Full Text of Robam Appliances’ Q1 2022 Report
Stock code: 002508 Stock name: Robam Appliances Announcement No.: 2022--023
Hangzhou Robam Appliances Co., Ltd.
Q1 2022 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 Q1 Report has been audited？
□ Yes√ No
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
The reporting period The same period last year YoY change
Operating income (RMB) 2,086,165,521.12 1,908,332,042.49 9.32%
Net profit attributable to shareholders of 367,704,718.16 358,828,585.88 2.47%
the listed company (RMB)
Net profit attributable to shareholders
of the listed company after deducting 335,557,193.45 321,817,120.06 4.27%
non-recurring gains/losses (RMB)
Net cash flow from operating activities 127,753,283.12 145,798,650.84 -12.38%
(RMB)
Basic earnings per share (EPS) 0.3875 0.3781 2.49%
(RMB/share)
Diluted EPS (RMB/share) 0.3875 0.3781 2.49%
Weighted average return on net assets 4.17% 4.36% -0.19%
End of the reporting period End of last year Change
Total assets (RMB) 13,912,391,503.75 13,906,035,181.12 0.05%
Owner's equity attributable to
8,995,942,468.61 8,627,026,739.27 4.28%
shareholders of listed company (RMB)
1
Full Text of Robam Appliances’ Q1 2022 Report
(II) Items and Amounts of Non-recurring Gains and Losses
√ Applicable □ Not Applicable
Unit: RMB
Amount of the reporting
Item Description
period
Gains and losses on disposal of non-current assets (including the part written-off -57,678.08
with provision for asset impairment accrued)
Government subsidy included in current gains and losses (except the
government subsidy closely related to the Company’s normal business, in line 37,033,815.58
with national policy and enjoyed by quota or ration in accordance with the
unified national standard)
Other non-operating revenues and expenses except the above items 1,031,095.32
Less: Affected amount of income tax 5,737,902.97
Affected amount of minority shareholders’ equity (after tax) 121,805.14
Total 32,147,524.71 --
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 Gains and Losses (referred to as
“Announcement No.1”) are defined as recurring gains and losses
□ Applicable √ Not Applicable
There is no circumstance where the items of non-recurring gains and losses enumerated in accordance with the Announcement No.1
are defined as recurring gains and losses.
(III) Changes in Major Accounting Data and Financial Indicators and Their Reasons
√ Applicable □ Not Applicable
1. Balance sheet items
At the end of the reporting period, prepayments increased by 36.73% as compared with that at the beginning of the year, mainly due
to the increase in the prepayments for the purchase of raw materials in the current period.
At the end of the reporting period, the long-term equity investment increased by 56.54% as compared with that at the beginning of the
year, mainly due to the holding subsidiary Kinde's investment in Shaoxing Shagor Kitchen and Sanitary Technology Co., Ltd.
At the end of the reporting period, taxes payable increased by 54.44% as compared with that at the beginning of the year, mainly due
to temporary differences in accrued sales expenses.
At the end of the reporting period, the payroll payable decreased by 86.29% as compared with that at the beginning of the yea r,
mainly due to the completion of the payment of employees' salaries and bonuses last year.
2. Income statement items
During the reporting period, Interest income increased by 35.11% as compared with that during the same period of the previous year,
mainly due to the increase in the bank wealth management income.
II. Shareholder Information
(I) Total Number of Common Stockholders, the Number of Preferred Stockholders with the Voting Rights
Recovered and Shareholding of the Top 10 Stockholders
Unit: share
2
Full Text of Robam Appliances’ Q1 2022 Report
Total number of preferred
Total number of common shareholders at shareholders with the voting
66,641 rights recovered at the end of 0
the end of the reporting period
reporting period (if any)
Shareholding of the top 10 shareholders
Number of Pledged, marked or frozen shares
Nature of Shareholdin shares subject
Name of shareholder Number of shares
shareholder g ratio to sales Status Quantity
restrictions
Hangzhou Robam Domestic non- 49.68% 471,510,000
Industrial Group Co., state-own ed
Ltd. corporation
Hong Kong
Securities Clearing Overseas 9.85% 93,524,646
Company Limited corporation
Domestic natural 1.29% 12,240,000
Shen Guoying
person
TEMASEK
Overseas
FULLERTON 0.80% 7,620,574
corporation
ALPHA PTE LTD
Industrial Bank
Co., Ltd. － ICBC
Others
Credit Suisse 7,348,519
Culture & Sports 0.77%
Industry Equity
Securities
Investment Fund
PICC Life Insurance
Company Limited － Others
dividends-dividends 7,124,899
0.75%
of personal
insurances
Hangzhou Jinchuang Others 0.70% 6,640,085
Investment Co., Ltd.
Hangzhou Yinchuang Others 0.67% 6,318,000
Investment Co., Ltd.
Noregs Bank – Overseas 0.64% 6,060,174
Equity Fund corporation
Domestic natural 0.62% 5,923,150 4,442,362
Ren Jianhua
person
Shareholding of the top 10 shareholders not subject to sales restrictions
Type of share
Name of shareholder Number of shares not subject to sales restrictions
Type of share Quantity
Hangzhou Robam Industrial Group Co., 471,510,000 RMB ordinary 471,510,000
Ltd. shares
Hong Kong Securities Clearing Company 93,524,646 RMB ordinary 93,524,646
Limited shares
Shen Guoying 12,240,000 RMB ordinary 12,240,000
shares
TEMASEK FULLERTON ALPHA PTE RMB ordinary
7,620,574 7,620,574
LTD shares
Industrial Bank Co., Ltd.－ICBC
7,348,519 RMB ordinary 7,348,519
Credit Suisse Culture & Sports Industry
shares
Equity Securities Investment Fund
PICC Life Insurance Company Limited
7,124,899 RMB ordinary 7,124,899
－dividends-dividends of personal
shares
insurances
Hangzhou Jinchuang Investment Co., Ltd. 6,640,085 RMB ordinary 6,640,085
shares
Hangzhou Yinchuang Investment Co., 6,318,000 RMB ordinary 6,318,000
Ltd. shares
3
Full Text of Robam Appliances’ Q1 2022 Report
Noregs Bank-Equity Fund 6,060,174 RMB ordinary 6,060,174
shares
PICC Property And Casualty Company
5,848,294 RMB ordinary 5,848,294
Limited－traditional-general insurance
shares
products
Mr. Ren Jianhua is the actual controller of the controlling shareholder Hangzhou
Description of the associated relationship or Robam Industrial Group Co., Ltd. and the shareholder Hangzhou Jinchuang
consistent actions of the above shareholders Investment Co., Ltd.; 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 securities margin trading (if N/A
any)
(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.
March 31, 2022
Unit: RMB
Item Ending balance Beginning balance
Current assets:
Cash and cash equivalents 3,792,928,584.60 3,802,201,346.55
Deposit reservation for balance
Lending funds to banks and other
financial institutions
Financial assets held for trading 2,899,012,500.00 2,872,312,500.00
Derivative financial assets
Notes receivable 1,102,376,094.07 1,330,193,894.82
Accounts receivable 1,656,557,324.81 1,597,692,860.90
Accounts receivable financing
Prepayments 179,338,196.08 131,162,030.95
Receivable premium
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 72,378,050.44 73,487,381.46
Including: Interests receivable
Dividends receivable
Redemptory monetary capital for
sale
Inventory 1,743,320,772.67 1,772,231,632.25
4
Full Text of Robam Appliances’ Q1 2022 Report
Contract assets
Assets held for sale
Non-current assets due within one
year
Other current assets 739,028.29 4,110,429.16
Total current assets 11,446,650,550.96 11,583,392,076.09
Non-current assets:
Loans and advances
Debt investment
Other debt investment
Long-term receivables
Long-term equity investment 8,461,102.31 5,405,129.91
Investment in other equity 2,116,023.22 2,116,023.22
instruments
Other non-current financial assets
Investment real estate 10,947,235.15 11,085,896.07
Fixed assets 1,177,144,288.10 1,179,306,020.01
Construction in process 543,092,696.91 454,643,364.82
Productive biological assets
Oil & gas assets
Right-of-use assets 23,364,101.34 29,902,954.22
Intangible assets 229,170,290.27 229,391,803.26
Development expenses
Goodwill 80,589,565.84 80,589,565.84
Long-term deferred expenses 4,131,698.28 5,385,436.20
Deferred income tax assets 330,869,548.54 286,348,037.04
Other non-current assets 55,854,402.83 38,468,874.44
Total non-current assets 2,465,740,952.79 2,322,643,105.03
Total assets 13,912,391,503.75 13,906,035,181.12
Current liabilities:
Short-term borrowings 28,457,942.30 29,616,655.41
Borrowings from the central bank
Borrowings from banks and other
financial institutions
Financial liabilities held for
trading
Derivative financial liabilities
Notes payables 950,055,025.66 962,665,463.99
Accounts payable 1,962,321,634.68 2,181,900,261.00
Advance receipts
Contract liabilities 914,748,617.86 1,026,782,402.35
Financial assets sold for
repurchase
Deposits from customers and
interbank
Receivings from vicariously
traded securities
Receivings from vicariously sold
securities
5
Full Text of Robam Appliances’ Q1 2022 Report
Payroll payable 37,434,876.02 165,177,425.08
Taxes payable 327,715,110.72 212,202,393.54
Other payables 279,303,883.06 267,781,215.06
Including: Interests payable
Dividends payable
Fees and commissions payable
Dividends payable for reinsurance
Liabilities held for sale
Non-current liabilities due within 5,212,376.01 5,387,591.43
one year
Other current liabilities 109,794,701.11 124,284,081.56
Total current liabilities 4,615,044,167.42 4,975,797,489.42
Non-current liabilities:
Reserves for insurance contracts
Long-term loans
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities 19,874,845.73 26,177,034.29
Long-term accounts payable
Long-term payroll payable
Estimated liabilities
Deferred income 127,143,342.05 131,747,378.42
Deferred income tax liabilities 6,050,121.58 6,254,762.76
Other non-current liabilities
Total non-current liabilities 153,068,309.36 164,179,175.47
Total liabilities 4,768,112,476.78 5,139,976,664.89
Owner’s equity:
Capital stock 949,024,050.00 949,024,050.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 406,129,109.33 404,918,098.15
Less: treasury share 199,995,742.59 199,995,742.59
Other comprehensive income -100,157,634.16 -100,157,634.16
Special reserves
Surplus reserves 474,516,412.50 474,516,412.50
General risk reserves
Undistributed profits 7,466,426,273.53 7,098,721,555.37
Total owners’ equity attributable to the 8,995,942,468.61 8,627,026,739.27
parent company
Minority shareholders’ equity 148,336,558.36 139,031,776.96
Total owners’ equity 9,144,279,026.97 8,766,058,516.23
Total liabilities and owner’s equity 13,912,391,503.75 13,906,035,181.12
Legal representative: Ren Jianhua Person in charge of accounting: Zhang Guofu Head of the accounting
department: Zhang Guofu
6
Full Text of Robam Appliances’ Q1 2022 Report
2. Consolidated Income Statement
Unit: RMB
Item Amount of the current period Amount of the previous period
I. Total operating income 2,086,165,521.12 1,908,332,042.49
Inc: Operating income 2,086,165,521.12 1,908,332,042.49
Interest income
Earned premium
Fee and commission income
II. Total operating costs 1,727,936,174.67 1,543,621,310.18
Inc: Operating costs 989,635,398.35 814,110,436.09
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 13,729,855.74 13,074,563.80
Sale expenses 605,441,361.10 614,529,598.27
Administrative expenses 82,621,074.44 69,656,128.89
R&D expenses 67,446,579.35 58,442,093.60
Financial expense -30,938,094.31 -26,191,510.47
Including: Interest 338,676.96
expenses
Interest income 32,910,853.48 24,358,320.45
Add: other income 55,728,815.59 47,513,900.41
Investment income (“-” for
12,688,500.39 15,249,786.30
losses)
Including: Income from
investment in joint ventures and -1,084,027.60 -812,165.09
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
4,247,008.89 3,418,677.20
(“-” for losses)
Losses from asset impairment
(“-” for losses)
Gains on disposal of assets (“-
195,068.33 -1,831,792.95
” for losses)
7
Full Text of Robam Appliances’ Q1 2022 Report
III. Operating profits (“-” for losses) 431,088,739.65 429,061,303.27
Add: non-operating income 2,139,106.81 348,968.29
Less: non-operating expenditure 1,165,689.57 1,142,688.37
IV. Total profits (“-” for total losses)
432,062,156.89 428,267,583.19
Less: income tax expenses 66,052,657.33 65,694,372.94
V. Net profits (“-” for net losses) 366,009,499.56 362,573,210.25
(I) By operational sustainability
1. Net profits from continuing
operations (“-” for net losses) 366,009,499.56 362,573,210.25
2. Net profits from discontinued
operations (“-” for net losses)
(II) By ownership
1. Net profits attributable to owners 367,704,718.16 358,828,585.88
of the parent company
2. Minority shareholders’ gains and -1,695,218.60 3,744,624.37
losses
VI. After-tax net amount of other
comprehensive income
After-tax net amount of other
comprehensive income attributable
to the 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
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 investment
3. Amount of financial
assets reclassified into
other comprehensive
income
4. Provision for credit
impairment of
other debt investment
5. Cash flow hedge reserve
8
Full Text of Robam Appliances’ Q1 2022 Report
6. Converted difference in
foreign currency statements
7. Others
After-tax net amount of other
comprehensive income attributable
to minority shareholders
VII. Total comprehensive income 366,009,499.56 362,573,210.25
Total comprehensive income
attributable to owners of the parent 367,704,718.16 358,828,585.88
company
Total comprehensive income
-1,695,218.60 3,744,624.37
attributable to minority
shareholders
VIII. Earnings per share (EPS):
(I) Basic EPS 0.3875 0.3781
(II) Diluted EPS 0.3875 0.3781
Legal representative: Ren Jianhua Person in charge of accounting: Zhang Guofu Head of the accounting
department: Zhang Guofu
3. Consolidated Cash Flow Statement
Unit: RMB
Item Amount of Amount of
the current the previous
period period
I. Cash flow from operating activities:
Cash received for the sale of
2,371,962,551.90 2,169,898,160.33
goods and rendering of labor
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 borrowing funds
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 22,180,694.86
Cash received related to other
89,533,206.38 79,218,797.20
operating activities
Subtotal of cash inflow from operating 2,483,676,453.14 2,249,116,957.53
activities
9
Full Text of Robam Appliances’ Q1 2022 Report
Cash paid for purchased products
1,358,989,299.28 1,098,274,183.01
and received labor services
Net increase in loans and
advances to customers
Net increase in deposits in 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
290,317,876.62 244,294,780.46
employees
Cash paid for taxes 125,042,444.23 205,079,543.78
Cash paid related to other
581,573,549.89 555,669,799.44
operating activities
Subtotal of cash outflow from 2,355,923,170.02 2,103,318,306.69
operating activities
Net cash flow from operating activities 127,753,283.12 145,798,650.84
II. Cash flow from investment
activities:
Cash received from return of 626,300,000.00 629,000,000.00
investments
Cash received from return on 14,448,081.14 16,523,049.30
investments
Net cash received from disposal
of fixed assets, intangible assets and 457,000.00 1,316,562.40
other long-term assets
Net cash received from disposal
of subsidiaries and other business
entities
Cashes received related to other
investment activities
Subtotal of cash inflow from 641,205,081.14 646,839,611.70
investment activities
Cash paid for purchase and
construction of fixed assets, 121,336,583.28 80,863,665.71
intangible assets and other long-term
assets
Cash paid for investments 657,140,000.00 502,000,000.00
Net increase in pledged loans
Net cash from subsidiaries and
other operating entities
Cash paid related to other
investment activities
Subtotal of cash outflow from 778,476,583.28 582,863,665.71
investment activities
Net cash flow from investment -137,271,502.14 63,975,945.99
activities
III. Cash flow from financing
activities:
Cash from acquiring investments 11,000,000.00 550,000.00
Including: Cash received by
subsidiaries from investments of 11,000,000.00 550,000.00
minority shareholders
10
Full Text of Robam Appliances’ Q1 2022 Report
Cash from acquiring debts
Cashes received related to other
1,012,732.06
financing activities
Subtotal of cash inflow from financing 12,012,732.06 550,000.00
activities
Cash paid for repayments of debts
Cash paid for distribution of
dividends, profits or interest
expenses
Including: Dividends or profits
paid by subsidiaries to minority
shareholders
Cash paid related to other
2,173,346.92
financing activities
Subtotal of cash outflow from 2,173,346.92
financing activities
Net cash flow from financing activities 9,839,385.14 550,000.00
IV. Effect of change in exchange rate
on cash and cash equivalents -205,124.41 257,034.19
V. Net increase in cash and cash 116,041.71 210,581,631.02
equivalents
Add: Opening balance of cash and
3,719,988,820.35 3,886,096,513.56
cash equivalents
VI. Closing balance of cash and cash 3,720,104,862.06 4,096,678,144.58
equivalents
(II) Audit Report
Whether the Q1 Report has been audited？
□ Yes√ No
The Q1 Report of the Company has not been audited.
Board of Directors of Hangzhou Robam Appliances Co., Ltd.
April 20, 2022
11
