老板电器:2019年第三季度报告正文(英文版)

                          2019 Third Quarter Report Text for Hangzhou Robam Appliances Co., Ltd.




Stock code:002508          Abbreviation of securities: Robam         Announcement No.:2019-039




                Hangzhou Robam Appliances Co., Ltd.


                    2019 Third Quarter Report Text
                          2019 Third Quarter Report Text for Hangzhou Robam Appliances Co., Ltd.



                      Section 1: Important Notes


The board of directors, the board of supervisors and the directors,

supervisors and senior management of the Company shall guarantee

that the contents of the quarterly report are authentic, accurate and

complete, free from false records, misleading statements Or major

omissions, and shall bear individual and joint legal liabilities.

All directors of the Company personally attended the board meeting to

review this quarterly report.

Ren Jianhua, the head of the Company, Zhang Guofu, the head of

accounting work, and Zhang Guofu, the head of accounting body

(accountant in charge), guarantee the authenticity, accuracy and

completeness of the Financial statements in the quarterly report.




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                                         2019 Third Quarter Report Text for Hangzhou Robam Appliances Co., Ltd.




                               Section 2: Basic status of company

I.   Major Accounting Data and Financial Indicators

Whether the Company needs to retroactively adjust or restate the accounting data of the previous years
□Yes √No

                                                                                                 Increase/decrease at the
                                    End of the reporting                                             end of this reporting
                                                                   End of previous year
                                           period                                                   period compared to the
                                                                                                 end of the previous year

 Total assets (yuan)                     10,073,735,527.84                   9,455,361,508.83                         6.54%

 Net assets attributable to
 shareholders of listed                   6,375,359,070.29                   6,045,384,387.57                         5.46%
 companies (yuan)

                                                                                                         Increase/decrease
                                                                                      From the            at the end of the
                                                        Increase/decrease
                                                                                  beginning of the        reporting period
                                                        this year compared
                                   Reporting period                               year to the end of     from the beginning
                                                           to the previous
                                                                                    the reporting            of the year
                                                                year
                                                                                       period             compared to the
                                                                                                           previous year

 Operating income (yuan)           2,097,606,924.30                 10.56%        5,625,020,807.26                    4.29%

 Net profits attributable to
 shareholders of listed              415,223,408.27                 18.20%        1,085,627,402.47                    7.31%
 companies (yuan)

 Net profits attributable to
 shareholders of the listed
 company after deduction of          410,778,645.33                 22.23%        1,033,318,224.34                   11.36%
 non-recurring profits and
 losses (yuan)

 Net cash flow from operating
                                     376,523,778.18                381.97%        1,035,214,862.76                  -13.78%
 activities (yuan)

 Basic EPS (yuan/share)                          0.44               18.92%                       1.14                 6.54%

 Diluted EPS (yuan/share)                        0.44               18.92%                       1.14                 6.54%

 Weighted average return on
                                              6.86%                    0.36%                 17.37%                  -1.19%
 net assets

Non-recurring Profit and Loss Items and Amount
√Applicable □ Not applicable


                                                        Page 2 of 10
                                            2019 Third Quarter Report Text for Hangzhou Robam Appliances Co., Ltd.


                                                                                                               Unit: CNY

                                                                           Amount from the
                                                                      beginning of the year to
                                Item                                                                 Description
                                                                      the end of the reporting
                                                                               period

 Profits and losses on the disposal of non-current assets
 (including the write-off part of the provision for asset                         -1,171,725.00
 impairment)

 Government subsidies included into the current profits and
 losses, except those government subsidies, which are closely
 related to the business of a company and enjoyed in                             61,921,866.87
 accordance with a certain standard quota or quantity of the
 state

 Profits and losses from investment or management assets
                                                                                  4,971,538.56
 entrusted to others

 Income and expenditure other than those mentioned above                            -915,346.81

 Less: Amount affected by income tax                                             10,663,221.28

     Amount of minority shareholders' equity affected (after
                                                                                  1,833,934.21
     tax)

 Total                                                                           52,309,178.13            --

Explain the non-recurrent profit and loss items defined by the Company according to the Interpretative Announcement No.
1 on Information Disclosure of Pub lic Securities Issuing Companies - Non-recurrent Profits and Losses and defined from
the non-recurrent profit and loss items enumerated in the Interpretative Announcement No. 1 on Information Disclosure of
Pub lic Securities Issuing Companies - Non-recurrent Profits and Losses

□ Applicable   √ Not applicable
No definition of non-recurrent profit and loss items defined and enumerated in the Interpretative Announcement No. 1 on
Information Disclosure of Pub lic Securities Issuing Companies - Non-recurrent Profits and Losses as non-recurrent profit
and loss items during the reporting period.


II. Total number of shareholders at the end of the reporting period and shareholding
    of top 10 shareholders

1.   Number of common shareholders and preferred shareholders with voting rights restored,
     and shareholdings of the top 10 shareholders

                                                                                                               Unit: share

                                                                 Total number of preferred
 Total number of common
                                                                 shareholders with voting
 shareholders at the end of                            60,911                                                         0
                                                                 rights restored at the end of
 the reporting period
                                                                 the reporting period (if any)

                                         Shareholdings of the top 10 s hareholders

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                                             2019 Third Quarter Report Text for Hangzhou Robam Appliances Co., Ltd.


                                                                          Number of               Pledge or freeze
                                                                            shares
                                                Shareh
                               Shareholder                 Number of       held with
   Shareholder's name                           olding                                     Status of
                                  nature                  shares held       limited                           Quantity
                                                 ratio                                      shares
                                                                             sales
                                                                           conditions

                               Domestic
Hangzhou Robam
                               non-state        49.68%     471,510,000                 0                -                0
Industrial Group Co., Ltd.
                               legal person

Hong Kong Securities           Overseas
                                                11.45%     108,623,698                 0                -                0
Clearing Co. Ltd.              legal person

                               Domestic
Shen Guoying                   natural           1.29%      12,240,000                 0                -                0
                               person

China Construction Bank
Co., Ltd. - An xin Value
                               Other             1.19%      11,336,419                 0                -                0
Selected Stock Securities
Investment Fund

                               Domestic
Hangzhou Jinchuang
                               non-state         1.00%       9,451,985                 0                -                0
Investment Co., Ltd.
                               legal person

Shenzhen Guoshi Capital
Management Co., Ltd. -
Guoshi Capital - Robam
                               Other             0.88%       8,311,165                 0                -                0
Agent Holding Stage 2
Structured Private Equity
Fund

Aberdeen Standard
Investments (Asia)             Overseas
                                                 0.75%       7,079,528                 0                -                0
Limited - Aberdeen Global      legal person
- China A-Shares Fund

                               Domestic
Hangzhou Yinchuang
                               non-state         0.74%       7,020,000                 0                -                0
Investment Co., Ltd.
                               legal person

                               Domestic
Ren Jianhua                    natural           0.62%       5,923,150                 0                -                0
                               person

Central Huijin Investment      State legal
                                                 0.60%       5,685,810                 0                -                0
Ltd.                           person

                            Shareholding of top 10 shareholders with unlimited sales conditions



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                                               Number of shares held with unlimited                 Share type
             Shareholder's name
                                                          sales conditions                 Share type        Quantity

 Hangzhou Robam Industrial Group Co.,                                                     RMB common
                                                                          471,510,000                      471,510,000
 Ltd.                                                                                     share

                                                                                          RMB common
 Hong Kong Securities Clearing Co. Ltd.                                   108,623,698                      108,623,698
                                                                                          share

                                                                                          RMB common
 Shen Guoying                                                                12,240,000                      12,240,000
                                                                                          share

 China Construction Bank Co., Ltd.-
                                                                                          RMB common
 An xin Value Selected Stock Securities                                      11,336,419                      11,336,419
                                                                                          share
 Investment Fund

 Hangzhou Jinchuang Investment Co.,                                                       RMB common
                                                                              9,451,985                          9,451,985
 Ltd.                                                                                     share

 Shenzhen Guoshi Capital Management
 Co., Ltd. - Guoshi Capital - Robam Agent                                                 RMB common
                                                                              8,311,165                          8,311,165
 Holding Stage 2 Structured Private Equity                                                share
 Fund

 Aberdeen Standard Investments (Asia)
                                                                                          RMB common
 Limited-Aberdeen Global-China                                              7,079,528                          7,079,528
                                                                                          share
 A-Shares Fund

 Hangzhou Yinchuang Investment Co.,                                                       RMB common
                                                                              7,020,000                          7,020,000
 Ltd.                                                                                     share

                                                                                          RMB common
 Ren Jianhua                                                                  5,923,150                          5,923,150
                                                                                          share

                                                                                          RMB common
 Central Huijin Investment Ltd.                                               5,685,810                          5,685,810
                                                                                          share

                                               The actual controller of the Company’s controlling shareholder Hangzhou
 Description of the above-mentioned            Robam Industrial Group Co., Ltd. and the shareholder Hangzhou
 shareholder association or concerted          Jinchuang Investment Co., Ltd. is Mr. Ren Jianhua, and the natural
 action                                        person shareholder Shen Guo Ying is the wife of Ren Jianhua. The above
                                               shareholders have the possibility of acting in unison.

 Securities margin trading business
                                               Not applicable
 attended by top 10 shareholders (if any)

Whether the Company’s top 10 common shareholders and op 10 common shareho lders with unlimited sales conditions
agreed on a repurchase transaction during the reporting period
□Yes √No
The Company’s top 10 common shareholders and op 10 common shareholders with unlimited sales conditions did not
agree on a repurchase transaction during the reporting period




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2.   Total number of preferred shareholders and the                top 10 preferred shareholders’
     shareholdings of the Company

□ Applicable   √ Not applicable




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                                  Section 5: Important Matters

I.   Cases and causes for the change in the main financial data and financial indexes
     during the reporting period

√Applicable □ Not applicable
1.   Balance sheet items
     The monetary capital increased by 47.74% at the end of the reporting period compared to the beginning of the year,
     which was mainly caused by the increase of the company's payment collection and the decrease of the amount of
     money to purchase the bank financial products.
     The advances to suppliers increased by 38.22% at the end of the reporting period compared to the beginning of the
     year, which was mainly caused by the increase in the purchase of raw materials.
     Other current assets decreased by 35.91% at the end of the reporting period compared to the beginning of the year,
     which was mainly caused by the decrease of the bank financing in the current period.
     Available-for-sale financial assets decreased by 100% at the end of the reporting period compared to the beginning
     of the year and other equity instrument investments increased by 100% compared to last year, which were caused
     by the change in the reclassification of items.
     The long-term equity in vestment increased by 81.34% at the end of the reporting period compared to the beginning
     of the year, which was mainly caused by the profit increase of De Dietrich Trade (Shanghai) Co., Ltd. invested by the
     company in the current period.
     The construction in progress increased by 36.58% at the end of the reporting period compared to the beginning of
     the year, which was mainly caused by the infrastructure investment in Maoshan Intelligent Manufacturing Park in the
     current period.
     The long-term unamortized expenses decreased by 80.94% at the end of the reporting period compared to the
     beginning of the year, which was mainly caused by the amortization of long -term deferred expenses in previous
     period.
     The accounts payable increased by 31.88% at the end of the reporting period compared to the beginning of the year,
     which was mainly caused by the increase in the purchase transactions with the sales revenue in the current period.
     The payroll payable decreased by 90.93% at the end of the reporting period compared to the beginning of the year,
     which was mainly caused by the payment of employee salaries and bonuses last year.
     The tax payable increased by 64.30% at the end of the reporting period compared to the beginning of the ye ar, which
     was mainly caused by the increase in the income tax expenses in the current period.


2.   Income statement items
     The non-operating income decreased by 52.49% in the reporting period compared to the last year, which was mainly
     caused by the decrease of the government subsidies in the current period.
     The non-operating expenditure increased by 217.58% in the reporting period compared to the last year, which was
     mainly caused by the increase of the donation outlay and the scrap of some products in the current period.


3.   Cash flow statement items
     The net cash flow from investment activities decreased by 227.81% in the reporting period compared to the last year,
     which was mainly caused by the company's payment for the investment fund for merger and acquis ition of Kinde last

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        year and no major investment projects in current period.


II. Progress of important matters and their impact and solution analysis

□ Applicable    √ Not applicable
Implementation progress of share repurchase

□ Applicable    √ Not applicable
Implementation progress of reducing repurchased shares by centralized competitive bidding

□ Applicable    √ Not applicable


III. Commitments not fully fulfilled by the Company’s actual controller, shareholders,
     related parties, acquirer and other commitment parties during the reporting
     period

□ Applicable    √ Not applicable
No commitments not fully fulfilled by the Company’s actual controller, shareholders, related parties, acquirer and other
commitment parties during the reporting period




IV. Estimate of annual business performance for 2019

It is estimated that the change rate of the net profits attributable to shareholders of listed companies in 2019 ranges from
2% to 10%


V. Financial assets measured with fair value

□ Applicable    √ Not applicable


VI. Illegal external guarantee

□ Applicable    √ Not applicable
No illegal external guarantee of the Company during the reporting period.


VII. Non-operating occupation of funds of listed companies by controlling
     shareholders and their related parties

□ Applicable    √ Not applicable
No non-operating occupation of funds of listed companies by controlling shareholders and their related parties during the
reporting period.


VIII.        Entrusted financing

√Applicable □ Not applicable
                                                                                                          Unit: 10,000 yuan

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                           Source of funds for       Amount incurred in                               Overdue amount not
     Specific type                                                            Outstanding balance
                           entrusted financing       entrusted financing                                   recovered

 Bank financial
                          Owned fund                              213,000                  150,000                        0
 products

 Total                                                            213,000                  150,000                        0

Specific circumstance of high-risk entrusted financing with significant single amount or with low security, poor liquidity and
not break-even

□ Applicable   √ Not applicable
The entrusted financing is expected not to recover the principal or has other circumstances that may cause impairment

□ Applicable   √ Not applicable


IX. Registration form of reception, research, communication, interview and other
    activities during the reporting period

√Applicable □ Not applicable

                            Reception     Type of received
    Reception time                                                         Basic information index of the survey
                                 way             object

                                                              See the Record Chart of Investor Relation Activities on
 July 01, 2019            Field survey    Organization
                                                              July 1 and 2, 2019 in cninfo

                                                              See the Record Chart of Investor Relation Activities on
 September 18, 2019       Field survey    Organization
                                                              July 18 and 19, 2019 in cninfo

                                                              See the Record Chart of Investor Relation Activities on
 September 16, 2019       Field survey    Organization
                                                              Septemb er 16 and 17, 2019 in cninfo

                                                              See the Record Chart of Investor Relation Activities on
 September 18, 2019       Field survey    Organization
                                                              Septemb er 18-23, 2019 in cninfo

                                                              See the Record Chart of Investor Relation Activities on
 September 25, 2019       Field survey    Organization
                                                              Septemb er 25, 2019 in cninfo




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