证券代码：002705 证券简称：新宝股份 第 1 页 共 6 页 证券代码：002705 证券简称：新宝股份 广东新宝电器股份有限公司投资者关系活动记录表 编号：2022-002 | --- | --- | --- | |-------------------------|------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | □特定对象调研 □分析师会议 | | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | 类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | █其他 投资机构线上交流 | | | | | 国泰君安证券、广发证券、招商证券、中 ...

广东新宝电器股份有限公司 证券代码：002705 证券简称：新宝股份 编号：2022-005 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动 □新闻发布会 □路演活动 类别 □现场参观 █其他 广东证监局和广东上市公司协会举办的广东上市公司 投资者网上集体接待日活动 参与单位名称及 人员姓名 广东上市公司投资者网上集体接待日交流活动参与者 时间 2022 年 9 月 22 日（星期四）下午 15:50 至 16:50 地点 全景网投资者关系互动平台 公司接待人员姓 名 董事会秘书 陈景山先生 一、投资者互动主要交流内容 1、请问公司截止 9 月 20 日的股东人数是多少？ 答：您好，感谢您对公司的关注。截至 2022 年 9 月 20 日 收市后，公司股东总户数（未合并融资融券信用账户）28,392 户，其中机构户数是 3,932 户。谢谢！ 2、你好！受人民币贬值影响，公司 2022 年上半年净利润 投资者关系活动 大幅增加，而营收增长较为缓慢。公司的员工持股计划考核目 主要内容介绍 标是否应做出相应调整，以剔除人民币贬值对净利润的大幅影 响？ 答：您好，感谢您对公司的关注和建议！公 ...

编号：2022-004 证券代码：002705 证券简称：新宝股份 广东新宝电器股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------------------|----------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------| | 投资者关系活动 \n类别 \n | □特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□新闻发布会 \n□现场参观 \n█其他 投资机构线上交流 | □路演活动 | | | | 国泰君安证券、广发证券、招商证券、华泰证券、中信建投证券、 | | | | 天风证券、中泰证券、华创证券、国盛证券、安信证券、光大证券、 | | 参与单位名称及 | | 上海高毅资产管理、国泰君安证券资产管理、国盛证券资产管理、敦 | | | | 和资产管理、中 ...

编号：2022-006 证券代码：002705 证券简称：新宝股份 广东新宝电器股份有限公司投资者关系活动记录表 | --- | --- | --- | |---------------------------|--------------------------------------------------------------|----------------------------------------------------------------| | 投资者关系活动 \n类别 \n | □新闻发布会 □路演活动 \n□现场参观 \n█其他 投资机构线上交流 | □特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 | | | | 国泰君安证券、安信证券、开源证券、广发证券、招商证券、中 | | | | 信建投证券、天风证券、华创证券、兴业证券、国金证券、光大证券、 | | 参与单位名称及 | | 中金公司、国泰君安证券资产管理、国盛证券资产管理、敦和资产管 | | 人员姓名 | 理、新华证券资产管理、华夏基金、华富基金、 | Green Court Capital | | | Mana ...

Financial Performance - Total revenue for Q3 2022 was ¥3,591,132,104.48, a decrease of 11.54% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was ¥357,458,142.98, an increase of 27.42% year-on-year[4] - Net profit excluding non-recurring gains and losses for Q3 2022 was ¥439,486,364.90, up 79.58% from the previous year[4] - Basic earnings per share for Q3 2022 was ¥0.4357, representing a growth of 28.18% compared to the same period last year[4] - The company reported a total profit of ¥108,312.79 million for the first three quarters, a growth of 45.46% compared to the same period in 2021[8] - Net profit rose by 43.57% to ¥884,087,096.26, driven by improved product profitability and exchange rate effects[12] - Total profit increased by 45.46% to ¥1,083,127,947.23, reflecting enhanced product profitability and exchange rate impacts[12] - Net profit for the current period was ¥884,087,096.26, up from ¥615,800,069.49, reflecting a growth of 43.5%[48] - Basic earnings per share rose to ¥1.0327 from ¥0.7199, an increase of 43.4%[48] Cash Flow and Liquidity - Operating cash flow for the year-to-date period reached ¥703,999,327.47, reflecting a significant increase of 1,338.78%[4] - Net cash flow from operating activities improved by 1338.78% to ¥703,999,327.47, mainly due to a decrease in cash payments for goods and services[15] - Cash flow from operating activities generated a net amount of ¥703,999,327.47, a turnaround from a negative cash flow of -¥56,830,180.96 in the previous period[53] - The company received 1,570,000,000.00 in cash from borrowings, significantly higher than 606,190,545.00 in the previous period, highlighting increased leverage[55] - The cash and cash equivalents at the end of the period increased to 3,854,516,403.13, up from 2,993,005,521.66 in the previous period, indicating a strong liquidity position[55] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥12,571,604,983.33, a slight decrease of 0.44% from the end of the previous year[4] - Total current assets amount to ¥7,775,781,626.46, a decrease from ¥8,373,936,828.68 at the beginning of the year[38] - Total liabilities decreased to ¥5,624,390,667.51 from ¥6,470,881,952.01, showing a reduction of about 13.1%[41] - The company's total equity increased to ¥6,947,214,315.82 from ¥6,155,988,020.38, reflecting a growth of approximately 12.8%[41] - Long-term borrowings reached ¥500,378,750.00, marking a 100% increase to supplement working capital[12] Sales Performance - Domestic sales revenue for the first three quarters increased by 26.44% year-on-year, while overseas sales revenue decreased by 6.56%[8] Investments and Acquisitions - The company plans to acquire trademarks and patents from MORPHY RICHARDS LIMITED for a total of $198 million, with $161 million allocated for Chinese trademarks and $37 million for international intellectual property[22][25]. - The acquisition aims to enhance the domestic operations of the Morphy Richards brand, which focuses on mid-to-high-end consumer appliances[26]. - The company emphasizes the importance of effective management and integration of the acquired assets to mitigate risks associated with the acquisition[27]. - The company acknowledges potential external risks, including macroeconomic and industry development risks, that may impact post-acquisition performance[28]. Employee Stock Ownership Plan - The employee stock ownership plan involves 7.66 million shares, representing 0.93% of the total share capital, with a transfer price of RMB 8.87 per share, totaling approximately RMB 67.94 million[29]. - The employee stock ownership plan has a duration of 36 months, with shares unlocking in two phases after 12 and 24 months[30]. - The total number of employees participating in the employee stock ownership plan is 26, holding a total of 7,660,000 shares, which accounts for 0.93% of the company's total share capital[34] Research and Development - Research and development expenses increased to ¥340,099,383.17 from ¥302,713,523.54, indicating a growth of 12.3%[45] Other Financial Metrics - The company experienced a reduction in foreign exchange losses by ¥31,447.95 million due to fluctuations in the RMB/USD exchange rate[8] - Trading financial assets increased by 56.54% to ¥211,897,206.16 due to an increase in structured deposits[12] - Accounts receivable financing surged by 314.31% to ¥88,297,708.34, primarily from an increase in bank acceptance bills[12] - Inventory decreased by 46.29% to ¥1,424,879,185.70, attributed to reduced material procurement and inventory stocking[12] - Tax expenses rose to ¥199,040,850.97 from ¥128,797,270.35, an increase of 54.7%[48] - Other comprehensive income after tax was ¥8,192,920.16, compared to a loss of -¥417,213.00 in the previous period[48] Audit and Reporting - The company did not undergo an audit for the third quarter report[56]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 7,126,469,624.34, representing a 7.26% increase compared to CNY 6,644,007,457.72 in the same period last year[27]. - Net profit attributable to shareholders was CNY 486,310,918.33, a significant increase of 54.72% from CNY 314,323,891.06 year-on-year[27]. - The net profit after deducting non-recurring gains and losses reached CNY 492,837,671.66, up 72.62% from CNY 285,509,997.63 in the previous year[27]. - The net cash flow from operating activities was CNY 298,002,990.93, a turnaround from a negative cash flow of CNY -314,504,120.82 in the same period last year, marking a 194.75% improvement[27]. - Basic earnings per share increased to CNY 0.5965, reflecting a growth of 56.89% compared to CNY 0.3802 in the previous year[27]. - Total assets at the end of the reporting period were CNY 12,725,717,376.03, a slight increase of 0.78% from CNY 12,626,869,972.39 at the end of the previous year[27]. - The net assets attributable to shareholders increased by 5.37% to CNY 6,409,199,609.94 from CNY 6,082,594,718.19 at the end of the previous year[27]. - The weighted average return on equity was 7.69%, up from 5.07% in the previous year, indicating improved profitability[27]. Revenue Breakdown - The company achieved total operating revenue of 712,646.96 million yuan in the first half of 2022, representing a year-on-year increase of 7.26%[43]. - The company's foreign sales revenue reached 544,731.39 million yuan, an increase of 5.81% compared to the same period in 2021[39]. - Domestic sales revenue amounted to 167,915.57 million yuan, reflecting a growth of 12.27% year-on-year[42]. - Revenue from the small home appliance sector was ¥6,983,537,911.36, accounting for 97.99% of total revenue, with a growth of 7.23% compared to the previous year[50]. - The revenue from electric kitchen appliances was ¥3,410,892,819.31, with a slight increase of 0.82% year-on-year[50]. - Foreign sales accounted for 76.44% of total revenue, amounting to ¥5,447,313,892.01, with a growth of 5.81% compared to the previous year[50]. Investment and R&D - Research and development expenses increased by 18.40% to ¥227,197,151.64, reflecting the company's commitment to innovation[50]. - The company plans to expand into home care appliances and personal care products while enhancing its domestic brand operations[42]. - The company is focusing on innovation and product differentiation to meet the rising demand for personalized and smart small appliances[38]. - The company has established a domestic brand division to enhance its brand matrix and better cater to consumer needs[38]. Cash Flow and Financial Management - The company reported a net cash flow from operating activities of 29,800.30 million yuan, a significant increase of 194.75% year-on-year[44]. - The company reported a net increase in cash and cash equivalents of ¥182,562,663.20, a 122.97% rise compared to the previous year[50]. - The company’s investment activities resulted in a net cash outflow of ¥596,649,626.56, a 76.92% increase in cash outflow compared to the previous period[50]. - The company has provided debt guarantees for entities with asset-liability ratios exceeding 70%, totaling CNY 12.05 million[188]. - The company has invested CNY 253 million in bank financial products, with the entire amount still outstanding[192]. Corporate Governance and Compliance - The company has a long-term commitment to not reduce shareholdings within two years after the lock-up period, ensuring stability for investors[142]. - The company has established a framework to ensure compliance with commitments made during the IPO process[145]. - The company has committed to publicly disclose any failure to fulfill promises and apologize to shareholders within 5 working days if any violations occur[152]. - The company has established a framework for accountability, where violations of commitments will lead to penalties from regulatory bodies[156]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[160]. Environmental and Social Responsibility - The company is recognized as a key pollutant discharge unit by the local environmental authority, with total VOC emissions of 2.570 tons, below the approved limit of 7.29 tons[124]. - The wastewater treatment facility has a design capacity of 40 tons per hour and has been operating within compliance, with treated water discharged to the municipal treatment plant[125]. - The company has implemented various energy-saving measures, achieving an annual savings of approximately 4,000 tons of standard coal[133]. - The company has sponsored over 27 million yuan in community cultural, sports, and educational activities since its listing, including support for local elderly care and poverty alleviation initiatives[138]. Employee Engagement and Development - The company has implemented a talent development strategy through various training programs, including the "New Treasure Dream Workplace" and "Gold Medal Team Leader Training Camp" to enhance employee skills[138]. - The employee stock ownership plan (ESOP) is expected to involve up to 26 participants, including directors and senior management[117]. - The company has established an employee mutual aid fund to promote care and support among employees[138]. Risks and Challenges - The company faces risks from rising labor costs and has implemented measures to enhance production efficiency and employee satisfaction[108]. - Direct material costs represented 76.41% of the main business costs in the first half of 2022, indicating a high dependency on material prices[105]. - The company plans to enhance its product R&D capabilities and expand into new sales channels to mitigate domestic market risks[102].

Financial Performance - The company's operating revenue for Q1 2022 was ¥3,642,023,844.36, representing a year-on-year increase of 13.46% compared to ¥3,209,827,140.08 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2022 was ¥178,028,003.16, a 4.60% increase from ¥170,197,574.55 in Q1 2021[3]. - The company reported a total profit of ¥22,327.08 million for Q1 2022, a decrease of 1.68% compared to the same period in 2021[8]. - Net profit for the current period was ¥186,740,369.11, representing a 3.6% increase from ¥181,094,133.18 in the previous period[30]. - The total profit for the current period was ¥223,270,787.82, slightly down from ¥227,095,553.12 in the previous period[30]. Earnings and Shares - Basic earnings per share for Q1 2022 were ¥0.2184, up 6.07% from ¥0.2059 in Q1 2021[3]. - Basic earnings per share for the current period was ¥0.2184, up from ¥0.2095 in the previous period[33]. Cash Flow - The net cash flow from operating activities was -¥287,967,353.58, a decline of 104.21% compared to -¥141,016,930.90 in the previous year[3]. - Cash inflow from financing activities increased by 489.59% to ¥763,566,591.38, primarily due to higher cash received from borrowings[12]. - Cash flow from financing activities netted ¥544,083,411.75, reflecting a significant increase in cash received from borrowings[12]. - Cash inflow from operating activities totaled 3,610,389,054.24, down from 3,924,587,328.38, showing a decline in operational cash generation[37]. - Cash outflow from operating activities was 3,898,356,407.82, compared to 4,065,604,259.28 previously, indicating a reduction in operational expenses[37]. Assets and Liabilities - The total assets at the end of Q1 2022 were ¥12,368,008,667.11, a decrease of 2.05% from ¥12,626,869,972.39 at the end of the previous year[3]. - Total current assets decreased from CNY 8,373,936,828.68 at the beginning of the year to CNY 7,916,286,058.58 at the end of the period, a decline of approximately 5.46%[22]. - Total liabilities decreased from CNY 6,470,881,952.01 to CNY 6,025,802,540.81, a decline of approximately 6.89%[26]. - The company's total equity increased from CNY 6,155,988,020.38 to CNY 6,342,206,126.30, reflecting a growth of about 3.03%[26]. Research and Development - The company's R&D expenses increased by 29.87% to ¥10,792.85 million in Q1 2022, reflecting a focus on innovation[8]. - Research and development expenses increased to ¥107,928,510.39, a rise of 30.0% compared to ¥83,107,580.49 in the last period[30]. Financial Expenses - Financial expenses surged by 451.72% to ¥8,049,199.97, primarily due to increased exchange losses from RMB to USD fluctuations[12]. - Interest expenses rose by 336.19% to ¥10,199,228.28, attributed to increased short-term borrowing for working capital[12]. Taxation - Tax and additional fees increased by 38.69% to ¥24,648,837.57 due to higher tax payments in the current period[12]. - The company reported a tax expense of ¥36,530,418.71, down from ¥46,001,419.94 in the prior period[30]. Other Income and Investment - Other income increased by 291.81% to ¥13,969,000.70, mainly from higher government subsidies received[12]. - Investment income decreased by 60.78% to ¥20,942,536.84, primarily due to reduced returns from forward foreign exchange contracts[12]. - The company reported a cash inflow from investment activities of 63,748,634.47, down from 117,325,051.89, indicating reduced investment returns[37].

Financial Performance - The company's operating revenue for 2021 was CNY 14,912,387,585.69, representing a 13.05% increase compared to CNY 13,191,047,852.54 in 2020[28]. - The net profit attributable to shareholders for 2021 was CNY 792,452,937.73, a decrease of 29.15% from CNY 1,118,497,315.55 in 2020[28]. - The net cash flow from operating activities was CNY 846,393,455.37, down 66.28% from CNY 2,509,960,222.83 in the previous year[28]. - The basic earnings per share for 2021 was CNY 0.9613, a decline of 31.12% compared to CNY 1.3956 in 2020[28]. - The total assets of the company as of December 31, 2021, were CNY 12,626,869,972.39, an increase of 1.06% from CNY 12,494,765,158.20 in 2020[28]. - The weighted average return on equity was 12.87%, down 10.86% from 23.73% in 2020[28]. - The net profit after deducting non-recurring gains and losses was CNY 682,197,145.58, a decrease of 26.77% from CNY 931,624,983.13 in 2020[28]. - The company's total revenue for Q4 2021 reached ¥4,208,618,285.19, showing a steady increase from previous quarters[32]. - The net profit attributable to shareholders for Q3 2021 was ¥280,533,427.53, reflecting a significant recovery compared to Q2 2021[32]. - The net cash flow from operating activities in Q4 2021 was ¥903,223,636.33, indicating a strong cash generation capability[32]. Business Strategy and Expansion - The company has expanded its business scope to include the production of water treatment equipment and various battery types, indicating a diversification strategy[26]. - The company plans to expand its product offerings into home care appliances and personal care products, leveraging its existing strengths in kitchen appliances[45]. - The company has established a domestic brand division to enhance its market presence, focusing on personalized consumer needs[45]. - The company aims to improve its domestic market share through innovative product and marketing strategies[45]. - The company is adapting to market changes by enhancing its R&D and manufacturing capabilities to meet diverse customer demands[48]. - The company plans to focus on four investment areas in 2022: efficiency platform innovation, equipment upgrades, information technology, and new projects[131]. - The company is exploring new product launches and the expansion of its cross-border e-commerce business as part of its growth strategy[153]. Research and Development - Research and development expenses rose by 12.26% to CNY 44,204.20 million, reflecting the company's commitment to innovation[51]. - The company increased its R&D personnel to 2,681, a 4.12% increase from 2,575 in the previous year[68]. - The company is committed to enhancing its product development capabilities and expanding its market presence through new sales channels, including social e-commerce[141]. - The company is enhancing its product innovation strategy, aiming to increase the sales proportion of self-developed products[132]. Market Performance - The company's overseas sales revenue increased by 14.24% year-on-year, reaching CNY 11,623,649.41 million, accounting for 77.95% of total sales[54]. - Domestic sales revenue grew by 9.03% year-on-year, totaling CNY 3,288,738.17 million, representing 22.05% of total sales[54]. - The small home appliance market is experiencing stable growth, with increasing demand in emerging markets due to rising living standards[42]. - In 2021, the company's revenue from exports accounted for 80.20%, 77.13%, and 77.95% over the years, indicating a high reliance on international markets[140]. Financial Management - The total cash inflow from financing activities decreased by 47.84% to 859,426,259.32 RMB, compared to 1,647,731,840.41 RMB in the previous year[73]. - The company's financial expenses decreased significantly by 79.50% to 48,616,458.82 RMB, primarily due to reduced exchange losses[66]. - The total cash and cash equivalents decreased by 660,136,115.47 RMB, a decline of 128.04% compared to an increase of 2,354,163,217.63 RMB in the previous year[72]. - The company reported a significant decrease in cash flow from operating activities, down 66.28% to CNY 84,639.35 million[51]. Corporate Governance - The company has established a complete and independent financial accounting system, ensuring no shared bank accounts with the controlling shareholder[169]. - The company maintains an independent operational structure, with no interference from the controlling shareholder in its business activities[172]. - The company is committed to enhancing investor relations and ensuring compliance with information disclosure obligations[167]. - The company has a clear governance structure that complies with relevant laws and regulations, ensuring transparency and accountability[167]. Remuneration and Compensation - Total remuneration for directors, supervisors, and senior management during the reporting period amounted to 2,779.76 million CNY[200]. - The highest remuneration was received by the President, Zeng Zhanhui, totaling 578.29 million CNY[200]. - The remuneration for the Executive Vice President, Yang Fangxin, was 417.45 million CNY[200]. - Independent directors received a fixed annual remuneration of 100,000 CNY after tax each[198]. - The total remuneration reflects the company's commitment to aligning compensation with performance outcomes[198]. Risks and Challenges - The company faces risks from international market demand fluctuations, particularly due to the ongoing impacts of the COVID-19 pandemic[140]. - The company is monitoring the impact of the global chip shortage on its production and operational capabilities[156]. - The company discussed the impact of raw material price fluctuations on its performance, particularly in the context of the 2020 annual results and the outlook for 2021 exports[149]. - The company noted that the rising prices of raw materials could impact profit margins, and discussed strategies to mitigate these effects[153].

Financial Performance - Total revenue for Q3 2021 was approximately ¥4.06 billion, a decrease of 0.25% compared to the same period last year[4] - Net profit attributable to shareholders was approximately ¥280.53 million, down 41.45% year-on-year[4] - The net profit after deducting non-recurring gains and losses was approximately ¥244.73 million, a decrease of 39.33% compared to the previous year[4] - The company reported a net cash flow from operating activities of approximately -¥56.83 million, a decline of 104.00% year-on-year[6] - The weighted average return on equity was 4.63%, down 5.55% compared to the previous year[4] - The basic earnings per share for Q3 2021 was ¥0.3399, a decrease of 43.15% compared to the same period last year[4] - The company reported a 34.28% decline in net profit to ¥615,800,069.49, mainly impacted by rising raw material costs[8] - The net profit for the third quarter of 2021 was CNY 615,800,069.49, a decrease of 34.3% compared to CNY 936,969,624.17 in the same period last year[28] - The total profit for the period was CNY 744,597,339.84, down 33.7% from CNY 1,123,937,774.39 in the previous year[28] - Operating profit decreased to CNY 740,607,053.00, a decline of 34.1% from CNY 1,124,302,244.36 in the prior year[28] Revenue and Sales - Domestic revenue for the first three quarters was approximately ¥216.86 million, a slight increase of 0.98% year-on-year[6] - The company experienced a 22.50% increase in foreign sales revenue, totaling approximately ¥853.52 million for the first three quarters[6] - The company's revenue from sales of goods and services received cash of CNY 10,894,752,108.04, an increase of 32.8% compared to CNY 8,206,336,566.76 in the same period last year[32] Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥11.98 billion, a decrease of 4.13% from the end of the previous year[4] - The company's financial assets decreased by 60.45% to ¥125,722,716.67 due to a reduction in structured deposits and changes in the fair value of forward foreign exchange contracts[8] - Accounts receivable dropped by 58.62% to ¥8,706,893.78, primarily due to a decrease in commercial acceptance bills[8] - The total assets of the company as of September 30, 2021, were CNY 11,979,118,890.20, down from CNY 12,494,765,158.20 at the end of 2020, a decrease of 4.1%[25] - The total liabilities decreased to CNY 5,916,378,388.02 from CNY 6,391,433,877.49, a reduction of 7.4%[23] Cash Flow - The net cash flow from operating activities was negative CNY 56,830,180.96, a significant decline from a positive CNY 1,420,414,195.66 in the previous year[32] - The net cash flow from investment activities was -530,650,353.63 CNY, compared to -433,749,378.61 CNY in the previous period, indicating a decline of approximately 22%[34] - The total cash inflow from financing activities was 611,292,145.00 CNY, a decrease from 701,680,500.00 CNY, representing a decline of about 13%[34] - The net cash flow from financing activities was -416,075,802.42 CNY, worsening from -328,180,479.65 CNY in the previous period[34] Investments and Expenses - The company experienced a significant increase in investment income, rising 3,918.81% to ¥144,093,520.48, attributed to higher returns from forward foreign exchange contracts[8] - Research and development expenses for Q3 2021 were CNY 302,713,523.54, up from CNY 251,363,590.44 in Q3 2020, indicating a rise of 20.4%[26] - The company's financial expenses decreased by 88.88% to ¥9,995,452.80, primarily due to reduced foreign exchange losses[8] Shareholder Actions - The company repurchased shares, resulting in treasury stock amounting to ¥149,988,567.02[8] - The company successfully completed a private placement of 25,254,895 shares at a price of RMB 38.25 per share, raising a total of RMB 965,999,733.75[13] - The company approved a performance incentive fund of RMB 40 million for 129 eligible participants based on the 2020 annual performance assessment[13] - The company plans to use the repurchased shares for employee stock ownership plans and will cancel any unused shares if not utilized within 36 months[16] Certifications and Regulatory Approvals - The company received the High-tech Enterprise Certificate, allowing it to enjoy a reduced corporate income tax rate of 15% for three years starting from the year of certification[16] - The company’s private placement was approved by the China Securities Regulatory Commission on November 6, 2020[13] Inventory and Receivables - The company's inventory as of September 30, 2021, was CNY 2,330,139,864.22, compared to CNY 2,119,721,880.13 at the end of 2020, representing an increase of 9.9%[21] - Accounts receivable decreased to CNY 1,722,208,957.97 from CNY 1,764,906,519.82, a decline of 2.4%[21] - The accounts receivable stood at 1,764,906,519.82 CNY, remaining consistent with the previous period[36] Overall Financial Position - Total equity attributable to shareholders of the parent company reached CNY 6,037,561,883.88[40] - Total liabilities and equity amounted to CNY 12,494,765,158.20[40] - Unallocated profits stood at CNY 2,682,487,038.94[40]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥6,644,007,457.72, representing a 31.69% increase compared to ¥5,045,166,790.69 in the same period last year[26]. - The net profit attributable to shareholders was ¥314,323,891.06, a decrease of 27.04% from ¥430,816,625.70 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was ¥285,509,997.63, down 33.98% from ¥432,452,535.51 year-on-year[26]. - The basic earnings per share decreased by 29.27% to ¥0.3802 from ¥0.5375 in the previous year[26]. - Total operating revenue for the first half of 2021 reached CNY 6,644,007,457.72, a 31.7% increase from CNY 5,045,166,790.69 in the same period of 2020[192]. - Net profit for the first half of 2021 was CNY 331,110,027.00, down 26.6% from CNY 451,018,783.35 in the first half of 2020[192]. - Operating profit decreased to CNY 400,404,953.45, a decline of 26.9% compared to CNY 547,208,819.32 in the previous year[192]. - The company reported a total comprehensive income of CNY 330,756,777.28, compared to CNY 450,936,790.78 in the previous year, indicating a decrease of 26.6%[194]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥314,504,120.82, a significant decline of 146.17% compared to ¥681,218,456.58 in the same period last year[26]. - The company reported a cash flow from operating activities showing a net outflow of ¥314,504,120.82 in the first half of 2021, compared to a net inflow of ¥681,218,456.58 in the same period of 2020[200]. - Total assets at the end of the reporting period were ¥12,211,185,406.22, a decrease of 2.27% from ¥12,494,765,158.20 at the end of the previous year[26]. - The company's cash and cash equivalents were CNY 3.47 billion, down from CNY 4.29 billion, indicating a decrease of approximately 19.1%[181]. - The accounts receivable decreased to CNY 1.52 billion from CNY 1.76 billion, a reduction of approximately 13.7%[181]. - Total liabilities decreased to CNY 5,461,997,383.62 from CNY 5,645,040,624.87, reflecting a reduction of 3.3%[192]. Revenue Breakdown - The company's foreign sales revenue reached CNY 514,836.40 million, growing by 43.35% compared to the same period in 2020[36]. - Domestic sales revenue amounted to CNY 149,564.35 million, with a modest growth of 2.88% year-on-year[37]. - Revenue from the small home appliance sector was ¥6,512,827,875.94, accounting for 98.03% of total revenue, with a year-on-year growth of 32.26%[49]. - Revenue from electric kitchen appliances was ¥3,383,281,242.08, contributing 50.92% to total revenue, with a year-on-year increase of 29.80%[49]. - International sales amounted to ¥5,148,363,968.36, representing 77.49% of total revenue, with a significant year-on-year growth of 43.35%[49]. Research and Development - The company’s R&D expenses increased by 20.56% to CNY 19,188.69 million, reflecting ongoing investment in innovation[42]. - Research and development expenses increased to CNY 191,886,923.70, up 20.6% from CNY 159,166,549.97 in the first half of 2020[192]. - The company is enhancing its product R&D capabilities and innovation to improve market competitiveness amid rising labor costs and material prices[70]. Risks and Challenges - The company faced significant risks, but no major changes in risk factors were noted compared to previous periods[5]. - The company faces risks related to international market demand fluctuations, particularly due to increasing uncertainties in the global political and economic environment[69]. - The company faces risks from domestic market expansion due to increasing competition and economic downturns, which could adversely affect stable growth[70]. - The company is exposed to exchange rate fluctuation risks due to its reliance on USD for import and export transactions[70]. Shareholder Commitments and Governance - Guangdong Xinbao Electric's actual controller and shareholders have committed to not reducing their holdings of Xinbao shares within two years after the lock-up period ends, with a commitment to notify the company three trading days in advance if they intend to sell[102]. - The company has established a long-term commitment to maintain transparency regarding shareholding changes during the tenure of its executives[105]. - The company has a long-term commitment to ensure compliance with its public commitments to shareholders and investors[105]. - The company has committed to repurchase any shares sold in violation of its commitments within 10 trading days, extending the lock-up period by an additional 3 months[108]. Environmental Compliance - The company reported a total VOCs emission of 2.406 tons, which is below the approved limit of 7.29 tons[85]. - The wastewater treatment facility has a design capacity of 40 tons per hour and has been operating within compliance[86]. - The company has received ISO14001 environmental standard certification, valid until September 8, 2022[93]. - The company has implemented a comprehensive environmental monitoring plan, including daily checks on wastewater pH and flow[90]. Employee Compensation and Social Responsibility - The company paid ¥1,405,305,446.37 in employee compensation during the first half of 2021, compared to ¥1,012,195,217.91 in the first half of 2020, reflecting an increase in workforce costs[200]. - The company has invested over 21 million yuan in various social welfare activities since its listing, including education and poverty alleviation[94].