The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company
Stock code: 301035 Stock abbreviation: Rainbow Agro
Announcement No.: 2026-029
SHANDONG WEIFANG RAINBOW CHEMICAL CO., LTD
The First Quarter Financial Report of 2026
The Company and all members of the Board of Directors warrant that the information disclosed is true,
accurate, and complete, without false records, misleading statements, or material omissions.
Prepared by: Shandong Weifang Rainbow Chemical Co., Ltd
March 31, 2026
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 3,335,827,812.36 3,545,858,415.42
Deposit reservation for balance
Lending to banks and other
financial institutions
Financial assets held for trading 11,945,626.33
Derivative financial assets 2,446,101.37 4,263,716.98
Notes receivable 9,333,926.05 11,569,561.38
Accounts receivable 5,409,371,397.09 5,195,696,624.20
Receivables financing 3,873,739.96 477,415.21
Pre-payments 141,356,779.29 100,972,866.06
Premium receivable
Re-insurance accounts
receivable
Reserves for re-insurance
contract receivable
Other receivables 66,810,850.88 60,549,718.50
Including: interest receivable
Dividends receivable
Financial assets purchased
under resale agreement
Inventory 3,527,796,079.13 2,653,810,498.34
Including: Data resources
Contracted assets
The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company
Assets held for sale 9,893,148.30 9,636,456.50
Non-current assets that mature
within one year
Other current assets 455,827,121.95 358,606,869.13
Total current assets 12,974,482,582.71 11,941,442,141.72
Non-current assets:
Disbursed loans and advances
Debt investments
Other debt investment
Long-term receivables
Long-term equity investment 848,599.60 938,787.85
Other equity instrument
investment
Other non-current financial
assets
Investment real estate 7,008,200.34 7,263,907.46
Fixed assets 2,811,063,077.32 2,833,607,463.75
Construction in progress 335,314,037.26 251,267,590.56
Productive biological assets
Oil and gas assets
Assets with rights of use 58,383,724.88 42,571,790.44
Intangible assets 375,862,849.57 346,009,832.70
Including: Data resources
Development expenditure 398,444,960.01 406,092,665.80
Including: Data resources
Goodwill 89,560,239.36 89,560,239.36
Long-term deferred expenses 26,893,185.80 26,098,818.90
Deferred income tax assets 468,227,412.01 403,051,310.07
Other non-current assets 81,855,332.31 63,663,107.82
Total non-current assets 4,653,461,618.46 4,470,125,514.71
Total assets 17,627,944,201.17 16,411,567,656.43
Current liabilities:
Short-term loan 2,555,215,722.21 1,704,533,162.11
Borrowings from the central
bank
Borrowing from banks and
financial institutions
Financial liabilities held for
trading
Derivative financial liabilities 84,853,457.33 43,957,273.82
Notes payable 3,366,231,376.30 3,968,470,098.87
Accounts payable 2,185,686,553.69 1,377,868,841.20
Advance receipts
Contract liability 65,636,739.84 51,042,591.49
The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company
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 235,586,721.00 316,866,749.65
Taxes payable 196,715,754.23 206,121,355.82
Other payables 67,321,507.99 82,123,529.85
Including: Interests payable
Dividends payable
Charges and commissions
payable
Re-insurance accounts payable
Liabilities held for sale
Non-current liabilities due within
one year
Other current liabilities 2,667,275.00 14,798,321.16
Total current liabilities 8,945,378,002.51 7,984,774,391.49
Non-current liabilities:
Provision for insurance contracts
Long-term loan 280,800,000.00 232,800,000.00
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liability 49,062,447.56 38,402,680.42
Long-term payables
Long-term payroll payable
Accrued liabilities 26,555,248.00 26,945,248.00
Deferred income 19,759,330.86 20,317,043.46
Deferred income tax liabilities 165,083,944.53 130,779,705.66
Other non-current liabilities
Total non-current liabilities 541,260,970.95 449,244,677.54
Total liabilities 9,486,638,973.46 8,434,019,069.03
Owner’s equity:
Share capital 280,770,974.00 280,770,974.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 2,475,219,710.25 2,470,852,835.25
Less: Treasury stock 124,837,079.67 124,837,079.67
Other comprehensive income -4,455,146.56 27,594,464.95
The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company
Special reserve 41,068,782.60 40,641,595.53
Surplus reserve 158,674,657.07 158,674,657.07
General risk reserve
Undistributed profit 4,860,688,119.72 4,695,381,997.25
Total owners' equity attributed to
parent company
Minority shareholder's interest 454,175,210.30 428,469,143.02
Total owner's equity 8,141,305,227.71 7,977,548,587.40
Total liabilities and owners equity 17,627,944,201.17 16,411,567,656.43
Legal Representative: Chief Accountant in Charge: Chief of
Accounting Institution:
Wicky Wang Xing Bingpeng
Zhang Baolin
Unit: RMB
Item Q1 2026 Q1 2025
I. Gross Operating Income 3,191,190,916.59 2,686,285,834.39
Including: Operating income 3,191,190,916.59 2,686,285,834.39
Interest income
Premium earned
Handling charges and
commissions income
II. Total Operating Costs 2,882,382,698.19 2,356,235,096.24
Including: Costs of business 2,431,958,173.42 2,168,741,751.45
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 14,629,880.10 17,207,374.10
Sales expenses 183,659,614.79 160,867,196.07
Management expenses 131,284,737.32 126,256,414.43
R&D expenditures 46,388,919.15 41,478,564.79
Financial expenses 74,461,373.41 -158,316,204.60
Including: Interest expenses 18,502,987.31 32,333,644.56
Interest income 12,388,795.94 11,294,458.69
Add: Other incomes 1,375,659.24 1,625,097.42
The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company
Income from investment ("-"
-16,786,798.72 -5,365,136.60
for loss)
Including: Income from
investment in associated -90,188.25 -152,123.99
enterprises and joint ventures
Income recognized
at termination of financial assets
measured at amortized cost
Foreign exchange gain ("-" for
loss)
Net exposure hedging
income ("-" for loss)
Income from changes in fair
-42,930,805.43 -21,881,219.08
value ("-" for loss)
Credit impairment losses ("-"
-10,889,589.30 11,213,514.50
for loss)
Asset impairment losses ("-" for
loss)
Gains from asset disposal ("-"
for loss)
III. Operating Profit ("-" for loss) 240,311,342.46 317,758,467.39
Add: Non-operating income 1,521,263.26 2,199,322.29
Less: Non-operating expenses 1,999,778.70 2,479,717.43
IV. Total Profit Before Tax (“-” for
total 239,832,827.02 317,478,072.25
losses)
Less: Income tax expenses 47,750,474.77 42,981,189.38
V. Net Profit ("-" for net loss) 192,082,352.25 274,496,882.87
(I) Classification by business
continuity
operations ("-" for net loss)
operations ("-" for net loss)
(II) Classification by ownership
shareholders of the parent 165,306,122.47 256,742,629.50
company
shareholders
VI. Net Amount after Tax of Other
-32,049,611.51 15,829,268.88
Comprehensive Income
Net amount of other
comprehensive income after tax
-32,049,611.51 15,829,268.88
attributed to the owners of parent
company
(I) Other comprehensive
income that cannot be
reclassified into profit or loss
The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company
measurement on defined benefit
plan
income that cannot be
converted into profit and loss
under the equity method
other equity instrument
investments
of the credit risk of the enterprise
(ii) Other comprehensive
income that will be reclassified -32,049,611.51 15,829,268.88
into profit and loss
income that can be converted to
profit or loss under the equity
method
other investment on bonds
assets reclassified into other
comprehensive income
impairment of other creditor's
rights investment
currency financial statement -32,049,611.51 15,829,268.88
translation
Net amount of other
comprehensive income after tax 0.00
attributed to minority shareholders
VII. Total Comprehensive Income 160,032,740.74 290,326,151.75
Total comprehensive income
attributed to parent company 133,256,510.96 272,571,898.38
owners
Total comprehensive income
attributed to minority shareholders
VIII. Earnings per Share:
(i) Basic earnings per share 0.59 0.91
(ii) Diluted earnings per share 0.59 0.91
Legal Representative: Chief Accountant in Charge: Chief of
Accounting Institution:
Wicky Wang Xing Bingpeng
Zhang Baolin
The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company
Unit: RMB
Item Q1 2026 Q1 2025
I. Cash Flows Generated from
Operating Activities:
Cash received from sales of 2,986,251,331.49 2,787,407,822.34
goods and services
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 208,180,479.81 193,285,292.63
Cash received relating
to other operating 15,938,801.77 15,118,878.40
activities
Subtotal of cash inflow in 3,210,370,613.07 2,995,811,993.37
business activities
Cash payments for goods
acquired and services 3,154,063,382.71 2,471,204,965.87
received
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
The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company
insurance
policyholder
dividends
Cash payments to
employees and on behalf of 365,080,481.02 309,909,235.87
employees
Cash payments for taxes 129,935,580.10 104,327,001.93
Other cash payments
relating to operating 203,442,918.40 177,131,056.75
activities
Subtotal of cash outflow in 3,852,522,362.23 3,062,572,260.42
business activities
Net cash flow from operating -642,151,749.16 -66,760,267.05
activities
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, 1,157,644.00
intangible assets and other
long- term assets
Net cash receipts from disposal
of
subsidiary or any other business
unit
Other cash receipts relating to 1,185,012.46
investing activities
Subtotal of cash inflow in 2,342,656.46
investment activities
Cash payments to acquire or
construct fixed assets, 85,876,169.55 232,698,396.20
intangible assets and other
long-term assets
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 17,914,561.78 5,213,012.61
activities
Subtotal of cash outflow in
investment activities
Net cash flow in investment
-101,448,074.87 -237,911,408.81
activities
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 1,528,328,080.55 1,027,634,410.10
Other cash receipts relating to
financing activities
The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company
Subtotal of cash inflow in 1,528,328,080.55 1,027,634,410.10
financing activities
Cash repayments of borrowings 676,691,981.07 703,963,732.59
Cash payments for distribution of
dividends, profits, or cash 9,531,665.21 19,596,054.68
payments for interest expenses
Including: Dividends and
profits paid to minority
shareholders by subsidiaries
Other cash paid related to
financing activities
Subtotal of cash outflow in 686,223,646.28 723,559,787.27
financing activities
Net cash flow from financing 842,104,434.27 304,074,622.83
activities
IV. Effect of Exchange Rate
Changes on Cash and Cash -472,615.69 31,037,664.69
Equivalents
V. Net Increase in Cash 98,031,994.55 30,440,611.66
and Cash Equivalents
Add: Beginning balance of 1,455,356,930.03 1,288,636,135.42
cash and cash equivalents
VI. Closing Balance of Cash 1,553,388,924.58 1,319,076,747.08
and Cash Equivalents
Should there be any difference in the interpretation of the contents, the Chinese version of the First Quarter
Report of 2026 shall prevail.
SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD
Board of Directors
April 27, 2026
首页
微信公众号
证券之星APP
