[一季报]美的集团(000333):2022年第一季度报告全文（英文）
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时间：2022年05月05日 20:02:13 中财网 |
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原标题:美的集团:2022年第一季度报告全文（英文）
Stock code: 000333 Stock name: Midea Group Announcement No.: 2022-031 Midea Group Co., Ltd.
Interim Report for the First Quarter 2022
Midea Group Co., Ltd. (hereinafter referred to as the “Company”) and all the members of the
Company’s Board of Directors have warranted that the information given in this Report is true, accurate
and complete, as well as free of any false record, misleading statement or material omission.
Important Reminders:
1. The Board of Directors, the Supervisory Committee as well as all the directors, supervisors and senior
management staff of the Company have warranted that this Report contains no false record, misleading
statement or material omission. And they shall be jointly and severally liable for the truthfulness,
accuracy and completeness of the information given in this Report. 2. The legal representative, principal in charge of accounting and head of the accounting department of
the Company have represented and warranted that the financial information in this Report is true, accurate and complete.
3. Is this Report audited by a CPA firm?
□ Yes √ No
This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. 1. Key financial information
1.1 Major accounting data and financial indicators
Does the Company adjust retrospectively or restate accounting data of previous years? □ Yes √ No
| | Jan.-Mar. 2022 | Jan.-Mar. 2021 | | YoY Change (%) | | | | Before | Restated | Restated | | Operating revenue (RMB'000) | 90,381,167 | 82,504,017 | 82,504,017 | 9.55% | | Net profit attributable to shareholders of
the Company (RMB'000) | 7,177,925 | 6,468,588 | 6,468,588 | 10.97% | | Net profit attributable to shareholders of
the Company before non-recurring gains
and losses (RMB'000) | 6,993,024 | 6,649,368 | 6,649,368 | 5.17% | | Net cash flows from operating activities
(RMB'000) | 7,978,986 | 8,553,861 | 8,553,861 | -6.72% | | Basic earnings per share (RMB/share) | 1.06 | 0.93 | 0.93 | 13.98% | | Diluted earnings per share (RMB/share) | 1.05 | 0.92 | 0.92 | 14.13% | | Weighted average ROE (%) | 5.57% | 5.35% | 5.35% | 0.22% | | | 31 Mar. 2022 | 31 Dec. 2021 | Change (%) | | | | | Before | Restated | Restated | | Total assets (RMB'000) | 407,842,387 | 387,946,104 | 387,946,104 | 5.13% | | Net assets attributable to shareholders of
the Company (RMB'000) | 132,301,754 | 124,868,124 | 124,868,124 | 5.95% |
Reasons for the changes to the accounting policies:
The Company has prepared the financial statements for the year ended 31 December 2021 and for the three months ended 31 March 2022 according to the Q&A for the Implementation of the Accounting Standards for Business Enterprises issued by the Ministry of Finance on 2 November 2021. For transportation costs that were incurred before the control of goods was handed over to customers and
for the purpose of executing sales contracts, the Company has reclassified them from selling and distribution expenses to cost of sales, and has retrospectively restated the relevant data in the same
period of last year.
Total share capital of the Company on the last trading session before disclosure:
| Total share capital of the Company on the last trading
session before disclosure (share) | 6,997,053,441 |
Fully diluted earnings per share based on the latest share capital above:
| Dividend paid to preference shareholders | - | | Fully diluted earnings per share based on the latest share
capital above (RMB/share) | 1.0258 |
1.2 Non-recurring gains and losses
√ Applicable □ N/A
Unit: RMB’000
| Item | Jan.-Mar. 2022 | Note | | Gains and losses on disposal of non-current assets | 12,679 | | | Except for effectively hedging business related to normal
business operations of the Company, gains and losses
arising from the change in the fair value of financial assets
held for trading, derivative financial assets, financial
liabilities held for trading, derivative financial liabilities and
other non-current financial assets, as well as investment
gains and losses produced from the disposal of the
aforesaid financial assets and liabilities | -261,362 | | | Other | 366,109 | | | | | | | Less: Corporate income tax | 8,058 | | | Minority interests (after tax) | 59,418 | | | Total | 184,901 | -- |
Other items that meet the definition of non-recurring gain/loss: □ Applicable √ N/A
No such cases for the Reporting Period.
Explain the reasons if the Company classifies any non-recurring gain/loss item mentioned in the
the Public—Non-Recurring Gains and Losses> as a recurring gain/loss item □ Applicable √ N/A
No such cases for the Reporting Period.
1.3 Major changes of main items in financial statements and financial indicators, as well as the reasons for the changes
√ Applicable □ N/A
Unit: RMB’000
| Financial statement
items (consolidated) | 31 March
2022/January-
March 2022 | 31 December
2021/January-Mar
ch 2021 | Change
(%) | Reasons for the changes | | Other current assets | 46,465,237 | 33,156,012 | 40.14% | Mainly due to the increased monetary
investment products | | Loans with the Central
Bank | 308,403 | 178,878 | 72.41% | Mainly due to the changes in the
operations of the finance business | | Financial liabilities held
for trading | 1,565,346 | - | 100.00% | Mainly due to the increased business
combinations | | Derivative financial
liabilities | 252,234 | 157,602 | 60.04% | Mainly due to the changes in the fair
value of derivative instruments | | Employee benefits
payable | 4,551,048 | 7,535,168 | -39.60% | Mainly due to the payment of salaries to
employees | | Bonds payable | 2,853,438 | - | 100.00% | Mainly due to the issuance of bonds | | Interest costs | 33,226 | 15,059 | 120.64% | Mainly due to the changes in the
operations of the finance business | | Investment income | 261,189 | 531,167 | -50.83% | Mainly due to the decreased interest
income from structured deposits | | Gains/(losses) on
changes in fair value | -416,409 | -830,632 | -49.87% | Mainly due to the changes in the fair
value of financial assets | | Asset impairment losses | 6,945 | 1,400 | 396.07% | Mainly due to the increased gains on
disposal of non-current assets | | Net profit attributable to
minority interests | 50,656 | 100,849 | -49.77% | Mainly due to the decreased profits of
non-wholly-owned subsidiaries | | Net cash flows from
investing activities | -11,536,258 | -932,059 | -1137.72% | Mainly due to the increased cash paid
to acquire investments | | Net cash flows from
financing activities | 8,587,145 | -3,537,964 | 342.71% | Mainly due to the decreased cash
payments relating to other financing
activities |
2. Shareholder information
2.1 Total number of common shareholders and preference shareholders with resumed voting rights, as well as shareholdings of the top ten shareholders at the period-end Unit: share
| Total number of common shareholders at
the period-end | 438,206 | Total number of preference
shareholders with resumed
voting rights at the | 0 |
| | | period-end (if any) | | | | | | | Top | 0 sharehol | ders | | | | | Name of shareholder | Nature of
shareholder | Sharehol
ding
percenta
ge (%) | Number of
shares held | Number of
restricted
shares held | Pledged or frozen
shares | | | | | | | | Status | Shares | | Midea Holding Co., Ltd. | Domestic
non-state-owned
corporation | 30.99 | 2,169,178,713 | | Pledg
ed | 100,000,000 | | Hong Kong Securities Clearing
Company Limited | Foreign
corporation | 16.89 | 1,182,613,943 | | | | | China Securities Finance Co., Ltd. | Domestic
non-state-owned
corporation | 2.83 | 198,145,134 | | | | | Fang Hongbo | Domestic
individual | 1.67 | 116,990,492 | 87,742,869 | | | | Central Huijin Asset Management
Ltd. | State-owned
corporation | 1.26 | 88,260,460 | | | | | Huang Jian | Domestic
individual | 1.23 | 86,140,000 | | | | | Canada Pension Plan Investment
Board－ own funds (stock
exchange) | Foreign
corporation | 1.00 | 70,126,251 | | | | | Li Jianwei | Foreign
individual | 0.68 | 47,852,845 | | | | | Yuan Liqun | Domestic
individual | 0.56 | 39,320,997 | | | | | Huang Xiaoxiang | Domestic
individual | 0.54 | 37,835,332 | | Pledg
ed | 17,348,318 | | Top 10 non-restricted shareholders | | | | | | | | Name of shareholder | Number of non-restricted
shares held at the
period-end | Type of | hares | | | | | | | Type | Shares | | | | | Midea Holding Co., Ltd. | 2,169,178,713 | RMB common
stock | 2,169,178,713 | | | | | Hong Kong Securities Clearing Company Limited | 1,182,613,943 | RMB common
stock | 1,182,613,943 | | | | | China Securities Finance Co., Ltd. | 198,145,134 | RMB common
stock | 198,145,134 | | | | | Central Huijin Asset Management Ltd. | 88,260,460 | RMB common
stock | 88,260,460 | | | | | Huang Jian | 86,140,000 | RMB common
stock | 86,140,000 | | | | | Canada Pension Plan Investment Board－ own funds
(stock exchange) | 70,126,251 | RMB common
stock | 70,126,251 | | | | | Li Jianwei | 47,852,845 | RMB common
stock | 47,852,845 | | | | | Yuan Liqun | 39,320,997 | RMB common
stock | 39,320,997 | | | | | Huang Xiaoxiang | 37,835,332 | RMB common
stock | 37,835,332 | | | | | Merrill Lynch International | 35,362,310 | RMB common
stock | 35,362,310 | | | | | Explanation of related relationship or/and
acting-in-concert parties among the above-mentioned
shareholders | N/A | | | | | |
| Special account for repurchased shares among the top
10 shareholders | 126,983,003 common shares (or 1.81% of the Company’s total
share capital) were held in the special account for repurchased
shares of Midea Group Co., Ltd. at the end of the Reporting
Period. | | Explanation on the top 10 common shareholders
participating in securities margin trading | The Company’s shareholder Yuan Liqun holds 680,000 shares
in the Company through her common securities account and
38,640,997 shares in the Company through her account of
collateral securities for margin trading, representing a total
holding of 39,320,997 shares in the Company.
The Company’s shareholder Huang Xiaoxiang holds 27,257,332
shares in the Company through his common securities account
and 10,578,000 shares in the Company through his account of
collateral securities for margin trading, representing a total
holding of 37,835,332 shares in the Company. |
2.2 Total number of preference shareholders and shareholdings of the top 10 preference shareholders at the period-end
□ Applicable √ N/A
3. Other significant events
□ Applicable √ N/A
4. Financial statements
4.1 Financial statements
4.1.1 Consolidated and Company balance sheets
Consolidated and Company Balance Sheets
Prepared by Midea Group Co. Ltd. As at 31 March 2022 Unit: RMB’000
| ASSETS | 31 March 2022 | 31 December 2021 | 31 March 2022 | | | | Consolidated | Consolidated | Company | Company | | Current assets: | | | | | | Cash at bank and on hand | 69,846,860 | 71,875,556 | 42,594,726 | 48,153,997 | | Financial assets held for trading | 5,759,640 | 5,879,202 | 3,386,356 | 3,442,317 | | Derivative financial assets | 697,915 | 545,865 | 229,328 | 157,501 | | Notes receivable | 4,881,564 | 4,784,914 | - | - | | Accounts receivable | 29,667,624 | 24,636,440 | - | - | | Receivables financing | 10,734,607 | 10,273,552 | - | - | | Advances to suppliers | 4,676,190 | 4,352,807 | 224,001 | 106,838 | | Contract assets | 4,258,097 | 3,823,476 | - | - | | Loans and advances | 20,116,922 | 20,656,600 | - | - | | Other receivables | 2,823,263 | 3,104,065 | 30,038,666 | 31,447,849 | | Inventories | 41,761,065 | 45,924,439 | - | - | | Current portion of non-current
assets | 21,571,870 | 19,851,577 | 20,822,606 | 19,095,262 | | Other current assets | 46,465,237 | 33,156,012 | 24,720,153 | 11,713,182 | | Total current assets | 263,260,854 | 248,864,505 | 122,015,836 | 114,116,946 | | Non-current assets: | | | | | | Other debt investments | 8,643,633 | 7,893,935 | 6,768,201 | 6,034,563 | | Long-term receivables | 841,098 | 871,356 | - | - | | Loans and advances | 871,011 | 851,927 | - | - | | Long-term equity investments | 3,739,027 | 3,796,705 | 69,205,856 | 66,805,691 | | Investments in other equity
instruments | 43,536 | 45,747 | - | - | | Other non-current financial
assets | 7,050,279 | 5,912,873 | 471,007 | 537,214 | | Investment properties | 838,482 | 859,195 | 418,091 | 428,460 | | Fixed assets | 22,909,694 | 22,852,848 | 646,786 | 661,692 | | Construction in progress | 3,233,882 | 2,690,930 | 918,984 | 800,243 | | Right-of-use assets | 2,322,651 | 2,297,354 | 646 | 2,585 | | Intangible assets | 16,846,723 | 17,173,072 | 665,199 | 669,158 | | Goodwill | 27,370,595 | 27,874,752 | - | - | | Long-term prepaid expenses | 1,409,424 | 1,394,240 | 86,332 | 79,799 | | Deferred tax assets | 8,871,002 | 8,192,309 | 250,606 | 289,964 | | Other non-current assets | 39,590,496 | 36,374,356 | 35,769,753 | 33,023,304 | | Total non-current assets | 144,581,533 | 139,081,599 | 115,201,461 | 109,332,673 | | TOTAL ASSETS | 407,842,387 | 387,946,104 | 237,217,297 | 223,449,619 |
Consolidated and Company Balance Sheets (Cont’d)
Prepared by Midea Group Co. Ltd. As at 31 March 2022 Unit: RMB’000
| LIABILITIES AND
SHAREHOLDERS’ EQUITY | 31 March 2022 | 31 December 2021 | 31 March 2022 | 31 December 2021 | | | Consolidated | Consolidated | Company | Company | | Current liabilities: | | | | | | Short-term borrowings | 13,388,929 | 5,381,623 | - | - | | Loans with the Central Bank | 308,403 | 178,878 | - | - | | Customer deposits and
deposits from banks and
other financial institutions | 88,231 | 78,180 | - | - | | Financial liabilities held for trading | 1,565,346 | - | - | - | | Derivative financial liabilities | 252,234 | 157,602 | - | - | | Notes payable | 31,334,031 | 32,752,007 | - | - | | Accounts payable | 64,861,539 | 65,983,559 | - | - | | Contract liabilities | 26,513,521 | 23,916,595 | - | - | | Employee benefits payable | 4,551,048 | 7,535,168 | 450,714 | 420,536 | | Taxes payable | 4,510,543 | 5,404,267 | 658,013 | 1,184,813 | | Other payables | 4,708,922 | 4,288,104 | 164,814,558 | 151,450,555 | | Current portion of non-current
liabilities | 26,999,131 | 28,947,540 | 90,666 | 92,647 | | Other current liabilities | 53,360,594 | 48,227,953 | 12,804 | 35,932 | | Total current liabilities | 232,442,472 | 222,851,476 | 166,026,755 | 153,184,483 | | Non-current liabilities: | | | | | | Long-term borrowings | 19,531,218 | 19,734,020 | 12,509,900 | 12,509,900 | | Lease liabilities | 1,580,313 | 1,533,552 | - | - | | Bonds payable | 2,853,438 | - | - | - | | Provisions | 311,704 | 310,571 | - | - | | Deferred income | 1,197,587 | 1,228,459 | 154,015 | 154,015 | | Long-term employee benefits
payable | 1,539,671 | 1,825,016 | - | - | | Deferred tax liabilities | 4,835,799 | 4,950,245 | 12,145 | 17,028 | | Other non-current liabilities | 687,595 | 687,689 | - | - | | Total non-current liabilities | 32,537,325 | 30,269,552 | 12,676,060 | 12,680,943 | | Total liabilities | 264,979,797 | 253,121,028 | 178,702,815 | 165,865,426 | | Shareholders’ equity: | | | | | | Share capital | 6,999,815 | 6,986,564 | 6,999,815 | 6,986,564 | | Capital surplus | 21,122,274 | 20,516,930 | 28,187,196 | 27,105,153 | | Less: Treasury stock | (14,624,578) | (14,044,550) | (14,624,578) | (14,044,550) | | Other comprehensive income | (1,542,699) | (1,758,948) | (9,876) | (7,295) | | General risk reserve | 700,351 | 719,922 | - | - | | Special reserve | 16,370 | 15,542 | - | - | | Surplus reserve | 9,449,901 | 9,449,901 | 9,449,901 | 9,449,901 | | Undistributed profits | 110,180,320 | 102,982,763 | 28,512,024 | 28,094,420 | | Total equity attributable to
shareholders of the
Company | 132,301,754 | 124,868,124 | 58,514,482 | 57,584,193 | | Minority interests | 10,560,836 | 9,956,952 | - | - | | Total shareholders’ equity | 142,862,590 | 134,825,076 | 58,514,482 | 57,584,193 | | TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY | 407,842,387 | 387,946,104 | 237,217,297 | 223,449,619 |
Legal representative: Principal in charge of accounting: Head of accounting department:
4.1.2 Consolidated and Company income statements
Consolidated and Company Income Statements
Prepared by Midea Group Co., Ltd. For the three months ended 31 March 2022 Unit: RMB’000
| Item | For the three
months ended
31 March 2022 | For the three
months ended
31 March 2021 | For the three
months ended
31 March 2022 | | | | Consolidated | Consolidated | Company | Company | | Total revenue | 90,938,820 | 83,017,120 | 436,315 | 442,664 | | Including: Operating revenue | 90,381,167 | 82,504,017 | 436,315 | 442,664 | | Interest income | 557,424 | 513,036 | - | - | | Fee and commission income | 229 | 67 | - | - | | Total operating cost | (82,511,495) | (75,354,650) | 55,260 | 257,173 | | Including: Cost of sales | (70,336,385) | (64,720,868) | (10,369) | (11,610) | | Interest costs | (33,226) | (15,059) | - | - | | Fee and commission expenses | (1,520) | (1,776) | - | - | | Taxes and surcharges | (388,006) | (390,356) | (10,612) | (18,648) | | Selling and distribution expenses | (7,599,881) | (6,262,170) | - | - | | General and administrative expenses | (2,380,911) | (2,404,839) | (407,140) | (233,265) | | Research and development expenses | (2,926,616) | (2,519,694) | - | - | | Financial income | 1,155,050 | 960,112 | 483,381 | 520,696 | | Including: Interest expenses | (417,184) | (317,428) | (596,719) | (504,197) | | Interest income | 1,308,788 | 1,158,995 | 1,082,164 | 1,024,813 | | Add: Other income | 373,682 | 345,651 | - | 152,367 | | Investment income | 261,189 | 531,167 | 54,893 | 254,440 | | Including: Investment income from associates and joint
ventures | 103,807 | 136,353 | 59,564 | 70,473 | | Gains/(Losses) on changes in fair value | (416,409) | (830,632) | (49,401) | (249,001) | | Credit impairment losses | (219,124) | (180,953) | -1,178.00 | -664.00 | | Asset impairment losses | (117,425) | (115,967) | 0 | 0 | | Gains on disposal of assets | 6,945 | 1,400 | (268) | (964) | | Operating profit | 8,316,183 | 7,413,136 | 495,621 | 856,015 | | Add: Non-operating income | 65,080 | 72,204 | 5,218 | 448 | | Less: Non-operating expenses | (18,499) | (25,720) | (295) | - | | Total profit | 8,362,764 | 7,459,620 | 500,544 | 856,463 | | Less: Income tax expenses | (1,134,183) | (890,183) | (82,940) | (25,533) | | Net profit | 7,228,581 | 6,569,437 | 417,604 | 830,930 | | (1) Classified by continuity of operations | | | | | | Net profit from continuing operations | 7,228,581 | 6,569,437 | 417,604 | 830,930 | | Net profit from discontinued operations | - | - | - | - | | (2) Classified by ownership of the equity | | | | | | Attributable to shareholders of the Company | 7,177,925 | 6,468,588 | 417,604 | 830,930 | | | 50,656 | 100,849 | - | | | Other comprehensive income, net of tax | 184,270 | (42,607) | (2,581) | 11,480 | | Other comprehensive income attributable to equity owners of
the Company, net of tax | 216,310 | (25,743) | (2,581) | 11,480 | | (1) Other comprehensive income items which will not be
reclassified subsequently to profit or loss | 128,387 | 94,651 | - | - | | 1) Changes arising from remeasurement of defined benefit
plan | 127,142 | 94,607 | - | - | | 2) Changes in fair value of investments in other equity
instruments | 1,245 | 44 | - | - | | (2) Other comprehensive income items which will be reclassified
subsequently to profit or loss | 87,923 | (120,394) | (2,581) | 11,480 | | 1) Other comprehensive income that will be transferred
subsequently to profit or loss under the equity method | (4,176) | 12,308 | (2,581) | 11,480 | | 2) Cash flow hedging reserve | 117,901 | (197,769) | - | - | | 3) Differences on translation of foreign currency financial
statements | (25,802) | 65,067 | - | - | | Other comprehensive income attributable to minority
shareholders, net of tax | (32,040) | (16,864) | - | - | | Total comprehensive income | 7,412,851 | 6,526,830 | 415,023 | 842,410 | | Attributable to equity owners of the Company | 7,394,235 | 6,442,845 | 415,023 | 842,410 | | Attributable to minority interests | 18,616 | 83,985 | - | - | | Earnings per share: | | | | | | (1) Basic earnings per share (RMB Yuan) | 1.06 | 0.93 | Not applicable | Not applicable | | (2) Diluted earnings per share (RMB Yuan) | 1.05 | 0.92 | Not applicable | |
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