2017 年年度报告 公司代码：603868 公司简称：飞科电器 上海飞科电器股份有限公司 2017 年年度报告 2018 年 4 月 9 日 1 / 178 2017 年年度报告 重要提示 三、 立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人李丐腾、主管会计工作负责人胡莹及会计机构负责人（会计主管人员）王慧声明： 保证年度报告中财务报告的真实、准确、完整。 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 拟以 2017 年 12 月 31 日的总股本 435,600,000 股为基数，向全体股东每 10 股派发现金红利 15 元（含税），共计分配现金红利 653,400,000.00 元，该利润分配预案尚需公司股东大会批准。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质性承诺，请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 第一节 释义 一、 释义 九、 重大风险提示 详见"第四节 经营情 ...

[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) [Assurance of Report Authenticity and Completeness](index=3&type=section&id=1.1%20Assurance%20of%20Report%20Authenticity%20and%20Completeness) The company's management assures the authenticity and completeness of this unaudited quarterly report, assuming legal responsibility - The company's management guarantees the authenticity, accuracy, and completeness of this report's content and assumes legal responsibility[6](index=6&type=chunk) - This company's Q3 2017 report has not been audited[6](index=6&type=chunk) [Company Profile](index=3&type=section&id=Item%20II.%20Company%20Profile) [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) In the first three quarters of 2017, the company achieved steady performance growth, with operating revenue increasing by 14.40% to 2.663 billion Yuan and net profit attributable to shareholders rising by 42.77% to 600 million Yuan, alongside a 29.38% increase in net operating cash flow Key Financial Data for Q1-Q3 2017 | Metric | Year-to-date (Jan-Sep) (Yuan) | Prior Year Period (Jan-Sep) (Yuan) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 2,663,407,530.64 | 2,328,214,031.46 | 14.40% | | Net Profit Attributable to Shareholders | 599,854,866.46 | 420,156,446.36 | 42.77% | | Net Cash Flow from Operating Activities | 608,903,331.87 | 470,635,457.93 | 29.38% | | Basic Earnings Per Share (Yuan/share) | 1.38 | 1.01 | 36.63% | | Weighted Average Return on Net Assets (%) | 28.34% | 24.45% | Increase by 3.89 percentage points | [Non-Recurring Gains and Losses Items and Amounts](index=4&type=section&id=2.2%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) In the first three quarters of 2017, the company's total non-recurring gains and losses amounted to 37.67 million Yuan, primarily comprising government subsidies of 38.56 million Yuan and investment income from entrusted asset management of 12.93 million Yuan Non-Recurring Gains and Losses Items for Q1-Q3 2017 | Item | Year-to-date Amount (Jan-Sep) (Yuan) | | :--- | :--- | | Government subsidies included in current profit and loss | 38,558,798.38 | | Gains and losses from entrusted investments or asset management | 12,932,575.46 | | **Total** | **37,669,924.14** | [Shareholder Ownership](index=4&type=section&id=2.3%20Shareholder%20Ownership) As of the reporting period end, the company had 10,651 shareholders, with highly concentrated equity where controlling shareholder Shanghai Flyco Investment Co., Ltd. and actual controller Li Gaiteng collectively held 89.99% of shares - As of the end of the reporting period, the total number of shareholders was **10,651**[8](index=8&type=chunk) - The company's equity is highly concentrated, with controlling shareholder Shanghai Flyco Investment Co., Ltd. holding **80.99%** and actual controller Li Gaiteng holding **9.00%**[8](index=8&type=chunk)[9](index=9&type=chunk) [Significant Events](index=6&type=section&id=Item%20III.%20Significant%20Events) [Analysis of Significant Changes in Key Financial Statement Items and Indicators](index=6&type=section&id=3.1%20Analysis%20of%20Significant%20Changes%20in%20Key%20Financial%20Statement%20Items%20and%20Indicators) During the reporting period, several financial statement items saw significant changes, including a 97.80% increase in intangible assets due to land use rights and ERP software purchases, a 309.44% rise in non-operating income from government subsidies, and a 42.77% growth in net profit driven by revenue and cost control - Intangible assets increased by **97.80%** from the beginning of the year, primarily due to the purchase of Songjiang land use rights and the implementation of ERP management software during the reporting period[11](index=11&type=chunk) - Non-operating income increased by **309.44%** year-on-year, mainly due to increased government subsidies[11](index=11&type=chunk) - Net profit increased by **42.77%** year-on-year, attributed to revenue growth and effective cost and expense control[12](index=12&type=chunk) - Net cash outflow from investing activities increased, primarily due to the rolling purchase of short-term bank wealth management products and the acquisition of Songjiang land use rights[12](index=12&type=chunk) - Net cash flow from financing activities decreased by **239.35%** year-on-year, mainly because the prior year period included proceeds from the initial public offering[12](index=12&type=chunk) [Appendix](index=9&type=section&id=Item%20IV.%20Appendix) [Financial Statements](index=9&type=section&id=4.1%20Financial%20Statements) This appendix includes the company's unaudited Q3 2017 consolidated and parent company financial statements, comprising the balance sheet, income statement, and cash flow statement [Consolidated Balance Sheet](index=9&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2017, total assets were 2.966 billion Yuan, a 6.53% increase from the beginning of the year, with net assets attributable to shareholders at 2.175 billion Yuan, up 8.17%, driven by other current assets and intangible assets Key Consolidated Balance Sheet Items | Item | Period-end Balance (Yuan) | Beginning of Year Balance (Yuan) | Change Percentage (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,966,243,852.17 | 2,784,339,348.19 | 6.53% | | Total Liabilities | 791,541,672.78 | 773,892,035.26 | 2.28% | | Equity Attributable to Parent Company Owners | 2,174,702,179.39 | 2,010,447,312.93 | 8.17% | [Consolidated Income Statement](index=13&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2017, the company achieved total operating revenue of 2.663 billion Yuan, a 14.40% year-on-year increase, with net profit attributable to parent company owners reaching 600 million Yuan, up 42.77%, significantly enhancing profitability Key Consolidated Income Statement Items (Jan-Sep) | Item | Jan-Sep 2017 (Yuan) | Jan-Sep 2016 (Yuan) | Change Percentage (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 2,663,407,530.64 | 2,328,214,031.46 | 14.40% | | Total Operating Costs | 1,910,291,002.14 | 1,785,665,362.54 | 6.98% | | Net Profit | 599,854,866.46 | 420,156,446.36 | 42.77% | | Basic Earnings Per Share (Yuan/share) | 1.38 | 1.01 | 36.63% | [Consolidated Cash Flow Statement](index=18&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2017, net cash flow from operating activities was 609 million Yuan, up 29.38%, indicating healthy core business cash flow, while net cash outflows from investing and financing activities were 341 million Yuan and 430 million Yuan, respectively Key Consolidated Cash Flow Statement Items (Jan-Sep) | Item | Jan-Sep 2017 (Yuan) | Jan-Sep 2016 (Yuan) | Change Percentage (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 608,903,331.87 | 470,635,457.93 | 29.38% | | Net Cash Flow from Investing Activities | -341,210,652.93 | -94,047,106.98 | N/A | | Net Cash Flow from Financing Activities | -429,671,400.00 | 308,346,600.00 | -239.35% | [Audit Report](index=21&type=section&id=4.2%20Audit%20Report) This quarterly report has not been audited - The report explicitly states that the audit report is not applicable as the quarterly financial statements are unaudited[35](index=35&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2017 reached ¥1,722,653,337.33, representing a 19.04% increase compared to ¥1,447,089,290.30 in the same period last year[21]. - Net profit attributable to shareholders was ¥378,990,652.57, a significant increase of 53.93% from ¥246,215,185.37 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥345,770,077.20, up 45.64% from ¥237,409,553.62 in the same period last year[21]. - The basic earnings per share increased to ¥0.87, a rise of 42.62% compared to ¥0.61 in the previous year[22]. - The weighted average return on net assets improved to 17.82%, an increase of 1.07 percentage points from 16.75% in the previous year[22]. - The total operating revenue for the current period reached ¥1,722,653,337.33, an increase of 18.93% compared to ¥1,447,089,290.30 in the previous period[106]. - Operating profit for the current period was ¥474,112,085.58, representing a 47.3% increase from ¥322,040,444.64 in the previous period[106]. - The total profit for the current period was ¥508,758,775.43, up 54.8% from ¥328,601,532.15 in the previous period[107]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,652,797,451.42, down 4.72% from ¥2,784,339,348.19 at the end of the previous year[21]. - The company's net assets attributable to shareholders decreased by 2.82% to ¥1,953,837,965.50 from ¥2,010,447,312.93 at the end of the previous year[21]. - Total assets decreased from ¥2,784,339,348.19 to ¥2,652,797,451.42, a decline of approximately 4.7%[99]. - Current liabilities decreased from ¥738,199,280.07 to ¥657,627,771.92, a reduction of about 10.9%[99]. - Total liabilities decreased from ¥773,892,035.26 to ¥698,959,485.92, a decline of around 9.7%[99]. - The total current assets as of June 30, 2017, amounted to RMB 1,847,188,546.08, a decrease from RMB 2,060,961,677.31 at the beginning of the period[98]. - Cash and cash equivalents decreased to RMB 643,508,196.67 from RMB 871,739,724.58[98]. Cash Flow - The net cash flow from operating activities was ¥282,859,198.96, slightly up by 0.33% from ¥281,934,495.43 in the same period last year[21]. - Cash inflow from sales of goods and services was ¥1,963,079,022.62, up from ¥1,725,610,233.07, reflecting a growth of approximately 13.8%[116]. - Cash inflow from investment activities totaled ¥2,438,721,356.04, compared to ¥1,516,752,339.41 in the prior period, indicating a significant increase of about 60.6%[114]. - The ending balance of cash and cash equivalents stood at ¥643,508,196.67, down from ¥909,304,539.73 in the previous period[114]. Market and Sales - Sales volume of electric shavers reached 28.55 million units, marking a growth of 4.72% compared to the previous year[36]. - The gross margin for electric shavers was 44.69%, an increase of 1.59 percentage points year-on-year[37]. - The e-commerce channel generated revenue of ¥83,083,930, achieving a year-on-year growth of 51.02%, and accounted for 48.23% of total operating revenue[41]. - The personal care appliance market in China was valued at CNY 18.3 billion in 2016, with a penetration rate of 3.9%, compared to 17.8% in the U.S.[31]. Research and Development - Research and development expenses increased by 66.07% to ¥23,374,722.56, reflecting the company's commitment to enhancing product categories in home appliances[43]. - The company plans to launch new products such as humidifiers, air purifiers, health scales, and vacuum cleaners in the second half of 2017[39]. - The company has developed the Feike Smart APP and Feike Mall APP, which support the smart and cloud integration of its products[39]. Risks and Challenges - The company faces risks related to macroeconomic fluctuations, which could negatively impact consumer demand for personal care and home appliances[52]. - The company's product sales are primarily concentrated in electric shavers and hair dryers, posing a risk if there are adverse changes in these industries[52]. - Fluctuations in raw material prices directly affect product costs and profitability, and the company aims to leverage brand premium and procurement negotiation capabilities to counteract these risks[53]. - Rising labor costs due to structural shortages in the workforce are a concern, and the company plans to optimize production capacity and product structure to mitigate these effects[53]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,671[86]. - The largest shareholder, Shanghai Feike Investment Co., Ltd., held 352,800,000 shares, representing 80.99% of the total shares[88]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[57]. - The company reported government subsidies amounting to CNY 443,968.92 recognized as other income for the first half of 2017[80]. Corporate Governance - All resolutions from the annual shareholders' meeting were approved without any rejections[56]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[91]. - There were no changes in the board of directors or senior management during the reporting period[94]. - The company has committed to not transferring or managing its shares for 36 months post-IPO, with specific conditions for share reduction thereafter[60]. Accounting Policies - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[137]. - The company's functional currency for accounting purposes is the Renminbi[140]. - The company includes all subsidiaries in the consolidated financial statements based on control, ensuring consistent accounting policies across all entities[143].

Financial Performance - Operating revenue rose by 20.27% to CNY 940,522,661.55 for the first quarter[7] - Net profit attributable to shareholders increased by 38.22% to CNY 200,448,783.49 year-on-year[7] - Basic and diluted earnings per share increased by 24.32% to CNY 0.46[7] - Revenue for Q1 2017 reached ¥200,448,783.49, an increase of 38.22% compared to ¥145,017,792.69 in the same period last year[14] - Total revenue for Q1 2017 reached ¥940,522,661.55, an increase of 20.2% compared to ¥781,985,810.96 in the same period last year[26] - Net profit for Q1 2017 was ¥200,448,783.49, representing a 38.3% increase from ¥145,017,792.69 in Q1 2016[28] - Earnings per share for Q1 2017 were ¥0.46, compared to ¥0.37 in the same quarter last year, reflecting a growth of 24.3%[28] - The company's net profit margin for Q1 2017 was approximately 38.22%, reflecting effective cost control alongside revenue growth[14] Cash Flow - Net cash flow from operating activities surged by 56.75% to CNY 201,167,843.65[7] - Cash flow from operating activities increased by 56.75% to ¥201,167,843.65 compared to ¥128,335,165.60 in the previous year[14] - The total cash inflow from investment activities was ¥960,858,982.89, compared to ¥629,183,060.18 in the same period last year[32] - The company reported a cash outflow from investment activities of ¥1,172,688,049.70, which is significantly higher than ¥704,204,204.01 in Q1 2016[32] - The company’s investment activities resulted in a net cash flow of -¥211,829,066.81, worsening from -¥75,021,143.83 in the same quarter last year[32] - The net cash flow from investing activities was -$187.71 million, compared to -$37.20 million in the previous year, indicating a significant increase in cash outflow[35] Assets and Liabilities - Total assets increased by 1.56% to CNY 2,827,806,003.19 compared to the end of the previous year[7] - The total liabilities decreased to ¥616,909,906.77 from ¥773,892,035.26, indicating improved financial health[20] - Total liabilities decreased to ¥560,807,101.38 from ¥725,895,738.46, a reduction of 22.7%[24] - Total equity increased to ¥2,121,874,416.40 from ¥1,931,592,142.29, marking a growth of 9.8%[24] - The company's cash and cash equivalents stood at ¥866,723,481.53, slightly down from ¥871,739,724.58 at the start of the year[18] Inventory and Receivables - Inventory decreased by 37.88% to CNY 229,967,115.15, indicating reduced stockpiling[13] - Inventory decreased significantly to ¥199,119,812.64 from ¥340,968,141.30, a decline of 41.5%[23] - Accounts receivable increased to ¥142,837,634.08 from ¥134,215,160.09, indicating a growth of 5.9%[22] Shareholder Information - The number of shareholders reached 20,593, with the top ten shareholders holding 90.26% of shares[10] Expenses - Management expenses rose to ¥36,684,672.90, a 56.82% increase from ¥23,393,341.19, primarily due to increased R&D and depreciation costs[14]

Financial Performance - The company's operating revenue for 2016 was ¥3,363,894,822.32, representing a 20.89% increase compared to ¥2,782,626,790.84 in 2015[23] - The net profit attributable to shareholders for 2016 was ¥613,231,153.71, which is a 22.23% increase from ¥501,711,378.49 in 2015[23] - The net cash flow from operating activities reached ¥799,850,727.50, an 88.20% increase compared to ¥425,011,626.22 in 2015[23] - The total assets of the company at the end of 2016 were ¥2,784,339,348.19, a 64.73% increase from ¥1,690,234,122.35 in 2015[23] - The net assets attributable to shareholders increased by 82.04% to ¥2,010,447,312.93 at the end of 2016 from ¥1,104,393,470.49 at the end of 2015[23] - Basic earnings per share for 2016 were ¥1.46, up 14.06% from ¥1.28 in 2015[24] - The weighted average return on equity for 2016 was 34.30%, a decrease of 20.93 percentage points from 55.23% in 2015[24] Market and Product Development - The personal care small appliance market in China is projected to grow at a compound annual growth rate (CAGR) of 15.50% from 2015 to 2020, indicating strong market potential[37] - The company has established a comprehensive product system in personal care appliances, including electric shavers, hair dryers, and other grooming devices[32] - The company launched 8 new personal care products during the reporting period, contributing to its competitive advantage in the market[47] - The company plans to launch new home appliance products such as humidifiers and air purifiers in 2017, enhancing its product portfolio[48] - The company is focusing on building a smart home appliance platform, including the development of multiple smart APP applications and enhancing its cloud platform capabilities[104] Sales and Distribution - The company achieved a revenue of 3,363.89 million yuan, representing a year-on-year growth of 20.89%[46] - The company’s e-commerce channel generated sales revenue of 1,487.00 million yuan, reflecting a year-on-year growth of 44.35%[53] - The dual-brand strategy resulted in sales of the sub-brand "POREE" reaching 139.57 million yuan, with a year-on-year increase of 21.56%[51] - The company has developed a network of 587 distributors by the end of 2016, enhancing its market penetration[36] - The company’s electronic commerce sales strategy is focused on maintaining product rankings on major platforms like Tmall and JD.com[53] Financial Management and Investments - The company received government subsidies amounting to ¥12,708,346.24 in 2016, which are closely related to its normal business operations[28] - The company has engaged in various bank wealth management products, with total investments amounting to 1,000,000,000.00, yielding a total profit of 2,000,000.00[137] - The total investment in bank wealth management products reached 1,000,000,000.00 CNY with a total profit of 1,377,565.26 CNY, representing a return of approximately 0.14%[139] - The company plans to continue leveraging bank wealth management products as a key investment strategy moving forward[139] Corporate Governance and Compliance - The company has implemented a complete decision-making process and supervision mechanism for profit distribution, ensuring the protection of minority shareholders' rights[111] - The company has committed to not abusing the controlling shareholder position and will not interfere with operational management[124] - The company will disclose the implementation of stock price stabilization measures in regular reports, including any remedial actions if measures are not fulfilled[120] - The company has maintained a governance structure that ensures clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[183] - The company has established various management systems, including those for investor relations and insider information, to ensure compliance and transparency[184] Employee and Management Structure - The total number of employees in the parent company is 563, while the total number of employees in major subsidiaries is 2,185, resulting in a combined total of 2,749 employees[178] - The company emphasizes a salary policy that combines basic salary with performance evaluation, ensuring competitiveness within the industry[179] - The company has implemented a training program aimed at enhancing employees' professional skills and overall quality, contributing to improved management levels[180] - The company’s management team has extensive experience in various sectors, contributing to strategic decision-making[171] Risk Management - The company faces risks from macroeconomic fluctuations that could impact consumer spending on personal care and home appliances[106] - Rising raw material prices may affect profitability, but the company plans to leverage brand strength and procurement capabilities to mitigate this risk[107] - The concentration of sales in electric shavers and hair dryers poses a risk, prompting the company to diversify its product range[106] Shareholder Returns - The company plans to distribute a cash dividend of 10 RMB per 10 shares, totaling 435,600,000 RMB based on a total share capital of 435,600,000 shares as of December 31, 2016[111] - The cash dividend distribution for 2016 represents 71.03% of the net profit attributable to ordinary shareholders, which is 613,231,153.71 RMB[112] - The company has not made any adjustments to its cash dividend policy during the reporting period[112] Audit and Legal Compliance - The company reported no significant litigation or arbitration matters during the fiscal year[133] - The company has not faced any penalties or corrective actions from regulatory bodies[133] - The audit opinion confirmed that the financial statements fairly represent the company's financial position as of December 31, 2016, in accordance with accounting standards[199]

Financial Performance - Operating revenue for the first nine months reached CNY 2,328,214,031.46, a 21.00% increase year-on-year[6] - Net profit attributable to shareholders increased by 21.13% to CNY 420,156,446.36 compared to the same period last year[6] - Basic earnings per share rose by 14.77% to CNY 1.01 compared to the same period last year[6] - Total revenue for Q3 2016 reached ¥881,124,741.16, a 45% increase compared to ¥607,320,945.77 in Q3 2015[28] - Year-to-date revenue for 2016 was ¥2,328,214,031.46, up from ¥1,924,194,994.66 in the same period last year, reflecting a growth of approximately 21%[28] - Net profit for Q3 2016 reached 173,941,260.99 CNY, up from 106,203,136.75 CNY in Q3 2015, indicating a growth of approximately 63.6%[31] - The total comprehensive income for Q3 2016 was 173,941,260.99 CNY, compared to 106,203,136.75 CNY in Q3 2015, reflecting a growth of approximately 63.6%[32] Assets and Liabilities - Total assets increased by 48.90% to CNY 2,516,677,834.88 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 64.50% to CNY 1,816,676,516.85 compared to the end of the previous year[6] - The company's total liabilities were not specified, but the increase in current liabilities suggests a potential need for careful cash flow management[25] - Total liabilities increased to ¥700,001,318.03 from ¥585,840,651.86, representing an increase of approximately 19%[26] Cash Flow - Net cash flow from operating activities increased by 98.04% to CNY 470,635,457.93 compared to the same period last year[6] - Cash flow from operating activities increased by 98.04% to ¥470,635,457.93, attributed to increased sales and collections[15] - The cash flow from financing activities was impacted by dividend payments of ¥431,680,000.00, compared to ¥219,520,000.00 in the previous year, representing an increase of approximately 96.5%[40] - The total cash inflow from investment activities for the first nine months of 2016 was CNY 2,441,660,928.48, compared to CNY 1,493,446,126.96 in the same period last year, reflecting a growth of approximately 63.5%[36] Shareholder Information - The total number of shareholders reached 25,553 by the end of the reporting period[11] - The largest shareholder, Shanghai Feike Investment Co., Ltd., holds 80.99% of the shares[11] - The company distributed cash dividends totaling ¥435,600,000 based on a dividend of ¥10 per 10 shares[16] - The company reported a 96.65% increase in cash dividends distributed, amounting to ¥431,680,000[15] Investment and Expansion Plans - The company plans to provide interest-free loans totaling ¥28.7353 million to its wholly-owned subsidiaries for production expansion projects[17] - The company has plans for market expansion and new product development, although specific figures and timelines were not disclosed in the report[28] Stock Price Stabilization Measures - The company committed to repurchase shares if there are false statements or significant omissions in the prospectus that affect the judgment of compliance with legal issuance conditions[19] - The controlling shareholder promised not to transfer or manage shares for 36 months post-IPO, with a lock-up period extending if stock prices fall below the issue price[19] - The company will implement stock price stabilization measures if the stock price falls below the latest audited net asset value for 20 consecutive trading days within three years post-listing[20] - The company plans to use up to 10% of its undistributed profits for repurchasing public shares as part of the stock price stabilization plan[20] Operational Costs - Total operating costs for Q3 2016 amounted to 655,418,428.72 CNY, compared to 484,556,197.85 CNY in Q3 2015, reflecting an increase of about 35.3%[30] - Operating expenses for Q3 2016 included sales expenses of 89,723,884.60 CNY, which increased from 80,286,812.33 CNY in Q3 2015, reflecting a rise of about 17.9%[30]

Financial Performance - In the first half of 2016, the company achieved a net profit of RMB 235,813,343.31, with an ending retained earnings balance of RMB 768,249,759.50[4] - The company's operating income for the first half of 2016 was RMB 1,447,089,290.30, representing a 9.89% increase compared to RMB 1,316,874,048.89 in the same period last year[23] - The net profit attributable to shareholders of the listed company was RMB 246,215,185.37, a 2.31% increase from RMB 240,658,428.29 in the previous year[23] - The net cash flow from operating activities increased by 22.51% to RMB 281,934,495.43, compared to RMB 230,133,459.74 in the same period last year[23] - The total assets of the company reached RMB 2,719,645,646.89, marking a 60.90% increase from RMB 1,690,234,122.35 at the end of the previous year[23] - The net assets attributable to shareholders of the listed company increased by 88.19% to RMB 2,078,335,255.86, compared to RMB 1,104,393,470.49 at the end of the previous year[23] - The basic earnings per share remained stable at RMB 0.61, while the diluted earnings per share also stood at RMB 0.61[24] - The weighted average return on equity decreased by 12.15 percentage points to 16.75% compared to 28.90% in the same period last year[24] Revenue and Sales - The company achieved a revenue of 1,447.09 million CNY, representing a growth of 9.89% compared to the same period last year[31] - E-commerce revenue reached 550.15 million CNY, accounting for 38.02% of total revenue, with a growth of 33.22% year-on-year[31] - Domestic sales revenue is CNY 1,435,539,044.77, showing a year-on-year increase of 10.04%, while international sales decreased by 6.91% to CNY 9,667,741.09[47] Investments and Expenditures - Research and development expenditure increased by 59.00%, amounting to CNY 14,075,279.10, compared to CNY 8,852,438.82 in the previous year[38] - The company has increased its investment in brand promotion, marketing, and technology research and development to enhance brand influence and R&D capabilities[42] - The company invested a total of 1.1 billion RMB in various bank wealth management products with an average annualized return rate of 2.70%[53] - The company has diversified its investments across multiple banks, including Industrial and Commercial Bank of China and Ping An Bank[53] Corporate Governance and Compliance - The company has established a governance structure in compliance with relevant laws and regulations, enhancing its corporate governance capabilities[75] - The company has retained the auditing firm for the fiscal year 2016, ensuring compliance with financial reporting standards[74] - The company is subject to regulatory oversight regarding its share repurchase obligations and will face penalties for non-compliance[72] Shareholder Information - The company approved the issuance of 43,600,000 new shares, increasing total share capital from 392,000,000 to 435,600,000 shares[80] - As of the end of the reporting period, the total number of shareholders was 28,171[82] - The company’s major shareholders include domestic non-state-owned legal entities holding 352,800,000 shares, representing 80.99% of total shares[79] Cash Flow and Liquidity - The total cash and cash equivalents increased to ¥909,304,539.73 from ¥89,314,151.10, showing significant growth[90] - Accounts receivable decreased to ¥70,230,911.37 from ¥94,556,235.84, indicating improved collection efficiency[90] - Total current assets reached ¥1,989,614,859.53, up from ¥995,262,007.05, indicating strong liquidity position[90] Future Plans and Market Strategy - The company plans to continue optimizing its product structure and extend its product categories to meet new consumer demands[31] - The company is focusing on international market expansion, establishing sales regions in Mexico and India[35] - The company plans to expand its market presence and invest in new product development to drive future growth[98] Accounting Policies and Financial Reporting - The company’s financial statements are prepared based on the going concern principle, adhering to relevant accounting standards[121] - The company adheres to the enterprise accounting standards, ensuring that the financial statements accurately reflect its financial position, operating results, and cash flows for the reporting period[123] - The company does not apply significant changes to important accounting policies or estimates during the reporting period[198]

公司代码：603868 公司简称：飞科电器 上海飞科电器股份有限公司 2016 年第一季度报告 1 / 22 2016 年第一季度报告 目录 | | 重要提示… | | --- | --- | | | 二、公司主要财务数据和股东变化 | | ー、 | 重要重重 | | 四 | 附求 . | 2 / 22 一、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 | 1,689,210,631.77 | 1,690,234,122.35 | -0.06 | | 归属于上市公司股东的净资产 | 1,249,411,263.18 | 1,104,393,470.49 | 13.13 | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | （1-3 月） | （1-3 月） | | | 经营活动产生的现金流量净额 | 128,335,165.60 | 36,113,488.44 | 255. ...