润丰股份：2024年第一季度经营概要(英文版)
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
SHANDONG WEIFANG RAINBOW CHEMICAL CO., LTDOperating Summary for the First Quarter of 2024
The Company and all members of the Board of Directors warrant that the contents of the Semi-annual Report are true,accurate and complete, without false records, misleading statements or major omissions.
Important Notes:
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior management warrant that the contents of theQuarterly Report are true, accurate and complete, without false records, misleading statements or major omissions, and shallbear 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
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
I. Key Financial Data(I) Key Accounting Data and Financial IndicatorsWhether the Company needs to retroactively adjust or restate the accounting data of previous years
□ Yes ?No
| Q1 2024 | Q1 2023 | Year-on-year increase or decrease (%) | |
| Operating income (RMB) | 2,693,191,598.95 | 2,233,266,009.68 | 20.59% |
| Net profit attributable to shareholders of the Company (RMB) | 152,843,351.25 | 182,814,094.72 | -16.39% |
| Net profit attributable to shareholders of the Company excluding non-recurring gains and losses (RMB) | 151,462,097.05 | 182,952,103.05 | -17.21% |
| Net cash flow from operating activities (RMB) | -297,983,503.10 | -438,843,869.41 | 32.10% |
| Basic earnings per share (RMB/Share) | 0.55 | 0.66 | -16.67% |
| Diluted earnings per share (RMB/Share) | 0.54 | 0.65 | -16.92% |
| Weighted average return on net assets | 2.29% | 2.91% | -0.62% |
| End of Q1 2024 | End of 2023 | Increase/Decrease at the end of the current reporting period compared with the end of the previous year (%) | |
| Total assets (RMB) | 15,058,876,550.60 | 14,897,954,098.13 | 1.08% |
| Equity attributable to shareholders of the Company (RMB) | 6,795,513,988.12 | 6,546,153,851.24 | 3.81% |
(II) Items and Amounts of Non-recurring Gains and Losses
? Applicable □ Not applicable
Unit: RMB
| Item | Amount of Q1 2024 | Notes |
| Gains and losses on disposal of non-current assets (including write-offs of asset impairment provisions) | 116,607.39 | |
| Government subsidies included in the current gains and losses (excluding the government subsidies closely related to regular businesses of the Company, in line with national policies, received by a standard quota or quantity, and consecutively affecting the Company's gains and losses) | 1,834,359.29 | |
| Gains and losses arising from changes in the fair value of financial assets and | 31,929.16 |
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
liabilities held by non-financialcompanies, and gains and losses fromthe disposal of financial assets andliabilities, other than the effectivehedging business related to the normaloperation of the Company
| liabilities held by non-financial companies, and gains and losses from the disposal of financial assets and liabilities, other than the effective hedging business related to the normal operation of the Company | ||
| Other non-operating revenue and expenditure other than those mentioned above | -325,600.88 | |
| Less: affected amount of income tax | 248,594.24 | |
| Affected amount of minority shareholders' equity (after tax) | 27,446.52 | |
| Total | 1,381,254.20 | -- |
Other gains and losses items that meet the definition of non-recurring gains and losses
□ 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 items
| Item | March 31, 2024 | December 31, 2023 | Percentage of change (%) | Reason for change |
| Notes receivable | 26,894,863.25 | 55,955,879.66 | -51.94% | Mainly due to the decrease in endorsed promissory notes outstanding during the reporting period |
| Pre-payments | 247,513,918.87 | 129,020,462.65 | 91.84% | Mainly due to the increase in pre-payments for materials during the reporting period |
| Development expenditure | 86,991,768.53 | 36,791,601.49 | 136.44% | Mainly due to the increase in capitalized expenditures such as test fees related to partial registration during the reporting period |
| Short-term loan | 3,007,176,826.17 | 2,261,455,023.95 | 32.98% | Mainly due to the increase in bank borrowings during the reporting period |
| Derivative financial liabilities | 0.00 | 4,141,579.45 | -100.00% | Mainly due to the value fluctuation of forward exchange settlement |
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
business during thereporting period
| business during the reporting period | ||||
| Advance receipts | 490,412.00 | 232,358.87 | 111.06% | Mainly due to the increase in rent of Runke's building during the reporting period |
| Contract liability | 46,778,786.28 | 29,592,998.73 | 58.07% | Mainly caused by increase in customer payments accepted in advance during the reporting period |
| Taxes payable | 125,548,394.22 | 77,730,510.55 | 61.52% | Mainly due to the increase in tax payable during the reporting period |
| Non-current liabilities due within one year | 4,560,445.18 | 9,623,075.76 | -52.61% | Mainly due to the decrease in long-term loans due within one year during the reporting period |
| Other current liabilities | 23,007,785.61 | 57,442,707.33 | -59.95% | Mainly due to the decrease in endorsed promissory notes outstanding during the reporting period |
| Long-term loan | 111,160,672.69 | 77,624,331.91 | 43.20% | Mainly due to the increase in borrowings of the subsidiary Ningxia Gerui during the reporting period |
2. Income statement items
| Item | January-March 2024 | January-March 2023 | Percentage of change (%) | Reason for change |
| Sales expenses | 136,012,126.19 | 75,879,447.34 | 79.25% | Mainly due to the increase in overseas market expansion expenses, employee remunerations and registration expenses during the reporting period |
| R&D expenditures | 36,086,891.09 | 56,162,380.67 | -35.75% | Mainly due to the decrease in R&D costs and expenses caused by the decrease in R&D material prices during the reporting period |
| Investment returns | 5,221,370.46 | -35,302,194.73 | 114.79% | Mainly due to investment income from disposal of derivative financial assets during the reporting period |
| Income from changes in fair value | 8,508,624.49 | 96,528,024.70 | -91.19% | Mainly due to the changes in fair value of derivative financial assets during the reporting period |
| Credit impairment losses | -15,533,971.25 | 27,806,314.28 | -155.86% | Mainly due to credit impairment losses of accounts receivable during the reporting period |
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
Asset impairment losses
| Asset impairment losses | -534,514.34 | -1,406,215.58 | 61.99% | Mainly due to reserve for inventory depreciation during the reporting period |
| Income tax expenses | 24,726,415.53 | 9,733,671.77 | 154.03% | Mainly due to the increase in deferred income tax arising from the offsetting of unrealized internal trading gains and losses during the reporting period |
3. Cash flow statement items
| Item | January-March 2024 | January-March 2023 | Percentage of change (%) | Reason for change |
| Net cash flow from operating activities | -297,983,503.10 | -438,843,869.41 | 32.10% | Mainly due to the year-on-year decrease in collected payments |
| Net cash flow from financing activities | 283,264,392.84 | 649,322,860.48 | -56.38% | Mainly due to the increase in cash paid for repayment of bank borrowings |
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 Q1 2024 | 6,225 | Number of preferred shareholders whose voting rights have been restored as of the end of Q1 2024 (if any) | 0 | |||
| Shareholdings of the top 10 shareholders (excluding shares lent through stock pledge repos) | ||||||
| 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 | 41.24% | 114,911,237.00 | 114,911,237.00 | Pledge | 22,880,000.00 |
| KONKIA INC | Overseas legal person | 21.96% | 61,191,800.00 | 61,191,800.00 | Not applicable | 0.00 |
| Shandong Rainbow Agriculture Investment Co., Ltd. | Domestic non-state-owned legal person | 4.70% | 13,105,690.00 | 13,105,690.00 | Not applicable | 0.00 |
| Jinan Xinbo Investment Co., Ltd. | Domestic non-state-owned legal person | 2.81% | 7,840,686.00 | 0.00 | Pledge | 6,827,700.00 |
| Pei Xubo | Domestic natural person | 2.80% | 7,799,613.00 | 0.00 | Not applicable | 0.00 |
| Orient Securities Company | Other | 2.79% | 7,780,085.00 | 0.00 | Not applicable | 0.00 |
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
Limited -ZhonggengValue PioneerEquitySecuritiesInvestmentFund
| Limited - Zhonggeng Value Pioneer Equity Securities Investment Fund | ||||||
| Industrial and Commercial Bank of China Co., Ltd. - BOCOM Schroder Trend Priority Hybrid Securities Investment Fund | Other | 2.67% | 7,428,254.00 | 0.00 | Not applicable | 0.00 |
| China Merchants Bank Co., Ltd. - BOCOM Schroder Qicheng Hybrid Securities Investment Fund | Other | 1.08% | 3,004,957.00 | 0.00 | Not applicable | 0.00 |
| Industrial and Commercial Bank of China Co., Ltd. - E Fund ChiNext Trading Open-End Index Securities Investment Fund | Other | 0.66% | 1,832,083.00 | 0.00 | Not applicable | 0.00 |
| Guotai Asset Management Co., Ltd. - Social Security Fund 421 | Other | 0.54% | 1,500,241.00 | 0.00 | Not applicable | 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 | 7,799,613.00 | RMB-denominated common shares | 7,799,613.00 | |||
| Orient Securities Company Limited - Zhonggeng Value Pioneer Equity Securities Investment Fund | 7,780,085.00 | RMB-denominated common shares | 7,780,085.00 | |||
| Industrial and Commercial Bank of | 7,428,254.00 | RMB- | 7,428,254.00 | |||
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
China Co., Ltd. - BOCOM SchroderTrend Priority Hybrid SecuritiesInvestment Fund
| China Co., Ltd. - BOCOM Schroder Trend Priority Hybrid Securities Investment Fund | denominated common shares | |||
| China Merchants Bank Co., Ltd. - BOCOM Schroder Qicheng Hybrid Securities Investment Fund | 3,004,957.00 | RMB-denominated common shares | 3,004,957.00 | |
| Industrial and Commercial Bank of China Co., Ltd. - E Fund ChiNext Trading Open-End Index Securities Investment Fund | 1,832,083.00 | RMB-denominated common shares | 1,832,083.00 | |
| Guotai Asset Management Co., Ltd. - Social Security Fund 421 | 1,500,241.00 | RMB-denominated common shares | 1,500,241.00 | |
| Hong Kong Securities Clearing Company Ltd. (HKSCC) | 1,498,300.00 | RMB-denominated common shares | 1,498,300.00 | |
| China Construction Bank Corporation - Guotai Great Health Equity Securities Investment Fund | 1,389,088.00 | RMB-denominated common shares | 1,389,088.00 | |
| Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. - Yuanxin China Value Growth No. 9 Private Securities Investment Fund | 1,350,024.00 | RMB-denominated common shares | 1,350,024.00 | |
| Explanation of the above-mentioned shareholder relationship or concerted action | 1. Shandong Runyuan Investment Co., Ltd., KONKIA INC, Shandong Rainbow Agrosciences Investment Co., Ltd. are enterprises controlled by Wicky Wang, Sun Guoqing and Qiu Hongbing, the actual controllers of the Company. 2. The Company is not aware 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) | 1. Pei Xubo holds 6,799,613 shares through the customer credit transaction guarantee securities account of CITIC Securities (Shandong) Co., Ltd., and 1,000,000 shares through common securities. A total of 7,799,613 shares are held by Pei Xubo. 2. Yuanxin (Zhuhai) Private Equity Fund Management Co., Ltd. - Yuanxin China Value Growth No. 9 Private Securities Investment Fund holds 1,350,024 shares through the customer credit transaction guarantee securities account of CITIC Securities Co., Ltd., and 0 shares through common securities, totaling 1,350,024 shares. | |||
Participation of the shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with unlimitedshares outstanding in lending out shares under stock pledge repo transactions? Applicable □ Not applicable
Unit: Share
| Participation of the shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with unlimited shares outstanding in lending out shares under stock pledge repo transactions | ||||||||
| Name of shareholder (in full) | Common account and credit account holdings at the beginning of the period | Shares lent through stock pledge repo transactions at the beginning of the period and not yet returned | Common account and credit account holdings at the end of the period | Shares lent through stock pledge repo transactions at the end of the period and not yet returned | ||||
| Total | Proportion | Total | Proportion | Total | Proportion | Total | Proportion | |
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
quantity
| quantity | to total shares | quantity | to total shares | quantity | to total shares | quantity | to total shares | |
| Industrial and Commercial Bank of China Co., Ltd. - E Fund ChiNext Trading Open-End Index Securities Investment Fund | 1,268,569 | 0.46% | 110,900 | 0.04% | 1,832,083 | 0.66% | 103,400 | 0.03% |
Changes from the previous period due to lending/returning via stock pledge repo transactions by top 10 shareholders and top 10shareholders with unlimited shares outstanding
□ Applicable ? Not applicable
III. Quarterly Financial Statements(I) Financial Statements
1. Consolidated balance sheet
Prepared by: Shandong Weifang Rainbow Chemical Co., Ltd.
March 31, 2024
Unit: RMB
| Item | Closing balance | Opening balance |
| Current assets: | ||
| Monetary funds | 2,610,782,485.67 | 3,271,577,916.51 |
| Deposit reservation for balance | ||
| Lending to banks and other financial institutions | ||
| Financial assets held for trading | 6,000,000.00 | 6,000,000.00 |
| Derivative financial assets | 4,504,554.15 | |
| Notes receivable | 26,894,863.25 | 55,955,879.66 |
| Accounts receivable | 5,137,700,424.79 | 4,707,041,417.82 |
| Receivables financing | 500,000.00 | |
| Pre-payments | 247,513,918.87 | 129,020,462.65 |
| Premium receivable | ||
| Re-insurance accounts receivable | ||
| Reserves for re-insurance contract receivable | ||
| Other receivables | 53,768,593.58 | 44,646,181.87 |
| Including.: interest receivable | ||
| Dividends receivable | ||
| Financial assets purchased under resale agreement | ||
| Inventory | 3,480,329,471.17 | 3,336,332,619.58 |
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
Including: data resources
| Including: data resources | ||
| Contracted assets | ||
| Assets held for sale | ||
| Non-current assets that mature within one year | ||
| Other current assets | 323,583,331.44 | 329,901,506.56 |
| Total current assets | 11,891,077,642.92 | 11,880,975,984.65 |
| Non-current assets: | ||
| Disbursed loans and advances | ||
| Debt investments | ||
| Other debt investment | ||
| Long-term receivables | ||
| Long-term equity investment | 1,306,518.96 | 1,445,021.57 |
| Other equity instrument investment | ||
| Other non-current financial assets | ||
| Investment real estate | 8,356,156.61 | 8,512,192.20 |
| Fixed assets | 2,189,183,083.45 | 2,008,437,417.28 |
| Construction in progress | 296,063,689.71 | 395,645,781.60 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Assets with rights of use | 16,340,375.31 | 14,463,991.44 |
| Intangible assets | 232,333,780.83 | 214,122,877.97 |
| Including: data resources | ||
| Development expenditure | 86,991,768.53 | 36,791,601.49 |
| Including: data resources | ||
| Goodwill | 94,866,025.56 | 94,866,025.56 |
| Long-term deferred expenses | 31,909,393.75 | 34,125,613.10 |
| Deferred income tax assets | 118,308,739.01 | 117,262,810.63 |
| Other non-current assets | 92,139,375.96 | 91,304,780.64 |
| Total non-current assets | 3,167,798,907.68 | 3,016,978,113.48 |
| Total assets | 15,058,876,550.60 | 14,897,954,098.13 |
| Current liabilities: | ||
| Short-term loan | 3,007,176,826.17 | 2,261,455,023.95 |
| Borrowings from the central bank | ||
| Borrowing from banks and financial institutions | ||
| Financial liabilities held for trading | ||
| Derivative financial liabilities | 4,141,579.45 | |
| Notes payable | 3,164,565,144.94 | 4,057,148,069.12 |
| Accounts payable | 1,160,483,609.93 | 1,096,628,295.09 |
| Advance receipts | 490,412.00 | 232,358.87 |
| Contract liability | 46,778,786.28 | 29,592,998.73 |
| 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 | 156,692,121.15 | 218,457,162.23 |
| Taxes payable | 125,548,394.22 | 77,730,510.55 |
| Other payables | 80,407,289.60 | 81,107,290.26 |
| Including: Interests payable | ||
| Dividends payable | ||
| Charges and commissions payable |
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
Re-insurance accounts payable
| Re-insurance accounts payable | ||
| Liabilities held for sale | ||
| Non-current liabilities due within one year | 4,560,445.18 | 9,623,075.76 |
| Other current liabilities | 23,007,785.61 | 57,442,707.33 |
| Total current liabilities | 7,769,710,815.08 | 7,893,559,071.34 |
| Non-current liabilities: | ||
| Provision for insurance contracts | ||
| Long-term loan | 111,160,672.69 | 77,624,331.91 |
| Bonds payable | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Lease liability | 8,903,219.19 | 8,219,602.23 |
| Long-term payables | ||
| Long-term payroll payable | ||
| Accrued liabilities | ||
| Deferred income | 11,476,461.96 | 11,713,887.21 |
| Deferred income tax liabilities | 51,863,304.55 | 67,145,243.72 |
| Other non-current liabilities | ||
| Total non-current liabilities | 183,403,658.39 | 164,703,065.07 |
| Total liabilities | 7,953,114,473.47 | 8,058,262,136.41 |
| Owner’s equity: | ||
| Share capital | 278,662,094.00 | 278,662,094.00 |
| Other equity instruments | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Capital reserve | 2,388,187,702.28 | 2,382,932,252.27 |
| Less: Treasury stock | ||
| Other comprehensive income | 33,105,376.93 | -53,797,771.67 |
| Special reserve | 42,954,447.55 | 38,596,260.53 |
| Surplus reserve | 158,674,657.07 | 158,674,657.07 |
| General risk reserve | ||
| Undistributed profit | 3,893,929,710.29 | 3,741,086,359.04 |
| Total owners' equity attributed to parent company | 6,795,513,988.12 | 6,546,153,851.24 |
| Minority shareholder’s interest | 310,248,089.01 | 293,538,110.48 |
| Total owner’s equity | 7,105,762,077.13 | 6,839,691,961.72 |
| Total liabilities and owners’ equity | 15,058,876,550.60 | 14,897,954,098.13 |
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 2024 | Amount incurred in Q4 2023 |
| I. Gross Operating Income | 2,693,191,598.95 | 2,233,266,009.68 |
| Including: Operating income | 2,693,191,598.95 | 2,233,266,009.68 |
| Interest income | ||
| Premium earned | ||
| Handling charges and commissions income | ||
| II. Total Operating Costs | 2,502,450,985.18 | 2,118,502,804.32 |
| Including: Costs of business | 2,151,930,798.44 | 1,814,538,181.24 |
| Interest expenses | ||
| Handling charges and |
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
commission expenses
| 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 | 9,639,670.98 | 9,314,127.45 |
| Sales expenses | 136,012,126.19 | 75,879,447.34 |
| Management expenses | 95,232,946.97 | 102,590,984.82 |
| R&D expenditures | 36,086,891.09 | 56,162,380.67 |
| Financial expenses | 73,548,551.51 | 60,017,682.80 |
| Including: Interest expenses | 21,851,106.77 | 5,399,475.19 |
| Interest income | 11,765,988.38 | 15,704,126.01 |
| Add: Other incomes | 1,590,381.16 | 2,246,880.15 |
| Income from investment (“－” for loss) | 5,221,370.46 | -35,302,194.73 |
| Including: Income from investment in associated enterprises and joint ventures | -138,502.61 | -31,308.03 |
| 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) | 8,508,624.49 | 96,528,024.70 |
| Credit impairment losses ("-" for loss) | -15,533,971.25 | 27,806,314.28 |
| Asset impairment losses ("-" for loss) | -534,514.34 | -1,406,215.58 |
| Gains from asset disposal ("-" for loss) | 347,243.81 | |
| III. Operating Profit ("-" for loss) | 190,339,748.10 | 204,636,014.18 |
| Add: Non-operating income | 5,194,095.82 | 3,582,516.56 |
| Less: Non-operating expenses | 5,506,355.00 | 5,029,861.03 |
| IV. Total Profit Before Tax (“-” for total losses) | 190,027,488.92 | 203,188,669.71 |
| Less: Income tax expenses | 24,726,415.53 | 9,733,671.77 |
| V. Net Profit ("-" for net loss) | 165,301,073.39 | 193,454,997.94 |
| (I) Classification by business continuity | ||
| 1. Net profit from continuing operations (“-” for net loss) | 165,301,073.39 | 193,454,997.94 |
| 2. Net profit from discontinued operations (“-” for net loss) | ||
| (II) Classification by ownership | ||
| 1. Net profit attributable to the | 152,843,351.25 | 182,814,094.72 |
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
owners of the parent company
| owners of the parent company | ||
| 2. Profit or loss of minority shareholders | 12,457,722.14 | 10,640,903.22 |
| VI. Net Amount after Tax of Other Comprehensive Income | 91,155,404.99 | -30,738,258.68 |
| Net amount of other comprehensive income after tax attributed to the owners of parent company | 86,903,148.60 | -23,060,863.19 |
| (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 | 86,903,148.60 | -23,060,863.19 |
| 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 | 86,903,148.60 | -23,060,863.19 |
| 7. Other | ||
| Net amount of other comprehensive income after tax attributed to minority shareholders | 4,252,256.39 | -7,677,395.49 |
| VII. Total Comprehensive Income | 256,456,478.38 | 162,716,739.26 |
| Total comprehensive income attributed to parent company owners | 239,746,499.85 | 159,753,231.53 |
| Total comprehensive income attributed to minority shareholders | 16,709,978.53 | 2,963,507.73 |
| VIII. Earnings per Share: | ||
| (i) Basic earnings per share | 0.55 | 0.66 |
| (ii) Diluted earnings per share | 0.54 | 0.65 |
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 Accounting Institution: Zhang Baolin
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
3. Consolidated cash flow statement
Unit: RMB
| Item | Amount incurred in Q1 2024 | Amount incurred in Q4 2023 |
| I. Cash Flows Generated from Operating Activities: | ||
| Cash received from sales of goods and services | 2,443,204,075.57 | 2,869,711,130.95 |
| 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 trading brokerage | ||
| Cash receipts from tax refunds | 204,868,799.71 | 178,247,213.87 |
| Cash received relating to other operating activities | 18,550,465.36 | 21,452,425.86 |
| Subtotal of cash inflow in business activities | 2,666,623,340.64 | 3,069,410,770.68 |
| Cash payments for goods acquired and services received | 2,509,486,886.84 | 2,919,345,383.14 |
| 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 | 246,717,193.22 | 209,366,726.26 |
| Cash payments for taxes | 70,929,152.34 | 66,508,397.97 |
| Other cash payments relating to operating activities | 137,473,611.34 | 313,034,132.72 |
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
Subtotal of cash outflow in businessactivities
| Subtotal of cash outflow in business activities | 2,964,606,843.74 | 3,508,254,640.09 |
| Net cash flow from operating activities | -297,983,503.10 | -438,843,869.41 |
| 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 | 8,431,646.84 | 983,079.15 |
| Net cash receipts from disposal of subsidiary or any other business unit | ||
| Other cash receipts relating to investing activities | ||
| Subtotal of cash inflow in investment activities | 8,431,646.84 | 983,079.15 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 209,319,241.56 | 187,607,144.42 |
| Cash payments for investment | ||
| Net increase in pledged loans | ||
| Net cash payments to acquire subsidiary and other business units | ||
| Other cash payments relating to investment activities | 34,437,195.75 | |
| Subtotal of cash outflow in investment activities | 209,319,241.56 | 222,044,340.17 |
| Net cash flow in investment activities | -200,887,594.72 | -221,061,261.02 |
| III. Cash Flows from Financing Activities: | ||
| Cash received from capital contributions | ||
| Including: Cash received from investment of minority shareholder from subsidiary | ||
| Cash receipts from borrowings | 1,406,622,528.15 | 312,883,880.00 |
| Other cash receipts relating to financing activities | 436,918,713.08 | |
| Subtotal of cash inflow in financing activities | 1,406,622,528.15 | 749,802,593.08 |
| Cash repayments of borrowings | 1,097,060,211.08 | 96,010,893.21 |
| Cash payments for distribution of dividends, profits, or cash payments for interest expenses | 26,297,924.23 | 4,468,839.39 |
| Including: Dividends and profits paid to minority shareholders by subsidiaries | ||
| Other cash paid related to financing activities | ||
| Subtotal of cash outflow in financing activities | 1,123,358,135.31 | 100,479,732.60 |
| Net cash flow from financing activities | 283,264,392.84 | 649,322,860.48 |
| IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents | 12,180,350.46 | -11,563,948.54 |
| V. Net Increase in Cash and Cash Equivalents | -203,426,354.52 | -22,146,218.49 |
| 2024 First Quarter Report of Rainbow | To be a Global Leading Crop Protection Company |
Add: Beginning balance of cash andcash equivalents
| Add: Beginning balance of cash and cash equivalents | 1,185,554,395.09 | 2,076,062,785.79 |
| VI. Closing Balance of Cash and Cash Equivalents | 982,128,040.57 | 2,053,916,567.30 |
(II) Audit ReportWhether the First Quarter Report is audited
□ Yes ?No
The Company's First Quarter Report has not been audited.
Should there be any difference in the interpretation of the contents, the Chinese version of the First Quarter Report 2024 shallprevail.
SHANDONG WEIFANG RAINBOW CHEMICAL CO., LTD.
Board of DirectorsDate: 10/05/2024
附件：公告原文