2023-10-30-深交所-老板电器_2023年第三季度报告（英文版）_12页_429kb

Hangzhou Robam Appliances Co., Ltd. Q3 2023 Report Summary

I. Financial Highlights

Key Indicators

• Operating Income: 2.99 billion RMB, up 7.37% YoY.
• Net Profit Attributable to Shareholders: 543 million RMB, up 6.53% YoY.
• Net Profit After Deducting Non-recurring Items: 536 million RMB, up 8.07% YoY.
• Net Cash Flow from Operations: 1.39 billion RMB, up 18.46% YoY.
• Basic EPS: 0.58 RMB/share, up 7.41% YoY.
• Weighted Average Return on Net Assets: Decreased by 0.34 percentage points YoY.

Balance Sheet Changes

At the end of Q3 2023:

• Prepayments rose 23.70% due to raw material purchases.
• Other Receivables fell 28.91% from third-party collections.
• Long-term Equity Investments dropped 23.84% from JV/LA losses.
• Lease Liabilities decreased 25.96% due to lease expense payments.

Non-recurring Items

Q3 2023 included significant non-recurring gains of ~89.6 million RMB from government subsidies and impairment reversals.

II. Shareholder Information

• The top 10 shareholders include Hangzhou Robam Industrial Group Co., Ltd. (49.68%) and Hong Kong Securities Clearing Company (8.03%).
• Mr. Ren Jianhua, the legal representative, is the controlling shareholder through his industrial group.
• There is a possibility for shareholders with shared interests (e.g., Ren Jianhua & Hongzhou Jinchuang Co., Ltd.) to act in concert.

III. Significant Matters

• The Q3 2023 Report was not audited.
• The financial statements cover from January 1 to September 30, presenting un-audited data.

IV. Financial Statements Note

• Net profits increased 11.31% YoY, supported by positive operational results, though non-recurring items were excluded from the adjusted net.
• Net Assets at quarter end of 2023: 15.96 billion RMB.

End of Summary