Financial Performance - The total revenue for 2022 was ¥10,176,687,797.39, a decrease of 3.45% compared to ¥10,540,473,926.06 in 2021[22] - The net profit attributable to shareholders was ¥529,501,433.89, down 28.98% from ¥745,601,463.86 in the previous year[22] - The net profit after deducting non-recurring gains and losses was ¥547,248,312.25, reflecting an 8.30% decrease from ¥596,777,184.42 in 2021[22] - Basic earnings per share decreased by 27.84% to ¥0.70 from ¥0.97 in the previous year[22] - The company reported a significant drop in quarterly net profit in Q4 2022, with only ¥24,905,073.43 compared to higher profits in previous quarters[25] - The company achieved operating revenue of CNY 10,176.69 million, a decrease of 3.45% compared to the previous year[44] - The company's gross profit margin increased by 1.3 percentage points, with operating costs decreasing by 5.19% to CNY 7,216.68 million[45] - The net profit attributable to shareholders was CNY 529.50 million, down 28.98% year-on-year[45] Cash Flow and Assets - The net cash flow from operating activities was ¥610,442,582.65, a significant increase of 1,854.71% compared to -¥34,788,705.11 in 2021[22] - The total assets at the end of 2022 were ¥7,074,762,950.69, a decline of 16.93% from ¥8,516,380,670.95 at the end of 2021[22] - The total amount of cash and cash equivalents decreased by ¥490,253,430.79, reflecting a decline of 1,194.62% due to increased dividend distributions[69] - As of the end of 2022, cash and cash equivalents amounted to ¥1,569,780,561.99, representing 22.19% of total assets, a decrease of 1.14% from the beginning of the year[74] - Accounts receivable increased to ¥687,360,521.01, accounting for 9.72% of total assets, up by 2.79% compared to the beginning of the year[74] - Inventory decreased to ¥680,206,435.03, making up 9.61% of total assets, down by 2.69% due to accelerated inventory turnover[74] Market and Industry Trends - The kitchen small appliance retail market saw a total retail value of 520.3 billion, a decline of 6.7% year-on-year, with retail volume down 12.7%[31] - Online retail sales in the kitchen small appliance sector reached 386.0 billion, a decrease of 2.9%, while offline sales dropped 16.0% to 134.3 billion[31] - The overall economic environment in China showed a GDP growth of 3% in 2022, despite challenges from both domestic and international factors[30] - The company anticipates stable growth in the small appliance industry, driven by rising disposable income and consumer demand for quality[90] - The company faces risks from increased competition in the small appliance market, which may impact profit margins[92] Innovation and Product Development - The company plans to enhance its product offerings with new technologies, including a wall-mounted air fryer and a self-cleaning floor washer, to meet rising consumer demand for high-quality appliances[39] - The company emphasizes continuous innovation and product development to adapt to changing consumer preferences and market dynamics[40] - The company is currently developing several new products, including a noise-reducing blender and a smart self-cleaning soybean milk machine, aimed at enhancing market competitiveness[64] - The company has a total of 11,648 patents, including 651 invention patents, reflecting its commitment to innovation and R&D[45] Corporate Governance and Management - The company has appointed new management, including a new General Manager and Financial Director, effective December 26, 2022[103] - The company appointed Yang Ningning as the new chairman and general manager on December 26, 2022, following the election at the shareholder meeting[105] - The company reported a significant management restructuring, with multiple appointments and dismissals occurring on March 28 and December 26, 2022[106] - The company’s governance structure reflects a commitment to maintaining a diverse and experienced leadership team[111] - The company has established a framework for risk management and internal control, which is regularly assessed by the audit committee[124] Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥3 per 10 shares, totaling approximately ¥229,005,100 based on the current share capital[5] - The total cash dividend, including other methods, reached approximately 432.99 million yuan, representing 100% of the total profit distribution[134] - The company distributed a cash dividend of 10 yuan per 10 shares (including tax) for the 2021 fiscal year, totaling approximately 228.9 million yuan[131] - For the first half of 2022, the company proposed a cash dividend of 5 yuan per 10 shares (including tax), amounting to approximately 38 million yuan[132] Employee and Labor Information - The total number of employees at the end of the reporting period was 2,832, with 262 in the parent company and 2,570 in major subsidiaries[127] - The total number of technical personnel was 713, representing approximately 25.2% of the total workforce[127] - The company has a total of 321 employees with a graduate degree or above, accounting for approximately 11.3% of the total workforce[127] - The total hours of outsourced labor amounted to 392,468 hours, with total payments for outsourced labor reaching approximately 11.96 million yuan[130] Social Responsibility and Community Engagement - In 2022, Jiuyang Co., Ltd. donated a total of CNY 7,558,081.67, including cash donations of CNY 3,250,831.35 and material donations valued at CNY 4,307,250.32[165] - Since 2008, Jiuyang has cumulatively donated CNY 100,783,001.03, with cash donations amounting to CNY 69,342,453.01 and material donations valued at CNY 31,440,548.02[166] - As of December 2022, Jiuyang has established 1,357 Jiuyang Public Kitchens, benefiting over 500,000 students daily[167] - The company has actively contributed to rural revitalization through its Jiuyang Public Kitchen initiative, enhancing meal quality and efficiency in rural schools[167] Risk Management and Compliance - The company has maintained effective internal control over financial reporting, with no significant deficiencies identified as of the evaluation report date[155] - The company reported zero significant deficiencies in financial and non-financial reporting for the year 2022[160] - The company has implemented ISO 14001:2015 and ISO 45001:2018 environmental management systems, achieving compliance with national standards for waste reduction[164] - The company has committed to avoiding competition and related transactions, with commitments made in May 2008 being fulfilled normally[172] Share Repurchase and Stock Options - The company repurchased 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)[147] - The company plans to implement an employee stock ownership plan, with a maximum repurchase of 12 million shares[198] - The share repurchase plan has been fully implemented, reaching the maximum number of shares[199] - The stock option incentive plan involves granting 18 million stock options, with 15.6 million options granted initially, and the exercise price set at ¥21.99 per share[139]

Group 1: Product Performance - Onecup primarily focuses on online sales, with no large-scale commercial promotion planned yet [2] - The company has introduced various new flavors for its products, including rose tea and matcha latte [2] - Sales of the material cups are continuously increasing, with a diverse range of flavors being developed [2] Group 2: Revenue Growth Expectations - Future revenue growth is expected to be stable, with high growth rates being unlikely [2] - The company has sufficient technical reserves for commercial machines and water purifiers [2] - The third quarter showed good growth, supported by improvements in terminal conditions and increased sales in stores like Gome and Suning [2] Group 3: Inventory and Information Management - The company has a well-established information management system, allowing real-time data capture for sales staff [2] - The ERP system enables real-time monitoring of dealer inventory and shipments [2] Group 4: Marketing and Advertising Strategy - Most advertising expenses have shifted to online and new media, with minimal traditional advertising in recent years [3] - The company plans to launch new products for the soybean milk machine, with an increase in pricing [3] Group 5: Market Channels - The growth of large kitchen appliances is primarily focused on the third and fourth-tier markets [3] - The water purifier industry is experiencing growth, but the company's market presence remains relatively small [3]

Product Structure - The company offers a variety of products including soy milk machines, cooking machines, juicers, and commercial machines [2] - Other product categories include electromagnetic stoves, rice cookers, electric kettles, pressure cookers, ovens, yogurt makers, and water purifiers [2] - Major products besides soy milk machines are electromagnetic stoves, juicers, and pressure cookers [2] OneCup Product - The OneCup product was launched at the end of last year and has not undergone large-scale commercial promotion yet [2] - The product is primarily sold online and offers flavors such as original soy milk, red date longan soy milk, purple sweet potato soy milk, coffee, milk tea, and matcha [2] Chef Appliances - Chef appliances are mainly sold in tier 3 and tier 4 markets and have achieved breakeven [2] E-commerce Strategy - The e-commerce model involves a distributor system with authorized distributors [3] - Distributors are categorized into different levels based on their scale, influence, and support policies [3] - Online products are more colorful and smaller in design, with lower prices compared to offline products, appealing to young consumers [3] Distributor Information - The company has approximately 500 distributors at the prefecture level [3] - Inventory monitoring is enhanced through information technology, allowing real-time data capture for sales and inventory management [3] Financial Overview - The company does not anticipate significant capital expenditures, with previous large investments in industrial park construction now operational [3] - There is no distinct seasonal fluctuation in sales, although fourth-quarter expenses are higher due to concentrated distributor rebates [3] - The company's expense ratio has remained stable [3]

Group 1: Financial Performance - The company experienced a decline in the pressure cooker and induction cooker sectors, with overall sales down [2] - The soymilk machine saw a slight decrease, while large kitchen appliances, Western small appliances, and rice cookers showed good growth [2] - The sales feedback for the steamed bun machine was positive, but the noodle machine's promotion was insufficient due to an oversaturation of new products last year [2] Group 2: E-commerce Strategy - Online revenue showed significant growth, with expectations for continued increases, partly due to online replacing offline sales [2] - The company began its e-commerce efforts in 2010, achieving the highest sales in small appliances on Taobao for three consecutive years [3] - Cooperation with JD.com has been favorable, with JD's growth rate outpacing Taobao due to a smaller base [3] Group 3: Product Development and Innovation - New product development includes two categories: new categories (2-3 years) and new models (2-12 months) [3] - The company focuses on launching 2-3 new products each year to avoid diluting promotional effectiveness [4] - Products exceeding 500 million in revenue are considered large categories, while those exceeding 100 million benefit from smoother production and sales [4] Group 4: Market Position and Competition - The top three positions in the small appliance industry are stable, making it difficult for new competitors to disrupt the market without significant errors from the leaders [4] - The company recognizes the importance of learning from Xiaomi's strengths in networking, marketing, and consumer interaction as smart appliances evolve [4]

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 编号： | --- | --- | |-----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动类别 | √ 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发 | | 参与单位名称及人员姓名 | 布会 □路演活动 □现场参观 □ 其他 渤海证券、民生证券、华宝投资、中金公司、长信基金、中信证券、静远资 本、毅恒资本、鑫巢资本、鑫元基金、 PAG 、农银汇理基金、富国基金、兰馨 投资、道宁投资、东方证券 | | 时间 | 2015 年 10 月 29 日 | | 地点 | 九阳 | | 上市公司接待人员姓名 ...

证券代码： 002242 证券简称：九阳股份 编号： 九阳股份有限公司投资者关系活动记录表 | --- | --- | |------------------------|---------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动类别 | 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布 | | | 会 □路演活动 □现场参观 □ 其他 | | 参与单位名称及人员姓名 | 国投瑞银，周密；南京证券，李强；方正证券，杨宝龙；东方证券，徐卫；华 商基金，肖丹；长城基金，余欢； | | 时间 | 月 3 日 | | 地点 | | | 上市公司接待人员姓名 | 邵际生、李彩霞 | | 投资者关系活动主要内容 | 2014 年收入增长主要原因 | | 介绍 | 主流产品已都有利润贡献。公司核心的豆浆机产品稳中增长，对报表还是有影 | | | 响的，在收入构成中的占比日趋优化。食品加工机 ...

Group 1: Sales Performance - Soy milk machine sales showed a slight decline in the first half of the year but have returned to positive growth by the third quarter [2] - Pressure cookers and induction cookers experienced a significant narrowing of decline in the third quarter, attributed to market recovery and new product launches [2] - Juicers have seen continuous growth due to technological innovations, with revenue increasing from tens of millions to over 100 million [2] - The rice cooker segment has improved its revenue share significantly due to new products like the iron pot [2] Group 2: New Product Launches - The noodle machine has performed well post-launch, with effective promotional efforts leading to good growth this year [2] - The company has achieved breakeven in kitchen appliances [2] - The water purifier segment has shown growth in 2014 due to efforts in network construction and channel expansion [2] Group 3: Online vs. Offline Growth - Online sales growth is significantly faster than offline, exceeding 60% [2] - The company employs a dealer system for e-commerce, with different levels of dealers based on scale and influence [3] - Online products differ in appearance and pricing, appealing to younger consumers who prefer online shopping [3] Group 4: E-commerce Strategy - The company has established a dedicated anti-counterfeiting department to address issues with fake products, resulting in reduced occurrences [3] - Profitability for the company is similar across online and offline channels, although online dealers face pressure due to stronger competition [3] - The company is currently focusing on product development and market readiness for water purifiers, anticipating a future growth surge [4]

编号： 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 | --- | --- | |------------------------|----------------------------------------------------------------------| | 投资者关系活动类别 | 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布 | | 参与单位名称及人员姓名 | | | 时间 | | | 地点 | | | 上市公司接待人员姓名 | | | 投资者关系活动主要内容 | | | 介绍 | | | | 的用户用过后都 年整个净水行业 | | | 增长还是不错的，但是公司没有行业增长快，主要还是因为一开始公司产品定 | | | 位于高端产品，动销不快。这两年主要精力还是在研发、产品储备上。 | | | | | | | | | 今年也做了新的尝试，例如：京东众筹，一种新的业态尝试，更接近年轻人的 | | | 文化。公司经过前期市场公测后，暂时还没有进行大规模的商业推广等活动， | | | | | | 料杯口味：除经典原味、无蔗糖等豆浆口味外 ...