虹美菱B：2021年第一季度报告全文（英文版）.PDF
Changhong Meiling Co., Ltd.The First Quarterly Report of 2021 Changhong Meiling Co., Ltd. The First Quarterly Report of 2021 April 2021 1 Changhong Meiling Co., Ltd.The First Quarterly Report of 2021 Section I. Important Notes Board of Directors and the Supervisory Committee of Changhong Meiling Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any fictitious statements, misleading statements or important omissions carried in this report, and shall take legal responsibilities, individual and/or joint. Mr.Wu Dinggang, person in charge of the Company, Mr. Pang Haitao, person in charger of accounting works and Mr.Yang Jun, person in charger of accounting organ (accounting officer) hereby confirm that the Financial Report of this Quarterly Report is authentic, accurate and complete. Prompt of non-standard audit opinion Applicable Not applicable The First Quarterly Report of 2021 has not been audited. All Directors are attended the Board Meeting for Quarterly Report deliberation.2 Changhong Meiling Co., Ltd.The First Quarterly Report of 2021 Section II. Basic situation of the Company I. Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data or not Yes No This Period Same period of last year Changes of this period over same period of last year Operating income (RMB) 4,130,121,476.44 2,281,578,242.02 81.02% Net profit attributable to shareholders of the listed company (RMB) 5,297,826.42 -270,008,124.67 101.96% Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) -26,469,858.74 -282,956,643.92 90.65% Net cash flow arising from operating activities (RMB) -968,522,457.80 -1,003,451,132.76 3.48% Basic earnings per share (RMB/Share) 0.0051 -0.2585 101.97% Diluted earnings per share (RMB/Share) 0.0051 -0.2585 101.97% Weighted average ROE 0.11% -5.54% 5.65 percentage points increased End of this period End of last period Changes of this period-end over same period-end of last year Total assets (RMB) 16,470,661,999.78 16,103,355,454.46 2.28% Net assets attributable to shareholder of listed company (RMB) 4,853,488,708.14 4,854,173,682.43 -0.01% Items of non-recurring gains and losses Applicable Not applicable In RMB Item Amount from year-begin to period-end Note Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) -489,522.55 Found in “Asset disposal income”, “Non-operating expenditure” Governmental subsidy reckoned into current gains/losses (not including the subsidy enjoyed in quota or ration according to national standards, which are closely relevant to enterprises business) 13,160,582.16 Found in “Other income” Losses/gains from changes of fair values occurred in holding trading financial assets, derivative financial assets, trading 21,063,671.48 Found in “Investment income” and “Changes in fair value gains/losses” 3 Changhong Meiling Co., Ltd.The First Quarterly Report of 2021 financial liabilities and derivative financial liabilities, and investment income obtaining from the disposal of trading financial assets, derivative financial assets, trading financial liability, derivative financial liability and other debt investment, excluded effective hedging business relevant with normal operations of the Company Other non-operating income and expenditure except for the aforementioned items 4,032,625.02 Found in “Non-operating income”, “Non-operating expenditure” Less: impact on income tax 39,843.29 Impact on minority shareholders equity (post-tax) 5,959,827.66 Total 31,767,685.16 - Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public - Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public - Extraordinary Profit/loss, explain reasons Applicable Not applicable The Company has no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public - Extraordinary Profit/loss, in the period. II. Total number of shareholders at the end of this report period and top ten shareholders 1. Total number of common shareholders and preference shareholders with voting rights recovered and top ten common shareholders In shares Total number of common shareholders at the end of report period 85,066 Total preference shareholders with voting rights recovered at end of reporting period (if applicable) 0 Top ten shareholders Shareholders name Nature of shareholder Proportion of shares held Amount of shares held Amount of lock-up shares held Number of share pledged/frozen State of share Amount Sichuan Changhong Electric Co., Ltd. State-owned legal person 23.79% 248,457,724 0 - - Hefei Industrial Investment Holding (Group) Co., Ltd. State-owned legal person 4.58% 47,823,401 0 - - 4 Changhong Meiling Co., Ltd.The First Quarterly Report of 2021 Changhong (Hong Kong) Trade Co., Ltd. Foreign legal person 2.59% 27,077,797 0 - - Ma Guobin Domestic nature person 2.23% 23,333,500 0 - - CAO SHENGCHUN Foreign nature person 1.41% 14,766,086 0 - - Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) Domestic non-state-owned legal person 1.03% 10,733,452 0 - - Securities A/C for Repurchase under the name of Changhong Meiling Co., Ltd. Domestic general legal person 0.80% 8,388,888 0 - - Philip Securities (H.K.) Co., Ltd. Foreign legal person 0.60% 6,296,913 0 - - Gu Jie Domestic nature person 0.41% 4,285,700 0 - - Wang Yumei Domestic nature person 0.41% 4,267,600 0 - - Top ten shareholders with unrestricted shares held Shareholders name Amount of unrestricted shares held Type of shares Type Amount Sichuan Changhong Electric Co., Ltd. 248,457,724 RMB ordinary shares 248,457,724 Hefei Industrial Investment Holding (Group) Co., Ltd. 47,823,401 RMB ordinary shares 47,823,401 Changhong (Hong Kong) Trade Co., Ltd. 27,077,797 Domestically listed foreign shares 27,077,797 Ma Guobin 23,333,500 RMB ordinary shares 23,333,500 CAO SHENGCHUN 14,766,086 Domestically listed foreign shares 14,766,086 Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) 10,733,452 RMB ordinary shares 10,733,452 Securities A/C for Repurchase under the name of Changhong Meiling Co., Ltd. 8,388,888 Domestically listed foreign shares 8,388,888 Philip Securities (H.K.) Co., Ltd. 6,296,913 Domestically listed foreign shares 6,296,913 Gu Jie 4,285,700 RMB ordinary shares 4,285,700 Wang Yumei 4,267,600 RMB ordinary shares 4,267,600 Explanation on associated Among the above shareholders, CHANGHONG (HK) TRADING LIMITED (hereinafter referred to as Hong Kong Changhong) is the wholly-owned subsidiary of Sichuan Changhong Electric Co., Ltd. (Hereinafter referred 5 Changhong Meiling Co., Ltd.The First Quarterly Report of 2021 relationship among the aforesaid shareholders to as Sichuan Changhong); except the shares of the Company directly held by Hong Kong Changhong, 6,296,913 shares of B-stock are also held through Phillip Securities (Hong Kong) Co., Ltd., the foregoing shareholders constitute persons of uniform action. There existed no associated relationship or belong to the concerted actors as specified in the Measures for the Administration of Information Disclosure of Shareholder Equity Changes of Listed Companies among Sichuan Changhong, Hong Kong Changhong and other top 6 shareholders (except Philip Securities (H.K.) Co., Ltd.); “Caitong Fund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund (Limited Partnership) ” refers to the products of Caitong Fund Management Company subscribe for privately placement of 2016; The company neither knows whether there is any association among other shareholders, nor knows whether other shareholders belong to the persons acting in concert that is stipulated in the “Administrative Measures on Information Disclosure of Changes in Shareholding of Listed Companies”. Explanation on top ten common shareholders involving margin business (if applicable) As of March 31, 2021, among the top 10 common shareholders, Ma Guobin holds 22,514,000 shares of the Company through customer credit trading secured account of Founder Securities Co., Ltd., and 819,500 shares hold through common securities account, thus 23,333,500 shares of the Company are held in total. The shareholder-Gu Jie holds 4,285,700 shares of the Company through customer credit trading secured account of China Merchants Securities Co., Ltd. Note 1: At end of the reporting period, the person acting in concert with controlling shareholder Sichuan Changhong- CHANGHONG (HK) TRADING LIMITED, holds B-stock of the Company as 33,374,710 shares, among which, 6,296,913 shares are held through Philip Securities (H.K.) Co., Ltd. by CHANGHONG (HK) TRADING LIMITED. Note 2: In the above table, Particulars about shares held above 5% by shareholders or top 10 shares holding is subject to the data on stock transfer books provided by China Securities Depository and Clearing Corporation Limited Shenzhen Branch. Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period Yes No The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back agreement dealing in reporting period. 2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred stock held Applicable Not applicable 6 Changhong Meiling Co., Ltd.The First Quarterly Report of 2021 Section III. Significant Events I. Particulars about material changes in items of main accounting statement and financial index and explanations of reasons Applicable Not applicable (i) Changes and reasons of items in balance sheet In RMB Item Ending balance Opening balance Changes ratio Item Money funds 4,408,281,323.05 6,594,786,789.98 -33.16% Mainly due to the purchase of financial products and net cash outflow from operating activities in the Period Trading financial assets 1,028,680,651.61 47,242,339.07 2,077.45% Mainly due to the purchase of financial products in the Period Accounts receivable 1,778,186,759.73 1,130,275,780.66 57.32% Mainly due to the increase of operation revenue in the Period Advance payment 58,012,556.17 30,105,373.40 92.70% Mainly due to the advance purchase payment increased in the Period Inventory 2,667,019,319.18 1,715,354,951.43 55.48% Mainly due to the gain in yield in the Period Right-of-use asset 22,258,350.11 - 100.00% Mainly due to the implementation of new leasing standards in the Period Employee compensation payable 198,470,767.14 290,321,776.05 -31.64% Mainly due to the payment of wages in the Period Taxes payable 61,038,028.05 89,682,433.90 -31.94% Mainly due to the VAT retention credit from subsidiary Changhong Air-conditioner increased in the Period Non-current liabilities due within one year 115,715,827.98 407,825,150.74 -71.63% Mainly due to the repayment of long-term loans due within one year in the Period Other current liabilities 34,135,600.19 22,923,698.73 48.91% Mainly due to the taxes on contract liabilities increased in the Period Long term loan 488,518,705.55 188,231,439.30 159.53% Mainly due to the long-term loans increased in the Period Lease liability 12,940,572.85 - 100.00% Mainly due to the implementation of new leasing standards in the Period Deferred income tax liabilities 6,268,762.89 10,575,582.33 -40.72% Mainly due to the reversal of deferred income tax liabilities in the Period (ii) Changes and reasons of items in profit statement In RMB 7 Changhong Meiling Co., Ltd.The First Quarterly Report of 2021 Item Amount at the period Amount at the same period of last year Changes ratio Reasons of changes Operation revenue 4,130,121,476.44 2,281,578,242.02 81.02% Mainly due to the impact of COVID-19 outbreak in the same period of the previous year Operating cost 3,462,713,769.04 1,991,759,544.67 73.85% Same as “Operation revenue” Taxes and surcharges 27,280,660.16 18,907,987.65 44.28% Same as “Operation revenue” Financial expenses -1,483,821.14 4,376,275.14 -133.91% Mainly due to the gains/losses of changes in foreign exchange Gains from changes in fair value -17,465,727.43 -3,935,681.27 -343.78% Mainly due to the fair value changes in forward foreign exchange contract Investment income 31,431,230.42 7,493,976.04 319.42% Mainly due to the y-o-y increase of forward foreign exchange contract delivery proceeds Credit impairment loss -14,975,095.55 -33,262,321.33 54.98% Mainly due to the impairment loss of note receivable and account receivable increased from a year earlier Assets disposal income -132,879.85 262,008.65 -150.72% Mainly due to the loss from part of the assets disposal in the Period Income tax expenses 5,426,757.07 -6,990,752.22 177.63% The income tax expenses increased due to the taxable income amount increased in the Period Minority interest 6,070,032.95 -8,756,819.19 169.32% Profitability from part of the non-wholly-owned subsidiaries increased from a year earlier (iii) Changes and reasons of items in cash flow statement In RMB Item Amount at the period Amount at the same period of last year Changes ratio Reasons of changes Cash received from selling goods and providing services 3,373,434,107.23 2,514,448,244.56 34.16% Cash received from selling goods and providing services increased on a y-o-y basis Other cash paid concerning operation activities 270,888,821.50 188,388,232.21 43.79% The restricted monetary funds increased in the Period Cash received from investment income 0.00 2,279,362.48 -100.00% At same period last year, received dividends from joint venture subsidiaries while no such amount occurred in the Period Net cash received from disposal of fixed assets, intangible assets and other long-term assets 226,967.80 600.00 37,727.97% The cash received from disposal of fixed assets and intangible assets are increased from a year earlier Other cash received in connection with 65,932,678.99 39,748,651.98 65.87% The income from forward foreign exchange contract 8 Changhong Meiling Co., Ltd.The First Quarterly Report of 2021 investment activities delivery proceeds increased from a year earlier Cash paid for acquisition and construction of fixed assets, intangible assets and other long-term assets 86,274,381.23 65,387,929.38 31.94% The cash flow paid for purchasing fixed assets in the Period increased on a y-o-y basis Cash paid for investments 1,000,000,000.00 1
