Q3 Report 2024 of Hangzhou Robam Appliances Co., Ltd.
Stock code: 002508 Stock name: Robam Appliances Announcement No.: 2024-065
Hangzhou Robam Appliances Co., Ltd.
Q3 2024 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 Report 2024 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 YoY change
the reporting period
Operating Income
2,666,415,701.28 -11.07% 7,395,769,773.08 -6.78%
(RMB)
Net profit attributable
to shareholders of the 442,820,994.37 -18.49% 1,202,179,949.11 -12.44%
listed company (RMB)
Net profit attributable
to shareholders of the
listed company after
416,751,314.41 -22.34% 1,074,509,592.29 -16.27%
deducting non-
recurring gains/losses
(RMB)
Net cash flow from
operating activities — — 525,768,857.38 -62.30%
(RMB)
Basic earnings per
share (EPS) 0.47 -18.07% 1.27 -12.41%
(RMB/share)
Diluted EPS
0.47 -18.07% 1.27 -12.41%
(RMB/share)
Weighted average
4.01% A decrease of 1.23% 11.01% A decrease of 2.44%
return on net assets
End of the reporting
End of last year Change
period
Total assets (RMB) 15,811,645,443.39 16,779,531,315.72 -5.77%
Owner's equity
attributable to
10,800,542,004.48 10,522,938,731.68 2.64%
shareholders of the
listed company (RMB)
(II) Items and Amounts of Non-recurring Gains and Losses
Applicable □Not applicable
In RMB
Amount from the beginning
Amount for the current
Item of the year to the end of the Description
reporting period
reporting period
Gains and losses on disposal
of non-current assets
(including the written-off -1,563,822.48 -2,326,587.21
part of the provision for asset
impairment accrued)
Government subsidies
10,037,822.62 57,436,043.17
included in current gains and
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Q3 Report 2024 of Hangzhou Robam Appliances Co., Ltd.
losses (excluding government
subsidies closely related to
the Company's normal
business, in line with national
policy, enjoyed according to
established standards, and
having a sustained impact on
the Company's gains and
losses).
Reversal of impairment
provision for accounts
27,334,228.58 104,094,655.48
receivable tested for
impairment separately
Other gain/loss items
conforming to the definition -4,707,590.18 -6,912,672.47
of non-recurring gains/losses
Less: Affected amount of
4,632,991.02 23,049,171.27
income tax
Affected amount of
minority shareholders’ equity 397,967.56 1,571,910.88
(after tax)
Total 26,069,679.96 127,670,356.82 --
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 Profits and Losses (referred to
as “Announcement No.1”) are defined as recurring profits and losses
Applicable □Not applicable
Item Amount (in RMB) Reasons
VAT exemption, reduction or refund 46,295,809.64 National tax policy, regular business
Refund of individual income tax
582,923.47 National tax policy, regular business
handling fee
(III) Changes in Major Accounting Data and Financial Indicators and Their Reasons
Applicable □ Not applicable In RMB
Balance sheet items September 30, 2024 January 01, 2024 Percentage Reason for change
of change
Cash and cash Mainly due to the increase in bank
1,187,511,979.38 1,985,050,745.11 -40.18%
equivalents finance.
Mainly due to the conversion of some
Financial assets held
1,505,004,112.33 2,730,000,000.00 -44.87% short-term financial investments to
for trading
long-term financial investments.
Mainly due to the increase in
Prepayments 188,466,191.58 139,713,471.58 34.89%
prepayments for materials.
Mainly due to the decrease in trading
Other current assets 1,581,587,487.51 2,647,808,620.70 -40.27%
financial assets.
Mainly due to operating losses of
Long-term equity
4,449,676.77 8,427,450.24 -47.20% associated and joint venture
investment
companies.
Long-term prepaid Mainly due to the decrease in the
2,726,098.85 5,034,659.37 -45.85%
expenses balance after periodic amortization.
Other non-current 4,063,506,755.93 1,922,329,328.65 111.38% Mainly due to the conversion of some
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Q3 Report 2024 of Hangzhou Robam Appliances Co., Ltd.
assets short-term financial investments to
long-term financial investments.
Mainly due to the payment of
Payroll payable 41,037,458.88 177,923,042.01 -76.94% employee salaries and bonuses at the
end of the previous year.
Mainly due to the completion of
Other payables 285,970,379.60 755,964,919.76 -62.17%
dividend payments.
Non-current liabilities Mainly due to the increase in lease
10,836,551.02 4,522,658.42 139.61%
due within one year liabilities maturing within one year.
Mainly due to the decrease resulting
Lease liabilities 1,167,955.38 10,750,792.90 -89.14%
from the expiration of property leases.
Mainly due to the repurchase and
Capital reserve 236,346,741.98 411,778,214.22 -42.60%
cancellation of treasury shares.
From the beginning of
Income statement The same period last Percentage
the year to the end of Reason for change
items year of change
the reporting period
Mainly due to the decrease in loan
Interest expenses 2,541,064.67 4,604,050.66 -44.81%
interest payments.
Mainly due to the increase in returns
Investment income 67,413,198.19 34,689,912.04 94.33%
from matured financial investments.
Loss from credit Mainly due to the increase in the
-9,908,601.43 42,031,011.45 -123.57%
impairment provision for bad debts.
Loss from assets Mainly due to the decrease in the
1,930,820.03 8,547,180.72 -77.41%
impairment provision for inventory write-downs.
Mainly due to the increase in losses
Gains on asset
-2,325,065.84 -1,683,400.02 38.12% from the sale of mortgaged properties
disposals
for projects.
Mainly due to the decrease in other
Non-operating income 847,605.05 3,890,738.08 -78.21%
income.
Total comprehensive
Mainly due to increased losses of
income attributable to -16,507,785.91 -11,061,832.50 49.23%
subsidiaries.
minority shareholders
From the beginning of
Cash flow statement The same period last Percentage
the year to the end of Reason for change
items year of change
the reporting period
Mainly due to the decrease in
Net cash flow from
525,768,857.38 1,394,577,576.86 -62.30% payment collection and the increase in
operating activities
payments to suppliers.
Net cash flow from Mainly due to the recovery of
97,017,348.45 -624,301,350.06 -115.54%
investment activities matured financial investments.
Net cash flow from Mainly due to the increase in dividend
-1,426,212,996.85 -430,024,891.02 231.66%
financing activities payments.
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 Total number of preferred shareholders with the
shareholders at the end of the 55,834 voting rights recovered at the end of reporting period 0
reporting period (if any)
Shareholdings of the top 10 shareholders (excluding shares lent through refinancing)
Number of Pledged, marked or frozen shares
Name of Nature of Shareholding Number of shares subject
shareholder shareholder ratio shares to sales Status Quantity
restrictions
Hangzhou Domestic non-
Robam state-own ed 49.94% 471,510,000 0 Not Applicable 0
Industrial corporation
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Q3 Report 2024 of Hangzhou Robam Appliances Co., Ltd.
Group Co., Ltd.
Hong Kong
Securities
Overseas
Clearing 10.16% 95,912,736 0 Not Applicable 0
corporation
Company
Limited
Domestic
Shen Guoying 1.30% 12,240,000 0 Not Applicable 0
natural person
TEMASEK
FULLERTON Overseas
1.05% 9,950,061 0 Not Applicable 0
ALPHA PTE corporation
LTD
413 Portfolio of
National Social Others 0.93% 8,816,586 0 Not Applicable 0
Security Fund
Agricultural
Bank of China
Co., Ltd. - CSI Others 0.92% 8,649,700 0 Not Applicable 0
500 Exchange
Traded Fund
Schroder
Investment
Management
(Hong Kong)
Limited -
Others 0.87% 8,202,175 0 Not Applicable 0
Schroder
Global Equity
Fund China A-
Shares
(Exchange)
406 Portfolio of
National Social Others 0.83% 7,829,500 0 Not Applicable 0
Security Fund
Hangzhou
Domestic non-
Jinchuang
state-own ed 0.70% 6,640,085 0 Not Applicable 0
Investment Co.,
corporation
Ltd.
Hangzhou
Domestic non-
Yinchuang
state-own ed 0.67% 6,318,000 0 Not Applicable 0
Investment Co.,
corporation
Ltd.
Shareholdings of the top 10 shareholders not subject to sales restrictions (excluding shares lent through refinancing and executive
locked shares)
Type of share and number of
Name of shareholder Number of shares not subject to sales restrictions shares
Type of share Quantity
Hangzhou Robam Industrial RMB ordinary
471,510,000 471,510,000
Group Co., Ltd. shares
Hong Kong Securities Clearing RMB ordinary
95,912,736 95,912,736
Company Limited shares
RMB ordinary
Shen Guoying 12,240,000 12,240,000
shares
TEMASEK FULLERTON RMB ordinary
9,950,061 9,950,061
ALPHA PTE LTD shares
413 Portfolio of National Social RMB ordinary
8,816,586 8,816,586
Security Fund shares
Agricultural Bank of China Co., 8,649,700 RMB ordinary 8,649,700
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Q3 Report 2024 of Hangzhou Robam Appliances Co., Ltd.
Ltd. - CSI 500 Exchange Traded shares
Fund
Schroder Investment Management
(Hong Kong) Limited - Schroder RMB ordinary
8,202,175 8,202,175
Global Equity Fund China A- shares
Shares (Exchange)
406 Portfolio of National Social RMB ordinary
7,829,500 7,829,500
Security Fund shares
Hangzhou Jinchuang Investment RMB ordinary
6,640,085 6,640,085
Co., Ltd. shares
Hangzhou Yinchuang Investment RMB ordinary
6,318,000 6,318,000
Co., Ltd. shares
Mr. Ren Jianhua is the actual controller of the controlling shareholder of
the Company - Hangzhou Robam Industrial Group Co., Ltd., and the
Description of the associated relationship or
shareholder of the Company - Hangzhou Jinchuang Investment Co., Ltd.;
consistent actions of the above shareholders
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
None
securities margin trading (if any)
Shares lending through refinancing involving shareholders holding more than 5% of the shares, the top 10 shareholders, and the
top 10 shareholders of unrestricted circulating shares
□Applicable Not applicable
Compared to the previous period, the change is due to the top 10 shareholders and the top 10 unrestricted circulating shareholders
lending/returning shares for refinancing purposes.
□Applicable Not 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, 2024
In RMB
Item Ending balance Beginning balance
Current assets:
Cash and cash equivalents 1,187,511,979.38 1,985,050,745.11
Deposit reservation for balance
Lendings to banks and other financial
institutions
Financial assets held for trading 1,505,004,112.33 2,730,000,000.00
Derivative financial assets
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Q3 Report 2024 of Hangzhou Robam Appliances Co., Ltd.
Notes receivable 660,771,403.83 696,284,931.64
Accounts receivable 1,855,011,205.94 1,810,015,596.33
Accounts receivable financing
Prepayments 188,466,191.58 139,713,471.58
Receivable premium
Reinsurance accounts receivable
Reinsurance contract reserves
receivable
Other receivables 68,915,679.88 53,368,667.34
Inc: Interests receivable
Dividends receivable
Redemptory monetary capital for sale
Inventory 1,349,677,443.38 1,524,274,720.24
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 1,581,587,487.51 2,647,808,620.70
Total current assets 8,396,945,503.83 11,586,516,752.94
Non-current assets:
Loans and advances
Creditors investment
Other debt investment
Long-term account receivable
Long-term equity investment 4,449,676.77 8,427,450.24
Investment in other equity instruments 2,116,023.22 2,116,023.22
Other non-current financial assets 580,000,000.00 480,000,000.00
Investment properties 85,785,303.72 91,136,832.31
Fixed assets 1,638,741,222.27 1,720,724,257.46
Construction in process 420,935,341.30 359,768,699.68
Biological assets for production
Oil & gas assets
Right of use assets 9,827,974.23 13,802,458.98
Intangible assets 211,698,545.64 214,553,739.31
Including: Data resources
Development expenditure
Including: Data resources
Goodwill 12,223,271.67 12,223,271.67
Long-term prepaid expenses 2,726,098.85 5,034,659.37
Deferred income tax assets: 382,689,725.96 362,897,841.89
Other non-current assets 4,063,506,755.93 1,922,329,328.65
Total non-current assets 7,414,699,939.56 5,193,014,562.78
Total assets 15,811,645,443.39 16,779,531,315.72
Current liabilities:
Short-term borrowings 91,028,415.27 95,003,320.70
Borrowings from the central bank
Borrowings from banks and other
financial institutions
Financial liabilities held for trading
Derivative financial liabilities
Notes payables 957,292,366.65 1,098,720,000.58
Accounts payable 2,276,240,394.54 2,548,743,762.06
Advance receipts
Contract liabilities 807,896,234.74 1,019,942,923.58
Financial assets sold for repurchase
Deposits from customers and
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Q3 Report 2024 of Hangzhou Robam Appliances Co., Ltd.
interbank
Receivings from vicariously traded
securities
Receivings from vicariously traded
securities
Payroll payable 41,037,458.88 177,923,042.01
Taxes payable 200,464,714.09 154,365,676.80
Other payables 285,970,379.60 755,964,919.76
Inc: Interests payable
Dividends payable 472,047,458.00
Fees and commissions payable
Dividends payable for reinsurance
Liabilities held for sale
Non-current liabilities due within one
10,836,551.02 4,522,658.42
year
Other current liabilities 95,122,165.21 118,041,351.23
Total current liabilities 4,765,888,680.00 5,973,227,655.14
Non-current liabilities:
Reserves for insurance contracts
Long-term loans
Bonds payable
Inc: Preferred shares
Perpetual bonds
Lease liabilities 1,167,955.38 10,750,792.90
Long-term accounts payable
Long-term payroll payable
Estimated liabilities
Deferred income 120,001,869.66 136,538,254.74
Deferred income tax liabilities 32,895,403.53 28,418,565.01
Other non-current liabilities
Total non-current liabilities 154,065,228.57 175,707,612.65
Total liabilities 4,919,953,908.57 6,148,935,267.79
Owner’s equity:
Capital stock 944,129,516.00 949,024,050.00
Other equity instruments
Inc: Preferred shares
Perpetual bonds
Capital reserve 236,346,741.98 411,778,214.22
Less: treasury share 199,995,742.59
Other comprehensive income -100,292,930.82 -100,157,634.16
Special reserve
Surplus reserve 474,516,412.50 474,516,412.50
General risk reserves
Undistributed profits 9,245,842,264.82 8,987,773,431.71
Total owners’ equity attributable to the
10,800,542,004.48 10,522,938,731.68
parent company
Minority interests 91,149,530.34 107,657,316.25
Total owners’ equity 10,891,691,534.82 10,630,596,047.93
Total liabilities and owner’s equity 15,811,645,443.39 16,779,531,315.72
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 7,395,769,773.08 7,933,319,563.87
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Q3 Report 2024 of Hangzhou Robam Appliances Co., Ltd.
Inc: Operating income 7,395,769,773.08 7,933,319,563.87
Interest income
Earned premium
Fee and commission income
II. Total operating costs 6,146,967,386.74 6,498,916,320.12
Inc: Operating costs 3,665,988,049.74 3,805,533,766.69
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 56,000,589.33 53,213,630.60
Sales expenses 1,942,660,453.45 2,139,755,936.49
Administrative expenses 341,872,251.66 326,660,700.72
R&D expenses 276,355,597.58 279,326,363.45
Financial expenses -135,909,555.02 -105,574,077.83
Including: Interest expenses 2,541,064.67 4,604,050.66
Interest income 140,964,132.11 108,569,307.33
Add: other income 104,314,776.28 99,374,995.14
Investment income (“-” for
67,413,198.19 34,689,912.04
losses)
Including: Income from
investment in joint ventures and -3,680,047.24 -1,730,643.18
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
-9,908,601.43 42,031,011.45
(“-” for losses)
Losses from asset impairment (“-
1,930,820.03 8,547,180.72
” for losses)
Gains on disposal of assets (“-”
-2,325,065.84 -1,683,400.02
for losses)
III. Operating profits (“-” for losses) 1,410,227,513.57 1,617,362,943.08
Add: non-operating income 847,605.05 3,890,738.08
Less: non-operating expenditure 7,761,798.89 6,487,049.60
IV. Total profits (“-” for total losses) 1,403,313,319.73 1,614,766,631.56
Less: income tax expenses 217,608,806.01 252,847,427.81
V. Net profits (“-” for losses) 1,185,704,513.72 1,361,919,203.75
(I) By operational sustainability
1. Net profits from continuing 1,185,704,513.72 1,361,919,203.75
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Q3 Report 2024 of Hangzhou Robam Appliances Co., Ltd.
operations (“-” for net losses)
2. Net profits from discontinued
operations (“-” for net losses)
(II) By ownership
1. Net profit attributable to
shareholders of the parent company (“-” 1,202,179,949.11 1,372,981,036.25
for net losses)
2. Minority shareholders’ gains and
-16,475,435.39 -11,061,832.50
losses (“-” for net losses)
VI. After-tax net amount of other
-167,647.18
comprehensive income
After-tax net amount of other
comprehensive income attributable to the -135,296.66
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 -135,296.66
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. Cashflow hedge reserve
6. Converted difference in foreign
-135,296.66
currency statements
7. Others
After-tax net amount of other
comprehensive income attributable to -32,350.52
minority shareholders
VII. Total comprehensive income 1,185,536,866.54 1,361,919,203.75
(I) Total comprehensive income
attributable to the owners of the parent 1,202,044,652.45 1,372,981,036.25
company
(II) Total comprehensive income
-16,507,785.91 -11,061,832.50
attributable to minority shareholders
VIII. Earnings per share (EPS):
(I) Basic EPS 1.27 1.45
(II) Diluted EPS 1.27 1.45
In the case of merger of enterprises under the same control in the current period, the net profit realized by the merged party before
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Q3 Report 2024 of Hangzhou Robam Appliances Co., Ltd.
the merger is: RMB 0.00, and the net profit realized by the merged party in the previous period is: RMB 0.00.
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
7,903,750,434.12 8,497,222,426.53
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 27,319,712.52 30,246,149.17
Cash received relating to other
159,415,830.04 220,282,103.32
operating activities
Subtotal of cash inflow from operating
8,090,485,976.68 8,747,750,679.02
activities
Cash paid for purchased products and
4,048,517,085.76 3,904,549,806.71
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
837,585,263.59 781,249,979.73
employees
Cash paid for taxes 632,054,145.34 702,313,359.46
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Q3 Report 2024 of Hangzhou Robam Appliances Co., Ltd.
Cash paid related to other operating
2,046,560,624.61 1,965,059,956.26
activities
Subtotal of cash outflow from operating
7,564,717,119.30 7,353,173,102.16
activities
Net cash flow from operating activities 525,768,857.38 1,394,577,576.86
II. Cash flow from investment activities:
Cash received from return of
1,541,285,887.67 1,311,844,508.00
investments
Cash received from return on
71,392,261.71 36,813,951.62
investments
Net cash received from disposal of
fixed assets, intangible assets and other 499,866.54 385,481.33
long-term assets
Net cash received from disposal of
subsidiaries and other business entities
Cashes received related to other
3,217,561,206.77
investment activities
Subtotal of cash inflow from investment
4,830,739,222.69 1,349,043,940.95
activities
Cash paid for purchase and
construction of fixed assets, intangible 183,507,049.24 261,045,291.01
assets and other long-term assets
Cash paid to investments 416,290,525.00 1,712,300,000.00
Net increase in pledged loans
Net cash from subsidiaries and other
operating entities
Cash paid related to other investment
4,133,924,300.00
activities
Subtotal of cash outflow from investment
4,733,721,874.24 1,973,345,291.01
activities
Net cash flow from investment activities 97,017,348.45 -624,301,350.06
III. Cash flow from financing activities:
Cash from acquiring investments 680,724.00
Including: Cash received by
subsidiaries from investments of
minority shareholders
Cash from acquiring debts 83,812,523.35 77,000,000.00
Other cashes received in relation to
500,000.00 13,510,296.65
financing activities
Subtotal of cash inflow from financing
84,993,247.35 90,510,296.65
activities
Cash paid for repayments of debts 81,000,000.00 43,500,000.00
Cash paid for distribution of
1,418,297,004.58 472,051,329.00
dividends, profits or interest expenses
Including: Dividends or profits paid
by subsidiaries to minority shareholders
Other cashes paid in relation to
11,909,239.62 4,983,858.67
financing activities
Subtotal of cash outflow from financing
1,511,206,244.20 520,535,187.67
activities
Net cash flow from financing activities -1,426,212,996.85 -430,024,891.02
IV. Effect of change in exchange rate on
-370,588.37 2,026,181.05
cash and cash equivalents
V. Net increase in cash and cash
-803,797,379.39 342,277,516.83
equivalents
Plus: Opening balance of cash and 1,878,166,358.09 5,196,414,341.74
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Q3 Report 2024 of Hangzhou Robam Appliances Co., Ltd.
cash equivalents
VI. Closing balance of cash and cash
1,074,368,978.70 5,538,691,858.57
equivalents
(II) Relevant financial statement items at the beginning of 2024 when the adjustments
stipulated in the new accounting standards apply for the first time
□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 28, 2024
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