2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Hangzhou Robam Appliances Co., Ltd.
2019 Third Quarter Report
October 2019
2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Section 1: Important Notes
The board of directors, the board of supervisors and the directors, supervisors and
senior management of the Company shall guarantee that the contents of the
quarterly report are authentic, accurate and complete, free from false records,
misleading statements Or major omissions, and shall bear individual and joint legal
liabilities.
All directors of the Company personally attended the board meeting to review this
quarterly report.
Ren Jianhua, the head of the Company, Zhang Guofu, the head of accounting work,
and Zhang Guofu, the head of accounting body (accountant in charge), guarantee
the authenticity, accuracy and completeness of the Financial statements in the
quarterly report.
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Section 2: Basic status of company
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
Increase/decrease at
End of the reporting the end of this reporting
End of previous year
period period compared to the
end of the previous year
Total assets (yuan) 10,073,735,527.84 9,455,361,508.83 6.54%
Net assets attributable to
shareholders of listed companies 6,375,359,070.29 6,045,384,387.57 5.46%
(yuan)
Increase/decreas
From the e at the end of
Increase/decreas
beginning of the the reporting
e this year
Reporting period year to the end of period from the
compared to the
the reporting beginning of the
previous year
period year compared to
the previous year
Operating income (yuan) 2,097,606,924.30 10.56% 5,625,020,807.26 4.29%
Net profits attributable to
shareholders of listed companies 415,223,408.27 18.20% 1,085,627,402.47 7.31%
(yuan)
Net profits attributable to
shareholders of the listed company
410,778,645.33 22.23% 1,033,318,224.34 11.36%
after deduction of non-recurring
profits and losses (yuan)
Net cash flow from operating
376,523,778.18 381.97% 1,035,214,862.76 -13.78%
activities (yuan)
Basic EPS (yuan/share) 0.44 18.92% 1.14 6.54%
Diluted EPS (yuan/share) 0.44 18.92% 1.14 6.54%
Weighted average return on net
6.86% 0.36% 17.37% -1.19%
assets
Non-recurring Profit and Loss Items and Amount
√Applicable □ Not applicable
Unit: CNY
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Amount from the beginning
Item of the year to the end of the Description
reporting period
Profits and losses on the disposal of non-current assets
(including the write-off part of the provision for asset -1,171,725.00
impairment)
Government subsidies included into the current profits and
losses, except those government subsidies, which are closely
related to the business of a company and enjoyed in 61,921,866.87
accordance with a certain standard quota or quantity of the
state
Profits and losses from investment or management assets
4,971,538.56
entrusted to others
Income and expenditure other than those mentioned above -915,346.81
Less: Amount affected by income tax 10,663,221.28
Amount of minority shareholders' equity affected (after ta x) 1,833,934.21
Total 52,309,178.13 --
Explain the non-recurrent profit and loss items defined by the Company according to the Interpretative Announcement No.
1 on Information Disclosure of Pub lic Securities Issuing Companies - Non-recurrent Profits and Losses and defined from
the non-recurrent profit and loss items enumerated in the Interpretative Announcement No. 1 on Information Disclosure of
Pub lic Securities Issuing Companies - Non-recurrent Profits and Losses
□ Applicable √ Not applicable
No definition of non-recurrent profit and loss items defined and enumerated in the Interpretative Announcement No. 1 on
Information Disclosure of Pub lic Securities Issuing Companies - Non-recurrent Profits and Losses as non-recurrent profit
and loss items during the reporting period.
II. Total number of shareholders at the end of the reporting period and shareholding
of top 10 shareholders
1. Number of common shareholders and preferred shareholders with voting rights
restored, and shareholdings of the top 10 shareholders
Unit: share
Total number of preferred
Total number of common
shareholders with voting
shareholders at the end of 60,911 0
rights restored at the end of
the reporting period
the reporting period (if any)
Shareholdings of the top 10 shareholders
Number Pledge or freeze
Shareholder Shareholdi Number of
Shareholder's name of
nature ng ratio shares held Status of Quantity
shares
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
held shares
with
limited
sales
conditio
ns
Hangzhou Robam Domestic
Industrial Group Co., non-state legal 49.68% 471,510,000 0 - 0
Ltd. person
Hong Kong Securities Overseas legal
11.45% 108,623,698 0 - 0
Clearing Co. Ltd. person
Domestic
Shen Guoying 1.29% 12,240,000 0 - 0
natural person
China Construction
Bank Co., Ltd. - An xin
Value Selected Stock Other 1.19% 11,336,419 0 - 0
Securities Investment
Fund
Domestic
Hangzhou Jinchuang
non-state legal 1.00% 9,451,985 0 - 0
Investment Co., Ltd.
person
Shenzhen Guoshi
Capital Management
Co., Ltd. - Guoshi
Capital - Robam Agent Other 0.88% 8,311,165 0 - 0
Holding Stage 2
Structured Private
Equity Fund
Aberdeen Standard
Investments (Asia)
Overseas legal
Limited - Aberdeen 0.75% 7,079,528 0 - 0
person
Global - China A-Shares
Fund
Domestic
Hangzhou Yinchuang
non-state legal 0.74% 7,020,000 0 - 0
Investment Co., Ltd.
person
Domestic
Ren Jianhua 0.62% 5,923,150 0 - 0
natural person
Central Huijin State legal
0.60% 5,685,810 0 - 0
Investment Ltd. person
Shareholding of top 10 shareholders with unlimited sales conditions
Page 5 of 32
2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Number of shares held with unlimited Share type
Shareholder's name
sales conditions Share type Quantity
Hangzhou Robam Industrial Group Co., RMB common
471,510,000 471,510,000
Ltd. share
RMB common
Hong Kong Securities Clearing Co. Ltd. 108,623,698 108,623,698
share
RMB common
Shen Guoying 12,240,000 12,240,000
share
China Construction Bank Co., Ltd. - An xin
RMB common
Value Selected Stock Securities Investment 11,336,419 11,336,419
share
Fund
RMB common
Hangzhou Jinchuang Investment Co., Ltd. 9,451,985 9,451,985
share
Shenzhen Guoshi Capital Management
Co., Ltd. - Guoshi Capital - Robam Agent RMB common
8,311,165 8,311,165
Holding Stage 2 Structured Private Equity share
Fund
Aberdeen Standard Investments (Asia)
RMB common
Limited - Aberdeen Global - China 7,079,528 7,079,528
share
A-Shares Fund
RMB common
Hangzhou Yinchuang Investment Co., Ltd. 7,020,000 7,020,000
share
RMB common
Ren Jianhua 5,923,150 5,923,150
share
RMB common
Central Huijin Investment Ltd. 5,685,810 5,685,810
share
The actual controller of the Company’s controlling shareholder
Hangzhou Robam Industrial Group Co., Ltd. and the shareholder
Description of the above-mentioned
Hangzhou Jinchuang Investment Co., Ltd. is Mr. Ren Jianhua, and the
shareholder association or concerted action
natural person shareholder Shen Guo Ying is the wife of Ren Jianhua.
The above shareholders have the possibility of acting in unison.
Securities margin trading business
Not applicable
attended by top 10 shareholders (if any)
Whether the Company’s top 10 common shareholders and op 10 common shareholders with unlimited sales conditions
agreed on a repurchase transaction during the reporting period
□Yes √No
The Company’s top 10 common shareholders and op 10 common shareholders with unlimited sales conditions did not
agree on a repurchase transaction during the reporting period
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
2. Total number of preferred shareholders and the top 10 preferred shareholders’
shareholdings of the Company
□ Applicable √ Not applicable
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Section 5: Important Matters
I. Cases and causes for the change in the main financial data and financial indexes
during the reporting period
√Applicable □ Not applicable
1. Balance sheet items
The monetary capital increased by 47.74% at the end of the reporting period compared to the beginning of the year,
which was mainly caused by the increase of the company's payment collection and the decrease of the amount of
money to purchase the bank financial products.
The advances to suppliers increased by 38.22% at the end of the reporting period compared to the beginning of the
year, which was mainly caused by the increase in the purchase of raw materials.
Other current assets decreased by 35.91% at the end of the reporting period compared to the beginning of the year,
which was mainly caused by the decrease of the bank financing in the current period.
Available-for-sale financial assets decreased by 100% at the end of the reporting period compared to the beginning
of the year and other equity instrument investments increased by 100% compared to last year, which were caused
by the change in the reclassification of items.
The long-term equity in vestment increased by 81.34% at the end of the reporting period compared to the beginning
of the year, which was mainly caused by the profit increase of De Dietrich Trade (Shanghai) Co., Ltd. invested by the
company in the current period.
The construction in progress increased by 36.58% at the end of the reporting period compared to the beginning of
the year, which was mainly caused by the infrastructure investment in Maoshan Intelligent Manufacturing Park in the
current period.
The long-term unamortized expenses decreas ed by 80.94% at the end of the reporting period compared to the
beginning of the year, which was mainly caused by the amortization of long -term deferred expenses in previous
period.
The accounts payable increased by 31.88% at the end of the reporting perio d compared to the beginning of the year,
which was mainly caused by the increase in the purchase transactions with the sales revenue in the current period.
The payroll payable decreased by 90.93% at the end of the reporting period compared to the beginning of the year,
which was mainly caused by the payment of employee salaries and bonuses last year.
The tax payable increased by 64.30% at the end of the reporting period compared to the beginning of the year, which
was mainly caused by the increase in the income tax expenses in the current period.
2. Income statement items
The non-operating income decreased by 52.49% in the reporting period compared to the last year, which was mainly
caused by the decrease of the government subsidies in the current period.
The non-operating expenditure increased by 217.58% in the reporting period compared to the last year, which was
mainly caused by the increase of the donation outlay and the scrap of some products in the current period.
3. Cash flow statement items
The net cash flow from investment activities decreased by 227.81% in the reporting period compared to the last year,
which was mainly caused by the company's payment for the investment fund for merger and acquisition of Kinde last
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
year and no major investment projects in current period.
II. Progress of important matters and their impact and solution analysis
□ Applicable √ Not applicable
Implementation progress of share repurchase
□ Applicable √ Not applicable
Implementation progress of reducing repurchased shares by centralized competitive bidding
□ Applicable √ Not applicable
III. Commitments not fully fulfilled by the Company’s actual controller, shareholders,
related parties, acquirer and other commitment parties during the reporting
period
□ Applicable √ Not applicable
No commitments not fully fulfilled by the Company’s actual controller, shareholders, related parties, acquirer and other
commitment parties during the reporting period
IV. Estimate of annual business performance for 2019
It is estimated that the change rate of the net profits attributable to shareholders of listed companies in 2019 ranges from
2% to 10%
V. Financial assets measured with fair value
□ Applicable √ Not applicable
VI. Illegal external guarantee
□ Applicable √ Not applicable
No illegal external guarantee of the Company during the reporting period.
VII. Non-operating occupation of funds of listed companies by controlling
shareholders and their related parties
□ Applicable √ Not applicable
No non-operating occupation of funds of listed companies by controlling shareholders and their related parties during the
reporting period.
VIII. Entrusted financing
√Applicable □ Not applicable
Unit: 10,000 yuan
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Source of funds for Amount incurred in Overdue amount not
Specific type Outstanding balance
entrusted financing entrusted financing recovered
Bank financial
Owned fund 213,000 150,000 0
products
Total 213,000 150,000 0
Specific circumstance of high-risk entrusted financing with significant single amount or with low security, poor liquidity and
not break-even
□ Applicable √ Not applicable
The entrusted financing is expected not to recover the principal or has other circumstances that may cause impairment
□ Applicable √ Not applicable
IX. Registration form of reception, research, communication, interview and other
activities during the reporting period
√Applicable □ Not applicable
Reception Type of received
Reception time Basic information index of the survey
way object
See the Record Chart of Investor Relation Activities on
July 01, 2019 Field survey Organization
July 1 and 2, 2019 in cninfo
See the Record Chart of Investor Relation Activities on
September 18, 2019 Field survey Organization
July 18 and 19, 2019 in cninfo
See the Record Chart of Investor Relation Activities on
September 16, 2019 Field survey Organization
Septemb er 16 and 17, 2019 in cninfo
See the Record Chart of Investor Relation Activities on
September 18, 2019 Field survey Organization
Septemb er 18-23, 2019 in cninfo
See the Record Chart of Investor Relation Activities on
September 25, 2019 Field survey Organization
Septemb er 25, 2019 in cninfo
Page 10 of 32
2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Section 4: Financial statements
I. Financial statements
1. Consolidated Balance Sheet
Unit: Hangzhou Robam Appliances Co., Ltd.
September 30, 2019
Unit: yuan
Item September 30, 2019 December 31, 2018
Current assets:
Monetary capital 3,245,449,193.34 2,196,706,808.35
Deposit reservation for balance
Lending funds
Trading financial assets
Financial assets measured with fair value and with the
changes included in current profit and loss
Derivative financial assets
Notes receivable 1,638,067,218.35 1,268,146,296.01
Accounts receivable 504,403,716.91 446,773,135.47
Receivables financing
Ad vances to suppliers 82,223,155.23 59,485,930.70
Premiums receivables
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 76,297,609.13 70,182,460.52
Including: Interest receivable
Dividends receivable
Redemptory monetary capital for sale
Inventory 1,252,927,464.66 1,347,112,731.03
Contract assets
Assets held for sales
Non-current assets due within a year
Other current assets 1,661,000,000.00 2,591,760,176.09
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Total current assets 8,460,368,357.62 7,980,167,538.17
Non-current assets:
Loans and advances
Debt investment
Available-for-sale financial assets 119,948,534.00
Other debt investments
Held-to-maturity investment
Long-term receivables
Long-term equity investment 4,747,220.20 2,617,851.16
Other equity instrument investments 119,948,534.00
Other non-current financial assets
Investment properties 114,835.04 121,575.14
Fixed assets 827,524,982.61 842,877,466.95
Construction in progress 251,902,361.51 184,440,655.49
Productive biological assets
Oil and gas assets
Right-of-use assets
Intangible assets 188,822,958.40 193,974,179.90
Development expenditure
Goodwill 80,589,565.84 80,589,565.84
Long-term unamortized expenses 940,486.63 4,933,280.77
Deferred income tax assets 119,994,530.99 39,564,040.41
Other non-current assets 18,781,695.00 6,126,821.00
Total non-current assets 1,613,367,170.22 1,475,193,970.66
Total assets 10,073,735,527.84 9,455,361,508.83
Current liabilities
Short-term borrowing
Borrowings from central bank
Borrowing funds
Trading financial liabilities
Financial liabilities measured with fair value and with
the changes included in current profit and loss
Derivative financial liabilities
Notes payable 506,112,976.05 411,414,985.01
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Accounts payable 1,576,761,406.44 1,195,563,149.37
Ad vance from customers 1,002,475,900.77 1,170,088,458.14
Contract liabilities
Financial assets sold for repurchase
Deposits from customers and interbank
Acting trading securities
Acting underwriting securities
Payroll payable 9,734,481.06 107,349,495.30
Tax payable 186,071,573.71 113,248,653.85
Other payables 228,913,042.01 234,490,187.04
Including: Interest payable
Dividends payable
Fees and commissions payable
Dividend payable for reinsurance
Liabilities held for sales
Non-current liabilities due within a year
Other current liabilities
Total current liabilities 3,510,069,380.04 3,232,154,928.71
Non-current liabilities
Reserve fund for insurance contracts
Long-term borrowing
Bonds payable
Including: preferred stock
Perpetual bond
Lease liabilities
Long-term payable
Long-term payroll payable
Estimated liabilities
Deferred income 78,992,037.91 82,021,091.35
Deferred income tax liabilities 9,476,406.55 10,337,139.79
Other non-current liabilities
Total non-current liabilities 88,468,444.46 92,358,231.14
Total liabilities 3,598,537,824.50 3,324,513,159.85
Owner's equity:
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Capital stock 949,024,050.00 949,024,050.00
Other equity instruments
Including: preferred stock
Perpetual bond
Capital reserve 401,799,332.67 401,689,801.42
Minus: treasury stock 3,456,989.00
Other comprehensive income
Special reserve
Surplus reserves 474,516,412.50 474,516,412.50
General risk preparation
Undistributed profit 4,550,019,275.12 4,223,611,112.65
Total owners' equities attributable to the owners of parent
6,375,359,070.29 6,045,384,387.57
company
Minority equity 99,838,633.05 85,463,961.41
Total owners' equities 6,475,197,703.34 6,130,848,348.98
Total liabilities and owners' equities 10,073,735,527.84 9,455,361,508.83
Legal representative: Ren Jianhua Head of accounting work: Zhang Guofu Head of accounting body: Zhang Guofu
2. Balance sheet of parent company
Unit: yuan
Item September 30, 2019 December 31, 2018
Current assets:
Monetary capital 3,095,127,527.64 2,017,251,340.16
Trading financial assets
Financial assets measured with fair value and with the
changes included in current profit and loss
Derivative financial assets
Notes receivable 1,638,067,218.35 1,261,896,296.01
Accounts receivable 468,545,818.24 438,002,392.66
Receivables financing
Ad vances to suppliers 75,845,354.68 48,995,796.40
Other receivables 54,767,795.54 64,301,240.95
Including: Interest receivable
Dividends receivable
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Inventory 1,188,214,158.25 1,267,525,767.58
Contract assets
Assets held for sales
Non-current assets due within a year
Other current assets 1,500,000,000.00 2,448,736,487.97
Total current assets 8,020,567,872.70 7,546,709,321.73
Non-current assets:
Debt investment
Available-for-sale financial assets 119,948,534.00
Other debt investments
Held-to-maturity investment
Long-term receivables
Long-term equity investment 231,253,153.93 224,608,888.64
Other equity instrument investments 119,948,534.00
Other non-current financial assets
Investment properties 445,341.88 470,485.36
Fixed assets 799,628,406.54 815,345,909.65
Construction in progress 251,675,946.41 184,365,655.49
Productive biological assets
Oil and gas assets
Right-of-use assets
Intangible assets 159,099,879.95 161,743,355.41
Development expenditure
Goodwill
Long-term unamortized expenses 231,915.18 4,933,280.77
Deferred income tax assets 120,584,767.57 38,723,474.50
Other non-current assets 18,781,695.00 6,126,821.00
Total non-current assets 1,701,649,640.46 1,556,266,404.82
Total assets 9,722,217,513.16 9,102,975,726.55
Current liabilities
Short-term borrowing
Trading financial liabilities
Financial liabilities measured with fair value and with
the changes included in current profit and loss
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Derivative financial liabilities
Notes payable 505,812,976.05 409,057,910.01
Accounts payable 1,516,115,738.94 1,158,684,039.60
Ad vance from customers 951,864,889.79 1,067,652,543.09
Contract liabilities
Payroll payable 62,564.09 88,814,022.76
Tax payable 173,930,045.06 99,200,231.67
Other payables 205,506,081.22 215,230,256.63
Including: Interest payable
Dividends payable
Liabilities held for sales
Non-current liabilities due within a year
Other current liabilities
Total current liabilities 3,353,292,295.15 3,038,639,003.76
Non-current liabilities
Long-term borrowing
Bonds payable
Including: preferred stock
Perpetual bond
Lease liabilities
Long-term payable
Long-term payroll payable
Estimated liabilities
Deferred income 78,992,037.91 82,021,091.35
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 78,992,037.91 82,021,091.35
Total liabilities 3,432,284,333.06 3,120,660,095.11
Owner's equity:
Capital stock 949,024,050.00 949,024,050.00
Other equity instruments
Including: preferred stock
Perpetual bond
Capital reserve 401,754,349.66 401,644,818.41
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Minus: treasury stock 3,456,989.00
Other comprehensive income
Special reserve
Surplus reserves 474,516,412.50 474,516,412.50
Undistributed profit 4,464,638,367.94 4,160,587,339.53
Total owners' equities 6,289,933,180.10 5,982,315,631.44
Total liabilities and owners' equities 9,722,217,513.16 9,102,975,726.55
3. Consolidated income statement in this reporting period
Unit: yuan
Amount incurred in current Amount incurred in
Item
period previous period
I. Total operating income 2,097,606,924.30 1,897,226,702.39
Including: Operating income 2,097,606,924.30 1,897,226,702.39
Interest revenue
Premium earned
Fee and commission income
II. Total operating costs 1,626,491,205.87 1,540,956,134.57
Including: Operating costs 929,416,753.92 890,372,953.14
Interest expenditure
Fee and commission expense
Surrender value
Net payments for insurance claims
Net reserve fund extracted for insurance liability
Bond insurance expense
Reinsurance costs
Taxes and surcharges 16,898,617.83 15,144,024.00
Selling expenses 566,766,627.49 530,494,123.51
Management costs 67,127,915.14 64,363,432.80
Research and development expenses 76,250,213.58 71,418,205.97
Financial expenses -29,968,922.10 -30,836,604.85
Including: interest expenditure
Interest revenue 29,217,382.55 30,076,489.36
Plus: other incomes 3,751,701.65 3,795,700.21
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Income from investment (loss expressed with
25,609,237.33 34,848,138.32
“-”)
Including: Income from investment of joint
2,060,171.09 -12,581.48
venture and cooperative enterprise
Income from derecognition of financial
assets measured at amortized cost
Exchange gain (loss expressed with “-”)
Net exposure hedging gain (loss expressed with
“-”)
Income from fair value changes (loss expressed
with “-”)
Credit impairment losses (loss expressed with
-654,094.55
“-”)
Assets impairment losses (loss expressed with
6,844,425.59
“-”)
Income from disposal of assets (loss expressed
330,810.85 48,510.44
with “-”)
III. Operating profits (loss expressed with “-”) 500,153,373.71 401,807,342.38
Plus: Non-operating income 1,516,796.98 908,976.86
Less: non-operating expenditure 1,002,387.45 95,558.47
IV. Total profits (total loss expressed with “-”) 500,667,783.24 402,620,760.77
Less: Income tax e xpenses 78,082,299.02 46,683,146.64
V. Net profits (net loss expressed with “-”) 422,585,484.22 355,937,614.13
i. Classified by business continuity
1. Net profits from going concern (net loss
422,585,484.22 355,937,614.13
expressed with “-”)
2. Net profits from discontinuing operation (net loss
expressed with “-”)
ii. Classified by ownership
1. Net owners' profits attributable to the owners of
415,223,408.27 351,293,563.34
parent company
2. * Minority interest income 7,362,075.95 4,644,050.79
VI. Net of tax of other comprehensive income
Net amount of other comprehensive income after tax
attributed to parent company owners
i. Other comprehensive income that can't be
reclassified into profit and loss
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
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 in the invested
enterprise under equity method
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
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
3. Changes in fair value through profit and loss of
available-for-sale financial assets
4. Amount of financial assets reclassified into other
comprehensive income
5. Held-to-maturity investment reclassified into
available-for-sale financial assets
6. Provision for credit impairment of other debt
investments
7. Cash flow hedging reserve
8. Balance arising from the translation of foreign
currency financial statements
9. Other
Net amount of other comprehensive income after tax
attributed to minority shareholders
VII. Total comprehensive income 422,585,484.22 355,937,614.13
Total comprehensive income belonging to parent
415,223,408.27 351,293,563.34
company
Total comprehensive income attributed to minority
7,362,075.95 4,644,050.79
shareholders
VIII. Earnings per share:
i. Basic EPS 0.44 0.37
ii. Diluted EPS 0.44 0.37
In case of business combination involving enterprises under common control in this period, the net profits achieved by the
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
combined enterprise before combination were RMB and achieved by the combined enterprise in previous period were
RMB .
Legal representative: Ren Jianhua Head of accounting work: Zhang Guofu Head of accounting body: Zhang Guofu
4. Income statement of parent company in this reporting period
Unit: yuan
Amount incurred in current Amount incurred in
Item
period previous period
I. Operating income 1,913,478,145.97 1,727,137,272.30
Subtract: Operating costs 870,660,956.25 827,910,952.66
Taxes and surcharges 14,928,367.84 13,704,788.27
Selling expenses 494,289,468.62 459,765,926.40
Management costs 46,258,967.41 48,036,306.77
Research and development expenses 74,014,215.72 69,187,392.44
Financial expenses -29,842,457.70 -27,301,366.88
Including: interest expenditure
Interest revenue 28,950,692.46 26,427,376.40
Plus: other incomes 3,432,351.15 2,495,403.38
Income from investment (loss expressed with “-”) 23,532,336.60 34,848,138.32
Including: Income from investment of joint
1,364,267.48 -12,581.48
venture and cooperative enterprise
Income from derecognition of financial assets
measured at amortized cost
Net exposure hedging gain (loss expressed with
“-”)
Income from fair value changes (loss expressed
with “-”)
Credit impairment losses (loss expressed with “-”) -1,347,328.85
Assets impairment losses (loss expressed with
6,486,076.46
“-”)
Income from disposal of assets (loss expressed
51,884.79 48,510.44
with “-”)
II. Operating profits (loss expressed with “-”) 468,837,871.52 379,711,401.24
Plus: Non-operating income 1,450,130.00 909,578.60
Less: non-operating expenditure 75,873.91 86,238.94
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
III. Total profits (total loss expressed with “-”) 470,212,127.61 380,534,740.90
Less: Income tax e xpenses 70,416,452.79 43,236,772.23
IV. Net profits (net loss expressed with “-”) 399,795,674.82 337,297,968.67
i. Net profits from going concern (net loss expressed
399,795,674.82 337,297,968.67
with “-”)
ii. Net profits from discontinuing operation (net loss
expressed with “-”)
V. Net of tax of other comprehensive income
i. Other comprehensive income that can't 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 can't be
reclassified into profit and loss in the
invested enterprise under equity method
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
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
3. Changes in fair value through profit and loss
of available-for-sale financial assets
4. Amount of financial assets reclassified into
other comprehensive income
5. Held-to-maturity investment reclassified into
available-for-sale financial assets
6. Provision for credit impairment of other debt
investments
7. Cash flow hedging reserve
8. Balance arising from the translation of
foreign currency financial statements
9. Other
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
VI. Total comprehensive income 399,795,674.82 337,297,968.67
VII. Earnings per share:
i. Basic EPS
ii. Diluted EPS
5. Consolidated Statement of Income from the beginning of the year to the end of
the reporting period
Unit: yuan
Amount incurred in current Amount incurred in
Item
period previous period
I. Total operating income 5,625,020,807.26 5,393,889,267.86
Including: Operating income 5,625,020,807.26 5,393,889,267.86
Interest revenue
Premium earned
Fee and commission income
II. Total operating costs 4,439,593,417.70 4,354,495,704.86
Including: Operating costs 2,528,818,716.74 2,519,018,355.86
Interest expenditure
Fee and commission expense
Surrender value
Net payments for insurance claims
Net reserve fund extracted for insurance liability
Bond insurance expense
Reinsurance costs
Taxes and surcharges 46,357,616.21 48,853,295.63
Selling expenses 1,556,811,534.10 1,495,239,191.95
Management costs 183,299,443.91 189,057,262.33
Research and development expenses 183,879,999.71 181,241,873.33
Financial expenses -59,573,892.97 -78,914,274.24
Including: interest expenditure 201,831.98
Interest revenue 59,525,309.87 78,194,467.53
Plus: other incomes 60,590,883.49 63,319,835.29
Income from investment (loss expressed with “-”) 65,468,211.82 75,618,417.94
Including: Income from investment of joint venture
2,129,369.04 643,022.56
and cooperative enterprise
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Income from derecognition of financial assets
measured at amortized cost
Exchange gain (loss expressed with “-”)
Net exposure hedging gain (loss expressed with
“-”)
Income from fair value changes (loss expressed
with “-”)
Credit impairment losses (loss expressed with “-”) -9,606,123.78
Assets impairment losses (loss expressed with
-1,741,053.34
“-”)
Income from disposal of assets (loss expressed
34,138.62 111,267.72
with “-”)
III. Operating profits (loss expressed with “-”) 1,301,914,499.71 1,176,702,030.61
Plus: Non-operating income 3,128,743.07 6,585,510.73
Less: non-operating expenditure 3,884,831.50 1,223,275.90
IV. Total profits (total loss expressed with “-”) 1,301,158,411.28 1,182,064,265.44
Less: Income tax e xpenses 201,156,337.17 165,791,085.97
V. Net profits (net loss expressed with “-”) 1,100,002,074.11 1,016,273,179.47
i. Classified by business continuity
1. Net profits from going concern (net loss
1,100,002,074.11 1,016,273,179.47
expressed with “-”)
2. Net profits from discontinuing operation
(net loss expressed with “-”)
ii. Classified by ownership
1. Net owners' profits attributable to the
1,085,627,402.47 1,011,633,069.40
owners of parent company
2. * Minority interest income 14,374,671.64 4,640,110.07
VI. Net of tax of other comprehensive income
Net amount of other comprehensive income after tax
attributed to parent company owners
i. Other comprehensive income that can't 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 can't be
reclassified into profit and loss in the
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
invested enterprise under equity method
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
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
3. Changes in fair value through profit and
loss of available-for-sale financial assets
4. Amount of financial assets reclassified into
other comprehensive income
5. Held-to-maturity investment reclassified
into available-for-sale financial assets
6. Provision for credit impairment of other
debt investments
7. Cash flow hedging reserve
8. Balance arising from the translation of
foreign currency financial statements
9. Other
Net amount of other comprehensive income after tax
attributed to minority shareholders
VII. Total comprehensive income 1,100,002,074.11 1,016,273,179.47
Total comprehensive income belonging to parent
1,085,627,402.47 1,011,633,069.40
company
Total comprehensive income attributed to minority
14,374,671.64 4,640,110.07
shareholders
VIII. Earnings per share:
i. Basic EPS 1.14 1.07
ii. Diluted EPS 1.14 1.07
In case of business combination involving enterprises under common control in this period, the net profits achieved by the
combined enterprise before combination were RMB and achieved by the combined enterprise in previous period were
RMB .
Page 24 of 32
2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Legal representative: Ren Head of accounting work: Zhang Guofu Head of accounting body:
Jianhua Zhang Guofu
6. Income statement of parent company from the beginning of the year to the end
of the reporting period
Unit: yuan
Amount incurred in current Amount incurred in
Item
period previous period
I. Operating income 5,173,271,472.64 5,019,021,362.42
Subtract: Operating costs 2,378,159,108.17 2,399,568,710.77
Taxes and surcharges 41,260,532.79 44,613,880.30
Selling expenses 1,362,174,692.49 1,318,201,993.38
Management costs 127,376,083.37 133,529,192.15
Research and development expenses 177,725,385.19 179,011,059.80
Financial expenses -57,647,916.09 -74,727,743.91
Including: interest expenditure 201,831.98
Interest revenue 57,198,018.80 73,704,782.57
Plus: other incomes 55,342,033.44 61,726,939.46
Income from investment (loss expressed with “-”) 60,496,673.26 75,618,417.94
Including: Income from investment of joint venture
2,129,369.04 643,022.56
and cooperative enterprise
Income from derecognition of financial assets
measured at amortized cost
Net exposure hedging gain (loss expressed with
“-”)
Income from fair value changes (loss expressed
with “-”)
Credit impairment losses (loss expressed with “-”) -10,495,755.49
Assets impairment losses (loss expressed with
-1,159,416.88
“-”)
Income from disposal of assets (loss expressed
-244,787.44 111,267.72
with “-”)
II. Operating profits (loss expressed with “-”) 1,249,321,750.49 1,155,121,478.17
Plus: Non-operating income 2,975,654.06 1,304,711.39
Less: non-operating expenditure 1,169,135.48 1,200,624.10
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
III. Total profits (total loss expressed with “-”) 1,251,128,269.07 1,155,225,565.46
Less: Income tax e xpenses 187,858,000.66 159,784,888.28
IV. Net profits (net loss expressed with “-”) 1,063,270,268.41 995,440,677.18
i. Net profits from going concern (net loss expressed
1,063,270,268.41 995,440,677.18
with “-”)
ii. Net profits from discontinuing operation (net loss
expressed with “-”)
V. Net of tax of other comprehensive income
i. Other comprehensive income that can't 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 can't be
reclassified into profit and loss in the
invested enterprise under equity method
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
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
3. Changes in fair value through profit and loss
of available-for-sale financial assets
4. Amount of financial assets reclassified into
other comprehensive income
5. Held-to-maturity investment reclassified into
available-for-sale financial assets
6. Provision for credit impairment of other debt
investments
7. Cash flow hedging reserve
8. Balance arising from the translation of
foreign currency financial statements
9. Other
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
VI. Total comprehensive income 1,063,270,268.41 995,440,677.18
VII. Earnings per share:
i. Basic EPS
ii. Diluted EPS
7. Consolidated statement of cash flow from the beginning of the year to the end
of the reporting period
Unit: yuan
Amount incurred in Amount incurred in
Item
current period previous period
I. Cash flow from operating activities:
Cash from selling commodities or offering labor 5,597,588,789.97 6,295,843,787.05
Net increase of customer deposit and deposit from
other banks
Net increase of borrowings from central bank
Net increase 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
Cash 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 548,519.01 821,982.79
Other cash received related to operating activities 137,720,406.72 179,718,177.48
Subtotal cash inflows from operating activities 5,735,857,715.70 6,476,383,947.32
Cash paid for selling commodities or offering labor 2,348,446,926.51 2,745,280,576.69
Net increase of customer loans and advances
Net increase of amount due from central bank and
interbank
Cash paid for original insurance contract claims
payment
Net increase of lending funds
Page 27 of 32
2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Cash paid for interest, handling charges and
commissions
Cash paid for policy dividend
Cash paid to and for employees 522,706,852.79 523,236,997.93
Taxes and fees paid 627,369,800.29 606,251,771.34
Other cash paid related to operating activities 1,202,119,273.35 1,400,953,957.63
Subtotal cash outflows from operating activities 4,700,642,852.94 5,275,723,303.59
Net cash flow from operating activities 1,035,214,862.76 1,200,660,643.73
II. Cash flow from investment activities:
Cash from investment withdrawal 2,487,500,000.00 2,221,397,302.46
Cash from investment income 72,410,430.17 72,135,686.92
Net cash from disposal of fixed assets, intangible
517,944.71 150,287.23
assets and other long-term assets
Net cash received from the disposal of subsidiaries and
other business entities
Other cash received related to investment activities
Subtotal cash inflows from investment activities 2,560,428,374.88 2,293,683,276.61
Cash paid for the purchase and construction of fixed
210,767,796.17 108,113,334.10
assets, intangible assets and other long term assets
Cash paid for investment 1,578,500,000.00 2,775,000,000.00
Net cash received from reinsurance business
Net cash paid for obtaining subsidiaries and other
5,000,000.00
business units
Other cash paid related to investment activities 10,000,000.00
Subtotal cash outflows from investment activities 1,794,267,796.17 2,893,113,334.10
Net cash flow from investment activities 766,160,578.71 -599,430,057.49
III. Cash flow from financing activities:
Receipts from equity securities
Including: Cash received from subsidies’ absorption of
minority shareholders’ investment
Cash received from borrowings
Other cash received related to financing activities
Subtotal cash inflows from financing activities
Cash repayments of amounts borrowed
Cash paid for distribution of dividends or profits and for
759,219,240.00 711,774,618.75
interest expenses
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Including: Dividends and profits paid by subsidiaries to
minority shareholders
Other cash paid related to financing activities 83,011.50
Subtotal cash outflows from financing activities 759,219,240.00 711,857,630.25
Net cash flow from financing activities -759,219,240.00 -711,857,630.25
IV. Impact of exchange rate movements on cash and
777,298.72 873,122.97
cash equivalents
V. Net increase of cash and cash equivalents 1,042,933,500.19 -109,753,921.04
Plus: Balance of cash and cash equivalents at the
2,177,219,858.85 2,562,793,610.66
beginning of the period
VI. Balance of cash and cash equivalents at the
3,220,153,359.04 2,453,039,689.62
beginning of the period
8. Cash flow statement of parent company from the beginning of the year to the
end of the reporting period
Unit: yuan
Amount incurred in Amount incurred in
Item
current period previous period
I. Cash flow from operating activities:
Cash from selling commodities or offering labor 5,177,455,334.94 5,921,601,353.11
Refund of tax and levies
Other cash received related to operating activities 115,072,030.83 145,771,354.01
Subtotal cash inflows from operating activities 5,292,527,365.77 6,067,372,707.12
Cash paid for selling commodities or offering labor 2,258,792,791.19 2,705,690,831.41
Cash paid to and for employees 408,109,017.82 419,964,548.20
Taxes and fees paid 566,307,011.96 549,632,416.57
Other cash paid related to operating activities 1,025,411,970.55 1,180,706,529.66
Subtotal cash outflows from operating activities 4,258,620,791.52 4,855,994,325.84
Net cash flow from operating activities 1,033,906,574.25 1,211,378,381.28
II. Cash flow from investment activities:
Cash from investment withdrawal 2,130,000,000.00 2,221,397,302.46
Cash from investment income 67,438,891.61 72,135,686.92
Net cash from disposal of fixed assets, intangible
517,944.71 150,287.23
assets and other long-term assets
Net cash received from the disposal of subsidiaries and
other business entities
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Other cash received related to investment activities
Subtotal cash inflows from investment activities 2,197,956,836.32 2,293,683,276.61
Cash paid for the purchase and construction of fixed
194,211,274.34 107,410,121.49
assets, intangible assets and other long term assets
Cash paid for investment 1,204,500,000.00 2,887,320,000.00
Net cash paid for obtaining subsidiaries and other
5,000,000.00
business units
Other cash paid related to investment activities 10,000,000.00
Subtotal cash outflows from investment activities 1,403,711,274.34 3,004,730,121.49
Net cash flow from investment activities 794,245,561.98 -711,046,844.88
III. Cash flow from financing activities:
Receipts from equity securities
Cash received from borrowings
Other cash received related to financing activities
Subtotal cash inflows from financing activities
Cash repayments of amounts borrowed
Cash paid for distribution of dividends or profits and for
759,219,240.00 711,774,618.75
interest expenses
Other cash paid related to financing activities 83,011.50
Subtotal cash outflows from financing activities 759,219,240.00 711,857,630.25
Net cash flow from financing activities -759,219,240.00 -711,857,630.25
IV. Impact of exchange rate movements on cash and
777,331.45 873,049.89
cash equivalents
V. Net increase of cash and cash equivalents 1,069,710,227.68 -210,653,043.96
Plus: Balance of cash and cash equivalents at the
2,000,183,395.66 2,411,423,559.90
beginning of the period
VI. Balance of cash and cash equivalents at the
3,069,893,623.34 2,200,770,515.94
beginning of the period
II. Statement of adjustment to financial statements
1. Adjustment of relevant items in financial statements at the beginning of the implementation
year as a result of imple mentation of new financial instrument standards, new income
standards and new release standards from 2019
√Applicable □ Not applicable
Consolidated Balance Sheet
Unit: yuan
Page 30 of 32
2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Item December 31, 2018 January 01, 2019 Adjusted figure
Available-for-sale
119,948,534.00 0.00 -119,948,534.00
financial assets
Other equity instrument
0.00 119,948,534.00 119,948,534.00
investments
Balance sheet of parent company
Unit: yuan
Item December 31, 2018 January 01, 2019 Adjusted figure
Available-for-sale
119,948,534.00 0.00 -119,948,534.00
financial assets
Other equity instrument
0.00 119,948,534.00 119,948,534.00
investments
2. Retrospective adjustment of early comparative data description as a result of
implementation of new financial instrument standards or new release standards from 2019
√Applicable □ Not applicable
The Company designates some non-transactional equity investments to be held on and after January 1, 2019 as the
financial assets measured at fair value of which changes are recorded into other comprehensive income, and presented
as other equity instrument investments.
On the first implementation date, the book value of the original financial assets is adjusted to a reconciliation statement o f
the book value of the new financial assets classified and measured in accordance with the new financial instrument
standards.
Impact on consolidated financial statements
Item December 31, 2018 Reclassification Remeasurem January 01, 2019
(Before change) ent (After change)
Available-for-sale financial assets 119,948,534.00
(original standards)
Less: those transferred to other equity 119,948,534.00
instrument investments
Other equity instrument investments
Plus: those transferred from 119,948,534.00
available-for-sale financial assets
(original standards)
Amount presented according to new 119,948,534.00
financial instrument standards
Impact on the Company’s financial statements
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2019 Third Quarter Full Report for Hangzhou Robam Appliances Co., Ltd.
Item December 31, 2018 Reclassification Remeasurem January 01, 2019
(Before change) ent (After change)
Available-for-sale financial assets 119,948,534.00
(original standards)
Less: those transferred to other equity 119,948,534.00
instrument investments
Other equity instrument investments
Plus: those transferred from 119,948,534.00
available-for-sale financial assets
(original standards)
Amount presented according to new 119,948,534.00
financial instrument standards
III. Audit Report
Whether the third quarter report is audited
□Yes √No
The Company's third quarter report is unaudited.
Page 32 of 32
