supor(SZ:002032)2025-08-28 13:15Financial Performance - The company's operating revenue for the reporting period was CNY 11,477,500,800.41, representing a 4.68% increase compared to CNY 10,964,777,968.45 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 939,913,794.13, a slight decrease of 0.07% from CNY 940,593,117.65 year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 907,401,664.89, down 1.65% from CNY 922,655,960.65 in the previous year[19]. - The net cash flow from operating activities was CNY 512,444,707.87, a decrease of 6.58% compared to CNY 548,524,464.81 in the same period last year[19]. - The total assets at the end of the reporting period were CNY 11,624,528,534.96, down 12.37% from CNY 13,265,856,724.52 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were CNY 5,118,520,351.04, a decrease of 20.33% from CNY 6,424,414,343.69 at the end of the previous year[19]. - The basic earnings per share for the reporting period was CNY 1.180, a decrease of 0.08% from CNY 1.181 in the same period last year[19]. - The diluted earnings per share for the reporting period was also CNY 1.180, reflecting the same decrease of 0.08% compared to the previous year[19]. - The weighted average return on net assets was 15.30%, down 0.15 percentage points from 15.45% in the previous year[19]. Market Position and Product Innovation - The company is a leading manufacturer and brand in the kitchen cookware and small appliances sector, established in 1994, with seven R&D and manufacturing bases in China and Vietnam[26]. - In the first half of 2025, the company maintained the number one market share in both online and offline channels for kitchen cookware and small appliances, with significant growth in health-related products like steamers and ceramic pots[27][28]. - The company reported stable revenue growth during the reporting period, driven by continuous product innovation and strong channel advantages[29]. - The company launched innovative products such as the "Yuexuan Clip Pressure Cooker" and mini titanium non-stick frying pans, addressing consumer needs for convenience and health[30]. - The "Rotating Flame Pot" rice cooker became the top-selling product in the offline market for six consecutive months since its launch in January 2025[31]. - The company expanded its sales channels by enhancing e-commerce strategies and collaborating with platforms like Meituan and JD to boost instant retail business[32]. - The company actively engaged in brand building through diverse marketing strategies, including collaborations with popular IPs to connect with younger consumers[33]. - The company experienced good growth in export sales due to increased demand from SEB Group and other overseas clients during the reporting period[34]. - The company emphasizes product innovation and has established an open innovation platform to integrate new technologies and materials into its product lines[35]. - The company maintains a strong and stable distribution network, ensuring high coverage in both online and offline markets to enhance consumer purchasing experiences[36]. Financial Health and Investments - Cash and cash equivalents decreased to ¥2,027,964,341.78, accounting for 17.45% of total assets, down from 18.69% at the end of the previous year, primarily due to dividend payments[47]. - Accounts receivable increased to ¥3,263,294,382.44, representing 28.07% of total assets, up from 20.28% last year, mainly due to an increase in receivables from external sales[47]. - Inventory decreased to ¥2,040,635,147.21, making up 17.55% of total assets, down from 19.34% last year, attributed to improved inventory turnover[47]. - Short-term borrowings amounted to ¥527,874,712.48, representing 4.54% of total assets, a new entry due to bank acceptance bill discounting by subsidiaries[47]. - Contract liabilities decreased to ¥443,037,837.02, accounting for 3.81% of total assets, down from 8.20% last year, mainly due to a reduction in advance payments from distributors[47]. - The company reported a decrease in receivables financing to ¥122,957,338.74, which is 1.06% of total assets, down from 2.78% last year, due to a reduction in bank acceptance bills[47]. - The total amount of financial assets measured at fair value was ¥2,487,667,400, with significant changes in the fair value of trading financial assets[49]. - The company did not engage in any securities investments during the reporting period[52]. - The company has invested RMB 25 million in bank wealth management products and RMB 13 million in other types of wealth management, totaling RMB 38 million[104]. - The company has a remaining balance of RMB 10 million in wealth management products that are not yet due[104]. Shareholder and Stock Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company approved the release of 548,250 restricted stocks for 266 eligible incentive recipients as part of the 2021 stock incentive plan[68]. - The company repurchased and canceled 178,674 restricted stocks at a price of RMB 1 per share due to unmet performance targets in the 2022 stock incentive plan[69]. - The company plans to cancel 64,500 stock options granted to two departing incentive recipients who did not meet the exercise conditions[73]. - The total number of shares decreased from 801,538,407 to 801,359,733, a reduction of 178,674 shares due to the repurchase and cancellation of restricted stocks[111]. - The number of restricted shares held by executives decreased by 178,674 shares, with a total of 1,720,116 restricted shares remaining[115]. - The company’s total share capital is now 801,359,733 shares, with 99.88% being unrestricted shares[110]. - SEB INTERNATIONALE S.A.S holds 83.19% of the shares, totaling 666,681,904 shares[117]. - The report indicates no significant changes in the shareholding structure among the top 10 shareholders[119]. Corporate Social Responsibility - The company has established 31 Supor primary schools in remote areas, with a total donation exceeding CNY 40 million[77]. - The company aims to cover 30,000 rural students through its educational initiatives[79]. - The investment in improving educational resources in rural areas amounts to CNY 1.31 million[79]. Accounting and Financial Reporting - The company adheres to the accounting standards set by the Ministry of Finance of the People's Republic of China, ensuring the financial statements reflect a true and complete picture of its financial status[160]. - The company operates under a continuous operating assumption, indicating no significant issues affecting its ability to continue operations for at least 12 months from the reporting date[158]. - The company’s financial statements are prepared based on the accrual basis of accounting, impacting the recognition of assets, liabilities, income, and expenses[157]. - The company’s accounting period follows the calendar year, from January 1 to December 31[161]. - The company’s main currency for accounting is RMB, while its overseas subsidiaries use local currencies such as VND, SGD, and IDR[163]. - The company has established specific accounting policies and estimates based on its operational characteristics, which may affect financial reporting[159]. - The company’s important accounting estimates include depreciation and amortization of fixed and intangible assets, as well as impairment assessments[159].