老板電器：2025年第一季度報告（英文版）.PDF

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1、Hangzhou ROBAM Appliances Co.,Ltd.2025 First Quarter Report 1 Hangzhou ROBAM Appliances Co.,Ltd.2025 First Quarter Report The Company and all members of the Board of Directors guarantee that the information disclosed is authentic,accurate and complete,and that there is no false record,misleading sta

2、tement or material omission.Important:1.The board of directors,the board of supervisors and the directors,supervisors and senior management of the Company guarantee that the quarterly report are authentic,accurate and complete,free from false records,misleading statements or major omissions,and bear

3、 individual and joint legal liabilities.2.The head of the Company,the head of accounting work,and the head of accounting body(accountant in charge),guarantee the authenticity,accuracy and completeness of the financial information in the quarterly report.3.Whether the first quarter report has been au

4、dited Yes No Hangzhou ROBAM Appliances Co.,Ltd.2025 First Quarter Report 2 I.Major Financial Data(I)Major Accounting Data and Financial Indicators Whether the Company needs to retroactively adjust or restate the accounting data of the previous years Yes No This reporting period Amount for correspond

5、ing period last year Increase/decrease in this reporting period as compared to the previous year Operating income(yuan)2,076,194,452.05 2,237,194,615.74-7.20%Net profits attributable to shareholders of listed companies(yuan)340,019,016.58 398,415,708.31-14.66%Net profits attributable to shareholders

6、 of the listed company after deduction of non-recurring profits and losses(yuan)313,555,187.51 352,836,284.84-11.13%Net cash flow from operating activities(yuan)-187,492,962.49 54,887,609.62-441.59%Basic EPS(yuan/share)0.36 0.42-14.29%Diluted EPS(yuan/share)0.36 0.42-14.29%Weighted average return on

7、 net assets 3.00%3.72%Decreased by 0.72%End of the reporting period End of previous year Increase/decrease at the end of this reporting period as compared to the end of the previous year(%)Total assets(yuan)16,698,707,688.37 17,043,258,282.33-2.02%Owners equity attributable to shareholders of listed

8、 companies(yuan)11,526,748,204.40 11,178,437,443.19 3.12%(II)Non-recurring Profit and Loss Items and Amount Applicable Not applicable Unit:yuan Item Amounts for the reporting period Description Profits and losses on the disposal of non-current assets(including the write-off of the provision for asse

9、t impairment)-2,010,666.21 Government subsidies included into current profits and losses(except those government subsidies that are closely related to normal business of the Company,comply with national policies and regulations,enjoyed according to defined criteria,and have an ongoing impact on the

10、Companys profit or loss)17,366,505.38 Reversal of impairment provision for receivables subject to separate impairment test 16,798,298.91 Income and expenditure other than those mentioned above-724,165.95 Minus:Amount affected by income tax 4,751,972.52 Hangzhou ROBAM Appliances Co.,Ltd.2025 First Qu

11、arter Report 3 Amount of minority shareholders equity affected(after tax)214,170.54 Total 26,463,829.07-Other profit and loss items that meet the definition of non-recurring profit and loss Applicable Not applicable The Company does not have any other profit and loss items that meet the definition o

12、f non-recurring profit and loss.Description of defining the non-recurring profit and loss items enumerated in the Interpretative Announcement No.1 on Information Disclosure of Public Securities Issuing Companies-Non-recurrent Profits and Losses as recurrent profit and loss items Applicable Not appli

13、cable The Company does not have any 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”as recurrent profit and loss items.(III)Changes in major accounting data and fi

14、nancial indicators and the reasons therefor Applicable Not applicable 1.Balance sheet items At the end of the reporting period,prepayments increased by 32.96%compared to the beginning of the year,primarily due to the increase in prepayments for materials.Non-current assets due within one year at the

15、 end of the reporting period decreased by 34.28%compared to the beginning of the year,primarily due to the maturity and cashing out of time deposits.At the end of the reporting period,other current assets decreased by 80.07%compared to the beginning of the year,primarily due to the maturity and cash

16、ing out of time deposits.At the end of the reporting period,other non-current financial assets increased by 166.67%compared to the beginning of the year,primarily due to the increase in bank wealth management products with maturities exceeding one year.At the end of the reporting period,the employee

17、 pay payable decreased by 82.66%compared to the beginning of the year,primarily due to the completion of year-end bonus payments.Non-current liabilities due within one year at the end of the reporting period decreased by 35.61%compared to the beginning of the year,primarily due to the reduction in l

18、ease liabilities due within one year.2.Income statement items During the reporting period,taxes and surcharges decreased by 35.44%compared to the same period last year,primarily due to the reduction in surcharges caused by the decrease in value-added tax.The financial expenses for the reporting peri

19、od increased by 33.50%compared to the same period last year,primarily due to the decrease in bank interest income.Non-operating income for the reporting period decreased by 61.30%compared to the same period last year,primarily due to a reduction in litigation compensation.During the reporting period

20、,non-operating expenses decreased by 30.69%compared to the same period last year,primarily due to a reduction in donation expenditures.3.Cash flow statement items During the reporting period,the net cash flow from operating activities decreased by 441.59%compared to the same period last year,primari

21、ly due to the increase in the purchase of materials.During the reporting period,the net cash flow from investing activities increased by 366.08%compared to the same period last year,primarily due to the lower base in the previous year.During the reporting period,the net cash flow from financing acti

22、vities increased by 101.60%compared to the same period last year,primarily due to the reduction in dividend payments.II.Shareholder Information (I)Total number of common shareholders and preferred shareholders with voting rights restored,and shareholdings of the top ten shareholders Hangzhou ROBAM A

23、ppliances Co.,Ltd.2025 First Quarter Report 4 Unit:share Total number of common shareholders at the end of the reporting period 42,444 Total number of preferred shareholders with voting rights restored at the end of the reporting period(if any)0 Shareholdings of top 10 shareholders(excluding shares

24、lent through refinancing)Shareholders name Shareholder nature Shareholding ratio(%)Number of shares held Number of shares held with limited sales conditions Pledge,mark or freeze Status of shares Quantity Hangzhou ROBAM Industrial Group Co.,Ltd.Domestic non-state legal person 49.90%471,510,000 0.00

25、Not applicable 0.00 Hong Kong Securities Clearing Company Ltd.Overseas legal person 12.49%117,987,820 0.00 Not applicable 0.00 Schroder Investment Management(Hong Kong)Limited-Schroder International Selection Fund China A(Exchange)Other 1.50%14,215,355 0.00 Not applicable 0.00 Shen Guoying Domestic

26、natural person 1.30%12,240,000 0.00 Not applicable 0.00 China Life Insurance(Group)Company-Traditional-General Insurance Products-Hong Kong Stock Connect(Innovation Strategy)Other 1.13%10,688,200 0.00 Not applicable 0.00 China Life Insurance Company Limited-Traditional-General Insurance Products-005

27、L-CT001 Hu Other 0.91%8,555,866 0.00 Not applicable 0.00 China Life Property&Casualty Insurance Co.,Ltd-Traditional-General Insurance Products Other 0.88%8,352,398 0.00 Not applicable 0.00 Hangzhou Jinchuang Investment Co.,Ltd.Domestic non-state legal person 0.70%6,640,085 0.00 Not applicable 0.00 H

28、angzhou ROBAM Appliances Co.,Ltd.2025 First Quarter Report 5 Hangzhou Yinchuang Investment Co.,Ltd.Domestic non-state legal person 0.67%6,318,000 0.00 Not applicable 0.00 China Pacific Life Insurance Co.,Ltd-Traditional-General Insurance Products Other 0.64%6,034,300 0.00 Not applicable 0.00 Shares

29、of the Top 10 shareholders without sale restriction conditions(excluding shares lended through refinancing and senior executive lock-in shares)Shareholders name Number of shares held with unlimited sales conditions Share type Share type Quantity Hangzhou ROBAM Industrial Group Co.,Ltd.471,510,000 RM

30、B common share 471,510,000 Hong Kong Securities Clearing Company Ltd.117,987,820 RMB common share 117,987,820 Schroder Investment Management(Hong Kong)Limited-Schroder International Selection Fund China A(Exchange)14,215,355 RMB common share 14,215,355 Shen Guoying 12,240,000 RMB common share 12,240

31、,000 China Life Insurance(Group)Company-Traditional-General Insurance Products-Hong Kong Stock Connect(Innovation Strategy)10,688,200 RMB common share 10,688,200 China Life Insurance Company Limited-Traditional-General Insurance Products-005L-CT001 Hu 8,555,866 RMB common share 8,555,866 China Life

32、Property&Casualty Insurance Co.,Ltd-Traditional-General Insurance Products 8,352,398 RMB common share 8,352,398 Hangzhou Jinchuang Investment Co.,Ltd.6,640,085 RMB common share 6,640,085 Hangzhou Yinchuang Investment Co.,Ltd.6,318,000 RMB common share 6,318,000 China Pacific Life Insurance Co.,Ltd-T

33、raditional-General Insurance Products 6,034,300 RMB common share 6,034,300 Description of the above-mentioned shareholder association or concerted action The actual controller of the Companys controlling shareholder Hangzhou ROBAM Industrial Group Co.,Ltd.and the shareholder Hangzhou Jinchuang Inves

34、tment 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.Securities margin trading business attended by top 10 shareholders(if any)N/A Lending of shares by shareholders holding more than

35、 5%shares,top 10 shareholders or top 10 public shareholders with unlimited sales conditions in the refinancing business Applicable Not applicable Change in the lending/return of shares by top 10 shareholders or top 10 public shareholders with unlimited sales conditions in the refinancing business as

36、 compared to the previous period Applicable Not applicable Hangzhou ROBAM Appliances Co.,Ltd.2025 First Quarter Report 6(II)Total number of preferred shareholders and the top 10 preferred shareholders shareholdings of the Company Applicable Not applicable III.Other important matters Applicable Not a

37、pplicable IV.Quarterly Financial Statements(I)Financial statements 1.Consolidated Balance Sheet Unit:Hangzhou ROBAM Appliances Co.,Ltd.March 31,2025 Unit:yuan Item Ending balance Beginning balance Current assets:Monetary capital 1,486,534,715.42 1,631,776,094.27 Deposit reservation for balance Lendi

38、ng funds Trading financial assets 2,830,000,000.00 2,180,000,000.00 Derivative financial assets Notes receivable 790,747,334.94 817,563,424.67 Accounts receivable 1,782,210,295.04 1,963,710,151.61 Receivables financing Advances to suppliers 214,990,264.56 161,690,670.71 Premiums receivables Reinsura

39、nce accounts receivable Provision of cession receivable Other receivables 65,467,642.69 86,729,886.98 Including:Interest receivable Dividends receivable Redemptory monetary capital for sale Inventory 1,222,468,429.21 1,214,012,761.29 Including:data resource Contract assets Assets held for sales Non-

40、current assets due within a year 591,178,904.11 899,560,428.08 Other current assets 281,206,642.26 1,411,059,496.48 Total current assets 9,264,804,228.23 10,366,102,914.09 Non-current assets:Loans and advances Debt investment Other debt investments Long-term receivables Long-term equity investment 7

41、,556,708.34 10,561,060.79 Other equity instrument investments 2,116,023.22 2,116,023.22 Other non-current financial assets 800,000,000.00 300,000,000.00 Investment properties 85,971,329.51 85,850,636.19 Hangzhou ROBAM Appliances Co.,Ltd.2025 First Quarter Report 7 Fixed assets 1,580,270,953.79 1,611

42、,144,579.04 Construction in progress 491,354,663.36 457,357,111.28 Productive biological assets Oil and gas assets Right-of-use assets 9,730,840.48 10,275,253.96 Intangible assets 202,562,758.07 205,881,656.70 Including:data resource Development expenditure Including:data resource Goodwill Long-term

43、 unamortized expenses 3,893,472.37 4,756,409.65 Deferred income tax assets 387,515,895.76 355,443,564.81 Other non-current assets 3,862,930,815.24 3,633,769,072.60 Total non-current assets 7,433,903,460.14 6,677,155,368.24 Total assets 16,698,707,688.37 17,043,258,282.33 Current liabilities:Short-te

44、rm borrowing 97,752,558.21 93,239,299.06 Borrowings from central bank Borrowing funds Trading financial liabilities Derivative financial liabilities Notes payable 1,233,305,338.93 1,061,073,856.74 Accounts payable 2,233,200,449.35 2,830,095,046.91 Advance from customers Contract liabilities 788,930,

45、302.15 867,810,932.52 Financial assets sold for repurchase Deposits from customers and interbank Acting trading securities Acting underwriting securities Payroll payable 32,673,919.68 188,410,062.92 Tax payable 170,375,447.50 189,784,241.67 Other payables 287,262,279.40 285,326,671.78 Including:Inte

46、rest payable Dividends payable Fees and commissions payable Dividend payable for reinsurance Liabilities held for sales Non-current liabilities due within a year 1,375,726.13 2,136,543.64 Other current liabilities 87,101,993.93 95,808,311.01 Total current liabilities 4,931,978,015.28 5,613,684,966.2

47、5 Non-current liabilities:Reserve fund for insurance contracts Long-term borrowing Bonds payable Including:preferred stock Perpetual bond Lease liabilities 10,227,238.09 10,197,520.49 Long-term payable Long-term payroll payable Estimated liabilities Deferred income 109,012,905.18 114,504,272.72 Hang

48、zhou ROBAM Appliances Co.,Ltd.2025 First Quarter Report 8 Deferred income tax liabilities 35,821,413.97 38,784,781.76 Other non-current liabilities Total non-current liabilities 155,061,557.24 163,486,574.97 Total liabilities 5,087,039,572.52 5,777,171,541.22 Owners equity:Capital stock 944,938,916.

49、00 944,782,166.00 Other equity instruments Including:preferred stock Perpetual bond Capital reserve 246,107,660.28 237,627,547.19 Minus:treasury stock Other comprehensive income-99,896,711.41-99,551,592.95 Special reserve Surplus reserves 474,516,412.50 474,516,412.50 General risk preparation Undist

50、ributed profit 9,961,081,927.03 9,621,062,910.45 Total owners equities attributable to the owners of parent company 11,526,748,204.40 11,178,437,443.19 Minority equity 84,919,911.45 87,649,297.92 Total owners equities 11,611,668,115.85 11,266,086,741.11 Total liabilities and owners equities 16,698,7

51、07,688.37 17,043,258,282.33 Legal representative:Ren Jianhua Head of accounting work:Zhang Guofu Head of accounting body:Zhang Guofu 2.Consolidated Statement of Income Unit:yuan Item Amount incurred in current period Amount incurred in previous period I.Total operating income 2,076,194,452.05 2,237,

52、194,615.74 Including:Operating income 2,076,194,452.05 2,237,194,615.74 Interest revenue Premium earned Fee and commission income II.Total operating costs 1,752,513,463.62 1,829,923,364.67 Including:Operating costs 981,571,995.43 1,104,112,964.04 Interest expenditure Fee and commission expense Surre

53、nder value Net payments for insurance claims Net reserve fund extracted for insurance liability Bond insurance expense Reinsurance costs Taxes and surcharges 9,148,370.58 14,169,604.86 Selling expenses 636,571,393.23 597,805,803.84 Management costs 96,991,129.85 95,931,909.79 Research and developmen

54、t expenses 62,500,918.10 69,436,172.91 Financial expenses-34,270,343.57-51,533,090.77 Hangzhou ROBAM Appliances Co.,Ltd.2025 First Quarter Report 9 Including:interest expenditure 883,305.19 457,165.23 Interest revenue 35,677,782.29 52,268,972.59 Plus:other incomes 40,262,154.52 43,332,808.87 Income

55、from investment(loss expressed with-)2,620,688.10-1,775,329.39 Including:Income from investment of joint venture and cooperative enterprise-3,004,364.10-1,787,114.10 Income from derecognition of financial assets measured at amortized cost Exchange gain(loss expressed with-)Net exposure hedging gain(

56、loss expressed with“-”)Income from fair value changes(loss expressed with-)Credit impairment losses(loss expressed with-)23,314,042.05 17,902,453.99 Assets impairment losses(loss expressed with-)11,423,666.09-700,571.35 Income from disposal of assets(loss expressed with-)-2,064,442.82-203,869.89 III

57、.Operating profits(loss expressed with“-”)399,237,096.37 465,826,743.30 Plus:Non-operating income 518,377.14 1,339,617.02 Minus:non-operating expenditure 1,188,766.48 1,715,212.41 IV.Total profits(total loss expressed with“-”)398,566,707.03 465,451,147.91 Less:Income tax expenses 62,954,693.12 70,50

58、8,844.59 V.Net profits(net loss expressed with“-”)335,612,013.91 394,942,303.32(I)Classified by business continuity 1.Net profits from ongoing operation(net loss expressed with“-”)335,612,013.91 394,942,303.32 2.Net profits from discontinuing operation(net loss expressed with“-”)(II)Classified by ow

59、nership 1.Net profits attributable to the owners of parent company 340,019,016.58 398,415,708.31 2.Minority interest income-4,407,002.67-3,473,404.99 VI.Net amount of other comprehensive income after tax-345,118.46-42,058.96 Net amount of other comprehensive income after tax attributed to parent com

60、pany owners-345,118.46-42,058.96(I)Other comprehensive income that cant be reclassified into profit and loss 1.Remeasure the variation of net indebtedness or net asset of defined benefit plan 2.Other comprehensive income that cant be reclassified into profit and loss in the invested enterprise under

61、 equity method Hangzhou ROBAM Appliances Co.,Ltd.2025 First Quarter Report 10 3.Fair value change of other equity instrument investments 4.Fair value change of enterprise credit risks 5.Other (II)Other comprehensive income that will be reclassified into profit and loss-345,118.46-42,058.96 1.Other c

62、omprehensive income that will be reclassified into profit and loss in the invested enterprise under equity method 2.Fair value change of other debt investments 3.Amount of financial assets reclassified into other comprehensive income 4.Provision for credit impairment of other debt investments 5.Cash

63、 flow hedging reserve 6.Translation reserve-345,118.46-42,058.96 7.Other Net amount of other comprehensive income after tax attributed to minority shareholders VII.Total comprehensive income 335,266,895.45 394,900,244.36 Total comprehensive income attributed to parent company owners 339,673,898.12 3

64、98,373,649.35 Total comprehensive income belonging to minority shareholders-4,407,002.67-3,473,404.99 VIII.Earnings per share (I)Basic earnings per share 0.36 0.42(II)Diluted earnings per share 0.36 0.42 In case of business combination involving enterprises under common control in current period,the

65、 net profits achieved by the merged party before combination were RMB 0.00 and achieved by the merged party in previous period were RMB 0.00.Legal representative:Ren Jianhua Head of accounting work:Zhang Guofu Head of accounting body:Zhang Guofu 3.Consolidated Statement of Cash Flow Unit:yuan Item A

66、mount incurred in current period Amount incurred in previous period I.Cash flow from financing activities:Cash from selling commodities or offering labor 2,492,115,054.87 2,537,149,798.98 Net increase of customer deposit and deposit from other banks Net increase of borrowings from central bank Net i

67、ncrease of borrowing funds from other financial institutions Cash from obtaining original insurance contract premium Cash received from insurance premium of original insurance contract Net increase of deposit and investment of insured Hangzhou ROBAM Appliances Co.,Ltd.2025 First Quarter Report 11 Ca

68、sh from interest,handling charges and commissions Net increase of borrowing funds Net increase of repurchase of business funds Net cash from acting trading securities Refund of tax and levies 12,102,370.96 18,976.37 Other cash received related to operating activities 72,598,379.75 84,400,250.90 Subt

69、otal cash inflows from operating activities 2,576,815,805.58 2,621,569,026.25 Cash paid for selling commodities or offering labor 1,582,634,369.72 1,436,688,454.79 Net increase of customer loans and advances Net increase of amount due from central bank and interbank Cash paid for original insurance

70、contract claims payment Net increase of lending funds Cash paid for interest,handling charges and commissions Cash paid for policy dividend Cash paid to and for employees 340,323,826.97 342,453,569.98 Taxes and fees paid 176,766,557.79 182,420,970.84 Other cash paid related to operating activities 6

71、64,584,013.59 605,118,421.02 Subtotal cash outflows from operating activities 2,764,308,768.07 2,566,681,416.63 Net cash flow from operating activities-187,492,962.49 54,887,609.62 II.Cash flow from investment activities:Cash from investment withdrawal 200,000,000.00 2,687,508.22 Cash from investmen

72、t income 5,688,700.00 12,491.78 Net cash from disposal of fixed assets,intangible assets and other long-term assets 29,294.70 Net cash received from the disposal of subsidiaries and other business entities Other cash received related to investment activities 1,426,891,643.84 1,231,533,434.44 Subtota

73、l cash inflows from investment activities 1,632,609,638.54 1,234,233,434.44 Cash paid for the purchase and construction of fixed assets,intangible assets and other long term assets 63,778,233.36 94,003,080.71 Cash paid for investment 1,350,000,000.00 6,190,000.00 Net cash received from reinsurance b

74、usiness Net cash paid for obtaining subsidiaries and other business units Other cash paid related to investment activities 200,000,000.00 1,130,000,000.00 Subtotal cash outflows from investment activities 1,613,778,233.36 1,230,193,080.71 Hangzhou ROBAM Appliances Co.,Ltd.2025 First Quarter Report 1

75、2 Net cash flow from investment activities 18,831,405.18 4,040,353.73 III.Cash flow from financing activities:Receipts from equity securities 2,337,012.70 Including:Cash received from subsidies absorption of minority shareholders investment Cash received from borrowings 39,600,000.00 23,000,000.00 O

76、ther cash received related to financing activities 500,000.00 Subtotal cash inflows from financing activities 41,937,012.70 23,500,000.00 Cash repayments of amounts borrowed 33,013,457.92 30,000,000.00 Cash paid for distribution of dividends or profits and for interest expenses 504,297.51 472,705,13

77、8.80 Including:Dividends and profits paid by subsidiaries to minority shareholders Other cash paid related to financing activities 704,158.08 1,775,259.08 Subtotal cash outflows from financing activities 34,221,913.51 504,480,397.88 Net cash flow from financing activities 7,715,099.19-480,980,397.88

78、 IV.Impact of exchange rate movements on cash and cash equivalents-61,589.16-43,763.64 V.Net increase of cash and cash equivalents-161,008,047.28-422,096,198.17 Plus:Balance of cash and cash equivalents at the beginning of the period 1,518,303,556.89 1,878,166,358.09 VI.Balance of cash and cash equi

79、valents at the beginning of the period 1,357,295,509.61 1,456,070,159.92(II)Adjustment of relevant items in financial statements at the beginning of first implementation year as a result of first implementation of new accounting standards from 2025 Applicable Not applicable(III)Audit report Whether the first quarter report is audited Yes No The Companys first quarter report is unaudited.Board of Directors of Hangzhou ROBAM Appliances Co.,Ltd.April 28,2025