Financial Performance - The company's operating revenue for Q3 2021 was ¥2,891,100,614.44, representing an increase of 18.37% year-over-year[4] - The net profit attributable to shareholders for the same period was ¥153,875,754.55, up 14.46% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses reached ¥143,220,464.76, reflecting a 12.06% increase year-over-year[4] - The basic earnings per share for Q3 2021 was ¥0.140, an increase of 14.47% year-over-year[4] - The weighted average return on net assets was 6.62%, up 133.73% compared to the same period last year[4] - The total operating revenue for the period reached ¥7,697,525,863.84, an increase of approximately 28% compared to ¥6,029,687,847.18 in the previous period[25] - The net profit attributable to the parent company was ¥231,991,858.40, compared to ¥189,112,994.24 in the previous period, representing an increase of approximately 23%[28] - The company reported a total comprehensive income of ¥685,287,866.48, compared to ¥574,181,828.87 in the previous period, an increase of approximately 19%[28] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥10,433,612,879.20, which is a 13.24% increase from the end of the previous year[4] - The company's total assets reached approximately 10.434 billion CNY, an increase from 9.213 billion CNY in the previous year, reflecting a growth of about 13.2%[16] - The company's current assets totaled approximately 8.645 billion CNY, up from 7.419 billion CNY, indicating a year-over-year increase of about 16.5%[19] - The company reported a total liability of approximately 8.644 billion CNY, with short-term borrowings rising to approximately 818.72 million CNY from 668 million CNY, an increase of about 22.5%[19] - The total liabilities increased to ¥6,633,476,791.39 from ¥5,901,675,838.05, marking a rise of about 12%[25] - Total liabilities included short-term borrowings of CNY 668,004,270.00 and accounts payable of CNY 1,260,117,328.20[38] - Total equity was approximately ¥3.31 billion, with a significant portion attributed to minority interests of approximately ¥1.13 billion[41] - The retained earnings showed a deficit of approximately ¥824.79 million, highlighting potential challenges in profitability[41] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥92,860,220.89, indicating a decline of 110.06% year-over-year[4] - Operating cash inflow totaled CNY 8,621,720,493.67, an increase of 31.1% compared to CNY 6,557,403,496.80 in the previous period[31] - Net cash outflow from operating activities was CNY -92,860,220.89, a significant decrease from CNY 923,010,043.51 in the previous period[31] - Cash inflow from investment activities was CNY 854,150,992.61, up from CNY 438,474,451.57 in the previous period[31] - Cash inflow from financing activities totaled CNY 885,350,298.31, compared to CNY 1,049,887,640.00 in the previous period[34] - The ending balance of cash and cash equivalents was CNY 2,088,036,195.26, down from CNY 754,922,253.42 in the previous period[34] Business Strategy and Risks - The company has decided to terminate its financial technology business due to adverse macroeconomic conditions and will focus on its core refrigerator manufacturing business[14] - The company has identified potential risks related to previous accounting errors and non-compliance issues that may impact its financial performance[4] - The company has identified a potential violation regarding a 145 million CNY pledge of a time deposit by its wholly-owned subsidiary, which may lead to significant adverse effects on its asset status and operating performance[15] - The company is establishing a working group to manage the termination and disposal of its financial technology business assets, which may lead to further losses and impact its financial performance[14] - The company plans to issue 325,233,427 A-shares at a price of 3.86 CNY per share, raising approximately 1.255 billion CNY for the construction of a cross-border e-commerce intelligent marketing cloud platform and to repay bank loans[12] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27] Compliance and Audit - The company has not undergone an audit for the third quarter report, which may affect investor confidence[44] - The report does not apply to the retrospective adjustment of the new leasing standards, indicating compliance with current regulations[41] - The company is committed to timely information disclosure regarding the progress of its non-public offering and the termination of its financial technology business[14]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 4,806,425,249.40, representing a 33.99% increase compared to CNY 3,587,158,549.06 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was CNY 78,116,103.85, up 42.86% from CNY 54,680,534.86 in the previous year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 48,846,943.88, a slight increase of 1.25% from CNY 48,242,164.16[27]. - The basic and diluted earnings per share both increased to CNY 0.07, a 40.00% rise from CNY 0.05[27]. - The weighted average return on net assets rose to 3.53%, up from 2.12% in the previous year[27]. - The company's operating revenue for the current period reached ¥4,806,425,249.40, representing a year-on-year increase of 33.99% compared to ¥3,587,158,549.06 in the same period last year[41]. - The net profit attributable to shareholders was CNY 78.12 million, up 42.86% compared to the same period last year[37]. - The company reported a net profit of CNY 446.14 million from its subsidiary, Guangdong Oma Icebox Co., Ltd., which is a significant contributor to its overall profitability[62]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,711,891,318.98, reflecting a 5.41% increase from CNY 9,213,480,693.30 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were CNY 2,239,561,469.73, a 2.62% increase from CNY 2,182,408,396.27[27]. - The company's total assets amounted to approximately CNY 9.71 billion, an increase from CNY 9.21 billion at the end of 2020, reflecting a growth of about 5.4%[174]. - The company's current liabilities, including short-term borrowings, increased to approximately CNY 847.38 million from CNY 668.00 million, reflecting a rise of about 27%[177]. - The total liabilities increased to ¥6,271,788,297.82, up from ¥5,901,675,838.05, representing a growth of approximately 6.3%[180]. Cash Flow - The net cash flow from operating activities was negative at CNY -546,282,272.62, a significant decrease compared to CNY 11,050,657.12 in the same period last year, representing a decline of 5,043.44%[27]. - The company reported a total cash and cash equivalents decrease of ¥681,840,583.92, a 3,669.05% increase in outflow compared to the previous year[44]. - The company's cash and cash equivalents decreased to approximately CNY 3.68 billion from CNY 4.12 billion, representing a decline of about 10.6%[174]. Operational Highlights - The company’s refrigerator shipment volume reached 5.68 million units, a year-on-year increase of 14.90%, with exports accounting for 5.18 million units, up 15.80%[37]. - The average retail price of domestic refrigerators increased by 13.7% due to rising raw material costs, with retail sales volume growing by 5.9%[37]. - The company has maintained its position as the largest refrigerator ODM manufacturer in China, with a production capacity of 13 million units annually[40]. Financial Technology Segment - The financial technology segment reported zero revenue, a decline of 100.00%, with a net loss of CNY 149.42 million, down 13.55% year-on-year[37]. - The company plans to terminate all financial technology operations to focus on its core refrigerator manufacturing business[37]. - The financial technology segment's net cash flow from operating activities was -931.75 million CNY, primarily due to an increase in factoring receivables[130]. - The company has decided to terminate its financial technology business segment and dispose of related assets due to significant changes in the macroeconomic environment and increasing competition, aiming to focus on its core refrigerator manufacturing business[127]. Risk Management - The management highlighted potential risks and countermeasures in the report, urging investors to pay attention to investment risks[7]. - The company faces significant market risks, including potential impacts from changes in trade policies and economic conditions affecting its export business, which is a substantial part of its revenue[63]. - The company is exposed to risks from fluctuations in raw material prices, which significantly impact production costs, particularly for compressors, steel, and plastics[63]. - The company is facing risks from exchange rate fluctuations, particularly with its export business primarily quoted and settled in USD and EUR[66]. - The company is actively monitoring interest rates and managing its debt structure to mitigate interest rate risks[66]. Environmental Compliance - The company has achieved compliance with environmental discharge standards for various pollutants, including a chemical oxygen demand of 55 mg/L[83]. - The company has established a wastewater treatment station that meets the Guangdong Province's discharge standards for electroplating wastewater[88]. - There were no administrative penalties due to environmental issues during the reporting period[92]. - The company has developed an emergency response plan for environmental incidents and conducts regular drills[90]. Shareholder Information - The company plans to issue 325,233,427 A-shares at a price of 3.86 CNY per share, raising a total of 1.255 billion CNY, which will be used for building a cross-border e-commerce intelligent marketing cloud platform, repaying bank loans, and supplementing working capital[126]. - During the reporting period, shareholder Zhao Guodong reduced his holdings by 13,923,000 shares due to judicial auction, completing the transfer on April 22, 2021[142]. - The total number of shareholders holding more than 5% of the shares is 54,393, with a total of 10 major shareholders reported[148].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[18]. - The company's operating revenue for 2020 was ¥8,345,133,628.27, representing a 12.89% increase from ¥7,392,507,540.78 in 2019[6]. - The net profit attributable to shareholders for 2020 was -¥539,737,154.04, a significant decline of 1,112.86% compared to ¥53,288,549.27 in 2019[6]. - The net cash flow from operating activities increased by 100.43% to ¥2,377,691,833.40 from ¥1,186,286,220.04 in the previous year[6]. - The basic and diluted earnings per share for 2020 were both -¥0.50, a decrease of 1,100.00% from ¥0.05 in 2019[6]. - The total assets at the end of 2020 were ¥9,213,480,693.30, reflecting a 5.00% increase from ¥8,775,065,376.57 at the end of 2019[6]. - The net assets attributable to shareholders decreased by 14.53% to ¥2,182,408,396.27 from ¥2,553,288,016.46 at the end of 2019[6]. - The company anticipates a revenue growth of 10% to 15% for the upcoming fiscal year, driven by new product lines and market expansion[18]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[18]. - New product launches are expected to contribute an additional RMB 300 million in revenue in 2021, focusing on smart home appliances[18]. - The company aims to enhance its market share in mid-to-high-end products and optimize product structure, focusing on sustainable growth[94]. - The company plans to accelerate its digital transformation across various business modules, including R&D, production, and management[94]. Research and Development - The company has invested RMB 50 million in R&D for new technologies, aiming to enhance product efficiency and sustainability[18]. - Research and development expenses increased by 20.83% to CNY 303,555,032.77, representing 3.64% of operating revenue[69]. - The number of R&D personnel decreased by 5.68% to 648, while the proportion of R&D personnel in total staff was 6.46%[69]. - The company held 400 authorized patents as of December 31, 2020, including 29 invention patents[46]. Shareholder and Dividend Information - No cash dividends will be distributed to shareholders for the year 2020, as the company aims to reinvest profits into growth initiatives[6]. - The company has not distributed any cash dividends over the past three years, with the total available profit for distribution remaining negative at -824,794,929.60 RMB by the end of 2020[105]. - The cash dividend policy is compliant with the company's articles of association and shareholder resolutions, ensuring that minority shareholders can express their opinions[103]. - The company plans not to distribute cash dividends, issue bonus shares, or increase capital reserves for the current year[109]. Operational Efficiency and Cost Management - The company reported a significant reduction in sales expenses by 25.40% to CNY 349,228,660.47[68]. - Operating cash inflows totaled CNY 9.48 billion, an increase of 6.86% compared to CNY 8.87 billion in 2019[73]. - Cash and cash equivalents increased by CNY 1.13 billion, representing a growth of 106.51% compared to CNY 549.62 million in 2019[73]. - The company's operating costs in the home appliance sector amounted to CNY 6,395,855,601.59, accounting for 98.94% of total operating costs, with a year-on-year increase of 18.44%[58]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with specific emissions of organic waste gases, including benzene and formaldehyde, adhering to the required discharge standards[160]. - The company has established a wastewater treatment station that meets the Guangdong Province's discharge standards, with a chemical oxygen demand (COD) of 48 mg/L and total nitrogen of 2.33 mg/L after treatment[167]. - The company’s air pollution control system has achieved compliance with the emission limits, with sulfur dioxide emissions recorded at 0.0021 tons and nitrogen oxides at 0.0306 tons[167]. - The company has implemented an environmental emergency response plan, which has been filed with local environmental protection authorities and includes regular emergency drills[166]. Corporate Governance and Compliance - The company is committed to improving its governance structure and internal controls to enhance operational efficiency[94]. - The independent directors have fulfilled their responsibilities in the profit distribution policy formulation process[103]. - The company has committed to maintaining its independence and compliance with regulations, ensuring transparency in its operations[113]. - The current auditor, Zhongqin Wanxin Accounting Firm, has been engaged for three consecutive years, with an audit fee of RMB 1.802 million[127]. Subsidiary and Asset Management - The company disposed of its subsidiary "Ningxia Wallet Jinfu Microfinance Co., Ltd." during the reporting period[63]. - The company reported a transfer of 49% equity in its wholly-owned subsidiary, Guangdong Aoma Refrigerator Co., Ltd., for a consideration of CNY 1,127 million, maintaining a 51% controlling stake post-transaction[171]. - The company plans to transfer 74.9185% equity of Ningxia Wallet Jinfu Microfinance Co., Ltd. to Shenzhen Dapai Financial Technology Co., Ltd. for a price of 9.5 million yuan, after which it will no longer hold any equity in Ningxia Wallet Jinfu[176]. - The company has decided to terminate its financial technology business segment and dispose of related assets due to significant changes in the macroeconomic environment and financial policies, aiming to focus on its core refrigerator manufacturing business[177].

广东奥马电器股份有限公司 2021 年第一季度报告全文 广东奥马电器股份有限公司 2021 年第一季度报告 2021 年 04 月 1 广东奥马电器股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人赵国栋、主管会计工作负责人吕文静及会计机构负责人(会计主 管人员)吕文静声明：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 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | □ 是 √ 否 | 本报告期 ...

Financial Performance - Operating revenue for the period was CNY 2,442,529,298.12, representing a year-on-year increase of 41.05%[9] - Net profit attributable to shareholders was CNY 134,432,459.38, a significant increase of 9,569.96% year-on-year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 127,803,573.18, up 1,895.54% year-on-year[9] - Basic earnings per share were CNY 0.1240, reflecting a year-on-year increase of 9,438.46%[9] - The company reported a net profit of ¥824,871,974.81 for the current period, a significant recovery from a net loss of ¥130,984,386.34 in the previous period, marking a turnaround of over 800%[83] - The total comprehensive income for the current period was ¥337,341,498.12, compared to ¥1,390,206.40 in the previous period, indicating a strong performance[65] Assets and Liabilities - Total assets increased by 8.12% to CNY 9,487,376,926.62 compared to the end of the previous year[9] - Total liabilities decreased to CNY 5,436,656,303.82 from CNY 6,218,458,968.54, indicating a reduction of about 12.59%[49] - The company's total assets reached CNY 9,487,376,926.62, compared to CNY 8,775,065,376.57 in the previous year, reflecting a growth of approximately 8.09%[49] - The total non-current assets decreased to CNY 2,467,605,154.39 from CNY 2,565,324,505.89, indicating a decline of approximately 3.82%[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 96,646[13] - The top ten shareholders held a combined 34.06% of the company's shares, with the largest shareholder holding 12.44%[13] Cash Flow - The net cash flow from operating activities was CNY 911,959,386.39, a decrease of 0.73% compared to the previous year[9] - The net cash flow from operating activities was RMB 923.01 million, up 15.03% from RMB 802.44 million[21] - Cash flow from operating activities was ¥923,010,043.51, up from ¥802,435,373.11, representing a growth of approximately 15%[89] - Cash inflow from operating activities totaled $256.63 million, a decline from $1.01 billion in the previous period, highlighting challenges in revenue generation[95] Investment Activities - The company reported a net loss from investment activities of RMB 296.65 million, a decrease of 132.32% compared to a net gain of RMB 917.84 million in the previous year[21] - The company reported an investment income of ¥42,595,352.68, a recovery from a loss of ¥24,272,777.44 in the previous period[59] - The company achieved an investment income of ¥518,437,184.14, a substantial increase from ¥27,365,024.19 in the previous period[83] Expenses - Total operating costs amounted to ¥2,203,086,104.30, up from ¥1,699,409,246.04, reflecting a rise of 29.6%[59] - Research and development expenses increased to ¥87,667,452.29 from ¥53,689,634.18, representing a growth of 63.2%[59] - Management expenses increased to ¥7,003,585.66 from ¥4,195,017.49, reflecting a rise of approximately 67.5% year-over-year[83] Other Financial Metrics - The weighted average return on net assets was 4.95%, down 4.83% compared to the same period last year[9] - The company experienced a significant increase in credit impairment losses, totaling RMB 19.67 million, a 349.78% rise from a loss of RMB 7.87 million[21] - The company has reported a net loss from credit impairment of approximately ¥19.67 million, compared to a gain of ¥7.87 million in the previous period[76] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[62]

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,316,920,349.07, a decrease of 21.80% compared to ¥1,683,939,693.10 in the same period last year[9] - Net profit attributable to shareholders was ¥6,406,654.21, down 92.98% from ¥91,294,470.39 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥2,132,745.17, a decline of 97.30% compared to ¥79,097,513.39 in the previous year[9] - The basic earnings per share were ¥0.0059, down 92.63% from ¥0.08 in the same period last year[9] - The weighted average return on net assets was 0.25%, a decrease of 3.55% from 3.80% year-on-year[9] - The company reported a net loss of ¥-278,781,121.35, an improvement from ¥-285,187,775.56 in the previous period[51] - Net profit for the current period is ¥46,146,529.59, compared to ¥91,135,030.12 in the previous period, indicating a decline of approximately 49.3%[65] - The company reported a significant reduction in interest expenses, which fell from ¥96,459,237.60 to ¥50,082,261.33, a decrease of about 48.0%[61] - The total comprehensive income for the current period was 693,945,245.98, compared to -33,543,940.67 in the previous period[71] Cash Flow - The net cash flow from operating activities improved to -¥353,081,887.88, a 40.78% increase from -¥596,251,689.62 in the same period last year[9] - The cash flow from operating activities showed a net outflow of -353,081,887.88, improving from -596,251,689.62 in the previous period[72] - Cash inflow from investment activities amounted to 73,900,000.00 CNY, with no cash outflow recorded, resulting in a net cash flow of 73,900,000.00 CNY from investments[82] - The net cash flow from financing activities was 105,203,045.89 CNY, a recovery from a negative cash flow of -149,736,250.76 CNY in the previous period[82] - The company's cash and cash equivalents decreased to ¥2,073,543,971.87 from ¥2,660,369,055.44, representing a decline of 22.03%[42] - The ending cash and cash equivalents balance was 1,341,152,331.79, a decrease from 372,209,012.89 in the previous period[78] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,295,910,915.09, reflecting a 5.94% increase from ¥8,775,065,376.57 at the end of the previous year[9] - Total liabilities decreased to ¥5,565,442,673.74 from ¥6,218,458,968.54, a decline of 10.52%[48] - Current liabilities decreased to ¥4,631,959,727.36 from ¥4,905,722,953.36, a reduction of 5.57%[48] - Long-term borrowings decreased significantly to ¥916,288,750.95 from ¥1,297,725,456.98, a decrease of 29.43%[48] - The total assets increased from ¥5,055,313,826.49 to ¥5,303,756,226.52, an increase of approximately 4.9%[58] - The total equity attributable to shareholders increased to ¥2,804,216,435.10 from ¥2,553,288,016.46, a growth of 9.81%[51] Investments and Receivables - Accounts receivable increased by 43.75% to ¥28,941,072.71 due to an increase in notes from the refrigerator segment[25] - Other receivables surged by 439.86% to ¥1,596,242,483.60 primarily from the disposal of 49% equity in Oma Refrigerator[25] - Long-term equity investments rose by 215.55% to ¥14,639,325.39 due to new external investments[25] - Prepayments rose by 168.30% to ¥130,328,224.75, mainly from increased advances in the refrigerator segment[25] - The company transferred 49% equity of Oma Refrigerator for ¥1,127,000,000 to alleviate liquidity pressure and enhance operational efficiency[26] Expenses - Sales expenses decreased by 32.16% to ¥77,051,884.60, mainly due to reduced promotional expenses impacted by the pandemic[25] - R&D expenses fell by 51.82% to ¥40,555,262.20, reflecting a decrease in investment due to the pandemic[25] - The company incurred financial expenses of 29,738,367.96, down from 35,518,651.07 in the previous period[68] Miscellaneous - The company received government subsidies amounting to ¥11,591,700.67 during the reporting period[9] - The total number of ordinary shareholders at the end of the reporting period was 97,981[13] - The first quarter report has not been audited[92] - The report was presented by Chairman Zhao Guodong on April 28, 2020[93]

Corporate Governance and Structure - The company’s legal representative is Zhao Guodong, who is also the actual controller and major shareholder[9]. - The company has established a governance structure to enhance internal management and compliance with legal standards[80]. - The company operates independently from its controlling shareholder, maintaining separate business, personnel, assets, institutions, and financial operations[189]. - The board of directors consists of 5 members, including 3 independent directors, and held 12 meetings during the reporting period[190]. - The supervisory board has 3 members, including 1 employee representative, and convened 7 meetings in compliance with legal regulations[191]. - All senior management personnel are exclusively employed by the company, with no additional roles in the controlling shareholder's enterprises[197]. - The company has clear ownership of its assets, with no control or occupation by the actual controller or related parties[198]. - The company has established independent financial management, including a separate accounting system and independent bank accounts[200]. - The company has established a complete and independent business system, with no reliance on the controlling shareholder for any operational activities[196]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[97]. Financial Performance - The company achieved operating revenue of CNY 7,392,507,540.78 in 2019, a decrease of 5.26% compared to the previous year[6]. - The net profit attributable to shareholders was CNY 53,288,549.27, representing a significant increase of 102.80% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was CNY 17,367,899.42, up 100.95% from the previous year[6]. - The net cash flow from operating activities reached CNY 1,186,286,220.04, a remarkable increase of 1,051.29% compared to the previous year[6]. - The total assets at the end of 2019 were CNY 8,775,065,376.57, a decrease of 8.12% from the previous year[6]. - The net assets attributable to shareholders increased by 8.76% to CNY 2,553,288,016.46 at the end of 2019[6]. - The company reported a total of CNY 200 million in financial assets related to wealth management products, which are also pledged as collateral[60]. - The company reported a net profit compensation amount of CNY 784 million due to the underperformance of its subsidiary, with a net impairment provision of CNY 82.97 million for the year[60]. - The company reported a total penalty interest of 4,256,469.91 CNY related to disputes with Shandong International Trust, impacting the current period's performance by 4,024,272.03 CNY[105]. Revenue and Sales - The company sold 9,540,900 units of refrigerators during the reporting period, with revenue from refrigerator sales amounting to CNY 7,180,820,600, a year-on-year growth of 4.99%[33]. - The net profit from refrigerator sales was CNY 56,196,560, reflecting a growth of 59.21% year-on-year[33]. - The home appliance sector accounted for 96.95% of total revenue, with revenue of 7,166.93 million yuan, reflecting a growth of 5.15% year-on-year[38]. - The company reported a total sales volume of 954.09 thousand units in the home appliance sector, an increase of 6.84% year-on-year[42]. - Domestic revenue decreased by 36.96% to 1,634.24 million yuan, while international revenue increased by 10.51% to 5,758.27 million yuan[38]. Research and Development - The company has established a robust cost control system, optimizing operations across multiple stages from order receipt to production[30]. - Research and development expenses were ¥251,225,097.31, down 25.44% from the previous year, accounting for 3.40% of operating revenue[49]. - The company did not capitalize any research and development expenses this year, fully expensing all R&D costs[50]. - The company aims to enhance its market share in mid-to-high-end products, transitioning to sustainable growth alongside scale[77]. - The company is focused on optimizing its product structure to adapt to industry trends and enhance its competitive edge in the refrigerator market[77]. Shareholder and Dividend Policy - The company reported a plan not to distribute cash dividends or issue bonus shares for the year[5]. - The company maintains a cash dividend policy that aligns with its profit distribution strategy, ensuring transparency and protection of minority shareholders' rights[87]. - The company has a complete decision-making process for cash dividends, ensuring transparency and compliance[88]. - Independent directors have fulfilled their responsibilities in the decision-making process regarding cash dividends[88]. - The company has not proposed any cash dividend distribution plan despite having positive profits available for distribution in 2019[92]. Legal and Compliance - The company is involved in a lawsuit with China Everbright Bank, with a disputed amount of CNY 10,098,940, and has executed CNY 66,879,531.81 of the judgment amount[104]. - There were no significant accounting errors requiring retrospective restatement during the reporting period[99]. - The company has no significant changes in accounting policies or estimates compared to the previous year[98]. - The company has not reported any major litigation or arbitration involving its controlling shareholder[107]. - The company has no plans for significant mergers or acquisitions reported in the current period[97]. Social Responsibility and Environmental Management - The company has actively fulfilled its social responsibilities, focusing on multi-party win-win and shared benefits[125]. - The company has implemented environmental management practices and has not faced any administrative penalties from environmental authorities[129]. - The company has built wastewater and exhaust gas treatment systems that meet local pollution discharge standards[133]. - The company has developed an emergency response plan for environmental incidents and conducts regular drills[134]. Management and Human Resources - The company has undergone significant changes in its board and management structure, reflecting a potential shift in strategic focus[168]. - The company’s current management team is expected to drive future growth and operational efficiency through their diverse backgrounds and expertise[169]. - The total remuneration for the board of directors and senior management during the reporting period amounted to CNY 652.56 million[181]. - The company employed a total of 8,830 staff, with 7,189 in production, 517 in sales, and 786 in technical roles[181]. - The company has established a performance management system that links employee performance to remuneration, focusing on efficiency and fairness[182].

Financial Performance - Operating revenue for the reporting period was approximately ¥1.73 billion, down 22.87% year-on-year[9]. - Net profit attributable to shareholders of the listed company was approximately ¥1.39 million, a decrease of 74.34% compared to the same period last year[9]. - Basic earnings per share decreased by 74.00% to ¥0.0013[9]. - The weighted average return on net assets was 0.06%, down 60.53% year-on-year[9]. - The total operating revenue for the current period was CNY 5,783,007,311.16, compared to CNY 6,104,089,275.57 in the previous period, reflecting a decline[79]. - The net profit for the current period was CNY 298,857,032.17, an increase from CNY 266,871,682.39 in the previous period[82]. - The total comprehensive income attributable to the parent company's owners was CNY 1,390,206.40, a decrease from CNY 5,418,351.93 in the previous period[74]. - The company reported a profit margin of approximately 5.17% for the current period, up from 4.99% in the previous period[82]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥9.34 billion, a decrease of 2.21% compared to the end of the previous year[9]. - The total liabilities decreased to ¥6,683,705,795.20 from ¥7,193,472,801.04 compared to the previous year[56]. - The total equity attributable to shareholders increased to RMB 2,646,502,568.12 from RMB 2,347,530,764.83 year-over-year[57]. - The company's inventory decreased to RMB 578,427,138.02 from RMB 788,538,143.26 year-over-year[48]. - Total liabilities were CNY 7,193,472,801.04, compared to CNY 7,050,830,738.52, showing a change of CNY -142,642,062.52[110]. - Current liabilities reached approximately $3.90 billion, including short-term borrowings of about $1.15 billion[120]. Cash Flow - The net cash flow from operating activities increased by 264.19% to approximately ¥918.69 million[9]. - The company reported a significant increase in cash flow from operations, indicating improved liquidity[9]. - Cash flow from operating activities reached 6,040,723,029.57, an increase from 5,490,212,628.51, representing a growth of about 10%[93]. - Investment activities generated a net cash flow of CNY 917,836,464.89, compared to CNY 520,189,796.92 in the prior period, marking an increase of about 76.3%[96]. - The ending balance of cash and cash equivalents reached CNY 1,582,693,379.56, up from CNY 1,161,072,573.76, indicating a strong liquidity position[99]. Expenses - Financial expenses increased by 372.76%, amounting to RMB 139,191,951.51, primarily due to increased borrowings[25]. - Tax expenses increased by 156.17%, reaching RMB 99,616,996.93, mainly due to a significant increase in revenue from refrigerator manufacturing and sales[19]. - Sales expenses decreased by 30.90%, totaling RMB 374,268,436.03, primarily due to a decline in the financial technology business[25]. - Management expenses decreased by 30.94%, amounting to RMB 304,260,515.03, mainly due to a reduction in personnel in the financial technology business[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 102,757[13]. - Net profit attributable to the parent company was 298,971,803.29, an increase from 271,976,861.44, representing a growth of approximately 9.9%[86]. - Basic and diluted earnings per share were both 0.28, up from 0.25, reflecting a growth of 12%[86]. Future Outlook and Developments - Future outlook remains optimistic, with plans for market expansion and potential acquisitions mentioned[122]. - New product development and technological advancements are ongoing, although specific details were not provided[122]. - The company is adapting to new financial and leasing standards, which may impact future financial reporting[125].

Market Dependence and Risks - The company reported a significant reliance on the European market for its refrigerator exports, which poses risks due to potential changes in trade policies or economic conditions[6]. - The company faces risks from fluctuations in raw material prices, particularly for compressors, steel, and plastics, which constitute a high proportion of product costs[9]. - The export tax rebate rate for the company's products was 16% during the reporting period, and any future reduction or cancellation of this policy could adversely affect export performance[9]. - Liquidity risk is a concern, as the company must ensure it can meet short-term and long-term funding needs to avoid operational disruptions[16]. Financial Performance - The company reported a revenue of RMB 1.5 billion for the fiscal year 2018, representing a year-on-year growth of 15%[27]. - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the previous year[27]. - The company's operating revenue for 2018 was CNY 7,802,880,743.80, representing a 12.04% increase compared to 2017[39]. - The net profit attributable to shareholders for 2018 was a loss of CNY 1,902,545,615.66, a decrease of 598.71% from the previous year[39]. - The company reported a diluted earnings per share of CNY -1.76 for 2018, a decrease of 388.52% from the previous year[39]. - The weighted average return on net assets was -54.99% for 2018, a decline of 66.65% compared to 2017[39]. Strategic Initiatives and Growth Plans - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by 2020[27]. - New product launches are expected to contribute an additional RMB 300 million in revenue in 2019[27]. - The company is investing RMB 100 million in R&D for new technologies in smart appliances[27]. - A strategic acquisition of a local competitor is anticipated to enhance the company's distribution network and increase sales by 15%[27]. - The company has set a performance guidance of RMB 1.8 billion in revenue for 2019, reflecting a growth target of 20%[27]. Operational Efficiency - The gross margin improved to 30%, up from 28% in the previous year, due to cost optimization strategies[27]. - The company aims to enhance its online sales channel, projecting a 50% increase in e-commerce sales by the end of 2019[27]. - The refrigerator segment achieved sales of 8.93 million units, generating revenue of CNY 683,923.14 million, with a net profit of CNY 35,296.29 million, up 9.58% year-on-year[52]. Financial Technology and Investments - The financial technology segment faced significant revenue decline, leading to a provision for bad debts of CNY 112,149.62 million and goodwill impairment of CNY 54,785.14 million[53]. - The company plans to focus on three major areas: financial and industrial equity investment, including investments in Changzhi Bank and Guangxi Guang Investment Asset Management Co., Ltd.[53]. - The company has deployed over 340,000 smart POS machines, providing various payment services to a large merchant user base[60]. - The company has developed a computer cloud platform and is expanding its customer base through partnerships with multiple financial institutions[68]. Cash Flow and Financial Health - The net cash flow from operating activities for 2018 was a negative CNY 124,702,969.61, improving by 85.04% compared to 2017[39]. - The total assets at the end of 2018 were CNY 9,550,593,162.81, down 8.29% from the end of 2017[39]. - The company has a restricted cash balance of CNY 1,632,511,267.25 due to margin deposits and frozen funds[101]. - The company reported an investment loss of ¥120,115,147.56, accounting for 7.00% of total profit[93]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares, indicating a focus on reinvestment[17]. - The company has commitments related to performance guarantees, including a minimum net profit of CNY 3,000,000 for 2016 and CNY 6,000,000 for 2017[137]. - The company has not fulfilled its performance commitments for 2018, and will pursue compensation as per agreements[137]. - The company’s independent directors have actively participated in the formulation of the profit distribution policy, ensuring compliance with regulations[131]. Related Party Transactions - The company engaged in significant related party transactions, including RMB 1,677.16 million for call center outsourcing services, accounting for 27.67% of similar transactions[196]. - The company provided technology and product services to related parties, with transaction amounts of RMB 284.32 million and RMB 450.92 million, representing 35.50% and 56.30% of similar transactions respectively[196]. - The rental income from intelligent POS machines amounted to 10,661.4 million, representing 99.06% of the total related party transactions[199].

广东奥马电器股份有限公司 2019 年第一季度报告全文 1 广东奥马电器股份有限公司 Homa奥马 2019 年第一季度报告 2019 年 04 月 广东奥马电器股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人赵国栋、主管会计工作负责人赵国栋及会计机构负责人(会计主 管人员)赵国栋声明：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 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------|---------------------------| | □ 是 √ 否 ...