润丰股份：2023年第一季度报告全文(英文版)
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
Stock code:301035 Stock abbreviation: Rainbow Agro Announcement No.: 2023-031
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
The First Quarter Report of 2023
The Company and all members of the Board of Directors warrant that the contents of the Semi-annualReport are true, accurate and complete, without false records, misleading statements or major omissions.
Prompts of Important Matters:
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior management warrant that thecontents of the Quarterly Report are true, accurate and complete, without false records, misleading statements ormajor omissions, and shall bear individual and collective legal liabilities.
2. The legal representative of the Company,the chief accountant in charge, and the chief of the accounting institution(accounting supervisor), stated that the financial report in the Quarterly Report is true, accurate and complete.
3. Whether the First Quarter Report is audited
□ Yes ?No
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
I. Key Financial Data
(1) Main accounting data and financial indicators
Whether the Company needs to retroactively adjust or restate the accounting data of previous years
□ Yes ?No
| Q1 2023 | Q1 2022 | YoY increase/decrease in this reporting period (%) | |
| Operating income (RMB) | 2,233,266,009.68 | 3,119,046,203.43 | -28.40% |
| Net profit attributable to shareholders of the Company (RMB) | 182,814,094.72 | 387,571,013.34 | -52.83% |
| Net profit attributable to shareholders of the Company excluding non-recurring gains and losses (RMB) | 182,952,103.05 | 389,050,777.23 | -52.97% |
| Net cash flow from operating activities (RMB) | -438,843,869.41 | -224,220,205.58 | -95.72% |
| Basic earnings per share (RMB/Share) | 0.66 | 1.40 | -52.86% |
| Diluted earnings per share (RMB/Share) | 0.65 | 1.39 | -53.24% |
| Weighted average return on net assets | 2.91% | 7.62% | -4.71% |
| End of Q1 2023 | End of 2022 | YoY increase/decrease at the end of this reporting period (%) | |
| Total assets (RMB) | 10,819,638,626.46 | 11,598,874,181.42 | -6.72% |
| Equity attributable to shareholders of the Company (RMB) | 6,362,719,929.70 | 6,184,265,166.56 | 2.89% |
(2) Non-recurring profit and loss items and amounts
? Applicable □ Not applicable
Unit: RMB
| Item | Amount of Q1 2023 | Notes |
| Gain and loss on disposal of non-current assets (including the write-off portion of asset impairment provision) | -3,577,780.00 | |
| 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) | 2,266,880.15 | |
| Profits and losses in fair value from trading financial assets and trading financial liabilities, as well as investment income from disposal of trading financial | 33,361.85 |
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
assets, trading financial liabilities, andfinancial assets available for sale, exceptfor effective hedging business related tothe normal operation of the Company
| assets, trading financial liabilities, and financial assets available for sale, except for effective hedging business related to the normal operation of the Company | ||
| Other non-operating revenue and expenditure other than those mentioned above | 1,351,320.43 | |
| Less: affected amount of income tax | 135,793.85 | |
| Affected amount of minority shareholders' equity (after tax) | 75,996.91 | |
| Total | -138,008.33 |
Details of other profit and loss items that meet the definition of non-recurring profit 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 asrecurring gains and losses items.
(3) Changes in major accounting data and financial indicators and reasons for such changes
? Applicable □ Not applicable
1. Balance sheet items
Unit: RMB
| Item | Friday, March 31, 2023 | Saturday, December 31, 2022 | Change | Reason for change |
| Pre-payments | 133,353,633.41 | 75,294,804.30 | 77.11% | Mainly caused by an increase in prepayment for raw material procurement during the reporting period |
| Other non-current assets | 116,865,998.62 | 69,616,034.81 | 67.87% | Mainly caused by an increase in prepayment for construction projects and equipment during the reporting period |
| Short-term loan | 666,262,377.38 | 404,206,509.66 | 64.83% | Mainly caused by an increase in trade loans during the reporting period |
| Derivative financial liabilities | 33,415,621.70 | 122,183,523.97 | -72.65% | Mainly caused by fluctuations in the value of the forward foreign exchange settlement and sale business during the reporting period |
| Contract liability | 67,781,159.59 | 46,035,630.83 | 47.24% | Mainly caused by increase in customer payments accepted in advance during the reporting period |
| Other current liabilities | 18,044,888.76 | 59,862,778.90 | -69.86% | Mainly caused by a decrease in endorsed yet undue acceptance bills during the reporting period |
2. Income statement items
Unit: RMB
| Item | January-March 2023 | January-March 2022 | Change | Reason for change |
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
Sales expenses
| Sales expenses | 75,879,447.34 | 46,948,661.90 | 61.62% | Mainly caused by increase in staff remuneration and registration fees during the reporting period |
| Financial expenses | 60,017,682.80 | 39,787,968.31 | 50.84% | Mainly caused by the increase in losses due to exchange rate fluctuations during the reporting period |
| Investment returns | -35,302,194.73 | 28,854,869.96 | -222.34% | Mainly caused by the increase in forward foreign exchange settlement losses during the reporting period |
| Income from changes in fair value | 96,528,024.70 | 7,793,443.00 | 1138.58% | Mainly caused by changes in fair value of the forward foreign exchange settlement and sale business during the reporting period |
| Credit impairment losses | 27,806,314.28 | -27,370,228.25 | 201.59% | Mainly caused by the decrease in bad debt provision for accounts receivable during the reporting period |
II. Shareholder Information
(1) The total number of common shareholders, the number of preferred shareholders with restoredvoting rights, and the shareholding status of the top ten shareholders
Unit: Share
| Number of common shareholders as of the end of Q1 2023 | 12,013 | Number of preferred shareholders whose voting rights have been restored as of the end of Q1 2023 (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 | 41.47% | 114,911,237.00 | 114,911,237.00 | Pledge | 16,100,000.00 |
| KONKIA INC | Overseas legal person | 22.08% | 61,191,800.00 | 61,191,800.00 | ||
| Shandong Rainbow Agriculture Investment Co., Ltd. | Domestic non-state-owned legal person | 4.73% | 13,105,690.00 | 13,105,690.00 | ||
| Jinan Xinbo Investment Co., Ltd. | Domestic non-state-owned legal person | 2.83% | 7,840,686.00 | 0.00 | Pledge | 6,827,700.00 |
| Pei Xubo | Domestic natural person | 2.81% | 7,800,011.00 | 0.00 | ||
| Industrial and Commercial Bank of China Co., Ltd. - BOCOM Schroder Trend Priority Hybrid Securities Investment Fund | Other | 2.74% | 7,587,490.00 | 0.00 | ||
| Hong Kong Securities Clearing Company Ltd. (HKSCC) | Overseas legal person | 2.12% | 5,863,976.00 | 0.00 | ||
| Orient | Other | 1.75% | 4,843,468.00 | 0.00 | ||
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
SecuritiesCompanyLimited -ZhonggengValue PioneerEquitySecuritiesInvestmentFund
| Securities Company Limited - Zhonggeng Value Pioneer Equity Securities Investment Fund | ||||||
| China Merchants Bank Co., Ltd. - BOCOM Schroder Qicheng Hybrid Securities Investment Fund | Other | 0.73% | 2,009,964.00 | 0.00 | ||
| China Construction Bank Corporation - Guotai Great Health Equity Securities Investment Fund | Other | 0.57% | 1,577,667.00 | 0.00 | ||
| Shareholding of top ten shareholders of unrestricted shares | ||||||
| Name of shareholder | Quantity of unrestricted shares held | Type of shares | ||||
| Type of shares | Quantity | |||||
| Jinan Xinbo Investment Co., Ltd. | 7,840,686.00 | RMB-denominated common shares | 7,840,686.00 | |||
| Pei Xubo | 7,800,011.00 | RMB-denominated common shares | 7,800,011.00 | |||
| Industrial and Commercial Bank of China Co., Ltd. - BOCOM Schroder Trend Priority Hybrid Securities Investment Fund | 7,587,490.00 | RMB-denominated common shares | 7,587,490.00 | |||
| Hong Kong Securities Clearing Company Ltd. (HKSCC) | 5,863,976.00 | RMB-denominated common shares | 5,863,976.00 | |||
| Orient Securities Company Limited - Zhonggeng Value Pioneer Equity Securities Investment Fund | 4,843,468.00 | RMB-denominated common shares | 4,843,468.00 | |||
| China Merchants Bank Co., Ltd. - BOCOM Schroder Qicheng Hybrid Securities Investment Fund | 2,009,964.00 | RMB-denominated common shares | 2,009,964.00 | |||
| China Construction Bank Corporation - Guotai Great Health Equity Securities Investment Fund | 1,577,667.00 | RMB-denominated common shares | 1,577,667.00 | |||
| Yuanxin (Zhuhai) Private Equity | 1,486,347.00 | RMB- | 1,486,347.00 | |||
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
Fund Management Co., Ltd. -Yuanxin China Value Growth No.9 Private Securities InvestmentFund
| Fund Management Co., Ltd. - Yuanxin China Value Growth No. 9 Private Securities Investment Fund | denominated common shares | |||
| Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. - Citic Capital China Value Growth No. 1 Private Securities Investment Fund | 1,008,945.00 | RMB-denominated common shares | 1,008,945.00 | |
| Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. - CITIC Capital China High Quality Enterprise Reverse Strategy Private Securities Investment Fund | 999,756.00 | RMB-denominated common shares | 999,756.00 | |
| 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 Wicky Wang, Guoqing Sun and Hongbing Qiu, the actual controllers of the Company 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 margin trading business (if any) | Pei Xubo holds 7,800,011 shares through the customer credit transaction guarantee securities account of CITIC Securities (Shandong) Co., Ltd. and 0 shares through common securities. A total of 7800011 shares are held by Pei Xubo. Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. - Yuanxin China Value Growth No. 9 Private Securities Investment Fund holds 1,486,347 shares through the customer credit trading guarantee securities account of CITIC Securities Co., Ltd., and 0 shares through common securities. A total of 1486347 shares are held by Pei Xubo. Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. - CITIC Capital China Value Growth No. 1 Private Securities Investment Fund holds 9,200 shares through China Galaxy Securities Co., Ltd.'s customer credit transaction guarantee securities account, and 999,745 shares through common securities. It holds a total of 1,008,945 shares. Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. - CITIC Capital China High Quality Enterprise Reverse Strategy Private Securities Investment Fund holds 669,813 shares through CITIC Securities Co., Ltd.'s customer credit transaction guarantee securities account and 329,943 shares through common securities. It holds a total of 999,756 shares. | |||
(2) The number of preferred shareholders and the shareholding status of the top ten shareholders
□ Applicable ?Not applicable
(3) Changes in restricted shares
? Applicable □ Not applicable
Unit: Share
| Name of shareholder | Number of restricted shares at the beginning of the period | Number of shares with restriction removed in this period | Increase in the number of restricted shares in this period | Number of restricted shares at the end of the period | Reason for restricted sale | Proposed date on which restriction is to be removed |
| Shandong Rainbow | 114,911,237.00 | 0.00 | 0.00 | 114,911,237.00 | Pre-IPO restricted | 7/28/2024 |
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
Investment Co.,Ltd
| Investment Co., Ltd | shares | |||||
| KONKIA INC | 61,191,800.00 | 0.00 | 0.00 | 61,191,800.00 | Pre-IPO restricted shares | 7/28/2024 |
| Shandong Rainbow Agriculture Investment Co., Ltd. | 13,105,690.00 | 0.00 | 0.00 | 13,105,690.00 | Pre-IPO restricted shares | 7/28/2024 |
| Shen Jie | 29,940.00 | 0.00 | 0.00 | 29,940.00 | Executive lock-in shares | During the tenure, 75% of the total number of shares held by the executive will be automatically locked every year according to regulations. |
| Xing Bingpeng | 25,335.00 | 0.00 | 0.00 | 25,335.00 | Executive lock-in shares | During the tenure, 75% of the total number of shares held by the executive will be automatically locked every year according to regulations. |
| Wang Yucui | 13,875.00 | 13,875.00 | 0.00 | 0.00 | Executive lock-in shares | The executive left office on October 8, 2021, and the locked shares held by the executive have been due in accordance with relevant regulations. |
| Li Zhiqing | 14,355.00 | 14,355.00 | 0.00 | 0.00 | Executive lock-in shares | The executive left office on September 22, 2021, and the locked shares held by the executive have been due in accordance with relevant regulations. |
| Total | 189,292,232.00 | 28,230.00 | 0.00 | 189,264,002.00 |
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
III. Other important matters
□ Applicable ?Not applicable
IV. Quarterly Financial Statements
(1) Financial statements
1. Consolidated balance sheet
Prepared by: Shandong Weifang Rainbow Chemical Co., Ltd.
Friday, March 31, 2023
Unit: RMB
| Item | Closing balance | Opening balance |
| Current assets: | ||
| Monetary funds | 3,294,825,713.21 | 3,793,952,509.17 |
| Deposit reservation for balance | ||
| Lending to banks and other financial institutions | ||
| Financial assets held for trading | 6,000,000.00 | 8,542,688.56 |
| Derivative financial assets | 7,760,760.50 | 0.00 |
| Notes receivable | 15,801,537.80 | 59,112,584.14 |
| Accounts receivable | 2,660,989,086.40 | 3,201,703,461.53 |
| Receivables financing | 0.00 | 680,000.00 |
| Pre-payments | 133,353,633.41 | 75,294,804.30 |
| Premium receivable | ||
| Re-insurance accounts receivable | ||
| Reserves for re-insurance contract receivable | ||
| Other receivables | 51,013,674.39 | 33,525,890.70 |
| Including.: interest receivable | ||
| Dividends receivable | ||
| Financial assets purchased under resale agreement | ||
| Inventory | 1,721,424,164.17 | 1,657,230,533.12 |
| Contracted assets | ||
| Assets held for sale | ||
| Non-current assets that mature within one year | ||
| Other current assets | 219,890,450.88 | 184,823,557.40 |
| Total current assets | 8,111,059,020.76 | 9,014,866,028.92 |
| Non-current assets: | ||
| Disbursed loans and advances | ||
| Debt investments | ||
| Other debt investment | ||
| Long-term receivables | ||
| Long-term equity investment | 1,638,078.09 | 1,669,386.12 |
| Other equity instrument investment | ||
| Other non-current financial assets | ||
| Investment real estate | 8,980,298.99 | 9,136,334.57 |
| Fixed assets | 1,813,996,700.61 | 1,691,830,176.47 |
| Construction in progress | 319,191,032.09 | 360,840,138.91 |
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
Productive biological assets
| Productive biological assets | ||
| Oil and gas assets | ||
| Assets with rights of use | 15,565,583.72 | 15,379,959.49 |
| Intangible assets | 227,444,491.13 | 226,245,165.26 |
| Development expenditure | ||
| Goodwill | 94,866,025.56 | 94,866,025.56 |
| Long-term deferred expenses | 29,769,407.18 | 31,898,939.40 |
| Deferred income tax assets | 80,261,989.71 | 82,525,991.91 |
| Other non-current assets | 116,865,998.62 | 69,616,034.81 |
| Total non-current assets | 2,708,579,605.70 | 2,584,008,152.50 |
| Total assets | 10,819,638,626.46 | 11,598,874,181.42 |
| Current liabilities: | ||
| Short-term loan | 666,262,377.38 | 404,206,509.66 |
| Borrowings from the central bank | ||
| Borrowing from banks and financial institutions | ||
| Financial liabilities held for trading | ||
| Derivative financial liabilities | 33,415,621.70 | 122,183,523.97 |
| Notes payable | 2,413,359,439.16 | 3,367,152,536.58 |
| Accounts payable | 668,845,757.72 | 753,042,513.89 |
| Advance receipts | 2,249,441.47 | 254,920.26 |
| Contract liability | 67,781,159.59 | 46,035,630.83 |
| 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 | 133,233,737.36 | 191,738,722.30 |
| Taxes payable | 91,639,650.72 | 106,896,314.07 |
| Other payables | 45,036,237.12 | 43,899,535.81 |
| Including: Interests payable | ||
| Dividends payable | ||
| Charges and commissions payable | ||
| Re-insurance accounts payable | ||
| Liabilities held for sale | ||
| Non-current liabilities due within one year | 20,392,363.00 | 21,399,902.40 |
| Other current liabilities | 18,044,888.76 | 59,862,778.90 |
| Total current liabilities | 4,160,260,673.98 | 5,116,672,888.67 |
| Non-current liabilities: | ||
| Provision for insurance contracts | ||
| Long-term loan | 13,213,253.01 | 17,176,777.87 |
| Bonds payable | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Lease liability | 7,694,813.89 | 8,595,962.05 |
| Long-term payables | ||
| Long-term payroll payable | ||
| Accrued liabilities | ||
| Deferred income | 13,245,148.73 | 13,755,569.25 |
| Deferred income tax liabilities | 56,583,458.17 | 55,449,975.77 |
| Other non-current liabilities | ||
| Total non-current liabilities | 90,736,673.80 | 94,978,284.94 |
| Total liabilities | 4,250,997,347.78 | 5,211,651,173.61 |
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
Owner’s equity:
| Owner’s equity: | ||
| Share capital | 277,115,744.00 | 277,115,744.00 |
| Other equity instruments | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Capital reserve | 2,313,713,150.92 | 2,301,293,600.92 |
| Less: Treasury stock | ||
| Other comprehensive income | -17,239,081.06 | 5,821,782.13 |
| Special reserve | 25,832,989.23 | 19,551,007.62 |
| Surplus reserve | 158,674,657.07 | 158,674,657.07 |
| General risk reserve | ||
| Undistributed profit | 3,604,622,469.54 | 3,421,808,374.82 |
| Total owners' equity attributed to parent company | 6,362,719,929.70 | 6,184,265,166.56 |
| Minority shareholder’s interest | 205,921,348.98 | 202,957,841.25 |
| Total owner’s equity | 6,568,641,278.68 | 6,387,223,007.81 |
| Total liabilities and owners’ equity | 10,819,638,626.46 | 11,598,874,181.42 |
Legal Representative:Wicky Wang Chief Accountant in Charge:Xing Bingpeng Chief of Accounting Institution:Zhang Baolin
2. Consolidated income statement
Unit: RMB
| Item | Amount incurred in Q1 2023 | Amount incurred in Q4 2022 |
| I. Gross Operating Income | 2,233,266,009.68 | 3,119,046,203.43 |
| Including: Operating income | 2,233,266,009.68 | 3,119,046,203.43 |
| Interest income | ||
| Premium earned | ||
| Handling charges and commissions income | ||
| II. Total Operating Costs | 2,118,502,804.32 | 2,683,271,106.81 |
| Including: Costs of business | 1,814,538,181.24 | 2,407,497,426.79 |
| 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 | 9,314,127.45 | 4,284,721.90 |
| Sales expenses | 75,879,447.34 | 46,948,661.90 |
| Management expenses | 102,590,984.82 | 95,729,283.94 |
| R&D expenditures | 56,162,380.67 | 89,023,043.97 |
| Financial expenses | 60,017,682.80 | 39,787,968.31 |
| Including: Interest expenses | 5,399,475.19 | 3,963,794.98 |
| Interest income | 15,704,126.01 | 12,370,112.07 |
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
Add: Other incomes
| Add: Other incomes | 2,246,880.15 | 830,854.19 |
| Income from investment (“－” for loss) | -35,302,194.73 | 28,854,869.96 |
| Including: Income from investment in associated enterprises and joint ventures | -31,308.03 | -154,582.20 |
| Income recognized 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) | 96,528,024.70 | 7,793,443.00 |
| Credit impairment losses ("-" for loss) | 27,806,314.28 | -27,370,228.25 |
| Asset impairment losses ("-" for loss) | -1,406,215.58 | -82,433.27 |
| Gains from asset disposal ("-" for loss) | ||
| III. Operating Profit ("-" for loss) | 204,636,014.18 | 445,801,602.25 |
| Add: Non-operating income | 3,582,516.56 | 7,403,049.27 |
| Less: Non-operating expenses | 5,029,861.03 | 10,541,457.40 |
| IV. Total Profit Before Tax (“-” for total losses) | 203,188,669.71 | 442,663,194.12 |
| Less: Income tax expenses | 9,733,671.77 | 50,034,413.97 |
| V. Net Profit ("-" for net loss) | 193,454,997.94 | 392,628,780.15 |
| (I) Classification by business continuity | ||
| 1. Net profit from continuing operations (“-” for net loss) | 193,454,997.94 | 392,628,780.15 |
| 2. Net profit from discontinued operations (“-” for net loss) | ||
| (II) Classification by ownership | ||
| 1. Net profit attributable to the owners of the parent company | 182,814,094.72 | 387,571,013.34 |
| 2. Profit or loss of minority shareholders | 10,640,903.22 | 5,057,766.81 |
| VI. Net Amount after Tax of Other Comprehensive Income | -30,738,258.68 | -30,865,238.01 |
| Net amount of other comprehensive income after tax attributed to the owners of parent company | -23,060,863.19 | -30,462,449.43 |
| (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 |
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
4. Changes in the fair value of the
credit risk of the enterprise
| 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 | -23,060,863.19 | -30,462,449.43 |
| 1. Other comprehensive income that can be converted to profit or loss under the equity method | ||
| 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 | -23,060,863.19 | -30,462,449.43 |
| 7. Other | ||
| Net amount of other comprehensive income after tax attributed to minority shareholders | -7,677,395.49 | -402,788.58 |
| VII. Total Comprehensive Income | 162,716,739.26 | 361,763,542.14 |
| Total comprehensive income attributed to parent company owners | 159,753,231.53 | 357,108,563.91 |
| Total comprehensive income attributed to minority shareholders | 2,963,507.73 | 4,654,978.23 |
| VIII. Earnings per Share: | ||
| (i) Basic earnings per share | 0.66 | 1.40 |
| (ii) Diluted earnings per share | 0.65 | 1.39 |
Legal Representative:Wicky Wang Chief Accountant in Charge:Xing Bingpeng Chief of Accounting Institution:Zhang Baolin
3. Consolidated cash flow statement
Unit: RMB
| Item | Amount incurred in Q1 2023 | Amount incurred in Q4 2022 |
| I. Cash Flows Generated from Operating Activities: | ||
| Cash received from sales of goods and services | 2,869,711,130.95 | 2,674,661,553.48 |
| 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' |
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
deposits and investments
| 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 trading brokerage | ||
| Cash receipts from tax refunds | 178,247,213.87 | 208,311,086.55 |
| Cash received relating to other operating activities | 21,452,425.86 | 16,271,111.44 |
| Subtotal of cash inflow in business activities | 3,069,410,770.68 | 2,899,243,751.47 |
| Cash payments for goods acquired and services received | 2,919,345,383.14 | 2,733,487,476.20 |
| 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 | 209,366,726.26 | 158,812,743.71 |
| Cash payments for taxes | 66,508,397.97 | 70,510,904.78 |
| Other cash payments relating to operating activities | 313,034,132.72 | 160,652,832.36 |
| Subtotal of cash outflow in business activities | 3,508,254,640.09 | 3,123,463,957.05 |
| Net cash flow from operating activities | -438,843,869.41 | -224,220,205.58 |
| II. Cash Flows from Investing Activities: | ||
| Cash receipts from investment withdrawal | ||
| Cash receipts from return on investments | ||
| Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets | 983,079.15 | 7,803,621.71 |
| Net cash receipts from disposal of subsidiary or any other business unit | ||
| Other cash receipts relating to investing activities | 29,157,529.54 | |
| Subtotal of cash inflow in investment activities | 983,079.15 | 36,961,151.25 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 187,607,144.42 | 66,081,447.96 |
| Cash payments for investment |
To be a Global Leading Crop Protection Company
To be a Global Leading Crop Protection Company
Net increase in pledged loans
| 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 | 34,437,195.75 | |
| Subtotal of cash outflow in investment activities | 222,044,340.17 | 72,766,144.76 |
| Net cash flow in investment activities | -221,061,261.02 | -35,804,993.51 |
| III. Cash Flows from Financing Activities: | ||
| Cash received from capital contributions | 2,554,868.00 | |
| Including: Cash received from investment of minority shareholder from subsidiary | ||
| Cash receipts from borrowings | 312,883,880.00 | 122,562,192.80 |
| Other cash receipts relating to financing activities | 436,918,713.08 | 123,407,991.75 |
| Subtotal of cash inflow in financing activities | 749,802,593.08 | 248,525,052.55 |
| Cash repayments of borrowings | 96,010,893.21 | 120,047,586.17 |
| Cash payments for distribution of dividends, profits, or cash payments for interest expenses | 4,468,839.39 | 3,643,273.78 |
| Including: Dividends and profits paid to minority shareholders by subsidiaries | ||
| Other cash paid related to financing activities | ||
| Subtotal of cash outflow in financing activities | 100,479,732.60 | 123,690,859.95 |
| Net cash flow from financing activities | 649,322,860.48 | 124,834,192.60 |
| IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents | -11,563,948.54 | -3,151,518.74 |
| V. Net Increase in Cash and Cash Equivalents | -22,146,218.49 | -138,342,525.23 |
| Add: Beginning balance of cash and cash equivalents | 2,076,062,785.79 | 2,032,302,255.51 |
| VI. Closing Balance of Cash and Cash Equivalents | 2,053,916,567.30 | 1,893,959,730.28 |
(2) Audit report
Whether the First Quarter Report is audited
□ Yes ?No
The Company's First Quarter Report has not been audited.
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
Board of DirectorsFriday, May 05, 2023
附件：公告原文