,200,000.00,10,200,000.00,7,Other cash received concerning financingactivities,Subtotal of cash inflow from financingactivitiesCash paid for settling debts,1,500,000.00,10,200,000.002,245,000.00,10,200,000.00,Cash paid for dividend and profit distributingor interest payingOther cash paid concerning financing activitiesSubtotal of cash outflow from financingactivitiesNet cash flows arising from financingactivitiesIV.Influence on cash due to fluctuation inexchange rateV.Net increase of cash and cash equivalentsAdd:Balance of cash and cash equivalents atthe period-beginVI.Balance of cash and cash equivalents at theperiodend,834,613.0473,432.05908,045.09591,954.914,198.6427,205,957.32491,775,575.71518,981,533.03,741,774.99741,774.99-741,774.992.8940,052,987.00373,620,785.42413,673,772.42,5,177,366.12102,861.287,525,227.402,674,772.607,432.31-3,672,132.05403,139,585.35399,467,453.30,708,545.00708,545.009,491,455.00-6.64-9,167,445.52304,973,089.79295,805,644.27,8,