老板电器：2024年第一季度报告(英文版)
2024 First Quarter Report
| Stock code: 002508 | Abbreviation of securities: Robam | No.: 2024-007 |
Hangzhou ROBAM Appliances Co., Ltd.
2024 First Quarter ReportThe Company and all members of the Board of Directors guarantee that the information disclosed is authentic, accurate andcomplete, and that there is no false record, misleading statement or material omission.Important:
1. The board of directors, the board of supervisors and the directors, supervisors and senior management of the Companyguarantee that the quarterly report are authentic, accurate and complete, free from false records, misleading statements ormajor omissions, and bear 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), guaranteethe authenticity, accuracy and completeness of the financial information in the quarterly report.
3. Whether the first quarter report has been audited
□ Yes ?No
2024 First Quarter Report
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 corresponding period last year | Increase/decrease in this reporting period as compared to the previous year |
Operating income (yuan)
| Operating income (yuan) | 2,237,194,615.74 | 2,177,271,694.59 | 2.75% |
Net profits attributable toshareholders of listedcompanies (yuan)
| Net profits attributable to shareholders of listed companies (yuan) | 398,415,708.31 | 388,734,141.35 | 2.49% |
Net profits attributable toshareholders of the listedcompany after deduction ofnon-recurring profits and losses(yuan)
| Net profits attributable to shareholders of the listed company after deduction of non-recurring profits and losses (yuan) | 352,836,284.84 | 341,448,848.17 | 3.34% |
Net cash flow from operatingactivities (yuan)
| Net cash flow from operating activities (yuan) | 54,887,609.62 | 181,762,454.94 | -69.80% |
Basic EPS (yuan/share)
| Basic EPS (yuan/share) | 0.42 | 0.41 | 2.44% |
Diluted EPS (yuan/share)
| Diluted EPS (yuan/share) | 0.42 | 0.41 | 2.44% |
Weighted average return on netassets
| Weighted average return on net assets | 3.72% | 3.92% | Decreased by 0.2% |
| 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)
| Total assets (yuan) | 15,689,511,406.14 | 16,779,531,315.72 | -6.50% |
Owner's equity attributable toshareholders of listedcompanies (yuan)
| Owner's equity attributable to shareholders of listed companies (yuan) | 10,925,204,458.54 | 10,522,938,731.68 | 3.82% |
(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 ofthe provision for asset impairment)
| Profits and losses on the disposal of non-current assets (including the write-off of the provision for asset impairment) | -203,869.89 |
Government subsidies included intocurrent profits and losses (except thosegovernment subsidies that are closelyrelated to normal business of the Company,comply with national policies andregulations, enjoyed according to definedcriteria, and have an ongoing impact on theCompany's profit or loss)
| 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 Company's profit or loss) | 33,962,790.08 |
Reversal of impairment provision forreceivables subject to separate impairmenttest
| Reversal of impairment provision for receivables subject to separate impairment test | 21,295,920.58 |
Income and expenditure other than thosementioned above
| Income and expenditure other than those mentioned above | -375,595.39 |
Minus: Amount affected by income tax
| Minus: Amount affected by income tax | 8,289,282.35 |
Amount of minority shareholders'equity affected (after tax)
| Amount of minority shareholders' equity affected (after tax) | 810,539.56 |
Total
| Total | 45,579,423.47 | -- |
2024 First Quarter Report
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 of non-recurring profit and loss.Description of defining the non-recurring profit and loss items enumerated in the Interpretative Announcement No. 1 onInformation Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses as recurrent profit and lossitems? Applicable □ Not applicable
| Item | Amount involved (yuan) | Cause |
VAT exemption or reduction or refund
| VAT exemption or reduction or refund | 8,834,981.34 | National tax policies, recurring business |
Individual income tax service chargerefund
| Individual income tax service charge refund | 535,037.45 | National tax policies, recurring business |
(III) Changes in major accounting data and financial indicators and the reasons therefor
? Applicable □ Not applicable
1. Balance sheet items
At the end of the reporting period, monetary funds increased by 21.11% as compared to the beginning of the year, which wasmainly due to the maturity of holding bank time deposit plan and classified into other current assets and other non-current assetsaccording to accounting standards.At the end of the reporting period, notes receivable decreased by 42.06% as compared to the beginning of the year, which wasmainly due to the redemption of notes at maturity.At the end of the reporting period, other current assets increased by 29.82% as compared to the beginning of the year, which wasmainly due to the maturity of holding bank time deposit plan and classified into other current assets according to accountingstandards.At the end of the reporting period, other non-current assets decreased by 43.80% as compared to the beginning of the year, whichwas due to the withdrawal of time deposits over one year at maturity.At the end of the reporting period, contract liabilities decreased by 34.34% as compared to the beginning of the year, which wasmainly due to the decrease in advance from customers.At the end of the reporting period, the payroll payable decreased by 81.87% as compared to the beginning of the year, which wasmainly due to the completion of 2023 annual bonus payment.At the end of the reporting period, other payables decreased by 58.11% as compared to the beginning of the year, which wasmainly due to the completion of special dividend for the first quarter of 2024.
2. Cash flow statement items
During the reporting period, the net cash flow from operating activities decreased by 69.80% as compared to the same period oflast year, which was mainly due to the increase in purchase of goods and payment of salaries.During the reporting period, the net cash flow from investment activities decreased by 98.32% as compared to the same period oflast year, which was mainly due to the adjustments made in accordance with accounting policies.During the reporting period, the net cash flow from financing activities decreased by 2414.85% as compared to the same period oflast year, which was mainly due to the payment of special dividend.II. Shareholder Information(I) Total number of common shareholders and preferred shareholders with voting rightsrestored, and shareholdings of the top ten shareholders
Unit: share
| Total number of common shareholders at the end of the reporting period (person) | 51,077 | 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 lent through refinancing)
Shareholdings of top 10 shareholders (excluding shares lent through refinancing)Shareholder's name
| Shareholder's name | Shareholder nature | Shareholding ratio (%) | Number of shares held | Number of shares held with | Pledge, mark or freeze | |
| Status of | Quantity | |||||
2024 First Quarter Report
| limited sales conditions | shares |
Hangzhou RobamIndustrial Group Co.,Ltd.
| Hangzhou Robam Industrial Group Co., Ltd. | Domestic non-state legal person | 49.68 | 471,510,000.00 | 0.00 | Not applicable | 0.00 |
Hong KongSecurities ClearingCompany Ltd.
| Hong Kong Securities Clearing Company Ltd. | Overseas legal person | 8.31 | 78,875,983.00 | 0.00 | Not applicable | 0.00 |
TEMASEKFULLERTONALPHA PTE LTD
| TEMASEK FULLERTON ALPHA PTE LTD | Overseas legal person | 1.79 | 16,950,061.00 | 0.00 | Not applicable | 0.00 |
China MerchantsBank Co. Ltd.－BOCOM SchroderNew Growth HybridSecurities InvestmentFund
| China Merchants Bank Co. Ltd.－ BOCOM Schroder New Growth Hybrid Securities Investment Fund | Other | 1.51 | 14,310,684.00 | 0.00 | Not applicable | 0.00 |
National SocialSecurity Fund 413Portfolio
| National Social Security Fund 413 Portfolio | Other | 1.36 | 12,902,204.00 | 0.00 | Not applicable | 0.00 |
Shen Guoying
| Shen Guoying | Domestic natural person | 1.29 | 12,240,000.00 | 0.00 | Not applicable | 0.00 |
Hangzhou JinchuangInvestment Co., Ltd.
| Hangzhou Jinchuang Investment Co., Ltd. | Domestic non-state legal person | 0.70 | 6,640,085.00 | 0.00 | Not applicable | 0.00 |
HangzhouYinchuangInvestment Co., Ltd.
| Hangzhou Yinchuang Investment Co., Ltd. | Domestic non-state legal person | 0.67 | 6,318,000.00 | 0.00 | Not applicable | 0.00 |
Ren Jianhua
| Ren Jianhua | Domestic natural person | 0.62 | 5,923,150.00 | 4,442,362.00 | Not applicable | 0.00 |
Industrial andCommercial Bank ofChina Limited－Penghua selectshybrid securitiesinvestment fundswith ingenuity
| Industrial and Commercial Bank of China Limited－Penghua selects hybrid securities investment funds with ingenuity | Other | 0.61 | 5,787,141.00 | 0.00 | Not applicable | 0.00 |
Shareholding of top 10 shareholders with unlimited sales conditions
Shareholding of top 10 shareholders with unlimited sales conditionsShareholder's name
| Shareholder's name | Number of shares held with unlimited sales conditions | Share type | |
| Share type | Quantity | ||
Hangzhou Robam Industrial Group Co.,Ltd.
| Hangzhou Robam Industrial Group Co., Ltd. | 471,510,000.00 | RMB common share | 471,510,000.00 |
Hong Kong Securities Clearing CompanyLtd.
| Hong Kong Securities Clearing Company Ltd. | 78,875,983.00 | RMB common share | 78,875,983.00 |
TEMASEK FULLERTON ALPHA PTELTD
| TEMASEK FULLERTON ALPHA PTE LTD | 16,950,061.00 | RMB common share | 16,950,061.00 |
China Merchants Bank Co. Ltd.－ BOCOMSchroder New Growth Hybrid SecuritiesInvestment Fund
| China Merchants Bank Co. Ltd.－ BOCOM Schroder New Growth Hybrid Securities Investment Fund | 14,310,684.00 | RMB common share | 14,310,684.00 |
National Social Security Fund 413 Portfolio
| National Social Security Fund 413 Portfolio | 12,902,204.00 | RMB common share | 12,902,204.00 |
Shen Guoying
| Shen Guoying | 12,240,000.00 | RMB common share | 12,240,000.00 |
Hangzhou Jinchuang Investment Co., Ltd.
| Hangzhou Jinchuang Investment Co., Ltd. | 6,640,085.00 | RMB common share | 6,640,085.00 |
2024 First Quarter Report
| Hangzhou Yinchuang Investment Co., Ltd. | 6,318,000.00 | RMB common share | 6,318,000.00 |
Industrial and Commercial Bank of ChinaLimited－Penghua selects hybrid securitiesinvestment funds with ingenuity
| Industrial and Commercial Bank of China Limited－Penghua selects hybrid securities investment funds with ingenuity | 5,787,141.00 | RMB common share | 5,787,141.00 |
Agricultural Bank of China Limited -CSI500 Index Open-ended Fund
| Agricultural Bank of China Limited - CSI500 Index Open-ended Fund | 5,554,000.00 | RMB common share | 5,554,000.00 |
Description of the above-mentioned shareholderassociation or concerted action
| Description of the above-mentioned shareholder association or concerted action | The actual controller of the Company's controlling shareholder Hangzhou ROBAM Industrial Group Co., Ltd. and the shareholder Hangzhou Jinchuang Investment 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 10shareholders (if any)
| Securities margin trading business attended by top 10 shareholders (if any) | N/A |
Lending of shares by shareholders holding more than 5% shares, top 10 shareholders or top 10 public shareholders with unlimitedsales 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 therefinancing business as compared to the previous period
□ Applicable ? Not applicable
(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 applicable
IV. Quarterly Financial Statements(I) Financial statements
1. Consolidated Balance Sheet
Unit: Hangzhou ROBAM Appliances Co., Ltd.
March 31, 2024
Unit: yuan
| Item | Ending balance | Beginning balance |
Current assets:
| Current assets: |
Monetary capital
| Monetary capital | 1,565,945,383.85 | 1,985,050,745.11 |
Deposit reservation for balance
| Deposit reservation for balance |
Lending funds
| Lending funds |
Trading financial assets
| Trading financial assets | 2,733,502,491.78 | 2,730,000,000.00 |
Derivative financial assets
| Derivative financial assets |
Notes receivable
| Notes receivable | 403,458,627.97 | 696,284,931.64 |
Accounts receivable
| Accounts receivable | 1,649,351,522.74 | 1,810,015,596.33 |
Receivables financing
| Receivables financing |
Advances to suppliers
| Advances to suppliers | 141,323,188.65 | 139,713,471.58 |
Premiums receivables
| Premiums receivables |
Reinsurance accounts receivable
| Reinsurance accounts receivable |
Provision of cession receivable
| Provision of cession receivable |
Other receivables
| Other receivables | 66,015,446.29 | 53,368,667.34 |
2024 First Quarter Report
| Item | Ending balance | Beginning balance |
Including: Interest receivable
| Including: Interest receivable |
Dividends receivable
| Dividends receivable |
Redemptory monetary capital for sale
| Redemptory monetary capital for sale |
Inventory
| Inventory | 1,338,240,649.23 | 1,524,274,720.24 |
Including: data resource
| Including: data resource |
Contract assets
| Contract assets |
Assets held for sales
| Assets held for sales |
Non-current assets due within a year
| Non-current assets due within a year |
Other current assets
| Other current assets | 3,437,410,792.24 | 2,647,808,620.70 |
Total current assets
| Total current assets | 11,335,248,102.75 | 11,586,516,752.94 |
Non-current assets:
| Non-current assets: |
Loans and advances
| Loans and advances |
Debt investment
| Debt investment |
Other debt investments
| Other debt investments |
Long-term receivables
| Long-term receivables |
Long-term equity investment
| Long-term equity investment | 6,640,336.14 | 8,427,450.24 |
Other equity instrument investments
| Other equity instrument investments | 2,116,023.22 | 2,116,023.22 |
Other non-current financial assets
| Other non-current financial assets | 480,000,000.00 | 480,000,000.00 |
Investment properties
| Investment properties | 86,019,783.28 | 91,136,832.31 |
Fixed assets
| Fixed assets | 1,696,825,798.95 | 1,720,724,257.46 |
Construction in progress
| Construction in progress | 373,109,818.67 | 359,768,699.68 |
Productive biological assets
| Productive biological assets |
Oil and gas assets
| Oil and gas assets |
Right-of-use assets
| Right-of-use assets | 12,503,694.30 | 13,802,458.98 |
Intangible assets
| Intangible assets | 211,036,248.42 | 214,553,739.31 |
Including: data resource
| Including: data resource |
Development expenditure
| Development expenditure |
Including: data resource
| Including: data resource |
Goodwill
| Goodwill | 12,223,271.67 | 12,223,271.67 |
Long-term unamortized expenses
| Long-term unamortized expenses | 3,827,432.08 | 5,034,659.37 |
Deferred income tax assets
| Deferred income tax assets | 389,606,216.81 | 362,897,841.89 |
Other non-current assets
| Other non-current assets | 1,080,354,679.85 | 1,922,329,328.65 |
Total non-current assets
| Total non-current assets | 4,354,263,303.39 | 5,193,014,562.78 |
Total assets
| Total assets | 15,689,511,406.14 | 16,779,531,315.72 |
Current liabilities:
| Current liabilities: |
Short-term borrowing
| Short-term borrowing | 88,503,320.70 | 95,003,320.70 |
Borrowings from central bank
| Borrowings from central bank |
Borrowing funds
| Borrowing funds |
Trading financial liabilities
| Trading financial liabilities |
Derivative financial liabilities
| Derivative financial liabilities |
Notes payable
| Notes payable | 1,124,249,392.19 | 1,098,720,000.58 |
Accounts payable
| Accounts payable | 1,997,766,497.46 | 2,548,743,762.06 |
Advance from customers
| Advance from customers |
Contract liabilities
| Contract liabilities | 669,667,045.24 | 1,019,942,923.58 |
Financial assets sold for repurchase
| Financial assets sold for repurchase |
Deposits from customers and interbank
| Deposits from customers and interbank |
Acting trading securities
| Acting trading securities |
Acting underwriting securities
| Acting underwriting securities |
Payroll payable
| Payroll payable | 32,260,104.63 | 177,923,042.01 |
Tax payable
| Tax payable | 171,016,573.20 | 154,365,676.80 |
2024 First Quarter Report
| Item | Ending balance | Beginning balance |
Other payables
| Other payables | 316,702,264.04 | 755,964,919.76 |
Including: Interest payable
| Including: Interest payable |
Dividends payable
| Dividends payable | 472,047,458.00 |
Fees and commissions payable
| Fees and commissions payable |
Dividend payable for reinsurance
| Dividend payable for reinsurance |
Liabilities held for sales
| Liabilities held for sales |
Non-current liabilities due within a year
| Non-current liabilities due within a year | 2,994,011.92 | 4,522,658.42 |
Other current liabilities
| Other current liabilities | 86,683,093.71 | 118,041,351.23 |
Total current liabilities
| Total current liabilities | 4,489,842,303.09 | 5,973,227,655.14 |
Non-current liabilities:
| Non-current liabilities: |
Reserve fund for insurance contracts
| Reserve fund for insurance contracts |
Long-term borrowing
| Long-term borrowing |
Bonds payable
| Bonds payable |
Including: preferred stock
| Including: preferred stock |
Perpetual bond
| Perpetual bond |
Lease liabilities
| Lease liabilities | 10,736,164.72 | 10,750,792.90 |
Long-term payable
| Long-term payable |
Long-term payroll payable
| Long-term payroll payable |
Estimated liabilities
| Estimated liabilities |
Deferred income
| Deferred income | 131,014,766.19 | 136,538,254.74 |
Deferred income tax liabilities
| Deferred income tax liabilities | 28,529,802.34 | 28,418,565.01 |
Other non-current liabilities
| Other non-current liabilities |
Total non-current liabilities
| Total non-current liabilities | 170,280,733.25 | 175,707,612.65 |
Total liabilities
| Total liabilities | 4,660,123,036.34 | 6,148,935,267.79 |
Owner's equity:
| Owner's equity: |
Share capital
| Share capital | 949,024,050.00 | 949,024,050.00 |
Other equity instruments
| Other equity instruments |
Including: preferred stock
| Including: preferred stock |
Perpetual bond
| Perpetual bond |
Capital reserve
| Capital reserve | 415,670,291.73 | 411,778,214.22 |
Minus: treasury stock
| Minus: treasury stock | 199,995,742.59 | 199,995,742.59 |
Other comprehensive income
| Other comprehensive income | -100,199,693.12 | -100,157,634.16 |
Special reserve
| Special reserve |
Surplus reserves
| Surplus reserves | 474,516,412.50 | 474,516,412.50 |
General risk preparation
| General risk preparation |
Undistributed profit
| Undistributed profit | 9,386,189,140.02 | 8,987,773,431.71 |
Total owners' equities attributable to theowners of parent company
| Total owners' equities attributable to the owners of parent company | 10,925,204,458.54 | 10,522,938,731.68 |
Minority equity
| Minority equity | 104,183,911.26 | 107,657,316.25 |
Total owners' equities
| Total owners' equities | 11,029,388,369.80 | 10,630,596,047.93 |
Total liabilities and owners' equities
| Total liabilities and owners' equities | 15,689,511,406.14 | 16,779,531,315.72 |
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
| I. Total operating income | 2,237,194,615.74 | 2,177,271,694.59 |
Including: Operating income
| Including: Operating income | 2,237,194,615.74 | 2,177,271,694.59 |
Interest revenue
| Interest revenue |
Premium earned
| Premium earned |
2024 First Quarter Report
| Item | Amount incurred in current period | Amount incurred in previous period |
Fee and commission income
| Fee and commission income |
II. Total operating costs
| II. Total operating costs | 1,829,923,364.67 | 1,792,745,740.21 |
Including: Operating costs
| Including: Operating costs | 1,104,112,964.04 | 984,337,364.16 |
Interest expenditure
| Interest expenditure |
Fee and commission expense
| Fee and commission expense |
Surrender value
| Surrender value |
Net payments for insuranceclaims
| Net payments for insurance claims |
Net reserve fund extracted forinsurance liability
| Net reserve fund extracted for insurance liability |
Bond insurance expense
| Bond insurance expense |
Reinsurance costs
| Reinsurance costs |
Taxes and surcharges
| Taxes and surcharges | 14,169,604.86 | 10,857,671.80 |
Selling expenses
| Selling expenses | 597,805,803.84 | 672,397,550.12 |
Management costs
| Management costs | 95,931,909.79 | 90,902,716.15 |
Research and developmentexpenses
| Research and development expenses | 69,436,172.91 | 68,509,891.30 |
Financial expenses
| Financial expenses | -51,533,090.77 | -34,259,453.32 |
Including: interest expenditure
| Including: interest expenditure | 457,165.23 | 897,315.09 |
Interest revenue
| Interest revenue | 52,268,972.59 | 34,936,516.43 |
Plus: other incomes
| Plus: other incomes | 43,332,808.87 | 46,812,180.81 |
Income from investment (loss expressedwith "-")
| Income from investment (loss expressed with "-") | -1,775,329.39 | 9,323,093.36 |
Including: Income from investment ofjoint venture and cooperative enterprise
| Including: Income from investment of joint venture and cooperative enterprise | -1,787,114.10 | -2,490,700.04 |
Income from derecognition of financialassets measured at amortized cost
| Income from derecognition of financial assets measured at amortized cost |
Exchange gain (loss expressed with "-")
| Exchange gain (loss expressed with "-") |
Net exposure hedging gain (lossexpressed with "-")
| Net exposure hedging gain (loss expressed with "-") |
Income from fair value changes (lossexpressed with "-")
| Income from fair value changes (loss expressed with "-") |
Credit impairment losses (loss expressedwith "-")
| Credit impairment losses (loss expressed with "-") | 17,902,453.99 | 18,167,476.13 |
Assets impairment losses (loss expressedwith "-")
| Assets impairment losses (loss expressed with "-") | -700,571.35 |
Income from disposal of assets (lossexpressed with "-")
| Income from disposal of assets (loss expressed with "-") | -203,869.89 | -176,472.71 |
III. Operating profits (loss expressed with"-")
| III. Operating profits (loss expressed with "-") | 465,826,743.30 | 458,652,231.97 |
Plus: Non-operating income
| Plus: Non-operating income | 1,339,617.02 | 1,279,572.02 |
Minus: non-operating expenditure
| Minus: non-operating expenditure | 1,715,212.41 | 1,181,078.69 |
IV. Total profits (total loss expressed with"-")
| IV. Total profits (total loss expressed with "-") | 465,451,147.91 | 458,750,725.30 |
Minus: Income tax expenses
| Minus: Income tax expenses | 70,508,844.59 | 71,795,909.91 |
V. Net profits (net loss expressed with "-")
| V. Net profits (net loss expressed with "-") | 394,942,303.32 | 386,954,815.39 |
(I) Classified by business continuity
| (I) Classified by business continuity |
1. Net profits from going concern (net
loss expressed with "-")
| 1. Net profits from going concern (net loss expressed with "-") | 394,942,303.32 | 386,954,815.39 |
2. Net profits from discontinuing
operation (net loss expressed with "-")
| 2. Net profits from discontinuing operation (net loss expressed with "-") |
(II) Classified by ownership
| (II) Classified by ownership |
1. Net owners' profits attributable to the
owners of parent company
| 1. Net owners' profits attributable to the owners of parent company | 398,415,708.31 | 388,734,141.35 |
2024 First Quarter Report
| Item | Amount incurred in current period | Amount incurred in previous period |
2. * Minority interest income
| 2. * Minority interest income | -3,473,404.99 | -1,779,325.96 |
VI. VI. Net amount of othercomprehensive income after tax
| VI. VI. Net amount of other comprehensive income after tax | -42,058.96 |
Net amount of other comprehensiveincome after tax attributed to parentcompany owners
| Net amount of other comprehensive income after tax attributed to parent company owners | -42,058.96 |
(I) Other comprehensive income that can'tbe reclassified into profit and loss
| (I) Other comprehensive income that can't be reclassified into profit and loss |
1. Remeasure the variation of net
indebtedness or net asset of definedbenefit plan
| 1. Remeasure the variation of net indebtedness or net asset of defined benefit plan |
2. Other comprehensive income that can't
be reclassified into profit and loss inthe invested enterprise under equitymethod
| 2. Other comprehensive income that can't be reclassified into profit and loss in the invested enterprise under equity method |
3. Fair value change of other equity
instrument investments
| 3. Fair value change of other equity instrument investments |
4. Fair value change of enterprise credit
risks
| 4. Fair value change of enterprise credit risks |
5. Other
| 5. Other |
(II) Other comprehensive income that willbe reclassified into profit and loss
| (II) Other comprehensive income that will be reclassified into profit and loss | -42,058.96 |
1. Other comprehensive income that will
be reclassified into profit and loss inthe invested enterprise under equitymethod
| 1. Other comprehensive income that will be reclassified into profit and loss in the invested enterprise under equity method |
2. Fair value change of other debt
investments
| 2. Fair value change of other debt investments |
3. Amount of financial assets reclassified
into other comprehensive income
| 3. Amount of financial assets reclassified into other comprehensive income |
4. Provision for credit impairment of
other debt investments
| 4. Provision for credit impairment of other debt investments |
5. Cash flow hedging reserve
| 5. Cash flow hedging reserve |
6. Balance arising from the translation of
foreign currency financial statements
| 6. Balance arising from the translation of foreign currency financial statements | -42,058.96 |
7. Other
| 7. Other |
Net amount of other comprehensiveincome after tax attributed to minorityshareholders
| Net amount of other comprehensive income after tax attributed to minority shareholders |
VII. Total comprehensive income
| VII. Total comprehensive income | 394,900,244.36 | 386,954,815.39 |
Total comprehensive income attributedto parent company owners
| Total comprehensive income attributed to parent company owners | 398,373,649.35 | 388,734,141.35 |
Total comprehensive income belongingto minority shareholders
| Total comprehensive income belonging to minority shareholders | -3,473,404.99 | -1,779,325.96 |
VIII. Earnings per share:
| VIII. Earnings per share: |
(I) Basic EPS
| (I) Basic EPS | 0.42 | 0.41 |
(II) Diluted EPS
| (II) Diluted EPS | 0.42 | 0.41 |
In case of business combination involving enterprises under common control in current period, the net profits achieved by themerged 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 | Amount incurred in current period | Amount incurred in previous period |
I. Cash flow from operating activities:
| I. Cash flow from operating activities: |
2024 First Quarter Report
| Item | Amount incurred in current period | Amount incurred in previous period |
Cash from selling commodities oroffering labor
| Cash from selling commodities or offering labor | 2,537,149,798.98 | 2,493,570,127.22 |
Net increase of customer deposit anddeposit from other banks
| Net increase of customer deposit and deposit from other banks |
Net increase of borrowings from centralbank
| Net increase of borrowings from central bank |
Net increase of borrowing funds fromother financial institutions
| Net increase of borrowing funds from other financial institutions |
Cash from obtaining original insurancecontract premium
| Cash from obtaining original insurance contract premium |
Cash received from insurance premiumof original insurance contract
| Cash received from insurance premium of original insurance contract |
Net increase of deposit and investment ofinsured
| Net increase of deposit and investment of insured |
Cash from interest, handling charges andcommissions
| Cash from interest, handling charges and commissions |
Net increase of borrowing funds
| Net increase of borrowing funds |
Net increase of repurchase of businessfunds
| Net increase of repurchase of business funds |
Net cash from acting trading securities
| Net cash from acting trading securities |
Refund of tax and levies
| Refund of tax and levies | 18,976.37 | 4,092,034.40 |
Other cash received related to operatingactivities
| Other cash received related to operating activities | 84,400,250.90 | 101,227,450.57 |
Subtotal cash inflows from operatingactivities
| Subtotal cash inflows from operating activities | 2,621,569,026.25 | 2,598,889,612.19 |
Cash paid for selling commodities oroffering labor
| Cash paid for selling commodities or offering labor | 1,436,688,454.79 | 1,325,932,721.72 |
Net increase of customer loans andadvances
| Net increase of customer loans and advances |
Net increase of amount due from centralbank and interbank
| Net increase of amount due from central bank and interbank |
Cash paid for original insurance contractclaims payment
| Cash paid for original insurance contract claims payment |
Net increase of lending funds
| Net increase of lending funds |
Cash paid for interest, handling chargesand commissions
| Cash paid for interest, handling charges and commissions |
Cash paid for policy dividend
| Cash paid for policy dividend |
Cash paid to and for employees
| Cash paid to and for employees | 342,453,569.98 | 300,052,111.20 |
Taxes and fees paid
| Taxes and fees paid | 182,420,970.84 | 179,634,965.49 |
Other cash paid related to operatingactivities
| Other cash paid related to operating activities | 605,118,421.02 | 611,507,358.84 |
Subtotal cash outflows from operatingactivities
| Subtotal cash outflows from operating activities | 2,566,681,416.63 | 2,417,127,157.25 |
Net cash flow from operating activities
| Net cash flow from operating activities | 54,887,609.62 | 181,762,454.94 |
II. Cash flow from investment activities:
| II. Cash flow from investment activities: |
Cash from investment withdrawal
| Cash from investment withdrawal | 2,687,508.22 | 602,048,171.00 |
Cash from investment income
| Cash from investment income | 12,491.78 | 11,850,513.00 |
Net cash from disposal of fixed assets,intangible assets and other long-termassets
| Net cash from disposal of fixed assets, intangible assets and other long-term assets | 38,460.00 |
Net cash received from the disposal ofsubsidiaries and other business entities
| Net cash received from the disposal of subsidiaries and other business entities |
Other cash received related to investmentactivities
| Other cash received related to investment activities | 1,231,533,434.44 |
Subtotal cash inflows from investmentactivities
| Subtotal cash inflows from investment activities | 1,234,233,434.44 | 613,937,144.00 |
2024 First Quarter Report
| Item | Amount incurred in current period | Amount incurred in previous period |
Cash paid for the purchase andconstruction of fixed assets, intangibleassets and other long term assets
| Cash paid for the purchase and construction of fixed assets, intangible assets and other long term assets | 94,003,080.71 | 74,076,410.38 |
Cash paid for investment
| Cash paid for investment | 6,190,000.00 | 300,000,000.00 |
Net cash received from reinsurancebusiness
| Net cash received from reinsurance business |
Net cash paid for obtaining subsidiariesand other business units
| Net cash paid for obtaining subsidiaries and other business units |
Other cash paid related to investmentactivities
| Other cash paid related to investment activities | 1,130,000,000.00 |
Subtotal cash outflows from investmentactivities
| Subtotal cash outflows from investment activities | 1,230,193,080.71 | 374,076,410.38 |
Net cash flow from investment activities
| Net cash flow from investment activities | 4,040,353.73 | 239,860,733.62 |
III. Cash flow from financing activities:
| III. Cash flow from financing activities: |
Receipts from equity securities
| Receipts from equity securities |
Including: Cash received from subsidies'absorption of minority shareholders'investment
| Including: Cash received from subsidies' absorption of minority shareholders' investment |
Cash received from borrowings
| Cash received from borrowings | 23,000,000.00 | 15,000,000.00 |
Other cash received related to financingactivities
| Other cash received related to financing activities | 500,000.00 | 6,482,178.88 |
Subtotal cash inflows from financingactivities
| Subtotal cash inflows from financing activities | 23,500,000.00 | 21,482,178.88 |
Cash repayments of amounts borrowed
| Cash repayments of amounts borrowed | 30,000,000.00 |
Cash paid for distribution of dividends orprofits and for interest expenses
| Cash paid for distribution of dividends or profits and for interest expenses | 472,705,138.80 |
Including: Dividends and profits paid bysubsidiaries to minority shareholders
| Including: Dividends and profits paid by subsidiaries to minority shareholders |
Other cash paid related to financingactivities
| Other cash paid related to financing activities | 1,775,259.08 | 704,158.14 |
Subtotal cash outflows from financingactivities
| Subtotal cash outflows from financing activities | 504,480,397.88 | 704,158.14 |
Net cash flow from financing activities
| Net cash flow from financing activities | -480,980,397.88 | 20,778,020.74 |
IV. Impact of exchange rate movements oncash and cash equivalents
| IV. Impact of exchange rate movements on cash and cash equivalents | -43,763.64 | -792,708.11 |
V. Net increase of cash and cashequivalents
| V. Net increase of cash and cash equivalents | -422,096,198.17 | 441,608,501.19 |
Plus: Balance of cash and cashequivalents at the beginning of the period
| Plus: Balance of cash and cash equivalents at the beginning of the period | 1,878,166,358.09 | 5,196,414,341.74 |
VI. Balance of cash and cash equivalents atthe beginning of the period
| VI. Balance of cash and cash equivalents at the beginning of the period | 1,456,070,159.92 | 5,638,022,842.93 |
(II) Adjustment of relevant items in financial statements at the beginning of firstimplementation year as a result of first implementation of new accounting standards from2024
□ Applicable ? Not applicable
(III) Audit report
Whether the first quarter report is audited
□ Yes ?No
The Company's first quarter report is unaudited.
Board of Directors of Hangzhou ROBAM Appliances Co., Ltd.
April 25, 2024