浙江爱仕达电器股份有限公司 2016 年第一季度报告正文 证券代码：002403 证券简称：爱仕达 公告编号：2016-045 浙江爱仕达电器股份有限公司 2016 年第一季度报告正文 1 浙江爱仕达电器股份有限公司 2016 年第一季度报告正文 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张建秋及会计机构负责人(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 2016 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等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） | 630,784,159.71 | 505,363,292.69 | 24.82 ...

Financial Performance - The company's operating revenue for 2015 was CNY 2,242,019,425.13, representing a 1.61% increase compared to CNY 2,206,531,493.49 in 2014[18]. - The net profit attributable to shareholders for 2015 was CNY 113,394,629.15, a significant increase of 39.40% from CNY 81,344,022.60 in 2014[18]. - The net profit after deducting non-recurring gains and losses was CNY 79,983,717.35, up by 20.80% from CNY 66,212,221.66 in the previous year[18]. - The basic earnings per share for 2015 was CNY 0.36, an increase of 38.46% compared to CNY 0.26 in 2014[18]. - The net cash flow from operating activities decreased by 48.61% to CNY 130,113,342.94 from CNY 253,195,150.98 in 2014[18]. - Total assets at the end of 2015 were CNY 2,739,169,052.53, reflecting a 1.20% increase from CNY 2,706,822,157.40 at the end of 2014[18]. - The net assets attributable to shareholders at the end of 2015 were CNY 1,667,444,302.98, a slight increase of 0.43% from CNY 1,660,321,491.07 in 2014[18]. - The weighted average return on equity for 2015 was 6.80%, up from 4.95% in 2014[18]. - The company reported a quarterly revenue of CNY 630,729,487.83 in Q4 2015, which was the highest among the four quarters[21]. - In 2015, the company's non-operating income totaled ¥33,410,911.80, a significant increase from ¥15,131,800.94 in 2014, representing a growth of 121.1%[24]. Investment and Projects - The company plans not to distribute cash dividends or issue bonus shares for the year[6]. - The company has committed to invest RMB 15,314 million in the new oil-free frying pan and modified iron pot project, with 94.32% of the investment completed by June 30, 2012[74]. - The company plans to invest RMB 4.63 million of the raised funds in a new non-stick cookware project, which is expected to increase production capacity by 10 million units[72]. - The company plans to add 5 million stainless steel and composite cookware through technical upgrades in 2016, with an investment of 14,266 thousand and an expected revenue of 3,488.43 million, representing a 24.45% increase[75]. - A new project aims to add 6.5 million smart energy-saving kitchen appliances in 2016, with an investment of 16,412 thousand and projected revenue of 15,976.12 million, indicating a 97.34% increase[75]. - The company is facing delays in project implementation due to changes in location and government land indicators, affecting the expected benefits of several projects[75]. - The company has reported that the ongoing projects have not yet reached the expected operational status, making it difficult to assess their anticipated benefits[75]. Market and Sales - Domestic sales reached CNY 1,387.62 million, up 13.86% year-on-year, while foreign sales decreased by 12.75% to CNY 831.03 million[47]. - The sales volume of cookware increased by 6.83% to 2.598 million units, while the production volume rose by 18.36% to 922 thousand units[50]. - The company’s gross profit margin for cookware was 41.84%, with a slight decrease of 2.90% compared to the previous year[49]. - The company has a significant focus on e-commerce, with its products available on major platforms such as Taobao, JD.com, and Amazon, and plans to increase investment in this area[33]. - The overall economic growth in China was 6.9% in 2015, with a clear trend towards consumption upgrading, benefiting the company's market position[28]. Research and Development - The company holds 1,943 patents as of December 31, 2015, including 47 invention patents, 579 utility model patents, and 1,317 design patents[34]. - The company has been recognized as a national high-tech enterprise and has a provincial research institute and R&D center, indicating its strong innovation capabilities[34]. - Research and development investment reached ¥86,569,705.88, representing 3.86% of operating revenue, an increase of 7.66% compared to the previous year[57]. - The number of R&D personnel increased by 1.89% to 162, representing 3.11% of the total workforce[57]. Corporate Governance and Compliance - The company has maintained a consistent accounting policy with no changes reported[96]. - The company has no non-operating fund occupation by controlling shareholders or related parties[95]. - The audit firm, Lixin CPA, has been retained for 9 consecutive years, with an audit fee of 950,000 yuan for the current period[99]. - The company has no major accounting errors requiring restatement during the reporting period[97]. - The company has established a comprehensive human resources management system, ensuring timely salary payments and social insurance contributions for employees[143]. - The company emphasizes sustainable development and has not faced any environmental penalties or requirements for rectification during the reporting period[145]. Shareholder Information - The largest shareholder, Aishida Group Co., Ltd., holds 39.38% of the shares, with a total of 122,850,000 shares[158]. - The total number of ordinary shareholders at the end of the reporting period was 23,230[157]. - The company plans to issue up to 30 million shares, raising no more than 325.5 million yuan[104]. - The non-public offering has been approved by the China Securities Regulatory Commission on December 30, 2015[105]. Employee and Management - The total number of employees in the company is 5,217, with 1,624 in the parent company and 3,529 in major subsidiaries[178]. - The company has established a competitive salary and benefits system, incorporating a "fixed salary + performance assessment" model[179]. - The company has implemented a comprehensive training program through its Aishida Business School, achieving 100% completion of training plans across subsidiaries[180]. - The management team includes experienced professionals with significant industry expertise, contributing to the company's growth strategy[170]. Risks and Challenges - Risks include rising labor costs, fluctuations in the RMB exchange rate, and intensified competition in the small appliance market[85]. - The company reported that the actual sales prices of products did not meet expectations due to market weakness, affecting overall profitability[76]. - The company experienced a slowdown in international sales of its own brand, leading to a reduction in project investment pace to avoid unnecessary waste[76].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥16,416,221.28, representing a year-on-year increase of 6.49%[7] - Operating revenue for the reporting period was ¥610,603,023.96, up 5.07% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥13,072,251.38, an increase of 16.64% compared to the same period last year[7] - The weighted average return on net assets was 0.98%, an increase of 0.03% compared to the previous year[7] - The basic earnings per share for the reporting period was ¥0.05, unchanged from the previous year[7] - The estimated net profit attributable to shareholders for 2015 is expected to range from 105.75 million to 130.15 million CNY, representing a growth of 30.00% to 60.00% compared to the previous year[24] - The net profit for 2014 was 81.34 million CNY, indicating a significant increase in profitability for 2015[24] - The increase in operating profit and net profit is attributed to growth in domestic sales and increased investment and financial income[24] Assets and Equity - Total assets at the end of the reporting period reached ¥2,743,155,748.81, an increase of 1.34% compared to the end of the previous year[7] - The company’s total equity increased by 30% to CNY 312,000,000.00 due to the capitalization of capital reserves[18] - Investment properties increased by 84.57% to CNY 3,059,078.93, resulting from the rental of factory buildings by a subsidiary[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,126[11] - The largest shareholder, Aishida Group Co., Ltd., held 39.38% of the shares, amounting to 94,500,000 shares[11] Cash Flow and Expenses - The company reported a net cash flow from operating activities of -¥1,008,467.62, a decrease of 100.75% year-on-year[7] - Net cash flow from operating activities decreased by 100.75% to CNY -1,008,467.62, attributed to increased operating expenditures[18] - Financial expenses decreased by 123.41% to CNY -1,430,119.37, mainly due to increased exchange gains[18] Receivables and Prepayments - Accounts receivable decreased by 64.82% to CNY 29,263,002.06 due to the transfer of bills received during the period[18] - Prepayments increased by 36.98% to CNY 33,421,291.61, primarily due to prepayments for materials[18] Investment and Acquisitions - Investment income increased by 194.61% to CNY 17,689,313.30, driven by returns from financial products and entrusted loans[18] - The company completed the acquisition of 100% equity in its subsidiary, Hubei Electric Appliances, by purchasing minority shares[18] Impairment and Subsidies - The company reported a 102.49% increase in asset impairment losses to CNY 22,582,469.10, mainly due to increased bad debt provisions[18] - The company received government subsidies totaling ¥14,809,235.03, primarily related to relocation costs and asset disposal losses[8] Future Plans - The company plans to issue up to 30 million shares to raise no more than CNY 325.5 million[19]

Financial Performance - The company's operating revenue for the first half of 2015 was ¥1,000,686,913.34, a decrease of 3.41% compared to the same period last year[19]. - Net profit attributable to shareholders was ¥57,605,128.33, representing a significant increase of 49.71% year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥43,507,916.89, up by 23.60% from the previous year[19]. - The basic earnings per share increased to ¥0.24, reflecting a growth of 50.00% compared to the same period last year[19]. - The net cash flow from operating activities was ¥8,706,786.24, a sharp decline of 92.49% year-on-year[19]. - The company's gross profit margin increased by 3.78% compared to the same period last year, primarily due to higher domestic gross margins compared to foreign sales[27][34]. - The company reported a significant decrease in cash flow from operating activities, down 92.49% to CNY 8,706,786.24, mainly due to increased employee wages and taxes[34]. - The company’s R&D investment decreased by 15.51% to CNY 32,129,468.63, indicating a potential area for future improvement[34]. - The company reported a comprehensive income of 57,605,128.33 CNY, a decrease from the previous period, reflecting challenges in profitability[160]. - The total comprehensive income for the period was 81,344,022.60 CNY, reflecting a significant increase compared to the previous period[162]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,731,809,492.57, an increase of 0.92% from the end of the previous year[19]. - The net assets attributable to shareholders were ¥1,659,654,802.16, showing a slight decrease of 0.04% compared to the previous year[19]. - The total liabilities amounted to RMB 718,956,633.14, up from RMB 692,267,556.13, marking an increase of about 3.8%[136]. - The company's total equity at the end of the period was 1,595,427,000.00 CNY, showing a decrease from the previous year's total equity of 1,462,421,000.00 CNY[164]. Investment and Financing Activities - The company invested CNY 435 million to establish Qianhai Reinsurance Co., holding a 14.5% stake, aiming to optimize its operational structure and enhance overall competitiveness[30]. - A non-public offering plan was approved to issue up to 30 million shares, raising a maximum of CNY 32,550,000, which will support business growth and marketing network development[31]. - The company received 180,000,000.00 CNY from borrowings, down from 254,351,820.00 CNY in the previous period, indicating reduced reliance on external financing[156]. - The company paid 203,428,000.00 CNY to repay debts, which is an increase from 155,055,080.00 CNY in the previous period, reflecting a focus on debt reduction[156]. Shareholder Returns - The company plans to distribute a cash dividend of ¥2.00 per 10 shares, with no bonus shares issued[4]. - The company plans to distribute a cash dividend of 2.5 CNY per 10 shares, totaling 60,000,000 CNY, based on a total share capital of 240,000,000 shares[73]. - The total distributable profit for the period is reported as 242,989,568.33 CNY, with cash dividends accounting for 100% of the profit distribution[75]. - The company distributed dividends totaling 60,000,000.00 CNY, consistent with the previous period, indicating stable shareholder returns[160]. Operational Developments - The company applied for 91 patents and obtained 107 patents in the first half of 2015, enhancing its core competitiveness through continuous product development[29]. - The company plans to continue enhancing domestic sales while gradually recovering foreign sales as the RMB exchange rate adjusts[27]. - The company has maintained a strong brand influence, being a leading player in the cookware industry with its trademark recognized as a famous Chinese brand[39]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[145]. Risk Management - The company has engaged in forward foreign exchange contracts to hedge against exchange rate risks, with a total investment amount of ¥31,512.85 million, representing 9.95% of the net assets at the end of the reporting period[51]. - The company has implemented strict risk control measures for its forward foreign exchange operations, including using bank rates for customer quotes and actively managing accounts receivable to avoid overdue payments[52]. - The company has taken measures to purchase credit insurance for export receivables to mitigate the risk of customer defaults[52]. Related Party Transactions - The company recognized rental fees of 190.56 million CNY from Aishida Group for housing, a decrease of 35.8% compared to 297.12 million CNY in the previous year[91]. - The company has established procedures to ensure fair and reasonable transactions in related party dealings[107]. - The company has committed to reducing and regulating related party transactions to avoid conflicts of interest[106]. Compliance and Governance - The audit of the semi-annual financial report was conducted by Lixin Accounting Firm, with a fee of 700,000 CNY[108]. - The company has not faced any penalties or corrective actions during the reporting period[108]. - The company confirms its ability to continue as a going concern for at least 12 months from the reporting date[173]. Market Conditions - The company plans to expand its marketing network, with a cumulative investment of RMB 3,040.91 million, achieving a completion rate of 64.01%[61]. - The company has postponed the investment in the project for adding 500 million stainless steel and composite cookware due to reduced demand following the global financial crisis[61].

Financial Performance - The company's operating revenue for Q1 2015 was ¥505,363,292.69, representing a 0.76% increase compared to ¥501,552,526.84 in the same period last year[8]. - Net profit attributable to shareholders increased by 98.23% to ¥32,442,074.20 from ¥16,365,661.58 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥25,641,059.28, up 50.37% from ¥17,052,245.93 in the previous year[8]. - The basic and diluted earnings per share both doubled to ¥0.14 from ¥0.07 in the same quarter last year[8]. - The company's total tax expenses increased by 4.38 times to ¥10,288,133.18, driven by a significant increase in total profit[17]. - The net profit attributable to shareholders for the first half of 2015 is expected to increase by 30.00% to 80.00%, ranging from 5,000 to 7,000 million CNY[23]. - The net profit for the first half of 2014 was 3,847.76 million CNY[23]. - The increase in operating profit, total profit, and net profit is attributed to growth in domestic sales and increased investment and financial income[23]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,714,953,145.31, a slight increase of 0.30% from ¥2,706,822,157.40 at the end of the previous year[8]. - The net assets attributable to shareholders rose by 2.06% to ¥1,694,491,748.03 from ¥1,660,321,491.07 at the end of the last year[8]. - The company's other receivables increased by 51.83% to ¥14,387,994.57, primarily due to an increase in turnover reserve funds[17]. - The company's other payables increased by 89.28% to ¥31,810,451.95, mainly due to accrued but unpaid expenses[17]. - The company's deferred income tax liabilities amounted to ¥34,016.17, resulting from temporary differences arising from forward foreign exchange contracts[17]. Cash Flow - The net cash flow from operating activities decreased by 20.22% to ¥37,638,618.11 from ¥47,179,356.26 in the same period last year[8]. - The company's cash and cash equivalents at the end of the period reached ¥371,236,325.01, an increase of 46.96% compared to the beginning of the period, primarily due to an increase in bank deposits[17]. - The net cash flow from investing activities was ¥72,243,943.89, representing a growth of 154.48% year-on-year, mainly due to the receipt of construction rewards and the maturity of financial products[17]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Hubei Aishida Electric Co., Ltd. by purchasing a 25% stake for ¥5,319,784.93[18]. - The company plans to participate in the establishment of a reinsurance company with a capital contribution of ¥43,500,000, representing 14.5% of the registered capital[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,184[12]. - The largest shareholder, Aishida Group Co., Ltd., holds 39.38% of the shares, with a total of 94,500,000 shares pledged[12]. Financial Expenses - The company's financial expenses decreased by 38.98% year-on-year to ¥1,979,718.73, mainly due to reduced exchange losses[17]. - The company received government subsidies amounting to ¥5,699,875.62 related to relocation costs and asset disposal losses[9].

Financial Performance - The company's operating revenue for 2014 was CNY 2,206,531,493.49, representing a year-on-year increase of 3.37%[28]. - The net profit attributable to shareholders for 2014 was CNY 81,344,022.60, a significant increase of 89.72% compared to the previous year[28]. - The net profit excluding non-recurring gains and losses reached CNY 66,212,221.66, reflecting a growth of 116.93% year-on-year[28]. - The cash flow from operating activities amounted to CNY 253,195,150.98, an increase of 27.95% from the previous year[28]. - The company's operating revenue for 2014 was CNY 2,206,531,493.49, representing a year-on-year increase of 3.37% compared to CNY 2,134,693,672.79 in 2013[34]. - The net profit attributable to shareholders for 2014 was CNY 84,964,200, reflecting a year-on-year growth of 89.72%[36]. - The gross profit from cookware products accounted for 96.00% of total gross profit, with a slight decrease of 0.66% year-on-year[35]. - The company's cash flow from operating activities increased by 27.95% to CNY 253,195,150.98 compared to CNY 197,880,609.99 in the previous year[35]. - The company expects net profit attributable to shareholders for 2014 to be in the range of CNY 77,000,000 to CNY 98,500,000, indicating a growth of 80%-130% year-on-year[35]. - The cash dividends paid in 2014 accounted for 73.76% of the consolidated net profit attributable to the company[110]. Market and Competition - The small home appliance market is becoming increasingly competitive, with the company's market share remaining low and production volumes not reaching economic scale[12]. - The company has not entered the mainstream market for small home appliances, indicating potential for growth if market share can be improved[12]. - The company recognizes risks such as rising labor costs, currency fluctuations, and intensified competition in the small appliance market[100][102][103]. - The compound annual growth rate (CAGR) of the Chinese cookware market from 2014 to 2019 is projected to be 8.9%, with high-end, mid-range, and low-end markets growing at rates of 13%, 12%, and 6% respectively[89]. - Currently, the high-end market accounts for approximately 10% of the domestic cookware market, while the mid-range market represents about 15%, leaving 75% for the low to mid-range market dominated by numerous small brands[88]. Innovation and Development - A total of 307 patents were applied for in 2014, with 272 granted, enhancing the company's innovation capabilities[31]. - The company held 1,879 patents by the end of the reporting period, emphasizing its commitment to intellectual property protection[46]. - The company has developed non-patented technologies in multi-layer composite materials and precision molding, enhancing its production capabilities[61]. - The company’s production capacity and technology level for cookware and kitchen appliances are among the leading in China, ensuring cost reduction and quality improvement[62]. - The company has maintained a strong technical support team, which is crucial for its production and operational success[61]. Corporate Governance and Compliance - The company operates under the supervision of the China Securities Regulatory Commission and is listed on the Shenzhen Stock Exchange[15]. - The company’s financial report has been audited by Lixin Certified Public Accountants, ensuring the accuracy and completeness of the financial data presented[19]. - The company has maintained compliance with relevant laws and regulations regarding corporate governance and insider information management[198]. - The company has not reported any incidents of insider trading or regulatory actions related to insider information during the reporting period[198]. - The company’s governance practices align with the requirements of the Company Law and the China Securities Regulatory Commission[198]. Shareholder and Capital Management - The company plans to distribute a cash dividend of 2.50 CNY per 10 shares to all shareholders, based on a total of 240,000,000 shares[5]. - The company has maintained a stable profit distribution policy, focusing on cash distribution to ensure consistent returns for shareholders[115]. - The company has not proposed any capital reserve transfer to increase share capital in the last three years[112]. - The total number of shares remained at 240,000,000, with 92.66% being unrestricted shares[164]. - The controlling shareholder, Aishida Group Co., Ltd., holds 39.38% of the company's shares, amounting to 94,500,000 shares[166]. Strategic Initiatives - The company is in the process of planning a non-public offering of A-shares, which has been approved by the board and is currently undergoing due diligence[13]. - The company signed a strategic agreement with Roland Berger to enhance its long-term development and strategic planning[33]. - The company aims to increase its market share in cookware products and expand into small appliances, leveraging e-commerce and direct sales channels[91]. - A non-public offering of up to 30 million shares at a price of CNY 10.85 per share is planned, with total funds raised not exceeding CNY 325.5 million to support working capital[99]. - The company plans to establish an internal sharing mechanism and promote an employee stock ownership plan to enhance employee engagement and motivation[98]. Risk Management - The company faces risks from rising labor costs, which have increased despite automation efforts, impacting future profitability and market competitiveness[12]. - The company is under pressure from the appreciation of the RMB, which affects export growth, while depreciation could introduce uncertainties in forward foreign exchange settlements[12]. - The company has implemented strict risk control measures for foreign exchange forward contracts to avoid speculative trading[69]. - The company emphasizes the importance of managing accounts receivable to prevent overdue situations, thereby reducing risks associated with foreign exchange forward contracts[69]. Social Responsibility - The company actively engages in social responsibility initiatives, contributing to local education and disaster relief efforts[120]. - The company was awarded the title of "Meritorious Enterprise" by the Taizhou Municipal Government for its significant contributions to the local economy in 2014[120].

浙江爱仕达电器股份有限公司 2014 年第三季度报告正文 证券代码：002403 证券简称：爱仕达 公告编号：2014-057 浙江爱仕达电器股份有限公司 2014 年第三季度报告正文 1 浙江爱仕达电器股份有限公司 2014 年第三季度报告正文 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张建秋及会计机构负责人(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 2014 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等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） | 2,677,971,478.87 | | 2,375,943, ...

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 1,036,034,853.45, representing a 6.80% increase compared to CNY 970,095,125.05 in the same period last year[21]. - Net profit attributable to shareholders reached CNY 38,477,582.16, a significant increase of 105.82% from CNY 18,695,120.54 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 35,200,342.93, up 147.81% from CNY 14,204,815.08 year-on-year[21]. - The net cash flow from operating activities was CNY 115,928,590.19, which is a 112.02% increase compared to CNY 54,678,728.45 in the same period last year[21]. - Basic earnings per share doubled to CNY 0.16 from CNY 0.08 in the previous year[21]. - The company achieved a sales revenue of 1.036 billion RMB in the first half of 2014, representing a 6.80% increase compared to the same period last year[35]. - The net profit attributable to the parent company reached 38.48 million RMB, a significant increase of 105.82% year-on-year[35]. - The company’s financial expenses decreased by 76.75% to 3.59 million RMB due to reduced interest expenses and exchange losses[35]. - The company’s cash flow from operating activities increased by 112.02% to 115.93 million RMB, driven by higher sales revenue and lower raw material prices[35]. - The gross profit margin for the cookware segment was 38.50%, reflecting an increase of 3.63% year-on-year[38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,633,568,236.29, reflecting a 10.84% increase from CNY 2,375,943,559.68 at the end of the previous year[21]. - The total liabilities increased to CNY 967,296,775.42 from CNY 704,102,575.39, representing a rise of approximately 37.4%[123]. - The company's total current assets reached CNY 1,750,647,719.04, up from CNY 1,483,953,035.24, indicating an increase of about 18.0%[121]. - The company's short-term borrowings increased significantly to CNY 250,966,000.00 from CNY 153,000,000.00, marking an increase of about 63.9%[122]. - The total equity attributable to shareholders decreased slightly to CNY 1,617,455,050.63 from CNY 1,626,977,468.47, a decrease of approximately 0.2%[123]. Investments and Projects - The company applied for 205 patents in the first half of 2014, including 7 invention patents, 33 utility model patents, and 165 design patents[39]. - The project for adding 750 million oil-free frying pans has a cumulative investment of RMB 14,361.09 million, achieving 93.78% of the planned investment[54]. - The project for adding 500 million stainless steel and composite cookware has only reached 23.84% of its planned investment with RMB 3,400.83 million invested[54]. - The smart energy-saving kitchen series small appliances project has a cumulative investment of RMB 12,960.89 million, achieving 78.93% of the planned investment[54]. - The company plans to complete three fundraising projects, including the new non-stick cookware project, by December 2015[55]. Shareholder Information - The total number of shares is 240,000,000, with 7.34% (17,617,500 shares) being subject to restrictions and 92.66% (222,382,500 shares) being unrestricted[105]. - The largest shareholder, Aishida Group Co., Ltd., holds 39.38% of the shares, amounting to 94,500,000 shares[109]. - The second-largest shareholder, Chen Helin, holds 4.91% of the shares, equivalent to 11,790,000 shares[109]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[110]. - There are no preferred shares issued or any related transactions during the reporting period[113]. Risk Management - The company has implemented strict risk control measures for foreign exchange forward contracts to mitigate currency fluctuation risks[47]. - The company aims to maintain stable profit levels despite potential risks from currency fluctuations[47]. - The company emphasizes the importance of managing accounts receivable to avoid overdue situations and has purchased credit insurance for export payments to reduce risks[48]. Compliance and Governance - The financial report for the first half of 2014 was not audited, which may affect the reliability of the financial data presented[119]. - The company has committed to avoiding similar business operations that may compete with its own, ensuring no conflicts of interest arise[95]. - The company has strictly fulfilled its commitments regarding related party transactions to minimize conflicts with shareholders[96]. - There were no major litigation or arbitration matters reported during the period[74]. Future Outlook - The projected net profit for the first nine months of 2014 is expected to increase by 80% to 130%, ranging from CNY 4.3 million to CNY 5.4 million[65]. - The company plans to strengthen e-commerce and group purchasing sales channels to enhance revenue growth[65]. - The international marketing network construction project has been slowed down due to international economic conditions and currency fluctuations, with completion expected by December 2014[55].

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。 浙江爱仕达电器股份有限公司 2014 年第一季度报告正文 证券代码：002403 证券简称：爱仕达 公告编号：2014-026 浙江爱仕达电器股份有限公司 2014 年第一季度报告正文 1 浙江爱仕达电器股份有限公司 2014 年第一季度报告正文 2 公司负责人陈合林、主管会计工作负责人张建秋及会计机构负责人(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。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 501,552,526.84 | 506,772,476.93 | -1.03% | | 归属于上市公司股东的净利润（元） | 16,365,661.58 | 15,343,001.29 | 6.67% | | 归属于上市公司股东的扣除非经常性损 益的净 ...

Financial Performance - The company achieved a revenue of CNY 2.134 billion in 2013, representing a year-on-year growth of 10.17%[33]. - Net profit attributable to shareholders was CNY 42.88 million, an increase of 38.49% compared to the previous year[33]. - Total revenue for 2013 reached CNY 2,096,784,636.81, a year-on-year increase of 9.56% compared to CNY 1,913,800,189.12 in 2012[41]. - The gross profit margin for the company was 32.76%, which represents a decrease of 1.1% compared to the previous year[56]. - The company reported strong financial performance with robust cash flow, indicating a healthy financial status and good operational results[143]. Sales and Market Position - Domestic sales revenue reached CNY 1.181 billion, growing by 9.47%, while international sales revenue was CNY 916 million, up by 9.68%[33]. - The company successfully expanded its small home appliance business, achieving sales of CNY 211 million, a growth of 24.42%[33]. - The company has not yet entered the mainstream market for small household appliances, with low market share and production volume not reaching economic scale, facing significant market pressure due to intensified competition[16]. - The company has faced challenges in international sales, particularly for its own brand, leading to a cautious approach in expanding the international sales network[74]. - The market for high-end cookware in China is currently dominated by European brands, while Aishida and Supor lead the mid-range segment[86]. Investment and Expansion - The company invested in expanding its production capacity, including a new stainless steel cookware production line in Hubei[33]. - The company plans to increase its production capacity by 15 million units annually through new projects, enhancing its competitive edge in the market[63]. - The investment progress for the new non-stick cookware project is at 51.17%, with a cumulative investment of RMB 8,357.1 million[73]. - The smart energy-saving kitchen appliance project is expected to be completed by June 2014, with a total investment of CNY 16,412 million and an actual investment of CNY 4,877.05 million, achieving 76.71% of the planned progress[78]. - The company has temporarily used CNY 22,300 million of idle raised funds to supplement working capital, with CNY 3,700 million repaid by November 2013[76]. Employee Compensation and Costs - The total employee compensation increased from 222 million to 244 million, a growth of 9.91% in 2013, indicating rising labor costs pressure on future profitability and market competitiveness[14]. - Labor costs increased from CNY 222 million in 2012 to CNY 244 million in 2013, marking a growth of 9.91%[96]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 2,654,331.92, with an additional CNY 72,323.42 from the shareholder unit, totaling CNY 2,726,655.34[161]. Research and Development - R&D expenses for 2013 were CNY 78,102,290.77, representing 3.72% of total revenue, down from 4.13% in 2012[50]. - The company holds 1,607 patents, emphasizing its commitment to innovation and market competitiveness[50]. - The company holds a total of 1,607 patents, including 25 invention patents, showcasing its strong technological capabilities[63]. Governance and Compliance - The company has a strong governance structure with independent directors and a diverse board composition[153]. - The company has committed to reducing and regulating related party transactions to avoid conflicts of interest and ensure fair dealings[130]. - The company maintains complete independence from its controlling shareholder in business, personnel, assets, and financial matters[178]. - The audit opinion stated that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2013[199]. Future Outlook - In 2014, the company aims for a sales revenue of CNY 2,522.63 million, representing a year-on-year growth of 18.17%[94]. - The net profit target for 2014 is CNY 71.00 million, with a year-on-year increase of 43.52%[94]. - The company plans to focus on developing environmentally friendly and energy-saving new products to meet market demands[89]. - The company aims to create a world-class cookware brand and enhance human living quality, with a strategic goal of becoming a century-old national brand in the cookware industry[89].