| Stock code:002508 | Abbreviation of securities: Robam | Announcement No.:2019-039 |
Hangzhou Robam Appliances Co., Ltd.
2019 Third Quarter Report Text
Section 1: Important Notes
The board of directors, the board of supervisors and the directors,supervisors and senior management of the Company shall guaranteethat the contents of the quarterly report are authentic, accurate andcomplete, free from false records, misleading statements Or majoromissions, and shall bear individual and joint legal liabilities.All directors of the Company personally attended the board meeting toreview this quarterly report.Ren Jianhua, the head of the Company, Zhang Guofu, the head ofaccounting work, and Zhang Guofu, the head of accounting body(accountant in charge), guarantee the authenticity, accuracy andcompleteness of the Financial statements in the quarterly report.
Section 2: Basic status of companyI. Major Accounting Data and Financial IndicatorsWhether the Company needs to retroactively adjust or restate the accounting data of the previous years
□Yes √No
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| End of the reporting period | End of previous year | Increase/decrease at the end of this reporting period compared to the end of the previous year | ||||
| Total assets (yuan) | 10,073,735,527.84 | 9,455,361,508.83 | 6.54% | |||
| Net assets attributable to shareholders of listed companies (yuan) | 6,375,359,070.29 | 6,045,384,387.57 | 5.46% | |||
| Reporting period | Increase/decrease this year compared to the previous year | From the beginning of the year to the end of the reporting period | Increase/decrease at the end of the reporting period from the beginning of the year compared to the previous year | |||
| Operating income (yuan) | 2,097,606,924.30 | 10.56% | 5,625,020,807.26 | 4.29% | ||
| Net profits attributable to shareholders of listed companies (yuan) | 415,223,408.27 | 18.20% | 1,085,627,402.47 | 7.31% | ||
| Net profits attributable to shareholders of the listed company after deduction of non-recurring profits and losses (yuan) | 410,778,645.33 | 22.23% | 1,033,318,224.34 | 11.36% | ||
| Net cash flow from operating activities (yuan) | 376,523,778.18 | 381.97% | 1,035,214,862.76 | -13.78% | ||
| Basic EPS (yuan/share) | 0.44 | 18.92% | 1.14 | 6.54% | ||
| Diluted EPS (yuan/share) | 0.44 | 18.92% | 1.14 | 6.54% | ||
| Weighted average return on net assets | 6.86% | 0.36% | 17.37% | -1.19% | ||
Non-recurring Profit and Loss Items and Amount
√Applicable □ Not applicable
Unit: CNY
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Item
| Item | Amount from the beginning of the year to the end of the reporting period | Description |
| Profits and losses on the disposal of non-current assets (including the write-off part of the provision for asset impairment) | -1,171,725.00 | |
| Government subsidies included into the current profits and losses, except those government subsidies, which are closely related to the business of a company and enjoyed in accordance with a certain standard quota or quantity of the state | 61,921,866.87 | |
| Profits and losses from investment or management assets entrusted to others | 4,971,538.56 | |
| Income and expenditure other than those mentioned above | -915,346.81 | |
| Less: Amount affected by income tax | 10,663,221.28 | |
| Amount of minority shareholders' equity affected (after tax) | 1,833,934.21 | |
| Total | 52,309,178.13 | -- |
Explain the non-recurrent profit and loss items defined by the Company according to the Interpretative Announcement No.1 on Information Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses and defined fromthe non-recurrent profit and loss items enumerated in the Interpretative Announcement No. 1 on Information Disclosure ofPublic Securities Issuing Companies - Non-recurrent Profits and Losses
□ Applicable √ Not applicable
No definition of non-recurrent profit and loss items defined and enumerated in the Interpretative Announcement No. 1 onInformation Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses as non-recurrent profitand loss items during the reporting period.
II. Total number of shareholders at the end of the reporting period and shareholding
of top 10 shareholders
1. Number of common shareholders and preferred shareholders with voting rights restored,and shareholdings of the top 10 shareholders
Unit: share
| Total number of common shareholders at the end of the reporting period | 60,911 | Total number of preferred shareholders with voting rights restored at the end of the reporting period (if any) | 0 |
| Shareholdings of the top 10 shareholders | |||
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Shareholder's name
| Shareholder's name | Shareholder nature | Shareholding ratio | Number of shares held | Number of shares held with limited sales conditions | Pledge or freeze | |
| Status of shares | Quantity | |||||
| Hangzhou Robam Industrial Group Co., Ltd. | Domestic non-state legal person | 49.68% | 471,510,000 | 0 | - | 0 |
| Hong Kong Securities Clearing Co. Ltd. | Overseas legal person | 11.45% | 108,623,698 | 0 | - | 0 |
| Shen Guoying | Domestic natural person | 1.29% | 12,240,000 | 0 | - | 0 |
| China Construction Bank Co., Ltd. - Anxin Value Selected Stock Securities Investment Fund | Other | 1.19% | 11,336,419 | 0 | - | 0 |
| Hangzhou Jinchuang Investment Co., Ltd. | Domestic non-state legal person | 1.00% | 9,451,985 | 0 | - | 0 |
| Shenzhen Guoshi Capital Management Co., Ltd. - Guoshi Capital - Robam Agent Holding Stage 2 Structured Private Equity Fund | Other | 0.88% | 8,311,165 | 0 | - | 0 |
| Aberdeen Standard Investments (Asia) Limited - Aberdeen Global - China A-Shares Fund | Overseas legal person | 0.75% | 7,079,528 | 0 | - | 0 |
| Hangzhou Yinchuang Investment Co., Ltd. | Domestic non-state legal person | 0.74% | 7,020,000 | 0 | - | 0 |
| Ren Jianhua | Domestic natural person | 0.62% | 5,923,150 | 0 | - | 0 |
| Central Huijin Investment Ltd. | State legal person | 0.60% | 5,685,810 | 0 | - | 0 |
| Shareholding of top 10 shareholders with unlimited sales conditions | ||||||
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Shareholder's name
| Shareholder's name | Number of shares held with unlimited sales conditions | Share type | |
| Share type | Quantity | ||
| Hangzhou Robam Industrial Group Co., Ltd. | 471,510,000 | RMB common share | 471,510,000 |
| Hong Kong Securities Clearing Co. Ltd. | 108,623,698 | RMB common share | 108,623,698 |
| Shen Guoying | 12,240,000 | RMB common share | 12,240,000 |
| China Construction Bank Co., Ltd.－Anxin Value Selected Stock Securities Investment Fund | 11,336,419 | RMB common share | 11,336,419 |
| Hangzhou Jinchuang Investment Co., Ltd. | 9,451,985 | RMB common share | 9,451,985 |
| Shenzhen Guoshi Capital Management Co., Ltd. - Guoshi Capital - Robam Agent Holding Stage 2 Structured Private Equity Fund | 8,311,165 | RMB common share | 8,311,165 |
| Aberdeen Standard Investments (Asia) Limited－Aberdeen Global－China A-Shares Fund | 7,079,528 | RMB common share | 7,079,528 |
| Hangzhou Yinchuang Investment Co., Ltd. | 7,020,000 | RMB common share | 7,020,000 |
| Ren Jianhua | 5,923,150 | RMB common share | 5,923,150 |
| Central Huijin Investment Ltd. | 5,685,810 | RMB common share | 5,685,810 |
| Description of the above-mentioned shareholder association or concerted action | The actual controller of the Company’s controlling shareholder Hangzhou Robam Industrial Group Co., Ltd. and the shareholder Hangzhou Jinchuang Investment Co., Ltd. is Mr. Ren Jianhua, and the natural person shareholder Shen Guo Ying is the wife of Ren Jianhua. The above shareholders have the possibility of acting in unison. | ||
| Securities margin trading business attended by top 10 shareholders (if any) | Not applicable | ||
Whether the Company’s top 10 common shareholders and op 10 common shareholders with unlimited sales conditionsagreed on a repurchase transaction during the reporting period
□Yes √No
The Company’s top 10 common shareholders and op 10 common shareholders with unlimited sales conditions did notagree on a repurchase transaction during the reporting period
2. Total number of preferred shareholders and the top 10 preferred shareholders’shareholdings of the Company
□ Applicable √ Not applicable
Section 5: Important Matters
I. Cases and causes for the change in the main financial data and financial indexesduring the reporting period
√Applicable □ Not applicable
1. Balance sheet items
? The monetary capital increased by 47.74% at the end of the reporting period compared to the beginning of the year,which was mainly caused by the increase of the company's payment collection and the decrease of the amount ofmoney to purchase the bank financial products.
? The advances to suppliers increased by 38.22% at the end of the reporting period compared to the beginning of the
year, which was mainly caused by the increase in the purchase of raw materials.
? Other current assets decreased by 35.91% at the end of the reporting period compared to the beginning of the year,which was mainly caused by the decrease of the bank financing in the current period.
? Available-for-sale financial assets decreased by 100% at the end of the reporting period compared to the beginning
of the year and other equity instrument investments increased by 100% compared to last year, which were causedby the change in the reclassification of items.
? The long-term equity investment increased by 81.34% at the end of the reporting period compared to the beginning
of the year, which was mainly caused by the profit increase of De Dietrich Trade (Shanghai) Co., Ltd. invested by thecompany in the current period.
? The construction in progress increased by 36.58% at the end of the reporting period compared to the beginning ofthe year, which was mainly caused by the infrastructure investment in Maoshan Intelligent Manufacturing Park in thecurrent period.
? The long-term unamortized expenses decreased by 80.94% at the end of the reporting period compared to thebeginning of the year, which was mainly caused by the amortization of long-term deferred expenses in previousperiod.
? The accounts payable increased by 31.88% at the end of the reporting period compared to the beginning of the year,which was mainly caused by the increase in the purchase transactions with the sales revenue in the current period.
? The payroll payable decreased by 90.93% at the end of the reporting period compared to the beginning of the year,which was mainly caused by the payment of employee salaries and bonuses last year.
? The tax payable increased by 64.30% at the end of the reporting period compared to the beginning of the year, which
was mainly caused by the increase in the income tax expenses in the current period.
2. Income statement items
? The non-operating income decreased by 52.49% in the reporting period compared to the last year, which was mainly
caused by the decrease of the government subsidies in the current period.
? The non-operating expenditure increased by 217.58% in the reporting period compared to the last year, which was
mainly caused by the increase of the donation outlay and the scrap of some products in the current period.
3. Cash flow statement items
? The net cash flow from investment activities decreased by 227.81% in the reporting period compared to the last year,which was mainly caused by the company's payment for the investment fund for merger and acquisition of Kinde last
year and no major investment projects in current period.
II. Progress of important matters and their impact and solution analysis
□ Applicable √ Not applicable
Implementation progress of share repurchase
□ Applicable √ Not applicable
Implementation progress of reducing repurchased shares by centralized competitive bidding
□ Applicable √ Not applicable
III. Commitments not fully fulfilled by the Company’s actual controller, shareholders,
related parties, acquirer and other commitment parties during the reportingperiod
□ Applicable √ Not applicable
No commitments not fully fulfilled by the Company’s actual controller, shareholders, related parties, acquirer and othercommitment parties during the reporting period
IV. Estimate of annual business performance for 2019
It is estimated that the change rate of the net profits attributable to shareholders of listed companies in 2019 ranges from2% to 10%V. Financial assets measured with fair value
□ Applicable √ Not applicable
VI. Illegal external guarantee
□ Applicable √ Not applicable
No illegal external guarantee of the Company during the reporting period.VII. Non-operating occupation of funds of listed companies by controlling
shareholders and their related parties
□ Applicable √ Not applicable
No non-operating occupation of funds of listed companies by controlling shareholders and their related parties during thereporting period.VIII. Entrusted financing
√Applicable □ Not applicable
Unit: 10,000 yuan
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Specific type
| Specific type | Source of funds for entrusted financing | Amount incurred in entrusted financing | Outstanding balance | Overdue amount not recovered |
| Bank financial products | Owned fund | 213,000 | 150,000 | 0 |
| Total | 213,000 | 150,000 | 0 | |
Specific circumstance of high-risk entrusted financing with significant single amount or with low security, poor liquidity andnot break-even
□ Applicable √ Not applicable
The entrusted financing is expected not to recover the principal or has other circumstances that may cause impairment
□ Applicable √ Not applicable
IX. Registration form of reception, research, communication, interview and otheractivities during the reporting period
√Applicable □ Not applicable
| Reception time | Reception way | Type of received object | Basic information index of the survey |
| July 01, 2019 | Field survey | Organization | See the Record Chart of Investor Relation Activities on July 1 and 2, 2019 in cninfo |
| September 18, 2019 | Field survey | Organization | See the Record Chart of Investor Relation Activities on July 18 and 19, 2019 in cninfo |
| September 16, 2019 | Field survey | Organization | See the Record Chart of Investor Relation Activities on September 16 and 17, 2019 in cninfo |
| September 18, 2019 | Field survey | Organization | See the Record Chart of Investor Relation Activities on September 18-23, 2019 in cninfo |
| September 25, 2019 | Field survey | Organization | See the Record Chart of Investor Relation Activities on September 25, 2019 in cninfo |