Wuxi Little Swan Company Limited Interim Report 2018 (Summary)
Stock Code: 000418, 200418 Stock Name: Little Swan, Littleswan-B Announcement No. 2018-27
WUXI LITTLE SWAN COMPANY LIMITED
INTERIM REPORT 2018 (SUMMARY)
Part I Important Notes
This Summary is based on the full text of the 2018 Interim Report of Wuxi Little Swan Company Limited
(together with its consolidated subsidiaries, the “Company”, except where the context otherwise requires). In
order for a full understanding of the Company’s operating results, financial condition and future development
plans, investors should carefully read the aforesaid full text, which has been disclosed together with this Summary
on the media designated by the China Securities Regulatory Commission (the “CSRC”).
All the Company’s Directors have attended the Board meeting for the review of this Report and its summary.
This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies
or misunderstandings between the two versions, the Chinese versions shall prevail.
Part II Key Corporate Information
1. Stock Profile
Stock name Little Swan, Littleswan-B Stock code 000418, 200418
Stock exchange for stock listing Shenzhen Stock Exchange
Contact information Board Secretary Securities Representative
Name Ms. Zhou Sixiu Mr. Zhao Yulin
No. 18, Changjiang Road S., National Hi-tech No. 18, Changjiang Road S., National Hi-tech
Office address Development Zone, Wuxi, Jiangsu Province, Development Zone, Wuxi, Jiangsu Province,
P.R.China P.R.China
Tel. 0510-81082320 0510-81082377
E-mail address ir@littleswan.com.cn ir@littleswan.com.cn
2. Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
H1 2018 H1 2017 Change (%)
Operating revenue (RMB) 12,056,938,286.05 10,568,060,854.21 14.09%
Net profit attributable to the listed company’s shareholders
902,047,046.42 731,540,502.47 23.31%
(RMB)
Net profit attributable to the listed company’s shareholders
891,791,062.37 714,797,214.75 24.76%
before exceptional items (RMB)
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Wuxi Little Swan Company Limited Interim Report 2018 (Summary)
Net cash generated from/used in operating activities (RMB) 173,229,022.41 -142,410,692.24 221.64%
Basic earnings per share (RMB/share) 1.43 1.16 23.28%
Diluted earnings per share (RMB/share) 1.43 1.16 23.28%
Weighted average return on net assets (%) 12.21% 11.69% 0.52%
30 June 2018 31 December 2017 Change (%)
Total assets (RMB) 19,549,526,067.99 21,338,421,243.67 -8.38%
Net assets attributable to the listed company’s shareholders
7,348,544,506.87 7,047,090,800.97 4.28%
(RMB)
3. Shareholders and Their Holdings at Period-End
Unit: share
Number of preferred shareholders with resumed
Number of ordinary shareholders 17,037 0
voting rights (if any)
Top 10 shareholders
Pledged or frozen
Shareholdin Number of Restricted shares
Name of shareholder Nature of shareholder
g percentage shares shares
Status Shares
Domestic non-state-owned
MIDEA GROUP CO., LTD. 37.78% 238,948,117
legal person
TITONI INVESTMENTS
Foreign legal person 14.89% 94,204,942
DEVELOPMENT LTD.
GAOLING FUND,L.P. Foreign legal person 3.74% 23,664,125
HONGKONG SECURITIES
Foreign legal person 3.42% 21,654,855
CLEANING CO., LTD
NATIONAL SOCIAL SECURITY Domestic non-state-owned
2.86% 18,099,842
FUND PORTFOLIO 108 legal person
GREENWOODS CHINA ALPHA
Foreign legal person 2.81% 17,787,068
MASTER FUND
FINANCE BUREAU OF WUXI State-owned legal person 2.20% 13,887,710
CENTRAL HUIJIN ASSET
State-owned legal person 1.61% 10,156,300
MANAGEMENT CO., LTD.
AGRICULTURAL BANK OF
CHINA- E FUND CONSUMPTION Domestic non-state-owned
1.55% 9,802,304
SECTOR STOCK INVESTMENT legal person
FUND
BILL & MELINDA GATES
Foreign legal person 1.15% 7,288,676
FOUNDATION TRUST
Midea Group and TITONI Investments Development Ltd.
Connected or acting-in-concert parties among shareholders above
are parties acting in concert.
Shareholders conducting margin trading (if any) N/A
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Wuxi Little Swan Company Limited Interim Report 2018 (Summary)
4. Change of Controlling Shareholder or Actual Controller in Reporting Period
Change of the controlling shareholder in the Reporting Period:
□ Applicable √ Not applicable
The controlling shareholder remained the same in the Reporting Period.
Change of the actual controller in the Reporting Period:
□ Applicable √ Not applicable
The actual controller remained the same in the Reporting Period.
5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
No preferred shareholders in the Reporting Period.
6. Corporate bonds
Does the Company have any corporate bonds publicly offered and listed on the stock exchange, which were undue
before the date of this Report’s approval or were due but could not be redeemed in full?
□ Yes √ No
Part III Operating Performance Discussion and Analysis
1. Business Overview of Reporting Period
In face of the complicated political and economic conditions at home and abroad in the first half of 2018, the
Company continuously focused on its core business of washing machines and clothes driers. Closely following its
core strategies of “Advanced Products, Efficiency-Driven Growth and Global Operations”, the Company strove
from endogenous growth driven by product and efficiency improvement. Meanwhile, in light of the industry-wide
consumption upgrade and in order for continuous growth, the Company took the initiative to promote business
transformation. It increased medium-and-high-end offerings in its product mix so as to stay sustainably
competitive.
For H1 2018, the Company recorded operating revenue of RMB12.057 billion, up 14.09% year-on-year; net profit
attributable to the Company as the parent of RMB0.902 billion, representing a 23.31% growth from H1 2017; and
a 26.60% gross profit margin, 0.99 percentage point higher than H1 2017.
2. Matters Related to Financial Reporting
(1) Changes in Accounting Policies, Accounting Estimates or Measurement Methods Compared to Last
Accounting Period
□ Applicable √ Not applicable
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Wuxi Little Swan Company Limited Interim Report 2018 (Summary)
No such changes.
(2) Retrospective Restatements due to Correction of Material Accounting Errors in Reporting Period
□ Applicable √ Not applicable
No such cases.
(3) Changes in Scope of Consolidated Financial Statements Compared to Last Accounting Period
□ Applicable √ Not applicable
No such changes.
Wuxi Little Swan Company Limited
Legal Representative: Fang Hongbo
8 August 2018
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