Wuxi Little Swan Company Limited Report for the Third Quarter of 2016
Wuxi Little Swan Company Limited
Report for the Third Quarter of 2016
October 2016
Wuxi Little Swan Company Limited Report for the Third Quarter of 2016
Section I Important Statements
The Board of Directors, Supervisory Committee, directors, supervisors and senior management of
Wuxi Little Swan Company Limited (hereinafter referred to as the “Company”) hereby guarantee
that the information presented in this Report is factual, accurate and complete, and shall be jointly
and severally liable for any false information, misleading statements or material omissions carried
in this Report.
All directors attended the board meeting for the review of this Report.
Mr. Fang Hongbo, Chairman of the board, Mr. Sun Yunan, CFO, and Mr. Xu Yunwei, chief of the
accounting organ (chief of accounting), hereby confirm that the financial report carried in this
Report is factual, accurate and complete.
This Report has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese version shall prevail.
Wuxi Little Swan Company Limited Report for the Third Quarter of 2016
Section II Financial Highlights & Shareholder Changes
I Highlights of accounting data and financial indicators
Whether the Company performs any retroactive adjustments to or restatements of its accounting data of last year
due to change in accounting policies or correction of accounting errors
□ Yes √ No
30 September 2016 31 December 2015 +/- (%)
Total assets (RMB) 16,629,381,295.68 14,327,655,366.60 16.06%
Net assets attributable to shareholders of the
5,718,554,534.42 5,124,866,173.14 11.58%
Company (RMB)
July-September 2016 YoY +/- (%) January-September 2016 YoY +/- (%)
Operating revenues (RMB) 4,070,848,719.32 15.98% 12,055,635,914.24 25.42%
Net profit attributable to shareholders of the
332,295,999.87 30.28% 913,122,562.45 33.16%
Company (RMB)
Net profit attributable to shareholders of the
Company excluding exceptional profit and 326,278,938.30 48.45% 893,722,941.36 51.76%
loss (RMB)
Net cash flows from operating activities
-- -- 1,927,294,085.23 -25.10%
(RMB)
Basic earnings per share (RMB/share) 0.53 32.50% 1.44 33.33%
Diluted earnings per share (RMB/share) 0.53 32.50% 1.44 33.33%
Weighted average return on equity 5.99% 0.58% 16.81% 1.86%
Notes: In the fourth quarter of 2015, “to make financial investments with the Company’s own funds” was added to
the business scope of the Company. As such, profit/loss on financial investments has been restated as recurrent
profit/loss. In order to help investors better understand the business results of the Company, the “net profit
attributable to shareholders of the Company after exceptional profit and loss” is restated in the table on the same
basis, with the data as follows:
July-September 2016 YoY +/- (%) January-September 2016 YoY +/- (%)
Net profit attributable to shareholders of the
Company excluding exceptional profit and 326,278,938.30 36.25% 893,722,941.36 35.03%
loss (RMB Yuan)
Exceptional profit and loss
√ Applicable □ Not applicable
Wuxi Little Swan Company Limited Report for the Third Quarter of 2016
Unit: RMB Yuan
Item January-September 2016 Note
Profit/loss on disposal of non-current assets (including offset amount of asset
-472,842.63
impairment provisions)
Government grants charged to the profit/loss for the Reporting Period (except for
the government grants closely related to the business of the Company and given 28,148,291.80
at a fixed quota or amount in accordance with the State’s uniform standards)
Non-operating income and expense other than the above 2,032,437.79
Less: Corporate income tax 4,456,258.04
Minority interests (after tax) 5,852,007.83
Total 19,399,621.09 --
Explanation of why the Company classified an item as exceptional profit/loss according to the definition in the
Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Exceptional Profit and Loss, or reclassified any exceptional profit/loss item given as an example in the
said explanatory announcement to recurrent profit/loss
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total number of shareholders and shareholdings of top 10 shareholders at the period-end
1. Total number of ordinary shareholders and preference shareholders who had resumed their voting right
& shareholdings of top 10 shareholders at the period-end
Unit: share
Total number of ordinary shareholders Total number of preference shareholders who had resumed
19,879
at the end of the Reporting Period their voting right at the end of the Reporting Period (if any)
Shareholdings of top 10 shareholders
Number of Pledged or frozen
Shareholding Number of
Name of shareholder Nature of shareholder restricted shares
percentage shares held
shares held Status Number
Domestic non-state-owned
MIDEA GROUP CO., LTD. 37.78% 238,948,117
corporation
TITONI INVESTMENTS
Foreign corporation 14.89% 94,204,942
DEVELOPMENT LTD.
GAOLING FUND, L.P. Foreign corporation 3.43% 21,694,456
NATIONAL SOCIAL SECURITY Domestic non-state-owned
3.08% 19,498,991
FUND PORTFOLIO 108 corporation
GREENWOODS CHINA ALPHA
Foreign corporation 2.82% 17,846,794
MASTER FUND
Wuxi Little Swan Company Limited Report for the Third Quarter of 2016
FINANCE BUREAU OF WUXI On behalf of the State 2.70% 17,054,071
NATIONAL SOCIAL SECURITY Domestic non-state-owned
2.13% 13,454,035
FUND PORTFOLIO 101 corporation
CENTRAL HUIJIN ASSET
State-owned corporation 1.61% 10,156,300
MANAGEMENT CO., LTD.
BILL & MELINDA GATES
Foreign corporation 0.87% 5,517,200
FOUNDATION TRUST
NORGES BANK Foreign corporation 0.69% 4,333,315
Shareholdings of top 10 non-restricted shareholders
Number of non-restricted Type of shares
Name of shareholder
shares held at the period-end Type Number
MIDEA GROUP CO., LTD. 238,948,117 RMB ordinary share 238,948,117
Domestically listed
TITONI INVESTMENTS DEVELOPMENT LTD. 94,204,942 94,204,942
foreign share
Domestically listed
GAOLING FUND, L.P. 21,694,456 21,694,456
foreign share
NATIONAL SOCIAL SECURITY FUND PORTFOLIO 108 19,498,991 RMB ordinary share 19,498,991
Domestically listed
GREENWOODS CHINA ALPHA MASTER FUND 17,846,794 17,846,794
foreign share
FINANCE BUREAU OF WUXI 17,054,071 RMB ordinary share 17,054,071
NATIONAL SOCIAL SECURITY FUND PORTFOLIO 101 13,454,035 RMB ordinary share 13,454,035
CENTRAL HUIJIN ASSET MANAGEMENT CO., LTD. 10,156,300 RMB ordinary share 10,156,300
BILL & MELINDA GATES FOUNDATION TRUST 5,517,200 RMB ordinary share 5,517,200
Domestically listed
NORGES BANK 4,333,315 4,333,315
foreign share
MIDEA GROUP CO., LTD. and TITONI INVESTMENTS
Related or act-in-concert parties among the shareholders above
DEVELOPMENT LTD. are parties acting in concert.
Top 10 ordinary shareholders conducting securities margin
Not applicable
trading (if any)
Did any of the top 10 ordinary shareholders or the top 10 non-restricted ordinary 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 preference shareholders and shareholdings of the top 10 of them at the period-end
□ Applicable √ Not applicable
Wuxi Little Swan Company Limited Third Quarter Report 2016
Section III Significant Events
I Changes in main accounting statement items and financial indicators in the Reporting
Period, as well as reasons for the changes
Unit: RMB Ten Thousand Yuan
30 September 31 December
Item +/- +/- (%) Note
2016
Purchase of more banks’ wealth management
Monetary funds 207,232.67 304,284.39 -97,051.72 -32%
products
In the current period, sales on credit grew
Accounts receivable 158,769.15 89,607.55 69,161.60 77% considerably, while in the same period of last year,
accounts receivable were settled early
Accounts paid in
22,662.05 9,762.86 12,899.19 132% Increase in prepayments for raw materials
advance
Other accounts Increase in suspense payments for non-operating
1,467.43 920.82 546.61 59%
receivable purposes
Purchase of more banks’ wealth management
Other current assets 836,693.02 573,318.86 263,374.16 46%
products
Long-term deferred
246.70 423.82 -177.12 -42% Decrease in amortised expenses on molds
expenses
Banker’s acceptance bills drawn by the Company
Notes payable 319,980.09 195,306.53 124,673.56 64%
were adopted more often in payment
The dividends for some shareholders were unpaid in
Dividends payable 715.07 540.07 175.00 32%
the profit distribution for Y2015 in the current period
January-Sept January-Sept
Item +/- +/- (%) Note
ember 2016 ember 2015
Increase in bad-debt provision as a result of increased
Asset impairment loss 5,301.58 866.84 4,434.74 512%
accounts receivable
Profit on fair value No forward forex contracts signed in the current
0.00 -24.89 24.89 100%
changes period
Non-operating
394.14 845.29 -451.15 -53% Decrease in expenses on the flood control fund
expense
Corporate income tax 20,013.06 13,394.46 6,618.60 49% Increase in total profit
Net profit 106,449.35 79,871.63 26,577.72 33% Increase in sales
Wuxi Little Swan Company Limited Third Quarter Report 2016
Minority interests’
15,137.10 11,296.40 3,840.70 34% Net profit of subsidiary increased
income
Net cash flows from
-37,600.18 -18,585.37 -19,014.81 -102% Increase in cash paid as dividends
financing activities
II Progress on significant events, as well as the influence and solutions
□ Applicable √ Not applicable
III Commitments of the Company, its shareholders, actual controller, acquirer, directors,
supervisors, senior management or other related parties fulfilled in the Reporting Period or
ongoing at the period-end
Date of
Commitment Type of Term of
Commitment Contents commitment Fulfillment
maker commitment commitment
making
Where the controlling shareholder Midea Group plans to
sell the Company’s shares released from trading
Commitmen moratorium held by it via the bid trading system of the
Commitments
Controlling t concerning Shenzhen Stock Exchange, and Midea Group decreases
made in share 2008.02.28 Long-standing In execution
shareholder shareholding over 5% shares within six months since the first reduction
reform
reduction of holdings, Midea Group will disclose an indicative public
announcement on share selling through the Company two
trading days before its first reduction of holdings.
1. As for the commitment of avoiding horizontal
competition, Midea Group (the controlling shareholder) and
Mr. He Xiangjian (the actual controller) has promised that,
for the period after the said transaction when the
Company’s controlling shareholder and actual controller
