海爾智家：海爾智家股份有限公司2021年第三季度報告（英文版）.PDF

《海爾智家：海爾智家股份有限公司2021年第三季度報告（英文版）.PDF》由會員分享，可在線閱讀，更多相關《海爾智家：海爾智家股份有限公司2021年第三季度報告（英文版）.PDF（22頁珍藏版）》請在三個皮匠報告上搜索。

1、1 Stock Code:600690 Short Name:Haier Smart Home Haier Smart Home Co.,Ltd.2021 Third Quarter Report The Board of Directors(the“Board”)and the Directors of Haier Smart Home Co.,Ltd.(the“Company”)hereby assure that this announcement is free from any false record,misleading representation or material om

2、ission and are individually and collectively responsible for the trueness,accuracy and completeness of the content set out herein.Important Notice:The board of directors(the“Board”),the board of supervisors,directors,supervisors and senior management of the Company hereby assure that the content set

3、 out in the quarterly report is true,accurate and complete,and free from any false record,misleading representation or material omission,and are individually and collectively responsible for the content set out therein.The legal representative of the Company,chief financial officer of the Company an

4、d person in charge of accounting department hereby certify that the financial statement information set out in the quarterly report is true,accurate and complete.Whether the third quarterly report has been audited or not Yes No I.Key Financial Information (I)Major accounting data and financial indic

5、ators Unit and Currency:RMB Items During the Reporting Period Year-on-year increase/decrease during the Reporting Period(%)From the beginning of the year to the end of the Reporting Period Year-on-year increase/decrease during the beginning of the year to the end of the Reporting Period(%)Operating

6、revenue 58,344,749,484.03-0.58 169,963,571,548.76 10.07 Net profit attributable to shareholders of the listed Company 3,082,339,695.41-12.43 9,934,611,508.38 57.68 2 Net profit after deduction of non-recurring profit or loss attributable to shareholders of the listed Company 2,785,809,654.46 82.93 9

7、,055,716,061.18 121.28 Net cash flow from operating activities N/A N/A 13,359,284,075.18 133.91 Basic earnings per share(RMB per share)0.331-38.13 1.072 11.90 Diluted earnings per share(RMB per share)0.331-36.35 1.061 12.99 Weighted average return on net assets (%)4.00%Decrease by 3.03 percentage po

8、ints 13.29%Increase by 0.58 percentage point At the end of the Reporting Period At the end of last year Increase/decrease at the end of the Reporting Period compared to the end of last year(%)Total assets 212,940,580,271.32 203,459,495,879.65 4.66 Owner equity attributable to shareholders of the lis

9、ted Company 77,733,774,523.46 66,816,422,614.55 16.34 Note:“Reporting Period”refers to the three-month period commencing from the beginning of this quarter to the end of this quarter.During the Reporting Period,amid tepid industry demand,rising raw material costs and resurgence of the pandemic overs

10、eas,the Company expedited its IoT-based smart home strategic transformation,with a focus on building high-end brands,scenario brands,and ecosystem brands.We continuously consolidated the advantages in one-stop high-end scenario-based smart home solutions,global footprint synergy,efficient operation

11、system,and smart home experiential Cloud platforms;while accelerating digital transformation and efficiency improvement,so as to achieve sustainable development with a steady performance.3 Key Performance Indicators I.Revenue and profit In the first three quarters of 2021,the Company recorded revenu

12、e of RMB169.964 billion,net profit of RMB10.064 billion,net profit attributable to shareholders of the listed Company of RMB9.935 billion,net profit after deduction of non-recurring profit or loss attributable to shareholders of the listed Company of 9.056 billion,representing increases of 10.1%,25.

13、5%,57.7%and 121.3%as compared to the same period in 2020,respectively.In particular,in the third quarter,its revenue reached RMB58.345 billion,net profit was RMB3.126 billion,and net profit attributable to shareholders of the listed Company was RMB3.083 billion,net profit after deduction of non-recu

14、rring profit or loss attributable to shareholders of the listed Company was 2.786 billion,representing changes of-0.6%,-29.1%,-12.4%and+82.9%respectively as compared to the same period in 2020.Excluding the impact from the deconsolidation of COSMOPlat in the third quarter of last year,and assuming 1

15、00%ownership of the privatised Haier Electronics(01169.HK)in the same period last year,the Companys total revenue and net profit attributable to shareholders of the listed Company would have increased by 20.4%and 60.2%in the first three quarters of 2021 as compared with the same period in 2020;and r

16、evenue and net profit attributable to shareholders of the listed Company in the third quarter would have increased by 9.2%and 14.6%as compared with the same period in 2020.1.Smart Home and Other Business in China Revenue of the smart home and other business in China in the first three quarters of 20

17、21 increased by 4.0%as compared with the same period in 2020;excluding the impact of the deconsolidation of COSMOPlat,revenue would have increased by 24.3%in the first three quarters of 2021 as compared with the same period in 2020.The Company remained committed to the development from high-end bran

18、ds to scenario-based and ecosystem brands leveraging on innovation,premium product portfolio and comprehensive solutions.The Company accelerated its digital transformation in terms of distribution network,service coverage and supply chain management.We have built a digital platform that gives sales

19、people online access to the latest product offerings,so they could better manage existing as well as new users.Average customer acquisition by per salesperson increased by 38%.At the same time,the Company managed to grow market shares across the board.In the first nine months,revenue from Casarte in

20、creased by 57%as compared with the same period in 2020,with market share gain as a whole and in all categories,where its share in refrigerator market increased by 2.4 percentage points.(1)Household food solution(internet of food)Refrigerator:The Company addressed users demand for upgrade with large

21、capacity,health-oriented and freshness preservation technology,kitchen aesthetic designs,and smart scenario experience.According to CMM,by retail sales,our market share reached 38.7%online and 41.4%offline from January to September 2021,representing a year-on-year increase of 3.6 and 2.1 4 percentag

22、e points,our leadership further consolidated as Haier continued to rank no.1 in the industry,while Casarte became no.2 with 14.2%market share or 2.4 percentage points year-on-year expansion.During the Reporting Period,with the accelerated implementation of globalized operating platform,product upgra

23、de and smart manufacturing,our refrigerator segment quickly responded to change in consumer taste with successful launch of scenario-based solutions,Boguan series boasting cell-level freshness preservation and built-in design was an immediate bestseller.Casarte Homey series that caters for users tas

24、te with stone panel,simplicity in designs and seamless integration with cabinets facilitated by bottom-mounted cooling technology,has contributed to 46%sales revenue growth of Casartes refrigerators.Kitchen appliances:According to CMM,by retail sales,our market share reached 7.3%offline in the first

25、 nine months,representing an increase of 1 percentage point as compared to the same period last year,and Casartes market share grew by 1.2 percentage points,representing an increase of 75%.During the Reporting Period,the Companys kitchen appliance segment made breakthroughs in the high-end market by

26、 continuously expanding Casartes product portfolio.Ideal Home Galaxy series was launched with 114 patents and 5 ground-breaking technologies in the industry,providing users with a premium and comprehensive smart kitchen experience,driving Casartes kitchen appliance sales revenue to grow 123%from Jan

27、uary to September 2021,among which Casarte dishwashers grew by 152%.At the same time,the Company continued to upgrade scenario-based solutions,accelerated lower tier network expansion and increased presence in home improvement markets.By introducing GEA and FPA in commercial projects,the Company ful

28、ly leveraged the global brand portfolio to address diverse customer demands and achieve steady growth.During the first three quarters of 2021,revenue from kitchen appliance grew by 31%as compared with the same period last year,among which the sales of dishwashers grew by 92%.(2)Household clothing so

29、lutions(internet of clothing)Washing machine:According to CMM,by retail sales,our market shares reached 40.5%online and 43.6%offline from January to September 2021,representing increases of 1.1 and 3.1 percentage points.Our washing machine segment appreciates the growing diversification in users dem

30、and with continued technological innovations.During the period,several New Species products were launched,including Casarte Neutron Hemei Washing and Drying Machine,which integrates washing,drying and garment care.Facilitated by innovative patented technology,it is 20cm lower than the height of trad

31、itional washer-and-dryer combo,allowing users to enjoy a comfortable China height(中國高度)of 150cm,where they do not have to raise their hands above shoulder level,all of which contributing to our front-loading machines further market share expansion of 8.5 percentage points,reaching 45.8%.In order to

32、eliminate bacteria contamination when wet clothes are left behind after laundry,we developed the unique Deep Breathing series,which can automatically air-dry the laundry and the drum when users do not pick them up in time.Its launch attracted wide attention and a total of 32,000 units have been sold

33、 since then.At the same time,the washing machine segment rapidly expanded into new categories such as tumble dryers,shoe washers.In order to address demand in drying large items,delicate items and reducing crease,the Company developed industry leading technologies including independent fan,hybrid fa

34、st drying and smart wind speed control,thus effectively improved drying experience.Sales revenue of tumble dryers grew by more than 260%and its market share offline reached 36.7%,representing an increase of 19.3 percentage points over the same period,and 1.32 times the market share of runner-up acco

35、rding to CMM.5 (3)Household air solutions Household air conditioner:Based on CMMs retail sales data,from January to September 2021,our market share reached 17.0%offline,representing an increase of 2.5 percentage points as compared with the same period last year,while market share online reached 13.6

36、%,representing an increase of 2.4 percentage points as compared with the same period last year.Through the rapid expansion of Casartes product portfolio and distribution network,our share in high-end market(wall-mounted units RMB 4,000 and cabinet units RMB 10,000)reached 20.8%,representing a year-o

37、n-year increase of 5.6 percentage points.In the single third quarter,an impressive 9.2 percentage points market share expansion was achieved,reaching 25%in high-end market,among which installation of Casarte units doubled.During the period,the household air conditioning business focused primarily on

38、 health-conscious and smart products,accelerated the channel reorganization,improved store layout in order to foster a closer user interaction through various marketing strategies including“experience+air-conditioning cleaning(體驗官+全民洗空調)”,while implementing operational efficiency initiatives in proc

39、urement,R&D,manufacturing and marketing,streamlining SKU as well as improving the efficiency of individual models.During the first three quarters,revenue from household air conditioning grew by 20%as compared with the same period last year,with revenue from Casarte up by 68.6%.Central air conditione

40、r:According to China IOL,the Companys market share in central air conditioners was 11.1%from January to August 2021,representing an increase of 0.7 percentage points compared to the same period last year.During the period,Haiers central air conditioner actively implemented the national“carbon neutra

41、l”strategy,continued to achieve technology breakthrough,product innovations in providing customized air energy solutions,and sustained our leadership.For instance,the launch of the new integrated all-in-one air conditioner targets to reduce conventional water systems complication in installation and

42、 limited choices in fluorine unit by creating customized air solution integrating management of temperature,humidification,purification,oxygenation,circulation,freshness and quietness,catering to more specific demands from medical and archaeological industries.In respect of clean energy,the Company

43、rolled out the IoT-enabled ultra-low temperature air-drive heat pump“Flame+(赤焰+)”series,which features 62 water temperature and ensures-35 ultra-low temperature heating.It also targets diversified user demands such as subdivided household heating,regional heating,agricultural heating,commercial hot

44、water usage and drying scenarios,thus providing innovative solutions to hospitality,industrial parks,office buildings and agricultural facilities.Based on the HAI-BMS smart system,the Company developed the industrys first clean energy smart Heat platform that facilitates efficient,convenient and ene

45、rgy-saving scenario-based solutions.(4)Household water solution Water heater:CMMs retail sales data indicates,from January to September 2021,the Companys market share online and offline was 31.2%and 27.7%,representing a year-on-year increase of 4.8 percentage points and 3.9 percentage points.During

46、the period,the Company focused on Casarte Galaxy series with crystal rods,gas-electric hybrid series,mid and high-end ceramic heating chamber series and slim instantaneous heat series to cater for demand in different pricing ranges.In particular,Casarte Galaxy series adopts ground-breaking materials

47、 and processes to create a heater rod that does not require magnesium nor leave limescale and form crud.Meanwhile,the Company actively expanded HVAC channels and home improvement markets,increased the number of small outlets,and acquired users through 6 experience-based service and word-of-mouth mar

48、keting.In addition,we strengthened partnership with designers to target new homeowners.Water purifier:According to CMM,from January to September,by retail revenue,the Companys market share offline increased by 23.7%,and its market share ranking rose by one place to the fourth,while the online share

49、increased by 26.8%and maintained industry leading position.During the period,the water purifier segment focused on meeting increasing demand for safe and healthy water,and launched the Connoisseur series,that is“a mineral water purifier,and a fruit and veggie washer at the same time”,and their popul

50、arity drove steady revenue growth of the water purifier products.2.Overseas Home Appliance and Smart Home Segment In the first three quarters of 2021,revenue of the Companys overseas business increased by 16.8%as compared with the same period in 2020;operating profit margin increased by 1.7 percenta

51、ge points as compared with the same period in 2020.The continued strong momentum was attributable to:(1)adhering to the 3-in-1 model of R&D,manufacturing and marketing,the Company provided precise services and optimal experiences to users through diversified solutions,thereby achieving better than i

52、ndustry performance in every overseas markets;(2)in the post pandemic period,the Company continued to step up online and strengthened strategic partnership with leading e-commerce players,while expanding the offline network and developing high-end brands and scenario-based ecosystem brands through r

53、etail transformation;(3)the Company optimized the global supply chain platform to respond to raw material inflation,component shortage,rising international freight costs,and labour disruption.The Americas Market:During the period,GEA continued to upgrade consumer experience with the introduction of

54、high-end products.GEAs front-load washing machines with antibacterial function were awarded the highest recognition of Good Housekeeping Seal of Approval by the Good Housekeeping Institute.High-end multi-door refrigerators and ovens continued to achieve double-digit growth.The launch of the Swordfis

55、h series,a new dishwasher with outstanding drying capability and the advantage of easy installation,contributed to a 70%growth in the segment.GEA also launched a brand-new high-end dishwasher from the Profile brand with antibacterial technology,which was well-received by the market.Meanwhile,GEA obt

56、ained the Great Place to Work Certification and it was named in Achievers 50 Most Engaged Workplaces 2021.The European Market:The Company actively expanded online channels and enhanced recognition as a smart home brand with its diversified high-end product portfolio and value-added ecosystem service

57、s.In the meantime,Hoover brand received the“Consumer Superbrand”award,and the Company actively assumed social responsibilities in the post pandemic era.The Australian and New Zealand Markets:Faced with pandemic resurgence,the Company implemented product differentiation and scenario solutions to boos

58、t the market share of the two brands by 0.7 percentage points in major channels.While FPAs drawer dishwasher achieved a revenue growth of 13%in spite of the headwinds,high-end kitchen solutions drove the price index of refrigerators,kitchen appliances and dishwashers to 120%.Meanwhile,the Company ac

59、tively seized the opportunity online to achieve rapid growth.The Japanese Market:AQUA expedited diversification of high-end products,while Haier brand implemented a shift to medium-to-large products in order to expand the community-based washing business to different scenarios.7 The South Asian Mark

60、et:Under the pressure of the pandemic,Pakistan continued to record high revenue growth.Refrigerators,freezers,air conditioners and washing machines maintained market leading position,topping the market in terms of overall share for five consecutive years.The Southeast Asian Market:Business developme

61、nt was driven by high-end branding.The Company continued to invest in e-commerce channels while deploying industry opinion leaders and event marketing to promote brand affinity and image.II.Gross Profit The Companys gross margin was 30.2%for the first three quarters of 2021,representing an increase

62、of 2.2 percentage points as compared with the same period in 2020.The increase in gross margin was primarily attributable to several factors,where in domestic market,the Company accelerated revenue growth of Casarte,optimized product mix,implemented the super factory project,streamlined SKU and impr

63、oved manufacturing efficiency to partially mitigate the impact of rising raw material prices,while the prior disposal of businesses with low profitability also contributed positively to gross profit margin.In the overseas market,the cost pressure was effectively mitigated by optimization of product

64、mix,continuous optimization of supply chain layout and improvement in manufacturing efficiency in each region.III.Operating Expenses Ratio 1.The selling expense ratio of the Company in the first three quarters was 15.4%.Excluding the revenue contribution of COSMOPlat in the first three quarters of 2

65、020,the selling expense ratio decreased by 1.1 percentage point(including the revenue contribution of COSMOPlat,the expense ratio from January to September 2020 was 15.1%).In domestic market,the Company continuously implemented digital transformation,facilitating digital management of salespeople,wh

66、ile working on the digital transformation of after-sale service personnel and supply chain.In the overseas market,the Company benefited from economies of scale arising from rapid revenue growth,and accelerated information system implementation to improve operational efficiency and optimize the selli

67、ng expense ratio through effective expense control.2.The administrative expense ratio in the first three quarters was 4.4%.Excluding the revenue contribution of COSMOPlat in 2020,the administrative expense ratio would have decreased by 0.6 percentage point(including the revenue contribution of COSMO

68、Plat,the expense ratio from January to September 2020 was 4.6%).The improvement in administrative expense ratio was attributable to improved operation efficiency.3.The research and development expense ratio in the first three quarters was 3.7%,representing an increase of 0.5 percentage points year o

69、n year.It was mainly due to the step up efforts in building smart capabilities,such as iteration and upgrade of Smart Home APP,Smart Home cloud and other cutting-edge technologies,the incubation of new categories as well as the iteration of Three-Winged Bird scenario experience.8 4.The financial exp

70、ense ratio in the first three quarters was 0.2%,representing a decrease of 0.6 percentage point year on year.The decrease was mainly due to the conversion of convertible bonds and debt repayment.IV.Working Capital 1.Trade and bill receivable turnover days The trade and bill receivable turnover days

71、of the Company was 50 days in the first three quarters,representing an increase of 2.6 days as compared with the end of 2020,which was mainly attributable to growth in revenue and increase in trade and bill receivables.2.Inventory turnover days The inventory turnover days of the Company was 76 days

72、in the first three quarters,representing an increase of 4.3 days as compared to the end of 2020,which was mainly attributable to the inventory preparation arising from increased sales orders.3.Trade and bill payable turnover days In the first three quarters,trade and bill payable turnover days was 1

73、42 days,representing an increase of 5.5 days as compared to the end of 2020,which was mainly attributable to an increase in procurement scale.V.Cash Flow Analysis 1.Net cash flow from operating activities for the period amounted to RMB13.36 billion,representing an increase of RMB7.65 billion as comp

74、ared to the corresponding period.It was mainly due to the increase in operating profit and enhanced operation efficiency;2.Net cash outflow from investing activities for the period amounted to RMB5.20 billion,representing an increase of 93.1%as compared to the corresponding period,which was mainly d

75、ue to cash outflow as a result of the increase in investments this year and cash inflow from the disposal of subsidiaries in 2020;3.Net cash outflow from financing activities for the period amounted to RMB13.08 billion,while net cash inflows in financing activities for the corresponding period amoun

76、ted to RMB5.75 billion,which was mainly due to the repayment of debt,shares buyback and increase in new borrowings.VI.Capital Expenditure The Company assesses its capital expenditure and investments in each segment in China and overseas from time to time.The capital expenditure in the first three qu

77、arters of 2021 was RMB4.91 billion,of which RMB2.18 billion and RMB2.73 billion were used in China and overseas respectively in plant and equipment construction,property rental,and digital infrastructure.VII.Gearing Ratio 9 As of the end of the third quarter in 2021,the Companys gearing ratio was 62

78、.8%,representing a decrease of 3.7 percentage points as compared to the end of 2020,which was mainly due to the conversion of convertible bonds,increase in net profit and the repayment of borrowings.(II)Non-recurring profit or loss items and amounts Unit and Currency:RMB Items Amounts in the Reporti

79、ng Period Amounts from the beginning of the year to the end of the Reporting Period Profit or loss from disposal of non-current assets(including the write-off portion of the provision for impairment of assets)65,166,649.46 200,578,022.11 Government grants included in current profit or loss,except th

80、at closely related to the normal operating business,complied with requirements of the national policies,continued to be granted with the amount and quantity determined under certain standards 161,823,554.89 445,358,693.42 Profit or loss on change in fair value from financial assets and financial lia

81、bilities held for trading,as well as investment income from disposal of financial assets and financial liabilities held for trading and financial assets and liabilities available for sales except for effective hedging related with normal businesses of the Company 67,954,039.04 297,181,061.03 Other n

82、on-operating income and expenses except as listed above 14,073,114.60 49,512,691.88 Less:Effect of income taxation-8,311,500.59-101,590,091.60 Effect of minority interest,net of tax-4,175,816.45-12,144,929.64 Total 296,530,040.95 878,895,447.20 Description on categorizing the non-recurring profit or

83、 loss items listed in the Interpretative Announcement No.1 2008 of the Information Disclosure of the Companies Public Offering Securities Non-recurring Profit or Loss(公開發行證券的公司信息披露解釋性公告第 1號非經常性損益)as recurring profit or loss item Applicable Not Applicable (III)Changes in major accounting data and fin

84、ancial indicators and reasons Applicable Not Applicable Items Percentage of change(%)Main reasons Net profit after deduction non-recurring profit or loss attributable to shareholders of the listed Company_ Reporting period 82.93 Mainly as a result of the increase in operating profit for the period a

85、nd the increase in proportion of net profit attributable to shareholders of the listed Company due to the completion of the introduction of H-share listing and privatization of Haier Electric by the Company Basic earnings per share-38.13 Mainly as a result of the investment gain arising from 10(RMB

86、per share)_Reporting period the disposal of equity in a subsidiary(nil in the current period)during the same period,the H shares issued by the Company as the compensation for the cancellation of the scheme shares in accordance with the privatization proposal,and the additional H shares issued by the

87、 Company due to the conversion of H share convertible bonds Diluted earnings per share(RMB per share)_Reporting period-36.35 Mainly as a result of the investment gain arising from the disposal of equity in a subsidiary(nil in the current period)during the same period,the H shares issued by the Compa

88、ny as the compensation for the cancellation of the scheme shares in accordance with the privatization proposal,and the additional H shares issued by the Company due to the conversion of H share convertible bonds Weighted average return on net assets(%)_Reporting period Decrease by 3.03 percentage po

89、ints Mainly as a result of H shares issued by the Company as the compensation for the cancellation of the scheme shares in accordance with the privatization proposal,additional H shares issued by the Company due to the conversion of H share convertible bonds,resulting in an increase in shareholders

90、equity and investment gain arising from the disposal of equity in a subsidiary(nil in the current period)during the same period Net profit attributable to shareholders of the listed Company from the beginning of the year to the end of the Reporting Period 57.68 Mainly as a result of the increase in

91、operating profit for the period,and the increase in proportion of net profit attributable to shareholders of the listed Company due to the completion of the introduction of H-share listing and privatization of Haier Electric by the Company,partially offset by investment gain arising from the disposa

92、l of equity in a subsidiary(nil in the current period)during the same period Net profit after non-recurring profit or loss attributable to shareholders of the listed Company from the beginning of the year to the end of the Reporting Period 121.28 Mainly as a result of the increase in operating profi

93、t for the period and the increase in proportion of net profit attributable to shareholders of the listed Company due to the completion of the introduction of H-share listing and privatization of Haier Electric by the Company Net cash flow from operating activities from the beginning of the year to t

94、he end of the Reporting Period 133.91 Mainly as a result of the increase in operating profit for the period and improvement in operating efficiency II.PARTICULARS OF SHAREHOLDERS (I)Total number of ordinary shareholders and the number of preferential shareholders with restored voting rights and the

95、shareholdings of the top 10 shareholders Unit:share Total number of ordinary shareholders as of the end of the Reporting Period 186,277 Total number of preferential shareholders with restored voting rights as of the end of the N/A 11 Reporting Period(if any)Shareholdings of the top 10 shareholders N

96、ame of shareholders Nature of shareholders Number of shares held Percentage of shareholdings(%)Number of shares held subject to trading moratorium Pledged,marked or frozen Status Number HKSCC NOMINEES LIMITED Unknown 2,188,987,197 23.30 Unknown Haier Electric Appliances International Co.,Ltd.Domesti

97、c non-state owned legal entity 1,258,684,824 13.40 Nil Haier Group Corporation Domestic non-state owned legal entity 1,072,610,764 11.42 Nil HCH(HK)INVESTMENT MANAGEMENT CO.,LIMITED Foreign legal entity 538,560,000 5.73 Nil Hong Kong Securities Clearing Company Limited Unknown 555,229,444 5.91 Unkno

98、wn China Securities Finance Corporation Limited Unknown 182,592,654 1.94 Unknown Qingdao Haier Venture&Investment Information Co.,Ltd.Domestic non-state owned legal entity 172,252,560 1.83 Nil Qingdao Haichuangzhi Management Consulting Enterprise(Limited Partnership)Domestic non-state owned legal en

99、tity 98,014,946 1.04 Nil China Merchants Bank Co.,Ltd.Xingquan Herun Hybrid Securities Investment Fund Unknown 91,780,653 0.98 Unknown ALIBABA INVESTMENT LIMITED Unknown 83,823,993 0.89 Unknown Shareholdings of the top 10 shareholders not subject to trading moratorium Name of shareholders Number of

100、listed shares not subject to trading moratorium held Class and number of shares Class Number HKSCC NOMINEES LIMITED 2,188,987,197 Overseas listed foreign shares 2,188,987,197 Haier Electric Appliances International Co.,Ltd 1,258,684,824 RMB ordinary shares 1,258,684,824 Haier Group Corporation 1,072

101、,610,764 RMB ordinary shares 1,072,610,764 HCH(HK)INVESTMENT MANAGEMENT CO.,LIMITED 538,560,000 Overseas listed foreign shares 538,560,000 Hong Kong Securities Clearing Co.,Ltd.555,229,444 RMB ordinary shares 555,229,444 China Securities Finance 182,592,654 RMB ordinary shares 182,592,654 12 Corpora

102、tion Limited Qingdao Haier Venture&Investment Information Co.,Ltd.172,252,560 RMB ordinary shares 172,252,560 Qingdao Haichuangzhi Management Consulting Enterprise(Limited Partnership)98,014,946 RMB ordinary shares 98,014,946 China Merchants Bank Co.,Ltd.Xingquan Herun Hybrid Securities Investment F

103、und 91,780,653 RMB ordinary shares 91,780,653 ALIBABA INVESTMENT LIMITED 83,823,993 Overseas listed foreign shares 83,823,993 Explanation of associations or actions in concert among the above shareholders(1)Haier Electric Appliances International Co.,Ltd.(currently named as Haier COSMO Co.,Ltd.)is a

104、 subsidiary of Haier Group Corporation.Haier Group Corporation holds 51.20%of its equity.Qingdao Haier Venture&Investment Information Co.,Ltd.(青島海爾創業投資咨詢有 限 公 司),HCH(HK)INVESTMENT MANAGEMENT CO.,LIMITED,Qingdao Haichuangzhi Management Consulting Enterprise(Limited Partnership)are parties acting in c

105、oncert with Haier Group Corporation;(2)The Company is not aware of the existence of any connections of other shareholders.Explanation of the top 10 shareholders and the top 10 shareholders not subject to trading moratorium engaging in the margin trading and short selling and refinancing business(if

106、any)As at the end of the Reporting Period,Qingdao Haichuangzhi Management Consulting Enterprise(Limited Partnership)engaged in refinancing and securities lending business,involving a total of 2,004,000 shares,whilst the ownership of which had not been transferred.The actual number of shares held by

107、it totaled 100,018,946 shares.III.Miscellaneous Other significant information regarding the Companys operations during the Reporting Period should be brought to the attention of investors Applicable Not Applicable (1)External guarantees:As of the end of the Reporting Period,the external guarantees p

108、rovided by the Company and its subsidiaries were guarantees between the Company and its subsidiaries,the total balance of which amounted to RMB20.18 billion,accounting for 26.0%of the Companys latest net assets and 9.5%of the latest total assets.(2)Foreign exchange derivative:As of the end of the Re

109、porting Period,the aggregate balance of the Companys foreign exchange derivative transactions amounted to approximately USD 2.17 billion.13 (3)Entrusted wealth management:By the end of the Reporting Period,the balance of the Companys entrusted wealth management amounted to RMB2.21 billion,including

110、two parts:wealth management products for temporarily idle fund raised previously:at the end of December 2018,the Companys proceeds for the issuance of convertible corporate bonds were fully received.In order to improve the yield of temporarily-idle funds,the Company intended to carry out cash manage

111、ment with the amounts not exceeding RMB0.5 billion after approved by the Board.By the end of the Reporting Period,the balance of the entrusted wealth management amounted to RMB0.36 billion;temporary-idle funds wealth management used by certain subsidiaries of the Company:Under the premise of ensurin

112、g sufficient capital required by the principal operating activities and daily operations,some subsidiaries of the Company purchased some short-term principal-guaranteed wealth management products and structured deposits from major commercial banks to improve the yield of temporarily-idle funds and t

113、he return for shareholders within the authority of the presidents office meeting and under the condition of ensuring fund safety.By the end of the Reporting Period,the balance of the entrusted wealth management amounted to RMB1.85 billion.(4)Progress of the A-share repurchases:On 5 March 2021,the Co

114、mpany convened the 16th meeting of the 10th session of the Board,which considered and approved the Resolution in Relation to the Repurchase Plan of a Portion of Public Shares of Haier Smart Home Co.,Ltd.It approved the Company to use its own funds to repurchase a portion of A shares of the Company b

115、y way of centralised bidding.The repurchase price is no more than RMB46 per share and the proposed total repurchase amount is no more than RMB4.0 billion and no less than RMB2.0 billion,with no more than 86.96 million shares to be repurchased.The period of this repurchase is within 12 months from th

116、e date the Board considered and approved the resolution of repurchase of shares.As at the end of the Reporting Period,the Company had repurchased a total of 71,838,966 shares,representing 0.76%of the total share capital of the Company.The highest price purchased was RMB32.80 per share and the lowest

117、 price was RMB24.89 per share,and the total amount paid was RMB1,994,364,263.42.For details,please refer to the announcement on the progress of the repurchase disclosed by the Company on a monthly basis.(5)Progress of the Employee Stock Ownership Plan:During the Reporting Period,according to the rel

118、evant arrangements in Core Employees A Share Ownership Plan of Haier Smart Home Co.,Ltd.(for Years 20212025)(Draft)and its Summary and the Core Employees H Share Ownership Plan of Haier Smart Home Co.,Ltd.(for Years 20212025)(Draft)and its 14 Summary,which were considered and approved at the general

119、 meeting and have come into effect,the Company completed the shares pool building for the above share ownership plans.Please refer to Announcement of Haier Smart Home Co.,Ltd.on the Completion of Non-transactional Transfer of Share Certificates for Core Employees A Share Ownership Plan and Announcem

120、ent of Haier Smart Home Co.,Ltd.on the Completion of Share Purchase for Core Employees H Share Ownership Plan(for Year 2021)issued on 24 July 2021 and 27 July 2021 for further details.(6)Progress of the matters in relation to share incentives:The Company held the second extraordinary general meeting

121、 of 2021 and other relevant meetings on 15 September 2021 to consider and approve the 2021 A Share Option Incentive Scheme(draft)of Haier Smart Home Co.,Ltd.and its summary.The share incentive plan involved a total of 51,000,000 share options(of which 46,000,000 options would be granted under the fi

122、rst grant and 5,000,000 options would be reserved),with an exercise price of RMB25.63 per share.On 15 September 2021,the Company held the 23rd meeting of the tenth session of Board and other relevant meetings to consider and approve the Resolution on the First Grant of Share Options to the Participa

123、nts of Haier Smart Home Co.,Ltd.,after which the works related to the first grant of the share incentives were completed.Please refer to Announcement of Haier Smart Home Co.,Ltd.on the First Award of the 2021 A Share Options to the Participants issued on the same date for further details.IV.Quarterl

124、y Financial Statements (I)Type of Audit Opinion Applicable Not Applicable (II)Financial Statements Consolidated Balance Sheet 30 September 2021 Prepared by:Haier Smart Home Co.,Ltd.Unit and Currency:RMB Type of Audit:Unaudited Items 30 September 2021 31 December 2020 Current assets:Cash at bank and

125、on hand 41,415,025,484.61 46,461,329,426.91 Provision of settlement fund Funds lent Financial assets held for trading 2,888,189,624.36 2,165,192,497.83 Derivative financial assets 136,885,409.17 77,839,006.63 Bills receivable 14,584,132,119.43 14,136,349,754.34 Accounts receivable 18,116,053,952.58

126、15,930,024,286.67 15 Financing receivables Prepayments 1,145,689,726.84 765,427,571.70 Premiums receivable Reinsurance accounts receivable Reinsurance contract reserves receivable Other receivables 2,464,638,317.25 1,717,152,945.65 Including:Interest receivable Dividend receivable Financial assets p

127、urchased under resale agreements Inventories 36,070,094,427.60 29,446,973,404.75 Contract assets 239,570,182.64 263,412,927.58 Assets held for sale Non-current assets due in one year Other current assets 2,965,185,089.86 3,283,888,900.58 Total current assets 120,025,464,334.34 114,247,590,722.64 Non

128、-current assets:Loans and advances granted Debt investments Other debt investments Long-term receivables 304,741,668.20 330,588,978.97 Long-term equity investments 22,807,807,301.52 21,567,658,450.89 Investments in other equity instruments 4,242,437,904.06 2,659,125,265.54 Other non-current financia

129、l assets Investment properties 26,816,851.55 28,387,002.81 Fixed assets 20,995,893,489.10 20,895,504,722.21 Construction in progress 5,818,491,926.80 3,596,902,447.07 Biological assets for production Oil and gas assets Right-of-use assets 2,827,110,733.34 2,839,858,259.27 Intangible assets 9,810,514

130、,844.04 10,017,867,645.93 Development cost 233,229,783.08 167,746,724.13 Goodwill 22,243,100,696.36 22,518,460,337.64 Long-term prepaid expenses 516,927,472.21 455,742,504.13 Deferred income tax assets 1,837,596,917.04 2,208,301,258.25 Other non-current assets 1,250,446,349.68 1,925,761,560.17 Total

131、 non-current assets 92,915,115,936.98 89,211,905,157.01 Total assets 212,940,580,271.32 203,459,495,879.65 Current liabilities:Short-term borrowings 8,458,180,631.47 7,687,908,165.88 Borrowings from central bank Due to banks and other financial institutions Financial liabilities held for trading 2,2

132、24,705.72 26,952,508.66 Derivative financial liabilities 95,516,212.72 239,582,532.90 Bills payable 24,375,581,162.68 21,236,057,053.67 Accounts payable 41,409,432,997.78 36,302,971,944.48 Receipts in advance 16 Contract liabilities 9,324,774,033.42 7,048,637,659.48 Disposal of repurchased financial

133、 assets Absorbing deposit and deposit in inter-bank market Customer deposits for trading in securities Amounts due to issuer for securities underwriting Payables for staffs remuneration 3,451,424,281.99 3,760,099,978.82 Taxes payable 2,376,641,406.71 2,399,705,460.12 Other payables 17,978,525,705.73

134、 17,056,156,167.28 Including:Interest payable Dividend payable Fees and commissions payable Reinsurance Accounts payables Liabilities held for sale Non-current liabilities due within one year 8,213,205,476.08 7,522,724,913.40 Other current liabilities 355,285,824.66 6,112,053,944.63 Total current li

135、abilities 116,040,792,438.96 109,392,850,329.32 Non-current liabilities:Deposits for insurance contracts Long-term borrowings 9,520,261,665.11 11,821,416,259.81 Bonds payable 383,013,786.19 6,713,501,050.27 Including:Preference shares Perpetual bonds Lease liabilities 2,075,728,389.63 2,072,702,352.

136、68 Long-term payables 93,735,949.10 98,203,261.27 Long-term payables for staffs remuneration 1,399,631,122.57 1,245,775,024.35 Estimated liabilities 1,547,293,356.78 1,442,844,036.73 Deferred income 633,114,817.93 633,761,669.48 Deferred income tax liabilities 2,089,444,332.80 1,900,401,265.97 Other

137、 non-current liabilities 29,056,984.15 27,033,458.13 Total non-current liabilities 17,771,280,404.26 25,955,638,378.69 Total liabilities 133,812,072,843.22 135,348,488,708.01 Owners equity(or shareholders equity):Paid-in capital(or share capital)9,395,905,824.00 9,027,846,441.00 Other equity instrum

138、ents 133,398,235.40 2,364,195,333.79 Including:Preference shares Perpetual bonds Capital reserve 22,479,232,117.98 15,009,027,407.40 Less:treasury stock 2,215,540,540.97 28,896,550.65 Other comprehensive income -231,890,423.78-1,046,216,729.06 Special reserve Surplus reserve 3,045,334,539.60 3,045,3

139、34,539.60 General risk provisions Undistributed profits 45,127,334,771.23 38,445,132,172.47 Total equity attributable to owners(or shareholders)of the Parent Company 77,733,774,523.46 66,816,422,614.55 17 Minority shareholders interests 1,394,732,904.64 1,294,584,557.09 Total owners equity(or shareh

140、olders equity)79,128,507,428.10 68,111,007,171.64 Total liabilities and owners equity(or shareholders equity)212,940,580,271.32 203,459,495,879.65 Person in charge of the Company:Liang Haishan Person in charge of accounting function:Gong Wei Person in charge of accounting department:Ying Ke Consolid

141、ated Profit Statement January-September 2021 Prepared by:Haier Smart Home Co.,Ltd.Unit and Currency:RMB Type of Audit:Unaudited Items 2021 First Three Quarters(January-September)2020 First Three Quarters(January-September).Total operating revenue 169,963,571,548.76 154,411,813,689.44 Including:Opera

142、ting revenue 169,963,571,548.76 154,411,813,689.44 Interest income Insurance premiums earned Fee and commission income .Total cost of operations 159,343,921,456.82 148,193,548,528.82 Including:Operating cost 118,623,829,079.36 111,131,091,030.65 Interest expenses Fee and commission expenses Insuranc

143、e withdrawal payment Net payment from indemnity Net provisions withdrew for insurance liability Insurance policy dividend paid Reinsurance cost Taxes and surcharges 562,361,108.77 469,361,548.05 Selling expenses 26,098,146,035.41 23,362,019,340.66 Administrative expenses 7,557,331,611.69 7,081,266,7

144、45.91 R&D expenses 6,204,288,536.34 5,007,098,365.49 Financial expenses 297,965,085.25 1,142,711,498.06 Including:Interest expenses 542,540,233.96 1,032,220,170.47 Interest income 400,822,923.36 358,504,311.40 Add:other income 635,028,802.34 923,669,481.27 investment income(losses are represented by

145、“-”)1,664,671,227.93 3,503,301,030.65 Including:Investment income of associates and joint ventures Income generated from the derecognition of financial assets measured at amortized cost Exchange gain(losses are represented by“-”)18 Gains on net exposure hedges(losses are represented by“-”)Income fro

146、m change in fair value(losses are represented by “-”)39,767,883.33 6,595,588.63 Loss on credit impairment(losses are represented by“-”)-141,683,845.18-116,103,151.35 Loss on assets impairment(losses are represented by“-”)-728,421,071.61-727,876,621.09 Gain from disposal of assets(losses are represen

147、ted by“-”)207,581,603.71-52,591,373.95.Operating profit(losses are represented by“-”)12,296,594,692.46 9,755,260,114.78 Add:non-operating income 147,370,992.20 107,820,893.69 Less:non-operating expenses 104,861,881.92 122,983,406.06.Total profit(total losses are represented by“-”)12,339,103,802.74 9

148、,740,097,602.41 Less:income tax expense 2,274,926,783.00 1,721,111,958.00.Net profit(net losses are represented by“-”)10,064,177,019.74 8,018,985,644.41(I)Classification by continuous operation 1.Net profit from continuous operation(net losses are represented by“-”)10,064,177,019.74 8,018,985,644.41

149、 2.Net profit from discontinued operation(net losses are represented by“-”)(II)Classification by ownership of the equity 1.Net profit attributable to shareholders of the Parent Company(net losses are represented by“-”)9,934,611,508.38 6,300,507,503.54 2.Profit or loss attributable to minority shareh

150、olders(net losses are represented by“-”)129,565,511.36 1,718,478,140.87 VI.Other comprehensive income,net of tax 768,015,269.00-1,726,210,230.61(I)Other comprehensive income attributable to shareholders of the listed Company,net of tax 776,465,493.58-1,664,084,285.15 1.Other comprehensive income tha

151、t cannot be reclassified into the profit or loss 1,180,689,883.33-58,986,038.62(1)Changes arising from re-measurement of defined benefit plans -355,977.81-2,796,373.04(2)Other comprehensive income that cannot be transferred into profit or loss under equity method (3)Changes in fair value of investme

152、nts in other equity instruments 1,181,045,861.14-56,189,665.58(4)Changes in fair value of credit risks of the enterprise 2.Other comprehensive income to be reclassified into the profit or loss -404,224,389.75-1,605,098,246.53(1)Other comprehensive income that 37,327,753.73-189,651,363.03 19 can be t

153、ransferred into profit or loss under equity method (2)Changes in fair value of other debt investments (3)Reclassified financial assets that are credited to other comprehensive income (4)Credit impairment provision for other debt investments (5)Reserve for cash flow hedging 116,947,915.82-84,274,049.

154、94(6)Exchange differences on translation of financial statements denominated in foreign currencies -558,500,059.30-1,331,172,833.56(7)Others (II)Other comprehensive income attributable to minority shareholders,net of tax -8,450,224.58-62,125,945.46.Total comprehensive income 10,832,192,288.74 6,292,

155、775,413.80(I)Total comprehensive income attributable to the owners of Parent Company 10,711,077,001.96 4,636,423,218.39(II)Total comprehensive income attributable to the minority shareholders 121,115,286.78 1,656,352,195.41.Earnings per share:(I)Basic earnings per share(RMB/share)1.072 0.958(II)Dilu

156、ted earnings per share(RMB/share)1.061 0.939 Person in charge of the Company:Liang Haishan Person in charge of accounting function:Gong Wei Person in charge of accounting department:Ying Ke Consolidated Cash Flow Statement January-September 2021 Prepared by:Haier Smart Home Co.,Ltd.Unit and Currency

157、:RMB Type of Audit:Unaudited Items 2021 First Three Quarters(January-September)2020 First Three Quarters(January-September)I.Cash flow from operating activities:Cash received from the sale of goods and rendering services 173,651,240,498.75 147,291,023,850.68 Net increase in customer and inter-bank d

158、eposits Net increase in borrowing from the central bank Net cash increase in borrowing from other financial institutes Cash received from premiums under original insurance contract Net cash received from reinsurance business Net increase in deposits of policy 20 holders and investment Cash received

159、from interest,fee and commissions Net increase in placement from banks and other financial institutions Net increase in cash received from repurchase operation Net cash received from customer deposits for trading in securities Refunds of taxes 1,375,729,622.99 976,790,858.07 Cash received from other

160、 related operating activities 1,625,799,358.48 858,777,749.41 Sub-total of cash inflows from operating activities 176,652,769,480.22 149,126,592,458.16 Cash paid on purchase of goods and services 118,817,633,261.77 107,290,072,174.03 Net increase in loans and advances of customers Net increase in de

161、posits in the PBOC and inter-bank Cash paid for compensation payments under original insurance contract Net increase in cash lent Cash paid for interest,bank charges and commissions Cash paid for insurance policy dividend Cash paid to and on behalf of employees 18,881,393,407.16 16,400,625,372.03 Ca

162、sh paid for all types of taxes 7,580,113,678.87 5,612,184,299.93 Cash paid to other operation related activities 18,014,345,057.24 14,112,505,937.72 Sub-total of cash outflows from operating activities 163,293,485,405.04 143,415,387,783.71 Net cash flow from operating activities 13,359,284,075.18 5,

163、711,204,674.45 II.Cash flow from investing activities:Cash received from recovery of investments 4,665,552,636.62 2,810,432,335.20 Cash received from return on investments 578,040,778.24 348,202,313.61 Net cash received from the disposal of fixed assets,intangible assets and other long-term assets 4

164、2,303,385.93 80,436,732.37 Net cash received from disposal of subsidiaries and other operating entities 1,314,096,598.53 Other cash received from investment activities 8,051,012.31 Sub-total of cash inflows from investing activities 5,285,896,800.79 4,561,218,992.02 Cash paid on purchase of fixed 4,

165、907,211,978.77 5,099,603,609.64 21 assets,intangible assets and other long-term assets Cash paid for investments 5,582,993,847.32 1,758,422,705.33 Net increase in secured loans Net cash paid on acquisition of subsidiaries and other operating entities 345,271,380.17 Other cash paid on investment acti

166、vities 250,000.00 52,942,942.62 Sub-total of cash outflows from investing activities 10,490,455,826.09 7,256,240,637.76 Net cash flow from investing activities-5,204,559,025.30-2,695,021,645.74 III.Cash flow from financing activities:Cash received from capital contributions 39,420,000.00 1,326,697,7

167、09.68 Including:Cash received from capital contributions by minority shareholders of subsidiaries Cash received from borrowings 7,143,577,184.22 23,485,842,921.55 Other cash received from financing activities 4,422,492.60 Sub-total of cash inflows from financing activities 7,182,997,184.22 24,816,96

168、3,123.83 Cash paid on repayment of loans 12,788,537,940.13 14,546,595,992.83 Cash paid on distribution of dividends,profits or repayment of interest expenses 3,853,421,860.00 3,966,850,550.91 Including:Dividend and profit paid to minority shareholders by subsidiaries Other cash paid to financing act

169、ivities 3,622,853,443.72 552,815,827.98 Sub-total of cash outflows from financing activities 20,264,813,243.85 19,066,262,371.72 Net cash flow from financing activities-13,081,816,059.63 5,750,700,752.11 IV.Effect of fluctuations in exchange rates on cash and cash equivalents-19,753,211.46-400,075,9

170、56.59 V.Net increase in cash and cash equivalents-4,946,844,221.21 8,366,807,824.23 Add:balance of cash and cash equivalents at the beginning of the period 45,635,132,638.48 34,962,947,399.85 VI.Balance of cash and cash equivalents at the end of the period 40,688,288,417.27 43,329,755,224.08 Person

171、in charge of the Company:Liang Haishan Person in charge of accounting function:Gong Wei Person in charge of accounting department:Ying Ke 22(III)The adjustments of the relevant items of the financial statements at the beginning of the year due to the first implementation of new leasing standards since 2021 Applicable Not Applicable The Board of Haier Smart Home Co.,Ltd.29 October 2021