Stock code:301035 Stock abbreviation: Rainbow Agro Announcement No.: 2023-031
SHANDONGWEIFANGRAINBOWCHEMICALCO.,LTD
The FirstQuarterReportof 2023
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.
Prompts of Important Matters:
1. The Board ofDirectors,BoardofSupervisors,directors,supervisorsandseniormanagementwarrant that the
contentsofthe QuarterlyReportare true,accurate and complete,withoutfalse records,misleadingstatementsor
majoromissions,andshall bear individual and collective legalliabilities.
2. The legalrepresentative ofthe Company,the chiefaccountantin charge, and the chiefofthe accounting institution
(accountingsupervisor),statedthatthe financialreportinthe QuarterlyReportistrue,accurate and complete.
3. Whetherthe FirstQuarterReportisaudited
□ Yes No
I. Key Financial Data
(1) Mainaccountingdataandfinancialindicators
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%
Netprofit attributable to
shareholders of the Company 182,814,094.72 387,571,013.34 -52.83%
(RMB)
Netprofit attributable to
shareholders of the Company 182,952,103.05 389,050,777.23 -52.97%
excluding non-recurring gains
and losses (RMB)
Netcash flow from operating -438,843,869.41 -224,220,205.58 -95.72%
activities (RMB)
Basic earnings pershare 0.66 1.40 -52.86%
(RMB/Share)
Diluted earnings per share 0.65 1.39 -53.24%
(RMB/Share)
Weighted average return on 2.91% 7.62% -4.71%
net assets
YoY increase/decrease atthe
End of Q1 2023 End of 2022 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 6,362,719,929.70 6,184,265,166.56 2.89%
(RMB)
(2) Non-recurringprofitand lossitemsandamounts
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 -3,577,780.00
assetimpairment provision)
Government subsidies included in
current gains and losses (closely related
to normal operational business of the
Company, excluding the continuous 2,266,880.15
government subsidies of certain amount
or quota complying with national
policies)
Profits and losses in fair value from
trading financial assets and trading 33,361.85
financial liabilities, as well as investment
income from disposal of trading financial
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 1,351,320.43
above
Less:affectedamount of income tax 135,793.85
Affectedamount of minority 75,996.91
shareholders' equity (after tax)
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 Announcementon Information Disclosurefor Companies
Offering 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 Announcementon Information
Disclosure for CompaniesOfferingTheir Securitie