Group 1: Sales Performance - The company reported strong sales performance during the "Double Eleven" shopping festival, particularly in online sales, with significant growth in categories such as automatic cleaning soybean milk machines [1] - Six product categories achieved industry recognition during the event, indicating robust market demand [1] Group 2: Profit Margins and Cost Management - The company's gross profit margin is maintained at approximately 33%, despite fluctuations in production costs [1] - To manage costs, the company employs strategies such as locking in material prices, while focusing on enhancing product competitiveness through value marketing [1] Group 3: Product Development and Market Trends - The soybean milk machine product line has stabilized, with the launch of the automatic cleaning soybean milk machine attracting a younger consumer demographic [1] - The company’s wall-breaking cooking machines have also seen rapid growth, with new products like silent and vacuum wall-breaking machines leading the market and maintaining the highest market share [1] - In 2017, the cooking machine product line generated over 1 billion yuan in revenue, and the company anticipates continued growth in this segment [1]

九阳股份有限公司投资者关系活动记录表 证券代码： 002242 证券简称：九阳股份 | --- | --- | --- | --- | |------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------- ...

九阳股份有限公司投资者关系活动记录表 证券代码： 002242 证券简称：九阳股份 | --- | --- | --- | --- | |------------------------|------------------------------------------|---------------------------------------------------------------------|-------------------------------------------------------------------| | 投资者关系活动类别 | √特定对象调研 \n□ 新闻发布会 | □ 分析师会议 □ 媒体采访 \n □ 路演活动 □ 现场参观 | □ 业绩说明会 \n √电话会议 | | 参与单位名称及人员姓名 | 中金公司：韦一飞； | Neuberger Berman: | 颜言；富达国际 : 朱星辰；宁泉资 | | | 产 : | 吴隆昊；嘉实基金 : 卓佳亮；博鸿投资 : | 李永喜；第一北京投资 : 陈 | | | 泽平； Tiger Pacific: | 赵忠祥、石 ...

Group 1: Company Performance and Product Development - In the first half of the year, despite significant industry pressure, Joyoung's new product launches in the second quarter positively contributed to its market position, including air fryers and zero-coating rice cookers [1] - The zero-coating rice cooker utilizes advanced technology and materials, achieving a high antibacterial rate of 99.99% with 316L medical-grade stainless steel, catering to consumer demand for healthier options [3] - Joyoung plans to continue focusing on the small home appliance sector, promoting the development of series and suite products [1] Group 2: Product Categories and Innovations - The air fryer category has been a key focus for Joyoung, utilizing space station heating technology to improve cooking efficiency and address consumer pain points [1] - Joyoung has launched a new line of cleaning appliances, including a floor washing machine, leveraging dual-brand strategies to target different consumer segments [3] - The company is also enhancing its power product line with higher quality and more functional offerings, such as the space technology series of wall-breaking machines [4] Group 3: Cost Management and Market Strategy - Rising raw material prices have pressured industry costs, but recent stabilization in commodity prices is expected to alleviate some cost pressures [4] - Joyoung is implementing proactive measures to improve gross margins and profitability, including product structure optimization and supply chain upgrades [4] - Collaboration with JS Global Life is evident in R&D and procurement, with Joyoung producing ODM kitchen appliances for JS Global's Ninja brand [4]

证券代码：002242 证券简称：九阳股份 | --- | --- | --- | --- | --- | |----------------|-----------------------------------|----------------------------------|----------|------------------------------------------------------------| | | | | | | | 投资者关系活动 | 特定对象调研 | 分析师会议 | 媒体采访 | 业绩说明会 | | 类别 | 新闻发布会 | 路演活动 | 现场参观 | | | | | 其他（请文字说明其他活动内容） | | | | 活动参与人员 | | | | 中金公司：魏儒镝、韦一飞、汤亚玮；紫金投资：王梦如； | | | | | | 旭松资本：孙秋池；安和资本：颜泽巢；Cederberg：洪流； | | | 银润资产：李悦 | | | Destination：翁珏；墨钜资产：储凡、黄田；中信：黄舒文； | | | | | | | | 时间 地点 | 2022 年 7 月 15 日 ...

证券代码：002242 证券简称：九阳股份 | --- | --- | --- | |----------------|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The total revenue for the third quarter was ¥2,214,588,864.01, representing a decrease of 3.23% compared to the same period last year[6] - The net profit attributable to shareholders was ¥158,189,969.70, down 25.28% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥159,359,269.72, a decrease of 19.32%[6] - The basic earnings per share were ¥0.21, reflecting a decline of 27.59% compared to the previous year[6] - Total operating revenue for the current period is ¥6,925,037,008.62, a decrease of 1.52% from ¥7,031,953,663.00 in the previous period[33] - Net profit attributable to shareholders of the parent company is ¥504,596,360.46, down 24.0% from ¥663,158,912.96 in the same period last year[36] - Operating profit for the current period is ¥573,641,638.02, a decline of 21.0% compared to ¥725,077,538.27 in the previous period[33] - The company reported a total comprehensive income of ¥523,590,540.35, compared to ¥633,292,119.08 in the previous period, indicating a decrease of 17.3%[36] - Basic earnings per share decreased to ¥0.66 from ¥0.87, representing a decline of 24.1%[36] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,337,760,383.84, a decrease of 13.84% from the end of the previous year[6] - Current assets totaled ¥5,328,320,871.81, down from ¥6,522,298,711.04, indicating a reduction of about 18.3%[25] - Total liabilities as of September 30, 2022, were ¥3,630,024,762.57, down from ¥4,274,651,031.81, representing a decrease of about 15.1%[28] - The company's equity attributable to shareholders decreased from ¥4,263,662,880.72 to ¥3,693,864,123.75, a decline of approximately 13.4%[28] Cash Flow - The cash flow from operating activities was ¥909,813,991.63, an increase of 297.87% compared to the same period last year[11] - Total cash inflow from operating activities is ¥8,871,237,620.25, an increase of 8.3% from ¥8,190,877,360.67 in the previous period[38] - The net cash flow from operating activities was $909,813,991.63, a significant improvement from a negative cash flow of $459,813,538.33 in the previous period, indicating a recovery in operational performance[41] - Total cash outflow from operating activities amounted to $7,961,423,628.62, down from $8,650,690,899.00 in the prior period, reflecting a reduction in operational expenses[41] - The ending balance of cash and cash equivalents was $1,777,032,162.30, a significant increase from $472,597,336.92 in the prior period, indicating improved liquidity[41] Shareholder Actions - The company completed the first phase of its employee stock ownership plan, purchasing a total of 8,000,000 shares, accounting for 1.04% of the total share capital, with a total transaction amount of RMB 121,068,322.09 (excluding transaction fees) [21] - The company repurchased a total of 12,000,000 shares, representing 1.56% of the total share capital, with a total payment of RMB 204,080,639.52 (excluding transaction fees) [20] - The company announced a cash dividend of RMB 5.0 per 10 shares, based on a total share capital of 756,217,000 shares after accounting for repurchased shares [16] - The maximum repurchase price was adjusted from RMB 30 per share to RMB 29 per share, with an estimated repurchase amount of approximately RMB 3.5 billion at the upper limit [19] - The company’s stock repurchase plan was approved by the board and is intended for employee stock ownership and equity incentive plans [18] - The company’s stock repurchase plan was completed within the stipulated timeframe, adhering to relevant laws and regulations [20] Operational Efficiency - The company reported a significant reduction in trading financial assets, which decreased by 71.27% to ¥141,637,233.37 due to a decrease in purchased financial products[11] - The inventory turnover improved, with inventory decreasing by 33.90% to ¥692,622,690.80[11] - The company is focusing on reducing inventory levels, which may indicate a strategic shift towards improving operational efficiency and liquidity management[25] - Research and development expenses increased to ¥244,203,246.98, up from ¥226,557,709.56, reflecting a focus on innovation[33] Tax and Expenses - The company’s tax expenses for the current period are ¥70,519,810.73, down from ¥95,219,286.13 in the previous period, indicating improved tax efficiency[33]

Financial Performance - The total revenue for the first half of 2022 was CNY 4,710,448,144.61, a decrease of 0.70% compared to CNY 4,743,532,346.81 in the same period last year[28]. - The net profit attributable to shareholders was CNY 346,406,390.76, down 23.27% from CNY 451,454,511.23 year-on-year[28]. - The net profit after deducting non-recurring gains and losses was CNY 299,028,193.10, a decrease of 14.31% compared to CNY 348,957,572.66 in the previous year[28]. - Basic earnings per share were CNY 0.45, down 22.41% from CNY 0.58 in the previous year[28]. - The total comprehensive income for the first half of 2022 was approximately 352.47 million, compared to 432.80 million in the first half of 2021, indicating a decrease of about 18.5%[185]. - The company reported a net loss attributable to shareholders of CNY 763.94 million for the first half of 2022, indicating a challenging financial environment[200]. - The capital reserve decreased by CNY 42.08 million during the reporting period, highlighting potential financial strain[199]. Cash Flow - The net cash flow from operating activities was CNY 464,033,063.69, a significant increase of 239.59% from a negative cash flow of CNY -332,426,945.14 in the same period last year[28]. - Operating cash inflow for the first half of 2022 was CNY 6,345,470,604.28, an increase from CNY 6,002,792,426.98 in the same period of 2021, representing a growth of approximately 5.7%[190]. - The net cash flow from investment activities improved to CNY 115,278,737.37 in the first half of 2022 from a net outflow of CNY -72,435,006.34 in the first half of 2021[193]. - The company experienced a net decrease in cash and cash equivalents of CNY -305,379,472.31 in the first half of 2022, compared to a net decrease of CNY -436,784,883.27 in the first half of 2021[193]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,090,645,917.50, a decrease of 16.74% from CNY 8,516,380,670.95 at the end of the previous year[28]. - The total liabilities decreased to CNY 3,385,161,017.29 as of June 30, 2022, compared to CNY 4,274,651,031.81 at the start of the year, indicating a decline of about 20.8%[172]. - The company's total liabilities included accounts payable of CNY 1,312,286,141.26, which decreased from CNY 2,079,168,330.26, a decline of 36.9%[169]. - The total equity attributable to shareholders decreased to CNY 3,692,205,500.83 as of June 30, 2022, down from CNY 4,263,662,880.72 at the start of the year, a decline of about 13.4%[172]. Investment and R&D - Research and development expenses rose by 10.91% to ¥171,131,790.21, compared to ¥154,301,153.16 in the previous year[48]. - The company plans to enhance its product lineup, particularly in the air fryer category, which is expected to further increase its revenue share in the future[52]. - The company reported a non-recurring profit of ¥47,378,197.66 for the period, primarily driven by government subsidies of ¥74,320,410.34[31]. Market and Operational Strategy - The company launched several new products, including a wall-breaking machine with zinc oxide antibacterial technology and a non-stick frying pan, enhancing brand influence and technological appeal[39]. - The company has fully entered the cleaning small appliance sector, achieving comprehensive coverage in the small appliance category[43]. - The company’s digital platform has been enhanced to support a fully integrated O2O marketing operation system, improving consumer engagement and brand loyalty[42]. - The company aims to strengthen its brand assets in "Family Kitchen," "Public Welfare Kitchen," and "Space Kitchen," leveraging consumer insights for product innovation[44]. - The company faced challenges from rising international commodity prices, impacting operational efficiency[38]. Shareholder and Equity Information - The company plans to distribute a cash dividend of CNY 5.00 per 10 shares, totaling CNY 378,108,500.00 based on the current total share capital[6]. - The company has repurchased 7,428,000 shares for a total amount of RMB 125,004,202.82, which is treated as part of the cash dividend[90]. - The company has a total of 756,217,000 shares as the basis for its dividend distribution plan[90]. - The company’s major shareholder, Shanghai Lihong Enterprise Management Co., holds 50.13% of the shares, while Bilting Developments Limited holds 16.94%[149]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[6]. - The company is addressing operational risks by optimizing its supply chain and stabilizing production costs to enhance profitability[81]. - The company has established internal control measures for foreign exchange hedging to mitigate risks associated with currency fluctuations[68].

Financial Performance - The operating revenue for Q1 2022 was CNY 2,328,527,536.97, representing a 3.83% increase compared to CNY 2,242,694,899.52 in the same period last year[5]. - The net profit attributable to shareholders decreased by 7.70% to CNY 166,241,068.10 from CNY 180,103,795.09 year-on-year[5]. - Total revenue for the period reached ¥2,328,527,536.97, an increase from ¥2,242,694,899.52 in the previous period, representing a growth of approximately 3.83%[32]. - Net profit for the period was ¥162,677,352.27, compared to ¥175,378,065.71 in the previous period, reflecting a decrease of approximately 7.00%[35]. - Total comprehensive income for the period was ¥159,600,546.29, a decrease of 9.4% from ¥177,098,038.75 in the previous period[38]. Cash Flow - The net cash flow from operating activities significantly improved by 375.47%, reaching CNY 495,669,740.10, compared to a negative cash flow of CNY -179,932,954.23 in the previous year[5]. - Cash inflow from operating activities totaled ¥3,365,280,209.93, up 28% from ¥2,631,039,042.60[39]. - Cash outflow for operating activities was ¥2,869,610,469.83, slightly up from ¥2,810,971,996.83[42]. - Net cash flow from investment activities was negative at -¥75,467,391.13, an improvement from -¥558,996,150.81 in the previous period[42]. - Cash and cash equivalents increased to 2,562,953,716.45 RMB from 1,986,843,911.48 RMB[26]. - Cash and cash equivalents at the end of the period increased to ¥2,136,476,269.43 from ¥1,065,551,254.02, marking a significant rise[42]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,429,014,890.21, a decrease of 1.03% from CNY 8,516,380,670.95 at the end of the previous year[5]. - Total liabilities decreased to ¥4,027,684,704.78 from ¥4,274,651,031.81, representing a reduction of approximately 5.77%[32]. - The company's current assets totaled 6,464,823,795.23 RMB at the end of the reporting period, compared to 6,522,298,711.04 RMB at the beginning of the year[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 42,257[14]. - Shanghai Lihong Enterprise Management Co., Ltd. held 50.13% of shares, totaling 384,523,746 shares, with 307,618,897 shares pledged[14]. - BILTING DEVELOPMENTS LIMITED owned 16.94% of shares, amounting to 129,924,090 shares, with 103,939,172 shares pledged[14]. - The company's cash dividend distribution plan for 2021 was approved, proposing a cash dividend of 10.0 RMB per 10 shares, based on a total share capital of 767,017,000 shares[21]. Expenses - Total operating costs amounted to ¥2,139,608,721.45, up from ¥2,056,676,274.10, indicating an increase of about 4.00%[34]. - Research and development expenses for the period were ¥88,441,844.05, compared to ¥79,022,046.04 in the previous period, marking an increase of approximately 11.00%[34]. - The company reported a decrease in sales expenses to ¥256,877,422.54 from ¥353,355,791.17, a reduction of about 27.30%[34]. Equity and Earnings - The equity attributable to shareholders increased by 3.83% to CNY 4,426,827,142.84 from CNY 4,263,662,880.72 year-on-year[5]. - The basic earnings per share decreased by 8.33% to CNY 0.22 from CNY 0.24 in the same period last year[5]. - The weighted average return on equity was 3.83%, down by 0.29 percentage points from 4.12% in the previous year[5].

Financial Performance - The total operating revenue for 2021 was CNY 10,540,473,926.06, a decrease of 6.09% compared to 2020[31] - The net profit attributable to shareholders was CNY 745,601,463.86, down 20.69% from the previous year[31] - The net cash flow from operating activities was negative at CNY -34,788,705.11, a decline of 101.73% compared to 2020[31] - Basic earnings per share decreased by 21.14% to CNY 0.97[31] - The total assets at the end of 2021 were CNY 8,516,380,670.95, a decrease of 6.77% from the end of 2020[31] - The net assets attributable to shareholders were CNY 4,263,662,880.72, a slight decrease of 0.47% compared to the previous year[31] - The weighted average return on equity was 17.45%, down from 23.83% in 2020[31] - The company reported a net profit excluding non-recurring gains and losses of CNY 596,777,184.42, a decrease of 12.29% from 2020[31] - The company reported a total profit of CNY 790.50 million, down 25.63% year-on-year, and a net profit attributable to shareholders of CNY 745.60 million, down 20.69%[52] - The company’s gross profit margin decreased by 4.27 percentage points year-on-year[52] Cash Flow and Investments - The company’s operating cash flow was negative at CNY -34.79 million, a decline of 101.73% year-on-year[53] - The net cash flow from investment activities increased by 219.44% to ¥788,585,926.81, mainly due to the recovery of fixed asset disposal proceeds and reduced financial investments[77] - The cash and cash equivalents net increase was -¥37,868,650.08, a decline of 106.85% compared to the previous year[77] - The company reported an investment income of ¥49,617,016.58, contributing 6.28% to total profit, derived from dividends and returns on financial products[79] Market Position and Strategy - The company maintained a strong market position, with key products like soybean milk machines and wall-breaking machines holding the top market share[46] - The company is focusing on brand rejuvenation and targeting younger consumers, enhancing product appeal through innovative technology[46] - In 2021, the company expanded its online presence by launching flagship stores and live streaming sales, adapting to the rapid changes in e-commerce channels[47] - The overall market for small appliances is expected to grow, driven by increasing consumer demand for high-quality and convenient products[41] - The company aims to achieve a more integrated O2O (Online to Offline) business model to enhance customer engagement and sales conversion rates[47] Research and Development - The company’s R&D investment increased by 3.31% year-on-year, totaling CNY 357.28 million, with a total of 10,129 patents held by the end of the reporting period[52] - The company’s R&D personnel increased to 631 in 2021, a growth of 5.52% from 598 in 2020, with the proportion of R&D personnel rising to 21.65%[73] - In 2021, the company invested CNY 357 million in R&D, accounting for over 3% of its revenue, and holds 10,129 patents, including 543 invention patents[195] Sales Performance - The company’s domestic sales decreased by 11.73% to CNY 9,082.44 million, while overseas sales increased by 56.09% to CNY 1,458.03 million[57] - The company’s online sales accounted for 58.57% of total sales, while offline sales accounted for 41.43%[57] - The company's revenue from the nutrition pot series reached ¥3,831,960,152.18, an increase of 19.40% year-over-year[60] - The total revenue from the home appliance industry was ¥10,880,536,150.28, reflecting a year-over-year growth of 17.06%[60] - Online sales accounted for ¥6,173,142,635.83, representing a 29.45% increase compared to the previous year[60] Corporate Governance - The company has maintained a strong governance structure, complying with relevant laws and regulations, and has not received any administrative regulatory measures from authorities[112] - The company operates independently from its controlling shareholders in terms of business, personnel, assets, and finance, ensuring complete operational autonomy[113] - The company has maintained a stable management structure with no changes in the board of directors or senior management during the reporting period[121] - The independent directors and supervisors have extensive experience in academia and corporate governance, enhancing the company's oversight capabilities[124][127] Shareholder Returns - The company plans to distribute a cash dividend of CNY 10.00 per 10 shares, totaling CNY 767,017,000[5] - The cash dividend represents 100% of the total profit distribution amount, with a distributable profit of 1,192,996,136.65 CNY[168] - Since its listing in 2008, the company has distributed over CNY 6.5 billion in dividends to shareholders, reflecting its commitment to high-quality development and investor returns[197] Social Responsibility - In 2021, the company's total social charity donations amounted to CNY 10,831,199.46, including CNY 5,880,000 in cash and CNY 4,951,199.46 in material donations[199] - The company has actively participated in public welfare, donating a total of CNY 93,224,919.36 since 2008, focusing on education and health initiatives[199] - The company has successfully implemented a three-waste reduction strategy, adhering to ISO14001:2015 and ISO45001:2018 standards, with no reported environmental penalties during the reporting period[192] Risks and Challenges - The company faces risks from increasing competition in the small appliance market, which may lead to a decline in product profit margins[105] - The fluctuation in raw material prices, including iron, stainless steel, aluminum, copper, and plastics, poses a risk to the company's profitability[106] - The company plans to enhance its technological innovation and strengthen intellectual property protection to mitigate industry risks[105] Employee and Management Structure - Total number of employees at the end of the reporting period is 2,915, with 283 in the parent company and 2,632 in major subsidiaries[161] - The employee composition includes 750 production personnel, 516 sales personnel, 631 technical personnel, and 67 financial personnel[161] - The company has implemented specialized training programs for management, professionals, and new employees[163]