[三季报]老板电器(002508):2024年第三季度报告(英文版）
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时间：2024年10月30日 21:25:48 中财网 |
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原标题: 老板电器:2024年第三季度报告(英文版）
Stock code: 002508 Stock name: Robam Appliances Announcement No.: 2024-065 Hangzhou Robam Appliances Co., Ltd.
Q3 2024 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 Q3 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?
□ Yes ?No
| | The reporting period | YoY change | From the beginning of
the year to the end of
the reporting period | YoY change | | Operating Income
(RMB) | 2,666,415,701.28 | -11.07% | 7,395,769,773.08 | -6.78% | | Net profit attributable
to shareholders of the
listed company (RMB) | 442,820,994.37 | -18.49% | 1,202,179,949.11 | -12.44% | | Net profit attributable
to shareholders of the
listed company after
deducting non-
recurring gains/losses
(RMB) | 416,751,314.41 | -22.34% | 1,074,509,592.29 | -16.27% | | Net cash flow from
operating activities
(RMB) | — | — | 525,768,857.38 | -62.30% | | Basic earnings per
share (EPS)
(RMB/share) | 0.47 | -18.07% | 1.27 | -12.41% | | Diluted EPS
(RMB/share) | 0.47 | -18.07% | 1.27 | -12.41% | | Weighted average
return on net assets | 4.01% | A decrease of 1.23% | 11.01% | A decrease of 2.44% | | | End of the reporting
period | End of last year | Change | | | Total assets (RMB) | 15,811,645,443.39 | 16,779,531,315.72 | -5.77% | | | Owner's equity
attributable to
shareholders of the
listed company (RMB) | 10,800,542,004.48 | 10,522,938,731.68 | 2.64% | |
(II) Items and Amounts of Non-recurring Gains and Losses
?Applicable □Not applicable
| Item | Amount for the current
reporting period | Amount from the beginning
of the year to the end of the
reporting period | Description | | Gains and losses on disposal
of non-current assets
(including the written-off
part of the provision for asset
impairment accrued) | -1,563,822.48 | -2,326,587.21 | | | Government subsidies
included in current gains and | 10,037,822.62 | 57,436,043.17 | | | losses (excluding government
subsidies closely related to
the Company's normal
business, in line with national
policy, enjoyed according to
established standards, and
having a sustained impact on
the Company's gains and
losses). | | | | | Reversal of impairment
provision for accounts
receivable tested for
impairment separately | 27,334,228.58 | 104,094,655.48 | | | Other gain/loss items
conforming to the definition
of non-recurring gains/losses | -4,707,590.18 | -6,912,672.47 | | | Less: Affected amount of
income tax | 4,632,991.02 | 23,049,171.27 | | | Affected amount of
minority shareholders’ equity
(after tax) | 397,967.56 | 1,571,910.88 | | | Total | 26,069,679.96 | 127,670,356.82 | -- |
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 Profits and Losses (referred to
as “Announcement No.1”) are defined as recurring profits and losses ?Applicable □Not applicable
| Item | Amount (in RMB) | Reasons | | VAT exemption, reduction or refund | 46,295,809.64 | National tax policy, regular business | | Refund of individual income tax
handling fee | 582,923.47 | National tax policy, regular business |
(III) Changes in Major Accounting Data and Financial Indicators and Their Reasons ?Applicable □ Not applicable In RMB
| Balance sheet items | September 30, 2024 | January 01, 2024 | Percentage
of change | Reason for change | | Cash and cash
equivalents | 1,187,511,979.38 | 1,985,050,745.11 | -40.18% | Mainly due to the increase in bank
finance. | | Financial assets held
for trading | 1,505,004,112.33 | 2,730,000,000.00 | -44.87% | Mainly due to the conversion of some
short-term financial investments to
long-term financial investments. | | Prepayments | 188,466,191.58 | 139,713,471.58 | 34.89% | Mainly due to the increase in
prepayments for materials. | | Other current assets | 1,581,587,487.51 | 2,647,808,620.70 | -40.27% | Mainly due to the decrease in trading
financial assets. | | Long-term equity
investment | 4,449,676.77 | 8,427,450.24 | -47.20% | Mainly due to operating losses of
associated and joint venture
companies. | | Long-term prepaid
expenses | 2,726,098.85 | 5,034,659.37 | -45.85% | Mainly due to the decrease in the
balance after periodic amortization. | | Other non-current | 4,063,506,755.93 | 1,922,329,328.65 | 111.38% | Mainly due to the conversion of some | | | | | | | | Payroll payable | 41,037,458.88 | 177,923,042.01 | -76.94% | Mainly due to the payment of
employee salaries and bonuses at the
end of the previous year. | | Other payables | 285,970,379.60 | 755,964,919.76 | -62.17% | Mainly due to the completion of
dividend payments. | | Non-current liabilities
due within one year | 10,836,551.02 | 4,522,658.42 | 139.61% | Mainly due to the increase in lease
liabilities maturing within one year. | | Lease liabilities | 1,167,955.38 | 10,750,792.90 | -89.14% | Mainly due to the decrease resulting
from the expiration of property leases. | | Capital reserve | 236,346,741.98 | 411,778,214.22 | -42.60% | Mainly due to the repurchase and
cancellation of treasury shares. | | Income statement
items | From the beginning of
the year to the end of
the reporting period | The same period last
year | Percentage
of change | Reason for change | | Interest expenses | 2,541,064.67 | 4,604,050.66 | -44.81% | Mainly due to the decrease in loan
interest payments. | | Investment income | 67,413,198.19 | 34,689,912.04 | 94.33% | Mainly due to the increase in returns
from matured financial investments. | | Loss from credit
impairment | -9,908,601.43 | 42,031,011.45 | -123.57% | Mainly due to the increase in the
provision for bad debts. | | Loss from assets
impairment | 1,930,820.03 | 8,547,180.72 | -77.41% | Mainly due to the decrease in the
provision for inventory write-downs. | | Gains on asset
disposals | -2,325,065.84 | -1,683,400.02 | 38.12% | Mainly due to the increase in losses
from the sale of mortgaged properties
for projects. | | Non-operating income | 847,605.05 | 3,890,738.08 | -78.21% | Mainly due to the decrease in other
income. | | Total comprehensive
income attributable to
minority shareholders | -16,507,785.91 | -11,061,832.50 | 49.23% | Mainly due to increased losses of
subsidiaries. | | Cash flow statement
items | From the beginning of
the year to the end of
the reporting period | The same period last
year | Percentage
of change | Reason for change | | Net cash flow from
operating activities | 525,768,857.38 | 1,394,577,576.86 | -62.30% | Mainly due to the decrease in
payment collection and the increase in
payments to suppliers. | | Net cash flow from
investment activities | 97,017,348.45 | -624,301,350.06 | -115.54% | Mainly due to the recovery of
matured financial investments. | | Net cash flow from
financing activities | -1,426,212,996.85 | -430,024,891.02 | 231.66% | Mainly due to the increase in dividend
payments. |
II. Shareholder Information
(I) Total Number of Common Shareholders and Preferred Shareholders with the Voting Rights Recovered and Shareholding of the Top 10 Shareholders
Unit: share
| Total number of common
shareholders at the end of the
reporting period | 55,834 | Total number of preferred shareholders with the
voting rights recovered at the end of reporting period
(if any) | 0 | | | | | Shareholdings of the top 10 shareholders (excluding shares lent through refinancing) | | | | | | | | Name of
shareholder | Nature of
shareholder | Shareholding
ratio | Number of
shares | Number of
shares subject
to sales
restrictions | Pledged, marked or frozen shares | | | | | | | | Status | Quantity | | Hangzhou
Robam
Industrial | Domestic non-
state-own ed
corporation | 49.94% | 471,510,000 | 0 | Not Applicable | 0 | | Group Co., Ltd. | | | | | | | | Hong Kong
Securities
Clearing
Company
Limited | Overseas
corporation | 10.16% | 95,912,736 | 0 | Not Applicable | 0 | | Shen Guoying | Domestic
natural person | 1.30% | 12,240,000 | 0 | Not Applicable | 0 | | TEMASEK
FULLERTON
ALPHA PTE
LTD | Overseas
corporation | 1.05% | 9,950,061 | 0 | Not Applicable | 0 | | 413 Portfolio of
National Social
Security Fund | Others | 0.93% | 8,816,586 | 0 | Not Applicable | 0 | | Agricultural
Bank of China
Co., Ltd. - CSI
500 Exchange
Traded Fund | Others | 0.92% | 8,649,700 | 0 | Not Applicable | 0 | | Schroder
Investment
Management
(Hong Kong)
Limited -
Schroder
Global Equity
Fund China A-
Shares
(Exchange) | Others | 0.87% | 8,202,175 | 0 | Not Applicable | 0 | | 406 Portfolio of
National Social
Security Fund | Others | 0.83% | 7,829,500 | 0 | Not Applicable | 0 | | Hangzhou
Jinchuang
Investment Co.,
Ltd. | Domestic non-
state-own ed
corporation | 0.70% | 6,640,085 | 0 | Not Applicable | 0 | | Hangzhou
Yinchuang
Investment Co.,
Ltd. | Domestic non-
state-own ed
corporation | 0.67% | 6,318,000 | 0 | Not Applicable | 0 | | Shareholdings of the top 10 shareholders not subject to sales restrictions (excluding shares lent through refinancing and executive
locked shares) | | | | | | | | Name of shareholder | Number of shares not subject to sales restrictions | Type of share and number of
shares | | | | | | | | Type of share | Quantity | | | | | Hangzhou Robam Industrial
Group Co., Ltd. | 471,510,000 | RMB ordinary
shares | 471,510,000 | | | | | Hong Kong Securities Clearing
Company Limited | 95,912,736 | RMB ordinary
shares | 95,912,736 | | | | | Shen Guoying | 12,240,000 | RMB ordinary
shares | 12,240,000 | | | | | TEMASEK FULLERTON
ALPHA PTE LTD | 9,950,061 | RMB ordinary
shares | 9,950,061 | | | | | 413 Portfolio of National Social
Security Fund | 8,816,586 | RMB ordinary
shares | 8,816,586 | | | | | Agricultural Bank of China Co., | 8,649,700 | RMB ordinary | 8,649,700 | | | |
| Ltd. - CSI 500 Exchange Traded
Fund | | shares | | | Schroder Investment Management
(Hong Kong) Limited - Schroder
Global Equity Fund China A-
Shares (Exchange) | 8,202,175 | RMB ordinary
shares | 8,202,175 | | 406 Portfolio of National Social
Security Fund | 7,829,500 | RMB ordinary
shares | 7,829,500 | | Hangzhou Jinchuang Investment
Co., Ltd. | 6,640,085 | RMB ordinary
shares | 6,640,085 | | Hangzhou Yinchuang Investment
Co., Ltd. | 6,318,000 | RMB ordinary
shares | 6,318,000 | | Description of the associated relationship or
consistent actions of the above shareholders | Mr. Ren Jianhua is the actual controller of the controlling shareholder of
the Company - Hangzhou Robam Industrial Group Co., Ltd., and the
shareholder of the Company - 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) | None | | |
Shares lending through refinancing involving shareholders holding more than 5% of the shares, the top 10 shareholders, and the
top 10 shareholders of unrestricted circulating shares
□Applicable ?Not applicable
Compared to the previous period, the change is due to the top 10 shareholders and the top 10 unrestricted circulating shareholders
lending/returning shares for refinancing purposes.
□Applicable ?Not applicable
(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.
September 30, 2024
| Item | Ending balance | Beginning balance | | Current assets: | | | | Cash and cash equivalents | 1,187,511,979.38 | 1,985,050,745.11 | | Deposit reservation for balance | | | | Lendings to banks and other financial
institutions | | | | Financial assets held for trading | 1,505,004,112.33 | 2,730,000,000.00 | | Derivative financial assets | | | | Notes receivable | 660,771,403.83 | 696,284,931.64 | | Accounts receivable | 1,855,011,205.94 | 1,810,015,596.33 | | Accounts receivable financing | | | | Prepayments | 188,466,191.58 | 139,713,471.58 | | Receivable premium | | | | Reinsurance accounts receivable | | | | Reinsurance contract reserves
receivable | | | | Other receivables | 68,915,679.88 | 53,368,667.34 | | Inc: Interests receivable | | | | Dividends receivable | | | | Redemptory monetary capital for sale | | | | Inventory | 1,349,677,443.38 | 1,524,274,720.24 | | Including: Data resources | | | | Contract assets | | | | Assets held for sale | | | | Non-current assets due within one year | | | | Other current assets | 1,581,587,487.51 | 2,647,808,620.70 | | Total current assets | 8,396,945,503.83 | 11,586,516,752.94 | | Non-current assets: | | | | Loans and advances | | | | Creditors investment | | | | Other debt investment | | | | Long-term account receivable | | | | Long-term equity investment | 4,449,676.77 | 8,427,450.24 | | Investment in other equity instruments | 2,116,023.22 | 2,116,023.22 | | Other non-current financial assets | 580,000,000.00 | 480,000,000.00 | | Investment properties | 85,785,303.72 | 91,136,832.31 | | Fixed assets | 1,638,741,222.27 | 1,720,724,257.46 | | Construction in process | 420,935,341.30 | 359,768,699.68 | | Biological assets for production | | | | Oil & gas assets | | | | Right of use assets | 9,827,974.23 | 13,802,458.98 | | Intangible assets | 211,698,545.64 | 214,553,739.31 | | Including: Data resources | | | | Development expenditure | | | | Including: Data resources | | | | Goodwill | 12,223,271.67 | 12,223,271.67 | | Long-term prepaid expenses | 2,726,098.85 | 5,034,659.37 | | Deferred income tax assets: | 382,689,725.96 | 362,897,841.89 | | Other non-current assets | 4,063,506,755.93 | 1,922,329,328.65 | | Total non-current assets | 7,414,699,939.56 | 5,193,014,562.78 | | Total assets | 15,811,645,443.39 | 16,779,531,315.72 | | Current liabilities: | | | | Short-term borrowings | 91,028,415.27 | 95,003,320.70 | | Borrowings from the central bank | | | | Borrowings from banks and other
financial institutions | | | | Financial liabilities held for trading | | | | Derivative financial liabilities | | | | Notes payables | 957,292,366.65 | 1,098,720,000.58 | | Accounts payable | 2,276,240,394.54 | 2,548,743,762.06 | | Advance receipts | | | | Contract liabilities | 807,896,234.74 | 1,019,942,923.58 | | Financial assets sold for repurchase | | | | Deposits from customers and | | | | interbank | | | | Receivings from vicariously traded
securities | | | | Receivings from vicariously traded
securities | | | | Payroll payable | 41,037,458.88 | 177,923,042.01 | | Taxes payable | 200,464,714.09 | 154,365,676.80 | | Other payables | 285,970,379.60 | 755,964,919.76 | | Inc: Interests payable | | | | Dividends payable | | 472,047,458.00 | | Fees and commissions payable | | | | Dividends payable for reinsurance | | | | Liabilities held for sale | | | | Non-current liabilities due within one
year | 10,836,551.02 | 4,522,658.42 | | Other current liabilities | 95,122,165.21 | 118,041,351.23 | | Total current liabilities | 4,765,888,680.00 | 5,973,227,655.14 | | Non-current liabilities: | | | | Reserves for insurance contracts | | | | Long-term loans | | | | Bonds payable | | | | Inc: Preferred shares | | | | Perpetual bonds | | | | Lease liabilities | 1,167,955.38 | 10,750,792.90 | | Long-term accounts payable | | | | Long-term payroll payable | | | | Estimated liabilities | | | | Deferred income | 120,001,869.66 | 136,538,254.74 | | Deferred income tax liabilities | 32,895,403.53 | 28,418,565.01 | | Other non-current liabilities | | | | Total non-current liabilities | 154,065,228.57 | 175,707,612.65 | | Total liabilities | 4,919,953,908.57 | 6,148,935,267.79 | | Owner’s equity: | | | | Capital stock | 944,129,516.00 | 949,024,050.00 | | Other equity instruments | | | | Inc: Preferred shares | | | | Perpetual bonds | | | | Capital reserve | 236,346,741.98 | 411,778,214.22 | | Less: treasury share | | 199,995,742.59 | | Other comprehensive income | -100,292,930.82 | -100,157,634.16 | | Special reserve | | | | Surplus reserve | 474,516,412.50 | 474,516,412.50 | | General risk reserves | | | | Undistributed profits | 9,245,842,264.82 | 8,987,773,431.71 | | Total owners’ equity attributable to the
parent company | 10,800,542,004.48 | 10,522,938,731.68 | | Minority interests | 91,149,530.34 | 107,657,316.25 | | Total owners’ equity | 10,891,691,534.82 | 10,630,596,047.93 | | Total liabilities and owner’s equity | 15,811,645,443.39 | 16,779,531,315.72 |
Legal representative: Ren Jianhua Person in charge of accounting: Zhang Guofu Head of the accounting department: Zhang Guofu
2. Consolidated income statement from the beginning of the year to the end of the reporting period In RMB
| Item | Amount of the current period | Amount of the previous period | | I. Total operating income | 7,395,769,773.08 | 7,933,319,563.87 | | Inc: Operating income | 7,395,769,773.08 | 7,933,319,563.87 | | Interest income | | | | Earned premium | | | | Fee and commission income | | | | II. Total operating costs | 6,146,967,386.74 | 6,498,916,320.12 | | Inc: Operating costs | 3,665,988,049.74 | 3,805,533,766.69 | | 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 | 56,000,589.33 | 53,213,630.60 | | Sales expenses | 1,942,660,453.45 | 2,139,755,936.49 | | Administrative expenses | 341,872,251.66 | 326,660,700.72 | | R&D expenses | 276,355,597.58 | 279,326,363.45 | | Financial expenses | -135,909,555.02 | -105,574,077.83 | | Including: Interest expenses | 2,541,064.67 | 4,604,050.66 | | Interest income | 140,964,132.11 | 108,569,307.33 | | Add: other income | 104,314,776.28 | 99,374,995.14 | | Investment income (“-” for
losses) | 67,413,198.19 | 34,689,912.04 | | Including: Income from
investment in joint ventures and
affiliated enterprises | -3,680,047.24 | -1,730,643.18 | | 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) | -9,908,601.43 | 42,031,011.45 | | Losses from asset impairment (“-
” for losses) | 1,930,820.03 | 8,547,180.72 | | Gains on disposal of assets (“-”
for losses) | -2,325,065.84 | -1,683,400.02 | | III. Operating profits (“-” for losses) | 1,410,227,513.57 | 1,617,362,943.08 | | Add: non-operating income | 847,605.05 | 3,890,738.08 | | Less: non-operating expenditure | 7,761,798.89 | 6,487,049.60 | | IV. Total profits (“-” for total losses) | 1,403,313,319.73 | 1,614,766,631.56 | | Less: income tax expenses | 217,608,806.01 | 252,847,427.81 | | V. Net profits (“-” for losses) | 1,185,704,513.72 | 1,361,919,203.75 | | (I) By operational sustainability | | | | 1. Net profits from continuing | 1,185,704,513.72 | 1,361,919,203.75 | | operations (“-” for net losses) | | | | 2. Net profits from discontinued
operations (“-” for net losses) | | | | (II) By ownership | | | | 1. Net profit attributable to
shareholders of the parent company (“-”
for net losses) | 1,202,179,949.11 | 1,372,981,036.25 | | 2. Minority shareholders’ gains and
losses (“-” for net losses) | -16,475,435.39 | -11,061,832.50 | | VI. After-tax net amount of other
comprehensive income | -167,647.18 | | | After-tax net amount of other
comprehensive income attributable to the
owners of parent company | -135,296.66 | | | (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 | -135,296.66 | | | 1. Other comprehensive income
which can be transferred into gains and
losses under the equity method | | | | 2. Changes in fair value of other
debt investments | | | | 3. Amount of financial assets
reclassified into other comprehensive
income | | | | 4. Provision for credit impairment
of other debt investments | | | | 5. Cashflow hedge reserve | | | | 6. Converted difference in foreign
currency statements | -135,296.66 | | | 7. Others | | | | After-tax net amount of other
comprehensive income attributable to
minority shareholders | -32,350.52 | | | VII. Total comprehensive income | 1,185,536,866.54 | 1,361,919,203.75 | | (I) Total comprehensive income
attributable to the owners of the parent
company | 1,202,044,652.45 | 1,372,981,036.25 | | (II) Total comprehensive income
attributable to minority shareholders | -16,507,785.91 | -11,061,832.50 | | VIII. Earnings per share (EPS): | | | | (I) Basic EPS | 1.27 | 1.45 | | (II) Diluted EPS | 1.27 | 1.45 |
In the case of merger of enterprises under the same control in the current period, the net profit realized by the merged party before （未完）
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