Financial Performance - The company's revenue for Q3 2021 was ¥2,288,421,316.19, a decrease of 9.35% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥211,704,401.73, down 6.42% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥197,518,780.25, a decline of 5.51% compared to the previous year[5] - The company's basic earnings per share for Q3 2021 was ¥0.29, down 3.33% year-on-year[5] - The company reported a significant increase in investment income, which rose to 53,838,899.20 from 20,982,567.45, a growth of 156.5%[30] - The total comprehensive income attributable to the parent company's owners is 662,180,069.36, down from 649,445,485.80, a decrease of 2.3%[33] - Operating profit decreased to 725,077,538.27 from 740,835,126.88, a decline of 2.1%[30] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥7,580,907,506.60, representing a decrease of 17.01% from the end of the previous year[7] - Total assets decreased to CNY 7,580,907,506.60 from CNY 9,134,826,691.51, a decline of about 17.1%[23] - Total liabilities for leasing reached ¥22,035,656.08, with non-current liabilities due within one year at ¥29,151,811.52[12] - Total liabilities decreased to CNY 3,402,576,861.91 from CNY 4,852,334,933.07, reflecting a decrease of approximately 30%[26] - The company's equity attributable to shareholders decreased to CNY 4,184,856,332.93 from CNY 4,283,761,519.10, a decline of about 2.3%[26] - Total liabilities amounted to ¥4,809,797,787.14, with a slight increase of ¥10,135,444.87 compared to the previous period[43] Cash Flow - Cash flow from operating activities showed a net outflow of ¥459,813,538.33, a significant decline of 154.97% compared to the previous year[5] - The net cash flow from operating activities dropped by 154.97% to -¥459,813,538.33, primarily due to payments for prior period raw material purchases[12] - Cash inflow from financing activities decreased by 97.13% to ¥24,525,520.00, mainly due to a reduction in bank acceptance bills received[12] - Cash inflow from investment activities rose by 210.04% to ¥10,851,423.00, reflecting increased cash from the disposal of joint ventures[12] - Operating cash flow outflow totaled ¥8,650,690,899.00, an increase of 17.3% from ¥7,377,410,882.15 in the previous period[37] - Net cash flow from investment activities was ¥14,263,698.25, a recovery from -¥1,312,582,276.80 in the previous period[37] - Net cash flow from financing activities was -¥792,627,480.00, a decrease from ¥48,597,632.04 in the prior period[37] Operational Metrics - The weighted average return on equity was 4.07%, a decrease of 1.78 percentage points year-on-year[5] - The company reported a significant increase in prepayments by 415.72% to ¥83,769,484.63 due to rising raw material prices[9] - The company’s trade receivables increased by 265.58% to ¥776,781,891.28, primarily due to an increase in receivables from JS Global Trading HK Limited[9] - Total operating costs increased to CNY 6,428,336,085.06, up from CNY 6,354,338,648.43, reflecting a rise in operating costs[27] - Research and development expenses increased to 226,557,709.56 from 218,537,881.86, reflecting a growth of 3.7%[30] - Sales expenses rose to 1,036,712,663.47 from 990,575,154.88, marking an increase of 4.7%[30] Other Financial Highlights - Other income surged by 188.41% to ¥76,730,424.69, mainly driven by an increase in government subsidies[12] - The company reported a significant increase in fair value gains of 232.87% to ¥13,058,790.16, due to an increase in fund fair values[12] - Minority interests showed a drastic decline of 413.93% to -¥6,525,688.24, primarily due to losses from a subsidiary[12] - The company is focusing on expanding its market presence and developing new products, although specific figures were not disclosed in the report[29] - The company did not have an audited third-quarter report[47]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 4,743,532,346.81, representing a 4.06% increase compared to CNY 4,558,530,041.84 in the same period last year[30]. - Net profit attributable to shareholders was CNY 451,454,511.23, an increase of 8.06% from CNY 417,767,085.20 year-on-year[30]. - The net profit after deducting non-recurring gains and losses decreased by 11.22% to CNY 348,957,572.66 from CNY 393,051,511.64 in the previous year[30]. - The net cash flow from operating activities was negative at CNY -332,426,945.14, a decline of 163.10% compared to CNY 526,790,909.23 in the same period last year[30]. - Total assets at the end of the reporting period were CNY 8,043,698,615.03, down 11.94% from CNY 9,134,826,691.51 at the end of the previous year[30]. - The net assets attributable to shareholders decreased by 7.28% to CNY 3,972,050,661.55 from CNY 4,283,761,519.10 at the end of the previous year[30]. - Basic earnings per share increased by 7.41% to CNY 0.58 from CNY 0.54 in the same period last year[30]. - Diluted earnings per share rose by 5.45% to CNY 0.58 compared to CNY 0.55 in the previous year[30]. - The weighted average return on equity was 10.30%, a slight decrease of 0.41% from 10.71% in the previous year[30]. Revenue and Growth - The company's revenue for the first half of the year was ¥4,743,532,346.81, representing a year-on-year increase of 4.06% compared to ¥4,558,530,041.84 in the same period last year[46]. - The domestic revenue accounted for 86.51% of total revenue, while overseas revenue surged by 243.20% to ¥639,783,778.84, compared to ¥186,419,730.02 last year[49]. - The company's revenue for the home appliance sector reached ¥4,503,670,481.94, representing an 8.01% increase compared to the same period last year[52]. - The revenue from the food processing machine series was ¥2,285,282,002.25, with a year-on-year growth of 9.74%[52]. - Total operating revenue for the first half of 2021 was CNY 4,743,532,346.81, an increase of 4.05% compared to CNY 4,558,530,041.84 in the first half of 2020[165]. Expenses and Costs - The gross profit margin for the home appliance sector was 30.50%, a decrease of 2.23% from the previous year[49]. - Sales expenses increased by 10.82% to ¥774,149,896.98, compared to ¥698,569,074.21 in the previous year[46]. - Total operating costs for the first half of 2021 were CNY 4,370,611,407.70, up from CNY 4,078,483,364.34 in the same period of 2020, reflecting a growth of 7.15%[165]. Investment and R&D - The company invested ¥154,301,153.16 in R&D, which is a 4.31% increase from ¥147,929,295.03 in the previous year[46]. - Investment income amounted to ¥48,207,470.84, accounting for 9.70% of total profit[54]. - The company invested ¥22,498,118.03 during the reporting period, a 47.99% increase compared to the same period last year[65]. Cash Flow and Liquidity - Cash inflow from operating activities in the first half of 2021 was ¥6,002,792,426.98, an increase of 9.5% from ¥5,476,736,130.85 in the first half of 2020[177]. - Cash outflow from operating activities totaled ¥6,335,219,372.12 in the first half of 2021, compared to ¥4,949,945,221.62 in the same period of 2020, indicating a rise of 28.1%[177]. - Cash and cash equivalents at the end of the first half of 2021 stood at ¥1,277,012,301.18, up from ¥547,370,899.10 at the end of the first half of 2020[179]. - The company's cash and cash equivalents at the end of the reporting period were ¥2,068,462,099.55, which is 25.72% of total assets[56]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for this period[7]. - The total equity attributable to shareholders of the parent company at the end of the reporting period was 4,283,761,519.10 CNY, reflecting a decrease due to a comprehensive loss[188]. - The company reported a decrease in undistributed profits of CNY -27,668,584.84, indicating a reduction in retained earnings[198]. - The total equity at the end of the reporting period is CNY 3,283,807,926.88, showing a decrease of CNY 195,618,423.55 compared to the beginning of the year[200]. Strategic Initiatives - The company launched several new products, including the Hongmeng Smart Link Immersion Blender Y521 and the Shark V5 All-in-One Floor Cleaner, focusing on mainstream and essential categories[38]. - The company is focusing on digital transformation and utilizing big data to enhance its operational efficiency and consumer engagement[43]. - The company plans to enhance technological innovation and strengthen intellectual property protection to mitigate industry competition risks[75]. - The company aims to enter new fields such as cleaning small appliances, leveraging the trend of quality consumption in the small appliance sector[42]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[190]. Corporate Social Responsibility - The company plans to donate a total of at least 100 million RMB to the Jiuyang Public Welfare Foundation over the next ten years for rural revitalization initiatives[97]. - As of June 30, 2021, 87 Jiuyang Rural Revitalization Kitchens were under construction or renovation to improve school kitchen standards in rural areas[97]. - The company donated 5 million RMB worth of materials to support disaster relief efforts in Henan following extreme rainfall in July 2021[98]. Related Party Transactions - The company reported a total of 59,679.74 million RMB in related party transactions, accounting for 11.24% of similar transaction amounts[105]. - The company’s actual related party transactions did not exceed the approved transaction amount of 137,000 million RMB[105]. - The company’s related party transactions included sales of finished products and provision of R&D services, with transaction pricing based on market rates[105].

Financial Performance - The company's operating revenue for Q1 2021 was ¥2,242,694,899.52, representing a 31.77% increase compared to ¥1,702,037,045.29 in the same period last year[9] - Net profit attributable to shareholders was ¥180,103,795.09, up 22.63% from ¥146,873,325.81 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥161,576,890.20, reflecting a 12.57% increase from ¥143,533,461.10 in the previous year[9] - The basic earnings per share increased to ¥0.24, a rise of 26.32% compared to ¥0.19 in the same period last year[9] - Operating profit for the current period was ¥208,470,053.19, representing a 10.3% increase compared to ¥188,104,261.65 in the previous period[51] - Net profit for the current period was ¥175,378,065.71, an increase of 20.3% from ¥145,823,994.71 in the prior period[51] - Total profit for the current period was ¥207,132,858.09, compared to ¥186,150,107.12 in the previous period, reflecting an increase of 11.4%[51] - The total comprehensive income for the current period was ¥177,098,038.75, compared to ¥151,896,164.91 in the previous period, marking a 16.6% increase[51] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥8,621,160,146.97, down 5.62% from ¥9,134,826,691.51 at the end of the previous year[9] - The company's total liabilities increased significantly, with accounts payable decreasing by 57.84% to ¥1,031,043,215.04, indicating a shift in payment strategies[32] - As of March 31, 2021, total liabilities amounted to CNY 4,137,462,544.97, a decrease of approximately 14.7% from CNY 4,852,334,933.07 on December 31, 2020[35] - The total equity attributable to shareholders increased to CNY 4,465,160,802.75, up from CNY 4,283,761,519.10, reflecting a growth of about 4.2%[37] - Total current liabilities decreased to CNY 4,058,212,022.49, down from CNY 4,799,662,342.27, a reduction of about 15.4%[35] - Non-current liabilities totaled CNY 79,250,522.48, up from CNY 52,672,590.80, indicating an increase of about 50.5%[35] Cash Flow - The net cash flow from operating activities was negative at -¥179,932,954.23, a significant decrease of 225.73% compared to ¥143,106,492.72 in the same period last year[9] - Operating cash inflow for the current period was CNY 2,631,039,042.60, an increase of 12.1% from CNY 2,346,661,553.56 in the previous period[61] - Net cash outflow from operating activities was CNY -179,932,954.23, compared to a net inflow of CNY 143,106,492.72 in the previous period[61] - Cash inflow from investment activities totaled CNY 653,070,564.15, up from CNY 530,629,281.04 in the previous period, marking a 23.1% increase[61] - Cash inflow from financing activities was CNY 90,900,000.00, a decrease from CNY 275,000,000.00 in the previous period[65] - The net increase in cash and cash equivalents was CNY -648,245,930.43, compared to CNY -199,268,081.85 in the previous period[65] Shareholder Information - The company had a total of 29,452 common shareholders at the end of the reporting period[12] - The largest shareholder, Shanghai Lihong Enterprise Management Co., Ltd., held 50.12% of the shares, with 384,523,746 shares pledged[12] Inventory and Receivables - Accounts receivable increased by 146.03% to ¥522,763,903.50, primarily due to increased sales during the period[19] - Prepayments surged by 446.02% to ¥88,690,682.37, mainly due to increased advance payments for materials[19] - Construction in progress rose by 111.94% to ¥23,338,512.88, attributed to factory expansion[19] - The company's inventory decreased to CNY 300,935,001.96 from CNY 434,139,429.10, a reduction of about 30.7%[38] Accounting and Reporting - The first quarter report has not been audited, indicating a potential area of concern for investors regarding the reliability of the financial data presented[83] - The company has made adjustments to its accounting policies in accordance with the Ministry of Finance's revised lease accounting standards effective from January 1, 2019, for companies listed both domestically and internationally[82] - The new lease accounting standards will be applied retrospectively starting from January 1, 2021, for companies that follow the enterprise accounting standards[83]

Financial Performance - The company's operating revenue for 2020 was CNY 11,223,747,609.01, representing a 20.02% increase compared to CNY 9,351,439,510.07 in 2019[19] - The net profit attributable to shareholders for 2020 was CNY 940,080,034.27, which is a 14.07% increase from CNY 824,105,192.42 in the previous year[19] - The net cash flow from operating activities reached CNY 2,009,298,071.00, marking a significant increase of 60.36% from CNY 1,253,024,651.38 in 2019[19] - The basic earnings per share for 2020 was CNY 1.23, up 14.95% from CNY 1.07 in 2019[19] - Total assets at the end of 2020 amounted to CNY 9,134,826,691.51, reflecting a 22.32% increase from CNY 7,467,802,731.42 at the end of 2019[19] - The net assets attributable to shareholders increased to CNY 4,283,761,519.10, a 14.14% rise from CNY 3,753,065,661.20 in 2019[19] - The company reported a decrease of 9.76% in net profit attributable to shareholders after deducting non-recurring gains and losses, totaling CNY 680,410,546.02 in 2020[19] - The weighted average return on equity for 2020 was 23.83%, an increase of 2.61% from 21.22% in 2019[19] Revenue and Sales Growth - In 2020, the company's total operating revenue reached approximately CNY 11.18 billion, with a net profit attributable to shareholders of CNY 1.04 billion, reflecting a year-on-year increase of 15.6% in revenue and 12.3% in net profit[23] - The total sales volume for 2020 reached 6,689,000 units, representing a year-on-year increase of 16.66% compared to 5,734,000 units in 2019[51] - Domestic sales accounted for 91.68% of total revenue, while overseas sales increased by 79.88% year-on-year[48] Product Innovation and Market Strategy - The company launched innovative products such as a hands-free blender and a non-coating steam rice cooker, which have gained significant market traction and contributed to maintaining a leading position in their respective categories[32] - The company aims to further expand its market share by focusing on product innovation and enhancing brand recognition in the small appliance sector[30] - The company has established a digital operation strategy, leveraging over 20 million user followers across various platforms to enhance customer engagement and drive sales through interactive shopping experiences[33] - The company aims to integrate technology and design to enhance product competitiveness and meet consumer demands[43] Research and Development - The company invested CNY 345.84 million in R&D, an increase of 4.68% compared to the previous year[40] - The company launched 2,227 new patent applications, bringing the total to 8,378 patents by the end of the reporting period[43] Cash Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 10.0 per 10 shares, based on a total share capital of 767,033,000 shares[6] - The cash dividend for 2020 represents 81.59% of the net profit attributable to shareholders, which was 940,080,034.27 yuan[94] - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends amounting to 613,896,800 yuan in 2018 and 828,430,320 yuan in 2019[94] - The company has not proposed any stock dividends or capital reserve transfers in its profit distribution plan for 2020[96] Corporate Governance and Structure - The company has a diverse board with members holding various academic and professional qualifications, enhancing its governance structure[160][161][162][163][164] - The company continues to focus on enhancing its corporate governance through the appointment of qualified professionals to its board[160][161] - The company operates independently from its controlling shareholder, with a complete and autonomous business, personnel, asset, institutional, and financial structure[184] - The company has established an independent financial accounting department and a financial management system, allowing for independent financial decision-making[184] Social Responsibility and Community Engagement - The total amount of social donations made by Joyoung in 2020 was ¥8,234,356.49, including cash donations of ¥3,363,394.00 and material donations valued at ¥4,870,962.49[121] - Over the past decade, Joyoung has established 1,084 "Joyoung Hope Kitchens" across 27 provinces, benefiting over 2.6 million students[119] - Joyoung's total donations from 2008 to 2020 amounted to ¥82,393,719.90, with cash donations of ¥60,211,621.66 and material donations valued at ¥22,182,098.24[122] - Joyoung has committed to focusing on "education" and "health" in its future poverty alleviation plans, launching the "Zhejiang Joyoung Public Welfare Foundation" to support rural revitalization[125] Risk Management and Compliance - The company has not received any administrative regulatory measures from regulatory authorities during the reporting period[182] - The governance structure complies with the relevant regulations and guidelines set by the China Securities Regulatory Commission[182] - The supervisory board found no risks during its oversight activities throughout the reporting period[196] - The company reported no significant internal control deficiencies during the reporting period[199]

Financial Performance - Net profit attributable to shareholders rose by 6.80% to CNY 226,221,124.84 for the reporting period[9] - Operating revenue for the period reached CNY 2,524,414,362.45, reflecting a growth of 22.07% year-on-year[9] - Basic earnings per share increased by 7.14% to CNY 0.30 for the reporting period[9] - The weighted average return on equity rose by 0.36 percentage points to 5.85%[9] - Net profit for the third quarter of 2020 reached CNY 219,446,478.03, compared to CNY 207,707,092.57 in the same quarter of 2019, representing a growth of 5.4%[56] - The net profit attributable to the parent company was ¥643,988,210.04, compared to ¥617,827,914.32, an increase of 4.23%[65] - Net profit for the current period was ¥638,709,517.25, up 8.1% from ¥590,683,896.43 in the previous period[73] Assets and Liabilities - Total assets increased by 2.07% to CNY 7,622,734,601.55 compared to the end of the previous year[9] - The total liabilities decreased to ¥3,622,720,438.15 from ¥3,716,816,539.31, reflecting a reduction of about 2.53%[39] - The total equity increased to ¥4,000,014,163.40 from ¥3,750,986,192.11, marking an increase of approximately 6.63%[42] - The company's total current liabilities amounted to ¥3,607,272,703.07, slightly down from ¥3,700,078,976.85, a decrease of about 2.51%[39] - The total cash and cash equivalents at the end of the period is ¥730,227,137.31, up from ¥660,886,233.06 in the previous period[84] Cash Flow - The net cash flow from operating activities decreased by 58.44% to CNY 309,734,992.75 compared to the same period last year[9] - Net cash flow from investing activities decreased by 137.84% to -¥1,312,582,276.80, mainly due to increased purchases of financial products[21] - Net cash flow from financing activities increased by 107.80% to ¥48,597,632.04, primarily due to increased bank acceptance bills received[21] - The cash inflow from operating activities totaled ¥3,527,608,835.47, down from ¥3,844,896,407.79 in the previous period, indicating a decline of approximately 8.2%[85] Revenue and Costs - Total operating revenue for the third quarter of 2020 was CNY 2,524,414,362.45, an increase of 21.9% compared to CNY 2,068,019,945.39 in the same period of 2019[53] - Total operating costs for the third quarter of 2020 were CNY 2,275,855,284.09, up from CNY 1,842,047,297.13 in the previous year, reflecting a 23.5% increase[53] - Total operating costs rose to ¥6,354,338,648.43 from ¥5,610,254,295.47, an increase of 13.19%[62] Investments and Expenses - Trading financial assets increased by 673.17% to ¥1,379,438,860.15 due to increased investment in financial products[21] - Research and development expenses for the third quarter of 2020 were CNY 70,608,586.83, compared to CNY 67,875,047.21 in the previous year, indicating a 3.4% increase[53] - Investment income fell by 60.28% to ¥20,982,567.45, primarily due to reduced fund dividends[21] - The company reported a significant increase in sales expenses to ¥990,575,154.88 from ¥895,668,685.52, a rise of 10.63%[65] Shareholder Information - The company reported a total of 19,960 common shareholders at the end of the reporting period[12] - Shanghai Lihong Enterprise Management Co., Ltd. holds 50.12% of the shares, making it the largest shareholder[12] Other Financial Metrics - The company received government subsidies amounting to CNY 25,254,534.46 during the reporting period[9] - Non-operating income and expenses totaled CNY 41,898,401.11, after accounting for tax impacts and minority interests[9] - The company reported a significant increase in minority interests by 808.23% to ¥14,727,407.59, resulting from capital increase in a subsidiary[21]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately CNY 4.56 billion, representing an increase of 8.87% compared to the same period last year[17]. - The net profit attributable to shareholders was approximately CNY 417.77 million, reflecting a growth of 2.90% year-on-year[17]. - The net cash flow from operating activities surged by 197.94% to approximately CNY 526.79 million compared to the previous year[17]. - The company's gross profit margin was 32.62%, up by 0.29 percentage points compared to the previous year[36]. - The basic earnings per share for the reporting period was CNY 0.54, a slight increase of 1.89% from the previous year[17]. - The total comprehensive income for the first half of 2020 was CNY 420,534,271.07, compared to CNY 400,171,303.62 in the same period of 2019, reflecting a growth of 5.34%[139]. - The total profit for the first half of 2020 was approximately ¥649.90 million, an increase of 14.91% compared to ¥565.58 million in the same period of 2019[142]. - The net profit for the first half of 2020 reached approximately ¥634.73 million, up 15.5% from ¥549.48 million in the first half of 2019[142]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 7.20 billion, a decrease of 3.61% from the end of the previous year[17]. - The total liabilities decreased to CNY 3,422,559,576.04 from CNY 3,716,816,539.31, a decrease of about 7.93%[130]. - The total equity increased to CNY 3,775,603,732.18 from CNY 3,750,986,192.11, reflecting a growth of approximately 0.66%[130]. - Cash and cash equivalents decreased to CNY 1,271,286,980.71 from CNY 1,603,255,665.88, a reduction of about 20.66%[127]. - The total assets amounted to CNY 7,198,163,308.22, down from CNY 7,467,802,731.42, indicating a decrease of about 3.61%[130]. Research and Development - The company maintained a strong focus on R&D, with R&D expenses amounting to CNY 14.79 million, a growth of 3.41% year-on-year[36]. - Research and development investment increased by 3.41% to ¥147,929,295.03, reflecting the company's commitment to innovation[44]. - Research and development expenses for the first half of 2020 were CNY 147,929,295.03, slightly up from CNY 143,053,533.12 in the same period of 2019, indicating a focus on innovation[138]. Market Position and Strategy - The company continues to position its brand in the kitchen appliance sector, aiming to meet the rising demand for high-quality and smart small appliances in China[22]. - The company plans to continue focusing on the development and sales of small household appliances, with an emphasis on improving kitchen environments and cooking methods[22]. - The company has diversified its product offerings, reducing reliance on soybean milk machines while entering new categories such as water purifiers and cleaning appliances[72]. - The company plans to launch more new products tailored for the main consumer demographic, focusing on digital transformation and cross-border operations in e-commerce and live streaming[41]. Social Responsibility and Community Engagement - The company focuses on social responsibility through education and health-related public welfare projects, including the "Jiu Yang Hope Kitchen" initiative[91]. - The company has donated 50 million RMB to establish 1,012 "Joyoung Hope Kitchens" across 27 provinces, benefiting over 2.6 million students over the past decade[92]. - In the first half of 2020, the company contributed 338.2 million RMB in material assistance for poverty alleviation efforts[93]. - The company plans to continue focusing on youth nutrition and health projects, expanding its public welfare initiatives to include national health and rural revitalization[94]. Operational Challenges and Responses - The company is facing increased competition in the small home appliance market, which may lead to a decline in product profit margins[70]. - The company plans to enhance technological innovation and strengthen intellectual property protection to mitigate market competition risks[70]. - The company has established a complete and strict internal control process for quality control to prevent potential quality issues in small household appliances[73]. - The company implemented strict health measures during the pandemic, ensuring business continuity and employee safety, including workplace disinfection and remote work[92]. Shareholder Information - The company’s major shareholder, Shanghai Lihong Enterprise Management Co., Ltd., holds 50.12% of the shares, totaling 384,523,746[107]. - The top 10 unrestricted common stock shareholders include Shanghai Lihong Enterprise Management Co., Ltd. with 384,523,746 shares, accounting for 8.32% of total shares[108]. - The company reported a total of 1.68 billion yuan in actual related party transactions in the first half of 2020, with an estimated annual amount of 7.5 billion yuan[81]. Financial Management and Reporting - The company adheres to ISO14001:2015 environmental management standards and has no industrial waste emissions during the reporting period[90]. - The financial statements are prepared in RMB, with the consolidated balance sheet dated June 30, 2020[126]. - The company has not issued any public bonds that are due or unable to be fully redeemed as of the report approval date[124]. - The company has made no significant changes in accounting policies or prior period error corrections during this reporting period[152].

九阳股份有限公司 2020 年第一季度报告 Joyoung 九阳 2020 年 04 月 九阳股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王旭宁、主管会计工作负责人裘剑调及会计机构负责人(会计主 管人员)郭雯声明：保证季度报告中财务报表的真实、准确、完整。 1 九阳股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |----------------------------------------------------|------------------|------------------|--------------------------| | □ 是 √ 否 | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | 营业收入（元） | ...

Financial Performance - The total revenue for 2019 was CNY 9,351,439,510, representing a 14.48% increase compared to CNY 8,168,708,704 in 2018[25] - The net profit attributable to shareholders was CNY 824,105,192, which is a 9.26% increase from CNY 754,255,160 in the previous year[25] - The net cash flow from operating activities reached CNY 1,253,024,651, marking a significant increase of 206.59% from CNY 408,700,191 in 2018[25] - The basic earnings per share rose to CNY 1.07, an increase of 8.08% compared to CNY 0.99 in 2018[25] - The diluted earnings per share also increased to CNY 1.08, reflecting a 9.09% growth from CNY 0.99 in the previous year[25] - The total assets at the end of 2019 were CNY 7,467,802,731, which is a 12.13% increase from CNY 6,660,086,381 in 2018[25] - The net assets attributable to shareholders decreased by 1.50% to CNY 3,753,065,661 from CNY 3,810,291,395 in 2018[25] - The weighted average return on equity was 21.22%, an increase of 0.52 percentage points from 20.70% in 2018[25] - The company reported a net profit excluding non-recurring gains and losses of CNY 754,001,863, which is a 32.48% increase from CNY 569,149,447 in 2018[25] Revenue Breakdown - The home appliance sector contributed ¥9,294,593,759.59, accounting for 99.39% of total revenue, with a growth of 15.01% from the previous year[59] - The food processing machine series generated ¥4,096,943,718.53, representing 43.81% of total revenue, with a year-on-year increase of 20.20%[63] - Domestic sales amounted to ¥8,832,151,490.48, making up 94.45% of total sales, with a growth of 12.04% compared to the previous year[63] Cash Flow and Investments - The company reported a net cash flow from operating activities of 125,302.47 million yuan, a significant increase of 206.59% year-on-year[53] - Investment cash inflow increased by 40.12% to ¥2,300,892,348.67, primarily due to increased redemption of financial products[81] - Cash flow from financing activities saw an inflow of ¥460,202,000.00, up 86.32% from ¥246,991,033.66 in 2018[80] - The net cash flow from investment activities was negative at -¥364,749,676.52, a decline of 206.77% compared to the previous year's positive cash flow[77] Research and Development - The company’s R&D investment for 2019 was ¥330,378,805.97, a 10.99% increase from ¥297,666,695.66 in 2018, representing 3.53% of total revenue[76] - The number of R&D personnel increased to 576, up 10.77% from 520 in 2018[76] - The company filed 1,770 new patent applications in 2019, bringing the total to 6,521 patents, which includes 316 invention patents[54] Market Strategy and Product Development - The company continues to focus on the development and sales of small household appliances, with a strategic emphasis on improving kitchen environments and cooking methods[32] - The company launched innovative products such as the SKY series, which includes user-friendly appliances that address consumer pain points, enhancing market competitiveness[40] - The company emphasizes a user-centered innovation approach, focusing on high-quality growth in the consumer goods sector[42] - The company focused on launching innovative products such as the K series and Y series, targeting the younger consumer demographic[55] Shareholder Returns - The company plans to distribute a cash dividend of CNY 5.8 per 10 shares, totaling approximately CNY 445 million based on the adjusted total share count[8] - The cash dividend for 2019 represents a payout ratio of 100% of the distributable profit, indicating a strong commitment to returning value to shareholders[118] - The company has maintained a consistent cash dividend policy over the past three years, with increasing amounts distributed each year[114] Corporate Social Responsibility - The company has invested over CNY 50 million in the "Hope Kitchen" project, benefiting over 250,000 individuals in 27 provinces[153] - The implementation of the Joyoung Hope Kitchen project has led to a 34% increase in the number of students dining at participating schools, with per capita dining costs decreasing by 18%[154] - Joyoung has donated a total of 7,416,762.44 RMB in 2019, including 4,450,000.00 RMB in cash and 2,966,762.44 RMB in material donations[159] - The company plans to establish a public welfare foundation in 2020, focusing on youth nutrition and health projects, and will continue its involvement in social welfare and sustainable development[164] Share Repurchase and Stock Incentives - In 2019, the company repurchased shares for a total cash amount of 997,369,100 yuan, which includes 20,358,409.35 yuan in 2018 and 64,951,651.68 yuan in 2017[117] - The company completed the repurchase and cancellation of 140,000 restricted stocks held by 9 departed incentive objects[134] - The total number of restricted shares at the end of the reporting period was 4,235,960 shares, down from 5,580,000 shares at the beginning of the period[181] Governance and Compliance - The company appointed Tianjian Accounting Firm as its internal control auditing firm, with an audit fee of CNY 1.1 million and a continuous service period of 14 years[131] - The company has maintained compliance with environmental regulations, with no industrial waste emissions reported during the reporting period[165] - The company did not engage in any significant asset or equity acquisitions or sales during the reporting period[140]

Financial Performance - Net profit attributable to shareholders was CNY 211,822,515.10, representing a year-on-year increase of 6.35%[9] - Operating income for the reporting period was CNY 2,068,019,945.39, reflecting a growth of 14.98% compared to the same period last year[9] - The company reported a net profit excluding non-recurring gains and losses of CNY 205,099,809.10, up 18.68% year-on-year[9] - The basic earnings per share for the reporting period was CNY 0.28, an increase of 7.69% compared to the same period last year[9] - The net profit for the current period was ¥207,707,092.57, representing a growth of 7.4% from ¥193,430,933.70 in the previous period[68] - The company's total profit for the current period was ¥713,190,963.42, up from ¥652,728,169.19, marking a growth of 9.00%[80] - The basic earnings per share for the current period was ¥0.81, compared to ¥0.74 in the previous period, reflecting a 9.46% increase[82] Cash Flow - The net cash flow from operating activities increased significantly by 282.40%, amounting to CNY 745,207,988.94[9] - Net cash flow from operating activities increased by 120.33% to ¥922,017,459.40, attributed to higher revenue and normal collections[24] - Cash flow from operating activities generated ¥8,372,305,066.81, compared to ¥7,089,156,740.01 in the prior period, reflecting an increase of approximately 18.1%[92] - Cash outflow from operating activities totaled ¥7,450,287,607.41, an increase from ¥6,670,693,773.47 in the previous year[95] - Cash flow from investing activities resulted in a net outflow of ¥551,880,575.39, compared to a net inflow of ¥186,253,647.00 in the prior period[95] - Cash flow from financing activities showed a net outflow of ¥623,416,586.11, slightly improved from ¥668,550,546.96 in the previous year[98] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,228,140,934.50, a decrease of 6.49% compared to the end of the previous year[9] - The company's total assets decreased from CNY 6,660,086,381.54 to CNY 6,228,140,934.50[45] - Total liabilities decreased from CNY 2,827,596,648.22 to CNY 2,673,494,921.71[48] - Total liabilities decreased to ¥1,101,915,166.64 from ¥1,246,581,063.50, a decline of 11.6%[61] - The total equity attributable to shareholders increased by ¥67,467,385.28, from ¥3,810,291,395.62 to ¥3,877,758,780.90[113] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,044[14] - The largest shareholder, Shanghai Lihong Enterprise Management Co., Ltd., held 50.11% of the shares, with 384,523,746 shares pledged[14] Expenses - Management expenses increased by 41.66% to ¥254,647,689.31 due to higher salaries and travel expenses[24] - Financial expenses decreased by 56.59% to -¥6,979,286.19 primarily due to a decline in exchange gains[24] - Research and development expenses decreased to ¥67,875,047.21, down 7.3% from ¥73,686,811.30 in the previous period[68] - The company reported a decrease in total equity to ¥2,905,842,988.69 from ¥3,282,147,191.09, a decline of 11.5%[61] Investment Income - Investment income dropped by 59.79% to ¥52,824,492.32, mainly due to fewer dividends from subsidiaries compared to the previous period[24] - The company reported a significant increase in investment income, which rose to ¥20,315,915.18 from ¥4,988,066.88 in the previous period[68] Dividends - The company plans to distribute a cash dividend of ¥5 per 10 shares, totaling approximately ¥383,656,000.00[30] Other Financial Information - The company received government subsidies amounting to CNY 26,734,353.98 during the reporting period[9] - The total investment cost for funds is CNY 232,420,187.73, with a fair value change of CNY 1,587,949.57 during the reporting period[32] - The company has no violations regarding external guarantees during the reporting period[33]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 4,186,970,321.87, representing a 15.04% increase compared to CNY 3,639,589,109.46 in the same period last year[21] - The net profit attributable to shareholders was CNY 406,005,399.22, up 9.72% from CNY 370,040,372.12 year-on-year[21] - The net profit after deducting non-recurring gains and losses was CNY 377,487,058.29, reflecting a significant increase of 29.05% compared to CNY 292,519,062.00 in the previous year[21] - The basic earnings per share increased to CNY 0.53, a rise of 9.96% from CNY 0.482 in the same period last year[21] - The company reported a significant increase in interest income, which rose by 215.34% to approximately RMB 14.35 million, compared to RMB 4.55 million in the previous year[53] - The company's net profit for the reporting period is 549,477,242.77 RMB, with a distributable profit of 1,167,289,796.33 RMB[91] - The net profit for the first half of 2019 was ¥549,477,242.77, down 23.2% from ¥715,393,573.64 in the first half of 2018[191] Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,002,421,727.97, down 9.87% from CNY 6,660,086,381.54 at the end of the previous year[21] - The net assets attributable to shareholders decreased to CNY 3,685,902,249.44, a decline of 3.26% from CNY 3,810,291,395.62 at the end of the previous year[21] - The company's current assets totaled CNY 4,122,348,986.40, down 14.43% from CNY 4,818,897,444.60 at the end of 2018[164] - Total liabilities decreased to CNY 2,303,082,462.78, a reduction of 18.63% from CNY 2,830,226,348.15[170] - The company's equity attributable to shareholders was CNY 3,685,902,249.44, down from CNY 3,810,291,395.62, reflecting a decrease of 3.28%[170] Cash Flow - The company reported a net cash flow from operating activities of CNY 176,809,470.46, which is a decrease of 20.92% compared to CNY 223,587,114.34 in the previous year[21] - The net increase in cash and cash equivalents decreased by 50.45% to approximately RMB -368.36 million, compared to RMB -244.84 million in the previous year[53] - The total cash inflow from operating activities was ¥4,955,627,342.07, an increase from ¥4,469,096,713.68 in the first half of 2018[194] - The total cash outflow from operating activities was ¥4,778,817,871.61, compared to ¥4,245,509,599.34 in the same period of 2018[194] - The company reported a net cash outflow from financing activities of -¥317,607,790.33, compared to -¥609,738,412.95 in the same period last year, showing an improvement in financing cash flow[197] Research and Development - The company invested CNY 14,305.35 million in R&D, reflecting a year-on-year increase of 19.38%[41] - Research and development investment rose by 19.38% to approximately RMB 143.05 million, compared to RMB 119.83 million in the same period last year[53] - Research and development expenses for the first half of 2019 were CNY 143,053,533.12, compared to CNY 119,827,506.09 in the same period of 2018, an increase of 19.4%[181] Product Development and Innovation - The company launched three new multifunctional soybean milk machines, enhancing its product offerings and addressing consumer needs[42] - The company introduced the world's first self-cleaning wall-breaking machine Y88, showcasing its innovation in the industry[42] - The company launched a new brand proposition "Enjoy Healthy Living" aimed at a younger demographic, with a new product line including the K1S soy milk maker[48] Market Strategy and Expansion - The company continues to focus on the research, production, and sales of kitchen small appliances, adhering to its development strategy of "positioning the kitchen and upgrading the kitchen"[28] - The company expanded its offline retail presence by opening various types of stores, including flagship and experience stores, to enhance customer engagement[46] - The online business continued to grow and became a significant part of the revenue, with the launch of the "Joyoung Official Flagship Store" on Tmall accumulating hundreds of thousands of followers in just six months[46] - The company is actively pursuing new retail strategies, integrating online and offline channels to improve customer experience and engagement[47] Social Responsibility and Community Engagement - The company has actively participated in social responsibility initiatives, including education and poverty alleviation efforts[115] - In the first half of the year, the company spent 270,000 RMB on educational poverty alleviation initiatives, benefiting 230 impoverished students[119] - The company has established 917 "Jiuyang Hope Kitchens" across 27 provinces, directly benefiting approximately 450,000 students and over 2 million individuals cumulatively[118] - The company plans to complete the construction of 1,000 Jiuyang Hope Kitchens by September 2023[118] - The company has committed to donate 50 million RMB over 10 years to support the establishment and renovation of school kitchens in impoverished areas[118] Shareholder Information - The total number of common shareholders at the end of the reporting period was 25,763, with the largest shareholder, Shanghai Lihong Enterprise Management Co., holding 50.11% of shares, totaling 384,523,746 shares[141] - BILTING DEVELOPMENTS LIMITED, a foreign entity, holds 16.93% of shares, amounting to 129,924,090 shares[141] - The report indicates that there were no changes in the controlling shareholder or actual controller during the reporting period[147] Compliance and Governance - The company has maintained compliance with environmental regulations, with no industrial waste emissions reported during the period[114] - The company has not disclosed any new product developments or technological advancements in the provided documents[148] - The report does not provide specific future outlook or performance guidance[148]