Welcome to the website of Dalian BingShan Group Co., Ltd.!

搜索历史清除全部记录

最多显示8条历史搜索记录噢~

All

All
Product Management
News and Information
Introduction Content
Enterprise outlets
Frequently Asked Questions
Corporate Video
Corporate Brochure

Iceberg Cold & Heat Technology Co., Ltd.

Iceberg Hot and Cold

Harmonious Iceberg, Soaring Dreams

Iceberg Hot and Cold

News Center

NEWS CENTER

3. Company’s 2022 Annual Financial Settlement Report

Document No. 3 for the 2022 Annual General Meeting

Company 2022 Annual Financial Settlement Report

Dear Shareholders:

Audited by PwC Zhonghui Certified Public Accountants, the company’s asset position and the completion status of its key financial and economic indicators for the year 2022 are as follows:

I. Company Asset Status

At the end of 2022, the company’s total assets amounted to RMB 760,194 million, an increase of 32.54% compared with the end of 2021. Specifically: current assets totaled RMB 487,462 million, up 64.61% from the end of 2021, primarily due to changes in the consolidation scope following a major asset restructuring that resulted in the inclusion of two new subsidiaries—Songyang Compressor and Songyang Refrigeration Equipment—and corresponding increases of 92.51% in cash and cash equivalents, 204.00% in notes receivable, 71.62% in accounts receivable, and 37.54% in inventories; non-current assets stood at RMB 272,732 million, a decrease of 1.69% compared with the end of 2021.

Among non-current assets, fixed assets amounted to RMB 122,903 million, up 43.68% from year-end 2021, primarily due to changes in the consolidation scope following a major asset restructuring; long-term equity investments totaled RMB 56,299 million, down 54.28% from year-end 2021, mainly because Songyang Compressor and Songyang Refrigeration have become subsidiaries of the company, as well as the transfer of equity in Panasonic Cold Chain; construction-in-progress stood at RMB 11,558 million, an increase of 196.59% from year-end 2021, largely attributable to the renovation of workshop heat pumps and projects such as Wankai; other non-current financial assets were RMB 14,995 million, a decrease of 42.64% from year-end 2021, mainly due to the company’s disposal of its 17.8% equity stake in Cold King Container Temperature Control (Suzhou) Co., Ltd., as well as adverse movements in Guotai Junan’s stock price; investment property amounted to RMB 11,533 million, down 4.49% from year-end 2021; intangible assets totaled RMB 16,808 million, up 17.88% from year-end 2021; goodwill reached RMB 24,835 million, an increase of RMB 24,660 million from year-end 2021, primarily reflecting valuation gains arising from the acquisition of equity in Songyang Compressor and Songyang Refrigeration; other assets amounted to RMB 13,801 million, up 13.22% from year-end 2021, mainly due to an increase in deferred tax assets.

At the end of 2022, the company’s total liabilities amounted to RMB 454,167 million, an increase of 69.08% compared with the end of 2021. Specifically: current liabilities totaled RMB 361,346 million, up 52.54% from the end of 2021, primarily due to changes in the consolidation scope following a major asset restructuring, which resulted in increases of 62.87% in notes payable, 72.43% in accounts payable, and 29.60% in contract liabilities; non-current liabilities amounted to RMB 92,821 million, up 192.65% from the end of 2021, mainly attributable to an increase in long-term borrowings.

At the end of 2022, total shareholders’ equity amounted to RMB 306,027 million, up 0.35% from the end of 2021; equity attributable to parent company shareholders totaled RMB 300,619 million, an increase of 0.11% compared with the end of 2021.

II. Status of Achievement of the Company’s Key Financial and Economic Indicators

1. In 2022, operating revenue reached RMB 289,309 million, an increase of 38.48% from RMB 208,921 million in the same period last year, primarily due to higher revenue driven by an increase in orders during the period and the inclusion of Songyang Compressor and Songyang Refrigeration within the consolidated scope starting November 2022.

2. In 2022, the company recorded total profit of RMB 20.94 million and net profit attributable to owners of the parent company of RMB 18.26 million, reversing the previous year’s loss and achieving profitability. The primary reasons are as follows:

(1) During the reporting period, the Company focused on the heating and cooling business, deepened its presence in niche markets, steadily enhanced its core competitiveness, and achieved continuous improvement in its principal operations.

(2) During the reporting period, the Company transferred its 17.8% equity interest in Cold King Container Temperature Control (Suzhou) Co., Ltd., generating a net gain of approximately RMB 36.5 million; transferred its 40% equity interest in Panasonic Cold Chain (Dalian) Co., Ltd., generating a net gain of approximately RMB 40.9 million; reduced its holdings in Jingxue Energy Saving by 7%, generating a net gain of approximately RMB 47.58 million; and completed the acquisition of two companies, Songyang Compressor and Songyang Refrigeration, during the period, re-measuring the originally held equity at fair value as of the acquisition date and recognizing an investment gain of approximately RMB 170.73 million; meanwhile, the fair value of the Company’s equity investment in Guotai Junan declined, resulting in a net loss of approximately RMB 39.9 million for the period. The above items are classified as non-recurring gains and losses.

The above report is submitted for your review and approval.

May 25, 2023