[三季报]美的集团(000333):2023年第三季度报告（英文）

 时间：2023年10月30日 21:33:05 中财网

原标题:美的集团:2023年第三季度报告（英文）

Stock code: 000333 Stock name: Midea Group Announcement No.: 2023-086
Midea Group Co., Ltd.
Interim Report for the Third Quarter 2023
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

　July-September 2023YoY Change (%)January- September 2023YoY Change (%)
Operating revenue (RMB'000)94,122,1087.32%291,110,5107.67%
Net profit attributable to shareholders of the Company (RMB'000)9,485,19011.93%27,717,48113.27%
Net profit attributable to shareholders of the Company before non-recurring gains and losses (RMB'000)9,188,7369.73%26,840,58911.53%
Net cash flows from operating activities (RMB'000)————44,787,05651.96%
Basic earnings per share (RMB/share)1.3911.20%4.0613.09%
Diluted earnings per share (RMB/share)1.3912.10%4.0513.13%
Weighted average ROE (%)6.27%-0.19%18.41%0.05%
　30 September 202331 December 2022Change (%)　
Total assets (RMB'000)465,019,979422,555,26710.05%　
Net assets attributable to shareholders of the Company (RMB'000)156,226,891142,935,2369.30%　
The Company recorded revenue of RMB21.3 billion, RMB21.2 billion, and RMB22.9 billion respectively from new energy & industrial technology, intelligent building technologies, and robotics &
automation during the nine months ended 30 September 2023, up 25%, 19%, and 17% respectively on a year-on-year basis.
1.2 Non-recurring gains and losses
√Applicable □N/A
Unit: RMB’000

ItemJuly-September 2023January-September 2023Note
Gain or loss from disposal of non-current assets-30,510-21,985　
Except for effectively hedging business related to normal business operations of the Company, gain or loss 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 income or loss produced from the disposal of the aforesaid financial assets and liabilities23,65248,671　
Other non-operating income and expenses except340,311979,692　
above-mentioned items　　　
　　　　
Less: Corporate income tax52,836138,099　
Minority interests (after tax)-15,837-8,613　
Total296,454876,892--
Particulars about 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 an item as a recurring gain/loss item, which is enumerated as a non-recurring gain/loss in the :
□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)30 September 2023/January- September 202331 December 2022/January- September 2022Change (%)Reasons for the changes
Financial assets held for trading10,961,0113,284,593233.71%Mainly due to the increased structured deposits
Other debt investments6,265,55411,094,259-43.52%Mainly due to the decreased large- denomination negotiable certificates of deposit
Investment properties1,363,365809,93668.33%Mainly due to the increased business combinations
Construction in progress6,020,8353,843,77756.64%Mainly due to the increased business combinations
Other non-current assets67,912,42442,840,07958.53%Mainly due to the increased investments in fixed-income products
Short-term borrowings12,494,7275,169,480141.70%Mainly due to the increased trade financings
Customer deposits and deposits from banks and other financial institutions118,32877,46952.74%Mainly due to the changes in the operations of the finance business
Taxes payable6,587,5204,955,33532.94%Mainly due to the increased income tax payable
Current portion of non- current liabilities20,454,1077,240,626182.49%Mainly due to the transfer from long-term borrowings
Lease liabilities1,982,2111,507,48031.49%Mainly due to the new lease contracts
Provisions670,072394,97769.65%Mainly due to the increased provisions for risk
Other non-current liabilities30,033680,482-95.59%Mainly due to the payments for equity acquisitions
Other comprehensive income-372,801108,289-444.26%Mainly due to the changes in cash flow hedging reserve
Minority interests12,035,3668,988,56633.90%Mainly due to the increased business combinations
Investment income505,083862,732-41.46%Mainly due to the decreased investment income from the disposal of derivative financial assets and liabilities
Gains/(Losses) on changes in fair value118,137-1,042,032111.34%Mainly due to the changes in the fair value of investments in equity instruments
Non-operating income183,740292,601-37.20%Mainly due to the decreased government subsidies
Non-operating expenses181,09771,626152.84%Mainly due to the increased other expenses
Income tax expenses5,495,2554,189,93331.15%Mainly due to the increased profit before tax
Net profit attributable to minority interests569,608223,805154.51%Mainly due to the increased profits of non-wholly-owned subsidiaries
Net cash flows from operating activities44,787,05629,472,35251.96%Mainly due to the increased cash received from sales of goods or rendering of services
Net cash flows from investing activities-33,608,113-18,705,995-79.66%Mainly due to the increased cash paid to acquire investments
Net cash flows from financing activities-13,409,903-1,171,191-1044.98%Mainly due to the decreased cash received from borrowings
Net increase in cash and cash equivalents-2,060,5759,944,675-120.72%Mainly due to the decreased net cash flows from investing 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-end325,280Total number of preference shareholders with resumed voting rights at the period- end (if any)0　　　
Top 10 shareholders　　　　　　
Name of shareholderNature of shareholderSharehol ding percenta ge (%)Number of shares heldNumber of restricted shares heldShares in pledge or frozen　
　　　　　StatusShares
Midea Holding Co., Ltd.Domestic non-30.852,169,178,713　In100,000,000
　state-owned corporation　　　pledg e　
Hong Kong Securities Clearing Company LimitedForeign corporation19.971,404,332,481　--
China Securities Finance Co., Ltd.Domestic non- state-owned corporation2.82198,145,134　--
Fang HongboDomestic individual1.66116,990,49287,742,869--
Central Huijin Asset Management Ltd.State-owned corporation1.2688,260,460　--
Huang JianDomestic individual1.2386,170,000　--
Canada Pension Plan Investment Board－ own funds (stock exchange)Foreign corporation0.7754,007,196　--
Li JianweiForeign individual0.6545,591,545　--
UBS AGForeign corporation0.6344,033,057　--
Temasek Fullerton Alpha Pte LtdForeign corporation0.5236,841,885　--
Top 10 non-restricted shareholders　　　　　　
Name of shareholderNumber of non-restricted shares held at the period- endType of shares　　　　
　　TypeShares　　　
Midea Holding Co., Ltd.2,169,178,713RMB common stock2,169,178,713　　　
Hong Kong Securities Clearing Company Limited1,404,332,481RMB common stock1,404,332,481　　　
China Securities Finance Co., Ltd.198,145,134RMB common stock198,145,134　　　
Central Huijin Asset Management Ltd.88,260,460RMB common stock88,260,460　　　
Huang Jian86,170,000RMB common stock86,170,000　　　
Canada Pension Plan Investment Board－ own funds (stock exchange)54,007,196RMB common stock54,007,196　　　
Li Jianwei45,591,545RMB common stock45,591,545　　　
UBS AG44,033,057RMB common stock44,033,057　　　
Temasek Fullerton Alpha Pte Ltd36,841,885RMB common stock36,841,885　　　
Yuan Liqun36,337,100RMB common stock36,337,100　　　
Explanation of related relationship or/and acting-in- concert parties among the above-mentioned shareholdersN/A　　　　　
Explanation on the top 10 common shareholders participating in securities margin tradingThe Company’s shareholder Yuan Liqun holds 6,002,100 shares in the Company through her common securities account and 30,335,000 shares in the Company through her account of collateral securities for margin trading, representing a total holding of 36,337,100 shares in the Company.　　　　　
Special account for repurchased shares among the top 10 shareholders118,366,752 shares (or 1.68% 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.　　　　　
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
Consolidated and Company Balance Sheets


Prepared by Midea Group Co. Ltd. As at 30 September 2023 Unit: RMB’000

ASSETS30 September 202331 December 202230 September 202331 December 2022
　ConsolidatedConsolidatedCompanyCompany
Current assets:　　　　
Cash at bank and on hand68,099,57855,270,09926,000,60128,492,401
Financial assets held for trading10,961,0113,284,5937,316,970274,120
Derivative financial assets473,550665,484--
Notes receivable5,108,5244,758,129--
Accounts receivable35,752,20328,237,973--
Receivables financing16,935,62613,526,540--
Advances to suppliers3,876,7614,367,21140,38234,724
Contract assets4,838,1454,498,956--
Loans and advances13,506,00314,138,756--
Other receivables1,942,5712,211,17724,639,37626,175,101
Inventories33,379,15446,044,897--
Current portion of non-current assets39,828,06837,553,07834,483,34333,168,421
Other current assets38,560,28446,542,37826,512,09433,476,601
Total current assets273,261,478261,099,271118,992,766121,621,368
Non-current assets:　　　　
Other debt investments6,265,55411,094,2593,306,1447,215,301
Long-term receivables641,523614,598--
Loans and advances930,113693,294--
Long-term equity investments4,991,6565,188,81774,697,61073,103,569
Investments in other equity instruments41,22841,359--
Other non-current financial assets9,189,87010,625,244293,453347,698
Investment properties1,363,365809,936404,262386,435
Fixed assets28,676,37026,082,9921,318,7581,223,553
Construction in progress6,020,8353,843,777672,066504,757
Right-of-use assets2,844,1832,339,8782,9458,040
Intangible assets18,378,52216,908,915642,871653,320
Goodwill29,954,51928,548,653--
Long-term prepaid expenses1,620,4751,579,89974,74685,109
Deferred tax assets12,927,86410,244,296285,405327,251
Other non-current assets67,912,42442,840,07962,512,63535,423,939
Total non-current assets191,758,501161,455,996144,210,895119,278,972
TOTAL ASSETS465,019,979422,555,267263,203,661240,900,340





Consolidated and Company Balance Sheets (Cont’d)

Prepared by Midea Group Co. Ltd. As at 30 September 2023 Unit: RMB’000


LIABILITIES AND SHAREHOLDERS’ EQUITY30 September 202331 December 202230 September 202331 December 2022
　ConsolidatedConsolidatedCompanyCompany
Current liabilities:　　　　
Short-term borrowings12,494,7275,169,480400,000-
Customer deposits and deposits from banks and other financial institutions118,32877,469--
Financial liabilities held for trading1,321,5671,580,771--
Derivative financial liabilities211,314234,606--
Notes payable18,635,36825,572,421--
Accounts payable71,440,91664,233,225--
Contract liabilities29,041,40927,960,038--
Employee benefits payable6,998,1537,152,217108,554173,824
Taxes payable6,587,5204,955,335549,747718,181
Other payables4,165,0774,322,025186,392,250159,953,351
Current portion of non-current liabilities20,454,1077,240,62612,423,4985,896,701
Other current liabilities72,366,51057,843,52842,38377,066
Total current liabilities243,834,996206,341,741199,916,432166,819,123
Non-current liabilities:　　　　
Long-term borrowings38,727,27950,685,9489,000,00015,619,900
Bonds payable3,238,1273,163,616--
Lease liabilities1,982,2111,507,480-2,350
Provisions670,072394,977--
Deferred income1,997,7741,721,092190,758152,548
Long-term employee benefits payable1,289,7071,488,456--
Deferred tax liabilities4,987,5234,647,673--
Other non-current liabilities30,033680,482--
Total non-current liabilities52,922,72664,289,7249,190,75815,774,798
Total liabilities296,757,722270,631,465209,107,190182,593,921
Shareholders’ equity:　　　　
Share capital7,030,7716,997,2737,030,7716,997,273
Capital surplus21,368,05619,693,13929,556,08927,826,208
Less: Treasury stock(13,406,249)(14,933,944)(13,406,249)(14,933,944)
Other comprehensive income(372,801)108,2891,892(5,679)
General risk reserve679,682671,999--
Special reserve17,12016,350--
Surplus reserve10,702,92810,702,92810,702,92810,702,928
Undistributed profits130,207,384119,679,20220,211,04027,719,633
Total equity attributable to shareholders of the Company156,226,891142,935,23654,096,47158,306,419
Minority interests12,035,3668,988,566--
Total shareholders’ equity168,262,257151,923,80254,096,47158,306,419
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY465,019,979422,555,267263,203,661240,900,340

Legal representative: Principal in charge of accounting: Head of accounting department:
Fang Hongbo Zhong Zheng Chen Lihong
Consolidated and Company Income Statements

Prepared by Midea Group Co. Ltd. For the nine months ended 30 September 2023 Unit: RMB’000

ItemFor the nine months ended 30 September 2023For the nine months ended 30 September 2022For the nine months ended 30 September 2023For the nine months ended 30 September 2022
　ConsolidatedConsolidatedCompanyCompany
Total revenue292,379,658271,775,057807,7411,128,972
Including: Operating revenue291,110,510270,366,753807,7411,128,972
Interest income1,268,6731,407,722--
Fee and commission income475582--
Total operating cost(260,261,351)(243,771,100)343,587618,929
Including: Cost of sales(215,876,420)(206,530,717)(30,606)(31,123)
Interest costs(21,818)(35,457)--
Fee and commission expenses(2,027)(1,721)--
Taxes and surcharges(1,325,457)(1,155,550)(25,709)(11,208)
Selling and distribution expenses(25,346,676)(21,196,708)--
General and administrative expenses(9,337,069)(8,044,890)(1,030,915)(922,674)
Research and development expenses(10,013,534)(8,916,512)--
Financial income1,661,6502,110,4551,430,8171,583,934
Including: Interest expenses(2,285,139)(1,269,255)(2,232,397)(1,952,684)
Interest income5,113,6374,256,8953,671,0773,545,017
Add: Other income1,414,3101,274,08430,58819,594
Investment income505,083862,7328,577,7565,999,505
Including: Investment income from associates and joint ventures620,966478,015178,044207,222
Gains/(Losses) on changes in fair value118,137(1,042,032)87,451(161,751)
Asset impairment losses(172,481)(195,425)--
Credit impairment losses(181,670)(236,992)6971,477
Losses on disposal of assets(21,985)(3,640)(86)(281)
Operating profit33,779,70128,662,6849,847,7347,606,445
Add: Non-operating income183,740292,6019,55533,677
Less: Non-operating expenses(181,097)(71,626)(371)(10,286)
Total profit33,782,34428,883,6599,856,9187,629,836
Less: Income tax expenses(5,495,255)(4,189,933)(183,895)(287,458)
Net profit28,287,08924,693,7269,673,0237,342,378
(1) Classified by continuity of operations　　　　
Net profit from continuing operations28,287,08924,693,7269,673,0237,342,378
Net profit from discontinued operations----
(2) Classified by ownership of the equity　　　　
Attributable to shareholders of the Company27,717,48124,469,9219,673,0237,342,378
Minority interests569,608223,805--
Other comprehensive income, net of tax(543,238)2,314,9887,5714,838
Other comprehensive income attributable to equity owners of the Company, net of tax(481,090)2,332,0177,5714,838
(1) Other comprehensive income items which will not be reclassified subsequently to profit or loss(11,761)236,579--
1) Changes arising from remeasurement of defined benefit plan(11,761)233,662--
2) Changes in fair value of investments in other equity instruments-2,917--
(2) Other comprehensive income items which will be reclassified subsequently to profit or loss(469,329)2,095,4387,5714,838
1) Other comprehensive income that will be transferred subsequently to profit or loss17,32326,3697,5714,838
under the equity method　　　　
2) Cash flow hedging reserve(556,111)381,971--
3) Differences on translation of foreign currency financial statements84,6301,687,098--
4) Other(15,171)---
Other comprehensive income attributable to minority shareholders, net of tax(62,148)(17,029)--
Total comprehensive income27,743,85127,008,7149,680,5947,347,216
Attributable to equity owners of the Company27,236,39126,801,9389,680,5947,347,216
Attributable to minority interests507,460206,776--
Earnings per share:　　　　
(1) Basic earnings per share (RMB Yuan)4.063.59Not applicableNot applicable
(2) Diluted earnings per share (RMB Yuan)4.053.58Not applicableNot applicable
Legal representative: Principal in charge of accounting: Head of accounting department: （未完）
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