九阳股份：2022年第三季度报告（英文版）.PDF

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1、Joyoung Co.,Ltd.Third Quarterly Report 1 Ticker:002242 Stock Abbreviation:Joyoung Joyoung Co.,Ltd.Interim Report of the Third Quarter 2022 The Company and all members of the Board of Directors have guaranteed that the information disclosed is true,accurate and complete,and contains no false record,m

2、isleading statements or material omissions.Important notes:Board of Directors,the Supervisory Committee as well as all the directors,supervisors and senior management staff of Joyoung Co.,Ltd.(hereinafter referred to as the“Company”)have guaranteed that this Report contains no false record,misleadin

3、g statement or material omission and shall be jointly and severally liable for the factuality,accuracy and completeness of the information given in this Report.CEO of the Company,CFO of the Company,and Chief Accountant of Accounting Institution,declared that the quarterly financial statements should

4、 be true,accurate and complete.In case of any discrepancy,the Chinese version of the report shall prevail.Whether the third quarterly report was audited Yes No Joyoung Co.,Ltd.Third Quarterly Report 2 I.Key Accounting Data and Financial Indicators 1.Key Accounting Data and Financial Indicators Wheth

5、er the Company performed a retroactive adjustment to or restatement of accounting data Yes No From 1 July 2022 to 30 September 2022 YoY Change From 1 January 2022 to 30 September 2022 YoY Change Operating revenue(RMB)2,214,588,864.01-3.23%6,925,037,008.62-1.52%Net Profit attributable to shareholders

6、 of the Company(RMB)158,189,969.70-25.28%504,596,360.46-23.91%Net profit attributable to shareholders of the Company before non-recurring gains and losses(RMB)159,359,269.72-19.32%458,387,462.82-16.12%Net cash flows from operating activities(RMB)909,813,991.63 297.87%Basic earnings per share(RMB/sha

7、re)0.21-27.59%0.66-24.14%Diluted earnings per share(RMB/share)0.21-25.00%0.66-23.26%Weighted average return on net assets 4.18%Increased by 0.11 percent point 12.65%Decreased by 1.72 percent point 30 Sep.2022 31 Dec.2021 Flux Total assets(RMB)7,337,760,383.84 8,516,380,670.95-13.84%Net assets attrib

8、utable to shareholders of the Company(RMB)3,693,864,123.75 4,263,662,880.72-13.36%2.Non-recurring gain and loss items and amounts thereof Unit:RMB Item From 1 July 2022 to 30 September 2022 From 1 January 2022 to 30 September 2022 Note Profit or loss from disposal of non-current assets(including the

9、 write off of the provision for impairment of assets)-109,113.05-163,745.12 Government grants included in the current profit or loss(that is closely related to the operations of the Company,except for those of fixed quotas or amounts according to the nationally unified standards)6,667,876.53 80,988,

10、286.87 Mainly local business support funds Gains or losses from changes in fair value arising from the holding of trading financial assets,derivative financial assets,trading financial liabilities and derivative financial liabilities and investment income from the disposal of trading financial asset

11、s,derivative financial assets,trading financial liabilities,derivative financial liabilities and other debt investments,excluding the effective hedging business related to the Companys normal business operations-8,894,560.92-28,753,037.92 Mainly due to changes in fair value of financial products Rev

12、ersal of provision for impairment of receivables separately tested for impairment 842,110.63 3,389,722.99 Other non-operating income or expenses except the above items 263,179.05-9,787.28 Less:Impact of income taxes-52,379.00 8,838,361.28 Impact of minority interests(after tax)-8,828.74 404,180.62 T

13、otal-1,169,300.02 46,208,897.64-Other details of other profit and loss items that meet the definition of non-recurring profit or loss Applicable Not applicable The Company does not have other details of gain or loss items that meet the definition of non-recurring gain or loss.Joyoung Co.,Ltd.Third Q

14、uarterly Report 3 For non-recurring profit or loss items listed in the Interpretative Announcement on Information Disclosure of Companies Offering Securities to the Public No.1 Non-recurring Profit or Loss that have been defined as recurring profit or loss items by the Company,please provide the rea

15、sons Applicable Not applicable Not Applicable to the Company.3.Changes in key accounting data and financial indicators and reasons for such changes Unit:RMB Item 30 September 2022 31 December 2021 Flux Notes Trading financial assets 141,637,233.37 492,981,291.00-71.27%Mainly due to the decrease in t

16、he purchase of financial products during the period Notes receivable 1,020,073,199.96 1,779,656,896.81-42.68%Mainly due to the decrease in notes collections in the current period Prepaid expense 94,740,433.84 21,200,512.71 346.88%Mainly due to the increase in the amount of locking in raw material pr

17、ices during the period Inventory 692,622,690.80 1,047,863,740.22-33.90%Mainly due to faster inventory turnover in the period Construction in progress 19,184,369.47 83,792,128.99-77.10%Mainly due to the completion of the industrial factory project in the current period Right-of-use assets 34,131,619.

18、40 52,234,702.94-34.66%Mainly due to amortization of right-of-use assets during the period Trading financial liabilities 4,888,596.83 419,546.39 1065.21%Mainly due to changes in the fair value of forward exchange settlements Accounts payable 1,267,548,205.13 2,079,168,330.26-39.04%Mainly due to high

19、er prepayment settlement in the current period Payroll payable 26,065,324.11 168,514,322.91-84.53%Mainly due to bonus payment at the beginning of the period Tax payable 73,793,450.91 118,088,912.25-37.51%Mainly due to payment of prior period tax in the current period Current portion of non-current l

20、iabilities 19,846,593.87 31,105,816.48-36.20%Mainly due to amortization of lease liabilities in the current period Lease liabilities 13,776,350.81 22,501,272.82-38.78%Other comprehensive income 49,230,605.58 23,727,045.39 107.49%Mainly due to changes in fair value of investments in other equity inst

21、ruments Minority interests 13,871,497.52-21,933,241.58 163.24%Mainly due to the increase in minority interests as a result of the recovery of the entire equity interest in SharkNinja(China)during the period Item From 1 January 2022 to 30 September 2022 From 1 January 2021 to 30 September 2021 YoY No

22、te Financial expense-59,795,915.38-20,735,319.66-188.38%Mainly due to the increase in foreign exchange gain for the period Investment income 23,586,517.95 53,838,899.20-56.19%Mainly due to the decrease in income from financial investments in the current period Gains/(Losses)on changes in fair value-

23、26,006,918.70 13,058,790.16-299.15%Mainly due to loss on fair value of trust in the period Credit impairment losses-7,807,991.01-12,732,405.68 38.68%Mainly due to the decrease in bad debts from accounts receivable during the period Non-operating income 2,888,754.87 14,731,647.50-80.39%Mainly due to

24、the decrease in compensation income during the period Net cash flows from operating activities 909,813,991.63-459,813,538.33 297.87%Mainly due to the recovery of prior periods payment for goods in the current period Net cash flows from investing activities 226,438,139.96 14,263,698.25 1487.51%Mainly

25、 due to decrease in wealth management in the current period Net cash flows from financing activities-1,065,405,931.27-792,627,480.00-34.41%Mainly due to the distribution of dividends and share repurchase during the period II.Shareholder Information Joyoung Co.,Ltd.Third Quarterly Report 4 1.Total nu

26、mber of common shareholders and shareholdings of the top ten common shareholders at the period-end Unit:share Total number of common shareholders at the end of the Reporting Period 47,436 Total number of preferred shareholders with resumed voting rights at the end of the Reporting Period(if any)0 To

27、p 10 common shareholders Name of shareholder Nature of shareholder Shareholding percentage Total shares held at the period-end Number of restricted shares held Pledged or frozen shares Status Number Shanghai Lihong Enterprise Management Limited Domestic non-state-owned corporation 50.13%384,523,746

28、Pledged 307,618,897 BILTING DEVELOPMENTS LIMITED Foreign corporation 16.94%129,924,090 Pledged 103,939,172 Hong Kong Securities Clearing Co.,Ltd.Foreign corporation 5.34%40,988,268 Central Huijin Investment Ltd.State-owned corporation 1.46%11,201,233 China Universal Asset Management Co.,Ltd-Social S

29、ecurity Fund 423 Portfolio Others 0.98%7,493,610 Basic Pension Insurance Fund Portfolio No.1001 Others 0.91%7,001,435 Joyoung Co.,Ltd.-the First Phase Employee Stock Purchase Plan Others 0.78%5,980,000 Agricultural Bank of China-Caitong Securities Asset Management Consumer Upgrades One-Year Holding

30、Hybrid Securities Investment Fund Others 0.30%2,267,642 National Social Security Fund 101 Portfolio Others 0.25%1,940,292 Guosen Securities Co.,Ltd.State-owned corporation 0.24%1,856,478 Top 10 non-restricted common shareholders Name of shareholder Number of non-restricted shares held Type of shares

31、 Type of shares Number Shanghai Lihong Enterprise Management Limited 384,523,746 RMB common stock 384,523,746 BILTING DEVELOPMENTS LIMITED 129,924,090 RMB common stock 129,924,090 Hong Kong Securities Clearing Co.,Ltd.40,988,268 RMB common stock 40,988,268 Central Huijin Investment Ltd.11,201,233 RM

32、B common stock 11,201,233 China Universal Asset Management Co.,Ltd-Social Security Fund 423 Portfolio 7,493,610 RMB common stock 7,493,610 Basic Pension Insurance Fund Portfolio No.1001 7,001,435 RMB common stock 7,001,435 Joyoung Co.,Ltd.-the First Phase Employee Stock Purchase Plan 5,980,000 RMB c

33、ommon stock 5,980,000 Agricultural Bank of China-Caitong Securities Asset Management Consumer Upgrades One-Year Holding Hybrid Securities Investment Fund 2,267,642 RMB common stock 2,267,642 National Social Security Fund 101 Portfolio 1,940,292 RMB common 1,940,292 Joyoung Co.,Ltd.Third Quarterly Re

34、port 5 stock Guosen Securities Co.,Ltd.1,856,478 RMB common stock 1,856,478 Related or acting-in-concert parties among shareholders above In April 2019,the shareholding structure of Bilting Developments Limited changed.MR.Xuning WANG,the actual controller of the Company,became the actual controller

35、of Bilting Developments Limited(See Report No.2019-027 of the Company on .).As a result,Shanghai Lihong Enterprise Management Co.,Ltd.and Bilting Developments Limited,both controlled by Mr.Xuning WANG,are defined as acting-in-concert parties by the Administrative Measures for the Takeover of Listed

36、Companies.Other than the aforementioned related and acting-in-concert parties,the Company is uncertain about whether there are related or acting-in-concert parties among shareholders above.Explanation on common shareholders participating in securities margin trading(if any)N/A Explanation on the exi

37、stence of repurchase special accounts among the top 10 shareholders(if any)The number of common shares held in the repurchase special securities account of Joyoung at the end of the reporting period was 12,000,000 shares,representing 1.56%of the total share capital of the Company.2.Total Number of P

38、referred Shareholders and TOP 10 Preferred Shareholders and Their Shareholdings Applicable Not applicable III.Other Significant Events 1.Equity distribution On August 28,2022,the Companys Fifth Seventeenth Board of Directors considered and approved the profit distribution proposal for the half-year

39、of 2022 as follows:based on the total share capital of 767,017,000 shares as of August 30,2022,less 756,217,000 shares held in the Companys special securities account for repurchase of 10,800,000 shares,a cash dividend of RMB 5.0(including tax)per 10 shares will be distributed to all shareholders.Fr

40、om the announcement date of disclosure to the implementation of the profit distribution,if the share capital of the Company changes due to share repurchase,exercise of share incentive,repurchase of shares in the special account for employee stock ownership plan and all or part of the actual grant,th

41、e Company intends to implement and maintain the distribution ratio based on the changed share capital and adjust the total amount of distribution accordingly.On September 28,2022,the first extraordinary general meeting of the Company in 2022 considered and approved the above proposal.2.Progress of i

42、mplementation of share repurchase The Thirteenth Meeting of the Fifth Session of the Board of Directors of the Company and the Second Extraordinary General Meeting of Shareholders in 2021 considered and approved the Program on the Repurchase of Part of the Shares of the Public and disclosed the Repo

43、rt on the Repurchase of Shares on November 27,2021,in which the Company intends to use its own funds not exceeding RMB 360 million to repurchase part of the shares of the public(A shares)of the Company by way of centralized competitive trading at a repurchase price not The repurchase price will not

44、exceed RMB 30 yuan per share,and the repurchased shares are expected to be not less than(including)6 million shares and not more than(including)12 million shares,accounting for 0.78%-1.56%of the total share capital of the company,and the repurchased shares will be used to implement the share incenti

45、ve plan or employee stock ownership plan,and the period of repurchased shares will not exceed 12 months from the date of approval by the shareholders meeting.For details,please refer to the relevant announcements on Juchao Information Website(http:/)and the Report on Share Repurchase(Announcement No

46、.2021-051)on Securities Times and China Securities Journal.The Companys 2021 Annual General Meeting of Shareholders held on April 22,2022 considered and approved the Proposal on the Joyoung Co.,Ltd.Third Quarterly Report 6 Distribution of Profit for the Year 2021 and disclosed the Announcement on th

47、e Implementation of the Distribution of Equity for the Year 2021 on April 29,2022.According to the Companys Report on Share Repurchase,the maximum price of the Companys share repurchase will be adjusted from no more than RMB 30 per share to RMB 29 per share.Based on the upper limit of the repurchase

48、 quantity of 12 million shares,the repurchase amount is expected to be approximately RMB 350 million;based on the lower limit of the repurchase quantity of 6 million shares,the repurchase amount is expected to be approximately RMB 170 million,with the specific number of repurchased shares subject to

49、 the actual number of shares repurchased at the expiration of the repurchase period.Other contents remain unchanged.For details,please refer to the Announcement on Adjustment of the Upper Limit of the Repurchase Price(Announcement No.2022-032)published by the Company on Securities Times,China Securi

50、ties Journal and Juchao Information Website(http:/)on June 1,2022.The Companys 2021 Annual General Meeting of Shareholders held on April 22,2022 considered and approved the Proposal on the Distribution of Profit for the Year 2021 and disclosed the Announcement on the Implementation of the Distributi