[年报]闽灿坤B(200512):2022年年度报告(英文版)

时间:2023年03月06日 20:16:12 中财网

原标题:闽灿坤B:2022年年度报告(英文版)

2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.

TSANN KUEN (CHINA) ENTERPRISE CO., LTD.
2022 ANNUAL REPORT
















March 2023
2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. Section I. Important Statements, Contents & Terms
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management staff of Tsann Kuen (China) Enterprise Co., Ltd. (hereinafter referred to as “the Company”) warrant that this Report is factual, accurate and complete without any false information,
misleading statements or material omissions. And they shall be jointly and severally liable for that.
Cai Yuansong, company principal, and Wu Jianhua, head of the accounting work & the accounting division (head of accounting) jointly declare that the financial statements carried in this Report are
factual, accurate and complete.
All directors attended the board meeting for reviewing this Report. Any forward-looking statement such as those involving the future operational plans in this Report shall not be considered as virtual promises of the Company to investors. And investors are kindly reminded to pay attention to possible risks.
The Company’s profit distribution preplan upon review and approval of this board meeting: Based on the total 185,391,680 shares, a cash dividend of RMB3.0 (tax included) will be distributed for every 10 shares held by shareholders. No bonus shares will be granted and no capital reserve will be
turned into share capital.
This Report is prepared in both Chinese and English. Should there be any discrepancy between the two versions, the Chinese version shall prevail.


2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. Contents
Section I. Important Statements, Contents & Terms ..................................................................... 2
Section II. Company Profile & Financial Highlights .................................................................... 5
Section III. Management Discussion & Analysis........................................................................ 10
Section IV. Corporate Governance .............................................................................................. 29
Section V. Environmental & Social Responsibility..................................................................... 50
Section VI. Significant Events .................................................................................................... 50
Section VII. Change in Shares & Shareholders .......................................................................... 60
Section VIII. Preference Shares .................................................................................................. 65
Section IX. Bonds ....................................................................................................................... 65
Section X. Financial Report ........................................................................................................ 65


Documents Available for Reference
1. The financial statements signed and sealed by the company principal and the head of the accounting work & the accounting division (head of accounting) of the Company; 2. The original Auditor’s Report sealed by the CPA firm, as well as signed and sealed by the CPAs;
and
3. The originals of all the Company’s documents and announcements which were disclosed on the website designated by the CSRC in the reporting period.
2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. 2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
TermRefers toContent
Xiamen Tsann Kuen, MCKB, Company, the Company, TKCRefers toTsann Kuen (China) Enterprise Co., Ltd.
Tsann Kuen Zhangzhou, TKLRefers toTsann Kuen (Zhangzhou) Enterprise Co., Ltd.
Tsann Kuen Shanghai, TKSRefers toTsann Kuen China (Shanghai) Enterprise Co., Ltd.
South Port Electronics, TKNRefers toTsann Kuen (Zhangzhou) South Port Electronics Enterprise Co., Ltd.
STDRefers toShanghai Canxing Trading Co., Ltd.
East Sino DevelopmentRefers toEast Sino Development Limited
SCIRefers toPt.Star Comgistic Indonesia
Orient Star InvestmentsRefers toOrient Star Investments Limited
TKEIRefers toTsannkuen Edge Intelligence Co., Ltd.
SCPDIRefers toPt.Star Comgistic Property Development Indonesia
TKWRefers toXiamen Tsannkuen Property Services Co., Ltd.
YuanRefers toRMB Yuan
2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. 2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
Stock nameTKC-BStock code200512
Stock exchangeShenzhen Stock Exchange  
Company name in Chinese厦门灿坤实业股份有限公司  
Abbr.闽灿坤  
Company name in EnglishTSANN KUEN (CHINA) ENTERPRISE CO., LTD.  
Abbr.TKC  
Legal representativeCai Yuansong  
Registered addressNo.88 Xinglong Road, Huli Industrial Park, Xiamen, Fujian Province, P.R. China  
Zip code361006  
Office addressTSANN KUEN Industrial Park, Taiwanese Investment Zone, Zhangzhou, Fujian Province  
Zip code363107  
Internet websitewww.eupa.tw  
Email address[email protected]  
II. Contact us

 Board SecretarySecurities Representative
NameSun MeimeiDong Yuanyuan
Contact addressTSANN KUEN Industrial Park, Taiwanese Investment Zone, Zhangzhou, Fujian ProvinceTSANN KUEN Industrial Park, Taiwanese Investment Zone, Zhangzhou, Fujian Province
Tel.0596-62681610596-6268103
Fax0596-62681040596-6268104
E-mail address[email protected][email protected]
III. About information disclosure and where this Report is placed
Stock exchange website where this Report is disclosedSecurities Times (domestic)
Media and website where this Report is disclosedwww.cninfo.com.cn
Where this Report is placedTSANN KUEN Industrial Park, Taiwanese Investment Zone, Zhangzhou, Fujian
2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. 2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
 Province
IV. Changes in the registered information

Credibility code91350200612002170L
Changes of the main business since listingNo changes
Changes of the controlling shareholderNo changes
V. Other information
The CPAs firm hired by the Company:

NameRSM China CPA LLP
Office address901-22 to 901-26, Tower 1-Wai Jing Mao Building, 22 Fuchengmen Wai Street, Xicheng District, Beijing, China
Signing CPAsWu Xiaolei, Guo Chunlin, Li Chunyuan
Sponsor engaged by the Company to conduct sustained supervision during the reporting period ? Applicable ? Inapplicable
Financial consultant engaged by the Company to conduct sustained supervision during the reporting period
? Applicable ? Inapplicable
VI. Accounting and financial highlights
Does the Company adjust retrospectively or restate accounting data of previous years? ? Yes √ No

 20222021Increase/decrease of current year over last year (%)2020
Operating revenue (RMB Yuan)1,584,267,529.082,347,280,300.56-32.512,144,181,738.33
Net profit attributable to shareholders of the Company (RMB Yuan)94,283,302.93122,249,955.82-22.88139,522,190.75
Net profit attributable to shareholders of the Company before extraordinary gains and losses (RMB Yuan)73,172,417.2886,639,602.54-15.5494,686,086.28
Net cash flows from operating activities (RMB Yuan)164,775,609.26148,525,571.8810.94315,271,083.24
Basic EPS (RMB Yuan/share)0.510.66-22.730.75
Diluted EPS (RMB Yuan/share)0.510.66-22.730.75
Weighted average ROE (%)9.4613.47-4.0117.34
 As at 31 Dec. 2022As at 31 Dec. 2021Increase/decrease of current year-end than last year-end (%)As at 31 Dec. 2020
Total assets (RMB Yuan)2,607,540,908.002,785,902,354.47-6.402,408,046,446.78
2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
 1,040,523,297.91956,326,734.428.80
The lower of the company's net profit before and after extraordinary gains and losses in the last three fiscal years
was negative, and the audit report of the last year shows that the company's ability to continue as a going concern
is uncertain
? Yes ? No
Whether the lower of the net profit attributable to shareholders of the Company before and after extraordinary
gains and losses was negative
? Yes ? No
Total shares of the Company as at closure of the last trading day before the disclosure of this Report:

Total shares of the Company as at closure of the last trading day before the disclosure of this Report (share)185,391,680
Fully diluted EPS based on the latest total shares:

Dividends paid to preference shareholders0
Interest paid for perpetual bonds (RMB Yuan)0
Fully diluted EPS based on the latest total shares (RMB Yuan/share)0.51
VII. Differences between accounting data under domestic and overseas accounting standards 1. Differences of net profit and net assets disclosed in financial reports prepared under international and
Chinese accounting standards
? Applicable ? Inapplicable
2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and
Chinese accounting standards
? Applicable ? Inapplicable
3. Explain reasons for the differences between accounting data under domestic and overseas accounting
standards
? Applicable ? Inapplicable
VIII. Financial highlights by quarter
Unit: RMB Yuan

 Q1Q2Q3Q4
Operating revenue428,568,462.60439,723,790.76405,227,088.15310,748,187.57
Net profit attributable to shareholders of the Company12,759,686.9926,869,586.6127,985,838.3026,668,191.03
2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. 2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
 Q1Q2Q3Q4
Net profit attributable to shareholders of the Company before extraordinary gains and losses3,456,701.6925,934,963.7624,602,410.7719,178,341.06
Net cash flows from operating activities15,190,356.2238,238,560.50-7,543,998.34118,890,690.88
Any material difference between the financial indicators above or their summations and those which have been
disclosed in quarterly or semi-annual reports?
? Yes ? No
IX. Extraordinary gains and losses
? Applicable ? Inapplicable
Unit: RMB Yuan

Item202220212020Note
Gain/loss on the disposal of non-current assets (including the offset part of the asset impairment provisions)730,715.852,101,750.59195,318.03 
Tax rebates, reductions or exemptions due to approval beyond authority or the lack of official approval documents    
Government grants recognized in the current period, except for those acquired in the ordinary course of business or continually granted at certain quotas or amounts according to the government’s policies and standards7,993,459.914,786,030.516,241,497.95 
Capital occupation charges on non-financial enterprises that are recorded into current gains and losses    
Gains due to that the investment costs for the Company to obtain subsidiaries, associates and joint ventures are lower than the enjoyable fair value of the identifiable net assets of the investees when making the investments    
Gain/loss on non-monetary asset swap    
Gain/loss on entrusting others with investments or asset management    
Asset impairment provisions due to acts of God such as natural disasters    
Gain/loss on debt restructuring    
Expenses on business reorganization, such as expenses on staff arrangements, integration, etc.    
Gain/loss on the part over the fair value due to transactions with distinctly unfair prices    
Current net gains and losses of subsidiaries acquired in business combination under the same control from period-begin to combination date    
Gain/loss on contingent events irrelevant to the    
2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. 2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
Item202220212020Note
Company’s normal business    
Gains and losses on change in fair value from tradable financial assets and tradable financial liabilities, as well as investment income from disposal of tradable financial assets and tradable financial liabilities and financial assets available for sales except for effective hedging related with normal businesses of the Company24,698,675.4148,392,884.9261,211,756.54Mainly gains on forward forex contracts sold, gains on changes in fair value and income from investments in financial products, accrued interest for time deposits
Impairment provision reversal of accounts receivable on which the impairment test is carried out separately    
Gain/loss on entrustment loans    
Gain/loss on change of the fair value of investing real estate of which the subsequent measurement is carried out adopting the fair value method    
Effect on current gains/losses when a one-off adjustment is made to current gains/losses according to requirements of taxation, accounting and other relevant laws and regulations    
Custody fee income when entrusted with operation    
Non-operating income and expense other than the above3,068,167.504,876,463.404,668,961.96 
Other gain and loss items that meet the definition of an extraordinary gain/loss5,901.34   
Less: Income tax effects6,436,822.0910,199,627.2311,395,313.47 
Minority interests effects (after tax)8,949,212.2714,347,148.9116,086,116.54 
Total21,110,885.6535,610,353.2844,836,104.47 
The Company had no other gain and loss items that meet the definition of an extraordinary gain/loss.
The Company did not classify as a recurrent gain/loss item any extraordinary gain/loss item mentioned in the
Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses.
2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. Section III. Management Discussion & Analysis
I. Overview of the industry in which the Company operates in the reporting period In 2022, the post COVID-19 epidemic period, together with the situation of the war between Russia and
Ukraine, has had a huge impact on the global economy. The high prices of industrial raw materials, the
currency exchange rate fluctuations, and the turbulence in the global shipping markets has brought many
uncertainties to the development of enterprises, slowing down the rapid development of the home appliance
industry. The company adheres to the development strategy of "innovative design, specialized manufacturing,
smart home appliances, international brand", focuses on the investment in professional design and specialized manufacturing. On the basis of expanding the global small home appliance market, the company
increases the expansion of the domestic market in China, adheres to the close interaction and strategic
cooperation with customers and innovative research and development, so that to enhance product value
through innovation to meet customers’ needs, create new market demand and face the industry competition.
II. Main business during the reporting period
Developing, manufacturing household appliances, electronics, light industrial products, modern office
supplies. Design and manufacture of molds associated with these products in domestic and international sales
of the company's products and after-sales service. Wholesale and retail household appliances, electronic
products, electrical equipment, office supplies, kitchen utensils, pre-packaged food (limited to branches),
import and export related business and provide after-sales service (the above description do not involve state
trading commodity goods, involving quota license management products are according to the relevant provisions of the State for the regulations application). No material changes occurred to the business model
of the Company in the reporting period.
III. Core competitiveness analysis
No material change occurred to the core competitiveness of the Company during the reporting period.
The company has been adhering to the corporate culture of research and development, established a professional research and development technology service system, deepened the product platform of professional design on the basis of 45 years of small home appliance design and manufacturing, and created
2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. market value with the global brands and customers; adhere on close interaction and strategic cooperation
with customers and innovative research and development, so that to enhance the product value from innovation to meet customers' needs, create new market demand and face the industry competition. The company adheres to the two development routes of innovation research and development and technology application, the double cycle strategy of global market and Chinese domestic market. On the
basis of expanding the global international market, the company increases the development of the domestic
market in China.
The product focuses on the research and development direction of product function, smart home appliance
and the application of scene IOT technology, providing high added value of solid function, intelligent
operation, green energy saving. The company creates new market demand and faces the industry competition
around the products of appearance level, quality and value. In the reporting period, the Company obtained 43 patents in R&D, including 29 invention patents, 10 utility
model patents and 4 design patents. The acquisition of patents will help improve the protection of the
Company’s intellectual property rights, give play to its competitive edge in independent property rights, keep
a leading position in technology and increase its core competitiveness. IV. Main business analysis
1. Overview
For the reporting period, the operating revenue of the Company amounted to RMB1,584 million, decreasing
32.51% from last year; the profit before tax of the Company amounted to RMB139 million, decreasing
24.53% from last year; the net profit attributable to shareholders of the Company amounted to RMB94.2833 million, decreasing 22.88% from last year; and the basic earnings per share of the Company is
RMB0.51, RMB0.15 lower than that of last year.
The main reason for the change in the above indicators is the recession of the global consumer market, the
lack of purchasing power, and the unsatisfactory consumption of customer inventory. Orders have gradually
fallen since the first half of the year. Under the general downturn of the consumption environment, the
company will continue to expand the momentum of order receiving to increase revenue and profit through
close interaction with customers and innovative research and development. 2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. 2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
Item2022 2021 +/-%
 AmountIn total operating revenues (%)AmountIn total operating revenues (%) 
By segments     
Small home appliance manufacturing1,500,156,144.1294.692,267,468,882.0896.60-33.84
Other services84,111,384.965.3179,811,418.483.405.39
Total1,584,267,529.08100.002,347,280,300.56100.00-32.51
By products     
Cooking utensils944,835,478.4759.641,593,009,945.4867.87-40.69
Everyday home appliances366,208,675.0623.12453,992,911.2819.34-19.34
Tea and coffee makers169,414,501.9810.69207,555,003.708.84-18.38
Other products19,697,488.611.2412,911,021.620.5552.56
Other services84,111,384.965.3179,811,418.483.405.39
Total1,584,267,529.08100.002,347,280,300.56100.00-32.51
By areas     
Australia36,160,110.012.2872,781,067.493.10-50.32
Africa35,772,966.672.2617,004,158.120.72110.38
America622,677,921.0939.301,212,559,936.1251.66-48.65
Europe419,003,051.0426.45535,993,134.9422.84-21.83
Asia470,653,480.2729.71508,942,003.8921.68-7.52
Total1,584,267,529.08100.002,347,280,300.56100.00-32.51
(2) Segments, products or areas contributing over 10% of operating revenues or profit ? Applicable ? Inapplicable
Unit: RMB Yuan

ItemOperating revenueCost of salesGross profit margin (%)Operating revenue: +/-% from last yearCost of sales: +/-% from last yearGross profit margin: +/-% from last year
By segments      
Small home appliance manufacturing1,500,156,144.121,280,524,186.6814.64-33.84-35.622.36
2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. 2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
ItemOperating revenueCost of salesGross profit margin (%)Operating revenue: +/-% from last yearCost of sales: +/-% from last yearGross profit margin: +/-% from last year
Other services84,111,384.9625,490,844.7269.695.39-3.212.69
Total1,584,267,529.081,306,015,031.4017.56-32.51-35.203.42
By products      
Cooking utensils944,835,478.47808,741,287.2914.40-40.69-41.701.48
Everyday home appliances366,208,675.06319,155,173.7712.85-19.34-22.723.82
Tea and Coffee makers169,414,501.98140,499,683.6417.07-18.38-22.414.32
Other products19,697,488.6112,128,041.9838.4352.5654.65-0.83
Other services84,111,384.9625,490,844.7269.695.39-3.212.69
Total1,584,267,529.081,306,015,031.4017.56-32.51-35.203.42
By areas      
Australia36,160,110.0130,347,478.2216.07-50.32-51.191.50
Africa35,772,966.6728,464,470.6920.43110.3896.305.70
America622,677,921.09537,370,246.5513.70-48.65-49.451.36
Europe419,003,051.04349,905,513.1516.49-21.83-25.874.55
Asia470,653,480.27359,927,322.7923.53-7.52-10.862.87
Total1,584,267,529.081,306,015,031.4017.56-32.51-35.203.42
In the event that the statistical caliber of the Company's main business data is adjusted during the reporting period,
the Company's main business data for the latest 1 year is adjusted to the caliber at the end of the reporting period
? Applicable ? Inapplicable
(3) Are the Company’s goods selling revenue higher than the service revenue? ? Yes ? No

SegmentItemUnit20222021YoY +/-%
Small home appliance manufacturingSales volumeUnit15,716,82428,765,567-45.36
 OutputUnit15,977,28627,666,083-42.25
Reasons for any over-30% YoY movement of the data above:
? Applicable ?Inapplicable
The 45.36% decrease in sales volume and 42.25% decrease in production volume compared to the same period
were mainly due to the decrease in orders during the period. 2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. 2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
SegmentItem2022 2021 YoY +/-%
  AmountIn total cost of sales (%)AmountIn total cost of sales (%) 
Small home appliance manufacturingRaw materials901,964,809.1869.061,426,141,784.4270.76-36.75
 Third-party processing155,970,727.7611.95258,607,931.5512.83-39.69
 Labor cost102,620,452.587.86147,780,952.257.33-30.56
 Manufacturing expenses56,709,145.314.3479,140,555.953.93-28.34
 Transportation cost14,422,508.751.1032,107,163.631.59-55.08
 Other48,836,543.103.7445,315,411.612.257.77
OtherOther25,490,844.721.9526,336,497.021.31-3.21
Total 1,306,015,031.40100.002,015,430,296.43100.00-35.20
(6) Whether there were changes of the consolidation scope during the reporting period ?Yes ?No
In March 2022, the Company cancelled its subsidiary Shanghai Canxing Trading Co. Ltd., which was no longer
included in the scope of consolidated financial statements from the date of cancellation. In July 2022, the Company cancelled its subsidiary Zhangzhou Tsann Kuen Nangang Electric Co. Ltd., which was
no longer included in the scope of consolidated financial statements from the date of cancellation.
(7) List of the significant changes or adjustment of the industries, products or services of the Company
during the reporting period
? Applicable ? Inapplicable
(8) List of the major trade debtors and major suppliers
List of the major trade debtors of the Company

Total sales of the top 5 customers (RMB Yuan)1,023,761,601.30
Ratio of the total sales of the top 5 customers to the annual total sales (%)68.24
Ratio of the total sales of related parties among the top 5 customers to the annual total sales (%)0.00
2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd. 2022 Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
Serial No.Name of customerSales amount (RMB Yuan)Proportion in annual total sales (%)
11282,213,419.3218.81
22253,985,117.2716.93
33190,964,290.4412.73
44165,041,909.1211.00
55131,556,865.158.77
Total 1,023,761,601.3068.24
Notes of the other situation of the major customers (未完)
各版头条