Financial Performance - In 2016, the company achieved a net profit of RMB 257,524,423.61 after deducting the net profit before the merger with the same controlling entity, with a cash dividend of RMB 1.05 per 10 shares distributed to shareholders, totaling RMB 80,476,095.00[2] - The company's operating revenue for 2016 was RMB 6,930,876,873.44, representing a 2.40% increase compared to RMB 6,768,556,728.19 in 2015[19] - The net profit attributable to shareholders of the listed company decreased by 32.99% to RMB 163,265,050.33 in 2016 from RMB 243,632,422.89 in 2015[19] - The basic earnings per share for 2016 was RMB 0.49, down 14.04% from RMB 0.57 in 2015[20] - The weighted average return on equity decreased to 7.53% in 2016 from 9.36% in 2015, a decline of 1.83 percentage points[20] - The company reported a net cash flow from operating activities of RMB 1,061,104,403.92, an increase of 18.09% compared to RMB 898,538,339.30 in 2015[19] - Total assets at the end of 2016 were RMB 9,295,776,293.00, a slight increase of 0.87% from RMB 9,215,879,252.99 at the end of 2015[19] - The net profit for 2016 was RMB 372 million, a decrease of 15.52% compared to the previous year[52] - The total operating revenue for 2016 was CNY 6,930,876,873.44, an increase of 2.4% from CNY 6,768,556,728.19 in the previous year[164] - The total operating costs for 2016 amounted to CNY 6,597,715,494.98, up from CNY 6,374,538,323.98, reflecting a year-over-year increase of 3.5%[164] - The total comprehensive income for 2016 was CNY 374,128,269.16, compared to CNY 442,710,591.85 in 2015, reflecting a decrease of 15.5%[165] Strategic Initiatives - The company plans to continue focusing on product development and market expansion strategies in the future[3] - The company is focusing on smart manufacturing and innovation to adapt to the changing market dynamics and consumer preferences in the home appliance industry[30] - The company aims to integrate its century-long data accumulation with modern technology to produce more innovative and environmentally friendly products[31] - The company is focusing on expanding its kitchen appliance market, launching 11 new kitchen appliance products[49] - The company plans to enhance its operational efficiency and talent selection to drive innovation and development[73] - The company is committed to improving its operational capital and efficiency through lean management practices[73] - The company will leverage global resources to accelerate the internationalization of domestic products and vice versa[73] Acquisitions and Partnerships - The company completed the acquisition of Guangdong Whirlpool at the end of 2016, enhancing its microwave business integration and expansion[43] - The strategic partnership with Whirlpool has enabled the company to leverage global resources and enhance its operational capabilities[32] - The company completed the acquisition of 100% equity in Guangdong Whirlpool for RMB 740.57 million, enhancing its microwave business integration and expansion[48] - Whirlpool Group committed to integrating Guangdong Whirlpool's microwave business into the company within 36 months after the completion of the issuance, based on fair market prices[85] Market and Competitive Landscape - The competitive landscape in the home appliance industry is intensifying, with a trend towards higher market concentration among major brands[71] - The home appliance market in China is experiencing a shift towards "low-speed, upgrade, and new channels" due to macroeconomic trends and rapid internet development[70] - Online sales continue to grow rapidly, while offline markets, especially in lower-tier cities, show sluggish growth[70] Risk Management - The company faced risks including policy, financial, market, and operational risks, as detailed in the report[5] - The company faces risks from market competition, cost fluctuations, and management challenges due to its multi-brand strategy[74] Corporate Governance and Compliance - The company has established a comprehensive internal control system in compliance with both Chinese regulations and SOX requirements, enhancing risk management capabilities[141] - The audit committee effectively supervised the preparation of the annual report and provided important recommendations regarding compliance and internal control[143] - The financial statements are prepared based on the accounting standards issued by the Ministry of Finance, reflecting the company's financial status and operating results accurately[200] Employee and Management Compensation - The total compensation for Chairman Jin Youhua during the reporting period was 2.28 million yuan[122] - CFO George Wong received a total compensation of 2.14 million yuan during the reporting period[122] - The total compensation for all directors, supervisors, and senior management at the end of the reporting period amounted to 20.11 million yuan[127] - The company has established a competitive salary level based on macroeconomic conditions and operational performance, aiming to attract and retain talent[133] Financial Management and Investments - The total amount of various related party transactions in 2016 reached RMB 1,883,531,554.70, including RMB 1,770,053,580.66 for purchase and sales of goods and services[93] - The company reported a total entrusted financial management amount of 100,000,000 RMB, with a recovered principal of 21,000,000 RMB and actual earnings of 234.63 million RMB as of December 31, 2016[101] - The company has made substantial investments in fixed assets, with a reported value of RMB 996,452,074.88, down from RMB 1,014,510,543.53, a decrease of approximately 1.8%[158][159] Shareholder Information - The top shareholder, Whirlpool (China) Investment Co., Ltd., holds 51.00% of the shares, totaling 390,884,200 shares[110] - The second-largest shareholder, Hefei State-owned Assets Holding Co., Ltd., holds 23.34% of the shares, totaling 178,854,400 shares[110] - The company has a total of 28,399 ordinary shareholders as of the end of the reporting period, an increase from 27,133 in the previous month[108] Future Outlook - The company aims for a sales revenue target of RMB 7.5 billion and a net profit target of RMB 400 million for 2017[51] - The company plans to continue focusing on market expansion and new product development in the upcoming fiscal year[179]

Financial Performance - Net profit attributable to shareholders decreased by 28.60% to CNY 249,339,353.33 year-on-year[7] - Operating revenue declined by 5.20% to CNY 4,059,855,237.47 for the first nine months of the year[7] - Basic earnings per share fell by 28.26% to CNY 0.33[7] - The weighted average return on equity decreased by 2.7 percentage points to 5.50%[7] - Operating profit decreased by 33.88% to ¥208,056,304.60 attributed to rising raw material prices and increased manufacturing costs[15] - Total revenue for Q3 2016 was CNY 1,396,766,613.91, a decrease of 7.2% compared to CNY 1,505,188,369.25 in Q3 2015[34] - Year-to-date revenue for the first nine months of 2016 reached CNY 4,059,855,237.47, down 5.2% from CNY 4,282,451,635.77 in the same period last year[34] - Net profit attributable to shareholders for Q3 2016 was CNY 69,024,099.19, a decline of 52.8% compared to CNY 146,140,904.34 in Q3 2015[39] - The total profit for Q3 2016 was CNY 76,488,902.59, a decrease of 54.8% compared to CNY 169,277,050.49 in Q3 2015[39] Assets and Liabilities - Total assets increased by 6.24% to CNY 8,507,501,751.61 compared to the end of the previous year[7] - Total liabilities increased to CNY 3,874,304,937.12 from CNY 3,578,326,354.90 at the start of the year[29] - Non-current liabilities increased by 248.48% to ¥379,268,025.61 mainly due to government land compensation received[15] - Cash and cash equivalents increased to CNY 3,325,517,630.62 from CNY 2,849,225,283.30 at the start of the year[30] - Accounts receivable increased by 34.45% to ¥1,563,147,165.23 due to delays in payment from commercial clients[15] - Inventory decreased to ¥787,172,253.03 from ¥992,656,364.87, reflecting a decline of approximately 20.7%[27] Cash Flow - Net cash flow from operating activities surged by 317.16% to CNY 478,781,349.23 compared to the same period last year[7] - Cash flow from operating activities generated a net cash inflow of ¥478,781,349.23, a significant increase from ¥114,772,363.44 in the previous year[42] - Cash flow from investing activities showed a net inflow of ¥41,148,090.49, recovering from a net outflow of ¥264,582,186.63 in the previous year[42] - The net increase in cash and cash equivalents for the period was ¥479,915,971.09, contrasting with a decrease of ¥177,122,531.55 in the previous year[43] Shareholder Information - The total number of shareholders reached 32,356 at the end of the reporting period[11] - The largest shareholder, Whirlpool (China) Investment Co., Ltd., holds 51.00% of the shares[11] - The company reported a total of 157,245,200 shares held by the commitment party, along with a subscription of 233,639,000 shares in a private placement[18] Commitments and Future Plans - The company committed to not engage in any actions that could lead to its delisting or loss of listing qualifications for a period of 36 months[18] - The company and its controlling shareholders will not establish any new businesses in China that compete with its main operations during the control period[19] - The company will focus on operating and selling its main business products in the Chinese market and globally for OEM and ODM businesses[20] - The company plans to integrate the microwave business of Guangdong Whirlpool into its operations within 36 months post-issuance, based on fair market principles[20] - Whirlpool Group has pledged to compensate the listed company for any actual losses incurred due to breaches of commitments by Whirlpool Group or its affiliates[22] Government and Non-Recurring Items - Government subsidies recognized in the current period amounted to CNY 23,428,423.72[9] - Non-recurring gains and losses totaled CNY 19,906,689.72 for the current period[10]

Financial Performance - The company's operating revenue for the first half of 2016 was ¥2,663,088,623.56, a decrease of 4.11% compared to ¥2,777,263,266.52 in the same period last year[15]. - The net profit attributable to shareholders for the first half of 2016 was ¥180,315,254.14, down 11.20% from ¥203,052,682.27 in the previous year[15]. - The net cash flow from operating activities decreased by 56.88%, amounting to ¥187,356,605.62 compared to ¥434,450,140.32 in the same period last year[15]. - Basic earnings per share for the first half of 2016 were ¥0.24, a decrease of 7.69% compared to ¥0.26 in the same period last year[16]. - The weighted average return on net assets was 3.99%, down 0.89 percentage points from 4.88% in the previous year[16]. - The net profit after deducting non-recurring gains and losses was ¥132,629,996.25, down 22.10% from ¥170,246,025.35 in the same period last year[15]. - Total profit for the current period is ¥210,213,312.97, compared to ¥235,055,384.85 in the previous period, a decrease of 10.6%[89]. - The total comprehensive income for the current period was CNY 180,315,254.14[101]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,247,892,611.34, reflecting a 2.99% increase from ¥8,008,170,156.06 at the end of the previous year[15]. - The total current assets amount to RMB 6,939,788,308.23, an increase from RMB 6,658,543,937.36 in the previous period[77]. - Total liabilities amounted to CNY 3,637,733,556.04, slightly up from CNY 3,578,326,354.90, indicating an increase of about 1.65%[79]. - Total equity increased to CNY 4,610,159,055.30 from CNY 4,429,843,801.16, representing a growth of approximately 4.07%[79]. - The total owner's equity at the end of the current period was CNY 4,266,170,000[101]. Cash Flow - The net cash flow from operating activities for the first half of 2016 was RMB 187,356,605.62, a decrease of 56.9% compared to RMB 434,450,140.32 in the same period last year[92]. - Total cash inflow from operating activities amounted to RMB 3,110,647,999.74, while cash outflow was RMB 2,923,291,394.12, resulting in a net cash inflow of RMB 187,356,605.62[92]. - The total cash and cash equivalents at the end of the period reached RMB 3,307,244,289.93, an increase from RMB 2,740,725,359.75 at the end of the previous period[93]. - Cash flow from investment activities generated a net inflow of RMB 269,343,198.70, compared to a net outflow of RMB 88,327,281.00 in the previous period[94]. Market Performance - E-commerce channel sales for washing machines grew by 102% in the first half of the year, while the kitchen appliance division saw a 48% increase in sales[23]. - Sales revenue in the Chinese market decreased by 8.01%, while international sales increased by 17.78%[32]. Research and Development - R&D expenditure increased by 29.36% to ¥81,061,484.95, driven by new product development efforts[30]. - The company completed 130 new product development projects during the reporting period, with 59 technology patents filed[34]. Corporate Governance - The company appointed Ernst & Young Hua Ming as the financial audit and internal control audit institution for the 2016 fiscal year[63]. - The total number of shareholders at the end of the reporting period was 26,610[67]. - The company has not experienced any penalties or rectifications related to its directors, supervisors, or senior management during the reporting period[64]. Strategic Initiatives - The company plans to enhance internal reforms to improve competitiveness, aiming to streamline management and increase operational efficiency[24]. - The company is focusing on integrating Japanese technology with Whirlpool's global technology to drive innovation[25]. - The company aims to transition to an innovation-driven model, leveraging internet technologies for new product breakthroughs[25]. Shareholder and Equity Information - The largest shareholder, Whirlpool (China) Investment Co., Ltd., holds 390,884,200 shares, representing 51.00% of total shares[69]. - Hefei State-owned Assets Holding Co., Ltd. holds 178,854,400 shares, accounting for 23.34% of total shares[69]. - The company distributed cash dividends of CNY 0.60 per 10 shares, totaling CNY 45.99 million, based on a total share capital of 766,439,000 shares as of the end of 2015[49]. Compliance and Regulations - The company has no significant discrepancies in governance compared to the requirements of the Company Law and relevant regulations[64]. - There were no significant matters requiring disclosure as per the securities regulatory authority's requirements[67]. Future Outlook - The company aims to enhance its market presence through strategic partnerships and potential acquisitions in the upcoming quarters[107]. - The company is focusing on new product development and technological advancements to drive future growth[107].

Financial Performance - Operating revenue for the first quarter was CNY 1,550,138,175.8, representing a year-on-year increase of 1.16%[7] - Net profit attributable to shareholders of the listed company was CNY 121,312,523.24, an increase of 10.79% compared to the same period last year[7] - The company experienced a net profit growth of 14.80% in the first quarter compared to the same period last year[7] - Basic earnings per share were CNY 0.17, reflecting a growth of 13.33% year-on-year[7] - The weighted average return on equity increased by 0.17 percentage points to 2.89%[7] - Total operating revenue for Q1 2016 was CNY 1,550,138,175.80, a slight increase of 1.2% compared to CNY 1,532,334,250.08 in Q1 2015[32] - Operating profit for Q1 2016 increased to CNY 139,887,778.73, compared to CNY 126,884,092.44 in Q1 2015, reflecting a growth of 10.5%[33] - Net profit for Q1 2016 was CNY 129,770,671.19, representing a 14.8% increase from CNY 113,045,068.96 in Q1 2015[37] - The total profit for Q1 2016 was CNY 149,838,541.03, up from CNY 131,052,469.70 in Q1 2015, marking a growth of 14.4%[36] Cash Flow - The net cash flow from operating activities was CNY -19,168,180.36, a significant decrease of 114.70% compared to the previous year[7] - Operating cash flow turned negative at -19,168,180.36, a decline of 114.70% compared to the previous year, primarily due to increased procurement payments and performance bonuses[15] - Cash flow from operating activities in Q1 2016 was CNY 1,553,622,324.09, slightly down from CNY 1,555,195,036.63 in Q1 2015[39] - The net cash flow from operating activities was -21,169,629.41 RMB, a significant decrease compared to 130,426,536.82 RMB in the previous period[42] - Total cash inflow from operating activities was 1,583,390,106.22 RMB, slightly up from 1,557,082,926.30 RMB year-over-year[42] - Cash outflow from operating activities totaled 1,604,559,735.63 RMB, compared to 1,426,656,389.48 RMB in the previous period, indicating an increase of approximately 12.5%[42] - The net cash flow from investing activities was -14,508,616.52 RMB, an improvement from -37,680,151.58 RMB in the previous period[43] - Cash inflow from investing activities was 73,227,633.31 RMB, a significant increase from 9,253,011.96 RMB year-over-year[42] - Cash outflow from investing activities was 87,736,249.83 RMB, compared to 46,933,163.54 RMB in the previous period, reflecting a 87% increase[43] - The net increase in cash and cash equivalents was -36,021,894.45 RMB, compared to an increase of 95,407,449.60 RMB in the previous period[43] - The ending balance of cash and cash equivalents was 2,813,203,388.85 RMB, down from 2,638,897,327.82 RMB in the previous period[43] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,006,736,766.13, a decrease of 0.02% compared to the end of the previous year[7] - Total liabilities decreased from CNY 3,577,308,041.74 to CNY 3,444,102,531.57, a decline of about 3.71%[30] - Current liabilities decreased from CNY 3,470,364,069.33 to CNY 3,340,489,882.88, representing a decrease of approximately 3.74%[30] - Shareholders' equity increased from CNY 4,430,812,389.35 to CNY 4,560,583,060.54, reflecting an increase of about 2.93%[30] - Accounts receivable rose significantly from CNY 1,162,618,139.74 to CNY 1,490,548,939.25, marking an increase of about 28.25%[29] - Inventory decreased from CNY 992,656,364.87 to CNY 894,062,970.94, a reduction of approximately 9.93%[29] - The company reported a significant increase in accounts payable from CNY 1,312,827,651.26 to CNY 1,384,777,139.65, an increase of about 5.23%[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,597[12] - The largest shareholder, Whirlpool (China) Investment Co., Ltd., held 51.00% of the shares[12] Business Strategy and Compliance - Whirlpool Group committed to avoiding potential competition with its subsidiaries in China and will dispose of any competing assets if necessary[17] - The company will focus on its main business products in the Chinese market and global OEM/ODM operations[17] - Whirlpool Group plans to integrate Guangdong Whirlpool's microwave business into the company within 36 months post-issuance, based on fair market pricing[18] - The management of Guangdong Whirlpool's operations will be entrusted to the company during the transition period, with fees determined at market rates[18] - Whirlpool Group is negotiating the handling of its 50% stake in Hisense Whirlpool with its joint venture partner, Hisense Kelon Electric Co., Ltd[18] - The company will ensure that any new business expansions do not compete with its existing main products or services[17] - Whirlpool Group will provide competitive pricing for products sold through its subsidiaries and distributors in China[17] - The company is committed to maintaining compliance with relevant Chinese laws and regulations during its operations[18] - Whirlpool Group will not establish new subsidiaries outside of China that compete with its existing businesses[18] - The company will prioritize resolving any potential competition issues with its subsidiaries in a timely manner[17] - Whirlpool Group will no longer procure Whirlpool brand products from Hisense Whirlpool for sales within China, ensuring that only the listed company has the right to purchase these products[19] - The company confirmed that if it suffers economic losses due to the sale of inventory, Hisense Whirlpool will compensate for the reasonable economic losses incurred[20] - Whirlpool Group has committed to prioritizing procurement from the company under equal conditions during the period when it holds more than 50% of the total shares of the company[20] - The company plans to integrate the microwave oven business of Guangdong Whirlpool into the listed company within 36 months after Whirlpool Group becomes the actual controller of the listed company[20] - The company will compensate the listed company in cash for any delays in fulfilling obligations related to the transfer of shares, calculated based on 50% of the audited sales revenue of Hisense Whirlpool in China[20] - Whirlpool Group will ensure that no competition arises with Hefei Sanyo's business activities to avoid conflicts[19] - The company is currently in discussions regarding the transfer of 50% equity of Hisense Whirlpool (Zhejiang) Electric Co., Ltd. and has no plans to sell this equity to the listed company[20] - The company has committed to properly arrange the equity held by Whirlpool (Hong Kong) Limited in Hisense Whirlpool to avoid potential competition and ensure compliance with relevant laws[19] Other Financial Information - The company reported a non-operating income of CNY 8,458,147.95, after accounting for various non-recurring items[10] - Prepayments increased by 52.21% from the beginning of the year to 102,991,339.98, mainly due to an increase in raw material prepayments[14] - Interest receivables decreased by 36.94% to 8,082,140.66, primarily due to a reduction in time deposits[14] - Tax payables surged by 280.81% to 132,478,774.89, attributed to an increase in taxes incurred during the period[14] - Financial expenses decreased by 43.65% to -6,744,556.66, mainly due to a reduction in time deposits and an increase in foreign exchange losses[14] - Employee compensation payables decreased by 47.42% to 77,020,868.68, mainly due to the payment of year-end performance bonuses[14] - Inventory impairment losses decreased by 40.92% to 6,503,696.50, primarily due to a reduction in inventory write-down provisions[15] - The financial statements as of March 31, 2016, are prepared in RMB and are unaudited[23] - Total assets decreased slightly from CNY 8,008,170,156.06 at the beginning of the year to CNY 8,004,685,592.11 by the end of the period, representing a decrease of approximately 0.02%[27] - Current assets increased marginally from CNY 6,658,494,212.39 to CNY 6,668,153,440.32, reflecting a growth of about 0.15%[29] - Cash and cash equivalents decreased from CNY 2,849,225,283.30 to CNY 2,813,203,388.85, a decline of approximately 1.27%[28]

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].

Financial Performance - Operating revenue for the first nine months rose by 5.57% to CNY 4,282,451,635.77 year-on-year[6] - Net profit attributable to shareholders increased by 15.11% to CNY 349,193,586.61 for the first nine months[6] - The total operating revenue for the first nine months of 2015 was CNY 4,282,451,635.77, an increase from CNY 4,056,514,244.99 in the same period last year, representing a growth of approximately 5.56%[29] - The net profit for the first nine months of 2015 was CNY 314,650,556.61, compared to CNY 336,893,595.31 in the previous year, indicating a decrease of about 6.58%[29] - Net cash flow from operating activities improved significantly, reaching CNY 114,772,363.44, a 338.91% increase compared to the same period last year[6] - Operating income from non-operating activities grew by 402.21% to ¥89,789,320.08, largely from increased government subsidies received[12] - The company reported a gross profit of CNY 1,505,188,369.25 for the third quarter of 2015, compared to CNY 1,476,645,315.09 in the same quarter last year, which is an increase of approximately 1.8%[29] - Net profit for Q3 2015 was ¥146,140,904.34, compared to ¥106,707,845.33 in Q3 2014, reflecting a growth of approximately 37%[31] Assets and Liabilities - Total assets increased by 4.50% to CNY 7,728,317,438.21 compared to the end of the previous year[6] - The company's total liabilities were CNY 3,316,006,490.49, slightly up from CNY 3,294,068,212.05 at the start of the year, showing a marginal increase of about 0.67%[25] - Current assets totaled CNY 6,504,983,951.69, compared to CNY 6,236,210,800.62 at the beginning of the year, marking an increase of approximately 4.31%[24] - Cash and cash equivalents at the end of the period reached ¥2,212,859,317.97, a 198.59% increase from the beginning of the year, mainly due to increased fundraising[13] - The company's cash and cash equivalents were CNY 2,212,859,317.97, down from CNY 2,543,489,878.22, indicating a decrease of approximately 13%[24] - Accounts receivable increased by 73.75% to ¥1,220,044,045.71 due to revenue growth and increased sales efforts for the Whirlpool brand[12] Shareholder Information - The total number of shareholders reached 22,541 by the end of the reporting period[9] - The largest shareholder, Whirlpool (China) Investment Co., Ltd., holds 51.00% of the shares[9] Government Subsidies and Financial Support - The company received government subsidies amounting to CNY 50,986,723.72 during the reporting period[8] - Cash flow from operating activities showed a net increase of 338.91% to ¥114,772,363.44, attributed to higher government subsidies and export tax rebates[13] Business Strategy and Commitments - The company is in the process of a major asset restructuring involving the acquisition of assets from its controlling shareholder, Whirlpool (China) Investment Co., Ltd.[14] - The company has signed a framework agreement for the issuance of shares to purchase assets, with due diligence and evaluations currently underway[15] - The company will focus on its main business operations in China and will not establish any competing businesses during the period when Whirlpool Group is the actual controller[18] - The company has committed to disposing of any assets or businesses that may compete with its main business in China if such competition arises after the issuance completion[18] - Whirlpool Group plans to integrate Guangdong Whirlpool's microwave business into the company within 36 months after the completion of the issuance, based on fair market prices[19] Financial Ratios and Metrics - The weighted average return on equity decreased by 6.58 percentage points to 8.20%[6] - Basic earnings per share decreased by 19.30% to CNY 0.46[7] - Basic earnings per share for Q3 2015 was ¥0.20, an increase from ¥0.19 in Q3 2014[31]

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 ...

Financial Performance - Operating revenue rose by 8.41% to CNY 1,532,334,250.08 year-on-year[6] - Net profit attributable to shareholders decreased by 7.31% to CNY 113,045,068.96 compared to the same period last year[6] - Basic earnings per share fell by 34.78% to CNY 0.15[6] - The weighted average return on equity decreased by 3.43 percentage points to 2.72%[6] - The company's operating revenue for the current period reached ¥1,532,334,250.08, representing an increase of 8.4% compared to ¥1,413,491,000.38 in the previous period[25] - The net profit for the current period was ¥113,045,068.96, a decrease of 7.5% from ¥121,964,486.17 in the previous period[26] - The operating profit decreased to ¥126,884,092.44, down 7.3% from ¥137,393,735.69 in the previous period[25] - The total comprehensive income for the current period was ¥113,045,068.96, compared to ¥121,964,486.17 in the previous period[26] - The company reported a basic and diluted earnings per share of ¥0.15, down from ¥0.23 in the previous period[26] Assets and Liabilities - Total assets increased by 3.60% to CNY 7,661,827,942.33 compared to the end of the previous year[6] - The company's cash and cash equivalents increased to CNY 2,638,897,327.82 from CNY 2,543,489,878.22, representing a rise of about 3.8%[22][23] - Accounts receivable rose to CNY 888,981,178.56, up from CNY 702,194,158.80, indicating a significant increase of approximately 26.6%[22][23] - Inventory decreased to CNY 851,984,693.57 from CNY 954,323,002.08, showing a decline of about 10.7%[22][23] - Total liabilities increased to CNY 3,447,343,562.26 from CNY 3,294,068,212.05, marking an increase of approximately 4.7%[23][24] - The company's total equity reached CNY 4,214,484,380.07, up from CNY 4,101,439,311.11, reflecting a growth of about 2.8%[24] Cash Flow - Cash flow from operating activities decreased by 1.00% to CNY 130,426,536.82[6] - Cash paid for operating activities rose by 38.85% to 199,234,378.63, mainly due to increased sales investments[12] - Cash received from investment activities increased by 71.57% to 9,247,011.96, primarily from higher deposit interest income[12] - The cash flow from investing activities resulted in a net outflow of ¥37,680,151.58, an improvement from a net outflow of ¥46,416,795.63 in the previous period[29] - The company experienced a cash inflow from operating activities totaling ¥1,557,082,926.30, compared to ¥1,595,581,627.75 in the previous period[29] - The impact of exchange rate changes on cash and cash equivalents increased by 267.75% to 2,661,064.36, due to higher foreign exchange settlement gains[12] - The company reported a foreign exchange impact on cash and cash equivalents of ¥2,661,064.36, compared to ¥723,606.14 in the previous period[29] Shareholder Information - The total number of shareholders reached 28,108 by the end of the reporting period[10] - The largest shareholder, Whirlpool (China) Investment Co., Ltd., holds 51.00% of the shares[10] Business Strategy and Commitments - The company has not disclosed any new product developments or market expansion strategies in this report[4] - The company plans to integrate the microwave business of Guangdong Whirlpool into the listed company within 36 months after the completion of the issuance, based on fair market prices[15] - Whirlpool Group commits to avoiding potential competition with Hisense Whirlpool by ensuring that only the listed company can procure Whirlpool brand products for sale in China[16] - The company will manage the operations of Guangdong Whirlpool during the transition period under a custody agreement, with fees determined at fair market prices[15] - Whirlpool Group will negotiate the handling of its 50% stake in Hisense Whirlpool with its joint venture partner, Hisense Kelon Electric Holdings Co., Ltd[16] - The company has established commitments to avoid engaging in competitive activities with Hefei Sanyo to protect shareholder interests[16] - Whirlpool Group will compensate the listed company for any actual losses incurred due to breaches of commitments related to competition[16] - The company is focused on expanding its distribution channels and logistics chains outside of China, adhering to Whirlpool Group's global sales strategy[15] - The listed company has exclusive rights to procure Whirlpool brand products from Hisense Whirlpool for domestic sales in China[16] - The company is committed to fair and reasonable transactions with Hefei Sanyo to maintain the interests of all shareholders[16] - Whirlpool Group will ensure that any potential conflicts of interest are managed appropriately to avoid competition with its subsidiaries[15]

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].