2025 First Quarter Report
Hangzhou ROBAM Appliances Co., Ltd.
2025 First Quarter ReportThe Company and all members of the Board of Directors guarantee that the information disclosed is authentic, accurate andcomplete, and that there is no false record, misleading statement or material omission.Important:
1. The board of directors, the board of supervisors and the directors, supervisors and senior management of the Companyguarantee that the quarterly report are authentic, accurate and complete, free from false records, misleading statements ormajor omissions, and bear individual and joint legal liabilities.
2. The head of the Company, the head of accounting work, and the head of accounting body (accountant in charge), guaranteethe authenticity, accuracy and completeness of the financial information in the quarterly report.
3. Whether the first quarter report has been audited
□ Yes ?No
2025 First Quarter Report
I. Major Financial Data
(I) Major Accounting Data and Financial IndicatorsWhether the Company needs to retroactively adjust or restate the accounting data of the previous years
□ Yes ?No
| This reporting period | Amount for corresponding period last year | Increase/decrease in this reporting period as compared to the previous year |
Operating income (yuan)
| Operating income (yuan) | 2,076,194,452.05 | 2,237,194,615.74 | -7.20% |
Net profits attributable toshareholders of listedcompanies (yuan)
| Net profits attributable to shareholders of listed companies (yuan) | 340,019,016.58 | 398,415,708.31 | -14.66% |
Net profits attributable toshareholders of the listedcompany after deduction ofnon-recurring profits and losses(yuan)
| Net profits attributable to shareholders of the listed company after deduction of non-recurring profits and losses (yuan) | 313,555,187.51 | 352,836,284.84 | -11.13% |
Net cash flow from operatingactivities (yuan)
| Net cash flow from operating activities (yuan) | -187,492,962.49 | 54,887,609.62 | -441.59% |
Basic EPS (yuan/share)
| Basic EPS (yuan/share) | 0.36 | 0.42 | -14.29% |
Diluted EPS (yuan/share)
| Diluted EPS (yuan/share) | 0.36 | 0.42 | -14.29% |
Weighted average return on netassets
| Weighted average return on net assets | 3.00% | 3.72% | Decreased by 0.72% |
| End of the reporting period | End of previous year | Increase/decrease at the end of this reporting period as compared to the end of the previous year (%) |
Total assets (yuan)
| Total assets (yuan) | 16,698,707,688.37 | 17,043,258,282.33 | -2.02% |
Owner's equity attributable toshareholders of listedcompanies (yuan)
| Owner's equity attributable to shareholders of listed companies (yuan) | 11,526,748,204.40 | 11,178,437,443.19 | 3.12% |
(II) Non-recurring Profit and Loss Items and Amount? Applicable □ Not applicable
Unit: yuan
| Item | Amounts for the reporting period | Description |
Profits and losses on the disposal of non-current assets (including the write-off ofthe provision for asset impairment)
| Profits and losses on the disposal of non-current assets (including the write-off of the provision for asset impairment) | -2,010,666.21 |
Government subsidies included intocurrent profits and losses (except thosegovernment subsidies that are closelyrelated to normal business of theCompany, comply with national policiesand regulations, enjoyed according todefined criteria, and have an ongoingimpact on the Company's profit or loss)
| Government subsidies included into current profits and losses (except those government subsidies that are closely related to normal business of the Company, comply with national policies and regulations, enjoyed according to defined criteria, and have an ongoing impact on the Company's profit or loss) | 17,366,505.38 |
Reversal of impairment provision forreceivables subject to separate impairmenttest
| Reversal of impairment provision for receivables subject to separate impairment test | 16,798,298.91 |
Income and expenditure other than thosementioned above
| Income and expenditure other than those mentioned above | -724,165.95 |
Minus: Amount affected by income tax
| Minus: Amount affected by income tax | 4,751,972.52 |
2025 First Quarter Report
| Amount of minority shareholders' equity affected (after tax) | 214,170.54 |
Total
| Total | 26,463,829.07 | -- |
Other profit and loss items that meet the definition of non-recurring profit and loss
□ Applicable ? Not applicable
The Company does not have any other profit and loss items that meet the definition of non-recurring profit and loss.Description of defining the non-recurring profit and loss items enumerated in the Interpretative Announcement No. 1 onInformation Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses as recurrent profit and lossitems
□ Applicable ? Not applicable
The Company does not have any non-recurrent profit and loss items enumerated in the “Interpretative Announcement No. 1 onInformation Disclosure of Public Securities Issuing Companies - Non-recurrent Profits and Losses” as recurrent profit and lossitems.(III) Changes in major accounting data and financial indicators and the reasons therefor? Applicable □ Not applicable
1. Balance sheet items
At the end of the reporting period, prepayments increased by 32.96% compared to the beginning of the year, primarily due to theincrease in prepayments for materials.Non-current assets due within one year at the end of the reporting period decreased by 34.28% compared to the beginning of theyear, primarily due to the maturity and cashing out of time deposits.At the end of the reporting period, other current assets decreased by 80.07% compared to the beginning of the year, primarily dueto the maturity and cashing out of time deposits.At the end of the reporting period, other non-current financial assets increased by 166.67% compared to the beginning of the year,primarily due to the increase in bank wealth management products with maturities exceeding one year.At the end of the reporting period, the employee pay payable decreased by 82.66% compared to the beginning of the year,primarily due to the completion of year-end bonus payments.Non-current liabilities due within one year at the end of the reporting period decreased by 35.61% compared to the beginning ofthe year, primarily due to the reduction in lease liabilities due within one year.
2. Income statement items
During the reporting period, taxes and surcharges decreased by 35.44% compared to the same period last year, primarily due to thereduction in surcharges caused by the decrease in value-added tax.The financial expenses for the reporting period increased by 33.50% compared to the same period last year, primarily due to thedecrease in bank interest income.Non-operating income for the reporting period decreased by 61.30% compared to the same period last year, primarily due to areduction in litigation compensation.During the reporting period, non-operating expenses decreased by 30.69% compared to the same period last year, primarily due toa reduction in donation expenditures.
3. Cash flow statement items
During the reporting period, the net cash flow from operating activities decreased by 441.59% compared to the same period lastyear, primarily due to the increase in the purchase of materials.During the reporting period, the net cash flow from investing activities increased by 366.08% compared to the same period lastyear, primarily due to the lower base in the previous year.During the reporting period, the net cash flow from financing activities increased by 101.60% compared to the same period lastyear, primarily due to the reduction in dividend payments.II. Shareholder Information
(I) Total number of common shareholders and preferred shareholders with voting rights restored, andshareholdings of the top ten shareholders
2025 First Quarter Report
Unit: share
| Total number of common shareholders at the end of the reporting period | 42,444 | Total number of preferred shareholders with voting rights restored at the end of the reporting period (if any) | 0 |
Shareholdings of top 10 shareholders (excluding shares lent through refinancing)
Shareholdings of top 10 shareholders (excluding shares lent through refinancing)Shareholder'sname
| Shareholder's name | Shareholder nature | Shareholding ratio (%) | Number of shares held | Number of shares held with limited sales conditions | Pledge, mark or freeze | |
| Status of shares | Quantity | |||||
HangzhouROBAMIndustrial GroupCo., Ltd.
| Hangzhou ROBAM Industrial Group Co., Ltd. | Domestic non-state legal person | 49.90% | 471,510,000 | 0.00 | Not applicable | 0.00 |
Hong KongSecuritiesClearingCompany Ltd.
| Hong Kong Securities Clearing Company Ltd. | Overseas legal person | 12.49% | 117,987,820 | 0.00 | Not applicable | 0.00 |
SchroderInvestmentManagement(Hong Kong)Limited -SchroderInternationalSelection FundChina A(Exchange)
| Schroder Investment Management (Hong Kong) Limited - Schroder International Selection Fund China A (Exchange) | Other | 1.50% | 14,215,355 | 0.00 | Not applicable | 0.00 |
Shen Guoying
| Shen Guoying | Domestic natural person | 1.30% | 12,240,000 | 0.00 | Not applicable | 0.00 |
China LifeInsurance(Group)Company -Traditional -GeneralInsuranceProducts - HongKong StockConnect(InnovationStrategy)
| China Life Insurance (Group) Company - Traditional - General Insurance Products - Hong Kong Stock Connect (Innovation Strategy) | Other | 1.13% | 10,688,200 | 0.00 | Not applicable | 0.00 |
China LifeInsuranceCompanyLimited -Traditional -GeneralInsuranceProducts - 005L- CT001 Hu
| China Life Insurance Company Limited - Traditional - General Insurance Products - 005L - CT001 Hu | Other | 0.91% | 8,555,866 | 0.00 | Not applicable | 0.00 |
China LifeProperty &CasualtyInsurance Co.,Ltd - Traditional- GeneralInsuranceProducts
| China Life Property & Casualty Insurance Co., Ltd - Traditional - General Insurance Products | Other | 0.88% | 8,352,398 | 0.00 | Not applicable | 0.00 |
HangzhouJinchuangInvestment Co.,Ltd.
| Hangzhou Jinchuang Investment Co., Ltd. | Domestic non-state legal person | 0.70% | 6,640,085 | 0.00 | Not applicable | 0.00 |
2025 First Quarter Report
| Hangzhou Yinchuang Investment Co., Ltd. | Domestic non-state legal person | 0.67% | 6,318,000 | 0.00 | Not applicable | 0.00 |
China PacificLife InsuranceCo., Ltd -Traditional -GeneralInsuranceProducts
| China Pacific Life Insurance Co., Ltd - Traditional - General Insurance Products | Other | 0.64% | 6,034,300 | 0.00 | Not applicable | 0.00 |
Shares of the Top 10 shareholders without sale restriction conditions (excluding shares lended through refinancing and senior
executive lock-in shares)
Shares of the Top 10 shareholders without sale restriction conditions (excluding shares lended through refinancing and senior
executive lock-in shares)Shareholder's name
| Shareholder's name | Number of shares held with unlimited sales conditions | Share type | |
| Share type | Quantity | ||
Hangzhou ROBAM IndustrialGroup Co., Ltd.
| Hangzhou ROBAM Industrial Group Co., Ltd. | 471,510,000 | RMB common share | 471,510,000 |
Hong Kong Securities ClearingCompany Ltd.
| Hong Kong Securities Clearing Company Ltd. | 117,987,820 | RMB common share | 117,987,820 |
Schroder Investment Management(Hong Kong) Limited - SchroderInternational Selection Fund ChinaA (Exchange)
| Schroder Investment Management (Hong Kong) Limited - Schroder International Selection Fund China A (Exchange) | 14,215,355 | RMB common share | 14,215,355 |
Shen Guoying
| Shen Guoying | 12,240,000 | RMB common share | 12,240,000 |
China Life Insurance (Group)Company - Traditional - GeneralInsurance Products - Hong KongStock Connect (InnovationStrategy)
| China Life Insurance (Group) Company - Traditional - General Insurance Products - Hong Kong Stock Connect (Innovation Strategy) | 10,688,200 | RMB common share | 10,688,200 |
China Life Insurance CompanyLimited - Traditional - GeneralInsurance Products - 005L - CT001Hu
| China Life Insurance Company Limited - Traditional - General Insurance Products - 005L - CT001 Hu | 8,555,866 | RMB common share | 8,555,866 |
China Life Property & CasualtyInsurance Co., Ltd - Traditional -General Insurance Products
| China Life Property & Casualty Insurance Co., Ltd - Traditional - General Insurance Products | 8,352,398 | RMB common share | 8,352,398 |
Hangzhou Jinchuang InvestmentCo., Ltd.
| Hangzhou Jinchuang Investment Co., Ltd. | 6,640,085 | RMB common share | 6,640,085 |
Hangzhou Yinchuang InvestmentCo., Ltd.
| Hangzhou Yinchuang Investment Co., Ltd. | 6,318,000 | RMB common share | 6,318,000 |
China Pacific Life Insurance Co.,Ltd - Traditional - GeneralInsurance Products
| China Pacific Life Insurance Co., Ltd - Traditional - General Insurance Products | 6,034,300 | RMB common share | 6,034,300 |
Description of the above-mentioned shareholderassociation or concerted action
| 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 Guoying is the wife of Ren Jianhua. The above shareholders have the possibility of acting in unison. |
Securities margin trading business attended by top 10shareholders (if any)
| Securities margin trading business attended by top 10 shareholders (if any) | N/A |
Lending of shares by shareholders holding more than 5% shares, top 10 shareholders or top 10 public shareholders with unlimitedsales conditions in the refinancing business
□ Applicable ? Not applicable
Change in the lending/return of shares by top 10 shareholders or top 10 public shareholders with unlimited sales conditions in therefinancing business as compared to the previous period
□ Applicable ? Not applicable
2025 First Quarter Report
(II) Total number of preferred shareholders and the top 10 preferred shareholders' shareholdings of theCompany
□ Applicable ? Not applicable
III. Other important matters
□ Applicable ? Not applicable
IV. Quarterly Financial Statements
(I) Financial statements
1. Consolidated Balance Sheet
Unit: Hangzhou ROBAM Appliances Co., Ltd.
March 31, 2025
Unit: yuan
| Item | Ending balance | Beginning balance |
Current assets:
| Current assets: |
Monetary capital
| Monetary capital | 1,486,534,715.42 | 1,631,776,094.27 |
Deposit reservation for balance
| Deposit reservation for balance |
Lending funds
| Lending funds |
Trading financial assets
| Trading financial assets | 2,830,000,000.00 | 2,180,000,000.00 |
Derivative financial assets
| Derivative financial assets |
Notes receivable
| Notes receivable | 790,747,334.94 | 817,563,424.67 |
Accounts receivable
| Accounts receivable | 1,782,210,295.04 | 1,963,710,151.61 |
Receivables financing
| Receivables financing |
Advances to suppliers
| Advances to suppliers | 214,990,264.56 | 161,690,670.71 |
Premiums receivables
| Premiums receivables |
Reinsurance accounts receivable
| Reinsurance accounts receivable |
Provision of cession receivable
| Provision of cession receivable |
Other receivables
| Other receivables | 65,467,642.69 | 86,729,886.98 |
Including: Interest receivable
| Including: Interest receivable |
Dividends receivable
| Dividends receivable |
Redemptory monetary capital for sale
| Redemptory monetary capital for sale |
Inventory
| Inventory | 1,222,468,429.21 | 1,214,012,761.29 |
Including: data resource
| Including: data resource |
Contract assets
| Contract assets |
Assets held for sales
| Assets held for sales |
Non-current assets due within a year
| Non-current assets due within a year | 591,178,904.11 | 899,560,428.08 |
Other current assets
| Other current assets | 281,206,642.26 | 1,411,059,496.48 |
Total current assets
| Total current assets | 9,264,804,228.23 | 10,366,102,914.09 |
Non-current assets:
| Non-current assets: |
Loans and advances
| Loans and advances |
Debt investment
| Debt investment |
Other debt investments
| Other debt investments |
Long-term receivables
| Long-term receivables |
Long-term equity investment
| Long-term equity investment | 7,556,708.34 | 10,561,060.79 |
Other equity instrument investments
| Other equity instrument investments | 2,116,023.22 | 2,116,023.22 |
Other non-current financial assets
| Other non-current financial assets | 800,000,000.00 | 300,000,000.00 |
Investment properties
| Investment properties | 85,971,329.51 | 85,850,636.19 |
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| Fixed assets | 1,580,270,953.79 | 1,611,144,579.04 |
Construction in progress
| Construction in progress | 491,354,663.36 | 457,357,111.28 |
Productive biological assets
| Productive biological assets |
Oil and gas assets
| Oil and gas assets |
Right-of-use assets
| Right-of-use assets | 9,730,840.48 | 10,275,253.96 |
Intangible assets
| Intangible assets | 202,562,758.07 | 205,881,656.70 |
Including: data resource
| Including: data resource |
Development expenditure
| Development expenditure |
Including: data resource
| Including: data resource |
Goodwill
| Goodwill |
Long-term unamortized expenses
| Long-term unamortized expenses | 3,893,472.37 | 4,756,409.65 |
Deferred income tax assets
| Deferred income tax assets | 387,515,895.76 | 355,443,564.81 |
Other non-current assets
| Other non-current assets | 3,862,930,815.24 | 3,633,769,072.60 |
Total non-current assets
| Total non-current assets | 7,433,903,460.14 | 6,677,155,368.24 |
Total assets
| Total assets | 16,698,707,688.37 | 17,043,258,282.33 |
Current liabilities:
| Current liabilities: |
Short-term borrowing
| Short-term borrowing | 97,752,558.21 | 93,239,299.06 |
Borrowings from central bank
| Borrowings from central bank |
Borrowing funds
| Borrowing funds |
Trading financial liabilities
| Trading financial liabilities |
Derivative financial liabilities
| Derivative financial liabilities |
Notes payable
| Notes payable | 1,233,305,338.93 | 1,061,073,856.74 |
Accounts payable
| Accounts payable | 2,233,200,449.35 | 2,830,095,046.91 |
Advance from customers
| Advance from customers |
Contract liabilities
| Contract liabilities | 788,930,302.15 | 867,810,932.52 |
Financial assets sold for repurchase
| Financial assets sold for repurchase |
Deposits from customers and interbank
| Deposits from customers and interbank |
Acting trading securities
| Acting trading securities |
Acting underwriting securities
| Acting underwriting securities |
Payroll payable
| Payroll payable | 32,673,919.68 | 188,410,062.92 |
Tax payable
| Tax payable | 170,375,447.50 | 189,784,241.67 |
Other payables
| Other payables | 287,262,279.40 | 285,326,671.78 |
Including: Interest payable
| Including: Interest payable |
Dividends payable
| Dividends payable |
Fees and commissions payable
| Fees and commissions payable |
Dividend payable for reinsurance
| Dividend payable for reinsurance |
Liabilities held for sales
| Liabilities held for sales |
Non-current liabilities due within a year
| Non-current liabilities due within a year | 1,375,726.13 | 2,136,543.64 |
Other current liabilities
| Other current liabilities | 87,101,993.93 | 95,808,311.01 |
Total current liabilities
| Total current liabilities | 4,931,978,015.28 | 5,613,684,966.25 |
Non-current liabilities:
| Non-current liabilities: |
Reserve fund for insurance contracts
| Reserve fund for insurance contracts |
Long-term borrowing
| Long-term borrowing |
Bonds payable
| Bonds payable |
Including: preferred stock
| Including: preferred stock |
Perpetual bond
| Perpetual bond |
Lease liabilities
| Lease liabilities | 10,227,238.09 | 10,197,520.49 |
Long-term payable
| Long-term payable |
Long-term payroll payable
| Long-term payroll payable |
Estimated liabilities
| Estimated liabilities |
Deferred income
| Deferred income | 109,012,905.18 | 114,504,272.72 |
2025 First Quarter Report
| Deferred income tax liabilities | 35,821,413.97 | 38,784,781.76 |
Other non-current liabilities
| Other non-current liabilities |
Total non-current liabilities
| Total non-current liabilities | 155,061,557.24 | 163,486,574.97 |
Total liabilities
| Total liabilities | 5,087,039,572.52 | 5,777,171,541.22 |
Owner's equity:
| Owner's equity: |
Capital stock
| Capital stock | 944,938,916.00 | 944,782,166.00 |
Other equity instruments
| Other equity instruments |
Including: preferred stock
| Including: preferred stock |
Perpetual bond
| Perpetual bond |
Capital reserve
| Capital reserve | 246,107,660.28 | 237,627,547.19 |
Minus: treasury stock
| Minus: treasury stock |
Other comprehensive income
| Other comprehensive income | -99,896,711.41 | -99,551,592.95 |
Special reserve
| Special reserve |
Surplus reserves
| Surplus reserves | 474,516,412.50 | 474,516,412.50 |
General risk preparation
| General risk preparation |
Undistributed profit
| Undistributed profit | 9,961,081,927.03 | 9,621,062,910.45 |
Total owners' equities attributable to theowners of parent company
| Total owners' equities attributable to the owners of parent company | 11,526,748,204.40 | 11,178,437,443.19 |
Minority equity
| Minority equity | 84,919,911.45 | 87,649,297.92 |
Total owners' equities
| Total owners' equities | 11,611,668,115.85 | 11,266,086,741.11 |
Total liabilities and owners' equities
| Total liabilities and owners' equities | 16,698,707,688.37 | 17,043,258,282.33 |
Legal representative: Ren Jianhua Head of accounting work: Zhang Guofu Head of accounting body: Zhang Guofu
2. Consolidated Statement of Income
Unit: yuan
| Item | Amount incurred in current period | Amount incurred in previous period |
I. Total operating income
| I. Total operating income | 2,076,194,452.05 | 2,237,194,615.74 |
Including: Operating income
| Including: Operating income | 2,076,194,452.05 | 2,237,194,615.74 |
Interest revenue
| Interest revenue |
Premium earned
| Premium earned |
Fee and commission income
| Fee and commission income |
II. Total operating costs
| II. Total operating costs | 1,752,513,463.62 | 1,829,923,364.67 |
Including: Operating costs
| Including: Operating costs | 981,571,995.43 | 1,104,112,964.04 |
Interest expenditure
| Interest expenditure |
Fee and commission expense
| Fee and commission expense |
Surrender value
| Surrender value |
Net payments for insuranceclaims
| Net payments for insurance claims |
Net reserve fund extracted forinsurance liability
| Net reserve fund extracted for insurance liability |
Bond insurance expense
| Bond insurance expense |
Reinsurance costs
| Reinsurance costs |
Taxes and surcharges
| Taxes and surcharges | 9,148,370.58 | 14,169,604.86 |
Selling expenses
| Selling expenses | 636,571,393.23 | 597,805,803.84 |
Management costs
| Management costs | 96,991,129.85 | 95,931,909.79 |
Research and developmentexpenses
| Research and development expenses | 62,500,918.10 | 69,436,172.91 |
Financial expenses
| Financial expenses | -34,270,343.57 | -51,533,090.77 |
2025 First Quarter Report
| Including: interest expenditure | 883,305.19 | 457,165.23 |
Interest revenue
| Interest revenue | 35,677,782.29 | 52,268,972.59 |
Plus: other incomes
| Plus: other incomes | 40,262,154.52 | 43,332,808.87 |
Income from investment (lossexpressed with "-")
| Income from investment (loss expressed with "-") | 2,620,688.10 | -1,775,329.39 |
Including: Income frominvestment of joint venture andcooperative enterprise
| Including: Income from investment of joint venture and cooperative enterprise | -3,004,364.10 | -1,787,114.10 |
Income fromderecognition of financial assets measuredat amortized cost
| Income from derecognition of financial assets measured at amortized cost |
Exchange gain (loss expressedwith "-")
| Exchange gain (loss expressed with "-") |
Net exposure hedging gain (lossexpressed with “-”)
| Net exposure hedging gain (loss expressed with “-”) |
Income from fair value changes(loss expressed with "-")
| Income from fair value changes (loss expressed with "-") |
Credit impairment losses (lossexpressed with "-")
| Credit impairment losses (loss expressed with "-") | 23,314,042.05 | 17,902,453.99 |
Assets impairment losses (lossexpressed with "-")
| Assets impairment losses (loss expressed with "-") | 11,423,666.09 | -700,571.35 |
Income from disposal of assets(loss expressed with "-")
| Income from disposal of assets (loss expressed with "-") | -2,064,442.82 | -203,869.89 |
III. Operating profits (loss expressed with“-”)
| III. Operating profits (loss expressed with “-”) | 399,237,096.37 | 465,826,743.30 |
Plus: Non-operating income
| Plus: Non-operating income | 518,377.14 | 1,339,617.02 |
Minus: non-operating expenditure
| Minus: non-operating expenditure | 1,188,766.48 | 1,715,212.41 |
IV. Total profits (total loss expressed with“-”)
| IV. Total profits (total loss expressed with “-”) | 398,566,707.03 | 465,451,147.91 |
Less: Income tax expenses
| Less: Income tax expenses | 62,954,693.12 | 70,508,844.59 |
V. Net profits (net loss expressed with “-”)
| V. Net profits (net loss expressed with “-”) | 335,612,013.91 | 394,942,303.32 |
(I) Classified by business continuity
| (I) Classified by business continuity |
1. Net profits from ongoing operation
(net loss expressed with “-”)
| 1. Net profits from ongoing operation (net loss expressed with “-”) | 335,612,013.91 | 394,942,303.32 |
2. Net profits from discontinuing
operation (net loss expressed with “-”)
| 2. Net profits from discontinuing operation (net loss expressed with “-”) |
(II) Classified by ownership
| (II) Classified by ownership |
1. Net profits attributable to the
owners of parent company
| 1. Net profits attributable to the owners of parent company | 340,019,016.58 | 398,415,708.31 |
2. Minority interest income
| 2. Minority interest income | -4,407,002.67 | -3,473,404.99 |
VI. Net amount of other comprehensiveincome after tax
| VI. Net amount of other comprehensive income after tax | -345,118.46 | -42,058.96 |
Net amount of other comprehensiveincome after tax attributed to parentcompany owners
| Net amount of other comprehensive income after tax attributed to parent company owners | -345,118.46 | -42,058.96 |
(I) Other comprehensive income thatcan't be reclassified into profit and loss
| (I) Other comprehensive income that can't be reclassified into profit and loss |
1. Remeasure the variation of net
indebtedness or net asset of definedbenefit plan
| 1. Remeasure the variation of net indebtedness or net asset of defined benefit plan |
2. Other comprehensive income
that can't be reclassified into profit andloss in the invested enterprise under equitymethod
| 2. Other comprehensive income that can't be reclassified into profit and loss in the invested enterprise under equity method |
2025 First Quarter Report
| 3. Fair value change of other equity instrument investments |
4. Fair value change of enterprise
credit risks
| 4. Fair value change of enterprise credit risks |
5. Other
| 5. Other |
(II) Other comprehensive income thatwill be reclassified into profit and loss
| (II) Other comprehensive income that will be reclassified into profit and loss | -345,118.46 | -42,058.96 |
1. Other comprehensive income
that will be reclassified into profit and lossin the invested enterprise under equitymethod
| 1. Other comprehensive income that will be reclassified into profit and loss in the invested enterprise under equity method |
2. Fair value change of other debt
investments
| 2. Fair value change of other debt investments |
3. Amount of financial assets
reclassified into other comprehensiveincome
| 3. Amount of financial assets reclassified into other comprehensive income |
4. Provision for credit impairment
of other debt investments
| 4. Provision for credit impairment of other debt investments |
5. Cash flow hedging reserve
| 5. Cash flow hedging reserve |
6. Translation reserve
| 6. Translation reserve | -345,118.46 | -42,058.96 |
7. Other
| 7. Other |
Net amount of other comprehensiveincome after tax attributed to minorityshareholders
| Net amount of other comprehensive income after tax attributed to minority shareholders |
VII. Total comprehensive income
| VII. Total comprehensive income | 335,266,895.45 | 394,900,244.36 |
Total comprehensive income attributedto parent company owners
| Total comprehensive income attributed to parent company owners | 339,673,898.12 | 398,373,649.35 |
Total comprehensive income belongingto minority shareholders
| Total comprehensive income belonging to minority shareholders | -4,407,002.67 | -3,473,404.99 |
VIII. Earnings per share
| VIII. Earnings per share |
(I) Basic earnings per share
| (I) Basic earnings per share | 0.36 | 0.42 |
(II) Diluted earnings per share
| (II) Diluted earnings per share | 0.36 | 0.42 |
In case of business combination involving enterprises under common control in current period, the net profits achieved by themerged party before combination were RMB 0.00 and achieved by the merged party in previous period were RMB 0.00.Legal representative: Ren Jianhua Head of accounting work: Zhang Guofu Head of accounting body: Zhang Guofu
3. Consolidated Statement of Cash Flow
Unit: yuan
| Item | Amount incurred in current period | Amount incurred in previous period |
I. Cash flow from financing activities:
| I. Cash flow from financing activities: |
Cash from selling commodities oroffering labor
| Cash from selling commodities or offering labor | 2,492,115,054.87 | 2,537,149,798.98 |
Net increase of customer deposit anddeposit from other banks
| Net increase of customer deposit and deposit from other banks |
Net increase of borrowings from centralbank
| Net increase of borrowings from central bank |
Net increase of borrowing funds fromother financial institutions
| Net increase of borrowing funds from other financial institutions |
Cash from obtaining original insurancecontract premium
| Cash from obtaining original insurance contract premium |
Cash received from insurance premiumof original insurance contract
| Cash received from insurance premium of original insurance contract |
Net increase of deposit and investmentof insured
| Net increase of deposit and investment of insured |
2025 First Quarter Report
| Cash from interest, handling charges and commissions |
Net increase of borrowing funds
| Net increase of borrowing funds |
Net increase of repurchase of businessfunds
| Net increase of repurchase of business funds |
Net cash from acting trading securities
| Net cash from acting trading securities |
Refund of tax and levies
| Refund of tax and levies | 12,102,370.96 | 18,976.37 |
Other cash received related to operatingactivities
| Other cash received related to operating activities | 72,598,379.75 | 84,400,250.90 |
Subtotal cash inflows from operatingactivities
| Subtotal cash inflows from operating activities | 2,576,815,805.58 | 2,621,569,026.25 |
Cash paid for selling commodities oroffering labor
| Cash paid for selling commodities or offering labor | 1,582,634,369.72 | 1,436,688,454.79 |
Net increase of customer loans andadvances
| Net increase of customer loans and advances |
Net increase of amount due from centralbank and interbank
| Net increase of amount due from central bank and interbank |
Cash paid for original insurancecontract claims payment
| Cash paid for original insurance contract claims payment |
Net increase of lending funds
| Net increase of lending funds |
Cash paid for interest, handling chargesand commissions
| Cash paid for interest, handling charges and commissions |
Cash paid for policy dividend
| Cash paid for policy dividend |
Cash paid to and for employees
| Cash paid to and for employees | 340,323,826.97 | 342,453,569.98 |
Taxes and fees paid
| Taxes and fees paid | 176,766,557.79 | 182,420,970.84 |
Other cash paid related to operatingactivities
| Other cash paid related to operating activities | 664,584,013.59 | 605,118,421.02 |
Subtotal cash outflows from operatingactivities
| Subtotal cash outflows from operating activities | 2,764,308,768.07 | 2,566,681,416.63 |
Net cash flow from operating activities
| Net cash flow from operating activities | -187,492,962.49 | 54,887,609.62 |
II. Cash flow from investment activities:
| II. Cash flow from investment activities: |
Cash from investment withdrawal
| Cash from investment withdrawal | 200,000,000.00 | 2,687,508.22 |
Cash from investment income
| Cash from investment income | 5,688,700.00 | 12,491.78 |
Net cash from disposal of fixed assets,intangible assets and other long-termassets
| Net cash from disposal of fixed assets, intangible assets and other long-term assets | 29,294.70 |
Net cash received from the disposal ofsubsidiaries and other business entities
| Net cash received from the disposal of subsidiaries and other business entities |
Other cash received related toinvestment activities
| Other cash received related to investment activities | 1,426,891,643.84 | 1,231,533,434.44 |
Subtotal cash inflows from investmentactivities
| Subtotal cash inflows from investment activities | 1,632,609,638.54 | 1,234,233,434.44 |
Cash paid for the purchase andconstruction of fixed assets, intangibleassets and other long term assets
| Cash paid for the purchase and construction of fixed assets, intangible assets and other long term assets | 63,778,233.36 | 94,003,080.71 |
Cash paid for investment
| Cash paid for investment | 1,350,000,000.00 | 6,190,000.00 |
Net cash received from reinsurancebusiness
| Net cash received from reinsurance business |
Net cash paid for obtaining subsidiariesand other business units
| Net cash paid for obtaining subsidiaries and other business units |
Other cash paid related to investmentactivities
| Other cash paid related to investment activities | 200,000,000.00 | 1,130,000,000.00 |
Subtotal cash outflows from investmentactivities
| Subtotal cash outflows from investment activities | 1,613,778,233.36 | 1,230,193,080.71 |
2025 First Quarter Report
| Net cash flow from investment activities | 18,831,405.18 | 4,040,353.73 |
III. Cash flow from financing activities:
| III. Cash flow from financing activities: |
Receipts from equity securities
| Receipts from equity securities | 2,337,012.70 |
Including: Cash received fromsubsidies' absorption of minorityshareholders' investment
| Including: Cash received from subsidies' absorption of minority shareholders' investment |
Cash received from borrowings
| Cash received from borrowings | 39,600,000.00 | 23,000,000.00 |
Other cash received related to financingactivities
| Other cash received related to financing activities | 500,000.00 |
Subtotal cash inflows from financingactivities
| Subtotal cash inflows from financing activities | 41,937,012.70 | 23,500,000.00 |
Cash repayments of amounts borrowed
| Cash repayments of amounts borrowed | 33,013,457.92 | 30,000,000.00 |
Cash paid for distribution of dividendsor profits and for interest expenses
| Cash paid for distribution of dividends or profits and for interest expenses | 504,297.51 | 472,705,138.80 |
Including: Dividends and profits paidby subsidiaries to minority shareholders
| Including: Dividends and profits paid by subsidiaries to minority shareholders |
Other cash paid related to financingactivities
| Other cash paid related to financing activities | 704,158.08 | 1,775,259.08 |
Subtotal cash outflows from financingactivities
| Subtotal cash outflows from financing activities | 34,221,913.51 | 504,480,397.88 |
Net cash flow from financing activities
| Net cash flow from financing activities | 7,715,099.19 | -480,980,397.88 |
IV. Impact of exchange rate movementson cash and cash equivalents
| IV. Impact of exchange rate movements on cash and cash equivalents | -61,589.16 | -43,763.64 |
V. Net increase of cash and cashequivalents
| V. Net increase of cash and cash equivalents | -161,008,047.28 | -422,096,198.17 |
Plus: Balance of cash and cashequivalents at the beginning of the period
| Plus: Balance of cash and cash equivalents at the beginning of the period | 1,518,303,556.89 | 1,878,166,358.09 |
VI. Balance of cash and cash equivalentsat the beginning of the period
| VI. Balance of cash and cash equivalents at the beginning of the period | 1,357,295,509.61 | 1,456,070,159.92 |
(II) Adjustment of relevant items in financial statements at the beginning of first implementation year asa result of first implementation of new accounting standards from 2025
□ Applicable ? Not applicable
(III) Audit reportWhether the first quarter report is audited
□ Yes ?No
The Company's first quarter report is unaudited.
Board of Directors of Hangzhou ROBAM Appliances Co., Ltd.
April 28, 2025