爱仕达股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 爱仕达股份有限公司 2021 年第三季度报告 证券代码：002403 证券简称：爱仕达 公告编号：2021-065 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告 中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是√否 一、主要财务数据 (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 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 896,625,411.70 | 12.07% | 2,462,047,086.43 | 27.62% | | 归属 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,565,421,674.73, representing a 38.63% increase compared to ¥1,129,187,101.87 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 85.44% to ¥20,946,452.50 from ¥143,898,086.05 in the previous year[20]. - Basic earnings per share dropped by 85.71% to ¥0.06 from ¥0.42 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was negative at ¥5,260,857.08, an improvement of 89.96% compared to a loss of ¥52,412,095.02 in the previous year[20]. - The weighted average return on net assets was 0.93%, down 5.55% from 6.48% in the previous year[20]. - The company reported a significant decrease in cash flow from operating activities, amounting to -¥150,651,898.87, a 205.84% decline compared to the previous year[48]. - The company reported a net loss of ¥547,723.20 from fair value changes, primarily due to forward foreign exchange contracts[54]. - The company reported a total comprehensive income of CNY 13,508,566.43 for the first half of 2021, down from CNY 187,049,816.57 in the same period of 2020[171]. - The company reported a net loss of 25,547,893.43 CNY distributed to shareholders during the profit allocation[198]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,456,323,329.94, a decrease of 0.97% from ¥5,509,926,421.66 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥2,242,420,223.34, down 0.20% from ¥2,246,824,521.62 at the end of the previous year[20]. - Cash and cash equivalents decreased by 7.11% to ¥282,682,940.88, primarily due to increased operational expenditures during the reporting period[56]. - The company's total liabilities stood at CNY 2,381,279,122.27, slightly up from CNY 2,378,438,380.02 at the end of the previous period[165]. - Total liabilities decreased from CNY 3,240,510,595.89 to CNY 3,191,339,707.67, a reduction of 1.5%[157]. - The total amount of special reserves at the end of the reporting period is 94,805,867.69 CNY[200]. Revenue Segments - The industrial segment generated ¥1,514,512,127.88, accounting for 96.75% of total revenue, with a year-on-year growth of 38.02%[50]. - The small home appliance segment saw a significant increase of 93.65%, reaching ¥216,668,619.67, driven by increased orders as the pandemic eased[52]. - Robot sales increased by 68.70% to ¥143,727,306.69, attributed to a favorable industry outlook and enhanced business expansion efforts[52]. - Domestic sales amounted to ¥862,141,857.26, up 18.67% year-on-year, while international sales surged by 75.94% to ¥652,370,270.62[50]. Research and Development - Research and development expenses rose by 36.78% to ¥85,860,296.36, attributed to increased salaries for R&D personnel and costs for raw materials and semi-finished products[48]. - The company is actively pursuing research and development in smart manufacturing and industrial robotics, enhancing its competitive edge in various sectors[28]. - The company launched several new products targeting young consumers, enhancing its marketing network through O2O and e-commerce channels[30]. Market Strategy - The company is focusing on expanding its international market presence while maintaining its leadership in the domestic cookware market[29]. - The company plans to continue expanding its digital equipment manufacturing capabilities, focusing on robotics and automation technologies[64]. - The company plans to expand its market presence by launching new products and technologies, aiming for a 20% increase in market share by the end of 2022[129]. Environmental and Social Responsibility - The company has a wastewater treatment capacity of 4,000 tons per day, with all wastewater meeting the tertiary discharge standards[90]. - The company actively participates in social responsibility initiatives, supporting education, disaster relief, and community development[97]. - The company emphasizes sustainable development and has not received any rectification requirements or administrative penalties from environmental authorities[96]. Shareholder and Governance - The employee stock ownership plan holds 9,215,676 shares, accounting for 2.63% of the total share capital[87]. - The company conducted two shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[93]. - There were no significant related party transactions during the reporting period[107]. - The company has fully performed its commitments made in the acquisition agreement signed in 2016, including the obligation to not engage in competing businesses without consent[99]. Investment and Financing - The company reported an investment income of CNY 32,921,940.91, which is an increase from CNY 16,130,606.34 year-on-year[166]. - The total approved guarantee amount for subsidiaries is CNY 805 million, with an actual occurrence of CNY 502.13 million during the reporting period[131]. - The company has invested CNY 18 million in bank wealth management products, with an outstanding balance of CNY 14.5 million[133]. Risks and Challenges - The company faces risks from rising labor and raw material costs, which may pressure future profitability[79]. - The company is exposed to risks from fluctuations in the RMB exchange rate, impacting export business and forward foreign exchange settlements[79]. - The small home appliance market is becoming increasingly competitive, posing significant market pressure on the company[79].

Financial Performance - The company's operating revenue for 2020 was ¥2,892,946,072.26, a decrease of 18.33% compared to ¥3,542,141,915.03 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥102,683,614.99, down 20.30% from ¥128,838,723.68 in 2019[18]. - The net profit after deducting non-recurring gains and losses was -¥183,851,077.74, a decline of 294.08% compared to ¥94,728,430.79 in 2019[18]. - The total revenue for 2020 was ¥2,892,946,072.26, a decrease of 18.33% compared to ¥3,542,141,915.03 in 2019[49]. - The industrial segment contributed ¥2,821,181,184.32, accounting for 97.52% of total revenue, with a year-on-year decrease of 18.30%[49]. - The revenue from kitchenware was ¥2,267,776,170.46, representing 78.39% of total revenue, down 17.09% from the previous year[49]. - The revenue from small appliances dropped significantly by 38.10% to ¥275,129,833.56, compared to ¥444,474,733.42 in 2019[49]. - The company reported a total revenue of 200 million for the month of September, reflecting a 51.89% increase compared to the previous month[84]. - The company reported a total revenue of 50 million for the year 2020, reflecting a year-over-year growth of 5.48%[86]. - The total revenue for the year 2020 was 9,810 million RMB, representing a 0.73% increase compared to the previous year[87]. Cash Flow and Investments - The net cash flow from operating activities increased by 81.92% to ¥46,410,252.77 from ¥25,512,026.16 in 2019[18]. - The total cash and cash equivalents increased by 299.00% to ¥190,521,814.25, compared to a decrease in the previous year[62]. - Investment activities generated a net cash flow of ¥75,725,067.52, a significant increase of 125.26% year-on-year[64]. - The company reported a total of 6,750 million in entrusted financial management from its own funds, with an overdue balance of 1,150 million[181]. - The company has committed to invest RMB 84,736.6 million in various projects, with a cumulative investment of RMB 83,811.89 million, achieving an investment progress of 98.9%[95]. Dividends and Shareholder Returns - The company reported a profit distribution plan of cash dividends of 0.75 RMB per 10 shares, based on a total of 340,638,579 shares[4]. - A cash dividend of CNY 25,547,893.43 was declared, representing 100% of the total profit distribution amount[121]. - The cash dividend payout ratio for 2020 is 24.88% of the net profit attributable to shareholders[120]. - The company plans to maintain its dividend policy in line with its long-term development needs and shareholder interests[122]. Market and Product Development - The company launched several new products targeting young consumers, including the fifth generation 316L crystal frying pan and the sixth generation titanium non-stick frying pan[43]. - The company established a new marketing division in 2020 to enhance its e-commerce strategy, focusing on partnerships with platforms like Taobao and JD.com[43]. - The company expanded its international marketing network, aiming to increase foreign sales through self-owned brand clients[43]. - The company is investing in new product development, aiming to launch innovative products in the upcoming quarters to drive further growth[84]. - Aishida plans to enhance its product offerings in the small home appliance sector by focusing on consumer needs and expanding its e-commerce channels, including live-streaming platforms[111]. Risks and Challenges - The company has no significant risks affecting its normal operations[4]. - The company emphasizes the uncertainty of forward-looking statements due to market conditions and operational efforts[4]. - The company faces risks from rising labor and raw material costs, which may pressure future profitability[113]. - The company reported a negative net profit for the last three accounting years after deducting non-recurring gains and losses, indicating uncertainty in its ability to continue as a going concern[18]. Corporate Governance and Compliance - The company has not reported any litigation situations during the reporting period, indicating a stable operational environment[87]. - The company has not engaged in any major litigation or arbitration matters during the reporting period, indicating a stable legal environment[152]. - The company has established a comprehensive human resources management system, ensuring timely salary payments and social insurance for employees[186]. - The company has fulfilled its commitments regarding the use of trademarks and the employment of key personnel as per previous agreements[124]. Environmental and Social Responsibility - The company actively participates in social responsibility initiatives, including support for education and disaster relief[190]. - The company has not faced any environmental penalties or required rectifications from regulatory authorities[189]. - The company emphasizes sustainable development and has implemented measures to minimize environmental impact during production[189]. - The company has established a monitoring system for pollutants, ensuring compliance with environmental regulations[194]. Subsidiaries and Acquisitions - The company established three wholly-owned subsidiaries during the reporting period, expanding its operational scope[56]. - The company has the right to request a buyback of shares if Jiangchen Intelligent fails to meet the agreed net profit targets[129]. - The company plans to require the repurchase of its shares in Jiangchen Intelligent from shareholders Zhu Lizhou and Xiang Jing due to unmet performance commitments[131].

Financial Performance - The company's revenue for Q1 2021 was ¥814,349,279.64, representing a 73.97% increase compared to ¥468,094,508.34 in the same period last year[7] - Net profit attributable to shareholders was ¥16,703,668.32, a significant turnaround from a loss of ¥33,290,483.10, marking a 150.18% improvement[7] - The net profit after deducting non-recurring gains and losses was ¥11,723,310.42, compared to a loss of ¥29,596,565.95, reflecting a 139.61% increase[7] - The basic earnings per share increased to ¥0.05 from a loss of ¥0.10, showing a 150.00% improvement[7] - Operating revenue increased by 73.97% to ¥814,349,279.64, recovering from the previous year's pandemic impact[16] - Operating profit reached CNY 13,227,275.41, compared to an operating loss of CNY 4,900,550.51 in the previous year, reflecting improved operational efficiency[52] - The company reported a total comprehensive income of ¥7,952,347.62, recovering from a loss of ¥36,068,016.65 in the prior year[49] - The company reported a total comprehensive income of CNY 7,056,738.31, recovering from a loss of CNY 3,968,560.73 in the previous year[53] Assets and Liabilities - The company's total assets decreased by 4.82% to ¥5,244,576,889.22 from ¥5,509,926,421.66 at the end of the previous year[7] - The company's current assets totaled ¥2,449,842,499.62, down from ¥2,747,015,108.04 at the end of 2020, indicating a decrease of about 10.9%[38] - Total liabilities decreased from ¥3,240,510,595.89 to ¥2,967,208,715.83, a reduction of about 8.4%[40] - The company's equity attributable to shareholders increased from ¥2,246,824,521.62 to ¥2,256,415,114.15, a growth of approximately 0.4%[41] - Total current liabilities amount to ¥1,770,531,104.15[68] - Total non-current liabilities are ¥607,907,275.87, with long-term loans at ¥269,379,413.67[68] - Total liabilities amount to ¥2,378,438,380.02, while total equity stands at ¥2,239,844,438.55[68] Cash Flow - The net cash flow from operating activities was negative at -¥57,064,389.40, a decline of 244.00% compared to ¥39,628,386.17 in the same period last year[7] - The cash flow from operating activities resulted in a net outflow of CNY 57,064,389.40, contrasting with a net inflow of CNY 39,628,386.17 in the same quarter last year, indicating cash flow challenges[56] - The company incurred a total cash outflow from financing activities of CNY 161,430,607.95, compared to an inflow of CNY 73,979,857.85 in the same quarter last year, highlighting changes in financing strategy[57] - The cash inflow from investment activities was CNY 14,056,480.96, significantly lower than CNY 100,106,146.95 in the previous year, indicating reduced investment activity[56] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,203[11] - The company plans to repurchase shares worth between ¥20 million and ¥40 million within six months starting February 4, 2021[18] Research and Development - R&D expenses surged by 88.00% to ¥40,262,559.73, indicating a renewed focus on innovation[16] - Research and development investments have led to a 36.31% increase in product offerings by the end of Q1 2021[24] Market Strategy - The company is exploring potential mergers and acquisitions to enhance its market position, with a focus on increasing operational efficiency[24] - A strategic initiative has been launched to improve customer retention, aiming for a 25.33% increase in repeat purchases[24] - The management is optimistic about achieving a revenue target of 150 million by the end of the fiscal year, representing a significant growth opportunity[24] Compliance and Risk Management - The company’s derivative investment policy emphasizes risk hedging and prohibits speculative trading, ensuring compliance with regulatory requirements[26] - The company has implemented strict internal control measures for forward foreign exchange settlement and sales to mitigate risks associated with currency fluctuations[26] - The company reported no significant changes in accounting policies for derivative investments compared to the previous reporting period[26] - The company has not reported any litigation situations during the reporting period[25] Other Financial Metrics - The company received government subsidies amounting to ¥5,966,239.74 during the reporting period[8] - Investment income increased by 156.23% to ¥13,199,144.06, driven by higher returns from joint ventures and forward foreign exchange contracts[16] - The company reported a 95.95% decline in other comprehensive income, primarily due to changes in the fair value of equity investments[15]

Financial Performance - Net profit attributable to shareholders decreased by 79.99% to CNY 5,587,520.56 for the current period[7] - Operating revenue for the current period was CNY 800,047,100.19, a decrease of 9.80% year-on-year[7] - Basic earnings per share dropped by 75.00% to CNY 0.02 for the current period[7] - The weighted average return on net assets was 0.24%, down by 1.02% compared to the previous year[7] - The company reported a net profit attributable to shareholders of CNY 149,485,606.61 for the year-to-date, an increase of 38.05%[7] - The company reported a significant decline in foreign exchange sales, with a decrease of 15.72% in June compared to the previous month[27] - In Q3 2020, the company reported a revenue of 100 million, reflecting a decrease of 10.68% compared to the previous period[28] - The company reported a net profit margin of 0.13% for the period ending October 30, 2020, indicating a slight increase compared to previous months[30] - The revenue for the third quarter of 2020 showed a decrease of 4.77% compared to the previous quarter, reflecting challenges in the market[30] - The company reported a net profit margin of 63.54% for the third quarter of 2020[31] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -148,289,198.11, a significant decline of 10,398.64%[7] - Cash flow from operating activities improved by 87.33% to -¥5,954,397.97, attributed to reduced cash payments for goods and services[18] - The cash flow from operating activities shows a net outflow of CNY -5,954,397.97, an improvement from CNY -46,989,679.22 in the previous period[70] - The net cash flow from financing activities is -CNY 84,509,593.49, compared to -CNY 45,839,329.32 in the previous period, reflecting a worsening of 84.2%[74] - The total cash and cash equivalents at the end of the period is CNY 245,794,725.93, an increase of 32.9% from CNY 185,193,162.43 in the previous period[74] Assets and Liabilities - Total assets increased by 2.46% to CNY 5,348,400,812.01 compared to the end of the previous year[7] - The company's total liabilities were RMB 30.31 billion, slightly down from RMB 30.50 billion at the end of 2019[47] - The total liabilities amounted to CNY 3,049,840,902.27, with current liabilities at CNY 2,266,434,604.59 and non-current liabilities at CNY 783,406,297.68[79] - The total equity attributable to shareholders was CNY 2,149,631,761.86, with total equity amounting to CNY 2,170,054,081.46[79] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,890[11] - The largest shareholder, Aishida Group Co., Ltd., holds 35.07% of the shares[12] - The company has completed a share buyback of 9,682,222 shares, accounting for 2.76% of the total share capital, with a total payment of ¥94,835,000.70[22] Investment and Development - The company reported a 40.08% increase in investment income to ¥35,751,575.25 from joint ventures[17] - Research and development expenses increased to CNY 54,625,563.12, slightly up from CNY 54,386,550.98 in the previous period[65] - The company is exploring acquisition opportunities to bolster its market position and diversify its offerings[29] - Research and development investments are set to increase by 20% in the next fiscal year to support innovation[29] Market and Operational Strategy - The company is focusing on expanding its market presence, particularly in the agricultural sector, to enhance revenue streams[30] - Market expansion strategies include targeting new demographics and increasing presence in underrepresented regions[29] - The company aims to improve operational efficiency, targeting a cost reduction of 15% by optimizing supply chain processes[29] Risk Management - The company has implemented strict risk control measures for its forward foreign exchange settlement business, focusing on hedging rather than speculative trading[32] - The company emphasizes the importance of managing accounts receivable to prevent overdue payments, including purchasing credit insurance for export receivables[32] - The company’s risk control measures are in compliance with regulatory requirements and are designed to effectively manage potential risks associated with foreign exchange transactions[32]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥1.13 billion, a decrease of 30.49% compared to the same period last year[18]. - The net profit attributable to shareholders of the listed company reached approximately ¥143.90 million, an increase of 79.05% year-on-year[18]. - The net cash flow from operating activities was approximately ¥142.33 million, a significant increase of 393.90% compared to the previous year[18]. - Basic earnings per share were ¥0.42, reflecting a 75.00% increase from ¥0.24 in the same period last year[18]. - The company reported a net profit excluding non-recurring gains and losses of approximately -¥52.41 million, a decrease of 176.87% year-on-year[18]. - The company’s cookware business generated revenue of CNY 900 million, down 27.83% year-on-year, while the small home appliances segment reported revenue of CNY 112 million, down 41.50%[43]. - The company’s financial expenses increased by 19.24% to ¥24.58 million from ¥20.61 million year-on-year[49]. - The company reported a significant increase in income tax expenses, rising 1,126.35% to ¥18.36 million due to higher total profits compared to the previous year[49]. - The company’s net profit for the first half of 2020 was approximately 235 million yuan[94]. - The company reported a total investment amount of 100 million USD in forward foreign exchange contracts during the reporting period[72]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥5.09 billion, a decrease of 2.52% from the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 6.62% to approximately ¥2.29 billion compared to the end of the previous year[18]. - Cash and cash equivalents at the end of the reporting period amounted to ¥458,477,352.4, representing 9.01% of total assets, a decrease of 1.32% compared to the previous year[60]. - Accounts receivable totaled ¥655,396,456.0, accounting for 12.88% of total assets, down by 3.90% year-on-year[60]. - Inventory increased to ¥887,259,595.6, which is 17.44% of total assets, reflecting a rise of 0.88% compared to the same period last year[60]. - Total liabilities decreased to ¥2,779,221,206.06 from ¥3,049,840,902.27, marking a reduction of approximately 8.9%[174]. - The company's equity attributable to shareholders increased to ¥2,291,997,163.86 from ¥2,149,631,761.86, reflecting an increase of about 6.6%[175]. Investments and Projects - The company invested ¥229,821,050.8 in construction projects, which is 4.52% of total assets, primarily due to investments in the headquarters eastern new district project[60]. - The company has invested a total of RMB 131.57 million in various projects, including RMB 78.74 million for the "Annual Increase of 7.5 Million Oil-free Wok and Modified Iron Pot Project" and RMB 33.13 million for the "Annual Increase of 6.5 Million Smart Energy-saving Kitchen Appliances Project"[86]. - The company plans to increase production capacity by adding 5 million stainless steel and composite cookware units in 2020, achieving a project completion rate of 115.61%[84]. - The company has adjusted its project plans due to government planning changes, affecting the implementation of several projects[84]. - The company has identified significant growth potential in the small appliance market, driven by rising living standards and changing consumer attitudes, particularly in rural areas[89]. Market and Sales - Online sales channels saw a rapid recovery post-pandemic, with second-quarter sales increasing by 88.30% year-on-year, and Tmall flagship store sales up 131% in June[44]. - The company has established a robust domestic and international marketing network, with a focus on e-commerce platforms such as Taobao and JD.com[31]. - The company is actively expanding its market presence through strategic investments and partnerships in the kitchen appliance sector[93]. - The company has launched several new product lines, including the fifth-generation 316L crystal frying pan and antibacterial health home products, catering to younger consumer preferences[44]. Risk Management - The company emphasizes the uncertainty of future plans and potential risks, urging investors to be cautious[4]. - The company faces risks including rising labor costs, currency exchange rate fluctuations, and intensified competition in the small appliance market[103]. - The company has implemented strict risk control measures in its foreign exchange forward contracts, adhering to market value principles[75]. - The company has purchased credit insurance for export receivables to reduce the risk of customer defaults[76]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The company has not reported any litigation issues related to its financial operations during the reporting period[75]. - The company has not engaged in any significant related party transactions during the reporting period[119]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[156]. Environmental Compliance - The company has established a strict monitoring system for pollutants, ensuring compliance with environmental standards[145]. - The company reported a total of 3.13 tons of COD emissions and 0.12 tons of ammonia nitrogen emissions during the reporting period, both within the regulatory limits[143]. - The company has developed a detailed emergency response plan for environmental incidents[145].

Financial Performance - The company's operating revenue for 2019 was approximately ¥3.54 billion, an increase of 8.73% compared to ¥3.26 billion in 2018[18]. - The net profit attributable to shareholders decreased by 13.35% to approximately ¥128.84 million from ¥148.70 million in 2018[18]. - The net profit after deducting non-recurring gains and losses fell by 33.58% to approximately ¥94.73 million compared to ¥142.61 million in 2018[18]. - The net cash flow from operating activities significantly decreased by 81.88% to approximately ¥25.51 million from ¥140.80 million in 2018[18]. - The basic earnings per share decreased by 11.90% to ¥0.37 from ¥0.42 in 2018[18]. - Total assets increased by 11.91% to approximately ¥5.22 billion from ¥4.66 billion at the end of 2018[18]. - The net assets attributable to shareholders decreased by 3.20% to approximately ¥2.15 billion from ¥2.22 billion at the end of 2018[18]. - The weighted average return on equity was 5.86%, down from 6.73% in 2018[18]. Revenue Breakdown - The company's total revenue for Q4 reached ¥1,030,775,067.92, marking a significant increase compared to previous quarters[22]. - The net profit attributable to shareholders for Q1 was ¥48,340,845.08, while the net profit for Q4 dropped to ¥20,554,517.75, indicating a downward trend[22]. - The net cash flow from operating activities improved significantly in Q4 to ¥72,501,705.38, following a negative cash flow in Q1 of ¥-103,647,018.75[22]. - The cookware segment accounted for 77.22% of total revenue, with sales of CNY 2.735 billion, up by 4.89% year-on-year[48]. - Domestic sales were CNY 2.109 billion, making up 59.54% of total revenue, while international sales reached CNY 1.344 billion, accounting for 37.94%[48]. Investment and Expansion - The company received government subsidies amounting to ¥50,274,719.40 in 2019, a substantial increase from ¥23,903,485.77 in 2018[23]. - The company is actively investing in e-commerce, with products available on major platforms like Taobao and Amazon, aiming for rapid growth in this sector[32]. - The company has expanded its international market presence, exporting products to over 40 countries, including the US, Germany, and Japan[31]. - The company has established a strong brand presence in the domestic cookware market, recognized as a leading brand alongside Supor[30]. - The company has established a comprehensive quality assurance system and obtained ISO 9001:2015 certification[39]. Research and Development - R&D personnel increased to 435, representing a 1.40% growth year-over-year, while R&D expenditure rose by 16.67% to ¥173,305,042.12, accounting for 4.89% of operating revenue[63]. - The company holds a high-tech enterprise status and has established a provincial research institute, enhancing its innovation capabilities[33]. - The company has made significant advancements in high-precision polishing technology applicable to the aerospace and new energy vehicle sectors[45]. Cash Flow and Financial Management - Operating cash inflow decreased by 5.89% to ¥3,201,415,895.68, with net cash flow from operating activities dropping significantly by 81.88% to ¥25,512,026.16 due to reduced cash receipts from sales[64]. - Investment cash inflow fell by 66.23% to ¥443,614,282.42, while net cash flow from investment activities decreased by 293.33% to -¥299,831,682.23, primarily due to reduced purchases of financial products and increased cash payments for fixed assets[64]. - Financing cash inflow slightly decreased by 1.96% to ¥1,258,623,784.38, but net cash flow from financing activities surged by 325.73% to ¥174,755,758.86, mainly due to reduced cash payments for debt repayment[64]. Corporate Governance and Shareholder Relations - The company has not reported any ongoing litigation related to its investments[77]. - The company has not made any adjustments to its cash dividend policy during the reporting period[110]. - The independent directors have fulfilled their responsibilities in the decision-making process regarding the cash dividend policy[110]. - The company has committed to continue returning value to investors through cash dividends in accordance with relevant laws and regulations[113]. - The company held four shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[170]. Environmental and Social Responsibility - The company has invested in environmental protection facilities, ensuring compliance with national regulations and minimizing waste during production[173]. - The company is a major taxpayer in the local area, actively participating in social welfare and educational support initiatives[174]. - The company has established a strict monitoring system for pollutants, ensuring compliance with environmental standards[178]. Market Challenges and Future Outlook - The company has faced challenges in achieving expected sales due to market demand fluctuations, particularly in the non-stick cookware and energy-saving kitchen appliances segments[90]. - Labor cost increases pose a risk to future profitability and market competitiveness[105]. - The company anticipates continued growth in the small home appliance market driven by urbanization and changing consumer lifestyles[103].

Financial Performance - The company's operating revenue for Q1 2020 was ¥468,094,508.34, a decrease of 45.60% compared to ¥860,483,242.18 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥33,290,483.10, representing a decline of 168.87% from a profit of ¥48,340,845.08 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥29,596,565.95, down 179.50% from ¥37,226,802.06 in the same period last year[7]. - The basic and diluted earnings per share were both -¥0.10, a decrease of 171.43% compared to ¥0.14 in the same period last year[7]. - The total comprehensive income for the first quarter was a loss of CNY 36,068,016.65, compared to a profit of CNY 47,207,550.27 in the previous year[52]. - The operating profit for the first quarter was a loss of CNY 42,421,112.20, compared to a profit of CNY 52,033,351.17 in the previous year[51]. Cash Flow - The net cash flow from operating activities was ¥39,628,386.17, a significant improvement from a negative cash flow of ¥103,647,018.75 in the previous year, marking a change of 138.23%[7]. - Cash flow from operating activities improved to ¥39,628,386.17, a 138.23% increase from a negative cash flow of ¥103,647,018.75 in the previous year, mainly due to reduced operating expenditures[19]. - The cash inflow from operating activities was CNY 770,581,335.21, a decrease from CNY 835,331,291.46 in the previous period[58]. - The cash inflow from financing activities was CNY 209,283,983.91, compared to CNY 367,831,170.21 in the previous period[60]. - The net cash flow from financing activities decreased to CNY 73,979,857.85 from CNY 203,506,013.09 in the previous period[60]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,119,194,772.83, a decrease of 2.42% from ¥5,246,160,201.60 at the end of the previous year[7]. - The total current assets decreased to ¥2,514,827,056.98 from ¥2,665,810,435.94, a decline of about 5.7%[40]. - Total liabilities decreased to CNY 2,201,108,561.86 from CNY 2,116,511,517.95, indicating a reduction of about 4.0%[47]. - The total equity attributable to shareholders decreased to CNY 2,127,498,163.34 from CNY 2,161,029,682.38, a decline of about 1.6%[44]. Expenses - Operating costs decreased to ¥298,218,527.04, down 44.08% from ¥533,278,103.35, reflecting cost control measures[17]. - Research and development expenses were reduced by 41.43% to ¥21,416,388.89 from ¥36,567,473.11, indicating a decrease in R&D investment[17]. - The sales expenses for the first quarter were CNY 139,721,153.78, down from CNY 185,613,855.71 in the previous year[50]. - The company reported a credit impairment loss of CNY 14,090,085.21, contrasting with a reversal of CNY 3,848,074.28 in the previous year[50]. Shareholder Information - The total number of shareholders at the end of the reporting period was 16,462, with the largest shareholder, Aishida Group Co., Ltd., holding 35.07% of the shares[11]. - The company plans to extend its employee stock ownership plan for an additional 12 months, reflecting confidence in future stable development[20]. Financial Strategy and Investments - The company’s financial strategy includes a focus on wealth management and derivative investments to enhance liquidity and manage currency risk[30]. - The company engaged in derivative investments with a total initial investment of 100 million USD, with no impairment provisions recorded during the reporting period[30]. - The company has maintained a liquidity position with no overdue receivables from wealth management investments[29]. Compliance and Reporting - There were no instances of non-compliance with external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[34][35]. - The first quarter report for 2020 was not audited, indicating preliminary figures[72]. - The company has implemented the new revenue and lease standards starting January 1, 2020, affecting financial reporting[72].

浙江爱仕达电器股份有限公司 2019 年第三季度报告全文 浙江爱仕达电器股份有限公司 2019 年第三季度报告 2019 年 10 月 1 浙江爱仕达电器股份有限公司 2019 年第三季度报告全文 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。 公司负责人陈合林、主管会计工作负责人陈合林及会计机构负责人(会计主 管人员)林联方声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江爱仕达电器股份有限公司 2019 年第三季度报告全文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 4,729,880,114.66 | 4,664,177,532.10 | | 1.41% | | 归属于上市公司股东的净资产 | 2,132,47 ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,624,388,366.19, representing a 6.15% increase compared to CNY 1,530,236,219.18 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 12.70% to CNY 80,367,259.65 from CNY 92,063,414.04 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 24.06% to CNY 68,181,326.15 compared to CNY 89,782,737.00 in the previous year[20]. - The basic earnings per share decreased by 7.69% to CNY 0.24 from CNY 0.26 in the same period last year[20]. - The diluted earnings per share also decreased by 7.69% to CNY 0.24 compared to CNY 0.26 in the previous year[20]. - The weighted average return on net assets was 3.58%, down from 4.12% in the same period last year, a decrease of 0.54%[20]. - The company achieved a sales revenue of RMB 1.624 billion in the first half of 2019, representing a year-on-year growth of 6.15%[46]. - The net profit attributable to shareholders was RMB 80.37 million, a decrease of 12.70% compared to the same period last year[46]. - The company reported a total profit for the first half of 2019 of CNY 79,931,713.01, down from CNY 167,942,077.39 in the same period of 2018[172]. - The total comprehensive income for the first half of 2019 was 80,367,000 CNY, a decrease of 16.87% compared to the previous period[183]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -48,429,570.17, a decline of 29.72% from CNY -37,334,216.34 in the same period last year[20]. - The total assets at the end of the reporting period were CNY 4,914,566,784.75, an increase of 5.37% from CNY 4,664,177,532.10 at the end of the previous year[20]. - The company's cash and cash equivalents decreased to CNY 507,778,878.42 from CNY 540,643,221.09, a decline of about 6.1%[156]. - Total liabilities rose to CNY 2,651,724,529.61 from CNY 2,417,293,830.29, indicating an increase of around 9.7%[159]. - The company's equity attributable to shareholders increased slightly to CNY 2,239,991,525.66 from CNY 2,220,736,819.82, a growth of about 0.9%[159]. - The company reported a net cash outflow of 33,141,511.64 CNY in the first half of 2019, contrasting with a net increase of 67,838,566.13 CNY in the same period of 2018[177]. - The total cash and cash equivalents at the end of the first half of 2019 were 456,940,843.05 CNY, down from 562,322,329.25 CNY at the end of the first half of 2018[177]. Investments and Acquisitions - The company invested RMB 137.28 million to acquire a 39% stake in Qianjiang Robot, increasing its total ownership to 90%[47]. - The company’s robot business experienced a significant growth of 51.61% year-on-year, driven by the acquisition of Qianjiang Robot and other application companies[54]. - The company has committed 30,132.89 million for working capital, achieving a 100% completion rate[79]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[184]. Research and Development - The research and development expenditure increased by 11.65% to RMB 73.42 million compared to the previous year[49]. - The company is recognized as a national high-tech enterprise, with a provincial enterprise research institute and a provincial R&D center, maintaining leading research and development levels domestically and internationally[28]. - The company is focused on the development of new technologies and products, particularly in the field of robotics and automation[197]. Market Presence and Strategy - The company has established a strong domestic marketing network and an overseas marketing network primarily based on distributors, covering major cities and penetrating into most second and third-tier cities[35]. - The company plans to continue investing in e-commerce to promote rapid growth in its online business[35]. - The company has registered its brand in over 40 countries and regions, enhancing its global brand recognition and reputation[34]. - The company aims to leverage its advantageous geographical location in Jiashan to reduce procurement costs and enhance market expansion strategies[84]. Environmental and Compliance - The company has established a strict monitoring system for pollutants, ensuring compliance with environmental standards[129]. - The company has a wastewater treatment capacity of 1,000 tons per day, ensuring that all wastewater meets the third-level discharge standards[127]. - The total COD emissions were recorded at 5.594 tons, with a permitted annual discharge of 27.11 tons[127]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[98]. - As of March 5, 2019, the company completed a share repurchase totaling 9,682,222 shares, accounting for 2.76% of total equity, with a total expenditure of approximately ¥94.84 million[106]. - The largest shareholder, Aishida Group Co., Ltd., holds 35.07% of the company's shares, making it the controlling shareholder[141]. - The company has a total of 122,850,000 ordinary shares with unlimited sale conditions[141]. Risks and Challenges - The company faces risks from rising labor costs, fluctuations in the RMB exchange rate, and intensified competition in the small appliance market[93]. - The company is facing delays in project implementation due to changes in land use planning and external economic factors[79]. - The company has not reported any major litigation or arbitration matters during the reporting period[103].