Q3 2022 Report of Hangzhou Robam Appliances Co., Ltd.
Stock code: 002508 Stock name: Robam Appliances Announcement No.: 2022-049
Hangzhou Robam Appliances Co., Ltd.
Q3 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 Q3 report has been audited？
□ Yes No
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Q3 2022 Report 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 the YoY change
reporting period
Operating income (RMB) 2,792,652,705.58 1.74% 7,236,962,805.27 2.35%
Net profit attributable to
shareholders of the listed 509,980,371.09 -7.62% 1,233,529,752.34 -8.11%
company (RMB)
Net profit attributable to
shareholders of the listed
company after deducting 496,561,217.73 -8.82% 1,132,406,301.80 -12.28%
non-recurring gains/losses
(RMB)
Net cash flow from
— — 1,177,230,706.54 -2.05%
operating activities (RMB)
Basic earnings per share
0.54 -6.90% 1.30 -8.45%
(EPS) (RMB/share)
Diluted EPS (RMB/share) 0.54 -6.90% 1.30 -8.45%
Weighted average return Reduced by 0.97 per Reduced by 2.38 perc
5.58% 13.58%
on net assets centage point entage point
End of the reporting
End of last year Change
period
Total assets (RMB) 14,399,660,135.37 13,906,035,181.12 3.55%
Owner's equity attributable
to shareholders of listed 9,396,082,926.93 8,627,026,739.27 8.91%
company (RMB)
(II) Items and Amounts of Non-recurring Gains and Losses
Applicable □ Not Applicable
In RMB
Amount from the
Amount in the beginning of the
Item Description
reporting period year to the end of the
reporting period
Gains and losses on disposal of non-current assets (including the
-128,419.05 -162,598.77
part written-off 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
15,486,532.28 85,777,631.79
business, in line with national policy and enjoyed by quota or
ration in accordance with the unified national standard)
Reversal of provision for separate impairment of accounts
3,330,554.19 38,578,840.66
receivable
Other non-operating revenues and expenses except the above items -259,989.51 949,881.55
Less: Affected amount of income tax 3,138,289.40 19,207,531.03
Affected amount of minority shareholders’ equity (after tax) 1,871,235.15 4,812,773.66
Total 13,419,153.36 101,123,450.54 --
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Q3 2022 Report of Hangzhou Robam Appliances Co., Ltd.
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, notes receivable decreased by 40.47% as compared with that at the beginning of the year, mainly
due to the decrease in the construction business settled with notes receivable in the current period.
At the end of the reporting period, prepayments increased by 47.21% 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, investment real estate increased by 361.96% as compared with that at the beginning of the year,
mainly due to the increase in the leased real estates in the current period.
At the end of the reporting period, other non-current assets increased by 154.73% as compared with that at the beginning of the year,
mainly due to the increase in the mortgage of properties by property developers and prepayments for purchasing fixed assets.
At the end of the reporting period, short-term loans increased by 123.32% as compared with that at the beginning of the year, mainly
due to the increase in the bank loans of Kinde, a subsidiary.
At the end of the reporting period, the payroll payable decreased by 56.17% as compared with that at the beginning of the year, mainly
due to the completion of the payment of employees’ salaries and bonuses last year.
2. Income statement items
Other incomes increased by 85.53% as compared with that during the same period of the previous year, mainly due to the increase in
the government subsidy.
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 shareholders at Total number of preferred shareholders with the voting
89,966 0
the end of the reporting period rights recovered at the end of reporting period
Shareholding of the top 10 shareholders
Number of Pledged, marked or frozen shares
Shareh
Nature of Number of shares subject
Name of shareholder olding
shareholder shares to sales Status Number
ratio
restrictions
Hangzhou Robam Domestic 49.68% 471,510,000
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Q3 2022 Report of Hangzhou Robam Appliances Co., Ltd.
Industrial Group Co., non-state-
Ltd. owned
corporation
Hong Kong Securities
Overseas
Clearing Company 7.23% 68,621,451
corporation
Limited
TEMASEK
Overseas
FULLERTON ALPHA 1.65% 15,690,099
corporation
PTE LTD
Domestic
Shen Guoying 1.29% 12,240,000
natural person
PICC Life Insurance
Company Limited－
Others 0.77% 7,301,114
Dividend - Individual
Insurance Dividend
Domestic
Hangzhou Jinchuang non-state-
0.70% 6,640,085
Investment Co., Ltd. owned
corporation
PICC Property and
Casualty Company
Limited－Traditional- Others 0.67% 6,382,713
General Insurance
Products
Domestic
Hangzhou Yinchuang non-state-
0.67% 6,318,000
Investment Co., Ltd. owned
corporation
CITIC Securities Co.,
Ltd - Social Security Others 0.63% 5,989,930
Fund 1106 Portfolio
Domestic
Ren Jianhua 0.62% 5,923,150 4,442,362
natural person
Shareholdings of the top 10 shareholders not subject to sales restrictions
Number of shares held not subject to sales Type of share
Name of shareholder
restrictions Type of share Number
Hangzhou Robam Industrial Group Co., RMB ordinary
471,510,000 471,510,000
Ltd. shares
Hong Kong Securities Clearing Company RMB ordinary
68,621,451 68,621,451
Limited shares
TEMASEK FULLERTON ALPHA PTE RMB ordinary
15,690,099 15,690,099
LTD shares
RMB ordinary
Shen Guoying 12,240,000 12,240,000
shares
PICC Life Insurance Company Limited－ RMB ordinary
7,301,114 7,301,114
Dividend - Individual Insurance Dividend shares
RMB ordinary
Hangzhou Jinchuang Investment Co., Ltd. 6,640,085 6,640,085
shares
PICC Property and Casualty Company
RMB ordinary
Limited－Traditional - General Insurance 6,382,713 6,382,713
shares
Products
RMB ordinary
Hangzhou Yinchuang Investment Co., Ltd. 6,318,000 6,318,000
shares
CITIC Securities Co., Ltd - Social Security RMB ordinary
5,989,930 5,989,930
Fund 1106 Portfolio shares
PICC Life Insurance Company Limited－ RMB ordinary
5,814,597 5,814,597
Traditional - General Insurance Products shares
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Q3 2022 Report of Hangzhou Robam Appliances Co., Ltd.
Mr. Ren Jianhua is the actual controller of the controlling shareholder
Hangzhou Robam Industrial Group Co., Ltd. and the shareholder Hangzhou
Description of the associated relationship or
Jinchuang Investment Co., Ltd.; and the natural person shareholder, Shen
consistent actions of the above shareholders
Guoying, is his wife. Therefore, there is a possibility that these
shareholders will act in concert.
(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, 2022
In RMB
Item September 30, 2022 January 1, 2022
Current assets:
Monetary capital 4,411,289,816.16 3,802,201,346.55
Deposit reservation for balance
Lendings to banks and other financial
institutions
Financial assets held for trading 2,679,960,000.00 2,872,312,500.00
Derivative financial assets
Notes receivable 791,814,506.69 1,330,193,894.82
Accounts receivable 1,875,849,677.88 1,597,692,860.90
Accounts receivable financing
Prepayments 193,089,646.51 131,162,030.95
Receivable premium
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 83,015,180.45 73,487,381.46
Including: Interests receivable
Dividends receivable
Redemptory monetary capital for sale
Inventory 1,632,574,306.96 1,772,231,632.25
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 3,480,070.93 4,110,429.16
Total current assets 11,671,073,205.58 11,583,392,076.09
Non-current assets:
Loans and advances
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Q3 2022 Report of Hangzhou Robam Appliances Co., Ltd.
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 6,496,917.82 5,405,129.91
Investment in other equity instruments 2,116,023.22 2,116,023.22
Other non-current financial assets
Investment real estate 51,212,047.26 11,085,896.07
Fixed assets 1,336,617,833.24 1,179,306,020.01
Projects under construction 567,324,203.29 454,643,364.82
Productive biological assets
Oil and gas assets
Right-of-use assets 23,656,046.31 29,902,954.22
Intangible assets 223,014,127.81 229,391,803.26
Development expenses
Goodwill 80,589,565.84 80,589,565.84
Long-term deferred expenses 5,226,421.90 5,385,436.20
Deferred income tax assets 334,340,529.77 286,348,037.04
Other non-current assets 97,993,213.33 38,468,874.44
Total non-current assets 2,728,586,929.79 2,322,643,105.03
Total assets 14,399,660,135.37 13,906,035,181.12
Current liabilities:
Short-term loans 66,140,464.48 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 payable 800,307,846.19 962,665,463.99
Accounts payable 2,250,346,882.10 2,181,900,261.00
Advance receipts
Contract liabilities 860,905,500.04 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
Payroll payable 72,400,044.92 165,177,425.08
Taxes payable 273,291,844.65 212,202,393.54
Other payables 270,923,054.62 267,781,215.06
Including: Interests payable
Dividends payable
Fees and commissions payable
Dividends payable for reinsurance
Liabilities held for sale
Non-current liabilities due within one
5,183,639.41 5,387,591.43
year
Other current liabilities 111,842,706.15 124,284,081.56
Total current liabilities 4,711,341,982.56 4,975,797,489.42
Non-current liabilities:
Reserves for insurance contracts
Long-term loans
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities 20,196,019.79 26,177,034.29
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Q3 2022 Report of Hangzhou Robam Appliances Co., Ltd.
Long-term accounts payable
Long-term payroll payable
Estimated liabilities
Deferred income 123,193,962.13 131,747,378.42
Deferred income tax liabilities 9,356,188.87 6,254,762.76
Other non-current liabilities
Total non-current liabilities 152,746,170.79 164,179,175.47
Total liabilities 4,864,088,153.35 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 412,491,991.47 404,918,098.15
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 7,860,203,849.71 7,098,721,555.37
Total owners’ equity attributable to
9,396,082,926.93 8,627,026,739.27
parent company
Minority interests 139,489,055.09 139,031,776.96
Total owner’s equity 9,535,571,982.02 8,766,058,516.23
Total liabilities and owners’ equity 14,399,660,135.37 13,906,035,181.12
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 7,236,962,805.27 7,070,851,819.18
Including: Operating income 7,236,962,805.27 7,070,851,819.18
Interest income
Earned premium
Fee and commission income
II. Total operating costs 5,965,479,924.57 5,554,983,345.32
Including: Operating costs 3,573,210,065.74 3,210,473,182.28
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 42,859,193.20 50,227,331.81
Selling expenses 1,915,765,604.19 1,934,679,096.44
Overhead costs 294,475,343.69 241,171,206.79
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Q3 2022 Report of Hangzhou Robam Appliances Co., Ltd.
R&D expenses 262,231,594.46 232,277,748.19
Financial expenses -123,061,876.71 -113,845,220.19
Including: Interest expenses 1,864,718.80 2,864,994.32
Interest income 117,507,053.77 118,558,363.39
Add: other incomes 118,257,023.22 63,739,955.94
Investment income (“-” for
51,502,591.29 60,694,501.06
losses)
Including: Income from
investment in joint ventures and -3,048,212.09 1,325,050.76
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
-12,024,378.87 -43,868,939.26
(“-” for losses)
Losses from asset impairment
24,056,013.60
(“-” for losses)
Gains on disposal of assets (“-”
-90,580.30 -1,917,639.76
for losses)
III. Operating profits (“-” for losses) 1,453,183,549.64 1,594,516,351.84
Add: non-operating income 2,827,736.31 1,545,434.70
Less: non-operating expenditure 1,949,873.23 1,806,988.33
IV. Total profits (“-” for total losses) 1,454,061,412.72 1,594,254,798.21
Less: income tax expenses 221,274,382.25 236,336,437.30
V. Net profits (“-” for net losses) 1,232,787,030.47 1,357,918,360.91
(I) By operational sustainability
1. Net profits from continuing
1,232,787,030.47 1,357,918,360.91
operations (“-” for net losses)
2. Net profits from discontinued
operations (“-” for net losses)
(II) By ownership
1. Net profits attributable to the
shareholders of parent company (“-” for 1,233,529,752.34 1,342,461,093.93
net losses)
2. Minority shareholders' gains and
-742,721.87 15,457,266.98
losses (“-” for net 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 to gains or
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Q3 2022 Report of Hangzhou Robam Appliances Co., Ltd.
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 investments
3. Amount of financial assets
reclassified into other comprehensive
income
4. Provision for credit impairment
of other debt investments
5. Cash flow hedge reserve
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 1,232,787,030.47 1,357,918,360.91
(I) Total comprehensive income
attributable to the owners of parent 1,233,529,752.34 1,342,461,093.93
company
(II) Total comprehensive income
-742,721.87 15,457,266.98
attributable to minority shareholders
VIII. Earnings per share (EPS):
(I) Basic EPS 1.30 1.42
(II) Diluted EPS 1.30 1.42
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
8,031,812,929.93 7,324,508,658.96
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
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Q3 2022 Report of Hangzhou Robam Appliances Co., Ltd.
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 38,162,435.78 10,979,888.36
Cash received related to other
265,142,174.84 201,223,220.26
operating activities
Subtotal of cash inflow from the
8,335,117,540.55 7,536,711,767.58
operating activities
Cash paid for purchased products and
3,938,478,765.23 3,622,856,682.21
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
735,694,008.12 845,300,418.79
employees
Cash paid for taxes 629,048,914.31 416,514,502.07
Cash paid related to other operating
1,854,665,146.35 1,450,115,667.31
activities
Subtotal of cash outflow from operating
7,157,886,834.01 6,334,787,270.38
activities
Net cash flow from operating activities 1,177,230,706.54 1,201,924,497.20
II. Cash flow from investing activities:
Cash received from return of
1,617,712,500.00 1,915,000,000.00
investments
Cash received from return on
55,713,731.22 60,399,512.45
investments
Net cash received from the disposal of
fixed assets, intangible assets and other 1,031,370.40 2,553,081.90
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 investment
1,674,457,601.62 1,977,952,594.35
activities
Cash paid for purchase and
386,052,885.51 279,588,832.92
construction of fixed assets, intangible
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Q3 2022 Report of Hangzhou Robam Appliances Co., Ltd.
assets and other long-term assets
Cash paid for investments 1,429,500,000.00 1,662,000,000.00
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 investment
1,815,552,885.51 1,941,588,832.92
activities
Net cash flow from investment activities -141,095,283.89 36,363,761.43
III. Cash flow from financing activities:
Cash from acquiring investments 11,000,000.00 850,000.00
Including: Cash received by
subsidiaries from investments of 11,000,000.00 850,000.00
minority shareholders
Cash from acquiring debts 66,000,000.00
Other cashes received in relation to
1,012,732.06 8,068,758.07
financing activities
Subtotal of cash inflow from financing
78,012,732.06 8,918,758.07
activities
Cash paid for repayments of debts 23,500,000.00
Cash paid for distribution of
481,842,468.46 495,485,158.00
dividends, profits or interest expenses
Including: Dividends or profits paid
9,555,200.00
by subsidiaries to minority shareholders
Other cashes paid in relation to
9,152,571.47 199,995,742.59
financing activities
Subtotal of cash outflow from financing
514,495,039.93 695,480,900.59
activities
Net cash flow from financing activities -436,482,307.87 -686,562,142.52
IV. Effect of change in exchange rate on
6,795,553.67 -101,137.11
cash and cash equivalents
V. Net increase in cash and cash
606,448,668.45 551,624,979.00
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
4,326,437,488.80 4,437,721,492.56
equivalents
(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 25, 2022
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