惠而浦 2016 年第一季度报告 公司代码：600983 公司简称：惠而浦 惠而浦（中国）股份有限公司 2016 年第一季度报告 1 / 24 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 14 | 惠而浦 2016 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 8,006,736,766.13 | 8,008,170,156.06 | | -0.02 | | 归属于上市公司 | 4,559,614,472.35 | 4,429,843,801.16 | | 2.93 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) ...

Financial Performance - In 2015, Whirlpool (China) achieved a net profit of CNY 367,695,028.24, with a 10% legal reserve allocation of CNY 36,769,502.82, leaving CNY 330,925,525.42 available for distribution to shareholders[2]. - The company's total revenue for 2015 was CNY 5,468,189,389.79, a decrease of 0.67% compared to CNY 5,504,826,211.31 in 2014[17]. - The net profit attributable to shareholders increased by 24.90% from CNY 293,624,134.63 in 2014 to CNY 366,726,440.05 in 2015[17]. - The net cash flow from operating activities improved significantly to CNY 735,030,030.93 in 2015, compared to a negative CNY 217,411,977.44 in 2014, marking a 438.08% increase[17]. - Basic earnings per share decreased by 5.88% to CNY 0.48 in 2015 from CNY 0.51 in 2014[18]. - The weighted average return on equity fell to 8.60% in 2015, down from 12.43% in 2014, a decrease of 3.83 percentage points[18]. - The company plans to distribute a cash dividend of CNY 0.60 per share, totaling CNY 45,986,340.00 to shareholders[2]. - The company reported a significant increase in revenue from small home appliances, which rose by 32.06% year-over-year, achieving a gross margin of 26.42%, an increase of 8.71 percentage points[44]. - Total sales for the year amounted to 5.468 billion RMB, a slight decrease of 0.67% compared to the previous year, while net profit increased by 24.90% to 367 million RMB[40]. Assets and Liabilities - The total assets of the company rose by 8.28% to CNY 8,008,170,156.06 at the end of 2015, up from CNY 7,395,507,523.16 in 2014[17]. - The net assets attributable to shareholders increased by 8.01% to CNY 4,429,843,801.16 at the end of 2015, compared to CNY 4,101,439,311.11 in 2014[17]. - The company's total liabilities increased by 33.69% in employee compensation, amounting to CNY 146.49 million, due to rising employee salaries and benefits[52]. - The company reported a significant increase in accounts receivable by 65.57%, totaling CNY 1.16 billion, primarily due to delayed payments from commercial clients[52]. - Current liabilities totaled CNY 3,470,364,069.33, up from CNY 3,173,798,944.79, indicating an increase of about 9.34%[155]. - The company's total liabilities reached CNY 3,577,308,041.74, compared to CNY 3,294,068,212.05, reflecting a rise of approximately 8.59%[155]. Research and Development - The company has established a national-level technology center and recognized laboratory, integrating global research results into its operations[28]. - The company’s R&D expenditure was 165.2 million RMB, a decrease of 1.71% from the previous year[42]. - In 2015, the company launched 429 new product development projects, including 204 for washing machines and 124 for refrigerators, and applied for 138 technology patents[31]. - The total R&D expenditure was CNY 165.20 million, accounting for 3.02% of total revenue, with 452 R&D personnel representing 10.07% of the total workforce[49]. Market Strategy and Innovation - The home appliance industry in China is experiencing a transformation, with a focus on innovation and product structure optimization amid a slowing market growth[29]. - The company is actively pursuing strategies in the "Internet+" and smart product sectors to maintain competitive advantages in a challenging market[29]. - The company has been recognized as one of the "Most Innovative Enterprises in China" and has a presence in over 40 countries and regions[28]. - The company successfully integrated its four major brands, enhancing product differentiation and channel layout[31]. - The company is focusing on product leadership, brand leadership, and operational excellence as part of its strategic development[56]. Corporate Governance and Management - The company has a diverse management team with various roles and responsibilities, contributing to its operational strategy[110]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 18.83 million yuan[117]. - The company has maintained independence from its controlling shareholder in terms of business, personnel, assets, institutions, and finances[135]. - The board of directors held 12 meetings during the year, with 11 conducted via communication methods[132]. - The audit committee provided important opinions on the annual report preparation and internal control self-evaluation, ensuring compliance with the company's independent culture[133]. Shareholder Information - The total number of ordinary shareholders reached 27,078 by the end of the reporting period, an increase from 24,597 at the end of the previous month, representing a growth of approximately 10.1%[92]. - The largest shareholder, Whirlpool (China) Investment Co., Ltd., holds 390,884,200 shares, accounting for 51.00% of the total shares[95]. - The second-largest shareholder, Hefei State-owned Assets Holding Co., Ltd., possesses 178,854,400 shares, which is 23.34% of the total shares, with 80,484,480 shares pledged[95]. Future Outlook - The company aims to achieve a sales revenue of CNY 6.015 billion and a net profit of CNY 412 million for the year 2016[57]. - The company plans to enhance its product offerings by launching several smart home appliances, including the Radiant "6th Sense" washing machine and Mars smart refrigerator[57]. - The company is focusing on expanding its international market presence and accelerating entry into emerging markets[58]. - The company is committed to optimizing its organizational structure and reducing costs to drive growth[57]. Compliance and Legal Matters - The company has not faced any risks of suspension from listing or bankruptcy reorganization during the reporting period[74]. - The company has not reported any major litigation or arbitration matters during the reporting period[75]. - The company has committed to not engaging in any major asset restructuring activities for a period of 6 months from December 11, 2015, to June 10, 2016[64].

2015 年第三季度报告 公司代码：600983 公司简称：惠而浦 惠而浦（中国）股份有限公司 2015 年第三季度报告 1 / 19 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 13 | 2015 年第三季度报告 一、 重要提示重要提示 二、 公司主要财务数据和股东变化 2.1 主要财务数据 | | | | 单位：元 币种：人民币 | | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 本报告期末比上年度末增减 | | | | | (%) | | 总资产 | 7,728,317,438.21 | 7,395,507,523.16 | 4.50 | | 归属于上市公司股 | 4,412,310,947.72 | 4,101,439,311.11 | 7.58 | | 东的净资产 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | （1-9 月） | ...

2015 年半年度报告 公司代码：600983 公司简称：惠而浦 惠而浦（中国）股份有限公司 2015 年半年度报告 重要提示 否 1 / 82 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 公司负责人金友华、主管会计工作负责人 Arnab K Bagchi 及会计机构负责人（会计主管人 员）霍志学声明：保证半年度报告中财务报告的真实、准确、完整。 四、 本年度报告未经审计。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 无 六、 是否存在被控股股东及其关联方非经营性占用资金情况 七、 是否存在违反规定决策程序对外提供担保的情况？ 否 八、 其他 无 | 第一节 | 释义 3 | | --- | --- | | 第二节 | 公司简介 3 | | 第三节 | 会计数据和财务指标摘要 4 | | 第四节 | 董事会报告 5 | | 第五节 | 重要事项 14 | | 第六节 | 股份变动及股东情况 20 | | 第八节 | 董事、监事、高级管理人 ...

2015 年第一季度报告 公司代码：600983 公司简称：惠而浦 惠而浦（中国）股份有限公司 2015 年第一季度报告 1 / 16 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 12 | 2015 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员应当保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人金友华、主管会计工作负责人 Arnab K Bagchi 及会计机构负责人（会计主管人员） 霍志学保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 3 / 16 2015 年第一季度报告 | 计入当期损益的政府补助，但与公司正常 | 3,728,323.72 | | --- | --- | | 经营业务密切相关，符合国家政策规定、 | | | 按照一定标准定额或定量持续享受的政 | ...

Financial Performance - The company achieved a net profit of ¥293,624,134.63 for the year 2014, with a proposed cash dividend of ¥0.50 per share, totaling ¥38,321,950.00 to be distributed to shareholders [2]. - The company plans to retain ¥225,939,771.17 as undistributed profits after the dividend distribution [2]. - The company's operating revenue for 2014 was CNY 5,504,826,211.31, representing a 3.37% increase compared to CNY 5,325,324,267.84 in 2013 [26]. - The net profit attributable to shareholders decreased by 19.04% to CNY 293,624,134.63 from CNY 362,658,996.50 in the previous year [26]. - Basic earnings per share decreased by 25.00% to CNY 0.51 from CNY 0.68 in 2013 [28]. - The company reported a net cash outflow from operating activities of CNY 217,411,977.44, contrasting with a net inflow of CNY 566,490,213.68 in 2013 [182]. - The company incurred sales expenses of CNY 1,135,576,069.45, a slight increase from CNY 1,099,761,513.46 in 2013 [180]. - The comprehensive income for the current period amounts to 293,624,134.63 [186]. Shareholder Information - The total share capital at the end of 2014 was 766,439,000 shares [2]. - The company underwent a significant shareholding change, with Whirlpool (China) Investment Co., Ltd. becoming the largest shareholder, holding 51% of the total shares [21]. - The company distributed a cash dividend of 0.50 RMB per 10 shares for the 2014 fiscal year, totaling 38,321,950 RMB, which is 13.05% of the net profit [82]. - The total number of shares increased to 766,439,000 after the issuance of 233,639,000 new shares, representing a 44.5% increase in total shares [109]. - Whirlpool (China) Investment Co., Ltd. holds 51% of the shares, making it the controlling shareholder with 390,884,200 shares [118]. Assets and Liabilities - The company's total assets increased by 30.47% to CNY 7,395,507,523.16 from CNY 5,668,522,804.89 in 2013 [27]. - The company's total liabilities decreased to RMB 3,294,068,212.05 from RMB 3,745,813,681.57, indicating a reduction of about 12.1% [178]. - The company's equity increased significantly, with total equity reaching RMB 4,101,439,311.11, up from RMB 1,922,646,123.11, marking an increase of approximately 113.1% [178]. - Cash and cash equivalents increased by 151.59% year-over-year, primarily due to significant funds raised from a non-public stock issuance [57]. - The company's accounts receivable rose to RMB 702,194,158.80 from RMB 288,746,976.35, representing an increase of about 143.5% [177]. Business Operations - The main business includes the production and sales of washing machines, refrigerators, microwaves, and air purifiers, among other products [19]. - The company launched several innovative products, including a unique slanted drum washing machine and smart air purifiers, to strengthen its market position [36]. - The company plans to expand its presence in tier-three and tier-four markets while enhancing its e-commerce channels to boost sales [36]. - The company’s strategic focus includes adjusting product structure and enhancing e-commerce and TV shopping platforms to adapt to market pressures [50]. - The company aims to achieve a sales revenue of 6.4 billion RMB and a net profit of 413 million RMB for the year 2015 [75]. Research and Development - Research and development expenses increased slightly by 1.38% to CNY 165,738,070.20 from CNY 163,484,962.56 in 2013 [38]. - The company launched 476 new product development projects, including 17 new platform projects and 36 major modifications [45]. - A total of 228 technology patents were filed in 2014, including 81 invention patents, showcasing the company's commitment to innovation [60]. - The core technology team consists of 338 members, with over 300 directly engaged in R&D, indicating a strong focus on innovation [142]. Strategic Partnerships and Agreements - The company completed a non-public stock issuance, raising a total of approximately ¥1.97 billion [49]. - The company signed a management agreement with Guangdong Whirlpool for a management fee of RMB 1 million per year, effective from January 24, 2014, for a period of 36 months [86]. - The company entered into a 50% equity custody agreement with Whirlpool (Hong Kong) Limited for Hisense Whirlpool (Zhejiang) Electric Co., Ltd. to address potential competition issues in the washing machine and refrigerator sectors [86]. - Whirlpool Group plans to integrate the microwave business of Guangdong Whirlpool into the company within 36 months after the completion of the issuance, based on fair market prices [96]. Compliance and Governance - The company received a standard unqualified audit report from Huapu Tianjian Accounting Firm [3]. - The company’s governance structure complies with the requirements of the Company Law and the China Securities Regulatory Commission [151]. - The company has implemented the ORACLE ERP system to enhance information system management, which has improved operational efficiency across various business segments [162]. - The company maintained effective internal control over financial reporting as confirmed by the internal control audit report issued by Huapu Tianjian Accounting Firm for the year 2014 [163]. Market Risks and Challenges - The company has described potential risks in its future development in the board report section [8]. - The company is facing risks from market competition, cost fluctuations, management integration challenges, and potential policy changes affecting exports [77]. - The company is responding to industry trends such as consumption upgrades and urbanization, which are expected to positively impact demand for home appliances [72].

Financial Performance - Net profit attributable to shareholders decreased by 6.01% to CNY 303,363,595.54 for the first nine months of the year[8]. - Basic earnings per share decreased by 6.56% to CNY 0.57[10]. - The company's operating revenue for Q3 2014 was CNY 1,476,645,315.09, a slight decrease of 1.2% compared to CNY 1,494,251,871.82 in Q3 2013[30]. - The net profit for Q3 2014 was CNY 106,707,845.33, down 16.9% from CNY 128,444,764.52 in the same period last year[31]. - The company reported a total comprehensive income of CNY 106,707,845.33 for Q3 2014, down from CNY 128,444,764.52 in the same period last year[31]. Assets and Liabilities - Total assets decreased by 8.35% to CNY 5,195,466,013.09 compared to the end of the previous year[8]. - The total liabilities decreased to CNY 3,012,017,294.23 from CNY 3,745,813,681.57 at the beginning of the year, indicating a reduction in financial obligations[28]. - The company's total equity increased to CNY 2,183,448,718.86 from CNY 1,922,709,123.32 at the beginning of the year, reflecting growth in shareholder value[29]. - The company's cash and cash equivalents were CNY 741,103,491.96, down from CNY 1,010,981,443.26 at the beginning of the year, reflecting a liquidity contraction[27]. - The inventory level decreased to CNY 846,374,181.12 from CNY 1,049,809,391.73, showing a reduction in stock levels[27]. Cash Flow - Operating cash flow turned negative at CNY -48,040,074.02, a decline of 116.77% compared to the same period last year[8]. - The net cash flow from operating activities dropped by 116.77% to RMB -48,040,074.02, largely due to increased advance payments and promotional expenses[18]. - Operating cash inflow for the year-to-date period reached ¥4,651,753,814.73, an increase of 6.2% compared to ¥4,379,280,055.09 in the previous year[33]. - Operating cash outflow totaled ¥4,699,793,888.75, up 14.8% from ¥4,092,816,631.97 year-on-year[33]. - The net increase in cash and cash equivalents was negative at ¥-269,877,951.30, contrasting with a positive increase of ¥200,534,891.46 in the same period last year[34]. Shareholder Information - The total number of shareholders reached 26,420 by the end of the reporting period[15]. - The largest shareholder, Hefei State-owned Assets Holding Co., Ltd., holds 33.57% of the shares[15]. - Whirlpool China became the controlling shareholder of the company after acquiring 51.00% of the shares through the non-public offering and share transfer[20]. Investments and Expenses - The company received government subsidies amounting to CNY 14,692,137.63 for the first nine months[12]. - The company's prepayments increased by 34.07% to RMB 144,147,587.05 due to higher advance payments for raw materials[17]. - Construction in progress surged by 200.83% to RMB 143,919,709.32, primarily due to increased investments in energy-efficient high-end refrigerators and microwave projects[17]. - Accounts payable decreased by 33.58% to RMB 798,440,768.49, attributed to the implementation of a payment settlement system and reduced procurement[17]. - The company reported a 277.45% increase in financial expenses, amounting to RMB -12,995,977.82, driven by higher bank deposit interest income and foreign exchange gains[17]. - Investment income plummeted by 99.97% to RMB -150.00, mainly due to significant losses from affiliated enterprises in the previous year[17].

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 2,579,868,929.90, representing a 1.63% increase compared to CNY 2,538,439,254.35 in the same period last year[24]. - The net profit attributable to shareholders for the first half of 2014 was CNY 196,655,750.21, up 1.20% from CNY 194,316,471.57 in the previous year[24]. - The basic earnings per share for the first half of 2014 was CNY 0.369, a 1.10% increase from CNY 0.365 in the same period last year[20]. - The company achieved a revenue of CNY 2,579,868,929.90 for the first half of 2014, representing a 1.63% increase compared to CNY 2,538,439,254.35 in the same period last year[28]. - The company reported a net profit of CNY 196,655,750.21, up 1.20% from CNY 194,316,471.57 in the previous year[28]. - The company reported a net profit of CNY 362,658,996.50 for the year 2013, with a cash dividend of CNY 0.80 per 10 shares distributed to shareholders, totaling CNY 42,624,000.00[41]. - The company’s main business revenue for the current period was 2,540,160,390.66 RMB, an increase from 2,481,675,153.61 RMB in the previous period[199]. - The company reported a net profit of 196,655,750.21 RMB for the current period[199]. Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY -135,815,098.36, a decrease of 210.01% compared to CNY 123,455,182.35 in the previous year[22]. - The total assets at the end of the reporting period were CNY 5,089,317,470.39, a decrease of 10.22% from CNY 5,668,522,804.89 at the end of the previous year[22]. - The company’s cash flow from investment activities was -CNY 96,703,100.48, a 139.46% increase from -CNY 40,384,402.61 year-on-year, primarily due to investments in energy-efficient refrigerators and microwave projects[30]. - The total cash and cash equivalents at the end of the period were CNY 752,374,985.51, down from CNY 1,010,981,443.26 at the beginning of the year, reflecting a decrease of approximately 25.5%[83]. - The company had a beginning cash balance of CNY 1,010,981,443.26, which decreased to CNY 752,374,985.51 by the end of the period[83]. - The total amount of deferred income at the end of the period was 117,390,002.19 RMB, down from 123,588,199.61 RMB at the beginning of the year[192]. Investments and Projects - The company invested CNY 1.7 billion in the refrigerator phase II project, which has a production capacity of 1.2 million units per year[27]. - The company also invested CNY 60 million in a project for 500,000 variable frequency smart microwave ovens, with a production capacity of 2.6 million units[27]. - The company has invested CNY 180,017,217.95 in the second phase of the Nankang Industrial Park refrigerator project, with a cumulative investment of CNY 178,332,435.61[42]. - The company has ongoing projects for which property rights certificates are being processed, expected to be completed by December 31, 2014[163]. Research and Development - Research and development expenses increased by 17.98% to CNY 60,399,841.49, reflecting the company's commitment to innovation[28]. - The company obtained 39 authorized patents during the reporting period, including 1 invention patent, 31 utility model patents, and 5 design patents[25]. - The company authorized 39 patents during the reporting period, including 1 invention, 31 utility models, 5 design patents, and 2 software copyrights[37]. Market and Sales - Revenue from the domestic market was CNY 2,223,460,152.20, reflecting a 1.14% increase, while international revenue grew by 11.79% to CNY 316,700,238.46[36]. - The company has over 1,000 agents and more than 20,000 stores in its sales network, effectively covering the third and fourth-tier markets[38]. - The company’s washing machines and microwave ovens rank among the top in domestic market share, while its refrigerators have received positive feedback in both domestic and international markets[37]. - The company has a well-established marketing channel and organizational process, maintaining good cooperation with major appliance retail chains like Gome and Suning[38]. Shareholder and Governance - The total number of shareholders at the end of the reporting period was 22,934, with the largest shareholder holding 33.57% of the shares[58]. - The company’s largest shareholder, Hefei State-owned Assets Holding Co., Ltd., holds 178,854,400 shares[58]. - The company is in the process of a non-public stock issuance, which has received approval from the Ministry of Commerce and acceptance from the China Securities Regulatory Commission[43]. - The company signed a management entrustment agreement with Guangdong Whirlpool, with an annual management fee of RMB 1 million for a period of 36 months starting from January 24, 2014[49]. - The company has no major litigation or arbitration issues during the reporting period, indicating a stable operational environment[46]. - The company’s governance practices are in compliance with the Company Law and relevant regulations of the China Securities Regulatory Commission[52]. Liabilities and Provisions - The total current liabilities decreased from CNY 3,622,225,481.96 at the beginning of the year to CNY 2,895,186,594.67, a reduction of approximately 20.1%[73]. - The total liabilities decreased from CNY 3,745,813,681.57 to CNY 3,012,576,596.86, reflecting a decline of about 19.6%[73]. - The total amount of other payables at the end of the period amounted to 154,599,440.04 RMB, down from 171,088,599.07 RMB at the beginning of the year[192]. - The impairment provision for bad debts increased to CNY 24,471,029.03 from CNY 20,900,999.53, showing an increase of CNY 3,570,029.50[175]. Accounting and Financial Reporting - The company's financial statements are prepared based on the going concern principle and comply with the requirements of enterprise accounting standards[90][91]. - The company conducts impairment testing for goodwill annually at the end of the fiscal year[96]. - The company has reported no changes in accounting policies or estimates during the reporting period[141]. - The company’s financial reports reflect its financial position, operating results, changes in shareholders' equity, and cash flows accurately and completely[91]. - The company’s accounting policies and estimates are consistent with those of the parent company for consolidated financial statements[97].

合肥荣事达三洋电器股份有限公司 600983 2014 年第一季度报告 1 | | | | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司主要财务数据和股东变化 4 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 600983 合肥荣事达三洋电器股份有限公司 2014 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 | 公司负责人姓名 | 金友华 | | --- | --- | | 主管会计工作负责人姓名 | 张拥军 | | 会计机构负责人（会计主管人员）姓名 | 霍志学 | 公司负责人金友华、主管会计工作负责人张拥军及会计机构负责人（会计主管人员）霍志学 保证季度报告中财务报表的真实、准确、完整。 1.4 公司第一季度报告中的财务报表未经审计。 3 600983 合肥荣事达三洋电器股份有限公司 2014 年第一季度报告 二、 公司主要财务数据和股东变化 2.1 主要财务 ...

Financial Performance - The company's operating revenue for 2013 was CNY 5,325,324,267.84, representing a 32.61% increase compared to CNY 4,015,757,699.10 in 2012[21] - The net profit attributable to shareholders for 2013 was CNY 362,658,996.50, a 19.46% increase from CNY 303,571,116.55 in 2012[21] - The net profit after deducting non-recurring gains and losses was CNY 344,605,096.50, up 20.61% from CNY 285,729,162.79 in 2012[21] - The net cash flow from operating activities increased by 67.66% to CNY 628,632,534.79 from CNY 374,934,253.47 in 2012[21] - The total assets at the end of 2013 were CNY 5,668,522,804.89, a 38.63% increase from CNY 4,088,886,376.53 at the end of 2012[21] - The net assets attributable to shareholders increased by 21.18% to CNY 1,922,709,123.32 from CNY 1,586,690,126.82 at the end of 2012[21] - In 2013, the company achieved a revenue growth of 32.61%, with net profit increasing by 19.46% and total tax profit rising by 19.25%[25] - The company reported a significant increase in asset impairment losses, which rose by 380.41% to ¥29,930,865.49, primarily due to inventory write-downs[39] - The company achieved a revenue growth of 32.61% year-on-year, with net profit increasing by 19.46% and total tax profit rising by over 20%[42] Dividend and Shareholder Information - The company plans to distribute a cash dividend of CNY 0.80 per 10 shares, totaling CNY 426,240,000 based on the total share capital of 532,800,000 shares[6] - The company plans to distribute cash dividends of ¥0.80 per share for the 2013 fiscal year, totaling approximately ¥42.62 million, which is 11.75% of the net profit[62] - The company has committed to a cash dividend policy that aligns with shareholder interests, despite not meeting the 30% distribution guideline set by the Shanghai Stock Exchange[60] Strategic Initiatives and Partnerships - The strategic cooperation with Whirlpool is progressing, with approvals from the Anhui Provincial State-owned Assets Supervision and Administration Commission and the Ministry of Commerce for the strategic investment project[26] - The company plans to issue 23,363.90 million shares in a private placement, with Whirlpool China set to become the controlling shareholder[40] - Whirlpool (China) signed a share purchase agreement to acquire 157,245,200 shares, resulting in a 51% ownership stake in the company after the completion of the private placement of 233,639,000 shares[63] - The private placement was approved by the Anhui Provincial State-owned Assets Supervision and Administration Commission, allowing for the issuance of up to 23,363,900 shares at a minimum price of 8.50 RMB per share[64] - The Ministry of Commerce approved the acquisition of control over the company by Whirlpool (China), allowing the transaction to proceed without restrictions[64] Research and Development - The company allocated 3%-4% of sales revenue annually for R&D in new technologies and products, resulting in 188 patents granted in 2013[26] - The company developed 266 new washing machine models, 57 refrigerator models, and 52 microwave models, achieving a new product output rate of over 66%[37] - The company has established strong R&D capabilities, with a focus on developing high-end products that align with consumer preferences, leading to a competitive advantage in the market[48] Sales and Market Expansion - The refrigerator segment saw a remarkable sales increase of 221.86%, while microwave sales grew by 50.70%[25] - The company developed 7,800 washing machine outlets and 2,500 refrigerator outlets, with a total of 16,310 distribution points[29] - Sales of washing machines, refrigerators, and microwaves showed significant growth, with expectations for continued expansion in 2014[42] - The company aims for a sales revenue target of 6.7 billion RMB and a net profit target of 400 million RMB for 2014[30] Financial Management and Internal Control - The management fee rate decreased by over 10% year-on-year due to effective cost control measures[28] - The company plans to enhance internal control management and crisis management to mitigate business risks[30] - The company maintained effective internal control over financial reporting as confirmed by the internal control audit report issued by Huapu Tianjian Accounting Firm[120][123] - The internal control system is designed to ensure compliance, asset security, and the accuracy of financial reporting[115] Corporate Governance and Management - The management team has an average industry experience of over 15 years, contributing to the company's stable operations and leading R&D capabilities[49] - The company has a governance structure that complies with the Company Law and relevant regulations, ensuring effective internal control and risk management[105] - The board includes independent directors with backgrounds in law and business management, enhancing corporate governance[92] - The company has seen a stable management team with key positions held by experienced individuals from Sanyo Electric and other related industries[92] Employee and Labor Information - The total number of employees in the company and its main subsidiaries is 3,449, with 1,625 in production, 1,154 in sales, and 424 in technical roles[99] - The company has a core technology team consisting of 258 personnel, with over 220 directly engaged in research and development[98] - The company emphasizes employee development through various training programs, including specialized training for middle and senior management[101] Accounting and Financial Reporting - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[148] - The company has no changes in accounting policies or estimates reported for the year[197] - The company recognizes investment income from interest or dividends during the holding period of financial assets[161] - The company assesses impairment of financial assets based on specific evidence, including significant financial difficulties of the issuer or debtor, and recognizes impairment losses accordingly[165] Risks and Challenges - The company has faced risks including market competition, cost fluctuations, and potential changes in management due to strategic partnerships[57][58] - The company has no significant litigation or arbitration issues during the reporting period[66] - The company has faced rising labor costs due to social factors affecting the labor market, particularly for frontline operational staff[100]