Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.Stock code: 002508 Stock name: Robam Appliances Announcement No.: 2024-065
Hangzhou Robam Appliances Co. Ltd.Q3 2024 Report
Hangzhou Robam Appliances Co. Ltd. (the Company) and all members of its Board of Directors hereby guarantee that there
are no false representations misleading statements or material omissions in this Quarterly Report (“the Report”) and the
information contained herein is authentic accurate and complete.Important Notes
1. The Board of Directors the Board of Supervisors as well as the directors supervisors and senior management of the Company
hereby guarantee that there are no false representations misleading statements or material omissions in the Report and are
severally and jointly liable for the authenticity accuracy and completeness of the information contained herein.
2. The head of the Company the person in charge of the Company’s accounting and the head of the accounting department (the
accountant in charge) hereby declare and warrant that the financial report contained in the Report is authentic accurate and
complete.
3. Whether the Q3 report has been audited？
□ Yes □No
1Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.
I. Key Financial Data
(I) Key Accounting Data and Financial Indicators
Whether the Company needs to retroactively adjust or restate the accounting data of previous years
□ Yes □No
From the beginning of
The reporting period YoY change the year to the end of YoY change
the reporting period
Operating Income
2666415701.28-11.07%7395769773.08-6.78%
(RMB)
Net profit attributable
to shareholders of the 442820994.37 -18.49% 1202179949.11 -12.44%
listed company (RMB)
Net profit attributable
to shareholders of the
listed company after
416751314.41-22.34%1074509592.29-16.27%
deducting non-
recurring gains/losses
(RMB)
Net cash flow from
operating activities — — 525768857.38 -62.30%
(RMB)
Basic earnings per
share (EPS) 0.47 -18.07% 1.27 -12.41%
(RMB/share)
Diluted EPS
0.47-18.07%1.27-12.41%
(RMB/share)
Weighted average
4.01% A decrease of 1.23% 11.01% A decrease of 2.44%
return on net assets
End of the reporting
End of last year Change
period
Total assets (RMB) 15811645443.39 16779531315.72 -5.77%
Owner's equity
attributable to
10800542004.4810522938731.682.64%
shareholders of the
listed company (RMB)
(II) Items and Amounts of Non-recurring Gains and Losses
□Applicable □Not applicable
In RMB
Amount from the beginning
Amount for the current
Item of the year to the end of the Description
reporting period
reporting period
Gains and losses on disposal
of non-current assets
(including the written-off -1563822.48 -2326587.21
part of the provision for asset
impairment accrued)
Government subsidies
10037822.6257436043.17
included in current gains and
2Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.
losses (excluding government
subsidies closely related to
the Company's normal
business in line with national
policy enjoyed according to
established standards and
having a sustained impact on
the Company's gains and
losses).Reversal of impairment
provision for accounts
27334228.58104094655.48
receivable tested for
impairment separately
Other gain/loss items
conforming to the definition -4707590.18 -6912672.47
of non-recurring gains/losses
Less: Affected amount of
4632991.0223049171.27
income tax
Affected amount of
minority shareholders’ equity 397967.56 1571910.88
(after tax)
Total 26069679.96 127670356.82 --
Other items of gains and losses meeting the definition of non-recurring gains and losses:
□Applicable □Not applicable
The Company does not have other items of gains and losses meeting the definition of non-recurring gains and losses
Explanation on the circumstance where items of the non-recurring gains and losses listed in the Explanatory Announcement No. 1
on Information Disclosure for Companies Offering Their Securities to the Public — Non-recurring Profits and Losses (referred to
as “Announcement No.1”) are defined as recurring profits and losses
□Applicable □Not applicable
Item Amount (in RMB) Reasons
VAT exemption reduction or refund 46295809.64 National tax policy regular business
Refund of individual income tax
582923.47 National tax policy regular business
handling fee
(III) Changes in Major Accounting Data and Financial Indicators and Their Reasons
□Applicable □ Not applicable In RMB
Balance sheet items September 30 2024 January 01 2024 Percentage Reason for change
of change
Cash and cash Mainly due to the increase in bank
1187511979.381985050745.11-40.18%
equivalents finance.Mainly due to the conversion of some
Financial assets held
1505004112.33 2730000000.00 -44.87% short-term financial investments to
for trading
long-term financial investments.Mainly due to the increase in
Prepayments 188466191.58 139713471.58 34.89%
prepayments for materials.Mainly due to the decrease in trading
Other current assets 1581587487.51 2647808620.70 -40.27%
financial assets.Mainly due to operating losses of
Long-term equity
4449676.77 8427450.24 -47.20% associated and joint venture
investment
companies.Long-term prepaid Mainly due to the decrease in the
2726098.855034659.37-45.85%
expenses balance after periodic amortization.Other non-current 4063506755.93 1922329328.65 111.38% Mainly due to the conversion of some
3Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.
assets short-term financial investments to
long-term financial investments.Mainly due to the payment of
Payroll payable 41037458.88 177923042.01 -76.94% employee salaries and bonuses at the
end of the previous year.Mainly due to the completion of
Other payables 285970379.60 755964919.76 -62.17%
dividend payments.Non-current liabilities Mainly due to the increase in lease
10836551.024522658.42139.61%
due within one year liabilities maturing within one year.Mainly due to the decrease resulting
Lease liabilities 1167955.38 10750792.90 -89.14%
from the expiration of property leases.Mainly due to the repurchase and
Capital reserve 236346741.98 411778214.22 -42.60%
cancellation of treasury shares.From the beginning of
Income statement The same period last Percentage
the year to the end of Reason for change
items year of change
the reporting period
Mainly due to the decrease in loan
Interest expenses 2541064.67 4604050.66 -44.81%
interest payments.Mainly due to the increase in returns
Investment income 67413198.19 34689912.04 94.33%
from matured financial investments.Loss from credit Mainly due to the increase in the
-9908601.4342031011.45-123.57%
impairment provision for bad debts.Loss from assets Mainly due to the decrease in the
1930820.038547180.72-77.41%
impairment provision for inventory write-downs.Mainly due to the increase in losses
Gains on asset
-2325065.84 -1683400.02 38.12% from the sale of mortgaged properties
disposals
for projects.Mainly due to the decrease in other
Non-operating income 847605.05 3890738.08 -78.21%
income.Total comprehensive
Mainly due to increased losses of
income attributable to -16507785.91 -11061832.50 49.23%
subsidiaries.minority shareholders
From the beginning of
Cash flow statement The same period last Percentage
the year to the end of Reason for change
items year of change
the reporting period
Mainly due to the decrease in
Net cash flow from
525768857.38 1394577576.86 -62.30% payment collection and the increase in
operating activities
payments to suppliers.Net cash flow from Mainly due to the recovery of
97017348.45-624301350.06-115.54%
investment activities matured financial investments.Net cash flow from Mainly due to the increase in dividend
-1426212996.85-430024891.02231.66%
financing activities payments.II. Shareholder Information
(I) Total Number of Common Shareholders and Preferred Shareholders with the Voting Rights
Recovered and Shareholding of the Top 10 Shareholders
Unit: share
Total number of common Total number of preferred shareholders with the
shareholders at the end of the 55834 voting rights recovered at the end of reporting period 0
reporting period (if any)
Shareholdings of the top 10 shareholders (excluding shares lent through refinancing)
Number of Pledged marked or frozen shares
Name of Nature of Shareholding Number of shares subject
shareholder shareholder ratio shares to sales Status Quantity
restrictions
Hangzhou Domestic non-
Robam state-own ed 49.94% 471510000 0 Not Applicable 0
Industrial corporation
4Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.
Group Co. Ltd.Hong Kong
Securities
Overseas
Clearing 10.16% 95912736 0 Not Applicable 0
corporation
Company
Limited
Domestic
Shen Guoying 1.30% 12240000 0 Not Applicable 0
natural person
TEMASEK
FULLERTON Overseas
1.05% 9950061 0 Not Applicable 0
ALPHA PTE corporation
LTD
413 Portfolio of
National Social Others 0.93% 8816586 0 Not Applicable 0
Security Fund
Agricultural
Bank of China
Co. Ltd. - CSI Others 0.92% 8649700 0 Not Applicable 0
500 Exchange
Traded Fund
Schroder
Investment
Management
(Hong Kong)
Limited -
Others 0.87% 8202175 0 Not Applicable 0
Schroder
Global Equity
Fund China A-
Shares
(Exchange)
406 Portfolio of
National Social Others 0.83% 7829500 0 Not Applicable 0
Security Fund
Hangzhou
Domestic non-
Jinchuang
state-own ed 0.70% 6640085 0 Not Applicable 0
Investment Co.corporation
Ltd.Hangzhou
Domestic non-
Yinchuang
state-own ed 0.67% 6318000 0 Not Applicable 0
Investment Co.corporation
Ltd.Shareholdings of the top 10 shareholders not subject to sales restrictions (excluding shares lent through refinancing and executive
locked shares)
Type of share and number of
Name of shareholder Number of shares not subject to sales restrictions shares
Type of share Quantity
Hangzhou Robam Industrial RMB ordinary
471510000471510000
Group Co. Ltd. shares
Hong Kong Securities Clearing RMB ordinary
9591273695912736
Company Limited shares
RMB ordinary
Shen Guoying 12240000 12240000
shares
TEMASEK FULLERTON RMB ordinary
99500619950061
ALPHA PTE LTD shares
413 Portfolio of National Social RMB ordinary
88165868816586
Security Fund shares
Agricultural Bank of China Co. 8649700 RMB ordinary 8649700
5Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.
Ltd. - CSI 500 Exchange Traded shares
Fund
Schroder Investment Management
(Hong Kong) Limited - Schroder RMB ordinary
82021758202175
Global Equity Fund China A- shares
Shares (Exchange)
406 Portfolio of National Social RMB ordinary
78295007829500
Security Fund shares
Hangzhou Jinchuang Investment RMB ordinary
66400856640085
Co. Ltd. shares
Hangzhou Yinchuang Investment RMB ordinary
63180006318000
Co. Ltd. shares
Mr. Ren Jianhua is the actual controller of the controlling shareholder of
the Company - Hangzhou Robam Industrial Group Co. Ltd. and the
Description of the associated relationship or
shareholder of the Company - Hangzhou Jinchuang Investment Co. Ltd.;
consistent actions of the above shareholders
and the natural person shareholder Shen Guoying is his wife. Therefore
there is a possibility that these shareholders will act in concert.Description of the top 10 shareholders engaging in
None
securities margin trading (if any)
Shares lending through refinancing involving shareholders holding more than 5% of the shares the top 10 shareholders and the
top 10 shareholders of unrestricted circulating shares
□Applicable □Not applicable
Compared to the previous period the change is due to the top 10 shareholders and the top 10 unrestricted circulating shareholders
lending/returning shares for refinancing purposes.□Applicable □Not applicable
(II) Total Number of the Company’s Preferred Shareholders and Shareholding of the Top 10 Preferred
Shareholders
□Applicable □Not applicable
III. Other Significant Matters
□Applicable □Not applicable
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated balance sheet
Prepared by: Hangzhou Robam Appliances Co. Ltd.September 30 2024
In RMB
Item Ending balance Beginning balance
Current assets:
Cash and cash equivalents 1187511979.38 1985050745.11
Deposit reservation for balance
Lendings to banks and other financial
institutions
Financial assets held for trading 1505004112.33 2730000000.00
Derivative financial assets
6Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.
Notes receivable 660771403.83 696284931.64
Accounts receivable 1855011205.94 1810015596.33
Accounts receivable financing
Prepayments 188466191.58 139713471.58
Receivable premium
Reinsurance accounts receivable
Reinsurance contract reserves
receivable
Other receivables 68915679.88 53368667.34
Inc: Interests receivable
Dividends receivable
Redemptory monetary capital for sale
Inventory 1349677443.38 1524274720.24
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 1581587487.51 2647808620.70
Total current assets 8396945503.83 11586516752.94
Non-current assets:
Loans and advances
Creditors investment
Other debt investment
Long-term account receivable
Long-term equity investment 4449676.77 8427450.24
Investment in other equity instruments 2116023.22 2116023.22
Other non-current financial assets 580000000.00 480000000.00
Investment properties 85785303.72 91136832.31
Fixed assets 1638741222.27 1720724257.46
Construction in process 420935341.30 359768699.68
Biological assets for production
Oil & gas assets
Right of use assets 9827974.23 13802458.98
Intangible assets 211698545.64 214553739.31
Including: Data resources
Development expenditure
Including: Data resources
Goodwill 12223271.67 12223271.67
Long-term prepaid expenses 2726098.85 5034659.37
Deferred income tax assets: 382689725.96 362897841.89
Other non-current assets 4063506755.93 1922329328.65
Total non-current assets 7414699939.56 5193014562.78
Total assets 15811645443.39 16779531315.72
Current liabilities:
Short-term borrowings 91028415.27 95003320.70
Borrowings from the central bank
Borrowings from banks and other
financial institutions
Financial liabilities held for trading
Derivative financial liabilities
Notes payables 957292366.65 1098720000.58
Accounts payable 2276240394.54 2548743762.06
Advance receipts
Contract liabilities 807896234.74 1019942923.58
Financial assets sold for repurchase
Deposits from customers and
7Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.
interbank
Receivings from vicariously traded
securities
Receivings from vicariously traded
securities
Payroll payable 41037458.88 177923042.01
Taxes payable 200464714.09 154365676.80
Other payables 285970379.60 755964919.76
Inc: Interests payable
Dividends payable 472047458.00
Fees and commissions payable
Dividends payable for reinsurance
Liabilities held for sale
Non-current liabilities due within one
10836551.024522658.42
year
Other current liabilities 95122165.21 118041351.23
Total current liabilities 4765888680.00 5973227655.14
Non-current liabilities:
Reserves for insurance contracts
Long-term loans
Bonds payable
Inc: Preferred shares
Perpetual bonds
Lease liabilities 1167955.38 10750792.90
Long-term accounts payable
Long-term payroll payable
Estimated liabilities
Deferred income 120001869.66 136538254.74
Deferred income tax liabilities 32895403.53 28418565.01
Other non-current liabilities
Total non-current liabilities 154065228.57 175707612.65
Total liabilities 4919953908.57 6148935267.79
Owner’s equity:
Capital stock 944129516.00 949024050.00
Other equity instruments
Inc: Preferred shares
Perpetual bonds
Capital reserve 236346741.98 411778214.22
Less: treasury share 199995742.59
Other comprehensive income -100292930.82 -100157634.16
Special reserve
Surplus reserve 474516412.50 474516412.50
General risk reserves
Undistributed profits 9245842264.82 8987773431.71
Total owners’ equity attributable to the
10800542004.4810522938731.68
parent company
Minority interests 91149530.34 107657316.25
Total owners’ equity 10891691534.82 10630596047.93
Total liabilities and owner’s equity 15811645443.39 16779531315.72
Legal representative: Ren Jianhua Person in charge of accounting: Zhang Guofu Head of the accounting department: Zhang Guofu
2. Consolidated income statement from the beginning of the year to the end of the reporting period
In RMB
Item Amount of the current period Amount of the previous period
I. Total operating income 7395769773.08 7933319563.87
8Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.
Inc: Operating income 7395769773.08 7933319563.87
Interest income
Earned premium
Fee and commission income
II. Total operating costs 6146967386.74 6498916320.12
Inc: Operating costs 3665988049.74 3805533766.69
Interest expenses
Fee and commission expenses
Surrender value
Net payments for insurance
claims
Net allotment of reserves for
insurance liabilities
Policy dividend expenditures
Reinsurance expenses
Taxes and surcharges 56000589.33 53213630.60
Sales expenses 1942660453.45 2139755936.49
Administrative expenses 341872251.66 326660700.72
R&D expenses 276355597.58 279326363.45
Financial expenses -135909555.02 -105574077.83
Including: Interest expenses 2541064.67 4604050.66
Interest income 140964132.11 108569307.33
Add: other income 104314776.28 99374995.14
Investment income (“-” for
67413198.1934689912.04
losses)
Including: Income from
investment in joint ventures and -3680047.24 -1730643.18
affiliated enterprises
Gains on
derecognition of financial assets
measured at amortized cost
Exchange gains (“-” for losses)
Net exposure hedging gains (“-”
for losses)
Gains from changes in fair value
(“-” for losses)
Losses from credit impairment
-9908601.4342031011.45
(“-” for losses)Losses from asset impairment (“-
1930820.038547180.72
” for losses)
Gains on disposal of assets (“-”
-2325065.84-1683400.02
for losses)
III. Operating profits (“-” for losses) 1410227513.57 1617362943.08
Add: non-operating income 847605.05 3890738.08
Less: non-operating expenditure 7761798.89 6487049.60
IV. Total profits (“-” for total losses) 1403313319.73 1614766631.56
Less: income tax expenses 217608806.01 252847427.81
V. Net profits (“-” for losses) 1185704513.72 1361919203.75
(I) By operational sustainability
1. Net profits from continuing 1185704513.72 1361919203.75
9Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.
operations (“-” for net losses)
2. Net profits from discontinued
operations (“-” for net losses)
(II) By ownership
1. Net profit attributable to
shareholders of the parent company (“-” 1202179949.11 1372981036.25
for net losses)
2. Minority shareholders’ gains and
-16475435.39-11061832.50
losses (“-” for net losses)
VI. After-tax net amount of other
-167647.18
comprehensive income
After-tax net amount of other
comprehensive income attributable to the -135296.66
owners of parent company
(I) Other comprehensive income
that cannot be reclassified into gains and
losses
1. Changes in re-measured and
defined benefit plans
2. Other comprehensive income
which cannot be transferred into gains or
losses under the equity method
3. Changes in fair value of the
investment in other equity instruments
4. Changes in fair value of the
credit risk of the Company
5. Others
(II) Other comprehensive income
which will be reclassified into gains and -135296.66
losses
1. Other comprehensive income
which can be transferred into gains and
losses under the equity method
2. Changes in fair value of other
debt investments
3. Amount of financial assets
reclassified into other comprehensive
income
4. Provision for credit impairment
of other debt investments
5. Cashflow hedge reserve
6. Converted difference in foreign
-135296.66
currency statements
7. Others
After-tax net amount of other
comprehensive income attributable to -32350.52
minority shareholders
VII. Total comprehensive income 1185536866.54 1361919203.75
(I) Total comprehensive income
attributable to the owners of the parent 1202044652.45 1372981036.25
company
(II) Total comprehensive income
-16507785.91-11061832.50
attributable to minority shareholders
VIII. Earnings per share (EPS):
(I) Basic EPS 1.27 1.45
(II) Diluted EPS 1.27 1.45
In the case of merger of enterprises under the same control in the current period the net profit realized by the merged party before
10Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.
the merger is: RMB 0.00 and the net profit realized by the merged party in the previous period is: RMB 0.00.Legal representative: Ren Jianhua Person in charge of accounting: Zhang Guofu Head of the accounting department: Zhang Guofu
3. Consolidated cash flow statement from the beginning of the year to the end of the reporting period
In RMB
Item Amount of the current period Amount of the previous period
I. Cash flow from operating activities:
Cash received for the sale of goods
7903750434.128497222426.53
and rendering of services
Net increase in clients’ deposits and
deposits from banks and other financial
institutions
Net increase in borrowings from the
central bank
Net increase in borrowings from other
financial institutions
Cash received from receiving
insurance premium of the original
insurance contract
Net cash from receiving reinsurance
premium
Net increase in deposits and
investment of insured persons
Cash received from interests fees and
commissions
Net increase in borrowed funds
Net increase in repurchase business
funds
Net cash received from vicariously
traded securities
Refunds of taxes 27319712.52 30246149.17
Cash received relating to other
159415830.04220282103.32
operating activities
Subtotal of cash inflow from operating
8090485976.688747750679.02
activities
Cash paid for purchased products and
4048517085.763904549806.71
received services
Net increase in loans and advances to
customers
Net increase in deposits with the
central bank and other financial
institutions
Cash paid for claims of original
insurance contract
Net increase in lending funds
Cash paid for interests fees and
commissions
Cash paid for policy dividends
Cash paid to and on behalf of
837585263.59781249979.73
employees
Cash paid for taxes 632054145.34 702313359.46
11Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.
Cash paid related to other operating
2046560624.611965059956.26
activities
Subtotal of cash outflow from operating
7564717119.307353173102.16
activities
Net cash flow from operating activities 525768857.38 1394577576.86
II. Cash flow from investment activities:
Cash received from return of
1541285887.671311844508.00
investments
Cash received from return on
71392261.7136813951.62
investments
Net cash received from disposal of
fixed assets intangible assets and other 499866.54 385481.33
long-term assets
Net cash received from disposal of
subsidiaries and other business entities
Cashes received related to other
3217561206.77
investment activities
Subtotal of cash inflow from investment
4830739222.691349043940.95
activities
Cash paid for purchase and
construction of fixed assets intangible 183507049.24 261045291.01
assets and other long-term assets
Cash paid to investments 416290525.00 1712300000.00
Net increase in pledged loans
Net cash from subsidiaries and other
operating entities
Cash paid related to other investment
4133924300.00
activities
Subtotal of cash outflow from investment
4733721874.241973345291.01
activities
Net cash flow from investment activities 97017348.45 -624301350.06
III. Cash flow from financing activities:
Cash from acquiring investments 680724.00
Including: Cash received by
subsidiaries from investments of
minority shareholders
Cash from acquiring debts 83812523.35 77000000.00
Other cashes received in relation to
500000.0013510296.65
financing activities
Subtotal of cash inflow from financing
84993247.3590510296.65
activities
Cash paid for repayments of debts 81000000.00 43500000.00
Cash paid for distribution of
1418297004.58472051329.00
dividends profits or interest expenses
Including: Dividends or profits paid
by subsidiaries to minority shareholders
Other cashes paid in relation to
11909239.624983858.67
financing activities
Subtotal of cash outflow from financing
1511206244.20520535187.67
activities
Net cash flow from financing activities -1426212996.85 -430024891.02
IV. Effect of change in exchange rate on
-370588.372026181.05
cash and cash equivalents
V. Net increase in cash and cash
-803797379.39342277516.83
equivalents
Plus: Opening balance of cash and 1878166358.09 5196414341.74
12Q3 Report 2024 of Hangzhou Robam Appliances Co. Ltd.
cash equivalents
VI. Closing balance of cash and cash
1074368978.705538691858.57
equivalents
(II) Relevant financial statement items at the beginning of 2024 when the adjustments
stipulated in the new accounting standards apply for the first time
□Applicable □Not applicable
(III) Audit report
Whether the Q3 report has been audited？
□ Yes □No
The Q3 report of the Company has not been audited.Board of Directors of Hangzhou Robam Appliances Co. Ltd.October 28 2024
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