Report for the First Quarter of 2015 of Wuxi Little Swan Company Limited
Wuxi Little Swan Company Limited
Report for the First Quarter of 2015
Apr. 2015
Report for the First Quarter of 2015 of Wuxi Little Swan Company Limited
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of
Wuxi Little Swan Company Limited (hereinafter referred to as “the Company”) warrant that the
information carried in this report is factual, accurate and complete, without any false record, misleading
statement or material omission. And they shall be jointly and severally liable for that.
Mr. Fang Hongbo, company principal, Mr. Sun Yunan, chief of the accounting work, and Mr. Zhong
Fangliu, chief of the accounting organ (chief of accounting), hereby confirm that the Financial Report
enclosed in this report is factual, accurate and complete.
All directors have attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two
versions, the Chinese version shall prevail.
Report for the First Quarter of 2015 of Wuxi Little Swan Company Limited
Section II. Financial Highlights & Change of Shareholders
I. Main accounting data and financial indicators
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
Jan.-Mar. 2015 Jan.-Mar. 2014 +/- (%)
Operating revenues (RMB Yuan) 3,293,972,545.08 2,576,160,088.43 27.86%
Net profit attributable to shareholders of
242,314,468.72 170,774,457.85 41.89%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 214,814,273.09 151,478,381.44 41.81%
losses (RMB Yuan)
Net cash flows from operating activities
394,282,134.54 271,964,312.53 44.98%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.38 0.27 40.74%
Diluted EPS (RMB Yuan/share) 0.38 0.27 40.74%
Weighted average ROE (%) 5.33% 4.28% 1.05%
31 Mar. 2015 31 Dec. 2014 +/- (%)
Total assets (RMB Yuan) 11,622,314,983.41 11,376,793,928.71 2.16%
Net assets attributable to shareholders of
4,672,579,250.04 4,427,982,112.33 5.52%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item Jan.-Mar. 2015 Explanation
Gain/loss on the disposal of non-current assets (including the offset part
-1,412,540.72
of the asset impairment provisions)
Government grants recognized in the current period, except for those
acquired in the ordinary course of business or granted at certain quotas or 3,700,689.75
amounts according to the government’s unified standards
Gain/loss on entrusting others with investments or asset management 30,726,398.10
Other gain and loss items that meet the definition of an extraordinary
2,700,989.95
gain/loss
Less: Income tax effects 5,357,330.56
Report for the First Quarter of 2015 of Wuxi Little Swan Company Limited
Minority interests effects (after tax) 2,858,010.89
Total 27,500,195.63 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
No such cases in the reporting period.
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. Total number of common shareholders at the period-end and shareholdings of top 10 common
shareholders
Unit: share
Total number of common
25,656
shareholders at the period-end
Shareholdings of top 10 common shareholders
Pledged or frozen
Number of
Shareholding Number of shares
Name of shareholder Nature of shareholder restricted
percentage (%) shares held Status of Number
shares held
shares of shares
Domestic
MIDEA GROUP CO., LTD. non-state-owned 37.78% 238,948,117
corporation
TITONI INVESTMENTS
Overseas corporation 14.89% 94,204,942
DEVELOPMENT LTD.
GAOLING FUND,L.P. Overseas corporation 4.23% 26,727,686
State-owned
FINANCE BUREAU OF WUXI 3.49% 22,057,657
corporation
Agricultural Bank of China Domestic
－ Bocom Schroeder Growth Stock non-state-owned 1.56% 9,865,754
Securities Investment Fund corporation
Domestic
NATIONAL SOCIAL SECURITY
non-state-owned 1.34% 8,500,000
FUND PORTFOLIO 102
corporation
China Ping’an Life Insurance Co., Domestic
Ltd.－Unit-linked insurance－Person non-state-owned 1.15% 7,282,757
al Insurance unit-linked insurance corporation
NATIONAL SOCIAL SECURITY Domestic 0.98% 6,180,101
Report for the First Quarter of 2015 of Wuxi Little Swan Company Limited
FUND PORTFOLIO 108 non-state-owned
corporation
LMA SPC F/B/O MAP 147
Overseas corporation 0.87% 5,508,587
SEGREGATED PORTFOLIO
CHINA CONSTRUCTION
Domestic
BANK—PENGHUA ADVANCED
non-state-owned 0.78% 4,903,148
STOCK SECURITIES
corporation
INVESTMENT FUND
Shareholdings of top 10 non-restricted common shareholders
Number of Variety of shares
Name of shareholder non-restricted
Variety Number
common shares held
MIDEA GROUP CO., LTD. 238,948,117 RMB ordinary shares 238,948,117
Domestically listed
TITONI INVESTMENTS DEVELOPMENT LTD. 94,204,942 94,204,942
foreign shares
Domestically listed
GAOLING FUND,L.P. 26,727,686 26,727,686
foreign shares
FINANCE BUREAU OF WUXI 22,057,657 RMB ordinary shares 22,057,657
Agricultural Bank of China－Bocom Schroeder Growth Stock
9,865,754 RMB ordinary shares 9,865,754
Securities Investment Fund
NATIONAL SOCIAL SECURITY FUND PORTFOLIO 102 8,500,000 RMB ordinary shares 8,500,000
China Ping’an Life Insurance Co., Ltd.－Unit-linked insura
7,282,757 RMB ordinary shares 7,282,757
nce －Personal Insurance unit-linked insurance
NATIONAL SOCIAL SECURITY FUND PORTFOLIO 108 6,180,101 RMB ordinary shares 6,180,101
Domestically listed
LMA SPC F/B/O MAP 147 SEGREGATED PORTFOLIO 5,508,587 5,508,587
foreign shares
CHINA CONSTRUCTION BANK—PENGHUA
4,903,148 RMB ordinary shares 4,903,148
ADVANCED STOCK SECURITIES INVESTMENT FUND
Explanation on associated relationship or persons acting in GD MIDEA HOLDING CO., LTD. and TITONI INVESTMENTS
concert among the above-mentioned shareholders DEVELOPMENT LTD. are parties acting in concert.
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company conduct any
promissory repo during the reporting period?
□ Yea √ No
No such cases in the reporting period.
2. Total number of preferred shareholders at the period-end and shareholdings of top 10 preferred
shareholders
□ Applicable √ Inapplicable
Report for the First Quarter of 2015 of Wuxi Little Swan Company Limited
Section III. Significant Events
I. Significant changes in the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
√ Applicable □ Inapplicable
31 Mar. 31 Dec.
2015/Jan.-Mar. 2014/Jan.-Mar. +/- (RMB Ten
Statement item +/-% Notes
2015 (RMB Ten 2014 (RMB Ten thousand)
thousand) thousand)
The export tax rebates for last year were
Other receivables 2,385.01 3,461.20 -1,076.19 -31%
received.
The investments in bank wealth
Other current assets 330,684.63 194,797.22 135,887.41 70%
management products increased.
Long-term deferred
626.48 185.20 441.28 238% More expenses on molds
expenses
Accounts received in
36,402.37 85,159.28 -48,756.92 -57% Due to the sale cycle
advance
Taxes and fares
38,919.62 27,364.89 11,554.73 42% The sales and profit increased.
payable
Administrative
13,635.67 9,986.72 3,648.95 37% Expenses on salaries and R&D increased.
expenses
Financial expenses -1,191.45 -270.63 -920.82 -340% The deposit interest income increased.
Gain on fair value The gain on the fair value changes in
-2.83 -1,192.58 1,189.75 100%
changes forward exchange contracts increased.
The investment in bank wealth
Investment gain 3,096.41 2,298.71 797.70 35% management products increased, resulting
in more gain.
Non-operating The loss on disposal of wasted fixed assets
339.14 140.86 198.28 141%
expense increased.
Total profit 32,645.19 21,929.55 10,715.64 49% The sales increased.
Income tax expenses 4,928.85 3,160.22 1,768.63 56% Total profit increased.
Net profit 27,716.35 18,769.33 8,947.01 48% The sales increased.
Minority
Subsidiary Hefei Midea Washing Machine
shareholders’ 3,484.90 1,691.89 1,793.01 106%
Co., Ltd. recorded increased net profit.
income
Report for the First Quarter of 2015 of Wuxi Little Swan Company Limited
Due to exchange rate fluctuations, the
Other
foreign-currency statement translation
comprehensive 11.52 23.83 -12.31 -52%
difference of the Singapore subsidiary
incomes
changed.
The business scale expanded and the cash
Net cash flows from
39,428.21 27,196.43 12,231.78 45% received from sale of goods and rendering
operating activities
of services increased accordingly.
The investments in bank wealth
Net cash flows from management products increased, resulting
-71,505.40 -19,123.48 -52,381.92 -274%
investing activities in an increase in the cash paid for
investment.
II. Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Inapplicable
III. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments made in previous period and carried down into the
reporting period
√ Applicable □ Inapplicable
Period
Time of
Commitmen of Fulfill
Commitment Contents making
t maker commi ment
commitment
tment
Where the controlling shareholder GD Midea Holding Co., Ltd. (Midea
Holding) plans to sell the Company’s shares released from trading In the
moratorium held by it via the bi
