九阳股份：2022年第三季度报告（英文版）.docx

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1、Joyoung Co., Ltd. Third Quarterly Report 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 re

2、cord, misleading 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 r

3、ecord, misleading 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 financ

4、ial statements should 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 I. Key Accounting Data and Financial Indicators 1. Key Accounting Data and Financial Indicators Whether the Company

5、 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 of the

6、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

7、(RMB / share) 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 8,516,380,6

8、70.95 -13.84% Net assets attributable 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 disposa

9、l of non-current assets (including the 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 nationa

10、lly unified standards) 6,667,876.53 80,988,286.87 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

11、 from the disposal of trading financial assets, 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

12、 to changes in fair value of financial products Reversal 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

13、of minority interests (after tax) -8,828.74 404,180.62 Total -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 defin

14、ition of non-recurring gain or loss. 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, p

15、lease provide the reasons 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

16、 due to the decrease in the 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

17、locking in raw material prices 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 Ri

18、ght-of-use assets 34,131,619.40 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 2,079,168,3

19、30.26 -39.04%Mainly due to higher 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

20、 Current portion of non-current liabilities 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

21、 of investments in other equity instruments 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 J

22、anuary 2021 to 30 September 2021 YoY Note 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 per

23、iod Gains/(Losses) on changes in fair value -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 incom

24、e 2,888,754.87 14,731,647.50 -80.39%Mainly due to 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 act

25、ivities 226,438,139.96 14,263,698.25 1487.51%Mainly 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 Informat

26、ion 1. Total number 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 Pe

27、riod (if any) 0 Top 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 nonstate-owned corporation 5

28、0.13% 384,523,746 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 Man

29、agement Co.,Ltd - Social Security 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 Con

30、sumer Upgrades One-Year Holding 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-

31、restricted shares held Type of shares 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 Cent

32、ral Huijin Investment Ltd. 11,201,233 RMB 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

33、 Employee Stock Purchase Plan 5,980,000 RMB common 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

34、 1,940,292 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

35、controller 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

36、 Takeover of Listed 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

37、/A Explanation on the existence 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 th

38、e Company. 2.Total Number of Preferred 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 distri

39、bution proposal for the half-year 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 wi

40、ll be distributed to all shareholders. From 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

41、 plan and all or part of the actual grant, the 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

42、 and approved the above proposal. 2. Progress of implementation 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

43、of the Shares of the Public and disclosed the Report 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

44、 a repurchase price not The repurchase price will not 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

45、repurchased shares will be used to implement the share incentive 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

46、Website () and the Report on Share Repurchase (Announcement No. 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 Distribution of Profit for the Year 2021 and disclosed the Announ