老板电器：2021年第一季度报告全文（英文版）.PDF
Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd. 1 Hangzhou Robam Appliances Co., Ltd. 2021 First Quarterly Report April 2021 Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd. 2 Chapter 1 Important Notes The board of directors, the board of supervisors and directors, supervisors and senior management of the Company hereby guarantee that no false or misleading statement or major omission was made to the materials in this report and that they will assume all the responsibility, individually and jointly, for the authenticity, accuracy and completeness of the contents of the quarterly report. All the directors attended the board meeting during which they reviewed this Quarterly Report. Ren Jianhua, the head of the Company, Zhang Guofu, the head of accounting work, and Zhang Guofu, the head of the accounting body (the accountant in charge) , guarantee the authenticity, accuracy and completeness of the financial report in the quarterly report. Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd. 3 Chapter 2 Company Profile I. Key Accounting Data and Financial Indicators Whether the Company needs to retroactively adjust or restate the accounting data of the previous years Yes No Reporting period Corresponding period of last year Increase/decrease this year compared to the previous year Operating income (yuan) 1,908,332,042.49 1,265,689,550.31 50.77% Net profits attributable to shareholders of listed companies (yuan) 358,828,585.88 245,010,424.02 46.45% Net profits attributable to shareholders of the listed company after deduction of non-recurring profits and losses (yuan) 321,817,120.06 189,293,064.42 70.01% Net cash flow from operating activities (yuan) 145,798,650.84 -244,718,331.36 / Basic EPS (yuan/share) 0.38 0.26 46.15% Diluted EPS (yuan/share) 0.38 0.26 46.15% Weighted average return on net assets 4.36% 3.51% 0.85% End of the reporting period End of previous year Increase/decrease at the end of this reporting period compared to the end of the previous year Total assets (yuan) 12,657,772,626.80 12,457,568,276.25 1.61% Net assets attributable to shareholders of listed companies (yuan) 8,409,455,401.23 8,050,626,815.35 4.46% Items and Amounts of Non-recurring Gains and Losses Applicable Not applicable Unit: yuan Item Amount changes from the beginning of the year to the end of the reporting period Description Profits and losses on the disposal of non-current assets (including the write-off part of the provision for asset impairment) -1,831,792.95 Government subsidies included into the current profits and 47,513,900.41 Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd. 4 losses, except those government subsidies, which are closely related to the business of a company and enjoyed in accordance with a certain standard quota or quantity of the state Income and expenditure other than those mentioned above -2,570,323.63 Less: Amount affected by income tax 6,737,205.70 Amount of minority shareholders equity affected (after tax) -636,887.69 Total 37,011,465.82 - Explain the non-recurrent profit and loss items defined by the Company according to the Interpretative Announcement No. 1 on Information Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses and defined from the non-recurrent profit and loss items enumerated in the Interpretative Announcement No. 1 on Information Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses Applicable Not applicable No definition of non-recurrent profit and loss items defined and enumerated in the Interpretative Announcement No. 1 on Information Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses as non-recurrent profit and loss items during the reporting period. II. Total Number of Shareholders and Shareholdings of the Top Ten Shareholders at the End of the Reporting Period 1. 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 75,073 Total number of preferred shareholders with the voting rights recovered at the end of reporting period (if any) 0 Shareholding of the top 10 shareholders Shareholders name Shareholder nature Shareholding ratio Number of shares Number of shares held with limited sales conditions Pledge or freeze Status of shares Quantity Hangzhou Robam Industrial Group Co., Ltd. Domestic non-state legal person 49.68% 471,510,000 Hong Kong Securities Clearing Co. Ltd. Overseas legal person 12.89% 122,354,048 Shen Guoying Domestic natural person 1.29% 12,240,000 Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd. 5 China Life Insurance Company Co., Ltd - Traditional - General Insurance Products Other 1.01% 9,632,407 Hangzhou Jinchuang Investment Co., Ltd. Domestic non-state legal person 1.00% 9,451,985 TEMASEK FULLERTON ALPHA PTE LTD Overseas legal person 0.96% 9,066,498 Norges Bank - equity fund Overseas legal person 0.94% 8,960,259 China Resources Szitic Trust Co.,Ltd. - China Resources Trust Kuan Yuan Value Renaissance Securities Investment Collect Fund Trust Plan Other 0.71% 6,700,000 Hangzhou Yinchuang Investment Co., Ltd. Domestic non-state legal person 0.67% 6,318,000 China Life Insurance Company Co., Ltd - Traditional - General Insurance Products Other 0.66% 6,299,776 Shareholding of top 10 shareholders with unlimited sales conditions Shareholders name Number of shares held not subject to sales restrictions Type of share Type of share Quantity Hangzhou Robam Industrial Group Co., Ltd. 471,510,000 Common stock in RMB 471,510,000 Hong Kong Securities Clearing Co. Ltd. 122,354,048 Common stock in RMB 122,354,048 Shen Guoying 12,240,000 Common stock in RMB 12,240,000 China Life Insurance Company Co., Ltd - Traditional - General Insurance Products 9,632,407 Common stock in RMB 9,632,407 Hangzhou Jinchuang Investment Co., Ltd. 9,451,985 Common stock in RMB 9,451,985 TEMASEK FULLERTON ALPHA PTE LTD 9,066,498 Common stock in RMB 9,066,498 Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd. 6 Norges Bank - equity fund 8,960,259 Common stock in RMB 8,960,259 China Resources Szitic Trust Co.,Ltd. - China Resources Trust Kuan Yuan Value Renaissance Securities Investment Collect Fund Trust Plan 6,700,000 Common stock in RMB 6,700,000 Hangzhou Yinchuang Investment Co., Ltd. 6,318,000 Common stock in RMB 6,318,000 China Life Insurance Company Co., Ltd - Traditional - General Insurance Products 6,299,776 Common stock in RMB 6,299,776 Description of the associated relationship or consistent actions of the above shareholders The actual controller of the Companys controlling shareholder Hangzhou Robam Industrial Group Co., Ltd. and the shareholder Hangzhou Jinchuang Investment Co., Ltd. is Mr. Ren Jianhua, and the natural person shareholder Shen Guoying is the wife of Ren Jianhua. The above shareholders have the possibility of acting in unison. Description of the top 10 shareholders engaging in securities margin trading (if any) N/A Whether the Companys top 10 common shareholders and op 10 common shareholders with unlimited sales conditions agreed on a repurchase transaction during the reporting period Yes No The Companys top 10 common shareholders and op 10 common shareholders with unlimited sales conditions did not agree on a repurchase transaction during the reporting period 2. Total number of the Companys preferred shareholders and shareholding of the top 10 preferred shareholders Applicable Not applicable Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd. 7 Chapter 3 Significant Matters I. Cases and causes for the change in Major Financial Data and Financial Indicators during the Reporting Period Applicable Not applicable 1. Balance sheet items At the end of the reporting period, accounts receivable decreased by 38.42% as compared with that at the beginning of the year, which was mainly caused by the retrieve of receivables. At the end of the reporting period, prepayments increased by 62.40 % as compared with that at the beginning of the year, which was mainly caused by the increase in prepayments for the purchase of raw materials. At the end of the reporting period, the deferred income tax assets increased by 46.81 % as compared with that at the beginning of the year, which was mainly caused by the temporary differences arising from prepaid sales expenses. At the end of the reporting period, the payroll payable decreased by 86.29% as compared with that at the beginning of the year, which was mainly caused by the payment of employee salaries and bonuses last year. 2. Income statement items Benefiting from good control of the epidemic, the operating conditions of various categories and channels in the reporting period of the Company have been greatly improved as compared with that in the same period of previous year. Operating income increased by 50.77% and net profit attributable to the parent company increased by 46.45% as compared with that in the same period of previous year; Operating costs, selling expenses, administrative expenses, etc., increased accordingly as compared with that in the same period of previous year. 3. Cash flow statement items Net cash flows from investment activities decreased by 34.21% as compared with that in the same period of the previous year, which was mainly caused by the increase in the amount purchased from bank wealth management products. II. Progress and Influence of Significant Matters, and the Analysis and Explanation on Solutions Applicable Not applicable Implementation progress of share repurchase Applicable Not applicable Implementation progress of reducing repurchased shares by centralized competitive bidding Applicable Not applicable III. Commitments not Fully Fulfilled by the Companys Actual Controllers, Shareholders, Affiliates, Acquirers and Other Commitment Parties During the Reporting Period Applicable Not applicable Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd. 8 During the reporting period, there were no commitments not fully fulfilled by the Companys actual controllers, shareholders, affiliates, acquirers and other commitment parties during the reporting period. IV. Financial Asset Investment 1. Securities investment Applicable Not applicable The Company had no securities investments in the reporting period. 2. Derivative investment Applicable Not applicable The Company had no derivative investments in the reporting period. V. Progress of Investment Projects Funded by Raised Funds Applicable Not applicable VI. Prediction of Operating Results in January - June 2021 Warnings and reasons for the prediction of the potential losses in the accumulated net profit from the beginning of the year to the end of the next reporting period or significant changes as compared with that in the same period of the previous year Applicable Not applicable VII. Material Contracts for Daily Operations Applicable Not applicable VIII. Entrusted Financial Management Applicable Not applicable Unit: 10,000 yuan Specific type Source of funds for entrusted financing Amount incurred in entrusted financing Outstanding balance Overdue amount not recovered Bank financial products Owned fund 50,000 222,500 0 Total 50,000 222,500 0 Specific circumstance of high-risk entrusted financing with significant single amount or with low security, poor liquidity and not break-even Applicable Not applicable The entrusted financing is expected not to recover the principal or has other circumstances that may cause impairment Applicable Not applicable Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd. 9 IX. Illegal External Guarantees Applicable Not applicable The Company had no illegal external guarantees during the reporting period. X. Non-operating Occupation of Funds of the Listed Company by the Controlling Shareholders and Their Related Parties Applicable Not applicable No non-operating occupation of funds of listed companies by controlling shareholders and their related parties during the reporting period. XI. Registration Form for Reception, Research, Communication, Interview and Other Activities During the Reporting Period Applicable Not applicable Reception time Reception location Reception way Type of received object Basic information index of the survey January 06, 2021 Company Field survey Organization See Robam Appliances: Record of Investor Relations Activities on January 06, 2021 in Cninfo January 12, 2021 Company Field survey Organization See Robam Appliances: Record of Investor Relation Activities on January 12-15, 2021 in Cninfo March 04, 2021 Company Field survey Organization See Robam Appliances: Record of Investor Relation Activities on January 4-5, 2021 in Cninfo Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd. 10 Chapter 4 Financial Statements I. Financial Statements 1. Consolidated Balance Sheet Unit: Hangzhou Robam Appliances Co., Ltd. March 31, 2021 Unit: yuan Item March 31, 2021 December 31, 2020 Current assets: Monetary capital 4,136,801,325.19 3,921,052,700.31 Deposit reservation for balance Lending funds Trading financial assets 2,225,000,000.00 2,352,000,000.00 Derivative financial assets Notes receivable 2,188,823,040.62 1,832,701,443.08 Accounts receivable 620,868,794.62 1,008,235,946.40 Receivables financing Advances to suppliers 113,503,727.93 69,889,399.47 Premiums receivables Reinsurance accounts receivable Reinsurance contract reserve receivable Other receivables 67,822,134.75 56,589,791.38 Including: Interest receivable Dividends receivable Redemptory monetary capital for sale Inventory 1,405,339,657.42 1,386,089,344.84 Contract assets Assets held for sales Non-current assets due within a year Other current assets 29,099.50 667,378.56 Full Text of 2021 First Quarterly Report of Hangzhou Robam Appliances Co., Ltd. 11 Total current assets 10,758,187,780.03 10,627,226,004.04 Non-current assets: Loans and advances Debt investment Other debt investments Long-term receivables Long-term equity investment 2,640,604.50 3,452,769.59 Other equity instrument investments 102,116,023.22 102,116,023.22 Other non-current financial assets Investment properties 18,737,014.51 2,591,001.84 Fixed assets 812,093,795.39 824,978,354.71 Construction in progress 465,749,512.12 463,424,647.46 Productive biological assets Oil and gas assets Right-of-use assets 14,980,357.53 Intangible assets 232,052,485.08 235,217,240.32 Development expenditure Goodwill 80,589,565.84 80,589,565.84 Long-term unamortized expenses 1,630,211.03 1,798,358.85 Deferred income tax assets 165,146,135.31 112,492,030.71 Other non-current assets 3,849,142.24 3,682,279.67 Total non-current assets 1,899,584,846.77 1,830,342,272.21 Total assets 12,65
