Financial Performance - Total operating revenue for 2022 reached RMB 74.12 billion, a 9.3% increase from RMB 67.56 billion in 2021[6]. - Total operating costs for 2022 were RMB 71.26 billion, up from RMB 65.69 billion in 2021, reflecting a 8.5% increase[6]. - Net profit for 2022 was RMB 3.07 billion, representing a 30.9% increase compared to RMB 2.34 billion in 2021[7]. - The company reported a total profit of RMB 3.82 billion for 2022, a 31.1% increase from RMB 2.92 billion in 2021[7]. - The company’s total comprehensive income for 2022 was RMB 3.09 billion, compared to RMB 2.42 billion in 2021, an increase of 27.6%[8]. - Basic earnings per share for 2022 were RMB 1.05, compared to RMB 0.71 in 2021, indicating a 48.6% increase[8]. - The net profit for 2022 was RMB 3,823,809,728.21, up from RMB 2,916,537,004.54 in 2021, representing a growth of 31.1%[15]. - The company’s domestic sales revenue was 42.624 billion RMB, showing a year-on-year increase of 13.36%[41]. - The net profit attributable to shareholders reached 1.435 billion RMB, marking a significant year-on-year growth of 47.54%[41]. Assets and Liabilities - The total assets of Hisense Home Appliances Group as of December 31, 2022, amounted to RMB 55.38 billion, a decrease from RMB 55.95 billion in 2021, reflecting a decline of approximately 1.03%[2]. - The total liabilities of the company as of December 31, 2022, were RMB 39.10 billion, down from RMB 40.36 billion in 2021, a decrease of about 3.1%[4]. - The equity attributable to the owners of the parent company increased to RMB 11.52 billion from RMB 10.34 billion, reflecting a growth of approximately 11.5%[5]. - The company's non-current assets totaled RMB 18.75 billion, up from RMB 16.25 billion, marking an increase of approximately 15.4%[3]. - The asset-liability ratio improved to 70.60% from 72.13% in the previous year[70]. Cash Flow - The net cash flow from operating activities for 2022 was approximately RMB 4.03 billion, a decrease of 6.52% from RMB 4.31 billion in 2021[53]. - Operating cash inflow totaled RMB 66.77 billion, an increase of 10.13% compared to RMB 60.63 billion in 2021[58]. - Operating cash outflow amounted to RMB 62.74 billion, reflecting an increase of 11.40% from RMB 56.32 billion in the previous year[58]. - Investment cash inflow increased by 28.15% to RMB 22.48 billion, compared to RMB 17.54 billion in 2021[58]. Market Performance - The company reported a significant increase in domestic trading revenue, reaching RMB 42,624,208,014.02 in 2022, compared to RMB 37,601,996,641.67 in 2021, marking a growth of 13.5%[17]. - The domestic central air conditioning market capacity declined by 2.6% in 2022, influenced by a slowdown in domestic demand and a sluggish real estate market[32][33]. - The refrigerator market experienced a retail volume decline of 6.3% and a retail value decline of 4.7% in 2022, with offline sales dropping by 20.0%[35]. - The washing machine market saw a retail volume decrease of 9.0% and a retail value decrease of 10.4%, while mini washing products experienced a 10.5% increase in online retail sales[36]. - The export volume of refrigerators decreased by 21.6% year-on-year in 2022, indicating challenges in the overseas market[40]. Research and Development - Research and development expenses increased to RMB 2.29 billion in 2022, up from RMB 1.99 billion in 2021, marking a 15.3% rise[6]. - Focus will be placed on advancing R&D to improve technological and product competitiveness[63]. - The company is committed to enhancing product quality through advanced manufacturing strategies[63]. Strategic Initiatives - The company plans to expand its market presence and invest in new technologies to enhance product offerings in the upcoming fiscal year[1]. - The company launched new high-quality products focusing on health, low carbon, and environmental protection, aligning with consumer preferences[41]. - The company has initiated the production line for refrigerators in its Monterrey appliance park in Mexico, enhancing its strategic presence in the Americas[51]. - The company secured multiple key project orders from global customers, including orders for the 800V 60CC large electric compressor, marking a successful expansion into international markets[48]. Shareholder Returns - The company proposed a cash dividend of RMB 5.31 per 10 shares, compared to RMB 2.14 per 10 shares in 2021, after repurchasing 11,699,989 shares[31]. - The company plans to distribute a cash dividend of RMB 5.31 per 10 shares, totaling approximately RMB 717.39 million, pending shareholder approval[66]. Corporate Governance - The company has complied with the Corporate Governance Code during the reporting period[74]. - The company’s auditor confirmed that the financial statements for the reporting period are consistent with the audited consolidated financial statements[73]. - The company will hold an extraordinary general meeting on April 19, 2023, to approve the appointment of new executive directors[79].

Financial Performance - Operating revenue for Q3 2022 reached RMB 18,718,596,599.71, representing a year-on-year increase of 6.09%[3] - Net profit attributable to shareholders was RMB 449,622,342.46, up 44.55% compared to the same period last year[3] - Basic earnings per share for the period was RMB 0.33, reflecting a 43.48% increase year-on-year[4] - The company's net profit after deducting non-recurring gains and losses was RMB 347,348,485.85, reflecting a year-on-year increase of 54.52%[3] - The diluted earnings per share for the period was RMB 0.33, with a return on equity of 4.11%[4] - Investment income for the reporting period was RMB 427,460,084.89, an increase of 86.81% year-on-year[9] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 55,764,948,014.37, a slight decrease of 0.33% from the previous year[4] - The equity attributable to shareholders of the listed company was RMB 11,163,835,980.94, showing a year-on-year increase of 7.94%[15] - Trading financial assets increased by 32.36% to RMB 7,446,321,415.89 due to the rise in unexpired financial products at the end of the reporting period[20] - Accounts receivable financing rose by 72.42% to RMB 6,327,260,830.08, primarily due to the company's growth in scale[20] Cash Flow - The net cash flow from operating activities for the year-to-date was RMB 4,112,665,147.87, showing a growth of 17.72%[3] - Cash received from tax refunds was RMB 2,329,825,859.86, reflecting a 30.30% increase compared to the previous year[9] - Cash received from investment income increased by 122.76% to RMB 145,424,642.74, due to higher financial product returns during the reporting period[20] - Cash received from borrowings decreased by 65.22% to RMB 1,043,026,866.50, mainly due to reduced bank borrowings by subsidiaries[20] Shareholder Information - The company reported a total of 37,743 common shareholders at the end of the reporting period[6] - The largest shareholder, Qingdao Hisense Air Conditioning Co., Ltd., holds 37.92% of the shares[6] - The total number of ordinary shareholders at the end of the reporting period was 37,743, with the top ten shareholders holding a combined 77.99% of the shares[17] - The top ten shareholders include various entities, with no significant shareholding restrictions noted[18] Expenses and Other Income - The company reported a significant increase in management expenses, totaling RMB 1,353,516,016.13, which is up 55.34% due to the consolidation of three subsidiaries[9] - Other operating income increased by 105.08% to RMB 218,507,475.26, mainly due to the consolidation of three subsidiaries[20] - Non-operating income for the period totaled RMB 102,273,856.61, with a significant portion attributed to government subsidies and asset management gains[5] - The government subsidies recognized in the current period amounted to RMB 46,319,495.72, with a total of RMB 173,323,944.48 from the beginning of the year to the end of the reporting period[16]

Market Performance - The domestic central air conditioning market growth was only 1.7% due to factors like raw material price fluctuations and real estate market adjustments[5]. - Retail sales of household air conditioners decreased by 15.3% year-on-year, with retail volume down by 20.9%[5]. - The refrigerator market saw a retail volume decline of 5.5% and a retail value decline of 3.4% in the first half of 2022[6]. - The washing machine market experienced a retail volume drop of 9.2% and a retail value drop of 10.1%[6]. - Exports of refrigerators, washing machines, and household air conditioners fell by 10.8%, 12.9%, and 2.18% respectively due to various global economic factors[9]. Product Development and Innovation - The average price of household air conditioners increased by 6.5% in the first half of 2022, driven by higher demand for new features[5]. - The high-end refrigerator segment saw a retail value share increase of 4.7 percentage points compared to 2021[6]. - The company is focusing on developing energy-efficient, low-carbon, and smart home appliances to meet evolving consumer demands[6]. - The company launched the "Dual Purification" home central air conditioning under the Hitachi brand, achieving over 15% market share in the home decoration retail market in the first half of 2022[11]. - The company introduced the "Photovoltaic Central Air Conditioning" product line, utilizing photovoltaic energy technology to enhance energy efficiency and reduce carbon emissions[11]. - The Hisense brand's "C200" air conditioner became the top-selling model in the industry for 8 consecutive weeks after its launch[12]. - The Hisense brand's vacuum preservation refrigerator series was recognized as a leading product in the vacuum preservation category in 2022[13]. - The company’s washing machine products received the 2022 German iF Design Award, marking the fifth consecutive win for the company in this prestigious international award[14]. Financial Performance - The company achieved operating revenue of 38.307 billion yuan, a year-on-year increase of 18.15%[10]. - The HVAC business generated main operating revenue of 18.947 billion yuan, up 17.47% year-on-year, while the ice washing business saw a decline of 6.30% to 10.427 billion yuan[10]. - Domestic sales revenue reached 20.654 billion yuan, growing by 12.25%, while international sales revenue surged by 34.57% to 14.322 billion yuan[10]. - The net profit attributable to shareholders was 620 million yuan, reflecting a year-on-year growth of 0.79%[10]. - The net cash flow from operating activities decreased significantly by 65.46%, amounting to RMB 720.03 million compared to RMB 2.08 billion in the previous year[19]. - The company reported a decrease of 5.87% in net profit after deducting non-recurring gains and losses, totaling RMB 428.07 million compared to RMB 454.78 million last year[19]. - The company received government subsidies amounting to RMB 127.00 million, contributing positively to its financial performance[20]. Research and Development - The company established R&D centers in the US, Japan, and Europe, focusing on a unified global platform and standards to enhance product quality and competitiveness[17]. - Research and development expenses increased by 27.71% to RMB 1,067,706,086.41 from RMB 836,068,530.36 in the previous year[24]. - The company adjusted its R&D organizational structure to enhance long-term capabilities and improve global R&D resource collaboration[51]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the reporting period amounted to RMB 7,798,340,633.53, representing 14.02% of total assets, an increase of 1.47% compared to the previous year[35]. - The company's accounts receivable decreased by 31.27% to RMB 156,881,858.82 from RMB 228,252,631.50 at the beginning of the period[24]. - Short-term borrowings decreased by 43.71% to RMB 1,609,308,315.26 from RMB 2,858,984,229.49 at the beginning of the period[24]. - The total cash flow from investing activities increased by 180.24% to RMB 1,516,440,091.45 from RMB 541,119,116.10 in the previous year[26]. Risk Management - The company faces risks from macroeconomic fluctuations that could impact consumer demand for home appliances, as well as rising costs of raw materials and labor affecting profitability[56]. - Trade protectionism and barriers in certain regions may increase operational costs and affect the competitiveness of the company's export business[56]. - The company has implemented internal control measures to enhance foreign exchange risk management capabilities[41]. Corporate Governance and Compliance - The company has complied with the Corporate Governance Code during the reporting period[79]. - The financial report for the half-year period has not been audited[82]. - The company confirmed that all directors have complied with the standard code of conduct during the reporting period[78]. Shareholder Information - The company's share capital structure as of June 30, 2022, included 903,135,562 A shares (66.27%) and 459,589,808 H shares (33.73%), totaling 1,362,725,370 shares[67]. - The top ten shareholders held a total of 1,134,000,000 shares, representing 83.24% of the company's issued share capital as of June 30, 2022[68]. - The board of directors proposed not to distribute an interim dividend for the six months ending June 30, 2022, consistent with the previous year[79]. Taxation - The corporate income tax rate applicable to the group is 25%[184]. - The effective corporate income tax rate for Hisense subsidiaries is 15% for the years 2020, 2021, and 2022 due to high-tech enterprise certification[186].

Acquisition and Expansion - Hisense completed the acquisition of Sanden Corporation, expanding into automotive air conditioning compressors and thermal management systems[5] - The company completed the acquisition of a leading automotive air conditioning compressor manufacturer, expanding into the automotive air conditioning and thermal management systems market[11] - The company completed the acquisition of SanDian Company on May 31, 2021, which contributed to the consolidated financial statements from June to December 2021[22] Revenue and Profitability - The company achieved a revenue of 67.6 billion CNY in 2021, representing a year-on-year growth of 40%[11] - The revenue from the HVAC business reached 30.4 billion CNY, with a year-on-year increase of 30%[14] - The revenue from the ice and washing machine segment was 23.0 billion CNY, showing a year-on-year growth of 23%[14] - The company’s net profit attributable to shareholders was 0.973 billion CNY, a decrease of 38.4% year-on-year, primarily due to losses in the home air conditioning segment[14] - The company’s overseas sales revenue grew by 58.21% year-on-year, reaching 23.16 billion CNY[14] - The company’s operating revenue for 2021 was RMB 67.56 billion, an increase of 39.61% compared to RMB 48.39 billion in 2020[22] - Net profit attributable to shareholders for 2021 was RMB 972.58 million, a decrease of 38.40% from RMB 1.58 billion in 2020[22] - The company’s basic earnings per share for 2021 was RMB 0.71, a decrease of 38.79% from RMB 1.16 in 2020[22] Market Performance - Hisense's refrigerator exports reached a record high, ranking first in the industry for cumulative export value in 2021[5] - The refrigerator export volume reached a record high, with the company ranking first in the industry for cumulative refrigerator export value in 2021[16] - The company reported a 3.2 percentage point increase in the high-end market share of Ronshen refrigerators year-on-year[5] - The high-end product market share for the company’s refrigerator line increased by 3.2 percentage points year-on-year[11] - The commercial cold chain business saw a revenue increase of 54% year-on-year[11] Research and Development - The company is focusing on technology innovation and ESG development, aligning with the "dual carbon" strategy and enhancing its product competitiveness[12] - The company’s R&D investment amounted to RMB 2.15 billion, representing a 40.27% increase from RMB 1.53 billion in the previous year[32] - The number of R&D personnel increased by 71.02% to 2,892 from 1,691 in the previous year[31] - R&D expenses grew by 55% year-on-year, enhancing product competitiveness and supporting steady revenue growth[43] - The company upgraded its HVAC products to meet national carbon neutrality policies, incorporating 5G wireless communication for smart cloud access[43] Corporate Governance - The company’s board consists of nine members, with the executive directors including Dai Huizhong (Chairman and CEO), Lin Lan, Jia Shaoqian, Fei Licheng, Xia Zhangzhu, and Gao Yuling, while independent non-executive directors include Ma Jinqian, Zhong Gengshen, and Zhang Shijie[59] - The company’s board underwent changes, with Duan Yuebin stepping down as Chairman and CEO on October 28, 2021, and Dai Huizhong assuming the roles[59] - The board has adopted a diversity policy, emphasizing the importance of diverse backgrounds, including gender, age, culture, and professional experience, to enhance performance[60] - The company has established a governance structure to ensure compliance with relevant laws and regulations, including the Corporate Governance Code[64] - The board is tasked with overseeing the preparation of financial statements, ensuring they accurately reflect the company's business status and cash flow[60] Financial Management - The company’s cash cycle improved by 1.82 days year-on-year, indicating better cash management[14] - The company’s financing cash inflow increased significantly to RMB 5.92 billion, a 1,337.6% increase from RMB 411.84 million in the previous year[35] - The company’s total assets and liabilities reflect significant changes due to the consolidation of a subsidiary, impacting various asset categories[37] - The company reported a total asset value of RMB 55.95 billion at the end of 2021, an increase of 33.81% from RMB 41.81 billion at the end of 2020[22] - The company’s total liabilities reached CNY 40,357,298,250.20, compared to CNY 27,405,116,775.00 in 2020, reflecting a growth of 47.0%[180] Environmental and Social Responsibility - The company established a comprehensive environmental management system, achieving ISO14001 certification renewal in December 2021[18] - The company has created four national-level "green factories" and one national-level "green supply chain," actively responding to the national "dual carbon" strategy[19] - The company is committed to developing high-voltage new energy products to meet the growing demand in the new energy vehicle sector[50] Risks and Challenges - The company faces risks from macroeconomic fluctuations, rising costs of raw materials, supply chain disruptions, currency exchange rate volatility, and trade protectionism[51] - The company has identified significant uncertainties regarding its ability to continue as a going concern, which may impact future financial stability[177] Employee Management - The company employed 48,263 staff members, with total employee expenses amounting to RMB 5.34 billion in 2021, up from RMB 4.28 billion in 2020[102] - The company has implemented a three-tier training system, providing over 410,000 training hours to enhance employee skills and capabilities[103] Related Party Transactions - The independent non-executive directors confirmed that the ongoing related transactions are part of the company's daily operations and are conducted under fair and reasonable terms[111] - The auditors did not identify any issues regarding the approval of ongoing related transactions or compliance with pricing policies[112] - The total amount of related party transactions for purchasing finished products from Hisense Group is RMB 193.90 million, accounting for 0.00% of similar transactions[140] Future Outlook - The strategic focus for 2022 includes improving the intelligence level of home appliances and increasing the proportion of connected smart products[49] - The company plans to strengthen its brand strategy and leverage its sponsorship of the 2022 FIFA World Cup to expand its overseas market presence[50]

Financial Performance - The company's operating revenue for Q1 2022 was RMB 18,303,785,340.27, representing a 31.35% increase compared to RMB 13,934,855,063.93 in the same period last year[4] - Net profit attributable to shareholders was RMB 266,233,233.32, up 22.10% from RMB 218,041,374.16 year-on-year[4] - The net profit after deducting non-recurring gains and losses was RMB 186,128,675.02, reflecting a 39.46% increase from RMB 133,465,991.53 in the previous year[4] - Basic and diluted earnings per share were both RMB 0.20, a 25.00% increase from RMB 0.16 in the same period last year[5] - The weighted average return on net assets is 2.54%, up 0.33 percentage points from 2.21% in the previous year[16] Assets and Liabilities - The total assets at the end of the reporting period were RMB 54,995,101,447.47, a decrease of 1.70% from RMB 55,948,549,486.98 at the end of the previous year[5] - Net assets attributable to shareholders of the listed company are RMB 10,596,107,827.23, reflecting a 2.45% increase from RMB 10,342,355,185.33 at the end of the previous year[16] - Total assets due within one year increased by 32.22% to RMB 2,923,372,666.66, mainly due to an increase in time deposits[18] Cash Flow - The company's cash flow from operating activities showed a net outflow of RMB 202,583,768.60, compared to a net outflow of RMB 52,228,509.71 in the same period last year[4] - The net cash flow from operating activities is negative at RMB -202,583,768.60, compared to RMB -52,228,509.71 in the same period last year[15] Research and Development - Research and development expenses increased by 35.66% to RMB 514,377,492.05 from RMB 379,154,264.86 year-on-year[8] - Research and development expenses increased by 35.66% year-on-year to RMB 514,377,492.05, reflecting higher R&D investments[19] Investment and Income - The company reported a significant increase in investment income, which rose by 321.35% to RMB 142,873,766.63 from RMB 33,908,652.85 in the previous year[8] - Non-operating income totaled RMB 80,104,558.30 after tax effects and minority interests[17] Sales and Revenue - Cash received from sales of goods and services was RMB 14,742,829,243.10, a 38.84% increase from RMB 10,618,654,036.04 in the same period last year[8] - Operating revenue increased by 31.35% year-on-year to RMB 18,303,785,340.27, driven by company growth and consolidation of San Dian Co., Ltd.[18] - Cash received from sales and services increased by 38.84% year-on-year to RMB 14,742,829,243.10, attributed to company growth and consolidation of San Dian Co., Ltd.[19] Operating Costs - Operating costs rose by 35.00% year-on-year to RMB 14,912,770,352.34, primarily due to company expansion and consolidation of San Dian Co., Ltd.[18] - Cash paid for purchasing goods and services rose by 48.10% year-on-year to RMB 11,766,765,713.43, reflecting company expansion[19] Contract Liabilities - The company's contract liabilities increased by 34.12% to RMB 1,538,519,406.67 from RMB 1,147,112,513.32 year-on-year, indicating growth in business scale[7] - Contract liabilities grew by 34.12% to RMB 1,538,519,406.67, driven by company scale growth[18] Shareholder Information - The company has a significant shareholder structure, with Qingdao Hisense Air Conditioning Co., Ltd. holding 37.92% of the shares[10] - The top shareholder, Qingdao Hisense Air Conditioning Co., Ltd., holds 37.92% of the total issued shares[20]

Financial Performance - The company's operating revenue for Q3 2021 was CNY 17,643,390,799.61, representing a year-on-year increase of 28.04%[1] - The net profit attributable to shareholders for Q3 2021 was CNY 311,058,053.59, a decrease of 37.66% compared to the same period last year[1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 224,793,618.33, down 48.02% year-on-year[1] - Revenue for the period reached CNY 50.07 billion, an increase of 43.60% compared to CNY 34.87 billion in the previous period[5] - Operating costs amounted to CNY 39.46 billion, reflecting a 48.27% increase from CNY 26.61 billion year-on-year[5] - Net profit for the period was CNY 2,035,420,304.43, up from CNY 1,822,142,928.50, indicating a growth of approximately 11.7%[13] - The company reported a total profit of CNY 2,507,000,572.38, compared to CNY 2,243,724,984.44 in the previous period, which is an increase of approximately 11.7%[13] - The total comprehensive income for the period was CNY 2,049,685,773.39, compared to CNY 1,826,235,884.01 in the prior period, reflecting an increase of about 12.2%[13] Assets and Liabilities - The total assets at the end of the reporting period were CNY 54,814,699,856.18, an increase of 31.10% compared to the end of the previous year[2] - As of September 30, 2021, total assets reached RMB 54.81 billion, an increase from RMB 41.81 billion at the end of 2020, representing a growth of approximately 30.96%[10] - Total current liabilities were RMB 37.63 billion, up from RMB 26.72 billion, which is an increase of approximately 40.73%[11] - The total liabilities and owners' equity amounted to RMB 54.81 billion, consistent with the total assets, indicating a balanced financial position[11] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 3,493,522,034.65, down 14.96% year-on-year[1] - Cash received from sales and services was CNY 38.11 billion, a 35.01% increase from CNY 28.23 billion in the prior period[6] - Cash inflow from operating activities totaled CNY 40.72 billion, up from CNY 29.96 billion in the previous period, representing a 36% increase[14] - Net cash flow from operating activities was CNY 3.49 billion, down from CNY 4.11 billion, indicating a decrease of approximately 15%[14] - Cash outflow from investing activities was CNY 15.43 billion, compared to CNY 11.21 billion in the previous period, reflecting an increase of 38%[14] - Cash inflow from financing activities was CNY 3.88 billion, significantly higher than CNY 0.36 billion in the previous period[15] - The ending balance of cash and cash equivalents was CNY 3.11 billion, up from CNY 1.46 billion in the previous period, representing a 113% increase[15] Research and Development - R&D expenses increased by 53% year-on-year in the first three quarters of 2021, enhancing product competitiveness[2] - R&D expenses increased by 52.97% to CNY 1.37 billion, up from CNY 895 million, indicating a significant investment in innovation[5] - Research and development expenses increased to CNY 1,369,191,737.97 from CNY 895,047,090.83, marking a rise of about 53.0%[13] Investments and Acquisitions - The company completed the acquisition of Sanden Holdings Corporation, which has been included in the consolidated financial statements since May 31, 2021[2] - The company's investment income increased by 84.05% to CNY 228.82 million, up from CNY 124.33 million[5] - The company reported an increase in investment income to CNY 228,821,902.16 from CNY 124,325,574.32, representing a growth of approximately 83.9%[13] - The company's long-term equity investments surged to RMB 1.64 billion from RMB 523.75 million, representing a growth of about 213.56%[10] Market and Future Outlook - Export revenue for the first three quarters of 2021 grew by 58.6% year-on-year, supported by the company's sponsorship of the 2022 FIFA World Cup[2] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[10] - The company’s management highlighted ongoing efforts in market expansion and new product development as key strategies for future growth[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,091, with the largest shareholder holding 37.92%[7] - The company paid CNY 1.34 billion in dividends, compared to CNY 0.97 billion in the previous period, indicating a 38% increase[15] Miscellaneous - The overall gross profit margin improved by 1.74 percentage points compared to Q2 2021, despite rising raw material costs[2] - The weighted average return on net assets was 3.08%, a decrease of 2.40 percentage points compared to the same period last year[1] - The company did not undergo an audit for the third quarter report[16]