Q3 2023 Report of Hangzhou Robam Appliances Co., Ltd.
Stock code: 002508 Stock name: Robam Appliances Announcement No.: 2023-049
Hangzhou Robam Appliances Co., Ltd.
Q3 2023 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
1
Q3 2023 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 (RM B) 2,998,449,763.72 7.37% 7,933,319,563.87 9.62%
Net profit attributable to
shareholders of the listed 543,262,685.56 6.53% 1,372,981,036.25 11.31%
company (RM B)
Net profit attributable to
shareholders of the listed
company after deducting 536,650,325.70 8.07% 1,283,342,303.07 13.33%
non-recurring gains/losses
(RM B)
Net cash flow from
— — 1,394,577,576.86 18.46%
operating activities (RM B)
Basic earnings per share
0.58 7.41% 1.45 11.54%
(EPS) (RM B/share)
Diluted EPS (RM B/share) 0.58 7.41% 1.45 11.54%
Weighted average return Reduced by 0.34 per Reduced by 0.13 perc
5.24% 13.45%
on net assets centage point entage point
End of the reporting
End of last year Change
period
Total assets (RM B) 15,960,765,016.17 15,039,825,287.53 6.12%
Owner's equity attributable
to shareholders of listed 10,642,489,301.75 9,732,463,766.91 9.35%
company (RM B)
(II) Items and Amounts of Non-recurring Gains and Losses
Applicable □ Not Applicable
In RM B
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
-1,107,091.61 -1,684,073.97
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
8,895,975.40 69,417,181.51
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
4,309,824.22 42,866,465.36
receivable
Other non-operating revenues and expenses except the above items -3,949,986.53 -2,595,637.57
Less: Affected amount of income tax 1,270,786.03 16,794,996.63
Affected amount of minority shareholders’ equity (after tax) 265,575.58 1,570,205.52
Total 6,612,359.87 89,638,733.18 --
2
Q3 2023 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
Item Amount involved (in RM B) Description
VAT exemption and refund 29,273,458.72 National tax policies, regular operations
Personal income tax procedure fee
684,354.91 National tax policies, regular operation
reimbursement
Total 29,957,813.63 —
(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 23.70% as compared with that at the beginning of the year, mainly due to
the increase in the prepayments for the purchase of raw materials.
At the end of the reporting period, other receivables decreased by 28.91% as compared with that at the beginning of the year, mainly
due to the decrease in third-party collection payments.
At the end of the reporting period, long-term equity investment decreased by 23.84% as compared with that at the beginning of the
year, mainly due to the investment losses in joint ventures and affiliated enterprises.
At the end of the reporting period, investment in real estate increased by 67.43% as compared with that at the beginning of the year,
mainly due to the increase in the leased factory buildings used by the subsidiary Kinde.
At the end of the reporting period, right-of-use assets decreased by 31.59% and lease liabilities decreased by 25.96% as compared with
that at the beginning of the year, mainly due to the complete payment of lease expenses for the current period.
At the end of the reporting period, short-term loans increased by 90.73% 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, taxes payable increased by 49.47% as compared with that at the beginning of the year, mainly due
to the increase in the income tax and value-added tax.
At the end of the reporting period, the payroll payable decreased by 42.50% 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.
3
Q3 2023 Report of Hangzhou Robam Appliances Co., Ltd.
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 preferred shareholders with the voting
Total number of common shareholders at
46,650 rights recovered at the end of reporting period (if 0
the end of the reporting period
applicable)
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
Domestic
Hangzhou Robam
non-state-
Industrial Group Co., 49.68% 471,510,000
owned
Ltd.
corporation
Hong Kong Securities
Overseas
Clearing Company 8.03% 76,228,134
corporation
Limited
TEM ASEK
Overseas
FULLERTON ALPHA 1.81% 17,208,661
corporation
PTE LTD
Domestic
Shen Guoying 1.29% 12,240,000
natural person
National Social Security
Others 1.01% 9,631,700
Fund 413 Portfolio
Domestic
Hangzhou Jinchuang non-state-
0.70% 6,640,085
Investment Co., Ltd. owned
corporation
Domestic
Hangzhou Yinchuang non-state-
0.67% 6,318,000
Investment Co., Ltd. owned
corporation
Domestic
Ren Jianhua 0.62% 5,923,150 4,442,362
natural person
ICBC Limited - Penghua
Quality Preferred M ixed
Others 0.61% 5,787,141
Securities Investment
Fund
CITIC Securities Co.,
Ltd. - Social Security Others 0.59% 5,565,600
Fund 1106 Portfolio
Shareholdings of the top 10 shareholders not subject to sales restrictions
Number of shares held not subject to sales Type and number of share
Name of shareholder
restrictions Type of share Number
Hangzhou Robam Industrial Group Co., RM B ordinary
471,510,000 471,510,000
Ltd. shares
Hong Kong Securities Clearing Company RM B ordinary
76,228,134 76,228,134
Limited shares
TEM ASEK FULLERTON ALPHA PTE RM B ordinary
17,208,661 17,208,661
LTD shares
Shen Guoying 12,240,000 RM B ordinary 12,240,000
4
Q3 2023 Report of Hangzhou Robam Appliances Co., Ltd.
shares
National Social Security Fund 413 RM B ordinary
9,631,700 9,631,700
Portfolio shares
RM B ordinary
Hangzhou Jinchuang Investment Co., Ltd. 6,640,085 6,640,085
shares
RM B ordinary
Hangzhou Yinchuang Investment Co., Ltd. 6,318,000 6,318,000
shares
ICBC Limited - Penghua Quality Preferred RM B ordinary
5,787,141 5,787,141
M ixed Securities Investment Fund shares
CITIC Securities Co., Ltd - Social Security RM B ordinary
5,565,600 5,565,600
Fund 1106 Portfolio shares
PICC Life Insurance Company Limited－ RM B ordinary
5,517,000 5,517,000
Traditional - General Insurance Products shares
M r. 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.
Explanation of the participation of the top 10
shareholders in margin trading and securities lending None
business (if applicable)
(II) Total Number of the Company’s Preferred Shareholders and Shareholding of the Top 10 Preferred
Shareholders
□ Applicable Not Applicable
III. Other Significant Matters
□ Applicable Not Applicable
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated balance sheet
Prepared by: Hangzhou Robam Appliances Co., Ltd.
September 30, 2023
In RM B
Item September 30, 2023 January 1, 2023
Current assets:
M onetary capital 5,642,064,274.64 5,292,762,670.94
Deposit reservation for balance
Lendings to banks and other financial
institutions
Financial assets held for trading 2,912,300,000.00 2,511,844,508.00
Derivative financial assets
Notes receivable 976,100,459.51 881,773,341.71
Accounts receivable 1,776,786,307.72 1,689,606,828.94
Accounts receivable financing
5
Q3 2023 Report of Hangzhou Robam Appliances Co., Ltd.
Prepayments 219,566,641.35 177,500,353.37
Receivable premium
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 57,174,064.02 80,429,057.84
Including: Interests receivable
Dividends receivable
Redemptory monetary capital for sale
Inventory 1,498,601,688.34 1,610,110,798.10
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 5,149,600.87 334,348.76
Total current assets 13,087,743,036.45 12,244,361,907.66
Non-current assets:
Loans and advances
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 6,640,313.46 8,718,505.62
Investment in other equity instruments 2,116,023.22 2,116,023.22
Other non-current financial assets
Investment real estate 93,572,954.80 55,887,198.54
Fixed assets 1,705,906,480.01 1,622,235,227.74
Projects under construction 338,469,136.68 406,258,146.69
Productive biological assets
Oil and gas assets
Right-of-use assets 15,201,552.42 22,220,144.13
Intangible assets 216,421,436.91 221,356,558.38
Development expenses
Goodwill 60,573,832.56 60,573,832.56
Long-term deferred expenses 4,692,411.08 5,852,899.90
Deferred income tax assets 364,128,817.48 340,811,345.96
Other non-current assets 65,299,021.10 49,433,497.13
Total non-current assets 2,873,021,979.72 2,795,463,379.87
Total assets 15,960,765,016.17 15,039,825,287.53
Current liabilities:
Short-term loans 98,653,320.70 51,723,429.99
Borrowings from the central bank
Borrowings from banks and other
financial institutions
Financial liabilities held for trading
Derivative financial liabilities
Notes payable 907,242,903.32 872,550,306.86
Accounts payable 2,495,008,240.97 2,418,755,167.31
Advance receipts
Contract liabilities 828,417,020.81 959,915,567.03
Financial assets sold for repurchase
Deposits from customers and
interbank
Receivings from vicariously traded
securities
Receivings from vicariously sold
securities
Payroll payable 88,513,285.42 153,942,329.88
Taxes payable 227,716,523.00 152,351,620.58
Other payables 298,195,613.39 281,878,208.25
6
Q3 2023 Report of Hangzhou Robam Appliances Co., Ltd.
Including: Interests payable
Dividends payable
Fees and commissions payable
Dividends payable for reinsurance
Liabilities held for sale
Non-current liabilities due within one
3,230,865.88 5,720,175.21
year
Other current liabilities 107,666,725.12 120,126,501.73
Total current liabilities 5,054,644,498.61 5,016,963,306.84
Non-current liabilities:
Reserves for insurance contracts
Long-term loans
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities 13,764,004.53 18,588,966.67
Long-term accounts payable
Long-term payroll payable
Estimated liabilities
Deferred income 113,923,958.56 123,912,110.43
Deferred income tax liabilities 21,215,883.12 22,107,934.58
Other non-current liabilities
Total non-current liabilities 148,903,846.21 164,609,011.68
Total liabilities 5,203,548,344.82 5,181,572,318.52
Owner’s equity:
Capital stock 949,024,050.00 949,024,050.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 419,089,622.17 409,997,665.58
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 9,100,012,593.83 8,199,079,015.58
Total owners’ equity attributable to
10,642,489,301.75 9,732,463,766.91
parent company
M inority interests 114,727,369.60 125,789,202.10
Total owner’s equity 10,757,216,671.35 9,858,252,969.01
Total liabilities and owners’ equity 15,960,765,016.17 15,039,825,287.53
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 RM B
Item Amount of the current period Amount of the previous period
I. Total operating income 7,933,319,563.87 7,236,962,805.27
Including: Operating income 7,933,319,563.87 7,236,962,805.27
Interest income
Earned premium
Fee and commission income
II. Total operating costs 6,498,916,320.12 5,965,479,924.57
7
Q3 2023 Report of Hangzhou Robam Appliances Co., Ltd.
Including: Operating costs 3,805,533,766.69 3,573,210,065.74
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 53,213,630.60 42,859,193.20
Selling expenses 2,139,755,936.49 1,915,765,604.19
Overhead costs 326,660,700.72 294,475,343.69
R&D expenses 279,326,363.45 262,231,594.46
Financial expenses -105,574,077.83 -123,061,876.71
Including: Interest expenses 4,604,050.66 1,864,718.80
Interest income 108,569,307.33 117,507,053.77
Add: other incomes 99,374,995.14 118,257,023.22
Investment income (“-” for
34,689,912.04 51,502,591.29
losses)
Including: Income from
investment in joint ventures and -1,730,643.18 -3,048,212.09
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
42,031,011.45 -12,024,378.87
(“-” for losses)
Losses from asset impairment
8,547,180.72 24,056,013.60
(“-” for losses)
Gains on disposal of assets (“-”
-1,683,400.02 -90,580.30
for losses)
III. Operating profits (“-” for losses) 1,617,362,943.08 1,453,183,549.64
Add: non-operating income 3,890,738.08 2,827,736.31
Less: non-operating expenditure 6,487,049.60 1,949,873.23
IV Total profits (“-” for total losses) 1,614,766,631.56 1,454,061,412.72
Less: income tax expenses 252,847,427.81 221,274,382.25
V. Net profits (“-” for net losses) 1,361,919,203.75 1,232,787,030.47
(I) By operational sustainability
1. Net profits from continuing
1,361,919,203.75 1,232,787,030.47
operations (“-” for net losses)
2. Net profits from discontinued
operations (“-” for net losses)
(II) By ownership
1. Net profits attributable to the 1,372,981,036.25 1,233,529,752.34
8
Q3 2023 Report of Hangzhou Robam Appliances Co., Ltd.
shareholders of parent company (“-” for
net losses)
2. M inority shareholders' gains and
-11,061,832.50 -742,721.87
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
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 1,361,919,203.75 1,232,787,030.47
(I) Total comprehensive income
attributable to the owners of parent 1,372,981,036.25 1,233,529,752.34
company
(II) Total comprehensive income
-11,061,832.50 -742,721.87
attributable to minority shareholders
VIII. Earnings per share (EPS):
(I) Basic EPS 1.45 1.30
(II) Diluted EPS 1.45 1.30
Legal representative: Ren Jianhua Person in charge of accounting: Zhang Guofu
Head of the accounting department: Zhang Guofu
9
Q3 2023 Report of Hangzhou Robam Appliances Co., Ltd.
3. Consolidated cash flow statement from the beginning of the year to the end of the reporting period
In RM B
Item Amount of the current period Amount of the previous period
I. Cash flow from operating activities:
Cash received for the sale of goods
8,497,222,426.53 8,031,812,929.93
and rendering of services
Net increase in clients’ deposits and
deposits from banks and other financial
institutions
Net increase in borrowings from the
central bank
Net increase in borrowings from
other financial institutions
Cash received from receiving
insurance premium of the original
insurance contract
Net cash from receiving reinsurance
premium
Net increase in deposits and
investment of insured persons
Cash received from interests, fees and
commissions
Net increase in borrowed funds
Net increase in repurchase business
funds
Net cash received from vicariously
traded securities
Refunds of taxes 30,246,149.17 38,162,435.78
Cash received related to other
220,282,103.32 265,142,174.84
operating activities
Subtotal of cash inflow from the
8,747,750,679.02 8,335,117,540.55
operating activities
Cash paid for purchased products and
3,904,549,806.71 3,938,478,765.23
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
781,249,979.73 735,694,008.12
employees
Cash paid for taxes 702,313,359.46 629,048,914.31
Cash paid related to other operating
1,965,059,956.26 1,854,665,146.35
activities
Subtotal of cash outflow from operating
7,353,173,102.16 7,157,886,834.01
activities
10
Q3 2023 Report of Hangzhou Robam Appliances Co., Ltd.
Net cash flow from operating activities 1,394,577,576.86 1,177,230,706.54
II. Cash flow from investing activities:
Cash received from return of
1,311,844,508.00 1,617,712,500.00
investments
Cash received from return on
36,813,951.62 55,713,731.22
investments
Net cash received from the disposal of
fixed assets, intangible assets and other 385,481.33 1,031,370.40
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
1,349,043,940.95 1,674,457,601.62
activities
Cash paid for purchase and
construction of fixed assets, intangible 261,045,291.01 386,052,885.51
assets and other long-term assets
Cash paid for investments 1,712,300,000.00 1,429,500,000.00
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
1,973,345,291.01 1,815,552,885.51
activities
Net cash flow from investment activities -624,301,350.06 -141,095,283.89
III. Cash flow from financing activities:
Cash from acquiring investments 11,000,000.00
Including: Cash received by
subsidiaries from investments of 11,000,000.00
minority shareholders
Cash from acquiring debts 77,000,000.00 66,000,000.00
Other cashes received in relation to
13,510,296.65 1,012,732.06
financing activities
Subtotal of cash inflow from financing
90,510,296.65 78,012,732.06
activities
Cash paid for repayments of debts 43,500,000.00 23,500,000.00
Cash paid for distribution of
472,051,329.00 481,842,468.46
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
4,983,858.67 9,152,571.47
financing activities
Subtotal of cash outflow from financing
520,535,187.67 514,495,039.93
activities
Net cash flow from financing activities -430,024,891.02 -436,482,307.87
IV Effect of change in exchange rate on
2,026,181.05 6,795,553.67
cash and cash equivalents
V Net increase in cash and cash
342,277,516.83 606,448,668.45
equivalents
Add: Opening balance of cash and
5,196,414,341.74 3,719,988,820.35
cash equivalents
VI. Closing balance of cash and cash
5,538,691,858.57 4,326,437,488.80
equivalents
11
Q3 2023 Report of Hangzhou Robam Appliances Co., Ltd.
(II) Adjustments Related to the First-Time Implementation of the New Accounting Standards in the
Financial Statements at the Beginning of the Year for the First Time from 2023
□ Applicable Not Applicable
(III) Audit Report
Whether the Q3 report has been audited？
□ Yes No
The Q3 report of the Company has not been audited.
Board of Directors of Hangzhou Robam Appliances Co., Ltd.
October 26, 2023
12
