Stock Code: 000418, 200418 Stock Name: Little Swan, Littleswan-B Announcement No. 2018-27
WUXI LITTLE SWAN COMPANY LIMITED
INTERIM REPORT 2018 (SUMMARY)
Part I Important Notes
This Summary is based on the full text of the 2018 Interim Report of Wuxi Little Swan Company Limited
(together with its consolidated subsidiaries, the “Company”, except where the context otherwise requires). Inorder for a full understanding of the Company’s operating results, financial condition and future development
plans, investors should carefully read the aforesaid full text, which has been disclosed together with this Summary
on the media designated by the China Securities Regulatory Commission (the “CSRC”).All the Company’s Directors have attended the Board meeting for the review of this Report and its summary.
This Report and its summary have been prepared in both Chinese and English. Should there be any discrepanciesor misunderstandings between the two versions, the Chinese versions shall prevail.
Part II Key Corporate Information
1. Stock Profile
| Stock name | Little Swan, Littleswan-B | Stock code | 000418, 200418 |
| Stock exchange for stock listing | Shenzhen Stock Exchange | ||
| Contact information | Board Secretary | Securities Representative | |
| Name | Ms. Zhou Sixiu | Mr. Zhao Yulin | |
| Office address | No. 18, Changjiang Road S., National Hi-tech Development Zone, Wuxi, Jiangsu Province, P.R.China | No. 18, Changjiang Road S., National Hi-tech Development Zone, Wuxi, Jiangsu Province, P.R.China | |
| Tel. | 0510-81082320 | 0510-81082377 | |
| E-mail address | ir@littleswan.com.cn | ir@littleswan.com.cn | |
2. Key Financial InformationIndicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
| H1 2018 | H1 2017 | Change (%) | |
| Operating revenue (RMB) | 12,056,938,286.05 | 10,568,060,854.21 | 14.09% |
| Net profit attributable to the listed company’s shareholders (RMB) | 902,047,046.42 | 731,540,502.47 | 23.31% |
| Net profit attributable to the listed company’s shareholders before exceptional items (RMB) | 891,791,062.37 | 714,797,214.75 | 24.76% |
| Net cash generated from/used in operating activities (RMB) | 173,229,022.41 | -142,410,692.24 | 221.64% |
| Basic earnings per share (RMB/share) | 1.43 | 1.16 | 23.28% |
| Diluted earnings per share (RMB/share) | 1.43 | 1.16 | 23.28% |
| Weighted average return on net assets (%) | 12.21% | 11.69% | 0.52% |
| 30 June 2018 | 31 December 2017 | Change (%) | |
| Total assets (RMB) | 19,549,526,067.99 | 21,338,421,243.67 | -8.38% |
| Net assets attributable to the listed company’s shareholders (RMB) | 7,348,544,506.87 | 7,047,090,800.97 | 4.28% |
3. Shareholders and Their Holdings at Period-End
Unit: share
| Number of ordinary shareholders | 17,037 | Number of preferred shareholders with resumed voting rights (if any) | 0 | ||||||
| Top 10 shareholders | |||||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Number of shares | Restricted shares | Pledged or frozen shares | ||||
| Status | Shares | ||||||||
| MIDEA GROUP CO., LTD. | Domestic non-state-owned legal person | 37.78% | 238,948,117 | ||||||
| TITONI INVESTMENTS DEVELOPMENT LTD. | Foreign legal person | 14.89% | 94,204,942 | ||||||
| GAOLING FUND,L.P. | Foreign legal person | 3.74% | 23,664,125 | ||||||
| HONGKONG SECURITIES CLEANING CO., LTD | Foreign legal person | 3.42% | 21,654,855 | ||||||
| NATIONAL SOCIAL SECURITY FUND PORTFOLIO 108 | Domestic non-state-owned legal person | 2.86% | 18,099,842 | ||||||
| GREENWOODS CHINA ALPHA MASTER FUND | Foreign legal person | 2.81% | 17,787,068 | ||||||
| FINANCE BUREAU OF WUXI | State-owned legal person | 2.20% | 13,887,710 | ||||||
| CENTRAL HUIJIN ASSET MANAGEMENT CO., LTD. | State-owned legal person | 1.61% | 10,156,300 | ||||||
| AGRICULTURAL BANK OF CHINA- E FUND CONSUMPTION SECTOR STOCK INVESTMENT FUND | Domestic non-state-owned legal person | 1.55% | 9,802,304 | ||||||
| BILL & MELINDA GATES FOUNDATION TRUST | Foreign legal person | 1.15% | 7,288,676 | ||||||
| Connected or acting-in-concert parties among shareholders above | Midea Group and TITONI Investments Development Ltd. are parties acting in concert. | ||||||||
| Shareholders conducting margin trading (if any) | N/A | ||||||||
4. Change of Controlling Shareholder or Actual Controller in Reporting PeriodChange of the controlling shareholder in the Reporting Period:
□ Applicable √ Not applicable
The controlling shareholder remained the same in the Reporting Period.Change of the actual controller in the Reporting Period:
□ Applicable √ Not applicable
The actual controller remained the same in the Reporting Period.5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
No preferred shareholders in the Reporting Period.6. Corporate bonds
Does the Company have any corporate bonds publicly offered and listed on the stock exchange, which were undue
before the date of this Report’s approval or were due but could not be redeemed in full?□ Yes √ No
Part III Operating Performance Discussion and Analysis
1. Business Overview of Reporting PeriodIn face of the complicated political and economic conditions at home and abroad in the first half of 2018, the
Company continuously focused on its core business of washing machines and clothes driers. Closely following its
core strategies of “Advanced Products, Efficiency-Driven Growth and Global Operations”, the Company strove
from endogenous growth driven by product and efficiency improvement. Meanwhile, in light of the industry-wideconsumption upgrade and in order for continuous growth, the Company took the initiative to promote businesstransformation. It increased medium-and-high-end offerings in its product mix so as to stay sustainablycompetitive.For H1 2018, the Company recorded operating revenue of RMB12.057 billion, up 14.09% year-on-year; net profitattributable to the Company as the parent of RMB0.902 billion, representing a 23.31% growth from H1 2017; anda 26.60% gross profit margin, 0.99 percentage point higher than H1 2017.
2. Matters Related to Financial Reporting(1) Changes in Accounting Policies, Accounting Estimates or Measurement Methods Compared to Last
Accounting Period
□ Applicable √ Not applicable
No such changes.(2) Retrospective Restatements due to Correction of Material Accounting Errors in Reporting Period
□ Applicable √ Not applicable
No such cases.(3) Changes in Scope of Consolidated Financial Statements Compared to Last Accounting Period
□ Applicable √ Not applicable
No such changes.
Wuxi Little Swan Company LimitedLegal Representative: Fang Hongbo8 August 2018