Financial Performance - Operating revenue for the period was CNY 1,187,939,212.95, a decrease of 3.00% year-on-year[8] - Net profit attributable to shareholders decreased by 9.27% to CNY 53,510,671.16 for the period[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 8.64% to CNY 31,118,507.66[8] - Basic earnings per share decreased by 11.11% to CNY 0.32[8] - Weighted average return on equity was 3.67%, a decrease of 0.93% compared to the previous year[8] Assets and Liabilities - Total assets increased by 4.00% to CNY 2,975,401,610.43 compared to the end of the previous year[8] - Accounts receivable increased by ¥110.04 million, a growth of 102.46%, mainly due to increased sales and payment through notes[16] - Other receivables decreased by ¥42.79 million, a decline of 58.41%, primarily due to impairment provisions for unreceived energy-saving subsidies[16] - Other current assets decreased by ¥74.51 million, a decline of 61.52%, mainly due to the redemption of financial products[16] - Construction in progress increased by ¥78.19 million, a growth of 100%, due to new construction projects[16] - Deferred tax assets increased by ¥6.31 million, a growth of 36.51%, influenced by provisions for bad debts and inventory depreciation[16] - Short-term borrowings decreased by ¥100.07 million, a decline of 76.41%, primarily due to repayment of due bank loans[16] - Prepayments increased by ¥27.18 million, a growth of 65.88%, mainly due to increased advance payments during the peak sales season[16] - Employee compensation payable increased by ¥7.04 million, a growth of 29.82%, due to increased unpaid employee salaries[16] - Tax payable increased by ¥11.47 million, a growth of 48.04%, mainly due to increased corporate income tax payable[16] - Financial expenses decreased by ¥9.56 million, a decline of 82.05%, primarily due to increased foreign exchange gains and interest income[16] Shareholder Information - Net assets attributable to shareholders increased by 9.80% to CNY 1,483,452,781.85[8] - The total number of ordinary shareholders at the end of the reporting period was 16,493[12] - The largest shareholder, Zhongshan Shinuo Industrial Investment Co., Ltd., held 56.24% of the shares[12] Non-Recurring Items - Non-recurring gains and losses totaled CNY 16,464,342.11 for the year-to-date[9]

Financial Performance - The company achieved total revenue of CNY 2,485,723,203.32, representing a year-on-year increase of 13.89%[29] - Net profit attributable to shareholders reached CNY 116,941,844.41, up 19.17% compared to the same period last year[29] - The net profit after deducting non-recurring gains and losses was CNY 122,869,665.80, reflecting a growth of 37.24% year-on-year[29] - Domestic sales revenue was CNY 1,165,002,000, an increase of 8.48% year-on-year[29] - International sales revenue amounted to CNY 1,320,721,300, marking a 19.33% increase compared to the previous year[29] - The company's operating revenue for the industrial sector reached ¥2,485,723,203.32, representing a year-on-year increase of 13.99%[34] - The gross profit margin for the industrial sector was 24.11%, an increase of 2.68% compared to the previous year[34] - Domestic revenue amounted to ¥1,165,001,803.81, with a gross profit margin of 29.21%, reflecting an 8.48% increase year-on-year[34] - Overseas revenue was ¥1,320,721,399.51, with a gross profit margin of 19.62%, showing a 19.33% increase compared to the previous year[34] - Total operating revenue for the first half of 2014 reached CNY 2,485,723,203.32, an increase of 13.9% compared to CNY 2,182,518,092.08 in the same period last year[97] - Net profit for the first half of 2014 was CNY 116,941,844.41, representing a growth of 19.2% from CNY 98,127,665.49 in the previous year[99] - Earnings per share (EPS) increased to CNY 0.71, up from CNY 0.59 in the same period last year, reflecting a 20.3% increase[99] - Operating profit for the first half of 2014 was CNY 136,341,724.14, which is a 21.5% increase compared to CNY 112,096,241.20 in the previous year[99] Cash Flow and Assets - The net cash flow from operating activities surged to CNY 127,540,069.14, a significant increase of 449.70%[32] - Cash flow from operating activities generated a net amount of CNY 127,540,069.14, significantly higher than CNY 23,201,823.21 in the previous year[105] - Total cash inflow from operating activities reached ¥2,598,762,645.86, up from ¥1,537,647,174.38, indicating a growth of approximately 68.9%[107] - Cash and cash equivalents decreased to CNY 393,720,920.55 from CNY 475,222,301.56, representing a decline of approximately 17.2%[91] - Accounts receivable increased significantly to CNY 766,017,135.52 from CNY 587,037,906.62, marking an increase of about 30.5%[91] - Inventory decreased to CNY 512,453,705.87 from CNY 620,737,435.93, a reduction of approximately 17.4%[91] - Total assets amounted to CNY 2,913,482,899.84, up from CNY 2,846,781,608.61, indicating a growth of 2.3%[97] - The total assets of Guangdong Oma Electric Appliance Co., Ltd. at the end of the reporting period amounted to CNY 2,890,705,973.30, an increase from CNY 2,860,843,994.41 at the beginning of the period[92] - Current assets totaled CNY 2,202,549,897.13, slightly up from CNY 2,201,012,545.82 at the start of the period[92] Investments and Projects - The company has not made any external investments during the reporting period[37] - The total committed investment for the multi-door energy-saving refrigerator project is CNY 35,458.6 million, with 100% investment progress achieved by December 31, 2014[49] - The large-capacity air-cooled refrigerator and freezer project has a total investment of CNY 23,383.4 million, with 100% investment progress achieved by February 28, 2013[49] - The total committed investment for the projects is CNY 67,825.9 million, with cumulative investment of CNY 44,304.8 million[49] - The engineering technology research and development center project has not commenced, with 0% investment progress reported[49] - The domestic marketing network construction project has not commenced, with 0% investment progress reported[49] Shareholder Information - The company will not distribute cash dividends or issue bonus shares for this reporting period[7] - The total number of shares is 165,350,000, with 93,000,000 shares (56.24%) under limited sale conditions and 72,350,000 shares (43.76%) under unrestricted sale conditions[78] - The largest shareholder, Zhongshan Shinuo Industrial Investment Co., Ltd., holds 93,000,000 shares, representing 56.24% of the total shares[80] - The second largest shareholder, Dongsheng Investment Co., Ltd., holds 23,000,000 shares, accounting for 13.91% of the total shares[81] - The total number of common shareholders at the end of the reporting period is 13,622[80] - There were no changes in the controlling shareholder or actual controller during the reporting period[82] - The company did not engage in any repurchase transactions during the reporting period[81] - The company has not issued or listed any preferred shares during the reporting period[84] Risk Management and Compliance - The company has established a comprehensive risk control system for its derivative investments, ensuring compliance with legal regulations and internal management[43] - The company has made commitments to avoid engaging in competitive business activities that conflict with its main operations[72] Corporate Governance - The company has revised its articles of association to enhance its profit distribution policy and governance structure[64] - The cash dividend policy is in compliance with the company's articles of association and the requirements of the shareholders' meeting[59] Market Strategy - The company plans to explore new marketing strategies influenced by internet thinking, although e-commerce performance did not meet annual targets[29] - The company actively expanded its market and business operations during the reporting period, leading to an expected increase in various expenses[56] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[119] Accounting Policies - The financial statements are prepared in accordance with the Chinese Accounting Standards, reflecting the company's financial position accurately[133] - The company adopts a control-based approach for the consolidation of financial statements, including all subsidiaries in the consolidated financial statements[141] - The company recognizes financial assets at fair value upon acquisition, with transaction costs included in the current period's profit or loss[150] - The company uses a weighted average method for inventory valuation, with costs initially measured at historical cost and inventory issued at weighted average cost[175]

广东奥马电器股份有限公司 2014 年第一季度报告正文 1 广东奥马电器股份有限公司 2014 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。 公司负责人蔡拾贰、主管会计工作负责人潘昌汉及会计机构负责人(会计主 管人员)刘小波声明：保证季度报告中财务报表的真实、准确、完整。 2 广东奥马电器股份有限公司 2014 年第一季度报告正文 证券代码：002668 证券简称：奥马电器 公告编号：2014—015 广东奥马电器股份有限公司 2014 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） | 956,428,970.24 | 821,140,099 ...

Financial Performance - The company achieved total revenue of ¥4,257,197,257.80 in 2013, representing a year-on-year growth of 23.16%[29]. - Net profit attributable to shareholders was ¥195,703,234.94, an increase of 19.68% compared to the previous year[29]. - The net profit after deducting non-recurring gains and losses was ¥158,152,180.01, reflecting a growth of 3.72% year-on-year[29]. - The company’s cash flow from operating activities increased by 228.75%, reaching ¥195,652,197.03, primarily due to increased cash inflows from sales[36]. - The company's total revenue for the industrial sector was 4,255,404,109.51 yuan, with a gross margin of 22.65%[49]. - The company reported a significant increase in e-commerce sales, with a 207% year-on-year growth in sales of major home appliances through online channels in 2012[78]. - The company reported a total of 9,094,548.95 CNY in cash effects from exchange rate changes[173]. - The total sales revenue from goods and services was 4,261,521,187.01 CNY, an increase from 3,149,774,598.58 CNY in the previous year[172]. Dividend Distribution - The company plans to distribute a cash dividend of 2.3 RMB per 10 shares to all shareholders based on the total share capital as of December 31, 2013[6]. - The company plans to distribute a cash dividend of 2.3 yuan per 10 shares, totaling 38,030,500 yuan, which represents 19.43% of the net profit attributable to shareholders[82][83]. - The company reported a net profit of 195,703,234.94 yuan for 2013, with a cash dividend payout ratio of 100%[84]. - The company has not adjusted its cash dividend policy during the reporting period, adhering to its established profit distribution principles[81]. Risks and Challenges - The company faces significant risks in export business, particularly due to potential changes in trade policies and economic conditions in Europe, which is its largest export market[13]. - The company’s financial performance is subject to risks from exchange rate fluctuations, particularly as its export business is primarily quoted and settled in USD and EUR[14]. - The company reported that raw material prices remained relatively low in 2013, but a significant increase in 2014 could directly impact profitability[13]. - The company has established internal control systems for forward foreign exchange hedging to manage risks associated with derivative investments[66]. Research and Development - Research and development expenses rose by 34.70% to ¥161,364,682.13, with the company holding a total of 88 patents by the end of the reporting period[31]. - The company holds 88 authorized patents, including 5 invention patents, with a focus on energy-saving technologies that improve efficiency by over 15%[56]. - The company is committed to improving its technological research and development capabilities to achieve product upgrades and strategic transformation[78]. - The company has maintained a focus on energy-efficient product development, aligning with national energy-saving and environmental protection initiatives[85]. Market Position and Strategy - The company has established competitive advantages in the ODM field, particularly in manufacturing processes and order handling capabilities, despite facing intense market competition[13]. - The company aims to expand its production capacity for mid-to-high-end products and optimize its product structure to meet the growing market demand[78]. - The refrigerator industry is expected to see increased concentration, with weaker companies being forced out, providing expansion opportunities for stronger brands[75]. - Emerging brands are gaining market share in the domestic third and fourth-tier markets, driven by policies like "home appliances to the countryside," highlighting a demand for high cost-performance products[76]. - The company has established strategic partnerships with major e-commerce platforms, ranking second in refrigerator sales across nine major e-commerce platforms[59]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management, who bear legal responsibility for any misstatements[5]. - The company has committed to not engaging in competitive business activities that conflict with its main operations, ensuring no future competition from its subsidiaries[91]. - The company has a clear governance structure with a board of directors, supervisory board, and various committees to ensure effective oversight and decision-making[141]. - The independent directors bring diverse expertise, including legal and financial backgrounds, enhancing corporate governance[108]. Shareholder Information - The company’s stock is listed on the Shenzhen Stock Exchange under the code 002668[17]. - The total number of shareholders at the end of the reporting period was 13,494, which increased to 14,421 five trading days before the report disclosure[101]. - The largest shareholder, Zhongshan Shinuo Industrial Investment Co., Ltd., holds 56.24% of the shares, totaling 93,000,000 shares[101]. - Dongsheng Investment Co., Ltd. holds 13.91% of the shares, with a decrease of 8,000,000 shares during the reporting period[101]. Financial Position - The company’s total assets increased by 23.17% to ¥2,860,843,994.41 by the end of 2013[29]. - The company's total liabilities increased to CNY 1,509,813,228.13 from CNY 1,150,769,652.14, reflecting a rise of about 31.2%[159]. - Current assets totaled CNY 2,201,012,545.82, up from CNY 1,742,168,729.72, indicating an increase of approximately 26.3%[158]. - The company's equity attributable to shareholders reached CNY 1,351,030,766.28, up from CNY 1,171,862,531.34, reflecting a growth of about 15.3%[160]. Management and Personnel - The company employed 4,617 staff members as of December 31, 2013, with no retired employees requiring financial support[118]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to approximately CNY 7.57 million[113]. - The company’s management team includes individuals with extensive experience in various roles, including finance and operations, contributing to strategic decision-making[108]. - The company has maintained a stable management structure with no new appointments or departures reported in the current period[107].