美的集团：2024年三季度报告(英文版)
Third Quarterly Report of 2024 of Midea Group Co., Ltd.Stock code: 000333Stock name: Midea GroupAnnouncement No.: 2024-093
Midea Group Co., Ltd.Third Quarterly Report of 2024
Midea Group Co., Ltd. (hereinafter referred to as the“Company”) and all the members of theCompany’s Board of Directors have warranted that the information given in this Report is true,accurate and complete, as well as free of any false record, misleading statement or materialomission.IMPORTANT NOTICE:
1. The board of directors, the supervisory committee, as well as the directors, supervisors
and senior management hereby warrant the truthfulness, accuracy and completeness of thisquarterly report, which does not contain false representations, misleading statements ormaterial omissions, and jointly and severally accept legal responsibility.
2. The legal representative, the principal in charge of accounting, and the head of the accounting
department, declare that they warrant the truthfulness, accuracy and completeness of thefinancial information in this quarterly report.
3. Is the third quarterly report audited
Yes ? No
Third Quarterly Report of 2024 of Midea Group Co., Ltd.I. KEY FINANCIAL DATA(I) Major accounting data and financial indicatorsRetrospective adjustment to or restatement of the accounting data for prior years by the Company Yes ? No
The ReportingPeriod
Increase/decreasefor the ReportingPeriod compared
to thecorrespondingperiod of theprior year
From thebeginning of theyear to the endof the ReportingPeriod
Increase/decreasefrom the beginningof the year to theend of theReporting Periodcompared to thecorrespondingperiod of theprior yearOperating revenue (RMB’000)101,700,5758.05%318,974,6619.57%Net profit attributable to shareholders of the Company (RMB’000)
10,894,93814.86%31,699,11414.37%Net profit attributable to shareholders ofthe Company before non-recurring gains or losses (RMB’000)
10,195,85810.96%30,376,73613.17%Net cash flows from operating activities (RMB’000)
60,263,68134.56%Basic earnings per share (RMB per share)
1.5612.23%4.5812.81%Diluted earnings per share (RMB per share)
1.5612.23%4.5712.84%Weighted average return on net assets6.25%-0.02%18.46%0.05%
As at the end ofthe Reporting Period
As at the end ofthe prior year
Increase/decrease as atthe end of the ReportingPeriod compared to the
end of the prior yearTotal assets (RMB’000)567,150,337486,038,18416.69%Owners’equity attributable toshareholders of the Company (RMB’000)208,887,776162,878,82528.25%Revenue from the Company’s Smart Home Solutions, Energy Solutions & Industrial Technology,Intelligent Building Technology, and Robotics & Automation from the beginning of the yearto the end of the Reporting Period amounted to RMB215.4 billion, RMB25.4 billion, RMB22.4billion and RMB20.8 billion, representing a year-on-year increase of 10%, 19% and 6% and ayear-on-year decrease of 9%, respectively.
Third Quarterly Report of 2024 of Midea Group Co., Ltd.(II) Items and amounts of non-recurring gains or losses? Applicable Not applicable
Unit: RMB’
Item
Amount for theReporting Period
Amount from thebeginning of theyear to the end of
the ReportingPeriod
Explanation
Profit or loss from disposal of non-current assets142,388241,605Except for effective hedging business conducted in theordinary course of business of the Group, gain or lossarising from the change in fair value of held-for-tradingfinancial assets, derivative financial assets, held-for-tradingfinancial liabilities, derivative financial liabilities, other non-current financial assets, and investment gains or lossesfrom disposal of held-for-trading financial assets, derivativefinancial assets, held-for-trading financial liabilities,derivative financial liabilities, other non-current financial assets
73,618438,027
Others (mainly including government grants, reversal ofprovision for impairment of receivables subject toindividual impairment test, income from claims, income from fines and other non-operating income and expenses)
239,989923,722
Less: Effect of income tax-62,932304,547 Effect of minority interest (after tax)-180,153-23,571Total699,0801,322,378Details of other gain or loss items that fall within the definition of non-recurring gains or losses:
Applicable ? Not applicableExplanation on the non-recurring gain or loss items as illustrated in the Explanatory Announcementon Information Disclosure for Companies Offering Their Securities to the Public No.1 –Non-recurring Gains or Losses defined as its recurring gain or loss items
Applicable ? Not applicableThe Company did not have the circumstance that the non-recurring gain or loss items as illustratedin the Explanatory Announcement on Information Disclosure for Companies Offering TheirSecurities to the Public No.1 – Non-recurring Gains or Losses defined as its recurring gain or lossitems.
Third Quarterly Report of 2024 of Midea Group Co., Ltd.(III) Particulars of and reasons for changes in major accounting data and financial indicators??Applicable Not applicable
Unit: RMB’
Item
Closing balance(or accumulatedamount for thecurrent year)
Opening balance
of the year(or accumulatedamount for thecorresponding
period of
prior year)
ChangeReason for the change
Cash at bank and on hand160,879,25981,673,84696.98%Mainly due to the increase in cash
received from issuance of sharesand net cash flows generatedfrom operating activitiesFinancial assets held for trading
6,995,4061,790,588290.68%Mainly due to the increase in
structured depositsCurrent portion of non-current assets
30,105,10210,760,577179.77%Mainly due to the transfer of
other non-current assetsOther current assets40,576,44462,900,891-35.49%Mainly due to the expiration of
constant return financial productOther debt investments550,8346,319,047-91.28%Mainly due to the amount
transferred to current portion of
non-current assetsLong-term receivables113,180250,519-54.82%Mainly due to the amount
transferred to current portion of
non-current assetsOther non-current financial assets
4,315,7977,769,938-44.46%Mainly due to the amount
transferred to financial assets
held for tradingShort-term borrowings27,939,1888,819,176216.80%Mainly due to the increase in
borrowingsDerivative financial liabilities1,267,698257,668391.99%Mainly due to changes in fair
value of derivativesCurrent portion of non-current liabilities
39,150,65414,457,710170.79%Mainly due to the transfer of
long-term borrowingsLong-term borrowings10,494,61346,138,736-77.25%Mainly due to the amount
transferred to current portion of
non-current liabilitiesCapital reserve49,533,51821,243,156133.17%Mainly due to the issuance of
shares
Item
Closing balance(or accumulatedamount for the
current year)
Opening balance
of the year(or accumulatedamount for thecorrespondingperiod ofprior year)
ChangeReason for the change
Treasury stock6,026,46312,871,738-53.18%Mainly due to the cancellation of
sharesOther comprehensive income-839,246-164,202-411.11%Mainly due to changes in
translation differences of foreign
currency financial statementsGeneral risk reserve1,004,240642,52556.30%Mainly due to changes in
financial business operationsInterest costs-1,819-21,81891.66%Mainly due to changes in
financial business operationsFinance income2,981,8291,661,65079.45%Mainly due to the decrease in
interest expensesInvestment income786,114505,08355.64%Mainly due to the increase in
investment income from disposal
of derivative financial assets and
liabilitiesGains/(Losses) on changes in fair value
328,536118,137178.10%Mainly due to changes in fair
value of non-current financial
assetsAsset impairment losses-353,658-172,481-105.04%Mainly due to the increase in
losses from inventory impairmentGains/(Losses) on disposal of assets
258,260-21,9851274.71%Mainly due to the increase in
gains from disposal of non-
current assetsNon-operating income353,738183,74092.52%Mainly due to the increase in
other incomeNet cash flows from operating activities
60,263,68144,787,05634.56%Mainly due to the increase in
cash received from sales of goods
and rendering of labor servicesNet cash flows from investing activities
-90,564,488-33,608,113-169.47%Mainly due to the increase in
cash paid for investmentNet cash flows from financing activities
19,961,078-13,409,903248.85%Mainly due to increase in cash
received from investmentsNet increase in cash and cash equivalents
-10,579,630-2,060,575-413.43%Mainly due to the decrease in
net cash flows generated from
investing activities
Third Quarterly Report of 2024 of Midea Group Co., Ltd.II. INFORMATION ON SHAREHOLDERS(I) Total number of shareholders of ordinary shares and shareholders of preference shares
with restored voting rights and the shareholding of the top ten shareholders
Unit: shareTotal number of shareholders ofordinary shares as at the end of theReporting Period
271,449, of which 271,382were holders of A shares,and 67 were registeredholders of H shares
Total number of shareholdersof preference shares withrestored voting right as atthe end of the ReportingPeriod (if any)
Shareholding of the top ten shareholdersName of shareholderNature of shareholderPercentage
Number ofshares held
Number of sharesheld subject to sellingrestrictions
Pledged orfrozen sharesStatus of
shares
NumberMidea Holding Co., Ltd.
Domestic non-state-owned legal person
28.36%2,169,178,713–––Hong Kong Securities Clearing Company Limited
Overseas legal person14.76%1,129,385,202–––HKSCC NOMINEES LIMITEDOverseas legal person8.51%650,828,180–––China Securities Finance Corporation Limited
Domestic non-state-owned legal person
2.59%198,145,134–––Fang Hongbo ()
Domestic natural
person
1.53%116,990,49287,742,869––Industrial and Commercial Bank ofChina Limited – Huatai-PineBridgeCSI 300 Trading Open-ended Index Securities Investment Fund
Others1.23%93,801,083–––Central Huijin Asset Management Co., Ltd.
State-ownedlegal person
1.15%88,260,460–––Huang Jian ()
Domestic natural
person
1.13%86,140,000–––China Construction Bank Corporation – E Fund CSI 300 Trading Open-ended Index Initiated Securities Investment Fund
Others0.81%62,264,445–––Li Jianwei ()
Overseas natural
person
0.60%45,591,545–––
Third Quarterly Report of 2024 of Midea Group Co., Ltd.Shareholding of the top ten shareholders of non-restricted sharesName of shareholder
Number of shares held notsubject to sellingrestrictions
Class of sharesClass of sharesNumberMidea Holding Co., Ltd.2,169,178,713
RMB ordinary
shares
2,169,178,713Hong Kong Securities Clearing Company Limited1,129,385,202
RMB ordinary
shares
1,129,385,202HKSCC NOMINEES LIMITED650,828,180
Overseas listedforeign shares
650,828,180China Securities Finance Corporation Limited198,145,134
RMB ordinary
shares
198,145,134Industrial and Commercial Bank of China Limited –Huatai-PineBridge CSI 300 Trading Open-ended Index Securities Investment Fund
93,801,083
RMB ordinaryshares
93,801,083Central Huijin Asset Management Co., Ltd.88,260,460
RMB ordinary
shares
88,260,460Huang Jian ()86,140,000
RMB ordinaryshares
86,140,000China Construction Bank Corporation – E FundCSI 300 Trading Open-ended Index Initiated Securities Investment Fund
62,264,445
RMB ordinary
shares
62,264,445Li Jianwei ()45,591,545
RMB ordinaryshares
45,591,545Industrial and Commercial Bank of China Limited –Huaxia SSE-SZSW 300 Tradable Open-ended Index Securities Investment Fund
39,385,023
RMB ordinary
shares
39,385,023Explanation on whether the above shareholders are connected or acting in concert
Not applicableParticipation of top ten ordinary shareholders in securities of margin trading
Not applicableSpecial explanation on whether the top ten shareholders have repurchased special accounts
Not applicable
Note 1: Hong Kong Securities Clearing Company Limited is the nominee holder of the Company’s SZSE Securities.Note 2: HKSCC NOMINEES LIMITED is the nominee holder of shares held by non-registered holders of H shares
of the Company.
Third Quarterly Report of 2024 of Midea Group Co., Ltd.Information on the shareholders holding more than 5%, the top ten shareholders and the topten shareholders not subject to selling restrictions who participate in the margin financing andsecurities lending business? Applicable Not applicable
Unit: ShareInformation on the shareholders holding more than 5%, the top ten shareholders and the top ten shareholders not subject to
selling restrictions who participate in the margin financing and securities lending business
Name of shareholder (full name)
The shareholdings ofordinary account and creditaccount at the beginning of
the year
The outstanding shares lentthrough margin financingand securities lending atthe beginning of the year
The shareholdings ofordinary account and creditaccount at the end of the
period
The outstanding shares
lent through marginfinancing and securitieslending at the end of the
periodTotalnumber
Percentageof total share
capital
Totalnumber
Percentageof total share
capital
Totalnumber
Percentageof total share
capital
Totalnumber
Percentageof total share
capitalIndustrial and Commercial Bank ofChina Limited – Huatai-PineBridgeCSI 300 Trading Open-ended Index Securities Investment Fund
36,737,6330.52%10,1000.00%93,801,0831.23%00%China Construction BankCorporation – E Fund CSI 300Trading Open-ended Index Initiated Securities Investment Fund
13,740,6460.20%68,0000.00%62,264,4450.81%00%Industrial and Commercial Bank ofChina Limited – Huaxia SSE-SZSW300 Tradable Open-ended Index Securities Investment Fund
10,098,6230.14%542,2000.01%39,385,0230.51%00%
Change of the top ten shareholders and the top ten shareholders not subject to selling restrictionscompared with previous period due to the refinancing and security lending/return Applicable ? Not applicable(II) Total number of holders of preference shares and particulars of shareholding of the top
ten holders of preference shares of the Company Applicable ??Not applicableIII. OTHER MAJOR MATTERS
Applicable ? Not applicable
Third Quarterly Report of 2024 of Midea Group Co., Ltd.IV. QUARTERLY FINANCIAL STATEMENTS(I) Financial statements
CONSOLIDATED AND COMPANY BALANCE SHEETS
AS AT 30 SEPTEMBER 2024Prepared by Midea Group Co. Ltd. Unit: RMB’
ASSETS
30 September
2024
31 December
2023
30 September
2024
31 December
2023ConsolidatedConsolidatedCompanyCompanyCurrent assets:
Cash at bank and on hand160,879,25981,673,84656,521,42330,260,602Financial assets held for trading6,995,4061,790,5884,248,110299,001 Derivative financial assets1,316,7651,278,161–– Note receivables6,482,1235,521,960–– Account receivables36,924,38832,884,739–– Financing receivables14,606,05213,330,008–– Prepayments3,775,3163,316,194118,02181,244 Contract assets3,588,5564,045,925–– Loan receivables11,875,16814,296,958–– Other receivables2,094,4152,181,87827,749,89119,614,359 Inventories42,773,67147,339,255––Current portion of non-current assets30,105,10210,760,57725,626,9889,363,826 Other current assets40,576,44462,900,89120,130,06643,712,760Total current assets361,992,665281,320,980134,394,499103,331,792
Third Quarterly Report of 2024 of Midea Group Co., Ltd.ASSETS
30 September
2024
31 December
2023
30 September
2024
31 December
2023ConsolidatedConsolidatedCompanyCompanyNon-current assets:
Other debt investments550,8346,319,047529,4713,334,059 Long-term receivables113,180250,519–– Loan receivables513,775975,272––Long-term equity investments5,075,4224,976,109108,007,90675,957,844Investments in other equity instruments37,97037,874––Other non-current financial assets4,315,7977,769,938245,627285,170 Investment properties1,223,5111,293,629375,429393,988 Fixed assets32,650,33630,937,9632,137,1931,300,998 Construction in progress4,852,0814,681,220214749,934 Right-of-use assets2,857,4793,048,7853,5391,683 Intangible assets17,665,33118,457,736608,639583,714 Goodwill30,655,39230,858,237–– Long-term prepaid expenses1,737,8501,736,19968,53872,745 Deferred tax assets14,196,37812,771,150327,618289,426 Other non-current assets88,712,33680,603,52674,237,77071,132,070Total non-current assets205,157,672204,717,204186,541,944154,101,631TOTAL ASSETS567,150,337486,038,184320,936,443257,433,423
Third Quarterly Report of 2024 of Midea Group Co., Ltd.LIABILITIES ANDSHAREHOLDERS’ EQUITY
30 September
2024
31 December
2023
30 September
2024
31 December
2023ConsolidatedConsolidatedCompanyCompanyCurrent liabilities:
Short-term borrowings27,939,1888,819,176–400,000Customer deposits anddeposits from banks and other financial institutions103,25788,960––Financial liabilities held for trading1,012,4691,346,674––Derivative financial liabilities1,267,698257,668101,190– Note payables24,506,49821,707,608–– Account payables85,045,50772,530,465–– Contract liabilities37,510,24041,765,475–– Employee benefit payables7,636,5209,076,027122,175169,349 Tax payables6,584,8855,455,102491,893411,715 Other payables3,688,6614,442,928217,381,605170,693,950Current portion of non-current liabilities39,150,65414,457,7109,001,4366,621,910 Other current liabilities87,594,06471,297,92896,185147,552Total current liabilities322,039,641251,245,721227,194,484178,444,476Non-current liabilities:
Long-term borrowings10,494,61346,138,7367,599,60016,600,000 Debenture payables3,161,1353,217,969–– Lease liabilities1,910,8362,047,3191,505– Provisions950,416782,539–– Deferred income1,778,3721,734,932204,289157,917Long-term employee benefit payables1,389,6081,433,874–– Deferred tax liabilities5,084,8875,098,280–– Other non-current liabilities45,13539,165––Total non-current liabilities24,815,00260,492,8147,805,39416,757,917Total liabilities346,854,643311,738,535234,999,878195,202,393
Third Quarterly Report of 2024 of Midea Group Co., Ltd.LIABILITIES ANDSHAREHOLDERS’ EQUITY
30 September
2024
31 December
2023
30 September
2024
31 December
2023ConsolidatedConsolidatedCompanyCompanyEquity:
Share capital7,649,3287,025,7697,649,3287,025,769 Capital reserve49,533,51821,243,15657,787,03629,479,180 Less: Treasury stock(6,026,463)(12,871,738)(6,026,463)(12,871,738)Other comprehensive income(839,246)(164,202)458(6,639) General risk reserve1,004,240642,525–– Special reserve18,07716,040–– Surplus reserve10,702,92810,702,92810,702,92810,702,928 Undistributed profits146,845,394136,284,34715,823,27827,901,530Total equity attributable toshareholders of the Company208,887,776162,878,82585,936,56562,231,030 Minority interests11,407,91811,420,824––Total equity220,295,694174,299,64985,936,56562,231,030TOTAL LIABILITIES AND EQUITY567,150,337486,038,184320,936,443257,433,423Legal representative:Principal in charge of accounting:Head of accounting department:
Fang HongboZhong ZhengChen Lihong
Third Quarterly Report of 2024 of Midea Group Co., Ltd.CONSOLIDATED AND COMPANY INCOME STATEMENTS
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2024Prepared by Midea Group Co. Ltd. Unit: RMB’
Item
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023ConsolidatedConsolidatedCompanyCompanyI. Total revenue320,349,787292,379,658643,932807,741 Including: Operating revenue318,974,661291,110,510643,932807,741
Interest income1,374,7091,268,673––Fee and commission income417475––II. Total operating cost(285,208,763)(260,261,351)(154,715)343,587 Including: Cost of sales(233,629,908)(215,876,420)(30,676)(30,606)
Interest costs(1,819)(21,818)––Fee and commission expenses(1,683)(2,027)––Taxes and surcharges(1,631,930)(1,325,457)(33,292)(25,709)Selling and marketing expenses(31,163,032)(25,346,676)––General andadministrative expenses(10,360,728)(9,337,069)(1,206,533)(1,030,915)Research anddevelopment expenses(11,401,492)(10,013,534)––Finance income2,981,8291,661,6501,115,7861,430,817Including: Interest expenses(1,704,884)(2,285,139)(2,248,307)(2,232,397)
Interest income5,461,6035,113,6373,355,2713,671,077Add: Other income2,146,3071,414,3105,43930,588
Investment income786,114505,0838,208,1358,577,756Including: Share of profitof associates and joint ventures, net680,038620,966217,639178,044Gains/(Losses) on changes in fair value328,536118,137(167,100)87,451
Item
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023ConsolidatedConsolidatedCompanyCompanyAsset impairment losses(353,658)(172,481)––(Losses on)/Reversal of credit impairment(132,559)(181,670)(477)697Gains/(Losses) on disposal of assets258,260(21,985)152,466(86)III. Operating profit38,174,02433,779,7018,687,6809,847,734 Add: Non-operating income353,738183,74031,7779,555 Less: Non-operating expenses(129,293)(181,097)(944)(371)IV. Total profit38,398,46933,782,3448,718,5139,856,918 Less: Income tax expenses(6,247,487)(5,495,255)(20,414)(183,895)V. Net profit32,150,98228,287,0898,698,0999,673,023
(I) Classified by continuity ofoperationsNet profit from continuing operations32,150,98228,287,0898,698,0999,673,023Net profit from discontinued operations––––(II) Classified by ownership of the
equityAttributable to shareholders of the Company31,699,11427,717,4818,698,0999,673,023Minority interests451,868569,608––VI. Other comprehensive income, net of tax(946,255)(543,238)7,0977,571Other comprehensive incomeattributable to equity owners of the Company, net of tax(675,044)(481,090)7,0977,571
(I) Other comprehensive incomeitems which will not bereclassified subsequently toprofit or loss(7,260)(11,761)––
1. Changes arising from
remeasurement of definedbenefit plan(7,123)(11,761)––
2. Changes in fair value of
investments in other equityinstruments(137)–––
Item
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023ConsolidatedConsolidatedCompanyCompany(II) Other comprehensive incomeitems which will be reclassifiedsubsequently to profit or loss(667,784)(469,329)7,0977,571
1. Other comprehensive
income that will betransferred subsequentlyto profit or loss under theequity method4,41217,3237,0977,571
2. Cash flow hedging reserve(164,094)(556,111)––
3. Differences on translation
of foreign currencyfinancial statements(489,248)84,630––
4. Others(18,854)(15,171)––Other comprehensive incomeattributable to minority shareholders, net of tax(271,211)(62,148)––VII. Total comprehensive income31,204,72727,743,8518,705,1969,680,594Attributable to equity owners of the Company31,024,07027,236,3918,705,1969,680,594 Attributable to minority interests180,657507,460––VIII. Earnings per share
(I) Basic earnings per share4.584.06Not applicableNot applicable(II) Diluted earnings per share4.574.05Not applicableNot applicableLegal representative:Principal in charge of accounting:Head of accounting department:
Fang HongboZhong ZhengChen Lihong
Third Quarterly Report of 2024 of Midea Group Co., Ltd.CONSOLIDATED AND COMPANY CASH FLOW STATEMENTSFOR THE NINE MONTHS ENDED 30 SEPTEMBER 2024Prepared by Midea Group Co. Ltd. Unit: RMB’
Item
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023ConsolidatedConsolidatedCompanyCompanyI. Cash flows from operatingactivities:
Cash received from sales ofgoods or rendering of services312,172,422262,375,345––Net increase in customerdeposits and depositsfrom banks and other financial institutions14,29740,860––Net decrease in loan receivables2,968,149480,148––Net decrease in deposits with the Central Bank–152,667––Cash received from interest, fee and commission1,377,1471,283,930––Refund of taxes and surcharges7,420,5526,181,899––Cash received relating to other operating activities6,909,3104,963,74348,288,82130,456,009Sub-total of cash inflows330,861,877275,478,59248,288,82130,456,009Cash paid for goods and services(190,839,801)(159,850,989)––Net increase in deposits with the Central Bank(1,624,340)–––Cash paid for interest, fee and commission(3,502)(23,845)––Cash paid to and on behalf of employees(33,807,476)(29,339,923)(401,576)(357,445)Payments of taxes and surcharges(14,563,430)(15,180,128)(5,167)(335,458)Cash paid relating to other operating activities(29,759,647)(26,296,651)(2,365,679)(1,209,264)Sub-total of cash outflows(270,598,196)(230,691,536)(2,772,422)(1,902,167)Net cash flows from operating activities60,263,68144,787,05645,516,39928,553,842
Item
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023ConsolidatedConsolidatedCompanyCompanyII. Cash flows from investingactivities:
Cash received from disposal of investments71,222,66387,124,78948,889,84160,703,000Cash received from returns on investments2,855,6494,232,9513,472,17311,477,722Net cash received fromdisposal of fixed assets,intangible assets and other long-term assets600,999119,685176,30111Net cash received fromdisposal of subsidiaries and other business units40,4536,000133,62518,000Cash received relating to other investing activities–373,816––Sub-total of cash inflows74,719,76491,857,24152,671,94072,198,733Cash paid to acquire fixedassets, intangible assetsand other long-term assets(5,039,616)(4,143,771)(501,731)(767,476)Cash paid to acquire investments(160,021,460)(121,236,767)(107,142,946)(86,102,212)Cash paid relating to other investing activities(223,176)(84,816)––Sub-total of cash outflows(165,284,252)(125,465,354)(107,644,677)(86,869,688)Net cash flows from investing activities(90,564,488)(33,608,113)(54,972,737)(14,670,955)
Item
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023ConsolidatedConsolidatedCompanyCompanyIII. Cash flows from financingactivities:
Cash received from capital injection34,065,8022,196,75034,035,7382,155,838Including: Cash receivedfrom capital contributionsby minority shareholders of subsidiaries30,06440,912––Cash received from borrowings29,427,44622,764,632–400,000Cash received relating to other financing activities–303,154––Sub-total of cash inflows63,493,24825,264,53634,035,7382,555,838Cash repayments of borrowings(19,827,075)(18,192,653)(7,020,300)(89,900)Cash payments for interestexpenses and distribution of dividends or profits(22,300,634)(18,993,135)(23,156,310)(19,504,858)Including: Cash paymentsfor dividends or profitto minority shareholders of subsidiaries(290,352)(193,050)––Cash payments relating to other financing activities(1,404,461)(1,488,651)(98,647)(262,011)Sub-total of cash outflows(43,532,170)(38,674,439)(30,275,257)(19,856,769)
Net cash flows from financing activities19,961,078(13,409,903)3,760,481(17,300,931)
Item
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023
For the ninemonths ended30 September
2024
For the ninemonths ended30 September
2023ConsolidatedConsolidatedCompanyCompanyIV. Effect of foreign exchange
rate changes on cash andcash equivalents(239,901)170,385––V. Net increase in cash and
cash equivalents(10,579,630)(2,060,575)(5,695,857)(3,418,044)Add: Cash and cashequivalents at the beginning of the period59,887,26051,131,96829,283,15827,904,229VI. Cash and cash equivalents
at the end of the period49,307,63049,071,39323,587,30124,486,185Legal representative:Principal in charge of accounting:Head of accounting department:
Fang HongboZhong ZhengChen Lihong(II) Adjustments to items as at the beginning of the year in the financial statements arising
on the first time adoption of new accounting standards in 2024 Applicable ? Not applicable(III) Auditors’ ReportIs the third quarterly report audited
Yes ? NoThe third quarterly report of the Company is unaudited.
The Board of Directors of Midea Group Co., Ltd.
31 October 2024