[一季报]老板电器(002508):2023年第一季度报告（英文版）
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时间：2023年05月22日 19:13:26 中财网 |
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原标题:老板电器:2023年第一季度报告（英文版）
Stock code：002508 Stock name：Robam Appliances Announcement No.：2023-016
Hangzhou Robam Appliances Co., Ltd.
Q1 2023 Report
Hangzhou Robam Appliances Co., Ltd. (“the Company”) and all members of its Board of Directors hereby guarantee that there
are no false representations, misleading statements or material omissions in this Quarterly Report (“the Report”), and the information
contained herein is authentic, accurate and complete.Important Notes：
1. The Board of Directors, the Board of Supervisors, as well as the directors, supervisors and senior management of the Company
hereby guarantee that there are no false representations, misleading statements or material omissions in the Report, and are severally
and jointly liable for the authenticity, accuracy and completeness of the information contained herein.
2. The head of the Company, the person in charge of the Company’s accounting and the head of the accounting department (the
accountant in charge) hereby declare and warrant that the financial report contained in the Report is authentic, accurate, and
complete.
3. Whether the Q1 Report has been audited？
□Yes ?No
I. Key Financial Data
(I) Key Accounting Data and Financial Indicators
Whether the Company needs to retroactively adjust or restate the accounting data of previous years?
| | The reporting period | The same period last year | YoY change (%) | | Operating income (RMB) | 2,177,271,694.59 | 2,086,165,521.12 | 4.37% | | Net profit attributable to
shareholders of the listed company
(RMB) | 388,734,141.35 | 367,704,718.16 | 5.72% | | Net profit attributable to
shareholders of the listed company
after deducting non-recurring
gains/losses (RMB) | 341,448,848.17 | 335,557,193.45 | 1.76% | | Net cash flow from operating
activities (RMB) | 181,762,454.94 | 127,753,283.12 | 42.28% | | Basic earnings per share (EPS)
(RMB/share) | 0.41 | 0.39 | 5.13% | | Diluted EPS (RMB/share) | 0.41 | 0.39 | 5.13% | | Weighted average return on net
assets | 3.92% | 4.17% | Decreased by 0.25% | | | End of the reporting period | End of last year | Change (%) | | Total assets (RMB) | 14,886,393,291.48 | 15,039,825,287.53 | -1.02% | | Owner's equity attributable to
shareholders of listed company
(RMB) | 10,123,300,464.11 | 9,732,463,766.91 | 4.02% |
(II) Items and Amounts of Non-recurring Gains and Losses
?Applicable □Not Applicable
| Item | Amount of the reporting
period | Description | | Gains and losses on disposal of non-current assets (including the part
written-off with provision for asset impairment accrued) | -176,917.16 | | | Government subsidy included in current gains and losses (except the
government subsidy closely related to the Company’s normal business, in
line with national policy and enjoyed by quota or ration in accordance with
the unified national standard) | 42,061,222.76 | | | Reversal of impairment provision for accounts receivable subject to separate
impairment testing | 15,448,446.01 | | | Other non-operating revenues and expenses except the above items | 98,937.78 | | | Less: Affected amount of income tax | 9,160,234.74 | | | Affected amount of minority shareholders’ equity (after tax) | 986,161.47 | | | Total | 47,285,293.18 | |
Other items of gains and losses meeting the definition of non-recurring gains and losses: □Applicable ?Not Applicable
The Company does not have other items of gains and losses meeting the definition of non-recurring gains and losses
Explanation on the circumstance where items of the non-recurring gains and losses listed in the Explanatory Announcement No. 1 on
Information Disclosure for Companies Offering Their Securities to the Public — Non-recurring Gains and Losses (referred to as
“Announcement No.1”) are defined as recurring gains and losses There is no circumstance where the items of non-recurring gains and losses enumerated in accordance with the Announcement No.1
are defined as recurring gains and losses.
(III) Changes in Major Accounting Data and Financial Indicators and Their Reasons ?Applicable □Not Applicable
1. Balance sheet items
At the end of the reporting period, notes receivable decreased by 22.58% as compared with that at the beginning of the year, mainly
due to the maturity and payment of commercial paper.
At the end of the reporting period, the long-term equity investment decreased by 28.57% as compared with that at the beginning of the
year, mainly due to the investment losses in joint ventures and affiliated companies. At the end of the reporting period, right-of-use assets decreased by 19.53% and lease liabilities reduced by 22.17% as compared with
that at the beginning of the year, mainly due to the completion of the payment of lease fees in the current period.
At the end of the reporting period, short-term borrowings increased by 40.88% as compared with that at the beginning of the year,
mainly due to the increase of RMB 15 million in bank borrowings by the subsidiary Kinde. At the end of the reporting period, taxes payable increased by 33.92% as compared with that at the beginning of the year, mainly due
to the increase in income tax and value added tax.
At the end of the reporting period, the payroll payable decreased by 67.57% as compared with that at the beginning of the year, mainly
due to the completion of the payment of employees' salaries and bonuses last year. 2. Cash flow statement items
During the reporting period, net cash flow from operating activities increased by 42.28% as compared with that during the same
period of the previous year, mainly due to the increase in sales repayment in the current period. During the reporting period, net cash flow from financing activities increased by 111.17% as compared with that during the same
period of the previous year, mainly due to the increase of RMB 15 million in bank borrowings by the subsidiary Kinde.
II. Shareholder Information
(I) Total Number of Common Stockholders, the Number of Preferred Stockholders with the Voting Rights
Recovered and Shareholding of the Top 10 Stockholders
Unit: share
| Total number of common shareholders
at the end of the reporting period | 53,121 | Total number of preferred shareholders with the
voting rights recovered at the end of reporting
period | 0 | | | | | Shareholding of the top 10 shareholders | | | | | | | | Name of shareholder | Nature of
shareholder | Shareholdi
ng ratio
(%) | Number of shares | Number
of shares
subject to
sales
restriction
s | Pledged, marked or frozen shares | | | | | | | | Status | Quantity | | Hangzhou Robam
Industrial Group
Co., Ltd. | Domestic non-
state-own ed
corporation | 49.68% | 471,510,000.00 | | | | | Hong Kong
Securities Clearing
Company Limited | Overseas
corporation | 11.67% | 110,727,422.00 | | | | | TEMASEK
FULLERTON | Overseas
corporation | 1.79% | 16,950,061.00 | | | | | ALPHA PTE LTD | | | | | | | | Shen Guoying | Domestic
natural person | 1.29% | 12,240,000.00 | | | | | National Social
Security Fund 418
Portfolio | Others | 0.72% | 6,822,706.00 | | | | | CITIC Securities
Co., Ltd. - Social
Security Fund 1106
Portfolio | Others | 0.71% | 6,699,366.00 | | | | | Hangzhou Jinchuang
Investment Co., Ltd. | Domestic non-
state-own ed
corporation | 0.70% | 6,640,085.00 | | | | | PICC Property and
Casualty Company
Limited - traditional
- general insurance
products | Others | 0.67% | 6,358,572.00 | | | | | Hangzhou
Yinchuang
Investment Co., Ltd. | Domestic non-
state-own ed
corporation | 0.67% | 6,318,000.00 | | | | | Ren Jianhua | Domestic
natural person | 0.62% | 5,923,150.00 | 4,442,362
.00 | | | | Shareholding of the top 10 shareholders not subject to sales restrictions | | | | | | | | Name of shareholder | Number of shares not subject to sales
restrictions | Type of share | | | | | | | | Type of share | Quantity | | | | | Hangzhou Robam Industrial Group
Co., Ltd. | 471,510,000.00 | RMB ordinary
shares | 471,510,000.00 | | | | | Hong Kong Securities Clearing
Company Limited | 110,727,422.00 | RMB ordinary
shares | 110,727,422.00 | | | | | TEMASEK FULLERTON ALPHA
PTE LTD | 16,950,061.00 | RMB ordinary
shares | 16,950,061.00 | | | | | Shen Guoying | 12,240,000.00 | RMB ordinary
shares | 12,240,000.00 | | | | | National Social Security Fund 418
Portfolio | 6,822,706.00 | RMB ordinary
shares | 6,822,706.00 | | | | | CITIC Securities Co., Ltd. - Social
Security Fund 1106 Portfolio | 6,699,366.00 | RMB ordinary
shares | 6,699,366.00 | | | | | Hangzhou Jinchuang Investment Co.,
Ltd. | 6,640,085.00 | RMB ordinary
shares | 6,640,085.00 | | | | | PICC Property and Casualty Company
Limited - traditional - general
insurance products | 6,358,572.00 | RMB ordinary
shares | 6,358,572.00 | | | | | Hangzhou Yinchuang Investment Co.,
Ltd. | 6,318,000.00 | RMB ordinary
shares | 6,318,000.00 | | | | | Industrial and Commercial Bank of
China Limited - Penghua Quality
Preferred Hybrid Securities Investment
Fund | 5,787,141.00 | RMB ordinary
shares | 5,787,141.00 | | | | | Description of the associated relationship or
consistent actions of the above shareholders | Mr. Ren Jianhua is the actual controller of the controlling shareholder
Hangzhou Robam Industrial Group Co., Ltd. and the shareholder
Hangzhou Jinchuang Investment Co., Ltd.; and the natural person
shareholder, Shen Guoying, is his wife. Therefore, there is a possibility
that these shareholders will act in concert. | | | | | | | Description of the top 10 shareholders engaging in
securities margin trading (if any) | N/A | | | | | |
(II) Total Number of the Company’s Preferred Shareholders and Shareholding of the Top 10 Preferred
Shareholders
□Applicable ?Not Applicable
III. Other Significant Matters
□Applicable ?Not Applicable
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by: Hangzhou Robam Appliances Co., Ltd.
March 31, 2023
| Item | Ending balance | Beginning balance | | Current assets: | | | | Cash and cash equivalents | 5,737,166,577.91 | 5,292,762,670.94 | | Deposit reservation for balance | | | | Lending funds to banks and other
financial institutions | | | | Financial assets held for trading | 2,209,796,337.00 | 2,511,844,508.00 | | Derivative financial assets | | | | Notes receivable | 682,640,861.08 | 881,773,341.71 | | Accounts receivable | 1,616,860,067.25 | 1,689,606,828.94 | | Accounts receivable financing | | | | Prepayments | 173,579,650.69 | 177,500,353.37 | | Receivable premium | | | | Reinsurance accounts receivable | | | | Provision of cession receivable | | | | Other receivables | 95,371,929.96 | 80,429,057.84 | | Including: Interests receivable | | | | Dividends receivable | | | | Redemptory monetary capital for sale | | | | Inventory | 1,527,411,635.01 | 1,610,110,798.10 | | Contract assets | | | | Assets held for sale | | | | Non-current assets due within one year | | | | Other current assets | 526,356.76 | 334,348.76 | | Total current assets | 12,043,353,415.66 | 12,244,361,907.66 | | Non-current assets: | | | | Loans and advances | | | | Debt investment | | | | Other debt investment | | | | Long-term receivables | | | | Long-term equity investment | 6,227,805.58 | 8,718,505.62 | | Investment in other equity instruments | 2,116,023.22 | 2,116,023.22 | | Other non-current financial assets | | | | Investment real estate | 61,375,342.15 | 55,887,198.54 | | Fixed assets | 1,641,667,146.44 | 1,622,235,227.74 | | Construction in process | 391,705,625.91 | 406,258,146.69 | | Productive biological assets | | | | Oil & gas assets | | | | Right-of-use assets | 17,879,722.14 | 22,220,144.13 | | Intangible assets | 217,982,009.79 | 221,356,558.38 | | Development expenses | | | | Goodwill | 60,573,832.56 | 60,573,832.56 | | Long-term deferred expenses | 5,834,322.27 | 5,852,899.90 | | Deferred income tax assets | 380,344,520.95 | 340,811,345.96 | | Other non-current assets | 57,333,524.81 | 49,433,497.13 | | Total non-current assets | 2,843,039,875.82 | 2,795,463,379.87 | | Total assets | 14,886,393,291.48 | 15,039,825,287.53 | | Current liabilities: | | | | Short-term borrowings | 72,865,891.92 | 51,723,429.99 | | Borrowings from the central bank | | | | Borrowings from banks and other
financial institutions | | | | Financial liabilities held for trading | | | | Derivative financial liabilities | | | | Notes payables | 840,386,677.81 | 872,550,306.86 | | Accounts payable | 2,107,196,027.20 | 2,418,755,167.31 | | Advance receipts | | | | Contract liabilities | 814,877,464.88 | 959,915,567.03 | | Financial assets sold for repurchase | | | | Deposits from customers and
interbank | | | | Receivings from vicariously traded
securities | | | | Receivings from vicariously sold
securities | | | | Payroll payable | 49,919,563.11 | 153,942,329.88 | | Taxes payable | 204,029,124.47 | 152,351,620.58 | | Other payables | 277,703,667.55 | 281,878,208.25 | | Including: Interests payable | | | | Dividends payable | | | | Fees and commissions payable | | | | Dividends payable for reinsurance | | | | Liabilities held for sale | | | | Non-current liabilities due within one
year | 5,671,571.33 | 5,720,175.21 | | Other current liabilities | 106,145,513.51 | 120,126,501.73 | | Total current liabilities | 4,478,795,501.78 | 5,016,963,306.84 | | Non-current liabilities: | | | | Reserves for insurance contracts | | | | Long-term loans | | | | Bonds payable | | | | Including: Preferred shares | | | | Perpetual bonds | | | | Lease liabilities | 14,467,234.35 | 18,588,966.67 | | Long-term accounts payable | | | | Long-term payroll payable | | | | Estimated liabilities | | | | Deferred income | 124,070,014.96 | 123,912,110.43 | | Deferred income tax liabilities | 21,750,200.14 | 22,107,934.58 | | Other non-current liabilities | | | | Total non-current liabilities | 160,287,449.45 | 164,609,011.68 | | Total liabilities | 4,639,082,951.23 | 5,181,572,318.52 | | Owner’s equity: | | | | Capital stock | 949,024,050.00 | 949,024,050.00 | | Other equity instruments | | | | Including: Preferred shares | | | | Perpetual bonds | | | | Capital reserve | 412,100,221.43 | 409,997,665.58 | | Less: treasury share | 199,995,742.59 | 199,995,742.59 | | Other comprehensive income | -100,157,634.16 | -100,157,634.16 | | Special reserves | | | | Surplus reserves | 474,516,412.50 | 474,516,412.50 | | General risk reserves | | | | Undistributed profits | 8,587,813,156.93 | 8,199,079,015.58 | | Total owners’ equity attributable to the
parent company | 10,123,300,464.11 | 9,732,463,766.91 | | Minority shareholders’ equity | 124,009,876.14 | 125,789,202.10 | | Total owners’ equity | 10,247,310,340.25 | 9,858,252,969.01 | | Total liabilities and owner’s equity | 14,886,393,291.48 | 15,039,825,287.53 |
Legal representative: Ren Jianhua Person in charge of accounting: Zhang Guofu Head of the accounting department: Zhang Guofu
2. Consolidated Income Statement
Unit: RMB
| Item | Amount of the current period | Amount of the previous
period | | I. Total operating income | 2,177,271,694.59 | 2,086,165,521.12 | | Inc: Operating income | 2,177,271,694.59 | 2,086,165,521.12 | | Interest income | | | | Earned premium | | | | Fee and commission income | | | | II. Total operating costs | 1,792,745,740.21 | 1,727,936,174.67 | | Inc: Operating costs | 984,337,364.16 | 989,635,398.35 | | Interest expenses | | | | Fee and commission expenses | | | | Surrender value | | | | Net payments for insurance claims | | | | Net allotment of reserves
for insurance liabilities | | | | Policy dividend expenditures | | | | Reinsurance expenses | | | | Taxes and surcharges | 10,857,671.80 | 13,729,855.74 | | Sale expenses | 672,397,550.12 | 605,441,361.10 | | Administrative expenses | 90,902,716.15 | 82,621,074.44 | | R&D expenses | 68,509,891.30 | 67,446,579.35 | | Financial expense | -34,259,453.32 | -30,938,094.31 | | Including: Interest expenses | 897,315.09 | 338,676.96 | | Interest income | 34,936,516.43 | 32,910,853.48 | | Add: other income | 46,812,180.81 | 55,728,815.59 | | Investment income (“-” for losses) | 9,323,093.36 | 12,688,500.39 | | Including: Income from investment in joint
ventures and affiliated enterprises | -2,490,700.04 | -1,084,027.60 | | Gains on derecognition of financial | | | | assets measured at amortized cost | | | | Exchange gains (“-” for losses) | | | | Net exposure hedging gains (“-” for losses) | | | | Gains from changes in fair value (“-” for losses) | | | | Losses from credit impairment
(“-” for losses) | 18,167,476.13 | 4,247,008.89 | | Losses from asset impairment
(“-” for losses) | | | | Gains on disposal of assets (“-” for losses) | -176,472.71 | 195,068.33 | | III. Operating profits (“-” for losses) | 458,652,231.97 | 431,088,739.65 | | Add: non-operating income | 1,279,572.02 | 2,139,106.81 | | Less: non-operating expenditure | 1,181,078.69 | 1,165,689.57 | | IV. Total profits (“-” for total losses) | 458,750,725.30 | 432,062,156.89 | | Less: income tax expenses | 71,795,909.91 | 66,052,657.33 | | V. Net profits (“-” for net losses) | 386,954,815.39 | 366,009,499.56 | | (I) By operational sustainability | | | | 1. Net profits from continuing operations (“-” for net
losses) | 386,954,815.39 | 366,009,499.56 | | 2. Net profits from discontinued operations (“-” for
net losses) | | | | (II) By ownership | | | | 1. Net profits attributable to owners of the parent
company | 388,734,141.35 | 367,704,718.16 | | 2. Minority shareholders’ gains and losses | -1,779,325.96 | -1,695,218.60 | | VI. After-tax net amount of other comprehensive income | | | | After-tax net amount of other comprehensive income
attributable to the owners of parent company | | | | (I) Other comprehensive income that cannot be
reclassified into gains and losses | | | | 1. Changes in re-measured and defined benefit
plans | | | | 2. Other comprehensive income which cannot be
transferred into gains or losses under the equity method | | | | 3. Changes in fair value of the investment in other
equity instruments | | | | 4. Changes in fair value of the credit risk of the
Company | | | | 5. Others | | | | (II) Other comprehensive income which will be
reclassified into gains and losses | | | | 1. Other comprehensive income which can be
transferred into gains and losses under the equity method | | | | 2. Changes in fair value of other debt investment | | | | 3. Amount of financial assets reclassified into
other comprehensive income | | | | 4. Provision for credit impairment of other debt
investment | | | | 5. Cash flow hedge reserve | | | | 6. Converted difference in foreign currency
statements | | | | 7. Others | | | | After-tax net amount of other comprehensive income
attributable to minority shareholders | | | | VII. Total comprehensive income | 386,954,815.39 | 366,009,499.56 | | Total comprehensive income attributable to owners of
the parent company | 388,734,141.35 | 367,704,718.16 | | Total comprehensive income attributable to minority
shareholders | -1,779,325.96 | -1,695,218.60 | | VIII. Earnings per share (EPS): | | | | (I) Basic EPS | 0.41 | 0.39 | | (II) Diluted EPS | 0.41 | 0.39 |
Legal representative: Ren Jianhua Person in charge of accounting: Zhang Guofu Head of the accounting department: Zhang Guofu
3. Consolidated Cash Flow Statement
| Item | Amount of the current period | Amount of the previous
period | | I. Cash flow from operating activities: | | | | Cash received for the sale of goods and rendering of
labor services | 2,493,570,127.22 | 2,371,962,551.90 | | Net increase in clients’ deposits and deposits from
banks and other financial institutions | | | | Net increase in borrowings from the central bank | | | | Net increase in borrowing funds from other financial
institutions | | | | Cash received from receiving insurance premium of
the original insurance contract | | | | Net cash from receiving reinsurance premium | | | | Net increase in deposits and investment of insured
persons | | | | Cash received from interests, fees
and commissions | | | | Net increase in borrowed funds | | | | Net increase in repurchase business funds | | | | Net cash received from vicariously traded securities | | | | Refunds of taxes | 4,092,034.40 | 22,180,694.86 | | Cash received related to other operating activities | 101,227,450.57 | 89,533,206.38 | | Subtotal of cash inflow from operating activities | 2,598,889,612.19 | 2,483,676,453.14 | | Cash paid for purchased products and received labor
services | 1,325,932,721.72 | 1,358,989,299.28 | | Net increase in loans and advances to customers | | | | Net increase in deposits in the Central Bank and other
financial institutions | | | | Cash paid for claims of original insurance contract | | | | Net increase in lending funds | | | | Cash paid for interests, fees and commissions | | | | Cash paid for policy dividends | | | | Cash paid to and on behalf of employees | 300,052,111.20 | 290,317,876.62 | | Cash paid for taxes | 179,634,965.49 | 125,042,444.23 | | Cash paid related to other operating activities | 611,507,358.84 | 581,573,549.89 | | Subtotal of cash outflow from operating activities | 2,417,127,157.25 | 2,355,923,170.02 | | Net cash flow from operating activities | 181,762,454.94 | 127,753,283.12 | | II. Cash flow from investment activities: | | | | Cash received from return of investments | 602,048,171.00 | 626,300,000.00 | | Cash received from return on investments | 11,850,513.00 | 14,448,081.14 | | Net cash received from disposal of fixed assets, | 38,460.00 | 457,000.00 | | intangible assets and other long-term assets | | | | Net cash received from disposal of subsidiaries and
other business entities | | | | Cashes received related to other investment activities | | | | Subtotal of cash inflow from investment activities | 613,937,144.00 | 641,205,081.14 | | Cash paid for purchase and construction of fixed
assets, intangible assets and other long-term assets | 74,076,410.38 | 121,336,583.28 | | Cash paid for investments | 300,000,000.00 | 657,140,000.00 | | Net increase in pledged loans | | | | Net cash from subsidiaries and other operating entities | | | | Cash paid related to other investment activities | | | | Subtotal of cash outflow from investment activities | 374,076,410.38 | 778,476,583.28 | | Net cash flow from investment activities | 239,860,733.62 | -137,271,502.14 | | III. Cash flow from financing activities: | | | | Cash from acquiring investments | | 11,000,000.00 | | Including: Cash received by subsidiaries from
investments of minority shareholders | | 11,000,000.00 | | Cash from acquiring debts | 15,000,000.00 | | | Cashes received related to other financing activities | 6,482,178.88 | 1,012,732.06 | | Subtotal of cash inflow from financing activities | 21,482,178.88 | 12,012,732.06 | | Cash paid for repayments of debts | | | | Cash paid for distribution of dividends, profits or
interest expenses | | | | Including: Dividends or profits paid by subsidiaries
to minority shareholders | | | | Cash paid related to other financing activities | 704,158.14 | 2,173,346.92 | | Subtotal of cash outflow from financing activities | 704,158.14 | 2,173,346.92 | | Net cash flow from financing activities | 20,778,020.74 | 9,839,385.14 | | IV. Effect of change in exchange rate on cash and cash
equivalents | -792,708.11 | -205,124.41 | | V. Net increase in cash and cash equivalents | 441,608,501.19 | 116,041.71 | | Add: Opening balance of cash and cash equivalents | 5,196,414,341.74 | 3,719,988,820.35 | | VI. Closing balance of cash and cash equivalents | 5,638,022,842.93 | 3,720,104,862.06 |
(II) Audit Report （未完）
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